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s. ADM. AUG 7 IBRARY 193S BANK RECORD REO. U. S. PAT. OFFICE / JULY IN RETROSPECT Page Financial and Page 1 Events Cotton Hides and Leather 7 8 Commercial Iron and Steel Trade 7 --12 Course of the Stock Market -->12 Dividend Declarations Federal Reserve Bank—Brokers' Loans .14 Foreign Affairs 5 — -— ... 17 Foreign Exchange. Grain—Coffee—Sugar 8 ... Money Market .14 New Security Issues ..11 Petroleum and Its Products. 9 Rubber 8 Textiles United 8 ... States Treasury Financing .10 INDEX TO STOCK EXCHANGE QUOTATIONS Paga Baltimore Stock 41 New York Stdck Exchange—Bonds... 19 64 Chicago Stock Exchange New York Curb Exchange.. 68 Boston Stock Exchange New York Stock 31 Exchange—Stocks --66 — Detroit Stock Exchange Philadelphia Stock Exchange -.60 Cleveland Stock Exchange. Los Pag© 67 Exchange. Pittsburgh Stock Exchange Angeles Stock Exchange 64 61 69 San Francisco Stock Exchange. — .62 INDEX TO GENERAL QUOTATIONS Page 102 Domestic ..111 Canadian Foreign Government Bonds Industrial Public 73 Utility Stocks 78 Railroad Bonds... 67 Stocks..!.. Railroad Stocks 85 Real Estate Bonds Real Estate Trust and ...100 72 Investing Companies Securities 84 Securities ... William DANA Land Stocks 85 85 Guarantee and Safe Deposit Stocks 85 85 United States Territorial Bonds... August 4, B. -101 United States Government Securities..92 Mill Stocks—see Textile Stocks— Mining Stocks 71 . Textile Stocks Title Joint Stock Land Bank— WILLIAM 94 Utility Bonds 81 Bonds Industrial Stocks. Insurance Public —93 92 ... Canadian 92 Bank Bonds Land Domestic 84 Exchange Seats Federal Pag© Municipal Bonds— Banks and Trust Companies— 1939 COMPANY, Street, Corner of 92 PUBLISHERS Spruce Street, New York m .ill) Jfofce gjeposit attd Jmst Ctf —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 gJINCE 1876 this Company has devoted itself exclusively to the management and conser¬ vation of of its It is estates—specializing the whole effort highly trained organization in this business. one country of the few which has trust never companies in the engaged in general banking, selling securities, etc. Its Directors are: Charles H. Babcock A. E. Duncan Edwin G. William L. Galvin Baetjer William G. Baker, Jr Robert Garrett Howard Bruce J. Edward Johnston George C. Cutler Blanchard Randall Lyman Delano Charles E. Rieman BANK/QUOTATION RECORD REQ. U. 3. OFFICE PAT. office of Librarian of Congress, Washington, D. C Office at New York, N. Y., under the Act of March 3, 1879 Copyright in 1939 by WILLIAM B. DANA COMPANY, In Entered Second Class Matter, March as VOL. 12 1928, at the Post NEW YORK, AUGUST 4, II Bank Quotation Record and July 11 to defer consideration of proposals to revise on the Neutrality Disappointed F The Bank and Quotation Record is one of the companion publication of the Commercial & Financial Chronicle and is issued monthly. Terms for the Chronicle are $18 per annum within the United and and States U. S. Possessions and Territories; $19.50 in Canada; $21.50 in South Central America, Spain, Mexico and Cuba, and $23 in other foreign countries. The subscription price to the Bank and Quotation a Record is $12.50 Single copies are sold at Postage outside of United States extra. year. $1.50 per copy. CHICAGO OFFICE—208 South LONDON OFFICE—Edwards WILLIAM La & B. Salle DANA Drapers' Gardens, E.O. until this "the next session of Congress." defeat, President Roosevelt dis¬ his formal of of the Neutrality Act. The message took the form of a brief presidential introduction indorsing and calling to Congress's attention a statement on the subject by Secretary Hull. The Secretary the first compulsory request the elimination for feature embargo arms State's statement said that those who insist embargo what COMPANY, Publishers, Act over special message to Congress on July 14 in which a made of Street. 1 Smith, patched he NO. 8 1939 in time of war are "urging not arms an on but neutrality might well result in actual unneutrality, the serious York predict." Declaring that the basis for his recommendations was the William Street corner Spruce Street. New "firm intention of REVIEW OF JULY—COMMERCIAL Beset AND ment, Congress turned independent again during the month under review, legislative with the program opened with favorable senatorial for action Administration's the The disrupted. action solid union which dealt the following revision of neutrality action the on Labor Hatch bill, to "pernicious prevent activities." Reduced in Congress. without President's the self-liquidating new projects, spending-lending scheme. Enacted Congress by President accepted this defeat but not The his usual Extending President's Monetary The strictures. President told re¬ this session was a definite blow to increased the probability of war. at and recovery Disposing of rumors that he wTould go to the country with neutrality fight, the President told the reporters that until January except to pray awfully hard that there would not be another crisis in Europe. He could lie do nothing added that the country understood and thoroughly that the Sen¬ responsibility for its refusal to adopt "cash ate assumed full Measure on porters on July 21 that the Senate's refusal to revise neu¬ his favorable thumbs down neutrality legislation this session was called by the Presi¬ dent wrhen his message did not produce the desired reaction business this session. at The White House confer¬ purchasers. Senate leaders turned the trality legislation legislation Obtained passage of a House resolution to investigate the National political Congress May 27. It was headed by the recom¬ that goods exported from the United States to belligerent countries shall be preceded by the transfer of which Relations Board. Obtained sented to the foreign adverse for neutrality revision which he pre¬ mendation at how¬ The Secretary reiterated partisan debate. program to to the Administration: Killed of title the Republicans and conservative Democrats formed rather six-point ence Subsequently, powers. his of the conference report renew¬ on subject month Deal in the form New the ing the President's monetary ever, a that badly was victory a result urged that the neutrality proposals be not made the by the Washington heat and the desire for adjourn¬ no one can keeping this country from being drawn into war," Secre¬ tary Hull EVENTS FINANCIAL "which consequences of carry" neutrality legislation. Powers The time the July 4 week-end reassemble to the Administration sufficient gave its shattered forces and drive through Senate the conference report which renewed the Presi¬ dent's power further to devalue the dollar, extended the op¬ erations of the $2,000,000,000 stabilization fund, continued foreign purchases higher a 64.64c.) price of silver, (71.11c. for silver. report June on and the gave instead the of silver in the Senate Senators previous The House had passed 30, but Republicans "filibustered" crats President's Self-Liquidating Loan Program and price this conference "purged" Demo¬ the early hours until of of July 1, thus permitting the President's monetary powers to $3,860,000,000 self-liquidating loan pro¬ gram evinced little enthusiasm in Congress, and the con¬ servative Democrat-Republican coalition had little diffi¬ culty in paring it down in committee. The bill was intro¬ duced in both houses on July 10 with the total reduced $260,000,000. Because of the hostile reception which greeted it, the President's proposal for authorizing $500,000,000 in foreign credits was deleted in the measure that went to Congress. This deletion was replaced by the proposal for increasing the lending authorization of the Export-Import Bank from $100,000,000 to $200,000,000. This change and the inclusion in the bill of $140,000,000 already appropriated electrification expire. Prior to June 30 the Administration expressed the for rural opinion that the difference of if the powers midnight June 30 deadline, needed action to restore them. on were not renewed entirely an After the before bill new be forestalled however, the Administration reversed its opinion and sought a favorable vote in the Senate the conference report. on July 5, the vote being 43 to 39 for passage. signed the bill July 6. of the law In as This came on The President much as the constitutionality renewing the monetary powers after they had expired appeared questionable, the President had requested from the Attorney General Murphy provisions of the plish their purpose bill enacted if June 30, 1939," and an the Attorney President's June General control an opinion would "be into over July 6. the after was result is that provided for in the bill presented to Con¬ Another Republican and conservative Democrat coalition, this time in the Senate Banking and Currency Committee, was successful on July 21 in reducing the pro¬ to accom¬ by an additional $310,000,000. The committee voted toll roads, highways and bridges from $750,000,000 to $500,000,000 and the proposed lending authority for railroad equipment purchases from gram reduce the proposed outlay for to $500,000,000 to $250,000,000; but it added $90,000,000 for reclamation projects in the West. The Senate voted to cut the $500,000,000 highway fund from the bill on July 28, and at the same time eliminated the provision to make loans of $350,000,000 to railroads for equipment. The Senate law The dollar to whether as sufficient affirmative view on and gram and farm tenant loans constituted $260,000,000 between the President's pro¬ gress. Senate had the renewal bill until after June 30, would the of $3,860,000,000 President's The midnight expressed is that continued by the until in the half bill the July 31, but cut, however, total amount sought by the on President, the measure as adopted by the Senate proposing a total of $1,615,000,000. Senate committee, 25, but 30, 1941. passed practically on The bill, favorably reported by the on July July 22, got to the Senate floor the other side of the Capitol it got tied up in the Rules Committee, where a rather complex legislative situa¬ Defeat of Action on Neutrality Senate leaders of both his Legislation own party told the President on July * no senatorial action on at Present Session party and the Republican IS that he could expect the neutrality bill at this session. After the House had voted June 30, by 200 to 188, to force into the neutrality bill practically the same automatic arms embargo which President Roosevelt and Secretary of State Hull had opposed, the measure was sent to the Senate. There the Senate Foreign Relations Committee voted 12 to ♦ tion had developed. Representative member of the Rules Committee, was Cox, a Democratic interested in getting Administration-opposed measure, the Barden wage-hour amendments, out of his committee, but needed the help of an the Republican members. The Repupblican members re¬ portedly threatened not to report the Barden amendments unless Representative Cox ceased his efforts to get the Administration's spending-lending proposals to the floor. The Rules tween Committee called both factions of a conference on July 27 be¬ oganized labor and representatives / MONTHLY EEYIEW 2 in business of resolve the difficulties over on the lending it was planned in the House on Aug. 1. attempt to an wage-hour amendments. The House action bill was delayed, however, and on July 28 call to the measure up $1,755,000,000 Relief of Enactment $1,755,000,004 relief appropriation bill, the Meanwhile President's signature on June 30, created serious difficulties among relief workers throughout the country and stimulated a movement for amending the appropriation bill which contains many re¬ strictive features on the activities of the Work Projects Administration. The provision in the law abolishing the the with law became which previously existing prevailing wage method of paying workers led to strikes of fairly serious proportions on WPA WPA unions ordered their members to month at less than The strikes resulted in the dismissal of about 10,000 workers who stayed away'from their projects more than five days. In the face of this, the President main¬ tained a firm attitude and permitted reporters to quote him on July 14 that "you cannot strike against the Govern¬ ment." A. F. of L. unions threatened strikes on private building projects in sympathy with relief workers, but with¬ held action until the Justice Department rendered the Presi¬ dent an opinion on a compromise plan which the union offered. The plan called for continuation of prevailing wages on all those projects which had been started before the new law was passed and the institution of the 130hour-a-month provision only on new projects. Additional dissatisfaction among WPA workers was manifested with the provision of the law which requires the Administrator to drop for 30 days, with but a few exemptions, all those who have been on the rolls for 18 months or more. Colonel Harrington, WPA Administrator, said on July 12 that about 650,000 workers will be dropped by Sept. 1 to conform to A. projects. of L. F. work 130 hours a rather than strike union wages. . Legislation rule. 18-niontli this visions of the 1940 Relief the considered being its possibilities of repealing these two pro¬ Act was introduced July 10, but session this at expected adjournment date, neared. On July 29 Colonel Harrington notified all State work relief Administrators to discontinue the dismissal of diminished Aug. t5, as the employed 18 months or more on Work Projects Ad¬ ministration projects pending final congressional action on the proposal to modify the Relief Act's requirements. persons Hatch Passes Bill to Prevent "Pernicious Political Activities" Activities" is the received sub¬ endorsement in both houses of Congress. It was "An Act to Prevent Pernicious Political stantial the of title official bill Hatch which has approved by the Senate without a record vote on July 21 and was sent to the White House for President Roosevelt's (April 13) adopted the measure in a slightly different form, but on July 21 it concurred in minor House amendments contained in the bill as passed by the House, July 20. the bill was endorsed While dent a earlier Senate The signature. rebuke year "in principal" by the Presi¬ Administration the to the its passage at this time is time ago, some in because considered the of rigid re¬ Federal employees. The bill bars rank and file employees from being delegates to political conventions, thus ostensibly lessening strictions it imposes control President's the the political activities of on the 1940 Democratic over The original Convention. National Hatch bill, passed by the Senate mainly against the use of relief The House Judiciary Com¬ mittee reported a bill which contained no deterrents of im¬ portance to political activities by office holders, but during the course of 13 hours of debate on the measure in the April 13, funds for political The House amendment (Section 9), which is the of the measure, by a vote of 243 to 117. This amend¬ makes it unlawful for any person employed in the July 20 passed meat ment an executive branch authority of a to purposes. "teeth" were inserted in the measure. House, on directed was or primary be or any agency thereof to use his official influence to interfere with or affect the result or selected election at which nominees or officials are the offices of President, Vice-President, vides that member of Congress. It further pro¬ "no officer or employee in the executive branch shall any take active part in political campaigns." the bill obvious passed in was aid of the 'House on July 20. With the Garner, a concurring vote Vice-President quickly obtained in the Senate July 21, despite attempts of Administration leaders to send it to conference for tam¬ was unions, and lengthy hearings by the failed to produce satisfactory recommendations for amending the law. The inquiry reso¬ lution, which was introduced by Representative Howard W. Smith, Democrat of Virginia, empowers a five-man committee to investigate and report appropriate legislation both "increasing or decreasing disputes between employer upon increasing or decreasing employment, upon the general economic condition of the country. employee, and Amendments press workers ceivable poses what there was a real problem involved In addition to the restrictions on Govern¬ conference that in the measure. ment indicating direct already mentioned, the bill bans every con¬ or indirect use of relief for and provides penalties for violations. political pur¬ Senator Hatch, Social Security Act Passed by Senate to Before the Senate ments amend¬ pensions obtained passed the Social Security Act July 13, proponents of increased on the Federal Gov¬ annually. This amendment provides that the Federal Government put up $10 for the first $5 put up by a State and another $10 for another $10 spent by a State, thus providing a $35 pension of which the Federal Government would supply of an amendment which raises contributions, by $80,000,000 passage ernment's amendment was adopted, Another half. than more how¬ this victory of high-pension advocates. This second amendment provides that if' any State does not contribute a minimum of $10 each per month to its pensioners, it would receive no Fed¬ ever, which serves to nullify to some extent eral assistance the under The program. of effect this upward their own pension payments. Another Senate amendment would cover into the pension system a large number of persons who otherwise could not have qualified because amendment is to require all but 17 States to revise and at birthdays fell in the intermediate years their 65tli a time when their pension prior earnings could not be com¬ puted as sufficient to entitle them to pensions. Because the Senate version differed in a number of important respects of the House bill passed June 10, the The amendments to the Act have been undertaken at this session to relieve business of taxes which would have otherwise been imposed under bill the provisions sent was current conference. to and law, 1,100,000 benefits broaden to A in to take about more persons. Congress Passes and President Signs Bill break in the deadlock Amending Act Creating TVA conference on the in the bill issue bonds for purchasing the properties of the Tennessee Electric properties in three Southern States came on July 11, and the compromise bill, after approval by the House and Sen¬ ate, was signed by the President on July 26. The compro¬ authorizing the Tennessee Valley Authority to mise reduced the bond issuing authority to $61,500,000 from $100,000,000 proposed by the Senate and the $65,000,000 approved by the House. It also eliminated the restrictions on the operations of the TVA which the House had written into the bill, but at the same time it included restrictions on the uses to which the bond authorization could be put. the The conference report was approved by the House on 208 to 145 vote, and in the Senate on the same day without a record vote. Because of Congress's delay in passing the bond authorization, the deadline for consummation of the Tennessee Electric Power contract July 14 by a Wendell L. Corp. (parent of the Tennessee Electric Power Co.), was able to announce that the parties to the original contract had reached an agreement under which the transfer of the properties will be effective Aug. 15, the price of $78,600,000 expired June on On 30. July 18, however, Willkie, President of the Commonwealth & Southern remaining unchanged. Other Some cluded The is other House disclosure of Congress unanimously passed, July 19, protect buyers to of the adopted were Congressional Activities activities during the month in¬ : designed provisions of of the Trust-Indenture bill which bonds and other securities trust indentures. through full The House amendments by the Senate July 21. providing Government insurance of appraised farm value as a means of enabling tenants to purchase farms, but limited insurance outstanding at The farm any Senate passed mortgages The tions to on July 6 a bill 100% of the time at $350,000,000. one bers of not the President said on July 25 been fair and upon and July 28 the President, is said to have declared himself in favor of the objectives of the bill, but to have added at a Although was, points as whether the Board has impartial in its conduct, decisions and interpretation of the law, and what effect, if any, the Wagner Act has had order down. Committee Labor such on and employers his personal that the bill might involve a constitutional question as to the freedom of speech of Government workers prohibited by its terms from affecting the outcome of political elections. On ing opinion investigate the the National House With Republicans voting practically solidly for the measure and a substantial bloc of Democrats coming to their aid, to Board, the House found an effec¬ of the task of seeking satisfactory amendments Labor Relations Act at this session. The activities of the Board have been subject to criticism from or the July 20 on tive way out to for presidential elector 134 to National Labor Relations from Congress 2o4 voting By Voted by House of NLRB Investigation Projects WPA on holding local office. bar them from Appropriation Measure—Strikes he will seek nearby Mary¬ which would reported on July 24, has indicated that it was exemption for Federal employees residing in land and Virginia from a clause in the bill Senate and to passed court curb on appeals July 18 the Logan bill which standardizes from legislative and dozens of judicial regula¬ independent Federal agencies in authority which they frequently exercise. of Federal Civil Service section permitting mem¬ had been deleted. The elimination of the provision was approved by a teller vote of 119 to 73. On July. 21 the Senate, by a vote of 48 to 23, passed a bill designed to protect producers, manufacturers, distributors and consumers from the unrevealed presence of "substitutes and mixtures" of wool products. The measure requires that fabricated articles containing wool bear labels show¬ ing exact fiber contents. A similar bill is pending in the House, where A bill workers changing the compulsory retirement age was passed by the House July 14, after a Congress to participate in the retirement system MONTHLY REVIEW Aug., 1939] it favorably waa reported by 14 June on Commerce Com¬ Interstate the mittee. On of Agriculture's control contained was Senate passed July 25 the Roosevelt to Senate House. Senate bill authorizing President a district judges. approval, obtained without a record vote, sent the measure to the The House of Representatives on July 17 adopted and sent to the the Lanham bill, designed to coordinate and codify the Nation's appoint two additional circuit judges and six new patent June 30. of Roosevelt President Orders Federal Agencies amendment. Roosevelt agencies be to prepared 27 July on directed meet to Federal in the the emergency any The Secretary, Stephen Early, sent the following memorandum to the Secretaries of Agriculture and the Interior, the Work Projects Administrator and the drought-stricken President, Civilian of areas through States. Northeastern the his Conservation Corps Director: official and unofficial reports of the damage in the States affected by the present drought damages to crops and timberlands and to the danger of low water The has President asked invite to me attention your to President The and the that asks that Federal be conditions these agencies all possible render to observed thoroughly most in the event of an be prepared emergency assistance. followed indicated. section Roosevelt on signed July 20 a bill eliminating on which amends the Second Liberty Bond Act, The measure, restriction of does not change the maximum amended, $45,000,000,000 on the total national indebtedness. Final congressional action on the bill came on July 14 when the Senate receded from its amendments which the House had disagreed to the The bill was passed by the The amendment day. same House May 23 and by the Senate June 1. which the Senate adopted on June 1, and which was finally in the form of a rider authorizing the Ten¬ nessee Valley Authority to issue $100,000,000 bonds. The Senate agreed to eliminate the amendment July 14, in as dropped, much was as conference a report on independent TVA bill an voted. was and Mrs. N. for site 12 tion systems, carriers, aviation, except for the first passed by the Senate was brings domestic and under the jurisdiction time, Interstate Commerce Commission. While D. Roosevelt the of Roosevelt estate Library. The as the signing in is now is required Europe, before the On this tract of $350,000 library building, to be financed by private a subscription erected to maintained and Government cost, at President's the house official will be the 'question to compromise the differences before adjournment. The bill passed the House defeating July 26 without a record vote, on bipartisan drive to exempt water a lines. Senate Approves Cotton Insurance The Senate cotton Senate Crop was Bankhead-Jones the farmers insurance crop includes Corporation by maintenance under the which came after several hours' debate, the House refused by a roll-call vote of 219 to 132 to recommit the resolution with instructions that provision be made to limit the cost of maintaining the library by the Government to passage, $12,000 July a The resolution was by signed the President on Roosevelt President Chandler Signs Bill to Facilitate Railroad Reorganizations—Action Follows Adoption of Conference Report by Congress later. is supposed to operate without cost to the Resolution Passes On CCC Power Giving of United States the for arrangements of exchange the surplus rubber, under the so- called barter agreement between the two countries signed at on June 23. tion, to adopted by the Senate was of surplus cotton producers which will be 85,000 tons of British rubber. The Senate, title take holds under it Legislation July 6 permitting the Government, through the Corpora¬ on the 600,000 bales to loans traded for about advanced to Byrnes bill, was amended by the House Banking and Cur¬ or Committee to prevent the removal of only so much rency from interior warehouses to maritime ports as cotton be necessary may fulfill the contract for delivery under the to exchange agreement. on Bill to Prevent Interlocking Bank Directorates Both the Senate and House agreed on July 24 to the con¬ ference report 1935 the directors from of the bill postponing the effective date of on Act Banking serving bank. effective date for The Under the existing effective come or as directors conference report period of four years, a Aug. officers and System the Federal Reserve private bankers as other any prohibiting provision of member banks of or or officers extends the to Feb. 1, 1943. law this prohibition would have be¬ 1939. 1, The Senate bill, passed on proposed an extension until Feb. 1, 1944, while the House on July 17 passed a bill fixing the effective date as Feb. 1, 1911. . Without a (Democrat) motion by conference the bill was alien adopted by the Senate on July 25, The bill amends the Bank¬ ruptcy Act of 1938 relating to the bankruptcy of railroads. Roosevelt President Adjustment Act of Bills Several Signs 1938—Affect Amending Wheat and Agricultural Corn Marketing Quotas and Extend Wheat and Cotton Acreage Limitations of Virginia. a which have( been introduced at the present ses¬ The bill is designed to ban those aliens bills advocate who overthrow of the amendments the Associated Press, July 27, said: amendments: Postpone referendum from on corn market late August to late marketing corn September the date for holding indefinitely Extend indefinitely the the to the 55,000,000-acre1 minimum 10,000,000-bale minimum is in effect. allotment for wheat. in establishing cotton guilty broken on amendments July 27 when it ap¬ proved for floor consideration the original Administration bill but ruled that conflicting versions by Representatives amendments. on and was Robert on Ramspeck must be considered United Press dispatches from Washington July 27, in reporting this, added, in part: The three 1. compromise, which in effect separate bills The to the was Administration surrender, sends an floor: Administration-approved changes introduced by Representative Mary T. Norton (Dem., N. J.), Chairman of the House Labor Committee, acreage. which One of the amendments enacted is minimum reducing in House Rules Committee WTage-Hour Act Graham Barden and wheat growers who plant within their acreage allotment Extend those Bill Amending Wage-Hour Law The deadlock as quota Government, turpitude, and those who become public charges within five years after entry. a quotas. their entire crop without penalty when a the of moral of Rules Commtitee Approves for House Consideration Administration's keting quota provisions and extending acreage limitations. nature The bill, it is stated, em¬ more than 100 anti- drastic provisions of sion of Congress. 26 President Roosevelt signed four amendments to the Agricultural Adjustment Act of 1938, modifying mar¬ the an Smith After the adoption of the bill a Marcantonio to recommit it to vote of 272 to 48. most On July Indicating July 29 passed Representative by sponsored the House Committee on the Judiciary was rejected by the the by the House on July 27. vote, the House on bill by Representative House on A ing Overthrow of Government record anti-alien omnibus bodies the Exchange Rubber July 27 the House passed the resolution designed to facilitate May 29 the Senate passed the bill in amended compromise measure was approved by Senate and House conferees on July 24, and in the form agreed on in bill, and Permit Effect to Cotton for British House Passes Omnibus Anti-Alien Bill—Would Ban Aliens Advocat- Both the Senate and House, the same week, adopted the conference report on the Chandler bill to facilitate the voluntary reorganiza¬ tions of railroads; on April 17 last the House passed the to of propriated for the first wheat program. House signing by President Roosevelt on July 28. The study Government, except that the Department of Agriculture is receive an appropriation to finance the administrative operations required. The measure as passed • authorized $6,000,000 in this purpose, a like amount having been ap¬ The Chandler rail bill has been enacted into law, with its and Federal the special a June 19, July 18. form. directs make to to Final action by the Senate was completed year. 14. already The bill as passed by the insurance program The program of vote a form the which amendment an Insurance which extends bill, in tobacco to determine whether it would be feasible to include it approved by 13, July on of Program to Studied July 19 approved and sent to the House op consideration to Bill—Extension Growers Congress Agrees to Conference Report for the establishment and the Senate on April 20; the of 221 to 124, passed with minor amendments the Senate-approved resolution. Before library House similar measure a May 25, the House made so on documents' and manuscripts. The resolution water of the many changes in the Senate-approved measure before pass¬ ing it that Senator Wheeler stated that it was out of the London on Government obtains full title to the land. land Hyde Park by the President's mother, Mrs. Sara Delano who Roosevelt, acres Franklin the of another deed at July 25, President deed transferring to the Fed¬ Hyde Park, N. Y., Roosevelt signed a Government eral of Library Y., to Federal Government At their home in and Mrs. Deed Site Roosevelt Water Congress Had Urged by President Roosevelt stocks of American cotton for British President Placing by of ICC—Action made available to wheat growers. $30,000,000,000 limitation of outstanding Federal bonds. the as Limit as Government Bonds Outstanding President $30,000,000,000 Bill Transportation on July 26 passed the Wlieeler-Lea transporta¬ bill, which coordinates the regulation of all transporta¬ tion for President Roosevelt Signs Bill Removing Senate the to been 12,000,000 The House 27-day drought in the a agreed heretofore had Jurisdiction Tobacco President's action The 18 July on Wheeler-Lea Under after narrowly supplies, said to be growing more acute daily. May 22 had stipulated a minimum on but The minimum Passes Carriers Been Emergency in Drought-Stricken Regions of Northeast President bales, The 10,000,000 limitation passed by the Senate on program. resolution the bales. for Prepare to in The House 11,500,000 House laws. 3 allotments to not for less than 10,000,000 a cotton, resolution extending the new legislation bales the Department call white-collar 2. The 2,000,000 for exemptions workers earning of certain $200 or categories more Roosevelt-condemned Barden agricultural products processors a and of workers, including month. amendments which would exempt other seasonal workers. MONTHLY REVIEW 4 amendments which are non-controversial in nature and changes approved by Mrs. Norton's committee earlier The Ramspeck 3. similar are four to three Representative Eugene E. Cox (Dem., Ga.), leader of an anti-New Deal which successfully blocked a rule to send the Norton bill to the coalition with ban a amendments, said that the committee vote was "over¬ on whelming." compromise in the matter of so-called wage and hour law (the Fair Labor Standards Act) acceptable to the Administration and With view to effecting a a North Carolina, named able Representative Barden (Democrat) of the House Labor Committee on July 19 by led group subcommittee of five to work out changes agree¬ a Amendments to the bill have been Labor Committees since the latter factions. both to before Senate and House nearly two months ago (June 7) the House, by a vote of 167 to 110, refused to suspend the rules to consider revisions recommended by the Administration. On July 11 Representative Barden introduced a series of part of March, and substitute for the Administra¬ amendments to the law as a tion-sponsored changes of Representative Mary T. Norton. Criticism of the Barden amendments came from Presi¬ dent Roosevelt from the July 18; these amendments wTould exempt on of the Act employees in provisions processing activities. Criticism the against lodged also was agricultural : Barden amend¬ ments by Wage-and-Hour Administrator Andrews, who indi¬ cated July 20 that he was opposed to exempting "white earning $200 or more a month from the on collar" workers of provisions although law, the he had previously ex¬ pressed himself as favoring such exemption. Senate Amendments Approves amendments July 17, without a record vote, approved on the to requiring the hold¬ $4,000 to Walsh-Healy law, minimum standards and wage standards hours apply only to contracts over to sent established Under the present law wage and hour under the statute. was $10,000.| The meas¬ the House for concurrence, but there ap¬ doubt in the minds of some Senators as to peared to be whether the House would act it at the present session. on President Roosevelt Nominates W. J. Patterson to ICC Roosevelt President Patterson Dakota nominated become to Commission The member a for the of term a confirmed Senate J. expiring nomination the of is now of director Commission's the He was chosen to fill a position for which the President originally selected Thomas R. Amlie, Safety. former Wisconsin H. Jones Progressive Representative. Resigns Administrator—Emil President Roosevelt II. Jesse Jones as as RFC Head to Become Federal Loan on RFC New Named Schram Chairman July 18 accepted the resignation Chairman of Reconstruction the Fi¬ Corporation, which was submitted in order that Mr. Jones might take over his new duties as Federal Loan Administrator. In a letter accepting the resignation as nance head of the was RFC, Mr. Roosevelt said that the RFC's record vindication of the good sense of a majority of Amer¬ a icans and! showed their confidence in the "ability of honest government to cope with difficult situations which have not been solved letter to entire efforts." by wholly private the President, than sufficient to pay the limit of 61. age unanimously approved a bill endors¬ Congress on July 26 ing the award of the Distinguished Service Medal to Ad¬ miral Yarnell in recognition of his work in the Far East. with Dealers, Inc., Files Application Under Moloney Act of Security Association National SEC for Registration Security Dealers, Inc., for¬ Conference, Inc., filed an appli¬ and Exchange Commission on July 20 for registration as a national securities association under the Maloney amendment to the Securities Exchange Act of 1934. This is the first application for registration to be filed under the Maloney Act, which provides for the organization and registration of one or more associations of over-the-counter brokers and dealers for the purpose of effectuating a program of cooperative regulation. A public hearing on the application was scheduled for Aug. 1. Association of National The merly Investment Bankers cation with the Secrities Court District Federal Court M. James Judge Washington in Is Not Anti-Trust Act of the United Proctor Anti-Trust Act could Against American "Trade" Within Indictment Dismisses Association—Rules Medicine Medical States District July 26 ruled that the Sherman the practice of medicine. on not apply to opinion was issued in dismissing the indictment in Department of Justice charged that the American Medical Association and fellow defendants restrained the His which the "trade" Health, Inc., a cooperative health organ¬ of Columbia. The indictment was of Group District the in ization Federal grand jury in Washington, D. C., handed down by a Judge Proctor on July 26 held that, in 20, 1938. Dec. on William the United of Commander Yarnell, turned over his command July 25 to Admiral Thomas C. Hart in Shanghai. Admiral Yarnell will retire in October, when he reaches the active service opinion, medical practice is not a meaning of the Anti-Trust Act. "trade" within the Court of Appeals Sustains Right of Lower Tribunals to his York New Unions from Picketing—Ruling in Enjoin Co. Busch Jewelry , Patterson Jesse E. Case July 27. Bureau 20 July on Commerce 1945. 31, Mr. North of Interstate Dec. Him Harry Asiatic fleet, States Government Government contracts involving more than of observe of Succeeds Admiral East Award—Admiral Hart Head of United States Fleet in Far as Votes Distinguished Service —Congress Meaning of Sherman Senate The Yamell Retires Admiral More or ure Walsh-Healy Law, Extending Contracts of $4,000 to Requirements to Wage-Hour ers Government He will have executive control over the Social Security Board, Civilian Conservation Corps, the National Youth Administration, the office of Education, and the Public Health Service. Mr. McNutt was sworn into office on July 13 at the office of the Surgeon General. amendments to the the agencies created under a plan for new reorganization. today. floor 12, will head one of confirmed by the Senate on July was said that RFC Jones, Mr. assets were in a more all debts and return to the Treasury The New York State Court of Appeals on the July 11 upheld right of State courts to enjoin labor unions from dis¬ picketing. The decision sustained the Appellate Division in upholding an injunction issued by the late Justice Salvatore A. Cotillo of the State Supreme Court in orderly Employees Union, Industrial Organ¬ izations, from picketing stores of the Busch Jewelry Co. in June, 1938, enjoining the United Retail Local 830, an affiliate of the Congress of New York City. County Harlan (Ky.) Coal Strike Settled Major differences between union miners and coal ors waived were operat¬ 19, to bring peace again to Harlan July After conferring with Federal conciliators at for five days, representatives of the United Mine Workers and the Harlan County Coal Oper¬ County, Ky. Knoxville, ators until the Tenn., Association adopted only seven-point agreement to run a The Harlan County operators were March 31, 1941. 13, the "union Lewis's union, in which did not sign on May ones something in ad¬ dition." Emil Schram, member of the Board of Directors of the RFC, wTas named Chairman to succeed Mr. Jones. order to end the nation-wide strike in James L. Fly Named to Succeed Frank R. McNinch said: stock invested, capital President Roosevelt nomination of James sent L. Senate the to as Member of FCC July 27 on the a the Federal McNinch, of ill health. member of ings who the has term submitted was of Mr. his named for resignation because the remainder the of McNinch has been Chairman of the FCC Roosevelt Nominates missioner Francis B. Francis to B. Mr. since the fall 1937 and it is said Mr. Fly will become the new President seven-year McNinch, which will expire July 1, 1942. Sayre as of Chairman. High Com¬ Assistant points V. McNutt, who resigned to become Federal Security Administrator. Mr. Sayre has been Assistant Sec¬ retary of State since November, 1933, in charge of Secre¬ tary Hull's reciprocal trade agreement program. Mr. Say re's nomination was confirmed July 29. President Appoints Roosevelt Commissioner to Paul V. McNutt Philippines Is as Head of FSA— Named Chief of New Federal V. McNutt, American High Commissioner to former Governor of Harlan, Ky., eviction proceed¬ miners. in the exclusive agreement were bargaining agent Indiana, whose on Queens internal for Tunnel and Delaware Aqueduct End nomination differences union had been * submitted to work on the Queens- (New York City) tunnel and the Delaware aque¬ duct in Westchester County, N. Y.) were ended July 18. The union dissension was between Local 147 and Local 60 Midtown of which project. The 2,000 men employed on the tunnel project and some 3,000 workers idle on the aqueduct job returned to work of the Compressed Air Workers July 19. in 60 turned both • Cotton With Union, jurisdiction over workers on the aqueduct claimed the Philippine Islands, was nominated on July 11 by President Roosevelt to be Federal Security Administrator. Mr. McNutt, from "union shop" and the operators arbitration, the strikes that had tied up on Agency Paul as After by President Roosevelt succeed Paul a effect since April 1. Association Strikes Sayre, demand for 19 Philippines Secretary of State, was on July 26 to be Amer¬ ican High Commissioner to the Philippine Islands. He will nominated its on July recognition of the United Mine all employees of members of except exempted classes; submission to an arbitration board of disputes arising over the collection of union dues which cannot be settled otherwise; agreement by the Association in good faith to co¬ operate with the union in securing convenient and adequate meeting places for the local unions, and immediate return to work of all employees to their respective mines without discrimination or prejudice, no new em-, ployees to be hired until all old employees have an opportunity to work. Other Workers Fly all of L. penalty" clause and agreed to dismiss "strike the against Communications Commission succeeding Frank R. Mr. receded union John by advices Press Associated waived demanded contract shop" The Fly, General Counsel of the Ten¬ Valley Authority, to be nessee "with years, on Subsidy ' levels Secretary of Agriculture Henry A. Wallace exports July of American cotton at their lowest 22 to the subsidy method of stimulating the of outflow He announced that ex¬ would be subsidized to the pound for i^w cotton, and from lc. to of extent stocks. surplus July 27, beginning on ports, l%c. a pound for cotton fabrics. The program resembles the wheat bounty which was applied last year in order to cover the errors made in that field. In announcing the 2.10c. a subsidy Mr. Wallace reserved the right to change the rate of expressly He payments. repudiated intention any of precipitating mutually injurious price competition for world markets, and declared that the United States "has no inten¬ tion of seeking has the traditional position which this country The offset existing price disparities and maintain American cotton in a competitive position. The hope was expressed that the need for subsidy payments will prove temporary. The Sec¬ retary made it plain that he looks hopefully toward the coming international cotton conference, in which he saw the possibility of an effective and equitable agreement. "I am certain that the United States will do all in its power to in occupied bounty is the designed, bring about such markets of cotton according world. the Wallace, Mr. to to serve the intended purposes. It was also added, however, that the step was decided upon "with a view to better safeguarding and promoting American interests as new developments may require." This phrase quite obvi¬ ously conveys the real sense of the Administration action. As though to dispel goods are under study, along with gold and silver from Japan. The For the second within time three United the the countervailing duty authority in apparent protection against subsidized exports from other was to the reached. the of the United States, before the silk components of to are of mum of estimated to the deposit and yarns materials. the cover duties, and after adjustment of adjustment will be made. The the component sums Im¬ maxi¬ the silk previous of countervailing duties was announced last April, when general 25% increase on all dutiable German wares was indicated. The Washington adopting thought has been expressed unofficially, in that the Roosevelt Administration is reports, such measures aggressor States. economic as "sanctions" aganist In view of the denunciation of the United States, trade treaty with Japan, this possibility apparently be reckoned with, although the steps in every case must well were the is based. If the reports have purely protective function being distorted into cal pressure, validity, any then of the countervailing duties instrument of international politi¬ an which easily might entail repercussions of a disastrous nature. be that the steps have the approval of the; American people, there is no evidence of that. The circumstance must be emphasized resentment within United the States against being course taken by aggressive Japan against the pacifically inclined Chinese people occasioned a step in Washington on July 26 which is of the gravest importance. The Roosevelt Administration suddenly notified Japan that the trade treaty of 1911 is to lapse in six months, being the period for a denunciation to become Roosevelt that effective. This step notwithstanding the fact that our entanglements, turned be out are censorship, China exceed This our stronger and were applied a might be short measures mere notified of words." war, German "economic merchandise The of inci¬ sanction." It is In Japanese cause. were said to be study¬ United States, if discrimination develops when the treaty economic retaliation of means against the actually lapses. Far In East some respects the Far Eastern situation overshadowed, in July, the Danzig crisis of the European democracies and dictatorships. pacific nificant and The China most lated developments important as unquestionably indicated previously in careful British be must Japan this foreign policy a study. tendency The to highly recorded. The is House of Commons changed, to credit Tokio that which deserves the move, development is that of a with Japanese demands at on Prime before Anglo-Japanese conversations in July 21, in agreement declaration bears policy statement. on This review, clearly July 24 that British policy has experts are not inclined on but foreign resulted, de¬ regu¬ second comply not sig¬ first American the Tientsin, and for that matter in China generally. Minister Neville Chamberlain insisted in a speech the and but two on the character of most aggressive briskly, July 26 of the trade treaty which has commercial relations with Japan since 1911. our step, between war continued was new nunciation which announced was to a as prelimi¬ London in and July 24. Although Mr. Chamberlain insisted that the declaration does not impair Great Britain's right to extend financial aid to China, it is altogether obvious that most decided loss a the tion over lack a of "face" This occurrence. of also in is the Far East indicated by must follow British irrita¬ prior knowledge about Washington's of the United States-Japanese trade treaty. London dispatches stated, in the closing days of July, that denunciation Great Britain Tokio In the Neville would never conversations declaration, Chamberlain made intimations the had concessions of been available Prime Minister measure. announced as in have if London, the by British Government "fully recognize the actual situation in China, where hos¬ tilities obvious, how¬ long a large scale are in progress, and note that as that state of affairs continues to exist the Japanese on as forces serious, for of Foreign Relations Committee was possible ever, ate and ing all silks that the step now taken against Japan is far more the surrounding circumstances made it quite clear that a sharp rebuff to Tokio was intended. The Sen¬ reported fully natqral, for British inter¬ by tenfold, and the action in appreciated, and the authorities there Italian and all official circles the unfriendly nature of the action was fully but impression, moreover, that countervailing on of sort nations "many effective than more dent bolsters the duties by for is own concerning the American aggressor last venture into foreign utterly disastrous Washington will tend to aid the British proclaimed that to the news was universally acclaimed. ests in the opinion are kind of crusade a Foreign reactions to the latest American step developing. In Great Britain, where there is no plainly is an outgrowth of the thought expressed in the President's message to Congress on Jan. 5, when he American associates his and against aggressor nations of the present moment of history, Tokio American-Japanese Relations Mounting Mr. that leading the United States willy-nilly into nary the the Roosevelt Ad¬ by but use a taken thus remain decision The extra import duties are to become effec¬ 13, and they will be assessed in accordance with precise porters to be added, according bounty or subsidy paid by the Italian shippers. According to Washington dis¬ investigation was made in Italy by commercial an tive Aug. importations from Italy, it to representatives was silk extra impost is an amount Government patches On countries. announced, action possible embargo on a "short of war," but there is no denying the gravity of the measures and the dangers of American involvement in the Far Eastern, conflict. It may official months of course ministration may still Countervailing Duties States Treasury on July 5 utilized lingering doubts in Japan, Secre¬ any tary of the Treasury Henry Morgenthau Jr. made it clear on July 27 that countervailing duty penalties on Japanese concerned. agreement," Mr. Wallace said. an will better exports than its fair share of cotton more measured by as 5 MONTHLY REVIEW Aug., 1939] in China have safeguarding their special requirements for the purpose own security and maintaining public order in the regions under their control, and that they have to suppress or remove such causes or acts as will obstruct was considering a resolu¬ Senator Pittman, Chairman of the group, embargo on shipments of all war materials to Japan, when the State Department stepped into the matter and notified Japan of the abrogation of the commercial accord. Such abrogation is a necessary preliminary to the kind of embargo contemplated in the Pittman resolution, which the above-mentioned objects by the Japanese forces, and they will take this opportunity to confirm their policy in this respect by making it plain to British authorities and thus British tion presented by them for further stated that an stood revealed as an Administration measure. benefit or ing any acts their measures or nationals in The situation in the Far East also indicates clearly that the economic measure clothes a political move against the such Japanese Government and the military faction of that coun¬ try which has been waking an undeclared war against China for more than two In years. Tokio conversations between British and Japanese representatives tsin question, which a on the Tien¬ preliminary principles have been laid down compromise the British position in the Far East to degree. While the Japanese were rejoicing about grave and The mere statement foreword Tientsin are their fresh "victory" over the British and were preparing for steps against foreign interests in China, Secretary of State Cordell Hull exploded his bombshell of the treaty blockade denunciation. intrigues. it Japan will The incident is significant also in the sense end abruptly a propaganda campaign within which misled the people there into the belief that the United States did not view in incursions Needless to of Japanese say, an militarists correct forms were unfriendly on manner the Chinese territory. observed in the abro¬ gation of the pact, the action being attributed in the note to Japan to a desire to amend such documents so that they it British Government countenanc¬ that they should Whether ultimately may this mean refrain from declaration remains will for the For the time being it should be noted that the declaration conforms to the Japanese requirement for generalities before specific matters are considered. to by Prime, the Minister Tokio talks under consideration. treaty port "blockaded," that measures." what The prejudicial to the attainment of China future to determine. stand and acts enemy." tMy^have "no intention of was at Chamberlain which was difficulties a at In that northern Chinese the British and French concessions were early in June, by Japanese forces. The imposed when British authorities refused to surrender four Chinese accused by the Japanese of political although when Throughout a mild July this blockade was continued, relaxation was announced on July 13, adequate supplies of milk were permitted by Japanese to enter the foreign concessions. The British Government succeeded in inducing the Tokio authorities to talk this matter over, but all indications pointed to an endeavor by Japan to turn the conversations into channels more the governing the British attitude toward the undeclared war MONTHLY REVIEW 6 than two years. talks finally raging in China for more which has been the Anglo-Japanese delays, successive After atmosphere that could hardly be The Japanese militarists plainly regarded the first fruits of the Tokio talks as an encour¬ agement for their pernicious activities. They announced on July 25 that the Canton River would be closed to traffic between Hongkong and Canton1 for two weeks, for "mili¬ tary reasons." The British and French concessions on Shameen Island, off Canton, were blockaded at the same time. These steps apparently presaged fresh Japanese in¬ began on July 15, described in an propitious. as conflict were developing, the actual Eastern Far the all British and American reactions to the the varied While China. Southern in cursions had war of a stalemate. All through July, as previous months, the Chinese resistance by means appearance in many activities made the Japanese "occupation" of territory a mockery. Long thin lines of defending soldiers, held the invaders in check on the official battle fronts, and there were few concentrations for the mechanized Japanese forces to move against. Every effort was made by the Japanese to halt the Chinese, guerrilla activities, but long experience with their "War Lords" occa¬ sioned a high degree of skill among the Chinese in such tactics, and the Japanese found their efforts of little avail. In order to comfort their own people, the Japanese invented tales of British antagonism and thus stirred up great hatred of guerrilla Chinese much the Japanese people toward Great Britain. In the of the wave of anti-British propaganda the Japa¬ among course ended have would remains It that the war in China long since it not for British aid to China. be noted, finally, that the conflict on the people were told nese to Russian and nese Mongolia between Japa¬ and Outer Manchhukuo of border were interruption without raged forces throughout July, each side continuing to blame the other and insisting that great losses were suffered by the enemy The thought was advanced that at Changkufeng a year ago, may be a Soviet ruse to keep great masses of Japanese soldiers on the border and not available for service in China. and by themselves. none this fight, like the one European diplomatic affairs appeared to revolve, during July, around the small Free City of Danzig, which has be¬ important to the Polish economy since it was stripped the German Reich in the World War settlement and come from of League under placed Nations The control. of issue aggression in Europe, and of resistance to such measures, plainly is to be decided at Danzig, for the larger Powers merely continued and emphasized the stands taken pre¬ viously, while preparing feverishly for the possibility of war. British authorities were obviously fearful of an im-' Nazi Germany, at the start of July, for a mediate coup by barrage was sent over Germany from veritable propaganda intended London, convince to that people German the The outcome remains Great Britain this time would fight. uncertain, for there is no question whatever of the deter¬ mination of Chancellor Hitler to restore Danzig to German sovereignty, probably within Hitler his in set Austria. In this brief time limit such as Herr for the previous capture of a mind own situation official were maneuvers The chance relating to war preparations and possibilities. for , numer¬ enough, but far more plentiful were rumors of all sorts ous peaceful solution appears to rest with an agreement a Germany between In the non-aggression alignment the fear prevailed early July that the Danzigers, who are estimated to be 96% in demands of their own for German, would make German to sovereignty, thus making it appear a return that any opposition by Poland or other countries is a direct viola¬ tion the of Polish with time principle authorities of Minister Prime Poland's with agreement finally a Chamberlain firm warning reported Mr. Chamberlain In a said satisfactory Joseph Beck, British in the hope of a A carefully drafted Commons. for declaration, while Berlin. made by was the House of . and at great length, this point Foreign Minister, Colonel be restraining the to on Neville anxious to make as British self-determination. conferred on was declaration July 10, before effect, he conveyed to Poland the authority to decide whether developments in Danzig justified the precipitation of a European war. "Recent in occurrences evitably given future her Danzig," Mr. Chamberlain stated, rise status to fears by "have in¬ is intended to settle action, organized by sur¬ that unilateral it reptitious methods, thus presenting Poland and other Pow¬ with ers taken a by fait accompli. and if would of action her be force. accused If contemplated considered graver In such circumstances aily action Poland to restore the situation would, gested, be represented as the as an it is sug¬ act of aggression on her part, supported by other Powers they of aiding and abetting her in the use were sequence of events should be such as is this hypothesis, the issue could not be purely a local matter, but would at once raise on issues affecting Polish national existence and pendence. We have guaranteed to give our inde^ assistance to Poland in case of a clear threat to her independence which she considers it vital to resist with her national forces, and we are firmly resolved to carry out this undertaking." the situation thus presented the nations armed Around with frantic speed and prepared to join in the two sides. i Germany, leanings, but are said be intent on remaining neutral in any general war. Russia remains an enigma, with AngloFrench conversations in Moscow still in progress with a view to aligning that country on the Grand Alliance side. Occasional reports of "progress" in the Moscow talks did not materialize in any understanding, possibly because Russia is intent on remaining neutral so that any action by Japan in the Far East can be resisted. The British Spain and Yugoslavia have fascist by their leaders to Government continues to take the initiative in the prepara¬ resistance to German expansionism that may tions for any On three occasions vast aerial armadas were sent England for extensive flights over French territory, demonstrate the effectiveness of the British air power. develop. from to conscription was made effective on British July 15, when 30,000 youths reported for military service as the first contingent of the 200,000 ordered to report this year. The British Parliament voted credits of £60,000,000, which are some Government to British developed as to the £5,000,000 to be granted that country, but this is. a minor incident of the developing test of strength. Toward the end of July a curious incident unsettled notions of the whole problem to some degree. It became known that Robert S. Hudson, Secretary of the British Department of Overseas Trade, had exchanged ideas on the relations of Great Britain and Germany with Dr. Helmuth Wolilthat, German economic adviser, in a purely personal capacity. The rumors were that a British loan of £1,000,000,000 might be extended to the Reich, if peace and disarmament thus could be assured. But Prime Minister Neville Chamberlain repudiated all such notions in the House of Commons, on July 24, although he was careful to add that he saw no harm in the discussion. Ger¬ to be allies. granted at the discretion of the A controversy with Poland and place of spending manner man authorities dubbed the reports as Panama Acting fantastic. Treaty recommendations of Secretary of State on Cordell July 25 ratified the new treaty between Panama and the United States, which is to regulate the political regulations of the two countries and readjust the financial position in the only manner that is seemly for a country that insists on the maintenance of international pledges. The pact was negotiated early in 1936 and ratified almost immediately by the Panamanian defense arrangements for the to have troubled the United States Senate and delayed ratification here. It appears, however, that the two countries merely agree to consult as to methods of meeting any threat to the canal. Since it is obviously and inescapably in Panama's interest to have the United States control and protect the canal, this Changes Congress. Canal Zone the in understood were provision cannot be said to involve any real danger to our Zone defenses. A secondary convention also was adopted by the Senate, giving Panama the right to build a highway across the isthmus. Two minor conventions were not ac¬ of strain in causes as a Promul¬ July 27, and one of the followed on gation of the treaty tries important. but they are not regarded as cepted, relations with Latin American coun¬ our thus was eliminated. group inestimable States at long last the stigma of non-observance of its only international financial pledge. Under the new pact the United States will pay to Panama the equivalent of 430,000 balboas an¬ nually, for the rights and privileges of the Canal Zone which originally, under the 1903 treaty, called for payment The financial section of the new accord is of importance, for it removes from the United Poland. and and Tur¬ to be definitely on the anti-aggression side. Italy, Hungary and Bulgaria are on the other. appear Hull, the United States Senate on Crisis Danzig Britain, France, Poland, Rumania, Greece Great key of $250,000 gold annually. the adverse valuation February, of effect the 1934, States Treasury in devalued upon dollar, and In effect, this is a recognition of of Mr. Roosevelt's de¬ in 1933 and 1934. Beginning in Panama every year thereafter, tendered to Panama payments which dollars, Panama in every the United of $250,000 instance re¬ contention, now conceded, was that the pledge for payment of $250,000 in gold dollars of 1903 must be acknowledged. A compromise solution was arranged wliereunder the enhanced number of Roosevelt dollars required to meet the pledge will be called "balboas." But balboas are merely the non-existent paper media of Panama, which are equivalent to dollars, and under the new treaty the United States Treasury simply pays $430,000 annually hereafter. In this manner the Canal Zone rental is regulated on the basis of the gold content of the old dol¬ lar with which the United States was blessed before Mr. jected. The Roosevelt Panamanian tinkered with the currency. financial arrangement of the treaty is the further possibility that Panama now will be in a better position to remedy its own default on certain dol¬ lar bonds floated in the United States. The lack of pay¬ Contingent upon the ments by treaty, was the United States, in accordance with the 1903 with the default, which complete. There are two doubtless had much to do partial at first and finally direct issues of the Panamanian Government outstanding, consisting of $3,603,000 5^s, and $11,313,500 5s. For serv¬ ice of the smaller issue the revenues of the Panamanian Constitutional Fund of York City real $6,000,000, which is invested in New estate mortgages, are pledged, along with Government. The interest on the $3,603,000 5%s, but not amortization requirements. The $11,313,500 5s have been in complete default in recent years, but Panama for a time made partial payments and due frQin the United States the annuity Constitutional Fund revenues have sufficed to meet issued arrears Since 1935 no balance. certificates for the 5s. Anticipating the passage of the treaty by the United States Senate, Panama last April appointed a banking syndicate headed by Hornblower & Weeks as refunding agents, charged with the task of readjusting the dollar indebtedness of the coun¬ try, on the basis of the $2,580,000 now due and the future payments whatever have been made on the of the Constitutional Fund and the annuity. revenues Brazilian Debts Dollar took small a ister Oswaldo debt service step, on July 1, toward Aranha's of last March to resume Minister to Wash¬ ington, it will be recalled, terminated in an exchange of letters with our State Department, calling for the exten¬ sion of a credit of $19,200,000 to Brazil for liquidation of dollar balances blocked in that country, a further gold loan of $50,000,000 from our excessive stocks of the metal, and July 1. promise The visit for negotiations to follow instructive United to that note States of the Brazil promised little more than a resump¬ other benefits. tion of dollar bond debt service the Government on a transitional basis, with permanent a financial so It is settlement. performance of the limited been far has to the $19,200,000 credit, which was extended by the official Ex¬ port-Import Bank, and which is said to have been insuf¬ ficient for the liquidation of all the blocked balances. The remaining financial aid promised to plainly is de¬ Brazil pendent upon congressional action, and in view of growing acerbity doubts executive of justified seem congressional and as relations nal Brazilian obligations, March will some to early steps. All the evidence thus points to a temporizing on of the Government, on the part the question of its exter¬ the hope that the aid promised last forthcoming. When the $1,000,000 in announced Dr. Aranha admitted that the pay¬ was ment is small, but he maintained that it involved effort for Brazil, the gesture being designed a great "to show the desire of my Government to face its difficulties with Amer¬ ican creditors." now expect the Foreign Bondholders Protective Council to send It appears, moreover, that the Brazilians Brazil for further negotiations, traditionally ought to ap¬ proach the creditors or their representatives. The inci¬ dent, it may be added, is highly involved and, being still in flux, is not readily subject to competent analysis. There representative a are, delinquent however, certain ficiently regarded. to apply to debtors considerations which are not suf¬ These relate to the obligation of debtors all available resources to the liquidation of their pledges, especially when the full faith, credit and taxing power of a sovereign regime stand behind the obligations. In the case of Brazil, it is well known that full payment of all its could foreign of capacity have transfer the been now indebtedness country. But made than would a exceed better is indicated the current effort by assuredly the $1,000,000 announced. Steel Trade—Non-Ferrous Metals The steel trade reported a further increase in operations with steelmaking the highest in nearly eight months and the domestic steel scrap market continuing strong. The "Iron Age" in its issue of July 27 stated in part: "Ingot produc¬ tion continues slightly ahead of orders and shipments in preparation for sudden demands from the automobile indus¬ try. Orders in July ran moderately ahead of those booked in June, though the aggregate business in the week ended July 25 was not quite as good as that of the week before. Much of the current production is based on backlogs that have been accumulated in structural steel, reinforcing bars, piling and other products used in building construction together with armament and shipbuilding requirements. However, miscellaneous business, including various lines of household equipment, is making a good orders showing. Aside mostly for moderately small lots, on which quick deliveries are usually demanded, indicating no surplus of consumer stocks. Rail¬ road buying still lags, but a few secondary orders for rails have been placed." The improved outlook for steel produc¬ tion has given additional strength to scran markets, though not much consumer buying has taken place. The "Iron Age" composite price of steel scrap advanced on July 11 from $14.71 to $14.79 a gross ton, on July 18 to $15.04 and on July 25 to $15.13, as compared with $14.08 at the close of July of 1938. No change was noted in the "Iron Age" com¬ posite prices for finished steel and pig iron which remained at 2.236c. a pound and $20.61 a gross ton, respectively, as against 2.300c. for finished steel and $19.61 for pig iron a from 60.6% for the week beginning July 24 (the highest rate since the week beginning Nov. 28, 1938), as compared with 56.4% for the week beginning July 17, 49.7% for the preceding seven-day period, 38.5% for the week beginning July 3 and 54.3% for the week beginning June 26. At the close of July of 1938 operations were reported to be at the rate of approximately 37% of capacity. As to non-ferrous metals, "Metal and Mineral Markets" reported during the month, in part, as follows: "The buying movement in copper that got under way in the week July 4, when domestic sales amounted to 25,313 tons, was to when total of 150,379 tons were even greater heights during the following construction year ago. steel tonnages, were week Domestic sales of copper, as generally anticipated, dropped to a low level during the week ended July 18, totaling 3,597 tons. A con¬ tinued firm undertone in the domestic copper market brought in a a sold. fair volume of business that totaled 15,721 tons for the week ended July 25, making sales up to that date 176,893 compared with 66,381 tons during the monthipf June and 59,519 tons in May. The price of copper was raised early on July 7 from 10.00c. to 10.123^c., Connecti¬ cut Valley, and late on the same day to 10.25c., and was further increased to 10.31c. on July 21 at which price it tons, held as during the remainder of the month. The copper im¬ port tax of 4.00c. per pound was renewed for a period of two years to June 30, 1941. Inquiry for lead was well sustained during the month under review, sales for the week ended July 26 totaling 5,415 tons, against 6,978 tons in the pre¬ ceding week, 10,267 tons in the week ended July 12, 3,037 tons in the week ended July 5 and 4,524 tons in the week ended June 28. The quotation for lead was increased 10 points on July 31, or to 4.95e., New York, and 4.80c., St. Louis. Sales of common grades of zinc during the week ended July 22 totaled 14,327 tons, as against 6,366 tons in the preceding seven-day period, 3,081 tons in the week ended July 8 and 4,888 tons in the week ended July 1. The price of Prime Western zinc was advanced 10 points on July 25, or to 4.99c., New York, and 4.60c., East St. Louis. Tinplate mills in the United States were operating at about 65% of capacity at the close of the month, with demand for tin generally quiet, its price moving within a narrow range closing on July 31 at. 48.45c., New York, as compared with 48.90c. on June 30." Lumber Movement be soon transfer although The operating rate of steel companies having approximatley 97% of the steel capacity of the industry, according to the American Iron and Steel Institute, was scheduled at carried adjustment of the default by that country on some $400,000,000 dollar obligations outstanding at this time. A transfer of $1,000,000 was announced, as a sort of "token payment," with the actual disposition of this relatively small sum a matter or uncertainty throughout the balance of July. The money was held in a New York bank in the name of Brazil. The transfer clearly represented a stop-gap expedient, de¬ signed to bridge the difficulty occasioned by Foreign Min¬ Brazil 7 MONTHLY REVIEW Aug., 1939] The lumber industry during the week ended July 22, 1939, stood at 69%, 73% and 81%, respectively, of the sea¬ sonal weekly average of production, shipments and new busi¬ ness in 1939, according to reports to the National Lumber Manufacturers' Association from regional associations cover¬ ing the operations of important hardwood and softwood mills. Reported new orders, production and shipments in the July 22 week were 30%, 22% and 21%, respectively, in excess of the seasonal weekly average of 1938 orders, output and ship¬ ments. Compared with the preceding week, production of the week ended July 22, as reported by 2% fewer mills, was 3% above, shipments 6% above and new orders 6% above the corresponding figures of that week. New business (hardwoods and softwoods) was 3% above production and shipments were 2% below output in the week ended July 22. Reported production, shipments and new orders for the 29 weeks of the year to date were 21%, 16% and 14%, re¬ spectively, above the corresponding figures for the same per¬ iod in 1938. New business and shipments for the 29 weeks of 1939 were 7% and 5%, respectively, above output. During the week ended July 22, 1939, a total of 514 mills produced 246,938,000 feet of softwoods and hardwoods combined; shipped 242,278,000 feet, and booked orders for 253,673,000 feet. Revised figures for the four preceding weeks follow: No. of July July July June Production Shipments Week Ended Mills (Feet) {Feet) (Feet) 15 1939-.. 524 240,191,000 157,985,000 225,933,000 235,721,000 228,572,000 239,861,000 172,244,000 239,005,000 208,968,000 232,410,000 249,842,000 8, 1939. 527 1, 1939 509 24, 1939 537 Hides, Orders Received 241,948,000 Leather and Footwear The First National Bank of Boston in its "New England Letter," under date of July 31, discusses these markets as follows: "Shoe manufacturers approaching the period when the production of fall shoes usually reaches a peak. The decline which normally takes place in June was eliminated this year by reason of the excellent retail trade in white footwear, are which caused sizable repeat orders for summer shoes to be placed for immediate delivery. Furthermore, many manu¬ facturers started producing fall footwear a few weeks earlier than usual in view of the uncertainty regarding wages and hours later in the season. The run accordingly may be concentrated more heavily than usual in the third quarter, with the customary sharp decline in output during the final three months of the year. "Total production for the second half is expected to fall below the first six months when output was 13% above a year ago. A continuation of that rate would carry the annual total up to a new high figure and such a record does not seem warranted by the level of national income and the outlook for general business. Inventories of jobbers and retailers, MONTHLY EEVIEW 8 however, estimated to be not burdensome although ade¬ are booked ahead for several quate, and many producers are placed in June at steady prices. Other tending to shade their quotations in an effort to develop new business, particularly in women's lines. "Much of this season's sole and upper leather business had weeks orders on Prior 30. June units to, and following the decision of International Rubber Regulation Committee to increase the export quota from 55% to 60%, effective imme¬ the rubber had been gen¬ would only apply to the fourth quarter, and would leave the third quarter quota been placed by the end of June and new orders this month at 55%. In the closing days of the month the market have' been relatively small. Prices recently have been steadied perceptibly, due to covering purchases, buying by marked up in line with higher quotations on raw stock and. foreign dealers, and the growing belief that if present con¬ production schedules have increased seasonally. Sales at sumption prospects materialize the increase in the export the advanced price levels, however, have been in small vol¬ quotas will have no serious effect on the statistical position ume and unfilled orders are tending to decline. Tanners' of the market. Ribbed smoked sheets for spot delivery were quoted at holdings of hides are relatively light but with most of the trade adopting a cautious attitude in making commitments 16%c. asked July 31 against 16%c. asked June 30; for raw stock until the outlook for shoe production after 16 ll/16c. asked May 31; 16c. asked April 29 (April 30 was Labpr Day has been clarified, future purchases of leather Sunday); 15%c. asked March 31; 16%c. asked Feb. 28; and hides may depend upon the receipt of repeat orders for 15 13/16c. asked Jan. 31. manufacturers are diately, a fair-sized reaction took place, as it erally expected that the increase shoes. Grains "Hide prices have been strong and tanners have paid 12 cents per pound for moderate quantities of June and July take-off of light native cows as compared with a low for the year of 9% cents in April. The futures market has not risen proportionately but is at the highest level in four months." A towards the close enabled rally suffered had "futures" ruled steady during the early part of the past month, subsequently reacted and recovered again. There was an active demand for refined during the early part of the month, with indications buyers were working with abnormally low stocks. Furthermore, holders of raws were reluctant sell¬ sugar refined that ers, there and were that the long-awaited reports Cuban kets together with favorable weather conditions for paving the way for revision of the reciprocity treaty and the duty reduction. However, scattered selling was subse¬ quently prompted by the belief that the statistical position domestically was not improving as expected, while, accord¬ ing to reports, there was an apparent determination on the part of beet processors to distribute their entire quota this year despite the competitive conditions in the cane by A division. refiners subsidence in offerings and covering during the latter part of the On July 29 the International Sugar Council, meet¬ shorts month. caused a rally slash in the basic sugar agreement year which begins Sept. 1. It announced that on the basis of data available June 24 the consumption requirements of the free market would amount to 3,218,000 metric tons; moreover, require¬ ments of the second quota year would exceed export quotas by 38,000 tons, or a net demand for 1939-40 of 3,256,000 tons, of which 3,111,000 would be supplied by producers other than empire areas, leaving 145,000 tons to the lat¬ ter. As the quota for the third year was 3,647,500 tons, this was equivalent to a reduction of 536,500 tons. Sales of Cuban raw sugars consisted of the following, all c. & f. exclusive of duty: On July 10 August shipment at 2.00c.; on July 12 prompt shipment at 1.95c.; on July 14 August shipment at 1.95c.; on July 18 August shipment at 1.97c.; on July 19 August shipment at 1.98c.; on July 20 first half August shipment at 2.00c., and August shipment at 2.00c.; on July 21 August shipment at 2.00c., and on July 25 first half August shipment at 2.02c., and August shipment at 2.03c. The wholesale list price for refined, immediate de¬ ing London, in made severe a for the third export quota as been reduced quarters reaction, and subsequent sharp rally. Reports from Brazil were that quality coffees would not be plentiful this season because of recent adverse weather in the growing districts. In fact, continuous duction of rains said were have reduced to both the pro¬ quality. Interest from roasters showed signs moderately, this being reflected in a more and broadening active demand for No. June on as Santos 7 (April 30 same No. on as 7 30, was sjpot coffees. was quoted against Sunday) ; on which gradually whittling down the amount of "free 10 the United States Department of Agriculture estimated the winter wheat production at 537,767,000 bushels and the spring wheat crop at 178,888,000 bushels, making a total indicated production of 716,655,000 bushels. The carryover at the end of the 1938-39 season is estimated at 265,000,000 bushels, so that a total supply of 981,000,000 bushels is in prospect for the season. Sub¬ tracting estimated domestic requirements of 700,000,000 bushels, there will remain 281,000,000 bushels for export and carryover. Since the Government is continuing its export subsidy program, it was pointed out that there was a good possibility of the carryover being substantially re¬ duced this year. Corn, oats and rye followed the trend of "wheat. At times corn displayed more weakness than other was supplies." On July grains, due to favorable wreather conditions and prospects for bumper July 1 a of The Government's estimate of the crop crop. to a yield of 2,570,795,000 bushels, 2,542,238,000 in 1938. In Chicago the September wheat option closed on July 31 at 65% c. as against an opening price of 72% c. on July 1. as compared pointed with Rio was 31; 6%c. April 29 6%c. March 31; 7c. Feb. 28, the May on July 31 at 5%c., the same as April 29 31; 5y8c. Feb. 28; 5%c. Jan. 31. rubber ruled steady September Day). in Chicago July 1. September oats closed at 28c. as compared on opening of 30 %c. on July 1. an corn July 31 at 42%c. compared with an opening of on at 41 %q. as September rye closed compared with an opening of 46%c. on July 1. Textiles The textile trades improved moderately, partly as a re¬ sult of seasonal influences, mistic tail views concerning trade and, in part, due to more opti¬ the nearby business outlook. gave a fairly satisfactory account as during the first half of Projects the decline in the were prices of farm products, with their ensu¬ on the buying ability of segments of the Wholesale trading broadened perceptably as populace. re¬ tail merchants, encouraged by better sales figures, coupled absence of excessive inventories, proceeded to vdth the Some caused by the upheaval in the. Administration employment situation, and misgivings, however, Work Re¬ favorable conditions, prevailing in most sections of the coun¬ weather the cover Rubber Crude with opening of 60%c. in July 3 (July 1 a holiday in an ing adverse effect quoted June 30, against ^V^c. May 31, the same as on and March Winnipeg the October wheat option closed at 53%c. as against try, stimulated the sale of vacation and travel items. July 31 at 6%c., the same 6%c. Jan. 31. on that the production outlook by the dry spell. , 48%c. early part of the month was followed by a Northwest spring wheat had In the third place, it was reported that representatives of the major exporting nations, who were meeting in London, had agreed in prin¬ ciple to the necessity for an export quota. Fourth, buying on the part of millers and bakers developed considerable activity. Fifth, and the most important, were the activities of the Government to sustain prices. Indications were that a large movement of wheat was taking place into the loan conservative in month. "futures" during the the proving disappointing. The Canadian crop was also be badly in need of moisture, and it was believed closed Coffee in said to Canada—Dominion Steadiness in the market for coffee tension easing of damage in a number of localities where threshing returns At 18, result Drought and heat were said to have inflicted severe when it wras quoted 4.30c. to 4.40c., at which figures it remained during the rest of the July until range a ditions turned less favorable in the livery, was quoted at 4.45c. to 4.50c. until July 10, when the range was lowered to 4.35c. to 4.40c. It continued at the latter liquidation during the Speculative interest in the mar¬ situation. The subsequent recovery in prices was attributed to a number of factors. First, the market appeared to have reached an oversold position with a technical rally at least overdue. Secondly, weather con¬ were State Department declined also ditions laid States month. the.past European political belts. by the United of earlier part early part of the month. duty change would soon be forthcoming. It was reported that the Cuban Government had virtually accepted con¬ down the prices, heavy accumulations of domes¬ growing crops prompted active the The market for sugar during The decline in world tic supplies, Sugar • prices for wheat in sharp declines they domestic markets to regain part of the their requirements tions in a for August and September promo¬ At the same time wholesalers, substantial way. price advances, partly publication of the United States consumption figure for June, amounting to 47,259 tons, which was an increase of 6%% over the previous month, and exceeded trade esti¬ mates by a substantial margin. The better tone of the security markets also helped to improve sentiment, as did the tire production figures for June, revealing a decline in tire inventories from 9,918,759 units May 31 to 8,803,924 tively wide fluctuations, but at the end of the month prices under stimulus the of scattered period under review, and trading activities broadened sub¬ stantially, with buying by factories and dealers assuming considerable proportions. A constructive factor was the entered the market for considerable quantities of goods for the holiday showed season. Raw cotton in July experienced rela¬ During the early part of which was followed by a sharp decline^ but a subsequent recovery wiped out part of the losses. Supporting factors in the first part of only small net changes. the period a good rally was in progress, the month were the continued scarcity of available sup¬ plies in commercial channels, the expectation that the im- pending export subsidy would prove the staple into a powerful stimulus foreign consumption, the continued high activity of domestic spinners, and scat¬ for the of movement predictions that the new crop might fall short of the prospective United States consumption of the staple. The downward movement in prices, which developed during the second third of the month, was in the main due to the absence of concrete advices regarding the export subsidy tered outlook for the new7 crop, with the high temperatures and fair skies prevailing in the eastern and western part of the belt, being looked upon as having substantially reduced the plan, and to much improved reports concerning the Initial hedge selling against danger of weevil infestation. the new and crop, also served to the month cated on from the the continued ;lack depress sentiment. of export demand, During the last third of substantial rally got under way, a the chiefly predi¬ expansion in the foreign demand fol¬ lowing the release of the export subsidy details, and advices sudden South less favorable light on the de¬ with heavy rains in the East and a developing drought in parts of the West being re¬ garded as portending serious threats during the present critical stage of the crop. Spot cotton here in New York was quoted at 9.71c. July 1, from which point the price advanced to a high of 10.02c. July 10. A, subsequent decline carried the quotation to a low of 9.34c. July 20, but a later rally resulted in the price recovering to 9.78c. July 31. The gray cloths markets displayed a much improved tone, and trading at times reached considerable proportions. Print cloths at Fall River for 28-inch 64x60's on July 26 advanced from 3%c. to 3%c., at which figure it stood July 31. The price of 27-inch cloth G0x64's was 3%c. July 31 as against 3%c. June 30, while Osnaburgs remained unchanged at 6%c. July 31. The report of the Census throwing velopment of the Bureau, while issued new July revealing a 14, and seasonal covering decline the in month the of United June, States of the staple as compared with the previous month, again showed a large increase over the correspond¬ ing month of last year. given as 578,448 bales of lint 605,353 bales with The amount consumed in June and of was 71,655 bales of linters, lint and 73,622 bales of May, 1939, and 443,043 bales of lint and 56,788 bales of linters in June, 1938. linters The in woolen goods markets were seasonally quiet. formal introduction of next year's lines of The tropical worsteds and gabardines, at moderate advances over last year, re¬ in some initial orders, but, otherwise, little actual business developed, although mill operations remained at satisfactory ratios, because of the carrying out of older sulted contracts fall goods. An improved call existed for material, with garment manufacturers show¬ ing increased interest in offerings of both dress goods and coatings. women's on wear Japanese double extra 13-15 deniers at $2.70@$2.75 against were quoted Julv 31 $2.51@$2.56 June 30; $2.58@$2.63 May 31; $2.46@$2.51 April 29 (April 30 was a Sunday) ; $2.10@$2.24 March 31; $2.20@$2.25 Feb. 28 against $1.95@ $2.00 Jan. 31. In the of the 20-22 deniers Japanese crack double $2.58@$2.63 July 31 against $2.49@ $2.54 June 30; $2.56@$2.61 May 31; $2.39@$2.44 April 29; $2.13@$2.18 March 31; $2.25@$2.30 Feb. 28; $1.96@$2.01 extra case were quoted at Jan. 31. Petroleum and Its Products High light of the developments in the domestic petroleum industry during July was the decision handed down by the United States Circuit Court of Appeals in Chicago in the closing week of the month which reversed the conviction of five individuals and 12 corporations in the Madison, Wis., conspiracy trials of last year. The defendants had been fined just a year ago when a jury convicted them of conspiracy to raise and fix Midwest gasoline prices, each individual being fined $1,000 while the companies paid levies of $5,000 each. Judge J. Earl Major wrote the decision, a 25,000-word ruling, which was concurred in by Judges William M. Sparks and Otto Kerner. Judge Major's opinion said in part: was the Midcontinent Oil Co. The United States Circuit Court of Appeals remanded the cases to the Federal District Court at Madison, Wis., for At trials. new month-end, the United States Department of Justice was still studying the Court's decision and had not announced whether or not it would carry the fight to the United States Supreme Court. The original case was one of the largest prosecutions ever the Government under the Sherman anti¬ trust laws. The original indictment named 24 of the in¬ dustry's leading companies, 56 individuals and three trade publications, all of whom were charged with acting in con*~ spiracy to raise and fix prices of gasoline in the Midwest in violation of the Federal anti-trust statutes. Forty-six of the defendants were convicted in January, 1938, but of these, Judge Patrick T. Stone, who presided, dismissed 11, granted new trials to 18 and then fined the other 17. attempted by The final week of the month also brought with it the introduction of sweeping legislation which would give the Federal Government control over the production methods in natural gas and petroleum fields, introduced in Congress by Representative Cole at the request of President Roosevelt. In seeking consideration of such legislation, President Roose¬ velt pointed to the report of the National Resources Com¬ mittee on the problems of the oil industry and sought to Congress conduct a further study of the situation during the summer and fall. The bill, according to present plans, will not be taken into consideration during the current session but instead will be handled by a special House Interstate Commerce have the sub-committee which will conduct an report at the next session of Congress. under the direction of Representative the Chairman of the sub-committee. has been promiment in House bodies for some time. While the bill makes no investigation and The probe will be Cole who will be Representative Cole handling oil legislation attempt to control the supply of petroleum through the establishment of production, marketing or transportation quotas, its terms make such action possible ultimately. Under the broad powers which would be granted to the Federal Government in preventing possible "waste" of crude oil, the way is open for control, direct and indirect, of production and other phasae of the industry by the Federal Government. The bill would set up an office of Petroleum Conservation within the Depart¬ of the ment Interior. This office would be headed by a determine being produced wastefully in any field, and with broad powers to issue regulations designed Commissioner, who would have the power to whether oil and gas were to end such waste. The bill provides that the Commissioner, when he dis¬ in production, notify the State in which the field was located and the operating company concerned and give the company fair opportunity to rectify the matter by making certain "specified" corrections which will bring pro¬ duction into line with the regulations of the Federal agency. If, however, these corrections are not made to the satisfac¬ waste covers tion of the Commissioner, he then "could institute legal compel the prevention of waste." The terms of the bill provide that violations of the Act and regulations issued by the Commissioner lay the offending party or parties open to fines up to $1,000 for each day during the violation and imprisonment of not more than two years. The bill also action to would make permanent the extended by the Congress. Connally hot oil bill, recently Bitter attacks upon the r: fining branch of the industry by member and guest speakers high lighted the two-day meeting of the Interstate Oil Compact Commission in Santa Fe, N. M., on July 19 and 20. The failure of the refining end of the industry to cooperate with the producing division, which for years has fought to hold down production, was severely criticized by C. F. Roeser of Fort Worth, President of the Independent Petroleum Association of America, who declared that the failure of the refiners to hold down their operations imposed "a fine of $10,000,000 monthly" upon the producers. M. White of the United States Bureau of Mines another speaker to take issue with the refiners. The Government representative told the assembled delegates that unless refiners made adjustments within their A. was "The it Arnott, Socony-Vacuum Oil; H. T. Ashton, Socony-Vacuum; P. E. Lakin, Shell Petroleum, and Robert E. McDowell of a crop, consumption compared 9 MONTHLY EEYIEW Aug., 1939] case per se submitted to the jury on the theory that violation of the Sherman anti-trust law. We was hold it should have been submitted on the question of the reasonableness of restrictions in interstate commerce. It was the Government's position that the combination, to¬ gether with the manner in which it was carried into effect, constituted a violation of the Anti-trust Act. Under this theory, the character of the restraint was not a jury issue. On the other hand, it was the contention of the appellants that the purpose of the combination was to remove surplus gasoline which it claimed was a competitive abuse and that in so doing the statute was not violated. "The District Court charged the jury on the Government's theory; that is, that the combination was illegal as a matter of law and the jury was#not permitted to inquire into the character of the restraint'imposed on interstate commerce." Judge Sparks in concurring said that he believed the venue "of the prosecution was improperly laid in the Western District of Wisconsin." The five individuals who had appealed their $1,000 fines R. H. McElroy Jr. of the Pure Oil Co.; Charles E. were position find during the next 30 itself in the same or 45 days, the industry would dilemma as during 1937, when the approach period of low consumption of motor fuel—the industry's money product—found refiners with top-heavy stocks as a result of their excessive operations. He pointed out that in order to maintain orderly marketing conditions, stocks of gasoline should be no higher than 65,000,000 barrels on Sept. 30. Ernest O. Thompson, Chairman of the Commission and of the also at a the member of the Texas Railroad Commission, presided quarterly meeting of the sentatives member to from all member group States which attend. saw repre¬ The latest join the group, Michigan, was represented by P. J. Hoffmaster, Director of Conservation. Kansas was represented by A. F. Schoeppel, Chairman of the Kansas Corporation Commission; Oklahoma by Governor L. C. Philips; Colorado by Warwick Downing, and New Mexico by Governor John Miles. At the same time as the Santa Fe meetings, President Roosevelt signed the resolution whereby MONTHLY EEYIEW 10 Continued expansion in domestic demand for gasoline the record-setting pace thus far this year is indicated Congress extended permission to the oil States to organize in the group for two years. Louisiana made headlines during the month when Governor Earl D. Long requested the resignation of Commissioner W.G. Bankin of the Louisiana Conservation Department. One day after he had turned in his resignation as requested, Mr. Rankin was called as a witness before the Special Federal Grand investigating reports of hot oil dealings in to his resignation he had been under the State and Federal administrations. Long appointed State Senator Ernest Clements, Jury Louisiana. fire Prior both from Governor Chairman of the Senate Conservation Committee, to suc¬ ceed Mr. Rankin and announced that Dr. J. A. Shaw would head of the Commission's mineral division. Announcement was made in the closing week of July be retained that as 18 would be the date of the next State-wide proration hearing of the Texas Railroad Commission in Austin. In making this announcement, Chairman Lon A. Sept. disclosed Smith tension the of that another three-month he favored ex¬ production week. "The Railroad Commission will take no cognizance of the Rowans and Nichols case," he said, "until after the Federal Court to which it has been appealed to acts. I am in favor of another three months' order, for I believe it is very helpful current five-day and aids stability." The fall hearing of the Railroad Commission will provide ample opportunity for a review of the situation, he pointed The Commission, should the Court decision be an out. adverse one, has ample time t© revise the proration rules to conform with the Court's orders. In the meantime, however, change is contemplated, he said, adding "I we have any right to interfere in the situation as it now stands. If we were to do it, it would reopen the entire situation." Daily market demand for crude oil during August was placed at 3,521,900 barrels in the regular monthly domestic market survey released by the United States Bureau of Mines. The total for next month represents an increase of 8,700 barrels over the current figure and is 19,200 barrels above the actual demand for the comparable month a year ago. The estimated runs to stills of 104,080,000 barrels is 2,728,000 barrels higher than the actual figure for August don't a no think that year ago. The August crude oil production quota for California was increased to 598,300 barrels daily by a month-end order of the Central Committee of California Oil Producers. The new quota compares with the figure for July of 595,000 barrels daily. At the same time the Committee voted to reduce the minimum quota to be assigned to any one well from 250 barrels daily to 240 barrels daily. A proportionate decrease was also made in allocations to wells which in July were given an allowable of less than 250 barrels although no change was made in marginal wells. With Illinois weekly setting new high production totals, crossing the quarter-million barrel level by month-end, daily average production throughout the United States showed sharp gains during July as compared with the pre¬ vious month. Figures compiled by the American Petroleum Institute showed that production for the July 22 period [latest figures available—Ed. note] of 3,583,750 barrels daily was more than 120,000 barrels in excess of the July 1 daily average of 3,463,000 barrels. Stocks of domestic and foreign crude oil on July 15 were 268,119,000 barrels, against 272,297,000 barrels for the week ended June 23, a decline of more than 4,000,000 barrels. The Mexican situation was anything but bullish at monthend as Secretary of State Hull met questions as to the reported breakdown of negotiations between Donald R. Richberg, representing the American and British oil com¬ panies affected by 1938's $500,000,000-expropriation decree of the Cardenas Administration, by saying that the United States Government was still "discussing the problem." Earlier in the month President Cardenas told the United Press that all for losses foreign investors would be paid within 10 years resulting from expropriation of properties in which they had stock. Price changes posted during the month, showing the trend of the major markets, follow: July 17 Caddo Crude cut the price of crude oil in the pool in north Louisiana 10 July 18—Tri-Lakes cents to Corp. 95 cents advanced prices 5 cents a barrel to 83 cents a a new Shreveport barrel. Bloomingdale, Mich., crude oil barrel. Most encouraging development in was the decline of the refined products approximately 3,750,000 barrels during the July 1-22 period. Refinery operations held practically mon^h but rising demand pared stocks to 77,960,000 barrels by the July 22 date. Economists continued_ to warn the industry that unless refinery opera¬ tions are held down, stocks will be in a top-heavy position when the low consuming season is at hand. Price changes during the month were mostly local in nature, although there was some weakening in retail prices branch in inventories of finished and unfinished motor fuel in the Manhattan and Bronx boroughs by Socony-Vacuum Oil in New York City at month-end. Earlier in the month retail prices weakened somewhat in Texas but on the over in the August market demand estimate of the United States Total demand in the home market for fuel will be 52,900,000 barrels during August, which Bureau of Mines. motor the comparable period last year. Motor placed at 4,200,000 barrels for the coming month, approximately the same figure as ruled during July, but 629,000 barrels less than the total recorded for August, is 5% ahead of fuel exports were 1938. , Representative price changes, showing the trend of the Nation's major refined product markets, follow: July 5—Socony-Vacuum Oil Co. cut tank-car prices of a,ll grades of gaso¬ gallon throughout New York and New England with the line 2-10 cents a New York and areas where the price already is de¬ Other companies followed the reduction. of one cent a gallon in tank-wagon and retail prices of gasoline throughout Texas was posted by all major distributors. July 17—a general advance of % cent a gallon in the tank-car prices of light fuel oil was made in the New York-New England markets. July 24—Socony-Vacuum cut minimum retail prices for gasoline from 16.8 to 16.4 cents a gallon in the boroughs of Manhattan and Bronx, exception of western pressed, effective July 6. juiy g—A general reduction effective July 25. THE JULY FINANCING The Treasury OF UNITED STATES TREASURY confined its July financing operations to that type of money raising which is bulking increasingly large in appeals to the market. That is to say, the Treasury on its own account, was content with rolling over the $100,- its discount bill maturities, but for govern¬ agencies it took more than $200,000,000 of funds from the market. And the new spending-lending bill which was under consideration by the Congress following its intro¬ duction on July 10 would extend the scope of the public debt beyond the regular budget. The principal agency operation in which the Treasury engaged was the public offering on July 23 of $200,000,000 of notes on behalf of the Commodity Credit Corp. Dated 000,000 weekly mental Aug. 1, 1939, the notes bore interest from that date at the of Y%% a year until maturity on Aug. 1, 1941. The notes, offered at par and accrued interest, were fully and unconditionally guaranteed both as to principal and interest rate by the United States. They were exempt from all taxation, Federal, State and municipal, except surtaxes, estate, inheritance and gift taxes. The notes are known as series D. It was indicated at.the Treasury on July 20 by Secretary Henry Morgenthau Jr. that the proceeds of the notes would be used to purchase from banks loans, made by them on corn, cotton and wheat, which begin to fall due on July 31. Mr. Morgenthau took occasion on July 20 to urge Congress to pass the measure appropriating $119,600,000 for repairment of the capital deficiency of the Commodity Credit Corporation. Last year a $94,300,000 deficiency of the cor¬ poration was made good by appropriation. The last previous offering by the CCC was on May 2,1938, when $206,000,000 of one and one-half year %% notes were issued, of which $147,744,000 was for cash. At his July 20 press conference Mr. Morgenthau, replying to a question whether the Reconstruction Finance Corporation would soon enter the capital market, said: "No consideration is being given at this time to RFC financing." Mr. Morgenthau also announced on July 31 that total allotments of the new CCC notes offered on July 24 amounted to $202,553,000 out of total subscriptions of $2,853,368,000. Thus the allotments were approximately on a 7% basis. Results of the CCC offering were made known by Secretary Morgenthau on July 27. He said that aggregate subscrip¬ tions for the $200,000,000 issue amounted to $2,853,000,000 and allotments were on the basis of 7%, but not less than $1,000 on any one subscription. Mr. Morgenthau closed the subscription books on the offering at midnight on July 24. The other operation which the Treasury carried through for a Government agency in July was of an unusual nature. Its origin goes back to the exchange offer made on May 22, 1939, for $905,000,000 of Home Owners Loan Corporation series B bonds called for redemption on Aug. 1, 1939. The amount of 2%% bonds surrendered for the new issue of 1 V2% series M bonds of 1945-47 was $687,767,025, leaving approximately $217,000,000 to be redeemed in cash on Aug. 1. Subscription books on the exchange offering were not open long enough to bring in the bonds of widely scattered holders. The HOLC thereupon made arrange¬ ments to redeem $117,000,000 of the unsurrendered bonds out of its own cash resources and the Treasury announced that the Government trust funds were prepared to take up\ the remaining $100,000,000. "Cash subscriptions will not be received," the Treasury said at the time of the exchange offering, "but to the extent the called bonds are not exchanged at this time, an addi¬ tional amount of the new 13^% bonds may be subsequently offered for cash." The general understanding was that the subsequent offering for cash would come, if at all, on a regularly announced financing date. But that did not prove to be the case. Secretary Morgenthau revealed at his press conference on July 27 that $60,000,000 of the Treasury's por¬ tion of $100,000,000 of HOLC 1}A% bonds had sold through the Federal Reserve banks at prices of 102 or better. "Any¬ body can come in and bid for them," said Mr. Morgenthau, "and we have been selling them as they come and bid at the Federal Reserve banks." Thus there was left as of July 27 whole the Nation's motor fuel markets held steady , bolstered by the record demand for gasoline shown this year to date. Other refined products, such as the light fuel oils showed ! approximately $157,000,000 tendencies to move into higher price levels. deemed in cash on Aug. 1, of the HOLC 2%s to be re¬ of which the corporation was accountable for $117,000,000 and the Treasury funds 590,000 Missouri Illinois RR.—An issue of $590,000 equipment trust certificates was awarded July 12 to the First National Bank of St. Louis and G. H. Walker & Co. of St. Louis on a bid of 100.265 for 2J^s. Certificates were dated Aug. 1, 1939, with and the trust $40,000,000. . # The outstanding Treasury bonds managed in July in quiet trading to close in the main somewhat higher than their closing prices at the end of June, with the longer dated issues particularly in demand and scoring advances of about 1 point. The bonds, however, ruled at the month-end about Yi point under their highs for the year. With the Federal Reserve banks continuing to let part of their Treasury bills mature without replacement, the average rate at which the weekly discount bills were taken hardened during the month. From a low of 0.005% for the $100,000,000 bill issue dated June 28, the yield on the offering dated July 26 moved up to 0.019%. The decline in the Federal Reserve banks' holdings of discount bills in the five weeks to July 26 was $75,796,000, and the market supply of the outstanding obligations was correspondingly increased. However, each weekly offering was still bringing in par bids, reflecting the fact that to some holders the obligations were a substitute for cash rather than an earning asset. Secretary Morgenthau stated at his press conference on July 31 that the Treasury was giving no consideration at this time to a reduction in the interest rate on United States a PUBLIC Bills Kansas Power & Light Co.—A group headed by The First Boston Corp. and Dillon, Read & Co., and including Halsey, Stuart & Co., Inc.; Harriman Ripley & Co., Inc.; Blyth & Co., Inc.; Kidder, Peabody & Co.; Lehman Brothers; Mellon Securities Corp.; F. S, Moseley & Co.; E. H. Rollins & Sons, Inc.; Smith, Barney & Co.; Spencer Trask & Co.; Union Securities Corp.; Harris, Hall & Co., Inc.; Arthur Perry & Co., Inc., and 21 other underwriters, offered July 26, $26,500,000 1st mtge. bonds, 33^% series due 1969, at 108H and 26,500,000 interest. 25,000,000 Southern Bell Telephone & Telegraph Co.—Public offering of $22,250,000 (out of a total of $25,000,000) 3% debentures, due 27 1939 disposed of privately at 106 to the Bankers Trust Co. as pension funds of the Bell System. Morgan Stanley & Co., Inc., in the offer¬ ing were Kuhn, Loeb & Co.; Kidder, Peabody & Co.; Lee Higginson Corp.; First Boston Corp.; Harriman Ripley & Co.; Smith, Barney & Co. and 40 other investment houses. A selling group of between 300 and 400 dealers distributed the trustee of the Associated with securities. 5,650,000 California Water & Telephone Co.—Public offering of $5,650,000 first mortgage bonds, 4% series due 1969, was made July 18 by a syndicate headed by Blyth & Co., Inc., and including H. M. Byllesby & Co., Inc.; E. H. Rollins & Sons, Inc.; Central Republic Co., and Wm. Cavalier & Co. The offering price was 1033^%. exclusive of accrued interest from June 1, 1939. 700,000 California Water & Telephone Co.—At the same time an offering of 28,000 shs. (par $25) of 6% cum. preferred stook at $25 per share plus accrued dividend was made through a rdicate headed & Co.,H. Rollins & Sons, Inc.. and including M. Byllesby by E. Inc., Central Republic Co., Wm. Cavalier & Co. and Banks, Huntley & Co. 5,000,000 Kansas Power Co.—A syndicate headed by Harris Hall & Co. (Inc.) and including E. H. Rollins & Sons, Inc.; Central Re¬ public Co.; A. G. Becker & Co., Inc.; Arthur Perry & Co., Inc.; Shields & Co., and Tucker, Anthony & Co., offered July 14 at 101H and int. $5,000,000 1st mtge. bonds, series A, 4%, due July 1, 1964. * *4,680,000 San Antonio Public Service Co.-^Mathan, Dittmar & Co.; Dewar, Robertson & Pancoast; Russ, Roe & Co., and Pit¬ man & Co., San Antonio, offered July 14 at 104 and dividends the unexchanged and ubsubscribed portion of 45,000 shares 5% cum. pref. stock of 1939 (par $100). The stock was offered on a share-for-share exchange basis to holders of the company's 8% preferred stock of 1925, 7% preferred stock of 1926 or 1927, plus $5 in cash, together with cash equal to dividends accrued on the old preferreds. The preferred holders also had the privilege of purchasing at par ($100) one share of the new 6% preferred for each share of the old preferreds not exchanged. Purpose of the issue was to redeem all preferred stock then outstanding. * Approximate amount. tions 12 1939 19 1939 Oct. U 1939 91 days 100,000,000 259,665,000 Oct. 18 1939 299,680,000 Oct. 25 1939 91 days 91 days 100,000,000 26 1939 Aug. 2 1939 240,195,000 1 1939 91 days 100,000,000 100,000,000 6 1939 July 14 1939 20 1939 27 1939 July July Nov. 450,000 Litchfield Electric Light & Power Co.—The Securities and Exchange Commission on July 12 issued an order exempting company (a subsidiary of NY PA NJ Utilities Co.) from the provisions of Section 6(a) of the Public Utility Holding Company Act with respect to the issue and sale of $450,000 first (mortgage bonds, 4% series due 1964, the net proceeds of which will be applied in liquidating pro tanto an open account indebtedness due from the company to its parent company. The issue was placed privately. 275,391,000 To Redeem Maturing Bills Subscrip- Amount Average Offered tims Accepted Price Yield 0.014% 0.012% 0.015% 0.019% 0.022% $282,433,000 $100,563,000 99.996 July 6 1939 259,665,000 14 1939 299,680,000 July 20 1939 July 27 1939 240,195,000 275.391,000 100,392,000 100,861,000 100,240,000 101,030,000 99.997 July June 27 1939 99.996 99.995 99.995 NEW SECURITY ISSUES Domestic Issue of— $100,287,000 100.167,000 100,444,000 INDUSTRIAL AND 100,204,000 100,384,000 IN JULY emissions during the month again proportions being the second largest monthly total of the present year. The month of June taking the honors in this respect. The major part of the month's financing, as usual, came under the refunding classification, but evidence of some expansion in issues for new capital purposes was not lacking. Municipal offerings in July reflect a sizeable falling off when compared with the total volume for June. The largest corporate undertaking for the month consisted of the $85,000,000 bond issue of the Shell Union Oil Corporation. Distribution of the issue, marked the lowest interest- reached corporate substantial bearing industrial loan to reach the market in many years, being effected by an underwriting group of some 85 members and a selling group made up of more than 700 dealers through¬ out the country. Below appear the larger offerings placed upon the market in July. 2,980,000 Missouri Pacific RR.—A banking group composed of Salomon Brothers & Hutzler, Dick & Merle'Smith and Stroud & Co , Inc., July 12 won the award of $2,980,000 of equipment trust certificates of the company on a bid of 100.139 for 2}4s. The issue was reoffered to yield from 0.75% to 2.60%, according to a maturity. The certificates were dated Aug. 1, 1939, with 10-year maturity. 1,290,000 Denver & Rio Grande Western RR.—Stone & "Webster and Blodget, Inc. and Bosworth, Chanute, Loughridge & Co. on July 6 were awarded an issue of $1,290,000 3 % equipment trust certificates of the road, maturing $86,000 annually Aug. 1, 1940-54, on their joint bid of 101.6789. The issue was not publicly reoffered. , FINANCING 9,000,000 Phillips Petroleum Co.—Company has called all its $12,000000 of privately held notes for payment Aug. 1, 1939, and has refinanced privately $9,000,000 on a 3-year basis, thereby reducing their private loans by $3,000,000. The $3,000,000 was paid from cash on hand. The payment of $3,000,000 makes a total of $6,000,000 having been paid this year out of current funds. These notes were not due until 1942 to 1945, incl. The company has no bank loans and is not anticipating any additional borrowings. The purpose of the company in refund¬ ing its serial notes was to take advantage of lower interest rates. *2,777,751 Aviation Corp.—The corporation announced July 7 that subscriptions for approximately 780,000 shares of capital stock out of a total offering to stockholders of 925,917 shares of $3 par value were received on the offering which expired July 6. Unsubscribed shares were purchased by an underwriting group headed by Schroeder Rockefeller & Co., Inc., and Emanuel &Co. * Approximate amount. 2,500,000 Ohio Finance Co.—An issue of $2,500,000 10-year 4%% sinking fund debentures, priced at 100, were offered July 28 by a group of underwriters headed by McDonald-Coolidge & Co., and including Riter & Co.; Whitaker & Co.; Stevenson, Vercoe & Lorenz, and The First Cleveland Corp. FINANCING $7,575,000 Southern Pacific Co.—A group headed by The First Boston Corp. and including F. S. Moseley & Co.; Kean, Taylor & Co., R. W. Pressprich & Co. were the successful bidders July 13 for an issue of $7,575,000 2}4% equipment trust certificates, due $505,000 serially Aug. 1 each year from 1940 through 1954. The issue was offered July 14 at prices yiolding from 0.70% to 2.60%, according to maturity. The certificates were issued under the Philadelphia plan. MISCELLANEOUS $85,000,000 Shell Union Oil Corp.—A banking group headed by Morgan Stanley & Co., Inc., offered July 19, $85,000,000 15-year 2 H % debs, due July 1, 1954. The debentures were priced at 97M and int. to yield 2.683% to maturity. Associated in the offering were Kuhn, Loeb & Co.; Smith, Barney & Co.; Harriman Ripley & Co., Inc.; First Boston Corp.; Blyth & Co., Inc.; Lehman Bros.; Lee Higginson Corp.; Hayden, Stone & Co.; Lazard Freres & Co.; Dominick & Dominick, and a list of 74 other houses. v RAILROAD made July 20 by Morgan Stanley & Co., Inc., Priced, according to the prospectus, at 107H was 91 days $100,000,000 $282,433,000 Oct. was int., the bonds show a yield of 2.69% to maturity. A block of $2,750,000 debentures out of the $25,000,000 total Subscrip¬ 5 1939 July July 4 1939 Amount of July July July i Mature 1979. and associates. and discount basis are Offering Bills Dated at $110 per share, plus accrued The offering was subject to prior right of holders of the company's 7% and 6% cumu¬ lative preferred stock to exchange their stock on the basis of one share of the new preferred plus $8,375 in cash for each share of the 7% preferred and one share of the new stock plus $2,875 for each share of 6% preferred. The exchange offer expired on July 20. the given in the following table: Offered. UTILITY FINANCING public by means of a prospectus dividends from July 15, 1939. savings bonds, the so-called baby bonds. Sales of these sav¬ ings bonds in the first 28 days of July aggregated $81,873,167 against $38,057,936 in the corresponding period of last year. As of June 30 these bonds were outstanding in the amount of $1,868,149,116, maturity value. Charles R. Dunn, as fiscal agent, offered on July 6 $12,650,000 consolidated debentures of the Federal Intermediate Credit banks at a price slightly above par. Following a heavy oversubscription, the books were closed on the offer¬ ing on the same day. Dated July 14, the debentures mature on July 1, 1940. Also on the same date $3,100,000 of the debentures were placed within the system, with the latter block maturing Oct. 16, 1939. Out of the proceeds of the sale the system retired $13,700,000 of debentures maturing on July 15, leaving $197,450,000 outstanding. Final figures on the fiscal year ended June 30, as made public in a statement by Secretary Morgenthau on July 1, showed that the net deficit, excluding debt retirements, was $3,542,000,000, compared with $1,384,000,000 for 1938 and $3,149,000,000 for 1937. Receipts totaled $5,668,000,000 as against $6,242,000,000 in the previous fiscal year, and total expenditures, exclusive of debt retirements, were $9,210,000,000 as against $7,626,000,000. The gross public debt on June 30, 1939, amounted to $40,440,000,000 as compared with $37,165,000,000 on June 30, 1938, an increase of $3,275,000,000. The details of Treasury bills sold on a 10-year maturity. $32,678,470 West Penn Power Co.—Offering of a new issue of 297,077 shares of 4H % preferred stock (par $100), cumulative, of com¬ pany, an important unit of the American Water Works & Electric Co., was announced July 18 by a banking group headed by W. C. Langley & Co., Bonbright & Co., Inc. and the First Boston Corp. The new 4 preferrec. itock was initially offered to the as June 11 MONTHLY EEYIEW ' Aug., 1939] 2,010,000 Thompson Products, Inc.—Public offering or 20,000 shares of $5 cum. conv. prior preference stock (no par) at $100.50 a share was made July 18 by a group of underwriters consiting of McDonald-Coolidge & Co.; Otis & Co.; The First Cleveland Corp.; Hayden, Miller & Co., and Shields & Co. 2,000,000 Copperweld Steel Co.—An underwriting group headed by Riter & Co. offered July 18 an issue of 40,000 shares (par $50) of cum. conv. pref. stock, 5% series, at a price of $50 Per share. Other members of the underwriting group included Hemphill, Noyes & Co.; Eastman, Dillon & Co.; Schwabacher & Co.; Singer, Deane & Scribner; A. G. Becker & Co., Inc.; Graham, Parsons & Co.; McDonald-Coolidge & Co.; Moore, Leonard & Lynch, and Schoellkopf, Hutton & Pomeroy, Inc. 1,011,000 Univertistv of Illinois—Public offering was made of July 14 $1,011,000 University of Illinois Foundation, trustee. Medical and Dental College Building Trust 4% collateral bonds by a banking syndicate composed of Charles K. Morris & Co. Inc.; Kelley, Richardson & Co.; The Milwaukee Co., and Farwell, Chapman & Co. The bonds, which mature Jan. 1, 1940 to 1956, were priced to yield 1 % to 3.58%. , Otis Elevator Co.—Dividend of 25 cents per share on the common stock, 525,000 Ashland Oil & Refining Co.—An issue of 5,000 shares of 5% cum. pref. stock ($100 par) and 5,000 shares of common stock ($1 par) was offered by the Bankers Bond Co., Inc., and Almstedt Brothers, Louisville, Ky., and Security & Bond Co., Lexington, Ky. The offering was confined to bona fide residents of Kentucky. The pref. stock was offered at $100 per share and the common stock at $5 per share. MUNICIPAL payable Sept 20. Previously regular quarterly dividends of 15 cents per were distributed. share Pennsylvania Salt Mfer. Co.—Dividend of $1.25 payable July 15. FINANCING regular quarterly dividend of 30c. a share Sivyet stock, Lathe Works—Dividend of 35c. per share on the common stock, payable Sept. 1. Previously regular quarterly dividends of 30c. per share were distributed. South Bend Spiegel, Inc.—Dividend of 15c. a share on the common stock, payable Aug. 1. This will be the first distribution on the common shares since Feb. 1, 1938, when 25c. a share was paid. (A.) Stein & Co.—Dividend on 15c. share to 35c. a a share and a regular quarterly of 25c. a share on the common stock, the former became payable July 10 and the latter on Sept. 1 next. West a Canadian share the on Hydro-Electric Corp., refunding bonds, j dividends of 50c. per share were distributed. Westvaco Chlorine Products Corp.—Extra dividend of 25c. per share in addition to the regular quarterly dividend of like amount on the common stock, both payable Sept. bearing American 7% preferred stock, cum. namely "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: FAVORABLE CHANGES Allen Industries, Inc.—Dividend of 25c. a share on the common stock payable Aug. 15. Last previous payment, amounting to 25c. a share, was made on Dec. 4, 1937. American 10c. Atlas a Stove Co.—Dividend share to 25c. a on the common stock increased from share, payable Aug. 1. of 10c. of a share on the common stock, A previous distribution of like amount was made on payable Aug. 1. Feb. 15, 1938. & Manufacturers a New York Fire Bethlehem Steel Corp.—Dividend of 50c. per share on the common stock, payable Sept. 15 to holders of record Aug. 25. This will be the first dividend paid on the common shares since Dec. 24, 1937, when a dis¬ tribution of $2.50 per share was made. Burdine's, Inc.—Dividend of 10c. a share on the common stock, payable July 27 and the first distribution since July 26, 1937, at which time 50c. a share was paid. Carborundum Co.—Dividend of 75c. a share was Citizens Utilities Co.—Initial dividend of 10c. stock, payable Aug. 10. Fairchild Aviation Corp.—Dividend 15c. a share to 20c. on the a share the common on share, payable Aug. 10. a regular quarterly of like amount July 31. on dividend of $1 a share and a the $20 par common stock, payable Brewing Co.-—Dividend of 5 cents a share on the common stock, This is the first dividend paid by the company in payable July 20. sometime. General on the common stock increased from Fidelity & Deposit Co. of Maryland—Extra Fort Pitt paid June 30 last stock. common Co.—Dividend of 25c. ^ock, payable Sept. 1. per Last previous dividend share was on paid the capital June 30, on 1937 and amounted to, at the stockholders' option, either $2 per share in or in stock at the rate of one share for each 25 shares held. cash Insurance Co.—-Dividend share was paid July 1 last on the no par common stock and compares with 10c. a share paid on April 1 and on Dec. 29 last. Inter-City Baking Co., Ltd.—Dividend from 50c. a Tire a share to 20c. a A regular quarterly the $5 par common stock on share, payable July 31. of this year. North American Rayon Corp.—Dividend of 50 cents per share on the B common shares, payable Aug. 11. This compares and class class A with 25 cents paid on Dec. 17, 1938, this latter being the first distribution made since Dec. 23, 1937, when 25 cents was also plaid. Okonite Co.—Directors at their recent meeting failed to take any action with regard to payment at this time of a dividend on the common hsares. Regular quarterly dividend of 50 cents was paid on May 1 last. Philadelphia Insulated Wire Co.—Dividend duced from 25 cents a share to 15 cents a on the common stock re¬ share, payable Aug. 15. Corp.—Semi-annual dividend on the duced from 373^c. a share to 25c. a share, payable Ventures, Ltd.—Dividend of five cents common stock re¬ July 31. share on the common stock, A distribution of 10c. was made on Jan. 4, 1939. a Walkerville Brewery, Ltd.—Directors at their recent meeting took no on payment of a dividend on the common shares at this time. Dividend of 2H cents per share was paid on April 15 last. action COURSE OF The fall in three weeks THE STOCK MARKET DURING stock JULY, 1939 prices which extended through the last of June was brought to an end as the month closed, and in July the market set out on the sharpest and least interrupted advance it had seen since June, 1938. Prices firm from the beginning of the month, but for were the first two weeks volume was extremely small and inter¬ est in the market's fact, to only 235,140 full session any In performance was decidedly limited. In July 3—a full five-hour trading day—the turnover on amounted the shares, smallest volume in the in 17 years. second week participation in the market began to Corp.—Dividend share to 75c. moderately, and the rise in prices steepened slightly. As the third week began the market was poised for a sharp advance, and so on July 17 prices were rushed up 4.06 points, as measured by the index of 50 stocks com¬ piled by the New York "Times." Volume was suddenly enlarged to 1,751,700 1,887,670 of a of $1.50 a share on the common stock, payable July 31. & New York—Dividend Nonquitt Mills—Dividend of 50 cents per share on the common stock, payable Aug. 11. Dividends of $1 were paid in May and February total distributed. Hook Drugs, Inc.—Dividend of 12J^c. Rubber of broaden Refractories Greenfield Tap & Die Corp.T-rDividend on the $6 pref. stock of $1 a share, payable July 25. This represents the first dividend paid since Dec. 15, 1937, when a regular quarterly dividend of $1.50 a share was Lee , Insurance Co. on the common stock payable July 29. share was previously distributed. payable July 29. Belden Mfg. Co.—Dividend on the common stock, par $10, Increased from 10c. a share to 15c. a share, payable Aug. 15. common $100, omitted. A regular quarterly divi¬ last. par share a 12^c. Transamerica Plywood Corp.—Dividend of 25c. par Knickerbocker Insurance Co. (N. Y.)—-Dividend on the $5 par common stock decreased from 15c. a share to 12Hc. a share, payable July 25. Merchants reduced from 25c. Dividend declarations in July were largely of a favorable The following list, divided into two sections, the $5 Insurance Co. of State of Pennsylvania—-Semi-annual dividend on the common stock decreased from 70c. a share to 60c. a share, payable July 12. JULY nature. on share, payable July 25. a dend of $1.75 a share was paid on April 1, R. 1., 2% hurricane damage rehabilitation yearly from 1945 to 1964 incl., awarded to an account headed by Blyth & Co., Inc., New York, at 100.40, a basis of about 1.97%. Reoffered from a yield of 1.20% to a price of 99.50, according to date of maturity. due IN share to 25c. a Emerson Electric Mfg. Co.—Dividend ordinarily due at this time on the 2.89%. CHANGES CHANGES Equitable Assurance Co.-—Dividend stock reduced from 30c. 1,400,000 Providence, DIVIDEND 1, UNFAVORABLE interest rates of 2 K %, 2 K %, 3 % and 3 y2%, and due annually from 1942 to 1949 incl., sold to R. W. Pressprich & Co. of New York, and associates, at par, a net interest cost of 1,093,000 Jersey City, N. J.. 2%% bonds, due yearly from 1940 to 1964 incl., were sold to Halsey, Stuart & Co., Inc., New York, at 100.368, a basis of about 3.71%. Reoffered to yield from 1% to 3.75%, according to maturity. Ltd.—Initial dividend of 10c. class B stock, payable July 25. no par Westinghouse Electric & Mfg. Co.—Dividend of 75c. per share on the common stock ($50 par value), payable Aug. 31. Previously quarterly price of 99 for the longer-dated obligations. La., the common stock increased Tapm 15c. on (State of) certificates of indebtedness, due from 1954 incl., taken by a syndicate headed by Blyth & Co., Inc., New York, as lMs, at a price of 100.057, a basis of about 1.24%. Reoffered from a yield of 0.35% for the earliest District, on share, payable July 17. a Virginia Coal & Iron Co.—Extra dividend of 50c. 1942 to about the no par common stock increased from share to 25c. a share, payable Aug. 15. i United Chemicals, Inc.—Dividend of $2 per share on account of accumu¬ lations on the $3 cum. pref. stock, payable Sept. 1. This payment will clear up all accruals up to and incl. June 1, 1935. 1,587,000 Maryland bonds, a Technicolor, Inc.—Dividend Pa., Carolina (State of) 1^% highway certificates of indebtedness, due from 1941 to 1950 incl., sold to a group managed by Halsey, Stuart & Co., Inc., New York, at 100.084, a basis of about 1.74%. Reoffered to yield from 0.75% to 1.85%, according to maturity. Levee Steel Castings Co.—Dividend of 25c. a share on the common payable Aug. 10. Last previous payment amounted to 12 Kc. 1938. share and was made on June 10, a 1,750,000 South 1,500,000 Orleans share to a 2,729,000 Atlantic County, N. J., 3refunding bonds purchased by B. J. Van Ingen & Co., Inc., New York, at 99.40, a basis of about 3.57%. Due annually from 1940 to 1959 incl No immediate reoffering. a stock, both common Co.—Dividend on the common stock increased from 30c. 50c. a share, payable Aug. 1. Sherwin-Williams Co.—Dividend of $1 per share on the common stock, payable Aug. 15. Previously regular quarterly dividends of 50c. per share were distributed. bonds awarded to an account headed by Lehman Bros, of New York, as 3s, at 100.63. a basis of about 2.95%. Due serially from 1944 to 1964 incl, and reoffered to yield from 2% to 3%, according to maturity. maturing bonds to the Seton Leather 3,950,000 Boston, Mass., W\% and 2% bonds, due yearly from 1940 to 1959 incl., purchased by Phelps, Fenn & Co., Inc., New York and associates, at 100.19, a net interest cost of about 1.915%. Reoffered to yield from 0.40 to 2.35%, according to interest rate and maturity. District, share in addition to the a on payable Aug. 1. 6,150,000 Pittsburgh, Pa., various issues were taken by Halsey, Stuart & Co., Inc., New York and associates, at a price of 100.044 for 1.80s, a net cost of about 1.795%Due serially from 1940 to 1959 incl. and reoffered on a yield basis of from 0.25% to 1.90%. School Co.—Extra dividend of 20c. Cream Rich Ice $35,000,000 New York, N. Y., obligations, comprising $17,000,000 2H% corporate stock, due July 15, 1969, and $18,000,000 2H% and 4% serial bonds, due from 1940 to 1979 incl., awarded to the National City Bank of New York' and associates, at 100.029, a net interest cost to the city of about 2.79%. In reoffering the securities, the banking group priced the 30-year 2%% corporate stock at 98 and accrued interest, while the 2%% and 4% serial bonds were scaled to yield from 0.30% to 2.85%, according to coupon rate and date of maturity. The financing was for new capital purposes. 3,750,000 Philadelphia share on the $50 par a stock, payable Sept. 15. common (Geo. E.) Prentice Mfg. Co.—Extra dividend of $1 a share and a regular quarterly dividend of 50c. a share on the common stock, par $25, both on the common stock increased volume since remained shares, shares and on changed the following day hands, March. Throughout the the firm on side, and it was the third best week until not a day's prices the 25th that the month's high for the price index was attained. In truth, however, the market spent much of its strength in on the 17th, and from then on to the month- share, payable Aug. 1. Louisville & Nashville RR.-—Dividend of $1.25 a share on the common stock, payable Aug. 30. This compares with $1 paid on Feb. 28, last. Midvale Co.—Dividend of $1 25 per share on the capital stock, payable Oct. 2. This compares with $1 paid on July 1, last; 75 cents paid on April 1, last; $2.50 on Dec. 17, 1938; $1 on Oct. 1, 1938 and 75 cents on July 1 and April 2, 1938. that sheer rise Morse Twist For the month as a whole transactions totaled 18,067,920 shares, compared with 11,963,790 shares in June and 38,778,575 shares in July, 1938. It was the largest volume since April, but for a July it was the smallest turnover Drill a & Machine Co.—Dividend on the common stock in' a share, payable Aug. 15. Insurance Co.—Extra dividend of 10 cents per share in addition to semi-annual dividend of 75 cents per share on the capital stock, par $10, both payable Aug. 1. Previsouly extra dividends of 35 cents cind regular semi-annucil dividends of 50 cents per shnre were creased from 50c. New Brunswick a share to $1.50 Fire distributed. New York Air Brake Co.—Dividend of 50c. share on the common stock, payable Aug. 1. This will be the first dividend paid since March 1, 1938, when 25c. a share was distributed. Ontario Steel Products Co., Ltd.—Interim dividend of 60 a cents per share payable Aug. 15. A dividend of 50 cents was paid 1938, this latter being the first paid since Nov. 15, 1931, when 20 cents per share was distributed. Outboard Marine & Mfg. Co.—Dividend on the common stock increased on on the common stock, Aug. from 40c. 15, a share to 60c. a share, payable Aug. 10. end prices milled about balance. point the without extending their advance on The closing level for the month was only 0.03 of a above the index price at the close of dealings on 17th. since 1923. failure After of prices the flareup in the third week and the extend their rise, in the fourth week to volume began to dwindle once more and the turnover during the concluding session of the month amounted to only 519,990 shares. $119,431,000 In the par from the June total for any bond market volume value, representing total month amounted to decrease of $7,139,000 and constituting the second smallest in the last a 21 years. Of this total, United - States for accounted securities Government $5,137,000 as against $6,821,000 in June; other domestic bonds, $100,622,000 as against $102,189,000, and foreign bonds, $13,672,000 as against $17,560,000. As for the stock market, the rise in the index was 9.2%, leaving prices 20% above their April low. The average of 50 Stocks advanced 8.55 points as compared with a decline 4.38 of points in June. With a rise of 2.47 points, or 12.6%, the 25 railroad stocks were relatively stronger than industrials. the The the rail stocks was aided by the enactment into law of the Chandler bill facili¬ performance of tating railroad reorganizations, with the Baltimore & a departments motors, the coppers Loft, off the seemed issues, and utilities, in the order named. and sensational steels, By far performer^ however, was touched advance in the stock market during July. The rise to spring from a diminution in the quantity and was clear-cut one no of unfavorable quality development which rather than from any factors one affirmatively favorable influence. The recession in busi¬ after seasonal adjustments, was arrested in April and ness, Board the of Governors of Federal the System's Reserve advanced five points to 97 in June. In other words, the fact that busi¬ ness was displaying a tendency to rally was becoming mani¬ fest in June, a month of declining stock prices. This re¬ covery was carried over into July, particularly in steel production, which rose in the last week to 60.6% of capacity, the highest rate, except for the temporary peak last Novem¬ ber, since October, 1937. The July stock market was improved, it appeared, be¬ cause of the absence of any fresh menaces to peace in Europe and of the indication that Congress was becoming increasingly independent of executive domination, as evi¬ denced by the decision of the Senate Foreign Relations Committee to defer consideration of the neutrality bill until the next session, the rejection of the Mead bill, providing for Government guaranty of loans to small business, and the whittling operation to which the Administration's anxiously-sought spending-lending bill was subjected. The Danzig problem still hung like a dark cloud over world markets, but in the absence of a fresh crisis the tension in Europe and the feverish armament efforts which the index, after Powers vide activity in the to pro¬ United especially for copper, were com¬ ing to this country in some volume, owing to Europe's great need for raw materials and the fact that plant capacity in Foreign industrial to stimulus some States. May, least momentarily served at making were in unchanged holding orders, few of the countries was already being fully employed. a In moment a of pique the failure over of Congress said that the decision to postpone action on neutrality until of Congress had already ended "a nice session next little business boom." The markets accept Mr. Roosevelt's appraisal not that weakness the in rise in stock possible was prices was the circum¬ the in face of drastic grain prices. Wheat and corn broke to the lowest levels since October, 1933, before rallying modestly in the concluding attained best the Government week of levels estimate the since of the month. Cotton, however, August, 1937, following the second smallest acreage for harvest since 1899. Certain industrial hides, silk, As to copper, raw materials, such as zinc and lead, advanced during the month. the fluctuations ical & Dye rose from close July 31 at 172. in individual stocks, Allied Chem¬ 160 July 3 to 17214 July 25, with the American Tel. & Tel. advanced from 157% July 1 to 168 July 26, with the close July 31 at 167%. Consolidated Edison Co. of N. Y. stepped up from 29% July 1 to 33% July 27, with the close July 31 at 32%. General Electric rose from 32% close July 31 at 38. from 44% July 1 to 39% United States July 24, with Steel moved the forward 3Ms 1943-1947 3 Ms Steel In the railroad list Atchison Topeka & Santa Fe reached its peak July 25 at 31% and its low point July 31 at 108%. Baltimore & Ohio 4% July 10 to 6 July 28, closing July 31 Chesapeake & Ohio rose from 30% July 1 to 36% moved ahead from 5%. July 17, with the close July 31 at 34%. Delaware & Hud¬ shot up from 14 July 1 to 18% July 21, with the close July 31 being at 17%. New York Central reached its high July 25 at 16% and its low July 1 at 13, and closed at 15% on July 31. Southern Pacific advanced from 11% July 1 to 15% on July 24, and closed at 14% on July 31. Southern son July 110.8 July 110.24 July 111.21 July 112.18 July 1949-1952 111.1 1946-1948 July 3s__ 1951-1955 2Ms 1955-1960 108.21 110.24 July 108.20 July 2Ms 1945-1947 109.10 109.8 2Ms 2Ms ...1948-1951 1951-1954 1956-1959 2 Ms 2 Ms 107.8" 2Ms 2 Ms 2 Ms July 19 116.2 July 5 11 115.29 July 29 103.15 July 31 105.20 July 22 July 108.30 July 107.26 July 5 110.24 July 26 106.15 July 3 110.19 July July 5 1,11.1 5 112.8 112.16 July 109.31 July 109.22 July 109.18 July 109.9 July 108.19 July July July 5 108 July 106.28 106.28 July 108.20 July 108 July 108.12 July 5 108.30 July 105.31 105.28 July 1 7 108.24 July Treasury 2 Ms 1949-1953 1950-1952 105.28 July ..1947 105.10 July 3 107.9 July 3 107.7 July 5 105.28 July 22 109.22 July July 5 109.1 Treasury 2s_ 31 31 110 T 9 111.1 3 27 111". 16 27 31 21 109.26 109.22 28 29 27 109.5" 27 10 28 28 108 108.13 107.29 27 26 Mtge. Corp.— 17 109.20 July 3 106.10 July 28 10 106.4* 105.22 July 19 105.27 July 11 108.20 July 3 108.31 July 21 100.3 July 3 105.4 July 11 3MS 1944-1964 3s 1944-1949 109.20 July 108.26 July 3s 1942-1947 106 2Ms 1942-1947 Home Owners' Loau Corp.— 3s series A 1944-1952 2Ms series B. 1939-1949 100 2Ms series G lMs. 1942-1944 104.24 July 101.22 July 1945-1947 July 1 Foreign Bonds July 5 102.4 Argentine external 4 Ms Australia 5s of 1925 .1971 Belgium (Kingdom) 6 Ms .1949 Brisbane .1957 7 July 7 July 31 Range During July, 1939 Closing .1955 104 M .1952 110 M Denmark 6s .1942 96 M French 7 Ms stamped .1941 German (Rep) 7s stamped. .1949 _ New South Wales (State) 1963 Queensland (State) ext 7s. . 87 M July 13 98 July 5 1 106 July 31 6 94 July 18 93 M 28 110M July 6 109M 98 M July 14 3 July .1941 - - — July 29 109 M July 12 July 27 22 M 72 23 M July 20 79 H July 96 M July 100M July 13 5 6 104M July 18 15 61M July July 1 102 M July July 17 1995 58 M 58 M July 1927 . 6" • - 125M 1 27 7M 45 M July 10 7M July 52 M July 102 M July 28 103M July 18 10 M July 27 80 M July 47 July 5 1 86 M July 53 July 25 " 97 M July 67 M July 3 99M July - • - 51 103 M 25 67 M .. - «. - - - - - - 1955 - 1946 C—1978 1963 12 July July 5 47 B.1947 Kan City Sou ref & impt 5s.. 1950 Mo Kan Tex cum ad) 5s.__.l967 43 M 106 M 1 70M July 22 29 10M _ 51 M 70 M 7M July 7 9M July 18 36 M July 11 27 39 74 11 39 M July 77 July 26 76M 52 July 21 51 20 107 M July 3 71M July 27 July 43M July 106 M July 66 ..1997 Northern Pacific 4s 14 125M July 7 Internat Paper 5s ser A & New York Steam 3 Ms 13 88 M 1 21 8 1963 NYC&StL 4Ms series 110M M July 102 M 1977 New York Central 3Ms.. 76 M 64 28 83 M July 6 1967 Morris & Essex 5s 31 124 M July 83M .1977 Great Northern gen 4 Ms July 34 M July 5 31M July 18 64 1 Chic Milw St P & Pac 5s A..1975 Columbia Gas & El 5s_May 1952 Price July 111M July 1 109 M July 1950 1992 C C C & St L 4 MS series E. - 79 5 109 M 32 - Closing Highest Lowest 71M July A-C.1967 - July 31 Range During July, 1939 Price 100M 5J Opening Alleghany Corp coll trust 5S.1944 Amer & Foreign Power 5s 2030 73 M 7 20 59 60 Bonds Erie ref & impt 5s of <f 24 109 M 98 M July Railroad and Industrial ser 97 M 106 July 94M July 74M , (City) external 6M8. .1952 Atch Top & S Fe gen 4s. 86 M 3 21 5s.1957 Norway 4s 96 108 109 .1954 Japanese Govt 6Ms 86M July 96 July 104 M July 8 109 M July Price Highest Lowest 89M July 86 M (City) 5s Canada (Dominion) 5s Bost & Maine 1st 5s 108.27 6 Opening Price Rome 105.13 5 21 Treasury 2 Ms Federal Farm 10 14 113.14 July 111.21 July 3 5 10 3 3 3 3 3 lie"!" 7 27 107.6 1948 29 July 107.5 .1958-1963 1960-1965 1945 July 1 8M 6 • 70 M Pennsylvania RR deb 4 Ms.-1970 82 M 82 M July 1 89 M July 25 88 M ..1952 1968 79 M 79 M July 107 M July 1 86 M July 108 M July 28 3 86 M 108 M Conv deb 3.M8-. S'western Bell Telep 3s Warner Bros Pictures 6s Western Maryland 1948 1st 4s—1952 VOLUME - • - - 82 M OF BUSINESS ON 1939 Month of July Stock sales—No. of shares Bond sales (par value)— 18,067,920 $ 7 July 6 92 July 10 82M July 1 85 M July 28 89 THE STOCK EXCHANGE 1936 1937 1938 38,773,575 34,793,159 20,722,285 S S 90 M 85 M S 100,622,000 152,580,000 United States Govt 13,672,000 5,137,000 18,167,000 7,518,000 11,632,000 220,710,000 23,338,000 38,523,000 Total bond sales 119,431,000 178,265,000 160,504,000 282,571,000 155,938.758 249,593,212 295,547,699 Railroad & mlscell Foreign government... 124,028,000 24,844,000 Jan. 1 to July 31— Stock sales—No. of shares Bond sales (par value)— Ry. climbed from 13% July 1 to 18% July 22, closing at 17% July 31. Northern Pacific rose from 7% July 1 to 10% July 27, closing the month at 9%, and Union Pacific rose from 92% July 3 to 101% July 18, the close July 31 being at 98%. • 126,832,005 8 Railroad & mlscell 762,751,000 Foreign government... 142,127,000 United States Govt.... VOLUME 51,148,000 $ • S $ 821,454,000 1,369,445,000 1,689,201,000 197,222,000 216,671,000 140,023,000 85,415,000 278,741,000 184,515,000 956,026,000 1,046,892,000 1,864,857,000 2,070,938,000 Total bond sales July 1 at 25, with the close July 31 at 29. at iib~II 1946-1949 3s_ July 106.9 1941 1943-1945 1944-1946 3Ms 3Ms 103.6 105.13 July 110.14 July 1941-1943 ... 3Ms 3Ms 3Ms 10 3*. 14 5 122.1 July 115.23 July 115.14 July 1946-1956 Sale Highest July 1 to 55% July 24, with the close July 31 preferred was at its highest July 26 at 111% and at its lowest July 1 at 106, with the close July 31 at 110. Westinghouse Elec. & Mfg. touched its highest point July 25 at 110% and its lowest point July 1 at 91, closing at 52. 1944-1954 .1940-1943 111 Cent St L & N O 5s A feature of the advance stance 121.7 3 Ms of the effects of the con¬ they did not yield any measurable part of their Lowest 1947-1952 4Ms 4s 3 Ms Chesapeake & Ohio 4 Ms previous advance. Last First Sale Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury July 31 Range During July, 1939 July 1 Government Bonds Brooklyn Union Elev 5s prepared action. After this remark by the President, on July 21, the markets did not add to their gains, but at the time ernment obligations and a considerable number, likewise, of domestic corporate and foreign government bond prices: to were gressional same In the following table we show, as usual, the fluctuations for the month in the different issues of United States Gov¬ to accept his advice on the neutrality bill, President Roosevelt the bonds. Ohio of the lower-priced issues. one There manufacturing the were active most Bond prices in July, according to the New York "Times" index, advanced 1.99 points, the best progress made since last October. Government securities rose slightly, as did the highest grade corporate obligations. The most marked firmness, though, was in medium and lower grade railroad Among the industrials, the strong¬ particular beneficiary. est 13 MONTHLY REVIEW Aug., 1939] OF BUSINESS ON THE Month of July Stock sales—No. of shares Bond sales (par value)— 1939 2,740,674 $ CURB 1938 5,189,381 $. EXCHANGE 1937 4,952,945 $ 1936 8,511,143 $ 36,916,000 Domestic Foreign government... 34,542,000 28,971,000 59,373,000 257,000 631,000 906,000 1,238,000 Foreign corporate 360,000 420,000 508,000 950,000 Total bond sales 37,533,000 35,593,000 30,385,000 61,561,000 Jan. 1 to July 31-— Stock sales—No. of shares Bond sales (par value)— 22,215,637 $ 269,439,000 25,925,812 $ Foreign corporate 2,812,000 3,429,000 197,222,000 4,173,000 3,732,000 Total bond sales 275,680,000 205,127,000 Domestic Foreign government... ' <■ 70,964,277 S 83,411,412 $ ***4 273,969,000 521,940,000 8,309,000 11,524,000 6,837,000 7,966,000 289,115,000 541,430,000 MONTHLY REVIEW 14 Commercial DURING JULY THE MONEY MARKET further increase in member bank deposits and another moderate decline in holdings of Gov¬ ernment securities by the Federal Reserve banks, excess member bank reserves experienced a further sharp expan¬ Notwithstanding the during the past month, when their total reached a new sion As for some time past, the chief of $4,490,000,000. peak volume of reserves were the excess disbursements from its deposits with the factors in swelling the Government of banks, and the continued flow of gold to Federal Reserve A noteworthy development during the month the further increase in commercial borrowings, which, this country. was while in part attributed to revival in trade and industry, of term loans for the purpose ties. Although clined amount the seasonally, of refunding existing securi¬ outstanding currency de¬ remained relatively at high levels, indicative of a moderate expansion in business, on the one hand, and to the recent absorption by foreigners of United States currency notes, for hoarding purposes, on the other hand. Direct Government financing was again of $100,000,000 of 91-day Treasury bills to replace similar maturities. In addition, the Treas¬ limited to weekly issues July 24 offered $200,000,000 two-year %% notes of Commodity Credit Corporation, for which total subscrip¬ ury on the tions into the the gold to to flow resulting net the stock was limited to approximately $130,000,000, because again a large part of gold arrivals were earmarked for foreign account, bringing the total of such earmarked holdings to $1,300,000,000 July 31. Gold imports during the which Canada month aggregated $272,900,000, of England sent $181,800,000, Holland $45,500,000, sum Japan $11,000,000, Switzerland $5,$3,800,000, Mexico $3,300,000, China $2,400,000, Colombia $2,100,000, and India $1,600,000. The gold stock of the country rose to a new peak of $16,240,000,000 July 31. Discount holdings of the 12 Reserve banks de¬ creased from $5,370,000 June 28 to $4,696,000 July 26, while bills bought in the open market continued virtually un¬ changed at the nominal figure of $558,000 Juty 26 against $556,000 June 28. Total member bank reserves rose steadily from $10,115,744,000 June 28 to $10,436,286,000 July 22. $14,200,000, 600,000, Australia Under the influence of the money rates reservoir of idle funds, enormous by the yields reflected as and notes continued to show a on Treasury bonds declining trend, with average yields on Treasury bonds receding from 2.21% June 30 to 2.14% July 28, and those on Treasury notes from 0.48% to 0.42%. On the other hand, yields on Treasury bills, partly as a result of the reduction in holdings of such paper by the Federal Reserve banks, stiffened slightly from 0.005% to 0.019%. On the Stock Exchange the rate for call loans remained unchanged at CALL LOAN RATES THE ON NEW Bank of New Reserve Federal the York 1%. YORK EXCHANGE STOCK July 1... July 2... July 3... July Renewal High 4... Low 17__ Renewal High 1 1 1 July 18__ 1 1 1 July Saturday 19.. 1 1 1. 1 1 1 1 July Sunday 1 1 1 July 20_. 1 July 5... 1 1 1 July 21.. 1 July 6... 1 1 1 July 22_. Saturday July 7... 1 1 1 July 23.. Sunday Holiday 8— a $180,700,000 of open market commercial paper out¬ standing on June 30 compared with $188,000,000 at the end of May, and $225,300,000 on June 30, 1938. total of RATES £OR MONEY AT NEW YORK Week Ended- July 8 July 15 July 22 July 29 1@1 1@1 1@1 1@1 1 1 1 1 IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK IK iK IK IK K@K K@K K@K Exchange: Range for week (mixed & Ind. collat.) Week's aver, (mixed & Indus, collat.). Time loans (mixed & Indus, collateral): Call loans on Stock Thirty days Sixty days Ninety days - Four months Five months Six months ...—... Commercial paper: Double and single names: Prime 4 to .6 months — . K@K Good 4 to 6 months remained inactive. abatement, available offerings continued small and entirely inadequate to meet bankers' in Trading acceptances While the demand for bills showed no Total outstanding acceptances, according to of the Acceptance Analysis Unit of the requirements. the monthly survey Bank Reserve Federal of New York, published July 14, $244,530,440 against $246,574,727 May 31, and $264,222,590 June 30, 1938. Import bills declined from $81,994,101 May 31 to $81,427,298 June 30, export bills from $50,785,525 to $45,351,137, while domestic shipment bills increased from $7,192,894 to $8,398,946, domestic warehouse credits from $28,446,812 to $30,201,205, and bills based on were goods stored in or shipped between foreign countries from $58,741,728 to $59,538,474. Bills held by accepting banks totaled $191,304,534, of which sum $121,856,899 represented own bills and $69,447,635 bills of others. Rates for bank¬ ers' acceptances continued to be quoted at %% bid and 7/16% asked for 30-day, 60-day and 90-day bills, at 9/16% bid and %% asked for 120-day bills, and at %% bid and 9/16% asked for bills running 150 and 180 days. The New York Federal as Reserve conditions cussed in Bank in its "Monthly Review" the market for bankers' dis¬ acceptances follows: for bills during July by reason of the limited amounts of acceptances released by acceptors to dealers for resale in the open market. Investment de¬ mand remained active and largely unfilled. Dealers' offer¬ "Activity continued in to the be discount market restricted small proportions to ing rates continued at levels previously quoted. Low that announced received from commercial paper dealers showed returns continued but in large amounts, country accession Gold $2,583,000,000. aggregated %% to %% for average grade prime four- to six-month was reported, although the larger volume of trans¬ actions occurred at the lower rate. Under date of July 21 of paper also due to the placing of total its was by banking active call in contra-seasonal somewhat a continued paper with available supplies remaining far short of the existing demand. No change in the prevailing range investors, The total outstanding at the end of June was $245,000,000, or approximately the same as at the end of May. Some further decrease occurred in export bills, but slight increases in most of the other classifications largely volume of acceptances offset this The decline. decline from a year ago in bills outstanding diminished slightly further in June." July 24. 1 1 1 July 9... July 25__ 1 1 1 July 10... 1 1 1 July 26__ 1 1 1 July 11 1 1 1 July 27__ 1 1 1 July 12.._ 1 1 1 July 28 1 1 1 July 13— 1 1 1 July 29.. July 14___ 1 1 1 July 30__ July 15— Saturday July 31__ July 16... Sunday July Saturday Sunday ft — . __ PRIME on 180-day loans. 1 1 1 Saturday 2 security collateral were unaltered at 1%% for 90-day loans and 1 V2% Although trading in securities expanded moderately during the month, few requests for new accom¬ modations were received, and transactions, concerned in the main the renewal DAILY 90 Days 150 Days 180 Days 120 Days Secured by 30 Days 60 Days Accept'ces Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Sunday 1 the nominal quotations of for RECORD OF TIME as heretofore, of older loan contracts. LOAN ACCEPTANCES Call Loans July Saturday Sunday 3 Time loan rates BANKERS' m « - - - - - — m. m K®7i« Holiday 9i #®K K®91# K®916 K®7IB 9u®K 8i«aK K®9u Ka91« Ka'is Ka7is K®716 Ka'u K®7is _ Ka71« Ko'it m Ka7i« Kfl7» » Ka7 is Ka7i# 916®K K®9u Ka9 is 4 5 6 7 «. 8 9— Sunday 10— Kfl't 8 Ha'n Ka7ie 9i«aK K®9i« 11 Ka7i6 K®716 K®716 K®716 K®716 9n®K Ka91« 9ioaK Ka'is K®918 K®916 K®916 K®716 9lt®K Ka9is K®916 K®7ie 9u®K K®916 Ka9is K®918 Ka'ifl K®915 K®918 K®916 K®916 K®916 K®916 Ka9ie — K®716 13 RATES 12 K«716 K®716 14 K®716 K®718 30 Days 60 Days 15 Mixed Collateral on 90 Days Saturday 16 Rates Sunday 5 Months 6 Months K®716 K®7i« Ka7i« 9i«aK K®716 K®718 K ®716 »16®K Ka7u K®71S K®716 •IBOK 20— 4 Months Ka'u K®7! 6 9naK 21 K®716 K ®716 K®'i« K®716 17 — •. m m m ' ' 18— 1... 2... 3... IK IK 4... 5_*_. 6... 19 Satur day Sun day IK IK IK IK IK IK IK — Ka9 is K®918 ' IK IK 22 Holi day IK IK IK K®918 Saturday IK 23— IK IK IK IK IK 24— IK IK IK 9i«aK Ka9 is Saturday Sunday - - . L, Ka7is K®7i« 9i«aK Ka7is Ka7i# 916®K Ka" is Ka9is K®716 K®7i8 , Ka7i« K®716 K ®718 916®K K®918 K®916 916dK Ka9 is 9isaK K®9i» K®916 916®K K®9ie K®916 25— K®7i« 8... Satur day 26 K®716 9.., Sun day 27 K®7IB IK 28 K®7ie K ®716 K®716 IK 29 Saturday IK IK IK 30 Sunday IK 31.... IK IK 7... 10... IK 11... IK IK IK IK IK IK IK 12... IK IK IK IK IK 13... IK 1.K IK IK 14... IK IK IK IK 15... IK IK Satur day 16... 1.K IK IK IK IK IK 19... IK IK 20... IK IK IK IK 21... IK IK IK / IK IK IK IK IK IK IK IK IK IK IK 23... IK IK IK IK IK IK IK IK IK IK IK IK 27... IK IK IK IK IK IK IK IK IK IK 28... IK IK 29... IK IK IK Satur day 30... IK Sun day IK IK IK YORK CITY of the Federal Reserve banks and the IK implement in the industrial and agricultural loans. The investment portfolio changes made by the Federal Open Market Account led to the first sizable reduction in Federal Reserve credit in use, traceable to affirmative action by the system, since January, 1933. This .policy of failing to< replace all of the bill maturities in the Federal Reserve banks' portfolio was inaugurated in demand IK IK LOANS IN NEW IK 25... IK ^1K RESERVE BANKS— IK 26... 24... L5a7 is THE FEDERAL K®916 The chief developments of the month in the banking posi¬ tion were the further reduction in the Treasury bill holdings Satur day Sun day 22... OF BROKERS' IK IK K®716 K®7i6 RETURNS Sun day 17... 18... . for commercial, the week June 21, as noted in these columns last month. The move, as the authorities explained in a statement issued June 29, was not designed to be a major change in credit policy. Rather, the move was ascribable to the difficulty which the Federal Open Market Account was experiencing in replacing all of its maturing bills except at or near a no-yield basis. In the week ended June 28 the account did not re¬ place $13,378,000 of its discount bill maturities. In the fol¬ lowing week—that ended July 5—the maturities were fully replaced. In succeeding three weeks, however, some runoff of maturing bills was permitted, with the result that for the five weeks to July 26 the bill holdings of the Federal Reserve banks declined from $476,816,000 to $401,020,000, a reduc¬ tion of $75,796,000. The resulting enlargement in the market supply of discount bills available for purchase was accom¬ panied by a slight hardening in the bill rate from 0.005% to 0.019%. The system's investment in Treasury bonds and Treasury notes was unchanged at $911,090,000 and $1,176,109,000, respectively. The decrease of $62,418,000 in the Federal Reserve banks' Government securities portfolio in the four weeks ended July 26 was the most important influence making for the reduction of $55,000,000 in the volume of Federal reserve. The loss of reserves which the banks suffered through the system's failure to replace part of its maturing bills, however, was more than wiped out by the additions to reserves from other sources. In fact, actual member bank reserves ex¬ panded $310,542,000 to a total of $10,436,286,000 in the four weeks from June 28 to July 26 and excess reserves increased $250,000,000 to an all-time high at $4,490,000,000. The rise in surplus reserves lagged behind the upturn in total reserves because bank deposits, as had been the case for several months, were sharply on the increaase. The main 15 MONTHLY REVIEW Aug., 1939] sources from which additional to the accounts of member banks reserves flowed the decrease of $219,- were 694,000 in the Treasury's deposit balance in the Reserve banks, the $134,000,000 rise in the gold stock to a further new high at $16,227,000,000 and the decline of $53,000,000 in Treasury cash. The decrease in Treasury cash was in reflection of the fact that the Treasury was depositing with the Reserve banks gold certificates against its free gold. Deposits of gold certificates in the four week period aggre¬ gated $203,503,000 as against the increase of only $134,000,000 in the gold stock. In addition to the decline of $55,000,000 in Federal Reserve credit, other offsets to the additions to bank reserves included the $40,000,000 expan¬ sion in currency circulation and the $7,000,000 increase in non-member deposits and other Federal Reserve accounts. Currency circulation increased $138,000,000 in the week ended July 5 in response to month-end and holiday demands , and by July 26 only $98,000,000 of the currency so paid out had been returned to the Reserve banks. Foreign central bank deposits with the Federal Reserve banks decreased $63,438,000, while other deposits increased $76,321,000. Bills discounted for member banks declined $674,000. Industrial advances, which had been on the decline, showed an increase in the four week period of $139,000 and commit¬ ments to make advances were up $301,000. As for the weekly reporting banks in New York City, their total loans and investments increased $49,000,006 in the four weeks to July 26, thereby attaining a new high since September, 1937. Loans increased $54,000,000, the prin¬ cipal cause being the rise of $30,000,000 in loans to com¬ merce, industry and agriculture. Ignoring the influences usually making for a decline from late spring up to mid¬ commercial loans have increased $50,000,600 in the reporting New York City banks since the end of May. loans expanded $51,000,000 in the week ended July 26, owing to the rise in the stock market and the increased borrowings by investment bankers. Loans to others for purchasing or carrying securities, however, declined $13,000,000. Street loans, as compiled by the New York Stock Exchange, increased $16,505,281 during July to $553,767,240 July 31, 1939 from $537,261,959 June 30, 1939. A year ago, ou July 30, 1938, the amount of these loans out¬ standing was $493,615,933. COURSE OF STERLING EXCHANGE IN JULY Sterling exchange in July, as since early in April, continued steady with cable transfers generally fractionally above $4.68. While for both commercial and tourist requirements rates should seasonally favor sterling as against the dollar, the dollar was in steady demand abroad, due entirely to war fears which constantly drew sterling and other currencies into dollars. The steadiness of rates and narrow fluctuations were due chiefly to the activity of the exchange equalization funds, though seasonal requirements for foreign currencies to meet both commercial and tourist needs reduced to extent the a considerable necessity for intervention by the British equaliza¬ tion account. Of moment to foreign exchange traders was the passage of a the United States Congress continuing the President's power to devalue the dollar and the $2,000,000,000 exchange equalization fund. measure by On June 29 the British of the Treasury made public the condition gold holdings in the Exchange Equalization Account of March 31, 1939. The fund was shown to have at that time 49,490,000 fine ounces. At the'same time the Issue as Department of the Bank of England held 30,459,000 fine making a total of 79,949,006 fine ounces. Valued at 148s. 6d. an ounce, the total holdings represented about £594,000,000. ounces, The report showed that the a Equalization Fund had only relatively small amount of foreign currency on March 31. The statement indicated a drop of £138,000,000 in the gold stock in the six months ended March 31 and of £292,800,000 in the full year. The decline in the shock to foreign gold stock was a distinct exchange and banking circles which had not anticipated at the worst a decline of more than £110,000.000 The most significant event affecting the future of foreign exchange was probably the disclosure that on July 12 the Bank of England bought £20,002,848 of gold bars, or approximately $93,613,327, from the British Exchange Equalization Account, making payment by the transfer of Government securities, with the result that the credit situation in the London money market was not affected by the operation. The acquisition of the gold was deemed necessary owing to the rapid increase in the circulation of the Bank of England, which is expected to expand still further with the August holiday. On July 5 the Bank's statement showed that reserves had declined to 13.9%, as compared with the high of 37.6% on Jan. 26. Had the reserve not been strengthened by the gold purchase, the reserve ratio would doubtless have fallen below 10% and would have had a serious effect on sterling. In the drain of August, 1938, the reserve/ratio fell to 18.8%. The ratio on July 5 compared with 13.8% during bank the Munich crisis. , The Bank of England statement as of July 26 indicated a circulation of £510,898,000, the highest level in the note history of the Bank. circulation were Factors contributing to the record high the increased business demand for money, Term loans, the new type some hoarding, and early withdrawals for the August bank holiday. Since the Munich crisis last September the British banks have shown a tendency to keep large amounts of notes banks have in both the London and provincial offices to meet the summer, of longer dated loan in which the recently been specializing, have accounted for a good proportion of the increase in total (commercial loans. By virtue of their expansion in June and July, commercial loans in New York City on July 26 had risen above the spring peak and were at their best level since last November. The other main demand from cause brokers of the demand in total loans and dealers was the in securities, as noted below. Loans to banks were up $20,000,000, but other loans dropped $11,000,000. Investments of the 16 reporting New York City banks decreased $5,000,000, with Treasury bills off $25,000,000, Treasury notes up $6,006,005, Treasury bonds up $8,000,000, Government guaranteed issues higher by $19,000,060 and other securities off $13,006,060. Demand deposits-adjusted increased $226,(XX),000 to a new record high at $7,804,000,000.. Loans and investments of the weekly reporting banks in 101 cities increased $102,000,000 in the four weeks from June 21 to July 19, loans being up $44,000,000 and invest¬ ments $58,000,000. Loans to commerce, industry and agriculture increased $70,000,000 to the best level of the year at $3,893,000,000. The weekly reporting banks out¬ side New York City displayed greater interest in Treasury bonds than had been item for the 101.cities their was wont, as the increase in this $72,000,000. Holdings of Trea¬ bills increased $18,000,600 and Treasury notes were up $11,000,000. Government guaranteed issues increased $32 ,000,000, but other securities decreased $75,000,600. De¬ mand deposits-adjusted rose $149,000,000 to a new peak at $17,387,000,000. Loans of the reporting New York City banks to brokers sury and dealers increased in securities—the $27,000,000 to a so-called total of brokers' $523,(X)6,o6o. loans— These re¬ quirement of British industrial interests and other owners of capital for ready cash, in itself a form of hoarding. Undoubtedly the prosperous condition of industry in Great Britain is also an important 1 factor in the increased circulation. Unemployment had dwindled to inconsiderable proportions by July and in many lines of industry there was a shortage of skilled labor. The armament program was responsible for the major part of the increase in industrial activity, for during the past six months financial London continued to display such hesitancy that the city itself was classified as a distressed area. There was no foreign lending or any important domestic issues. The great housing pro¬ gram which had been a feature of the improvement in British business for several years ending in 1937 had virtually ceased. Figures published in July show that during the month of June housing construction was 29% below that of a year ago, while construction reflecting defense activities had advanced 19%. The war scares were responsible for the interruption of the housing effort. Despite the large movement of gold to the United States since the World War, figures published by the Federal Reserve Board in July indicate that the leading foreign countries have made substantial increases in their gold holdings. The Reserve Bulletin estimated that the gold reserves of the foreign central banks in July amounted to $11,000,000,000, as compared with less than $3,000,000,000 at the end of 1913. The combined gold reserves of the five foreign adherents to the tripartite monetary accord— England, France, Belgium, The Netherlands, and Switzer¬ land-—were $8,534,000,000 in December, 1938, as compared with $986,660,000 in December, 1913. The "Bulletin" MONTHLY REVIEW 16 "The market for estimated that the combined gold reserves of Germany and Italy were only $222,000,000 at the end of 1938, as against $546,000,000 in December, 1913. For the first six months of this year the total new capital raised in London amounted to £57,144,773, compared with £74,050,924 in the same period of 1938. Domestic require¬ ments accounted for £39,906,000, compared with £56,139,000 in 1938. Shrinkage in activity carried the British new capital market below the previous record low levels of 1931, when the intensification of international crises heightened later by the collapse of the Austrian Credit Anstalt, the German bank moratorium, and the suspension of the gold standard by Great Britain, brought new capital markets to a virtual standstill. of the American, Dutch, and other foreign securities held by British investment trusts and insurance companies. This followed measure on the unofficial but complete embargo the purchase of foreign securities established on April 20. Both the census undertaken in July and the embargo had on for their purpose the financial mobilization of Great Britain against the possibility of war. The embargo was designed to keep British capital at home in order to facilitate the floating of armament loans and to proetct the pound and the gold reserve. The purpose of the census is to make promptly available credits for purchases abroad based on the transfer and sale of British-owned securities, a measure which in the previous war was not taken until 1917. Canadian exchange showed gradual firmness throughout July though at all times ruling at a discount in terms of the United States dollar. On July 29 Montreal funds came to parity with New York. Montreal funds ranged during the month between a discount of 5-16% and par. Gold on offer in the London open market during July amounted to £6,449,000, compared with £9,600,000 in June and with £8,551,000 in May. The London check rate on Paris was steady during July, favoring Paris and ranging between 176.74 and 176.71 francs to the pound. The prevailing rate was 176.72, the average on 22 days. The London open market gold price ranged between 148s. 5%d. and 148s. 6%d. per ounce. The American price for gold (Federal Reserve Bank of New York) continues at $35 an London ounce. market money rates were easy throughout the month. Call money against bills ruled at %%. In the first two weeks of the month bill rates were open follows: 2-months, 23-32%, 3-months, 27-32%, 429-32%, and 6-months, 1%%. Rates eased gradually to close the month at 21-32%, %%, 13-16%, and 13-16% for the respective maturities. The New York banks were closed on all Saturdays in July, resulting in nominal sterling quotations for those days. as months, LONDON CHECK RATE ON PARIS AND PRICE OF GOLD IN LONDON 1_ Mean London London Check Rate Open Market on Paris Gold Price July 2 148s. 176.74 Paris on Gold Price SUN July 17 DAY 176.72 148s. 6d. July 18 6>iad. Cuban 176.72 148s. 5 34d. July 3 176.73 148s. 6^d. July 19 176.72 148s. 6d. July 4 176.72 148s. 6Hd. July 20 176.72 148s. 5 176.72 148s. 6^d. July 21 176.72 148s. 148s. in Havana legislation. induced Some by pro¬ improvement occurred, however, as the original legislative program was substantially modified, but the discount at the end of July, at around 9%%, considerably in was prior prevailing excess of the 5%% recent decline. For the second time since the early part of June the British-Chinese figure the to Stabilization Fund apparently withdrew its support of the July 18, allowing the Shanghai rate on London to decline from about 6 9/16 pence, at which level the exchange had recently been pegged, to about 4% pence. Changes in the gold holdings of the Bank of England were as follows: For the week ended July 5 a decrease of on . . £49,434; for the week ended July 12 an increase of £19,981,049, as the result of the purchase that day of £20,002,848 in gold bars from the Exchange Equalization account; for the week ended July 19 an increase of £9,608; and for the week ended July 26 a decrease of £35,848. The Bank's gold holdings to the on July 26 stood at £247,040,111. Pursuant Currency and Bank Notes Act of 1939, the Bank of England's statements beginning March 1, 1939, have carried the gold holdings of the Bank at the market value current as of the statement date instead of at the statutory price which was formerly the basis of value. Details of the gold movement at the Port of New York were outlined as follows in the "Monthly Review" of the Federal Reserve Bank of New York for Aug. 1: "Gold imports of all classes at New York totaled $257,- 200,000 during July, of which $1S1,800,000 came from Eng¬ land, $45,500,000 from Holland, $14,200,000 from Canada, $5,600,000 from Switzerland, $3,300,000 from Mexico, $2,400,000 from China, $2,100,000 from Colombia, $1,600,000 India, $500,000 from Chile, and $200,000 from Ecuador. On the West Coast, $11,000,000 was received from Japan, from $3,800,000 from Australia, $300,000 from India. "The amount of gold held $800,000 from under earmark China, for and foreign $170,- account at the Federal Reserve banks increased about 000,000 during July, as compared with an increase of $105,- July 31 foreign holdings of ear¬ marked gold here amounted to approximately $1,300,000,000. The net gain of gold to the United States in reported inter¬ national transactions, including receipts on the West Coast, as well as at New York, but deducting the addition to 000,000 in June, and on foreign earmarked holdings, was $103,100,000, as compared $130,500,000 in June and a monthly average of $257,- with 700,000 in the first six months of 1939. gold stock of the United States increased about $130,000,000 during July, as compared with a gain of $150,000,000 during June and $165,000,000 during May, reaching new end of high figure of approximately $16,240,000,000 at the the month. The total increase for the first seven months of the year has been 6^d. 176.72 monetary in excess of $1,700,000,000." 6Md. July dollars for demand intense jected a 1-. weakness in the Chinese yuan. The peso to a discount of about 18% against the United States dollar early in the month, in response to an "The London Open Market non-European currencies during the past sharp break in the Cuban peso featured by a declined abruptly Mean London Check Rate July was renewed and yuan Government in July instituted a census British The month 6d. 6 176.72 14&. 6d. July 22 July 7 176.72 148s. 6d. July 23. July 8__ 176.72 ,148s. 6d. July 24 176.72 148s. 5^d. July 9 July 25____ 176.72 148s. 6d. 148s. 6d. 6^d. July SUN DAY SUN DAY French francs July 10 176.72 148s. 6d. July 26 176.72 July 11 176.72 148s. 6d. July 27 176.72 148s. July 12. 176.71 148s. 6d. July 28 176.72 148s. 6Hd. July 13 176.72 148s. 6d. July 29 176.72 148s. 6y2d. July 14 176.72 148s. 6d. July 30 July 15 176.72 148s. 53^d. July 31 148s. 6J4d. SUN DAY July 16 In SUN DAY 176.71 commenting on the foreign exchange situation in July the Federal Reserve Bank of New York said in its "Monthly Review" for Aug. 1: "With the exception guilders, of showed which rather erratic fluctuations, rates for the leading European curren¬ cies continued to hold steady during July. of The pound ster¬ against the dollar toward the middle ling firmed slightly the month, when rumors were Germany and Poland would reach put into circulation that an agreement over Dan¬ zig. During the remainder of July, however, the spot rate continued to fluctuate within the narrow range of $4.68% to $4.68%, and turnover limited. was French francs were maintained at about 176.72 to the pound and, ruled steady "As was the developments. new therefore, also against the dollar. in the previous month, rate changes case Netherlands the exchange responded to in political internal Reports toward the middle of July that a Netherlands Cabinet committed to a conservative financial policy would be formed under former Prime Min¬ ister to a Colijn led to short high of $0.5367 developed on subsequent days, as indica¬ parliamentary opposition to the new Cabinet grew, the spot rate reacted $0.5313, only slightly above for the minor open other so-called fluctuations discount lent the spot rate rose Renewed signs of weak¬ however, ness, tions of and covering and July 24. on of 4% per annum close the month at about Spot quotations currencies showed only month ago. neutral during three-month on to a the month just ended, belgas narrowed from to 2%, accompanying an an and the equiva¬ easing of market money rates in Brussels, which followed the Bank's action in lowering its discount rate from National 3% to 2%%. CONTINENTAL AND were OTHER FOREIGN EXCHANGE exceptionally steady throughout July, with the rate favoring Paris and hardly ever deviating from 176.72 francs to the pound, as compared with the official minimum of 179 francs to the pound. Official figures show that the gold stock of the Bank of equalization fund exceeded holdings, which were pub¬ lished as of the end of March. The British gold amounted to 79,949,000 ounces, equivalent to 2,265 fine metric tons. The French total as of the end of Feburary amounted to 2,573 fine metric tons. On the assumption that there were no hidden British reserves, the French stock, therefore, exceeded that of London by 308 fine metric tons. The French report indicated that as of the end of February the French equalization fund had gold amounting to 459,132 kilos 900-1000 fine, valued at 17,423,000,000 francs. At the end of October, 1938, the fund's gold was 54,776 kilos, valued at 2,167,000,000 francs. It was shown that French gold holdings in the first four months of the present Ministry had increased 354%. French foreign trade reports published in July showed that for the first half of the year there was a reduction of 2,575,000,000 francs in the import balance, as compared with the corresponding period a year ago. 'While imports were 24,765,000,000 francs, an increase of 1,501,000,000 francs, exports were 18,040,000,000 francs, an increase of 4,076,000,000 francs. The deficit was reduced from 9,301,000,000 francs in 1938 to 6,725,000,000 francs in 1939. On July 29, the French Cabinet passed a series of 80 decree laws covering a variety of matters, of which the most impor¬ tant was the prolongation of the life of the present Parlia¬ ment for two years. The parliamentary elections would normally have taken place in November, when the authority of the Daladier Cabinet to govern by decree was to terminate. France and the French exchange the total of Great Britain's gold The continuation of the Parliament is in effect a continuance of the decree powers for two years. sold on July 3 at 2.64%@2.65 and on Paris cable transfers July 31 at 2.64%@ 2.65. Belgian currency was rate in New York ruled steady throughout July. The spot generally at 16.99%. On July 5 the Aug., 1939] MONTHLY REVIEW Belgian Government took trade. Its to increase measures the export designed to stimulate domestic recovery through wider use of cheaper central bank credit. The first step was the reduction in the rediscount rate of the Bank of Belgium toThe rate had been at 3% since May 11 at which time it had been reduced from 4%, which rate had been in effect since April 17. A rate of 1 Yi% discount for paper based upon exports of Belgan goods was put into effect. At the same time a 1 XA% discount rate was established for Treasury paper having a ma¬ turity of four months or less in order to broaden the mar¬ ket for program Government was Shanghai dollar was due to the efforts of Japan to force the adoption of the Japanese sponsored currency of North China. The London price for silver was 18 1-16d. on July 3 and July 31. The Hongkong dollar was 28.77 @291-16 July 3 and 28.64 @28 13-16 on July 31. The Shanghai dollar was 12.6234@12 15-16 on July 3 and 8.40@9.00 on July 31. Yen checks were 27.28@27.31 on July 3 and 27.28 @28.30 on July 31. 1613-16d. Under the new system « purely domestic avoided ,r NN CO « & Stf 3 ~ N CO CO CO Tt*' m\2* 2 N N I*** Is* Is* N N N b* l>» u- CO CO CD CO CO ; CO CO CO CO CO CD CD CD CO CO ^ Tb rf odium of ^ «r ,r 3? X CO CO CO Is* CO COCONNN CO CO CO CO CO CO CO cO CO CO CO CO CO CO CO CO CO CO y£ h © CO CO CO CO an r\ Tti ^ rj* TT* rb Tb Tb rj* Tt< Tfl Tti I T$ 5 to S cr \oo CO iH CO CO CO CO CO r>- r>- n co co CO CO CO CO CO Sa> CO CO CO CD CO. 53 CO CO CO CO CO CO CO CO CO co Tt< ^ Tt* Q S « « « S r* \oo \oo \oo \co 2 16.99@16.99M- Oi M N Ct rH i—< yji ^ • CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO Tf Tf T*4 rfi Tt* <0(0 jj U"5 The Reichsbank statement 0 iT5 \po «C\ »0\ i<5\ 0\ co i*** co CO co CO CO CO CO CO CO CO CO CO CO German mark quotations were held steady with reference to both sterling and the dollar by the strict control at Berlin. as of June 30 showed that note circulation had reached the highest level since the post-war period at 8,731,137,000 marks. A year earlier circulation was reported at 6,439,974,000 marks. CO ^5 S By this paper. the s a V# means the Belgian au¬ outright cash subsidy, although the net effect is the same as far as the foreign cost of the Belgian article is concerned, because lower financing charges mean lower production costs, which in turn permit the quotation of lower prices abroad. Belgian cable trans¬ fers sold on July 3 at 16.993^@17.003^, and on July 31 at thorities s, ? an export bill of exchange may be discounted at the National Bank of Belgium at a charge of llA%, while 2lA% is charged for on on » issues. 17 O wjc Kj O . «S- <0 t- U"i Tf Tf «■* »-4 k. **N —rt t- t- -<^CO<(JcD<OCD-<<l<D cqcococo-^^cocqcocqcq O t NO <, CO CD CO CD CD hh =3! 53 Q £ a a a 53 a OP-" 1-4 f/}NNNNN CD CO CD CD Figures published in Berlin in mid-July showed that the working income in Germany increased 64.3% between 1933 and 1938. The production of consumption goods in¬ creased only 29.5%. The added working income was ab¬ sorbed in the main by added taxation. In other words, the workers have been increasingly working to produce greater CO CD CO CO CO l-H Sen °5. CO CO CO CO CO Tfi ^ r* rfl Tf* total «\ ,N CO held -O requires to —k u, ^5 N00 uT Cft4 in CON ^ to steady throughout July, as X X X X X <0 | 5^ iflT uT 53 X CO CO CO CO CO CD rji ^ rh rfi rh Tt4 53 a 53 53 53 53 rJH rt4 C3 C3 C3 O . <3 cecec 53 xxxxx X CO CO CO co CO CD ^ to «© ito 00 x 00 00 obxxxx CD CO CO CD CD CD CD CD CD X 00 00 00 00 CO CO CO CD CO T)l Tjl ^ during Tjl ^ ^ ^ Tf4 g rVi 00 oc 00 00 X X X X X 0 K CD CO CD CD CD CO CD CD Tp TP c» C3 53 53 53 — ^ 53 xxxxx 53 X CO cO cu co CO CD rt4 TJ4 T}4 0 53 ^ Tb ^ ^ lllll III! » • ■ e rf rf e « « 53 rf< lit 53 rf 53 53 xxxxx 1 FC 5D 5D CD'D 5D ^ 1 III 53 CD rjl T}I 1,1 -^1 ^ X 00 00 X X CO co CO CO CO CO CO CD SO CO CD CD CD XXXXX CO CO CO CO CO Tt4 rf Tf 53 X X X X X XXX CD II Tt« II 1 1 1 till >Hcac«3Tti|r5cor»oooc©,H<Ncorfi»Dcor~ooosO'-icaooTfUocDt^occcO'-H HrtHrtHHHHrtHMNNNNNNMINMWM was law has been enacted in Greece which to sell to an authorized bank within a three months all foreign exchange received from abroad 10 S 00 00 00 00 00 CO CO CO CO CO XXXXX CD CD CD CD CD Tjl If If 0 C3 . «3. The United States Department of Commerce residents krt 00 oc x CD CO CD -* '"9 5.263^, and on July 31 at 5.263^@5.263^. Greek exchange is one of the minor units in the New York ^ *^ v CC 00 CD which might illuminate the financial and business situation in Italy. Cable transfers on Rome sold on July 3 at 5.26Y%@ market. 0 ■ CO the past few years, by the stringent control at Rome. The Government continued to withhold publication of any figures advised in July that ^ ^ ^ rjfl improvement in their own standard of living. Despite increased taxation, the total German debt increased from 24,000,000,000 marks in 1932 to 64,000,000,000 marks as of the end of June. 1939. were I-ao co CO CO CO CO CO COCO CO S v 2 S S armaments for the State rather than toward Italian lire r-N w\eo\«\ ^j&Ji* ^ ^ ^ ^ ^ ^ as DAILY profits or other earnings from business carried on in Greece remuneration for services rendered in Greece to persons firms established abroad. The Greek drachma was RATES ^ ^ ^ OF FOREIGN jzz?ja?o? EXCHANGE or as for quoted throughout the month at 0.85% and 0.8634 cents. Exchange on the countries neutral during the war was steady and in close sympathy with sterling so far as the Scandinavian and the Swiss currencies guilder fluctuated widely, showing and 53.53 for cable transfers. It should June 30 as borrow was concerned. The of between 53.08 The fluctuation in the guilder be a recalled that Premier Colijn resigned consequence of for defense and without a controversy over his reluctance public works, so that Holland government until July 25, when he formed a cabinet from the members of the parliamentary In the debate in the lower House on July 27 confidence tion passed and the July 28. on on was a minority. motion of no- Cabinet offered its resigna¬ 22.5234@ 34 Cable transfers on Sweden were 24.10 @24.1114 on July 3 and 24.12@24.13 on July 31. Exchange on the South American countries was quiet and steady throughout July. Rates were .held in close relation • London and to New York controls. through the various exchange budget estimates issued in July showed the Argentine Government's deficit for 1940 at 167,200,000 pesos. The budget bill calculated the expenditures of'the year at 1,089,900,000 pesos, and revenues at 922,700,000 Toward the end of the month the Argentine Ministry of a communique denying "insistent rumors here modification in the exchange rates in official and free markets." The statement added: "The present situa¬ tion of the Treasury and the financing of the crops can be faced without recourse in any way to monetary manipula¬ and abroad of tion." disclosed at the end of July that negotiations under way between the Brazilian Government and ment on Brazilian dollar bonds. l. SUNDAY 2.64%a2.64y8 2.64Jia2.65 22.53 V2a.54^ 22.54o22.55 HOLIDAY 2.64%a2.64y8 2.&4%a .6415is 2.64^a.64"i8 .64^a2.65 ,64J^a2.65 ,64^a2.65 22.54a22.55 July 10- 2.64^a .6415i6 July 11. 2.643432.641516 64^a2.65 64^a2.65 July 12. 2.64Jia2.65 2.64 J^a2.65 2.64?ia2.65 July 3. July "4. July July 5. 6- July 7. 8. July 9. July 13. July 14. 22.53 ^a.54 HOLIDAY SUNDAY 22.54022.55 22.54a22.55M 64i5iea .65L6 22.53^0.543^ 64i5i6a .65116 22.54a22.543^ 65 a2.65iie 22.54a22.5434 22.54o22.55 4.253404.26 22.5434a22.55 4.2534o4.26 4.253404.26 22.54 34022.55 SUNDAY 2.64ui6« .64 July 20. 2.6434a2.64^ 2M%a2M7/8 ,64^a2.651i6 22.53 34a. 54 y, 22.54o22.55 4.253404.26 .65 a2.653i6 22.5534a.57 34 22.55 34 o22.59 4.253404.27 ,64i5i6a2.65 22.55a22.56 22.553^0.5634 4.253404.27 22.55a22.56 22.55 34 a. 56 34 4.253404.27 ,64%a2.65 22.55022.56 22.55 34a.56 34 4.253404.27 ,64%a2.65 2.64^a2.65iie 2.64J^a2.65ii6 2.64^a2.64K 2.64%a2.64^ 2.64?ia2.64J^ 64i5i6a.65^ 22.57a22.58 64i516a .65y8 22.56a22.57 64Ka2.65 22.56a22.56J4 64%a2.65 22.56a22.5634 64%a2.65 22.5534a.5614 July 17. July 18. July 21. 2.64Ma2.65 2.64»ia2.65 July 22. .HOLIDAY SUNDAY July 23. July 24. July 25. July 26. July 27. July 28. SUNDAY July 30. II 2.643432.641516 2.64^a2.65 July 31. 22.55 022.56 22.5540 22.564 4.2434a4.27 Germany Belgium Reichsmark Belga Checks Cables Checks Checks 16.99 34al7.00 34 19.58ol9.75 16.99 34O17.00 17.00al7.0034 40.1034a.1234 40.11040.13 40.1034a40.13 40.11040.1333 16.99al7.00 16.99 34 al7.00 34 40.1034a40.13 40.11a40.1334 16.99al6.99 V4 16.99 34al7.00 19.58019.75 HOLIDAY July SUNDAY 40.10 34a. 12 34 40.11a40.13 16.99al7.00 HOLIDAY July July July July 19.58ol9.75 19.58ol9.75 HOLIDAY July SUNDAY July 40.Ilo40.1234 40.1134O40.13 16.99al7.0G 40.1134o40.13 40.12a40.1334 16.99al6.9934 40.Ila40.13 40.113^a40.14 16.99al6.99 34 40.lla40.13 40.1134a.1333 16.99al6.9934 40.11040.13 40.1134a.1334 16.9834al6.99 July 10 July 11 July 12 July 13 16.9934ol7.0034 19.58ol9.75 16.99 34O17.00 16.99 34al7.00 19.58ol9.75 I9.58al9.75 16.99 34al7.00 19.58019.75 16.99al6.9934 19.58o19.75 40.1134a.1334 16.9834al6.99 16.99al6.99 34 40.1134o40.14 16.99al6.9934 16.9934al7.00 40.1134a.1334 16.99ol6.99 34 16.99 34O17.00 19.58ol9.75 July 18 40.lla40.13 July 19 40.llo40.13 July 20 40.1134a40.13 40.UMo40.14 16.99al6.9934 40.1134a40.13 40.12a40.1334 16.99al6.9934 The precarious position of the Hungary Pengo Cables July 40.11040.13 pay¬ 22.5734 a.5833 4.243404.27 22.5634a.57 34 4.243404.27 22.5634 a22.57 4.2434o4.27 22.56 3£a22.57 4.243404.27 22.56a22.57 4.243404.27 HOLIDAY July 29. HOLIDAY July 16 _ 22.5434a.553^ 4.2534a4.26 22.5434a.55 34 4.253^04.26 HOLIDAY July 15. July 16. July 15 the nominal at nine cents. 4,243404.2634 22.54 34 a.55M 4.243404.2634 22.54a22.55 M 4.24 34 o4.26 22.53i/2a22.55 22.54a22.5534 4.243404.26 July 17 toward the end of wis Checks HOLIDAY 2. were Shanghai dollar, which collapsed entirely July. On June 1 the Shanghai dollar was quoted 15.98@1634- It declined sharply at the end of June to 12.73@12.90. On July 28 the quotation in New York was Cables repre¬ foreign bondholders for the resumption of Exchange on the Far Eastern countries during July fol¬ lowed familiar trends. For the most part these currencies moved in close relationship to sterling. The outstanding ex¬ ception Checks July July 14 was sentatives of Cables July July pesos. It Escudo Checks Official Finance issued Portugal Franc July 19. new Guilder cable transfers sold on July 3 at 53.0734@53.09 and on July 31 at 53.10@53.13. Swiss cable transfers sold on July 3 at 22.54@22.55 and on July 31 at 22.56 Switzerland Franc July largely the result of internal difficulties. was to were a range France SUNDAY July 21 July 22 19.58ol9.75 19.58ol9.75 HOLIDAY July 23 16.99 34al7.00 16.99 34al7.00 19.58ol9.75 19.58ol9.75 SUNDAY July 24 40.11a40.13 July 25 40.11a40.13 40.1134&. 13 34 16.99al6.99 34 16.99 34al7.00 19.58ol9.7j5 19.59ol9.75* July 26 40.11a40.13 40.1134a.1334 16.9834a.99 34 16.99al6.99M 19.58ol9.75 40.1134a.1334 16.99016.9934 16.9914ol7.00 July 27 40.11a40.13 40.1134a. 13 34 16.98 340.99 34 16„99al6.99M 19.58019.75 July 28 40.llo40.13 40.1134a.1334 16.9834ol6.99 16.99al6.9934 19.58ol9.75 July 29 HOLIDAY July 30 Julv 31 SUNDAY .. 40 1134 a40.1334 40.12 O40.14 16.984116.99U 16.99ol6.99M 19.58ol9.75 MONTHLY REVIEW 18 RATES DAILY Netherlands OF FOREIGN EXCHANGE (Concluded) Poland Dollar Krone Guilder Cables Checks Cables Checks Checks sunday 53.07a53.08K 53.07Ka53.09 20.89a20.90K 20.89Ka20.91 holiday July Peso Cables Checks 1 2 July 3_ 31.2la31.22 56.98a58.00 sunday discount 5uaK% 31.20a31.21 holiday July 4 18.81al8.85 July 5 5ieaK % discount 31.2oa31.2l 31.2la31.22 56.98a58.00 18.81al8.85 July 6 1764a1564% discount 31.20 31.21 56.98a58.00 18.81al8.85 July 7 Ka» 64% discount 31.20 31.21 56.98a58.00 holiday July 8 sunday July July 9 53.07a53.08K 53.07Ka53.09 20.89a20.90K 20.89Ka20.91 20.89a20.90K 20.89 Ka20.91 53.07Ka.08K 53.08a53.09 53.07a53.08K 53.07Ka53.09 20.89a20.90K 20.89Ka20.91 uuly July July July July 18.81al8.85 Checks holiday July holiday July Colombia Argentina Peso Checks . July July J Canada Zloty Denmark 9. sunday Ma" 64% discount 31.20a31.21 31.2la31.22 56.98a57.75 732a316% discount 31.20a31.2l 31.2la31.22 56.98a58.00 discount 31.20a31.2l 31.2la31.22 57.08a58.00 13. 1304a3lB% 732a532% discount 31.20a31.2l 31.2la31.22 57.15a58.00 July 14 U64a332% discount 31.20a31.21 31.2la33.22 57.15a58.00 July 15 holiday July 16 sunday 31.22 57.07a58.00 53.09Ka.llK 20.89a20.90K 20.89Ka20.91 53.08Ka53.10 20.89a20.90K 20.89Ka20.91 53.09a53.10K 53.09Ka53.11 20.89Ka20.90 20.90a20.91 53.13a53.22 53.13Ka53.24 20.89a20.90K 20.89Ka20.91 18.83al8.85 July 10 18.83al8.85 July 11 18.82al8.85 July 12-. 18.81al8.85 July 20.89a20.89K 20.89Ka.90K holiday 18.83al8.85 July 10. 53.09a53.11 July 11. 53.08a53.09 July 12 July 13 , 53.18a53.22 53.15a53.19 July 14 July 15 sunday July 16 holiday 7 - — .. 53.30a53.37 20.89a20.90K 20.89Ka20.91 18.81al8.84 July 17 3iea964% 31.21 53.27a53.34 discount July 17 53.46a53.60 18.82al8.84 July 18 Ma332% 31.22a31.23' 57.05a58.00 July 19 y8a764% 31.21a31.22 31.22a3l.23 53.46a53.52 18.80al8.84 discount 57.05a58.00 July 19 20.90a20.91K 20.90Ka20.92 20.90a20.91 20.90Ka.91K 31.21a31.22 53.43a53.57 discount July 18 53.43 Ka.53K 53.46Ka.56K 20.89Ka20.91 20.90a29.91K 18.81al8.84 July 20. Ka332% discount 31.21 31.22 57.05a58.00 July 20 53.49Ka53.55 20.89a20.90K 20.89Ka20.91 July 21 Ma332% discount 31.21 31.22 57.05a58.00 53.49a53.54 18.81al8.84 July 22 July 23 18.80al8.84 July 24 332a564% 31.22 57.05a58.00 18.80al8.84 July 25 332a564% discount 31.21 31.22 57.05a58.00 July 25 53.46a53.52 20.90Ka.91K 53.63 Ka53.67 20.90a20.91 53.47a53.53 20.89Ka20.91 20.90a20.91K 31.21 53.63a53.66 discount July 24 July 26 764a3fi4% discount 31.21 31.22 57.05a58.00 discount 31.21 31.22 57.05a58.00 31.20a31.2l 3l.2la31.22 57.05a58.00 July 21 53.49a53.55 holiday July 22 sunday July 23 holiday sunday July 26 53.47a53.49 53.47Ka53.50 20.89a20.91 20.89Ka.91K 18.80al8.84 July 27 53.16a53.47 53.17a53.48 20.89a20.90 20.89Ka.90K 18.80al8.85 July 27 316a164% 53.15Ka53.19 53.16a53.19K 20.89a20.90 20.89Ka.90K 18.80al8.85 July 28 >32% holiday sunday July 28 July 29 holiday July July 30 July 31 par 30 July a 29 sunday disct. 53.09Ka53.12 53.10a53.13 July 31 20.89a20.90K 20.89Ka.91 18.80al8.85 Sweden Norway Finland Krona Krone Markka par Milreis 31.2la3l.22 57.05a58.00 Bolivia Ecuador Peso a Brazil 31.20a31.21 Chile disct. Jc4% Boliviano Sucre Checks Checks 3.50 7.00 3.50 7.00 I Checks Checks Cables , July July holiday July sunday 5.05a5.24 5.06a5.25 Checks HOLIDAY SUNDAY 2 July 3._ — 5.17a5.19 HOLIDAY July 4__ July 5.. 5.05a5.24 5.06a5.25 July 6.. 5.05a5.24 5.06a5.25 5.17a5.l9 3.50 7.00 July 7.. 5.05a5.24 5.06a5.25 5.17a5.l9 3.50 7.00 holiday July 8_. sunday July 9_. holiday July 24.10Ka.llK 23.51Ka23.53 23.52a23.53K 2.05Ka2.07 24.10a24.11 24.10Ka24.12 23.51Ka23.53 23.52a23.53K 2.05Ka2.07 23.52a23.53 23.52Ka.53 K 2.05Ka2.07 24.10Ka.llK 24.11a24.12 24.10a24.11 July July July July July 2.05Ka2.07 Cables 1-- July 24.09Ka24.ll 24.10a24.llK 23.51Ka.52K 23.52a23.53 July Checks Checks Cables 9_. 24.11a24.12 24.llKa.12K 24.11a24.12 24.llKa.12K 24.11a24.12 24.llKa.l2K 24.11a24.12 24.llKa.12K 24.11a24.11K 24.12a24.l2K July 10 July 11. July 12. July 13. July 14. 23.52Ka.53K 2.05Ka2.07 23.51Ka23.53 23.52a23.53K 2.05Ka2.07 23.52a23.52K 23.52Ka23.53 2.05Ka2.07 23.51 Ka23.53 23.52a23.53K 2.05Ka2.07 23.52a23.53 23.53a23.53K 2.06Ka2.07 23.52a23.53 SUNDAY 3.50 7.00 July 10-. 5.01a5.24 5.02a5.25 5.17a5.19 July 11 5.10a5.24 5.11a5.25 5.17a5.l9 3.50 7.00 July 12.. 5.10a5.24 5.11a5.25 5.17a5.19 3.50 7.00 July 13.. 5.01a5.24 5.02a5.25 5.17a5.l9 3.50 7.00 July 14.. 5.05a5.24 5.06a5.25 5.17a5.l9 3.50 7.00 — HOLIDAY July 16.. sunday July 16. HOLIDAY July 15.. holiday July 15. 5.17a5.l9 SUNDAY 23.52Ka.53K 2.05Ka2.07 23.53Ka.54K 2.05Ka2.07 23.52Ka.53K 20.5Ka2.07 July 17— 5.10a5.24 5.11a5.25 5.17a5.l9 3.50 7.00 July 18.. 5.10a5.24 5.11a5.25 5.l7a5.l9 3.50 7.00 July 19.. 5.02a5.24 5.03a5.25 5.17a5.19 3.50 7.00 23.51Ka23.53 23.52a23.53K 2.05Ka2.07 2.05Ka2.07 24.llKa24.13 24.12a24.13K 23.51Ka.52K 23.52a23.53 July 20.. 5.04a5.24 5.05a5.25 5.l7a5.19 3.50 7.00 5.17a5.l9 3.50 7.00 24.11a24.12 24.llKa24.13 24.12Ka24.14 24.13a24.14K 24.12a24.13K 24.l2Ka24.14 24.11Ka24.13 24.12a24.13K July 17. July 18. July 19. July 20. July 21, 23.52a23.53 23.53a23.54 23.52a23.53 July 22. July 27_ 24.l2a24.13 24.12Ka.13K 24.11Ka24.13 24.12a24.13K 24.12a24.13 24.12Ka.13K 24.llKa24.13 24.l2a24.13K July 28- 24.llKa.12K 24.12a24.13 July 24. July 26- 23.52Ka.53 K 23.52Ka.53K 23.51Ka23.53 23.52a23.53K 23.51Ka23.53 23.52a23.53K 23.51Ka.52K 23.52a23.53 23.52a23.53 23.52a23.53 2.05Ka2.07 2.05Ka2.07 2.05Ka2.07 2.05Ka2.07 2.05Ka2.07 24.llKa.12K 24.12a24.13 July 31. SUNDAY July 24.. 5.04a5.24 5.05a5.25 5.17a5.19 3.50 7.00 July 25.. 5.04a5.24 5.05a5.25 5.17a5.19 3.50 7.00 July 26-. 5.02a5.24 5.03a5.25 5.17a5.l9 3.50 7.00 July 27.. 5.02a5.24 5.03a5.25 5.l7a5.19 3.50 7.00 5.17a5.19 3.50 7.00 3.50 7.00 July 28 — 5.03a5.25 5.02a5.24 23.51Ka.52K 23.52a23.53 2.05Ka2.07 HOLIDAY July 30.. sunday July 30- HOLIDAY July 29.. holiday July 29_ 5.03a5.25 5.02a5.24 July 23.. sunday July 23. July 25. July 21.. July 22.. holiday SUNDAY 5.04a5.24 5.05a5.25 5.17a5.l9 Uruguay Venezuela Peru Japan Hongkong Peso Bolimr Sol Yen Dollar Checks July 31.. Checks Checks Checks Checks t,zecno- Spain Lira Checks July 1 Cables 3— July 4__ July 5— July 6__ July 7— July 8.. 9_. July 11.02MallK July 1— HOLIDAY July 2.. SUNDAY July 3.. 31.50 17.75 27.28a27.31 28.77a29»i« July 4— HOLIDAY 17.75al8.25 27.28a27.30 28.84a291u 5.26Ka5.26K 5.26a5.26M 61.59a61.60 No rates available 5- 61.59a61.60 31.50 6.. 61.60a61.62 31.50 18.25 27.27a27.31 28.79a291n Juiy 7— 61.60a61.62 31.50 18.25al8.75 27.2Sa27.31 28.83a291ie July 8-. HOLIDAY SUNDAY 11.02KaHK 11.02MallK 11.02MallK 11.02MaHK 11.02MallK July July HOLIDAY 11.02KallM 11.02MallK 11.02MaHK 12.. July 13— July 14.. Checks Cables HOLIDAY July 10— July 11-. July .. SUNDAY 2— July Checks / Koruna m HOLIDAY — July slovakia Italy Peseta Juiy 9.. SUNDAY 5.26Ka5.26K 5.26K®5.26K 5.26Ka5.26K 5.26a5.26K 5.26a5.26K 5.26a5.26K 5.26Ka5.26K 5.26K«5.26 K 5.26 Kfl5.26 K 5.26Ka5.26K 5.26K«5.26K 5.26a5.26K 5.26a5.26K 5.26a5.26M 5.26a5.26K 5.26a5.26K July 10— July 20.. July 21July 22„ July 27— July 28.. 28.79a291i« 27.28a28.31 61.60a61.61 31.50 18.50al8.75 27.28a27.31 28.83a291u available July 14.. 61.60a61.61 31.50 18.50al8.75 27.28a27.31 28.89a29iu HOLIDAY SUNDAY July 16— July 17- 5.26a5.26M 5.26a5.26K 61.60a61.61 31.50 18.60al8.75 27.28a27.31 28.81a291n July 18— 61.61a61.63 31.50 18.50al8.75 27.29^27.32 28.69a28"i# July 19— 61.60a61.62 31.50 18.60al8.75 27.28a27.31 July 20— 61.60a61.62 31.50 18.65al8.75 27.28a27.31 28.55a28»i# July 2i_. 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ko5.26K 5.26a5.26K 61.60a61.61 31.50 18.60al8.75 27.28a27.31 28.57a28"i« HOLIDAY July 22.. SUNDAY July 23^. 5.26a5.26K 61.60a61.61 31.50 18.50al8.75 27.28a27.31 28.56a28»i( July 25.. 61.60a61.61 31.50 18.50al8.75 27.28a27.30 28.57a2813x# July 26.. 61.60a61.61 31.50 18.50al8.75 27.28a27.31 28.57a28»u July 27.. 61.60a61.61 31.50 18.50al8.75 27.28a27.31 28.58a28I3u July 28 61.60a61.61 31.50 18.70al8.75 27.27a27.31 28.58a2813n 27.28a27.30 28.64a28"ia — HOLIDAY July 29.. HOLIDAY SUNDAY July 29.. July 30— July 30- SUNDAY July 31_. 5.26Ka5.26K 5.26a5.26M 61.59a61.60 31.50 18.75al9.00 Philippine 11.02KallM July 31.. 28.6Sa28K July 24.. 5.26Ka5.26K 5.26K«5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26Ka5.26K 5.26a5.26K 5.26a5.26K 2S.80a291u 61.60a61.61 July 13.. SUNDAY July 25.. July 26— 27.28a27.31 juiy 12.. HOLIDAY July 23.. July 24.. 28.79a291i« 18.25al8.50 18.25al8.50 July 15— 5.26a5.26K 5.26a5.26K 5.26a5.26K 5.26a5.26K 11.02KallK 11.02KallK 11.02MallK 11.02MallK 11.02MallK July 19.. 27.28a27.31 31.50 31.50 No rates SUNDAY 11.02KallK 11.02MallK 11.02MallK 11.02MallK 11.02MallK July 17July 18- 18.25al8.50 61.60a61.61 31.50 HOLIDAY July 15.. July 16.. 61.60a61.61 July li-- Straits Java Rumania Bulgaria Yugoslavia Greece Shanghai Islands Settlements India Lev Dinar Drachma Yuan Dollar Peso Dollar Rupee Guilder Leu Checks Checks Checks Checks Checks Checks Checks 34.91a34.94 53.26 Cables Checks Checks July 1— HOLIDAY July 1 July 2__ SUNDAY July July 3.. July 4__ holiday 2-. .70 K a. 72 1.20al,21 July 5— .70Ka.72 July 6— .70Ka.72 L.20al.23 .70Ka-72 1.20al.21 July 7— July S.¬ 9— July 10— .70Ka.72 1.20al.21 .70Ka.72 .70Ka.72 .70Ka.72 1.20al.21 2.28 1.20al.21 .70Ka.72 1.20al.21 July July July July July 12— 13— 14— 15— 16— 12.70al2.75 49.80a49.85 54.85a54.95 34.88a34.93 53.32 a.86M .85Ka.86M .86 sunday 12.75 53.22 holiday July 15.. July 34.88a34.92 sunday 16-. 34.90a34.93 53.47 12.44al2.75 49.85a49K 54.82a55.00 9.92al0.50 34.92a34.96 53.67 9.50al0.25 49.85a49K 49.85a49K 54.84a55.00 July 19-_ 54.80a54.95 34.9la34.94 53.65 July 20— 54.75a54.95 53.56K July 21 8.18a 9.25 54.78a54.90 34.90a34.93 .85Ka.86 .85Ka-86M 53.64 a2.31 49.85a49K 4913i6a49.85 34.9la34.94 2.27Ma2.31 8.42a 9.37 July 20— .70Ka.72 1.20al.21 July 21. .70Ka.72 1.20al.21 2.28 a2.31 .85Ka.86M .70 a. 72 1.20al.21 2.27 a2.31 .85Ka.86 25.. .70 a.72 1.20al.21 2.27 a2.31 .85 K a. 86 July 26— .70 a. 72 1.20al.21 2.27 a2.31 " .85Ka.86 July 27.. .70 a. 72 1.20al.21 2.27 a2.31 .85Ka.86 July 28.. .70 a. 72 1.20al.22 2.26Ka2.31 .85Ka.86 .85Ma.86M .85Ma.86M .85Ma.86M .85Ma.86M .85Ma.86M sunday 8.30a 9.25 49"»a49.85 54.79a54.93 34,9la34.95 July 25_. 8.30a 9.25 4913ioa49.85 54.75a54.90 34.91a34.95 53.60 July 26— 8.33a 9.00 49.80a4913i# 54.80a54.90 34.91aJI4.94 53.60 July 27.. 8.11a 8.75 49.80a4913n 54.82a54.90 34.91a34.94 53.30 July 28-- 8.33a 9;00 49.80a49"i« 54.79a54.90 34.93a34.97 53.33 34.96a34.99 53.24 : ■"' !..• holiday sunday J'.i! July 30-_ SUNDAY .85Ka.86 .85Ma.86M 53.74 July 24— July 29.. HOLIDAY a2.31 holiday July 23.. SUNDAY July 24.. 2.27 — July 22-. HOLIDAY 53.32 July 14-_ July 12__ holiday .85Ka.86M July 19.. 1.20al .22 34.89a34.93 a.86M 53.23 July 18-- 2.28 a. 72 54.79a54.90 .86 — 53.23 34.88a34.92 July 17— 1.20al.21 .71 49.85«49K July 11 34.88a34.92 54.75a54.92 .85Ka.86M a. 72 — July 13-- 12.75al2.78 a.86M 53.23 54.75a54.92 .85Ka-86M .70 July 31 53.20 .86 .85Ka.85K 2.27%a2.30 2.28Ma2.31 July 30.. 53.21 34.90a34.93 .85<Ma.86 .85%a.86 .85Ma.86 34.89a34.92 .85Ka.86 1.20al.21 II 34.89a34.93 54.76a54.90 .85Ka.86 July 10-. holiday .85Ka.86 .85Ka.86 .85Ka.86 1.20al.21 a.72 July 29.. 54.75a54.90 9.. ,85Ma.86M SUNDAY .7lMa-72 .70 July 54.77a54.90 12.70al2.75 49.85a49K 49.85a49K 49.85a49K 8-_ July 2.27Ma2.30 2.29M,a2.30 July 17-. July 23— I2.69al2.80 7-. July a2.30 July 18.. . 49.85a49K 6— July .85Ka.86M HOLIDAY July 22— 12.79al2i5i8 I2.76al2i5i8 July .85Ka.86 2.28Ka2.30 2.28Ka2.30 1.20al.21 54.83a54.90 5-- .85Ka.86 SUNDAY July 11 54.76a54.95 49.85a49K 49.85a49K 4— .85Ka.86M ,85Ka.86M HOLIDAY July 49.85a49K I2.80al2i516 3-. July .85Ka.86M .85Ka.86 2.26Ka2.31 2.26Ka2.30 2.26Ka2.30 sunday I2.62al2is16 July July .85Ka.86 2.26Ka2.31 HOLIDAY 1.20al.21 — July 31-. 8.40a 9.00 49.80a49i3ig 54.82a54.90 New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING JULY 31 NOTICE—Cash and deferred delivery sales are disregarded In the •utslde of the regular monthly range are shown in a footnote in the range for the July_j 1939 Shares- Jan. 1 to 1,046,892,000 . 1939 Stock Sales $178,265,000 .$119,431,000 956,026,000 July Jan. 1 to July 1938 1939 Bond Sales 1938 18,067,920 126,832,005 July 31 38,773,575 155,938,758 month's range unless they are the only transactions of the month, and when selling month in which they occur. No account is taken of such sales in computing the year. The tables on pages Juiy, 1939, and the embrace every 19 to 40 furnish range a security dealt in on complete record of the transactions on the New York Stock Exchange during They need no extended introduction, as they are self-explanatory. since Jan. 1. the Exchange. The tables We give bonds first, using the classification adopted in the official list. The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule are at a adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds The exceptions to the rule are income bonds and bonds on which price to which accrued interest must be added. interest is in default. gent one or more This method of 32ds of Sales in a quoting bonds became effective Jan. 2, 1909. PRICES IN JULY Price BONDS July S'c repre- July 1 1939 Bid U S GOVERMENT BONDS 48,000 Treasury 4^s 1947-1952 A O 5,000 Registered 154,000 Treasury 4s D 1944-1954 J 2,000 Registered. 10,000 Treasury 3^8 1946-1956 M "§ RANGE SINCE JAN. 1 Jan. 3 N. 7. STOCK EXCHANGE Value Quotations after decimal point point. 121.8 July 31 Ask Bid 121.12 122 Lowest Ask 122.4 Highest Sale Prices 121.7 Sale Prices 114.17 Sale 116 116.4 116.1 113.10 113.20 115.14 115.18 116 i05*" 10304 Sale 5 122.1 Sale 115.23 115.25 Sale July 121.10 119 July 116.2 115.14 July 16*3*9 103:6* July 105.13 July ... Lowest Highest Sale Prices Sale Prices July 118.26 Jan. 26|122.13 July 11 121.18 July 119.2 Jan. 12 121.18 July 19 116.2 18 115.25 U 115.29 July 114.17 Jan. 3 116.19 June 5 July 18 June 22 July 115.15 May July 113.10 Jan. 27 110.5 June 103.6 July 29 105.8 Jan. 23 June 21 104.30 Jan. 10 31 106.27 Jan. 3 3 115.25 18 July 1 Registered 47~666 T,66o Treasury 3^8 Registered Treasury 3Ms 55",665 Registered Treasury 3Hs 23",600 1940-1943 7 Treasury 334s D 1*05*16 163*7* *29 103.15 July 7 31 105.20 July 10 103.15 1941-1943 M S 106.27 Sale 105.19 105.22 105.13 Sale 3 111.10 June 7 16 July 5 110.24 July 14 A 107.4 106.18 106.21 106.8 July 26 106.15 July 5 106.30 Feb. 23 107.7 July 110.19 July 31 109.22 Jan. 26 111.9 June allO.2 July 110.24 July alio.2 July 6 July 31 109.27 Jan. 25 111.5 June 6 109.22 Jan. 27 111.27 June 6 110.24 Mar. 31 111.2 May 8 1943-1945 1944-1946 107.13 A A O O 109.27 Sale 106.11 106.9 110.1 Sale 110.19 Sale 110.11 Sale 110.27 110.30 111.1 ...1946-1949 J D 109.12 Sale 111.24 111.27 112.8 1949-1952 J D 109.2 112.20 112.24 113.22 1946-1948 Sale 110.8 111.1 Jan. 10 110.27 June 106.9 July 26 107.12 Jan. 112.10 111.21 July 5 112.8 July 27 112.18 July 3 113.14 Juiy 2i 109.2 111.1 3 U 27 I66:i9* Jan. 109.11 110.16 21",600 Treasury 3s 1,000 Registered 129,000 Treasury 3s 109.10 ^.13.24 7 D 108*24 Sale III July 111.21 July July 111.1 July 1951-1955 M 8 107.6 Sale 110.30 111.1 112.14 112.16 110.24 July 112.16 July M S 104.21 Sale 108.21 Sale 109.26 Sale 108.20 July 109.26 109.10 Sale 109.22 Sale July July July 109.31 109,26 109.8 109.12 July 109.12 July July July 168.3*1 l6"9".2' 109.28 109.29 108.30 July 109.18 July 1*11*0 Hue Saie" Registered 1955-1960 1,000 Registered 52,000 Treasury 2Mb 10,000 Registered 22,000 Treasury 2 Ms Registered 1945-1947 M S 107*4 1948-1951 M S 165*2*2 sale" Sale" 109.22 26 112.21 June June 27 n 1:3*1 June 5 6 111.1 July 11 26 112.26 June Mar. 107.4 Jan. Jan. 7 109.22 Treasury 2 Ms Registered Treasury 2Mb 1951-1954 J 1956-1959 M 4,000 Registered.. 219,000 Treasury 2Mb 1,000 Registered 1,342,000 Treasury 2Mb D S Sale 103 A3 Sale" 107.30 108 109.5 107~8 16§:i3 Sale" Sale" Sale 107.26 107.6 107.30 1958-1963 J D 102.28 Sale 106.30 107 107.29 Slae D 102.25 Sale 106.28 Sale 108 107.5 July 3 109.9 July 108.19 July 108.2 108 .July Apr. 27 28 104.12 Jan. 20 110.9 June 104.10 Jan. 27 109.26 July 31 14 21 107 Jan. 25 110.6 June 107.25 July 107.25 106.28 July 108 107 Jan. 27 109.30 105.19 Jan. 26 109.31 June Jan. 23 106.3 Jan. 104 Jan. 26 109.21 June 165"" June June July 28 July July July July July 103:4"" Jan. 12 107.30 July 18 108.2 July 27 28 27 102.20 Jan. 26 108.23 June 29 107.25 26 5 Mar. 21 106.3 104.6 6 Apr. 10 110.28 26 114.5 Jan. 110.2 107.10 1, i7i~666 Treasury 2%b 6 Mar. 10 Jan. 111.1 3H& Registered 10,000 treasury 3 Ms Registered.... 5 5 19 5 28 6 8 2 23 5 5 12 5 Sale Treasury 2 Ms Treasury 2Mb Treasury 2^s .1945 J — D 106.12 Sale 108.17 108.21 108.30 109 108.20 July 28 107.25 July 102.20 Jan. 26 108.16 June 5 108 .... 1960-1965 J Registered 4*5*1*666 Jan. 110.19 110.21 110.23 110.25 110.14 109.31 44"66O Treasury 22",000 109.30 109.30 Sale 1941 F 52,000 Treasury 3 Ms 1,000 Registered 59,000 Treasury 3Ks Registered 26*666 June 22 D Registered 180*666 July June 22 105.24 J 1943-1947 Registered 103*666 105.13 105.24 June June 7 106.6 Jan. 26 109.10 June 5 30 109.8 June 5 7 108 108.24 July 10 166:3*0" July *28 105.1 Jan. i07:9*~ July July 28 102.13 Jan. 107.21 28 Registered .1948 M S 105*5 105.15 i08~8 10 8*. 12 108:3*0 1*0*9 16§:i2" July' Registered 1,000 1949-1953 J 102*2*2 Sale" 105.3*1 Sale" 113:22 1*13.24 165:2*8* July' 102.24 Sale 106 Registered June 5 106.20 70,000 Treasury 2 Ms 1950-1952 M Registered *70*666 D S 106.4 107.5 107.6 July 106.20 July 12 102.24 Jan. 106.20 July 105.28 July 107.7 July 27 102.16 Jan. 107.22 June June 26 12 6 ... Treasury 2s 1947 J D *102*4 102*12 l05*6 165:10" July" l05:2"8" July 26 102*"" Jan. 166:3- S 107.2 107.12 109.22 109.26 109.20 Sale 109.20 109.22 July 17 107.9 Jan. 110.6 June 5 106*2*7 Sale 108.26 108.28 109.2 109.4 166:2*6* Jul'y" 109:1" July 28 106:2*6* Jan. I09:2T June 6 106*1 Sale 166:2" Sale" 166""" July" loeao" July io 106""" Jan. 160:2*7 Mar. 30 i05*" 1*0*5*10 105:22 l6*5*.i6 105:30 106"" Federal Farm Mortgage Corp— 15,000 334s ](L666 3s 8*3*666 3s 1944-1964 M July Registered ...1944-1949 M N Registered .. 1942-1947 J J 106.6 166:4 105.24 166:2*6 105:28 105:22" July" Registered "11*666 108.24 108.28 108.27 Sale 108:20 102.11 Sale 100.5 *100 105:2*7 July July 11 105:3* Jan. lOeTs June July 6 106.26 Jan. 109.17 May 108.21 May 18 May 0 July 7 100 101.25 106.26 Sale 108.31 108.21 2 Ms .1942-1947 Af S Home Owners Mortgage Corp— 176,000 3s Series A I944rl952 M N July Apr. 102.22 102.14 Feb. 24 104.1 Jan. 105.18 June 101.22 July 102.12 Registered 2*7*.000 I&looo 192,000 12Ms Series B Registered 2 Ms Series G__ 1 Ms series M 1939-1949 F 1942-1944 J 1945-1947 7 A J 104.10 Sale 100.12 100 100.2 104.24 101.24 101.29 102.2 D 104.27 104.29 104.31 105.1 101.22 102.4 July 21 100.3 105.4 July 11 102.4 July July July 7 Mar. June 6 2 2 6 FOREIGN GOVT & MUNICIPALS Agricultural Mtge Bk (Colombia)— 8,000 AGtri sink fund 6s 1947 F A 5,000 AGtd sink fund 6s 1948 A O 2,000 Akershus (Kingd of Norway) 4S.1968 M S 15,000 AAntioquia (Depfc of) Col 7s A..1945 J J 15,000 AExternal s f 7s series B_ 1945 J J 15,000 AExternal s f 7s series C „._l945J J 8,000 AExternal s f 7s series D__ 1945 J J 17,000 a7s 1st series 1957 A O 48,000 a7s 2d series 1957 A O 38,000 a7s 3d series... 1957 A O 52,000 Antwerp (Oity( extl loan 5s_. 1958 J D Argentine Nation (Govt of)— 8 f external 4 Ms 273,000 1948 MN 198,000 Sinking fund external 4Ms 1971 MN 284.000 S f external conv loan 4s_Feb 1972 F A 236,000 8 f external conv loan 4s. .Apr 1972 A Q - For footnotes see page 30* 25 % 25 % 93 M 10 M 26 26 95 Sale 10 % Sale 10M 11% 10 H Sale 9 % Sale 8M 9% 8M 10 M 95 % 96 26 M 26 M 90 13i 13; 13; 13i 12} 12} 12} 901 92 M 87 M 78 % 78 M Sale Sale Sale 80% 26 % 26 M 91 94 16 it* m 26 % July 26 M July 90 14M 15 15H 14M 13 % 13 % 13 % 13 M Sale Sale Sale Sale 13% 13 M 12M 12% 13 88 % 77% Sale 77 M 28 92 11% 11M 11M 11% 28 1 92 % Sale 86 % Sale 76 % Sale 76 M Sale 20% 20% 91M 14M 14 M July July July July July July July July July 92 M July July July July July July July July July July July 14 % 14 M 13 M 13 M 13 % 90 % July 1 86 M July 8 76 M July 25 76 % July 25 94 July 10 37% July 13 78 % July 11 78M July 11 23 M Apr. 8 25 Mar. 22 90 10M 9% 10M 10% 9% Mar. 13 7 7 June 12 June 10 June 10 June 10 June 9 June Jan. Apr. 10 Jan. 3 Feb. 1 Feb. 1 Jan. 3 Jan. 28 9% Jan. 25 June 10 June 10 Jan. 11 9% Jan. 28 85M Apr. 17 89M Apr. 11 95 83 % Apr. 76 Feb. 11 3 88 M June 24 80 M June 20 75M Apr. 8 79M June May 31 6 y. STOCK N. 20 Sales in 8S BONDS July Value FOREIGN GOVT (Continued)— 147,000 Australia 6s of 1925.--July 15 1955 100,000 External loan 5s of 1927 --1957 163,000 External g 4)4s of 1928 1956 33,000 AAustrian Govt s f7s.---------1957 4,000 ABavaria (FreeState) ext.634s—1945 69,000 Belgium 25-yr external 634s 1949 62,000 External s f 6s 1955 124,000 External s f 7s. 1955 22,000 iBenin (Germany) s f 634g 1950 6,000 AExternal sinking fund 6s 1958 181,000 ABrazil (U S of) external 8s 1941 223,000 AExtl s f g 6 54s of 1926 1957 AExtl sf 654s of 1927 368,000 1957 ACent Ry 30-year g 7s— 146,000 1952 27,000 Brisbane (City) s f 5s 1957 49,000 Sinking fund gold 5s 1958 28,000 20-year s f 6s— —inco 21,000 ABudapest (City of) 6s___1962 Buenos Aires (Province of) 5,000 a6s stamped {901 143,000 Readjustment 434-4548 {977 13,000 Refunding s f 4 34-4 34s 16,000 Extl readjust 454s-4548 {976 33,000 Extl s f 4 34-4 54, S bonds {975 38,000 3 %s external s f $ bonds 1984 Bulgaria (Kingdom of)— 7,000 ASecured s f 7s {967 9,000 iStabilization loan 7 34 s 1968 Price 1939 j , 12",666 a6s July coupon on AFarm loan s f a6s Oct coupon on--- — ext s f g 7sa7s assented— AExternal sinking fund 101" MN 98 16 20 J j F A M 5 j j {942 s f gold 6s assented-.ARy ref extl s f g 6s AExternal AOs a6s assented-.-- AExtl s f 6s int ctfs a6s assented.___AExtl sinking fund a6s assented "9",66o AExternal sinking 10 F A j D D Bank of gu s a634s assented AGuar s f gold 654 s a654s assented..--- "8,666 ACologne (Germany) Colombia 5034 5034 Sale O M1V A J J j f 634s—1950 (Republic of)— of) 7s {951 {944 {949 Cuba Rep of) 5s of 1904--5s ext debt Ser A of 1914 MN MN D D O A O MN MN M S D M S j O J A O MN F A D MN j F A F A J j MN MS F A {949 434s external loan 434 s external debt 30-year s f 534s 11134 11034 10334 10334 10234 9834 1834 3134 -p if 30 28 A O j 2,000 Estonia (Republic) 7s————{967 15,000 Finland (Rep of) external 6s_-__ 1945 M S 1434 9334 Sale Sale 97",000 A35^year 534s stamped—_—{965 a5Mjs unstamped —1965 j D 17 17 14,000 a7s unstamped-—___1949 German Prov & Communal Bks— 11,000 (Cons Agric L'n) 634s ser A-1958 j D AGreek Govt secured 7s --1964 M2V Sale 12 Sale 1334 834 834 "934 11,000 36.000 13,000 4,000 15,000 3,000 A a6s part paid -—-----1968 Haiti (Rep of) 6s series A 1952 AO AHamburg (State) 6s —1946 A O A MN J D M S , j J 1954 F A 347,000 Japanese Govt extl s f 634s Extl sinking fund 534s.——1965 MN 295.000 For footnotes see page 30. 15 1034 Sale 15 834 1034 634 1034 734 1034 634 1034 734 1034 12 34 834 1234 834 1234 834 1234 9 834 19 2034 13 13'" 12 1234 10 1234 "1134 17 1934 26 2134 Sale 2134 Sale 2534 2534 27 2534 2534 2634 2634 "27" & W* 79 '8134 2534 if 834 2034 2634 2634 2634 2634 2634 _____ "1334 12 14 10 14 "1134 84 78 55 6134 5834 64 75 80 74 74 72 71 72 14 934 12 834 13 934 12 834 1234 834 1134 July 11 8 27 5 17 July 25 July 20 July 11 July 20 July 26 July 25 July 8 July 24 July 28 July 25 July 27 July July July 28 July 10 July 13 Julv 3 July 21 60 July 28 55 July 3 7434 July 5 20)4 July 27 2634 2634 2634 2634 83 J4 8134 65 61 78 70 69 69 7034 July 25 70 July 10 73 July 26 7034 July 3 70 July 10 70 July ~ 1934 July 10 July July July July July July July July July July 73 73 73 23 21 21 78 72 72 57 68 66 6534 6934 60 69 69 69 ..... 1934 1534 100 20 10734 — , 10834 11834 10334 21 — . 23 23 Sale 75 20 89 — 1734 Sale 1534 16 2034 Sale 75 72 96 97 8934 10534 10534 10534 10634 10534 18 1934 1934 108 109 Sale 10934 Sale 104 10534 10334 113 11834 11834 10434 10434 10434 . 10534 Sale 7434 75 2234 72 2234 66 62 1734 1434 Sale Sale 17 July July July July July July July July July 1434 July 2134 1734 20 20 2234 1734 Sale 1834 Sale 2334 July Sale 8434 2534 2634 30 2334 2534 2634 1834 21 1934 79 80 7934 19 {734 26 33 2334 2734 21 78 2134 1934 ——' , nH 37 2834 Sale 10734 90 13 31 31 18 14 28 25 26 10 17 Sale 834 834 934 934 27 20 103 10 9 1234 3734 2434 113 73 5434 Sale 8034 Sale 41 75 Sale 7434 Sale 6434 Sale 55 Sale 9 28 4734 July 20 1334 Apr. 19 13 Apr. 11 Jan. 24 3234 June 5 11134 Jan. 11134 Jan. 10434 June 106 July 20 26 21 18 21 11 12 834 12 834 12 834 1234 834 1234 834 1234 834 1134 8)4 1134 8 18 - 1234 1234 1234 July "934 July" 39 19 12: 18 29 June 6 June 29 6 20 28 26 June 27 June 6 Jan. 18 Jan. 4 Jan. 10 2434 Mar. 23 2734 Mar. 13 2334 Jan. 13 1834 Mar. 13 16 Jan. 12 1854 Jan. 14 4 1634 Jan. 1834 Jan. 17 1654 Jan. 17 3 1834 Jan. 9 1634 Jan. 1834 Jan. 14 3 1634 Jan. 1834 Mar. 11 1634 Jan. 1834 Jan. 1634 Jan. 16 Jan. 1434 Jan. 1634 Jan. 1434 Jan. Jan. 16 3 17 3 14 3 11 17 Jan. July 5^ 11 Jan. 10 Jan. 10 June P Jan. 24 Apr. 2034 July 31 1934 Jan. 1934 Jan. Apr. 23 34 Apr. 2434 Apr. 7634 Apr. 7334 Apr. 4734 Apr. 25 20 28 28 12 8 13 11 12 17 Jan. 28 June 28 June 26 H July 5 7 7 28 13 21 10 11 20 24 6534 Apr. 12 2734 Mar. 27 Apr. 9634 Mar. 9434 Mar. 65 July 61 July 8034 Jan. 24 3034 Mar. 13 40 Mar- Feb. 9 5 14 108 Jan. ?iH 26 26 26 3 31 28 10 65 Jan. 4 65 Jan. 65 Jan. 66 Jan. 12 17 23 6634 Jan. 65 Jan. 23 9 Feb. 16 1434 8934 10534 1634 105 104 Jan. July Apr. Apr. Apr. July 3 13 9 4 12 Jan. 17 Feb. 28 Mar. 11 Mar. 10 Mar. 10 Jan. 73 73 73 3 3 July July July 7154 Feb. 75 July 73 July 2034 June 26 26: 26 28 31 28 23 5 2134 June 7 Feu. 1 25 100 Feb. 11 107 8 29 1934 May 31 12 11034 June 14 18 7 Jan. 12 106 June 11354 Jan. 10334 Jan. 11 125 20 105 Jan. 17 12 7 934 July July 26 July 14 July 10 July 11 July 31 July 31 7 July July 26 May 14 5 20 2134 Jan. 1434 Apr. 1734 Jan. 17 14 18 £p,r- 19 8 27 Mar. 16 22 Jan. 15 16 Jan. Feb. Apr. 10 Apr. 11 Feb. Jan. July 18 July 27 July 11 July 12 July 29 July 5 July 18 Apr. 834 Apr. 31 9 12 32 27 7 12 16 June 104 11)4 Apr. 734 Apr. 11 Apr. 734 June 11 July 5734 May 31 5834 June 6 10034 Apr. 14 104 6534 July 17 18 May 17 June 26 26 76 93 Apr. 11 105 89 July 3 101 7834 Apr. 11 9734 2334 July July 28 25 2034 1834 July 3 80 8034 July 19 1734 July 16 1734 July 101 10034 July Apr. Apr. Apr. Apr. Apr. Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. June Apr. Apr. Apr. May Apr. Apr. Apr. Apr. June 70 58 102 34 July June 8 106 99 May 26 10234 Jan. 50 ?4 July 28 Jan. 60 27 7 30 July 26 30 22 30 July 10 2234 11234 113 July 10 113 6034 Sale 5934 July 20 6134 63 Sale 63 3 60 July 6 4634 4634 Sale 4034 July 72 7334 Sale July 20 7934 53 Sale 5234 July 20 5734 2334 60 13 100 2334 July 1734 July July 1734 July 9 734 6034 Sale 60 20 12 1234 2 13 14 15 1 64 2834 17 10034 Feb. 4434 Apr. 4434 Apr. 4434 Apr. 47 May 3234 Apr. 2234 Jan. 5 20 24 27 July July July July July July July July 18 July 1534 July 24 al0034 1234 11 July July July 7034 July 75 July 73 July 20 July 10634 1834 10934 10534 11834 10434 21 2434 Sale 2434 Sale 79 July 2534 2534 2634 2634 2634 8134 7834 86 6434 76 July July July July 14 July 25 1034 July 31 1434 July 21 1034 July 27 13 34 July 24 1034 July 27 14 July 26 1034 July 31 14 July 26 1034 July 31 13 July 7 834 July 12 July 834 July 12 July 834 July 11 July 8 July 11 July 8 July 934 July Sale 2634 2634 2634 63 78 57 2134 1934 7334 2734 23 34 2234 2434 1234 July 19 53 72 7034 2534 10334 July 10234 July 102 74 26 13 Sale 81 Sale Prices 10834 10834 10134 IOI34 "0034 9834 1534 Sale 26 25 28 5 2534 July 2634 July 10034 July 27 102 10034 July 2102 34 July 8 103 34 July 10334 10234 3 10234 July 5334 5434 9934 10234 10234 July 50 53 34 July 5034 July 28 10134 103 5134 10134 103 10234 July 18 104 10134 103 July 65 67 68 6934 6534 July 17 68 July 26 26 26 30 1534 6- 26 July July 26 26 26 6 65 26 1534 July July 96 3 9634 Sale 9734 9834 July July Sale 93 89 90 5 9334 July 8834 July Sale 78 3 8034 July 8134 8434 July 22 Sale — 25 3 15 4234 7334 ft" Sale Sale 1734 July 19 July 11 15 A F Sale 15 35 _ F 15 14 14 1234 1334 j AHeidelberg (City) extlsf 7 34s— 1950 Helsingfors (City) ext 634s——.1960 A O 10334 Hungarian Cons Municipal Loan— j ASecured s f g 734s 1034 11,000 —{945 J ASecured s f g 7s 1034 Septl946 "i",66o AHungarian Land Mtge 734s A.-1961 MN aS i7 Hs series B—...—-—.1961 MN 2,000 iHungary (Kingdom of) 7348—1944 Extended at 434 % to— —1979 13,000 2,000 Irish Free State external 5s..__.1960 311,000 Italy (Kingdom) extl s f 7s..--.1951 12,000 Italian Cred Consortium 7s ser B '47 91,000 Italian Public Utility s f g 7s—1952 1434 11 1034 21 21 .--1964 11 1034 12 Sale July 12 July 10 July 6 July 7 July 7 July 20 104 34 July 106 July 1234 July 834 July 1234 July 9 July 1234 July 9 July 1234 July 934 July 14 834 Sale 5634 5534 5634 5734 e4734 11034 July 11034 July 934 July Sale 14 15 — 17 17 13 34 July Sale 1034 12 1534 Sale" 1234 1534 Sale 1234 1534 Sale 13 34 1234 .... —1968 F 1434 Sale Prices 5 101 14' 18 14 14 12 103 July July 70 July July 31 1034 834 19 Sale 97 1 July 26 5434 July 27 45 July 3 1034 1234 834 12 Sale 1334 12 1 110 14 834 16 a a7s part paid—— aS f secured 6s 5534 5434 Highest Apr. 19 10334 Mar. 10 9534 Apr. 27 10334 Mar. 15 July Mar. 10 8834 June 29 99 1034 July July 27j 6 1734 Jan. 7 16 Jan. 27 July 24) 2034 June 23 106 Mar. 9 July 31! 10034 Apr. 11 108 103 34 July 28 Feb. 24 9934 Apr. 11 108 11234 July 18 102 Apr. 11 11634 Mar. 4 14 Jan. 27 2134 July 29 21 34 June 0 13 Jan. 26 1834 July 21 1934 Mar. 2 19 1134 Jan. 13 2834 Mar. 11 July 5! 3 5: 1634 July 934 Jan. 23 Mar. 17 5 934 Jan. 1634 July 18 2234 Mar. 11 7 2134 Mar. 11 5 934 Jan. 1534 July 89 94 Apr. 18 9834 Mar. 10 July 18 89 Jan. 26 9234 July 15 9834 Mar. 10 97 Jan. 26 102 100 Mar. 10 July 10 7 934 July 834 July 7 1134 Jan. 13 54 18 1734 —— a5 34s stpd (Canadian holder)-1965 AGerman Republic 7s stamped--{949 AO 56 20 German Gov't International— 170,000 ii,000 57 17 Sale 2034 July 52 34 July 53 July 17 Sale 108 104 102 70 Sale ! Sale Prices 98 9734 9334 1134 20 July 11034 109 10934 July 10934 Sale 11034 Sale 10334 July 10334 10434 103 34 Sale Sale 104 104 al0534 Sale July 10234 July 10234 103 10234 103 Sale 101 101 July 10234 Sale 17 16 1834 1834 30 2734 July 2834 30 25 2234 July 30 30 2234 July 29 23 25 July Sale .... 5434 5334 2434 1 934 16 5134 7934 Sale 934 Sale 18 96 93 9234 90 100 Sale 46 1734 Sale 16 1534 1534 13 19 Sale MN 31,000 French Republic 7 Ms stamped—1941 j D 7 )4s unstamped ——---1941 2,000 External s f 7s stamped---—1949 Yd 2,000 7s unstamped 1949 1,000 Sale 834 MN j Sale 29 Sale Sale 9734 Sale A O 15 45 12 18 1934 Sale Sale 12 16 Sale 16 42 Sale 18 21 54 29 Sale Sale 100 1962 634s_—-}953 30 10334 {955 1942 M S 8,000 Dominican Republic s f 534s 1st ser 534s of 1926-------—{940 A O 8,000 2d series sinking fund 5 34s 2,000 {940 A O Customs Adm 534s 2d series--1961 M iS 4,000 7,000 AFrankfort (City of) s f 2134 3434 74 gold 6s-1942 534s 1st series. {969 534s 2d series— 1969 5,000 3,000 ADresden (City) extlsf 7s___—{945 El Salvador (Rep) 1st s f 8s A-- .1948 ACertificates of deposit 2,000 103 Sale 70 B——----{952 14,000 10434 10434 10234 10334 11134 11234 Sale Prices 48 Sale 16 72 {945 External g 434s 1 Lowest Highest 96 July 9534 July 90 July 1034 July 1934 July 10434 July 10034 July 110 July 2034 July 1834 July 1634 July 1434 July 1434 July 14 July 89)4 July 8934 July 99 July 834 July 5834 5634 109 103 — Denmark 20-yr external External g 534s— Sale Sale 5934 Sale Sale ~ * {977 APublic Works 5Hs_-June 30 Czechoslovak (Rep of) extl 8s—{951 Sink fund 8s series 3534 3534 J - ACosta Rica (Rep 56 4134 1234 2034 Sale 65 53 51 55 MN 106 17 65 5134 3734 Sale Sale 1034 1934 100 5234 50 92 93 78 Sale 55 A Sale Sale 10 F Ask 9734 9734 ~93~ 99 M S {961J s 1634 1434 14 H 1334 9734 M S f 034®-{957 J D —{957 J D A0s of 1928 162,000 9<5 {96} AExtl s f g 6s--_--------Jan {961 134,000 1,000 AOolombia Mtge Bank 6 34s {947 3,000 ASinking fund 7s of {926 {946 2,000 ASinking fund 7s of 1927 {947 51,000 Copenhagen external 5s {952 Gold 434s 87,000 {953 2,000 * ACordoba (City) 7s {957 * a7s stamped — - -—{957 10,000 10,000 Cordoba (Prov) Argentina 7s-_-1942 14,000 61,000 42,000 i,000 90,000 43,000 33,000 4,000 2,000 150,000 87,000 180,000 97 18 16 — _ Sale Sale "II"" 16 8,000 }96{ AGuaranteed s f gold 6s 12,000 {96} a6s assented-—11,000 }9bl AGuaranteed sink fund 6s 5,000 {962 9,000 a6s assented {962 12,000 AChilean Munic Loan 7s {960 ACbinese Hukuang Ry 5s_-_—{951 2134 1934 W 96 J963 MN A6sassented___- 7,000 6,000 AChile Mtge 3,000 8,000 Sale 110 1034 Sale 934 M S 1134 2434 10434 Sale 10034 102 1934 1962 M S fund 6s Sale 21 12 ~ — 6s 9734 1014 Sale Sale 105 20 g6s_.-{960 A O ^-r-{960A O Feb {96} F A Feb {%{ F A Jan {96{ J J -Jan }96{ J J Sept {%{ M S -Sept {961 M S {962 M S a6sassented. 17,000 18,000 11,000 6,000 5,000 1,000 {x£x 98 90 10634 Sale 115 j RANGE SINCE JAN. Lowest July 31 Ask Bid 9534 93 Sale Sale Sale 2234 {960 J j {960 A O "2234 {960 --{960 AChile Republic 19,000 53,000 81,000 19,000 10134 Sale M S {954 J J {950 M S ACarlsbad (City) s f 8s-_ACent Agric Bank (Ger) 7s AFarm Loan s f 6s 5,000 1,000 72.000 July 1 Bid J 118,000 Canada (Dominion) gold 4s {960 A O 155,000 30-year gold 5s -----1952 MN 47,000 lC-year 234s --Aug 15 {945 F A 187,000 25-year 3 Ms {961.7 J 17,000 7-year 2 X8 r t 377,000 30-year3s-------' iokI t t "~i",56o PRICES IN JULY Jan. 3 II EXCHANGE N. Y. STOCK EXCHANGE—BONDS 14 23 28 6 Apr. Jan. Jan. 5 1734 Jan. 14 6 2434 Feb. 27 3734 June 14 June 30 18 2754 Mar. 3 2534 June 12 81 June 21 19 18 July June 30 105 Jan. 4 May Apr. 11 Mar. Mar. Apr. Mar. Apr. Apr. Mar. 52 Apr. 5434 Apr. 754 734 834 834 2234 1834 10134 38 72 22 11 30 25 29 Mar. 11 10 10 33 30 21 113 19 7634 20 75 Apr. 18 55 11 14 July 20 5234 July 20 12 6 5 Mar. 11 Mar. 13 Mar. 10 Mar. 15 Mar. 20 Jan. 10 Feb. 20 Jan. 9 Jan. 6 Jan. 20 8534 Jan. 18 5 6534 Jan, , AUG., 1939] Sales in n. y. stock July n. y. stock exchange a4s of 1904-.-. 26,000 3,000 18,000 O F D D J 8 -1* 1M H 48 M Sale 9M 7M 7M 49 4* 45 52 42 Sale 93 F A O 99 *4 F A F A 100 F A 104*4 105M 104 M 103 M 101M J D 104 F A O A 7M 45 100 M Sale «99M Sale 18M Sale M N 50 *4 A O J D 53 MN 50 M M S 5M aSs extl secured s s J A '50 M 30 A 1953 F 1946 D O A 1953 j""j 1957 MN 23,,000 a7s extl water loan 91,,000 a6s extl dollar loan 1968 J ASec s f g 7s 1940 269,,000 2,,000 ASaxon State Mtge Inst 7s 1945 ASinking fund gold 614s-Dec 1946 Serbs Croats & Slovenes (Kingdom)— a8s secured external —1962 54, 000 A O J D MN a7s series B sec external 1962 MN 83, 000 2, 000 ASilesia (Prov) extl sink fund 7s.1958 J D 4 Ms assented 20 000 1958 J D ASilesian Landowners Assn 6s —1947 F A lO" 000 Sydney (City) s f g 5 Ms— 1955 1971 105, 000 Taiwan Elec Pow 5 Ms 39, 000 Tokyo City loan of 1912 5s 1952 External s f 5Ms guar -.1961 139, 000 AUruguay (Rep) external s f 8s.. 1946 AExternal sinking fund 6s 1960 AExternal sinking fund 6s 1964 3 *4-4-4 M % ($ bonds of 1937) External readjustment 1979 126,000 3 *4-4-4 M % ($ bonds of 1937) 4, 000 41, 000 7 000 4,000 3M-4M-45n% extl conv 4-4k-4ms external readj F A J J Sale 60 18 Sale 17M UK 7% VA Sale Sale 13 20 20 30 O 51 F A MN 42 43 4 40 3914 Sale Sale M Sale 554 96 14 104 1 10556 1 103 4 1 1014 5 1004 12 101 5 18K 21 53 20 46 K 5 102 10 10614 88 K 83 4 5 18 13 13 27 10 14 15 17 12 13 3 20 26 28 26 9 *4 July 9 July 6 3 856 July 18 814 July 18 42 July 12 3414 July 27 46 July 19 40 July 13 46 M July 7 3714 July 27 11. 11M July 5 181 19 K July 19 July 13 5 6!10454 31 July 18 102 M July 31 July 7 9% July 94 July July July July July 59 July 19 July 1814 July 114 1014 10M 10 M 61M July July July July July 20 July 18M July 8M July 8M July 12 6 6 7 7 6 6 5 44 38 16 M 48 39M 31 4 57 M 19 K 27 2756 2214 55 *4 Sale 53 *4 65 K 66 K 10354 104 103 M 100 M 100 M 25 Feb. 2 17 6 11 103 Jan. 20 15 10614 June 23 88 K July 834 July 28 26 5 13 K Mar. 11 7 13 4 Mar. 10 12 K Mar. 11 3 8 124 Mar. 11 July 12 42 364 June 7 5 50 Jan. 42 Mar. 15 54 May 31 8 44 June 15 9*4 Jan. 9*4 Jan. 23 Apr. 14 M Jan. Mar. 11 174 Mar 14 Feb. 28 70 19*4 July 13 1 194 Anr. 106 4 Mar. 17 Jan. June 100M June Mar. 10 107 Jan. 31 *4 Mar. 6M Jan. 54 Jan. 1 4 Mar. 11 134 Mar. 11 14 7*4 Jan. 614 Jan. 7M Jan. 7*4 Jan. 43 4 Apr. 15 *4 15 K 144 144 694 22 4 204 19*4 A nr. Feb. Jan. Mar. 11 Mar. 11 Mar. 11 Mar. 11 Jan. 9 June 5 May 6 May 19 15^ Mar. 11 15 Mar. 11 11 July July 16 14 9 14 4 Mar. 11 *4 Mar. 11 18 Mar. 13 Jan. Jan. 6M Jan 14 K Mar. 11 l7M June 32 Mar. 10 20V« July July 254 May 15 25 May 11 .Tan. 22*4 Feb. 22 M July 21M July 2054 July 28 July 20 July 53 35 52M Feb. Jan. July July July 26 Apr. 22 Apr, 34 May 25K Apr. 30K Jan. 36 4 July 15 5 2r 514 8M 8 K 8M 15 Jan. 19M Mar. 57 28 3 9 7 Sale 37 8 104 13 21 43K Jan. 31 22 Mar. 10 7 10 106M Mar. 14 11 105 Jan. 4 11 10314 Mar. 10 in 101 *4 Jan. 3 28 30 June 54 101M 19 101 *4 Mar. 10 10414 Mar. Jan. 14 9 Mar. 11 15M Mar. 11 June 55 7 74 Jan. 54 Sale 39M 9 26 102 14 29 15 914 9M 23 K 25 *4 56 39 42M 4 Jan. 50 24 14 16 45M Jan. 94 *4 July 93 Apr. 100 M Apr. 100M Apr. 98M Apr. 94 M Apr. 94 Apr. 99 M Apr. 16 Apr. 48 July 43 4 July 9714 Apr. 9914 Apr. 2 May Mar. Mar. June Mar. Jan. 15 4 July 10 July July 8M July 1814 July 25 July 50 41M 3 7M Jan. 7M Jan. 15 Mar. 15 1 1*4 1M 1 *4 1M 1M 56M 9 35 4056 4 25 14 14 25 July 8M July 14 100 Sale 6 25 12 June Mar. May Mar. 614 Jan. 6*4 Jan. Sale 39 1M 1*4 1 *4 1M 9M July 9M July 38 Sale M Jan. 1 *4 May 25 27 Jan. Jan. Jan. Jan. 19 40 40 MN 55 M 8 July July July July July July July July July July July July July July July 20 214 July 19 July 20 22*4 July 24 28 35 40 36 54 58 A 20 9M 9M 9M 9M Sale 51 39 D July July July July 31 July 9 July 714 July 50 40 Sale A July 102 July July July July July 27 52 4 July 1 25 40 July July 18 Apr. 15M Apr. 25*4 Apr. 18 Apr. 25M Apr. 94 Apr. 49M Jan. 35 July 5014 Jan. Jan. 10 254 Jan. 7 28 33 Jan. 28 Jan. 49 9 27 Feb. 25 29 19 103 Feb. 15 54 4 Mar. 17 Jan. 3 58 Feb. 2 Jan. 51 June 52 42M Jan. 49 Mar. 47 M 40 45 4 Feb. 56 10 46 41 J 1 11 11 10 July 25 7 July 3 July 8 July 3 July 1 July 8 July 1 July July 29 7 July 10K July Sale 40 37 F Sale 46 41 O Sale 46 J 1961 21K Sale 20 *4 24 28M 22 K 25 Sale A 1958 F 22 M 35 98 K 100 51M 38M 5154 Sale 61 15 4 94 Sale 656 9M 8M 9M 21K Sale 24 M 24 M 10M 25 33 A MN 22 M Sale 49 MN 30 10M 13 Sale 1856 1054 10 12 9 Sale 9 9 12M 15 M 8*4 8M 9M Sale 10 Sale M 5 Sale —16 18 12M 7 334 43 4 "37 56 59 . 48 4 July 11 20 21M 21 Sale F f 6s K 20 1978 s 9M 9M 94 9M 11 3 Ms external readjustment—1984 J Venetian Prov Mtge Bank 7s—1952 A extl 8M 7% 9 25 10054 5214 "19 K 41 July July July July July July July July July July July July July July July 18M 19 19 Sale 1754 103 M 102M 104 4 102-M 102M 10154 103 4 1014 Sale D 4 Ms assented 17, 000 184 000 Yokohama (City) 19M 10 30*4 1979 MN 1952 1958 11K 27 254 Sale 9M 9K 11M J (City of) 6s AWarsaw (City) external 7s 4314 364 10 1978 A Vienna 35 48 Sale D J 19 Sale 9M c J6M 38 M 43 K 9 6 11M 7M 7M 37 50 9 2456 7M 41 8 15 7*4 8M 8M 8M 33 4 45 9 Sale 17 1952 MN External conversion 7% 7*4 68 M 8 45 10M 956 6*4 7 1966 MiV 100 7 754 1968 - 100 106 K 103 90 79 54 Sale 68 M 35 6M 6M A 1936 J 1950 J 1956 M 19 000 20 Sale 4314 39 M 50 29 M Sale 48 856 9K 84 Sale 8M 8M 11 18 17M Sale Sale Sale 7 % 37 Feb 1M Mar. 15 39 Apr. 19 48 101 75 M M 14 *4 14 1 12 5 10M July 10 9M July 934 July 11 76 K 51M 1M July IK July 14 July 54 Sale 10M 10% 21 4356 July "19" Sale 11 12 3 48 50 H 45 M 15M June 12 72 M May 24 4 1M June 29 11K 101 53 K . IK 9 Sale Sale 14 July 1M July *4 July 42 Sale 9M 9 956 7- Sale Prices1 38 M Jan. 19 23 Mar. 21 25 Mar. 2 '8 Jan. 5 1M Feb. 24 94 M 95 56 94 % 94 K Sale 97 M 93K 104 M 103 K 10456 103 Sale 103 104M •107 Sale 103 h Sale 101 Sale 101 Sale 99 99 M 100M Sale 9856 33 M July Sale Prices Apr, 19 2 16M Feb. 21M Apr. 26 4 1014 Jan. 64 5 May M Jan. 12 14 Jan. 12 Va Jan. 44 37 M 44 H July , Sale 9 11 Sale J. J 47 10 31 J of)— f 11 20 IK Sale Sale O 1961 f a614s extl secured 154 4?* I i* -.1966 J San Paulo (State of)— *a8s extl loan of 1921 2,,000 a8s external 43,,000 14 70 M July Sale 46 a7s Municipal loan : —1967 J 303 ,000 Rome (City) external s f 614S-.1952 A 18 ,000 ARoumania (Kingdom of) 7s—1959 F 3,,000 19 21 M 56 9 56 7M 9 8M 8M Sale 7 Sale 10 Jj Prague (Greater City) 714s 1952 AfN 55 (Free State) exts f 614 s 1951 M S, ASinking fund gold 6s 1952 A O 19 ,000 Queensland (Stateof) ext s f 7s_.1941 A 103 M 45 ,000 25-year extl s f 6s Feb 15 1947 F 106 M 17,,000 13 H July 68 1 Highest 25 1M IK 83 K 69 M Sale 10 M Sale 37 M Sale D 1963 ^February 1937 coupon paid ASaarbruecken (City) s f 6s Sao Paulo (City of)— 72 60 Sale 11 1946 18 1K 43 K 46 K 99 K 102 M 101 103 M Sale 101 54 M 18 ,000 APrussia 1 ,000 "53" 100M 101M 98 101M MN 1947 ser 21 M.July 70 "l9" Sale 1940 1958 a6s extl sinking fund gold a7s extl loan of 1926 loo"' H 54 10 ,000 AExternal sec 614s .89 ,000 Rio Grande do Sul (State a8s extl loan of 1921 16 ,000 103" Sale" 104 M S 1950 J 1 ,000 ARhine-Main-Danube deb 7s 7 ,000 ARio de Janeiro (City of) 8s Sale Prices 28 M July 11 18 97 103 alOl 1960 J 1961 APorto Alegre (City of) 8s AExternal loan 714s— Sale Prices 27 M July 24 21 *4 July Sale M M 60"" Sale 1959 M 5 ... 14 — 1M %K 55" Sale A M S SINCE JAN. Lowest 22 M - 67 H ..1968 A 44s assented — 4 4 1947 414s assented AExternal s f 8s___ M 14M 71 H IK K M M 1959 M N 11,000 APernambuco (State of) 7s 22,000 APeru (Rep) Sees f g 7s 200,000 ANational loan ext s f 6s 58,000 ANational loan ext s f 6s 11,000 APoland (Rep of) g 6s 4,000 414s assented.. 11,000 AStabilization loan 7s 55 ,000 47 ,000 12 ,000 M M *4 J Q 13 M Sale 67 M M N - 3,000 10 M ASmall a6s series A Ask Highest | 32 26 29 22 1954 25,000 New South Wales ext s f g 5s—1957 54,000 External s f g 5s .1958 7,000 Norway 20-year ext s f 6s 1943 21,000 20-year external s f 6s 1944 145,000 External sinking fund 4 4s—1956 111,000 External sinking fund 414s—1965 146,000 4s sinking fund extl loan. 1963 2,000 Municipal Bank ext s f 5s 1970 6,000 ANuremberg (City) external 6s__1952 196,000 Oriental Developments 6s 1953 195,000 External deb 514s _.__1958 64.000 Oslo (City) 414 s extl sink fund..1955 23,000 APanama (Rep) external 5Ms. .1953 7,000 AExtl s f 5s ser A—May 15 1963 1,050,000 AStamped (assented) 1963 29,000 40 23 MN 150,000 Milan City (Italy) ext loan 614S-1952 Minas Geraes (State of, Brazil)— 43,000 ASec extl s f 614s 1958 M S 20,000 ASec extl s f 614s 1959 M 5 AMontevideo (City) 7s 1952 J D 34,000 12,000 38 AAssenting 4s of 1904. 1954 AAssenting 4s of 1910 large..: AAssenting 4s of 1910 small * ATreas 6s of' 13 assent (large) 1933 * 28 *A Lowest D J July 31 Ask1 Bid Bid Ask A J July 1 1939 Bid A RANGE Jan. 3 >5 $ foreign govt (Concluded) 15,000 AJugoslavia (State Mtge Bk) 7s_l957 5,000 iLeipzig (City) external s f g 7s__1947 ALower Austria (Prov) 714s 1950 20",666 AMedellin (Colombia) 6>|s 1954 9,000 Mendoza (Prov) 4s readj 1954 AMexican Irrigation 44s gtd—1943 k44s stamped assented 1943 AMexico (U S) extern 5s 1899 £.1945 AAssenting 5s of 1899 1945 AAssenting 5s large. AAssenting 5s small 31 PRICES IN JULY Price 'III BONDS Value exchange-bonds 43 Sale 4056 41M Sale 39 M 48 38 M July 37M July 42M July 37 M July 17 M July 55 20 July 50M July 2 2 27 42 M July 19 37 Jan. 17 44 June 2 39 *4 July 39 July 44 July 5 37 4 July 20 22 18 26 36 Jan. 16 43 Mar. 3 35 Feb. 20 42 4 Mar. 47 June 6 37 M July 11 18 July 11 2414 July 55*4 July 26 1 ----- 25 Jan. 7 19 37 *4 Jan. 30 354 May 15 374 Apr. 11 144 Feb. 9 22 Apr. 12 164 Apr. 8 6 38*4 Jane 23 51 Mar. 11 184 Mar. 2 34 Jan. 5 >31 Jan. 11 53*4 July 19 60 May 404 July 1 67 Mar. 11 5 railroad and industrial companies AAbitibi Pow & Paper 1st 5s__1953 J D 66,000 1948 M S 14,000 Adams Express coll tr g 4s Collateral trust 4s of 1907 1947 J D 13,000 4Ms stamped.. 1946 F 15,000 1952 A 11,000 Adriatic Elec Co external 7s 1943 J 8,000 Ala Gt Sou 1st cons 5s ser A. First cons 4s series B 1943 J 19,000 14.000 Albany Perforated Wrap Pap 6s.1948 A 6s with warrants assented 1948 1,000 1946 21,000 Albany & Susq 1st guar 3 Ms 116,000 Allegheny Corp coll tr conv 5s__l944 Collateral and convertible 5s_.l949 122,000 ACollateral & convertible 5s__1950 5,000 a5s stamped 1950 249,000 1998 2,000 Allegh & West 1st g guar 4s 26,000 Allegh Valley gen gu 4s 28,000 Allied Stores Corp deb 4 Ms 4 Ms debentures 83,000 202,000 Allis-Cbalmers Mfg conv 4s 60 105 M 103 K 105"" 70 104" 50 106 49 10856 106 M 36M "35~~ F J 40 38 72 M 79 M 70 A 77 76 M 82 72 72 64*4 A A 38M A 45 M 103 K 1942 M S 1950 A O 1951 F A 1952 M 5 1955 M S 1,000 AAlpine Montan Steel 7s. Amer & Foreign Power deb 5s—2030 M S 502,000 1953 J D 12,000 American Ice s f deb 5s 1949 MN 222,000 American I G Chemical 5Ms Amer Internat Corp conv 5Ms..1949 J J 73,000 American Telephone & Telegraph— 20-year sinking fund 5Ms--_-1943 MiV 3 Ms debentures 1961 A O 342,000 3 Ms debentures 1966 J D 269,000 J 10,000 Am Type Found s f debs 2M-5s -1950 J 53,000 Amer Water Wks & El 6s ser A. .1975 MN 345.000 103 40 M Sale 50 Sale "25" 50 106 97 Sale cm Sale 93 M Sale 108 K 109 K 37 M 53 99 40 Sale "58 *4 10156 Sale 102 *4 102 102 Sale 103 102 1115-6 105 K Sale 111 Sale 47 48 40 M July 102 102 M 104M 102 ' July 101M July 104M 102 4 104 Sale 107 M 105M July 52 50 52 z50 July 109 K 110M 108M July 106 4 July 107"" 106 M 40 40 K 45 38 July 44 M 45 36 M 44 July 84 78 78 78 K July 76 M Sale 71M July Sale 64 M July Sale 67 28 33 July Sale 24 M July "28" Sale 52 M 55 50 50 July 106 Sale 106 *4 Sale July 100 99 M 100M 99 July Sale 93 95 M Sale July Sale Sale 110 108M July 35 35 31 July Sale 58 M July ~64~~ Sale 103 M 102 K 103M 102M July Sale 102 M Sale 101K July Sale 102 103 M Sale July Sale 109 K Sale 109 Sale 115 106 Sale 106 10056 104 107 Sale 107 For footnotes, see page 30. 110Ms July 109 M July July 105 *4 July 108 108 M; 106 4 July 11054s Sale 109 56 Sale 109 M Sale Sale Sale 105 M 109 M 1 109 1 48M 8 105 10 104 K 1 107 K 51 8 12 109 5 107 4 5 41M 44 21 6 81 5 79 3 7 6 24 1 3 5 1 3 1 13 69 *4 34 M 29 *4 50 M 106 *4 100M 95 *4 110M 31 64 102 M 21 102 *4 17 104 July July July July July July July July July July July July July July July July July July July July July July July July 27 111 July 3 110M July 1 110 July 7 106M July 7 107M July June 12 105 July 994 June 22 10414 July 1004 Feb. 16 1074 July 494 Apr. 19 664 Feb. 107 Jan. 17 109 July 104 Jan. 4 10714 July 324 Mar. 28 414 July 32 3 Apr. 44 July 72 Jan. 23 81 July 68 8 Apr. 854 Mar. 57 Apr. 10 754 Mar. 28 7 July 484 Mar. 224 Apr. 11 414 Mar. 4 94 Apr. 5 60 Mar. 103 *4 Jan. 10 108 June 93 Apr. 29 10014 July 2 884 May 95 *4 July 10 112 Mar. 1064 Apr 30 Apr. 25 40 ^ Jan. 484 Jan. 28 65*4 June 100 102 Jan. 100*4 Apr. 984 Apr, 28 20 25 28 29 21 25 10 9 9 9 8 %3 24 21 9 5 9 10 10314 June 11 10314 Mar. 13 10 1044 13 Jan. 27 11214 Jan. 5 11054 June Jan. Jan. 27 11054 June Apr. 12 lim Jan. Apr. 18 107H July 116% July 1055-6 1054 102M 994 24 18 4 12 8 12 13 27 EXCHANGE—BONDS N. Y. STOCK 22 Sales in N. Y. STOCK EXCHANGE 1939 105M 33,000 205,606 14,000 32,000 578,000 193,000 230,000 89 89 M 91% 92 % 87 M 100% 98% 108M 108M 108% 86 91% 221,066 iRef & 1995 J iRef & gen 5s series A iCertificates of deposit 408,000 gen 56 M 19 1995 J D 1.02,000 iCertificates of depositiRef & gen 5s series F iCertificates of deposit iConvertible 4%s 263,666 130,000 896,000 409,000 189,000 1996 M S PLE&W VaSysref4s——1941 MN iSo'western Div 1st mtge 5s-.1950 iCertificates of deposit J Toledo Cinn Div ref 4s A 1959 J 24,000 Bangor & Aroostook RR 1st g 5s 1943 J 19,000 Con ref mtge gold 4s 1951 J 11,000 4s stamped 2,000 Battle Creek & Sturgis --1951 1989 Beech Creek Exter. 1st g 3Ms.--1951 57,000 Bell Telephone of Pa 1st 5s B —1948 gu 3s ------ 42,000 30 59 M 105 63 % Sale 104 % Sale 40 A 117% 129 M 3 6,000 iDebentures 6s Berlin Elec Elev & Undgrd Rys— Alst 6Ms1956 207,000 Boston & Maine 1st 5s ser AC--1967 96,000 1st mortgage 5s series II 1955 238,000 1st g 4Ms series JJ_. 1961 12,000 % iBoston & NY Air Line 1st gu 4s *55 19,000 Brooklyn City RR 1st 5s 1941 62,000 Bklyn Edison cons mtge 3 Ms 1966 307,000 Bklyn Manhattan Transit 4%s_1966 6,000 Bklyn Queens Co & Sub gtd 5s.-1941 1,000 1st 5s stamped-. 1941 36,000 Brooklyn Union El 1st 5s--.--.1950 171,000 Brooklyn Union Gas Co 1st g 5s 1945 94,000 1st lien & ref 6s series A 1947 343,000 Debentures gold 5s 1950 323,000 ls<- Ben & ref. 5s series B 1957 42,000 Buffalo Gen Elec 4 Ms ser B 1981 Buffalo Niagara Elec 3 Ms ser C.1967 81,000 iBuff Roch & Pitts cons 4 Ms 1957 95,000 iCertificates of deposit 21,000 *tiBur] Ced Rap & Nor 1st 6,000 iCertificates of deposit 13,000 Bush Terminal Co 1st 4s. 105,000 Consolidated 5s M S 48 M Jan. Jan. 49 26 65 July 26 65 July 47 M Jan. 30 64% July 22 M 22 Sale 18 M July Sale Sale Sale July 18 H July 18M July 17 M July 23M 23 M 24M 24 M 23 % 23 M 23 % 23 M 13M 13 M 16 M Jan. 24 16M Apr. 10 23 M 23 87 40 M July 105M July 83 July 83 July 45 39 M July July July July July July July July July July July 55 July 54 % July 45M July 45 July 49 July 12 106M July 85 July 84 July 39 M July 116M July 134M July 7 118 July 6 135 M July 17 Sale 18 M 18M 22 Sale 22 Sale 13M 13 M Sale 16 "l4" Sale 46 54 Sale Sale Sale 56 M 45 38M 60 86 , Sale 85% 35 ' 47% 30 Sale 117M 118 135M 134 M 3,000 3,000 2,000 5,000 9M Sale 6M 6% 108M Sale MN 73 M Sale MN F J A MN MN J D MN F A J D MN 5,000 399,000 4,000 11,000 83,000 22,000 24,000 35 35 "86" 103 M 75 Sale 94 111% 109M 28 M 5M 78M Sale 31M 30 M 33 M 5M 6M 8 7 Sale 70 Sale 61 41 Sale 37 M 52 Sale iilH 118M 116% 117M 115 Sale 114M Sale — J D M M 1966 A 4s.. 1961 J 1987 J 1987 J S S O J J Sale Sale Sale Sale Sale Sale 60 105 M 106M 88 M 90 55 89 M 14 31M 12M 6 5M 10 ~~5% 6% 103 72 18M 5 54 100 M 92 M Sale 6M 14 11M 7M 14 Sale J* 67 Sale 56 Sale 93 M Sale 28 M July 7M 62 M 36 35 M 6 4M 71 37 M 54 102 H 92 M 38 M Sale Sale 5M 79 M Sale 6M July 57 Sale / 48 92 12M 15 34 8 3% 3M 7M Jan. 33 34 M Feb. Jan. 38 Apr. 102 July 28 28 28 Mar. 4 4 52 25 108% Jan. lo 3 1« 98% Jan. 50 Apr. 26 101% Jan. 39 M July 39% July 26 10 26 Mar. 17 116M Apr. 26 119 3 135% July 26 129M Jan. 34% 36 M 31M 6M 109 M July 110 75M 38 M 4£ 83 M 112 July July 79 M 42 July July 88 H July L13M 111M July 93 M July 103 M July 110M July 42 114 21 25 31 7 18 37 July July July 54 6M 3M 3M 34 7 3M 3% 6 4M 71M 41M 56 M 102 M 93 M 117 July July 117 July July July July July July July July 120 M 119M July July 121 117 116M 124 M 75 97 M 114 94 % 86 M 24 5% May 4 Feb. 14 47 107 % Jan. 68 Apr. Mar. June 8 45 Mar. 16 42 July 23 92 Mar. 26 40 Mar. 5M July 4M July 64 M July 13 10 Feb. 28 13 ,8% Feo. 28 75 Mar. Apr. 10 47 Apr. 17 92 Jan. 35 7 113M 113M 117M 117M 116M June 7 3 103 96% Jan. 10 3 July 20 19 117 July 17 4 117 May June 10 Jan. 26 121 Apr. Apr. May 112M May 114 ll\H Apr. Apr. 90 Apr. 112 Apr. 89 Apr. 81M May M July 10M July 10 M July 27 29 24 6M July 3 July 2 M July 90 M July July July 20 26 3% July 17 7 3 20 120% June 12 28 119% July 17 July 28 4 117 1 100% Jan. 23 8 20 20 9 94% Mar. 45 May 29 11 109 July 17 20 July 31 95 4 8 114% 1 Feb. 105 Jan. 85 43 Apr. May 4 52 Feb. 82 Apr. 17 97 Mar. 16 9M .Tune 16 8 31M Apr. 6M Apr. 10 3 Anr. 10 2% July 25 July 107 M July July 71 69 July 52 M July 24 1 18 4 5 July 93 M July 69 M July 100 80 July July 109 M 50 M 115 M 115 75M Sale 78M 34 H Sale 50 Sale 115 Sale 75 Feb. 12 100% Jan. 35% July 16M July July 3M July Sale 18 18 21 29 M July 15 July 4 32% 15M 12 M 116% July 11 124% July 82% Jan. 11 12 Vs July 14M July 105 M 107 M 107 105M 107 67 M July 66 M 68 M 70 M Sale 69 July 75 75 42 M July "42 H Sale "51M Sale 7 7 110M 16 6 14 28 Apr. 19 18 Sale 41% July 56% July 89 M May 43 7 79M 8 25 M Jan. July July July July July July July July July July July July July July July July July July July July July 18 ----- 3 17 26 97% July 31 26 4 105% July 24 Jan. 93 109 M June 13 113% Apr. 25 169 M .Tune 21 109% June 21 9 40% Mar. 26 M Jan. 30 103 M Jan. 72 M Jan. 43 M July 87 M July 7 24 12 113% July 6 114 July 40 5 105" 82% Mar. 80 M Jan. 106 % Jan. 17 31 5 7 10% Jan. 64 23 40 July July July July 3M 90 37% Mar. 28 111 July July 7M 100 69 M June 27 Jan. Feb. 35 109 95 90 Jan. 23 38 H July 37 28 8 108% Feo. 2 Apr. 100M Apr. 10 105% June 13 6 8 102% June 96 H Apr. 106 % Jan. 11 107% Mar. 15 Mar. 9 26 Jan. 39% 24 Jan. 26 40% Mar. 25 97 M 105M July 110M July July July July July 26 28 10.5 July July July July July July July July July July July July July Jan. 20% Jan. 21M Jan. July 30M 29 M 5M 4M 64 M June 5 Feb. 16 26% Jan. 7 Jan. 28 31 27 30 19 28 14 13 7M July July July July 104 % 104 M July 104M 104 102 M Sale 102M 103M 102 M July 104 July Apr. 6 50 28 5 78 17 115 Jan. Mar. 16 45 16 13 Feb. 45% July Apr. 7 28 28 28 Mar. 10 14 Anr. 5 Sale Sale 3 July 24 2M May 15 4 Sale 104 M S 100 99 M 103 M M S 3 44 M Jan. Jan. 43 6 18 4 16M Sale 10 10 30 115M 11 23% 23% 14 M 14% 55% 54% 7 M Feb. Sale Sale Apr. Apr. 23% Feb. 23% July 9M June 3n July 62 100 92 M July 93 M Sale 115M July 90 M 108M Sale 26 10 July 104 Vs July July 60 Sale 43 Sale 79 % Sale 90 OO 54 34 48 80 Sale 24 r 101M July 33 M 43 39 M 25 115 103M July 99 % July Sale 95 2M 2M 4M 24 16M Jan. Jan. 107 90 % 110 106% 74 % 67 M 60 % z2S 89 111 109% J July 106 % July 115M 119M 119M 117M 115M 114M 123 M 71M 95 M 96 95 M Sale 96% 1.13 H 117 113M 114M 113M 91 94 M Sale •91M Sale 84 M 86 M 84 86 86 60 35 60 37 M 107 107 M 106M 108M 107 M ~6M 28 M July 27 M July 23 M July Sale 116M 116 % 116% C/116M Sale 120M 120 M Sale Sale 120 H Sale Sale 118M Sale 116M 116M 117 115 115% 115M Sale 123 M 123M 124M 124 M 72 M Sale 73 M Sale 10M 3 15 6 Sale 28 M 7 115M 115M 119M 119M 117M 115M 39 Sale 23% Mar. 24 M July 24% July 10 Jan. 16 110 .109 M O 92 M Sale O 95 M Sale O 115M J Sale «7 118M Sale O D A 23 M July 60 M 57 109 M 109 H Sale 109 78 M Sale 75 M Sale 42 46 M 38 M 36 95 95 40 41H 88 86 83 M Sale 113 M Sale 112 M Sale 111M Sale 113 M Sale 97 M Sale .93 M Sale 103 M 103 M 105 M Sale 110 M 110K 110M Sale Sale 1960 A 1966 A 1962 A 1957 J 1969 J 1969 A 197OF 1955 J 1956 F 1951 M 1946 J A 27 M July 27 M July 24 M 28M 31 % July 32 July 32 62 Sale O J S f deb 4Ms (1935 issue)-----1950 S f deb 4Ms (1938 issue) 1950 Sale 1952 A 1955 J" 1962 A O Cent Pac 1st ref guar g 4s 1949 F A Through St L 1st gu g 4s 1954 A O Guaranteed 5s --I960 F A Central RR & Bkg of Ga 5s 1942 MN Central Steel 1st sink fund 8s 1941 MN Certain-teed Prod s f g 5%s A..1948 M S Champion Paper & Fibre— For footnotes see page 30. 38 M 82 M 106 M 26 - 283,000 50 MN mtge 5s -.1941 Cent Hudson G & E 1st & ref 3 M '65 Illinois Light 3%s Sale FA MN J D F A J D F A MN A O A O iChat Div pur money g4s 1951«7 D iMacon & Nor Div 1st g 5s 1946 J J iMiddle Ga & Atl Div pur m 5s '47 J J iMobile Div 1st g 5s. _-1946«7 J Central Foundry 1st mtge 6s 1941 M Centra] Sale 29 M JiCarolina Central 1st gu g Caro Clinch & Ohio 6s ser A__-_1952 94,000 tiCentral New Eng 1st guar 73,000 iCentral of N J gen g 5s iGeneral 4s___ 8,000 80,000 Central N Y Powei 3 Ms 32 28 M S 122 M J 80 M J. J 98 M 1946 M S 112% 1944 J J 98 M 1954 J D 91M 1960 J J 42 M 4s__1949 «7 J Central Sale 32 J —- 28 Sale J . 1.07 106 M Sale 103 M 103% 104M 10 LM 99 M Sale 108 105 Sale 23,000 Carriers 3c Gen Corp deb 5s w w.1950 2,000 Carthage & Adir 1st gu g 4s 1981 19,000 Oelotex Corp deb 4Ms w w_____ 1947 2,000 iCent Br Un Pac 1st g 4s .1948 JiCent of Ga Ry 1st g 5s..Nov 1945 iConsol gold 5s 15,666 1945 iRef & gen 5Ms series B 1,000 1959 iRef & gen 5s series C 13,000 1959 42,006 26 27 M J 28 28M 28$ 48 17M Apr. Mar. 24 June 29 18 28 28 28 10 14 28 28 86 86 Il7" July 38 % July Sale 85 , 87 82 July 39 45 Sale 43 M 49 106M 106 ,82% 45 Sale 40 M 1 16 M July 18 July 17 July 10 M July 9M July 46 M July Sale 52 39 M Sale 45 45 O A 46 10 July 16M Sale 25 64 M July MN 5s._1934 A O 43,000 Bush Term Bldgs 1st 5s gu 417,000 Calif-Oregon Power 4s 47,000 Canada Sou con gu 5s ser A 71,000 Canadian Nat gold 4Ms 71,000 Gu iranteed gold 5s July 46,000 Guaranteed g 5s___ Oct 25,000 Guaranteed g5s Guar gold 4Ms------June 15 53,000 Guaranteed gold 4Ms 70,000 98,000 Guaranteed gold 4 Ms 122,000 Canadian Northern guar 6 Ms 232,000 Canadian Pac 4% deb stock 102,000 Collateral trust gold 4 Ms 29,000 5s equip trust ctfs. 170,000 Collateral trust g 5s 133,000 Collateral trust 4Ms 40~666 J 12 26 M Apr. Jan. 52 52 Vs July 29% 101M 100 M 106 M 1944 Sandy Ry 1st mtge 4s July 28 37% Mar. 9 64 M July 17 8 106% June 1 102 M Apr. Mar. 8 1 25 19 M July Mar. 1 60 Apr. 28 72 Mar. 13 Jan. 25 102 100 33 M Jan. Sale 16 - UH 63 22 M 22 M 105 % 7 8 89% Mar. 9 71% Mar. 80 July 25 Jan. 6 72 July July 24 M Sale 97 65 19 Sale 25 1 76 M May 54 May 17 May 24 Apr. 10 65 28 27 M 89 Vs Jan. 102 28 106 M Mar. 24 50 M July 52 M July 30 A „ 16 May 18 18 M 1955 A 162,000 Bethlehem Steel 4%s series D--1960 J 460,000 Cons mtge 3Ms series E 1966 A 456,000 3 Ms s f conv debs 1952 A „ 13 20 31 25 18 Mar. 10 103 July 14 111M June 1,00 M July 28 27 M 1959 18 107 26 110 34 M July 64 M July —_ sinking fund 6 Ms Mar. 98 M Jan. 108 Apr. Sale Sale Sale Sale 46 5 28 31 17 31 3 20 3 26 27 July July 60 85 J 99 28 28 5 17 20 105M July 10 1 21 July 31 5 28 June Sale 18M 102 45 100 62M July 104 M July 19 M July 102 101 Sale 10M 9% July 7 8 111% July 98% June 30 96 Jan. 26 1 Mar. 99 M Feb. 20 100% Jan. 23 96 Apr. 10 103 M 62 M 64 ~17% Sale Sale 37 M Sale 107 M 98% Sale 58M July M July July 26 July 24 Mar. 10 Feb. 7 June 22 June 21 Apr, 22 112% June 6 114% July Jan. 94% May ll'A 14 3 11 59M 52 Sale Sale J Belvidere Dei cons gtd g 3 Ms 1943 J 9,000 iBerlin City Electric deb 6%s__1951 J F 6,000 iDeb _ Sale 16 35 M 35 J 1960 A First & ref 5s series C__ 34 M 17M Sale 43 J July July Sale 50 M Sale 13 M 45 M Sale Certificates of deposit 169,000 129,000 16,000 July 65 40 Sale 13 % 12 M iCertificates of deposit 80 74 Sale Sale Sale 18 5 S\ 65 52 M 52 M Sale Sale 18 M Sale --I960 F A 84 M July 64 M July 46 Sale 18 M 18 % — 5 76% 100 M Sale 20 M 20 2000 M S D 97 5 30 45 20% Sale 19 M Sale 20 M Sale D 7 61 Sale 114M July July July 39 Sale 1UM July lllM July 95 M July 82 July Sale 21 July 18 28% 26 42 19 98 1 101 11 101 105 M Apr. 86 M Jan. 85 57 59 M 11 103 110M July 114 July 63% Sale Sale July 103 M July 102 M July 111 July 84 M 45 11 101 July 102 42 104 M 20 3 July 98 M July 98 M July 58 % 74 73M Apr. 30% Jan. 92M Apr. 96 M May 9.6 Apr. 20 96 M July 101 July 56 78 71 56 .--- 6s series O iRef & gen 5s series Sale 19 111M July 92 M July 93 M July 99 M July 100 M July 91 82 SI* Sale 24 109 M July 92 July ----- 31M 32% 51% 55 M 104 M Sale 16M 22 M 71M 75M 101 102 iCertificates of deposit 179,606 110M Sale 109 % Sale 94 92 M 96 M "74 M Sale 93 92 M 74 M 100 99 98 M I,00 100 M Sale 101 98 95 90 94 M 92 M Sale 103 102 M Sale 100 M 102 103 100 M 111M 111M 111 110 111M II.1% 111.M illy* H2M 109 M "94" 933/ 93 M ~94M Sale 96 M Sale 96 93 M Sale 28 M July 38 July Sale Prices 104M Apr. 20 107 M July 26 July 36 July 96 M July 99 M July 99X July Highest Sale Prices 6 107 M July 25 Sale 90 M Sale 95 Sale 90 M Sale Sale 35 J iCertificates of deposit 397,000 99 M 99 M 85 69 76 69 1948 J Atl Gulf & WI SS Line coll tr 5s. 1959 J Atlantic Refining deb 3s 1953 M S J J J*AAuburn Auto conv deb 4 Ms-1939 J Austin & N W 1st g 5s guar.___ 1941 J MN Baldwin Loco Works 5s stpd—1940 Bait & Ohio 1st mtge g 4s.July 1948 A O ilstmtgeg5s July 1948 A O 368,066 1 Lowest Sale Price Sale Prices 38 36 94 96 M 99 M Sale Sale 100 Sale Sale Sale 107 % _ - 35 M 94 97 Highest 106 M July 28 Sale 99 26 Sale Sale 98 M Sale 25 Sale 34 M 98 Ask 107 M Sale Ask Bid 106% 25 M 30 - Second 4s Sale Lowest July 31 July 1 Bid J RANGE SINCE JAN. Jan. 3 142,000 Anaconda Cop Min s f deb 4%s_1950 A 0 Anglo-Chilean Nitrate— 84,000 iSinking fund income deb 1967 Jan 21,000 JAnn Arbor 1st g 4s -July 1995 Q J 5,000 Ark & Memp Bdge & Term 1st 5s '64 M S 305,000 Armour & Co 4s s f ser B (Del)-.1955 F A 157,600 1st M s f 4s ser C (Del) -1957,7 J Atchinson Topeka & Santa Fe— 443,000 Ceng 4s--._-__.1995A O 3,666 Adjustmentg4s July] 1995 Nov 126,060 Stamped 4s July 1 1995 MN 9,000 Conv g 4s of 1909 1955 J" D D 24,600 Conv g 4s of 1965 1955 D Conv g 4s of 19101966 D 225,006 Conv deb gold 4%s 1948 J 12,000 Rocky Mtn div 1st 4s A 1965 J 19,000 Trans-Cont Short Line 1st 4s gl958 55,060 Cal-Ariz 1st & ref 4Ms ser A- 1962 M S D 4,090 At] Knox & No 1st g 5s ---1946 J Atl & Char Air Line 1st 4Ms A. .1944 J 28,000 1st 36-year 5s ser B.__ --1944 88,000 Atl Coast L 1st cons 4s July 1952 MS 208,666 General unified 4 Ms series A.. 1964 J D MN 51,000 10-year coll trust 5s—May 1 1945 37,000 L & N collat gold 4s Oct., 1952 M N 32,666 Atlantic & Danville 1st g 4s 1948 J J 23,060 JULY PRICES IN Price || ll BONDS July Value 15 51 July 27 25 21 10 3 10 Jan. 6 7 5 4% June 21 5% Jan. 26 8 6 107 Jan. 16 Jan. 5 Apr. 11 80 July 15 July 25 28 Mar. 17 24 Feb. 1 19 110 Jan. 15 18 6 111% Mar. 10 109M Jan. 110M Mar. 25 112% •Tun.e 26 3 Anr. 11 24 39% Jan. 12 M June 196 M June 64% Apr. 64 Anr. 77% Mar. 10 18 72% Mar. % May 17 50 July 21 Jan. July 115 70 Apr. 100% Apr. 100% Jan. 6 12 40 July 7 18 Feb. 12% Jan. 6% Jan. 6% Jan. 32 June 79 13 27 91 42 115 18 104 H July July 1 103 19% Jan. 9 63% Mar. 11 55 Mar. 3 11 115% Feb. 27 Mar. 11 86 11 21 104% June 11 104% June AUG., 1939] EXCHANGE—BONDS N. Y. STOCK CO Sales in BONDS July Si N. Y. STOCK EXCHANGE Value PRICES IN JULY Price July 31 July 1 1939 Ask Bid Bid Ask Bid 76,000 182,000 314,000 Chesapeake & Ohio Ry— 1992 M S General gold 4/s Ref & impt mtge 3 Ms ser D_. 1996 M N Ref & impt mtge 3 Ms ser E_. 1996 F A 1940 J J Craig Valley 1st mtge g 5s Potts Creek Br 8,000 2d Ask 118 118M 125 M 126M 125 M 96 Sale 95/ Sale 100 Sale 98/ Sale 99 M Sale 98/ Sale 109 M ——109"!! 1946 J 1st 4s 4s gold 4s Warm Springs Valley 1st g 5s. 127". 000 AChic & Alt RR ref g 3s 176,000 Chic Burl & Q 111 Div 3 Ms- —. Illinois Division 4s 147,000 R & A Div 1st con g 1,000 con General 4s. 308,000 98,000 1st & ref 4 Ms series B 117,000 1st & ref 5s series A 8,000 *t AChic & E 111 1st cons g 348,000 X AChic & E 111 Ry g 5s 30,000 ACertificates of deposit 9,000 Chic & Erie 1st gold 5s J 1989 J 1989 J J 111M J 104 1941 M S 1949 A O 1949 J J 109 M 1949 J J 1958 M S Sale Sale Sale Sale 6s—. A Sale 1971 F A Sale 1934 A O 100 Sale 1951 M N 22 M 1982 M N 90 Sale 278,000 X AChic Gt Western 1st 50-yr 4s. 1959 M S rf g 6s 1947 B 1947 1947 A. —-19b6 6s series B_—May 1966 13.000 X AChic Indianap & Louisv 8,000 ARefunding gold 5s ser J J J Sale J 6,000 9,000 3,000 48,000 12,000 169,000 54,000 54,000 560,000 452,000 36,000 131,000 6,000 1,000 53,000 44", 000 27,000 10,000 22,000 318,000 Alst & gen Chic Indiana & Sou 50-yr Chic L S & East 1st 4 Ms Sale J Sale 69 M Sale" X AChic Mil & St P gen g 4s ser A. 1989 AGen g 3 Ms series B—May 1 1989 AGen 4Ms series C —-May 1 1989 AGen g 4 Ms series E—-May 1 1989 AGen 4Ms series F—May 1 1989 X AChic Mil St P & Pac mtg 5s ser A 75 AConv adj 5s —Jan 1 2000 Sale Sale Sale Sale Sale AStpd non payt Fed inc tax. 1987 AStpd gen 4/s non-pay inc taxl987 AGen 5s stpd non pay inc tax. 1987 AGeneral 4Ms stamped—---1987 *Al5-year secured 6Ms- — - — -1936 Alst & ref g 5s —Mia,y 2037 Alst & ref 4Ms stamped.May 2037 M N Sale Alst & re — —— May 2037 --1949 4Ms serC series A *X AChicago Rys 1st 5s AConv 4/s M N Sale MAT Sale MAT J D J D 6,000 O 15 1951 111.000 3.628,000 Sale 9 Sale D 74 63 M 60 Sale" D 56 M 45 Sale S O M S 78 105 Sale 101?. Sale 88 M 88 O 75 M A J Gulf consol 5s - -1952 MN inc Gas & Elec 1st mtge 3/S-1966 F A 1st mtge 3 Ms 1967 J D 49 M 105 M Sale Sale 89 78 M 13 M 1942 MiV 11M 108 M 108 M 110M 111M 100 M 101M 3Ms series D-—1971 1st mtge guar 3Ms ser E-_----1969 Clearfield & Mahon 1st gtd g 5s-1943 MN 107/ 1993 D 37 76 1995 D 77 88 1977 J 60 Sale 1st mtge guar — E 4s.----1991 F A J 55 60 62 69 / 96 f g 5s deb Sale J — Conv 65 coll trust g 4s -1990 MlVj series B guar 1973 1st s f 4/s series C 1977 Coal Riv Ry 1st gu 48- — — ---1945 Colo Fuel & Iron Co gen s f 5s.-1943 a5s income mtge.__ — 1970 Colorado & Southern 4 Ms ser A. 1980 Columbia Gas & Elec deb 5s...-1952 Debenture 5s Apr 15 1952 Debenture 5s -Jan 15 1961 Columbia & Hock Val 1st ext g 4s 48 Columbus & Toledo 1st ext 4s. -1955 Columbus Ry Pow & Lt 4s-—_-1965 U Commercial Credit debt 3 M8-1951 Commonwealth Edison Co— 1st mtge 3Ms series I —1968 s Sale J M S\ J J 3 Ms Conn & Pas^um Rivs 1st g 88" 96 107/ 109M O J F F A Sale A 74 Sale 106 M 102/ 103 60 M Sale J F A MN 43 M Sale MN 94M Sale A O 94 Sale J J Sale A O 93 109 F A 109 O 110 Sale 109/ A 109 / 104 108 MN Sale Sale 98 M 1948 1956 106 M Sale 105/ 105M Sale 3 Ms debentures 3Ms debentures 3 Ms debentures— - ADebenture 4s ADebenture 4s 14,000 Consolidation Coal s f 5s Consumers Power Co— 105/ 105/ 24,000 60,000 25,000 59,000 195,000 Ms 1st lien & unif mtge 3 Ms1st mtge 3 Ms 1st mtge 3 Ms 1st mtge 3Ms For footnotes, see page 30. 1965 1965 1967 1970 1966 114 Jan. 9M July 28 101M July 13 104 M July 99 % July 91 24 Sale 23 Sale 22M 24M 25 24 M Sale 23 M 5* Sale Sale Sale Sale 13 14 M 14M 11M 14 M 13 M 1*6 M 8M 14 M Sale 7M 3M 8M 8% Sale 55 13 M 13 58 Sale Sale m Sale 6M Sale 7% Sale 7 Sale 2M Sale 84 M 67 M 54 72 M Sale 67 % 52 M 3M 63M 111 % 22 21 79 M 35 3 52 M 20 M 22M 6 1M 12 M 11M 10M 14 12 13 26 July 28 96 M July 111 July 26 26 July 18 17M July 18 85 M July 25 21M July 27 18 10 M July 10 July 24 62 M 13 H July 12 M July July July July July July July July July July July July July July Jnly July July Sale M Sale 16 13 M 13 M 13M 13 M 50 MN 14 118 July 14 Feb. 24 14 H Jan. 5 21 28 1 12 M May 81M Jan. 26 15M Apr. 11 9M Apr. 25 9M Feb. 17 11M Jan. 12 5 3 July 26 25 12 25 28 12 54 M July 14 July July 7M July 7 M July 7 % July 3 July 31 27 21 27 24 12 22 24 24 28 31 17 28 31 31 25 26 19 45 July 27 July 22 49 15 51M July 11M July 11 July 5M July 4 M July 13 July 7 M July 7 July 6 July 5M July 2M July 81M July 67 July 77A July 7 July 3 July 81M July 67 July 1 6 68 53 6 " 12 10 M Apr. 11 Apr. 1 111 110M 111M 111M 111 M 103 M 100 109 / 110M 75 42 68 il* 66 75 90 67 M 83 Sale 83 40 47 51 Sale 29 M ----- 20 58 MN 107M 108 107 M Sale MIV 108 Sale 108 M MIV 104 M Sale Sale 12 13/ li* Jan. Jan. Jan. Jan. Jan. 16M Jan. 19 Jan. 11 Apr. 20 2 20 Jan. 5M Apr. 5M Apr. 5M Apr. 8 12M Jan. 11 11 Jan, 5 6 11 Jan. 4 5M Jan. 4 Jan. 11 18M Jan. 16 M Jan. 10 3 June 16 11 8 13 5 Apr. 8 4M Apr. 14 5 Apr. 8 4 Apr. 8 2 H May 19 70 Apr. 17 67 July 19 11 Apr. Apr. 10 M Apr. 43 May 31 Apr. 11 Jan. 26 Jan. Jan. 57 9 8 4 4 Jan. 4 5 5 9 5 4 M Jan. 83 M Mar. 10 67 July 19 63 M Feb. 68 July 28 June 5 54 25 107 8 4 Jan. ' 8M Jan. 9M Jan. 3 109M 105M Jan. 17 110 5 106 M 100M Jan. 86 M May 22 97 88 Jan. 16 96M 17 Mar. 15 Feb. 17 29 May 29 July Mar. 13 Mar. 15 Feb. 10 11M 108M 110M 100M Feb. July 15 15 Mar. 14 111M July Jan. 10 111M July 4 103 M July Jan. 11 12 7 106 Apr. 64 109 63 Apr. 79 10 18 110M June 16 May 31 111M June 20 8 Mar. 8 Mar. 63 July 7 10 68 July 19 '52 M July "28 63 M Apr. 13 77 Jan. 77 66 45 M July 90 Jan. 23 85 Mar. 10 45 M July 56 M Jan. 10 56 Vs 59 % 65"" 69 H 65M 68 M 100 99M 100 M 100M Sale July 96 93 M July 93 M 95 90 M 106M 108M 108M 108M 107 M July 8 100 M July 17 93 M July 13 108 M July 6 17 10 107M 108M 108 M July 21 108 M July 21 108 5 IK 4 *'ar. 11 107 - 63 M Feb. Jan. 82 M 89 M Sale 80 M 76 M 82 M Sale 105 M 103 M Sale 104"" 106 81 91M 83 M 77 M 105 M 103 M 55 M 28M 103 M 83 M Sale Sale Sale 82 % July 89 July 84 July 91M July 84 M July 77 M July 82 M July 76 M July 90 Jan. 48 35 Sale 110 110M 110M 124 M115M Sale 98 M I14M 113M 109 109 M 107 M 108 108M 105M 105M 106 106 M Sale 106 % 106 M Sale 106 H 108 108 M 108M Sale 103 M Sale 8 10 7 12M 8M 8M 15 8M 54 51M 105 M 104 58 60 Sale 111 Sale 28 29 11 13 Feb. Feb. 110 115 45 28 8 6 11 28 108X June 22 9 107 H Mar. 17 92 A Jan. 103 M July 103 M July Jan. 94 92 H Jan. 109 X Feb. 114M July 114 July 109 July 104 M July July July 109/g Jan. 107 6A Feb. Jan. 103 113 H July 113 % July 109 M July Sale July July 105 % July 106M July 105H July 108 July 106 M July 107 M July Sale Sale Sale Sale 15 22 M July 103M July 10 108 M July 107 107 110 108M 111 108M 107 Vs Sale 110M Sale 109Vs 109 M 110M 110 Sale 107 Sale 108 108M 107 107 July July 109 M July 109 M July 107 July Mar. 11 5 104 31 Feb. 14 65/ Mar. 14 47 Mar. 10 3 103/ June 15 3 103/ June 15 3 103/ June 13 24 114/ June 2 25 114 July 6 1 110/ Jan. 25 25 105/ May 3 May 23 July 29 Mar. 16 July July 20 20 Mar. 11 May May 6 9 6 108 104 ^ June Feb. 28 27 105 X Jan 109/ June 20 22 M July 10 M July 13 July 31 24 18 Apr. 10 22/Mar. 7 00^ Apr. 10 106 July 31 8 May 16 10/ Mar. 8 54 July 9 Apr. 22 10^ June 21 3 9!4 May 443^ Feb. 21 13 106 July 51M July 85 79/ Mar. 13 7 106/ Jan. 7 10 107 M July 29 109 M July — 15 54 M 89/ Mar. 11 91/ Mar. 13 26 107 H Jan. 27 111/ 104% Apr. 14 124/ 89 H Mar. 16 89/ 110^1 Jan. 23 113/ 3 109/ 108 May June 14 110/ 107 103 A May 25 107 lObA June 16 108 111M July 124 M July 109 108 M 108 28 11 June 30 July 103 M July 6 51M 79 A Apr. 85 Apr. Jan. 75 68 Apr. Jan. July July 34 M July 98 M 25 25 7 M«'1. 70 4 100 M June 24 93 M July June 19 111M Mar. 13 106M Feb. 24 106 M Feb. 24 Jan. 103M July 45 July 28 July Sale 102 X July 102 H 103 H 103 102M July Sale 102 101M July 103 M Sale 113 113 114M July 114 113 113 July July 108M 108M 108M 108M .108 M JUiy 103" " " % July 103% Sale 104M Sale 44M 34 M 102 M May 22 20 96 105 106 ----- MIV 3 3 20 19 110M July 25 28 110M July 10 15 Sale 69H 11M 110M 111M 103 M 12 May 110M 109 July 109M July 108M 110M 109 H 110 12 M 92 16 Apr. 10 July July July July July July Sale June 29 6 10Ye Apr. 29 4 10 Apr. 107 Sale 23 11M Jan. 5M Jan. 29 1M July 9M May 108M July 110 July 106 July 94 M July 94M July 21 73M July 6 11M July 15 111M July 11 111M July 12 103 M July 7 94 M 69 M 13 M Jan. Jan. 15 May 104 92 M 91M 71M Sale 15 11M 6 Jan. 2 Jan. 4 6 Mar. 9 75 14 112M May 10 5 19M Apr. 20 28 M Jan. 1 18 Feb. 28 27 May Mar. 14 29 18M Apr. 11 19 M Apr. 11 Mar. 11 29 WA Apr. 12 28 M Jan.. 5 3 63 M Apr. Feb. 55 59 M July 49 M July 21 86M Mar. 10 4 24 M Jan. Ill 59 70 Sale 20 101M July 13 12 104 M June 7 18 100 Mar. 8 85M Apr. 20 94 M Mar. 19 5 90 M June 99M Mar. 10 1 112M June 30 97 Feb. 3 12M Apr. 10 22 M Jan. July 8M July 8 % July 8 July 4 / July 13 June 27 8 97 H Apr. 100 M Apr. 94 Apr. 105 M July 110 July 12 June 6 June 3 Jan. 17 104M Feb. 21 111 3M July 3M July 64 July 112 July 24 M July 22 July 25M July 25 M July 24 M July 7 6/| July 2M July 13 M July 146/g July 11M July 14 July 14M July 105 M 106 M 105 M 106 M 105 M July 107 M 108M 108 108M 107 M July 108 107 / 108 M 109M Sale July 105 M 106 105M 105 M 105M July 91 94 M Sale 90 M July 90 / 24 M 22 103 J&J 1955 A&O 1955 1956 1960 1st lien & unif mtge 3 109 M 109 1958 AConsol Hydro-Elec Wks of Upper Wuerttemberg 1st 7s 1956 3,000 361,000 Consolidated Oil conv deb 3MS-1951 22,000 J AConsolidated Ry deb 4s— — 1954 ADebentures 4s -- 105 85 Sale 88 M 78 M I09M 249,000 57,000 108,000 July 14 July 25 105 J 1958 4s—1943 4 Ms Jan. 4 125 M Apr. 11 100 M Jan. 3 100 M June 15 105 104M A 108/ Conn Ry & Lt 1st g 66 M 113 84 78 108M MIV 1951 "V.666 - 5/ " 6M 4/ 5/ 5M 5M 4/ 2M Sale 49M 59 M Sale Prices 118M 95M 95M 103 M O Stamped guar 4/s__ — -——-1951 7,000 34,000 Conn River Power s f 3 Ms A—196' 137,000 Consol Edison (N Y) deb 3M8--1946 • 51M Sale 9/ 64 104 M 107 M S J 7.000 Clev Short Line 1st gu 4Ms- —-1961 A 96,000 Clev Union Term 1st gu 5 Ms A-1972 A 130,000 Sale D AChoc Okl & Spring & Col Div 1st g 4s 1940 W W Val Div 1st g 4s — 1940 1.000 82.000 CI eve Elec Ilium 1st M 3 Ms-—1965 Clev & Pitts gen gu 4 Ms ser B — 1942 Series B gu 3 Ms 1942 Series A gu 4 Ms 1942 3.000 Series C gu 3 Ms 1948 Series D gu 3 Ms—1950 General 4Ms series A—.—vs "4517 Gen & ref mtge 4Ms series B-1981 1,000 Sale D J 18,000 1,000 57,000 8M 7M 8M J J Ref & impt 4 Ms series Cin W & M Div 1st g 23,000 11M „ J OCC&StL gen g 4s General 5s series B— 715,000 44 M 47 j J 27". 660 "5". 000 9,000 183,000 617,000 .48 8 1963 1st 7 Sale 4 19b3 series D_Ms series E 1,334,666 98,000 115.000 3 8/ 8/ 3/ MN 1st mtge 3 St Louis Div 1st 3 64 M 9 16 M —— 1960 -—1951 31.000 Cin Leb & N 1st con gu g 4s Cincinnati Union Terminal— 11,000 45,000 7 7/ 44 M 18 M 1st mtge 4s b 3 15M 12M 10M 3 M Sale Sale Sale Sale Sale 11/ 10 M 10/ MIV 1952 M~S 3Ms guaranteed-------1951 59,000 210.000 Chicago & Western Indiana 4s. -19o2 1st & ref mtge 4 Ms ser D 1962 123,000 — 1943 93,000 Childs Co deb 5s 36.000 D J Memphis Div 1st 4s--- —----1951 j 12", 000 Chic T H & S'east 1st & ref 5S--1960 J Income guar 5s_Dec 1 19bU M 26,000 Chicago Union Station— Guaranteed 4s_—— 1944 A 19,000 21,000 Sale M S 13/ 10/ 11/ Sale 10/ Sale 17 11/ 12/ 12 16/ 8/ 14 12/ 9M 8/ stamped *ASec gold 4 Ms series A253,000 ACertificates of deposit 51,000 AConvertible gold 4 Ms 153,000 4,000 Chic S L & N O gold 5s Gold 3 Ms June 3,000 125.000 3/ Sale 5 3/ 67 63/ 111/ 113 22 24/ 22 20/ 23 23/ 22 25/ 22 27/ Sale M N — — 12/ 2 198/ AGeneral 4s 12 M 11 10/ " Sale Sale 110 _ Sale M N Sale Prices 12 27 July 28 ..... ..... 6 198/ 3Ms X AChic & No West gen 1 Highest 109 Sale Feb 1 1938 25%.part paid—-1927 20,000 248,000 X AChic R I & Pacific gen g 4s—-1988 ACertificates of deposit 4,000 ♦ ARefunding gold 4s—— 1934 A 177,000 ACertificates of deposit — — 63,000 2.000 J 4s—-1956 --1969 Sale Prices 125 M July 100 July 118 109 11/ ilfN Sale Prices 124 M July 98 M July 116M 117M 116M 117 M 117M July 109 109 110 July 109/ 109M Sale 8 7M 8/ July 100 M Sale 100 M July 100M Sale 102 102 / 103 M Sale 102 July Sale 99 98 / Sale 98 M July 87 M 88 M 90 M Sale 87M July 96 / Sale 92 95 94 M July 110M 112 110/ 110M July Sale 17 16 17 16 July 17 M 15 i5M 16 July "84"" 86 85 90 85 July Sale 20 17 M Sale 17 M July J ~3~, 666 SINCE JAN. Lowest Highest 100 14 J ARefunding 4s series C Alst & general 5s series Sale Lowest 98 M July 109 105 1977 F —. - RANGE Jan. 3 3 109 M July 108 M July 9 110M July 25 110M July 1 108 M July 22 13/Jan. 9 10/ June 21 12 Jan. 19 55/ June 12 106 May 11 May 31 111 105 X June 9 109/ May 23 107 M Apr. 17 110/ May 23 10734 Apr. 15 Ills/ May 22 103% Jan. 27 109/ May 25 N. Y. STOCK 84 Sales in 8"8 BONDS July Value n. y. stock Container Corp of Am Deb gold 5s 1st s f g 6s 1946 J D 1943 D J Continental Oil conv deb 2 Ms. -1948 J D Crane Co s f deb 3%s___ 1951 J D M N Crown Cork & Seal s f 4s___—1950 F Crucible Steel 4%s deb ser A—1048 Cuba Northern Rys 1st 5%s 1942 Ask Sale Sale 104 100 108%'Sale 105 106 104 M 104 M A Ask Sale Sale 103 103 99 99 % Sale 107 M 107 M 106 M 107 Sale 103 M Sale 103 M 103 % 104 105 M 105 % 106 105M 106 98 100 % Sale 99M Bid % Ask Bid 104M 99 "33% Sale" 38 M 44 46 33% 35M 40 M 31M 36 32 1946 47,000 Dayton Pr & Lt 1st & ref 3%s_-1960 1943 508,000 Del & Hud 1st & ref 4s Delaware Pr & Lt 1st M 4%s—1971 ii~ 666 1st & ref 4 %s 1969 1st mtge gold 4%s_---10,000 1969 3,000 Denver Gas & El 1st & ref 5s—-19&1 2,000 Stamped as to Pa tax — ---159,000 t*ADen & Rio Gr 1st cons g 4s. _ 1936 *AConsol gold 4%s 14,000 .-----1936 18,000 t ADenv & R Gr West gen 5s Aug 1955 a Assented (subject to plan)----125,000 ARef & imp mtge 6s ser B 1978 197,000 tiDes Moines & Ft Dodge 4s—1935 Certificates of deposit—-------5,000 1 ADes Plaines Val 1st guar 4%s_1947 Detroit Edison— Gen & ref 4%s series D ___----1961 69,000 Gen & ref mtge 4s series F...1965 113,000 Gen & ref mtge 3%s series G-1966 61,000 ADetroit & Mack 1st lien g 4s.--1995 ASecond gold 4s_ "4", 660 ----1995 187,000 Detroit Term & Tun 1st gu 4%s 1961 1951 21,000 Dow Chemical deb 3s—. Duluth Missabe & Iron Range a o MN J J J J J J MN MN J J J J F A 109 63 107% 101 104% 107 Sale 106 M 106 M 106% 106 M 15% Sale 14% Sale 6 AO 9% J 3% MS Sale Sale Sale 5M J ----- Sale ..... 1946 7 %s series A extended to 6s series B extended to— JULY RANGE SINCE JAN. 22 Sale Sale Sale 4M 33 Lowest July 31 July 1 1952 Cuba RR 1st 50-yr g 5s. IN 1 . 1939 H Bid .15,000 52,000 317,000 63,000 10,000 82,000 268,000 46,000 27,000 PRICES Price Jan 3 *1 0* exchange EXCHANGE—BONDS Sale 36M Sale 34 30% Sale 33 Sale 35M 38 29 Prices July July July July July July 27 M July 33 July 36 July Sale Prices 31 104 M 100 M 107 M 104 M 105M 106 Sale Prices 34 % 108 h 107 H 105% 107% 105 H 9% 9 8M 10M 10M 9M Sale 3 3M 3 3M 2M 5 7M 5M 106 4 24 28 106% July 52 M 108 104 M 106M 105M 105M 7M 8M 106 July 108M July 106 July 105 M July 10H July 11 July 3% July 3% July 7M July 108M July 106 July 106 M 105 M July Sale 8M July Sale 8M July 3 July 3% Sale 2 M July Sale 5M July I06M Sale 3 Apr. 110M Mar. 70 H Mar. Jan. 109 Jan. 106M Mar. 108M May 31 107 M Mar. 29 107 M Apr. 15 Feb. Apr. July 15M J an. 14 % Jan. 3 June Jan. Jan. 5 5 10H Jan. 5 SiI June Apr. 25 3M May 1 32 May 24 111M 111% 110M July 12 110M 112 109M July 27 110M 110M 109 % Sale 111M 112 111M July 31 112 M 42 M 50 40 M 50 21 25 "26" July ""3 18 25 102 H Sale 102 M July 10 102M 103 105 H 106 M 105 M July 19 105M 106 111M July 110M July 113 July 17 5 17 110M June 29 109 June 2 110M Jan. 13 40 Jan. 23 20 July 3 98M Feb. 7 104 June 7 30M —-- 4M 31M 5M M July ----- 8 9 8 8 Feb. 5M July 4M Mar. Jan. 21 3H Prices Apr. 10 105M Mar. 14 May 2 100 M June 20 105M Apr. 8 109 M May 27 102 M May 1 106 M May 24 6 106M Feb. 18 104 M Jan. 98 July 5 101 July 18 27 M July 20 37 Mar. 11 33 July 15 40 M Mar. 4 36 July 17 45 M Mar. 10 32 % Apr. 10 38 Mar. 9 96 July July July 33% July 35% July 40M July 107 M July 60% July Highest 100 July July July 101 106 % July 108 M 107 % 108 104 59 M Sale 53M July 53 M Sale 108 M 108 H 106 106M 105 % 106 M 105M July 108 H Lowest Highest 3 5% Mar. 2 32 May 24 ^ . 112% Sale O 111 M 5 J D D Sale 111 45 J 20 MN J D "55"" 97% 106% Sale Sale Sale 106 M 12 105. 105 M 90 138 M 148 Sale J 105 M 16 M J D 110M o 102 M 84 M MiV J J 134%, F A 106 M MN 105% 50 A O No Div 1st g 4s_1948 1st g 5s -1956 1995 Electric Auto Lite conv deb 4s. 1952 Elgin Jol & East 1st g 5s .-1941 El Paso & S W 1st & ref 5s 1965 5s stamped 1965 Erie & Pittsb gen gu g 3 %s ser B 1940 Series O 3 %s --1940 t AErie RR 1st con & prior lien 4s 1996 Alst consol gen lien 4s ---1996 AConv g 4s Series A .--1953 A O o 1953 1953 o 15% Eastern Ry M Ed El 111 N Y 1st cons g 5s . a4s series B AGen conv 4s Series D. J 50 102 J 102 J 41 J O .. AN Y & Erie RR ext 1st 4s.—1947 MN *A3d mtge 4%s 1938 M S 21 Sale 13 14 M 23 13 16M 14 M 9V4 11" Sale 14 Sale Sale a 164" M S '77% 100 M __ J D a Sale "99"" 95 100 M 101M Sale 103 87 % 90 o J J J D M 5 38 63 MN 1 MN D ______ __ ^ D 1956 D 1946 M S 1942 J D 1941 100 99 % 36,000 248,000 719,000 398,000 250,000 14,666 18,000 41,000 Ry—1st & refund 4 Ms series a Gen mtge 5Ms series B Gen mtge 5s series C_ Gen 4 M s series D Den 4 % s series E Gen mtge 4s series G Gen mtge 4s series H Gen mtge 3%s series I. ..... _ Green Bay & West deb ctfs a... ^ 97% 1973 J 1976 J 1977 J 1946 J 1967 J Feb Feb Greenbrier Ry 1st gu g 4s GHlf Mob & Nor lst 5%s ser B. l^t mtge gold 5s series C ~ Gulf & Ship Island|5s stpd 1952 mtge 4%s_. 1961 32",000 Gulf StateslSt'l lst J a 2% 1% 102 45 Sale "74" 70 Sale 87% 82 M 82 M Sale 98 M Sale 86 M Sale 75 74 M 60 54 M 7% 7M 70 o 67 M 70 75 100 93 M Sale J AHarpen Mining 6s J con g 4Ms 4,000|Hoe (R) & Co 1st mtge........ 1944 A O 34,00011*AHousatonic RR con g 5s...1937 MN 44,000'Hock Val 1st For footnotes, see page 30. 1949 J 1999 J J 25 103 28 26 22 139 151 July 109 July 106 % July 14 Jan. 85M Feb. Feb. 105M Apr. Jan. 20 106 | 50 M June 17 July 16 M July 15 July 10 % July 10 % July 41 July 38 July 8M July 8 July July 38 July 40 79 M 40 116M 118 65 67 36 Sale 44 25 July June 27 Apr. 12 Mar. 9 Mar. 103 4 28 106 % 92% 23 151 11 109% 20 107 % July 25 Mar. 11 July 26 Mar. 10 June 23 29 Mar. 14 10 65 103 % Mar. Apr. July 102 40 Apr. 15 May 11M Apr. 11M Apr. June 13 7M Apr. 7M Apr. 102 July 44 M July 20 M July July 17 113 Jan. 26 108% May 26 12 July 31 19 Mar. 19 108M June 8 112% May 19 102 July 40M July 15 M July 13 % July 14 July 4 26 113 6 102H June 24 48 i!H 2A% Mar. 15 Mar. Jan. Jan. Feb. 14 Jan. 14 Jan. 1 5 5 28 3 3 38 June 46% Jan. 37 87 May 45% Mar. 11 Mar. 90 9 60 65 7914 76M 106 H 106M 105 % Sale 102% Sale 102 M Sale 99 M 98 M 102 102M 102M Sale 101M 102 M 103 M 103 M 99 M 100 M 98 105 M Sale 104 % Sale 56 o o 106 M July 89 July 106 M July 86 M July 148 % July Feb. 112M Jan. 105 67 7M 7M 8 7M 8 7 7% Sale 102 % July 102 M July 102 % 103 M 100 105 % 100M Jan. 101 Apr. 87M Jan. 1C 100 102M Jan. 21 105% 35 Apr. 10 44 55 July 28 65% 6 10 5M Apr 5 5M Apr. 99 M July 104 M July "55"'"July" 57M July" 13 8M July 18 8M July 17 7M July 7 July 17 M 13 103 Vs 103 M 83M 46 July 102*»32l03 1022932July Sale 103 M July 104 % Sale Sale 84 M July 86M 84% ... 60 71M 62 M 105 M 107 M 107 94 M 93 74 64 5M 53 M Sale 27 1022I32July 29 105% July 65 Vs July 1 21 3 June 14 3 3 14 39 102% July 27 107% Jan. 11 7 Feb. 9 71 % Mar. 3 5 24 104 July 21 37 May 98 May 25 Apr. 14 104 June 18 Apr. 14 105 May 15 90% Feb. 6 24 103^ July 104% July 86 July 28 106 M July 86 Sale g* 94 M 100M 91 86 79 53 M 6 86 % Sale Sale Sale 78% July 65% July 107% 99% 91% 86% 86% 100% 91% 79% 93M July Sale 6M 4 Jan. Apr. 15 3% June 14 1% Mar. 8 3% June 15 18 102% July 14 38% July 27 46% May 5 1 7 26 June 13 107% 48% Apr. 11 12% Apr. 20 13 Apr. 6 16 18 Jan. Jan. 5 8 45 Jan. 11 98 83 103% Jan. 74 M July 62 M July Sale 73 60 Jan. 6 4 106% Mar. 1 ..... 85 M 81 84 M 72 M 53 M Mar. 14 123% Apr. 18 125% June 22 Jan. 4 102% Jan. 31 105 6 95 May 4 104% Jan. 5 59 Jan. 3 49% May 48 Apr. 13 62% Jan. 18 26: Jan. 28 6 45 3 59% Jan. 10 ----- 87 M 94 June 29 89 104M 78M Sale 6 1 .... ~60~~ ." 77M 62 M 39 June 22 2 6 17M 48 5 4 June 14 14' 100% Apr. July 10414 July 103 M July 57 July 58 July 55 July — 41 June 14 27 10 14 3 31 125 July 125M 126M 125 103H 104% 103M July 104M 101 % July 100 101M 102% Sale 54 53 M July 58 53 59 % 56 M 57 61 July 59 52 53 60 53 56 M July 12 Jan. 107 103 24 10 >M July 39 July 128 102 Ma 102% 102 M« July IO22132IO3 104 M July 105 105M 104 M Sale 60 63 M Sale 60 Sale July 12 15 12 14 M r t , 5 3M July 3 July Jan. 100M Jan. 98 2 2M July 2M 3 3% 2M July 2M 3M 2% 3M 102M July 100M 102M 100% 104 39M 38 M July 36M 41M 36 119 May May July 11 101 Apr. 7 102% July 13 103% Mar. 104 July 31 July 27 July 18 July 18 Feb. 86 J3 106 % July 103 July 17 M 17 M Apr. 2( 105M July 102 M July 44 1940 MN 1950 a 1950 a 6 19 10 106 42 as 1946 J Alncome debenture ctfs B 94 43 94 50 M 101M Sale 1961 1952 88"" Sale 40 Sale 86 % 25 85 103M 104 72% 63 M 1950 94 Sale 57 % Great Northern 41,000 172,000 61,000 40 88 16 44 84 1947 1944 Sale Sale 56 M 122 1945 41 42 K Sale 40 Sale Sale a 104 M 166" 18,000 General Cable 1st s f g 5%s A—1947 J J 102 % Sale 57 M 59 1945 J J 5,000 AGeneral Elec (German) 7s a Debenture 6%s 61 65 1940 I D 7,000 AS f deb g6s 57 M 59 .-.1948 MN, 10,000 General Motors Acceptance Corp— 106 M Sale 1946 83,000 H 10-year debenture 3s 15-year debenture 3 %s 106% Sale 1951 105,000 64 Sale 157,000 Gen Steel Castings 1st 5%s w w.1949 lAGa & Ala 1st cons 5s 15 M Oct. 1945 17 i*AGeorgia Caro & Nor 6s 1934 15M 21M AGood Hope Steel & Iron sec 7s .1945 42 45 1,000 196,000 If Goodrich (B F) Co conv deb 6slst mtge 4Ms 324,000 14,000 Gotham Silk Hosiery deb 5s w w. Gouv & Oswegatchie 1st 5s Grand R & I ex 1st gu g 4M8—l__ Grays Point Term 1st gu g 5s. 40,000 Gt Cons El Pow (Japan) 7s 28,000 1st & gen s fg6%s Sale 38 17% % 1949 7 1,000 Gas & Elec (Bergen Co) 5s 100,000 Gen Amer Investors deb 5s ser A 1952 F Sale 16M 16M 15 M 10M 10% 64% 99 40 J 8 Sale Sale 55 9% 9% MN J 20106 M July 31 12 M July 19 110M July 102 44 M 18 M 88 94 D M S "8" 42 38 41 85 50 F M S 15M 23 J M S 102 21% 42 M 94 103 7 6 107 M July 108 108M Sale 106 H 107 % 106 % 107 M 106 % July 50 60 64 Vs 50 50 95 M 95 M 50 102 102 40 1956 -1942 1942 1942 1942 5s International series First lien s f 5s stamped 1st lien s f 6s stamped 34,000 30-year deb 6s series B 1954 24,000 443,000 Firestone Tire & Rubber 3%s__1948 t AFla Cent & Peninsular 5s 1943 1959 76,660 JFla East Coast 1st 4%s Alst & ref 5s series A 1974 265,000 ACertificates of deposit 45,000 *t AFonda Johns & Glov ref 4Ms 1952 Proof of claim filed by owner. * a (Amended) 1st cons 2-4s_._1982 Proof of claim filed by owner... 3,000 ACercificates of deposit 2,000 1941 2,0001 Fort St U D Co 1st g 4%s 14,000 Francisco Sugar coll trust 6s—_ld56 106 M 87 M 89 150 M 148 102 7s—1954 "~6~, 000 83 106M 107M 105 M July Sale 12 Sale 12 14 M July Sale 109M July 110M 110 43 M Sale o ARef & impt gold 5s ser 1927-1967 MN ARef & impt 5s series 1930—1975 a o AErie & Jersey 1st s f 6s 1955 J J J AGenesee Riv RR 1st s f 6s—1957 J ~ Ernesto Breda Co 1st mtge 24,000 Fairbanks Morse deb 4s 14,000 Federal Lt & Tr 1st s f 5s 106 M 75 95 M 109 % "2lMJul"y'25 July July 107 J 1965 a 59 99 % 106 1962 5s_ 1937 Eastern Tenn Va & Ga 1,000 149,000 338,000 34,000 17,000 22,000 608,000 591,000 13,000 6,000 a A . 86,000 Ry 3%s__ 3,000 t* aDui So Shore & Atlantic g 121,000 Duquesne Light 1st M 3%s 10,000 16,000 3,000 76,000 4,000 F July 81 July 80 M July 95 July 85 M July 72M July 5 6 July 18 July 28 July 31 July 28 July 25 July 28 July 31 July 28 60 7M 5% July 5 7 July 18 103 73 7§ 85 104 70 M 85 75 97 83 Sale July 73% July 94 M 95 M 95% Sale 94% July 87 81 July 28 July 31 73% Jan. 62 June 29 88 May 85 10 96% July 26 Apr. 74% May 74 May 88 Apr. 78% Apr. 66 Apr. 53 Apr. 5% Apr. 103 Apr. 73 May 19 121% July 73% July 17 11 39% July 27 25 28 ilH Jan. 67 Jan. 25% Apr. 5 4 87 83 91 May May 117% Apr. Mar. 11 103% Apr. June 92 1^ Mar. 14 Mar. 10 103% Mar. 11 Mar. 10 94 Mar. 10 Apr. 11 Jan. 38 42 120M 121M 120M 121M 120% July 69 M 71% 72 July 72% 72 39 Sale 31 32 32% July 94 81 69 80% Feb. 25 78 Feb. 20 107% July 18 101% Mar. 11 102%6 July 85 83 7 July 28 July f 31 Mar. 21 96% Mar. 10 4 40 June 27 122% June 23 77% June 9 39% July 28 AUG., 1939] N. Y. STOCK Sales in BONDS n. y. stock exchange Hudson s f 5s series A._ 1962 J a Adjust income 5s Telep 3 Ms D 1949 MiV County Gas 1st 5s Hudson & Manhat 1st & ref 5s A 1957 F Illinois Bell A Feb 1957 ser Extended 1st g 334s1st gold 3s sterling,. Collateral trust gold 4s Refunding 4s 28,000 420,000 3,000 2,000 24,000 1955 MN Purchased lines 1st 334s Coll trust gold 4s 174",000 1951 1951 1951 1951 M S 1952 A O 1952 J Ask 1966 F 1950 1951 1953 J Litchfield Div 1st g 3s_ Louisv Div & Tor g 3 34s Omaha Div 1st gs3s St Lou Div & Term g 3s Gold 334s A J 128 48 Sale" 1334 Sale m* 87 Sale Sale Sale 83 89 Sale 58 Sale "50" 49 Sale 59 88 60 52 "4754. 5334 5334 Sale 49 "5034 Sale 53 Sale 60 54 Sale 43 Sale 4734 Sale 63 Sale 8054 "60" Sale Prices Sale Prices 5 35 July 18 17 18 25 21 21 13 5334 July 5434 July 24 24 128 50 July July July 1434 July 11134 July 9234 July 87 51 50 July July 3 3 2834 Mar. 18 124 Jan. 43 Jan. 115 Jan. 110 July 87 Jan. 30 17 63 62 Jan. 52 Jan. Sale 104 4734 July 53 July 43 July 77 July 66 July 6434 July 10 1 1 11 17 12 5234 July 24 60 July 22 4934 July 17 39 July 11 77 July 6434 July 17 12 63 Jan. 13 63 J an. 3 65 8 4634 May 8 8 77 a a D D 73 85 63 63 60 Feb. 15 63 Mar. 70 70 60 June 9 61 Mar. 21 5934 5334 10434 Sale 5534 Sale 47 6934 10 M S 15 J F A J J 63 A O 3734 5934 60 34 Sale 93 91 10734 10834 Sale O 55 754 94 10834 5734 5134 Sale 47 Sale 102"m Sale 90 89 41 100 70 55 12 9 Sale Sale 58 4634 May 47 July 4234 July 10221as July 39 July 1 53 July 22 5 4734 July 22 29 10334 July 10 27 39 July 27 99 1134 10434 9734 Sale 10634 Sale Sale 6134 3134 Sale Sale 5654 5434 58 60 62 58 59 Sale 79 80 8034 Sale 43 Apr. 11 6034 4054 Apr. 29 5634 1022i82July 29 105 32 Jan. 25 4134 95 70 64 Sale 66 52 32 58 59 A Sale 4134 43 10334 Sale 10434 9934 J M S 90 41 J 20 Sale A O 334 1934 Sale J 75 O J 1947 J 1955 M S 5434 Sale 9934 Sale 9434 Sale 1972 MN 82 1947 F 1952 J 1955 F Kanawha & Mich 1st gu g 4s 1990 A 1936 A t* aK C Ft S & M ref g 4s a Ctfs Ctfs 6934 Sale 334 al* 52 34 Sale 96 9534 39,000 107,000 27,000 42,000 42,000 144,000 51,000 27,000 O 78 O 3534 Sale July 13 July 13 94 July 1 98 July 31 10834 July 1 65 July 18 12 104 10634 July 58 July July July 5734 July 5634 July 79 July 58 6 31 28 62 1 17 8534 2454 2534 & 26 26 M S 27 Apr. 43 Feb. 5 19 18 50 Mar. 61 July 19 51 June Aor. 68 6 66 Mar. 8134 July 25 79 May 8934 Jan. 13 J J "9234 J 4 11 100 3 9454 Jan. '8334 June 12 100 5854 Mar. 10 9634 Jan. 11 Feb. 8534 July June 3634 Jan. 4 June 35 Jan. 3 22 5 1 21 28 11 July 6954 July 7034 July 109 July 105 July 2834 July 65 July 14 17 Sale 14 10034 July 10834 July 108 9934 July 10734 July 7234 Mar. 19 Apr. 56 Apr. 10634 July 10334 Mar. 2734 July May July July 8 19 7934 July 8 72 Jan. 109 107 36 il* Jan. 25 20 Mar. 27 9334 Apr. 106 May J 50 92 81 95 81 10034 July 8 10834 May 31 163 165 167 _ A O F A J J "98"" J J 103 J D 8034" 9834 Sale 96 98 34 Sale MN 10034 J J 102 F A 10034 103 Sale M S 1334 8034 Sale Sale 167 "86*34 15434 10634 10554 107 107 34 10734 99 9834 10234 103 34 10234 Sale 104 10434 10534 10334 104 10534 7934 July 8 170 July 8634 8634 July Sale 10554 July 10934 10734 July 170 July 8634 July 10534 July 107 54 July 16t3 79 Feb. Jan. 30 98 Jan. 10 103 95 104 July 10534 July 10554 July July 25 8834 Apr. 11 10 10554 June 24 Jan. 3 10834 May 23 Mar. 29 98 May 23 25 99 Apr. 29 104 July 25 27, 10234 Jan. 17 10534 May 16 31' 100 Jan. 10 10554 July 31 I 1154 1234 83 89 A 45 A 46 Sale 534 8734 Sale 87 Sale 5534 8834 Sale 454 July 8534 July 85 July 55 Sale 54 54 Sale 43 Sale 4534 44 5434 4634 44 48 ----- 12 July 8834 July 8834 July 5734 July 57 July 4934 July 50 Ju,y July July 3 10 8 454 July 7934 Jan. July 20 21 90 Jan. 3 12 58 54 Mar. 5834 M ir. 85 10 45 10 4554 Jan. 17 42 17 41 23 1334 J?n9134 M?r. 1942 F 1942 F A 45 4234 A 41 46 43 13,000 5s 1937 extended at 3% to 1947 J 2,000 2d gold 5s .1941 J 27,000 Lake Shore & Mich Sou g334s--1997 J J 45 75 71 6234 88 8834 74 34 68 62 8634 8634 Sale 7234 July 6634 July 8534 July 19 10 5 7454 July 6634 July 8734 July 26 10 18 63 8534 84 Apr. 25 2534 2634 2634 Sale 5634 Sale 89 35 2554 July 55 July 5634 July 88 July 3034 July 6 2734 July 5734 July 5634 July 25 22 31 20 3 2134 Apr. 20 2734 5134 Apr. 21 64 52 Apr. 12 6454 8434 Jan. 4 .91 3034 July 3 39 27 July 2634 July 2834 July 28 31 27 24 21 26 26 6 31 28 26 19 28 19 5 29 5 10 20 Sale 24 26 5434 June 54 4234 July 4554 July J D 87 7334 77 88 67 Lautaro Nitrate Co Ltd— 1975 1954 1954 1965 1945 1944 1954 1954 1964 1964 1974 1974 For footnotes, see page 30. J J J A O M 5 25 34 54 53 34 8434 3134 Sale 5534 5 4 34 Sale 3334 55 58 56 5134 8734 60 30 92 5634 8834 3034 8834 35 F A F A 34 A F Sale' 2654 2934 26 54 23 36 2254 2734 22 54 23 34 F A 2434 27 "5334 2254 23 24 J 7454 3834 "50"" 3834 37 54 38 1954 F A 40 1940 J J 1940 J J 2003 MN 49 19 Sale 2003 MN 1934 1934 Sale Sale li" Sale 14 1734 1734 2034 2034 54 34 54 34 57 2003 MN 2003 MN Sale 58 4634 2003 MN 2003 MN 22 34 2234 O 66 1941 A O 75 A O F A A O J D Sale 112 129 34 Sale 12734 109 ~ Sale" 1534 A J D F A O 98 34 53 Sale A Sale July 130 34 95 34 10834 102 5534 61 6 89 3 3034 July 6 2834 2734 2834 2534 2934 34 July 10 26 July July July July July July July July July July July July July July 26 38 25 3754 14 50 12 5234 51 5234 51 52 45 1654 1454 Sale 1834 1534 1534 1634 18 16 Sale Sale 60 18 1734 5434 5434 11734 17 14 65 1534 1434 17 54 1734 5534 60 56 1934 1934 14 July 24 5234 Sale 7 26 37 34 Sale 17 27 38 118 129 Sale 12854 July 129 130 129 Sale July 96 34 9134 9634 95 July Sale 10834 10854 10854 July 12834 Sale 109 '6054 "64"' 50 it* 43 25 4154 46 34 11734 MiV F Sale 2834 2954 45 44 50 A 1965 A O 4434 17 31 July June Apr. 11 8 May 51 Jan. 26 75 Mar. 15 May 16 67 Mar. 13 90 Jan. 5 July 25 Mar. 5034 Mar. Mar. 10 Mar. 11 Mar. 31 Mar. 4 36 23 2234 1943 47,000 Liggett & Myers Tobacco 7s....1944 5s_ -.--1951 65,000 -.1952 11,000 Lion Oil Ref conv deb 434s 22,000 Liquid Carbonic 4s conv debs—1947 Little Miami gen 4s series A 1962 231", 000 Loew's Inc s f deb 3 34s 1946 1952 16,000 Lombard Elec 7s series A 78,000 Lone Star Gas 334s debs.. 1953 1,000 a Long Dock Co 3 54s ext to 1950 — J J 1941 8 14 170 10 31 101 Sale 10254 July 10534 10434 July Sale 103 34 July 7934 July Lake Erie & Western RR— — Feb. 95 re 86,000 a 1st mtge ncome reg.Dec 31 26,000 Lehigh Coal & Nav434sser A 1,000 Cons sink und 434s ser C 17,000 Lehigh & New Eng RR 4s A 1,000 Lehigh & N Y 1st gu g 4s. Lehigh Valley Coal— a5s stamped 14,000 a 1st & refunding 5s 39,000 a5s stamped a 1st & refunding 5s 5,000 20,000 a5s stamped AFirst & ref sinking fund 5s 4,000 31,000 a5s stamped ASec 6 % nota > extend to 1943 7,000 6,000 a6s stamped 50,000 Leh Vail Harbor Term 1st 5s 18,000 Leh V (N Y) 1st gu g 434s 17,000 434s a sented 51,000 a Leh Vai (Pa) gen con g 4s A4s ass ented 218,000 a Gen cons 4 34s 18,000 a 4 34s assented 151,000 a Gen consol 5s 3,000 a 5s assented 20,000 6,000 Leh Vail Ter Ry 1st gu g 5s 5s assented.. 11,000 23,000 Lex & East 1st gu 5s__.,. 4 7 18 Jan. 13 Jan. 19 Feb. 3 Mar. 6 Jan. 92 95 Coll & „ 22 90 O Collateral trust 6s series B 16 Jan. 83 1942 4 1953 F 1960 F Coll tr 6s series A 8 154 July Apr. 9034 Apr. 46 4334 4234 3,000 June 7154 Mar. 10 7534 Mar. 13 24 60 ex ser 9 Mar. 10 79 90 Ref & g 4 23 60 O D Jan. 26 90 1939 A 534s Jan. 8734 Jan. 6034 Jan. 8534 July 2754 July 60 82 ALaclede Gas Lt ref ext 5s mtge 5s '5 J4s series C 20 20 Apr. 56 27 7934 3 3 5 1 17 "9234 "75"" 18 103 34 June 26 4 2034 Jan. Jan. 4 4 9934 Apr. 9 Apr. 154 June 954 June 854 June 7234 Jan. 4834 Apr. 93 Apr. 82 34 Apr. 7634 Apr. 8854 Jan. 53 Apr. 16 J 3 Feb. 18 Mar. 3 25 68 9 18 Feb. July 20 100 70 July 7 16 9954 100 10734 10934 July July July July July July "1634 "95"" 98 May Apr. 5034 June 5034 June July 37 8734 10534 5 23 Sale 20 9 June 25 22 Sale Jan. 7034 Mar. 30 12 July 13 8534 July 3634 Sale 5 90 36 Sale 71 10834 10434 9 9 Jan. 29 6734 6834 6934 6734 6734 Sale 7034 Sale 6734 108 34 Sale 10634 Sale 10634 10434 105 10434 Sale 10434 2834 2834 3634 2734 Sale Mar. Mar. 10434 Mar. Mar. 90 4 27 1961 J _ Col & ref 90 Sale 99 Mar. 3934 July 62 July n» 23 27 106 10134 103 10234 103 34 10234 July 14 103 34 July 1034 1134 1254 Sale 3 1034 July 13 34 July 2 Sale 234 Sale 2 2 July 254 July 9 11 10 10* 1034 July 24 1034 July 10 10 834 1034 July 22 1034 July 84 85 Sale 83 3 July 8634 July Sale 52 1 5634 Sale July 5634 July 97 99 9834 3 9734 July 99 54 July 88 89 9034 9154 3 8834 July 9154 July 82 80 80 6 8034 8234 July 82 34 July Sale 96 Sale 1 9254 July 96 July 59 6234 Sale 3 5834 July 64 July 62 34 6134 6 6634 Sale 6234 July 68 July 2 154 234 154 July 10 234 July 40 47 34 49 4534 4754 July 15 49 July Sale 94 Sale 9234 7 9434 July 9134 July 17 w w ww 434s unguaranteed. 1961 Kings Co Elec Lt & Pow 6s 1997 Kings Co Elevated 1st g 4s 1949 Kings Co Lighting 1st ref 5s 1954 1st & ref 6 34s 1954 Kinney (G R) 534s extended to. 1941 Koppers Co 4s series A 1951 Kresge Foundation coll trust 4s. 1945 3 34s collateral trust notes 1947 t Kreuger & Toll class A— a 5s Uniform ctfs of deposit..1959 * 90 Sale Feb. 6434 June 22 8 Apr. 5 12 23 25 1950 AO J April 1950 J Plain 195", 000 Sale 67 35 stpd (par $645) 1943 stpd (par $925). —1943 a With warrants (par $925) 1943 116",000 Keith Corp (B F) 1st ser g 6s 1946 4,000 Kentucky Central lstgu4s 1987 Kentucky & Ind Term 1st 434S--1961 "V.666 Stamped 1961 1,000 1,000 1,000 5,000 9134 J Kan City Term 1st 4s._ J 1960 J Kansas Gas & El 1st mtge 4 34s. -1980 J D a Karstadt (R) Inc 1st Mtge 6s. 1943 MiV a 85 A Ctfs of dep (Bankers Trust) Kan City South lstg3s._ 7*666 Sale A a ' Sale J 19,000 jAlowa Central Ry 1st & ref 4s_.1951 M S 9,000 James Franklin & Cleart 1st 4s. .1959 J D 82,000 Jones & Laughlin St'l 1st M 434s 1961 M S Ref & Imp 5s Sale O 1941 A Reminding 6s series A Rys of Cent Amer 1st 5s B First lien & ref 6 J4s 1293,000 Internat T & T deb g 434s 1326,000 Deb gold 5s 4,000 47,000 29,000 65,000 179,000 176,000 64,000 4,000 10234 J 1956 1956 J 1944 A Int 4 Jan. 65 96 I Intern Paper conv 5s series A 9 71 5634 Mar. 9 8334 Feb. 4 66 July 17 90 63 1942 MN 1st mtge gold 5s series B 1st gold 5s series C 6034 Mar. 65 1940 A O 1948 F A Internat Hydro El deb 6s Int Merc Marine lsts f 6s Mar. "6534 4534 58 1963 Stamped extended to 8 5 13 28 18 11 26 Apr. 8 July 11 6434 5234 "45"" 7534 90 ~76~" 1963 Ja Internat Gt Nor 1st 6s A 1952 a Adj mtge 6s series A.July 1 1952 26 11254 Jan. 18 3 9234 July 21 June 30 87 8354 Jan. Int Agri Corp 1st & coll ctf 5s— 18,000 56,000 77,000 3,000 2,000 273,000 40,000 104,000 200,000 35,000 38,000 5 3633 Jan. 13 12834 June 14 13 5134 Mar. 9 24 1554 Mar. 11 4634 Apr. 47 Apr. 4234 May 4434 Apr. 52 Apr. 46 6834 Sale 84 Highest Sale Prices 75 "50"" 46 5434 Lowest Sale Prices 9034 July 87 July 88 "75" 75 60 Highest 3334 Sale 3254 July 12934 12734 July 4934 Sale 4734 July 1434 Sale 13 34 July 11034 Sale 110 July 92 9034 86 Ask Lowest 128 86 1951 1951 Ind Bloomington & W 1st 4s 1946 Indiana 111 & Iowa 1st gold 4s__1950 1,000 X Alndianapol & Louisv 1st gu 4s_1956 Indianapolis Union Ry— Ref & impt mtge 3 Ms ser B —1986 204,000 Industrial Rayon 434s_ 1948 73,000 Inland Steel 354s series D 1961 688,000 tlnterboro R T 1st & ref 5s 1966 44,000 Certificates of deposit 495,000 *AlO-year6% notes 1932 324,000 *a 10-year 7% notes 1932 50,000 a Certificates of deposit 78,000 Interlake Iron conv deb 4s 1947 111 83 J 1951 283,000 434 s series C 75,000 Illinois Steel deben 434s 2,000 Allseder Steel Corp 6s Sale July 31 Ask Bid Sale Sale ...1951 111 Cent & Chic St L & N O— 365,000 Joint 1st & ref 5s ser A 33 54 44 D 1951 F A Springf Div 1st g334s Western Lineslstg4s Bid 34 H Sale 10134 102 J 1953 MiV 1955 MiV Refunding 5s 40-year 454s. Cairo Bridge gold 4s July 1 1939 13 1970 B Illinois Central 1st g 4s 1st gold 3^s__..__ 65,000 218,000 RANGE SINCE JAN. 1 Jan. 3 g Si Bid Hudson Coal 1st 45 PRICES IN JULY Price July Value 156,000 3,000 248,000 239,000 79,000 7,000 4,000 EXCHANGE—BOlljDS 102 Sale 10234 103 5534 58 Sale 5534 Sale 10834 109 34 109 66 65 34 70 75 July July July July 5 14 14 15 24 24 51 1634 1534 1834 17 34 July July July July July July July July July July July July July July July July July July 20 57 July 24 11834 July 7 12 It* 56 1 12934 July Jan. 2834 July 28 May 1634 Jan. 30 June 30 June 28 24 34 June 1634 Jan. 2534 July 3134 June 26 July 4934 Mar. 23 22 June 30 Feb. 16 24 26 26 10 3734 July 38 June 22 40 56 Mar. 10 Jan. 4434 May 4534 May 1334 Apr. 13 Apr. 1334 Apr. 14 Apr. 16 Apr. May II* 112 June Jan. 127 Apr. 12734 Jan. 28 131 July 12 9554 July 26 11034 July 3 28 17 3 10354 July 1 \57 34 July 28 5 49 1 11134 July 66 6 July 10 6 104 95 July 107 Apr. 107 Apr. 9834 Jan. 62 Feb. Apr. Mar. 5234 July 52 Mar. 2134 Mar. 2134 Mar. 28 8 3 6 9 27 22 34 Mar. 14 22 Mar. 21 Feb. fsH 61 Mar. 13 Feb. 7 Mar. 15 11854 June 17 12934 .Tan. July 9954 May 11034 July 107 Apr. 10354 July 10 3 31 17 17 28 57 34 July 5 11134 July 10 68 May 26 131 N. Y. STOCK EXCHANGE-BONDS 26 8 "3 Sales in BONDS July Price .8 £ 1939 Bid 1949 1949 1949 1944 1951 145,000 Louisiana & Ark 1st 5s series A-.1969 19,000 Louisville Gas&Elec3%s_ ——-1966 6,000 Lou & Jeff Bridge gu g 4s 1945 1,000 Long Island unified 4s_ 38,000 Guar ref gold 4s 8,000 4s stamped 20,000 Lorillard (P) Co deb 7s 24,000 5s. PRICES IN JULY RANGE SINCE JAN. 1 Jan. 3 n. y. stock exchange Value Ask 1 80 9124 M S 81% Sale M S 81 90 M S A O 127% 12824 Sale P A 123 82 Sale J J 10824 M S 108 10524 M S 105 Bid Lowest July 31 July 1 Ask Bid 85% 87% Ask 88 Sale Prices 88 July 85% July 90 88 86 88 86% July 128% 128% 128% 12824 12824 July Sale 128 128 July 129% 128 84% 85% 83% July 84 82% 10824 July 108% 110% 109% Sale 109% 109 July 10824 82% 86 91% Sale Highest Lowest Sale Prices 28 88 88 88 88% 128% 12824 85% 109% 109% July July July July July July July July Highest Sale Prices 28 8124 Jan. 80% Jan. 80 Sale Prices 27 Jan. 127% Apr. 12254 Jan. 75% Apr. 108 Jan. 105% Jan. July 28 July 26 88% July 9 12924 Jan. 23 128% June 26 90% Mar. 9 110% May 26 109% July 28 88 88 Louisville & Nashville RR— 315,000 73,000 136,000 30,000 36,000 6,000 4,000 1,000 3,000 39,000 1,000 A Unified gold 4s 1st & ref 5s series B 1st & ref 4%s series C 1st & ref 4s ser D 1st & ref 3%s series E Paducah & Mem Div 4s St Louis Div 2d gold 3s Mob & Montg 1st g 4%s South Ry joint Monon4s Atl Knox & Cin div g 4s Lower Austrian Hydro-El 6%s 1940 2003 2003 2003 100 J Sale 9424 8924 8424 2003 A O Sale 79 A A A O Sale 9724 84% 98 A 86 8024 M S M «S 108 71 ~72'~ J J MN 10424 10524 P A 1946 F 1980 1945 1952 1955 1944 Sale 4,000 McCrory Stores Corp s f deb 5s_-1951MN 106 70 Sale 42,000 Maine Central RR 4s series A 1945 J D 40 46 32,000 Gen mtge 4%s series A 1960 J D 40,000 Manati Sugar 4s s f Feb 1 1957 M N ,27% Sale 3124 Sale 1,917,000 X a Manhattan Ry (N Y) con g 4sl990 A O 202,000 a Certificates of deposit 2924 25 299,000 a 2s 4s_ 2013 J D Manila El Ry & Lt 1st 5s 81 1953 M S "87"" 13,000 Manila RR South Lines 1st 4s 1959 MN lAMan G B & NW 1st gu 3%s--1941 J 20 J 79 90 7,000 Marion Steam Shovel s f g 6s 1947 A O 65 13,000 Market Street Ry 1st 7s Apr 1940 Q J 51% 43,000 Mead Corp 6s with warrants 1945 MN 10324 104 iV4 47,000 Metropolitan Edison 4%s ser D.1968 12,000 Met Water, Sewer & Drain 5%s_1950 7,000 *t AMet West Side Elev (Chic) 4s 1938 a Mex Internat 1st 4s asstd 1977 a 4s (Sept 1914 coupon on)—1977 Miag Mill Mach 1st s f g 7s.-.1956 Michigan Central-Detroit & Bay City Air Line 4s 1940 Jack L & S gold 3%s 1951 1st gold 3%s 1952 Ref & Imp 4^s series C 1979 Michigan Consol Gas 1st M 4s__l963 X1 Midland of N J 1st ext 5s 1940 J Milwaukee & Northern RR— * a 1st ext 4%s 1939 * a Con ext 4%s__ 1939 a Mil Spar & N W 1st gu 4s 1947 iMilw & State Line 1st gu 3 Ms 1941 a 30,000 214,000 10,000 2,000 18,000 86,666 iMinn & St Louis 5s ctfs a 1st & refund gold 4s M S A O F A 10924 110% 99% 104 6 1124 M S M S J D J J 28 M S J 9024 7024 J D 1424 40 D 26 M S 11,000 31,000 1,000 6,000 Alst cons 1934 MIV ♦Alst cons a a a 5s 1938 J 1938 1946 J 25-year g 5%s 1st ref 5%s series B 1949 M- S 185",666 5,000 a 1st & ref 5s series I a Montgomery Div 1st 1938 g a J Assent warr & rets 74 July 52 July 104% July 13 8 6 107% 109% 109% 110% 108% July 98 98 July 100% 8 9 9 824 July % 1% % 10924 July 98% July 8% July 24 13 27 99% July 31 Sale 8 14 11% 81 70 72 50 104 53 52 54% 104% 104% 93 95 MN MN A 16 24 25 18 12 1224 10% 1% 1% Sale 2% 3 4% 7% Sale 1 % 3 2% 1% 62 Sale 33% Sale 20% Sale Sale 18 68 Sale 14 j~j "65"" F 1924 Sale A M S it* M 5 M S MN 5024 10224 10824 100% 96% 96 24 7224 Sale 7 . Sale 15% Sale 14 14 15% 15% 1324 2% 22 14% Sale 1324 14% 15% 1324 Sale 67 70 16% 14 224 15% 14 2% 18 2000 1955 MIV 1955 MIV 1968 J D 1947 MIV 1941 MN F 5224 5024 45% 105% 114% - —- A 70% J J J D 31% 101% MN 2 3 6% 4 6% 2% 1% 6724 63 27% 3 11 5 7 21 22 17 31 5 10 31 18 15 19 33% 2224 19% 2Q% 9% July July July July 18 18 1 18 2% 3 7% 4% 7% 2% 124 69 75 1 15% Sale 14 68 99 Apr. 26% Apr. 24% Apr. 17% Apr. Feb. 2 July 26 9 May 3 26 24 26 July July July 82% Mar. 30 1 Jan. July 83% Feb. 72 May 20 87 Jan. 25 39 Feb. 54% Jan. 4 101% Apr. 23 8 104% Mar. 22 108% July 6 11124 June 15 Mar. 10 95 Apr. 20 102 7 Jan. 4 8% Feb. 7 % Feb. 17 24 Mar. 31 May 19 89% Jan. 4 30 May 19 99% July 23 Sale 2724 4424 28 Sale 31% Sale 47 Sale 106 75 Mar 31 19 8 6 5 23 9 76% Mar. 15 100% June 28 102% July 31 42 20 8% 28% 4% 1% 24 524 14% Jan. 32 1724 Jan. Apr. Apr. Apr Mar. _ 4 June 14 June 2 Jan. 27 May 2 6 Feb. 3 Jan. 854 June 6% Jan. 9 Jan. 1% Junh 30 1% July 15 64% Apr. 11 4 Jan. Jan. 24 27% July 27 19% May 17 17 July 11 5 2 July 21 3% Feb. 17 9 45 3 Mar. 18 Jan. 5 50 July July 2% Jan. 69 75 19 1 4 3 6 4 June 12 July 51% Jan. 19 5 37% Jan. 32% Jan. 5 6 18% July 5 6% June 30 34 Jan. 5 17% Jan. 5 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4 Jan. Jan. 3 June 3 12% Apr. 1254 Apr. Jan. 69 18 17 27 15 23 31 42 % 7 102% May Apr. Apr. July Jan. 1724 July 14 July ----- 73 97 65 1424 July 13% July 110 July 109% July 100% July 99% July 72 July Sale 8 Mar. 21% 20% 6% 21% 20% 21% 19% 4% 21% 20% 21% 20% 69% 109% Sale 109% 110% 109% July 105% 106% 108 108% 106% July 100 Sale 100% Sale 99% July 99 Sale 98% 99% 98% July 70 75 75 72 July Sale 23 13 Sale --- Sale Mar. 12% Apr. 15 Apr. 3 Apr. 8 12% Apr. 8 12% May 17 12% Apr. 11 1224 May 24 2 Apr. 8 12% Apr. 17% July 16% July 424 July 17% July 1624 July 17% July 16% July 2% July 17% July 106 58 Sale Sale Sale June 17% 19% 107 Apr. 100% Jan. 96% Jan. 93% Anr. 70 May 67% Jan. 73 — MN 75 Sale 44 Sale 38% July 39 Sale 3924 3624 July 35 33% Sale 37% 33% July 109% Sale 109% Sale 108% July 116% 116% 116% July 100 99% 99% July 95% 57 50 41% 35 102 50 105% 105 Sale 105% Sale 67 40 42 ----- 6 5 3 11 3 14 4 4 4 6 July 18 29% Mar. 4 34 Jan. 3 55 Mar. 9 106% May 27 10 110% May 3 109% July 26 101% June 99% July 26 72% Jan. 31 30 67% Jan. 24 26 7 13 3 30 Sale % Sale" 24 % 24 4s April 1914 coupon on 1951 A 4s April 1914 coupon off 1951 A a Assent warr & rets No 4 onl951 A 1,000 1965 A 537,000 National Steel 1st M 3s O % % Newark Consol Gas 5s cons 5s 1% O Sale O 1954 MN 108 Sale 105 July 104% Sale 103% July 101 10424 105% July 25 56% Jan. 9 54 Mar. 10 49 Mar. 11 13 13 1 10824 July 8 104% July July 28 106 29 14 7 54 July 72% June 13 67% July 29% Jan. 46 102 Feb. 5 Mar. Feb. 2 16 10854 July 29 104% July 14 106 Apr. 10 102% Apr. 103% July 104% Jan. % Jan. Sale % 11 24 30 % Jan. 12 % Jan. 1 June 12 2 % May 22 % May 22 % June 19 124 % July % July 6 1 10324 July 6 31 27 12554 July 27 5 5 1% Mar. 10 % J an. 5 1% Jan. 54 July % 1% 70 65 125"" D J 27 Sale 20 1945 J J 25% Sale 21 122% % July 4 % May 15 26 ---. 1948 J For footnotes, see page 30. 68 July 42% July 102 July % 1% % 1% % % 24 % % July 10124 Sale 10324 Sale 10124 July guarl945 J Cons guar 4s 14 31 102 % 1% O Xa NaugatuckRRlstg4s July 1 11 104% Jan. 27 110% June 13 114 Apr. 10 116% July 20 Mar. 27 97 May 4 100 % % % a 67% July 40 36% July 33% June 30 % 24 % a July 39% July 37% July 109% July 116% July 100 July ----- 74% 38 % July 45 35 Sale" No 4 onl957 1- 38% 104 0 25 20 14 July July July July July July July July July July July Sale Sale M S ♦a Assent warr & rets No 4 on.1926 A a 9 July 29% July 33 July 47 July 12 7 106 July 80 1955 4s April 1914 coupon on 1977 48 April 1914 coupon off 1977 a Assent warr & rets No 5 on 1977 Nat RR of Mex prior lien 424s— t a New England RR July 7 July 25 July 17 July 10 July 20 July 8 July 31 July 15 July 25 July U July 27 31 — 20 22 79 a "2,000 6 1424 July 16% July 3% July 14 July 15% July 14 July 16% July 2 July 14% July 17 Sale 4 a 6,000 20 July 20 July 12% July July 24 July 26 July 42% July 105% July Sale 18 75 924 Apr. 28 19% July 17 July 18% July 724 July 14 Sale 14% 25% 26% 43 20% Sale 17% Sale 18% Sale 8% Sale 1324 Sale 22 20 5 15% 1424 1324 3% 2124 2024 21% 20 24 62 24 a! 72 30 Sale Sale Sale" 31 102% July July July July 11 69 64% Sale 20% Sale 6% Sale July 42 8% Sale 2 224 124 2% 7% Sale 4% 424 7 724 2% Sale 124 1% 64% 68 624 6% 101 Sale 12% 73 7 9 Sale" 5 5 Feb. 51% 33% 64% 61% 36% 9024 Jan. 3 72% Feb. 27 75 25 73 66% 4 O, 102% 11 ----- 21 72 65 72 Sale -ale 21% 2024 21% 2024 107 Jan. 79 9 Mar. 14 107% July 10 24% Mar. 9 39% Jan. 30 99% July 95 93 21 MN 6 29 31 88 88 40 22 Sale 99% Sale 99% Sale 6 July m* 77 105% Mar. 67 Mar. Apr. Apr. 88 May Apr. Apr. 81 79 30 9824 13 2024 5 — 31 A 3 101 July Mar. 10 14 70 32 3024 16% Sale M S 24 50 99 80 6 99% 93 24 89% 85% 1955 10,000 Nashville Chat & St L 1st 4s A__1978 116,000 Nassau Elec guar gold 4s stpd 1951 National Acme 4%s extended--.1946 259",660 National Dairy Prod deb 3 24s w w '51 179,000 Nat Distillers Products 3%s 1949 1950 17,000 Nat Gypsum 4%s s f debs National Rys of Mexico— a 4%s Jan 1914 coupon on.1957 a 424s July 1914 coupon on_1957 a 424s July 1914 coupon off. 1957 a 72 July 51 July 103% July 89 70 3624 F 65 22 Mar. 11 101 Feb. 104 31 19 95 58 4% 110 July 40 67 11 3% 10 107 75 17 99 Apr. 91 Apr. 84% Anr. 80 May 74 May 97% Jan. 82% Jan. 80 36 30 89 40 33 106% July 71 July 46 July 2824 July 54 July 51% July 32% July 100%6 July 99% July 92 July 84% July 82% July 100% July 87 July 111 July 72 July 107% July 23% July 17 28 24 13 26 24 26 Sale Sale 3 10024 July 94 24 July 18 3 87% July 83 July 13 7924 July 17 100 July 19 87 July 10 111 ' July 14 72 July 17 6 106% July 23% July 21 July July July 29% July 64% July 61 July 36 July 68 1955 103,000 Morris & Essex 1st gu 3%s Constr M 5s ser A 121,000 Constr M 4%s ser B_ 3,07,000 132,000 Mountain States T & T 3%s 8,000 Mutual Fuel Gas 1st gu 5s 5,000 Mutual Union Tel 5s 46,000 10624 107 106% 107 77 72 72% 65% 52 47 40% 29 29% Sale 27% 63% Sale 54% Sale 62 60 50% 52% 4924 9,000 Mont Tram 1st & fef 5s series A.1941 General & refunding 5s A_ 1,000 1955 Gen & ref 5s series B Gen & ref s f 4%s ser C Gen & ref sf 5s ser D —- 54 1981 F a Certificates of deposit ♦a Mo Pac 3d 7s ext at 4%-July JMobile & Ohio RR— 5s 1947 Refunding & Improv't 4%s_1977 ♦a Sec 5% notes 1938 7,000 Mohawk & Mai 1st gu g 4s 1991 4,000 Monongahela Ry 1st M 4s ser A.1960 Monongahela West Penn Pub Serv— 1st mtge 4%s 1960 91,000 6s debentures 1965 258,000 Montana Power 1st & ref 324s..1966 528,000 18,000 289,000 289,000 J 22% 50 80 3 8% 524 824 324 224 J 1978 22,000 150,000 t AMissouri-Illinois RR 5s ser A_. 1959 388,000 Mo Kan & Tex 1st g 4s 1990 Missouri-Kansas-Texas RR— Prior lien 5s series A __1962 309,000 40-year 4s series B 1962 118,000 Pr lien mtge 4 % s ser D 28,000 .1978 ACum adjust 5s series A Jan 1967 197,000 J AMissouri Pacific RR Co— Alst & refund 5s series A 1965 113,000 a Certificates of 15,000 deposit AGeneral 4s 1975 152,000 a 1st & ref series F 1977 465,000 a Certificates of 9,000 deposit a 1st & ref g 5s ser G 1978 122,000 a Certificates of 1,000 deposit a Convertible 111,000 gold 5%s__ 1949 a 1st ref gold 5s series H 1980 135,000 a Certificates of deposit Sale 5424 2 J 5s grd as to int 1st & ref 6s series A 71 105 45 8* 3™ J 6,000 1949 M S a Ref & ext series 5s A 1962 Q F 4,000 J 32,000 j*aM St p & S S m 4s stpd guar-1938 J * 79% 99% 86% 110% 101 D J 82 100% 100%« Sale 99% Sale 96% 92 Sale 89 84 84% 89 82 84 80% 100% 100% 100% 87 84% 112 75 "79% 72 Sale 106% 107 22% 33 M S J !iM 35 9454 8724 MN 100 "24% 25 56 125% 20% 20 70 12524 July 101 % June 30 103% July 31 65 June 7 60 June 5 122% Feb. 23 20 28 20 Apr. Apr. 6 12554 July 2754 Jan. 11 27% Jan. 6 27 10 10 AUG., 1939] Sales in N. Y. STOCK go » BONDS July Value N. 7. STOCK EXCHANGE $ 29.000 New England T & T 30-yr 5s A.1952 11,000 1st g 4 He series B 1961 N J Junction RR gu 1st 4s 1986 ioY.ooo N J Pow & Light 1st 4%s 1960 77,000 New Orleans Great Nor 5s ser A.1983 19,000 N O & N'eastern ref 4%s ser A.1952 94,000 New OrleansP S 1st & ref 5s A. .1952 66,000 1st & ref 5s series B 1955 69,000 New Orleans Term 1st 4s guar1953 X9.0U0 1*aN O Tex & Mex income 5s__1935 65,000 iFirst 5s series B .1954 MN F AOertificates of deposit Alst mtge gold 5s series O A 1st 4%s series D Alst 5%s series A J 63 "66% 53 M Sale 103 M Sale 104 Sale J J A 31 35 1956 1956 F A 1954 A O g 1945 y~j 4%s Ask Ask "75 107 M 107% 71 70 55 106 RANGE SINCE JAN. 1 slle* no" Lowest 128 M July Sale 67 M 70 II* 29 30 33 36% 37 31% 37 M 30 34 30% 35M 28 32 30 32 31 35 35 31 36% 33 M 116" Sale 7 129M July 24 104 M July 67 July 28 108 3 75M 56 M 26 106M 28 106 19 69 29 33 July July 30M 30M 33 M 30M 34 M July 21 July July 25 July 11 July 32 32 34 M 32 36 M 32M Highest 1 Sale Prices Sale Prices 124M Jan. 4I128M June 12 123M Jan. 73 166" ' 104 M 68 M Lowest Highest Sale Prices Sale Prices 127 July 5 127 M July 106 M 106 M July 73 70 July 57 M 55% Sale 55 July Sale 104 M Sale 103 July 105% 106 45 33 108 M Bid 126M 127 M 127 % 128 128 M 128M ..... 32M 39 M July 31 35 A 67% 70 34 M Sale 35 37 M A Bid 90% 108% AOertificates of deposit Npt & Cin B gen gu Ask 124 H 125 M Sale 124 A A July 1 1939 A J PRICES IN JULY Price F — 7,000 3,000 14,000 36,000 13,000 D 21 Jan. 3 Bid J EXCHANGE-BONDS July July July July July July July July July July July July July June 5.129M July 24 6 73 106 M July 28 109 H 65 Jan. 75M 50 59 M Apr. 102 106 M Apr. 102 Apr. 106M 58 Apr. 74M 23 Apr. 34M 24M May 37 3ft June 24M Apr. Apr. 24M Apr. 23 Apr. 109M Feb. 24 110 12 June 6 Mar. 16 July 29 Mar. 10 June 10 Jan. 3 5 Jan. Jan. 35 24 29 10 39 M 10 34 M 20 110 im 9 June 23 Mar 9 Jan. 5 Jan. 4 Jan. 3 Jan. 16 May 15 New York Central RR— 269,000 149,000 844,000 613,000 184,000 Consol 4s series A 1998 F 67 M 10-year 3 %s secured s f Ref & impt 4%s series A Ref & impt 5s series O Conv secured 3 %s 1946 A 2013 A 2013 A 1952 AfN 77 M 59 M 70 Sale Sale 63% Sale 67% Sale 1997 83 M 104,000 N YC & H R gmtge 3%s 129,000 Debenture 4s of 1912 141,000 Ref & impt 4 Ms series A81,000 Lake Shore coll g 3 Ms 49,000 Mich Cent coll g 3Ms Sale 59 76 M 50 % 50 M 54 Sale 57 M 55 61M 77 Sale 71M Sale 80% Sale 59 M Sale 66% 75 64 % 66 1942 2013 1998 1998 54 M 75 45 M 71M 44% 56 M 61M Sale Sale Sale Sale Sale Sale Sale 83 Sale 79 84 M 45M 57 M 50 M Sale 51 51 Sale 54 3 July July 11 45 M July 1 50M July 55 M July 5 74 77 72 1 July July 1 3 45 M July 59 M July 3 60 M July 77 July 51M July 58M July 62 M July 21 26 25 25 25 83 76 72 44 60 July 1 Sale 54 July 6 61 July 18 Sale 43 H July 72 M July 1 52 July July July July July July July July July July 21 29 5 Sale 59 62 51 52 M Sale 59 43 51 72% Sale 79 20 50 M June 29 54 M June 30 48 M July 61 July July 31 84M July 31 13 28 62 July 21 60 54 June 29 71 Apr. 11 44 M June 30 May 19 3 July M June 30 58 June 30 58 June 73 82 62 69 M M M H 84 $4 Mar Mar Mar. Mar. 77 M Mar. 10 10 10 10 10 Mar. 9 85% Mar. 13 Mar. 10 & 70 19 Mar. 4 Mar. 13 New York Chicago & St Louis— Refunding 5 Ms series A 1974 Refunding 4Mb series C 1978 204,000 755,000 59,000 4s collateral trust 1946 73,000 1st mtge 3 Ms extended to 1947 37,000 3-year 6% notes 1941 88,000 N Y Connecting 1st gu 4Ms A..1953 5.000 1st gtd 5s series B_ 1953 57,000 N Y Dock 1st gold 4s ——1951 29,000 Convertible 5% notes 1947 100,000 N Y Edison 3 Ms series D 1965 46,000 1st lien & ref 3 Ms series E—1966 A O M S F A A O A 53 M 74 78 O — . 84 M 105 Sale 104 % 106 £ 54 49 59 53 107% 108 108 M Sale N Y & Erie—See Erie RR 21,000 N Y Gas El Lt Ht & Pow 5s—1948 J M 60 82 M 64 M 81M SIM 104M 105M 106 106 M 106 % 106 51 49M 51M Sale 83 M Sale 81M July 57 July Sale 104 M July 107 106 M July Sale 48 July 50 47 52 M 49 M July 109M 109% 109" Sale 109 July 109 M 109M 109M July 109 M Sale 1 5 12 w* 82 64 M 3 106 M 21 107 11 10 52 H 52 17 110 1 110M 31 21 26 19 18 11 10 47 M Apr. 8 71% 8 59 M 39 Apr. 65 Apr. 11 83% 77 M May 12 86% 50 72 M Apr. 11 Jan. 27 107 104 Jan. 6 107^ 106 48 July 11 59% 49 Apr. 10 58 107 M Jan. 27 110% Mar. 15 Mar. 10 Mar. 13 Mar. 20 Mar. 17 Mar. 25 June 15 Mar. 11 Mar 11 June 2 107 M Feb. 23 112% June 6 . 68,000 Purchase money coll tr g D 4s__l949 F A 7,000 aN Y & Greenwood Lake 5s—1946 MN 5,000 N Y & Harlem g 3Ms-—2000 MN 14,000 N Y Lack & Western 4s ser A—1973 AfN 19,000 125 M 116M H6M 14 M 97 50 Guar 4Ms series B 1973 MN AN Y L E & W Coal & RR SMs-1942 MN "3", 666 ADock & impt 1st 5s— 1943 J J 1,000 N Y & Long Branch gen 4s__—1941 M S t*ANY&NEng(Bost Term) 4sl939 A O t aN Y New Haven & Hartford— 7,000 ANon-conv debenture 4s 1947 M S 2,000 ANon-conv debenture 3 M8—1947 A O 10,000 ANon-conv debenture 3 Ms—1954 A O 39,000 ANon-conv debenture 4s _—1955 J J 13,000 ANon-conv debenture 4s —1956 MN 48,000 J AConvertible debenture 3 Ms. -1956 J 254,000 AConvertible debenture 6s 1948 J J 58,000 ACollateral trust 6s 1940 A O - _ - - _ 66 50 — 14 % \lH Sale Sale 325,000 405,000 199,000 862,000 21,000 141,000 108,000 For footnotes see page 15 10 M 12 12 M 19 11M 14 12 11M 11M Sale 13 14 Sale 21 12 21M 4M Sale _12% 14 Sale MN 55 Sale 50 Sale 49 50 Sale M S J 77 J 104 90 J J F A F A MN MN J J J D j"J M S A O 105 M 97 M 101M Sale 12% Sale 9 11 5M Sale 40 30 103 M 103 M 108 M Sale 68 63 67 M 75 3% Sale 110% 108 96 Sale 102 Sale A 17 Sale Sale MN 54 MN A O F 15 A O F F F 60 A A MS 1974 M S A O 115 106 42 M 35 M Sale j j j j F A J J J J M S M S J J J D J D F J D J J J J J J J J D J 70 108 Sale Sale 116% 113" 107 M 109 113% Sale 115M 116% 80 J D D 107 12 70 July July July July July July July July July July 49 July 5M July 3M July 14 11M July 6 11M July 27 11M July 6 12 July 18 12 July 18 12 July 27 14 M July 24 21M July 26 5M July 13 15 July 22 50 July 6M July 24 3M July 8 70 4 11 6! 11M 10M 11M 10 M 12 M 19M 4M 12 M 6 44 48 48 110M 110 July July 107 M July 8M July 104 Sale Sale 61M Sale Sale .Sale Apr. 19 119% July 12 Apr. 99M Jan. 48M Apr. 54 50 70 6 July 30 July 101"itJuly 111M July 86 July 90 July 2M July 111M July 109 July 101M July 103 "»t July 11M July 10 July May Feb. Jan. Mar. 13 10 13% Mar. 13 3 15% Jan. Apr. May May Apr. Apr. 8 Apr. 10% Apr. 11 16 Apr. 4% Apr. Apr. Apr. Apr. r p Feb. 25 16 Jan. 4 15% 15% 17% 27% 8% 17% 57% 9% Jan. Jan. 5 3 3 20 Jan. 4 June 5 62 May 44% May 77 54 Jan. Jan. Jan. 4 Feb. 6 Jan. 16 Jan. 9 Jan. 7 Mar. 16 109 Feb. Mar. 31 108% June 13 Jan. 18 105 June 9 27 27 3 101 Jan. 110% July 31 July 27 July 17 July 28 12% Jan. 9 Feb. 20 6 3 17 June 10 118% Jan. July 103% May 3 8% Mar. 23 Mar. 8 11 111% June 14 86 July 18 90 May 29 4 Jan. 5 111% June 5 109% Mar. 22 101% July 31 1051,,,Mar. 2 17% Jan. 4 15% Jan. 5 60 Jan. 10 124 June 8 107% Julyl 27 106% May 31 June 29 108% July 28 30 July 27 45 101%, July 27 103% Jan. i08% Jan. 18 12 7 31 13 31 5 28 13 Jan. 22 107% July 5n Apr. 10 2 6% May 8 4% July 3 Jan. 26 62 70% Jan. 25 8 2 Apr. 1 109 Apr. 108 Feb. 6 94 Apr. 10 100% Jan. 30 6 9 Apr. 8% Apr. 13 50 123% 107% 105% 108% 15 17% Jan. 19 102% July 11 63 Mar. 14 61 Jan. K16 58% Apr.f26 51 July 21 75% Jan. 9 11 93 6 26 104 105 7 1 112% Apr. 22 114% June 15 106 Mar. 24 107 Feb. 9 50 35 23 126% June 23 104 106 3A 110 39 45 50 Feb. 2 Jan. 27 Feb. 8 55% Mar. 17 50 48 33 40 70 M Sale 44 42] 45 M Sale 48 Sale Sale 58 M Sale 49 50 Sale 463 50 M 109M 109 M 109 M 100 6 48 M July 29 110M July 26 106 X 107 106 H July 7H 8M 6M July Sale 52; 11 28 106 M July 18 104 M July 41 46 July 21 July 12 July 106 M July 4M July 25 32 M 30 July 101»i*102M lOlht 102 M 101% July 110M 109 M 110M 109 M July 82 83 M 86 85 83 M July 86 88 89 88 88 July 2 H Sale 2M 2M 2M July Sale 109 M 110 111 110 July 108 108M 108 M 108 July 98 M Sale 98 M July 101M Sale 103 M 103 Me July 102% 9 10 M 10M "IlM 9M July 13 H 11 10 9M July 44 49 47 M 46 122 123 123 M Sale 122 July Sale 104 Sale 107 104 July 104 M Sale 105 M Sale 103M July 105 Sale 107 H 108 M 105 July 40 106M 106 % oaitj 106% Sale 101% Sale 104 51 j:a. r 34^| 28 65 M 6% 5M Sale J D ii 100 56 M 112 M 109 J 106M Sale 49 M 33 A MN 5M 106 M 106 M 106M 107 103 104 M 104M 105 45 4% 107 104 M 3 110 82 59% Sale 58% Sale 107 M Sale 105 6M 27 80 ~48M 52 M 35 " MN 65 44 106 M Sale 83 Sale 53 56 M Sale 68 Sale J J 6M 3M 107 38 ?i 6 3 5 July July — A 119 4M 50 11 12 A—1974 30. 15 12M Sale 1951 MN 5,000 X AOgden & Lake Ch 1st guar g 4sl948 18,000 a4s stamped -1948 12,000 Ohio Connecting Ry 1st 4s._—1943 159,000 Ohio Edison 1st mtge 4s— 1965 87,000 1st mtge 4s 1967 150,000 1st mtge 3 Ms 1972 45,000 Oklahoma Gas & Elec3Ms 1966 14,000 4s debentures. 1946 19,000 Ontario Power N F 1st 5s 1943 1945 4,000 Ontario Transmission 1st 5s 14,000 Oregon RR & Nav con g 4s 1946 14,000 Oregon Short Line 1st con g 5s__l946 72,000 1st guar cons 5s stamped 1946 233,000 Ore-Wash RR & Nav 1st & ref 4s 1961 147,000 Otis Steel 1st mtge 4Ms A; 1962 9,000 Pacific Coast Co 1st g 5s 1946 1964 200,000 Pacific Gas & El 4s series G 1st & ref mtge 3 Ms series H..1961 138,000 1st & ref mtge 3 Ms series I—1966 120,000 11 15 Sale 1958 J — 11M 15 11 D 51% 110M t ANorthern Ohio Ry 1st guar 5s Apr 1 1935 and sub coupons. .1945 AOct 1938 and sub coupons.__ 1945 AOertificates of dep stamped Apr *33 to Oct '34 coup 1945 April '33 to Oct '38 coup... 1945 Northern Pacific prior lien 4s. .1997 Gen & lien ry & Id gt 3s__Jan 2047 Ref & impt 4Ms series A 2047 Ref & impt 6s series B_ 2047 Ref & impt 5s series C 2047 Ref & impt 5s series D 2047 Northern States Power 3 Ms——1967 N'western Teleg 4Ms extended. 1944 12 11 J _ North Cent gen & ref 5s ser Gen & ref 4 Ms series A 10M Sale July 11 July 25 July 26 Jan. 94 MN aN Y Prov & Boston gen 4s—1942 A O f Y & Putnam 1st con guar 4s_ -1993 A O 10,000 N Y & Queens El Lt & Pr 3 Ms—1965 MN New York Railways Corp— 143,000 New York Steam Corp 3 Ms-—-1963 38.000 X* AN Y Susq & West 1st ref g 5s. 1937 * ASecond gold 4 Ms 1937 "7",666 AGeneral gold 5s 1940 4,000 ATcrminal 1st gold 5s 1943 101,000 N Y Tel 1st & gen s f 4 Ms 1939 49,000 Ref mtge 3 Ms series B 1967 29.000 NY Trap Rock 1st s fg 6s— —1946 33,000 6s stamped ----1946 105,000 t*AN Y Westches & Bos 1st 4Ms 1946 22,000 Niagara Falls Power 3Ms— 1966 26,000 Niag D>ck & Ont Pow 1st 5s A__l955 84,000 Niagara Share (Mo) deb 5Ms—l950 11,000 fNord Rys extl s f 6Ms — 1950 108,000 *X ANorfolk South 1st & ref 5s A-1961 5,000 AOertificates of deposit *1 ANorfolk & South 1st g 5s.__.1941 104,660 Norfolk & West Ry 1st con g 4s-1996 120,000 North Amer Co deb 3 Ms 1949 114,000 Debenture 3%s ---1954 85,000 Debenture 4s 1959 — 51 11 25 33 105 74M 94 Sale 5% 24,000 Prior lien 6s stamped 13,000 N Y & Rich Gas 1st 6s A 47 M 50% 10% 10M July 123 116 45 60 70 Sale 25 126 M July 18 119 M July 14 12 M July 17 12M 17 14 102 % 102 103M 101M July 21 102 % 54 58 50 July 6 55 56 68 55 M July 14 57 M 40 48 D "2",660 :::: 75 74M 14% 15% Sale _ 19,000 ADebenture 4s .-1957 235,000 Alst & ref 4Ms ser of 1927----1967 20,000 X AHarlem R & Pt Ches 1st 4s_1954 25,000 JaN Y Ont & West 1st g 4s 1992 1,000 AGeneral 4s 1995 12 101 95 47 M - _ 18% 99 M 68 M 125% 126 M 126 126M 126M July 118% 118M 118M 118M July 10 52 Sale Sale 66 July July 42M July 52 M July 45 M July 46 July 109M July 41 71% July 45% July 48 July 60% July 51 July 51% July 110% July 27 27 24 28 25 27 12 65% June 41 Apr. 41 May 50% May 42% May 42% May 107 Apr. Mar. 9 53% Mar. 13 60% Mar. 11 74% Mar. 11 65 Mar. 10 64 Mir. 10 110% May 29 85 100 14 M 7M July 8M 7M 7M July 7M 108 M July 110M 108 M 107 M 108 M 107 M Sale" 107 July 109 Sale 108 M July 108 M 109 108 M Sale 108 M 109 M 108M July 108M 108 M 109 M 108M July 104 M 107 104 M 105" 104 M July 112 112J18a.. July 112M 10 6 105 115 115 110M 116M 118M 106 % 74 M 55 1I7" 110M 115 110M 116M II7M 117M 117 118M 118M Sale 118 Sale Sale 107 M 78 M Sale Sale 56 60 52 112 112M 111M Sale 111 Sale 111M Sale 108 M Sale Sale 110 106 M 74 54 11.1 M 111 108M July July July July July July July July July July 10 29 8 20 4 5 105 Apr. 7 106 Jan. 21 106 Jan. 15 101% Jan. 27 107 July July July July July July 110 July 105% July 112"«July 115% July 111% July 118 July 118% July 107% July 78% July 56 July 112% July 112 July 108% 108% 109% 109% 110 July 6% May Jan. Jan. 8 103% Apr. 3 112 July 5 112% 107% 113% 116% 103% 64% Jan. 19 7 31 27 31 7 10 July 29 8% June 20 108% June 17 108% June 13 lf>9% June 2 109% July 15 110 Apr. 4 5 105% June U3% Mar. 11 116% Mar. 3 Jan. 111% June 26 Jan. 118 Jan. Jan. 12 Apr. Apr. 111% Apr. 10 109 28 105% Jan. 53 Jan. July 7 118% July 31 107% June 15 9 81% Jan. 60 Jan. 10 6 113% May 8 112% May 110 May 13 28 N. Y. STOCK EXCH VNGE—BONDS 60 Sales in BONDS July Value I N. y. STOCK 53 EXCHANGE "r* g.S 21,000 ♦^Pacific RR of Mo 1st ext 4s.-1938 4,000 *A2d extended gold 5s—-.--1938 38,000 Pacific Tel & Tel 3 %s series B..1966 46,000 Ref mtge 3 %s series O---—-1966 1,000 Paducah & Illinois 1st s f 4%s-.1955 42,000 Panhandle Eastern Pipe L 4s A-1952 Paramount Broadway Corp— 27,000 1st mtge s f g 3s loan ctfs——1955 Paramount Pictures Inc— 9,000 If Sinking fund debenture 6s -1955 229,000 3 Ms conv debenture— __ _--- -1947 25,000 IfParis-Orleans RR Ext s f 5Ms-1968 66,000 Parmelee Trans conv deb 6s 1944 2,000 Paterson & Passaic G & E 5s. __ 1949 3,000 iPaulista Ry 1st & ref 7s ser A-.1942 _ „ 5,000 1,000 2,000 30,000 159,000 67,000 8,000 Penn Glass Sand 1st mtge 4 Ms-1960 Penn Ohio & Detroit RR—, gold 4Ms series A--1977 4Ms series B --1981 382',000 Penn Pow & Lt 1st M 4%s_—1981 11,000 Penn RR consol gold 4s 1943 18,000 1st & ref 82.000 1948 1948 1970 Consol gold 4s 28,000 Stamped dollar bonds. 145,000 Gen mtge 3 Ms series O 81,000 Consol 4%s issue of 1915 1960 533,000 General 4Ms series A 1965 270,000 General 5s series B 1968 444,000 Debenture gold 4 Ms —1970 231,000 General 4MS series D_ --1981 Gen mtge 4%s series E------1984 181,000 365,000 Conv deb 3 Ms ----—---1952 2,000 Peoples Gas & Coke 1st 6s. 1943 41,000 Refunding gold 5s-_--— 1947 1940 16,000 Peoria & East 1st cons 4s Alncome 4s (flat) _ ■— ----- - 98M 70 82 72M 108M 111 110M 112 110M 110 111M 110 102 M 104 M 102 104 M Sale 103 M Sale 57 M Sale 99 M 88 M 100 M Sale M S M S A O M 8 49 122 M 8 F A J D 3 D MN F A M S 3 D 61% 100M 98% Sale 99 M Sale 91M 94 106M 107M 93 M O Sale Sale J A Sale 94 Sale Sale Sale Sale Sale Sale Sale Sale 82 J 105% MN MN 110% AfN 110 88 A O 115M 97 % Sale Sale M S 116M 113% Sale O 56 M Sale A F A J J J J M S 6M 103 M 66 % a* Sale' Sale Sale J D MN 115 Sale 108 108 M F A J J 107 M 108M 105 M 110 103 104 M JD Sale J 1.3 M Sale M S ,3M Sale 13 M Sale M S 112M Sale (Italy) conv 7s.-----1952 MN Pitts Coke & Iron conv 4%s A. .1952 M S "93M Sale J D MS J J J O A O 1949 F Con 3 Ms series E guar gCon 4s series F guar g Con 4s series G guar g MN MN A ---1953 J D 1957 MN 110M 110M 89 M 104 M 108 106 108 M 106 M 105 103 M 103 103 A 113 MN 111 112M 102 M 102 M 92 M Sale Sale ~45M 107 M 51 49 F 21~000 Gen guar 5s series A__ General g 5s series B 1970 A J D ---1975 A O General 4 %s series G-_1977 J J Pitts Va & Char 1st guar 4s.---1943 MN Pitts & West Va 1st 4Ms ser 1st mtge 4 Ms series 1st mtge 4Ms series Pitts Y & Ash 1st gen B C 4s ser A. 1958 3 D 44 1956 ---I960 A.. 1948 1st gen 5s 1st gen 5s 44 t APorto Rican Am Tobac cony 6s 1942 a6s stamped --- -—1942 41,000 2,000,000 t*APostal Teleg & Cable coll 5s-1953 15,000 Potomac Elec Power 1st M 3 Ms-1966 Pressed Steel Car deb 5s 1951 "5",665 AProvidence Secur deb 4s gu_..1957 AProvidence Terminal 1st 4s.. -1956 40.006 Public Service El & Gas 3 Ms—1968 1st & ref mtge 5s_ 2037 1,000 1st & ref mtge 8s. -2037 2,000 1968 103,000 Pub Serv of Nor 111 3Ms._ 83,000 Purity Bakeries Corp s f g 5s—1648 t ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd)__ *ADebenture gold 6s.-1941 102,000 *6s stamped... 1941 58",666 Read Co Jersey Cen coll g 4s—1951 Gen & ref 4Ms series A_ 1997 172,000 Gen & ref 4Ms series B_ 1997 23,000 192,000 Remington Rand deb 4Ms w w_1956 4Ms without warrants 1956 48,000 Rensselaer & Saratoga 1st gu 68-1941 243",606 Republic Steel Corp 4Ms ser B..1961 Purch money 1st 5 Ms conv__1954 78,000 Gen mtge 4Ms series C_ 1956 157,000 65,000 Revere Copper & Brass 1st 4Ms. 1956 -_-l946 5,000 ARheinelbe Union s f g 7s 1953 9,000 a Rhine-Ruhr Wat Serv 6s 59 105 M 107 Sale 39 M J Sale J 15M Sale J 108 M Sale 82 J MN "3M M S 49 M 4M Sale , — — 1950 3,000 ARhine-West Elec Power 7s ADirect mortgage gold 6s 1952 10,000 ACons mtge 6s _.._1953 17,000 ACons mtge 6s 1955 2,000 1952 98,000 Richfield Oil 4s conv deb Richmond Term Ry 1st guar 5s_l952 ARima Steel s f 7s ---1955 6,000 t ARio Grande June 1st guar 5s -1939 54,000 j*ARio Grande Western 1st g 4sl939 a 1st con & coll tr 4s series A--1949 86,000 Rochester Gas & El 4 Ms ser D..1977 Gen mtge 3 Ms series H 1967 Gen mtge 3 Ms series 1 1967 *i ARock Is Ark & Louis 1st 4%s 1934 12,000 ".4", 660 6,000 jARutland RR 15,000 -1948 1949 4MS-1941 1941 AKuhr Chemical 6s 1 ARutland-Canadian 4s stpd J J D J D A O 63 50" July 111 July 111 July 102 M July 104 M July 109 M July 102 M July 103 M July 103 M 104 52 29 : : : Prices Mar. 10 Mar. 22 June July 10 48 % July 100 % July 6 91 July 31 100 M July 6 21 99 H Jan. 82 M Apr. 102 98M Jan. 102 M Mar. 4 58 Feb. 27 127 July 24 51 % 127 53 July 1 July 24 July 12 103 M July July July 104 17 July 25 104 M July 25 104 July 7 103 M July 1 100 M July 21 104 M July 104 July July 99M July 106 M July 103 67 67 Sale Sale 98 H July 106 M July 13 99 M July 5 11 12 15 31 3 24 29 25 11 45 21 57M Jan. 91 Jan. 123 M Mar. 45 Apr. 61 Jan. 25 103 M Jan. 19 104 5 104M Jan. 3 105 Jan. 3 104M Jan. 4 100 M 93 Jan. 2 107 H 105H Feb. 101H 101M 99M 98 M 98M 17 105 M July 109 M July 7 104S7»iJuly 108 M July 111 M July 112M July 87 M July 118m July 99 M July 104 M July 82 M July 95 July 95 July 79 M July 116 M July 116 July 47 July 106 M July 57 M July 50 Sale 60 M 108 M 113 H July 113M July 89 M July 120 July 100 Vs July 107 H July 89 M July 96 M July 96 M July 86 M July 116M July 117 July 50 M July 13 106 M 7 67 12 56 M 60 M 15 5 109 M ,3o* 105 M 108 M 108 M 108 — 108 M - 108 M July 27 July 19 July July July July July July July July July July July July July 15 105 M July 15 25 108 M July 25 - 108M 105 M July 108 M July 105 — — - — Jan. ill Mar. July July July June Jan. 27 106 M Jan. 107 117M 109 108 103 98 Sale 105M 106 M Sale 104 105 M Sale 98M Sale Sale 107 30 39 36 28M 29 M Sale 34M 106 M 108M 102 M 98 M 106 71 107% 28 28 70 1 % 42% 16 99 M June 19 95M May 26 4 109 M June 5 113M July 6 July 5 7 12 15 Apr. Jan. Jan. 115M Apr. 24 117M Mar. July m* Jan. 27 117 July 12 58 M Mar. 3M Apr. 10 6M Jan. J an. 4 106 M Anr. 103" 7 76 57 Mar. July Mar. 52 May 23 §?* 54 May 25 71 106 M Mar. 31 115 Jan. 108 108 M Jan. 11 19 11 6 14 11 16 Mar. 11 Jan. 3 4 111M July 28 18 115 July 25 Feb. 20 109 3 Jan. 17 107; 104 3 105! 98 M Jan. 104 Mar. 31 109 M Apr. July 18 May 19 4 iOM Apr. 10 Jan. 24 3 107 Jan. 16 Jan. 27 June 12 Apr. 11 8 106 Apr. 89 M Mar. 30 90 Apr. 28 7 104M Jan. June Jan. Jan. 3 5 May 22 July 20 9 105 H Mar. 16 9 18 109 Va June 14 109 M July 19 117M July 28 116 M July 117 M July 104 M July .117 M July 24 106 M July 31 27 98 M July 28 105 M July 103 M July 97 M July 23 M July 23 July 23 July 25 25 25 32 M July 24 M July 32 M July 8 25 106% Jan. 12 105 105 112 Jan. Feb. Jan. 109% July 19 107% Apr. 28 117% July 28 112M 102M 101M 93 M 106M 23i Jan. Jan. Jan. 7 118% June 107% Mar. 21 106% Mar. 14 Jan. Feb. 98% June 16 107% Mar, 8 24 23 13 23 104 July July July Mar. 51" Mar. 15 51 52 Mar. 15 Mar. 15 106% June 26 ----- Sale _ 79 H Sale 71 26 Sale 25 July 80 July 31 28 1 July 35 110 78% 25M 25 M 13 M 109 70 5 Sale 110 75 5 July 25 July 12 M July 109 M July 2 July 26 M July 15 July 109 M July 27 2 58 M Jan. Feb. July 27 July July 10M Apr. 108M Jan. 72 May 1M June 40 42 June 16 110 Feb. 9 24 June 14 88 4 Feb. Mar. 14 Jan. 49% Jan. 111% July 153 July 221 July 110% June 104% June 110M July 153 July 221 July 111M July 153 July 221 July 110 M July 103 M July 110M July 153 July 221 224 M 221 July 108 M July 110M Sale 103 M 104 102 M July 80 July 31 5 107% June 1 44% June 106 25 25 107 H _ Sale 13% Sale 109 July 106 M "36" 17 8 June 6 3 120 June 21 6 100 M July 24 Jan. 26 107 M Mar. 6 Apr. 10 90 M Mar. 15 June 7 90M Apr. 11 97 89 M Apr. 10 Mar. 25 97 74 M Apr. 11 90M Mar. 11 84 H 115M 95 H 103 M 79 106 M Jan. 108 104 17 25 25 July 21 Jan. 110 109 M Jan. 7 June 26 3 18 Jan. Jan. 17 Mar. 8 July 31 108 M May 10 108 Vs June 23 106 Jan. 23 109 May 16 109 110 108 116H Sale 8 June 12 101M Feb. 23 102 M July 12 103 M June 14 105M Jan. 8 53 July 55 Ji July 108M July 111 July 12 HIM 110M HIM 111 115 July 25 115 112M 126" 113M 120 107 M 109 M 108 M 109 M 107 M July 18 108 M 106 M 107 M 107 M Sale 106 M July 13 107 M 1 105 M 104 M Sale 104 M July 105 M Sale 3 110M July 110M Sale 110M Sale 110 Sale 11 11 10 M July 16 10 M 11M 3M July 17 3M Sale 3M 3M 9 H Sale 7M July 12 8M Sale 108 H Sale 107 M July 6 109 M 89 M 95 91 94 M 91 90 91M July 6 94 M July 20 109" J 3 J J M S 108% Sale Sale 74 M Sale 55 M 71 Sale 70 102 M Sale Sale 103% Sale Sale 103% Sale 67% Sale 75 52 70 75 57 Sale 69 71 60 6 3 15 13 18 75 M 73 M 54 M 73 M 71M Sale 102 M S Sale Sale 94 Sale 103 66 M July 10 76 July 21 —- Sale Sale 73 M 55 H July 52 M July 69 % July 70 July 103 % July 100 July 73 M July 73 M July July 102 M July 105 June 108 95 17 17 29 18 18 Apr. 55 Apr. 63 52 M 68 69 M July 22 Apr. 10 Apr. 11 99 100 11 79 June 23 Apr. July 63 61 % 80 80 11 105 28 23 Jan. 18 June 23 Mar. 10 Mar. 9 Mar. 10 July 18 12 102% July 18 MN A 93 Sale MN 107 F MN 94 Sale Sale J J 99 M Sale J 3 50 Sale J J 21M Sale MIV MN 26 M M S III 1 III J 103 H F A A O 3 30 29 M M S M S M'S A O 20M --— 5 J 5 J D 105 A O 106 4s.. 1947 J 5s. .1996 3 1996 A page 30. 3 106M J O ... Sale 30 30 24 M 106 23 Vs 26 ... Sale 104 M "55" 108 12 ... ... 30 11* 39 M 5 106 M 106 M 106 M Sale 90 M 94 % Sale 92 99 M 100 99 100M 45 39 40 23 M 21 30M 41M 19 H 122 H 108 H J St Jos & Grand Island 1st g St Lawr & Adirondack 1st g 72 Highest Sale Prices Sale 67 Jan. 3 83 65M Jan. 16 72 107M Mar. 25 112 108 M Feb. 20 112M D J Sale Sale 104 M Sale 108M 108 M 108M 109 M Sale 112 113 113M 112 112M 112M 114 Sale 89 86M 119M Sale 118M Sale 99 M Sale 100 % Sale 104 M Sale 107 M Sale 82 M Sale 88 M Sale 93 M 95 M 96 M Sale Sale 94 M 96 96 79 M Sale 86 M Sale 116M 117 116M 117 115M 117 116M Sale 48 47 49 M 40 3M 4M 4M 106 110M 106 M m* 97 H 3 1947 Saguenay Pow Ltd 1st M 4 Ms. .1966 O 99 105 D J 72 M July 70 July 108 M July 48 M July Lowest Sale Prices 74 M July 27 Jan. 98 M 100 J J A 3 1st cons g 2d gold 6s For footnotes, see J J a4Ms stamped - J J 51.000 Safeway Stores s f deb 4s_ 103.000 J — 98% Sale 42 J 103 M 104 M 103M 104M 103 104M 104 H 105 103 M Sale 99 M 100M 106 M 107 M 110 99 1,619,000 Portland General Electric 4MS--1960 M S J J 1st 5s extended to 1950 ------ 52 103 M— 104 105 103 M A 99 H Sale 51 lOlM 1974 1977 125",555 94 M 106 1962 series B series O 1st 4%s series D_. 50 M Sale Prices 100% July 87 M July 88 88 M 91 Sale July 100!«»100% 99 M 100 M 100 47 48M July 51 51M Sale 126 125M ----- 127 \ July 51 \ July 60 M 50 60 108 M 105 112 F 54 M 103 - 99 92 M 93 O 74 M 50 M 50M 104 % A Ask Highest 10013J Sale Sale 99M 102 100% . 68 — J Ask\Bid U* 108 109 101M 105 M Sale ,98M 3,000 f 93 Sale A A '14,000 126,000 Sale F 3,000 P C O & St L g 4%s series A—1940 Con 4Ms series B guar g; 1,000 1942 Con 4Ms series C guar g 1942 Con 4s series D guar g-_ 1945 21",565 Bid J Pirelli Co 12,000 86,000 84,000 140,000 _Ask - M S RANGE SINCE JAN. 1 Lowest July 31 63 108 -1990 Apr "3",666 Peoria & Pekin Un 1st 5 Ms A. .1974 138,000 Pere Marquette 1st 5s series A__i§56 1st 4s series B__ —-1956 46,000 45,000 1st g 4Ms series C___----—1980 718,000 Phelps Dodge conv 3 Ms deb__-l§52 1943 13,000 Phila Bait & Wash 1st g 4s General 5s series B__— 1974 18,000 General g 4 Ms series C 22,000 1977 General 4%s series D 23,000 1981 532,000 Phila Co secured gold 5s__ -1967 1967 202.000 Phila Electric 1st & ref 3 Ms 77,000 tAPhila & Read O & I ref 5S-.1973 AConvertible deb 6s ----1949 87,000 * 96,000 APhilippine Ry 1st 30-yr s f 43.1937 211,000 Phillips Petroleum conv 3s -1948 July 1 67 „ Pennsylvania Co— Guar 3 Ms coll tr ctfs ser B—1941 Guar g 3 Ms tr ctfs ser C 1942 Guar g 3%s tr ctfs ser D..---1944 40-year guar tr ctfs 4s ser E..1952 28-year 4s -------1963 Penn Dixie Cement 1st 6s A----1941 PRICES IN JULY 1939 Bid $ 35",566 Price Jan. 3 23 M 23 M 26M 107 108 105 102M 103 10 10 16M 43 29 M 12M 123 M 45 32 17 !i«' 29 M Sale 92 July July July 20 M July 95 July 100 M July 39 July 27 M July 23 M July 27 28 28 17 108M July 25 99 39 21M July 27 M July IP 23 M Apr. 22 M June 16M Sale Sale Sale 27% Jan. Jan. 24 M July 24 M July 23 % July 23 M July 26 M 23 July Sale 106 M July 106 94% Mar. 14 107% May 26 95 July 25 101% June 20 51 Jan. 10 22 Mar. 7 85M Apr. 102 M Apr. 85 M Apr. 95 Apr. 37 May 18 M Apr. 94 M July 106 M July 90 M July 106 July 28 Jan. 28 Jan. Jan. 12 14 14 4 27% Jan. 108% July 25 104% Apr. 28 13% Jan. 17 100 M Apr. June 103 iOM Apr. May July 31 43 46 Mar. 13 35 July 27 15 M July 27 31 June 44 Jan. 14 July 20 Jan. 7 5 8 Anr. 13% Jan. 7 45 45 July 31M July 14 July 124 M 106 Sale 35 5M 7M Sale Sale Sale —-- Jt* 9M 8M 7M 30 Sale 8M 8 6 8M 7M Sale 19 9M July 31 7 22 29 7M July 18 8 July 24 8M July 14 26 105 105 107 106M 106 July 107 Sale 106 M Sale 106 M July 107 M 107M 60 85 60 85 84 M 84 M ----- 93 M 88M 8M July 7M July 7M July 7 M July 30 20 105 M July 27 107 M July 14 6 4 26 Feb. 18 Jan. 26 5M Jan. 4M Jan. 104H Jan. 105M Jan. 106M Jan. 25 17 Feb. 18 8% June 16 8 May 24 8% June 8 26 June 13 4 107 6 17 107% June 26 107% May 11 aug., 1939] N. Y. STOCK Sales in Ho BONDS July Value Ask St Louis Iron Mtn & South— ^,000 70,000 156,000 28,000 38,000 5,000 2,000 10,000 Sale 56 5854 61m Sale 64 Sale 38 64 55 m 16 12 15 55 59 15m 17 m 60 m Sale J J 54 m 57 J J 13 % 13 m Sale Sale j J 14 Sale 13 m 13 m Sale Sale Sale M s 13 m 19~666 42,000 1,000 Scio Vall&ne 1st guarg4s *t ASeaboardAir Line 1st g 4s * AStamped 4s AAdjustment 5s * ARefunding g 4s 654 8m a J j J J j A 115m 115m O mn m s Sale 63 107 111 54 108 Sale" 110 o 29 30 o 32 1989 MN 1950 A O O 27 m 7% m S A* m 16 54 A 1935 f A 4% 4m 104 % 1951 M s 1952 j D 1951 m S 1946 f A 1962 a o a 60 m July July 31 10 7 100 97 54 15 10 1 3 Sale 3 4 2m 4m 4 4 Sale 19 Sale Sale 61 74 77 21m 31 28 m July 18 m July 10 % July 18 25 17 18 18 19 25 26 25 7m July 31 7m July 31 98 July 21 117 July 14 58 m July 26 107 July 11 111 July 10 109m July 14 20 July 14 21 July 18 79 m 56 m Sale Sale Sale "54" 58 75 68 98 m 103 m Sale 98 m Sale 75 106 % Sale 111m Sale 91m Sale Sale 62 84 m 105m Sale 41m 3954 4054 Sale 54 Sale Sale 80 83 7154 Sale 61m Sale 8354 59 54 73 m 75 m Sale 1968 104" ' Sale" 107 Sale Sale 70 78 65 66 m 4 10223jajuly 53 71 103 July July 55 72 p §8* 60 82 m Sale Sale Sale 75 44 5054 48 Sale 46 m Sale 46 m 47 m Sale 107 m July 104 m July 1,000 Tenn Coal Iron & rr gen 5s ..1951 168,000 Tenn Elec Pow 1st 6s series a..1947 3,000 Term rr Assn of St l 1st g 4 Ms 1939 57,000 First cons g 5s .1944 119,000 Gen ref s f gold 4s— 1953 28,000 Texarkana & f s Ry 554s a guar 1950 187,000 Texas Corp deb 3 Ms 1951 J 531,000 3s debentures .1959 A Texas & no cons g 5s 1943 J 67",555 Texas & Pacific 1st g 5s 2000 J 122,000 Gen ref 5s ser b 1977 A 53,000 Gen & ref 5s series c 1979 A 91,000 Gen & ref 5s ser d__ -.1980 3 10,000 Tex Pac—Mo Pac Term 5Ms a. 1964 M S 132,000 Third Ave 1st ref 4s j i960 J 281,000 AAdjustment income 5s_.Jan ao 1960 1937 j 6,000 ♦AThird Ave rr 1st gold 5s 60,000 Tide Water Assoc Oil deb 3 Ms..1952 J J j Tokyo Electric Light (Ltd)— 302,000 1st m 6s $ series June 15 1953 59,000 Tol & Ohio Cent ref & imp 3Ms-1960 Sale 80 107 m 84 Sale 3W. 88 106m Sale Sale Sale Sale 90 Sale 55 m 1950 a o Tol w Va & Ohio 1st guar 4s c__1942 m s Tor Ham & Buff 1st 4s Trenton Gas & Elec 1st 5s Tri-Cont'l Corp conv deb 5s 1966 J d 1949 m s J ser a *53 J ATyrol Hydro-Elec Power 7ms- -1955 mn AGuaranteed sec s f 7s ...1952 F a Ujigawa Elec Power sec 7s 1945 m s Union Electric (Mo) 3 Ms J 1962 j ♦jAUnion Elev Ry Chic 1st 5s. .1945 O Union Oil Cal 30-yr 6s ser a May '42 a 3 Ms debentures j 1952 Union Pac rr 1st & land gr g4s_ 1947 J First & refunding 4s June 2008 M s 1st lien & ref 5s June 2008 m s a o mn a o a o 85 m 104 Sale 88 m 1,000 Tol St l & West 1st g 4s_ 10954 104m 91 % 11554 116 84 m 85 84 m 89 84 97 Sale 53 m 57 60 iii "27" 554 854 §54 Sale Sale 9m 554 h6m Sale 254 Sale 7 Sale 1 Sale 5m Sale 354 109m j 54 Sale 116 110 Sale 109 m 87 87 m 86 m 105m 10554 1g4m Sale 105 m Sale 104 84 5 91 % 1185 119" Sale 117 87 m 85 Sale Sale 88 82 M 86 m 87 m 88 m 85 104 104 107 m 102M 4254 43 m Sale 41M Sale 8m Sale 8M 97 m 9354 Sale 93M 106 105 m 106 105 M 87 65 m —- 125m 60 65 10654 99 m 100m 1 3 47 M July 3 1 July July July 3 3 P 84 5 28 25 28 28 28 25 29 65 M July 21 87 57 26 17 22 22 July July 73 July 79 M July 77 Sale 11 Sale Sale 114 22 108 51 July 10 99 Sale Sale 15 108 M July 106 M July 22 M July 106 M July 106 M July 92 M July 107 M July 5 119 July 8 July 88 3 July 88 7 88 M July July 10 104 3 July 45 M July 31 9M July 13 q4. 3 105M July 20 89 60 July 10 3 99M July 26 24 10 114m 114m 114M# 106 M 10654 Sale Sale 113 M 107 n 113m 111M 98 M 99m 99 % 98 M 107 m 108 m 107 % Sale 76 72 M 98 98 4M June 29 8 Apr. 2M Apr. 2M May 20 12 Jan. 13 29 18 1 Jan. 8 6% Jan. 5 20 Jan. 5 106 62 75% 23 M Jan. 3 9 May 12 Feb. Jan. 15 7 14 June 82 22 Mar. 100 % June 18 105 Feb. . 8 7 9 13 107 % Feb. 1 17 118M June 24 July 26 Jan. 105% 58% 61% 57% 57% 57% May 40% May 39 May 37 M May 37M May 51 May July 5' Mar. 10 Mar. 9 Mar. 10 Mar. 9 Mar. 9 Mar. 10 Mar. 11 72% Mar. 10 68 80 93 July 55% Apr. 77 May 20 Feb. 3 6 110^ Feb. 3 11 105 % July 26 4 95 Mar. 9> 40 91% Mar. 11 61% Mar. 9 76% Mar. 9 Jan. 24 80 Jan. 68 Apr. 105 June Mar. 9 Mar. 17 3 106% June 27 11 130 94 % Jan. 101 Jan. 79 Jan. 104 Mar. 10 June 10854 Jan. 10 105% July 25 103M June July 10 26 5 "26 6 July 77 July 25 5 108 M July 31 July July 27 10M July 11 July 13 114M July July 25 108 M July 3 114M July July 3 109 M July July 7 113 M July July 5 100 July July 1 100 July July 20 July 20 108 M July I July 20 76 July 31 113% 78% 783^ 793^ 96 % 37% 734 Apr. Apr. Apr. Apr. Jan. Apr. Jan. 87% Jan. 105 6 June 22 Fe.j. 6 10234 Feb. 14 116% July 14 110% July 22 Jan. 103 92% July 28 3 107% Jan. Mar. 113^ 99 M July July 11 10 8 11 100% July % July 26 90 M July 12 24" Apr. •Apr. Apr. Apr. 125 54 60 57 58 44 103 28 31 July 31 July 26 July 28 July 27 July 26 July 13 July 19 July 14 July | 106" July "5 106"'July' 114m Sale Jan. 11 10M Jan. 17 Jan. 9 Mar. 10 60% May 4 74 100% June 29 112% Feb. 20 104% Jan. 27 109 May 27 105 June 28 109?< May 11 12% Apr. 10 22% July 19 104% Jan. 14 105% June 7 103% Apr. 8 106% Jan. 10 July 25 130 July 1 100 M July July July 31 100 % July 6 116 July M July 1 110 M July July July 20 87 M July 1 105 M July July 1 105 M July July July July 76 m 80 % 74 108m Sale 106 107 m 109 Sale 30 3 72 71 110M July 22 30 7 19M Mar. 17% Jan. Jan. 4 July 58 Apr. 20 Apr. 59 Apr. 91 Apr. 102M Mar. 102"siJuly 119 107m 106 22 m Sale 3 99m 100 me Sale 100 106 130 51m Sale 89 90 m 6 119M June 53 109 48 July 51 % July 47 M July July 66m July 72 July Sale 53 m 1 1 June June 30 June 24 3 May May 27 102233sJuly 75 10054 100m June June 28 10% 8% 1M 3% 2M 101 50 100% Sale 20 105M July Sale 72 4 21 July 18 June 31 3 32 M May 24 Apr. Apr. 3 5 81m July 71m Sale 77m Sale Jan. 110M Mar. 11 24 Sale h6m 11654 Sale 10654 9654 iiiii 12354 124 m 10854 110 9 Sale July July July 9 9 107 M June 21 112M Jan. 25 Feb. 5 Jan. 12 Mar. 4 Jan. 5 Mar. 24 July 31 104 % July Sale 129 10054 116 May 114M May 47 M June 105M Apr. 108M June 109 Apr. 15M Feb. 25 Mar. 98 % Jan. 21 118 Feb. 18 68 M Jan. 11 96 15 65 35% 23% 15% 87 M 7M 15108 129 113m 114 104 m Sale 7 8% Apr. 10 87 May 19 3M May 24 3M Apr. Jan. 10454 July 92 m July 63 m Sale 2 Jan. 14 24 110 126 m 96 m 102 % June 15 M July 14 13% Jan. 104M July 108 M July 100 Apr. 90M Jan. 86 m 55 m Sale 28 26 14M Jan. 106 M Jan. 61m 99 m 54M Jan. 14 Jan. 13 % Jan. 21 7 July 3 105 M July 26 93 M July 5 41m July 43m July 41m July 40 July 40 July 54 July 80 July 61 July It* 10 June 30 108 M July 106 M July 107 m Sale * Apr. Apr. 10 May 17 Apr. 11 Apr. 8 6 5 Jan. 17M Jan. 4 62 M Mar. 24 7 15 6 6 8 108 m July 107 83 m 7M 7M 7M 7M 7% 7M 115 125 d 15 104 m 105 m Sale 105 Sale 103 July 13 July 20 104 M July 69 66 72 65 m July 12 109 m 110m 109m 11054 10954 July 12 107 % 107 m 108M Sale 10754 July 22 105 m Sale 105 105 m 105m July 1 16 Sale 16 18m 21m 1 July 105 m 10554 106 m 10654 105m Sale 105 July 24 Sale 105 105m 105m 106 July 24 80 91 Sale 78% 80 July 3 106M 106 % 107 m Sale 105m July 18 14 July 28 July 22 July 24 July 31 July 18 112183jJuly 104 % 105 55 Sale. 2 4m 3m 6% 6m 13 m 10215jsJuly - 105 m 107 10954 10854 109 41% Sale Sale 40 m Sale Sale July July July July July 12 July 2m July 121 108m 10854 Sale Sale 104 104m 10554 106m 92 m Sale 91m 93 v 106 39m 1961 28 68 M July 100 M July 107m 109 107 % 106 m Sale 109 m Sale 100 101M 2 354 3m 5m 454 68 July 100 98 m July 104 m 103 July 103 m 1021»ii Sale 118 121 44 m 255.000 15-year 2 ms debs J 1953 222,000 Studebaker j Corp conv deb 6s__1945 116,000 Swift & Co 1st m 3 ms 1950 mn July lom July 17 72 102 m Sale J 31 23 Sale Sale Sale mn 3m 4m 6854 Sale 56 j 5 102% 5854 54 m 54 % mn 15 8m July Sale 2m 2m 254 2m M s M 8 July 9m 15 it* 23 90 m 30 Sale 554 Sale Sale 64 Apr. 8 11 12M Mar. 31 52M Apr. 10 116M Feb. 9 76 101 g 34-year 3 Ms debenture 1970 99,000 35-year 3 ms debenture 1971 13,000 United Biscuit(Amer) deb 5s 1950 33,000 United Cigar-Whelan Stores 5s_1952 30m 32 m 8m 21 65M Jan. 51 % Apr. 25 j d..1960 MN J 5s 1955 j Staley (a e) Mfg 1st mtge 4s.__1946 a 9m July 9 July 9m July 9 July 26 7 28 9 5 Sale 10m s f ser 30. 9 m July July 5m July 10m 52 26 26 28 9m July 25 58 m July Sale 17m 1754 11154 page 3 62 m July 61 July 17 July 60 m July 118 116 o 4s stamped see Sale 30 Southern For footnotes 11 30 a guar 4s.__1955 41,000 173,000 14,000 6,000 104.000 276,000 182,000 33,000 111,000 3 26 July 1654 11654 11554 July 37 m 58 48 m July 3554 106m 106 July 38m 110 110 July 39 M 109 m July 20 23 20 July 20 22 m 20 July 108 m ho 110 20 23 20 Sale 1946 a 1955 Ry 1st cons 5s 1994 Devel & gen 4s series a 1956 Devel & gen 6s series a 1956 Devel & gen 6 Ms series a 1956 Memphis Div 1st g 5s 1996 21~,555 St. Louis Div 1st g 4s 1951 53.000 Southw Bell Tel 354s series b...1964 t.555 9 )8 114m 115 47 m 55 2754 2254 866,000 286,000 287,000 "i",5o5 1554 July 1054 99 18 — "5",555 28 m July 18k 7m Sale 16m Southern Natural Gas— Standard Oil n j deb 3s 62 32 18m 654 J 96,000 1st mtge pipe line 4%s -1951 274,000 Sou Pac Co 4s Cent Pac coll Aug '49 550,000 1st 4ms (Oregon Lines) ser a.1977 275,000 Gold 4 ms-.1968 1,050,000 Gold 4 Ms May 11969 1,126,000 Gold 4Ms__ 1981 258.000 10-year secured 3 ms 1946 99,000 San Francisco Term 1st 4s 1950 550,000 South Pac rr 1st ref i8'o"555 28 m 454 J 1961 M s 1st mtge & ref 4s 1965 f A Southern Colorado Pow 1st g 6s .1947 j Southern Kraft Corp 4 ms. 1946 200,000 1st & ref 3s series c 35,000 s'western Gas & Elec 4s 115,000 liSpokane Internat 1st 59 m 32 17 54 4 J ASilesia Elec Corp 6 54s ~5", 5oo Silesian Am Corp coll tr g 7s 1941 f A 270,000 Simmons Co conv deb 4s 1952 42,000 Skelly Oil debenture 4s 1951 44,000 HSocony-Vacuum Oil deb 354s_1950 South & Nor Ala gu 5s 1963 298",555 9 5 1946 j a Southern Bell Tel & Tel 354s Southern Calif Gas 454s 8m Sale 4 100 98 a a6s series b ctfs of dep IfShell Union Oil deb 354s July July July 55m July 61 14 Sale 9 5954 1654 954 Sale Prices 57 64 8m 9 9m Sale 8 754 26 54 Highest Sale Prices 7m July 7% July 7m July 7 54 July 754 July 754 July Sale 8 14 Sale j 1950 A Oct 1949 f 88,000 Shinyetsu el Pow 1st 654s 12,000 ASiemens & Halske deb 6%8 33,000 104,000 56,000 54,000 117,000 1454 Sale Sale Sale Sale 35 m 23 m 9 Lowest Sale Prices d St Paul Minn & Manitoba— tPacific Ext sterling guar 4s__ 1940 j 162,000 1959 2,000 ACertificates of deposit 348,000 Alst & cons 6s series a 1945 106,0G0 ACertificates of deposit 10,000 t* lAtl-Birm Div 1st g 4s May 1933 74,000 t ASeaboard Air-Fla 6s a ctfs.__1935 331",005 J 61m 754 Sale 754 Sale 7% Sale 754 7% Highest Sale Prices Ask 63 m J 454s__ 1947 J kg Short Lgu454s 1941 F TASchulco Co guar 654s AStamped AGuar. sinking fund 654s b AStamped Ask Bid Bid RANGE SINCE JAN. 1 Lowest | j 1990 j 1968 J St Paul Union Depot 1st 5s guar. 1972 San Ant & Aran Pass 1st guar 4s_ 1943 San Antonio Pub Serv 4s 1963 San Diego Cons g & e 4s -1965 Santa Fe Prescott & Phoenix 1st 5s'42 July 31 mn 95,000 t ASt Louis Southwest 1st g4s___ 1989 m1v 8,000 A2d gold 4s income bond Nov 1989 j j 64,000 *Alst terminal & unif 5s J 1952 J 66,000 AGen & ref __ July 1 1939 97,000 a*River & Gulf Div 1st g 4s_ _.1933 11,000 ACertificates of deposit 93,000 t ASt LPeo&nw 1st 5s 1948 17,000 St l Rky m & Pac 5s stamped-.1955 X ASt Louis-San Francisco ry— 496,000 APrior lien 4s series a. 1950 127,000 ACertificates of deposit 88,000 APrior lien 5s series b_ 1950 30,000 ACertificates of deposit 415,000 ACon m 4 54 s series a 1978 161,000 ACertificates of deposit stamped i ASt Paul & I,1 PRICES IN JULY Price Bid 62,000 29 Jan. 3 N. Y. STOCK EXCHANGE 5s series a St Paul & Duluth 1st consol 4s liSt PaulE Grand Trunk EXCHANGE—BONDS 119 89 89 89 104 June 20 Mar. 14 Mar. 14 Mar. 14 July 26 4654 Mar. 14 1334 Feb. 16 98 May 15 107% May 29 Mar. 51 July 20 85 Feb. 1 60 % Feb. 17 9054 Mar. 15 54% Jan. 4 6554 Mar. 9 97% June 15 100 Feb. 27 123% Mar. 4 12554 May 10 104% Apr. 26 109 Jan. 31 20 Feb. 15 2354 Feb. 24 24 July 26 26 Jan. 9 713^ Mar. 106 85 Jan. 21 Mar. 13 Feb. 7 July 9% Jan. 114% July 106 % Apr. 110 Ill 115 June June Jan. 104% Apr. 13 11654 Jan. 10954 Jan. 110 Mar. 94 Apr. Apr. May 11054 11654 10054 10054 10954 June 8354 93 W 70 June Feb. 17 7 12 7 20 6 June' 6 Jan. 24 3 Jan.. N. T. STOCK 30 Sales in 1939 Ask U S Steel Corp 3 Ms debs iUnited Steel Wks g 6Ms ser M S 83,000 t* lUtilities Pow & * ADebenture 5s 121,000 1934 J J --1948 A 1951 Wash Wat Pow 1st ref 5s 18*666 Westchester Light gold 5s Gen mtge 3Ms-71,000 26,000 West Penn Power 5s series E_ •28,000 1st mtge 3 Ms series I 20,000 West Va Pulp & Paper 4Ms_. Sale 106 M Sale Prices Sale 1 78 83 M July Jaly 10 111 29 July 20 30M 1 106 M 105M July 31 25 31 11 6 36 M July 88 M July 101M July 101M July 82 M July 36 39 44 87 M Sale July 19 19 29 21 31 29 July 1 101X July 31 July 100 M Sale 72M 72 H Sale 82 Sale 99 July 100 M July 70 H July Sale 82 Sale 70 M July 88 101M 101M Sale Sale Sale 100 100 M Sale 101M Sale 108 M 109M 108M 109M 108 % 108 M K. M 108M M S 35 J J 65 A O 62 M S 106 % Sale* 109 40 H 30 100 Sale Sale MN 49 28 55 55 V8 108 Sale F Sale A 25 36M 15M 47 M A 17 M S 38 Sale 35 80 30 55 M 57 55 H 109 Sale 38 38M 16M 17 50 M 11 12M Sale Sale 5M 6 ..... .1950 .1967 D J Sale 38M 88 M 40 M 90M Sale 38M 41M 30 40 30 108 67 109 -1966 J .1952 J 90 106M O 82 M J 80 60 109 M D .1963 M S J Sale 120 111M 107 M 127M 108M 109 120 121 88 107 July 89 M 106 M Sale 17 M 16M 82 M July 89 M July Sale Sale 106 M July 15 July 15 Sale 59 M July 63 July J Sale F lioM A 101M D Sale J O 1960 J j J tAWisconsin Cent 1st gen g 4S--1949 Sale 112M 4M 4% 6M 5M 107 M 108 V& 17,000 Wisconsin Public Service 4s—.1961 J D t AWorces & Conn East Ry 4 Ms-1943 J J 97 9M 103 M 97 9M July 62M July 21 July July 45M July Sale 46 49 M Sale Sale 105 Sale 113M July 93 M July 101M July Sale 9 Sale Sale 97 July July 103M July 94 H 114 112M 8 9M Sale 7 8M 9M 6 4M 5M 5M 5M 4% 107 M 108M 109 M 108 H 109 M 9M "¥ 14 ASup & Dul Div & Ter 1st 4s.1936 M N ACertificates of deposit Wisconsin Elec Power 3 Ms 1968 A O AW Sale ioo M 103 X 104 Sale" J * Youngstown Sale *"§M 94 M ACertificates of deposit ?ig a* 105 102 Sale 1955 J Sale 113M 114 M 114M Sale UN 4947 A Conv debentures 3 Ms Winston-Salem S B 1st 4s 49 M 48 l05~" M S J Sale 1948 M S 1961 M N 1st mtge s f 4s series O Negotiability impaired by maturity. i Bonds selling flat. July July July July July !iM 3 Jan. 4 5 11 Jan. 3 5 ifaay 24 92 July 35 Apr. 11 47 Mar. 16 Mar. 31 40 Mar. 31 3 109 m July 14 4 122 May 22 h Jan. 109m July 26 112 H May 23 7 8 107 m July 105 Apr. 105m Jan. 119 11107 M July 1' 85] July July 90] 76 m 82m 104m 14m 13 m 55 m 57 H 26 107 July 3 18M July 13 3 6 18 July 68 M July 5 73 M July 72 H July 1 21M July 10 50 18 46 M 31 105 5 114M 3 97 15 101M 14 9M 24 105 3 97 M 6 114 3 20 11 10 8M 6 57 July 109M July 9 1 89 m Mar. May Mar. 10 Apr. 27 95 6 Jan. 24 107 m June 4 9 23 m Jan. May 3 2 23 m Jan. May 1 68m July 18 May Apr. 11 73 h July 18 Jan. 17m Jan. May 42 m May 104m Apr. 109m Jan. 90m Apr. 100 m June July July July July July July July July July July July July July 109 May 106 m Jan. Jan. 107 120 M July 26 illM July 10 10 May 9 67 9 June 24 28 109 7 26 109 m July 100*31 June 6 101M Jan. 21 July 26 6 130 123 m Feb. July July 109M July July July 45 6 Jan. 100m Apr. 88M Apr. 110 7 8 21 6M 4M 4M 106m 107 m 5 109] 104] Sale 102 Sale Sale 105 M Sale 105 M 106 Sale 102 Sale 105 M July July for t The price represented Is the dollar quotation 200 pound unit of bonds. Accrued interest payable at exchange rate of S4.8484. Commercial Credit 3Xs, 1951, Sept. 30 at 103 X* Gen. Motors Accept. 3s, 1946, Aug. 1 at 102X % • X Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act. or securities assumed by h The following bonds have redemption in their entirety: per been called (B. F.) 6s. 1945, Aug. 2 at 103%. Home Owners Loan 2 Ms, 1949, Aug. 1 at 100%. Nord Ry. Co. 6Xs,* 1950. Oct. 1 at 102. Paramount Pictures 6s, 1955, July 31 at 100. Paris Orleans RR. 5Xs. 1968, Sept. 1 at par. Shell Union Oil, 3Xs, 1951. Aug. 24 at 102X. Socony Vacuum Oil3Hs, 1950, July 21 at 102X% Wheeling & Lake Erie 4s, 1966, Sept. 1 at 105. Jan. 13 8 Jan. Apr. 72 h July 18 Mar. 7 26 28 2 IW 59 6 52 m Mar. Mar. 13 9 July 19 114m July 31 31 Jan. 20 9 6 105 97 10 26 101M Jan. 10 12 H 3 19 20 Mar June 11 105 97 m Jan. July 31 114 10 11m Jan. 14 May 22 May 15 May 19 Jan. 30 Jan. 9 Jan. 23 6 3 9m Mar. 10 Mar. 11 Jan. 4 May 25 110M Mar. 29 9m Feb. 14 nofl Sheet & Tube— Convertible deb 4s ♦ Goodrich 7 88 130 120 Sale _ 109 129M July 108 M July Sale Sale Mar. 16 104 % Apr. 10 107 m Jan. 66 M Jan. 6 56 Apr. Jan. June 21 80 73 92 July 41M July 129 M 108 M 120 H 121 17 M 47 17 67 67 M 8* 11 June 10 3 Jan. 52 m Feb. 15 17 m Apr. 1 17 m Mar. 16 43 Apr. 15 Jan. 4 14 10 6 109 M July 18 22 H Jan. 6 109 M July 59 M 66 Sale IW 28 11 6 7M July 28 106 July 31 60 July 109 M 108 % July 15M Sale 29 21 31 29 49 m Jan. 1 July 26 May 24 5 109 H 58 J 3 40 8 4 9 40 62 Sale 63 10 July 6 Sale M S 7 25 Sale J 10 July 89 S 15 July Apr. July Apr. Apr. 38M July M S A A SSGHtj6(i Western Union Teleg 4Ms gold. 1950 M N Gold 5s 1951 J D Gold 5s_ 1960 M 5 1953 J 2361 J 2361 J 43 8 39 67 85 M Sale 4 105m Jan. 11 July July 7M July 7 4 4 m June 6 1M May 24 May 11 35 Jan. 12 72 Jan. 4 63 Mar. 8 109 m June 2 26 30 15 60 110M 109 M July 110M HIM 110 106 H 107 M 107 M July 107M 108 Sale 111M _ 109 - 5 12 11 111 18 Apr. 24 m Apr. 48 Apr. 102M 88 O 5M 6M 5M 105 M 58 M 58 M 58 M 58 M 88 101H 123 M 105 M 119M 110M 106M J 6M 5M 6M 6M July 5M July 6M 6 8 July 105 M July Sale 58 M July Sale 8 25 Jan. 72 54 34 50 M July 12 July July 43 July 6 % July *"8*" 84 A 39 M July 18 M July 31 96 Apr. 10 103 m Mar. 10 106m Feb. 10 108m May 31 106m Jan. 24 109 m June 22 11 42 7 104 M 106 50 3 7 18 12 18 42 Sale July July 21 109 50M Jaly 18M 11M 91M 12M 106 M 107 M 60 31 25 May 24m Jan. 104 Apr. 36 Apr. 37 Apr. 35M Apr. 83 m May 107% Jan. 27 m Jan. 25 6M A 34 July 15 H July 39M 18M 17 6 .1945 F .1945 .1939 107 Sale 18 Sale 35 11 July July 14 Sale 45 M 56 50M 13 M 76 31M July 80 59 11M 13 A 33 11 25 F 1952 1977 West N Y & Penn Gen gold 4s. 1943 A t AWestern Pacific 1st 5s ser A..1946 M Wilson & Co 1st M 4s ser A Sale Prices 4 83 m July July 16 111 6 30 m July 11 106 M July 50 Jan. 11 Jan. 27 50 13 50 M Jan. Jan. 17 90 93 Jan. 26 101M July 93 M Apr. 11 101 Vs July 66 Jan. 3 82 m July July 65M Jan. 3 83 Jan. 69 109 m June 6 M Jan. 27 109 48" *48M M S .2000 F A .1948 Q M Registered tWheeling & Lake Erie Ry 4s D1966 Wheeling & L Erie RR 1st con g 4s *49 Wheeling Steel Corp 4 Ms ser A_ 1966 White Sewing Machine deb 6s..1940 t* AWilkes-Barre & East 1st gu g 5s'42 83 1 110M July 11 35 July 110M Sale 25 31M 50 J -1941 M S AWestphalia Un El Pow 6s 25 38M 38 July 87 M 99 M 99M Sale Prices Prices July July July July 36 M July Highest M M S West Maryland 1st g 4s First & ref 5Ms series A.. 342,000 172,000 1 SINCE JAN. Lowest 36 M July 87 M July Sale 38M .1948 M S West Shore 1st 4s guar Highest 110 39 Sale 1959 94,000 J* aW abash RR 1st gold 5s..-._1939 44,000 *ASecond gold 5s 1939 Alst lien 50-year gold term 4s 1954 10*666 ADet & Chi ext 1st g 5s 1941 *ADes Moines Div 1st g 4s—1939 38,000 AOmaha Div 1st g 3 Ms— —1941 aToI & Chic Div 1st g 4s *5",000 1941 27,000 J a Wabash Ry ref & gen 5Ms A._1975 ARef & gen 5s (Feb '32 coup) B '76 42,000 134,000 ARef & gen 4Ms series C 1978 ARef & gen 5s series D 30,000 1980 9,000 Walker (Hiram) G & W deb 4 Ms 1945 28,000 Walworth Co 1st mtge 4s. 1955 6s debentures 1955 Sale 83 M Sale 111 110 30M Sale Sale Sale 40,000 Vanadium Corp (Am) conv 5S-.1941 A O Vandalia consol g 4s A 1955 F A Consol 4s series B 1957 UN Vera Cruz & Pacific RR— *a4Ms July 1914 coup off 1934 * a4 Ms assented _1934 166,000 Virginia Elec & Pow 3 Ms ser B..1968 20,000 Va Iron Coal & Coke 1st g 5s—1949 Va & Southwest 1st guar 5s 2003 First cons 5s 21",000 1958 217,000 Virginian Ry 1st & ref 3 Ms ser A 1966 29M 105 M Ask Ask Bid Sale 78 109 M 110 90 Sale Ltdeb g 5Ms 1947 346,000 Warner Bros Pictures 6s debs. 33,000 t a Warren Bros Co. deb 6s Warren R R 1st ref gu g 3 Ms. Wash Cent Ry 1st g 4s 9,000 Wash Term 1st guar 3 Ms 1,000 1st 40-year guar 4s Bid Sale 110 25 Sale Sale Sale Sale 1953 Lowest July 31 July 1 1944 M S United Drug Co (Del) 5s UN.JRR& Canal Co gen 4s_. ♦1 lUnited Rys St L 1st g 4s— a6Ms series C_ *2*666 ASinking fund deb 6 Ms ser A 1947 35,000 United Stockyards 4 Ms w w 1951 333,000 Utah Light & Trac 1st & ref 5s _ .1944 536,000 Utah Power & Light 1st 5s—■_ 1944 71*666 RANOE Jan. 3 $ 393,000 5,000 42,000 366,000 4,000 239,000 61,000 50,000 30,000 19,000 347,000 394,000 569,000 21,000 80,000 2,000 2,000 30,000 141,000 1,000 18,000 61,000 137,000 2,000 219,000 12,000 13,000 PRICES IN JULY Price BONDS n. y. stock exchange July Value EXCHANGE-BONDS such a the companies. Deferred delivery sales, only transactions current month, and not included of in year's range n Under the rule sales, only transactions of the current month and not included in year's range. r Cash sales, only transactions of the month, and not included in year's range. current 1 105 M July 1 106 M July 100 Jan. Mar. 31 110 1 107 M Mar. 103 M Apr. Buenos Aires 3s, 1984, July 11 at 47H. t Odd lot sales, not included in year's range: Home Owners 2Xs, 1949, July 28 at 99"»i. x 0 Ex-interest The following cash sales during the current month and e were are transacted not included In the monthly or yearly range: No sales. z The following deferred delivery sales were transacted during the current month and are included in the monthly or yearly range: not Adriatic Elec. 7s, 1952, July 17 at 49H-', Berlin Elec. Elev 6Xs, 1956, July 17 at 28XCuba 5s, 1949, July 18 at 102 H. New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING JULY 1939 Stock Sales July 1 to July 31 Jan. In accordance with 1938 1939 Shares. Bond Sales rule or the Stock Exchange, effective Oct. ots except In the case of stocks which sell only in a small way. a 1939 July, 38,773,575 155,938,758 18,067,920 126,832,005 Jan. 1 to 3, 1915, all stock* July 31 are now 1938 .$119,431,000 956,026,000 quoted dollars per share. Prices $178,265,000 1,046,892,000 are on a basis of 100-share 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 In Price STOCKS July Shares 4,800 40 30 1,800 23,600 1,400 1,700 18,500 2,800 11,400 July 1 Par 24,800 Abott Laboratories 960 434 conv preferred * 650 Abraham & Straus * 45 45 139,400 32,200 28,400 29,300 3,900 8,800 197,900 Alleghany Ludl'm Steel Corp * 21,360 Allen Industries Inc. 1 66,000 Allied Chem & Dye * 10,100 Allied Kid Co. 5 65,800 Allied Mills Co Inc * 355,700 Allied Stores Corp. * 13,400 5% preferred 100 400 4,700 2,000 35,500 10,300 430 9,100 6,600 320 12,100 200 18,100 3,800 19,000 100 2,000 10 1,500 3,500 1,500 200 3.700 600 11,400 25,600 12,100 8,300 1.000 26,100 2.500 9,200 5.700 2,300 6,800 24,300 3,000 9,700 3,400 11,900 200 990 71,500 17,000 25,800 103,600 3,800 4,800 4,100 1,910 42,400 1,300 1,400 20 10 — 968,900 Am Radiator & Stand San—* Preferred 100 12 11,400 78,000 557,400 5,700 36,200 45,900 129,300 2,500 1,478,100 11,500 122,200 2,780 7 34 734 Sale Sale Sale Sale Sale 62 4754 Sale 1934 Sale 254 Sale J* Sale 854 Sale 634 554 454 834 1454 734 7 534 934 1534 834 158 654 1234 19 954 16034 172 12 1034 1154 11H Sale 61 Highest July July July July July July July J* July 734 July Lowest Sale Prices 53 Apr. 11 120 Apr. 10 65 17 130 28 4334 12 3834 834 2334 2254 5834 8 July 24 July 17 July 28 July 22 July 25 July 19 July 18 July 22 July 19 July 17 1154 8 Sale 63 67 Sale 3234 Sale 1534 154 Sale 14 1634 6134 6354 1134 1234 934 6954 3554 Sale 1 54 July July 21 Sale 1 634 July 954 July 22 Sale 8 1 534 July July 25 8 3 534 July July 21 10 14 5 July July 21 Sale 3 1534 July 2054 July 25 1034 834 July 12 1034 July 21 Sale 160 3 17234 July 25 July 1034 July 25 1134 UVs July 21 Sale 3 1134 July 1254 July 28 8 Sale 1 10 July July 24 67. Sale 6 July 6954 July 31 Sale 3134 July 3 3834 July 18 13™ 1634 1734 154 Sale 1534 July 154 July 16 July 6934 Sale 63 64 6234 July 18 2254 Sale Sale 18 1734 1754 July 33 Sale 2734 Sale 2734 July Sale 11 11 1354 Sale 1134 July 60 53 52 53 5234 5434 July 6 5 Sale 434 454 July Sale 36 38 4334 44 3634 July 132 132 Sale 135 132 134 July Sale 94 95 9834 Sale 9234 July 17634 173 176 176 17534 177 July Sale 19 2154 Sale 1834 1934 July Sale 34 34 36 38 3634 July Sale 1534 Sale 1834 Sale 1534 July 115 98 100 100 110 105 July Sale 123 123 130 12534 129 July 1.734 6 10 15 234 13 July 8 5 634 Sale 554 554 July Sale 634 Sale 734 Sale 63s July Sale St' July 834 834 854 834 6734 75 79 7754 7534 7434 July Sale 334 234 Sale 334 234 July 9 6 454 554 534 July 534 Sale 234 254 Sale 234 July ViSale 1634 Sale 2254 Sale 1654 July Sale 6 7 834 Sale 534 July Sale 13 34 14 Sale 1334 July Sale 13 13 1334 July 1354 Sale 334 Sale 454 Sale 334 July Sale 30 2734 2934 3334 3434 July Sale 49 51 5354 Sale 5034 July 2 2 234 Sale July 20 1934 2034 Sale 1954 July Sale 434 5 534 Sale 454 July Sale Sale Sale 1534 July Sale 44 46 54 5134 July Sale 1134 Sale 1234 Sale 1134 July Sale 3 234 254 234 July 40 28 28 Sale 2934 July 122 111 120 Salb 12434 120 July Sale 24 Sale 2434 2434 2154 July Sale 334 Sale 534 Sale 334 July Sale 3654 Sale 3654 July 4534 Sale Sale 32 40 34 Sale 3134 3134 July Sale 1154 Sale 1234 Sale 1134 July 18 Sale 15 17 . o \l% iiM LSM dll Sale Sale 73 Sale Sale Sale Sale Sale Sale Sale Amer Steel Foundries. * I 40 American Stores— * 9 American Stove Co —* 14 American Sugar Refining..100 22 Preferred ...—100 91. Amer Sumatra Tobacco —* 1834 Amer Telep& Teleg.. .100 150 American Tobacco... —25 8554 Class B 25 8834 6% preferred — 100 14654 American Type Founders.—.* 8 Am Wat Wks & El..........* 14 $6 1st preferred * 7734 American Woolen—.......— * 634 Preferred 100 40 Amer Zinc, Lead &iSmelt_—l 754 55 prior conv pref 25 31 Anaconda Copper ....-.50 3534 Anaconda Wire & Cable * 52 Anchor Hocking Glass Corp * 1954 56.50 conv preferred—...* 112 For footnotes see page 40 Sale Sale 1234 12 54 American Rolling Mill ..25 434% conv preferred..-.100 Amer Safety Razor ...18.50 American Seating Co —* American Ship Building ..* Amer Smelt & Refining * 14,400 Preferred. 100 11,400 American Snuff—.........25 940 6% preferred 100 309,700 50,100 117,600 Sale Sale 193 378,500 27,400 42,400 21,200 9,220 352,400 43,000 6,800 13,800 1,400 8,700 90,500 1,000 3,300 3,000 12,000 250 Colortype 35,700 Am Com Alcohol. 20 Amer Crystal Sugar Co.. —10 3,660 6% 1st preferred —100 80,100 Amer Encaustic Tiling. 1 2,000 Am European Securities * 114,700 Am & Foreign Power * 101,700 $7 preferred— * 49,400 2d preferred A * 47,000 $6 preferred * 13,000 Am Hawaiian Steamship....10 115,800 American Hide & Leatner—1 13,600 6% preferred 50 44,400 Amer Home Products 1 56,900 American Ice— * 18,200 6% preferred 100 54,300 Amer lnternat Corp * 199,900 Amer Locomotive.. * 20,360 Preferred 100 78,100 Am Mach & Foundry —* 24,400 Amer Machine & Metals * 111,200 American Metal * 1,800 6% conv preferred 100 6,620 American News Co new * 429,500 Amer Power & Light * 103,600 56 preferred.. * 139,800 55 preferred * 11,900 1,200 40,500 Sale 33,106 600 734 1 J* _ Sale Sale 1634 Sale Sale 1834 Sale Sale Sale 148 Sale Sale 82 Sale Sale Sale 38 Sale 55 Sale 11334 156 1234 1 18 1 134 1634 6554 1934 3634 1454 5434 19 6 29 18 WA 1334 July 18 July July July July July July July July July 1234 Sale 1334 1354 89 Sale 2634 Sale 1434 Sale 1234 1254 1634 1754 82 8154 2234 July 1034 July July July July July July July July July July July July July July July July July 1134 July 1654 July 8134 July Sale 1554 18 1654 1634 July 15734 Sale 15734 July 16734 Sale Sale 8054 Sale 84 8054 July 83 54 Sale Sale 86 8334 July 14934 Sale 146 15134 14934 July 534 Sale 554 July 834 Sale 1134 Sale 834 July 82 87 83 94 9234 July 4 4 434 454 434 July 31 33 34 34 32 3434 July Sale 534 Sale 454 July c 24 32 22 Sale 30 Apr. 8 Mar. 31 Apr. 8 Apr. Apr. 4534 Apr. 54 Jan. 6 54 Apr. 117 Apr July July July July July Jan. Mar. Jan. Jan. 28 Jan. 4 4 Mar. Jan. Mar. 5 8 14 654 10 934 6 5434 28 11 Jan. 10 Jan. 10 Jan. 8 3 9 4 4 3 21 June 29 June 29 15134 Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Jan. 8 Jan. 4 11 Jan. 3 11 Mar. 1 Jan. 5 10 8 1254 Apr. 134 June 29 4 1334 Apr. 50 Apr. 11 16 Apr. 26 1034 Apr. 14634 July 18 43 July 17 27 July 28 11334 July 31 3 May 25 Jan. 26 28 26 29 29 7 21 27 29 18 25 26 5 4 3 Jan. Apr 3534 12934 5934 18 12 3 Jan. June 29 1134 11 6 4 5 1154 1034 24 26 7 July 28 Jan. 6' 50 38 22 2634 Sale 39 39 4134 3834 Sale 263-s Sale 2154 112 11234 11334 Sale June Jan. Jan. 10 8 1 3 20 May 25 ii$ May 15 162 June 29 2254 Apr. 11 7234 Apr. 10 1554 Apr. 10 20 July 19 3434 Apr. 10 53 % Feb. 17 14034 Apr. 14 68 3 153 May 2034 Apr. 834 Apr. 9 Apr. 1534 Apr. 7534 Mar. 1434 Apr. 148 Apr. 73 Apr. 7534 Apr. 147 8 3 Jan. Jan. J* 1 Prices July 24 3i* 1534 Sale 67 2234 Sale 11 1034 1134 Sale 17 1654 22 112 July } 3334 3134 654 1934 1934 152 5434 1154 1134 34 17 25 25 1 Highest July 18 26 June 29 July 25 July 18 1054 Apr. 11 7 50 July 24 May 24 7 July 22 334 Apr. 8 7 1 4434 July 28 3154 Apr. 13 135 July 31 125 Apr. 11 3 9854 July 28 8334 Apr. 11 5 179 July 19 16734 Mar. 3 3 2434 July 18 1734 Apr. 11 6 32 4054 July 21 8 Apr. 1 13 34 Apr. 1854 July 21 8 20 100 July 20 100 8 May 3 129 July 21 10934 Apr. 20 20 10 10 July 20 July 20 12 654 July 18 534 Apr. 8 1 754 July 19 554 Apr. 10 1134 10 834 July 17 634 Apr. 11 1034 22 78 Feb. 11 61 78 July 19 1 334 July 18 1 254 Apr. 554 13 554 July 26 6 454 May 26 3 2 254 July 25 8 354 Apr. 3 2254 July 31 1234 Apr. 10 2254 7 5 834 July 31 954 Apr. 10 6 10 1734 July 31 Apr. 11 1734 26 15 12 1354 July 13 8 Apr. 1 July 25 534 234 Mar. 31 13 July 25 8 2554 Apr. 3534 55 3 55 July 25 4154 Apr. 11 1 254 July 18 154 Jan. 24 254 15 21 July 24 1434 Jan. 23 2 6 7 July 25 434 Apr. 8 TV 1 14 54 Apr. 2054 July 22 8 3054 3 43 June 30 7934 5534 July 18 1 11 1334 July 18 8 1554 Apr. 3 234 Apr. 11 334 July 24 434 3 3134 July 18 2654 May 17 4034 26 120 July 26 11734 Apr. 20 12434 3 2434 July 14 3 x26 2154 July 1 7 July 26 354 Apr. 10 8 47 32 July 27 8 4954 Apr. 3 28 4154 July 27 8 Apr. 1 3 1234 July 1 5334 July 3 1134 July 5 12 July 3 27 Sale 26 2834 29 July 19 Sale 46 3834 Sale 3834 July 1 13334 135 13834 14034 £133 34 July 6 65 6534 68 6534 6534 July 3 149 152 152 153 July 5 53 87 July July July 156 Sale SINCE JAN. Sale Prices Sale Prices 58 July 118 1434 1234 1254 1834 27 34 1034 18,200 American Lowest Ask Sale I 6434 Sale 58 12134 12534 132 140 130 45 3754 43 4254 4454 33 36 3134 3854 34 Sale 8 Sale 654 22 Sale 22 2334 22 21 2034 22 2134 2134 4754 Sale 5434 Sale 4754 Sale Pref series A $30 warr'ts.100 Pref series A $40 warr'ts_l66 Pref series A $36 ex-war_100 $2.50 prior conv pref * * July 31 Ask Bid Sale 21,900 Alpha Portland Cement * 22,400 Amalgam Leather Cos. Inc 1 1,300 6% cum preferred 50 56,606 Amerada Corp * 32,400 Am Agric Chemical (Del) * 55,760 American Airlines Inc 10 72,500 American Bank Note .10 4,650 6% preferred 50 53,900 b American Bosch Corp—...1 61,300 Am Brake Shoe & EYty... * 1,790 534 % conv preferred 100 96,900 American Can— —25 8,500 Preferred ..100 160,900 Amer Car & Foundry * 27,100 Preferred 100 128,310 American Chain & Cable * 1,600 5% preferred —100 11,666 American Chicle— * 30 Am Coal Co of Alleg Co N J.25 335,600 101,200 6,000 36,200 19,400 Bid Sale 1 34 — 50,700 19,300 2,000 3,500 1,500 193",500 Sale * 330,500 Allis-Cnalmers Mfg 890 61",506 2034 Sale 124,900 Air Reduction Inc * 17,500 Air-Way ERec Appli Corp * 174,400 Alaska Juneau Gold Min—10 170 Albany & Susquehanna RR.lOU 14,000 4,400 2,800 4,200 3,300 1,100 Sale * Miflis * 18,860 Addressograph Multigraph-.IO 10,600 Adams 123,060 Allegheny Corp 600 5834 130 25 13", loo 8,700 43,600 2,000 37,700 Ask 100 52,500 Acme Steel Co 127,000 Adams Express 20,956 RANGE 1939 Jan. 1 Shares PRICES IN JULY Jan. 3 N. Y. STOCK EXCHANGE Since Jan. 3 July 25 Jan. 3 Jan. 6 Jan. 4 Jan. 4 July 31 Jan. 3 July 19 Jan. 4 Jan. 5 Jan. 4 Mar. 9 July 21 Apr. 5 Feb. 24 Jan. 5 Jan. 4 July 19 Jan. 4 Mar. 22 Jan. 20 July 31 Jan. 5 July 31 Jan. 7 Feb. 2 May July May May 31 25 10 15 Jan. 5 Jan. 5 3 Jan. Jan. 5 Jan. Jan. 4 5 Mar. 20 Jan. 3 Feb. 6 Mar. 11 Mar. 11 Jan. 4 Jan. 5 Jan. Jan. 4 Mar. 1 3 Jan. 4 Mar. 10 Jan. 5 June 21 June 13 July 6 Jan. 4 July 26 Feb. 18 11 Jan. 3 7 Jan. 9 8 Jan. 4 10 11 11 4 434 Mar. 31 834 Apr. 11 78 Apr. 10 8 354 Apr. 2854 Apr. 10 434 Apr. 10 24 Apr. 11 2054 Apr. 11 35 Apr. 11 8 1334 Apr. Ill Jan. 23 Mar. 11 Jan. 19 Jan. 16 May 26 Jan. Jan. 5 20 Mar. 10 Jan. 10 Jan. 10 Jan. 5 Jan. 7 5 Jan. 4 July 28 June 3 Jan. 32 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES In Price July Shares 400 3,600 400 1,700 16,000 3,000 10,766 1,900 19,400 10 20,700 500 400 300 290 75,100 3,800 20,300 300 700 13,200 700 33,100 1,700 600 130 1,800 4,400 1,000 200 239,600 96,000 76,300 39,500 20,200 ♦3,700 450 8,300 900 320 17,400 33,500 250 7,800 300 "'Boo 4,200 100 86,400 11,000 1,900 8,300 184,000 6,600 4,400 2,500 8,300 21,900 240 July 1 Par 700 Preferred 100 13,400 Armour (Del) 7% preferred. 100 222,700 Armour of Illinois— .5 20,100 $6 convertible preferred * 400 7% preferred 100 105,000 Armstrong Cork Co — * 28,600 Arnold Constable Corp... 5 75,600 Artloom Corporation * 190 7% preferred 100 136,000 Associated Dry Goods 1 4,200 6% 1st preferred 100 2,900 7% 2d preferred 100 3,600 Associated Investment Co...* 1,610 5% pref with warrants..100 490,000 Atchison Top & S Fe 100 44,500 5% preferred— —100 119,700 Atlan Coast Line RR 100 12,600 Atl G & W I SS Lines # 24,200 5% preferred 100 120,900 Atlantic Refining.. 25 5,600 4% conv pref series A—100 193,000 Atlas Corp.. 5 15,100 6% preferred 50 7,300 Atlas Powder. * 1,620 5% preferred 100 7,400 Atlas Tack Corp * 21,300 tAuburn Automobile. * 10,300 Austin, Nichols & Co -* 1,470 $5 prior A...... ..* 668,800 Aviation Corp (Del) The. 3 347,100 Rights... Baldwin Loco Wbs vt tr ctfs.13 2,500 460 1,050 4,900 42,100 46,700 700 5,900 6,900 37,500 52,300 1,700 7,300 5,100 13,300 46,200 11,300 64,700 300 23,900 21,800 330 49,900 3,760 24,200 10,500 2,700 58,500 23,200 2,500 390 6,000 1,600 4,800 19,900 1,500 1,200 5,700 200 9,300 15,700 10,000 85,700 30 34,800 2,000 2,400 300 500 2,400 5,000 3,500 830 16,700 300 140,800 3,220 25,300 110 2,800 23,800 260 800 2,000 800 30 119 120 X 27% Sale 4 116% 47 Sale 35 56 65 45 57 % 11 Sale 35 Sale 9% II* M 8% Sale 6% 6% 38% H 43 10% 9% Class B * Bond Stores Inc 4 Borden Co (The) ...15 Borg-Warner Corp 5 Boston & Tylaine 100 Bower Roller Bearing Col—17 g JBush Term Bldgs— Depos. ctfs. 7% pref Butler Brothers 5% conv preferred Butte Copper & Zinc Byers Co Partic preferred Byron Jackson Co Calif Packing Corp. 5% preferred 96% Sale. 97 98 Sale 25 67% Sale 55 29 58 30 16% 19 it* Sale Sale Sale 25 53 16 22 % Sale 38% 111 8% Sale 44 43 Sale 108 126 6% 73 80 59% 58 60 35 8% Sale 35% Sale 6 6% 7% 10 11 20 19% Sale 104 109% 111 9 7% Sale 44% 45% 47 50 51 117 119 ~~6 % 4% Sale 2 2 119 Sale 3% Sale Sale 4 29 32 18% V m Sale 5 5% 1% 2% 20 19% Sale Sale 17% Sale 10% Sale L23 Sale 7% Sale 72% 75 29% Sale 19% Sale "55" Sale" 78% Sale 17% Sale L13 Sale 25 Sale no" 8 100 19 8% "21% Sale" 19% Sale 52% Sale 47 46% 51% Sale M* 105 19 Sale 107 Sale 16% Sale 9% Sale 20 17 31 Sale Sale 24% 43% 46% 34% Sale 28% Sale L07 Sale 52% Sale 12% 13% 16% Sale 32 Sale 2% Sale 26% 27 6% Sale 15% Sale 31% Sale 39% Sale 43 1% Sale 2% 9% Sale 12% Sale 40% Sale 17% Sale 31% Sale 13% Sale 11% Sale 95 96 7% Sale 51% 5% 32% 28% 14% 18% 2% Sale Sale Sale Sale Sale Sale Sale 40 18% Sale 20% 19% 108 Sale 59 Sale 20% 20 Sale 21% Sale 2 1% 25 25% 6% 9% 18% 38% 48% 1% 9% 11% 38 Sale Sale Sale 17% 126% Sale Sale Sale Sale 49% 1% Sale Sale 39 9 50 12 51 13% 17% Sale 50 1 5 9% 55 Sale 5% aV/a Sale 50 Sale 45 39 4 Sale 31 32 44* si* 37% 80 Sl3,e* 13% »* Sale Sale W* Sale 109 Sale 95 Sale 70 Sale Sale Sale Sale Sale 5 92 11 Sale 10 Sale Sale 4% 5% 20% Sale 30 Sale Sale Sale Sale Sale Sale 40 Sale Sale 20% Sale 21% Sale 25% Sale 2 2% Sale Sale Sale Sale 41) Sale 8 72% 21 19% 52% 38 51% 16% 105% 19 16% 9% zl7% Sale Sale 10% }\X 7% Sale 12 71% II* 51 1 5% 11% 43 23 3 Sale Sale Sale Sale 52% Sale Sale 11% Sale 48 4% Sale July July July July July July July July July July July July July July 18% July 20% July July July 19% July 20 July 21% July 2 July 25% July 6% 9% 18% 38% 49 11% 39 21% 35 13% 7% 96% 4% 34% 3% 23% 17% 13% 11% 1% 11% 6% 20% 2% 9 52 13% 17% 52% % 5% 9% 16% 43 3% 31% 4% 32 34 Sale 40 45 35 83 85% 16% 80 15 15 July July July July July July July July July July July July July 108 58 a\x 2% July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 2% 3% 2% 2% AX 73 71% 73 Jt'X Sale 118 % 118% 114 112% 118 41% Sale MX Sale 41% 106 Sale 105 103% 105 Sale 21 21 27% Sale 102% Sale 107% Sale 101% July Sale 11% Sale 10% July W* 66 66 Sale 65 July 19% 20% 19% 20% 19% July 3% Sale 2% Sale 2% July 112 112 111 m* 111% July Sale 4 4% 3% July 5 Sale 4% 4% 4% July 4 % July 4% ,4% 5% 90 95 91 86% 89% July 62 90 7 10 1 5 3 1 5 18 5 3 10 6 July July July July July July July July July July July July 116 June July July July 18 July July 13 30 29 26 45% WX 36 17% 9% 101% AW* 49 4% 31% 22% 18% 14% 1% 11% .8% 22% 3% 12% 72% 13% 20% 53 1 6% 13% 20% 45 4% 33 40 85% 16% 3% 79% 118% ♦*§■» 106 28% 109 WA 204® 112% 5 5 <&X 95 July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 25 25 25 27 18 24 24 24 26 10 22 28 29 22 24 22 28 25 28 18 20 21 24 21 22 28 31 19 18 7 1 17 24 27 21 18 18 29 18 17 24 18 18 24 25 31 28 25 24 17 27 26 10 17 31 21 28 4 Jan. 5 4 Jan. Jan. 4 11 Jan. 5 Feb. 28 19% Jan. Jan. 29 5 4 Mar. 23 126% July July 73% Jan. 29% Jan. II* S* 25 31 25 3 Mar. 11 July 21 Mar. 11 4 Jan. 11 Jan. 7 Feb. 28 3 22% Jan. 4 17% Jan. 23% Mar. 11 Feb. 24 44 3 34% Jan. 3 28% Jan. 18 Jan. 115 27 116 22 July 29 59% July 25 16% Jan. 28 Jan. Jan. 25% July 24 114% Jan. 16 28 July 24 102% July 13 118% Apr. 1% Apr. 19% Apr. 11* %# June 19 Jan. Jan. 21% July July July July July July July July July July July July July July July July July July July July July July July 3 33 Mar. 26 % July 11M SB 6 5 8% Jan. 12% Jan. 2% July 29% July 4 9 ft* 16% Apr. 21% July 3 3% Jan. 30% Jan. ll¥* Apr. 104 51 July 59% July 20 Mar. 15 8% 10% 30% 87% 17% June 24% July 23% July 116 5 47% Mar. 8 66% Jan. 3 17% Apr. 48% Apr. 38 July 50% June 15% Apr. 99% Apr. 15% Apr. 14 Apr. 8% Apr. £17% July 35 Apr. 17% July 112% July 24% July 20 July 4 15 15 127 Jan. 11 10 6% Jan. 5 10 4% Mar. 10 70 Mar. 16% Apr. July July Mar. 18 July 98 4 5 4 23% Jan. 10 110% June 6 9% July 21 113% Apr. 7% Apr. 65% July 12 71 15% Apr. July 20 30% Jan. 3 10% Mar. 14 110% Apr. 17 Apr. 126% July 9% July 72% July 26 %July 20% July 55 42% Jan. 10% Apr. 6 Apr. 24% Apr. £12% Apr. 5 102% July 47 38 100 9% Apr. 4% July 5 Apr. 19 Apr. 65 15 9 6 4 Mar. 15 June 12 June 6 June 1 60 Jan. 4% Apr. 1% July 2 Apr. 18% June 3% June % June 13% July 6 July 8% July 25% July 69% July 14% July 8% July 30 July 14% July 25% July 114% July 28 10% Jan. 78 23% Apr. 51% Apr. 15 Apr. 6 Apr. 10 Apr. 18% May 104% Apr. 7 Apr. 43% Apr. 50% June 28 125 Sale 12X8 Sale Sale 33% 7 July 21 7,% 8 13 % July 19% July 29 20% 107 107 July 26 110 Sale 1 7% July 9% 5 Sale 47 45% July 52 8 54 55 July Sale 117 July 20 119 3 6 5% 4% July Sale 1% July 10 2% 2 1 Sale July 2% 22 19% July 13 23 Sale 1 3% July 4% 1 % July % il* 23% 22% Sale 114% 117 22 36 July 98% July 31% July Sale 20% 21% 36 34% 34% 36 16% Sale 13% Sale 9% Sale 7% Sale 96 98% 101 103% 4% 5% Sale 4% 44% Sale 34% 36 4% Sale 3% Sale 24 31 24% 30% 17% 18 20% *2\X 17% Sale 13% Sale 13% Sale 11% Sale 1% 1% 1% 1% 6% 21% 2% 1 61 Sale l&x 28 1 5 8% Apr. 11 15% Jan. 1% Apr. 2% Jan. 21 Apr. 29% Jan. 116 July 121% Jan. 97 May 105 June A; 3% Apr. 6% Jan. 33% Apr. A 52 Jan. Mar. 31 50 65 Jan. 33% Apr. 58 Jan. 9% Apr. 13 Mar. 5% Apr. 10% Jan. 73 Jan. 95 July 5% Apr. Jan. 70 41 Apr. 30 Apr. 20% July Sale 29 27 July 9% July 76 July 59 %i July 6 62% 17% 58 95 3 12 3 38 36 20 15% July 9% Sale 72% 74% 25% Sale 20% Sale 55% 54% "t* it* 43% July 22 11% July 18 10% July 22 55 18 Sale Sale 51 Sale Sale 5 30 125 10 3 Sale . 21% 16% * Century Ribbon Mills.......* 230 Preferred 100 Tor footnotes see page 40« Sale Sale 96 99% 28% 29% 17 120 July 104% July 4% July 39% July Sale 65 67 67% Sale 13% 13% 11% Sale 11% 7 8% 6% 6% JX 31 29 30% 28% 28% 13 13% 13% Sale 13% 20 20 19% 24% Sale 114 112 113 113% Sale 23 26% Sale 22% 102 102% 104% 109% 102% Sale Sale 7% preferred .—.100 Caterpillar Tractor.. * 5% preferred —.100 Celanese Corp. of America * 7% prior preferred 100 Celotex Corp new * 5% preferred 100 Central Aguirre Associates * Central Foundry Co 1 Central 111 Lt 4%% pref—100 ... Sale 18% 10% July 2% July 27% July July July 64 Sale Carpenter Steel Co 5 Carriers & General Corp 1 Cash (J I) Co ....100 Central RR of N J Central Yioleta Sugar Co. L14 10 Campbell W & C Foundry.._* 10 Sale .30 5 * 100 * Callahan Zinc-Lead 1 Calumet & Hecla Cons Copper 5 35% July 10 July 6% July 95 July 7% July 70 July 58 July 35% July 95 July Sale Sale 8 100 50 11 Sale 73 25" * Sale 90 95 Sale Boeing Airplane Co 11 65 7% Sale 90 Sale Sale 34 Sale Bohn Alum & Brass Corp....5 Bon Ami class A. * 9% July 2 July 25% July 116 July 101% July 3% July 36% July 42 82 29% 85% 20% 12% 29% 18% 20% 5 Sale 66% Sale Barnsdall Oil Co Highest Sale Prices 34 % 94 71% Sale 50 Lowest Sale Prices Sale Sale 5 21 5%% preferred.... Highest Sale Prices 75 10 % 65 52 % 4 * Sale Sale Sale Sale Barker Bros 10% Sale 2 27 101% 103% 101% 103 6 77 10 10% 2% 25% Sale 100 ..25 17,200 Cannon Mills. _* 9,200 Capital Admin Co Ltd cl A..1 800 $3 preferred class A......10 2,350 Car Clinchfield & Ohio Ry 100 1% 25 8 Canada Dry Ginger Ale 180 Canada Southern Ry Co 323,400 Canadian Pacific 9,800 25,400 38,600 5,280 149,000 2,800 443,900 8,530 188,200 1,360 25,500 119,700 2,160 6,600 15,800 5,500 8 Ask 10 Brewing Corp of America..3 Bridgeport Brass Co * Briggs Manufacturing * Briggs & Stratton * Bristol-Myers Co 5 Brooklyn & Queens Transit..* $6 preferred * Bklyn-Manhattan Transit * 64,500 $6 preferred series A * 275,200 Brooklyn Union Gas * 4,100 Brown Shoe, Inc. * 92,800 Bruns wlck-Balke-Coll * 173,200 Bucyrus-Erie Co 10 1,520 7% preferred 100 328,500 Budd (E G) Mfg * 16,050 Preferred 7%.. 100 107,000 Budd Wheel * 56,900 Bulova Watch * 41,800 Bullard Co * 129,700 Burlington Mills Corp 1 120,000 Burroughs Add Mach * 21,700 Bush Term Co 1 3,380 68,200 14,200 49,000 72,400 7,820 25,400 63,800 2,000 282,000 137,900 55,900 334,900 14% Sale 2% Sale 28% Sale 121 % 101 & 102" Lowest Sale Prices July 31 Ask Bid —100 - 72,100 213,200 440,200 8,500 33,600 33,800 47,600 258,000 Bid 4% preferred ——100 Bangor & Aroostook 50 5% conv preferred 100 Barber Asphalt Corp —10 Baltimore & Ohio. Bayuk Cigar Inc— * 630 1st preferred -.100 34,300 Beatrice Creamery 25 2,300 $5 preferred with warr .* 40 Beech Creek RR Co 50 5,200 Beech-Nut Packing .20 33,600 Belding-Heminway 800 Belgium National Rys part pref 845,400 Bendix Aviation Corp 5 67,700 Beneficial Indus Loan Corp..* 19,700 Prior pref $2.50 div ser '38.* 21,000 Best & Co * 1,434,700 Bethlehem Steel Corp (Del)--* 44,400 5% preferred... 20 28,300 7% preferred 100 22,800 Bigelow-Sanford Carpet Inc. * 27,900 Black & Decker Mfg Co * 137,400 Blaw-Knox * 1,410 Bloomingdale Bros * 470,300 25,600 4,160 5,710 36,000 320,900 296,500 10,400 28,400 Ask Bid 11% 5% 7% 220 Blumenthal & Co pref—-.100 58,706 1 1939 5,100 Andes Copper Mining Co.-.20 2,800 APW Paper Co— * 13,500 Archer Daniels Midland * 591,900 305,300 95,900 20,000 2,110 75,400 12,400 2,130 221,500 109,400 RANGE SINCE JAN. Jan. 3 Shares 400 PRICES IN JULY STOCKS N. Y. STOCK EXCHANGE Since Jan. 1 29% July 5% Apr. 15% 31% 40% 51% Apr. 11% Apr. 11 June 1 Apr. 6% 5% 18% 2% 7 25% 11% 13% 48% % 5 9% 12 Mar. Apr. Apr. June Apr. Apr. Apr. Apr. Mar. Feb. Apr. Apr. Apr. 43 July 3% Apr. 29% Apr. 4% May 35 July 77 Apr. 13% Apr. 2% July 66 Apr. 110 Apr. 38% Apr. 103% Mar. 13% Apr. 84 Apr. 109 Mar. 3% June 3% Apr. 3% Apr. 85% June 8 Jan. 4 Jan. 5 July July 25 27 Jan. 20 24 24 24 26 29 2 § 22 6 13% Jan. 101% July 29 Jan. Jan. Jan. 34% Mar. Jan. 30 % 4 4 4 9 5 18% July 28 3 18% Jan. 5 2% Jan. 13 9% 23% 4% 13% 72% 17% 20% JuneJ9 Jan. 3 Mar. 6 Mar. Jan. 4 9 July 31 Jan. 5 June 20 53 July 7 2% 8% 17% 20% Jan. 17 47 Jan. 5 Jan. 4 Jan. 18 Jan. 12 3 6% Jan. 34% Mar. 11 Jan. 9 42% Feb. 17 85% July 17 20% Jan. 14 Jan. [3 94% Mar. I 9 122% Mar.'3 55 Mar. 11 9 i°7 % Jan. 28% July 28 July 25 109 10 Apr. 64 Apr. 18% Apr. 2% Apr. 3 25 13% July 14 July 45% July 29% July 36 Apr. 17% July Jan. 16 25 7% Feb. 27 8% Apr. 16% Apr. 31 Apr. 41 % Apr. Apr. Apr. Apr. Apr. Apr. 9% Apr. 7 Apr. 94% Apr. 4 Apr. 29% Apr. 3 Apr. 21% Apr. June 21 21% July Jan. 32 2% Mar. Jan. 4 72% Mar. 14 22% Jan. 11 3 5% Jan. Jan. 12 9% Jan. 5 3 113 5% Jan. Mar. 11 95 Feb. 24 Aug., 1939] N. Y. STOCK EXCHANGE—STOCKS 33 AGGREGATE SALES In July Shares 300 3,100 1,000 5,700 50.000 1,600 1,200 2,000 1,500 4,300 2,000 4,900 5,400 700 - 11,300 500 400 1,600 600 500 700 . 1,300 10,000 77,000 358,700 2,153,700 78,400 21,200 16,500 980 50 120 1,300 6,600 12,800 28,300 70 7,200 ' - - M - 18,400 44,300 20 5,300 290 400 150 . 24,200 500 21,700 900 82,400 132,600 29,800 20,000 800 10 520 1,100 16,600 138,800 7,500 3,600 59,000 2,000 2,800 : 791,800 Commonwealth Edison Co 800 3,300 48,900 48,400 36,600 1,500 3,500 5,700 16,100 200 600 19,100 510 25,100 2,000 900 2,700 30 1,100 6,300 5,800 72,200 22,800 50 30 8,400 500 500 3,800 80 23% Sale 10 Sale Sale 87 3% 89*6 3 % Sale 3% Sale Sale Sale Sale 3B Sale Sale 98*6 17% 7% 19 20% Sale 9414 Sale 114 2 H M 1% Sale 11% Sale % % % % % Sale 1%. 2 30 % „ Sale 36 11% 38}4 47 % B ilH ,13 X 44% % Sale Sale Sale 8* 9 Sale 8 11 Sale 33 35 83 Sale 10 Sale l%% 35 50 Sale 9% 275H 28 w 80 67% Sale 12 Sale 91*6 Sale 62 50 60 2% 17% 17% 4 % Sale 22% Sale 36% Sale 3 28*6 Sale W* 42 77 Sale 60 Sale 2514 Sale 7,400 62,100 88,200 651,700 236,400 45,800 11,500 111,500 4,700 289.200 48,900 127% 131*6 Sale 59 % 60 14*6 Sale 102 >4 103 35*1 105 Sale 107 21% Sale 6% Sale 914 Sale 7% 7% 130 % 123 101 19 21 Sale 2 % Sale 2% 11% Sale a% Sale 2 5a Sale % Sale 1% 2 14% Sale 34 35*6 46 48*6 % Sale % Sale Vs % 8% Sale 11*6 12 8% Sale 30 82 48 3 Sale 36*4 July 2854 July 133 30*4 July Sale 123 July Sale 60*4 July Sale 14*4 July 106 105*4 July Sale 25 July 109 107*4 July Sale 12*4 July Sale 3*4 July 5% 454 July 5 4 July Sale 25 107 % 108% 12%. Sale 3% 5% 3% . Sale 4% Sale Sale Sale Sale 93 Sale 92 15 Sale 9% 28% 29 3014 7?* Sale 57 Sale 86% Sale 109 % Sale Sale 108*6 109% 11*6 Sale 4V' 18*4 July Sale 18 July Sale 91 July Sale 854 July 27% 26 July Sale 5*4 July Sale 84 July 78% 73 July Sale 43*4 July 110 108*4 July Sale 48*4 July 111 109 July Sale 9 July Sale 1*4 July Sale 60 July Sale 28*4 July 73 107*6 108*6 60 Sale Sale 65 Sale 50 114% Sale Sale Sale Sale 61 5% 25% Sale iP 102 Sale Sale 6% Sale 6% 9 78 86 Sale 8 81 82 Sale 90*6 1% Sale A* Sale Sale 106 % Sale 9% Sale 6*6 9% 3 Sale Sale Sale Sale Sale 94 Sale 2 2 Sale Sale 93% 94% Sale 53 66 176 Sale Sale Sale Sale Sale ..* Sale Sale * Sale * 40 Crown Cork & Seal $2.25 conv pref w w Preferred ex-warrants 177 5% 1 Sale Crosley Corp (The)— 58 Sale Sale" 25 preferred Sale 177 % Sale 176 % 4% 100 conv aW 20 Sale Sale Cream of Wheat Corp (The)—2 5% Sale Sale Sale 27% Saie l Crane Co Sale Sale Sale Sale 113% 6% 33% Sale Sale Continental Oil of Del 101 Sale 1654 Sale 1*4 Sale 97% 98% Sale 112% 113% KB 11% Sale Sale 43 % Sale 99% 16*6 19% Sale 20 New _* 5 104% 32 Sale Sale 35*6 33*6 Sale * 201,900 Crucible Steel of America--100 Preferred —100 9,300 Sale 20% 99% 30% 10% 20% Sale Sale 139,700 Crown Zellerbach Corp $5 conv preferred 4,090 2,530 46,800 2,370 19,500 61,400 49,300 1,098,700 311,700 Cuba rr 6% preferred 100 Cuban American Sugar—.10 Preferred ———100 Cudahy Packing—— 50 3% Sale Sale 83 Sale 1 9,500 Davega Stores Corp....—.5 Conv 5% preferred—.....25 4,300 10,900 Davison Chem Corp (The)—-1 1,790 Dayton Pr & Lt 4%% pref.100 Sale Sale Sale Class A page Sale Sale Sale Wright Corp.—..1 ...— lee Sale Sale Sale Sale 350 Cushman Sons 7% pref.... 100 $8 preferred-270 * ..» 61,600 Cutler-Hammer Inc For footnotes Sale ...—* Preferred Curtiss Sale Sale Sale Sale Curtis Publishing Co (The)-.* 40. 9*4 July 23*4 July 3654 July 95*4 July 2 July July 2*4 July 13*4 July July July July 2 July 14*4 July 3454 July 48 July July July July 9 July 11*4 July 954 July 32 July 84*4 July 14% July 9654 July 52 July 3*4 July 2554 July 11% a¥A 91 48*6 80 Sale Sale 7 18 5% 18 Sale 107*6 110% 6*4 July 2154 July 6*4 July 43 35*4 130*4 13054 61 *4 17 *4 July July July July July 25 29 6 31 31 July 22 107 18 33 25 July July 10854 July 1654 July 4*4 July 6 July 5 July 24 21 *4 July 27 12 13 18 18 86 \ 10 *4 54 54 7*4 10 7 25 5354 9 79 Sale 111% 1754 July 6*4 July 82 July 87 July 1 *4 July 9*4 July 29*4 July 106 July 6*4 July 7*4 July 1 July 2 July 9*4 July 98*4 July 9*4 July 1354 July 1 *4 July 94*4 July 35*4 July 112 July 6*4 July 33*4 July 2 July 21 July 19*4 July 53*4 July r60 July 17554 July 5*4 July 3*4 July 154 July 19*4 July 100 July 30*4 July 10*4 July 20*4 July 35 July 31 July 9*4 July 77 July 2654 July 63 July 3 July 3*4 July 54 July 11*4 July 4*4 July 45 July 4 *4 duly 2354 July 80 July 55 July 14*4 July 454 July 17 July 5 July 111*4 July Feb. Mar. Jan. 1*4 Jan. 4 Jan. 4 Jan. 4 3*4 20*4 38*4 48*4 J* Jan. 4 Mar. 14 Mar. 11 Feb. 6 Jan. 5 Jan. 3 Mar. 1*4 9 Jan. 5 13*4 Jan. 33 Jan. 3 11 85*4 Mar. 9 14*4 May 23 97*4 June 10 Jan. 50 58 15 26 3 Mar. 11 69 Feb. 115 Feb. 9 30*4 July 28 July 2*4 Apr. Apr. Feb. Jan. 3454 Jan. 21*4 Apr. 127*4 Jan. 114 Apr. 58 Jan. 11*4 Apr. 101*4 Feb. 20*4 Apr. 100 Apr. 11*4 Apr. 3 Apr. 4*4 Mar. 4 May 14 Mar. 11 4*4 Jan. 10 78 45*4 May 2 5 60*4 Jan. 35*4 July 29 135 133 62 Mar. 16 Jan. 6 Mar. 2 17*4 July July 36% Jan. 10854 July 2354 Jan. 107 7 IB # 49 July 554 July July 80 July July July July July July July 42 106 9 3 June 554 Apr. 73 Apr. 79*4 Apr. 1*4 July 8*4 Apr. 27 Apr. 10154 Jan. 454 Apr. 7 Apr. 1 July 154 Apr. 9 Apr. 93*4 Apr. 9*4 June 11 *4 Apr. 1*4 Apr. 88 Apr. 17 31 5 18 29*4 25 154 20 20 7 16 22 49 18 54*4 24 13 171 3*4 5 3*4 27 154 25 18 19*4 93 28 2654 27 7' ' 13 20 25 i!?* 21 7 22 18 25 18 19 26 24 20 18 17 20 19 28 5 25 21 19 21 13 Apr. Apr. Apr. Apr. Apr. 4 21*4 July 27 2154 July 27 94 July 19 4 1554 Jan. 30*4 Mar. 6 83 Feb. 9 Mar. 14 Feb. 8 57 Jan. 9 91 3 109*4 Mar. 20 60 110*4 1354 2*4 7054 3154 7 5*4 June 454 Apr. 17 & 4 Feb. 5*4 74*4 62*4 3854 105*4 5 12 Jan. 3054 Jan. 7*4 23 54 22 18 954 Jan. 7*4 Jan. Apr. 14 73 4 Mar. 13 Apr. 39*4 July 114 July 7*4 July 37*4 j ily J7/8 July 23 July 29 July 59 July 63 July 176*4 July 554 July July July July July 32 July 11*4 July 2654 July 36 July 3354 July 11*4 July 81*4 July 3554 July 72 July July July July 12 July 4*4 July 4 5 3*4 Jan. 13*4 Mar. 11 3 % Jan. Apr. Apr. June June June Apr. Apr. June June Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 5 2154 July July 82 July *90 July 154 July 11*4 July 33*4 July 5 107*4 July 11 7 July 8 July 154 July 254 July 11*4 July 101 July 12 July 1854 July S/s July 99 July 8 9 June 27 Jan. 4 19 6*4 July 25 25 Mar. 22 7*4 July 112 x25% 40% 95*4 354 54 Mar. 21 Jan. 3 July 25 29 19*4 5*4 17*4 6*4 4 1 *4 4554 z25*6 3154 July 55 4 11 1*4 Apr. *4 May 44*4 Jan. 30 #154 May 32 5 13 102 Jan. 9% *4 *4 54 1*4 52*4 jan. 47*4 Jan. Apr. Apr. Apr. Apr. Apr. Apr. Jan. Jan. Apr. Apr. Apr. Apr. July Mar. Jan. Apr. 2154 July 27 94 July 19 10*4 July 17 28 July 26 8*4 July 27 87*4 July 18 79 July 21 50 July 18 109*4 July 26 55*4 July 27 110 July 11 1254 July 25 154 July 12 7054 July 26 27 *4 8 8 Apr. 17*4 June 654 Apr. 17*4 Apr. 27 Apr. 109*4 June 20*4 Apr. 7454 Jan. 113*4 July 30*4 July 9 Sale Sale Sale Sale 92% 48,400 Coty International Corp 341,800 24,700 23,200 66,900 117,300 1,400 7,700 8 100 1 3% July July 8% July 19 m July 30*1 July 93 % July 154 July % July 1*4 July 11 July % July % July *6 July 1 % July 1154 July 32*4 July 45 July % July 54 July 54 July. 8*4 July 10*4 July 754 July 31 July 67*4 July 12 July 91*4 July 50 July 2*4 July 18 July Sale 10 100 50 23% Sale 60% 14% Sale 105 105% 17 95 Sale Preferred Sale 13% Sale 60% 100 Consumers Pow Co $4.50 pref_* Container Corp of America 20 Continental Baking Co class a Coty Inc 35 92% Sale Sale 16% 16 H v t c ._5 Continental Steel Corp * Corn Exch Bank Trust Co--20 Corn Products Refining 25 98 98 2 $4.50 preferred ..* Continental Diamond Fibre-.5 Continental Insurance 2.50 Continental Motors 1 27 18 18 24 17 31 6 5 22 18 13 13 17 21 25 26 28 21 17 25 18 28 18 26 25 11 14 6 18 24 100 19% 20% 8% 9 22% Sale 3414 Sale 95% Sale 6*4 Apr. 22*4 Apr. 42 3% Sale 8% preferred July July 99 . 1 1 5 June 29 32 32% July 6% July 27*4 July Sale c-25 176,750 Continental Can-—-. 13 25 18 Sale Sale 36% 28% 1% Sale ion Sale 31H Sale * 39*4 July 8*4 July 32 July Sale 68 22,400 Consolidated Film Industry 1 $2 partic preferred 47,900 * 450,420 Consol Edison Co of n y Inc-* $5 preferred 76,000 * 59,100 Consol Laundries Corp.__5 507,000 Consolidated Oil Corp— * 15.000 Consol rr of Cuba 6% pf_100 Class b Highest Sale Prices 8 A* Sale 5% preferred Lowest Sale Prices 111% 112% 111% Sale 11154 July 22% 23% 23 *4 July 28% Sale 76 74% 77 77% 7% Sale 29*6 Sale v t Highest Sale Prices 70 Sale * 17,800 Conde Nast Publications * 62,400 Congoleum-Nairn Inc 900 Congress Cigar _ * 770 Conn Ry & Ltg 4% % pref—100 258,700 Consol Aircraft Corp 1 10,300 Consolidated Cigar * 270 7% preferred 100 6 %% prior pref 3,260 100 Consolidation Coal Co Lowest Sale Prices 30% 99% 19 9 ~ Ask Sale 19,600 400 30 8% 32% Sale 6% Sale 27 28 27*6 Sale 2,000 5,400 10,700 59,000 37,800 17.900 1,750 17,700 101% 102 Mi July 31 Ask Bid Bid 25 3,900 16,000 29,800 9,800 24,100 2.50 2.50 30,200 6% preferred series a 100 1,630 5% preferred 100 10 174,000 Commercial Credit 2,700 4%% conv. preferred 100 * 183,900 Comm'l Investment Trust $4.25 conv. pref ser of 1935-* 3,300 * 750,600 Commercial Solvents 949,000 Commonwealth & Southern--* $6 preferred 181,300 * 15,900 2,000 10,200 113.700 188,900 103,300 300 100 100 * 22,900 Columbian Carbon v t c 34,500 Columbia Pictures Corp v t c_* $2.75 conv preferred 3,700 * 1,095,100 Columbia g & el common---* 258,100 5,000 — 100 4% 1st preferred 4% 2d preferred Columbia Broadcasting 90,400 System Inc class a Class b 37,575 50 — * 3,940 1,360 18,100 6,000 2,800 3,900 - -* Class a 5,920 Colorado & Southern 2,330 •» Preferred 349,600 Colgate-Palmolive-Peet Co * 9,000 6% preferred 100 * 72,900 Collins & Aikman 3,320 5% preferred 100 39,200 Colorado Fuel & Iron Corp__* 500 12,500 Sale 127 5,900 71,000 100 50% Sale 11*6 Sale 42 100 580 30,800 Coca-Cola Co (The) 700 1,100 10,200 25 Chrysler Corp 5 City Ice & Fuel * 6% preferred 100 City Investing Co 100 City Stores 5 Clark Equipment * Clev Cine Chic & St l ry— 5% preferred 100 Ask 111 10 6,500 172,600 * - Bid 3,680 Cleve Elec 111 $4.50 ser pref—* 30,300 Cleve Graphite Bronze (The)_l 270 Cleve & Pitts rr Co 7% gtd_50 90 Special gtd 4% stock 50 175,300 Climax Molybdenum Co * 331,100 Cluett Peabody & Co * 790 ~ Childs Co 770 Chile Copper 40 1 1939 July 1 Par 122,800 Cerro de Pasco Copper * 1 181,100 Certain-Teed Products 6% prior preferred 18,410 100 Champion Paper & Fibre co— 1,500 6% preferred 100 Common * 26,100 -.5 8,400 Checker Cab 33,900 Chesapeake Corp * 399,900 Chesapeake & Ohio 25 Preferred series a 100 14,500 9,900 {Chic & East 111 rr 6% pf_100 22,600 {Chicago Great Western—100 21,700 4% preferred 100 26,800 Chicago Mail Order Co 5 29,300 {Chic Milw St Paul & Pacific.* 33,600 5% preferred 100 76,200 {Chicago & North Western_100 Preferred 100 13,300 97,800 Chicago Pneumatic Tool * $3 conv preferred 9,000 * Prior pref ($2.50 cum ciivs) * 3,800 ,9,400 {Chicago r i & Pacific 100 * 9,600 7% preferred 100 7,400 6% preferred —100 4,100 Chicago Yellow Cab * 10 19,400 Chickasha Cotton Oil-- 14,200 18,600 1,270 RANGE SINCE JAN. Jan. 3 Jan. 1 Shares PRICES IN JULY Price STOCKS N. Y. STOCK EXCHANGE Since 8 Jan. 3 June 21 Feb. 25 Feb. 6 July July 26 29 June Jan. 1 5 16 5 3 25*4 Jan. 8*4 Feb. 28 85 Feb. 27 x90 July 13 2*4 Jan. 5 12*4 Mar. 10 35 107*4 7*4 9*4 3*4 1 V* Mar. 10 Mar. 6 Mar. 10 Jan. 6 Jan. 5 Jan. 3 Jan. 10 101 July 25 16*4 Jan. 3 1 22*4 Mar. 2 100 44 116 Jan. 3 Mar. 3 Jan. 4 May 31 1054 Jan. 37*4 July 4 5 25 Jan. 16 June 31*4 Jan. 3 Apr. 29*4 Jan. 4 5954 July 18 66*4 Mar. 10 Jan. Apr. Apr. 17654 Jan. 6 Jan. 6% Mar. July July 4*4 July 27 July 25 June 38 Apr. 110 Jan. 32 Apr. Apr. May Apr. 9 Apr. 75 Apr. 24*4 Apr. 35 28 13 9 Jan. 3 Jan. 3 July 27 Apr. 29 41*4 40*4 37*4 1454 Jan. -'3 Feb. 28 Jan. 4 91 Jan. 10 Mar. 4754 Jan. 4 4 June 96 Jan. 6 July 3 Apr. 49 Apr. 1054 Apr. Apr. Apr. Apr. 19*4 Apr. Apr. 6 Jan. 21 62 3 th Jan. 3 2 4 Jan. & 9 July 3§* 8* May May 17 Jan. 3 Jan. 3 84 13 54 Apr. May 3 55*4 June 17 4 24*4 Jan. Apr. Apr. Apr. Apr. 17*4 Mar. 10 3 8*4 Jan. 112 July 13 itH io!h Jan. June 20 N. Y. STOCK AGGREGATE SALES PRICES Price STOCKS 97,100 6,200 10,520 5,360 39,300 136,200 516,800 39,300 29,200 107,500 6,600 Bid Ask -* 2034 20 2454 15 10 Delaware & Hudson 100 24 X Del Lackawanna & Western.50 8 IDenver Rio Gr & West pf_100 IX Detroit Edison 100 11334 Devoe & Raynolds A — * 3054 Diamond Match -* 30X Partic 6% preferred. .. ---25 42 Diamond T Motor Car Co—2 m Distil Corp-Seagrams Ltd....* 20 84 5% peer with warrants—100 Dixie-Vortex Co * 1234 Oiass A 34 X Doebler Die Casting Co 22 X * Dome Mines Ltd * 33 Deere & Co Preferred Deisel-Wemmer-Gilb Corp. _ . Douglas Aircraft Co Inc Dow 25 1554 Sale Sale 114 24 Sale 32 Sale 4354 Sale Sale 86 Sale Sale Sale Sale 78X Sale 132 X Sale 1 _ Eastern Rolling Mills 5 Eastman Kodak Co of N J---* 954 3034 1254 3234 6454 1634 1134 12 115 Sale Sale 123 11734 Sale 7% Sale 184 Sale 2 * 5 Eitingon Schild Electric Auto Lite Sale (The) 3 Electric Boat 3X Sale 3434 Sale 15 X Sale 1 124 25 Sale 2134 3254 4254 534 Sale 654 Sale 1834 Sale 90 11 1734 82 Sale 1134 3354 Sale 1754 Sale 33 9 13 118 1154 112 13 118 7 Sale 115 454 334 43s 17134 15734 160 July July July July July July July July July July 11 July July 15 1 5 354 July Sale 159 July 3 July July July July July July 12 234 July 234 654 July Sale 23 July 24 2034 July Sale 2534 July 27 54 July 1 Sale 3234 July 3834 July 3834 3934 3934 106 108 10534 July 106 Sale 934 July 1234 Sale 76 July 7634 Sale 8034 85 July 8354 8534 Sale 89 July 87 93 34 9134 34 July Sale 134 134 July 134 154 134 234 July Sale 3 234 134 July 134 Sale 154 354 July 454 434 454 Sale 654 July 834 834 Sale 1734 July 1934 Sale 134 July 134 134 Sale 434 July 454 33 Sale Sale 2634 July 24 24 Sale July 24 X 1434 July 1634 Sale 1434 92 July 95 9134 93 12 26 18 134 3534 30 Sale 1834 Sale Sale 1034 Sale 1834 134 2834 954 6 5 1 1 1 July 1954 July 534 17234 17434 2634 1934 154 36 34 1154 Mar. 9 2734 July 1654 June 2534 Jan. 834 Jan. 134 Jan. 12434 July 3254 Jan. 3434 July 44 54 July 954 Jan. 2034 Mar. 11 24 90 18 Mar. 31 July July July July July July July July July July July July July July 6 4 4 4 28 11 26 13 4 1 31 July 1234 Jan. 3534 Jan. 2234 Jan. 34 July 7854 Jan. 8 5 354 Julv 13834 Apr. 26 18634 173 July 12 183 34 2734 1534 Apr. 11 1934 1834 June 13 354 134 June 29 3834 2234 Apr. 11 834 Apr. 10 1554 July July July July July 2 10 8 10 11 8 10 Apr. 10 3034 Jan. 26 56 Apr. 11 10134 Apr. 11 135 6 Mar. 31 1134 9 June 29 1934 10 14 Apr. 14 108 Apr. 12 115 12634 Apr. 11 160 12934 July 25 142 11734 Jan. 26 12334 4 11834 11534 Jan. 1954 1234 Apr. 11 10 118 173 22 175 July 1 160 July 14734 July July 12934 July 25 140 120 6 12134 July July 116 1554 Apr. Apr. 1154 Apr. 1234 Apr. 4 Apr. 34 July 103 Apr. 1834 Apr. 28 Apr. 39 Apr. 534 Apr. 1534 Apr. 7954 Jan. 954 May 23 July 1154 July 3354 July 18 July 34 July 74 July 131 'July 954 July 1134 July 14 July Sale 2034 21 1754 1 854 134 Sale 28 X Sale 954 Sale 18 90 180 171 July July July July July July July July July July July 120 Sale 139 119 116 15 July July July 21X 2734 1634 1854 534 18 54 12434 2534 3434 44 X 734 1834 15 July July July 9 15934 Sale 13134 13154 121 121 12334 11654 11734 Sale Sale 1854 Sale Sale 14734 954 3034 3234 6434 Sale 1054 Sale 14 1334 9 173 118 Sale 6954 Sale 11834 12434 Sale 116 Highest Sale Prices 434 July X July Sale 43 1734 8334 1034 3234 13 34 3254 80 Lowest Sale Prices 1834 July July 1454 July 14 July 16 Sale Sale „«M Highest Sale Prices 26 Sale Sale 6 100 17534 Sale 4 2534 Sale 6% preferred Eaton Mfg Co Edison Bros Stores Inc 27 1534 Sale 1734 534 54 11834 12134 Sale 2434 Sale 3334 o Sale 2034 Sale 1534 14 4 Sale * Dunhill International Sale Sale 1834 2634 1334 Lowest Ask Ask Bid Bid * Mfg Co Duplan Silk -* 250 8% preferred .100 110 293,700 Du Pont de Nem & Co (E I) .20 154 6% non-voting debs 100 138 24,300 $4.50 preferred * 119 8,100 3,040 Duquesne Light 5% 1st pf_100 11614 ---1 1634 304,900 Eastern Airlines Inc 38,200 171,300 1,840 113,500 5,000 95,800 481,900 309,100 Sale * Chemical Co Dresser 1 Sale Prices July 31 July 1 Par 28,200 SINCE JAN. RANGE 1939 Jan. 1 Shares 465,700 26,300 14,400 286,000 174,300 8,300 11,400 12,340 37,900 16,800 IN JULY Jan. 3 N. Y. STOCK EXCHANGE Since EXCHANGE-STOCKS 9 16 3 Jan. 26 3 5 Jan. Jan. 13 June 19 5 Jan. 18 July 21 Mar. 10 June 13 Feb. July 27 Jan. 4 22 Jan. 5 8 Mar. 10 Feb. July 12 Jan. 4 Mar. 10 Jan. 4 Elec & Musical Industries— American shares 46,400 589,200 Electric Power & Light 1 preferred 204,800 preferred 61,000 41,000 Electric Storage Battery 8,100 Elk Horn Coal Corp 80,900 El Paso Natural Gas Co —* * * ..* * 3 50 6,500 Endicott-Johnson 5% preferred 100 6,030 -1 864,000 Engineers Public Service $5 conv preferred * 20,400 $5.50 preferred w w * 13,300 $6 cum preferred * 7,400 50,200 Equitable Office Building._..* 100 79,600 Erie RR _ 35,400 11,200 31,900 65,800 97,900 6,500 2,680 88,100 24,000 20,000 1,590 2,800 54,500 23,600 100 100 4% 1st preferred 4% 2d preferredEureka Vacuum Cleaner Ex-Cell-0 Corp 25 IX Sale 29 Sale 41 43 L1034 Sale 934 Sale 6634 6834 7134 Sale 76 78 4X Sale 2X Sale 43 Sale 2834 Sale 24 2434 IX 6X Sale 2X Federal Motor Truck * XFederal Screw Works * * 6% preferred series First National Stores A 100 ... Flintkote Co (The) Florence Stove Co.. * * * Florsheim Shoe (The) cl A—* JFollansbee Bros— * Food Machinery Corp 10 434% conv preferred 100 Foster-Wheeler 14 81 845 L07 115 4X Sale Sale 154 134 3 34 22 Sale 86 34 [07 X 87 3 54 Sale Sale Sale 90 Sale 4834 58 2954 Sale 2X 234 38 1954 Sale 134 8 14 Sale 95 101 * $6 preferred * 634 Sale 1854 Sale 5134 5134 9 100 Sale 10434 5 Sale 59 5 934 Sale * 133 140 5 434 Sale — $8 1st preferred General Bronze General Cable * Preferred 7% General Cigar Inc Sale * Class A Sale 100 72 Sale * 2354 Sale —100 127 130 - General Electric -* General Foods * 43 X Sale 39X Sale 114 $6 conv preferred A 910 * * 41,800 General Mills 6% preferred 100 7.170 10 2,472,200 General Motors Corp Preferred 5% .* 26,600 4,500 Gen Outdoor Advertising A—* 39 Sale 78 Sale ... - Common * 32,200 ...—1 29,200 General Printing Ink $6 preferred.. .* 1,020 .* 21,300 General Public Service 73,300 General Railway Signal—.—* 390 6% preferred —100 112,300 Gen Realty & Utilities Corp__l $6 preferred * 18,800 ... - * 134 12434 5034 12334 3434 634 1034 10734 134 26 X 90 Sale Sale 154 234 4154 654 Sale Sale Sale Sale 154 Sale 1934 Sale 4054 Sale General Shoe Corp 1 Gen Steel Castings $6 pref—* General Telephone Co 20 3054 Sale Gen Theatres Equip Corp...* Gen Time Instrument Corp..* 1454 1554 100 286,900 General Tire & Rubber Co...5 6 150,200 Gillette Safety Razor $5 conv preferred.,—.....* 17,800 125 31 434 734 10854 17 9934 23 54 Sale 834 Sale 51 Sale f* Sale 62 Sale 123 Sale 127 3334 454 8 10834 o 1434 Sale 86 8834 Sale 16* .1734 21 Sale 1634 15 "15" Sale 254 254 1034 11 July 234 July 1 July 54 July 22 July Sale 18 16 1134 1254 9734 1934 Sale 634 5034 Sale 5234 X 60 934 1134 9 1 18 12 7 5 6 10 7 11 1 5 5 12 1 11 3 13 20 5 10 1 10 21 1 39 2 Apr. 11 X Apr. 10 134 Apr. 13 69 654 July Sale Sale 100 46 834 14854 143 334 234 954 21 50 2034 116 3234 4234 115 Sale 65 Sale Sale 54 July 1 July 5 62 1." WA Sale Sale 53 5 July July July July July July July July July July July 1 26 1 27 6 12 7 10 5 1 12 July 1 July July July July July July July 19 1934 July 6 July 51 July 5 15 6 11 11 13 \VA 2534 July 634 July 5334 July Feb. 3054 154 3634 43 X Mar. Jan. 93 July 6 3 5 27 3 154 Jan. 254 Jan. 4 534 Jan. 4 $ f7* Jan. July 28 81 lH 8 July 1003-8 July 54 34 July 934 July 149 July 334 July 1334 July 2654 July 62 July 2154 July 123 July 3954 July 4754 July 11854 July X July 6534 July 99 July 123 July 4954 July 126 July 34 X July 4X July 934 July 109 July 134 July 1934 July 8734 July X July 1634 July 3034 July 1534 July 2234 July July July 1334 July 38 Apr. 10 134 Apr. 10 3 54 July 11 6 Apr. 11 14 34 Apr. 11 1 Apr. 11 254 Apr. 10 24 Apr. 11 20 Apr. 10 11 Apr. 11 93 June 23 Jan. 85 24 3 1854 Apr. 11 83 18 29 28 18 27 17 26 19 21 25 19 1 1 22 18 14 18 18 21 24 25 25 31 24 22 24 31 3 22 11 28 7 28 5 12 18 28 25 18 24 12 18 22 25 15 25 31 17 17 18 24 13 Apr. 1 27 54 Apr. 11 1654 1754 9934 3834 1634 Apr. 11 Apr. 10 5 554 Mar. Jan. 2434 Jan. 234 Jan. Feb. 43 Jan. 5 110 Apr. 34 June 30 X May 25 Jan. 13 6 234 Apr. 10 July 254 July 934 July 1134 July 100 July 534 July 1334 July 1 July 5 July 5 July 3 July July 10 5 July July 12 July 12 July 10 3 July 1 July 3 July July 24 6 334 Mar. 1254 Jan. 19 4134 Jan. 20 2 4934 105 23 Apr. 10 Apr. 11 8 Apr. Apr. 11 4 Apr. 28 Jan. 25 June 9 Jan. 38 7 Apr. 13 Jan. 30 £103 34Mar. 22 111 8 7 1334 July 25 Apr. 8 6234 Apr. 8034 June 21 87 June 13 8 6554 Apr. 3 July Jan. 634 2034 1854 23 34 54 1334 7934 8634 July 93 July 1 July 134 July 334 July 134 July 434 July 934 July 2034 July July July 3354 July 2534 July 17 July 9234 July 105 July 354 July 154 July July 2534 July 89 July 3754 July July July July July 38 July 2234 July 354 July July July July July July J* 38 July 2354 July 1254 July 4 1 2254 10534 5054 2234 9934 July .Sale 30 7 107 July 115 9 3254 2834 3554 1 19 July 754 July 'I* &* 1 8 12 2 9754 8634 120 12134 4154 4834 Sale 12334 12354 123 33 34 34 36 434 Sale 434 754 834 834 10754 10934 34 1734 1434 8534 88 8734 X 54 16 1654 2834 Sale 2134 1354 Sale 1454 17 2034 Sale 16 1754 Sale Sale 1054 1254 1234 "2234 6 3 154 July Sale S3 Sale 99 2334 25 8834 July 8834 Sale Sale July 3634 3654 34 -19 21 1754 20 1934 July 2054 Sale Sale July 10434 10534 104 46 54 July 4734 5034 Sale 18 Sale July 2154 Sale 32 July 32 3734 Sale 20 Sale July 2034 .21 2 154 July Sale 33 Sale 34 2734 July 10634 10754 10634 July "16" 1834 Sale 1534 July 74 67 74 July 75 Sale 234 July 254 0 V* Sale 33 3634 July 36 22 Sale 1954 July 2234 Sale 26 62 50 45 Sale Sale 1934 2034 21 11534 116 12434 131 Sale 38 Sale Sale 4754 Sale 118 11234 116 Sale 38 Sale 1 10 954 100 9934 115 454 434 1334 1254 1454 50 4634 4634 654 734 Sale 100 10034 46 4534 5054 834 854 834 14134 143 14734 3 234 254 934 Sale 24 1834 '2034 58^ iff* Sale 110 334 354 1* Sale 89 2 3 105 2434 154 aVA Sale $4.50 preferred.. * General Gas & Electric cl A..* 67 Sale Gen American Investors 40. 1954 10434 4634 1834 31 1934 154 2734 10634 1554 4 Gen Arner Transp Corp General Baking Co For footuotes see page 18 13 5 50 6% preferred 3434 1 Gaylord Container Corp 534% conv preferred 86,600 General Refractories 100 Sale Sale 34X Sale 18 24X 24 X Sale 9934 100 42 34 Sale 3154 Sale 34X 36 18 1934 2X 3 I* 1 86 X * * 100 10 460 Gannett Co Inc conv 29,300 Gar Wood Industries Inc 110 94 3 10 * $6 pref..* $3 preferred.. 17,400 5,790 Gamewell Co (The) 2,300 18,350 11,000 47,100 9,400 1354 9034 25 2834 A—..* 6X 13 10 21,800 Gabriel Co (The) class 40,500 Gair Co Inc (Robt) l¥> 254 134 434 654 1754 134 454 2634 3 Fajardo Sug Co Porto Rico..20 Traction 15 $6 preferred * Federal Mining & Smelting.100 rlH 8034 8434 Sale Sale — 3234 3734 10534 IX Sale 2 Sale Federal Light & 7% preferred Sale 4 Exchange Buffet Corp Fairbanks Co 8% preferred.100 Fairbanks Morse & Co * 470 7% conv preferred 12,300 Francisco Sugar Co 290 Franklin Simon pref 74,000 Freeport Sulphur Co. 25,100 1,460 1,321,800 282,100 8,100 76,600 30 13 140 Filene's (Wm) Sons Co. * 85,400 Firestone Tire & Rubber.... 10 9,700 3,200 41,300 1,400 77,710 101,700 1,580 18,300 202,000 30,700 5,100 234 634 2334 2034 5 17,600 Federated Department Stores.* 4X % preferred 100 6,500 79,400 Fidelity Phenix Fire Ins..2.50 14,400 3334 Sale Sale —5 Evans Products Co 34,100 Federal Water Service A 70,500 238,700 9,800 7,700 17,900 28,500 2,520 107,800 234 Sale 1154 Sale 37 X 234 Sale 834 Sale 3134 Sale 2734 Sale 28 2834 34 134 3434 Sale 334 154 2634 8954 3754 19 2554 Jan. 16 10534 8 5054 Apr. 8 3134 Apr. 38 6 25 Apr. 17 May 12 2234 3 54 8 134 Apr. 21 Apr. 14 3554 5 10834 10334 Apr. 1 14 X Apr. 2954 2 67 9054 May 8 3 3 20 27 15 4 Mar. 15 Jan. 6 Jan. 7 19 Mar. 11 Feb. 6 Jan. July 19 Mar. 17 Mar. June July 9 8 28 Jan. 4 July July July 27 17 26 Jan. 5 Jan. 11 5 Jan. Jan. 134 Apr. 10 May 29 1834 Apr. 26 535* Jan. 30 Jan. 6 9 13 3 10 3 July 21 10 4 Jan. 3 11 13 13 14 Jan. Jan. 32 134 Apr. 2 July 754 July 9 July 94 Apr. 354 Apr. 1254 July 4734 Mar. 534 May Jan. 96 40 Apr. 834 Apr. 134 Jan. 234 Apr. 22 101 10 21 June Jan. 11% Jan. 52 3 3 29 5 3 Jan. 17 9 Jan. 3 17 26 10334 Mar. 28 22 8 6034 Jan. 11 10 18 149 1 Mar. 31 9 Jan. 8 1754 Apr. 43 Apr. 10 1934 May 12 it* 35 75 Mar. July 5 9 21 Jan. 4 Jan. Jan. Jan. 4 3 4 6 2534 Jan. June 20 13034 Mar. 31 5 4454 Jan. Apr. 11 114 31 3654 Jan. 114 Jan. 27 10 Jan. 3 39 4754 July July 134 Jan. 6534 July 99 July 3 11854 54 Apr. 7234 Jan. 26 9 127 117 May 5154 3654 Apr. 11 8 12634 12134 Apr. 4 38 28 Apr. 634 434 June 29 7 Mar. 31 Apr. 54 June 14 Apr. 8734 July X June 15 Apr. 105 8 12 30 27 Feb. Jan. 1054 Jan. 15 110 30 Jan. Mar. June Mar. 154 Jan. 28 Jan. 31 3 5 11 28 27 9 8 28 5 3 6 20 5 9234 Apr. 6 Jan. 3 5 2$ Jan. Apr. 11 41 Jan. 4 1454 July 15 8 1534 July 15 32 X Jan. 4 1934 16 Apr. 15 Apr. Apr. May Mar. Apr. Apr. 28 9 34 1054 9834 1554 554 44 Jan. 1754 July 31 11 1534 Jan. 11 1654 Jan. 4 9 28 9934 Feb. 8 11 10 2754 Mar. 10 3 854 Jan. 26 54 Mar. 14 N. Y. STOCK AUG., 1939] 35 EXCHANGE-STOCKS AGGREGATE SALES July ' 300 12,000 4,000 250 17,000 21,000 5,300 3,800 5,100 10,500 1,900 11,600 125,800 3,100 230 lb",600 93,900 4,500 """250 200 1,800 900 160 17,400 700 60 100 6,100 170 2,700 40 10.600 2,200 23,900 800 120 2,100 391,200 34,200 733,100 22,000 24,100 1,230 150,800 96,200 22,000 26.500 20,900 51,800 10,700 104,000 650,000 46,300 2,610 10,500 180 11,800 700 25,400 1 Co—100 Goodrich (B F) $5 preferred Goodyear T& R 2334 2* 2* 65 2434 6434 8* Sale 47 Sale Sale 70 Sale Sale 15* 16* 18* Sale 44 40 2* 2* 74* Sale 15* 65* 3 2* 84 Sale 66* Sale Sale 25 * * 109 Sale 96* 101 5 Sale 100 Preferred 74 Graham-Paige Motors —1 Granby Consolidated Mining Smelting & Power Ltd 5 Grand Union Co (The) 1 83 conv preferred series * Granite City Steel * Grant (W T) 10 5% preferred-.20 Great North Iron Ore Prop—* Great Northern preL 100 Great West Sugar * Greyhound Corp (The)--. — * 5*% preferred— 10 Sugar * 8% preferred 100 Gulf Mobile & Northern—.100 100 25 25 10 * - 75 72 1* Sale * 7* Sale 12* Sale 26* 5* * 14* 10* Sale 23* Sale 14* V/s 18* Sale 26 5* Sale 135* 137 40 49* 27* Sale Sale Sale 105 100 Sale 138* 6 7234 3* Sale" 74* Sale 106 10634 11* Sale 109* 111 159* 16* Sale 8 z51 15* 41 2* 2* 82 15* 65* 25 100* 2* 72 ' * July July July July July July July July July July July July July July 1 10 7 56 3 17 17 1 e. 1 5 10 22 20 IP Sale 12* * 11* Sale 7* July 1* July 16* July 15 July 34* July 24* July 15* July 27* July 26 July 141* July 35* July 18 19* July 18 12* July 20 32 July 17 July 11* July Sale IP 14 15* 15 15* 100 102* 102* 101* 100* 101 19 24* 18* 144 120* 140 6* 6* 5* 90 85 90* 2* 2* Sale 109* 106* 108 11* Sale 121 108 12* 106 166 160 10* Sale" 13 67* 70 Sale 72* Sale 7* Apr. July 14* Mar. 34 May 2* Jan. 1* Apr. 17 28 28 11 x5l 31 17 23 3 13* Jan. 66* Mar. 11 5 24* Jan. 47 Mar. 7 3* Mar. 14 A* 70 Jan. 4 Jan. July 19 4 24* Jan. 13* Apr. 74* Mar. 16 Apr. 3 38* Jan. 21* Apr. 90 5 Apr. 109* Jan. Jan. 5 3 2* June 30 Mar. 80 3 69* June 2 1* Jan. 3 * July 20 53 _ 4* Apr. * Apr. Apr. 10 Apr. 24* Jan. 22* Jan. 12* Apr. 16* Apr. 24 Apr. 133 Apr. 42 May 24* Jan. 14* Apr. 10 Apr. * Apr. 9 Apr. 3 Apr. 11 Apr. 11 31* July 36 July 14* July 16 July 101* July 101* July 25* July 140 July 7* July 85* July 3* July 110 July 13 July 111 July 166 July 14 July Sale 35* July 25 3* July 17 3 2* July 84 July 19 20* July 18 69* July 18 32* July 22 105* July 26 4 July 24 74 July 13 * July 13 30* July Sale 35 July Sale 12* July 16* 15* July 103 100 July 101* 100* July Sale 18* July 135 135* July 7 6* July 94* 85* July Sale 2* July Sale 106* July Sale 11* July 113 109* July 169 162 July Sale 10* July rP if* Sale 6 44 jl5* July 4 July 20* July 31 12* 22 27 10* July 3 * July 17 July 15 35 July July 19* July 3 19 Highest Sale Prices Sale Prices 66 30* 31 33 32* 11* Sale 15* 16* 31 3 c 97 14* 34* Sale * 10* 99 1* 42 17 Sate Prices 5* July 1* * July Sale 14* July 15 11 July Sale 30* July Sale 23* July Sale 13 5* July Sale * July 25* 24* July 141 137 July 66 11* Highest Sale Prices 6* Sale 32 Sale 30 Sale Sale 42 Sale A* 72 4 31* Sale W Sale Sale 11$ 12* Sale Sale 3* 11* 30* 23* Sale 14* 13* Sale 25* 19*. 25* 25* 24* 139 137 133 20 1734 30 105 Sale Sale 45 3* Sale 2* 2* 83 75* 18* Sale 66* Sale Sale 30 Sale 30* Guantanamo 6% preferred----- Sale 3 80 c Sale 56 55 Lowest. Lowest Ask 38 Sale 45 * $5 preferred Gotham Silk Hosiery 540 6% preferred 100 19,400 Hat Corp class A 1 1.819 6 * % preferred with warr 100 69,700 Hayes Body Corp 2 25 10,800 Hazel-Atlas Glass Co, 306,700 Hecker Products Corp 1 3,000 Helme (G W) .... 25 7 % preferred 1,220 100 * 26,300 Hercules Motors 29 May 32 8 Jan. 15 99 96 17 * 130 A" Apr. Apr. Apr. May Apr. Apr. Feb. Jan. 2 Apr. Apr. 8* Apr. 109* July 93 159 Jan. 10 Apr. 8 10 10 8 27 23 7* Jan. 1* Jan. 16* July 29 Jan. 5 20 3 27 34* July 18 24* May 31 8 16* J an. 5 8 31* Jan. 4 10 28 14 141* 50 24 26 35* 11 8 Mar. 11 July 27 Apr. 4 July 18 9 21* Mar. 12* June 13 1 1* Jan. 9 8 18* Feb. 5* Jan. 6 4 Jan. 4 10 8 2 5 11 19 12 22 32* May 36 July 14* July 17* Mar. 103* Mar. 9 21 25 10 28 19 103 32 10 Mar. 17 20 144 May 29 July 18 7* 3 86 19 10 4* 11 110 10 Jan. 4 June 27 Jan. 5 July 29 13* May 29 27 117 Mar. 24 21 167 17 10 Jan. 5 86 Jan. 3 June 5 »•> Sale * 62,600 Hercules Powder 4,260 6% preferred 100 6,500 Hershey Chocolate 7,000 $4 conv preferred 2,300 Hinde & Dauch Paper Co—10 620 3,300 2,400 1 910 6% preferred100 1,310 Hanna (M A) Co $5 pref——* 45,900 Harbison Walker Rerrac * 600 70 preferred conv Sale Ask Bid Bid Sale 60 (Adolf) 5,400 Hackensack Water Preferred A 1,040 91,400 Hall Printing 3,100 Hamilton Watch 600 200 6,100 Glidden Co (The).— 4*% 13* * * 50 — $6 preferred Gobel Bid Preferred 100 20 Green Bay & Western RR-100 Green (HL) Co 1 118,600 878,900 46,600 11,700 1,210 3,100 11,000 ^ Ask Par Gimbel Brothers Goebel Brewing Co 700 Gold & Stock Teleg 20 63,700 3,900 98,200 3,000 2,400 July 31 July 1 272,500 11,830 82,100 4,800 118,500 51,100 1 1939 Shares 34,500 2,700 9,700 SINCE JAN. Jan. 3 Jan. 1 Shares RANGE PRICES IN JULY Price STOCKS N. Y. STOCK EXCHANGE Since In 134 132 56* 105 20 . 10 111* 5 * 100 210 Sale 98 69,700 Holland Furnace (Del) 1,430 $5 conv preferred 25,000 Hollander (A) & Son 25,400 Holly Sugar Corp VA Sale o 7% preferred 108,600 Homestake Mining 12.50 10,900 Houdaille-Hersbey class A—* Class B * 166,700 130 63* 62 60* 112* 109* 110 16 15 17* 39 35 37* 110 108 107* 9 7 7* 10* 11* 10* 95 95* 63* 62* Sale 35 34 35* 12* 10* 10* Sale 33* Sale 5 76 68* July Sale 130 July 28 133 64 63 * July 141 64* 114 115 110 July 17 17 July 18* Sale 35 41* July 109 108* 107* July Sale 7 9* July 10 10* 10* July 96 95 July Sale 64* 62* July 36 35* 34* July Sale 13* 10* July 63 Apr. 128* Apr. July July July July July July July July July July July July July 8 10 135* Jan. 28 64* Apr. 27 115 19 14* Apr. 17 51 1 31* May 105* Mar. 18 110 June 29 11* 7 Mar. 6 54 July 18 104 July 17 Jan. 7 15* July 10 95 May 10 104* Mar. 31 66* §8* Apr. 8 36* 27 8* Apr. 10 17* 10 Jan. Jan. 4 6 Mar. 9 Jan. 4 Jan. 12 May 11 Mar. 9 J an. 3 Household Finance— 3,100 600 15,800 7,300 1,700 400 16,200 10,800 33,000 49,500 4,100 560 L260 300 34,900 2,700 '"9", 166 44,400 8,200 32,700 9,300 310 900 39,200 2,600 1,400 3,100 33,200 2,600 46,700 2,500 2,400 95,400 500 66,200 52,200 1,100 1,380 3,600 2,500 1,500 500 75,900 12,200 7,600 110 1,300 2,300 80 2,300 25,500 80 1,800 2,100 10 1,900 800 500 "5,266 6,800 5,800 60 13,200 7,300 131,200 69,800 15,200 3,300 162,900 112,700 211,800 * Common stock Sale 104 Sale 8 Sale 5% preferred 100 Hudson & Manhattan 5% preferred 100 Hud Bay Min & Sm Co Ltd 100 Hudson Motor Car * 1 Hupp Motor Car Corp 100 414,400 Illinois Central 15,400 6% preferred series A 100 Leased line 4 % 5,390 100 RR sec stock ctfs ser A-1000 5,060 8,100 Indian Refining 10 129,800 Industrial Rayon Corp * 21,700 Ingersol-Rand 850 6% preferred 60,700 Inland Steel 250,500 Inspiration Cons 44,400 114,000 40,100 4,260 16,300 70* 100 Houston Oil of Texas v t c__25 Howe Sound Co 5 Insurancshares 50* Sale 1* Sale 4* 5* 34* Sale 8* Sale 2 20* aa 10* 24$ * 119 100 148 * Copper—20 Ctfs Inc tlnterboro Rap Trans 1 100 * 100 Interchemical Corp 6% preferred Intercontinental Rubber Sale 1 Sale Sale Sale 11* Sale Sale 96 Sale 92* Sale Sale 3* 8* Sale 765,100 International Nickel of Canada* 55* Sale 2,900 512,900 331,200 36,420 17,370 12,200 27,200 20,600 3.820 765,800 145,000 68,100 1,370 10,300 11,500 670 100 Preferred International Paper & Power 15 5% conv preferred 100 Internatl Rys of Cent Amer..* 5% preferred 100 * International Salt * -—50 International Shoe International Silver 100 7% preferred International Tele & Tel * Foreign share certificates— * Interstate Department Stores * Preferred10 Intertype Corp Island Creek Coal. $6 preferred . * -1 1 * 15,000 Jewel Tea Inc * 119,100 Johns-Man ville Preferred 100 1,200 11,800 Jones & Laugh Steel pref. .100 17,600 Kalamazoo Stove & Furn Co 10 440 Kansas City Lt 1st pref ser B_* * 34,900 Kansas City Southern 8,300 4% preferred 100 9,100 Kaufmann Department Stores 1 800 5% conv preferred — 100 5 19,800 Kayser (J) & Co 140 Keith-Albee Orpheum pref. 100 Kelsey Hayes Wheel— Convertible class A 1 44,400 Conv class B 1 69.400 700 Kendall Co 86 part pref ser A_* . For footnoes see page 40. 132 134* 14* Sale 51* Sale 3* 39 30* 32 4^ 30* Sale 25* Sale 84* Sale 9* . Sale 130 63* 18* Sale 11 99 14* Sale Sale 12* 105 Sale 87 95 13 Sale 8 Sale 91 Sale 12* 5* Sale 10 5 5* 24 5* 5* 25 Sale t* Sale 1* 17* 173 53* 162* 4* 2* 6* 45* 134 7* 28* 2* 1* 18* 93* 4 32* 7* 122 2* 9* 1* 20* 175 Sale 187 Sale 2* 7 Sale 137 Sale Sale IP 90 Sale Sale 9* 87 8 Sale 50* 134 9* 35* 79 Sale 40 44 18 .--- 16 8p 77 31* 33 94 6* 6* 10* 84 8* 20* 123* 124 67 9* Sale 14 24* 43 7 6* 28* 109* 9* rrW 79 26 102* 2* 2* Sale 1* 22* Sale 8 1* 19 173 84* 13* 5* 6* 33* 106* 3* July July July July July July July July July July July July July July July July 10* 2 23 187* 59* 164 6* 3 7* Sale 51* 136* 10* 37* 45* July 136* 135* Juiy Sale 7* July Sale 28* July Sale 4* July Sale 55 July 32 30 July 34 32* July Sale 21 * July 97 90 July Sale 5* July Sale 6 July Sale 9* July 85 100 July Sale 8 July Sale 19 July Sale 123* July 5 58 33* 34 26* 95 7* 7* 11* 85 9 21 124 July 25 July 25 July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 25 25 13 24 29 16* Sale 9* Apr. 16* Apr. 38* Apr. 5 Apr. 4* Apr. 16* Apr. 86 Apr. 147* May 67 Apr. 9* Apr. 4* Apr. 3* July 157* 3* 2* 5* 28 22 24 25 13 18 17 21 25 24 25 27 22 14 18 19 ill* 26 July July July July July 120 July July July 10* July 1V* 18 July 3 ^ |p 29 12 Mar. Jan. 9 20 9 Jan. 10 Jan. 5 8 2* Jan. 3 10 §8* Jan. 4 Jan. 3 49 Mar. 13 11 1 8 10 11 10 10 11* Jan. 8 8 8 26 6 16 Jan. 3 8 94* 17* 5* 9* 33* 106* 11 Jan. 11 Apr. 11 Apr. 11 23 Jan. 9 Jan. June 9 Jan. 4 Jan. 5 July 13 Mar. 1 July July 29 24 4* Jan. 4 15* 3* 8 27* Apr. Apr. 11 195* Apr. 11 66* 8 164 Apr. 8* Apr. 10 8 Apr. 4* Apr. 11 8* Apr. 4 Jan. 29* Jan. 3 119 11 152 55* 138 14* 51* 6* 60 « Jan. 4 Jan. 4 Jan. 4 Mar. 13 Mar. July 9 18 Jan. 5 Jan. 12 Jan. 5 Jan. 3 May 2 Jan. 3 Jan. 3 May 29 June 3 12 Feb. 10 May 19 Apr. 10 35* Jan. 21 31* Mar. Jan. 4 96 Mar. 24 5* Apr. 11 84 June 30 h 11* 120 9 9* Jan. 19 9* Feb. 28 Apr. 10 14* Jan. 3 Jan. 9 87 June 9 June 6 10* Jan. Apr. 4 21 June 20 5 Jan, 27 125 Mar. 14 85 8 105 3 133 July 18 Jan. 3 June 9 64 Jan. 4 8 10 27 188 11 Apr. 11 8* Apr. 24 28 Feb. 4 12* Apr. 11 Apr. 25 July 28 7* July 28 85 July 31 7 Jan. 20 4 Jan. 12 9 Jan. Jan. 11 85 9* July 6 July 79 July 55* 1* 5* 35* 8* Jan. 6 68 Apr. 65* Apr. 122* Apr. 35 Apr. 13 Apr. 117* Jan. 5* Apr. 13 82* 129* 48* 19* 13 10 Jan. 97 14* July 73* July 31 8 21 110* June 22 6 8* Jan. 30 8 17* Apr. 8 Apr. 1 2* Apr. 7* Apr. 10 8 1* Apr. 155 48 95 10* 11* 6 * Sale 85 Sale Apr. Apr. 4* June 40 Apr. 1 July 3 Apr. 25* Apr. 4* July 1 / Apr. 16 97 92* 61 103 90 85 85 79 July 84 Sale 67 July 77 128 July 129* Sale 42 July 45 47* 19* 17* July 18* 120 July 120 6* July 7* Sale 19 15* July 18 9* July 9* Sale 90 liv° 5* 3* 53* 54* Sale 164* 161 * 4* 6* Sale 2* 2* 2* 6* 7* 6* 25* 76 14 88 Sale 163 Sale 127* 130 119* 6* 15* Sale 106* 108 4 53 31* 32* 21* July 31 July 25 July 21 July July July 34 July 6 Ouly 1* July 154 17 120 11* 22* 102 69 19 73* Sale 105 6 Sale Sale 82 10* 124 24 44 42* 7* 6* 6* 5* 27* Sale 109* Sale 80 5* 6* 9* 79 20* Sale 122 23 19* 40* 73* 110* 6* 48* 1* 4* 10* July 19 July 39* July 6 July 6 July 20* July 97 July Sale 84 Sale 9* Sale 1434 Sale 76 9 Sale 102* Sale * 100 85,900 International Mercan Marine.* 38,000 Internation Mining Corp 1 13 10 14* Sale 2* Sale 25* Sale --* 180 184* * 60* Sale 247,600 International Harvester 13,400 159* 7% preferred 100 157 7* Sale 217,000 Internat Hydro-Elec Sys A-25 27,000 Internat Agricultural Prior preferred 9,200 28,000 Int. Business Machines 1 Sale 70* 4* 734 c 28* Sale * * 381,300 Interlake Iron Sale 66* July 110* 109 July Sale 5* July Sale 45 July Sale 1 July 4* 3* July Sale 30* July Sale 4* July Sale 1 July Sale 152 Sale 16* 10* 18* 39* 5* 2P Sale 93 63* 66* 73* 109 106* 109 5* 5* 5* 45 48* 42* 1 * 1 1 4* 3* 2* Sale 34 30* 5* 4* Sale 4 Mar. 13 17 99* Jan. 18 July 28 Jan. 18 95 Apr. 10 Apr. 10 14* Mar. 10* Mar. June 21 92 Jan. 8 8 11 36 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES Price STOCKS July Since Jan. 1 Shares 120,60C 6,900 3,400 1,800 10 1,020 23,900 700 3,900 45,300 1,150 270 6,900 600 15,900 5,600 40 7,000 3.100 700 14,700 3,500 2,400 26,600 3,400 3,500 1,300 8,000 700 300 6,100 3,300 6,800 8,400 31,700 300 771,600 11,400 2,200 3,500 140 13,100 380 2,000 4,400 1,500 20 11,400 27,200 1,900 4,700 1,200 300 1,590 77,300 2,400 800 29,100 1,170 49,600 85,400 2,000 6,800 9,800 30 6,200 1.400 600 230 3,300 24,000 100 5,800 900 8,400 19,700 5,600 290 4,400 20 100 1,900 5,500 4,840 110 6,200 18,600 14,500 18,800 490 4,600 90 6,100 600 3,000 2,200 17,000 1,800 700 2,300 11,900 390 300 166,000 300 1,340 8.400 10,500 4,800 8,000 430 700 3,000 180 17.900 200 1,068,200 39,300 10,300 15,200 1,285 5,480 191,400 5,900 22,800 337,300 July 1 Par Kennecott Copper.---—---* Keystone Steel & Wire Co—* Kimberly-Clark -* Kinney (G R) 1 8% preferred * $5 prior preferred * Kresge (S S) Co—— 10 Kresge Department Stores 1 Kress (S H) & Co * Kroger Grocery & Baking-._* 100 100 * * Bid Ask 43 Ji Sale 12 Sale 26 > 27% 1% 22% 14% 20% 4% 26% 21 2% 32% Sale Sale 5% 27 Sale 11% Sale 19 Sale 15% Sale 5 5% 30% Sale ---5 142,400 Lee Rubber & Tire 24 Sale 37,400 Lehigh Portland Cement—25 880 118 4% conv preferred100 112 67,200 Lehigh Valley 50 5% Sale 50,200 Lehigh Valley Coal * % Sale 15,400 2% Sale 6% conv preferred -50 121,700 Lehman Corp. (The) 1 27% Sale 27,800 Lehn & Pink Products Corp--5 11% Sale 16,900 Lerner Stores Corp 31% 32 —* 153,700 Libbey-Owens-Ford Glass * 53% Sale 34,300 Libby McNeill & Libby. * 6% Sale 15,700 Life Savers Corp 36 Sale 5 12,900 Liggett & Myers Tob com—25 101% Sale Series B_. 71,800 25 103% Sale Preferred 100 170 Lily Tulip Cup Corp. 1 * 16% Lima Locomotive Works——* 39% Link Belt Co * 45% Lion Oil Refining Co * Liquid Carbonic Corp * 18% Loew's Inc * 54 $6.50 preferred 105 Loft Inc * 8% Lone Star Cement Corp * 60% Long Bell Lumber A * 4% - -25 Loose-Wiles Biscuit —.100 10 5%* preferred Loriilard (P) common 100 Preferred Louisville Gas & Elec A— 100 Louisville & Nashville 51,500 Mathieson Alkali Works—-_* 1,000 7 % preferred -100 58,500 May Department Stores 10 30,400 Maytag Co (The) — * 10,800 $3 preferred with warr. * 1,810 $6 1st preferred * 37,300 McCall Corp * 211,200 McCrory Stores --1 3,300 6% conv preferred -.100 57,600 McGraw Electric Co—---— 1 7,800 McGraw Hill Publ Go———* 97,800 Mclntyre Porcupine Mines---5 103,500 McKeesport Tin Plate---—10 1 63,900 McLellan Stores Co — 930 1 40. Sale Sale Sale 16% Sale Sale Sale Sale Sale Sale Sale 1% 7 26 30 Sale 8% 9 17% 15% 4% 5 32% Sale 21% Sale 13 15 113% 3% 1$ 22 10% 28 44 5% 36% 104 104 16 29 130% 19% 31 13 28 Sale Sale 37% Sale Sale Sale Sale Sale 164 29 32 93 Sale Sale 12% 10% Sale 92 20% Sale 9% 10% 53% Sale 9 82 30 16% 17% 24% Sale 4% 4% 25% 26% Sale Sale 49% Sale 5% Sale 18 2 25 5% 19% 11% 11% 1% 4% 3% 12 31% Sale 35% Sale 95,900 Minn Moline Power Implem. -1 6% 3,300 $6.50 preferred * 53 14,500 Mission Corp * 14% —--* 38,200 Mo-Kan-Texas 2% 124,100 7% preferred series A 100 9% 12,000 {Missouri Pacific —-100 % Convertible preferred----100 32,400 2 23,900 Mohawk Carpet Mills —20 17 10 111 70,100 Monsanto Chemical Wks 2,840 $4.50 preferred-—* 115 Preferred series B —* 3,060 1,114,300 Montgomery Ward & Co * "51% 2,900 Morrell (J) & Co * 35 --50 6,670 Morris & Essex 35% * 64,300 Motor Products—... 18% 5 53,300 Motor Wheel 15% 1 44,300 Mueller Brass Co. 29% 61,200 Mullins Mfg Corp class B.—1 7% 5,530 $7 conv preferred * 43 6,100 Munsingwear.,-* 11% 15,800 Murphy Co (G O) —* 56% 1,570 5% preferred -—-100 107% 123,400 Murray Corp of America.—10 8 4,400 Myers (F E) & Bros * 50 sea page Sale 58 - — Sale Sale 109 106 89 10 23% Sale Sale Sale Sale 50 19% 20% 26% Sale 4% 5 28% Sale 28% Sale 9 15% 16 Sale Sale 95 Sale 70 66% Sale 1 Sale 27 18* Sale Sale Sale Sale 109 Sale 111 Sale 56 14% Sale Sale Sale Sale Sale Sale 2 4% 32% Lowest Highest Sale Prices Sale Prices 24 30% July 10% July 24% July 2 July July July 23% July 4% July 26% July 26 July 30 17 8% July July 15% July 5 July 5 32 July Sale 24% 21% July 116 July 116 3% July 4% % July % 18% 17 Sale 113% 116 3% 3% % 2% Sale 1% 22 Sale 23% Sale 11% 12% 10% 11 29% 27% 29% 29 43 45 50% Sale 5 4% 5% 5% 37% 40% 41% 37% 106 106 108% 106% 109 Sale 106 105% 179% 177% 179% 175% 2* Sale 17 18 33% 34% 31 128% 132% 130 22% Sale 19% Sale Sale 31% Sale 30% 14 14 14 14% 28 33 Sale 30 1 IK 1% 5% 5% 6% 6% 20 23% Sale 20 12% Sale 11% Sale 12% Sale Sale 11% 1% 1% 1% 1% 4% Sale Sale 4% 4% Sale 4 3% 12 Sale 14% Sale 34 Sale 31 Sale Sale 39% J* 43 Sale 44 10% 1% 11 1% 4% Sale % % % ' 1% 12 13% 2 Sale Sale Sale Sale 100 14% 14% 104 Sale 8% Sale Sale 8% 100 Sale 62% 48% 60% Sale Sale 14% 32% Sale Sale Sale Sale 62 116 3% Sale 43% 46 10% Sale 1% 1% 5 ,% 1 14 39 Sale % 1% 14% 1% 4% % % 13 96 96 117 Sale 118 103% Sale 117% Sale 117% 121 120 119 Sale" 48% Sale 36% 36 Sale Sale 32 26 34% 11% 13% 20% 11% 13% 21% Sale Sale Sale 12% 58 109 Sale 52% 27 121 53% Sale 34% 37% 27 13 16 27% 13% Sale 48% 34% 24% 11% 13% 22 23% 24 4% Sale 4% 36% 39 35% 11 12% Sale 68 69% 60 108% 109% 109% Sale 109% 4% Sale 5% Sale 4% 44 46 48% 50 47 A* Sale* irA 1 12% July 28 30% July 22 2% July 20 30 July 6 20% July 29 26% July 31 5 July 24 29% July 24 28% July 18 6 10% 19 13 5 16% 12 5% 35 3 3 24% 11 116 6 4% 3 % . 11 1 1 5 24 12 7 1 31 7 15 1 1 6 7 10 6 21 3 7 1 8 5 3 3 1 6 1 12 3% July 6 July 14 9% July 27 44 119 115% 17 6 3 3 19 6 37% July 25 July 13 34 July 21 130 July 1 23% July 10 33% 15 July 17 35% July 3 July 7 1% 6% July 10 July 11 25% July 6 14% July 1 13% 1% July 6 4% July 1 4% July 5 July 1 15% 36 July 1 2% July 1 July 7 43% 23% July July 49% July 4 July 28 July 99 July 13% July 12% July 104 July 19 July 6% July 53% July 8% July 8% July 95 July 7% July 56 July 46% July 57% July 3 July 14% July 13% July 28i July 6% July 12% July 20% July 108% July 55% July 112% July 175 Sale 1 11 5 July 20 2% 25 July 1 July 3 12% July 6 30 July 3 53% 5% July 11 July 3 42% July 8 108% July 3 109% July 3 180 16 17 July 1 22% July 11 30% 31% July 5 39% 14 12% July 15 17% 13% July 5 41 July 10 47% 109 July 19 109% 10% July 1 21% 47 July 5 55 2% July 10 2% 18% July 8 20% 108% July 12 109% 24 22% July 1 155 July 25 159 17% July 10 19% 42% July 10 52% 31 23% 24% 24% 171 > 175 Sale 52 49% Sale 4 4% 4% 27% 29% 28% 99 99 101 14 13 13% 14% 12% Sale 102% 108% 104 21% 18 19 7% 6% 7% 53% Sale *57% 12% 8% Sale 8% 8% Sale 93 96 Sale 6% 8% 8% 57 54% 58 40 49% 40 56% 57% 60 3% 3% 3% 17 14% Sale 13% 13% 14% 32% 26% 27 7 Sale 8% 13 12% 12% 29% 20% Sale 108 111 116% 55 % Sale 60% 112 112% 113 3% 40 Highest Sale Prices Sale 22 27% 28% 23% 39 31% Sale 39% 14 12% Sale 14% 16% 14% Sale 16% 46% Sale 40% 41% 108% 110 107% 20% Sale 10% Sale 51% Sale 44% 46 2% 2% 2% 2% 18 19% Sale 18% 110 107% 108% 109 23% Sale 22% Sale 157 155 157% 156 18% Sale 17% 17% 40 43% 49% Sale 99 163 10% 25% 2% 36% 12% 28% 2% 30% Sale Lowest Ask Sale Sale 21% Sale 6% conv preferred 100 40,900 Mead Corp —— * 11% 710 $6 preferred series A— * 67 1,100 $5.50 pref ser B with warr„ * 51 17,900 Melville Shoe Corp —* 50% 43,700 Mengel Co — -1 6% 16,260 5% conv 1st preferred 50 26% 1,270 Merch & Min Transp Co---* & 5 39,400 Mesta Machine Co 39 114,800 Miami Copper -5 12 84,200 Mid-Continent Petroleum- -10 16% 51,100 Midland Steel Products—..—* 28% 3,890 8% 1st preferred 100 107% 38,200 Min-Honeywell Regulator Go_ * 85% 1,980 4 % conv preferred ser B—100 105 RANGE SINCE JAN. Sale Prices July 31 Ask Bid 175% Sale 148% Bid 175 18 19 8,200 MacAndrews & Forbes Co.-10 31% 320 6% preferred * 123 * 114,400 Mack Truck Inc 28% 132,800 Macy (R H) Co Inc * 41% 21,200 Madison Square Garden* 19% 22,700 Magma Copper 10 37% 24,800 Manti Sugar Co -1 1% * 5,700 Mandel Bros-6% 10,120 JManhat'n Ry Co 7% guar.100 13% Modified 5% guaranteed 100 216,700 8 25 10,100 Manhattan Shirt12% 20,700 Maracaibo Oil Explor 1 1% 151,400 Marine Midland Corp. 5 5% 7,660 Market Street Ry prior pref 100 7 —-* 314,800 Marshall Field & Co 12% 1,032,400 Martin (Glenn L) Co 1 36 23,300 Martin Parry Corp ——* 5% 43.800 Masonite Corp * 57% ~For footnotes JULY 1939 6,390 Laclede Gas Light 2,680 5% preferred 55,800 Lambert Co (The) 5,100 Lane Bryant 4,100 4,100 48,800 20,400 13,700 50,600 215,600 3,700 2,751,700 94,700 34,100 22,700 1,870 161,000 5,470 33,300 45,700 PRICES IN Jan. 3 N. Y. STOCK EXCHANGE Shares In 26 July 22 July 24 July 18 July 18 July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 18 18 11 28 18 31 22 24 19 19 24 29 27 25 19 12 24 27 5 27 25 17 22 18 13 18 13 12 12 19 22 17 11 24 22 13 21 25 4% July 18 19 12 17 21 52% 4% *28% 99% 14% 14% 105 21% 7% 59 13 9% 99 9 56 46% 61 4% 18% 14% 32% 9% 13% 30% 118 65 114 45 11% 1% 5% % 1% July 6 July 1 July 8 July 10 July 14 15% July 1 105% July 26 118% July 11 121 55% July 1 July 12 35% July 10 28% 14% July 3 July 5 16% July 6 25 July 3 5% July 7 40 12% July 12 July 10 70 July 5 110 5% July 1 July 12 48% July July July July July July July July July July July July July July July July July July July July July July July 44% Jan. 13 Mar. 3 20 30% 2% 40% 20% 26% 5% July Mar. Mar. July July 21 24 9 2931 Jan. 16 Apr. 8 8% Apr. 11 Apr. 8 1% Apr. 11 25 25 June 12 12% Apr. 10 Apr. 8 4% Apr. 6 24 Apr. 27 20% Apr. 11 20 7 Apr. 13% Apr. 8 11 27 3% Apr. 1 25 Jan. 26 14 Jan. 17 Apr. % 1% 20% 9% 28% July 21 13% 23% 18% 5% 35% 23 36% 4% 34% 97% 99% 171% 16 21 31% 12% 13% 35 105 6 41% 2% 17 8 Jan. May 3 Apr. 10 Mar. 31 5 29% July 24 25 24 118 3% Apr. 10 5% 113 % 3 27% Apr. Apr. Apr. Apr. Apr. Apr. Apr. May Apr. Apr. Apr. July Jan. Jan. Mar. July Mar. Mar. Mar. Jan. Jan. Jan, Jan. Mar. Mar. Mar. Jan. July July July May Jan. Jan. 20 20 9 18 10 8 16 4 3 4 5 10 12% 10 10 32% 13 10 56% 13 11 6% 3 6 42% 29 11 108% 27 11 109% 25' 10 180 26 17% 20 10 5 10 40% Mar. 13 11 47 16 15 May 29 19 Jan. June 29 5 Apr. 10 54% Jan. 4 Apr. 10 109% July 17 Mar. 31 21% July 22 62 Jan. 5 Apr. 11 July 10 4% Jan. 4 Apr. 10 22% Mar. 9 105 Jan. 6 110 June 19% 147% 15% 36% Apr. Jan. Jan. Apr. 8 24% 3 159% 4 20% 8 58 Feb. 26 June 23 Mar. 13 28 26 21 124 25 18% 18 30% 13 18 22 25% 1 22 5 28 9 19 5 19 10 24 1 25 29 4% 13 3% 24 9% 21 26% 2 25 25 34% July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 176 28 23 164 Apr. 25 Feb. June June Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. July 2 131 29 30 10 11 4 1 1 6 8 8 10 5 Jan. Mar. 29 30% Jan. 4 43% Feb. 6 19% Jan. 3 38% Jan. 4 1 % Jan. 9 7 % Mar. 3 25% July 19 Apr. 10 July July Jan. Jan. Mar. July Feb. Jan. Jan. Apr. 11 36 Jan. Apr. 10 Mar. 17 May 12 Jan. Jan. 3 July 26 14% 13% 1% 5% 8% 15% 39% 5% 57% 6 176 40% Apr. 8 4 Apr. 10 28 July 24 93 34 1 July 52% July 6% Mar. 36% Mar. 3 105 19 24 7 5 9 24 24 3 3 4 11 24 10 10 June 24 17% Jan. 20 14% June 9 Jan. 13 105 July 15 Apr. 28 22% Jan. 21 Apr. 10 10% Jan. 5 Apr. 11 59% Jan. 15 18% Jan. 3 Apr. 11 10 Mar. 10 Apr. 8 Jan. 13 99% Jan. 1 10% Apr. 11 9% Jan. 26 88 15 31 15% 27 6% 26 49% 27 8% 7 18 88 26 7 18 56 6 21 46% 46 25 3 18 18 14% 22 *13 25 24 6% 25 11% 25 18% 28 29 101 55 22 25 110 3% 40% 9% 1% 4 % 24 19 % 10% 26 84% 28 18 115 3 118 40% 22 33 29 24% 25 9% 18 10 17 16% 24 4% 25 30 18 9% 31 50 17 7 106% 4% 18 45 28 Mar. 10 June 29 12 July 6 July 21 Apr. 11 July 7 June 30 70% Jan. 5 58 6 9 28% Jan. June 16 17 Apr. Apr. Apr. Apr. Apr. Apr. 10 12% 10 16% 8 30% 11 118 85% 11 Jan. 16 114 Apr. Apr. July June Apr. July June Apr. Apr. Mar. Apr. Apr. Apr. July Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. July Mar. 8 8 8 27 30 10 8 Feb. 61% June 6% Jan. 3 9 Mar. 13 39% Jan. 4 Jan. Jan. July July Jan. July 5 3 28 6% Jan. 3 54 29 4 25 Mar. 10 14% Jan. 2 % Jan. 9% Jan. 5 4 5 1 Jan. 3 2 % Jan. 5 17% Jan. 6 11 Jan. 3 10 111 22 121 May 5 10 122% May 24 55% July 22 11 Mar. 9 28 39 10 37% Mar. 13 Jan. 5 10 19 10 16% Mar. 11 Jan; 3 11 30 7% Jan. 3 10 8 44% Mar. 13 12 14% Mar. 6 July 17 8 70 May 29 14 111 9% Jan. i 5 1 51 Jan. j 5 31 28 Aug., 1939] N. Y. STOCK AGGREGATE SALES PRICES IN JULY Price STOCKS Since July 1 Par Nash-Kelvinator Corp 5 8 Sale 14 % 14 Sale National Biscuit 10 7% preferred 100 Nat Bond & Investment Go__* 92 National Bond & Share Corp.* National Cash Register National Cylinder Gas co. __1 25 * National Dairy Prod Corp preferred class a :ioo 7% preferred class b .100 * National Dept Stores 10 6% preferred National Distillers Products—* Nat Enamel & Stamping * National $4.50 1 * Gypsum Co preferred conv National Lead 10 7% preferred a 6% preferred b 100 100 Nat Mall & Steel Cast Co National Power & Light * * 25 133,100 National Steel 141,400 National Supply Co of pa—10 $2 preferred 23,800 40 5%% prior preferred 100 4,700 140 6% prior preferred 100 * 36,900 National Tea Co * 26,000 Natomas Co 1 14,300 Neisner Bros Inc 500 4%% conv serial pref—100 7,300 erry Co (j j) * 620 5% preferred series a 100 205,400 Newport Industries Inc 1 * 34,100 New York Air Brake * 1,610,500 New York Central 102,600 n y Chicago & St Louis—100 214,900 6% preferred series a 100 117,700 n y City Omnibus Corp * 100 5,730 New York Dock 5,410 5% preferred 100 N^vbe " 950 New York & Harlem 50 1,460 77,700 . __50 10% preferred 50 n y Lack & West Ry Co.. 100 jnynh & Hartford 100 Convertible preferred 100 jn y Ontario & Western.. 100 n y Shipbuilding pt stock 1 7% preferred 100 _. 41,900 5,600 117.400 3,160 24,100 Norfolk & Western Preferred3,360 100 100 1,189,600 North American Co Preferred 6% series 39,600 Preferred 5% % series 30,900 North American Aviation 1,038,400 10 50 1 50 100 12,300 North States Pow Co $5 1,430 Northwestern Telegraph pref.l 111,700 Norwalk Tire & Rubber Preferred 1,840 * 50 50 ... Ohio Oil Co (The) Oliver Farm Equipment * Omnibus Corp Preferred a * (The) 100 * Otis Elevator * ' 6% preferred 100 225,700 Otis Steel $5.50 conv 1st preferred 6,000 7,400 Outboard Marine & Mfg 550 Outlet Co Preferred 30 13% Sale 115% 110 Sale 7% Sale 4% 5% 27% Sale o 18 20% 16% Sale 27% 165 137% Sale 26% Sale 8% Sale 80 Sale 15% 19% 59% 54% 3% 10% Sale 22 67 35 106 90,200 Park Utah Cons Mines 49,100 Parke Davis & Co 26,900 Parker Rust Proof Co 24,400 Parmelee Transportation 405,700 80,800 12,600 138,400 10,300 42,600 13,000 5,700 540 770,400 9,700 49,500 Pathe Film Corp * * 5 Sale * 11% 92% 18% 16% 8% 14% ft* 96* AX 56% 90 85 36 38 110% 10% Sale 4% 108 46 9 70% 33 Sale 106 8% Sale 26% Sale 130% 142 Sale 52% 22% 45% Sale Sale Sale Sale 77 Sale 2 Sale Sale 37% 42 52 Sale 2% AX 152 7% Sale Sale 105 1 Sale 100 10 Sale Sale 1 28 1 Sale * Sale 18% 8% 3 16 1% Sale Sale m Sale &* 88% 2 28% 14% Sale 9 Sale 20 Sale 42 16 Sale Sale 20 12% Sale 4% 6% % % 43% 47% 100% 105 8% Sale 93 91% 9 9% Sale 2.50 Co.* * 1* 21 16% 1% Sale 8 54 88% 1% Sale 25 74% Sale Sale 29 33% 35 34% Sale 7% 108% 5 43 Sale 40 3% 12% 5% 11% 32% 1% 3% 2% July Sale 12% July Sale 4 July Sale 11 July Sale 30 July Sale 50 45% July 10 July 12% Sale Sale 126 125 July 155 156% 155 July 19 18 18% July 9 8% 8% July 3 3% Sale July 12% July 13% Sale 5 5% 5% July % July % Sale 48 45 36 July 24 22 18 28 24 3% July 17 10% July 26 28% July 22 9% 92% 10% 16 1% 41% 18% 1% 12% 57* 9i* 3% 24 36 38% 2% 10 if* Sale 97 11 Sale 42% Sale Sale Sale Sale 160 10% 90% 17% 16% x8 % 12% Apr. Apr. Apr, Apr. Jan. Apr. Apr. May Apr. June July Jan. 10 26 25 30 7 13 .V* 25% 13% Sale 38% Sale 3 Sale Sale 17 19% 21 17 20 9% Sale 7% Sale 43% Sale 7% 6% 32% 43% 18% 7% 7% 39% 13% 20 7% Sale Sale 44% 48 Sale 85 89 91 2% 3% Sale 2% 3% 41% 16% 1% 8% 7% 54 27 % 1 % 88% 1% 25 2 July 16% 17% 28% 36% 2% July July July July July July 113% July 135 1 3 o IX 22 July July 1 16% July 7 108% July 10 July 1 21% July 14 148% July 1 July 11 42% July 15 14 23% July 45% July 68 24 17 18 27 24 29 26 25 25 31 18 July 4% July 25 5 4% July 15% July 7 July 11% July 33% July 50% July 12% July 30 July 56% July 19% July 9% July 3% July 15% July 5% July % July 48% July 20 21 22 28 22 28 27 20 29 18 20 18 25 26 3 18 10% July 96% July 11% July 25 25 25 3 23 12% July July July July July July July July July July July July 1% 42% 18% 1% 13% 8% July July July July Jiily July July 94 July 2% July 4 July 26 July 14 July 16% July 36% July 34% July 19% July 39% July 38% July 2% 8% 23% 18% 2% 13% 28% 22% 19% 17 7% 6% 32% 43% 85 Sale 2 Sale 3% % Sale 168 Jan. 106 18% 54% 53% 12% Apr. Apr. Apr. May Apr. 82 Jan. 7 July July July July July July July July July July July July July 8 8 41% 48 86% 2% 3% July July July July July July July July July July July July July 11 11 25 18 27 13 28 18 13 25 24 25 22 18 27 10 4 4 6>i Feb. 17 4 283^ Jan. 183A Jan. 10 16% Jan. 4 10 21 106 Mar. 10 3 May July Mar. Apr. May June Apr. 8% Jan. 8 12 July 70 Mar. 27 11 13 27% Jan. 14% Apr. 6% Apr. July 6% Apr. 10 Apr. 33% July 43% May 2% Apr. 9% May 18% Apr. 73% Mar. 32 Apr. 107 May 8% Apr. 27 Apr. 12% Apr. 10% Apr. 18% Apr. 30 Apr. 1 % May 4% July % 2% % 17 14 172% July Mar. 25 145 Feb. 52 47 Jan. Mar. 7 1 May Mar. 9 Jan. 5 Jan. Mar. 3 18 July 24 5 117% Jan. 15% 95% 23 % i 26% 12% 30 Jan. 109 18 8 18 18 20 20 20 5 27 3 31 28 31 27 31 28 27 27 Jan. 20 Jan. 4 Mar. 15 Jan. 3 Mar. 11 20 114 Apr. Jan. Apr. Apr. Apr. 86 Apr. 17% June 165 9% 25% 15% 14% 28% 24 175 2 4% 4% 23% 11% 9% 11 8 1 4 6 9% Mar. 8 8 20 7 25 11 6 27% Jan. 81% Jan. 15% Jan. Jan. 59% Jan. 50% Apr. 5 3 3 3 4 4% Jan. 11% Feb. June 7 85 June 6 42 47% 22% 23% July 27 June 22 Jan. 4 Jan. 5 Jan. 4 Jan. 4 8 38 Jan. 8 43% Feb. 25 20 1 3% Feb. 28 8 11 14 29 8 xX 23 112% 17% 28 8 10 9 Jan. 8 7 4 6 19 118% 16 120 62 8 27 1% 10 4% 1 23 16% 30 8 89% 25 195% Mar. 12 113 June 14 11 17 8 11 3 June 30 102% Apr. Mar. Mar. Jan. Jan. Jan. Jan. Mar. Mar. 10 26% Feb. 27 59% June 13 56% July 31 19% Jan. 3 88% Mar. 27 14% Jan. 4 111% June 20 Feb. 4 24 June 12 2% Apr. 32% Apr. 10 1 5% July 44% July 27 27 6% Apr. 15% Apr. 12% Apr. 10 8 10 30 30 104 Jan. 5 Apr. 16% Apr. 135 May 7% Apr. 33 July 16% Apr. 40% Jan. 114% Jan. 50 Apr. 3% Apr. 23 1 11 26 10 11 10 8 11 Apr. June June Apr. Apr. 41 Apr. 9% Apr. 114 Apr. 146 15 70 5 Jan. 6 Mar. 3 May 25 Jan. 4 Jan. 3 July 26 Jan. 5 Jan. 4 June 9 July 18 Mar. 25 Jan. 7% Mar. 3 2 20 Jan. 7 5 July 16 12% 34% 50% 14% 22 Mar. 14 Mar. 10 July 28 Mar. 11 June 132 9 156% July 25% Jan. 11% Jan. 29 107% Jan. 4 135% Jan. 26 Jan. Jan. 5 5 3 7 5 3 4% Jan. 4 16% Jan. 6% Jan. 20 5 1% Jan. 4 60% Jan. Feb. 14 104 4 14% Jan. Apr. 8% July 3 Apr. 10% Apr. June % Apr. 41% Apr. 100 May 6% Apr. 80 Apr. 7% Apr. June 2% Jan. 1% Apr. 36 Apr. 11% Apr. 1% June 5% Apr. 7% June 48 Apr. 74 Apr. Apr. 3' Apr. 19 Apr. 12 Apr. 120% June 15% Apr. 24 10% Jan. 20% 113% 8% 27% 148% 4% July 17 5 33 55% 24% 24 45% 26 116% 2% 11% 3% 9% 27% 17 Sale 16 3 8% July 90% July 9% July Sale 22 Sale 42 27 13 20 34 7% 7 42 July 112% July 13% July 81 Sale 8% 1 8 July 50% July 3 July % July 1 July 2% July July 18 % July 3 July 13% July July 12 82% July 5 192 July July July 27 113 July 3 July 25 July July 15 58% July 3 July 56% July 1 July 17% July 87 July 31 July 1 July 10% July 1 110% July July 8 July 32% July 3 July 5% July July 14 44% July 3% Sale 75 3 87 30 16% Sale 181 34 Sale 12% 12% 13% 122 121% 18% 16% Sale" Sale 4% Sale 37% 30% 71 1% 3% % % 2% % 9% 2f* iim Sale 42 47 Sale 130 156 Sale 7 18 July July July July July July July July July July July 6% Sale 6% July 19 19% 20% July 14 15% 15% July 103% 107% 103% 108% 106% July 5% 5% July Sale Sale 18 July 144 141 131 146% 143 July Sale 8 10% Sale 7% July 35 39 31 33 38% July 24 22% 23% Sale 22% July 45% 43 47% 42 July 42% 116 114% Sale 66 59% Sale 59% July 4 4 3 % July 4% 4% 14 123 Sale July 6% Sale 19% 18% 11 Sale 87 4 10 Sale 18 5% 14% 9% 7% 23% 119 11% Sale 80 80% 189 4% 114% 109 Sale 9% 110% 33% 121% 3 11% 19% 32% Sale Sale 3tf Sale Sale Sale 39 Sale % Sale Sale 87 Sale 13% 120% 24% 25% 13 2% 7% 108% 29% * 40 185 11 12% 4% 3% 10% 11% 30% Sale 45% Sale 6% 13 zb aA 35 Sale 111 113 111 112% U5 20% Sale 23% Sale 20% 58 57 58% 58% '56% 55% Sale 56% Sale 54% 16% Sale 14% Sale 14% Sale * Sale c 7§* 110% 9% 175 Sale ..10 Sale 38 Sale 17% 100 3% July 9% July 24 110 4% Sale 32% 35% 14% 51% 21% 40% 42 113 % Sale 14% Sale 102% 102% 105 40% 111% 12% 40% 15% 15% 27% .34% 2% 5% 111% 115 50% % * see page "54"" Sale Penney (j c) Co ... Sale 113% % * 7% preferred 50 1,600 69,300 Philadelphia & Reading c & i.* 33% 2% 115 1 pref series a * Penn Glass Sand Corp vtc..* $7 conv preferred * Pennsylvania rr Co: 50 People's Drug Stores Inc * People's Gas Light & Coke. 100 Sale" 35 123 Sale 31 95 115 Sale 9% 3% 10% 85 2 19% 27 3 28 Sale 82 5 conv 3% 10% Sale 57% July July July July July July July July July July July July July July July July 21 45 27 * $7 34 Sale Patino Mines & Ent Cons Penick & Ford Penn Coal & Coke Penn-Dixie Cement 44 1x% Sale 14 F Sale 193 108 23 July 18 Jan. 19% 32% 89% July 20 115 July 15 111% 7 July 6% 8 July 5% July 28 26% 13 % July 17 25 22 109 Sale 82 112 o 3 % 16% Sale July July July July July 111% 113 110% Sale 109% 11 5% 5% 5% 22 6% 5% 5% 5% 25 5% 5,X Sale Sale 24% 18 23% 12 10% 29 13% 11% Sale 1 9% Sale 25 9% July 14% 95 88 99 95 99 22 July 13 18% Sale 1 22% Sale 22 18% July 23% 172 170 170 3 172% 12 172% 170 July 147 144 143 143% Sale 5 July 28 145 July 1)7 19 * Sale 16 July 10 20% July 18 Sale Sale 1 7% July 9% July 25 Sale 66 Sale 1 52 July 68% July 25 Sale 8 Sale 7 1 7 July 9% July 24 10 10% 6 10 12% Sale July 13% July 24 Sale 33% 36% 37 7 33 % July 39 July 18 Sale 1 18 11% Feb. Sale 4 Sale Ill Sale Sale 7% 115 13% 35 110 110 55 11 115 ib 22% 36% Highest Sale Prices 31 11 Sale Lowest Sale Prices 8* 111 24 73% 36% Highest Sale Prices 1 5% July 7% 21 July 17 5 10% July 12% Sale Sale 1 8% July 11% Sale 1 26% Sale 25% July 28% 170 170 169% 175 3 175 July 12% 14% Sale 3 12% July 14% 97 94 97 94 July 14 95% 19 21 21% 18% July 14 22 Sale 16% 19 3 21 16% July 9 Sale x8 % July 7 11% Sale Sale 1 18 14% July 20 11 36 75 100 100 2,500 Peoria & Eastern 100 10,500 Pere Marquette Prior preferred ..moo 10,810 Preferred 100 9,565 * 3,800 Pet Milk 5 40,400 Petroleum Corp * 23,800 Pfeiffer Brewing Co ...25 421,400 Phelps Dodge 50 16,700 Philadelphia Co pref 6%$6 preferred ..* 2,400 50 2,660 JPhila Rapid Transit Co For footnotes Sale 22 ..10 5,990 Pacific Coast.. 1st preferred* 2,260 2d preferred 4,070 * 8,100 Pacific Finance Corp (Calif).10 25 189,100 Pacific Gas & Electric 61,400 Pacific Lighting Corp * Pacific Mills * 25,400 100 2,990 Pacific Telep & Teleg 1,700 6% preferred 100 5,100 Pacific Tin Corp (sp stk) * 10 29,800 Pacific Western Oil 629,200 Packard Motor Car 106,000 Pan American Airways Corp. .5 816,900 Paramount Pictures 1st preferred 14,800 2d preferred 68,900 3,700 Park & Tilford.. Sale 16% Sale 46% Sale 114,000 Owens-Illinois Glass Co.. 12.50 5 73,800 Pacific Amer Fisheries Inc 2,800 Pan Amer Pet & Trans 90,900 Panhandle Prod & Ref 9,500 Parafl'ine Cos Inc 660 4% conv preferred Sale 168 28 v t c Oppenheim Collins & Co 1,900 24 Sale 50 1,110 Northern Central 551,300 Northern Pacific 313,300 91,000 159,900 1,930 13,200 118,000 , Lowest Sale Prices Ask 6% Sale 20 25% 100 22% Sale 168 15% 15% 100 w w Sale 25 % Sale 169 170 July 31 Ask Bid Bid 5% 16% 10% 8% Sale 24 14,900 195,100 5,600 378,100 5,300 227,400 3,510 4,720 52,500 413,000 Ask Bid Nashville Chatt & St Louis.100 National Acme 1 National Aviation Corp 5 7% 1 1939 Jan. 1 Shares 5% pref series a RANGE SINCE JAN. Jan. 3 N. Y. STOCK EXCHANGE 376,200 6,290 82,600 92,300 338,300 6,500 14,500 1,700 9,000 128,000 28,500 585,900 2,130 4,780 37,900 37 EXCHANGE—STOCKS 43% June 13 19 Jan. 3 2% 13% 11% 57% Feb. 25 July 27 Mar. 1 July 28 July 2% July 5% Jan. 18 94 33 Mar. 16% Mar. 124 Feb. 2 6 8 9 Mar. 15 24% Jan. 39% July 40% Feb. 30% Apr. 13 Jan. May 7% Apr. 21 Apr. 15 Apr. 34 17 20% June 4 18 6 24 7 17* Jan. May 19 Apr. 10 28% Apr. 11 8 36 Apr. Jan. 41 Mar. 10 Mar. 10 9 Mar. 10 8% Mar. 44% Jan. 48 July 86% July July 14 10 5 1% Apr. 8 Feb. 27 31 24 31 Mar. 27 % July 29 % June 12 75 3 Jan. 7 N. T. STOCK 38 EXCHANGE—STOCK S AGGREGATE SALES PRICES IN JULY Price STOCKS In July aoo 190 234,300 1,700 1,050 16,900 13,400 400 60 500 1,600 120 400 40 480 12,800 6,300 460 670 460 6,930 2,900 5,100 6,900 5,300 2,300 600 . 251,700 Pressed Steel Car 5,300 500 1,410 29,400 3,700 1,100 5% 5% 7,300 10,100 6,500 4,090 570 300 5,100 41,010 900 90,800 "A, 600 21,600 3,000 6,000 1,700 6,000 900 900 700 2,000 291,700 357,600 4,400 29,800 254,410 3,900 1,084,700 common 1st preferred conv 2d preferred conv 400 500 16,000 900 30 29,100 182,300 1,300 3,800 11.600 1,100 330 10 16,700 200 10,800 18,700 2 42 k 6k 8 26 24 Sale 34 36k 15k Sale H k 22 k 8 Sale 16k lk Sale 9k 28 29 k 48 2k 13 k 4k 17 k 65 Sale 1 14 43 14 k Sale 56 Sale 118 Sale 14 32 k 104 Sale Sale 5k 21,900 100 1,000 2,900 100 19,300 4,500 2,600 60 54,500 800 610 210 3,200 14,600 2,400 9,500 2,100 3,800 18 50 22 27 Sale lk Sale 8k 8k lk Sale 7k Sale 117 37 112k 125 130 135 100 150 152 140 k 164 k * Pullman Co * Pure Oil * Preferred 100 372,400 Richfield Oil Corp.. * 5,300 Ritter Dental Mfg * 11,100 tRoan Antelope Cop Mines 20,600 Ruberoid Co capital stock * 2,100 tRutland RR preferred 100 110,000 St Joseph Lead : 10 18,400 £St Louis-San Francisco 100 26,300 6% preferred 100 780 jSt Louis Southwestern 100 30 5% preferred 100 421,100 Safeway Stores * 4,730 5% preferred 100 6% preferred.. 100 10,190 4,520 7% preferred 100 13,800 Savage Arms Corp.. * 149,300 Schenley Distillers Corp 5 16,700 5k% preferred. 100 151,500 JSchulte Retail Stores.. 1 42,600 8% preferred 100 25,500 Scott Paper * 1,210 $4-50 conv preferred * 21,800 5,600 300 9,500 300 7,400 50 15,700 2,200 5,200 23,600 81,300 tSeaboard Air Line 11,500 4-2% preferred 69,200 Seaboard Oil Co of Del 4,100 Seagrave Corp (The).. 399,600 Sears, Roebuck & Co 202,100 Servel Inc 35,500 Sharon Steel Corp $5 conv preferred 2,600 89,000 Sharp & Dohme Conv preferred series A .6,400 63,300 Shattuck (Frank G) 2,150 Sheaffer (W A) Pen Co III.700 Shell Union Oil 14,000 8,100 79,700 18,200 1,500 2,200 55,300 168,200 13,700 10,300 58,700 3,400 2,690 4,500 20,200 9,000 79,800 779,600 131,100 1,500 53,700 600 1,770 T,706 7,000 300 130 380 2,200 1,200 For footnotes, Conv preferred Silver King Coalition Simmons Co Simms Petroleum Simonds Saw & Steel Co Skelly Oil Co 6% preferred * 100 * * * 1 * * 114k 120 38k Sale Ilk Sale Sale 8?^ 81k 13 k Sale 71 Sale 16 12 30 1 19k 9k Sale Sale n k 1 10k k Sale Sale 61k Sale 117k 118 Sale Sale Sale 40 113k Sale 126 k 126k 129k Sale Sale Sale 143 163 k Sale 142 13 Sale 85 k 72 k Sale 12 k Sale Ilk 5k 78 k 100 60 58 k Sale lk 18k 67 2k 20 17 Sale 23 k Sale if'4 18k Sale 11 Sale Sale i5o% Sale 4k Sale 41 7k 9k 10k 16k 74 k 67 19 7k 13k Ilk 8k 14k Sale 23 17 18 3k 49 8 k k 6k 7k 18 50k 112 69 63 1 Sale 19k Sale 38 .40 Sale 44 k 72 49 k 45 Sale 43 10k 19k 88 58 55 37 k Sale 80 7k 23 k 65 43 k Sale Sale 79 5k 81 10k 44 k Sale 38k Sale 57 k Sale 53 9k Sale 11 Sale 12 k 19k lk 46 k Sale k lk Sale 3 Sale k 9 3k 29k 81k Sale 96 Sale 82 k 32 k 1* lk 17k 56 k 56 k 12k 25 k 129 148 55 11 7 k 7 8 21k lk Sale 14 k 2k 6 3 k 39 k Sale 106 k Sale 111k 113 111k 113 13 Sale 54 k Sale Sale Sale Ilk 71k Sale 13 Sale Sale 75 k Sale Sale 48 k 113k 61 7 2k Sale 3k Sale Sale Sale 75 Sale 105 50 Sale Sale 6k Sale 32 k Sale 3 k Sale 21k Sale 28 k Sale 96 k 94 k Sale 18k 16 k 14 k 13k 2 k 103 Sale Sale 18 k 132k lk 17 k *k k lk Sale 3 ■ 20 14k 11k 12k 14 Sale 12 56 k Sale 53 59 k Sale 56 k 3 k 46 Sale 44 5 k 45 k 8k 37* 37 36k 10k Sale 104k 105 k 103 6 20 k 2k Sale 21 5k 225 k 3 2k 17 18 18k 19k 2ilH 95 k 94 k 100 90 94 k 94 102 13k 10 105 Sale 11 Sale Ilk 1 k Sale 108 14 k 11 19k Ilk 2k 18k 8k 36 k 37 k Sale 10 k 103 k 103 k 6 5k Sale 20 k 2k 21k Sale 12 3, 96 111 July 27 July 22 July 17 July 19 July 6 Ilk 20 H Sale . 46 k July July 3 112k July 19 113 July 1 16 k July 1 1 3 8 10 29 13 k July 75 k July July 6k July 52 k July 116k July 3 k July July lk July July 12 July 10 19k July 2 k July July 24 3 80 k July July 1 July July July July 12 July 17 58 k July 1 5k July July 7 46 July July 9k July July 27 July July 15 37 3 Ilk July July July 28 105 k July 6 k July July 28 3 27 k July July It* July 18k July 18 6 29 15 5 July 5 13 k July 10 k July 6 18 k July 5 105 Sale Sale 1 11 108 94 k July 90 July 95 Ilk lk Sale 17 k Sale 17 17k "18 k 16k 140 k Sale 138k 138k 137 k lk 3 18 3 k lk 17 k 2 k 74 k 14 k lk Sale 19 18k 2k 78k Sale 15k Sale 9 25 IVA July 51 Sale Sale Sale 46 5 1 Sale 3k 5 6 38 Sale 43 k 8k 1 10 5 74 k 18 k ----- 6* 5 k 52 k Sale 50 k 114 113 113k 116 Sale Sale Sale 49 k Sale 2k 21k 2k 73 k 17k 19k k 5^ 11 27 39 k July 106k July 111k July 112 July 13 July Ilk July 71 k July k July 5 k July 49k July 113 k July 111k Sale k 7k 18 July 1 106 k 108 Sale 17 1 10 1 10 July July July July July 1 1 5 27 31 28 25 17 6 26 22 31 6 21 31 11 14 8 31 28 26 28 140 k July 10 lk Apr. 8 16 k Apr. 4 6k June 29 12k June 28 8 10k Apr. 21 July 16 3 3 6 24 5 5 40 k July 28 29 4 3 90 k Mar. 29 81k Jan. 18k July 3 17 Mar. 11 4 8k Jan. 85 k June 13 67 k Jan. 2k Jan. 22 k Jan. Jan. 17 23 k Jan. 18k Jan. Mar. 20 26 4 Jan. 12 Jan. 5 10 k June 30 65 July 11 60 Apr. 11 k July 12k Apr. 19 13k July 9 k Jan. Wti ?I* 5 Mar. 15 Mar. 15 8 lk Jan. 5 10 25 k Jan. 70 Jan. 4 Jan. 5 Mar. K Apr. 9k Apr. 21k July 64 k July 37 k July 7 k June 78k Jan. 5k Apr. 35k Apr. 52 July 6k Apr. 6 k May 13 k Mar. 18k Apr. k Apr. 27 k Apr. k June 1 Apr. lk May 3 k May 27k Apr. 82k Jan. 11 71 li 18 5 k Jan. 40 k Jan. 5 77 k Mar. 15 11 54 43 42 96 Jan. 104k Jan. 10k Apr. Ilk June 67 Apr. k Apr. 3k Apr. 45 Apr. 11 30 4 Jan. 18 14k Jan. 85 4 Mar. 13 10 Ilk J an. 11 45 Jan. 58 Jan. 11 5 10k Jan. 2 Jan. 31 16k Jan. 11 8 34 11 46 k Jan. k Jan. 27 4 3 6 11 4 3 11 11 Jan. lk Jan. 2 Jan. 3 3 3k Jan. 4 Apr. 28 46 k July 28 108 July 25 112k July 17 7 116 k June 18 k Jan. 3 30 17k Mar. 14 75k July 31 Jan. 20 10 10 8 1 9 10 k Jan. 25 52k July 31 May 29 4 117k 113 Jan. Apr. Apr. Apr. 25 Jan. 1 8 2k Jan. 8 Jan. June 27 Apr. 10 Apr. 11 Apr. 5 20 25 6 18 5 Jan. 8 11 6 17 Jan. 54 1 June 13 6 Jan. 18 Apr. 26 Jan. 25 k Jan. 21k Mar. 13 5k Feb. 11 6 8 25 3 11 10 43 25 25 18 10 17 29 17 18 18 17 25 18 18k July 18 21k July 21 July 95 July 99 July 110k July 15 k July Ilk July 21k July 12 July 2k July 18k July 10 1 53 k Apr. 14 18 4 31 117k Jan. 11 39 k Jan. I Ilk Jan. 28 24 29 Jan. 16k 2k k 14 k 14 k 4 126 k 16k lk 60 k Ilk 10k 54 k 3k 25 22 k Jan. 9 k July 10 113 k June 21 22 31 5 10 July 7 Apr. 25 142 k July 17 8 166 June 29 Apr. Apr. Apr. 6 17 47 k 113 11 2 k July k 68 Sale 11 11 1 Sale Jan. 7 lk July 29 19k July 25 60 July 25 58 k July 25 13 k July 24 27 k July 18 70 July 24 37 k «uly 11 July 28 July 22 8k July 28 40 k July 17 53 July 25 8k July 18 8 July 18 15k July 21 24 July 25 31k July k July 1 13 8 June 27 6k 9 65 14 k July 20 July 3k 16k July 7 k July 8 July 8 Sale 14 2 Mar. 15 119 k Feb. 18 28 24 26 17 14 27 26 70 1 52 15k 22 k Sale 11 Jan. 43 Jan. 43 k Jan. 62 July July Apr. July Apr. 7 10 10k 21k 64 k 37 k 7 k 50 Sale 18k 28 5k Apr. 18 19 22 19 18 22 25 26 28 28 11 July July July July July 81 July 5 k July 38k July k Sale 113 5 44 k July 44 July 28 i« 2 3 1 Sale 3 k 45 k 7k 10 k 12k 8 21k k 36 k k lk 3k 13 k k July 59 k Sale 46 3 13 k July Sale 8 18 3k 14 Sale 86 83 39 k 52 k 7k 14 k 9 k 70 66 40k 6k 7 k 7 k 26 July July July July July July July July July July July July July July July July 5 42 5 23 July 6k July J an. 3 31k Apr. Apr. 115 5 14 15k Jan. 12 19 11 Sale 105 k 100 100 7k 6 Sale 100 k South Amer Gold <fc Plat 1 Southeastern Greyhound L...5 South Porto Rico Sugar Sale 72 13 k 31 5 24 k Jan. 36k Jan. 18 k July 6 10 66 9k 5 174 k July 9k Jan. 67 11 12 k 7 10 6 69 7 12 5 June 28 Apr. Apr. Apr. Apr. Apr. July May Apr. Apr. Apr. Apr. 103 81 k July 71 k July 2?21k 9k 16 k 13 k 23 k July July July July July July July July July July July July 14 69 Sale 25 100 15k 13k 24 k 19k 12k 7k Ilk 11 5 18 k July 7 k July Sale Safe ?!f 8k 7 k 11 27 5 Apr. 11 7k Apr. 10 22 4 Apr. 12 k May 22 k 17k 6k 9 Jan. Mar. 31 7 14 29 June 4 4 18 3 Jan. 8 6 2k Apr. Apr. 50 1 4 27 20 k Jan. Jan. 12 July Apr. 6k July 80 July 68k July 10k Jan. 5 59 28 k 15 * 60 k July 1 k July 66 * * 3k 44 k 1 10 1 69k Sale 10 12 31 28 k July 5 20 k 20 35 k Mar. 27 85 k June Ilk 78 11 * Ilk Sale 6 78 k 100 65 k Sale Sale 2 10 k 65 47 k 100 5 Sale Sale Sale Sale 1 Sale 17 k 10k 12k Sale 68 9 69 J* 23 114 9k 10k Sale 16k 33k Sale Sale 12 Sale 77 Sale 80 15 31 116 k July 1 30 k July 1 7 k July July 24 k "Uly 6 k July 80 July 68k July 16 July Ilk July 40 lk 51k 3 lk 27 k 7 29 Jan. 114 3 36 166 51k 10k 10k 24 k 68 74 21k 15k Sale Sale 114 Prices 19 103 k Mar. Mar. 19 154 Jan. 7 6 35 July 20 10 43 k Jan. 3k Mar. 6 Jan. 3 45k Mar. 8k Jan. Apr. 11 Apr. 18 29 k July Apr. "8 1 1 k 8k Highest Sale 82k May May 2 k July 25 Apr. 31k Apr. 2 k July 126 50 n* Sale 10 38 rA 18* Sale 8k k 1 July 24 10 1 July 6 July 11 3 July 37 1 July 6 2k July 5 44 July 7 15 July 7 IV* July 10 50 July 8 July 12 16k July 21 July 21 July 7 174 k July 171k Ju y 7 5 July July 5 7 k July July 23 k July 11 July 5 13 July July 28 21 July 21 July 7 k July 24 9k July lk July k July 10 7 19 20 k July July 3 8 9k July July 1 July 8k July July k July 17 July k July 15 1 7 k July 9k July 9 8 k July 14 July 24 July 11 28 k July 1 62 58 July July 8 118k July 117 July 40 k July 3 36 k July 112 July 14 113k July 125 July 20 126 k July 140 July 10 142 k July July 163k July 31 166 Sale Sale 27 100 Sale _._* 40. 2k 16k July 5k July 62 July 3 15k 5k 66 k 24 k 8 Corp 10 Smith & Corona Typewr * Snider Packing * Socony Vacuum Oil Co Inc. .15 see page 26 k 50 50 23 80 * Smith (AO^ 8% preferred 6k 7k Sale Sale lk k 116k 118 24 k Sale 86 * * Sloss-Sheffield Steel & Iron. 100 $6 preferred 2k 42 k Juiy July July July July July July July July July Gas $5 preferred 2,550 7% preferred 100 470 5k% preferred 100 53,100 Reynolds Metals Co... * 4,100 5k % conv preferred-..-100 59,300 Reynolds Spring Co. 218,700 Reynolds (R J) Tob cl B 10 Common 450 10 400 32 k 2k 8 21 k 58 114k 115k 211,800 tReo Motor Car.. 5 1,255,200 Republic Steel Corp * 4,100 6% conv preferred 100 13,800 6% conv prior pf ser A.. 100 83,100 Revere Copper & Brass. 5 Class A 3,200 10 68,200 J* 17 k 16 18k 8k k im 100 3,570 Reis (Robt) & Co 1st pref.. 100 5,500 Reliable Stores Corp * 2,800 Reliance Mfg Co 10 141,000 Remington-Rand 1 Preferred w w 25 4,100 1,090 Rensselaer & Sara RR Co. .100 4,700 1,300 4,100 4k 64 13 • 150 14 174 k 170k 5k 5k Sale 7 9k 7k 28 24 k 24 o 5 50 6k 2k 60 8 4k 39 k Sale 3 41 4k Sale 50 37 Lowest Sale Prices 135 35k 2k 2 k 169 Sale Highest Sale Prices 87 k July Sale 139 43 k 2k 45 k J* 67 k 43 Sale 44 k 100 6% preferred 7% preferred 8% preferred 140 Sale Sale 6% preferred 5% conv preferred 100 Purity Bakeries. Quaker State Oil Rfg Corp..10 Radio Corp of America * 100 $5 preferred B ; * 50,500 $3 50 conv 1st pref .__* 169,000 tRadio-Keith-Orpheum Corp.* 13,300 Raybestos-Manhattan * 37,200 Rayonier Inc 1 II,100 $2 preferred 25 36,500 Reading Co ...50 1st preferred 7,300 50 2d preferred 8,900 50 8,500 Real Silk Hosiery 5 50 1,970 32 k * Public Service Elec & 38,600 34,700 m 134,700 Procter & Gamble * Preferred 5% 13,470 100 231,400 Pub Serv Corp of N J com... * 20,700 $5 preferred * 1,000 600 166 t Porto Rican Amer Tob cl A_* Class B Sale 90 133 33 V* Sale 7k * * 100 100 100 100 * 3k 31 o 60 100 Sale 136 2§* A* Lowest Ask Ask Bid 50 25 20 5 5,400 Pond Creek Pocahontas Co__* 91,800 Poor & Co class B._ * 2,400 11,200 Sale Sale 5 _ Pitts Ft Wayne & Chicago 660 7% guaranteed pref 107,900 Pittsburgh Screw & Bolt 21,100 Pittsburgh Steel Co 1,750 7% preferred class B 3,570 5% preferred class A 1.630 5k % 1st ser conv pr pf._ 20,050 Pittsb & West Virginia 70.700 Pittston Co (The) 49,600 Plymouth Oil....... 110 130 24 k 40 100 Pillsbury Flour Mills 25 Pirelli Oo of Italy Am shares. Pittsburgh Coal (of Pa) 100 6 % preferred. 100 Pitts Coke & Iron Corp * $5 conv preferred * 10,700 6,200 3,400 100 pref 88 Sale 36 7k 100 Preferred Pierce Oil 8% conv Sale 30k 43 k 2 H * .5 Phillips Petroleum. Phoenix Hosiery 950 600 1,100 25,200 94 k 100 Preferred Ask 142 k 6 166,900 Philip Morris & Co .10 5% conv pref series A... .100 6,300 9,500 Phillips Jones Corp 1,800 U0 21,400 21,200 Bid Par Bid Sale Prices July 31 July 1 Shares 10,700 SINCE JAN. 1939 Jan. 1 Shares RANGE Jan. 3 N. Y. STOCK EXCHANGE Since 11 May 22 8 May 2§n 5 5 5 Jan. 6 80 k July 18 k Jan. 21k Jan. 18 10 5 Jan. 69 7 k Jan. 50 k Feb. 11 5 Feb. 24 U8* 16 5 38 10k June 29 15k 1 107 101 May 7 4k Apr. 11 June 22 Feb. 5 3 Jan. 3 10 32 k 3k 2k Apr. 10 16k Apr. 11 21k 18 k July 29 29k 95 k 8 92 Apr. 70 Apr. 11 101k Jan. 18 llok 101 19 k Ilk Apr. 11 17k 10k June 13 8 21k 12k Apr. 10 k Apr. 11 13k 6 3 lk Apr. 17k Juiy 27 18k 20 k 14 Apr. II 127 Apr. 17 141 Jan. 4 28 Jan. 17 k Apr. Jan. Junelj24 Jan.ji 3 Jan. 5 19 Junef'26 Jan. July Jan. 29 5 Mar. 11 July 18 Jan. 4 Jan. 10 July 18 May Feb. 1 4 Aug., 1939] N. Y. STOCK AOOREOATE SALES PRICES IN Price STOCKS 130,200 Southern California Edison. .25 100 882,000 Southern Pacific Co 729,700 Southern Railway * 399,900 5% preferred 100 900 Mobile & Ohio certifs 89,100 Sparks Withington ; 6,300 Spear & Co 6,800 Spencer Kellogg & Sons 100 * 1 * Sperry Corp (The) v t c 1 Spicer Mfg Co * $3 conv preferred A * Spiegel Co Inc 2 Convertible $4.50 preferred * Square D Co class B 1 * 607,600 Standard Brands 18,600 $4.50 preferred * 89,400 Standard Gas & Electric....* 185,500 $4 preferred * 17,600 $6 prior preferred * 7 prior preferred 114,600 * * 25 10 1,800 Standard Oil of Kansas 501,300 Standard Oil of New Jersey.25 11,800 58,400 139,300 38,400 Starrett Co * 10 5 1 (The LS) Sterling Products Inc Stewart Warner Corp— Stokely Bros & Co Inc 694,600 Stone & Webster 521,500 Studebaker Corp 21,300 3,040 252,100 37,400 150,200 30,200 16,500 2,700 * Sale Sale * 6% preferred Sunshine Mining Co Superheater Co (The) Superior Oil Superior Steel. Sutherland Paper Co Sweets Co of Amer 21 Sale 16 47 Sale 2034 4734 Sale Sale Sale Sale Sale 18 23,200 Telautograph Corp 74,100 Tennessee Corp 467,300 129,700 122,700 77,200 82,500 Texas Sale 2234 7834 7 Sale Sale 30 Sale * 100 25 Sale Sale Sale 48 4434 Sale 534 Sale 3234 Sale 9 34 Sale 834 Sale 2134 Sale 1934 Sale 58 5834 4 Sale 3734 4 40 Sale 1534 2 18 Sale —2 6>4 Transc & West Air Inc 5 Tran & Williams Steel Forg..* Tri-Continental Corp * 1034 Sale Sale Sale Sale Sale 9434 Sale Sale Sale Sale 10 Sale 334 87 Tim ken-Detroit Axle Co 10 334 2834 334 1534 13 k 9334 1834 Timken Roller Bear -* 5434 ... Preferred Tide Water Associated Oil.. 10 preferred Transamerica Corp 192,800 20th Century Fox Film Corp.* $1.50 preferred 19,200 * 12,300 Twin City Rapid Transit. — * Preferred 100 3,320 1 118,300 Twin Coach Co 2634 3434 334 Sale 9734 Sale 1334 Sale 3534 334 28 Sale 1034 Sale * 434 Fisher—* * 6534 1134 Sale Sale Sale * 90 Sale * 3,900 6% preferred 25,400 Truax Traer Coal 7,000 Truscon Steel Co 21,700 27,300 196,500 358.400 * 10 Ulen & Co Underwood Elliott Union Bag & Paper Union Carbide & Carbon 810 Union Elec Co of Mo $5 pref. _ * 99,100 Union Oil, California 25 100 107,500 Union Pacific 28,700 34,100 833,100 477,500 24,900 4% preferred 1 Union Tank Car * United Aircraft Corp Preferred 320 1834 88 115 65 * * * 5 -10 910 7% preferred 18,800 U S Hoffman Mach 534% conv preferred 1,600 62,300 U S Industrial Alchol 22,400 U S Leather.... Class A 44,400 Prior preferred 1,000 117,400 U S Pipe & Foundry 600 U S Playing Card U S Realty & Impt 230,300 b 100 * 20 .100 5 50 * * * 100 20 10 * S Rubber 10 2,446,700 8% 1st preferred 100 208,400 36,200 U S Smelt Ref & Mining—50 Preferred 50 12,400 page 40. Sale Sale Sale 23 Sale 1334 1634 * 45,300 U S & Foreign Secur Corp—* $6 1st preferred * 3,700 * 5,100 U S Distributing Corp— Preferred. 4,820 21,240 U S Freight 77,900 U S Gypsum Co 22* 100 15,400 United Dyewood Preferred 100 1,090 5 65,100 United Electric Coal Cos 5 12,800 United Eng & Foundry * 130,800 United Fruit * 494,000 United Gas Impt Co Preferred * 7,700 118,300 United Merch & Mfrs Inc vtc.l 10 24,900 United Paperboard Co see 12 5 United Air Lines Transport..5 United Biscuit of American—* 31,100 United Carbon 7,900 United-Carr Fastener Corp 766,300 United Corp Preferred 198,500 201,100 United Drug Inc For footnotes 43i Sale Sale 119 Sale 17 o334 1734 Sale 34 Sale 534 834 6634 634 Sale 3234 Sale n 112 Sale Sale a Sale Sale 40 434 5 534 534 3534 Sale 3h 4 2634 Sale 734 7 34 7 634 14 1234 19 1734 59 6054 334 434 3234 Sale 234 3 34 134 334 2134 134 1934 134 334 Sale Sale 9 12 10 Sale 89 1134 3 7 34 ,534 834 534 234 7434 93 Sale 3 8 34 Sale Sale 5 34 Sale 7634 3 334 634 8k 1834 Sale 30 Sale 2 234 22 2534 Sale Sale Sale 2334 534 1034 6034 4734 Sale 35 Sale Sale July 2034-July 634 10534 234 534 July July July July 14 July 1634 July 2554 July 2434 July 8 46 7 July July 3 2754 July 2554 July July 45 July 2934 July 7954 July 9 July 454 July 1354 July 934 July 52 July 12834 July 1154 July 2634 July 254 July 17 July 2634 July 8 July 1854 July 2734 July 534 July 434 July 5 July 42 July 7 5 7 11 654 July 554 July 6 July 4334 July 3 24 July 7 78 7 July July July July July July July July 26 July July July July July 6 Sale 434 Sale JX o W 43 Sale 434 534 3634 434 534 Sale 4 Sale 29 Sale 754 it* 734 634 15k 1834 20 60 4 32 6034 434 3334 Sale 334 2234 Sale 2 lj 331 334 2434 2534 134 Sale 1034 1134 1134 Sale 434 534 3534 354 2634 754 654 2134 3434 1034 1734 87 22 Sale Sale Sale 117 55 15 234 3434 534 434 5534 354 2734 7534 1234 6 74 1 1 1 1 27 3 3 3 1 3 29 3 14 18 154 334 21 134 9 11 9034 46 Sale 554 1054 Sale 3734 554 834 Sale 3 81 11 6 Sale 87 334 Sale 834 10 2034 Sale 2934 30 334 Sale 234 7634 334 834 18 2954 2 25 89 2234 3754 1234 1834 114 ~57~ 16 Sale Sale Sale 5 60 354 2934 Sale Sale 115 834 434 Sale 80 6034 1734 3 3834 534 534 6234 354 Sale Sale Sale Sale 48 July 11 3 July 11634 July 16 34 July Sale 9234 8534 Sale 2034 Sale 3434 Sale 1034 1734 1834 118 11354 5834 6434 16 1834 Sale 234 Sale 3434 Sale Sale efK 5 434 56 354 2834 7434 8154 Sale 1254 1334 Sale 114 11534 11434 31 12 454 Sale Sale Sale 5 734 Sale 82 86 8 4 6 76 July July July July July July July July 1 29 1 3 3 20 1 1 1 15 July 5 3 July July 8 3 3 11 3 3 5 1 6 5 5 34 554 634 82 Sale « 6y Sale 534 29 1434 334 634 43 Sale 3834 134 Sale 6634 103 48 66 "Ik 31 15k Sale Sale 5034 "3934 Sale Sale Sale 5034 6834 6 7 5t 734 734 54 July 554 July 634 July 1 98 6 18 4 4 4 3354 Jan. 40 July 17 3 54 Jan. >5 9 834 Feb. 2134 Jan. *3 4734 Feb. 18 2654 July 25 50 Jan. June 22 1634 7534 3034 7 34 Mar. 9 Mar. 8 Mar. 10 Jan. 3 108 June 17 234 Apr. 454 Apr. 10 Apr. 1354 Apr. 18 2534 June 2334 Apr. 3034 Mar. 14 46 5054 5334 3354 7954 1254 634 1754 934 Jan. 5 July 28 66 Jan. 4 29 17 25 13 26 24 27 28 1 18 6 24 25 25 17 534 Jan. 2934 Jan. Mar. Apr. 403s June 2034 Apr. 65 Apr. 7 Apr. 354 Apr. 854 Apr. 53-s Apr. 46 Apr. 12034 Jan. Apr. 12834 1154 3834 334 22 34 3034 1054 1934 2834 22 13 Apr. 2 Apr. 10 Apr. 2454 July 7 July 17 Apr. 25 2454 June 18 18 26 21 454 Apr. 4 Apr. 19 18 6 10 8 July V 3534 Apr. 26 5 434 Jan. 26 4 Apr. 8 June 30 Apr. 10 18 3434 334 2634 734 654 1154 1654 Apr. Apr. Apr. Apr. Apr. 27 56 Jan. 11 334 Apr. 31 July 234 Apr. 14 Apr. 134 Jan. 18 22 24 24 21 17 31 31 17 634 634 4834 554 3254 1034 July 13 Jan. 5 Jan. 3 June 17 July 6 Jan. 3 6 4 Jan. Jan. Mar. 14 Jan. 13 Jan. 19 Mar. 27 Mar. 11 Jan. 3 Jan. Jan. Jan. Jan. Jan. Mar. 16 27 9 Jan. 7 454 Jan. 22 34 July 10 31 40 3 Mar. 22 Apr. 10 / July Apr. 10 July 31 Apr. 11 Apr. 10 Apr. 11 13 11 31 87 18 1054 18 3434 534 May 10 10 634 OX4 Apr. 534 Apr. 10 25 3 6034 July 4 34 Feb. 3 7 24 Jan. 4 834 Jan. 4 734 Mar. 11 4334 July 21 9 17 134 734 9 3 2234 Jan. 24 28 5 Jan. 1054 Jan. 21 25 20 20 1054 Jan. 20 2034 Feb. 6 2434 Jan. 19 3 34 2834 354 1534 1434 Mar. Jan. Jan. Jan. Jan. 2 10 3 4 3 Mar. 10 96 Feb. 1854 5434 7H 1254 1034 Jan. Jan. Jan. July Jan. 9 3 3 10 24 4 4 Jan. 88 Jan. 11 31 Jan. Jan. Jan. Jan. Jan. 3 1654 Apr. Apr. 154 Apr. 434 13 54 2634 3434 3 34 31 17 34 Apr. 11 30 Jan. 4 28 734 Apr. 11 1234 Jan. 4 18 2 Mar. 28 Jan. 4 July 24 934 July 24 8434 July 18 118 July 14 17 July 18 10134 July 18 90 July 27 6 2234 July 3934 July 24 July 25 1334 1854 July 18 117 July 12 44 Jan. 3 234 July 22 2 18 74 27 3 25 13 24 52 64 July 24 18 July 27 354 July 27 3934 July 28 634 July 28 6 July 24 62 July 29 3 4 July 31 July 31 8234 July 27 1354 July 29 116 July 25 1334 July 28 434 July 19 1 5 Mar. 22 154 July 454 Apr. 1434 Apr. 36 Apr. 11 Apr. 42 Apr. 934 Apr. 60 Apr. 1834 Apr. 6 Apr. July 2154 Jan. 10 13 12 34 29 23 34 Jan. Mar. 31 6 July July July July July July July July July July July July Jan. 24 Apr. 8 Apr. 11 Apr. 11 Apr. Apr. Apr. 7 734 July 2334 1034 1134 1534 17 25 26 26 12 July 634 July July 434 July 3034 July 834 July 754 July 16 July 20 July 6034 July 354 July 34 July 434 July 2234 July 154 July 334 July 2634 July 23 July 1054 July 1234 July 9234 July 1554 July 4734 July 6 July 1254 July 8 July 334 July 81 July 334 July 934 July 2134 July 3034 July 334 July 28 July 113-s July July July July July July July July July July July July July July July July July July July July July July July July July 72 26 17 5 5 July 31 3 25 13 25 27 39 1754 July 5954 July 354 July 9234 Sale 1434 Sale 6 1 18 24 22 28 17 18 18 17 22 46 July July July July July July July 854 84 7 July 4054 July 234 July 70 Sale 5234 Sale 10134 Sale 61 66 34 3 Sale 176 734 3134 6234 10 July July July July July ' 173 534 1634 3954 2034 4734 Sale Sale 4 111 July 254 5034 834 72 Sale 8234 11554 11634 11634 1634 Sale 1634 93 9134 Sale 89 July 1054 834 7 Sale Sale 234 Sale 4634 734 114 8 34 634 1034 79 July 1554 July 1854 July 2754 July 40 July 23-8 July 734 July 1734 July 4554 July 2654 July 50 July 1334 July 7534 July 29 July 7 July 107 July 3 July 8 July 18 July 2134 July 154 July 7 Sale 115 Sale 1034 40 29 7 July July July July 28 734 85 28 Sale Sale 834 Sale 434 1234 Sale 534 434 634 4334 5 16 2634 1134 1334 1934 „ 434 434 634 Highest Sale Prices 434 Sale 934 Sale Sale 634 £7/* 50 Sale Sale 4954 125 Sale 12734 12634 Sale 1034 Sale 954 24 2434 2534 *2234 2 Sale 234 Sale 12 12 16 1534 26 2434 2454 2534 7 834 734 834 Sale 1754 Sale 1734 Sale 27 Sale 2434 5 Sale 9 100 25 * Sale 734 734 4234 1 10 Sale 1134 2534 734 1734 10 * conv 634 52 2034 * Thompson Products $4.50 10 2 1234 Lowest Sale Prices c Sale preferred Thompson Starrett Sale 12734 934 2234 1034 1834 2734 "4134 434 Sale Sale Sale 2634 Sale 2534 Sale 4934 2334 7934 Sale Sale 734 65 20 47 Sale "4134 Sale 17 1734 Sale 1634 5034 Sale 234 Sale 734 Sale 2534 Sale 2434 Sale Sale Sale 13 1134 1534 Sale lH 26K Sale 4934 1254 Sale 7234 Sale 2834 Sale 634 Sale 106 107 234 Sale 534 Sale Sale 5 25 1,790 7% preferred 54,700 Thermoid Co 3,210 $3 dividend conv pref 20,700 Third Avenue 7,400 Thompson (J R) 2134 2054 634 Sale Sale 6.200 The Fair Co 86,100 50,700 9,500 213,500 12,700 106,500 74,700 197,800 197,400 17,600 148,500 Sale 68 1134 Texas Gulf Producing Co conv Sale 5 Corp (The) $3.60 23 2834 2834 4234 5334 3334 7134 1234 634 Sale 3834 334 Texas Gulf Sulphur * Texas Pacific Coal & Oil 10 Texas Pacific Land Trust ctfs.l 100 9,300 Texas & Pacific 6.400 Thatcher Manufacturing * 2,100 1834 i Sale 104 Sale Highest Sale Prices Sale 634 4934 10 65 Sale 42 2 7 Sale 16 4534 * 25 104,700 Swift & Co 50,800 Swift International Ltd Symington-Gould Corp with stock purchase warrants—1 86,900 Without warrants 1 57,000 9,200 Talcott (James) Inc 9 1,210 534 % preferred 50 36 3934 Sale 1534 45 1534 7034 2934 734 Sale 1734 10 (The)—50 26 3934 134 134 634 834 100 12034 12134 1 100 10 Sale 34 41 2834 Sale 1434 Sale 1734 Sale Sale Lowest Ask Sale Sale 38 334 734 1 Sun Oil Sale 2634 1134 13 34 1934 2434 Sale 21 54 Sale 2254 33 34 — 322,700 Standard Oil of California 313,700 Standard Oil Co. of Ind Ask Bid Ask 1 Bid Bid Par Sale Prices July 31 July 1 Jan. 1 102,600 3,890 630,300 15,180 42,900 1 1939 Shares 777,300 RANGE SINCE JAN. JULY Jan. 3 N. Y. STOCK EXCHANGE Since 39 EXCHANGE—STOCKS 834 8434 54 734 734 9634 82 1 July 9134 Sale 17454 July 20 176 17454 Sale 8 534 July 734 634 734 31 5 July 3534 3234 3534 1434 July 10 1834 1734 Sale 6 4 334 July 434 434 6 5 July 834 734 Sale 44 53 34 5034 July 13 5034 37 7 36 July 3754 Sale 7 44 3954 July Sale 1 2 154 July Sale 1 45 3854 July 4834 1 11234 110 July 11134 103 48 6 55 July 5334 Sale 66 69 Sale 66 July 31 lly° July July July July July July July July July July July July July July July July July July July July 18 26 27 28 18 17 10 24 24 20 25 25 13 7 25 20 22 18 24 21 6 28 654 6534 11334 1634 8134 78 5* 11 8 June 30 Apr. Apr. Jh 5 9 4 4 5 5 4 Jan. 4 July 14 1954 Jan. Mar. 13 90 July 28 5 2354 Jan. 4 27 11 5 42 54 Feb. 25 1334 Mar. 4 24 1854 July 11 18 13 11934 June 16 8 6534 Mar. 10 11 20 Mar. 13 10 10 6 354 Feb. 3934 Mar. 14 26 11 11 11 8 8 » Mar. 10 Jan. 5 Feb. 11 654 Jan. 3334 Jan. 8234 July 13 54 July 27 29 4 12 6 11734 June 23 8 13 34 July 28 734 Jan. 5 11 Mar. 31 11 June 29 8734 Mar. 8 1 May 20 754 June 12 3 1034 Jan. May 15 Mar. 31 Apr. 10 Apr. 10 113 3 180 Apr. 4 8 Apr. 734 23 Apr. 10 3534 1334 Apr. 11 2554 6 334 July 534 6 Apr. 11 1054 46 Apr. 25 6154 35 Apr. 10 49 37 7 July 3734 1 134 June 634 3134 Apr. 11 5254 8654 Apr. 11 11214 48 6 July 6534 71 170 60 Jan. 11 104 Mar. 31 July 334 Apr. 2554 Apr. 62H Apr. Apr. 11154 Jan. 654 Apr. 4 Apr. 75Vt 10 Apr. 27 66 Apr. 10 1234 8 Apr. 9034 May 17 118 2034 Mar. 33 Apr. 734 Apr. 1534 Feb. 11234 Mar. 52 Apr. 1354 Apr. 2 Apr. 3034 Apr. 454 Jan. «8* 3 Jan. 23 *70 Jan. Jan. Mar. July July 4 4 9 24 24 Mar. 9 Jan. 3 Jan. 4 Feb. 2 Mar. 13 July 7 Mar. 10 Jan. July Jan. June 3 18 5 27 10 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES In N. Y. July Shares 298,000 17,800 5,500 290 2,100 2,500 5,100 100 700 2,000 800 Preferred 540 25 1 * 730 100 * 1 * 100 100 Preferred 100 Vicks Shreve & Pac 4,100 4,900 48,900 50,900 36,720 2,640 1,200 3,300 480 200 80 800 630 1,600 780 10 50 20 1,100 1,400 2,800 1,900 83.800 1,200 6,300 400 5 * Victor Chemical Works Va Caro Chemical 6% preferred 100 Virginia Elec & Power 6% pret* Virginia Iron, Coal & Coke 100 5% preferred 100 Virginia Ry Co preferred 100 Vulcan Detinning 100 7% preferred 100 7,810 8,960 1,840 1,730 warr 100 239,100 193,600 339,610 2,380 23,500 1,240 27,100 11,700 2,700 100 5,700 1,600 33% 34% 114% Sale "25% Sale" Sale 4 28% Sale 115 ' Sale 2% Sale 7% 10 119 124 Sale 69 119% 9% Sale 18% Sale 85 Sale Sale Sale Sale Sale * 35% 5 6% 39% 3% (H) Gooder & W Ltd * Preferred * Ward Baking Co class A * Class B 7% preferred.. Warner Bros Pictures conv preferred * * * 1 * tWarr en Bros Convertible preferred $1 1st preferred Sale 38 Sale 413^ Sale 10 14 3% 30 24 1 3234 Sale Webster Eisenlohr _* Wells Fargo & Co Wesson Oil & Snowdrift Sale Sale Sale .1 $4 conv * preferred West Penn 60 22,800 Electric * Co A 7% preferred 6% preferred * 100 ,---100 100 1,800 5,000 3,500 154,400 27,000 17,700 30,300 700 23,100 8,600 3,700 7,400 1,400 36,200 16,900 8,300 2,100 3,200 64,800 9,900 3% 1 28% Sale 78% 8034 10334 Sale 90 88% Sale 91 12234 Sale 11534 Sale 26% Sale 3% Sale 6% « % Sale 1% 50 300 900 260 5,700 3,893 20,600 23,300 989,300 3,830 51,500 794,700 2,400 3,000 118,200 340 6,100 113,600 200 2,600 13,000 39,100 3,800 90,000 187,800 48,800 134 134 634 Sale Westvaco Chlorine Prod * 5% preferred 30 19 9% 134 32 34 434 45 2034 1034 134 34 Sale 48 234 234 9 Sale 25 Sale 1634 Sale 2334 2234 234 Sale 34 1634 66 VA c Sale 6 <334 Wright Aeronautical Corp Wrigley (Wm) Jr Yale & Towne Mfg Co * ._* 25 Yellow Truck & Coach cl B. 1 7% preferred 100 Young Spring & Wire * Youngstown Sheet & Tube.. 5%% preferred 100 Youngstown Steel Door.....* Zenith Radio Corp * Zonite Products Corp 9234 106 10634 Sale 110 Sale 102 99 12134 11634 2834 234 334 34 Sale 1734 Sale Sale Sale Sale Sale 234 .34 g 131 15 1334 37 34 32 334 534 34 34 27 2234 10834 13534 1634 90 99 1734 1834 25 12 Sale Sale Sale 3 2% Sale 4% 434 4% Sale Sale 107 24% "25"" 60% Sale 22% Sale 68 5934 "75"" 56 Sale 4 434 134 a 23 234 1% 234 334 .3534 11034 1534 4634 1234 4734 40 V/s Sale 234 134 234 Sale 3734 "17" Sale 13 "47" 96 100 81 Sale Sale Sale 82 3034 Sale 2034 Sale Sale 2; name 1 6 26 3 25 3 3 10 10 27 27 3 27 8 34 July 22 8 134 July 1 July 12 6 July 12 1 21 July 5 95 July 4 34 July 1 42 34 July 3 5 1934 July 10 July 10 134 July 18 7 32 34 July 1 434 July 7 45 July 5 234 July 834 July 14 % July 234 July 1 July 7 34 July 2334 July 9834 July 634 July 4534 July 2034 July 1134 July 134 July 35 July 534 July 25 11 25 19 26 18 25 20 21 22 31 24 26 12 27 8 y 46 9 69 1 6 5 234 134 334 334 3534 11 Sale 5 Sale Sale Sale Sale Sale 22 Sale 3734 1834 4934 1534 5334 114 "1934 17 Sale 46 90 12 34 4734 47 52 44 2634 3734 31 2334 3434 9734 100 8334 1534 42 108P 81 Ex-rights. from Peerless Corp. 3 1 3 8 11 3 7 15 11 5 13 11 1 5 1 14 1 1 18 6 3 1 4 July 2334 July 2034 July 234 July 80 85 16 Apr. 25 Apr. 11034 Apr. 3434 Apr. 56 July 1834 Apr. Apr. Apr. 113 Apr. 134 Apr. 434 July 116 May 6434 Apr. 8 Mar. 131 534 Apr. 1534 Apr. 18 27 27 25 25 5 27 24 6 12 18 14 8 22 31 24 25 18 25 26 19 18 20 21 29 22 24 18 25 28 18 3 Mar. 3 34 July Mar. 2 8 4 24 3 - 24 27 14 5 4 17 4 3 Jan. 4 15 8 112 10 105 June July 19 June 15 19 124% Mar. 10 June 23 19 117 11 3334 July 24 July Apr. Apr. 10 Apr. 10 34 Apr. 21 8 34 Apr. 434 Jan. 4 Jan. 4 % Jan. 134 Jan. 4 8 8 Apr. 2734 8 Apr. 3134 Apr. 11 120 May 20 145 Apr. Arr. 3 Jan. July 18 Mar. 1 4 Jan. 2834 Jan. 20 100 Apr. Mar. 5 Jan. 634 Jan. July 3 34 Jan. 1334 May 634 Apr. 3134 Mar. 2434 Jan. 3234 Jan. 11 11234 2034 2 34 3 34 Mar. IS Feb. 16 July 6 July 22 79 88 12 3 4 5834 Apr. 25 95 9 July 58 134 Apr. 10 34 July 25 117 34 July Jan. Mar. 16 44 1934 Apr. 28 834 Apr. 11 134 June 30 31 May 22 4 Apr. 10 36 Feb. 3 134 Apr. 8 634 Apr. 11 5 Mar. 13 19 34 Apr. 8 1434 Apr. 11 2034 Apr. 11 Apr. Apr. Apr. 5 25 734 2334 9834 934 5034 2034 1434 234 3 10 10 85 26 Jan. 2 11 10 July 3 134 Jan. 334 Jan. : June 29 16 25 July 77 Apr. Apr. 1 Feb. June 124 Jan. 3 31 June 19 2534 Feb. 18 4 434 Jan. 4 3134 Jan. 118 July 31 234 Mar. 8 4 19 July 56 85 25 21 43 37 20 Jan. 11634 July if* 125 8 June 10 Mar. 24 20 5 30 34 Jan. 3534 Mar. 6 Fob. 17 14 20 3 Jan. 27 July 29 1934 July 24 2634 July 17 234 July 234 July July 334 July 3734 July 114 July 20 July 4934 July 1634 July 5534 July 48 July 27 34 July 4034 July 104 July 8534 July 25 July 1734 July 11134 July 1434 july 44 34 July 3 llH 34 Jan. 25 18 13 July July July July July July July July July July July July July July July July July " ■ July July July July July July July 834 Mar. 234 Mar. 4534 Apr. 10 1 28 6 4634 July 334 Jan. 3 163 78 Jan. 157 3 July 31 Jan. 4 Jan. 5 8 Mar. 8 2034 Jan. 7 3 40 July 2534 July 34% July 31 25 26 8 6 July 28 6 Apr. Apr. 10 60 Jan. 12 90 July 28 Jan. 27 July 10 934 Apr. 25 7 Apr. 10 8 334 Apr. 1 May Apr. 10 80 234 134 234 3 34 3534 1 12 234 July 9 July 5334 July 11 July 1034 July 534 July 134 July 26 July 16 July 26 24 July 10 1034 July 12 1 7 34 July 5 4 July 134 July 31 22 July 15 45 Feb. May 2 Apr. 10 Apr. 6 May 11 Apr. 10 34 July 134 July July 58 4334 134 634 134 12 29 July 1634 July 2334 July 22 2234 23 2134 17 1334 Sale 1334 10334 110 11034 11234 108J ' Sale 1034 Sale 13 103 3334 Sale 33 4234 Sale 7134 7934 76 8334 80 19 1834 19 2134 Sale 1734 1734 1934 Sale 1734 234 Sale 234 Sale 234 Ex-dividend, Change of 1034 934 434 134 2434 112 77% Sale Sale 17 95 3834 Sale 40 80 27 Sale 17 5 18 18 26 27 31 10 26 1 1634 2734 July 1734 July Sale 1 1834 2434 July 1934 July Sale 1 11034 July 8234 94 July 126 137 5 138 130 July July 6 1034 15 1734 1734 July July 37 Sale 5 40 37 34 July July Sale 22 1 1534 2534 July July x29 Sale 3 32 3434 July July 42 55 42 July 28 4234 July 74 110 87 July<28 July 28 90 Sale 8 1534 18 2534 July 28 July 52 32 108 7 26 14 Sale 90 23 32 July July July July July July July July July July July July 534 July 124 July 7534 July 129 July ll'A 26 1 334 July 17 234 July 34 July 25 34 July 25 16 1834 July 20 1834 July 27 3 6034 5834 July 25 6534 July 100 5 93 34 July 9934 July 27 Sale 6 112 July 19 10534 July Sale 5 104 July 9834 July July 11734 July 19 122 11234 July 19 11634 July Sale 1 33 34 July 2834 July 2 34 July 11 334 July Sale 634 July 434 July 12 Sale 34 July 34 July 24 1 1 134 July July 18 4534 1234 54 Sale 2034 10434 1934 54 % July July July July July July July July July July July July July July July July 24 1 60 50 120 11 4134 1034 734 37% Sale r Cash sales. American Bosch, 5834 9934 82 Sale July July July July July July July July July July 16134 July 68 July 3 90 Sale Sale 234 34 17 34 2534 3434 4334 * _* * Sale 26 g* 1 35 Sale 2834 1934 26 92 2 .1 2534 32 White Motor Co White Rock Min Spgs White Sewing Mach Prior pref 4 % % conv ser 100 4534 2034 11% 27 19 22 100 preferred Sale 534 5534 234 734 75 Sale Convertible Sale 34 Sale conv Co 2034 1034 134 31% Sale 5534 11134 3734 4634 Sale Prices Jan. 24 70 43% May 18 9834 May 19 12034 Mar. 11 33 3734 June 13 Apr. 10 Sale Prices Prices 6 Sale prior preferred * White Dental Mfg Co (SS).20 $5 Sale 534 19% Sale 38 37% 20 K Sale * Preferred 734 2234 97 94 Class A V/s Sale o 44 127 Weston Electric Instrument..* o Sale 1 9434 105 4% Sale Sale 31 2134 234 1934 129 2 4334 Sale Sale P*r va*u<£* « United deli very. Deferred name from Change of 21 119% Sale 140 Sale 3% 129 634 Westinghouse Air Brake * Westinghouse Elec & Mfg..50 7% 1st preferred ...50 44,300 Woodward Iron Co 10 494,800 Wool worth (FW) 10 78,800 Worthington P & M_._____100 400 7% preferred A 100 540 6% preferred B__ __1 Prior pref 4%% series...100 5,400 250 24% 1 24% Sale 50,700 Wilcox Oil & Gas 5 326,800 Willys-Overland Motors 104,300 6% conv preferred 10 * 100,300 Wilson & Co 16,800 $6 cum preferrred -.-.100 310 Wisconsin Elec Pow 6% pf-100 50 2334 56 2% 234 aV/8 21% 22 1934 Sale 115 118,, Sale 11534 116 2 2 134 1% 1% 5 7% 434 834 5% Sale 121 124% 125 122 75% 7534 72 66 70% Western Union Telegraph-.100 99,700 Wheeling Steel Corp .. 22"" 80 57 934 5 44% July July July July July July July July July July July July 34 Sale 1734 2234 Sale Sale 1834 19 Sale 30 34 33 30 29 11534 11634 115% 116% 11634 4034 4034 4134 42% Sale 120 Sale Sale 106 Sale % 17% 24% 34 1834 57 340 Wheeling & Lake Erie Ry__100 110 5%% conv preferred 100 200 nht Sale 100 Walker 147,700 Western Auto Supply Co... 10 24,900 Western Maryland..: __100 2d preferred 6,600 100 18,100 Western Pacific 100 23,200 6% preferred 100 270 Sale 8% 50% 20% 14% 2% * 17,865 West Penn Power pref 7^.100 12,520 6% preferred 100 96,200 27,100 38,700 19 28 % Sale 1 * * 15,300 3,430 53,200 10,300 6,080 6,110 20,400 4,800 3,300 1,100 1,600 % Sale Sale 110 107 134 Walworth Co $3.85 Sale 2 Waldorf System 4,000 11,630 Sale 68% 100 Walgreen Co 4 % % preferred with 1 Highest Lowest Highest Sale Prices dH 1% Sale 3% Sale 26,100 Warren Foundry & Pipe 25,800 Waukesha Motor Co. 34,300 Wayne Pump Co 820 157 Ask Ask Bid 52 Sale 37% 3534 3534 36% 3334 46% 4534 4534 46% 4534 2 134 2% 134 Sale 7 634 6% 6% Sale 2 1% Sale 1% 57% 55% 52 34 5834 10 12% 11 834 Sale 85 7934 79 8334 161 161 157 16034 70 68 6034 6034 "68"" 100 2,300 3,700 3,500 30 83 14 Sale 44% Ry Co. 100 Preferred A 20 9,500 3,400 54 40 Preferred B 22,500 35,800 6,100 218,900 52,100 9,900 9,100 22,700 8,900 575,100 6,990 116,100 5,500 17,400 6,400 1,900 Sale 112 440 7,300 46 12 5 18,200 3.900 106 45 100 100 Sale 3% Sale 7% Sale 100 15,000 t Wabash 1,000 1,600 44 * 870 7% 1st preferred 15,900 Vick Chemical Co 10 69 Bid 35% Sale 5 180,400 Vanadium Corp of America..* 5 22,600 Van Raalte Co 1,700 h & * 30,200 Vadsco Sales Corp.. 26,700 4,100 Ask Sale 100 118% 3,260 Universal Picture 1st pref__100 6,600 _ * Bid Lowest July 31 July 1 — 70 RANGE SINCE JAN. 1939 Par 2,406,500 United States Steel.97,200 7% preferred 48,600 U S Tobacco 3.760 7% preferred 29,500 United Stockyards Corp Conv preferred (70c) 18,200 62,100 United Stores Anew 4,400 $6 conv preferred 4,500 Universal-Cyclops Steel 9,400 Universal Leaf Tobacco 40 JULY Jan. 3 STOCK.EXCHANGE Jan. 1 Shares PRICES IN Price STOCKS Since 3134 Jan. 1 Jan. 60 Jan. 27 4 12 % Mar. 10 4 1334 Jan. Jan. 4 134 Jan. July 27 7 A'4 234 Apr. 4 80 45 26 5 June 15 35 4934 10534 Apr. 20 114 15 Apr. 10 2534 5034 4134 Apr. 11 2334 1934 Apr. 11 4734 July 15 66 65 43 May 25 5 38 23 34 July 53 3134 Apr. 19 10 120 Apr. 75 Mar. 31 2134 July 1134 Apr. Apr. 934 Apr. Apr. 30 98 5 11 11 10 8534 33 34 2154 11434 2134 11 5 May 8 Apr. Apr. 11 12 234 June 30 74 17 J Companies reported in receivership 9 334 Mar. 334 Feb. 634 Feb. 1 June 24 234 June 24 334 June 29 85 3 1 Called for 8 8 5 Jan. 5 Jan. July 8 Jan. 4 Jan. 6 4 Jan. Mar. 10 Jan. Jan. 18 4 5 Jan. Jan. 3 July 18 Mar. 13 Jan. Feb. Jan. 55J4 Jan. 85 Jan. 5 17 5 4 5 3134 Jan. 2234. Jan. 334 Jan. redemption 4 4 3 OF RANGE Stock Sales PRICES Shares. Jan. 1 to July 31 July 5,189,381 25,925,812 2,740,674 22,215,637 range for the July 31... $36,593,000 205,127,000 .$37,633,000 275,680,000 in the month's range, unless they are the only transactions of the month, in the month in which they occur. No account is taken of such sales in NOTICE—Deferred delivery, under the rule and cash sales, are disregarded and when selling outside of the regular monthly range are shown in a footnote computing the _ Jan. 1 to 1938 1939 Bond Sales 1938 1939 July NEW YORK CURB EXCHANGE ON year. AGGREGATE PRICES IN SALES Since July Shares Shares EXCHANGE 175 1939 STOCKS 750 Acme Wire Co Par new 39,800 2,000 1,000 1,100 25,900 Ainswortb 100 — Mfg Corp com—5 1 11,100 Air Associates Inc common 14,600 {Air Investors Inc common—* Convertible preferred 1,000 * 600 5,100 2,175 7,715 5,320 1,300 3,250 1,300 1,200 1,520 950 100 1,200 800 Warrants Ala Gt Sou RR ordinary Ala Power Co $7 200 400 1 250 8,250 500 1,700 Alles & Fisher Inc common—* Alliance Investment common * * * 100 10 1 Beverage Corp -.100 690 American Book Co 1 com 900 Amer Capital Corp cl Common class B 5,300 10c A 10c * * Centrifugal Corp__l $3 preferred-...-.$5.50 prior preferred 1,400 800 - Sale 8 11 Sale 3# 5# Sale 7 Sale 23 # 63 # 1# 2# 20 # 61 # 13 16# 1# IK 2# IK 3# 6# 7 1K 13# # 69# 95# 88# #6 66 2# # 2# 1# 2 Lowest Highest Sale Prices Sale Prices 17# 14# July 6 Sale 3 # July 17 Sale 5# July 6# July 1# July 5 17 July 28 22 20 21# 3# 5# Sale 1# 16 % 64# Highest Sale Prices 1 7# 1# 16 74,000 American 7# 18# 9 19# Sale 66 Sale 90 Sale 81# 2# # # 101 110# 14# Sale 15 113# 139# Sale July 17 July 14 7 July 7 July 5 July July 25 5 July July 26 16 122 8 July 18 20# 104 Sale 119 9 1% 61 Sale 2# 4 22* 25 61# % 74 2# # 16# 64 Sale 46# Sale 6# Sale 1# #6 19 16# 46 6 Sale 2 1# 44 6# Sale 19# 70 66# Jan. 62# 1# # # 8# 7# Jan. Jan. July Jan. May 29 June 28 May 19 90 Mar. 9# July 17 28 110# Jan. 14 Apr. July 2 1 July 34 May 97 July 91# July 2# July 1# Jan. 9* Jan. 4 July 22 6 July June 12 6 141 Jan. Jan. 4 3 111# July 19 June 9 10 30 June 28 10 4 7 3# 60# 9# 2# Jan. 17 Jan. 6 5 Jan. Mar. 17 noH Jan. 23 Feb. 75 Mar. 2# Jan. # July 31 Jan. 11 35 25# Apr. 10 34 1 9 24 1 3 116 17 19 25 64# June 22 July July July July July July July July July July July July Mar. 18 18 25 9# July 28 18# June 10 Mar. 31 5# Apr. 2 Apr. # Jan. 16# July Jan. 26 8 131 Mar. 11 44 12 71 16# Apr. 1# Mar. 31 July 3 9 Jan. 3 46# July 6# July 2# July #6 July 16# July Jan. 18 8 108 74 July 31 2# Jan. 104 5# July 132# July 111# July 1# July 6 45# July 3 6 July 8 2 July 25 #6 July 14 16# July 25 Sale Sale 1 June 28 71 July # July 5 3 J an. 11 June 29 97 1 9 3 8# Jan. #6 Apr. 60 Apr. July 28 June Jan. 6 14 91# July 2# July July 17 21 1 20# Sale dH 6 1# July 14 July # July 69# July 124# July 116 July July 113# July 115# Sale Sale 17 17 Sale July 16# 5 July Sale 119# July 128# Sale 110# 111# 110# July 103 Sale 108 19 20# Sale 10 9 9 7 17 128 14# July 18# Feb. 3# July 5# Apr. 6# Apr. 17 14 # 2# 1# 5 3 3# July 6# July 7# July conv 14,200 Amer Box Board Co 100 2,800 $3 17,400 Ameriban 300 «. 20 6 Lowest Ask Allied International Investing * 1,800 Aluminum Industries com 57,400 Aluminium Ltd 3,400 6% preferred. 80,100 American Airlines Inc 200 16 14 24 22 * preferred * 400 Allied Products Corp com—10 Class A 25 550 * 66,650 Aluminum Co common 15,600 6% preferred 100 7,500 Aluminum Goods Mfg 60 2,300 50 Aks Bid Bid Sale Prices July 31 July 1 Ask preferred.. $6 preferred 600 11,250 1,600 Did com__—10 500 Aero Supply Mfg class A new.l Class B new 1 3,666 1 Jan. 3 Jan. 1 CURB RANGE SINCE JAN. JULY Price NEW YORK In 9 6 7 13 Amer Cities Power & Lt 4,000 70 Corp— -25 Class A with warrants 25 14,400 Class B 1 26,575 350 Amer Cyanamid com class A_10 35,800 Common class B non-vot--10 1,125 1,100 Conv class A 11,425 625 207,400 8,600 8,550 289.400 10,700 24,000 5,025 50 725 1,100 1,350 26,000 1,900 1,600 Amer & Foreign Power warr— Amer Fork & Hoe Co com—* American Gas & Elec com.- * $6 preferred 10c 1 1 American General Corp $2 preferred $2.50 preferred 750 3,200 Amer Hard Rubber Co com.50 225 900 American Invest of 111 com—* 11,000 American Laund Mach com .20 400 1,800 500 500 30 6,000 1,200 175 3,700 500 21,500 500 10,800 700 1,300 600 800 5,600 11,900 3,100 320 1,100 5,200 13,100 2,500 6,858 400 100 13,400 «»._ - - - 3,700 6,100 2,000l 10] 32] 116 Sale Sale Sale 4 K Sale 24# Sale 26# 28# 10 Sale 17 18# 10 10# 9# 10# 36# Sale 33# Sale 114# 114# 113# Sale 4# 3# 3# 4# 29 29# 25# 25# 33 31# 29# 32# 7 8 8# Sale 16# 33# July 16# July 23# 26 27 15 16 -100 50 85 54 80 Preferred 93,900 American Maracaibo * 10,800 American Meter Co Amer Pneumatic Service "2",475 Amer Potash & Chem Corp..* 56,600 Amer Republics Corp coin __ 18,300 Amer Seal-Kap Corp com 180,600 American Superpower 1st preferred $6 series 6,900 Preferred $6 series 69,900 A 71* 19 Sale 3# 1# 2# 12# Sale Sale Sale Sale * 10 Warrants 1,100 Assoc Laundries of America_.* Yot trust ctfs common * * to! Oil Assoc Tel & Tel clas* A Atlanta Birmingham & Coast RR Co preferred 100 60 Atlanta Gas Light 6% pref.100 * 37,100 Atlantic Coast Fisheries 50 1,760 Atlantic Coast Line Co 1 5,000 Atlantic Rayon Corp 44,500 Atlas Corp warrants 200 Atlas Drop Forge Co com 5 * 26,900 Atlas Plywood Corp — 1 123,500 tAustin Silver Mines 26.700 Automatic Products Corp. —5 For footnotes see page 53. 5# % Sale 70 109 14# 3# 1# 2# 10# # 2# 5# Sale Sale Sale 6 16# 17 28# 12# # 6 6#, # * 16 3# Sale 2# 11# # 2# 2# 6# 6# 4# Sale Sale 5# 4# 8# % 1# 8# #« # 9# Sale Sale Sale Sale Sale 8# 9# # # # Sale 8$ 5# 4# 9 % Sale 75 19# 3# 1# 2# 1 6# Sale 77 Sale 3# 1# 2# 12# 11 Sale # 2# 2# 7# 34 1# 30 28# # 10# 39# 114# 4# 27 June 26 o 22 63 70 6 June 29 Jan. 4 6 60 # 4# Sale 3# 65 3# Sale 2# Sale 4 % Sale 2# 11# 13# #6 # 2# 2# 2 24" Sale" "3# # 2# Sale Sale 5 5# 4# 5 9# 10 # ,# % Sale 8# 9# i«4 Sale 70 65 100# 3# 3# 24 Jan. 9 27 Jan. 12 26# Jan. 15# Apr. 13 Apr. 25# Apr. 9# Apr. 6# Mar. 31 13# July July % July 31# July 54 Sale 4 2# 15# 2# 16 % # 2# 2# 1!* Feb. 3 Mar. 10 Jan. 3 Jan. 19 July 27 31# Mar. 3 10# Jan. 18 29 34# June 1 18 Mar. 2 18 Jan.\ 9 29 Jan. 15 June 16 Jan. 17 7 5 1# Mar. 2 31# July 28 66 Jan. Feb. 70 Apr. 15 5# Apr. 4# Jan. # Apr. 9 # Jan. 20# Apr. July 11 110 # 2# 2# 6# 91# 4# 4# 9 # # 8# »64 55 July 6# July 6# July # July 77 July 21 July 3# July 1# July 2 # July 11# July 70 July 6 July 6# July # July 74 July 15 July 3# July 1# July 2# July 67 3 8 July 6 July 3 July 7 July 19 July 21 July 27 Jan. 65 July 6 2# July 6 19 July 11 3# July 21 # July 5 13 July # July 2 # July 7 5 77# Mar. 108# Jan. % June 1# Apr. 2 Apr. 5# Jan. 78# Apr. 4# July 4# Apr. 16# June 19 112 Jan. July 21 July July July July 11 5 21 21 25 25 5 17 6 Mar. 21 13 27 10 1 10 6 18 10 19 14 13 14 65 July 96# Jan. 2# Apr. 17 Apr. 3# Feb. # Apr. 2# June 15 June 30 #s Apr. 14 1# Jan. 28 Mar. .% Jan. 1# Jan. 25 12 6 # Feb. 17 3# Apr. 22 3# Apr. 22 7# Apr. 22 95# June 1 7# Mar. 1 5# Feb. 17 16# June 13 15 11' # Jan. 4# 20# 3# 1# Feb. 3 1 6 3# Apr. 20 1# Jan. 3 3# Feb. 8 14 Jan. 20 # Jan. # Jan. 5# Jan. *«4 Jan. 66 July # July 2# July Feb. 27 8 July July July July *64 July # July 9# # # 9# 17 June 1 Apr. 3# July 1# Jan. >2# Apr. 10 Apr. July 18 July 3 111 July 22 # July 22 3 July 25 July 5 3 July 25 July 3 July 3 7# July 31 95# July 20 July 11 July 18 5# July 6 5 July 8 July 20 Jan. 7 13 ----- Sale 1 30 8# Apr. 26 31 Apr. 40# 112# Apr. 17 116 3# May 2 4# 60 68 # QQ '"3# 19 28# Jan. 2# May 23 "3" Jan. July 33# July 16# July 17# July 29 July 15# July 28# July 9# July 54 July # July 27 July Mar. 10 2# 10 10 Apr. 18# Apr. 31# 8# July 29 Mar. 13 # 70 6# 67 Sale 6# % 74 13# # % 72 Sale 29 65 ' 54 111 # 2# 2# 6# 34# 1# Sale 27 31# Sale * American deposit rects—£1 6,200 9,700 Assoc Gas & Elec common—1 Class A 1 123,800 $5 preferred 49,600 * 40 Sale 2K 890 Arkansas P & L $7 preferred.* 5 7,900 Art Metal Works comhion 53,500 Ashland Oil & Refining Co..l 58,258 68 67 65,000 Arkansas Nat Gas common. Class 61 9 * 9,500 Apex Elec Mfg Co common—* Appalachian Elec Power— $7 preferred * 1 23,700 lArcturus Radio Tube 16# Sale 28# 10# 56# y # 56 1# \ 27 5 2,550 Preferred # 26 6# 6# 7,200 Angostura Wupperman 43.200 Sale 29# 10 2 * * 10,600 American Thread preferred 9,100 Anchor Post Fence common._* 239,400 # 28 23# # , 33 33 1#; 16# 15# 28# 9# 30 4,300 28# Sale 1# Sale 1 Sale 300 M Sale 34 29# July 29# July 1# July 26 July 23 July % July 9# July 33# July 112# July 3# July 25# July 29# July 7 July 29# Sale 28# 29# 17 25 Assoc Breweries of Canada Associated Elec Industries— 1,400 200 Sale 2 29# 56,900 American Light & Traccom.25 2,800 6% preferred —25 3,400 American Mfg Co common. 100 1,000 400 27 27 11 0 3 3 Mar. 10 Jan. 3 # Jan. 3 2# May 23 68 Apr. 17 98 ' Feb. 3 4# May 27 31# Jan. 4 4# Jan. 10 1 # July 25 3 June 13 25# Jan. 12 # Jan. 9 3 Apr. 29 1 \ NEW 42 YORK EXCHANGE CURB AQOREOATE SALES PRICES NEW In Shares 400 500 """200 9,700 980 100 5,600 850 19,700 1,300 1,900 2,400 300 1,500 12,400 """loo 300 100 8,100 10,600 10,100 30 100 750 250 1,700 300 1,350 • Jan "700 "~7", 600 1,650 4,900 1,100 600 1,100 140 50 200 Shares . STOCKS Par (Continued) Bid 1 7% 4% 13% 13% * 57,700 Babcock & Wilcox Co Baldwin Locomotive— 7% preferred 12,850 30 Purch warr for common 154,200 1 11,800 Baldwin Rubber Co com 1 10,700 Bardstown Distillery Inc 1 63,300 Barium Stainless Steel 3,600 Barlow & Seelig Mfg class A-.5 11,800 Basic Dolomite Inc common. _1 1 67,500 Bath Iron Works Corp 100 Baumann (L) & Co com. — * 420 7 % 1st preferred 100 660 7% 1st prof vot tr ctfs—100 2,400 Beaunit Mills Inc common__10 900 $1.50 conv preferred 20 28% Sale 22 7 3 3% Sale 1 204,500 Beech Aircraft Corp com 113,700 Bell Aircraft Corp common—1 97,000 Bellanca Aircraft common—1 740 Bell Telep Co of Canada—100 850 Bell Telep of Pa- 634 % P^f .100 3,350 Benson & Hedges common—* Convertible preferred * 1,975 27,000 Berkey & Gay Furniture Co..l Purchase warrants 15,800 * 8,410 Bickford's Inc common 600 $2.50 conv preferred * 6,000 Birdsboro Steel Fdy & Mach_* Blauner's common * 88",200 Bliss (El W) & Co common—1 5 4,650 Bliss & Laughlin Inc com Ridge Corp common—1 $3 optional conv preferred.* (S) & Co com * Bohack (H C) Co common—* 7% 1st preferred 100 Borne Serymser Co 25 Bourjois Inc * Blue Blumenthal 1% 3% 8% 8% 5% 19% 19 1% Sale Sale 7S 1% 16% 17 43 7% July 4% July 5 July 19 17 13 31 % July July Sale 5% 2% July 6 2% July 21 6% Sale 6% Sale Sale 2 10 Sale 35 49 35 40 35 Sale 3 4 4 5% 13 6 15 8% 7% 36% Sale Sale 5% 19% Sale 10 Sale 3% 10% 5% Sale 10% Sale 5% 20% 122 14% 17% 27 32 17 18 20 July 22 7% July 22 6 July 35 4 2% July 10% July 11% Sale 5% July 19% July 5% July Sale July 121% July 1 29% Jan. 5 22% Mar. 3 Ap* Jan. 35 July 3 % July 20 29 10% July 28 26 6% July 24 % July 8% July 1 1 164 16 11 % 15% 15 6 6% 4% July 13 5% July 25 Sale 16% Sale 19 22 1% 39% 8% Sale 23% 10 Sale "5% 8% July 16% July 5 12 11% July 19% July 31 25 8 Sale 1% 37% 7% 2% "4% 3% 8% 5% 8% 10% Sale 4% 2 1 1 41 6 % July July 11 31 5% July 5 2% July 6 22 July 12% July 10 5% July 31 Sale 40 % 38 Sale 5% 6 2% 3 38 Sale 3% 20 22 22 24 11 13 12 13 3% 4% 1% 4 1% 5% Sale 1 % 12% July 5% July 3 3 23 Jan. 23 Jan. 13 Feb. 28 3 16 Jan. Jan. 3 June 17 Mar. 10 28 July 21 5 3 Mar. 21 June 8 Jan. Jan. 17 40 8 10 11 Jan. 5 17% Jan. 20% Jan. 1% Jan. 20 July 24 42 34 6% July 3% July 24 July 2 Feb. 45 % Apr. Apr. 4% Apr. 2% Jan. 17% Apr. 10 Jan. 3% Jan. July July 42 Apr. 13% Apr. 6 4 Jan. 38% July Jan. Mar. 13 4 Jan. 123 Jan. % Apr. % Mar. 34 7% 6% Mar. 8% Jan. 11% 36% 10% 175% 4% July 5 27 1% Jan. 10% Mar. 4 31 13 Jan. % July % July 14% July Sale Feb. 5 118% Apr. 38% July 45 July % July % July 15% July Jan. 40 Jan. 17 6 Jan. 2 5% Jan. 19% July 5% Apr. 28 174 July 14 121% July 9 in 50 May 30 Apr. 2% July 10% July July July 32 39 35 15% 20 27 28 14 29 10 8 18 6 25 24 31 14 15% Apr. 4 Apr. 5 Apr. % Mar. % July 7% Jan. 4 May 4% Mar. 22 8 4 Jan. 48% May 10 2% July 21 18 28 Feb. 1% Jan. 35% Mar. 31 2% July 21 2 Sale £ 15 4 27 41 % % % Sale 12% 14% 15 35 121% 123 119% 122 10 28 June 29 22% July 6% July 7% July 1 July % July 9% July 174 120 8% Jan. 13 4% Jan. 10 8 16% Feb. 2 21% July July 39 35 % July 29 2% July 24 45 July 10 2% July 21 10 17 5% 8% 17 11 6 7 18% July 7 4% July 5 5% July 6 % July 6 % July 8% July 26 7 5 July 5 5% July Sale 2 10 5 41 Sale 50 6% Apr. 2% Apr. Apr. 14% May % June 15 21% Sale 5% Sale 7% 6% 9 4% 5% Highest Sale Prices 17 2 % 1 Sale "6% "T% Lowest Sale Prices 3 % July 1% Sale 44 20% 2% Sale 4% 5% ^ Highest Sale Prices 7 7% 4% Sale 15% 17% 13 1 2% 41% Lowest Ask Ask Bid 7 7% Bid Sale Prices July 31 July 1 Ask 8,200 Auto Voting Machine com—* 5 4,800 Avery (B F) Sons Co 375 6% preferred with warr—25 ou 6% preferred ex-warr 25 Purchase warrants 1,700 203,000 Aviation & Transport Corp._l 6,800 Axton Fisher Tob class A—10 100 Ayrshire Patoka Collieries _.l 31,900 10,600 1,900 3,200 1,030 1,250 3,600 RANGE SINCE JAN. 3 1939 Jan. 1 July JULY IN Price YORK CURB EXCHANGE Since 9 Jan. 4 Feb. 5 17 26 June 9 14% May 17 4% June 26 Bowman Biltmore Hotels— 1,900 950 1,300 2,500 7,000 17,900 * Common 25,100 7% 1st preferred 7,200 2d preferred22,600 49,900 Brazilian Tr Lt & Pr ord 114,400 Breeze Corp 177,300 Brewster Aeronautical 100 * * 1 Sale Sale 3 % Preferred. 900 100 . class B Class B 5,700 7% preferred 4,200 4,900 Brillo Mfg Co common Class A 1,080 600 400 200 30 — * f ----* -.100 * 21 19 8% Sale Sale 4 Sale 4 Sale 4 July 1 Sale 7 Sale 7% Sale 7 July 1 35% Sale 100 19 1 8 31% 7% 71% % 4% 1% 28% 800 Bright Star Electric 7,400 Brill Corp class A July July 20 7 8% Co..___* .* 34,100 Bridgeport Machine com 10 Sale 9% 1% July 8% July 12% 300 1% 9 "2% Sale" Sale Sale1 1 100 Bridgeport Gas Light "2"800 1% 20 32% % Sale Sale 32 11% 8% 35 Sale 4 67 75 11 7% 73 % 2% 1 % 3 1% 33% 3% 70% % 2% 1 28 29 11% 12% 12 1 7 July July July July 3 % May 6 7 May 18 7% July July 1 3 3 18 July 12 7 July July July July 13 July 32% July 21 % July 3 22% July 27 28 19 22% July 21% July 28 19 3% July July % July 2% July 1 July 73 % 2% 28 Sale 12% July 12% July 32 14 4 3 3 73 6 6 17 20 19 19 26 July 2% 8% 4% 8% % 2% 1 % 29% 18 18 18 17 Jan. Jan. 32 37 4 75 1% 23 July July 1% July 1 % July 13 17 3% Apr. 8 May 23 % June 27 2 Apr. 11 1 Apr. 10 21% Apr. 10 9% Jan. 20 29% Apr. 4 68 3 Jan. 17 24% Jan. 4 5% Jan. 18 12% Mar. 10 11% Feb. 23 12 % J an. 3 32 Jan. 17 7% Jan. 3 77 Mar. 15 % Jan. 12 5 4% Jan. 1% Mar. 16 32 June 7 13% June 7 32% June 9 British-American Oil Co— 4,800 1,800 300 * * Coupon stock (bearer) Registered. _ 21 21% 21% 21% 21% 22% 22% 22% 22% 22% 22% 21% 21% 23 23% 21% 21% 22% 23 21% 21% 22% 22% 21 20% Apr. 12 20% Apr. 26 22% Mar. 1 22% Jan. 20 British Amer Tobacco Ltd— 500 7,500 300 500 Amer dep rets ord bear._£l £1 Amer dep rc ts ord reg Celanese Ltd— 22 July 21% July Feb. 28 Jan. 30 24 21% July 19 22% June 27 21 British Am dep rets ord reg 475 British Col Pow class A 50 1,000 900 20 300 5,200 1,000 1,800 1 10,300 Brown Forman Distillery 520 $6 preferred .* Brown Rubber Co common..1 45,600 2,400 5,150 43,300 8,050 26,100 Bruce (E L) Co —5 Buckeye Pipe Line 50 Buff Niag & East Pow pref_25 $5 1st preferred* Bunker Hill & Sullivan—2.50 600 Burma Corp Amer dep rcts... """400 900 100 12 %c 5,800 Burry Biscuit Corp % 1% % 1% 1% 2 * 7,400 jBrown Co 6% preferred--100 7,600 Brown Fence & Wire com___l Class A preferred ,— * 1,100 300 11,500 100 10s 3,500 2,000 1 % July July 12% July 2 1 % July 26 13 27 July 18 13 July 13 24 July 18 5% July 12 2% July 25 2% July July July 25 17 25 13 21 27 18 7% 6 2% Sale 15 2% 3 2 2% 5,000 Cable Elec Products com._.50c Voting trust ctfs. 50c 21,600 12% 5% 5% .2% Sale 16% Sale Sale Sale 11 4% Sale 15% 27% 20% 106% 13 11 21 2% 2% 3 4 2% 11 Sale 5 2% 30 3 Sale 11 10% July 29 31 28 20% 31% 20% 22% 22% 12% 1% 1% 13 2 2 13% 1% 1% 9 29 %. 9% 1 % % % % 3% 4% 18% 16 22 20 %o % 3% 16% 4 17% 16 33 34 19 July 20% July 105 July 13% 13% July July July 24 July 20 July 3 July 14 106% July 6 14% July 3 30 4% 10% 32% 22% 18 27 12 17 2 2 1 1 % % July % July % July 17 25 26 1% July % July % July 5 % Feb. 23% Feb. 16 10 7% Mar. 31 4% Apr. 10 20 Apr. 10 Jan. 5 7% Jan. 23% Jan. 3 5 42 6 Jan. 3 17 Jan. 4 34% Mar. 23 23% Mar. 9 Jan. 10 15% Jan. 2% Jan. 2% Jan. 26 107 Apr. 1% May 1% Apr. 26 26 26 June 13 20 4% May 29 May 29 1% Apr. July 2% Apr. 9 May 27% Jan. 19% Apr. 102 Apr. 30 11 1% July 28 % May 23 % Jan. 17 3 7 May 25 1 % Mar. 2 1 Caoles & Wireless— Am 700 dep rects 5%% pref__£l 700 Calamba Sugar Estate Co 20 Camden Fire Ins Assn 5 ~ 50 13,400 400 12,906 125 8,200 "1,406 200 380 350 11,700 500 1,900 "4,700 2,550 800 80 550 700 30 540 700 500 1,650 Canadian Car & Fdy pref—25 40,200 Canadian Colonial Airways—1 5,500 Can Indus Alcohol class A—* B non-voting —* "73",800 1 Canadian Marconi Co 1,525 Capital City Products... 57,200 Garib Syndicate com 2% 3% 1 1% * _25c 300 Carman & Co conv A stock..* Class B__. ----* 1,500 * 8,500 Carnation Co common 10,500 Carnegie Metals Co cominon.l 2,390 Carolina Pow & Light $7 pref.* $6 preferred 940 * % % Sale 98 99 91 92 94% 11% 20% * 14 Castle (A M) & Co 10 1 47,900 Catalin Corp oi America Celanese Corp of America— 7% 1st partic preferred..100 7,060 15 4,000 Celluloid Corp common 1st preferred part * 1,720 $7 dividend preferred ' 1,700 9,200 Cent Hudson Gas & Elec corn120 Cent Maine Pow 7% pref. .100 4,170 Cent N Y Pow 5% pref.... 100 1 8,700 Cent Ohio Steel Prod 3,075 Cent Pow & Light 7% pref.100 21 6 4% 23% Sale 90% 3% Sale 4% 13% 7 6% 15 14 10% 16% 2% 93 3% 14% Sale 7% 12 18% 3 Sale 3% 14% 13% Sale 6% 7 14% 14% 18% 20% 3% Sale 105 4% 20% 14% 91% Sale 93 93 94 95% 7 7% 7% 100% 102% 109% 525 750 25 \- 50 1,900 Common. _50c 32,100 52,100 Central States Elec common..1 7% preferred 100 5,125 6% preferred 100 11,673 Conv preferred 100 1,275 Conv pref opt ser 1929--100 1,750 * 25,900 Centrifugal Pipe Corp Chamberlin 100 400 200 Metal see page 1% Sale 9% 4% 4% 4% 4% 10% Sale Sale Sale Sale 6% 5% Sale 6% Weather Strip Co 4,500 1,600 Charis Corp common.. 750 Cherry-Burrell Corp com For footnotes '8 5 10 .5 . 1 1% JA cX 7% 2% 2% 2% 3% 8% 2% 3% 3% 4 1 % July 4% July 1 July 13 26 15 July 29 % July 98% July 94 July 11 10 28 31% July % July 96 July 90 July 10 11 3 7 11% July 6% July 12 July 1 7 6 14% July 2% July 7 •3% July July July July July July July July 7% July 93 Sale Sale Sale 100% July 4% 7% 4% May 24 17% Jan. 6 19% June 5 4% May 17 1 % Apr. 8 33% Mar. 3 8% June 19 2% Jan. 17 3 % Apr. 4% July % Feb. 4 10 3 1% June 8 1% % 8% 2% 3% 3% 3 % July July July July July July July 4 % July 7 July 13% July 53. \ 34 7 15 1 106 July July July July July July 11 96 July 13 8 July 3 109% July 22 4% 56% 12 20% 31 14% 11 103% 12 6 6 15 5 14 18 10 1% % 12% 3% 3% 3% 4 29 31 13 27 20 17 27 21 31 July July July July July July 24 July 20 6 4% July 7% July 18 13 % July 5 25 8 May 1 4% Jan. 12 July 29 % Jan. 18 99% May 16 94 July 28 34 85 Feb. 78 Jan. Apr* 5% Feb.i 23 9 Apr* 11 17 May 17 2% Apr. 1 21% Jan. 7 May 15 Jan. 23% Jan. 4% Jan. 29 76 3 Apr. 106 July June Feb. 5% 61% 27% 14% 103% Mar. 10 48 18 Apr. 13% Jan. Apr. 85 Apr. 6% Apr. 90 85 1 24 28 9 4 22 3% Apr. 24% Jan. % Apr. 10 July July Jan. 1 % Mar. 20% May 3% 53% 18% 14% , 6% 22 18 20 3 93 1% Sale % Sale 9% 12 3% 3% 3 4% 2% 3% 3% 4 4 % 22% July 8 July 1% July 10 100 §5 27 11 1 1 % July Sale Central & Southwest Utilities— 6,100 5,800 July 6% July 1% July 21 Sale Sale Sale 1 6 3% Feb. 16% Feb. 4% July % July 5 Sale 96% Sale 1 1 1 2% 2% Sale 89 Sale Casco Products 1% 1% 4% 21% Sale 96 82 % 2 21% 25 4% 4% 33% Sale % % 88 , 1 7% 25 4% 31% 21% 3,% 3 Sale Sale 2 Sale 4% 17% 29% 30 4% 24% Sale 89% 18% 24 Carrier Corp common Carter (J W) Co common 127,700 3,500 8,400 350 6% 1% 1% 1% "~2% "_3% 4 7 Jan. Apr. % Apr. June 30 18 2% July 14 3 18 2% Apr. 22 3% May 9 5 June 20 4 Apr. 11 5 5% Jan. 23 25 Apr. 20 18 xl2 97 Mar. 13 Mar. 11 July July 20 17 June 15 1 9% Feb. 109% July 31 1% Jan. %4 Jan. Mar. 5 Mar. 5% Feb. 4% Jan. 4% Jan. 14 7% Jan. 7% July 15 Jan. 20 5 11 11 9 19 3 4 25 24 43 CURB EXCHANGE TORE NEW Aug., 1939] AGGREGATE PRICES IN RANGE JULY SINCE JAN. 1 SALES Price NEW YORK CURB Since Jan. 3 EXCHANGE 1939 Jan. 1 Par 3,200 Chesebrough Mfg 25 16,550 Chicago Flexible Shaft Co—5 3,900 Chicago Rivet & Machine 4 7,400 Chief Consol Mining Co 1 10,675 Childs Co preferred 100 128 ' (Continued) 133 7X 4 50 54 60 M 61 55 6X Sale Sale 37 X 36 5X IX 2X Sale 2 Sale 7H 4X 8X Sale 4X Sale 92 Sale 551 Sale Sale 5X JX 55 66 X 69 64 67 4X X Sale X X — Sale 5X Sale 54 Sale 5 Sale 50 Sale 77 X Sale 80 Sale 5% % Sale X 40 X 39 4X IX 2X 59y Sale M« 39 IX 2X Mi 2X 4X 4X 78 11,300 Cons Retail Stores Inc com. ...1 .100 280 8% preferred ..10 8,600 Consol * 40,700 Consol Steel Corp common 1,550 Cont'l G <fc E 7% pr pref... TOO 200 Continental Oil of Mexico.. ...1 19,000 Cono Roll & Steel Fdy com __* 4,400 Cook Paint & Varnish Co.. 15X 2 2X 4X 5 79 2 J6 Sale 2X 4X 5X 83 X 4% 5 81 Sale 336 Sale a32 26 25 X X 15X 15 5% preferred Courtaulds Ltd 1 * 1 91,400 Cosden Petroleum com 12,980 * * 5 5c 50 31,900 Croft (The) Brewing Co 1,800 Crowley Milner & Co com 5 8,600 Crown Cent Petrol (Md) 1 6,200 Crown Cork Internat cl A....* 2,500 5^6 8% 6X Sale Sale 72 X 59 X Sale 59X Sale 6 in iv n 6*4 Sale 81 Vi 84 Me X 9X 9% 7X SX Preferred 930 200 IX Sale 26% 27X Mi Mi 15X Sale 150 4,550 10 '""loo 2,900 300 1,350 700 11,300 400 100 750 6% preferred 3,300 Cuban Tobacco com v t c 22,250 Cuneo Press com 6 >6 % preferred 900 Curtis Lighting Inc com ""700 Curtis Mfg Co (Mo) 12,100 3,600 28,650 3,000 56,250 6,400 1,700 8,600 Darby Petrol Corp Davenport Hosiery Dayton Rubber Mfg new 3 3X 3X IX IX 3X 4X 90 X IX 4X 94 X X ex iox 87 X 5x SX ex 9X 4 IX 5 95 X 7* 12X 70 1 6X Sale Sale % Sale 3 3X 2X Sale 9X Sale 23 X 7X Class A Derca Records common A* 49 IX SX 14X IX 2X 80 IX SX 17X 4X 1SX Sale IX IX 73 3X 13X 1 2 4X 14 IX 2X 82 80 IX 9X 1 10X nV* J* 2 3 IX 2 9 X Sale X 536 Sale X 34 236 2% V/* ^ 11 Sale a Sale Sale Sale 20 X Sale 35 1 Dejay Stores Inc common. . DennisonMfg7% pref—..100 Derby Oil & Ref com * A conv preferred 65 * 7% 14X 16 25 7 130 De Vilbiss Co common M - - "275 200 300 ""300 "166 3X 47 X 3 2X Sale 50 4X 4X 15 17 13 1336 27 5Vs 5 25X 5 % 4X 2 2X 45 7X 4% 5 17X 15X 30 X Sale 5 IX 35 X 2X 45 4X iex 15X 30 27 1 5536 Jan. 236 Apr. 6 6 2736 July Mo July 21 6 6 16 22 25 36 July Mi July 15X July July 7 5X July 9X July 53 X July 14 12 24 24 26 53X July 24 6X July 11 July 14 X 1X 2X July 77 July IX July 83-1 July 82 IX 10 19 20 July 18 July 7 July 18 July 18 July 19 July 27 7X July 63-6 July July 436 July Mi July 2 July IX July 936 July 20 X July 18 5X July X July 2 July 2 July 11 July July July 1 X July 16X July X July SX July 2X July 47X July 110 July 24 July July 4 July 18 Mo July SX July July 29 21 19 11 14 18 31 3 9 Sale Sale 9 15X IX V/s Sale Sale Sale 14X 15 IX Sale IX IX 1 IX 20 X Sale 22 X 24 a 2 2X 30 17X IX IX IX X IX 24 ord reg. £1 43,500 Divco-Twin Truck Co com—1 3,800 Dobeckmun Co common—...1 * 25 Dominion Bridge Co 8,700 Dominion Steel & Coal B—25 * 40 Dominion Textile Co com 100 Dominion Tar & Chemical...* Am dep rets 1,800 Draper Corp * 3,200 Driver Harris Co common—10 7% preferred100 1 12,366 Dubilier Cond Corp com 100 2,025 Duke Power Co * 3,300 Durham Hosiery cl B com 1 43.500 Duro-Test Corp common 6.900 Duval Texas Sulphur IX 3 23X 26 X 27 IX 2X 23X 22 X 4X 7 6X 5X Sale 1 21X _* 5 13 36 Apr. 3X July July 13 X July 25 X July 5X July 5 July 12 5 6 11 18 15 2X Apr. 1 86 Mar. 31 IX Jan. 11 3 Apr. 10 84 Jan. 7 36 Mar. 23 5 Apr. 8 8X Apr. 3 5236 Jan. 11 1 Apr. Jan. June Apr. 11 26 30 10 July 436 1536 336 1036 19 136 June 15 Feb. 3 36 Mar. 31 4 Apr. 1 74 4X Apr. 10 June 30 436 Apr. 1 X Apr. 25 2 Mar. 31 163! 13 11 30 24 4 28 22 6 July 136 Feb. 636 Jan. 4 3 15 1 4 92 Ma Mar. 24 Mo Mar. 22 4 936 Jan. July 26 5536 Jan. 10 11 4 7 9 18 Jan. Mar. 9 20 536 Jan. 1436 July 1J6 June 3 36 Mar. 90 Mar. 136 July 10 June 12 15 15 19 20 736 July 29 23 36 Jan. 3 J an. 16 9 36 3 10 14 36 Apr. 27 Jan. 6 36 Mar. 3 Jan. 21 11 Feb. 17 July 31 18 Mo Apr. 7 Feb. 2 36 Apr. 4636 Jan. 20 108 6 Apr. 4M July 736 July 5 July 3 12 18 27 27 18 2 13 336 July 1436 Jan. 9 Apr. 23 36 Apr. 5 Apr. 4X 2036 136 3536 136 Feb. 6 July 18 Me July 28 10 Jan. 19 436 Jan. 5634 May 110 Apr. Jan. 10 July 95 May 19 136 Apr. July July 30 X July 20 Jan. 9 July July 6 3 6 16 Jan. 16 11 Jan. 30 37 6 36 Feb. July 25 814 Jan. Apr. 11 83 July Jan. 14 May 20 12136 June 136 Feb. Apr. 12 Jan. June 29 60 19 17 Jan. Jan. 110 10 6»j 2936 June 7 X Jan. 20 15 18 28 27 7436 May 13 4X Jan. 21 14 Jan. 23 Apr. 11 Mo June 22 24 503-6 July July July 3 18 18 2 2 13-6 July 5X July 95 6 1M July 26 3636 Mar. 8 3736 13 15 18 Jan. 3 8 116 X X July July 6X July 5 July 17X July 3X July 13 X July 17 4 July 436 Apr. 28 9 Jan. 4 9436 Jan. 5 8 6 % May < Apr. 71 July IX July 453-6 July 11 15 3 3 1 July July 120 3X July 95 July IX July 4 July 9 4 Apr. 22 26 436 4X 4X July 83 11 7X Mar. 10 24 11 26 31 6 7 Mar. 3 X Mar. 3 8 Jan. July 1X July July 5 19 5 636 Mar. 2 11 16 21 17 35 Mi July July July 1 30 June 15 11 x42 11 31 136 Apr. 4X Feb. 4 Apr. 70 Apr. July 3X July 3 9X Feb. 6 5936 June 30 536 July 5 55 July 5 81 Feb. 4 84 Feb. 6 7 Jan. 4 536 Mar. 10 20 36 Mar. 14 136 Jan. 6 336 Jan. 10 536 July 1 4336 Mar. 22 3 36 Feb. 2 37 Mar. 13 53 36 Jan. 12 55 Jan. 4 July 4 36 Jan. 1536 July Mo July IX Apr. 5 11 22 13 73 July 2X July 3 Jan. 10 15 6 4 29 736 Feb. 17 736 Jan. 4 1836 Mar. 29 17 X Mar. 11 8 11 8 Feb. 6 Feb. 1 Apr. June 15 5 3036 7 36 636 28 236 36 11 July 27 July 27 Feb. 23 June 28 May 31 Apr. 4 July July IX July IX July X July 20 July 1 11 10 13 12 6 9X July 20 July 24 IX July IX July IX July 25 22 X July 28 26 11 20 28 9 15 16 IX 23 Sale 7X July IX July 4 9X 12" ~12X 5 9X 4X July 6 July 3 22 July 17 5 8 10X UX UX 11 July 25 IX July 12 6X July 6X July 29 26 12 July 25 7 Apr. 21 13X Jan. 24 1 June 19 1X May 1 36 July 12 1836 Apr. 24 Jan. 20 10 Mar. 22 14 Jan. 9 IX Apr. 11 936 July 20 July 24 Jan. 20 Jan. 4 Jan. 3 31 H Jan. 5 2936 Apr. 26 2036 Apr. 336 Apr. 2136 Feb. 21 636 July 29 6 Julv 30 8X 15 M 10 130 500 70 36 Jan. 58 236 Jan. 3 5 Apr. 29 736 Jan. 3 10 100 7% preferred 2,275 Diamond Shoe Corp com 700 Distilled Liquors Corp Distillers Co Ltd—• 500 16",000 2X 47 X 35X 7X 1,200 5X Sale 14 H 400 7X 15 Sale 27 Sale 4X 6% preferred w w. 20 2,500 18,200 Detroit Gray Iron Fdry com..l 1 6,000 Detroit Mich Stove Co 4.500 Detroit Paper Products 1 * 7,700 Detroit Steel Products. 1,500 12 11 7 11 79 8 . 3436 Jan. 4 Apr. 136 July July 4X July IX July 236 July 6X July 9 July July 4% July 4 H July 81 July 6 3,900 Detroit Gasket & Mfg Co.-.-l 1,600 A* 50 100 * 5 700 «. 75 1 X 6X 300 «. 2'X 3X 3% 12 ~2X ex Sale 10 5 * 1 July July X July 42 4X July 4X 4X 4X 5 X July 6X Sale Sale 82 X 84 77 X July Sale 118 USX July USX 120 X 117 X July IX Sale X X 38 X July 44 45 3SX 3SX 25 * * 53! 16 4X 2,400 500 82 5X 77 J-6 Sale '~5X "I'x IX 26,000 275 July July July 5X July 55 79 18 1 5 5 28 28 18 14 21 12 2X July 4X July 5X July 83 July Sale IX ...£1 Am dep rets for ord stk reg-2,600 5 110,400 Creole Petroleum com 34,600 Crocker Wheeler Elec Mfg— 5X July Jan. 9 Feb. 28 Jan. 4 14 130 ! 5X Apr. X Apr. 3436 Apr. : 37 8 >6 — 26 6 57 X July Apr. Jan. 110 62 29 11 Mi IX 28 22 6X July 5X July 1 July 21 5 July 12 50 July 20 eex July 5 70 July 5 4 July 5 5X July 20 15 X July 18 Mo July 26 53 2 $4 preferred 23,800 Cooper Bessemer Corp com 3,300 S3 prior preferred 6,600 Copper Range Co10,400 Copperweld Steel com 11,100 Cornucopia Gold Mines 10,500 Corroon& Reynolds 2,160 $6 conv pref A July 13 115 73X July 1 5 ex July Mo July 26 July 27 47 4X July IX July 2X July 6 July * 100 July Mi July 40 July 39 X July 41 70 X 14X July July 8X July Sale % Sale 28 Highest Sale Prices 4X 4X IX Sale 2% 2% 35 """"25 $3 preferred 9,100 Consolidated Biscuit Co 271,400 Consol Copper Mines 5 32,450 Con Gas E L & P Bait com...* series B pref.. 780 100 1 22,800 Consol Gas Util com 5 11.900 Consol Min & Smelt Ltd > a 42 Sale Sale 31 7,225 5% conv preferred 100 1 180,200 Columbia Oil & Gas com 100 Columbia Pictures Corp Commonwealth & Sou Corp— ""W" arrants 131,900 1 5,475 Commonwealths Distiibut 5,900 Community P & L $6 1st pf. Comraunity Public Service— Common 25 15,675 1 7,300 Community Water Serv Compo Shoe Machinery— V t c ext to 1946 1 7,200 Conn Gas & Coke Security. - 5X 57 X Lowest Sale Prices 6 Sale 3X 38,300 Colon Development Co Ltd— 3,200 6% convertible preferred £1 31,800 Colorado Fuel & Iron warr 19,200 Colt's Patent Fire Arms Mfg 25 Columbia Gas & Elec Corp— Sale 52 45 * Royalty Oil Sale Sale 4X 7 6Ii X 42 X Highest Sale Prices 68 Sale Sale 50 X Ask U5X USX 112 113 6 Sale X 11,600 Cleveland Elec Ilium com— 17,900 Cleveland Tractor com _100 1,500 Clinchfield Coal com 27,100 Club Aluminum Utensil com.* * 709 Cockshutt Plow Co Ltd Ask Bid Ts Lowest Sale Prices July 31 July 1 Bid ~7X ~~8~ 58 170,500 Cities Service common— —10 Preferred. * 116,800 Preferred B .* 13,400 Preferred BB * 1,550 2,845 Cities Serv Pr & Lt $6 pref—* 4,785 $7 preferred 16,800 City Auto Stamping Co * 800 City & Suburban Homes 10 1 2,050 Clark Controller Co 46,200 Claude Neon Lights com 1 1,600 Clayton & Lambert Mfg Co. ^ 3.200 Cohn & Rosenberger com . Ask Bid STOCKS Shares Jan. 936 Mar. 31 30 Jan. 27 12 36 Jan. 4 836 Apr. 10 28 Mar. 22 July 25 136 Mar. 17 May 10 5 July 17 73 36 Mar. 8 64 17 0 Jan. July 68 71 71X 72X 70 17 7 July 67 X July July 5 65 73 July 11 62 Apr. 19X 21 15 17X 16 18 16 X July 11 17 X July 14 10 Apr. 8 1X 70 X 2X 5X 12 IX July 21 136 Apr. 11 60 16 136 236 236 2036 Jan. 7 . ""606 800 200 5.300 80 7,200 1,100 3,150 1,400 50 3,500 450 575 75,000 Eagle Picher Lead Co 18,200 Eastern Gas & Fuel Assoc 23,000 13,350 6% preferred. 4 X% prior preferred 10 8 100 100 1,650 Eastern Malleable Iron Co. .25 * 10,000 Eastern States Corp com $7 preferred series A * 1,800 $6 preferred serias B * 2,400 For footnotes see page 53. I X 65 IX 5 6X 14 X IX Sale 68 2X Sale IX 71 IX Sale 1 IX 3 3X 7 5% 6X Sale Sale 7X IX Sale n 12 Sale 24X Sale 1 17 X 17 IX 20 19 i 16 X 11 iox IX Sale Sale 70 72 X 1 3X Sale 6 Sale IX OX IX 9X Sale n 1M Sale Sale 17 X 21 UX UX % Sale 14 15 13X Sale July July July July July 7X July 1 July 7 July 16 X July 7X July X July UX July 11 July 11 25 ~~ 19 71 64 July July 336 July 6X July 10 July IX July 10 July Jan. 24 72 2 11 x July 25 23! May 26 25 5 736 Apr. 1 Apr. 6 Apr. 1 21 July 26 24 29 31 736 X 13 13X July July July July 20 24 27 31 136 Mar. Mar. 31 11 25 8 16 June 15 536 Apr. 10 Ms June 29 1036 Apr. 14 1036 Apr. 10 1 Mar. 10 Jan. 536 Jan. 7 Jan. 6 7 4 Jan. 3 Jan. 5 Jan. 5 Jan. 6 10 Jan. 4 136 Feb. 21 1936 Jan. 19 1936 Jan. 20 1436 1X 1236 2536 NEW 44 YORK EXCHANGE CURB AGOREOATE SALES PRICES IN JULY NEW YORK In July Jan. 1 Shares Shares Price Jan. 3 1939 EXCHANGE CURB Since STOCKS (Continued) Par 22,300 Easy Washing Mach class B. * 2,700 Economy Groc Stores com—* 8,000 250 10,000 35,400 1,557,000 63,290 18,500 34,500 44,800 3,300 13,800 ~2~, 300 223,000 9,600 1,700 ""150 1,100 2 Edison Bros Stores Eisler Electric Bid 3 X Sale Lowest Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices 254 July July Sale 17 16h 1 com 5 Electric Bond & Share 56 Ask Bid 354 256 Sale Bid IX 17 IX Sale * * 60 1 «1 2 Electric Power & Lt 2d pf A__* 26 156 7X 156 Sale 5 24 456 July 17 56 July 27 25 156 July 7 156 July July 7 10 56 July 1 70 61 July 5456 July 11 26 25 29 Sale 1754 July 356 July 12 31 156 o Sale Sale Sale $5 preferred Electric Power Associates Olftss Al - « « 66 Sale Sale 2H h Option warrants 62 52 56 454 5X Sale 5356 256 59 356 354 62 July 6056 July 22 July 456 July Electric Shovel Coal Co— 1,453 $4 participating pref 5,400 Electrographic. Corp com 13,000 Electrol Inc vtc ~i"66o 1,600 250 1 850 Elgin National Watch Co—15 1,300 Empire Dist Elec 6 % pref.. 100 16,025 Empire G & E 7% pref 100 7,360 8% preferred 100 5,665 6% preferred 100 1,100 6X % preferred 100 950 Empire Pow Corp part stk—* 250 750 250 160 30 200 8,300 Emseo Derrick & Equip Co—5 80,900 Equity Corp common 100 4,800 $3 conv preferred 1 300 12,000 1,500 3,500 50,800 Esquire Inc 1,000 Eureka Pipe Line 50 European Elec Co of Can— 9,700 Option warrants 300 500 174,600 Fairchild Aviation 8,400 Falstaff Brewing 9,100 1,000 500 10,600 8,200 5,400 ~3",I66 25,700 300 900 200 20 250 550 2,825 125 5,400 3,550 Fox (Peter) Brewing Co 450 1,700 450 75 25 """200 10 1,100 . 80 500 ~ — «. — — 15 140 240 2,100 410 Sale 63 54 62 64 68 Sale 63 61 Sale 63 66 68 6056 6656 68 61 22 56 25 27 61 2054 V* Sale * 100 * £1 .* * 9,700 Gen Fireproofing com 510 General G & E $6 pref B 1 10,300 Gen Investment Co com. 100 $6 preferred * Warrants 6,400 1,000 Gen Outdoor Adv 6 % pref.. 100 1,520 General Pub Serv $6 pref * 1,600 General Rayon A stock * 19,600 General Shareholdings 1 $6 conv pref w w 3,485 190 1,450 6% preferred A— -100 1,710 Gen Water Gas & Elec com— 1 1,900 $3 preferred * 8,325 Georgia Power $6 pref * 140 $5 preferred_. 4. * 4,500 Gilbert (A C) Co com— * 275 825 20 400 30 * preferred Gen Tire & 21 Sale 454 Sale 4X 654 150 400 20 2,200 600 375 900 800 2,400 225 1,800 850 1.800 74 10,500 1,000 13,700 350 520 625 2,500 200 500 300 75,1 1,000 . 1,070 Preferred _.. * * 96,000 Glen Alden Coal Co * 3,400 Godchaux Sugars class A * Class B * 6,100 190 $7 preferred 1 36,100 Goldfield Consol Mines 1,700 Gorham Inc class A com * 1,450 $3 preferred * Gorham Mfg Co—■ New common 6,700 10 3,600 Grand Rapids Varnish Corp..* 25,400 Gray Manufacturing Co. 10 2,600 Gt Atl & Pac Tea 1st pref.. 100 20,950 Non-voting common stock.* 6,150 Great Northern Paper Co 25 12,400 Greenfield Tap & Die com * 8,700 Common 25c Grumman Aircraft Engineering 127,300 Corp common 1 3,200 Guardian Investors common. 1 153 600 6 1656 9 56 56 63 Sale 2256 Sale 19 24 19 1954 23 Sale 50 1,200 2,400 20 14 19 456 256 1456 756 17 X 856 18 Sale 7 56 8 56 1856 856 1856 1956 Sale 1856 Sale 1756 17 56 20 21 23 3556 Sale 1256 1356 8856 Sale 2 154 1756 1356 it* Sale 22 56 18 21 26 22 24 38 40 38 13 14 15 1556 Hartford Rayon com v t c ...* 5 56 17 % Conv preferred 1 1 1 Ol&ss A }|( 4,300 Heyden Chemical Co 450 Hires (Chas E) Co class A 7,600 Hoe (R) & Co class A 24,400 Hollinger Consol GM page 53. 20 14 1 3 15 5 X July 17 10 10 1 18 5 1 6 1856 Apr. 3 4 Jan. 31 71 June Feb. 2 5456 Feb. 5156 Feb. 2 73 74 7 56 11 28 31 28 13 22 2 71 Feb. 11 71 Mar. 21 2156 Feb. 6 Apr. 54 Apr. 2354 Apr. 454 June 1534 June 1 5 14 56 7 Xe 56 656 71 14 20 854 July 1956 July 2056 July 20 July 23 July 12 12 25 24 21 24 7 35 Jan. 22 Mar. 16 12 May 1 July 26 56 May 31 10 34 68 Mar. 11 1256 Mar. 90 9 Mar. 11 7356 July 954 Jan. 23 Jan. 23 Jan. 28 23 5 6 456 Mar. 9 2 May 27 15 656 Mar. 17 Jan. 10 4 Feb. 854 June 6 July 18 854 Mar. 11 3 56 June 29 156 Mar. 22 1056 Jan. 16 7 3 7 24 18 856 July 18 56 July 17 56 July 19 July 23 July Jan. Jan. 16 18 28 11 Jan. 9 Jan. 4 Mar. 13 Xe Jan. Jan. Apr. Jan. Jan. Apr. May Apr. May Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 18 20 1 30 1056 56 2856 854 5056 856 16 34 56 July 27 21 26 54 July 10 10 28 Xe May 22 956 756 1956 4 56 1456 July 8 Mar. 20 Mar. 20 Mar. 20 19 17 25 6 53 56 July 1056 July 56 July 67 56 -July 11 July 87 July 7356 July 2056 July 20 56 July 12 8 52 20 10 556 June 21 July 27 154 Jan. 3 2154 Mar. 7 24 June 7 1 3 1254 July 8 July 24 July 7 July 6 56 July 7 20 11 5 Jan. 1 18 July Mar. 13 956 Mar. 11 1956 July 12 2056 July 25 Feb. 1756 17 56 1156 12 1156 62 60 56 48 56 60 15 July 26 15 July 28 85 56 July 5 1 Sale 1254 July July July 56 July 12 10 6 11 56 48 17 12 62 65 56 July July July 26 28 25 1756 July 1256 July July 56 July 19 26 17 28 66 60 1556 Jan. 1756 Jan. 26 Mar. 27 29 34 Jan. 43 Apr. Apr. Mar. 20 Mar. 20' Mar. 13 1254 Jan. July 56 July 16 83 16 28 8956 May 1656 Jan. 28 11 Jan. 27 42 56 Jan. 56 Jan. 5 85 5256 5 2 8 3 6 Jan. Mar. 19 4 8 1456 Mar. 6 July 17 Xe June 14 52 X Jan. 13 X 66 6 Jan. 13 '«< Jan. 6856 47 1 Sale 40 Sale Sale 156 Sale 256 56 156 75 77 65 4956 51 5056 156 70 Sale 2 156 256 77 79 53 55 6256 July July 56 July 154 July 69 July 36 50 56 July 100 554 656 7756 "7856 556 93 656 Sale 7 96 8 Sale' 556 356 30 32 556 656 Sale 5 2856 856 2956 10 9856 Sale 2 54 97 56 2 56 20 18 1856 21 656 856 1056 Sale 126 127 69 56 3756 Sale 3856 Sale 7 256 256 104 56 98 8 6 256 856 Sale 956 29 5 4 23 756 91 56 156 1456 20 4 Sale 656 456 25 856 95 Sale 2 15 22 5 4 33 456 35 5 4 2254 6 92 56 156 15 23 56 7 Sale 24 7 97 56 Sale 2 1656 24 54 754 956 Sale 106 Sale 156 15 Sale 3656 556 2 1556 107 3856 554 156 1556 61 156 56 156 456 63 56 154 56 Sale 456 . 4 1156 254 1456 67 56 6/« 156 556 70 1 56 156 556 1 6856 July July 1 July 2 56 July 7856 July 5 6256 33 56 H 156 6256 40 52 July 21 4656 Apr. 20 24 29 31 10 17 21 9556 Jan. 4 Apr. 17 July July 95 July Xe July 156 July 1456 July 3 27 7 17 3 20 2 54 14 67 July 6 6 July 856 July 129 July 10156 July 3556 July 4 56 July 2 156 July Sale Sale 56 Sale Sale 15 2 July 756 96 6 56 156 1554 6 24 10 Sale 3056 56 156 6 56 54 154 556 July July July July 18 29 12 156 July 10 28 156 54 I X 656 Sale 556 Sale 256 9 56 356 756 854 Sale 454 656 356 756 9 Sale 25 7 2756 256 Sale 456 856 856 Sale 27 3 Sale 2 54 July 14 July 7 Sale July July 756 July 854 July 26 5-6 July 3 56 8 856 4 54 Sale 854 July 6 54 3 54 25 856 954 10 38 41 * 46 56 9 10 5 756 1456 Sale 756 3556 40 554 1456 Sale 37 50 6 15 1056 4056 46 556 1556 Sale 43 37 50 48 Sale 1556 July 756 July July July 556 July 1554 July 9 1 July 28 6 2 5256 Jan. 18 14 10254 July 8 656 Jan. 6 39 July 4 9654 July 12 83 July 20 5 29 31 10 8 Jan. 5 Feb. 6 37 Feb. 27 556) Apr. 356 Apr. 10 10 6 Jan. 5 10 • 7 556 May 16 Mar. 31 11 Feb. Jan. 7 19 June 28 9856 Feb. 7 254 Jan. 25 27 July July July July 31 17 24 17 3056 July 3 July 1456 July 7 54 July 454 July 8 July 856. July 2656 July 25 July 1056 July 4056 July 48 July 556 July 1556 July 31 154 May 154 856 154 63 56 54 2 Apr. 10 Jan. 23 Apr. 6 17 Mar. 20 Jan. 24 1 Jan. 4 Jan. 13 11 Mar. 15 8 30 7 11 22 20 24 12 7 18 31 25 Jan. 17 11 4 14 21 7 27 30 Apr. 19 45 Mar. 22 17 354 Apr. 1354 Apr. 12 8 5 9 July 25 Jan. 20 Feb. 15 May 6 June 26 Feb. 6 an. 9 256 Jan. 21 Mar. 31 14 10 11 3 6 Jan. 3 112 July 10956 July 5 July Apr. Jan. Jan. July Jan Jan. 40 Jan. Apr. 254 June 14 July 656 Apr. 3 56 Feb. 67/s Apr. 656 Apr. 23 56 Apr. 22 18 Feb. 2254 Jan. 56 Feb. Apr. 21 5 % 24 July 6 Apr. 12 754 856 Apr. 4 1256 124H Mar. 22 132 6956 Jan. 3 119 33 39 Apr. 12 456 June 30 754 1456 54 2956 10356 9556 454 31 14 33 20 5 23 2956 Jan. 254 Feb. 8056 Feb. 8 May 31 52 Xe Mar. 25 156 July 3 1356 June 20 71 156 %, 154 556 Jan. 354 Apr. 28 6 21 3 13 31 24 2 56 July 1456 July 65 91 1654 July 54 July 3356 July 112 July 10956 July 5 July 10 14 Jan. 7956 Jan. 5 75 2156 Apr. 7 July July July July July July July July July July July July July 7 19 10 1056 29 130 25 118 15 3856 15 656 July July July July July July 14 56 July 454 July 24 31 !»«Jan. July 28 Apr. 25 Apr. 10 Apr. 1 Apr. 29 5 10254 July 6 56 July 5 39 7 July 1 9656 July S3 6 July 4 6 July 3 2 56 July 1 July 23 7 1456 Xe 56 54 54 3156 Sale 3154 3154 110 112 11156 112 11056 10856 Sale 10856 10956 108 54 3 6 4 54 556 456 2 28 5 28 12 11 6 54 656 856 9 56 956 12856 130 12956 3556 456 July 6 July 3556 July 93 July 81 July 3 56 July 29 July . see 6 27 17 * 14,530 Hazeltine Corp * 11,60° Hearn Dept Stores common..5 2,653 6% conv preferred. 50 80,530 Hecla Mining Co 25c 3,100 Helena Rubenstein Inc _* For footnotes 27 July July 3 54 July Sale 1 * 25 * com Harvard Brewing Co Hat Corp of Am cl B com 18 July 156 July 21 July 67 July 6856 July 68 July 67 July 68 July 26 54 July 8 July 9Xe July 28 July 556 July 17 July 85 56 65 5056 92 Hartman Tobacco 21 12 3956 58 102 10,000 2,200 16.750 9,800 12 12 29 83 * 625 Gypsum Lime & Alabastine..* 2,400 Heller (W E) & Co common..2 1,530 7% cum pref w w 25 550 7% pref ex-warrants 25 6,500 Hewitt Rubber Corp com 5 500 20 21 456 156 1356 Sale 200 1,300 1954 20 56 356 2 56 1456 17 17 7454 3 56 156 1356 40 1,700 50 64 10 Sale 156 1 * 8,800 Hall (C M) Lamp Co 1,700 Haloid Co 350 Hamilton Bridge Co com 50 Hartford Electric Light 17 11 756 July 2356 July 654 July 654 July July 1054 July 56 July 6354 July 9 July 84 56 July 65 July 356 156 956 25 114,700 Gulf Oil Corp 2,370 Gulf States Util $6 pref 1,540 $5.50 preferred 11 10 54 July 7356 66 9 6256 Sale 300 200 6 54 656 66 22 56 Haverty Furniture Cos 8,930 8 23 — 10 1,100 1,000 Sale Sale 68 Grocery Stores Prod— 200 56 6656 1056 Sale 1156 Sale 6854 Sale 56 28 3 35 1856 Sale 9 1154 % Sale 61 62^ 1156 Sale Rubber— 500 Gilchrist Co "7",500 1956 1556 8 17 54e July General Telephone Corp 4,600 200 Jan. 454 July 27 1756 Mar. 8 9 1956 June Mar. 2 1 1256 Jan. 20 7256 Mar. 10 Feb. 6 65 356 Mar. 23 356 Mar. 23 2956 Jan. 20 5 556 Jan. — 400 conv Sale 756 24 56 Sale 756 % 1056 756 2156 6 56 Co of Great Brit American dep receipts $3 1154 754 2356 656 656 17 1156 1556 Sale Sale 16 19 * 6956 Sale 456 1656 Sale 5 20 11X -* 6556 66 6456 6256 2854 856 Sale 2854 Sale 1656 756 8 56s 56 2454 Sale Sale 8X 18 6556 1054 July 1 July 1956 July 65 July 60 July 62 July 61 July 61 July 23 56 July 756 July 56 July 2456 July 456 Julv 1556 July * 290 5 % preferred 7,500 General Alloys Co 9,000 2254 1-0 54 10 1 — 200 68 1 10 Gamewell Co $6 conv pref 1,800 Gatineau Power Co com General Elec 1,000 2,000 1 156 63 5 Froedtert Grain & Malting Common 9,300 Partic conv preferred 7,900 55,900 Fruehauf Trailer Co 1,675 Fuller (Geo A) Co com 3,500 $3 conv stock 1,300 $3 conv preferred 1154 1 59 Ford Motor Co Ltd, Amer dep rets 40,300 Ord reg £1 1,000 Ford of France Am dep rets— ■ 1156 Sale * 56,000 Ford Motor of Canada cl A..* Class B. * 1,953 4,800 1154 156 Sale 7X 400 Ford Hotels Co Inc " 1 62 1 Fanny Farmer Candy com—1 Fansteel Metallurgical Corp— Fedders Mfg Co common 5 Fed Compress & W'house—25 Ferro Enamel Corp com 1 Fiat Amer dep rets ! Fidelio Brewery 1 — 1056 20 50 10 X 55,000 10 2,400 Sire Assoc of Phila 138,900 Fisk Rubber Corp common—1 4,425 6% preferred 100 14,375 Florida Power & Lt $7 pref..* 3,300 13,700 7,600 10X 10X IVs Sale 1 com 1 654 Apr. Apr. 5054 Apr. xlX May xlX May 1456 June 3 Apr. 59 156 Jan. __ 1,300 ~ * 1 256 Ju ne 29 1456 Apr. 8 15 Apr. 19 7 156 954 6856 Sale Sale $6 preferred 1 Sale Prices July 31 July 1 Ask RANGE SINCE JAN. 22 254 July 1456 July 31 14 4 65 156 54 154 656 23 36 5 18 Mar. 27 Mar. 3 6 17 May 17 Mar. 30 Jan. July Mar. 15 Mar. 14 Jan. 3 Jan. 17 556 2254 954 4 54 8J4 954 2656 26 56 1056 4156 4 Jan. July 22 2 June Jan. i 9 July 22 Jan. 20 July 21 Feb. 21 50 Feb.|28 856 Jan. 20 1556 JulyJ12 Aug., 1939] CURB YORK NEW EXCHANGE AGGREGATE SALES In PRICES IN NEW YORK CURB EXCHANGE Since July STOCKS (Continued) Par 4,800 Holophane Co Inc common. _* 300 Holt (H) & Co class A * 100 50 275 Horder's Inc 750 Hormel (Geo 100 80 * 12 12?4 8% 7% 800 9,000 10,900 5,700 24% * 5 * 69% ZH Sale 50 Am dep rets ord reg £1 Imperial Oil (Canada) * Registered * Imperial Tobacco Co of Can..5 Imp Tob of Gt Brit & lrel__£l Indiana Pipe Line 10 Indiana Serv Corp 6% pref. 100 7% preferred 100 2,575 Ind'polis P & L6%% pf-.-100 900 3,000 600 70 70 525 57% Sale 11% 8* 6% aW Sale 2 8 7% 9 5% 4 24 13 7 8% Highest Lowest Hughest Sale Prices Sale Prices Sale Prices 12% July 13 7% July 24 24% 25% 2% 36% Sale 3 1% 24% 58% Sale 12* ii If July July July July July 16% Sale 17 16% 15% 15% 29% 31 6 % Sale & 31 2% July 3 4% July 24% July 14% Sale 15% Sale 14 15 14% July 16% July 29% July 6 July 15% 14% 16% 29 29% 16% 31% 6 6% 15% 16% 31% 6% 19 July 4% July 56% July Sale 3 1 11 July 12 107% 108 Apr. Apr. Mar. May 3% July 2 July 31 July 4 2% 57 14% 2% 14% 3% 51 % 18 3 5 2,200 2,100 1,030 100 Non-voting class A 7% preferred 1 .1 Class B stock new 900 Industrial Finance vtc 100 550 4,300 1 1 new oy± 18 22 jury zo 56% July 11 July 15M July July July July July 14 July 109% July in it* July July July 13 108% 109% 108 2,700 3,800 1,900 "A" stock pur warrants 38,900 Internat Industries 100 Internat Metal Indus cl A 7,200 81,600 Internat Paper & Pow warr 114,500 Internat Petroleum com * 7,100 Registered —* 13,200 Internat Products common—* 9,200 400 3,200 100 1,700 Internat Safety Razor cl B 3,700 Internat Util class A 17,100 Class B. 3,950 $1.75 preferred 1,650 $3.50 prior preferred 300 2,500 450 350 600 1,100 15,900 34,100 1,800 3,970 8,000 10,000 36,500 6,400 6,700 300 650 100 . 700 1,900 1,000 6,300 67 68 23% Sale 18% Sale 22 23 15% 16% 13 28 26 27 7 12 14 390 470 50 100 10 260 700 100 200 1,400 100 m "500 % 10 7* 17& % 9% % 18% 39 5% Interstate Hosiery Mills Interstate Power $7 pref Investors Royalty Co Iron Fireman Mfg com *■ * 1 vtc..* % 17% 18 Sale 1 4% 1% % % 1 — 21% * Irving Air Chute common Italian Superpower cl A * 6% pref 67% % Sale Sale 68% 500 Lackawanna RR N J 97,100 Lake Shore Mines Ltd 2% 6% 11% % 16% 15% A 2% 1% 86 - 10",900 6,100 1,100 600 300 1,150 400 10 1 * 18 875 800 15,200 70 100 « mim — 650 11,900 300 17 July 2% 4% 1% 20% 21% 3% July July July July July July 37 % 17 17 % 16% 16% % Sale 1% 3 1% 92 Sale Sale 11% 3 12 July 25 July 22 July 22 July 22 2% July 5% July 11 3 6% 11% 6% A July 21% 23% 115% 120 4% July A July 16% July 17 18 "A 16% July % July 18% % 3% 1% 2% July 1% July 3% July 1 % July 25 89% July 94% July 93% July 99% July 104% July 28 July 26 26 26 25 27% 115% 120 July 21% July 115% July 4% 7 5 8% 5% 7% 5% 8 % 51 1 % 55 81% 40% 43 2% Sale 3% 3% 1% 1% 12% 13 8% 8% 14% Sale 10 11% 62 69 41 74 ..... 11% 12 5% Sale % 84 Sale 1% 2% Ay' A 1 July 71 62 July 1% 74 1% 4 4 iP 7% 9% 8% Sale 8% 8% 9 Sale 8 55 Sale 58 9% 9 11% 59 45 12 12% 4% 37 5 2% 39% 38% 2% 8% 9% A July 82 1% 2% 45 July 4% July 7% July 109% July 88% Sale 't* IS 1% July 13 _ 2% July 21 1% July 22 8% July 28 8% July 26 July 9 55 28 25 14 18 19 18 115% July 22 July 6 July 7% July 109% July % July 22 6 9% 10 90 25 Feb. 6 6% Feb. 56% July 6 11 18 10 3 30 11 25 29 27 18 12 22 9 July 10% July 9 July 28 18 1 2% 1% 6 3 Sale 17 41 3% 42 3j 11 17% 19 10% 14 9% 10% 10% Jan. Jan. 24 Apr. 28 23 2% July 8 Apr. 19 Apr. 8 Apr. 10 Jan. 11 15 Apr. 6 14% Apr. 11 A Apr. 13 4% 10% 3 % % 2% Apr. 10 1% June 15 67% Jan. 78 Jan. 86% Jan. 4 71% 24% 21 % % 4% 5% 4% 4% July 25 25 20 25 9 29 14 26 6 23 4 3 20 22 27% 27 2% Apr. 10 1% 1% A 11% 18 21 % Feb. 25 10 3 Mar. % Jan. 6 July 18 39% July 18 s3J May 25 4% Feb. 8 7 June 22 14% Mar. 23 7% Feb. 28 % Mar. 8 19% Mar. 8 21% Jan. 3 A Mar. 9 20 4% Jan. 2% Feb. 3 25 98% June 6 6 6 9 102 % June 5 107% June 17 Apr. 10 22% Mar. 27 4 39 Jan. 30 June 26 24 15% July July Jan. Feb. Mar. Mar. July Mar. 29 27 5 24 7 6 28 3 10 Jan. 11 73 Jan. 10 56 Jan. 38 Jan. 20 10 1% 2% 1% 11% 7% 8% 9 Apr. Apr. Jan. Apr. Apr. July Apr. 10 20 16 20 8 26 26 16 1 58% July 28 54 Feb. 47% July 12% July 4% July 17 6 3 47% July 12% July 6% July 17 14 14 45 Mar. 31 39 12 26 28 38 11% Jan. 23 4% Apr. 11 90 70% 2% 3% 1% 13% 9 13 16 9 13 13 47% July 17 12% June 8 7 Jan. 16 July 38% July 2% July 10 July 42% July 3% July 9% July 6 10% July 28 July 24 % July 24 10% July 12 July 5 17% July 6 1% July 27 July % July 33% July 11% July 12 July 18 July 1% July 24 14 20 21 5 5 62 Apr. Apr. Apr. June June June 22 Apr. 8 Apr. 11% Mar. 17% July 1 % Apr. 12 1% Feb. 6 25% July 27 23% May 12 25% July 22 27 9 July July July July July July July July July July 27 19 17 25 28 27 24 13 18 25 10 Apr. 3 22% Apr. 26 7% Apr. 8 % Apr. 27 8 JA 7% % 9% J? 7% J* 9 3 19% 11% 1 9% 10% 3% Sale % Sale 31% Sale 2% % 31% 2% % 31% 2% A 33 2 July A July 3 31 31 July 3 11% 12 12% 12 13 12 13% "1% "2% 2 A "l% "~I% "1% "1% 525 Loblaw Groceterias class A._ July Class B 13 5 Sale ..1 62,000 Lone Star Gas ,.* 61,800 Long Island Light common...* 7% preferred 4,675 100 14,650 6% preferred series B 100 6,000 Loudon Packing Co com.. * 89,200 Louisiana Land & Expl com.-l 660 Louisiana P & L $6 pref 4,500 Lucky Tiger Combination 10 600 Ludlow Valve Mfg Co 5,900 Lynch Corp com 5 88,500 Majestic Radio & Tel Corp 1 2,200 Manati Sugar opt warr 2,500 Mangel Stores Corp com __1 9 Sale 1% 25% 20% 1% 7% Sale 27 Sale Sale Sale % 32% % 33% 11 12% 24% Sale 8% 9 1 1% 13 12% 26% Sale 9 Sale 1% «V/s 36% Sale 26% 28% 31% Sale 1% 1% ly* o \* 5 Sale 5 4% 98 100 102% 104 % A A % 31 26 32 • 29 31 Sale * % Sale % Sale 2% 30 % 27% 32 1% Sale A Vs 2% 29 31% 19% preferred June 27 17 22 38% 1 8,800 Locke Steel Chain Co 5 Jan. 15% June 27 12 109% July 12 6 3 June 16 9 8 21 20 21% 23 5% 6 1% 1% 2 lS 2*' 2 12 ' 5 17 3 July 24% July 8% July 1 32 July July 27% July 1% July 4% July 98 27 July % July July 11 1% July 8 2% July 2% July 51% Mar. 8 7 50% Jan. 3% July 28 65 9 19 June 16 Jan. 15% 9% % 7% 1% A Jan. 21 21 " 29 29 11 10 ~ July 28 17%.May 24 11 34 May July Jan. Jan. Jan. May 13 3 3 24 % 8% 3 % % 15 24 9 15 Jan. 20 17 Feb. Feb. 17 17 Jan. 13% Mar. 9 36% Feb. 24 9% Jan. 19 1% Jan. Jan. 6 36% July 19% Jan. 3 32% July 1% July 1% Jan. 8 4% July 18 7% Jan. 89% Apr. 25 100% June A Mar. 17 A Feb. 1 Feb. 20 1% Mar. Jan. 23% Apr. 11 34 % Jan. 6 23 24 2 31 Feb. 11% Apr. 25 26 17 July 24 July 8 32% Mar. 31 2 Apr. 8 57 50% Sale 8 ... 778,700 Lockheed Aircraft 7 4 19 July 38 7 % June Feb. 17 16% Mar. 15 16% July 26 32 Feb. 23 112% Mar. 22 118% May 21% June 7 22 July 4 Apr. 1 6% Jan. 5% Apr. 11 9 Mar. 105 Feb. 1 109% July % Apr. 4 % Jan. July July July July July 70% 1 % 17 4% Jan. 11 4% July 1 % Apr. 20% July 34 12 18 Jan. May May July July June Mar. Mar. Jan. Jan. Mar. Jan. Jan. 11 18 9 4% Mar. 14 2% Jan. 9 31 July 26 28 % Mar. 9 6% Apr. 8 % Apr. 13 % 93 Sale 25% July July July July July July July July 5 Jan. % Jan. 18 9% June 24 31 Mar. 31 July July 16% * Class B -> conv 12 19 31 18 18 10 10 2 3 16 69% Jan. 3 5% Mar. 13 8 Apr. 10 A Mar. 17 4% 2% 22% 22% 4% 7 14 Feb. in 12 23 July 22 Mar. 22 3 12 24 71 % July 20 July 39% July 39 12 19% July 3 % July 8% July 17 18 % Mar. 11 % Mar. 31 A Jan. 17 8% Apr. 13 59 Apr. 8 20% Apr. 14 July July July 18/6 25 10 39% Jan. 1 112% July 22 28 20 25 18 13 13 14 Mar. 17 8 12% July 11 18 27 July July July July July July % July 8% July 8% 1,200 Lefcourt Realty com 1,100 Convertible preferred * 63,500 Lehigh Coal & Nav * 47,000 Leonard Oil Development--.25 11,800 Le Tourneau (R G) Inc 1 10,900 Line Material Co new 5 6,200 Lipton (Thos J) class A 2,700 6% preferred 25 * 2,700 Lit Brothers com 210 1 11 23 99 Sale * " 1 20 July July _ 25 1 Class A 200 2,750 12 2% 6% 10% 98 37 100 36,200 Lakey Foundry & Machine. .1 90 Lane Bryant 7% pref 100 2,000 Lane Wells Co common 1 125 1,250 43,600 5,900 9,000 2% 6% 88 Langendorf United Bakeries— - 7$ 100 Koppers Co— 6% preferred 100 Kresge Dept Stores— 4% conv 1st preferred 100 Kress (S II) & Co spec pref. .10 Kreuger Brewing Co 1 150 200 ""366 Sale 2% 2% 21% Sale 21% Sale 4 4% 16% 36% A July 8% July 67 1% 1 % A 11% 8 13% June 24 i»2Feb. 1,500 Kleinert (I B) Rubber 18,800 Knott Corp common 400 Kobacker Stores Inc com 4,400 11,600 Sale Sale 21 3% 14 28 1% 2% 1% 20% 20% 3% 34 Sale 1 4,580 Kingsbury Breweries com 1 Kings County Lighting— 790 7 % preferred series B 100 1,200 5% preferred series D____100 30,800 Kingston Products. 1 14,700 Kirby Petroleum 1 24,500 Kirkland Lake G M Ltd 1 1,100 Klein (D Emil) Co common..* 75 8,200 9,100 % 8 % 8% 31% Interstate Home Equip com._l 370 Kimberly-Clark 25 40 A 5% 8% 1,675 400 27% 3% 113% 400 2,500 Sale 7 14,800 Kennedy's Inc.. 5 1,900 Ken Rad Tube & Lamp cl A__* 10 4,400 3% 140 Kansas G & E 7% pref 100 30 Keith (Geo E) Co 7% pref. 100 3,200 180 26% 1% July 1 % July 5% Apr. 14 July 14% June 15 Apr. 28 Apr. 5% May 5% May 5% Apr. 100% Apr. New warrants 9,325 3,500 2,790 5,500 200 * * Jersey Central Pow & Lt Co 514% preferred 100 6% preferred -.100 7% preferred 100 34,100 Jonas & Laughlin com 100 475 Julian & Kokenge com * 525 4% 27% Sale * 1 3 2% * International Vitamin 80,700 Jacobs (FL) Co 8,600 Jeanette Glass Co 800 • 1 % % 11% 12% 70% Sale 21% 23% 18% 19% * •mm.-*. m "66% Sale" 1 25 3 , A 8% Sale 100 31,850 Insur Co of North Amer 10 8,200 Internat Cigar Machinery * 31,200 Int Hydro-Elec $3.50 pref—50 100 A 1 1 1% 1% 1% 1% % 2% 9% A 5% 8% 3% 1% 11 Sale 3% July 1% July 25% July 53 12% Sale 19% 20 27 112% July 11 July 60 1 July 10 3% July o 25 31 14 21 22 18 9% 7% 11% 23% 2% 34% 108% 9% 20 ,4% 19% 26 36% July Apr. July Jan. Apr. May June Apr. Apr. Apr. July Apr. Apr. Mar. Jan. July Apr. Apr. 7% July 3% 23% Sale 5% Sale 58 56% 2% 13% July 18 7% July 24 12% July 10 25 July 22 8 2 13 103% 13 22 7% July 3% 2 3 25 34% 111% 10% 57% 2% 8* 12% 4% 27% July July Indian Terr Ilium Oil Co— 400 1 Sale Prices 54% * 2,000 61,200 9,800 4,200 8,400 5,400 1,010 1,350 700 3% 13* 3% Sale 18% Sale 5 % Sale * 125 Illuminating Shares Co A Imperial Chern Indus Ltd— "6,800 25 2 3 % 3 23% 50 12% 8% 37% Sale 35,200 Illinois Iowa Power Co 71,100 5% conv preferred 47,000 Div arrear ctfs 200 RANGE SINCE JAN. Lowest Ask Sale 12 1 6,450 7% preferred stamped—100 400 7% pref unstamped 100 2,900 Hydro-Elec Secur common * 16,500 Hygrade Food Prod 5 3,200 Hygrade Sylvania Corp * 3,200 6% ,..5 800 H ussman-Ligo nier Co 3,400 tHuyler's of Del common 500 July 31 Ask Bid Bid 11 100 — 9,700 1,200 Ask * * 300 5% preferred 1,450 Ilubbell (Harvey) Inc 94,600 Humble Oil & Refining.. 16,800 Hummel-Ross FiDre Corp 550 Bid * A) & Co com 300 Horn (A C) Co common 8,450 Horn & Hardart common 675 July 1 1939 Shares JULY Price Jan. 3 Jan. 1 Shares 500 45 23 2% Mar. % Mar. 2% June 4 28 27 31 5 9 9 13 4 9 3 7 31 Mar. 11 23\ July 1 '© 10 "2", 300 900 For footnotes see Communication Am dep ret. page 53. 6% 6% 6% 25 6% 22 July 17 23 July 28 19 Feb. 17 5% Feb. 2 28 6% May 25 NEW 46 YORK EXCHANGE CURB AGGREGATE PRICES IN SALES NEW YORK In Since July 1939 600 50 """300 4,000 275 2,700 ""'150 500 50 1,400 200 200 5,900 100 20 Bid Par STOCKS (Continued) * 1,900 Margay Oil * 8,100 Marion Steam Shovel com 3,800 Mass Util Associates vtc..,.l 10,000 Massey Harris Co common--.* 1 10,300 Master Electric Co May Hosiery Mills— 950 $4 preferred * McColl-Frontenac Oil Ltd. 100 "4" 800 McCord Radiator & Mfg B._* 23,200 McWilliams Dredging com.-.* Shares 1,700 1,300 1,100 2,100 4% 2 OX 17 V» 2Va 2X 7% Sale 1M 2X 2% 5 17** 86 Sale 2 16** IX 9X 3X 17 Sale 138 Sale 4X 14** July 2*1 July 2X July 5 July 17 July 5X 3X 3X 4 Sale IX 30** 38 ** IX ** 1 Participating preferred---15 Metropolitan Edison Co— $6 preferred * ---* 2,200 Mexico-Ohio Oil Co 1 24.500 Michigan Bumper Corp36,500 Michigan Gas & Oil Corp-- - -1 2.50 3,100 Mich Steel Tube Prod 390 J* 4** July Sale 36 18 % Sale 2 IH. 36** 40 Highest Sale Prices 15 14** July 3 July 11 27 2% July 19 5** July 18 19*4 July 28 6 55** July 6 53 July 29 July 18 July 21 July 18 14 18 IX 27 11** 7 143 5 1 July 7 8 28 6 5 6 31 29 22 4** July 18 27 July 28 4** July 18 67 July 28 ** July 6 ** July 1 2** July 2 37 July 19 13 12 19 5 10 July 28 July July * July July ** July 1** July 36** July Sale 2 39 100 200 400 700 2,000 13,800 300 & *1? 16 IX 5X 2H 2% 7** 8' 4X 6 3X & 3X 3X % 0% 5*« July ** July 4 3X X 6X X ** Sale 7X AX .* 2,800 Michigan Sugar common Preferred 3,200 Middle States PetroleumClass A vot trust ctfs 23,900 a X 10 2% * 4% Class B vot trust ctfs -* 27,300 57,300 Middle West Corp common.-5 Midland Oil Corp—• mX 7X & 3X 4X 14** 103 IX 8% 11 ix 39** 15** 13 Sale 2 Sale 12X 2 40X 93 6 1,100 $2 conv pref Sale Sai* 9** Sale 3 July 19 12 350 800 2,000 — m. ~ ~ 3,850 «» •» «. 1,400 30,750 140 — - 60 870 1,600 3,000 5,300 20,100 17,000 400 1,200 400 200 760 1,500 150 500 100 15,200 3,500 500 50 1,200 400 m, m. — " 2,406 500 2,700 21,100 600 2,050 50c --10 Supply Co.* Mining Corp or Can—_ * Minnesota Min & Mfg Co— — * Minnesota P & L 7% pref—100 Miss River Power pref 100 Missouri Pub Serv common. _ * Mock Judson Voehringer. .2.50 1 66,900 Molybdenum Corp 3,300 Monarch Mach Tool Co corn.* 1 48,700 Monogram Pictures com. 3,900 Monroe Loan Society cl A—-1 800 Montana Dakota Utilities—10 15 96 ** 7 9X 1 54 X 80 1 7X ux IX Sale 1,775 Moody's. Investors partie pref 4,600 tMoore (Tom) Distillery Co__I 700 Mtge Bank of Col Am Shs 115,850 Mountain City Copper Co__5c 36,300 Mountain Producers Corp—10 900 ^Mountain States Pow com..* 100 530 Mountain Sts Tel & Tel ---* 7,100 Murray Ohio Mfg Co 9,800 Muskegon Piston Ring--—2.50 700 Muskogee Co common - * 20 6% preferred — 100 3X 14X 3 14 5X 20 Sale Sale Sale 2 IX 5X 28X X* 2X OX 9X Sale 12 11 3% Apr. Apr. 3*4 Apr. 58 Apr. *4 May ** July 1 Apr. 32*4 Apr. 25 22,900 81,800 7,300 11,150 50 preferred (Del)---_1| * & Stores--.* National Container National Fuel Gas Nat Manufacture .4 National Oil Products 58 H 90 3X nx 3X 4 nx 3X 5 10 7 7 6 3X July 22 % July 19 9** July 31 3** June 29 X Apr. 8 5X Apr. 10 7 3 7 IX IX IX 2X 6X 7X 29 ** 30** X 3** Sale 6 Sale 7% 11** 8X 12 15** July 27 97** July 21 1 July 17 8 July 15 2X Apr. Sale 300 3,100 mmwm fca *• — 200 150 600 ""700 3,200 4,700 100 """130 2.500 m ^ 30,675 2,600 28,100 7,300 2,600 8,300 12,600 $6 preferred — Nat Rubber Mach com National Service Co. * Con v par tic preferred National Steel Car Ltd National Sugar * _* Refg 425 National Tea Co 5)1 % 11,300 National Transit. 12-50 * 23,900 National Tunnel & Mines 40,700 National Union Radio com—1 * 7,700 Navarro Oil Co.. 900 JNebel (Oscar) Co com * 930 Nebraska Power 7% pref.-100 * 20,900 Nehi Corp common 10 _ 1st 1 59** July 7 July 22 July 22 115 July 13 4% July 31 13 J* July 22 11X July 10 115 4 13** Sale Sale 19 Sale 10 7 6 21 28 20 20 31 5 17 1 13 13 7 10 17 5** July July 1** July 2** July July 169** July 32*4 July July July 5X July 4X July 5*4 July 1*4 July 135 July 10*4 July 13** July 20 31H 18 7 19 27 27 10 27 25 25 17 17 18 29 31 31 24 12 8 7 12 8h X Sale 13 6 % 12X 35** 40 6X 7 12 X Sale 3 X Sale 30 33X 40 X 5** 11** 2** 31** 7** OX Sale 6** 13** 42 6 Sale 3X 35** 9 Sale **6 Sale 15** Sale 44 Sale 5** 12** 4 39** Sale Sale 4** Sale July 6** July ** July 8 13** 40** 5** 11** 3 35 11 11 1 July 11 7** July 18 ** July 20 8 16*4 July 24 July July July July July July 31 July 12 July 18 July 28 July 31 July 44 5% 12?* 4*4 39*4 400 m, 5 * 4,100 Neptune Meter class A 2,600 Nestle Le Mur Co class A 50 Nevada Calif Elec com 100 m. •» ~ •» 75 100 2,075 mmmw-- 170 1,100 900 3,700 2,800 2,800 100 100 750 400 560 110 3,500 200 240 29,500 1,825 170 4,400 800 2,300 10 3,500 200 2,300 70X 5 7% preferred 7X Sale IX 2X 1 IX 13X 103 45X * 100 — 5X 5X X 84** 3 3** If Sale 91 3** Ut g Sale ** 43 40 X 50 52 10** 11** 10** 11** Sale 8 8X IX $ 37** 48 13* 115 114 Sale Sale 40 8** Sale "IX Sale" 12** 12** July July 3 ** July ** July 47** July 10** July 6 8 5 5** 6** 4 8 6 8 ** X 67** 21X 108** 21 Sale Sale Sale IX Sale 26 2X 19 Sale N Y Pr & Lt $6 pref 8X Sale * 100 1 - 4** ** 1 5 Class A warrants Class B warrants 27,700 Niagara Share Corp class B..5 Class A preferred 100 110 * 47,400 Niles-Bement-Pond com 800 Nineteen Hundred Corp B 1 5 20,800 Nipissing Mines 111 4 10** 52** 68** 24** 1 114 73 24 118 73?* 25** 120 Sale 11 53** iH iH i** elH 69 73 22 25 24 3* 21 23 7X 8** Sale W 2 IX A* 20 X 8 103 8** July 1** July ** July 12 July 4% July 5 July ** July 3 13 29 % July 50** July 11*4 July 5 6 3 17 3 18 13 8** July 22 1** July 17 1** July 31 12 July 17 July July 21 19 25 14 18 5 J* July 6 July 25 28 ** July 25 14** July 68** July 28 /14** July 5 76 July July 4 July 10** July 51** July 1X July 65 July 24 July 1 ** July 24 8** Sale 20 8 103 Sale 4 7** 4 16 8 Sale 82 6** 9** 4** 9** 4** 10** 5 18 Sale 7X Sale 87** Sale Sale X* X IX 2 5X Sale 5*6 lVs 4** 86 61 8** IX Sale 8X Sale ** 1** 4** 88 Sale 7** 1** 1** 47** 7** 5*6 ** IX 1** 5** Sale 53"" 8 1**' Sale 8** 1** July July July July 4 Jan. 4 11 1*4 Jan. A* Jan. 14 Mar. 2 37 Jan. Apr. 90 115 Jan. 116 5*4 Jan. 3*4 Jan. 2*4 Mar. 7 July 172** May 33 *4 June 31*4 July Mar. Jan. Apr. 29*4 Jan. 24 X Apr. June 5*1 Apr. Apr. 135 Apr. Apr. 10*4 14 X 9*4 70*4 Apr. Apr. Apr. 19 11 Xt June 9*4 Feb. 10 Jan. 33** Jan. 5 May 11 *4 Apr. 2*4 May 28** Apr. 10 9*2 July 4 July 14 17** July 19 5*g July 10 84 July 14 7 72 July 8 5*6 July 22 1** July 4** July 13 88 July 17 1 47** July 7** July 20 3 1** July t» X?6$ 1*1 23 3 11 2 9) 25 16 July 17 July July May 6 Jan. Jan. 25 20 91 9 10 17 10 29 3 11 10 11 31 July 5** Jan. 31 17 10 31 5 5 Jan. Jan. 11 60*4 Jan. 4 i! 9 Mar. 21 13 4 5*4 Mar. 8** Feb. 28 2*4 Jan. 19 1*4 Jan. 12 15*4 Feb. 27 9 54 Jan. July Feb. 14 25 Jan. 9 Jan. 3 July 28 June 16 1 3*4 Mar. 24 Mar. 28 40 6 Mar. 11 15 May Apr. Apr. Apr. July Apr. Apr. 3 10 24 Jan. 3 116 50*4 78*4 5** 24 9 12 22 6 24 6 31 31 Mar. 10 June 14 Jan. 20 Mar. 8 6 40 18 20 Jan. 11 20 31 Jan. 9*4 Feb. 16*4 July 44 July 7*4 May 13*4 Mar. Apr. 11 3 May 27 2X Apr. 10 76 July 18 24*4 June 24 H8*4 July 20 Jan. 8 3 Mar. 14 9 Jan. 6254 Jan. 154 Jan. Apr. 80 Jan. 10 July 27 Jan. 23 Apr. Apr. July 2 Jan. 3 23 9 27 Feb. 25 June 10 Mar. 14 Apr. 106 June 10 Jan. 113** June 26 29 8 20 27 Apr. 17 Apr. Apr. Apr. Apr. Mar. July Apr. 8 8 20 27 25 22 8 Mar. 8 26 31 13 25 1 26 17 25 25 18 , Jan. 24 10*4 July July July i 7*4 July 87 X July July July July July 88 July July July 1*4 July 26 69 20 8 8 9 X Apr. 44 May 10*4 Apr. 4** June 7*4 Jan. 1*4 Apr. ** Apr. 12 Apr. *4 Mar. 102 Jan. 35 June 78*4 Jan. 2*4 Apr. 4 Apr. *4 Jan. 3*4 Mar. 36*4 Feb. 8 27 5 9 5X Mar. 1*4 July 29 Mar, 5 18 OX Jan. Jan. 7 5 1 Mar. 23 Apr. June 152 7 14*4 Feb. 28 June 3*4 14*4 IX IX 5*4 12 Mar. 14 May 29 4*4 July 31 3*4 Feb. 9** Apr. July 6 8*4 July 17 27 104** July 18 5 113 July 25 10 31 354 Feb. 24 1*4 Jan. 59*4 July 118?* July 4** Jul 12 July 55** July 1** July 75X July 24 July 1 ** July 115 110 13 X 3X 5** Mar. 8 1 Mar. 21 9*4 July 15** Jan. Mar. 21 22** Feb. 20 % May 15 ** Jan. 4 2*4 Jan. 4 8 Jan. 9 ** Jan. 9 4 May 24 95 109 Apr. Apr. \L Jan. 115** July 28 116 115** 117 .10% July 3 45 42** 44** 39 3** Sale City Omnibus warrants.. 10 N Y Merchandise Co corn--10 1,490 N Y Water Serv 6% pref—.100 10 292,000 Niagara Hud Pow com 5% 1st pref 100 9,035 250 5% 2d pref.... —100 14X N Y & Hond Rosario M For footnotes see page 53. 82 July 31 3*4 July 15 4 July 18 91 100 N Y 7% preferred N A Shipbuilding Co— Founders shares. 9,700 12,500 New York Transit 24.200 8.700 Sale IX IX 58 X 60 12 X Sale 1,275 New England Pow Assn com.* 6% preferred 100 18,950 125 $2 preferred 870 New Engl Tel & Tel Co 100 * 4,800 New Haven Clock Co com * 11,800 New Idea Inc common 25 30.200 New Jersey Zinc 1 22,800 New Mexico & Ariz Land. 10 24,100 Newmont Mining Corp * 600 New Process Co common * 1,800 N Y Auction Co common 7,000 7,150 7,900 1,580 1,730 73X 84 3 * preferred 3.400 Nelson (Herman) Corp Jan. Jan. 7* X Jan. ** May 17 2** May 25 37 July 19 80 54** July pref-10 300 . * * * 1 National Refining com 8 IX June National Power & Light— 4,025 12 93 Jan. 77 1 31 11 25 19 12 3** July July 1** July IX 2 2 July OX 6** July 165 July 166** Sale 32 July Sale 30 30 July ** July 5*9 ** 5** July Sale 4 3 ** July 5 July 5X Sale ** July Sale 128 135 July 8 J* July 10** Sale 12 July 13** 12** 4X 19 20 18 4Va 12** 14 July July Mar. 6*4 Jan. ** July July X July 27 11** aXH Sale 95 Sale 5** Jan. 28 11 4 13 94 *\H Sale 10 21 6 I 6 Apr. 8 2** Jan. 4 9 17 Jan. 4 Apr. 10 125 Jan. 28 150*4 June 6 5 July 18 3*4 Jan. 30 86 Feb. 10 101 June 16 14 Apr. 19 20** Feb. 20 Mar. I conv iX* 55*4 July May 29 93*4 Apr. 8 *4 Jan. 24 5*6 July 13 ** June 5** June 30 % Feb. 17 2% Jan. 7 July July ** July 7 July 16** 96 2 7 2** June 29 7*4 Jan. 5 19*4 July 28 May i $3 39X Xt OX Sale 5 5X Springiilled Corp.-* 3,350 15** 92** ** 115 19,300 Nat Automative Fibres com_.l 1 50,900 Nat Bellas Hess com National Breweries com * * """loo National Candy Co com 10,200 National City Lines com—...l 500 Nachman . 88 8,660 Montgomery Ward & Co A--* 6,100 Montreal Lt Ht & Pow com 200 1,800 5,200 - - 200 Midwest Piping & «. — * $2 non-cum div shares 3,300 5,550 Midvale Co.. 3,000 Mid-West Abrasive Co 25,400 Midwest Oil Co 5 2** July 12 2 Feb. 4 4** Feb. 8 14** Apr. 13 Midland Steel Products— 1,100 Mar. Jan. 17 17 1 3 ** July July ** July 4 July 4X 4X 17 12 19 Lowest Sale Prices 3X July 27 July 3** July 62 July ** July 18 19** 4X 4X Participating preferred * 1,350 40,500 Merritt Chapman & Scott - — -* 6** % A preferred -100 2,100 Common stock pur warr ts__ 2,300 --1 93,700 Mesabi Iron 5,000 Metal Textile Corp com —-25c 4 92** 1** July IX 9** July 10 136 146 July 17 17** 4% Sale 64 Sale * 141 Sale 17 X 16 1 1** 9** IX 10 X Highest Sale Prices Prices 55** July 5 * class A 2X 4X 16** Sale 2X 5X Sale 14** 3** 2X 4X 19 J* 16 15 Sale * 130** 133 5,600 Mead Johnson & Co com 19,200 Memphis Nat Gas com. 2,435 Memphis P & L $7 pref 2,900 Mercantile Stores Co 6,500 Merchants & Mfrs 19 16 Sale Ask Ask Bid Bid Lowest July 31 July 1 Ask 50 3,700 1,100 1 Jan. 3 Jan. 1 Shares RANGE SINCE JAN. JULY Price CURB EXCHANGE Jan. , 9 Apr. 10 Apr. 20 June 8 2 13** 4*4 22*4 9*4 91** Jan. 4 Jan. 1 Feb. 8 Mar. 10 Mar. 15 82 Jan. 3 Xt Feb. 6 Jan. 4 2 6*4 90** 64** 8*4 1*4 Mar. 10 Mar. 10 Mar. 9 July 25 Mar. 2 AGGREGATE PRICES IN JULY SALES July 1,100 5,600 1,750 5,400 1,900 940 500 300 1,500 580 280 300 8,200 700 2,900 400 975 1,100 720 80 50 100 19,200 2,600 1,475 4,100 "700 400 STOCKS (Continued) Par 14,700 Noma Elec Corp com— 1 1 52,700 Nor Amer Lt & row com 10,925 $6 preferred * 13.100 North Amer Rayoncl A— Class B common.* 6,600 2,785 6% prior preferred 50 * 3,500 Nor Amer Util Sec com 5 2,500 North Cent Texas Oil 12,000 North European Oil com 1 2,980 Nor Ind Pub Ser 6% pref---100 1,900 7% preferred 100 4,400 Northern Pipe Line ; 10 25 62,804 Nor States Power A 8,300 Northwest Engineering * 15,700 Novadel Agene Corp * 100 200 Pacific G & E 6% 1,400 ""200 — * 1st pref...25 Sa®!* 62% 23 2. 47 Sale 21 45 3% % 5 Sale Sale 30 12 16 29 73 32 i Sale Sale 10 Sale 41% Sale 11 Sale * 107% Sale 67 70 100 6% 7% * 20% 21% Pacific Public Service com— 1st preferred 4% 7% 15% 33 Sale Sale^ 96 Sale 104% 5% 5% 10% 8% 16% 18 34 34% Sale Sat* 4 July July July Juiy July July July P July July 89% July 100 July 5% July 8 July 18 July 33 July 56% 14% 15% 43% 5 10 1% 12 ,65% 1 20% 7 20 7 46% 12 27 17 1 97 1 107 5 5% 6 11% 18 3 |58* 17 7% 8% 13% Sale 47 43 % Sale 107% 100% 110% 1% 1% 1H 17* 8 3% 7% 2% 7% July 3 July 106 July Sale 30% 114% July 114% 105% 7% 17% July July July July 49 July 111 July 1 % July 240 200 7% Sale 3 3% 700 Penn Mex Fuel common—50c 50 1,400 ""ioo 1,300 650 25 50 100 260 1,400 250 "l'.900 600 50 3,800 3,100 " 1,325 3,700 166,600 12,300 600 189,200 Pennroad Corp com 48,000 Pa Cent Airlines com 450 Pa Edison Co $2.80 pref 450 $5 preferred 3,900 Pa Gas & Elec class A Pa Pow & Lt $6 pret 2,320 $7 preferred 8,650 1,450 Pennsylvania Salt Mfg 225 Pennsylvania Sugar Co 15,600 Pa Water & Power 3,700 Pep per ell Mfg Co 750 Perfect Circle 6,900 225 600 920 200 4,200 400 3,400 "MOO 200 2,800 100 " 1,700 2,300 1 550 Pitts Bessemer & L E RR 18 17 13 33 30 July July 35% July 31% July 24 22 83 July 91 % July 5% July 5% July 22% July 14 3 27 89% 6% 22% 22 22 July 28 140 10 170 700 3,600 Pitts & Lake Erie RR 50 5 3% 25% 27% 0% Sale 6% 7 11% 40% 8% 41 Sale 37% 7% Sale 2 1% 9% 106 147% 150 Sale 64 2% Sale Sale 4 Sale 149% 150 78 61 64 27 Sale 70 25% 26% 8 8% 6 5% 4% 4M 4% Sale 23% Sale 12 o 72% 27% * Providence Gas Co * com $6 preferred * Jan. Sale 4 Sale 8% Sale 33% Sale 13 % 2% 2*' 8 Sale 7 46% 6% 52* 48 Sat* 7 114 % 3% 8% 98 48 % 4% 9% 17% 1% 43 8% 3% 7% 5% 3% 8 5% Sale 30 1% July 10% July 5 109 8 23 21 14 17 17 6 5% Apr. 5 20 Jan. 27 Jan. 27 Sale 1 Sale July 9% July 36% July 12 July July 1 % July 7% July 5 101 5 13 22 2% 8% 42% 11% 55% 7% 114% % 10% 25 13 24 22 22 July July July July July July 17 July 31 July 3 July 22 Sale 98 1% 1 % July 24 2% July 6 % 4% % Sale 10% % July 3 % July 9% July 24 14 21 % July 4% July 10% July 24 25 27 10 19% 1% 38 8 o* ' Sale 1% 20 17% July 1% July 2 July July 28 18 8 Sale 4% 3% 8% 8% 5% Sale 94% 101% July %« July 3 % July 7% July 5% July July 98 18 5 12 10 6 13 9% Mar. 3 July 24 July 22 35% 31% 108% 91% 7% 22% 101% Jan. 11 July 14 Mar. 10 July Mar. 27 9 7% Jan. 4% July 3 3 6 20 Mar. 41 July 13 12 Feb. 2 Jan. 24 9% July 25 % July 24 4% July 28 8% July 24 6 July 18 98 July 13 9 34% June 19 25 113 July 8 8 % Mar. 10 Apr. 19 1% June 29 Apr. 8 Apr. 6 38 July 18 17 65 July 20 30 *\* Jan. 53 2 Apr. 19 2% Feb. 28 10% July 22 June 17 3 92% Jan. Jan. 98 5% Jan. 4 106 July 3 109 Feb. 74 Jan. 17 5 58 Apr. 10 23% Apr. 10 Jan. 75 27 Feb. Apr. 8 z!0% Jan. Apr. 11 8% July 116% June 20 118% Feb. 29% July 10 30% Jan. 5% June 2% Jan. 24 9% July 2% Apr. 10 16 Apr. 10 36% July 10 Apr. 8 18% Feb. 8 2% Apr. 5% Apr. 10 Apr. 6% Apr. July 46 6 12% Jan. 64% Jan. 1 16 16 22 24 22 23 20 4 4 Mar. 7 Mar. 16 Jan. 10% July 22 Feb. 7 2% Jan. 3 Jan. 3 Feb. 6 8 3*' A* 102 Mar. i* Mar. Apr. io^ Jan. Mar. 9 Apr. 21 23 3* Apr. 7 4 28 2% Jan. 3 8% July 28 Feb. 1 117 Apr. Apr. 9 Apr. 101% Apr. 16% May 1% June 7 7 43 8 Apr. 90 Apr. % Jan. 7% Apr. 8 Feb. 1% May 5 26 7 Mar. 11 Jan. 16 84% Mar. 7 5 41 31 June 12 Apr. 18 167 135 36 42 9 9% June 10 4% Mar. 13 11 % Apr. 9% July 11 8% July 28 5 8 24 12 29 July 18 July 20 July 21 July 31 July 25 July 12 30% July 10 21 Mar. 28 111% July 19 72 July 21 25% July 5 13 11 6 4 26 112 June 22 10 9 1% Jan. 68% Jan. 35 79% July 3 June 13 July Apr. 7% Apr. 41 7 150 10 4 7 24 Mar. 16 5 106 25 June Jan. Jan. 1% 17% 1% 38% 7% 97 9% Sale 2% July 7% July 41% July 7 July 46 July 7 July Jan. 14 3 July 4% July 23 July 11 July 6 Mar. 16 June 24 16 65 4 Feb. 8% Apr. 27 38 29% July 29 May 16 6 12 5 July 26 July 28 18 77% July 63% July 25% July 5 9 14 June 8 Feb. Feb. July 21 6 % Sale 92 1 Sale h* 10* 4% Sale 6 % 7 0% 7% 1 July 38 July 63 July 3 July 102 July 103 % July 148% July 8% 2 40 1% July 8 7 1% 35 July 1% Jan. 4 8 105% July 28 9% Jan. 11 17% July 6 49 July 2% Apr. 14 8 Apr. 31% Apr. 28% Jan. 104% Apr. 4 11 % July 14 17 6 July 10% July 19 34% July 25 113 July 7 % July 8% July 2% Sale Sale 8% July 34 7 18 4% Apr. 11 3% Mar. 13 11 Apr. 17 5% July 4% July 15 Sale 11 ,*• Sale 25c Corp Prosperity Co B common- 1 6 6 12 9 % 7% 1 Producers 5 15 77% Sale 101 4% July 111% July % % July 2% 2% 17* 17^ 10^. 2% Sale 1* 3% 3% * Pressed Metals of Amer 4 July July 10% July 40 Sale 34 % % % 42 10% 33% 30 2% Sale 5% Sale 23 Sale * 100 * 4% July 14 8 5 com Investors 5 10 9 2% 2% 1% Sale Pitts Metallurgical Prudential 5% Sale 4 4 3% 1 11% Sale Pittsburgh Forgings Co 9,000 Potrero Sugar com 29,500 Powdrell & Alexander com 550 Power Corp of Can com First preferred 70 7,600 Pratt & Lambert 28,400 Premier Gold Mining 20 400 Sale 5 28 8 108 14 112% 7 115 27 114% Sale 88 6 Feb. Jan. 47* 13 Sale 50 Co .10 Pittsburgh Plate Glass com. .25 Pleasant Valley Wine Co 1 Plough, Inc * 250 Pneumatic Scale Corp Ltd—10 21,200 Polaris Mining Co 25c 300 3,900 % 8% * 08% Sale * Sale 50 166 20 73 * 74% 69 Sale 100 1 44,800 Pioneer Gold Mines Ltd 45,400 Pitney Bowes Postage Meter.* 6,900 11,600 9,000 3,125 21,600 1,500 7% 27 7 16 27 9 % %« Jan. 98 81 Apr. 11 87% Apr. 13 107 6 6 4% Feb. 12% Apr. 11 Jan. 25 15 20% 24 Apr. 10 35% 15 * * 2% Julv 16 Apr. 97% Apr. 98% June 28 zlll%Feb. 11 104% Jan. 6 97 Apr. 28 7% July 21 8% Apr. 24 35 Apr. 11 96% Apr. 3 1 Apr. 35 * com 150 Prentice-Hall Inc "Y.700 39 1 37,000 Pharis Tire & Rubber Co 9,200 Philadelphia Co com— 150 Phila Elec $5 div preferred...* 4,175 Phila El Pow 8% pref —25 37,000 Phillips Packing Co 287,000 Phoenix Securities common—1 27,600 $3 conv preferred A 10 * 11,500 Pierce Governor Co com 36,500 5,410 5,700 37,800 4,900 12,300 35 —1 Pines Winterfront Co— "6",500 14% 2.50 500 Penn Traffic Co 22,900 8,500 13% 13% Apr. 19 14% June 30 42% May 22 6 % Apr. Feb. 1% Jan. 65% July 22% Jan. 17 31% Sale 16 May 16 Apr. 10 Mar. 31 19 July July 14 17 4 53* 99 106% 107 83% 85 5% 5% 20% 21% Tubes com.. Pantepec Oil of Venezuelae American shares 392,600 1,400 Paramount Motors Corp 10 1,400 Parker Pen Co— 7,900 Parkersburg Rig & Reel Co..l Patchogue Plymouth Mills—* 1,550 Pender (D) Grocery cl A * Class B * 16,150 3,200 Peninsula Telep Co com 240 7% preferred 100 Highest Sale Prices 27 11 12 10 33% 8% 3 July 18 July 27 July 31 July 28 July 26 July 24 July 14 July 17 July 25 July 29 5 July July 27 July 18 July 18 19 July 106% July July July July July July July July July July Sale 108 July 1 % July 1% 104% 102% 112% 112% 105% 7% 8% Sale 13 % 48 43% 7% 2% Lowest 125 Page-Hersey 26,500 1,100 1 Sale Prices Highest Sale Prices 4% July 18 Sale Prices 105% 105% 106% Sale Sale 102% 103% 106 113% Sale 30 25 5%% 1st preferred Pacific Ltg Corp $6 pref Pacific P & L 7% pref 30% a 102 Sale Lowest Ask Ask Bid 4 4 4% 1% Sale A* 57 58% 04% Sale 19% Sale 14% Sale Sale 14% 15% 46 43 '3% 47% % % Vs 3% Bid 100 "4% - 300 Pacific Can Co common 2,400 m 61 % 21 % 25 * 4,720 Ohio Brass class B 5,025 Ohio Edison $6 preferred * 100 5,800 Ohio Oil 6% pref. 100 110% 3,180 Ohio Power 6% preferred —100 710 Ohio Pub Serv 7% 1st pref. 100 280 6% 1st pref. 100 9% .5 1,000 Oilstocks Ltd common. .15 12% 86,400 Oklahoma Nat Gas com 38 11,625 $3 preferred 50 Conv 6% prior pref 4,205 100 100 1% 18,500 Oldetyme Distillers 1 Oliver United .Filters B * 1 >14 "3", 400 Omar Inc * \% 5,600 Overseas Securities Co 68,700 16,400 3.625 1,290 1,800 12,500 Ask Bid July 31 July 1 1939 Shares SINCE JAN. Jan. 3 Jan. 1 Shares RANGE Price YORK NEW CURB EXCHANGE Since In 47 CURB EXCHANGE YORK NEW AUG., 1939] Jan. June 17 5 Mar. 1 Mar. 2 5% Jan. Jan. 6 ar. 5 8 ar. 10 7% 100% Mar. 9 5 Apr. 94% Jan. Public Service of Clorado— 5,900 3,150 6% 1st preferred 7% 1st preferred 20,410 Public Serv of Ind pr pref— 14,080 $6 preferred 100 100 * * _ . 104% July 112 79% 43% Sale Sale July 60% July 36% July 26 105% July 19 112 July 5 3 80% July 43% July 19 19 29 29 Apr. 18 105% Apr. 27 Feb. 20 112 July 19 80% July 29 44% Jan. 13 26 Apr. 11 43% July 29 104 107 Public Service of Oklahoma— 220 730 110 440 100 250 9,675 33,700 25,200 3,975 300 pref 100 7% prior lien pref 100 ^Public Util Securities— $7 part preferred Puget Sound P & L .$6 pref— $5 preferred Puget Sound Pulp & Timb...* Pyle-National Co com ...5 Pyrene Mfg 10 50 250 700 6,100 160 2,180 Quaker Oats com 6% preferred 2,680 850 Quebec Power Co 520 150 750 T666 1,300 400 500 2,300 100 1,100 300 5,000 800 99 6% prior lien .1 33,300 Richmond Radiator com Rio Grande Valley Gas Co— Voting trust ctfs 1 6,100 Far footnotes see pege 53. 15% Sale "5% "o% "4% "1% 24 51% Sale 4 3% 5% 6% Sale 65% 3% Sale 4% 6% 5 150 152 154 157 15% 12 13% 38% 1% 41 4 Sale 5% Sale 11% 12% % Sale 4% 5 3 % Sale 1% 26 1% J* 28 5% 16% % 93 Jan. 3 101 Jan. % July 20 24% July 28 66 July 28 8% July 6 150 3. Sale 42 1% Sale 2 2% 27% Sale 12% 37% 'B Sale % 10% 8 4 4 % 5* %a 5% 2% 2% 2% 3 % % July July 21 125 6 156 July 15 July 26 3 % 12 July 1 % July 1 % July 27% July 7 July % July 11 July July 4% July 2% July % July 6 7 6 17 25 3 18 7 12 8 14 10 14 24 103% June 12 June 14 31 110 %8 Jan. 14 14 .Jan. 18 Jan. 34% Jan. 12 4 May 22 8 4% Feb. 11 6% Apr. 21 25) Mar. 11 66 July 28 5 12 Jan. 26 Jan. 19 7 June 5 10 125 July 31 148% May 22 158% Jan. 28 16 Mar. 31 18% Mar. 10 July 31 July 27 108 Apr. 11 9 July •A Feb. 17% % 9% i % % 27 9 15 21 4 22 24 120 44 32 7% July 5% July Sale 20 2% 5% 20 5 1 125 39 2 July 18 July 51% July 123 Sale 11 10 120 July 109% July 5 102 108% July Sale * 118 155 100 150 10% 17% * * 3,775 Railway & Light Securities 657 Rys & Util invest cl A com—1 Raymond Concrete Pile— Common-.. * 8,150 $3 conv pref * 1,150 Raytheon Mfg com __50c 3,500 * 9,800 Red Bank Oil Co * 9,500 Reed Roller Bit Co » 4,500 Reeves (Daniel) com 50c 12,200 Reiter Foster Oil Corp 5 2,700 Reliance El & Eng Co 1 17,900 t Reynolds Investcom * 3,000 Rice Stix Dry Goods Co July July July 1 % July 2% July 25 24 21 27% July 31 8% July 28 July 11 July % July 5 July 3 July July 6 18 7 26 21 18 15 9 21 4 17 Jan. 4 33% Jan. 8% July 28 Jan. 2 5 Jan. Mar. 31 1% Apr. Mar. 11 2% Jan. % Jan. 9% June 27 % Feb. 6 4 Jan. 41 12 Apr. 35% Apr. 1 Apr. 1% July 25 Apr. 5 12% Mar. 9 % June 21 11 % May 19 12 Mar. 4 7 % Jan. 3 Jan. 18 Jan. 5 %A% May 26 NEW 48 YORK EXCHANGE CURB AGGREGATE In „ Jan. 3 CURB EXCHANGE Since July Jan. 1 Shares 1939 STOCKS Par (1Concluded) 600 15,500 2,000 6,300 14,900 $1.20 conv preferred 1,900 4,800 Rossia Internat Corp.75 Royalite Oil Co Ltd— 7,850 Royal Typewriter com 4,600 Russeks Eifth Ave lnc 82,300 Rustless Iron & Steel Corp 200 1,300 400 200 " 1,350 400 10,600 250 800 150 200 7,700 75 4,000 500 100 400 5,500 """240 Scranton-Spring Brook Water Service $6 preferr ek 550 * 18,112 Scullin Steel Co common. .—* Warrants.. 26,500 4,100 Securities Corp Gen'l com 4,700 750 800 300 100 300 41,900 6,200 1,900 2,700 Sale Sale 2% 7 X iiH 40 Selected Industries.. 5 1,410 6 Sale 66 IX 5X X 53 4 3 8X Sale 443* 42 2 2X X Sale 533* Sale 3X 4X 10% Sale 44 43 Sale 17 Sale IX 2 2 Sale 9X X X UX 10X 1 233* 93* 13* 13* 43* 3* 37 52 56 45 23 July July July July July July July July July July July July July July July 22 July 4 83* 433* 23* 3* 55 July July July July July July 13 X 12 21X 22X 19 21 17 July X X 1 253* Sale 19 17% 163* 18 43* 103* 443* 23* X 573* 3 3* 23* 433* 103* 13* 3* 133* X July 13 9 93* IX 1 23* 13* 383* 93* 3* X 14 Sale Sale IX 33 Sale 6H Sale 6 X X 34 X X 6X 7 X IX Sale 67 68 A Sale 573* X 6X Sale Sale 21 Sale 42 A Sale 8X Sale % 4X 57 X 3 34 40 IX 93* 73* Sale % Sale 13-s IX 6 61 61 X X IX IX 6X 7X 3X Sale 53* 5X 19X 20 863* 89X 7' 613^ 63 62 63 X X 13* 6X 7 3X Sale 63-* 63* 193* 193* 973* 993* 1 July 25 July 18 July 24 July 11 July July 28 July 28 July 18 July 17 613* July 27 63 July 18 63* July 3* July 13* July 37 July X July 63* July 113* July X July 5 July 583* July 573* July 83* % 13* 373* 3*6 83* 113* 3* 73* 25 * _ _ 300 900 100 Corp conv pref —* 32,100 Simmons H'ware & Paint Co—* 1 7,100 Simplicity Pattern Co -100 2,400 SingerMfg Co Singer Mfg Ltd— Am dep rets ord reg shs—£1 24,225 135 Sioux City G & E 7% pref. 100 100 Skinner Organ Co new corn-.5 75 Smith (Howard) Paper Mills.* 1 21,600 Solar Mfg Co 1 32,800 Sonotone Corp.. ... 1 8,000 Soss Mfg Co 1 5,300 South Coast Corp com .25 20,900 Sou Calif Edison pref B 53* % pref class O 25 15,500 5% original pref 25 2,980 2,900 Southern Colo Power cl A—25 ""'20 7% preferred 100 230 320 South New Engl Telep Co. .100 100 700 520 2,100 4,200 2,000 2,600 2,200 1,400 80 1,800 Southern Pipe Line.. 5,500 Southern Union Gas com 600 400 775 250 5,100 "2" 800 700 300 100 4,700 1.100 13,800 8,200 3,500 750 500 100 2,050 6,000 12,900 5,100 275 3,500 500 700 , 5,300 1,260 6,710 49,700 24,000 21,100 3,125 42,600 3,300 2,750 28,100 118,100 128,500 2,900 125 150 5,400 49,900 225 ""350 150 1,500 700 5,500 800 """200 1,100 22,866 600 500 900 3,300 11,200 2X IX IX Sale 143* Sale IX 4X 84 X Common... $1.60 conv 155"" 1 2X 4 5X 32 X 63* ... 20 preferred Sale X lA 3 3X 2X X 16 A X Sale 21 X Sale IX ux 2X 13 Sale 1 20 104 Sale IX $7 preferred (A) & Co com * 1,750 63*% preferred —.100 30 * 10,700 Sterchi Bros Stores Inc.. 6% 1st preferred —50 275 5% 2d preferred —20 400 rling Aluminum Prod 1 14,300 Ster. 1 7,100 Sterling Brewers lnc 41,175 Sterling lnc —* 7,000 Stetson (John B) Co com .--.5 4,500 Stinnes (Hugo) Corp 4,500 Stroock (S) & Co Inc.. Sullivan Machinery Co..6,700 600 Sunray Drug Co com 97,500 Sunray Oil... 53*% conv preferred 4,300 13,000 Superior Oil Co of Calif * Taggart Corp com Tampa Electric Co Tastyeast lnc class A Taylor Distilling Co. 11 July 21 July 15 20 15 25 21 2 6 53* 293* 193* IX 9X 18 X 2X Sale IX 9X Sale Sale 10 103* 20 203* 106 107 X % X 24* Sale Sale a A X 2X 23* 2 IX X .X 16 X Sale 23 X 223* 12 % Sale Sale Sale 23* Sale 293* 13* Sale 3 Mar. 2 5 7 593* Feb. Jan. 6 3 13* Jan. 4 17 Jan. 11 13 3* July 25 273* Mar. 3 1143* Apr. 25 223* Jan. 17 27 8 1 11 30 29 27 28 28 Mar. 10 133* 13* 1X 373* % 83* Jan. Jan. Feb. 15 Jan. 1 X % 13* 93* 53* 5 3 17 July 11 Jan. 7 Mar. 29 Apr. 4 93* Jan. 693* Mar. 70 Mar. Feb. May 4 3 9 9 16 9 June 21 20 Jan. 3 Jan. 9 Jan. 6 223* Mar. 10 1133* Mar. 13 1153* Mar. 7 Jan. 14 6 5 36 Feb. 93* Apr. 11 July 20 13* Apr. 11 13* Apr. 10 6 July 21 15 9 Sale Sale 32 IX IX 16 33* IX 3 , ii 23* 53* Sale 31 iix "l23* IX 11 IX 12 16 July 11 97 July 11 Sale 173* 193* 43* Sale 163* Sale July July July July July July 45 July 13* July July July July July 29 July 28 J* July 44 July 13* July 156 33* 13* 143* 53* 293* 18 . 156 July 6 33* July 24 2 July 24 July July July July July July July July July 33* 14 2 26 13* 93* 123* 183* 153* 243* 1063* X % 3* 183* Sale July 13* July 3*6 July 163* July 233* July 153* July 6 July 313* July 19 July 43* July 30 July 22 13 24 17 19 1 X Ja "93* Sale July July 83* July X July 32 July 13* July 14 July 13* July 23* July 20 2 July 24 3*6 July 14 18 July 27 26 July 31 Jan. 3 84g June 2 2 10 11 1 3 27 11 31 33* July July 3 1 2 July 22 11 Mar. 31 Mar. 28 14' 20 Apr. 10 Apr. 8 2 May May 31 9 47 * Apr. 11 Feb. 21 17 102 Sale 3X 3X Sale IX 10 X Sale 3X 4X Sale 2X 3 3X 5X X 1 8X 9X 6X Sale 3X 43* Apr. 11 Jan. 4 May 5 63* Apr. 12 8 Apr. 153* Apr. 11 21 IX July 5 Apr. 5 153* July 11 14 13* July 18 13* May 10 733* June 26 10 May 25 July 3 133* July 15 3 July 5 43* July 13 5X Sale 23* 33* 33* Sale 83* July 53* July 83* July 43! July 23* July 33* July 5 July 43* July July 30 19 1 36 Mar. 21 Jan. 16 33* Jan. 36 July 18 July 26 July 27 31 3 23* Jan. 123* Jan. 14 July 183* Mar. 153* July July July Feb. Jan. Feb. M Mar. Jan. 41$ June 12 14 21 21 12 11 27 27 24 6 4 6 11 9 5 23* Jan. 24 153* July 43* Jan. 11 74 4 June 23 18 43* Feb. 8 23* Apr. 8 Jan. 13 13 7 Jan. 10 18 11 4 17 Apr. 8 23* Apr. 18 23* Mar. 31 20 5 83* July 8 July 24 22 July 2 Jan. 3 Mar. 11 13 X July Feb. Mar. 31 107 33* July 53* July 3 11 2 May A™ Apr. 10 Apr. 11 12 June 9 53* Jan. 23* July 28 6 293* June 293* June 16 45 July 24 7 14 28 331 July a9& « Jan. 17 June 30 59 6 27 1573* June 28 4 Feb. 28 33* Jan. 27 3 23* Mar. 10 13* Apr. 10 Mar. 2 153* July 22 5 63* Jan. 12 May 1 27 Apr. 11 343* Mar. 11 18 July 3 193* Mar. 28 June & 7 10 Apr. 26 Jan. 105 "43* 17 Jan. 148 1 13* July 103* July 14 July July 153* July 243* July 107 July July 3* July 28 July July July July 13* July July July July July July July July 3* July Sale 3* 363* Sale 13* 13* 13 22 18 14 11 14 13* 103* 113* 173* 183* Sale 93* Sale 203* 108 1063* ,}* Sale 24 13* 6 36 Jan. if Ig 3* 3 Jan. 4 & 173* Jan. June 14 219 164 a9X May IX Apr. 13* Feb. 33* Apr. 13* Apr. 283* Jan. 273* Jan. 40 Apr, 13* May 23* 13* 53* 23* 293* 293* 23* 13* 43* 13* July 20 2X Feb. 10 3 33* Jan. 15 3X Sale July July 42 65 161 Sale 35 15 Mar. 14 83* Feb. 20 5 63* Jan. Feb. 3 4 4 Jan. 5 73* Feb. 27 Sale 353* Sale 41 13 Sale 373* 42 X 1 .....* .1 2X 31X 3* X 15 2X 32 X X Sale 83* 93* 7 8 11 38 393* 41 IX July 353* July 40 July 3 3 17 23* July 373* July July 42 24 7 12 43* 3 33* 323* Sale 5*6 Sale 3* 3 153* 14 1 13 23* Sale 36 33* 83* July 63* July Sale 23* 313* 3* X a;143* July July July July July 33* July 333* July % July X July 163* July Jan. 13 May Apr. Apr. Apr. Apr. Apr. 22 10 6 6 11 10 36 Apr. 10 6 23* Feb. 3 383* Jan. 453* Mar. 14 Mar. 14 42 13 4 "~X ~T 8* ,r ,v* 42 11 2 4X — 23* 13* 53* 23* 293* 283* 60 43* July 4% 158 33* ...... 4 62 —15 Technicolor lnc common— 53* 133* July 16 16 July 20 2 13* July 3 IX Sale 2 13* July 22 IX 2 166 July 10 171 1683* 1703* 158 33* 13* 11 Sale 50 25 50 Superior Portl Cement A-...* Class B common.. _„* 175 y* 25 19 25 100 101 Standard Products Go .1 1 Standard Silver Lead Standard Steel Spring Co 5 Standard Tube class B 1 Standard Wholesale Phosphate & Acid Works 20 Starrett (The) Corp v t c Steel Co of Canada ord.. 152 13* 3X 17X Sale 6X 6X 1 * 1 18 Standard Oil (Kentucky). Standard Oil (Nebraska) Standard Oil (Ohio) com 5% preferred Standard Power & Lt com Class B common 2?* 13* 4 43* IX IX 293* Sale 283* Sale 30 12 10 23-8 13* 29 33 Stand Invest $53* pref w w—* For footnotes see page 153* 97 563* 142 3 5 Stein 26,800 24,550 5,700 19,000 99,800 133* Sale 3X Sale IX Sale 53* 5X 23* 2X 28X Sale 27 X 27X 42X Sale 2 IX 25 Spanish & General Corp Ltd Am dep rets ord reg shs—£1 Am dep rets ord bear £1 Spencer Shoe Corp Stahl-Meyer lnc com * Standard Brewing Co —* Standard Cap & Seal com.—1 Conv preferred 10 Standard Dredging Corp 800 Swan-Finch Oil Corp 3,400 3,000 IX 3 .10 850 So West Pa Pine Lines 4,400 Spalding (A G) & Bros lnc—1 5% 1st preferred * 2,020 200 4,400 2,020 "4", 200 10 * 25 Preferred A 16,400 Southland Royalty Co.. 17,800 South Penn Oil 1,400 1,700 200 12X .— 10 3,300 3,500 14,900 12X 3 J an. Pub Simmons-Boardman 2,700 10X 5 43* Jan. 33* Jan. 3* 10 43* 8 52 May 16 54 May 20 Feb. 14 5 Jan. 3 65% 1073* June 103* Apr. 275 Sherwin-Williams of Can Shreveport Eldorado Pipe Line stamp. 100 2,800 Silex Co (The) common X 43* 113* J an. 63* Mar. 10 3 123* Jan. 443* July 11 3* Apr. 3* Jan. 13* July 6 Apr. 23* Jan. 53* June 183* Apr. 83 Apr. 13* July 73* July 4 July 63* July 193* July 983* July 1123* July 13* July July 3 July 53* July 19 July 863* July 1083* July 7 71 June Apr. Apr. May Mar. June Jan. July Apr. May Jan. 20 7 7 Jan. 43* 3* Apr. Apr. 23* July 13* July 37 May 93* July 3* July X June 93* Jan. 183* May 1143* Apr. 163* June Jan. Jan. 63* Mar. Mar. 53* 3* 3* 31 4 12 Feb. 27 23* Mar. 49 25 14 Jan. ■M Apr. 33* Apr. 7 Apr. 353* Apr. 2 Apr. 243* July July Apr. July Apr. Apr. Apr. 21 123* 100 5% cum pref A A A July July July July July July 19 2X 13X 193* 19 243* 113* IX 23* 53* 3* July July July July July July July July Sale IX 113* 1 11 Sale X 573* Sale 23* X 56 55 July 28 Fen. 3 Apr. 21 105 Feb. 23 102 233* July 10 July IX July IX July 43* July % July „ 53 33* 58 X 62 $5.50 prior stock 25 62 X Allotment certificates.-Selfridge Prov Stores, Ltd American dep rets £1 400 1 13,700 Sentry Safety Control 2 200 Serrick Corp class B com 1 63* * 6,400 Seton Leather com 5X 1 220,900 Seversky Aircraft Corp 8X 5 46,300 Shattuck Denn Mining 203* 7,900 Shawinigan Water & Power. Sherwin-Williams Co com—25 109 24,425 200 11 IX Sale 11 2 2 2X 5X 6X X Sale 2% 63 1 _ Convertible stock- 96 Apr 14 112 133* Mar. 3Q 15 14X 123* 23X 10X IX ™ Sale - Segal Lock & Hardwardcom-.l Seibevling Rubber com :—* Selby Shoe Co com 9X IX IX 49 42 IK Sale 3 15 12 A 71 * 60,500 121,100 3,650 35,000 5,800 3,950 2,450 Highest Sale Prices 112 114 U0X 153* * 900 Seeman Bros common 100 200 100 2-50 1 Sale Prices 14 105 July 28 100 68 -- Lowest Sale Prices Highest Sale Prices 1013* July 13 20 J $2.50 conv pref * 2,050 11,800 Ryan Oonsol Petroleum * 8,500 Ryerson & Haynes lnc com—1 ♦ 4,325 Safety Car Heating & Ltg 800 St Lawrence Corp Ltd * — --5 111,500 St Regis Paper Co 950 7% preferred 100 1 34,500 Salt Dome Oil Co 7,800 Samson United Corp com—A 5 1,100 Savoy Oil Co -* 4,400 Schiff Co com 25 34,800 ScovillMfg Co * 10 Scranton Elec $6 pref 890 Seranton Lace Co common--.* 1,700 2,600 3,500 11,800 Rolls-Royce Ltd— Am dep rets ord reg £1 Rome Cable Corp common--.5 Roosevelt Field lnc 5 Root Petroleu m Co com Ask Ask Bid Bid Lowest July 31 July 1 Ask 15 900 Roescr & Pendleton lnc 1,100 Bid 1,450 Rochester G & E 6% pf D..100 175 6% preferred O 100 Rochester Telephone Corp—10 63*% 1st pref---100 114 300 1 Price NEW YORK Shares 275 RANGE SINCE JAN. PRICES IN JULY SALES Apr. 143* Mar. 53* Jan. 4 June 26 31 25 23* June 29 283* May 10 3* May 11 3* July 5 25 14 17 26 Mar. 31 Jan. 14 93* Jan. 93* Jan. 6 3 9 1 12 53* 363* X % 223* June Mar. 14 6 7 Jan. 5 Jan. 10 Mar. 24 Feb. Jan 6 3 / NEW Aug., 1939] 49 CURB EXCHANGE YORK AGGREGATE PRICES IN JULY SALES Jan. 3 Jan. 1 4,900 160 «... - "loo 3,400 _____ 875 8o 130 """300 2,800 2,900 2,400 . 100 10,400 2,850 70O 1,500 100 - _ 1,100 Ulen & Co series A pref 300 500 200 Ask Series B 1,400 pref 10,100 Union Gas of Canada 600 Union Investment Co _ 4,600 10 * * com 33,400 Union Premier Food Stores.. 1 25 Union Traction Co 50 United Chemicals Inc— 5,700 Common * 1,500 1,150 60,100 9,100 1,850 $3 cum partic pref 305,600 Un Cigar-Whelan Stores 30,700 United Corp warrants..., 40,400 170 * 10c "UTarra rife 1,170 United G & E_7% P~r~efI"IIi66 149,900 United Lt & Power com A * 94,100 Common class B * 52,600 $6 1st pref * 400 United Milk Products com * 11,600 4,200 23,500 100 100 325 1,100 S3 preferred .. l",400 ... 6,000 4,700 52,800 Class B .1 38,925 United Shoe Mach com.....25 4,060 Preferred 25 7,800 United Specialties common 1 1,530 900 6,900 2,800 51,300 13,600 8,400 14,200 5,400 10,000 7,000 9,600 600 400 800 800 200 » - - 20 910 1,700 2,600 16,200 1,200 4,900 1,600 25,100 700 4,000 1,850 15,500 8,350 100 300 1,350 400 3% 225 600 pref conv 1st pref Universal Consol Oil Co 400 2,300 19,300 1,275 12,100 36,600 870 2,800 300 500 2,000 200 200 Sale 'A 9 100 200 2,700 , ' 8,700 7,300 3,600 10,300 X X 1% Sale 3X 3% X Sale 7X 9 Sale Sale 2% 7 l£j| 4% 4% Sale Sale % 80 Sale A* Sale 20% 80 5% 7X 6X 8X 24% 2X 7 2% 2X IX Sale 3% IX 22 2 13 14 2X 14% 2% 3X 15 3% Xs Sale 1 22% Sale 19% 24 65% 72 5 Valspar Corp common $4 conv pref 5 8 Julv 3 July 7 2% 3% 1% 2% 1% 1% 14% Sale 2% 3% 17% Sale 2% 3% 6% 1% 6% 57% Sale 2 Sale 87 Sale 15 % 1% 1% 29% 21 Sale 90% Sale Sale Sale 22 Sale 70 69% Jan. 94 36 2% 2% 1 % 14% July 3 5% July 49% July % July Xs July 1% 81% % 86% 1 % % 22% 21% 70 6 13 7 5 July July July July July July July July July July. 1 July 18 July 7 July 26 17% July 31 10% Sale 79% 80% 43% Sale 2% 3% 10% 1% 86% 48% 2% 10% Sale Sale Sale 3% 6% 56% 1 % % July July July July 28 25 28 28 2% July 24 89 July 28 % July 18 89% July 28 1% July 24 1% July 27 32 July 26 22 10% July 1% July 80 July 43% July 2% July July 19 70 Xs July 5H % Sale % 10% 1% 3% % Q 53 "iX "lH 27 X 3% ,% Sale 1% 1% 4% Sale Xt Sale 61% 62 1% 1% July 31 Sale Sale 4% Sale 2% 2% 11% 24 2% 1% 12% Sale 3% % 53 1% 13 14 12 24 Sale 24 2% 1% 2% Sale 3 1% 105% July 31 July July July July 7 July 10% 1 % 87% 49% 3% Jan. 11 8 1 7 4% July % July 62 July 1% July 2 July July 2% July 1% July 17 1 , 6 1 15 45 June 81 98% Apr. 105% Apr. 108 % 1% 2% Xs 7% Feb. 14 July Apr. June 13 May ' Apr. 2% June 1% Jan. 11 Apr. 1 % Apr. 8 21 29 Jan. X* 1 13 6 Sale 1 2% Sale 16 3% 16% 17 3% 14 8 7% Sale 16% Sale 19 % July July Xs Sale Xs 1% 1% Sale 15 July 22 5 1- . 1% July 16% July 3% July 24 14 7% July 31 July 6 % July 20 54% July 5 15 % Sale 49 Sale 55 Sale % 61% 1 Sale 2 % July 1 1% 43 46 % Sale 1% 52% Xs 1% % % 1 % 17 100 2 27 Sale 27 Sale 30 Sale 1% 9X Sale Sale * * .100 * * 1 5 1 3 10 24 31 11 Apr. 1% 1% 1% 1 % July 24% July 5 13 July 17 19 19 50 % July July 8% July 6 13 1 28 5 July 7% July 17 12 July July July July July July July 1 24% 22 21 24 21 3% 6% Sale 4% 5 3 X July 6 Sale 7 ' July 31 July 26 July 20 July 26 12 7 11 12 % 16% 23 % 24 July July July July 48% July 8% July Xs 24 8% 7% 17% % 63% 25 July 21 7 3 29 Xs 1% 25 7% 4 Feb. 1% Apr. 6% 6% July 1 54 22 7 24 17 10 19 Jan. 26 13% Apr. 6 % Jan. 17 47% Apr. 26 1% Jan. 30 July 13 1 42 Apr. 17 July 1% Apr. Mar. 20 23 73% Mar. 8 6% Mar. 8 28 7 10% May 31 1% 87% 49% 4% July July July Jan. 1 25 28 4 Jan. 5 1 % May 19 2% Apr. 6 28 19 38 % July 22 % Apr. 25 1% Apr. 8 14% Jan. 24 3 Apr. 8 12 Apr. 8 18 Jan. 68 Apr. 1 % Apr. 28% Jan. 10% Apr. 14 13 6 6% Jan. 5 % Feb. 16 % July 3% Feb. 23 July July July July 20 2% Jan. 20 36% Mar. 9 Jan. 25 242 7 Xs Jan. 19 2% July 1 % July July % July 1% July % July % July 20 July 19% 26 12 % Mar. 14 X Feb. 25 10% Apr. 25 July 12 Apr. 10 Mar. 20 Xs Apr. 12 38% Jan. 24 6 Apr. 15 1 20 20 3% July 1 5X Mar. 26 74% May 11 % May 19 4% Apr. 25 June 10 16% 27% 4% 2% % 6% Jan. Mar. 5 Jan. Jan. .Tan. Mar. % IJune 9 June 16 1% 2% 17% 4% Jan. 5 July 25 Jan. 10 15 May 26 9% June 1 19 Feb. 28 1 June 63% July 6 26 2% June 15 4 13 Xs Feb. 2 1 % Feb. 6 Xi Jan* 11 % Jan. 12 20 July 29 2% Jan. 54 Mar 2% Jan. 30 28 5 Jan. 17 Feb. 20 % Jan. 5 53 Mar. 11 9 Mar. 22 7% Feb. 18 9 Feb. 24 74% May 11 1% Mar. 19 6% Feb. 28 12 4 1 1 4% % 1% 12% 4% % 1 13 5 2% 2% 4% 3% 2% 3 3 12% 4 2% 3% Sale 2% 3% 12 1% 5% % 1X 13% 4% July 6 July 19 July 27 July 3 July 7 July 29 July 6 July 11 July 10 13 36 1 Wellington Oil Co common 1 19,100 Wentworth Mfg Co. 1.25 20,300 Western Air Express Corp .1 Western Grocery com .20 Western Maryland Ry— Sale Xs 1% 2% 17% July 6 13 11 26 1 3 3 12 1 50 18 % 4% % _* Us Sale X X a 20 X Sale 8% 1% 54 % 1% 5 6% July 28 56% July 25 1 % Jan. 3 89% July 27 Jan. 5 Mar. 15 Mar. 23 4 92% Mar. 11 % Jan. 21 50 21 13% Mar. 10 38% Mar. 10 3% Jan. 20 7% Jan. 11 Xs Jan. Apr. 10 3 6 9 5% Jan. 6 % Jan. 20 8% June 7 7 Mar. 3% Jan. Apr. Apr. June 2% Apr. 12 27 % Apr. 2% Jan. 17% July 31 2% Jan. 3 7** 3vEr. Jan. 18 11 2 Feb. 27 % July 7 Jan. Xs July 8 23 3 3% Apr. July June 19 Apr. 20% Feb. 69% Jan. 12 Feb. 14% June 19 12% Jan. 1% 74 % 80 1% X Jan. 1% Mar. 5% Jan. 18 3% Mar. 17 2 38 17 July 114% July 7 Apr. 8 19% Apr. 11 2 Apr. 11 6 Apr. 10 42 14 July 25 25% July 15 2% July 19 1% July 18 Jan. May 31 5% Mar. 10 9% Mar. 17 1% Jan. 3 72 Apr. 14 12 5 63 2 13 July July July July July Jan. 4 18 July 27 15% Jan. 4 60 Feb. 4% Apr. 5 29 16 24 Jan. 2% May 8% Apr. 10 Apr. 237 10% Sale 1% Sale 85 Sale 43 Sale 4 4% Sale Prices 24 100 X July 15 2% Jan. Sale &7 July July July July % Xs Weisbaum Bros-Brower Co 6 2% 2% 1% 13% % X 1% Wayne Knitting Mills 28 31 17 22 July July X X 1 Class B Walker Mining 11% July July 2% July 7% July 8 2 6% % 5 Virginia Pub Serv 7% pref. 100 Vogt Mfg Corp * 11 13 18 24 5 23 2% 7% 5% 3% —5 % July 1% July 3% July % July 8 July 11 1 3 1 5 Sale 6 13% Van Norman Mach Tool com.5 Venezuelan Petroleum 1 % July 1% July 3% July % July 8 July 25 18 11 Sale % X 1% VA 81% 84 X Sale 84 85% IX 1% 11 56% July 13 108 July 15 114% July 11% 2% 7% Highest Sale Prices 14% Mar. 17 1% Feb. 20 51% July 107% July 111% July 36 55 50 X 7 com Lowest Highest 14% 1% 56 1% 1% 3% 3% % Sale 7% 9 5X Sale 46 1 8 com 1 Universal Products Co. * Utah Idaho Sugar Co.......5 Utah Pr & Lt $7 pref * 400 Wahl (The) Co common 1,100 Waitt & Bond Inc class A 200 13% 1% 55% „ a Sale Universal Pictures 18,400 Waco Alriraft Co... 17,400 Wagner Baking com v t c 10 7% preferred 1,500 900 52 10 Universal Corp v t c. Universal Insurance Corp IX IX 49 * 15,300 Conv preferred 85,000 1 Util Pow & Light com Class B common 12,500 16,650 7% preferred 4,550 2,100 1,100 3,000 $7 5,200 Utility & Ind 2,200 7,900 200 10 1 20 16 13 X 16 82 Sale 44 % 1% Sale % Sale X 75% Lowest Ask Bid Ask Sale Prices Sale Prices 93 100% 100% 89 96 July 11 100% July 15 105% Sale 102 % 104 102% July 105% July Sale 3 3 2% 3 2% July July 11 10 16% Sale 18 10% July July 13 12% 13 % July 10% Sale 10% July 3 1% IX 62 67 62 62 62 July July 4% 4% Sale 4% July 4% July 25 Bid d'4 4% 3,000 Utah Radio Products com 9,700 Utility Equities com. 6,925 $5.50 priority stock .._.* 1,200 400 conv 3 67 8,900 United Stores Corp new com 50c 33,800 United Verde Extension. 50c 66,700 United Wall Paper 2 150 1,300 U S Playing Card com U S Plywood Co common U S Radiator common 1 6,300 U S Rubber Reclaiming.....* 1,700 U S Stores Corp com * 400 mm.m U S Foil class B * U S & Internat Sec com.....* 1st preferred with warr....* U S Lines Inc pref ......* $1.50 Sale 42 % * 3,600 United Profit Sharing com.25c 10% preferred 10 32",500 United Shipyards class A. 1 " 15 Sale 2% Sale United Molasses Co Ltd— 2,400 Am dep rets for ord reg 110 United NJRR& Canal...100 „ 94 Sale 13 200 United Elastic Corp * 259,500 United Gas common ....1 26,470 $7 1st non-voting pref * 18,400 3,200 8,300 Sale 5% Sale 3 5% 7,200 Unexcelled Mfg Co Inc. July 31 July 1 1939 STOCKS (Continued) Par Bid 17,125 Tenn El Pow 7% 1st pref--100 70 800 Texas P & L 7% 87 pref__ 100 21,800 Texon Oil & Land Co 2 3% 15,600 Thew Shovel Co common...-5 14 % 19,000 Tilo Roofing Inc 15 1 200 Tishman Realty & Oonstr 1% * 325 Tobacco & Allied Stocks ._* 57 33,100 Tobacco Prod Exports 4% * Tobacco Secur Trust Co Ltd— 1,800 Am dep rets ord reg shs £1 1,700 Am dep rets def reg. IX 5s 8,950 Todd Shipyards Corp 77 * 450 Toledo Edison 6% pref. 100 101% 370 7% preferred A 100 Tonopah Belmont Devel_..10c 11", 500 Tonopah Mining of Nev 1 21,100 Trans-Lux Pict Screen com..* 2 28,800 Transwestern Oil Co 10 5% 20,400 Tri-Continental Corp warr. % 1,700 Trunz Pork Stores Inc * 7% Tubize Chatillon Corp — 12 % 76,000 Common. 1 9,000 Class A 36 1 9,100 Tung Sol Lamp Works com..l 2h 6,100 80-cent div pref e% -* Shares 2,700 7,400 3,700 RANGE SINCE JAN. 1 Price NEW YORK CURB EXCHANGE Since July 5 48 July 27 32 Apr. 10 50% Jan. 4 12 July 8 13% July 21 10 Apr. 15 10 Feb. Jan. 6 9 98 July 1% July 6% July 24 24 27 86 Jan. 4 100 June 1% Jan. 7% Mar 8 5 24 6% July 8% July 2 July 7% July 17 28 17 17 7% Jan. 8% July 3 28 Jan. Jan. Jan. 6 4 4% % 1 12 4% 2% 2% 3% 1 4% % 1% 4% 4 2% 4 July 6 July 19 July 25 July 10 July 12 July 13 July 14 July 13 July 24 Feb. 1 Apr. 3% 2% 2% 2% 13 Apr. Apr. Feb. 28 1J4 Jan. 8% Jan. . May 12 Mar. 31 7 July 12 5% Feb. 23 5 Jan. 5 3% Mar. 14 4% Jan. 5 . 130 550 580 Common.. 1,450 650 Westmoreland Coal Co Westmoreland Inc West Texas Utilities Co—■ 1,490 $6 preferred-13,800 W Va Coal & Coke com 2,800 Weyenberg Shoe Mfg Co Wichita River Oil Corp 17,300 Sale 16 IX Sale 5X 6 10 (formerly Venezuela Mex Oil) ._.* Htg_. * 2h 3 8% 8X 8X Sale 11,400 Wilson Jones Co com 1 1,400 Willson Products Inc 330 Wisconsin P & L 7% pref..100 3,100 Wolverine Port Cement10 24,100 Wolverine Tube Co com 2 9,100 Woodley Petroleum Corp.. Woolworth (F W) Ltd— Am dep rets ord shs.. 32,900 146,600 Wright-Hargreaves Ltd 18,900 Yukon Pacific Mining Co see page 53 • 1 Sale 7X Sale 13% 13 1 1 6,800 Williams (R C) & Co 3,900 Williams Oil-O-Matic For footnotes 50 15 7% lstpreferred 100 Western Tablet & Stationery- 1 % 6% 5% 1% 95% July 1% July 6% July 5% July 5 % July 1% July 7 July 6 5% 4% 5% 8 1%. 2 7 7% 1% 7% 8% 1% 7% 9 2% 6% 2% 7% 2% July 5% July 5 5% 5 7 6 Sale 96 3 3X 8X Sale 6 6X 2% 5% 4% ll* Sale a1* 8 14% * 5 IK Sale % 8 2% 5% 5% Sale 1% ^5% 15 Sale 8% . % Sale 1 11 18 3 July July 100 Julv % July 10 17 17 25 20 15% July 8% July 3 20 14% July 8 July 2% July 7% July 5 July 26 25 1 July 18 6 8% May 22 X Apr. 11 5% Jan. 3 5% June 4% Apr. 1% 7 7% 82,% Apr. 3 Apr. 10 9 Mar. Apr. 2% Apr. 4% Apr. 5 May 12 Apr. 10 7% Apr. 11 % May 23 July 2% July 8% Jan. 6% Jan. 100 7 17 17 3 10 15% Mar. 14 8% Feb. 27 1% Jan. 6 YORK CURB 81 % Sale 9654 Sale 86% NEW 50 88 Sale 103 Sale Sale EXCHANGE AOOREOATE Sale Prices' Sale Prices 857,000 6,574,000 59,000 478,000 221,000 51,000 1,875,000 40", 000 818",000 1st 5s 642,000 5s registered 1st & ref 6s 5s registered 104,000'Aluminium Ltd 5s Gas & Elec deb 1,404,000 Amer 759,000 3,351,000 89,000 2,283,000 1,000 309,000 13,000 223,000 7,000 2,304,000 125,000 1,770,000 4,000 2,000 39,000 11,000 2,000 3 368,000 lfil 13,000 000 100 2 3 118% 102 7^ 102% 101% . 1*060 000 58,000 313,000 47 33 Sale July July 96 "27 l65 108% 108% Sale l67% July 108% July 20 92% July 100% July 24 33 Sale 5%s 1968 1949 1977 43 46 Conv deb 5s 1950 35 Sale 4%s series C series ...1960 1998 1968 1959 G Sale Sale 120% 121 124 125% 144 144% 87% !8t M 5s ser B June 1 1957 §4% 69 72% 83 85 35% Sale 35% Sale 1948 Cent States Mec 59 8,287,000 2,443,000 117 nnn — Jan. 17 Jan. 10 100% July 24 106% May 23 109J 1971 Sale 42% July 7§~" "80% "78% July~~6 39 27% Jan. 14 13 40 Jan. 25 59 30 Jan. Feb. 80% July "19 20 A25~yr 8 f deb 7s 90% July 1 101 90% Sale 97% 100 107% 108 107% 107% 107% July 22 108% 125 July 26 126 125% 125% 125 Sale 6 130% July 127 128 128 129% 128 July 13 148 % 144^ 147 148% Sale 146 98 100 % July 98 98% 99% Sale 89 July Sale 89 96% 96% Sale 95 102 July 94 95% 101% 102 ~ 103% 103% 101% Sale % 102% Sale Sale 104% 105%,106 72% Jan. 90 001/ 91%' 95% 96% *04% Sale 42% Sale 39% 38% Sale 43 65% Sale 72% Sale 104 Sale 103 105 July 10 9 20 10 24 Mar. 9 47% Mar. 9 Apr. 20 83 May 31 40 78 Mar. 9 7 > July 18 July 31 July 25 July Sale 5 106% July 102% Jan. 97% Apr. 96% Jan. 103 July 10 July 24 105 3 96% July 27 90% July 1 104% July 18 104 July 3 42% July 31 38% July 43 % July 31 38% July 65 5i 72% July 29 July |104% 105% 104 July l'i04 1966 1954 ' *Cen Rayon Ltd 6s A 634,000 Gen Wat Wks & El 5s A 1948 1943 4 3 120 July July 31 July 25 July 82% Apr. 11 116% Jan. £7% July 22 110% Jan. Apr. 8 126 July 123 Afar. 20 130% July 140 June 148% Jan. Jan. 100% July 69% Jan. 96% July 81 Jan. 27 102 July 1 July July 22 21 17 25 31 25 105% May 105 9 Mar. 16 107 May 31 June 21 115% Mar. 16 Apr. 11 105 June 17 101 81 Apr. 98% Apr. 10 96% July 10 104% July 27 18 35 Jan. 46 32 Jan. 46% Mar. 11 55% Jan. Mar. 13 72%July 105 29 June 22 July 1 98 Apr. H 3 July July 31 9 July 24 104% Jan. 5 Apr. 55% Jan. 10 Jan. 14 78% Feb. 28 8 Jan. 17 81% Apr. July 11 July 14 102% 44% 70% 72% Sale" 80 V July 72% 76% Sale 87% Sale 87% Sale Sale" Sale 83% Sale 126% 131 , 37% Sale 83% July 127 129"" 132" 129% 109% 116% 111% 112 111% 111% 111 Sale 99 64% Sale 105 % 1 1 61% Sale 110% 112 74% Sale 108% 112 68% 86 69 Sale 106*32 107 60 94% 65% 130% 130'" 95 99% 100 50% Sale 107% 108 84% Sale 102% 103% 50% Sale 89 J 951 Sale 95% Sale 77 Sale 32% 44 107% 108 92% Sale lop 1MH 94% Sale 104% Sale 103% Sale 86% 90 100 19 96% 50 Sale 100% Sale 78% July 13 78% Mar. 9 Mar. 1 76 Alar. July 24 66 77 Mar. 13 74% 67% 72% 72% Apr. Mar Apr. Jan. Jan. 8 July 2 75 July .. 1 88% July 281 3 16 July July July July 80 l04% July" 105 102% July July 50 5 25 91 July 100 104 4 25 18 July Georgia Power ref 5s_. 1967 Georgia Pow & Lt 5s—II197s 'Gesfuerel 6s _ 1953 842,000|Glen Alden Coal 48.--.III lfMtti 118,000jGobel (Adolf) deb 4%s__„194i 90 Sale 97 98 82 Sale 73 77 98% 85 97% 97* Sale 88 89 Sale 89 Sale 73 77 92 86 Sale 99% 82 95% Sale 104% Sale 73 95% 77 Sale 105% Sale Sale 68 Sale 73 26% 72% Sale 24 50 23 68% 68 Sale 56 66 69 63% 74 60 59 Sale 66 113 Jan. 4% Apr. 21 % Apr. 17 % Apr. 22 Apr. June Apr. Jan. Mar. 102 Apr. 99% Jan. Apr. 11 Apr. 15 Mar, 89% Jan Apr. 92 Jan. 5 July 31 78 Apr. 21 Apr. 21 Apr. 8 8 75 July 4 73 Feb. 20 87 Jan. 69% July 26 66 July 12 95% Jan. 58 Jan. 25% Apr. 65% May 60 Jan. 13 24 Feb. 3 9% Feb. 1% Jan. 1% Feb. 10 10 2 3 91 July 18 9 104% Feb. 25 July 12 98% July 31 103% July 24 95 67% July 15 July 21 June 21 3 27 64 17 21 6 95% July 28 91% July 104% July 13 105% July 27 1 74 68 July 18 July July 2 July 50% Jan. 81 90 _ 6 108% July 12 81 6 17 Jan. 81% Mar. 10 11 19 112% June 21 109% Mar. 3 105 July 26 30 103% July 27 July 14 July 21 July 31 7 28 Feb. June 27 11 66% Jan. 18 29 112% May 26 99% 89% 98% 94% 6 July 106% July 108% Jan. 99 50 68 98% July 84% July 96% July 90 July 1 9 13 107% July 31 Apr. 20 39 July 107% Jan. July 9 77% July 26 87% July 22 87% July 31 5 131 Jan. .i? Mar 7i Apr. July 31 93 Apr. July 27 9 Jan. 108% Mar. May 10 68% Jan. 11 97 Jan. 4 Apr. 27 53% 109% 66% 107% 109% 98% July 31 103% July 24 July 58% 79% 96% 56% 92% 106 July 26 12 106% July 109% Apr. 14 31 26 24 39 July 108% July 5 Jan. 125 13 July July 11 12 74% Apr. 8 88% 128% June 15 131 128% June 27 128% 100% June 8 102 20 jl03% July 27 96% July 100 July July July July July July 65% July 111 July July Sale July 77 106% 107% 5% 5% % % July July 87 98% Sale 102% 17 July 31 86 93 July 1 July 27 l«5% July 29 1057ai.July 26 65% July 18 65% July 18 94% July 28 95% July 13 102% 100 Sale July 107% July 31 112 July 39 July 41% 48 108% 109% 107% July 99% 100% 85% 11 July 26 87% July 31 87% July 24 61 Sale 60% July 65% Sale 109% 110% 110% Sale 109% July 75 74% July 75% 79% Sale 112% 117% 115% 117% 102% 103 84 30 Apr. July "27 131 68% July Sale 104%::::: 103"" 104% 13 Jan. 66 77 11IH ?,ale U06% July 105% 106% 105% 106 106% 107% 107% 109 5 Sale 4% 4% 5% 5 4% 5% Sale 4% 1 % 1 % % % % % "H 105 Jan. 72; 127% 131 125 61 71] 13 24 75 July" July 72% July 81 July 81% July 18 78% July 77% July 78% July 78% July 73% July Gary Electric & Gas— 10,000 Feb. 80 5 103% July 10 102% July July 103%1 102% 81 1952 Federal Water Serv 5%s__1954 Finland Residential Mtge Florida Power Co 4s O l04% 103" 103%| 72% 62 5s ext stamped -1944 893,000 Gen Bronze conv deb 6s—1940 99,000 Gen Pub Serv Co 5s 1953 116,000 Gen Pub Utilities 6%s A—1956 1,231,000 r> » " „ Mar. 14 28 June 22 104 110 104% 81% Sale 19581 1953 1967 6%s Erie Lighting 5s 103%! ~"/81 100% 103 " 76% ACtfs of deposit 1,614,000 Florida Power & Lt 5s 7,632,000 6,487,000 574,000 5,000 14 Mar. 22 78 f* igfff 44 102% Jan. 12 106% May 17 Apr. 20 109% June 12 89 Apr. 27 5 June 27 105% 106% 105% July 12 105% July 108% 108 % j 108% July 28 199% July 93 97 July 94% July 11 95 94 95 94 98 July 11 July Sale" 1941 1944 6s stamped 1961 122,000 AFirst Bohemian Glass 7s_1957 7,000 46 "78% 10 72% 1943, Empire Dist Elec 5s 1952 i,uor,uuu1Ercole Marelu Elec Mfg_ . June 2 July 28 24 Sale 60 1 057 000 519,000 &ly 26 2 Mar. 43% July 51% July 46% July 77"" Sale" 19691 Eastern Gas & Fuel 4s A. >1956 Edison Elec Ilium 3%s_._1965 893'OOO Elec Pow & Lt 5s 2030 69*000 Elmira Wat Lt & RR 5s__1956 1*000 58 registered 1956 176 000 E1 paso Elec 5s A —1950 120,000 51 42% Sale ; o9q 000 29,000 9 7 45% July 41% July 43% July Sale" 106% 106% 7% Sale 7% Sale 182,000 Feb. Mar. Mar. 29% Jan. 73% Denver Gas & Elec 5s 1949 ^Detroit Int. Bdge 6%s._1952 ACtfs of deposit 4,000 32,000 Apr. 6 107% 07% Apr. 11 111 118% Jan. 3 }nt 102 May 23 105 101 % Jan. 106 % 41 % Jan. 14 67% June 15 20 79% Sale 96 21,000 66,000 „ 26 July 28 104 45% July 41% July 40 49 Sale 77% Sale 77% Sale 453 000 2 9 21 92 31 81 104 71,000 Feb. 106% Jan. 24 80 161 0 Feb. July 77% Delaware Elec Pow 5%s_-1959 .181 000 41 July 41 I July 39 July 49% July 44% Sale 39% Sale 49 50% 42% Sale 77% 44 77 80 68 817i000 Cudahy Packing Co 3%s._1955 37,000 10,000 _ 78 9S5 ooo 407 000 43 41 71% Sale 3s series P 6s A stamped *000 Continental G & El 5s 50'OOO Cuban Telephone 7%s si '000 Cuban Tobacco 5s 622 000 83% Apr. 76 3%s series N Consol Gas utilities— firm 000 000 3 107% July 24 110 July 12 128 July 11 104% 106% July 67% July July 5 43% 75 —1954, Consol G E L & P Bait— 5 711 11.0001 105% May 10 June 17 106 99% Apr. July July July July July 126% 104% 103% Sale 104% Sale 59% 76 71 —1949 5%s gold deb___ 4%s 106% July 108, 103 % | 102% July 24 103 51 July 55% 55% Sale 77 July 77% 78 % j 76 81 80% 84% 78% July nnn kq 14,000| 7.000 Jan. 106 Sale Sale 9^*000 34,000 11.000 109"6O6, 107% May 1"3 % July 109 127 51 75% Sale Community Pow & Lt 5s__1957 Conn Ltg & Pow 7s A 1951: 129% 133 9'non 7s A registered1951! 103% 31 000 Consol Gas of Bait 5s 1939 102 ^91 4 "40% 1950 1950 5s registered -.1958 5S 1969 735,000 Cities Service P & L 5%s_1952 1 39 1966 1958 140 000 mu.uuu 127,000 472,000 98,000 25 9 Jan. July July 71% Sale -—1966 Cities Service 5s 106% 106% 107% 108% 109% 108 125 125% 128 104 104% 104 106 165 Sale 67% 59% Sale 103% Juiy~2l 104 102% July 5 104 73% Sale 1955, 6s series B 5s registered 117,000 10,000 54,000 3 104% July Works— Locomotive ^Convertible 6s 1950 115 Bell Tel of Canada 5s A—1955 110% 5s 99% Sale 92% Sale 103% 104% 103% Sale' 104 102% 103% 103 1950 5s registered Assoc Tel & Tel 5%s 5 %s A registered 5s. onn od.UUO 34,000 30,000 201,000 2,000 105 Jan. 103 167% 24 June Jan. 98 July 101% July 81% Jan. ? 04% July 11 1|}04% July 25 102 July 18 ,87 107% July July 103% 104% 104% July 101 % July 24 _ 35 1968 5s registered 1,000 8,910,000 6,000 814,000 35 5s 2,000 2,000 1,000 337,000 Sale 34 5s registered Conv deb 5s 1,000 147,000 800,000 594,000 57,000 524,000 Sale Sale Sale 1948 5,000 o 1,668,000 79,000 971,000 3,000 1,000 84,000 _ 5%s 1954 3,110,000 Cent States Pr & Lt 5%s__1953 57% Sale 2.898,000 Chicago 111 Midland Ry— 98 98% 4%s series A 1956 352,000 Chicago Junction Rys & 104 % Union Stock Yards 5s__1940 104 211,000 tAChic Rys 5s ctfs of dep__1927| 44% Sale 736,000 75 Cincinnati Street Ry 5%s_1952 69% 56,000 , 265,000 100% 000 248" 000 273,000 Sale 88 Sale Canada Nor Power 5s 1953 103% Sale Sale 102 661 000 Canadian Pacific Ry 6s—1942 920 000 Carolina Pr & Lt 5s 1956 96% Sale 115 115% 149 000 Cedar Rap Mfg & Pow 5s.l953 101 101% 310 000 Cent Ohio Lt & Pr 5s A—1950 83% Sale 909 000 Central Power 5s ser D—1957 096*000 Central Pow & Lt 5s 1956 100% Sale 333 44,000 1,000 993,000 85% Sale 105 472Joo Broad River Power 58 a--1954 261,000 30,000 113,000 19,000 6,000 Sale 4%s registered 109'000 Bethlehem Steel 6s 2 490 000 Birmingham Elec 4%s 1*303*000 Birmingham Gas 5s 46",606 395,000 90fi 000 835 000 124,000 306,000 150,000 386,000 108% 2016 6s Baldwin 41,000 56,000 123,000 104% 105 A—1955 "73% "75% 1 000 1955 238*000 Atlanta Gas Light 4%s—1955 103% Sale 104 370 000 Atlantic City Elec 3%s—1964 91 93 21 000 Avery (B F) Sons 5s w W..1947 85 89 42i000 58 ex-warr 1947 402 000 64,666 351,000 231,000 -1948 5s__2028 255,000 Appalachian El Pow 4%s_1948 4s . — 1963 493,000 2024 85,000 Appalachian Power 6s Ark Louisiana Gas 4s 1951 870,000 Arkansas Pr & Lt 5s 1966 2,247,000 Associated Elec 4%s 1953 2,618,000 Assoc Gas & Elec 4%s 1948 225",660 80,000 59,000 23,000 14,000 Sale I 97% 102% 103% 103 103% Sale 101% 107% 108%,106% 101 i06T 106% 6s registered 2016 90,000 283,000 Amer Radiator deb 4%s__1947 207,000 American Seating 6s stpd-1946 22,000 251,000 Sale 98% , 97% 102% 101% 106% 'American Power & Light— 74",660 1,024,000 20,000. 103 % 1956 1968 1946 1946 1951 1951 1st & ref 5s os 152",600 60,000 86,000 6,000 118,000 147,000 1967 Alabama Power 4%s 9 99% Afar. 30 Jan. 3 98% July 31 94% July 31 75 19 90 Jan. 95% July 28 105% May 26 74% June 13 29 Mar. 72% Jan. 72 Jan. 3 3 10 new Aug., 1939] york AGGREGATE PRICES IN JULY SALES NEW In 1939 17.000 441,000 6,000 58,000 554,000 a stpd—1947 AHamburg Elec Co 7s 1935 AHamburg e & Und Ry 5Hs'38 Heller (w e) & Co 4s w w-1946 44,000 Houst Gulf Gas 6%b x w--1943 129,000 6s ....1943 116,000 Houston Lit & Pr 3%s 1966 1,000 AHungarian-Ital Bk 7 ^s__1963 37,000 5,000 15,000 27,000 1,000 8,000 19,000 1,000 20,000 7,000 24,000 139.000 124,000 133,000 341,000 53,000 r 8,000 219,000 1,3.88,000 285,000 Indiana Hydro-Elec 5s 84,000 Indiana & Mich el 5s 574,000 85,000 1,000 20,000 103,000 21,000 89 m 48 53 50 41 44 39 Sale 99% 26 % 22m 40 30 96 m 102 95 25 102 103m 103 109 m 102 m 102 % Sale 100 109 % 30 8 41 % 1967 1957 86 Sale 90 m 99m. Sale Sale 1954 1953 1956 1947 1953 a--1958 66% 108 84 Sale 86 %. 110m 107 35 55 m 58 m 40 Sale 5s series d 1956 2,432,000 3,774,000 4%8 series f 1958 1,319,000 Iowa-Nebraska l & p 5s__1957 82m Sale 77 100 m 100 m Sale 305,000 Jacksonville Gas 5s stpd--1942 487.000 Jersey Cent p & l 5s b—1947 4ms series c 1961 1,038,000 20,000 67,000 112,000 1966 2022 1947 48,000 Kansas El Pow 3 ms 31,000 Kansas Gas & Elec 6s 185.000 Kansas Power 5s a 1,000 18,000 302,000 1969 1,925.000 Kentucky Utilities 5s 5s 1,608,000 6 ms series d 312,000 5 ms series f 310,000 238,000 29,000 21.000 1961 1948 1955 Superior Dist Power— 3 m % series a 1966 575,000 2026 1.756,000 Lehigh Pow Secur 6s 4,000 ALeonard Tietz Inc 7ms--1946 30 Sale Sale 105m Sale 102 % Sale 104 % 105 106 m 56 m 55 Sale 64 66 69 55 % 63 66 68 m 80 81m 83 h 80 m 65 71 65 83 m 109m Sale Sale 100m 105 m Sale 104 m 105 42 43m 47 m Sale 46 81 109 Sale Sale 97 % 101m Sale 97 50 Sale 95 % 101m Sale 103 m 104 m Sale 103 M 103 m 105m 103M 103 m 105 107 106 % 106 106 106 104M 105m 105m 104^31 Sale Saie 45 38 38 43m 103 Sale Sale 60 75 63 Sale 37 40 41 42 38 July Sale 41 July 25 10 28 20 21 12 21 Sale 40 105 105m 105 m Sale 103m 105 119m Sale 102h 103m 90 91 Sale 91 102 m 93 m Sale Sale 41 Sale Sale 105m 106 104 44 M 60 29 28 12 8 Feb. 18 103 M July 30 July 10 12 27 10 50 30 102 M June 103 Apr. 103% Jan. 111M June 8 July 68 M July 68 Apr. 13 nom Jan. 27 94 M Apr. 10 104 M Jan. 26 105M Apr. 8 103 96 M Apr. 10 105 99 M Apr. 10 105 % 85 Apr. 8 102 107 M 85M 95 M 101% 94 M 86 Jan. July 6 99 9 110M 108M June 104 Apr. 8 107 70 M 50 M Apr. 11 49 Apr. 8 70 68 Apr. 4 88% 108 H June 16 110 27 1 12 6 21 13 June 12 Feb. June 27 2 July May July July July July July 27 24 Jan. 28 31 24 28 27 21 Jan. 5 July 29 July 28 June 7 May 10 26 28 28 73 July 29 53 % July 31 36 M Apr. 36 M Apr. 52 M J an. 54 Mar. 41M Apr. 55 Apr. 38M Jan. 55M Mar. 9 73 July 29 53 % July 31 101M July 28 102 July 28 104 M July 19 3 103 M July 107 July 10 106 M July 12 45 July 27 Jan. 82 Jan. 77 98 % Jan. 101M July 28 102 July 28 104 M July 29 3 103 M July 46 July 47 M July 50 July 98 Jan 105 M Jan. 103 % Apr. 38 108 Mar. 5 9 6 106 M July 52 M Jan. June 12 12 3 59 % 103 M 104 M 103 July 105M 105M 105 M July 105 m 106 m 105M 106M 128 124 126 126m 125 101m 98 m 99 m 105m 100x 8 59 7 July July July July 103 July 105 July 24 105M July 28 102 July 27 99 July 21 70 M July 70 July 84 July 109 % July 18% 94M 101M 101M 10SM 13 78 42 27 July July July July July July July July 109M 94 % 104 M 105M July July July July July July July 49 m 80 16 Apr. July Jan. Jan. Jan. Apr. Apr. July Jan. Apr. 8 July July July July 72 m 53 44 Apr. 98 68 % 66 M 37% July 40 M July 43 July 64 M July 46 July Sale Sale 63 m 64 m 45 h 46 96 m 96 m Sale 36 12 110M 100M Jul5 Sale Jan. 27 102 M 103 103 % 102 % July 104 M July Sale 87 Highest Sale Prices 91 Mar. 11 107 % Apr. 17 109M Mar. 3 56 M July 31 47 Mar. 31 53 Jan. 9 45 Apr. 12 48M July 30 108 M July 91 July 104 92 17 17 31 47 M July 15 89 M July 103 M July 30 July 6 30 109 m 110 94 Sale 109 40 m 43 830,000 Italian Suuerpower 6s 26 104 102 m 104 h July 106 104 m 105 % 104 % July 104 101m Sale 98 M July 98m Sale 96 m 97 m 98 96 M July 96 107 % 109m 104 % 105 100m 54 138", 000 28% 100 99 % 86 53 149,000 Isarco Hydro-El 7s.34,000 Isotta Fraschini 7s 7 17 108 M July 13 56 M July Sale 100 m 47 1961 1958 1957 1952 1942 1963 July Sale 49 5s series b 40 Sale 48 581.000 Iowa Pub Serv 5s 48 96 m 98 m 171,000 Int Pow Sec 6 ms series o--1955 7s series e 1957 217,000 7s series f 1952 145,000 1957 3,514,000 Interstate Power 5s Debenture 6s 1952 1,164,000 Interstate Public Service 154,000 46 102 m 72 224,000 Iowa Pow & Lit 4 ms a Lowest Sale Prices 102 m 104 m a_ —1952 %s—1968 1st & ref 5s 137,000 703,000 Indiana Service 5s 1st lien & ref 5s 639,000 309.000 Alndianapolis Gas 5s 152,000 Indianapolis p & l 3 Highest Sale Prices 102% July 25 July 25 July 102 % 102m 102 102 % July 103 102% 103 m 103 July Sale 103 m Sale 102% July 109 m 109m 109 m 109 M July 40 8 16 8 July 66 67 67 66 M July 66 67 m 68 66 M July Sale Sale Sale Ask 89 m 90 m 89 M July 90 m 107 110 108 M July 110 56 m Sale 55 52 M July 46 51 48 47 July 102 % 103m 103 25 27 m 20 110 37,000 19,000 765.000 108 52 88 1957 1955 1950 1963 92,000 191.000 108m 109m 49 m 54 Lowest Sale Prices July 31 Ask]Bid 63 m 63 m 1951 5s series c Bid 1949 1949 a 204,000 Idaho Power Co 3%s 731,000 Illinois Pow & l 5%s 5 hs series b 1,337.000 6s series a 1,846,000 5s series o 3.545.000 461.000 Indiana Elec Corp 6s a 134,000 6 ms series b 143,000 11,000 22,000 17,000 628,000 Hall Printing 6s 149,000 Hygrade Food 6s ser 37,000 6s series b 46,000 i (Continued) July 1 Ask 89 Bid 267,000 Grand Trunk West Ry 4s 1950 30,000 Great North Pow 5s stpd__1950 67,000 Grocery Store Prod 6s 1945 38,000 Guantanamo & w Ry 6s. .1958 Guardian Investors Corp— 196,000 5s series a_ 1948 47.000 2,000 4,000 6,000 ? BONDS 1 Jan. 3 Jan. 1 $ RANGE SINCE JAN. Price YORK CURB EXCHANGE Since July 51 curb exchange July 101M July 101m 98 M July 98% 102"" Sale" 99 103 M Sale July Sale 106 105 M July 105m 105 101 102M 103 July 102 41 % July 26 1 44 M July July 14 104 July 11 106 12 3 126 1 5 July 101M July 102 July 103 % July 106 M July 103 July 27 14 28 29 19 28 108 % 27 6 2 3 3 5 8 13 Feb. 80 Jan. 31 Apr. 44 Mar. 10 Mar. 3 38 Jan. 30 47 Feb. 24 May 29 107 105M Jan. 30 106 % Mar. 21 102 103M Jan. 119 Apr. 101M June 108 Mar. 17 126 June 23 88% Apr. 102 103 M Mar. July 89M Apr. 101 Apr. 93 M Jan. 103 % July 106 M July Jan. Jan. 108 H July 103 July 2 28 29 19 28 Lake 23,000 150,000 12.066 1952 373.000 Lexington Util 5s 358.000 Libby McNeill & Libby 5s-1942 1945 496,000 Long Island Ltg 6s 1957 951,000 Louisiana Pow & Lt 5s 39,000 80.000 111,000 AMansfield Mining & 7.000 ' Smelt— 7s ex-warrants 1941 35,000 127.000 Marion Reserve Pow 4Ms_1952 1943 30,000 McCord Rad & Mfg 6s 5,000 22,000 6,000 13,000 18,000 17,000 • 49,000 99 100 107 Sale 100 161"" 103 m 90 Sale 106 m Sale 92 26 m 102m 103 m 80 60 Memphis Comm'l Appeal— Debenture 4ms 1956 95% Bale 93 1,484.000 Memphis p & l 5s ser a—1948 89 % ,-1947 88 60,000 Mengol Co 4ms 107 1971 106 198,000 Met Edison 4s series e 109 4s series g 1965 108 258,000 93 m Sale 159,000 Middle Sts Petrol 6 Ms a--1945' 60 Sale 1943 170,000 Midland Valley rr 5s 8,000 33,000 30,000 170,000 132,000 58,000 529.000 1,133,000 1,816,000 822,000 Milwaukee g l 4ms Minn Pow & Lt 4 Ms 1st k ref 5s .--1967 1978 1955 1955 1955 99 m Sale Sale 99 m 104 m Sale 82 % Sale 1957 89 Sale 20,000 121.000 1951 322,000 Miss River Power 5s 920,000 Missouri Pub Serv 5s a—1960 162.000 Montana Dakota Util 5 Ms '44 108 83,000 77,000 199,000 5,000 1,000 29,000 86,000 412,000 281, 000 Nassau & Suffolk Ltg 5s—1945 2026 1,666, ,000 Nat Pow & Lt 6s a Deb 5s series b -2030 2,528, 000 13.000 99,000 New Amsterdam Gas 5s—1948 2.461,000 New Eng g & Elec Assn 5s 1947 5s.---. -1948 735,000 Conv deb 5s 1950 2,676,000 2,141,000 Mississippi Pow 5s 5s registered 2,909",606 Miss Power & Light 5s 506",666 t 153, 000 t ANat Pub Serv 5s 124, 000 Nebraska Power 6s 4 Ms 364, ,000 2022 1981 251, 000 Neisner Bros Realty 6s—1948 2,200, ,000 Nevada Calif Elec 5s__ —1956 721.000 202,000 - 585,000 1948 2,640,000 New Engl Pow Assn 5s Deb 5Ms 1954 1,849,000 95,000 New Eng Pow Co 3 ms a--1961 New Orleans Pub Serv— 371,000 223,000 20,000 412,000 913,000 21,000 104,000 5s stamped A6s series a 29,000 306,000 129,000 1949 1,953.000 n y p & l Corp 1st 4Ms--1967 1980 2,078,000 n y State e & g 4 Ms 36,000 n y & Westchester Ltg 5s '54 17,000 30,000 6.000 49,000 53,000 53,000 10,000 14,000 - 134.000 50,000 569,000 230,000 385,000 118,000 271.000 384,000 504,000 l60 109% i 74m Sale 74 77 98 Sale 92 m Sale 36 38 115m 116 107 m Sale 96m 98% 78 Sale 118 54 m 54 m 54 m 91m 93 m 107 m 1942 100 x -1950 136,000 ny Cent Elec 5 Ms 111.000 aN y Pa & o rr 4 Msstpd 1950 5.000 26,000 14,000 c o d-1978 73% 121 55% Sale Sale Sale Sale Sale 102 92 m Sale 101X 102 m 74 107 m 99 m 80 Sale Sale 112m 4s 2004 105m Sale" 40 58 Nippon Elec Pow 6m8---.1953 Sale 97 Nor Amer l & p 5 Ms a—1956 North Boston Ltg Prop 3Ms '47 45 m Nor Cont Util 5 Ms a 1948 47 m Nor Indiana g & e 6s 1952 107 107m Nor Ind Pub Serv 5s-_ 1966 105m 106 5s series d 1969 105 m Sale 4ms e 1970 104 m Sale For footnotes see page 53. 107m 108m 107M Sale 11017«Sale 109m 110 26 40 28 102 % 103% 102M 103 103 103m 104 M 105 101 Sale 100 % Sale 107 28 105 47 107m 106 M 84 108m 96 m 60 m 99 m 97 M Sale 99 M 100M Sale 102 July 103 % July 100 July 106 M July 24 7 5 17 Sale 108m 109 85 m Sale 103 Sale 109M HI 88 Sale 109 % 36 Sale 111 98 Sale Sale 93 M 105 % Sale 94 38 97 July July July July July 35 M 38 35M 123 M 123 M 125M 123M 125 109 109 M 109 109M 109 109 108M 109 M 109M Sale Sale Sale 79 % 80 84 July 120M 124 122M 123 M 122 64 M July 64 M Sale 715? Sale Sale 68 64 M July 71 66 M Sale 66 M July 65 M 71 66 Sale 94 Sale 93% July 98 96 M July 96 % Sale 99 M Sale 109M 109M July 107M 109M 108 101 % 102 M 102 M 103 101M July 98 July 98 98 % 100m Sale 103 M July 103 104 77 % July 80 "81M Sale" 80 105 M July 106 M Sale 105 % Sale 103 Sale 112 113M 105* 106 M Sale 100 % Sale 104 M 105 50 X 53 108 Sale 105 % 105M 105M 106 104 H 104 M 99 % July 103 July 108 % July 85 M July 102 Sale 110M July 25 36 July 20 123 M July 11 109 M July 18 109 M July 3 85 July 103 91 Jan. 28M Jan. 103 M Jan. 45 May 82 6 28 28 29 28 31 11 20 July 27 July 18 73M July 18 73 M July 10 1 98 July 31 1 99 H July 25 109 M July 11 5 3 18 28 11 July 18 July 18 July 12 July 14 6 July July 27 July 10 July 14 July 31 1 July July 19 July 14 3 July 8 13 2 July 18 107M June 7 102 11 31 % July 12 7 105M May 23 1 66 Feb. 27 98 H July 21 102»sa June 28 Apr. July 91M 109M 110M 99 % 66^ Mar. May May July Mar. 10 9 23 19 15 Mar. 16 93M Apr. 13 101 97 M Apr. 14 102^ July 6 Apr. 14 106^ July 28 82M Jan. 4 99% July 28 102 88M Jan. 108 M Apr. 73M Jan. 100 Jan. 77 98 92M 33 115M 107M 96 25 Mar. 103 % June 12 105 Feb. 14 105 M Jan. 105 6 123M 1 73M 3 104 July 5 100 H July 11 103 M July 95 Mar. 102M Jan. 107M Jan. 93M Jan. 58 M May July 31 18 17 98 14 July 6 111 July 6 105 % July 30 95 % Apr. 92 Jan. 109 M July 88 M July 3 83 M 27 107 M 1 104 M July 7 113M 113 July 113M Sale 105 July 14 106 M 106 57 50 July 20 52 45 6 101 July 100m 101M 100 6 106 105 July 105 M Sale 5 58 Sale 53 July 58 107 % 107 M 107 M July 13 108 6 105M 105 M July 105 M 106 105m 105M 105 M July 18 106 104 July 14 104 H 103 M 104 103 H 8 29 18 7 July 21 102 % July 106 M July 100 M 108M M July 102 July 107 M July 101 99 % July July July July July July July July July 104 98% July 102 July 90 July 106 % July 108 M July 99 M July 63 % July 96 % July 102 July 93 103 M July 12 31H July 12 7 105 M July 25 July 29 14 56 101 % Sale 102 M Sale 101M July 105 105 m 106M 107 M 105 July 92 92 93 % 99 % Sale July 100 m 100 107 22 M Jan. 90 85 89 84M 105 106m 105 M 106 Sale 108M 109M 108M 98 M 97 97 M 98 m 60 M 62 M Sale 62 m Sale July 110 M July July 50 31M July 31% 104 M 105 105m 104 July 52 m 55 57 M 50 July 96 m 98 m 1027s» 102 m* 105 107 % July 110 40 75 % Jan. Jan. 5 July 31 May 3 June 12 Feb. 98 7 July 3 111 July 3 105^ July Jan. 38 Apr. Apr. 11 June 5 123 Jan. 3 111% May Jan. Jan. 23 109% July May 23 89% Mar. 29 28 31 29 July July July July 98 July 99% July 109% May 27 18 18 10 31 25 31 July 18 118M Jan. 55 Jan. 54 Jan. 54 M Jan. 87 % Apr. 90 Apr. 107M Jan. 99 % Feb. 89 % Apr. 102 M Apr. Jan. 79 105M May 99 12 103 11 110 10 91 3 101% Jan. 112M Jan. 104 M Jan. Jan. 50 95 M Apr. May 104 47 Jan. 107 Mar. 104 H Apr. 104M Apr. 102 Apr. 123% 73% 73% 73% 104 15 6 7 10 100 % May 31 105% Feb. 14 86% Mar. 23 Mar. 13 104 % June 21 109 113% May 26 106% June 13 58 Mar. 11 101 June 14 4 July 31 108% Apr. 20 107 % May 58 107 Jan. 26 106% Jan. 11 105% May 29 NEW 52 YOBK CURB EXCHANGE AGGREGATE PRICES IN JULY SALES Since NEW YORK CURB EXCHANGE Jan. 1 BONDS (Continued) 71,000 Northwest Elec 6s stpd---1945 919,000 Nor'west Pub Serv 5s A— -i957 $ 164,000 71,000 298,000 748,000 1,550,000 878,000 Bid 104H 10624 9724 9824 108 10824 1968 1962 1951 105 24 Sale 1946 10224 Sale -1948 9124 Sale Ohio Pub Serv 4sOkla Nat Gas 424s Oonv deb 5s— A Okla Pow & Water 5s A- . 145,000 Pacific Ooast Power 5s— -1940 101 1941 11314 427,000 Pacific Gas & El 6s B Pacific Investing 5s A 1948 92 J4 88,000 Without warrants 34,000 Pacific Ltg & Pow 5s— .—1942 11314 3,745,000 Pacific Power & Light 5s-_ 1955 76 30 98,000 Park Lexington Bldg 3s—1964 3.188,000 Penn Gent Lt & Pow 424S-1977 9214 98 195,000 5s 1979 97 1,487,000 Penn Electric 4s series P--1971 323,000 5s series H --1962 Penn-Ohio Edison 6s 1950 561,000 Without warrants 856,000 524s series B 1959 225,000 Penn Pub Serv 6s O 1947 96,000 1954 5s series D 215,000 Penn Water & Pow 4 24s --1968 252,000 5s.-_--1940 1,585,000 Peoples Gas Lt & Coke 4sB-'81 1,519,000 4s series D 1961 1,206,000 Phila Elec Power 5 24s-1972 97,000 Phila Rapid Transit 6s 1962 Piedmont Hydro-Electric Co 311,000 50 1960 624s series A 71,000 Pittsburgh Coal 4s 1949 105 §8 186,000 Pittsburgh Street 6s __1948 24,000 APomerania Elec Co 6s___1953 1814 64 832,000 Portland Gas & Coke 5s_.1940 - - . 329,000 118,000 74,000 84,000 17,000 Ask 1945 Ogden Gas Oo 5s Ohio Power 3 24s RANGE SINCE JAN. 1 Price Jan. 3 1939 _ 102 Sale 94 11414 Sale 32 Sale Sale Sale Sale Sale 107M Sale idix Sale Sale Sale 77 51 106 Sale 2314 Sale Potomac Edison 5s ser E—1956 10714 108 424s series F --1961 Potrero Sugar 7s stamped. 1947 Power Corp of Can 4 Me B -1959 APrussian Elec 6s 1954 109 111 July 1 Bid 10614 107 10314 104 Lowest July 31 Ask Bid Ask 10624 106 24.106 lis July 10414 Sale 10314 July 10924 (0914 Sale 10914 10814 Sale 10524 Sale 105 106 108 10814 110% Sale 10114 Sale 10214 Sale 109 10314 10224 103 11214 112J4 111% Sale 108 103 10824 10814 104 H 10824 10124 104 Feb. 3,10424 July 28 95 Apr. 108 Jan. 8 10914 July July July 11 10914 July 1'109 24 July July July 20 106 July 5 11024 July July 1 10224 July July 38 100 Sale 102 9514 9724 2014 21 7314 Sale 10724 108 10914 110 40 42 103 9624 2024 76 104 July 10524 July 10724 July July 10514 July 107 108 July 10614 10524 July 102 10124 July 9724 July 9924 Sale 9924 July Sale 11214 July 7924 July 8124 Sale 4624 38 10524 101 9614 98 21 26 Sale 7224 107 Sale 45 49 10414 104 105 19 4524 July July 98 July 21 July 7724 July July July July July July 103 10524 July 17 10724 109 July 31 110 40 48 July 1 10314 July 18 104 Sale 109 12 3 21 31 July July July July 3914 4114 10214 Sale 18 22 103 18 571,000 6% perpetual certificates 1966 151,000 Pub Serv of Okla 4s 3,226,000 Puget Sound P & L 524s._1949 5s series O 1950 1,401,000 1,572,000 424s series D--_ 1950 148 Sale 15524 157 10614 7514 7214 71 10714 Sale Sale 106 649,000 Queens Boro G & E 524s._1952 66 30 0824 July 9 11024 June 28 11 10924 July 25 June 22 10924 May 10 10424 Mar 23 10624 Jan. 21 108 9624 Apr. 9124 Jan. 11 11024 July 21 3 10224 June 26 14 25 14 Jan. 104 Mar. 24 111 July 114 May 9424 July 27 4 17 11324 Jan. 3 9524 July 24 Apr. 11124 July 76 Jan. 32 91 98 97 Jan. Jan. Jan. Jan. June 7 38 26 10024 July 3 10424 Mar. 3 10524 July 10524 Jan. 108 Apr. Apr. Apr. Apr. Mar. 22 4 108 10824 Jan. 26 Jan. 12 21 105 July 17 10 100 14 10024 July 12 6 11324 July 22 July 28 17 81 6 51 June 28 108 38 101 11 10524 July 10824 Feb. 3 19 26 June 22 June 29 21 25 25 18 Apr. 9524 Jan. 1724 Jan. 64 14 10 10624 June 21 13 10924 Mar. 13 Jan. l(il24 July M 29 25 3 10724 July 14 10624 May 10524 July 10524 Jan. 2 13 89 100 * 91 30 Sale • May 23 8 10424 July 28 21 108 101 10724 July 10624 July 10614 July 108 July 10614 July 10214 July 100 July 10024 July 11324 July 81 July 105 Sale 25 9424 July 27 113 July 12 9524 July 24 38 July 15 10024 July 14 10614 July 107 24 103 July 11214 July 9124 July 9414 Sale 9114 Sale 11224 11124 July 11214 11414 111 87 July 9414 Sale 87 Sale 38 42 38 July 38 41 Sale 100 9724 July Sale 98 Sale 10324 July 103 10314 104 104 105 106 July 104 Sale 10614 July 10614 Sale 10614 107 10614 10714 10614 10614 10614 105 106 10614 10614 107 10614 108 10514 10614 10514 10214 10214 10124 9914 98 9714 Sale 10014 11214 11214 11224 7914 7924 8014 Highest Sale Prices Sate Prices 29 107 July 8 10224 July 11114 July 10914 110)4 109 Lowest Sale Prices Highest | Sale Prices Jan. 26 31 3 99 22 80 17 109J4 Jan. Mar. Feb. 4 4 4 June 5 May 23 Feb. 20 10 110 June 19 4 48 July 19 3924 Jan. 10024 Jan. 23 105% Mar. 14 Feb. 25 2024 Feb. 10 23 Pub Service Co of N J— 74,000 ARuhr Gas Co 624s 5,000 ARuhr Housing 624s A 1953 1958 53,000 lASt Louis Gas & Coke 6s.l947 297,000 Safe Harbor Water Pr.___1979 36,000 San Joaquin L & P 6s B 1952 31 20 107 157 15514 July 15624 Sale 10614 10614 10614 July 95 Sale 9024 July 8714 July 9314 Sale 85 July 9024 Sale 10624 9524 94 24 9024 June 28 Apr. 10 157 June 27 10824 May 10 9524 July 27 3 72 Jan. 3 9424 July 25 7024 Jan. 14 9024 July 31 146 July July July July July 106 7524 Jan. 9024 8714 Sale Sale Sale 85 Sale Sale 89 93 9824 Sale 91 July 10 9824 July 31 6324 Jan. 35 27 50 3114 40 3014 July 7 3224 July 22 28 20 25 22 25 1614 1714 10814 10914 131 20 July 10724 July 136 July 1814 20 20 23 10814 10814 10714 Sale 13424 13614 138 139 13 21 July 31 109 July 2113624 July 14 15 21 5 Apr. 14 2124 June 30 98)4 July 31 Jan. 11 35 21)4 June 30 July 14 1624 Feb. 1 21 Feb. 16 10724 July 31 110 134 Feb. 1 13724 June 15 ASaxon Public Works— 39,000 38,000 634,000 289,000 36,000 722,000 252,000 269,000 129,000 891,000 4,051,000 921,000 318,000 823,000 416,000 • 6s— ASchulte Real 1937 Estate 6s 24 Scripps (E W) Co 524s 1951 3014 1943 10114 Scullin Steel Oo 3s Servel Inc 5s 1948 10414 1951 Southeast P & L 6s 2025 Sou Calif Ed 3 24s—May 1 1960 64 10414 Southern Counties Gas of California 4 24s 1968 Sale Sale 10414 73 7614 8414 Sale 95 1951 40 21 Apr. 50 24 July 2314 2524 10124 July 10224 Sale 50 July 5224 5624 Sale 21 Sale Sale 10914 Sale 11114 4924 10314 10324 10424 102% 102% 104 Sale 10424 8114 7914 83 9914 9614 Sale 106 107 11014 10914 10924 10914 10914 10924 10914 103 10324 10414 108313il09% 10824 10424 10324 July Sale Sale Sale Sale Sale Sale 109 110324 10414 10414 10424 10324 48 Sale 4124 41 42 10324 10314 10414 10424 Sale 103 24 10324 104 10324 Sale 10314 99 9424 9324 83 9414 98 10724 Sale 10624 10714 10624 105 4514 Sale 2022 179,000 S'western Pub Serv 6s A--1945 134,000 Spalding (A G) & Bros 5s .1989 52 Sale 57 5 10424 July 10524 81)4 9924 11024 10924 10924 10424 49 Sale 109 July July July July July July July 24 July 28 July 31 July 27 July 31 July 17 July 12 July 29 7 July 6s stamped 1948 1,380,000 6s conv stamped 1948 1,121,000 6s .—1951 1,683,000 6s gold debs 1957 141,000 6s 1966 1,041,000 1939 246,000 Standard Invest 524s 1957 1,981,000 Stand Power & Lt 6s 1950 383,000 AStarrett Corp 5s Stinnes (Hugo) Indus— 114,000 7s 2d stamped-1940 136,000 7s 2d stamped 1946 . 1956 1,828,000 Tenn Elec Power 5s Terni Hydro-Electric Co— 6 24 s series A 1953 315,000 1960 2,591,000 Texas Elec Service 5s Texas Power & Lt 5s 1956 1,501,000 6s. 2022 223,000 947,000 Tide Water Power 5s A—1979 1,564,000 Twin City Rap Tr 524s A.1952 5914 Sale 6014 Sale 5914 6014 6924 Sale 6914 Sale 6914 Sale 10424 July 6 4824 July 10 10424 July 18 104 July 6 99 July 28 10724 July 14 59 July 20 61 60 68 62 61 Sale 61 63 Sale 9824 Sale 6014 Sale 33 Sale 62 Sale 5914 60 87 6014 1924 Sale 70 6924 Sale 9914 100 6924 Sale 20 2114 60 62 5324 56 5114 53 51 50 35 38 35 3624 35 90 9114 4914 Sale 99 103 H 100 Sale Sale Sale 8714 Sale 5014 5114 9914 100 10214 10624 11124 9624 6124 44 10014 10014 4214 Sale 104 Sale 107 Sale 10124 10624 11124 9624 6124 11224 Sale 9924 Sale 6414 Sale 6224 July July 9924 July 39 44 Sale 112 Sale 28 28 28 28 28 15 28 24 54 July 3624 July 3 18 3 10024 July 12 July 6024 July 9824 July 61 July 18 July 48 39 71 July 7124 July 7024 July 6924 July 71 July 9924 July 70 July 21 July July 6124 July 6024 July 20 21 4324 10424 10724 11224 9924 6424 July July July July July July July 27 July 27 July 28 July 31 July 28 July 31 Ulen & Company— 6s 4th stamped 376,000 102,000 United Elec of N J 4s United Elec Service 175,000 24,000 76,000 384,000 825,000 202,000 1,984,000 349,000 143,000 476,000 598,000 1950 1949 7s 52 Sale 11614 117 57 -1959 United Lt & Rys(Del) 524s 1952 United Lt & Rys (Me) 6s A1952 Deb 6s series A 1973 Utah Power & Light 424S-1944 10414 524s Sale 114 76 74% 10714 89 11614 74 94 2022 1,031,000 Virginia Pub Ser 514s A—1946 6s ———-1946 253,000 6s registered —1946 5s series B_.__1950 860", 006 26 Sale -—1975 A 26 Sale Sale 1941 1945 1974 36 Sale Without warrants-— 6s series 40 3824 July 11824 July 44 119 41 July 1 3 11924 July 20 14 1956 AUnited Indus 6 24s A 1st 6s United Lt & Pow 624s Deb 6s 3824 Sale 11814 8314 9724 9114 44 2724 2814 27 24 35 2714 Sale 77 24 7724 8724 Sale 76 76 8314 Sale Sale 10714 10724 10724 91 Sale Sale 8824 11624 m3* 11824 119 77 76 8214 Sale Sale 9824 9814 100 98 Sale 99 9124 82 Sale 9714 Sale 100 91 24 9324 95 87 Sale 95 21 Sale 9014 92 43 42 35 Sale 7 July July 25 July 21 July 31 July 28 July 19 91 July 28 11824 July 28 84 July 27 10024 July 27 9824 July 28 45 July July July July 2824 2824 8724 8324 10824 July July July July July July July Sale 100 July 31 9524 July 24 97 24 July 96 9124 July 9424 July 9924 Sale 9924 July 28 1724 July 29 July 8 111 20 104»82July 14 5 6 62 5 106 24 116 31 27 24 3 Waldorf Astoria Corp— a5s income deb 1954 1,897,000 1951 48,000 Wash Ry & Elec 4s 366,000 W'ash Water Power 5s—-i960 Western Newspaper Union— Oonv deb 6s 1944 310,000 2030 239,000 West Penn Elec 5s 133,000 West Penn Traction 5s—1960 .1957 1,759,000 West Texas Util 5s A 1951 40,000 Wheeling Elec Co 5s For footnotes see page 53. 10754 110 10514 Sale 1714 18 10824 109 10414 105 1324 Sale 110 - fa* 105 5514 5614 62 10424 10514 106 115 11414 116 10114 Sale 10614 Sale 10514 10714 105 % 108 5914 Sale Sale 1324 July July 10424 July 109 115 10478! 56 10624 105 11524 116 July July July July July July Mar. 18 ■ 103)4 Feb. 17 10524 3924 May 10 5224 3 10424 10224 Feb. 8 10424 102 Apr. 81 99 Apr. 11 6 108 10424 Jan. 1 49 59 July Standard Gas & Elec— 6014 6114 6014 6124 6024 Sale 27 May 19 100 103 10324 July 7924 July 96 July 10624 July 1083132July 10924 July 103 July 10824 July Sale 12 9 3124 Jan. 1 10324 Mar. 7 May Jan. 5 18 65 48 May June 14 107 105 Apr. 3 Feb. 20 10224 May 25 106 8 10524 Feb. 24 102 Apr. 10324 Marj. 24 10524 Feb. 16 Mar. 17 Jan. 24 83 Jan. 23 83 9924 July 27 4 11024 July 31 94 24 Jan. 3 11124 May 12 10824 Jan. 5 11124 May 12 10824 Jan. 3 10624 Mar. 2 103 July 8 10824 July 28 11224 Feb. 22 2424 July July 57 July 24 102 10414 Sale 331,000 S'western Assoc Tel 5s A—1961 223.000 Southwestern L & P 5s 1957 287.0001 Southwestern P & L 6s *24* 67 104 10814 324s series B—July 1 1960 10814 Debentures 324s 1945 10414 1st & ref mtge 4s 1960 110 54 404i000 Southern Indiana Ry 4s 301,000 20 101 10714 Shawinigan W & P 424s—1967 424s series B 1968 424s series D__ 1970 Sheridan Wyo Coal 6s 1947 Sou Carolina Power 5s 1957 Sale 31 7 55 Apr. 11 5424 Apr. 65 Apr. 54 Apr. 54 Apr. 11 11 11 11 Jan. 3 87 5324 Apr. 11 118 July 8 50 34 Apr. 8 Apr. 14 Jan. 71 July 7124 July 7024 July 6924 Mar. 71 July 9924 July 7024 Mar. 35 Jan. 28 28 28 10 28 15 9 5 64 Mar. 50 Jan. 9 14 8824 Jan. 30 10024 Feb. 5324 10424 10724 11224 Jan. May July July 9924 July 6424 July 3824 Apr. 97 Apr. 103 Jan. 9924 Jan. 8624 Jan. 5024 Jan. 31 5224 Jan. Apr. 11 11624 Jan. 4 11924 July 52 4021 Apr. 26 h Mar. 23 Apr. 72 Apr. 68 Apr. 10424 Mar. 7824 Apr. 112 2824 2824 8724 8324 10824 9124 11824 Jan. 28 31 11 14 Jan. 14 July 25 June 14 July 31 July 28 July 19 June 21 July 28 July 27 10024 July 27 9824 July 28 8924 Apr. 10 100 June 7 June 2 82 Jan. 3 98 87 Jan. 3 9924 July 50 104 6 14 29 28 31 84 6824 Apr. 91 Apr. 8124 Apr. 1324 July 10724 Jan. 10424 July 17 Mar. 9 July 18 June 8 July 8 May 17 July 20 28 29 3124 Feb. 17 30 11124 July 14 Mar. 8 20 108 Mar. 4 Apr. 5 63 Jan, 28 10624 June 1 11024 Jan. 26 116 July 24 *99 Apr. 8 102% June 7 105% June 30 106% Jan. 3 NEW YORK CURB EXCHANGE Aug., 1939] AGGREGATE SALES In PRICES IN JLLY NEW YORK CURB EXCHANGE Since July $ 145,000 52,000 74,000 135,000 SINCE JAN. I Jan. 3 July 1 1939 BONDS (Concluded) 1,198,000 Wisconsin P & L 4s A RANGE Price Jan. 1 - 53 Ask Bid 1966 564,000 Yadkin River Power 5s 1941 277,000 J a York Rys Co 5s..^._-.1937 577,000 5s stamped 1947 July 31 Ask Bid Bid 105 k Lowest Ask 100% Sale 104 k Sale 102 102% 105 105M 105M 105 % 105% July 94 k Sale 92 90% July 95 92 k Sale 92 July 87% 87% 90 90 90 91 Sale Highest Lowest Highest Sale Prices Sale Prices 104 % July Sale Prices Sale Prices 106 July 25 100% Jan. 22 105% July 6 94 % July 95 3 July 28 31 25 106 June 15 102% Jan. 87 Apr. 20 94% July 31 86% Apr. 24 95 July 25 26 % July 28 24 106% May'24 FOREIGN GOVERNMENT AND 6,000 4.000 25,000 27,000 2,000 18,000 ...— 1,000 1,000 1,000 — 7,000 57,000 1,000 Caldas 5,000 12,000 1,000 MUNICIPAL Agricul Mtge Bk Rep of Col— A20-year 7s Jan 15 1946 A20-year 7s .Jan 15 1947 a7s ctfs of deposit 1947 6s ctfs of deposit 1947 Antioquia (Dept) Colombia— a7s A ctfs of deposit 1945 a7s B ctfs of deposit 1945 a7s C ctfs of deposit 1945 a7s D ctfs of deposit 1945 a7s 1st ser ctfs of dep 1957 a7s 2d ser ctfs of dep 1957 a7s 3d ser ctfs of dep 1957 ABaden (Germany) 7s 1951 Bogota, City of (Colombia)— a8s ctfs of deposit 1945 1946 Prov Banks 6s B a6s A 1951 1952 Colombia (Republic of)— 7 ,000 a6s ctfs of dep (A & 0)--1961 9,000 13,000 30,000 20,000 10,000 1,000 4,000 8% 8% 8k 30,000 37,000 18,000 a6s ctfs of dep ( J & J) —1961 225,000 Danish Cons Munic 5 Ms... 1955 91,000 5s I—.1953 ADanzig P & Wat'way Bond 100,000 Aexternal s f 6%& ,-_1952 148,000 AGerman Cons Munic 7s__1947 123,000 a6s_ 1947 34,000 AHanover (City) Ger 7s 1939 57,000 AHanover (Prov) 6 Ms 1949 42,000 ALina (City), Peru, 6MS--1958 174,000 AMaranhao (State) 7s 1958 144,000 AMedellin (Colombia) 7s..l951 7,000 7% ctfs of deposit :_1951 3,000 a6Ms ctfs of deposit 1954 Mtge Bank of Bogota— 41,000 a7s issue of May 1927—-1947 a7s ctfs of dep (May) 1947 6,000 a7s issue of Oct 1927 1947 11,000 a7s ctfs of dep (Oct) 1947 54,000 AlMtge Bank of Chile 6s 1931 103,000 Mtge Bank of Denmark 5s 1972 210,000 AParana (State of), Brazil 7s'58 296,000 ARio de Janeiro 6Ms 1959 201,000 ARussian Govt 6%s 1919 236,000 A5MS 1921 5,000 • No par 30 30 24 30 8 12 8 12 8 12 5 12% 12M 12 M 12% 18 18 18 15 11 8 11 18 8 11 11 8 11 30 19% 25 Ilk 20 11 20 11 11 20 11 14% 16 11 11 k 20 13 Sale 2 28 k Jan. 7 Apr. 21 11 27 16 24% Mar. 14 8% Jan. 26 13 k June 7 14 9 14 Jan. June 9 13 % June 21 11 19% July 12 ■20" "July 20 Mar. 16 17% May 15' June 13% June 21 11 Mar. 16 4 20 July Mar. 10 15 Mar. 10 20 12 Sale 12 19 12 21 30 24 21 30 24 25 25 20 10 16 k June 15 12 Jan. 3 26 24 26 22 Jan. 31 21% Apr. 21 25% Mar. 25% Mar. 19% Feb. 22 6 Jan. 85% Apr. 18 100 85 Apr. 20 96k Jan. 30 19 k 19 k 15% July 24 30 16 k June 15 10 19 40 40 16% June 15 14 % July 99 k Sale 97% 99% 11% 6k 11 k 22 1945 1949 1961 30 22 94k 90% 80 88 86 87 35 19 18% 24% 21% 20% 25 21 22 25 18% 8% 9% 14% 22 10 12 16 14% 20 21 18 k 20 22 18 k 20 26 17 12 k 10 Sale 8k 9% 19% Sale 14% 12% 11M 16 19 12 18 18 13 12 26% 28 26% 90 July 91 3 21 July 18 % July 17% July 19% July 24 19 3 3 value. 28 32 24 30 ■ 26% 16 89 26 24 10% 12 k 84 95 12% 85% 11 % Sale 8% Sale Me Me 12 Sale 44 Sale 14% 9 9 M« Me * Ex-dividend. July 24 16% Apr. 11 16% Apr. 11 35% Feb. 20 Mar. 6 20 20 Mar. 6 Apr. 17 Jan. 31 22 Apr. 10 20 19 May 2 6% Jan. 20 11% Jan. 3 13 Mar. 10 15 Mar. 10 Feb. 2 15 June 9 10 Jan. 20 13 June 26% July 6 6 25 % Jan. 4 21 July 13 26 19 52% July 10 July 11% July 19 10 29 12% 14% 11 13 11 14% non-voting, voting trust certificates, "w w" with warrants, "x-w" without warrants. Apr. 26 11 85 % July 11 July Me % 56 "w i" when issued. ). 21 25% Jan. 25 % July Me July 53% "m" mortgage, "cod" certificates of deposit, "cons" consolidated. 12 28 29 26 10 14 k July 19 1 15 14 56 "cum" cumulative, r "vtc" July 19% July 18% July 20 k July 10 14% July 8% July "conv" convertible, Abbreviations Used Above: 23 6 5 16 4 Mar. 17 June 26 % July 6 32 26% 24 "n-v" Mar. 29 14 26% July 30 Abbreviations Used Above: a Bonds being traded flat. t Reported in receivership. 17 7 3 9 24 13 k 13 k July 18 26% 58 28 32 92 12 ~7% '20" 45 July 32 22 86% 40 M 17 17 17 17 30 22 Jan. 11% Mar. 18 July (City) Argentina— 40,000 a7s stamped 76,000 ASantiago (Chile) 7s 38,000 a7s 26 18 23 23 Sold under the rule. a 25% Feb. 24k Jan. 26% July 20 15k 15 24 20 14% 26% July 26% July 18 17 Deferred delivery sale, Sold for cash. n 30 17 - Santa Fe 5,000 2,000 21% 24 15 15 15 30 7 7 7 , 13,000 5,000 15,000 26M 26% 12 15 15 15 15 27M 30 30 24 30 30 30 8k 26% 26% 24 26 26% 24% 24% (Colombia)— a7Ms ctfs of deposit ACauca Valley (Dept of) Rep of 147,000 Colombia extl s f 7s 1948, 8000 a7s ctfs of deposit 1948 ACent Bk of German State & 15,000 8,000 25 H 13 July July 12 July 9 July Me July Me July 24 18 21 11 7 6 53 % July 10 July 27 10 29 86 11% July 21 June 30 11 85% 8% 5% % July Jan. Jan. July Me June 26 % Mar. 6 26 Apr. 21 16 Jan. 3 26 96% Mar. 17 20 4 15 15 29 47 Apr. 27 8k May 5 8% May 3 Mar. 10 14% Mar. 11 % Feb. 23 % Jan. 11 53 % July 14% Jan. 14% Jan. 27 25 2 a Deferred delivery sales, in which no account i taken in computing range, are given below: No sales. n Under the rule sales, in which no account is taken in computing range, are given below: Guantanamo Cash & W RR 6s A '58, July 11 at 51. sales, in which no account is taken in computing range, are given below: r No sales. STOCK EXCHANGE RANGE OF PRICES ON CHICAGO Shares_ Jan. 1 to 1938 1939 Stock Sales July July 31 ' July 872,000 5,311,000 676,000 4,324,000 AGGREGATE In BONDS Ask 115 957,000 Commonwealth Ed 324s__1958 26,000 Stamped. STOC/CS Fo> 11,185 Abbott Laboratories com * 70 4 24 % cum conv pref 100 1,576 Acme Steel Co common 25 940 Adams (J D) Mfg common * 5,550 Adams Oil & Gas Co com * 4,950 Advanced Alum Castings 5 7,550 Aetna Ball Bearing common.-1 7,150 Allied Laboratories common—* 2,050 Allied Products Corp cl A 25 2,900 Common 10 8,207 Allis-Chalmers Mfg Co—._.* 270 Altorfer Bros conv pref * 4,890 American Pub Serv pref—100 31,538 Amer Tel & Tel Co capital.. 100 52,155 Armour & Co common 5 3,000 Aro Equipment Co com 1 11,200 Asbestos Mfg Co common—1 2,300 Associates Invest Co com * 3,700 Athey Truss Wheel capital..4 488 Auburn Auto Co common * Highest Sale Prices 1,904 ""270 270 400 300 1,350 2,050 50 650 1,229 50 670 3,616 5,213 500 1,600 300 300 50 11,419 9,700 1,650 120 100 650 3,250 2,800 2,650 12,340 3,550 100 1,750 7,450 150 "43" July t7> 15024 524 400 20 19 8024 Sale 88 Sale 924 H Sale 4)4 Sale 2 Sale 18 7 324 724 824 3624 324 2924 5 13 sal • 11 52u . ale Sale 32 Sal 524 20 16 . 17 2024 724 1524 22 ^a. Sal 9 224 Sale 9 Sali 20 24 Sale 324 224 224 Sale 92 Sale 324 Sale •X 924 1524 4 24 2024 924 224 1624 2124 1924 2324 5 24 824 1024 2 624 1624 10 Sale 824 524 2124 924 4)4 1724 2124 2024 2524 Sale 10 324 2 24 424 Sale 224 224 24 Sale 2 24 Sale 624 5 19 14 824 1824 10 524 9 Sale 1024 524 25 24 Sale 1024 324 1924 Sale 25 24 Sale 2124 Sale 424 20 2424 24 524 924 Sale 1024 11 224 Sale 21 20 24 38 36 Sale, 6 8 724 424 1924 17 2024 1024 9 224- 2 7 8 624 224 924 2224 9 *18 14 724 1224 1024 524 Sale Sale 224 124 124 24 Sale Sale 9 11 Sale 36 1 July 12 7 34 167 24 158 157 Sale 3)4 o 34 1 51,678 Butler Bros common 5% convertible preferred. 6,527 10,650 1,000 19 Sale 9 _ 10 924 524 224 32 Sale _ 1,300 [ 950 6 16^ 19 24 924 3524 13 24 2,350 Brown Fence & Wire class A. Common 5,150 16,800 Bruce Co (E L) common 1,050 Bunte Bros common 4,550 Burd Piston Ring common— 9)4 64 11 18)4 724 5724 July 8U July 39 36 2424 7 27 Sale Prices July 65 31 105 Apr. 14 123 July 27 Jan. 3 118 June 2^ 5324 Apr. 65 July 31 Jan. 130 S1H Apr. 43 120 124 724 1424 1924 824 32 24 3)4 7)4 12)4 1924 8 24 2h 1,080 Backstay Welt Co common. _ 1,300 Barber Co (W H) common. 6,350 Barlow & Seelig Mfg A com. 12,450 Bastian-Blessing Co common 8,750 Belden Mfg Co common 9,350 Belmont Radio Corp 96,485 Bendix Aviation Corp com_. 31,860 Berghoff Brewing Co 1,500 Binks Mfg Co capital 13,850 Bliss & Laughlin Inc com... 46,335 Borg-Warner Corp common. 2,970 Brach & Sons (E J) capital. 300 824 524 124 724 Sale 65 59 34 32 924 3 22,396 Aviation Corp (Del) 19,400 Rights (w i) 67,480 Aviation & Transport cap 5724 130 Sale Sale 1,100 Automatic Products com 5 2,700 Automatic Washer common..3 ""loo Sale 58 Highest Sale Prices 116 Shares Shares 1 109 123 12424 124 54 117 24 Jluy 116 115 Sale 109 Lowest Lowest Ask Ask Bid Bid Sale Prices July 31 July 1 1939 Bid $ 102,000 RANGE SINCE JAN. Jan. 3 Since Jan. 1 % 96,000 Price STOCK EXCHANGE July $75,000 986,000 July 31 PRICES IN JULY CHICAGO SALES $102,000 ----- -- Jan. 1 to 1938 1939 Bond Sales 224 "2 24 724 Sale 23 2224 7 524 July 7 124 July 7 7 24 July 1424 July 15 1924 July 25 8 July 20 3 3124 Julv 19 July 10 1 80 24 July 1 157 24 Jul j 1 3 24 July 5 824 July 1 24 July 3 3524 July 3 3 July 124 July 12 24 July 6 3 24 July 24 July 1 2 24 July 6 1 21 25 6 July 19 2 24 July 28 924 July 20 17 24 July 21 1924 July 25 10 July 29 3854 july 18 20 July 11 94 July 24 16824 July 26 6 424 July 9 July 18 July 1 oo*4 July 26 38 324 July 18 124 July 27 3824 July 9 '2 July 24 424 24« 224 July July July July 5 6 21 6 25 3 25 3 i* 3 9 Jan, May 924 July 1724 July 1924 Jan. 10 July 47 24 Jan. 2124 Apr. 94 July 17024 Mar. 624 Jan. June Apr. May 5 Apr. 2824 Apr. 18 June 59 Jan. Apr. Mar. 30 Apr. 224 Apr. 124 July 124 Jan. 38 324 424 2 24 24 854 24 May 224 June Mar. Feb. Feb. Jan. June Jan. July 7 5 Apr. 10 11 13 Jan. 24 14 24 824 July 15 July 11 8 8 July 3 4 24 July 3 20 2s July 5 9)4 July 4 24 July 17 5 17 July 3 2124 July 20 July 10 24 July 10 1 524 July 5 924 July 1124 July 26 2 July 17 1 6 24 July 6 2024 July 924 1824 1024 554 26 24 1024 424 1924 2624 724 Jan. 25 10 Apr. 10 624 Apr. 424 Apr. 1624 Apr. 724 Jan. 2 54 Apr. 13 24 Apr. 20 Apr. 1024 1824 1124 624 2924 1024 5 24 20 24 July Mar. July Jan. Jan.. Jan. May Jan. Mar. 32 Jan. 22 June 1124 1624 13 24 7024 13 July 1824 July 13 24 July 7624 July 18 27 28 18 54 July 6 24 July 124 July 112 July 70 July 5 July 19 July 1324 July 18 27 2a 4 1 Apr. Apr. 24 100 Jan. 31 27 21 14 45 22 2524 524 11 1124 2 24 824 22 24 July 12 July 28 July 29 July 25 July 28 July 24 July 17 July 18 July 18 July 28 July 14 July 12 July 17 July 26 July 22 July 22 July 25 17 Jan. 2024 Apr. 5 Apr. 924 Apr. 10 7 24 Feb. 2 June 6 Apr. 10 1824 Apr. 11 15 28 5 5 3 31 19 10 3 7 4 724 Jan. 17 24 Jan Feb. 11 14 25 24 July 9 8 27 18 3 19 14 June June 14 24 July 7 3 6 24 June 14 11 July 29 11 4 25 Jan. 4 June 1 26 5 14 24 July 20 25 17 1024 Jan. 11 16 2* Jan. 924 July 924 Jan. Jan. 524 July July Apr. 14724 324 724 24 June 15 . 19 3 1124 May 3 24 Mar. 14 9 Jan. 3 23 24 Mar. 8 _ 13 Campbell Wyant & Gannon Foundry capital * 1,976 5,280 Castle & Co (AM) common .10 1,320 Cent Cold Storage Co com__2u Central 111 Pub Serv pref 19,620 413 550 190 3,260 Cent III Secur 10,000 6,550 400 402 1,350 340 1,200 50 14", 550 18,050 1,100 100 20 Sale 524 1 10124 Sale 47 24 Sale 224 15 15 ..... 70 1524 24 13 300 250 90 508 430 "124 150 1,550 10 25 1224 25 65 6924 34 33 Sale 100 4 pref..* * 24 7h 109 68 2 24 85i 1 2 24 19 13 2 Sale July 13 July 10 July 27 July 5 4 24 18 1324 124 3624 12 24 7 1 24 24 24 July 7 524 July 1 July Sale 113 10624 July 50 Ji ly Sale 4 July 524 182s 1624 July 13 i4 July 14 24 Sale 124 Jul} 33 July 38 25 70 July 7 3 24 24 July 24 110 69 5i 24 2 24 24 24 224 7 24 6 724 110 24 110 112 11024 112 6824 7 5 24 71 7524 7 1 24 68 6724 6824 8124 Sale 724 224 1824 2754 35 Sale 27 15 10 common. 9,250 Consolidated Biscuit com Consolidated Oil Corp 18,050 8 224 July 16 24 Jan. 8 13 11 23 24 Jan. 15 Jan. 4 76 24 July 18 924 Apr. 524 224 28 5 24 224 32 24 Sale 524 624 224 224 28)4 32 3124 Sale Jan. 224 Apr. 15 Jan. 18 26 33 7324 July 24 July 22 17 62 554 July 224 July 15 28 24 July 10 11024 July 20 7124 July 84;-4 July 1 10 24 25 6 34 July 24 28 13 2>4 July 1 6 Sale * 9 Sale 424 724 1124 Sale 7 24 13 4 724 13 t4 424 Sale 10 July 4 July 724 July 1 3 25 3124 July 29 July 5 July 7 24 July 27 18 6 19 13 Jan. 4 Apr. 13 224 3824 14 24 7824 Jan; 4 Mar. 10 Feb, 8 Mar. 8 4 2 24 Mar. J4Mar. 24 July 24 July 824 Jan. Apr. 1 15 4 11024 Feb. 21 10724 June 6724 Jan. 5324 Apr. 554 2 24 1824 2524 21 Jan. Jan. 24 Apr. 2 24 July July 15H June 13c 14 19 1224 Apr. 6 July July July 5 54 Jan. 624 July 27 5 124 Jan. 112 July 24 70 July 31 4 624 Mar. 24 May 124 July 37 July 15 6 5 11 Apr. 1224 Jan. 6424 Apr. 16 1224 Apr. 24 Apr. 124 Apr. 6 Sale 72 July 13 Jan. 14 Jan. 27 Apr. 11 Apr. 11 9 24 3 24 27 3154 22c Feb. 23 July 25 Feb. Mar. May July Apr. Jan. Mar. Jan. 6 2 29 29 27 7 13 7 9 Apr. 26 4 July 7 Apr. 25 11 424 124 24 924 1624 102 24 1924 May 754 Jan. 6 May 2 54 July 124 Jan. 13 1554 654 9)4 Consumers Co— V t pref part shares 50 50 * 980 5,549 Container Corp of Am com. .20 * 2,395 Continental Steel common 2,320 940 c Com part shs v t c A Common part shs vtcB Preferred 100 654 754 424 8 2 24 1 3 2 2 24 154 1624 Sale 27 54 Sale 37 80 Curtis Lighting Inc common. _* 1 56 14 9* 18 924 20 424 7 124 2 24 124 1124 12 2724 Sale 424 124 24 924 2024 524 2 24 124 1124 29 24 July July July July July July July July July July 19 13 18 27 27 98 10124 25 11/979 Crane Co common. 100 2,520 Cudahy Packing Co pref 7,151 Cunningham Drug Stores. .2 24 For footnotes see page 56. 24 124 7124 24 83 24 665 "l~,755 14 70 25 422,634 Com'wealth Edison com Rights 854,000 8,950 Compressed Indus Gases cap .5 1,300 2,226 424 Sale 1424 24 124 51 50 324 1624 3624 6 107 424 1524 Sale 6 Sale 35 _ 400 75 10524 108 13,830 Cities Service Co common. .10 7,950 Club Aluminum Utensil Co..* 770 Coleman Lamp & Stove com..* 3,000 l",806 Sale 24 524 .5 40,282 Chrysler Corp 2,881 69,204 7024 1124 1824 1224 * 460 Chicago Towel Co conv Common capital 550 20 " Preferred 410 Chicago Ry pt ctfs "I" 890 Chic Rivet & Machine cap ""410 Sale 68 1024 1824 1324 Sale * 14,800 Chicago Flexible Shaft com. .5 100 4,872 Chicago & N W Ry com 152 12 * Preferred 40 Chicago Electric Mfg A l",206 924 1624 15 1 Preferred * 7,770 3,360 Central States Pr & Lt pref..* .* 5,500 Chain Belt Co common 5 1,600 Cherry Burrell Corp com * 50 Chic City Con Ry pt com 1 120,680 Chicago Corp common " 18 23 24 1424 Corp— Common Convertible preferred * 77,110 Central S W.Util common.-50c Prior lien preferred * 2,902 650 13,350 17 22 Sale Sale 1624 2 109 24 106 109 23 24 Sale 2024 Sale 50 55 5424 ...... 1624 1 17 2 1824 1 Sale 2 1924 July July 1624 July 1 July 51 7 25 24 July 55 July 14 28 1824 July 1 July 3 18 17 31 28 Jan. Apr. Apr. Jan. July May 1224 Apr. 50 1 Anr. 19 16 24 Jan. 3 29 24 July 27 June 9 37 24 Jan. 73 Mar. 4 110 8 1824 July 31 1 Apr. 26 CHICAGO Aug., 1939] STOCK EXCHANGE 55 AOGREOATE PRICES IN JULY CHICAGO STOCK EXCHANGE SALES STOCKS July Jan. 1 Shares July 1 1939 Shares Par Bid 16 Ask Sale Sale 13,600 Dayton Rubber Mfg common-1 Cum class A pref 1,030 —35 Decker (Alf) & Cohn— Common ---10 3,700 Preferred 100 60 150 28 880 Deep Rock Oil conv pref 16,539 Deere & Co common-.-. 1,400 RANGE SINCE. JAN 1 Price Jan. 3 Since In July 31 Ask Bid Bid 13% 14 15% 15% 30% Sale 10% 20% Sale 26 Ask 24 Lowest Highest Sale Prices Sale Prices 13% July July 5 19 2% July 19 30 Lowest 16 July 17 30% July *31 Highest Sale Prices 9 Apr. 11 23 Apr. 10 Sale Prices 17% Jan. 30% July 20 31 . 150 - "20 1,070 * 160 De Mets Inc pref--Dexter Co (Tne) common--—0 Diamond T Motor Car com—2 10 60 415 550 700 400 300 3,300 1,150 270 * * 2,250 3,115 3,435 1,450 3,650 3,800 23,090 10,605 3,291 * —* Dixie-Vortex Co common Class A Dodge Mfg Corp common—-* Eddy Paper Corp (The)-----* El Household Util Corp 5 -15 Elgin Nat Watch Co Fairbanks Morse common—* 2% Sale 18 4% 9 38 2% 2% 38 20 15 20% Sale 13 Sale 5 5 Sale 6% 10% 32% 35 8% Sale 14 15)4 3% 3% 19)1 21 42 % Sale 2% 8 16% 2% 19% 19% 3 20 25 28 2% July 19 35 13 12)4 Sale 33 2% 20 5% 7% 11% 33% Sale 16% Sale 3 3% 21% 22 32 33% 6% 16% 2% 19% 26% July 21 3 July July 11 July 19 Jily 13 6 July 6 July July 8 July 27 July 6 July 10 July 1 13% 3% 13 % 2% July July July July 18% 13 5 6 10 31 30 21 13 5% 6% 10% 32 8 17% 3% 21% 33% July July July July July July July July July July July July 21 18 11 20 25 28 14 28 17 18 18 18 3% Mar. 30 1% Mar. 34 30 30 Jan. 10 Jan. 38 Jan. 30 28 15% Jan. 13 June 4 Apr. 5% June 9% May 31 July 6 Apr. 14% Feb. 2% Apr. 17% Apr. 24% Apr. 21 12 29 18 6 July 23% Mar. 19% Jan. 5% May 9% Jan. 12% Jan. 35 % Feb. 8% Jan. 19 % June 4 May 22% Mar. 43% Jan. 4 21 9 17 23 4 3 27 6 5 22 10 4 Fitz Simons & Connell Dock 150 950 700 3,500 1,900 265 100 2,400 1,423 mum mm — — 5,589 41 353 mm mm mm m 300 2,274 1,050 6,150 4,771 — 150 2,650 450 160 130 100 1,975 250 5,650 1,400 2,032 700 625 429 1,214 & Dredge Co common* 4,250 10 4,850 Four-Wheel Drive Auto 9,650 Fox (Peter) Brewing com—-5 1 17,900 Fuller Mfg Go common- - 13,600 Gardner Denver Co common-* $3 cum con vr pref 20 700 3,124 General Amer Transp com..-5 -.5 1,750 General Candy Corp A 13,300 General Finance Corp com—1 * 10,040 General Foods common.. 10,150 Gen Household Util com.----* —10 57,560 General Motors Corp 984 General Outdoor Aav com—* 3,761 Gillette Safety Razor pref—* 40 Godchaux Sugar Inc class A— * 4,450 Goldblatt Bros Inc common--* 16,549 Goodyear Tire & Rub com—* 8,000 Gossard Co (H W) common. - * 55,450 Great Lakes D & D com.—--* 22,081 Hall Printing Co common..-10. 760 Hamilton Mfg cl A part pref. 10 2,650 Harnischfeger Corp common-10 23,650 Heileman Brewing Co G cap., i 1,300 Hein Werner Motor Parts—3 1,990 Hibb Spencer Bartlett 2,910 Horders Inc common com..25 12,900 16,952 3,450 2,625 2,851 12,566 10 Illinois Brick Co..— 200 3,500 7,150 30 1,680 110 200 2,050 970 600 60 1,300 50 50 1,384 650 90 150 120 488 260 250 150 190 140 150 400 20 33,110 1,800 160 4,900 76,560 400 2,100 2,750 1,650 4,800 1,700 50 1,300 500 * ~ «. «• - 41% Sale 6% 6% 7% Sale 33 11 % Sale 36% Sale 10% 11 26% Sale ll% T' 5)4 Sale 6% Sale 7 8% Sale 11% 24% 17% Sale 10% 12 2 Sale 6% Sale 4 * 93 4% 94% 60% Sale * Le Roi Co common 10 2,100 12,589 Lib by, McNeill & Libby——* 8,700 Lincoln Printing Co com—--* $3.50 preferred * 1,470 1,700 Lindsay Light & Chem com. 10 Preferred. 10 170 Lion Oil Ref Co common. _* 5,063 — 2,334 Liquid Carbonic common..—* * 3,700 Loudon Packing common —5 600 Lynch Corp common 2,270 McCord Rad & Mfg "A"—-* 1,030 McQuay-Norris Mfg com—_* 800 McWilliam Dredge common.-* 7,700 Manhat-Dearborn Corp com.* 390 Mapes Consol Mfg capital— - * * 158,405 Marshall Field & Co com 1 30,160 Mer & Mfrs Sec cl A com.. Prior preferred * 2,920 2% 16% 26 3 18% 26% "20% ~2i" 41 45 Sale 6% Sale 4% 70 29 85 Sale 69% Sale 1% Sale* 2)| 2§ 29 3 22 31% Sale 25 7 7% 6% Sale 5 29% 2 9% Sale 31 Sale 9% ,19% Sale 18% 32% 8 26 16 % 15% 19 35^* 30 17% % 20% 12% Sale 25 Mickelberry's Food Prod com.l Middle West Corp capital--.5 4 7% 4% Sale Midland United Co common--* Convertible preferred. * Midland Util 6% pr lien—100 100 -—.100 -.100 Miller & Hart Inc conv pref..* Minneapolis Brew Co com—1 Modine Mfg common * Sale^ 4% % Sale 7% prior lien 7% preferred A.-6% preferred A. Monroe Chemical Co com Preferred * * ----- 1,940 1,360 Muskegon Mot Spec class A__* 2H 2^ 3K 41 Mountain States Power preflOO 4,050 40 Sal? 3* 2? 14% Sale • 600 80 405 50 490 2,360 400 5,400 600 150 4,150 200 280 910 m, mm m, m, mm mm 60 110 Nachman Springfilled com * 1,400 i\ational Battery Co pref * 4,230 Nat'l Bond & Invest com--.-* 1,035 750 Nat'l Pressure Cooker Co Nat Republic Invest Trust— 2,980 2 Cumul conv pref National Standard— Nor West Util pr 7% preferred * com 37,610 Northwest Bancorp com 4,650 Northwest Eng Co common3,580 3,849 31% 15% 4 9 32% 16 5 10 lOOl _ * * lien pref-.100 100 120 Nunn-Bush Shoe common..2% 50 Okla Gas & El Co 7% pref. .100 * 1,253 Omnibus Corp vtc com * 770 Ontario Mfg Co common _ Common-. •340 Convertible preferred 420 1,700 Parker Pen Co (The) com For footnotes see page 5% 19 Sale )f Sale* §* 7% 25 14% 16 Sale 14% 12% 14 41% 12% .-... 16% 10 .* 7% * 10 25% 15% 56. \ 8 27% 16% Sale 4 5 'V ~20~~ 15 July 22 41 % July 1 12 11 49% July 28 4% July 12 6% July 24 40% Apr. 10 Apr. 1% Apr. 36% Jan. % Jan. 37% Apr. 4% July 5% Apr. 12 30 10 4% July 6 July Sale 12% 13% 14 Sale 12% July 8)f 8% 3§% 35H 11 Sale 8% 8% 35 9 9% 36 23% 11% 25% 25% Sale 10% 10% 11 11% 12% 10% Sale 1 4 4% 10% 11 16% Sale 2 2% 70 73 53% 55 3% 2% 4 16% 17% 10 15 11% 17% 38 41% 4% 4% 7% Sale 91 "40"" 36 92 95% 8 Sale 7 3 % 1% 12 1 4% 13\% 18% 3 81 Sale Sale 19% 3% 4% 10% 16% 2% 69% 53% 84 18% 42 47 6 8% 5% 8 90 100 41 94 96 9 Sale 1 1% 1% 30 28 3 25% 8% 5 2% 30 3% 26% 9% 5% 3% Sale 25% 26% 8% 9% 5 5% 2% 3 25% 28% 2% 2% 9% Sale 12% 13% 16% 17% 1% 1% 31 Sale 3 32 25 2% 9% 2% 10H 14 13% 14 28 26 5% Sale 30 9% 11 1.* 22 . 12 12% 3% 26% 27% 4 5% Sale 1 July 7 14% July 25 5 July 31 9 July 17 9 July 25 35 July 12 July 13 25% July 31 5 27 1 July July July July July July 21 1 5% July July 26 1 3 6 1 6 3 10% July 17 July 12 43 July 25 3 4% July 1 7% July 92 July 17 6 38 July 94 July 15 8 July 19 3 2% July 5 % July 6 1 % July 30% July 10 3 July 15 7 25 July 7 9 July 4% July 15 2% July 18 27% July 21 2% July 21 9% July 11 13 July 14 5 13% July 8 1% July 28% July 25 July 5 30 "8% "16% 21 12 26 19 22 18 31 13 % July 22 11 17 10 July 1% July 4% July 13 % July 18% July 2% July 83% July 60 July 5% July 4% July 10 21 24 8 25 18 26 26 17% Sale 17 7) 3) 2* 10% July 10% July 3 14 32 4% July 8% July 8 July 35 July 10% July 24% July Sale 11 1% 54% Sale 5% 16% July July July July 6 4 24 14% Sale 4 4% 27% Sale Jul} 10% % 22% 11% 3% 26% July July July July July July 18 1 27 14% July 28 18% July 26 45 July 28 5% July 28 8% July 18 92 July 17 43% July 28 96 July 25 8 July 3 % July % July 1 % July 32% July 3% July 31 25 July 7 9 July 7 5% July 5 3 % July 27 28% July 28 272 July 9% July 13 % July 17% July 1% July 31 July 31 __ 5% July 31 31 July 13 11 July 12 25 1 3 14 % July 22% 15% 4% 27% July July July July 3% 6% Sale % 1% 2% 4, P % Sale % Sale 2% 2% 10% 16% 11% 18% 2% 1 43 55 18% 45 Sale 20% 6% 8 35% Sale 10 13% 5 7 17 18% 20 20% 3% Sale 9% Sale % 3 2% 7% 6% 7% 7 % % 2% 11% 17 2% 12% 20% 2% 43 % 1% 40% 66% Sale 19 20% 5 9 36% 14% 7 1 35% 13% 21% Sale 11% 8 18* 11% Sale 26"" Sale 2% Sale 6% 11% a 7 Sale 9% Sale 17 19 60 Sale 21% Sale 11% 13 15% 18 48 52 16% 18 13% 12% 14% 13% 6 25 7 6 31 66^ 49% 2% 2% 15% 14 14 14% July 6 9 37 13 Jan. Apr. Apr. 10 Apr. Apr. Jan. Jan. Jan. 8 10 11 26 Jan. Apr. 2% Apr. % Apr. 1 % July 27 May 2% Apr. 6 Jan. 6% Jan: Anr. 2 Mar. 25 June 22 1% 9% 12% 13% Apr. 11 Jan. 28 Apr. 8 June 29 . Anr. 8 May 18 12% 15% 13 7 14% Apr. 10 Apr. 10 10% July 27 % Apr. 10 19 Apr. 12 9% Apr. 11 3% Anr. 11 26 Mar .13 6% Jan. 20% Jan. 22% Jan. 4 Jan. 94% Jan. 66 Mar. 6% Mar. 10 5 Feb. 24 19 Mar. 7 . 26 Jan. 14% July 19% Jan. 46 Mar. 5% July 8% July 92% May 43% July 96 July 8% Mar. 4 Apr. % Jan. 2% Jan. 32% July 3% June 25% June 9 Mar. 6% Jan. 5% Jan. 32% Mar. 2% Apr. 9% Mar. 4 28 5 14 28 18 19 28 25 7 13 18 4 25 22 2 16 3 4 16 24 2 Jan. 6 18% Jan. 1 % Jan. 33% Jan. 4 18 20 20 8 Jan. 3 Mar. 11 16% % 22% 15% 5% 28% Jan. 6 4 Jan. July 25 July 24 3 Jan. 9 Feb. 16 Jan. Jan. 21 8 2% Apr. 5% Apr. 11 % Jan. 19 2 June 30 % Feb. 24 % Feb. % Jan. % Jan. 4% Jan. 9% July % Jan. 5% Mar. 7% July 7% July 1% Apr. 1% June 3 Feb. 12% July 21 11 16 Apr. 22 45 68 20% July 28 8% July 14 2 Jan. 7% Jan. 20% July 28 14 5 1 3 19 8% July 35% July 14 July 5 July 14 10 28 19 July 5 % Juiy 3 1 July % July 20% July 2% July 15 7 3 18 22 Jan. Apr. 10 30% Jan. 25 10% Apr. 26 4 Jan. 18 % Apr. 16 6 11% July 10 July 18 July 63 July 22% July 22 11 6% Apr. 14% J an. 40% Jan. 11 Apr. 12% Jan. 14% July 12% July 11 12 16 July July 18 12 6% July 28 6 % July 28 6 12 14% July 22 9 6 13 __ 18 7 9 24 Jan. 16 7 May 27 July 27 36% June 26 15% Jan. 4 6% June 19 Apr. 28 % June 16% Apr. 2% Feb. 1 Jan. July 28 1% Jan. 27% July Jan. 25 18 28 31 4 22 10 Jan. 11% July 24 1 8 July 17% July 20 8 50 July 17% July 10 31 2% Feb. 6 July 28 % July 7 27% July 28 2% July 18 July 17% Jan. 3 12% Feb. 16 2% Jan. 5 32 July 14 6 3 4 25 28 Jan. 12 3 7% Feb. 12% Jan. July 20% Mar. July 63 22% July 13% Jan. 12 1 7 10 25 May 13% Apr. 112 28 31 4 June 27 20 Feb. Feb. 14 Mar. 11 109 15, Jan. Feb. 5 7% July 35% July 12% July 5 July 18 3 25% July 31 June 26 4 Mar. 9% May 31 Apr. 69% Jan. . 25 Mar. 30 5% Jan. 18 Apr. 11 3 10% July 15% June 29 36 Apr. 5 3% Apr. 11 5 Feb. 16 74 Mar. 8 29 Jan. July 31 July 31 July July July July 1 July 1 July 3 July 12% July 18% July 3% 9% % 3% 7% 7% 26 12% 18 Apr. Jan. July Jan. 68~4 Jufy~27 20 5 13% Jan. 11 4 37% Jan. 12 July 18 27% Feb. 28 3 24 54% July 5 30 4 Apr. 4 9% Apr. 8 16% June 30 25 22 13 5 24 18 31 3 9 11 Apr. 2% Feb. 40% Jan. 41% Mar 1% 7 1 2 July 6% July % July 2% July 6% July 6% July % July % July 2% July 11 July 16% July 3 July Apr. 60 Jan. 11% Feb. 3% July 47% July % Jan. 51% Mar. 6% Jan. 8% Jan. 8% Anr. 11 9% May 8 1 June 26 1 Mar. 13 3% July 27 Jan. 8% 4% 4% 6% 7 34% 10% 23% 22 14% Jan. 20 4% Mar. 23 15 15 63 Jan. 21% Apr. 9 Apr. 18% Apr. 16 3 12 16 11% Apr. July J 8 July 28 July 18 July 31 26 5 Jan. 53% 11% 3% 47% 10 22 6 2 5 28 6 3 11% July 25% July 10 July 22% July 4 Jan. 6 12% Sale 12 24% 10% Apr. 10 Apr. 24 3 10 14% July 11% 29% 11% 105 17% 15% July 22 July 1 July 22 3% July 27 15 46% July 11% July 2% July 42% July 12% 25% 10% 22% 11% .... 12% 13 7% Sale 14 4 59 6% 20 6 15 50% 52 10% 11% 2% 3 47% Sale 48% °5 4 1% Oshkosh B'Gosh Inc— •• 44 * Common stock-: 10 6,826 National Union Radio com 1 5,100 Noolitt-Sparks Ind Inc cap. .5 23,700 20 8,650 North American Car com * 250 Northern Paper Mills com 3,300 Northern 111 Finance 7% 2% Sale Sale 5% Sale Sale 27 Metrop lndust allot ctfs 180 - 49% Sale 1 La Salle Ext Univ common—5 14% 14 3% 14% 3% 60 10 Indiana Steel Prod com Inland Steel Co capital. $6 preferred ---* Iron Fireman Mfg Co v t c—* Jarvis (W B) Co capital.. 1 New capital 1 Jefferson Electric Co com * 14% 43 11% 23% 3 64% 46 12 Sale 23 250 Lawbeck Corp 6% cum pref 100 * 9,980 Leath & Co common Cumulative preferred—— * 900 28,300 314,830 7,350 14,300 41,590 23,860 47,402 15,880 1,030 4,550 2,550 1,000 11 37 12% 3% 14% 14% 45 2H 3 29)4 Sale % Sale Sale 5,550 Kentucky Util jr cum pref..50 6% preferred 100 990 1,700 Ken-Rad Tube & Lp com A—* 5 9,550 Kerlyn Oil Co common A 11,370 Kingsbury Brewing Co cap.—1 40 Sale 21 Internat Harvester common--* 12% 14 3% Sale 13% 14% 2% 2% 62 14% 58 % 20 1,140 19,900 22,510 2,150 1,500 Joslyn Mfg & Supply Co com.5 1 17,260 Katz Drug Co common * 29,600 Kellogg Switchboard com Preferred ; 100 370 6,500 13% 59 * 180 Interstate Power $7 pref 700 2 4)4 10 2% Indep Pneum Tool vtc 530 16,310 9)4 12 % Illinois Central RR com—100 10 «... * Class B * 15,753 1,710 Hubbeli, Harvey, Inc com—5 1 21,657 Hupp Motors common— 70 «. * 1,000 Hormel & Co (Geo) com A Houdaille-Hershey— 12 4 12 6 June 19 27% Jan. 11% Apr. 7 17 16 25 7% Mar. 8 30% Mar. 29 15% Jan. 9 CHICAGO 56 AOOREOATE SALES In Since •» mm «• STOCKS 1939 Par 3id com—--* _-_l00 — 100 1,543 1,349 110 900 50 230 700 1,440 50 640 340 100 750 500 110 1,040 T.900 650 5,175 600 70 200 10 3,500 Peabody Coal Co B 40 6% preferred 3,050 Penn Elec Switch conv A—10 -* 2,500 Penn Gas & Elec A com 12,039 Pennsylvania KB capital----50 9,059 2,240 2,900 11,500 2,901 2,600 15,205 Peoples Gas Lt & Coke cap 100 Perfect Circle (The) Co * Pictorial Paper Pkg com 5 common—1 Poor & Co class B -* Potter Co (The) common 1 Pressed Steel Car common—1 5% convpref 50 50 1,050 Process Corp common—_ — * * 5,440 Quaker Oats Co common Pines Winterfront --100 10 Preferred 1,890 1,050 Rath Packing common 3,300 Raytheon Mfg Co com v t c 50c 6% preferred v t c 5 2,050 1,570 Reliance Mfg Co common—10 Rollins Hosiery Mills— Common -1 51,340 220 Ross Gear & Tool common---* - - '7,300 8,700 29,620 4,220 * Sangamo Electric Co com Schwitzer Cummins capital—1 * Sears Roebuck & Co com Serrick Corp class B common_1 Co pf—30 300 Sou Colo Power A common..25 350 Southwestern Lt & Pow pfd__* 50 1,150 6,500 2,143 750 950 2,070 2,526 115 9,750 1,546 26,975 1,780 1,450 14,967 Standard Gas & Elec com * Stand Oil of Ind capitalStein & Co (A) common 25 * Sterling Brewers Inc common. 1 Stewart-Warner Corp com—5 10 2 150 Storkline Furniture com Sunstrand Mach Tool com—5 7,940 38,197 Swift & Co capital stock 17,263 Swift Internacional 5,436 8,100 15,003 14,610 3,159 35,750 5,750 8,800 Thompson (J R) common Trane Co (The) common U S Gypsum Co common Utah Radio Products 60 210 250 4,935 50 3,710 80 1,916 981 300 10 15 25 2 20 1 com 20 850 25 Union Carbide & Carbon cap.* United Air L Transp capital. .5 Utility & Ind Corp common. Convertible preferred 170 Viking Pump Co common 250 27*6 433 Sale 9 4 Sale 15 16M % Sale 14% Sale % 41 44 h L17 X L52 26% 1X. h 10k ix Sale 29 2 _ - 5 7 * X 11 x IX L03 7,972 Wieboldt Stores Inc com 2,500 Cum prior preferred 60 1,750 Williams Oil-O-Matic 90 Sale *58~" ~80" 11 12 ■134 3% 28 X 2 3k Sale 10 12% 2k 3% 12 M Sale 5 6 8% 18 X 27 X Sale Sale Sale 3% Sale Sale 15 90*6 Sale 12 h Sale 110 X Sale 2% Sale X 20 H com * * 1 Sale 143 X 160 51X Sale 32% 23% 118 8% 80 Sale 1834 3733 2533 434 33 1033 33 834 1834 39 28 434 Sale 1134 33 9 34 33 33 12 133 134 133 31 833 7833 133 3133 1% Sale 12 10 1834 133 107" Sale 934 "1034 32 73 70 0k 133 933 134 234 2433 3 25 9 2% 7 "333 Sale 6 533 8 1733 2433 31 1334 933 1934 109 Sale Sale 2534 3 1233 1034 134 3 2533 1134 234 834 534 8 17% 2633 334 1534 8233 10 81 86 9131. 234 % 133 # 48 Sale 2133 1733 119 92 133 3133 18 133 July 27 834 7433 133 26 15 12 13 1033 1733 1933 133 Sale "I§" 79 15 1 9 Sale 75 73 1034 133 34 July July July 2934 July 133 July 3-3 July 934 July 34 July July July 2934 July 134 July 33 July 1133 July 1 107 9234 1034 17 July July July July July July July July July July July July 133 July 24 1 1233 134 V* 16 k 38% 1% 133 Sale 22% 16634 53 % Sale 25 2333 2733 18 - Sale 133 334 Sale 2434 July 9 634 834 Sale 27 2534 July 29 24 333 July July July July July July July July July July July July July July July July July 8 July 90 July 3 34 July 1434 July 7233 July 10 33 July Sale Sale 8233 July Sale 133 July 33 34 July 133 134 July 18 1634 July 39 July Sale IX July 21 Sale July Sale 16634 July 48 Sale July 23 33 July 27 Sale 1633 July 111 9433 July 6 Sale July 90 95 July 334 1634 24 16 8433 1334 9433 233 34 133 16 34 3934 133 23 33 16634 5533 2533 2733 11034 Sale 94 7 109 6 90 90 95 90 1 2 1 43& 4 34 433 434 434 25 28 18 13 24 25 18 25 18 24 11 25 19 19 27 6 31 22 12 31 25 2 Sale * 2% 3 2 4k 5% Sale 5k 8 Mar. Apr. Apr. Apr. July 9 11 11 10 11 Mar. 30 Anr. 11 Jan. 5 Apr. 17 934 June 30 4 3233 Apr. 65 May 29 9 Apr. 8 233 July 934 July 6 July 834 July 1833 July 2733 July 3 234 July 7 July 6 July 734 July 1733 July 2433 July ll* 104 88 July 1033 July 133 July 31 19 3lA Feb. 16 Mar. 14 134 June 23 1 233 Apr. 23 33 Apr. 12 1034 May 10 233 Apr. 13 Apr. 11 534 Jan. 7 Apr. 17 Apr. 24 33 July 3 7 12 10 7 534 Feb. 24 4 2433 Jan. 6 40% Feb. Mar. 9 June 16 Jan. Jan. Jan. Jan. 10 4 3 5 June 15 Jan. 27 July 31 Jan. 20 Mar. 14 Jan. 12 Jan. 23 July 18 Jan. 6 1933 Jan. 26 8 May 29 834 May 15 1633 Apr. 10 1 July 20 15 334 10 1633 8 73 72 July 933 July 134 July Apr. Sale Prices Jan. 10 1534 May 24 30% Apr. 11 24 Apr. 10 20 5 334 Feb. 17 34 Apr. 10 % 1 833 July 33 June 13 633 Apr. 8 1433 23 34 June 15 2334 33 June 16 33 10834 Apr. 10 125 149*4 June 28 157 27 Apr. 5 30 6 2 33 Apr. July 8 834 May 16 1133 2233 733 6036 133 2234 3134 July 9 July 8033 July 133 July 29X July 14 July 1033 July 1933 July 133 July 109 July 9234 July 1334 July 3633 13 21 1 35 7233 3934 133 90 91 18 27 24 13 17 25 12 18 156 1% 834 93l July July July July July July July July July 30* Highest Feb. 7 1 13 34 Feb. 3 May 11 125 1034 74 k 433 33 1134 33 119 0k 733 7434 13-8 27 150 9 29 1933 38% 3433 July 25 July 433 July 34 July 833 July 33 July 733 July Sale ls/s 27 3 July 1633 July Sale IX 31 19 27 23 32 134 33 58* % July 19 3 4 3 119 X 125 156 160 29 % July 1533 X X 118 31 * 1 912 Wayne Pump Co capital Western Union Teleg com. .100 8,654 West'house El & Mfg com 50 24 4 105 78% 15 X Wahl Co 70,297 20 12X 39 390 Ward (Montgom'y) & Co ci A * Common * 8 Sale Preferred common 3,950 27,0/5 Walgreen Co common nA 7 - 2% Sale 19 H 21X 24% Sale 0 k Sale 73 X Sale 2% Sale 9H 4% X 83-3 148 19 2 17,655 Spiegel Inc common 10 151 Sc Joseph Lead capital 540 St Louis Nat Stockyards cap__* 8,100 Standard Dredge conv pref__20 Common 1 12,200 1,809 25 * 770 Sivyer Steel Castings com South Bend Lathe Wks cap.-5 1,850 10 "T.ioo Sale 15 X 1,380 Southw G & E Co 7% pref__100 3,738 Sale Sale 3% 16k Sale 3 % Lowest Sale Prices 60 14 2% 16 X 34 % 15 - 2,565 v 26 4 * Common 110 1,300 1,400 3% 24 k 38 X 20 50 15 14 Highest Sale Prices *A % 30 Lowest Ask Ask Bid Bid h Sale 28 4,000 •• % 15 J* 25 700 Signode Steel Strap 550 50 "165 Ask Sale Prices July 31 July 1 50 Shares 100 M 1 Price Jan. 3 Jan. 1 Shares RANGE SINCE JAN. PRICES IN JULY CHICAGO STOCK EXCHANGE July EXCHANGE STOCK 32J4 Mar. Mar. 14 10 8033 July 18 Jan. 4 2933 July 1533 Jan. 27 3 1033 Mar. 4 9 Mar. 6 133 Jan. 109 July 9234 July 1633 Mar. 42* Jan. 16 20 Feb. 1333 233 3% 2934 24 10 7 16 20 Feb. 2 Jan. 21 Jan. 19 Jan. 10 1234 Mar. 13 2% 1233 634 1034 10% 2834 Mar. 13 Jan. 5 Feb. 2 Mar. 4 Mar. Jan. 19 Feb. 17 3% Jan. 3 16 16 July 25 4 9033 Jan. 13% Mar. 4 Apr. Apr. 733 Apr. 77% Apr. 134 Apr. 34 Jan. 133 Apr. 1534 Jan 3833 Apr. 33 Feb. 1533 Apr. UK 66 5 112% Jan. 2% June 15 % Feb. 6 1% Feb. 6 1833 Feb. 3934 July 134 Apr. 21 2333 July 171 153 May 4033 Apr. 22 Apr. 1634 Apr. 83 34 Apr. 6 July 8033 Jan. 2 Apr. June 19 19 6 2 55 33 July 22 3 32% Jan. 27% July 31 5 110% Jan. 10 Mar. 11 90 May 23 2*3 Jan. 11 Wisconsin Bankshares— 2,750 700 590 300 300 19,850 • 21,600 5,800 5,098 1,600 4,623 102,450 No par value, Common Woodall Indust common Wrigley (Wm Jr) Co capital-_* Yates-Amer Mach capital .5 Yellow Cab Co Inc (Chicago).* Zenith Radio Corp common. _* x Ex-divldend, "Ik "IX 8% 20% 9X Sale 3 7933 134 8 1733 333 8233 133 9 Sale 83 134 8 1933 Sale 85 133 934 Sale 4 July 3 ' July 82 July 134 July 9 July 1733 July 12 12 17 3 18 1 433 434 8533 134 934 2034 July 26 July 31 July 18 July 3 July 24 July 28 3 33 Apr. 3 Apr. 18 533 Jan. 534 Jan. 8533 July 19 18 18 7433 Apr. 1 k July 11 11 3 Feb. 1 5 Jan. 13 933 Jan. 12 Apr. 11 2233 Jan. 20 4 2 RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE ' Stock Sales Shares_ Jan. lto July31___ __ 1938 40,479 319,836 65,696 345,771 July 31 AGGREGATE BONDS Jan. 1 loo",6o5 100,000 100,000 1,100 100,000 244,000 54,550 4,500 1,000 6,500 1,000 1,903 157 Ask Bid Ask Bid Ask 400 City 3 %s Four Million 1945 100,000 City 4s Public Park ,1955 100,000 City 4s Harbor serial 1957 100,000 City 4s School House 1957 1.300 City 4s Dock Impt 1961 100,000 City 4s School House____ _1961 1,067.000 Bait Transit Co 4s flat 1975 A 5s flat 294,250 1975 B 5s 56,500 1975 17,000 Finance Co o lAmer 4%__1942 103,000 4% 1947 2,000 Ga Caro & Nor ext 1st 6s__1934 2,000 Georgia Marble Co 6%-.1950 7,000 Ga Sou & Fla Ry 5% 1945 2,000 Interstate Co 5% 1945 1,000 5% 1946 5,000 5% 1948 3,000 5% 1949 2,000 5% 1950 9,000 Read Drug & Chem 5%s__1945 2,000 South Bound Ry 1st 5s Shares Bid 120 20 Sale 22% Sale 82% 100% 101 90% 97 23 24 26% 27 27% 31 % 88 101"" 101 —— 102% 103 100% 80 Sale Sale 89% 120 121 121 121 July July July 128% July 124 % July 23% July 26 July 84 July 128% 124 % 27% 31% 87% 101 July 101 101% July 103 July July July July July July July July July July 28 Sale Prices Sale Prices 108% Jan. 27 108% Jan. 27 July 28 120 July 28 120 28 121 28 121 28 25 121% 124% 19% 22% 83% 27 101 14 96 28 31 31 * 50 1,505 7,756 Bait Transit Co com vtc 1st preferred vtc 9,873 * * 99% "'"470 """288 " 1,325 50 330 220 243 1,026 Black & Decker * common 265 Brager Eisenberg Inc com 5,583 Consol Gas EL & Power 4,879 5% preferred 893 4%% pref B 3,336 Davison Chemical Co com 5,226 Eastern Sugar Assoc com Preferred 2,339 3,626 Fidelity & Deposit 1,825 Fidelity & Guar Fire Corp 1,927 Finance Co of Am class A — 125 380 Class B 100 100 1 20 10 5 Mar. 15 101 19 Preferred 100 101 Jan. 100 100 101 Feb. ... 100 28 Apr. 3 Apr. 15 102% Mar. 12 May 10 May 10 ... 101 101 ... 102 102% 102% 102 % July 14 102% July 14 99 3,310 2,400 1 53 163 335 407 common v 42,886 Mar Tex Oil Common class A 9,363 2,344 Martin (Glenn L) Co com 14 Maryland & Pa RR com , 20% Sale 31 35c 21 22 Sale 21 22% 21 Sale 19% 20% July 18% July 1.50 25c 1.90 Sale Sale 21% 70 July 1.35 July 115% 78 Sale 82 Sale 12 20 19% Apr. 14 17 Apr. 10 15% Apr. 10 28 31 25c July July 20 78 July 1 19 July 24 82% July 28 Sale 120 120% 118% Sale 118 July 5% 12% 119 32 10% 5% 14% Sale 35 11% 4% 14 125 9% 9% 5% 3% 16 Sale Sale 130% 31 9 4% 4 14% Sale" 124% 30% 32% 8% 9% 27 120 July 11 4% 14% 130% 31% 9% 9% July July July July July July July 10 July July 31 18 July July 20 19 11 July 16 Mercantile Trust Co 10,577 39 191 7 70 11 7,595 78 * 7 Real Estate Trust Co 359 Seaboard Comm'l com 191 5% preferred 86,201 U S Fidelity & Guar 542 Western National Bank No par value, x 19 19% 19 25 Sale _____ 100 21 25 100 Sale 19 July 1 21% July 17 100 Jan. 60c 35% 65c 50c Sale 50c 40c July 7 100 July July 17 24 60c 60c 21 263 14 7 28% 21 1.05 1.00 July 22 37% 35 July 24 263 27% 13 35 13% 27% 28% 1.00 27% July July July 1.10 36% 40 July July 28% July July July July July July 39 11% 12 13 13% 1.15 Sale 82% 14% 1.50 83% Sale 1.60 14 6 Jan. 19 82% July 28 Jan. 12 17 6 121% 8% 6% 15% 130% June 26 4 11 8 19 27 14% July 1.50 July 12% July 1.35 July 78% Sale Feb. 27 Feb. 18 Mar. 10 50c June 40c July 24 27% Jan. 24 % Feb. 17 Jan. 4 Jan. 9 Jan. 4 July 12% 39% Sale 34 23% ----- 38 Sale 39% July 20% July 33 July 65 July 13 July 39% July 23% July 33% July 20 28 29 19 Ex-dividend II 100 65c June 2 25 6 Mar. 23 8% Jan. 6 Mar. 15 30c 3 1.40 Jan. 1.40 Jan. 11 3 35% Jan. May 20 July 21 263 Mar. f.oi June 23 45 4 July 12 Feb. 7 Mar. 15 44 Jan. 73 Jan. 67% Mar. 65 July 12% Apr. 36% Mar. 16% Apr. 31 6 2.00 Jan. 26 Jan. 31 19 20 28 7 3 20 8 83% Jan. 21 79% July 13 Sale 19 10% Mar. 6 Apr. 18 Apr. 14 May 25 10 8 85% July 10 Sale 35% Jan. June 14 May 25 24 1 July 19% 2 3 31 20 15 Apr. Apr. Apr. 7 65 31 5 July May May 22 16% Apr. 1.00 Feb. July 77 100 20 Jan. Mar. 30 12 95 50 2 19 50 20c 12% 37% 20% 21 10 21 224 13 19 12 25 1.00 25 22 35 42% 10% 31 83% July 85% 77 2.10 Jan. 3% Apr. 28 5 22% Jan. 20 7 100 10c Sale 15% 16 25% Sale 24% Mar. 10 3 31% Jan. 15% Apr. 10 70c July 28 117 4 5c 1.40 Sale 7 22 6 __50 30 71 112% Mar. 116 May 5% Apr. 4 Apr. 12% Apr. 112 Apr. 29% Apr. 8% July 9% July 20 ... 40c 2 33,122 New Amsterdam Casualty 30,161 North Amer Oil Co com 635 Northern Central Ry 10 1 3,525 Owings Mills Distillery * 1,382 Penna Water & Power com 116 Phillips Packing Co 5 % % pf 100 11 2% Apr. 17 16 Apr. 17 16% Mar. 22 50 * 1 100 June 21 1.20 Apr. 2 Feb. June 2 6 2.00 Jan. 25 Mar. 30 9 * 1 14 101 22% July 20 July 1.90 July 18 22 ----- 31 101% Feb. 28 101% Feb. 70c 3 13 100 3,263 Merch & Miners Transp * 2,377 Monon W Penn PS 7% pref_25 1,233 MtVern-Woodb Mills com. 100 Preferred 100 2,093 65 National Marine Bank "5", 184 t 1st preferred 2d preferred 102 12 100 new 134 Mfrs Finance 244 31 Mar. 15 100 6 """12 Mar. 28 Jan. ... 2 Georgia Sou & Fla 1st pref-100 130 Guilford Realty Co com 1 2,109 June 21 100 99% 99% 99% 101% 5 6% preferred 100 24,923 Houston Oil preferred 25 6 Humphryes Mfg Co common. * 1 101 101 1 1 Mar. 28 July 14 15% Mar. 20 80 45 100 50 * 28 17 103 June 21 100% May 762 Benesch & Sons Co Inc com__* 13 Jan. July July 28 July 28 July 28 July July 31 Apr. Aor. 12 31% July 31 May 9 87% July 25 9 Jan. 12 102% Feb. 100 30 Atlantic Coast Line RR comlOO ""889 28 121 28 121 7 128% 28 124% 27% 10 100 par 20,957 Arundel Corp 1,662 Atlantic Coast L (Conn) Mar. July July 15% Mar. 20 80 45 95 1941 STOCKS Shares Highest Sale Prices 121 Highest Lowest Lowest Sale Prices July 31 July 1 1939 BALTIMORE CITY BONDS- $ 9 1 Price Jan. 3 Since July RANGE SINCE JAN. PRICES IN JULY BALTIMORE STOCK EXCHANGE SALES In $137,900 891,650 $313,050 1,568,050 July Jan. 1 to 1938 1939 Bond Sales 1939 July J an. 6 4 May 31 14% July 31 1.50 July 12 88% Mar. 10 30c Apr. 20 84% Mar. 10 June 24 23 100 20 11 65 July 13% Jan. 30 24 39% July 7 20 8 23% Mar. 10 3 33% Mar. 24 Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales July 1939 Jan. 1 to 1938 315,484 524,858 2,691,606 2,824,871 Shares * July 31. AGGREGATE SALES July Jan. 1 PRICES BONDS 252,000 East Mass Series B 107,900 Series O 13,300 Series D 16,650 1939 ~ 8~,868 306 54 100 2,746 2,017 546 1,982 41 St RR 506 729 16,689 7,516 766 214 l,51u 71 1,677 155 141 30 1948 (stamped) 2,886 313 64 790 130 491 780 7,299 1,731 Boston & Providence .100 2,125 Brown & Durrel Co common 4,757 Calumet & Hecla 25 155 Century Shares Trust. 1 _ __ 11,265 Copper Range Co 1,435 243 50 32 040 V 55 70 280 575 44 50 75 100 5,563 """30 69 50 382 2,497 446 Sale 2% Sale 22% 1)4 8)4 Sale IK Sale Sale Sale 44 16% 17 1)4 % 6% IK 1% 1)4 IK 1)4 IK IK IK 12% 50c 37Kc 13 15 15% 2 Sale 167% 2.50 100 Certificates of deposit. 840 *5,332 Old Dominion Co 2,666 Pacific Mills 17 K RR 25 Reece Button Hole Mach 10 Reece Folding Mach Co____10 Shawmut Assn TO stock. * com 2d preferred. Torrington Co (The) * Union Cop Land & Min Co__25 ;_5 52 cum preferred 25 Utah Metal & Tunnel. 4,938 Warren x 1 1 100 * Bros 352 Warren (S D) & Co 100 __50 248 92 Feb. July 3 91 Jan. 80 IK 4% 23 % 2 5% 25% * common. _ * 11 It Apr. 8 Sale Prices 94 June 19 96 June 17 17 103 9 102 Jan. 1% Jan. 32c 12 July July 11 101 June 14 July 11% July 77% July 155 July 47% July 18 July July 2% 1% July 17 3 July July July July July July 1K Julv IK July 2 IK 5%. 24% % 6% 26% 5 10 6 1K July 26 12 5 21 6 3K July 5 1K July 15 4 1 % 26 2 Jan. 25 25 4% July It 1% July 28 31 29 5 6 60 12 28 20 7 13 Jan. 1)4 68% 18 14 22 1)4 5% 1)4 20% Sale Sale 1 « Sale 19 20 24 17 Sale 21% 4K 30 15c Jan. 16 21 Sale 13 1 1% 65 19 "55c ~ 1% 5% 6% 2K 5)4 1% 6 Sale 3% 29 25c Sale 25c 15c 25c 15c 10K % 14% 5K 20 10 1 1 6 11 Sale 2% ~14~" Sale 75c 18 5% 19 5K July Sale 15% 5% 17 6% 17 Sale 2% 3 20 4% 4% 55 Sale 1% 25 113K 45 1% 26 Sale 55 1% 30 K IK 32 Sale 118% 55 60 i« Sale Sale 33c* Sale 25c Sale 51 55 1% K 25c 1 24c 14 K Sale 24% Sale 3 3K 15 17K 2 1% 10 K Sale Sale 75c 25c 26c 10 11 12 13 Sale 18 18% IK 9K 16% % 18 16 16% 1.00 16 1 % 9% 10 1 16 *"!"% 10% Sale 1 10% 12% 80c 55c 47 K 35 44 36 25 26 25K 26 28% 10c 24 22 50c 30c 60c 19 "20"" 80 81 44 75c 80c 2 K 80 6% 2% 22 K 7 7 25 18 c, X* Sale Sale 1 9% 9% 75c July July July July July July July July July July 25c 26c 12 K 19% 1 % 17 1% 10% 13% July July July July July July July July July July 3 28 K July 21 86% 48% 65c 2 84 ""6 % 2% 7% 2% 23 1 22 Sale 70c 2% 89 Sale 2% 25 20 July 80 July 43% July 65c 2 83 July July July 6 July 2% July 78c 3 2% July 26 31 25c Jan. 31 Mar. 15 25 Apr. 27 % Apr. 14 13% Jan. 25 4% Jan. 11 10 Apr. 8 2 Jan. May 19 3 Mar. 31 3% Jan. 4c Apr. July 4 Jan. Anr. 4 6 6 29 July 60c June 15 25c Jan. 31 17 Feb. 17 3 2% Jan. 16 July 21 6% Mar. 9 18 Jan. 5c 2 32 Mar. 20 Jan. 13 July 8Gc Jan. 40c Apr. Feb. 1 July 8% Apr. 8% Apr. 35c Apr. 45 K Jan. 22% Feb. May 17 Feb. 71% Apr. 41% Apr. 50c Apr. IK Jan. 69% Jan. 5% Apr. IK Mar. 23 10 27 14 2% July 22 May 5 3 22% Jan. 5% June 12 11c 10 119% July Feb. May 24 58 2 2 July 7 July % June 13 1M Jan. 30c J an. July 10 14 31 J an. l9 Feb. 27 9K Mar. 31 15% Apr. 11 % June 28 July July July 7% July 2% July. 17 2 Jan. 8 June 20 July 87K July 48% July 84 VH Feb. 23 3 10 Jan. 11* 3 32% Mar. 10 20 17 Mar. 22 Jan. 20c 20 5 7 17% Mar. 13 Mar. 22 5% Apr. 10c Sale 25 24 20c 21 7 11 Jan. 26 27 22 14 14 6 22 25 8 Mar. Jan. Jan. 30 June 29 44 25% July si* *lH 7 Mar. 35c 80c Sale May 12 27 14 10c 43 2 18 Jan. 68 8 57 JX 26c 40 85% Sale 42% 43 Sale 70c IK 2K 67 K 70 6 K Sale 3% 4 113% July 55 July 2 July % July 30c July 26c" "30c" 55c 80c 23 36c July 30c July 5c 25 6 4% May 25 7% Mar. 6 12 17 28 Jan. 6 IK Feb. 5 8% Jan. 23 May 24 4 10c 1% July 32 July 119% July 55 July 2 July % July 37c July 23 4 5% Apr. 1% Jan. 1% July 2% Mar. 3 July 25 15 Mar. 28 20 2t 26 31 7 17 3 Mar. 10 Mar. 8 Mar. 29 Mar. 9 Mar. 1% July 6 July 6% July 2% July 29 July 60c July July 5% July 5 8 Mar. 8 Mar. 9 Mar. 10 Mar. 9 77 26 1 % July 5% July July 2 July 26 July 50c July 20 16 Jan. Feb. Jan. 18% July 4% July Jan. 3 Apr. Jan. July 3 16 July 21 6% July 6 17 July 29 2% July 22 31 Mar. 3 14 1 8 July 15 6 18% Apr. 27% Apr. July 14% July 6 % July 14% July 2% July 28 20 Feb. 4 20 1 July July 12% Jan. 1% Mar. 1 15 IS 6 Mar. 11 Mar. 10 Mar. 9 Jan. 6% July 24 51 "90c" • 20c 17 33c 16 17 17 June 15 17% July July 30% July 10c 2K 14K Sale Apr. 24 25c 19 Feb. 1 17 July 21% July 28% July 12 25c Sale 3K 4 July 17Kc 50c 17 July 9% July 1% July 73% July 20% July 4 July 4% July 30 22% 24 1% 21 16 K July 3 K July Sale 4 35c Sale 15)4 65 17 6 July 16% July 6% July 1 July 67 Sale 23% 30% 6K 2K 1 23 17% 3% 22 %\ 3K 25)4 15 2 10 9K 20 2% 1% May 12 3% Apr. 10 20c 40c 1% 17% IK 5% 5K 2% 25K 2 6% 4% 16 27 Sale VA 71 3K 4K 22K 4 32% 8 40c Sale 4% 4 Mar. 11% 3% 2% 3% 3% 3% 2% 16 1% May 8 10% May 11 9 May 8 1% Jan. 5 4% Apr. 11 23 May 24 July 16% July 1% July 6% July 20c 4 Mar. 2% Mar. 10 2% Mar. 9 1% Jan. 1% July 1% June 26 14 27 3 May 25 10 170 1% Jan. 11 1% May 27 1% June 27 12% July 15 July IK July 5% July Feb. 2 15 % Jan. 1% July K Feb. li .4 6K 1% 1% 1% 60c 9 % May 13 1% 20% May 31 26% 67 Apr. 17 90 11% July 11% 70% May 89% xl2t Jan. 155 38% Apr. 56% 16 19 Apr. 90 71 17 11 Jan. 147 K Apr. 168% July % July 157% July K July IK ..... 7% Sale 1% 2% 2 1% 1% 2% 2 IK' 1% 2% 2 IK IK 2K 2 IK 15 14K 18 15% 2 5)4 60c 25 Quincy Mining Co 6% 1/ July 1% July 82% July 11% July July Sale 143 K July July 46% 44 17 18 July Sale 75c 2 16% 13 106 K ..100 Union Twist Drill United Shoe Mach Corp 3 3 July 33c July 1 % July 12 11% 77% 154% 45K 100 No par value 1 Highest July July 25 24 6% Sale * 100 100 18,039 1,575 2,183 36,176 3,959 42,760 July July 15 4 2 32c IK 1%. 12 2 Sale IK 100 N cap 93 % 24 5 95% 13 103 19 102 Lowest Sale Prices 80 Apr. 12 100 % May 87 K Sale 42 12 % * Y N H & Hartford 5,635 88,516 North Butte. 20 Northern RR (N H) 4,177 Old Colony 26,717 Pennsylvania 90 % July 94 July 100 99 1 Common 305 • 19 146 24 30c 13,621 New England Tel & Tel 381 New River Co 6% pref 18 16c 25c 1,160 National Ser Co common 1,285 National Tunnel & Mines N E Gas & El Assn 1,345 pref 157% Sale 75c Sale * 975 Venezuela Holding Corp 347 Vermont & Mass Ry Co 3,146 Waldorf System Inc 51 SINCE JAN. 68 1 155 Int'l Button Hole Mach Co. .10 15 5,346 Isle Royal Copper 324 Loew's Theatres (Boston) 25 100 3,297 Maine Central 50 3,155 250 98 95 IK 15 25c" "i" Sale Class B 1,363 4,200 Helvetia Oil Co tr ctfs 2,424 Suburban Elec Secur 558 Sale 12 5)4 * 32,085 Stone & Webster Inc 5,218 Sale * Preferred 2,640 ""loo Sale Sale Sale * 50c m 12 1 67 20 % 3% Preferred 3,464 1.9 Sate 100 100 4,591 2,802 1,754 15,363 220 342 53 2 100 B 32c 1)4 Sale 1)4 100 100 60c 12 2% % 6% 2% 1)4 2% 1)4 * 410 Economy Grocery Stores * 8,693 Employers' Group Assoc T C_* 963 General Capital Corp * Georgian Inc (The)— 8% cum class A pref 1,842 20 * 1,568 Gilchrist Co.. * 6,799 Gillette Safety Razor Co 882 Hathaway Bakeries class A * 13 Highest Sale Prices 103 Sale 3% 13 327 _ 130 52 % 18 50c 22 K 20 101 71)4 31,587 Narragansett Rac'g Assn Inc.l 1,895 103 82 % 140 165 102 80 1,764 '""450 101% Sale Preferred 5%. 100 1,115 * 8,875 Mass Util Associates vtc 520 Mayflower Old Col Cop Co. .25 4,713 Mergenthaler Linotype * 230 967 Sale 91 96 103 82% corn.. Co Adjustment. 13,185 Eastern SS Lines, Inc 878 94 95 Sale 1% Sale 24% 25% 5% 25c 25 3,436 Eastern Gas & Fuel Assn 9,881 4)4% cum prior pref 6% cum preferred 4,916 2,931 East Mass St Ry Co First preferred3,043 Preferred 93 Lowest Sale Prices Ask 102 IK 10 149 K 100 preferred 100 1st pref stpd 100 1st preferred class A _100 Class B 1st pref stpd 100 1st preferred class B 100 Class C 1st pref stpd 100 1st pref class C 100 Class D 1st pref stpd 100 Class D 1st preferred .100 Boston Personal Prop Trust. * 453 """25 32c Class A 4,196 8,971 Ask Bid Bid 101% Prior 1,197 East Boston Sale 82% 88% 88% 100 25 2 Conn & Pass Riv RR Co pref 100 ""670 RANGE par 14u Cliff Mining Co 855 IN JULY July 31 July 1 Ask 1948 Preferred 3,334 440 6s Common 138 55 1948 __ 206 "843 A 4%s '48 ..1948 ser 3,586 American Pneumatic Service. _* 4,811 6% non-cum preferred 50 First preferred 1,025 50 75,204 Amer Telep & Teleg 100 3,125 Assoc Gas & El Co class A. _1 101 Bigelow-Sanford Carpet com.* 399 6% cum pref 100 100 Bird & Son, Inc * 16,699 Boston & Albany 100 17,262 Boston EdisomCo 100 10,222 Boston Elevated. 100 6,606 Boston Herald Traveler Corp.* 210 Boston & Maine pref stpd__100 20 491 84 5s STOCKS Shares Bid 6s Series E 6s_ 9,00( 120 July 31 1938 $24,750 122,800 Jan. 3 Par 305 1939 $96,050 399,850 Price Since Shares Jan. 1 to BOSTON STOCK EXCHANGE In 70,000 15,700 5,400 3,950 Bond Sales July---. 58 Feb. 1% Jan. 14% J an. 24% Jan. 3 17 Jan. June Jan. 28 18 1 7 4 3 18 3 17 14 3 3 9 7 11 i\* 11? Mar. 9 8 14 Jan. 4 Jan. 6 12 45% Jan. 12 14 29 June 14 6 16 14 8 8 17 12 11 31 Mar. 18 12c 9 Mar. 17 24% Apr. 27 87% July 25 48% July 28 85c May 3 2 Jan. 11 84 July 18 7% July 31 3% Jan. 16 24% Feb. 8 Ex-dividend \ RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Stock Sales 1939 July Shares- Jan. 1 to July 31_______ AGGREGATE SALES — Jan. 1 f.OOO Shares 902 152 414 BONDS f.OOO Pitts Brewing 6s _194S STOCKS * 100 140 Preferred. 594 Arkansas Nat Gas Corp 709 138 """190 175 463 760 4,871 572 465 719 25 329 4,590 14 396 6,102 90 3,699 2,118 100 10 ' RANGE SINCE JAN. Bid 110 — Ask Sale Highest Lowest Sale Prices Sale Prices 110 July 31 110 July 31 27 15}* July Sale 20 July 25 Co.. 200 1,578 489 803 43 375 - Columbia Gas & Electric-Consolidated Ice Co_ Preferred Cojpperweld Steel 11% Sale * * 55c 6% 7% * 75c 7% Sale 25c 6 Sale 6% 30c Sale 5% 7% Sale 25c~ Sale' 2 10 30c 1 "'"l'O 3,400 1,600 2% July 7 July 43% July 11% July 12% July 30c July 6% July 8 July 25c July 1% July 2X 6}* 34% 9% 9% July July July July July 25c July 5X July 5X July 25c July 1 July : 24 27 * 6 -10 18 5 12 % 100 1 24 Harbison-Walker Kefrac com_* 35 Horne (Jos) common -100 170 Jeannette Glass preferred.-100 100 Jones & Laughlin St'l pref.-100 1,881 Koppers Gas & Coke pref--100 * 35,749 Lone Star Gas1,656 McKinney Manufacturing * 90 Mesta Machine Co 13% July 13 7% July 27 27 1 19 10% 5 8% 10% 90c Sale 25 75 6 6% 8 1% Sale 18 12 19 19 20 12** 11% 5% 8% IX 25% 5 8X 12 1H Sale July 22 July July July July July 8 Preferred 507 900 Pittsburgh Forgings Pittsburgh Oil & Gas 1,953 July 21 1% July 1 25% July 21 13 55 814 Sale 58 Sale 55 9 Sale 9 55c 9% 60c 9 59 July 9% July 21 17 4% Sale 2% 2% 19% "I" July July 5 July July July July JUly 7 15 6 11 6 " 31% July 29% July 17 30% July 24 11 9 11 July 18 1% July 21 6 113% July 6% July 7 21 31 24 20% July 17 1 25 ::::: 4% IX IX 5 IX 27% 4% 1% 1% 25 25 4% 1 % 1% 25 17 July 24 July 29 July 11 July 6 706 850 170 2,725 100 1,645 538 27 % 2% 29 IX 28 29 X 101% Sale 814 Sale 7 Reymer & Bros commonRuud Mfg San Toy Mining - Shamrock Oil & Gas. Preferred 2% 5 3% 29% 31 1 * 5 1 * 1,530 Vanadium Alloy Steel1 6,790 Victor Brewing Co * 150 Waverly Oil Works A 13,322 Westinghouse Air Brake----.* 50 5,191 Westing house El & Mfg - lc 1% Sale 113% Sale 5X 6 July 1% July 100% July 5% July 18 5 15 20 75c 50c 2 75c 4 5 1 - 60c * 100 10 Preferred 457 750 Standard Steel Spring 3,952 United Engine & Fdy 1,480 United States Glass 10 45 100 5 1 Apr. 11 June 30 Apr. 10 Apr. 10 Mar. 16 5 5 June 30 Feb. 8 8 Jan. 90c 6 11 3 21 ""2c" 234 Sale 50c 75c 18% July 7 July 29 50c 55c July 6 2% Sale lc 2c lc 2c 1% 2 IX 2 5 July 31 lc July 5 1% July 11 5 2c 2 July 31 July 15 July 27 50 10 6 11 7 Mar. 28 Jan. 19 Feb. 9 10 24 32% Sale 35c 25 25c 1 26 % 30c 1% 50c 50c 1 22** 25}* 23% 30c 35c 25c 25% Sale 20c July 23% July 25c July 1 July 24% July 110% July July Sale Sale 1 July 19% July 96 July 114 Sale -1% July 29 % 118% Jan. 25% Apr. 26 20 6 21 22 28 50c 1% July 20 50c July 23% July 29 16 18 18 Mar. 31 28 30% July 28% July Mar. Jan. 14* Feb. Jan. 7 July 21 Feb. 8 13 17 25^ }| 65c8 16 11 1 9 9 25 Jan. 5 31% July 5% Jan. 17 3 Jan. 4 7 1% Feb. 20 26 lc 2 Feb. 20 Jan. 19 7 Jan. 30% July 24 4% Jan. 26 1 24 12 7 4 4 12 14 80c 3 Jan. 28 25 8 Feb. 21 July 15 Feb. 7 2c 3 50% 6% 40% 33% 75c 26% 40c July 1 July 18 Apr. 10 31% 83% Apr. 10 118% 22% May 23 20c 2 14 15 July 27 21% June 28 14% Mar. 11 17 Feb. 10 19 1 11% Jan. 12 May 10 116% Mar. 11 9% Jan. Jan. 9 24 12 20 May 7 22% Mar. 1% Apr. 10 50% Mar. 21 5 5% June Feb. 30 Jan. 2l% 9 1 Jan. lc Mar. 16 25c 10 27% July 4 Apr. 1% July July Apr. 3 May 13 Apr. 7* May 1 May 90 Apr. 4 Apr. 3 May 20 May 18% July 50c July 2 May 5 May 5 Jan. 10 6% Jan. 23 6 8% Feb. 60c 14 60% Jan. 55 July 7% Apr. 22 6 4 26 3 3 21* 3 2 Jan. Jan. 60% Jan. Jan. 72 26 Jan. . 5 16 3X May May 56% Jan. 17% Jan. 12% Jan. 29% Jan. 25% July 11% Jan. IX 2 - Preferred 20 465 Plymouth Oil Co Renner Co Jan. 10 June 30 June 30 lc 2 4 Feb. 2 11% Apr. 0 Apr. 6% Apr. 50c 4% 5 1% Sale 27% Jan. 9 115 Feb. July 25 100 ——_1 5 25 2,385 Pittsburgh Plate Glass * 7,226 Pitts Screw & Bolt Corp 866 Pittsburgh Steel Foundry * «§}* 25c 1 6 15 July July 12% July 5% July Sale 70 20% 12% 5 32,474 Mountain Fuel Supply 10 14,530 Nat Fireproofing Corp com--5 310 Penn Federal Corp common--* 146 4%% preferred 50 1 5,794 Phoenix Oil preferred 1,661 Pittsburgh Brewing * Preferred * 4,426 295 Pittsburgh Coal Co com 100 8 Jan. 2% 5% 34% 9% 7% 25c 11% Apr. 14% July 9 18% 12% * - 14% Apr. 5 10 2,021 Follansbee Bros pref 35,651 Fort Pitt Brewing--- 210 July Sale Prices July 31 31 110 13% May 17 -New 1,237 Crandali McK & Hend 4,645 Devonian Oil--—-—— 9.186 Duquesne Brewing 1,495 1,050 132 24,350 14.137 110 113 * * 1 3 113 .10 * 690 Electric Products Highest Lowest Sale Prices July 31 Ask Bid — Preferred, Armstrong Cork Co Blaw-Knox 108% Ask — 715 1 Par 6,945 Allegheny Ludlum Steel Byers (A M) Carnegie Metals Clark (D L) Candy July 1 1939 Bid Shares 2,648 1,920 5,322 4,004 33,971 3.185 25,988 1,509 1,402 1,240 1,018 1,240 Jan. 1 to July 31 Jan. 3 - """162 1938 $1,000 11,000 Price Since July July 137,698 776,354 PRICES IN JULY PITTSBURGH STOCK EXCHANGE In 1939 $1,000 1,000 Bond * Sales 1938 . 78,787 618,966 II Jan. Mar. 21 Apr. 19 June 7 Mar. 13 Mar. 14 Jan. 5 Jan. 20 Jan. 11 Jan. Jan. 4 3 Jan. 4 UNLISTED 389 * 2,727 Pennroad Corp v t c_. No par value. X —-.1 Ex-dividend. \ 3 1% July 3 2% RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales 1939 1938 209,235 ...Shares. July. 552,114 1939 1938 1,704,383 2,254,676 Stock Sales I Jan. 1 to July 31- Shares_ AGGREGATE DETROIT SALES July Shares Shares 1,100 300 1,100 5,124 150 2,360 8,623 475 1,567 350 RANGE SINCE JAN. PRICES IN JLLY STOCK EXCHANGE Since Jan. 1 In 1 Price Jan. 3 STOCKS 1939 Par 3,845 1,414 9,492 47,712 Allen Eiec & Equipment 1 Atlas Drop Forge common 5 Auto City Brewing common--* Baldwin Rubber common----1 805 fiohn Aluminum & Brass Bid Sale 40c 7% 28c 7% 5 7,708 60,431 21,880 16,788 10,246 Bower Roller Bearing -.5 Briggs Mfg Co common--* Brown-McLaren Mfg Co __1 Burroughs Adding Mach * Burry Biscuit Corp -_12%c 500 Capital City Products , * 1 % IX 2 36c iS* 2% 40c 6 25 31% 1X 1% 18 % "~2X 3 20% 27% 18 Sale Lowest Ask Ask Bid Bid 1% 1% 3 2% Sale 30c Lowest Highest Sale Prices Sale Prices Sale Prices Sale 6% 1 1 % July 2% July July 6 July 20% July 25 July 19% July 90c July 13 July 1 % July 6 28c 19 75c Highest Sale Prices July 31 July 1 Ask III-I "29" "75c" "98c" 11% 1% 12 1 13% 1% 13% 1% 4% 67% 14% 5% 68% 4% 81% 15 5% 82% 16% 4% July 69% July 15 51c 80c 59c 70c 3 1% July 17 2% July 17 July 22 7% July 28 20% July 12 29 July 21 23% July 25 98c July 19 14% July 18 1% July 28 32c 50c 1% Feb. 9 2% June 29 Apr. 8 Apr. 20% July 21 Apr. 12 17 Apr. 8 80c June 14 11% Apr. 11 1% Apr. 19 5% Mar. 27 25c 5 IX Jan. 3 3% May Y6 4uc Jan. 4 7% Jan. 4 23% Jan. 26 29 July 21 31X Jan. 5 l%Mar. 8 18% Jan. 4 2% Jan. 7 5% Mar. 16 Chamberlin Metal Weather 100 8,908 956 1,330 840 600 450 2,100 61,703 4,526 7,371 12,123 1,902 1,110 Strip Co common.—.5 common 5 Consolidated Paper com. 10 Consumers Steel Products--—! Continental Motors common.l Chrysler Corp Crowley, Milner & Co com * Cunningham Drug Stores.2.50 670 Deisel Wemmer Gilbert 3,062 939 2,200 3,980 3,345 100 29,378 4,726 15,605 21,597 18,479 3,783 Detroit Detroit Detroit Detroit Detroit 625 5,320 1,332 3,125 15,262 7,209 6,237 "5", 150 36,096 2,274 2,608 17,233 19,208 100 310 220 1,466 3,044 100 100 3,905 9,335 80,954 32,084 2,435 8,583 700 6,935 711 12,445 I,012 1,255 345 ~ 8,000 2,340 5,100 1,717 1,100 2,690 825 1,950 155 2,720 "2.266 '""175 ""3,620 1,304 500 700 1,890 1,871 3,746 6,515 II,539 2,809 668 1,181 1,766 715 1,881 870 1,525 2,765 547 1,015 880 330 95 4,195 ~1,890 625 1,100 405 Steel Products Durham Mfg Co common -1 Eaton Mfg Co common.4 Ejireka Vacuum Cleaner * Ex-Cell-0 Corp... 3 Federal Mogul common * Federal Motor Truck com * Federal Screw Works com * Frankenmuth Brewing com—1 Fruehauf Trailer Co com 1 Gar Wood Industries com 3 Gemmer Mfg Co class A * Class B .* General Finance Corp com 1 General Motors common 10 Goebel Brewing Co common—1 Graham-Paige Motor com .1 Grand Valley Brew common—1 8,215 Mahon (R C) class A pref * 1 20,272 Masco Screw Products * 700 McAleer Mfg Co common 142,164 McClanahan Oil Co common.l .1 5,510 McClanaban Refineries 4,840 Michigan Silica Co common--1 2.50 2.040 Mich Steel Tube Prod Michigan Sugar common Preferred Micromatic Hone Corp * 10 1 Mid-West Abrasive com Moore (Tom) Distillery Co 50c 1 Motor Products Corp com * Motor Wheel common ----5 Murray Corp common 10 237 Muskegon Piston Ring com 2.50 * 59,611 Packard Motor Co com* 27,389 Parke Davis & Co 2.50 7,105 Parker Rust-Proof com. — . * 7,913 Parker Wolverine Co com 24,257 Peninsular Metal Products.—1 7,180 5,958 11,852 14,186 10,519 9,580 3,991 34,476 Pfeiffer Brewing Co _* com Prudential Investing Corp.—1 Reo Motor common 5 Rickei (H W) & Co common—2 River Raisin Paper com —* ... Scotten Dillon common.-—.10 Sheller Mfg Co common. 1 Standard Tube Co class B 1 1.138 Stearns (Frederick) common. _* 5% cum part pref. 607 100 21,818 Timken Aide common Preferred 633 37,150 12.851 6,259 4,256 .100 Tivoli Brewing Co common.-1 Union Investment Co com * United Shirt Distributors .* United Specialties common 1 see pa^e 61. 95c 1% 3% 2% Sale 16 "75c" Sale 112 116 o Sale 2% 12 X 2% Sale 15% 1% 1% 1% 10% 2 3 1% 2% 3 Sale 82c 1% 2% 19% 16% Sale ,16% l80c 120 1% 1% 14% 81c Sale 123 1% 1% Sale 12% 11% 15 4% July July 16% July 60c July 2 % July 2% July 17 July 83 July July 2% July 2% July 16 July 75c 21 13 25 50c 6 17 14 8 July 124 July 1% July 1% July 1% July 11% July July Sale 116 July 1% July VA Sale 1% July 88c July 1% 12% 11% July 31 28 1% July 11 81c a IX 2X 18 18! 19 27 1% 1 1% 5 4 5 1% July 11 ..... 4% 24 X 13'" 17 18 15X 5X 13 14 2% 3% 2% 17% 2% 19 19% 16% 18 v- 4 4 26 ----- Sale 31 15 \m July July 3% July 75c 62c 35c 50c 7 12X 15% 15 16"" 8 62c 2% 50c 17 Sale Sale 11% 2% 34% 10% 4% 12 13% 35 11 5% 45c 13 2% 12% 13% 34% 12% 1% 43c 1% 25c 80c 2X 36c "14"" 13 July Sale 11 _ 53c 6 55c 1 % 5 46c 42c 25 26% 3% 1% 17 14 5 19 8 2% 6 IX IX 3% 2X 24% Sale 50c Sale 16c 60c 28c Sale 60c 74c 31c 15c 16c 16c ----- 1% 25 Sale 2% 32c Sale 3% 2% 4 3 2% 5% 2% 7% 40C 4 58c 4 3 Sale 95c 95c 1 Sale 18c 25c Sale Sale 4% Sale 11% 13% Sale Sale 42% 3 Sale 22% 2% 16% 10% 2% 7% 11 41% 15% 6 1% 6% 2 2 IX 3% 2% Sale 87c Sale 20% 97 - 18% 3% 3% 4 124 2 % July 31 13% July 13% July Jan. Jan. 6 16 Jan. 6 May 24 June 8 Mar. 2 July 28 1 % Feb. Jan. 1% July 88c July 9% Apr. 28% Mar. 1 Feb. 23 Jan. 7 4 Jan. 3 Mar. 10 Mar. 9 Feb. 27 Mar. 8 Jan. Jan. ,6 July 28 Jan. 5 5 Jan. 5 July July 19 25 Jan. 5 July 28 July 28 July 14 Mar. 9 Mar. Jan. July Jan. Jan. Mar. 4 3 6 2 7 10 Apr. May Apr. July Feb. Apr. Jan. 3 2 29 22 75c 21 19 25 21 13 28 28 - ~ 28 July 26 2% 13 ° 4% 2% 15 5% 16% Sale 3% 41% Sale 42% 7% XV. 8% 1% 7% IX 1% 3% 2% 2 ----- 2 32c 4 July July 5 18c July 5 2 40c 4 July July 2 % July 90c July July July July 2 % July 1% July July 14% July 16% July 5% July 27c 15c July 11% July 14% July 4% July 17 5 29 10 21 18 17 18 18 18 3% 43% 18 6% Sale o 7% Sale 1% Sale 1% 22 3% 1% 13% 95% 11 22% Sale Sale 15% --- 11% 24 4 1 1 3% 2% 25% 4% 1% 15% 96% 100 14% Sale 3 1 July July July July July July July July July July July July July JUiy July July July 1 12 25 11 2% July 2% July 3% July 3 July 6 1 12 20 42 16% 6% 1% 7% 1% 1 3% 1% 22% 3% 1 % lA 15% 98% 12% 19 12 12 1 13 10 8 3% 42% 17% 8% 1% 7 % 2 5 1% 3% 7 3 11 25 1 4% 1 % 16 99 15% July 18 July 10 July 21 July 27 5 July July 25 July 1 July 28 July 1 July 27 July 19 July 19 July 13 July 22 July 12 July 18 109% 3 2% 17% 16% 1% 62c 10 4X 38% 1 4 30c 13% July 6 July 60c July 1% July 45c July 26 July 3% July 1 % July 26% July 24% 2% 1 % 26% July 57c July 80c 90c 25 4lc 1 % 43c 24% 3% Sale 13 8% 2% July 49% July 2 % July 75c July 35c July July July July July July July July July 50c 35c 11% July 15 35 1 % 23% 2% 1% 21X 3% Sale 50c 2X IX 1% 70c 5 52c Sale 99c ----- 1 70c June ; 101 Apr. 1 % Apr. 4 13 31 9 May 17 July 29 Jan. 23 4 Jan. 4% Apr. 5 Feb. Jan. 4 Sale 4% 4 5% 34 5% 2% 2% 3 Sale Sale 3% 2% 2% 3% 3 14% 2% Sale 3% 2% July 2% July 2% July 3 July 1 28 19 20 June Jan. 7 1% Apr. Juhe Jan. Jan. 4 11 20% Jan. 2% Apr. July July 28 28 Jan. Jan. 3 21% Apr. July 28 55c 26c 12c June June Mar. 17 75c 2X 52c 2X IX 22% 76c 2% 48% 2% 2% July 20% July 5% July 31 July 10 July ----- 43c " 2% July 25c 2 2X Sale 6 11 Sale 2% 47% 2%1 62c — 2% 42 2% 2 35c 15"" 2% 41% 2% July 2% June Apr. : 14% Jan. : 12% May 2 Jan. 84% Mar. 9 16% July 19 Apr. Apr. 3 Apr. 3% Jan. 1 % Apr. 10% Feb. 4 Apr. 26% Apr. 7% June 1% Apr. 38 Apr. 20% July 18 July 3% July -14 July 18% July 4 July 31 July 10 July 2% July 42 July 2% July 62c July 35c July "2% 22% 5% 8 : 15 12 1% xV4 d" Jan. 4% Apr. 21% 3 7 4% Apr. 56% Apr. 19 22 --.10 .10 300 U S Graphite Co common U S Radiator common----—.! For footnote* 14 X * * 4,931 Hall Lamp common 100 Home Dairy class A * 6,033 Hoover Steel Ball common. -10 3,728 Hoskins Mfg Co common.-2.50 180 Houdaille-Hershey class A * Class B _* 47,474 * 13,731 Hudson Motor Car 1 47,943 Hurd Lock & Mfg Co com 23,087 Kingston Products Corp 1 10.850 Kins el Drug Co common 1 10 28,356 Kresge (S S) Co common 5,240 Lakev Fdy & Mach common.-1 17,370 LaSalle Wines & Champagne.2 10,558 4,437 5,482 10,001 10,170 9.137 10,494 45,591 Sale 13 .10 & Cleve Nav com—16 Edison common---100 Gray Iron Fdy 1 Mich Stove common—1 Paper Products 1 Detroit Steel Corp common._5 250 Detroit Y,120 com 5 82 Jan. 41c 42c 1 Mar. 9 Jan. 17 Apr. Feb. 24 Feb. 25 1% Jan. 5 30c Mar. 10 June June Jan 2 Jan, 90c Jan. 15c Jan. Jan. July July Apr. 10% Apr. 4X June 10 10 3 36 12% 5% 1% 6 1% 1 2% 1% 22% 3% 1% 13% 96% 10% 109% 2% July Jan. Mar. Jan. Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Mar. 5 18 5 3 3 4 14 Feb. Jan. 4 4 Mar. 8 Mar. 21 Feb. 15 May 13 Jan. 9 Jan. 9 Apr. 25 Jan. 3 Jan, Feb 27 2 Jan. Apr. Apr. Jan. Apr. 2 Apr. 2 % May 3 3 24 Jan. July June July Apr. Apr. 4 Apr. 13 Jan. 4 Jan. 4 Mar. July 14% May 9 May 10 June 3 2% Jan. 17' 9 Jan 4 Mar. 29 AGGREGATE SALES In July Shares 450 1,689 100 100 3,682 625 3,500 405 20 705 61 PRICES IN JLLY DETROIT STOCK EXCHANGE Since Jan. 1 Shares STOCK EXCHANGE DETROIT AUG., 1939] RANGE SINCE JAN. 1 Price Jan. 3 STOCKS July 1 1939 Par 3,384 Universal Cooler class A Class B 26,349 2% 1% » 500 Universal Products common 903 Walker & Co class A Class B 11,137 * ♦ . Ask Bid Bid 3 4 IX IX 13 X 22 15 2 * 43,346 Warner Aircraft Corp com 1 3,192 Wayne Screw Prod common—4 22,050 Wolverine Brewing Co com 1 2,097 Wolverine Tube Co com 2 60 Preferred, 100 5,630 Young (L A) Spring & Wire—* _ 80c 50c 13c 15c 10c 12c 5% 5% 105 82 Lowest Highest Lowest Sale Prices Sale Prices Sale Prices 4 4% July 2% July 21 19 July July July July July July July July 26 22 19 13 8 25 27 18 July 31 Ask Bid Ask 4X 5 4% 2 Sale 2 21 21 23 28 28 2X 2X A* 85c Sale 90c 1 IX IX 85 " 8X , 104 14 July 1% July 12 12 25 July 26 25 2 X 2% July 22 75c July 6 94c 90c July 7 1% 12c 13c July 8 7% 5% July 11 100 July 27 100 13 13% July 17 2% Jan. IX Jan. 15% Jan. 23 May 1% May 75c Highest 17 4 24 26 26 Sale Prices 5 Mar. 3 2% Feb. 17 16% Jan. 28 26 Jan. 20 3% Jan. 10 IX Mar. 2 July July June Apr. Apr. 90c 12c 5 80 6 7 2 7% July 25 6 July 27 3 100 2% Feb. 25c Mar. 2 2 Jan. 12 18% Jan. June 29 10 4 19 UNLISTED DEPT.— 2,259 184 465 978 1,400 491 340 460 494 1,373 2,477 1,577 6,003 370 360 1,716 * * Consolidated Oil Co. 18 X 149 X Sale Sale 19 % Sale 125 X Hupp Motor Car Corp * 8X 31X 25% Sale 5 100 New York Central RR Purity Bakeries Corp 4.380 Socony-Vacuum Corp ——25 10,291 Standard Brands Inc No par value. a * Deferred delivery sales. 36% 28% 22 Sale Sale 5% July 15% Sale "7X Sale r 13% 167% 21% 26% 1% 7% 130% 47% 1% July July July July July July July July 1 July 2% July 31% July 25% July Sale Kroger Grocery & Baking Co_* Nash-Kelvinator Corp National Dairy Products Sale Sale July July July July July July July July July 3 July 37% July 28% July 11% 159% 19% 22% 1% 7% 119% 44% Sale 3 43 X Sale ""I"" Sale" Sale 2 1 -1 Kennecott Copper Corp Sale *1% Sale" com Internat Industries com 19,538 7,622 43,765 5,935 21X Sale 9 * General Foods Corp. 4,807 7,356 1,808 7,940 9,975 1,418 _* 100 — 25 Borg Warner Corp common-.5 Commonw & Southern Corp..* 261 Dow Chemical Co 161 . American Radiator Amer Tel & Tel Co Borden Company 11,076 1,634 2,150 5,735 9,654 5,144 6X Sale 6% 15% 13% 16% 11 % 6X Sale Sale July July July July July 10 12 29 1 18 28 168% June 12 21 21% July 21 18 18 32 2 Jan. 28 6 27 28 5 Jan. 3 21 > 5 July 14 25 Jan. 3H 1 25 25 7% July 18 18 July 22 16% July 24 18 July J ~ 12 July 7% July 22 5 Feb. 9% Jan. 130% July 47% July 13 27 5% Apr. 12% Jan. 12% Apr. 11 Jan. 10% Apr. 5% Apr. 10 11 10 26 10 8 June 9% Jan. 2o 18 July 22 22 18 Jan. 3 Julyllg 13% Jan. 7% Jan. 4 3 x Ex-dividend. Sold for cash. Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE Stock Sales 1939 July Shares. Jan. 1 to July 31 — AGGREGATE SALES In July % 15.000 2,000 Shares 4,709 1,486 BONDS 1939 Bid STOCKS 3,721 Bell Tel Co of Pa pref 11,535 Budd (E G) Mfg Co 926 Preferred 3 113 Budd Wheel Co 860 048 11,032 1,613 9,747 31.658 225 1.239 2,786 — par * 100 50 10 100 * 100 20 3,053 29% Sale 50% Sale 59 500 Penn Traffic common...—2% 2,166 Phila Elec of Pa $5 pref——* 25 20,488 Phila Elec Power pref— 150 Phila Insulated Wire * 14,048 Phila Rapid Transit 50 7,206 7% preferred .......—50 9,084 Philadelphia Traction. _ .... 50 100 Reo Motor Car..... 20 763 569 1,235 70 710 2,647 6,265 427 8,334 20 1,332 100 2,661 817 7,777 788 33,270 496 268 218 * No par. Salt Dome Oil Corp 1 Scott Paper ....—-.....* Tacony-Palmyra Bridge. * Tonopah Mining—.........1 972 Transit Invest Corp.......... Preferred Union Traction............50 10,064 13,494 23,514 4,161 228,822 5,773 1,837 1,415 x —————- United Corp common * Preferred * Unitea Gas Impt common....* Preferred —————* Westmoreland, Inc..........* Westmoreland Coal.........* Ex-dividend. 55 10 98 1,378 20% 120% Sale 5% Sale 122,070 Pennroad Corp v t c —* 56,738 Pennsylvania RR—.....—50 549 Pennsylvania Salt Mfg......50 9,942 7,683 18 82% Sale 5,515 Lehigh Coai & Navigation...* 3,336 Lehigh Valley 50 11,810 National Power & Light * ~ 50 Sale Sale * Curtis Pub Co common Electric Storage Battery.... General Motors 9% 150% 16% 19% 120% 7% 5 Chrysler Corp 516 Horn & Hardart (Phila) com..* 537 Horn & Hardart (N Y) com—* 112 1,441 8% Ask Ask Bid 9 72% J* 72 0 V4 Sale Peoples Pass Ry 4s 539 Bankers Sec Corp pref 1,696 Barber Co 66 Bid 71 ... 25,565 American Stores 20,420 American Tel & Tel 3-.6 493 — IN JULY RANGE SINCE JAN. 118 124 37% Sale 3% 3% 5% Sale 8% Sale 1% Sale 24% Sale 160 2% 119 172 2% Sale 30% Sale 17 IX 18 2 3% Sale 7% 8% Lowest Highest Lowest Sale Prices Sale Prices Sale Prices July 31 July 1 Ask Bell Tel 5s .1948 Elec & Peoples tr ctfs 4s..1945 Leh Val ann 6s Shares 2,953 July 31 1 Jan. 3 1,000 417,000 35,000 2,000 184 Jan. 1 to 1938 $54,0,00 612,000 Price $ 25,666 1939 $42,000 391,600 July— 335,270 1,716,339 PRICES PHILADELPHIA STOCK EXCHANGE Since Jan. 1 Bond Sales 1938 214,892 1,498,883 8% July 5 July 25 11% July 28 71 11 % July 14% Sale 167% Sale 157% July 14% 13% July 13% 13% 11% July 13% 11% 11% 122% 120% July 120% 121% 122 4 4% July 5% Sale 4% Sale 37 July 45 4% July 4% Sale "3% 68 July 67% 67% 81% Sale 4% July 28 25 27 28% 25% July 48 Sale 41% July 41% Sale 10% 157% 14% July July 14% July 14% July 123 July 6% July 11 Sale 168 20 45 July 4% July 82% July 5 July 30 July 48% July .. 115 118 125 116% Sale 35 35 Sale 34 35 2 2% 2% 2% 2% 4 4% 3% 3% 9 Sale 7% 7% Sale 1% 16% 149 2 115% 29% 16% 2% 3 8% 1% Sale 1% Sale 18% Sale 10 8% 52% Sale 42 40 3. iM Sail4 % 2% 3% Sale 38% 38% 13% Sale 115 115% July 1% July 16% July 148% July 9 10 10 10% July 49% July 38% July % % % 2% 2% 34% 12% L14% 8% 8% 31 18 27 25 22 22 31 18 19 18 20 28 July 11 120 July 27 35 July 33 July 31 July 17 2% July 27 150 Sale 2% 2% 2% 117% 117% 118% 115% July 29% July 29% 29% Sale 16% July 16% 17 17 2% July 2% Sale 2% 3% July 3% 3% 3% 8 8% 8% July 8% 151 8% July 25 73% July 29 11% July 28 July July July July July July July July July July 1 9% July 26 1% July 22 19% July 22 150 July 17 118 30% 16% 3% 3% 8% July 29 July 24 July 15 July 17 July 6 July 5 July July July July July July July July July July July July July 18 31 18 12 17 6 18 26 28 29 25 24 10 Highest Sale Prices 1 117 June 1 117 June 6% Jan. 28 71 July 25 11% July 28 9% June 10 74% June 8 11% July 28 8% Apr. 148% Apr. 13% July 11 Apr. 117% Apr. 4% Apr. 35% May 3% Apr. 58% Apr. 3% Apr. 23% Apr. 36% Apr. July 31 Mar. 11 Mar. 21 Jan. 10 Mar. lo Jan. 4 Jan. 21 Jan. 5 Mar. 11 Jan. 9 Jan. 9 Mar. 9 112 Apr. 10 125% Mar. July 31 38 Jan. 1% June 30 3% Jan. 3% Apr. 6 5% Jan. 35 6% Apr. 1 Feb. 15% Apr. 136 Apr. 2% Mar. 115 29% 16% 1% 2% 6% Mar. Apr. Apr. Mar. June Feb. 1% Jan. 9% May 43% Apr. 33% Apr. %, Feb. % June % July 2% Jan. 2 Apr. 31% 10% 111% 7% 8 Jan. Apr. Jan. Apr. Apr. 8 9% Mar 9 5 4 3 9 2% Feb. 28 24% Jan. 4 165 Jan. 5 2% Jan. 30 1 30% Jan. 9 17 Feb. 23 3% July 17 119% Feb. 4% Mar. 28 9% Mar. 29 1% Jan. 14 16% Jan. 5 52% July 31 18 July Apr. Jan. Mar. Mar. Feb. Feb. July 10 10 31 23 6 28 29 June 20 July 24 Jan. 24 San Francisco Stock Exch. MONTHLY AND YEARLY RECORD FRANCISCO STOCK EXCHANGE RANGE OF PRICES ON THE SAN 1939 Stock Sales July ...Shares. Jan. 1 to July 31 418,231 3,267,773 $12,000 Jan. 1 to July 31 $1,000 35,000 July 827,869 3,113,047 1938 1939 Bond Sales 1938 29,500 AGGREGATE SAN SALES In Jan. 1 % $ 8,000 13,000 5,000 2,000 1,000 ...... SINCE JAN. 1 Price Jan. 3 Since July RANGE PRICES IN JULY FRANCISCO EXCHANGE STOCK BONDS 1939 Bid Bid Ask Bid Ask 108 1966 1952 UNLISTED BONDS 5,000 Miller & Lux ctf of dep 6 % 1945 Certifs of deposit 7%—1935 2,000 2,000 Sou Calif Gas 43* % 1961 Sale Prices 95 Atlas Diesel Eng Co 6%—1945 Coast Co G & E Co 4%—-1965 Pac Tel & Tel mtge B 33*s S J Lt & Pow Corp 6% 116 116 113 Lowest Highest Sale Prices Sale Prices July 18 98 July 27 112 87 June 5 98 July 1103* Feb. 14 1103* Feb. 1083* Feb. 28 1083* Feb. 1353* May 24 1353* May 27 14 28 24 Mar. 23 1193* June 15 1203* Jan. 24 1203* Mar. 3 1073* Mar. 22 1073* Mar. 22 118 116 lis 3* Highest Sale Prices Lowest July 31 July 1 Ask 113 S P Golden Gate Ferries— 4,000 Shares 5,000 STOCKS Shares 660 1949 53*% . 36 July 22 74 July 19 943 3,215 1,438 100 ■""265 415 480 210 16,110 9,329 23,706 12,684 1,435 93* .... 63* 10 150 .... 255 8,330 257 3,736 270 140 15,887 6,051 428 190 46 260 1,372 38,954 1,217 25,417 1,620 490 Class B 4 74 n7o* 110 IH 4 2 3 134 13 163* 18 163* 2.65 40 9*. 80c 6 22c 363* 17 H 49 27c 2.70 144 17 4 204 34 204 2.65 2 04 64 40 54 Feb. 74 June 24 10 Jan. 6 Jan. 75 Jan. 23 30c Mar. 21 22 *36 10c 84 44 54 1304 17 4 174 18 21 '17 July 13 93* July 31 53* July 12 63* July 17 135 July 28 July 14 July 173* July 203* July 17 21 27 13 2 2 July 13 4 July 174 July 203* July July 22 94 1.05 1.80 74 25c 11 28c 1.05 July 9 July 22c July 38 July 18 July 193* 184 52 52 July 514 103 1043* 1033* July 36 42 18 52 31c 38c 41 35c 45 204 204 194 31c 18 214 64 July July July July July July July 21 21 7 20 5 6 1.05 July 93* July 29c 38 July July 20 7 13 10 8 11 If* 35 8 1 9 20 Jan. 4 46 9 6 8 Mar. 13 Apr. 18 123* Jan. 24 1.50 Jan. 13 Jan. 5 25 35c Jan. 25 June 21 203* June 20 7 533* July 104 July 12 38 45c Mar. 7 Mar. 13 Jan. 5 July 20 Mar. 10 44 July 12 1 108 Feb. 17 25 193* June 1 18 8 Mar. Jan. 103* Mar. 1 33* Jan. 19 Apr. 25 543* Apr. 15 107 43* 8 Apr. 85 Apr. 11 Jan. 17 17 Jan. 1033* June 25 183* Jan. 2134 June June 29 403* 1023* 33* 553* Feb. Feb. 6 98 July July 27 46 July 6 1053* July 5 43* July 6 July 6 July 6 106 July 9 % 8 26c 7 104 33c 14 103* Jan. 6 190 11 22 Mar. 30 133* Apr. 483* Mar. 203* July 633* July 224 224 204 20 19 184 July 83* Apr. Apr. 43* Apr. 124 Apr. 73* Apr. 2 May 12 Apr. 143* Apr. 4 93* Apr. 13 1.05 Jan. 18 7 Apr. 11 22c June 28 35 Feb. 3 114 1.80 10 25c 10c 23 23* May 4 46 Apr. 18 45 43 434 104 1044 1054 Sale 34 44 Sale 34 67 693* 814 824 684 48 434 424 434 444 105 104 1054 1064 108 253* 15c July July July July July 3 113* 414 233* 18 75 103 353* 37 1063* 108 74 July 55 1023* 103 .... Chemical 18c 94 Sale 44 44 64 54 9 12 20 3* * 14,901 15,035 1,130 98,256 26,108 Chrysler Corp common -5 3,659 Olorox Chemical A * 520 Coast Cos G & E 6% 1st pf.100 Columbia Broadcasting Sys— 650 Class A 23* 270 Class B 23* 3,690 Consol Aircraft Corp com _1 15c 19c 6 54 135 1314 132 4 134 64 54 63* Calif Cotton Mills capital--100 Calif-Engels Mining Co.——1 California Ink Co Inc A * California Packing capital * Preferred 50 California Water Serv pref.100 Carson Hill Gold Mg capital._1 Caterpillar Tractor capital * Preferred stock. 100 Central Eureka Mg Co com.—1 Consol 2,426 2,384 8 Anglo-Calif Nat'l Bank 9,545 Byron Jackson com cap * 8,174 Calamba Sugar Estate com-.20 1,090 Preferred 20 1,062 Calaveras Cement Co com * 40 7% preferred 100 445 Calif Art Tile Corp class A---* 80 2,135 2,167 9c 1 Common 20 Assoc Ins Fund Inc com cap_10 Atlas Imp Diesel Eng Co 5 Bank of Calif Nat Assn cap 100 455 Beech Aircraft Corp com ,__1 2,360 Bishop Oil Co new 5 10 July Par 7,825 Alaska Juneau Gold M cap.-10 15 Alaska Packers Assn cap—100 Angio-Amer Mining Corp Ltd— 3,800 36 20 June 18 Mar. 9 8 253* Mar. 8 193* June 20 163* Apr. 213* July 53* July Industries 13,576 Inc class A partic pref 15,107 Creameries of Amer (new) * 1 4 17 4 3* 54 173* 54 54 213* July 53* July 174 July 53* July 7 4 7 25 25 4 July 113* July 813* July 19 22 26 290 65c June 68c June 22 2.65 July 20 18 25 1.90 May 8 Apr. 33* Feb. 114 May 83* May 93* Apr. 43* Feb. 25 Jan. 30 Crocker First National Bank 10 9,081 1,150 """413 760 100 ••"190 •4",334 800 946 325 71 San Francisco cap 100 293 133* 143* 72,700 Crown Zellerb Corp com (new)85 87 9,573 Preferred (new).. 55c 1 292 Cypress Abbey Co common 2 2.15 2.25 3,460 Di Giorgio Fruit Corp com..10 14 Sale 2,470 Preferred 100 3 3* 43* 4,167 Doernbecker Mfg Co 100 Cow Chemical Co common * 153* "20" 3,662 El Dorado Oil Works cap * 9X 10 2,450 Electrical Products Corp 4 154 153 24,228 Emporium Capwell capital ♦ 35 353 4,090 Preferred 50 9 11 8,528 Emsco Derrick & Eq Co cap—5 Ewa Plantation-—-. 20 Fireman's Fund Indem cap__10 6,455 Fireman's Fund Insur cap—25 4,881 Food Machinery Corp com..10 4,305 Foster & Kleiser common-.23* 250 Class A preferred 25 Galland Mercantile Laundry 1,040 common (capital) * 635 ••"300 730 786 800 20 220 890 283 320 280 IV* 60c 2.25 103* 34 114 84 9 164 39 4 74 320 10 Sale 103* 803* 94 81 60c 1.00 2.50 2.00 12 133* 44 34 123 120 163* 84 94 174 40 42 10 4 10 Sale 31 36 Sale 32 35 41 414 82 Sale 39 90 84 . 30 12* 290 300 July 93* July 763* July 1.00 3 Sale 4 2.50 July 12 July 123* July 33* July 34 July 128 July 8 163* July July 73* July July 43 3* July 83* July 26 27 31 33 Sale 403* July Sale 90 413* July 11 95 July 21 323* July 17 9 93* July 8 103* 18 43 Sale 18 40 35.4 274 1.75 16 1.00 1.25 14 14 143* 153* 163* July July 1.00 July 143* July 213* 24 193* 25 21 25 34 1.55 Sale 34 1.25 284 30 300 July 9 Apr. 763* July 14 if* 530 7,903 366 625 -23* 47,379 General Motors 10 15,280 General Paint Corp common.* 49 7,562 7,313 3,687 8,183 120,043 3,160 3,160 2,103 5,440 3,514 11,002 850 301 2,098 6,121 59,759 220 890 1,495 12,936 10 i 000 130 914 ""loo 2,349 3,120 110 300 T.102 1,900 10,191 19,647 679 90 860 515 6,045 32,687 1,236 46 447 2,042 20 2,273 544 '878 100 '"'343 535 6,105 10,534 10 270 4,297 1,655 3,600 3,935 2,498 26,537 9,878 20 77 509 411254 23 342 '817 490 160 520 1,455 13,862 480 800 • Preferred * Gladding McBean Co com.—* Golden State Ltd capital—.—* Greyhound Corp common * Hale Bros Stores Inc capital-.* Hancock Oil * Hawaiian Pineapple Co (new)— Holly Develop Co common..-1 Home Fire & Marine Insur Co of Calif capital.. .10 Honolulu OilCorpLtd cap new * Honolulu Plantation capital..* Hudson Motor Car com * Hunt Bros Packing common..* „Preferred. 10 Hutchinson Sug Plant cap.. 15 IXL Mining Co 2 pesos Langendorf United Bak cl A..* Glass B _* Preferred Leslie Salt Co capital * LeTourneau Inc common 10 Libby McNeill & Libby com.. * Lockheed Aircr Corp com 1 Lyons-Magnus Inc A * Lyons-Magnus Inc B ._.._* Magnavox Co Ltd capital—23* Magnin & Co (I) common...* Preferred 100 Marchant Oal Mach Co com.10 Meier & Frank Co 10 Menasco Mfg Co common .1 Nat Auto Fibres Inc com stk..l Natomas Co capital ... * North Am Inv Corp com 100 0% preferred— 100 53*% preferred ....100 North Amer Oil Consol cap..10 1 420 Occidental Insurance capital. 10 7,719 Occidental Petrol Corp com..! No par value Common capital 7 3* 9V, 50 8 26 4 94 64 124 334 19 92c Sale Sale ~144 41 Sale 1.00 353* 4n 22 23 13 16 74 38c 1.10 7 . 36 42 793 213 Apr. Apr. Jan. 203* July 12 203* July 63* July 493* July 7 3* July 6 21 17 1.60 Jan. 6 15 12 383* Apr. 8 5 Apr. 8 283* Jan. 25 53* Apr. 4 6 Apr. 8 183* July 31 113* Apr. 9 Mar. 30 173* Apr. 11 89c July 25 Mar. 29 303* Feb. 17 93* Jan. 4 513* Mar. 10 83* Jan. 7 34 Mar. 14 93* Jan. 3 June 24 9] 193* July 18 15' 42; 22; 1.4( Mar. 15 May 9 June 9 20 Jan. Apr. Feb. 55c 21 22 5 Apr. May 1.60 July Mar. Feb. Apr. 19 83* July 26 6 173* July 103* July 43 3* July 40 July 323* July 183* July 113* July 45 July 41 July 333* July 18 14 10 19 17 253* July 33* July 28 1.60 July 8 July July 21 233* Feb. 10 17 May 24 5 53* Apr. July July 153* July 43 413* July 183* July 153* July 84 90c 1.60 10 3 June July 323* July 53* May 27 37 4 June 95 Jan. 53* July 433* July 63* July 30 July 6 July 83* July 183* July 123* July 39 July 193* July 3 27 Jan. July July Mar. Jan. 203* July 17 103* Mar. 20 18 31 37 1 89c 25 Jan. 433* July 14 July July July July July July 203* July 1.20 July 25 May 29 353* Jan. 63* Apr. 11 26 10 Feb. 17 General Metals Corp— 9 Jan. 43* Feb. 21 114 Jan. July 1.10 July 15 Mar. 14 Mar. 10 26 20 Feb. Mar. Jan. Jan. Apr. Apr. May Apr. 43 Mar. 7 1.80 Apr. 20 83* Apr. 18 63* Mar. 6 203* Mar. 14 123* Mar. 17 June 9 45 27 42 Feb. 34 May 24 6 June 24 35c July 103* July 103 July 153* July 93* July 2.10 July 63* July 10 July 22 21 55c July 31 113* July 27 103 July 20 173* July 24 103* July 25 2.70 July 22 73* July 17 103* July 26 June 363* Feb. 24 33* June - 1 Mar. July 33* July 25c Mar. 18 July 67c Jan. June June Apr. Jan. June May May June July 233* July 93* July 25 July 25, 10c 11c 24 July July 26 July 12 July 253* July July 12 21 22 28 24 July July 9 163* Mar. 4 1081* Feb. 21 24 25 173* 103* 53* 93* 113* 53* Jan. 23 34 Jan. 31 31 July July Jan. 4 Jan. 20 Mar. Mar. Feb. 12 July Jan. 28 Mar. June 19c Jan. 2 8 22 7 17 AUG., 1939] SAN FRANCISCO STOCK EXCHANGE AGGREGATE SALES In SAN FRANCISCO STOCK EXCHANGE PRICES IN JULY July 1 January 3 STOCKS Jan. 1 RANGE SINCE JAN. Prices Since Shares 63 Shares July 1 1939 Par Ask Bid July 31 Ask Bid Bid Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices O'Connor Moffatt & Co770 """245 528 220 30 2,252 5",598 11,706 12,892 3,764 5,474 710 mm — m - m 2,699 8,511 1,520 1,159 12,938 B 18 X 3X 5h * Paauhau Sug Plant Co cap.. 15 Paclfic-Amer Fisheries Inc...5 Pacific Can Co ._..* 860 Pacific Clay Prod capital * 280 10 140 516 60,200 Pac Coast Aggregates com.. 10 79,773 Pacific Gas & Elec Co com 25 83,743 6% 1st preferred 25 28,822 5.4 % 1st preferred 25 33,967 Pacific Lighting Corp com * 69,775 $6 dividend pref_. 270 Pacific Ltg Corp $5 div preL 24,254 Pac Pub Serv com (new).....* 23,698 First preferred ....._.* 2,230 Pac Tel & Tel Co common—100 1,070 6% preferred 100 1,040 Pacific Western Oil capital.. 10 5,919 Paraffine Cos, Inc, com ...» 30 4% cum conv pref 100 Philippine Long Distance 317 Tei Co capital 100 2,625 Phillips Petroleum Co cap... 1,660 Pig'n Whistle Corp partlc pf_* 1,880 Puget Sound Pulp & Tim com3,951 Ry Eq & Realty Co Ltd com— * 1,248 6% preferred (new).....100 17,230 Rayonfer Inc common 1 Cumulative preferred—..25 10,480 11,289 Republic Petroleum Corp.. 1 10 110 1,119 390 1,914 1,457 250 ' mm-mm m 4,180 5,228 100 100 m m „ - „ 4,408 1,241 204 570 598 mmmmmm mm ■mm" m 1,081 5,895 20 790 15,658 193 mmrnm rn mm 391 230 11,564 1,460 4,010 i — 1,421 30 20,308 3,839 5,878 265 2,666 3,973 405 175 60 mm m mm m 20 331 140 Preferred 45 X Sale 214 ..100 75 Weil & Co com.. 507 Wells Fargo Bk & Un Tr caplOO Western Pipe & Steel of Calif 10 common 110 297 124 July 26 124 July 26 54 Mar. 17 50 60 50 1 1.70 July July July 304 334 304 454 1.95 July 334 354 314 504 35 364 2 1 34 4 5 54 34 44 July July 125 1094 July 64 July 224 July 129 July 157 July July 31 157 46 124 74 1.50 15 102 July 17 31 133 157 104 Mar. 4 12 594 Jar 1014 Mar. 8 364 July 18 364 July 1.10 July 4 July 18 11 25 44 6 54 39 7 1 7 2.40 2.10 July 19 30 134 74 144 74 2.25 20 1.75 17 2.25 40 22 102 54 54 464 45 1.85 6 54 64 104 114 1054 106 54 28 114 12 85 87 33 4 Sate 114 Sale 1.50 1.85 102 6 44 304 33 134 Sale 92 894 334 Sale 144 Sale " 9c 25c 20c "39"" 44 26 404 54 Sale 15c 20c 4c Apr. 29 Jan. 6 2.80 Feb. 9 17 18 354 35 36 20c 35c 25c 35c 90c 90c July 7 July 17 18 124 June 23 2.10 June 34 374 144 104 34 26 13 July 74 July 1.60 July 18 July 6 5 21 26 144 July 84 July 1.60 July 18 July 27 17 21 26 54 July 434 July 1 13 1.60 July 6 64 July 40c 11 Apr. 90 28 794 May 1 34 16 15c 20 22 8 32 1 8 54 July 12 7 July July July July 184 Sale 64 Sale 134 Sale 15 19 15 16 34 4 9 94 274 Sale 50 280 184 54 254 Sale 2.00 7 164 44 104 15 2.00 64 Jan. 344 June 23 4 214 Jan. Jan. 10 35c Jan. 10c 394 Jan. 44 Apr. Jan. Mar. 90c 144 Jan. July July July July July July July July 17 44 134 174 2.05 June 114 Apr. July 954 Jan. 74 Jan. 54 May 17c Jan. July 164 June 44 July 84 Apr. 12 Apr. 2 July 64 May 20 5 1 10 11 14 16 134 Jan. 174 July 3 25 Jan. 11 27 9 Jan. 25 Jan. 26 31 28 110 June Jan. Jan. 7 7 28 280 Apr. 11 300 Jan. 14 July 11 124 144 14 July 21 144 July 13 114 Apr. 11 19 24 July 7 27 July 20 23 364 Mar. 34 July 13 34 July 13 24 July 7 24 July 20 54 July 124 July 1674 July 55c July 274 July 84 July 54 July 26 291 300 29 31 25 27 26 28 30 20 30 23 July 7 295 31 34 10 4 134 34 6 5 18 4 295"" 3 14 24 26 19 3 124 34 Sale 12 194 Jan. 84 Feb. 2864 290 18 16 Jan. 55c 194 25 ser 3 13 Jan. 110 27 27 I..50 (Consolidated) cl A 170 5 194 Jan. June 100 Class A series 2 com cap..50 3,383 Yosemite Portl Oem Co pf.,10 1.120 7 2 21 7 25 304 1.75 Feb. Jan. 96 104 Apr. 9c May 90 4 Mar. 36c 64 July July 274 100 286 164 7 32 Jan. 1 24 25 13 6 106 Jan. June 17 18 J* 20 15c 11 2.10 7 28 134 Jan. 1.60 July 44 Mar. 104 July 103 Apr. 3 19 I?* July July July July July July 17c 6 25 9 74 Jan. 44 4 July 2.00 Jan. Feb. 6 Apr. 24 July J8* June 25 6 2.05 26 July 25c 54 124 18 July July 6 July 54 July 19 Jan. July July 164 27 Jan. 35c 124 July Sale July 36 91 164 4 4 94 14 4 5 7 10 Jan. 27 17 1 4 Jan. 40c 254 July 324 July 15c July 12 114 July 29 Sale Jan. 464 Feb. 54 July 294 Mar. 36 July 54 July 90 Sale 30 9c 114 17c Mar. 6 93 54 Sale 108 May 104 16c Jan. 26 91 30c 18 22 27 7 11 114 54 Sale 5 Jan. 314 July 144 July July 114 July 87 July 33 4 July 114 July 15c July 95 21c ,W* 100 Mar. 164 Jan. June 1.60 July 6 July July 114 55c 60 104 Apr. 6 4 Apr. 1.55 Apr. 5 26 64 Jan. 24 1 104 Mar. June 11 54 July 21 104 July 5 89 51c 7 18 19 6 13 24 44 4 July 20c 434 4441 54 264 Sale 334 40c 54 105 11 44 31 7 July 31 43 1.10 30 1.60 25 4 July 43 July 94 July 16 July 2.20 July 12 June Feb. 39 84 54 104 104 54 July 26 6 10 17 364 July Apr. 34 June 54 May 31 July 50 1.10 July 11 4 July 25 14 4 July 108 Sale 25 24 28 June 24 74 Jan. 224 July 25 16 2.10 4 Mar. 11 July July July Jan. July 40 33 4 13 17 107 12 74 2.00 30 6 24 19 12 July 74 144 2.10 134 Feb. 344 354 314 504 49 38 32 Sate 124 6 2 2.40 Jan. July July July July 60 334 1 30 7 Jan. 54 Jan. 64 Feb. 94 45 4 484 96 106 32 Yellow Checker Cab Co— mmmm__ 106 128 Sale 84 ox 46 ...» ... 7,249 8X 45 100 8,632 Sperry Corp common v t c 1 2,315 Spring Valley Co Ltd capital * 75,067 Stand Oil Co of Calif capital..* 18,754 Super Mold Corp of Oal cap 10 7,740 Texas Consol Oil Co com——.1 * 2,380 Thomas Allec Corp class A 13,384 Tide Water Assoc Oil Co com.10 .570 44% preferred new ..100 270,705 Transamerica Gorpicapital—-2 Treadwell Yukon Corp Ltd— Common capital 36,787 1 51,019 Union Oil Co of Calif cap...25 3,884 Union Sugar Co common..-.25 10,972 United Air Lines Trans v t C—5 10 2.3,540 Universal Cons Oil 1 6,815 Victor Equipment Co com Conv cum pref.....—.5 8,567 2,450 Waialua Agricultural Co_.__20 126 Sale 6,520 Sou Cai Gas Pfd 6% cum A..25 98,541 Sou Pacific Co com (cap'l).lOO 2,807 Sou Pac. Golden Gate cl A...* July 1094 1064 July 54 July 64 224 214 July 155 X 157 100 21 109 109 105^ 107 6 5% 5% 21X 21X 22 126 124 604 25 27 28 6 11 3 204 July 44 July 54 July 107 151 4,945 Signal Oil & Gas Co class A..* 25,352 Soundview Pulp Co new ..5 Class B 1.75 324 Sale 344 Sale 314 314 494 504 Sale ... 811 1 150 .........50 Preferred L70 1.95 30X 33 X 30X Sale 106 44 124 194 July 44 July 54 July 6 1.85 17,982 Rheems Mfg Co 68,126 Richfield Oil Co common Com stock purch warrants 2,431 1 1,733 Roos Bros Inc common 230 Series A preferred 100 114,669 Ryan Aeronaut Co com cap—1 9,299 Safeway Stores Inc common..* .2,767 Schlesinger (B F) com (new). Preferred (new) .25 2,220 5,329 Shell Union Oil Corp com....* 72 54 % cum conv pref.....100 410 Sherw'd Swan Co Ltd cl A 10 590 78 Sale* 6 30 33 X 30 ... 74 Mar. 44 54 34 114 Sale 4X ... '""406 5 19 4X 5X 4 11 _ 2,530 4,019 7X 20 X 5 Class AA common.--.-.—* Oliver United Filters Inc A—-* 34 Apr. 27 20 May 26 3 4 Mar. 31 Jan. 5 9 33 Feb. 21 4 Jan. 10 UNLISTED STOCKS """466 mm* mm mm mm 200 1,245 2,266 3,684 2,127 40 1,140 ""405 81 3,977 mmrnm 652 185 1,955 3,867 300 25 43 35 Alleghany Corp common * 585 Amer & For Pow Co Inc com..* 80 American Factors Ltd cap...20 16 100 Amer-Hawaiian SS Co com 100 1 60,960 Am Toll Bridge (Del) com 12,043 Anaconda Cop Mg Co,com-.50 * 4,278 Anglo Nat Corp cl A com 5,737 Argonaut Mg Co Ltd capital..5 292 Ark Nat Gas class A common.* 600 Atch Top & S Fe RR com.. 100 _.._._* 206 Atlas Corp common 11,048 Aviation Corp (Del) com.....3 700 Aviation & Trans Corp cap.. 16,180 Aviation Corp rights ... 100 1,231 B & O RR common 13,874 Bendix Aviation Corp com...5 1 100 Berkey & Gay Furn com 27,738 t Blair & Co Inc capital Bunker Hill & Sullivan Mg & Con Co common......24 2,465 Calif-Oregon Power— 6% pref Cnon-callable)—100 144 6% pref (1927 series) 100 319 1,170 Calif Pac Trading Corp com..* Preferred * 1,115 Oalwa Co common ...—.10 25 100 Ghes & Ohio RR com Cities Service Co (new) 500 $10 par 4,583 5,112 Claude Neon Lts Inc ..10 com 1 600 Coen Cos Inc class A conv— .* Columbia River Packers 2,710 Assn Inc * common 200 515 Comm'l Solvents Corp com—* * 200 Consol Edison Co N Ycom * 5,108 Consol Oil Corp common.. """298 298 ContinentalOilOo(Del)C ap__5 703 1,404 "856 "722 50 44 25 10,856 8,238 2,040 5,363 Curtiss-Wright Corp com—..1 Dominguez Oil Fileds cap * Dumbarton Bridge Co com.. 10 Eiec Bond & Share Co com.. _5 35 Fibreboard Prod Inc prior pf 100 * 10,191 General Electric Co com.. 1,125 Hawaiian Sugar Co capital..20 414 Hobbs Battery B capital 725 cl A cap 199 Holland Land Co com * ._.* * 1,386 3.290 31,104 1,267 17,800 11,820 8,182 39,863 39,975 4,6^9 897 • Nonpar value, il* At 34 Sate* 144 124 65 80 80 7c 1.55 1.15 374 74 1 cum Corp of Am com.l preferred 1 4 3 «) 35 17 27 12 314 94 314 Sate 25c 50c 104 114 105 4 22 1.00 20c "434 8ale 2.50 35c 1.75 30c 2 54 254 4 14 54 264 4 14 134 134 144 85 79 79 44 214 4 14 4 4 9 29 4 50c Sale 55 94 35c 2.25 Sale 12 4 13 4 54 4 25 6 14 July 6 134 July 304 July 18 274 May 23 364 Jan. 30 22 34 June 26 3 4 Jan. 23 84 Jan. 34 Jan 11 7 44 54 July 264 July 25 28 33 74 204 54 74 224 54 8 22 54 354 36 36 20c 60c 25c 74 IV* "334 23 24 25c 4 50c 1.50 54 454 4?* 64 JH 20c 25c 1.50 31 32 t Odd lots. 1.55 Apr. 26 64 Feb. 28 29 4 Feb. 24 4 Feb. 34 Jan. 17 12 7 144 July 10 114 Apr. 11 144 Mar. 10 5 13 764 July 5 704 May 15 65 Apr. 17 78 78 July 13 1 17 6 4 July 4 July 18 17 14 July 6 94 1034 374 21 2.50 20c 1.50 6 494 64 54 July 1 4 Mar. 22 33 4 July 29 18 18 74 July (t) 54 July 354 July 27 5 (t) 54 July 36 4 July 17 84 July 21 104 July 26 Jan. Jan. 384 214 26 3 Mar. 13 1.25 Feb. 21 344 Mar. 18 9 Feb. 14 Jan. 25c Jan. 2 5 19 13 4 29 94 Jan. 7 P 3^ Apr. Apr. 0) 7 4 Jan. 374 Feb. 3 Feb. 30c 64 June 354 July 21 July 11 26 354 July 21 July 11 26 27 2.50 Mar. 10 6 July 17 6 July 14 74 July 13c July 28 5 7 25 25 25 18 1.55 July 32 4 July 37c July 2.80 July 374 July Jan. 35c 1.75 Apr 6 Mar. 23 Mar. 2 3 54 July 10 524 Jan. 17 6 Apr. 8 13c July 28 1.60 Apr. 1 Mar. 16 2.50 Mar. 1.75 Mar. 2.50 Jan. 54 July 14 __ 314 Apr. 21 July 2.50 Feb. 124 Jan. 20 1074 June 27 424 Jan. 5 June 30c 384 Mar. 14 33 4 July 374 40c 64 5 June 20 7c 30c 6 4 64 504 764 July 64 Mar. 15 Feb. 24 114 May July Apr. 107 17c Sale 2.10 Sale 38 Mar. 13 4 33 4 July '29 40c 94 Mar. 14 15 114 Sale 3 <i« June 21 . Apr. 10 4 Feb. 17 3 74 July 5 7 3 7 2 "2" 50 4 4 18 Jan. 114 Mar. 74 Jan. 14 July 6 104 324 74 2.50 June 1 May 25 344 Mar. 18 54 July 4 July Mar. 11 Mar. 13 13 50c 6 204 64 1054 170 67c 36 36 64 4 20 214 Apr. 84 July 34 May 5 25c 16 Jan. 45c ...... 33 4 10 304 2 ~2~40 54 July 224 July June Mar. 10 17 7c 2 Sale J 25c 64 17 44 July 18 764 July 78 July 80c 4 "32"" 30 143 118 25 15c 74 50c 374 Sate 42 764 (0 24 July 314 Mar 24 July 304 Apr. 144 June Apr. July 1484 Apr. >u June 26 80c 384 5 11 304 84 304 t Formerly Bancamerica Blair Corp. 6 Sate 20c 84 7% 4 23 28 75 65 54 ;alo Petrol *iH 134 7 100 " 24 2i« 1.50 Capital. V* 34 124 14 5 34 54 July 54 44 12 114 Sale 114 July 124 1574 159 1664 1684 1664 July 48c 48c 51c 54c 50c July 224 Sale 254 264 224 July 10 10 84 84 84 July 6 44 54 54 54 July 34 24 24 J* 28 26 244 304 304 July 84 74 84 c 9* 3 4 July 34 Sale 44 Sale 2 14 14 24 500 Amer Pow & Light com—_.__* com * 6,541 Amer Rad & Stand San 15,065 Amer Tel & Tel Co com 30 694 2* 28 11 11 Jan. 20 7 Jan. 3 524 Jan. 17 94 Feb. 27 37r Jan. 2.80 July 404 Jan. 7 25 11 SAN FRANCISCO STOCK EXCHANGE 64 aggregate STOCK stocks 1939 Bid Par Shares Shares 5c 355 Marine Bancorporation cap..* 1 045 Matson Nav Co capital——* 20*4 22 20 30 1,030 McBryde Sugar Co Ltd cap—5 102,730 M J & M & M Consol capital _1 391 Monolith Portl Cement com..* 3 *4 15c 4*6 17c 26,375 20 3*4 6 10 7*6 9 Preferred 965 10 — Montgomery Ward & Co, Inc. common 13,829 28,553 Mountain City Cop Co cap..5c 3,226 Nash-Kelvinator Corp cap—.5 100 Nat Distillers Prod com * 14,482 Nor Amer Aviation Inc cap—1 948 North Amer Co common .* 1,964 Oahu Sugar Co Ltci capital..20 586 Olaa Sugar Co Ltd capital. .20 515 Onomea Sugar Co capital—20 700 Pacific Indemnity Co cap—10 4,082 5,222 494 ~ 1,860 100 406 17 584 Pacific Portl Cement com. 117 "179 1,197 "170 *"222 1*207 4,815 1,339 1,775 40 20 480 2,759 18*1 Class A 230 45 4% 2 ""75 _ 2,215 600 3,008 15 1,010 ..... 22 23 22 28 20% 28% 27% 28% 31 2sk 29 § *r 3 6% 10 {% 110 Sale 1031 7 12 70c — 08% % 80c 6% 85c 1*4 29 43 July 3% July 1 14 43*6 July 3*6 July 1 19 6*6 43 10 July 6*6 July 9% July 5% July 4*6 July 20 4*6 July 20 July 11 5*6 July 20 15*6 July 22 27% July 12 5 28*1 July 29*6 July 10 1 33*6 July July 6*6 July 1 26 6*6 July 6 17% 35% 2% 16*6 37*6 75c 75c 80c 51*6 % 52*6 1 1.00 4% 4% 2% % 18 July 28*6 July 29 July 29*6 July 33*6 July 55*6 July 22 Mar. 28 13*6 21*6 19*6 356 18*6 30*6 Apr. 16c 23 Jan. 28 43 6*6 Jan. 1 26 June 23 July 14 Apr. 10 Jan. 3 3 July 6*6 July 26 9*6 July 28 1 45 July 13*6 July 19 7 18*6 July 39*6 July 3 % July 17*6 July 38*6 July 2*6 July 60c July 44*6 July 75c July 54*6 July 1 5*6 4*6 4*6 8 4*6 July 5*6 July 25 26 Mar. 17 2.45 Feb. 48 Feb. 7 Apr. 10 Apr. 1 Feb. 15 Mar. 14 18 Apr. 8 22 28 11 4 10 3 17 11 4*6 Jan. Jan. 4 23*6 11*6 8*4 1*6 Man 9 Mar. 15 Jan. 5 Apr. 1 Feb. 6 28*6 7*6 25*6 26*6 28*6 29 y8 Cfl 5*6 Apr. 2 Mar. 20 Feb. 28 Mar. 3 Jan. 13 July 17 June 16 29*6 June 33*6 Feb. 5 7 Jan. 4 June 6 May 4 43*6 Apr. 10 6 7*4 Mar. 10 47*6 Mar. 21 U) 8*6 July 11 24 May 26 40 8 7 11 12 45 29 18*6 July 17 42*6 Feb. 28 3*6 Feb. 24 June 10 Apr. 44*6 Jan. 16*6 May 35 Jan. 2*6 May 54c Apr. 44*6 May % Feb. 40c Apr. 4*6 Apr. 4 May 24 18 10 18 28 18 May 26 July 19 14*6 Mar. 5 Jan. 47 18 Feb. 75c 21 69*6 Jan. 4 *6 Feb. 28 1 Jan. 31 18 656 Mar. 10 5*6 June 9 13 % May % 19 33*6 Mar. 4 3 Jan. 25*6 May 16 4*4 Mar. 9 July Jan. 1 19*6 Feb. 16 Feb. 28*6 Jan. 3 Mar. 25 Mar. 17 9*6 5*6 196 4*6 5 8*6 Mar. July Apr. 32 2.00 4*6 4*6 3*6 3% 19*6 38 3*6 40c 6 7 28 21 Feb. 8 15*6 July 23*6 Jan. 27*6 Jan. "37*6 3 4% 8 7 42*6 July 13*6 July 45 13 36 Sale Jan. 4 8 15 21 4*6 July 8*6 Apr. June 12 10c 20 42*6 37 25c 4M 15 20*6 July 3 5 6*6 45 60c 6% 6% July 29 20 28 12 7% 44% Vs 2.00 4H % 29 % 16% 34% 2% Sale 6 704 West Coast Life Ins Co cap—5 50 West Air Express Corp com. _ 1 100 Western Pacific RR com...100 Sale 2 3*6 Feb. 20 28*6 lly> 40% 3% 17*6 July 22% July 24 29% 6 5 Apr. 27 Sale 29 Jan. J an 1.75 Jan. 5% 30 iih w 1 12 14 28 5% 23% 16% 28% 7% 45% 14% 39% 2% 43% 3% 1% 19% 11% 6% 2% 5% 20 8 July 25 44*6 Apr. 6 3*6 June 24 5*6 Apr. 10 5 28 21 2.50 103 110 110 8*6 8*6 6% 6% 7% 35 20*6 July July 4% July 8% July 55*6 July 4*6 July 7% July 51*6 July 3 % July 7% July 22 41 42 12 28 21 4% 23% 9% 5% 1% 4% 6c 22 2 6 June 28 July 4% July 8% July 10c 3% 20% 3% 1% 11c Sale Prices 10 20*6 Apr. 3 20 6% 41 24 19 14% July 22% July 191% July Sale 3 7% 52% July July Highest Lowest Sale Prices 5c Jan. 13 23 33% Sale 8 6 51*6 * 24% 18% 26% 28% 29% 17 24% 27% 24% 18 5 24 23% 1% 5% 28 4% 53% 4 7 25% 11% 5% 9% 5% 1% 4% 2% 7% 52% 3% 6% 23% 40 17 16 23% United Aircraft Corp cap United Corp of Del common Los 1% 5c 21 8% 3% 1% 3 8% 22% 30 3 3% 11c Sale 4% 6 20% 19% 1.60 3 Sale 43 13 7% 2% 5% 24% 3*4 26 1.50 50 Sale 10 25 pref. 2.50 23% 5 * U S Petroleum Co capital.. 1 U S Steel Corp common * 210 Utah-Idaho Sugar Co com—5 25 1,615 Vica Co common. 5 8,145 Warner Bros Pictures com 8,100 3,520 9,725 37,811 930 22 2% 24% * preferred 5% 1.65 49% 3% 6% 14% Sale 20% 21% 19% 20% 3% 5 22%. 25 23 4 * Class B common 200 Texas Corp common 190 Title Guaranty Co cum Sale 4% 8% 24 23 18 % lie 48% 3% 5% 8*4 27% 20 Superior Portland Cement— 395 220 200 10c 6 *4 22 . 3 50 H 27 y* 22% 30 3*4 4% 8% 6*6 8*4 .100 . 5c 20% 19% 49 *4 541 6*6 % preferred 100 6,087 Packard Motor Car Co com..* 197 Park Utah Cons Mines com__l 700 Pennsylvania RR capital—50 437 Pioneer Mill Co Ltd capital_20 * 11,163 Radio Corp of Amer com * 150 Radio-Keith-Orpheum com. * 3.550 Riverside Cement (Del) A 304 Santa Cruz Portl Cem com..50 10,403 Schumacher Wall Board com Preferred * 2,360 3,033 Shasta Water Co common—* 25 26,657 Sou Calif Edison common C 5*6% preferred 25 8,334 B 6% preferred. 25 13,341 —25 286 Sou Calif Gas 6% pref Sou Pacific Golden Gate Co— 186 6% preferred 100 * 3,462 Standard Brands Inc com 25 400 Standard Oil N J capital Stecher-Traung Litho Corp— Cum preferred 40 100 1 10,364 Studebaker Corp common Sunset-McKee Salesbook Co— Class B common * 20 120 915 10c Highest Sale Prices 6c July 8 21 July 19 Sale Prices Ask 12c Ask Bid 5c 8c Bid Lowest July 31 July 1 Ask 1,800 Kleiber Motor Co capital—.10 1,100 1 Price EXCHANGE Jan. 3 Since Jan. 1 July range since jan. prices in july FRANCISCO SAN sales In *4 May 13 Angeles Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE Shares_ July Jan. 1 to July 31 1938 July 911,343 3,848,522 338,112 2,760,303 1939 Bond Sales 1938 1939 Stock Sales Jan. 1 to July 31. aggregate prices LOS ANGELES sales July Jan. 1 STOCKS 12",769 200 2,249 Assoc Gas & Electric A 130,678 Bandini Petroleum Co 115 5 *6 % 1 1 100 648 25 30 206 " 4,206 774 1,360 1,868 900 ""758 1,4 5 7,300 45 400 "4",092 ""300 2,344 2,543 18,600 200 150 13c 200 2,919 14,516 8,045 40,880 30c 13c 32 30c 39c 35c 42c 2*4 5*6 2*6 1 *4 6 B lc Douglas Aircraft Corp Electrical Products Corp Emsco Derr & Equip Co Exeter Oil Co A 270 Farmers & Merch Nat Bk 1,518 tFitzsimmons Stores Ltd 100 General Metals Corp 27,065 General Motors Corp 4 «__5 1 100 25c 90c 67*4 7*6 4 77% 10*4 10*6 70c 370 8*6 5*4 5*4 64*4 9*6 7*6 43c 380 5*6 41% 6*4 2.50 10 common 15 5*6 7 8*6 25*6 38*6 — 1.00 8*6 1% 17 4*6 2*6 1.00 24 , 18*4 13*6 1*6 68*4 7*4 4*6 9\ 5*6 --- 25 19 3*6 Jan. July "27 25*4 Apr. 6*6 July 7 July"27 29*6 35c July 13 35c July 13 (0 July 60c July 5*6 July 6 13 17 (0 2*4 July 60c July 5*6 July 12 13 17 2 14 19*4 Sale 90c 1*6 81*6 82*6 7*6 7*6 4*4 5*6 9*4 10*6 5*4 6*6 5*4 69*6 70*6 10*6 10*4 35c July 6*4 Apr. 25 13 Jan. 2 33 30c Mar. 16 Feb. 7 Jan. 13 13 75c 10c Apr. 17 1 *4 Mar. 22 60c July 13 5*6 Apr. 21 75c Feb.I 12 3c June 28 2c 3c Apr. 15 3c Apr. 6 16 13*6 June 7 15 Apr. 6 20 12 17*6 May 16 1.00 90c Apr. 19 61 Apr. 19 83*6 7 9*6 Apr. 11 3*4 Mar. 30 6*6 11 7*4 Mar. 30 5*4 3*6 Feb. 16 6*4 Mar. 14 6*4 71*6 60*6 Apr. 27 9 Apr. 11 11*6 6*4 Apr. 10 10*6 40c Apr. 28 67*6c 12*6 July 31 74*6 7*6 4*6 9*6 5*6 12 20 11 10 5 83*6 7*4 5*6 10*6 5*4 27 3 18 13 25 July July July July July July July July July July 6 Jan. Jan. 8 Jan. lc 31 30 Apr. 17 3*4 May 20 3c 0 0) 12*6 July 5 10c 3c 71*6 July 18 71*6 July 10*4 July 9*6 July 8 Sale 8*6 July 7*6 July Sale 55c July 43c July 49c 52 *6 c 390 388 July 375 392 390 July 11 11*4 July 11*6 11 July 11*6 6 7 6*4 42 July 47*4 48*6 43*6 July 5 49 7*4 6*4 7*6 16 17 18 (i) (t) 7 July 7 7 6*4 7*4 July 28 8' 7*6 9 9 9*6 July 8*6 9*6 July 13 32 July 28 26*6 July 12 29*6 30*6 40*6 39*6 July ~ '40*6 July 39*6 41 1.10 87 *6 c Sale 1.20 July 85c July 2*6 1.20 2*6 18*6 18*4 20 6 5 July 4*6 5*4 5*6 July 18 1*6 87*6c 1*6 July 1 *6 July 10 1*6 65*4 Sale 8 Mar. Sale Prices 1 Jan. 11 2c 4c 18*4 12*6 3 Mar. 31 12c 5c 13 17*6 11 4*4 July 29*6 10c lc - 65. 5 8*4 lc — page 30 3c 11 67 General Telephone Corp 20 3,740 Gladding McBean & Co * 11,093 Globe Grain & Milling Co— .25 2,359 Golden State Co * 12,289 Goodyear T & R Akron com..* 20,617 Hancock Oil Co A 113,690 Holly Development Co —_1 515 Holly Oil Co 5 300 Honolulu Oil Corp * 1,466 Hudson Motor Car Co * 3,224 Hupp Motor Car Co see 7*1 25c 10 common Sale Prices 75c Jan. 28 3c 4*4 20c 2*6 10 5,426 Broadway Dept Store com 4,600 Buckeye Union Oil com 1 3,000 Common vot trust ctfs 1 1,072 Preferred 1,000 Preferred v t c 1 993 Byron Jackson Co _* 1,968 California Packing Corp ♦ 2,838 Central Investment Corp._ 100 700 Chapman's Ice Cream Co * 19,197 Chrysler Corp 5 11,532 Consolidated Oil Corp * 7,625 Consolidated Steel com * 18,893 Preferred 4,658 Creameries of America v t c—* 350 District Bond Co 25 Highest Sale Prices 1.00 5*4 7*6 29*4 Warranto 24,667 Bolsa Chica Oil Corp A For footnotes • Ask 5*6 6*6 27*4 * 50 preferred 355 General Paint 67 100 . 3,100 Barnhart-Morrow Cons 1 3,950 Berkey & Gay Furniture Co—1 Qfi "3",072 1 Highest Lowest Lowest Sale Prices July 31 Ask Bid Bid 50c 87 *6 c 50c Par 475 Barker Bros common 20 July 1 1939 Shares " since jan. Jan. 3 Since Shares range in jlly Price STOCK EXCHANGE In 4 12 8 May Apr. 15 6 Apr. Feb. 6 June 21 Jan. 19 Mar. 31 July Jan. Jan. June 27 6 4 9 July 25 Mar. 14 July 18 18 Mar. 10 9 Jan. 4 28 Jan. 20 12 Jan. 4 399 7 360 Mar. 6 9*6 May 15 12*6 June 10 17 6 6 May 6 May 6 37*6 Apr. 51*4 Mar. 10 28 5*4 Apr. 7*6 Ma*. 6 (0 CO 6 Apr. 9*4 Jan. 7 28 5 Jan. 11 9 May 4 6*6 Apr. 10 9*6 June 23 12 22 24*6 Apr. 26 35*6 Mar. 8 33 Apr. 11 42*6 May 11 18 1.40 Jan. 20 85c July 27 19 2 Mar. 31 2*4 Jan. 12 22*6 Jan. 23 22*6 Jan. 23 7 Feb. 2 5*6 July 18 25 5 2*6 Jan. 1*6 June 7 10 , AUG., 1939] 65 STOCK EXCHANGE ANGELES LOS AGO REG ATE SALES PRICES IN JULY LOS ANGELES STOCKS July Jan. 1 Shares 680 8,050 2,019 1,646 1,217 775 6,120 200 ~Y,i6o 500 ~Y,9O6 """560 370 3,165 18,000 1,195 53,496 25,353 41,363 16,063 6,575 115,002 4,500 6,000 7,245 32,300 5,866 25,030 2,880 5,150 13,699 L Industries Inc A 385 1,910 1,281 2 _ Investment Co 1 Menasco Mfg Co Merchants Petroleum Co 1 Mt Diablo Oil 400 486 188 192 """925 960 8,050 40 3,403 2,074 " 1,746 10,585 3,800 409 200 178 8,495 9,305 2,600 """265 3,157 300 232 10c * July 31 Ask Bid Bid Lowest Ask Highest Lowest Sale Prices Sale Prices Sale Prices Preferred series C ..-.10 25 10 28k 31k 28k 25 -25 10 * * 10 Preferred 10k 29k 32k 29k 28 Sale 6k 7k 20 k 21k Ilk 12k 3 k Sale 10 18,610 Republic Petr Co Ltd 12 ----- 27 k 43 k * 25,400 Rice Ranch Oil Co 59,118 Richfield Oil Corp common- 50 1 35 18c 9 Warrants 40 25c Sale Sale 3k 3k 7 k Sale 28 k 29 k 28k 30 14k 15k 6c Sale 2 k 18,600 Roberts Public Markets. 139,612 Ryan Aeronautical Co * 4,818 Sate way Stores Inc 1,686 Security Co units 727 Shell Union Oil Corp * 25c 28,000 Sierra Trading Corp * 7,567 Signal Oil-Gas A * 5,487 Sontag Drug Stores 25 55,053 So Calif Edison Ltd com 822 Original preferred 25 6% preferred 25 24,168 5 k % preferred 25 24,342 743 So Calif Gas 6% pref 25 25 10,716 So Calif Gas A 6% pref 100 53,866 Southern Pacific Co * 37,020 Standard Oil of Calif1 3,609 Sunray Oil Corp 25 9,707 Superior Oil Co common * 1,356 Taylor Milling Corp * 118,066 Transamerica Corp 25 76,409 Union Oil of California 10 8,624 Universal Cons Oil Co * 1,226 Van de Kamps Bakeries 2,602 Weber Showcase & Fix pref--* - 30k 8k 24 k 42 k 28 k 27 k 10 Sale 43 29 Sale 31k 21k 32 Sale 28 Sale 2k Sale 8k 2 43 8 6 k 18 k 15 k 7k 4k 1 -10 1,861 Yosemite Portl Cement pref 10 - 31k 31 - 14,282 Wellington Oil Co 400 Western Pipe & Steel Co- 2c 4c 2c July 9k 10k 10k 7c 11c 5c 6c 9 k July 5c July 24 k 2 25 k 26k Sale Sale 4k 2k 4k 4k 40c 45c 45c 2k Sale 4 k 17k 3k - STOCKS— 2,170 Alaska Juneau Gold M Co. 10c Black Mammoth Cons M ColOc 203,800 121,200 Calumet Gold Mines Co—10c Sale Sale Sale 8k 8 Sale 20 4 30c 2k •2k • 55c Sale 25c 15c lc 42c 45c 5c 18c 8c 49c 47c 60c 5k 4k 1 Ilk 25c 10k Ilk 12 25c 45c July 2 k July 2 it) 25c 3c 45c July 13 45c July it) 13 it) 6c 13c 45c July 10 60c July 24 ft) Ilk July 21 30 32 44 k 5k 20 k 8k 2 30 12c 7k lk 5k 5k 30k 33 k 30k 32k 45k 5k 21k 9k o?* 33 2,5c Sale Sale Sale Sale 32k 34 k 30k 33 «) Ilk July 21 35 49 k Sale 5 35 30 k July 34 k July 33 k July 34 k July 31k 31k July 31k July 33 35 50 50 6k 22 Sale 8k 2k 32 9k «!* 16c 22c 7k lk 5k 7k lk 5k 5k July 47 k July Sale 38k 39k 44 k 29 30 29 k 45 k 30 10k 10k 10k Ilk 3c 11c 3c 6 k July 22 9 July July 2 July 6k 22 k 9 July 2k 32 k July 16c July 34 16c 7 k July 8k lk July k July 5k July 46 July 29 July (t) lk 5 5k 6 27 12 24 18 27 28 13 17 25 July July July July July July 26 July 21 July 17 July July July 17 July 18 July 13 (0 5c 27 k 25k 9k 26 k Sale 44 k 42 k Sale 29 28 k 33 k 33 k Ilk 29 Sale Ilk Sale 26 lk 40 k 8k 5k 16k 2 43 k 2 10 7 3 c,W Sale 44 k 29 k Sale 39 45c 30 6 k June 20 May 9 30 k July 19 9 k July 17 28 k July 18 44 July 17 29 k July 14 29 July 17 34 k Sale 26 k 10 33 k July 12 July 2 40 k 9 Sale 16 k Sale 34 July 15 k July 27 July 25k July 5k 16 k 14 k 2 k July July July July July July July 41k July 9 July 6 July 16k July 17 k July 6 k July 2 k July 7k 3 7 17 7k Jan. 19 Feb. 30c 12k Mar. Ilk Apr. 10 k Feb. 33 k Mar. 34 July 31k July 35 July 50 July 6 k June 22 k July 9 8 July July 30 June 15 15c June 30 16 __ 14 18 9 11 12 24 18 27 9 13 7 17 10k Mar. 7 3k Jan. 2 6k A nr. 1 k July 3k Jan. 23 Jan. 10k 3 k 5 k 7k 11 1 9 Jan. 30c June 29 5 21 17 Jan. Jan. 18 6 July 3 Jan. July 18 Mar. 10 46 24 31 26 Jan. 6c June 28 Jan. Jan. May 12 10 25 40k Apr. 4 28k Apr. 21 27k Jan. 3 28 k July June 18 29 k June 1 29 6 June Jan. 20 June 21 Jan. 4 Anr. 14 July 24 Mar. 10 June 9 Jan. 10 Mar. 9 44 Jan. 17 32k 32 Apr. 10k Apr. 17 34 k 8 25 k May 21k 30k 2k 25 12k Apr. 16 11 11 3 29 1 8 lk Apr. 35k Apr. 7k Apr. 5 k June 16 k July Jan. 4 Mar. 15 11 28 6 k July 4 k July 15 14 2k Apr. 13 k July 28 3 k July 21 28 13 k July 3 k July 3 5 32k Jan. 24k Apr. 8 7 k Apr. 14 23 6 36 30k Mar. 22 8 13 k July 3 k July 11 Jan. 18 22 18 24 10 13 12 18 10k 14k 3k 15 Jan. 20c 85c 13 3c 26k July 9 k July 26 k July 44 July 29 July 28 k July 10c 7 Jan. Feb. Jan. Jan. 4c 55c 8 18 18 8 30 20 26 43 7 7 Apr. 5 4 5 k Jan. 25c Apr. 25 60c 6 Feb. May 16 Apr. 28 24 4k Mar. 1? 9k Apr. Ilk Apr. 9k Apr. 28 Apr. 31k Jan. 29k Jan. 27k Jan. 25c June 30 36 k Feb. 2k Jan. Apr. 25 Apr. 1 July 13 Apr. 10 Apr. 28 July 10 32 J* 42 13k 3k Sale 15 3k ■28k 44 k 29 k 28k 33 k 33 k 14 k 26 k 5k 16k 16k 9k 5k 3k 12k 3k 8 5k 2k 32 9 9 Sale 14 12 30 46 5c 11 k 14c 12 4k Apr. 10 9k 33 45c June June 39c 12k 30 Mar. 9 Apr. 22 22k Apr. 26 lk Apr. 11 3k Jan. 5 2 k July 4 k July (0 Highest Sale Prices 41c Jan. 16 9 k June 20 5c July 25 5k tY" July 2 July 4 k July 40c July 2 k July 2c 18c 45c 26 6c 8c 2c July 10 k July 7c July 28 July 4c 36c 52 kc 7c 5c 30c 30c 4c 15c lc 25c Ilk 12k 10 9,735 Pac Gas & Elec Co com 1st preferred 6% 4,397 1,360 5k % 1st preferred 11,460 Pacific Indemnity Co 9,179 Pac Lighting Corp com 25c 5c 10c 2c 10c 22c 1 Corp common--10 Preferred A 9,405 Sale 77kc 80c 6k 7k - Pacific Distillers lnc 653 70c 17c . Clay Products Pac Finance J 48c 1 5 Corp Oceanic Oil Co Pacific Sale 50c 05c 60c 03c Ming & Dev Nor don Corp Occidentai Pet 11c 34 k 5k, Sale 21c Mid-Western Oil Co 834 Pacific Public Ser 1st pref 950 Pacific Western Oil 3,617 7,666 50c 1 350 270 140 2 k 3 H 10 360 Pacific Puoiic Service 1,690 10c 33 H Mascot Oil Co 100 6,700 2,549 3c 1 1 Corp Lockheed Aircraft Corp 958 290 36c 1 Co Lincoln Petroleum LA Ask 40c 06c 8k Intercoast Pet Corp Jade Oil Co tLane-Wells July 1 1939 Bid Par 240 1,553 SINCE JAN. Jan. 3 Shares ~2,066 RANGE Price -STOCK EXCHANGE Since In 20 1 18 28 28 45k 10k 7 k 3 19k 17 k July 25 9 k June 5 6 k June 5 Jan. 2 4 13 k July 3 k Jan. 21 Jan. Jan. Jan. Jan. 10 2k Jan. 2c Jan. 16 9 MINING 125 50,200 8,500 3,700 600 19,000 15,975 52,880 3,025 97,000 11,000 46,875 Cardinal Gold Mining Co Cons Chollar G & S Co 5,219 3,632 14,937 19,393 1,516 Amer Rad & Stand San 1,666 3,895 1 71 30 1 Zenda Gold Mining Co 1, 1,426 T263 785 70 25 388 7 1,900 241 465 573 794 360 220 895 1,601 372 555 730 465 1,072 693 1,371 2,420 2,564 956 260 1,050 490 869 4", 551 70 1,289 806 335 855 764 3,225 85 1777 410 817 463 500 4,040 2,658 1,220 215 • I 11c 8c 11c lk Sale lkc 1.05 1.25 lc 2c 6kc July 1.15 July lkc July 3c, 17k 51k 149 22 k 5 28 k 31 5k 53 5k 89 * 46 10 153 Cities Service Co Columbia Gas & Elec Corp Commercial Solvents 7 * 5 1 (Del) Corp Class A 3?l Electric Bond & Share 5 Electric Power & _ Light Corp. IP General Electric Co * 43 Corp * __* 39 Goodrich (B F) Co International Nickel Co * 23 k 54 k International Tel & Tel * 9k Kennecott Copper Loew's Inc. * 42 k * 53 k 50 Corp: Montgomery Ward & Co.- * New York Central * 1 * RR North Amer Aviation Inc North American Co Ohio Oil Co Paramount Pictures 8c 10c 8c 2c 2kc 2kc 4c 18k 150"" 34 k 6k 22 k Sale 3k Sale 32 6k 47 41 7k Ilk lk 31k Sale 25 „-l --25 25 -.10 Union Carbide & Carbon United Aircraft Corp. * * - 10 -100 21k 19 5k Ilk Ilk 43 k 39k 24 k 55 k 9k 43 k 54 k 50 k 22 k 6k 6k 32k 42 k 15k 45 k 5k 31k 40 k 48 k 12 k 7k 7k 33 k 43 k 16k 46 k 25 k 9k 14k 15 21k Sale 6 31k 41k 49 k 13 k 6k 7 3 3k 8k 5k lk 5k lk 13 k 14 17k W/s 75 74* Ilk 6k 41 7k 19k 6k 17 k 47 k 14 k 35k Ilk 72 k 34 k 90 k 40 k 2 Sale 68 k 6k Westinghouse Elec & Mfg—50 118k 21 5 Warner Bros Pictures.—-—-5 t Listed May 3, 1939- 9k lk 21k 5k 7k 10k lk 24 13 Texas Corp Tide Water Assoc Oil Co No par value 21 44 k 4k * Swift & Co Steel Corp 6 -15 Standard Oil Co (N J) Studebaker Corp S 5k 5k 8k 71" 23 k * Socony-Vacuum Oil Co Southern Ry 42 5k 2 25 k 25 k 27 k * Sears Roebuck & Co U 3k 2k 21k 21k 4k 71k ._* * Seaboard Oil of Del United Corp (Del) U S Rubber Co lk 20 k 20 k 7k Standard Brands lnc 15 30c Jan. 30 5c 6kc July 1.10 Apr. 18 17 10c 10 lc lkc July 2c July 12 12 Jan. 9c 2c July 10 July lc 1.25 July 12 12 k July Ilk 12k Ilk 46 k 45 k 43 38k 38k July 157k 158 k 166 k 167 k 162 k July 22 22 k 26 k 24 k July 26k 4 4k 3k 4k (0 20 k 19k 19k 20k it) 4 3 k 4k 4k 4k July 91 Inc Radio Corp of America 7 k June 24 14c 10c 5c * - Sale 15c — Packard Motor Car Co lc 20 k 27 k General Foods 2k lkc Sale * Southern--* & Oil Co 740 Radio-Keith-Orpheum 26,047 Republic Steel Corp 1.889 5,522 5,730 4,308 6,687 3,330 12,696 2,050 4,614 3,076 4,601 4,189 2,900 17,739 21,609 12,002 1,823 6c 33 k 9,939 Bendix Aviation... 3,410 Borg-Warner Corp 805 Canadian Pacific Ry 80 Case tJ I) 3,702 Caterpillar Tractor Curtiss-Wright Sale lc July 8c July 25 3 1 6,787 Aviation Corp (Del) 50 Aviation & Transportation Continental lc July 50 5 Copper Mining (111) Armour & Co Commonwealth 7 k July 20c July 4c 10k Feb. 24 June 28 2c 10 3 6 9 10c Jan. 17 4c Jan. 20 j 100 812 Atlantic Refining Co 9,265 3,139 6,001 1,968 12,532 3,433 1,695 4,510 10,098 4,299 6,298 3.888 4,162 6,005 2,427 9,951 19,716 24,742 7,276 1,841 4,853 3,389 9,234 7 k July 14c July 3c 10c * Smelting & Refg Co Anaconda 20c lkc lc Tom Reed Gold Mines Co American Tel & Tel Co 7k 20c lc 5kc lk Imperial Development Co.-25c Am 7k 19c 9k .-1 UNLISTED STOCKS— 716 805 7k 23 kc 25c 5e Sale 38k 44 k 4 95 13 k 6k 41k 6k 17k 36 k Ilk 73 k 35 2k 39 k 45 4k 96 t Listed May 15. 1939. 8k 37k 47 J** 25 k July 26 k (t) it) (t) t 42 July (t) 5 k July (0 lk July 21k July 5 k July 24 k July 9k July 4k 76 44 k 6k Sale Ilk lk 22 5k 25k Sale Sale 38 k 47 k 4§x .p 82 83 37k 38k 3k 45 it) 26 17k 18k 50 k 49k 6k 6k 35k 36k 46 k 47 52 k 53 k 15k Sale 16k 16k 24 k 23 k 6k 6k 3k 3k 10 9k 6k 6 lk 2k 18k 17k 18 k 19k 78 k 78 k Ilk Ilk 17k 16k 6k 41k 8k 17 k 37 k 36 k Ilk 10k 3 13 k July 44 July 162k July 27k July (0 (0 4k July (t) 25 k July (t) it) (t) 42 July (t) 7k July (0 lk July 21k July 5k July 25 k July 9k July 9k July 38k July Sale 45 k 44 k 5 k Sale 107k 108k 8 July 36k July (0 18 k July (0 7 k July it) 54 k July 13 k July 15 July 22 k July 14 12 (i) o 3 July 10k July 5 k July 25 (0 Ilk July 17 k July 6 k July July 6 k July 39 Ilk July 76 July 38 July 2 k July 42 k July 51k July 4 k July (0 f Removed Sept 8 18 30 ,rA 27 27 Apr. 11 May 29 Apr. 8 5 28 6 28 Mar. 31 Jan. 26 June 16 Apr. 24 31 27 19 33 k June 27 40 k Mar. 18 26 16k May 45 k Apr. 30 6 6 Apr. 8 May 17 Mar. 18 __ 21 27 27 17 25 17 July ots it) July {t) 21k July Ilk July 83 k July 21 38 July 18 3k July 24 48 k July 21 54 July :: 5k July 24 (t) t Odd 7 42 July 25 (t) 79k July Ilk July 17k July 18 July 18 43 July 22 9 July 28 (t) 75 k July (0 July 18k July CD 7k July 37k July it) 55 July 15k July 16k July 24 k July it) 3k July 10k July July July (t) 19 k July 43 4 19k Mar. 31 22 k May 1 Ci) 32 k July ■ 4 10 18k Jan. July 14 22 44 9 Apr. 12 165k Mar. 21 k June 29 36k Jan. 5 5 k J an. 3 k Apr. 11 i0 Ilk Apr. 42 k July 152 \VA Apr. 3 13 k June 28 12k Apr. 19 k Apr. 11 10 6k June 28 3 July 5 9 June 20 5 k Apr. 10 4 lk Apr. 13k June 29 11% Mar. 31 8k Jan. 29 k Feb. 3 24 24 k May 25 ft) 52 k (Mar. (t) 8k Feb. 12k Feb. 2 k Feb. 26k Feb. 7k Jan. 26 k May 12k Jan. 12k Jan. 42 k Mar. 8 6 14 6 14 3 _ 31 19 19 4 45 23 June 20 Mar. 6 55k 9 k 39k 45k 51 k 22k Jan. Feb. Jan. Mar. June Jan. 19k Jan. 6 27 14 18 19 4 4 26 k Mar. 10 10 Jan. 6 4k Jan. 6 13k Jan. 3 8k Mar. 8 2k Mar. 17 25 Jan. 4 20 k Mar. 16 23 76 Ilk Apr. 15 k May 6 Apr. 44 k Apr. 5k Apr. 17 k Apr. 39 k June Apr. Apr. Apr. 2k Apr. 35 May 19 9 27 14 11 12 13k 21k 7 k 50 k 44 June 29 46k 14 k 84 k 41k 3k Feb 51k Jan. 69 Jan. 4 Apr. 11 6k Jan. 5 Jan. 17 Jan. P 6 10 25 3 8 17 9 17k 103 k Mar. 22 110 July Jan. Mar. Mar. Jan. July Apr. Jan. Mar. Feb Feb. 10 3 3 11 17 28 12 17 10 28 24 6 3 3 Cleveland Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON Stock Sales July July 31 1938 32,757 212,844 Shares. Jan. 1 to THE CLEVELAND STOCK EXCHANGE 1939 39,506 197,239 Bond Sales 1939 1938 July Jan. 1 to July 31 AGGREGATE CLEVELAND SALES PRICES IN JULY STOCK EXCHANGE In 136 435 200 244 MM m,m m, 1 1,335 33 947 20 530 445 489 29 671 STOCKS 1939 Shares Par 882 Air-Way El Apnli 1st 7% pf 100 1,116 Akron Brass Mfg common. 1,010 Amer Coach & Body 469 Amer Home Products 343 105 193 8 6 8% * 100 7,439 IBrewing Corp of America 3 common...... Sale 100 6 6 49 6H ...... ...1 1,733 Clark Controller new 2,038 Cleveland Builders Realty...* 16 2 5,264 Cleveland Cliffs Iron pref....* 335 Clev El 111 $4.50 cum pref....* 8.187 Cleveland Rys .........100 24,726 Cliffs Corp v t c_. .* 6,260 Cliffs Corp 5 1,174 Colonial Finance Co common. 1 625 Commercial Bookbinding.. * 2,143 Dow Chemical 5% pref 100 4 2,857 Eaton Mfg. Co. common 57 107 % 19 5% 50 Sale 85 20 3 61 10 14 12 17 63 15^ 70 16 3 23 5H 26 "430 * 330 Fostoria Pressed Steel 3,408 General Tire & Rubber com..5 230 General Tire preferred.. 100 4,798 Goodrich CB. F.) Co.common * 965 6,4.93 Goodyear Tire & Rub com...* mmmm - m 55 12 70 ""374 23 ""'462 164 130 1.595 29 '345 662 264 mmmm 275 mm mm m m m 445 326 10 82 mm mm mm, m 1,434 405 m mm 100 m 10 m m 255 75 656 110 5.242 434 mm* m 128 ♦ 455 200 700 272 205 135 722 95 40 633 Greif Bros Cooperage * .......5 200 Halle Brothers.... Preferred .........50 1,381 308 Hanna (M A) $5 pref 185 Harbauer 2,217 Interlake ...— SS * ...—.* ....* ..... ..... "~5% 41 % 634 14 7H 53 54 12 11 8 July 734 July 634 July (*) 10 22 7 1334 July 734 July 634 July it) 21 22 7% 45 12% 93 17 234 46 13 91 16 2 62 50 114 111 17H 18 17 12H 1034 11 7% 13% 8 10 734 634 July ^Tuly 22 July 1334 July July July July July 11234 Julv 1754 July Sale 1634 July 24 July 13 July 20 115 July 7 (t) 50 July 28 45 95 ??* 5!* 118 20 21 51 10 9% 13 1034 1134 11% 234 19 11% 2% 21 22 23 15 100 17 39 25 25% 18 19 3034 27 % 13 33 ~36~" July it) 3034 July 5 21 19 July 3034 20 38^ 51 1134 3834 95 60 25 3,494 1,430 905 2 % 19 5 (July 19 4 234 Jan. 61 3 114 17 2334 14 22% 30 1634 12 28 13 934 May 13 Mar. 9 13 8 May 18 Jan. 31 Jan. 4 July 24 Jan. 14 Jan. 11 11434 July 28 11834 Jan. 19 2034 May 23 2034 May 23 49 70 Jan. 14 July 12 Apr. 16 19 15 21 July Jan. Jan. 234 June 5 7 9 2634 Mar. 14 14 *100 Jan. 20 it) July 26 July 31 1% % 3034 25% 234 3534 July 20 18 July 17 13 July 3 3 234 July 10 Sale July July July 10 3734 July 14 July 134 July July July 27 17 3954 July 29 16 July 31 154 July 25 65 19 34 Apr. 24 9434 Apr. 25 15 July 12 Apr. 24 Apr. 27 40 29 31 (t) (0 634 Sale 19 it* 12 , July 20 July 834 July 4634 July it) 834 July 4634 July it) 6 10 14 20 33 June 3% 33 334 July 2954 July 13 3 37 Jan. Feb. 154 Julv 54 July 19 20 2234 Mar. 1434 Jan. 454 Jan. 31 Feb. 17 18 834 10 it* it* 10 (0 July 17 14 14* 14 July 18 1034 July 3334 July 7 July 13 3 7 834 * 3334 9 July 21 34 July 20 1034 Sale 834 Sale 3734 834 (0 14 Apr. Jan. 16 June 15 29 234 Jan. 13 Feb. 21 21 it) 334 Mar. 21 15 Apr. 8 834 July 10 46 34 July 14 60 5 * 17 18 13 28 51 July 7 Seiberling Rubber pref * Stouffer Corp— Class A $2.25 cum prer .«* Thompson Products Inc com.* Troxel Mfg .1 Union Metals Mfg Co.... * Upson-Walton .1 33 29 Sale 13 % 35 20 22 234 11 35 26 334 434 1334 4% * 1# Sale ___* 7 534 1% 13 % 2 14 H 1054 60 69 62 11 14 9 52% 55 42 1334 6634 934 43 July 15 (*) July 5 12 July 14 3 July 18 2 54 July 3 434 July 19 34 July 26 <0 62 July 18 (0 3 (t) 7 35 July it) 15 334 July 19 12 July 14 July 2 54 July 4 34 July 133 July it) 62 July 18 3 19 3 18 5 18 5 Jan. 9 Mar. 7 Jan. 17 Jan. Jan. Feb. Feb. 23 134 Jan. 34 Apr. 24 254 Mar. 14 11 3034 Mar. 31 Jan. Apr. 17 Apr. 25 7 12 Apr. Apr. Apr. 11 4 5 954 June 16 Feb. 17 634 Jan. 11 30 1 26 16 June 1234 Jan. July 1434 Jan. 11 % Mar. 37 % July Jan. 3 8 91 34 18 Jan. 20 17 Jan. 6 June 20 10 50 6 VJ une 2234 Mar. 16 934 Jan. 18 4 3 34 May 19 2954 July 3 8 July 14 July 1034 July 3754 July 7 17 34 Mar. 13 154 July 13 it) 10 2 5 7 14 17 it) 19 15 3954 July 30 15 73! 2 11 24 Mar. 16 Jan. Apr. Apr. 254 July 9 Apr. 1434 Jan. 65 1% 1 10 Mar. 27 19 12 Feb. 27 Mar. 16 Jan. 15 1534 Mar. 4 July 17 4054 July 28 Feb. Jan. 4234 Jan. 1134 May 16 37 May 29 97 May 25 60 1234 UH it) 3034 July 454 Jan. 12 1 18 28 28 74 24" 11% 13% 1,179 White Motor 334 10 3 * 2.615 Youngstown Sheet & Tube...* 34 45 29% * com Apr. Apr. 12 Apr. 13 34 June 10 July 3 13 934 * 5 com 40 101 3834 July July 101 1734 July 434 July July July 4 13 19 15 5 9Q * 40 Sale 17 154 M* 17 1534 1834 60 29 6 14 37 36 16 2% 20 8 3554 July 16 1234 3934 Sale 75 31 -_* ..... Rlchman Bros.. Seiberling Rubber Co ( Odd lots. 17 3 42 40 10 45% Sale 17 42 July July 1434 1334 334 5 * .2 1,062 Warren Ref & Chem com 2,479 Weinberger Drug 715 W R I Corp pref...... .100 12h * * common 1,665 5,163 Van Dorn Iron Wks Co 980 Vlchek Tool value? 4% 15 35 17* * ... 2,399 Patt erson-Sargen t 983 Reliance Elec & Eng com 32,511 3,826 6,673 363 234 ..........100 209 Nineteen Hundred Corp A 628 Ohio Brass B 45 Ohio Confections A 3,048 Otis Steel Co 1,684 Packer Corp 101 3i* ._?* 16* 17 49 1434 50 824 Metropolitan Paving Brick * Preferred ....100 28 __* 610 Midland Steel 6,216 National Tile 1,600 Nestle LeMur "A" Mar. 29 234 Feb. 29% 21 11 Preferred June June 26 154 June 28 43 May 18 14 21 23 20 16 4 ian. 97 112 10 13 54 7734 Apr. 25 734 Jan. 31 45 July 6 14 % May 24 15 *95 20 33 15 468 Miller Wholesale Drug * 1,289 Monarch Machine Tool Co...* 840 Murray Ohio Mfg * 90 Myers (F E) & Bros Co com.. * 1 1,324 National Acme Co com .....25 1,774 National Refining New common.. * 7,787 $6 prior preferred......—* 1,781 6 Mar. 10 634 Mar. 31 41 Apr. 3 9 Apr. 10 90 May 17 6 11 10 ^-Pr. 1334 July 21 734 Feb. 27 8% Feb. 8 15 6 12 21 29 27 22 12 19 19 10 6 4 4 June 77 7 45 July 1334 July 9234 July 15 18 July 2 3 July Sale 47 July 114 11234 July 17 1834 July "13 H July July July 114 118 11434 July (0 26^ 25% 52 49 50 July 15% 634 Apr. 654 Apr. 1134 90 11% a* Highest Sale Prices 12% 7734 7% 87 13 Lowest Sale Prices 94 39% 115 McKay Machine .._....* ...._* 1,653 McKee (Arthur G) B 2,693 Medusa Portland Cement....* 500 No par "23" "26" 1,900 Jaeger Machine ._........* * 4,280 Kelly Island L & T .......* 5,422 Lamson Sessions.. * 761 Leland Electric 270 • 7 6 50 Highest Sale Prices 62 164 — 549 mm $5 conv cum preferred * 162 Great Lakes Towing ....100 Preferred .....100 176 1234 8 115 115% 375 Elec Controller & Mfg * 250 Faultless Rubber Co com....* ""890 10 Lowest Ask 21% Sale 25 % 50 1 Sale Prices July 31 Ask Bid 90 10 % 111 21 24 565 6% 9 80 10 73 — Preferred Bid 10 "12"" '13% -• * 100 8,240 City Ice & Fuel 197 July 1 Ask 1 com 989 Apex Electric & Mfg Preferred 140 137 Oanfield Oil Bid * .5 ... "5,391 SINCE JAN. Jan. 3 Jan. 1 July Shares RANGE Price Since 23 17 23 17 28 Mar. 25 35 Apr. 19 May 3 1034 Feb. 18 3 July 18 234 July 3 454 Mar. 30 34 July 26 2 34 10 60 June 29 Apr. 4 954 May 13 (/) Apr. 22 Feb. 8 2754 Feb. 24 434 Jan. 3 1 10 434 Jan. 5 554 Feb. 25 13 34 Mar. 4'54 Jan. 154 1434 6734 954 Jan. 9 17 Jan. 7 May 13 it) Jan. In the earlier part of this the publication complete records of the dealings country, for the latest month and for the calendar General Quotations on 1ndex to to date, the leading stock exchanges of on furnished. In this department of comprehensive whole, securities of all classes and descriptions, not the exchanges, but also leading unlisted and inactive securities. The following is an we only those dealt in year combine in are one the different classes of securities quoted: Page Exchange Seata_........................ Page Joint Stock Land Bank Mining Stocks.......................... 85 Real Estate Bonds 93 Municipal Bonds—Domestic 92 Real Estate Trust and Land Stocks 94 Textile .......... 73 78 Title Guarantee and Safe Deposit Stocks. United States Government Securities..... 85 ........ ................... 67 United States Territorial Bonds 92 Industrial Bonds........................ 81 Industrial Stocks 85 Insurance Stocks Page Stocks......................... 71 84 92 Federal Land Bank Bonds............... Foreign Government Bonds.......... ... Canadian.. ..... Public 72 Utility Bonds Public ....................100 Investing Companies Securities.......... Securities........ 84 Utility Stocks Railroad Bonds ...... Railroad 101 .......... 85 ... Stocks........................... 85 ... 92 ... Quotations for all securities are as near as possible for the closing dag of the month preceding the date of issue. The letter "f" prefixed to bond prices denotes that the quotation Is a flat price—that is, that the accrued Interest forms part of the price, and therefore the purchaser does not have to provide for It separately in making payment. In the case of income bonds and bonds in default, the price Is always "flat," and no designating mark Is employed to indicate the fact. Quotations for equipment bonds are Quotations for guaranteed stocks based on average maturities. "and dividend" that is the accrued dividend must be paid in addition to the price. of these tables that the quotations for many inactive and unlisted securities are merely nominal, but In all cases the figures are obtained from sources which are considered reliable. are It should be borne in mind in the The following abbreviations are use often used, via.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "oons" for consoli¬ dated, "conv" for convertible, "s f" for sinking fund, "1 g" tor land grant, "opt" for optional. The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE—All bond Bonds prices Bid are "and interest" except where marked "f" and Income and defaulted bonds. Ask RAILROAD BONDS Aberdeen AAsheboro 1st 5s'40JAJ f 25 Adirondack 1st 4 Ms 1942 gu MAS 72 Akron A Barb Belt g 4s 1942. JAD 101M Akron Canton A Youngs town— Gen A ref 6s 1945 series A.AAO / 31 Gen A ref 6Ms 1945 ser B.AAO f 31 29 80 Bonds Auf ns cons g 5s 1943 ser A JAD 1st cons 4s 1943 ser B.....JAD - Albany A Susq 3M» Alleghany Corp— g O Jrtificates of deposit 5«yearsec notes 4 Ms 1939.FAA O Jrtificates of deposit-_ ..! 47 9M Sec 48 extended 1944 FAA Ref A gen 5s series A 1995.JAD Certificates of deposit.. 2 Ref A gen 6s 23 H 77 FAA conv 6s 1944 Coil A conv 6s 1949....—JAD Ooll A conv 5s 1950......AAO fk 34M July 21 5s stamped 1950 ..AAO Allegheny Val gen 4s 1942..MAS Allegheny A Western— 1st mtge guar 4s 1998....AAO 77 78 69 67 M fM ioiH 50 55 American Refrlg Transit— Equip 5 M s series R 1939.. MAN Equip 5s ser F, G A H, *41-*45 Ann Arbor 1st g 4s 1995 Q-J Ark A Mem Ry Bridge A Term— 1st M 5s 1964 .MAS b b Aroostook Nor 5s g 1947——A& Atchison Topeka A Santa Fe— Gen mtge gold 4s 1995 AAO Adjustment 4s July 1 1995 Nov MAN Stamped Conv g 4s of '09 due 1955. JAD Conv g 4s '05 due 1955.. J AD Conv g 4s of '10 due I960. JAD Conv deb 4Mb 1948 JAP Trans S L 1st g 4s 1958—J A Oai-Ariz lstAref4 Ms'62 opMAS Rocky Mt Div 4s 1965... AJ Athens Term Ry 1st g 5a '37--JAJ See Seab'd Air Line 1.50 1.00% 2.50% 3.50 39 k 37 94 98 98 ' HIM 94 93 93 K 100 99 100 M 90 101 102M 103 M 95 Atlanta A Charlotte Air Line— 1st M 4M~ 1944 ser A JAJ lut M 5s 1944 ser B J " 93 H 96 M 94 1st cons J<! 4s Mar 1 2002...M— 97 Atlanta Terminal 6s 1939 113M 96 M FAA ioi" 100 Atlantic City 1st 4s 1951. JAJ 1st 5s ext May 1 1954....MAN Atlantic Coast Line RR— 70 80 10-yr coll tr 5s May 1 '45.MAN Lou A Nashv 4s Oct 1 '52-MAN b Equipment trust 4 Eq4M» 1940-41 K (yr)...FAA b Eqtr 2 J4s 1940-52 ' * ~ b Atlantic Coast Line (Conn) ... Lrred ctfs of tndebt 5s JAD 2.50 82 34 52 100 M 98 63 M 34M 55 86" 73" 104 k Last sale. 21 63 M 82 - - .. » — - . 67 M 84 60 50 M 100 75 5 6s ext to Jan 15 1947 JAJ Boston Term Co 3Ms 1947.-FAA 4s1950 JAJ Buffalo Creek 1st 5s 1941 JAJ 1st ref 6s 1961 JAJ Buffalo Rochester A Pittsburgh— Con g 4 Ms 1957 MAN A&O 38 M&N 38 J&J 33 F&A 26 7M 10 5 67 18* 76 65 36 35M 38 1st 4s Dec 30 1963 JAJ Burl Cedar Rapids A NorthCon 1st A coll tr 5s g '34..AAO 58 63 Certificates of deposit Cambria A Cl'field 5s g *41._ JAJ Gen M g 4s 1955 Cambria A Indiana RR— 4 % 4M 6 5M 104 FAA 100 M 102" Equip trust 2 Ms 1939-47..AAO Canada Atl Ry 1st 4s 1955..JAJ Canada South 5s 1962 ser A.AAO 2.25 1.50% 97 M 98 92 M 93 M guar guar 1957. 1951 1956 4Mb guar 1955 40-yr 5s guar 1970 5s guar July 1 1969— 5e guar Oct 1 1969 5s guar 1954 16-year guar 3s 1950 13-year guar 3s 1950 Guaranteed 3s 1944 7-year jruar 2s 1943 4-year guar 2s 1942 17-year guar 3s 1953 JAJ MAS guar 116M 115M 116M 117 116 117 AD 15 FAA 118*1 119 120 120 M JAJ 116M FAA 116M 120M 119M JAD 100 101 JAD MAN FAA 99 100 JAJ 101 ...FAA AAO FAA Equipment trusts— 4Ms series J 1940-42 MAN 5s series K 1940-1944..MAN 4 Ms series L 1940-1945.JAD 2Ms series O 1939-1947.FAA 2 Ms July 1 1940-1949 121 120 M 105" 104 101 99 M 100M 1.75 1.10% 1.60% 1.60% 2.25 2.25 2.75 2.75 2.50% 2.50% 124M Canadian Nor deb 6Ms '46--JAJ Canadian N W 4 Ms Oct 22 1943— Canadian Pacific— 101 Oons deben 4s perpetual-_JAJ 20-yr coll tr 4 Ms 1946 MAS Ooll tr 5s 1954 J&D 95 96 94 X 96 91 5 f 38 3.00% 3.25% 3.25% Certificates of deposit Buff A Susquehanna RR Corp— Ooll tr 4 Ms 1960 Conv coll tr 6s 1942 38 38 3.75 4.25 4.25 7 70 34 28 38 38 38 MAN 1st mtge gu g 4s 1955-.--FAA Bost A Prov deb 5s July 1 1938 32 38 Nominal. 2.00% 73 50 MAS n 1.25% 56 MAN Mtge 4s 1942 45 43 1.90 AAO 5s 1940-1944 Boston ANY Air Line— 4 Ms 100 b 4 Ms 1940-1943 4M» 4Mb 100 JAJ Mtge 4 Vis 1944 / This price includes accrued Interest. 87 35 38 22 Canadian National Rys— 85 M&N M&S 5s series|W{jl942 5s series Z 1943....... 106 85 % J&D 5s series fT 1941 5s series;U 1941 5s series V 1942.. 3.00% 3.00% 3.00% 100 5s June 1942 JAD 4 Vis impt 1978 FAA 1st mtge 4 Vis ser A 1943.. AAO 3 Vis Jan 1 1951 JAJ 5s series DD 1945.. 5s series FF 1947 5s series R 1940... 51 Ji 100 1st mtge 5s ser II1955 MAN 1st mtge 4 Vis ser J J 1961— AAO 5s series AA 1944 A&O 1.50% 1.50% 2.00% 45% 84 Boonvtlle St L A Sou 5s '51.FAA / Boston A Albany 6s Oct '63..JAJ 64 M , 2.00 ll 6 Basis. 4.00 105 Ji Ref 3 Vis 1952 gu N Y C_.AAO Atlantic Coast Line of S O— Atlantic A Yadkin gu 4s '40.AAO 4.00 Boston A Maine RR— 1st mtge 5s ser AO 1967...MAS 2.00 56 Ji 45 Big Sandy Ry 1st g 4s 1944—JAD 108 Birmingham Southern— Equip trust 3 Vis Dec. 1 1939-46 b 2.75 Birm Term 1st g 4s 1957 85 gu.MAS Bluff Point|Land A 96 M Imp,lst 4s '40 63M 76 M 61 23 % 48 % 4.00 cons 3 Vis 1943.JAJ Bessemer A Lake Erie— 85 M 22 52 . 84 M ltA 43 H 40 Ji . 100 62 X 23 Ji P Bangor A Aroostook— 1st M 6s g Jan 1 1943.....JAJ Cons refund g 4s 1951 JAJ 4s stamped 1951 Piscat Div g 5s Jan 1943—AAO St Johns Rlv Ext gu 5s '39.FAA Van Bur Ext 5s g Jan '43.AAO Washburn Ext 1st 5s *39..FA A Battle Or A Sturgis gu 3s *89. J AD Bay City A Battle Crk 3s '89 JAD Eguip tr 2 Vis 1940-1947—MAS 23 60 Certificates of deposit Tol Cinn Div ref 4s A '59-_JAJ Eq tr 4Ms ser D 1940-41..J&J Eq tr 4Ms ser E1940-42. A&O Eq tr 4Ms ser F 1939-44.-MAN JAD Boston Rev Beach A Lynn— 1st m 4Mb Juy 15 1947—JAJ16 53 48 13 Ji Belvldere Dei 37 Atlanta Knoxville A Northernlst mtge gold 5s 1946 1960—FAA Certificates of deposit P L EAWVa Sys ref 4s'41 MAN Certificates of deposit S'west Div 1st mtge 5s '50.JAJ 102 30 Atl A Blrm. 64 Ji 54 Ji 23 Ji 23 Ji 21 M liiM 63 Ji 64 Ji 22 H Certificates of deposit Convertible 4M», Ask Equipment trusts— 22 Bedford Belt 1st 5s 1938 JAJ Beech Crk Ext 3Mj 1951 AAO Belt Ry of Ohatt 1st 5s *45..JAJ 111*1 111M 100 M 22 M 22 Certificates of deposit Ref A gen 5s ser F 1996--MAS .... 110M 92 M 22 X 22 Ji ser O 1995..JAD Certificates of deposit Ref A gen 5s ser D 2000—MAS 84 Coll tr 53 51M - 84 78 % 1946—AAO 63 M 63 63 1st ratge-g 5s, July 1948.-AAO 110M 8M 1 59 H Bid Boston A Maine RR (Cont)— Mge 3s 1950—. JAJ 3 Ms 1939-1944 1st mtge g 4s, July 1948--AAO 106 M riet> A—MAN 52 Bonds 75 33 Alabama Tennessee A Northern— 1st M g 5s 1974 JAJ Union Sta 4s 1953-.JAJ A Ohio-— Ask >re 33 109 M Prior lien 6s 1948 JAJ / Gen income 6e Oct 1948...JAJ / Alabama A Vlcksburg Ry— oa Balllm Alabama Great Southern— 1st Bid Austin A Northwestern— 1)2 mtge gtd g 5s 1941 4Ms Dec 15 1944.-.J&D 15 J&J M&S 15-yr conv colltr 4s 1949—J&J Conv coll tr 3Ms 1951—-F&A Conv coll trust 3s 1945 A&O Coll trust 2Ms 1941 —_A&0 Eq tr 6s 1944 J&J Eq tr 4Mb 1939-1945s-a...J&D Oaro Cent 1st g gu 4s 1949.. J&J Oaro Clinch A Ohio 6s '52. JAD 15 Carthage A Adirondack— 1st mtge guar g 4s 1981 JAD 124M u* 90 X 86 102 M 87 M 83 M 85 M 74 . 86 M 102 J 883 853 863 96 W ^ 114*1 2.25 1.65% 113 35 106 H 43 60 108M 48 68 BONDS RAILROAD 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 Ask 102% 103% Bon^s A&O 1948 Gatawissa RR g 4s Central Arkansas & Eastern— „ 1st 5s 1940 -— — Sec 4M8 1952 ser A M&S Bee 4M ser A certlf of dep. - - — 7 7 6M 3M 3M 30-yr 3M 3% Equipment trusts— 3.50 , 4Mb series Q 1939-40--M&N# 4s series T 1940-1952—-J&J Chatt Div gold 4s 1951—J&D Macon & Nor g 5s 1946.—J&J Mid Ga & Atl 1st 5s 1947—J&J Mobile Dlv g 5s 1946 J&J Oconee Div 1st 5s 1945----J&D Cent New Eng 1st gu 4sl961 J&J Central of New Jersey— 3.50 4.50 2.50% 2.50% 3.50% 5 5 7 3M 4Mb 1960 M&N Trustee ctfs 3 Mb 1947 Chicago St Louis & N O— Con g 5s June 15 '51 J&D 15 Con g 3 Ms June 15 '51-J&D 15 Mem Div 1st 4s 1951 J&D Chic St Paul Minn & Omaha 7 Sink fund 3s 7 "6"" 34% -J&J m Eq tr 4Mb 1939-41 (yr)—F&A Central Pacific— 1st ref 4s g guar 1949——F&A 4.00 69M 70 M 11954—A&O F&A 51% 75 — 1st ref 6s v 3.50 1939-'44 (yr) — b Charleston & Western Carolina— 1st 5s 1946 -----A&O Chatt Rome & Sou 1st 5s 47 J&J / Chattanooga Sta 4s 1957 gu—J&J notes, 94 1946 Equipment trusts— 4M8series W 1939-1940 4MB 1940-1945 J&J , 99% 99% 105 M 2s 1940-1947 125 M 100 Gulf—_ Cin Northern RR 1st 4s 102% 102% 102% 103 «. mm m mm mm mm A&O 1951-J&J _ Ref & imp 4Ms ser E 1977-J&J O W & M Div 1st 4s g '91. - J&J & \ 25 1.75 b 1>90 6 1<90 Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 1945—F&A Potts Creek 4s 1946------J&J R & A Dlv 1st con g 4s 89.J&J mm 0.75% 1.00% 1.35% 1.35% 109 M 44 12M Florida Central & Peninsula— 94% 94 M 15 J&D 110 75 90 51% 56 % 68% Cleveland & Pittsburgh— Ser A 4Mb gen gtd 1942—J&J 107 M 95 101 117% 109M 4% Ser D 3Ms gen gtd 1950—F&A Gen & ref 4Ms 1977 ser A.F&A Gen & ref 4Ms 1981 ser B..J&J 81 49 51 Gen M 4s 99% 1st 4s gold guar 1995 M&N Cleveland Union Terminals—. 1st & ref 4Ms ser 91 96 M 1st s f 5Ms 1972 series A..A&O 1st M s f 5s 1973 series B—A&O 91 1 st & ref g 5s Si* 84 H6M 4s 1989——.- -J&J 109 Val 1st 5s g 41-M&S Cnesterf & Lancaster 5s 55.F&A Chicago & Alton RR— Refunding g 3s 1949——A&O f 9 Chicago Burlington & Qulncy— 2d 109" con g Warm Spr 1958--- —-M&S 98M B 1977—F&A 90^ 1971 ser A--F&A 96 ^ Illinois Dlv 3 Ms'49 op 29-J&J 100M 4s July 1 1949 -J&J 103 M Eq tr 2 Ms 1939-47 A&O b 1 <90 Chicago & Eastern 111mew co)— Gen M 5s May 1951 16 % M&N Certificates of deposit Chicago & Eastern Illinois— 1st consol 6s gold 1934-—A&O Chicago & Erie 5s 1st g '82. -M&N Chic Great West 1st 4s 1959-M&S 110% 112 86 19 M 4.25 20M 3.25% b 106 64 M 66 M 12 M 15M 12M 10 % 3 % 9M m 3 3 4.50 3.50% Monon Coal— Non-cum inc 5s 1955(w-s)— f Louis— Short Line 1st 4s 1953—._A&0 Chic June RR 1st 4s 1945—M&S Chic June Ry & Un Stk Yds— Coll tr ref 5s 1940 A&O Coll trust ref 4s 1940 A&O Chicago Lake Shore & Eastern— 1st M 4Mb 1969 opt 1919.J&D Chic Memp & Gulf OS 1940--J&J Chic Milw & Gary 1st 5s *48 -A&O 15 17 Chic Indianapolis & St 65 69 M 104 102% 101% 103 % _ .. lsts f 4M8 1977 series O—A&O RR— Equip tr 2Mb ser A 40- 52 M&S Coal Riv Ry 1st 4s gu 1945.J&D Coeur d'Alene& Pend Oreille Ry Clinchfield 111M 113 40 42 6 4M 113 35 1st gold 4s 1943 Conn River gold 4s A&O M&S 1943 Connecting Ry <Phila)— / / 98% 111 116 8M 8M 8M 8% 15" 29 M 33 30M 34% 35% 38 29 34% 33 34 10 13 15" 7M 2% 1943 M&N Delaware Lackawanna & Western Equip trust 4s Apr 1 1940-'49— 1st con g 1st con g / / / / / & & 24 M 21 —J&J J&J & 5.00 b 5.00 n 5.00 26M 3.00% 4.00% 4.00% 4.00% ser 98 100M 60 60% M 13 13 M 11M 8M 14 % 7% ZH P P 18* 9 8M 7 M 8% 3M 4 3.75 3.75 •3.75 3.75 Det & Mack 1st lien 4s 1995.J&D 2nd Mort.gold4s 1995.-.J&D Detroit Term & Tunnel— 1st guar 4Ms 1961 ..M&N Detroit Toledo & Ironton— 1st 5s Mar 1 1964-. 9% 10M 3M 3.00% 10M J&J h 4.25 3.50% 70 100% 93% • 96 100 M 102 110M HIM !9$ 2.75% AW 60 99% WW 100 92 86 86 M 86% 100% 86 100 91 W4 b 79 1.90 b 1.25 b 1.25 1-20% 0.75% 0.75% 1.00 0.75% J&D b 103 53 M 6 60 4,d / Debenture ctfs B Feb 91 86 78 J&J W Va Midland Ext 5s '54-J&J Greenbr Ry 1st g gu 4s '40-M&N Green Bay & Western— 4% 48 7% 5b 1937 J&J / Dutchess Co RR 4Mb 1940—J&D 1958 M&S East Tenn & Western N C— 1st extended 5s 1965 M&N Nominal. 1st 5Ms 1950 ser B 1 st 581950 series O 50" 25 102 M 60 A&O J&J Equip tr 2%s 1939-1946—J&D 5 Gulf & Ship Island RR— lit ref & term g 5s Feb '52. J&J Stmpd (July 1 1933 cpn on), Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu—J&J R & Portch—See N Y N 1.70% 70" 107 M 13 78 103 M Adj inc up to 5% Feb 57-A&0 / 1st M 4Mb 1957 conv,---F&A Huntington & Broad Top Mt R R & Coal extend 6s 1940 A&O Extended 5s a» — 70 2.50 2.00% 85 85 107 M 44 120% 98 68 rtford 48 121% 101 15 32M 39" 49 M 50 14% UH — — 49 1940-.—--—A&O / gold 4s 1951 J&J 1st gold 3Mb 1951—^—--.J&J 1st extended g 3M® 1951--A&O 1st g 3s sterling 1951 M&S Coll trust gold 4s 1952 A&O 1st Ref g 4s 78 84 80 65 H & Ha —F&A Illinois Central— 12 10 104 Hudson & Manhattan— 103 97 *2.20 A&O Hocking Valley 4Mb 1999—J&J Hoiidaysburg Bedford & Cuiub 1st M g 4s 1951 guar .J&J Holyoke & West 4%s 1951—A&O Housatonic con 5s 1937 M&N 21 6 85 J&J2 / Gulf Mobile & Northern— 5M 31 42 105% East Penn 1st 4s J&J 1st M 6s 1958 series A Harris Ports Mt Joy & Lane RR Ext 4s 1943 J&J Hoboken Ferry 5s 1946 M&V 95 1st mortgage Dulutb South Shore & Atlantic— n 95 106 M 71M 105 J&J '49..J&J Rangi 3 Ms 1962—A&O A Last sale, Cen tral 99% 92% J&J J&J Secured notes 3s 1945 3% 3% 7 M 3.50% 1st gold guar 4s 1953 Dext & Piscataquis 4Mb Dulutb Missabe & Iron / This price includes accrued interest. 2.00% 35 an Greenbrier Cheat & Elk— 1st 5s 1944 1st gold 58 1957 opt Eq tr 2Mb 1940-1947 M&N b Detroit & Toledo Shore Line— 1st gold 35 3.00 '41-J&J Eq tr 4Mb 1940. Harl Inc mtge 6s Jan 1 1960. An Apr 1st 4s 1950 ----J&J Des Moines & Fort Dodge— 3.00% 3.00% 3.00% 3.00% J&J Guayaquil & Quito 1st 5s '32 3.75 Denver & Salt Lake Ry— Ctfs of dep for gtd 4sl935. J&J Des Plaines Val 4Mb 1947—M&S 13 14 1&78 5 41M 89 Debenture ctfs A Feb 102 Assented subject to Ref & impt 5s llH 24 M 4.00 F&A plan B..A&O Eq tr 4Mb 1940-'42 (yr)-M&N Equipment trust 5s Gen income 5s Aug '55 25 23 24 M 24 M 5M Western Fruit Express— Grande— 4s 1936 4M« 1936.. 17 M Guantanamo & Western— 1st & ref gold 4s 7% 2% 11 104 M 101 J&J J&J J&J Gen mtge 4s ser G 1946 J&J Gen mtge 4s ser H 1946 J&J Gen mtge 3%s ser 1 1967--J&J Eq tr 2s 1940-1947 M&S Eq tr 4Mb 1939 M&S Eqtr4Ms 1940 D(yr) J&J 43 15 49 25 Gen 4M« 1976 series D Gen 4Ms 1977 series E 26 Denver & Rio Grande Western— „ 41" ... Mar 15 '51 _M&S 15 M&S Consol Rys <N H) deb 4s '54.J&J Deb 4s 1955 -J&J Deb 4s 1955 A&O Deb 4s 1956 guar J&J Cuba Co extend 3s 1955 J&J Cuban Nor Rys 1st 5M§, '42 J&D Cuba RR 1st g 5s 1952 J&J 7M® extended to 1946 J&D 6s extended to 1946—.—J&D Imp & equip 5s 1960—-M&N D&nbury & Norw ref 4s 1955. J&J Dayton Union Ry 1st 4s '49.J&J Del & Bound Br 3 Mb 1955—F&A 1st M gu 4s 1st 5s 1951 47 J&D Great Northern— 1st & ref g 4 Ms '61 opt Gen M 5 Ms 1952 ser B Gen M 5s 1973 ser O 104 101 1st g gu 4s $ July 1 1950 J&J Eq tr 5s Dec 14 l939-'43 (yr)_. » Grays Pt Term g 5s 1947 J&D 29 113 Concord & Claremont 5s '44.J&J 3 3M 112 (Lake Superior) 4s 1955 1st 4s Feb 15 '42 Alb gu..M&N Gen 4s 1962 Can Govt gu—J&J Grand Trunk Western— 1.50% 17 F&A Denver & Rio Stmpd non-pay Fed lnc tax.. Gen M 5s '87 stpd lnc tax_M&N GenM4%s'87 stpd inc taxM&N GenM4Ms*87 stpd inctaxM&N 15-year 6Ms Mar 1936-..M&S 1st & ref 5s May 2037 J&D 1st & ref 4Ms May 2037--J&D 1st & ref 4Ms May 2037 O J&D Conv g 4Mb 1949 ser A...M&N Equipment trusts— 4Mb series U 1940._*43M&N 4Mb series V 1939-44—F&A 4Mb series W 1939-44-.M&S b 4Mb series X 1940-45—F&A b b Basis. 77 M 105 M 27 % 102% 17% A&O Grand River Valley—See Michig Grand Trunk Pacific— 1st M 3s 1962 J&J _ Colum & Toledo 4s 1955 / (Mountain and Pralrie)4B 1955 2.20 25 4Mb 1982 Grand Rapids & Indiana— 1st 4Mb 1941 1st 3 Ms 1941- „ 5s 1960 J&J Colo & Southern 4Mb 1980.M&N Col & Pt Deposit 4s 1940-—F&A Columb & Hock Val 4s 1948. A&O con 1st 5s 1942 Delaware & Hudson— Chic Milw St Paul & Pac RR— 50-yr 5s 1975 series A F&A Conv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J Gen g 3Ms B May 1 1989-J&J Gen 4Mb May '89 series C-J&J Gen 4Mb May '89 8er E J&J Gen M 4Mb May '89 Ser F J&J Equip trust 3 Mb 1940-'53A&0 Eq 4Mb '40 "43 E & F (yr).J&J Eq 4 M l '40 '41 G & H (yr) J&J Eq tr 5« '39-'40 ser B (yr).F&A Chicago it North Western— Gen M 3 Ms g 1987 M&N Gen M gold 4s 1987 M&N 105 Connecticut & Passumpslc Rivers 104 M Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville—_ Ref M g 6s 1947 series A—J&J / Ref M g 5s 1947 series B—J&J / Ref M g 4s 1947 series G—J&J / 1st & gen 5s 1966 series A _M&N / 1st & gen 6s May '66 ser B. J&J f 1939-1944-A&0 17% 17 % 84 Equip tr 4Mb "A" 1945--A&O Chicago & Illinois Midland By 1st mtge s i 4 Ms ser A '56 M&S Equip tr ser E 104 1.20% 107 106 _ 100% 10 / Eq tr 4Mb 1939s-a M&N b Glrard Point Sfge 3Ms *40--A&O! Goshen & Deckert'n 1st 5 Ms 1978 / 2nd ext 6s 1979 M&N / Gouvernour & Oswegatchie— 106 83 M 77 1st Deb 5s 1952 83 M 9% Cleve Short L 4Ms 1961 A&O Cleveland Terminal & Valley— __ 106% 104% 70 Ga RR & Bkg ref 6s 1951—A&O, 4s Jan 1 1947 J&J Ga Sou & Fla 1st g 5s 1945 J&J 96 108% 108% Ser B 4Mb gen gtd 1942..A&O Ser B 3M» gen gtd 1942..A&O Ser O 3 Ms gen gtd 1948—M&N 107 7% 100 .75 14 — 51M lis '40—J&J 96 — 83 '40-M&S White W V Div 1st 4s 56 6% / 2% Certificates of deposit.. / 2M Fort Dodge Des Moines & Sou— 1st 5s 1938 J&D / 7M Fort St Un Dep Det 4M« '41-J&J 100% Genesee River 6s 1957 J&J Ga & Ala 5s Oct 1945 J&J 12 Ga & Ala Term 1st g 5s 1948-J&D / 9 Georgia Carolina & Nor— Ext at 6% to July 1 1934 / 13 Georgia & Florida RR— 3 1st M 6s 1946 series A M&N / 2M Certificates of deposit / Georgia Fla & Ala 1st 6s '52.F&A / 39% Georgia Midland 1st g 3s '46.A&0 66 M Spr & Col Div 4s 1st g 42% Proof of claim filed 102 H '90 M&N ioH 3-00% 3.00% 44 Proof of claim filed 100 1.65% 110% St L Div 1st col tr g 4s i!* 50% Gen ref gold 4s 1950 J&J 1st cons ref 4Ms '52 opt.-M&N 99 109 M 42 44% 40 Amended 2.10 95 M 1 Florida West Sh 5s 1934 J&J Fonda Johnstown & Gloversv— 39 103 M 97 60 Eq 4Ms 1940-'4l H (s-a).M&S Florida Southern gu 4s 1945.J&J 65 37 50 50 1st cons 5s gold 1943. J&J / Florida East Coast 4Mb '59. J&D If 1st & ref 5s 1974 M&S / Certificates of deposit / _ ..J&D 103% | „ 106% 108% 109% 105% 40 54 iSIf ftt 54 94 M M&N 1st mtge 3 Ms ser E 1969--F&A Cl'field & Mah 1st gtd 5s '43. J&J Cleveland Akron & Columbus— 1st cons guar g 4s 1940—F&A Clev Cine Chic & St Louis— 103 M A&O 70 , General 4s gold 1993 Gen M 5s ser B 1993 103% 93 M 106 101M 44 J&J 19 J&J / Conv gold 4s 1953 ser A..A&0 / 16% Series B 1953 A&O / 16% Series D 1953 .—A&O / Ref & imp M 5s 1967 M&N / Ref & impt M 5s 1975 A&O f Eq 4Ms '40-'41 LL (s-a)—M&S b 4.00 Eqtr4Ms 1939-'43 (s-a)..M&S b Erie & Jersey s f 6s 1965 J&J 38M Erie & Pgh g 3_Ms B 1940 102 J&J 102 3 Ms series O 1940 J&J 67 M B* 1st 6s 1910 ext at 4% 1950. J&J 103] 107] Erie prior lien g 4s 1996 Gen lien gold 4s, 1996 Cincinnati Union Term Co— 1st M 3 Ms ser D 1971 101% 59 Cincinnati Lebanon & Northern 100 106 M 101 . 66 M 101M 106% Income 5s 2862 A&O El Paso & R I 1st gu 5s 1951-J&J El Paso & Southwestern RR— 1st & ref 5s 1965 A&O 5s stamped 1966 84 M 72 M 4.00% 109M 105M 1st 4s 1948 F&A Cinn New Orl & Tex Pacific Ry 123 M Columbia Ry 4Mb 1944—A&O 100 4.75 J&J M&S Chicago & Western Indiana— Consol gold guar 4s 1952.-J&J 1st & ref M 4Mb D 1962-M&S Choc & Memph 5s 1949 J&J / Eq trust 2Mb 1940-52 J&D -----M&S 3s 1940-1946 96 67 M 54 105 M 108 1st consol gtd 4s 1942 M&N Cinn & Muskingum Valley— 30 J&J 1945 2M% notes. 2.50% 105 Chesapeake & Ohio— General 4 Ms gold 1992---M&S Ref & lmtp 3 D 1996-- M&N Ref & .mpt 3 Ms ser E 1996 F&A Ref & impt 3 Ms ser F 1963 J&D 1 %% notes, 1940 J&J notes, 1941 J&J notes, 1942 J&J notes, 1943 J&J notes, 1944-J&J /Q 87 82 1939-1976 79 M 94 106M Elgin Jol & East 5s 1941—-M&N Elmira & Williams port— 2% . Consol gold 5s 1952 M&N / Cincinnati Hamilton & Dayton— General 5s gold 1942 J&D Cin Ind & West 1st 5s 1965-M&N 49 olfl A&O J&J Guar 4s 1944 1st M 4s series D 1963 1st mtge 3 Ms ser E 1963 Guaranteed 3 Ms 1951 Choctaw Oklahoma & Eq tr 5s Dec 14 - 52 47 46——M&S Central RR & Banking of Ga— Coll tr 5s ext'd to 1942—M&N Central RR of South Carolina— Central Vermont Ry-— J&J 1963 Inc mtge 5s Dec 1 1960—M&S Chicago Union Station— . 1st g guar 4s Oct Guar g 5s 1960 B ser 7M 7% Ask 87 M Eastern Ry of Minnesota— Nor Div 1st g 4s 1948 A&O Edmonton Dun vegan & British "5% _ . European loan 4s, 14 8 7 Chic Terre Haute & Southeast— 1st & ref g 5s Dec 1 '60 opt J&D 15 % 14% 3.00% 1987. J&J (now 1st) g 5s conv 6% m Eq tr 4 Ms 1939-44 A&O 6 Chicago South Sh & So Bend- 7 32% Gen M East Tenn Va & Georgia— Consol 1st g 5s 1956 M&N 13 12M Cons gold 5s 1945 Ref & gen 5 Ms 1959 ser B.A&O Ref & gen 5s 1959 ser O—A&O Gen M 4s 1987 13 % J&J Bid Bonds Ask , 34 ist 4s 1948 J&D/ Central of Georgia— 1st M g 5s Nov 1 1945—-F&A 1940—__M&S „ Certificates of deposit Ref g 4s 1934 opt to 1911—A&O Certificates of deposit - 17 M ---J&J / 16 Cent Branch Union Pacific¬ 4 Ks series P Bid Bonds Chic R I & Pac Ry— General gold 4s 1988 1955 opt 1918.-M&N 1952—J&J Pur liens 1st g 3M* M n 92 88 88 75 50 53% 52% 8* G» RAILROAD BONDS Aug., 1939] NOTICE—All bond prlcoa are where marked "f" and Income and defaulted bonds possible for the closing day of the month preceding the data of Issue "and interest" except Quotations for all securities are as near as Bid Ask Bid Bonds Nashville Chattanooga & 50 514 Unified gold 4s 54 60 1st & ref 5s 2003 ser 99 1 1966.F&A 47 48 lst & 92 104 lst & 904 844 82 84 40-year 44s Aug 1950--J&D Lltch Div 1st g 3s 1951 J&J Louisv Div 3^s g 1953—-J&J Omaha Div 1st 3s g 1951—F&A St Louis Div g 3s 1951 J&J Gold 34s 1951 J&J 45 Sp'field Div ext 34b 1951 J&J 83 Carlo Bridge 4s g 1951--F&A Equipment trusts— 3s ser R, 1939-1952 M&S - - - » 90 654 — 1939-1940—A&O 44s ser M, 1940-1941—M&N 4Mb ser N, 1939-1941-A&0 4Mb ser O, 1940-1942. -J&J 4Mb ser P. 1940-1944—A&O 4s ser Q, 1939-1944 F&A 4Mb ser L, 73 _ Pad & Mem Div lst 63 St Louis Div 2d 3s - Mob & Mont 44s - 70 2.75 b 2.00 b 2.25 b 2.25 b 2.50 b 2.60 b 2.60 2.25% 1.00% 1.75% 1.75% 2.00% 2.00% 2.00% ID Cent RR Co & Chic St L & 1963—J&D 44s series O, 1963 J&D Indiana Bloomington & Western— Indiana 46 A&O / 1st ext 4s 1940 524 474 •524 N O RR jt 5s, A, 99 — Harbor Belt RR— J&J J&J 104 J&J 55 J&J Genl mtge 4s 1957 Gen mtge 4 4s 1957 9 109 Indiana Illinois & Iowa— 1st gold 4s 1950 Indianapolis & Louisville— 1st guar 4s 1956 70 114 dianapolis Union— 104 4 M&S Ref & imp M 3 Mb ser B '86 Internat-Great North Ry— Purch money 5s 1972 lst M 5s 1972 opt Jacksonville 3.00 3.50 82 J&J 80 4 Gainesville Gulf Ry 1st 5s 1951 .. 2.00% 2.50% 834 824 96 954 58- 63 7 2 24 & 24 —-A&O Ref & ext 6s ser ser 1G2 A B 1044 1967. 454 1st g 4s 1959 guar J&D Joliet & Nor Ind See Mich Cent Joplln Union Depot Co— 1st g 4Mb 1940 guar opt_M&N 105 Kalamazoo & White Pigeon RR 994 f .Ust gold 5s 1940 J&J 108 Kanawha Br & Ter 5s 1948.A&0 854 Kana & Mich lst 4s 1990..A&O Kan City Ft Scott & Memphis— Ref g 4s 1936 guar A&O / 26 26 Certificates of deposit £10 Mem & Bir 4s 1934 M&S / 70 — iransas " 27 29 M 5s 40 112 —— 89 65 72 30 30 88 63 J&J Kalamazoo & South Haven lst 5s 1939 M&N Michigan Air Line— lst 4s 1940 ---J&J Middlesex Val lst 5s 1942..M&N ,99 4 994 1004 100 57 bonds 174 I960--—J&D 19 / / / / / 11 124 624 63 40 50 40 75 18 25 23 24 4 12 124 84 2 14 4 68 59"" 56 108 884 b 2.25 464 in 2.00% 494 70 72 4 59 71 55 / / / / / / 154 15 4 16 4 16 18 174 164 154 51 524 51 52 54 4 17 17 19 4 194 65 54 4 Lehigh & N Y lst 4s 1945 M&S Lex & East'n lstgu 5s 1965.. A&O 60 30 4 35 73 73 84 24 24 14 68 Little Miami guar 4s 1962.-M&N Little Rock & Hot Spr West Ry— J&J f 34s 1950—A&O / 70 J&J Adj M 5s Jan 1967 ser A..A&O Eq tr 2 4« 1940-195.' F&A Mo Kan & Tex Ry Co— 1st gold 4s 1990 J&D Mo Pacific RR (new company)— _ , 14 lst & ref 5s Jan 1965 A Certificates of deposit lst & ref 5s 1977 ser F Certificates of deposit F&A M&S 68 14 69 3.00 72 2.00% 20 20 4 3.75 184 184 84 2.75% 294 304 154 8 4 64 3.00 3.00 3.75 M&S New York Connecting RRlst M 4 4s 1953 series A lst guar 5s 1953 series B F&A 106 F&A 1064 mtge 44s 1938 N Y & Greenwood Lake 88 M&N M&S 73 M&S 70 124 M&N -M&N Fy 5s May 1946-J&D N Y Lack & Western— lst & ref 4s ser A 1973---M&N lst & ref 4 4s 1973 ser B_.M&N New York & Long Branch— General gold 4s 1941 M&S Guar g 5s 1946 102 30 54 56 51 14 154 174 Deb 4s 174 M&N Deb 4s 1947 non-conv—.M&S Deb 34s March 1947 M&S Deb 4s 14 F&A 154 15-year secured 6s 1940 lst & ref 44s 1967 "24 694 J&J J&J J&J 72 3 4 1.50% 3.50 2.50% 2.75 2.00% Gen M g 4s 1955 red 50 33 75 88 Montgom Div 20 23 45 58 88 lst guar g 4s 1991 ..M&S Oonsol gold 34a 2002...M&S Monon Coal—See Chic Ind & Lou 3.25% 3.25% Mohawk & Malone— 90 Monongahela Ry Co— lst mtge 48 ser A I960-—M&N Monongahela Sou 5s 1955...A&O Gen 6s 1955 -A&O Montana Wyoming & Southern— lst mtge gold 5s 1939 M&S Montauk Ext 1st 5s 1945 J&J Montgomery & Erie 1st 5s 1956-1963...F&A Morris & Essex 3 4s 2000.. J&D Constr'n 5s 1955 ser A M&N Constr'n 44s 1955 ser B.M&N & Basis. 3.50 2.00 49 31 , 64 M&S J&D 3 80 N Y & Putnam lst 4s g 1993-A&0 N Y Short Line 4s 1957 F&A 36 N Y Susq & Western— lst refunding 5s 1937—.--J&J Term 1st g 5s 1943 36 44 1014 N Y & Stamford 4s 1958—M&N 2d mtge 4 4s 1937 Gen mtge. 5s g 1940 N Y Westchester & Bos Rylst M g 44s 1946 guar 80 96 4 J&D N Y Prov & Bos 4s 1942-_—A&O 72 4.16 3.25 3.50 N Y Pennsylvania & Ohio— Prior lien ext 4 4s. 1950..M&S / New York Phila & Norfolk— 55 4.10 14 J&J New York Ontario & Western— Stock trust ctfs 4s 1948 5s 1947-_F&A 124 114 214 A&O J&D 5s Har Riv & Pt Ohes 4s '54 M&N N Y A N J Ferry 5s 1946 Ref lst g 48 June 1992 Secured 11 Equip.trusts 3s 1939-1951 M&S 4 4s 9-15-39 to 3-15-45 M&S 15 44s 1940-1946 J&J 75 3.56 non-conv 164 68 24 1956 Deb 34s 1954 non-oonv—A&O Deb 34s 1956 conv J&J 14 3 44 114 114 114 July 1 '55 non-conv J&J 18" J&J $ Secured interest at exchange rate of 4.8665. 79 Deb 6s Jan 15 '48 conv._J&J15 Deb 4s May 1 1957 M&N Mobile & Birmingham— Prior lien 5s. 1945 1st 5s 824 594 504 17 44 RR 1.25 2.25 2.40 78 4 Montour 95 M&S 32 1094 4s 1939-1949 General 1st 5s 1941 Certificates of deposit Convg 54a 1949 ser A M&N Secured 54s 1939-1956 J&D Equip trust 5s 1940(yr)._.M&S Eq tr 4 4« '40-'44 F ' vr) ..M&N Equip tr 24s 1940-1949--F&A Mo Pac (old)—Gen 4s 1975.M&S 3d ext 4s July 1 1938 M&N g 59 NY & NE Bos Ter 4s 1939.-A&O N Y New Haven & Hartford— 5s 1938 M&S Eq tr 4s 1940-1943. M&S Eq 4 4a 1940-1942 (yr)..J&Jl5 1074 604 Spuyten Duyvil & Pt Morris— 34s 1959 J&D N Y Cent equip trusts— 44s Sept 15 1939 M&S 44S1940-1945 M&N 2 4s Mar 15 1940-1952N Y Chicago & St Louis— lst 34s extend 1947...-A&O Ref 54s 1974 ser A A&O Ref 44s 1978 ser O M&S 10-yr 6s coll tr 4s 1946 F&A 3-yr 6s ext'd notes 1941 A&O Equ pment trusts— 24s 1940-1947 M&S 3s 1910-1951 -J&J N Y & Hob 294 2.00% 85 4 2.00% 82 4 83 L S coll tr g 34s 1998 F&A M C coll tr g 34s 1998—F&A N Y & Har lst g 3 4s 2000. 79 14 Certificates of deposit 1945 76 604 3d 66 154 4s small 574 f 1946-. A&O lst 48 ext g 1947-.--— 2d ext 6s 1939 154 ... sec s 104 14 H...A&0 ser I 10-year 34s New York & Erie RR— 1st & ref 5s 1980 1st & ref 5s 1981 58 50 4 A&O 3 4s conv secured 1952—M&N New York Central & Hud Riv— 40 1st & ref 5s 1978 ser G M&N Certificates of deposit.. ser 24 29 16 — 64 4 75 Cons mtge 4s 1998 ser A—F&A Ref & impt 44s 2013 A A&O 14 - Gen gold 4s. 1938 M&S Ref & impt 44s 1977——M&S 654 Long Dock cons Long Island— Unified g 4s. 1949 854 .M&S 87 4 Refunding mtge 4s 1949._M&8 88 4s stamped 1949 M&S 3.00 Equiptr 44s 1941-45 (yr)_F&A b 84 4 Louisiana & Ark 5s A 1969—J&J 3.00 Equip trust 348 to 1946, A&O b Louisiana & North West RR— 1st M gold 5s 1935 A&O / 21 Louisville Henderson & St Louis 106 lst mtge gold 5s 1946 J&J Louisville & Jeffersonvllle Bi 1084 2 32 Mobile & Ohio- 1004 107 14 7 30 Prior lien 4Mb 1978 ser D.J&J 5s small 1945 Gen M g 4s 1945— 1174 Lincoln Park & Charlotte— 5s 1939 J&J Lltchf & Madis lst 5s 1959.M&N lst cons 3.50 110 Ref g 34s July 1 1997.—J&J Deb 4s 1942 tax-exempt J&J 32 69 31 30 4 30 Equip trust 44s Newport & Cincinnati Bridge— lst M g 44s 1945 guar J&J Newport & Richfor Is 5s 1941.. Ref & impt 5s 2013 C N ---- 36 4 35 New York Central RR— Equip trust 2 4s 1940-1949F&A Mo Kaus & Okla 5s 1942.-.M&S Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A....J&J Prior lien 4s 1962 ser B J&J 864 554 684 Certificates of deposit lst M 54s 1954 series A—A&O Certificates of deposit lst 5s 1956 series O F&A lst M 44s 1956 series D..F&A 95 88 M&N A._ J&J New Orl Term lst 4s 1953..J&J New Orleans Texas & Mexico— Non-cum inc 5s "35 ser A..A&0 lst 5s 1954 series B A&O Mo-Tllinois 88 97 95 90 77 12 J&J / 664 1951.-.M&S 1959. 99 73 J&J 64 Joliet & Northern Indiana— RR 1st 5s 15 93 lst 4s 1959 M&S Jackson Lansing & Saginaw lst cons gold 4s 1938 56 204 20 General 5s Jan 1 1938 New Lon Nor lst 4s 1940 J&J New Orleans Great Northern Extended at 5% 1940 Ref & impt 44s 52 ser 4 „ Minneapolis & St Louis— lst 7s *27 ext at 6% 1932--J&D 5s ctfs of deposit 1934 M&N lst refdg gold 4s 1949 M&S Ref & ext 5s Feb '62 ser A.Q-F Certificates of deposit Minneapolis Northfield & Southern Ry 1st 6s '41.-M&S off—1951 Income deb 5s 2032 New Orl & Nor East 6s 1915 1914 coupon on 1977— 1914 coupon off 1977-4s Asst(cash warr & coup) .1977 Michigan Central— Ref & Impt 4 4s 1979 ser O. J&J lst gold 34s 1952 M&N Grand River Valley— 1957——'. coupon receipt No 4 on 1951 Naugatuck lst 4s 1954 ..M&N New Eng cons 4s 1945 gu ..J&J Oonsol g 5s July 1 1945—J&J New Haven & Northampton Ref cons 4s 1956 J&D / N J June lst 4s gu 1986 F&A N J & N Y lst ext 5s 1950..M&S 50-year lst 5s 1983 95 984 73 4 62 5s assented 1941 14 41 .81 — Called Oct. 1 at 102. U* 39 37 60 Lehigh Valley Ry of New York lst 44s gold 1940 ...J&J 4Mb assented 1940 Lehigh Vail Term 5s 1941—A&O * 734 44 74 92 Cong g ref 34s 1997 J&D Leamington & St Clair 4s '45 A&O Lehigh & Lake Erie 4Mb '57.M&S lst gold 4s 1939 guar 3.00% 3.00% 44 South— 5s assented 2003 4.00 78 ——, Assent cash warrant and scrip J&J 974 '47 J&J J&J Lehigh & New England— lst M gold 5s 1945 J&J Gen mtge 4s ser A 1965 A&o Equip tr 4Mb G1939-45—M&N Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 F&A Lehigh valley— 1st gold 4« 1948 J&D Con M 6s ann irred J&D Con M. 4Mb ann irred J&D Gen cons gold 4s 2003 M&N 4s assented 2003 Geo con gol<t 4Mb 2003 M&N 4Mb assented 2003 Gen con gold 5« 2003 M&N 4.00 No 4 on '26 4s(Apr 1914 coupon on) 1951 April 1914 4s Sept 4s Sept RR 4% franc con 80 gold 5s 1938—_—J&J 1st cons 5s 1938 gu int J&J 2d M gold 48 guar 1949.-.J&J lst ref 6s 1946 series A J&J lst ref 54a 1978 ser B J&J 25-year 54s 1949 M&S Minn Terminal 1st 3 4s '50--J&J Minn Transfer Ry 34s 1958. J&O Missouri Illinois Bridge and Belt RR cons 4s 1951 J&J 107 4 warr't & scrip ret 52 74 108 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR list gold 4Mb 1961 J&J 144s stamped 1961 4Ms plain 1961— lst mtge 4 Ms unguar 1961. Lake Erle& Western RR— Lake Shore & Mich 944 64 694 704 1.75% 1064 J&J lst mtge 5s ext at 3 % to 2d 5s 1941 77 M scrip receipt No 5 on 1977- 83" b J&J 1978 65 Minn St P & Sault Ste Marie— 684 70 4 2.25 City Terminal Ry— lst g 48 1960 opt 1930 ansas Oklahoma & Gulf— lst 90 66 Income 5s Mar 1934 Sept 1 Kan City Sou—lst g 3s 1950 A&O gef tr 3s F JanApr1940 1943 1 1950—J&J q & Impt 5s 1 49 1024 1944 __J&D Kal & Sou Haven—See Mich Cent 1st 58 June 1 Assent cash warrant and National RR of Mexico— Prior lien 4Mb assent cash n* J—• ext at 5% to 1940 A&O / Midland Valley 5s 1943 A&O Adj M Apr 1 *53 ser A—-Sept Adj 5s series B 1953 Septi—— Milwaukee & Northern— lst ext 44s 1939 J&D / Con ext 44s 1939 J&D / Cons ext 44s 1934 J&D / Mil Sparta & NW 1st 4s 1947M&S / Mil&State Line lst 3 4s 1941 .J&J / 105 Ref & ext 5s M 4 lst lst g gu 5s Nov 1 1959—M&N Meridian Term 4s '55 guar.M&N of M 1957 July 1914 coupon on 1957— July 1914 coupon off 1957— Assent cash warrant and 724 b Midland / f f Jan 1914 coupon on _ Equipment trust 5s.. b Equipment trust 54s Manila RR Sou Lines— lst 4s extend 1959 -M&N Manitowoc Green Bay & Western lst gtd 34s 1941—---J&J / Maryland & Pa lst g 4s 51-M&S lst cons A 6s 1963 ----A&O M'shfield & S'east—See Wis Cent Memphis Union Station Co—- 2.75 4Mb— 634 924 J&J . lst 3 48 Sept 1 lien 50 F&A M&S 75 72 J£J 1947 (Foreign series) Bee Michigan Central Jacksonville Terminal— Prior 1054 lst mtge & coll 4s ser A 45 J&D Conv gen 44s ser A 1960-J&D Secured 6s 1959 lst ser.-J&J Midi Lansing & Saginaw- Jackson 5s lst M 4s 1978 ser A Eq tr 2 4s 1940-1952 National Rys of Mexico— Gtd gen s f 4s (Apr 1952 J&J *52 gu J&D Savannah—• Macon Terminal 5s 1965 St scrip receipt No 4 on 1957. f *14 coup on) f April 1914 coupon off 1977- f 1004 Monon Maine Central— lst 4s 6 M&S 1951 134 24 104 17 10 J&D 1938—J&D Iowa Central 5s ctfs lst & ref g 4s 2 10 M&N F&A lst 1 & ref 64s 1947 Debenture 4s 1961 lst 89 112 L & N Term 1st g 4s Macon Dublin & 1004 994 Mexican International— 12 M 1st M g 68 1952 series A J&J Adj M Gs July 1952 ser A. April 1st M 58 1956 series B J&J 1st M 5s 1956 ser O J&J Equipment trusts— 4Mb ser A 1939-1940,—J&D 4Mb series B 1940-1942,A&O Internat Rys (Central America)— 1054 1004 844 4s 46.F&A 1980—M&S 1945--M&S Southern Ry joint collateral 4s, b E 2003..A&0 Louisville & Nashville— Atl K & Cin Div 4s 1955--M&N 52 Western lines g 4s 1004 -J&J B——A&O ref 44s 2003 ser O—A&O ref 4s ser D 2003... A&O 1940. ist & ref 34s ser 65 - Bid Bonds Ask Louisville & Nashville— Illinois Central—(Concluded) Collateral trust 4s 1953 M&N Ref mtge 5s 1955 M&N 74 24 F&A F&A M&N 5 28 ' J&J 24 Nord Ry s f 64s 1950 A&O Norfolk & Car 2nd 5s 1946—J&J *102% 116 121 Norfolk Southern— 106 _ 93 . 104 94 lst & ref g 5s '61 opt '15—F&A Certificates of deposit-__ — Norf & South lst 5s 1941.M&N 40 86- J& J 25 Norfolk Term lst gu 4s 1961M&N Norf Term & Transp 5s '48F&A 105 lst gen g 5s 35 102 43 4 39 45 35 46 1954 opt 115 374 39 4 Price includes accrued interest, k Last sale, n Nominal. 70 RAILROAD BONDS bond price® are "and Interest" except where marked "f** and Income anc! 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 Ask Bid Bonds Norfork & Western Ry— 1st con 4s 1996 ^ 123 H 95 A&O Norrlst'n & Maine 1st 4s '52 MAS Nor Cent 5s 1974 ser A M&S Oct 1938 and subs coupons Ctfs of deposit stamped— '45- / 35 / / Ref & imp 6s 2047 ser B J&J Ref & Imp 5s 2047 ser O J&J Ref & Imp 5s 2047 ser D_-_ J&J Kq tr 4M» 1910 (yr) -M&S15 Eq tr 4s 1940-1949 J&J Eq tr 2*Aa 1940-1947 M&S Eq tr 2 Ms 1940-1946 J&J Nor RR of N J gen 4 Ms 2000-J&J North Pennsylvania RR— Gen g 3 3-10s 1953 J&T) N'western Term Co 5s 1948-F&A f N'western Term RR 5s Apr 1977Norwich & Worcester 4 Ms '47M&S Ogdensburg & Lake Ohamplain— 1st guar g 4s 1948-J&J 4s stamped 1948 .-J&J Ohio Connecting 4s 1943---M&8 Ohio & Little Kanawha5s '5CM&S Old Colony RR 4s 1938 J&J 1st M 5 Ms 1944 .F&A 1st M 5s 1945 series B J&D 1st M 4Mb 1950series O J&J Ore RR & Nav cons 4s 1946-J&D Ore Short Line 1st 5s 1946--J&J 1st cons guar 5s 1946J&J Oregon-Wash RR & Nav— 1st & ref g gu 4s *61 opt-.J&J PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938—F&A 2d ext 5s gold 1938J&J Cardelet Br 1st 4Ms 1938-A&0 St Louis City real est 5s '38 J&J Paducah & 111 1st 4Mb 1955.J&J Paris-Orleans extl 5b b 1968 M&S 6% franc bonds (foreign series) to J&D / 1956 Paterson Extension 5s 1950.J&D Paulista Ry 1st 7s '42serAM&S15 / 44 45 47 48 59 M 59 M 50 52 45 X 1.50 50 M 2.25 1.00% 3.25% 1.75% 2.25 1.75% 3.75 10 82 79 30 32 M 31 33 83 87 10 14M 7M 108 M 35 4M 4M 4M 4M 110M 8 'A 40~~ 5M 5M 5M 5M U7M 118M 107 119 82 98 M 68 68 102 M 99 M 104 M 100 M 22 M 50 60 15 104 % J&D J&D 1st & ref 4Ms series B 1981.. Pennsylvania RR— Con M 4s gold 1943 M&N Con M 4s gold 1948 M&N 4s stamped 1948 M&N Con M 4Mb gold 1960—F&A Gen g 4Mb 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 4Mb 1981 ser D...A&0 Gen M 4 Ms ser E 1984—J&J Deb 4Mb 1970 A&O Gen M 3 Ms ser C 1970 A&O Oonv deb 3 Ms 1952 A&O 30-yr secured 4s 1940-1964.J&J Equipment trusts— 4MsseriesC 1939 A&0( 4 Ms series D 1940-1941 M&N b 4s series E 1910-1949 J&J b 2 Ms series G 1939-1950-J&D b 2 Ms series H 1940-1952 M&N b Peor & East cons 4s 1940..A&O 2d cons inc 4s 1990 Apr 1 / Peoria & Pekln Union Ry— 1st g 5 Ms 1974 series A F&A Peoria Ry Ter 4s 1937 gu op. J&J 1977 J&D Reading lstgu 5s 1941—J&J Port 103 M 103 104 H 66 66 103 M 105 104M 63" 68 61 64" 97 M 98 99 M 99 108 M 113 112M 118M 100 H 1st 5s 1931 Ral & Gaston 1st 5s g 102 72 77 Delaware River Terminal— 1st 5s 1941 -.M&N Rensselaer & Sara 6s 1941.-M&N Rich Fredericksburg & Potomac— 86 M 2.40 2.35 2.35 47 3% 0.75% 0.75% 2.00% 2.00% 2.00% 49 M 4M 1st 4s guar 1940 Rio Gr West 1st 4s 1939 110M 51 63 67 50 60 M M&N M&N Equip trust 2Mb 19±0-'46..J&J Perkiomen RR ext 3 Ms 1951,J&J 2.50 2.50 2.00% 2.00% 2.00% 86 1st guar 4Mb 4Ms con 85 128 2d gold 6s 1996 60 - - 85 A&O 84 H 8t Louis-San Francisco 61M 55 M 62 M 64 15M 17M 9 8M 8% 8M 9 8M 9M Ry— Prior Hen 4s 1950 series A. J& J / Certificates of deposit / Prior lien 5s 1950 series B.J&J / Certificates of deposit / Cons in 4 Ms 1978 ser A—M&S / Certificates of deposit stpd.. / . Equipment trusts— 4Ms series BB 1940-41.F&A b 3.75 4sseries CC 1910-1943.M&N b 3.75 4Ms series DD 1940-45-A&O b 3.75 St Louis 9 9M M&N / Gen & ref 5s ser J&J / A 1990 5s series J 1940 M&S b 3.00 3.50 J&D 4s 1968 Mortgage 4s Dec 1 1996—J&D '47. .J&J / 62 32 18% 10 M 2.00% 2.50% & re* 5e 1972 - 70 4 J&J 116% 57M 120 109 M 107 M J&O 92 M 94 M 119 95 M 105 - 108 M A&O M&N k 108% M&N 108M F&A 109" 110 F&A 108 lis M J&D A&O 105 H 105 M 106M Gen M 4 Ms 1977 ser O—J&J 98 M 98 M A 106 Pitts Shawmut & Northern— 6% receivers' ctfs 1927...F&A / 10 M 6% secured notes 19.31 F&A f Receiver ctfs 3-3Ms '45—F&A Receivers ctfs 4s 1940 F&A vtlanta-Birmingham Div— lstg4s May! 1933 M&S / Seaboard-All Florida Ry— 4 M 4% 64 M ser A ctfs of deoosit / 9% 2 M 4M 4 6 % 6 63M 99 M Shrev Bdg & Ter Sioux City & Pac 3 M 3 M 2M 2M 5s '55 gu—F&A 3 Ms 1936._F&A / 40 97 30 32 M 40 _ 38 M 45 Gen 25" cons _ - 8 14 118 gu g 5s 121 Southern 111 & Mo Bridge Co— / This price includes accrued 70 66 interest. A: Last sale, 70 J&J 18M 5s 1955-J&J g J&D 15 J&D 104 Ry 4 Ms 1943 Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 J&J / Sturgis Goshen & St Louis Ry 1st 3s Dec 1 1989 J&D Suffolk & Car con 5s 1952 J&J / Sullivan Co RR 6s 1944 A&O 10 35 12 82 Susquehanna Bloomsburg & Berwick RR 5s 1952 A&O 101M Tampa & Gulf Coast g 5s'53_ A&O / Tampa & Northern RR— 5s (stamped 3s) 1936 J&J/ 36 88 Tampa Union Sta 5s 1940--M&N 35 Tampa Un Term 4-6Ms '53 J&J Tavares & Gulf RR— 1st extend 3s 1948 M&S Term RR Assn (St Louis)— / 1st gold 4Ms 1939 1st consol gold 58 A&O 1944—F&A 4s *53 opt '10. J&J Gen ref s f g Torre Haute & Peor 5s 1942-M&S Texarkana & Fort Smith— 10 100 Mi 116^8 109M 105 F&A 87 City Term 6s 1941-J&J '26 J&J 82 1st M 5Ms 1950 guar Texas & New Orl 5s 1943 Texas & Pacific Ry— J&D 118 Ann Mar B—A&O Gen & ref 5s 1979 ser O—A&O Gen & ref 5s 1980 ser D-—J&D 97 1st gold 5s 20002d 5s Dec 1 2000 Gen & ref 5s 1977 ser 87 H 88 87 M Equipment trusts— M&N 1.50 2.25 4Ms HH 1939-40—M&S 1910-42 A&O A 1940-43 F&A 2.25 M&N 2.25 J&D M&N 2.25 5s series GG 1939 4Ms 4s ser ser ser B194 0-43 4Ms8er C 1940 44 2 Ms ser D 1939-52 Toledo Canada Southern & Det— 1st 4s 1956 J&J Toledo & Ohio Central— Ref & Imp M 3 Ms ser A '60 J& D 8t Mary^i Div 1st 4s 1951 F&A 1.50 2.50 104 80 89 63 Toledo Peoria & Western RR— J&J 99 April 1 1950—A&O 60 108 M&S gold 48 June 1 1946—J&D Consol M 4Mb 1966 ner A. F&A Transylvania RR 1st 5s 1956. J&J Tulsa Un Dep 1st 4M» 59 J&J Inion Depot (Columbus, Ohio) Gen 4 Ms 1946 J&J 106 H 99 M 74 40 102 103 114M 1st & ref 5s June 2 2008—M&S 111M 35-year 3 Ms debs 1971—M&N 34-year 3Ms debs 1970..-A&O Eq tr 2Msser E l940-'52--J&J Union RR (Penn) 1st 5s '46-M&S Deb 6s 1946 M&S Union Terminal Co (Dallas)— 1st mtge 3Ms 1967 F&A 109 99 98 2.10 116 116 104 United N J RR & Canal Co— 1st 4Ms Sept 1 1979 General gold 4s 1944 1st 4s Sept 1 1948 M&S M&S 118 110 —M&S 112 1st 4Mb Feb 1 1973F&A Gen 1st g 3 Ms 1951 M&S Vandalia RR 4s 1955 ser A.-F&A 118 Series B 1957 M&N n 1934 J&J / July 1914 coupon off—J&J Cash war & scrip ret No. 6 on Vermont Vail 1st 4 Ms 1940--A&O Vicksburg Bridge Co— 1st s f 4-6s 1968 M&S Vicksburg Bridge & Term Co— 1st M s f 6s 1958 M&S Debenture s f 7s 1948 M&S Vicksburg Shreveport & Pacific— Pr lien 6s *15 ext 5% *40—M&N Gen 5s May 1 1941 M&N ref & impt 5s 1973 M&N Va & Southwest 5s 2003 J&J 1st cons g 5s 1958-. __A&o Virginian Ry 3 Ms A 1966-_M&S Eq tr 4M» 1940 (yr) J&J „ 95 M 65 South & North Alabama— 113 1943--J&J Pgh Term RR & Coal 5s '42..J&J / 18 Pitts Va & Char gu 4s 1943.M&N 106 M 66 1st gtg g 4Mb 14 65 prior lien 5s '48. A&O 2.25 72 106 108M 108 H Vera Cruz & Pacific RR—- 37 Shamokin Sunbury & Lewisb'g— 2dext'd5s 1945 J&J 2.25 46 100 12 6s ser B ctfs of deposit / Seaboard & Roanoke 5s 1931. J&J / / Cons 1st g 5s July 1 b Basis. 10 9% 2 4 3% 6% 5% 7 M 6 Pitts & Shawmut 5s 1959._-J&D / 38 Pitts Shenango & Lake Erie— 1st gold 5s 1940 104 A&O at 100. A&O / Stamped A&O / Adj mtge 5s Oct 1 1949—F&A / Ref gold 4s 1959 opt A&O / Certificates of deposit / 1st & cons 6s 1945 ser A—M&S/ Certificates of deposit / Seacoast RR 117 M 108 84 M 118 6s F&A M&N B Schuylkill & Leh 1st 4s '48.M&N 1.50 2.00 1st ry & land gr 4s g 1947--J&J 1st & ref 48 June 2008 M&S 109% 70 g Seaboard Air Line Ry Co— 1st gold 4s 1950 9M 119M 4s series D 1945 J&D M&S 5s 1942 58 83 Scioto Val & N E 1st 4s 1989M&N 86 M&N 1st 77% Onion Pacific— Santa Fe Prescott & Phoenix— 113M 108 M 106 M 72 1st 104 M A&O 86 M 55 J&J 1st g gu 4s 1942 ser C 97 104 61M Toronto Hamilton & Buffalo— 100 15 J&J Joaquin Val— 1.75 35 J&J 1st gold 4s 7 6M 116 M 1943 2.50 b 2.25 Tol Term 1st 4Mb '57 gu—M&N Tol Walhoudlng Valley & Ohio— 5 98 Salt Lake City Union Depot and KR 1st 5s 1938 M&N / Salt Lake & O tden 5s 1931 / 1st guar g 4s Aiken Branch 4s 1998 1st Mem Div g 5s 1996 1st mtge 4s ser B 1967— Toledo St Louis & Western— St 1st 2.50 b Tex Pac-Mo Pac Term RR— 1st M g 6Ms 1964 M&S 80 Paul & Kansas City Short Line 1st guar 4M« 1941 _P&A / 8t Paul Minn & Manitoba— b b 4 Ms ser JJ Paul & Duluth— 1st consol g 2.25 4s series BB 1940-1943-M&S 4 Ms series CO 1939-44--J&D 3.00% 3.00% 3.00% 59 M 28 M 18 J 9 4Ms series K 1940-1945-J&J b 2.00 J&J Develop & gen M g 4s *66-A&O Develop & gen 6s 1956 A&O Develop & gen 6 Ms 1956--A&O Equipment trusts— 4 Ms series Z1939 A&O 4Ms series AA 1939-41-A&O 9 Equipment trusts— St 1.50 b b Stamped (Fed tax) 1955-J&J ~9M Southwestern— 1st g 4s 1989 b Southern Railway— 1st consol g 5s 1994 Texas Riv & Gulf Divs 4s 1933-M&N / Certificates of deposit / St L Peo & N W 5s 1948 J&J / San Fran & San 4Mb series B 1942 4Ms series O 1942 d Sept. 1 ^ St Louis City see Pac of Mo St Louis Iron Mt & Sou— 1st g 5s Oct 1 1940 A&O Sun Fran Term 1st 4s 1950—A&O Pitts Bessemer & Lake Erie— Cons gold 58 1947 J&J Pitts Cin Chic & St Louis— Con g gu 4Ms ser A 1940-A&O ser 37" 34 107M 111M Piedmont & Northern— 3 Ms 1966- ser 2M St Clair Maa & St Louis Belt— 101M Reading RR—See "Read! ng Co. Philippine Ry 1st 4s 1937--J&J / 9 Gen M 5s 1975 ~2M San Antonio & Aransas Pass— Phila & Gen M 5s 1970 108 M 8M J&J/ 46% 59 % Staten Isld 106" 7M stamped 1941 50 M 46 % 46 % Stark Elec RR 1st 7s 1952 8M 8M Alton Bridge 1st g 4s '51--J&J St Clair Term RR 5s 1950--M&S 48M Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910—J&J Spok Internat 1st 73 .7M 7M 6 4Mb 1941 44 Aug 1 *49..J&D Lines) 1977.M&S 40-year 4Mb 1968 M&S 50-year 4 Ms 1981 M&N 4 Ms 1969 with warr M&N 10-yr secured 3 Ms 1946—_J&J Equipment trusts— 4Ms series H 1939-1940.J&D 4Ms series J 1940-1942..J&J 4Ms series L 1910-1944-J&D 4Ms series M 1940-1945M&N 2 Ms Aug 1 1940-1954 2 Ms series N1939-1951 M&N Pacific Fruit Express— Eq 5s 1940-1941 D (yr)_A&0 Southern Pacific (Golden Gate Ferries) 1st 5%b 1949 A&O 1st 4 Ms (Ore 1st 4s 1995— 104 47 9% J&J/ J&J / J& / Bid South Indiana 1st g 4s 1951— F&A Southern Pacific Co— Coll tr 4s (OP) St Louis Div 1st g 4s 1951-J&J Spartanburg Union & Columbia— 8M 1934 111 April 1 I960.. 4M8 series I 1963 4 Ms series J 1964 104 M 32 M 15 1st coll tr 4s 1949 opt Rock Island Ark & Louisiana— 100 M Gen 5e 1974 series B F&A Gen M 4Ms 1977 ser C_. J&J Gen 4Mb series D 1981 .T&D Phila & Chester Val 4s 1948.A&0 Phila Newton & N Y 3s 1942 A&O 3Ms series E-1949 4s series F 1953 4s series G 1957 4s series H 1960 103 M 105 M 31M 14 M M&N Phi la & Bait Cent 4s 1951—M&N Phila Bait & Washington— 1st gold 4s 1943 1.70% '.—J&J / J&J / A&O ) Pacific ext 1st 4s i 1940—J&J St. Paul Union Depot— 67 73 M M&S / g St Paul East Gr Tr 4 Ms 106 M 45 55 75 Rich-Washington 4s 1943 J&D 107 M Kio Gr June 1st gu 5s 1939—J&D / 43 Rio Gr So 1st g 4s 1940 J&J / M 2d g Inc 4s Nov 1989 J&J / 1st term & unif 5s 1952—J&J / 1.25 12M 105 100 1.00 - 95 Petersburg 4 Ms 1940 A&O 89 M 89% 86 % - 49" • 102 45 101 96 M 96 89 - 10OM Cons mtge 4Ms 1940 A&O Rich & Mecklenb'g 4s 1948-M&N 100% 107% 95 95% - 80 99 Reading Company— Jer Cent 4s 1951 54 M opt'06--A&O Gen & ref 4 Ms 1997 ser A—J&J 73 M Gen & ref 4 Ms 1997 ser B.J&J 71M b 2.20 Eq 4Mb 1940-'45 (s-a)—M&N Philadelphia & Reading RR— 103 Imp M ext g 4s 1947-- -A&O 104 Extended 4Ms Oct 1 1943. 103 Term 5s g gu May 1 *41 Q&F 114 88M 5" % 50 46 10 J&J / 1947—J&J / Raleigh & 8'port Ry 5s *65—J&D / Reading Belt 1st 4s 1950—-M&S 119 M 107 „ Raleigh & Augusta Air Line— 109% 113M 2.75 Equip tr 4 Ms 1910-45 Equip tr 2 Ms 1940-47 101 102 Potomac Val 1st gu 5s g 1941-J&J Prov Sec deb 4s 1957 1 gu ...M&N / Prov Ter 1st g 4s 44 gu 1956-..M&S / Prov & Wore 1st 4s 1947-— A&O 75 67 60 - 95 M 93 M 91M St Johns & L Cham 6s 1944 .M&S St Jos & Grand Island 4s '47-J&J St Lawr & Adirond 5s 1996—J&J 70 - 92 M Portl (Me) Term gu 4s 1961-J&J Guar 5s 1961 J&J Portland & Rumford Falls— 5s 1951 M&N Rutl Can 1st g gu 4s 1949 4s stamped 1949 Marquette Ry— 1st g 5s July 1956 ser A..J&J 1st g 4s July 1956 ser B-.J&J 1st 4 Ms 1980 «er O M&S 98 M 106 Rock Island-Frisco Term Ry— 1st M 4Mb 1957 J&J 24 103 M Cons mtge 4s 1939 .A&<> Cons extend 4Ms 1949-A&O Penn Ohio & Detroit RR— 1st & ref 4Ms 1977 ser A..A&O Call 1st gen 5s 1974 series O—J&D 1st 4Ms series D Rich & 107% 72 M 70 F&A Cons mtge 4Ms 1939.A&O Cons 1st extend 4s 1949 A&O * 108M 4 50 J&D b Richmond Term 1st 5s 1952.J&J 117 M&N F&A Pat NY Canal con 5s 193ft A&O Cons 1st extend 5s 1949 A&O Gen 4s 5.00 106 M 102 M Ms 1940-1946 Young & Ashtabula— Rutland Pennsylvania Company— 28-year secured 4s 1963 Gu tr ctfs g 4s 1952 Gu tr ctfs g 3 Ms 1941 Gu tr ctfs g 3 Ms 1942 Gu tr ctfs g 3 Ms 1944 Pere 72 M 30 28M 1st gen 4s series A 1948—J&D 1st M 5s 1962 series B F&A 45" 40" 36 4.25% 3.50% Pitts 70 M Bonds 34M 28 M —A&Oi M4Msi 1960ser C A&O gq tr 3Ms Apr 1 1940-1946—- J Eq tr 2 iio" 33 Ask 30 '58A J&D k 48 Apr *33 to Oct *34 cpns 1945. Apr '33 to Oct '38 cpns 1945. Northern Pacific— Prior lien g 4s Jan 1997 Q& J Gen lien g 3s Jan 2047 Q&F Ref & imp 4 Ms 2047 ser A.J&J red 98 116 106 H Gen & ref g 4 Ms ser A '74. M&S Northern Ohio Ry 1st guar 5s— Apr 1 1935 & sub coups 1945-- / 50 Bid Bonds Pitts & West ValRy 4 Ms 1st M 4Ms 1959 ser B - - Nominal. I .... M 70 „ 68 M 69 21 99 M 90 80 55 M 55 H 108 M 1.25 Aug., 1939] RAILROAD BONDS 71 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 and Stocks Bid 1st gold 5s 1939 M&N 6s 1939 F&A Deb mtge 6s series B 1939. J&J 1st lien term gold 4s 1954.J&J Det & Ohicext 1st g 5s *41.J&J Des M Dlv 1st g 4s 1939--J&J 38% 17 1st 4s Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 3%s Jan 1954 opt 1924.—J&J Washington & Franklin Ry— 1st extend 4%s 1954 J&J Wash Term Co—3%s 1945..F&A lBt gold 48 1945 guar F&A Washington & Vandemere— 1st 4%s 1947 F&A — _ *. 7 6% 5% 6% 6% 6% ' 5% 6% 8 M ~ _ 8 .. — 8 39 39 103 109 109% 49% 50 91 1.00 1.25 2.00% 106% 18% 18 3.00% 28 9% 44 6 5% 4% 30 35 9% 15 17 69% 90 73 118 9% 8% 6% 6% 12% 13 53 57 7% 7% 42 28% 56 29% 58% 66 118 123 20 21 19 19% Augusta A- Savannah (guar).. 100 Avon Gen & Mt Morris (gu)-100 Bait & Cumberland 7% gu 50 25 35 5% conv preferred 70"" 66 5% 7% 5% 7% 25% 69% 63 Beech Creek Boston & Maine common. Unstamped— 1st pref 5% class A.....100 1st pref 8% class B 100 1st pref 7 % class O 100 1st pref 10% class D 100 1st pref 4 % % class E 100 6% non-cum preferred. 100 7% prior preferred... 100 Stamped— Common 1st pref pref pref 1st pref 1st pref 1st 1st 30 72% 77% 100 1% 1% — Boston & Providence (guar)..100 Boston RR Holding pref 100 15% Camden & Burl Co (guar) Canada Southern (guar) 25 Canadian Pacific 25 100 25 Caro Clinchfield & O (guar).. 100 ♦ No par value, k Last sale, n 86 135 5 17% 5% 1 45 55 30 34 38 62 46 8* 67 70 1% 2% 1% 2% 2% 2% 2% 2% 65 69 89 55 56 60 "1% 100 100 Kansas City Southern new 4% non-cum preferred. 3 5 10 2 4 2% 5 3% 18% "4% 19% 2 13 13% * 97 102 56 59 15 30 7% 18 19 37 39 160 50 Lexington Union StationPreferred (guar) ..100 Little Miami original guar Spec gu*r betterment stk. Lit Schu.vl Nav RR & 3% 50 Louisville Henderson & St Louis— Preferred (guar) 100 Louis & Mo Riv pref (guar)..100 Louisville & Nashville 100 Lykens Valley RR & Coal (gu) RR 20 101% 37"" 80 15 30 48% 50 15 16% 1 67 45 % 25c 95 38 20 30 35 2 30 18% 1% 100 11 26 265 38% 41 84 90 154 174% 54 8% 140 41 17 55 6% 50 12 pref 50 non-cum 2d pref 50 Rensselaer & Saratoga (guar). 100 Rich Fred & Potomac— Dividend obligations 100 6% guaranteed 100 23 4% 4% non-cum 1st 100 Roch &; Genesee Val RR (gu).100 Rome & Clinton (guar) 100 Rutland 7% preferred 100 Rutland & Whitehall (guar)..100 18 66 55 150 185 35 40 50 100 100 % 40 non-cum 100 preferred.. ..100 Mob & Ohio stk tr ctfs (gu).100 Southwestern of Ga (guar)... 100 Stony Brook (guar).. 100 Sussex (guar D L & W) 50 Syracuse Bing & N Y (gu)...100 Tennessee Central... • % 1 1 "s"" 4% non-cum pref (guar)...100 Mobile & Ohio—See Southern 4% 83% 4% 85% Montgomery & Erie (guar) 2* 1% 5% % 1% 44 43 30 48 2 50 27 32 60 8 120 5 J 60 70 Texas & Pacific Ry 100 Troy & Bennington (guar) 100 Troy & Gr'bush (gu NYC).. 50 Tunnel RR of St Louis (guar).100 35 135 Union Pacific common. 100 4% non-cum preferred 100 United N J RR & Canal (gu).l00 Utica Chen & Susq Val (gu) 100 (guar) (guar). 100 5% non-cum pref (guar)... 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 Ware River (guar) 100 Warren N J (guar D L & W) 60 West Jersey & Seashore (gu)..50 Western Maryland Ry com.. 100 1st preferred .100 4% non-cum 2d pref 100 Western Pacific RR Ry 10 36 14 70 98 88% 241 47 84 37 100 14% 17% 25% 100 36 preferred Mobile & Birmingham— 23 53 35 1% 4% % b Basis, -.100 38 34 100 7% preferred series A.....100 5% % 1% 60 100 800"" % 2% 100 100 Southern Pacific Go Southern Ry common 3% 86 33 Vermont & Mass (guar) Vicksb Shrevep & Pac Minneapolis St P & com. * common % 1 2 Valley RR (N Y) 60 650 S S M— 4% leased line ctfs Line 69 18 5% 16 100 Hav(gu)__50 Air 4-2% non-cum preferred 100 Shamokin Vail & Pottsv (gu)._50 Sharon (guar Erie) 50 14 36 139 "6% 50 Michigan Central (guar) 100 Midland Valley common..... 50 Preferred 50 Mill Creek & Minehill Nav (gu)25 Mine Hill & Schuyl Joseph South Bend & Sou— Common (guar) 100 Preferred (guar) 100 St Louis Bridge 1st pref (gu)_.100 2d preferred (guar) .100 St Louis-San Francisco Ry 100 6% non-cum preferred 100 St Louis Southwestern 100 5% non-cum preferred...^.100 Saratoga & Schenectady (gul.100 Schuylkill Valley Nav & RR(gu)50 Utica Clinton & Bingham (gu)100 Preferred (guar) 100 385 5" Pref (guar N Y Central) amount. * 50 Pittsburgh & Lake Erie 50 Pittsburgh & West Virginia... 100 Youngstown & Ashtabula— Preferred (guar) 100 Pittsfield & No Adams (guar) .100 Portland & Ogdensburg (guar) 100 Prov & Worcester (guar) 100 Preferred 34 Morris & Essex (guar) 86% 15 Preferred (guar) 50 Pitts Cin Chic & St Louis (gu) .100 Pitts Ft W & Chic com (gu)._100 7 % pref (guar Pa RR) 100 80 48 18 18 152 74 113 _ 100 Ooal(gu) ~4% 20 50 50 conv 100 Piedmont & Northern Pgh Bess & Lake Erie (guar) 8% ..100 5% 111 50 RR)_100 Seaboard 4% Lackawanna RR of N J (gu)„.100 Lake Superior & Ishpemlng 100 Lehigh Valley... 50 Missouri Pacific com. nH 5c 184 100 7% guaranteed 56 Mo-Kan-Texas RR 50% % 2% 2% Phila Germ & Norris (guar).. Pbila & Trenton (gu Pa 150 4% 55% com Mississippi Central 115 20% Reading Co 24 Massawippi Valley (guar) „ 4.00 iil% 100 ...100 1% 45 % 1% % 15% 15% 100 Marquette Ry com 5% preferred 5% prior preferred Peterborough (guar) 3 42 44 5% preferred 2 - Eastern 17% 73 Railroad Securities Co— J4 % 111 Cent stk ctf 1952..1000 1% 23 Coal & Pore Pitts 42% t Quotations represent dollars per $100 face Nominal, x Ex-dividend, y Called Oct. 1 110. 83 50 100 M iin? Central 2 2 7% *» 38 55 Kal Allegan & Gr Rap (gu)_.100 K O St L & Chic—Pref (gu)..100 . .• 1% 1% 1% - 35 14% 26% Internat Rys (Cent Am) 5% preferred Jollet & Chicago (guar) 2 ' 7 2 — 71 1% 3% 14% 25% Mahoning 1% 1% 1% 1% 1% 75c 5% class A.....100 8 % class B 100 7% class O 100 10% class D 100 4 % % class E 100 6% non-cum pref stamped.. 100 74% 77% 2% 2 100 35"" 66 45 • Preferred 24 (guar N Y O) 50 Belgian Nat Rys Co— American shares partlc pref... Boston & Alb (guar N Y U)..100 32 Non-cum 6% pref series A ..100 10 100 101 non-cum 42 St . 50 5 Leased lines (guar) ..100 Stk tr ctfs—See RR Securs Co 70 100 100 4 100 preferred .100 Hartford & Conn Western.-.100 Illinois Central.. ..100 "72 15 com.. >0 50 6% 20 common 4% 5% 6% Gulf Mobile & Northern com. 100 30 100 4% non-cum pref Bangor & Aroostook 77% 49 3% 4% Preferred (capital stock * Green Bay & Western.......100 71% 85 Atlantic Coast L Co of Conn. .50 Atlantic Coast L RR com 100 Baltimore & Ohio 76 47 Greene (guar D L & W) 50 50 Atlanta & West Point 68 4% Great Northern Ry— Iron Ore Prop trust ctfs Alabama & Vicksburg (gu) 100 Albany & Susquehanna (gu)..100 Albany & Vermont (guar) 100 Alleghany Corp common • 5%% pref (with $30 warr)_100 5%% pref (with $40 warr)_100 5%% pref (without warr)..100 2 % % prior conv pref * Allegheny & West (6% guar). 100 Atchison & Eastern Bridge 100 Atchison Topeka & Santa Fe.100 5% non-cum pref 100 Atlanta Birm & Coast pf (gu).100 Atlan & Char Air L (guar) 100 64 2 Genesee & Wyoming 100 Georgia RR & Bank Co (gu)_100 Georgia Sou & Fla common 100 1st preferred 100 2d preferred 100 Goshen & Deckertown (guar) 10 STOCKS com 130 100 Ft Wayne & Jack pr»f (guar).lOf) Worcester & Conn Eastern Preferred Peoria 33" 1 European & North Am (guar) 100 Fort St Union Depot (guar)..100 5% 4s MvVN . 31 100 4 % non-cum 1 st preferred.. 100 4% non-cum 2d preferred..100 Erie & Kalamazoo (guar) 50 Erie & Pitts (guar Pa RR) 50 9% 7 Ry— 1st gold 4%b 1943 J&J / Yosemite Vaits f g 5s 1936.. J&J / 2 4 90 41 W'msport (guar)— 100 100 pref 100 No Carolina (guar Sou RR)_.100 North Pennsylvania (guar) 50 Northern Cent (guar Pa RR). 50 Northern Pacific Ry ..100 Northern RR of N H (guar).. 100 Northern RRof N J (guar) 100 Norwich & Worcesterpf (gu)_100 Ogden Mine RR (gu Cn N J). 100 Old Colony (gu NVNH&H)..100 Certificates of deposit Ontario & Quebec (guar) 100 Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) 50 Passaic & Del Exten (guar)..100 Patereon & Hudson River (gu)_50 Paterson & Ramapo (guar) 50 Pemigewasset Valley (guar) 100 Pennsylvania RR 50 Pennroad Corp com 1 Peoria & Bureau Val (guar)..100 37 Preferred (guar). Erie common preferred Adjust 4% pref-100 100 50 50 conv Norfolk & Western Ry 44 Elmira & 9% A&O 1% 42% 6% non-cum preferred East Mahanoy (guar) East Pennsylvania (guar) 1st gold guar 4s 1960 J&J 112% Winston Salem Term 5s '66.A&0 V no Wisconsin Central Ry— Sup & Dul Dlv 4s 1936 M&N Certificates of deposit.... 7% N Y Ontario & Western......100 Norfolk Southern ..100 17% Dover & Rockaway (guar)—100 Duluth South Shore & Atl—• 76 100 „ 119 5% non-cum preferred 100 Detroit Manufacturers (guar) 100 . J&J % 117 Detroit Hillsdale and Southwestern (guar)— Detroit & Mackinac Ry 50 100 Delaware (guar Penn) Denv & Rio Gr West 6% 1st 5s extended 1948 J&J / 24 Wichita Union Terminal Ry— 1st g gu 4 %8 1941 opt 105 M&N Wllkes-Barre & Eastern— 1st guar g 58 1942 J&D / 9 Willamette val Southern Ry— 6s 1939 F&A 15% Wilm & Newborn 4s 1947 F&A 70 94 Wilmington & Nor 4%s '77.. J&D Wilmington Ry Bdge 5s *43.A&O 92 Winston-Salem Southbound— 100 100 " .50 106 .-25 ' 1 Delaware & Hudson Co 100 Delaware Lack & Western.-- 50 2% 6% preferred series A com (gu) " 68 non-cum ♦ N Y & Harlem 340 5% 100 N Y Chic & St Louis com % 64 (guar) 100 pref (gu).-.--100 Cleve & Pitts (gu Pa RR) 7%.50 Special guar 4% -50 Colorado & Southern ---100 4 % 1 st non-cum preferred -.100 4% 2d non-cum preferred--100 Columbus & Xenia (guar) 50 Concord & Portsmouth (gu)__100 Conn & Passumpsic pref (gu)-100 Consol Rys of Cuba 6 % pref. 100 Cuba RR 6% non-cum pref—100 Dayton & Mich com (guar) 50 Preferred (guar) -50 Delaware & Bound Br (guar). 100 85% New Orl Texas & Mexico New York Central RR 2% % 2% 325 Common 1980 —-J&J / Wichita Fails & Southern— 48 -20 Clearfield & Mahoning (gu)—50 Cleve Cine Chicago & St Louis 20 Unstamped (guar L & N) 60 % 72 44 Nashv Chatt & St Louis Newark & Bloomfield (guar) 95% 2 29 33 50 New London Northern (gu)-.lOO New Orleans Great Northern.100 35 1% Bid 25 25 100 23% 34% 93% 45 Par Nashville & Decatur— Original (guar L& N) 21 Preferred J GO Oin Union Term 5% pref... .100 62 16 6 4% 20 —- - New common 48 20 Preferred (guar)------—100 Cin New Orl & Texas Pacific—100 109% 5s div t-;Xx (guar) .100 :— — -* 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred_-_--100 Chic R I & Pacific common—100 7% preferred J 00 6% preferred 100 Cinn Inter-Terminal— 67 37 I m 1st gen g 4s 1949 Certificates of deposit 1st & ref 4s 1959 Jersey- Common Equipment trust 5s Western Ryof Ala4%s '58.-A&O 80 Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966..M&S d 105 1st consol gold 4s 1949 M&S 114% Wheeling Term 4s 1940 F&A 101% White & Black River Valley— A1 Great Southern 39 4% preferred-------------100 Chicago Ind'polls & Louisville 100 4% non-cum preferred-----100 Chic Milw St Paul & Pacific— - 6% 30 1st M 5s 1946series A....M&S f Assented 5s 1946 RAILROAD 37 17 Morris & Essex Exten (guar).100 Mt Carbon & Pt Carbon (gu) 50 Nashua & Lowell (guar) 100 Chesapeake Oorp Chesapeake & Ohio common...25 Preferred series A..—-----100 Chestnut Hill (guar) -50 Chicago Burl & Quincy.. 100 Chicago & Eastern Illinois—6% preferred J 00 Chicago Great Western com—100 18 • 1951 39 Chattahoochee & Gulf 50% 18% .... 17 42 11% Western Maryland 4s .l952.A&0 85% 1st & ref 5%s 1977 ser A_. J&J 90 % Eq tr 4%s E 1939-1941...J&D b 1.50 Eq tr 2Ms 1939-1946. 2.00 J&D b Eq tr 2s G 1940-1949&0.50 to West N Y & Penna 4s 1943. A&O 106 % Western Pacific RR Oorp— S'easlern Stocks 37 Central of New M 25 .... West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor & Ask (guar)..50 2d preferred (quar)---------50 Cayuga & Susq (gu D L & W).30 39% 18% .... f / / / / / Toledo & Chic 4s g 1941..M&S / Omaha Div. 1st 3 %s g *41. A&O / Wabash Railway Co— Ref & gen 5%s 1975 A M&S / Certificates of deposit.. / Ref & gen 5s 1976 ser B..F&A / Certificates of deposit / Ref & gen 4 %s 1978 ser C. A&O / Certificates of deposit / Ref & gen 5s 1980 ser D..A&O / Certificates of deposit. / Warren 1st ref g 3%s 2000..F&A Washington Central Ry— Marshfieid Bid Stocks Oatawissa RR 1st pref 2d gold 1st Par Ask Wabash Railroad Go— Corp....100 6% non-cum preferred.....100 Wheeling & Lake Erie Ry 100 4% prior lien 5 27% 13 57 154% 124% 1 53 24 53 3% 44 5% % % 43% ......100 65 fi% % cum preferred IOC Wilton (guar Boston & Me)..100 28 d Called Sept. 1 at 105. /This price includes 99 accrued interest f NOTICE—All bond prices are "and Interest" except where Quotations for all Ask Bid Par Stocks and Bonds Per Adams Express com Coll trust 4s 1948 Coll trust 4s 1947 10434 11.89 3.51 F&A Administered Fund 2d inc....--* Affiliated Fund com........ 1-25 Sec cony deb 6s 1944-47—J&J 12.65 3.89 — _ 10034 10234 10134 1% 10034 1% 1334 34 Series B 34 Forelgnln534s47F&A Dominion-Scottish Invests Ltd— 1st coll 4s series A 1952..-J&J 97 American European Secur—...• Coll tr s f 5s 1958 ser A——J&J -—.M&N 100 American General Corp.—...10c $2 preferred——.......1 $234 preferred— —— 1 S3 preferred—1 Amer General Equities Ins...25c 6s series B 1958 American Express Co. 5X 103% 4% 3234 Amer International Corp --* 1949 J&J Amer Insuranstocks Corp-...--* Amer Investment (HI)—.... $2 preferred 5% conv preferred50 Conv 534s Fourth 534 103 % 5X 3334 60 1 Option warrants- 6% 4% 1 aim..50 14 60 Industry Shares..—.—10 6% preferred $2.50 prior preferred 6% profit share deb 2034 54% — * * 1956—Q-J 10 106 1 ....100 4134 Boston Fund lac Boston Personal Prop Trust * British Type Investors A...—1 Broad St. Invest Co Inc....—-5 Bulloclr Fund Ltd 15.46 $3 conv preferred ............ ft* 107 IX Blair & Co Blue Ridge Corp common 20% 2% 134 15 14c 29c 24.96 26.70 13% 34 7% 14% 6s series A1959 A&O Canadian Invest. Fund. Ltd...1 Canadian Plow & Pap Invest Ltd— 94 96 Deb 6s series A1958 F&A Capital Administration cl A....1 $3 cum pref series A 10 Carey Trust.. ...* Carriers & General Corp. 1 Deb 5s with warr 1950.-M&N 71 ........ * 25 Burco, Inc common $3 conv preferred Cent-Illinois Securities Corp—1 conv 9^ 2% 3% Preferred 100 Preferred__.J^ 100 Cleve Securities 4-6s to 1943.J&J Commercial Credit common 10 4 34% conv preferred100 _ 3H% debentures 1951 41 conv A&O 1103% preferred- 54X • 105 2.430 138 50 48% 110 10434 55% 111 Commonwealths Distrib'n Inc_.l IX Commonwealth Investment..—1 3.40 60c Commonwealth Secure common. 1 Preferred.... Consolidated Invest Trust com.l 38 44 48% 10834 Commercial Invest Trust——* $4.25 1 2.400 135 48 107 100 - 11.01 IX 36% — 26.16 10.17 ... ..... 4% 3% 3% 24.33 Chemical Fund 1 Chicago Corporation. * Convertible preferred * Christiana Securities com—-100 City Investing Co 97 25 2 1 7% preferred • 100 Conv preferred ....100 Conv pref series of 1929..—100 6% cum preferred .100 Century Shares-Trust.........* . 7* 93 22 Cent Invest Corp 5-6s *57--A&O ♦Central Nat Corp class A—..* ♦Class B ._.—.* Central States Elec Corp.... 334 9333 6* -* preferred 7% 45 78 3% 9234 — $1.50 1% 3.70 70c 17 1634 2834 29 16 18 Continental Securities Corp— Debenture 6s May 1 1942— Continental 8hares— / ♦6% preferred—.. 100 Corp Securs 5% ctfs 1935..M&S Corporate Trust shares old ser—1 2.43 1 1 2.32 2.32 AA Accumulative series— AA (modified) AGO (modified)..—..... 734 7 6% „ X 2.76 2 76 105 10034 103% 10434 30.79 33.11 48 4.92 60 5.36 34 134 1, 38' 44 98% 9834 34 1634 234 ,6* 2 77 % 7.39 8.50 —... 5.25 —... 9.59 5.70 10.37 9.16 7.61 7.96 Machinery Metals 7.26 9.78 7.27 ..... 7.03 6.59 7.48 — Niagara Share Corp (Md)—Conv deb 534s 1950 .M&N Class B common..... 5 Class A preferred.....——100 Normandie Nat Sec pref * North American Bona Trust Ctfs North Amer Invest Corp com. 100 Collateral 4s 1951 J&D 6% preferred 100 534% preferred 100 North American Trust Shares— 1953 1955 49% 6 434s 71 25 s 934 10434 M&N .F&A f debs 1949 102 100 • 25 25 II 734 34 7% 834 33 34 % Superpower Corp A com.* Deb 6s 1963 (ex-warrants.-J&J Shawmut Bank Inv Trust— 4 39c 5% 9434 100 14~23 15.22 9.00 9.90 102 10034 934 % 42 41 1 1942 % June 21 634 25 10.27 24c 47 M&S 5s March 1 1952 M&S Sovereign Invest. Inc., com..10c Quotations not furnished by sponsor or issuer. n Nominal, x Ex-dividend. * No par value, a t Called Sept. 30 at 103 34. > . ' - n on page d Called Aug. 9 at 102. e 10 105 10.77 26c 49 % % 34 1 34 34 2 13 14 38 46 40 90 100 1 59 9.30 49 134 10".l4 4.21 "% % 6134 6% 63 62 63 10% 1034 7 „ 434s Mar 34 1134 9434 94 5 34 26 18 3 30 — Preferred 3% 72 46* Italian 5 334 9834 9834 173' 23 _____ Investors Trust common... 834 4 Debenture 434s Feb 1 1947— Debenture 4%b Dec 15 1952— 6 7% Class B... ——-* Petroleum Corp of Amer 5 134 Phoenix Sec Corp * 48 $3 conv pref class A —10 1948 834 Plymouth Fund Inc 10c 834 Heller (W E) common ..,.2 Preferred w w 25 c 2634 July 22 Prudential Investors.. —* 25 Preferred x-w_ -_-25 July 20 $6 preferred ——_..* 4s with warrants 1946—A&O 10234 10234 Pub Util Investing 5s 1948.A&0 75 Pub Util Sec $7 partic pref.—..* Household Finance com * 7234 109 11034 ♦ Putnam (Geo) Fund 5% preferred 100 15c 35c Quarterly I a come Shares..—.10c ♦Huron Holding Corp..——...1 4 5% deburies A 1942 M&N Hydro F.lec Sec com —* Railway & Light Securities com * illuminating & Power Securities— Conv coll 4 %s ser "11" *55 A&O 9534 1st preferred.. .—....100 16.30 17.53 Railway & Util Invest A—....1 Incorporated Investors.——..5 3 34% preferred 2.19 —* Independence Trust Shares.....* 2 Reliance Internal Corp com A 10c 1 Independence Fund of N A. ... .5 Industrial Finance vtc 1 34 Preferred —* 12 34 Representative Trust Shares Preferred 100 1134 10 Republic Investors Fund... ... Institutional Securities Ltd— 1.09 1.20 Reynolds Invest 5s 1948.—.A&O Bank Group shares 1.33 I.46 Common stock 1 Insurance Group Shares... $6 preferred .....* Insull Utility Invest— Rossia International Corp * Deb g 5s Jan 1949—...F&A f' Deb g 6s 1940 B with war.. J&J % Royalties Management A 90c ♦Schoellkopf Hutton and Insuranshares Co of Delaware.. 1 Insuranshares (Md) ctfs Inc...1 5% 534 Pomeroy Inc common....-10c 2 Seaboard Commercial— 10 International Holdings & Inv .* 134 7 New common 634 5% preferred 50 International Utilities class A 834 Second Carey Trust 100 734 Class B %6 Second Nat Inv Corp Cord—---1 34 18 $5 conv preferred 1 1634 $1.75 preferred * 37 $3.50 prior preferred 3834 Securities Co of New Jersey— * k June 13 6s series 4 Nov 1942..——. Warrants series of 1940-.. Securities Corp 'General com—* Interstate Bond Co— $6 preferred ——* 9934 434s coll tr AAA 1940-43.. A&O Selected Amer Shares Inc 234 100 5s coll tr BBB 1944-51—.A&O Selected Income Shares 1 4s coll tr CCO 1939-42—M&N 9934 Selected Industries com— -* 44 Invest Bond & Share5s A'47J&D 19 $5.50 prior stock .......25 Investment Co of Amer.—.—10 1734 II.18 Convertible stock— 5 10.49 Investors Fund of Amer Series Ol Investors Royalty % % Allotment certificates ........ 20 Preferred 25 25 Shawmut Association .....* 34 434 3 5 - i 934 10334 ~2" ....1 Preferred ...—1 Oilstocks Ltd Oklahoma Southern Trust 10 Old Colony Invest Trust Com— Old Colony Trust Assoc Overseas Securities Co Deb 5s April 1 1948 A&O (Pacific Finance Corp (Calif) 10 4.24 'Pacific Investing Deb oe 1948 J&J 6.15 Pacific Southern Invest pref—* 5.72 Class A * 5.25 * ---* — 30 30 2.35 2.82 3.74 6.02 6.95 4.67 4.28 96 2.40 Oils & Industries com 5.91 5.19 8.18 7.16 7.08 4.97 5.43 634 94 26 2.77 Deb 634s w w 1944 69 102 5% July 17 88 15c 1956-— 68 7.61 7.14 8.10 99% : Northwest Bancorporation.. * Ohio Finance conv 5s 1951.-F&A ' 10.57 7.87 9.12 8.43 Railroad equipment. 16 k Last sale, 7.03 ......... Continued a 8.47 ........ Building supplies Electrical equipment 79 13 3.89 5.65 $6 1st preferred-. $3 2nd preferred Debenture 5s series A i".3§ 13.48 Steel stocks 6.51 4.56 3.43 5.53 6.39 Guardian Investors com.......1 74 1.26 Agricultural—............. Automobile Oils 6.58 Tobacco Shares 4.20 134 634 12.51 ............. New England Fund.— 4.60 7.52 Steel Shares.... 74 6% New York Stocks, Inc.— I Insurance Railroad Equip Shares 40 3.70 7.69 4.30 Petroleum Shares.. 8% Canadian Internal Inv Trust— 3.85 25c 2.77 3.71 4.76 Investing Shares.... Merchandising Shares Mining Shares 6.28 634 Nation Wide Securities Co 5034 Chemical Shares.... Food Shares 1434 2134 5.90 Aviation Bank stocks... Building Shares 16.62 21 ...... 7.75 Automobile Shares.—. Aviation Shares.... 42 \V* 97 1958 Pref allot ctf 25% 1st pref..* Gleneagles Invest 6s June 15 1944 Great Britain & Canada Invest¬ ment Corp 434s 1959 A&O Group Securities, Inc.— Agricultural Shares..— 10% 94 1934 Voting shares -* —F&A General Capital Corp ——* General Investment Corp..—-1 $6 preferred-.-.. —* General Investors Trust-. .1 General Public Service Corp * $6 preferred -* Conv deb 5s 1953 J&J Gen'l Realty & Utilities com.,— 1 $6 preferred --* Gen Shareholdings Corp com—1 3 conv pref ww— * 11.94 1034 1434 * Trust— conv pref stamped—; .....* Nat Trust Shares Remodifled 1 German Credit & Investment— 15 3.73 * Beneficial Loan Society 7H National Investors.. 20.14 2.50 3.35 9.56 6.98 American $6 preferred... Deb 5s Feb 1 1952 General 41 Nat Republic Invest 134 18.70 17% 7.01 5.79 3 60 Bankers Nat Investing— 34 2834 2% 36% 4% 2734 10.92 10 5 5% preferred ser A w w. 100 Nat Bond & Share Corp........* 5.06 4.58 55 9% 47% 1% 29.87 2 • Investors—* Class B 5% National Bond & Invest com Fundamental Investors Inc 2 Fundamental Trust Shares Inc— Class A 3£7/* 98 84 18.89 50 4% 2 * 97 5% preferred —100 10-year deb 3s 1946 J&D d 102 13 Atlantic Secur 4%s A 1953-A&O 8% Atlas Corporation common——5 40% 6% preferred ......-60 Basic Beneficial Industrial Loan 82 17.37 26 Associated Stand. Oil Shs.. Associates Investment Co. Mutual Investment Trust National Aviation com Common with warrants..—-1 1 Common ex-warrants 49 2 55 Associated Gen Util com v t c___* Inc deb 5s w w 1956 M&N(£ Income deb 4s 1961 M&N 634 National Investors— 25 — 2634 Midland Invest Corp (Mo)— 3s 1953 M&N 2834 28 4% 5.25 22.49 20.92 1 1 2% 3634 6 27.78 3^6 _ 7.85 4.75 10c 27 - 47c 42c 19.00 103 24 434 6 % conv partic preferred— .50 14 34 45 17.69 i* rtr 26 23% Merchants & Mfrs Sec A com__.l Partic preferred ___* 13% 40 101 4.60 7.11 Massachusetts Investors Trust. Mass Utilities Associates vtc 1 12,20 34 Corp.......__5 Maryland Fund Inc 14.15 2% S3 preferred $6 60prior pref—--—Amer Cities Pr & Lt cl A 25 Class A opt div ser w w 25 Class B. 1 Amer Elec Sec partic pref—...1 • 99 % 8$ 10c 6.50 1.31 16.77 16.59 11.27 15.60 4.09 Lawyers Mtge Inv (Boston)— 1st 5 34s series B 1945 -M&8 Lehman Corporation..—...1 Marine Midland 1% Eastern States Corp com * July 26 $7 preferred series A —* May 29 $6 preferred series B * 22% 23H Eas Util InvestDeb6sl964U&S 16 Eaton & Howard Management Fund A-l -* 96% Economic Inv Tr Ltd 5sA'57M&N 9534 5% 634 Empire Capital Corp A 5 3.52 Empire Power Corp partic stk-* 3.18 1% $6 preferred * Equitable Invest Tr (Mass) 6 19 Erniity Corp common... 10c 74 $3 conv preferred 1 34 Equity Shares................1 33 34X Fidelity Fund. Inc 134 1% ♦First Boston Corp ..—10 3 First Mutual Trust Fund 1X 6 Fiscal Fund, Inc.— 5% 103 Bank stock series 10c 103 Insurance stock series 10c 160 500 Fixed Trust Shares series A—.10 4% 4«„ Foreign Bond Associates Inc..10c 29 2934 Foreign Power Secur Corp—_ 33 1st coll tr conv 6s A 1949- J&D 31X 40 35 Foundation Trust Shares ser A—1 Corp A........10c 14.16 Manhattan Bond Fund Inc 1 Amer Business Shares.......... —- 1 29.94 24.46 11.03 Series S~4 Larkins Warr Ttust—........10 3.75 5.80 1.21 25c 27.37 22.33 15.30 15.14 10.17 . Series K-2 Series S-2 Series 8-3 25 Domestic & .53 48 17.23 3.01 2.65 Dshares.........__.....2.60 49 Series B-l Series B-2 Series B-3. Series K-l 15.94 1.60 ...—.1 Diversified Trustee Shares— C shares—....... 16 45 Amer Business Credit A........1 ♦Glass A. -* Dividend Shares........ (Mass)— Deb 4 34s with com shs 1967-— Aldred Investment Corp (Can)— Deb 434s with com shs 1968—Alliance investment com— * Allied Int Investing Corp com—* $3 convertible preferred-——-* ♦Amerex Holding Corp * Amer British & Cont Com-.---* $6 preferred ---* Deb g 6s 1953— -F&A Bankers Securities Corp 113 4.79 Deposited Bank Shs N Y ser A—1 Deposited Insur Shs. ser A 1 Aldred Invest Trust Amer Capital Class B_ 35" —100 Ask share Keystone Custodian Fund— 29% 32% com.....10 preferred Cumulative Trust Shares... Delaware Fund 101 102 Conv deb 6s 1948-----—J&J Sec conv deb 4%a 1949—J&J Air Investors Inc * Convertible preferred...—. Warrants-...——--——*—- 27% 118 ♦8% ♦Crum & Forster Insursh B Bid Pa Per 10 •Crum & Forster Inc 104 - Stocks ana Bonds share ♦7% cum preferred....—-100 8% 10234 10234 10734 - Ask Bid Par Per _ M&S J&D 4Mb stamped 1946 Stocks and Bonds share 8% —- marked "V and Income and defaulted bonds securities are as near as possible for the closing day of the month preceding the date of issue 85 80 83"" 68c 75c 84 Ex-coupons. / Flat price* Utilities Public electric power, water, telegraph, telephone and bridge companies.) (Includes street and electric railways, gas, prices are "and interest" except where marked Quotations for all securities are as near as possible for the closing day of NOTICE—All bond Bid Bonds Adriatic Electric Co Atlantic Co Wat 5s '58 ser (Italy)50 Ala Qas Co 1st M4Hi 1951-1 Alabama Power 1st 5s 1946-L 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 — 52 100% 107% 103% 102% 101% 103% 101% 101% 102% 108% 104% 103% 101% 104% A 1st M 5s 1957ser A J&J cons 1st coll 4s Jan 1 Deb g 6s 1952 ser A M&N % % % u J&J J&J 1975------J&J 26% 87 M Baltimore Transit Co— Deb 5s series A 1975 % A&O f 103% 68 5s mtge 5a conv 20" 1st g 5s 1955 ser 63 64 1st g 5s 1957 ser B 1st mtge 5s 1960 ser 1934.J&J / 7 Amer G & E deb 5s 2028. --M&N 108 Am Gas & Pow deb 3-5s "53-F&A 50 Secured deb 3.6-6s 1953 J&D Am Pow & L deb 6s 2016-..M&S Amer Rys Corp coll 4 Ms '53.A&0 8% 108% 50% 56% 99% 66% 49% Debenture 4 Ms 1963 Amer States Public Serv— 1st 1 5 Ms 1948 ser A I >eb 6s 1938. Amer A&O 57 100 67% M&N / J&D / Deb 5 Ms Nov 1 1943 25-year deb 3 Ms 1961 30-vear deb 3 Ms 1966 M&N A&O J&D 110%, 109% 109% 110% 110 109% SMsseries D, 1945 F&A Amer Util Service 6s 1964--M&N Amer Water Works & Electric— Deb 6s 1975 ser A __M&N Deb 5s 1975 ser J&D B 103 103% 89% 87% 107 108% 99 98% Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A 86 89 35 38 Androscoggin W Pow 6s *45.F&A / 39 Appalachian Elec Power— 108 1st mtge 4s 1963 -.F&A 107 8 f deb 4Mb 1948 F&A 125 Appalachian Power 6s 2024--J&J Ardmore St Ry—See Phila Co 43 Arizona Ed M&S J&J A&O J&J A&O 1960 Income 6s 1960 Arizona Power 5s 1950 127 105% 1st & ref 4Ms 1950 F&A Ark Louisiana Gas 4s 1951..J&J 102 70 71% 73 75 105 100% Arkansas P & L 1st 5s 1956-A&O 106 101% 106% Arkansas Western Gas Co— A 1953 A&O Ashl'd Home Tel 4 Ms A 1961A&0 Ashtabula Wat Wks 5s 1958.A&0 Assoc ser Elect 6s Jan 1 4 J&J Ms 1953 1961 J&J Associated Gas & 49 37 40 46 42% Conv A 5s 2002 Q-F / Q-M / Q-F / Conv A 6s 2002 Conv A 7s 2002 44 39 41 37 38% 36% 35 40% 8% 8% 8% 1978 1978 42" Coll trust ser 9% 9% Coll trust 52 84 86 75% 76% 72% M&S F&A A&O M&N M&S 42% 37% 35% 35% 43% 38% 36% 36% Investing Companies. Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J Deb 68 series A 1958 M&N 74% 74% 61 106 79 1955 ser A M&N Util deb 5s 1942A&0 / 43 Certificates of deposit / 43 Conv deb 6s 1941 M&S / 42 Certificates of deposit. / 42 Conv deb 5%s 1944 ser O.M&N / 43 Certificates of deposit-. / 43 2-yr 6 % notes 1933 A&O / 136 Certificates of deposit / 136 Athens (Ga) Ry & Electric— 104% 1st & ref s f g 58 1950 J&J Atlanta Gas L 5s g 1947 107% J&D Gen mtge 4Mb 1955 105% M&S Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J 104% Deb 5 Ms Assoc Telep 1942.-F&A 5s 1944 A&O Bklyn Un Elev—See Bklyn Queens Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A. .M&N 1st I ien & ref 5s ser B 1957 M&N Deb 5a 1950 J&D See Associated Telep Co Ltd— 1st M 4s series B 1965— J&J Associated Telep & Teleg Co— 3 Ms 1943.-M&N 3 Ms 1944.-M&N 3 Ms 1945 M&N 3Ms 1946--M&N Coll trust ser 3Ms 1947—M&N Coll trust ser 3 Ms 1948—M&N Coll trust ser 3Ms 1949.-M&N Coll trust ser 3Ms 1950.-M&N Coll trust series 3 Ms 1951 _M&N Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J 1st con 5s July *41 (stp)—M&N Bklyn Un Elev 5s 1950 F&A Kings Co El 1st 4s 1949 F&A Nassau Elec 1st g 4s 1951--J&J 1st Buffalo General Electric— Gen & ref 4 Ms 1981 Buffalo Niagara Electric— 106% Gen & ref M 3 Ms ser O 2s deb A 1910-1942 80% 3s deb B 1943-1947.3 Ms deb O 1948-1952 F&A 67. J&D J&D ..J&D J&D Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A 103 M 101 104 M 105% 111 109 • 111 J&J J&J — 99M Atlantic City Gas 5s 1960 1st lien & ref 5s 1957 -J&J 109 J&D 105 103 102 % 102 4s Dec 1 1945 4s Dec 1 1948 Light 3 Ms '66—A&O . loo" 101 Power— 118 103 M 104 M Cent Mexico Lt 1st s f 6s 1940 108 109 Central N Y Power Corp— Gen mtge 3%s 1962 101M 102 108 & 54 58 62 M 103 109 M 102% 95% Central States Edison, Inc— 1st coll inc 3-5s 1950 M&S 78 w* 86 84 76 78 75 76 M 75 Deb 5 Ms 1% 75 43% 43% 1953.J&J 72 72% J&J 47 50 J&J M&S 15 & Lt Corp— 1st M & 1st lien 5 Ms Debenture 5s 1944 76 Cent States Utilities 6s 1938.J&J / 76 74 M 74 M 76 Cent Telep (Del) 6s 1938—M&N / Cent Vermont Public Serv Corp 74 M 74 M 76 74 M 76 74 M 76 76 1st mtge 3 Ms ser B 1966.-F&A Central West Public Service— 5Ms 1956 - / 1% 14 3 107% 74 M 74 M 76 2% 2% 1% 73 1954 Pow 96% 104% 104% 42% 42% Central States Elec Corp— Conv deb 5s 1948 Cent States 36 107% 103% 105% A&O 60 M 109% 107% 28 J&J J&D D.J&J Cent Pow & Lt 1st 5s 1956—F&A Cent Pub Serv Corp— Conv deb 5 Ms *49 F&A Cent Public Utii.(ws)inc5 Ms. 1952 109 107 Pow Cent Pow 1st 5s 1957, ser 107 109 106% 107% 4 Ms 1940 sec 105% 104% J&J Central Kansas Pr 6s 1946--M&S Conv 96 94 Co— 1st & ref 6s 1947 ser A Maine 103% 103 A 1968--J&D 3M% ser debs 1939-1943—J&D 4% serial debs 1944-1948. -J&D Cent Indiana Gas 5s 1957 M&S 108 83 Charleston Cons Consol Ry Gas & El gold 5s 1999 M&S 105 Charleston Transit Co— 41% 38M 95 1st 5s 1942— M&S 75 ^ 42 Gen & M&S 45 86 88 Coll trust 5s notes 1942 4l" 41% 86% 75 adj 5s 1952 M&S 70 '16.M&N 100 '56.M&N 100 Chattanooga Ry & Light— 1st & ref g 5s 1956 op Chatt Rys 1st cons 5s Chester Water Service Co— 113M 113M 105M 96 110M 113 M 114% 105 M 96 M 110% 104% M&S 1st 4 Ms 1958 series A Chic Aurora & Elgin RR— J&J / 1st & ref 6s 1951 Chicago City & Connecting Ry Coll tr s f g 5s Jan 1,1927. A&O / Chicago City Ry— 110 1936 J&J / ser A J&J / 5Ms 1956 A&O / Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and pay Aug 1, 1938—F&A / Certificates of deposit / 1st mtge gold 5s 1st & ref 6s 1955 102 103 M 103 1st & ref 110 Cons M 5s 118 Calgary Power 1st 5s 1960--A&O 104M A Feb '27--A&O Series B Feb, 1927 121 f 5s 1951.-J&D Cairo Bridge 1st inc 6 Ms '58.J&J ser 71 105% J&D 104M A&O A&O 101 103 101 % 102% J&D - - 5 8% 8 54% 2 1% 1 1 1% 58 55 55 56% 11 ff 10X Chicago Rapid Transit Co— 1st & ref 6Ms 1944 J&J Certificates of deposit-1st & ref 6s 1953 ser A J&J Certificates of deposit. / Adjust deb 6s July, 1963—J&J / Certificate of deposit. 106 4% 53% 1st 5s (15% paid) 1927— -F&A Chic North Snore & Milw RR— 5% 6% 6% 6% 6% 6 i/o i - Chicago & West Towns Rys— J&J 5% 1st mtge 3 Ms 1966——-F&A 1st mtge 3 Ms 1967 J&D Cin Newport & Cov L & T— 110% cum inc 5s 1937 Cincinnati Gas & Electric— 108% 90% 1st ref 6s 1947 series A 107 1st 6s 1955 Called Sept. 1 at 103% 101% 99% 110% 4s Dec 1 1947 Cincinnati Street Ry— 1st m 5 Ms ser A 1952 * 102% 1st & gen 48 ser G 1960—A&O 1st & gen M 3 Ms ser H '66.F&A 1st & gen M 3 Ms ser J 1968J&D 105M 1st s f 5s 1964 99% 99 M 100% - 116 Butler Water 5s 1957 A California-Oregon Power— Deb gold 5 Ms 1942 1st mtge 4s 1966 104 103 102 Central 20M 88 Atlantic City Sewerage— 1st s f 6s ser A 1956 103% * 103 Central Indiana Power 106 M 109 M 120 s 26 3 Ms Dec 1 1943. 1st mtge 3 Ms ser 93 Ry Burlington (Vt) G L 5s 1955.-J&J A&O 91% 87% 90 M 86 M Central Illinois Public Service— 101 108% 89% F&A J&D 99 104% 106M 109% M&S 3 Ms Dec 1 1940 3 Ms Dec 1 1941. 3 Ms Dec 1 1942 1st Atlantic City Electric— Gen mtge 3 Ms 1964 Corp— J&D 1st & ref 5s 1951 Cent Illinois See International 106% 1st & ref 5s 1941 4s Dec 1 1946 Buffalo Traction— Butte El & P 1st 1946-M&S Cent Ohio L & P 1st 5s 1950. A&O ser 100 97 103 1st mtge 3 Ms 1964 J&D Serial debs 3 Ms Dec 1 1939 96 M 98 106% 103 1st & ref 3 Ms 1965 Cent Ills Elec & Gas Co— 100 95 93 -J&J ser Cent Hud Gas & Elec M 98% 102 106 4s Dec 1 1944. 102M M&S .—J&J 1939 98 105 A '55 J&J Cent El & Tel 1st 5s 28 M 28 118 Bklyn City RR 1st 5s 1941—J&J Brooklyn Edison Co— Consol mtge 3 Ms 1966 M&N Bklyn-Manhattan Transit Corp Coll, trust 4Mb 1966 M&N Coll trust 3s 1940 M&N Coll trust 3s 1941 M&N Coll tr series 3 Ms 1942 M&N 103 64 100M First lien coll tr 5Ms '46..J&D Central German Pow 6s *34. J&D / 109 Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953 M&N / ser Assoc General Utilities— Atl Beach Bridge 6 Mb 99 % 96 M M&S 1st & ref 5s 1954 ser A M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967. F&A Brooklyn City & Newtown RR— 103% 101 Centra] Gas & Elec 6s July 25 106 5s 103 M Capital Traction (Wash, D G) 1st g 5s June 1, 1947 J&D A&O 1st & ref 6s 1952 Deb g 4Ms Nov 1, 1941—M&N Deb g 5s Dec 1942 J&D ser 98% ..J&D Income deb 4Mb 1978 Income deb 4s 1978 103% 43 J&D 6 Ms 1951 Canadian Utilities Ltd— 1st mtge 5s ser A 1955 24 90 Coll trust J&D — 28M 26 Bolivian Power 8s ser A '45-A&0 Boston Elevated Ry— Coll trust 36 38" M&S F&A 1973 Conv deb 4Ms 1973.. Conv deb 4s 1973 Income deb 3 Ms Income deb 3 Ms 42% 45 Elec Corp— 8s ex-warrants 1940 Conv deb 5 Ms 1973 '65—M&N Mtge&Colltr3%sser D'68 J&D Bleecker St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940. M&N Boise Gas Light & Coke Co— Bridgeport Gas Lt 4s 1952..J&J 54 42 M & coll tr 4s ser C 51 44 53 50 Scrip 4s 1941 Scrip 4s 1942- . 43 M&S 8 f inc deb 5 M-6 Ms A 1986 F&A 8 f inc deb 5-6s B 1986--.M&S Associated Gas & 67% 71% 45 S f Inc deb 5s B 1983 M&S 8 fine deb 4 Ms C 1983—M&S 5s 102 104% 67% 70% F&A 8 f inc deb 4s D 1983 Birmingham Gas 1st 5s '59.M&N Brith Colum Pow 4 Ms 1960.M&S British Columbia Telephone— 105"" 104 M 76 / 4M % extended 1944 A&O Birmingham Water Works Co— 1st m 5%s 1954 ser A -A&O 1st m 5s 1954 ser B J&D 1st mtge 5s 1957 ser C F&A 7s Sept 1947 103 M Cent Ark Pub Serv Corp— 1st & coll tr 5s 1948 ser A—F&A __ 1st 4Ms series B 1961 Broad River Power Co— M&N F&A J&J Conv deb 4 Ms 1949 Conv deb 4 Ms 1948-M&S Cons ref deb 5s 1968 A&O Cons ref deb 4 Ms 1958--.M&N Conv deb 98% Elec Co— Conv deb 5 Ms 1977 Conv deb 5s 1965 Conv deb 5s 1950.. 73 39 Birmingham Elec 4 Ms 1968.M&S 106% 104% Arkansas & Missouri Power Corp 6s series A 1957 J&J 1st s f 6s 118 --F&A t 104 West End St 5s 1944 105 105% d 105 M&S / Term Central Elec of N J 5s 1940. Conv 5s 1957 104 F&A 1st 6s 1945-...-. Income 5s 107% 101 1948 1st 5s 109 102 % 102% M&S '56J&J 107% Cape & Vine'd El 4s A '65 J&J 13 H 102 M Rys— A&O fk 28 Biddeford & Saco Water— 100 M 99 M Blackstone Val Gas & Elec— Androscoggin & Kennebec Ry— 1st 6s 1940....- A&O f 6Ms 1956 1st mtge s 117% 1951—J&D / 1959—F&A Deb 68 Apr 1,1955 Berlin Elec Elev & Underg 102 Carolina P & L 1st 5s 1956 J&D 1947 4s series O 1956 American Toll Bridge— 75 125 M 129 M 128 A&O J&J 1st mtge 5s 1958 Bergen Turnpike 5s 1951 Berkshire Street Ry— Berlin City Elect 6%s Sink fund deb 6 Ms 87 7 125 O M&N Bell Telep Co of Pennsylvania— 1st &ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser C A&O Bellows Falls Hydro-Elec Corp— 1st extend 6s Telep & Teleg— 107% .M&S -J&D A 101M 101% Canadian West Telep 5%s „ 7s Pow 98% 103% Beaver Valley Water 5s '60-M&N Bell Telephone of Canada— Amer & Foreign Power Co— Deb g 5s 2030 -M&S & 99 M -J&J 1978 notes 101M Canadian Rail & Harbor— -J&J 1978- 1941 3 M s May 1 1942— 4s May 1 1943 4s May 1 1944 4Ms May 1 1945 4Ms May 1 1946 Calif Water & Telephone— 1st mtge 5s 1965 M&S 1st mtge 4s 1969 J&D Calumet G & E 5 Ms B 1960.J&J Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s *53. M&N Canadian L & P 5s '49 op *14 J&J 105 Beauharnois Lt Heat & Pow—■ 5% 18 Fuel 96M A&O 6 Ms Certificates of deposit 1953 / Amer Elec Pow deb 6s '57 M&S 15 / . 94 31M 27 M 112M 2d 109% 101 Ms May 1 1940— — 104% 1st 7s 1953 83 Community Power— Amer 12 100M S f income 8s 1953 81 Ask 3 Ms May 1 ---—A&O 1st 5s 1946 Bid 108 Serial 2 Bangor Gas Light 5s 1941—A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 J&J Bear Mt Hud Riv Bdge Co— Power— F&A / .—M&N / M&S / Deb g 5Ms 1953 Conv deb 6s 1940 Am J&J 1954 Commonwealths 102 Avalon Telep Ltd 4 Ms 58—A&O Baltimore County Water & Elec Deb 5s series B 5s 1930--J&J / 50 General 5s 1947 J&D / 37 Alliance Power 1st 6s 1952. .M&S / 100 Alliance Pub Ser(Ohio)5s *57 M&S 75 Altoona & JLogau Val Elec Ry— Arner A M&S Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941— Bonds Calif Water Serv 4s B 1961-M&N Ask 100% Deb 4s series A 1975 Alabama Water Service Co— Albany Ry 1st Bid Bonds Ask "f" and income and defaulted bonds the month preceding the date of issue t Called Aug. 1 at 104. b Basis, d Called Sept. 1 at 105. ser B__ /This price includes accrued interest, 111 111% -J&J 86 90 A&O 77% A&O 81 78% 84% k Last sale, n Nom'l PUBLIC 74 BONDS UTILITY 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 NOTICE—All Bid Bonds Crescent 77 77 M 76 M 77 76M 77M Coll inc 6s B Oct 1 ,1954. -J&D Cuban Telep conv 5s 1951—-J&J 1st lien & ref 7 Ms 1941.-M&S 87 M&N 1st mtge s f 4ks ser A Citizens Utilities Co— 87 X 87 J&D Telephone F&A A&O 37 38M 67 69 1953 J&J City Gas & Elec 1st 6Ms *51 -J&J City Light & Traction (Sedalia, Mo) 1st s f 5s 1952 -J&D City & Sub PS—See Un Rys of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 5s 1941 J&D City Water (Chattanooga)— 1st M 5s 1954 series B_.__J&D 1st M 5s 1957 serles O-. .M&N Clarksbury-Columbus Short Route Bridge 6 Ms 1952 J&D Clear Springs Water Service— 1st 5s ser A 1958 M&S 64 67 1st coll 4-5 Ms 1948 Citizens Water (Scottdale)— 5s series A 1st 95 Delaware Vail Util l—» oo Cni-» H-' Gas & El 1st g 5s 1st & ref 5s 1951 Stamped 99 Cleveland Electric Ilium— 108M 102 k 108k M&S 109 109M J&D 45 103 Coast Cos Gas & Elec— 6s 6s 1940 1942 Colorado Power 1st 5s Colo Utilities 1st 5 Ms ----- / 53—M&N 103 k »i——«i—»' o o co & co cc Deb g 5s 1952 A&O 15 Deb 5s Jan 15. 1961 J&J 15 Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A—J&D 1st & ref 5s 1954 ser B—M&N Columbus Ry Pow & Light— 1st mtge & colltr 4s 1965.M&N Commonwealth-Edison Co— , 108 k 108 k 110k 124% 111 115 Com'w'lth El 5s June 1 '43-M&S Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948- / 42 Non-cum inc deb 6s (x s) 1948 / 26 M Commonwealth Light & PowerRef & unif 7s 1962 J&J f 4 86 Com'w'lth Tel (Pa) 5 Ms '45 M&N 105 Com'w'lth Tel (Wis) 4s A *66 M&S Community Power & Light Co— Col M 5s 1957 M&S Community Public Service— 1st mtge. 4s 1964 M&S Community Teleph 5s Jan 1 1949 Community Water Service Co— Deb g 6s 1946 ser A J&D Deb g 5 Ms 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 3Ms ser F '66.M&S G '66-J&D 1956—.M&S s ser 87 k 124 k 44 28 106" 88 M 104 5 7 73 M 36M 77 75 M 38 47 127M Consolidated Cities L P &. Tr— 1st lien 5s 1962 stamped..J&J Consol Edison Co of N Y— Certificates of deposit / 20-yr s f 6 Ms 1948 A&O Duluth-Superior Transit— 1st 58 1953 w s M&S Dumbarton B'ge 6Ms to '49-J&J Duquesne Gas Corp— 1st conv 6s ctfs. 1945 M&S15 Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948..J&J Duquesne Trac—See Phila Co Durham Pub Ser 7s A *49—A&O Durham Trac 1st 5s 1941... M&S East Coast Pub Serv 4s 1948 F&A East Jersey St Ry 5s 1944._M&N E. Kootenay Pow 1st 7s '42.A&0 East Prussian Pow 6s '53 J&D 21M f 22 73 98 130 Ref 6s series E Jan 1 1948-A&0 Eastern Michigan Rys— 108 k J&J / Adjt 6s due July 1958 A&O / Eastern Minn Pow 5Ms 1951 M&S Eastern Oregon Light & Power— 5 Ms series A 1951 M&S 1st mtge colltr 7s 1958 95 M 5s series B 1953 J&J Eastern Shore Pub Service Co— 129K 130k Electric Ferries 7s (w-s) '41.A&0 Elec & Peoples. See Phila R T 111M 107 M 111k 54 „ 106% 106 108M 107 k Co— 73 54 75 Corp 97 77 Hydro-Elec Wks of Upper —- 25 5Ms 1947ser A___._M&S 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1949 ..M&N Economy Lt & Pr (111) 5s '56. J&D m Pow Corp (Germany)— f 6Ms 1950 M&S / 1st sink fund 6Ms 1953..A&O f Electric P & L Deb 5s 2030.F&A Eliz Plainf & Cent J) See Eliz & Raritan Riv)Public Serv Eliz & Trenton RR j Corp 1st 108k 107M 109% 109k 111 107 k 108 108 M Consum's Water 1st 6s A '46 M&N 89 M Deb 5M» series A 1970 A&O Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s '40-J&D 73 M 92 % Continental Telep 5s 1953 -.F&A 98 M 86 Cooper RivBri'ge inc 1st 6s'58M&N Copper Dist Pow 4 Ms 1956- J&D County Gas of Dallas 5s '46 A&O County Gas (N J) 5s Jan 1 ,1952. - 11 Oh 93 3 98 105 82 loo" 99" s Water, Light & RR— 1st & con g 58 1956 M&S 1st m 5s 1950 ser A —J&J Empire District Elec Co— 1st & ref m 5s 1952 M&S Empire Gas & Electric Co— Gen & ref 6s ser A 1952.-J&D Empire Gas & Elec and Empire Coke jt 1st & ref 5s'41 opt.M&S Eauit G & E Utica 5s 1942.A&O Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N Erie Coach Co 4 Ms 1959 Erie Co Electric 6s 1959 J&J t Called July 31 at 106. b Basis. 99 99 k 98 k / f 99 M 25 23 96M 125k 126k 26" 128 103 M 99 / 104" 99M 50 Corp— Investing Companies. _ 6 Ms 1950 J&J 1st s f 4 ks 1956 Great Lakes Utilities Co— 95 94 93 94 k 94 95k 95k 128 105 k 105k 105k 73 M 73 102 50" 25 100 17k 71k 62 k M&S 74 64 103 Green Mountain Power 2k 78 M 101 97 — •» — 4k% 4 k % 4 k % 4k% 4k% 4k% 4k% 4 k % 4 k % — 102M 103 M 99 . 123 110 k 103 70 107 110 103 M Corp— J&D 4k% serial notes 1940 J&D 4 k % serial notes 1941 J&D 4k % serial notes 1942 J&D 4 k% serial notes 1943 J&D 4k% serial notes 1944—-J&D 70 64 lk 77 M 102 F&A serial notes 1945 J&D 105M 102 M 102 k 102k 102 k 102M 101M serial notes 1946 J&D 106 101 J&D J&D 1949—J&D 1950 J&D 1951 J&D 1952 J&D 1953 J&D 100 99 1st & ref M 3ks 1963 103 110k 101k Power— Green Bay & Miss Canal— 1st & ref 4M8 1953..——.M&S 98 101 Northern 1st 58 stamped 1950 91M serial serial serial serial serial notes 1947 notes 1948 notes notes notes serial notes serial notes 98 97k 97 96 95 Greenwich Wat & Gas System— Col tr 58 1952 series A A&O 102 M A&O 102M Col tr 5s 1952 series B 98 104 M 62" Gulf Coast Water 1st 5s '48-F&A 57 A&O 104 106 A&O 101k 102 k 1st M & ref 4s ser O 1966—A&O t 106 107 M 1st m & ref 3 Ms ser D 1969M&N '107 M Gulf Power 1st 5s 1968 Gulf Public Service Co— 22 22 79 79k 11514 117M 104 103 k 105 M 1st mtge 6s 1945 Gulf States Utilities Co— Hamburg (Germany) Elec Co—_ Extl g s f deb 7s 1935—M&N / Hamburg (Germany) Elev Undergound & St Rys 5Ms'38--J&D Hamilton Gas 6 Ms Aw w *37 J&D 103 k 108 M 102 X 110 Harrisburg Gas 5s 1970—M&N Havana Elec Ry 5s 1952.-.F&A 5Ms (Sept'31 coupon)*5l-M&S Hempstead & Oyster Bay— 27 M 30 28 k 56 M 30 58 108 43 M M "k 97 Water 6% July 1 serially--—Hest Man & Fair Pass Ry—See P hil R T 110k Holyoke Street Ry inc 5s 1945 Home Tel & Tel (Ft Wayne;-— 1st 6s series A 1943 .J&J 1st 5M8 series B 1955 A&O 39 41 _ 41 % 65 48 70 129 Hoosac 21 109M /This price includes accrued interest, 105k 105 Valley Street Ry— 1947---M&S Houston Elec 1st 6s B 1950-J&D 1st ext 6s June 1 Houston Gas Securs 5s Houston Gulf Gas— 1952-M&S k Last sale, n 20 99 k 100M 102 102 k 102% 102 k 103 M ■ ^ Deb 6Ms 1943 with Called Sept. 1 at 105. 92 91 97 A&O 1st M & col 6s 1943 ser * 60 / Georgetown Gas Lt 1st 5s'61 F&A Ga-Caro Pow 1st 8 f 5s '52--J&J Georgia Power 1st 5s 1967. „M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D Georgia Ry & Electric— Atlanta Northern Ry Co— 1st guar 5s 1954 J&J Gesfurel 6s 1953 xw J&D / Grand Rapids Gas L 5s '39-F&A Grand Rapids Ry 1st 7s '39 M&N f Great Cons Elec Pow (Japan)— 1st M 7s 1944 F&A Great 19 Rys—1st 6s 1954 A&O / 108 M Erie Ltg 1st m 5s 1967 A&O 15 Erie & Suburban Ry 5s 1941 A&O 106 FaU River El Lt 3Ms 1968..M&N Erie 1.00% L25% 1.50% 68 El Paso El Co— M&N —M&N M&N M&N M&N 1st mtge 3 Ms 1965 1st mtge 3 Ms 1967 1st mtge 3 Ms 1970 1st mtge 3 Ms 1966 65k Elmira Co— 1st mtge 3 Ms 1965 65 k 101 Electric 6s unstamped 1943 ser A--J&D 6s stamped 1943 J&D '56-J&J f 1st See 1st & gen 101 94 H 2.00 2.10 b 101 Ref m 5s 1948 B J&J Ref 6s Jan 1948ser C..M&S 15 Ref 6s series D Jan 1 1948.A&O 100 b General Public Service 20M 112 110 Gen g 4Mb Apr 1954 Consol Gas Elec Lt & P Power 74M 103 / Edison El 111 (N Y)—See N Y G Edison Sault. Elec 4 Ms, 1961 A&O Wuerttemburg 1st 7s 103* 102 109 4Mb 1948 A 55 M 55 M Consumers 56 102 109M 107M m 54 A&O 18 53 Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1. '65.J&J 6% notes, 1940 85 80 „ / M 1.50 1st mtge & coll 6Ms C55-A&0 General Water Wks & El Corp— 1st lien & col 5s 1943 ser A_ J&D Eastern Mass Street Ry Co— 56 Consol 99 / 99 b General Public Utilities— IstM coll tr 6 Ms ser A'50_A&O 93 98 94 105 85 ♦ General Gas & Electric Corp— ■ 89 93 Scrip 48 due 1942 k 98 k 101 103 102 80 '49 J&D w w — 86 102 k Un Wat 6s 1935--J&J Fruit Growers' Express— 3ks series A & B 1969 - 90 98 M 100 Fontana 1 H Gas & Fuel Assoc— 54 M Utilities 5 l 1st m & coll tr 4s A 1956.M&S Eastern Iowa Pow 6Ms 1943-M&S Eastern Lt & Pow s f 5s 1964 M&N 106 Gas 5k 5M - 85 M J&J Equip trust 4 Ms to 1941 F&A Equip trust 4 ks to 1943--M&S Equip trust 4s to 1946 M&S Fullerton-Portsmouth Bridge— 1st s f 6s 1957 M&S Galveston-Houston Elec Ry— 1st M s f g 5s 1954 opt A&O Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 A&O Gary Electric & Gas Co— 1st lien coll 5s x-w 1944—J&J 58 with warrants 1944.-J&J Gary Rys Co 6 Ms ser A 1945 F&A Gary Street Ry 1st 5s 1937. .A&O Gas Co of New Mex 6 Ms *44 M&S Gas & El of Bergen Co os *49. J&D Gen 5s Nov 1.1954 -M&N - 12 M Great Lakes Power Ltd— 105M 106k 105M 108M Consol 5 F&A f Dom Elec Pow 6 Ms 1955 M&S Dominion Gas & El 6 Ms '45, J&J Dortmund Munic Util (Germany) Eastern 1954 Gatineau Pow deb 5s ij'&A / Debenture 3 Ms 1946 A&O Debenture 3 Ms 1948 A&O Debenture 3Ms 1956 A&O 20-year 3 Ms debs 1958 J&J Consol Electric & Gas— Coll 6s ser A Aug 11962--M&N 6s series B 1962 F&A Collateral 6s 1957 —F&A Consolidated Gas of Baltimore— A&O (Bait)—Ref mtge s f 3 Ms 1971 J&D 1st ref mtge 3s series P '69_ J&D 112 Bridge— f 6 Ms 1952 111 114k 109M 108 X Stamped guaranteed opt.-J&J 111k 110M 111M 91 127 Conn Riv Pow 3ks ser A 61 F&A Connellsv Wat 5s Oct 2 '39.A&0 99 M 108k 111M J&J J&J Ry & Lt 4 Ms 1951 4M 4M 3k 3 k 98 M Ref J&J 1st & coll trust 5s 1956 49 131 Connecticut Power Conn 91 21M _ 103 76 106k 106 M 49 Certificates of deposit Det & Pt Huron Shore Line— 1st gold 5s 1950 J&J 106 109 20 Gen & ref 4Ms 1961 ser D.F&A ser F 1965. A&O Gen & ref M 3 Ms ser G '66M&S 103k 57" 89 Gen & ref M 4s s 106 M 6s 25 102k 103 M 89 Sinking una debs 5s 1940. J&D Florida Pow & Lt 1st 5s '54—J&J Florida Public Service Co— 1 st 4s series C 1955 J&J Florida Telep 1st 0s 1945—A&O 2d 105 % Pa tax International 106k 107 M 105 k M&N 1st mtge s f 6s 1953 M&N Certificates of deposit Convs f deb 6Ms 1948---M&N Detroit Pass Ry 5s May 1 1942... J&J / Florida Power Corp— 1st mtge 4s series O I960.-J&D 108 55 '49.-M&N 8 f deb g 7s 1952 1968.-J&D Conv debenture 3M« 1958-J&J s as to J&J „ B— J&D ser Federal Water Service Corp— Oonv deb 5 Ms 1954 M&N Federated Utilities Inc— 1st lien col tr 5 Ms 1957—M&S 52 108M 105 h 108k Denver Tramway Corp— Gen & ref 5s 1950 ser A J&J Des Moines Ry 1st inc 5s Jan 1 '55 Detroit & Canada Tunnel— 1st mtge 105 1st mtge 3 Ms ser I 25-year deb 46M 74 105k 1952.M&N 100M yy Fed'l P6w & Lt 6s Nov 1, 1965.— f Federal St & Pleasant Valley 107 k J&J J&J 102 k 103 k Debenture 6s 1954 ^ - 103 QQ 1/i (Internatser) 1942--M&S Stamped M&S 1st lien g 6s 1942 stpd—M&S 110 Certificates of deposit 1st 5s, 1966 M&N Detroit Edison— 8 105M 45 1958.M&S Columbia Gas & Elec Corp— Deb g 5s 1952 M&N 1st & ref M 3 47 40 - 6s Denv 50 Gen mtge 3ks July 1. '65-J&J Cleveland Ry 1st 5s A 1945-M&S 34 Ask 102 k 1st 5s 109 38 108M 73 Dallas Ry &^Ter 1st 6s 1951.J&J 106 Danbury & Beth Gas 6s 1948 F&A 40 Danville Tr & Pow 1st 5s *41-J&J Darby Med & Ohes Ry—See PhilaiR Tran Darby & Yeadon 4 Ms 49 104 Dawson Ry & Coal 5s 1951—J&J M 4Ms 1971 1st mtge g 4 Ms 1969 1st mtge g 4 Ms 1969 102 87 106 M * 105% F&A 1st _ 62 59 85 „ Cumberland Co (Me) Pow & Lt—! 1st mtge 3 Ms 1966 A&O Cumberland Gas 6s w-s 1948M&N - - / Bid Bonds Federal Light & Traction— 1st 5s (Amer series) 1942.M&S < Dayton Power & Light— 1st & ref M 3 Ms 1960-A&O Delaware Electric Power Co— Deb 5Ms 1959 J&J Delaware Power & Light Co— _ 1st s f 4s series B 1965 Colonial Util 5 Ms 1958 Public Service Co— Dallas Power & Light— 1st mtge 3 Ms 1967 103 X '61—J&J Income notes 3s 1955 Ask Bid Bonds 80 76% M&N ____M&S Oonv deb 5s 1950 J&D Cities Service Power & Light— Deb 5 Ms 1952 Deb 5Ms 1949Citizens Independent Ask 76 M Cities Serv deb 6s Jan 1966.M&9 Deb g 6s Apr 1958 A&O Deb g 6s 1963 Deb 5s 1969— < 78 X A-A&O war..A&O Nominal. 103 M 75 UTILITY BONDS PUBLIC Aug., 1939] price* are "and Interest** except where marked "f" and Income and defaulted bond* Quotation* for all securities are a* near as possible for fch° closing day of the month preceding the date of issue NOTICE—All bond Houston Ask 109V 109 M 105 V 129V 70 103 Hunt'g'n Wat 1st M 6s '54A M&S 1st M 5s 1954 ser B M&S 101 A&O 105 1st 5s ser O 1962 Income 2-6s 1st 103 M 120 104 M 101 101 111 Kansas City Gas 102 V 103 M 63 105 M 104 103 89 98 112M 71 14. 17 101 98 80 75 80 M . 83 V 109 H F&A 109 102 100 4s serial notes 1946-1948--F&A 102M 65 63 J&J 106 107M 100 M J&J 102M 54 V 54 H ..J&J F&A / f 52 V 52 V 12 Sinking fund deb 7s 1938.F&A f Inland Pow & L s f 6s '36 A.M&S / Colltrsf 6s 1941 ser B...M&N ; Coll tr 6s 1957 ser O A&O Debs f 7s 1935. J&D 10 17'' 7 8 Inland Telep 1st 6s 1948 82 84 f f 66 V eiv 31M 64 f 33 f 60 58 / ' 17V 17V Intercontinents Power Co— Debs A 6s 1948 J&D International Hydro-EIec System A&O 1957M&S Deb 6sl957 M&S Debentures 6s 1955 J&J International Power Sec Coim— 6M% sec bonds 1955ser C J&D Sec 7s 1957 Sec 7s 1952 ser ser F&A E J&J15 F International Railway (Buffalo)Ref & impt 3-5s 1962____M&N Buff Trac 1st 5s 1948 J&D International Telep & Teleg— Deb g 4 Ms 1952 J&J Deb 5s 1955 F&A Int-State Bridge 4-6 Ms *50 M&N F.-M&S Interstate Rys 4s 1943 ._F&A /. Interstate Telephone Co— 1st M 5s 1961 A&O Interstate Tel & Tel 5 Ms 1953J&J Investors Telephone 3s 1961-J&J 18 18 18 ser M 1V 85 H 97 M 85 V 94 M 101M 43 M 45 44 46 32 35 78 83 62 M 63 66 M 62 67 M 66 101V • 101 x 102 V 104 105 100 102 61 100 101 90 f 7s 1952__ 104 V 103V 105 V 107 lOl'si 104 s f 5Ms 1953 104 100 v 101 v A..M&S 103" 103 105 V 107 V 12 1 87 V 88 55 54 V 46 V 48 44 44 « — — 2 79" 102 M 106 M 99 M 43 M 71 103 M 107M 100 M 107V 107V 116 118 45 110V - 99 97 Miami 97"" - - - - 52 110V 106 109V 9 9 40" 73 (w-s) Mar 1952. 104 4s Aug 4s Aug 1941. 103 1942. 4s Aug 1943. 102 V 102 V 107 102 1944. Aug 1945. 4s Aug 4s Aug 1 1946. 4s Aug 1 1947 4s Aug 1 1948 H Mich Fuel & Lt 6s A 1950—J&D / Michigan Gas & Electric Co— 1st & ref 68 1 943 M&S 1st M 5s 1956 J&D 102V 102 V 102 101 v 101 v 101 v 35 101 98V 99V 100 v 60 101 v 64 • Michigan Public Service Co— 1st g 5s 1947 ser A A&O Middle States Util 6s A1951 A&O 87 6s *43—J&J Middle West Utilities— / 19 5s ctfs of deposit 1935 127 Middlesex Elec Lt Pow 5s *55 J&J ' - - - - 82 -J&J 1950-.. 5s 106 5M« 1957-A&O 1938.--M&S / 46 Light Co— 100V 1st M4Ks 1967. -M&S Minneapolis Gas Light Go— 1st mtge 4s 1950 107V J&D Middlesex Water Minnesota Power & Light Joint 7s 1944 100 v 103 100 v 102 V 91 89 80 105 103 V 102 58 55 V 109 V 108 V A&O t 100 - 1st & ref 5s 1955. Co— J&D 1st & ref 4 Vs 1978 Mississippi Power Co— 1st & ref 5s 1955 101 v 101 v 96 1st. 4-5s 1956 107V 102 V 99 V 102 V 111 105 100 89 A&O 91 79 72 75 106V 109V uov 122 97 V 64 V . 107 108 V J&D Missouri Public Service Co 88 89 103 4 Vis series O 1961 M&S Missouri Val Pub Ser 6s *39 J&J / 1 Mobile Gas Service Corp 93 1st 5s 1956 A&O 95 1st 76 22V 102V 109V 104 V Mississippi River Pow 5s '51 -J&J Deb 5s May 1. 1947 M&N Missouri Edison 1st 5 Vs '47 J&D Missouri Gas & Elec Service— s f 5s 1960 Missouri 105 V 106 99 V M&S Mississippi Power & Light— 1st M 5s 1957 -J&D 1st mtge 3 Vs 1966 106V F&A / 106 V 102V M&N Missouri Power & Light 55 Light Co— 1st mtge 4M8 ser A 1966.M&S Lower Austrian Hydro-EIec— H 108 Montana-Dakota Utilities F&A Telephone— 1st cum inc 9s ser A '56--A&O / 77 A&O / 67 61 Mob Lt & RR Cons g5s '41-M&S 90 Mohawk Valley ref 6s 1991 M&N Debenture 6s 2031 A&O loo" Monmouth Cons Wat 5s '56-J&D Monongahela Light & Pow Co— 1st M 5s 1949 J&D 120V Monongahela Valley Water 1st M 5Vs 1950 series A__J&J 102V Monongahela West Penn Pub Ser 109 V 1st & gen mtge 4 Vs 1960-A&O 108 Debenture 6s 1965 A&O Income 7s 1956 M&S F&A 46 V 100 Minnesota Northern Power— 103" 98 108" Milwaukee Gas ' 90" 110V 108V Montana-Dakota Utilities 1st « f 5s ser A 1955 A&O Luneburg Pow L & W W(Germ'y) 97 f 7s 1948 .M&N / 21 Luzerne Co (Pa) Gas & Elec— 1st ref&imp g 5s'48 op'13 A&O 108 V 1 st & ref 6s 1954 108 M&S s J&J 108 Conv deb 4Vs 1946 1st mtge s f 4Vs 1954 A&O M&N 96 V 104 V 97 V 105V Montana Power 1st & ref mtge 3 Vs 1966--J&D Montreal Isl Pow 5Vs 1957 M&N 100 v 104 100 v 105 V Montreal Lt Ht & Pow Consol— 1st &collsf 3Hs 1956 3Vs 1963 3Vs 1973 1 at 101 V. t Called Oct. 1 at 105. t Called for payment Aug. 1. a Average price, b Basis, / This price includes accrued interest, k Last Sale, n Nominal, r Canadian price, t Called Sept. Called Aug. 54 V 50 Michigan Associated Telep Co— 1st mtge 4s ser A1968 M&N Michigan Consolidated Gas— 1st mtge 4s 1963 M&S Serial notes 4s Aug 1 1940- 1st & coll * 103 V rfridge— 1st & coll Sept. 1 at 101. 108 A&O f 7s 1957 ser A 62 V 100 61 1st mtge 5s 1957__.__.___J&D Louisville Gas & Elec Co (Ky) Debenture 7s 1944 r oo Midland Util deb 6s 11017s» Long Island Lighting— Secured g 6s 1945. __J&J Conv deb g 5 Ms '52 ser A.A&O Long Island Water 5 Ms '55 M&N Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st ref s f 5s ser A 1948.__A&O 1st ref s f 5s ser B 1950 A&O 1st M 104 V T-H Middlesex & Somerset Trac— M&S lstsfg6Msl944._ s Middle Wesfn Telep lo" 7 J&D 5s 1950 Gas Light— 21V TH 4s Leipzig Overland Power— S f mtge 6Ms 1946 M&N f 21V 100 Lewlston Gas Lt 3 Ms O '56-A&O 109 Lexington Ry 1st 5s 1949.--J&D Lexington (Ky) Telephone— Lowell 91 Metropolitan Edison Co— 109V 1st M 4Ms 1968 ser D-—M&S 105V 1st M 4s 1971 ser E M&N 108V 1st mtge 4s ser G 1965—M&N 90 Metrop Edison Corp 6s '61.M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 1st gold 4s 1938 F&A / § Exten gold 4s 1938 8 J&J / 20 Mexican El L 1st M g 5s '42-.1&J 20 Mex Lt & Pow 1st 5s *40 s f. _F&A 35 Mexican Utilities 7s 1939—A&O 106 102 Louisville Ry— 2d 4 Ms 1940 99 91 Meridionale Electric Co— 109 V 1948_ .J&J 1944 36 52 1st s f 7s 1940 ser A Q Jan Maryland Light & Power— 100V 1st M 5 Ms 1950 ser A J&J 95 Maysville P Serv 5 Ms A 1942A&O Memphis Power & Light Co— * 101V 1st & ref 4Ms 1978 ser O-.A&O Memphis Street Ry— 37 3-58 series A1945 A&O 12 3-5s series B1945 Ann April / 105 1942—F&A Dist Pow— 1st mtge 3 Ms ser A 1966--A&O Lancaster Co Ry & Lt 5s 1951 J&J Lehigh Power Securities— Deb g 6s 2026 ser A F&A Lehigh Valley Transit— 1st extend 4s 1945 T&D Ref & impt g 5s 1960 __J&D Ref & gen 6-4 Ms ser B1966 J&J Ref & gen 4s series C 1967-J&J 4 63 V 62 89 , A&O Gen s f 5 Ms 1956 Maritime Tel & Tel— 46 V 2 2 62V 60 19 „ 167 Lake Shore Elec Ry 6s 1933.J&J i General 5s 1933 F&A f Lake Sh Gas 1st 5Ms 1950--M&N ww 45 Marlon-Reserve Power— 1st mtge 4 Ms 1952 A&O Maritime Electric 4Ms 1956-A&O Income deb 6s Lower St Lawrence Power— M&N ser 100 Q9 103 Island Gas & Electric— 25-yr 102 B 1942—F&A General V 102 X J&J July 1 '50-M&N Deb 6s 1950 ser A M&N Isarco Hydro-EIec Co (Italy)—■ s 104 106 M&S & ref 5 Ms 1st M 103 1st & ref M 3Ms 1966-1-'-M&S Louisv Ltg 58 '5? unstmpd.-A&O 28 25 M&N Iowa Southern Utilities— In & ref 5Ms 1950 1st 106 101 95 ^ Louisiana Pow & ■ _ 107 V M&S 102 V 104 V 104 Lone Star Gas 3Ms debs '53 F&A Long Beach Gas 1st 5s '56--J&D 113 V 1968 103V Kingsh'way Bdge 6 Ms 1962-A&O Water Works— 105V 1st 5s ser A 1958 J&D Lackawanna & Wyoming Val RK 10 1st 5s 1951 F&A / Debentures 6s 1948 F&A i 86V Laclede Gas Lt 5s 1939 A&O 86 Ret & ext 5s, 1942 A&O 53 V 1st M coll tr 5 Ms '53 ser C F&A 43 1st col&ref 5 Ms I960 ser D F&A 9 \om 5s 104 t 105 105 113 H 1st mtge 5 Ms 1959 Debenture 6s 1960 104 102 __ 72 M 53 V C '42.F&A Deb 103 103 Lexington Util 1st 5s 1952.-F&A LexingtonWat PowColst5s'68J&J Conv deb 5 Ms 1953 J&J Lincoln Gas & Elec 5s 1941 J&D Lockhart Power 4 Ms 1955.-J&D Lombard Elec Co (Italy)— 1st extl 7s 1952 ..J&D 60 1st lien & ref 5s *57 ser A M&N 1st 1 & ref 5s 1961 ser B M&S Iowa Pow & Lt 1st 4 Ms 1958 M&S Iowa Pub Serv 1st 5s 1957-.J&D 106 103 Kings County Elec Lt & Power— Purch money 6s g 1997--A&O KlngsCoElev—See Bklyn-Queens Kings Co Gas & HI 1st 5s *40 A&O Kings Co Ltg 1st ref 5s '54--J&J 1st ref 6 Ms 1954 J&J 1st M 6s 4 5s 1936--M&N / Terminal— An Oct Gen s f 7s ww 1941 A&O / 2d income 4s 1963 w s Ann O / Manhattan Ry con 4s g '90_ A&O / Cent Hanover Bk ctfs of dep. / 2d gold 4s 2013 J&J3 / Manila Elec RR & Ltg Corp— 1st lien & colltr 5s 53 M&S Manitoba Power Co Ltd— 1st M s f 5Ms *51 ser A.—J&J 1st M s f 5Ms 1952 ser B__J&J Mannheim & Palatinate Elec Cos 15-year s f 7s 1941 J&D / 1st 105 Keystone Telephone Co— 1st & ref 5MS 1955'ser A—J&D 1st 1 & ref 6s 1951 ser B—A&O 1st extend 5s 1945 47 M 50 1st mtge 4s ser E 1955 J&D Iowa-Ill Telep 2-5Ms 1949-.A&0 Iowa-Nebraska Lt & Power— ser 10V 32 Lake Superior A&O 4% notes to 1946 Iowa El Lt & Pr 7s 108V 109 102V - 99 100 v Market St Ry (San Francisco)— 101 v 95 Keystone Public Service— 1st M 5s 1978 M&N ser 99 V 106 V 1st income 3-6s 1957 w s 104V 104 V 101 A&O Kokomo Manchester 98 M&N A 1959. Ask Market Street El Pass Ry— See Phila Rapid Transit 101 ®32 C 1st m 5M® 1948 ser B_—M&S Kentucky Utilities Co— 1st M 6 Ms Sept *48 ser D M&S 5MS 1955 ser F ser 128 t 108V 1st mtge 4Mb 1965. M&N 108V 1st mtge 3 Ms 1969_ _ _ - _ _ - J&J 76 Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— / 9V 1st 6 Ms 1942 with warr.-J&D Kentucky-Ohio Gas Co— / 30 Ctfs indebt 2s 1958—---J&D Kentucky Power & Light Co— 6s coll notes 60 M J&J A 1961 32 V 106 V 125 A—M&S 1947.-M&S La Crosse Telep 5Ms Iowa Electric Co— 1st 4s 6s 2022 ser 6s coll notes ser A 63 62 Interstate Gas & EI 6s 1951. -J&D 43 Interstate Power 1st 5s 1957-J&J 72 Deb gold 6s 1952 53 J&J Interstate P S (Ark) 6s 1940 M&S / 6 Interstate Public Service Co— 104 V 1st & ref 6Ms 1949 ser B_. J&J 101 1st & ref 5s 1956 ser D J&D 1st & ref 4Mb 1958ser 31V 105V _ Certificates of deposit Conv deb 6s 1944 w w Internat'l Pow Ltd 6Ms 112 F&A 5s series H 1961 F&A 1st M 5s 1969 ser I F&A 1st 6s series K 1957 -M&S Keokuk Elec 6s 1945—---M&N Kewanee(Ill)Pub Ser 6s A 49 J&J Key West Electric 5s 1956__F&A 70 3s serial notes 1939-1941.-F&A 3 Ms serial notes 1942-1945 F&A A&O Interborough Rapid Transit— 1st & ref g 5s '66 op tax-ex. J&J Certificates of deposit 6% notes 1932 A&O Certificates of deposit Conv g 7% note 1932 M&S Certificates of deposit 6 102" 1st mtge 3 Mf ser A 1966-J&D Kansas Gas & Electric— 1st M Indianapolis Power & Light— Secured 5s 1958 Inland Gas 6 Ms 1938 32 103" 1942—_—F&A D80------J&D 105 V 101V 68V Indianapolis Columbus & 8outb ern Traction 1st 6s 1948.-F&A Indianapolis Gas 5s 1952 A&O Indianapolis Ry 5s, 1967 Indianapolis Water— 1st mtge 3M8 1966 Indianapolis W W Sec Co— 1st 68 series A 30V 3 105V / 1st mtge 4s series A 1964.J&J Kansas Power & Light Go—_ • 105V Kansas City Public Service— 1st ref 4s series C 1957----J&J / Kansas Elec Power— 1st mtge 4Mf Kansas Power 1st 5s 105 104 V 105V 1st 5s 46--F&A Deb gold 94 103 V O----J&D 3s B Dec 49 V 104 Jer City Hob & Pat—See P S; Corp Johnstown Traction 4s Dec 31 62 / Cons mtge 110 69 J&D / J&J 3Ms 1st mtge 1968 48 1967-----------J&J (NY)Telep 5s 1954 J&D Jersey Central Pow & Lt Corp—• 1st & ref 5s 1947 ser B F&A 1st M 4Ms 1961 ser 50 48 System— Quebec Power— f 4s _ 31 1962 Joplin W W 1st 5s 1957 --M&S Kankakee Water 4Ms 1959.-J&J 101 44 V 2 V IV / s Madison Rys 1st g \ 43 % f 1st M 53 1 961 series G 1950. J&J F&A 1940 notes 94 \ Jamest'n Indiana & S W Gas & Util— conv 2-6s, 1952 M&N 1967---------J&2 James River Bridge 104 Indiana Ry & Lt 1st 5* 1943-J&J Indiana Service Corp— 6% 1st Bridge Corp James River Hydro El Bond & Sh 5s 1957M&N H 102 Hydro El Corp (Va) 5s 1958. J&D Hydro Elec Power Commission 102 M (Ontario) 3 Ms 1943 J&J 117 4Ms due Jan 1. 1970 J&J 3 Ms 1947 103 M ..A&O 100 2Mb 1942 .A&O 3 Ms 100 1953 F&A 100 3s Aug 1 1948 A&O Idaho Power 1st 3 Ms 1967..A&O 109V Illinois Bell Tel 3 Ms B 70- .A&O 110M Illinois Commercial Telephone— 1st 5s series A 1948-101M M&S 1st mtge 5s 1960 ser B—M&S 102M 111 Community Tel 6s 1949..J&J 61 Illinois Power & Light Corp— 105 V 1st & ref 6s 1953 series A..A&0 103 V 1st & ref 5Ms 1954 ser B..J&D 1st & ref 5s 1956 ser O.....J&D 102V 8 f deb 5M« 1957 93 M M&8 Indiana Assoc Telegraph— 1st mtge 4Ms ser B 1965..A&O 107M Indiana Central Telephone Co— 1st lien coll 5 Ms 1938 M&N / 89 M Indiana Electric Corp— 104 V 1st M 6s 1947 series A—.M&N 104 V 1st M 6Ms 1953 series B..F&A 1st M 5s 1951 series O 101M M&S 87 Indiana Gas Utilities 5s 1946.J&J Indiana Hydro-EIec Power— 97 V 1st mtge 5s 1958sar A M&N Indiana & Mich El 5s 1957--F&A x 108 1st & ref 5s 1955 M&S a 104 Indiana Pr 1st 7Ms *41 A .M&N 111M Indiana Telep 5s A 1960 Macon Gas 1st mtge 4 Ms '52-J&D Macon Ry & Light 1st 5s '53.J&J Inc deb 6s ser A w s 99 1st & ref M 5s Jan 1, 1st 1 & ref 5s 1963 McLaren (Mo) Lt H & P 1st 6s series A 1956 J&D Jacksonville (Fla) Gas 5s stamped 1942 Tokom^S Jackson County 104 V 128 Bid Bond* Ask Italian Superpower CorpySee Investing Companies. Light & Power— 1st mtge 3 Ms 1966 J&D Houston Natural Gas Oorp— 1st m coll 6s '43 with warr.J&D Hudson Co Gas 6s g 1949..M&N Hudson River Trac 5s 1950-M&S Bid Bonds Bid Bonds F&A J&J J&J 104 105 103 V 104 V 103 V 102V d Called Sept. 1 at 104. e Called 1 at 108. x Called Aug. 1 at 108. 76 PUBLIC UTILITY BONDS bond prices are "and Interest" except where marked -f" and Income and defaulted bona* Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All Bid Bonds Montreal Tramways— 1st & ref g 6s 1041 opt...-J&J Oen Gen Gen Gen Ask 98m 73 103 103 109 m 109 J&D 105m Municipal Gas & El Corp of Recklnghausen 7sl947 ...J&D / 20M Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Un Tel 109 110 96 97 m 101 97 92 M 94 94 89 91 110M 112 105 m 106m 30 Nebraska Pow 1st 4Mb 1981 -J&D Deb 6s 2022 M&S Nev Calif Elec 1st 5s 1956...A&O 109 109m 123 m 125 35m 83 % Deb 6s July 1941 J&J New Amsterdam Gas—See N Y GELH&P Newark Cons Gas con 5s '48.J&D 97 m 38 84 % 98 m E Association M&S 71 Conv deb 5s 1948 J&D Oonv deb 5s 1950 M&N Convertible deb 5s 1962...J&J New Engl Pow Assn 5s 1948. A&O 70 m 70m 71m 71m 71m 71 97 m 73 99 99 m 97 % J&D M&N Power— J&J r 1st gold 4s 1950 M&S N J Pow & Lt 1st 4Mb '60—A&O New Jersey Water Co— 1st mtge 5s 1950 F&A 87 m 88 m 100 107% 105m 105m 103 m 1st & ref M 4 Ms 1970ser E J&D Nor Indiana Telep 4 Ms '55.M&N 106 60 105 m mtge 3 Ms 105m 105 m 109m 109m 110m 110m 117" 64 106M 103 100 Northwestern Power Co Ltd— 1st M s f conv 6s '60 ser A.J&J Certificates of deposit Northwestern Pub Serv Co— 1st M 5s ser A 1957 J&J N'western Telog 1st 4Mb '44-J&J 106 103 100m 104 Gas 5s 1945 M&N Ohio Assoc Telep 4Mb 1966.J&D Ohio Cent Telep 1st 6s *47..J&J Ohio Cities Water Corp— '53 ser A.J&J 1st mtge 3 Ms 1972.. J&J Ohio Elec Pow 1st M 5s *57 J&D Ohio L & Pow 1st 5s 1944.-M&N 105m 101m , 10m 15 Dob g 6s 2024. 103 m 109 m 109m 109m 109m 109 101m 92 107m 108m 108 m 104 % New Amster Gas 5s 1948..J&J 122m 123~m NY & ER Gas 1st g 5s '44-J&J Con 5s 1945 J&J 113m 115m 105m 113m 116 AdJ 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— F&A M&S M&S M&N 148 105m 110 110M 109 109m 105m 109m 108 109m F&A 103 3M-3Ms 1941-42. 3 Ms 1943-1944 F&A F&A 101m 100 m 4s 1945-1947 F&A 100 1958.F&A 107 Oklahoma 30 9 _ - 109m J&D 104 % 105" 4Mb ser A 1951 .M&N 105 % 105m M&N 110% 111 102 103 100m 101m Power & Water— ser A 111 110m 104m Ref mtge 3 Ms ser C 1966-J&D 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 '51 110 103 12 125 104 95 5s H Ho o oo 1st gu g 5s '45 opt bef '16-M&N Correction: Called July 1 at 102, not 107. t Called Sept. 1 at 103. it Last sale, n Nominal, r Canadian price. 100M 100 1979 Pennsylvania Electric 34 36 4 75 76" 62 106 M 107 M&N 107 106 108 106 105 106M 106M 97 % A&O 98M 90 90 92 104 293i 104313j 102 % 107 102 M 105 f 5s '40. J&J 102" 101M 105 M 106 M 86 M 85 82 Peoples Gas (N J) 1st 5s *68.J&D 87 lstsf 5Ms i960 J&D 19 Peoples G & Fuel 6 Ms ww'37 A&O / People's G L & Coke, Chicago— 1st cons g 6s 1943 116M A&O 116M Refunding gold 5s 1947..M&S 99 M 1st & ref 4s 1981 ser B J&J 100 1st & ref mtge 4s ser D '61. J&D Mutual Fuel Gas g 5s* 47 M&N 116M Peoples Light & Power Corp— 1st lien 5M8 1941 J&J / 107 Conv deb 5s 1979 _J&J / 14 Peoples Light & Power Co— 92 M 1st lien coll 3 6s 1961 J&J Peoples Telep (Butler, Pa)— 99 4s I960... J&D Peoples Tract—See Phila R T Peoples Water Service (Md)— 98 90 \ 117 99 % 100 M 93 M ^ 94 Prior lien 5s 1948 1st con 58 1948 1st & ref 5s 1950 96 , 101M M&N M&N F&A 104 100 101 Philadelphia Company— 105 Secured gold 5s 1967 J&D Ardmore Street 5s 1958 __A&O / 6 110 Duquesne Lt 1st 3 Ms '65. J&D 12 Duquesne Trac 1st 5s *30-J&J / 83 Pittsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934 J&5 / 11 So Trac 1st & coll tr g 5s'50A&0 / 6 United Trac 5s 1997 ctfs.-J&J / 3 West End Trac con 5s '38-J&J / 7 Philadelphia Electric— 103" "5" 110M 112M 53 82 M 73 81 t Called Aug. 1 at 100. 8 112M 64 117 105 % 110M 110M 1st & ref mtge 3 Msl967--M&S Philadelphia Electric Power 0°T 1st mtge 5Ms 1972 F&A Phila & Garretsford St Ry— 1st 5s 1955 F&A Philadelphia Rapid Transit— 112m 115 107 Co— 1st & ref 4s 1971 ser F 1st & ref 5s ser H 1962 s 104 M 100 106 M 105 1st m r e 6s 1944 J&J Darby Media & Ches St Ry— 1st 4Mb 1936 f J& Hest Mantua & Fairm— 1st extd 5M®1939 / M& Market Street Elev Pass Rylst g gu 4s 1955 M& Union Traction— Elec & Peo 4s tr ctfs *45. A& / People's Traction Co— Vfr •AO / T» b Basis, \ d Called Jan. 1 at 103. 82" 94 17 19 55 60 91M 92 8 i.. j * 18 15 Deb 5 Ms 1959 ser B F&A Penn Public Service Corp— n, eludes accrued interest, 73 69 Non-cum inc deb 6s 1950-M&N Penn Central Light & Power Co— 1st & ref 4 Ms 1977 M&N Omaha & Council Bluffs St Ry— 1st extd 4s 1947 J&J Ontario Pow 5s '43 op to '13.F&A Ontario Transmission Co Ltd— 94 % ^ J&D 1st M 5s 1948 105 «. Oklahoma Natural Gas— Conv deb 5s 1946 108M __ 104 1st mtge 3 Ms 1966 Debentures 4s 1946 22 m 94 m 1st lien 6s A 1949 w w—F&A Peoria Water Works Co— 1st consol 4s 1948.. M&N 102 1st mtge 104 % 95 107m F&A Okanagan Tel(B C)5Ms '56-J&J Oklahoma Gas & Electric— 105 % 106 M 75 103m 123m 108 m Ohio Water Serv 5s A 118m J&J 109 m 106 117 126 m 118m 112m Pacific Power & Light Co— 1st M 5s 1955 F&A Pacific Telephone & Telegraph 1 st ref 4 Ms 1968 ser B. —M&S Penn Wat Serv 5s ser A '67.F&A 85 106 106 126 111 21m Penn Water & Pow Ohio River Bridge & Ferry— 1st 5s 1942 J&J 100 m Ohio Term (Cleve) 6s 1947..J&D / 38 Ohio Valley Gas Corp— 1st 6Ms 1943 (with warr) 83 72 7 Ms 1943 J&J Ohio Valley Water 5s 1954—J&J 107 1st g 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949.—F&A Ed El 111 N Y con g 5s *95 J&J NY&Westch 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 3Ms 1965..M&N New York Rys Corp— 104m 100 3s 1939-1940 1st 1 & ref 3 Ms ser D 1965. A&O 1st lien & ref 3 Ms ser E'66 A&O N Y Gas Elec LH&P Co— 111M 111M 110 m M&S Deb gold 6s 1976 ser A M&S Pennsylvania Pow & Light Co— 1st M 4Mb 1981 A&O Pennsylvania State Water C»rP— 1st coll trust 4Mb 1966..M&N enn Telep 1st M 4s 1965..A&O Penn Water 1st 3 Ms A *67—F&A 1st mtge 4s, 1962 Notes— NYGELH&P 85 112 111m 111M 111m 109 m Serv- 78 78 Ohio Public Service Co— New York Edison Co— Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st &ref M 4s ser G 1964. _J&D 1st & ref M 3 Ms ser H *61 .J&D 1st & ref M 3 Ms ser 11966. J&D Pacific Light & Power Co— 1st 5s, 1942 J&J 1st L &Ry 5s 1958 M&S Pennsylvania Gas & Elec Corp— J&D A&O 1st mtge 3 Ms 1968 47 103 80 Pennsylvania Gas & Elec Co— 1st 1 & ref 5Ms '55 ser A..M&S Ohio Power Co98 m 96 m 8* 45m 85 21m - J&J 106m 10 83 1 st M coll tr 5 Ms 29 m 1st & ref 6s ser O 1947 M&N 1st & ref 5s series D 1954 .J&D 10 J&D / Ohio Edison 1st & con 4s '65 M&N 1st mtge 4s 1967 M&S 116 M&N 106m F&A 1956 Oberpfalz Elec 7s 1946 Ogden 104m Refunding 5s 1901 M&S Los Angeles Pacific Co— 1strefg 4s 1950 opt *15—J&J Los Angeles Pacific RR— 1st & ref mtge 5s 1943.M&S 97 103 Deb 5s 18m 102 M 50 10, Nova Scotia Light & Power Co— 1st M s f 4s 1957 J&D NY PA NJ Utilities- 107 m 106 m A—J&D Union El (Loop) 5s g'45_.A&O Northwestern Light & Power— 6s series B 1950 F&A ... 104" 98 5s'43 J&J Northwestern Electric— 1st 68 stamped 1945 M&\ Northwestern Elevated (Chic)— 1st mtge 5s 1941 opt M&s 104 Pacific Coast Power 5s 1940.M&S Pacific Elec Ry g 5s 1942 J&J M&N 14 110 103 1st coll 5Ms 1960 F&A Penn-Ohio Edison Co— Deb g 6s 1950 ser A ex-w.M&N 11 102 105m Penn-Jersey Water— 17 m / 101 29 87 m Northwest Louisiana Gas— 1st M 6 Ms 1936 with warr.J& A&O Otter Tail Power Co (Minn)— 1st mtge 4s 1961 J&J 1st mtge 3Ms 1969 M&S Ozark Power & Water Co— 1st sf 5s 1952 M&S 1st J&J / 100 A&O A&O 3Ms Oct 1 19473 Ms Oct 1 1948- consol gold 5s 1949 M&S Paterson & State Line Traction— 5s 1904 J&J Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6 Ms '44M&N Pecos Valley Power & Light Co 1st extended 6Ms 1950..M&N 129 M&S 1964 100 100 100 Parr Shoals Pow 5s 1952...A&O 102 1st & ref 5s 1962 A&O Northern States Power (Minn)— 1st & ref M 3 Ms 1967. F&A Northern States Power (Wis)— 99 104 100 Paterson Ext extd 5s 1950 J&D Paterson & Passaic Gas & Elec 104 65 130m M&N 96 Refmtgle3MsserB 1966..A&0 107% Northern Indiana Pub Serv— 1st & ref 5s 1966 ser O M&N 1st & ref 5s 1969 ser D M&S 50 m 93 101 M 101M 101 M 101M __A&0 ...A&O Pacific Northwest Pub Conv deb 6s 1950 61m 1957—J&J N'eastern Wat & El 6s 54-F&A Northern 111 Water 6s 1952—J&J North lnd Gas & El 6s *52.-M&N 59 m New Rochelle Wat 5 Ms '51.M&N 97 m 1st 5s series B 1951 M&N 94 m N Y Cent Elec 1st 5Ms '50.M&S t 103 1st 5s 1952. J&J d 103 N Y & East River Gas—See 1964 107m 16m 102M Gonsolidated4Ms 1954 J&J Newport Gas Lt 5s A 1961.. J&D Newp News & Hamp Ry G & E— 1st 4Mb 1960 1st mtge 3 Ms 58m 106m 58 Newport & Fall River 8t Ry- 1st mtge 4s 1965 1st M 4Mb 1980 106 86 New Orleans Pontchartraln Bdge 1st s f 7s 1946 18 M&S/ New Orleans Pub Service Co— 1st &ref 5s 1952series A..A&O 104 1st & ref 5s 1955 series B.. J&D 104 m 5s stamped 1942. J&J 102M stpd 1958 57 North Penn Gas Co— 1st M & lien 5Ms 1957...M&N North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42. J&J 101m M&N 62 5s 1951 M&N New Mexico Power— 1st mtge 5s 1958 J&J New Orleans City & Lake— 1st s f 5s 1943 J&J Prior lien 6s 100% J&J 8 freg Income 3-6 Ms May 1 *69 N'west Cities Gas 6s 1949—J& 106 conv 1st & ref 5s 1944 108m 21 128 115 Newport Water 5s 1953 106" 109m 115 ser 105m 107 % 108 M&N M&S Nov 1949 107 Northern Texas Elec Co— Coll tr a f g 5s 1940 opt Utilities Co— 1st lien 4-6s 1968 4 Ms 1983 M&N N J & Hud RIv Ry & Ferry— Inc 6s 47 Northern 108m New Orleans City RR 45 127% 128 M J&D A&O New Mex Gas 108m 32 North Continent Utilities Corp— 1st coll & ref 5Ms '48 ser A.J&J 1st A&O 3Ms Oct 1 1944 3Ms Oct 1 1945 _ 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 100 m 102 Newcastle (City of) W 5s '41 J&D A&O A&O 3 Ms Oct 1 1946 108m Properties 1st lien & ref 7s 1946 A 119 Ottawa El Ottawa Light Heat & Power— Ref & coll tr 4s 1957 A&O Serial notes 3s Oct 1 1939 3s Oct 1 1940 A&O 3s Oct 1 1941 3s Oct 1 1942 3s Oct 1 1943 Ask 49m Serv— J&D Ry 4Mb '48-'55.J&J ^ 98 Northern N Y Utilities Inc— 125m Newark Gas 6s Apr 1 1944._Q-J New Brunswick (NJ) Lt H & Pow 4s Dec 15 1939 J&D M&S Oregon-Washington Water 1st M 5s 1957 ser A 111 F&A 3Ms debentures 1954 F&A 4s debentures 1959 F&A Nor Amer Gas & El 6s 1949..J&J North Amer Light & Power Co— North Texas Co 3-6s Debenture gold 5s 1978..F&A Certificates of deposit Nat Toll Bridge 6s stmp *39.J&J 1st & ref 4O 1981 110m 96 105m 3Ms secured notes 1947 A&O 2 North Carolina Gas 6s 48.-M&N / 100m North Central Gas 5Ms 1955 A&O 98 m Nat Gas & El Corp 5s 1953.F&A 5s series B 1947 .J&D Nat Lt & Pow 6s 1949... Jff&N Nat Pow & L deb 6s 2026 A.F&A Deb 5s 2030 ser B M&N National Public Service Corp— New Haven Water— 1st & ref 4 Ms B 1970 109m Niagara Falls Power— 1st & ref 3Mb 1966 ..M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O Nippon Elec Pow Ltd (Japan) 1st mtge 6 Ms 1953 J&J Norf & Ports Bdge 6Ms *47--F&A S f deb 5 Ms 1956 North Boston Ltg 100M Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945..F&A National Electric Power Co— 5s stamped 1978 J&J & 102 m Service Corp— 3 Ms debentures 1949 Nashville Railway & Light— Cons g 5s 1953 opt 1908-..J&J Ref & ext gold 5s 1958 J&J Newfoundland Light 1st s f 4Ms 1956 107 North American Co— Narrangansett Electric Co— 1st mtge 3 Ms 1966 J&J Nashville Gas & Heating Co— 1st 5s 1951 M&N Deb 5 Ms 1954 8m 8m lOlht 1963 J&J 1st 4Mb '39taxex_M&N Ref mtge 3 Ms ser B 1967--J&J 1st M 5s 1951 ser A..—M&N N Y & Westchester Lighting— See N Y Gas Elec Lt & Pow 10 im Bid Bonds 106 % 1st mtge 3 Ms gtd N Y Water io im Muncie Wat Works 5s 1965.M&N New England Power— 3 Ms series A 1961 New England Tel & Tel— 1st 5s 1952 series A 1st 4Mb 1961 ser B 8 19 Mountain States Tel & Tel— New England G & Deb g 5s 1947 8 M&N con 82 Mountain States Power Co— 1st & ref 5s 1938 J&J 1st M 68 1938 series B J&J 30-yr 3Ms debs 1968 M&N N Y Tel 105m 1969—-- 15 Ask Oregon Elec Ry 3s 1958 6 Ms 1962 ctfs New York Steam Corp— 75" Morgantown Water 5s 1965--J&J Mount Hope Bridge 5s 1969. J&D 2d income 8s Dec 99* 1st & ref 5s 1955 series A. A&O & ref 5s 1955 ser B A&O & ref s f 4M« "55ser O A&O & ref 5s 1955 ser D.A&O Bid Bonds New York State Rys— 1st con 4Mb 1962 ctft 11 M 8M 12 90 / This price in" 1^939] AUG., bond prices are Bid Rochester s M&S f 4s 1965 108 J&J J&J 1st 6s 1954 Phlla & Western Ry 5s 1960-J&J 4 - 43 "6 s Piedmont Hvdro-El Co (Italy) 1st & refs f 6%s 1960ser A A&O Safe Harbor 42 1959-M&S 46% 102 Pitts Canonsburg & Wash 5s 1937 7 Pinellas Wat Co 5%s Pittsburgh Rys—See Phlla Co Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958 M&S Pittsburgh Trac 1st 5s 1927-A&0 102% 12 Plainfleld-Un Wat 5s A 'ftl_M&M Platte Val Tel 1st 4%s '58--M&N Pomerania Elec 6s 1953.-M&N 102 Pe 105 Henry L II & P 1st 5s '46.F&A Elec Pow 6s 1950-M&S Portland 107 26 20% 21% 22% 76 75% 74% 76 105 106 97 M&S 1st M 5s exten to 1950 J&J Portland (Me) RR 3Ws 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 Postal Teleg & Cable 5s '53-J&J Conv deb4%s 1959 Ser B.M&S Conv deb 5s ser A 1957 ..J&D Power Secur coll tr 6s *49..J&D Providence Gas 4s ser B 1963 F&A Provincial Light Heat & Power 5s 1916 M&S Prussian F&A Elec 6s 1954. Public Gas &Ooke 5s 1952..J&D Pub Ser of Indiana 6s 1952-F&A 1st 3 As J&D series F 1966 Trust certs 6% perpet.-.M&N Camden Sub 1st 5s 1946 J&J Ells Plalnf & Cent Jersey Ry— 1st g 5s Dec 1. 1950---J&J 14 107% 109% 109% 100 19 30 41% 102% | lst 48 series D 1960 1943 A&O 105% 102% 104 156% Southwestern 1st M 110 139 106% 105% Sandwich Windsor & Amherstb'g 83 1st & ref M 5s 102% 106% 110% 105% 9% D—Q-Jan F 1955-M&S ser ser Savannah Elec Co 5s g '52.J&J Sayre (Pa) Elec 5s 1947. A&O Schenectady Ry 1st 5s Mar 1, '46 100 Scioto Val Ry & Pr 103% 111 106% 103 65 224% 87 95% 92% 90% 93 90% 100% 104 105 120 124 97% 100 74 58 98% 101 77 78% 21 Sierra Pacific Power Co— 1st & ref 5s 1960 ser A 1st 5%s ser B 1957 101% 5s 5s 5s 1945. 1946 Richmond 105% 106 Rio Grande Valley Gas Co— 88 1st mtge 5s 1950 —A&O Roanoke (Va) Gas Light— 1st 5 His 1951 83% F&A 102 Roanoke Ry & El 5s 1953.-F&A Rochester Central Power Corp— 75 Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4%s 1977ser D.M&S 124% 5s series E 1962 M&S U04H Gen 3%s series H 1967...M&S 90 ' 85% 5s J&J 104% 100% J&J 101 67 70 49 52 Tenn Pow gu 5s 1962 opt. 1st ref 5s 1950 M&N South Carolina Power Co— 1st lien & ref 5s 1957 J&J 78 13 21% 21 95 117% 127 18 4%, 50 96% 90 ; 74 J&D .M&N 90% 99% 100 91 100% 100% 100 42% g 5s 1944 J&D F&A 103 *58--F&A 104 101% Texas Consumers Water— 1st 80 6s A 1939 Texas Elec Ry 5s 1947 Tex Trac 1st 5s 1937 A&O f J&J / opt__J&J / 6 3% 3% Texas Electric Service Co— 99 South Jer G E & T—See Pub Serv ice Cor Southeastern Gas & Water Co— 1st lien 6s 1944. 40 J&D 1st lien 6s x-w 1941 J&D 67 S'eastern Indiana Pow 6s '43 M&N 102 S'eastern P & L deb 6s 2025.M&S 110% Southern Bell Telep & Teleg— 1 st M & ref 4s Autr 1 '65 F&A Southern California Water— 1st M 4%s 1960 A&O 69% 65 108% M con 1st M 5s 1956 ser B Texarkana Wat 1st 5s 108 Ref mtge 3%sser B I960--J&J Southern California Gas Co— 1st & ref 4%s 1961 M&S J&D Terre Haute W W Corp— 1st M 6s 1949 s <r A 101% Debenture 3%s 1945 M&S Ref mtge3%s May 1 I960-J&J 68 M&N 1st 102 Sioux City (la) Serv 6sl951_J&J Somerset Un & Middlessex Ltg— ._J&J 36 120 100% Terni Hydro Elec 6%s 1953.F&A Terre Haute Traction & Light— 102% 102% .J&J ___J&J J&J Southern California Edison— 1st & ref mtge 4s 1960 M&S 108% 105% 103 A&O M&N 1953 1st & ref 6s 1947 ser A 1st & ref 5s 1956 103 J&J _J&D 1958 Ref s f 6s series A 1955 M&N / Tennessee Electric Power— 101 J&J 5s Temescal Water 1st 5s A '60 M&N Tennessee Eastern Elec Co— 1st M 5s 1943 F&A 105% _J&J 3 %s debentures 1962 3s debentures 1979. 103 104% Telephone Service (Ohio)— 48 Mtge g 4s Dec 1, 1943 J&D South Bay Consolidated Water— 26 Deb 54 Sioux City Gas & Electric Co— 29% 30% 26% 106 Telephone Bond & Share Co— 52 75 21 30 107% 104% 105 103 1942. A&O Ry 1st 58 1951 A&O Sutter Butte Canal 6%s '43-M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1940-M&S 2nd mortgage 5s 1930 J&J Taiwan El Pow s f 5%s 1971- J&J Tampa (Fla) Gas 5%s '56--A&0 1st 5s 1961 A&O 104% M&S _ 108% Steubenville Wellsburg & Weir ton 101 r M&S 1st mtge 4s 1966 Serial debs 3s 1940 3s 1941 M&N Conv deb 6s 1938 9tettin Pub Util 7s 1946 Silesia Elec Corp s f 6%s'46 _F&A 5s 104% A&O 73% 66% 66 21% 104% 104% Shenango Val Water 4s B'61 A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 6%s 1952 J&D Shrevp't Bdge & Term 5s'55_F&A Shreveport Rys— Gen income 4s (w-s) 1957-A&0 5s 23% 23% 23% F 1961 74 73 66 97 Shawinigan Water & Power Co— 1st M&col s f 4%s*67 serA A&O 1st coll tr 4%s ser D '70-A&O 98 106% J&D 20% 56 Seneca Power Corp 6s 1946. M&S t ser F&A 64% M&N / A&O 103 Standard Telephone Co— 1st 1 coll tr 5 %s *43 ser A.M&N 92 1st coll tr 4s F&A Corp— 1st lien 6s series A 1948 1st lien 6s 1948 ser B 92 1st 5s 1944 M&S Second Ave Trac—See Phila Co- 95 100 91 72 Income 3sApr 1 1959 Seattle Gas 1st 5s 1954 Seattle Lighting Co— 103% 69% 69% 1951 Deb g 6s 1957 Standard Public Service 103% 90 A 105 69% 69% 6s 6s gold debs 1957 F&A Standard Power & Light Oorp— 12 F&A ser - Debenture 6s 1966 108 Scranton Trans ser A 5s'59.A&0 4s series B1959 A&O 1st & ref 5s 1967 109% 107% F&A J&D Debenture 1st & ref 5s series B1961 .F&A 110% 106% 5 104 6sstmp ext May 1 '48 ..--A&O Scranton Gas & Water Co— 1st 4%s 1958 M&S Scranton-Spg Brook Water Serv— M&S Convertible notes— 6s stmp ext May 1 '48—.-A&O 80 1st 6s '43. J&D 5% Standard Gas & Elec of Delware 105 Ry debenture 4%s 1943--J&D 1st & ref 4s 1947 54 73 73 Telep Co— — Savannah Electric & Power Co— 80 States 1948 Spokane Gas & Fuel 5s 1944-F&A Spring Brook Water Supply— 1st ref 5s 1965-A&O Spring Val Utll 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 Stamford Water 1st 5s 1952. .J&J Stand Elec (Calif) 1st 5s '39.M&S ^ 106 6s 1st 6s 1949 105 „ F&A F&A Southwestern Public Service Co— 1st M s f 6s 1945 ser A....J&J 102% 102% 102% 99 Co— Southwestern Power & Light— Deb g 6s 2022 series A M&S 103 108% M&N Southwestern Light & Pow 1st M 5s 1957 ser A 1st M 5s 1957 ser B 106% 103% 103% 103% - San Jose Water Works— 103 A&O 1st & ref M 3s ser O 1968--J&J Southwestern Gas & Elec Oo- 1st mtge 3%s ser A 1961—J&D Santa Barb Tel 3 %s ser C'66 J&J Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950M&N 3%s ser I 1967.M&S 3%s ser J 1969-M&S Rochester & Lake Ontario Water extend 5s 1951....M&S Rocb Ry cons 5s g 1930....A&O 2d 5s g 1933 ctfs of dep...J&D 4s 88 Southwestern Bell Telephone— 1st & ref M 3%s ser B '64 J&D 106% 102 1940 104%j _ Gen mtge Gen mtge 100 San Antonio Public Service— 1st mtge 4s 1963 Serial notes 4s Apr 15 91 90 1st M 5s 1961 __M&8 106% Public Service Co of Pa— 60 1st lien & coll 5%s '53 J&D Public Service Elec & Gas Co— 1st & ref M 3 His 1968. 111% J&J 1st & ref 5s 2037 J&J 152% 1st & ref 8s 2037. J&D 221 Public Utilities Consol Corp— 85 1st M 5%s 1948 M&S Secured conv 6s 1938 M&S / 55 67 1st coll 4-5%s 1948 A&O Puerto Rico El Pow 4s to '56.J&J 98 (Ind) W W Corp— 1st M 5s 1957 .M&N Richmond (S I) Lt & RR 1st coll tr b 4s 1952 J&J 110% 109 104% Public Service Co or Oklahoma— A&O F&A 100% 116 -------F&A 5s 1958 F&A 93 67 34 (Okla)— ..M&N S'west Nat Gas inc 6s 1966--A&O S'west Pub Serv 6 %s 1937.. M&S / Southwest Telep 6s B 1947-M&S 1st 6s series O 1947 J&D Conv deb 6s ser A 1932 J&D f Southwestern Assoc Telep Co— „ F&A 127 SouthweRt Gas Co 1st sf 6s 1954 107% —M&S 78 Utah Power Co— 1st M 5%s May 1. I960..M&S Southslde Va Pow os 1956.-F&A 101% 1st & ref gu g 58 '39 St Paul Gas Light— 1944 99 105% Southern 2 100% 106% 129 M&N F&A 101 101 1 Debs f 7s 1942 _M&N/ San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B__m&S 138 104 5s Marchl ,1953.M&S Union— J&J 10-year coll s Southern United Gas Co— Non-cum 6s (ws) 1951 104 21 105 95 Queensboro Gas & El 5s '52.J&J Conv g deb 5 %s '52 ser A.A&O Republic Nat Gas 1st 6s 1954J&J Republic Service Corp— 1st coll trust 5s 1951 J&D 100 20 104 2d 6s *14 ext 5% to *44-A&O So Jei sey Gas El & Trac— Puget Sound Power & Light— 1st & ref 5%s 1949 -J&D 1st & ref 5s 1950 ser O M&N 1st & ref 4%s 1950 ser D.J&D 5%% notes 1940 F&A Quebec Power— 1st & coll 4sl962 M&S 1945 A&O 11*45 A&O f 6s 1942—A&O 42% 103% 110 62 1st mtge 4s ser A 1966 F&A Serial debs4s Feb 1 1946—F&A 1st & ref 5%s series 1 1 st & ref inc 5 %s ser 116 opt-_J&D 104% Southern Trac—See Phila Co Southern Union Gas— 104 Apr 15 1941 Apr 15 1942 4s Apr 15 1943 — 4s Apr 15 1944 4s Apr 15 1945 4s Apr 15 1946 4s Apr 15' 1947 4s Apr 15 1948 San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965__M&N San Diego Co Wat 6s A '62.M&8 San Francisco Bay Toll Bridge— 1st M sink fund 6%s '573I&N / 109 155 1st M pipe line s f 4 %s '51 A&O Southern Neb Pow 5%s B'47 J&J South N E Telep 1st 5s 1948. J&D 106% 106% 53 105% (Calif M&N Corp— Adj mtge Inc Jan 1 6s *60. A&O 107 4s Ry— Public Service Co of Nor 111— 1st mtge3%s 1968 ..A&O 106 a 3% serial notes 1942 J&J 3% serial notes 1943 -J&J Joseph Water 4s A 1966--A&O St Louis Co Gas 1st 5s 1951 _A&0 St Louis Springf & Peoria RR— 5s 1949 13% J O Hob & Pat 4s 1949...M&N Direct mtge 6s 1952 Con mtge 6s 1953 Cons 6s 1955 7« extended 1941 107% 6s 1940-1943 104 Rhine-Ruhr Wat Serv Extl deb 68 1953 107% 106% f 4%s 1979. - --J&D Saguenay Power 4%s A 1966 A&O 1st 4%s series B 1966--—A&O Serial notes 2 %-4s to 40--J&D St Clair County (111) Gas & Eh— 1st cons guar 5s 1959----M&S St Joseph Ry, Lt Heat & Power— 1st mtge 4%s 1947 J&D 3% serial notes 1940 J&J 3% serial notes 1941 J&J 1st mtge s San Angelo Telep 1st 107 Eliz & Rarltan Riv 5s '54-M&N Elizabeth & Trent 5s 62-A&O Guar g 106 San Antonio Gas & Electric— Public Service Corp of N J— Paterson 104 78% 97% 99% 97% 103% 107 Counties Gas 1st M 4%s 1968 Salt River Val Water Users Assn Public Service Co of N H— 1st mtge 3148 ser O 1960--F&A 1st mtge 3%s ser D *60--M&N 1st 3 His series E 1961—.--F&A Southern Southern Natural Gas Salmon River Power— Potomac Edison Co— 1st mtge 5s 1956 ser E M&N 1st 1961 series F..A&0 Potomac Electric Power— 1st mtge 3%s 1966 J&J Power Corp of Canada Ltd— 40 ~~ -A&O Water Pow Corp— Guar 5s 1952-. 77 Southern Colorado Power Co— 1st g 6s 1947 series A J&J 103% 79% 79% 107% 63 48 102 Gen gold 5s Portland General Elec Co— 1st & ref 4%s 196u 61 St Portland (Ore) Gas & Coke— 1st & ref g 5s '40 opt *20__J&J 1st l'n & gen 4%s 1940 J&J Portland Gas Co 1st 5s 1951.F&A Portland(Me) Gas L 5s A'50 A&O f 1958-M&S 1948-—M&N Gen M 4%s May 1st s f 4s Oct 1945 101 J&J f 6s series A 1953 Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O Rumford Falls Power— Philippine Long Distance Tel— 1st 4%sinc A notes Bid Bonds Ask Corp— Transit S f 4%s inc B notes 1958-M&S / 46 104 Rome (Ga) Ry & L 5s '46—A&u 31% Ruhr Gas Corp 6%s '53 A..A&0 / 33 1954 3 f 108% Phila & West Chester Traction 1st 4s Bid Bonds Ask Phlla Suburban Water Co— 1st where marked "f" and income and defaulted bonds possible for the closing day of the month preceding the date of Issue "and interest" except Quotations for all securities are as near as Bonds 77 UTILITY BONDS PUBLIC NOTICE—All 108% 106 108% 104% 109% 109% 99% 1st mtge 5s 1960 Texas Gas Utilities Co— 1st 2-6s 1951.. 44 71 103 110% 108% 106% 109 J&J 104 M&S 28 Texas Hydro Electric Corp— 1st mtge 6s ser A 1956 A&O Texas Pow Corp 6s 1956 General 6%s 1956 Texas Power & Light— Deb g 6s 2022 ser A 1st & ref 5s 1956 M&S M&S j J&J M&N Texas Pub Serv 1st 5s (w-s) 1961 Texas Traction Co 5s 193/--J&J 89% 100 92 112% 107 98 1 104% 109% 109% 105% 108% 106% 103 105 109 Southern Canada Power— 4%s 1962 * Called Sept. 1 at 108%. k Last sale, n Nominal, r t Called Sept. 1 at 102%. Canadian price. A&O t Called Sept. 1 at 104. 108 a Average price, b Basis. / This price includes accrued interest. PUBLIC UTILITY BONDS 78 NOTICE—All bond prices are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the Ask Bid Bonds Third Avenue By (New York)-— 1st ref g 4s 1960 opt aft 14 J&J Adi inc g 6s Jan 1960 opt- Third Ave RR 1st 5s g 37--J&J 1st 5s g 1942 F&A Westchester El 1st 5s g 43-J&J Union Ry 1946--A&O Yonkors Ry 1st 5s 1st 5s '79-F&A Toho Electric Power (Japan)-1st s f 7s 1955 ser A—M&S15 Tokyo Elec Light Co (Japan)-Tide Water Power 43 k Washington Water Power Co— 1st & gen 5s 1960 J&J X 104'SJ 1st mtge 3 ks 1964— 105k J&D Waterloo Ced Falls & No Ry— 1st M s f g 5s 1940 5k J&J / / 5k Certificates of deposit Waukesha Gas & Electric Co— 116 1st 5s 1959 J&J 44 8k 93x 9 65 53 50 54"" 99 k 6s 1953 series.--J&D15 Toledo Edison 3ks 1968 J&J 51 108 Hi 5154 108k 1948-—------J&J Traction Term 1 Corp 5s 57.-J&J Trenton G & El g 5s 1949 -M&S Trent'n Pass Ry 1st ext 6s 61 A&O 103 k 73 75"" 1st g S f deb 4s Trenton St Ry ext General 6s 1941 --J&D *56 A&O Troy City Ry 1st cons 5s 42 A&O Troy Gas Co 1st 5s 1939—M&N Twin City Rapid Transit Co— 1st lien & ref 5ks A 1952J&D 1st lien & ref 5 k8 0 1951--J&J Twin States Gas & Electric— 1st 1 & ref 5^s 1945 Ser A_M&S Tyrol Hydro-Electri'c Pow Co—1st M s f 7Ks 1955 M&N Guar s f 7s 1952 F&A 3 (Japan)— M&S15 2d extended 64 k 61k 6454 62k 22 76 k 80 k Union Elec Co of Missouri— lstmtge & coll tr 3 k8 3% notes, 1942 Union Elev 1962 J&J —.— kR—See J&J N W Elev '40M&S Union Gas & El 1st ext 6s Union Gas Co. of Canada— 1st serial 4s 1939-42 ——J&D 1st serial 4ks 1943-45 J&D 1st 4 k8 1950 -J&D Union Gas System— 1st M & colls f 5s _ A&O 2d ext 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s '39-J&D Union Ry—See Third Ave Ry Union Traction—See Phila R T 98k 15-year 100k 102 88 107 54 84* 97 Virginia Public Service Co— 1st & ref 5k8 1946 ser A—F&A 1st & ref 5s 1950 ser B J&D 1st & ref 6s ser O 1952 M&S Deb s f 6s 1946 F&A Wabash Telephone— 1st M 4ks A 1956 J&J Washington Gas & Electric Co— 1st s f 5Hs 1947 F&A 1st M 5ks 1953 J&J 1st M 5s 1955 M&N 1st lien & ref 6s w w 1960-F&A Washington Gas Lt 6s '60 M&N Wash Ry & El g 4s 1951—J&D Anacost & Pot 5s 1949 A&O 1st guar 6s 1949 A&O City & Sub 5s g 1948—__F&A 104 k 76 28 Bear Beauharnois 65 4 Beaver Valley Water 6% pref_100 96 70 BeU 173 99 k Telephone (Canada) 100 Bell Telep of Pa 6k % pref --100 Beverly Gas & Elec 25 Birmingham Elec $7 pref * $6 preferred. * Birmingham Gas common."53.50 prior preferred 50 110k 70k 71k 100 *52- -J&D 454 103 Boston Elevated 109 k 3k 22k 108 85"" 104 k 72k 53 k 110k 99 k 100 9854 102 99 95 103 k Canada Nor Pow com Canadian Marconi 102 — —— 1961- Corp— J&D Capital Transit (Wash, D C) 100 Carolina Pow & Light $7 pref —* $6 preferred* 109k 105 k 6 % preferred Cent Hud G & El 24 25 Cent Illinois Light 4 k % pref-100 Cent 111 Pub Serv $6 pref * Cent Indiana Gas 6k% pref-100 105k 105k 89 82 Prior 90 56 k 57 k 129 110 93 93 k & Light com * * - * pref—100 - Amer Public Serv 7% 97 k American Service $3 preferred. „♦ Amer States 22 k 17 k 36 113 8k 17 k % 36k 113k 2k k k $5 preferred 112 2 k 2k 8k * $6 preferred. Utility com , 16k Corp 28k 5k 45 k 40 k 92 94 21 22 1 lk 15k coin llM 29 25 5k% preferred Amer Superpower First $6 * AH 46 41k * * No par value, t Paid off June 1 at 100. J CaUed Aug. 1 at 104k. & Basis. 50 22 k 106 2 10c* 4 78 k 78k 104 104 15 98 k 92 75 77 20 / Flat price, 90c 40k 14 k 114k 112 75 61 62 97 k 63 * 107 * pf--* pf-* Central West Co. v t c 5 Chester Water Serv 5k% pref—* Chic City & Con com part ctfs—* Pref par tic ctfs * Chicago Rys partlc ctfs ser 1—100 Series 2 100 Series 3 —100 Series 4 100 Cincinnati Gas & Elec 5% pf 100 Cincinnati Gas Transp 100 Cine New & Cov Lt & Trac. .100 Preferred ,—100 Cincinnati Street Ry 50 Oincin & Suburb Bell Telep—50 lk lk 4k 102 1 102 k 107 90 2k 98 10 Preferred BB Cities Serv Pr & Lt $6 pref 5k 100 Cities Service com— Preferred 53 k 5 * * * * $7 preferred 50 77 X 78k Citizens' Pass Ry—See Phila R T Citizens Traction—See Phlla Co 2k Citizens Utilities com dividend. il" 27 k —60c * Preferred B lk 16k k 18k preferred--.-..— Preferred $6 series Hen Cent Vermont Pub Serv 6% 22 * 0% preferredAmer Power 115"" 6 12k 43k 95 k 89 109 99 * 100 100 Central States Pow & L $7 "W arrants —25 25 2k 150 106 k Central States Edison 57 k Traction. 27 k com- Preferred 87 pref 50 Amer & Foreign Pow com * $7 preferred. * $7 second 2nd pref series A—* $6 cum pref * & 36 preferred Cent & S W Util 96 80 AUontown Beth Gas American Light 8k 33 100 6% preferred 1st $6 preferred 45 k 100 5% preferred 94 95k 88 k * Amer Gas & Power com 71k —100 Cent Ohio Lt & Pow 6% pf Central Pow & Light 7% pref * * 75 154 Central N Y Power Corp— 95 PUBLIC UTILITY STKS. 76 - $7 preferred 94k 93 k *37opt_J&D J&D * com.— Cent Indiana Power 7% pref 100 Central Maine Pow $6 pref 100 120 73 k 70k 60 77 85 102 * 104 113 100 80 Ry—See Third Ave Ry (Pa) Gas 1st 5s 1941.M&N $6 preferred 4 44 k 56 145 73 York Haven Wat&P 1st 5s'51 J&D * 77 .—100 4 k % preferred $6 preferred $5 preferred 121k 52 k 83k Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com 1 Wuerttemberg (Germany)—See 74 k * 1 Carolina Tel & Tel 50 46 Cum income 6s 1952 J&D Cum income 6s (w s) 1952-J&D Hyaro-Elec of Wyoming Vail P S 6s 1971-A&0 Yadkin River Pow 1st 5s *41 A&O k Wireless Ltd— 102 102k — Amer Gas & Elec com 104 k * C--25 Brooklyn Edison 100 Bklyn Manhat Transit * $6 preferred series A * Bklyn & Queens Transit com * 16 preferred * Bklyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas * Buffalo Niagara & East Power— $1.60 prior preferred 26 $5 1st pref * c 102 106 Warrants 96 —* 20 ♦ 102 102 105k 102 Allegheny Traction—See Phila Co 110k Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A Ordinary shares Amer dep rec 7k% A ord—£l Amer dep rec B ord £l Amer dep rets 5k % pref£1 Calif-Oregon Power Co— 6% preferred series of 1927 100 6 % preferr ed 100 Oalif Water Serv 6% pref 100 Calif Water & Telep 6% pref 25 110k Alabama Water Service 6 % pref. * 21 H0k * Class B—- 99 k -.-J&D Alabama Power $7 pref 20" 100 Pow ord Brockton Gas Light Co v 109k June 1 1940 York Rys 1st M t 5s 5s stamped 1947 Ry com Brazilian Tr Lt & Cable & Wolverine Pow adi 4 Xs Mar 1 '59 Worcester St Ry 5s A 1947.J&D t York - Blackstone V&i Gas & El pref-100 Edison Co 100 Yonkers 102 k $6 preferred 10 Birmingham Wat Wks 6% pf-100 Boston Consol 5 15 72 Worcester Transit Association— 99 101k 100k 2k SIX 81X 68 70 k 75 Public Service 4s Power — 60 k M&N 4% June 1 1945_ 4% June 1 1946mtge 4 81 93 4% June 1 1944— 1st 113 * 98k F&A '45-A&0 4% June 1 1943_ Wisconsin 1.50 19k 140 68 Wisconsin Michigan Power Co— 1st mtge 354s 1961 J&J Wisconsin Power & Light— 4% June 1 1941 4% June 1 1942 Mt 40c -25 com Westphalia United El Pr (Germ) 20 1st M s f 6s 1953 J&J / Wheeling (W Va) Electric Co— 105k 1st M 5s 1941 opt_ M&N 105k Wichita Water 6s 1949— M&S 102 1st M 5s 1956 ser B F&A 105k 1st M 5s 1960 ser C M&N Williamsport Water Co— 103 k 1st M 5« Aug 1952ser A... F&A 102 k Winnipeg Elec 1st 4k» I960 .J&J 1 72 Gen 4-5s series A 1965 J&J 52 k Gen inc 4 -5s ser B 1965 J&J 109k Wise Elec Power 3ks 1968-A&0 60 Wise Fuel & Lt 1st 5s 1948..M&N Serial debs 4% 119k * 100 v t c -100 100 Hudson River Bdge—* 98 Co—„ 1st mtge 4s ser A 1966 65 Transit Co 101 Preferred vtc 98k 1st mtge 3ks 1966 A&O Wisconsin Hydro-Electric Co— 1st M 5s 1947 ...A&O 3054 3 2 Atlanta Gas Light 6% pref Atlantic City Elec $6 pref- Bangor Hydro Elec com 7% preferred 6% preferred 101 M&N 5s * Balt Wisconsin Gas & Electric— 94 Utica & Mohawk Valley Ry— J&D 105" 103 k 107 k 27 * Class A 7 104 5%to'4lK&N Wat 2k 25 k 26 $4 preferred 5k l3k „ I960 —* Telep Co Ltd $1.25 pf—* Assoc Telep & Teleg $6 pref * $7 1st preferred 100 107 Assoc M&N M&N J&J f 6s 1952 * Westmoreland 49 k _ 1968—M&S 5k8 5 Hi Investing Companies Associated Public Utility Western Utilities Corp— t 1941 M&S f Utilities Power & Light Corp— Deb a5k8 1947 J&D Deb 5s 1959 -—F&A Utilities Public Service Co— Conv 6s 1933 J&D Vermont Ltg Corp 1st 6s'44 A&O ref Mut Un 6s ext at 97 k 1951 ser A-92 k 1951 ser B-United Electric Service (Italy) 42 Extl 1st s f 7s 1956 ser A__J&D United Gas & Fuel (Hamilton)— 99 1st s f 5^s 1948 J&J United Ilium Co New Haven— 101 Hi 1st 4s Feb 1 1940 F&A United Light & Power Co— 87 Deb g 6k81974 M&N 107 k 1st 1 & consol 6His 1959--A&O 83 Deb g 6s 1975 M&N 118.. United Lt&Eva(Me)6s A'52 A&O 82 k Deb 6s 1973 —J&J 90k Un Lt Rys (Del) deb 5Hs.52 F&A United Public Utilities Corp— 96 Conv coll tr 6s A 1960 J&J 93 Conv coll tr 5H»s B 1960—J&J 38 United Rys Cos 4% ctfs '49.J&J / United Railways of Havana— Eq 7 He Feb 16 1936 F&A / 14 k United Rys of St Louis— 30k Gen g 4b July 1 1934 J&J 26 City & Sub Pub Serv 5s '34.J&J / United Securities Co Ltd— 64 Coll s f 5H8 ser A 1952..M&N 64 Coll s f 5Hs ser B 1952—M&N 87 United Telep Del 6s A 1948 A&O 100 United Tel & Tel 5k8 A '53.M&N 100k 1st Hen 6s ser B 1953 M&N United Traction (Albany)— 1 Con g 4Hs 2004—, J&D/ Unit Trac (Pgh)—See Phlla Co Unterelbe Power & Light Co— 21X Sink fd M 6s 1953 A&O Utah Lt & Tr 1st 5s 1944 A—A&O 110k Utah Power & Light Co— 98 Deb 6s May 1 2022 M&N 10154 1st lien gen M 5s 1944—H&A 1st lien & gen M 4 His 1944.F&A 99k. Utica Belt Line Street Ry— 1st 5s 1939 —M&N /10^ 120 Utica El L & P 1st 5s 1950---J&J 128 Utica G & El ref & ext 5s '57 J&J Co Bldg (Kanata Realty)— 6s 1956 F&A 100k Gen ref M 4s Jan 4ks 105 k J&D 1946 < Assoc General Utilities— 129k 108k Union Telegraph— Fdg & R E M 4ks g '60--M&N 25-year g 5s 1951J&D 30-year 5s Mar 1 I960--.. «*&S Gen ref M 6s Jan 5 5 * 102 k Western 119 1st & ref M 3Hs B coup notes & 8k see 1967--J&J Western Public 8ervice 1st 2 Option warrants Western Pr Lt & Tel 6s 1948 100 k k 2k * * 76 .- Western States Util 6s A '49—J&D United Elec Rys (Providence)— Vesten Elec Ry 7s 1947 V rglnia Electric & Power— — M 5b 1951 5s series B 1950 Deb s f 6s extd 1950 52 *51 ser A_M&N 1st Gen mtge 3ks gtd 1st 57 k ♦ » 101k Westchester Service Corp—4s 1948-1953-- 1st M 5ks 1950 63 88 -1 * 1st mtge 3 54s ser A 1969-M&N West Virginia Ohio River Western N Y Water Co— 103" 94 -1 com 55 67 Western N Y Utilities 5s *46. J&D 103 First lien 5ks Associated Gas & Elec Western Mass Cos— Union Water Service Co— Unit Elec Co or N J 4s 110k 115k 5ks 1956---M&N 1st Union Passenger Railway— 1st 4s Mar 31 1961 121 $4 preferred. 100 60 2k 2 k 7k * 106k 115 102 k 102 5k 43 k 10 110 10154 _ 1948—J&D 3k 35 60 120k M&S A&O Western Cont Util 6s 1944.-M&S Western Lt & Telep 5s 1954-A&O 97 Missouri Power— Utilities Co— Texas 3k % 106 • 108 k 98 110k ♦ 100 k 106 108 _ preferred 70 68 Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s *50--J&D 30 * * — * com * Bridge 3 k-6 ks, 1960 J&J West Virginia Water Service— 1st mtge 4s 1961 A&O 103 k 22 West 92 k * West Philadelphia Pass Ry— 1st ext 3ks 1956 A&O 100 Edison 6k Ilk * Common 101 1954 J&D 2030-A&0 1st M 5s 1963 series E 104 UJlgawa Elec Power 1st M s f 7s 1945 Arizona Arkansas 100k 1st M 3ks ser I 1966 J&J West Penn Tr 1st 5s 1960--J&D 10 * * 25 Appalachian El Pow 7% pref 6% preferred 7 102 West Penn Elec deb 5s West Penn Power— 50 40 Tri-County Telep 4 k8 B 7 com— Trac—See Phila Co West Ohio Gas 6s A 119 5s 1968--J&J End West 100 com 6% preferred Amer Wat Wks & Elec $6 1st preferred Arizona Power $6 Hydro-Electric— 1st 6s ser A 1950J&J Conv deb 6ks 1945 J&J West Coast Telep 1st 4s '64-M&S West End St Ry—See Boston El 66 167 27c Amer Utilities Service 105k West Canadian 64 Bid Telep & Teleg American - 96 k 99 x Stocks Ask Bid Bonds and Income and defaulted bonds month preceding the date of issue k Last sale, n Nominal, r Canadian price, z Ex- Aug., 1989] Stocks Par Bid are at near (Pa) 7% preferred 100 City Water Co (Chat) pref 100 City Water (New Castle) pref .100 Clear Springs Water pref * Cleve Elec ilium common.. mt 74 39 * Coast Co Gas & El 1st pref. .100 Colum G & El Corp (Del) com..* 106 108 734 8434 7534 100 100 100 Columbus & Southern Ohio Elec 794 85 7834 7134 69 100 11334 11434 100 25 113 114 3134 Commonwealth Gas 3134 134 194 34 6834 1 Commonwealth & Sou Corp com * Optional warrants $6 preferred. Commonwealth Tel (Pa) 7% pf 20 Commonwealth Water & Light— 6% preferred * 7% preferred ..* .... Community Pow & Lt 134 4 n ■ 95 n 100 Community Pub Ser com Community Water Uerv com.. 7% preferred Concord Elec Co 6% pref 100 8 34 2694 54. 16 116 Common Conn Gas & Coke Sec pref Common * * • 48 40 100 25 50 100 100 * Cons Gas EL&IM Bait) 100 * com $5 preferred * Consol Gas Co (Pgh) pref 50 Consolidated Gas Utilities com.l Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co 100 * $4.60 preferred Continental Gas & Electric— * 52 9 1034 84 118 3234 10734 32 1 134 28 2634 178 101 54 60 94 134 100 110 11234 5 H% preferred 100 Dallas Power &i Light 7% pref 100 6% preferred * 104 107 Danoury & Bethel G Sc E pf...25 Dayton Pow & Lt 4H% pref.100 Denver Tramway com * 26 118 -• 11134 East Middlesex Street Ry.. 34 135 Gas pref Conv stock $5 preferred 534 194 934 21 88 84 90 86 2 31 334 32 434 J** 68 59 , 534 934 6894 61 1.50 * * 834 3194 * 27 * k 22 7% Preferred Eliz & Trenton RR 394 2734 July 27 434 — 7% 100 ... 95 3 3434 ..100 Preferred 53 60 111 215 222 47 51 6534 6934 63 66 6334 64 61 6234 6034 6434 Empire Telephone Fall River Gas Works 25 15 Light & Tr Federal Power & Light com Without par value, 39 1534 11434 12 1 1294 8794 9334 3" 50 * 57 * 109 6 lA 1334 104 10934 4 5 101 104 334 634 1834 nK* 4 634 1934 Mar 17 ~4 75 25 20 34 28 35* 634 634 694 694 2334 634 2534 734 5 1134 1234 31 68 34 70 78 80 Missouri I'ow & Lt $6 pref Missouri Pub Service com 534 » 434 594 534 17 19 2034 Italian Superpower— See Investing Companies. Montreal L H & Pow Cons Montreal Telegraph Montreal Tramways com Mountain Fuel Supply Mountain States Power— r Jersey Cent Pow & Lt 7% pf_100 6% preferred 100 534% preferred 100 * Ex-dividend. 10734 10394 97 92 3 434 88 * 9834 10794 10834 * * 100 7 6 994 * "294 7 694 34 94 9134 8534 7934 85 $3 494 8634 103 * r 40 100 r 3234 494 6634 133 29 $534 preferred stamped Mew Eng Pow Assn com * 105 3234 5 6834 136 31 1534 4 Nevada-Calif Electric com 100 Preferred 100 New Bedford Gas & Edison Lt-25 New Eng Gas & Elec Assn— 2934 734 7834 8834 4534 10 1st pref 100 100 5 1494 National Gas & Elec com National Power & Light com * 34 101 65 10 * 8394 11734 55 r 44 $6 preferred A l 9334 8634 8234 97 2734 694 77 50 Nebraska Power 7% 794 734 34 100 preferred conv 994 34 3 88 8234 115 * * Mountain States Tel & Tel—1O0 Nassau & Suffolk 7% pref 100 National City Lines com 1 894 9034 434 9 9234 115 117 107 109 3 6 40 42 54 3034 3134 * 14 15 100 74 * 24 76 25 138 140 6% preferred$2 preferred 35 109 10534 99 93 * 1 50 12 $6 preferred $6 prior pref New England Tel & Tel New Haven Water New Jersey Pow & Lt $0 pref New Jersey Water pref 6% preferred 133 34 * 194 26* * 100 7% preferred New Mexico Gas 40 * 100 434 * |7 preferred 100 x 100 Monongahela L & P—See PhilaCo Monongahela St Ry—See PhilaCo Monongahela Val Water 7% pfd. Monon-West Penn P 8 7% pref 15 Montana Dakota Utilities com. 10 6% preferred 100 6% preferred 100 Montana Power 6% pref * 103 ..100 89 Mississippi Power $6 pref * $7 preferred * Miss Power & Light 6% pref * Mississippi Riv Pow 6% pref.100 Mississippi Valley Util * * certificates 634 78 Convertible pref A __* Midland Util 7% prior lien.. 100 6% prior lien —100 7% preierred class A .100 6% preferred class A 100 Minnesota Pow & Lt 7% pref 100 $6 cum preferred 100 $7 prior preferred arrear certificates 1234 New England Pow Co $0 pref.100 New England Pub Ser com * 106 arrear Canadian price, Middle West Corp com.—. Midland United com 101 15 23 Mass Utilities Associates— See Investing Companies. 10134 6% r Common without warrants $2 Preferred Warrants * Jamaica Water Supply $5 cum pref ser A Nominal, Ry(San Francisco) 6% prior preferred * Common 2234 Marcon Int Marine Commun'y— Amer dep rets for ord shs £1 6% preferred 1934 1694 n 106 109 Companies. 95 k Last sale, 14 Utilities— Jamaica Pub Service Ltd.. Preferred 34 110 100 1894 1634 60 6 21 7% 61 434 2394 58 Warrants Iowa Southern Utilities— Common 2 97 100 194 494 14 100 88 Maiden Electric Co 25 Maiden & Melrose Gas Lt 25 Manhattan Railway 7% guar 100 Modified 5% guar 100 Michigan Gas & Elec— 7% prior preferred 80 6V4% preferred $7 preferred 10434 ~2 110 ..100 96 $7 preferred .100 Lynn Gas & Elec Co 25 Mackay Companies4% pref.. 100 105 9 $6 preferred 1 * Investors Telephone com * Iowa Electric 6 34s pref 100 Iowa El Lt & Pow 6% pref..100 51 100 100 105 * 50c 1434 1634 79 7% preferred 100 Preferred 100 Lowell Electric Light 25 Luzerne Co Gas & El $6 pref.100 100 33 * 114 Mexican Utilities preferred Michigan Consol Gas 11034 * 18 103 100 1034 30c" 109 See Investing 78 334 100 100 * * 100 * 51 Units. 32 20c 10234 5 100 1st preferred Internat Power Securities International Ry v t c 834 134 3634 $5 cum preferred $6 preferred series O $6 prior preferred.* 7% prior preferred Mexican Northern Ry com Preferred 41 934 2294 594 93 com Preferred ($6) 10c Internat Ocean Teleg (guar)..100 International Power Co * 5 75 Memphis Natural Gas Metropolitan Edison Co— 70 37 34 3534 7% preferred —100 Indiana Telephone Corp ..100 Indianapolis Power & Light— 6% preferred 100 634% preferred 100 Indianapolis Ry Co v t c 100 Indianapolis Water 5% pref—i00 Interboro Rapid Transit.. 100 Internat Hydro-El Syst A 25 Conv pref $3.50 series 50 99 103 1294 68 35 46 6% pref. .100 Interstate Natural Gas Interstate Power pref $7 834 6% Preferred 25 Engineers Pub Serv com 1 1234 $5 cumulative preferred * 7634 $5)4 pref (with warrants) * 85 $6 preferred * 9134 Essex Company ...50 58 European Elec class A 10 5 Option warrants 54. Fairm't Pk & H^dd Pass Ry—See Phila R Fall River Elec Light 25 58 Federal 6% preferred International 115 8 20 334 Indiana Hydro Elec 7% pref.100 Iowa Power & Lt 7% pref Iowa Pub Serv $6 pref * com. 60' Service^— Foreign share ctfs 50 Bay State Tel (gu) 100 Empire District Elec 6% pf_.100 Empire Gas & Fuel Co pf 8%. 100 Preferred 7% 100 6)4 % preferred 100 6% preferred 100 Empire Power Corp— See Investing Companies. 294 100 General International Telep & Teleg Ellxabethtown Water Com...100 Elizabeth town Consol Gas 100 Empire & 30 Elec— 7% preferred Indiana Internat Teleg of Me (gu) 35 111 50 - com 50~" * 894 1534 50 Mass Power & Light Associat'n— Common with warrants * 111 50 5% conv preferred Indiana Service Co 1.50 9 32 com 3134 40 34 Arrears certificates Illinois Power & Light— Indiana & Michigan 434 14 1.30 Preferred series A Illinois Iowa Power common cl A 110 2434 * 71 Market St * 100 pref 4 67 89 Marion (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref * 75c 1 * * 50 com 5% preferred 6% preferred. Louisville Railway Co 112 36 100 23 1.30 El Paso Nat Gas com. Preferred Hudson & Manhattan.. 67 1 2d pref series A 77 34 103 1 Optional warrants El Paso Electric Co (Del) 7634 112 Class A full paid Elec Power & Light $7 preferred $6 preferred 8634 2534 Idaho Power 7% Elec Power Association Corp 8534 23 34 134 9 * 83 5% non-cura preferred-._—100 Huntington Water 7% pref—100 134 4 5 7534 25 1734 * Electric Bond & Share.. $6 preferred 15 95 25 65 1 * com 13 F—See PhilaRT Hesronville M & $6 preferred Illuminating Shares class A Indiana Assoc Telep $6 pref * 96 3894 9634 9694 95 1 100 * 6% preferred 145 134 934 2094 6% preferred 100 414% P^or preferred 100 Ry com 100 6% 1st pref stamped 100 6% pref B stock 100 5% adjustment stock 100 Eastern Minn Power 6% pref East Shore Pub Serv 6 34 % pf 100 6% preferred ..100 Eastern States Corp— See Investing Companies. 30 8 7 25 25 com 6% 1st preferred Eastern Mass St Eastern Util Assoc 124 94 29 7 434 100 ' 72 4 Eastern Gas & Fuel Assoc's com * * Hartford Gas Houston Natural Gas 70 10c c. Louisv Gas & Elec 3794 Harrisburg Bridge 20 Harrisburg Gas 7% preferred. 100 Harrisburg Rys common 50 Hartford Electric Light -25 13 34 13 12134 States t c 40 100 Eastern common v 35 v t 55 104 3134 Holyoke Water Power Houston Lt & Power $6 pref 100 East CoaBt Publle Service 1794 53 * 100 94 43 44 Long Island Lighting com * 7% preferred A 100 6% preferred B .100 Longvlew Bridge class A Louisiana Power & Light $6 pf-* 109 45 $5 preferred Duquesne Light—See Phila Co— 19 102 25 109 Lone Star Gas Corp 1734 vVater. 41 preferred 25 94 * Duke Power $4 Lexington Util 634% Pref 25 Lexington Wat Serv 7% pref.100 Light & Pow Securities Co * Preferred 100 75 1834 $5.50 preferred Havana Elec & Util $5 Haverhill Elec Co Haverhill Gas Light ■ 75c * 65 10594 25 80 11134 16 common Lawrence Gas & Elec Lt 21 preferred Havana Elec Ry com — 28 Detroit Edison Duquesne Nat Gas 65 494 1534 95 60 1 Preferred 116"" 11434 * 64 6% preferred .100 7% preferred 100 Kentucky Utilitias 6% pref—10(i 7% Junior preferred 50 Keystone Pub Serv $2.80 pref.. * Keystone Telephone $4 pref 50 Key West Elec 7% pref 100 Kings Co Ltg 7% pref 100 5% preferred 100 Laclede Gas Light 100 5% preferred 100 60 —20 99 Light— 60 Georgia Power $6 preferred— $5 preferred -— Georgia Power & Lt 6% pref —. Germantown Pass—See PhilaRT Gloucester Elec Lt Co 25 Gold & Stock Telep (guar)....100 Green & Coates—See Phila R T Green Mt Pow Corp $6 pref... Greenwich Gas $1.25 pref— Greenwich Wat & Gas 6% pf-100 Hamilton Gas 9234 * 60 - — 14 Detroit & Canada Tunnel. Kansas Power & 34 100 Derby Gas & Flee $7 pref 6)4% preferred 20 94 * Preferred 65 Preferred 7% preferred 93 .20 7% pref class A Hamilton Bridge 134 .1 c 106 74 * 60 Aliied~Corp~i6 pref- Hackensaek 96 1 7% pref unstamped Cumberland Gas com v t Cumberland Co (Maine) Power & Lt 6% pref 6% preferredKansas Power Co 6% pref 15 Gulf States Util $6 pref 10534 94 1 11534 50 Warrants Gulf Power $6 179 10434 10034 100 Contlnen Pass Ry—See Phila R T Kansas Gas & Elec 7% pref.. 100 99 15 -100 Tri Corp 111 49 Gen Gas & Elec $3 preferred 134 98 100 73 com....——— Gen Wat Gas & Elec com A 94 3294 10634 7% prior preferred Crescent Public Service com Cuban Telephone new 6 % pf.. 119 7% preferred 120 48 98 Foreign Light & Power units.. . Frankf'd & S'thwark—see Phila R T Franklin Telegraph (guar)... 100 26 Gandy Bridge common 194 Gardner Elec Light common.100 145 Preferred 1G0 108 Gary Elec & Gas common * 434 Gatineau Power 5% preferred 2594 2694 Bid Par Kansas City Power <fc Light— 1st pref $6 series B * Kansas City Pub Serv new. * Kansas Elec Pow 6% pref 100 47 96 $50 par Florida Power & Lt $7 pref—. Florida Telephone .100 Gen Telep Gen Telep 117 (Reading)....25 Consumers Gas (Toronto) Consumers Power $5 pref 62 34 5 34 934 8234 * ,.h„ Preferred Telephone Corp com. $3 conv preferred 94 60 117 Connecticut Ry & Lighting 4)4% preferred Consol Elec & Gas $6 pref 34 2334 2434 25 * , Gen 42 34 5)4% preferred Connecticut Power — $634 preferred * $7 preferred Fltchburg Gas & Elec Light.. 50 Florida Power Corp 7 % pref. .100 Stocks Ask 5% preferred 44 Connecticut Light & Power $6 preferred (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— 10 Amer shs for ordinary stock 36 2734 General Public Service Corp— See Investing Companies. 34. General Pub Util common * 33» 67 94 * 10O .25 com First preferred 6%... 4)4 % pref series B Cons Edison Co of N Y — 11234 1834 17 6% preferred A 6)4% preferred B Commonwealth Edison Co — 41 11194 100 6% preferred series A 6% preferred 5% conv preferred — 100 Bid Phila Co. A..* Federal Water Service com 104 * $4.50 preferred Cleveland Railway Par Stocks Fed St & Pleasant Val—See 10334 79 STOCKS possible for the closing day of the month preceding the date of Issue as Ask Citizens Water Co of Wash Consumers Gas UTILITY PUBLIC Quotation! for all securities 194 5134 1334 * 12 13 * 45 46 100 118 120 50 72 106 107 * 100 com 4 50 74 9734 4034 434 PUBLIC 80 STOCKS UTILITY of the month preceding the date of Issue Quotations for all securities are as near as possible for the closing day Bid Par Stocks 7% 113 * New Orleans Pub. Serv com 7% preferred- 29% 101 15 7% pref 100 Y Mutual Telegraph (guar)-.25 Y City Omnibus common * Option warrants --YPow & Lt Corp $6 pref— 7% preferred — 100 Y & Queens El L & Pow— New Rochelle Water N N N N 8% 7% preferred Citizens 30% Passenger guar 50 Pass Ry ($29 pd)-50 Pk & Haddington. .50 Frandf'd & Southwark Pass .50 34 Hi 17 21 112 Hestonville M 115 4% 45 51 53 50 50 North American Light & Power $6 preferred North Amer Utility Securities—* North Boston Ltg Prop com——* Preferred -100 Co (Del) —10 Northeastern Wat & Elec com.-* $4 preferred —* Northern Indiana Public erv- 53 2 Texas 95 H! 100 104% 90% Nor 8tates Power (Del) cl New preferred Potomac Edison Co 6% 106% 100 41 A—-25 10% 71% 64% 110% 88 iblic Serv Co of N H $6 85 98 H; 5%% 1st preferred —100 6% preferred 100 7% preferred 100 Ohio Service Holding com——1 5% preferred 6 114 114K 100 101 102 105 106% 113% 39% 115 38 Units., * 29% 41 32"" Oklahoma Gas & Elec 7% pref100 113 114 6% preferred 100 Okla Nat Gas Corp com —15 $3 preferred —50 6% conv prior preferred 100 Omana & Council Bluffs Railway 8c Bridge 4% cum pref 100 Omnibus Corp v t c.._————* 8% conv preferred A——100 Oregon Wash Water pref.. —* Ottawa Light Heat & Power new. Preferred -.100 Pacific 8c Atlantic Tel (gu) 25 Pacific Gas & Electric... 25 1st preferred (6%) —25 1st preferred (5H%)—---25 Pacific Lighting Corp com * $5 preferred ... * Pacific Pow & Lt 7% pref 100 6% preferred * 101 103 Pacific Public Common 16% 13% 98 80 6 22 " 100 33'" 35% 31% 50 109% 90% 82 6% 22% 128 156 H; 2% 33% 111% 100 ~4% 34% * preferred 38 $5 preferred * Pennsylvania Gas common. * Penna Gas & Elec Co 7% pref. 100 Penna Gas 8c Elec Corp $7 pref _ . * Class A ---* Pennsylvania Power 85 pref * Pennsylvania Pow 8c Lt 87 pref.* 86 preferred.— * 85 preferred * Pennsylvania State Water, pref.* Pennsylvania Telep 6% pf—100 82.50 preferred * Pennsylvania Water 8c Power * Preferred... * Peoples Gas & Fuel Corp.— 1 People's G L & O (Chic).. —10G Peoples Light 8c Power Co A 1 65% 13 38% 66% 15 23 32 34 2% 4 110 110M 108 110 105% 98 111. 100 55% 78% 115 14 37% 1% 1% 75 38% 2 1% 80 25 15 15% 77 80 4% Philadelphia Co com 85 preferred— 6% cum preferred 86 cum pref...1 Allegheny Traction * 7% 78% 60 Traction. pref 49 89 91 80 -.50 61 104 DuquesneLight5% lstpref 100 Federal St & Pleasant Val—25 Monongahela Lt & Pow 50 Monongahela St Ry 60 Phila & Darby—See Phila R T Phila 8c Grays—See Phila R T Philadelphia Elec Co com 85 preferred — 117% 104% 97% * 1H ~2~ Rockland Light & Power 10 St Joseph Ry Lt & Pr 5% pf_.100 St Joseph Water 6% pref 100 11% 12% 77 5c 117 3 * 33 * y 11 IX % * 19% 20% 112% To be called. 12" 11 100 97^ 50c X % $4preferred 60 Sou Carolina El & Gas 7 % pf. 100 South Carolina Power 6% pref..* South Pittsburgh Water— 8% preferred 100 7% preferred 100 South Shore Utility $150 pref..* Southeastern Gas & Water A—* 81 114 J* 25 ~1%\1 -.100 34% 25% 12% 1 65 98% 99% 13% 13% 13 » 12 % * 100 6% 159 Southern Union Gas com—— d Called Feb. cum 1% 1, 1940 at $110. ' 100 100% 101 98 8 163" 9% 3% 1% 40 ' 106 107 97 98 1% 2 46% 110% 106% 99% 48 107 112^ 107% 100% - « - — 3% 3 30 28 114^ 14% 6% 9% 3% 116% 14% .... 4 %. 43 88% 71 1% 86% %s •13% 114 114 93% vl7A 75c 50c * common * 17% 19 Wash Gas 61% 62% I 1 —1 % 1 pref 100 20 1 7 $6 preferred --_* Virginia Pub Serv 7% pref— .100 6% preferred 100 Washington (D O) Gas Light * Preferred _* prefllllloO Elec 7% Wash (D C) Ry 8c El com Preferred 117% 49 47 29 107 7% 100 690 10O 117 Washington Wat Pow 6% pref-.* 106 100 99^ 108K 100 102 » preferred cum preferred West Penn Power 7% pref 6% preferred4%% preferred cum 100 —100 100 West Phila Pass—See Phila R T West Texas Utilities $6 pref * West Va Ohio River Bridge— Common _* ... • Prior preferred West Va Water Serv 6% pref Western Lt & Tel com * 1 25 * Y W.tter pref 100 -100 * * * 100 100 Wisconsin Pow 8c Lt 6% pref. 100 7% preferred 1O0 Wisconsin Pub Ser Corp 7% pflOO 6 %% preferred 100 Wisconsin Telep 7% pref——100 Power Co —.5 Worcester Trans Assoc York (Pa) Railways pref York Water Co.- /Flat price, k Last sale, n 70c 25^ 36 5 Wise Elec Pow 6% pref Wise Hydro-Elec 6% pref Wolverine 7 95 100 —.100 Preferred 7c * Wheeling Bridge—Wheeling Elec 6% pref Wllllamsport Water pref Winnipeg Elec class A--— — 97% 100 • Western Union Telegraph-. Class B 114% 12 Preferred Western N 61 100 7% Common $6 preferred $7 preferred Utilities Power & Light cl A Westmoreland Water pref 25 80"" Utah Power 8c Light— 28% 29% 29% r 100^ 100 % 100% 100% 10 _ Western Massachusetts Cos Southern Indiana G 8c E— B common. 12c 34 100% 100% * _* 26 29 33% 1 20c 45 — 4.80% cum preferred l II"* 2c 28% 32% 114% 87 100 United Public Service Corp.. United Pub Util com A 10c 25 -.25 Original preferred—— 25 Southern Calif Gas Co— 6% preferred series A 25 Southern Calif Water pref-.--.25 2% 103 100 IIII* 1st pref 23 15% 28% 66 1% 1% 1% 29% 86% * ... Preferred Southern & Atlantic Teleg (gu) .25 South Calif Edison common.-.25 A 82% 104 * * % 1% 60 _ — 100 7% 18% % % 27% 63 100 B United Light 8c Ry 6% pref 7% 6% 21 20% 100 West Penn Elec Co class A 19% 99 115 — Common 12% 2% 1% T Shawinigan Water 8c Power * Shenango Valley Water pref. .100 8ierra Pac Elec 6% pref -.100 Sierra Pacific Pow common * Preferred 100 J Called Feb. 1, 1940 at $115. Ex-dividend, 34% % % 100 * com com Utilities Stock 8c Bond Corp Virginia Electric 8c Power— 119 113 ♦ 1 $7 preferred Amer Utilities IIII* ((5onn) Improvement—... * $5 preferred ~* United III Co of New Haven.—Z* United Lt 8c Pr com A. * Non-voting Brook 1st $5 preferred 2d $5 preferred Second Ave RR Cop (N Y ) 3d Sts Ry—See Phila R ♦ * * 7% preferred 100 United Gas & El (N J) 5% pf.100 United Gas Corp com 1 $7 pref series A * Warrants 7% 112 Water Service 6% pref Scranton Transit common Class 30 $3 cum preferred W^rr&iits Class B 97 105 - Southern New Eng Telep 34% 118% 30% 106" 117% 100 —100 100 7% preferred 8% preferred — Bedford)—100 Union Traction—See Phila R T United Corp * 1 104"" 6% preferred San Diego Cons Gas 8c Electric— Southern Nat Gas com Class A common 14 34% 2.00 San Antonio Pub Serv 8% pf.100 y Preferred 1 117 7c 1.90 7% preferred * ~* Class B common 109 — .... 4% 97% * 6.36% preferred 7% preferred 106% St Louis County Water pref-.100 St Louis Pub Serv common 14% I 25c Union Gas System com.. 10 Preferred 50 Union Pass—See Phila" RT~"" Union St Ry (New $2.75 preferred $3 preferred United Utility Co 13% - 12c __1 Union Electric Co of Missouri— 5% preferred Union Gas (Canada) 114 - 4 ... - 99 99 97 100 6% preferred —100 5% preferred 100 Twin States Gas &EJ 7% preflOO Twin City Rapid Transit * 7% preferred 100 79 Rochester Transit common Southern Col Pow com 57 105% 105% J00 100 100 lOu Southern Canada Power J 7% preferred cum 2 94 * $3.50 preferred Texas Power Corp common 6% 96 1% too Texas Elec Service $6 pref Texas Gas Util com. Texas Hydro Electric— Common 6% preferred series C 6% preferred series D 5% preferred series E_ Rochester Telep $6 Hi pref 100 United Gas % % Preferred--Rochester Gas & Electric— 5 3 35% 34 5 2% , 50 80 45 * 50 * 50 8 5% 3% 33 100 Terre Haute file" 6% pref Texas Electric Ry 32 43 94 .100 Tennessee El P 1st pref (7%).100 7.2% 1st preferred 100 1st preferred (6%) 100 5% cum 1st preferred 100 United Gas 6c Elec 5% % preferred series O 6% preferred series B 99 Phila City Pass—See Phila R T 16% -.50 iuth 112% 56% 78% Peoples Water & Gas $6 pref. .100 Peoria Water Works 7% pref. 100 x 65% 106 103 .... Without par value. 114% 24% 66% 17% Seattle Gas common 1 21 1 Common class B * 110 Riverside Traction.. Scranton Electric $6 pref—; 4 Pennsylvania Edison Co— New stock, 102" 109 Savannah El & Pow 6% pref. 100 % 10% -5 Penn Western G & E Trac 101 114 % 23 % 5o Scranton-Spring 3 — Consolidated Class A 164 132 31 ——* Toledo-Edison pref A 7% 56 53 Ridge Ave Pass—See Phila R T Valley Gas v t c 1 155 Warrants B Citizens ----- * 43 107 % 97 41 %. % 26% 13% Preferred * Suburban Rapid Transit St Ryl50 Superior Wat Lt & Pow 7% oflOO Swiss Amer Elec 5% pref.500 Fes Tacoma Ry & Pow Co * Tacony- Pa Ira yr a Bridge— 5% conv preferred 100 Tampa Elec Co 7% preferred Tampa Gas, 7% pref 109% 108% 1 com 79% 129% 113% Edison— Scrip Preferred 95 % 22 19 17 13th 8c 15th Sts—See Phila R T Tidewater Power 6% pref * 126H 112 y2 135 * * Peninsular Telep Co com Preferred 82.80 106 Rio Grande 123% Paterson 8c Passaic Gas 8c El..100 — 79% 42 H 34 2% 19% 7% * Texas Power & Lt 7% pref... 100 6% preferred ♦ Third Avenue Ry (N Y) 100 9 88 104 7% preferi ed Pecos Valley Pow & Lt com Warrants. 8% 40 Service— —.——* - - 143 14 32% 34% 31% 49% 108% 88% W 39% 15% 108% 15 - 13 12 * prior pref preferred-- prior pref Standard Pow 8c Lt Class B 10% 10 163 % 142 77 r 114 * 1 r 111 115 8% preferred 7% preferred 6% preferred $5 preferred 110^ % 15% 103% * Teleg———100 preferred 100 Penn-Ohio 48 110% 1st preferred Pacific Telep & 6% 17 47 107 115 , 156 Ohio Water Service A com.. 104 * * * pref Public Service Corp of N J. 8% 106% % 5% X 4% 100 100 100 * Consolidated Trac of N J--100 Rapid Transit St Ry Co—100 Public Serv of Okla 6% pref-.100 7% preferred 100 Public Serv El 8c G $5 pref * Puget Sound Pr & Lt $6 pref * ! $5 prior preferred * _* J1 Quebec Power common Queens Borough G & E 6% pf 100 Rapid Transit Ry—See P 8 Corp Republic Nat Gas 2 Rhine-Westphalia Electric Pow— Amer shares representing corn. Rhode Isld Pub Serv $2 pref 27 H 95 30 114 20c * $5 preferred 6% 106% 112% 55 10c 100 100 100 * $6 preferred 65 82 * 48 6% preferred 100 Public Serv of Ind $7 prior pref. .* 22% 34 6% 5% 85 85 $7 preferred Ohio Power 6% pref ---100 Ohio Public Service 5% pref-100 28 25 pref--100 57 92 2% i— 21 33% 2 108 65% 110% 25 Ohio Edison $6 pref 100 pref 100 7% preferred 6% pref 5%% preferred ower Corp of Canada com Providence Gas Light il" 100 95 1 2% 73 Northwestern Telegraph (guar) 50 NY PA NJ Utilities $3 pref * Ohio Cities Water preferred * 7% preferred 101 100 oto mac Elec Pow 92 45 98 7% preferred 100 6% 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 2% 26% 112 Light 50 $6 preferred Postal Teleg & Cable 7 % pref 100 Postal Telegraph System— 96 Vs . 25 2% 23 X New common 100 Northern Liberties Gas. —-25 Northern N Y Util 7% pref—100 36"" 23 cum Ask Bid * cum 90 Union Water. Portland Elec Pow 6% pref 58 6 _ 33 Plainfiel.t 9 56 cum 34 Pittsburgh Suburban Water— $5.50 preferred 100 Portland Gas & Coke 7% '4 37 34 ($17 % 7% prior preferred 7 9 8% — 2% 8 Traction S'western States Telep com 1 Springfield City Water 6% pf 100 Springfield Gas 8c Elec pref. » 13 11 * -_ _ — 6 4 $6 preferred Springfield Gas Lt Co. 25 Springf d (Mass) St Ry Cos pf 100 Standard Gas & Elec com * 5 23 20 Portland Gas 52 k 2% 3% 50 50 pd)-50 West Phila Pass guar .50 Phila Suburban Wat 6% pf-—100 Phila Traction—See J^hila R T Union f 30 --50 19% 7% 87% 74 July 29 %6 % 1% 1% 24 24% 58 58% 57 56% 1% 1% 63% 64% % % 7 10 6% preferred 7% preferred 5% % preferred 2d & 3d Sts Ry guar 13th 8c 15th Sts Pass Ry Union Pass ($30 5-6 pd) 17% ---JxX 100 6% preferred series 5% % preferred 102 87% Class A option warrants.—— Olas* B option warrants North American Co— 47 101 pref 100 Pfd-!00 N Y Water Serv 6% pref 100 Niagara Huds m Power. .-..--10 1st pref $5 series 2d pref 5% series 4% 16% Par Southwest Consolidated Corp 1 Southwest Gas (Okla) 7% preflOO Southwpgt Nat Gas $6 pref—.10 Southwestern G & E 7% pref-100 Southwestern Lt & Pr com A * 53 14 % Preferred ,-50 PhilaCltyPass Ry($22 % pd) -50 Phila 8c Darby Pass Ry 50 Phil & Gray's Fy ($25 pd)-—50 Philadelphia Traction .--50 Ridge Ave Pass ($28 pd)-—50 120 100 8 50 F com & 16% 9% 14 48 Germantown Passenger 60 Green & Ooates Sts ($15 pd) 50 104% 113% 43 37 Fairm't Stocks 2% 3% 3 Hi 50 Contlnen 17" 34% Common 5% preferred N Y Railways pref N Y & Richmond Gas 6% N Y State El & Gas 5% % North Philadelphia Rapid Transit--.50 Stock* 115 Ask 2 Ask 14 103 Par Bia Nominal, * 26% 107 112 99 1.50 1.70 7% 112 66 97% 99% 108 105 118% % 7% 50 17 25 26 r Canadian price. 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 "and interest" except where marked "f" and income and defaulted bonds possible for the closing day of the month preceding the date of issue are as near as Abitibi Power & Paper— 1st M 6s 1953 ser A A Cement— 6s 1955 J&J Rethlebem Fdy A Ma 5s*44 A&O J&I )f 47 Purch money 6s 48 M Cons M 91 i ' 88 ) r 90 101 106 M 100 148 M 106M 102 Blethen 45" 40 28 31 > 40% 36 M 45 11* Braun Lumber Corp 5M8 '37-J&J British Am Gil deb 4s 1945..M&S 6s 1955-. I 101 99 M \ 95M 1 109M r 29" r 109 M 55 M&N 1st 6s 1950 Gen s f 7s 1950- M&N 47 Bklyn Serv Station 5Ms '46-J&D 40 24 45 33 M 30 35" '53—A&O Brown Co 1st 5Ms 1946 A&O 1st 5Ms 1950 ser B M&S Brown Pap Co ext 4 Ms '41-A&O Bruck Silk M Ltd 6 Ms '45.M&N Brush-Moore Newspa 5s *45- A&O Bryant Paper 6s A 1942 M&N 35 95 i 35 35 75 i 38 85" 65 103 M 102M 102 I G Chem Corp— M Corp— Investing Companies Amer La France & Foamite— 32 34 93 M 58 1/ 45 103 M r r 103 if 66" 47 104 104 114-M 118M American Type Founders Inc— yp« Conf s f deb 2M-5s 1950-—J& ieb 106 8 Am Wire Fabrics If 92 American Writing Paper Co— Conv 6s 1961— Ann ej •/ 46M Ames-Holden Tire A Rubber— • 108 95 48 M if 103 107M 108 M Cons Nitrate— f 26 28 90 96 99 97 r/ / \f 20 M 90 98 M 92 9 99 M 99 99 M 100 M .... 110 s 41 / / 42 40 M 71 79 M 35 M 38 54 57 26 27 84 M 100 63" 56 63 85 121M 67 96" Investing Companies 35 64 45 90 100 Atl Sug Rcf 1st s f 4s '61—-MAN Atlas imperial Diesel Engine 92 6% conv notes 1945 Atlas Pipeline Corp 6s 1945-M&N / 55 Gen conv 6s 1950-——--MAN / 18 Auburn Automobile— Conv deb 4 Ms 1939 -J / 15 100 Autocar Co 7s ext 1947—MS 59 62 90 105 * 26 M 6 Ms 1952 79M 95 AAO Central Service Des Moines)— 97 94 Without warrants 90 M 1st mtge 6s 1941MAS Gen mtge 5s 1941 MAS Central Paper Co 6s 1948--.AAO Central Ry Team A Cold Storage 105" 93 Avery (B F) A Sons 5s w w'47J<5 98 AAO 99 1941..M&N 115 6Ms 1941.— Central Steel 1st 8s Baldwin Locomotive Works— 78 M 101 / 97 M 102 95 100 60 4 Baragua Sugar EstatesGum inc deb 6s 1947. 48 90 50 s f deb *50('35 issue) _M&S 74M 101M / 30 Battle Creek Sanitarium — 40 M 25 h►—4-4 OO tOrf* & 4Mbs f deb '50('38 issue)-M&S .... 100 1st s f 4Ms A 1954 J&J Baush Mach Tool ext 5s '41.M&S Bayway Terminal 6s 1954—JAJj Beaver Mills 1st 5s 1950JAJ 42 M 24 30 27 30 33 101 •. Chic Molded Prod 5s 1949-A&O •• ■» Chicago Produce District— 1st cum inc 5s (w-s) *48—F&A Chicago Stk Yards 5s 1961-A AO ■ 97 Bell (Alpb E) 6 Ms 1939 Bendix Home Appliances— 89 F 5% conv debs 1944 Beneficial Loan Society— See Investing Companies 98 M 9l" 100 Ohilds Co deb 5s 1943 AAO Chilean Nitrate A Iodine Sales Corp inc 5s 1968 JAD Cities Service Asphalt 5s 52- A AO Ice (Kansas) 6s 1940 AAO City Savings Bank of Budapest 7s 1953 b Basis. / This price includes accrued interest, 92 Debenture 4 Ms w w 1947-F&A Central Coal A Coke— Non-cum inc 4s B 1941—AAO / Central Foundry Co— 58 104M 5s k Last sale, n Nominal, FAA / r 100 114 102 67 52 65 45 M 1943 with warr 82 40 91 103" 1 11* 60 98 Oont'l Invest Bond Corp 2-5s '53Oont'l Invest Deb Corp 3-6s '53— Continental Oil— Conv deb 2Ms 1948 JAD 83 83 M 106 37 M 9 ff .J&D 14 54 M 64" 45 26 103 M 100 M 85 67 107M f 6s 1940— J&D 88 Coplay Cement Mfg 6s *41 Copley Press 5 Ms 1943 A&O F&A 102 s 107M 92 90 Cosden Petroleum conv 5s *47 JAJ 56 M Cosgrove Meehan Coal 6Ms 1945. / 3M Crane Co 3Ms s f deb 1951 .J&D 103 M Creameries of America— Sinking fund deb 5s 1946.FAA 102M Credit Foncier Franco-Canad— 101 6% MAS Credit Service deb 6s w w *48 Q-F 37 79 Crowley Milner 5 Ms 1946—MAN 15-yr 4s s f Nov 1 1950--M&N 10-yr s f deb 4 Ms 1948—J&J Crucible Steel 4 Ms A 1948--F&A Cuban Tobacclp 5s 1944 J&D Cudahy Packing 3 Ms A '55-M&S s f deb 4s 1950 105 H QO 100 M 62 94 H 88 M&S 102 92 M 50 89 81M 105 M 36 M 100 Consumers Credit Svc 6s 1902 35 Consumers Rock A Gravel— 6s 1948 JAJ / 24 M Container Corp 1st 6s'46-J&Dl5 103 Davidson-Boutell 5s 1946 52 J& Oonsol Press 6 Ms 1949 JAD Consol Textile 1st 8s 1941- J&" Cum conv inc 5s 1953—-M& Consolidation Coal Oo— Sink fund 5s July 1 1960—JAJ 5s 1950 —AAO Consumers Co (111) 5s 1956.-JAJ De Bar dele ben Coal Corp— 1st cum inc 5s 1957—Ann 82 See 99 1M 99 2M 103 M 60 101M JAD 105 107 M 103 M 120 M 65 M&S 25-yr guar 5s 1955 Atl Gulf & W Indies 8S Lines— Coll tr g 5s Jan 1 1959 1st 5Ms ser O 1946— Consolidated Cement Corp— Cum me 6s 1950 FA A Cum inc 6% notes 1950._FAA Oonsol Oil 8 f deb 3 Ms 1951 .J&D Consol Paper Corp 5Ms 1961.JAJ Deep Rock Oil 7s 1937 Defiance Paper 6s 1939 Detroit City Ice & Fuel— 103 M 57 M 104M 103 M 39" 82 106 99 M 101 65 94 M 90 100 115M 79 101 94 60 100 101M J&D 98 April / M&w f 12M 56 J&D - Farm Ln Series s f 6s Oct 15*60 A&OIS / B / Dickey (W 8) Clay Mfg Co— Cum inc 5s (w-s) Nov 1 1949-Cum inc 5s (ex-stk) Nov 1 1949 Dom Coal 1st 4 Ms ser A '52-AAO Serial 3 Ms 1938-43 —A&O Dominion Steel A Coal 6 Ms 1955. 14 82 M 58 84 45 32 - — — - 85 152 96 M 160 104" 99 100 106 M 107 M 102 M 105 46 67 103 M 105M Dominion Tar & Chemical Co— Deb 4M> «er A 1951 M&N Dominion Textile 4Ms '55 .M&S Dom Woolens & Wors 6s *53.J&J Donnacona Pap 4-4 Ms '56—F&A 10-yr 5M% notes 1947—J&J Dow Chem Oo deb 3s 1951—J&D Dryden Paper 6s 1949 F&A Dufferin Paving A Stone— Deb 5s series A 1955 ...Jan Deb 5s series B 1955 Dumont (Allen B) Lab— 23 M 20 103 106 M 49" 68 90 96 55 M Jan 55 *2 M-5s i* 100 55" 74 76"" 100 65 40 M 50 40M 78 96 82 51 65 49 108 M 37 109" 41 56 40 104 104 M -— Canadian price. 103 101 Rentenbank— 1949 ...M&N 9M Durham Duplex Razor 6s 1955 Earl Fruit lstsf 5 Ms 1947-.MAN Eastern Car Co Ltd 6s 1952-J&J 104 M Eastern Corp 5s 1953 J&D 103 M Eastern Cuba Sug 7 Ms '37.M&S Eastern Dairies 6s 1949 M&N 76 Eastern Mi'g 7s ser A 1938 -J&D Eastern Racing Assn 5s 194532" East Temple Corp 6s (w s) 1941Eaton Paper 1st 5Ms 1943.M&N 103 Elec Auto-Lite deb 4s 1952-F&A Elk Horn Coal Corp— Coll s f 4s 1956 J&D 72" Empire Properties Corp 2-3s 1945 Empire Sheet A Tin Plate— 54 6s 1943— _! A&O 67 Emporium Oapwell Corp— 1st 4s 1952 46 M J&J 4% notes 1942 J&J 6 99 62 101M 57 4s w w 1948 F&A Detroit Garages 5Ms Mar 1948-Detroit Har Term 1st 6s '50.M&S f Detroit Times deb 6s to '43.M&S Deutsche anadian Vickers 6s Aug 1 1947 99 97 97 -Q-.1 5s 1940—A&O Curtis Cos 6Ms A 1947—M&N Dairyland Inc lstsf 6s 1946.M&S Danish Prod L'n Fund 5s *40.J&J Davidson Biscuit 5 Ms A '45 A&O 91M 58" 103 103 97 Cumberland Ry A Coal— 103 65 79 53 103 101 Colo Fuel & Iron s f 5s 1943.F&A 103 M income 5s 1970 An Apr f 55 M Columbia River Packers Assn— Income deb 2s Oct 1950 / 37 Columbia River Paper Mills— 6s to 1946 88 —AAO Connor Lumb A Land 6s *41 M&N 70 Oonsol Biscuit 1st 5M« B '46 MAS 101M Conv 102 M .... 101 101 Crown Cork A Seal Co Inc— 90 90 100 75" 71 65 Colliery 6s 1954...MAS / 1st M conv 39 1st & gen 5s 1957-_ J&J anadian Bakeries 6Ms '45-M&S Canadian Canners Ltd 4s'51M&N anadian Internat Paper— 1st M 6s 1949 J&J : Continental Roll A Steel Fdy— 34 f Associated Mtge Co 3Atlanta Laundries— 104 M 1946 Arnold Print Works— 63 colonial Ask 99 Q-F Q-M Q-J Q-F Q-M 6s series AO 1952.- Deb 104 104 J&D J&D 1942-45 1952 95 53 26 M Armour & Co of Delaware— / - 96 75 Byrndum Corp ext to Jan 15 1942 22 Calaveras Timber 1st 6s '38-M&N / California Consumers Corp— 25 M 1st lien 3 5s 1955— J&D Calif Cooperative Creamery— 101 1st s f 6s 1948-— A&O 100 M Deb s f guar 1943A&O 58 Calif Cotton Mills 1st 6s '40-J&J 99 Calif Dairies deb 6Ms 1942.M&N 103 Calif Group Corp 5Ms 1956 M&N Camaguey Sugar— 7s Certificates of deposit. 1942 8M 97 Campbell River Timb 6s '41-J&J Campbell Transportation Co— 101 Equip trust 4 Ms to 1946--M&S 99 M Equip trust 4s to 1951 J&J 106 M Canada Bread 6s 1941F&A Can Cementlst. 4 KsserA'fil M&N 104M 21M 25 7 93 1948 Byers Machine 3-6s 7 — 95 31 97 103 M 90 J&J Buck Hill Falls Co 6s 1959-M&N Budd (E G) Mfg 6s ext 1941 -F&A Buffalo Gen Laundr 6 Ms '41-J&D Bullock's Inc (Los Angeles)— 4% notes ser O-E to 1941 -M&N 4% notes ser F 1946 M&N Burmeister & Wain (Copenhagen) 15-yr s f extl 6s 1940 J&J Burns Bros deb 5s A 1961--M&S Burns A Co Ltd 1st s f 5s 1958 J&J Income 6s 1958 Ann, Apr Bush Term 1st 4s 1952 A&O Cons g 5s Jan 1955 J&J Bldg 1st 5s stamped 1960 A&O lit series B 102 M >/ 102M British Columbia Pulp & Paper 100 >/ >/ 32" 101M Bid Collateral Bankers Inc— 7s series A A B 19507s series O 1959 7s series D 1956 6s series A A 1953-----6s series AB 1948-— „ 102 155 L rp3- 48 62" — 100 M 95 M Aggregates Corp— Animal Trap 5s Aug 11946. Anthony (E C)— 1st s f 6s (San Fran) 1942 1st s f 6s (Los Ang) 1942. Antilla Sugar Estates— Income deb 6s 1951 (w-s) A-NY A B-NY Realization- 44 10i* Brown Coal Indus 6 Ms '/ Income 7s Jan 1 1943 M& Anaconda Copper Mining Co— Sink tuna det> 4Ms 1950--A& t—' 103 M 5s 1942 Brandram-Henderson 6s *56. J&D 93" i—. ^ O Oi OIh#. Brager E:senberg 5s 1941 — 44M ) 5M% notes 1956Am Lime A Stone 5Ms '51— Am Mach & Metals 4s 1943Amer Nat Co (Ohio)— Extended 6s stpd 1943— Amer Radiator deb 4 Ms'47 J Amer Seating 6s stpd 1946— 99 M Corp (Seattle)— )/ )/ Algoma Steel Corp Ltd— Conv 5s ser A 1948 IV! Allied St's Corpdeb4Ms'50-i Debenture 4 Ms 1951 1 Allis-Chalmers s f deb 4s *523 Alpine Montan Steel Corp— 104M 101M 6 Ms 1947. ——J&J Bloedel Donovan Lumber Mills 6s 1940-42 F&A Boston Wharf 1st 4s 1941—A&() Bowser (S F) 7s 1944--——M&N 77 Albany Perf Wrapping Corp— 1st M coll tr 6s 1948 A.i Anglo-Chilean 148 1998—-Q-Feb 4M«ser D '60--J&J 15-yr sf conv 3 Ms debs 52 AAO Cons mtge 3 Ma ser F 1959-J&J 94 61 ) Alabama By-Pi Alabama Mills See s 4^8 to 1941---J&J 3 Ms series E 1966————A&O Ex scrip Aeolian Co 6s 1944.. international 97 65 Bethlehem Steel Corp— See Investing companies Amer Bonds Clearfield Bit Coal 4s 1940--JAJ Oleve Tractor conv 5s 1945.M&N Climax Engineering 5s 1946-AAO Bethlehem Steel Co— 48 104 Amer Ask Bessemer Limestone Adams Express— American Bid Bonds Ask INDUSTRIAL AND MISCELLANEOUS BONDS / 15 45 104 M 105 25 INDUSTRIAL 82 MISCELLANEOUS BONDS & NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Ask Bid Bonds Bonds 76% 65 1st 6s European Mtge & Invest Co— / / / / 7 Ms income 1960. 1st lien 7a 1967 ser C 7s income 1967— See 105% / 100% 101% 100% 95% 68" 40 36 101% 102% 87 m m Home Serv Corp 6s 1957 / Home Service (Portland. Ore)lst coll 3-5s 1950 A m 102% 105% / 16 50 / / 25 27 26 60 98 70 General Bronze deb 6s '40—M&N General Cable Corp— 101% M&N f Gen Finance conv deb 5s "51 Gen Motors Acceptance Corp— ' 60 53 98 Inter City Western 105 6Ms 99% 41 20 M 51 International 93 M Good Hope St & Ir Wks (Germ'y) S f g 7s Oct 15 1945—A&015 f Goodrich (B F) Deb g 61945 J&D *102»m — 1st mtge 4Mb 1956 .J&D Gordon Baking Co (Mich)— 104% 5s series B 1945-50 J&D Gordon-Pagel 6s 1940-1944--J&D , \ M&S 1st 4Mb 1968 Interstate Deb Corp 103 104% 86% 95 98" 58 61 98 101 73 / 21 83 M / 49 98% / 80% / / 32 1 56 M Groc St's Prod conv 6s 1945-J&D Gulf States Steel 4%8 1901.A&O 95% Gurney Fdry Ltd 5Ms 1949-M&N 21 Gypsum Lime & Alabast— 5M8 1948 M&S 99 M Hale & Kilburn 6s '39 stmp._J&D / 20 Hall (F W) Printing Co— 1st & coll 6sstmp 1947 102 M M&N Hamilton By-Prod Coke Ovens— M&N 102 97 M Gen sinking fund 6s 1956.. A&O Hamilton Cotton 4Mb 1950-F&A Hamilton Mfg 5s w w 1951 —M&S Ham'd Standish 3-6s 1947—A&O 100% 84 25 Hansa Steamship Lines— 10-yr 6s 1939 w w A&O 97 Harborside Warehouses— Non-cum inc 6s Jan 1973— / 34% Harpen Mining Corp— 6s with warr for Am shs J&J fk 40 Hatfield-Campbell Creek Coal 1st 6 Ms 1948 —M&S / 92" 97% 48 107 104 80% 103% 7% 16 55% 1 56 102 16 7% 49 / 6s Dec 1 '48-F&A f Isotta Fraschini 7s 1942 J&D Jacobs (F L) 5M% dividend ser 1942 J&D Jefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s 1950--J&J notes 15 18 9 63 63 103 96 23 11 78 67 94% 45 55 97% / 28% 88** 20 / fk 17 July 28 fk 16% June 29 100 91 89 f 5 Ms to 1949 30 35 31% J&D 57 Marathon Pap M 5Ms'42--M&N e Marine Elev (Buff) ext 5a '52M&S / 12 Marion St'm Shovel 6s '47—A&O 70 Martin Parry Corp 1st 5s conv '44 105 Massey-Harris 1st 4 Mb 1954.M&S 94 M Matthiessen & Hegeler Zinc— Extended 3-6s 1945-— M&S 61 McCloud River Lumb 5s *48 J&J McOoll Fronteuac Oil— 1st & coll 4Ms A 1949 A&O McCoid Rad & Mfg— 6s stamped 1948- 100M 103 F&A 55 McCormicks, Ltd. 4s 1952— J&J McCrory Stores Corp— 90 M s 106% 20-yr conv deb 5Ms 1950-M&N Mead (The) Corp— 1st M 6s 1945 with warr M&N Medusa Portland Cement— 78M 104 1st conv 4-5Ms to 1945—.A&O Memphis Commercial— 100M Appeal 4Mb 1952 M&S Mengel Co conv 4 Ms 1947—M&S Merchants Distilling Corp— 5% conv deb 1947M&S Merchants Ice & Cold Storage— 1st 6Ms 1943-49 -.A&O Mercury Mills Ltd 5Ms '53-M&N Mersey Paper Ltd 5s 1957--J&D 97% Gen s f 6s ser A 1949 99% 89 90 ' 45 55 67 70 49 51 94 M&S m. w* Messenger Corp deb 4Mb '51 J&J m. 89 Messer Oil 1st & ref 6s 1942—J&J Conv s f deb 6s 1947 J&J 96 wm 93 91 98 97 — •» — m 63 6M» 1945-- ' Miehle Printing Press & Mfg— Deb 5Ms 1948 F&A 97M 103 104 40 Miller & Hart Inc. deb 6s 43 J&J filler & Lux Inc 1st M 6s '45A&0 45 / 120 7% gold notes 1935 A&O / 118 linnesota & Ontario Paper Co— 1st 6s series A 1935 A&O / 23 1st 6s series A 1945 A&O / 26% 1st 6s series B 1948 J&J / 26% 1st 6s series C 1950 M&N 1 26% 5-yr 6% notes 1931 ...M&S f 6 (inn Tribune & Manistiq Pulp & Paper 5 Ms 1941--M&S 100 tissionary Sisters (Waukegan, 111) 1st ref 3M-4s 1951...A&O 98% 86% 24% 27% 27% 27% 6% 100 78 6% notes 1st 1942 82" 94 J&D Goal—See Chic 6s Ind 1949 & L 98 Ry. A&O 117 96 103% 102 95 55 60~~ 93 95 98 1100% 1100% Coll A 2M-5s ser 1 1941 66 100 102% Cbll B 2M-5s ser 2 1946 103% 99 100% 90 69 / 21 103% 105% 105% 101 Okl — — J&D J&D C 2M-5s ser 3 1951 —J&D Coll D 2%-5s ser 4 1956 ..J&D losinee Pap Mills 1st 5s *51 A&O - Lotor Transit inc 6Ms 1952.J&J 7i"; 103% 105% 98 M 76 66 65 64 43 92 M Secured 6s 1937 J&J Deb 6Ms Jan. 1 1937 wwA&O Certificates of dppnsit 38M 2Vs 2% 97 23 f / 5% 25 102 28 (Central Funding series) Series B & O 50 21M 21M Series A & D 1st 5Ms 1961 J&J , Debenture 5s 1961 --An Apr f I Lake Superior Corporation— 1st & coll tr gold 5s 1944..J&D f 30 I Lancaster Corp 3 Ms 47% 1 Lane Bryant inc 97 — A 1949.J&J deh6s*40wwM&N 73% 35 75 36% (Hungary) 7Ms 1962,-—F&A / 99" * \ 6 82 Called Aug. 2 at 103. t Called Aug. 1 at 102%. t Called Sept. 1 at 100%. b Basis. d Called Aug. 7 at 101. JThis price includes accrued interest, k Last sale, n Nominal, a: Quoted in guilders, y Called Aug. 16 at 100%. 40 29 Maple Leaf Milling— ) Lake St John Power & Paper— I 90 65 98 100 J&J 1946 40 128 101 87 76 Lake Erie Bolt & Nut— 1 5-6s April 1 40 128% 40 Mansfield Min & Smelting— 7s without warrants 1941-M&N Middle States Petrol 20 93% T 20 7 40 Mackintosh-Hemphlll 5s'51_J&D Metropolitan Ice 7s 1954--.J&J 20" Miag Mill Mach'y 7s 1956—J&D 95 Jones & Laughlin Steel 1st mtge 4Mb ser A 1961..M&S Journal of Comm 6%s *47—J&J Kansas Pipe Line & Gas— 1 1st 5s series A w w 1952—J&J Karstadt (Rudolph) Inc— 1st 6s 1943 with Am shs-.M&N Ctfs of dep w w stpd 1943 85% 0s stamped (par $925) 1943 6s with warr (par $925) 1943— 52 Keith (B F) Corp 6s 1946-— M&S 1 Kelsey Hayes Wb'l 1st 6s '48-J&J 82 15-yr conv deb 6s 1948 J&J 33 1 Kentucky Rock Asphalt— 3 3M-6Ms 1945 J&D Keokee Cons Coke 5s 1959--J&J 60 1 96 3 Keyes Fibre 1st 6s 1939 M&N 1st 6s 1940-1949 M&N 24 Keystone Steel & Wire— 3% notes 1939-1941—.M&N 100% 4% notes 1942-1945 M&N j Kings Co Refrig 6s 1942 A&O 102% Kingsport Press 6Ms 1939--F&A I T Kingston Elevator 1st 6s '50 M&N 103 I Kinney (G R) ext 5 Ms 1941. J&D I Kirby Lumber 1st 4s 1947-J&J 16 I Knudsen Cream'y 5M8 '50-M&N I Koehring Co (Milw) 3-5s *45.J&J I Koholyt Corp 6 Ms 1943 M&S T Koppers Co 4s 1951 M&N I Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 Mc coll trust notes 1947.F&A Kreuger & Toll— June 27 5s uniform ctfs of dep 1959 La France Textile 1st 6s '42-J&D 99% 99% 91% 102% 2-5s Jan 1 '55 20 M&N A '42-J&J t deb 1951 M&N McKesson & Robbins inc— 76 94 A&O Hart Coal inc 6s 1945 ~3% 6% 15% 6% 15% 98% 98% 90% J&J J&J Iron City-Ohio River Corp— Iron City ser 6s Dec 1 '48-F&A 50~~ Grand Harris-Seybold-Potter— Cqnv s f deb 5s 1951 J&J B 1947--J&J Internal Pow & 1st M 5s 1968 48 Grand Rapids Stores Equipt Co deb 5s 1949 F&A Trunk Ry Terminal 6 Cold Stor 1st 6 Ms 1952. A&O Granite City Generating— 5s. 1963 A&O Granite City Pig Iron— Cum inc 5s 1943 M&S Graton & Knight 4Mb '51--J&D Great Lakes Paper Co Ltd— 1st s f 5s 1955.— A&O Griess-Pfleger Tan'g 5Ms'48.J&D Grigsby-Grunow conv 6s '36 M&S ser A M&S Pap of Nfld— Ohio Riv. Cum income 7s 1962 M&S Grand Rapids Operating Corp— 6s extended 1942-.--——-J&J A 1955 5s Ref mtge 6s 1955 ser 104% 102 '43-F&A Granby Consol Min & Sm 5s 1942 Grand Rapids Motor Coach— ser 5s 1947 ser A s r Interstate Zinc & Lead deb 7s '32 / Graham Paige Co 1st 6s lstsf 5s s r 1st & ref 66 102 Gotham Silk Hosiery— 5 f deb 5s w w 1946 4l" Paper— 1st & rer (Adolf) Inc— 63% 103% . 102% 5s 1941 J&J15 7 Certificates of deposit / Internal Mercantile Marine— 1st M coll trust 6s 1941.-A&O 68% •48 104% 41 80 Conv deb Globe Industrial Loan 6s 1955 Conv deb 4%s ser A 1941 _M&S Godchaux Sug 1st s f 5s *47-M&N A&O International Match Corp— Deb s f 5s 1947 M&N / Certificates of deposit / Glen Alden Coai Msf4s '65 M&S Gobel / Internal Agricultural Corp— 1st & coll tr s f 5s 1942 M&N 101% 67 M Globe Wernicke 6s Oct 1 '44. 1950 Inter lake Iron Corp— Oonv deb a f 4s 1947 80 99 / / Loew's Inc deb s f 3 Ms 1946-F&A Logan County Coal 7s 1942-M&N 5s Baking— » 64% 77 99 German Atlantic Cable 7s 1945. 97% 105 Wares— Georgia Marble 1st 6s 1950.M&N Gerlack-Barklow'Co 6s 1950-F&' 90 102% 10-year deb 3s 1946 —F&A J102M, 15-vear deb3%s 1951—.F&A 104M Gen Plastics 1st s f 5s 1948--A&0 100 Gen Rayon deb 6s 1948 w w. J&D / 73 Gen Stl Cast 1st 5%s *49 w w.J&J 64 95 94 M 108% 103 M Manhattan Refrig 5Ms 1941. J&J Ind Br'nhoist 6s Oct *54_An Apr. / 46 inland 8t/13%sser D 1961 F&a 106% Inter City Baking 5Ms 1948103 100 46 Lukens Steel 5s extend 1955 M&N 10 21 70 Industrial Acceptance 4s 1952 J&J indus Rayon 4 Ms A 1948- 59 21 129 6s series B 1943 A&O 6s series C 1946 F&A Loiillard (P) Co g 7s 1944..A&0 5s, 1951 F&A ! 103 58 38% 37% 128% 4s '47-J&D 67 F&A f independent Brewing 6s '55.J&J 109" Indian Refining 5s Dec 1 1941— 100 Indiana Ice & Fuel 6Ms '47-M&N 67 ind Limestone inc 6s 1952-.M&N / 3 Prior lien a 16s 1942 M&N 35 89 1st mtge s f 5Ms 1947 ser A. J&J 102% Gen Elec (Germany) 7s *45-J&J 15 / 53% Deb 6%s 1940--— -J&D f 56% conv 68 ilseder Steel mtge 6s 1948 88 Liquid Carbonic t 70 74 101 24 Manati Sugar 1st 7Ms '42..A&0 Ceitifieates of deposit 1st s f 4s Feb 1 1957 M&N 102»3t 101" 36 22% 23 M 22% 23% 22% 105 104 M 78 F&A 6s 1947-—A&O 1st ext'd l-4s 1956 23" Long Bell Lumb 6s sei 96 Illinois Steel deb 4 Ms 1940 .A&O II Progresso Italo-Amer Pub— 101 J&J 66 A& 43 100M J&J Steel 1st & ref 6s Jan 1949 A 101 Gen Amer Transport 3s 1940. J&J 34 Hygrade Food Products Corp— 100 M 1946—J&D 4%s Dec 15 1947J&D General 8 19 101 99 Tourneau Foundation— 4s coll trust conv 1947 66 3.25 % 102 103 99 Garlock Packing 4Mb 98% 8 / / 52 % O..J&J Gold bonds 5s 1951 Hungarian-Italian Bank Ltd- 92" 85 56 Lindsay Nunn Pub 6s 1944-.M&S Lion Oil debs 4Ms 1952 A&O 6 / 144 39 Ref 5M* series B 195 1st 5s 1940. 18 / 50 100 Galveston "Wharf Co— Ref 5Mb series A 195 / 25% 97 Libby McNeil &Libb 5s '42.A&0 Liberty Baking 6Ms 1944___M&S Liggett & Myers g 7s 1944—A&O Lincoln-Boyle Ice 21 65 Hungarian Central Mutual Credit Mfg 7s 1937 -Ja Hungarian Disc & Exch Bank— 36% 49 b 84 26 yl002#3i 98% 33% 5 f 1st mtge 6s 1946 —J& 2d mtge inc 6s Feb 1956 101 90 M 142 1943—J&D M&. M&" Hudson Coal 1st 5s 1962 A__J& Hudson River Day Line— 28% 36 45 Fraser Co 6s Jan 1 80 Houston Oil Go of Texas— 10-yr sec s f 5%s 1940 4 Ms s f debs 1954 J&D f 1st & ref 5s 1954 F&A / Stamped 1954 f 1st & ref 5s 1964 F&A / Stamped 1964 / 1st & ref 5s 1974-.F&A / Stamped 1974— f Sec 6% notes ext to 1943--J&J/ Stamped 1943 / Leonard Tietz—See Tietz Leipzig Trade Fair 7s 1953.M&N f Housing & Realty Improv— ■ 1st mtge income 1975 3"6Ms Dec 1947 Lehigh O & Nav fund 4s '48 J&J Cons s f g 4Ms 1954 J&J Le 95% 23 / 105% Inc—. 72% 450 Holly Sugar Corp— 100 Conv g 6%% notes 1946-/! Follansbee Bros 5s 1947 J x 50 71% Holland-Amer Line 6s '47-LM&N 97 4% notes 1947 M& Finland Residential Mtge BankSf6s stamped 1961 M& Firestone T & Rub 3 Mb '48—A& First Bohemian Glass Works— 100% 46 d 101 4% notes 1942. 79" 99 83 f 6s 1948 76 103% 63 s 70 93 Bid Lautaro Nitrate Co— r W^b 1954 80r Lehigh Valley Coal— 1st 5s stamped 1944. 93 76 - Bonds 1 _ 21% 77% Investing Companies 100 102M / 23 / 6 91 .f 73 Federal Screw Wks conv 6 Ms *39 3% notes 1941-1942 105% 19 75% / Hines i^and & Timber 6s '4K.. Players Canadian— 1st & coll 3 Ms 1940-1942lst & coll 4Mb 1951--——j Deb J Helvetia Coal Min 1st 5s '58_A<! 99 Frick-Reid Supply 6s f 1946 Heywood-Wakefield 5s 1946 J<! Hufhtstown Rug 6%s w w 1944. Hill Mfg Co ext 6s 1945 1 75 Flour Mills of America s Hearst Publica 6 Ms to 1947-M<! Heller (Walter El- 105 Ask 1 Haytian Corp inc 8s Oct 1938-. 16 5 16 5 Fairbanks Morse & Co— Famous Bid Hawley Pulp & Paper Co— e Called Nov. 1 at 100 to 101%. * AUG., 1939] INDUSTRIAL 83 MISCELLANEOUS BONDS & NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Nat Container deb 5 Ms '52. A&O Nat Dairy Prod 3 % s "w w*51 M&N 107M Natl Debenture Corp 3-6s 1953.. National Distillers Products— Conv 3Ms debs 1949.. 194768 Bonds Ask 108 51 104 M 104M National Fire Proofing Oo— 1st M conv 5Hs A 1946.M&N Cum conv inc 5s 1952 M&N / 94 22 98 24 / / 55 60 65" WltaiUUli BliOOJHma,IN Natl Grocers Ltd 4s 1947 A&O 101 101 / Nat Ice & Cold Storage (Calif)— 1st s f ext 3Ms-6s 1952 J&E Nat Industrial Loan 7s 1957 Nat Lock 1st ext 6s 1944.-—F&A Nat Oil Prod deb 4s 1952... J&D National Radiator Corp— 1% " M% 1940 1942 1943 48 M 55 xr 18 103 M 99 Vs 100 M 107"" 19 103 M 100M 100 % 101M 101H 101M 101M A&O A&O .A&O A&O A&O A&O 2^^1949- 50 57 100 105 A&O 1944. 1945... 6 e A&O A&O 1941... ~~ 104ji . Cum income deb 5s 1946—] National Steel Corp— 1st collM 3s 1965. ...A&O Serial notes 102 Natl Tool con v deb 6s w w *42. Nat Union Mtge 3-6s A *54.. 32M 33 75 81 95 2-5s series B 1954. Nekoosa-Edwards Pap 6s'43. 55 30 Newport Industries— Subord notes 5s 1947 N Y Dock Co 1 st g 4n 1951.F&A _ 90 93 48M 1st 6s ext 5 M% 1942 M&N 45 NYLB&W Dock & Impt— Extended at 5% to 1943..-J&J N Y Shipbuilding 1st 5s '46.M&N New York Trap Rock Corp— 105 85 88 79 62 47 Nivelie Corp 4s 1952M&N Nordberg Mfg Co 1st 6s 1943M&S 86 89 81 64 100 North American Car— Equip trust 4M« Aug 1 *39-'40_ Equip trust 4 Ms Nov 25 '39-'43 Equipt tr 4Mb 1940-47 J&D15 Equip trust 5 Ms Sept 1 '39-'44. North Amer Cement Corp— Deb 6Ms A with warr '40-M&S 6Ms 1943 M&S Income 6 Ms 1953 M&S Nor Amer Refract 6 Ms 1944. J&J North German Lloyd— 20-yr s f 6s 1947 M&N New 6-4% 1947 M&N North Western b b 4.65 4.65 4.65 b 4.65 6 98 88 / / 92"" 28 26 31 30 38M b Eq tr 3 Ms b 1939-48—A&O b Northern Klec & Nor Pap Mills— 1st 4s 1940-47 ....M&N 1st mtge 5s to 1948 M&N Debenture 6s 1943 M&N Northern Redwood Lumber— 6s 1937 J&D / N'west Pub's Deb 4 Ms 1948-J&J Northwestern Barb Wire Co— ...... 1st mtge s f 5Ms ww 1945.F&A 5Ms without warr 1945.F&A Nova Scotia S & O 5s 1959—J&J / 6s perpetual stock J&J / 1st conv s f 3 Ms 1963 J&J • — — 40M 3.50 3.75 3.50 2.75% 3.25% 3.00% 87 93 89 80 7 10 96 83 M 85 87 84 Oonv 77 } Without warrants Otis Steel 8 f 4 Ms A 1962...J&J Oxford Miami Piper 6s 1947.F&A Pacific Atlantic SS 2-5s '43.M&N / Pac Coast Cement 6s A19421J&D Pacific Coast Co 5s 1946 J&D ajg 39"" deb 6s 1944 conv A&O Paton Mfg Ltd 1st 4 Ms '56.M&S Peabody Coal Co (Consol Co)— Ists f 5s 1953 A 105 97 25 M 25 M 26 27 96 98 82 52 50 54" 53 54 90 49 75" 99M 100 M 99 100 92 94 79 81 30 101 103 M 104 38 40 101 103 75" 73 M 11* 93 99 M 100M 100M 101M 103^ 103 M 22 18* 60 88" 85 103 % 102 104 H 102 M 94 M 94 M 95 945 106 M 86 M 106 . 16M 103 100 men a 96 llH 18" 105" 1 90M 1 f' 22"" 107 — 99 76 23 62 J&D 6 Ms with warrants 1943 J&J Pub Wks (Germany)— 1st extl s f 7s 1945 F&A 76 Secured 1st a m s f Gen & ref 6Ms 1951—.M&N 0% notes 1947 J&J J&J #4 48 ser A.M&S15 99 M Stamped (July 1933 coup on) Guar s f 6 Ms 1946 ser B..A&0 Stamped 100M lsts f 4Ms 1960 Pettibone Mulliken— 6s w w 1943 i Phelps Dodge 3 Ms 1952 * J&D 107 M s c JPaUed Sept. 1 at 102M. g 109 g + Called Aug. 24 at 102M. k Last sale. nNominal. Co 5 Ms 1945—J&J 7) deb 5Ms 1943 F&A 60 40 M 23 40 57 58 12 iom 102 y8 103 H 104 106 103 M104 H 105 M 104 M 105M 104M 105 16 92 97 99 97 20 21M Canadian price, s 79 80"" 33 39 98 M 35 36 H £1* 96 53 s M&S f 5s 1948 100M 101 1937. - A&O 66 69 91 92 1 M&S / 4 Sugar Pine Lumber Co— 1st M serial 6s 1932-1942.M&S / 80 dep. 5s conv deb F&A 1951 A ser M&N V 20 26M Superior Elev & Fwdg -M&N / 34 Sink fund deb 5s 1938...J&D Swift & Oo 3 Ms I960.. -M&N Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel— Coll inc 7 Ms July 1 1958—A&O f Tenn Tenn Coal & RR 5s 1951..J&J 4 107 107 M 95 M 55 60 129 Copper & Chemical— M&S J&J i02% 70 A&O Warehouse 2d 5s '42..J&J Texas Oorp deb 3H8 1951—J&D 3% debentures 1959 —A&O Thermoid Co 5s w w 1951—J&D 103 49 105 M 105M 81 52 105 M 105 M M&S Ticonderoga Pulp & Paper 6s 194n Tide Water Assoc Oil 3 M* '52&Jj Tietz (Leonard) 7Ms x-w '46. J& Tilden Lumb & Mills 6 Ms'46M&S Tlvoli Brewing conv 5s 1947 J&D Tomahawk Kraft Paper— 1st 5s (with stk) 1951 ...A&O Trask Timber lit 3s 1944 J&D Uchi Gold Mines 1st 6s 1941 J&D Ulen & Co— Conv 6s 4th stamp 1950..F&A — 99 82 M 102 97 105M 106"" 28 40 16 20 75 58 60 60 97 98"" 40 47 M 49 M 44 F&A 114M 114M 15-yr 3 Ms deb 1952 J&J Union Rock 1st 6s s f 1947—M&S Union Term Coal Stor 6s '39.F&A 106 H 106«n 21 100 United Amusement Corp— 1 st s f 5s ser A1956 F&A 102M 105 107 fi 108M 1942 ser A 19 109 M 102 M t Called July 31 at 100. r 92 M 32M 98 M 129 M c /This price includes accrued interest, 22 M „ M&S f 36 J&D 108M 10 United Biscuit deb 5s 1950--A&O 23" 5 Pennsylvania Glass Sand Corp— 1st 1st mtges f 5Ms ww 1949.A&O Studebaker Corp 6s 1945 J&J 6s May 1 7M Properties— f 3-4s 1961 6s 1941 2d Unified Deben Corp 5s 1955.. Union Oil Oo of California— ixon Pennsylvania-Dixie Cement Corp Stern Brothers 6s s f 1947 J&D Stevens & Thompson Pap 6s 1942 Stillwater Worsted Mills— Deb 5Ms A1943— —F&A Stinnes (Hugo) Corp— 1st s f 6Ms ser A 1951 90 Penn Mercantile 69 Three Rivers Grain & Elevator— 10 100 zlOO 94 22" 95 I J&J J&J J&J —J&J Stand Textile Prod 6Ms '42 M&S Stanley Co (Camden) 6s '40 J&D Stanley Crandall 6s 1946.-F&A Stanly-Rowl-Ciark 6s 1946 F&A Starrett Corporation— Secured cum inc 3-5s Apr 1950 Term 30 25 51 Penn Amer Coal 6s 1941-56—J&J 80 80 90 90 . J&J 1M% 1943 4MB 1948— 91 Peerless Cement 1st 5s 1948--J&J Penman's Ltd 1st 5Ms '51—M&N 75 75 87 101 Term Refrig & Warehouse Oorp— 1st extd 6s stamped 1945.M&N 93M 83 99 M 20 Oonv deb 6s 1944 ser B Tenn Prod 1st 6 Ms 1936.. 105 M 21 t Louis Gas & Coke Corit— 47 95 106M 102M Susquehanna Silk Mills— 102 50 45 106 f 6s 1947 . 70 105 H Spalding (A G) & Bros 5s '89M&N / 103 M Spang Ohalf't & Co 1st 5s '48 J&J 100 M Square D Oo deb 5s A 1945.-F&A 105M Staley (A E) 1st mtge 4s '46.F&A 10 Standard Ice 1st 6s 1947..—F&A Standard Oil (N J) deb 3s *61- J&D 105|« 105 % 15-yr 2Mb deb 1953——J&J 6s Jan 1 1951 Sahara Coal inc deb fis '40.M&N S / s 104 100M Sunray Oil Corp— 105 100 10 83 A&O 1st M 103 M 39 H Oonv income 5s 1944 Extended 3-5s 35 21 114M 104 M Summerfield Hecht— 45 32 .J&J 104 114 114 100M 104 57 Southern United Ice Co— 1st 4s w s 1950 -A&O Southwest Dairy Products-— 1st 7s 1942 ctfs of 108 39 i07M ..A&O 2M II— 99 M 72"" 97 100 Sugar Estates of Oriente— 1 / (Portland Me) 4s 1958.—A&O da 75 92M. 1946—J&D Southern New England Ice— 1st s f 4 Ms 1967-A&O Stutz Motor Oar 7 Ms 1942—.J&D30 I at. 4.25% Struthers Wells Titusville— July 12 10 78 ITitrnnco 5s '41. / 102 40 101 / 39 fjc 31 / 5 M ( !laiP Simpsons Ltd— 1st & coll 4Mb A 1951 J&J Skelly Oil deb 4s 1951 J&J Smith (Howard) Paper Mills Ltd 1st 4Mb 1951 J&D Smith (L O) & Corona Typewr'rs Deb 2% to 4M % to 1946—_J&J Smith & Wesson 5 Ms 1948 J&J Socony-Vacuum Oil Co— 3s debentures 1964. J&J Solvay Amer Corp 4s 1954--M&S d South Coast Oorp— Gen mtge inc 6s April 1950.—. Southern Advance Bag & Paper— lstsf 6s 1947 .J&D Southern Brighton Mills— 1st gtd 7s 1940 J&D 1st gtd 6 Ms 1940 J&D Sou Tee & Util conv 6s 1946.F&A Southern Ice Co— 1st & ref 5-8s 1942 A&O stamped 1946 A&O Stinnes (Hugo) Industries— 2d stamped 1940 J&J Strange (John) Paper 6s '44 J&J Strawbridge & Clothier— 100 M 99 99 100 4f. 4.25% — 100 85 60 M Deb g s f 6 Ms *51 with war M&S Ann Apr / 450 100 7s 1940 J&J 68 Stgnode Steel Strap 3Ms '45.A&O 61 Silesian-Am Gorp 7s 1941—F&A 95 flilverw'd Dairies 5s '41 to '51 J&J Simmons Co Conv deb 4s'52A&O 99 M 2% 1944 2M% 1945 2*A% 1946 2M% 1947 103 M 103 M 103 M 73" 52 5.00 5.00 96 M 76M Shuron-Optical 6s 1951—-- Serial notes 102 M 34 71 Shippers Car LineEquip trust 5s E1940-42.'.A&O 6 6 Equip trust 5s F1940-45.- Southwestern Devel 4s 1943-J&J S'west Lumb Mills 5s 1955. .M&N 102 H 103 99 77 M 82 85 1st leasehold 4 Ms 20M M&S Rocky Mtn Fuel 5s 1943 15-year 3Ms debs 1951—-M&S t 102% 96 M 2Ms debs 1954 J* ~ Sheridan-Wyoming Coal Co— 1st s f 6s 1947 J&J 81M Steel Co of Can 6s 1940....J&J 1952 June 99 Southern Improvement 1st Southern Kraft Oorp— 87 65 93 92 111 ser .M&N 6s 58"* 56 97 M _ 51 45 83 70 River Raisin Pap lsc 6s *45.-F&A Roberts & Oake (Chi) 6s '44.M&N Roch & Pitts C & I 5s 1940-M&N 99 25 20 96 Paramount Pictures 6s 1955.J&J t Conv deb 3 Ms 1947 M&S Parmelee Transportation Co— 1st 33 7-yr div notes 3 Ms 1944—J&D 8 f 102 95 93 M ichmond Radiator 5s 1948 M&N Rima Steel Corp 1st s f 7s '55 F&A Riordon Pulp & Paper Ltd— 33M 35 35 Panhandle Eastern Pipe Line— 1st mtge & Uen 4s 1952...M&S Paramount Famous Lasky 6s 1947 Paramount Publix 5Ms 1950-—. f 4s Ask 69 Deb 6s 2930 98" Richmond Hos Mills 5s 1948-F&A Richmond (Va) Ice 6 Ms *42.A&O 1st & ref 5-6 Ms 1947 A&O 12 97 Pan-Amer Industrial 7s '37.M&S / Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 / Certificates of deposit. / Pan Amer Petroleum & Transpt— 7-yr div notes 3 Mb 1943—J&D _ 94M 105 36 82" 8 31M 1948 Oregon-Am Lumber 6s 1942. A&O Oregon Pulp & P 6s to '45--M&N Oreg Terminals inc 5s 1945.. A&O Orono Pulp & Paper— 68 stamped 1943 J&J / Osgood Co dob g 6s 1943 .J&D Oswego FallsCorp 4 Ms 1952.M&S s Bid ScuIIIn Steel 1st 6s 1941 A&O f 1st conv 3-6s 1951..— A&O Securities Accept Corp fis '46 J&D 4hell Union Oil Corp— Siemens & Halske— 84M 95 O'Connor Moffat deb 6s 1948F&A O'Gara Coal 1st inc 5s 1955 M&S / Ohio Forge & Mach 6s 1951.-J&J 1953.. 105M Richfield Oil of California— 95 35 OceanSSCo (Savannah) 5s '43J&J Old Ben Coal Corp 6s (w s) Inc deb 7 Ms (w s) Aug 1 95 103 - ?0-yr deb 4 M> w w 1956-.M&P 4 Ms without warr'ts 1956 M&S Republic Steel Corp— Gen mtge 4Ms ser B 1961.F&A Gen mtge 4Ms ser O 1956 M&N Purchase money 5Ms "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 Rheem Mfg conv 5s 1948...A&0 Rheinelbe Union 7s 1946 J&J Rhine-Main-Danube 7s '50 M&S Rhode Island Ice 5s w-s '51..F&A Richardson & Boynton Co— Cum income 4s 1945.. J&J Refrigerator Line ser K "4" 2 Remington Hand Inc— / 100 Equip trust 4s ser I Jan 1 *40-*43 Equip tr 4s ser J 1939-46.J&D M 4.00% 4.00% 4.00% 4.00% 21 91 109 Quincy Market Cold Storage & Warehouse 1st 5Ms 1946.M&N R&dio-Keith-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid— Debenture gold 6s 1941..J&D 6s stamped 1941 J&D Midwest Corp ref 6s 1940.M&N Railway Express Agency I be— Serial notes % % Dec 1 1939... M-l% June 1 & Dec 1 19401 M-l M % June 1 & Dec 1 '41 1 M-l M % June 1 & Dec 1 '42 1 M-l % % June 1 & Dec 1 *43 1 M-2% June 1 & Dec 1 1944. 2-2 M % June 1 & Dec 1 19452 M-2 M % June 1 & Dec 1 '46 2 M-2 M % June 1 & Dec 1 '47 2 M-2_M % June 1 & Dec 1 '48 Railway Whouse 4-6s (w-s) *47. Realty Bond & Mtge deo 3-6s '53. Reliance Grain Ltd 4Mb 1952.J&J 97 6s stamped 1946 J&D Partic deb 2d mtge 7s 1946 J&D New York World's Fair 1939— 19 3 Purity Bakeries 5s 1948 J&J Quaker City Cold Storage— 1st* f-5s 1953 M&N A&O 3M , 102 109 M 103 M 1st 3s 1940 M&S 1st 3 Ms 1941-1943 M&S 1st 5s 1957 —-M&S 2d conv deb 4s 1957 M&S Produce Term & Cold Storage— 1st Income 6s 1958...—.J&D ^rotestant Church of Germany— 7s 1946 A&O Prov Paper Ltd 5Ms 1947—M&N 94 New Eng Laundries 5s 1956.«»(*u New Niquero Sitg 3^s 1940..J&J 3* Pressed Steel Oar Co 5s '51--J&J Price Bros & Oo Ltd— 90 11H 100 109 M Potrero Sug 7s stmp 1947.-M&N Pratt Cons Coal 1st s f 5s 55 J&J 35"" Bonds Ask 105 — 3-6s 1953 102M A&O National Terminals Corp— Gen & coll s f 6Ms 1940— .A&O / Coll tr s f 6Ms 1943 A&O / Conv 5% notes 1947 NYLE&WC & RR— Bid 1973- J&J Conv deb 6s 1949—-——M&S Phillips Elec Works 5s 1953 F&A Phillips Petr 3s conv deb '48-M&S Phoenix Iron J st s f 6s 1940.M&N Phoenix Silk Mfg 7s 1943.. JP&A Pickering Lumber 6s A 46- -M&N Pierce Butler & Pierce 6 Ms'42— Pine Hill Collieries 1st 6s *42 A&O Plreili Co of Italy con 7a 52 M&N Pittsn Brewing 6s Feb 4 49...T&J Pittsburgh Coal deb 6s 49. .F&A Pittsburgh Coke & Iron Co— 1st mtge conv 4 Ms 1952—.M&S Pitts Crucible Steel 5s to 45.M&S Pitts Steel s f 6s 1948. .F&A Pocahontas Consol Collieries— 1st gold 5s 1957—...... J&J Poor & Co s f deb 4s 1940..-A&O Portld Woolen Mills 6 Ms'41 M&N Porto Rican Amer Tobacco— Conv 6s 1942 -J&J 6s stamped 1942 — Port Royal Pulp & Paper— 5s to 1941 M&S Potomac Bond Corp 2-5s 1953... Potomac Cons Deb Corp 3-6s *53. Potomac Deb Corp 3-6s 1953.—. Potomac Franklin Deb 3-6s 1953. Potomac Md Deb Corp 3-6s 1953 Potomac Realty Atl Deb Corp— Phila & Read O & I 5s 85 M b Basis, Sale price. d Called July 31 at 102M. e Called Aug. 1 at^lOO. zOalled Aug. 1 at 100. y Called July 31 at 26 M • MISCELLANEOUS BONDS INDUSTRIAL & 84 "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 prices are Bid Bonds United Cigar-Whelan Stores— S f 5s Oct 1 1952 --A&0 United dorps Ltd inc 5s 1953 F&A United Elec Goal Cos inc 7s 1946. United Drugs 5s 1953 M&S15 United Grain Growers Ltd— 5s series A 1948 -J&4 _ 76 96 78 98" 82M 85 95 M 97 96 97 94 93 26 28 M / / U S Cold Storage(Ohg)6s'45- J&J U S Cold Storage (Kan City) 100 1st sink fund 6s ser A1946.! 1st sink fund ser B 1949..F&A 35 35 101M 100 100 U S Finishing 5s 1944 5 —J&J / 90 U S Print & Litho 6s 1950—A&O U S Radiator dorp— 52 conv deb s f 5s 1946...—F&A 106 U S Steel dorp 3 Ms debs '48 J&D United Steel Works (Germany)— 6M& series A 1951 J&D 6 Ms series O 1951 J&D 6Ms series A 1947 ...J&J United Stockyards Oorp— 15-yr coll tr 4 Ms A ww '51 A&O United Wall Paper Fac 6s 1947— Universal Sewer Pipe 6s 1943.J&J Utah Ice & Storage (Golo)— 4-5s J&D 1954— w* 104 35 63 Utah-Idaho Sugar 5s 1946--M&S 101 Utilities Elkhorn Goal 6s 1948 J&J / 68 98 Valvoline Oil ext 5s 1947-M&N Vanadium dorp of America— Gonv deb 5s 1941 A&O 101M 87 Van damp's Inc 1st 6s 1943..J&J 55 Van Dorn Iron Wks 7s June 11942 Vertientes-Gamaguey Sugar— 1st coll conv 5s 1951 A&O Vertientes Sugar 1st 7s 1942 _ 95 Gertificates of deposit/ 8M 100 Viau Biscuit dorp 6 Ms '46..J&J Vicana Sugar Go 6s 1255 J&J t J* Victor Amer Fuel 6s 1940---F&A / 20 37 M Victor Fuel 1st s f g 5s 1953--J&J Va Hardwood Lumber 6s '42. J&D 88* 30 Va Iron Goal & Goke 5s '49-M&S - — 54 106 M 75 99 Warner-Quinlan Go 6s 1939.M&S Warner Sugar Oorp 7s 1939-J&J 65 35 32 30 31 M&S M&N it* 88" 104M W Va 107M 38M 21 102 .... 37"" Commodity Exch.. 946 60 103 Cleveland Stk Exch Detroit Stock Exch Ft Worth Gr & Cot Kan Oity (Bd of Tr) Los Ang Stock Exch 97 11M 11M 90"" 103M Milw Grain & Stk. Minn Oh of Comm. Minn-St P Stk Ex. Montreal Stock Ex. New Orl Cotton Ex New Orl Stock Ex. Phila Stock Exch.. Pittsb Stock Exch. St Louis Exchange. Salt Lake Stock Ex. J&D 825 325 1,500 b Basis. /This price includes accrued interest, 1944 k Last sale, n Nominal, r 1,500 2,000 s 97 87 M 90 106 106 M 105 M 105 M 42,000 7,000 2,100 60,000 7,700 2,500 "800 "850 2,000 1,350 3,500 1,500 l",500 1,700 3,500 750 650 350 75 158 523 18 150 1,100 1,000 39,000 710 105 1,000 v80 500 70 200 100 45 "150 1,000 500 900 500 400 l",666 25,000 40,000 3~,666 5".66O 18,000 250 113 40 26,000 350 463 3,100 Ex-interest, 1,100 "800 500 69 % 41250 750 44 32 Sale price. 600 1,800 4,200 1,750 Washington Stk Ex Canadian price, 42 94 M 550 213 San Fran Stock Ex. 88 w 41 475 4,000 41 60 66 Seattle Curb & M_ J Toronto Stock Exch 57 6Ms w 107 90 260 Winnipeg Gr Exch. 50 105 8,000 Boston Stock Exch. 139 Chicago Bd of Tr_. 1,549 Chic Merc Exch... 473 Chicago Stock Exch 352 Seattle Stock Exch 1 Extend income 6s 1963..-M&N Woodland Farm Dairy— 7,200 2,500 NY Prod Exch-.—1,500 Assoc membersh. Baltimore Stk Exch 76 100 M 70 Wise Lime & Cement 6s '38.A&0 Witherbee Sherman Inc— l6l"" Exch...1,375 $62,000 450 344 550 65 —M&S 5Ms 1943 92 No. Last Sale N Y Stock N Y Cotton Exch.. N Y Gof & Sug Ex. N Y Curb Exch 97 Wilson (W P) inc 6 Ms 1945.M&N Winslow Br<?s & Smith— 33"" 93 92 106 EXCHANGE SEATS Watab Paper 1st 6Ms 1942--J&J 80 Webster O&G 1st g 5s '42 op M&S 85 West Boylston Mfg 7s 1942--J&J 102 M West Indies Sugar 6s 1947. _A&0 93 West Va Pgh Goal 6s 1947 / 1 Wilbur-Suchard 4s 1952 Wilson & Go 4s ser A 1955—J&J Gonv debs 3Ms 1947 A&O 94 A&O ' 89 101 . 4M 1st leasehold,5s 1946 38 99 87 M&N Ask Wyoming Valley Collieries— Yates-Am Mach 3-6Ms '44.A&O York Ice Mach 6s 1947A&O Debenture 6s 1943 .J&D Youngstown Sheet & Tube— 1st M « f 4s ser G 1961 M&N Gonv 4s debs 1948. ......M&S 41M §§* 36 M&S Bid Woods Mfg Go Ltd— 1st 3s to 1941— ..J&J 3 Ms series A 1942-1945—_J&J 4s series A 1946-1947 J&J 4 Ms series A 1952 J&J Woodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962—Ann Apr Woodward & Tier nan Print— 6s 1942 J&J 80 60 90 63 A&O Warren Bros Go— Gonv s f deb 6s 1941 5 Ms notes 1937 Warren (S D) Go— 105 M Pulp & Paper 4 Ms *52 J&D 106M Western Dairies Prod 6 Ms '41 J&D 101 Western Grain Co 6s 1949—J&J / 35 88 M Western Newspaper Union— Conv deb 6s 1944 F&A 105 58M Western Steel Products— 42 GensfSs Jan 311956__—QFeb r 50 Weyenberg Shoe Mfg— Debenture 4Ms 1945.....J&D 101M Wheeling Steel Corp— 1st M s f 4 Ms se* A 1966—F&A 96 M Whitaker Paper 7s 1942 111 M&N White Sewing Machine— 105 Deb 6s 1940M&N 100 M Wickwire Spencer Steel— 7s certificates of deposit 1935— 10M Prior lien 7s certificates 1935 10 M 5-year 7s ser A 1930 J&J / 15 M Secured 6s 1945 88 11 M&S Vulcanite Portland dement— 1st 7Ms 1943.... M&N Wabasso Got'n 3 M-4 Ms '51 F&A Walker Goal & Ice 8s 1940-.M&S / 6s debentures 1948...... .M&S Warner Co 1st 6s 1944 Bonds Ask Walker (Hiram)-G & W— Deb 4 Ms 1945 J&D 105M Waltham W'tch & Gl'k 6s '43 J&D 104 Walton Lumber 1st 6 Ms '41 Q-Jan / 45 Walworth Go 6s s f deb 1955-A&0 58 M 58 M 20-yr 1st mtge 4s 1955-.—A&O Warner Bros Pictures— 1st mtge s f 4 Ms 1952 Gonv deb 4 Ms 1952 39 I:::: Bid Bond* Ask y "300 80 seats, 70 members. Quotations are for the last day of the month preceding the date of issue. Bid. Bonds 22 Burlington 5s and 4 Ms Central Illinois 5s........ Chicago 4Ms 5s and 5 Ms — 3s 26 25 5M 23 3M 3M 101M ....... Dallas 101M ..... 100 100 Denver 3s First Garolinas 5s 4Ms 1 100 M 100 —. Fremont 5s 101M 101 100M 102 84 4Ms 5s——— 85 86 99 of Sioux oitv 4 Ms... 94 Illinois ; »wa 101 102 100 100 First of New Orleans 5s... First Texas of Houston 5s. Fletcher 3 Ms Sifdwest f Flat price, s 4Ms ... ... 91 — 5s 5 Ms 92 93 - 99 Montgomery 3s—...... New York 5s 100 99 ) 99 M ... North Carolina 3s — / 40 Pacific Coast of Portland 5s 100 ......— 4MB 98 4Ms Lincoln 100 Phoenix 4Ms——— 5s 105 M 107 M 100 Potomac 3s St Louis 4Mb and 5s— San Antonio 3s 101M 95 96 Virginian 3s Atlanta 102 100 102 45 101 Atlantic 107 M Dallas Southwest 5s Southern Minnesota 5s 65 88 Potomac 14 San Antonio 12 M ____100 100 75 55 125 40 60 65 7 1 ...... 2M 2 New York. 100 North Carolina......... Pennsylvania.. .... 100 4 12 ....... 15 70 80 100 5 ....... 22 27 100 .... —...—.. Virginia Virginia-Carolina 101 97 45 .......... Denver Des Moines First Garolinas Freemont Lincoln 101 115 .......... 23 / 102 Par — ... 109 101 25 / 101 99 M 100 ..... STOCKS 101"" Ask 99 Union of Detroit 4Ms... 5s 100 85 - Bid Stocks. Ask. 101 — Ohio-Pennsylvania 5s— Oregon-Washington 5s First Trust of Chicago— 4Mb Lafayette 5s.. 5M 102M 101M 101M Bid. Bonds. Ask. 100 Atlantic 3s... 110 74 1.75 100 Par Bid 77 2.00 85 Ex-dividend. Investing Companies Stocks and Bonds Concluded from page 72 Stocks and Bonds Par Per Spanish & Gen Oorp Ltd— Am dep rets ord reg £1 Amer dep rets ord bearer...£1 Spencer Trask Fund Inc ♦ Standard Amer Trust Shares 1 Standard Investing Gorp com..* $5.50 preferred w w * Deb 5Ms 1939 F&A 15 Stocks and Bonds Ask Bid 12* Third National Investors 1 Tobacco & Allied Stocks Inc—. * Tobacco Securities Trust Ltd— H Standard Utilities Inc .....50c ♦State St Investment Corp...—* 80 M 83 Suburban Elec. Securities...—* 55c 80c $4 cum 2d preferred ....* Super Gorp of Amer class A...2 Glass AA Class B .... 1 2 Supervised Shares... 1 Talcott (James) com 9 5M% partic preferred....—50 A 36 3.57 2.50 3.74 10.08 A* 42 44 £1 £1 13M 1M 14M 1M 2 Tri-Oontinental Corp.......... * lH Am dep rets ordinary— Am dep rets deferred Transamerica Oorp 6% preferred * -— 1953 J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares—..25c Trustee N Y Bank Shares....50c Trustee Stand Invest ser C.....1 Trustee 6 43 Quotations not furnished by sponsor or issuer. cum Warrants 5s conv deb 5M 87 > 108 57c 63c 87c 1.29 97c 1.34 2.51 2.45 5.27 1 5.00 Series B * No 81 106^ Standard Oil shares A..1 —.... par value, e Ex-c 1 upons Stocks and Bonds Per Ask share Union Investment common.. -—* 65"" Class D 10.96 Ask share 62*" 16.04 3.59 13 100 62c Bid Per share Ms M 15.14 3.49 Par / Flat price, Conv deb 5s 1946 M&S United N Y Bank Shares G3—* U S Elec Light & Pow tr ctf A—* Trust ctfs series B .... Voting shares U S & Foreign Securities com..* $6 1st preferred ——* U. S. & International Sec......* 1st pref with warrants.—---* 5 Utility Equities Corp.— $5.50 priority stock —* Utility & Industrial Gorp——6 Convertible preferred 7 Wellington Fund .....1 Western Reserve Investing—• Deb 5Ms 1944———F&A Wisconsin Bankshares—......* k Last sale n Nominal, x 95 97 1 M 16M 2.37 1.01 «ll* 1M 52 l*o 13.66 102 4M Ex-dividend. 4M 1 / Quotation* for all securities Stocks Par Bid Ask Per Stocks Par Per $1% 64 JX 20 65 ** 22 1 3% 100 10 4 3% 10% 4 11% Fine 6 Spinning Co....* 6 60 65 81 86 65"" 18 70 Wiscassett Mills Woodside Cotton.20 Bourne Mills .* Cotton Alaska Juneau 6 % preferred. .100 Fairforest Finish Co 109 '6% 17% 50 14 Granteville Mfg. .20 Grendel Mills— 75* kkA 5% 5% 24% 5% 1H Nashua M (N H) 100 Preferred 100 2nd preferred 1 Nebel (Oscar) pref_ * Preferred 20 Hanes (F H) Knit.5 7 % preferred 100 Hanover Mills— * Com class B * 19% 18% 46 * 20% 19% 48% 12 6% prior pref..50 13 Patchogue Plymouth 1 13 100 .100 Pilgrim Mills 100 Plymouth Cord.. 100 71 Mills com Pepperell Mfg Pierce Mfg., 17 28 9 11 113 116 15 _ 6% preferred 74 ■IK 2 25 76"" 78 Powdrell Sc Alexander 95 82 4% 4% 14 lch Borden Mfg guissett Mills 100 5 29 75 ..... * 8 9 14% 14% 16 16 Mill ...100 23 33 37 19 21 (F W) Mfg.. 100 Rhodiss Mills 7% pf 20 23 Stroock (S) & Co..* Tubize Chatillon__l Class A 8% .1 9% 11% 36 76 83** Cotton Mills.. 100 W»msutta M. .100 29 31 Wayne Knit Mills.5 13 7% preferred. .100 Utica Sc Mohawk 5% 6% 13% 20 1 3 9 Acme Spinning..... Alabama Mills * Amer Yarn Sc Proc_. 95 100 2 1! 49 55 Anderson Cotton Mills Appleton Co Preferred Arcade Cotton Mills... 100 19"" 50 57 88 62"" 110 23 20 65 Stowe 95 92" 7% preferred Belton Mills(SO)_25 Preferred Bibb Mfg 100 97 8** 86 90 3 32 40 a Purchaser also pays value. 12 20 6% 64 49 34% 6% 3% 12% 7% .% 1% 1 10c King David Min.50c 1% 70 75 115 121 17 19 1% 30c 42* Lucky Tiger Comb Gold Mining 38"" 20c 40c 50 60 5 7 5 Mines 19 a 12 a 26 100 100 OhicR ETrus's. 100 a 12 a 7 City RET (0..500 Congress St Associ¬ a 100 Boston Wharf Cent BldgTr 5 a 2 (Boston).lOO a Factory Bldg Tr.100 Fifty Associates (B). Hotel Tr (Boston) 100 Kimball Bldg Tr 100 a 3 a 350 ates 8 a a ... 3 TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS Bankers Bond Sc 94 — ¥ 1 11 Home Title Ins (NY) Title Guar & Trust of New York ** 20 4% 4% INDUSTRIAL AND 58% 1% 1% 8% 4c 10c 4 4% 54 55 73 74% 40 New Riv<r Co .100 100 55 1% 1* IK 7 60 97" n Nominal. 30c 64 40c 64** 140 Abercrombie & Fitch Common l $6 preferred 75 7 11 66 72 conv Aberfoyle Mfg.. 100 Preferred. 100 Abitioi Pow & Pap.* 6% preferred .100 7 % preferred—100 65 55 % o y% 1 R u 4 Abraham & Straus. * Acme Steel 25 42** 36** 16** 9J* 44** 38*4 17** lim 22 Acme Wire _Il0 Adams (J D) Mfg—* Adams Express See 11 7 23% 6*4 t Investing Cos. Adams Millis Adams Oil Sc Addressograph * Gas.* 5% Mul- tigraph Corp.,. 10 Advance Aluminum Castings com...5 Advance Rumely..* Aeolian Co— 6% preferred A.50 Aero Supply Mfg— Class Anew 1 Class B 21 2% 2% 4 20 1 3** Aeronautical Corp.l Aetna Bali Bear 1 "§"" new Brewery....1 5c Aetna Rubber * Preferred Aetna Stand Engine* 22 2** 3 5% 22 3% J* 20c ... Mining. 10 k Last sale. .» Lab'fcories.* 132 17 Aetna Newmont Preferred B Stove Abbott 25c Mt City Copper..5c National Tunnel 76 - 34 and Mines com..* New Jersey Zinc. .25 90 .- % 57% 8% lc new 5 95 118 / Fiat price. % 33% Canada........* Mother Load Ooall'n 3l" 80c 4% Magma Copper OolO Mayflower-Old Colony Copper.25 McIntyrePorcupine5 Miami Copper 5 Mining Corp of 60 1 % 10 38 30 1st M 6s Jan 1941 Wallace Mfg Co accrued dividend. * Inspiration Cons 70c Mfg 100 7% preferred.. 100 Without par 5% 2% Lane Rincon Minesl Lava Cap Gold Mini Louisiana L'd & Ex 1 Ware Shoals * 34 Sc Smelting.; * Idaho Md Mines.. 1 12"" 28 18" Howe Sound Co 5 Hudson Bay Min 41 Victor-Monagh'n 100 7 % preferred. .100 Victory Yarn Mills— 17% 63% 48% 12K Lake Shore Mines. 1 13 74"" .... 7 55"" 7% preferred-. 100 common 30c 2d 5% pref... 100 Burlington Mills... 1 Calhoun Mills....50 W'h'se.lOO a 365* Common 10 1st 7% pref... 100 21 TjfBosl-lOO a pfd 100 Abbotts' Dairy * 15c 84" 79 18 Bos R E 4**% 36% % 10 Union-Buffalo Mills 33 Brandon Corp A.100 Class B * 1 5 Bd ofTr Bid Tr.100 Bos Gr'd R'T Tr 100 _ 15% Kennecott Copper.* KUdun Mining 1 7 5 3 7 100 Textiles Inc com.. 10 Class A pref 100 Class B pref 50 Beaumont Mfg Mining Co. MISCELLANEOUS 6% 15% 21 Spinning 8 1% 8% 29 25 Kirkland LakeGold 1 6% 6% 6% Power common..5 Copper Co. ...100 Hecla Mining 25c Hollinger Mines 5 124 - 10 20 25 1% Granby Cons MSA Greene Cananea 20% 20 70c" REAL ESTATE TR & LAND STOCKS % 121K Sterling Spinning Avondale Mills.... 1 % $6 preferred 1 Isle Royale Cop..25 Jardlne Mining....1 - 99 Startex Mills 45% 7 ' - 7% preferred 100 97 1 . 44 1 Copper Southern Weaving.* Southern Worsted— 1st mtge notes 35 1% 65c Mortgage Guar. * Empire Title &Gul00 Internatl Mining..! Warrants Island Creek Coal.l 6 93 % 110 105 9 1% * 33 9% 2% H 1 Mines 65"" 57 100 20 16 99 68 * 10c 33 5c Smelting com..10 Golden Cycle OorplO Illinois Zinc 100 80c Homestake Mines 102 .100 Zinc, Inc Federal Mining & 53 40 22 6% preferred.. 100 Spartan Mills 60, 70c Goldfleld Consol 45 — 6 E vans-Wallower Rowan Cotton Mills Saxon Mills.. 50 Smyre (A M) Mfg 10 7% preferred com. % 4% 1% % 1% 7% preferred-.100 Process "6% 1 Eagle Pith Lead..10 Southern Franklin 5 % 3% Evans Wall Lead— 7 % preferred-. 100 "47" Riverside & Dan Riv Common 25 35*' 45 45 47 Southern Bleaehery 6 Print Wks—• Preferred Southern Hills Abbeville Mills 44 103 Riverdale Mills— _ Mfg Poe % % 6% Mexicans. _50c Dome Mines Ltd..* 3 Mining Bos Stor . 6*| 2% % 10 % Yukon Pacific 36% % Consol Copper 6 Cons Min & Smelt .5 IK Sanford Mills * Scranton Lace * Soule Mill (N B)_100 1 4% 30 5 Land 25 White Knob Copper Preferred 10 Wright Hargreaves Mines * 5% 50c 32% 9% Nat Yarn Mills...50 7% preferred Pacolet Mfg .100 7% preferred.. 100 Perfection Spinning. 3 % 5% % Clear Creek Cons— Common 10c Cliff Mining.....25 15% 12c 37 Tonopah Mining. .1 Cusi 27 Mills. .100 Mooresville Cotton. 10$ Sunshine Mining. 10c a. 18 55 80 Monarch 5% 2% 35c _ 75c 29 58 85 51 ~6% 13% 30 45c" 1 5 Silver King Coal 5 So Am Gold & Plat. 1 Stand Silver-Lead. 1 1 38 98 4 Seneca Copper. Shattuck Denn 24 25 May Hos'y Mills 100 $4 preferred... Mills Mill pref..100 8c 36 20c Oresson Consolidated Gold Min &M..1 60 14% . 10 110 20 Majestic Mfg Marion Mfg Co Marlboro O Mills Joseph Lead Utah Copper Co..10 Utah Metal & Tun.l Walker Mining 1 Chief Consol Min. 1 Chile Copper 25 36 snares. St Anth Gold M...1 United Verde Ext50c 36 31 Laurens C M. 100 Limestone Cot Mills Linford Mills. Quincy 25 Roan Antelope Min 35c * Copper Corp Copper Canyon. 10c Copper Range ..* Cornucopia Gold-5c 50 10% i% IK 7% 13% 2% Co 1 Calumet Sc Hecla..5 1 Central Am Mines. 1 Central Eureka. 1 Cerro de Pasco 45 45 k 9% 1% i * 23% r Butte & Sup 10 Callahan Zino-Lead 40 King (J P) Mfg. ,100 Lanett Bleaehery & Dye Works com 10 2% .1% & 25c C2% Co .5 99 Judson Mills A pflOO Preferred B 100 Piedmont 5 Bunker Hill 6 Sull'n M & Butte Cop & Z 1% Union Copper Black Hawk Consol Mines 1 Bulolo Gold Dredg¬ 94"" Preferred Pickens Mfg 80 60 . Common 8 37 55 50 Norris Cot Mills Orr Cot Mills... 100 Shops Preferred A....20 Preferred B 20 26** 10% ... I* 5 Mills Newberry C M..100 4% ♦ 87 4 Musgrove Cotton .....6 JX 38 5c Carnegie Metals Cotton Mills pref In man 8% 7% 20 Hamrick Mills 1.10 38% 6% 7% 26% 7% 2% 24 Nonqultt M (N B).* North Amer Rayon— Pacific Mills 13% 14% 36 5% 30 5 ing, Ltd 17 iiH Ltd Amer Smelting .1 $5 prior conv pf 25 Anaconda Copper 35 30 % 12 1% St 8* 113 1,00 100 7% & 42 Industrial Preferred ...100 Nashawena M * 7% 10 23 4% preferred S3 prior pref Highland Pk Mfg 20 6% preferred Imperial Yarn Mohawk Carpet..20 Mt V-Woodb Mills 5c Glenwood Mills .100 Gossett Mills Hartsviile Cot Mills. Henrietta Mills— 123* 2c Gainesville Cot Mills 23 106 132 17% "4% .... 9c 30c 26c Enterprise— 40 r 1 Bagdad Copper 36c 6c Patino Mines & "U 30 33c V4 99% Austin Silver Min-.l 6 Co 2.50 r 35 30 8 * Gaffney Mfg Conv pref 20 100 Sagamore (F R) 59 1% 82% Amer sha ctfe_.10 Pioneer Gold Ltd-_1 Polaris Mining. .2 5c 36 r 50 10 1 Martel Mills— Co (F R) Saco Lowell 100 Fulton Bag & Cotton . olV* 10 Mines Gold Lead 24 82 1 159 26% 10% Mock Judson common 18 20 ..... 9 6 98 100 . Com class A 10 10** 18% * Kilburn M (N B).75 Luther Mfg 100 (Baltimore) 99 Flint Mfg Co 7 % preferred Florence Mills 7 % preferred. Zinc 22% ..10 Pacific Tin special Park-Utah Consol 70 69 r STOCKS Mining... Amer Rosario 5 Noranda Mines * North Butte 2.50 Ohio Copper of Utah.. 1 Old Dominion Co .25 Oklahoma Interstate Pond Creek Pocahontas __* Premier Gold M...1 r 11 MINING Ask share N Y & Honduras Nipissing Mines Mining Mines 50 Andes Copper M.20 Ariz Comstock 1 56 Hathaway Mfg. .100 9% 35 Bid Par Mining Oom__25c Preferred B 50 Oriental Consol 21 15 12** 1** Preferred .....100 Wabasso Cotton 31 Serial notes 7% 5* preferred.25 V oehringer 7% 5 31 110 Admiralty Alaska Gold Mining 3% Hartford Rayon vtcl Preferred 100 Preferred r 9 31* GosnoldM (N B)._* Preferred 100 Units Drayton Mills....20 20 7% preferred.. 100 Mills * Interstate Hosiery Mills com..; Preferred 100 Domin Text Ltd * Preferred 100 Montreal Cottons.. Preferred 100 Penmans Ltd com.* 15 18 75" * .100 Alpaca 38 1% 40 6 6% preferred. .100 Prior Dallas Mfg (Ala) 100 DtuTgtoo Mfg(SO) 5 7 Draper Corp * Durham Hosiery— Farr 31 12 65 104 16 Dexdale Hosiery— Preferred 100 General r 35 16 ** * com, 6 Erwin Cotton,.20 "d% 5% Mills— Preferred..—100 Davenport Hosiery- B r 24% 40 3% Canadian Mills Can Converters. 100 Can Cottons Ltd 100 6% preferred-.100 Dwight Mfg—12** Eagle Yarn.. Easley Cotton Mills 7% preferred Efird Mfg 100 Brighton com 60 35 76 Durham Hosiery— 5 95 2% 30 69 Spinning..50 Common 100 Converse (D E).100 Crescent Spinning.- 56 6 90 105 Columbus Mfg (Ga) 43 36 _ City Mfg 100 19** 7 65 21 90 23** 87% Preferred ..100 Blumenthal (Sid)..* 7 % preferred 100 Mills Climax Stocks Per 116 — 84 52 52 Bigelow-Sanford Carpet common.* Mills Chiquola Mfg 20 6% preferred Clifton Mfg (SO) 100 38 * ♦ _ 5 4 Dunean Mills 5% preferred 7% preferred Border 21* !¥ 86 pref_20 conv Berkshire 14 58 * Preferred. 110 8% preferred.. 100 Arlington Mills..100 Beaunit Mills Washington MillslOO 34 China Grove Cot... 94 13 Ask share Per 10 Co Northern Mills Algonquin Print. 100 Am Mfg Co com. 100 5% preferred. .100 Amer Thread 5% pf5 Amoskeag Co * Bid Par Wellington Mills.. * Preferred 100 West Point Mfg. .20 Wlnget Yarn Mills Mtge 6s Cannon Mills.....* Chadwick-Hoskins Atlantic Rayon Beacon Mfg— Stocks share 20 18 32 Callaway Mills....* STOCKS Preferred. Ask Bid share TEXTILE possible for the closing day of the month preceding the date of issue are as near as r Canadian Agfa Ansco (Del) 1 Agnew-Surpass Shoe Common * Preferred ——100 Ainsworth Mfg——5 Air Associates 1 _ 3 30** . 9% r 109 6% 7 8 60c Aircraft Precision Air Devices Corp-.l price t New stock. x Ex-dividend. 86 INDUSTRIAL MISCELLANEOUS & STOCKS Quotation* for all securities are as near as possible for the closing day of the month preceding the date Stocks Par Stocks Ask Bid Par Bid 54% 55 Amer Locomotive.* 4% 5 7% preferred 100 Mach & Fdy_* % 4% Air Reduc'n com..* Air Track Mfg 1 1 Am Mach & Met * 5% Am Maize Prod * Amer Air-Way Electric Appliance * Alaska Pac Salmon* . Amer Albany Packing- _ A...* 3 Preferred —100 23 Ins* Optical Preferred - - Allen 73 Class A - 76 18% 9% 19 Industries—1 Allee & Fisher Allied Chem 7% 2% % * 5 "2% & Stand 9 Dye * 171 172 Allied Kid Co com_5 Allied Laboratories * Allied Mills Inc 11% 16% 12% Paper Mills.1 Allied Prod (Mich)— 9% 5% preferred.-100 36% Alloy Cast Steel...* Alpha Portl Cem._* 18.50 Screw. 100 American Sealcone.5 16% 2 * 9% 6% preferred. .100 Alum Goods*Mfg__* Aluminum Indus..* Aluminum Ltd * 6% preferred. .100 Leather 6% Amer Air Lines 10 American Arch * Am Bakeries pref 100 Class A * Class B * Am Bank Note 17% 10 &« 1% 7% preferred 12% 1% 5 J* American Book. .100 Amer Bosch Corp__l Amer Box Board-.1 6 5 % % conv pf.lOO American Can 25 7% preferred..100 American Canadian 43% Properties. * * 7% preferred ..100 1 ris 2 100 Amer Centrifugal_.l Am Chain & Cable.* 18% 100 6% preferred-.100 Chicle * 33% 37% 111 115 125 Color type.. 10 13 7 6% preferred--100 57 Amer 6% 1st pref... 100 Am Cyanamid A. 10 _.10 5% preferred 10 Distilling pf 10 Amer Dist Teleg * 7% preferred- .100 IB 7Jy 26 27 11% Amer American Encaustic Tiling Co 1 American Enka.__* Amer Export Airlines 3% Jy* 79 3% 99 116 31K 3% 36% 5% 6% 9 11 15 58 61 5% 9% 1% 6% . 50 Am Furniture 1 2* Felt—_ 1st preferred.-100 2d preferred.-100 Rubb_50 Am-Hawaiian 13 SS.10 50 Amer Home Prof 1 Amer Hosiery.5 6% non-cum 4% 33% 53% 25 13% 4% 34% 54 8 20% 21% j Mach_20l 2% 19 "3% 1 Without par value. 27 116 9 101% 2 17" Bell Aircraft Stk 65* 39 Bendix 10% 11 21 53 55 7% See 15 17"" 5 5% Arundel Corp * Asbestos Mfg com.l 7% preferred--100 G'ds 1 r 6% 1st pref...100 7% 2d pref.-.100 Assoc El Indus Ltd % 4% 16% 112% 8% 73 115 8% 80 . 58 60 Am dep rets ord registered £1 Associated Rayon.» Athey Truss Wheel" 4 Atl Coast Fisheries.* 10 9% 3% 3% 3% Atl Gulf & W Indies SS Lines » 7% 6% 11% pflOO 14 Atlantic Refining.25 4% conv pref. 100 Atlas Drop Forge— 104 5 15% 2% 24 22% 51 *1 r 20 __* S2.50 preferred..* 25 5 1 Billings & Spen Bing & Bing Binks Mfg 7 Brown Co 6% pf.lOO Brown Durrell * 11 % Brown 1 A 5 * pref 24 Forman Distillery Brown * Rubber..—1 * Collender * $5 preferred * Buckeye Pipe L..50 Buckeye Steel Cast * Bucyrus-Erie Co.-5 7% cum pref.-lOO com 100 * * Watch * Burd Piston Ring-.l Burdines Inc Preferred 35 45 10% July 21 10% % 6* II* 29 14% 9% 101 7% 5% 44 4% 20% 30% 11 _%« 5 40 Burma Corp Ltd— Am dep receipts. . If Burns Bros com—* 1 Machine Rurry * Biscuit-12%c Bush Term Co com 1 37% 5% 38% 7% debenture. 100 Bldgs—■ 7% pref ctfs-. 100 14 62% 17% 112 63 17% 113 1% 70 2% 85 15 15% 38% 40 3 4 1 2 3% 11% 5% 19% Butlor Bros.. 13% 1% 1: 4% 12% - * * 4% 1 * 13% Cable Elec Products Vot tr ctfs 50c 50c Oalamba Sugar Estates com 19% 48 Calaveras Blaw-Knox Co * 10% 11% 20 Calif Pack Corp 46 * 5% preferred—50 Land Timber Campbell Cannon stock. 35c 3 1 16 18% 51% & 1 50 2% 56% & Fdry...* 11% Cambria Iron t New ip 45c" Preferred * 5% % Class B Byrndum Corp Bryon Jackson. Preferred Blauner's— 22 50 Preferred * Byers (A M) com. 7% part pref. .100 Byers Machine * Byllesby class A * Common 6% 10% 10 5% conv pref. .30 Butterick Co * 2 95 Fdy & Macb ,*m * Black&Decker Mfg » 2 1 ._* Bush Term * Ex-dividend. 2% 3% 34% 9% Burroughs Adding 5 x 1% Burco Inc— Preferred Birdsboro Stee price. 1% 10 Bunte Bros com.. 10 _1 7 % preferred- -100 B/G Foods Inc * 7% preferred--100 $3 21% Motor 9 54 5% 21% 7% preferred-.100 124 Canadian Brit-Amer Tob reg£l Ordinary bearer £1 British Celanese Ltd See Invest Trusts Beth Fdy & Mach.* Preferred 50 Beth Steel (Del) * 16 119 5% conv pref—100 Nominal. 107 2% * Conv preferred_20 Atlas Powder * Tack 20 19% 22% 22% 2% Bird & Son Atlantic Rayon— 50% * * Coupon Registered 1% 4% Inc 5 Bullard Co 90% 3% 35 Budd Wheel 6 Cement com..* Best & Co ___* "3% Bickfords 75 25 60 Investing Cos 5% preferred 32% 25 Bristol Brass 25% 7% preferred-.100 Bessemer Limestone P 17 * 12 Brinks, Inc Bulova Purchase warrants Borland Shoe St * 32 1 7 33*80 common. 2% 28 55 Home niture i* * 2% 25% Investing Cos Benson & Hedges. .* Conv pref * k Berghoff Brewing-.1 Berkey & Gay Fur¬ % 9% * . (E G) Mfg..* 7% preferred--100 See 40 10fi 70% 7% preferred--100 Brillo Mfg * Budd l Beneficial Loan Soc— 38 Brill Corp class A_ Class B Buda Co Beneficial Ind Loan 4 6% 9% 10% 20% 6% 5% Appliance cl A__5 Class B zyi 3% 5% Yds 43% 90 n & 36 _ k Last sale. RR 37% 45% Corp __» 7 % preferred. 100 Art Metal Constr.10 . 1 43 * 10 Common. 50 Preferred 50 Bender Body com. .5 Bendix Aviation—5 4% 7% 7% 3% * Bruce (E L) Co. 5 Bruck Silk Mills—.* 127 9% Bellanca AircraftBelmont Radio Belt 4 B 4 Brunswick-Balke- 5% 124 Belding Hem'way..* Belden Mfg com 10 103 Class Brown Shoe 37 20 10 Aircraft Beech-Nut Pack.-20 4% 10% Bridgeport Brass..* Bridgeport Mach..* Preferred 100 Brig-'s Mfg * Briggs & Stratton..* Bright Star Elec— Class 26% 109% % Stocks Beech 117 % 4% 30 preferred.-100 See Textile Brewster Aeronaut'l 1 Warrants 0 18 Brown Fence & Wire 15 Beaunit Mills— 2d 16 21 Warrants 114 26% 104% % IK 2 * com common 7 8 2% 27% * Brach (E J) & Sons * Bradley Knitting— 1st preferred. .100 Brager Eisenberg—1 Breeze Corp 1 Brewing Co of Am.3 Brockway 24% Cream..25 6 6 preferred Boyertown Burial Amer dep rets. 10s 20 _25 27 1st preferred. .100 2d Truck c6m Bearings Co (Am).* 1st preferred..100 Works Common Atlas Plywood % 16% 40 3 See Textile Stocks 21 100 $5 preferred w w_* 12% 2 5 non-cum 39 & Oadwell Beatrice 3 1% Artloom 5% 6% 100 common. 28% Brit-Amer Oil Ltd— * 2% 5% preferred 30 Equipt Corp 1 Atlas * Mfg 8% Arrow Hart- 84 Investing Cos Amer-La France & Foamite Corp 10 Warrants 73 11 pref..* 7% preferred-.100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 2% pflGO * Beaton 2% 70 7 2% 4% Jy* 33 Bondhold¬ Bristol-Myers 6% 2% Optical com 10 5% preferred.. 100 Bayuk Cigars 7% 1st pref 100 1% 34% pref..* B'r'g--5 cum 4% * Pref v t c Bausch & Lomb 26% $2.75 * Class A J* * Common... 114 1% 31% Assoc Dry Am Internat Corp— Am Laund * 3 ~2~~ $1.50 prior pref. 10 See 113 Ashland Oil & Ref.l * Amer I G Chem A_* ► 26 conv pref..* Assoc Brew (Can)_*r 9% 92% Paper A Class B 41% 5 10 7 Preferred 8% 1% 19 8% 88% 23% Amer Insulator 38% 2 41 8% preferred.-100 Amer Hardware. .25 Am Hide & Leath__l 5% 10% 4 Bath Iron Wks 27% Art Metal Works. .5 Forging and Socket com * Amer Fork & Hoe. * Am Fruit Growers. 13% 30c Baumann (Ludwig) Elec.10 Arrowhead Petrol-.1 Amer Amer Ice Co 26 Hegeman 12 5 Bathurst Power 2% & common._* Print 2% 9% Bastian-Blessing --* Bates Mfg 100 34% 5% 4% 2% conv pr Arnold 31 Bartgis Bros com_.l 6% conv pref. .25 Basic Dolomite 1 4% 34 Aro Amer Felt common * Preferred 100 _ $6 13 4% 7% guar pref. .100 Armour & Co (111)— Common 5 6% 5% Common.... 1 American Express— See Investing Cos Am Fabrics, pref 100 . 50 Common Common 6 % preferred 6 45 * Ark Fuel Oil pref. 10 Armour & Co of Del 12 97 Amer Export Lines Preferred 4 100 Argo Oil July 18 27% 113 Barnsdall Oil—. 10 Arcturus Rad Tube 1 7% 9& Bros Barnsdall Refining Angostura-W uppermann Corp 1 Anheuser Busch._20 Animal Trap * Antilla Sugar 100 Apex Elec Mfg * Applied Arts 1 Appollo Steel 10 Apponaug Co * A P W Paper * Archer-Dan-Midl'd * 7% preferred. .100 % 18% 13% 5%% pref 50 Barkley Grow Aircrl Barlow & Seelig cl A5 3* Andian Nat Corp..* 105 Commercial Alcohol com 20 Am Crystal Sugar 10 Barker 5% __* Anchor Post Fence Co common I* 14* 1 com 3 14 American shares.. Anaconda Wire & Cable common..* Anchor Hocking 130 6 Steel 151% 100 Glass V4 25 Barium 5% 7% preferred--100 177 1 2 Amer Wringer * Amer Writing Pap_* Amsterdam Trading 44 100 Preferred 100 Amer Coal (N J)..25 146 A Casket 5% Bardstown Distill_.l Stainless SJf Common 50 12 22" Bancroft (J) & Sons* Preferred 100 Bankers Industrial Service clA __* Preferred 3% 23% 2% 13 com 18% 1% 29% 61% 83% 85% Mills Preferred Bourjois, Inc class A 65 Bowm Bilt Hotels— Common * 100 Warrants Baldwin Rubber Class A Am Woolen Co for 17% ers 7% pref old—100 7% pref new—30 Amer Wind Glass— 95 2 c 12 21% Bow-Bilt * Baldwin Duckw'th.* Baldw Loco Wks__* V t 21% 25% * Bower Roll Chemical Barber Asphalt 10 Barber (W H) Co__ 1 Am Vitrified Prod.* Preferred * 54% 13% July 21 20% 6% % * 82 60 25 14 53 129 100 B 44% American Cigarette Cigar Co 100 6% preferred.-100 Am Transformer. 10 Am Type Found. .10 7 % preferred 100 3 21% 36% % 7% % Carmel Preferred Common 138 135 _ Preferred 50 American Thread Co See Textile Stocks Am Tobacco com_25 $6% Am Car & Fdy Amer 12% 16% 81% 17% 1% 28% 7 % preferred. 6% 6% 6 A.Brake Sh & Fdy— Common * Amer Hard 26% 14% 12% 17% 14 * Am Sumatra Tob„ * 1% 17% 33% 33% 109% 51% 42% 13% 91 Am Hair & 26 * Stoves Amer Television 1 Amer Thermos A__* 18 Preferred 100 Am Beverage Corp. 1 Class B 180~" 64 53 Amer 150 Amer Sugar Ref.100 x\H 62% 50 com.* 6 153 American 22% 118 % 119% 115% 115% 17 17% 5 July 19 130 128% 110% 111% 6% preferred Amer pflOO non-cum 20 Botany Worsted prererred Amer Steamship. 100 Am Steel F'dries * 36% 15 Hose Rubber com—* & 100 Balaban & Katz._25 68 Borden Co Borg-Warner Corp_5 Borne Scrymser—25 22 114% 57% Boston Woven Preferred 140% com A * Common B * Bond Stores com—1 Boston Herald Traveler Corp Deferred 11* 14 19 1 Backstay Welt Baird Telev pref Baker 3 Bohack Realty pflOO Bohn Alum & Br. .5 4I* 100 Colliers Corp 13% 22% 22 Bon Ami 1% 4% Babcock & Wilcox.* % 45% 138% 65% - Boeing Airplane 5 Bohack (H C) com.* Ayrshire Pakota 31* 16% (Sid)— See Textile Stocks 17 10 Class B 29 7 % preferred .100 American Snuff. .25 19 1 6% conv pref. .50 Amalg Sugar 1 Amerada Corp * Amer Agric Chem_* Bemberg Seating Blumenthal 5 1 Preferred 67% American Stores * pref Aluminum Co com.* Am 15 98 1st preferred-.100 Axton-Fish Tob A 10 Corp 28 100 % Corp(Del)3 tation 30 25 7% 17% "6% 6 30 4 Aviation & Transpor¬ 156 14* 13 Bros Tobacco Bloomingdale Bros.* 22% 5% 12% % 6% 13% Amer Altorfer Bros— Amal 12% 25 25 2% Pref ex-warr_25 Warrants 70 28 Amer Ship Build—* Am Smelt & Refg__* 8 6 % 15 pf pf Common Preferred Avery (B F) & Sons 5 6% pref w w—25 4 American 70 69 3 12* 67* conv conv Bloch Automatic Washer— Common.. 3 Automobile Banking $1.50 conv pref 25 Class A com 25 4 6% 5% Preferred Automat Vot Mach * IP Bliss (E W) CoCommon -.1 12 Refrig.10 Automatic 108 3 Bid Bliss & Laughlin..-5 common—5 ment Common 17 13 10 9 Allis-Chalmers Mfg Common * it* Par 55 Automatic Prod—5 32% conv 20% 19 10 Allied Stores Corp.* Conv Sanitary ..* Amer Seal-Kap CI A conv com.25 29 120 pf 100 Am Safety Razor— 4% Allied Common 4%% 11% 3% * 28% Aviation 7 % cum pref 100 Am Republics com 10 Amer Rolling Mill 25 % 7 5% Autocv com Amer Radiator & 100 Corp common * 7% 1st pref 50 6% preferred __50 10% 22 $5 cum prior A..* 10 6% orcierred—100 3 17 111 32 * Am Potash & Chem * Allentown Portland Cement pref 10 J* Alarm common.25 5 Amer Pneu Serv * com Alliance Realty Preferred * 100 Class B - Allegheny Ludlum Steel Co. 2% 15 American Piano- 10% Algoma Steel com.* Preferred 100 » Amer 5 4% 13 8% pref. .100 Austin Nich & Co—* Automatic Instru¬ 6% conv pref __100 American Meter * American News Go * Alexander Dept Stsl Alexander Hamilton 12% Stocks Per 2 Auburn Automob—* Automatic Fire Amer Metal Co class 18% 54 13 Maracaibo-.l 5% Grain 18% 61% Co.— Mfg. Amer 4% Ask Bid Par share See Textile Stocks 60 55 Preferred 100 Alberene Stone of Va Vot trust ctfs 5 Alberta-Pacific Stocks Ask Per share Per share tissue o Wyant Quotations for all securities Stocks Bid Par Ask are as near as Stocks 5% * .100 5% 105 Glass B pre! 50 Canada Gement.100 55 62 Preferred 100 Can Dry Ging Ale.5 Canada Forgings— Glass A —* Glass B » JX 96 7% 96% 19 % 88" Clorex Chemical 35 Oluett ~9% 21% 19% 109% 20 110 Coca-Cola Intern..* 7% 7% 15 Coleman Lamp & Stove common..* 18 ioo % Peet 9% 2 1 5 6 6% 50 5% preferred- .100 Collins Co 100 Collyer Insulated Wire common * Colonial Beacon Oil» 72 68 % 21% 4% 33 % 15% 13% Ordinary shares.. 6% conv pref * * 5 1 "i% 25 4% 34% 16% 14% Col Fuel & Iron Warrants Colson 6% 14 % 74% 118% Products...* (J I) Co 7 % preferred . . 100 100 7 Case Pomeroy ..5 Castle (A M) Co..10 Columbia Mills. 118% Columbia O & G 100 1 _ * k Common 7 Vot tr ctfs com..* 3 20 % 3 % Oolum Carbon 44 44% 1 Caterpillar Tract. .* 5% preferred .100 Celanese Corp. 7% prior pref.100 1st partic pref.100 $2.75 pref--* conv v t c * 15 5% 83% 10 12 22% 24% 22 21% 21% Solvents..* ~3% 3 59 Shoe Mach v tcext—1 % 20 % $2.50 19% 20% 1% Mar. pref..* Pub..* Plantations ...100 1 Congoleum-Nalrn. * Congress Cigar * 1 Oonsol Aircraft Central Cold Storage Common 20 2 $3 pref. conv — 6% preferred..100 41 Cent Ir & Steel..100 Cent Ohio St Prod.l 30 — 7% 10 _ Cen Violetta Sug_19 Centrifugal Pipe.. Gentury Rib Mills 7% preferred ..100 .. — Oonsol Oar Heat. 100 Cons Cigar Corp..* 6%% prior pf.100 7% preferred. 100 - 35 8 Cons 3 2 1 13% 3% 6% ; * -.1 Consol Biscuit 12% 3% Cent Foundry com. 1 10 9% 26 $2 Film Indus.. 1 cum part pf._* 6 Cons Laundries 16% * — * 2% 8 Consol Retail Sts.-l 31 18 8% preferred-.100 2% 18% Consol Royal Oil. 10 Consolidated Steel * Consolidated Textile Weather Strip...5 8 Paper 4% 4% Common Fibre * 6% pref 100 Chapman Valve...1 Preferred 100 Oharis 19% 100 30 32 "7% 6% KM 9 Cherry-Bur Corp..5 13% 115% 14 Board common t c—100 v 118% * c * Class 3 A. B * 8% preferred-.100 Continental Can. .20 Hosiery 6% pref 10 Chic Daily News..* Preferred * Chic Elec Mfg A..* 5M 13 % 101% 12% 6% 14% 105% 25 Oont'l Oil Chicago Flex Shaft 5 Chic June Rys & Un 71% 73% Oont'l Oil (Mex) 1 Oont'l Roll & Steel * Stk Yds com—100 185 Preferred 105% 11M 6% 100 Chicago Mail Order 5 Chic Molded Prods 1 Chicago Nipple * 14% $3 conv pref * $2.50 prior pref..* Chic Ry Equip 25 34 Chic Rivet & Mach 4 Chic Towel com * Ohickasha Cot 0.10 Childs Co com Preferred Chilton Co... 46 13% 71% 110 12% 7% % 14% 35% 48% 14% 8 100 42 10 Chrysler Corp 75% 112 8% 11% * Oont Steel Corp Preferred Cin Un Stk Yds.. .♦ 14 15 CInecolor City Auto Stamp..* City Ice & Fuel * 6 % % cumpf__100 City & Sub Homes 10 City Stores .5 2% 5% 13% 92% Clark Controller 16 Clark (D L) Co Clark Equip Oo Preferred 1 5% 3 * • 100 Claude Neon Lt ^Mach * 23% 4 6% Without par Common 1 Class A 35 Records 1 Decker(A)& Cohn 10 5% 18 16 5% 6% 15^ 15% 30% 7% 2% 7% 2% 27% 106 De Long Hook and Eye 7% 4 Dennison Preferred * 1% Detroit Aircraft 7 Det Gasket & 11% 4% it* * % 15% i% 19 26 Eagle Lock Oil $1.50 1 conv pref.20 10 East Dairies Ltd * Eastern Air Lines. 1 East Boston Co . 10 5% prior pref. .20 Footwear _1 East Mall'ble Iron25 Eastern Mfg com..* * Preferred... Eastern Steamship.* $2 conv pref....* Eastern Sugar Assoc 3 5% 10 9 1% 13 15c 50c 18% 3 8 20c 7 12" 40 4% 3% 22% 1 Preferred 1 ... Eastman Kodak * 6% preferred--100 Easy Washing Mach 14 171% 171 Common 20 17 1% 98% 38% Detroit Mich Stove 1 117 7% 2% 21% 7* Foundry 1 com Harvester. 1 Detroit Paper Prod 1 Detroit Steel Prod.* Devoe <fc Raynolds— Class A (non-vot) * Common B * 2d preferred.—100 Oil 58% Preferred. 10 _ 1% 35% % 57 6% July 19 45 14 50 50% 15% 1% 14 1% % 22% i\H 1 % jx 24 5% 24% 24% 25 28% 104 18 2 5% 71 33 42% 33% 43% 26 28 110 ~7% 37 40% 118 % 10% 8% 1 % 10% "1% ~2% 9 Warrants 2% 82 1% 10% 5% 4% Distillers Liquors..5 155 22% 165 23 25 23* % 23% 100 103% 104% . v 24 1 v t c ..1 Electrographic 9 1 Corp 1 Inc.l Elk Horn Coal * 1st preferred.. 100 2d preferred ..100 Ely Walker D G..25 1st preferred..100 2d preferred..100 Emerson Drug. .2% Class B 2% Preferred Emerson Elec Mfg.4 Preferred 4 * Emporium Capwell * Preferred w w__50 Derrick 5 Equit Office Bldg..* Esquire Inc 1 Eureka Pipe Line.5ft Eureka Vac Clean.5 11 11% Evans Products —5 33% 20 24 Ever Plastics Corp.l Ex-Cell-O Corp ...3 t New stock, x Ex-dividend. 7% 5% 9 17% 112 87 18% 18% 4% 70 - Associates 33 3i i* % 15% Empire Sheet & Tinplate * Employers' Group * 5% 1 11% 9% 1% 21% 1% 27 A Dixon (J1 Cruc-.lOO Dobeckmun Co coml Dr Pepper Co ..* Dodge Cork 5 Dodge Mfg * 30% 4% 7% 17% 17 Corp Common 5% preferred-.100 6% DneMer Die Cast..* Canadian price. 28 Electro Bleach Gas.* Endicott-Johnson_50 8 Common com Collieries Elec Stor Battery..* Elec Vacuum Clean* 18% 6% Class 3 2% 93% 1% Dixie-Vortex Oo— 32 7% July 29 70 changed to Ayrshire Patoka Emsco 18% 87% Divco-Twin Truck. 1 2 1% 60 Elec Shovel Coal— Elgin N Watch... 15 Eljer Co com * 6 Mfg Discount Corp —100 Distillers Co Ltd_£l Distillers CorpSeagranw Ltd * 5% pref w W..100 5 Electromaster 67 Noc * com Indus Am shs Electrolux 2 Di 10% 3 19" 26 Voting trust ctfs.. 63 177 % 35% Boat.. Electrol Inc Dictaphone Corp..* 4% * 1 Name 105 Diamond T Motor 1 1% 1% Electrical Steam Util Corp 5 6% part pref—25 Diamond Shoe com * 18 50% Elec & Musical 9% 17% 25 6%% pf (w w) 100 13% 1 6% preferred.. 100 8% preferred-.100 Electric Household 103 * 15% 5c Warrants Elec Ferries 5 Diamond Match 1 Common Eisler Elec Corp Eitinsron Schild "2% —* Dexter Co com 50 61% 114 ,_* Common 28 __2 17 Electric Detroit Gray Iron & Detroit Common 1.60 3% 25% Electric Auto-Lite.5 88 1 w * * B Sterilizer Mfg— 55 28 12 Educational Pictures Mfg— Class A 10 6% preferred..... 7% preferred. .100 8% preferred-.100 2% Dentists' (The) Supply com 10 %' 6% preferred 11% Derby O & Ref com * 2 5 68 Dixie Home Stores. 1 r 1 15 25 5% preferred 100 Del Rayon A com. 15 De Mets Inc pref..* Diamond Alkali 1% 9% 4% 4% 1% 121 Edison Bros Stores— 10 .1 174 cl A.20 Duro-Test Corp 16 10% 61% 13% Hosiery— 15% Gllberc Corp 1% 12% 6 II" 10 See Textile Stocks. Class Deisel-Wommer Refg._25 100 100 Ltd— Durham 4 Economy Groc Sts.* Eddy Paper Edgewater Steel 109 18 104 14 159% 131% 123% 12% Common 30 15 36% 131% East Racing Assn..* Eastern Roll Mill..5 12 10 33% 159 20% 27% * com 7% preferred...20 100 Nominal, 10 4% 1% & Co common..20 Eastern 8% 4% 16% 1% 6% cum deb.. 100 $4.50 cum pref..* Duquesne Brewing. 5 Eastern Corp com 16" 4 13 120 20% 26% 5% conv pf » 11 104% r 115 Deere & Co Prod..2 Am dep rets ord£l k Covered Wagon Co fc Last sale. Chemical.1 Preferred conv 5 10 1 18 Duplan Silk * 8% cum pref--100 DuPont (E I) de N Common 7U value, 19 Dictograph 1 $6 preferred.. * Dunhill internat'l. 1 Eaton MfgOo Hobblng com 18% 4% Differential Wheel _1 _ Laboratories cl A. Dun (R G) Bradstreet Corp.* 15 Courier Post— $1.50 * Darby Petroleum..5 Darco Corp 8% pf 100 103 Coty Inc new com.l Ooty Internat'l 1 29 Hammer Cutler 102 5% conv pref. .50 Oourtaulds 4% 80 100 com 2 55 Devonian 80 Crane Co 1 2% 21% % $6 conv A pref..* Cosden Petroleum. 1 Cosmocolor 50% July 20 Duff Norton Mfg..* Du Mont (Allen) 35 30 Preferred 24 103 % % 1% May 19 Clayton & Lambert * Cleveland Graphite Cleveland 6% 3% July 21 7 Coronet Phosph.100 Corroon & Rey'ds.* 5% 23% 100 1 Bronze com 5% 19 * 6% pref w $4 preferred * Cooper Bessemer..* $3 prior pref * k Oopperweld Steel. .5 Conv 5% pref. .50 13% 92 3% 2% % 9% Cook P't & Varn..* 7 % preferred. 17% 49% * 9% - 16" 100 13 July 15 1% 1% 5 4% %6 % % Corn Prod Preferred Dubilier Condenser 1 20 1% 11% 6% 7% 3% * 4 11% 54% Dewey&AImy Chem Corning Glass Wk 10 82% 3 pref 16 * Preferred. 7% - Driver Harris Co. 10 Eason 55 100 Converse Rubber _ 91 cum pref. .100 10 9 82 1 . 55 3% 60 9 Dresser Mfg com. * Dri Steam Valve..5 80 1 10 com. 12 6 Inc (Del)—5 Cornell-Dubilier Elec Corp com_.l 8% 42% 3% Mot._l Continental Preferred 6 Oonv preferred..* Chic Yellow Cab..* Oont Diam'd Fibre.5 Oont Screw 5 Chic Pneu Tool $4 50 preferred..* 117 2 Dwight Mfg cum Decca 114 * 100 100 95 16% 1% 97% 37% 113% 6 Silk 1 3% 3% 11% 4% 100 _ Drug.. Preferred Duval Texas Sulph. * Dejay Stores 1% % 4% 11% c V t *X 30 1 5% preferred. Dow Dryden Paper 11 25. 110 127 5% 25% Preferred 35 partic. .50 B partic—* partic pref 50 Container Corp 20 Continental Baking V t Class 50 Preferred Chester Pure 5% pref 6% 2% % 1% 124% Deep Rock Oil & Ref 7% preferred-.100 4 Consumers Co of 111 V t c A 118 Corp 10 Checker Cab Mfg.5 Chesebr'gh Mfg..25 Chesapeake Paper c._25 Warrants 20% 99 . v t 8% % 2% Oonv prior pref..* com * Dow Chem 82 79% 1% 11% 6% Consolidation Coal— & 70% %6 69% * Common 90% 90 " Champion 33% 71% Warrants 83 1 81 33 Dayton Rubber Mfg 50 32 Ohamberlin Metal 80 11% 5% 7% ...25 Stores..* 47 26% 7 preferred .100 Lithograph..* Consolidated Oil. 10% Coal B Dominion Doubleday Doran.* Douglas Aircraft..* Douglas (W L) Shoe 5% 25% Davis Coal & Coke.. 45 Cons 91 1 19 35% 28% 18% Bdge.100 45% Class A 7% Dominion * Davison 20% 58% 4% Cons Mach Tool uts. 7% 10 2 11% 25% 35% 33% 28 Fields Wright Corpl $7 preferred Darling Stores Corp $2 partic pref * Davega Sts Corp_.5 5% conv pref. .25 Davenport Hosiery See Textile stocks. 6% 20% 60% 4% 5% 30 Lighting-. * 16% 6 5 Certain-teed Prods. 1 * 6% % prefeiTed 100 52 7 15% 50% 6% 25% 4 7% 2 % Dardelet Thr'dlock * 3% 4 % 9ft 34% 31% '% 17 100 Stores com Ouneo Press $8 27% 92% 91 4% 6% prior pref. 100 4 Oompo Oonde Nast 1 24% -• 2% 17% Oushman's Sons— 12 Dist— conv * 5% Preferred .100 Cudahy Pack 50 Ourtiss 11! 57 1% 10% % 2% 3% 52 Curtis Publish....* 21% 36 11% 20 J 2% 16 Preferred Cuban Am Mangan 2 Cuban-Am Sug 10 Curtis See Invest. Trusts. 4% 111 % Tobacco Finance— Preferred 1 Preferred 81 Comm'l 4 * 6% preferred... 10 Cuban Atl Sugar— Common new 5 * com Com'wealth 7% preferred-.100 Cuban 105 12 _ 7% preferred-.100 27 66 * x-w 2% 24 11% Preferred Crown Drug com 25c Preferred 25 Crown Zellerbach_-5 4% 2 4% 14% $2 preferred.. * Combustion Eng__l Airport—* Central American com 37 32 27% 107% 64 Associates Chain Belt 10% 106 % Central Cessna Aircraft 9 104 * Central Paper Preferred 112 A&X 5% cum pref-.lOO Celluloid Corp...15 1st preferred * $7 preferred Central Aguirre • Cuba Co 109 105 — Dominion Steel & _ 105 % Parts 158 31% * Crystal Oil Ref Columbus Auto— 18% Catalin Corp 112 100 29% Orowell Collier Pub¬ Cunningham Drug * 75 % 250 6 Dominican Coal pf 25 Dominion Glass. 100 Crocker-Wheeler ..* Brewing 1 Crosley Corp * Croft 32 Columbia Pictures— Case Lockwood & Brainard Co. .100 Celotex Co com 106 10 Corp B'castini Sys Inc class A2> Class B 2% 14% 4% % 10% 20% 5% % 10% $5 conv pref * Crucible Steel...100 16% 16% 105% 31% 107% 5 Preferred Investing Cos. Carter (J W) Co 1 Case 32 28% Columbia See Casco * Arms Mfg 25 Columbia Baking..* Carriers & General 20 61% Patent Fire Colt's 5 $2.25 pref w w__* Colon Development 54 41 * Carpenter Steel Carrier Corp 2% 4% Oarey (Philip) * 6% preferred-.100 6% preferred..100 Carlb Synd!cate.25c Co 2% 4 * Capital City Prod.* Glass B * common 6% preferredlOO Collins & Aikman..* CI A voting * CI B non-voting.* Domestic Cum preference Dominguez Oil 84 Colgate-Palmolive- 8% 51 Crown Cork Int A_* Crown O'k & Seal.* 6% July 29 27 100 21% 100 * Prior Preferred .50 Crown Central Petroleum (Md)_5 1000 * k Cockshutt Plow 6%% pref 32 131 130% 60% 6% 21 133 79 * of New York Per share Dold (Jacob) Pkg— 5% 50% 31% Preferred 2% 34% 131 _ Bid Par 2 pref Crowley Milner Coca-Cola Co..—-* Class A * Can Indus Alcohol— Carman & Co A 15 Peabody—* 100 Bottling 7 % preferred. Stocks Creamery Package.* lishing Co Coca-Cola 20 Carborundum Go—* 48" 2% 34% Ask Cream of Wheat Creole Petrol Lumber 34 104% 9% .....* 1% 40 * 19 ...1 Canadian Dredge Carnation Clover Val'y 16 Can Fairbank pf. 100 Canadian Foreign Invest Corp • 43 44% 1.90 1 $3.50 9% 15% 8% 14% 5 Preferred A 100 Club Aluminum Utensil com—-_* Airways Can Locomotive Cliffs Corp com Climax Molyb¬ Bid Creameries of Am— Vtc 42% % 59 Canadian Bronze..* Preferred 100 Canadian Oar & Fy * Preferred 25 Oanad Celanese * Preferred 100 Canadian Colonial Par Per share 6 denum Oo * Olinchfield Coal. 100 Preferred 100 8% Can Wire & Cab A_* Glass B * Dock 19% 5 86 1.60 Stocks 4% 4% Oleve Tractor—_.* Olev Un Stk Yds..* Cleve Worsted Mills Common * 10 Canada Packers...* Canada SS Lines..* Preferred 100 6 Ask Per share 104 87 STOCKS possible for the closing day of the month preceding the date of issue Bid Par Per share Canada Bread Preferred MISCELLANEOUS & INDUSTRIAL Aug., 1939] Exch Buffet Corp..* com * FaberCoeA Gregg-* Fafnir Bearing— 25 Exolon Co 23% 17% 43% 8 38% 106 1 4% 16% 4% 8% % 19% 1% 6% 42 105 88 INDUSTRIAL & MISCELLANEOUS STOCKS Quotation* for all securities are a» near as possible for the closing day of the month preceding th^ date of Issue Stocks Par Ask Bid Bid Par Stocks 4% Fair (The) Chicago * 4 7% preferred—100 Fairbanks Co 25 8% preferred. 100 32 Fairbanks Morse..* Falrchild Aviation. 1 33 Fatrchild Eng & Airl 2,40 99 * $6 conv pref Fajardo Sugar..—20 Falstaff Brewery—1 6% conv pref 1 Family Loan Society Common * Preferred... * Famise Corp....50c Class A 2 Famous Players Can Corp com—l Fanny F'mer Cand.4 Fansteel Metallurg 4 33 "5% 33% 11% 11% 2.60 101 24 23% 7% X? 95c 20 25 M 1% 23 % 23% 23% 6% 6% 24% Farmers Liquidating 2% 3% Fashion Park com.* 2 4 Preferred.. Fedders Mfg——5 Federal Bake Shops* Preferred 30 Federal Compress & Warehouse..25 Federal Match units Federal Motor Tr._* Fed Screw Works-.1 Federated Dept Sts * 10 14 6% 7% 36 37 1% al% 86% 17% 18% 89 F G Trading Corp— Preferred.. —1 Fiat Am dep rets... 50 10 18% 19% 27' 126 20% 6% pref ser A. 100 104 % First Nat Stores—* 50 % 20 £ 105 50% 9 Fish man .* com. J Fla Portld Cem u t s Florence Stove....* Florshelm Shoe com* Flour Mills of Amer Preferred * Fohs Oil.. Follansbee Bros—* Preferred. 100 Follansbee Steel— 4Mb conv pref. 100 Foote Bros Gear & Mach July 27 12% 21% 44 30% 20% si* 33 106% 107% 2% 4 4 8 Am dep rets ord— Ford Mot of CanClass A —.* 4% 21 Ford Motor France 1% 1% Am dep rets Fort Pitt Brewing. 1 Foster Wheeler.-10 67 $7 conv pref Foundation Co— Foreign shs A Foundation Co Fox Film class A * Fox (Peter) Brew..5 F-R Publishing.—.* Francisco Sugar...* Franklin Process...* Franklin Ry Sup..* 9% Freeport Sulphur. 10 i \VA 2% Fruehauf 3% 20 22% J/* IS* Fruit of the Loom— Brewing 1 com Fuller Brush com..5 Preferred 100 Fuller (G A) CoCommon... 1 $3 convertible __ 4% conv pref.iOO Fuller Mfg com 1 0% 40c 96 18 . Galveston Gamewell _ 22 24 2% 2% 8% 39% 3% 2% 2% 9% 14& 16* 3 . Houston* Co. * 21 38 Gabriel Co cl A * Gair (Robert) com.1 S3 Preferred10 Gallager&BurtonA 50 c 9% 11 * $6 conv pref Gardner-Denver— * 100 S3 conv pref 20 Garlock Packing...* 60 39% Gar Wood Indust. Gaylord Container 5% conv pref—60 Gen Accept ce Corp $ 461 115 15 41% 13* 49% A...——.5 11 12% Conv preferred .20 Gen Alloys Co.—.* 17 20 Class 1 Preferred .10 Gen'l Amer Oil of Texas common..5 Preferred 10 General Gen Bottlers * * 3% 5 51 S6 conv 20 pref---.* 8% 148% Without par value, 123% Hanna (MA) 12 6 % preferred. _ 100 Gen Tire & Rub...5 22~~ 6% cum pref A100 k 100% Genessee Brew A..1 Class B com 1 3% 3% Georgian (The) Inc * 8% class A pref.20 Harris Seybold Potter com. — 28 4 Harvard Brew Gimbel — 1% 33 35 * —* 20 5 21 Bros.. IP 0% 52 53 5% 9 * * 51% Gleaner Harvester.* Glen Alden Coal—* 11% 36 preferred.. 4 ..* 0% 9% 52% 12% J* 18 4%% conv pref 50 Knitting..2 % 40 Glidden Co Globe 0% 92 2% 1% 1 * \VA 37 48 9 18% 66 I * 10 Gossard (H W) Gotham Silk Hosiery com * 2 Hazel-Atlas Glass_25 Hearns Dept Common * Stores _5 6% conv pref..50 k Hearst Consol Pub 7% class A pref.25 Hecker Prod com.. 1 Heileman Brewing. 1 Hein-Werner Class A * Investing Cos. Helme (G W) 25 7% non-cumpflOO Graham-Paige Mot 1 Grand Nat Films. .1 Grand Raps Yarn 59 16% "7 pf_ Granite City Pig Iron common-10c Granite City Steel-* Grant (W T) com.10 5% preferred 20 cum conv Graten & Knight..* Preferred 100 $1.80 prior pref..* Gray Mfg Co 10 Great Nor Pap 25 Great West Sugar—* 7% preferred.. 100 Greenfld T'p & Die* $0 preferred—100 $1.50 preferred. .4 Green (H L) Co.—1 Greif (L) & Bros Greyhound Corp..* 5%% preferred. 10 Grieseaieck Western Brew53^% pref 25 Group No. 1 Oil * Group No. 2 Oil... 1 l Preferred 25 Warrants Grumman Aircraft com 10V Hershey Chocolate. * nref * Hewitt Rubber——6 Hevden Chemical. 10 4 34% 20% 9% 106 128% 25% 25% 37% 05% 10% 34% 24% Common.. 5 ___10 60 57 5 112 5% % iS 46 2% 109% 30 3 110 31 fnt Business Mach * Internat Button Hole 14 July 25 4 4% 12% 12 Common 3% 7% Holland Furnace .10 $5 conv pref 98 * * 100 Holt (H) & Co A..* Honolulu Oil * Hooker Electro _. Chemical com.100 Preferred 100 Horder's Inc com..* Hormel & Co com--* Horn (A C) com 1 Prior preferred..5 Statler com.* Hotel Waldorf-Ast_l 166 15c 17 %c % 12% 72% 130 18 100 % 13% 73 131 20 _ International 1% 54% * 163 2% I Match Realization 56 £1 Int Mercan Mar * Int Nickel (Can)..» cum 50 134 pref.-lOO 35 Warrants. 2% Internat Prod Preferred 114 lo% 11 4 Class A * Class B * 43 7% preferred- 1 25 1% 2% 3% * 39% 10% 84 7% preferred.. 100 6% Equipment.. 1 Hosiery:— See Textile Stocks Intertype Corp * Interstate 8% 16% 16% 1% 13% Iron Fireman .vtc..* 5% 15 8% 38% 107% 12% Irving Air Chute.. 1 Irving (John) Shoe. 1 _ "5% 16% 4% 1% 9% 40 109 14 w* 95 10% Preferred w W..25 Jackson (Byron) see Jacobs (F L) Co 1 Jarvis (W B) Co.. .1 Jeannette Glass...* Jefferson Electric..* Jefferson Lake Oil% Preferred ..10 Jenkins Bros .25 Jewel Tea ,* Johns-ManviUe 7% preferred- * . 100 "8% Johnson Oil Ref 18% 19% Johnson Tin Foil 6 Metal 100 82 91 87 95 Jonas & Naumb'g2% Jones & Laughlin Steel common. 100 7 % preferred. .100 7 12 2rp 25% 3 6 1% % * Joslyn Mfg & Supp.5 Julian & Kokenge— * Kahler Corp 100 1Q Kane Carburetor..* KC Stk Yds Me. 100 35% 12% 36 13% B" 13% xY 3% . 7 23 84 77 129% 3% 70 1% 25% 45 42 8 135 Kalamazoo Stove & Furnace com 22 20 Preferred ..100 Katz Drug com 1 Kaufman Dept 18% % n* 5% St's New common—1 3% 16% 4% 18% 5% conv pref.100 Kaynee —..10 Preferred 11 * Hummel-Ross Fibre Common —6 Hunter Steel com * 2% 1% 9 16 Ex-dividend. « - 7% conv pre' 100 Keith (Geo O) Co— — ~ 5% 59% 3 2 12 16% Keith-Aibee-Orph— 45 10% 5% 58% 90 100 Kayser (Jul) & Go.5 6 5% 40 5 20 94 • Interstate Home— 1st preferred..100 _ 33 Interstate Dept St's* 8% 12 Humble Oil <fc Ref. %6 31% 100 $5 preferred 3 2% 7% 9 preferred 2% 74 Int Vitamin Corp.. l Interstate Bakeries* * Hubbell (Harvey). 5 Hudson Mot Car..* . Int Text Book Investing Cos. Houston Oil Field Material com 4 * * -.100 Int Safety Razor B. * Internat Salt * Internat Shoe * Internat Silver...50 64" 62 112% 21% 21% Coupon shares. _* Registered shs * Internat Pulp Household Finance— x 10 21% 5% conv pref.. 100 9% 8% Houdaille-Hershey— t New stock, 187 International Paper & Power com.. 15 113 169 31 — 30 Canadian price, Publishing pref. 7% 106 * 29 15% §3 1% 20% Int Harvester.—_* Internat Indus 9% 4% 8% 25 6% preferred 81 32 106% Sewing Mach..10 Int Cigar Mach...* 7% preferred-. 100 8% Hotel 18 154 Internat Educational 24 Vot tr ctfs Howe Scale com if* _ 3% 2% 27% '5* 1% 7% prior pref. 100 4 preferred-.5 18% 12% % 1st pref 10 Industrial Finance— 4* 27 Horn Hard't(NY)_ 3o% 35% 5% preferred.. 100 *112% July 14 2200 Indus Brown Hoist— Inland Steel .._* Interchemical Corp * 6 % preferred. .100 Intercont Rubber..* fnterlake Iron. .* Int. Agricultural..* 25c 16% 12 1900 32 1 27 36 Hollander(A)& Son 5 2nd 1 109 26 2 Oil non-vot A...1 B 1 Ingersoll Rand....* 0% preferred—100 94% 3% 75c 29 16 $1.50 convpref.20 Houston Oil (Tex)- 1% 5% Industrial Rayon..» 2% 35 Holophane Co 5 8% 5c 6 5% 90 4 l\V* $3 pref.... * Indiana Limestone .1 See Investing Cos, 7% preferred—21 See 7 7 73 42 18% 3% * 5% 4 39 - 6% 50 108 130 Motocycle. Preferred _io Indiana Gas & Chem Common. ...5 1% 4% 22 9J 31% * Class 122 46 22% Tool— 6 Hires (C E) Co A..* 5% 38% 16% 3 Class B * Hoe (R) class A. .10 Prior pref 65 33% 24% 15% 15% Brit & Irel'd Indian Refining. .10 Indiana Steel Prod.l Indian Terr Ilium ...1 Holly Sugar.. 7% preferred 7% June [9 6% Chem % 15 15 5% 12 15 27% 4% . Indiana Pipe Line 10 5% 16% 30 108 100 Illinois Brick 10 Imperial Chemical Indus rets ..£1 Imperial Oil Ltd...* . 5% Preferred 100 Hiawatha Oil & Gas 35 18% 135 25 JX 7 4% 96 141 38 23% 120% 16 25% 139 101% 93 3% 3 101% 10 % % Ideal Cement. Indian 6% conv I* Am dep rets ord £1 Independent Pneum 25"" 23 25 Preferred 14* irA 38 30% pref.-lOO 1% 1 * 6% preferred..100 Hershey Creamery. * Preferred.. 100 $5 7% prefunstpdlOO 7% pref stmpd 100 Hygrade Food ProdS Hygrade Sylvan...* 6%s conv pref—.* Internat Petroleum Hinde & Dauch Pac Tea Non vot com 1st preferred.. 100 Great Lakes Dredge & Dock com....* Great Lakes SS * * Hercules Motors $1% 2 7% 1% - 1 1 Common. % of G Heller (W E)—See conv 1 Common of Canada com..5 Motor Parts Corp com.3 Helena Rub'stein..* xlH Huylers Inc— Imperial Tobacco 5 36 — Spenc t Bart & Co com.25 73% 55% 1% 3% 71% % 20 18 101 Hibbard 23% 11% r A_* 30 107 15 r 50 . r Hayes Body Hilton-Davis * Nominal, * Common 07% 29% 104% 16% 103 Heywood-Wakefield 5% 3% * $3 preferred Gorham Mfg n 1 $7 preferred.. Preferred com Engineering Common $4 45 * * Canada k Last sale, 97% 2% 11% 35% 8H $5 conv pref....* Goodyear T & R of Gt All & 3% 7 ...* com $7 conv pref * Hawley Pulp & Pap Royalties 24 * Preferred Gorham Tnc * Class B- Hercules Powder..* 22% Preferred 50 Golden State Co * Goodall Worsted.50 Good Humor Corp Rubber 75 3% Godchaux Sugar— Class A * Goodrich (B F) $5 preferred Goodyear Tire & 1 6%% pref ww 100 Hathaway Bak A..* — 70 Preferred * Gobel (Adolf) Co—1 Goebel Brewing Golconda Petrol Goldblatt Bros 5 A—1 11 Helvetia Oil Hendey Mach §* Hendrick Ranch 5 Class B * 1 Hartman Tob_. Hat Corp class Class B n-v 11% 12% 97% 22% July 21 4% 4% 2 * * 5 15% 102% 1 12 Indus Accep Corp— Cum pref. 100 Cooley—25 Hazeltine Corp ... Preferred 100 HarnischfegerCorplO . 28% 14% 1% 8% 29% 4% 7 6 Hartford Rayon— See Textile Stocks ~1% ..60 Gilchrist Co $5 preferred- - .* 18 88 "" Giant Portland— Cement com, 50 $3 * * Refractories com * .___ 4 —1 Registered shs... * Imperial Tobacco \i 14 52 Preferred 21 11% Gen Theat Equip..* Gen Time Instru—* 51 % 8% 147% Common 8% 14* ux% 29% 122% Haskelite Mfg Groc Store Prod.25c 2% Mi* 116 1% com.l 85% 13% Gruen Watch Transportation- .5 5 * 2 American General Baking S8 1st pref 28 Lakes Term W'house (Ohio)-* 14% 12 12 Hart & 1 11*Great 84 $6 conv pref Gannett Co Inc— 17* 24 General Shoe Grand Union Units..... Fuhrman & Schmidt zip. 36 6 % preferred- -100 Gen Refractories. .* 0% 8% 18% 19% 15 3 34 22 7 % preferred.. 100 8% 10 131 preferred--100 17 % 14% :§« 5 6% preferred.. 100 Harrisburg Steel 5 Gen Rayon A stk—* Gen Ry Signal * 10 30 % 5% 1 pref 16 Trailer..I conv $n 28 18 22 French Investing..* Preferred. 100 Froedtert Grain & common 3% 1% Four Wheel Drive. 10 Partic il« 75 3 cf Canada...— * Malt 2% 5% 3 69% 8% 109 Kg 4% 20 4% 36 Preferred. 19% 20% & Alabaster Ltd.* Hajoca Corp.—.—* Preferred 100 Hall Lamp com * Hall (W F)Print'g 10 Haloid Co —5 Hamilton Mfg— 01A pref part—10 Hamilton Watch..* $6 preferred 100 Hammermill Paper— Common 10 Preferred Hammond Instruml Preferred 50 Hanley (James)— 97" 96 Globe Wernicke...» 2 Gypsum Lime 11% 21% 06% $5 conv pref Gilmer (L H) 0% 31% 86 Gen Plastics ....—* Preferred 25 12 4% 31J4 12% JX 34 i VA 11* 3% Gulfboard Oil—.—1 Gulf Oil Corp 25 A* 15% 121% 48% 123% Gillette Saf Razor.* 3 9 20 * * Gibson Art 7% * 14 Bid Hussmann-Ligonier * Hupp Motor xxi $5 cum pref Harbison-Walker Giddings & Lewis Gilbert (AC) 2% 8% 100 Class B 47% 112% Par Per share 1 8% preferred-.100 15 Class A 6% Sug__* Guantanamo 12 Common Stocks Per share 106 Gen Optical pref ..* Gen Outdoor Adv't'g 14 Foote Burt com * Ford Motor Ltd— Preferred 17% 2% 11% Mills——* Preferred 5 com 11 10% 87 New w i 10 Food Devices,.___20c Food Machinery. .10 38 6% cum pref—100 General Motors.. 10 $5 preferred * 21 .17% 122 Firestone Tire & Rub Common -10 D & D com ,88 124% 4% General Electric-—* General Elec Ltd' Am dep rets reg £1 Gen Finance Corp.l Gen Fire Exting...* Gen Fireproofing. . * 7% preferred—100 Gen Foods Corp— S4.50 preferredGen Machinery—* 4%% preferredlOO 12 % 25 Filene's(Wm)Sons .* Flintkote Co 6 Gen Steel CastingCommon Finance Co of PalOO (M H)—* Fisk Rubber Corp.l. 6 % preferred-. 100 k FitzSimons &Connell preferred--105 7% $6 preferred...—* ~3% Brewery—1 24 60 General Print Ink— 1 Federated Publica's* Ferro Enamel-.—1 Fidelio IVA A Gen Candy A 24 25 5th Ave Coach—25 ft aa Ask Bid 65 2% Gen Cigar common * 7 % preferred. -100 Gen Crude Oil. .2 % lH 20 23 y2 4% % preferredlOO fll General Corp stamped. .. . Farnsworth Telev & Radio. 1 Par Stocks 1.00 General Box Corp.l General Bronze 5 General Cable.....* 5* Ask Per share Per share 7% preferred—100 Keller Dorian Colorfilm Kellett Autogiro. 20 . . 1 92% 22 % INDUSTRIAL Aug., 1939] Quotations for all securities are as near as Stocks Bid Par Stocks Ask Par 2554 common—5 134 Tire 8 90 100 2 Kelsey-Hayes Wheel Conv class A Class Kendall 1 1 B Co 1034 634 1.134 8 Louisiana Oil Refg.* 16 24 18 634% conv pf. 100 Ludlow Mfg Assoc.* Ludlow Valve com.* New 5% n-c pf-20 534 4 5 1234 2834 * 1234 29 % 8 134 234 103 33 128 Co MacMillan 234 MacWhyte Co— 8% preferred. .100 Macy (R H) Co Inc * Mad Sq Garden—* Magazine Repeater 534 634 Preferred.......* 1934 30 50 42 50 14 1 834 8 58 9 73 Koppers Oo 6%pfl00 Kresge Dept Stores 1 4% preferred..100 Kresge (S S) Co.-lO Kress (SB) * Special pref 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* Kysor Heater.. 1 934 1134 Television com__l 59" 5 434 2654 2934 1234 13 634 3034 2854 _ 34 234 2134 2234 26 3134 14 734 6 Shirt-25 Manhattan Manischewitz * 100 6 Co 18 34 Lakey Fdy & Mach 1 3 34 Rubber 3 Lambert Co * 1 1554 34 16 Lanatin Clark 25 26 34 2834 Corp Landers, Frary & Lane Bryant Inc..* 64 1 10 34 Mar. 27 Langendorf United Bakeries— Class A * Class B * 1734 1034 43 54 334 Preferred 50 Lanova Corp 1 Lanston Monotype 1934 45 25 2.00 2.25 Machine 10 1134 Marion St Shov * 100 Rockwell. _1 Preferred 4 Marshall Field & Co* 50 134 55c Martin (Glen L) 1 Martin Parry Corp * Masonite Corp 6% preferred.. 100 * 5% A conv pf-100 Massey-Harris * 30 Preferred Master -.5 3754 1434 33 34 234 42 H 104 5 34 34 254 43 34 107 534 46 1934 334 254 35 * _ 39 2434 25 52 434 99 2734 Oil Co * 5234 434 100 2834 43 46 14 1434 * Preferred 534 100 86 McCord Rad cl A..* 20 * 134 100 14 34 Le Roi Co com—10 McCrory Stores 1 Conv 6% pref-100 Lessirigs McGraw Electric. .1 B Class -.1 Le Tourneau (R G)1 McGraw-Hill 10334 Pub.* 6 92 34 26 134 1434 10834 2134 834 McKeesport Tin Ley (Fred T) & Co.l Llbbey-Owens-Ford * 10 McKesson-Robb'ns 5 100 $3 Lib McNeil & Lib.* pref conv * McLellan Sts com.l Life Savers Corp.-5 Lig & Myers Tob-25 6% pref. 100 conv McQuay NorrisMfg* McWIllIams Dredge* 25 Mead 7 % preferred. _ 100 Lily Tulip Cup.—* Lima Locom Wks_* Lincoln Bldg v t c— Lincoln Printing—* |3.60 preferrod..* Corp * com $6 preferred serA* $5.50pfserB ww* Mead Johnson Menasco 93 1234 3 34 1834 834 100 12 34 16 934 834 10 57 40 141 10 60 2.40 834 62 34 4834 146 1034 * ...... Lincoln Service. .100 * com Preferred Melville Shoe 1234 234 1734 834 Mfg 1 6034 2.50 Prior preferred.50 Lindsay Lt&Ohem 10 Mengel Co 10 Line Material.....5 Mercantile Mercantile Stores..* 17 1934 Link-Belt Co Preferred 100 Merchants <fe Mfrs 86 89 Lionel * Corp lion Match.... .10 Investing » Iipton (Thomas J)— Class A ....1 Brothers * * . value, 20" 12 14 "934 * 434 65 16 Mesabi Iron Mesta 54 3234 it Last sale, 1 Machine Common Partic 31 & com 6 34% pref A100 Messer Oil Corp * Metal Textile . _ 1134 60 34 . 113 58 334 $6.50 cum pref..* Mission Corp 10 W* Mission Dry Corp.. Mission Oil 1 5 434 67 25c prefence.15 134 3634 A A common B common B __1 Gas conv National Nominal, r Canadian price. pref * 10 Lead Valley Line 5834 4 46 11 1834 11 1 3 Barge 1 434 preferred.100 534 % preferred * Nat Oil Products-.4 Nat Paper & Common 96 2254 National 100 Cooker Radiator Nal 2054 30 19 154 Monolith Portl Cem Common _* 434 20 4 Refining new. * $6 prior pref____* 8% cum pref. .100 Nat Rub Mach * i* 334 _ 40 "1 2 9 "934 Monolith Portland 234 134 4034 2 234 234 43 34 234 534 100 60 10 Nat Steel Car Ltd.* 20 Nat Steel Corp 6534 1034 25 * Nat Sugar Refg National Supply— 7 % preferred 100 10 534% pr pref.. 100 10-year $2 pref.40 6% prior pref_100 _ . Nat Supply (Pa) _ 5 534 Nat Shirt Sh Del..* 434 pref.. 10 Monroe Chemical. * Preferred * Monroe Loan Soc A1 Monsanto Chem__10 A,A 5 34 % preferred .10 Nat Service Cos 1 Conv part pref..* 17 Midwest 4 53 3834 . 1154 28 10 3 1834 10 * Nat $6 preferred Nat Standard Molybdenum Corp 1 60" 93 2 com.. 50c Mock Judson & Voe See Textile Stocks. Modine Mfg com--* Moloney Electric A* 143 Pressure 11 Class B__ Mo Portl Cement.25 170 Type— 5% preferred.. 100 40c 5 .1 Preferred 100 com 62 116 8 common Missouri Kansas Pipe Line A 6% 100 100 Steel Castings * Nat Mfrs &Stores._* 25 Nat Tea 50 48 3I* 12 34 3 * common National Tool 1 Nat Transit 12.50 Nat Union Radio.. 1 Co 102 117 104 Natomas $4.50 pf ser A 11734 120 121 V* 834 134 1034 Naumkeag Steam Cum pref ser B * * Montgomery Ward— Common Class A. * 53 16534 Monticello Tobac-_l Monumental Radio 1 2 53 34 16634 234 See Textile Stocks. Nehi Corp com * 4234 27 Preferred B 100 4034 240 Moore (Tom) Dist.i Moore Drop For A.* Morrell(John) & Co* Morris Plan com 25c Preferred 10 Morris Plan Indus 46* 12c* 179 434 % 834 2534 90 91 5% conv pf A. 100 Morse Twist Drill 133 139 Common Mountain Prod 10 Moxie Co class A * New preferred * Mueller Brass Co_.l Muiiins Mfg Corp— — 5% preferred. .100 Bedford age Cord¬ common 134 90 234 13 13 34 1534 1634 5*' "534 6 334 2334 8 334 24 434 39 17 12 34 19 * 5% preferred.. 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Co * Preferred 100 Muskegon Motor Spec cl A ..* 334 434 4 6934 109 34 534 934 "534 1034 1 Nasb-Kelvinator ..5 National Automotive Fibres common.." England Lime units * New Hav Cl com..* New Idea 100 * com N J Worsted pf__100 New Mexico & Arizona Land ♦ 14 34 79 82 19 20 34 934 234 23 3 25 50 15 734 434 634 ~9~" 434 7 634 11 634 50 * 134 1234 2434 154 N Y Air Brake.1 N Y Dock * 40 N Y 1 * non-cum pf * Merchandise-10 N Y 234 6* Shipbuilding. 1 Founders shares .1 1134 934 7% Pref 80 _ N Y Transit Nicholson File 1900 Class B 100 5 * 1 Niles-Bement-Pond * Nobiitt-Sparks 5 Noma Elec Corp 1 North Amer Avia._l $6 preferred 20 * North Amer Cement Common 1 1 Class B pref 1 North Amer Rayon 434 2634 8 5034 2634 1634 2 3534 54 434 534 See Textile Stocks. No Am Refractories Class A......._* Class B ._.._* 6 34 % preferredl 00 34 14 North Central 5 Texas Oil No 11 4 1154 .* Class A pref 48 9 50 New Process Co N Y Auction North Amer Car 1234 834 System 8% conv pref. .25 Myers (FE)& Bros.* Myles Standish v t c* Nachman Springf..* Narragansett Rac'g 1 4 26 $5 46 68 534 115 100 Newport Indus 36* 100 25 634% pref $7 conv pref * Munsingwear Inc._* Munson SS pref A_* "C" units 5 100 Rayon * New 534 July 17 334 3 434 Murphy VarnishlOO New Bedford Class A 34 4034 11134 7% preferred. .100 1 (New stock. * New Britain Mach 60 87 534 6 73 Nestle-Le Mur cl A * New k 85 e Newberry (J J) Co— 90c 834 .100 * 49 Preferred preferred..* Motor Improvem'tl Motor Products * Mot Wheel Corp. .5 Mount'n & Gulf Oil 1 _ 3734 10 Common A. 8% preferred. .100 Morris (Philip) Class B 1 pfd 100 Nelson (Herman)..5 conv Neptune Meter 2434 10 Conv 4 Nebel (Oscar) Neisner Bros 175* Amer shares 1234 70 30 100 Mortbon Corp A..1 Motor Finance 32 30 34 Preferred A & Machinery. * Nazareth Cement-10 Preferred 100 2934 4034 * Moore Corp com..* & Co Ltd 100 28 part pref Bank * Cotton Navarro Oil * Nast (Conde) see C Mat Acme Co 1 39 V' 12 1334 Nation'l Malleable & 6 1734 7% pref A 6% pref B European Oil 254 1 3l6 North German Lloyd Amer shares Northern Finance n * Natl Gypsum com.l 1234 25 "34 2 534 24 20 New class Nat Refining com. 3234 Corp 110 Nat Lock Washer_20 Mississippi Glass— Mutual 54J4 27 20 $5 preferred-..100 Longwest Corp.. * par Scott 1834 100 100 1434 116 5134 2H 934 39 34 734 * Lone Star Cement.* No _ Merritt, Chapman 4634 Loft Inc * 50 Mfg. Preferred 108 34 15 34 Long Bell Lum A-.* Common * * Merrimac 1234 26 34 5 54 pref..• Loew's Bos Thea.25 3534 Preferred * cum 34 Merrimac Hat.. Locomotive Firebox* $6.50 7?* Mergenth'ler 35 Locke Steel Chain.5 Lockheed Air Graft! Loew's Inc 70 6% preferred-.100 Lino.* 1: 100 3 34 Merck & Co com..] 3 34 13 34 Merchants Refrig..* Preferred 100 17 54 16 34 * . 11234 Nat Fireproofing__5 Nat Food Products 24 8% preferred Preferred Cos. 1834 534 1034 1734 National Leather. 10 Murphy (G O) Transportation- Loblaw Groc Ltd A* Class B 4 1734 Merchants & Miners 12 6% preferred 25 Liquid Carbonic—* Liquidometer Corp 1 Preferred 3 34 17* Securities—See * Lion Oil Refg Lit 1 5% conv 1st pf_50 Proper_5 Preferred * Nat Licorice Mtge Bk of Colombia Plate com 50g * Nat Dist Prod 4 Moody's Invest Serv 171 Leonard Oil Devel 25 Lerner Stores * B 1634 354 2534 3934 1434 McColl-Frontenac Lehn & Fink Prod.5 Liberty Baking 18 19 Math'son Alkali 4% conv pref. 100 Lehigb Vallev Coal * 6<£. cum conv pf 50 Lehigh & WilkesBarre Corp * 1434 334 23 34 1 * 7% pref class A100 7 % pref class B100 Nat Dept Stores * 6%preferred 10 234 Monogram Pictures 1 17 Nat Cylinder Gas Nat Dairy Prod 2 Monarch Mach T'l * 101 45 7 % preferred. .100 May D.ept Stores. 10 Maytag Co * 1st $6 pref * $3 cum pf w w ..* McCahan Sugar Refining pref. 100 McCall Corp * Leh Portl Cement.25 534 4&H 1 Preferred Conv pref * Leh Coal & Nav—.* 5 aIh 47 100 Electric Master Tire & Rub. Lefcourt Rlty Corp 1 Leland Electric 434 23 4434 Law beck Corp— Common 1234 Mapes Cons Mfg-_* Maple Leaf Mill--* Margay Oil Corp..* Lawrence Portland riement 100 Leath & Co com—* Preferred * Lebanon Steel & Tr.l Preferred "8 10 10 Marlin Machine Co. .100 LaSalle Ext Univ--5 Lautaro Nitrate A_1 Inc 234 9 100 98 234 Power Implem 1 2 Maracaibo Oil Exp. 1 734 Minneapolis-Moline 1534 * $7 Nat. Cash Reg * Nat Container (Del)l 234e Regulator * 4% pref se'* B.100 Minn Min <fc Mfg..* "634 634 734 Fdy__* 1134 2% 2 1034 134 /« - 22 Nat Fuel Minneap-Honeywell Manufac's Trading 1 Preferred 10 Marathon Paper. .25 Preferred 100 Marchant Calculat 11 10 134 1634 234 Preferred 434 7% preferred.. 100 k Lane Wells Co H " Aluminum S5l 2634 16934 National Candy...* Nat Casket com * 1 134 54 1234 7% preferred--100 National Bronze & $4.50 Supply common.* Mid West Refin Miller & Hart— 3 * com 734 21 1 1 10 New class 96 Midwest Piping & Miss common 92M 30 11634 42 Mansfield Tire & 126 $2 n-c div shares.* Midvale Co * 50 1 * Preferred Nat Bellas-Hess Nat Enam & Stpg_* 2934 11634 1534 100 Milton Bradley pref. Minn Brewing 1 9 Aviation—See Investing Cos. National Battery— Conv preferred..* Miller (I) Sons com 5 *834 Manning Bowman * Milling Products corn.* 8% 1st pref July 12 7 2 1934 Midland Oil Corp— $2 conv pref * k Midland Steel 28 29 54 334 26 * 17 Lake of the Woods 434% pref 3134 1434 65 1 52 i!M 334 Mid-West Abras.SOc Midwest Oil 10 102 $5 1 334 1234 * P Bid Per share Nat'l Preferred _ t c Mangel Stores— 60 834 134 134 734 431 1 v 23 534 * 'J* * Class B 234 pref "■>6, 10 31 _ conv 134 * 25 Option warrants. Preferred 100 Manh -Dearborn 734 v t c 3434 13234 Par Nat Biscuit 1 Class A 22 Common 2834 534 "534 134 % 10 Middle States Pet— Mandel Bros Inc..* 28 6 Major Marketing--1 Mallory (PR) * Manati Sugar com 1 45 26 C) 82 preferred * Mahoning Invest 100 Majestic Radio & 434 ..1 Gas & Oil 4 3 Mahon (R 16 834 * Lee Rub & Tire 1 Razor com. Oum pref 7%.100 Preferred * 234 ' Kleinert Rubber. .10 Laclede Steel 634% Pref 100 Airpl.50c Lynch Corp 5 Mack Trucks Inc.-* 9 154 234 2034 Mich Products com Mid-Cont Petrol. 534 6% preferred--100 Macfadden Newsp.* Macfadden Pub—* Preferred * Mich Bumper 100 Mickelberry's Food 234 Luscombe Metrop Playhouse.* Mexican Eagle Oil_4 Mexico-Ohio Oil...* Mexican Petrol 1 Michigan Sugar Preferred Lunkenheimer Co- 6 234 96 125 134 4 334 * 100 Preferred 1 100 50 Lukens Steel Metal & Thermit Mich Steel Cast Mich Steel Tube_234 26 102 Stocks Ask Per share Mich Chemical 334 8 —«. Bid Par 134 1234 Mac And & Forbes 10 •. "154 Stocks 40c 20c 100 k 10954 July 13 Lago Petroleum 157 IX 1134 9334 734 334 Keystone Steel & Wire common...* Knott Corp Kobacker Stores 7% preferred-.100 2334 23 156 534 1634 * Kingsbury Brew 1 King Seeley com_.l Kingston Products. 1 Kinney (G R) Inc..! $5 prior pref * $8 preferred * Kirby Lumber..100 Kirby Petrol... 1 Kirkham Engine & Mfg Corp 1 Klein (D E) Co * 112 1934 110 102 15 Lamp A * Kerlyn Oil cl A 5 Key Co common * Keyes Fibre com..* Preferred 6% preferred--100 Lord & Taylor__100 1st preferred.. 100 Louisiana Ice & El.l . Ken-Rad Tube & Kimberly-Clark 19 109 150 85 $6 parr pref A— * Kendall Refining. 10 Kennedys Inc 5 $1.25conv pref.-* Class A Loose Wiles Bis..25 Loudon Packing—* 7 7 com Ask Bid 2nd preferred-.100 Lorillard (P) 10 2634 834 89 MISCELLANEOUS STOCKS Per share Per share Kellogg Oo ♦ KelloggSwitch & S .* 5% conv pref. 100 Kelly Springfield & possible for the closing day of the month preceding the date of issue 34 Illinois C rp * 1134 90 INDUSTRIAL & MISCELLANEOUS STOCKS Quotation* for all securities are as near a* possible for the closing day of the month preceding the date of Issue Per share North & Judd 25 Nor Pxyjer Mills..10 26 28 7 634 534 North Pipe Line..10 534 Par Pepsi-Cola * Perfect Circle * Permutit Co 1 N'west Engine-.--♦ N'west Yeast 100 Norwalk Tire& Rub* 17 19 Pet Milk 62 64 42 share. 5 Norw Pharmacal.2 34 Novadel Agene * Noxzema Ohem. 1 Nu-Enarael 1 Nunn-Bush Shoe 2 34 Ogilvie Flour Mills.* Preferred Ohio Brass B 534 45 18 1834 3434 35 6 r 100 r * 634 234 234 1134 2534 16334 1834 13 26 Real Silk Hosiery Mills common—5 2734 634 1834 734 Ohio Leather Ohio Match 14 * .„._* _♦ Ohio Oil 15 v.; 15 * 834 634 18 934 634 6% preferred-.100 105 107 Ohio Rubber * Ohio Seamless Tube* 90 100 . 7% preferred 100 Oil Exploration 434 1 Oilstocks Okonite Pfdiffer Brewing—* Pharis Tire & Rub.l 25 10 Phila Dairy Prod--* $4 preferred * Phelps-Dodge 534 50 $6 preferred * Phila Insul Wire—* Phil & Read C & I.* Phila Record com.* Preferred 62 134 Ltd—See Investing Petrol Derivatives.* Petrol Heat & IT..* Petti bone Mul liken * Cos. 100 Phillip-Jones Corp.* 7% preferred-.100 Phillips Packing * Phillips Petrol * Phoenix Hosiery—5 7 % preferred- 100 Pick (Albert) com.l Pictorial Paper Pkge Corp ..5 . 100 75 90 6% preferred.. 100 85 92 134 1934 734 134 2034 834 6% preferred.. 100 Oneida Ltd coml234 70 75 14 Preferred 25 Ontario Mfg com * Oppenheim Collins.* Oshkosh B'Gosh * Conv preferred..* O'Sullivan Rubber. 1 Otis Elevator * 2834 1234 534 1434 2934 8% conv pref. 100 Pilgrim ExpIorat._l 13 Pillsb Flour Mills..* common Oldetyme Distillers 1 Oliver Farm Equip.* Omar Inc 1 6% preferred-.100 Otis Steel.. * $5.50 conv 1st pf.* Outboard Marine & Manufacturing. .5 Outlet Co ..* com 7% preferred..100 Overman Oxford Paper com.* $6 preferred A * 1034 3834 834 Preferred * Pitts Coal (Pa).-100 2934 234 31" 14 1534 39 6% preferred-.100 Pitts Coke & Iron..* 2334 24 43 4734 $5 11434 pref conv Pitts * Forgfngs—_._1 Pgh Metallurgical 10 Pfttsg PI Glass—25 Pitts Screw & Bolt.* 66 6534 634 O 35 Pittsburgh Steel * 7% pref B_...100 534% prior pf. 100 5% pref A 100 11 13 334 1234 534 334 1534 634 434 Plough Inc 2.50 Pocahontas Fuel .100 4 Common. ....100 434 4 4534 10* Transport $50 par 1434 5 534 34 American shares.Pantex Pressing Machine common * Preferred * Paraffine Co Inc..* 534 Parkersburg Reel Rig 7% preferred * Pathe Laboratories* Peabody Coal B 5 .6% preferred.. 100 Peck, Stow & WilclO 1 com. Preferred Class B_ * Penick & Ford * Penney (J C) Com.* Penn-Central Air¬ 4 7 35 36 pref A..* Penn Electric Switch conv Class A io 48 Common v t c * $7 conv pref * Penna Industries— Units Penn Salt Mfg...50 20 Penn Sugar Penn Traffic 934 92 34 1034 4134 30 27 30 16 1 34 6 4 1 1034 1934 32 37 51" _ 97 11 1834 4234 1434 1834 34 1934 34 .5 34 5 34 34 934 Hall * pref... * Pressed Metals Am. 1 Pressed Steel Car— 1 2d pf..50 16 20 11 1134 134 1234 134 1234 34 2034 34 34 100 103 34 36 34 50 5 6 234 334 10c 30c 434 534 41 42 1034 5634 57 34 92 9234 11 934 * Punta Alegre Sugar * Pure Oil Co * 5% conv pref.. 100 6% preferred.. 100 Purity Bakeries...* Pyle National Co. 5 Pyrene Mfg 10 Quaker Oats * 6 % preferred 100 Quaker State Oil.. 10 Rademaker Chem.l Radio Corp of Am.* . 934 234 2 Inc 334 . $5 pref B_. $3.50 conv * 1st pf * Radio- Kei th-Orph 24 2534 New * _ common New 14 1534 134 28 preferred Warrants. Rainbow Luminous Product A Class B_ common preferred 34 34 14934 34 1 150 "234 234 134 5c Units 174 36 . 7 234 10c£ 294 3834 Raybestos-Manhat * Raymond Concrete Pile common * $3 conv pref Rayonier Inc com_.l $2 cum pref 25 Raytheon Mfg..50c 6% preferred 5 2 3 34 62 234 .... 434 40 1 134 2 Slmms Petroleum. 10 534 Simon Brewery Simon (Franklin) 19 / 28 634 734 834 634' 126 157 1134 134 634 100 20 "434 22 90 * 100 Whhout par value, 33 7/ 78 * Simplicity Pattern .1 Singer Mfg 100 Singer Mfg Ltd £1 Sioux City Stock 2134 134 168 4 com 20 11 Preferred. 20 20 Yards 54 154 23 34 2434 Rome Cable Corp_5 Roosevelt Field 5 1034 1 34 11 5% preferred. .100 2 Sloss-Sheff S & 1-100 94 234 634 $6 preferred—100 Smith (A O) Corp. 10 108 2 1 534 19 334 50 1534 134 1634 234 32 33 19 2034 12 13 114 3734 834 1434 134 42 834 1534 134 17 - _ 2234 434 21 1034 44 574 2 234 34 Preferred d Called Sept. 15 at $110 plus $134 dividend, __ 31 1634 13834 Shore Oil & 5734 10634 1113-4 108 S'eastern Greyhound Lines common...5 112 113 6% conv pref. .20 Southern Groc com* $2 conv pref 50 St Lawrence Flour 1034 11 22 24 115 123 334 2 Development .100 - 1834 2134 9 16 * Preferred South'n PiDe Line 10 334 6 Southern 100 100 St L Nat Stk Y * St L Rocky Mt & Pacific Co.. 100 7334 30 1 Sangamo Electric. _* Sanitary Co of Am 8% preferred .100 San-Nap-Pak com.l Preferred. 834 115 110 28 31 3134 334 "434 7 • * 87 _ 1534 1734 434 1634 * 134 634 Common 2 234 4334 July 21 9 934 34 134 25 Nominal, r 534 Pipe Lines 10 Spalding (AG)&Br_l 1st preferred * Sparks-With'gt'n Co 23 25 5 _ South West Penna 4 19 St Paul Union Stock Yards * St Regis Pap com. .5 Preferred 100 Salt Dome Oil 1 Phosph.10 Webbing Mills. Southland Royal._5 Sou 79 2 100 n 25 25 46 2?4 k Last sale, - 56 . 1934 2 34 -1 100 So Porto Rico Sug_* 8 % preferred 100 Soutn 5 5 Works 4554 Corp.* Units 134 1134 Boss Mfg common _1 South Bend Lathe South Penn Oil 534 34 24 Sonotone Corp 1 Conv preferred..1 South Coast Corp 1034 43 $2.50 conv pref. * Ryan Aeronautical. 1 Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car H & L__ * Safeway Stores * 5% preferred. .100 6 % preferred—100 7 % preferred 100 Savage Arms 1934 11 54 354 1 Solar Aircraft 5434 5354 - 2134 334 Russeks 5th Ave. 2 34 Russell Mfg ..50 Rustless Ir <fc Steel _1 Samson United Sanborn Map 11 60 Sonoca Products—5 5334 5234 Royal Typewriter.* 7% preferred 100 Ruberoid Co * Preferred 1434 - 3 234 of N Y ord shares. com 78 Typewriter vtc. * Smyth Mfg 25 Snider Packing * Socony Vacuum. .15 Rossia Int Corp— St Lawrence ...__15 6% cum pref. .100 Skenandoa Rayon.* Skelly Oil Smith & Corona 17 1 common Mills 134 10134 134 934 1834 9434 634 134 _ 1654 8pear & Co 1 $5.50 pr eferr ed—* 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..* Springfield Ice & F.5 Square DCo 1 1734 134 4334 26 47 1234 72 234 28 33 Squibb (E R) & Son* $6 preferred-. • 80c 1 & Co 7% pref.-.100 1 . 6534 234 434 34 234 154 234 * Common 434 * _ 154 134 Common Simonds Saw & Steel 18 Preferred... ..3 434 934 124 134 434 15 2534 Pt 1 Investing Cos. Roxborough Knitting 18 6 * * Pub preferred Simmons Hdw & See 8534 65 70 Prior pref 100 Slmmons-Boardman 434 $1.20 conv pfd_20 Rose 5 10&25c Store 70 7834 1334 * Silver Burdette— Simmons Co 5 37 Root Petrol Co 1734 834 1 31 $2.50 preferred.30 34 Rolls Royce Ltd Amer deposit rets. 27 80 1134 5 1334 * Common Sivyer Steel Oast _* 68 5 1034 110 * Slgnode Steel Strap'g Silex Co 100 Preferred 100 .100 754 Royal Dutch Co 2734 534 100 14 111 9 Preferred 10 Ralston Steel Car— Randan Corp pt A_* Class B * Rath Packing 10 3034 9734 * Rogers Peet. Rollins Hosiery * 21 6% pfser AAA 100 Sher-Wms Can 834 834 ._* 13 34 1334 122 22 112 103 Sirian Lamp com..* Preferred * 34 52 . 6 Hoist 25 Sherw-Williams -.25 534 1434 334 111 Pullman 3 34 108 10 118 20 11 5 34% conv pf.100 Shepard Niles Crane 78 230 - Shell Transp & Tr £2 * 834 1234 134 11734 334 534 4534 834 34 3734 3834 Shell Union Oil Roeser & Pendleton * 215 com..* 53 * 9 _25c 1st preferred. .100 Original pref. .100 Puget Sound Pulp & _ * oref..* * 8% preferred-.100 5% preferred-.100 334 conv 5% preferred..100 12 37 1454 $3.50 52 47 Prosperity Co B * Publication Corp..* 40 34 134 100 Rogers Majestic A 6134 Shattuck (Frank G) * 5 Rockwood & Co 634 334 134 13 54 * Shawnee Pottery. 1 Sheaffer (W A) Pen* 18 20 Seton Leather 834 5434 Robertson (H H)__* 42 1* 1534 111 Shamrock O & G—1 Sharon Steel Cp * $5 conv pref Sharp & Dohme 1134 Robinson(Dwight P) 1834 1134 Preferred 34 20 11 7% preferred-.100 86 Robertson Pap Box_5 _ Sentry Safety Con.i Serrick Corp cl B..1 1 50 734 134 234 * Preferred 5634 1134 Shuron Optical Works common. 10 Rochester Button. 8 84 Servel Co 70 5 Rlchman Radiator. 1 Cedar 3834 5034 834 2434 1334 334 Rockbestos Prods— Preferred .100 834 834 28 10534 8234 2934 * 7% 1st pref 4 50 6 5s B 1 ware com Preferred Seiberling Rubber.* 8% preferred. .100 5% preferred Selby Shoe * 7.34 5234 3934 1434 Warrants Class 234 Segal Lock & Hard¬ 83 Rice Stix Dry Gds_* 1st pref 100 2d pref 100 Riley Stoker 34 1834 7834 * 66 10 Co 20 conv 4034 1034 Bobbins & Myers. _* Preferred 25 43 Timber 10 7% cum pref.-100 534% cum pf__ 100 Reynolds Metals. _* 534% conv pf_100 Reynolds Spring.. .1 Reynolds Tob 10 common 5% 20 pref.. _.* Seaboard Oil (Del).* Seagrave Corp., * Sears, Roebucks * $2 Seversky Aircraft. .1 1234 2534 1 Preferred 100 Process Corp com..* Proc & Gamble * * 5634 5534 434 34 * Producers Corp. Class A 134 3 34 1734 5934 5734 17 H 18 17 Potash Co of Am. .5 Potrero Sugar com.5 conv Republic Aircraft. _1 Republic Steel * 6% conv pref. 100 6% prior pf A. 100 Res pro Inc com * Revere Cop & Br. .5 7 34 Prentice 134 3 34 Preferred Porto-RIc-Am Tob— Preferred Pref stamped 5 65 1334 1034 * 75c 1 Reo Motor Car Ritter Dental Mfg. * 46 1134 10 . 50c Renner Co Riverside Cement— Class A. ,.* 43 * * - 72 * 100 * Mfg 69 w__25 w Richmond 48 Pollak warrants Richfield Oil of Calif Common * 34 934 1934 20 i ordinary 1734 74 1 Voting trust ctfs__ Polaroid Corp Poor & Co class B Class A_ rights Bond B 101 5% 934 14 Penn Vy Crude Oil— Class A 6 Class B lc Peoples Drug Stores* 634 % conv pref. 10 d 5 Price Bros & Co 18 Penn-Mex Fuel 1 Penn Rivet Corp__l 28 lA Rheern Mfg Co 1 Rhodesian Anglo. 10s Rhodesian Selection 10 -.100 5 % conv 1st pf.„5 "5" 4 Penn Federal Corp.* 4 34 % preferred.50 Penn Glass Sand— 734 Common 81 lines Corp .1 Penn Coal & Coke 10 Pa-Dixie Cement..* 7% 534 . 30 * Pender(D)Groc'y A* Pleas't ValWine Col Preferred "4" 1254 % Richardson 7% 1st pref—100 conv Peerless Cement * Peerless Weighing & Vending % & 1 common |h 11334 534 934 1 Potter Co com 1 Prairie Oil & Gas.25 Pratt & Lambert. _* Refining com___l Pantepec Oil Co— Parmelee Trans * Pathe Film Corp__l 60H ' 110 Parker Pen 10 Parker Rust Prf.234 Park & Tilford Tnc.l 3 934 Class B 16" 15 834 64 Class A Pan-Am er Southernl Panhandle Prod & 4% conv pref. 100 Paramount Motors 1 Paramount Pictures 1 6% 1st pref...100 6% 2d pref 10 Parke. Davis Co..* 50 434 Porterfield Aircraftl 1334 5 B Plant Reduction Plant (Thos G)— _ Pan-American For¬ eign Corp class A1 Class B l Pan Amer Match.25 Pan Am Petrol & 48 ..* Plymouth Oil 1.60 40 9 834 334 334 Page Hershey Tubes k 10134 Mar. 9 Pairpont Corp.. 100 3 134 Palmer Bros * Preferred 60 Pan Am Airways..6 Pittston Co "3" 1234 - 734 534 2934 3(6 29U 2 Rein'tn Rand com.l B 734 .._* Seaboard Fin Corp.l $2 cum pref w w_* Seeman Bros 1134 $1.50 conv pref.25 Remington Arms..* i¥A 634 434 734 1034 1034 10134 100 Reliance Steel 434 Pitney-Bowes Post.* Pittsburgh Brewing * Pacific Can Preferred 100 Pacific West Oil.. 10 Packard Motor * Preferred Lace—See Stocks. Steel— Common Warrants 934 ' 10 (Illinois) 234 4334 234 iJ* * Eng 5 Reliance Mfg Co 36 434 Oil.34 Reliable Stores Textile Scullin 34 iiK 7* 7% 1st pref—-100 100 8% preferred-J100 Schwitzer-Cumm .1 Scott Paper * 4J4% preferred .* Scovill Mfg 25 Scranton 3 19 Reis (Robt) & Co..* Reliance El & 134 2134 14634 1034 131 Pac Eastern Corp__l Pacific Port Cement 4 3534 234 4234 134 38 2 25 434 3934 434 434 Pirelli Co of ItalyAm shs 500 lire... 26 21 Preferred 33 * _ 7 % preferred Schulte Real Estatel _ 834 99 * Reiter-Foster 7 6 Mills Ltd Schiff Co com 5 34 % preferred. Preferred 28 8 * 634% pref 100 Regal Shoe pref. 100 Regent Knitting 5* 33 27 * Reeves (Daniel) Savannah Sugar 1 Savoy Oil 5 Schenley Distillers.5 534% pref 100 Schulte Retail Sts.l 4134 30 Pines 28 Pacific Coast Co. .10 1st preferred * 2d preferred * 3^ 134 10 35 Reed Roller Bit if 634 Winterfront.l 1 8 Units. 1734 25 18 30 Preferred $5 preference * Pac Amer Fisheries 5 * 434 1634 7234 1634 434 16 50 Preferred Pierce Oil Corp— Cushion Tire 6% pref * Owens-Ill Glass.1234 Pierce Butler Rad_5 Pierce Governor * 334 Reece Fold Mach.10 734 834 3834 734 2J4 2 Reed Prentice com.* 234 734 7J4 834 3934 134 7% 45 734 Reece Button HolelO S Par 334 • 44 Red Rock Bottlers. 1 Conversion-1 Petrol 334 7% cum pref. .100 Reda Pump * Red Bank Oil * 20 Phila Daily News. Ohio Forge & MachtneCorp * share Par 220 2634 Pet Corp of Am— See Investing Cos. 7% preferred... 50 Per 210 Canadian price, _ .. * t New stock, 10834 x Ex-dividend. AUG., 1939] Stocks Bid Par A" iSi* 4M Tishman Realty...* % Tobacco & Allied See Investing Cos. Tob Trod Expts * 26 M 25* AH 26 X 25* 49 M 18* 15 * AIM 24 * 106M * 9* 32 \l* 35 1* 41M 27% 24X * zl" 38* 36* 1M 43* 28M IX r 72* 10* r r 13 75 11 14 4M June 26 30 8 * July 27 1 5* 2M 3* 19* 78 M 2* * 6 40 * 9 12* 6M 95 43 4* 10* 5 t* 8* 9 29 7 8 6X% conv pf._50 Superheater Oo * Superior Oil Corp__l Superior Oil (Cal) 25 Superior Portland. Cement A pref * 36 38 24 * 25* 2* 39* ?* 50 127* 11 13 2M 2X 41 27 United 32 X 5 1" 2M Technicolor * 15* 4* 5* 1* 16 4M 5M 2 2 16* 36 * 3 % 28* 7* 2X 700 Sharing 18 * 60 3* 22* 20 M 29 X 10* 3M 2% 2X IX 50 7X 20* 30 10* 4* 3 3X 2X 51M 8M IX 8X 29 X 7% 800 6* 60 X 4 1 Preferred 25 United Specialties. 1 U S Distributing...* 7 % conv pref.100 U S Envelope 100 100 * * 1 US Freight ♦ U S Gypsum.....20 7 ^preferred... 100 U SHoff Machine.5 pf 50 U S Ind Alcohol...* U S Leather com..* 7% cum pr pf.100 Part conv& cl A_* 23 n Nominal, r 45 110 1* IV* 52 109* 1* pref * 6% prior pref-100 Universal Corp vtc.l Universal Cons OillO 18 28* 61* 22* 59X sM 22 35 18 X 114 60X 17 X * 7% cum pref. .100 Valley Mould & Iron Common * Valley Osage Oil Valspar com $4 conv pref * 1 ... 7% 1st pref 100 Veeder Root Inc ..* Venezuela Holding. 1 Venezuelan Petrol.l Vick Chemical 5 Viking Pump * Preferred.. * Victor Brewing 1 Victor Chemical 5 Va-Car Chemical--* 6% part pref. .100 Va Iron O & O—100 22* 4* 2* 5% preferred..100 VogtMfg— * Vulcan Corp com..* 4*% pref 100 3 % preferred 100 Vulcan DetinninglOO 7 % preferred--100 5* 5* Wagner Bak v t Wahl Co.... 24* IX 21X 1* 22* -. 3M IX M 5M 5* 62 X 6* Waco Aircraft * c. -1 * Waitt&Bond Inc A * 64 3X 30 X 81X 12 21 68 5M 4M 55 82 Class B... IV* 22 72 & Worts com Preferred 1* 6% preferred 10 Ward Baking Corp— 49 7 91 174M 6M 32* 4 44 7M 8 57* 33 3 33* 116* 51 49 2 2* * 1* 42* * * 7 % preferred.-100 Warner Bros. Pict._5 3* * 37 100 $ 175 7* 35* 18* 4* 53* Wilson & Co 7* 9 IX 1* Woodley 25 3* 22 2 _ Wood 70* 75* Prior pref units Woodward Iron. .10 129 4* "5" Woodw'd 6 6* 1* 5* * 7* 22* 98 Preferred 100 Wellington Oil 1 Wells Fargo & Co—1 8 x Ex-dividend 40c 5* 5 7* 1* 7 2* 1* 7* 1* 3* 3* 35* IV4 8* 7* 115 2.40 2* 6* 4 43 4 5 Loth'plO 1 5 18* 50 117 49* Woolwortb Ltd— Am dep rects ord. Preferred ; Worcester Salt-.100 Preferred 100 15 6* 40" 102 Worthington Pump & Mach-.. 7% pref A * 100 100 6% pref B 15* 53* 47 4*% 20* 5* conv prior preferred 100 4*% series prior "5* 37* 5* preferred ...100 Wright Aeronaut'l.* 11* Wrigley (Wm) Jr..* Wurlitzer (R) comlO Preferred 100 83* 8* Yale & Towne 23 5 10* 2 1* 34 35 5* 55* 57 5* 6 - 7* 27 - . . 7% preferred-_105 * 7% Preferred--100 Young (J S) Co. 100 100 26* 100 90 1* 16* 110* 4* 31* 81 128 Young(LA) Spring 43* 25~" 23 . York Ice Mach - 11 28* 19* 19 25 Yates-Amer Mach .5 Yellow Truck & Coach Mfg cl B 1 & wire Youngstown , Car 12* Steel common 5 2 Youngstown Steel 25* 2* Door 26 4* 16* 107 3* * Tube 4* — 4 1 - — * 5*% pref-.100 42* 76 Young (Thomas) Nurseries 18 . 21* common Youngstown Sheet A 3 60 XT Welch G'pe Juice 2 * I New stock, & Preferred 100 Woolw'th (F W)_10 45* 20* Bros 1 1 Machinery pref..* Preferred Wayne Pump 1 Webster Eisenlohr.* 7% preferred--100 Brower com Petrol 40"" (Northam) * Warren (S D) Co__* Waukesha Motor __5 Wayne Knit Mills— 103 Newspaper 30" 8* 2* $3 conv pref niH 76 12 7 4* 11 26 5 5 1 10* WJR 4 Weisbaum * .100 Wolverine Portland Cement com 10 Wolverine Tube 2 Wood (Alan) Steel.* 7% preferred- 100 Woodall Indust _2 24* 2* 21* IX 9* Station 30c" 7* 2* Warren * Preferred com Zenith Radio Zonite Products... 1 25 2*8 Preferred 50 The Goodwill 20c 3 * * $6 preferred.. Wilson Line 18 See Textile Stocks. 7* 91* Willys-Overland 1 6% conv pref--10 9* 5* 16* 38* * $1 cum. 1st pref-* $3 cum pref * Warren Fdy & Pipe * * Winters & C'mpton 1 WItherbee Sherman * Warren Bros * 1* * 42* * Preferred 5 Willson Products.-1 Wilsonite Products 1 Wilson-Jones * Winsted Hosiery 100 pf conv Gas... 25* 34* 6* 27* oiH 15c Oil-O-Mat Williams (R O) 5* 17* 40 24 Chocolate com 50c Preferred $50 Willcox & Gibbs—50 Wilcox (H F) Oil Wm 137 95 Wil-Low Cafeteria— Oonv pref * 60 24 115* * 23 108* 9* 90 & 24* 2?* 1 13* .56 Prior preferred--* Wilbur Suchard 103 6 Warner Co com 48 Wleboldt Stores Walt ham Watch cl B $3.85 X X 4% 20* 8* 1* 24* 36 24* 55 108 52 Pipe common..25 * 19* 44 5 1* 10* 86* 7% first pref-.100 17* 7 4 32* 2* 25* 80 Whitlock Coil Wichita River Oil .10 Wickwire Spencer Steel common 10 20* * * 48* * 7% prior pref.100 6% preferred. .100 86 pref * White (SS) Dental 20 White Rk Min Spgsconv 45* * Walworth Co 16"" $4 6* 25* 24* Whittaker Paper— ■?* J* 6* 65 White Motor 1 White Sew Mach .* Common WalkerJH) Good'm * 95 Corp _* 6% Preferred--100 $5 conv prior pf.'* 7% preferred-.100 Whittall (M J)5% preferred. —10 7* 22* 95* Com class B_ 33 Wheel Steel 17 7* 2* * Com class A 2M X 6* Weyerhaeuser Timb* 4 —— * Walgreen Co com—* 4* % pref w w 100 6* 2* 86 * 6* 33 97 18* 18* 24* 34 3 19H 107* 135* 4* 16* 39* 5% conv pref-.30 Weyenberg Shoe I 8* 23 8% preferred.-100 * * * * Weston El Instru—* Clhss A ♦ 17* July 26 5 39 6* 57* Westland Oil 70 7% preferred-.100 Corp— * 13 Westvaco Chlorine. * 161 Vadsco Sales Common 104* 8 5 68 Utah Radio Prod—1 Utica Knit Co 100 r 57* 157 7 Victoria Gypsum. _* Preferred 100 64* 2 8% preferred. .100 Universal Pictures-1 Vertientes-Camag'y Sugar common. .5 Vicana Sugar v t c.3 118 2rH 12* 84* 40 1* 22* 22* . & 10 100 common Westinghouse Elec & Mfg com 50 7% 1st part pf.50 82 Van Dorn Iron Wks* Van Nor Mach Tool5 Van Raalte Co .5 17M Brake 80 8§M 1F 32 Western Tablet & 2 .1 16* 27 X _ :_* 8% 1st pref 100 July 20 Stationery * 3% Westinghouse Air. 3* 6* 1* 55* * 4* 1 * 11* 93* 3* Pulp Pap—* 8* Western Air Expr_ 1 2 West Auto Supply— Common.. 10 45* 1 111* Western Dairies $3 preferred 1* 53* Western Groc Ltd.* Preferred 100 67* 52* Western Newspaper Union common. _♦ no* U ni versal-Cyclops Steel Corp Univ Leaf Tob Va Preferred 3 2 18* 60* 4* 7 * W o 75 Common 50c. United Stove.— 1 United Wall Paper_2 • W Va Coal & Coke. ♦ 36* 46* 7 % non-cum pf.25 United Stockyards— Common 1 Conv preferred..* United Stores A 5 pref Steel Foundry m 13* 17* 58* 3* * com conv 8* * 16* Canadian price. \ * $4 West Indies Sugar. 1 West Michigan 2 * - Van Camp Milk $4 preferred 8X IX 10 M conv Corp U S Tobacco 83 * 21 5X% 3 20 . 82X * U S Foil B 7% preferred. .50 U 8 Steel Corp.. 7 % preferred. 100 U S Stores com. * Conv 1st pref * U S Sugar Vanadium Corp 40 * 1 25 238 3 2* 12* —* Wesson Oil & Snow¬ 14 24* * Valvoline Oil comlOO IX B Finishing 7% preferred 4 k Last sale, 7X A Class A.. Un Shoe Mach 1 6% preferred—.50 U S Realty & Imp. * U 8 Rubber 10 8 %n-cu 1st pf.100 U 8 Rubb Reel * U SSmRef&Min50 Universal Prod * Upson Co com. 12* Preferred 100 Utah-Idaho Sugar-5 Preferred 10 9 10 25c U S 37 6* 2* 10 2M 3* United Screw & Bolt Preferred 18 Land 1 2M 2X Profit Un Shipyards B 3* * 7M 8* Class * * IX Class 100 * No par value, vtc 10 % U S Radiator conv 13 50 Waldorf System 30* Texon Oil & Land. .2 2* Electric 47* 36 1 * 7% preferred-.100 United Elastic._._* 46 X 9 33 Taylor Craft Co $3 conv pref Dyewood.10 $3 part pref* United Molasses Ltd Amer dep rets. .£1 Unit Paperboard- 10 Preferred 100 Unit Piece Dye com* Preferred __100 . _ 2d series warrants. United Drug 5 United ___1 United Milk Prod._* See Investing Cos. $3.60 conv pref. Thermoid Co Stores com.. 10c $5 preferred * Un Drill & ToolClass A.... * Class B. * &Mfrs 5 _ IX 7M 3M 35 M United Merchants 6 Thatcher Mfg _ 23 3X Trust old stk_.100 Ctfs sub shares. .1 Chemical..* $3 part pref * United Cigar Stores— 6 % preferred 100 United Oigar-Whalen Coal Cos com...5 Un Eng & Fdy 5 United Fruit. * 8X 2X 5* * Pacific pref. 100 United Carbon. * United-Carr Fast-.* 5* 17 X t& 3 Texas conv 2% X 25M 4 . 7% 16 1 Texas Corporation 25 Texas Gulf Prod. * Texas Gulf Sulph..* Tex Pac Coal & Oil 10 1M 6X 3X 33 M 12* 1* 15 1 1 10* Preferred 37* * - Preferred $6 10M IX 46 w w ____* 16* 12 X _ x w Corp 5 Prod...5 32 15M 5 ... 26 M 21X Telaut'g'ph Corp..5 27 37* 5* United common .5 5 38 Un Aircraft Prod__l United Air Lines Common Preferred 2 United Taggart Corp 1 $2.50 pref--...- * Talcott (James)— com. Un St Yds Omaha 100 Union Tank Car * Union Twist Drill..5 United Aircraft .6 5* 17M dep ctfs of bear shs Sylvanla Industrial * Symington Qouid— Inferred Union Oil of Calif. 25 Union Premier Food 2M * 24 X 3X 7% 1M ...25 Swift Internat Ltd— Tennessee Term & Trans Corp common * Union Bleachery 100 Union Carb & Oarb * Union Mfg 25 15M Swift & Co Tennessee 1 com com 13 H 1 Inc * 44 Sweets Co of Am.50 Sweets Steel.-----1 Swift Business - Lamp 1 80c div conv pref * Transport 8 1 25 29* Un Artist Theatre.* Preferred 100 United Biscuit .* 30* 49 Iron Sr Steel com 10 Tubize Chatillon— See Textile Stocks. Series A pref * Series B pref—.* Underw Ell Fisher.* Unexcelled Mfg.. 10 Union Bag & Paper 125 Talon Inc _ Steel 1 8X 1M Sutherland Paper. 10 Swan Finch Oil. 15 16* iSH 27X 3 * it* 9* 1 56 23 Truax-Traer Coal. * Trunz Pork Stores.* Stores com 1 Conv preferred-15 Superior Steel...100 Susquehanna Silk 4X Wentworth Mfg.l^' 1* 44* 36* Ask Per share Par drift 1 Bid Stocks Per share Corp $1.50 conv pref-20 U S Postal Meter. _1 U 8 Print & Litho— „ _ 55 X 2 1 3 M * 4M Triplex Safe Glass.* Triumph Explos 2 Trojan Oil & Gas of Delaware 1 CJlen & Co 75 5 Tampax Inc 1 Tastyeast Inc cl A 1 Taylor-Colquitt Co 5 Taylor & Fenn.-lOO Taylor (K) Dist 1 Taylor-Wharton Trans western Oil. 10 Trico Products * Twin Coach * Common Common Picture Screen-.1 Transue & Williams Steel Forging * Udylite Corp 6% cum pref_ .100 Sunray Drug 1 Sunray Oil 1 Machine 5 Daylight 9 40 Studebaker Corp 1 Submarine Signal.25 Sullivan Macn'y » Sundstrand Mach Mills class A Class B..__ 25X 159 X 14 X 46* 2M & West Air Line Trans Lux Common 3 93 * B Transcontinental 79M 12* 5M 1.25 preferred..* Class i$H 20th Ctnt Fox Film Strut hers Wells com 155X 14M 45X IX * Common 2 11X 11X Tung-Sol 7« Stroock & Co—See Textile Stocks. Strouss Hirshberg.* common Securities..* Preferred 100 Trane Co 2 Transamerica Corp ~5* AM Strawb'ge & Clothier 6% preferred-.100 7% preferred. _ 100 Stromberg Carlson.* 6% preferred- -100 5 * * . 3* 3* 21X 8M Webster--* fetorkllne Furn 10 Cos. * & Pump Shipbuild Torrington Co.. 22 18 Stone & Oil Shipyards $1.50 preferred..* 5 ..25 5 Stokely Bros 1 Oonv pref.....25 Tool See Investing Truscon Stinnes (Hugo)Corp5 Stlx Baer & Fuller. 10 Sun 12 X 23X U S Lines pref U 8 Pipe & Fdy. .20 U S Playing Card-10 U S Plywood 102 Tokheim Oil Tank Towne 108 l* 1 com IX 10 X 11 91 17 3* 25X See Investing Cos. 36 Sterling Brewers... 1 Sterling, Inc 1 $1.50 preferred..* Sterling Products. 10 Titus ville 16* 3* 24 H 101 Ask Bid Stocks Par Tobacco Secur Ltd— Todd Toledo 42 135 6% 1st pref 60 k 5% 2d pref 20 k Sterling Aluminum Stewart-Warner * com Timken Roll Bear.* Ask Per share Stocks Inc 1 common pref-20 conv 1* 9* Spring. 5 Preferred A. Stetson (JB) Preferred $1.40 %, Stanley Works 25 Starrett (L S) Co—* Stern Bros 26M Tide W Assn Oil.. 10 4X% conv pref.* Tilo Roofing com.-l Time Inc 5% preferred—100 com _ 18$ * $3* preferred Ttmken-Det Axle. 10 Standard PlasticslOc Standard Products. 1 Standard Screw. .20 Preferred A 100 Stand Silica com 1 Products 106 4M Stand Oil (Ohio). .25 Preferred.. 25 Steel Products Eng 6 Stein (A)& Go com * Sterchi Bros com..* Thompson-Starrett * 6y 17* 25* pref-20 Starrett Corp— Common v t c—1 Steel Co of Can—* 108 Thompson (J R)--25 Thompson Prod—* $5 conv prior pf_* ' Stand Oil (Cal) • Stand Oil (Ind) — 25 Stand Oil (Kan)..10 Stand Oil (Ky).—10 Stand Oil (Neb)..25 Stand Oil of N J—25 Stand Steel 5 Thew Shovel.. 93 6* 105* * Stand Commercial Tobacco com 1 Standard Dredging Common 1 Stand Tube cl B 2X 90 Standard Coated Products com. 10c Preferred 5 cony Par 12* possible for the closing day of the month preceding the date of issue Bid Stocks Per share Stahl-Meyer com--*1 Preferred--—100 Staley Mfg Oo-.—lO 7% preferred--100 $5 preferred— Standard Brands-.* $4.50 cum pref..* Standard Brewing-.* Stand Gap & Seal—1 Conv preferred-10 $1.60 Ask are as near as 91 MISCELLANEOUS STOCKS INDUSTRIAL & Quotation! for all securities 9* 19* 2* Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore, furnishing the prices bolow, it will be found that for the single maturity bond a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1939 to 1951 and is quoted 0.50 to 3.00%—would indicate that the 1939 maturity yields 0.50% and the bond due in 1951 yields 3%. Therefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and in asked prices. Yield Basis Bid UNITED STATES—See Treasury Bonds— Yield Basis To or Bonds Ask also page IMs 1942, 1946, 1949.—M&S 5 2.00 4s pub highway 1949-51-M&S 5 2.70 Is refunding 1941-1954---J&J 5 1.50 3 Ms refunding 1955-1965-J&J 5 2.50 State Bridge Corp 4s 1939-1951 103 104 Bridge Auth. 4s July 1 1957-Annistonref g 5Ms Dec 1 1939 101M 58 schools 1940-1947---J&J 6 2.00 19. _ 4 Ms Oct 15 1947-1952. A&O 121.30 4s Dec 15 1944-1954---J&D 116 3 Ms Mar 15 1946-1956 3 Ms June 15 1940-1943 3 Ms Mar 15 1941-1943 M&S J&D M&S June 15 1943-1947 J&D Aug 1 1941 __F&A Oct 15 1943-1945-A&O Apr 15 1944-1946-A&O June 15 1946-1949 J&D Dec 15 1949-1952 J&D 122 116.1 115.30 116 103.9 103.7 105.13 105.19 110.22 110.24 106.10 3Ms 106.8 3Ms 110.18 110.19 3 Ms 111.3 111.1 3 Ms 112.9 112.7 3 Ms 113.21 113.23 3s June 15 1946-1948—J&D 111.15 111.17 3s Sept 15 1951-1955.-M&S 112.10 112.13 2 Ms Mar 15 1955-1960 M&S 109.26 109.29 2 Ms Sept 15 1945-1947 M&S 109.22 109.26 3 Ms Mar 15 1948-1951 M&S June 15 1951-1954 J&D Sept 15 1956-1959 M&S June 151958-1963 J&D Dec 15 1960-1965 J&D Dec 15 1945 J&D Sept 15 1948 M&S 2 Ms Dec 15 1949-1953 J&D 2Ms Sept. 15 1950-52.M&S 2s Dec 15 1947 J&D 3s Panama Canal 1961—Q-M 3b Conversions 1946--—Q-J 3s Conversions 1947--.—Q-J U S Treasury Notes— 1M% Sept 15 1939 1M% Dec 15 1939 1M % Mar 15 1940 1M% June 15 1940 1M% Dec 15 1940 1M% Mar 15 1941 1M% June 15 1941 1M% Dec 15 1941 1M% Mar 15 1942 2% Sept 15 1942 2Ms 2 Ms 2 Ms 2Mb 2Mb 2 Ms 2Ms — 1M% Dec 15 1942 ... 2 Ms 4s A&O 5 1.50 A&O 6 1.50 107.29 108.29 108.31 109.1 107.8 107.5 105.29 105.31 123 125 111 ^ 112 2s Dec 1940 2s Apr 1 1943 111 M 100.3 101.15 101.22 101.22 102.2 102.12 102.15 102.25 104.3 105.13 102.18 Gen fund 4Ms 1941-66 J&D 5s U & S A&O opt '46 A&O to 3.15 to 3.15 3 Ms 1939-1977 J&D b 1.00 3 Ms ser A 1940-1977.J&J b 0.75 3 Ms ser B Jan 15 *77 J&J 103 to 3.20 to 3.20 2.25 to 3.35 100.13 101.24 101.14 to 3.25 100.29 106 Colorado River Waterworks Ref 4Ms 1948-1977.F&A b 2.75 Ref 3Ms 1978-1987-F&A 5102 111 to 107 to 3.60 F&A b 2.50 to 3.60 0.25 to 1.50 100.29 100.31 102.10 102.12 % 3.50 % 1.40 % 2.85 % 0.25 to 0.25 to to 1.70 Flood Control District— to 3.00 103 108 102 104 J2&J2 J2&J2 2 Ms 1952-1953 J2&J2 2s 1954-1958 _J2&J2 Pasadena 4s 1940-1942.-J&J Redlands 5s 1940-1951-J&J15 Riverside 5s 1940-1953—J&D Riverside Co 5s '40-'54__M&N 102 105 100 102 36 38 1940-1943 2s 1944-1951 to 111 3.50 % 2.50 3.25 % 1.50 to 2.20 2.25 to 2.40 0.50 to 1.25 .25 ....! J&J 5 3.00 3.25 4s 1940-1964. M&N 4Ms Univ Bldg Jan5'40-65J&J 4Ms Highway 1940-48-J&J30 4Ms 1940-1947—. F&A 4 Ms Olympiad 1940-71--J&J2 4 Ms 1940-1952 F&A 4s Harb Imp 1985 opt '50. J&J 1.50 to 1.25 to 1.25 5s Jan 2 114M less 2 less 0.50 2.80 to 0.75 to 3.00 '39-'63-J&D 0.40 to 2.90 0.40 to 2.25 Par to 2.30 0.40 to 0.75 4 Ms gold Aug 100 3.10 to 2.90 1943—F&A ,%40 3.50 Turlock Irrig Dist 6s West Side Irrig Dist 6s 2 f 40 1941-1943 4s Jan 2 1944-1948 3 Ms Jan 1 1940-1949 I % % to 2.50 b 2.20 to 2.30 b less 1 b 3.25 b b 5 2.75 less M b 5 3.40 less 1 3s 1963-1972 opt 1955-A&0 b 5 4.00 less 1 3 Ms Mun Water Retire 1963-1972 opt 1955-A&O b 2 Ms Sewer Disp '47-'56A&0 b Moffat Tunnel Imp D— 5 Ms 1944-1963 J&J b 106 5Ms 1947-1956 J&J b 5 0.50 to 106*2 5Ms 1964-1973— J&J b 5 0.40 to 2.70 5s 1974-1983 J&J b 0.50 to 2.20 0.50 to 1.90 98 M 97 M 98 M 98 99 M 99M 102 4Mb Water 1962-1965-J&D 5 D No 1 4 Ms 1940-53-J&J SDNol 4Ms 1940-47-J&D 4s July 1941-1945 J&J 3.65% March 1. 1950-54--2M« Sew dist 1947-56-A&O 5 Par 5 0.40 to 2.10 5 Par to 2.60 J&J2 5 0.75 J&J2 5 1.65 to 1.25 J&J 5 0.40 to 2.05 to 2.15 to 2.45 to 2.45 2.00 % 113 J&J 5 1.00 Berkeley 5s 1942-1951 5s School 1940-1955 .J&J 5 0.25 East Bay Mun Util Dist— 5s 1940-1974 J&J 5 0.30 to 2.60% H Called Aug. 1 at 100. b Basis. to 1.60 2.00 to 2.20 1.90 to 2.20 2.25 2.15 2.30 2.25 1.80 to 2.10 2.15 to 2.25 2.65 to 3.40 3.40 to 3.55 3.40 to 3.50 b 0.10 b 0.75 b 0.50 to 2.10 / Flat price, . „ b b b b 0.35 0.25 0.40 0-25 to 0.70 to 1.70 to 2.00 to 1.70 to 1.70 to 2.15 ^ 1941 tax le. A&O b 0 80 0.60 lMs 1939-1958--A&O 6 0.25 East Hartrord (Town)— to 1.85 % 4 Ms School 1939-59.-M&N b 0.25 2s 1941-1965F&A & 0.50 to 2.25 % to 2.00 1 b 0.25 to 1.40 b 0.25 to 1.60 b 0.25 to 1.55 b 0.20 to 1.00 70 b 0.20 to 1.20 % M&S & 0.20 M&N 5 0.20 to 1.60 3 Ms Fund Darien 2.30 to 2.50 59 M t Hartford— 5 1.00 2 Ms WatWks 1956-76 M&N 5 2.90 3 Ms Water wks 1952-1975- 5 3.00 2.70 % Dan bury— to 2.10 64 M Los Angeles (City)— 4s 1940-1962 % 2.40 % 2.65 % % „ Ms 1939-1945 F&A Fairfield (County)— lMs 1939 to 1950 J&D 1 Ms 1940-1949 A15&015 Greenwich3s 1939-1944--F&A 1 Ms 1939-1947 F&A East Contra Costa Irrigpist6s 94 Golden Gate Bridge &H'way3 Ms series C 1942-1971 .J&J 5 1.25 Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 „„ „ to 2.40 to 2.40 % CONNECTICUT Funding and building bonds— .65 lMs 1939-1943. J&D lMs 1944-1958 J&D Branford (T) 2s 1940-57-J&D Bridgeport— 5s Refunding 1940-48--J&J 2Ms Refunding 1940-47 J&J 1 Ms 1940-1948 J15&D15 Bristol 5 Ms 1939-1957—J&D to 1.00 to 2.55 Bakersfield 5s 1939-1952-A&O 5 0.25 ALABAMA % 1.65 to 2.90 5 0.40 113 2.90% 1.00 to 1.30 to 2.70 109 to 2.25 to 2.50 to 2.50 108 115 Ms State H'way '40-'54-J&D b 0.75 to 1.90 3s Feb 1940-1952 F&A 5 0.40 2 Ms Feb 1 1940-1954-F&A 5 0.40 3.10% 94. to 2.60 99M 99M Veterans Welfare— Puerto Rico— page 2Mb warrants 1952-54 J&D b 2.50 2s Highway ref, 1940-'47_J&D b 0.50 Colorado Springs— Ref lMs 1940-1943---M&S 5 0.50 Denver (City and County)— 4 Ms Water 1944 J&J 4Ms Ref Wat 1940-67-J&D b 0.50 99 M 2 Ms Feb 1 1940-1954.F&A 5 0.40 Alameda 4s 1939 to 1941. J&D 5 0.30 4Ms Mun Imp *40-'48-A&0 5 0.75 to 2.80 to 1.90 to 2.90 100 116 4Msharbor impt June 1 '40-'73 b 1.00 4Ms highways 1952 ._M&S b 2.60 4Ms 1956 and 1959 ....M&S b 2.85' 4s renewal July 1,1956 b 2.85 0.75 1.75 COLORADO 114M 3 Ms renewal class C 1956-J&J b 2.70 to 3.00 1 2.75 % 102 b 0.75 b 0.70 to 3.25 0.50 4s Wat Distrib 1 3.25 101 b 3.00 0.75 1.70 3s warrants 1940-1951-.-J&D b 0.75 . Calif Toll Bridge Authority— San Fran-Oak 4s 1976-M&N 1.40 113M to 1.80 to 3.25 less 99 CALIFORNIA 117 113 to 2.80 2s 1940-1949 --J&J San Joaquin Co 5s '40 '49-J&J Santa Barbara 5s '40-41 -JanlO to 4.10 99 5Ms 1955-1965 to 2.15 M&S Par 0.30 2.80 1940-1964 3Ms g July 1. 1940-44.-J&J San Francisco (City & County) 5s Water 1940-1969 J&J 4 Ms Water '57 '58. '59-J&J 4 Ms Water 1940-1977.-J&J 1 less 99 M 99 M 1.30 ~ 113 to 3s 1940-1968-. -J&J Sacram'to Co 4Mb '39-'46 J&D San Diego 5s W W *43-'54A&0 to 3.75 99 M 4s 1958-1960.- % 0.15 % M&N 0.40 100 to 2.00 0.50 to 2.90 Sacramento 4s Jan 1940-1945 104 4Ms Fund 1941-1950-M&N 48 Water Rev 1940-76.F&A 5 3.20 Little Rock S D 4s '40-'55 M&S 2.25 % to 2.25 % to to 2.90 to 0.75 100 - 4s 1944--. 1.00 0.75 0.50 5s School 1940-1966-F&A ......... Little Rock— 0.50 % tol02* to 2.00 3s 1949Jan. 1 3s Attorney Gen opt 1944 3s Rose, Hemingway opt 1944 Hot Springs 4Ms39-'50_.M&S 113M 112M 114M 114M Tax-free in Connecticut. 3.00 to 1.50 4M~4s 4M-4s 4M-4s 100.31 112M to 0.50 5s 1968-1977 100.31 100.29 b 3.25 1.00 5s 5s 1954-1960 5s 1961-1967 to 2.15 4 Ms funding 1963 J&J 4Ms July 1952 J&J 4s gold 1953 J&J 2Ms 1940-1946 J&J 2Ms refunding 1940-49.J&J to 3.10 of Southern California— % CANADA—See 101.18 5s July 1954 opt 1943 111 5s 1950 opt 1944 J&J 6 2.25 5s 1948 opt 1943--..-.J&J 111 3.40 to 3.30 0.75 3 Ms Jan 1 1940-1960 Los Ang Co 4 Ms '40-'49__F&A ARKANSAS 101.28 0.25 5Ms Aug 1941 to 3.45 to 0.50 5s 1943-1948 5s 1949-1953 to 2.15 5s Feb 1952. to 2.90 1.00 Oakland 5Ms 6s Jan 1 1946 J&J 5 3.75 5s W W 1940-1950 J&J 5 3 50 Phoenix Un H S D 4 Ms 1948 5 3.25 Prescott 5s 1948 J&J 5 3.50 Tucson 5s Water 1950 J&J 5 3.00 100.10 1C0.14 0.25 - F&A J&D 95 . Bonds Pub Imp3.10s '39-56 M&N Pub Imp 2 Ms 1940-57.J&J 4 Ms Oct 1959. 5s April 1955 0.50 0.50 Orange Co 5s 1940-1945-M&S School No. 1 5s 1945 107% 1071*32 107 M 107% 108 107 M 109 108*4 113M 113M 111 1939-1964 1940-1961 97 Highway 6s Jan 15 serially 5 2.00 Co Ct H'se 4s 1939-48 J&D 5 2.00 Phoenix 4 Ms '50 opt '30-J&J 5 3.50 4 Ms 1940-1956 J&J 5 1.50 100.15 100.8 112M 4s ARIZONA to 2.25 1.70% refdg 1940-44.M&S 1.75% refdg 1940-44.M&S Philip Isls 4 Ms 1952 J&J 4Mb 1950.- 5s % % 79 to 1.75 Los Angeles City High Sch Dis 5Ms Nov 1939-1960--M&N to 3.00 to 3.60 to 3.60 4s 102.3 4Ms Nov 15 1939-58—M&N b 0.25 2.10s July 20 1941-1945 J&D b 2.75 0.50 —A&O 2.00 A&O 2s 1939-1942 3s 1943-1949 110 to 3.60 tol02 M 103 M to 3.25 Par Tuscumbia refunding 1 %to4 % 105.2 1.90 115 to 3.10 Oakland S D 4s 1940-44--J&J St Francis Levee Dist— Pub Imp 4Ms 1953 to 2.90 1.00 4 Ms Water 102.1 1.60 0.25 0.75 Electric Plant Revenue— Ref 4s 1940 to 1975.J&D b 1.25 93 5 Ms serial 109.22 106.6 109.4 105 0.50 0.25 to 3.40 3.35 Road 1951 4 Ms 100 0.25 to 3.35 95 J&J 5101 6s ref pub Impt '40-'53 M&N 5 3.80 Tuscaloosa Co 6s Bridge 1941 5s Road 1957 M&S 5 3.60 Tuscaloosa (City)— 108.28 108.30 2.50 0.50 0.75 Ref 4s 1946-1986 Modesto Irrig Dist 6s Tuscaloosa— 5s W W 1940-1957 PO SESSI ONS Honolulu (City & County)— 5s Pub impt 1956--J&D 15 5s Jan 15 1940-'56-.J&J 15 3Ms Sept 15 1940-53.M&S Hawaii Terr 4Ms '49.M&S 15 4Ms Jan 1945 4Mb Nov 15 '39-'56_M&N 15 to 3.35 Municipal 1939-61--F&A 3.50 3.40 102.9 100.12 to 3.35 1.00 5 3.60 J&J 5 3.60 6s 101.24 102.4 102.14 102.17 102.27 104.5 105.15 104.29 102.20 102.21 100.25 103.10 100.7 to 2.25 0.50 5 Ms Harb Imp '39-'61 M&N 3 Ms Wat Rev '40-'48—J&J % Maricopa County— 100.6 Loan to 1.25 3Ms Sch Dist 1940-61-.J&J to 3.75 Net to 3.35 0.50 Morgan Co 5s road 1952-F&A 5 3.50 Selma (City) 5s-6s 1939-1955- 6 1.00 2 Ms 1940-1952 J&J 5 2.00 101.17 101.24 102.5 - 105 0.50 0.50 1939-1943-F&A 4Ms Mun Imp '39-'43-F&A 4 Ms 1939-1965 F&A 4Ms 109.20 103 Montgomery— 6s funding 1940-1966--J&J 4Mb Sanitary Sewer Jan 1*44 Montgomery Co 4 Ms 1957-59 112M 103.6 f2Ms ser B 1939-1949.F&A 2Ks ser G 1942-1944._-J&J 1 Ms ser M 1945-1947. J&D Ms May 15 1941 Ms May 15 1940 Federal Land Bank — Farm 3s July 1 '65 opt '45--.J&J 3s Jan 1 '56 opt *46— -J&J 3s May 1'56 opt '46 M&N 3MsMay 1*55 opt'45--M&N 4s July 1 '46 opt '44 J&J Commodity Credit Corp— M% notes Nov 2 1939 %% Aug 1 1941 Federal Natl Mtge Assn— 2% notes May 16 '43 opt '39 1M% Jan 3 1944 opt 40 Reconstruction Finance Corp M% notes July 20 1941—M % Nov 1 1941 M% Jan 15 1942. U S Housing Authority— 1M % notes Feb 1 1944--- * 105 100.3 Home Owners' Loan Corp— 3s ser A 1944-1952 JM&N 4Mb 1957 4Ms 1958 2.70 Ask Metropolitan Water District) 5 2.00 4Ms June 1 1940-1948 5s School May 1 1945 104 4 Ms 1940-1958 105 J&D 107.3 Federal Home Loan Banks— 4 Ms Oct 1956 2.40 Mobile Co— 107.29 Bid LcsAngeles (City) Concluded3Ms Water 1939-1941 _A&0 4 Ms Water 1939-1970-A&O 4 Ms Sch 1940-1944—J&D 4Ms 1940-1968 J&J 4 Ms 1940-1969 M&S 2.40 to Bonds 3 Ms 1948-1958 107.2 107.26 107.26 108.14 M&S 105.26 105.29 1942-1947 lMs Sept 1 1939 TERRITORIES 1940-1961 4 Ms 1940-1960 58 sewers Sept 20 1941 M&S 109.7 J&J 106.3 M&N 109.2 3s 1944-1949. to 2.25 to To or Net 96 108.29 109.6 108.12 100.23 3s 1942-1947--.- New ref various coupons... Birmingham— 3Ms impt ref 1940-50-.J&J 6 1.00 3 Ms Imp ref 1942-1958 A&O 6 2.25 109.29 102.19 Federal Farm Mtge Corp— 3 Ms 1944-1964-M&S Ask Bessemer— Florence refunding 1% to 4%_ 41 Gadsden 6% impt long mat 106 fis schools 1940 .--A&O Jefferson County— 4 Ms Ct House 1940-43 M&N 6 1.50 4Ms Ref 1940-1961.—A&O 6 1.50 Mobile City— 78 Refunding 2-5s Jan. 1 1966- 109.27 104.27 1M% June 151943 1M% Dec 15 1943 Ms June 15 1944 Bid Bonds Yield Basis To or Net n to 3.00 to 2.95 to 3.25 to 3.15 to 3.25 Nominal. % 1 Ms 1 Ms 1940-1,954 1940-1953.-- 3 Ms Bridge 1954-1955-J&D b 1.65 4s Water 1940-1949.--J&D b 0.25 % to 1.60 to 1.70 to 1.60'% State and municipal AUG., 1939] Quotation! for all securities are as near as Yield Basis Yield Basis Bonds or FOREIGN Meriden 1 Ms 1939-48 to 2.50 ee 1948 Certificates of to 0.85 % 1.75 b5 1.80 6 0.20 . Extls f 7s ser A ---M&S Certificates of deposit... % 12M 11 12M 11 8s 1946 1 to 1.90 to 1.85 18 II* 14M „„„ 6 0.50 to 2.75 oi 6 0.40 to 1.95 — 6 0.40 to 1.95 ) 6 0.60 Ridgefield (High School)6 0.50 1MB 1940-1963 —Jl Stamford (O) 4s 1942 M&N 6 0.15 2Ms Stamford (Town)- to 1.95 6 0.50 to 3.00 6 0,50 6 0.25 to 1.70 6 0.25 to 2.00 6 0.50 6 0.50 6 0.60 to 2.40 iy4U-iyoy 2s P I Fund 1940-592s 1941-1954 Suffield lMs 6 0.25 bo 98 98 Extl 4 Ms 1956 M&N Austrian Govt 7s 1957—J&J Baden extl s f 7s 1951 J&J Bank of Colombia 7s '47-A&0 92 92 M 10M 12% A&O 26 Barrauquilla 8s 1935-40-46-48 Bavaria (Ger'y) 6Ms '45.F&A 23 26 to 3.15 19% to 1.50 20M Bavarian Palatinate 7s '45 J&J 13 to 2.20 Extl % to 1.90 to 2.40 to 2.25 6 0.50 to 1.80 6 0.50 to 2.25 ! ho % to 2.25 to 6 0.25 to 1.75 % 1.25 to 2.10 6 1.50 to 6 1.30 to 1.50 6 0.15 A&C 6 1.00 % 30-yr 60 ... 14M 15 M 15 % 15 % 18 . ' 31 23 M&S s 103 123 126 117 Extl 3.90 % 109 6 1.00 to % 2.25 % 97 M 86 97 M / M&N f 9M 83 65 72M 74M 71M 52 s f 4s $ bonds 1984.J&J 45 to 2.50 to %" 3.50 % Certificates of deposit... to 6 3.00 to 91 3.75 % 3.50 % 6s Oct coupon on I960... 6s A int ctfs 1938 A&015 Central Bank of Germany— 6s A 1952 .F&A 6s series B 1951 _A&0 Chilean Cons Municipal LoanExtl s f 7s 1960 ser A. .M&S 106 to M&S 6 3.60 to 3.60 3.85 6 2.50 to 3.85 6s 1940-1950 - 103 4s 1961 Palm Beach (City of) 5s Pensacola 4Ms ref 1941-_ 6 3.00 105 &J 104 2.50 107 J&J 1958- 111 %" 11* Pinellas Co ref highway 98 Polk County 5s July 1 1940 6 2.25 St Augustine 5-4s stam'd 1955 76 New refunding 3-5s 61 St Johns Co Road 5s 1946.— 107 5Ms 1944 § M&S 109 6s assented I960. 100 to ■ 64 109 111 69 4.00 104 101 53 Connecticut. 55 6 Basis. %' 7s 1939 7s 1940 f 19 f 20 89 105M A&O / French Government— 7s ext of 1949 stamped.J&D 7s plain 1949 7Ms ext 1941 stamped J&D 55% 47 26 M ' 26 19 / 18 M loan of 1965 J&D 7s unstamped 1949 17M 14M Scrip German Prov & Comm Bks (Con Agr Loan)6Ms'58 J&D 18 6s assented /Flat price, 24 30 24 30 11M 14 % 10% If 14 10M 14M 14 15 11 10M 11 14 15 11 15 11 15 10M 12M 8M / 12M 1961/ 8M A&O / 12M Nominal 28M 1st series 1957 6 Ms 2nd series 1949 See 10 18M 18M 20 22 22 22 18 / 53 100M 7M Mtg 7Ms 1961 ser A..M&N / 9 S f 7Ms 61 ser B($bds)M&N / 9 Hungary (King) 7Ms '44.F&A / 28 Ext at 4M% to 1979—F&A 23 % Irish Free State 5s 1960-M&N Italy (Kingd) extl 7s '51.J&D Prestito Redimibile 3 Ms Specified Unspecified Ital Crea Consortium for Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J Japanese Government— Sf 6Ms 1954 F&A M&N "13 M 14 84 M 71 Munich Bank Oriental Dev Co 6s'53.M&S Orient Dev Co 5Ms*58M&N 12 40 79M F&A F&A Hungarian Cons Munic Loan s f g 7Ms 1945 J&J Extl s f 7s Sept 1946--J&J Hungarian Land Mtg Instit'n s "22" 30 Heidelberg (Germ) 7Ms'50J&J / 17 Hellenic Republic (Greek) Extl " n 5 17 25 M 26M 24 19M 1946 A&O / 17M Hanover (City) Germany 7s'39 / 21 Hanover (Prov) Germany— "14"" , 8M 25 6s Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O 14 1961 k Last sale Gold Sec Wat Works 8s 1952 A&O 10M 6% assented 1963 6Ms assented S f gu 6s 1961 3M 14 —M&N 18M Hamburg (State of) Germany 18M 10M 6s assented Jan 1961 Extl sf 6s 1962 M&S 6s assented 1962 Extl s f 6s 1963 hili Mtge Bk 6 Ms *57 J&D31 6 Ms assented 1957 S f gu 6 Ms Jne 30'6l. j&D3i " \lH 23 M 17% 4M 23% / f - 18 27 21M 20M 22 M 1968..-F&A Guatemala 8s 1948 M&N Haiti (Rep) 6s extl 1952.A&0 6s 1953. .A&O 25 10M 19M 108M 5Ms unstamped 1965 German Extl 7s '49 stampA&O Hessen. . 22 M 20 19% 104 31 10M 97 104 M 7Ms plain 1941 6s part paid 23 M 14 23 106M 118M _ ^ 29 ' 80 22 M A&O / 7s 1941-1945 A&O / Extl s f 6Ms 1953—.M&N f 56 30 fll 75 r~i9"~ . Extls f 6s Feb 1961 —_F&A / 6s assented Feb 1961 Extl s f 6s Sept. 1961—M&S 6s assented Sept. 1961 Extl Ry ref 6s Jan 1961. J&j ,, 100 to West Palm Beach— Refunding 2-5s %' 72 72 Certificates of deposit. Estonia (Rep of) 7s, 1967 J&J Finland (Repub) 6s '45.M&S 6s _ 4.00 ser El Salvador (Rep)—8s A 1948 5 Ms 30 f 78 72 72 1969 1969 ser German Govt Internal— 55 M 57 30 . 300 % 78 St Petersburg— Refunding 3-5s Oct 1 1972 67 Suwanee Co Road 6 Ms 1946 6 4.25 Tampa— 5s June 1955 opt *25 99 J&J 5s W W Purch '39-72-F&A 6 2.50 4Mb Impt 1937 J&J 102 Ref 4s 1943-1965—-.M&S 99 hili (Rep) ext 7s 1942.M&N 7% assented 1942 Extl s f 6s 1960 A&O 85 78 German Conversion Offer— Funding 3s 1946 f German Cons Munic 7s'47 F&A f Cons munic 6s 1947.-J&D 16 6s July coupon on I960— Farm loan 6s I960—A&015 to 3.00 J&J 6 3.75 5 Ms 1945 1950 99 M "9% 19 „ 1952-1953 87 12 „ 93 Orlando— Refunding 4s I940-62-F&A 101 Orange County 5s 1944—J&J 6 3.25 100 98 M 14M 2 94 72 20 _ 98) ' 72 Gt Brit & Ireland—See British Greek Govt s f 7s 1964—M&N f 7s part paid 1964 M&N / Sink fund 6s 1968 F&A / Ceara (Brazil) 8s 1947.__J&D % 72 Certificates of deposit 11 Cali(Colombia)s f 7s '47.M&N / 25 Callao (Peru) 7Ms 1944.-J&J 6 Carlsbad (City) s f 8s '54. J&J 17 Cauca Val (Dept of) Colombia 7 Ms 1946A&O 17 Certificates of deposit 12 Extl sec 78 1 948 J&D Cent Agricul Bank (Germany) Farm loan 7s 1950—M&S15 Farm loan 6s I960—J&J15 24 M 92 72 Graz(Mun)Austria 8s'54M&N 98 M&N 6 2.25 19 84 18 109 87 97 M 93 18 96 30 65 90 % 86 ' 20 106 Miami Beach— 26 17 113 20 26 17 110 17 11 17 ' 67 ' Dresden (Ger) ext 7s *45 M&N Duesseldorf 7s to 1945--M&S Duisburg 7s to 1945 M&N 93 % 92% 6 , , 104 74 115 6 2.00 New Smyrna— Ref 3-4 M~6s Jan 1 1964 99 M&N Sec s f 7s 1967 J&J Stabil loan 7 Ms 1968.M&N Oaldas Extsf 7Ms 1946..J&J to 2.00 6 1.25 Refunding 5s Jan 1 1964— Ref 4 Ms non-opt 1947-56— - l03' Frankfurt-on-Main (Germ)— Bulgaria (Kingdom)— 105M 105 72 6102 - F&A / Scrip / Readjust 4M-4Ms '77.M&S 54 M Ref s f 4M-4Ms '76-.-F&A 53 M Extl re-adj4M-4Ms '76A&0 54 Ext re-adi 4M^Ms'75M&N 54 M to 2.50 103 102 90 J&D f 6s 1950 7 Ms stamped 1947 6 Ms stamped 1961 to 3.50 to 91M F&A f 5s of 1957 "25" 16M Brit Hungarian Bk 7 Ms 1962. 100 Miami— Tax free in 13 102M 51M Administrations— 5 Ms of '26 ext 1st 5 Ms of '26 ext 2d 4 17 M Buenos Aires (Prov)6s'61 M&S / 6s stamped 1961 M&S / 7s stamped 1952 A&O 115 98 100 6 2.50 July 1 1941-55 1940-1950 3 17M 16 5 Ms of *22 ext 1961 2d series 1961 2% fit" Bud'pest(City)68J'n'35coup'62 67M 65 2d Series 1942 2% 17 Victory 4s due 1976 65 111 Marion Co Road 6s Feb 1 *52. Road bonds 5s July 11952-- * s 20-year 121 65M . Hillsborough Co 5s Oct 1 1943 Hillsborough Sch Dist No 4— Jacksonville— 5s Jan 15 1940-45-J&J 15 5Ms Jan 15 1940-45.J&J 15 Refunding 2.60s Jan 1 1957 Lakeland new refunding Water & Light 5Ms 1940-50 Leon County 5s July 1 1940 Road J&J 8 f 5s 1958. 1.30 % to 117 Duval Co School District No. 1 5s 1939-1955— A&O 6 1.50 Escambia Co 6s Aug 15 1951101 6 1.50 Gainesville 5 Ms July 1940 6 2.75 5Ms July 1941-1975 5s Customs - . „ 26 British 4s 1990 opt '60 War Loan 3 Ms of 1932 Ref 3 Ms 1940-1947 -M&S Duval Co Road 5s 1955--A&O 5s 30 to 1.00 Dade Co 5s Oct 1947-54.A&C Special Tax Sch Dist No. 2 Ref 4s 1956-67 M&N ^ 26M 24 74 17M 101M 5Ms Cust Adm 1940—A&O 2nd ser 5Ms 1940—.A&O 6s 1940M&S Brisbane (City) Australia— 1.60 FLORIDA 5Ms 32 - Brevard County School Tax Districts No. 1 & 4 RefundColumbia Co Road 6s 1955-Coral Gables— New refunding 2 M-5s 1977- 5s 24 64 ' 5Ms 1955 F&A Trust rets 4Ms 1962 A&O 15 Dominican Rep 5 Ms '42.M&S 28 M&S 84 80 M 102 M Ext'l 26M Extlsf6Ms (1927) '57.A&O Funding 5s 1931-1951.A&O Funding scrip Bremen (State) 7s 1935.-M&S to 1.90 6 0.15 F&A Extl sf 5Ms '53 J&J 15 5MsPubWksJune30'45J&D Cundinamarca Dep (Colombia) Extl s f 6Ms 1959 M&N Certificates of deposit Czechoslovak Republic— Ext s f 8s 1951 ser A A&O Ext s f 8s 1952 ser B..A&O Danish Cons Municipal Loan 5Ms 1955 M&N 5s 1953 ..F&A Danzig Port & Wat Ways Bd Extl sf 6Ms 1952 J&J Denmark ext 6s 1942 J&J 2 32 '32 80 50 J&D 21 2% 2M 2M 26% 32 26% 27 100 M 99 M M&S F&A 5s 1944 20 A&O Brazil 8% ex 1941 J&D, 7s Cent Ry elec 1952._J&D Extls f 6Ms (1926) '57-A&O 1.65 % to 6 0.25 (Rep) Extl g 4Ms '49 opt Extl 4 Ms 1977 Extl g 5s 1949 11 Extl 7s 1958 Extls f7s 1969 6s 1940 6 1.50 4Ms 1939-1953 Wilmington— 4Mb Bldg Con *53-'62 4Ms 1939-1958 (s-a).. 18M 32 2%% 32 16M 25 16M M&S / 20 1 to 2.25 5s 1947-1949 4s 1939-1941 4s 1942-1948 A&O / J&D / 16 Bogota (City) extl 8s '45-A&0 f l7M 1949 Cuba 15 30 20M 26% 75 _ 5s Certificates of deposit 7s Oct 1947 -A&O 1.85 to 112M 21 % 19 M Berlin 6Ms 1950 6s June 15 1958 to 1.45 6 1.45 6 0.25 106M 103 % 111M Bogota (Mtge Bk) 7s May '47 to 1.25 6 1.25 6 0.40 105 M 102 M Belg Govt extl 6 Ms 1949 M&S External s f 6s 1955—J&J Extl s f 7s 1955 J&D % DELAWARE 1940-1970-- 26 Certificates of deposit Extl s f 6 Ms 1947 A&O to 2.50 6 0.40 Sussex Co 5s W* 25 16 25 M Funding 5s 1951 M&N Costa Rica Pac Ry 7Ms 1949 / Certificates of deposit Bolivia (Rep) Ext 8s '47 M&N 6 0.30 6 0.25 M&S 1957 5s 7b 1948 % to 1.75 6 0.50 2Mb April 1 1940-1947 2Ms April 1 1948-1957-. 2Mb April 1 1958-1966-. 1 Ms highway 1940-1979. Kent Co 4Mb 1945-1950. New Castle Co— 5Ms 1940-1944 85 76 % 58 M 61M 57 53 Cordoba (Prov) Argentina— Extl s f 7s 1942 J&J Costa Rica (Republic)— Ext sec s f 7s 1951 M&N 77 80 Australia (Commonwealth)— Extl 5s July 15 1955-J&J15 92 M 87 M 76 M 76 M 97 M 97 M 6 0.50 4Mb Mar 15 1940-49--M West Haven (School Dist)*4 Mi Windham (Township)— 92 M 86 M f extl loan 1948.M&N 8 f extl loan 4s Apr '72. A&O 2% Treasury notes 1948— % to 2.25 Water bury— 2Ms s s f conv 4 Ms 71-M&N 8 f extl loan 4s Feb '72.F&A Extl ^ Torrington 2 J 4Mb % 14 (City)— . 14 18 " Extl s f 7s 1957 F&A 7s stamped 1957 Externals f 7s 1937—.M&N / 7s stamped 1937 f \iH '89M Antwerp (City) extl 5s *58 J&D Argentine Repub— 1.00 15 50 ~ — 18 ser_A&O Certificates of deposit— Extl s f 7s 1957 3d ser. A&O »/ Certificates of deposit... / f 7s 1957 2d s .. to 2.75 14 M 18 11 f 7s ser B s Extl 6 1.10 11M 12M 11% 12M 11% 12M 11% 12M 12 M 1945—J&J Certificates of deposit Extl s f 7s ser C 1945—J&J Certificates of deposit. Extl s f 7s ser D 1945.-J&J Certificates of deposit.— Extl s f 7s 1957 1st ser. A&O to 2.75 to 2.75 30 19 1945—-J&J Certificates of deposit 1.80 to 1.65 24 Antioquia Col (Dept of)— 2.65 Norwalk „ 92 1 to 1.45 New London— (Cityv 19 40-1968-M&S 6 0.50 3^s 1939-1971 —A&O 6 0.25 3 Ms Sewer 1947-70-J&D15 6 1.75 2s Incinerator 1940-59J&J 15 6 0.25 6 0.25 1Mb 1940-1959 / ~ 91 to 2.00 to Cordoba 30 Extl 4Mb Water ref 1950—F&A J&D 6 0.15" 1940-1969 14 W* 24 2". 00 % to 15 1947 J&J Certificates of deposit Akershus (Dept of) 4s 68 M&S Ask Chinese Government— . 27 M 30 . 12M 8M 12M Hukuang Rys5s£__J&D 15 8M 2M-5s 1954. / 20 Cologne Germ'y 6Ms*50-M&S / 20 Colombia Rep 6s 1961 J&J / 26 M 22 Certificates of deposit 6s Oct 1961 A&O 26M 22 Certificates of deposit 63 M Funding 4s Jan 1 1946 Colombia Mtge Bk— 26M 20-yr sf 6Ms 1947—.A&C 24 Certificates of deposit Sink fd 7s (of 1926) *46 M&N 26M 24 Certificates of deposit Sink fd 7s (of 1927) r47 F&A 26M 24 Certificates of deposit 81 Copenhagen 5s June 1 '52 J&D Extl g 4Ms 1953 78 M&N "30"' Anhalt 7s to 1946 4Mb Funding 1940-'48-J&D 6 0.35 lMs 1939-48 J&D15 6 0.20 30 24 deposit 7s % to 1.65 to 29* 28 / 26% to 1.40 New Haven— 4Mb Imp 1939-1952.-M&N 6 0.25 Sewer A&O 26% 24 7s 1946 A&O Certificates of deposit 1.90 4s Munic Bldg 1948 J&J *4 Ms School 1940-52-F&A 6 "0.50" to ls v . to 1.50 (Concluded)— M&N f 6s assented 1962 / 6% notes 1931 —J&D / (ColomWa) ' 1 Ms Bdge 1939-1955-M&N 6 0.15 New Britain (Co)— 2s 1940-1951 F&A 6 0.30 2s ^ Bid Bonds Chili Mtge Bk 6s 1962 6s 1947 F&A Certificates of deposit ¬ / to 2.00 J&D b 0.15 M&N b 0.1,5 Ms 1940-1944 Middlesex County— CITIES 4gricul Mtge Bk 1 to 2.50 or Ask GOVERNMENTS AND Metropolitan District 2%a Wat Sup '4077M&N b 0.20 2 Ms 1940-1978 J&J b 0.20 Hartford (School District) ♦4Mb Northeast 1959-J&D b 2.25 ♦3 Ms South Sept 1955.M&S 5 2.00 Manchester *4 Ms 1940-44M&N b 0.25 Bid Bonds Net Hartford County—- Yield Basis or To Ask Bid 93 bonds possible for the closing day of the month preceding the date of issue f 5Ms 1965 "60"" 9] 12} 12% 12% 39 30 112M 60 M 25 M 19 21 45M 63 47 73 75 26M 53 50 % 45 M 46M STATE 94 MUNICIPAL AND Quotations for all securities are as near as possible for the closing Yield Basis Yield, Basis Ask 9% 12 JMunic) (Colombia) 1951 J&D f 14% 16 Silesian Landowners Assn— Cities [Concl Jugoslavia (Kingdom)— Fundings f 5s 1956--.M&N 2d ser funding 5s 1956 M&N State Mtge Bk 7s 1957. A&O Leipzig (City of) 7s 1947 F&A / f Certificates of deposit-— f Lower Aust (l^rov)7 His 50J&3D f Luneberg (City) 7s 1948.M&N 53 26 32 53 22% — 8% 10 9 12 - « «. - f 21% Maranhao (State) Brazil Ext s f 7s 1958------M&N f Medellin 14% 14% 13 18 12 Mendoza (Prov) Argentina— 97 7%s extl s f 1951 J&D Stamped J&D f 77 67 4s extl readj $ bds 1954- J&D Metrop Water Service— See New South Wales. Mexican Irrigation s f gtd 4 %s % (May "14 coup on) '43 M&N f Stamped assented Mexico (Republic)— 5s extl loan of 1899 1945— 5s assented 1945— — ---4s of 1904-1954 J&D 4s assented 1954 J&D Extl 4s of 1910 (£20 pieces) £100 and £200 pieces.--Treas 6% notes '23 ext to 33 £20 pieces 1% £100 and £200 pieces — IX 46 % Milan (Italy) ext 6%s 52. A&O Minas Geraes (State) Brazil 9 Extl 6%s 1958.------M&S 9 Extl6%s 1959 ser A—M&S, Montevideo (City) 7s'52 _J&D / 44 Extl s f 6s 1959 ser A.M&N / 42 Scrip / 37 Mtge Bank of Denmark— Exch s f 5s 1972 ser IX J&D 85% Municipal Bank— Hessen 7s to 1945 F&A / 19 National Bank of Panama— 4s ser A & B 1946-1947 / 57 70 ser O & D 1948-1949 / New South Wales (Australia)5s extl s f 1957 F&A Extl s f 5s 1958 A&O Met Wat Serv & Dr Board ■ 1% 1% 1% 4!* UK 48 54 99 104% 101 107 103% 100% 20 yr 4s 106% 90 1947 . 4s 8 9% 8% 8% - 42 37 scrip 50 Extl 7s 1956 1936. J&J / J& J / M&S / Extls f 6sof 1928. 1968 11 16" Stamped 1942 /Flat price, 62 64 64 62 64 62 64 62 64 62 60 104 1951 102 104 103 104% J&J 88 90 88 J&J 99% A&O A&O 108 100 var 102 101 101 100 F&A var 5s 1950 & 1951 var 5s Jan 15 1970 103 J&J14 103 101 101 99 4%s 1942 and 1967—F&A 87 90 106 5 2.80 5 2.00 6 1.25 6 1.10 b 1.10 Ref 2%s 1940-1967—J&D b 1.00 Augusta 4%s Flood '42..M&N b 1.80 Bibb Co 4%s 1948-49—M&N 6 2.30 Chatham County Road 4%s 1940-1949-F&A b 1.00 Clarke Co 5s 1940-1944—J&J b 1.00 Columbus 5s 1940-1944-—J&J b 1.00 Crisp Co 5s '40-'57 F&A b 2.70 Dougherty Co 5s '40-*48 M&S b 1.00 Muscogee County Road 4%s 1940-1956—A&O b 1.25 Pulaski Co 5s 1940-1948—J&J b 2.00 Savannah 4%sref 1943—J&J b 1.75 4%s Drainage 1944 F&A b 1.80 4%s Refunding 1959.-F&A b 2.40 2%s 1943-1967 J&D15 b 1.50 Spalding Co 5s l940-'49—J&J b 1.00 Swainsboro 6s 1940-50—A&O 6 2.50 Valdosta 5s 1940-1942 Jan 6 1.00 Ware Co 5s Road 1940-49 J&J 6 1.00 Watkins S D 6s 1940-50.M&N 100 Woodbury 6s 1940-1949.J&D 90 88 103 A&O Halifax N S 4s July. 1945 5s Jan, A&O J&J 101 105 116 104 108 HI 105% 93 100 105 103 104 102 97 to 1.90, vq 2.00,% to 3.40 % 1.8°,% 1.00'% to 2.30 % % to 2.30 to 2.20 1.50 2.20 to 2.20 to 2.00 to 2.20 to 3.25 to 2.60 1 1 1 % 1 2.30 % to 2.80 % .ou .4°% 1.50 2.20 to 2.20 to 2.50 to 3.60 to to 1.75 2.50 107 107 IDA SO 4 %s Impt 1939-47 opt '30 4%s ref 1940-1945 0.75 % lees 1.00 to 1.25 A&O Boise 113 102 2.25 less 1 Hamilton— 37% 19% 19% 104% 103% 9% 4s Elec L & P 1941 Lachine P Q 5s 1954 A&O J&D Manitoba (Province of)— Debenture 6s 1947----A&O 5 %s 1942 M&S S F deb 103 99 106 " 102 98 100 100 102 98 -J&J 96 J&D 5%s 1958 5s 1943J 97 96% 5s 1959 —-J&D J&D 99 98 95 97 M&N —-F&A J&D 95 97 94 10% 4%s 1945— 4%s 1951 4%s 1956 12 92 4s J&D 88 F&A 83 Montreal 5s Dec 1. 1945-J&D 5s s f Nov 1. 1956 M&N 99 9 5s 1944 8% 8% 10% 10 61 - 1957- 3 %s s f deb 1949 4%s May 1954 4%s Jan, 1944 —J&J 4%s 1940-1951 A&O 15 4%s June 1. 1971 J&D 4s May 1,1944 M&N Metrop Co 4%s '53.'54&'61 4%s May 1. 1965 M&N , 22 16 Harbor 92 100% 95% 97 98% 93% 94 90 86 100% 101% 97 98% 101 96 97 99 95% 97 97 98% Commissioners— 5s Nov M&N 121 122 M&N J&J 1. 1969 113 New Brunswick— 11 S f deb 8 f deb 5%s 1950 5%s 1952 J&J Debenture 5s 1960 8% 4%s 1955 M&S 4%s 1960 A&O 4%s uon call 1958.M&N 15 4%ssf Apr 15. 1961 A&015 10 13 8 15% 10% 9% 9% 6% 8 f deb3 3%s 3s 53% 85 56 "7l" k Last sale, s f deb 1946 f deb 1941 J&J - — .J&J Nominal. Deb 4%a 1960——M&N 15 4%s Serv Comp '39-'43_Aug 1 4%s Serv Oomp '39-'43.Aug 1 4%s Serv Comp '39-'44.Aug 1 4s Highway 1939-1943-May 1 4s Highway 1945-1954._M&S 4s Highway 1955-1958. _M&N 3 %s Emerg Rel *39-'47 Dec 15 3 %s Emerg Ref '48-'54 Dec 15 Bloomington— 4%s Water 1940-1961 opt 1952 M&S 6 Champaign County— 5s Road 1940-1943—M&N 6 Chicago— 4s 1949-1950 111 4%s 1954. 110 111% 107% 107% 98% 97% 109 111% 110% 113 to 0 90 to 1.70 1.75 to 1.85 0.25 to 1.40 1.45 to 1.70 2.60 % 1.25 1.00 to 0.40 to 1.25 to 1.40 to 2.00 l"i 5 to 2.16 to 2.40 1 0.40 1.85 2.00 2.15 6 - % 2.30 2.50 6 0.40 - % 0?40 0.75 4s 1945-1948 30 0.25 — 4s 1940-1944— 120 1.00 1.15 — 115 101 to to 2%s ctfs Feb 15 1958-59— 3%s 1951 opt 1940 3 %s 1952 opt 1945 3%s 1953 opt 1946 3%s 1955 opt 1951 115 100% "166% 100 100% 90 0.25 0.25 Water Works System— 3s ctfs Aug 1 1954— 115 109 to 0 1.50 3s 1957 opt 1940 3s 1957 opt 1941-1942 3s 1956 opt 1945-1949 113 100 99 0.25 0.75 3s 1941-1944--. 3s 194.5-1948 113% 109% North Vancouver 5s '60..-J&J f 27 Nora Scotia (Province)— Deb 5s 1960. M&S 118 Deb 4%s Sept 15'52 M&S15 109 21% n s %«1948—-A&O 5-yr 3% debs July I 1944__ 10-yr 3% %?debs July 1 1949 22 70 Santander (Dept) Colombia" Extl s f 7s 1948. A&O / 20% Basis. 64 62 62 102 16 68 65 107% 107% 5s sf 1955 & 1960 "23" 21 4s 65 4%s 1910-1946 J&D 29 4 %s 1947-1956 J&D 29 4 %s s f deb Jan 23 *69 J&J23 Calgary 5s July 1,1945 J&J Edmonton (C) 5s '45&'50A&0 39 6 - ...A&O 4%s Jan 15. 1942—J&J 15 Deb 4 %s 1956 A&O 4%s Jan 15. 1957 J&J 4%s July 16, 1958 J&J 4%s Apr 1, 1961 A&O 4%s June 1, 1967—J&D Debenture 4s 1954 J&D 67% 67% 66% 66% 66% 65 106 5 18 Sec s f 7s 1940 —A&O / Santa Fe (City) Arg Rep extl 7s 1946A&O/ 4s 1945 stamped A&O / Santa Fe (Prov) 7s 1942.M&S/ 66 106 22 J&J/ 66 112 Brit Ool (Prov) 5s '48.-J&J 15 5s Apr 25. 1954 A&O 25 48 San Paulo (Brazil) State of— 8% external loan Extl 8s 1950 J&J A&O .J&J A&O 15 1947. — 40 10 8s 1948 8s ctfs of deposit 1948— Santa Catharina (Brazil)— 8s 1947 F&A/ 110% 5%s 70 J&J J&D Road 5s 1949-1953 Athens 4%s June 30 1943 Atlanta 4%s Jan 1 1940—J&J 5s Water 1940-1951 J&J 4 %8 1940-1956 J&J 111% 109% 103% 111% 75 75 72 73 105 102% 102% A&O M&N 108 73 85 Appling County— 94 110 79 106 104 100% 100% 102% 101% 103% 105% 104% 114 80 103% 103% 100 99% 98 113 140 77 J&J 3%s July 1 1944 Vancouver. (B O)— „ 97 99% 108 Verdun deb 5s 1954 99 Winnipeg. Man 5s 1944..A&O 103 4%s non-call 1944...M&N 101% 4%sJune 1 1946 J&D 102% 4%s June 15 1950—J&D15 1°° 4® Aug I 1946 —F&A15 95 GEORGIA 4%s ref 1940-1945 J&J 5 1.00 Albany 5s 1945 J&D 6 2.40 103% 103% 107 M&S 1944.A&0 5s 1950— Gold 5s 1959. A&O / 22 J&J / 11 Salvador 7s 1957 Certificates of deposit 103 103 113 98 83 78 M&N15 1940 „ 99% 101% M&N Gold 12 9X 9% 8% 21 21 17 55 111 125 119 111 107 4%s 1940-1941— 4%s 1942-1945 4%s 1946-1961 4s £ July 1 1948 25 120 to 96% 95% 98 96% 111% 125 112 5s 1940-1950 5s 1950-1959. 108% 110% 103% 111% 107% Gold 5%s 1952 Gold 5s 1948 79 7% 8% 8% 8X 40 33X 45 37% 43% 36X 18 A&O A&O 5s May 1952 Alberta (Prov of)— 77% 4s Nov 15 1957 Toronto 6s 5s 1940 & 1941 5s 1945 & 1946 99% 100% 102% 102% 117% 4%s 1943-1960 J&J Quebec (Province)— 8-yr 2 %s 1944 M&N 15-yr 3s 1951. M&N 3%s 1949 J&J 3%ss f deb 1952 J&D 4%s 1961 M&N S F 4%s 1946 —-J&D 4%s 1956 J&D Quebec City— 5s S F (non-call) 1960. M&N Saskatchewan (Province)— 5s 1943 (non-call)_.J&D15 5s 1959 (non-call) M&N 4%s July 2 1945 J&J2 4%s 1955 4%s Mar 15 i960 M&S _ 48 Refunding 5s 1943 — 6s series B 39% 5s Nov 15 1941. 102 — (Mtge Bk) 6s ser A '47 M&S 44 117 11 ■>% 115% 114 124 122 112% 111% 100% to 112 115 HI to 116 101 104 to" 109 100 111 109 111 109 100% 99% 101% 100% 100% 101 100% 100% 110 5s July 1, 1940-1956-—J&J 4%s 1940-1944 J&J 5%s 1952—- 1952 30-yr 4s 1960 15-yr 4%s 1940 Refunding 4%s 19 / 70 / 78 / 11% Prague (Greater) City— 7%s loan of 1932-52. .M&N Prussia 6%s 1951—M&S 15/ 19% 6s 1952— A&O / 18 Queensland (State) 7s '41 A&O 102% Ext g 6s Feb 15 1947 F&A 15 101% Bio de Janeiro 8s 1946—A&O / 8% Extl s f 6%s 1953 F&A / 7% 6%s 1959 7% / 6s 1933 / 7% Rio Grande Do Sul (State) Brazil ext s f 8s 1946--A&O / 9% 7s extl s f 1966 M&N / 9% Extl « f 7s 1967——J&D/ 9% Extl s f 6s 1968 J&D/ 9% Rome extl 8 f 6%s 1952—A&O 59 Roumania (Monopolies) Institute 78 1959 F&A / 19% Feb 1937 coupon paid / Russian 6%s June 18 1919 6%% ext loan Dec 1921 Baarbruckeu (City) Germany Extl s f 6s 1953. -J&J 18 41% 37 s 1% notes 1941 M&S 2s 6-year 1944 J&D 2%s Jan 15 1944—..J&J 8-yr 2%s 1943 ,_J&D 7-yr 2%s 1944 M&N 10-yr 2%s 1945 F&A 20-yr 3s 1955 J&D 3s 20-year 1958 J&D 3s perpetual M&S 3s Jan 15 1967 J&J 30-yr 3s Nov 15 1968.M&N 14-yr 3%s 1951 M&N 25-yr 3%s 1961 opt '56 J&J 15-yr3%s, 1949 __A&0 95% 99 % -F&A/ 40% f F&A 43% 35 3%s extl re-adj 1984--J&J 37 Conversion scrip. Venetian Prov Mtge Bank— S f 7s 1952 ser A 38 -A&O Vienna (O) extl 6s '52.„M&N 16% Warsaw (City) 7s 1958—F&A 27% 22% 4%s assented 1958 F&A Warsaw (Land M Bk) 8s 1941 38 Westphalia—See Prov Bank Wurtemberg 7s to 1945-M&N / 19 Yokohama extl 6s 1961 —J&D 53% 57 Panama (Rep)ext5%s'53 J&D 101 Extl s f 5s 1963.. M&N / 76% 7s 1968- 3%-4-4% % ($ bds of 1937) 4%s Jan 1. 1970—J&J 2 ^ Ottawa City 5s '40 '45—J&J 6s Munic Imp '40-'50—J&J (American Dollar Quotations) Dominion of Canada— 100% Prov Bank (Westphalia) 6s '33 f 6s 1936 / 5s 1941 / 35 CANADA 89 103% 104X 102X Pernambuco (State of/ Brazil Extl sf 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 (Repof) 6s 1940--A&O / 4%s assented 1958.-A&O Stabilization s f 7s 1947 A&O / 4 %s assented 1968—A&O External 8» 1950 J&J f 4%s assented 1963—J&J Dollar funding 381956-A&O / Porto Alegre (City) Brazil— Sinking fund 8s 1961—J&D / S f 40-yr 7%s 1966 J&J / 25 Net x F&A 2%s 1944 —F&A Hydro Elec Pow Com— — bonds of 1937-78 May 15,1940-43.M&N 15 May 15.1944-57.M&N 15 May 15,1958-68.M&N 15 2s 1940- 24 — Nuremburg extl 6s 1952. F&A / Oldenburg (Free State) 7s 1945 / 21 Oriental Devel—See Jap Govt Oslo s f extl 4%s 1955—A&O 101 Panama (City) 6%s 1952 / 38 Parana (State) Brazil 7s 1958 4s 28% — 4-4%-4%% extl readj 101 Stamped 5% scrip 4s F&A / 3 %-4%-4 5-16% extl Conv s f of '37 1978-J&D 1% 98 J&D f 5s 1970 48 24 Sydney (City) N S W— July 28 25-yrsf 5%s 1955 F&A fcl02 Tokyo (City of)— 40 38 5s of 1912-1952 -M&S 54 Extl s f 5%s 1961 A&Q-- 52% 19 Tolima (Dept of) 7s '47-M&N / 18 Uruguay 8s ext 1946 F&A / 46 "52" Extl s f 6s 1960 M&N / 40 47% Extl sf 6s 1964 M&N / 40 3%-4-4%% ($ bds of 1937) 43 41% external readjust 1979— ---_ Sf Guar 24% external conversion 1979- 94% 94% 5%sl950 A&O Norway ext 6s 1943 F&A External s f 6s 1944--F&A 4«s extl sk fd 1956—M&S 4%s extl sk fd 1965-—A&O Sk fd extl 4s 1963 F&A Norway Municipalities Bank 24% 22% M&N 4%s 1944 M&S 4%s Jan 15. '40-'47„J&J 15 4%s Jan *15 '48-'57.J&J 15 4%s 1940-1970 M&N 15 4s 1941 M&N ~ 24 21% 20% J&J 5s 1959 9 1st mtge s f 6s 1947 ' „ 4s 5%s 1946 8% 7% J&D . " TO Ask Bid Ontario (Prov) 6s '43—M&S15 14% 12% 4%8 assented 1958- 6%s Certificates of deposit— f Bonds „ 7s extl Dec 1 Certificates of deposit___ r 1954 —-J&D f 13 11 {". 52 52 Basis or , A< Bid Bonds Net Santiago (City)Ohlle7s *49 J&J f Extl s f 7s 1961 _M&N Sao Paulo Brazil 8s 1952 M&N Extl s f 6%s 1957-M&N 15 f Extl sec 6s 1943 M&N / Saxon State Mtge Institution Sink fund 7s 1945 J&D / Sink fund 6%s 1946.—J&D / 6s 1947 " / lerbs Croats &; Slov (King of) Extl 8s 1962 ..M&N / Extl 7s 1962 ser B.._M&N / Silesia (Prov) Poland— Extl s f 7s 1958 J&D / Foreign Govts, and > ield or To °r Bid Bonds BONDS day of the month preceding the date of issue to 1.40 1.50 to 2.00 6 2.10 to 2.15 6 0.75 to 6 to — 1 % 2.35 Board of Education— 3s 1957 opt 3s 1957 opt 1941-1943 1945-1947 1.90 3%s 1955 opt 1946 4 %s 1954 opt 1944 Chicago Park District— 3%s 1956 opt 1946 4s 1955 opt 1939— 4s 1955 opt 1940-'44——— 6 0.40 4s 1955 opt 4s 1955 opt 1945-'47 1948-'55 Sanitary District— 4s 1955 opt 1940-'44__. 4s 1955 opt 1945-*47 4s 1955 opt 1948-*54 1.50 2.15 % 2.05 1.50 2.10 0.40 to 1.80 6 1.90 6 2.20 to 2.15 to 2.35 6 0.40 6 1.90 to 1.80 to 2.15 : tc 2.35 2.20 i 1 9? AUG., 1939] AND STATE MUNICIPAL Yield Basis Yield Basis To or Bonds Bid or Bid Bonds Net Ask Refunding 2 He 1939-*41-F&A to 2.35 b 0.50 to 1.25 b 0.75 to 2.25 3 >4s Jan 1 3 Ms series 4s 1950 opt h 0.40 1940-1944 b 2.00 1945-1947 1948-1952-- — b 2.25 Granite City 4Ms 1940-48 J&D 6 1.50 Jackson Co 4Mb 1940-40-J&J b 1.50 La Grange (Village of)— to 1.85 4s 1950 opt 4s 1950 opt to 3Ms ser Q 3Ms ser Q 1943-1954—J&J 1955-1960---J&J 3s Water rev 1942-68—M&S b 2.00 Lake Co 6s Road '39-'49..F&A 6 0.50 Madison (Kings H'way Bdg) 4% revenue 1964 J&D 102 to 3.00 b 0.75 1957-1901—--R 1941-00—J&J _ Wlnnetka (Village) 2Ms Dec I. 1939-1958—- b 0.50 INDIANA Elkhart 4 Ms WW *40-75 A&O b 1.00 Evansville 4s ref 1942—-J& J Fort Wayne 414s ,39-'57-A&0 6 0 .75* Fort Wayne School Dist— 5s Oct 1 1939-1943 "StSSTfiio 1840-1943 b 4s Jan 1 1942-1956 River Forest S D No 90— 4 Ms 1940-1944 J&D 6 1.00 Rockford S D No 205— 2.10s 1944-1958 F&A b 1.25 Rock Island (City of)— Bridge rev 4s 1964-— -F&A 100 H 2.2 ) to 2.40 to 2.75 1940-1959 __J&J Long Term Bonds— 3 Ms to 2.25 _ "SWKIE Davenport Indep Sch Dist— 4MB 1940— M&N to b 2.0) to 3.50 to 3.51 b 3.20 to 3.25 to 1.50 % 0%75 % less less -_-M&S 2M&-1948 1939-1945 J&D 4 Ms 1945-1960 J&D 4 Ms 1961-1980——J&D 4s 1939-1950 J&D 4s Constitutional 1942-J&J 4s Pub Impt '52 opt '42-J&J 4s Pub Impt 1942J&J 4 Ms % H >4 1.25 lesslM 1.50 lesslM 1.50 less to 1.40 Ha Water 1939-1944-A&O 0.25 to 1.30 Sac Co 2>4s May I 1940-1947Sioux City 0s "39-'45 -F&A15 0.25 to 1 % 6s Ref Aug 15 19U)—F&A15 4Ha Sewer 191047—M&N 2 1940-1956 J&J Sioux City S D 5s 1941--J&J Woodb'y Co Fund 2Ms*42-*46 % 1.40; % to 1.60 % less H 5s to 1.75 to 1.85 58 July 1950-1959_. ♦4 Ha 1940-1961 J&J J&J F&A 4 >4b Wat & Light 1944-J&J 4Ms Imp July H *49-.J&J 1910-1952 0.50 less H to 1.30 % 5s b 0.20 to 1.85 — Zso 1.00 1942 1.40 2.00 Board or Education— F&A J&J Sch Dlst4 >481940*54J&J 4Ha 1940-1953 4*4s 1940-1953 b 0.40 to 2.15 b 0.40 to 2.20 b 0.40 to 2.25 1 Leavenworth— 4 Ha Water 1940-1947-J&J b 0.40 Leavenworth Co 5s 1945— McPherson 4 Ha 1945 Reno Co 5s 1941 Saline Co 4Ha 1945 to 1.85 1.75 — b 0.40 Wichita 4Ha 1940-1946,J&D Sch Dist ref 4>4s '39-48F&A b 0.30 Wyandotte County— 4Hs 1940-1945 r>.-. 1.60 0.65 1.60 0.40 1.25 — Sedgwick Co 4 Ha 1940 Shawnee Co 4 >48 1944-Topeka 4H" 1948 5 Ha Jan 1 1941— J&J Topeka S D 4 Ha Mar 1 *40-'46 b 0.30 b 0.40 0.50 to 1.30 to 1.60 to 1.80 % 1 to 1.00 % KENTUCKY Bridge Revenue Refunding— Project No 2 July 1 '50 J&J Project No 3 July 1 *50 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945 — Project No 10 July 1 '50 J&J Project No 11 1952 Project Ns 12 1947 , ----- Project No 13 1953 Project No 141945 - 102 H 102 H 103 102 >4 102 H 103 102 102 >4 103 102 H 103 103 >4 103 103 H 102 H 103 M 103 M 103 H Ashland— 4Ha S I *42. '47 & '52M&S Bowling Green—5s 1955.J&J Covington— 4>4s 1939-1950 A&O 4Xs WW 1940-61 J&J 4s Fdg 1952 opt '42.-F&A 4 Ms School Jan 1 1940-69— Henderson County— 4 Ms R&B Oct l'39-'56 A&O Lexington— Pub Wks Nat Recovery 4s 1940-1903 J&J City Hall 5s 1940-'55-F&A Louisville—5s Sch 1902 A&O 4 >4* Hospital 1951 M&S 4 >49 Ref 1965 J&D 4Ms Jan 1 1970 F&J 4Ms Sewer 1969——J&A 4s Sewer 1947F&A 4s Loo W Co 1950-F&A 4s Sewor 1905——F&A 4s Jan 1 1970 J&J 3.60 3.40 % 3.65 3.55.% 2.55 3 30 % 3.30 % 2.30 % 3.85 3.70,% 3.55 100 6 2.55 3.00 3.00 3.00 0.10 0.10 to 1.80 105 M % 105M b 1.00 to 2.90 b 1.00 to 2.30 b 2.40 to 2.90 b 2.95 b 1.00 2 Ms 1939-1955 2s 1940-1949 to 2.30 b 2.40 b 2.95 to 2.75 1 4Ms May 2,1940-67-M&N2 Tensas Basin Levee District— 5s Jan 1957 Jj&j _ July ' 1.50 1.60 1.55 % 2.15 2.10 % 2.25 % 2.35 % 1.10 % 0.60 % 3.45 to > to 1.40 0.15 to 0.70 6 0.25 lMs 1939-48.. M&N15 Everett 1 Ms 1910-1941 ..J&J 3.8 106 105 M 3.30 0.15 0.25 „ 3.35 to MARYLAND 4Mb 1940-1942. 1940-1950 1% relief 1939-43—M&N15I6 0.15 0.15 113 118 Haverhill 1 Ms 1940-1951 J&D 6 0.40 Holyoke 4s 1939-1950. A&O b 0.25 2s G & E 1939-1947—A&O.ft 0.25 Lawrence (wat h'way & b'dge) „lMs water 1939-58—_M&N|& 111 I 116 J 110 106 — 1.80 % to 0.70 to 1.75 to 1.50 to 2.25 115 to I 1.00 to 2.85 > 1.00 to to 1.601 % to 2.1o'% A&O 6 0.80 to 2.50 % to 2.25 3.00 % Is 111 193 9-1941 A&O Maiden 2Mb 1940-1958—F&A 113 to 2.50 to 2.30 ts 1.90 to 1.75 to 2.30 to 2.25 ft "O.75" to 2.50 ft 0 75 to 2.00 % % % % % % 075 % 1 ft 2.50 2.00 6 3.50 3.25 % ft 1.00 to 3.00 % 2.30 % 6 2.60 3.25 6 0.75 2.30 % f tm 2.20 % 2.25 % 2.15 6 2.35 t« to 2.50 % 3.25 % to 2.80 % to 0.75 % 1.25 % 0.30 to 0 25 to 1.40 0.30 to 0.35 to 1.40 i 0.35 % to 9§ 1.50 1.50 Medford— 3M8 1940-1942 to 1.95|% to 1.65 0.15 to 0.5) 0.25 to 2.10 M&N 0.20 to 1.75 tax-ex M&N 0.25 0.25 0.25 to 0.9) 2s 1940-1947 —J&J 2s 1940-1953——F&A Mebhuen (relief and sewer) to 1.69 to 1.80 to 2.25 6 0.40 to 2 00 3.75 % 3.55 % 4« 1945-1971 to % 1.40 % 1939-1953 M&N lMs 1940-1949 AfeO New Bedford 4s 1957 J&J 2 Ms 1939-1947 A&O N'th Adams 1 Ms 1940-49M&N 0.25 to 1.80 % 0.20 to 1.60 0.20 to I 6) 0.20 to 1.35 Northampton 1 Ms '40-59 F&A ft 0.15 Pittsfield 4s 1939-1944—J&D 6 0.20 to 1.8) - 2 Ms Dec 1 1939-1955—J&D Ref lMs 1939-1948—.A&O 0.20 0.20 to 1.20 to 1.75 to 1.40 6 2 00 1 80 6 2.10 2 0) 6 2.15 2.00 6 2.30 M&S 6 1.40 % % I iu 2.15 70 to 2 .25 % ?70 1 I % % 0.20 Quincy 2Ms 1940-47 A&O 1 Ms 1940-1949 0.20 M^N Reading 1 Ms 1940-58 M&N15 6 0.25 to 1.20 % Salem 1 Ms 1940-1948...M&Njft 0.20 Somerville— 3 Ms School 1940-1954-J&J'ft 0.20 to 1.35 1 Ms Relief 1940-1946.A&O 6 0.30 2 Ms 1940-1969 J&J 6 0.25 Springfield— 3 Ms Water 1939-1960.J&D 6 0.15 2s sewage disp 1939-68M&N 6 to 1.40 to 1.75 I 1.95 % to 1.50 % to to 2.25 % to 2.00 % % % to 1.75 % 0.15 to 2.10 lMs Relief 1940-1946.A&Oft 0.15 Waltham 2s 1940-1948—J&D 6 0.40 to 1.30 Watertown— lMs relief 1939-48—-M&N6 0.15 to 1.30 % lMs 1940-1949 A&Oi6 0.15 to 1.35 % Wellesley (Town)— 2s H S 1910-1952....M&S 6 Winchester 3 Ms 194O-40-J&Ji6 Worcester (City)— lMs Funding 1940-58..J&J 6 1Mb 1940-1948... J&J ft lMs relief 1939-48—A&O 6 2M8 Hospital 1940-49.J&J ft 0.10 to 1.60 0.10 to 1.25 % % 0.15 to 1.80 % 0.15 to 0.15 0.15 to 1.30 X to 1.35 % I 30 MEXICO See Foreign Govts, page 94 2.35 1.40 % % % — *2 Ms Baltimore— 6s 1940-1901.. ...A&O 6 0.40 5s Gen Imp 1943-45—M&S 6 1.00 5s Water 1901 A&O 5s registered 1940 M&S % % to 2.00 % to 2.00 % J&D & 0.20 2Ms 1940-1947 J&J 6 0.5) Lunenburg Water District— I 3.00 1.00 to 1.75 2Ms 1939-1958— , Lowell 117 ' to 0.9) Lynn 4s Sewer 1940-'56—M&N ft 0.5) 1 Ms 1940-1954— M&N 6 0.20 107 A&O 4Mj Mar 1, 1940-'55-M&S 4s % to 2.5) 2 Ms 1942-1969 112 .A&O Aug 15 '40-'52. lMs U941-1953....F&A 15 l>|s 1942-1954 F&A 15 Annapolis 4Mb W W '42.A&O to to 1.20 Framingham— 110 107 J&J 6 0.25 2 Ms June & f 3J30 lMs Relief 1939-1948,.J&D 0 0.25 Fall River 2 Ms 1910-1946 J&J 6 0.25 2 Ms 1940-1968—M 2 & N 2 ft 0.25 4s 1940-1955 (tax-ex).M&Njft 0.25 to 2.40 2.60 Portland Sewer Dist— 4s 1939-1950 M&N 61.00 Waterville 4 Ms 1940-50 6 2.50 Westbrook 4M* 1939-48 61.00 Aug 1, 1951 F&A 4s Annex 1954........ J&D 4s Parks 1955.......M&N 4s Mar 1.1961 M&S 3.65(% to 2.25 0.15 F&A M&S Chicopee 1 Ms 1940-1959 M&N Easthampton (hi*way& relief) to 3.4 » South 2Msjl939-1951_ 2.10 % 0.15 F&A Chelsea 4s 1958 Portland— 4s O H '40-'45 tax ex..A&O 6 0.75 Portland Bridge District— 3s % % 2.45 % Ms 1 Ms 1939-1946 lMs 1939-1942 to 3.65 J&J Funding 1948..—_J&D 2Mb Water May 1 1953—- to 2.0) Cambridge 2s 1939-1958.A&0 to 3.40 2.50 M&S ft 0.75 A&O ft 0.75 J&J 3Ms July 1. 1940-1947—. Portland Water District-^ % % % to 2.35 % to 2.25 % to 2.9) 104 1.00 > Water District— 1952-1958 to 2.90 0.40 101M Old Town Water District— 4s r*2o 1 104 — 4s Ref May 1, 1950—M&N 2*95 to 3.30 102 M 102 M 104 H 109 M ft 0.75 4s Sept 1, 1939-1953 M&S & 0.75 4s Highw & Bdge '40-44 M&N 6 1.50 4s State Pier 1940-1942..M&S ft 0.75 Kennebec to 101 to 3.15 108M H'way & Bdge '40-'54. A&O Auburn 4s 1910 tax-ex Augusta—4s Oct 15 1939-1955 4a Wat Wks Sept 1 1939-40 Bath 48 Ref 1941 tax-ex. J&D Belfast 4 Ms Ref '39-'50 M&N Brewer High Sch Dist— 4 Ms 1939-1945 M&N 3.00 3.00 % to 2.70 % to 2.00 to 2.75 J&D 0 0.25 F&Ajft F&A|6 Ref lMs 1939-48 3 Ms 1939-1951— 0.40 2 Ms MAINE 5s X 3%50 0.40 1940-1959 1939-48. T&D 6 0.25 93 1983 .J&D Metropolitan District— 2 Ms ser A 1910-'58-M&S 0.25 to 2.25 % 2 Ms ser B 1910-62.-J&J 0.25 to 2.30 % 0.15 to 2.25 % 2Ms Dec 15 1939-1960-.2 Ms Oct 1 1939-62—A&O 0.15 to 2.35 % Braintree 4sl910-1941 0.50 to 1.00 % J&J Brockton I Ms 1940-'48-.A&0 0.15 to 1.35 % Is 1940-1949 0.15 to 1.40 % M&N to 3.15 104 M 5s Mar 1953 opt 1943-M&S 5s 1905 Series D_. F&A ^ to 1.30 % 2.40 2.75 Subway 2 Ms 5s Oct 1952 A&O Pentchartrain District— 6s 1944 M&N 5s July 1968 J&J Red River A & B B District— 5s 1950 Series B A&O Shreveport— 5s Dec 1, 1939-1969—.J&D 4Ms W W & Sew '40-'54J&J to 1.70 3.00 3.40 J&Dr J&J J&J .J&D H% 1939-43 0.10 3 Ms 1939-1951. M&S'ft 0.40 3 Ms June 1 1943-1944-J&D 6 1,75 3 Ms July 1 1945——J&J 3s April! 1940-1957 0.50 2 Ms 1940-19680.5) J&D 2 Ms Sept 1 1939-1956-M&S 0.25 3.30 % to 2.60 5 0.60 0.20 to 1.15 % to 1.75 % to 0.80 108 to % & to 0.60 117 106 to 1.65 0.40 4s Sub 1957 tax-ex A&O 4s Sub 1958 tax-ex J&J 4s Tun & Sub '59 tax-ex J&J 4s relief 1939-53 Plaquemlne Parish E Bank— to 3.00 2.20 % 2.35 % 2.40 % 4 Ms w w 1939-1970—A&O 6 3.90 Warren Co 4 Ha 194^*59. J&J 6 3.80 1945-1967. to 2.50 2.30 2.45 2.50 Paducah— / Flat price. 102 6 2.20 2 30 6 2.40 6 1.20 to 2.9) 3.10 3.10 6 3.10 4 Ms Tun 1960 tax-ex—A&O 4 Ms Dec 1976— .J&D 4s Tunnel & Sub 1948 J&D Certificates of indebtedness— 6 0.75 6 0.75 3 Ha Ref 1943. -J&J 3s Sew & Park 1941 J&J 6 0.75 Owensboro 5s Sewer...—J&D 6 3.75 b Basis. 115 .A&O 4s 3.55 6 1.25 to 3.25 0.10 120 ' July 1940-1949 2sImprove,mt 1939-50 J&J to 3.20 M&N15& 119 105 ♦4 Ms Sept 1.1939-'68_M&3 105 4 Ms Non-callable 1952 J&D b 3 .40 Orleans Parish Sch Board— 5s 1939-1944—...J&D > 1.00 Soldiers* Compensation Bonds 4148. 1.50 1.00 1.00 to 1.50 % to 0.20 % 115M 118 48 July 1 1940-1952 0.25 KANSAS 4s, 1953-1954 Kansas City 5s 113 4s Mar. l 1942-1964—M&S Orleans District— 0.30 0.25 0.75 107 107 M 115 113M 117M 3 Ms July 1 1953-1968 0.25 1.70 % 2.20 % 1.25 % 0.10 . Orleans Levee Distifict— 3 Ms Ref 1939-1962 M&S Marshalltown— 4 12.25 11.40 1.83 2.30 0.6) 0.10 2.00 A&O 4s 1946-1956 H 0.25 112 105 106 Levee— Dec 1952 opt 1942..J&D 4 Ms serial gold 1939-45— 4 Ms serial gold 1945-60— 4 Ms serial gold 1901-80 Sewer and Water— less Road % % 2.25'% Arlington 4s'40-'42 (tax ex) J&J16 0.15 Beverley 1 Ms 1940-1948-A&O 6 0.15 Boston 4 Ms Sept 11981-M&S 4.00 to 3.00 to 4 Ms 1940-1966 -A&O b 1.00 Public Belt Bridge Rev— 4s 1939-1945 A&O b 1.00 1 1.50 Sept 1 1945__ to 2Ms reg July 1 1940-67& Metropolitan Water Loan— 2s reg 1944-68 J&J'ft lMs Reg 1940-1959. M&S.6 Is Pub Wks Feb 15 1940-1941 6 Hurricane & Flood Damage— New Orleans—Public Belt— to 2.25 to 0.75 Lyon Co 2Ms May 1 1940-47- to 1.35 J&Dr 0.10 110 A&O 5s 1956-1970 Lake Borgne Dist to 0.50 0.30 0.25 Lee Co Prim to 2.10 3s gold Water Jan 1 1941 .J&J 2 Ms Dec 1 1939-1947 Lafourche Basin Levee— 5a less 2.80 3.05 102 & 1.00 b 1.00 5s 1959-1969— F&A 15 5s 1972 opt '62——. 1.00 0.75 to 100 5s 1952 opt 1942 J&J 5s Oct 15, 1962 op '52-A&0 5s Oct 15,1963 op'53A&015 1.50 0.15 2.00 b 2.90 b 3.15 5s 1951 opt 1941 J&J Fifth District Levee— 5s 1950 opt 1940—-—J&J 0.75 1.75 to 2.00 100 M b 1.75 to 3.10 Caddo District Levee— % to~l".25 % 1940-42—-J&D 48 Net 2.90 99 M Bossier Dist Levee 5s '54-A&O Des Moines 1945—M&S b 1.50 ft 0.25 6 2.00 4s 1939-52 (tax exempt) — Var 4s Water registd 1910-58-J&J 3 Ms 1956 ref (tax-exem)-J&J 3 Ms Water 1942———J&J 3 Ms gold July 1944 M&S to 0.50 4 Ms Sept 1 4 Ha 1944— Ask MASSACHUSETTS b 2.00 to 2.75 J&J to 2.75 b 2.50 0.25 W to 2.65 to 2.85 0.25 6s Gen Obllg 1910 Ind S D— 3.30 to to 3.10 4Ha 1940-1941.--—M&N Des Moines 5s 1940-'57—J&J 4Ha W 6 1.25 b 2.40 2.00 0.25 to 3.00 b 2.20 IOWA J&D to 2.85 1944-55.. to 2.75 1939-1942 b 1.75 6 2.90 . 58 series F Mar Hammon (City)— 4s O H 1942-1950—J&J30 b 1.50 Cedar Rapids 4 Ms'49-'53M&N Co 2Ha 1942. _M&N 105 102 M 102 M 15,1945-485s series K July 1,1947-49— to 2.00 % 4s ser S 1941-1957——J&J 4s ser V 1943-1955 J&J to 2.10 % 3 Ha series S 1958-1960-J&J 3 Ms ser V 1956-1961--J&J 101 M 3-3Ms June 15 1943-1962... State Pension 5s June 1.1948. to 2.10 % Capital Bldg 4Ha Aug 15, '52 Charity Hospital at N O— to 3.00 % 3.85s 1942-1968 F&A 1:00 Atchafalaya Levee Dist— to 2~50 % 5s Sept 1939-1972 M&S Baton Kouge—5s '40-'54 M&S 104 Gary Sch City 4 Ms Oct 1943— Clinton to 2.00 101H 101M Refunding 3 Ha 1942-'56-F&A b 1.50 Ref 3 Ms 1957-1960— F&A b 2.60 to 2.25 to 1.75 Indianapolis— 5Ms Track Elev '40-'47-J&J 6 0.50 4s Fire Dep J'ne 1 '41-J&J 4Mb 1940-1955 J&J 6"d.5Q Indianapolis 9 D— 4s Blag Sept 1 1946—-J&J 3 Ms July I 1941 J&J So Bend 4Ms W W '43.M&N 5Hs 1941 M&S Soutn Bend School City— 4Ha Impt 1940-1948-F&A b 0.75 1.00 103 To or Bid Bonds Baltimore (.Concluded) 4s Regis'd stk 1946-57 M&N 4s 1939-1944 A&O 4s 1950-1965 M&S 4s 1972-1975 M&S 3 Ha March 1945 M&S 3 Ms Refunding 1952—.J&J 3M8 Sewage Impt '80-A&O Oumber'd 4 Ms W W *41-A&O Hagerstown— 5s Water 1939-1987 A&O 4Ms 1939 1987-— A&O Montgomery Co— 4Ms 1940-1968 M&N Washington Sub San Dist— 3 Ms Wat & Sewer '87-M&N 4 Ms Sewer g 1973 J&J 5s 1969 1.25 to Refunding Port Commission b 0.75 Ha Yield Basis To Net Short Term Bonds— b 0.40 ito 1.80 b 1.90 to 2.15 b 2.20 4 Ask LOUISIANA Cook County— 4s 1950 opt 1940-1944— 4s 1950 opt 1945-1947 4s 1950 opt 1948-1953----Elgin Sanlt D 5a'40-'44.M&N Evanston S D No 70— 4 Ms June 1 1940-1948 Forest Preserve— 95 BONDS possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as MICHIGAN 5Ms July 15 1941——J&J 15 5 Ms Oct 15 1941 A&O 15 5s Highway 1940.......J&D 4Mb Highway 1943 F&A 4Mb Highway Impt 1944 A&O 4s Highway Trapt 1942 —A&O 6 ft ft 6 0.50 less 0 60 leas 0.4 ) 0 9) less ft 0.95 less 6 0.«5 less less 96 STATE AND Quotations for all securities are as near as Yield Basis Yield Basis To or Bid Bonds Ask J&J 1944-1946 to 2.00 to 2.50 4s to 4Mb to 2.10 4s 5Ms w w 1939-1951—MAS b 1.20 Dearborn— 4Ms Sewer ^O-'Bl-'SO-A&O b 2.25 99 M 100M 100M 100M 4s 4MB 4MB " - to 3.30 "iSlM less b 2.95 4MB b 3.00 4MB Refunding Water series D— 3 Mb Oct 1 1951-1961 2.75 3 Mb Oct 1 1930-1950 0.75 3 Mb Oct 1 1948-1950 2.75 4s July 1 1940-1947 0.75 Street railway 4 Ms 3.35 3.60 Refunding 3 Ms 57-'62 J&D 1.50 Refunding 4s '40-*56—J&D General & Street less less 1 2.75 less 1 less I to 3.65 % Railway— 0.75 less 3.45 1.50 Water 2Mb Oct 1 1939-62.. Refunding 2Mb 1951-63 J&J Refunding 3 Mb 1940-50 J&J to 3.55 3.50 0.75 3 Ms Oct 1939-59 General 3s Oct 1 1959-62.. less % 1 to 2.70 % 1 to 3.55 Refunding 4s 1941-60-M&N 2.00 Refdg 3Ms 1961-62—M&N b 3.65 Rfdg 3 Ms 1940-52 .J&J 15 b 1.00 to 3.65 Rfdg 3 Ms 1953-62—J&J 15 b 3.55 Flint 4Mb 1939-1954.M&S 15 b 2.00 5s (Mar 1 & Apr 1) '40-'50- b 2.00 Flint Union School Dist— to 4.00 6s 1940-1954 M&S Grand Rapids— 3Ms Sept 1 1939-1940.M&S 3s Sept 1 1941-1945—M&S Grand Rapids School Dist— 4Mb 1939-1943 M&S Highland Park— to 4.00 % % to 3.60 _ _ _ 4Mb b 2.00 iS to to 1 3.55 % 3.80 % % % 6 1.25 to 2.10 % 6 2.00 to 3.00 6 1.25 to 2.60 6 3.25 April 15 1957 less % % 1 5Ms May 1 1941 2.40 6 3.30 less l 4Ms School Nov 1 1954 Jackson 4Mb 1940-47--A&016 6 2.00 to 3.25 % 6 4.00 less M 4Ms July 15 1955... Jackson Union 8 D— 4Mb 1939-1945 M&N 6 2.00 6 1.00 6 1.50 6 2.25 Lansing 4Mb 1940-1946—J&D Muskegon 4Mb 1940-44—J&J Muskegon S D 5s 1942—July to 3.40 to 2.60 M % less 0.50 to 2.10 2.75 —J&J J&J J&J 0.40 to 2.10 W.J.H&,1969 4s 0.40 to 2.15 0.50 to 2.10 1.50 0.30 to 1.90 0.50 to 1.70 to 1.70 0.25 ........A&O 6 1.80 6 0.75 6 0.50 1939-1941 M&N 1940-1966 A&O 2MB 1940-1967 .M&S 2.30s 1939-1947.——M&S 2MB 1939-1958 M&N 2.20s 1942-1959.. J&O to 1.75 to 1.10 to 2.35 to 1.50 2Mb M&S 1.00 to 2.75 4Mb 1940-1957 —A&O 5Ms Dec 1 1939-1946.J&D 1.25 to 2.90 1.25 to 2.40 % 0.35 to 6s 1.25 to 3.25 1.00 to 0.40 to 0.9U 1,00 1940-1953—J&J b 1.00 4Mb Dec 31 1939-40 1.00 4Mb Dec 31 1939 1.25 Daniels Co 5 Ms 1940 J&J 6s 1941 opt 1940 J&J Great Falls— 4Mb Wat & Sew '40-'50-J&J b 1.25 to 2.25 St Paul— 6s school to 1.80 to 2.15 2.00 to 1.75 July 1 1951.—J&J 2.80 4Mb W W 1940-1942—A&O 0.75 % to 1.50 % 1.00 % 3.25 3.25 % 2.70 less 4a 1940-1961 2.60s 1939-1957 —A&O MISSISSIPI 5Ms Impt 1940-1946 4Mb May 1 1940-1950 ,4Ms Impt 1953 1.00 1.75 0.75 0.50 0.50 J&D M&S 6 0.75 6 0.75 J&J h 2.65 4Mb Flood 1939-1953—.A&O 6 0.75 3 Ms Highway 1950-59—.F&A 6 2.60 BiloxifiMs 1940-1943....A&O Callable bonds 100 Non-callable bonds 101 .... Greenville 5s fund '43-*50 F&A 6 1.50 Jackson 5Ms 1940-1954.A&O 6 1.00 4Mb Jan 1 1940-1952 6 1.00 M&N 6 1.00 4Mb 1939-1952 Jones Co 5s 1940-1942—M&N 6 1.75 Meridian 5s Dec 1 1939..J&D 4Mb School House 1941 J&J Mississippi Levee District— 5s May 2 1944 Be July 11953 M&N 6 2.80 J&J 6 3.40 VIcksburg— 5b Pub Imp 1939-1948.F&A 6 0.75 Yaroo-Misa Delta Levee Dist5s 1939-1954 M&N 6 0.75 4Mb July 1949-. —...J&J 6 Basis. / Flat price. ..... n less to 2.40 F&A to 2.90 to 88 5Ms Water 1940-1963.M&S 4 Ms Bldg&Rd'40-'45 J&D20 Hackensack4Ms 1942 Imp b 0.75 to F&A 1.90 % 2.0 2.25 % 1940-1942—J&J b 1.25 0.75 to 2.50 Hoboken 5s 1940-1954 Hudson County— to 2.25 % 1940-1953 2.85 % 0.50 2.25 . .ou| % J&J 5 2.00 to 4. .40 6 1.00 to 3.15 to 2.90 4Mb 1940-1978 to 1.75 to sewer 1940-1978—J&D b 1.50 3.60 4s g Park 1954 & '59.M&N 5 2.80 2Ms Apr 1 1940-1959—. 5 0.50 Lincoln School District— 2.10| 2.25 M&N15 Hunterdon County— 4Mb Road & bldg '40-'46J&J 5 0.75 Irvington 5s School 1963.J&D 4Mb 1939-1959 J&D 5'l.00" Jersey City— 5Ms 1942-1953 A&O 5 2.75 5s 1939-1969 A&O 5 1.50 4Mb School 1939-1958.J&D 5 1.50 4Mb School 1945— J&J 4 Ms Water 1961 A&O 5 3.40 J&J b 0.50 to 2.60 J&J 0.20 0.20 to 1.40 0.50 to 0.90 0.35 to 1.10 0.25 to 2.00 to 2.40 0.30 to 0.80 0.30 to 2.10 J&J b 0.30 to 2.00 4Mb Water 1940-70-J&D15 4Mb Sch impt '40-'52.J&D 5Ms 1939-1970 J&D Linden 2Mb 1939-1956—J&D Lodi 5s 1940-1947 J&J Long Branch 5s 1943 M&N Lyndhurst 3-5s 1940-57—J&J Maplewood (Township)— 4s 1940-1967 J&D15 Middlesex (Borough)— 3 Ms 1940 to 1967J&J Middlesex County— 4Mb Road 1940-1944-F&A Imp 3s Nov 15 1939-1948— Monmouth County— 4Mb Mar 15 '40-'50-M&S 4Mb Rd & bdg '39-51F&A15 Montclair 4Mb Sch 1941.A&O 4Mb High sch bldg '44. J&D 2Mb May 16 1940-1970 Morris County— 4Mb 1942 opt 1922 J&J 3 Ms 1940-1949 J&D15 to 2.70 to 2.00 4Mb 1940-1967 J&D 5 1.50 4s Refunding 1949—F&A 4s July 1 1940-1953 57.50* Gen ref 3Ms '40-'54—F&A b 1.50 3 Ms, 1940-1956 J&D 5 1.50 Keansburg 5Ms 1940-59.M&N 5 98 to 0.75 to 0.80 % JERSEY 0.40 0.45 0.50 0.40 0.45 0.50 0.50 0.75 0.90 1.10 1.85 0.50 Morristown— 0.30 030 4Mb 1939-1942 4s 1940-1969. / % to 4.20 % to 4.20 to 3.50 87 to 3.25 5 1.25 to to 5 1.00 to 5 90 5 97 3*85 to 3.65 3.00 3.60 2.35 80 to 87* 5 0.75 to 2.80 5 1.50 to 3.75 5 1.00 to 1.75 5 0.50 to 2.00 5 1.00 to 2.90 5 0.75 to 2.90 ~ 0.75" to 2.60 5*0.50" to 2". 00 5 1.25 to 5 2.00 to 3.50 Mntr firlr 1940-1972 0.40 6s 6 Ms Oct 15 *39 to'59 5s 1940-1958 % £ 0.40 to 2.10 % 0.40 0.40 to 2.25 0.40 to 2.20 to 2.10 to Neptune 4Mb 1940-1955.F&A 0.50 to 2.10 3.30 to 3.90 5 1.25 .—M&N 5 1 25 0.40 to 2.25 to 4.00 _ —-J&D 0.40 0.40 0.30 5 1.25 % % % -M&S A&015 5 1.,50 5 0.,75 J&J 5 0.,75 4Mb 1939-1983— F&A 5 1.,00 4Mb School Dec 1 '45--J&D 4s Sch house 1959 opt 1949 4s Pas Val sew'61 op to 3.90, to 3.80 to 3.70 to 3.70 <61 J&D 1940-1970 J&D 57.00" to 3" 60 Ms TVack elev 1954.. F&A 3 Ms 1940-1966 M&N, 5 0.75" to 99""! 2Mb Jan 15 1940-1976-J&J 5 1.00 [to 3.35 4s 3 % 3.( to 2.90 Kearney— 0.30 0.30 % HAMPSHIRE Bridge bonds— 4Mb series C Jan 1940 4Mb Series D July 1940— 4Mb series R Jan 1941—... to 3.00 Road Bonds— to 2.60 4Ms8eries D Jan 1940 4 Ms series E July 1940 4 Ms series F Jan 1941 to 2.30 % 4 Ms series G July 1941— to 2.75 % 4s series H July 1942— is 2 4s series I July 1943 to 2.75 % 4M8serles A of '27 July 1944 to 2.75 % 4* ser B of '27 July 1950— Soldiers Bonus 5s July 1941 100M Highway Extension— 103 4 Mb D of *20 Jan '54 opt '39 to 2.90 % 4 Ma E of *20 July *54 opt *39 to 3.20 4Mb F of *20 Jan *65 opt '40 to 3.20 4Mb A of *24 Jan '65 opt '40 to 3.20 % 4 Mb B of *24 July '55 opt '40 to 2.00 4 Mb O of '24 July *66 opt *41 4 Ms ser B of'30 July '40-'e7 2.00 3 Ms ser O. of *30 Nov '39-'69 Institutional Construction— to 3 00 % 3 Mb ser A July 1940-1966.. to 3.50 % 4Mb series B July 1940-1967 4s series O April 1940-1969. to 2.70 % 2 Mb series D May 1940-1970 to 3.20 % 2. 80 % to 3. 50 0.25 1 1%50 [°70 Gloucester Co— _3Mb NEW 1 1 2.80 % to 2.00 Highway 1939-46-_A&O Holdrege S D 6s 1940-55-J&D 3B H S 1940-1956 1 | to 3 .20 to 2.50 Nominal?" ^ 1.75 6s 1940-1954 F&A b 1.50 3s 1939-1966 M&S b 1.2 5 Hamilton (Township)— to 2.50 to 3.00 less M&S 15 b 0.50 Essex Fells (Boro)— 5s July 28 1940-1960— b 1.00 Fairview 5s 1944 100 J&J Glen Ridge— 4 Ms Mun Bldg 1939-70 F&A b 1.00 Gloucester City— 4Mb 1940-1966 J&D 86 „ Nashua— to 1.50 5s School July 1 1961..J&J Be Gen'limpt 1940-62..J&J 4M« Sewer July 1 1943.J&J 4Mb 1940-1959— J&J 1940-1972 4Mb 1940-1960 4s Hospital 1946 to 2.25 to 2.60 1940-1978... J&J Englewood 5s 1940-1944- A&O Essex County—- to 1.90 bonds— '44, 2Mb Sewer 1939-1956.M&N 4Mb U S D 1939-1965^J&D Keene 4 Ms 1939-1942—M&N Manchester— 4s Impt 1939-1951 A&O 3Ms Bridge 1939-1956.F&A to 0.75 % % % 1.80 % Concord— to 1.80 Ramsey County 4 Ms Rd & Bdge *40-'43 J&D 2.75 % % 4Mb Highway 1939-1943.J&D 3 Ms Refunding 1942-1944 J&J 1Mb Highway 1941-1946 M&S to 2.00 0.75 2.90 to to 1.75 NEW to 2.00 0.50 to to 1.80 4s July 1940-1948 to 2.00 0.50 3.00 to 1.90 to 2.00 4Mb 1939-1950 F&A 4 Ms Rd & Bdge '40-'44M&N to 82 95 Com. 1.65 4Mb 1940-1955 to 2.30 0.50 Joint 1.75 York School District— 1 1M Mar 1 1940-1949-M&S 2MB 1939-1947 F&A to 3.75 1.70 to 1.25 % % to 2.75 F&A 6 1.60 J&J b 0.25 3.75 % % to F&A to 2.75 1MB 1944-1948 1.70s 1940-1949. % % 4.15 % to 98 M to 3.00 to Elizabeth— 4 Ms Wat wks Dec 15 *41 J&J1, 4 Ms May 1 1956 M&N 5s 1948 J&D Omaha SD 4Mb Mayl'55M&N 2b 1940-1946 A&O 6 0.50 1.90s Oct 1 1939-1946.A&0 6 0.50 1.80s 1939-1943 -F&A 6 0.50 River 58 Sewer 1940-1960 J&J b 1.00 3 School 1939-1974—A&O b 1.00 .75 Omaha— 6 0.50 6 0.40 6 1.25 b 2.50 3.65 % M&N 1954-58 4Mb M 1,10 6 1.00 % M&N 0.25 McCook Fund 5s *39-'43.F&A 0.50 North Platte Sch Dist— I 4Mb 1940-1959 J&J 6 1.00 % less less to 2.50 Public Bldg & Impt— 3 Ms 1950-55 ..A&O 5s Hennepin County— 4s 1944 70 1.50 Phila-Camden Bridge— 4Mb 1939-1945 M&S b 0.35 to 2.30 % 4Mb 1946-1973 M&S 115M 117 M East Orange— 4Mb 1940-1969 —J&D b 1.00 to 2.85 % St Louis— 0.25 to 2.75 Cape May Co 5s 1940---.M&S Delaware F&A M&N to 2.40 J&J b 1.50 4Mb School 1940-1951.M&S b to 1.50 4s 1940-1951 M&N 3s School 1940-1954—.F&A 2s Feb 1 1958-1959 F&A to 2.75 1.00 Cape May— to 2.20 0.40 1.00 1.00 3.60 - 4s 1944 -1968- J&J 4Mb 1940-1953 4Mb 1941-1948— J&J 1945-1970 Camden Co— Ms 1940-1970 NEBRASKA 2.60s 1.25 2.75 to 2.65 J&J Douglas County— 3Ms to to 4.75 Beatrice S D 5s 1940-54—F&A 6 0.50 to 2.50 to to 4Mb to 2.50 2.90 1.50 2.35 less to 0.75 0.75 0.75 5s Dec 15 1939-1955.J&D15 to 2.50 to to 2.50 2.00 1.25 to 2.50 to 2.30 Minneapolis— 5s 1940,1943,1945.1946, 1947, '48, '49, '50—J&D b 1.00 4MB 1940-1952 A&O 6 1.25 1.25 1.25 to 3.50 5Ms 1939-1961 F&A 4Mb Water '40 to '60-M&N to 2.40 0.40 2.85 Highway debentures— 1 to 1.50 to 3.60 Camden— 0.40 to 2.60 M&N b 0.90 4Mb Sanitorium '40-'42 J&J b 0.80 4Mb Hospital *40-'41.M&N b 0.75 to 3.50 to 2.70 to 4s 5Ms Bridge 1940 to 4.00 1.50 1.25 1.25 1.25 to 2 .60 to 2,90 0.40 4Mb 1940-1947 J&J 6 1.00 1940-1946 .J&J 6 1.00 Duluth Ind School Dist— 5Ms 1939-1940 A&O 6 1.00 to 3.25 to 2.75 5s 1941 4s opt to 2.50 to 1.90 3.85 % to 2.30 to 3.00 0.40 3Ms 1941-1951 J&J 2Mb 1945-1955 J&J St Joseph 4Mb 1940-45—M&S Refunding 4Mb May 1 1951 St Joseph S D 4s 1940 Funding less 58 86 2.45 0.40 MONTANA 2.50 6 1.50 56 Bloomfield4Ms 1939-69J&D15 2Mb School 1940-1969-M&S Bogota 4Mb 1940-1946-J&D Bound Brook 4 Ms '40-'42 J&D Bridgeton (City)— 4Mb 1939-1958 J&D b 4s 1941-1951 4Mb 1940-1950 4Mb 1940-1950 4Mb 1946 _ % 74 84 Water 3-4 Ms Jan 1973 J&J 1939-1955— F&A 4Mb School 1939-1966-F&A Belleville 5s 1939 & '44_M&N 3s Refunding '40-'60.M&N Belleville S D 5s '39-'44 M&N Bergen Co— 5Ms Dec 1 1939-1942.J&D 5Mb Dec 15 1939-60.J&D15 to 2.60 0.40 to 0.70 72 4 Ms to 3.10 0.40 to 0.90 0.30 Bayonne 5s 1940-1949 2*. 60 0.40 Duluth— o to 1 to b 1.00 to 2.50 2,75 4Mb Airport April 1 1948.. 6 3.10 less 2s Rural Credit ctfs 1942 0.40 to 2.50 4Mb Various May 9 '40-'72 4Ms Jan & July 1942 J&J 4Mb 1940-1955 A&O 4Mb Airport 1939-54—A&O 4s Airport 1939-1971—M&S 3 Ms 1940-1974 J&J 3Ms 1940-1974 F&A 3 Ms 1939-1955 A&O 3s 1940-1957— J&J 3s 1954-1975 M&S 2Mb 1958-1975 J&J 2Mb 1956-1975 A&O Kansas City S D— to 2.80 6 1.50 MINNESOTA 3Ms July 15 1943 ...J&J 5 1.25 2 M trunk h'way '47-51—M&N b 1.60 1.85sRuralCreditctfsl941 b 0.90 to 2.40 "0.50 to 0.70 to 0.60 Springfield 4Mb '40-*49—M&N University City— 4Mb 1940-1943 M&N 4Mb 1942-1949 J&J15 % less M to ...... , 0.40 0.50 0.40 0.40 Atlantic County— 4 Ms Bridge 1940-1957-A&O b 2.50 Audubon (Boro)— 6s July 1 1940-1944 2.50 5 D 4Mb 1940-1955 M&S 2.25 to 2.00 2s Saginaw 4Mb 1939-1949—F&A Covert roads Voted bonds to 2.20 1.10 2Mb 1951-56 less to 1.00 to 0.60 0.30 Atlantic City— 2M-4Ms Jan 1973 to 2,60 to 2.60 99 less 1 6 1.00 0.25 0.50 to 2.10 Pontlac— Refund 4-4 Ms 1964 opt 1937 97 6 4.50 4Mb School June 1 1955 Port Huron 4Ms 1942. 6 2.25 4Mb Sewer 1940-1951.J&D 6 1.00 Wayne County— to 0.40 4Mb 1943-1948— Kansas City— to 2.75 to 0.25 to 0.50 0.30 Refunding 4s 1966 Joplin (School District)— less less to 1.65 to 1.80 Jackson County— 4a 1940-1951 J&J 4Mb 1940-1950 J&J 4Mb 1940-1950 J&J15 4Ms 1949 J&D 4Mb Road 1940-1952—J&J 4Mb Court h'se '40-'52 J&J 101M less to 1.80 1.75 J&J b 1.00 Ret 3s 1943-1956 b 2.90 Water 4s 1.65 0.25 J&D J&J to 0.50 0.30 0.40 3Mb Mar 1940 to 1942 3 Ms May 1940 to 1942 2M Jan mo to 1943 Ed Aid 4 Ms ser A Jan 1940-42 Asbury Park (City)— to 1.65 3s State Bldg 1940-1944.F&A Buchanan County— 100M to 1.50 to 1.85 Net Emergency Relief-— 3 Ms Jan 1940-1941 5s May 1940 to 1941 4 Ms Nov 1939 to 1941 1.10 Ask Bid to 1.40 1.65 3s Road 1963-1957 3s Building 1940-1941 6 3.80 non-callable.. N. J. A&O 1948-1952 4Ms Road 1939-1942 Detroit— General 3 Ms callable (Long) Bonds to 1.85 M&N J&J 3 Ms to 3.10 Bay City— 5s Road 1944-1948 Nov 1 1948-1952 To or Net Ask 4 Ms 1939 2.10 Battle Creek— 4Mb Sewer 1939-40—M&N b 1.25 Battle Creek S D— 4 Ms 1940-1949 F&A b 1.50 Bid MISSOURI Road 1948-195"—_M&S b 1.65 .A&O 0.90 4Mb 1943-1946 M&S 4s 1943-1947 0.90 M&S b 1.10 b 2.00 W W ref 4 H* 1940-1948 Yield Basis To or Bonds Net Ann Arbor— 3Ms BONDS MUNICIPAL possible for the closing day of the month preceding the date of issue AUG., 1939] are as near as possible for the closing day of the month preceding the date of Issue Yield Basis Yield Basis To or Bonds Bid Ask to 3.30 to 3.40 to 3.40 83 83 to 1.50 to to to M&S 5M8 General improvement 4 MB 1940 J&D 1.00 to 6s Impt 1940-1948 M&N 1.00 4Mb Refunding 1944—M&N 4Mb Water 1940-1970—J&J b 1.00 Passaic County— J&J 4Mb 1940-1946 1.00 4Mb 1939-1968 J&D 1.00 to 4* c/Yr» to to 2.10 2.10 2.10 to 1.65 to 1.90 6 0.25 to 2.25 6 0.25 to 2.20 to & 1.00 to &T.00 to 98 b 4.00 to b 4.50 to 6 to 98 b 0.50 to J&D b 1.25 Ramsey 5s Water 1939-1940— b 1.50 Red Bank (Borough)— 4Mb 1939-1953 —M&N b 0.50 Ridgewood 4Mb 1940-62.M&N b 1.00 4MB 1940-1968 M&N b 1.00 Sea Isle City 5s 1942 F&A 75 to Rahway— 4Mb 1939-1953 Somerset County— 4Mb 1940-1949 3.60 % Apr 15 1940-1955-—-A&O 3Ms Mar 15 '40-'81-M&8 15 3 Ms Mar 15 '40-*81—M&S 15 3s g Canal Jan 1 1956-—J&J 3s g Canal July 1 1958 --J&J 3s g Canal Jan 1 1959---J&J 3s Canal 1957-1959 - J&J 3s Mar 25 1940-1987 M&S lMs 1940-79 —A&O Eliminat'n of Grade Crossings - to to to to 2.75 2.70 4Mb 4Mb 1940-1969 1940-1968 to 99 to 1.60 % % 2.75 % 2.80 % to 2.90 to to Impt 1940-1955—M&N Tenafly 4Mb 1940-1963.F&A 0.75 1.25 to to 3.20 to 6 1.00 to 2.85 3.35 to 3.25 3.20 NEW to 1.25 6 0.20 6 1.05 to 0.95 to 1.20 6 1.05 to 1.25 2.60 to 2.40 0.30 to 0.50 0.30 to 2.00 0.40 to 2.40 0.30 to 0.30 to 2.30 0.25 to 2.20 0.20 to 1.80 0.25 to 2.15 0.20 to 1.80 0.25 to 2.00 0.25 to 0.25 to 1.70 to 2.10 0.25 to 1.60 2.20 to 2.70 0.40 to 2.75 2.90 2.70 0.60 to 2.70 0.40 to 2.40 0.30 to 0.50 to 1.80 to 1.90 0.50 to 0.50 J&J to 0.40 to J&J J&J 4Mb Highway 1965 4Mb Bar At Canal 1945 4Ms Bonus 1940 1949 62 96 0.25 1.45 2.30 2.30 2.25 to 3.65 2.75 to 4.50 4.75 to 3.00 % % 2.35 % 2.20 % 2 25 % 2.20 % 2.20 % 0.75 1.45 1.35 2.10 2.00 1.25 % % % % % % 4s g High Imp Sept 1958.M&S 4s High Imp Mar I960-- M&S 4s Canal Imp July 1960 J&J 2.10 2.00 2.15 4s Canal Imp Jan 1961 4s Canal Imp July 1961 2.15 2.05 % 2.05 % 2.05 % 2.15 J&J J&J 2.15 4s Highw Imp Mar 1961 M&S 4s Palisade Park 1961—M&S 2.15 2.15 4s Canal Jan 1962 J&J 2.15 4s Highw Imp Mar 1962 M&S 4s due Sept 1 1965—....... 2.15 4s due Jan 1 1966 b Basis 2 20 2.20 3 3 3 3 3 3 3 3 3 3 3 3 Ms Ms Ms Ms Ms Ms Mb Ms Ms Ms Ms Ms Corp stock 1939-1954exempt 1941 M&N exempt 1942——M&N R T 1948-1950.-M&N g exempt 1952 M&N g exempt 1953 M&N g exempt 1954—M&N g Water ex 1954. M&N exempt 1955 M&N stock Apr 1,1954-A&O Corp stock Mar 1,1960 Corp stock Jan 15,1976 g b 0.40 113 to 2.95 b 1.00 0.80 b 1.30 1.10 b 2.65 to 2.80 b 2.95 2.80 6 3.00 107 2.90 108 107 108 105M 107 106 107 107 108 107 108 3^8 reg Corporate stock 950-53 M&N 6 3.05 3 Ms Corp stock July 1,'75103 M 2.85 % 105 2.10 3Ms serial lyiu-iy < y_ —je oca 6 0.40 serial 1940-1979--F&A to to 2.65 103 103 J&D 6 0.30 to 2.65 2 Ms 1940-1979 M&N 6 0.40 0.20 to 1.75 0.30 to 2.00 0.30 to 0.30 to 1.50 1.75 to 2.90 2.00 1940-1958 F&A b 0.30 J&J Long Beach 4s 1940 5 Ms 1953 2.50 to 1.20 to 2.60 2.00 to 2.40 0.40 to 2.00 0.20 to 2.10 0.25 0.50 to 1.60 to 2.70 to 2.00 to 2.00 to 2.10 to 2.85 2.05 % 2.05 % 2.05 % 2.05 % 2.05 % 2.10 % 2.10 % 1940-1946-F&A 6 0.40 2 Ms assessm't 1940-44. J&D 6 0.40 Parkway Authority— 3M% Rev 1940-'53-A&0 5 0.50 3 M % s f Rev 1968—A&O 109 M Niagara Falls— 5 Ms 1941-1948 M&N 6 0.50 4.15s Sewer 1965-70--M&N 6 4.10%Sewer 1940-1950. J&J 6 4Mb Wat May 1 '41-48M&N 6 3.95 Nov 1 1961-1970-M&N 0 3 Ms 1942-1945 M&N 6 to 3.00 to 2.05 to 1.50 to 2.85 110M to 1.60 2.20 to 2.30 0.30 to 1.80 0.50 to 1.60 1940-1949 Niagara Falls S D— 4Mb 1939-1960 2.20 0.75 to'2.30 to 1.50 F&A 6 0.20 to 1.50 to 2.15 Hempstead S D No 7— 4Mb 1940-1942 J&D 2.40s 1941-1967 M&N North Tarrytown— 4Mb Water 1939-64—A&O 4Mb 1947-1972 J&J Oneida 4s Water '40-'45.-J&J Onondaga Co, 4 Ms '39-47A&0 6 0.50 to 1.30 6 0.90 to 2.40 6 0.35 6 2.00 to 3.00 6 0.2o to 1.35 to 2.70 6 0.25 to 1.60 to 2.00 to 1.80 to 2.90 b 0.50 b 0.25 to 2.90 Ossining4Ms 1939-1942.M&S 6 0.50 to 1.25 to 4Mb Water 1940-1969.A&0 6 0.40 Oswego 5 Ms 1940-1946--M&N 6 0.40 Oyster Bay Water Dist— 4s 1940-1950 J&J 6 0.25 to 2.75 0 0.25 to b 0.25 to 0.20 to 0 2.70 2.75 2.40 1.65 0 0.25 to 2.60 b 0.25 to 2.60 b 0.30 to 2.00 & 0.30 to ^.25 b 0.25 0.25 to 1.85 _ to 2.20 to 2.20 to 1.80 to 1.50 to 2.30 Pelham (T) Un Fr Sch Dist No 1 4.60s 1944-1966— 6 1.75 Poughkeepsie 4Mb '40-52 J&D 6 0.30 4s School 1939-'59 M&S 6 0.30 Port Jervis 4Ms 1940-'69-J&J 0 0.50 Port of N Y to 2.90 to 1.90 to 2.20 to 3.00 Authority— Gen & ref 4s May 1, 1975— Gen & ref 3 Ms Dec 1.1965. Gen & ref 3 Ms May 1. 1976 Gen & ref 3 Ms Aug 15 1977 to 2.90 "98 108M 109M 106 105M George Washington Bridge4 Mb Ser B '40 to '53-M&N 106" 105 Gen & ref 3s Dec 15 1976— 105 M 102 M 101M 106 „ Inland Terminal— to 0.25 0.25 4M sser D 1940-1941.M&S 4M sser D 1942-1960-M&S Holland Tunnel— 109M 109M 4Mb serE '40-'41—M&S 110M 4Ms ser E '42-'60_—M&S 110M 111M Putnam Co 4Mb '40-'51-A&0 6 0.50 to 2.40 4s 1940-1954 F&A 6 0.50 to 2.40 Rensselaer County— to 3.10 3.20 1.00 3.00 1.25 2.00 to 1.00 Rochester to to to to 1.25 2.75 0.60 to 3 00 2.30 to 2.60 0.25 to 2.60 0.25 to 2.00 to to A&O 0 0.75 J&D b 0.50 to 1.35 1.75 to 3.00 J&J b 1.75 J&J b 1.00 to 3.00 to 2.90 2.00 b 1.00 ____ 102 b 0.50 M&N b 0.50 3.40s July 1 1941-1945-J&J 2Mb 1946-1956 2Ms 1940-1957 F&A 2.40b May 1 1940-48. _M&N to 3.00 6 0.20 2s Mar 1 4Mb Highway 1939-58.F&A 6 0.50 5s '40-'62 to b 1.20 to 1 85 b 1.75 5 1.00 ,to 2.80 I to 2.80 b 0.50 to 2.10 111M to 2.55 F&A 6 0.35 to 2.40 4M8 Pub Imp "39-'58-F&A 0 0.35 4Mb 1940-1959 M&S 6 0.35 4s Imp Sch &c '40-'47_J&J 0 0.30 2Mb 1940-1957 M&S 6 0.30 1Mb 1939-1940 —A&O 6 0.25 1.70s 1940-1948 F&A 0 0.40 to 2.20 to 2.20 to 1.60 to 2.00 to 0.50 to 1.60 Rockland Co— 4Mb 1939-1945 1940-1950 101 1.70s 1939-1968 .J&D 0 0.25 Ontario Co 4s 1940-1951-M&N 6 0.25 Mount Vernon— 3s stock Feb 1 1979 to 2.30 to 5s 1940-1943. to 3.00 6 0.30 0.25 Middle port 4.35s '40-'42_J&D 0 0.20 Mineola (V) 4.40s 1940-68 J&J 0 0.50 Monroe Co 4s 1940-44 F&A u 0.25 3.90s Co Bldg '40-'50—F&A b 0:40 1Mb Jan 15 1940-1942-J&J b 0.25 4Mb 1940-1944 4s 1940-1947 3Ma 1944-1961 3s July 1 1940-1964 to 3.00 6 0.40 to 3.10 95 M&S 6 0.30 0.50 to 3.20 3b 1939 to 1946 Nassau County— 102 3.70s 1940-1951 ——.A&O 6 0.25 Ref 1.90s 1940-1957. .F&A 6 0.25 2.10s Feb 1 1940-1968 6 0.25 96M 4Mb 1940-1943 A&O 5Ms 1940-1941 A&O 4Mb School 1962-73-.M&N 4s Sewerage 1950-55—M&N 2Mb 1939 to 1956 M&S 101 2Mb Serial No 4.20s 1939-1945 M&N b 0.25 4.20s sewer 1946-1960.M&N b i.70 4 Ms 1940-1951 M&N b 0.40 4.40s 1940-1950 M&N 0 0.40 4Mb 1940-1954 to 2.10 corp 6 2.25 M&S 6 0.40 Rockville Centre (V)— 4.15s 1940-1952 -J&D Rome 4.10s 1939-1950—M&N 0.75 0 0.50 1.80s 1939-1945 M&N 6 0.25 Rye & Har'son Un Fr S D No 6 4.40s 1939-1953 F&A 6 0.25 0 Saratoga Co 5s 1940----F&A 4Mb 1939-1955 M&S 6 0.35 4s Sept 1 1945-1954—M&3,6 1.50 / Flat price* 118 2.30 4Mb 1940-1964 J&J b 0.50 Mamaroneck UnFSD No 1— 5Ms May 11940-1952.M&N b 0.50 3.90s 1940-1964 J&J b 0.75 0.90 124M 118M to 6s 1947 Beach acquisition. Mamaroneck (Town) 66 100 J&J 124 2 Ms 1939-1953 Jamestown— 4s Mar 20 1943 A&O Lackawanna 4 Ms '39-'54M&N 124 % 123 122M 123 M 117M 116M 111M 111M 2.20 1940-1980 F&A Hempstead (T)4Ms'40-59 A&O Hempstead 4Ms 1939-65 M&S 2.30s 1940-1967 J&J Hempstead Un F 8 D No 16s 1940-1954 M&S Hornell 4Ms 1939-1947—F&A Hudson Riv Regulating Dist— 4Mb 1940-1965 J&J 4.70s 1940-1965 J&J Huntington (T) 4s '40-'52.J&J Islip 4s 1940-1951 M&S Ithaca 4Ms Water 1942--J&J to 3.25 4s Canal Term Jan 1946__ J&J 4s g High Imp Mar 1958.M&S 122 M to 3.20 122 2.40 4Mb 1.00 to 1.65 1.35 b 0.90 113 4s Various May 1957-M&N 113 114 4s Nov 1958 M&N 113M 114M 4s May 1959 M&N 114M 113M 4s serial 1940-1963 J&J b 0.40 to 3.15 4s 1940-1954 J&J15 b 0.30 to 2.80 3 Mb Corp stock July 1 '75— 110 111M 3s Garden City 4Mb 1940-52-J&J16 Greenburgh (T)— 4s 1940-1951 J&J b Greenburgh U S Sch Dist No 9 4.40s 1940-1965 J&D b Groton 6s Wat '40-*50—M&N 0 Harrison (T)— to 2.85 0.25 120M 120M 121M to 2.85 % 2.25 120 M 119M 119M 120M 121M J&J15 6 0.30 % to 119M 119 M&N M&N % 123 M 118 2MB 1940-1979 — to 3.00 to 1.35 to 3.00 112M to 2.10 4s 1945-1953 M&S 2.90 March 1, 1940-1947 Essex Co 4s 1939-1956—M&S Free port— 4.50 97 to 3.50 125M b 0.50 120M 129M 125M 126M 0.40 to 2.50 117 124 to 3.00 4Mb Water 1939-1945-A&O b 0.20 Erie County— 4Mb 1940-1959 J&D 0.40 b 2.00 125 124 M 120 M 119M 119M 127M 3Mb Aug 1 1939-1978-F&A 6 Par Elmira— to 123 M 123 to 2.95 to 1.90 to 4s Nov 1955 4s Various 1956 to 3.10 to 4Mb to to 2.10 0.75 to 2.15 M&S J&J A&O 4s Canal Term 1942 2.35 Authority— — 4M8 Highway 1963.....M&S 2.05 0.30 b 0.50 b 0.75 3.60 YORK 4Mb Canal 1965 2.70 0.20 to J&J b 1.00 J&J b 1.00 4 Ms Canal 1964 2.35 to 3.00 b 0.50 0.60 „ 6s Jan & Mar 1 1940-1945 6s Jan & Mar 1946-1970 to 1.95 6 0.15 to 99 Albuquerque— Conser Dist 5Mb 1939-1973--F&A Socorro Co 5s 1941 op '21.A&0 Par b 0.50 SMsHighway 1940 J&J b 2.00 1.00 4Mb Dec 16 1952 opt *22.J&D 99 100 3 Ms H'w'y deb '46-47—M&N b 2.75 2.25 3 Ms H'w'y deb '48-'49—M&N b 3.00 2.50 3s Jan 1 & July 11949-1952... 100 102 2Ms H way deb 1944-45-M&S b 2.75 2.25 2Ms 1946-1951 J&D b 2.25 to 2.50 2Ms H'way debs 1951-52-A&0 99 101 2Mb H'way debs 1953-54-A&0 b 2.85 to 2.60 4Ms 1940-1950 4 Ms 1940-1950 Middle Rio Grande 6 Cortland Co 4Mb '40-'51_J&J Delaware Co 4.20s '40-'52A&0 Dutchess Co— 4s 1940-1946 M&S 4s 1947-1954 M&S East Chester— NEW MEXICO 5s Water Works 1962..J&D to 1.35 Par b 1.00 1940-1961—M&N b 2.75 J&J 6 1.90 to 2.65 b 0.50 M&N 4MB 1940-1965 M&N 4MB 1940-1963 M&N 2Mb 1939-1947 M&N New York City— 4Mb June 1965 J&D 4Mb 1963 -M&S 4Mb May, 1957 M&N 4Mb NOV 1957. M&N 4Mb Dec 1, 1979 J&D 4Mb Corp stock 1967—J&J 4Mb Corp stk 1971--J&D 15 4Mb July 1,1940 to 1955— 4Mb Jan 1, 1977 -J&J 4Mb 1960 M&S 4Mb Mar 1, 1962 M&S 4Mb Mar 1, 1964 M&S 4Mb April 1,1966 A&O 4Ms Apr 15,1972 A&015 4Mb Rap Tr & Wat '74 J&D 4Mb Feb 15. '41-'66-F&A15 4Mb Feb 15,1976—F&A15 4MB Nov15, 1978—M&N15 4Mb Mar 1, 1981 M&S 4s Oct 1,1980 A&O 4s May. 1977 M&N to 2.25 0.50 > Highway 1940- to 2.10 b 0.50 b 0.50 Net to 1.00 New Rochelle— 5s 1940 1950 4MB 1940-1959— A&O Corning 5Ms 1960—-—M&S Cortland (City)— 1.60s 1940-64 J&D to 3.40 to West Orange Gen ref 3 Ms 1940-1959 A&O b 1.25 6s to Newburgh 4s Wat Impt 1942-1963-J& J b 1.00 4Mb Wat Impt 1940-41-J&J b 0.50 J&J 3Ms 1940-1964—--J&D to 2.40 b 1.25 b 1.25 3 Ms 1941-1951 opt '40-A&O 100 M 3Ms 1940-1979 J&J 6 1.50 Westfield— 6b June 15 1940-1960—J&D 0.75 4Msl940-1966 A&O 0.75 West New York— 4Mb Oct 1 1939-1968—A&O b 2 50 School 6 0.20 6 0.20 Ask 3 Ms ser F 1940-64- -M&N Columbia County— » wlrnn 126 to 2.20 0.60 2.75 to 1.50 b 1.50 b 1.25 1950-1965 b 2.10 Union Township Sch Dist— 4Mb 1940-1968.- ——J&J b 2.50 Ventnor City refunding 4-5M« 92 Vineland (Boro)— 5Ms 1940-1950 M&S b 1.25 o 126 6 0.25 4s 1940-1964 Trenton— 6Ms 1940-1951 A&O 5e School 1940-1955—A&O 4Mb 1940-1966 F&A 4Mb 1940-1960 F&A 2M8 gen fd & ref '40-68 F&A 2Mb 1940-1954 M&N Union City 4Mb 1939-'64.J&D Union County— 4Mb Oct 15 1939-1952— 4Mb Rd&Bdge'40-'47-F&A 4s Oct 11942 A&O 2.80s Gen Impt B June 1 124 2.40 Sewer 4b 126 124 Bid Bonds 3s Rap Trans 1947-51--F&A 3s corp stock Jan 1 1977 J&J 3s Serial 1940-1968 J&J 3s serial 1940-1969 M&N 3s serial 1939-1973 J&D Summit— 4Mb School 1941 F&A 4Mb Imp & sch r39-'60-J&D b 0.50 Sussex Co 4 Ms '39-*44—M&S b 0.75 124 - 2s 1940-1959 Marine J&J 6 0.50 —M&S b 1.00 J&D 0.75 J&D 0.75 126 5Ms 1944 —J&D 15 5s 1940-1950 M&N 4Mb 1939-1967 A&O 4s June 151960 J&D 4a 1940-1958 J&J 3.40s Nov 15 '39-'55--M&N 3.10s Oct 15 1939-46-A&0 2.60% Relief 1940-45—J&J 2Mb Oct 15 1939-56.-A&O 2.20s Jan 15 1940-1947-J&J 2.10s 1940-1949 J&J to 2.00 1940-1962 124 2s Mar 1 1940 1956 Buffalo— to 2.25 4s 1940 to 1944— - $ -J&D b 0.75 6s - 2Mb Dec 8 1940-1987—J&D 3.50 % Unemployment Relief— 2Mb July 6 1940-1947--J&J 1.25 General State Improvement— 2Mb July 6 1940-1962--J&J 3.50 % 1 Ms Sept 10 '39-46-M&S 10 3.50 Emerg Unemploym't Relief— 2.160 ? 2Mb Sept 25 *39-'43—M&S 2.90 % 2 Ms Sept 25 '44-'45—M&S 1Mb Sept 101944-19462.00 Albany County— 2.90 4MB 1960 M&S 3 Ms Fund 1940-1941- M&N 3.75 2 Ms refunding 1940-'57_J&J 2°.65 Albany (City or)— „,v 3 .50 % 4M 1940-1969 M&N 4M 1940-1970—----J&D 4s Munic & Sch '40- 63-J&J 1.00 3M 1940-1971 -J&D par 2Mb 1939-1953 M&N 97 2Mb 1940-1978 M&S 2.60 2% 1939-1955M&N 1.70s 1940-1979 2.65 % J&D Albany Port District— 3.30 4s 1939-1972 M&N 2.00 Auburn 1.60s 1940-1958-F&A Binghamton— 2.35 4Mb Oct 1 1939-1971—var 4Ms 1940-1952 J&J b 0.75 South Jersey Port District— Terminal— 4MB 1939-1973——-A&O 6 2.50 South Orange— 1967--J&J To or b 2.20 Imp Jan Yield Basis Ask „ <•«*■—* 6MB 1939-1959 M&N 4Mb Feb 1 1945 F&A 4 Ms 1939-1967 A&O Perth Amboy— 4Mb April 1944 4Mb Water 1940-64—M&S2 6b Feb 1940-1977 F&A 4 MB refdg 1944 & *46—F&A Plainfield 4s School 1959 M&N 4Mb 1940-1962 Various-J&J % a 'oo to 4.80 Passaic— 1939-1951 3.00 °T 4s Higbw Imp Mar '67—M&S 6 2.20 4s Palisades Park 1967--M&S 6 2.20 4s Bldg constr '40-'49.—M&S 6 0.25 6 0.25 4s 4s Canal 4Mb 1939-1957 F&A 1.25 4Ms Sch & wat '40-'69_J&D 1.25 4 Ms 1939-1967 J&D 1.25 North Arlington (Borough) Refunding 4s 78 North Bergen ref 4s-4Ms— 82 Nutley (School District)— 4MB 1940-1942 F&A 1.00 4MB 1943-1967 F&A 1.75 5Ms Nov 15 1939 —M&N Ocean City 5s 1944 F&A 101 4 Ms Impt May 15 1940-'56_ i 3.00 Ocean Co 4Mb 1940-'50_ J&D > 1.50 Orange— 4Mb Sewer 1939-1964-A&0 b 1.25 Bid Bonds Net New Brunswick "P 97 STATE AND MUNICIPAL BONDS Quotations for all securities \ to 1.50 % to 2.60 to 2.25 to 1.50 to 2.75 25 to 2.20 to 2.20 STATE AND MUNICIPAL 98 Yield Basis Yield Basis Bid Bonds Net Ask Yield Basis To *or To or Bid Bonds BONDS possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as 6 0.25 to 1.75 to 0.75 J&D A&O 4s Oct 16 1939-1944—A&O 2Ks 1939-1955 -A&O b 0.20 to 1.75 High Point 4Mb 1940-48-J&J 100 5s Wat Serv 1939-1968 J&D 699 M b 0.25 to 2.25 Iredell Co 5s Aug 1 b 0.20 to 1.50 b 0.20 to 2.00 Lincoln Go—- M&§ b 0.20 to 2.00 5s Bridge 1940-1951—F&A Mecklenburg Oo— 6s Ref Nov 1950 M&N Pitt County— 4Mb 1943-1947 M&S 5s Fund June 1959 J&J Raleigh— Scarsdale 4Mb 1940-45—J&D Schenectady— 6s Dec 15 1939-1941 4.30s 1939-1948 4.15s 1940-1960 -- 2.20s 1939-1950 1.80s 1939-1950 1.10s 1940-1949 M&S M&S 8chenectady County— 4Mb 1942-1958 -J&J 6s Dec 15 1939-1948---Solvay 4Mb 1940 -F&A Somers (T) 4Ms'39-'53-M&N Southampton— 5s 1940-1971M&N Suffolk County— . o 4Ms 1940-1950 1.75 to b 0.25 to 1.30 b 1.20 to 2.25 b 0.25 to 2.00 b 1.00 to 3.00 6 1.00 % to 3.00 1%00 _ to 2.20 1939-1957———A&O 4Hs Syracuse— 1940-1951---—J&J15 3Ms to 1.70 _ M&S 4MS 1940-1944-M&N 4.20s Dec 15 '39-71 J&D15 4s 1910-1946- J F&A 6HB 1939-1960— -.—J&J15 1940-1957 M&S M&S 2.10% Aug 15 1946-1947-— IHB 1940-1948 F&A 1Mb 1940-1946 M&S 3s 1910-1971 - — b 0.25 to 2.50 b 0.25 to 1.70 b 0.20 to 2.50 b 0.25 to 1.75 6 0.25 & 0.20 to 2.00 2.20% b 0.20 b 0.20 to 2.00 b 1.50 to 1.60 Thousand Isl'dse b 0.20 to 1.50 Ticonderoga S D No 5— 4 Ha July 1910-1958 J&J b 0.50 Tonawanda (City of;— 1.00 3 Ms sewage 1940-69—J&J 1.25 4MB 1940-1942—. J&J 1.25 4Mb Sewer 1940-1953--J&J 1.50 6s Water 1910-1950— J&J 5 Ms Water 1910-1950—J&J 1.75 Union Free Sch Dist— 2.80s 1939-1958 M&N & 1.00 Trlborougb Bridge— 4s s f revenue 1977 A&O 112M 4s serial revenue 1942-'68— b 1.25 Troy— .. 4Mb 1940-1950— 4Ha 1939-1970 4Hb 1940-1965 Rev 2.60s 1967-1969-A&0 Oct to 3.00 -J&J to 1.00 to 2.25 b 0.20 to 2.40 b 0.25 OHIO % % % to 2.30.% 6 0.20 to 1.80 & 0.20 to-1.60 i % % % % % % % to 1.75 to 1.90 b 0.50 to 2.40 100 b 1.00 to 1.75 to 2.20 to 2.40 to 2.90 0.35 0.30 to 3.00 2.80 to 3.10 0.25 to 1.40 1.04 Ito 2.70 to 2.60 0.30 2.60 to 2.70 0.30 to 2.25 2.25 to 2.90 0.30 to 2.75 0.30 1 to 2.10 % 3 to 3.00 to % 3.00,% to 3.40 % to 2.00 to 3.00 0.50 to 3.40 0.50 to 3.40 4.30 to 3.30 % to 3.80 1 % to 4.00 % to 4.00 % 6 2 6 2 — to 3 2.60 00 % 2 .00 % to 2.10 .00 .00 .00 to 1.85 .00 to .00 to 2.00 .40 to 2.10 J&D 6 5s W W 1940-1968—J&D 6 4Mb Grad Oros,39-'54_A&016 4Mb Fire Dep *40-'55—A&0 6 4Mb 1939-1950——M&S 6 4s Sewage 1939-1958.-M&S 6 3 Ms 1939-1949 A&O 6 3 Ms 1939-1956 A&O 6 3 Mb 1944-1953 -M&S 6 3s 1939-1963 A&O 6 2MB 1939-1951 M&S 6 2Mb 1939-1951 M&S 6 Cleveland Heights S D 6s 1939-1959— -A&O 6 to 3.40 1.50 to 2.75 1.50 to 2.70 1.00 to 3.25 % M&S 6 1.00 F&A 6 1.00 Columbus— 6s 1940-1957 to 2.75 to 2.30 % % to 3.00 to 3.10 1 to 3.00 1 to 3.00 1.50 to 2.90 1.50 to 2 70 1.50 to 2,90 2.25 1.50 to 2.80 to 3.00 4Mb 1940 1953. 3.50,% % 4Mb 1939-1955 s-a—-F&A 6 1.00 to 2.30 2Mb 1940-1959 6 1.00 to 2.30 J&D 19 6 1.75 to 2.40 to 3.00 to to 2.90 % & ref July 1 *43-*46 1.50 to 2.50 3.20!% % F&A 0.50 to 2.40 j Vg to 2.40 % 2MB 1946-47-48 A&O 2Mb 1940-1948———J&J 1.30 J&J J&J ——J&J Asheville— l-4s gen ref July 1 1976— 0.50 0.50 0.50 to 1.30 % % to 1.55.% to 1.55 1.50 A&O to 0.75 0.75'% 39 M 4 Ms 1941-1961 Dayton School Dist— 40 M East 4MB 1940-1970— M&N 4Mb 1940-19793 Ms 1940-1959 3s 1960-1977 M&N F&A to to to 2.25 % to 2.80 to % 2.901% F&A 2.60 to 2.60 % to 2.80'% ——M&N 0.90 to to 2.80t% 0.75 to 1.80,% 0.75 'to 2.551% 0.50 ;to 2.70,% M&S 6 1.00 to M&S 6 1.50 J&J 6 3.30 less 1 J&J6 3.25 to 3.30 .F&A 6 3.55 less 1 to 2.50 0.50 to 2.60 to 2.35 6 to % 1.25 % 2.50 % os W W 1940 1946 J&J 6 1.00 Fostoria 5s W W 1940—M&S Hamilton County— to % 6 0.50 to 2.05 % 98 6 1.10 to 3.00 to 2.60 1.00 to *2* 50 % 6100 M to 2.25 6101 M to 2.25 6 Par to 2 20 6100 M to 2.15 J&D 6 Par 1940-1960-M&S 6101M to 2.40 to 3.40 Phila-Oamden— 4Mb Sept 1 '67 opt '41-— 115M 117M Easton 2 Mb Water works— 1940-1966..— M&S M01M 10 230 to 2.25 4Mb 1940-1960 F&A 6 102 4Mb Jan 1 1940-1946— Fayette County— 4Mb Highway 1952-..J&D Harrisburg— 4s May 15 1940-1953 Jeanette 4Ms 1940-1956.M&S Lackawanna Oo 4s 1944. F&A Lancaster Oo 4 Ms '40-'6QF&A Lancaster 3 D 4s May 1945— Lower Merion Twp 4s 1945 McK'p't 8 D 4Mb *40-43 M&N Mercer Co 5 Ms '39 "47—F&A Norrlstown S D 4Ms 1943.J&J Philadelphia— 5s Jan 1951——. J&J 6101M '52.J&D '62.J&D J&J -.J&J 114M 114M %„ 2*65 % 2.40 % 1.25 1.60 to 1.25 to 2.80 Conservancy Dist—_J 5 M« (1 to 5 yr mat'y)—J&D'6 0, 50 5M" (5 to 10 yr mat'y * J&D 6 1 25 to 2.30 to 1.25 to 2.10 1 % % 1 — 5s June 1 1962 opt 5s June 1 1982 opt 4Mb May 1948— 4Mb Nov 1 1948 Par 6 1 60 6Basia. to 2.10 to 2.85 I 2.20 6 0*. 7 5* to 2 6 1 60 6 Par 6102 M 10 I 50 h 2 20 2.00 to 2.00 to 2.40 1 1 2 1 114 M loiM % % taxable, all bonds issued prior to that date .are tax-exempt. to 2.35 % 3.20 6 Miami are /o 1.45 6l'02M Erie S D— 1.50 to 6*1.0*0' to2*.66 1939-1940. —--J&D2 6 1.00 Mahoning Val 8a« Dist— 4Mb water 1939-1952—A&O 6 1, ,00 Martin's Fy 5s 1939-'44.M&Sl6 1, 00 bonds issued since Jan. 1,1913. 98 M 6 % 2.00 4Mb Oct 1945 A&O 5s Pa * & Imp '39-'41.A&0 &T.00* to 1*40 % Lima 5Ms Sewer 1939-1947-. 6 1.35 to 3.00 % 5s Sewer Feb! 1940-'51 F&A 6 1.75 to 3.25 % Lucas Oo 4s O H 1944—M&S 2.20 I 101 to 1.95 2.00 to 1.75 % 132 Par - Cleveland 4Mb 1943 F&A 4Mb Sewer Oct 1 1939-*47— 102 H 130 100 M Aitoona— 2*60 6*1*25" to2~40 4MB F&A 2.00 'less 1 I 1.00 to 3.45'% J&J F&A>6 1.00 to 3.50;% 0.50 0.50 to 2 25 — to 4M? g®n imp 1939-43—A&O 6 1.00 Liverpool4s 1940—J&J Elyria 4Mb 1939-1952—M&S 6*1.0*0' 2.60,% 0.50 1.25 to 2.80 — July 1 1951 Series O—J&J '37— J&D 4Mb 1940, 1944, 1949 J&J 4s Highway Apr.l 1940, 1942, 1945, 1947, 1950. 1952 3Ms Turnpike Revenue— 1947-1968 F&A Allegheny County— 4Mb 1940-1962. A&O 4Mb July 1940-1958 J&J 4s Bridge 1942 F&A 4s 1940-1958 M&S 2Mb Dec 1 1939-1965—J&D 2 M Apr 1 1940-1967.-A&O 2Mb 1940-1968 J&D 2Mb 1940-1961 F&A % Lakewood— 4Mb 1940-1966 J&J 5s Water 1940 to 1945-J&J Durham County— 4MB 1940-1951J&D Forsyth Oo 4Ms '39-58-J&D Greensboro— to 2.10 to 2 40 - East 0.50 0.75 0.75 0.75 to 2.65 1.50 4 Ms Dec 1 1951 opt % 1.80 6 Too 5Ms 1941— M&S 5s Mar 16 1940-1946.M&S10 Buncombe County— l-4s gen ref July 1 1976 Charlotte— 5 Ms 1939-1948 M&N to 2.75 Bethlehem School Dist— 6 103 to 2.00 4s 1940-45-50 % Braddock 4 Ms *40 -'41 -M&N 6 Par to 2.35 2.50 % Cambria Oo 4Mb Nov 1 '39-'45 6100M to 2.80 2.10 % Del River Jt Comm Bridge 2.00 % Easton-Phllllpsburg 4Mb, 1961 -F&A 106M 1.60 to Dayton— 5Ms W W Imp 1944—J&D 5s W W Imp 1945 F&A 4Mb Edge 1939-1951—M&S 40 M 39M % 1.50 % to 1.75 2.00 —A&O 6 1.50 4 Ms 1939-1940 to 1.20 40 0.75 0.50 5s to 2.75 4s 1939-1941- less 1 0.50 0.50 2.40 2.10 1M % Tax anttcipa'n notes— Series "E T" May 311941 4 Ms Water 4Mb 1939-1944 A&O 6*1.50" 4Ms 1939-1943 A&O 6 1.50 4Mb Road 1939-1941.-A&O 6 1.50 to 2.40 A&O A&O —A&O J&J Allentown— Cuyahoga County— less 1 0.50 37 M 1.75 M&S 4Mb Sewer 1939-59 5s 1943-1952 5s 1939 2.40 Z° Columbus S D— NORTH CAROLINA J&J J&J to 1.00 PENNSYLVANIA % % % % % % % % % % % % 3.20j% 0.60 1 I 1.625 5Ms 1940-1970 to 3.60 0.50 to 1.00 to 2.25 Cleveland— to to 0.50 4Mb Dock 1943 M&N 4Mb Oct 1939-47 A&O 4 Ms1940-1960 M&N 4s Water 1940-1955—M&N 4s Water 1940-1958 J&J 4s Water 1940-1959 F&A 6 % 2.00 % 2.10 to 1.85 4s Bridge 1945-1955. „J&D Multnomah Co 3 D No. 1— 4s July 15 *40-'45 J&J15 b 0.75 Portland— 5s Harb Dev 1939-50.M&N 0.75 to 1.90 to 3.20 1.00 1.00 0.50 0.50 4 Ms Bridge 1940-1944.J&D 4Mb 1949-1956... F&A 1 0) 1 90 M&S 0.50 2.20 % 2.25 1-5%. 1967 Eugene 5s 1942 Multnomah Oo— 2.60 to 0.65 — — Ref J&J J&J A&O . OREGON 2 Mb May 15 1940 i 3 Ms May 15 1941-1945. 4M8 H'way *40-'49 (s-a)-A&O 2.25 48 Highway 1939-1942.-A&O 4s Highway 1940-1941--A&O 3.60 % Astoria— 2.00 % 0.50 0.50 J&D to 6 2 3Ms Sept 1 1939-1962. 2Mb Sept 1 1939 to 1956— 2 Ms Sept 1 1939 to 1976.. 2s Sept 1 1939-63 M&S 1 Ms Wat. wks. '40-79 M&S Cine Southern Ry— Refund'g 1 Ms July 15 *59 % % % % % % 2. 75 1 75 5 Ms July 1946 2.00 —F&A 5 Ms Wat & Pk *40-'49-F& A b 0. 4£L t o 2 00 5s 1940-1947———F&A b 0.40 to 1, 90 to 3.25 Ms Imp Feb *46-*51—F&A 6 1 4 Ms Sewer 1955-4s 1939-1956 3.30s April 1 1940-1956 3.10s Oct 1 1939-1964 2.80s 1940-1959 M&N Ohio municipal to 1 75 0 .40 _ 6 3 6 1 F&A 58 to 2,.00 County Highway 4 Ms 1939-'46 A&O b 0.40 b 3.00 Okmulgee 5s Mar 15 1943 Oklahoma 2.60 4Mb July 1943 J&J 4Mb 1940-1963— 4Mb 1940-1965 4s Water Works 1954 ReTg 3 M« 1957-1962-- to 1 .90 J&J b 0.40 2s June 30, 1949-1954 S D 4 Ms 1940-1953 6 2 to 100M J&D J&D 6s Water 1942- to 1 .90 to 2.35 3.25 4.40s 1956 to 1.30 99 to 1 .60 Oklahoma City— 5s Water 1940-1947—-M&S b 0.40 0.70 4Mb Water Works 1941 J&J to 3.30 to 0.15 5Ms Jan 1940-1961—A&O 5s 1939-1961 —A&O 4Mb July 1 1940-1962.A&O 4Mb Mar 1 1940-1956-A&O Greenville 5> W W 6 3.30 to 5 to 1 .40 Muskogee— to 3.10 Ashland 5Ms 1939-1944.A&0 6 1 Canton— 5s Sewer 1953 M&S 6s Water 1944-1959—-A&O 6 2 Canton School Dist— 5s 1954 —A&O 5s July 11965. b 0.40 b 0.40 4Mb Aviation 1940-53.J&J b 0.50 m Allen Co 5 Ms 1940-1950.A&0 6 2 to 1.60 . b 1.60 (See footnote *) A&O J&J A&O 4MB 1939-1947. —.—.A&O 4 Ms 1939-1952 A&O 4Mb 1939-1956— A&O 4s Water Works 1942.A&O to 2.00 — Tulsa— Akron 6s 1939-1940 5 Ms 1940 1951 to 1.75 1.00 4Ms 1940-1959 (reg)—M&S 3.90s 1940-1954 F&A 1.00 2 Ms Sept 1 1943-491.00 Wolcott— 4Mb July 15 1940-1942-J&J 6 1.00 Yonkers— 6s Feb 1 1940-1952—-A&O 0.50 2Mb 1941-66 Durham— OKLAHOMA Funding 1M% to 2M% to 2.20 4M» Dec 5 1939-1942—J&D 6 1 b 0.20 b 0.20 1 1.00 to 2.00 % 1 to 2.85 Sewage Dis 1940-65.M&N 6 3.75 0.20 4s Oo Bldg 1940-59—M&S 4s June 1 1959-1964—J&D 3 Ms 1940-1951 —J&D 5s July 1961 1940-1962 is 1940-1968 4940-1968 8MB 1940-45—— to 2.40 to 2.90 Forks— 0.20 - 4s 1940-1958 3 Ms 1943-61.- tp 3.10 3.10 3.25 3.25 4s to 1.60 to 2.60 5Ms 1945 & 1948 ser O—J&J 4Mb July 1951 & 1955 J&J 4Mb Jan 1957 —J&J Fargo 4s Aug 15 1939-1954— — 1.00 to 3.10 2.30 to 3.50 J&J 4Mb San Sew '40-'82—J&J 4Mb Parkway 1962-8Q-J&D 4 Ms Co Bldg 1940-44- A&O 4MB '44. *46. '56 & *69 J&D 1Mb 1942-1943 1Mb 1943-1946 less 1 to 3.00 1.00 2.00 6 3.40 6 3.40 6 2.00 1.00 1.00 — 37 M 35M M&S'6 0.50 to 3.00 to 3.00 5s 1939-1944. 1.00 M&S Zanesville—5s City Hall & Market 1939 M&S Zanesville S D 5s '39-'43.A&0 b 1.00 101M NORTH DAKOTA Grand % 2?00 A&O 5s Farm L'n 1940-45&'50 J&J 6 2.50 J&J J&J Westchester County— 5s 1940-1976-^--JAD 2s 1948-1949.- 102 to 3.25 113 M to 3.20 % 1.00 4s Park July 1 1942—J&J to 3.40 to 2.80 to 2.60 1.00 4MB 1939-1956— A&O Youngstown— 6s Bdge 1939-41 A&O 4Mb 1939-1957—-A&O Youngstown School Dist— 4 Ms 1944-1947— M&S to 3.50 Cincinnati— FThousand Islands— 4 Ms Bridge Rev *67-M&S * Toledo School Dist— 4 Ms 1939-1959— _ to 3.20 to 3.25 3.00 40 2.90 4 Ms 1940-1953 M&S 4 Ms Nov 1 1939-1953—,— - to 3.80 2Ms June 30, 1940-1948 Water town— 3MB 1952-1980— to 3.05 due June 30 1940 to 1946 Warsaw Union Fr S D No 10— 3 Ms 1940-1963 2s 1940-1951 White Plains— 1.00 1 2.50 to 2.90 b 0.25 J&D b 0.15 Warren Oo 4 Ms 1940-'50-F&A b 0.25 5Ms highway 1940-'53_F&A b 0.25 gen less to 3.10 b 0.50 l«40s 1940-1969 2Mb 6 4.00 to 3.00 to 1.80 19*0-1953 to 2.00 to Toledo-— 6 2.70 6 2.80 4.15s 1940-1950 M&N 4.10s 1940-1946 -A&O 3.90s 1940-1948—F&A 3 Ms May 15 *40-'51-M&N Revenue 2.75s 1940-66 A&O 5s 1940-1945 1.50s 1940-1946- 1.00 to 3.40 to 3.40 4Mb 1940-1958 M&N 15 4Mb 1940-1973 .J&J 1948-56 J&J 3s refunding 1956-68 J&J to 1.50 4Ms 6 3.10 A&O 6 3.20 5s Water 1939-1953 1939-1942— to 1.50 to 3.30 4s refunding 2.75 4 Ha Pub Imp '40-*45-J&J15 b 0.20 4.20s 1940-1949 -F&A b 0.20 4Ha 1.00 6 0.75 6 0.50 to Utica— „ A&O 4M 1939-1940 _ -A&O A&O J&D J&J 6s 1939-1940 reg. .M&S „ M to 3.20 - Winston-Salem— 5s Sept 1939-1947 to 1.60 b 0.20 See "Watert own" to 2.20 48 1940-1955 1.00 1.00 Summit Co— Wilmington— 5s Ref & Impt 1955—A&O 6 2.80 4MB 1939-1962 -A&0.6 0.50 4Mb Pub Imp 1940-60.J&JI6 0.75 to 2.00 2s 1940 1956 -M&S 5s W W 1939-1944—F&A 6s Pub Wharf I960—M&S 5s Sewer 1949.. M&S 4 Ms 1939-1954—M&S15 to 4.00 2.80 1972. to 2.00 b 1.50 „ less F&A 6 1.20 F&A 6 3.09 Rutherford Co 5s '40-'52_ .J&J 100 M Salisbury 6s 1940-1941—M&N 100 Transylvania County— Refunding 1M% 1940-1942 2% 1943-47, 2M% *48-'52 3% 1953-57 and 4% 1958- to 2.20 to 1.75 4 Ms 1940-1950——J&J 1 to 3.45 Randolph County— 4Mb 1940-1947 4Ms 1948-1959 to 2.00 Net to 2.00 1.00 M&N 6 3.20 1951-1956 3s 1955-1970 to 2.25 0.25 3 Ms 1940-1951-—--F&A 2 Ha High & ref 1940-57 M&S b 0.25 2.20s June 1 1940 1962 J&D b 0.25 Sullivan Co 4Mb '40-45-A&O b 0.25 less 1.50 Springfield— 4Ms 1940-1949 to97M 6 2.60 M&N'6 1946-1950 4s Ask 5s Flood Emerg *40-*42 J&D Newark 4Mb 1940-1941—A&O Portsmouth City S D— 101 6 1.20 Impt June 1 1944—J&D 6 2.60 4MB 1939-1967. A&0.6 1.00 3Ms 0.20 *42-F&A;63.40 A&O 6 2.50 to 3.30 5s % Bid Bonds Montgomery County— .M&N b 0.50 4Mb 1939-1957 b 0.20 To or Net Guilford County— b 0.25 Ask / Flat price. 116 116 109M 110M AUG., 1939] -,, AND MUNICIPAL STATE Quotations for all securities are as near as To or Bid 105M 106M 103 M 103 M 107 J&J J&J 109M 102M 101M 4s July 26 1972 J&J 3 lis July 1 1986 opt 1956— Philadelphia School Dist— 4 Ms 1910-1943 J&J 4MB L941-1959 M&N 4Mb Apr 15 .940-58.A&015 4s 1910-1942 J&J 4s 1939-1956 J&D Operating Revenue— 1 Ms Apr & Oct 1939-1941 6 1.00 106M 107 M T53m 103M 2.30 to 6 2.10 to 3.25 b 2.00 b 1.00 to 3.25 to 2.00 % % b 1.00 to 3.25 % b Par to 2.00 % J&J}5 5Ms Jan 15 1943 — ----J&J15 4 Ms Rural Credit 1942—J&J 4Ms Rural Credit— Due May 1 1943-'50—M&N Ref 4s Aug 1 '43-'49—-F&A 3 Ms 1^43 to 1946 F&A 3s Feb 1 1947------ F&A Corson Co 5s fd 1940- 47 M&N 6 0.75 6 1.25 less 6 0.75 less M M 6 2.25 6 1.75 less 1 less M 6 2.25 to 2.75 103 M 87 El 0.50 to 0.75 to J&D 5Ms Dec 1 1940 5s 1910-1959 J&D 4Mb 1940-1971 F&A 4MB 1940-1964 F&A 4s Refunding 1941 J&J Ind Sch D 4s ^lO-^.-F&A 3 Ms Nov 1 1939-1967-M&N Galveston— 5s Grade Raising 1944_A&0 5s School 1940-1954--M&S 5s 1910-1956 A&O 1.85 2.30 J&D 1953 M TENNESSEE School District— 3s 1944-1964 F&A b 2.00 2MB 1910-1963 J&D Reading 5s Impt 1943-49-J&J Schuylkill Oounty— 4Mb 1910-1955 J&J Scranton 4Kb 1939-1941 -F&A 5s 1939-1950 F&A to b 1.85 to 2.30 b Par to J&J b Par b 1.80 3% opt rev 1940-48.-M&N Wllkes-Barre— 4MB 2.15 % % % 1.90:% 3.001 % 4Mb Impt 1940-1945—J&J b 1.65 York 4Mb 1940-1943 F&A b 1.00 J&D 2Ms 1947-1948 3 Mb Sept 1 1944 3Ms Sept 1 1945 3 Ms 1948 3.90s Sept 1 1955-1958 b 1.90 b 2.00 M&S b 1.00 b 0.50 1M% June 1 1910-1943.-J&D 3% Public Wks 1951-56-M&S b 1.75 M&S b 2.25 4s June 1 1977— J&D b 2.30 2.15 2.20 Cranston— -.-.J&J 6 4Mb Mar 15 '40-73.M&S15 b 5s 1940-1942 A&O b Newport— b 5Mb June 1 1910-1953 4Mb May 1940-1942..M&N b 4s May 15 1948 M&N b 3 Ms g High sch 1954.J&D b 4s 1940-1966 1.00 to 2.93 0.75 to 3.10 1.00 to 1.25 0.60 2.40 to 1.25 2.10 4Mb 2.35 2.20 b 3.15 2.85 J&D b 3.25 3.00 1.50 b 2.10 2.00 1.50 90 96 92 98 3.15 t J&D b 0.50 J&J b 2.00 -A&O b 2.50 to 2.75 M&N2 b 2.60 1.75 2.25 2.30 J&D b 2.75 2.60 4Ms Sewer 1952 4Mb School 1954 M&N 4s Jan 1 1945 4s Oct 1 1954 4s May 2 1957 4s Water 1962 A&O b 2.75 —.J&D b 0.50 to 5s 1940-1970 San Antonio— to F&A 6 0.75 % % 1 to 3.85 6 0.75 to 6 0.75 to 3.25 -J&J 6*0.50 F&A 6 0.50 J&J 6 0.75 to 3.25 M&S 1939-1959 4Mb 1940-1967 4Mb 1939-1968— 3b July l 1910-1951 1.70 77 80 3 .25 1.25 to 3.25 to 2 70 Waco— 4.60 2.00 5s Water Works to 4.25 to 3.60 1.50 1942--J&J 4Mb Water 1939-1968--J&J 6 Too to 3.40 Wichita Falls— 95 4% to4M% due 1969 3.80 19 and 2.60 6 1.00 97 3.60 2.80 to 3.00 93 UTAH 96 92 j 104 101 103 102 104 - to 2.10 J&J b 1.00 to 2.75 J&D b 2.00 1.75 M&N 4MB 1910-1967 J&D 4Ms Funding 1944 M&N 4MB 1910-1967 J&D 4Ms June 1910 1957—_ J&D 6s Funded 1940-1959._A&(> 48 Funding 1947—...A&O b 1.50 to 3.50 b 1.00 6 2.60 to 3.20 b 1.00 6 1.00 to 3.50 % to 3.35 4Mb Water 1949 4Mb Park 1959 4Mb 1910-1955 b 1.00 to 4s 1939-1954 School Loan— 3s 1946-1965 Woonsocket— 4M4 funding 1941 6s Fund 1940-1961 Memphis 5s July 1954 % 2.40 % b 3.00 % 3.35 % 2.75 % I04O-1955— Refunding b 1.25 % 2.80 % to 2.80 to State Highway Certificates of Indebtedness— 1939-1953.. 3 Ms 1940-1949 4Ms -J&D J&D 1.00 1.00 to 2.60 2.60 J&J 1.00 to 2Ms 1945-1954. A&O 1MB 1941-1950.. F&A Aiken Co 4 Ms 1940-1945.F&A Anderson Co— 2.30 0.75 to 2.60 b 1.25 104 Charleston 4Mb Jan 1942. J&J 8 Ms Wat Worts 40-78A&O b 1.25 99 52 opt *32. .July 1 Clarendon Jo— 6s May 15 1940 M&N15 Columbia 5s Ref 1941 M&S 4 Ms Water 1945 J&J Greenville 5i 8t 1942 J&J 8 Ms water ref 1940-76 M&N Greenville County— 4Ms 1940-1955 J&J 4Mb HDhw 1910-1915.F&A 1.50 % 2.00 1.75 % 1.75 to 3.00 3 Ms 6 1.00 6 2.50 to 3.00 % 2.80,% 1939-1948 J&D 6 0.20 4Mb Oct 1 1939-1949—A&O 6 0.25 % to 2.75 2.50 2.50 to 2.40 to 2.30 0.15 to 1.10 1.25 to 2.20 1942-1949 1950-1969.. J&D J&D 0.75 to 1.90 1.90 to to 2.50 to '39-60-M&S o 0.50 J&J 6 1.00 Hospital '40-'56—J&J 6 0.50 1939-1968 M&N 6 0.50 1910-1967 J&J 6 0.50 1940-1948 M&S 6 0.50 % I 1 4s 2.20 0.75 to 2.35 1 Fdg 6 0.50 1940-1958—J&J 6 1.00 to 2.50 to 2.10 6 1.00 Spartanburg County— £ 4MB 1910-1917— Sumter County— 5s 1910-1952 York County— 4Mb 1940-1950 M&S b 1.25 b 1.25 J&J 1940100 M 101M 6 1.00 to 3.60 %"" 1940-1972 6 2.75 less M 5% Water May 1952 5% Port Terminal May *52. 2.70 Petersburg 4Mb 1952—A&O 6 "3.15" less I 3.60 % Portsmouth— J&J 6 2.50 to % 0 75 % 3.00 % to 2.50 % J&J 6 1.00 J&D 6 3.00 to 3.40 to % 3.40 % 100 6 3 .25 101 to 3 40 % to 3.60 % to 3.75 J&J 6 2.20 105 J&J J&J 6 2.20 J&J 6 0.50 2 M« Water 1940-1968.A&O 6 0.25 1940-1958—J&J 6 0.25 6 0.50 4Mb 1939-1956— Staunton 5a 1939-1958—M&S 6 0.60 Tazewell Co 5a 1940-40 J&J 6 0.75 2Mb Jan 1 to M 3.20 % less M less less 1 1 fess 1 to 1.70 to 2.30 to 2.25 to 2.45 to 3.00 to 2.75 ' Washington County— 5s school 1940-1949—— .J&J 6 0.75 % 102 $ Optional to Jan. 1, 1943 at 104;1948 at 103; 1953 at 102 and J&J 6 2.15 less Roanoke— 2.80 % 3.10 A&O 6 3.10 5 Ms Impt Apr 10 1956-1965 Corpus Christ! 5s fd '67-F&A f Flat price. 6 3.25 F&A 1948 Richmond— 4Mb 1958 4Mb July 1 1964 4Mb July 1 1941 4Mb July 1 1965 2MB 1910-1953 98 to 350 to 4s 1953-1977 Brazoria Co— % M 4Mb 3.50 % to 1 00 to 2.40 less % M Norfolk— 3s Jan 1 J&J 6 0.50 J&J 6 0.50 1.25 1.00 less % J&J 6 0 50 J&J J&D ...A&O to 2.50 to 3.65 5s 1910-1942 4Ms 1910-1970.. 4s 1942 opt 1922 3 Ms 1940-1952 M M 4s Pub Impt 1940-1959.J&J 6 0.50 to 2.30 % Newport News— 4Mb 1940-1958 F&A 6 1.00 to-2.75 % 4Mb 1940-1961 4 Ms 1910-1953 4MB 1954-1958 % less % Austin— to 2.80 J&D 6 2.60 5MS 1951-.. Beaumont— 5« Water Works 1954.M&S 5s 1940 1965 A&O % 4.25 % to 3.50 5s Water 1.00 % to 2.80 1940-1950—J&J 6 0.50 4Ms 1910-1954 Abilene 5s Feb 15 1959-1965— 96 Amarillo 4Mb'40-'58_M&S 15 6 1.00 J&J 5s 4Mb June 1 1957 Lynchburg— 2.35 % 2.15 % to 2.20 % % to 2.80 less M&S 6 1.50 J&J 6 2.75 4Mb July 1 1940-1950—J&J 6 0.50 Fairfax Co 4Mb 1945— F&A2 6 2.40 Henrico County— TEXAS 2.80 % to „ 2,80- % 3.20'% % ho 2.90 % 5s 1962 opt 1942 5s Water Impt 1958 Danville— I to 2.50 5M% Highway 1955-M&S 6 3.85 to to to 3.10 5Ms School 1940-1953—J&J 6 2.00 Charlottesville— County— 5 Mb to 1.00 Bristol— School 6 2.50 6 2.30 2.15 to 2.05 Alexandria— 2.50 % % 4Ms 1940-1941 M&S b 1.00 partanburg— 4Mb Water 1940-1965.J&J b 1.25 b 3.00 5s Sept 1 1939 5s Nov 1 1943 % 3s 1910-1973—J 15 & D 15 6 0.50 Arlington County— 5 Ms 1910-1954 F&A 6 0.50 % 6 2.75 to 2.75 % to 2.00 % to 1.35 1 VIRGINIA % 6 4.75 4Mb Road July 2 '40-'58J&J 6 1.50 Washington County— 5% Fdg Jan 1 1954 J&J 6 3.70 White Oounty b 1.00 to 2.25 (Commonwealth) 1962 2Mb Refunding 1947-'60—J&J 6 1.20 1Mb Refunding 1940-'46—J&J 6 0.25 Albemarle Co 5s 1948 J&J 1949-1958.J&D Marlon Co— 6 0.25 (School Debt)— 1940-1948 F&A 6 0.25 % % Tipton County to 1.65 % Rutland % % % 4.40 % to 3.00 b 1.00 Kershaw Co— 5s Highway 1940-1946.F&A to Refunding 1942-1951 J&J Burlington— 4Mb City HaU 1940-55-J&D 3.20 % to 1.50 to to 2.75 6 1.75 4s 2.30 % A&O 6 0.50 1.00 J&D b 2.50 1.30 1.35 to 4s 1.00 3.40'% to Brattleboro— 2.30 % to 2.00 Montgomery Co—5s Cumber land River Bdge 1953-F&A 6 3.25 Smith to VERMONT % 3.00 % J&D J&D Robertson Oounty— 4 Ms Road 1948F&A Shelby County— 4s Courthouse 1957 A&O 5a Aud Mkt H'se 1949-M&S 4M% Jail 1940-1951 M&S — 1.00 6 3.15 J&D Polk Cm 5s 1910-1948 101 2.10 Greater Greenville Sewer Dist b 3.75 4Mb 1967 M&N b 1.00 1939-1948 107 2.25 2.10s 4Mb 4Mb 4Mb 4Mb to 2.80 Cheraw 5s 3.25 % 4 Ms High Sch 1940 to 2.50 4M« Highway 1940-43.F&A to 3.00 5s Memorial Sq 2.60 to 1.85 1.25 6 1.00 5s March 1940-1960--.M&S 6 0.50 to 3s 1940-1952. 3.20 Plant— Nashville— 6s 1940-1942 to 2.90 110 Gas Plant 3 Ms J&J b 1.00 195 108 6 3.40 6 3.40 J&J 6 2.65 A&O 6 2.65 J&D 6 0.25 M&3 6 0.25 3 Ms 1910-1944 2.10s 1945-1954 4s Institu'l 1910-1959 J&J 103 5s River Term *40-'48-A&0 6 0.50 4Mb Water 1910-1962—J&J 6 0.50 Electric SOUTH CAROLINA — 104 Refunding 6s Jan 1 1958— Obligation 4Mb 4 M« 5s Funding 5 Ms Sept 1950 Water 4 Ms 4s Funding 1952-1962. A&O Electric System Revenue— 3 Ms 1941-1954 J&J 3 Ms 1955-1958 J&J Madison Oounty— 4M% Highway '40-'49 J&D 2.60 0.50 5Mb April 1 1941 —J&J b 0.70 1 Ms refunding 1940-1955 60.25% to!99 M Ogden 4M% 1939-1945—F&A 6 0.50 to 1.75 Salt Lake City— 0.50 58 Refunding 1941 0.70 J&J 4s Ref 1940-1945 0.40 to 1.35 A&O 4s Ref 1946-1965 A&O 1.50 to 2.30 Salt Lake City S D— 4s May 1 1949 1.80 1 90 M&N 2.15 2.00 5%-2M% Refund *58-M&N Salt Lake Co 4Mb Apr 1 1942 1.00 0.75 3.00 % 104 0.50 F&A 6 3.25 103 M 104 o 6 Basis. 0.50 5Ms W W 1940-1965.M&N to 2.10 103 to 2.25 sewer 1.90 0.50 Refunding 5s Jan 1 1958— Refunding 4Mb Jan 1 1958 b 0.50 sewer 6 5s St Impt Dist No 2 1943— General 2.30 1944-1951 2MB 1940-1957... 2s May I 1940-1958 2Mb 1.50 2"60 5s Sept 3.60 General Obligation General Obligation $ t 2.30 J&D b 1.20 1964 4s 1910-1950 3s M&N f Refunding 4Mb Jan 1 1958. 4Ms 1939-1959 3Ms J&D % % Port Arthur— 3.70 Knoxville— b 3.40 1939-1946 County— 4M8 Bridge May 1 *61 Providence— WPA 1.25 Knox J&J 4MB 1950 3s 3" 2 5 to 3.25 pages 1940-1948—J&J Ref Johnson City 5 Ms Impt Pawtucket— 4s Oct 1 to 6 0.75 4 Ms Sept 1939-1952—M&N 6 0.50 to 2.50 4Mb 1910-1957 J&J 6 0.50 to 2.60 4Mb Impt 1940-55(s-a)_J&J 6 1.25 to 2.65 6 1.00 to 2.25 4Mb 1942-1947 2.00 Houston S D 5s Feb 1952 4Ms 1939-1951 J&D 6~0.75~ to 2.50 Palestine 5s Sch Aug 1 1939, 6 1.75 to 3.75 1944, '49. '54. *59, *64 0.25 b 1.60 b 1.60 10 ^O-^B.A&OIO T ftflfso n to 2.25 0.60 2.30 to 6*0.7" % to 2.80 County— Highway 1947—J&J 6 5% Co Memorial' 40-50J&J 6 Dyer Co ref 3 M-4M« 1965 Fayette County— | 4Mb Road 1958— J&J|6 Gibson County—. 6 4Mb. 1949-1958 Hamilton County 4M% Refunding 1957-A&O 6 6 5% Bridge 1 to 2.00 48 Oharit Inst 1965 6 1.00 2.75 3.20 % 3.40 3.25 % to 2.60 _ 4 Ms to to 2.40 b 0.70 3.70 1.10 to 6 0.75 to 3.75 4Ms Apr Houston— 6 3.90 to 1.10 6~0.75~ Harris Co— —M&S to 3.00 % 3.10 3.25 % 5Ms Road 1940-54.A&O 10 6 1.25 1.40 1.50 Davidson 1% Relief 1942-1943 to to b 2.50 b 0.50 1954 6 1.00 % % to 2.65 2.00 b 3.90 b 3.80 Hospital 2.40 % i 6 0.75 b 1.70 b 2.10 4Mb 1940-1967 to 4Mb Dec 1 1939 4Mb bridge 1944-1945 to 3.10 % 6s July 1 1943 Par 6s April 15 1946-1947 Carter County— 1.15 5s funding Jan 1 1959--J&J to 2.60 5 Mb road— to 1.70 Chattanooga— 4Mb School 1956 .A&O 4Mb Memorial Aud '52M&N 6s to to 2.70 "0.75* b 1.60 --- J&D 4s 1940-1955 ISLAND RHODE — _ J&J 1940 % to 2.90 b Par Scranton School District— 4Ms 1940-1956—. to 3.00 b 0.75 3s Sept 1 1946 2.80 2.75 Grimes County— 95 less Public Works Relief— 4M% 2.25 to A&O 1.75 90 6 1.00 to to 2 .25 Fort Worth— 92 100 75 70 to 2.75 I'aso— I960---A&O 1948 F&A 4Ms 1940-1960 i.-A&O 104M 98 to 2.60 5s W W purch 5s Impt Aug 1 to 2.40 to 2.25 % % 2.10 % 2.20 % Net 0.50 0 50 1940-1951 —-J&J School _ 4Mb fund 1940-47-M&N15 Perkins Co refunding 3-4s Stanley Co refunding 4Mb to 2.30 0.50 4 Ms 1910-1950 J&D 2Ha Sch Dist 1939-62.A&O 2 Ms July 1 1910-1956-J&J 2 Ms Feb 1 1940-1958.F&A Ask 0.75 1.80 2MB 1940-1957 J&J 2Mb voted 1939-1958--F&A Dallas Co 4Mb Apr 10 1951.. to 2.90 6 2.25 6 2.25 4b 0.75 0.75 M&N M&N M&N 5s 1940-1960 4Mb 1940-1970 4M 1940-1945 'less M Sioux Falls S D— 1.00 To or Bid Bonds Net 5s 1951 Co— Jackson Ask Dallas— *39-'40--A&0 6s Sept 1941 5s Jan 16 1940 105M 110M To or DAKOTA 5s Rural Credit Pittsburgh— . „ Bid Bonds Net SOUTH Philadelphia (Concluded)— 4 Ms 1976 opt 1946— 4Ms Dec 171978 J&J 4s July 1942. J&J 4s Jan 1 1946 J&J 4s Feb 16 1955. 4s Nov 1 1966 Ask Yield Basis Yield Basis Yield Basis i--' Bonds 99 BONDS possible for the closing day of the month preceding the date of issue 1958 at 100. to 2.50 100 STATE AND MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis To or Ask Bid Bonds 6s Gen Fund J&J b 0.50 1940 to 1.00 b 0.50 to 1.00 b 2.20 b 2.20 to 2.60 b 2.25 to 2.40 4M% Gen oblig 1940-1943J.&J 4% Gen ohlig 1948-50 8M% Gen oblig 1950-51 3 M% Gen oblig 1951-52 Toll Bridge Authority— Revenue 4s 1968 J&D Clark Co 5Ms '52 opt '33 A&O Refunding 6s 1953—M&N 4 Ms to 2.50 97 M 98M 3.50" 3~25 % to 3.40 % 3.40 5 Everett— 4 Ms Gen oblig wat-1939-59 5 1.75 Revenue Bonds— 5s Water ref 1939-45 5 1.00 to 2.75 to2".20 to A&O 5 Ms L & P 1940-1943 .M&N 5s Light & Pow 1942-56A&O 1.00 1.00 3.00 4M Lt & Pr 1939-'58—M&N 1.50 Emergency Funding opt *44 4Ms 1941-1959 M&S 6 2.00 General obligations— 4 Ms 1941-1955 2.00 A&O 0.75 4Mb 1940-1957 A&O % 6Basis. 3.20 to 3.15 to 2.00 b 0.75 to to 2.00 to 4.20 3 Ms 1951 and 1952 4.20 to to 3.10 to 3.15 to 3.15 to 1.50 4.30 to 4.20 3.80 to 4.15 1.90 to 2.50 b 2.25 "¥.10 %" % Eau Claire 4 Ms 1940-1944-J&J b 0.30 Green Bay— to 1.40 % A&O b 0.50 6s W W 1939-1960—M&N b 1.00 to 1.60 to 2.80 to WISCONSIN 2.60 4Mb 1940-1947 2.00 to 3.00 % to 1.60 b 0.50 J&J b 1.50 00 to 1.10 b O.oO J&J b 0.50 o 1.75 to 1.95 to 2.00 J&J 6s -J&J b 1.10 b 0.40 to b 1.50 to 2.10 b 0.35 b 1.25 to 3.00 % Madison— to 1.80 .J&J b 0.25 1940-1944 J&D b 0.25 ..J&J b 0.50 J&J b 0.25 to 1.25 Milwaukee County— 4mb Ct H'se '39-'50 M&N 15 4Mb Sew Mar 12 1940-1945. 4Mscourth'se '39-49 J&D16 Racine—IMs 1939-'57—M&N to 2 J&J 3Ms 1943-1952—— J&J 3s Sept 1. 1939-1946 M&S 2Ms Sept 1, 1946-1960 M&S 2 Ms Nov 11939-1962—M&N % %" 4s 4s 1940-1950 4s July 1948-1952 to 2.75 100M to 2.80 to 2.65 6 2.60 to 2.75 ' to 2.50 6 1.50 b 0.50 to 2.40 1939-1949 Milwaukee—5s 1940 4 Ms 1940-1945 J&J Net to 2.25 b 2.00 J&J b 0.50 Mercer Co 5s '44 op *24 A&O 15 100 M Morgantown 5s 1940-1948- J&J b 0.50 Wheeling— 5s Wat Wks 1940-1952.J&J b 0.25 2.00 6 1.50 1940-1952- 4 Ms to 3.00 0.25 to 1.30 % to 1.85 b 0.25 b 1.00 to 1.80 F&A b 1.00 1939-1941 b 0.25 b 0.50 to 2.50 to 1.30 | to 3.25 to 2.10 2.10 Racine Co 5s 1940 J&J L25 4Ms 1940-1950 —J&J 5~1.00" to 3~. 00 Superior 4Ms Sch '40-'44.J&J b 1.00 to 3.50 °/o to 1.60 to 2.00 2 Ms May 1 1944-1962 2s Road 1940-1963 -J&D b 0.50 to WYOMING Par 100M J&D 4s Road 1951 opt 1941—_A&0 b 0.75 Natrona Co S D No 2— 5s 1940-1944. —J&J b 0.50 to 2 80 Charleston— 2 Ms 2Ms J&D b 0.75 J&D b 2'.30 1940-1958— 1958-1972 to 2.40 % 98 to to 0.40 % to 1.50 % 4.10 are as near as possible for the closing day of the month preceding the date of issue. Surplus 31, Unearned Premium 1938 Reserve Dec. Capital Surpltis Dec. Bid. Per $ Ask. Aetna Insur (Hartf) Aetna Life (Hartford) - - Agricultural (Watet'n) Allemannia Fire (Pgh) Amer Alliance (N Y)_ Amer Oas (Read'g.Pa) Amer Equitable (N Y) 3,000,000 15,420,899 10 7,500,000 15,600,499 10 15,000,000 20,386,975 25 3,000,000 5,150,548 10 1,200,000 2,385,004 10 3,000,000 3,466,435 16,777,037 20,016,996 5,357,42o 5,561,485 1,492,496 1,923,319 5 500,000 1,000,000 550,000 1,425,908 5 Amer Fire (Wash'ton) 100 Ame> Home Fire(N Y) 10 Amer Insur (Newark) 2m Amer Reinsur (N Y)_ 10 Amer Reserve (N Y)_ 10 Amer States (Ind'nap) Amer Surety (N Y)__ 10 25 Automobile Ins (Hartf) 10 Baltimore Amer (Bit) 2m Bankers & Shipp (NY) 25 Boston (Boston) 100 Buffalo Ins Co (Buff) 100 Camden Fire (Camden) 5 200,000 3,396,613 375,943 1,000,000 1,272,601 3,343,740 10,857,420 2,000,000 4,547,339 1,000,000 1,317,678 300,000 353,581 7.500,000 5,200,522 5,000,000 7,875,522 1,500,000 1,973,048 1,000,000 2,159,517 3,000,000 10,934,125 1,000,000 2,332,123 2,000,000 4,112,115 109m 113m 47 m 49 m 33 m 31m 78 m 82 20 23 m 22 M 24 8M 9m 21 22 M 4,681,385 75,899 £115 7m 881,417 13 m 15 12,083,301 45 m 1,194,528 26 M 2,564,981 28 30 918,486 53 m 51m 5,866,118 35m 37m 9,101,043 6M 2,398,081 ly* 92 m 96 3,246,998 629 639 4,589,103 400 425 2,411,373 23 m 21M 5,246,165 ilH (Wilmington 500,000 950,596 722,209 29 30m Central States Life (St Louis) City of NewYork(NY) City Title Insurance Colonial Life (Jersey . 5 10 400,000 1,500,000 5 150,000 503,712 tl6.135,536 1,478,210 2.073,653 220,065 2 23 m 6m 10 Continental Assurance 10 Casualty 5 (Hammond, Ind) Continental Ins (N Y) 2M Eagle Fire (Newark). 2M 10 Employers Re-ins (KO) Excess Ins (N Y) 5 Federal Ins (Jer City 10 20 Fidelity & Dep (Bait Fldelity-Phenix (NY 2m Fidel & Guar (Bait) 10 Fire Assoc of Phila 10 Fireman's (Wash'ton) Firemans Fund (S F)_ Fir em ens Ins (Newark) Franklin Fire (Phila) General Reinsurance. 20 Georgia Home 10 10 900,000 690,326 J18,279,790 2,000,000 3,000,000 950,969 140,626,515 7,027,579 1205394054 637,530 1,000,000 1.381.316 120,156,811 2,507,100 125,045,367 25 5 . 1.476,491 11,829,959 5 2,000,000 12,500,000 3,028,627 8,522,631 5,218,589 4.120.384 York) \pref 100 10 (Denver). 400,000 830,272 shars 1,125,062 1,000,000 1,207,177 1.605,556 1,000,000 593,194 750,000 1,000,000 5,000,000 21,206,488 4,000,000 8,066,984 200,000 231,858 1,100,000 5,590,574 1,393,574 929,761 14,795,011 6,452,915 96,715 5 5 150 345 9m 2M 365 11M 2M 10 (Phila) 1 Maryland Casualty Bonding & Ins 12M (Boston) 34 m 3m 36 4M Mass Merch Fire Assur (New /com Merch Fire Merchants & Mfrs New York Merchants 59 * 43 of (Providence) National Cas (Detroit) National Fire (Hartf) Nat'l Liberty (N Y) . Nat'l Union (Wash) Nat Union Fire (Pitts) New Amsterdam Cas — New 57 7m 8M Insurance 5 10 10 2 5 20 7,096,478 3 30 61M 7m 15m 133 63 M ilg 139 1,000,000 Brunswick 4,000,000 6.119.385 14 m 15M 10 1,000,000 1,929,254 1,526,968 33 m 34 M 10 4,548,721 2,322,932 46 48 2,236,556 5 Fire 3,000,000 8,322,928 5 1.000,000 2,433.796 N'eastern (Hartford) 5 North River ins tN Y) 2M Northern Ins Co(NY) 12 M Northwest Fire & Mar 1,500,000 New York Fire 168 70 73 29m 31m 29 m 30m (Minneapolis) 1,922,983 2,0 0,000 13,802,274 1,000,000 5,315,714 10 1,000,000 25 (Milwaukee) 9,112,384 19,726,149 37m 39 Occidental Ins (S F)__ 33 m 34 Pacific 2,000,000 10 1,000,000 1,000,000 1,000,000 1,000,000 400,000 971,660 3,043,075 381,277 2,372,349 6,420,674 15,466,927 3,609,991 8,654,847 36m 36 259,259 12,691,358 13,456,785 6,503,077 2,248,841 916,633 Ay £48 8m _ 2M 50 9m 45 m 43 m 130 127 36 m 36m 31 Qy* 68 66 10 25 Pan-Amer Life (N O). 10 Peerless Casualty.... Phila Life (Phila) 10 Phila Nat Ins (Phila). Phoenix Ins (Hartf). 5,831,894 4,794,244 16 25 m 17M 6 26M 99m 104 587,679 23 5,355,079 5,493,222 823.786 2,481,657 728,959 £18,299,023 3,364,167 2,970,904 1,006,536 £33,088,084 231,918 1,050.988 213,507 £12,301,598 516,344 1,231,495 8,582,885 38,807,872 125 1,011,481 96m 10m 31m ton _ 3,239,138 2,698,700 1,628,929 39 41 11 12 M 22 m 1,000,000 4,201,288 8,150,000 24,838,632 2,000,000 1,694,093 4,000,000 5,704,764 12,000,000 .52,819,019 4,195,948 13,287,978 1,020,427 4,968,102 32,935,971 9m 27 m 28m 23 24 m 88* 79 27m 3,000,000 7.517,340 5 15,000,000 50,466,464 10 1,000,000 3,161,557 8,357,631 43,558,406 2,264,228 57 m 59 31m 33 44 m 1 Great Amer Ins (N Y) 5 Halifax (Halifax, NS). Hanover Fire (N Y)_ 10 Hartford 10 10 Hartford Steam Boiler t917,070 10 10 4,932,000 117,073 10 1,000,000 653,589 1,060,041 10 12,000,000 51,365,411 21,176,385 Insur Co of Nor Amer Jefferson Stand Life- 100 20 2,000,000 1,000,000 43 1M 2,500,000 £67,517,733 1,191,986 1,943.445 69 m 12 82 2M 19 20 M 69 m 28 M 41m 2 10 10 2,190,597 1,681,180 .6,885,695 15 10 Reliance Ins (Phila).. 28 20 m 66 M 15m 77m 2,916,924 1,856,649 17m 3,000,000 1,530,000 1,000,000 2,000,000 1,000,000 1,000,000 5.989.911 4,528,774 302,479 35 10 5 4,925,656 1,871,071 3.093.912 1,356,309 596,816 884,075 2,518,622 1,202,436 1,703,257 7m 20 M 25 26 3 American (Rochester) 10 St Paul F & M (St P). Seaboard F & M 25 Seaboard 10 (NY) Surety (NY) Security Ins (N Hav). Springt ield Fire & Mar (Springfield, Mass) 10 10 1,866,405 1,000,000 4,000,000 23,912,397 814,309 1,000,000 1,000,000 1,000,000 2,000,000 3,839,180 831,574 9,594,343 669,168 855,000 4,012,609 12,033,372 5,000,000 13,740,691 2,122,829 1,000,000 2,057,265 19,089 832,348 500.000 Sun Life Ass'nceJCas) 100 2,000.000 18,118,208 £64.064,391 Travelers Fire (Hartf) 100 20,000,000 33,356,461 £836992853 U S Casualty conv pref 2,446,031 2 1,000,000 2,117,312 U 8 Fidelity & Guar¬ 14,937,079 2 anty (Baltimore) 2,000,000 9,093,368 U S Fire (New York). 9,831,793 4 2,000,000 18,973,428 U S Guarantee Co... 2,889,430 10 2,000,000 5,336,231 Unlver Ins (N J) 457,694 8 1,200,615 400,000 West Coast Life (S F) 225,000 £22,982,425 5 375,000 Westchester Fire (NY) 2m 5,492,963 1,000,000 9,174,888 Stand Fire HH 1,000,000 - .26 15 10 700,000 1,000,000 6,000,000 Washing¬ (Providence) 1,299,562 1,000,000 1,200,000 10 (New York) Providence- Rochester 9m 29m 43 m 5 24m At* Accident Preferred RelnsuranceOorp(NY) 27m 94 (Milw). (N Y)_._ Fire 26 1,000,000 No Par Value, 2,081,964 4,878,874 Y) 46 5 5 (Philadelphia) Ask. Oas'ty 24 5 5 Jersey Ins Co of N Y_ 1,000,000 2,544,798 Knickerbocker '(N Lincoln Fire (N Y) Manufacturers Republic (Dallas) Revere (Paul) Fire Rhode Island (Prov). (Glens Falls, NY). (Hartf) Bid. Per 6,021,440 £99,042,056 1,325,001 2,049,258 110,418 185,191 Old Line Life 1,750,000 6,204,962 5,000,000 62,314,404 815,000 367,853 1,500,000 2,500,000 755,095 755,083 4,000,000 12,118,773 2,400,000 7,317,529 3,750,000 48,637,375 1,000,000 1,841,655 2,000,000 9.488.317 300,000 373,575 7,500,000 15,836,187 9,397,690 8,479,380 3,000,000 9,042,147 1,000,000 6,000,000 500,000 873,549 1,000,000 1,177,049 Globe & Republic Globe & Rutgers Fire. 2d preferred Gr Amer Indemnity Fire Reserve $ 1,000,000 1,000,000 100,000 Hampshire Fire (Manchester, N H) 7m Continental (Hartford) Home (New York)... Home F & M (S F)__. Home Fre Security— Homestead Fire (Bait) Unearned Premium N orth westernNational (Wilmington, Del). (New York) 31. 1938 New 3 25 Continental Amer Life Gibraltar Fire & Mar Glens Falls Insurance 100 City, Mo) _ Columbian Nat'l Life 100 (Boston)—. Conn Gen Life (Hartf) 10 _ sas (New Brnns. N J)_. 100 City) $ (Baltimore) 10 N.O.) Capital Kansas City Life (Kan¬ 10 (Hartford) Par share Aetna Casualty & Sur * to b 0,50 5 Ms G O sewer 1939-M&N 5s Wat rev 1940-1951-J&D 6 1.25 5s Highway 1940-1946 4Ms 1945-1954 4 Ms 1940-1943 Ask /Flatprice. Par also called 3.00 b 1.00 WEST VIRGINIA Quotations Carolina to 2.90 3.00 to Bid Clarksburg 5sl939-1953-A&0 Hancock County—5s Grant Road Dist '46 opt '32.M&N Huntington 5s 1944 Oct to 2.80 4 Ms ref wat 1940-1954-J&J 6 1.00 Yakima— lMs Road 1950-1951 4.10 b 0,50 5s 2.70 to 2.80 to 2.50 Munic Lt & Power Rev— 4Ms 1949-1968—A&O 4s 1939-1953 M&N 3Ms 1943-1953 A&O 3 Ms 1940-1954 A&O Seattle School Dist No 1— 4s 1946-1950..M&N 6 Bonds Charleston S D— 2.90 b 0.50 b 2.00 3.00 to h0 Seattle— 6s 1940-1941 L & P 1940-1954 M&S 5Ms 1940-1953 J&J 5s Imp Mar 1 1940-1942—Spokane Water Revenue— 4Ms-4Ms 1939-1941 A&O Tacoma—Revenues— 4Mb Water '40-'43 (s-a)J&J 4Mb EIL&P *42-'46(s-a)J&J 4 MsEIL&P'39-51 (s-a A&O 4s Water 1944-1946 J&J To or Net Walla. Walla 3 Ms Water ref 1939 2Ms Water ref—1940-42 5 "1.50 King County— 4 Ms Bridge 1939-49-M&N 5 1.00 4Mb 1939-1950 M&N 5 1.00 Pie ce County— 0.50 4Ms 1939-1944— Port of Seattle 5s '30-55 M&S 0.50/ 4Mb Jan 1940-1955 J&J 1.00 Ask Bid Spokane— 4Ms Park 1962 _J&J 4s & 4 Ms ref 1940-51— J&J 3Ms Ref 1943-1954—J&J WASHINGTON Yield Basis To or Bonds Net (Trenton) . Stuyvesant Fire (N Y) 25 12M 5 26 230 7 33 m 33 123 63 3 370 459 8m 22 M 52 63 14m 4m 30 44 m W- Wisconsin Nat Life 10 400,000 549.305 £7,390,380 8* t Consists of $341,550 $4 cum. 1st preferred, $500,520 $5 2d preferred and $75,000 $5 junior preferred stock, £ Policy reserves legal reserve or life insurance reserves, x Not an insurance company, z April 30, 1939, figure. Quotations Bonds. are aa near as Bid. Abraham Lincoln Hotel (Beading, Pa) 1st extd 4-5s 1945 A&O Albany Metropolitan 5-6s 1949..1 Non-cum inc. 4-5s 1950..A&O Amer Insur Un Bldg 6s '41-M&N Arcade Bldg & Rlty < Seattle)— 1st leasehold 3-6s 1948 J&J Arcady-Wilshire Oo (Los Ang)— Non-cum inc 5s June 11949J&J Arrowhead Lake 7s 1944-47.J&D / Assoc Ohain Store Realty— non-cum inc 6s 1957.M&S / Assoc Realty Bldg 'Los Angeles) Income 5s 1948 (w-s) J&J Baker Hotel < Dallas)— 1st s f 5s 1950 (with stk) -F&A Bait Parcel Post 5Ms 1949 Bauman (Ludwig)— 53 M 19 101 88 . Academy of Music 1st leasehold 6 Ms to 1941.M&S Fox Theatre & Office Bldg Income 3s 1957—* Fox St Louis Theatre Bldg— 1st s f6Ms 1942— A&O Fuller Bldg (G A F Realty Oorp) 35 31 33 21M 1st 2M-4s (w-s) -- 50 88 99 1st mtge 2-4s 1952 M&S Granada Apt Bldg 6s 1938-.M&S *» Broadway-Barclay Inc—1st, 2d 1956 In June Bway Mot Bldg 4-6s 1948—F&A Bway-Spring Arcade Bldg— Non-cum 3-5s April 1 '57.J&D Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3 %-5s 1944 Bklyn Fox Oorp inc 3s Oct 11957 1st sinking find 5s 1949 J&D J&D Bryant Pk Bldg (NY) 6Hs'45J&J Budd Realty 6s June 1941.-J&D 6s Sept 1941 M&S Bush Term Bldg—See Industrials Butler-Hall 4M-5s 1947.Q Mar 25 Cent Manhattan Props 5s'46M&S Central Zone Prop 6s w-e'53 F&A Ohain Store Depot 6s 1940-.M&S Chanin Building— 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc 1st 1945.M&S Ohesebrough Bldg 6s 1948..A&O OhicHerald& Exam 6 Ms '50 M&S Cigar Stores Realty Holdings— 8 f dep 5Ms 1949 ser A——J&J Circle Tneatre extd 6s 1946.M&S Cleve Term Bldg 1st 6s 1941-J&J Stamped Cleveland Theatre gen 5s 1944—. iF 5 18 Hearst-Brisbane Properties— 1st fee & i'hold 6s 1939-41 J&D 49 30 16 19 36 37 M 22 68 5M 85 51M 34 UK 36 8 35 24 38 27 Pantages < Alex) 6s to 1947.M&N Paramount Bway Oorp.— 1st M s f 3s loan ctfs 1955 F&A Park Orescent 6s (w-s) 1955 Park Lexington Co Inc— 25 M 27 1st mtge leasehold sf 3s '64.J&J Park Place Dodge Oorp 6s 2-s '52 24 M 25 22 21M 15M 102 M 48 A8M 1(&K 97 19 - 21 50 49 M 72 71 16M Pennsylvania Bldg 6s 1939 M&N 2d non-cum inc 4s 1959.M&N 42 52 SH Income 5s Oct 1 1943 Repub Retail Deb 5s series A 1959 M&S income deb 6s ser B 1959. A&O Ritfcenhouse Plaza 2 Ms Jan 11958 13 93 84 16 31 33 «F SF 15 16 Robert Treat Hotel (Newark) 2-6s July 1 1956 An Mar Roxy Theatre 6 Ms to 1940-A&O 1st 4s 1957 —M&S Rus8 Bldg. (San Fran.)6s '51 F&A St Charles Hotel (Atl Cy) 6Ms '45 St Louis Post Off 5Ms 1938.A&0 San Fran Paramount Corp— 5s, 1943 —J&J Savoy-Plaza Corp— 3-6s (w-s) 1956 .Ann Oct / Schulte Real Estate 6s 1935— With stock J&D 56 20 Without com stock J&D 6s debenture 1951—.On Sept 44 Schuyler-Hudson 4s 1947 Sevilla-Bilt Hotel 7 Ms *37 ctfi Shelburn Inc(AtlCity)6Ms'40 J&J Sherneth Corp 3-5Ms (w-s) 195660 Park Place Bldg 3Ms-5s 1947 Sixty-one Broadway Building 1st s f 3M-5s (w s) 1950—M&N Income 3-3 Ms stpd 1955.M&N / Speed Building (Louisville, Ky). Lincoln Bldg Bldg— Corp— Income 6 Ms w s 1963 5 Ms ex stock 1963 67 M F& Lincoln Mtge Co (Newark)— Cum inc (w-s) 5s 1948 A&O Loews Midland Theatre 6 Office Bldg 6s. 1941—M&N Loew State Bldg (Los Ang) 6s '42 Loews Theatre Rlty 6s *47 M*81ft 57 10 Lombardy (The) 6s 1942—-M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 6Ms '45 A&O 63 34 Lord Nelson Hotel s f 4s '47.M&N Lords Court Bldg 5Ms 1942. J&D EF 70 64 66 24 M 82 85 101 %\K 40 101H 23 M 42 62 43 5M 46" 7 Macrid Realty 3s Madison Inc (N Y O)— 21M 23 Mtge cum Inc 3-6 Ms 1957M&N Manhattan Towers 6s 1948.M&S Marcy (The) 6s 1940 F&A Mark Hopkins Inc— 101 98 29 M 31M 5 4 98 M 24 .... - - - - 53 50 •. _ « - w M 25 3 60 90 1st Income 6s Feb 1 1952 Marshall-Wells Bldgs 6Ms'47 F&A Mayflower Hotel( D O) 5s 1950.. Mecca Temple 5s 1942 Mercantile Properties, Inc— Sees f 5M« 1946. J&J Merchants Nat Prop 4s '58. J&D Metropolitan Chain Properties— 92 96 93 89 92 6 10 100M 70 101M 73 M&N 99 102 70 72 42 M Debenture mtge 5s 1945.-F&A Midland Invest Corp (Mo)— 1st leasehold 3s 1953 M&N Nat Hotel of Cuba 6s 1959-M&S Nat Press Bldg 3-5s 1950 J&J 49 M Adj mtge inc Apr 16 4 Ms 1950- 1st 4M conv s f 6s 1948 Metropolitan Playhouses42 M 25 35 41 46 M 15 38" 8 16 9M 32 33 M 34M 26 M 28 M 1st mtge 2-5s 1955 N Y Majestic Oorp 4s 26 40 M - - - 19M New York Title & 55 10 19 M M 21M 1M 42 36 39 28 M 28M 30 , 5Ms 5Ms 5M« 5Ms 5Ms 5 Ms 1942—— —F&A 53M 35 52M 42 M 54M 44 M —; 5 sorios Q 1900 Rittenhouse SqTPhfla)— 1st cum income 5 Ms 1945. J&D 25 North Station Indus Bldg (Bost) 1st m s f 5a 1962 .A&O 40 Nominal, k Last sale. 35 37 1 3 tmrnt mm 90 7M 3M 6M 34 — — m'm 8 Textile Properties— 1st 4-5s (w s) 1958... 37 M M&N 25 38M Textile Crafts Bldg 6s w s 1944— 14 19 Trinity Bldg 5Ms 1939. .J&D Trinity Court Bldg 4s 1941.M&S Stamped 2 Park Ave Bldg 4-5s 1946.J&D 50 52 80 50 14 26 30 ..Ann Dec Van Sweringen Go— 1st 6s 1935 F&A / 1st & coll s ffls 1938-. .A&O / Van Sweringen Corp 6s '35.M&N / 52" 17 27 8 «• « m m>rnm 27 54 _ • mmmm 8M 20 2 M — 9M 38 83 24 9M 23 4 m.rn,mm . «. 54 97 56 15 (Hotel)— Non-cum Inc 5s 1954 ..M&S / Wall & Beaver St Oorp— 1st 4 Ms w-« Nov 1 1951—J&J Warner Bros Hollywood Thea— M&N Washington Properties Inc 7s 1952 Westinghouse Bldg 4s 1948-A&0 Woodbridge Bldg 5M« '41—A&O 7s 1940 -A&O - n io x SF 79 1st 6 Ms 1941 42 12 IF 6 Waldorf Astoria 51M 33 M 35 12 77 Wallbridge Operating Co (Buff)—r Income 3-4s 1950 Ann Feb series B-K 21M 35 62 series 02 series CW-1 series FI 76 10 East 40th Street Bldg 5s 1953. Non-cum inc 6s 1958.. J&D / 1088 Park Av Oorp 2 M-5s'53 M&S 43 M Mtge— series B-I 6 23 27 M 26 60 6M 20 70 65 M 84 24 Varick St Sta P G (N Y) 6s 1941 Wabash-Monroe Bldg 6s 1953 J&J Wadsworth Bldg(NY) 6s *63 A&O 4M 38 Taft Rlty (New Hav) 6s*40 A&O / Income 2s w-s 1951 Nov Tyler Bldg 6s (w-s) July 1 1953— U S Realty & Impt 6s 1944. _J&J 23 M 69 M 5 M&N / — 2480 Bway Bldg 2d mtg* 3« 1944- 110 47 M 81 Steuben Bldg (Chic) 6s 1943 M&S / 2M Stevens Hotel (Chicago)— Income 5s W-S 1956 / 33 Stone & Webster Bldg (Boston)— 5s 1947 M&S 101M Strauss-Manhat conv 6s '33.J&D / 32 14 M 22 54 M 97 . 13 M 109 M 15M Stanley-Mark Strand 6 Ms 194] Real Est 5 Ms '45 J&D Stanley 42 5Ms 1937 ~ 27 18 53 —J&D (w-s) 1956 M State-Randolph Bldg (Chicago)— JK 73 54 4 40 5 75 Bldg— f,d(&6s 1^48*.-J&D 15 - 25 Tower 1st fee & I'hold 4-5s 1959.A&O Neisner Bros Realty, Inc— 12K 13 M 18 M&N 1945 23 Lexington Ave 2M-4s '50.F&A 29th St Towers Bldg 3s 1942 / 2124-34 Bway Bldg 6M« —.1943 / 41 N Y Postal Service Station— 24 - National Income 6s 2d fee 3s 1946 N Y Athletic Club— 28 Deb 5s Legended / Flat price, J&J Bidg(Denv) 3-5s'49_J&D Properties— 56 7 20 38 5M 38 M 45 J&D 15 50 M 115 46 Lefcourt State IF 83 M s Lewis Morris Apts 1st 4s 1951 14 11M 50 37 f 5s 1958 M&N Gen income 5sNov 15 *83. J&D Provident Loan Society 6% ctfs Prudence Securities Corp— Income 5 Ms ser A 1961.-M&N 1st Extend 1st 4-6Ms 1948... Lenox Hotel inc 5s 1950....F&A 102 M 102 M 13 72 52 44 M 38 Lefcourt Manbat Bldg— 1st fee 4-5s 1948. 101H 101M 50 Pierrepont Hotel 3-4s 1951.-J&J Pitts Hotels Corp 1st 5 Ms "48M&S Mtge cum inc 5s May 1962 Conv cum inc deb 5s May 1967 Voting tr ctfs for common... Poli-New England Theatre— Units.—... Lawrence Hotel (Erie, Pa.)— 6s Jan 1 1948 —M&S ..... 46 20 Quincy Station P O (Chicago)— 1st extended inc 5s 1950—J&D Realty Assoc Sec Corp-^- 17" 35 25 Syracuse Inc 3s 1955.-M&S Kramon Devel Co 1st fee & leasehold 3Ms-4s 1952—.M&N Lake Sh Ath Club (Chic) 6M» '46 LaSalle Wacker 5s fixed 8 6M Ore Paramount Oorp 4s '57.M&S Orpheum Th & Rlty 2-6s '46 M&S Palace Hotel (San Fr) 5s '45.F&A 5 A&O (Boston) 1st 6 Ms 1943 F&A Jagels & Bellis Realty 6s '4S.M&S Keith Memorial Bldg 6s 1943 165 Broadway Bldg 5Ms '51.F&A Sees f ctfs 4Mb (w s) 1958 General s f 7s 1941 ...F&A 7 50 George 4s 1950 —M&N s f 6s *51 ..M&N 103 East 57th St Bldg 6s '41 M&N 103rd & West End Ave— Income 5s June 1 1942.— J&D / 110 So Penn Ave (Atl City)— 6s 1944 J&D 3M 40 Hotel Taft Corp 5s 1947 .F&A Insurance Exchange Building 33 41 1st Leasehold 3s Jan 1 1952 600 Fifth Ave 6 Ms 1949 J&D / Stamped 4s 1949---...... J&D 1st fee & I'hold 6s 1942 J&D Herald Square Bldg 1st s f inc 3M-6s May 1 1948Hotel Drake Corp Inc 3-5s '53F&A Hotel 66M Edgewater Beach Apts— Oq Tr inc 6s w-s *50 Ann Oct 1952 Ferry Station P O (San Fran)— Ext income 3s 1952......J&D Film Center Bldg 4s 1949—A&O 5th Ave & 28th St Bldg 6 M* 1945- / 5th Ave & 29th St Bldg 6s 1948... 5th Ave & 55th St Bldg 4s *55 w-s 15 Park Row 4s w-s 1952 J&J / 50JB' gB'way Bldg 3-6s 1946-—M&S / ilast 42d St 3s 1956 51E£ On Mar / 51 Fifth Ave 4s 1943 -A&O 52d &>Madison Office Bldg— 34 4M4 Hotel St 25M 6 3M Equitable Office Bldg 5s 1952 32 M, Hotel Lexington units 4s '55-M&S Hotel Sherman Inc 1st 5s '57-Apr 7 5M 38 Detroit Leland Hotel 5s Oct 1 '52 Dorset Hotel 1st partic 2s 1957— Drake (Phha; 6s w-s 1959 / Eastern Ambassador Hotel units. Eppley Hotels 1st sf 3-5s 1951 J&J 15"" 43 84 Harrlman Bldg 6s 1951— M&N Hartford Times deb 4 Ms *51 M&N — 11 West 42d St new 4s 1st 6 Ms 1945 M&N 80 Broad St Inc 4s Nov 1 1956 80 John St extd 4s 1950.. A&O / 870 7th Ave 4 Ms Jan 1 1957 ?F 41M 47 10 Construction¬ ist s f 4-4 Ms 1948(w-s)—A&O Colonial Apartments 6s 1937 Edgewater Beach Hotel (Chicago) Cum inc deb ext 5 Ms '41—M&S / 11 Park Place Corp 4s 1948 M&N 6M 21H 83 8M Oolonade Columbus-Venetian-Stevens Bldg (Chic) 1st leasehold inc 3-5 a. 1955-..—.-... M&S Congress Square Hotel (Port Me) 5Ms 1946 —M&N Court & Repawn Rfo 'Ftrnokiyn) Bldg Oorp 1st s f 3M-5s._ .1940 Cromwell (Oliver; 6s 1939.M&N / De Paul Hospital 1st & ref 3-3M-3M-4s 1939-1947—Q-Feb Detroit Hotel 6Ms to 1941..M&S / 5 20 M 45 Greeley Sq Bldg 6s 1951.....Feb 64 Brown Hotel (Louisville) 2d income 6s 1949 1st 6s 1943. One Park Ave 2d 22 Graybar Bldg (East Offices lnc>— 1st m leaseh 5s 1946 J&1"> — Bid. Olympic Inc (The) Seattle— 22 (Pittsb)— 2M-5s 1957 (with stock)..J&D -- 54 Bonds. Ask. Grant Bldg | 5 Ms 1935 J&D/ Benj Franklin 6s ctfs 1933 iJF Berkeley-Carteret 5 Ms '46.M&N Blng & Bing deb 0M« 1950-M&S Income 7s 1950 w-s... M&S Book Tower (Det) 2-5s *52-(w-s) Boston Parcel Post 3s Oct 1945— Boston Postal Serv 5 Ms '38.J&J J&J 1949 6s 1944 J&J Garrett Buildings (Chicago)— 5 Ms to 1940 J&D / Governor Clinton Co Inc (N Y C) 48 10 Bid. Fox New 49 55 33 47 1st 5s (Brooklyn) 1947 F&A 1st 5s (Long Isld) 1951—A&O, Beacon Hotel inc 2-4s Apr 1958-.!/ Bellevue-Stratford fPhila)— 47 45 55 1st mtge coll 5 Ms 1957—J&J Oum income 6s 1957 A&O Adj Bonds. 1500 Walnut Oorp (Phila)— 1st 6s 1950—A&O 1528 Walnut Oorp 6s (w-s) 40 Exch Place 5Ms 1956....M&S 40 Wall St Bldg 1st 6s 1958.M&N 42 Broadway Bldg 6s 1939—J&J 48 St Real'n Oorp l-4s—Mar 1952 1400 B-way Bldg 4-5s 1948.J&J 1410 B'way Bldg 3 Ms 1941-A&0 Fox Det Theatre 6s 1942 .A&O / 70 Alden (Hotel) lst3-5s 1957--F&A 32M Allerton N Y Oorp — Cum income 2-6s July 1 1955.. / 17 M Allied Owners Oorp— 1st income 5s 1958 J&J 100 Debenture 2s 1963 J&J 85 Ambassador Hotel (Los Ang)— possible for the closing day of the month preceding the date of issue. Ask. 64 101 ESTATE BONDS REAL 13M 14 M 16M 18M 94 56M 73 24 20M 75 26 Quotations in this department are given par share, not per cent, except for stocks of Canadian Institutions, and are possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes as near as sales. ; ■ ■ ' • ■ . ' ■ Figures of deposits, capital and profits for the National banks 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 the Clearing House banks of New York, deposits are taken from the latest weekly statement. National Banks •State ALABAMA June 30 National Banks June 30 Stale CALIFORNIA Institutions June 30 Gross Surplus & Profits Capital Institution! June 30 Par Deposits Bid Ask Capital Gross Surplus & Profits Par Deposits Bid Ask Nomi nal. Birmingham— $ $ 106,428 $ 1,975,668 50 500 000 11,156,418 Bank for 8a vs. & Trfcg. d Birm'ham Tr & Sav 29,408,380 /SO 22 H 27X 1 48 52 1,194,217 100 Norn inal 125,000 b Per share. Sacramento— Per Capital Nat Bank— d Common Preferred al ,743,000 Industrial Sav Bank- d 125,000 e 81,700 961.250 Citizens Bk of Sacra. 50,000 246,000 i 145,000 134.758 60,843 175,000 127,612 3,910,308 50 757,631 25,007.188 783,384 13,205.460 125 193,201 8,907,338 3,160,506 100 90~ 100 90 National Bank dl8.000.000 6,308,342 198,125,519 Bank of Calif, N A.. 6,800.000 7,974,565 116,489,134 Bank of Amer Nat Tr & Savs Assoc 50,000,000 67,370,0^0 1408306798 Bank of America 1,500,000 /2,217,422 18,854.965 20 share. 100 First Nat T & S Bk__ dl,750,000 San Diego Tr & S B a 32,434,075 1,984,673 5,489,305 1.395,240 Merchants Nat Bank d Sumitomo Bk of Cal. 1,698,967 183,098 N 100 0 100 re cent 100 sa les San Bernardino— First National Bk— Common 3,600,000 6,400,000 jl,198,734 375,000 1,000,000 1,000,000 300,000 1,000,000 Preferred Amer Nat Bk & Tr Co First Nat Bank Merchants Nat Bk__ 61,951,793 125 \25 172,705 1,437,508 1,713,451 3,089,191 25,253,974 21,231,461 25 267,629 810,212 Mobile— 4,350,277 19,341,760 24 26 Common 25 "el" ~62X 20 MontgomeryAlabama Nat BankFirst Nat Bank American Nat Bank. d San Diego— 10 12 12X 10 13 14 Preferred Security Tr & Sav Bk United States Nat Bk d San Francisco— 250,000 1 490.000 600,000 270,000 10 Q 100 4 6 25 50 125 59,391 m m mmm — Anglo California Common-..-. 100,000 Preferred Selma— J6 83,037 40,000 City National BankPeople's Bk & Tr Go. d d National Banks June 30 2,311,420 17 H 15 400,000 120,000 200,000 342,500 213,236 62,333 211.660 2,627,614 100 25 113,600 State ARIZONA i » l i 100 1,675,282 1,689,761 1,538,817 i 1 1 * C5 O 100 Institutions Nomi nal. Bisbee— Per 189,815 First Nat Bk of Ariz. Phoenix Sav Bk & Tr 550,000 247.500 883,225 179,635 jl,385,879 38,452,729 15 \6H 250,000 465,365 Valley Nat Bank— N Common Preferred Tucson— Sou Arizona Bk & Tr o re cent sa les 7,500,000 7.500.000 600,000 827,673 139,750 145,244 First National Common 162,546 9,543,683 /100 200,000 1,000,000 375.000 Per First National Bank. Merchants Nat Bank 300,000 200,000 100,000 Peoples Nat'l Bank.. Twin City Bank 567,049 141,282 42,606 Union Nat BankCommon ._... Preferred W B Worthen Co - . d 300,000 185,500 667,500 j 356,525 411,284 N 100 25 83.787 880,515 June 30 sa les National Banks 120 11,665,560 120 100 "350" 400"" Per 1,677.987 119,750 .2,465,537 /100 350,979 432,645 6,860,508 9,520,832 619,165 79,834 9,018,521 5,535,009 1100 American Nat Bk 500,000 share. N o re 100 50 cent les Savings Bank Farmers & Mer Nat Secur-First Nat Bk— 5,000,000 3,000,000 108,005,095 4,325,000 115,739,809 5.277,671 130,240,544 Common........ 24,000,000 131156,435 571,111,490 Preferred Union Bank & TrustOakland— Bank of CommerceCentral Bank Farmers & Mer Sav. Pasadena— Citizens Coml Tr & S First Tr & Sav Bk— Common Preferred-. Pasadena-First N Bk d Security Nat Bank.. ! Common Preferred Celorado State Bank Denver Nat Bank First National Bank. sa J3,515,644 8,500.000 2,500,000 J25 140 20 100 1,000,000 11,734.956 22 X 25 X 385 23 25^ Preferred 47 47^ "94^" 98"" 3,083,802 50 25 100 c 300,000 601.975 6,235,698 100 e 450.000 550,000 150,000 300,000 1,075,599 13,487,828 25 \ 25 44,574 320,626 2,343,883 3,609,320 20 108 100 489 50 491 100 085 o sa "loo 100 161,500 20,707,366 2,052,417 100,660 5,005,157 (100 1,212,815 I N re cent 100 100 100 1100 Sale price. of San Francisco, Calif. a Outstanding preferred stock consists of $1,043,300 1st pref. of $20 par value and retirable at $50 a share, and $700,000 of 2nd pref. stock. b March 29, 1939. Savings deposits. d Common and 100 1.785, 33,613 59,066 1,289 852, 505 25,503 ,581 17.780 413 2.298,002 t Controlled by tne Transamerica Corp 46,631,724 11,567,015 j 132,407 1.805,936 3,777.761 36,335 33,658 2.291,797 600,000 30,000 100,000 200,000 50 100 392 76,764 2,095,531 269,394 , 100 1100 60.000 Mlnnequa Bank Pueblo Sav & Tr Co Common 38,439.015 329,100 2,000,000 300,000 100 37,843,001 flOO 500,000 _ 2,865,981 50 350,000 1,260.000 1,500.000 National City Bank. d 100,000 Union National Bk d 100,000 U S National Bank.. 550,000 International Tr Oo. 500,000 Pueblo— * 125 share. 20 143,725 100,000 I 73.000 300,000 300,000 First National Bank. 5,000,000 800,000 Institutions June 30 Denver— 100 State Institutions June 30 17,592,641 3,118,884 State Per 50.000 Preferred class A.. 50 17,932,903 2,271,599 11,395,414 COLORADO Colorado Spgs.— Colorado Sav bank.. Colorado Spgs Nat B Common California Bank— Preferred Citizens Nat Trust & o Nom inal 25 Nomi nal Common les 25 Long Beach— 726,934 253,799 cent sa 20 10,714,508 3,850,683 1,296,160 CALIFORNIA Farm & Merch Bank 1,000.000 Western Tr & Sav Bk d 225,000 Los Angeles— N re 100 in) Central Sav Bk & Tr Colorado Nat Bank National Banks 100 100 0 First National Bank. 100,000 400.000 4,752,665 11,261.033 2,491,291 re cent Exchange Nat Bank. Pine BluffNat Bk of Oomrtaerce Simmons Nat Bank. I® 49X 100 1100 529,440 818,222 142,016 CANADA share 100 2,436,851 7,659,988 10,249,645 June 30 Little Rock— Commercial Nat'l Bk 33 X June 30 Nom inal.. 141,755 567,661 585,699 10,500,287 |20 Bk— ..... First National Bank. Fort Smith— 275,000 500,000 500,000 284,707,476 State Institutions ARKANSAS City National Bank. 36X 1,631,100 12H 564,700 1 435.300 Commercial Nat Bk. d Stockton S & L Bank Union Safe Dep Bk National Banks June 30 J7,093,475 Preferred... Stockton— 100 9,213,509 American Tr Co— Common Preferred San Jose— First National Bank. Santa Ana— 16,074,437 t 20 4,688,419 t 25 600,000 1,209,000 share 100 4,278,454 133" 34 500,000 118,596 4,068,734 100 Bank of Montreal 1,000.000 287,371 4,517,953 100 "212"" 216" Canadian Bk of Com 171 174 1,300,000 487,682 17,921,803 100 Crocker First Nat Bk 280 6,000.000 8,193.747 142,596,896 320 100 The San Fran Bank. 9.000.889 163,513,949 10O0 11.250 11550 6,000,000 Pacific Nat Bank d 100 90 980.000 8,473,977 100 385,218 Wells Fargo Bank & Union Trust Co 280 302 9,000,000 8,698,568 264,650,555 100 Yokohama Specie Bk 1,200,000 6 5,882,229 390,106 V June 30 250,000 l2% *83£ 132' Bank of Canton 100 Miners & Merch Bk_ Phoenix— 80 130 preferred stock outstanding. May 19. 1938. / June 30, 1937. 0 Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust & Savings Bank of San Diego, Calif. <Dec 31. 1938. * Sept 1 Last sale price. p Par value 100 yen. n 28. 1938. New stock. 103 TRUST COMPANIES AND BAMS AUG., 1939] National Banks ™"Wnt5 CONNECTICUT ""JSST" State Institutions FLORIDA June 30 June 30 Cross Surplus Capital Surplus & Profits Capital Cross Nomi nal. Per Bridgeport— share. First Nat Bk & Tr Co Common Preferred Black Bock Bk A Tr. a Brldgep't City Tr Co 500,000 1,455,000 100,000 25,000 122,500 25.000 30 75 8o 25 30 22 24 100 234,627 1,282,580 1,012,918 171,016 4,407,046 199,828 2,115,300 156,692 3,746,531 211,003 171,715 123,415 1100 250.000 125,000 50,000 50,000 500,000 200.000 100,000 7H 50 28 1,760,667 f 25 i 250,448 300,000 150,000 1,150,000 100,000 4,000,000 100,000 1,600,000 100,000 4.000,000 100,000 Glastonbury Bk & Tr b 40 25 100 1,694,089 49,261 105,000 09,500 Common..Preferred Hartford— Capitol Nat Bk A Tr Conn River Bkg Co. First National Bank. Puritan Bk A Tr Co. New Haven— Amer Bank A Tr Co. First Nat Bk A Tr Co 149,156 1,276,836 2.200.000 North End Bk A Tr Common 1st preferred2nd preferred West Side Bank— Hartford Nat Bk A T Industrial Bank Pnoenlx St Bk & Tr. Bast Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co Riverside Trust Co.. Slmsbury Bk & Tr Co So End Bk & Tr CoCommon-Preferred Travelers Bk A Tr Co West Hartford Tr Co Windsor Trust Go— Meriden— Home National Bank Meriden Nat Bank.. Meriden Tr & S D Co 265,552 7 5 22,581,866 ( 17H 40 1,614,569 25 27,394,057 25 30 100 50 10 3,367,627 8,282,580 15,075,513 1,676,348 71.197,305 25 500 115 55 28 60 100 261,397 37,370,672 1,922,551 45,549,745 2,506,999 3,319,680 1,996,399 275 25 25 Par Deposits Profits . Miami— Amer Bk A Tr Co First National Bank. First Trust Co. Florida Nat Bk & Tr Little River Bk & Tr Miami Beach First National Bank—. Orlando— First Nation'l Bank- S 25 44 102,737 3,038,014 35,877,228 30,124 10,458,076 2,282,997 100 100 110 300.000 720,888 14,769,296 100 125 135 132,000 t 35 40 180 110 100,000 400.000 129,740 864,340 81,370 349,236 100,000 200.000 1,200,000 r Common.——Preferred Florida Bank Palm Beach First National Bank. Pensacola— American Nat Bank. Oit A People's Nat Bk 100 100 100 222,854 269,343 5,614,578 ?n 100 68.000 1 200,000 1,020,459 9,117,034 100 400,000 200,000 451,863 149,494 5,498,999 3,447,655 100 175 100 105 75,000 St. Augustine— 31,411 42,024 1,260,487 2,256,140 100 200,000 Florida Nat Bank 200,000 317,508 7,849,318 25 69 Tampa— Broadway Nat Bank 100,000 950,212 16,599,379 17,478,874 1,860,287 100 100 100 125 Exchange Nat Bank. 36,964 552,493 1,048,452 173,897 100 14" 50 11 43 25 Exchange Bk St Aug St Augustine Nat Bk St. Petersburg— 100 125 120 150 100 110 125 100,000 61,373 1,379,408 100 200.000 305,514 6^569,119 101 30 "64" 25 20 63,350 1,010,453 824,769 283,988 131,709 11,142,149 3,750,533 1,599,362 372,520 69,906 107,881 53,293 6,609,616 1,573,525 5,807 1,467,548 100 20 15 145 25 10 220,000 164,420 2,736,715 100 90 100 ^25 West Palm Beach _ 6100 100 1/100 100 170 35 25 25 25 Fla Bank A Trust Co. West Palm Beach At¬ d lantic Nat Bank 21 National Banks 18 June 30 State GEORGIA 750,000 1,028,646 919,301 170.000 82,348 173,800 1.458.700 1,163,309 1100 16,335,723 100 300.000 536,797 3014 2,996,122 1100 100 28X f 50 1,086,597 Preferred Un & N Haven Tr Co New London— Nat Bk of Commerce New London City 28,447,593 i 45 !100 &45 120 125 50 71 53 50 9,545,331 11,884,286 4,646,192 50 74 » 344,800 a I 300,000 270.000 Bank 102 98 91,461 192,853 43,284 2,517,187 1,981,880 816,053 50 o re cent 100 100 sa les Norwich- Thames Bk & Tr Uacas-Merch Nat Bk 550.000 200.000 Stamford— First-Stamford Natl Bank A Trust Co. Fidelity Title&Tr Co Stamford Trust Co.. 405,744 168,335 3,344,001 1,737,073 25 19 100 110 120 Per 118,483 791,338 3,379,134 91,348,214 4,684,751 114,668,286 Common....—— Preferred tio 1.000.000 200.000 700.000 Oitis & Mfrs" Nat Bk 1,412,958 709,264 994,485 12,553,508 5,645,923 9,324,326 100 145 100 100 155 225 145" 155 91,348,214 1,508,000 3,379,134 195,540 265,837 600.000 899,297 100 160 5,308,280 f 25 i 32 9,446,393 100 100 3,566,076 23 32 11,478,302 Liberty Nat Bk A Tr Savannah Bk A Tr.. Citizens Bk A Tr Co Common a Common 250.000 1 264,000 > — 1.000.000 On unnono 230,700 3,145,124 194,266 DELAWARE June 30 State National Banks "65" Institutions Central Nat Bank--. Farmers' Bank-- 210.000 Industrial Trust Co. 625,000 203,175 1,000.000 500.000 1.500.000 672.600 4.000.000 100 110 80 123 85 128 100 35 40 100 210 225 tio 100 10 100 7,405,590 91,348,214 4,811,162 4,400,639 10 100 100 £13 80 50 55 1,592.192 100 30 50 103,328 State 316,761 4,115,750 1,500,646 685,825 880,923 2,782,411 1,021,003 12,146,870 1,930,910 20,973,352 2,970,492 3,579,281 100 50 25 67 11,779,725 18,865,797 9,876,060 73,865,736 100 165 25 60 61 64 125 50 214 Anacostia Bank a 145.000 Dity Bank Columbia Nat Bank. a 475.000 250.000 100.000 1,000,000 530.000 400,000 345,000 1.050,000 200,000 800,000 82,796 457,337 551,779 313,731 956,648 462,468 925,315 221,766 709,929 203,324 1,942,055 Common———-.. Preferred 3.000.000 15,432,698 1.100.000 451,720 530,000 Secur Sav & Com Bk a 528,000 394,798 Amer Secur A Tr Oo. 3,400,000 5,401,271 Nat Sav A Tr Co— a Common Income debentures Munaey Trust Co Union Trust Co Wash Loan A Tr Co. 71 }4 Per National Banks June 30 1,000,000 12,104,765 500,000 2.000,000 1,267.542 1.000,000 1,830,203 1.000,000 2,534,741 National Banks FLORIDA June 30 1,992,586 9,337,306 4,858,323 3,480,213 26,303.8^3 6,917,091 10,172,493 5,500,738 9,029,970 2,456,210 23.413,545 100 N 0 re cent 26,801,070 74,680 100 sa les 100 State Institutions ILLINOIS June 30 Nomi nal. Per 50 100 60 122 100 .11 143 100 245 4,219,756 5,262,066 3,314,722 100 100 100 100.000 300.000 350,000 150.000 44,631 221.146 257,915 171.147 1,189,665 2,785,896 6,447,591 2,567,683 100 100 100 100 30 250 275 100 125 150 400,000 State Bank.. a 76,602 Am Nat Bk & Tr Co. a1,600.000 1,443,586 A us tin State Bank.. 200.000 i 149,102 100 20 30 100 210 40 20 109,617 87,424 189,954 3,161,085 3.60S,659 62,622,136 5,033,804 6,692,643 2,350,961 7,975,037 137,073,370 217 25 35 90 — 266 8,795,558 60 57 7,972,681 48,609,105 100 158 250 100 15,332,128 (100 280 102 M 185 165"" 262 205 — 6,206,520 10,094,376 23,217,061 100 50 83 100 235 mm Vtate Aetna deverly State Sav Bk Central Nat Bank— City Nat Bk A Tr Co 50,000 100 100,000 186,033 1,976,212 25 25 4.000,OOU 25.000.000 1,500.000 Oosmopollt'n Nat Bk a 250.000 District Nat Bank— 102.000 Common 98,000 Preferred .. 442.500 Drexel State Bank.. a 1.000,000 Drovers Nat Bank.. — les First National Bank 30,000.000 200,000 200.000 a 200,000 ... 100 10 100 30 80 15 103 1212371248 33»» 425,260 3,080,938 100 100 135 69,094 3,038,416 20 30 15 20 7,487,672 175,013 1,032,508 26,201,366 37,266,525 1012865375 789,275 5,221,035 i 248,921 6,219,992 i 87,675 2,935,354 40 27 150 31 160 215 220 170 180 150 160 12 15 79^ i 100 100 100 100 11 Sale price, t Branch of Savannah. Includes preferred stock or debentures outstanding, Sept. 28, 1938. Member of tbe Atlantic Group in Florida. Affiliate of the First National Bank of Atlanta, Ga. / Dec. 31, 1938. Member of the Florida National Group. ' Affiliated with the Barnett National Bank of Jacksonville. Fla. 1 March 29, 1939. A New stock t Last sale. r Combined statement t Trust funds. 0 n y Stock all owned by Travelers Insurance Co x Ex-dividend. 80H b 33 33i« a e 18 108 507,379 61,948 -— .... c . 300.000 i Oont Nat Bk A T Co d Spr'field Atlantic Bk sa ft Retirement price. Nomi nal. Per share. 10 100 1380,000 100,000 i Avenue St Bk Oak Pk 1-0 National Bank.. fnstit>itinns 51,625,863 27,840,224 36,359,492 1,069,443 0 cent ~mm June 30 1,051,455 1,441,492 1,364,692 30,505 N re Chicago- First Nat Englewood Hals ted Exch Nat Bk 80 a BellevilleBelleville Nat Bank. Belleville Savs Bank. First National Bank. St. Clair Nat Bank— Preferred- 94,980,117 flOO \ 100 share. 189,346 265,286 80,126 Oont 111 N B & Tr Co Common —-—- 50,000.000 142250288 100 160 10 22H 100 190 100 £264 20 29 "3l"" 100 176 190 100 £200 Jacksonville— Atlantic Nat Bank.. (13.000.000 Barnett N B of Jack. 1,500,000 Florida Nat Bank. 01,500.000 share 22,472,731 160.000 300,000 379.300 * Lakeland— Florida Nat Bank... 0 hi* 41M Riggs National Bank Second Nat Bank M Institutions 220 110 300 Nomi nal. Per share Nat Metropol Bank. UH 135 25 Washington— a 13H June 30 750,000 t 818,003 Preferred 588,000 First Security Bank- al,100.000 1,236,197 125.000 Boise Trust Co 48,809 Old Second Nat Bank McLachlen BkgCorp Nat Bank of wash. Nat Capital Bank 14 H 100 Aurora- Lincoln Nat Bank... 155 13 M 89 100 IDAHO June 30 Aurora Nat Bank— Merchants Nat Bank Liberty Nat Bank 151 tio Idalst NatBk ofBoise Nomi nal. Per share. Bank of Co mm & Sav Hamilton Nat Bank. 710 100 Boise City— June 30 Wilmington— . 100 60"" 700 100 6,405,845 2,052,976 2,209,792 1,282,606 3,362,501 Common Equitable Trust Co. Security Trust Co Wilmington rr* Co "55" Nomi nal. National Banks Union Nat Bank Delaware Trust Oo_. li« 30 280 260 25 200 55 500,000 655,000 200,000 1 130 000 / ... Debentures Waterbury Nat Bk— Trnrt 3,379,134 91,000 271,126 r5,000,000 110.000 First Nat Bk&Tr Co $ 500.000 Savannah— Oitis A So Nat Bank. r5.ooo.ooo 9,179,711 91,348,214 3,303,641 13 K 29 10 38,108,532 (100 1100 3,732,254 100 100 31,325,333 Georgia share 100 1,000,000 il ,118,616 475,000 Ga Sav Bk & Tr Co- a 990,000 342,486 Trust Co of Georgia e2,000.000 3,020,280 Augusta— RR Bk A Tr 638,969 750,000 Oitis A So Nat Bank. r5.000.000 3,379,134 Nat Exchange Bank. « 400.000 159,067 Golumbus— Columbus Bk A Tr.. e 850.000 833,353 First Nat Bk of Col— 200.000 125,096 Fourth Nat Bank-. 300.000 151,000 Home Savings Bank. 75,000 40,505 Merch A Mech Bank 200,000 378,460 Macon— Otly Bank A Tr Co.. Waterbury— TV»*orhr»rv mm Institutions Atlanta— American Sav Bank. 200.000 Citis A So Nat Bank. r5,000.000 First Nat Bank 5,400.000 Fulton Nat Bank— . N Union Bk A Tr Co.. Preferred Colonial Trust Co mm June 30 Oitis A So Nat Bank. 800,000 Common _ mmmmm Nomi nal. Second Nat Bank... Trademen'a Nat Bk National 166'" 100 15 a 1,250.000 First National Bank- al,150,000 FirstSav&TrCo—. 500.000 160 a 600,000 150.000 100,000 150.000 a [ 882.000 378,000 920,000 _ 100 5,587,065 J 20 100.000 - _ Nomi nal. Per share. 125 130 125 29 25 Common Prior preferred Conv preferred New Haven Bk NBA Wlnthrop Trust Co.. Ask Bid Ask Bid Par Deposits 145 BANKS AND 104 National Banks June 30 ILLINOIS Capital Chicago (Cond.) Kaspar Am State Bk Surplus & Profits 76,123 250.000 TRUST State Institutions June 30 National Banks Cross Par Deposits $ 2,486,651 Bid Ask Noml nal. Per share. 20 4 8 275,000 325.000 300.000 Common......... Preferred . Lire Stock Nat Bank Madison-Crawford Natl Bank....... Main State Bank Merchandise Nat' IBk 11,837,023 25.629,571 1,605,762 200.000 . MUwauket A v N't Bk < o 500.000 ol.092.185 594,292 600.000 261,235 200,000 71,994 200.000 187,037 400.000 152,414 200,000 o 393,008 400.000 307,538 500.000 942,189 500.000 200.000 o 280.606 Mutual Nat Bk of Cb Nat'l Builders Bank. t Nat'l Boulevard Bk. National Security Bk North Shore Nat Bk_ I 200.000 Oak Park Tr&Sav Bk 500.000 Personal Ln & Sa v Bk 2,000.000 Pioneer Tr & Sav Bk i 750.000 Sears-Oom State Bk. 200.000 Bkala Nat'l Bank.. 200.000 South East Nat Bank 200.000 South Shore Nat Bk. 200.000 Btate Bk of Clearing. 120,000 Terminal Nat Bank. 200.000 Univ St Bk of Chic.. i 298.000 Upper Ave Natl Bk. Uptown State Bank. 300.000 300.000 Western Strite Bank. 200.000 i 400,000 Banco dl Napolt Tr. 300.000 Chic City Bk&Tr.. 800.000 Drovers Tr & Sav Bk i 544.000 Bast Side Tr&Sav Bk 200,000 Harris Tr & Sav Bk. 6,000,000 Lake Shore Tr & S Bk i Lakevtew Tr & S Bk. 786,000 600.000 3.000.000 300.000 Northern Trust Co.. Pol Wn Tr & Sav Bk 160,520 244,158 o 200.000 _. Amalg Tr Ac Sav Bk. 12,796,332 415,604 1.000.000 Mercantile Nat'l Bk_ Jfc Merchants Nat Bk._ Metrop State BanK Mid-City Nat Bank j 392,502 o 90,724 297,426 1,619,178 o 674,427 259,018 85,704 195,220 85,012 86,180 332,844 356,965 o 375.265 4,845,135 5,917,698 18,729,107 16,275.457 6,442,676 3,163,231 11,214,275 5,985,646 11,233,401 6,363,300 16,996,010 7,976,717 4.224,058 8,971,251 7,073,272 18,432,046 9,423,806 3,169,272 7.531,404 818,647 2,569,733 6,636,173 6,408,825 6,347,380 8,431,110 3,515,688 8,091,293 5,018,792 358,281 215,407 366,174 477,406 1,005.146 25,046,389 473,367 11,907,147 77,670 975,934 11,236,416 247,571,221 313,329 12,052,558 1,320,202 29,764,813 10,269,204 344,261,615 388,117 9,187,571 12 I10 15 i10 100 200 20 59 100 150 160 100 90 230 135 100 245 100 100 100 100 20 95 175 125 135 15 50 100 100 25 100 30 40 73 133 78 143 170 35 45 160 30 135 145" 20 60 190 23 70 200 100 100 20 100 100 Davenport Bk & Tr. 100,000 300.000 100,000 First Nat'l Bank Union Nat'l Bank... Peoria— Cent Nat Bk & Tr Co Com Mer Nat Bk&Tr 100 520 100 160 285 68 Iswa-Des Moines Nat Bank & Trust Co: Common Preferred Common Capital notes.. South Side Tr& Sav B Quincy— B'dway Bk of Quincy 111 State Bk of Quincy 100,000 65 16 Live Stock Nat Bank ... 20 48 60 130,533 3,069,076 50 30 40 Peoples Bk of Quincy S'thSideBk of Quincy i 200,000 V 174,000 200,000 100,000 o 50,000 296,000 rec sa les Toy Nat Bank...... Security Nat Bank.. Woodbury Co Sav Bk National Banks June 30 j 50 Co... 200,000 246,000 500.000 o 21,513 639,638 100 25 10,789,163 4,784,404 8,035,160 50 ^66*, 500,000 300,000 Springfield Marine Bk 500.000 9,950,863 5,229,711 12,382,578 June 30 INDIANA State 60 125*" 135' 100 100 100 50 35 35 30 Preferred Indiana Tr & Sav Bk. Lamasco Bank National City Bank. North Side Bank 808,846 192,680 31,874 62,096 47,747 754,910 47.259 500.000 First National Bank. i 214,000 t 100 165 100 120 50 100 175 110 125 i Institutions k . share. 200 i First National E Fourth Nat Bank.., 225 100 160 100 100 175 110 110 100 100 100 150 100 100 110 160 110 100 100 125 100 402,452 15,261,733 Mutual 1,838,478 1.200,000 663,414 21,541,682 100 100 3,592,842 5,106,224 268,211 161.822 73,000 12,949,505 r 10 \ 10 2,950,631 100 1,322,286 100 299,393 6,561,333 flOO 503.283 5,215,182 uoo 100 156,207 248,424 2,172,539 2,752,757 907,010 N o re cent les 100 100 100 255,229 28,283 426,113 286,195 8,071 72,867 118 175 200 255" N o re cent sa les 10,892,908 uoo 1,041.364 I 100 584,991 3,110,427 100 60,028 1,211,949 1100 100 \150 59,837 194,723 586,395 34,819 39,147 k 100 673,294 7,709,109 9,315,909 1,489,032 1,591,952 1,345,916 1,221,517 31,509 264,371 1,000,000 1.000.000 100,000 200.000 26,849.592 24,497,826 1,119,279 2.506,643 125 150 75 125 100 100 225 250 100 100 la Common.... Preferred t 8,170,689 j les State Institutions June 30 77,849 80,000 1 120,000 50,000 200.000 500,000 100,000 100,000 Common. State Savings Bank. Topeka State Bs Wiohlta— 100 500,000 500.000 cent Ik 100 Peoples Savings Bk.. o re sa 10 6,300,000 5,788,971 MOO 6,668,196 100 5,964,669 100 2,415,806 100 KANSAS 600,000 400,000 77.500 200,000 £ 1,424,530 1,342,395 1,008,173 Old National Bank— Common.. Preferred 305,000 261,210 409,484 246,387 100,356 150, OOC 50,000 c . 1,242,930 12,340,541 1,804,845 100 100 100 150.000 ....... 40 June 30 15,765,683 10,033,905 4,617,239 Leavenworth- . 500,000 100,000 150,000 146,700 100,000 412,242 144,577 109,000 1 91,000 100,000 Slvervlew State Bk. 100 40 Per I 100 200.000 75.000 . Franklin Bk & Tr Co 100 .100 291,391 5,129,991 alOO* Topeka— Nomi nal. Evansville— Oitlsens' Nat Bank.. Citizens Tr & Sav Bk 40,401,934 22,628 301,417 300.000 1 a National Banks 11,030,685 n 434.000 ........ . 156 Springfield— First National Bank. Illinois Nat Bank... 22,857,525 flOO [100 50 2,024,125 1 .... Preferred 35 442,349 290,425 307,919 69,873 sa Kansas Cityemm'l N Bk of 65 618,097 325,182 378,386 o 11,022,698 Nomi nal. Per share . Third Nat'l Bank... 100 150,000 250,000 c Rockford— Illinois Natl Bk & Tr Swedish-Am Nat Bk. i 125 125 2,708,510 Hutohinaon- Common 63 5,683,128 892,895 638,302 1,437,351 19,478,402 127,747 N . 17 100 3,704,916 J 820,063 ent 1,475,935 94,819 o25" al00 N 130,475 155,963 44,795 45,747 108,613 •••«•« 400.000 275,000 300,000 250,000 100.000 i 72 o 100 100 300.000 250.000 . Common Debentures Mercantile Tr & S Bk State St Bk & Tr Co 10,241,924 25,304.336 14,746,153 50 20 200,000 1 90,000 150,000 o 27,690,638 1,750.000 1,250,000 60,000 150,000 .... 170 824,946 1,082,229 1,452,052 2,000,000 660.000 First National Bank Jefferson Tr &Sav Bk 1,278.067 100 530 100 100 100 0 100 le 270 1,416,806 7,742.540 1,910,511 93,875 695,929 170,808 o 600.000 ... Amer Tr & Sav Bank i Bioux City— First National Bank 100 50 100 1,739,133 o re cent sa 100 550.000 450.000 150.000 Common.......!. Preferred 10(1 27 100 89,172 | N 20 100 500,000 500.000 First National Bank. 100 68,357 1,560,358 25 100 150.000 Preferred Gap City State Bank Cent Nat Bk & Tr Co 100 95 140 2,619,836 4,290,745 1,960,161 Oes Moines— Bankers Tr. CoCommon 100 85 130 22 275 63 260 161,367 185,767 „ 100 Davenport— University State Bk. Valley Sav Bank Dubuque— 100 50 100 2,959,785 28,993,662 4,824,219 1,075,329 64,000 36,000 100.000 Des MoineeBk&TrCo i 100 115,604 153,095 37,421 600,000 State Savings Bank. *22 share. 100 2,358,387 3,039,958 150.000 150.000 Conn Bluffs Sav Bk. 85 100 Ask 73,093 65,764 200,000 500,000 250,000 50,000 People's Sav Bank.. i United State Bank.. Council Bluffs— City National Bank. ElginElgin Nat'l Bank... Per 125,000 200.000 First National Bank. Common Preferred 100 100 100 50 Bid Par Burlington— Farmers & Merch S B i Nat Bk of Burlington Cedar Rapids— Guar Bk& Tr Co 142 105 100 27 125 55 185 Qross Deposits Nomi nal. 95 90 100 June 30 Surplus & Profits Capital Merchants Nat Bank 62 State Institutions IOWA June 30 Lawndale Nat Bank Liberty Nat'l Bank COMPANIES 150 i National Banks 101 June 30 110,000 1 90,000 100.000 3,984,461 f 62*1 173,867 a62^ 162*, 32,327 50 1,153,427 KENTUCKY State Institutions June 30 Fort Wayne— Lincoln Nat Bk & Tr Ft Wayne Nat Bank Common...... Preferred Dime Trust & Sav Bk Debentures 506,372 25,298 1,264.518 1,162,744 12,529,333 840,938 39,852 16.146,177 3,194,496 100 100 Indianapolis— Fletcher Trust Co— Common.... Debentures...... Indiana Trust Co... 250,000 550,000 150,000 jl,051,155 37,842,260 /100 90,750 180,066 385,713 191,695 105,259 2,790,204 4,608,000 10,426,402 4,784,140 5,047,296 Common Preferred... 240,000 250.000 184.548 5,822,810 Haute First Nat Bank— Common Preferred.. 750,000 250.000 4,931,915 5.540,231 10 334,434 87,411 6,661,894 1,669,419 60 10 265,627 2,898,706 100 76,608 1,481,560 1,145,357 12,076,731 3,059,157 2,333,427 3,640,956 75 100 100 125 100 15^ 14M» alO 268" 255 150 Bank of Commerce-. i Citizens Bk & Tr Co. 300,000 200.000 350.000 1.000.000 150.000 150,000 500.000 Preferred First Nat Bk & Tr Co Second Nat Bank... Ualon Bank & Tr Co Security Trust Co LouisvilleCitizens' Union N B. 220 235 1.000,000 2.000,000 1,000.000 Liberty Natl Bk & Tr il ,800,000 300,000 Security Bank KentuckyTltle Tr Co el.000.000 750.000 Lincoln Bank & Tr.. 100.000 Stock V ards Bank— Louisville Trust Co- *1.975.000 525.000 United States Tr Co. Fidelity & Oolum Tr. First National Bank. "57" 105 148 157 172' 185" 100 60 100 i i 375,190 251,691 230,000 305 70 325 3,105,683 1,731,001 2,630,585 386.484 142.295 1,053,451 666,295 129,724 722,584 105,663 American Nat Bank- 10 50 100 100 101 300 180 103*" 100 325 335 4H 10 190"* 263 59.636 ,932 1001 C262 9,488 ,177 100) 98 101 39,422 ,569 100 24,050 ,233 2H 3M 2,504 ,745 100 115 4,358 ,785 100 104 100 141 15,355 ,931 100 200 1,575 .941 10 8 16,676 ,945 7)4 36 1,483 ,856 100 1,656,560 5,901,855 136,018 100.000 505,630 100 100 1250 o cent sa les Sale price. a Pref. stock retirement price, c Citizens Union Fidelity unified certificates. d New stock. e Affiliated with the First National Bank of Louisville. h Member of Northwest Bancorporation. i Common and preferred stock or capital debentures outstanding. k Represents a conversion to the National bank system of the former Mercantile Trust & Savings Bank I Last sale. n 20 135 • N Terre 100,000 Newport Nat Bank-. 10 100 100 100 100 100 125 160 re 19,182,500 Nomi nal. Per share. 115 125 16 20 28 32 6 8 10 n Newport— 665.549 100 477,180 307,431 Lexington- , 349,000 500,000 745,750 250,000 200,000 First Nat Bk&Tr Co Peep-Lib Bk & Tr Co i OovlngtonTr&BkgOo i . 17,300,364 3,998,133 22,181,915 ........ les 200,000 20 1,000,000 11,417,025 38,562,851 r 10 725,000 1 io 100,000 o 121,582 100 2,335,111 4,000,000 7,591,365 128,271,658 100 i 200,000 198,351 1.177,583 100 50,000 25,303 914,764 100 i 65.000 11,105 530,747 100 1,250,000 2,319,770 33,143,747 100 i 300.000 71,346 2,129,666 100 424,939 500.000 3,329,337 100 i 282,000 156,934 4,753,401 100 1,151,761 74,599 2,642,807 City Nat Bk & Tr Co First Bank & Tr Co Merchants Nat Bank 8t Joseph Bk & Tr Co Terre Haute— Merchants NatBk.. re cent sa Oitlsens' Nat Bank.. Common 1,500,000 795,000 1,000,000 Security Trust Co... * 399,200 Union Trust Co..... 1.000.000 South BendAmerican Trust Co.. Covington— o 20 400,000 200,000 Gary Tr & Sav Bk_. People's State Bank. Bankers Trust Co.. Fidelity Trust Co.., 20 20 250,000 300,000 Gary— Gary State Bank—— Indiana Nat Bank-. Live Stock Ezch Bk. Madison Ave St Bk Marion Co State Bk. Merchants' Nat Bk. 16,254,977 380,000 People's Tr & Sav Co American Nat Bank. Common Class A preferred. Fountain Sq State Bk 100 N 400,000 l' - 0 March 29,1939. Ex dividend. of Chicago, 111., effective July 1, 1939. Dec. 31.1938. x < • ■ National Bank$ Surplus & Profits Capital Baton Rouge— City National Bank $ Common 300,000 240,000 Preferred Louisiana Nat Bank Common Preferred Now Orleans— 300,000 240.000 ...» J 530.284 j 570,734 June 30 June 30 Cross Nomi nal. Per share. $ 20 25 125 110 10,862.961 140 tio 1,000,000 750.000 1,500,000 1.200,000 __ 1.500.000 1.200,000 208,000 2.800.000 Whitney Nat Bank.. jl,792,115 | 899,769 } 966,286 36,157,957 /100 1100 52,940,754 J20 \20 22 f20 100 95 22 54,056,814 22% 1.000.000 1.000,000 22% ""24"" "30" 206,191 2,816,197 7,131,215 129,174,369 20 30,498,135 20,281,611 9,025,938 100 150 100 100 125 105 1,085,207 /' 700.000 848,625 355,352 400.000 291,822 6,962,695 558,431 6 8,216,923 3,673,151 100 101 427,500 800.000 75% 74% 25 ho" 110 Ask 100 230 324,783 100 77 600.000 904,974 6,596,928 100 160.000 120.000 290,000 247,772 100 rec 168,509 234,693 3,007,076 1,771,304 3,649,997 10 sa 200,000 300,000 977,366 199,675 6,184,521 2,109,263 100 10 6 276.000 345.000 257,352 7,497,096 50 60 — m Fltohburg— Safety Fund Nat Bk. Gloucester— Cape Ann Nat Bank. N Gloue Nat Bk ofGlou Glances s d & Tr Co O ent les 20 HaverhillHaverhill Nat Bank. Merrimack Nat Bank Ho 1 yokeHoly oke nat BankCommon Preferred Park National Bank Common Preferred Hadley Falls Tr Co. dl _ \20 Shreveport— First National Bank. Commercial Nat Bk. Oont'l-am BATrOo Fall River- ■ Amer Bk & Trust Co Common Preferred Hibernia National Bk Common Preferred Nat Bk of Commerce Common Preferred. Louisiana sb & t Co Bid Par Deposits Nomi nal. Per share. Fall River Nat Bank Durfee Trust Co Fall River Trust „ 10,4.33,665 fioo 1 80 Cross Surplus & Profits Capital Ask Bid Par Deposits $ - I N"TnlT' MASSACHUSETTS staVZTTn' State Institutions LOUISIANA June 30 105 TRUST COMPANIES AND BANKS Aug., 1939] 8 50 180,704 100,000 144,000 .400.000 60 2,742,108 /100 1100 272,279 6 9,715,950 20 600.000 433,764 25 "~'i% i i i • i i i i i * LawrenceBay BtateMerNat Bk Lowell— kppleton Nat-.. Bank. 6.528,756 ...... 25 300.000 523,307 3,937,795 10 15 20 1.000,000 715,059 11,157,165 25 22% 25% 200.000 190,000 138,736 3,113,331 50 200.000 376,884 3,087,711 576,012 5,525,869 601,431 b 3,911,265 751,609 b 9,352,926 100 Union Old Lowell National Banks MAINE June 30 Institutions State National Bank Lynn- June 30 Nomi nal. Per Augusta— First Nat Granite Bk d 825,000 701.725 Depositors' Trust Co Bangor— Merchants' Nat Bk. 1,000,000 Eastern Tr & Bkg Co Merrill Trust co— 8,611,975 9,890,930 200,000 250,935 1,001,348 100 9,272,392 7,462,462 438,885 727,170 share 100 35 33 25 Common 600,000 500.000 j 605,691 13,279,978 cent 8a / 20 o re Preferred N 100 les Central Nat Bank— Common Essex Trust Co 600,000 200.000 Nat Bk of Commerce 400,000 Preferred b Salem 100 100 105 25 24 27 n J 799,706 40 29 40 32 12,568,721 / 50 70 78 20 1 45 50 State 381,367 Common. 600,000 11,200,378 800,000 Preferred d Canton Nat Bank.. d Carrollton Bk of Bait 6,076,628 Taunton 38,494,054 4 10 I10 6 Oommonw'lth Bank. First National Bank. Nat Cent Bk of Bait- * Nat Marine Bank... Western Nat Bank.. Colonial Trust Co 400,000 600,000 750,000 400,000 Equitable Trust Co. Fidelity Trust Co... Maryland Trust Co 2,000,000 1.000.000 21 24 120 50 362,400 10,465,900 169,271 3,864,473 268,431 1,666,738 209,902 872,669 6,661,507 183,614,222 519,551 6,516,937 803,141 5,511,752 554,754 13,051,627 139,767 2,034,164 1,325,075 38,-±69,557 1,170,042 19,562,946 370,000 287,500 80.000 300,000 4,000,000 1,000,000 11,344,942 1,600,000 1,500,000 3,893,674 600,000 280,334 2,000.000 4,571,315 1,699,854 3,000,000 Capital notes Mercantile Tr Co... Real Estate Tr Co.. Safe Dep & Trust Co Union Trust Co "70"~ "85"" 100 50 10 k d 10 10 100 30 20 25 100 25 4 58% 100,000 1 99,500 500,000 ... Capital notes Second Nat Bank... Common 150,000 Capital notes 291,000 Citizens' Nat Bank.. 100,000 125.000 Farm & Mech n Bk. 16 24 15% 18 69 72 40,686,667 L?° 50 25,128,622 1,53/,486 41,357,142 42,595,825 13 14% ~260" 268"" 100 60 100 10 535 550 8% 9% 100 110 77,815 1,612,679 125 30 31 202,101 6.837,739 50 120 125 15 16 4,070,570 {." 100 25 5,045,635 5,352,350 Common 100,000 48,300 150,000 150.000 Preferred ) 119,497 1,794,036 100 10 75 NIcodemus Nat Bk_. d Second Nat Bank Hagerstown Trust Co 90,000 387.000 200,000 150,000 105,847 1,731,245 5,955.242 3,998,369 2,043,967 10 256,103 253,773 79,716 June 30 c25 190 195 7 8 o 100 cent 10 les 10 600,000 300,000 1,109,049 259,543 15,341,544 5,195,747 100 12,003,056 633,892,565 f 10 j Guaranty Bk & t Co Worcester Co Common Merchants' Nat Bk. Nat Rock Bk of Bob Nat Shawmut Bank. Second Nat BankWeb & Atlas n Bk.. Boston s Dep & Tr. Columbia Trust Co. Day Trust Co Fiduciary TrustCo.. New Eng Trust Co.. Old Colony Trust Co Pilgrim Trust Co State Street Tr Co.. u s Trust co— Common Convertible pref.. WInthrop Trust Co.. Class A 1,000,000 2.000 000 National Banks MASSACHUSETTS ATomi nal. Per share. 27,812,500 52,510,806 718,323,926 12 44% 47% 3.000,000 10i 5,678,397 375 99,638,184 1,500,000 2,863,608 33,739,044 20 65 "70"" 10.000,000 20,876,634 200,175,867 12% 24% 26% 25 2,000,000 4,779,382 140 92,639,059 148 50 1,000.000 464,934 12,887,347 43% 48% 100 a295 2,000,000 4,066,163 36,838,574 100.000 100 241,072 2,333,115 50 1,250,000 1,798,935 14,283,637 d 500.000 50 672,507 1,798,280 50 o400 1,000,000 3,390,872 33,539,416 None 15.000,000 s5,277,737 110 400,000 434,000 8,047,825 100 170" 185 3.890.000 100 6:857,338 80,801,477 270 & 2,557,500 100 300.000 100.000 4,164,028 61,694,032 100 100 \ 10 11% 13% 307,860 94,985 Brockton Nat Bank. Cambridge— Cambridge Trust Co County Bk a Tr Co. Harvard Trust Co Everett— Middlesex Co Nat Bk 600,000 500.000 150.000 300,000 1.000.000 600.000 7,986,240 7,201,459 Nomi nal. Per share. ' 712,353 66,908,971 514,653 4,604,183 1,179,199 621,169,007 100 10 761,2181 100 N 900,000 991,325 9,683,289 20 sa 1,981,151 658,187,872 50 Common Preferred Mfrs National Bank- Michigan Ind Bank 425 16 19 72% 74 10 56 "95" 7.500,000 9,500,000 Common Preferred J13974797 44 45 24% 427,943,781 26 United Savings Bank Common Preferred 750,000 11,127,388 500,000 1,200,000 419,049 500,000 396,001 22,723,474 12,085,068 g 440,869 {Jo° ----- "14" "io Equitable Trust Co309,660 1 226.340 47,105 g 1,721,468 f 1 10 19 Detroit Trust co— Common Preferred Highland Park Trust un Guardian Tr Co. Flint— 2.090,000 11,630,308 013,772,020 J 20 950,000 1 20 100 98,991 g 324,331 150,000 500,000 689,828 g 5,051,012 100 Olt Com 8c 8avs Bk. dl,000,000 Genessee Co Savs Bk 1,000.000 250,000 i 400,000 250,000 42 24 26 28 25 25 23 22 24 20 18 20 1,942,020 20 10 15 20 25 1 20 J 624,653 20 20 20 11,287,432 | 106,167 500,000 180,000 400,000 40 20,942,970 9,237,089 3,074,527 5,346,882 828,391 365,439 77,511 421,405 20 28 23 Rapids- Preferred 605,116 1,000,000 12,360,970 1,375,000 Preferred Grand Rapids Tr Co. d 400,000 136,619 250,000 393,887 Union Bank of Mich. 1.200.00U Michigan Trust Co.. 676,911 Saginaw209,773 Saginaw State Bank- d 357,000 Second Nat Bank & 1,250,000 2,440,075 Tr Co 47,463,818 10 19 20 1 10 30 10 32 15 8,696,449 Peoples Nat Bank— Old Kent Bank— Common I g g . 10 20 8 12 50 20 22 20 14 16 7,500,882 20 23 27,982,729 100 1,035,633 2,350,120 2,902,054 * Sale a 2 1250 Stock has to be offered to board of directors. price. b Includes savings deposits. Retirement price. outstanding. / Convertible pref. stock entitled in liquidation to $20 a share. Trust balances. Dec. 31, 1938. I Last Sale. Bank of Worcester, Mass. on July 7, 1939 retired its outstanding preferred stock ($375,000) and increased its common h The Mechanics National stock by n 20% stock dividend Preference B stock or of the $100,000. Bank, Portland, Me. capital stock on Aug. 1,1939 Portland National called for payment or conversion into common s 10,659,861 115 Nat Bank of Detroit- i 400 108 54 1,800,000 13,375,829 145,917,021 1 20 1 20 3,610,000 50 "85"" 3,000,000 5,125,525 134,685,810 100 100,000 36,511 434,819 k Units. 152 les Detroit— Commonwealth Bank d3,800,000 Detroit Bank g 160 160 o re cent C 50 20 100 400.000 2,308,340 6,217,773 d Common and preferred stock or capital notes / 20 638,437 424,210 June 30 13 Brockton— Home Nat Bank 8 State Institutions 15 Beverly— Beverly Nat Bank.. Beverly Trust Co 16 69,999 364,729 300,000 Nat Bk of Grand Rap Common i 10 10 Bay City- Central Bank 13,532.176 125 18 10 MICHIGAN Bay City Bank Natl bk of Bay City People's Commercial & Savings Bank d Grand 700,000 11,139,973 450,000 100.000 73,665 25 25 Tr Co _»....__ Merch & Mech Bank Boston— First National Bank. 66 100 Nat Bank of Flint National Banks 61 30 2,226,790 4,670,033 Preferred 115 Hagerstown— Farmers & Merc Bk_ 10% 310 58 25 25 263,028 321,153 Bankers Trust Co... 70 115 4,214,422 1,498,526 8% 100 800.000 Common 412,545 208,647 50 10 15,259,867 30,190,208 15,085,244 14,701,952 2,358,838 200,000 Worcester— Mechanics Nat Bank Wabeek State Bank. Frederick Co Nat Bk Fr'k Town Sav Inst. West Maryland Tr__ 8 — June 30 100 934,181 508,647 36 32% 5,997,678 J 118,851 i 6 Liberty Trust co— Frederick— • 10 Bristol County Tr... 59% Peoples Bank— Common i 10 I 742,130 3,313,711 1,415,092 1,939,954 101,627 f Machinists' Nat Bk. 75 42 199,634 394,000 6,480,777 i 50 948,922 i ii * 2 Cumberland— First Nat Bank 3,107,833 1.500.000 1,000.000 1.000.000 194.250 - Common 128,538 250,000 200,000 ... WestSpringfield Tr. Baltimore Nat Bank Calvert Bank 100 Springfield— Soringfield Nat Bank dl ,800.000 Union Trust co Institutions June 30 Nomi nal. Per share. 500,000 1,858,227 i ) ii ii ii ii - Third NatB kTOo.. Baltimore— Bait Oomm'l Bank. 75,397 250.000 Naumkeag Tr CoCommon. MARYLAND June 30 48% 50 7,068,202 20 9,640,541 5,886,592 12% 200,000 500,000 Springfield s 1) & Tr. National Lanks 100 20 350,000 Merchants Nat Bank Preferred 500,000 75,000 ... 100 237,732 765,000 500,983 718,000 .. 9,226,518 4,338,948 5,175,863 7,797,033 476,489 204,4,78 253,401 358,436 400,000 Portland Nat Bank— Common 400.000 102 235 350 Peabody— Warren Nat Bank Casco Bk & Tr Co... First National Bank. 9 50 250,000 100,000 Lynn s Dep & Tr Co Security Trust Co.. New Bedford— First National Bank Merchants Nat Bk.. Safe Deposit Nat Bk 1 20 Portland— Canal National Bank ' ... Preferred Manufac'rs Nat Bk. March 29, 1939. t Affiliate of First National Bank of Boston. 106 BANKS National Banks June 30 MINNESOTA Capital Duluth— City National Bank Duluth Nat'l Bk Jfc First A Amer Nat Bk State Institutions June 30 National Banks June 30 Par Deposits Bid Ask Nam inal. Per share. 36,710 332,830 41,712 1,291,333 600.000 200,000 2,000,000 851,348 7,186.621 100 100 1,971,528 31,108,531 50 100 Western Nat Bank.. * 6,505,059 11,690,331 1,059,897 919,227 264,952 400,000 1,000,000 . Northern Nat Bank. Pioneer Nat Bank... 494,309 46,511 18,925 100,000 100.000 N cent sa 100 o les 100 100 66*3 6 Hennepin State Bank 6 Marquette Nat Bank k 2d N'west'n State.. Third N'west'n N Bk 4th Northwest Nat'l. 125.000 85,600 / University State Bk. Roohester— First National BankUnion Nat Bank St. Paul— Ohlppewa Trust Co. k ■aston-Taylor Tr Co Jfc Llndell Trust Co 200,000 125,000 135,628 62.202 983,912 418,778 79,464 First National Bank. 06,000,000 First State Bank 0 100,000 7,599,271 119,602 238,971 211,827 100 85 100 25 share. 120 "28" 27 80 82 6 20 36 100 131 132 4H n JX 26 25 ^ 100 20 50 ~26~" 100 175 Springfield— Jfc Jfc 290,000 592,500 100,000 Southern Missouri Tr k 19,825 423,257 107,118 2,700,907 10,163,811 2,426,172 100 100 100 10 9H e National Banks State Institutions MONTANA June 30 June 30 Nomt nal. Billings- 100 28,260,823 4,629,392 100 2,121,606 100 128,582,238 0100 2,207,314 100 100 8,284.437 5,720,402 elOO 303,265 100 20 100 20 352,034 5,960,568 3,017,316 102,144,682 26,757 2,9 >7,210 328,657 4,237,848 224,243 2,879,004 340.000 300,000 100,000 Union Nat Bank 5,321,682 0100 1,879,749 100 American Nat Bank. Jfcl .688,000 Commercial State Bk k 150.000 Drov Exch State Bank ok 200,000 Ask Bid Par Per Nat'l Bank. Oftisens' Bank 1,457,146 1,121,624 e 1,711,503 elOO 2,834,087 elOO 1,208,004 43,751 Cross Deposits 205,698 4,660,753 900,289 15,385,072 361,826 9,164,513 21,073 3,160,684 40,212 3,283,381 260,178 5,911,664 6,391,891 174,724,269 250,000 400,000 Merc Com BAT Co- 10,000,000 Mercan tile-Com¬ l™. 41.201 16,020 138,616 146,902 100,000 50.000 100.000 $ 500,000 1,000.000 1.000,000 North St Louis Tr Co WebsterGroves Tr.. 100,000 369,000 Midland NatBk A Tr k 974,375 Minnehaha Nat Bk. 6 100,000 N'western Nat BAT Common 5,000,000 14,248,582 123,719,768 flOO Preferred 1,500,000 Produce State Bank. St. Louis (Concl.) 350,000 Miss Val Trust Co.. 6.000,000 Mound City Tr Co Jfc 243,759 119,907 2,370,240 5100 43,924 1,859,030 e 38,329 1,779,362 el 00 7,796,079 145,818,812 6 20 31,302 913,855 100 321,844 6,086,980 100 566,330 16,958,776 el 00 44,788 1,936,330 6100 100,000 Central Nat Bank k 140.000 Fifth No'west'n N B_ e 100,000 First Nat Bk A Tr Co 66,000,000 Surplus & Profits Nomi nal. merce Minneapolis— Blooming'n-Lake NB State Institutions June 30 MISSOURI Capital Telegraphers Nat Bk Tower Gr Bk A TrCo United Bk A Tr Oe._ re Minnesota Nat Bank of Duluth COMPANIES TRUST Cross Surplus & Profits $ 100,000 Bank of Comm A Say AND Per Midland Nat BankMontana Nat Bank. Sec Tr A 8ars Bank. 200,000 222,223 183,032 210,649 150.000 share. 4,804,139 0100 2,864.578 100 3,026,530 100 4,897,538 1100 No re cent sa les 100.000 o EmpireNatBkATrOo ek 455,000 Stock Yards Nat Bk. * 300,000 Midway Nat Bank— Common 100.000 1 Preferred 143,000 First Trust Co. 01,000,000 First National Bank. Miners NatBk Metals Bk A Tr Co. 10 e 10^ 300,000 100,000 600.000 941,067 43,027 593,369 600,000 286,341 9,009,932 0100 250,000 230,000 195,733 7,463,064 /100 RAIatiiUm First Nat BkATr Co Common Preferred 477,053 National 0100 MISSISSIPPI Institutions June 30* Jaokson 636,730 7,947,714 Oommerc'l Bk&TrCo Depos Gu Bk A TrCo k Jackson-State N Bk. Jfc 17,809 591,475 504,745 877,198 11,458,112 7,714,970 .Meridian— Citizens Nat Bank.. fc First National Bank. Jfc Mer A Farmers Bank Jfc 260,000 332,500 238,000 124,424 202,408 59,681 Banks 600,000 300,000 _263,067j 308,7481 share. 50 130 )40 60 312,500 290,000 935,000 300,000 e 10 140 160 Live Stock Nat Bank 100 125 150 80 85 50 68 70 4,220,181 50 51 54 5,716,537 8 5,148,178 100 20,250,405 10,374,452 100 100 1,215,634 694,862 26,185,917 12,531,830 20 100 160 Jl,744,618 44,485,833 100 190 1214 Common Preferred Packers' Nat Bank: Common 117.000 83,000 50,000 South Omaha Sav Bk 125 150 State Institutions Per First National Bank. Inter-State Nat Bank Linwood State Bank. Merchants Bank 500.000 100,000 200.000 City Nat Bk & Tr Co Columbia Nat BankCommerce Trust Co Community State Bk 68,531 2,120,078 1,947,229 30,054,800 154,412 6,993,750 5,196,369 173,646,494 63,781 1,242,514 4,862,019 125,943,654 1,445,435 21,977,553 80.152 1,721,000 203,787 3,334,659 100 200,000 I 194.000 Capital notes 334,378 100 305 100,000 100,000 50,000 200,000 100,000 100,000 Preferred Park National Bank. Plaza Bank of Comm Produce Exch Bank. Boutheast State Bk.. 61,069 South Side Bank- Common 100 70 100 138 100 70 80 147 90 100 445 465 100 100 7,732,815 1,177,502 25,583,026 200 100 1,715,693 3,006,955 2,680,355 1,386,440 mm 100 130 m mm 100 mmm "95 "65 277,216 550.000 154,827 1,000,000 1,000,000 718,164 26,491,810 J10 \ 15 9 100,000 227,772 18,865 191,512 1,484,625 923,659 2,024,372 100 100 150 75 100 75 8,517,936 62 X 226,262 277,917 434,099 166,095 107,649 267,917 142,704 68,957 100 — Burnes Nat Bank.. First National Bank First Trust Co First StJoaSt'kYdsBI Tootle-Lacy Nat Bk Empire Trust Co Missouri Vail Tr Co. St. Louis— 200.000 129.000 Amer Exch Nat Bank Common 107,500 92.500 235,000 Boatmen's Nat Bk.. 2.000.000 Bremen Bk A Tr Co. 400,000 Cass Bk & Tr Co 300,000 First Nat Bank 10,200,000 Industrial Bk&TrCo 750.000 c 72,785 Preferred........ k Jefferson Bk & T Co- 225 200 Plaza Bank (The) Sec Nat Bk SavsATr — 200.000 I 100,000 600.000 50,000 1 50,000 State Institutions June 30 200,000 931,085 Manchester Nat Bk. 150,000 200.000 602,565 285,893 Nashua— Indian Head Nat Bk Jfc k Nashua Trust Co 200,000 400.000 522,053 592,462 SecondNat of Nashua Jfc 600,000 551,946 — 5,926,159 3,217,288 4,260,564 . 6,169,9.53 5,991,396 6,610,297 100 100 N 0 re cent 100 sa les 100 100 100 0 re cent 100 sa les 97,066 3,316,165 /100 39,341 1,309,500 Banks NEW JERSEY June 30 Institutions State June 30 Nomi nal. N ■ Per 713,939 400,000 5,905,270 100 Share. 150 Bankers Trust Co— o 253,365 1,286,000 (100 I 10 10 4,890,646 225,000 1,184,565 j 149,552 1,474,118 nno I io 120,000 344,000 500.000 Common re cent les Preferred Guarantee Bk&Tr Co | 126,000 a3d" 3H Equitable Trust Co— Common Preferred 4 75 6 20 15 100 3234 100 90 100 _ 3734 7534 Asbury Park— Asbury PkNatBk ATr Jfc Asbury Park & Ocean 33 X 95 "3834 580.500 222,616 5,657,864 100 55 65 2,901,235 972,253 10 5 10 Seacoast Trust Co. 169,837 113,651 5 3 4 Bayonne— Broadway Nat Bk _. Jfc Bayonne Trust Oo_- 200,000 400,000 43,435 406,451 1,866,366 10,009,956 50 3,466,239 /100 60 I.Ill 6,869,414 15 "75" Retirement price. 6 First National Group. ----- c Dec. 31, 1938. d Owned 1,012,893 [100 1100 100 76*4 a 78,884 X 300,000 100,000 Grove Bank 100 144,793 36,832 N 100 1 75,000 200.000 Atlantic City— 100 20 250,()00 Oommon New Hsmp Nat Bk Boardwalk Nat Bank 100 17 90 100 sa 20 140 Portsmouth— mmmmm 100 [20 300 135 80 11 100 2,283,985 280 alOO" e ' by the Transamerica Corp.. San Francisco, Calif. Member of Northwest Bancorporation. /March 29. 1939. 600,000 500,000 500,000 720,000 200,000 350,000 Southern Oommerc'l & Savs Bank 421,000 South Side Nat Bk 400.000 28.639,322 714,862 Nomi nal. Per share Atnoskeag Nat Bank National \20 Bank No'western Nat Bk. 16,702 NEW HAMPSHIRE Preferred 55 s 7,679,533 45,862 2,263.409 323,172 205,290 8,561,037 387,133 Lemay Ferry Bank— Manchester Bank— Mutual Bk & Tr Co.- Banks June 30 First National Bank. - ~ 100 600,000 100.000 250,000 200,000 65 50 - 100 .... National 1,241,612 150 100,000 200,000 200.000 A Trust Co 600,000 100,000 mmmmm 120 100 American Nat Bank Preferred Manufacturers 100 , Security National Bk Merchants Nat Bank 115 400,000 100.000 Common 100 1100 170 1,590,046 /100 West port Ave Bank. Dt. Joseph— Capital notes..... Jeff-Gravois Bank Reno— First Nat Bk of Nev Jd 225 639,941 J100 1100 6,631,621 100 University Bank Common 25 NEVADA June 30 135" 100 25,208 ... Baden Bank • 100 310 100 50,000 50,000 Preferred Stock Yards Nat Bk. Traders' Gate City Nat'l Bank k Union Nat BankCommon Preferred Union Av Bk of Com 100 940,354 | 138,954 National Banks share. 1100 31,763 89,402 110,611 50,998 200 340" 100 9,102,673 39 37 Manchester— Missouri Bk A Tr Co Common 260 107 Merc Home Bk A Tr Common 2,577,873 44,142 380.000 270,000 e U 8 Nat Bank Nomi nal. 100,000 600,000 500,000 6,000.000 100,000 2.000,000 48,286 j June 30 Kansas City— Baltimore Bank 165 240 100 el.100.000 Preferred MISSOURI "156" Stock Yards Nat Bk Common June 30 a! 6o" 100 Omaha Nat Bank— 100 549,678 841,289 1,500.000 500.000 10 100 J 245,104 100 1.500.000 450,000 First National Bank. Nat Bk of Commerce Omaha— First Nat Bank 10,766,292 Preferred National Banks Institutions June 30 Per share. Continental NatBk— Common..... Preferred 3,476,645 3,239,946 ' State NEBRASKA Nomi nal. Vicksburg— First Nat ATr Co... Jt Mercb NatBkATr Co 1100 Lincoln- Per 300.000 1 100,000 50,000 736,400 297,000 Preferred les 0— State Nomi nal. Capital National BkCommon cent 100 Union Bk A Tr Co— June 30 June 30 100 1100 ... National Banks 12,489,535 1,255,405 12,824,503 589,669 203,168 3 261,905 o47,094 153,821 2 20 21 1 20 24 743,475 5 100 130 27 150 20 100 ) 50 20 15 82 34 '49 17 85 51 q Member First Bank Stock Corp. k Preferred stock and common scock or capital debentures outstanding. I Last sale. n Price represent applicable to 100,000 shares of beneficial interest, which in turn 3,500 shares of $100 par stock of the Mercantile-Commerce held by the trustees, National Bank of St. Louis, Mo., 64,462 217,697 2 10C 9 2C 50 19 o American National Bank of St. Paul affiliate. s Member of the ..... Guardian Detroit Union Group Inc., Detroit, Mich. \ BANKS Aug., 1939] National Banks 107 COMPANIES State institutions National Banks June 30 NEW JERSEY June 30 TRUST AND June 30 * Surplus & Profits Capital Surplus & Profits Cross Ask Bid Par Deposits State Institutions NEW YORK Capital June 30 Cross Deposits Par Bid Nomi nal. Bridgeton— $ $ Bridgeton Nat Bank. Cumberland Nat Bk_ * Farm & Mer Nat Bk. Jfc Jfc Oamden— PlrstOamN atB&TOo 42,177,891 Merchantville Nat'l Bank & Trust Co. d 222,500 Oamden Trust Co... d2.734,750 Bast OrangeAmpere Bank & TrCo 2,154,512 4,885,569 1,539,099 share. 30 70 9 25 65 100 100 20 8 31* 45* 1,272,746 35,619,888 2 1 60,280 Bar Inv A Trust Co: J 308,027 70,311 178,324 33,993 364,806 353,498 Central Home Tr Co 4 600.000 Elisabeth Trust Oo__ 4 805,858 Union County Tr Co 41,114,345 Hoboken— Seaboard Trust Co.. 500.000 382,846 18,407.181 20 25 12 40 2 15 2,725.861 4 3 Jersey City— First National Bank. 2,225.000 1,438,625 Franklin Nat Bank. 4 200.000 89,636 Hudson Co Nat Bk— Common 1,250,000 I 327,177 Preferred 1.500.000 j 97,100 Bergen Trust Co.... 100,000 Commercial Tr N J 3.400,000 3,223,057 North Bergen Tr Co. 22,094 100.000 Trust Co of N J— . _. Common 600.000 4.000,000 Preferred A Jl,345,844 48,494,055 3,544,368 51 48 3 100 6 _ ..... r30 10 24 25 25 35 16,817 230.000 Morristown Trust Co Mt. HollyUnion Nat Bk&TrOo Farmers' Trust Co. Newark— Bank of Commerce c 447,085 113,489 200,000 100.000 Clinton Trust Co Columbus Trust Co. Federal Trust Co. Fidelity UnTrOo... Merch & Newark Tr. Union National Bk.. 600,000 1,022,425 Nat'l Bank ofN J... 4 Peoples Nat Bk..... 1 ... 100,000 42,750 100 14 Ghemung Can Tr Co Elmira Bk & Tr Co.. 800,000 800,000 525 19 10 10 8 2 20 10 6 ¥ 225* 16 25 50 25 25 b 10,258,528 6,423,454 !§"" 17~" 10 12 N 25 o re cent 100 Jes 10 r30" 10 , 100 50 500.000 d 32,608 [ r50 1,448,200 11.609,074 4,280,836 8.975,556 26,359,084 1,529,165 20 2,150,790 411,520 247.500 7,145 128,502 56,275 533,709 53,387 First National Bk— Common.. 558,393 680.000 1 Preferred.. 580,000 Haledon Nat Bank.. 4 100,000 49,065 Nat Un Bk of America 4 293,000 58,501 Paterson Nat Bank 600,000 1,310,243 838,248 Second Nat Bank... 1,600,000 Paterson Say Inst 4.000,000 k2,062,517 ... ... 3 IX 10 100 175 10 7 *9~"' 25 2X 30 100,000 45,000 J 486,632 PreferredHamilton Trust Co.. 4 V S Trust CoCommon 600,000 1 694.000 575.001 g 600,000 750.000 12,548.577 65 25 6 r20 5 8,102,230 3.958.745 4.885,021 5 100 25 100 20 300 350 15 <50 N 108.392 500,239 540,072 New York City— Deposits N ew York Ci are of July 27, 1939. Sur plus and p 1939 for June 30. for National and of banks and tr ust companies in New Yo found in our "Bai Iway" Secti on, pages 2 30,549,441 5,625,337 25 a 4,228,609 5,621,980 1.164,109 16.535.533 4.018.577 Amalg Bank of N Y. 0 re cent sa 168 100 100 ty banks are repo rted net 25 N 100 100 re cent 2,302,282 20 13,286,553 16.886,461 29,852.789 50 50 25 / 50 1 sa 0 les 3,188,762 | 510,094 City Bank and 537,038 2,545,605 59,801 e 71,507 1,500,000 1.236,899 41.874,000 k 363,440 200,000 200,000 207. 206, 02,203,204 205, 10.000.000 14,625,009 100 "409"" 419"" 100 10 17 I85* 66*3 40 45 315* 335* 178 738 1860 172 700 1820 — _ — — - 100 l05~" 40 44 125* 25 265* \2X 12 10 10 12 17 X 295* 315* ~~25X 275* 175* UX 14 500.000 825.000 2,000,000 Federatic n Bk& Tr Co Pal ton Tr^t Co.... 75 30 30 35 - ioo" «• — _ — 35 "45"" "50"" 4 11 125* 145* 57 58 100 ""111* "125* . 100 100 195 210 Common Convertible pref— 32.998.440 9.228.520 |45129357 "265"" 275"" 1 « fiH fi—1 "125* ~~28~~ ICO r-4 1 415* 395* 525* 545* 45* 45* 1115* 1145* 735,645,748 9,271,801 115,106,395 New York Trust Oo 12.500.000 27,920,385 398,574,226 Pan American Tr Oo 600.000 164,929 5,354.564 Savings Banks Tr Co <229,997,000 6,362,900 143,613,900 160 fi 000.000 ------ Title Guar & Tr Co— r 12X Common Debenture notes.. 25 30 40 100 15 20 35* 50 45 10 1 2,497,391 6,000,000 7,225.865 Underwriters Tr Oo. U 8 Trust Oo of N Y Jamaica. L. I.— Jamaica Nat Bank.. d 100 10 100 55* 45* 985* 1015* 485* 505* Mfrs Trust Oo: 60 — - 10 16,618,575 flOO \ 50 —— ""545* "565* 63,283,812 407,400 31,700 3,560,778 66,491,346 593,800 309,800 1,126,614 10,936,198 2,836.136 22,434,122 1.483,736 13,641,180 182 957601 1898035302 409,545 3,418,970 53,061,484 650,918,898 1,701,875 21,081,442 1.927.883 37,822,627 500.000 3.500,000 70 — 25 112b 15,954.200 47,872,276 1,036,116 1,256,813 21,950.232 22,495,030 30/39 Farmers' Co 12 55 — Trenton— Broad St Nat Bank. 41.000.000 First-Mech Nat Bk. 43,145,000 June date Cent Han Bk&Tr Co 21,000.000 71,802,346 1000272316 Chemical Bk & Tr Co 20,000,000 56,010,855 646,826,916 1.000,000 90.000.000 Hellenic Bk & Tr Co. 1,000,000 Irving Trust Co 50.000.000 Schroder Trust Co.. 1.000.000 Lawyers Tr Co..... 2.000.000 8,550,939 / 247,074 of Trust co. returns date June 30. 1939 Bk of Athens Tr Co. 170.400 3,781,200 600,000 Banco di Nap Tr Co. 671,716 14,822,837 1.000.000 B'kof Montreal Tr Co 651,400 240,500 1.000,000 Bankers Trust Co.. 25.000.000 80,095,403 1099948475 Bronx County Tr Co d2,642,500 257,500 21,983,108 Fiduciary T» oat Co. Guaranty Tr, st Co. 50 133,283 are n6,701,600 Bank of New York— 6,000,000 13.782,460 190,122,000 Bk of the Manhat Co 20.000.000 26,296,674 502.406,000 Bank of Yorktown.. 777,749 n 6,949,318 1.000,000 Chase Nat Bank.... 100,270.000 131089440 2475096000 Oomm'l Nat Bk & Tr 7,000.000 8,418,152 95,026,000 Fifth Aye Bank.—.. 500,000 3,890,256 53,109.000 First National Bank. 10,000,000 109 782839 568.518.000 Grace Nat Bk of N.Y 1.500,000 2,084,733 n32.404.537 Merchants Bk of N.Y 267,400 n 5,393,500 400,000 Nat Bronx Bank.. 290.100 n 9,507.300 d 775,000 National City Bank. 77,500.000 60,670,186 1988838000 985,700 nl7,721,047 NatSafetyBk& Tr Co dl.014,300 Penn Exchange Bank 280,659 n 2,921,430 d500,000 Public Nat Bk&TrOo 7,000.000 9,461,694 134,692,000 Schroder Bkg Corp 6.000.000 e2,505,343 e24.776,113 Sterling Nat B & T. 1,500,000 1,769,056 n28,855,231 Trade Bank of N Y__ d 400,000 336,537 n 7,176,328 Corporation Trust Co Empire Trust Co Equitable Trust Co 100 13,631,307 flOO \ 60 190 1.296,765 6,182.537 rofits State banks, a di Hdend record rk City and Broo klyn m ay be 20.700 650.000 Trust Co of Nor Am. d Preferred.. 386,334 75,000 Kingston— First NBk of Rondout Nat'l Ulster County Bank of Kingston. Rondout Nat Bank. State of N Y Nat Bk Trust Citizens Trust CoCommon 100 650,000 Marine Midi Tr Oo.. .... 4.717,238 9,379.669 _Ithaca— First National Bank. Tompkins Co Tr Co. Jamestown— Clinton Trust Co..? d 725,000 432,300 9,003,400 Colonial Trust Co... 499,228 8.817,558 1,000,000 Continental Bk&Tr. 64,382,214 4.000,000 4,359,811 Corn Ex Bk & Tr Co 15.000,000 20,482,861 309,995,362 Prospect Pk Nat Bk Common 133,277 522,652 60 57 16 40 50 2,134,104 I 34,662 288,857 142,324 355,350 1,037,135 20,415 . 20 m 56 500 25 h 16 3H 100 e 11,331,419 15,757.847 10 100 52 1,317,419 Plainfield— First National Bk 4 264.927 Plainfield Nat Bank. 425,000 Mid-Otty Trust Co.. 4 100,000 Plainfield Trust Co. 41,150,000 1,974.894 1,014,704 85* 25 4H 100 16 25* 8 45 29,497 1,000,000 People's Bk & Tr Oo. 18,877.626 L2 4 5 262,900 8,118,400 1,018,788 13,653,602 2,000,000 28.805.337 103,629,283 750,000 1,000,000 80 >1625 "90*" 1675 3.514,500 100 359,900) 50 45* 18 25 50 2 Woodbury— & 23 13 UX <32 t. 799,039 100 100 25 4,829,734 Passaic N Bk&Tr Co 42,250.000 Farm 10 7,912,476 7,671.638 156,822.036 <8.000,000 2,021,731 1,186,121 4,085,224 6,660,056 100 250,655 J 52 78 1600 7 134,954 Passaic— Trenton Trust Co 10 440,284 100 100.000 Prospect Natl BankSecurity Nat Bank.. Trenton Banking Co 10 2.266,558 94,168,436 200.000 150 50 1.942,552 . _ 50.691,690 161,074 200.000 5,000.000 250,000 150,000 150,000 550,000 125 50 3,113,657 1,571,247 J 132,816 Com-Mer Tr Un 1,000,000 Gutt'b g Bk & Tr Co lOO.OUO Weehawken Tr Co 400.000 Huds Tr Co Un City. 41,995,000 Woodcliff Trust Co.. 4 145.000 Preferred ! 798,224 172,423 472,090 15 142.590 Guttenberg State Trust Co.. Paterson— 2,200,000 [2,944,606 2,500.000 Debentures Lincoln-E Side N Bk Mfrs & Trad Tr Co. Marine Trust Co.... Elmira— 400.000 Nat Bk of W N Y Common. Preferred Hamilton Nat Bank of Weehawken Liberty National Bk 100 45 50 Union Trust Co 25 10 50 7,309,790 6,409,251 1,629,289 8,747,805 sa ... 75 100 73 100 1560 200,000 500,000 150 ' Preferred 471.273 North & West Hu dson— IstNat Bk of Un City 4 289,283 "4X 100 33b 100 100 The First Nat Bank. Nat Chautauq Co Bk 100 New Brunsw TrCo— Common 3,350.100 4,093.700 9,299.800 372,500 6,050,800 5,738,034 119,038,508 6,442.826 52,466.235 50 245,000 1,434,729 9,831,478 7,114,237 1,251,452 426,301 449,828 867,500 300.000 3.409,345 4X 1939 30. 250,000 50 2,707,384 122.837 Jfc United States Tr Co. West Side Trust Co. New Brunswick date June 30, 1939 3,490,500 Debentures "A" Debentures "B"__ Nat Newark & Essex 3.000.000 600.000 4 526.980 304.000 1.622.600 47.250.000 2.600,000 336.300 ns Common 1,433,843 43,748,194 2,076,860 27,231,721 597,330 3,147,606 99,164 2.038,608 1,147,905 34,212,739 8,153,648 148.188,834 1,581,288 18,196,831 152,298 3,105,289 573,612 4,420,784 426,917 10,284,274 600,000 884.000 176,700 102,484 78,700 371,000 245,000 1 r 4 47,310 390,393 14.741 150,000 ... Banking Co.. National State Bank , Kingston Trust Co- Newark Lincoln Nat Bank Franklin Wash Tr Co Mt Prospect Nat Bk. banks June National ♦250 50 t 5 5* 52,614,472 393,239 360,364 25,346 810,845 500,000 592,688 200,000 600,000 100 100 Bank of Jamestown— Morristown— First National Bank. National Iron Bank. 4 American Trust Co 4 9,422,552 10,305.993 8,166,576 5 45* 33,075,074 J 25 1 30 1,195,609 100 66.273,579 25 784,048 50 Long Branch— Long Branch Bkg Co B ank& Tru st Co. retur Bensonhurst Nat Bk d 200.000 Citizens Bk of Bklyn 240.000 Platbush Nat Bank. 225,000 Klrgsboro Nat Bank 500.000 Lafayette Nat Bank. 900,000 People's Nat Bank.. 550.000 Brooklyn Trust Co— 8.200,000 Kings Co Trust Co500,000 Buffalo— Common.. "4* 10 931.273 577,447 Liberty Bk of Buffalo 10 1 ' X iff Li 6,797,752 16.381,613 3,736,466 4,290,973 12,457,224 Brooklyn—State IX 45 3,047,391 335* 100 100 164,816 487.091 6,191,818 5.996,307 369,813 400,000 600,000 <500.000 First National BankMarine Midl'd Tr Co 4 10 3 $ 400,000 695,000 Binghamton— City National Bank. 24,010,121 125* 67,575 1,377,602 e Auburn— Nat Bank of Auburn Auburn Trust Co d _ 1,252,750 200.000 Common 95,600 Preferred 769,165 Elizabeth— flllsabethport BkgOo d 400.000 Nationals tate Bank 41.286.000 Per % 79,415 257,160 103,084 244,100 575,000 249,500 Ask Nomi nal. Per share * a Sale price, t Marine Midland Corp. Only outstanding stock of People's Bank & Trust Co. of Passaic. N. J. is $i par pref. stock of the Realty & Security b Includes security Co. stock. Mechanics' National Bank First Nat Bk&Tr Co 100,000 200,000 Woodbury Trust Gn. 100.000 _ 551,481 428,650 353,700 2,732,886 2,953,820 1,621,751 d Common and preferred stock or 10 50 e 10 g capital debentures outstanding. March 29, 1939. Hamilton Trust Co, of Paterson, N. J., closed June 17, r1939, and placed Banking Dept. for liquidation. In the hands of the New Jersey National Ranks June 30 NEW YORK State Institutions June 30 h Preference B stock. t Controlled by Marine Midland Corp, AlbanyMech & Farmers Bk_ 250,000 Nat Com Bk & Tr Co 1,500,000 State Bankof Albany 2,000,000 First Trust Company dl ,980.000 Nomi nal. Per share. 1,423.677 5,662,573 4.001,225 579,842 2,970,687 57,102,425 77,172,352 22,685,133 100 100 100 650 450 259' 270 50 25 30 Wo" Jfc Dec. 31, 1938. I Last sale. n June 30,1939. r Preferred stock retirement , price. BANKS 108 National BankI June 30 NEW YORK Surplus & Profits Capital AND State Institution» June 30 National Banks a Par Bid Nomi nal. Per share. 2,800,000 12,241,368 2,000.000 4% Conv.Preferred 77,877,734 I 20 I 50 29H 32*4 600,000 1 244,840 Capital notes..... 1,170,000 533,785 Genesee VailTr Co.. e2.150,000 Roch Trust & S D Co 1.000.000 3,090,784 Security Trust Co— Common. 300,000 12,522,925 Capital notes 200.000 ... ..... 17,669,595 j 20 16,519,976 32.560,783 "25 8 20 75 31.679.705 . Union Trust Co: Common Capital notes..... 3.000.000 1,000,000 I1 ,139,713 45,086,250 J100 8 ... 347,463 Schenectady Tr Co.. 300,000 750.000 393,721 498,596 1,421,189 SyracuseLincoln Nat B & TOo 1.200,000 933,300 400,000 Merch Nat B & T Co Common. 750,000 150,000 |Jfe 475,174 e4,691,844 1,169,079 ....... Preferred First Trust & Dep Co ... Common.. 800 Common 1,000,000 1,400,000 j 1,146,045 1,000,000 600,000 e 624,400 e 297,000 1,501,639 Capital notes..... Troy— Troy Trust Co ... 834,894 244,350 192,509 (710 100 1,000.000 990,000 J 1,937,336 22,452,234 20 29 34 20 20 17 20 205"" 2H 28,991,415 8 34,347,831 m 4*4 12 22 4 25 5 6 10 .50 .75 (760 400.000 140,672 5,236,969 20 Common 210.000 166,016 4,129,553 I 35 Preferred 109,000 1 40 Watertown— Jefferson Co Nat Bk Watertown Nat Bk— 500,000 200.000 Capital notes Westchester Go— 10,479,998 600,000 Fleetwood Bk (The). e 267,500 Mt. Vernon Tr Co... e3.000.000 687,580 140,191 649,991 cent 91,598 338,227 75,352 509,999 242,521 150,246 125 100 1,791,321 2,563,913 115.000 300,000 Huguenot Tr Co.. e 646.000 Rochelle Tr._ el,600,000 e 10 100 18 100 10 15 120 26 1 IX 1 20 1 28 1 31 10 20 22 27 3 200,000 350,000 e 20 100 Common Preferred 170,000 30,000 | 100,000 500,000 | 500,000 23,016 1,524,111 f I 50 4,619,393 I 50 I 10 — ~5~~ "6 e 300,000 44,539 2,564,584 12H 2 6 e 408,388 5,102,008 2,811,984 15 4 8 N. Bk&Tr Co Mutual Trust Co. Tarrgtown N B&TrOo White Plains— Citizens Bank e 176,250 55,449 76,906 e e 449,319 190,000 200,000 10,530 77,853 101,767 3,264,479 1,776,923 2,031,393 100 e 792,000 ; 177,981 7,594,521 200,000 Rye— Rye National Bank.. Rye Trust Co e First Tr & Sav Bk._ Geo. D. Harter Bank CincinnatiAtlas Nat Bank.... e e | 199,185 5,127,700 1,055,206 15,075,282 Common e Columbia Bk & S Go 400,000 200,000 188,350 6,000.000 (first National Bank. e Lincoln Nat Bank.. NTerthside Bk & Tr Go Common....... 18,049,710 cent les 60 100 3,659,188 10,976,468 100 1,327,466 250,343 146,934 7,129,027 9,478,371 2,906,538 1,613,869 83,348,265 100 100 10 100 5,466,057 9,977,038 2,288,040 3,409,260 49,222,434 17,410,602 7,944,665 10,909,889 73,561,196 a 600.000 500.000 e 222.000 575.000 1,800,000 1.000.000 9e Ohio S Bk & Tr Co 500,000 Western Bk & Tr Co e2.000.000 Central Trust Co... 5,000,000 People's Bk & Sv Co e Prov 8 Bk & Tr Co. Second Nat Bank— 329,699 2,232,618 1,900,000 J3,850,000 300,000 145 50 270 90 100 7 8*4 142 145 100 95 100 225 55 105 240 50 100 10 '"26" 100 100 145 29 155 140 "5*4 10 5 100 72 75 100,506,325 /loo 91 94 100 220 260 423,758 e Common 5,000,000 7,680,000 250,000 Preferred Clev Sav & Loan Co. . Bank. 400,000 484,000 9,000,000 e Bk Co. 190.000 e The Bank of Cleve.. oleveland Trust Go Common Capital notes ... Union Bk of Comm¬ union Sav & L Co 100,000 5,078,068 J 1,269,818 603,013 a 765,910 149,356 4,942,100 51,267 89,683 129,301,704 J 20 I 16 2.259.184 100 7,195,268 100 60 4.942.185 20 164,289,012 100 829,018 7 H sx 024 '"26*4 28*4 1,277,634 100 84 76 100 13,800.000 15,068,036 347,924,333 13,825.000 65,000,000 2,986,360 26,565,894 900.000 a 2,984,931 368,109 55 100 Columbus— City,Nat Bk & Tr Co Columbus Saving Bk 1,890,910 156,411 152,614 2,892,956 241,128 103,298 3,414,445 1,600,000 100,000 Fifth Ave Sav Bk Co 6 200,000 Huntington Nat Bk. Market Exch Bk Co. 63.500.000 200.000 100.000 64,000.000 10 30,575,489 100 1,663,933 2,577,399 1|0 56,014,379 loo 3,814,739 100 1,610,768 100 79,521,847 5 20 321,206 7,607,218 719,302 14,881,346 1,500,000 I 776,038 36,134,037 J100 1 60 775,000 Commerce-Guard. Bk Spitzer-R T & S Bk. 4 8 3 5 10 15 19 21 185 62 200 70 100 12 16 { 25 21 24 870,083 1,000,000 300,000 600,000 5,000,000 J100 25 100 '"28" 95 90 ...... 40 17,090,609 331« .... 45 50 348,015 819,586 2,901,877 2,445,487 12,600,417 98,933,190 670,902 15,230,673 597,215 1,960,748 12,984,149 20,284,802 100 152,741 8,357,776 25 37" 20 "32" 50 50 60 j 50 10 12 Voungstown— Dellar Sav & Tr Co— 6 Common........ 1,250,000 1,500.000 Capital notes 20 25 684,362 5,492.083 891,754 8,757,059 10 68,883 8,306,904 Mahoning Nat Bank 61,600,000 Union Nat Bank.... Ctfs of Beneficial 1,250,000 t "25 '""§*4 *10*4 115 Ownership Trust 30" *25' 28 24 114 Fund 0-2. City Tr & Sav Bk— Common 20 400,000 Ic 400.000 200.000 L 235,000 800,000 Preferred Third N B & Tr Co.. Winters N B & Tr Co Common Preferred Toledo— 8 50 300,000 Preferred o 100 2,485,873 N re Nerwood-Hyde Park 10 350,000 ... 15,082,280 221,830 1,328,186 188,498 352,251 3,375,071 1,025,211 644,120 e \ 25 150,000 580,000 4,194,461 226,780 1,158,685 201,192 766,283 625.000 Ohio Citizens Tr Co. Toledo Trust Co.... Peoples N B & T Co: Preferred ; County Trust Co... Yonkers— Central Nat Bank First National Bank in Yonkers Yonkers Nat Bank & Trust Co- 5 100 922,241 300,000 990,000 457,125 Savings Bank- Common 50 Westches Co Nat: Common 25,812,495 Dayton— Merch N B & T Co— Peekskill— Port Chester—1st First National Bank. Ohio National Bk Peekskill N B & T Co Preferred Pleasantville— Mt Pleas Bk & Tr Co 200,000 i 200,000 NorthernlSav Bk... Ossining— First Nat & Tr Co... Ossining Trust Co... share. 100 Canton— Dime Lorain Street 100 1,975,508 4,629,717 1,428,412 14,726,957 New Rochelle-— Central Nat Bank. First NatBruk 16,619,241 sa Equity Sav & L'n Co 20 11,483,948 3,087,779 6,527,219 e Institutions June 30 1,078,227 113,112 1,250,000 100,000 Common.. vorth Amer 200,000 350,000 State Central Nat Bank— | f25 3,496,270 4,248,070 les 485.000 . — First-Central Tr. Go. Goodyear State Bk__ Firestone Pk Tr&S B National City Bank. 190,420 166,444 cent Per Amer Sav's Bank Co o Bronzville— Gramatan Nat Bk & Tr Co Bronxville Tr Co Mount Vernon— First National Bank. re sa Cleveland— les 504,057 0 100 25 201,378 200,000 i Capital debentures Northern N Y Tr Co Common. ...I... n Nominal. Fifth-Third-Union Tr ust OoCommon 5,000,000 10,328,585 l 20 I 25 558,731 share. N Co Bk & Tr Co 20.824.706 i 25 25 12,433,692 6,021,651 162i 50 3,923,727 prices 100 100 2,392,954 1,810,637 6,521,001 3,532,288 OHIO > Clnn Bk& Tr Co- (720 48,205,980 600,000 194,000 Preferred June 30 Capital debentures 100 100 UCiC8r— First Citizens Bk & T Preferred Oneida Nat Bk & Tr Common... National Banks Capital notes . 7,449,344 7,397,727 15,757,136 1 e n Common 10 f Per $ 162,675 115,450 172,322 210,849 Akron— 10 9,608,661 $ 175,000 50,000 500,000 150.000 1000 Syracuse Trust Co.. Manufactur Nat Bk. National City Bank. Union Nat Bank Bank.. Fargo National Bk.. First Nat Bk & Tr Co Merch Nat Bk&TrOo 10*4 J*30 5,714,458 f Nom. , _ Dime Savings Bk L 200,000 1 253.590 Preferred Union National Bank Citizens Trust Co— „ $ Fargo— Ask Bid Par / 85 Schenectady— ........ Gross Deposits 10*4 Mohawk Nat BankCommon Surplus & Profits Capital Ask Central Trust Co— . NORTH DAKOTA June 30 Dakota Nat Lincoln-Allia Bk&Tr Common Common.. COMPANIES Cross Deposits $ Rochester- TBTJST Capital 750.000 1.212,500 notes 5X 7 25 20 National Banks June 30 OKLAHOMA Institutions State June 30 20 Nomi nal. Guthrie— "•rr NORTH CAROLINA 3!a"JIulfiTm Nomi nal. Asheville— Per First Nat Bk & Tr._ 200,000 Charlotte— Commercial Nat Bk. Union Nat Bank American Trust Co.. Durham— Citizens' Nat Bank. Fidelity Bank.. Depositors Nat'l Bk. 500,000 300,000 1.200.000 510,883 607,121 2,780,174 3,495,619 12,353,075 6,793,475 61,639,153 100 200 100 e Oreensboro— Guilford Nat Bank— Security Nat Bank 150,000 500,000 200,000 300,000 100,000 214,000 53,438 1,163,980 174,504 501,345 109,042 69,357 1,357,176 14,195,993 1,854,929 6,424,466 2,050,378 979,235 25 243,521 390,524 4,423,859 13,047,669 10 780,000 1,526,189 18,912,464 25 100 25 se 55 72 "80" 20 19 21X 100 25 10 Raleigh— First Citizens Bk&Tr 205 260 290 100 800,000 e share. 20 200,000 e Durham Bk & Tr Co Home Savings Bank. Mech & Farmers Bk- 183,030 "46" "45" 25 27 X "15X "16" 70 75 Wilmington People's Sav Bk & Tr Wilm Sav & Tr Co. e 168.000 300,000 2,852,214 6,588,706 25 Preferred........ Nat Bk of Wilson... Winston-Salem— First National Bank. Wachovia Bk &Tr__ 100 100,000 100,000 263,209 311,205 3,362,879 2,959,035 100 100,000 300,000 400,000 177,361 409,114 407,164 2,896,763 200.000 5.000.000 6,581,106 21,365,581 1,499,290 16,061,111 1,103,646 50,499,477 N Oklahoma Nat Bank. Tradesmen's Nat Bk 100,000 500,000 Stock Yards Bank Tulsa— First Nat Bk&Tr Co Fourth Nat Bank— 50,000 309,165 3,902,966 282,607 1,112,491 52,821 472,570 19,382 2.000.000 3,052,660 Fidelity Nat Bank.. e 450,000 Liberty Nat Bank.. el ,200,000 Common Preferred Nat Bk of Com'erce. Nat Bank of Tulsa— Common e 125,000 \ 175,000 350,000 10 16,975,063 {100 250 275 b Member of the BancOhlo Corp. 0160 c West Tulsa State Bk 1160 2,312,723 25 3,205,076 91,441,746 100 317,295 25 100 100 100 3,501,354 5,085,808 100 10 50 6,215,961 57,447,812 100 100 96,413 3,055,443 ...... ::::: 125 125 125 150 150 185 26 50 175 100 125 100 100 20 6,887,199 / 29 20 150 28 75 210 125 160 125 25 4,955,313 31 10 "15" 20 65,568,868 f 1 25 30 20 100 359,058 ""115"' Dec. 31, 1938. t Toledo banks on a price range bads, Sept. 28,1938. Common and preferred stock or debentures outstanding. a 10 les 100 100 e 200,000 e4,275,000 re cent sa 20 63,312 2,500,000 13,008,593 1,000,000 25.000 16,422 35 35 a 400,000 11,389,180 324,960 100.000 234,543 2,646,751 1,392,000 30 30 Wilson........ 200,401 106,000 Muskogee— Preferred 159,783 738,528 share► 100 100,000 75.000 Citizens National Bk Commercial Nat Bk. FirstNat Bk&Tr Co Oklahoma City— City Nat'l Bk&Tr Co First Nat Bk & Tr Co Branch Bkg & Tr Co Common Per First National Bank. First State Bank... McAlester— Nat Bk of McAlester First Nat Bk of McA Retirement price. i Controlled n by Marine Midland Corp. Member First Bank Stock Corp. k March 29, 1939. .« Branch of Smithfield, N. 0. National Bank* June 30 State Institutions June 30 OREGON Capital Surplus & Profits Wa,KanU PENNSYLVANIA Gross Deposits Ask Bid Par Nomi nal. share. Per $ $ Eugene- 7,851,412 100 3,000.000 300,000 6,108,122 104,624,501 470,032 4,742,215 100 100 170 80 185 90 4.500.000 5,934,837 125,800,210 20 37 200,000 PortlandFirst National Bank. Portland Tr a Sav Bk United States Nat'l National Bank National Banks 410,036 share. Per Allentown— 1,887.059 2,177,326 1,380,069 938,185 1,000,000 1,000,000 450,000 500,000 Allentown Nat Bank Merchants Nat'l Bk_ Nat Bank.. Lehigh Vail Trust Oo Second 155 45 140 100 25 10 100 13,784,688 8.559,811 5,653.652 7,176,265 40 20 23 105 90 Altoona— First Nat Bank— 150,000 292,300 Central Trust Oo— ErieBank of Erie First National Bank. Lawrence Park N Bk Marine Nat Bank— Nat Bk A Trust Oo. 453,234 278,551 2,734,654 153,811 1,142,311 13,568.353 105 12 14 10 100 100 6.377,514 100 10 4.350.848 10 805,494 53,821 137,555 292,672 50,000 .282,000 300,000 . 100 100 200,000 .160,000 —— 177,138 250,000 263,390 249,300 — Preferred Altoona Trust Oo— Common. Preferred.. 7.21.769 300,000 729,100 200,000 Oommon Union Bank (The)— 331,502 85,964 300.000 \ 100.000 Common Preferred- Union National Bank Union Savings Bank. Western S Ac D Bank 141,625 106,250 200.000 700.000 200,000 50.000 2.000.000 l.OOO.OOf d 492,500 700.000 396,510 300,000 300,000 400,000 125,000 400,000 400.000 Citizens Trust Oo— Dauphin Dep Tr Oo. Harrlsburg Trust Oo Lancaster— Oonestoga Nat Bk— Fulton Nat Bank... Lancaster Oo Nat Bk d Farmers' Bk&Tr Oo Common 151,292 449,787 841,707 916,698 a50 50 35,838 1,388,386 1,469,051 7 5 80 72 50 9 100 4,732.986 1,116,003 13.947,119 12,814,959 12** 25 50 7.708.091 410 70 25 14** 430 Preferred Northern Bk A Tr Oo 400,000 600,000 600.000 899,736 990,484 732,768 10,778,307 11,451,382 8,819,338 20 20 155 146 50 I 101X 300,000 88,820 300,000 . 473,783 6,385,830 14 251,314 1,800,930 10 10 10 1 5 Philadelphia— 3,040,000 7,243.077 57,777,027 312,475 Olty National Bank. dl.100,700 9,327,890 Oorn Exch Nat Bank A Trust Oo 4.550.000 9,581.047 112,282,254 Erie National Bank. d 460.000 132.688 4,301,933 First National Bank. 3,111,000 6,565,052 94,672,829 Glmbel Bros Bk & Tr 200,000 90,197 2,994,403 341,328 Kensington Nat Bk. dl,129,766 9,294,527 Market St Nat Bk.. 1,000,000 4,611.542 34,606,916 NatBkofGer ATrOo 400,000 2.193,645 14,341,500 Nat'l Bk of Olney— 105,000 U Common.. 79,375 1,946,566 Preferred 95,000 North Broad Natl Bk 250,000 235,844 2,081,247 Northeast Nat Bank 200,000 249.243 3,829,982 Northw'n Nat Bk— Common. 275,000 142,824 3,065.457 Preferred 225,000 309,690 516,748,501 Philadelphia Nat Bk 14,000,000 Roosevelt Bank—— d 269,818 e 121,967 2,355,000 Second Nat Bank— 500.000 Common 638,445 7,636,933 Preferred 650,000 South Phlla Nat BkCommon........ 200,000 \ 146,052 3,441.508 10 ....... } 85,000 405.336 Preferred Tioga Nat Bk & TrOo d Tradesmen'sNatlonal Bank As Trust Oo. 3,300.000 d 300,000 Wyoming Bk & Tr 400,000 Broad Street Trust.. 250,000 Chestnut Hill T Ac Tr Citizens & So B A Tr 125,000 Fldellty-Phila Tr Oo 6.700,000 Finance Oo of Pa— 2,320.000 500,000 Frankford Trust Oo. 1,400,000 German town Tr Oo. 4.000.000 Glrard Trust Co.— Industrial Trust Oo. dl.132,250 Integrity Trust Oo— Common 995,973 2,000,000 1st preferred 2d preferred—— 3,000,000 Land Title Bk A TOo 3,750.000 Common. Preferred ;— 7,350,000 Liberty Title A TrOo 1,000,000 1,500.000 Mitten Bk Ac Tr Oo Ninth Bank Ac Tr Oo d2.210.000 500.000 Northern Trust Co.. Nor Phlla Trust Oo. 500,000 Penn Oo for Insur on 8.400,000 Lives Ac Grant Ann 750,000 Penn W'h'g Ac 8 D Oo 3,200.000 Provident Trust Real Est Tr Oo 1,500,000 32** 19 21 100 4,787.741 2,799.301 o 100 10 W* 307 56 317 60 5 10 110 3 10 50 66 x 13 50 f 10 [ 4** 70 17 a 25 25 20 108"" 109 26 4** 8 132 137 15,626.541 32.103,021 {1§ 1.246.094 646,232 611,642 3,257,988 1,353,247 11,281,967 6.761,269 19,128,838 12,526,505 7,680.410 50 50 10 "30 23 26 100 50 540 550 83 87 31X 230,946 100,000 200,000 500.000 268,311 108.974 Freehold 50 100 100 6 9 Hazelwood Bk (The) Hill Top Bank Homewood Bank 16 245 122 255 100 10 40 42 10 16 10 55** 10 4 128 \ Iron Ac Glass Dol Sav 933,163 5,658,166 6.000,606 10,964.143 6.000.000 6,813,381 5 80 77 90 82 58 63 165"" 155" 82 25 20 5 27 28** 8 5** 100 85 100 70 100 6200 100 102 10 50 30 75 5 9,819,324 50 694,700 1,390,884 363,014 2,383,760 7,026,222 22,197,335 4,174,543 17,415,738 10 5 10 10 1,388,712 61,978,783 1,508,149 3,242,754 999,762 25 100 15 204,776 4,742,126 4,050,000 200.000 300.000 300.000 i Common Preferred 100,228 326,680 64,822 200,000 I 75.000 183,443 400.000 South 81de Bk A Tr. Third Nat B A T OoWest Side Bank.... 6 5X T 761,562 850,999 554,119 1,000,000 250.000 18 50 4,917,813 17,435,526 3,100,541 64 27 27 68 15 50 2,696,879 f 24 25 20** 23** 50 31 38 1 I5 6 25 25 "45" 42 44 25 55 60 46" Penna Trust Oo— Common.. Preferred 150.000 1 182.375 ... ... Wilkes-Barre— First National Bank 750.000 Hanover National Bk d 200,000 Miners Nat Bank 2,500.000 Second Nat Bank... 1,000.000 W-B Dep A Sav Bk. 500.000 Wyoming Nat Bank. 500.000 170,002 2,000,869 / 25 IX 25 1,465,321 132,801 5,378,710 2,457,305 607,595 691,809 8,976,314 1,426,338 23,170,347 15,551,454 4,283,197 7,3*7,636 100 227,506 372,081 397,462 2,399,881 4,718,441 5,451,745 200,459 2,457,806 F 150 50 86 275 18 55 140 40 45 82 50 100 25 50 250 17 50 Willlamsport— First National Bank 250,000 250.000 225.000 Wllliamsport N Bk.. 20 10 25 10 20/ 10 30 23 York— Oent Nat Bk A Tr Co Common fork N Bk A Tr Oo. Guardian Trust Co.. 250,000 190,000 150,000 100,000 500.000 125,000 225.000 300,000 500,000 500.000 750 OOO Preferred Drov A Mech N Bk. Eastern Nat Bank.. First National Bank. Indus NB West YK. Western Nat Bank., fork Oo Nat Bank- | 352,212 32,982 672,605 200,552 524,966 919,684 563,838 725,332 1,323,231 i 7X 8** 10 5 3,261,131 10 22 22** 733,715 7,981,739 1,663,793 5,193,884 6,282,571 4,992,775 4,345,641 7,679,946 100 65 15 17 70 16 18 100 194 196 20 25 25 56 llH 36*| 57*1 10 15X 10 10 57** 16*4 RHODE ISLAND Nomi nal. Per share. Aquldneck Nat Bank lio 10 100 ~~4 2X 3,110,491 1,352,084 758,553 10,832.218 55,412,129 97,338.528 102,989,570 7 3X "34"" 6X 47 295 19 26 66,042 496,923 593,233 2,958,761 1,059,811 4,294,486 25 76 si 75,404 1,881,868 no 8 1,626,137 110 50 11 alO 245,245 / 25 35 a25~~ 125 60 100 "150" Providence— Blackstone Can Nat. 600.000 Oolumbus Nat Bank: 109,250 90,750 120.000 Common..... Blgb St Bk A Tr Oo Mechanics Nat Bank } 350, 000 125 5,059,604 150, 000 \25 850, 000 793,366 50 8,399,940 450, 000 50 904,025 3,094,726 1,500, 000 2,483,386 100 12,223,713 4.000, 000 10,486,351 113,517,461 100 125, 000 199,358 25 1,743,202 2.500, 000 2,970,388 50,492,683 JfclOO 5.000 000 12,252,677 41,821,313 1000 1.000, 000 1,380,523 24,554,243 100 j 218,654 Preferred NatBank of OomATr Phenix Nat Bank— Providence Nat Bank Industrial Trust Co. Lincoln Trust Oo— Rhode I Hos Nat Bk. Rhode Isld Hos TrOo Union Trust Oo "125"" 15 19 70 120 285 "75" 180 33 195"' 215o"" 2§5o" 135 Woonsocket— Woonsorket Trust Oo d 10b 442,500 153,678 3,457,130 3«5,000 250.000 226,339 254,684 178,574 52,003 5,514,656 100 3,663,640 ploo 9,810,606 flOO 1,350,864 100 1100 51 5X 50 50 Sioux Falls— First Nat'l Bk A Tr. d Nat Bk of So Dak—. Nor th w'tSecur Nat Bk d Union Savings Bank. 40 25 10 2 100 (5) 100 100 95 * Sale price. a Preferred stock retirement price. 150 170 b a mutual 50 50 20 125 savings bank. d Common and preferred stock or debentures outstanding. 70 1,634,272 4,222,720 50 10 800.000 150,000 195 75,597 406,860 100 25 Nomi nal. Per share 165" 100.000 172.700 561.225 6,143,549 21 50 984,774 206,496 473,177 200.000 i 200.000 i Newport Nat Bank.. Newport Trust Co.. 341,295 305 50 10 100 100 430,094 552,475 400.000 1 195.000 120,000 300.000 Common Common jx a 10 5,122,214 8.710,227 3,290.363 881,482 1,232.974 2,398,676 300,000 500.000 307.250 175 95 0 Dec. 31.1938. / Member of Northwest Bancorporatlon 1 Mar 29. 1939. 5 5" k Stock all owned by Rhode Island Hospital Trust Oo. j Last sale. 2,445,571 •50 140 "33"' 1,114,711 North Scrant Bk A Tr Provideoce Bank... d Scranton Nat Bk— Preferred.. 56** at Pittsburgh 50 100 25 126" 200.000 Scranton State Bk First National Bank. Green Ridge Bank. Preferred -JH 10 200,000 Bank 69 15 32 X 37ti 16 IX 200,000 Fourteenth St Bank. d 50 Newport— Pittsburgh- Forbes National Bk. a25 "12" 50 100 100 50 100 100 100 .... 34,978,595 Allegheny Valley Bk. First Nat Bank & Tr Oo of East Pitts.. 12 25 400.000 National Banks June 30 1.164.331 17.157 17.345,945 239,101,714 666.250 1,109,706 12.882,026 51,400,309 2,350,630 10,118,522 300.000 309.973 3.607,085 125.000 i 27,633 937,886 Bank of Ohio Valley. 25 40 50 9 ..... 17,545,291 7,289,856 1.680,211 2,216,167 10,215,527 1,047.789 91,869 482,902 89,892 Arsenal Bank....... Braddock Nat Bank. Dollar Savings Bank Farmers Deposit Nat First National Bank. 1 1,693,970 11,518,205 1,061,707 1,305,000 32,109,095 35,950,261 3,852,251 6,146,263 29.204,600 19,707,183 2,706,893 202,273 26,192,058 5X 25 100 a 50 1.000,00* 1.800.000 300.000 1.170.300 Union National Bank Berks Oo Trust Co.. Olty Bank A Tr Co.. Beading Trust Co.. 10 / 20 1,875,191 I Tr Oo 6.000.00* 11,364,855 97,133,922 Potter Title A Tr Oo d 875,000 413,828 7,359,721 Provident Trust Co. 150,000 277,355 2,009,555 South Hills Trust Oo 125,000 398,320 1,807,399 Union Trust Oo 1.500,000 97,593,760 273,161,462 Washington Tr Co.. 500.000 1,366,760 6,358,479 West End Bank 200,000 190,445 1,777,095 William Ponn Tr Oo. I 175,000 125,500 2,100,000 fork Trust Oo 10 1 f 25 047 People's-Plttsburgh West Branch Bk A Tt 44,511 .786 2,783 ,486 2,065 .316 1,574 ,642 597 ,164 109,441 ,892 1,244 .840 11.780 ,574 20.575 ,599 104,856 .936 11,360 ,565 i _ Security Bk Ac Tr Oo. Sonsltaly Bk Ac Tr Oo 33 327 f ........ —. 30 320 50 30 84,712 47 X 100 i — 31** 50 20 60 65,376 173,674 713,174 85,060 147,497 4,069,146 5,701,639 471,773 ... Oentral-Penn Nat Bk 50 5ft 100 Soranton— 10 10 3,087,824 4,894.625 ) Allegheny Trust Oo. 868,199 Colonial Trust Oo d3.672.900 2,025,466 Com'wealth Trust Oo 2,387,133 1.500,000 Dormont S Ac T Oo. 125,000 122,783 Farmers Deposit Tr. 1.320.000 1,181,269 Fidelity Trust Oo... 2.000.000 10,982,666 Manchester Savings Bank Ac Trust Oo. 399,409 250,00* R Harrlsburg— Allison-East End Tr_ Capital Bk & Tr Oo. Harrlsburg Nat Bank Central Trust Oo— 4,429.385 ( i 307,180 7.500.000 36,972,097 333,689,872 Bank A Trust Oo. 50 50 1,550,961 Ask Bid Beading— 15 14,508.380 I Par Nat Bank of America 66*3 Security-Peoples TrPreferred Cross Deposits Workingman's Savgs 100 7,648,694 3,941,035 loo 98 Surplus & Profits Nomi nal, Per share. Preferred Mellon Nat Bank Polithania State Bk. Sheraden Bank PCMMCVI VAN1A State Institutions CilXllO IL V API IA June 30 Nomi nal. — Pittsburgh (Concluded.) Keystone Nat BkCommon...... Nor Side Deposit Bk Pitt National Bank. * June 30 Common Capital 39 Bank First 109 TRUST COMPANIES AND BANKS aug., 1939] 100 £0 0 p New stock. Affiliate of the First Bank Stock Corp. n 0 re cent sa les BANKS 110 so"* SOUTH CAROLINA Surplus & Profits Capital AND TRUST COMPANIES National Banks sta,e]^Tn7\ Gross Par Deposits Surplus & Profits Capital Bid State Institutions June 30 TEXAS June 30 Gross Par Deposits Ask Bid Ask Nomi nal. 700,000 200.000 50.000 k Carolina Sav Bank.. Miners 8c Merch Bk_ 684,029 271,246 43,982 Nomi nal. Per share. $ $ $ Charleston— Citizens 8c Sou Bank 0 100 17,380,519 5,919,445 464,071 100 "loo" 125" 100 105 120 South Caro Nat Bk— $ $ share Per 350.000 115.000 | 117,287 <1.000,000 1,012,343 23,967,543 100 200 100.000 112,051 76,459 1,975,203 3,741,246 100 185 400,000 300,000 Common 372,209 4,211,615 100 t 250.000 700.000 100.000 321,482 8,411,841 10,462,317 880,882 — Preferred Nat Bank of Comm. 96 5,815,189 (100 102 elOO 250 1100 National Bank ofFort 1 1,100,000 1,100,000 Common Preferred. San Antonio (Con cl.) $ Groos Nat Bank— -—-- jl,032,571 35,931,454 /100 SH 9% 100 lioq Columbia— 200.000 35,000 d Lower Main St Bank Greenville— 4,757,422 1,388,468 250,000 200.000 First Nat Bk of Ooi- 149,776 262,384 574,354 523,216 6,493,827 4,694,082 2,788,014 J 20 10 9% 10 20 57% 59 10 27 28% 25 Sam Houston San Antonio Nat Bk < South Texas Nat BkOommon Peoples Nat Bank— 60 Waco— Citizens' Nat Bank__ First National Bank- 100 First National BankNational City Rank. < 619,449 77,025 190 75 100 50 200 85 100 80 Spartanburg— Com'l Nat Bank— 160,000 40,000 Common-..- Preferred 86,977 J 120 Motional Banks 25 UTAH June 30 ------ State Institutions June 30 Nomi nal. National Banks June 30 TENNESSEE State Institutions Ogden— June 30 Nomi nal. Per share Chattanooga— 1,185,994 625,000 Amer Tr & Bkg Oo-. 100 12,168,083 190 200 150 155 Commercial Nat Bk: 375,000 1 275.000 Common Preferred _ Hamilton Nat Bank. 443,789 9,395,216 [100 1100 "l27'" 135" <2.700,000 1,559,362 41,368,297 100 50.000 200,000 < 925.000 1,000,000 62,285 134,075 1,428,555 589,374 1,587,016 100 140 150 3,040,746 6.25 100 24,276,598 100 11,510,423 9 HamiltonNationalBk Park National Bank- 1,000,000 1,000,000 50.000 1,918,690 2,180,025 94,207 46,301,791 29,477,070 1,882,285 < 238 1.500.000 12,172,008 17,787,362 14,133,000 14,540,955 2,888,417 777,106 27,922,742 National Banks Nat Bk of Commerce Bank. Union Planters' Nat'l Bank & Trust Oo. Nashville— 100 100 300 100 210 305 310 280 300 5,056,948 3.500.000 3,000,000 3,250,000 Preferred Jl.501426 ^57,935,724 Preferred Third National Bank 15 20 620,394 1,116,846 500.000 1 940,152 1,133.300 1.000,000 1,462,578 Common 28 27% / 10 \100 5,386,149 21,296,313 « 300,000 1,000,000 Broadway Nat Bank Commerce-Union Bk Nashville Trust Co— 10 70,180,897 10 16 9,703,729 J100 uoo 100 26,308,532 People's Nat Bank.. (Jnarry S Bk & Tr Co Burlington— Ohlttenden Co Trust < 110 250 260 210.000 200,000 204.500 500,209 257,724 168,454 3,608,580 2,861,307 1,958,594 100 100 491.500 662,402 541,060 80,971 429,682 6,659,275 6,367,968 837,968 3,350.374 100 100 67,629 2,675,127 100 Merchants Nst Bank 600.000 150.000 Burlington Trust Co. <1.085.961 Montpelier- Capital S B & Tr Co < 105 407.500 TEXAS June 30 State Common 150,000 175.800 Institutions < 576.750 Slllington Nst Bank 125.000 75.000 174,325 4,104,635 604,525 851,610 103,529 10,705,285 13,065,690 2,348,203 614.951 2,460,483 1,319,267 100 292,887 134,187 2,814,170 1,091,833 100 130,306 2,961,643 125.000 252.500 100 100 168,044 2,132,932 100 [100 20 25 30 100 10 o < les rioo 400,000 400,000 200,000 — 3,029,277 100.000 cent Preferred 100 Rutland Trust Co... Capital Nat Bank— Capital stock Preferred stock les Rntland Co Nat Bk: Common 100 13,082,288 17,434,867 cent 100 197,285 109,297 224,333 100.000 OlementNat Bank— 533,517 577,987 o 40 Rutland— Nomi nal. Per share. 800.000 100 100 150.000 100,000 Montpelier Nat Bank Montp'r S B & Tr Co < June 30 75 100 First National Bank: Preferred National Banks June 30 Nomi nal. Per share. < BfowardNatBkATrCo "20" "22" State Institutions VERMONT Barre— Giranite S B 4c Tr Co American Nat Bank Common ----- , 250.000 Capital notes June 30 First National Bank- Austin— American Nat BankAustin Nat Bank— 6,688,835 18,194,949 384,769 976,462 846,000 1,133,796 244,406 - Walker Bk & Tr Co: Common Memphls— State Savings 149,171 1,370,606 10 245 Knoxville— Bank of Knoxville— Comm'l Bk & Tr Oo- short. 510,000 Commercial Sec Bk. i First Security Bk NA <1,000.000 Salt Lake City— 900,000 Dontl Nat Bi fc&Tr Co i First National Bank < 750.000 750,900 Utah State Nat Bank i 1,000.000 Sion's Sav Bk & Tr Utah Sav A Trust Co 300,000 100 elOO" Beaumont— American Nat BankFirst National Bank. Becur St Bk 8c Trust < N 100 National Banks 0 sa 20 43% State Institutions June 30 VIRGINIA June 30 rec ent 100 les Dallas— Nomi nal. First National Bank- 8.000.000 Hilicrest State Bank- 60.000 Liberty State Bank: Mercantile Nat Bk— 250,000 6,841,533 121,285,076 60,481 1,878,053 236,783 5,569,716 1,239,499 RepubllcNat Bank.. 4,000,000 Nat Bank of Comm. 150,000 1.000,000 4,250,656 392,079 942,750 100,000 49.300 | 113,028 — Preferred-. Dallas Nat Bank— 100 32,355,998 f 20 "50"" 45 39 40 [100 79,764,928 6,953,598 23,341,316 20 "49" "55"" 100 215 20 44 — 2,641,467 125,000 I 66,000 .. El Paso Nat Bank— 91,739 509,742 1,679,144 300,000 300,000 State National Bank 750.000 1.500,000 — 2,562,743 L2 h 25 30 433,251 875,000 11,129,777 21,679.603 100 100 60 69 72 20 16,642,303 36,061,938 41 43 >2,563,075 44,858,106 f 20 43 45 20 10 9,532 87,500 390,249 1,181,291 432,102 415,220 15,042,713 4,683,832 100 100 N re Citizens State Bank. i Oity National Bank: cent 380,477 820,352 10,433,910 10,544,138 100 sa les 250,000 293,853 6,139,017 100 : 500,000 t 100,000 Common...... 3.000.000 Preferred 455,113 1.600.000 — — Second Nat'l Bank-Nat Bank of Comm. State National Bank Union National Bank 100 "115" 130" 11,904,114 632,500 1 322,682 367,500 1.000.000 1,991,832 <2.750,000 4,561,423 i 800,000 462,296 1.000,000 1,425,000 Texaa Com¬ mercial Nat Bank- 1.500,000 2,104,745 200,000 k 232,219 600,000 1,049,357 Houston Land & Tr_ <1.500,000 591,676 San Jacinto Nat BitCommon........ 345.000 305.000 Preferred Port ArthurFirst National Bank100,000 570,811 200.000 Merchants Nat'l Bk. 331,991 Fidelity Trust Co— Guardian Trust Co— J 123,126 50 .... — 170 20 20 40 56,476,018 flOO 1100 ........ Preferred Frost National Bank — 258.983 670,272 3,133,976 150.000 475,026 975,834 1,067,985 89,324 3,499,593 34,279,092 18,653,196 2,076,696 10 12 200,000 276,000 186,286 87,707 2,677,631 2,656,280 10 10 10 7% N o 100.000 300,000 5 I 6% 5 I 8 100 1355 250,000 2,500.000 1,500.000 Southn Bk of Norfolk 100 240 250 120 H 121H 36 % 37 100 25 13 < 10H 10 500.000 250.000 445,000 201,309 91,163 221,935 6,103,659 50 1,287,458 2,891,159 100 re cent 100 sa les Bank of Comm & Tr 600.000 39 42 1,000,000 9,497,315 22,706,627 802,526 74,052,394 2,144,259 20 Central National BkConsol Bk & Tr Co. First 8c Mer Nat Bk Mech 8c Mer Bank.. 1,014,174 1,082.420 k 66,095 3,619,362 130,672 20 10 27% 3% 30% 50% 51% < Oitixens Trust Oo__ Merch 8c Farmers Bk < 90 J 864,943 1,250,000 11,309,550 1,650,000 403,573 200,000 Southern Bk A Tr Co 233,203 200,000 Virginia Trust Co.. 808,882 <1,000,000 105 52,720.944 fl2'2 [100 25 3,775,834 15 4,676,985 50 6,404,783 Roanoke— Oelonial-Amer Nat B First Nat Exch Bank Menntain Trust. Bk_ 5,824,188 25,585,614 5,603,782 Common 14,634,953 [ 1 45 ... 16% 15% 74% 27 30 65 61% 500,000 1.000.000 800.000 National Banks 47,702,725 91,310 7,618,636 5,614,463 100 95 340 165 225 245"" 295 302 "I55" 160" 100 70 78 7,335,509 [100 92 96 Uoo 6,021,406 4,071,007 100 100 18,707,471 flOO 625 June 30 WASHINGTON 75 100 100 235 95 State Institutions June 30 Nomi nal. Per Seattle— Seattle—First Nat Bk 8.000,000 Nat Bk of Commerce Pacific Nat Bank 2,500.000 2 600,000 Peoples N B of Wash. 1,500.000 Sumltomo B of Seattle 200,000 University Nat Bank 400,000 Seattle Tr & Savs Bk 550.000 6.801,056 162,840,360 a 20 3,791,191 76,405,694 r 25 1,276,376 23,959,666 100 20 891,782 27,535.962 100 2,068,937 111,663 20 5,623,405 218,635 50 8,041,125 541,507 153 r 30 33 18 "22" 59 64 Member of First National Corp. a g 52 e50 "255"" share. 39 Preferred stock retirement C Sept. 28, 1938. price. / Member of the Marine Bancorporatlon. 150 45 38 t Stock of South Texas National Bank of San Antonio, Texas, all held by Central Securities Co. with exception of directors' qualifying shares. 6 Member of First Security Corp. 1100 2,728,731 f 50 [ 60 38,397,949 100 50 "275" 285" 100 100 396,607 1,688,563 345,280 el OO" Affiliated with the Citizens Sc Southern Nat. h New 200,000 1 145,270 85,000 1.200,000 1,295,975 20 100 Ban] Preferred. e 500.000 895.000 80,000 3,000,000 200,000 175 12,431,832 [100 [125 31,782,414 100 48,008,443 100 100 9,864,603 34,752,693 100 ..-- Nat Bank- Oommon 89,903 91,004 469,806 Sav Bank 8c Tr Oe_ Alamo National Bk: Preferred 1155 121,800 & Trust Co: 0 8an AntonioCommon. 1130 100 Lvnchburg Tr 8c S B. State-Planters South Bexar Co 60 < Loan Bank Houston Nat Bk— o Preferred 4,506,899 4,235,535 People's Nat Bank.. Depositors Industrial PortsmouthAmerican Nat Bank. 750,000 600,000 U S National Bank.. Houston— Common 459,364 393,543 Oe Petersburg— 200,000 200,000 National Bank Preferred First Nat Bank— Trust Citizens Nat Bank.Petersb Sav 8c AmTr Galveston— Oity National BankFirst National BankHutchlngs-Sealy Common 1155 600,000 500,000 Lynchburg Nat Bank Richmond— 1,500.000 Preferred 500.000 Fraternal Bk & Tr Co 15,420 Union Bank & Tr Co i 220,000 Common 100 40 I2 El Paso— First National Bank: Ft Worth Nat Bank: 8,020,650 Seaboard Oitz N Bk. Capital notes Fort Worth— Continental Nat Bk_ 492,674 Norfolk— — Capital notes Texas Bank & Tr Co: Common... short. 1,000,000 Com! Tr & Savs Bk: "46"" Oak Cliff Bk & Tr Co: Common Per Lynohburg— First National Bank. 8c 1,200.000 800,000 Common... 49^ 100 230 stock. 0 Controlled by the Joseph r I Last sale. F. Meyer interests, Member Peoples Corp. x Ex-dividend. Bank of Atlanta, Ga. < Common and preferred stock outstanding. k March 29, 1939. 21 Rights, Aug., 1939] BANKS Natj™!T' TRUST AND washington atat°LTTm Capital Surplus & Profits COMPANIES NaHjox jonte Wisconsin Cross Par Deposits Ask Bid 111 Capital Surplus & Profits sw,rr' Gross Deposits Par Nomi nal. Spokans— First Nat Bk In Spok Old N B&UnTCo. a Common % 600.000 750,000 750,000 200.000 Preferred Washington Trust Co Per $ 164,101 6,415,315 100 share. 45 40 West Side Bank 730,373 962,412 252,559 21,643,838 6,709,308 1.10 1 22,812,219 /100 t \100 8,053,717 100 J 573,651 Taooma— Nat Bank of Wash.. al.412.500 Pnjret Sound Nat Bk a 750,000 100 130 17 1,062,500 11,194,077 500,000 600,000 $ 62,102 841,967 337,280 $ 2,227.526 4.548.009 4,891,446 4,501.913 647.512 20 100 20 100 Per 7 share. 8 200 150 34 36 wyoming Cheysnne— Per American Nat Bank. 20,983,167 f 25 \ 40 5,701,547 100 100 21,342,806 100 3,219,050 s 824,893 100 1,000,000 200,000 500,000 427,054 1,368,441 112,161 297,175 1,000,000 al22,000 1,279,315 35,775 17,018,605 999,419 12ti 160.000 Central Trust Co $ 466,700 400,000 300,000 1,000.000 b 18 Charleston— ... Ask 150 25 Nomi nal. Per share. ....... Wisconsin State Bk. First Wise Trust Co. Na"Zl T* west virginia Charleston Nat Bk; Common. Preferred KanawhaBkg&Tr Co Kanawha Valley Bk. Nat Bank of Comm. Milwaukee (Concl.) TeutoniaAveStateBk Bid Nomi nal. _ 92,375 1,142,198 80,585 1,957,710 25 681,211 643,174 151,799 5,209,968 5,651,984 1,124,382 100 112 100 120 100 5,294,243 100 300 2,568,827 22,139,795 100 312,536 283,581 6,178,298 8,114,401 share. 100... 100 100 791,550 300.000 100 449.605 600,000 600,000 100,000 d 300,900 250,000 Btock Growers N Bk. N o re Canadian Bank Statements cent sa les Returns are all of May 31,1939. Prices are per cent, not per share. Huntington— First Hunt g Nat Bk Twentieth St Bank.. I 50 65 20 25 Wheeling— Center Wheeling Bar Half Dollar Trust & a Say Bank Nat Bank ofWVa.. a Nat Exchange Bank. i Bo Bide Bk & Tr Co. Security Trust Co.. Wheeling Dollar Ban A Trust Co 1.800.000 National bank* U7I QfflWQIW " lOLUllOUT June 30 nova scotia 130" Per Exchange State Bank Nat Bk o( a La Crosse. State Bk of La Crosse 100.000 4,706,560 147,487 164,444 2,872,056 3,536,727 1,171,513 6,609,611 2,686,075 Ask Bid Per 100 300 100 100 100 100 252 165 204 212 100 100 100 100 100 cent. 210 301 ontario June 30 309,533 78,566 309,769 168,416 Par 160^ 170 Nom inal. 500,000 175,000 400,000 Cross Deposits $ $ S Bank of Nora Scetla 12,000.000 24,000,000 256,179,258 State Institutions La Crosse— Bacavian Nat Bank. Surplus & Profits Capital Halifax— share. 20 100 elOO 100 20 20 24 30 Bank of Per Toronto... 6,000.000 40 25 N o re cent sa 9,000.000 122,929,785 Can Bank of Comm. 30.000.000 20.000.000 544,831,021 Dominion Bank 7,000,000 7,000,000 27 100 Toronto— 116,717,671 8,000,000 132,196,077 xcent. 170 206 les Imperial Bank of Can 7.000.000 ' Milwaukee— Amer State Bank City Bank & Tr Co.. 200,000 a 345,500 quebec First Wise Nat'l Bk— Common 7.500,000 16,306,684 222,499,240 Preferred 7,500,000 Home Barings Bank. a360.000 167,850 2,400,385 Kllbourn State Bk.. a 150,000 22,487 1,674,894 Lincoln State Bank: Common 100,000 16 62,525 300,000 2,200,000 2,480,247 Marshall & llsley Bk a2,955 000 1,897,348 Mitchell St State Bk. a 696,000 27,554 Northern Bank a 150.000 49,733 Park Savings Bank.. a 639,500 84,232 8tate Bank of Mtlw. a 650.000 64,293 1,186,346 {.!. 4M Montreal— ...... "15" 20 20 100 Income debentures Marine Nat Exch Bk 37,430,965 47,430,804 2,417.683 2,803,887 1,878.531 2,090,192 20 41 20 19 44 21 20 20 ""20" ~30" 4^ 5H 7.000,000 5,000.000 131.250.098 Barclays Bk (Canada) 1,500.000 750,000 21,342,303 Provincial Bk ef Can 4,000,000 1,000,000 46,723,257 Royal Bk of Canada, 35,000,000 20,000.000 778,227,829 t Wisconsin Bankshares Corp. no par stock. Common and preferred stock debentures outstanding. b Sept. 28, 1938. d Mar. 29. 193 8. a e 20 100 Per Banksf Montreal... 36,000,000 39,000.000 725,694,560 Banque Canadlenne. Member of the Northwest Bancorporation. i Member First National 9 Trust funds. t Corp. All stock held by Old National Corp. cent 166 166*4 189 191 • ■