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New York Stock Boston Stock Exchange Baltimore Stock Exchange New York Curb Exchange i Exchange New York Produce Exchange Pittsburgh Stock Exchange Philadelphia Stock Exchange Cleveland Stock Exchange Los Angeles Stock Exchange San Francisco Stock Exchange Chicago Stock Exchange Detroit Stock Exchange INDEX TO STOCK EXCHANGES page page N. T. STOCK EXCHANGE—BONDS—16 PHILADELPHIA STOCK EXCHANGE.65 N. Y. STOCK EXCHANGE—STOCKS..29 CLEVELAND STOCK EXCHANGE....67 *• NEW YORK CURB NEW YORK EXCHANGE PRODUCE EX- CHANGE 39 57 1 CHICAGO STOCK EXCHANGE........59 BOSTON STOCK DETROIT STOCK EXCHANGE.—.69 BALTIMORE STOCK EXCHANGE ., EXCHANGE..! 63 LOS ANGELES STEAM RAILROAD BONDS STEAM RAILROAI^ STOCKS TEXTILE MANUFACTURING STOCKS. ...81 INVESTMENT TRUST ST'KS & B'DS..82 JOINT STOCK LAND BANK STOCKS..99 100 FEDERAL LAND BANK BONDS... .108 REAL ESTATE BONDS 83 PUBLIC UTILITY BONDS PUBLIC UTILITY STOCKS 88 INDUSTRIAL & MISCELL. BONDS 91 INDUSTRIAL & MISCELL. STOCKS. . .95 93 EXCHANGE SEATS... B. William DANA nobthebn of 94 hills .94 southern mills 94 94 INSURANCE STOCKS & SCRIP...94, 120 REAL ESTATE TRUST & LAND STKS.95 TITLE GUAR. & SAFE DEP. STOCKS..95 U. S. AND MUNICIPAL BONDS 100 CANADIAN MUNICIPAL BONDS 102 FOREIGN GOVERNMENT BONDS.. . 101 BANKS AND TRUST COMPANIES... 109 CANADIAN BANKS 119 Canadian millb MINING STOCKS COMPANY, Street, Corner !| | QUOTATIONS 1 JOINT STOCK LAND BANK BONDS...99 WILLIAM STOCK EXCHANGE...74 PAGE ......77 I PITTSBURGH STOCK EXCHANGE...76 page REVIEW OF JULY.. V 70 SAN FRANCISCO STOCK EXCHANGE.72 INDEX TO GENERAL : 1 PUBLISHERS Spruce Street. New York. |!!i Investment Service For Institutions Through offer be an our offices in important cities in the United States and abroad, experienced investment service to institutions. pleased to submit we Corporation The Chase National Bank Building 60 Cedar Street, New York SAFE DEPOSIT & TRUST CO. OF BALTIMORE Chartered 1864 Capital $2,000,000 as Organized 1867 Surplus & Profits Over $4,870,000 Trustee of Corporation Mortgages, Fiscal Agent for Corporations and Individuals, Transfer Agent and Registrar. Depositary under plans of reorganization. Acts as Executor, Administrator, Guardian, Trustee, Receiver, Attorney and Agent, being especially organized for careful management and settlement of estates of every character. SECURITIES HELD ON DEPOSIT FOR OUT-OF-TOWN CORPORATIONS AND PERSONS. DIRECTORS H. WALTERS WALDO NEWCOMER NORMAN JAMES SAMUEL M. SHOEMAKER BLANCHARD RANDALL EDWIN G. BAETJER JOHN J. JOSEPH NELLIGAN B. KIRBY ROBERT GARRETT J. EDWARD JOHNSTON HOWARD BRUCE MORRIS WHITRIDGE OFFICERS H. WALTERS, Chairman of Board NELLIGAN, President ANDREW P. SPAMER, 2d V -P JOHN W.MARSHALL,Asst.toPres. JOSEPH B. KIRBY. 3d Vico-Pres H. H. M.LEE, Vice-President WILLIAM R. HUBNER, 4th v!-I\ JOHN J. George B. Gammie Treasurer R. S. Opie - Asst. V.-P. & Asst. Sec. George Pausch Asst. V.-P. & Sec. Albert P. Strobel - Real Estate Officer I. Campbell Connor Asst. Secretary Roland L. Miller - Cashier & Asst. Sec Maurice J. Nelllgan, _ John W. Bos ley Asst. Cashier & Asst. Sec. Wrlghtson - Asst. Secretary - Asst. Treas.A Asst. Sec. Edgar H. Cromwell, W. D. Gill Asst. Treas. & Andrew H. Troeger Assistant J. Edward Knapp - Assistant Thomas B. Butler Asst. to Raymond E. Burnett Howard W. Baynard James S. Asher - Robert B. w> shall recommend for investment. Chase Harris Forbes Acts we comprehensive list of carefully selected Government, a Municipal, Railroad and Public Utility Bonds which Upon request Asst. Sec. Treasurer Treasurer 3rd V.-P. Chapman Assistant Secretary Harry E. Challis - - Assistant Cashier - - - - Auditor Asst. Auditor Asst. Auditor C. F. Lechthaler Asst. Real Est. Officer Chalmers S. Brumbaugh - - Statistician RECORD REG. Copyright In 1931 by- WILLI AM B» Entered as Second Class Matter, March U. S. PAT. OFFICE DAN A C O M P ANY, In offico of Librarian of Congroaa» Washington# D. C» the Post Office at New York, N. Y.t under the Act of March I 1879, 9 1928, at NO. 8. new YORE, AUGUST 7 1931. VOL. 4. Financial fundamentals of this situation Sank Quotation Record k and to grasp, Terms for the Chronicle are flO per annum States, Alaska; except United other foreigu Canada and $13.50 in and Territories. In $11.50 within Continental countries and United States Possessions Foreign postage outside is $6.00 a year States and Canada, 50 cents extra. Bank & Quotation Record The subscription price to the of United CHICAGO OFFICE—208 South La 8alle Street. WILLIAM B. E. C. Smith, 1 Drapers* Gardens, OFFICE—Edwards & Publishers, New York. DANA COMPANY, William Street corner Spruce Street. REVIEW QF JULY—COMMERCIAL AND FINANCIAL EVENTS. other Taking its rise from a combina¬ important markets. the crisis waxed steadily with efforts at amelioration by government and financial leaders altogether unparalleled and altogether unavailing. It caused a breakdown of German economy and a suspension of payments by German banks, which were closed entirely for a two-day period (July 14 and tion and economic of July 15) by difficulties the regime, of full political circumstances, decree of the Reich Government. decrees dealing with various aspects an emergency Some thirty emergency of issued during July were payments by the banks, which had not been accom¬ plished by the end of the month. closed by the Berlin of them in preparation for the* resumption many The Berlin Boerse was July 13, and reopening is not expected until the on latter half of All of Central Europe August. by the troubles, and not a affected was few difficulties also were reported in the Balkan and Baltic lands. A ever-increasing scale until checked by the suspension of payments by Germany. This in turn virtual on an brought about a serious situation in London, which held large amounts of German short-term The panicky paper. spirit induced by the incidents throughout Europe sioned heavy balances London sterling exchange gold and occa¬ withdrawals of French and other Continental from Amsterdam as well, and in order to maintain was poured from London into Paris unprecedented scale. So serious did this situation become that the Bank of England finally, on an at the end of July, arranged a short-term credit of £50,000,000 with the Bank of France and the Federal Reserve Banks of the United States in These equal amounts. developments, which felt were All the German were accompanied by frantic in six moved were yeaips. declines exchanges keenly in all securities markets. were of closed by order of the Gov¬ downward in were $300 a even all external markets, $1,000 bond not raised in advanced with uncommon. Germany, Austria and other the Bank of England rate July 23, and finally Reichsbank rate a way first to was a ad¬ 3%% 4^% level July 30. Tyhe July 15 from 7% to 10%, and further advanced July 31 to 15%, while the Lombard Paris participating Funds thus secured private corporations supplied the on a by German public and needed not only money within the Reich itself, but also the sums required for repa¬ rations payments. to have The short-term debt, which is believed approximated $2,500,000,000, placed Germany in a vulnerable position, since there has been to build up satisfactory reserves opportunity no of gold and foreign exchange The financial debacle of 1923 and the zation the of old mark German factor in the present situation, as the in the minds of Germans and also of held German obligations. complete devalori- in itself was important an memory of it is keen foreign investors who The flight from the mark that brought about the present manifestations found expression not only in withdrawals of their credits by foreign investors, but also in an insatiable demand for foreign currencies by fear-stricken Germans who recalled holdings of Reich currency Since last summer, vividly their worthless and securities eight years ago. indeed, close to $1,000,000,000 is esti¬ mated to have been withdrawn from Germany by creditors and sent out of the Reich by About half this foreign panicky Germans. flowed out in the months following the sum German general elections of last September, which resulted in great gains for the extremist parties of the Right and Left and unsettled an political situation. Chancellor When Bruening and Foreign Minister Curtius went to Chequers early in June they advertised rather too well the precarious affairs of state made by the German leaders for foreign aid, then Pleas produced in Germany by the world-wide depression and the heavy reparations burden. economic a German Government decree imposing restarted the flight of capital from the Reich movement attained proportions that finally exceeded with together and the capacities of the financial institutions of the Reich. a little significance attaches, moreover, to the debt the Not suspension proposal announced by President Hoover June 20 which was designed as a relief from the pressure of inter¬ Germany naturally receives the greatest benefits of this arrangement, which was formally governmental obligations. Hailed throughout the world concluded only on July 6. as superb step toward recovery in trade and industry a French proposal met the everywhere, objections which delayed its application and in the period during which the Governments conferred on the means for placing it in value to withdrawals from Germany gained ever A temporizing measure of dubious attempted in the form of a $100,000,000 credit capital effect, ascendency. was the Reichsbank, extended June 25 in equal proportions by the Federal Reserve banks, the Bank of England, the Bank of France and the B. I. S. This credit was quickly certain, in $200 to security rate from London and New York, with Bonds of the Central European countries vanced, with the 2}^% figure giving or German on exhausted, and although repayable July 16, extension had countries, while on A high return large flow of funds to Berlin as New York, prices depressed, with trading at the slowest pace sharply Discount rates rate authorities, In London and Paris, as well ernment. of stocks very bank paper also induced a very greater conferences of Government heads and financial naturally almost years, heavier taxes, flight from the mark caused the crisis in part, and it continued floating long-term obligations. very a in recent short-term basis, owing to the difficulty of a holdings since the crash of 1923. menacing turn in July. Germany fell into a state of almost complete economic collapse, and the latter part of the month Great Britain suffered gold withdrawals hardly less severe than those previously experienced by Germany. The crisis, at first confined to Central Europe, rapidly spread and became the dominant feature of world affairs, finally involving all took European affairs on smaller scale. Single copies are sold at 75 cents per copy.. '/• LONDON has proceeded at a tremendous pace entirely not difficult German borrowing in other capital markets consequences. of the Quotation Record is one of the publications Issued monthly. and Bank The Commercial Sc Financial Chronicle and is are however involved the ramifications and the political was was on first raised to 15% and then to 20%. to be effected with ultimate repayment now altogether un¬ so far as the date is concerned. Use also was made, early in July, of a $50,000,000 private banking credit extended years ago by New York bankers to the Gold Discount Bank, a subsidiary of the Reichsbank, was were still outstanding and became available. and which These sums small in comparison with the demands upon German institutions for repayment of short term loans and for exportation of capital by Germans, and nothing remained for the German Government save the institutions in the Reich, which was closing of all financial effected by order of 2 MONTHLY July 13. Hoarding of highly a important within Germany also was currency element troubles, the of estimates matters in that July 6, will on superseded all crisis has suspension finally made was ment financial other public interest for the time being, it is apparent debt the which the proposal prove President Hoover, of < of international matter a agree¬ highly significant landmark a thus outlined accord The announced by President was Hoover, who stated that the "American proposal for one postponement of all intergovernmental debts and accepted in principle by all of the important creditor governments." The terms, he cautioned, are subject to the approval of the other interested powers. While certain payments are to be made by Germany on year's placing the figure at 1,500,000,000 marks. Although KEVIEW reparations has now been added, the substance of reparations account, Mr. Hoover As indicated in our preceding issue of this Record, the negotiations between proposal is retained as the sums so paid are immediately reloaned to Germany. "The technical difficulties arising France complicated international agreements which payment between governments of over $800,000,000 per annum are now in the course of solution by the good-will and earnest co-operation of governmental leaders everywhere," Mr. Hoover said. "The American part of the plan is, .of course, subject to approval by Con¬ gress, but I have received the individual assurances of support from a very large majority of the members of both in political last. and and financial history. United the It may relief from the strain of between States remained delicate capital exports hastened the accorcl French the and American As Governments. formally announced late July 6, the agreement the the to be surmised that the need of Germany for preserves spirit of Mr. Hoover's proposal, and it is to be hoped that the aim of "giving the forthcoming the world" of recovery moratorium for the year to the economic will be realized. beginning July year It provides 1 1931 a the on reparations and inter-governmental debt payments growing of out the Wond huge overhead transfers become have disturbing effects of these international trade and finance on and more crisis continued and th The War. apparent more as the economic deepened, and the salve applied through agreement is undoubtedly one of the most wholesome 3 Sacrifices entailed in the agreement will fall chiefly on United of about the in States and France, with respective amounts $246,000,000 and close to $100,000,000 involved Great Britain will sacrifice about postponements. $55,000,000, owing partly to the extension of the moratorium arrangement the to Dominions and Government the India, while Italy will forego receipts of $9,000,000 and above the ferred to beneficiary, United Governments. the as States amount proceeded, there sacrifice is postponed reparations, on As the debt negotiations growing realization that the French consideration. into This occasioned standing of the French position that this country at first. resources was of France an under¬ not general in |rom fear to confidence, the swinging of nations from the apprehension of disorder and governmental collapse to hope and confidence of the future. It means tangible aid to unemployment and agriculture. The almost unanimous support in the United States is again profound evidence of the sincere humanity of the American people. And in this devoted to economic upbuilding, the world has need thought on the causes which have contributed to the imposed and the fears aroused by competi¬ armaments. Contemplation of the past few weeks tive should bring a realization that we of prime importance. An tion of the national postponed payments. It is provided that Germany due during the year suspension, but the payment is to be invested by the Bank International for Settlements bonds in guaranteed many in 10 annual payments ment, beginning July 1 1933, and they creditor governments on the of are preceding fiscal also to are to suggested by the United States Govern¬ as in other words at the or to be amortized their average own rate paid by the public debt at the end These conditions, year. moreover, apply to the bonds issued by the German railroads. Three further points were Government, although it that agreement Government. they It was touched was do upon by the French remarked specifically in the not the concern observed that a United "common action States by the principal Central banks acting through the medium of the "It will be readily country," my is ever co-operation for contingent Laval peace. on the work of inter¬ It will be observed that the permitted France's inviolable If the accord which has the re-birth of confidence in the gesture will not have been in vain, our M. understood that the govern¬ maintain Franco-American solidarity, to than more important decision which an for right to reparations to be limited. world, bear interest "It is sacrifice been reached gives rise to leave the Reich. The are made in Paris at the same time by French Government has not by the German railways, so that the funds will not actually suspended payments severe desired ment which of was announcing the con¬ statement equally important clusion of the accord a several times intergovernmental debts." the amount of These relate to the unconditional annuities and the amortiza¬ the unconditional annuity must find relief from these fundamental burdens which to-day amount to declared. pay I need not repeat that one of these causes depression. is the burdens suspension of payments, but as the swinging of men's means minds that of the one-year will particularly aimed to afford economic yet economic relief relief, involves stand out lightened. Europe will be immensely July 6, the main factor is of three additional points and Central seriously oppressing the peoples of Germany In the agreement reached course The economic load most governmental budgets. Premier Pierre Laval. . world-wide depression and with all others suffering from deficits in of solemn population and people and by the Allied governments, who the American are sacrifices by acceptance of this proposal has meant The year, payments irrespective of political affiliations. the Senate and the House, normally have been trans¬ proportionately greater than that of the United taken many involve the aggregate Germany will be the chief $394,000,000. was a States when the smaller are of over Army of Occupation and other claims will about to that would sum other from "While the plan is that Governments could make available. the the and if Ger¬ understands the extent and meaning of our generous attitude a new era be will open for these two peoples." Secretary of the Treasury Andrew W. Mellon, who bore the brunt of the work in the negotiations at Paris, stated to representatives that all meetings of the French and press American negotiators had been most congenial A question that was and pleasant. discussed rather broadly in the public prints, but apparently not in official exchanges, was cleared at the same time by Chancellor Heinricli Bruening up Germany, who gave assurances of to United States Ambassador Frederic M. Sackett that the financial relief extended Ger¬ many would not be devoted to The of the an increase of German Chancellor's statement was B. I. S. shall be organized to assist the countries of Europe armaments. which would be particularly affected by the postponement published at Washington, July 5, and there were assurances of the was in payment as proposed." A preliminary understanding stipulated, secondly, between France and the B. I. S. order that France shall not supply the guarantee fund provided for in the Young plan in the event of a moratorium at the same text time that it was not due to external "In view of the fears which have sprung up Chancellor the German said, "that the amounts in suggestions. some circles," released except by monthly payments in accordance with the needs might be used to increase armaments, I declare that of the B. I. S. after actual transfers of crease The third of these in kind, points concerned the question of deliveries and the various modifications which will become necessary as a result of the application of the American proposal and the agreement is to be studied principal sities of powers, with France the payments by Germany. the by a as finally reached. This question committee of experts named by the "which shall reconcile the material neces¬ spirit of President specifically reserved the right, German Government Hoover's moreover, "indispensable sums freed to the Reich budget." in the holiday take place. appropriations for the year from the Hoover entirety to has never cover plan and navy been contemplated, are nor an in¬ during will it required and will be used in their the deficits in revenue which are to be expected, to consolidate financial conditions and to save German economic life." This to the French to request the German Ambassador to assurances army The aggregate alleviations accruing to Germany proposal." concerning the utilization for exclusively economic purposes of the the in the budget by the relief from reparations payments assurance was communicated Government, July 8, by Leopold von Hoesch, Paris. 7 Notwithstanding the conclusion of this accord and the relief thus measures extended the were found German necessary Government, emergency within the Reich in the MONTHLY REVIEW days immediately following in order to relieve the strain occasioned by the immense flight of German estimates placed the at about $500,000,000 conversations and after Through all the dispatches ran a vein of pessimism induced by a growing realization that aid probably would not be forthcoming and would be too late even if finally extended. , capital from the Reich figure of the export of capita the start of the Chequers Dr. succeeding weeks. To gether with the exportation of earlier months, this made presided. the with withdrawals aggregating about together proved insufficient change made An on $1,000,000,000. $150,000,000, to the meet The already demands referred to foreign ex for July 7. and "willingness the given by 1,000 financial and indus impression prevailing in some quarters that the Bruening Government had appealed to President Hoover was denied the day by Acting Secretary of State William R. Castle Jr., who informed Washington correspondents that no communications of any kind had been exchanged with the German Government during the day by Mr. Hoover It was admitted, ho"wever, that the President was following late in Reichsbank, remarked that they desired to restore drawals. Bank," be in Germany and prevent further credit with¬ "Under the letter formed, the leadership continued, consisting the of "a industrial, guaranty the to extent of action of the bility sum German Gold will be apportioned by method among 1,000 of the by of means conceived." Legal effect the decree us the according to key which was has already been given this offer July 8, when issued by the Bruening Govern¬ empowering the Gold Discount Bank to engage in suggested was credit operations "in the interest of the 9, the sudden de¬ parture of Dr. Hans Luther for London and Paris, in order, said, to negotiate was huge credit estimated at $400,- a 000,000 to $500,000,000. The Reichsbank head left Berlin by airplane after frequent telephone conversations with Montagu Norman, Governor of the Bank of England, and arrived in London the day. same tion with Ambassador After hurried consulta¬ a Neurath, he met Mr. Norman by appointment and the two bank heads journeyed together on a boat train for Dover, with Basle as their ultimate von destination. Dr. Luther conferred July 10 with Governor Moret of the Bank of France. Reports from Clement Berlin, London and Paris all suggested would attempt to arrange a credit of or more Federal stated 1,000 with the Banks Reserve that Bank he would German firms of use as Dr. Luther 1,500,000,000 marks England and France and the New of that the one York. Berlin dispatches of the important resources backing the proposed credit. Regarding ducted the by Dr. actual Luther in his of the negotiations attempt to tional aid extremely little is definitely The secure con¬ interna¬ known publicly, but it may be surmised that he received little anywhere. encouragement Reichsbank President arrived in journeyed to the Continent together. directors was Their ultimate des¬ Basle, where the regular meeting of B. I. S. scheduled for July 13, but Dr. Luther changed his plans several times before proceeding finally to the Swiss city. He conferred July 10 with Governor' Clement Moret of the Bank of France at a meeting in Paris, and it appears from reports that the earlier French political de¬ mands were reiterated and perhaps even amplified in the was of this discussion. Dr. Luther's appeal to the French central bank for aid received the sympathetic at¬ tention of M. Moret, accounts said, and late in the course same day he again stated his Minister of Finance. case to P. E. Flandin, His final conference of the French dajr was with Louis Franck, Governor of the Bank of Belgium, who flew from Brussels to Paris to meet him. Technical dif¬ ficulties in the way of raising the amounts needed by Ger¬ brought forward, it was said, but these were considered formidable. Emphasis was placed, reports many not were to the New York "Times" and New York "Herald Tribune" stated, rather on the political guarantees by Germany that would have to accompany French participation in any ex¬ tension of credit. These, it was said on the basis of un¬ official reports, would take the form of pledges that Ger¬ many would abandon her projected customs union with Austria, and also suspend construction of the 10,000-ton armored cruisers known as "pocket battleships." Reports July 11 revealed little save complications, some of the statements, indeed, being distinctly contradictory. Prime Minister MacDonald were and Foreign keeping in closest touch In Paris it was suggested said to be developments in Berlin. that a time that central bank credits appeared huge international flotation of long-term German bonds might be the sole available means of saving the situation. Leading New York bankers remarked at the possible solution, assurances on such advances to to offer the only be accompanied by they wiU Germany during the part of commercial banks that their withdrawals of balances from the period of the loans. It was intimated here that even such arrangements would have to wTait upon the outcome of the Basle meeting of bank heads. The Bruening Cabinet met in Berlin early July 12 to deal with the situation and continued its deliberations for almost 18 hours. At the conclusion of the hours of July 13, it und Nationalbank was meeting, in the small announced that the Darmstaedter (Danat Bank) would not open its doors Monday morning, July 13. Full responsibility for the orderly liquidation of the institution, which was one of the largest in Germany, was assumed by the Government, with all payments to depositors guaranteed. Orders were issued the same time for the closing of every stock exchange at throughout the Reich July 13 and 14, this measure being taken to prevent panic and the wholesale flight of capital from Germany, which otherwise wrould ensue from the closng of an institution with the prestige of the Darmstaedter und Nationalbank. one The "Danat Bank," as it has been called, leading Berlin institutions and is one of the of "D" banks which includes also the Deutsche Bank of the group und Disconto Gesellschaftand the Dresdner Bank. the bank Capital of $15,000,000 and reserves amounted to an equal It was noted at the time that the bank had important wras investments in the Danziger Bank fur Handel under Gewerbe, and the Mercurbank of Vienna. A half dozen leading bank presidents of Berlin and a number of German industrial leaders were said to have participated in Cabinet discussions wrhich resulted in these measures. The seriousness of the German situation London by airplane July 9 and he conferred with Montagu Norman, Governor of the Bank of England, as the two bank heads tination Germany. figure. course tense international situation. London stated Office officials also is joint guaranty offer of the of with the cease maintenance of German foreign credit." To these measures was added, July it from certain a a The "Financial that a private meeting of the London acceptance and banking houses was held July 11 to discuss means of checking the withdrawals of credits power This lia¬ Bank. drawn into News" marks leading German organizations distribution a an emergency ment Discount wil assume 500,000,000 in order through this guaranty sum to strengthen of developments with the greatest care and concern. impending financial disaster in Germany produced consternation in London, as it was immediately realized in that keenly sensitive market that all of Europe would be The banking shipping, and commercial organizations, which will collateral the Discount guaranty syndicate German of Gold closing of the German securities commodity exchanges for a time.- At the request of Government, United States Ambassador Fred¬ eric M. Sackett was said to have cabled an urgent appeal for aid to the Federal Reserve Board in Washington. The announced in Berlin was 000,000) to back foreign credits. A joint letter addressee by the 1,000 organizations to Dr. Hans Luther, Presiden of The gathering continued until early July 12, definite conclusions reached, but it was suggested the German trial leaders to place at the disposal of the Gold Discount Bank a security guarantee of 500,000,000 marks ($119, confidence no all private debts and the Government, was by airplane, reaching the reject the French political demands. It was also stated that the Bruening Government debated the declaration of a moratorium on the Reichsbank A pledge Berlin in press accounts that the Cabinet would impressive step, designed to demonstrate the solidarity to assist the Reich to Bruening credits two of German bankers and industrialists and their / Luther returned German capital late July 11 and immediately proceeding to a Cabinet meeting over which Chancellor Heinrich the; five in was the reflected in other centres of government and finance. A prelimi¬ nary consultation of B. I. S. directors was held in Basle July 12, with Dr. William Vocke representing the Reichs¬ bank, Mr. Norman the Bank of England, M. Moret the many Bank of France and Signor Beneduce the Bank of Italy. No announcement ference. was made at the conclusion of this A last minute attempt to secure French aid con¬ was reported in Paris, where the German Ambassador, Leopold von Hoesch, called upon Premier Pierre Laval late in the day. A communication issued after the meeting stated merely that Dr. von Hoesch outlined to the President of the Council the seriousness of the German situation. "Pre¬ mier Laval reviewed France's stand and again emphasized ler desire to prevent a German collapse," a Paris dispatch ;o the New York "Times" said. "He also urged the im¬ possibility of her intervention until the world was reassured as to Germany's intentions to take the strongest measures on her own account for her own economic security and of ler intention to take the definite political steps for which France has been asking." Also of general interest were consultations on the matter in Washington and New York, July 12. Acting Secretary of State Castle issued a statement in which it was intimated i;hat American bankers would probably participate in any effective arrangements that might be made at Basle, July 13, ;o deal with the situation. Referring to the prospective meeting of the bank heads in Basle, Mr. Castle said: "Ob¬ viously any plan for a banking solution must originate from these banks which are on the ground, and it is my understanding that our bankers are prepared to consider assistance in any effective plan of relief that they shall MONTHLY REVIEW 4 leading Reserve officials Bank of New York, with Ogden L. Mills, Acting Secretary of the Treasury, and S. Parker Gilbert, former Agent General for Reparations Payments, participating. Mr. Mills issued a statement after the meeting in which he remarked that the position of the United States Government in the German situation was clear. Calling attention to the President's debt sus¬ evolve." was In New York a meeting of Monday morning, July 13. He re¬ ported fuliy on the situation in Germany, advices said, and secured an extension for a period of three months of the credit expiring July 16. The B. I. S. participation in the $100,000,000 credit was $25,000,000. Directors of the bank issued a communication late in the day which by airplane only on held at the Federal Reserve pension program, Mr. Mills pointed out that more than $400,000,000 had been made available for the rehabilita¬ and commerce. "That is the only has either the oppor¬ tunity or the authority to intervene," the statement con¬ tinued. "It is, of course, well known that the government has no control over the foreign credit policies of the Federal !Reserve banks, and under a well established and sound tion of German industry direction in which our government public policy they have been kept free from influence or interference. executive It should not be forgotten that the problems with which we are concerned to-day are funda¬ mentally European problems and can best be solved through -the initiative and concerted action of those who are closest <ho the situation." appeared speedily, July 13, that the crisis within was no longer subject to control by ordinary and that extreme steps would have to be taken to deal with the situation. Withdrawals of funds from banks It Germany measures throughout the country were heavy, leading to the belief, Berlin dispatches said, that many institutions would fail if the runs were allowed to continue. A decisive step was accordingly announced late, July 13, when a government published closing all banks for two days, with the sole exception of the Reichsbank. The execution and acceptance of payments and transfers of any nature at home and abroad were prohibited. A decree prohibiting trading on the securities exchanges was issued at the same time. It was announced officially, moreover, that the decree was holiday would be used by the government and the banks to devise means of meeting monetary requirements at the re-opening, July 16, especially those relating to the payment of wages and salaries. The necessary authority for all these measures was provided in a series of emergency decrees signed by President von Hindenburg under Article 48 of the Weimar Constitution. ;— r" # - • proclamation announcing the assumption of responsi¬ bility for the liquidation of the Darmstaedter und Nationalbank also was issued by the Bruening Government, July 13. Calling attention to the vast sums withdrawn from Germany during the weeks of controversy over the Hoover proposal, the proclamation stated that "complete tranquillity" had not yet set in. The need for halting' the withdrawals was remarked upon, and it .was added that the Reichsbank and the Gold Discount Bank would endeavor to secure the A longest term credits possible abroad in order to help private German economy. "In the pourse of these events and despite all efforts, the Darmstaedter und Nationalbank came to a was not liquid," the statement said. The authority to meet the great dangers arising from this matter had been provided. "It is not a matter," the statement continued, "of saving the capital of the bank, but of preserving the property of hundreds of thousands of its customers and thus saving their enterprises from shut¬ down or even failure. Only from that viewpoint will the Reich assume responsibility for eventual shortages. It is a matter of course that the affairs of the bank will be supervised condition which necessary epitomized all the real information emanating from Basle on that day. "The board of directors took note of the statement presented to it by Dr. Luther, President of the Reichsbank, on the situation in Germany and the satisfactory character of her economic and budgetary position in spite of the crisis brought about by the with¬ drawals of short-term capital from Germany, the state¬ ment said. "The German Government, having approached the various Governments with a view to obtaining financial assistance on their respective markets, the board, being convinced of the necessity for such assistance under the present circumstances, declares it is prepared to collaborate therein and strengthen the assistance by all the means at the disposal of the central banks. In the meantime the board authorized the President, in agreement with the other institutions concerned, to renew its particpation in the rediscount credit previously accorded the Reichsbank." Extension of its participation in the $100,000,000 credit was announced the same day by the Bank of France, while similar action was taken by the Bank of England and the Federal Reserve System July 14. There were few de¬ velopments within Germany July 14, owing to the closing of the banks and exchanges. Ample evidence appeared, however, of the effects of the crisis in other Central Euro¬ pean countries. The German Government debated ail day the measures that might be taken to meet the demands when the banks should reopen July 16, it was said. A severe reaction from the German crisis was felt July 14 in Hungary. After a long meeting the Cabinet Council in Budapest decided before the day's business began to issue a decree closing all Hungarian banks and financial institutions from July 14 to 16 inclusive. Banking circles in the Hun¬ garian capital claimed, reports said, that the closing was due only in part to the German troubles, with a halt in the negotiations for a $25,000,000 credit from abroad playing an equally important part. In Vienna the Mercurbank, affiliate of the1 "Danat Bank, closed its doors July 14 after a Government decree granting it a three months' moratorium had been issued. A calming statement was issued by Finance Minister t Joseph Redlich, who said the bank's troubles resulted solely from its connection with the German institution. The situation in Rumania attracted a little attention, owing to the suspension of the Banca Dacia in Jassy with uncovered liabilities of $1,250,000. Some doubts were expressed as to whether the difficulties were due to the German crisis. Banks in the free city of Danzig felt the repercussions severely and limited their payments to 10% of demands. Latvia also felt the matter severely, the Riga International Bank and the Bank of Libau suspending payments. The Latvian Cabinet guaranteed the deposits of Latvian currency, but asserted it could not extend assistance to depositors whose accounts A number of banks in and unrest New its troubles by lack of self- Juiy other cities allied with the Danat July 13. Among these were York debate a conference, on Great Britain, it was said, favors open disarmament, the intentions of Germany with the $400,000,000 considerable portion thereof, regarded as necessary to put Germany back on the road to economic recovery." Much interest was taken in a visit to Paris by the British Foreign Secretary, Arthur Henderson, in anticipation of the proposed journey of Prime Minister MacDonald and Mr. Henderson to Berlin later in the week. the several Governments to lend to Germany to $600,000,000, or a Secretary talked at length with the German London before leaving. It was reported The Foreign Ambassador in in ithe British capital that he would France to abandon her insistence on attempt to persuade political guarantees aid to Germany. ordinances designed to meet the situation at the opening of the banks on July 16 were promulgated by the German Government the previous day. None of the extreme measures at first considered were utilized, as a condition for extending Emergency the Reich leaders contenting themselves steps. The first move was the raising of the Reichsbank discount rate from 7% to 10%, while dispatches .said, with The the press "Such regard to Austria, and the possibilities of a new policical understanding beLwem France and Germany. It is hoped that new reassurances can be obtained which may enable foreign credits, the bank having repaid since June 30 nearly $240,000,000, he stated. The Reichsbank applied rigorous credit restriction measures, July 13, refusing to pay out vital necessity.^ said. Tribune" "Herald prevailing. now Goldschmidt & Co., of Berlin; Hammerstein Bros., of Berlin, and Otto Hirsch & Co., of Frankfort a-M. The large German banks adopted various policies July 13. to meet the huge demands made upon them. The largest institution, the Deutsche Bank-Discontogesellschaft, re¬ fused to pay more than 10%, while in some instances only 3^% of deposits were granted by the institution. The Dresdner Bank began paying 100% where demanded, but after conferences with the directors of other leading banks, followed the precedent set by the largest institution. It was reported in a Berlin dispatch of July 13 to the New York "Times" that the government will pay the debts of the Danat Bank "only if its reorganization fails and only for amounts which are not covered after a full liquidation of its assets." The guarantee pledge was given by the government, it was said, only after other leading banks declined to assume common responsibility for the Danat Bank's lia¬ bilities. Jacob Goldschmidt, head of the bank, attributed the difficulties of the institution to the heavy withdrawals of remained calm throughout this period of stress, and there were also no public disorders. Another act of the drama was played at the same time in Basle, where the directors of the Bank for International Settlements gathered for a 12-hour session to discuss ways and means of aiding Germany. Dr. Luther joined the deliberations late in the day, as he departed from Berlin reported from the British desires as outlined here, would attack all the causes of crisis, unrest and lack of confidence Schwarz, German were "Great Britain intends 14. according to institution closed their doors, foreign exchange except in cases of international disaffection, German financial general causes of to propose the immediate convocation of a conference of European Premiers to devise means of dealing with the present financial and political deadlocks of the Continent, a dispatch to the Basle confidence." ' Governments were preparing to meet for a discussion of the situation in particular, and also of the by trustees of the Reich Government. ISlo irregularities in conflict with the laws have been ascertained. It is essential that in this difficult situation the German people should keep its nerve and not augment in foreign currency. are Indications that heads of the leading conventional Lombard rate (on collateral loans) was moved up at 10% to 15%. A further emergency decree legalizing two general measures for dea'ing with the situation was signed by President von Hindenburg. It was provided that German banks and credit institutions might, during the remainder of the week, pay out money only to provide funds for payment of wages, salaries, and the • i " -• same time from -'r •' -r;'"'-y.- '••••• : •'.f: 't-'ir -.y r. •• ■ ' MONTHLY unemployment insurance. Severe restrictions were placed, same time, on transactions in foreign exchange, all such dealings to be conducted solely by the Reichsbank. at the | REVIEW 5 was afforded by the reopening of the Danat Bank under Government auspices July 17, although payments were small.* A drastic ordinance against the flight of capital to other An announcement by the British Foreign Office at mid¬ night, July 15, summoning a conference of European Minis¬ ters to a London meeting the following Monday was known to relate directly to the German situation. This step was considered, according to London dispatches, as the most sweeping move yet made to meet the rapidly developing countries emergency. The hour at which the announcement was made was itself considered evidence of the emergency nature of the move. The meeting, the official announcement further decree of the German Government, issued July 18, provided for a slight relaxation of the bank holiday regulations and resumption of limited bank pay¬ ments. This was accepted as the initial step toward the restoration of normal banking conditions. Banks were re¬ quired to pay, under this decree, not more than 5% of the deposited amounts to depositors and in no case more than 100 marks. Payments on savings bank deposits were lim¬ ited to 20 marks, while on letters of credit the sum was explained, would be in relation to the in London for the purpose of adjusting debt suspension proposal that gathering of experts details of the Hoover might be in conflict with the Young plan. "His Majesty's Government have decided it is now necessary to summon immediately the conference of Ministers, which to the was foreseen at the time of the invitation experts' committee," "It is the statement said. desired that the conference of Ministers should meet in London at 6 p. m. Monday, July 20. The experts' com¬ mittee will, as arranged, arrive Friday and will put them¬ selves the at disposal of the Ministers Monday." on It indicated that Prime Minister MacDonald and Foreign Secretary Henderson would make their projected trip to was Berlin July 17, but this plan "The latest was subsequently changed. of the British Government move day of tension such as came after financial London has not known a even was issued July 18. All possessors of foreign ex¬ change were required, under this decree, to offer their hold¬ ings to the Reichsbank and upon demand to sell them to the German central bank, while foreign security holdings purchased subsequent to July 12 were made subject to the. same stipulations. ; A limited to 100 marks. These limitations were made effec¬ tive for the period from July 20 to 23, inclusive. A clearing house arrangement between 43 Prussian banks was an¬ nounced of this to as London for the meeting. definite indication of a This proceed accepted in Europe was break in the established American policy of aloofness from European affairs. In Washington was explained officially, however, that American partici¬ it pation would be different from that the United States would not of the other inject itself into Powers, since any European political considerations. The two American Secretaries, however, would participate on the same basis as the Euro¬ pean Premiers, it was added. "The attitude to be followed by Mr. Stimson at the conference," an Associated Press dispatch from Washington said, "will be to maintain a friendly interest in both the German and French positions, but stressing the fact that one of the best things which could occur at the German present time would be a settlement of the Franco- divergencies." A preliminary exchange of views was reported in progress in Paris July 16 among representa¬ tives of the United States, France and Great Britain. Secretary Stimson arrived in Paris from Rome on that day on his tour of European capitals. Mr. Mellon also was in France at the time, enjoying a needed rest from the then recent Paris conferences on the Hoover debt suspension proposal. It was reported in New York, on the basis of private advices to banking interests, that a plan for extending a loan of $500,000,000 to Germany was under consideration in Paris. The would be secured, it was remarked, by German receipts. Complete changes in the plans for the series of inter¬ sum customs national conferences of were necessitated by the announcement forthcoming gathering of European and American the Government heads in London. Prime Minister Ramsay the trip which he was to make to July 17 with Foreign Secretary Henderson. This journey was contemplated as a return visit for the stay of Chancellor Bruening and Foreign Minister Curtius at Chequers early in June. A statement by the London Foreign Office said: "There has developed action of inter¬ national solidarity to achieve assistance for Germany. For the first time in long years the United States is represented officially in negotiations of particular interest to Europeans. It is unnecessary to emphasize the importance of this fact." Reopening of the banks in Germany July 16 after the two-day enforced holiday, was accomplished with a minimum of disturbances. Rigid rationing measures were enforced only by the savings banks, it was said, as the crowds waiting MacDonald cancelled Berlin for these institutions to open were far those at the commercial banks. more numerous They however, and measures of were readily than well behaved, accepted the assurances that no contemplated. Demands for business purposes and for payrolls and similar needed dis¬ bursements were promptly met. The situation in the Reich July 17 was not quite so calm. In most areas of the country the day, which was the first general payday since the many emergency decrees were promulgated, passed without inci¬ dent. inflation There were however, and also munist elements. ing Government to but this was were Communist riots in the Ruhr area, forays between Fascist and Com¬ An attempt was made to force the Bruen¬ some convene unsuccessful. the Reichstag at an early date, The extremist press in Germany hostile tone to the Chancellor, with adopted an exceedingly general distrust of the Paris negotiations in evidence. Various regulations for the control of the financial situa¬ tion within Germany were promulgated by the Reich Gov¬ ernment in the days that followed. A favorable indication a a greater freedom between consortium" were members specifically of ex¬ institutions throughout Germany, but there were no riots or other troubles and the police had no difficulty in main¬ taining order. A decree by the Government imposing rather Interest in the coming London conference became intense was learned that President Hoover had instructed Secretary of State Stimson to represent the United States at the gathering.. It was stated in Washington that Secretary of the Treasury Mellon also would "Prussian Transfers empted from the emergency decree. When the banks re¬ opened on July 20, thousands of depositors were in line at voked July 16, when it transactions. so-called for point since 1925." July 18, in order to make possible check in the present protracted crisis," a dispatch to the New York "Times" remarked. "This time concern was felt not only Germany's finances, but for the pound sterling, which, under pressure of persistent withdrawals, fell to the lowest , late severe censorship regulations on newspapers pro¬ little resentment, but the restrictions were modified. Suspension of the J. F. Schroeder Bank of Bremen was an¬ nounced July 20, this incident a naturally producing fortunate effect. an un¬ The institution had capital and reserves of $3,750,000. Expiration of the decree covering bank withdrawals up to July 23 was followed on that day by the promulgation of a „ further decree of relief a . very similar tenor. A little additional extended the was hard-pressed German people, but again the rulings were only temporary, with a further re¬ consideration scheduled for the following week. For the period from July 24 to 28, inclusive, depositors were per¬ mitted daily withdrawals up to 200 marks, as against 100 marks previously, and single withdrawals of 30 marks from savings accounts, instead of 20 marks. No proof of need was required from depositors wishing to withdraw sums from the banks under the new decree. Provision also was made for restricted transfers of money by checks from one account to another. Important also was a decree issued July 22, providing for the issuance of 500,000,000 marks in new silver 100,000,000 marks in new copper coins, to aug¬ ment the existing coinage of 1,200,000,000 marks and relieve the prevailing shortage. No decision was reported as to the date for minting the currency, but it was suggested in Berlin dispatches that only a part of the authorized increase of 600,000,000 marks would actually be issued. Emergency measures in Austria and Hungary reflected coins and at the in Central time the and growing incidence of the financial crisis Southeastern Europe. The Austrian Na¬ tional Bank advanced its discount rate July 22 from 7^ 10%, while the rate on international mortgage transactions was raised to 11%. It was explained officially that the increases were occasioned by the great strain in the Euro¬ pean business world. The Hungarian Government an¬ nounced on the same day that the restrictions on bank pay¬ to ments and exchange traffic previously adopted would be July 30. The authorities of the Budapest continued until Stock Exchange announced would be kept closed tion The simultaneously that the institu¬ until the end Legislatures in both Austria and of the month. Hungary adopted bills for greater economy in government. Some perturbation was occasioned in Rumania by the withdrawals of but the short said to be term commitments of that credits, country were relatively small. The representatives of the Seven Powers began their final of conferences on the German financial situation series in London late Monday, July 20. The countries repre¬ Germany, France, Great Britain, the United States, Italy, Belgium, and Japan. The conference con¬ vened Monday evening, hardly an hour after the arrival of the French, German, Italian, and Belgian delegations from Paris. Prime Minister Ramsay MacDonald called the meeting to order at the House of Commons, and he made a conciliatory speech in which he suggested that sented were the discussions be confined to financial and economic ques¬ Welcoming the delegations in the name of the British Government and people, Mr. MacDonald tions. suggested that the gathering "may be one of the turning points in history of the world, for good or ill." He emphasized the necessity of finding a solution for the present crisis in Germany, and spoke at length on the causes leading up to the difficulties. "Our position, in a word, is to restore the confidence of the foreign investor in Germany," Mr. MacDonald remarked. "Clearly, the problem has both political and financial sides, but the mind of this con¬ the ference is that question of what can be done must be reserved for bankers and financiers, the Prime Minister to be concentrated on the latter." Admitting the largely indicated that two main alternatives were apparent. "The is to find the means of providing new loans or credits to Germany," he continued. "The other way would be one •- to monthly review : e attack directly the i—-——■■ mi | „ . question of whether by strengthening1 the internal position of Germany we can give an assurance of its stability to the outside world so as not only to pre¬ vent the capital that is already in Germany from being withdrawn, but to enable it to be augmented." The need repeatedly emphasized by Mr. MacDonald. Premier Laval and Chancellor Bruening made the only other addresses at this first meeting of the delegations at London. M. Laval dwelt at length on the sacrifice en¬ tailed for France in her acceptance of the Hoover debt for haste was suspension proposal. He made it plain that the Government, while it understood the difficulties French of the present situation in the Reich, was willing to participate in a credit to the Reich only on condition that the guarantees frequently mentioned unofficially in dispatches from all European capitals were forthcoming. French public opinion indispensable, he declared. "M. London dispatch to the New York "Herald Tribune" said, "that any loan to Ger¬ many must be attended by a pledging of German customs receipts and stressed the fact that French public opinion demands also assurances of Germany's good-will in the political sense." Chancellor Bruening, who followed, gave £t detailed account of the flight of capital from the Reich since the Chequers conversations early in June, and stated that Germany was in dire need of credits. Washington reports of July 20 indicated that suggestions of the Hoover Administration for the alleviation of the financial difficul¬ ties of Germany would be submitted to the London con¬ ference Tuesday, July 21, by Mr. Stimson. Wlien the London conference was resiimed on July 21 there was published throughout the world an American proposal for meeting the emergency. It appeared subse¬ quently that this proposal had been submitted in Paris late the previous week through Secretary Stimson, and that most of the deliberations of the governmental gather¬ ing had been based upon it. Publication of the document was followed by renewed efforts to arrange matters in accordance with the suggestions of President Hoover, other views dropping into the background. Two major sugges¬ tions were outlined in the proposal. The first called for the renewal, for an unspecified period, of existing shortterm credits to Germany. The second called for the se¬ lection of a committee by the B. I. S. to consider the credit position of the Reich and develop plans over the next Bix or eight months for conversion of some of the short-term into long-term credits. These suggestions were hailed with great enthusiasm in the political world, but bankers were more reticient. It was pointed out by financial authorities that the immediate and essential element of any plan was the prolongation of present short-term credits, an emergency measure which was voluntarily undertaken by the banks deemed such guarantees Laval reiterated his conviction," a 1 - i--1 mm* -■ i, n apparently useless. An official communication stated' merely that the conference was considering the maUer of international financial co-operation for the* restoration of confidence in Germany's ecnomic stability. As a result of the proposal by President Hoover and the deliberations of the sub-committee of Finance Ministers,, it was clearly foreshadowed in London July 22 that a credit plan would be evolved with a series of recommendations with the obvious necessity of closely in accord extending existing commitments and furthering the emergency measures already taken by the Berlin Government. It was stated Ministers would propose a further re¬ newal of the $100,000,000 short-term credit placed at the disposal of the Reichsbank in June by the Federal Reserve banks, the Bank of England, the Bank of France, and the B. I. S. This credit was extended on July 16 for a period of three months. Chancellor Bruening and his colleagues of the German delegation made further efforts for,.securing long-term credits, but these were apparently of little avail. definitely that the The conference ended July 23, with, as one correspondent "a chorus of self-congratulation upon the part of the statesmen who participated in it, but without noticeable enthusiasm being displayed by the world's banking or indus¬ put it, as to the immediate value of the pro¬ An official communication, issued at the close of the gathering, summarized the developments and con¬ clusions. It was remarked that the Governments repre¬ sented were "ready to co-operate so far as lies within their power to restore confidence," and that they were ready to recommend for the consideration of the financial institutions in their respective countries specific proposals for relief. These were, first, that the central bank credit of $100,000,000 granted the Reichsbank be renewed at maturity for a period of three months, and secondly, that concerted measures be taken by the financial institutions in the dif¬ ferent countries with a view to maintainig the volume of credits they have already extended to Germany. A further recommendation related" to the committee which President Hoover suggested should be set up by the B. I. S. to inquire into the immediate further credit needs of Germany and to study the possibility of converting short-term into long-term credits. Note was taken of a communication from Dr. Bruening relative to the joint guarantee recently placed by German industry at the disposal of the Gold Discount Bank, and the opinion was expressed that a guarantee of this description should make it possible to provide a sound basis for the resumption of normal operations of inter¬ trial communities ceedings." considers that if these will form the basis for more permanent action to follow," the communication stated. "The conference also decided,"' it was added, "that a committee of experts should proceed with an elaboration of the detailed measures required for giving effect to Presi¬ when the crisis became acute. dent Hoover's proposal for a year's suspension of inter¬ "The essence of the problem," the formal proposal stated, governmental debts.'1' "is the restoration of confidence in Germany's economic President Hoover issued a statement in Washington late life, both in Germany and abroad." On the political side, July 23 in which he praised the London conference as it was suggested, friction should be eliminated so that the having laid "sound foundations for the establishment of world might rely upon the political stability of Europe. stability in Germany." The major problem, he remarked, On the economic side, to which ,the proposal was devoted is one affecting primarily the banking and credit conditions almost exclusively, it was remarked that the present emer¬ and can best be solved by the voluntary co-operation of the gency was strictly a short-term credit crisis. After a brief bankers of the world rather than by Governments with their reference to the drain on Gerrhany banking resources and conflicting interests. Secretary Stimson issued a statement' tho depletion of German gold and foreign exchange holdings, in London in which he remarked that he and Secretary the proposal remarked that fundamentally there was nothing Mellon were very well satisfied with the results of the to justify these movements. "If, through co-operative gathering. The friendly meeting of French and German action, they can be arrested, there is no reason why the Ministers was emphasized by Mr. Stimson as one of the present emergency cannot be immediately and definitely outstanding points of the conference. "It reassured the surmounted." it was said. The flight from the mark, in world with respect to political conditions and greatly tended so far as it is of German origin, was, of course, left to the to restore a basis of confidence," he added. Prime Minister "vigorous action of the German Government and the MacDonald also expressed his pleasure at the results of the Reichsbank." Dealing specifically with external credits, meeting. "An agreement between seven Powers is not the belief was expressed that "the first approach to this easy to reach," Mr. MacDonald said, "but it has been problem is the development of a program that will permit reached and will be of the greatest importance." Chan¬ the maintenance for an adequate period of time of the cellor Bruening contented himself with expressions of present outstanding lines of credit." Details of such a thanks at the close of the meeting for the consideration of program and the methods of making it effective were to steps to help Germany. be left to the banking communities of the respective countries In the meantime London was made the subject of startling and the central banks. It was suggested, finally, that a withdrawals of gold, indicating trouble in a new quarter, committee should be appointed by the B. I. S. or created and on July 23 the Bank of England marked up its dis¬ by some other appropriate method to secure international count rate from 2^% to 3Hz% and on July 30 made a fur¬ co-operation for the renewal of existing credits and for ther advance to 4^2%. The pressure on sterling drove it the development of a plan for conversion of some proportion far below the point at which gold could profitably be exported of the short-term advances into long-term credits. the Finance Ministers of the various Governments represented in London began promptly to "work along the lines suggested by President Hoover," London reports said. It was immediately assumed that the proposal would remain the dominant feature of the gathering and that decisions would be of a nature to correspond. "This means," a dispatch to the New York "Times" said, "that the French proposal of a long-term loan to Germany under both political nad* economic guarantees has been abandoned by the conference, although France is still urging it as the only plan in which she can participate." In the formal gathering, the report added, Chancellor of the Exchequer Philip Snowden asked the French to explain what they meant by their willingness to help Germany on the basis of guarantees and political appeasements. M. Laval is said to have replied that the conditions had already been outlined in Paris and that further discussion was A sub-committee of national measures "The conference carried through they credit. are and the extent of the shipments that were thus occasioned by the decline in the bullion reserves of the Bank of England in the last two weeks of July. The holdings were £165,199,894 on July 16, but by July 30 they had dropped to £133,309,663, a reduction of £31,890,231. Almost all the metal went to France, with some, however, is illustrated to Holland and minor countries. Although the sterling dollar rate was much under the point at which gold might profitably be moved from London to New York, engagements were rigorously eschewed, owing to the going general unwillingness of American bankers to add to the pressure already felt in London. ~ While the gold flow from London to Paris was at its height conversations on the financial situation were started in Paris between Sir Robert Kindersley, a director of the Bank of England, and Clement Moret, France. These discussions were Governor of the Bank of continued until July 28, Monthly review when Sir Robert returned to London. Although credit arrangements between the Bank of France and the Bank of England were thus clearly foreshadowed, some surprise was occasioned by the formal announcement in London, Paris banks in New York City show of such credits GRAIN Reserve August 1, that the Bank of England had credit for an unnamed period, amounting to with banks the Bank equal France of and the The announcements made no mention of the terms of the arrangement, but it was suggested in Paris reports that the charge would be 3%%. This credit, it was stated unofficially, will enable the British bank to meet any further demands from Con¬ tinental lenders, for repayment of their London balances without further diminution of the stock. It was broadly hinted in banking circles, moreover, that the credit was arranged in part to reassure investors everywhere and restore world confidence. ment announced was At the gold same time this arrange¬ by the Bank of England, it was also announced in London that the Bank of England had received permission from the British Treasury to increase by £15,000,000 for a period of three weeks the fiduciary notn issue. This was regarded as a precautionary measure which, if necessary, will free an equal amount of British gold for seasonal* demands or other purposes. Announcement made in Berlin was July 25 that the lead¬ ing banks of the country would unite for mutual guaranty of their liabilities by forming the Acceptance and Guaranty Bank, with capital of 200,000,000 marks. Under this scheme, the statement disclosed, the Darmstaedter und Nationalbank also would be enabled to resume payments. Currency to the amount of its capital was to be placed at the disposal Of the new institution in exchange for firstrate drafts, and this reserve was, in turn, to be available to all the banks, which would thus be buttressed against runs. With the emergency decree covering withdrawals from the banks expiring July*28, a further decree was issued providing little a sion was of rent wise as latitude for holders of bank balances. more Permis¬ granted for withdrawal of or interest sums needed for payment mortgages, while withdrawals other¬ on limited to 300 marks were daily from drawing accounts, A further decree provided against 200 marks theretofore. that all German debts of 50,000 marks or more owed abroad must be reported to the Finance Ministry, to the end that complete schedule of German foreign obligations might a be made available. Reports that discount rate of payments DENT The Federal participants. PRICES WHEAT and New York, on arranged a £50.000,000, the would further depression and rary United 15% to 20%. By this means, it was held, the private banking institutions would find it advisable to sell States the central bank their remaining foreign exchange hold¬ ings, estimated by some German authorities at $500,000,000. Repayment of debts to commercial banks also would follow, and this would, in turn, make possible reduction of debts owed the Reichsbank. The higher interest rate would attract hoarded funds to the commercial banks, it was maintained, and considerable additional funds thus made available, since it was estimated that German currency now hoarded amounted to 1,500,000,000 marks. There was some dis¬ cussion late in July of the advisability of currency issue, reports such suggestions. a supplementary said, but financial experts opposed Bank for International Settlements, at Basle, began in the last days of July to organize the com¬ mittee which the London governmental conference suggested should be set up to inquire into the German economic situa¬ tion. It was disclosed in New York, July 30, that Albert H. Wiggin, Chairman of the governing board of the Chase National Bank, had been named by the Federal Reserve Bank of New York to represent American interests. ACTION OF FEDERAL RESERVE BANK AND OF NEW YORK BANKERS. Reserve Bank, in its "Monthly Review," Germany's foreign creditors also mobilized for lier assistance in the chief creditor countries. In the United Federal Reserve Bank of New York announced, July 14, that it had, in association with other Federal States on the Reserve Banks, Board, serve and with the approval of the agreed to renew its Federal Re¬ participation—approxi¬ mately $25,000,000—in the outstanding $100,000,000 central bank credit June 25. it is to On stated, the Reichsbank, originally announced on July 16 the bankers of the City of New York, were able to reach an informal voluntary agree¬ ment upon a uniform course of action with regard to their business with their respective German clients, and this agree¬ ment was supported in several other cities of the country. These informal and day-to-day understandings provided, for the present, it was asserted, that German checks and cable orders would be honored to the extent of German credit bal¬ and that acceptance lines then outstanding and in use and time deposits, advances and loans in Germany would be ances, maintained at about their then formal agreements, to a existing considerable amount. These in¬ degree, merely already existing situation. ex¬ tended, it is asserted, an "Figures available to this bank indicate that short-term credits extended to German clients by banks and bankers in this country were substantially maintained during the month of June, and only slightly less inclusive figures decline world the further was price, of grain On the farms, indeed, selling for only 30c. a bushel, On the other hand, there was a at Chicago, but this was a tempo¬ corn matter. would CORN—WINTER DAMAGED—PRESI¬ was 25c. as in since 189(5. or IN SELLING. in figures reached in consid¬ lowest The have indications that were winter wheat a tional proportions, but that the of excep¬ against this the spring wheat as crop crop would be extremely short as a result of the damage inflicted by prolonged drouth in the Northwest, this short¬ age thus going to offset the increase in the winter* wheat yield. But the indications also were that the Canadian spring wheat crop, like our own spring wheat crop, would be heavily reduced, and for the same reason, namely, be¬ of cause damage from drouth and prolonged dry weather. the situation at the beginning of July, and the weather during July did not provide any relief, but rather served to intensify the prevailing adverse state of things in This was that respect. The outlook smaller by 125,000,000 to of 1930, which latter these lation of pointed to crop crop no means of unusual size. tendency ought to of wheat have been values, upward In other rather The obstacle in the way was the accumu¬ 200,000,000 bushels of the Federal Farm months, hung like certainty that Canada a by the same, than downward. in 150,000,000 bushels, than the was circumstances things being the or more Board, which, pall a sooner the over of Wheat in the hands for as later these vast or previous so many market, since it was accumulations a of wheat would have to be disposed of, and until that occurs they must necessarily act as a depressing agency on the market. President Hoover was inclined to regard the fur¬ ther shrinkage in prices as the work of speculators, and on Friday, July 10. he issued a statement condemning specu¬ lators, who, he said, purposed to drive commodity prices down by It our short selling. has to come The President's statement read covering- knowledge that certain my commodity markets, refer the to I normal as are sound a part of legitimate grain trade. not am in expressing I our refer views any persons wheat. short transactions a limited in have ordinary hedging marketing system. to upon selling are These I do net refer to the I do not number of economics of short specu¬ selling in times. But in '. these times this activity has a public interest. It but has one and that is to depress prices. purpese, confidence. Even particularly the past month. over transactions, which to that SQUEEZE agricultural the price of local a lators. notes to low even, as squeeze in the time from York the 35 years, over been continuous The New in renewed a of wheat case and, BUT SPRING WHEAT HOOVER INVEIGHS AGAINST SHORT reports had it that wheat raise its sharply in advance of the general resumption the LOWER, ABUNDANT ; follows: Reichsbank the were of MOVE emphasized by erably small increase in the amount a during the first half of July." CROP confirmed July 31, when an increase to 15% from the previous level of 10% was announced. The Lombard rate (on collateral loans) was increased at the same Officials 7 The intent is though the effect to take may It tends to destroy returning public profit from the losses of other people. a be temporary, it deprives many farmers of their rightful income. If these gentlemen have that profit, and upon and to the to as a public. see of patriotism which outruns immediate sense the country recover, they will close up these manipulations. The confidence imposed public official does not permit me to expose their Otherwise I would do so. | desist by law me names desire 'a transactions from their Tlie fact was, however, that the operations and existence of the Federal Farm Board had for a long time acted as a damper speculation in the grain markets. Prevailing indicated above, would have justified opera¬ rise, but the speculative fraternity held aloof in on conditions, tions for view of as a the extensive accumulations of wheat held by tlie speculators do not feel strong enough to buck against the United Slates Government, and it was this absence of buying on the part of the speculative fraternity, at a time when supplies from the new winter Farm Board. Even wheat crop were coming to market that accounted for the break in the market rather than any extensive short selling. The Farm Board had the previous month announced its policy of limiting sales of wheat by the Grain Stabilization Corp. to 5,000,000 bushels a month, excluding foreign con¬ tracts then under negotiation, and to this policy it adhered, notwithstanding the efforts of politicians of both political parties in trying to persuade President Hoover and have at all. the the Farm The Farm Board Board abstain was from called upon opposition of the politicians who to interfere making any sales not only to meet it to refrain from selling at all, but also to deny statements that it was wanted really selling in excess of the quantity it had named On maximum. July 17 James C. ment denying Stabilization new Corp. the the Farm a Board state¬ or the selling wheat in competition with winter wheat that was being marketed in the hard Southwest. to suggestion that any as Stone, Chairman of the Federal Farm Board, deemed it incumbent to issue was He asserted that "all sales made in that section mill meet or storage requirements since the new crop began moving had been replaced with purchases of an equal amount of section, it that had other was to wheat." stated, have some In the Northwest spring wheat few sales had been made to mills spring Wheat in milling operations, but these, it order to continue their was averred, had been made only after the mill had notified the Stabilization Corp. in writing that it would have to close down unless it got old spring wheat to take care of its milling requirements. These > REVIEW MONTHLY 8 small sales, it was price of the new Southwest, On July declared, in no way competed hard winter wheat being with the marketed in the i 10 the Crop Reporting Board of the United States Department of Agriculture made public its forecasts and estimates of the grain crops of the country based on reports and data furnished by crop correspondents, field statis¬ ticians and co-operating State Boards or Departments of to meet necessary Reports that the Updike Grain the Farmers' National Grain Corp., had deliveries. Corp., controlled by been caught short of July corn were denied July 30 by George General Manager, who, according to Associated Press advices, declared his position was "perfect." He said that "rumors to the effect that the Farmers' National, or its •subsidiary (the Updike Corp.) is interested in Chicago July corn except for a small amount which was sold for the pur¬ S. Miller, deliveries are unfounded." "We are not That the rise in the July option for corn was just a squeeze, and nothing more, was made evident by the fact that the other corn futures all continued their downward course. September corn, for instance, touched 49%c. July 31 against 59%c. July 1, and December corn sold July 31 at 42% against 53% July 1. SUGAR PRICES MOVE HIGHER, BUT COFFEE DECLINES. As a result of the operation of the 'Chadbourne plan, sugar prices moved still higher. On June 30 Cuban raw sug&r had sold up to 1.42c. But on July 20 some sales weTe made as high as 1.57c., though the last sale of the month, made on July 29, was at 1.50c. The wholesale price of refined sugar by the leading refineries in the city was marked up July 2 from 4.55c. to 4.65c., and was further raised to 4.75c. on July 21 and July 22. Coffee prices, on the other hand, bushels harvested in 1929 and a five-year average production sharply declined. Elimination of Germany as a buyer be¬ of 2,761,000,000 bushels. The oats crop was put at 1,306,- cause of its unfortunate economic condition was one factor in the decline, and apparently the demoralization of Bra¬ 267,000 bushels against 1,358,052,000 bushels harvested in zilian exchange was another. Lower ocean freight rates 1930, and an average of 1,316,954,000 bushels for the five also seem to have cut some figure in the decline. In the New years from 1925 to 1929. The Dominion Bureau of Statistics issued its report re¬ York market No. 7 Rio for spot delivery was quoted at garding prospects in Canada under date of July 9, and was 5%@6c. July 31 against 6%@7c. June 30; 6%c. May 29; moved to say that there was nothing comparable with the 6%@6%c. April 30; 5%c. March 31; 5y2@5%c. Feb. 28; critical crop situation on the prairies the present season. 6%c. Jan. 31, and 7%@7y2c. Dec. 311930. No. 7 Santos was The concentration of Canadian wheat production in Sas¬ 7%@7%c. July 31 against 8%@9c. June 30; 8%@8%c. May katchewan, where depreciation was most extreme, had 29, and the same on April 30; 7%@8c. March 31; 7%@8c. caused a drop in the condition of spring wheat in Canada Feb. 28 ; 8%@9c. Jan. 31; 8%@9%c. Dec. 311930, and ll%c. from 80 on May 31 to 58 at June 30, which latter figure Oct. 31 1930. '' ' compared with a condition of 92% at June 30 1930. THE STATE OF GENERAL TRADE—THE CONDITION OF THE STEEL INDUSTRY. Marketing conditions in Canada the past season appear to have been hardly more satisfactory than those in the United The revival of trade so confidently counted upon as a result States. At all events, the Toronto "Globe," on July 10, of the moratorium proposition of President Hoover the previ¬ reported that the 13,400 members of the Ontario Grain Pool ous month was not realized.' The slight increase in some were to be released from their contract, according to a lines of business which followed as the first impulse of that decision reached by the Executive of the Pool and the direc¬ moratorium proposition was not maintained. The delay tors of the sponsoring organization, the United Farmers' caused by the opposition of France, for political reasons, de¬ Co-operative Co., Ltd. The Pool contract, which was on a prived the Germans of some of the benefits counted upon, five-year basis, would lapse at the close of the current crop and the failure on the part of the Seven Powers to subscribe year. In view of the present price levels for wheat it was to other measures of relief for German account, together considered advisable to close down pooling operations at this with the huge withdrawals of short-term credits, brought time, the Farmers' Co-operative Co. reverting to the former Germany to the verge of economic ruin. Not only that, but position of marketing the farmers' wheat, oats or barley on the open market on a commission basis. The "Globe" went the latter part of the month credits were withdrawn from London in much the same way as had previously happened on to say: • in the case of Germany, and finally Great Britain was sub¬ Discontinuance of the Pool was officially announced by the United Farm¬ jected to a drain of gold hardly less serious than that with ers' Oo-operative Co., Ltd., here yesterday. which the Bank of Germany had to contend. The steel The statement drew attention to the fact that when county representa¬ trade suffered most from the continued lack of activity. tives of the contract-signers in Ontario met, on May 26, and decided that the Pool should be continued in full operation for the handling of the 1931 Steel production continued steadily to decrease, until on crop, it was taken for granted that the Canadian Co-operative Wheat Pro¬ July 21 the steel mills of the country were engaged to only ducers, Ltd., at Winnipeg, the Central Selling Agency of all the Canadian 30% of capacity. The "Iron Age" then said that reduced Pools, would retain all its branches and be ready to find a market for requirements of the automobile business, the completion of Ontario wheat. rail contracts, and the falling off in large gas and oil line The closing of the New York and Toronto offices of the C. S. A., in projects, accounted largely for the curtailment. From this accordance with the plans of the Winnipeg headquarters, now places the low figure, however, a temporary upturn occurred, and under Ontario Pool in the unhappy position of having to set up and maintain its date of July 30 the "Age" noted "an out-of-season gain in selling force, or else cease pooling operations altogether. Of the two affirmatives, the Executive Board of the Pool and the manage¬ ingot production, operations having been increased," though ment of the United Farmers' Co-operative Co., Ltd., which has sponsored this was tempered by the remark that "the closing of the and financed the Pcol for Ontario growers, selected the latter. Ford plants from July 27 through August and the sharply Agriculture. This report , now placed the probable produc¬ bushels, which compared with the Department's estimate a month earlier of 649,000,000 Ibushels and with 612,000,000 bushels the crop har¬ vested in 1930. This, it will be seen, showed an increase over the winter'wheat yifeld of the previous year of no less than 101,000,000 bushels On the other hand, the production of spring wheat was estimated as of July 1 at only 156,000,000 bushels as against 251,000,000 bushels harvested in 1930, a reduction from last year, it will be observed, of 95,000,000 bushels, and as against a five-year average production of 274,000,000 bushels. The condition of durum wheat for July 1 1931 was placed at 57.9% of normal, and of other spring wheat at 53.4% of normal. The probable production of corn was placed at 2,968,000,000 bushels, which compared with 2,094,000,000 bushels harvested in 1930; 2,614,000,000 tion of winter wheat at 713,000,000 pose of making bushel." short a - v own Wheat prices may be said to have almost continuously during the month of July, there having been a renewed decline the latter part of the month after a re¬ declined July 23. The July option for July 1, dropped to 50% July 15, then recovered to 54% July 21, after which it dropped to 48c. July 31. This was a loss for the month of about 9c. The September option for wheat in Chicago sold down to 49%c. July 31 against an opening price on July 1 of 58%c. At Winnipeg July wheat-closed on July 31 at 52 %c. against 60%@61c. at the opening on July 2. Chicago advices stated that the market had broken afresh on the closing day of the month because of generous rains in the spring wheat belt and a continued small export demand. September wheat at Chicago sold down to 49%c., as already noted, which was not only a low for the season, but also the lowest price at which that future option has ever sold on the Chicago Board covery from July 15 to about wheat in Chicago, as against 57%c. of Trade. In July corn, however, a squeeze occurred the last few carried the price of that option up over 14c. a bushel. The course of corn prices was down¬ ward, the same as in the case of the other grains, and as a consequence the July option for corn on July 25, as against 61c, July 1, sold at 57%@58%c. As a result, however, of the squeeze referred to, this option sold as high as 72 %c. July 30, and a'gain on July 31. The squeeze was attributed to Thomas M. Howell, an operator on the Chicago Board of Trade, who apparently gobbled up all the actual "contract corn" available and thereby created a1 shortage of contracts days of the month, which schedules reduced of other motor car makers next month certainly do not augur well for automotive consumption of steel in the immediate future." It was added that "tin plate output, which had been the brightest spot in the and steel situation, likewise is an unfavorable factor, iron hav¬ ing declined further to a 55 to 60% rate, with additional curtailments in sight. Blast furnace operations also still point downward, with three stacks reported out during week." The "Iron Age" also found some comfort in the the in the price of steel scrap, and regarded the action of the directors of the United States Steel Corp. (which sub¬ recovery exhibit for the June earned either for the common stock or the preferred stock, and reduced its dividend from a basis of 7% per annum to 4%, the whole furnishing a striking illustration of the depths of depression which had been reached by the steel trade) in not tackling the wage question further than to say that "The board of directors also recommended that an adjustment of salaries of all officers and other salaried employees be made, in varying percentages, depending upon the character of service ren¬ dered"—the "Age" construed this to mean that no wage reductions were contemplated and, accordingly, was moved to say that "the conviction that business is slowly, if almost imperceptibly, on the mend, is read into the action of the Steel Corp. directors in maintaining wage rates, after a reduction had been almost universally forecast." In its issue of Aug. 6, however, the "Age," in reporting conditions down to Aug. 4, was no longer inclined to take a mitted an uncommonly poor income quarter with virtually nothing MONTHLY roseate view. very It found EEYIEW thaf production had dropped Central Texas fields back to'30% and therefore described the state of things as follows: made, reviving hopes for business betterment over negative market factors in general. "With half of the country's automobile capacity idle, with ago proved abortive. Youngstown, Cleveland, Pitts¬ burgh and Buffalo, the average for the Country has receded from 32 to 30%' of capacity.. "While too much significance be attached to the change in operating rate, in view of increasingly frequent irregularities in steel-making schedules in keeping with variations in mill requirements, the industry is not only resigned to another exceedingly dull month but is even more improvement in September. The only favorable development is a firmer attitude on prices, which is a natural reaction from the poor quarterly earnings statements. for any month since November 1921. The daily rate com¬ with 53,732 tons for last December, the previous low for this depression. Output for the first seven months of the year, at 12,568,593 tons, is the smallest January-July pares total since 1921, when 10,292,721 tons were produced." "Age" made the composite price of finished steel The July 28 2.116c. pound against 2.137c. a month earlier; the composite price of pig iron it put at $15.54 a gross ton against $15.59 a month earlier, but the composite price of steel scrap July 28 it figured at $9.42 against $9.17 a month a earlier. into state a price of copper demoralization. On of almost complete July 14 offers of copper at 7%c. a pound, a new record low price, were made by second-hand sellers, although producers and customs smelters continued to ask offered at 7%c. copper was 7%c. a pound. The for immediate delivery, whereas first-hand sellers offered the metal at 7%c. up to September. Later in the month a moderate tonnage sold down to 7.625c., delivered, Connecticut. That the lowest tat which cop¬ per has ever been sold either by a customs smelter or pro¬ ducer. It was also l%c. a pound below any price at which copper had been sold before 1931. The export price of copper dropped to 8c. In the New York market Lake copper sold down from 9%c. July 1 to 8c. was July 22, at which figure the price remained until July 29 when the price was marked up to 8%c. which was also the price July 31, while electrolytic copper dropped from 8%c. July 1 to 7^c. July 13, and after getting back to 7%c. July 20 was down to 7%c. again on Tin prices also moved lower after some stiffening the early part of the month. The New York price for tin was 25.70c. July 1; 26.00c. July 2, and 26.65c. July 3, and then July 31. touched a, low of 24.00c. of 24}4c. It July 24, with the quotation July 31 was announced earlier in the month that the Government of Siam had agreed to adopt the international tin quota scheme, providing its quota should not be less than 10,000 tons annually, according to an official announcement made by the International Tin Committee in London on July 9. Siam's decision, effective from Sept. 1, to two other but minor reservations. ment's adoption of restriction it was the was subject The Siamese Govern¬ brought controlled production, to 92% of the world's total and eliminated source of danger to the success of the The price of lead in New York remained stated, up remaining one scheme. unchanged Many leading copper pro¬ ducers decided to suspend production altogether because of the low prices—absolutely unprofitable prices for many pro¬ throughout the month at 4.40c. ducers. Thus the Quincy Mining Co. announced on July 31 the production of the metal from Aug. 1 that it would suspend to a barrel. On July 9 the Sin¬ Refining Co. and the Stanolind Crude Oil Purchasing Co. posted new price schedules for Mid-Continent oil, ex¬ plaining that the reductions posted the day before by Humble Oil and the Texas Co. in Texas crude oil prices made their action necessary. The new schedule ranged from barrel for 29 degrees with a lc. differential for Sept. 8. The Magma Copper Co. announced a a few days previously shutdown for three months. PETROLEUM AND ITS PRODUCTS. 10c. higher, to 22c. for 40 degrees and above. The Stanolind posting also covered Kansas and North and North Central Te*as fields. Mid-Continent Louisiana Following the widespread reductions Texas, the Standard Oil in the area and in Co. of July 14 lowered its prices for Arkansas and Louisiana oil, quoting the same schedule that was posted for the Mid-Continent area. The new prices on North ranged barrel. a instance, the Ohio Oil Co. Central crudes 15c. a Other reductions followed. For on July 13 reduced Wyoming and barrel, and the same day the Joseph Purchasing Co. posted reductions ranging from 5 to 15c. barrel in the prices of Pennsylvania crudes. The latter part of the month, however, changed and prices were now the gradually restored. of the crude figures the oil ever month were was market made recorded. prices indications control of petroleum slashing in prices early in the month to the lowest On the other hand, at the close of quite generally restored, and there were that further the situation might soon get under result of the aggressive action of the executives of the oil-producing States in taking a firm stand situation tinental Oil Co. led the movement for higher prices, and on July 22 posted a flat rate of 40c. a barrel for all grades of crude in Kansas, Oklahoma and North Texas fields. The company had been 22c. on a paying the prevailing scale of from 10 to scaled gravity basis. Following this move the Texas Co. posted advances in the schedule of 35c. for below 36 same fields with a price gravity and 40c. for 36 and Other companies in the lowed in quick same and other areas fol¬ succession, and the latter part of the month the upward revision of prices became very general. Simul¬ taneously, active efforts were made to bring about improve¬ ment in prices by other methods—by reducing production of oil through proration measures and by the action of some of the Governors of the Acting Governor Clark oil-producing States. On July 29 Wyoming telegraphed President of Hoover requesting that he stop the sale of crude oil on Gov¬ ernment lands below $1 a barrel. Governor Clark said in his telegram that the "unreasonably low crude oil prices vailing in Wyoming" have created serious a pre¬ problem in financing public schools, the University of Wyoming, and highway construction. Funds for these purposes are obtained from Federal oil royalties, the State receiving 37*4%., telegram also said the leasing act of Feb. 25 1920 The gives the Government full power to "insure the sale of the production of its leased lands at reasonable prices." In Oklahoma Gov¬ ernor William H. Murray went further than this and issued on July 28 to petroleum purchasers, saying that unless the price reached a dollar a barrel he would use the militia to stop the further flow of oil by having all the wells except "stripper" wells shut down. The "stripper" wells, of which it was estimated there are about 15,000 in Oklahoma, with a total daily production of about 30,000 barrels, were not included in the order because a shutdown ultimatum an might cause their ruin from salt water. And at the opening August the Governor proceeded to carry his threat into effect. Martial law was invoked by the Governor on the night of Aug. 4 to choke off the flow from 3,106 oil wells of in the prorated fields of Oklahoma. to those who refused This wras his answer his demands to post a price of $1 a barrel. The existing top price for oil of the highest gravity was 50c. His executive order, issued after National Guards¬ men the had entered the Oklahoma City field and brought about gushers, established martial zones "stripper" wells in the State. It closing of many of its for 50 feet around all but directed that the National Guard maintain military control against all orders whatsoever "except an order from the President or the Supreme Court of the United States." The following shows the leading price changes of the month, both in the case of crude oil and in the refined some Co. of New from 9 CRUDE OIL. Houston, to Jersey, 17c. on July 8 cut crude oil prices in Texas barrel, bringing quotations to the lowest level for any large area in the history of the oil industry. The new prices ranged from 10 to 42c. a barrel, depending upon the gravity and location of the oil. In the North and a July 8.-y-The Humble Oil & Refining Co., effective to-day, posted the following reductions in crude oil prices in Texas and New Mexico, a flat cut of 15c. a barrel in North and North Central Texas oil. making Gray County crude was as^a against continuance of the existing low level of prices. The Humble Oil & Refining Co., a subsidiary of the Standard Oil a The Con¬ products: In a each degree above. In the case of the non-ferrous metals the fell oil 40 on it would pay a flat rate of 6c. from 10c. to 22c. "Pig iron production in July was 1,463,220 tons, or 47,201 tons a day, compared with 1,638,627 tons, or 54,621 tons in June. Both total output and daily average were the lowest was for clair may reluctant than heretofore to estimate the scope of seasonal barrel a barrel the provement aside from temporary fluctuations characteristic at a be the lowest posted price for crude oil in history of the industry became effective on July 10 in the Toborg-Tippett shallow pool northeast of the Yates area, in Pecos County, where Shell Petroleum 'Corp. announced Ensley and Pittsburgh rail mills shut down, and with virtually no branch of the steel industry showing any im¬ reported 15c. believed to was the declines of 10c. on 40 gravity and above. At West Texas and Lea County (N. Mex.) crude oils were reduced 15c. to a flat price of 10c. a barrel. But still worse was to come. What cern With reduction 19c. dampened; and accentuated con¬ of a low rate, of activity, the outlook for August can hardly be called encouraging. There is the further fact that the rise in steel ingot production of a week flat a prices ranging from gravity and above. In Gray County, in the Texas Panhandle, the reduction was 11c. a barrel, making the new prices 13c. on oil below 35 gravity to pig iron production to the lowest ebb since following the disappointing revelations of iron and steel company reports for the second quarter, has new below 29 gravity to 22c. "A decline in 1921, the 8a , N. was reduced 11c. a Mex., crudes reduced 13c. a were barrel. lowered 10c. a 17c. a barrel, and Pettus crude the reductions and a cut of was 10c. West Texas and Lea barrel, while Gulf Refugio heavy oil and Mirando crude while Refugio light crude was cut 13c. cut barrel made in Carson and Hutchinson counties. Coast were a barrel County, oil lowered 15c. The Texas was cut Salt Flat and Darst Creek oil 9c., were Co. met immediately. Tulsa, July 9.—The Sinclair Refining Co. and the Stanolind Crude Oil Purchasing Co. posted that new price schedules for Mid-Continent oil, explaining posted yesterday by Humble Oil and the Texas Co. in prices made their action necessary. The new schedule the reductions Texas crude oil ranges from 10c. a barrel for 29 degrees, with a lc. differential for each the new barrel and is July Monday, Co. Oil Ohio 13.—The Smaekover was reduced 15c. I.-; to-day reduced Wyoming , and Central crudes 15c. a barrel. Monday, July 13.—The ranging from 5c. to 15c. a Joseph Purchasing Co. to-day posted reductions barrel in the prices of Pennsylvania crudes. Tulsa, July 22.—rThe Continental Oil Co. announced a barrel for crude oil in the Mid-Continent fields. Tulsa, July 23.—Tihe Magnolia flat price of 40c. a Petroleum met the advance posted yester¬ Oil Co. ■ ; New York, July 23.—The Texas Co. posted advances in Oklahoma, North Louisiana, North Texas, North Central Texas and Central, with the new day by the Continental price list quoting 35c. for below 36 gravity and a top price of 40c. on 36 and above. Advances ranging from 11 to 17c. a barrel were posted in other fields after York, July 23.—The Humble Oil & of Standard Oil Jersey, advanced crude oil prices in Oklahoma and Kansas fields 17 a, barrel. The new schedule ranges from 27c. for below 28 gravity for 40 and above. The Mid-Continent Petroleum Corp. and the Oil & Refining Co. quoted at only 8.25c. The price of print cloths at Fall River for 28 in. 64x60 was reduced July 9 from 3%c. to 31 it was 3%c., on July 17 was marked was further reduced to 3%c. . bureau at to cotton cotton, V'.;'-- :V: posts new prices for Salt Creek crude barrel fcr 29 degrees and below, and 39c. per barrel July 25.—Midwest Refining Co. 30c. per follows: as 40 for degrees Michigan crude of 57c. per Co. posts new price for advance of 20c. barrel, an GASOLINE AND KEROSENE. during the week, Pan 30, tank car gasoline York, with corresponding July 3.—Meeting cuts posted by other companies Petroleum announced that, effective June American prices had been revised to o%<*. a gallon at New reductions at other Atlantic Seaboard markets. New tion of Oil Co. of New Jersey announced a reduc¬ tank wagon price of gasoline throughout its York, July 8.—'Standard lc. territory, a in the gallon Delaware, effective July 7. standard Oil Co. of Ohio yesterday lowered the and service station gasoline lc. a gallon in Cuyahoga with the exception of Cleveland, July 8.—The price of tank wagon and Summit counties. Co. of Ohio reduced the price of service station gasoline 2c. a gallon in Dayton and Springfield, and lc. in Mont¬ gomery County, in which Dayton is located. This brought the price of regular gasoline to 14c. and 17c. for high test, including the 4c. State tax. Indian Refining, Cities Service and Shell Petroleum met the cut immediately and Sinclair and .Sun Oil officials stated that they would probably bring Dayton, their July 6.—(Standard Oil prices into line. ;;"• • /. V-.-..'"' Atlantic Refining Co. announced a reduction of lc. a gallon in the tank-wagon and service station price of gasoline throughout its territory, effective immediately. New York, July 15.—The Standard Oil Co. of New Jersey announced a reduction of V4c. a gallon in the tank car price of kerosene at Baltimore, Norfolk, Wilmington and Charleston, S. C., to 4%c. a gallon, the same price as posted in the New York market, effective immediately. New York, July 13.—The Standard Oil Co. of New Jersey announced a reduction of 5c. a barrel in the price of grade C bunker fuel and Diesel oil at all North Atlantic and Gulf ports, effective immediately. Philadelphia, July 17.—The Co. of Ohio advanced gasoline prices lc. per including Akron. The new prices, bringing this territory in line with the State structure, were 14c. for X70 and 17c. for Sohio Ethyl, tankwagon, and 15c. and 18c. service station. July 28.—'Shell Eastern Petroleum reduces gasoline l^c. service station, in Philadelphia, making new price 10 %c. exclusive of State tax. July 28.—Sun Oil Co. reduces gasoline in Philadelphia lc. per gallon, making new service station price 11c. per gallon, tankwagon 10c. per gallon. July 31.—Standard Oil gallon in Summit County, THE TEXTILE TRADES—QUIET CONDITIONS. business, blighting effects of the economic disturbances in Europe. The manufacturing statistics compiled by the Association of Cotton Textile Mer¬ chants of New York, covering the month of June, or rather the five weeks ending July 4, were published on July 13 and showed that the production had amounted to 260,163,000 yards, while the shipments had reached 273,871,000 yards, equivalent to 105.3% of production, which latter, however, was at a much lower rate than in May. New business booked amounted to 355,902,000 yards, or 136.8% of production. Stocks on hand at the end of the month amounted to 288235,000 yards, representing a decrease of 4.5% du.ing the month. On the other hand, unfilled orders on June 30 1931 were 330,575,000 yards, representing an increase of 33% during the month. Tliese statistics, on the whole, it will be observed, made a Very satisfactory showing, though it is to be remembered that production during June was 7.7% less than the rate of production during May. The U. S. Census Report issued July 14 showed that the quantity of cotton consumed by the mills of the United States during June 1931, comprised 455,388 bales of lint and 61,433 bales of 1 inters, as against 405,236 bales of lint and 59,196 bales The textile trades were due to seasonal causes, of linters in June quiet, like other lines of but also owing to the 1930.. Stabilization Corporation "will not sale," pending issuance of a statement by Board on its future policy respecting of the Board, stated orally July 20. The "cotton year" ends July 31, Mr. Williams pointed out and at the same date the Board's promise that stabilization cotton would not be sold in competition with the 1930 crop would also expire. The policy of not selling, however, would continue, he added, until the Board redefined its Farm Federal the Carl Williams, member The Stabilization Corporation, it is understood, 1.300,000 bales of cotton. Raw silk prices again downward after the improvement noted in June. policy. holds about tended 13-15 deniers were quoted at $2.30@ July 31 against $2.35@$2.40 June 30; $2.22% @ $2.27% May 29; $2.35@$2.40 April 30; $2.55@$2.65 March 31; $2.70@$2.75 Feb. 28; $2.85@$2.95 Jan. 31; $2.60@$2.70 December 31 1930; $2.35@$2.45 the previous September 30 Japanese double extra $2.40 on on Jan. 31 1930. In the 20-22 deniers double extra were quoted at $2.25@$2.30 July 31, against $2.40@$2.50 June 30; $2.07%®$2.12% May 29; $2.25@$'2.30 April 30; $2.50@$2.60 March 31; $2.65@ $2.70 Feb. 28; $2.85@$2.90 Jan. 31; $2.70@$2.75 December 31 1930; $2.25@$2.30 October 31 1930, but comparing with $4.60@$4.65 on Jan 31 1930. Crude rubber dropped to new low record prices in July, not only in the local market, but in London and the Far East. Old "A" contracts on the Rubber Exchange on July 30 sold down to 5%c. per pound and all future deliveries for 1931 on the local exchange sold below the 6c. level. The and and above. July 25.—Pure Oil by the Cotton offered for to 42c. Empire Crude Oil Purchasing Co., subsidiary of a new price schedule for Mid-Continent .crude ranging from 30c. for below 29 gravity, with a lc. differential up to 40 gravity and above, making the top price 42c. The Shell Petroleum Corp. announced that it had adopted the Stanolind price list. July 30.—Effective immediately, Magnolia Petroleum Co. new prices follow : Louisiana-Bayou, 40c.; Haynesville, 32c.; Pine Island, 36c.; Cotton Valley, 30c.; Arkansas-El Dorado, 31c.; Rainbow, 31c.; Eastfield, 30c., and Smaekover district, 30c. All prices per barrel at wells. July 27.—Sinclair Refining Co. posts flat price of 50c. per barrel in v On July 8 the Agricultural Washington issued its estimate of the area planted and put the reduction from the previous year at favorable for the new crop. The probable action Federal Farm Board was an uncertain feature. Cot¬ ton held be announced /' whole, of the of New to 20c. promptly met the advances. Oklahoma. down to 3%c. and on July 25 only 10% or at 41,491,000 acres the present season against 40,078,000 acres in 1930, which was less than had been hoped for, though it nevertheless left the acreage the lowest since 1923. Weather conditions during July were, on the Tulsa, July 24.—The Standard Standard Oil of Indiana, the close of June and on almost continuously declined until on July month the price Refining Co. met the advances posted by the Texas Co. in the Texas fields. Tulsa, July 24.—The Carter Oil Co., subsidiary of the month prices continued to strengthen the downward reaction at July 3 middling upland spot cotton in New York was quoted at 10.35c. as against 9.85c. on June 30. But the rest of the in Texas. New depressing feature in the cotton goods trade was the material, cotton. In A renewed drop in the price of the raw the early days 14.—The prices range from 10c. to 22c. a barrel. now quoted at 10c. a barrel. new a the East Texas fields. Standard Oil Co. of Louisiana to-day posted and North Louisiana crude to> conform price schedule in the Mid-Continent and Texas fields. The July in the prices of Arkansas reductions with North and North Central Texas fields. its posting in withdrew Tuesday, The Stanolind posting also On July 8 Sin¬ degrees and above. degree higher, to 22c. for 40 covered Kansas and clair EEYIEW MONTHLY 8b $4.70@$4.75 Japanese crack primary market for crude rubber at Singapore touched 12% while London sold down to 2% pence. The committee recently appointed by the Dutch Colonial pence, working Minister to study the rubber situation and devise a means of aiding the industry published its report, said a cable to the Rubber Exchange of New York from Amsterdam about the middle of July, and the investigators informed the Colonial Office that they had not been able to obtain unanimous agreement on any definite plan for the restriction of rubber production. It was suggested by some members that restriction take place in a natural way while other members held that the governments of the various producing countries must give assistance to the industry. °In the New York market rib smoked sheets for spot delivery were quoted at only 5%c. bid and 5%c. asked July 31 against 6 13/16 bid and 615/16 asked June 30; 6%c. bid May 20; 5%c. bid and 6c. asked on April 30; 6%c. bid and 7c. asked on March 31; 7%@7%c. on Feb. 28; 7%08c. on Jan 31; 8%@8%c. on December 31 1930 and 15%@15%c. on Feb. 28 1930. THE JULY The FINANCING QF THE UNITED STATES TREASURY. financing of the United States Government during July consisted of the sale of three issues of Treasury offered on a discount basis and the proceeds of which bills went to take up old issues of hills which matured during the month. This was independent of the sale of $100,000,000 of such hills on June 29, but bearing date July 1, and Which had been referred to as the first financing operation for the new beginning on July 1. This of two series of hills v for $50,000,000 each, the first running 91 days and dated July 1 1931, and maturing Sept. 30 1931, and the other $50,000,000 running for 90 days and datyd July 2 1931, and maturing Sept. 30 1931. For the first of the two series men¬ tioned tenders were accepted to a total of $50,026,000 at an average rate on a bank discount basis of only % of 1% per annum. For the second series the tenders accepted totaled $50,050,000, and the average price realized was the same, namely, on an average bank discount basis of % of 1% per annum. Yet better prices, however, were to be realized by the Government on the sales actually made during July. Of these there were, as already stated, three separate ones. The first of these occurred on July 15, and consisted of 90day bills dated July 17 1931 (on which date an outstanding issue of $50,102,000 of Treasury bills was payable), and maturing on Oct. 15 1931; $50,000,000, "or thereabouts," was offered while the applications reached $299,314,000, out of which allotments to a total of $51,200,000 were made at an average price of 99.878, or an average eost on a bank discount fiscal year of the Government offering, it may be recalled, consisted I MONTHLY basis of only about 0.49% per annum. new low record cost in Government This established State of The month's Treasury bills in July was made Friday, July 24, and consisted of an offering of 91-day dated July 27 1931 (on which day $53,510,000 of old Illinois place on July 30. This the purpose of meeting maturing old issues Tenders were invited to the amount of was also fjr at (according to the usual form), and the offering con¬ sisted of 91-day bills dated Aug. 3 1931 and maturing Nov. 2 1931. The applications in this case1 reached $221,171,000, and the amount accepted was $59,850,000. The result to the in the as case of was the not quite so bill two extremely favor¬ offerings immediately preceding, the average price' realized by the Treasury hav¬ ing been 99.871, or an average rate on a bank discount basis of about 0.51% per annum. While Treasury financing during July was, as noted, con¬ entirely to these sales of Treasury bills, the Acting Secretary of the Treasury, Ogden L. Mills ( Secretary Mellon The "United States Daily," in its issue is being given by in view of the fact that program, either mature falls due or are the Treasury to its of general financing $4,631,524,750 in Government securities callable before June 30 decision will be reached as an issue will he resorted to in approximate $1,000,000,000. for that m-cnth, with to the 1932, of which $800,000,000 character of the of that aggregate maturities for the remainder of include $444,500,000 in bills, $1,801,777,500 in certificates, and $451,718,950 in notes. The first Liberty Loan of $1,933,528,300 is callable year 1932. ' 98 and Gas int., Co. 1st due July Co., Inc. lien coll. 5% series A gold 1934. By Halsey, Stuart 1 (State of) 5% highway bonds, due 5,500,000 Allegheny Co., Pa., 4% road, bridge and institutional build¬ ing bonds, due from 1932 to 1961, incl., awarded to a group headed by the Union Trust Co. of Pittsburgh, at 103.93, a basis of about 3.64%. Re-offered priced to yield from 2 to 3.60%, according to maturity. 5,000,000 Mississippi (State of) 434% bonds, due serially from 1932 to 1951, inch, optional on any int. payment date,-tentatively sold at a price of par as follows: $3,000,000 to a syndicate headed by Saunders & Thomas, Inc., of Memphis, and the remaining $2,000,000 to State banking institutions. 5,000,000 Missouri (State of) 334% road bonds, due in equal annual amounts from 1948 to 1952, incl., awarded to a group headed by the Guaranty Company of New York, at 96.399, a basis of about 3.77%. Re-offered priced to yield 3.70% for all $905,217,000 Treasury records show 15 Utility Securities, & of consisting of 1%% certificates. June Co.—334% yielding 3.75% Highway Dist., Calif., 434% bonds, due from 1941 to 1970, incl., sold to a group composed the Bankamerica Co., and the American Securities Co., both of San Francisco, also R. H. Moulton & Co., of Los Angeles, at 100.125, a basis of about 4.74%. No public offering of the bonds has as yet been made. financing until the total - - It should ury of perhaps be stated that the United States Treas¬ throughout the month kept issuing calls for repayment , the Government deposits arising out of the sale during June of the $821,116,000 of Treasury bonds bearing 3%% interest; $401,006,009 of Government deposits grew out of that sale, of which $143,480,750 represented Government deposits in the New York Federal Reserve District. The first of these calls came on July 1 and required the payment July 6, and another $20,047,500 on July 7 ($7,174,050 in each case representing Gov¬ ernment deposits held by the depositary institutions in the of $20,047,500 of such deposits New York Federal Reserve District). $83,557,100 remained with the banks in the New York district. On July 30 still another call was made, but this required repayment the next month, that is. Aug. 3 and Aug. 4 ($31,526,500 on each day, of which in each case $11,280,000 represented deposits in the New York Reserve District). Even after these repayments, how¬ ever, $170,468,700 of Government deposits still remained with the depositary institutions, of which $60,995,900 the New York Reserve District. The matter is of was in importance only inasmuch as the banks are not required to hold any against Government deposits, whereas when these Government deposits become converted into private deposits the customary reserves are required. reserves NEW SECURITY ISSUES AND : JULY. Foreign financing in the domestic market in July in FAVORABLE American share a Motorists 45c. to Amsterdam a Insurance Trading Co. land).—Div. of 50c. share a a paid DIVIDENDS. Co.—Quar. div. increased share. (Handelsvereenigen share the on Jan. on 15 "American shares" each Graphophone American share Co., Ltd.—Div. compared with September. a a divs. share. divs. on on share on a share 56c. on class paid last B stock by payment common stock by payment *':?:£■/'• Diamond Match Co.—Initial quar. div. of 25c. a share on the new (no par) common stock. By placing its common stock on a $1 annual basis, company is paying the equivalent of $11.50 a share to its holders under the former capital stock basis, an increase of $3.50 over the $8 paid on old capital stock. Each share of old capital stock was ex¬ changed for five shares of preferred stock and 4 shares of common stock. Eastern States Gas Co.—Initial quar. div. of common 1234c. stock. a share Federal on Insurance Co., the capital stock. Charleston, S. C.—Extra Drop Forge Co.—Resumes div. a I. on common share. Farbenindustrie on-Main.—Initial div. common This to a on common share. Public Service, share a on the by payment of 5634c. a of $1.75 a stock increased from $2 a share Inc.—Resume divs. on common share. New Process Co.—Resume divs. on increased from share. 5634c. a share to 5634c. Royalties Management Corp.—Initial a div. on Dillon Southwest the Co.—Extra div. of Utility Dairy Products debenture shares. 10c. a of 6c. a share on the 25c. a to the usual quar. Co.—Initial Co.—Special div. div. of 50c. a share. com¬ share. div. par tic. St. Paul Union Stock Yards common share. stock. Scotten stock the 7% cumul. pref. stock by declara¬ Randolph & Holbrook Power & Electric Co.—Quar. div. on $1 of $2.25 per share on the American receipts bearer shares payable July 18 to holders of record July 17. is for the year 1930. Orleans mon the distribution $2.50 tion of Aktiengesellschaft (I. G. Dyes), Frankfurt- National Licorice Co.—Div. New on div. stock by payment stock. G. for share a * Equitable Fire common yield 4.80% and $2,500,000 due in 1951 at 95.75 and int., to yield 4.83%. The major portion of July financing in the domestic market consisted chiefly of public utility and municipal offerings. The largest issue of the month was the $20,000,000 offering of the Commonwealth Edison Co. 3%% gold notes at 99.88 and int., to yield S%%. Another utility offering of size was the $15,000,000 Peoples Gas Light & Coke Co., 1st & ref. mtge. 4% gold bonds, series B at 94 and int., to yield about 4.29%. Among the municipal offerings may be mentioned the $15,000,000 issue of the a approximately of 47c. share. Congoleum-Nairn, Inc.—Resume of 25c. div. of 9.70c. 1 Community State Corp.—Resume of 25c. a of 3734c. Hol¬ against 24c as last. Capital Depositor Corp.—Initial semi-annual div. the series A Capital Trust shares. Columbia from "Amsterdam," Great Atlantic & Pacific Tea Co.—Extra div. of 25c. con¬ ; dividend declarations in July were again numerous and again included many of an unfavorable nature. The following table, divided into two sections, namely, "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: of 25c. DIVIDENDS IN sisted solely of the $5,000,000 Province of Manitoba issue of 4^% bonds, price not made public. Reoffered as follows: $2,500,000 due 1941 at 97.64 and int., to maturities. Changes Successive calls for repayment followed, the last of these for the repayment of $17,577,500 on July 30, of which $6,290,400 were on deposit in the New York Federal Reserve District. After this, how¬ ever. there still remained on deposit with the depositary institutions $233,529,700, of which & MUNICIPAL FINANCING. September, it is considered certain that of notes Stuart serially from 1935 to 1967, incl., awarded to group formed by Halsey, Stuart & Co., of New York, the nature of the bid was not disclosed. Re-offered at par and interest. 6,000,000 Golden Gate Bridge and December, at which time maturities will remainder Electric int., $15,000,000 Arkansas These will include $451,718,950 in 3%% notes the and bonds at & approximately $100,000,000 in bills fall due entailing new security issues. Although thought is being given to a sizable bond issue, over a long period, no definite decision has been reached as to that mode of refinancing in the fall. The entire program is being studied, and it is unlikely that a definite Halsey, 6,000,000 Delaware Power & Light Co.—1st mtge. gold 434% bonds at 100 and int., due July 1 1971. By Drexel & Co., Bonbright & Co., Inc., and A. C. Allyn & Co., Inc. of latter part of August. Should there be no bond issue in By Inc. The major financing is expected $634,387,000 in certificates and in when 1932. group headed by Chase 8,000,000 Gary Electric during the ensuing two months. September, 30 Halsey, July 27, said that Eie following information upon the subject had been made available at the Treasury Department: Consideration July gold notes priced at and due Aug. 1 1932. By Harris Forbes Corp. and including Stuart & Co., Inc., the N,W. Harris Co., Inc., Continental Illinois Co., Inc., Field, Glore & Co., Cassatt & Co., Chatham Phenix Corp., and A. C. Allyn & Co., Inc., B. B. Robinson & Co., Ltd., and General 99.76 a being in Europe), authorized a statement that the Treasury Department contemplated some permanent financing in the future. Illinois.—4% gold due United 9,000,000 Pennsylvania fined near int., Co.—Serial gold notes (non-callable) at prices to yield from 2.25% to 4.75%, according to maturity. The notes, dated July 3 1931, mature as follows: $917,000 2 % due Sept. 3 1931 $917,000 4J4 % due Mar. 3 1932 917,000 2 34 % due Oct. 3 1931 917,000 4)4% due Apr. 3 1932 917,000 3 % due Nov. 3 1931 917,000 434% due May 3 1932 917,000 3)4% due Dec. 3 1931 917,000 434% due June 3 1932 917,000 4 % due Jan. 3 1932 917,000 414% due July 3 1932 917,000 4 % due Feb. 3 1932 913,000 414 % due Aug. 3 1932 By Halsey, Stuart & Co., Inc. 10,000,000 Rochester Gas & Electric Corp.—3% gold notes at 100 and int., due July 15 1932. By Chase Harris Forbes Corp. 10,000,000 West Penn Power Co.—1st mtge. gold bonds, series H, 4%, at 96 and int., to yield 4.23% and due July 1 1961. By W. C. Langley & Co. abouts" able and par Co., Inc. 11,000,000 Midland of these bills. $60,000,000, "or there¬ Treasury in this instance Co. 15,000,000 Peoples Gas Light & Coke Co.—314% gold notes at 99.76 to yield 3.75% and due July 30 1932. By Halsey, Stuart & Co., Inc. 15,000,000 Public Service Co. of Northern average price of 99.885, or an average rate on a bank discount basis of only 0.46%. The third sale of Treasury bills during July took the business , payable), and maturing Oct. 26 1931. At this sale borrowing by the Government was still further an called of ■ were reduced. Tenders for the bills aggregated $179,310,000, outof which allotments amounting to $51,806,000 were made at such nature PUBLIC UTILITY FINANCING. $20,000,000 Commonwealth Edison Co.—334% gold notes at 99.88 and int., to yield 3Vs%, due July 30 1932. By Halsey, Stuart & Co., Inc. 15,000,000 Peoples Gas Light & Coke Co.—1st & ref. mtge. 4% gold bonds, series "B ' at 94 and int., to yield about 4.29% and due July 1 1981. By Halsey, Stuart & Co., Inc., and Con¬ tinental the cost of excess to as issue, is shown below, the table including only $5,000,000 and above: of issues bills in financing, classified and size of The second of tflie sale of bills 8c Arkansas 5% highway bonds, price paid not di¬ vulged, and reoffered at par and int., for all maturities. a borrowing, the best previ¬ ous price having been at the sale on June 29, already referred to, when allotments were made to an aggregate of $100,076,000 on a discount basis of % of 1%. on REVIEW of $2 a of share share in addition REVIEW 8d Corp.—Divs. on the cumul. pref. stock resumed 50c. a share. State Guaranty Co.—Extra divs. on both the pref. and common stocks, amounting to 12c. and 8c. a share, respectively. ' N. Y. City.—Initial div. of York Share Corp., stock. mon div. of 30c. a share on the • , Hammermill Paper Co.-r-Quar. share to 15c. a share Supervised .X 42c. a share on the com¬ v... UNFAVORABLE DIVIDENDS. Co.—Quar. div. on common reduced from 60c. a 'V.X; div. of $4 a share on the capital stock omitted. ] ■' 1 , ; ; Alleghany Corp.—Quar. div. o 1%% on the cumul. 5%% series A pref. stock omitted. > , , ' Altorfer Bros. Co., Peoria, III.—Quar. div. of 35c. a share on the com¬ (J. D.) Adams Mfg. share 30c. to share. a the common a American Optical Co.—Div. of 50c. a share on the common stock com¬ pared with a semi-annual div. of $1 a share paid previously. American Republics Corp.—Semi-annual div. of 3%% on the 7% cumul. pref. stock omitted. American Steamship Co., Phila.—Quar. div. on common stock re¬ duced from $3.50 a share to SI .50 a share. American cumul. of 1%% Co.—Quar. div. Vitrified Products pref. stock omitted. American Animal Trap Co. of the $6 cumul. pref. stock omitted. of 25c a share on the class A and B stock omitted. . share omitted. 1 ' .. Limestone Bessemer 25c. of 30c. a the class A stock 50c. a share. Bethlehem Steel Corp.—Quar. div. on common stock reduced from Corp., Seattle, share to 15c. a share. Briggs Mfg. $1 stock omitted. the no par common Brill Co., Philadelphia.—Quar. div. on the 7% cumul. pref. reduced from SI .75 a share to SI .25 a share. Bronx Fire Insurance Co., N. Y. City.—Quar. div. on capital stock reduced from SI.25 a share to $1 a share. (J. G.) Capital Products Co.—Quar. div. City of 34c. a share on common omitted. Copper Corp.—Quar. div. on common stock share compared with 37%c. a share paid previously. Cerro a of 25c. Pasco de Childs Co., New York.—Quar. div. of 60c. a share on Cockshutt Plow Co., from and cash 1% & St. Louis Ry.—Semi-annual div. reduced $1.50 a share. div. on common stock reduced from 37%c. a share to 12%c. a share. National Republic Investment Trust.—Quar. div. on the $3 cumul. conv. pref. stock reduced from 75c. a share to 50c. a share. , Republic in cash and 1% in stock to 20c. per share N. Y.—Quar. div. of $1.50 a share on the 2% tax free, on the or¬ Crandall-Mackenzie & Henderson, Inc.—Quar. reduced from 25c. a share to 15c. a share. Crown Drug Stores, Inc.—Div. of 25c. a div. common on share on common stock omitted. Crystal Tissue Co., Cincinnati.—Quar. div. of 25c. a share on common '/ stock omitted. '. Vv ■• •. ' • X ";V ■ "• Deco Refreshments, Inc.—Div. of 25c. a share on the no-par common stock omitted. Deere & Co., ■ B div. of 25c Manufacturing Co.—Quar. 7% cumul. pref. stock omitted. Family Financing Corp.—Quar. share to 10c. a on a share on the class div. of $1.75 a share on the . div. of common reduced from 17%c. share. Fidelity Co., the common stock Inc. (Ky.).—Semi-annual div. of 20c. omitted. • Knitting Mills Co.—Usual extra common stock omitted. Federal Federal Water Service Corp.—Quar. from 60c. a share to 30c. a share. „ conv. / div. of $1.50 a share a share on previously. div. of $1.75 a share on the $7 cumul. pref. stock omitted. C.).—Div. on common stock as of July 1 Investment Trust, pref. stock omitted. General Outdoor Advertising class A stock omitted.. General 75c. Globe a a Refractories omitted. Ltd.—Quar. div. of 1%% on the 6% Co.—Quar. div. of $1 a share on the j-^ ;• t-; -J- - ■" --;;v| $1 a share to / Insurance Co. of America.—Quar. 30c. a share. div. reduced from 37%c. sharo to Co.—Quar. div. on common reduced Globe & Rutgers Fire Insurance from $7 a share to $6 a share Gorham, Inc.—Quar. div. of 75c. a share on the $3 cumul. pref. stock omitted. Grand 7% Great Rapids Store Equipment cumul. pref. stock omitted. Lakes Engineering from 25c. a share to 15c. a Corp.—Quar. div. of 1%% on the Works.—Quar. div. on common reduced share. div. declarations on rescinded. Providence, R. I.—Quar. div. reduced Greenway Corp., Baltimore, Md.—Semi-annual the partic. pref.. common and common B stocks Guaranty Fire Insurance Co., from 25c. a share to 12%c. a share. (W. F.) Hall Printing Co.—Quar. a share to 30c. a share. div. on common decreased from 50c. -- Hamilton Bank Note Engraving & Printing a share on the $5 par value stock omitted. Co.—Semi-annual div. of stock omitted. New York Dock the partic. stock and l%% on the common the common on of 50c. a share on the pref. stock omitted. of 50c. a share Mills, Green Bay, Wis.—Quar. div. stock omitted. Northern Paper each on the $2.50 a share on the $5 non- Holding Co., Inc.—Quar. divs. New York State Inc.—Div. of 25c. a share on the pref. stock. Previously divs. of 75c. a share were paid on the old pref.£stock, the par of which was changed to no par from $50. Oil Shares, quar. value Old Colony Light & Power Associates.—Quar. reduced from 70c. a share to 60c. a share. (Me.) Paper Co.—Quar. div. on common share to 25c. a share. Oxford a (The) div. on common stock decreased from 37%c. Corp., New Bedford, Mass.—Quar. div. on capital share to $1.50 a share. reduced from 37%c. a share Pairpont Parker Pen Co.—Quar. div. on common share. a & Co., Peck Bros. New Haven, Conn.—Quar. div. of omitted. 18%c. a share the common stock Peerless Cement Corp.—Quar. div. of $1.75 a share on the 7% cumul. pref. stock omitted. the $7. $6.50 and $6 Peoples Light & Power Corp.—Quar. divs. on cumul. pref. stocks of no par value omitted. Ltd.—Quar. div. of 50c. a share on Petrolite Corp., Pierce-Arrow Motor Car Co.—Quar. A common stock omitted. Power the capital stock , Co.—Quar. div. of 2%c. Rail & div. of 25c. a share on the class i Trusteed Shares.—Div. 12c. a share. decreased from 15c. a share each quarter to Pyrene Mfg. share to stock reduced from 20c. a Co.—Quar. div. on common 10c. share. a • 7% cumul. Republic Finar.ce & Investment Co.—Quar. divs. on the preferred and the class A conv., no par stock, omitted. Reynolds Metals Co.—Quar. div. on common a share to 37%c. a share. Rhode Island Insurance stock reduced from 50c. Co.—Quar. div. reduced from 30c. a share to 15c. a share. Inc.—Semi-annual div. of 3%% on the 7% 1st pref. stock omitted. viX.; Clinton RR.—Semi-annual div. on capital stock reduced from Richmond cumul. Rome Corp.—Quar. div. reduced from share. •»•••. omitted. Florence Mills Co. (N. cumul. share div. on the class A stock reduced First Security Corp. of Ogden (Utah).—Quar. divs. pf 25c. the class A and class B stock compared with 50c. a share paid (I.) Fischman & Sons.—Quar. a div. ofl2%c. a share on the First National Investment Corp.—Semi-annual on the $3 cumul. class A stock omitted. Founders A , Terminals Corp.—Quar. div. of 25c. a share on pref. stock omitted. New York Chicago & St. Louis RR.—Quar. divs. of 1%% common and 6% cumul. pref. stock, series A, omitted. cumul. pref. the sharo on the common stock National on Eisenstadt a omitted. Republic Bancor¬ omitted the quar. div. of 25c. a share on Supply Co.—Quar. div. of $1 a National to 25c. States Power Corp.—Quar. stock omitted. common Federal Trust.—National Investment poration, a subsidiary, capital stock. stock reduced from $2 a Moline, III.—Quar. div. of 30c. a share on the common stock omitted. Eastern Co.—Quar. National the common stock $1.75 on the 7% cumul. pref. Courtaulds, Ltd., England.—Interim div. of dinary shares compared with 3% a year ago. capital stock share to 5c. a share. a Refining in stock. Phosphate Co., common stock omitted. 7%c. National 1 Connecticut Investment Trust, New Haven, Conn.—Semi-annual div. of 3% % on the 7% cumul. pref. stock omitted. (W. B.) Coon Co., Rochester, N. Y.—Quar. div. on common stock in on the 50c. a share omitted. Trust.—Quar. div. on the class A stock reduced Drill & Machine Co.—Quar. div. of Nashville Chattanooga from $2.50 a share to omitted. Coronet RR.—Semi-annual div. of 3%% Investment Mutual Ltd.—Quar. div. on common stock of 15c. a share reduced from 40c. per share stock omitted. the common on Mobile & Ohio omitted. omitted. Clinchfield Coal Corp.—Quar. div. of shares omitted. ■ Corp.—Quar. div. on common Morse Twist Co.—Extra div. of 12He,, a share on 45c. a share to from reduced Minneapolis-Honeywell Regulator Co.—Extra div. of 50c. a share on the common stock, which was previously paid every six months, omitted. Minneapolis Moline Power Implement Co.—Quar. div. of $1.62% a share on the preferred stock omitted. Mitten Bank Securities Corp.—Semi-annual div. of 62%c. a share Wash.—Quar. div. reduced from 25c. a stock omitted. discontinued. 2% in common share to 50c. a share. a Bondshare of \%% on the 7% cumul. reduced from 10c. a share, or stock, to 5c., or 1% in stock. Mead Corp.—Stock div. of 1% on the common stock omitted. Milton (Pa.) Mfg. Co.—Quar. div. of 1%% on the 6% cumul. 1st pref. " & Cement Co.—-Quar. div. on reduced from 75c. a share to Louis, Mo.—Quar, div. of share. a Maxweld ' | Co., St. Louis;—Quar. div. on common Berry Motor Car div. of 4% on the 8% V/V'- Lynch Corp.—Stock dividend of 1% Marine Bancorporation.—Quar. div. Chicago.—Quar. div. of 50c. a share omitted. Security Investors, Inc.—Quar. div. of S1.50 a share on Barnsdall Corp.—Quar. divs. div. on common reduced from omitted. pref. stock Apex Smelting Co., Associated Stone Co.—Div. of $1.75 a shape on the pref. Hotel Co., Erie, Pa.—Quar. div. Lawrence pref. stock omitted. 30c. a share omitted. Ltd.—Semi-annual dividend on the 7% cumul. Lautaro Nitrate Co., pref. stock omitted. the 6% omitted. America.—Quar. div. of 1 % % on the 7% cumul. i share omitted. share Laclede-Christy Clay Products Co., St. 1 Yi.% on the 7% non-cumul. pref. stock Anglo-American Corp. of South Africa, Ltd.—Dividend on cumulative preferred stock for the six months ended June 30 1931 stock -"'v Koehring Co., Milwaukee, Wis.—Semi-annual cumul. pref. stock omitted. the 7% on -s Knickerbocker Insurance Co.—Qnar. 37%c. a share to 30c. a share. stock omitted. common V-' the Laughlin Steel Corp.—Quar. div. on common stock of 50c. Kentucky Consolidated stock omitted, 37%c. a share to 30c. a from of Canada, Ltd.—Quar. div. on common of Jones Bros, omitted. Jones & Equitable Assurance Co.—Quar. div. on common reduced share. . ' Hard Rubber Co., N. Y.—Quar. div. of 50c. a share on the American , International Safety Razor Corp.—Quar. div. on the class B reduced from 50c. a share to 25c. a share. Jackson & Curtis Investment Associates.—Quar. div. of 50c. a on the beneficial interest shares omitted. div. of 58 l-3c. a share on Inc.—Quar. div. of 50c. a share on American Chain Co., stock omitted. omitted stock A International Mercantile Marine Co.—Div. payable Aug. 15 on common stock omitted. * stock omitted. Amalgamated Laundries, Inc.—Monthly the $7 cumul. s. f. pref. stock omitted. div. on common reduced from 25c. a Manufacturing Co., South Boston, Mass.—Quar. div. on common reduced from $2 a share to $1 a share. i Hunt Bros. Packing Co.—Quar. div. of 50c. a share on the $2 partic. and pref. class A stock omitted. Industrial Finance Corp., N. Y.—Quar. div. of $1.75 a share on the 7% cumul. pref. stock omitted. International Equities Corp.—Quar. div. of 87%c. a share on the class , mon share on common as com¬ Hersey & Youngstown Ry.—Quar. Canton Akron a of 15c. a share paid from July 31 1930 to- pared with monthly divs. and incl. May 29 1931. by payment of Supervised Shares Corp.—Initial American Fixed Equities. Watch Co.—Quar. div. of 15c. Hamilton Investing Standard & Guano Co.. . 3% to 2% %. Royalties & Standardshares, Ltd.—Monthly on the 9% cumul. pref. stock omitted. decreased from $1.50 a share to (Joseph T.) Ryerson & Son, annual div. a previously paid. stock omitted. stock reduced from 50c. a share on the no par Savage Arms Corp.—Quar. div. on common a share. . Corp.—Quar. div. on common share. X Seaboard Utilities Shares X 12%c. a share to 7c. a Shell Transport & "American share" on Jan. 23 last. \ reduced from Trading Co., Ltd.—Distribution of 72.6c. on compared with 96.6c. per "American share" as ' each paid / Organ Co.—Quar. div. on the no-par common from 62%c. a share to 37%c. a share. Southwest Gas Utilities Corp., Shreveport, La.—Quar. a share on the cumul. pref. stock omitted. Skinner stock $1 a share. Inc.—Common stock placed on a $1.20 basis compared with $2 Sanford Mills.—Dividend of $1 share to 25c. div. of 7%C. a share Pawtucket, R. I.—Quar. div. on capital Co., Royal Weaving stock reduced div. of $1.62% X MONTHLY Standard 7c. Corporations, Inc.—Quar. div. reduced from 10c. share. a Paper Co.—Quar. div. on reduced common Tide no cumul. Associated Oil share on the Co.—Semi-annual div. of 30c. and $1.50 share a share on the 6% a share on the $3 the $6 cumul. pref. stocks omitted. on Street Stores Corp. stock Union reduced from (Del.).—Quar. div. 50c. share a to 25c. Sugar Co.—Quar. div. of 1M% omitted. a on Co.—Quar. div. cumul. div. pref. stock omitted. Vick Financial Corp.—Quar. div. a share to 71£c. Watson Elevator of $1.75 of $2.50 Co.—Quar. div. share to 25c. share. a on ' a (S. S.) 20c. White a share a the class the common on B stock <■ THE reduced * . a share ' the on stock omitted. Dental Co.—Quar. div. reduced from share. 30c. stock share a Whittenton Mfg. Co., Boston, Mass.—Quar. div. of \%% cumul. pref. $7 10c. the pref. share on Western Tablet & Stationery Corp.—Quar. div. of 50c. no common the on THE STOCK MARKET DURING to the 7% on omitted. COURSE OF a downward plunge. new in ances Europe beginning of the the were month 1931. The economic disturb¬ primary factor in this. the slow At the made in getting the approval of France to President Hoover's moratorium proposal constituted a depressing agency. Then came the steadily growing intensity of the economic troubles with which the German Republic was struggling, the German eco¬ nomic system suffering an almost complete breakdown, the crisis reaching an acute stage about the middle of the month. Finally, during the last half of the month, the Bank of England became the object of concern. It suffered a severe drain upon its gold holdings, necessitating exports of the metal on a huge scale. This last presented the European situation in an even more disturbing aspect than before, causing grave apprehension as to the outcome and producing a general feeling of uneasiness. At the same time many aspects of the domestic situation, especially the lack of any sign of trade revival, and, indeed, with progress many indications of further trade setbacks, and with continued poor returns of railroad earnings and unfavorable income statements by industrial concerns, attended by continued dividend reduc¬ tions and suspensions, furnished not calculated stock to act as market, but rather the upward tendency prices on an uninviting background, stimulus to a speculation in reverse. Except for the first day of July, the a the general course of be said to have been almost continuously down¬ ward. There were occasional days of upward reaction, but they were quickly followed by a new downturn again. As for the extent of the shrinkage in values, the averages of 25 selected railroad stocks and 25 industrial stocks, making 50 stocks altogether, kept by the New York "Times," afford a pretty good indication. The average of the 25 railroad may stocks at the close of June stood alt 60.95, showing 70.41; at the close of July it was loss for the month of nearly $10 a share. a The average of the 25 industrial stocks and 186.93 on July 31, registering share. June For 30 showing While the 50 compares a the loss stocks 123.94 this instance in tendency of prices downward reaction occurred by a strong upturn again on a combined with the of was 206.20 June 30 decline of almost $20 a was the of 138.30 average closing price close to $15 upward on July 31, a share. July 1, a July 2, only to be followed July 3, the day before the Inde¬ on pendence Day Holiday, on Saturday, July 4. When, however, business was resumed on after the two-day Monday, July 6, interlude, the market was distinctly >veak. awaiting the outcome of the negotia¬ Traders appeared to be tions between the American and the French French approval of President Governments for Hoover's proposal for the suspension for the period of a year of German reparations and other intergovernmental debt payments. The outcome of these negotiations appeared to be in doubt. Late on the night of July 6 the negotiations reached a point where Mr. Hoover was able to announce that the French Government had accepted the proposal in principle, though there technical differences which of a committee of experts. were 30%, and a at the same time lowered from was severe collapse occurred in rates of covered the next avoided however, sharply re¬ day, and the Bank of England accordingly advance in its discount rate. For a few days the stock market maintained a better appearance. The railroad list was under pressure nearly all through the month. The Inter-State Commerce an Commission on July 15 petition of the railroads for a 15% advance in rates, but the indications were that the hearings would be long drawn out and that there would hence be much delay in reaching a decision, thus postponing the ad¬ began its hearings on the vance in rates to a late date in the year, even supposing the decision should be in favor of the carriers. As it happened, JULY During July the stock market again reversed its course, and, following the sharp advances established during June, suffered to now Co.—Semi-annual div. stock omitted. ■, Western Paper Goods a share stock reduced from common j Western Air Express Corp.—Quar. div. of l5c. from 50c. a 1 on This other European stock reduced from share. a stock omitted. common on sterling exchange oh London, and, in fact, on almost all the exchanges, save only French exchange and Dutch and Swiss. Sterling exchange, share to 25c. a share. United States Steel Corp.—Quar. div. IH% to 1%. Utilities Public Service Wednesday, July 15, it suf¬ was the day when things stage in Germany, and when the Bank of while the reserve ratio 40% -:; the capital on and Germany made its first advance in its discount rate, and in drastic fashion, too, the rate being raised from 7% to 10%, 7% cumul. pref. stock V pressure, a share. a the on cumul. pref. . stock reduced from 50c. less under fered another severe break. reached an acute the $2 cumul. pref. on United States Realty & Improvement Co.—Quar. div. par good part of these losses was recovered before the end of the day. On Tuesday, July 14, the market continued more share on a previous Saturday, though a or a pref. stock omitted. Tri-Utilitie8 Corp.—Quar. divs. of 75c. A losses of two to three points in the active specialties as com¬ pared with the closing figures the a par common stock omitted. Tri-National Trading Corp.—Quar. divs. of $1.50 12th 15c. from a stock omitted. Water the Developments in Germany continued decidedly de¬ pressing, and on Monday, July 13, the market opened with share. a Texas Creosotlng Co., Orange, Tex.—Quar. div. of 25c. common adversely the rubber shares. the 6% cumul. on pref. stock omitted. share to 10c. 9 wheat dropped to the lowest level in 35 years, and a reduc¬ tion in the price of rubber tires affected share on the a stock omitted. (S. W.) Straus Investing Corp.—Quar. div. of 1M% Sutherland share to a •.•.,>:. .Standard Paving & Materials, Ltd.—Quar. div. of 50c. common REVIEW were to be left for the decision The response of the market on too, the local traction properties at about this time weakened because of a decision of the Court of Appeals upholding the five-cent fare. The last 10 days of the month the market was completely under the dominance of the European situation, which con¬ stantly furnished occasion for hension. drawals from 2to to new anxiety and new appre¬ The Bank of England was subjected to huge with¬ of gold, and on July 23 raised its rate of discount 4%%. 3%%, and The Seven on July 30 made a further advance Power Conference for the discussion of means and ways of session from Monday, providing relief for Germany was in July 20, to Thursday, July 23, but appeared to have accomplished nothing tangible in the way of immediate help for Germany, which now seemed doomed to work out its own salvation. The last week of the month number of adverse domestic events added to the prevailing a feeling of gloom and despair. On Saturday, July 25, and on Monday, July 27, intimations came that at the meet¬ again ing of the directors of the United States Steel Corp., after the close of business on Tuesday, July 28, the dividend on the common stock would be reduced either to 5% or 4%, and also that action would be taken looking towards a reduction wages. But the market did not appear to be disturbed in by the news, rather strong, tendency on and, in fact, the steel shares themselves were with prices for the same showing a rising a growing volume of transactions. After publi¬ cation, however, of the income statement of the company, exceedingly poor exhibit made by the same, and the with the announcement that the dividend on been reduced to the basis of 4% the common shares had the market again per annum, plunged downward, in which the steel shares took the lead¬ The public had counted upon finding a poor Showing, but nothing quite so bad ais actually appeared. The general opinion had been that the dividend would be reduced to 5% ership. instead of to only 4%, and then also the notion prevailed that definite action would be taken towards per annum, had reducing railroad wages, thereby curtailing costs and giving the company an opportunity to produce better results. In¬ stead, the only announcement that came said that the board of directors had recommended that an adjustment of salaries of all officers and other salaried employees be made in vary¬ ing percentages, depending upon the character of the salary. Disappointed in these different big decline on ways, Wednesday, July 29. stocks suffered Steel common a opened at 87^4 against 92% the final sale the day before, and closed 84%, showing a net loss for the day of 7% points. The drop in this stock carried the whole market with it, the at steel shares showed a being particularly net loss for the weak. day of 6% Bethlehem Steel American Can of 5*4 5 4%; Westinghouse Electric of 3^4; American Tel. & Tel. of 4% ; Vanadium of 2%, and American & Foreign ; J. I. Case of Power of 1%, and so on down the list. after further severe sharp rally occurred. of the month, the losses On Thursday, July 30, in the early part of the day, a On Friday, however, the closing day course of values was agalin downward. The European situation showed no improvement, and, in fact, late on Friday, July 31, the Bank of Germany further jumped up its discount rate from 10% to 15%, and its Lombard or for security rate from 15% to 20%. Means were also taken securing a large credit for the Bank of England, though Tuesday, July 7, was a severe break all around, considerable this credit was not officially announced until the next day, selling being in evidence in all parts of the market. On Saturday, Aug. 1, when intelligence came that the credit Wednesday, July 8, the market suffered further heavy de¬ | would reach the large sum of $250,000,000, one-half 'to be clines, though, on the other hand, on July 9 and July 10 the supplied by the Bank of France and the other half by the tone somewhat improved. Quite a number of adverse cir¬ '•New York Federal Reserve Bank in association with the cumstances kept the market in a very unsettled state. Steel other Reserve banks in the Federal Reserve System. In production continued to shrink, the price of copper further the United States the lack of any revival in trade became weakened, a new slash in oil prices occurred, the price of further apparent in many different ways, while commodity MONTHLY 10 REVIEW dropping to 7%c. a pound, a new all-time low, crude rubber falling to 5%c., also a new all-time low, and wheat likewise continuing its downward course. Stock York million sales Exchange on a the New many days falling below a For the entire month day. shares on Stock York of July the Exchange aggregated only 33,545,650 shares ais against 58,643,847 in June, and com¬ paring with 47,746,090 shares in July 1030. On the New York Curb Exchange the sales for the month were only 6,173,383 shares as against 9,972,908 Shares in June, and com¬ paring with 11,367,595 shares in July 1930. As to the course of prices of individual stocks a few illustrations will suffice. United States Steel dropped from 105% July 3 to 83% Steel fell from 53% July 3 to 34% July 30, and closed at 36% July 31; American €ian fell from 114% July 3 to 90% July 31; J. I. Case from 93% July 2 to 54 July 31; Westinghouse Elec. & Mfg. from 74 July 3 to 58% July 31; American Tel. & Tel. from 184% July 3 to 169 July 31; General Elec. from 45 July 1 to 39% July 30, with the close July 31 at 40; American & Foreign Power from 38% July 3 to 25% July 15, with the close July 31 at Bethlehem July 31; 27%; American Water Works & Elec. from 55% July 1 to 44% July 15, with the close July 31 at 47% ; North American from 73% July 7 to 63% July 30, with the close July 31 at 65%; Allied Chemical & Dye from 133 July 3 to 105% July 31; American Smelting & Refining from 40% July 1 to 30% July 15, with the close July 31 at 31% ; Auburn Auto from 192% July 7 to 137% July 31; Standard Oil of N. J. dropped from 40% July 3 to 35% July 15, but with the restoration of oil prices the latter part of the month closed In the railroad list New York Central 73% July 31; Delaware & Hudson 134% July 1 to 117% July 29; Atchison from 170 at 37%. July 31 declined from 96 July 3 to from July 3 to 150% July 31; Baltimore & Ohio from 64% July 3 Pacific from 172 July 3 to 1.52 July 30; Southern Pacific from 86% July 1 to 75% July 31, and Southern Railway from 39 July 2 to 27% July 30. to Union July 31; 48% prices also moved lower, and in the case of foreign Bond the declines were heavy in the extreme. As illustrations, the German international 5%s opening July 1 at 71%, reached 76% July 3, but then fell to 55 July 24. and 56%; Brazil external 8s advanced from closed July 31 at 78% July 1 to 80% July 3, and then dropped to 58 July 25, with the close July 31 at 64%. In the following we bring domestic and foreign bond issues, to indicate the trend of the bond market during July: together quite an extended list of 7s series A...1945 A...1957 Argentine (Govt) 6s series 6s of June 1925 External 5 Ms ; Australia 5s of 1925 ; External 5s of 1927. External 4Mb of 1928 1959 1962 1955 1957 1956 1952 Lowest. Conv 1932-1947 7s Queensland (State) 2nd conv Fourth Liberty 29 102 22,2 July 18 10215,2 14 510120,2 102 July IOI2032 July 10 102 1 a J July 1946 8s...1946 1946 16 1042»32 11 112=0,2 a 102 b 3. i July 28. j July 10. July 2. h July 21. 3 105 1042132 July July 1122032 July 31 11320,2 July Treasury 4s 1081632 108<32 July 30 10S2«32 July 9 clOS<32 Treasury 1944-1954 3 Ms 1946-1056.-3 Ms 1943-1947. .. 3 Ms 1940-1943 3 Ms 1941-1943 3 Ms 1946-1949 1061632 1066,2 July 30 1062*32 July 9 C106632 102S03, Treasury Treausry Treasury Treasury a b July 14. July 10. c 1022o32 July 7 103<32 21 10225,2 10227.32 1021*32 July 7 102 27,2 July 1 rf 10221,2 10227,2 1021832 July 7 102 27,2 July 22 10221,2 10110.32 101 *32 1 22 IOIK32 July 30. July July 10121,2 July d July 29 Closing Opening Atch Topeka & Sante Fe gen Convertible 61)4 64 43 July 27 46)4 22 M 15 July 31 69)4 July 26)4 July 35 24 July 30 35 78)4 58 July July 24)4 64)4 52)4 July el02)4 62 50 July 62 45 July 28 62 60 % 37)4 July 30 61)4 July 62)4 34 July 31 62)4 July 61 35 July 17 61 54 July July 55)4 46)4 July alOlM 101)4 July July 16 47 52)4 July 63)4 July 52)4 July 26 July 17 31 30 23)4 18 July 30 88 80 July c68 68 July 65 62)4 July a65 50)4 July 218,875,200 Total bond sales.. Jan. 1 to 35 shares 365,539,110 Bond sales (par value)— .? Railroad & misceil 1,058,464,700 State, munic. & foreign 478,009.600 United States Govt— 96,547,900 26 July 18 29 90 July 81 6 21 74 July 70 67)4 July 7l62)4 30 24 72 /50)4 July 18. I July 25. July 173 91)4 July /July 30. m July 24. g July 27' EXCHANGE. 1928. 39,197,238 190,309,800 302,842,900 204,233,800 S Total bond 631.245,000 454,863,241 S S S 1,181,322,700 1,160,601,000 1,250,024,650 400,955,400 365.572,650 496,430,425 69,941,600 76,921,200 126,819,250 540.414,800 sales------1,633,022,200 1,652,219,700 1,603,094,850 . ,. Government - 44,995,000 2,636,000 2,894,000 65,048,000 2,471,000 2,503,000 . - Foreign corporate 9,387,971 S •S 35.197,000 35,832,000 7,997.000 3,676,000 $ $ 1928. 57.646.450 11,367,595 6,173,383 of shares Bond sales (par value)— Domestic. -. _ - 1929. 1930. 1931. Month of July— Stock sales—No . 1,873,274,325 BUSINESS ON THE CURB EXCHANGE. VOLUME OF 2,027,000 3.607,000 Totai bond sales.— 70,022.000 50.525.00C 40,831,000 47,505,000 31— Stock sales—No. of shares Bond sales (par value)— 71,167,616 158,624,260 268,862,099 104,447,666 Jan. 1 to July Government-. $ S g § '%• ' 540,124,000 419.057.000 285,048,500 17,609,000 24,321,000 30,459,000 29,123,000 22,324,500 25,806,500 491,762,000 65,240,000 27,849,000 Total bond sales 582,054,000 478,639,000 333,179,500 584,851,000 July 31 Lowest. MONEY MARKET DURING JULY 1931. Notwithstanding the financial banks—the Bank of England rate during the month, first from 2%% to 3%%, and then to 4%%, and the Bank of Germany having on June 15 raised its rate first from 7% to 10%, and on July 31 to 15%, and the Lombard rate (or rate on securi¬ ties) having been jumped first to 15% and then to 20%— and with many other central bank rates on the European continent also marked up, either as a precautionary move or because of the promptings of distress, as related in detail other European central having been twice advanced in our discussion of the foreign standing all this, the New York money 100 M 97% 17 98 of the condition of extreme ease 1960 91M 85M July 31 91M July 87 for 1967 98 M 98 M July 1 101 1959 70 70 1 July July 6 July 30 79 M July 10 wholly unaffected, and there was not so long. 31 102 M July 6 98 96M July 31 82 % July 11 99 M July 83 M July 7 83M 1 *83 M allotment of the new Treasury 56 M ous 101M 100M July 63M 56 M July 27 67 July 3 Chic & No West conv 4 Ms ser 78 M 67 July 31 82 July 6 67 C C C & St L 98 95M July 31 98 M July 3 Erie ref & 79 74 M July 28 81 % July 7 96 % 75 .1975 Ref & Imp 5s of 1930 .1977 Gt Nor gen 4 Ms series E. Ill Central C St L & No 5s A_. .1963 78)4 74 July 29 81M July 3 74 95M 31 96M July 7 94M 88 94 M July 84 July 28 89 3 185 M South ref & imp 5s. 1950 92 Vs 90 July 25 94 M July 6 87 85 July 29 87 M July 11 190 M 85 79 M 78 M July 15 82 July 3 78 M July 63M 59M July 31 65M July 3 59 M N Y Chic & St L 4Us ser C... .1978 78 66 July 31 81 July 3 67 N Y H H & Hartf 1st & ref 4 Us. 1967 93 92 % July 31 94 M July 3 92M N Y Ont & Western ref 4s 1992 59 56 July 8 60 M July 21 94M 94 M July 31 58 in our the least modification which had been maintained discussion of United of the previ¬ heavily reduced, by successive calls for such deposits. The total of Government the month of July, the market—notwith¬ market remained This is the more noteworthy, since, as related States Treasury financing for 99 M 179% 100 M 96 M July exchange 1931. Highest. 24 99 upheaval in Europe, with of economic collapse, and with con¬ in the discount rates by so many of the 25 .1975 July 25 122,649,500 55,807,800 25,776,500 97 M July Lehigh Valley (Pa) cons 4s...- .2003 Mo-Kans-Tex Ry cum adj 5s. .1967 July 38 1929. 93,378,690 S 233,481,000 56,692,500 12,669.400 99 A.1949 4)4s serlfes E___ .1977 .1967 imp 5s of 1927 62 1930. 47,746,090 S 125,452.200 54,858,900 9,998,700 1 100 M July 1947 56)4 37 July July 31— Stock sales—No. of Foreign 36 54 056 82)4 54)4 52)4 70)4 July k July 29. 34 July 79)4 July 55 July e /45 /37)4 July 7114 88)4 50 July 40 63)4 61)4 c35)4 16 July 31 72)4, July 20 63)4 July 15 100)4 July 24 76)4 July 55 55 July 25 80)4 15 63)4 2 dllO 28 62 2 C. 4s 61)4 70)4 July 65)4 July 23 .May 15 gen July 30 97M July Chic Milw & St Paul gen 4s... .1989 Chic Milw St P & Pac 5s ser A. .1975 Miss'ouri Pacific 71 27 July 96 M July Ches& Ohio ref & Imp 4 Us B_. .1995 Kansas City 27 54 59 98 M 4)4s Ches Corp conv 5s July 57)4 July 63% 1931. 33.545.650 S 132,257,000 78,284,500 8,333,700 July— Stock sales—No. of shares Bond sales (par value)— Railroad & miscell State munic. & foreign United States Govt... Month of 73 68 % a96% Boston & Maine 1st 5s Central of Georgia 5s series 66)4 1952 99 M 4s series A... July .1948 4s .1995 Atl Coast Line 1st 4s Bait & Ohio gen Price Range for July. Price July 1. 1931. Railroad & Industrial Bonds- 83 BUSINESS ON THE STOCK VOLUME OF current advances 1131632 1042332 27 Germany on the verge 10 Loan - July d Cash sale, July 6. c 103732 July Treasury 4 Ms 1947-1952._. 4)4s or 1933-1938.. 62 51% July -■ 14 10120,2 July July 30 1031332 July 1021632 July O102 73 77M 1947 External 6s (City) 8s Rib Grande do Sul (State) Uruguay (Republic) 8s Rio de Janerio Foreign corporate 1036,2 1021632 610120.32 1031632 1932-1947--.. 4)4% or 1932-47 90)4 July 91)4 July 1941 6s. THE 4 Ms 27 1960 - - Loan— 1932-1947 July 70)4 a61M 99)4 y Conv 4s 69 27 69 5s----——--1957 Sinking fund gold 5s ..-1958 Chile (Rep) 6s..-----Sept 1961 External sinking fund 6s 1963 External sinking fund 68- —..I960 Colombia (Rep) 6s of 1928 Oct 1961 Colombia Mtge Bank 7s of 1927.1947 German (Rep) 7s 1949 German International 5Ms 1965 Mlnas Geraes (State) 6 Ms 1958 New South Wales (States) 5s 1957 5s ------1958 Peru (Republic) 7s—1959 July 31. Highest. " 3Ms 31 69 ?4 July Sale Sale July 1. First Liberty 51)4 July Brisbane (City) — 1931. Highest. 86 H - Foreign Last Range During July 1931. First July 3 Lowest. 85 M --.1958 Bolivia (Rep) external 7s 1969 External 8s- —... 1947 Brazil external 8s-----1941 6 Ms of 1927 1957 7Ms---- Price , 63 Berlin (City) 6s Domestic Government Bonds. Range for July Bonds— Antloqula (Dept) the South Amer¬ issues, particularly those of Germany and ican countries, Price July 1 1931. Industrial Bonds- Railroad & For clan t'he sales on the Trading was of only moderate volume, 'New Closing Opening prices in numerous instances touched new low levels, copper month were repayment of Government deposits growing out bonds disposed of the deposits growing out of the sale referred to was .$401,000,000, $143,480,750 were in the New York Reserve District. The calls made during July requiring repayment during that month reduced the amount of these Government deposits of which $233,529,700, of which $83,557,100 remained credited to depositary institutions in the New York Federal Reserve District. The bearing of this on the money market consists to the 68 64 July 3 57 X 30 81 51M July 78M July 83M July 15 79 94 92 M July 1 96 % July 11 94 77 M 77M July 1 81 July 7 78 dwelt upon in these columns, that against the depositary institutions are not obliged to maintain any reserves while to the extent that such deposits are converted into private deposits the cus¬ 75 65M July 31 79 July 3 65% tomary reserves are, of course, 72M 66 July 31 76 July 3 66 81 72 M July 30 83 M July 6 72M time of such great .2030 Brooklyn Union Elev 1st 5s... .1950 1941 Central Steel 1st 8s 91 90 M July 1 91M July Pennsylvania RR deb 4Ms... .1970 4s ser A... -1950 St L-San Fran gen .1978 Con 4 Ms series A Southern Ry gen 4s series A... .1956 .1969 Southern Pacific gold 4 Ms .1952 Western Maryland- 1st 4s Alleghany Corp coll trust 5s... .1944 Collateral & conv 5s. 1949 _ Amer & Foreign Pow deb 5s - -1940 Dodge Brothers deb 6s 109M 91 31 3 52 13 90 M 114% 15 92 M July 31 92 M 29 41 July July 7 30 72M July 10 70 95 M July 6 90 M July 29 124M July 8 87 m\l% 29 72 70 July 92M 90 July 15 July 28 Internat T & T conv deb 4 Ms. .1939 121M July 85 9 124 M July 27 91 12 %' 10 July 23 14 July 2 .1939 54 54 July 1 62 July 22 -1939 39 M 39M July 1 44 July 27 1934 __... 94 M 64 63 July 1 Shubert Theatre 6s July 3 1 115 38 H Skelly Oil deb 5 Ms Warner Bros Pictures 6s- 6 72 109M July 90 M July Gen Theatres Equipt deb 6s.. ,1940 .1947 Internat Paper 5s ser A & B Liggett & Myers Tobacco 7s.. .1944 6121 % 89 Paramount-Famous-Lasky 6s.. .1947 96 M July / 60 43 % in the fact, often Government deposits obligatory. However, at a redundancy of loanable funds as has been market, and with the discount rate of the Federal Reserve Bank of New York standing at only 1%%, and the bill buying rate of the Reserve institution down to only 1%, this obviously was not a circumstance of any great consequence. Perhaps the same remark should be made with reference to the repatriation of short-term credits previously extended to Germany and other central powers, but which were now being recalled owing to the characterizing the money MONTHLY REVIEW general feeling of distrust created by the distressing devel¬ opments abroad. No information is, of course, so far avail¬ able concession from quoted figures in the absence of any demand of consequence for time accommodation. The quoted rate for six months' loans on security collateral never some to the extent of such as repatriation, if any. The matter simply because any repatriation of Amer¬ ican funds previously employed abroad must have served is mentioned here to accentuate changed from 1%@2% during the month, while 60-day loans remained unchanged at 1*4 @1%%. For periods in between the prevailing ease here. As it was, all branches of the money market remained exceedingly quiet wholly devoid of special features in face of the sensa¬ tional happenings in Europe. these two extremes rates varied a trifle occasionally, some¬ times in the direction of slightly lower figures, and sometimes in the direction of slightly higher figures. Thirty-day money was often not quoted at all. In the case of commercial paper there was a repetition of previous experience in the fact that there was and The "'Monthly Review" of the Federal Reserve Bank of New York, issued under date of Aug. 1, points out that one marked characteristic of the money market has been a dis¬ position on the part of the banks "to maintain the most liquid possible position." It ascribes the weakness in always good demand for paper of a satisfactory kind and that the trading was limited owing to the absence of adequate sup¬ plies of the grade of paper desired. Rates for choice names of paper of four to six months' maturity ruled at 2%, though some paper was placed at as low as 1%% in the case of a bond the market, domestic bonds as well as foreign bonds, as due in part to this circumstance, and then observes: "This tendency is indicated by the nature of the employmentment of funds in these banks in recent weeks. very The "Monthly Review" of the New York Federal Reserve Bank, in discussing the paper market, says that the bank investment demand for open market com¬ mercial paper considerably exceeded the exceptional grades. For the past two months the member banks in principal cities have held reserves substantially in excess of the amounts they are required by law to maintain. This excess (has been larger and more continuously present than at any grade paper that time since the namely, their loans This ago. The which included in the reported item of "all other loans," and their States Government securities. As be¬ 11650987432 tween New York City and other centers New York 'Oity banks responsible for the entire increase in these two items, whereas the out-of-town banks show are excess exceedingly liquid form operates as a limitation to ting into active use of additional funds which ently in As illustrating the during July, occurred in market. it which for or has on deviation remained invariable rate, whatever from unchanged both for so market day-to-day renewals, as also not to accept less than that figure on loans made within the precincts of the Exchange. Outside the Stock Exchange loans were obtainable nearly^ every day at some concession from the 1Y>% rate, the outside rate having usually been 1M%, though on several occasions day-to-day money was obtainable in the outside market at as low as 1%. This pressure of loanable funds in the so-called outside market reflected merely the overflow of funds for which 110 employ¬ ment could be found 011 the Stock Exchange, and with brok¬ ers' loans showing still further contraction to the lowest figure in seven years, as noted further below in our detailed summary regarding these brokers' loans, the difficulty attending the maintaining of the 1%% Stock Exchange rate can well be imagined. The time loan branch of the money market, however, was equally quiescent, also at virtually unaltered rates. As a matter of fact, the time loan branch was dull sional to loans the for point of almost absolute stagnation. three months and sented the bulk of the ^business tions for time loans were almost Occa¬ wholly nominal. nearly every loan was with their dealers' sales. 60 Days. IK ... 2 IK 3 IK 4 on subsequently, 1K@1K 1K@1K 1K@1K 1K®1 K 1K®1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K AMonths addition, amount of account of of bills held by 1K@1K 1K@1K 1K@1K ....... 7 ... - 9 10 1K@1K 1K@1K 1K@1K 1K@2 1K@2 1K@2 1K@1K 1K@2 1K®2 1K@2 1K@2 1K@2 1K@1K 1K @ 1K 1K@1K 1K @1K 1K@1K 1K@1K. 1K@1K 1K@1K Satur day Sun day 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 15 16 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K ... ... ... 23'.. 1K@1K 1K@IK 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K @ 1K 1K @ 1K 1K@1K 1K @ 1K IK @2 IK @2 1K@1K IK® IK 1K®1K 1K@2 1K@2 1K©2 1K®1K 1K@1K 1K@1K IK® IK 1K@1K 1K@2 1K@2 1K®2 1K®2 Satur day Sun day 1K@1K 1M@1K 1K @ 1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K @ 1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K @ 1K Satur day Sun day 1K@1K 1K @ 1K ....... 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1K 1K@1.K 1K@1K 1K@1K 1K @ 1K IK® IK 1K@1K 1K®1K 1K @ 1K 1K @ 1K l.K@l K 1K@1K K @ 1K 1K®1K 1K@1K l Reserve RATES FOR MONEY AT Week Ended— IK @2 IK @2 IK @2 1K®2 IK @2 for • NEW YORK. V July 4. July 11. July 18. July 25. Aug. 1 Range for week (mixed & Indus, coll.) 1K-1K 1.K-1K 1K-1.K 1K-1K 1K-1J4 IK IK IK IK 1K-1K 1K-1K 1K-1K 1K-1K Call loans on Stock Exchange— Week's avge. (mixed & Indus, coll.)._ IK Times loans (mixed & Industrial coll.)— Thirty days.. / IK ... Sixty days. A-1K-1K 1K-1.K 1K-1K —1K-1K 1K-1K 1K-1K ...1K-1K IK-IK 1K-1.K 1K-1K IK-IK 1K-1K IK-IK 1K-1K 1K-1K 1K-2 1K-2 1K-2 1K-2 1K-2 1K-2 ........1K-2 1K-2 1K-1K 1K-1K Commercial paper— • Prime 4 to 6 months 2 2 Good 4 to 6 months 2K-2K 2K-2K The New York reflection of the 2 2K-2K 2K-2K .' 2K-2K Reserve Bank also points out that as a strong investment demand for bills from domestic sources the report of the American Acceptance Council showed that the group of accepting banks and bank¬ ing institutions, which report their outstandings to the Council, held in their own portfolios on June 30 $89,000,000 more bills than a month earlier, and that their total holdings $554,000,000 were only slightly below the previous high figure of January of this year. The total amount of accept¬ at ances IK @2 the Banks Double and single names— 1M@2 1K@2 1K@2 Satur day Sun day 5 Federal the second half of June." at Months. the foreign correspondents showed a net reduction $81,000,000 during July, following a smaller decrease in Ninety days.... 6 Although the bill market be¬ dealers' portfolios declined only Five months 5 Months. week slightly in of July, however, of purchases from the dealers but was also reflected in the withholding of newly created bills from the discount market. The total bill holdings of the Reserve Banks consequently declined from $103,000,000 on July 1 to $67,000,000 011 the 29tli, and the decline in holdings of domes¬ tic bills alone was even larger than is indicated by the figures for total bill holdings, which include purchases of bills drawn in foreign currencies, largely those acquired in connection with the utilization of the $25,000,000 credit to the Reichsbank that was announced last month. In Six months. 90 Days. mar¬ purchases of bills The second took the form Mixed Collateral. 60 Days. was period of heavy buying by the New York banks, appar¬ an effort to utilize excess reserves which were accu¬ Four months Rales July. special offered to the Reserve Bank, in view of the investment de¬ on the part of the commercial banks which not repre¬ Moreover* without mand DAILY RECORD OF TIME LOAN RATES. 1 30 four months was inquiry for acceptances somewhat further in the third week of July to the smallest volume since mid-March, after which there was little change in their holdings, accompanying rather quiet conditions in the market. Throughout the month of July few bills were done, and prevailing quota¬ with quoted rates extremely low, 8 for The was reduced nearly one half. less active was long, this having been This, however, was simply because by com¬ understanding the banks have shown a determination of came Exchange iy2% rate the acceptances mulating at that time, and, as the supply of bills offered to the market was not large, the amount of dealers' holdings the New York Stock hew loans. mon money become quiet, was was a the put¬ noted that virtually no changes loaning rates in any branch of the The call loan rate 110 quietude of the ket be may interest again showed the great bank funds, the discount decreases in all classi¬ fications of their assets. This present conservative attitude of the banks and their desire to maintain their funds in an available." for restricted wholly because of the shortage of supplies of paper. In its discussion of the bill market the Federal Reserve Bank of New York makes the following interesting comments and observations: "In the first week of July, a period that included the mid¬ year and holiday requirements for are holdings of United 6 market feature during the month. always good and business ties other than governments. On the other hand, they in¬ creased their holdings of bankers' acceptances, of high- result of the 4y2% further between assets, securities and their holdings of securi¬ on as a dealers the volume of commercial paper outstanding declined the end of May and the end of June, and that outstandings of $202,000,000 on June 30 1031 were 45% under those of a year During recent weeks, however, the reporting member banks principal cities have as a whole decreased their total in loans and investments despite large excess reserves. is due to reductions in their less liquid supply into dealers' lists came borrowings of commercial and industrial concerns. It also says that according to reports to the Reserve Bank from 20 depression began. In ordinary times banks seek to employ promptly any excess of reserves beyond legal requirements. decrease 11 to outstanding, however, showed $1,368,000,000 all on June 30. a reduction of $44,000,000 Small decreases occurred in the principal classes of acceptances, but the total con¬ tinued to be larger than at the corresponding period of last year. Rates for bankers' acceptances remained wholly un¬ Friday, July 10. late in the day, one dealer reduced his quotations by Yx of 1%, but the move met with no response from other dealers, and the following changed. On Monday MONTHLY REVIEW 12 fell into line and quoted the same rates as The American Acceptance Council made absolutely no change in rates throughout the month in any of the maturities, quoting 1% bid and % of 1% asked for bills running 30, 60 and 90 days; 1%% bid and 1% asked for bills running 120 days, and 1%% bid and 1%% asked for bills with a maturity of 150 days and 180 days, as will be seen by the following: this dealer again amount PRIME BANKERS' ;' uly. 30 Days 90 Days 60 Days Banks were ances, ACCEPTANCES. Call Loans 120 Days 150 Days 180 Days 2—3 r'm m mm mm m 1X-1X 1VS-1X lVs-lX ■■ mm '■ 4 mm mm mm "" 1 1- Ji Vs 1- Vs 1- 1- Vs 1H-1 1%-lX 1- 1- U 1- Vs 1^-1 1H-1X 1- Vs 1- % 1H-1 1X-1X 1- Vs 1- Vs 1- Vs 1- Vs 1- Vs 1- 1- Vs I- Vs Vs 1- V 1- Vs % Sunday 6— mm*mmm m m'' mmm m- • ■ 7— 8—-- ■ ■ mm m m mm m m m m m mmm m m m m m 9-— 10 m m m ' m ' mm . 1- 14 lVs-1 IVs-l X 1- % lYs-l 1X-1X 1- Vs kVs-l IVs-l X 1- Vs 1- Vs lYs-l IVs-l IX-IX 1VS-1X 1VS-1X lVs-lX 1X-1X IVs-l X IVs-l X Saturday 11 ■ 12— ^^^..mmrnmm- ' 13 14— 15— 16— mmrnmmmm' ..'mmm 17— mm mmmmm ■ mm"'' mm 1- Vs 1- 1- Vs 1- Vs Vs 1- Vs 1- Vs 1- V 1- Vs Vs 1- Vs 1- ' Sunday 1- Vs 7 1- Vs 1- Vs lVs-1 IVs-l IVs-l IVs-l l- 'Vs 1- Vs .! ' .• ^. *. :'K:. 1VS-IX IVs-l X tVs-lX IVs-l lVs-lX 1V8-1X 1 K-l ix-ix l^-i 1X-1X lVs-lX l3/s-ix 'V" VS.". 1VS-1X iy8-ix IVs-lX lVs-lX 1X-1X Saturday 18 19 20 21 ... 22 23 24 : Sunday 1- % 1- Vs 1- X 1- Vs 1- V 1- Vs 1- Vs 1- Vs 1- Vs 1- Vi 1- Vs 1- V 1- Vs 1- V ;■ 1- Vs I- Vs 1- 1- Vs 1- Vs 1- Vs 1- Vs 25 / IVs-l ix-i iy8-i 1%-lX 1%-lX IVs-lX IVs-lX IVs-lX IVs-lX Saturday Sunday 26— 27-— Vs 1- Vs 1- Vs 1- V 1- Vs 1X-1X lVs-lX 1- Vs 1H-1 1- Vs 1X-1 1- Vs 1X-1X 1- X 1H-1 IVs-l 1- IVs-l lVs-lX a the Reserve Banks being unable to add to their hold¬ acceptances notwithstanding their purchasing rate for acceptances is down to 1%. These holdings of accept¬ ances July 29 were down to $66,536,009 against $103,341,000. The shrinkage is even greater than indicated by the face of the figures. This appears from a remark in the "Monthly Review" of the New York Federal Reserve Bank which, as Saturday ' 5 $378,717,000, had fallen over $125,000,000. of the condition statements of the Reserve further reduction in the holdings of accept¬ ings of Secured by Bid & Ask Bid & Ask Bid tfc Ask Bid & Ask Bid & Ask Accept'ces Bid & Ask I-,*. was Other features the other dealers. IVs-lX IVs-lX IVs-lX IVs-lX 1X-1X quoted further above, notes that the "decline In holdings domestic bills alone was even larger than is indicated of by the figures for total bill holdings, which include purchases of bills drawn in foreign currencies, largely those acquired in connection with the utilization of the $25,000,000 credit to the Reichsbank that was announced last month." Two other features of the Reserve statements were the increase in the discount holdings and a further addition to their holdings of Government securities. The discounts re¬ flect direct borrowing by the member banks. In the week ending July 1 these discount holdings were reduced from $197,678,000 to $150,200,000, but during July there was an increase again, bringing the amount up July 29 to $183,036,000. The holdings of United States Government securi¬ ties which had been kept nearly stationary around $600,000,000 for a long time were run up the latter half of June from $599,001,000 June 17 to $663,399,000 July 1, and during July there was a further increase to $677,977,000 July 29. The net result of these various changes was that total bill and security holdings, which furnishes a measure of the amount of Reserve credit outstanding, stood at $934,795,000 July 29 against $927,541,090 July 1. The amount of Federal steadily ex¬ time, and July 1 stood at $1,738,396,000, 31as against $1,551,808,000 May 27, moved irregularly up and down during July, and on July 29 was reported at $1,735,Again there«were no changes during July in the rediscount 501,000. Gold reserves further increased during July, and rates of any of] the Federal Reserve Banks, this being a on July 29 were reported at $3,443,554,000 as against $3,412,repetition of the record for the month of June. 041,000 July 1. A year previously, that is, on July 30 1930, the gold holdings were only $3,004,982,000, showing an in¬ THE RETURNS OF THE FEDERAL RESERVE AND MEMBER BANKS—BROKERS' LOANS. crease during the year, roughly, of $440,000,000. In the same period of 12 months, however, the volume of Federal ^Brokers* loans during July suffered further contraction Reserve notes in circulation increased, roughly, $400,000,000, and dropped to the lowest figure reached since June 4 1924. rising from $1,335,141,000 July 30 1930 to $1,735,501,000 The total of these loans, as shown in the weekly statements July 29 1931, showing that the large gold importations, in¬ of the reporting member banks in New York City to the stead of being allowed to go into circulation in the shape of Federal Reserve Bank of New York had recorded a steady shrinkage week by week from April 15 to June 24. During gold certificates, were nearly all taken over and replaced- 28 mmm-rnmmlii- 29 30 mmmmmmm — . this Vs lVs-lX —• period the amount of these loans declined from $1,849,- In the last week of June, however, there came an interruption to the downward movement, and the amount of these loans once more ran up from $1,406,- 1. This was in reflec¬ Stock Exchange occa¬ President Hoover's action in proposing a suspen¬ year on all intergovernmental payments, including 000,000 June 24 to $1,479,000,000 July tion of the revival of activity on the sion for a German circulation, which had been panding for a long [with Federal Reserve 000,000 to $1,406,000,000. sioned by notes in Reserve reparations. But Stock Exchange speculation soon out, and after a $73,000,000 increase in the total |of these brokers' loans in the week ending July 1, the amount there¬ died notes. COURSE OF STERLING EXCHANGE DURING JULY. and, in fact, of all of in full measure the finan¬ cial whole of Europe in their grip. These disturbances, be it remembered, were no longer confined to Germany. The conference of the Seven Powers which had been convened in London on July 29. as the German economic situation became more and more desperate, for the The the course of sterling exchange, foreign exchanges, reflected disturbances that held the purpose of devising measures of relief to help Germany out week until in the week of its dire dilemma, adjourned July 23 without having really ending July 29 the amount was down to $1,390,000,000 and accomplished anything for the immediate relief of Germany, making a reduction for the four weeks of $89,000,000, or the though having made a diagnosis of German ailments and lowest figure recorded, as already stated, since June 4, 1924. needs, abounding in excellent suggestions and recommenda¬ In the different categories of loaning the loans made by the tions, but otherwise not fruitful in practical results. The reporting member banks in New York City fell from $1,129,- Germans, as a consequence, were thrown back upon their 000,000 July 1 to $1,002,000,000 July 29, while the loans made own resources, and hence were left, for the- time being at for account of out-of-town banks increased from $181,000,000 least, to work out their own salvation. In the meantime, to $219,000,000, and the loans "for account of others" re¬ however, financial London was subjected to an experience mained unchanged at $169,000,000. hardly less harrowing than that through which Germany The Stock Exchange monthly compilation also showed a was passing. France was the cause. Whether it was be¬ further contraction in Stock Exchange borrowing. For July cause it was felt that London was in danger of impairing 31 the amount of such borrowing is given as $1,344,092,754 its own position owing to the free way in which plans were against $1,391,324,922 June 30; $1,434,683,650 May 29; being devised for the benefit of Germany, or whether there $1,651,128,124 April 30, and $1,908,810,494 on March 31. was a real attempt on the part of France to bring, for politi¬ This establishes another new low record, the latest figure cal reasons, pressure against London, just as had been done being smaller than that recorded in any previous monthly in the case of Germany, the effect in either case was to lead compilation since the Stock Exchange undertook the com¬ to huge withdrawals of short-term credits from Great pilation of the figures—in other words, since January 1926. Britain in the same way that there had previously been In the condition statement of the Federal Reserve Banks withdrawals from Germany. The result was that the the feature was the great increase in the amount of deposits Bank of England lost enormous amounts of gold. This of foreign banks held by the Reserve Banks. The total of loss of gold begot further distrust, and in the end a really these foreign bank deposits in the 12 Reserve institutions critical state of things developed. The Bank of England ran in the last statement of the month (July 29) in excess return for the week ending Wednesday, July 22, Showed a of $100,000,000, the exact amount of the item being $100,loss in the bank's holdings of gold in the huge sum of £15,435,000; $42,000,000, roughly, of this increase occurred in 155,310, and in the following 'week there was a further loss the last week of the month, when these foreign bank deposits in amount of £16,734,921, making £31,890,231 for the two mounted up from $58,481,000 July 22 to $100,435,000 July 29. weeks combined, or, roughly, $160,000,000, and reducing the Only six weeks before, that is, on June 17, the aggregate total holdings of the Bank to £133,309,663, or far below the of the deposits of the foreign banks stood at only $5,676,000. Cunliffe minimum of £150,000,090; further losses, though The increase has not been explained, but is understood to in somewhat diminished amount, followed on July 30 and be due to the action of the Bank of France in disposing of July 31. Sterling exchange at the same time broke its holdings of bankers' acceptances and turning the cash badly, and, as a matter of fact, all the foreign ex¬ proceeds over to the Federal Reserve Bank. Many of these changes became completely disorganized and fell into a acceptances, it is believed, were German bills. And apparent state of general demoralization. On Wednesday, July 15, confirmation of this explanation was found in tlnp fact that in a wild market, sterling exchange completely collapsed, the Federal Reserve System's holdings of acceptances pur¬ cable transfers selling as low as 4.83% as against 4.85% the chased for foreign correspondents declined from $298,111,000 day before and 4.86 on Monday, July 13, and 4.8611/16 most July 22 to $253,578,000 July 29, and since June 17, when the after was again reduced week by MONTHLY REVIEW of the early part of the month. It was supposed, then, that the Bank of England discount rate would be raised the next day, but developments overnight regarding peared to have taken a more Germany reassuring tone. also the Bank of England directors wanted but also with respect to ap¬ except New York took gold from the Bank of England and from the London open market. It deserves to be noted that in harmony with the higher Bank of England rate of dis¬ count, bill rates in the open market London also moved allay public apprehension, and, accordingly, the Bank rate was left un¬ changed at 2y2% at the regular meeting on Thursday July 16. The pressure of bills on the market then up¬ ward, thereby enabling the Bank of England to make its higher discount rates effective. Discounts in suddenly was the London relieved and cable transfers here recovered to 4.85%. the day referred to, On namely Thursday July 16, gold with¬ drawals from the Bank of England now reached enormous open 4 measures 4%%, it having now sharply moved day, July 30. .These advances played their part in stiffening sterling rates at New York in the closing days of the month, but in the meantime the Bank of England, recognizing the gravity and urgency of the situation, was not idle in arrang¬ ing other measures of protection and relief. The nature of indicating the extreme gravity of the situation. Sterling was at its weakest, as already indicated, on July 15, when cable transfers on London touched a low of 4.83%, from which, however, a quick recovery to 4.85% occurred, only to be followed by another downward dip on July 23, this time to 4.84. The latter part of the month, however, sterling rates were fairly well maintained at some¬ what higher levels, and sales on July 31 were at 4.85% @ 4.85%, which latter compares with a range of 4.86% @ 4.8613/32 on July 1. The gold import point for shipments of the metal to New York 4.85%, and hence there from were London many estimated was occasions during at the last half of the month, when gold imports from London to this country could have been made at a profit, and as a matter of fact a large shipment of gold was reported to have been engaged for export to New York, soon after the middle of the month, but which was subsequently cancelled. Cancellation was believed to have been the result of moral suasion the part of on banking authorities here, who made every endeavor to relieve the world financial tension. Lead¬ ing bankers on this side were strongly averse to gold leav¬ ing London, regardless of the actual price of foreign ex¬ change. The sharp break in sterling on July 15 was the result of heavy withdrawals by European centers of their short-term balances generally kept in London. Everywhere there appeared to be a flight of funds to the dollar and the franc and to such countries as Switzerland and Holland. The Bank of England worked in co-operation with the banks and acceptance houses in London to prevent diffi¬ culties in consequence of these large foreign withdrawals of the metal. By far the greater part of the gold, as already stated, went to France, though Switzerland, Holland and Belgium also took some amounts of the metal. The Macr Millan Committee, which on July 13 published its report on British finance and industry, estimated that foreign deposits in London three months ago totaled more than £400,000,000, leaving London debtor, after deducting foreign acceptances of about £150,000,000, in the amount of about £250,000,000. The New York Federal Reserve Bank, in its "Monthly Re¬ view," notes that while the exchanges of both Germany and England declined to points at which it was profitable for gold to be moved from those two centers to the United States, no gold was so moved. An occasional amount, however, nevertheless slipped through, as is evident from the fact that on Aug. 4 the daily statement of the Reserve Bank reported the receipt of $1,500,000 in gold from London. In the case of Germany, the Bank says, shipments were the restrictive measures late in the month be en here route. on Reserve a This in force of that prevented by country, though was reported to $11,000,000 gold from Germany arrived Saturday, Aug. 1, and Bank in shipment of $11,000,000 New York marked on the same day the Federal reported gold for foreign account in Local bankers claimed that the an increase amount of of ear¬ $9,000,000. shipment could not have straight exchange transaction, because though mark exchange fell far below the gold point, the German exchange market was highly nominal, with only occasional represented a individual transactions in Reichsmarks. the German banks were closed, while the Beginning July 14 subsequent decrees forbidding the export of capital in any form prevented dealing in the foreign exchange market. claimed that this German been an official transaction ers dollar credit in this Accordingly, shipment of gold must any bank¬ have by the Reichsbank to set up a market, possibly to enable German busi¬ to reach external obligations such as payment for im¬ ports. From the time rke German decrees went into effect the German Government did its utmost to provide exchange for legitimate business purposes, although of necessity on a much reduced basis. ness Sterling not was really below the gold export point of London only with respect to the United States (where, however, exchange rates stiffened in the closing days of the month) | 4% @4 5/16, as against 115/16 for three months and beginning of the might be reduced to accord with the low bill rates then ruling in the open market. When the first advance of 1% in the Bank of England rate, to 3%%, was made on July 23 it had remained unchanged at 26% since May 141931. The advance to 4%% occurred on Thurs¬ become evident that heroic up, months' bills at Indeed, at the opening of the possibility that the from also quoted at 4%@ month there was still some talk of the Bank of England rate alone would were were month.> The contrast between these figures indicates the complete transformation which occurred in the London financial outlook within the brief space of two or three weeks. 10% to 15% (not to speak of the marking up of the Lombard rate, first from 10% to 15%, and then to 20%). At the same time bank rates at many other Continental centers 3/16, and for three bills at the suffice, and the Bank of Germany having in the meantime put its rate up from 7 to 10%. The latter on Friday, July 31, jumped its rate up still further, or market July 31 for short bills 1% @115/16 for short bills proportions, and continued day after day without interrup¬ tion. The following, Thursday, therefore, July 23, an, ad¬ vance in the Bank rate became imperative, and the rate was marked up from 2%% to 3%%. Cable transfers on that day once more dropped back to 4.84. The succeeding Thursday the Bank of England rate was raised still higher, this time to France, Belgium, Holland, Switzer¬ countries, and all the countries named land and some other Apparently to 13 these arrangements appeared on Aug. 1 when announcement came that a credit for $250,000,000 in favor of the Bank of England had been established, by the Bank of France $125,000,000 to be provided $125,000,000 by the Fed¬ and the other eral Reserve Bank of New York in association with the other Reserve Banks in the Federal Reserve System. In the early weeks of the month the Bank of England was still able to add to its stock of the metal. In its return for the week ending July 8 the Bank reported bringing its stock of of £165,810,946; the metal gain of £1,389,838, a to the handsome figure up even in the week ending July 15, while the relatively small, amounting to only £611,052. But this was followed, as already related, by a loss of £15,155,310 in the week ending July 22 and of £16,734,921 in the week ending July 29. The New York Federal Reserve Bank, under date of Aug. 1, discusses Lon¬ return showed loss, it a was don gold movements quite at length as follows: "Of particular interest abroad during July were the heavy withdrawals of gold from the Bank of England, the net loss amounting to over $150,000,000. Beginning on July 13 and continuing almost daily a total of over $175,000,000 in bars was withdrawn, mainly for shipment to France, with Bel¬ gium, Holland addition to ereigns and Switzerland these losses was total a of also participating. In over $30,000,000 in sov¬ withdrawn for export or "set aside." at the Bank of of which Receipts England during July totaled about $40,000,000, $15,000,000 in sovereigns was reported to have been received from $7,500,000 was sovereigns was Argentina, Australia obtained in the and market, released from earmark. South. Africa; and $13,750,000 in The bulk of the gold offered in the market, amounting to $15,000,000, was ob¬ by France. During July the Reichsbank also lost over $27,000,000 of gold, which was taken mainly for export to France, Holland, Switzerland and the United States. This tained includes $11,000,000 which was withdrawn from the Reichs¬ bank for shipment to the United States late in the month. shipment of $4,800,000 was received at Berlin from A Russia." As to the gold movements to and from the United New York Federal Reserve Bank's States, "Monthly Review" the had the following to say: "Gold movements at New York during July smaller than in the previous month. were much The principal imports were $8,250,000 from Argentina, $2,000,000 from Peru, and $2,000,000 from Canada. In addition to these imports, the receipt San at Francisco $1,500,000 from China were more York to of was $1,250,000 reported. from Japan-and These gains of gold than offset by an export of Italy and by a $1,000,000 from New net increase of $30,000,000 in the amount of gold held under earmark for foreign account. A preliminary estimate indicates that there has been a net loss to the country's monetary gold stock during July of about $18,000,000, the first monthly reduction in the gold stock since August 1930. Consequently/ the net gain of gold for the elapsed part of the year stands at about THE CONTINENTAL AND OTHER $355,000,000." FOREIGN EXCHANGES. In the case of the Continental exchanges the distressing economic and financial situation of Germany was again the controlling feature. Conditions in Germany became truly desperate. Things reached an acute stage about the middle of July, and the result was to produce utter demoralization of the foreign exchanges all over Europe, with the French franc, the Swiss franc, and the Dutch guilder about the only exceptions. It was not alone that the German mark suf¬ fered, but that the sterling rate also collapsed, noted above in that all the our other discussion of the Course of leading as already Sterling, but Continental exchanges also for the time being fell into a state of collapse. At the close of June the German situation appeared to have assumed what more reassuring look a some¬ owi]jig to the action of President EEYIEW MONTHLY 14 Hoover iii return for getting the nations of the world to agree to a one- in the way. now but the French Government stood Hoover's It gave only grudging assent to Mr. declined all suggestions for exten¬ sion of long-term credits, which was what Germany especially needed, and the Seven Power Conference for dealing with the German situation served mainly to demonstrate how futile all efforts along that line were certain to be. This Conference was in session at London from July 20 to Thurs¬ moratorium proposal and . day, July 23, and was extremely disappointing in showing that Germany could depend on nothing more than the re¬ newal of the existing short-term Conference enjoined upon credits, which renewal the the financial community of the renewal or extension of the short term granted to the Bank of Germany in June, but which originally was a credit for only a period of three weeks. * ' ' % , J "Ail this was a gradual development, during the course of whole world, and the credit for $100,000,000 , which it became more would be thrown back her salvation. inside of and on Self help was the Germany and outside. Germany working out apparent that more her own resources for slogan recommended both The crisis was intensely aggravated by the failure of the Darmstaedter und National- which closed its doors on Monday, July 13. This bank failure started runs .on all the German banks on the same day, and the resulting rush to withdraw further foreign funds from Germany com¬ bank, the fourth largest Bank of Germany, declare a bank holiday July 15, pending the formulation of plans for establishing dictatorial bank con¬ trol as well as foreign exchange control and the adoption also of numerous other restrictive and regulative measures, •the final effect of all of which w^as to completely upset the ordinary normal course of affairs. In the earlier part of this article we have outlined the numerous measures of the kind referred to, put into effect by decree under the dictatorial power vested by the German Constitution in President von Hindenburg, and there is no need of enumerating them again here. Suffice it to say that on Wednesday, July 15/ the Bank of Germany moved its rate of discount up at one jump from 7% to 10%. The Lom¬ pelled the German Government to on Tuesday, July 14, and Wednesday, advanced from 10% to 15%. On namely, Friday, July 31, as a expedient, the discount rate was raised bard, or security rate, was the closing day of the month, further desperate to 15%, and the Lombard rate to 20%. It was on July 15 the acute stage of the crisis was reached. On that that collapsed, day, as noted above, sterling exchange suddenly cable transfers dropping to 4.83% against 4.85% before, 4.86 on July 13, and 4.8611/16 on This was a new and wholly unexpected like a stunning Germany, the day Saturday, July 11. blow from a wholly now left dependent largely upon herself, had another, the last of which was the advance of the Bank of Germany rate to 15% and the Lombard rate to 20%, followed early in August by a step closely suggestive of a moratorium on private debts. In the great and general slump in the exchange market on July 15 the German mark dropped to 20.00c. for checks and to 20.75c. for cable transfers, but there was quick re¬ covery the next day to 23%c. for both checks and cable trans¬ fers, and the rest of the month the rate ruled above 23c., with the quotation for Cable transfers on July 31 at 23.50@ 23.70c. These, however, as already related further above, were merely nominal quotations, there being few transactions of consequence in this market, exchange on Berlin being completely in the control of the Bank of Germany. In its restrictive measures, one after July 28 a further moved its rate up on place. resort to month. forbidden, the Bank advance to 10%. The Bank of Ireland July 23 from 3%% to 4%%. This was the day when the Bank of England made its first advance of 1%. On Friday, July 31, the day after the second advance by the Bank of England, the Bank of Ireland further raised its rate from 4%% to 5%%. On Thursday, July 30, the National Bank of Sweden marked its rate up from 3% to 4%, effective July 31. On July 23 the Austrian National Bank advanced its discount rate from 7%% to 10%, and on July 24 the Hungarian National Bank moved up from 7% to 9%. On July 20 the National Bank of Yugoslavia increased from 6%% to 7%%. French exchange kept rising while exchange on Germany and Great Britain and so many other countries was falling. As against 3.91 7/16c. on July 1 cable transfers on Paris advanced to 3.94% on July 15, the day of the great crisis in the exchange markets. It then reached the point at which gold might have been exported at a profit from the United States to Paris, but no shipments were actually made. By July 24 French cable transfers were back to 3.91%, and the close July 31 was at 3.92% @3.92 3/16. The Bank of France showed some loss of gold in the first two weeks of the month, but more than made it up in the remaining weeks. For the week ending July 4 it reported a loss of 196,930,680 francs, and for the week ending July 11 a loss of 1,459,819 francs, but in the wreek ending July 18 had a gain to its credit of 419,348,893; in the week ending July 25 a further gain of 1,246,483,172 francs, and in the wreek ending Aug. 1 a still further gain of 514,000,000 francs. The Italian lira showed no great change during the month except that it participated in the general tumble on July 15.' Cable trans¬ fers on Italy sold down to 5.213/16 on July 15 as against 5.23 9/16 on July 1; the, range Jan. 31 was from 5.23% on development, and unlooked for quar¬ ter. Most of the other European exchanges, however, suf¬ fered a similar breakdown, though exception is to be made of several of the centers of the countries which were neutral during the war, more particularly Swiss francs and Amster¬ dam guilders, and also, of course, excepting the French franc. This was a startling demonstration going to show that the circle of the disturbance was widening, and, worst of all, that it had extended so as to include Great Britain, the world's great financial power. Sterling exchange showed quick recovery the next day, Thursday, July 16, the day of the weekly meeting of the Bank of England board, and in view of this recovery the Bank did not deem it incumbent to advance its discount rate from 2%%. But London now became the subject of gold withdrawals of the same intense severity as the Bank of Germany had previously experienced, and it became apparent that a deep feeling of distrust had grown up and was rapidly spreading—a feeling of distrust so deep that there was danger that it might involve all in ruin. It was no longer Germany alone that needed safe¬ guarding and protecting, but England as well. The steps taken by Great Britain for dealing with this critical state of affairs have been enumerated further above in the proper was month the Bank of Ger¬ Gold exports from Germany being of Germany could suffer only the reductions due to its own volition. It should be stated that with the total of the Bank's gold holdings so enormously reduced, they fell below the legal minimum of 40%. Thus the return of the Bank for July 15 showed a decline in the ratio of reserves of gold and foreign exchange from 43.8% to only 35.8%. The minimum was then changed by decree of President von Hindenburg and reduced to 30%. As indicating the generally disturbed state of things all over Europe the numerous advances in central bank rates form the best illustration. The changes made by the Bank of England and the Bank of Germany have already been referred to. On Monday, July 6, the Bank of Spain raised its rate of discount for commercial bills from 6% to 6%%. On July 13 the Bank of Danzig raised its rate from 5 %to 6%; on July 17 it made an advance to 7%, and quarter of the land, the Bank of France and the American Federal Reserve Banks. President Hoover's plans looked to still larger aid for the benefit of Germany, the first quarter of the showed a gain in its gold holdings in amount of 661,000 marks, but in the second quarter recorded a loss of 55,664,000 marks, and in the third quarter of 13,289,000 marks, with an increase of 10,495,000 marks in the final many moratorium on intergovernmental debt payments, ineluding German reparations, though it was not as yet entirely certain that France would give unqualified assent. As fur¬ ther aid, a short-time credit for $100,000,000 in favor of Germany had been extended as a result of the joint action of the Bank for International Settlements, the Bank of Eng¬ year to 5.23%. neutral during the war, and the Amsterdam guilder are concerned was that rates moved up when those on other centers except France kept declining. This indi¬ cated that the credits being withdrawn in such huge amounts from Great Britain, after the similar withdrawals from Germany, were finding lodgment largely in Switzerland and in Holland, apart, of course, from the huge amounts that were being recalled by French lenders and which found their way into the Bank of France. Cable transfers on Switzerland, as against 19.34 July 2, sold as high as 19.51% July 29, with the range July 31 at 19.50% @19.51. Cable transfers on Amsterdam, as against 40.22% on July 1, touched 40.33 on July 15, the day of the general, collapse in exchange rates, and sold again at the same figure on July 25, with the range July 31 at 40.30@40.32. The Scandinavian ex¬ changes, however, did not share in the rise, but rather moved downward in the general decline. The Danish crown for cable transfers was at its high figure for the month at 26.79% on July 7, and at its low figure July 23 at 26.65, but recovered the latter part of the month and sold July 31 at 26.75. The Swedish crown was at its highest on July 7 at 26.82%, and at its lowest at 26.67 on July 22, with the range July 31 at 26.77@26.77%. The Norwegian crown was at its highest at 26.79% July 7 and at its lowest, 26.66, on July 16, with the range July 31 at 26.75@26.76. The Spanish peseta followed a course all its own and moved almost con¬ tinuously downward. The internal political disturbances were one reason for this, and the failure of the Bank of Catalonia on July 7 (a 430,000,000 peseta institution with 28 branches scattered throughout Spain) was another. The peseta for cable transfers on July 31 was down to 9.01@9.06 against 9.65@9.70 on July 1. Exchange on South America during July was generally wreak and lower. The numerous political upheavals, with successive changes, as in Chile, in the head of the govern¬ ment, explains this in part, but in addition the low prices ruling for the products of these South American countries were a further depressing agency. Impending defaults in interest payments on foreign loan obligations constituted still another untoward development. Chile announced her In the exchanges on the feature as the countries far as the Swiss franc MONTHLY REVIEW 15 inability to meet 3211/16 July 1 and the 30% @30%. her foreign exchange coupons due Aug. 1, City of Ilio de Janeiro was another unit similarly affected. came This last followed from the announcement which on Monday, July 13, that the provisional government have provincial on to meet such loans. Accordingly, payments suffering the loss by exchange value of the out of their the provinces own resources, exchange consequent the upon 44.62@46% the and Banco although Japanese Japanese business yen I I I I I I I I I I I. I I I I I I I 00 00 00 00 00 00 CnOCnCnCn booooo bo OiOnPi.iP.cnCn if- Cncn Cn CnCn « <o bo oo 00)0)010 0 Myca -i\-i cn ^ a a Hp. HP. HP. a 00 00 00 00 00 00 03 05 C5 OS OJ © July 31 The Chilean has been was July. 1. Hp. Hp. it- if- Hp. Hp. H*. Hp. Hp. Hp. Hp. Hp. Hp. Hp. Hp. 00 00 00 00 00 Cn Cn cn cn cn oo oo oo bo oo oo Cn Hp. Hp. Hp. Hp. Hp>. oo oo oo oo bo oo hP. hP. hP. CO Cn cn oo a a bo bo bo oo a" a 00 00 00 00 00 00 Cn Cn hP. hP> Cn Cn oo 00 00 00 OS 05 05 05 OS OS til a a a a a Hp. Hp. Hi. Hp. Hp. Hp. oh Hp. Hp. Hp. bo bo ^ 5 S ££& a a a a Hp. (P. Hp. Hp. HP. Hp. •^NjnNH \M MS at 5"?\W 00\ PS aSa a a a Hp. Hp. HJ. HP. Hp. Ht. Hp. Hp. Hp. £2 C bo bo bo bo bo hP. Cn Cn Cn cn 05 Hp. Hp. Hp. Hp- Hp-Hp- Hp.HP.Hp. Hp. lP.HP.HP.HP. Hp. Hp. Hp. t-P. Hp. tP. Hp. Hp. tP. 00 00 oo'oo booo 00 cn cn OOOOOOOO hP. hp. booooo Cn if- CO hP- hP. hP. if-WCnCn 00 00 00 00 co 00 os 05 c5 05 05 05 C5 C5 cn qoP {5 HP. HP. s. Hf- jf£ Si. §- HP- 00 00 00 00 bobo booooo Cn cn Cn cn Cn Hp. Hp. Hp. Hp. X£ sX gj a n Hp■ Sa " " M bo bo 00 & Hp. Hp. Hp. Hp. Hp. Hi- Hp. Hp. Hp. t(. Hp. GO 00 00 00 00 00 00 00 oo 'oo a a a nlis. fv ik HP. Hp. Hp. tt. ■ a a a a a a Hf. Hp- tP- HP. (p. Hp. ■ a a a tP. Hp- Hp. 00 00 00 00 00 00 05 05 05 os os 05 00 SKXX sXXaXs" :sx Hp. Ht.tP.lP.tl. Hp. Hp. Hp. Hp. Hp. tP. if- Hp. tP- 00 bobobobo„bobobobobobo_. tribobobo H-'H-'H-.t-'H-'CCH-'l-'OH-HtOtOGGfcO against 58.0!2!@58% $1.04. All the toi--tow52wwwwwwc2ji<www Hf- value of a Hp. hP. Hp. Hp. Hp. a July HP. IP. (P. a a a a a a Hp. Hp- HP. Hp. HP. if- HP-HP-ip- HP- if- tf- oo oo S P Hp. HP. bobobobobo!l>;boboboboboboH> 00 00 00 00 00 H-*tOtOtON>H<'tO»-'l-<i-'tOtOHcj tOH-'WCOH^Hp.HP.HP.HP.tP.Hp.H^^Ht.HP.HP. XXX Hp. Hp. Hp. Hp. W to HP^ Hp. Hp. Hp. Hp. Hf. Hi. Hp- Hp. Hp. Hp. Hp. tf.Hp.tp.Hp. 00 00 *-j bo 00 00 bo (OfflOOO booooobo OOOOHH t-» M©l-HtO X XX X a a a a a Hp. Hp. Hp. Hf. Hp. aaaaaa <J 00 00 00 00 000000000000 I-.0 O O H-* t-i tP. If. Hp. Hp. Hp. Hf. <00000 H- 10 -HS ►- ^ 00 00 00 00 00 ^ -p. Hp. Hp. tp. H® S" cc 15 00 00 00 Hp- Hp. if- t). Hp. lf- XX a Hp. |_i H-* H-4o to to xxx aaaaaa Hp. Hp. Hp. Hp. Hp. Hp. Hp. Hf. Hp. Hp. booooobo Hp. Hp. Hp. xxxxxx c»a a a a bo 00 00 oo 00 00 00 co co co co co co H-* VM 00 fXssT,?- ^^oooobo xxxxx badly tlCc aaaaa^aaaaaa Hf-Hf-Hp-Hf-HP-Olf-Hf-lP-Hf-Hf-lf-U aaaaMOoa^oaMl!!®®1® Hp. Hp. Hp. Hp. W Hp. Hp. s affected by especially the unfortunate European for checks 49.34@49% bo at £ developments during July. The price of silver in London, after moving up from 13 9/16 pence per ounce on July 1 to 13% pence July 3, later in the month weakened, and July 25 was 1211/16 pence, with the price July 31 at 13c. The against oo July 31 i=^c stated, has been exported and meat light, with the result that there are no conditions and I I o> a a a a a a HP-. HP- .p. p. >p. p. Cn Oi Cn Cn cn exports to sustain the exchange value of the peso. Exchange on the Far East was dull during July, the Chinese currencies moving strictly in accordance with prices for silver. The Japanese yen continued relatively steady, world I I —J aaaaaa a a a ■ Hp. Hp. HP. Hp. HP. was are very I I ssTK a o The Uruguayan peso went all to pieces; When at par this unit has shipments I I if- if- ll- Hp- Hp- lf- low July 31 against country's wool, it I I 00 00 00 00 00 00 oo down to 6.90@7.05 July 31 against 7.70 July 1. peso for checks was quoted at 11.99@12% to I I OO 00 oo 00 00 00 Hi-. Hf-lf-. W Cn Hp- bo Argentine peso for cables was quoted at only 29.65@29% July 31 against 31 % @31.95 on July 1. The Brazilian milreis moved irregularly, but was down I I 00 00 00 00 oo 00 Cn Hp- W W hP- Hp- a a hp- tp» ipk jp. HP-. was much inter¬ ested in the report submitted by Sir Otto Niemeyer on the condition of Brazil. The was I I 00 00 00 00 00 a sold s> the Banco Alleman Transatlantic Gei'manico do Americo do Sol. The market July 1. I I .p. hp. 4* if-. if- if- cncncncncn 3, <1 Oi Cn tP* W tO I-* © CO 00 ^ © Cntf^WKSi-' I I hP-. hP- ^ 4* tP-. tP- a The National Government will peso. banks, it July mhm Hp- tP-. hP-- tf-. tP- XBKs-s" continue to ship gold, however, for payments on the repub¬ lic's own obligations. The German situation was reflected in Brazil by heavy withdrawals from two large German 12.07@12.10 July 1. 331/16@33% WWtOtOtOtCtOtObOtOlOtOMH-i '-"ocooo^joscn^wbat-'ocooo CO 00 of Argentina had decided not to withdraw further gold from the conversion office for payment of interest and service charges to 00 00 00 co co co « -"X-J* xxxxxx HP.hP.hP.hP.hP. HP.tp.hp.tp.tp.tf. bo bo bo bo bo bo *00 bo bo bo bo ©OH-HH-ll-4 H-iOOOt-HH-H 'hp.tp.hp.tf.tp.Hf. e 0 — M h- o» » a* tP. Hp. (p. Hp. tP. Hp. "oo oo bo oo oo oo 00 co co co cow 00 00 oo co co to & a a a a Hp. If. Hf. Hf. Hp. a a a a a a tf. Ip. Hp. Hp. Hp. Hp. 00 00 00 00 00 to to to to 00 00 00 00 00 00 to t—H H—H I—i to to a o aaaaaa aaaaaa Hp. Hp. Hp. Hp. HP. Hp. ho quoted at 49.33@49% July 31 The Ilong Kong dollar for Hf. Hp. tf. (f. tP. Hp. a a a HP. Hp. if. 00 00 00 00 00 00 Hp. Hp. Hp. Hp. Hp. Hp. 00 00 00 Hp. Hp. Hp. M checks, after moving up from 25% @25% July 1 to 26%@ July 3, closed at 24% @24% on July 31, and the Shanghai tael for checks, after moving up from 32%@ 26 3/16 Hf.HP.lP.lp.Ht. t^t^l^tp.tp.|p. tp.H^Hp^H^tP.H^ Hp. Hp. tf. if. tf. Hp- "oo "oo bobobobobo'oo 000000000000 tP.cnCniP.tP. tP.Hp.wWHp.tf. wtP.tP.wcncn 000000000000 05 05 05©oscn sXXXXX ^ oo oo oo s S OH HI «6B Cn 11 ft . I H.¬ § RATES OF EXCHANGE ON CONTINENTAL CITIES. Paris Swiss Francs Amsterdam Francs Guilders Bankers' Checks Bankers' Checks Cables Cables 1 3.91{i«a3.917x« 3.91^603.9154 2 3.91'iea3.91H 3.9154a3.91#i6 3 3.91Jita3.919i6 3.91#t6a3.91 54 4 holi day 5 sun day 35 Ha3.91 % 3.9154a3.91»i6 7 3.91ui8a.9115i« 3.91l3i6o3.92 8 3.91»i«a ,92iie 3.921I6 10 ^a3.92^ 3.92 3.92®i«a3.92% 3.92L60.92H16 54a3.93 14 3.92 a3.92Ji 3.92 5403.92 54 15 3.92^a3.94 3.93 03.9454 16 3.92^a3.93^ 3.92 54a3.9354 18 3.92^a3.93H 3.92 54a3.92 54 3.92^a3.92^ 3.925iea3.92 54 19 sun day 20 3.92 %a3.92 J4 3.92 54^3.92 54 21 3.92^a3.92 % 3.92»i603.92 54 24 3.9154 a3.92 54 3.9l54a3.92 3.9l54a3.92»i6 3.91^a3.92 3.9154o3.92 26 sun day 27 3.9l54a3.92 3.9l54a3.92 3.9154o3.92 J4 3.9154a3.92 54 29 3.91J4a3.92 3.92 30 3.92 a3.92 54 3.925403.92 54 28 31 3.92 O19.40 .39 al9.41 19.40 54 a.4154 .40540.4154 . / ; . 19.4254 1 sun day n .38 al9.40 19.39al9.4054 39541.4054 19.41al9.4154 4012I19.4U2 41541.4254 4354119.44 43541.4454 19.41 019.42 a3.92 54 3.92 54Q3.92316 019.45 19.44 al.4454 019.43 019.50 19.49 54al9.51 sun day 49 54119.50 19.50 019.51 49541.5054 19.50 5ial9.51 50al9.5054 19.50541.5154 19.50 19.50 54 al9.51 19.50 54al9.51 19.50 1 3 4 Denmark Sweden Kroner Kronor Bankers' Checks Cables Bankers' Checks Cables 5 6 .7 8 9 10 11 12 13 14 16 16 17 18 19 20 21 22 23 24 25 26 27 26.76)4 26.77540.78 26.79a.80 54 26.81a.8154 26.7754 il 26.79*20.80*2 26.81a.8154 26.76*21.7712 26.78a.78 54 26.80a .8154 8154a.82 54 26.76a.76 54 holi day HOLI day sun day sun day 26.76*20.77*2 26.78o.7854 26.79*20.80*2 26.81a26.82 26.78 26.79a.79 54 26.81 26.82a.8254 26.7754 26.78540.79 26.80 540.81 26.82 26.77 541.78 26.79 26.8054a.81 26.82 26.79 26.77540.78 26.80 540.81 26.82 26.77 541.78 26.79 26.81 26.82a.82 54 sun day sun day 26.750.77 54 26.76a.7854 26.78 26.79 26.72a.7354 26.73a26.75 26.7554a.77 26.77a26.79 26.6Sa26.71 26.69a.7154 26.70a26.74 26.71a26.75 26.69 26.67a.7154 26.64a26.67 26.65a26.68 26.69a26.70 26.70a26.71 26.68 26.69a26.70 26.71 26.72a26.73 26.71a26.72 26.72a26.73 26.74 26.75a26.76 26.72 26.72 540.73 31 26.73 26.74 26.7354 26.7454 26.75 26.75a.7554 26.72a.7354 26.73a.7454 26.75a.7654 26.76a.77 *4 26.74 26.75 26.76a .76 54 26.77a.7754 For tables usually appearing Checks Bankers' Cables Checks holi day holi day holi day sun day sun day sun day Cables sun day sun day 40.28 40.27 54140.28 13.95al3.9554 13.96al3.9754 O40.31 13.9454i.9554 13.96ol3.96 54 O40.33 40.29 a40.33 13.94 ol3.95 13.95 holi day sun day .29 541.29 54 5.23 541.23 54 1 ,29541.2954 5.2354I.23»i61 5.2354i.239i#'l 5.2354i.239i6'1 5.2354i.23»i6l .29 541.29 54 1.29**16 1.29**16 1.29**16 .29541.2954 ,29541.2954 ,29541.2954 1.29**16 1.29**16 sun day 5.22»i60.23 ,27a40.2854 40.2754i.29 54 13.93al3.9354 13.93 54113.94 5.22540.23 2954140.32 40.30 54140.33 13.95ol3.95 54 13.96al3.9654 5.22541.23 5.2254a.23 5.2254a.2354 sun day sun day 29541.2954 ,29541.2954 29540.2954 29*160.2954 29 day 1.2954 1.29)4 a.2954 a.2954 1.2954 1.2954 1.2954 1.29)4 a.2954 a.2954 sun day 4-«i 5.22541.23 5.23*iea.2354 5.22*3i60.2354 5.233i60.2354 0.2954 0.2954 Vienna Reichsmarks Schillings Pesetas Bankers' Bankers' Bankers' Bankers' Checks Cables holi day holi day sun day sun day 26 .76 541.77 54 26.78026.7854 23.70)41.7254 26.78 26.79a26.79 54 26.7754 26.7854 026.79 .77)4026.78 26.79 .77)4026.78 26.79 ,7754 a26.78 26.79 23.7154 a23.73 23.72 54a.7354 23.71a23.72 23.72 54a23.73 23.71a23.7354 23.72)41.7354 23.7154023.73 23.7254a.73)4 2 3.68 54 a.70 54 23.69a23.7054 sun DAY 26.69 26.66a26.70 26.69a26.70 9.58 14.05 14.06ol4.08 9.45 14.05 14.06al4.08 9.45 9.45 1 Checks 9.65 a 9.51 9.46 a'9.51 a 9.52 9.48 119.52 119.70 holi day sun day 14.05 14.06al4.08 14.05 Cables 9.69 a 14.06al4.08 14.06al4.08 sun day 9.55 9.46 -4 al9.56 9.53Ho 9.57 9.48Ha 9.55 9.48Ha 9.55 9.55a 9.58H 9.50 a 9.55 9.50 a 9.55 9.52Ha 9.55 14.05 14.06ol4.08 14.05 14.06al4.08 9.51 14.05 14.06al4.08 9.50 a a 9.55 9.55 9.51 a 9.55 14.05 14.06 9.50 1 9.54 9.51 a 9.54 2154 122.00 14.05 14.06 9.51 a 9.57 9.53 a 9.57 sun day sun day . i 20.75o22.00 14.05 14.06 9.50 a 9.55 22.25 a2354 14.05 14.06 9.31 a 9.45 9.33 o 9.45 23.00 02354 14.05 14.06 9.35 a 9.40 9.37 a 23.00 9.40 23.00 02354 14.05 14.06 9.33 a 9.40 9.34 a 9.40 sun day 67o26.70 14.06ol4.08 22.225412354 a2354 .71026.7154 26.72o26.72 54 2254 .68026.69 Cables 14.05 21.50a23.13 sun day ,75o26.7754 26.76a26.78 54 2154 a23.00 ,72o26.7354 26.73a26.75 • 2154 a22.00 ,68o26.71 26.69a26.7154 20.00a22.00 Checks 14.05 1.29**16 Spanish holi day 23.71 )4a23.73 1.29 54 1.2954 1.29)4 1.2954 5.2254a.2354 5.23541.2354 2954a.2954 5.2254a.2354 5.2354a.2354:l 29540.2954 5.22540.2354 5.2354a.2354!l 29*160.2954 Berlin Cables 1.2954 1-2954 1.2954 a.2954 a.2954 Kroner Checks *4 sun day 5.22 54a.23 5.22540.23 5.2254a.23 Norway 26.7654 26.77 )4 026.78 23.71 *4a.73 5i 26.72 54a.73 54 .76026.7654 23.71 )4o23.73 23.72)4a23.73 26.7754 .76)4a.7754 26.78a26.7854 23.71*4023.73 23.72)40.7354 "» 1.29**16 1.29*,, 1.29*1, a.2954 a.2954 sun day ,2954140.31 40.30 54140.32 13.95al3.95 54 13.96 ,3054o40.31 40.3154140.32 13.9454i.9554 13.95 54113.96 29a 40.31 40.3054'a40.31 13.95al3.9554 13.9554 29 54a40.30 40.31 040.32 13.95 54113.96 13.96al3.9654 29a40.3154 40.30 a40.32 13.95 013.96 13.96al3.9654 1.29**16 sun day sun day sun day sun O40.30 40.28 54140.32 13.91al3.9354 13.93 013.94 5.22 a .23 26 »4140.28 40.28o40.29 54 13.9254i.9354 13.9354113.94 5.22 a.22J4 2354140.26 40.25 O40.27 13.9054i.9254 13.9154a-92 54 5.2254a.23 ,24 O40.26 40.2 5a40.26 54 13.9154al3.92 13.92 54113.93 5.223iea.23 ,27 1.29**16 1.29**16 1.29**16 5.23»i6a.235,il 5.21J4l.23'i6 5.22 541.2354 5.2254a.2354 5.2254a.2354 27 5.20**160.2254 5.2l3iea.2254 28541.3054 40,29a40.3154 13.9354i.9354 13.92al3.9454 5.2154a.23*i6 5.21541.2354 ,29 54140.31 40.3054140.31 5.22 13.9254i.9354 a5.23 13.9354 5.22541.23 27 a 40.29 40.27 54140.29 13.9154 al 3.92 13.92 6i ea .92 54 5.22541.2254 5.22541.2254 o23*4 sun day sun day 9.51 Ha 9.55 sun day Ht* 4 26.68a26.71 23.50 023.65 23.50 O23.70 14.05 14.06 9.21 a 9.30 9.22 a 26.70 9.30 23.49 023.65 23.50 023.65 14.05 14.06 9.19 a 9.30 9.20 26.66a26.68 23.00 .6554026.67 26.66 54 026.68 23.00 a 9.30 023.63 23.00 023.64 a 9.25 26.69 ,65o26.67 26.68 .71o26.72 sun day 26.71a26.72 26.72a26.73 26.72a26.75 26.7354a.76 28 29 30 26.66a26.70 26.68 )4a.71 26.69a26.72 26.71a.7154 26.72a .72 54 26.74 26.75a26.76 26.68a26.69 26.69026.70 26.70a26.71 26.72026.73 sun day sun day 26.6654i.70 26.68a26.71 26.70 54 a.72 26.72 54a-73 26.69 26.70 26.71540.72 26.72 541-73 26.65a .66 54 26.66a26.68 26.660.70 54 sun day Bankers' Cables 13.9454i.96 54 5.23*160.23716 13.96 013.97 5.23541.23*16 13.95 54113.97 5.23541.23 54 13.96ol3.9654 5.23*160.23*16 25 54140.27 40.26 541.28 54 13.95al 3.9554 13.96 54113.97 5.23541.23*16 28a40.2954 40.29 54140.30 13.96al3.96 54 13.97al3.97 54 5.23541.23*16 July 2 Checks , 19.44 al9.43 19.42 42541.4554 19.43 54019.46 47 019.49 19.47al9.4954 49 Bankers' Cables O40.25 13.93013.9554 22541.2454 40.24 24a40.2554 40.25541.26 54 13.95541.9554 25541.2854 40.27a40.29 54 13.9454i.9554 25541.2754 40.26541.2854 13.9454i.9554 26a 19.4154al9.43 19.42al9.4454 19.44al9.4554 42541.4454 43al9.4354 41 Drachmas 28?^a40.30 40.29 sun day 22 3.91 % a3.9214 3.91 J403.9254 23 3.91^a3.92J4 25 019.41 3754il9.40 19.39 54i.4054 39O19.4054 19.40 54al9.41 a3.923i6 11 3.92»i«a3.93 3.92 "1603.93 12 sun day 13 3.91i*iea.92»i8 3.92 17 3754a.4054 19.39 36541.3954 19.38 Greek Lire 21a40.2254 40.22 54 a40.23 13.91ol3.92 54 13.92 541.9354 5.233iea.237i6 5.23»i6 ,29541.2954 21541.2254 40.22 54a40.23 13.92al3.9254 13.9354 5.2354a.237i6 5.2354 .29541.2954 ,21541.2354 40.23O40.2454 13.92al3.9354 13.9354113.94 5.2354«.2354 5.2354i.23»ifl .29541.29 54 sun day 6 3.91 9 3.91 019.37 19.36 541.37 54 holi day Italian Belgas Bankers' Checks 3554al9.36 19.36 54il9.37 3254ol9.36 19.34al9.3654 • Antwerp 26.69a26.70 26.72a26.73 14.05 14.05al4.06 9.16 a 9.25 9.17 O23.50 23.00 O23.50 14.05 14.05al4.06 9.05 a 9.20 9.09 a 9.20 23.00 023.63 23.00 023.64 14.05 14.05al4.06 9.00 a 9.05 9.01 a 23.50 9.05 023.69 23.50 O23.70 14.05 14.05al4.06 8.99 a 9.05 9.00 a 9.05 sun day .71026.72 26.72 26.72a26.73 26.73 .7254126.73 26.7354 .72o26.74 26.73a26.75 ,73o26.75 26.75a26.76 here, showing daily sun day sun day sun day 1 23.50 023.70 23.50 O23.70 14.05 14.05al4.06 9.06 a 9.10 9.07 a 9.10 23.50 O23.70 |23.60 023.70 14.05 14.05al4.06 9.06 a 9.09 2 3.62 54 a2 3.70 I23.65 9.07 a 9.09 O23.70 14.05 14.05al4.06 9.04 a 9.08 9.06 a 9.08 023.74 14.05 14.05al4.06 9.01 a 9.07 nOI 9.02 a 9.07 14.05 14.05al4.06 9.00 a 9.06 9.01 a 0 06 23.60 a23.73 ,23.60 23.49 O23.70 rates of 01 ten 70 exchange for the month on Other Centres, see page 56. 1 Exchange New York Stock MONTHLY AND YEARLY Jan. 1 to July 31 1930. Stock Sales. $218,875,200 1,633,022,200 $190,309,800 1,652,219,700 July--.-.-».^.---..-5to8 The tables on pages 16 to 38 furnish a complete Jan. 1 to July - 47*746,090 33,545,650 540,414,800 365,539,110 31 record of tho transactions on 1930. 1931. 1931. Bond Sales. July DURING JULY 1931. BOND PRICES RANGE OF RECORD the New York Stock Exchange during self-explanatory. The tables adopted in the official list. bonds mature. interest-paying bond at price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. A few other bonds, like the Holland-American Line 6s, for special reasons, are also quoted "flat," but where this is the the quotation "flat" will be found against the name of the issue. This method of quoting bonds since January 1. They need no extended introduction, as they are embrace every security dealt in on the Exchange. We give bonds first, using the classification The black-faced letters in the column headed "Interest Period" indicate in each case the month when the In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for July are and range a case became effective Jan. 2 For footnotes to Sales in July 1909. tables see last page of bonds 1* BONDS N. 7. STOCK Value. Registered Fourth 4Hs...........-.1933-1938 Registered..... Treasury 4s 337:606 Treasury 3%s 111:666 Treasury 102*is Jan. July 1 11 10 Panama Canal 3s STATE AND CITY New York 16 23 102«*,,Jan. 29 105*,, May 102*«*iJan. 29 105 109****Feb. 1041#32July 112'*> Sale 1131632Sale 112203*Sale 11220uJuly 31 11320*iJuly 11 Safe i08i*32Saie" 108"" 108*32 108*31 July 30 1082*siJuly 9 1061** Sale 106*32 106«si July A A 108**1 J S M M S J D J D J D J D 106 30 1062**,July 9 1023°!2Saie" i022632Saie' 1022°32July 7 103*si July 21 102*,* Sale 102273,Sale 102 7 *32102 2 *32 10218s*July 7 10 2 27*iJuly 1 7 1022732July 1 10121*2July 22 22 10227*2Sale 10 2 2132Sale 102 "n July D lOl8** Sale 101i*32Sale 101*32 July 92 1955 1936 ... 4% Corporate stock... 4Ma Corporate Stock 4 Ha Corporate stock.. 4H> Corporate stock.. 4 H* Corporate stock 4 Ha 2 2 114 ***May 2 112*o»,Jan. 27 2 109*»»,May 21 107****Apr. 13 108"*,Jan. 12 ....1955 99 102 99 1958 1959 I960 1971 1963 ...1965 1967 99 100% 100% 100% 100H 101 101 100***,Mar. 100***iFeb. 102**»June 101 Apr. 100***,June MUNICIPAL'S F Ext sees f 7s A 1957 1957 1957 2d series trustr ects 25.000 Extl sec 8 17s 3d series 21,000 .1958 188,000 Antwerp (City) extl loan 5a 226,000 Argentine Govt public works 6s.1960 654,000 Argentine Nation (Govt) a f 6s..1959 Extl s 1 g 6s of Oct 1925 1959 278,000 Sinking fund gold 6s ser A....1957 549,000 External 1st s f 6s ser B 1958 225,000 Extl a f 6s of May 1926 _196Q 281,000 External a f 6s (State Ry)_... 1960 309,000 Extl a t 6s (Sanitary Works) 1961 309,000 Public Works ext s f g 6s..May 1961 360,000 Public Works ext a f 5 Ha... 1962 194.000 cOash sale. Sale Sale Sale Sale Sale Sale Sale 44 Sale Sale Sale A O 91 % J D Sale A O Sale M S Sale D Sale J M N 91% 67% Sale 68 Sale 96% Sale 63 Sale 61M Sale 63% Sale 62 Sale 54 H 54 53 H 101 85 86 H 84 H 85% 85 H 85 M S Sale 85 H A Sale 85 M N Sale 85 F M S Sale 77 % 78 J F 44,000 Argentine (Rep) 5s of 1909......1945 J July 15 1955 589.000 Australia 5s of 1925 External loan 5s of 1927 ..1957 M 395,000 M External g 4Mb of 1928....... 410,000 .......1943 J 315,000 Austrian Govt s f 7s International s f 7s 931,000 97,000 Bavaria (FreeState) extl 6Ha #19,000 Belgium 25 year external 6Ma 2 103***,May 21 19 103*,, Jan. 19 26 103***,May 20 1 1 10210*,June 1 103***,May 20 23 101 «*,July 22 100% Jan. A 86 Sale 69 % S Sale 68 % N Sale 63 H D Sale 106% 1957 J J Sale 1945 F A 82 87 % 77 H 1949 M S Sale 92% Apr. 100% Apr. 99 % Jan. 102 May 107% Jan. 109 May 100% Apr. 100% Apr. 100% Mar. 10 10 13 23 27 18 10 10 28 110% 110% 1947 120,000 Agric Mtge Bank a f 6s... A O Sinking fund 6s A Apr 15 1948 108,000 M N 1963 85.000 Akershus (Dept) extl 5s J J 1945 74,000 Antioquia (Dept of) Col 7a A External s f 7s aer B... 1945 80,000 External a f 7s ser G ...1945 35,000 External a 17s ser D 1945 47,000 29.000 3 107***,May 20 104'** Feb. 112 FOREIGN GOVT, tc 19 19 105»»,iFcb. 92% Apr. 100% Apr. 99% Jan. 102 May 106% Feb. 107% Jan. 100% Apr. 100 Jan. 101 4% Corporate stock 1957 4H% Corporate stock.___.May 1957 4H* Corporate stock......Nov 1957 4% Corporate stock May QM Nov. 1954 registered 3 29 103*«»*Jan. 102*»i Feb. 3 103»*,,May 12 Jan. 2 102 Jan. 2 102 103**1 Jan. 8 M I 106lt*jSale *"»"*,Sale" 102 1 2 102 **3* June 101*°*, July 112*** May J 1940-43 3 Ha registered 10421siJuly J ... 15 10 102 10 4 2*32Sale SECURITIES City—3Ha 103*31 July 102 July 104203iSale —1941 1942 1946-1949 1961 1,273,000 Treasury 3 Ha 103*si July Sale Prices. 26 102*»„May 20 101i«**Mar. 4 102****July 13 30 1031*3,July 28 103**1 July 10423s,Sale ...1943-1947 Treasury 3^s.. 1037s, Sale Sale Prices. 18 13 14 103»*,Sale 194C-1956 Registered.......... 354 June Registered .... 10313s,Sale 1. Highest. 29 102 223iJuly 17 102»3iJuly 14 101**»,July 1031*nSale 1944-1954 Treasury 3Ms 4s 102",,July A 1947-1952 Treasury 4 Ha 4s 102i*3»July JAN. SINCE Lowest. 100l0*,Feb. A Registered 581:666 Sale Prices. July 3 105 30 1042*siJuly Registered. ....... ...... 232:660 Sale Prices. 1042*32Sale Registered Conversion 3s coupon..... 1,679:666 102**3,Sale 102" Sale" 1932-1947 First Second 4%s Fourth Liberty Loan- 292:666 102*7,,SaIe 1932-1947 Registered 187,000 10216*jSale Highest. 1932-1947 First 4 Hs 2,425,000 Ask. Ask. Bid. Lowest. l012032July Registered...... 13,000 1,000 Bid. ....... First 4s 353:000 Ask. 101*«„Sale 1932-1947 First 3 Ha 591.000 14,000 1,000 July 31. July 1. 1931. Bid. GOVERNMENT First Liberty Loan— U S RANGE PRICES IN JULY. Price Jan. 2 P EXCHANGE. and last page of stocks. 108 % Sale 52 H Sale 54 Sale 95% Sale 51% Sale 51% 52 51% 56 51% 52 40 Sale 45 Sale Sale 37% Sale 102 Sale 101 Sale 74 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 73 Sale 73 Sale 73 Sale 73 H 74 Sale 80 Sale Sale Sale Sale Sale Sale Sale 78 73 H 73 74 Sale 66 % 75 Sale Sale Sale Sale 61% Sale 61% Sale 55 Sale 105 Sale 63 Sale 60 Sale 106% Sale 3 15 69% July 3 July 15 72 1 25 96% July 2 69 July 31 2 15 62 % July 1 28 63 % July 1 28 62 % July 1 31 54 Vs July 6 July 23 8 July 31 C55 2 July 14 102 6 25 90 % July 7 27 91% July 3 90 H July 27 6 27 90% July 3 July 25 90 3 25 90H July 3 25 89 % July 6 27 90% July 3 July 25 90 6 83 July 27 3 80 July 75 July 23 6 July 59 July 27 71 7 July 27 70 H July 7 July 30 65% July 24 July 105 July 16 107 % 1 July 61H July 30 3 July 80 56 July 24 6 105 % July 30 109% July July July 94 £ July 51 July 51 July 52 July July 40 July 43 July 37 % July 96% July 69% July 69 July 70 July 69 % July 69 % July 70 July 69% July 69% July 70% July 62 July 51 51 11* §8^ Jan. 45 May 45 May 94% Jan. 43 May 43 May 43 May 8 112 75 68 96% Feb. 67 May 58 May 104 37 37 62 62 62 66 65 May May May May May 66 H May 65 May 60 69 May May 52% June 52 June 48 H June 103H Jan. 61H July 56 July 105% July Mar. 18 c69% Mar. 20 68 35 8 73 % Mar. 11 97 Mar. 11 69 Mar. 11 May June May June 43 Jan. Mar. 12 Mar. 11 66% Mar. 67 65 9 Mar. 9 Mar. 10 June 23 Mar. 19 Mar. 18 Mar. 18 Mar. 18 Mar. 18 Mar. 19 Mar. 18 Mar. 18 98% Mar. 18 92 Mar. 20 8 88 Apr. 5 76 Jan. 5 75 Jan. 3 69% Jan. cl 08% June 30 97% Mar. 9 87% Feb. 18 6 Ill May 98% 98% 98% 98% 98% 98% 98% 98% Sales in Value. 665,000 545,000 .870,000 83,000 59,000 110,000 252,000 64,000 45,000 75,000 91,000 274,000 326,000 710,000 849,000 151,000 19,000 159,000 40,000 27,000 20,000 281,000 22,000 ~2~666 454,000 f 7a. Stabilisation loan 7a..........1956 External a a f 5a Bogota (City) ext g 8a ...—.1945 Bolivia (Republic of) a f 8a .....1947 External sec 1969 342,000 581,000 31,000 28,000 37,000 306,000 225,000 58,000 31,000 70,000 68,000 41,000 27,000 72,000 221,000 323,000 Sale 1072a Sale Sale 99 9534 7034 Sale Sale 66 77 Sale Sale 5134 4634 Sale Sale Sale Sale 65 Sale 30 Sale Sale 2434 Sale 1724 Sale 30 Sale Sale Sal^ Sale Sale Sale Sale Sale 55 Sale 50 Sale Sale Sale Sink fd 7H« (coffee tec)flat 1952 Bremen ext g 7a trust recta..1935 Brisbane (City) a f 5a 1957 Sinking fund gold 5a 1958 99H 102H 10134 88 90 Sale 66 Sale 62 Sale Sale 74 Sale Sale 7134 Sale f 6a 1963..1955 64 Sale Buenos Aires (City) extl 6Ha... 1955 External s f g 6s aerlea C-3 1960 External a f 6s series C-2 .I960 Buenos Aires (Prov) ref. ext'laf 6a 1961 77 85 90 1967 1968 72 Sale Caldas Dept of (Colombia) 7H«~1946 Canada (Dom) Gold 4s..........1960 60 Sale 1952 104"" Sale" 1936 100** Carlsbad (City) a f 8a 1954 Cauca Vail (Rep of Col)a f g 7H»1946 Cent Agric Bank (Ger) 7a 1950 106 62 34 30-year gold 5a Farm Loan a f 6a Farm loan a f 6s ...... Farm loan 6a aerlea A f g 6s int rets External a 95 Sale Sale Sale Sale Sale Sale Sale 38 38 Sale 36* 73 Sale Sale Sale Sale Sale 70 Sale 6624 76 Sale Sale P 24 2134 9924 74 103 Sale 1961 5734 Sale 1961 5634 Sale 6234 97J4 Sale 9334 40 5734 Sale Sale Sale 51 69 Sale Sale 73 Sale Sale 7324 68 34 97 98 H 98 9924 97 H 72 1953 External a f 6Ha— 177,000 1959 294,000 Czechoslovak (Rep of) exit 8a...1951 Sink fd 8s ser B._ 181,000 1952 341.000 Denmark 20-yr external gold 6a .1942 J External g 5Ha 220.000 1955 J Sale Sale 104 34 10024 Sale Sale 10634 34 9824 9724 100 87 8734 89 84 101 Sale 101 Sale 10234 Sale 49 .1967 32,000 Finland (Rep of) external 6a....1945 External ainking fund 7a 99,000 1950 86 34 94 88 1956 92 89 9634 7424 9234 Sale 92 58 Sale 58 Sale 87 Sale Sale Sale Sale 10124 8734 87 70 101 10134 10134 10124 95 Sale Sale 9234 Sale Sale 88 81 84 79 Sale 7434 Sale Sale Sale Sale 6934 Sale 101 89 7934 7634 69 Sale 9634 Sale 10534 Sale Sale Sale Sale 79 J D M N 104 Sale MN 99 Sale F A 8234 Sale 9434 Sale ®T" 80 82 72 8134 8234 S f 7Ha series B..............1961 15,000 60,000 Hungary (King of) a f 7 Ha 1944 129,000 1,247,000 fc 67,000 1 85,000 308,000 853,000 729,000 80,000 22,000 t.9,000 225,000 231,000 38,000 e Irish Free State external 5a Italy (Kingdom) external a 98 1960 93 s f g 7s Cash sale, e 8634 100 Sale 95 Sale 78 * Sale 103 Sale 92 Sale 1957 A O F A J D MN MN J D On the basis of 15 to the £ sterling, 84 Sale 84 9224 a f 6 Ha.......1954 Extl sinking fund 5Hs_. ...1965 Jugoslavia (State Mtge Bank)— Secured 8134 84 Japanese Govt ext Leipzig (City) external a f g 7a..1947 (Prov)sec a f g 7Ha_1950 Lyons (City of) 15-year 6s.......1934 Marseilles (City) 15-ycnr 6a.....1934 Medellln (Colombia) 6Ha 1954 Mexican Irrlg Assenting a f 4Hs 1943 86 Sale 10134 Sale f 7a_ 1951 Italian Cred Consortium 7s ser A 1937 External sec a f 7a aerlea B 1947 Italian Public Utility a f g 7s 1952 Low Austria 9124 e9934 10034 7134 Sale 9934 Sale 9534 97 10834 Sale 5634 82 24 81 10624 e93 24 9424 eS734 e99*4 100 e9934 103 79 50 65 8834 8534 81 78 81 8034 9834 10734 9934 9824 9534 9234 10624 9734 77 78 85 89 40 Sale 45 s Option sale* 104 9724 82 24 75 99 3734 105 9934 Sale 8334 Sale 8834 91 7624 Sale Sale 10334 Sale 10334 Sale July July July July July July July July July Sale 8034 81 8434 Sale 7124 7334 "52"" 5534 12534 Sale 12424 Sale 118 Sale 11934 Sale ......... e91 48 July 10634 July 10724 July July July July July July 89 87 July Sale 87 July Sale 65 July Sale 101 July Sale 101 July 10134 July 10124 10134 July Sale 95 July 4934 45 July Sale 79 July July July July July July July July July July July July July July July July Sale 104 10634 105 9934 Sale 10034 Sale Sale 94*1 9534 Sale Sale 85 Sale 8434 9034 9034 86 8624 84 12534 Sale MN Sale Sale Sale Sale 1954 ... 59 45 Sale 120 Sale Sale 7634 9224 44 64 64 60 88 91 1954 101 55 55 97 85 Sale 59 1958 1953 10124 10124 10124 10134 54 5134 93 5724 Sale 5334 10634 Sale 10734 10624 10834 108 47 H 10924 10924 1942 553,000 French Republic 20-yr extl 734a..1941 External a f 7a of 1924 311,000 1949 German Gov't International— 8,595,000 35-year 5Ha of 1930 .......1965 3,627.000 German Republic extl 7a 1949 *• 15,000 Graz (Municipality) 8a.........1954 1,420,000 Grt Brit & Ire., 20-year 5Ha 1937 6,000 Registered 11,000 4% fund £ op 1960 (*5=£1) 1990 57,000 5% War Loan £op 1929 ($5=£1)1947 24,000 Greater Prague (City) 7Ha...._ 1952 242,000 Greek Govt a f sec 7a 1964 172,000 Sinking fund secured 6s......1968 54,000 Haiti (Rep. of) Cust a f 6s_. ....1952 37,000 Hamburg (State) 6a............1946 4,000 Heidelberg (City) extl a f 7H« 1950 109,000 Helaingfors (City) ext 6Hs 1960 35,000 Hungarian Mun Loan 7H»——1945 External a f 7a 17,000 Sept 11941 19,000 Hungarian Land Mtge 7Ha A 1961 9434 54 Sale Sale 1932 30-yr external gold 5Ha..Mar 1953 30-yr external gold 5H«—Nov 1953 39,000 33,000 El Salvador (Rep) lat a f 8a 1948 External sinking fund 109,000 6H* Extl sinking fund 5Ha 169,000 24,000 Finnish mun loan 6 Ha A External 6Ha Ser B 30.000 63,000 Frankfort (City of) • f 634* 64 9624 9634 Sate 1962 15,000 ... ..... Sale lat sec 5 Ha of 1926 63,000 1940 3d series sinking fund 65,000 5Ha 1940 34,000 Dresden (City) extl a f 7a .1945 63,000 Dutch East Ind 25-yr extl 6s 1947 40-yr external sink fd gold 6a .1962 163.000 57,000 Estonia (Republic) 7a 5524 Sale 53 652 Sale Sale 45 9934 9334 4234 79 Public Works 5H«—-June 30 1945 Cundinamarca (Dept Colombia) . 38 Sale Sale 35H 4134 4024 79 66 1949 Gold 4Hs_. 1,174.000 Deutsche Bank Am part ctfa 6a 74,000 Dominican Republics f5Ha._. 47 36 35 Sale 70 76 26 24 Sale 100 101 1949 52 7534 74H Sale 1957 821.000 58 Sale Sale Sale Sale Cordoba (Prov) Argen 7a .1942 Coata Rica (Republic) extl 7s.^l951 Cuba (Rep of) 5s of 1904 -.1944 5s ext debt Ser A of 1914 53 5034 5424 Nov 151937 4 Ha extl loan Series C 30-year a f 5 Ha Sale Sale Sale 1947 f 7a. 54 54 49 Sale ..1953 a f 7a 34 Sale 6834 79 . 77 Sale 1960 Sinking fund 7a of 1926 1946 Sinking fund 7a of 1927 ...1947 Copenhagen external 5a........1952 Gold 4Ha Int ctfa Cordoba (City) external 1. 8* e6!* Sale Sale Sale Sale 1960 Chilian Munlc Loan 7s .........I960 a JAN. Sale 91 Sale 55 July 7924 July 94 July Sale 10624 July 10624 July 8834 e88 July Sale e9924 July July 10534 103 Sale 97 July Sale 7934 July Sale 90 July Sale 89 70 31 31 16 27 20 7234 July July July 66 July July July July July 7034 July 80 July 23 31 29 10 3 9 31 31 July 9434 July 9634 July 81 July 95 July 69 July 15 10634 July 25 10134 July 15 99 July 89 14 89 89 15 87 6 10124 14 10234 16 10124 30 10234 31 10124 29 6134 24 7634 July 15 10024 July 97 July 15 10824 July 13 30 15 30 13 27 25 11 ^ 23 ~ 10534 10534 Sale 5234 Sale 7024 Sale 6534 Sale 93 l04"" Sale 104 Sale 4534 434 50 8 79 6924 July July July 10324 July 10324 July 45 July 65 90 July July July July July July 4824 Feb. June Jan. July May May May May May Jan. July May June May 55 89 June July 96 Mar. 73 June 3 9 3 6 7 6 1 7 May 23 7 10934 Mar. 23 7734 Mar. 16 29 15 95 84 27 28 8324 31 8924 28 100 17 86 17 86 30' 86 17 87 31 86 31 86 17 88 29 90 30 85 28 85 31 86 H Apr. 13 Apr. 10 Apr. 11 Apr. 11 Feb. 25 Mar. 18 Mar. 18 Mar. 18 Mar. 18 Mar. 18 Mar. 17 Mar. 14 Mar. 23 Mar. 19 Mar. 20 Mar. 19 5 23 10324 May 28 28 8934 Mar. 14 4 28 Jan. 21 78 Mar. 10 22 78 Mar. 10 28 73 Mar. 13 Mar. 13 26 83 26 7634 Mar. 20 8 101 29 22 Mar. 17 9924 June 22 75 92 Mar. 10 Apr. Apr. 9 4 P Feb. 11 98 Jan. 6 100 Feb. 14 6 12 23 2 10 11 8724 Feb. 25 99 Jan. 5 81 Jan. 7 45 6934 Mar. 11 May 22 10724 July 7 1 1 10 10 10 3 6 30 Mar. 20 97 3 9034 June 5224 June 13 105 3 1 9 76 2 10834 Mar. 26 2 10324 June 24 May July July July July July July July July July July July July July July July July 8 22 11 8 10624 July 30 94 24 July 7 0034 July 14 105 July 6 cl0324 July 10 8724 July 10 9234 July 24 7 8134 July 6 88 July 8834 July 10 7 8124 July 31 79 14 8534 93 13 16 106 16 106 24 56 40 May 22 Apr. 20 Jan. Jan. 22 1 July 8 July 22 July 1 July 7 July 13 July 21 July 1 July 17 July 13 July 7 31 8734 July 22 9234 July July 16 88 July 31 82 July 29 86 July 17 86 15 73 34 July 21 12534 July 14 12034 July 50 9634 9224 60 9724 July 28 24 50 7 9 9 8 " 71 15 61 July 1 10834 July July 27 109 16 4134 4834 If1 i6o!* 29 20 8* 16 42 1 July 90 6934 8234 July 15 Sale 8234 July 25 8224 Sale Sale 5724 5724 July 29 Sale 7 '5634' Sale 5634 July 31 7834 July 60 8 60 8434 July July 60 82 60 Sale 1 7434 July 16 8034 July Sale 2 77 77 9834 July 31 9834 July 2 108 July 23 10734 July 10334 Sale 102 Sale 7 9734 July 15 10024 July 9834 Sale Sale 99 99 98 8 9534 July 13 July Sale Sale 8924 July 15 9534 July 10 8A* Sale Sale 89 89 July 29 9324 July .>'7 Sale Sale 1 10724 July 107 7 106 *4 July Sale 1 8 Sale 98 9624 July 9834 July Sale Sale 93 Highest. Sale Prices. Prices. Sale Prices. Sale Prices. ; July 30 10434 July 10 10034 July 30 105 Apr. 30 109 July 30 115 July July 30 11634 May 13 Feb. 20 July 31 10934 July 10534 July 31 111 95 Jan. 26 100 July July ~ 100 May 6 July July 28 100 94H Jan. 13 100 July 2 Mar. 20 July 28 7724 July 50, July 28 91 43 Mar. 21 July 27 6924 July July 27 s84 54 July 27 7934 July Mar. 25 May 23 92 15 June 65 Jan. 30 July 30 35 July 3 Jan. 14 July July 31 34 1224 May 22 38 July 31 2624 July 1134 May 21 3854 Jan. 16 July 16 10634 July 10324 Jan. 3 10634 July 6 49 92 June Jan. 23 3 July 25 July 33 July 15 July May 28 7034 Mar. 6 32 June 70 4 Mar. 6 July 15 July 36 June 2 July 28 July 3 7634 Jan. 28 cllO 99 June 2 cllO July July 15 July 15 62 June 25 July 25 9324 July 3 9934 Mar. 24 July 28 62 July 1 3924 May 21 7234 Jan. 3 Jan. 3 July 28 62 July 1 3934 May 13 69 1 July 30 7024 July 11 4424 May 27 83 Jan. 9 2l 4634 July 24 78 Mar. July 24 7034 July 6 64 July 28 8534 July May 26 95 Apr. 8 70 June 96 5 Apr. 22 74 69 June 93 July 24 77 5 July Apr. 15 47 47 Mar. 18 July 23 c69 July July 23 83 Mar. 18 4834 July 31 6734 July 4834 July 31 85 53 53 July 25 66 July 9 July 25 77 Apr. 4 60 60 July 23 79 July ~ Mar. 16 July 23 85 57 40 July 31 71 July 95 94 34 July 22 9534 July 2 10734 July 10 103 10524 July 2 103 34 .July 100 10234 July 103 7 10724 July July 1063 Sale 52 44 July 31 70 July Sale 60 60 July 15 8734 July Sale 46 46 July 27 July Sale 4624 July 28 76 July 4624 Sale 5434 July 31 8424 July 52 47 July 28 8434 July Sale 35 35 July 17 61 July Sale 35 35 July 17 62 July 3834 3734 July 30 6134 July Sale 35 July 17 6024 July Sale 3634 July 31 62 July 36* Sale 34 July 31 July Sale 40 40 July 17 63 July Sale 4034 July 29 66 4034 July Sale 33 34 July 30 5934 July 333 Sale 33 3324 July 28 59 July Sale 38 38 July 31 60 July Sale 2034 July 17 2134 July 31 1424 100 100 100 July 17 10224 July Sale 5324 July 28 77 5324 July 3 69 Chinese Hukuang Ry 5s 1951 Christlania (City) (Oslo)30-yr 6a-1954 Cologne (Germany) a f 6H> 1950 Ext SINCE Lowest. Highest. Sale Sale Guaranteed a f gold 6s ..1961 Guaranteed sinking fund 6a..1962 Colombia Mtge Bank 6 Ha 57 9534 Sale 9524 10634 Sale 10634 10224 Sale 10724 Sale External alnk fund gold 6s 1961 Ry ref extl a f g 6s ...1961 Extl a f 6« Int ctfa ..........1961 Extl sinking fund 6a 1962 f 6s 4724 Sale 4834 Sale 54 5634 6824 Sale Sale ..1938 a Sale Sale 85 80 79 68 Chile Republic ext a f g 7a......1942 External sinking fund g 6a... 1960 Colombia (Rep) external Sale 64 79 58 70 74 74 6534 Sale 45 50 Sale 69 Sale Sale 4634 Sale 92 85 1961 Sale .0434 Sale 6434 Sale 52 34 Sale 5234 Sale 4734 52 0234 10334 68 50 42 100 6334 Sale 6334 Sale 6634 Sale Sale 16 Sale 72 56 24 1950 Ask. Sale Sale Sale Sale Sale L0334 a Hd. Sale Bordeaux (City of) 15-year 6a...1934 20-year a f 6a... Budapest (City) exit Lowest. July 31. .0024 .0934 .0534 9934 Braxil (U S of) external 8a......1941 Ext a f g 6H« of 1926 1957 Extl a f 6Ha of 1927 1957 Cent Ry 30-year g 7a 1952 External sinking fund 6a w 1...1963 324,000 Chile Mtge Bank of gu a f t H* ..1957. 210,000 Sinking fund gold 6He guar.. 1961 548,000 264,000 113,000 5,000 44,000 81,000 Sale Sale 44 gold 7a..........1958 Extl alnk fund 7a Ask. Ask. Sale 111*1 95 Berlin (Germany) a f tH*— 1950 External sinking fund 6a......1958 I 102 34 94*2 f 5a.Oct 151949 .......I960 External a f 6 Ha 215,000 31,000 Bulgaria (Kingdom of a f g 7s Stab loan 7 Hs int ret 58,000 206,000 626,000 226,000 239,000 27,000 36,000 364,000 410,000 789,000 365,000 138,000 418,000 377,000 277.000 648,000 233,000 359,000 3id. 1955 Bergen (Norway) ext July1. 1931. Foreign Government (Continued) Belgium (Concl) External a f 6a.. 1955 a RANGE Jan. 2 7. STOCK EXCHANGE. External PRICES IN JULY. Price ".i" BONDS M. July 17 EXCHANGE—BONDS N. Y. STOCK June 27 111 104 July 9934 July 93*4 Jan. 8434 July Feb. 6 27 11024 Feb. 2 15 10734 Feb. 15 102 86 June 85 84 J an. 91 Jan. 94 65 96 July 96 100341May 101 10234 102*4 10334 10224 Jan. 10024 Jan. 10024 Jan. 95 July 45 July 6 21 Mar. 10 June 5 Apr. 17 Mar. 26 Feb. 17 Feb. 6 72 May 29 May 11 Apr. 9 Mar. 18 97 Mar. 11 99 Mar. 20 107 7934 July 8434 July 78 July 7124 June 96 Mar. 20 8824 Mar. 20 78 June 7734 June 45 Jan. 10034 June 18 10034 Mar. 10 July 94 Mar. 23 !§** Mar. 20 Mar. 17 87 Mar. 10127 Feb. 15 Mar. 12 12134 Feb. 14 124 117 55 Mar. 11 July 24 84 7924 July 15 10534 Mar. <1 93*4 June 13 101 34 Feb. 9 105 Jan. 2i 108*4 July 8 106*4 July 30 107 June 3 c8534 Feb. 20 94*4 May 21 e9824 Feb. 25 10134 Apr. 29 103 Apr. 8 106 Feb. 6 9534 June 16 cl03*4July 10 7934 July 25 79 May 27 7834 June 18 P 8834 Feb. 26 97 Mar. 20 92 Mar. 21 June 13 9834 Mar.30 Jan. 9134 Mar. 21 5 5724 July 29 9434 5634 July 31 8734 60 July 29 95 7434 July 16 9434 77 July 31 102 10134 Jan. 10734 ■ 9234 Jan. 92*4 June 85 Jan. 78 Jan. 102*4 Jan, 9124 Jan. 6924 July 31 Mar. 13 Mar. 17 Mar. 18 Apr. 4 Feb. 2 July 2 clOl May 6 100 June 20 98 Mar. 31 97 May 7 107*4 July 9834 July 7 8 8534 May 2 14 95 Mar. 11 June 24 100 34 May 15 10324 Jan. 3 10634 May 26 65 July 89 10324 July 40 7 Jan. 16 10734 Apr. 2 May 15 75 1 Mar. 19 824 Jan. 15 181 EXCHANGE-BONDS N. Y. STOCK ■* July'"1 N. 7. Value. Jan. 2 STOCK EXCHANGE. S) external 5a of 1899£ 1945 Assenting 5s of 1899..........1945 Assenting 5s large................ Assenting 4s of 1904..........1954 Assenting 4s of 1910............... Assenting 4s of 1910 large..... Assenting 4s of 910 small Treas 4s of 1913 assent (large) 1933 Mexico (U V*5"O66 1,000 15,000 10,000 22,000 Small.. ............. 51,000 482,000 Milan City (Italy) ext loan 6H'-1952 Mlnas Geraes (State) Braxll.— External sinking fund 6H8....1958 112,000 Ext sec 6^8 series A 1959 77,000 Montevideo (City) s f g 7s 1952 18,000 94,000 221,000 250,000 28,000 131,000 f 7s of 1926 s Extl s f 7s munic loan 65* .... J J J J A O 14,000 49,000 208,000 115,000 186,000 188,000 192,000 263,000 External s 1 5s Mar 15 1963 597,000 Municipal Bank extl s f 5s....1967 60,000 Municipal Bank ext s f 5s 1970 41,000 1952 122,000 Nuremberg (City) external 6s 1955 103,000 Oslo (City) 30 year a f 6s Sinking fund gold 5)4* 1946 76,000 1953 71,000 Panama (Rep) external 6H* Extl 8 f 5s ser A May 15 1963 148,000 89,000 Pernambuco (State) ext sec 7a..l947 1959 107,000 Peru (Rep) Sec a f g 7s National loan ext S f 6s 1960 225,000 S F 68 int ctfs w 1 .....1961 135,000 1940 129,000 Poland (Rep of) g 6s Stabllix loan 7s of '27. Oct 15 1947 654,000 External a f 8s 1950 359,000 1961 9,000 Porto Alegre (City of) 8s External guar sink fund 7H*—1966 59,000 Prussia (Free State) ext a f 6H—1951 268,000 S f gold 6s 1952 465,000 83,000 Queensland (State of) ext s f 7s..1941 25-year extl s f 6s Feb 15 1947 50,000 79,000 Rhine-Main-Danube deb 7s ser A 1950 48,000 Rio Grande do Sul (State) ext 8s.l946 Ext s f g 6s 1968 284,000 Ext 75* 115* Sale 765* Sale 45 74 76 Sale Sale Sale Sale Sale Sale Sale Sale 100 5* 100 y 66 5< Sale 100 Sale Sale Sale Sale Sale Sale Sale Sale Sale 655* 55 Sale Sale Sale Sale 91X Sale Sale 1966 1967 Sale 46 5* Sale .....1968 Sale ..1940 .1942 Sale Rome (City) Extl s f 69 Int ret8 Sec s f g 7s Int rets w 1 Sante Fe Prov (Arg Sale 75 865* Sale Sale Sale Sale 232,000 Sale Prices. Sale Prices. Sale Prices. "85* July 2 "85* July"2 July 25 July July 30 July 14 July 14 July 10 Sale 525* 405* Sale Sale Sale IV Sale 49 Sale Sale 79 Sale 57 695* 1075* 105 89 Sale 1055* Sale Sale 895* 58 "99j* 89 885* Sale 70 Sale 95 Sale Sale Sale 695* 99 883* 603* 1005* 70 61 423* 57 1033* 733* 723* 65 July 103 105 July 1053* 1065* 1043* July 57 53 54 July Sale Sale 935* July 81 J* July 835* 845* Sale 96 Sale July Sale 53 July 615* 100 97 995* 965* July Sale 94 94 101 July Sale 833* July 833* Sale Sale 76 703* July 733* Sale 51 Sale July 53 51 Sale July Sale 97 July 1005* 97 Sale 74 Sale 78 July 45 Sale July 495* Sale 99 Sale 100 1003* July 105 Sale 96 Sale Sale 71 945* 835* Sale 63 425* Sale 50 l06 58 51 70 104 Sale pg 15 Ala Gt Sou 1st cons 5a ser A—....1943 First cons 4s series B 1943 Albany & Susq 1st guar 35*8. ...1946 Allegh 8t West 1st g gu 4a 1998 Alleg Valley gen gu 4s ...1942 12,000 9 000 j 10666 28 000 Registered 606 2 000 4 000 70 000 96 15 27 1 15 20 31 31 111 24 30 30 31 31 15 14 95 94 L13 Conv deb gold 45*a__...._. 1948 Koclcy Mt dlv 1st 4s A 1965 Trans-Cont Short Line 1st 4s gl958 Cal-Arizlst8cref45*a ser A...1962 Atl Knox 8c No let g 94 96 Atl Be Char Air Line 1st 45*s A..1944 3'000 1st 30-year 5s ser B_. 1944 Atlantic City 1st con guar g 4s. . .1951 126 666 Atl Coast L 1st cons 4s July 1952 8 000 , _ LOO '985* 1665* 35 000 Ohio 1st g 4s... Registered 807,666 Convert 4 5* s 520 000 1,000 Refund at gen 5s ser A 73,060 227.600 140,000 150!006 38,000 2173)06 !66o 2 i000 703 18 060 July 1948 1933 Registered Registered 1st gold 5s 1995 July 1948 Ref and gen 6s, series C_... 1995 PLE at W Va Sysref g4s__. 1941 Southw Dlv 1st 35** at 5% 1950 TolCin Div 1st at ref 4s 1959 Refunding 5s series D 2000 Conv g 45*s temp 1960 Bangor at Aroostook RR 1st g 5s '43 Con ref mtge gold 4s. .........1951 tOaab aale. 47 Sale 56 65 Sale 89 104 000 ______ Si** 78 995* Sale 943* 893* 903* 983* 1065* 1045* July 945* July July "915* 90 895* July 166" 99 July 60 965* 913* 945* 953* Sale 965* 975* 395* J 100 96 5* Sale 1661* Sale Sale 955* 965* Sale 965* 965* 945* 96 102 Sale 96 45 1035* Mar. 395* May 40 May 100 July 100 July 100 July 1005* July 985* July 97 July 1005* Jan. 485* July 995* July 995* Jan. 1005* Jan. 75 May 165* June Sale Sale 100 100 Sale 1005* Sale 995* July 995* July 106 July 1065* July Sale Sale 106 Sale Sale 107 Sale >2 >3 >25* 155* 87 Jan. 26 65 Jan. 26 92 Apr. 6 27 935* Mar. 20 6 1045* June 2 67 2 61 June 15 May 21 Jan. Jan. 23 29 405* Jan. 9 9 1 165* June 2 635* Jan. 17 63 July 68 July 16 40 Jan. 73 83 90 June 29 Mar. 14 June 4 80 Mar. 11 215* May 50 July 45 July 69 May 505* Apr. 695* July 29 71 Mar. 12 15 15 875* Mar. 11 83 Apr. 10 28 6 97 975* Sale 103 5* 1025* 103 5* 103 103 83 83 855* 845* 85 99] 995* Sale 1003* Sale Sale 87 85] 913* Sale 103 5* 1035* 105 1043* 105 Sale 92 905* 903* Sale July Jan. 14 875* Feb. 3 985* Apr. 22 885* Mar. 20 99 May 21 215* May 25 3 May 29 May 28 27 55>* Mar. 21 June 22 May 28 78 Jan. 103 Jan. 64 875* Mar. 20 915* Mar. 19 715* June 5 106 12 83 66 July 27 89 1 395* June 255* May 21 93 38 May 27 93 25 June July July July July July July July _ July July July July 65 June 61 May Jan. 6 25 1 103 6 1035* 40 10 8 935* 11 775* 7 885* 405* 8 13 965* 94 3 9 835* 70 3 49 3 51 3 16 935* 74 1 45 7 95 6 cl085* Apr. 13 955* Mar. 31 July 23 106 May 29 107 May 20 76 95 19 84 8 11 7 76 Mar. 10 2 Jan. May July July July May May July Jan. July July 25 20 1005* May 20 31 cl04 May 15 31 915* Feb. 10 28 28 6 7 8 Jan. 2 6 9 6 1015* July July July May Apr. July 111 10 16 24 23 122 98 Feb. 24 100 June 13 June 19 106 May 15 1035* 995* 1045* 945* Jan. 98 May 14 5 Feb. 7 Jan. 27 May 8 Jan. 99 May 15 975* June 24 1 1015* Feb. 25 Jan. 13 925* Apr. 29 98 29 4 30 885* Apr. 3 1005* May Feb. 89 31 Mar. 15 70 Jan. 20 14 102 925* Mar. 18 865* June 52 Feb. 24 40 May Feb. 11 30 Apr. 25 40 75 Apr. 2 605* July 1045* May 12 1015* Jan. 99 96 31 Feb. 885* Apr. 22 104 805* Jan. 29 May 23 99 May 6 7 c995* July 985* May 26 945* May 23 8 975* July 98 July 8 945* Apr. 21 17 1 5 July 5* July 975* July 15 Jan. 101 17 8 7 2 Jan. July " July 28 91 July 24 495* July 24 39 July 15 69 July 27 Feb. Jan. 100 July 10 Mar. 28 845* Mar. 14 765* Jan. 28 585* Mar. 12 1055* 945* 92 5* 905* 31 1015* July 31 Feb. 18 Mar. 11 Mar. 24 645* Mar. 12 2 725* July 103 25 31 4 Mar. 3 88 Mar. 18 2 90 Mar. 11 July 31 93 5* Mar. 6 49 July 31 86M Mar. 21 Mar. 23 645* July 23 98 51 July 15 c935* Apr. 7 Mar. 18 1065* July 23 108 Mar. 10 July 31 93 70 61 July 30 845* Feb. 10 425* July 31 695* Mar. 9 Apr. 13 57 July 20 80 975* July 1 Mar. 18 68 2 255* May 29 205* May 26 16 1005* June 975* Apr. July 11 995* July " 995* July June 1045* July 1075* 1055* June 1095* July 955* Jan. 98 July July 29 1005* Apr. cl05 Jan. 83 865* July 30 99 Apr. 2 1015* July 855* July 6 915* July Jan. 105 July 27 103 865* Jan. 925* .Tiilv 3f> 27 101 9 Mar. 23 Jan. 65 3 44 14 99 20 29 35 995* July 1035* July 23 Feb. 25 1165* July * 975* July 995* July 1045* July 15 11 3 1025* Apr. 19 975* July 98 July 2 June 1025* June 20 25 98 108 97 [4 975* July 100 107 Sale Sale Sale Sale Mar. 17 65 3 103 Mar. 18 25 835* Mar. 17 15 1045* May 22 1005* July 24 99 July 11 c995* July 7 975* July 11 605* July Sale 98 Sale Sale >55* Sale >3 17 July 11 945* July 10 90 July 28 25 905* July 30 15 100 July 23 995* July 88 July 44 July 39 July 985* 955* 1005* Sale 91 15 102 10 July July 31 23 12 5 13 3 19 4 6 845* Apr. 7 cl065*May 14 28 695* Jan. 5 29 685* Jan. 5 15 cl085*May 29 16 1075* June 5 16 103 Apr. 20 30 103J* May 22 May 29 May 29 50 10 1055* July 985* July 955* July 96 July 97 >6~5* 1085* >75* 2 235* May 29 235* May 29 14 9 15 July 845* July July 81* 60 July 99 July 1005* July 895* July 915* July July liH 70 July 100 July 885* July 62 July 1015* July 99 97 1005* 1005* 1005* 101 895* Sale 885* Sale Sale 44 485* Sale 41 39 40 365* 69 Sale 623* Sale 105 1025* 1045* 1025* 993* 8 June 28 Sale 114 114 July 1153* Sale 98 975* 975* July 945* 973* 985* July 983* 1005* 995* Sale 1045* July 1045* 1053* 105 1025* 1025* 98" "July" 995* 98 -995* 98. Sale 1035* 1045* 103 July 855* 96 5* July 965* "§75* 975* Sale 955* June 72 1003* 98 115* Jan. 10 Apr. 115* Mar. 10 5* Jan. 95* Jan. 135* Jan. 13 5* Jan. July 30 5 5* June 8 755* Jan. 2 91 Registered 247,000 Bait at 86 103 855* 945* 965* Sale _ General unified 4 5<s.. 1964 L8cNcollatgold4s Oct.. 1952 46i000 Atlantic at Danville 1st g 4s 1948 1 000 Second 4s... 1948 19 000 Atlantic & Yadkin 1st gu g 4s..1949 Austin at NW 1st g5s 1941 J Sale Sale 99 85 70 94 J* L02J* Sale 1946 5s Sale 925* ...I960 99 97 Sale 985* 935* 94 J* 89 105 913* 893* 6 2 Feb. 55 28 1065* July 61 July 22 IV Sale 925* Adjustment g 4s July 1995 Stamped July 1995 Registered ...... ....... Conv g 4s of 1909 1955 Conv g 4s of 1905........ 1955 Conv g 4s of 1910 406 99 795* 985* Sale 1995 1995 731,666 Atch Top 8t S F gen g 4s 905* 89 955* July 1995 Ann Arbor 1st g 4s. 81'000 §75* 86 1025* 943* 885* July July July July July July July l25*~Mar.~i4 July 30 8 6 23 1055* July RAILROAD 17,000 10,000 9,000 6,000 29,000 81 745* 815* 695* July 23 1075* July 31 905* July 30 80 July 31 60 July 20 705* July 17 1075* July 25 875* 645* July 23 55 Sale 1045* Sale 99 49 65 1065* 1063* 1063* 585* 87 Sale 81 Sale July 31 July 31 52" 74 107 79" 755* 895* Sale 55 Sale 735* 92 Sale Sale 803* 104 July July July Sale 713* m 645* iV* 84 Sale July 305* July 15 70 July 23 67 July 31 53 37 31 51 Sale Prices. 8 June 47 16 July Sale 90 (City) extl s f 6s..,,..1961 85* July 6 July 70 Sale 91 985* July July 35 Sale Sale 50 Sale Sale 37 Sale Sale Sale 63* Sale 1 65* 30 83 5* 11 55* July 30 7 July 14 July 15 5 7 July 30 6 / July 30 3 July 31 6 . IV iV ?8B Sale 99 V IV 785* 45 5 1. JANi Highest. 65* June ft?. Sale 178,000 Extl s f 6s May 1 1964 83,000 Venetian Prov Mtg Bank 7a... 1952 37,000 Vienna (City) external 6s ....1961 286,000 Warsaw (City) external 7s ...1958 254,000 Yokohama Lowest. July 25 34 Sale 373* Sale il* July July 9 623* 625* July 28 80 Sale 76 1 675* July 56 July 23 545* 675* Sale 15 July 22 1055* Sale 1035* July 1045* 1045* 525* July 17 635* July 545* Sale 635* Sale July 525* July 31 62 525* Sale 615* Sale 100 July 15 1065* July Sale Sale 103 106 100 Sale July 16 1065* July Sale 103 106 t July 100 July 16 103 1015* Sale 1025* Sale 1005* July 30 1035* July 1035* 1035* 1015* Sale July 15 1015* Sale 985* July 1003* 1015* Sale 97 July 17 1005* July 11 100 975* Sale 1005* 9 103 July 20 102 1025* July 1015* 1025* 1015* July 3 483* July 25 68 Sale 563* Sale 67 July 6 15 103 Sale 995* July Sale 1003* 1025* 2 July 3 1015* Sale 1005* July 95 955* 101 July 14 1025* July 30 104 1025* 1023* 1005* 101 90 1 July 85 July Sale Sale 87 85 40 July 1 Sale July 29 333* Sale 38 July 30 July Sale 26 33 375* July Sale July 30 25 18 235* Sale July 31 245* July Sale 18 245* Sale July 10 15 705* July 70 67 695* Sale July July 17 77 Sale Sale 77 July 16 835* Sale July Sale 815* July July 28 64 40 Sale 37 56 July Sale July 28 50 40 Sale 48 July Sale July 15 77 55 735* Sale July Sale July 15 60 Sale 90 July 10 29 Sale July Sale 81 88 74 6 July 22 Sale July 68 735* 70 92 July 6 25 July Sale 745* 89 703* July 10 62 July 30 72 69 50 513* July Sale July 31 40 Sale 30 34 47 July 1 41 41 July Sale 40 41 36 July 25 435* July 37 20 43 5* 39 21 July 60 625* July Sale 65 & July Sale 30" 345* 323* July 24 46 43 91 July 31 Sale 843* July Sale 843* 895* July 2 106 105 July Sale 104 July Sale 715* July 31 77 78 82 July 27 66 July 73 81 65 Sale 465* July 25 665* July 50 July 22 Sale 35 July Sale 43 July 66 70 July 15 83 Sale 68 78 July Sale 465* July 24 66 555* Sale Sale 1960 Ext s f 6s Sale" Sale . 329,000 99,000 Ext sec 7s ser B 1962 267,000 Silesia (Prov) extl sink fund 7s„1958 219,000 Sileslan Landowners Assn 6a....1947 20,000 Soissons (City) ext 15-yr g 6sNov 14 '36 51,000 1946 16,000 Styria (Prov) extl sec a f 7s Sweden (Kingdom of) Extl g 5Ha 1954 136,000 Switzerland (Govt) ext 5Hs._._. 1946 148,000 1955 113,000 Sydney (City) s f g 5>*s Taiwan Elec Pow 55*8 ...1971 1,231,000 1952 36,000 Tokyo City loan of 1912 5s External a f 55*a guar... 1961 263,000 Toliraa (Dept of) external 7s....1947 15,000 12,000 Trondhjem (City) 1st ext g 5H«-1957 26,000 Upper Austria (Prov) extl a f 7a__1945 External a f 65*« June 15 1957 14,000 54,000 Uruguay (Rep) external s f 8s...1946 87% Sale Rep) extl 7s Saxon Pub Works (Germany) 7a.l945 Gen ref guar serial gold 65**—1951 Saxon State Mtge Inst 7s 1945 S F g 6)^8 Dec 1946 Seine Dept (France) 20-yr 7s. 1942 Serbs, Croats & Slovenes extl 8s. 1962 . 10 J* 40 48 S S D N 8 67 Sale sec 85* 125* 95* (City) 25-yrsf 8s .1946 a f g 1953 External "12" 65* Sale 85* external S f 6H8....1952 Rotterdam (City) ext a f 6s .....1964 Roumnnia (Monopolies) 7s 1959 Saarbruecken (City) s f6s 1953 Sao Paulo (City) s f 8s. Mar 1952 Ext J sec s f g 6H* May 15 1957 San Paulo (State) ext s f 8s.....1936 External s f 8s...............1950 Ext 7s water loan.. 1956 Riode Janeiro Ask. Ask. Bid. Bid. SINCE Highest. Lowest. | Q J M M J Ext s f g 6s series A. ..1959 M Netherlands s f 6s flat 1972 M New South Wales ext a f g 5s...1957 External s f g 5s 1958 Norway 20-year ext s f 6a.Aug 15 1943 20-year external a f 6s. Aug 15 1944 30-year external s f 6s Oct 1952 40-year ext a f 5H> Juno 15 1965 73,000 21,000 25,000 186,000 610,000 20,000 153,000 13,000 22,000 104,000 56,000 185,000 123,000 279,000 326,000 Ask. Q J .... July 31. July 1. J931. Bid. FOREIGN GOVT (Concluded) ;i",66o RANGE PRICES IN JULY. Price : BONDS Sale $ in' 3 2 6 1105* Mar. 11 1045* Mar. 103 Mar. 109 Mar. 99 May 23 5 1055* Jan. 865* Feb. 24 1045* Feb. 28 c99 Jan. 27 Apr. 30 925* Apr. 17 105 N. Y. STOCK Sales in Price BONDS July' Value. Bid. "98"" 166" Beech Creek Exten lat g 3H«-_ .1951 A cons gtd g 3^a_.__1943 J 855* ..... I < Brunaw 8c Western 1st gu g 4a. Buff Roch 8c Pitta gen 5a _ . 4Ht Guaranteed gold 5s Sale 995* Sale S M N A O P A D 26,000 "2~, 606 10,000 98 H 104 5* Sale Sale 104 H Sale 1970 A 1955 D 1045* 105 1015* Sale D lt-year gold 4Ha Feb. Canadian Pac 4% deb stock A 15 J Collateral trust gold 4Ha 5s equip tr temp ctfs Collateral trust g 5a 1946 M S Collateral trust 4Ha.. Carb 8c Shaw lat g 4a 1944 J J 1954 J D .....1960 J g 4a Cent Br Un Pac lat g 4a Cent of Ga Ry lat g 5a Consol gold 5a J S 99 92 Sale 1932 M 1949 J J 65 69 1948 J D 80 A 100 95 1945 MN 1959 A O 1959 A O 87 3,000 15.000 13,000 166,000 Registered General 4a... Cent Pac lat ref gu g 4a.. Registered Through St L lat gu g 4a 1954 A 31,000 Ches 8c Ohio lat cons g 5s Registered 5,000 145,000 329,000 6,000 2,000 14,000 1,000 925* 105 1075* 1939 MN M S Registered Ref 8c Imp 4Hs aer A Ref 8c imp 4Hs aer B w 74,000 Chic Burl 8c Q 111 DIt 3 Ha Registered 1005* 105 13,000 4,000 1st Ac general 5s aeries A.. lat Ac gen 6s series B 1966 MN May 1966 J Chic Indiana 8c Sou 50-yr 4a Chic L S 8c East lat 4Hs 49,000 Chic Mil 8t St P gen g 4s.. May Registered ~5~, 606 Gen g 3Ha series B May Gen 4Hs aerlea C 21,000 May Gen gold 4Hs series 56,000 E.-Mar 1 Gen 45* series F 61,000 816,000 Chic Mllw St P Ac Pac mtge 5s Conv adj 5s 1,715,000 Jan 1 J 1956 J J 1969 J D 1989 J J Q ..... 67,000 Chic 8c No Weat gen 3H«— Registered Gen 5a atpd non pay 42", 666 Sinking fund deb 5a 46",606 Registered 15-year secured 148,000 132,000 125,000 1,020,000 668,000 1,000 94 1015* Sale 945* Sale Sale Sale Sale Sale Sale 107 M N S D 1988 100 Sale J O A O Sale Sale D D O A O Chic T H 8c S'east 1st 8c ref 5s i960 D Income guar 5s Dec 1 1960 M S Chic Un Station 1st gu 4H» A..1963 J 1963 J Guaranteed gold 5a..........1944 lat 6H« aeries C._ 1963 Chic Ac Weat Ind Consol D J 50-yr 4a. 1952 5H> series A.........1962 M J S 1952 MN ....1937 J Cln Ind St L Ac C 1st 4s...Aug 2 1936 Q F Registered Cln Lab Ac N lat F ...... con gu g 4a 101 625* 65 75 Q 1942 MN Sale 98 97 945* 102 5* - 685* 66 108 1045* 102 5* 1025* 102 955* 975* 945* 85 22 Jan. 955* Jan. 20 May 13 88 102 Mar. 24 8 1015* Apr. 22 2 895* May 1 Jan. 94 5* 112H 1095* 87H 955* 95 July 14 995* 2 115 Jan. Mar. 3 1145* Apr. 17 985* Jan. 31 99 Feb. 675* July 65 July 795* July —- 695* July 655* July 795* July 97 26 9 5 6 8 Jan. May May May 102 14 1075* May 16 10 1035* Jan. 31 108 July Mar. 17 1045* July 98H Apr. 995* Jan. 1015* July 945* Mar. 935* Apr. 92 5* -Tan. 25. 695 69 28 Feb. 25 Jan. 955* Apr. 27 98 June 22 995* June 13 1055* Mar. 2 109 1 111 Mar. June 6 1045* May — "Indus trials" pag 935* 1025* 1025* Sale 1095* 110 92 5* 85 72 111 Sale 32 1075* 1065* Sale 90 69 5* Sale 945* 1005* 835* Sale ----- ----- 745* 94 ' Sale 955* 985* 635* Sale 255* Sale 75 70 66 775* Sale 80 91 IQOH 70 H Sale 1055* Sale Sale Sale Sale 105 995* July 995* 985* 1025* 1105* July July July July 1 935* July 27 7 1005* July 67 5* Feb. 2 65 July 25 795* Jan. 13 795* Jan. 89 91 91 73 Jan. 70 Jan. 16 9 13 32 July 31 355* July 1065* July 31 1065* July Sale 655* July 31 c68 July 3 1055* July 1055* 1055* July Sale 805* IVA 51 60 73 80 66 75 835* 825* July July July 58 75 July 775* July 95 101 825* 75 725* 925* Sale 72 July 915* July 93 93 5* July 975* Sale 955* July 565* July 20 July 775* Sale 755* July 92 5* 97 565* 205* Sale 11 72 July 2 925* July 14 July 1 965* July 20 67 July 3 28 July 3 24 775* July 13 875* July 88 July 1025* July 108 July —... July 1 94 80 1015* 1025* 1015* 1025* 102 835* July 14 1025* July Apr. 28 Jan. 19 2 91 815* 815* ;905* 92 1075* 1065* July 90 94 80 82 Sale Sale 67 Sale Sale 905* "82"" 935* Sale 79 825* 895* Sale Sale 915* Sale 77 77 Sale 107 July 22 935* July 10 83 July !■: 8 835* July 7 82 July 6 c905* July 1 88 July 22 95 July 2 90 July 82 July 805* July 67 July 89 July 85 July 905* July 755* 775* 855* 865* 1015* 1035* 1015* 825* 905* 805* 1015* "86"" 77 71 Jan. 73 685* 575* 1045* 105 Sale 1065* 1055* 105 5* Sale 1165* Sale 915* Sale 1055* 1025* 995* 995* 96 945* Jan. 22 6 8 16 7 5 1025* Jan. 21 935* Mar. 5 905* Jan. 15 100 Jan. 17 96 Mar. 20 1015* Apr. 11 875* Feb. 25 Jan. 26 Mar. 13 Mar. 5 Jan. 26 Jan. 7 9 Jan. 1025* Apr. 29 1015* May 6 1095* Mar. 24 June June 103 June June June June 96 85 July 815* July 3 7 June 1025* July 3 1025* July 3 July Jan. 93 Jan. 96 Jan. Jan. 11 9 8 26 7 14 995* Jan. 21 985* Mar. 6 955* Jan. 24 925* Jan. 23 91 June July July Feb. Jan. July June 3 1045* May 10 June 11 June 11 100 86 May 8 Apr. 22 85 1015* July 25 1015* July 25 July July July July July July July July July July July 13 8 31 1 21 17 31 13 20 30 18 945* July 9 Jan. Feb. 80 19 27 25 28 June 3 81 Jan. 3 Mar. 15 795* Mar. 28 June 26 91 Mar. 9 Jan. 6 91 Feb. 10 June 1 cl035*June 1 July 22 1105* Mar. 18 Apr. Sale Jan. 695* Jan. 110 695* Apr. 25 755* 90 Apr. 22 965* 88 H May 5 965* 95 May 29 101 > 50 June 1 76 15 June 2 35 105 14 June 7 1045* May 1005* Jan. 21 91 Apr. 13 66 July 21 725* June 12 935* Apr. 22 995* Apr. 28 795* Apr. 24 June 1065* 1075* 107 935* July 27 965* Jan. 31 1005* July 965* Apr. 10 100 May 100 Jan. 30 1045* May 5 1075* Feb. 1105* June 99 May 12 1015* May 30 Apr. 17 50 Jan. 104 5* Jan. 6 108 Mar. 16 995* July 2 103 5* July 14 1105* July 875* 865* 875* 855* July 85 87 925* 925* 87 July 1015* 102 5* 1025* Sale 1015* July 1075* 1065* Sale 105 July 1015* Sale 91 855* 1025* D 1932 A Sale 100 1005* Sale 102 5* 955* 90 91 1951 Choc Okl Ac Gulf consol 5a Cin Ham 8c Day 2d g 4Ha Sale 985* Sale 87 June 15 1951 Sale 106 5* 1055* Sale 1952 M S D 1st 5s series B 975* 1055* 915* Sale 87 H 95 1960 MN June 15 1951 June 15 1951 St L 8c Pitts cons g 5s 99 5* 1005* 107 108 5* J 1934 A ......... sale. Sale A Registered 98 87 5* O 1988 Gold 5s.... Gash - 1975 F D Sec. gold 4Hs series A Convertible gold 4Hs Chic S L Ac N O— C - 2000 A 1949 MN Registered Registered "i",66o 110 "93"" 89 J May 2037 Refunding gold 4s lat 8c ref M 715* 1936 M 935* July 101 100 93 5* 94 D 1st 8c ref 4 Hs aer G Conv 45*8 series A Gold 3 Ha 3,000 68,000 59,000 28,000 119,000 290,000 50,000 7,000 5,000 1,000 «. 33 105 66 76 May 2037 J May 2037 I Mem Div 4s 19",000 635* Sale MN Stpd 1st 8c ref 4 Ha 1,000 Chic 108 Q F *Hs..Mar 1 Registered. 304", 000 Sale 103 lnc tax. .1987 MN lat 8c ref g 5a 110 Sale 1933 MN 1 100 20 1015* Apr. 1045* July 1045* July 100 July 1005* July 1015* July 955* July 97 July 945* July 985* 995* 1005* 1005* 99 5* Sale 985* 100 102 41 "35"" 1987 MN 103,000 Chic R I 8c Pacific gen g 4s 10,000 926,000 Sale J ........... 935* July Feb. 1 1987 MN Registered llolVs 95 97 93 102 J Stpd non-payt Fed lnc tax.. 1987 MN Stpd gen 4Ha non-pay lnc tax. 1987 MN June 855* July 70 July 19 J General 4a Jan. 94 22 Jan. May 15 14 1095* Jan. 30 28 92 Apr. 21 5 835* Feb. 25 28 1035* June 29 16 1025* Apr. 4 1075* Jan. 88 July 78 May 101 75 27 23 10 1035* May 23 13 1025* May 25 2 1035* May 12 10 955* June 11 8 cl02 May 25 6 7 945* Jan. 5 5 1045* May 1989 J 1989 J 9,000 33,000 27,000 10 7 20 104 Jan. 1989 48",660 2 Jan. 1045* Jan. 925* Sale J 1989 1 25 Jan. 1035* Jan. 915* Sale - 107 27 795* m 895* May 16 July 20 May 8 15 1055* Mar. 20 27 100 Jan. 3 102 July 27 July 23 6 July 6 July 2 July 6 July 1 July 22 July 66 1085* 110 m,' 15 July July 68 7 121 June 8 27 1035* June 11 1 1075* July Sale 65 — 7 16 23 13 15 9 13 21 1065* July 107 795* — Feb. June 12 1025 Jan. 109 69 103 - 108 21 102 14 27 7 10 675* 91 J 9 14 1025* May 21 July July 102 ' 7. Jan. 985* July 965* July 97 July 1045* July "985* 97 695* 815* 98 965* 965* Sale J 90 18 . July July July July 97 98 70 5* 80 J 1947 J Feb. 985* 98 Sale 975* 955* 955* 965* 965* "975* 965* '975* 97 Sale 1025* Sale 103 102 P 69 J 1947 J Mar. 85 89 July 14 95 July 14 1135* July 21 1125* July 3 69 795* 10 July July July July Sale Sale See ... Refunding gold 5s Refunding 4s series C 955* Jan. 965* July 21 855* Sale 855* 945* 945* 1135* 115 1135* 1125* l\VA l!H 1025 87 985* May Jan. 1005* 1005* Sale Sale 8 Feb. 855* July 795* July 935* July 9 12 Apr. May Jan. 22 102 May Jan. 19 108 May Jan. 20 108n May Jan. 20 1075* May Jan. 21 104 May July 23 1005* July Jan. 1135* June 87 945* July Jan. Jan. "945* 104 J 4.000 Chic Ac Erie lat gold 5s 1982 M N 520,000 Chic Gt Western 1st 50-yr 4a 1959 M S 1,000 Chic Indianap Ac Louiav ref g 6a.1947 J J 78 103 1949 J .... 715* 855* July 70 July 10 1035* Feb. 21 3 1035* Feb. 20 Jan. 1035* July 1035* July 945* July 20 955* July 83 935* Sale 102 101 101 93 388,000 82,000 46,000 A 7,000 Chic 8c E 111 1st cons g 6a... 1934 A O 191,000 Chic 8t E 111 Ry (new co) gen 5a..l951 MN 84 1045* 106 935* Illinois Division 4a............1949 J J General 4a. .....1958 M S 1st 8c ref 4 H* aerlea B 1977 F A let 8c ret 5a series A 1971 F 73 104 j""j 1950 86 Sale June Feb. 79 965* Mar. 20 July June June 645* 1035* Sale 1025* 955* 965* 945* 88 6 100 May 29 ---- 1065* Sale 1005* 1035* July 81 July 1025* July 107T July 1025* July 1015* July 1015* July 106 5* July 1065* July 1065* July 103 July 1005* July 1135* July 1195* July 103 5* July 865* July 102 July 1055* July 103 July 985* July : 1035* July 17 1035* July 8 1085* 1085* 1085* 108 * July 8 1085* July 8 8°5* 88 805* July 28 88 July 28 §§* Sale Prices. 71 Feb. 27 7 1005* July 23 Feb. 103 5* 1045* 103-5* 104 62 1. Feb. 27 July 101 July 1005* July 965* July 825* July 108 104 1989 J 7,000 Chic 8c Alt Ry lat lien g 3Ha 59 "Sale 101 Craig Valley 1st g 5s May 1940 J Potta Creek Br 1st 4a.........1946 J Sale Prices. 975* Jan. 100 97 675* 110 104 1989 J Warm Springs Valley 1st g 5a .1941 M S Chesapeake Corp conv to 5s Mayl5 '47 183,000 Chic 8c Alt RR ref g 3a. 1949 A O 12,000 Certif deposit atpd Oct 1929 lnt... 45", 606 Sale 1045* ....1993 A O 1-1995 ' J R 8c A Dlv 1st con g 4s_ R 8c A Dlv 2d con gold 4s Sale Sale 100 97 I960 F S 1195* "93" Sale 1936 J 1992 M Sale 102 83 ......1939 M N ; General gold 4 Ha 106 1055* 1055* 1015* 1005* 1135* Sale 91 F Guar 5a 100 Sale Sale 70 112H Sale 109 H 11451 95j 9751 Sale 963 1949 F Sale 102 935* 1987 J 1025* 1085* 1075* Sale 1005* Sale 1005* Sale July July July July July 1045* 1035* July Sale 77 July 102 July 1685* 107 July Sale 100 July Sale 100 July Sale 100 July Sale 1055* July Sale 1055* July Sale 1055* July 1025* 1015* July Sale 100 July Sale 1125* July Sale 1185* July Sale 1015* July Sale 83 July Sale 98 July Sale 1045* July Sale 1005* July Sale 975* July 102 113 87 H 102H 95 85 93 Q .... Charles 8c Savannah 1st g 7a 166",606 95 84 "785* ale 985* 985* 945* 825* Sale i§* 79 "995* 83 H Chat Div pur money g 4a.....1951 J Mac 8c Nor Die 1st g 5a 1946 J Middle Ga 8C Atl Div pur m 5a..1947 J Mobile Div lat g 5a 1946 J 15,000 Cent N E 1st guar 4s 1961 J J 20,000 Cen RR 8c Bkg of Ga col tr g 5S..1937 M N 31,000 Central of N J gen g 5a... 1987 J J 85 98 1005* !i% 98 Registered $1,000 8CI5.000...1945 MN 98 Sale JAN. Highest. 855* Feb. 20 96 995* 945* ..... Sale Sale Prices. 71 84 855* Sale 995* Sale 1045* 1055* 105 102 1025* Sale 975* Sale 1025* 103 1075* Sale 89 93 H Not. 1945 F Ref 8c gen 5Hs aeries B Ref 8c gen 5a series C Sale 79 1105* Sale 115 H Sale 100 H Sale 885* Sale 995* Sale 1025* Sale 1025* Sale J 1935 "¥,066 177", 606 Sale J 12,000 Caro Clinch 8t Ohio lat 5a 1938 J D 29,000 lat 8t con g 6s aerlea A.Dec 15 1952 J D 1,000 Carthage 8t Adlr lat gu g 4s 1981 J D 31666 Sale 99 O A cons 985* July 1969 1956 98 H 1015* 106 5* 1005* 100H 100 H 1065b 106 5* 1065* Sale 105 ..Oct 1969 Guar gold 45*a......June 15 Guar g434 s Sale 975* 98 Sale 85 Sale Prices. SINCE Lowest. 1005* July 23 100 5* July 23 1035* 1005* 102 J Canadian No deb a f 7a ......1940 25-year deb a f guar IHs 1946 95 % 98 J* III" "85" 95 H 101H 103 Ask Highest. 62 100 94 5* J 1938 J 1937 M S 1968 Guaranteed g 5s Guaranteed g 5s CaroCent lat RANGE Lowest 875* 895* 96 99 5* M 1957 I Gold \ . 89 J ConsoMKa 1957 M N Burl Ced Rap 8c Nor 8c Col ts lat 5s '34 A O Canada Sou con gu 8c col tr 5a._ 1962 A O Canadian Nat guar 434a-Sept 15 1954 M S 4Ha ■ July 31. Ask. Bid. Bid. Ask 975* Belvldere Del " July I. Battle Creek Ac Sturgla gu St.... 1989 J Beech Creek lit gu 4a..........1936 J Second guar gold 5a .....1936 J 4,000 Big Sandy Ry lat guar 4a 1944 233,000 Boston & Maine lat 5s A C ..1967 lat mortgage 5s aeries 2 99,000 .1955 lat g 4Jia series JJ 278,000 1961 .1,000 Boston 8c N Y Air Line lat gu 4a.1955 91,000 59,000 5,000 87,000 263,000 139,000 144,000 176,000 42,000 144,000 112,000 112,000 49,000 153,000 590,000 83,000 77,000 90,000 293,000 PRICES IN JULY. 1931. « 'i'666 19 Jan. 2 N. T. STOCK EXCHANGE. ib", ooo EXCHANGE—BONDS Sale 625* 73 Sale 645* 1035* Sale 106 Sale 105 1165* 1155* Sale 905* Sale 105 1035* 100 995* July July July July July July July July July July July 945* July 11* 105 -.s 1065* 106 1165* 915* 1055* 1035* 100 995* 9 855* May 8 915* May 12 14 1015* Apr. 18 101 Feb. 1 18 Mar. 11 3 73 Feb. 11 2 1055* June 8 3 1065* May 26 May 19 June Jan. Jan. Feb. Jan. Jan. June 27 106 13 2 U92H July 21 Jan. Jan. 22 3 1055* Apr Jan. 21 Jan. Jan, 15 100 9 Apr. 22 May 15 1035* 24 1 *pr. 7 Apr. 8 995* June 13 985* Apr. 22 96 Mar. 0 Sales in Jan. 2 Cin Union Term lat 4 He Clearfield Ac Mahon lat ltd Cairo Dir lat 30",600 gold 4a St Louia Div lat ..1939 1991 ... J J J J 92% coll truat ft 4a. 1990 MN Q9W 4a..—1940 M S Sprlnft 5t Col DIt lat ft W W Val DIt lat ft 4a "5.666 4,000 8.000 4,000 2020 J 15a..1943 J Cin W 5t M Div lat a 4a CleT Col G 5c Ind gen con 1940 6a CleT Lor 8c Wheel con lat ft J A O J 3%t 4Ha.. J "95% 100 ... 87% Coal R1t Ry lat gu Col 5c Tol lat ext 4a Conn 5c Paaaum RIts lat ft Conaolidated Ry non-cony 3,000 F A 86% 102% 104 A O 102% 4a 1955 A5cO 1955 J5cJ 1956 Non-cony deb 4a 11.000 Sale 97 D Sale Sale 96 4s....1935 73 76 68 73% 76 74 73 69% 75 Sale 72% D 65 Sale 104% 105% Des Plainea Val Detroit 5c Mack Gold 4s 42,000 Detroit River Tunnel 1st gu 4%»-1961 Dul Mlssabe 5c Nor gen 94 Sale Sale Sale 94% 62% Sale 71 ""6",000 93,000 16,000 1,000 623,000 725,000 35,000 4,000 5,000 1,000 104% Sale 102% 104% 101% 85 Sale Do gold 5s aer 1927 ...1967 Ref 5c Imp 5s of 1930 1975 Erie 5c Jersey lat a f 6a ...1955 Genesee Riy RR lat a f 6s. 1957 Erie 5c Pittab gen gu ft 3Hs sex jB. 1940 Ref 8c impt M N 4,000 Fla Cent 5c Pen consol gold 5a ..1943 3,000 Fla East Goaat lat 4Hs 1959 106,000 lat 5c ref 5a aer A 1974 12,000 Fonda John & G1 gen ref 4Ha—1952 106 Galv Houa 5c Hend Ga Caro 5c Nor lat 2,000 Sale 101 A O 103 122,000| 85 97% 101 Sale 105% Sale M S J D lgt 5c refund 4%a Ser 192,660 168,666 Gen mtge 5a Ser Gen mtge 5Ha Ser ...1936 Gen 4H" 250,000 Gen 4Ha 101% Sale Sale G........—1973 Seriea D............ 1976 aeries E 1977 Green Bay 5c Sale Sale West deb ctfa A— Debenture ctfa B.. 4s... 1940 Gulf Mob 5c Nor 1st 5 Ha 1950 10,000 lac mtge gold 5a seriea G ...1950 Gulf 5c Ship Island ref 5a...Feb 1952 Greenbrier Ry 1st ftu ft Feb 90 Feb 16 MN A A O J J Registered .1999 [J J MN 3,000 Housatonlc RR con ft 5a........1937 J J Houst 5c Tex G lat g 5a int ftu .—1937 7,000 Houa Belt 5t Ter lat 5s 1937 3,000 Houst E 5c W Tex 1st 5a i.1933 lat gu ft 5a redeem ..... 1933 353,000 Hudson 5c Manhat lat 5c ref 5s A. 1957 279,666 Adjust Income 5a.... .Feb 1957 12,006 6,000 Illinois Central 1st ft 4s. 1,000 lat gold 3 Ha Registered 1,000 24,600 169,000 14,000 50,000 46,000 40,000 309,000 .......1951 ] - 1951 Oaah Sale. 1 July 31 1 94% July 56 July 30 62% July 30 91 27 6 17 24 6 31 24 94% July 96 July 64% July 73% July 3 22% 17% 95% 99% July 21 100 71% July 31 76 74 July 27 76 75% 6 75% July 74% July 28 81% 74 July 29 81% 111% July 15 112% 111 July 31 112% 97% July 31 98% 95% July 23 95% 85 85 92 85 75 Sale 18 75 19 Sale 75 97% 104% 105 31 Sale 19 15 16 16 95% 97% 105 June Jan. Jan. 104% 105 July 30 100% 102 25 85% Jan. 9 8 5 8 Apr. 20 Apr. 7 35 Apr. 28 35 Apr. 28 101% May 14j 104% May 19 104% June 18 104% June 18 102 Jan. 7 104% July 20 60% Feb. 2 36% May 21 5 96% Feb. 25; 97% May Jan. 104% Jan. 2 108 104 Feb. 20 107% June 102% Jan. 19 106% June 84% Feb. 3 89% Mar. 80% July B 87% Mar. 70 Apr. 14 79% Jan. Jan. m May May 28 Jan. June 3 Jan. 70% Feb. 65% June 2 3 3 July 68 66 109 July July July 27 June Jan. 21 106% Jan. 5 Jan 6 Jan. 19 67% May 27| 17 June 11 16 July 8 93 81 80 31 8 86 18 101% July 9 113% July 101% July 112% 112% 112% July 107% July 107% Sale 28 10«% July 109% July 1 110% July 18 1 3 7 Mar. 16 Jan. 14 Jan. 8 6 28% Jan. 8 July 21 July 20 May 5 July 31 July 23 July 86 66 8 . Jan. 95% July 13 100 30 June 3 57% Feb. 86 23 Jan. 93% May 26 95% July 23 18 2 1 6 23 25 1 14 21 23 27 13 17 35 110 98% 108 Sale Sale Sale 102% Sale 95% Sale 95% Sale 50% 75 7% 96% 84% 83 16 109% Sale 99% 100 107% Sale 101% Sale 95 Sale 94% Sale 50% 75 7% 16 85 75 86 Sale 72 80 103% 104% 104 Sale 85 Jan. 21 95 73 Jan. 16 73 103% Apr. 18 105 99% Jan. 29 101% 110 Feb. 3,113% 105% Jan. 3,108% 98% July 107% July 1 31 101% July 31 94 July 31 94% July 31 8 108% June 109 July July July July 10 10 96% July 7 100% 108% .03% 96% 26 18 Feb. Jan. 3 80 July 17 83 July. 21112 Feb. 24 9 110 Apr. 22 M N 100 F A 98% Sale A O 74 J J J J A O 86 75 A O 85 Sale 95% 102 89 90 90 79 91 85 Sale 104% 109% 96 Sale 85 93 102 102 161"" 102'" 98% 78% 102 Sale Sale Sale 77% Sale "87" 83 "85"" "87" 84% 82% 84% 75% 97% 105 82% 90% July 102 July 101% July 98% July 77% July 85*1 85% Sale 7 100 July 22 11 102% July 27 102 July 100 25] 85% July 31 85 July July 79% July 14! 102 31 6 94% July 85% July 86% M 88 25 6 85% July 31 85% July 25 86% 81 80% July 27 83 2 84% 85% '83% 88% 84% July 3 74 78% July 76% Sale Sale 96% July 28! 99% 99% 2 107 106 10 6* Sale July 106 Sale 73 July 31 83% Sale 92% 92% 88 Sale II* Apr. 95 17 Mar. 21 May 13 June 17 July 3 July July July July July July July May 9 Jan. 5 May 5 Jan. 8 Jan. Apr. 7 17 Jan. 15 Apr. 2 21 12 104% Mar. 18 June 18! 104% July 22 July July 94* 94% 94% 85 *86% 103% July 97% July 103% 102 June June 1 101% 101% Jan. 1 102 98% July 07% July 31 111 3 cl08 101 June 94 July 31 100 94% July 25, 99% 67% Apr. Mar. 105% "97% loo" 166% 102] 108] Feb. Apr. 20 June 5 102 M N J Sale 108% Sale 113 May 19 83 13 60 101% 101% 3 June 6 Feb. 99 June 24 101 95% July 45% July 50 45 4 June 13 104% July 13 2 35 87 67 104% July June 30 105% Apr. 27 107% Apr. 103% Feb. 10 105% May 95% July 35 July 95% Sale 27 106 3 106% May 25 Apr. 28 100 Apr. 30 Feb. July July July July July July July July July 22% July 18 July Feb. 10 47 70% Mar. 4 80% Mar. 12 72 July 24 99% May 25 7 5 30 Jan. July July July July July 75 4, 72% Apr. 24 July 1 12| 75 July 31 7 7 8 93 July 11 July 2 July 28 July 8 96% Mar. 27 June 29 31 76 June 11 107 97% 101% 101% 105 h 100% 100*1 100 100*4 J Extended 1st g 3 Ha 1951 1st gold 3a sterling....... 1951 M S A O Collateral truat gold 4a.......1952 MN 1st refunding 4s ......1955 J J Purchased lines lat 3Hi— 1952 MN Coll tr g 4a L N O 5c T 1953 MN Refunding 5s................1955 J J 15-year secured 6Ha..........1936 F A 40-year 4Ha 1966 J D Cairo Bridge gold 4a 1950 e "K* 94 O J 1999 [J 23,000|Hock Val lat con ft 4H« 30 Feb. 48 81 109% Sale A ...—1961 B...... 1952 75,000 339,000 72 Sale 111 Registered ----- 11 31 Jan. 102 1940 A 751,000 Gt Nor—Gen 7a Seriea A 97% 73 ......1946 A Oawegatchie lat 5a...—1942;J I ex 1st gu g 4Ha 1941 J Sale .... 105 64% 5s 1929 1934 15-yer deb g a f 6a guar.......1936 Grays Point Term 1st ftu ft 5a ...1947 —. 99 Extended at 6% to 20 68 70 68% Jan. 1 July July July July July July July 44 65 73% 72 97% 105% 105% 1 14 June 20 69% Jan. 19 7 103% July 29 78% 112% 111% 112 Sale 112% 114% Ill 97% Sale 94% 104% May 12 2 40 25 100% 28% Jan. 93% Jan. 16 July 7 Jan. 92 July 73% July 6 85% June 30 40 94% 26 «- Georgia Midland 1st 3a Gouv 5c 93% 21 D 15 74 M S J 20 4% Sale MN 89 4 Sale Oct. 1945|J 3,000 Gr R 5c 123,000 Grand Trunk of Can a f 7a 20 15 79 77 3 11 8 Sale 75 J 66 Sale 80 J 57% 62% 76 19331A lat 5a. lat cons 5a trA Sale J May 25 75 96 76 74 D Mar. June 7 Sale 74 112 107% Feb. Apr. 107% 110% 105% 110% 105% 105% 104% July 15 107 107 103 104% July 30 104% 103 104 89 1 85 July 87% Sale 85 Sale 84 3 84 Sale 80% July 27 78% 75 July "77"" Sale" 75% Sale 74% 76% 91% 91% 1941 Ft Worth 5c Denver Gity 5H« —.1961 6,000 Faem Elk 5t Mo V lat 6a 1933 20 2 105 May 7 102% Jan. 30 104% Feb. 18 102% July 102% 102% 104% 105% 104% 103% July 3 104% July 20 103% 103% 104% 46 July 21 46 July 21 46 50 43 50 98 99 97% Sale 109 Fort St U D Co lat g 4 Ha 19 Mar.'29 92% Jan. 92% Jan. 20 101 88 100 O A 87 99 74 64 99% 100% 71% Sale 71 75 67% 75 Sale 70% 1940 Series G 3 Ha Ga 5c Ala 98 1953 1953 Gen cony 4s Seriea D.. 8,000 58,000 84 72% Sale 76% 1953 4a Ser A..... do Ser R 60 yr cony g 66 60% 93% 4s..........1951 Penn coll trust g 18 92 31 101% July July 16 87 73% July 91 75% 25 50 102% 103% 103% 100 103 MN East Tenn Va 5c Ga cons 1st g 5s 1956 M N 11,000 Elgin Jol 5c East lat ft 5a 1941 1,000 El Paso 5c S W lat 5c ref 5s 1965 A O 80,000 Erie lat con 5c prior lien 4s 1996 6,000 Registered 218,000 lat consol gen lien 4s. 1996 Registered... ............ 10 Apr. 25 May 14 May 22 Sale 42 80 30 43 J Sale 7% 5% 19% J 101 98 98 25 M N Feb. July 15 111% July 29 108% Feb. 104% June 13 107% July 28 101% Jan. 1 103% July 31 July 16 73% July 2 36% July 61% July 72 July 79% 73 76% 72 July 64 74% 70 66 94% July 94% Sale 96% Sale 105% July 107 103% 104% 107 105% 104% July 104% Sale 105 98 36 74 61% 65 Sale J 5a....... 1941 Dul 5c Iron Range lat 5s 1937 A O 5,000 Dul So Shore 5c Atlantic g 5s 1937 J J 2,000 East Ry M No Div lat ft 4a 1948 A O "18*666 Sale Sale Certificates of deposit 1st guar 4%« 1947 M"S J D lat lien ft 4a.....1995 1995 J D 21 May 15 May 7 May 8 Feb. 22 Last sale 100% Jan. 74 74 72% 73% 72% 74 36* Sale 43 J J Jan. 6 105% July 24 7 105% July 27 103% Jan. 101 % Feb. 26 102% July 31 3 102% July 31 101 Jan. 15 101% July 31 9 101% July 31 104% July 101 % July 101% July 91 73 D D Ft D lat ftu ft Jul"y"l8 it 94% B ....1936 491,000 Del 5c Hud lat 4a tax ex N T 1943 M N A O 1,000 10-year conyertible 5a..... 1935 M N 38,000 15-year 5Ha 1937 F A Del R1t RR 5c Bdge lat gu ft 4a..l936 179', 606 Den 5c Rio Gr 1st cons ft 4a.. 1936 J J 15,000 Consol gold 4Ha 1936 220,000 Deny 5c R Gr West gen 5s Aug 1955 F A 109,000 Ref 5c imp mtge 5a aer B.......1978 Des Moines 5c 97% 17 Feb. Apr. 10 Jan. 7 92% 90 1st lien 5c ref 6a aeriea JuTy"6 91% 111 % 110% July 110 110% 111 106% July 107% Sale 106% 108 102% July Sale 103% 102% Sale 95 95% 100 July Sale 100 Sale 101 86 July 84 89% 85% Sale 106 M N 172,000 Cuba Northern Rya lat 5%a_.„—1942 71,000 Cuba RR lat 50-yr g 5a 1952 40,000 lat lc refund 7%s aerieaA...... 1936 91% Apr. 24 Mar. 27 103% Jan. 2 105 95% July 31 101% 3 97 Mar. 12 99% 94 Feb. 10 '92% July"15 91 90 June 2 93% 95% Jan. 19 95% 95% Apr. 7 97% 97% July 18 100% 91% 88% 88% 104 July 22 103 104% 102% 103% 103% July 21 104% July 2 103% 104% 102% 104% 103% July 30 Sale 1955 4a 1943 deb 4a 1954 Non-cony debenture 4a Non-cony debenture 10", 606 97% 96% 97% 6 May 91 Colo 8c Southern Ref 8c ext 4Ha--1935 M N 61,000 General mtge 4Hs series A-...1980 A O Col 8c Hock Valley lat ext g 4a—..1948 "Y,66o Sale ..... Prices. 105 2 103% Jan. 100% A J 91^ "& 87 92 92 — 86 % F ...1945 4a 98% 91% July 31 104% July 8 104% July 103% July 10 104% July 98% July 95% July 31 105 104 Sale 102* 101% Sale 101* 101% 100% 101% 102* 101% 101% 100 J MN *96% 3 93% July 1. Highest. Sale Sale Prices. 102% Jan. 31 106 98% Apr. 24 97 91% July 31 109% Feb. 17 110 Sale Prices. Sale Prices. July 13 103% July 31 106 104% 105% 105 102 102 18$ 96% 96% 101% 31,000 CleT Union Term'la lat a f5Ha A.1972 A O A O 41,000 lat a f ft 5a aeriea B guar......1973 119,000 lat a f guar 4Ha aer G 1977 A O 1*88",000 98% 91% 95 98 Sale 98 98 101 A O Seriea G gu 3%« Sale Sale 97% 104% 105"" 103% 104% 103% 105% J 1942 ...1942 1948 Seriea D 3Ha 1950 2,000 General 4Ha aeriea A.........1977 33,000 CleT Short Line lat gu 4Ha 1961 Series B gu Serlea A gu 101 Sale 93 J 1934 5a...1933 114 Sale 93% J J 5a 1938 CleT 5c Marietta lat ftu 4%s 1935 MN A O CleT It Pitta gen gu 4Ha aer B—1942 CleT It Mahon Valley ft "96~% 105% 106% 103% Sale 101% 101 93% *93% 91% Sale 103 % J J §3% 19931 D 26,656 C C C 5c St L gen ft 4a General 5a aerleaB.. .......1993 J D 109% 104 "T.ooo Ref 5c imp 4a aeriea G...... 1941 J J J J 103 % Ref 5c Imp 5a aeriea D-........1963 56,000 Ref 5c impt 4 Ha aeriea E 177,000 1977 J J 100% 53,000 Ask. Ask. Bid. Bid. Ask. Bid. Lowest. Highest. Lowest. July 31. July 1. 1931. 5 ft. N. T. STOCK EXCHANGE. Value. SINCE JAN. RANGE JULY. PRICES IN Price BONDS July \ EXCHANGE—BONDS N. Y. STOCK 20 99 Jan. 09 Jan. 3 106% Jan. 21 101% Jan. 100% Apr. 28 100% Apr. 28 97% July 7, 101% May 15 100 Jan. 12 101% June 22 5 103 May 19 100% Jan. 4 102 July 27 100% Feb. 7 102 July 14 100 Jan. 98 Jan. 19 102% Mar. 18 2 7 79% July 74 Jan. 93% 83% 86% 85% May June Jan. 10 May 19 May 12 85% Apr. 9 86% Jan. 10 87 Feb. 28 96 84% June 10 96 76% June 10 93 Jan. 7 88] 80 June 3 90] 73 95% June 12 106 106 June 71% June 90 1 110 2 100 93 June 23 Jan. 16 Mar. 10 Mar. 6 6 28 Jan. 16 Jan. 21 Jan. 15 Mar. Jan. N. Y. STOCK Salesin Price July BONDS Value. N. T. STOCK EXCHANGE. Illinois Central (Concluded) Litchfield Div 1st g 3s Louisv DIv 8c Ter g 334* 34",000 Spring! DIt 1st g 334* Western Lines 1st g 4s Ask. 12,606 84,000 165,000 434s series C Ind 111 Ac la 1st gold 4s 76 79 75 79 86 8234 86 8334 8534 9034 84 99 Sale 95 95 • 1965 1956 J J 1956 J J M N 70 M N 7034 F A J D "1334 1334 1951 M 1950 A O April 1950 J Plain J Sale 9134 9534 9754 7734 Sale 100 Sale 1997 A J M N Sale 2003 M N 2003 M N 10234 107 1941 A O 101 1945 M S 8834 10934 11334 O 1962 MN Long Dock 1935 A O 8,000 Long Island gen g 4s 1938 J Gold 4s 3,000 1932 J Unified gold 4s.. 1,000 .......1949 M Deb gold 5,000 5s.............. 1934 J 20-year deb 5s......... 33,000 1937 M Guar ref gold 4s.. 43,000 1949 M N Sh Bch 1st cons gu 5s_ 1,000 Oct. 1932 Q 275,000 Louisiana Ac Ark 1st 5s series A..1969 J 1,000 lou Ac Jeff Bridge gu g 4s......1945 M D 9134 D 92 88 101 Sale 10 234 9434 8634 9234 Sale 7634 7734 9234 Sale ----- 102 100 84 8234 98 10034 8634 Sale Sale 12 94 10034 105 Little Miami gen 4s series A gold 6s 77 66 10 89 ~96~" "9734 1965 A 72 68 10 93 Sale 85 IS* 10034 8834 8034 July 91 §2"" July" ; 9634 7734 July 90 July 9734 July 93 34 July "8934 Sale I,out8T Ac Nashv gold 5s.... 102 10034 Sale 8534 8534 8034 90 99 9934 112,000 105,000 129,000 1,000 16,000 38", 000 8,000 3,000 "5".666 ~2~666 J J J 98 84 South Ry Joint Monon 4s Atl Knox 8c Cln di? g 4s ..1952 J 1955 M N Louis Cin Ac Lex div 6 434* 4,000 9,000 63 34 100 1934 J 10134 Manila RR South Lines 1st 4s...1939 M N 1st ext 4s 1959 M N Manito S W Colonix g 5s 1934 J D Man G B Ac NW 1st gu 334*.--..1941 J J Mex Internat 1st 4s asstd 1977 7334 Mich Cent Mich Air Line 1st Jack L Ac S gold 334* 9634 8434 4s.Zl940 J 1951 M 1st gold 3348 Cons ext J S 1952 M N 434s (1884) Mil Spar At N W 1st gu 4s Mllw Ac State Line 1st guar Minn A St L 1st cons 1st 8c refund gold 4s.. I6IH 85 Sale 1934,J D 9734 8 .... 99 Sale 95 J M N 1949 M 8 15 15 434 8 F 6434 6934 Sale 9434 1947 M ......1962 Q Certificates of deposit........ 74 65 1 9934 89 Sale" "88"" 97 "(f.ooo 44,000 M St P 8c S S M 4s stpd... 1938 J J 5s 1938 J J 5s gtd as to Int.......1938 J J 10-yr coll tr g 634* 1931 M S 1st 8c ret 6s series A..........1946 J J 25-year g 534*-1949 M 8 1st ref 534* series B 1978 J J MStPAcSSMAt Cent Term 1st Chic Term s f 4s........1941 1st cons 1st cons 26,000 Mississippi Cent 1st 5s 35,000 Missouri-Illinois RR 1st 5s MN 1949 J J A.1959 J J Mo Kan 8c Tex 1st g 4s .....1990 J D 143,000 Missour-Kansas-Tsxas RR— Prior lien 5s series A.........1962 169,000 J J 40-year 4s series B ......1962 J 59,000 J Pr lien mtge 434s ser D... 1978 J J 21,000 Cum adjust 5s series A Jan 1967 A O 125,000 Missouri Pacific RR Co— 51,000 624,000 556,000 197,000 502,000 206,000 1,194,000 ser 1st 8c refund 5s series A......1965 F A General 4s 80 93 34 9834 9834 80 82 44 65 97 9734 92 mtmrntm m mm'mem' 90 90 65 Sale 88 Sale Sale 9554 Sale 89 Sale 9834 Sale 69 Sale 97 Convertible gold 534*.... 1st ref gold 58 series H 93 Sale Sale Sale 9634 Sale 1st & ref 58 ser I Mo Pac 3d 7s ext at 1980 A O 1981 MN 4%....July 1938 3s ...1945 Mobile 8c Blrm prior lien g Small ...... Mortgage gold 4s..... Small... 7,000 c Cash sale ...... 1945 J J J J J J J J 8834 July 1 7 3 27 14 434 July 9634 July 30 29 2 25 1 9454 8454 10254 10254 9034 July 77 Sale —- June 3 9734 Apr. 15 9 8834 Jan. 12 Apr. 29 10354 Apr.$-7 Apr. 27 10434 Feb. 19 Jan. Mar. 16 90 Feb. 2 65 Feb. Jan. 5 81 Feb. 65 Jan. 5 66 May 22 July 29 73 Mar. 17 60 74 Feb. 2 16 Jan. 21 15 Jan. 9 6 Jan. 12 June 22 .234 July 94 Jan. 17 3 May 8834 July Sale 24 June 93 June! 2 8834 Apr. 94 Feb. 15 102 July 1 31 10054 July 31 3 8634 July 7 10134 Feb. 10034 Feb. 8354 June 83 Apr. 73 June 83 June 9334 Jan. 9134 Feb. July 10134 July 10034 July 8434 July 85 105 July 10054 July 8754 July July 88 21 Mar. 20 Mar. 10 Mar. 9 June 23 May a 9 17 9934 July 10534 July 105 July 29 10954 July 3 Sale 6 99 July 10054 10054 July 10434 July 10534 Sale 10234 10254 10134 July 96 96 July 96 93 July 6854 6834 July 9434 10034 69 98 Jan. Sale Sale 8754 July 9434 July 10054 July 77 65 July 9954 July 8934 July 11 10 9954 July 8934 July 9854 July 18 9854 July 1 June 39 June 93 June 10154 June 27 75 Mar. 20 9734 Mar. 7 10234 July 9734 Feb. 10 10354 June 22 June 10 2 cl02 63 102 May 12 10654 Feb. 24 Jan. 106 10234 Jan. July 7034 June 10154 May 10+ 93 Feb. 95 Jan. 8934 Feb. Mar. 7 20 10 16 29 9 9734 July 2 May 13 102 Apr. 30 101 Jan. 7734 Jan. 9 1 10 7234 Apr. 28 9834 Jan. 2 100 Apr. 14 8734 June 22 9034 Apr. 22 64 54 July June 65 July 10 —- 18 9734 May 2 Last sale 25 94 534 634 8 834 854 64J4 Sale 9934 Sale 90 July July July July 10234 July 81 July 97 93 July July 15 11 July July 4 July 7834 July 68 July July July 11 8 9 79 July 70 July 8034 July 1 100 July 24 14 98 July July 46 85 July July 29 88 July July 79 14 13 40 50 9234 92 93 18 99 34 79 8534 Jan. 6 9054 9 10454 10033 June 78 July 31 8734 9734 Feb. 11 9634 July 18 100 95 7 9234 Apr. 1834 July June 15 90 20 July 30 30 May 25 May 26 May 19 Feb. 6 May 27 June 12 Feb. Feb. 27 5 Apr. 28 Mar. 26 Mar. 24 3 June 13 9 Jan. 8 Apr. 13 8 Apr. 13 7834 July 60 June July 90 7 27 9434 Jan. 19 10034 Mar. 19 8434 Feb. June 81 Jan. 45 July July 9434 July 53 July 8954 July 88 9834 July 82 34 June July 7734 June 87 July 6934 June 85 21 8934 Feb. 79 4954 July 93 July 58 62 89 67 Jan. 23 Jan. 27 9954 Jan. 21 97 15 14 27 9434 88 54 Sale 9 June 23 97 Feb. 10034 Feb. 6534 July 65 Mar. 11 June 1 8 99 10134 Feb. 5 ----- 5 Mar. 24 100 9$ 54 80 7 Ma,. 103 9734 July 10054 July 65 "60 " 13 May 29 102 86 99.54 17 Q 27 Jan. Feb. Jan. Jan. 92 8834 July 1 .... May 20 9534 May 20 10054 Feb. 89 Jan. 9834 Jan. 101 July July 6454 July ..... 23 9834 Feb. 9034 Apr. 9834 July 93 6834 6534 23 85 July 20 May 14 Apr. 30 96 June 10 Apr. 27 111 9134 Mar. 27 9334 May 12 104 Jan. 5 108 May 12 95 103 34 July "1$ 88 8734 Jan. 2 108 10054 July 10154 Apr. 10134 July 96 July 93 July | 99 4" 84 July 10054 July 106 July Sale 10334 Apr. 18 9 3 100 54 Mar. 24 10334 May 28 10734 99 June 4 10134 June 2 9034 83 May 13 86 9634 Apr. 13 101 102 May 18 10654 10154 May 19 105 10354 July lOOM July 6834 50 Jan. 17 24 May 10434 10534 10234 July 53 9434 80M 9434 May 22 9234 9934 8154 10254 9834 9454 93 24 87 9754 July 99 July 93 July 10154 July 10234 July 9654 July 101 July 57 July 95 July 8M 66 ..... 103 27 7 14 6 11 93 Last sale Sale 9634 Feb. 18 July " July 81 July 9454 July 9834 July 9334 July 10034 10254 10134 10234 102 Sale 81 78 8434 78 10034 97 9734 9634 July , 9634 91 93 95 9234 9234 July 99 Feb. 8334 Mar. 21 10 93 89 83 27 17 18 21 4734 June 20 9 July 14 6 10634 July 9834 75 24 Jan. IV* 37 65 82 rA 21 19 19 Feb. 18 Mar. 17 Feb. 9934 50 54 8834 Sale 50 8754 July 50 87 May 1 July 3 Apr. 24 Jan. 6534 Jan. 92 Jan. 4 1{&X .....1975 M 8 1st 8c ret 5s series F...... 1977 M 8 1st & ref g 5s ser G ....1978 MN -.1949 M N 8 July 90 5 85 90 23 July 9754 July 99 July 93 July 10154 July 10134 July 9534 July 101 July 5234 July 95 July 9754 98 9934 100 .... 12,000 11,000 16,000 121,000 9634 July Jan. July 28 10234 Feb. 13 Jan. 10 7434 July 31 96 9154 Jan. 7 9154 Jan. 7 102 Sale 10 21 15 84 July 8034 July 100 98 "30" 20 89 98 10054 10234 103 9554 Sale 10234 10054 101J4 ITA 8434 Feb. 85 72 k July 54 July 9 July 9834 July Sale 10254 July July 1.0534 104 97 10034 10234 8534 89 101 34 102 34 98 Ref 8c ext 5s series A 69 78 78 93 7834 July 20 7834 July 21 6734 July 10 July 10534 104 10034 101 9934 July 93 Sale "67"" 25 O 1934 M N Temp ctfs of deposit....... g8- 100 10034 Sale 9934 Sale 9534 10034 10454 10234 Sale 863 D 334s..l941 J gold 5s J 67 98 5534 Sale 9534 9934 102 8634 "9334 9634 1931 MN 1979 J of N J 1st ext 5s 1940 A Mil Ac Nor 1st ext 434s (1880).....1934 J "5",000 98 June July Feb. 8234 95 94 10334 10434 106 10434 Sale 10034 Sale 9234 O 95 101 96 2003 A 2003 A O 1st Ac ref 434s series C 2003 A O Paducah Ac Mem Div 4s.......1946 F A St Louie DIy 2d gold 3s 1980 M 8 Mob At Montg 1st g 434*.......1945 M S 10154 61 100 34 53,000 7,000 Midland 6,000 60 8 1931 MN Ref Ac Imp 434s series C 26.660 J 8 1940 J ........... Coll trust gold 5s 1st At ref 534* series A 1st At ref 5s series B Mahon Coal RR 1st 5s 10,000 1,000 11,000 4,000 J 9934 9334 9934 10034 N 9354 101.34 85 Sale Prices. 7834 Mar. 26 8534 Mar. 6 94 Sale 85 99 Sale D 1937 M N Unified gold 4s Registered 15",000 1. Apr. Jan. Apr. 8934 June 9034 July 6034 July 8934 July 31 11334 109 11034 109 9234 9234 106 107"" 105 10634 106 8 30 89 9334 104 9734 Sale Prices. 7534 8254 7534 7534 8034 103 9034 / 2,000 175.000 JAN. Highest. 9034 July 24 2 103 234 July 9634 July 109 95 23 8554 July 4934 July 72 July 7654 July 66 July 60 July 51 July 9 July 7834 Sale 8834 89 9734 Sale 9334 10534 Sale 103 104 10554 103 10434 24 July 28 7434 July 31 8834 July 9034 July Sale 94 8034 July 30 Sale 92 10434 Sale 10034 87 5 ,v. Prices. 7754 July 84 73 86 ..... 2003 MN 50,000 Leh Vail RR gen con 5s series 8,000 Leh V Ter Ry 1st gu g 5s Lehigh Ac N Y 1st gu g 4s... 13,000 Lex At Bast 1st gu 5s.... 5534 80 9 86 10334 434* m 82 9 J 85 ...... Sale MH Sale 84 July 7634 July 9534 9634 July 7434 10234 105 10254 July Sale 9734 Sale 9334 100 cons SINCE Lowest. July 82 July 7634 July - 334 Sale 98 9634 93 1941 At Mich Sou g 334*...1997 4,000 Leh Vail Harbor Term 1st 5s....1954 4,000 Leh V (N Y) 1st gu g 434* 1940 7734 7734 6734 84 74% Sale 94 9834 7534 !I* Sale Prices. July 9034 July 80 10234 103 10234 5234 103 cons 98 7234 1954 1734 102 Registered.... 94 73 9354 Sale 9154 Sale 1961 J Leh Val (Pa) gen con g 4s 83 75 1937 B Ac W 1st gold 5e 2nd gold 5s Registered "14,666 Sale 8634 1961 10,000 Lake Sale J O 134,000 Kan City Term 1st 4s...........I960 2,000 Kentucky Central g 4s ....1987 Gen 9154 O ....1936 A Kentucky Ac Ind Term 434* Stamped.... 4 8 D Kal Alleghan Ac G R 1st gu g 5s.. 1938 J 1st gu g 4s 1990 A Ref Ac Imp 5s — — mtm.mm.mm 1952 1st Ac ref 4s... 2l",000 91 9534 10334 10334 Sale 80 Sale 37 64 J4 6734 65 6034 Certificates of deposit 18.000 — 7934 "8654 1965 1st mtge gold 5s series B 1st gold 5s series C 53,000 Lake Shore "7734 7134 88 9134 4,000 Kanawha Ac Mich 179,000 76 93 Adj mtge 6s series A__July 1 1952 162,000 K C Ft S Ac M ref g 4s 85,000 Kan City South 1st g 3s 7,000 IIP. 80 34 1963 4,000 James Franklin Ac Clearf 1st 4s..1959 J ----- 84 9034 Highest. 76 78 1963 1950 Ind Union gen Ac ref 5s A... Gen & ref guar 5s ser B Internat & Gt Nor 1st 6s 98.000 Ask. 77 81 94,000 Int Rys of Cent Amer 1st 5s ....1972 1st col trust 6a 30,000 ..........1941 First lien Ac ref 634* 30,000 1947 6,000 Iowa Cent 1st gold 5s 1938 ---- Bid. 82 Indianapolis & Louiby 1st gu 4s.1956 12",666 RANGE Lowest. ...... Ill Cent Ac Chic St L Ac N O— Joint 1st Ac ref 5s ser A 61,000 58,000 Ask Bid. 73! 8334 85" "90 34 1951 July 31. 73 3 -.1951 Registered Ind Bloomington Ac W 1st 4S....1940 2,000 July 1. 75 1953 26,566 171,000 41,000 PRICES IN JULY. j 1931. 1951 Omaha Di? 1st g 3s ...--.1951 St Lou DIt & Term g 3s ......1951 Gold 334s 1951 6,000 21 Jan. 2 Nil. Bid. 4,000 18,000 2,000 EXCHANGE-BONDS 9634 9354 "95" 97 96 Sale 9434 Sale 84 Sale 82 85 90 7934 Sale 8734 88 6334 Sale 8634 Sale 85 8634 Sale 77 9054 87 8934 7834 Sale 87 5934 Sale Sale 8234 Sale 81 84 76 Sale Sale 86 Sale 82 853 953 Sale 8134 Sale 9534 95 96 Sale 90 88 80 9434 July 82 87 July July 31 31 3 85 8854 July July 7834 July 15 82 8454 July 5934 July 82 July 82 July 24 31 31 8954 6534 8834 8854 July July 15 15 31 8134 July 31 75 82 July July July July 82 July 8834 July 8854 July 1 10354 Jan. 92 Mar. 3 98 Mar. 3 95 Feb. 3 80 June 100 Jan. 54 June 75 Jan. 7634 June 7534 June 9934 Jan. 13 21 16 10 7 2C 7 99 Jan. 9 June 101 Jan. 24 7634 June 7634 June 9534 Apr. 99 Jan. 8 59 9554 Feb. 21 99 Feb. 28 „ 95 9934 96 9934 88 8034 81 July 24 81 Apr. 28 8854 Mar. 11 Mar. 28 July 24 179 92 Jan. 16 Mar. 28 88 Mar. 30 97 EXCHANGE-BONDS N. Y. STOCK si EXCHANGE. N* T. STOCK Jan. 2 ® * 1938 gold 4a F A Refunding & Improv't 4%s M S Sec M S 1947 ...1977 1938 Mohawk Ac Mai lat gu g 4a... 1991 Mont Cent lat gu g 4a 1937 1st guar gold 5s ...1937 Morris Ac Essex 1st gu 3%« 2000 38, 2, 13, 57: 5% notes B Constr M4H<ser recta No Assent cash warr Guar 4s Apr 19" Assent 1914 coupon warr Nat RR Mex prior 93 X A 95 S _?5.. 104 104 101 A 2h 4h 2% 2h 4h 2 Not 4 on 5% 7 2% 1954 1945 1945 RR cons 5a... Cons guar 4s New England J J 2% 4 81% 93H 105 J J 87 M N 11 20 93 85 95% 80 76% 90% Sale 4 4% 2 3 69% July 93 Sale 92} 70 80 70% 69% 1st 4%s series D........... 1956 First 5%a series A .....1954 82 93 65 70 59 69% 97 % 98 79 Sale 74% 77 1, 103, 300, 664, 884, 302, Ref At Impt 4H> series When issued.. 1935 1998 2013 A .... 2013 Ref At impt 5a series C 1997 1997 .......1934 30-year deb 4s of 1912 1942 Lake Shore coll g 3%s 1998 Registered.. ............... 1998 Mich Cont coll g 3Ha 1998 Registered..... 1998 172, N Y C At H R g mtge 188" Registered Debenture gold 4a 6, 38, "3" 3%a F A A O A O A O J J J J J A O A O A O 125, N Y Chic Ac St Louts 6% gold notes 1932 Refunding 5 Ha series A 1974 A O Refunding 4H> series C 1978 M S N Y Connecting 1st gu 4Ha A...1953 F A 188, 790, 5, ... .... .... B............1953 1947 4%a..1933 N Y At Greenw L guar g 5a.. 1947 N Y At Harlem g 3Ha 2000 *N Y Lack At West lat 5a A 1973 1st Ac ref guar 4Ha Ser B.....1973 NY At Jersey lat 5a 1932 1st gtd 5s series N Y Ac Erie 1st ext g 4s 3d ext gold 1, 11, N Y At Long 1941 M N Y At N E Boston 1939 M Non-cony debenture 4a.....—1947 3%a—...1947 Non-conv debenture 3H* 1954 Non-conv debenture 4a....—.1955 Non-conv debenture 4s.......1956 Convertible debenture 3 %a—1956 Convertible debenture 6s.....1948 M Non-conv debenture A N 1, "5" 3, 51, 12, 150, 6, • 168, 9, 492, 1, 245, 49, Branch gen 4a Ter lat 4a Y New Haven Ac Hartford— 1st Ac ref 4H« 8er 70 81 M N 80% J J A O A O 95 A O 4a ..1998 J 1st ref g 5a——1937 1937 ———1940 90 51 N Y Weatches Ac Boa J F A F A ...1943 1st 4%a 1946 MN .....1950 A O Terminal lat gold 5a Nord Rya extl a f 6H« Norfolk South 1st Ac ref J J 1961 5a A F A 2 Norfolk Ac South 1st g MN 5 Norfolk Ac Western impt At ext F 6 301 1 14 3 5a.....—1941 g 6s 1934 New River 1st gold 6a————1932 Norfolk Ac West Ry lat con g 4a...1996 A 1 293 27 135 35 470 23 22 4 Northern Pacific prior 5 J J J J J 6a..—..1933 J J A O J J Calif guar 5s 1938 Ogden At Lake Ch 1st guar g 4a..1948 Ohio Connecting Ry 12 21 26 16 174, 15, 6 1, J Q J Q F Q F J Northern Ry of 1st 4s...—1943 J J M S 5a. —1946 Pacific RR of Mo 1st ext 4s 1938 3d extended gold 5a........—1938 Pacific Coast Co 1st g 5a c 73 83 Sale 74 85% Sale 86% 78% Sale Sale 95% 59 33 51 93 H 94 69 83 76 58 53% 98% 50 Sale 106% 85 Sale 94. 68 Sale Sale July July Sale 78 70 91% 92% 74% 40% 94 July 52% Sale - — 65% ----- 79 94 H 161" 102" Sale I 108 109 1 108 —— 92 % J D F A J J Sale 50 93 96% 99 30 87 1 80 July July 16 117% July 2 115 July 8 7 100% 98% 99% 106% 103% 103% 60% July 52 July 1 July 1 77% July 11 94 74% July 21 70 54% 100% 51% July 13 Sale 74 Sale 100 ..... 100 Sale 53% July 1 83% July 10 July July 11 28 108 30 74 July 104% July 102% July 99 July 97% July 99% July 98% July 74 July 104% July 102% July 100% July 97% July 100% July 98% July 103% July 80 July 2 103% July July 20 80 - 80 Sale 93% Sale 93 Sale 95% 68% Sale July 94% July 68% July 96 93% July 93% July 67 July 63 95% 110% 104% 103% July July July July 108 July 69 July 1 16 103% July 28 93 July 109% July 99% July 95 July 100% 100 103 103% 107% July 105% 107% 110 104% 104 "95% 94 Sale 77% 104% 101% 103 Sale 95% 93% 68% 64% 1 29 81% July Sale 105 July 106 20% 29% 20% July 90 66 94 100 81% Sale Sale 103 111H Sale 100% 102% 101 % 102% 105 n; 105 50 74 99 Sale Sale 95% 98 % 56 52 Sale 95% 99% 98% 106% 80% July 85% July Sale 26 102 87% July 10 58 104% 98% 96% 30 July July July July July 80% 85% 87% 85% 86% 80 78% 115% 114% 81 51 Sale 83 87% July 85 Sale Sale 91% Sale 3 7 115 July 105% July 31 105% July 105% Sale 75% July 72% July 20 72% 69% 94% July 92% July 31 92% Sale 6 95% July 95% July 95% Sale Sale 93 Sale Sale 75 102 H .115 92% 110 Sale loo"* Sale 103% Sale 99% Sale 69 Sale 97 100 60 70 67% July 27 97 103 103 1936 General gold 5a... 1937 Oregon RR Ac Nav con g 4a 1946 Oregon Short Line 1st con g 5a.. 1946 Guaranteed con 5a » .....1946 Oregon-Wash 1st At ref 4e.———19ol Ohio River RR 1st g 79% 3 3 July 2 7 102 3 101% July 30 July 101% 101% July 87% 83% 79% 85% 85% 78% 85 80% 91% 1997 Gen lien ry At Id gt 3a Jan 2047 Registered Jan 2047 Ref Ac Impt 4%a Series A.....2047 Ref At Impt 6a Series B.......2047 Ref Ac Impt 5s Series G.......2047 Ref Ac Impt 5s Series D—.....2047 North Pac Terminal 1st 87% 83% 82% 36 17 92% 91% 92% 105 96 lien 4s—1997 Q Registered 105% 101 101% 102 103 % 100 % 102% ref 5s A 1974 Gen At ref 4Hs series A atpd—1974 Northern Ohio 1st guar g 5s 1945 North Cent gen Ac "l" 102 99% 99 .1941 4s 50 101 % 97 H Registered.................1996 Div 1st At gen g 4s 1944 Pocahontas C At C Joint 91% 84% July 17 95 85 ♦See Note B elow 102 104% 102 85% Sale 40 % July .... 80 94% 105% 73% 30 4s......1942 D July 8 102% July 24 July 25 101% July 17 83% July 6 July 7 100 99% 104% 105 70% 72 91% Sale 88 88H D gold 4%a_... 67 Sale J General gold 5s 81 Sale 117 M S N Y Suaq At West 243 70 MN 1955 N Y At Putnam 1st con guar Sale 78 114% Sale 4a...June 1992 18 90% 95H 88 MN 15" Sale Sale 102% 103% 101% 102 102 105% 103 % 94% 94% Sale Sale 64% J General 4s Second 98% July 92% July 81 July 103% July 1954 N Y Prov Ac Boston gen "9 31 100% July 28 86% July 81 July 66 July 102% July 1967 of 1927 lat 4a Harlem R Ac Pt Chea N Y Ont At West 1st g 98% July Sale J 1940 -—1957 Debenture 4s Sale A Registered Collateral trust 6a... 6 July 86% 91 J 85 27 98% 86 J July Eg 105% July 95% 95 100H 100H 101 J 96 Sale 99% 100% 79 J Sale 97% 88 A Sale 96 104% MN F 7 July 82% July July 100 101% July 107% July July 95 July July 65 96h ----- MN July 75 80 104 105 % 92 H M N 2 3 86% Sale 102 M N 76% July 93% July 74 83 76 90 S 18 82 82 Sale 101 % 103 A F M 93% 95% 82% 101% 100% 85 99 % M N 91% July 3 July 74 July 100 July 101% July 105% July 93 July 96 July 95 July 104 July 65 84% 86H Sale 96H 98> J 20 83 83 Sale 85 85%' 83% 101% 102% 100% Sale 98 101 99% 81 83% 82 82 83% 76 84% 77% 82% 84% 81 83% 84% 85% 77% 84 76 84 85 309" Registered 104 Sale 75 100 % M N 1937 lat g 4s 106 % Sale Sale July 4 83 100 101% 105% 105% 93% Sale 97% Sale 97% Sale 106 % 107 Sale 95 102 % Sale M N 75 100 97% 85 86 100 3 76% July 90 July 88 1945 5s...1935 July 86% 70% 98 93 100 Npt & Cin B gen gu g 4%s N Y At Bklyn at M B cona g N Y Cent RR conv deb 6s Consol 48 series A 91 90 88 N 1953 O Tex Ac Mex non cum Inc 5a .1935 First 5s series B 1954 1st mtge gold 5s series C 1956 14" 20 90% New Orleans Term 1st 4a... 121, 1, July 90 N JT June R gu 1st 4s...........1986 N O Ac N East ref 4 Ha A 1952 42, "69% 4 85% 76.% "i" 35" 2" "July 13 '1% July" 13 85% 103% 101% 103% 91% 92 92 89% 3 14 2% July 3 2% 1% 86 10 101% July 21 July "2% 101 10 8 27 2 88 11 14 23 94% July 93% July 31 93% Sale 104% 104% 104% July 27 104% July O A on Q'l 108% July 104 July 83% July 83% Sale July 106 107% 107% 108% 107 100% July 100% Sale 101% Sale 104 Sale July July 108% July July 104 84% July July 107 56 Sale" 84% cons Naugatuck RR 1st g 4s..... "7" 53 93 108% 110 gold 4s 1951 Assenting cash warr rect No 4 on First 93% 1926 lien g 4%s Assent cash warr rect 2, 47 54 QQ 104 106% 49% July 48% 51 108% Sale 101 July July July 40 64 93 105"" Sale" Sale Sale 54 102H 104H Prices. Prices. Q9 J 85 Highest. Sale 42 J 1957 3 on 1977 5 No receipt 96% 95 D MN National Ry of Mexico— Prior Hen 50-year a f 4%a 18" 90 J Nashville Chat & St L lat 4a 1978 F Nash Fla At Sheff 1st gu g 5a....1937 F 34, 10, 90 J J 1 1955 w Ask. Sale M S 1955——... MN Constr M 5s ser Awl 33, 112, 88 ~90% Ask. Bid. Bid. 95 102 M S Montgomery Dlv lat g 5a "~8~, Ask. Lowest. July 31. July 1. 1931. Bid. Mobile 8c Ohio fien PRICES IN JULY. Price P BONDS 103% July' 102% 102% 97 July 3 96% July 97% 96% 97% 6 109% July 108% July 108% 109 108% 109 109% July 28 108% July 108% 109% 109% 6 94% July 95% July 95% Sale 94% Sale 17% Sale 98% 98 101 17% July 19 25 98% July 98% 99% 101% 103% 101% July 1 15 July 98% July 20 8 101% July 16 17 8 Gash sale. ♦ Sale at 103 % itstanding. reported on Mar ch 1 0 was an err or; should h ave been ref. 4%sof 1973. No bonds of th N. Y. STOCK Sales in July BONDS Value. N. Y. STOCK EXCHANQE. ........ Ask. 95 H 104% 104H 106% Sale 102 H Sale Ask. Bid. Bid. ~97k ~98k 97 H 98% 104k 105% 103 H Sale 109% Sale 108% Sale Lowest. Ask. 101H 101k 104% Sale" 103% Sale 106% 104% Sale 103 % Sale" 102% Sale 84 70 101 95 89 July 31. 1964 MN 1970 A 77 100 k July 77 July 80 98 % 101k l6l 98 101% Sale 98 % 99% 99 k 106 Sale 105 104 k Sale 100 % Sale 101 100 k 108 % Sale 107 H 109 108 110 109 H Sale Sale 109 k Sale 98 % 98 97% 104 104% Sale 94 k Sale Sale 104 O Sale 1981 AO Sale 96 Guar 314s coll tr reg ctfa aer A.1937 M S Guar 3Hi coll tr ctfa ser B 1941 F A Guar g 314s tr ctfa series C...1942 J D 89,000 18,000 Penn Ohio 8c Detroit RR— lat Ac ref gold 414a aeries A...-1977 Peoria A: East 1st cons 4a... Income 4s (flat) Sale 94 k %s ser A—1940iA O 1942 A O g-__..-1942lM N guar g........1945 MN E guar g 1949 F A guar g 1953 J D guar g_. ...1957 MN guar g_.... 1960 F A I guar g. .....1963 F A Sale 95% Sale Pitta McK At Yough lat guar 6s.. .1932 2d guar 6s 1934 Pitts Shen Ac L E 1st g 5s 1940 A First consol gold 5s Pitta Va Ac Char 1st guar 4s Pitta Ac West Va 1st 414s ser A 1st M 414s ser B 76,000 2,000 3,000 2,000 "2" 660 151,001 484,000 1,339,000 99 % deb 4a Jersey Cen coll g 4a Gen At ref 414a D .1959 A O 1957 M N 1951 A 1997 Gen Ac ref 414s series B .1997 Rensselaer At Saratoga 1st gu 6a. 1941 Richmond At Mecklenburg 1st 4s. 1948 Richmond Term Ry lat guar 5s_. 1952 Rio Grande June 1st guar g 5s.. 1939 J 96 ..... 103 101 108% 168 % Sale 101 Sale con 155",656 "5", 606 "2",660 30,000 24,000 75H Sale J 102 Sale "2",606 8 J J O Prior lien 5a aeries B.........1950 J St Louis Southern 1st guar g 4s. 1931 M S St. Louis Southwest lat g 4a 1989 MN 2d gold 4a income bond..Nov 1989 J J Consol gold 4s .....1932 J D "15",606 109,000 4,000 J F A St Paul Ac Duluth lat 5a 1931 F A 1st consol gold 4s. ........1968 J D St Paul E Grand Trunk J 4%s 1947 J St Paul Minn At Man cons 4a....1933 J .... 1933 J 6s reduced to gold 4 Hs... 1933 J Montana Ext 1st gold 4s Sav Fla At West 1st g 6s... 1st g 5s Sclo Vail Ac N E 1st guar g 4s "15,666 --- 100 ....1937 J Apr. July May Apr. 102 July 101k July Feb. Jan. ioiI 101 23 29 103 k July 7 23 29 109 2 10 Mar. 6 5 20 Mar. 20 Apr. 28 Jan. 16 Jan. 26 Jan. 21 101k 100k July 109k Feb. 104k July 25 Jan. 102k Apr. 11 103 14 18 16 7 Apr. 11 May 25 May 2 16 103 2 102 13 23 98% June 9 97% Apr. 2 101 k May 5 98 k July 23 Feb. 105 100k Feb. 105 May 108 110 Jan. 110? 102? Jan. Mar. 19 1 21 26 21 6 17 102 k July 17 102k Apr. 20 103 Apr. 20 Mar. 18 103k Feb. 10 104 101 Jan. 7 103% June 17 Last sale 100% Aug. '29 98 k June 26 98% June 26 93 Feb. 13 95k Mar. 23 July July 8 11 91 June 19 95k Mar. 86 1 July 95% Mar. 92 k June 5 92% Jan. 105 k Apr. 30 105% June 68 k June 75 2 Feb. 87k Feb. 6 91 June 95 Jan. 31 98 Jan. 100 Apr. 14 103% Jan. 100k Apr. 10 103 Jan. 92 92 89 86 July July 8 1 92 89 100k July 100 k July 24 102 ... June July 99k July 101 Sale 101H 102 101% 101% 100k 101 74 % 30 102 k July 20 17 7 91 103 k 105 k 95 k June Feb. May Jan. Feb. 13 July Fob. 107 k June 22 101% 17 24 88 97k Apr. 98 k July 98 k July 103 Apr. July 109 k July 101k July ?f 96k 99 102 94 94 k July 102k Jan. June June 95k Jan. 98 k July 98 k July 110k July 20 97k 93 k 97 k 5 2 102k Mar. Jan. July 15 100 6 86 k July 79 k 85k July 21 90 3 79 July 97 100k July 23 109 1 109 July 104k July 18 103 July 28 21k July 24 102k 98 99 k 94 im 90 94 Apr. 17 90k Mar. 13 90 H June 8 89k Feb. 13 98k Mar. 75 July 71k July .... 2 Jan. 6 Feb. 7 109k Feb. 7 102 k Apr. 29 105k Jan. 23 90 k June 2 99 k Jan. 24 94k Apr. 10 98 May 9 Jan. 97 1 July 29 cl02kJuly Sale 88% 82 90 71 99k Apr. Jan. 19 25 5 10 17 9 7 23 21 74k 101k— 101% 97 98 k 88 &&y>i H 92% J 98 Feb. 25 100 Apr. 20 Feb. 21 2 % June 2 Last sale 7k Apr. '28 90 Apr. 17 97 Mar. 7 78k July 16 86k Mar. 4 78 k July 1 16 90 90 Sale 89 k July 65 July 15 72 80 78 92 80 July July July 27 74 k July 80 July 14 ' 92 k July 1 87 k June July 99 k Sale 99 k July 31 99 k July 31 98% Sale 97 Sale 96k Sale 96k July 29 97 k July 7 88 87 68 Sale 64 Sale 52 Sale Sale July 31 51k July 30 72 57 k 3 3 40 79 75 Sale 75 82 k July 3 14 104k July 29 102 k June 99 June 108% Mar. 3 71k June 87% Mar. 78" Feb. 100 Feb. 97 Jan. 98 Jan. 100 Feb. 93% July Sale 79% Sale 100 H Sale 100 104 84% 99 % 90 k 78 93% 94 93 93 90 64 July 102 k July "85" 74k July 79, Sale 76 93 60 94% Sale 84 100 31 14 63 July July 79% July 83 July July July July 68 k July 88 July 3 3 17 96 98H 103% 105 100% 102 93 k July Sale 100k 101k 44% June July 84 108% 110 93 Sale 93 k July 31 89 Jan. 98 J 105 July 102k July Jan. Jan. 5 102 104k 103 k July 102 100 July 15 17 22 99 k July 7 Jan. 2 111k July 93 k July 8 111k July 1 95 July 14 10 104 k July 1 104k July 1 99k 99k 99k 94k 93k 111k 112 111k 112 93 k Sale 94 k Sale 102% 103 H 102 103% 104k Sale 1934 A O 100% 1989 MN 94 40 H 99 k July 6 45 46 % Sale 4% 103] 100 * Sale 11% J 96 A O Sale 8 Sale D 8 103 Sale M N Sale 94% 50 "36k 15 14 44 13 13 16k 54 « 109 116% 93 99 k 103 k 92 k 94 92 k 90 k Sale Sale July July 7 July 92 July 109k July 92k Sale Sale 94 5 12 k July 35 July 9k 9k "96" July July July 16 July 13 July 16 July 16 k July 55 July 10 July 34 13 k July Sale Sale 85 102 50 July 27 July 3 k July 16 _ 97 93 22 105k 3 102 k July Apr. 30 100 Jan. 3 99% Sale" 92 99 July July 103 k July 92 k July 14 7 14 11 3 1 1 3 10 3 92 k July 24 109 k July 93 July 10 1 11 3 6 100 k July 103 k July 97 k July Sale Sale 92 k July 96k July Sale Sale 93 k July 95 Sale 90k July 95 July 96k July 11 3 21 6 23 96 3 June 20 June 10 17 18 20 26 5 31 3 Apr, 4 July 22 Apr. 30 July 7 May 29 109k Jan. 5 112 June 16 3 91k June 96% Jan. 21 102 k Apr. 28 105 k May 9 104 Jan. 100 k Jan. 94 Jan. loo" 5 Sale 15% Sale 93 95k 30k 30k 5 k 17 D 101k 102 97 Mar. 100k July 31 Mar. 100% Jan. 100 52 June 60 k May 100 Sale 2 100k July 100 103 k June May 28 Apr. 6 50 % June 2 89% Jan. 6 June 2 86 Jan. 24 69k Mar. 30 69% Mar. 30 60 k June 1 102 Jan. 5 100 89 O Gold 4%s 1981 MN San Francisco Term 1st 4a....1950 A O Apr. 9 Mar. 30 Mar. 9 98 103 ---- M S July 74 k July 100 93 J 3 101k 15 75 92 6 97% Apr. 13 93 95 May 18 101 99% July 31 103 65 90 93 % 97 J M 95 k July Sale 92 87 n 100 J J M 94 k July 95k 78B Sale 6 27 D J cons 92% Sale 60 Seaboard Ac Roanoke 1st 5s extd.1931 South Ac Nor Ala cons guar 5s 1936 . 108" 109 103 7 3 20 13 July 98 yx July yo 103 k July 27 28 31 May 25 24 Jan. 8 4 7 111k Jan. 92 July 8 13 107 k June 100 22 99 Sale Cash sale. 75 V 29 21 107k June 17 105 Mar. 23 97 Apr. 10 101k July 16 101k July Feb. 10 100k July 103 90 Sale Prices. 11 101k Apr. 15 106 k Jan, 104k July 8 107 k Jan. 100 Apr. 10 105 Jan. 22 71k July 80 A c 24 95 k July 92 H Sale 1934 A 11", 000 guar 50-year 5s 1963 32,000 Sou Pac Co 4s Cent Pac coll Aug. '49 1st 4H* (Oregon Lines) ser A..1977 349,000 Convertible 5s__....._ 29,000 1934 Gold 4% 8 239,000 1968 Gold 4%s w I 483,000 May 11969 1,753,000 31,000 Sale Prices. 98 Sale 80 H 1935 Gen ---- Sale 80 102% J 2,000 Seaboard Air Line 1st g 4s 1950 A O 2,000 Stamped 1950 A O 4,000 Adjustment 5s Oct 1949 F A 134,000 Refunding g 4s 1959 A O 10,000 Certificates of deposit 1st At cons 6s series A........1945 M S 274,000 Certificates of deposit.. 14,000 Atlan-Blrm Dlv 1st g 4s 12,000 May 1933 M 8 42,000 Seaboard-All Fla 1st 6s A 1935 F A Series B 70% 89% 94k July 109 H J J ..... Pacific Ext sterling guar 4a... 1940 St Paul Union Depot 1st 5s 1972 San Ant At Aran Pass 1st guar 4s.1943 Santa Fe Presc Ac Phenlx 1st 5a..1942 1. 2 River At Gulf Dlv 1st g 4s 1933 MN St Louis-San Francisco Ry — Prior lien 4s series A J 1950 J Con M 4%s aeries A —1978 M 8 ... 97k 85 85 97 96 91 St Jos At Grand Island 1st g 4s..1947 J St Lavrr At Adirondack 1st g 5s..1996 J 2d gold 6a ...1996 A St Louis Iron Mtn Ac South- Registered... — - 94 105% M N Rock Ial'd Ark At Louis 1st 4%s_.1934 M Rutland-Canadian lat guar g 4a.1949 J Rutland 1st cons g 434s.. ......1941 J 1st consol gold 6s 103 k Sale J At coll trust 4s series A. 1949 1st terminal At unif 5s 26,000 1952 47,000 St Paul At K C Short L lat 4Ha... 1941 103 k QQ < July July 108 k July 108 k July 99 k 104k 86 66 109 108 k .... Sale 92 102 108k —- 92 94 75 80 103 % 104 104k —- 90 95 102 25,000 St Louis Peoria At N W 1st gu 5s.l948 J 5l",006 103 k 103% 99; 94 Registered................... 184",606 83 102 k 103 92 H 77 J 99 79k 19k 98 M 103% 104% 103 % 104 % 108 % 109 108 109% 100 % Sale 97 8 J JAN. Highest. 100k Feb. 102 k July 104 July 100 k July 76 k June 97 k Mar. 97 k Mar. 99 94 H 92 Rio Grande Southern lat g 4a... 1940 Guar (Jan 1922 coupon) 1940 Rio Grande Western lat g 4s 1939 1st Prices. 10 97 k July 1 102k July 101H 103 % 101% 101k July 101% 102 % 101k 102k 101k July 101 % 102 % 101k 102k 99 99 k 93 k 95k 104?? .wi. O M N Sale 98M 101 1943 MN Sale 98 % 101 .1958 J J 102% 97 k July 100 k July 2 July July July Sale 87 86 k July 100 100k July 109 k 109 July 101k 103 k 103 July 23 23 July 102 102 k July 25 101 J Providence Terminal 1st 4a..... 1956 M Read Co Sale 97 ..... 92 k July Sale" 90 80 Sale 102% 104 O .1943 J W4- Sale Sale Sale 101% 103 % 104 1st mtge 414s series C .1960 A O Pitts Y At Ash 1st gen 4s aer A.. 1948 J D 1st gen 5a series B 1962 F A 4,000 Providence Securities 17,000 55.000 ... 98 Sale Sale 95 J 100 "23 " Sale Con 4s series D Con 314a series Con 414s series Con 414s series J guar........1964 M N Gen guar 5s series A........ 1970 J D General g 5a ser B 1975 A O —- 70 81?* 19? 12k 103 ? 103 k Sale 108% 98 9,000 118,000 116,000 103 H 94 100 H 95 H Con 414* series C guar General 414s series C.........1977 J 55", 606 D Con 4%s series B guar g_. 302,000 1,000 56.000 J P C C 8c St L guar g 4 40,000 July July July July July July July Sale 104k July 107 July 104 July 80 July 101 ? July 101 July 6100 July 8 106 k July 22 102 k July 2 109k July 1 110 k July 103k July 1 100 k July 27 94k July 31 96k July 6 95 July 29 96 k July 11 95k 93k 91k 90k 94 k 98 101k Sale 96 100 82 % "97" 3,000 Philippine Ry 1st 30-yr a f 4a... 1937 J 1,000 Pine Creek registered guar 6s...1932 J 11",666 100 % 91 1st g 414s ser C w 1 1980 Phlla Bait & Wash lat g 4s 1943 M.N General 5a Series B .....1974 F A 7,000 Gen g 414a series C-. J 1977 J 5,000 2,000 1,000 94% Sale 80 224,000 2,000 3,000 Con 4s series F Con 4s series G Con 48 series H 94 % 92%' 91k 90k 100H 102 1940 1990 "i",66o Peoria Ac Pekln Un 1st 514a A...1974 167,000 Pere Marq lat 5s Series A.......1956 16,000 1st 4s Series B .............1956 4,000 1,000 89% 89 % Guar g 314s tr ctfa series D...1944 J D 40-year guar tr ctfa 4a Ser E..1952 MN Secured gold 414a. .........1963 MN 5,000 321,000 Sale Prices. 102 k July 104 July Pennsylvania Co— 4,000 SINCE Lowest. Highest. | ... 40-year 5a Debenture gold 4%s General 414a series D 1,073,000 July 1. 1931. . ..... RANGE Jan. 2 >»(&« Bid. 127",000 23 PRICES IN JULY. Price li Paducah Ac Illinola 1st ■ f 4%s._1955 j J 501,000 ParU-Lyons-Med RR 6a 1958 F A 167,000 Sinking fund extl 7a ...1958 M S 158,000 Parla-Orleana RRExt a f 5%s 1968 M 8 3,000 Paullata Ry lat Ac ref 7a.... 1943 M S 6,000 Penn RR conaol gold 4a........1943 MN 65,000 Consol gold 4s 1948 M N 102,000 Stamped dollar bonda ....1948 M N 93,000 Consol 4%s issue of 1915 1960 F A 324,000 General 4%s Series A 1965 J D 57,000 General 5s Series B 1968 J D 269,000 15-year secured 614a--.—1936 F A F A Registered.... 689,000 EXCHANGE—BONDS 30 104% Feb. 5 13 25k May 22 23 June 2 2 \:- Apr. 20 9k June 24 9 May 29 3 9k June 9 May 27 35 July 92 Jan. 54 k Feb. 54% Feb. 8 Jan. 20 k Jan. 15 19 14 6 Mar. 31 6 k Apr. 1 92 July 14 109% Jan. 17 101% Apr. 24 98 k May 27 11* 5 4 12 26 June 24 Jan. 3 June 26 Jan. 14 Jan. 7 Jan. 9 92 X July 24 111k Mar. 27 97 Jan. 23 98 k June Jan. 90 June 102% Jan. 21 103% May 28 99k Jan. 26 88 June 100 85I 92 J June 94% May Apr. 98 102 June 28 8 June 17 *"8 i Sales in July EXCHANGE-BONDS N. Y. STOCK 34 BONDS v n. y. stock Value. MN Calif 1st com 5a......1937 South Pac Coast guar 4s 1937 J j 239,000 South Pac RR 1st ref guar 4a....1955 j Registered ........ J Stamped Federal tax..........1955 1994 j 103,000 Southern Ry 1st cons 5s— So Pac of Regl stered 1994 1,000 Devel 8c gen 4a aeries A....^..1956 501,000 Devel & gen 6s series A.. 1956 100.000 De?el 8c gen 6 %■ aerlea A 1956 181,000 Memphis Div 1st g 5s..—.....1996 1,000 St Louis Dlr 1st g 4s 1951 17,000 East Tenn reorg lien 5s— 1958 5,000 Mobile 8c Ohio coll tr 4s.. 1938 16,000 1,000 Spokane Internet 1st g 5a_...—1955 Staten Isl Ry 1st gu g 4 His '43 Sunbury 8c Lewis 1st g 4a 1936 Ask 104 101 J Sale 110 A 86 % Sale 110H Sale A 115 J 100H 106 87 M S 90% 89 M S J J J D 94% 44 H 40 H 1st M 6s A 1947 A A ...1944 1953 A..1950 F 103 H J 92% 93 % 101% 102 99% 109 Sale Gen ref a t gold 4s 35,000 52,000 Texarkana 8c F S Ry 5%» Aug 1943 Texas 8c Pacific 1st g 5s ..2000 Second g inc 5s (flat) Dec 1 2000 Gen ref 5s ser B 1977 Gen 8c ref 5s aeries C_.... ....1979 Gen 8c ref 5s ser D 1980 Tex Pac—Mo Pac To m 5 %a 1964 Toledo 8c Ohio Car 11st g 5a....1935 Western Dl? la', g 5a..........1935 General gold? a .... ......1935 Tol St L 8c We t 50-yr g 4a -.1950 Tol W Va 8c Ohio 1st guar 4%s B.1933 Texas 8c N O cons g 18,666 56",000 43,000 59,000 17,000 5,000 24,000 1st 2,000 guar! s 5s 99 F J J D 98 % 99 ZZZ'Z- 103" J 101 J D A O 86 J J 98% HI" 102'y 1952 ... ... 1947 J J J J June 2008 18c refunding 4s 1967 70,000 June 2008 10,000 40-year 4s Int rets 1968 293,000 1944 1,000 UNJRR8c Canal Co gen 4s 1,000 Utah 8c Northern 1st ext 4s.....1933 Gold 4%a 1st Hen 8c ref 5a Vandalla consol g 4s A ... Consol 4a Series B 2,000 Vera Crux 8c P Asatg 1st 4%a Virginia Midland general 5s Va 8t Southwest 1st guar 5s First cons 50-year 5s 33,000 209,000 Virginian Ry 1st 5s ser A.. 1st mtge 4%s series B 17,000 76,000 Wabash RR 1st gold 5s Second gold 5s 52,000 Ref 8c gen s f 5Hi ser A. 34,000 T.666 "2,000 2,000 6,000 12,000 74,000 123,000 A O ..1947 Pac RR 8c land gr g 4a Registered 1955 1957 1934 97 94% 61% 60% 61% 84 H 42 "50% 38% 74 74 39 67 Sale D 8 J J F A 91 lOlH MN 102 % 97% 100 79% 105% Sale 100 102% MN 103 1936 MN 2003 1958 J J A O MN Sale Sale F A M 8 m Sale 96% Sale 100 102 83% July 21 95 94 101% 97 101 July 94% July July Jan. Feb. 4 Feb. 95% July 10 106% Feb. 100% Jan. 14 102% Feb. Jan. 107% June 29 113 Mar. 95 Last Sale 3 6 6 July 11 25 92% July 29 18 94% July 20 99 84 J 89 % —. A O 85% M 8 91 F A 94 10,000 Warren RR 1st ref guar 3%a„..2000 ..1948 5,000 Wash Cent Ry 1st g 4s 1945 31,000 Wash Term 1st guar 3Ha--1st 40-year guar 4s ........1945 3,000 ..1952 182,000 West Maryland 1st g 4s First 8c ref 5 %s series A 1977 50,000 1937 11,000 West N Y 8c Pa 1st g 5s General gold 4s....... ...1943 37,000 1946 155,000 Western Pacific 1st 5s ser A 2361 217,000 West Shore 1st 4s guar Registered ........2361 5,000 1966 8,000 Wheel 8c L E Ref 4%• ser A Refunding 5s ser B 1976 Wheel 8c L Erie RR 1st con g 4a..l949 T.ooo 1942 15,000 Wilkes-B 8c East 1st gu g 5s 1938 1,000 Wilmar 8c Sioux Falls 1st 5s_. ... 88 A O 84 92% Sale Sale A O 94% Sale 89 20 Sale 100% July Jan. 98 Sale July 100 July 110% July 92% July 97% July 10 102% July 112% July 3 6 96% Feb. 93% Jan. 99% Jan. F A 91% 91% 77 Q M F A 88% 93% 78% 92% 101j A O J J 91% 91 Sale Sale 93% A O 91 M 8 93 Sale J J 92 Saie J J 90 91% M S 88 90 M S M 8 J D J J 90% 42% Sale 1960 J J 20,000 Winston-Salem S B 1st 4s 1949 J J 63,000 Wisconsin Cent 1st gen g 4s MN Sup 8c Dul Dlr 8t Ter 1st 4s...1936 24,000 J J Worcester 8c Conn Bast Ry 4%8_1943 ■ 87 79% Sale 92% 96% 77% Sale 89% Sale 103% Sale 97 76 %l6/* 88 94% 63 85 90% 96% 78 88% 104 97% 91% 92% 97% 92 101 48% Sale 102% 95% "97" Sale 90% 80 95 73% Sale Sale 100 July 95% 100% 91 28 9 Jan. 12 May 16 106% July 17 July 3 July 103% July 99% July 78% July 10 8 8 July July July 23 81 22 102% July 25 Sale 23 51% 102% 97% 56% 61% 102% July 95 96 Sale 64 56% 58% 90% 74% 90 50 July July 56% July 16 7 26 Jan. 21 Jan. 16 28 5 Jan. Mar. 29 5 Jan. July 25 Jan. 20 Feb. 25 Jan. 20 Jan. 22 Jan. 23 Jan. 9 July 7 89% July 3 93% June 11 97 July 7 78 Jan. May 26 11 84 Jan. June c97 Feb. Jan. 104% June 16 98% July 30 June Jan. June 97 Jan. 6 Apr. July 94% Jan. 23 93 Feb. 25 99% May 12 Jan. 102% 93% 53% 102% 97% 66% Mar. Jan. 90% July July 8 100% Feb. Jan. 77 July July July 89% July 93 July 78 Apr. 23 3 108% Jan. Jan. 4 102 98% Apr. 00% June 5 105 95 June 10 102% 60 May 27 102% 98% Last sale 94% 81 July 23 01 July 22 102% 91 88 Mar. 28 90 82 May 19 92% 90 May 11 56% June 2 96% 55% June 3 89% 58 June 8 96 21 "91% "July "21 July 7 23 75 July 1 31 c69 July 1 31 70 90% July 46 4% 26 103 June 14 90% July 30 97 July 7 97 July 1 81 July Sale 77% July July 9 Sale 88 July 17 90 1 104% July 20 103% July 9 98% July 30 "99" 96% July 1 81 July 8 Sale 76 July July 10 Sale 90% July 27 93 July 27 Sale 88% July 31 2 9 96% July 99% 94% July 102% 50 Feb. June 1 17 May 18 Apr. 28 50 7 Jan. 98 97 July July 113 96 102 July 19 22 23 18 6 10 10 101 May May May June 9 Jan. July July 5 Jan. 102% 99% 98% 102% Feb. 97 65 18 95% June May 25 98 5 7 28 99% July 28 100 July 28 96 2 July July July July July 29 Jan. 95 92% Feb. 97% Mar. 100 July 2% July 28 92 92 "46% 87 60 Feb. 110 94% July 21 99% July 28 91% July 67% July 61 July 62 July 77 77% 92% 89 59% 74% 63 61 a9?** 102 55 79 Sale 100 81 Sale 90% Feb. 90% Jan. 61 May 64% July June 25 81 79 69 Feb. 96 1 2 17 96% Apr. 16 97 Mar. 24 90% Jan. 5 79% Feb. 19 76 Feb. 19 39 97 84 66 94 May 13 88 17 96 19 16 Mar. 12 99% July 1 100% Apr. 27 103% Apr. 100 Feb. 14 100% Mar. 7 May 16 100% Mar. 14 102 July 100% 75 Sale Sale Feb. 102 2% July 28 90% 82 70 4 101 3 107 13 29 9 52 85 81 101 June July July July 59 63 105 105% Sale 105 Sale 100% 100 100% 100% 101 102% 102% 101% 101% Sale 99 Sale 98% 99 Sale 76 76 Sale 76 Sale J Jan. 89 J J 5 100 3 100 65 40 95 Sale 88% June 84% June 71 100% 102% 101 97% Apr. 22 Jan. 22 92 21 Mar. 10 3 102 21 105% Mar. 10 June 11 July July 19 113% Feb. 20 117% Feb. 25 102% July 25 93 Apr. 4 101% July 29 4 96% Apr. 50 July 31 66% July 64% July 39 July 71 2 4 60 Feb. July May 15 102% July 101 96% 96% ---- 98 99 80 35 94% July 30 110% 112% 110% 112% 93 Sale 93% Sale ~ ■ 99% July 99 99% 100 July 99% 99 100 96% 96% 2% June 95% Jan. 39 100% Sale 98 90 90 MN June 104% 26 88% Feb. 97% Apr. 22 July 80 99% M 8 1962 1939 1939 1975 Deb 6s registered 1939 1st lien 50-year gold term 4s. .1954 Det 8c Ch Ex 1st g 5s 1941 Des Moines Di? 1st g 4s.......1939 Omaha Dlr 1st g 3 Ha 1941 Tol 8cCblc Dl? 1st g 4a 1941 Wabash Ry ref 8c gen 5s ser B ..1976 Ret 8c gen 4%s aeries C 1978 Ref 8c gen 5s series D 1980 97 Sale 100 % Sale 110% 110 % 93 % Sale 95% M ...1962 99 Sale 100 Jan. 111 108% Mar. 13 June 100% Apr. 88% June 101 100 99 May 22 96% Mar. 6 2 July 75% rn 91% July 101% July 80 July 50 July 100% 102% 101% 102 95 95 91 90% 96 % J J 91k 98 % M 8 J 98 102% 75 85 85 Fl» 102% July 91% July 91 July Sale 91 93% July 95 91% 93% 92 103 99% July 99% 101 July 102% 103% 101 92x4 94% 66% 66% 91 Unior 78% July July 105 July Sale 92 95 92 94 D 401,000 104 7 July July 28 83% July 15 1 105% July 110 July 15 July 25 July 21 101 % July 29 82 July 29 July 31 50 102 79% 101 O J D 276",000 105% Apr. 104 98% 85 .... A series C...........1942 M S refunding gold 4a Sale Sale 79 102 108 101% 101% 105j% 106% 105% 106% 94 July 7 95% July 94% Sale 93% 94% July 95% July 31 101 99 ~ Sale 95% Sale 103 k 101 103% 101 July 2 108% July 106k 108 107% 109% Sale Sale M S 1946 J 5s__1928 J Stpd as to paym't Dec 1930 Int Certifs of dep stpd Dec 1930 int.. Firs' 106% July 104 July — D J Ulster 8c Delaware 1st con g 17,000 10,000 105" Feb. 9 97% July 31 Mar A O Tor Ham ft Buff 1st 4s 15",000 106% Sale 106^ Sale Sale 89 95 21 Cl06%Mar.l7 95% Mar. 18 107% 108% 102 i 101% 91 89 i 91% 91% 101% 101% 80 87 80% Sale 50 Sale 40 70 98% of St L 1st g 4%i__1939 ..... 95% July Sale Sale 81 105 M 8 Term RR Assn 5s 107% Sale Sale J Tenn Cent Ry First cons g 95% Sale "96% J A Jan. 98 96% Sale Sale Prices. Prices. 102 1. Highest. ..... 98 97 96 H Sale Sale Prices. Sale Prices. Ask Ask. Bid. 104 Bid. JAN. SINCE Lowest. Highest Lowest. July 31. July 1. 1931. exchange. Bid. 6,000 RANGE PRICES IN JULY. Price Jan. 2 Jan. July July July July July May Feb. Mar. 21 Mar. 21 Feb. 6 July July 2 7 June 80 Mar. 80 10 Jan. 20 Mar. 26 78 Jan. Apr. Feb. INDUSTRIALS— 256,000 Abitlbi Pow 8c Paper 1st 5s__._..1953 ..1943 J D 70 Sale Abraham 8t Straus deb 5Ha A O With warrants.. 67,000 A O 28,000 Adriatic Elec Co external 7s.....1952 m a 14,000 Adams Express coll tr g 4s......1948 Ajax Rubber 1st s f 8s ....1936 J D M 8 Alaska Gold M deb 6s A (flat)...1926 10-year con? 6s ser B (flat) 1925 M 8 4,000 Albany Perforated Wrap Paper 6s 1948 tr cony 5S..1944 229,000 Collateral and conrertible 5s..1949 372,000 Coll 8c conv 5s 1950 142,000 Allls-Chaimers Mfg deb g 5s 1937 31,000 Alplne-Montan Steel 7s 1955 36,000 Amer Agric Chem 1st ref s f 7Ha.l941 27,000 Amer Beet Sugar con? deb 6s...1935 74,000 Amer Chain 10-year s f deb 6s 1933 8,000 American Cyanamid deb 5s_. 1942 873,000 Amer 8c ForeignPower 5s... ..2030 40,000 American Ice s 1 dob 5s 1953 928,000 American I G Chemical 5Hs_....1949 269,000 Amer Internat Corp con? 5H®_.1949 1,000 Amer Mach 8c Fdy s f gold 6s 1939 129,000 Amer Metal Ltd 5%s gold notes__1934 617,006 Allegheny Corp coll A O F A J D A O Sale 91 Sale S* Sale 80 Sale 72% Sale 71% Sale 98 J A O 102% 33% 42 Sale 80 Sale 99 Sale 99% Sale 100 Mar. 30 10 78 Feb. Sale 103 41 Sale 98 Sale 100 Sale 97% Sale 89 Sale 92 40% Sale 84 88 83 83 Sale 105% 106 77 Sale July 65% July 66 July 60 63 July 100% July 70% July 102% July 30% July 98 July 86 July 72% July 81 July 96% July 82% July 105 July 77 July American Natural Gas Corp— 118,000 Deb 6Hs (with purch warr) .1942 223,000 Amer Smelting 8t Ref 5s ser A 1947 206,000 Amer Sugar Refg 15-year 6s. 1937 10,000 Amer Tel 8c Tel Con? 4& 1936 458,000 30-year coll trust ..........1946 769,000 35-year sink fund deb 5s 1960 573,000 20-year sinking fund 5Hs 1943 344,000 Convertible debentures 4Hs._1939 1,197,000 35-y at deb 5s A O 102 Sale J 105 Sale J M 8 J D J J MN 105% Sale 108 Sale J F A 120% 105% A O 103% 1965 Gash sale. Sale' J 5,000 Amer Type Founders deb 6s 1940 A O 81,000 Amer Water Works 8c Elec coll 5s.1934 MN 55,000 Debenture gold 6s series A...1975 C 98% 106 l ! 16% Sale 102% Sale 104% Sale 101% 16% 103% 106% Sale 107 Sale 107% 109% Sale Sale Sale 132 Sale Sale 107% 100% 102% 105% Sale 105 Sale Sale 101% Sale 102 Sale 105 103 11 Feb. 90% 72% Sale Sale Jan. 83% Mar. 9 May 11 100% May 15 89 May 22 101 14 78 106 Sale 86 3 10 6 Sale 88 Mar. June Sale 105 9 7 28 44% June June Sale Sale 99% July 99% July 87% July 2( Jan. 82 104% 105% July July July July 5 81 95% 86 57 5 70 35% 95 15 7 64% Sale 101% Sale l02% 98 July 8 64 61% 65% Sale 66 53 14 86 76 O Sale 77 5jf Sale Sale 93 8 D O 86% 10 60 Sale Sale Sale O J A k 7 80 Sale A 87 75 89% M J 94 86M Sale §0 MN 99 *81"" 104 O 98 95 12 Sale A F 99% Sale 54 84% 5% 5% A F Sale 20 Sale S A 85% 100% 83% MN M A 93 56 Sale July Sale 102% July Sale 103% July July 103% 103 Sale 106 July 108% Sale 110% Sale 131% Sale 16 107% July 109 Sale 109% July 131% July 107% July 103 Sale 101 102 Sale 101% July 104 Sale 104 July July 2 3 3 74 3 103 July 21 78 July 2 1 102% July 35 July 3 100% July 30 89 July 24 60 79 76 July July July July 83% July July 101 July 88% July 105 July 85 July 6 10 27 July 6 84 20 50 Apr. 57% June 51 June 50 June 100% Jan. 70% July 102% July 25% June 98 83% 77% 74% 96% 82% 104% 74 Jan. June 103 July 102% July July 106 25 31 8 1 Mar. 24 105% Mar. 10 47 Jan. 9 102 96 Feb. 10 Feb. 18 88 Mar. Jan. Jan. June 25 July 21 85 9 12 Mar. 11 95% Mar. 11 106 95 June Mar. 105 Jan. 104% 107% 120% 105% 99% Jan. 51% Jan. 104% Jan. 105% July 103% July 108% Apr. 109% May Jan. 111 May 25 9 Jan. 135 Feb. 26 Jan. 109% May 13 June 106 Mar. 11 101 Feb. 104 Jan. 8% May 7 109 Feb. 102 101% June 103 May July July 85 103 94 June July 7 87% Feb. 24 85% Feb. 24 June July 103% July 28 105% July 10 103% July 28 107% July 29 108% July 27 110% July 13 136 Mar. 30 99% Feb. 101%. June 100% Apr 10 28 21 N. Y. STOCK EXCHANGE—BONDS 35 Sales in July BONDS Value. N. Y. STOCK EXCBANQB. Price Jan PRICES IN JULY. 2 1931. Hft. July 1. July 31. RANGE Lowest. SINCE Highest. Lowesi. Sale Prices. Sale Prices $ Bid. 13,000 Amer Writ Paper 1st ft 6s 1947 81,000 Anftlo-Chll Nitrate 7s without war *49 8,000 Antllla Suft (Comp Azuc) 1st 7)4* '39 5,000 Certificates of deposit.. 1,000 Ark & Memp Bdfte & Term 1st ds.1964 . 455,000 Armour Ac Co. 1st real estate 4 34* 1939 864,000 Armour Ac Co of Del 1st 5 Hi 1943 69,000 Armstrong Cork conv deb 5s 1940 59 59 Ask. Sale 65)4 66 60 Sale 1 14 1534 Sale J J J J M ti J D J J 100 8654 72)4 Baraqua (Comp Azucar) 734* ...1937 J J 42 9354 Sale J Bell Telephone of Pa 1st 5s B....1948 J First Ac ref 5s series C 1960 A 89 Sale O J Beneficial Indus Loan deb 6s....1946 M 8 Berlin City Electric deb 6 )*« 1951 J D Deb sinking fund 63a« —1959 107)4 Sale 111 Sale 1st 5s stamped 1941 J v deb 5)4n ,.1936 J Convertible debentures 5s....1950 J — 104 83 6 Sale 5 Sale 80 Sale sb "8554 64 69 6634 89 10654 12054 250 103 92 10034 Sale 5534 Sale 105 80 10434 10534 113 114 29 32 9554 A 63 O 258.000 Chill Copper deb g 5s .1947 453.000 Cin Gas Ac Elec 1st mtge g 4s A..1968 7934 O Clearfield B t Coal 1st 4s Colon Oil conv 197,000 Consol Agrlcul Loan 6)4*-- 91 9234 7534 A 10034 O 100 34 95 94 34 98 .1 99 j 99 0 J F A Deb gold 4)4s w i 1951 J 21,000 Consum Gas Chic 1st guar ft As..1936 J D D Corn Prod Ref 1st 25-yr 8 f 5s Crown Cork Ac Seal s f 6s 1934 M N 1947 J D Crown Willamette Pap 1st s t g 6s 1951 J Crowm Zellerbach deb 6s w w 1940 M Cuba Cane Sugar conv 7s 1930 J Conv deb stamped 8% 69,000 Cuban Cane Products deb 6s 3,000 Cuban Dom Sug 1st 7)4$ Certificates of deposit 1,000 Stpd with!purch 17,000 17,000 Cumb T Ac T 1st Ac 45 000 Cuyamel Fruit 1st 20,000 Delaware 67 82 gen 5s s f 6s A 434s J Ei 1st Ac ref 5s_—.1951 M N to Pa tax M N Dery (D G) Corp 1st a t 78—1942 M S ... Second stamped Detroit Edison Co 1st coll tr 5s__1933 J Gen Ac ref 5s series A—......1949 A Gen Ac ref 5a series B 1955 J 114,000 88,000 59,000 Gen At ref 5s ser G Gen & ref 434« series D._ When issued 9,000 518,000 163,000 97.000 Det United 1st cons g 4Hs__ 486,000 Dodge Bros a f deb 6s 26,000 Dold (Jacob) Pack 1st 6a Dominion Iron Ac Steel 5s ~ 5,666 Deb 7% notes (with warr) Euultahle Gas 1st con 5s 1st lien 24.000 17.000 - s f 6s stamped.. 30-year deb 6s series B r Dash sale 103 J J J M 10254 10234 Sale 99 9734 8234 Sale 60 103 30 O 71 1942 M — D 8 Sale Sale 97 115 D A Sale 10334 A F 99 % Sale Sale - — — 80 57 10154 90 45 Sale 87 84 5534 9754 9934 10054 9834 985a Sale 9S34 10734 106 34 10154 Sale 10234 Sale 4634 Sale 8234 107)4 30 10234 3 6334 Sale Sale 65 103"" 102 Sale 45 70 70 Sale 35 107 3634 10754 Sale 103 34 Sale 10134 105 10534 105 10554 107 10534 Sale Sale Sale Sale 58 60 41 , 3034 Sale 35 110054 10154 10554 56 3034 100 10554 94 "96"" 8954 6834 834 834 Sale 8534 Sale 65 934 11 Sale Sale 934 6 103 34 20 22' 92 July July July July July July July July July July July July July July July Sale Sale 5654 58 "9854 Sale If* 85 96 Sale 65 166"" Sale 10434 110 Sale 10434 Sale 10534 Sale 36 3634 10034 100 J4 101 120 123 122 78 80 54 76 83 54 56 76 56 10 30 10 Sale 123" 65 1 7 9 30 Jan. 9218 29 106 103 10034 9934 9834 100 101 9834 9934 108 10154 103 73 July July July July July July July July July July July July July 90 3734 108 103 34 10534 106 63 34 40 10234 10554 94 90 6934 9 34 July 734 July July July July July July July July July July July July July July July July July July July July July 10 15 10554 10554 101 10434 10434 9 6 1 Jan. Feb. 22 25 July 28 May 26 Apr. 9 July 21 Mar. 24 Mar. 24 Mar. 21 June 28 June 18 9 June June 11 Jan. 9 May 21 93 Fob. 26 " 106 6 July 20 2 100 Feb. 14 June 13; 98 54 Mar. 12 June 2101 Jan. 10 89 15 Mar. 10 49 45 Jan. 9 June 5 7054 Feb. 26 15 106 May 25 3354 Mar. 3 7434 June 8 9 9634 July 98 July 30 105 Jan. 17 106 Jan. Jan. 2 10154 Mar. 10 59 Jan. 12 12 11 45 Mar. 17 28 10634 June 15 57 June 19 74 May 28 June 3 83 Jan. 37 May 85 June 78 July 9434 9534 9434 953* June 94 9354 9134 10534 9934 9934 Mar; 16 Feb. 11 9554 Mar. 13 3 9854 June 70 Jan. Jan. 5 27 20 June 9954 9434 10154 10134 Jan. Jan. Jan. June 100 May Jan. 9934 Mar. 31 May 22 101 May 20 9834 July 28 10034 May 12 Jan. Feb. 97 11 July 28 July 24 60 70 79 90 Apr. I115 3 22 7 2 8 101 Jan. Jan. Jan. 108 Feb. June 18 10154 July 16 10354 May 18 Jan. 45 July 70 July 24 Mar. 18 2434 Jan. 22 Apr. 2 May 8 July 31 83 54 Mar. 12 93 54 4834 10834 101 2 103 34 June 10334 Jan. 21 10534 103 Jan. 20 10634 48 20 Jan. 9 Jan. 19 June 1. 85 June 26 June 1 Jan. 16 Jan. 9 64 14 10234 July 97 Jan. 102 90 70 Apr. 2 10554 July June 2, 9934 Mar. 60 Apr. 29 May 19 5 9 June 2 1134 May 4 16 754 June 18 10 23* Mar. 18 17 10254 Jan. 2 106 102V4 Jan. 2 10554 10034 July 30; 101 Jan. 5|105 Jan. 2 Last sale 9 9654 Jan 7 100 7 28 85 5 July July July July July July July Jan. June Feb. 103 1134 July 1434 July May '28 Apr. 8954 May 81 2734 July 10334 Jan. 88 9 27 21 96 Jan. 27 29 10734 May 25 9 2734 July July July July July July July July July July July July July July July July 6 6 June 10 10134 Feb. 18 9334 June 2 10334 Jan. 23 97 July 11 104 Mar. 2 10134 June 3134 Jan. 8854 June July Mar. 10 Jan. Jan. Jam 31 Last sale 92 34 85 Jan. 8 9234 10734 Jan. 12 11234 11734 Feb. 912134 Jan. July 24 Jan. 28 July 25 Jan. 10 May 19 July 24 July 30 June 22 10434 June 27 61 Oct. 29 8 10354 July 10654 July 107 July 10734 July 103 34 July 103 34 July 9854 July 90 34 July 5654 July May 12 cl5 June 10 Feb. 2 10454 July 29 10454 Jan. 6 10934 July 24 102 10454 10934 10754 10754 10434 July July July July July 104 July 9934 July 92J4 July 57 July 105 Feb. 21 10534 Feb. 9954 Jan. 10334 June 97 H Jan. 82 34- Jan. 55 May 10831 June 1 13 110 May 18 31 10554 May 23 30 104 June 22 12 100 May 21 2 9234 July 31 25 7034 Mar. 27 Mar. 23 90 Mar. 23 90 Jan. 5 101 Mar. 31 102 Jan. 3 10634 Mar. 23 10234 Jan. 29 cl0654July 29 20 May 27 42 Mar. 26 9754 Feb. 4 10054 July 13 60 95 July 103 July 104 July 3454 July 10034 July 12054 July 55 July 55 July 29 9634 July 2 104 34 July 9 cl 06 54 July 17 3754 July July 6 10054 29 12054 July 15 78 July 15 77 July 11534 Jan. Q 12334 May 55 July 15 89 Apr. 55 July 15 8734 Aor. 50 May 13 81 May 75 v 20 10154 10154 July 98 95 98 100 90 94 97 34 100 92 94 3 6 90 95 103 54 32 11 6 July 4 Mar. 13 5 July 1 7634 June 10 87 Feb. 13 10534 Feb. 3 10734 May 5 98 54 Jan. 2< 10234 May 12 62 Apr. 2 69 June 10 6634 Jan. 12 6634 Jan. 12 6 10734 107 34 10754 Sale 107J4 10734 10734 Sale 10754 10854 107 34 10834 103 34 Sale 10434 Sale 8?" 6 Mar. June 29 8534 Mar. 18 10234 June 3 10634 July 7 101 % Jan. 6 104 May 15 70 i July 13 2 8334 Apr. 23 J June 4 36 July 31 75 July 31 105 Feb. 10 334 Apr. 6 9 Feb. 13 July 28 July 24 9934 July 7 83 100 10 20 64 6 64 103 54 10454 105 103 54 18 115 60 13 Sale 8 34 8 734 10454 10534 10534 10534 105 10434 10434 10434 101 Sale 10034 I04"" 10434 10334 104 10254 104 Sale 10334 10354 10334 6 1 3 29 2 21 17 20 21 2 17 28 1 22 16 22 9834 97 34 101 10034 Sale 9634 Sale 9754 10654 10634 10154 97 Salo 1 9 1 13 55 9954 94 100 5 45 Sale 04 D 1 31 27 10 11 3 9834 10054 93 54 Sale 83 9 July 76 34 July 8934 July 97 July 87 9454 93 36 1 63 78 92 92 94 85 99 3 31 3 10534 88 63 85 8 8 18 6134 July 71 July 87 July 9634 July 7654 Sale 1942 M 21 July July July July July July July July July 10534-July 97 34 99 1434 July 71 July 69 97 Sale 7 1 104 13. 48 Jan. 98 9 7 7454 July 10634 July 1 83 Sale 6554 834 834 1034 7 7 72 Sale Sale 3 16 29 7 20 30 1 31 14 99 9154 "95"" 31 21 in Jan. 100 86 69 29 101 Sale Sale Sale 13 28 28 102 34 Jan. 97 35 15 7954 7434 9 Prices. Feb. 27 Feb 1254 May 19 68 Apr. 28 10334 Jan. 5 10754 May 26 48 9234 Apr. 30 8634 Feb. 19 107 Feb. 3 1103* 11034 Jan. 31 115 98 July 13 C9934 57 July 15 8834 54 July 15 8654 50 July 13 8034 29 1 98 10154 13 c9934 15 10 1. June 12 50 31 9754 105 24 104 10634 July 92 July 90 July 101 July 98 July 106 July 96 July 85 July 91 July 30 July 5554 July 106 July 2. 72 July 9 98 July Sale 10754 10154 10554 10534 5654 Jan. Apr. 2 10554 Juiy loo"" 10154 1942 M 1954 J 9654 Sale 92 98 2 104 74 55 85 90 J S 64 90 77 ..1932 M Sale Sale 634 Sale Sale 8 1931 J Sale 5 A J Sale Sale 8 F O 9134 7 106 M S Sale Sale Sale 9954 (Sale 10534 A Sale 1 July Sale 87 37 11034 1 114 .. & 72 87 Apr. 10554 July 90 July 84 July 98 July 97 July 105 July 93 July 85 July 90 July 30 July 49 July 105 July 6934 July 9634 July 2734 July 6254 7134 Sale 1 3 24 54 10534 2 3 1003 1063 20 218 9754 10054 9654 9654 10654 10154 IO214 6954 30 "99"" 160" A Ernesto Breda Go 1st M 7s.'54 With stock purch warrants 47,000 11,000 Federal Lt At Tr 1st s f 5s First 1 s f 5s stamped 31,000 10254 A J 11 Sale Sale 3 9654 97 54 10954 July 4.3 July 9654 July Sale _ D 1940 M N 19*2 MN 1939 M S 99 Saie 1961 F _1<932 J Sale 19 ...1962 F 101,000 265,000 Duqueane Light 1st mtge ft 4 34* A1967 77,000 Eastern Cuba Sugar s f 7)4s 1937 1939 9,000 Ed El 111 Bkn 1st con g 4a 1995 10,000 Ed El 111 N Y 1st cons g 5s 17,000 Elec Pow Corp (Germany) 6)4*—1950 1st sinking fund 634* 1953 29,000 Elkhorn Coal 1st Ac ref 6)4*—1931 7,000 J O Donner Steel 1st ref 20-year 7s..1942 J J Duke-Price Pow (Ltd) 1st 6a A..1966 M N . "754 16 O 4154 26 20 3 043/4 Sale 9654 Sale 81 9534 30 28 J 1971 J 11454 Sale 8834 Sale 10234 10434 9834 7434 1940 A 98 106 74 I02" 10354 J J "7434 98 54"" 1106 34 Sale 8 1937 J 35 Sale 57 1054 Sale 2334 96 1950 J J ..1944 MN 90 Sale Sale 8754 9654 Sale J warr attached Pr Ac Lt 1st M 63,000 Denver Gus Ac Stamped as 13,000 1930 J 80 90 June June 9434 May 98 46 Sale 166" 106,000 Consumers Power 1st Hen 5s 1952 M N <10534 30,000 Container Corp of Am 1st 8 f ft 6S.1946 J D 80 15-year deb gold 5s 87,000 1943 J D 63 34,000 Copenhagen Telep extl s f g 5s..1954 F A 99 3,000 19,000 70,000 53,000 97 Sale 63 9354 95 9134 Salo 10434 10634 J D Sale 10554 10954 J J Sale 90 31 2 July July July July July July July July July July July July 98 28 3254 3034 5554 Sale 49 34 10554 106 10554 6654 6954 7034 Sale N J 85 75 Sale J 1,660,000 98 Sale Apr. 23 77 87 July 31 May 2 26 July 6 1434 Apr. 28 10134 Last sale 14 59 8 102 3 107 • 105 10554 10654 10534 9334 Sale 9534 Sale 60 Sale A 84' 74 51 F 240"" 95 Sale 71 97 90 1958 J 28,000 Consol Hydro-Eiec 1st s f ft 7s 1956 123,000 Consol Coal Md 40-yr 5s ....1950 478.000 Consol Gas (N Y) deb 5)4b 1945 82 81 Sale J J 10334 55 July 8 1 July 56 1 10 July 6 13 July 8 97 July 70 July 15 1 53 July 6 91 July 6 102 July 10354 1 9054 July 9134 July July 30112 July 12054 July 13 12054 July 111 10634 Sale 9154 Sale 90 8634 10034 Sale Sale 10554 A J sta 89 26 5,000 Columbus Gas 1st gold 5s 1932 J J 90,000 Columbus Ry P Ac L 1st 4)4*-.—1957 J J 23,000 Commercial Credit a f 6s 1934 MN Coll trust ser A 31,000 1935 266,000 Comm'l In« Trust conv deb5His. 1949 17.000 Computing-Tab-Record a f 6s...1941 1,000 Conn Ry At Lt 1st g 4tf«1951 29,000 Stamped guar 4.4*.... 1951 92 59 J 1938 July July 104 Sale 10354 July 70 .70 July "36"" Sale 25 July 75 Sale ,75 July 6 9 6 July 5 454 1034 July 77 80 8234 July 107 10734 10634 July 10134 Sale 101 July 64 73 6334 July 10554 Sale 10554 Sale Sale 103 J ...1940 deb 6s.. Sale Sale Sale 41 1927 7,000 Colo Fuel Ac Iron Co gen 8 f 5s__1943 35,000 Colo Indus 1st coll tr 5s gu 1934 561,000 Columbia Gas Ac Elec deb 5s 1952 M Debenture 5s 27,000 ....Apr 15 1952 A Deb 5s 032,000 Jan 15 1961 J 8234 48 104 9034 Sale 11254 11134 Sale 10254 98 1943 J Sale 70 85 10454 105 '8754 -1- 30.000 Childs Co deb 5s O 73 Sale 242"" Sale 1939 M S 1927 A 1937 J Sale 48 Sale 117 Sugar 1st gold 7)4$ Chicago City Ac Conn Ry 5s_Jan 19.000 Chic Gas L Ac C 1st gu g 5s Chicago Rys 1st 5s stamped Aug 1 1929 int 10% paid. 33,000 "l'ood Sale 89 91 111 A 1951 F A __Jan 1957 M 8 Sale 70 Sale 10334 9654 9734 Central Steel 1st sink fund 8s 1941 M N 495.000 Ccrtaln-teed Prod s 1 g S^a A.. .1948 M 8 470,000 Ches Corp conv col tr g 5s May 15 1947 M N 103 105 85 86 N 30", 000 u* 10754 10134 63 54 Sale Sale May 1931 F Ges pedes 97 Sale Sale D Cent Hud G Ac 3 1st 5s 24 9834 10.000 Camaguey 12,000 Canada Steamship Lines 1st 6s..1941 A O 9,000 Central Dlst Tel 1st 30-year 5s_._1943 J Sale Sale Sale 70 102 1938 MN Sugar sink fund 7s ..1942 A O 4,000 Central Foundry 1st s f6« 112,000 Cent 111 Elec Ac Gas 1st 5s 7154" 10454 10354 83 10134 534s 103 7754 6934 9254 10234 93 101 10254 Sale J J t g 5s Sale 3334 O A f g Sale N 1939 F s 69 10554 9854 O 1940 J Conv deb Sale A Calif Pet 79 Salo 1534 1434 89* Si* 8 D Calif Packing conv deb 5s___ s 68 J ... deb Sale Sale 78 D Buffalo Ac Susq Iron gen a f 5s • 932 Buffalo Gen Elec 4ser B —1981 F Bush Termiual Co lst4s..i .1952 Conaoi 5s 1955 J Bush Term Bidfts 5s ftu tax ex 1960 A By-Product Coke 1st 534s ser A..1945 M Cal Gas Ac El Corp unlf Ac ref 5s 1937 M 77 7134 9254 61 5834 Sale 5334 5454 55 34-July 10154 10154 102 10134 July 107 10754 107 10754 107 July Sale 25 21 Sale 21 July Sale 96 95 Sale 9454 July 9434 9734 9434 July 10834 Sale 11034 Sale 10834 July 11234 Sale 114 11234 July Sale 9834 Sale 98 July Sale 76 Sale 57 July 69 Sale Sale 54 July 6754 Sale 52 4534 50 July 10434 Sale 10154 Sale J Con conv 7034 6854 1955 ... 13 101 63 27 101 Sale J Brooklyn Rap Tr 1st refcon ft 4s 2002 54",666 Brooklyn tin El 1st ft 4-5s 1950 F A 54,000 Brooklyn Union Gas Co 1st ft 5s_1945 MN 1st lien Ac ref 6s ser A 1,000 1947 M N 53",000 Sale 1942 J Debenture 6s 1534 July July July July July July July July July % 63 J4 10154 Sale 10634 107 % 1936 J .... 20 101 102 Sale Prices. 57 56 34 Batavlun Pete gtd deb 4 34a 6s it* 96 10234 101 64,000 Brooklyn Edison Inc gen 5s A 1949 J J 735,000 Bkiyn-M Tr K I Sec 6s ..1968 J J 5,000 Bklyn Queens Co Ar Sub fttd 5s..1941 MN 10,000 Sale 102 12,000 Bowman-Blitmore Hotels 1st 7s..1934 M 8 28,000 Broadway Ac 7th Ave 1st con 5s._1943 J D 2,000 Certificates of deposit 23,000 Brooklyn City RR 1st 5s 1941 J J 16,000 48,000 65,000 34,000 16,000 58,000 1,000 Sale Sale Beldtnft-Hemlnway cons Ask 60 Sale 5754 9954 101 80 34 Sale 6934 Sale 94 ...... 112",060 103 )4 J D Berlin Elec Elev At Undgrd Rys— 1st 6Hs 136,000 .1956 A O 59,000 Bethlehem Steel 1st Ac ref 5s ft A.1942 M N 146,000 20-year pur At imp s f 5s 1936 J J 8,000 Binft At Binft s f deb 6)4s_ 1950 M 8 67,000 Botany Cons Mills sec 6 f 6)4* 1934 A O 10V, 000 Sale Bid. 16 14,000 Associated Oil 6% ftold notes... 1935 M S Atlanta Gas Light 1st 5s 1947 J D Atlantic Fruit 7s ctfs of dep 1934 J D Certif of deposit stamped J D 28,000 Atl Gulf & W I SS Line coll tr 5s_1959 J J 46,000 Atlantic Refining deb 5s.......1937 J J 3,000 Baldwin Locom Works 1st s f 5s..1940 MN 18,000 603,000 96,000 106,000 59,000 371,000 354.000 370,000 406,000 Bid. Ask. 55 MN J JAN. Highest. 6354 Sale 6234 94 34 92 34 97 54 90 July 31 9 July July 16| July 23 July 10 10154 July 64 July 9654 July 9434 July 9854 July 92 July 3 10 101 June Feb. 9 20 June 13 10154 Jan. 28 11 13 19 9 14 5534 Jan. 2 76 Mar. 16 9174 Jan. 9 98 9134 June 13 97 Apr. 27 Apr. 18 97 90 June 8 10334 May May 201100 ~ Jam 8 2 EXCHANGE-BONDS N. Y. STOCK July N. Value. T. STOCK EXCHANGE. $ • Jan. 2 '2,000 Federated Metals cony 7s 11,000 Flat sinking fund gold deb 71,000 23,000 113,000 38,000 29,000 7s Without warrants J 80 J 79% Sale 25 % 30% J M S J 1943 ...1949 Gannett Co deb 6s Go) 5s u v F A 1952 46,000 Gen Amer Investors 5s 1940 89,000 General Baking deb s f 5 Us 1947 72,000 Gene>al Cable 1st s fg 5%s A General Elec deb g 3 Us 1942 1,000 .1945 80,000 General Elec (Germany^ 7h Deb 6%s without warrs attached__ 25,000 b t deb » bb 1948 90,000 383,000 Gen Motors Acceptance deb g 6s. 1937 47,000 Gen Petroleum 1st s f 5s. .Aug 15 1946 General Public Service deb 5%s.l939 65,000 Genl Steel Castings 1st 5%a 1949 34,000 Gen Theatres Equip deb 6s 1940 355,000 F 83 A 98 92 % Sale F 95 96 J 90 94 D 91 Sale M N 83 Sale 102 Sale J F A 88 - J D A O F A M N M N A O F A A O Sale 519,000 786,000 55,000 179,000 11,000 8,000 ioi'ooo 289,000 646,000 10-year 7% notes.. Interlake Iron 1st 5s ser B lnt Agri Corp 1st 8c coll tr 5s Stamped extended to lnt Cement conv deb 5s Internat Hydro ..... El deb 6s International Match deb 5s Convertible debentures 5s 2,062,000 86,000 96,000 273,000 457,000 947,000 615,000 18,000 3,000 5,000 I Stamped 10-year 6% notes... 1941 lnt Merc Marine 1st a f 6s Sale 63% 104% A...1947 1955 1952 4%8.—1939 1955 1947 Convertible debenture Deb gold 5s. . Investors Equity 5s A Deb 5s ser B with Without warrants.-.-1948 37,000 1st M 4Us 177,000 Kansas Gas & EI 1st mtge 4%s__1980 345,000 Karstadt (R) Inc 1st Mtge 6s_._. 1943 149,000 Keith Corp (B F) lfet ser g 6s 1946 16,000 Kendall Co 5%s with warrants..1948 67,000 Keystone Telephone 1st 5a 1935 2,000 Kings Co E L 8c Pow gold 5s__...1937 21~,666 89 Sale 91 89 or nnn fn'nnn oon'nnn ronnn o-r Ann' nnn Sale Without warrants Lehigh Coal 8c Nav 4 Us 27,000 Cons sink fund 4%s ser C 37,000 Lehigh Valley Coal 1st 5s 1st 40-yr gu lnt red to 4% "5,006 33,000 54,000 144,000 14,000 123,000 61,000 259,000 675,000 "7",000 "4", 606 247,000 137,000 264,000 72.000 32,000 sale. 96 94% 90% 67 Sale 68% Sale 40 Sale 14% Sale 51 56 58% 89 Sale 60% Sale 105 106% Sale 102% 102% 101 68 33 9 July 106% 106% 106 102 July 103% Sale Sale 43% July Sale 46 25 July Sale 25% Sale 101% July 101% 102% Sale Sale 103 Sale 95% Sale 94% Sale 20 9% % 72% Sale 94% Sale 94% Sale 20 10% % 70 Sale Sale Sale 70 Sale 57 92% Sale 90% 99 98% 99% 74% 79 89% Sale 95% Sale O 92 Sale 73 77. 75 72 Sale J S 60 Sale 55 Sale J 72 J 81 Sale Sale Sale 79% Sale 92% Sale 85% Sale 59 86' 62 85 70 54% 76% Sale 90% Sale 84% Sale 71 76 O 71 78 70 71 75 70 "93% Sale 61 Sale S 75 M S 39 79 Sale 75 85 J J 133% 135% 83 76 103% 117% 118% 95 101% 102% 92 B M Sale 101% 102% 101% Sale 101 Sale AO 101% Sale .1954 Sale 44 98% 97 1954 1954 1933 1933 100% Sale" 100 100% 78 62% 50 122 Sale 105 96 105% Sale 72 81 75 Sale 102% Sale 1944 A D A O Sale 84 94% Sale 78% Sale 20% 35 O 56 D 4.7 98 8 J D A O Q J 47 93 M N 56% 53% Sale 48 Sale 85 98 69% *52" "55" 60 55 55 80 Sale 83 99 «§* 77 Sale 30 Sale J J J D Sale Sale 100% 49% 85% Jan. July July May 12% May 58 40 29 88 1 82 92% 96% 31 15 21 1 76 15 56 31 82% 15 95% 31{ 15 91% 72% 17 72 29 70 72% 3 139 84% July July 22 July 20 107% July July July 18 119 88 July 7 July July July 29 103 July 15 93% July July' 1 103% 2 103% 2 102% 8 101% July 31 46 July 2 101 July July 1 101 17 102 3 52 July 25 49% 55 50 53 50 July 15 53 Sale 99% Sale 98% July 76 26 Sale 75 30 25 60 15 51 20 75 75 98 70 "94% 55 67% Sale 103 101% Sale 103% Sale Sale Sale Sale 105% 100% Sale Sale 50 69% 104 Sale 104% Sale 104 Sale 105% Sale 104% Sale 102% 102% 102% 103 July July July Jan. 77 Jan. 69% Jan. 66 June 81 Jan. 84% Mar. 19 96 Mar. 25 l\V* 70 June 91% July May May 75 Mar. 70 76 Mar. 11 70 July 75 Apr. 22 101 103 Jan. 62 39 June Jan. 82 May 103% Jan. 70 July 102% July 55 103% July 103% July 104% July 102% July 16 2 101 June 85 July 94% Apr. 10 Jan. 78 Jan. 13 104% Feb. 23 118% Jan. 72% Apr. 24 139 104% 104% Mar. 24 103% June 17 103% 101% May 101% Jan. 100 31 3 Apr. 7 May 12 Feb. 4 Mar. 7 75% Mar. 19 6 101% June 19 2| 6 July 6 13 101 3 13 102% June 22 23 102% June 13 2 100% Mar. 25 16 2 3 78 Jan. 2 52 Mar. 13 55 Mar. 16 57 Feb. 7| 25 11 July 3 125 May 18 108% June 17 9 99% Feb. 95% Mar. 19 July July July July July 95 Mar. 18 114% July 95% May 101 July 108 May 87% Mar. July July July July July W* Jan. 7 134 20 73^ 6 105% May 22 Apr. 4 85% May 25 107% June 24 120 May 6 90% Feb. 3 103 Mar. 9 9 94 7 105% June 17 107 May 21 99% July 30 75% Mar. 11 78% Jan. 14 70% July 8 Jan. 100 17 16 24 14 Jan. Jan. 35 Mar. 25 May Mar. Feb. 62% June 22 51 100 Feb. It* June 98 June Jan. Feb. Jan. June Mar. Jan. 3 Feb. 25 Jan. 105% July 22 9 104% May June 75 Jan. May July 77 Jan. 104% July 105% July 103 103 June Jan. July 99 Feb. 104 103 55 3 12 2 100% June 90 104% July July 19 20 Jan. 100% Feb. 99% Jan. 66 9 12 §S* 40 June 84% Apr. 104% July 104% May 104% May 105% May 104% July 11 Apr. 23 May June Apr. 93% July 38 July 95 July 72 July 94% July 104% July 100% July 50 July 9 10 10 97 May 8 7 2 9 14 22 10 8 23 2 10 June July 42 July July July 98% July 105% July July July 30 11 40 14 3 1 2 3 8 21 46 Sale July June 62 July July July July July July 7 100 14 78 26% July 23 Sale 103% May Apr. 93% Jan. 35% July July July 92% July 13 95% 1 101 Sale 100 98% July 1 107% 106 July 106% Sale 71% July 21 83 55 69% 95 95 "66" June 83% July 86% July 73% July 8 July 6 July July 17 21 July 70 52 26 9% Jan. 3 77% June 22 78 June 22 64% Apr. 10 95 Apr. 13 87 July 24 99% Apr. 28 76% Jan. 30 100 Feb. 16 93% Feb. 14 99% Jan. 7 100 Mar. 21 80% June July July July July 7 Feb. 24 97% Jan. 98% Feb. July Feb. Jan. 96% Mar. 20 10% June 10 50% Apr. 89% Jan. 87 July July 28 104% July 3 106% July July July 29 99% July July 15 56% July 70 July 6 July 1 70% July July 6 70% July July 16 101 % July June 65 Feb. 24 Feb. Apr. 11 104% May 26 82 Mar. 23 69 Feb. 22 June July July July July July July July July July July July July July July 27 107 Jan. 9% Jan. 9% J an. 64% June 92% July 87 July 99% July June 12 cl04%May 27 103% July 22 June 100% May 91 Mar. 17 63 108 104% Jan. 101 Mar. 11 94 Jan. 51 6 Mar. 12 65 55% Apr. 87% June 73% July 73% July 62 July 69% July 39 90 June 40 100% Jan. 43% July 25 July 100% Mar. 93% May 60 41% 71 38 105 76 92% 96 June 52 88% Feb. July 103% July 68% July July 33 101% July 96% July 95% July 51 95 35% Jan. July 93% Jan. 41 6 107 July 100% July 100% July 97 101 101 102 96 Sale 100 102% Sale 97 95 "62% Sale 103 96 93 75 102% 85 54 57% J Sale 86 50 Sale 8 82% 107% 118% 79% 101% 50 Sale D 70 Sale 100% J 70 Sale Sale M 72 54% 100% J 70 45 S D 84% 20 M J 90 53 Sale Sale 52% 76% Sale 105% 70 70 50 59% Sale A 103 Apr. 83% June 75 6 Apr. 96% Apr. 15 102% Jan. 8 76 Jan. 9 92% July 6 90 Apr. 17 68% Feb. 4 101% Mar. 10 95% Feb.) 25 90 Jan. 5 94% July 6 84% Mar. 26 86% Mar. 21 53% Jan. 29 Jan. 24 30) 68 Apr. 21 93% June 43 9 124% 121% July 124% Sale 121% 124 7 108% July 108% 108% 107% 108% 108 99 1 97 July 97% Sale 97% Sale 77 July 29 87 84 90 76% 87 88 31 Sale 76% July 88 76% 3 114% July 114 114% 113 113% 114 Sale O 90 89 102% July June 2 99 104 F 83% 86% 73% Sale 33 33 Sale 45 101 100% 101% 101% 100% 100% Sale 101% 101% 101% 101% Sale "89" A 119 Sale 102% 103 102% 103 101% 100% Sale 98 100% 101% J O 82% Sale 103 J A July 68 50 3 88 8 136% July 138% 81% 107% Sale 22% O J 78 74 79% Sale Sale A M 120" 98% 106% 81 M N 84 86% Sale 104 J 139*" 93% A F 136% 81% 107% 118% 75% 102% 92% Sale MN July July July 165"" Sale 82 9 3 6 9 3 10 7 13 6 22 July July Jan. 2 6 65 73 75 70% "81 63 July 15 18 7 June 3 2 Mar. June Feb. 13 Mar. Mar. 23 I 76 70 100% 99 ..... 7 July 94% July July 75 July 70% July 54 July 90% July 87 July 98% July July July July July July July July July July July July July July Feb. 75% July 65% July 60 July 62 70 85 Mar. 11 Mar. 19 Apr. 99% July 95 July\ 94 94% July 94% July 104% 104% 104% 104% 104% 106 106% 104% 105% Sale Sale 99 95% Sale 97 Sale 35% 36 Sale 68 64% 66 70 643 Sale 55)4 55% 69% 70 105% 102 Sale 52 D D JVA Sale 79% Sale 83% Sale 89% Sale 73% 3\A Sale 101% $ale 85 99 86 76 8°r July July 15 c89 8 98% 96% July 66% 60% July 31 29 92% 90% July 86 July 14 90 41 July 18 48% 97 July 16 100% July 16 54% July 31 6 94% July 58 July 15 40 July 29 3 July 40 14 July 15 1 July \51 40 Apr. 9 92% Mar. 20 37% Feb. 26 16 104 16 98 15 Q9 2 104% 13 101% Jan. Jan. 3 103% 29 102 June 16 95% 92 27 June 4 96* 80 90% July 10 41 20 93 19 Jan. Jan. 95% 2 . 69% July July 29 45% 46 38% 14 July 15 19% 7 16 July ' 55 59 52 Sale July 14 60 24 July 56 54 60 July 2 88% July 16 90 "90"" 91 Sale July 17 1' 62 60 July 61% 60 Sale July Sale 107% July 16 108 108% 108 7 102% July 23 102 July Sale Sale 102% July 22 1 103% 101% July 101% 102% 103 "35% Sale - 21 Apr. 20 June 2 109 100 40% June 16 69% 72% July 10 86 103% Apr. 13 105% July 25 94% Jan. 2 91% 93% July 89% July 82% July 104% July 103% July 95% July 92 "74" 70% Sale M D 1968 Met Water, Sewer 8c Drain 5%s—1950 Met West Side Elev (Chicago) 4s_1938 Miag Mill Mach 1st ■ f g 7s 1956 Midvale St 81 Ord conv s f 5s 1936 Milw El Ry 8c Lt 1st 8c ref 5s ser B 1961 1st mtge gold 5s 1971 Montana Power 1st 8t ret 5s A 1943 Deb gold 5s series A....... 1962 Cash Sale MN .1943 Marion 1947 Market Street Ry 1st 7s Apr 1940 Mead Corp 6s with warrants 1945 Meridional EI 1st 7s 1957 Metropolitan Edison lst8cref 5sC.1953 c Sale 54% 72% 5s 1st g 4%a series 93 Sale Sale Sale 4 Sale Sale 60 97 A 8c Son 6s Steam Shovel s f g 6s 100% Sale 93 90 59 Without warrants............. 8,000 321.000 26,000 43,000 33,000 216,000 57,000 lOO" 92% 47% Sale 86% F Mfr tr ctfs, Namm 88 41 50 87 Sale J 1941 36,000 McCrory Stores deb gold 5 Us 1950 283,000 McKesson & Robbins deb5Us 1942 2,000 Manati Sugar 1st a f 7%a Stamped Apr 1931 coupon on..1942 30,000 1990 91,000 Manhattan Ry (N Y) con g 4s 2d 4s 2013 11,000 Manila El Ry 8c Lt 1st 5s 1953 90 62 J .1951 Debenture gold 5%a 1937 66,000 Louisv Gas 8c El 1st 8c ref 5s....1952 22,000 Lower Austrian Hydro-Elec 6%a_1944 91 Sale sinking fund 5s Lorlllard (P) Co 7s Sale Sale 90 1934 1944 1st 8c refunding 5s ......1954 1st 8c refunding 5s ........1964 First & ref sinking fund 5s....1974 Liggett 8c Myers Tobacco 7b 1944 5s 1951 Loew's Inc deb s f g 6s 1941 Lombard Elec 1st 7s with warr 1952 First 8c ref Sale Sale Sale Sale - ... 97 Jan. m 2 24 87w 99% July 18 July ~ 79 99% July 68 61% Sale 76% Sale A Lacfeaw Steel 1st cons 5s aer A—1950 Laclede Gas L ref 8c ext 1st 5s 1934 Co11 & ret 5 %® "rlCS C 1953 Col & ref g 5U8 ser D.« I960 1st 8c ref s f g 5s Sale 75% Sale Sale Prices. June 26 88 July July 89 62% July 85 July 98 July 70 July 99% July 75% July Sale Sale 65% July 60 July 65 103% July Sale 102% July Sale 92% July 98 86 July 89% 29 July Sale 69% 69% 55% ref 5s - 2,000 2,000 74% 98% 6a.. 52,000 Lautaro Nitrate Co 6s n.n Sale "4" "20" 1997 .1949 1954 1st 8c ref 6%a —1954 Kinney (G R) Co conv 7U«—---1936 Kresge Foundation coll tr 6a 1936 Kreuger 8c Toll 5a with war......1959 Purchase money Kings Co Lighting 1st 30 64% Sale 95% Kings Co Elevated 1st g 4a 19,000 1,000 7,000 5,000 70,000 831,000 86 86 98 85 A O B1957 1961 94% Sale 101 A warrants. KansasCy Pw 8t Lt 1st g 4%a 8®' 103% 75 96 5s series Refunding 6s series A Internat T 8c T deb g 4%e Intern Paper conv 72 Sale 100 1932 A O 1932 M S 1951 ,M N 1932 M N 1942 M N 1948 M N 1944 A O 1947|M N 1941 J J 79 103% Sale 102% 103 92% Sale 90 86% 38% Sale 106% J J 1966 J 77 74 "95% Sale 4 Interboro R T 1st 8c ref 5s JUly 72% July 50 Sale Highest. Sale Prices. Prices. 88% July 24 88 July 1 89 July 3 28 July 7 105% July 6 60 July 21 74% July 24 24 87% July 25% July 101% July Sale 28 73% 105% Sale 101% Sale 71 Sale 45 49 Certificates of deposit 88% "89"" 102% Sale 73% - Illinois Bell Telep 1st 8c ref 5s A. 1956 98,000 Illinois Steel deben 4%« 1940 121,000 llseder Steel Corp Mtge 6s 1948 65,000 Indiana Limestone 1st s f 6s 1941 39,000 Ind Nat Gas 8c Oil ref 5s 1936 6,000 Inland Steel 1st M s f g 4%s A—. 1978 200,000 1st m s f 4%s ser B 1981 354,000 Inter-Metrop coll tr 4%a 1956 July July 87 56 80 Sale 81 137,000 Good Hope Iron & Steel sec 7«—1945 A O 1947 J J 100% 49,000 Goodrich ( B F) Co 1st 6 Us 68 Convertible deb 6s 1945 J D 602,000 87 451,000 Goodyear Tire 8c Rubber 1st 5s_..1957 M N 78U Gotham Silk Hosiery deb 6s 1936 J D 26,000 68 U Gould Coupler 1st 15-yr s f 6s 1940 F A 15,000 94% Gt Cons El Pow (Japan) 7s 1944 F 178,000 1st & gen s f g 6 U* 1^50 J §5% 217,000 89 Gulf States Steel deb 5%a 1942 J D 24,000 90 Hackensack Water 1st 4s 1952 J J 5.000 77 Harpin Mining 6s with warr 1949 20,000 70 Hansa S S Lines 6s with warr 1933; A O 58,000 45 U Havana Elec Ry cons g 5s 1952 F A 19,000 23 U Deb 5U8 series of 1926..... 1951IM S 1,000 65 Hoe (R) 8c Co 1st 6%s A 1934'A O 24,000 Holland Amer L 6s (.flat) 1947|M N 6,000 Houston Oil sink fund 5Us 1940,M N "§1" 59,000 51 Hudson Goal 1st s f 5s series A'62 J D 188,000 101% Hudson County^Gai^lst 5s — 1949 MN 13,000 Humble Oil 8c Ref 5 %g 1932 J " 101% 488,000 Deb gold 5s temp 1937 A O 101 121,000 89% 52 92% 85% 101 % 102 94% Sale 61 82 108% 107% Sale 65 87% Sale 89 87% 85% 84% Sale 98% Sale 98 75% 71 79 77 99% 99% Sale 97 U J 90% Sale 107 100 % 104% 90% Sale M Sale Prices. 87% Sale 28 25% 104% 105 JV* Sale 81" Ask Sale 87 Sale 105 J 1934 Gelsenkirchen Mining 6s J 88 93 % Sale 93 % - 1941 Framerlc Ind 8c Dev 20-yr 7%«—1942 Francisco Sugar 20-year 7 Us.-.1943 8s Fisk Rubber 1st a f Gas A Elec ( Bergen 159", 000 D 1939 1946 Bid. 1. JAN. SINCE Lowest. Highest. Ask Bid. Ask. Lowest. July 31. July 1. 1931. Bid. RANGE PRICES IN JULY. Price P li BONDS Sales in 8 9 22 12 26 14 26 Mar. 30 N. Y. STOCK Sales in BONDS July Value. N. Y. Price 1931. Bid. f deb g 7a tr rcta with deb atk pur warr_. 1937 J Without warrants J Gen 8c ref 5s series B Gen & ref s f 41^8 ser G Gen & ref a f 5a aer D a ..... 82 "905* 905* 79% Sale deb 3,000 Nat Radiator deb 6 He 5,000 Newark Con Gas 5s. M N 1951 40% 88 1948 99 55*8 1947 83 108 1938 1948 Purchase money coll tr g 4s...1949 40 40 1 ....... 48,000 50,000 160,000 46,000 602,000 6,000 10,000 17,000 13,000 18,000 81,000 21,000 863,000 67,000 112,000 329,000 45,000 158,000 102,000 606", 000 12,000 14,000 15,000 45,000 48,000 2,000 183,000 231,000 140,000 67,000 120,000 34,000 29,000 109,000 2.000 67,000 62,000 103,000 200,000 79,000 295", 000 ... .....1949 F 20-year refunding 6s gold f g 6s Niagara Falls Power 1st 5s Refunding 8c gen 6s f 6s ser O 1946 J D J O F 1961 Northwest Teleg lat 4Hs Norwegian Hydro-El Nit 5Hs Old Ben Coal 1st g 6s Ontario Power N F 1st 5s Ontario Power Serv 1st 5Hs Ontario Transmission 1st 5s Oriental Development 6s A O A O O A A 1943 F A 1950 J J M 8 MN M S M 8 J 1937 J f 6a 8 8 J deb 6s 1943 A O 1939 J D 1931 D 1943 A O .1953 F A Portland General Electric 4 5*8 ..I960 M S Portland R L A P latAref 7Hs A1946 M N Portland Gen Elec lat 5s J —1935 J Porto Rican Am Tobac conv 6s —1942 Postal Teleg A Cable coll 5s.. 1953 Pressed Steel Car 10-year 5a._ —1933 J 1967 D 1970 A lat A ref gold 4s 1971 Punta Alegre Sugar lat conv 7s —1937 a f g 5H% notes... .1937 O Pure Oil Co A sale. 94 945* 75 63 1165* 107 1125* 1015* 5* July July July 107 July 65* July 30 65* July 3 60 1025* 1035* Sale 1055* Sale 1005* 975* Sale 106 107 Sale 1105* 1105* 1115* 1125* 1115* Sale Sale 1115* 113 27 31 265* 1065* Sale 1065* 107 74 84 75 805* 1045* 1065* 1005* Sale 995* Sale 955* Sale 945* Sale 985* Sale 985* Sale 85 895* 805* Sale 101 111 113 45 53 103 5* Sale 985* 1015* 945* Sale 885* Sale 955* Sale 955* Sale 1035* Sale Sale 65 455* Sale 51 65 "84" Sale' 73 86 Sale 89 102 Sale 60 Sale Sale 55 75 103 Sale 103 Sale 78 "7" "22" 90 Sale 87 91 1946 J J A.1950 1950 MN 1952 MN —1953 F A 1955 AO Sale Sale 102 64 82 5* Sale See "Foreig 90 78 Sale Sale 77 Sale 835* 775* Sale Sale 1085* 103 Sale 1055* 91 1045^ 4 Sale Sale July 995* 114 IV June 3 83 July 13 70 Jan. 92% Jan. 1025* Jan. 5 70 Mar. July 995* May 3 98 Apr. 24 1095* Apr. 1025* Mar. 3 1035* June June iV m 104 85 3 ' 114 30 1075* 845* 1075* 1015* 965* 995* 85 July July July July July July July July July July Jan. 12 July May May May July 15 25 25 8 10 Jan. 13 Jan. 8 85 Jan. 85 70 60 Jan. 95 1125* 1075* 103 5* 945* 945* 845* 815* June June Jan. 1135* 1045* 1075* 975* Jan. 100 Mar. 11 100 3 Sale Sale Sale 67 Sale Sale 93 1045* July 1095* July 102 July 1045* July 97 July 76 July 65 July 59 July 103 July 16 17 20 16 11 15 11 8 8 3 60 20 31 July 20 1045* July 1035* July 905* July 995* July 100 1045* July 9 905* July 10 July 10 Sale 89 85 945* 80 Sale 88 Sale 78 5* 80 87 Sale 55* 85 835* 855* 53 5* nt Bonds." Sale 68 815* Sale 555* 79 78 SJile Sale Sale 56 Sale 785* Sale 1 9 Feb. 13 May 21 2 1175* May 19 June 17)1075* May 26 Jan. 31jll25* May 14 30 102 June 8 Mar. 11 56 555* Sale 60 Sale 6 5* July 30 45* July 2 July 1 Jan. 2 1075* May 28 June 25 115* Mar. 27 6 June 27 Jan. 835* July 30 775* July 30 5 965* July 76 6 July 7 855* July 525* July 30 page 12 865* July 21 855* July 14 98 July 22 785* July 27 87 July 16 845* July 8 61 9 Mar. 27 Mar. 24 12 3 1095* 1075* Jan. 1005* Jan. 31 1055* 6 1015* Jan. 110 July 15 1045* July 1 108 93 June 15 1005* 101 Jan. 7 1035* 1015* July 31 103 2 106 1035* Feb. Jan. 30 985* 110 July May Mar. Jan. Jan. Jan. Jan. 3 June IT Apr. 14 Jan. 2$ 565* Feb. 16 1015* July 7 105 Apr. 28 105 July 20 1025* July 7 July Jan. 114 Jan. June 100 Jan. 95 Jan. Jan. Jan. Feb. 505* Jan. 97 June 54 June 1125* Jan. 1045* Jan. 106 May 985* Jan. 102 5* Feb. 92 Mar. 72 June 56 June 505* May Feb. 1035* June Jan. 905* Apr. 99 % July 102 Jan. 86 Feb. Mar. 11 July 16 115 Feb. 16 505* 1075* 945* 1075* 1015* Jan. 9 July 16 885* Jan. 94 Mar. 28 108 1035* Jan. 103 5 Apr. 16 Apr. 2 1055* July 29 2 1075* June 1015* May 23 1015* Jan. 26 June 76 Jan. Feb. Jan. noH June 71 87 July 7 July 31 July 24 Jan. 885* July 10 1065* July 1 1065* July 1035* July 8 1015* Mar. 51 72 June July 10 50 June 665* July 3 74 Jan. 865* July 10 1055* July 10 1015* Feb. 105 July 27 1015* Feb. 99 935* Mar. July 7 4 June 115* July 2 75 June 89 July 28 74 86 May July 17 945* July 905* Jan. 2 100 Mar. 25 July July July 15 11 18 Feb. 25 12 995* Jan. 1065* July 27 1065* July 29 1085* May 29 103 May 27 33 July 7 7S 105 Jan. 9 Mar. 11 97 89 Jan. Jan. Jan. 38 Feb. 1075* June 23 24 23 25 1 945* July 20 995* July 31 805* 1165* 1105* 1095* Feb. 9 Apr. May July cl04 July 1055* July 995* June 855* Jan. 30 25 15 83 Jan. 27 27 9 2 12 9 925* Jan. 1035* Jan. 23 106 July 27 1045* July 9 95 May 16 106 104 Feb. 4 Mar. 10 925* May 14 108 Jan. 29 1045* Apr. 27 79 liy* 88 106 Feb. Feb. 18 Jan. 28 June 11 4 5 1055* June 995* May 27 9 125* Jan. 96 Jan. 935* Jan. 9 12 c985* Mar. 20 795* June 645* June 925* June Jan. 13 Jan. 10 74 Mar. 12 65 5 955* 92 3 1 1025* June 2 96 May 15 101 525* July 30 May 9 Jan. 6 935* Mar. 21 18. 655* July 975* 55 85 July 555* July 311 81 505* July 29| 81 515* July 30| 80 ... /»,• 7 1025* Feb. 1035* Jan. 1095* July 1095* July cl04 July 1055* July 985* July 80 July 70 : July i 64 July 1 103 July 21 106 July 27 Sale 1045* Sale 1045* 1045* 1045* 1045* 975* Sale 87 Apr. Apr. 5* July 30 15* June 3 45 106 105 Sale 83 855* Sale n Governme 8 June IV Sale 106 Sale Sale 97 Sale I, 2; May 22 27 1065* July 29 Jan. 1085* July 10 106 1025* July 28 1015* Jan. 33 July 7 W* July 30 June 36 July 2 103 July 15 1005* May 74 June 91 July 8 67 June 825* July 6 40 June July 7 June 20 July 13 945* July 995* July 1 865* July 1065* 1065* July 29 1035* 102 1 July Sale 67 July 29 Sale 635* July 27 87 835* July 14 Sale 1 1045* July Sale 1045* July 31 Sale 1 975* July 115* 1 105* July Sale 84 3 July Sale 81 1 July Sale 935* July 10 Sale 13 39 535* Apr. 24 965* June 2 1025* Jan. 255* Jan. 1085* 1085* Jan. 1035* Jan. 101 July 56 July 1 29 July 1 975* July 7 July 17 100 5* July 20 1015* 97 July 7 July 20 103 July 29 102 July 8 1055* 1005* 935* July 8 1 1065* July 103 88" 86 97 58 109 Sale 60 695* 645* 85 Sale Sale 103 71 Sale 84 31 1105* July 25 July 105 July 79 July 1075* July 995* July 935* July 98 July 15 805* July 28 Sale 1065* Sale 67 64 815* 965* 775* 101 58 109 % 1015* 1015* 1025* 93 1025* 1075* 1055* 1065* July 7 July 31 July 24 July July 15 July 22 July July July July 1165* Sale 101 IV ii* 105 105 July 1045* 106 1065* 107 5* 1085* 1075* Sale 1015* 315* Sale 315* 35 335* 325* 995* 100 875* 1065* 1015* 102 5* 1045* 1045* 1055* 97 Sale 985* 76 76 5* 85 675* Sale 65 86 955* Sale 86 895* 100 60 1165* 1035* 905* 107 111 Sale 106 1015* 1025* 1055* 965* 103 5* 1015* 105 5* 1045* July July July July July 35 / Sale July 1011 Sale Sale 102 101 July 89 Sale Sale 87 85 July 81 Sale Sale 76 735* July 48 455* 58 485* 49 July 23 5* 29 22 5* 245* 24 July 107 1085* 1075* 1095* 885* Sale 895* Sale 885* July Sale 975* Sale 99 97 July 106 1045* 83 Sale 1075* 1015* Sale 905* Sale J 1045* Sale 91 Sale 102 J 1953 J llV 94 S O 935* July 935* 96 102 Sale Sale" 99 1095* 1055* 1065* 1105* 1065* 995* July Sale 104 - 31 29 77 102 103 99 7 21 21 17 65* July 40 1055* 1035* 1085* 100 8 15 July 101 Sale 1065* Sale 1025* Sale 56 Sale 58 27 31 15 22 21 14 20 29 37 5* July 105 109 99 5* Sale Sale 40 1045* 1055* 106 71 101 60 39 July July July July July 1055* July 1125* 115 1055* 106 .1940 M July 1948 M 8 ser Sale Sale 16 15 30 2 1 17 15 61 7 17 107 July 1045* July 94 July 1015* July 1015* July 104 5* July 94 July 1055* Sale 1055* Sale 96 935* 945* 96 1015* Sale 1005* 102 101% 1025* 1015* Sale 105 1055* 104 J* 945* 965* 94 95 1035* 1035* 1015* Sale . 3 May 27 97 5* July 45* July July July 65* July 10 110 1005* Sale 1055* Sale 1045* Sale 1025* Sale 1075* 108 .1948 J 1940 A Sale Sale " J Remington Arms lat s f 6s 1937 M N Rem Rand 5Hs A with warr.—.1947 M N Cash 1075* 1025* 1085* July 1045* July 1045* July Sale 110 100 1015* 1947 M S M S 105 Sale O 6a A.....1941 M S 1055* Sale Sale Sale 36 1937 M N 109 Sale 77 85 60 Phlla Company secured gold 5s.1967 J D Phila Elec Co 1st 4H»— 1967 MN 1st A ref g 4s 1971 J D Phila A Read C A I ref 5s J 1973 J Conv deb 6s w i 1949 M 8 f W Jan. 65* Jan. 40 ::::: "74" 1961 A f g 6s.. Sale Sale 1015* Sale 925* Sale 1949 M f 5a Sale 1035* 1045* 935* Sale Sale Pateison A Passaic G A E 5s Pathe Excb deb 7« with warr — Sale Sale Penn Pow A Lt 1st M 45*8 Phillips Petroleum deb 5Hs Pierce Oil Corp s f 8a Piliabury Flour Mills 20-yr 6s Sale 106 1944 A Sinking fund gold 5Hs Purity Bakeries Corp s f g 5s.. 102 5* 112 104 1950 F Public Serv F A G 1st A ref 45*8 1st A ref 4 H« 1065* 955* Sale 1045* nn Sale Sale 1015* Sale leasehold 6Hfl—1953 J — 45* 109 Sale 1952 M N 1940 J Paramount Pablix Corp 55*s RhineMain Danube deb 7s Sale 1075* 107 65* 1934 MN 1947 J its 44,000 Rhine-West Elec Power 7a Direct mortgage gold 6s 169,000 Cona mtge 6s ctfs w 2 193,000 Without warrants 22,000 Cons mtge 6s with warrants 136,000 10 10 21 July July July July July July July July July July July July July July July July July 7 1015* Mar. 95 Apr. 94 May Mar. 23 875* Mar. Jan. 21 935* May 8 1005* Apr. 5 995* Apr. Jan. Jan. 15* 35* 615* 7 98 Paramount B'way 1st 5 Ha----—-1951 J a J Sale 5 102 8 1942 J Certificates of deposit.... Pan-Am Petr (Col) 1st g 6s Rheinelbe Union 15* 1 5* 5* 65* 1015* Sale M 1945 M N Pacific G A E gen A ref 5s Pacific Tel A Tel lat 5s_. s 525* 945* 1025* 145* Jan. 985* 905* 935* 875* 50 75* A F 1944 F ...1953 Extl deb 5H» int ctfs ...1958 Oslo Gas A Elec extl a f g 5a 1963 Otis Steel see g 6s series A.......1941 Ref A gen 5%a A Revere Cop A Br 6s 25 13 995* 100 40 7 MN Ohio Pub Service 1st A ref 75*8—1946 A lat A ref 7s series B 1947 F Republic Iron A Steel 745* July 70 July 995* July 93 July 1095* July §1* 92 40 50 65* 8 J 1934 J 1957 MN lat mtge 6s series B 22,000 262,000 31,000 24,000 9,000 262,000 60 July July July July July July July July July July July July July July July July July 8 8 9 3 100 4 A 1957 M A 53,000 Pirelli Co (Italy) conv 7s.. 1952 UN 1,000 Pocahontas Con Coll lat s f 5s. -.1957 J J 9,000 Port Arthur Canal A Dock 6s_. .1953 F A 5,000 23,000 111,000 378,000 19,000 120,000 69,000 774,000 22,000 127,000 191,000 57,000 91 1155* 105 5* 1115* 995* 1015* Sale 7 44 Peoples Gas A Coke lat 6a Refunding gold 5a 1,000 Registered 534",000 101 915* Sale 100 14 1075* 865* 1105* 1055* 70 595* 60 1155* Sale 107 112 945* 1015* Sale 85* 84 Deb conv 70 3% 1940 M S 5Hs ser B____ Aug 15 1963 Deb 5a series C ...Nov 15 1969 Nor Ohio Trac A Lt gen 8c ref 6a.l947 North States Power 5a A.1941 *st A ref 6a aeries B 1941 Paramount-Fnmous-l.asky 745* 605* 1155* Sale 1065* Sale 1115* Sale 48 Sale 35* ...1947 MN No Amer Cement deb 6 Ha A North American Co deb 5s 29,000 Penn Dixie Cement 1st , 1941 A 1932 J Jan 1932 A 32",000 443,000 119,000 792,000 59,000 145,000 283,000 3,000 32,000 A Niag Lock A Ont Pow 1st 5s A...1955 A O Niagaro Share deb 5Hs 1950 M N Nordeutsche Lloyd (Bremen)— s Sale 61 106 102 5* 112 Park-Lexington 10,000 Parmelee Trans 1,146,000 48 Sale 495* 455* 1?6M 4 1065* 1075* 1015* Sale 30-year 5s aeries A Pan-Am Pet A T conv 525* 92 5* July 1095* July 99 94 945* 95 1015* Sale 1015* Sale 14 14 Sale 155* 107 1075* 108 Sale 945* Sale Sale 1115* 1125* 1055* Sale 107 1075* 1015* Sale 1025* Sale 925* Sale 935* Sale 45* 45 106 1962 MN North Am Edison deb 5s 51 "3" 1939 MN s 1045* 995* 101 2% "97" 93 1095* 1045* 40 N Y Tel lat 8c gen 20-year 95 97 July 975* July 1005* July 93 July 695* July 70 July 995* July 80 995* 1085* 40 1947 M N 1951 M N a 70 ..... New York Steam 1st 6s.. let mortgage 5s N Y Trap Rock lat Sale Prices. ....... 6 Ha series B s f 4 H i 30 year debenture 6s 80 Sale 995* 100 45 89 965* 70 Sale 102 84 925* 735* Sale IV 80 " 975* Sale 92 102 1942 "" con 83 1942 1,000 Certificates of depouit.. Jan 1942 116,000 N Y Rya Corp lnc 6s Jan 1965 Apr Prior lienS a series A 16,000 J 1965 J 3,000 N Y 8t Rich Gaa 1st 6a A 1952 M N 5,000 N Y State Rya 1st cona flHa 1962 MN Registered Certificates of deposit Sale Sale 85 .1942 Certificates of depouit 1st "85" Sale 98 1942 M N J ....1943 J Adjustment income 5u...Jan 109H 104 % 106 1135* Sale 1055* 1055* 1065* 1085* 1944 Dock 8c impt ext 5a New York Rya 1st 8c ref 4s 19 88 y 78 ' ...1941 NYLE&W Coal & RR 5%s 91 Sale 101% 104 M N N J Pow 8c Light 1st 45*8 1960 A O New Orleans P S 1st 8c ref 5s A...1952 1st 8c ref 5s B ..1955 N Y Dock 50-year gold 4s 1951 3~, 666 Ask. 695* 49% 15 5* 1948 Serial 5s g notes N Y Edison 1st 8c ref 6H*— 1st lien 8c ref 5s B N Y Gaa El Lt Ht 8c Pow 5s 90 98 5* Sale 92% 104% 1055* 103% ...1942 151,000 Newberry (J J) Co 5Hs 1940 70,000 New England T 8c T 30-yr 5s A...1952 95,000 1st g 4His aeries B__ 1961 90,000 106,000 138,000 11,000 26,000 96,000 167,000 33,000 163,000 Bid. "89" "935* 70 97 D 1947 MN 1941 12,000 Nassau Elec guar gold 4a 2,000 National Acme 1st mtge 6s 92 % 1955 A 1939 J Mutual Fuel Gaa 1st gu 5a Mutual Union Tel 5e 99 1955 A 1934 J Sale Prices. 92 5* 94 965* Sale 93 5* July 955* 965* 93 925* Q £ July 1005* 101 1005* 1005* 1005* July 96 935* 96 925* 925* July 935* 925* 4s series 2.... 1966 A 5a series 3 1932 J 10-20-year Murray Body 1st 6 Ha Sale Prices 95 1955 A ... Highest. Sale Prices 97 1955 A f 4H« Lowest. 90% 98% 90% 90% Ask 1. Highest. 88 H 1941 J .... RANGE SINCE JAN. Lowest. Bid. Mortgage-Bond Co 1,300,000 National Dairy Prod July 31. Ask ... Morris 8c Co 1st July 1. a 119,000 59,000 74,000 Mont Tram 1st fit ref A 5s 5,000 General 8c refunding 5s A 117,000 1,000 4,000 5,000 2,000 PRICES IN JULY. Jan. 2 STOCK EXCHANGE. Montecatin! Mln 8c Agr n EXCHANGE-BONDS July July July July July 655* July 55 July 555* July 505* July 515* July 1015* Mar. 30 895* Mar. 7 88 Apr. 10 87 Mar. 12 865* Mar. 10 EXCHANGE-BONDS N. Y. STOCK 28 Sales in N. y. STOCK Value. Jan. 2 Bid. .1953 J .1944 ., 44,000, Rhine-Ruhr Wat Serv 69 180,000 Richfield Oil of Calif 6«— 544",655 1955 Kim a Steel s f 7s— Rochester Gas A £1 7a ser F S .1948 M Gen mtge 5>*s series C .1977 M Gen Mtge 4 series D Roch A Pitts C & 1 pur money 5s .1946 M .1945 A 994 90 82 90 82 O 874 Sale 91 Sale 90 1955 i .1937 .1952 Saxon Pub Works .1945 Serv 6s.> . (Germany) serial gold 64 .1951 .1946 — .1946 18,000 Guar sinking fund 6 Hi* B— 15,000 Sharon Steel Hoop s f 54a—. 230,000 Shell Pipe Line s f deb 5s 603,000 Shell Union Oil • f deb 6s Deb 5s with warrants 567,000 .1948 .1952 .1947 .1949 97 47 87 i 974 . s —1971 1951 Sale Sale Sale Sale 72 Sale 14,000 20,000 450,000 72,000 143,000 15,000 223,000 United United Sale 93 Sale. 94 Sale 54 Sale 103 Sale Sale 1064 107 4 103,4 1044 Sale 99 Sale 101 Sale 53 Sale 50 11 15 1054 Sale 107 Sale Sale 1034 1034 Sale Sale Sale 874 Sale 1074 844 Sale 994 "75"' 45 "55" Sale 82 Sale Sale 20 97 Sale 904 Sale Sale ,op 68 1004 1014 Sale 1024 1024 103 July 15 S8 July 46 88 July July 7 15 94 July July 87 88 Jufy 25 92 824 80 July July July July July 17 91 52 Sale 100 4 1014 102 4 Sale 103 Sale 1024 1024 Sale 1034 Sale 104 4 Sale' 1034 Sale 100 July 84 45 884 Sale 25 294 Sale July 424 July 99 4 July 994 July 994 July 54 Sale 44 30 23 9 94 July 10 July 24 994 July 2 54 Feb. 100 25 57 May 13 92 Jan. Jan. 92 Feb. 5 5 73 Sale 714 704 1054 D J O 44 69 Sale 36 67 Sale Sale 102 Sale "67"" 94 Sale A 100 Sale 102 4 734 674 F A A O D 43 J 15 J A O Sale Sale 49 24 78 70 70 A O M S 674 1 1034 O D 294 Sale M S 5s S M S A O 105 ----- J D 104 4 105 Sale F A 1054 1034 Sale 1014 Sale 108 1084 J D 102 Sale M S 1034 Sale J 67 100 Sale A O J M N J J A O M 8 874 Sale 1014 102 Without warrants — 9,000 Partic a f deb 6s —1 ...1940 MN 2,000 J 1935 2,000 Wickwlre-Sp.encer Steel 1st 7s Ctfs dep Chase Nat Bank 2,000 MN Wickwire-frpm Steel Co 7s..Jan 1935 7,000 Ctfs dep Chase Nat Bank 37,000. —- 21 31 8 "10 7 1941 A O 99 A O I ' 64 64 1933 MS J J 1970 A O 32 29 95 1941 Sale 29 J Certificates of deposit Tl-lot fts A 1978 Sale 85 82 91 81 1054 1064 106 12 12 124 10 15 414 43 Jan. 1054 May 21 814 Mar. 21 June Feb. 10 60 June Jan. Jan. June 84 Jan. 9 June 104 July 17 May 984 r064 1074 1064 1054 Feb. TO JHine 25' Apr. Apr. cl02 Mar. 68 Jan. 10 Mar. 30 Jan. 9 Jan. Jan. June May 50 1054 1044 1004 1084 1014 101 4 July July July July July July 1054 Sale 1044 Sale 1004 Sale 109 Sale 1014 1014 Sale Sale 107 Sale 1054 1024 1104 1044 103 4 444 Sale Sale Sale Sale Sale July July July July July Mar. 23 June 102 Jan 45 25 Apr. Apr. 93 Jan. July 484 July 1004 July 101 July 1004 Mar. 1044 July 31 694 904 July 15 934 1 804 78 July 78 103 4 1024 July 1024 102 4 1034 104 38 38 July 38 38 38 2 July ~40~ 34 36 344 "38 July 22 34 34 38 33 36 34 8 27 8 July 9 7 4 10 8 Sale 65 Sale 904 Sale 92 Sale Sale 80 Sale 43 <1 6 4 7 10 7 984 94 10 Sale 94 Sale 50 52 6 9 7 9 6 9 994 Sale 944 Sale 544 484 50 48 4 48 53 90 Sale 98 Sale 974 Sale 974 Sale 6 6 6 98 93 52 45 29 8 4 July 10 July 29 July 13 10 July July July July 974 July 974 July 1 14 8 64 994 964 55 574 30 101 29 1004 21 7 12 Jan. 14 Mar. 14 10 18. 20 23 29 Mar. 13 9 108 Jan. 101 97 Jan. 13 Feb. 27 Jan. 5 2 1014 834 27 834 25 834 Jan. 10 Apr. Apr. 11 13 13 June 19 108 Mar. 31 June 3 Apr. 17 July 31 1014 6 June 11 22 4 1134 Apr. 2 2 1044 July 17 1074 July Mar. 20 2 84 June 3 June 11 764 Mar 87 July 20 21 Jan. 9 22 Feb. 27 85 Apr. 10 Mar. 17 45 Feb. 27 Feb. 9 3 105 May 21 27 June 22 85 Jan. 17 90 79 Jan. 744 Jan. 5 9 97 Feb. 25 3 Mar. 23 Feb. 25 97 3 1064 Mar. 21 II 174 Jan. 10 Jan. May June 19, 23 Mar. 20 July July 311 69 Feb. 15 91 June 30 Jan. Jan. 30 105 2 1104 July Jan. Jan. Jan. OQ 17 Mar. 11 Feb. May 19 6 July 6 July 27 31 20 31 29 24 7 2 Apr. 83 2 Apr. 754 Jan. Jan. June 9 15 21 2 7 22 27 8 July 10 July 8 July 31 July 14 July 23 July 22 -tr 62 2 Feb. July July July July July July July July July July July July July Ti, 1 11 25 July 1 1074 July 2 1054 July 1 104 July July July Feb. 27 1064 July July 7 106 1 7 IT 58 June 2 1104 July 1 1024 5 Jan. 99 108 90 Jan. 1 1054 July July 17 110 13 1104 1 6 1074 July 10 Jan. Jun e 424 July 90 July July 84 9 1114 June May Apr. 514 July 44 July 85 July 8.3 July 106 July 124 July 414 July 9 Jan. 105 May 1 21024 May 27 15 414 Sale 854 Sale 1024 1104 Sale 1054 July II May 1 73 July 1044 July 59 July 51 July Sale 12 9 15 10 964 Apr. 1024 July 103 May 1034 May 1044 May 84 83 July 1034 July 50 July 50 July 49 July Mar. 21 85 1004 Jan. 984 Jan. 103; July 1024: JTtly- June 100 July 1 100 July 27 104 4 July July 22 1074 July July 8 112 July July 28 774 July July July 15 71 July July 30 87 36 July 1 July July July July July - Sale Sale May 18 1014 Mar. 13 72 "73"" July' 31 20 104 1004 Mar. 23 9 264 Jan. July 52 Feb. 25 May July July 914 May 16 1074 June 17 14 1004 July 72 July 25 July' 109 4 1054 1054 Sale 1094 iio" 1094 1104 1084 1054 1054 1054 1054 106 1054 106 1064 Sale 1054 109 10 96 Sale 834 102 4 9 2 Mar. 18 Jan. 914 Jan. 964 Jan. July 394 July 83 July 85 83 July 93 4 1064 1054 July 12 July Sale 18 Sale 10 Sale Sale 1014 1034 1054 Sale 1034 Sale 1054 Sale July July 52 50 43 4 Sale July 43 83 Sale 13 July 1034 Sale 64 464 J 85 504 J D 83"" .394 S M * 9 Jan. 90 884 June 1044 Jan. 22 79 M J 13 13 July 14 1024 434 July 504 44 4 July 27 704 July 25 694 504 41 1 104 July 994 102 68 July 15 70 Sale 20 Sale J J 694 50 494 102"' 1004 8 904 Jan. 924 Jan. 89 Jan. 1 1044 July 16 105 1034 105 59 534 96 O A J , 90 75 75 Apr. 914 Jan. July July July July 494 Sale 50 Sale 70 964 994 Sale Sale 99 103 1034 Sale 1034 Sale 1074 1084 1094 1134 111 1114 1134 111 724 Sale 73 Sale 75 674 684 Sale 684 Sale 81 4 824 Sale 82 4 Sale 324 44 34 4 324 Sale 24 Sale 85 1014 .... 1939 1950 1951 I960 S J 104 Jan. Jan. June Apr. 16 1024 July July 2 10.3 Sale 154 43 15 994 100 4 1064 J A 694 Sale 70 O O J 50 100 694 Sale F D 54 101 Sale A 101 50 Sale 60 104 1004 100 " Sale A M 52 100 D J 1044 105 1014 Sale 1014 Sale Sale 71 J 094 June 258 76 4 Sale 74 D J 10 90 July 1074 July 964 July 58 July 484 July 1004 July 101 July July 934 July 434 Sale 994 Sale 1004 Sale 87 1074 July 884 July 424 Sale 994 Sale 1004 Sale 994 Sale 984 18. 1054 July 106 4 1074 Sale 944 Sale Sale 65 page 90 Sale Sale 55 95 July 1074 Sale ... 93 4 964 10 804 July 72 July Sale 1044 July 105 644 July 564 604 July Sale Sale 954 July 92 July Sale 102 July Sale 1024 1004 July 54 July 60 1024 July 103 96 4 July Sale 1054 July Sale 106 4 July Sale 103 July Sale 1034 July Sale 99 July Sale 50 July 51 9 July 94 1104 July Governm ent Bonds" 1064 944 Sale Sale Sale Sale Sale 5s 94 91 614 1014 1936 n-ish 9 1104 1104 106 M N 15-year 64® Hold C 26 J "J —.1944 1938 44® gold.....1950 316,000;Younflstown 530,000 1st M 5s series B 97 Sale 97 Sale 134 103 1939 1941 28,000 Willys-Ova*»a»<£ 1st s f g 6s 98,000;Wilson A Co 1st s f 6s 6,0001Winchester Repeat Arms 74® 59 1034 1024 1064 Sale deb 5s. Fund A real est 1024 1014 Sale July 28 Sale Gold 5s 334,000 1953 357,000 Westphalia Un EI Pow 6s 43,000 Wheeling Steel Corp 1st 54s.—1948 1st and ref 44® series B__ 1953 50,000 62,000 WMte Eagle Oil 54® 1937 with war.. 1936 1,000 White Sewing Machine deb 6s 27,000| 1024 Sale 1004 Sale Sale Sale 88 Sale 37,000 West Penn Pow 1st 5s series A—1946 1st 5s series E .............1963 6,000 1st g 54® series F 1953 35,000 1st secured 5s series G—.....1956 33,000 111,000 43,000 110,000 249,000 Sale 794 1054 1044 Sale 364 604 64 964 984 Stamped Western Union coll tr cur Jan. 6 14 1074 Jan 24 1074 Apr. 10 17 1034 May 22 16 23 24 73 24 624 June 4 644 June 2 60 60 764 92* July July 23 804 July 15 100 72 28 964 July 102 July 20 105 624 July 7 60 July 31 20 974 July w* 78 944 July 27 1004 July 1 103 98 1 1024 July 41 62 July 1 102 July 30 104 94 98 July 24 1044 1 1064 July 105 10 1074 July 101 July 7 104 1024 1 1044 July 964 101 July 24 1 50 55 July 13 1 2 114 July 23 28 1054 10 1104 July 10 90 92 Without warrants. 4,000 1st s f 6s series A 1945 45,000 661,000 Warner Bros Pictures conv deb 6sl939 3,000,Warner Co 1st 6s with warrants.1944 Without warrants 1,000 1941 3,000 Warner Sugar Ref 1st 7s 1939 30,000 Warner Sugar Corp 1st 7s Western Electric Jan. 1084 Jan. July 27 2 78 July 91 July 30 6 81 July 7 814 July 100 5s... 1941 1942 1952 ll,000iVa Iron Coal A Coke 1st g 5a 1949 77,000 Virginia Ry A Pow 1st 5s, 1934 13,000 Walworth Co 6 4« ser A (with war) '35 74,000 16 Apr. 13 60 4 Mar 884 Feb. Jan. 404 July 934 July 974 Jan. 46 Jan. 874 Jan. 70 July 10 July 24 1 July July 30 July 30 89 88 98 Sale 8 1959 49,000 Warner-Qulnlan deb 6s 122,000 Warren Bros Co deb 6s Wash Wat Pow 1st 30-yr 5s 20,655 Westchester Light gold 5s July WA 67 87 6 July 109 July D — Debenture gold 5s 740,000 633,000 Vanadium Corp (Am) conv 50,000,Vertlenies Sugar 1st a f 7s -IVictor Fuel 1st s f 5s 70 994 Jan. 18. 18. MN M —1951 Sinking fund deb 64® ser A.-.1947 United Stl Wks(Burbach) s f g 7e 1951 U S Rubber Isr A ref 5s series A..1947 Universal Pipe A Rad deb 68.....1936 ...1953 78",666 Unterelbe Power A Ltg 6s 84,000 Utah Light A Trae 1st A ref 5a..1944 1944 154,000 Utah Power & Light 1st 5s 3,000 Utica Elec Lt A Pr 1st s f g 5s_.__1950 1950 8,000 Utica G A El ref A ext 5s *47 222,000 Utilities Pow A Ltg deb g 54s Series C 18 88 764 "i 1054 July 1034 1054 103 4 July' 1034 Sale 1 1004 July 994 100 4 994 July 994 Sale 1 954 July 90 July 90 Sale 904 90 J St L 1st g 4a.........1934 Steamship 15-yr 6e 1932 Steel Wks g 64s ser A... 1951 ily> Sale 97 n ser United Rye Sale Sale 1024 104 MS C Feb 1 1935 Deb 5s with warrant Apr 1945 10,000 1942 20,000 United Biscuit (Amer) deb 6s 467,000 United Drug Trust recoipft 5s..1953 f 914 124 974 954 1044 644 62 4 Sale See "Foreig J J Conv deb 6s First Hen s June 105 July 10 July 24 994 July 2 July 1 1 100 July 9 3 54 .... series B 1944 J D 1044 Tenn Elec Power 1st A ref 6s_...1947 A O 100 4 1944 1,486,000 Texas Carp conv deb J J 464 346,000 Third Ave 1st ref 4s ....I960 29 A O Adjustment income 5s Jan 1960 1,142,000 93 31,000 Third Ave RR 1st gold 5s 1937 J J 914 157,000 Toho Elec Power (Ltd) 7s ser A..1955 j" J 964 220,000 6% gold notes 1932 Tokyo Eloctiic Light (Ltd) J D 834 364,000 1st M 6* % Series June 15 1953 M 9 1004 Trenton Gas A Elec 1st 5s__ 1949 MN 72 'a, 666 Truax-Traei Coal conv 64®-——1943 MN 884 25.000 Trumbull Steel 1st s t o» 1940 25 J J Twenty-third St Ry imp A ref 5s_1962 924 24", 666 Tyrol Hydro Elec Power 7 H® 1956 F~ A 884 Guar sec s f 7s ... 1952 52,000 vi 8 984 105,000 UJigawa Elec Power 7s .....194' M S 1014 21,000 Union El L A P 1st g 5s .....1932 M N 101 Refunding 5s 1933 49,000 J J 1024 1st gold 5,4s series A. 62,000 1954 A O 4,000 Union Elev Ry Chic 1st 5a___ 1945 F A 1054 34,000 i nion Oil Cal 30-yr 6s ser A May 1943 A O 994 5s 80,000 19,000 93,000 25 1054 Jan. —. Co 1st g 5s.—1951 Taiwan Elec Pow §4® Term Coal Iron & RK gen Tenn Copper & Chem— July 28 May 28 * 1?44 41,000 Sate Prires 24 39 3 94 54 23 31 31 July 55 764 132,000 Shlnyetsu £1 Pow 1st 44®-1952 J D 18 34,000 Shubert Theatre deb 6o ..1942 J D J 984 42,000 Siemens Ac Halske sec s f g 7s.—1935 J 89 224,000 Debenture s f 64® 1951 M S 4,000 Sierra A Sa.> Fran Power 1st 5s_.1949 F A 102 67 13,000 Silesia-Elec Corp gold 6481946 F A 654 47,000 Siiesian Am Corp coll tr g 7s 1941 F A 9S 190,000 Sinclair Cons Oil 1st lien 7s 1937 M S 97 233,000 1st Hen coll 64® B.. 1938 J D J 1004 196,000 Sinclair Crude Oil 54® series A..1938 J 98 129,000 Sinclair Pipe Line 20-year 5s 1942 A O 794 144,000 Skelly Oil deb s 1 4® 1939 M 8 20,000 Smith (A O) Corp 1st 64® 1933 MN 103 M 8 69,000 Solvay Am Inv sec g 5s A 1942 1941 133,000 South BellT AT lstsf 5s 1054 85,000 Southw Bell Telcp 1st A re* 5s_._1954 1024 62,000 Southern Colorado Power let g 6s '47 1044 954.000 Stand Oil (N J) deb g 5a__Dec 15 1946 99 459,000 Stand Oil (N Y) deb 44® 1951 61 58,000 Stevens Hotel 1st 6s oeries A 1945 15 9,000 Sugar Estates Orlente 7s..—.—1942 M S J D 1074 3,000 Syracuse Lightiug 894 July 404 July y3 4 July 99 July 984 Sale 994 994 98 4 994 504 5133 Sale 50 4 514 864 874 i J 844 J J 864 884 108 109 Sale J J 108 Sale 1034 Sale See "Foreig n Governm ent Bonds", page Governm ent Bonds". page See "Foreig n 60 70 60 694 65 J J 60 65 744 75 60 A O 914 Sale 75 Sale 794 734 76 F A 894 85 90 Sale Sale 85 M N 87 Sale 754 Sale 76 Sale 78 78 Sale MN 764 764 Sale A O 784 Sale 794 Sale 1937 M N .1937 90 Sale 404 Sale 934 Sale O .1941 M N San Antonio Public Gen ref guar S .1948 A Guaranteed 5s Schulco Co guar 1054 974 S N July July July July July July July - 284 284 Sale Sale Prices Sale Prices. Sale Prices. Ask• 664 39 4 July 28 55 t 33 284 July 31 Sale 33 31 July 31 Sale Sale 31 88* 70 July 16 79 614 67 74 744 1054 July 10 106 1054 1054 1054 Sale 1064 1064 106 4 1064 July 1064 Sale 1024 July 31 1024 102 1024 1024 Sale Sale 654 63 Sale 764 85 4 1054 1074 A 1940 M B.„ Royal Dutch deb 4s with warr 13.000 Ruhr Chemical 6s 730,000 St Joseph Lead deb 54®-—— 0,000 St Joseph Ry 1, H A P 1st 5s, 58,000 St L Rfcy M A Pae 5s stmpd.. St Paul City Ry Cable 5s 41,000 614 554 Certificates of deposit 58.000 24,000 01,000 27,000 1,000 J Ask. Bid. Bid. Ask 1. Highest. Lowest. Hiyr.tsi. Lowesc July 31. July 1. 1931. EXCHANGE. SINCE JAN. RANGE PRICES IN JULY. Price BONDS July 2 1064 May 2 1114 June 3 19 31 11 5 Jan. 30 1074 Mar. 31 Jan. 9 1064 May 23 1044 Feb. Feb. June May May May July June June Jan. Jan. Jan. Jan. Feb. July July June Jan. June 1074 July 1054 July 1024 July C1104 Feb 1044 Apr. 1044 Mar. 794 Mar. Feb. 92 Jan. 1034 July 40 May 464 Apr. 444 Apr. 10 Jan. 84 Fob. 104 Mar. 11 4 Mar. 1004 May 101 Feb. 103 Apr. 83 Apr. 59 27 31 20 16 16 10 11 20 8 21 19 23 13 10 24 10 10 19 21 Jan. 6 June 12 June 2)1034 Feb. June 2|101 6 Apr. 23 MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING JULY Stock Sales. July— Shares Jan. 1 to 1930. 1931. July 31 365,539,110 In accordance witn a rale or the Stock Exchange, effective Oct. 3. ots, except In the ca*e of stock* which sell only In aggregate: sales Since a small way. Price Jan. 2 1931. Par. 10,000 20,000 90,200 375,250 39,000 34,850 Alabama & Vlcksburg 100 Albany & Susquehanna.100 Allegh & West Ry 6% gtd.100 Atchison Top 8c S Fe Line RR 19,945 Preferred 24,200 Bangor & Aroostook...; Preferred 165 Sale 104% Sale 101 50 50 OH ;4% 100 Pacific.. 52 110 41% *62% 90% 11% Sale 91 8 10 1% 56% 63 75 35 15 25 com 59% 70 1 Sale 26X 60 98 Sale Sale % 98 6% 100 19 % 10 Chic Indianap 8c Loulsv pflOO 100 .......... 165,350 Chicago 8c North West... 6,600 Preferred 266,540 Chic Rock Isl 8c Pac 15,900 7% prefferred 12,000 6% preferred ... 100 70 1st preferred 2d preferred 26,700 Consolid RR of 1,720 Cuba RR pref Sale 9% Sale Sale 103 95 100 92 95 100 83 86 67 50 77 82 77 77 X 50 43 Cuba pref. 100 34 % Sale 71,700 Delaware & Hudson 1<10 95,700 Del Lack 8c Western.. _5o 14,500 Denver Rio Gr & Wes pref 10(i 136% 137 Detroit & Mackinac pref.. 100 1,200 Duluth South Sh 8c AU..100 1,900 Preferred 34,800 5,600 80 20 Northern pref.. 110 Green Bay & Western 100 40 Sale 100 35 42 50 60 100 100 Leased line stock 100 * Certificates Preferred Preferred. 80 70% 108 71% ... .... 100 .100 Second preferred 100 Preferred 296,700 Mo Kan -Texas 56,850 Preferred 144,200 Missouri Pacific 85,700 Preferred 190 Morris & Essex ...100 ... 76 1,783,592 New York Central 100 16,100 N. Y. Chicago & St Louls.100 8,900 Preferred 100 York 8c Harlem 50 240 N Y Lackawanna & West. 100 par value. x Ex-dividend. 71l 75 Hi* 85 165 99 July 8 July 22 July 13 July 9 57 Apr. 36 X July 23 25 June 35 July 26 May 8 July 31X July 20 July 107 X June 45 X June 1 26% 14 X Sale 46 25 41X July 115! June Feb. 5 Feb. 10 Jan. 12 Jan. 12 Jan. 16 3 10 Jan. 8 10 2 2 7% Feb. 27 X July 7 51X Feb. 10 8 Ms Jan. 23 15% Feb. 10 45 X Feb. 116 24 Mar. 18 65% Jan. 101 27 Mar. 24 90 Jan. 28 80X Mar. 9 X May 28 44 48 Jan. 9 60 Jan. 7 56X Mar. 13 42 X Feb. 44 Feb. 24 11 3 157% Feb. 25 2 102 Jan. 8 3 45% Feb. 1G "'"% Mar."l9 1% Jan. S IX Jan. 9 39% Feb. 24 45 X Feb. 27 40 X Jan. 5 68 Apr. 22 69% Feb. 24 7/ 3 17 14 39 38 65 76% 70 Sale 63 36 Sale 90 21 23 7 S 5 22 20 38 2X July 15 14 26% July July 29 29 41 July 10 15 42 53 X July 86 86 July 31 July 15 July 22 36 July 29 20 X July 7 60 8 July 7X July 38 X July 24 24 24 July 15 July 0 July 24H July 10 61 41 9 % July 11 7% July 24 38 X July 24 175 27 27 July 59 52% 33 X 60 Sale 52 X 50 305* Sale 1 IX U X 5 46 X July Sale 15 29 3 35 July 12X July 28 4 11% 15 8 13 1 2% A IX 9 5X 7* 15 6X X 4X 2X 4* 30 8 15 45 25 15 60 38 Sale 13 14 Sale 50 Sale 26« Sale 21% Sale Sale , Sale "79" 8* s8Je* 1X4 1* J 92 47 67% 168% 110 Sale Sale 70 179 120 9 70 % July 17 28 1% 10 H X July 2X 155"" 149% 175 31X 33 47% Sale 2 10 X 15 25 43 Sale 62 84 X 87 50 60 X X . 1 30 X July 1 108 120 Mar. 67 13 X June Feb. 75 X Jan. 5X May 21 33 X June 1 66 X Apr. 30 41X June 86 July 60 July 36 July 19% June 20 May 8 7 30 June May May X Jan. 151 X May Mar. 3 Jan. Feb. 24 41% Frb. 17 78% Feb. 9 89 Feb. 24 Feu. 5 15 114 22178 Jan. 28 29 61 Jan. 23 2 34 Mar. 25 9 2 32% Feb. 28 13% Mar. 7 16 11 27 55% Feb. 11 20 Feb. IX 22 155 Jan. 28 20 Apr. 8 25 June 3 45 Feb. 26 40 June o 64 Feb. 9 1 61 Jan. 9 Feb 9 315a July 50 July 44 X July 83 July 7 7 3 3 58 X July 8 10 3 46% July 15X61 30 2 39 May ' X Jan. 13 3% 3 6X June 10% Feb. July July Feb. 17 25 12 X July 28 12 Feb. 18 1 37% June 61% June 3> 111 June 1 2X May % Jan; 18 15 22 IF 20X July 62 July 83X July 55 July 30 14 42% 5 3 July 74 1 July 84 X July 28 55 1 July 6 X July X July 22 94 July 21 96 48 July July 68 X July 167% July June 1 29 June 50 June 70 May 47 June 3 94* 45 2 107 Mar. 11 - 29 Jan. 16 Fob. 21 Feb. 11 Feb. % Jan. 1% Feb. 9 Feb. 24 June Feb. 24 . Feb. 11 Mar. 9 24 Fob " 105 25 5 June 2,143 2'132% 3 July 30; 88 7! 35% July 3li 94 7)147% June 2 227 25* Jan. 5j 85% Apr. 11 Hi 80 % May 28': Mar. 20; 3 28 Feb. 28 Feb. 6H Feb. 17 X Jan. 12 11% Feb. 10 14 July 28 8% June 11 3 July 3 9% June 3 39% June X July 9 IX Mar. 18 20 H July 12 7X July 3 14 July 28 30 July 9 17 July 3 61X July 2 : 4 27% Feb. 17 X July 3 5 July 29 14 July 28 29 July 3 13 July 29 50 July 31 X J«iy July 119% 94 Sale 73X July Sale 25 July 35 X July 35X Sale Sale 155 155 July 94* IV4 Apr. 41X July 51X 36 42 X 80 17 X June 63 53 X July 46 5% X May 27 2 13 X June 25 June 67 73 "45 30 60 Sale ?% I .... Sale 5 110 10 15, 25X July 3 30 35% July 6 30! 20 July 30 39 X July 75 July 121 4X June > July 74 Sale 58X Feb. 3 Ms June 55 42 82 H 6 3 110 June 4 15 X June 44 68 113 Sale 7, July 8 July 22 44 Sale 30% Sale 50 June il* 79 Sale 88 75 Sale Sale 100 May 29. 1 20 9 Apr. 30 Jan. 50 July 74 X July 69 X July 77 July 47 X July Sale^ 24 June 24 Feb. X July X July X Jan. 7 48 51 70 440 New Orl Tex 8c Mexico ....100 No 40 Feb. 20 Feb. June 27 June 31 2 29 15 8 3 47 X 40 * ...100 40 70 35 100 1,16 Nash Chatt & St Louis...100 10,300 Not Rys of Mex 2nd prof..100 3,080 1st preferred .....100 8,460'New X .......100 Leased line. 4 Jan. 89 19 31X 26X 42 X 50 8* if* X 3% 7,700 Minneapolis 8c St Louis..100 18,500 Minn St Paul & S S M 100 500 Sale 25 ion Prior preferred.. 710 51X 21X Sale June 24 X June 60 Jan. 44 X May 24 % June Sale 28 22% 100 6,900 1,380 Sale Sale ......100 Preferred If* Sale 90 % Juno 20 June 27 96% July May X 22 % 54 2 4 165 45 20* Sale Sale 50 11 22 X June 50 May 33 % Sale Sale Feb. 85% Jan. 7X June 51X May 2 3 7 29 60 Sale 25 2 June 35 —* 96 35 53 Mar. 10 64 47 29 21 85 July 99 July 180 July 38 X July IX July % July sit* ii* 51X Sale % 53 X Apr. 25 32 26 41 88 117% 119% 117 % July 29 134 X July 52 X July 30 53 X 68 X July 24 23 X July 16 25X July 15 86 ~5% "10"" 1 9 Feb. 1 27 58 X 34 1,430 Manhattan Ry guar......100 770 Sale Sale 78 28 X July 26 25 34 X July 92 July 34 62% 40 X 100 36.200 Lehigh Valley... 50 35,800 Louisville & Nashville....100 247,700 Mod guar 2,070 Market Street Ry 35 112 8% Sale 100 . Central 40 Joliet & Chicago RR 7% pflOO 23,300 Kansas City Southern 100 6,100 Sale 11 Feb. [ Mar. Feb. 7 1 56 13 20 2lV" 24 23 Jan. June OX July 11 July 44 60 X 123| July 64 X July 7 [ Feb. 24 ; Feb. 27 99X June 4X July 7X July 57 50 Sale June 47 27 May 27 i Feb. 24 i Apr. 13 65X June 3 44 40 6% pref series A... lon-a 25% 100 Sale" 78 Prices. Jan. Jan. j 43 X June 7 % July 27X July July 92 July 35% July 71 July 67 July 77 July 73 57 100 2,450 RR sec stock ctfs 1000 196,400 Interboro Rapid Transit.. 10< 11,300 Certificates of deposit.. 100 100 83X 60 72 350 77, 20% 18% 10 9 43 X 68 44,700 Hudson & Manhattan 100 4,800 Preferred ...100 1,165 65 35 20 1,060 Int Rys of Cent Amer 60 X 16 ...100 168,800 Illinois Central 70 60 663A 63 X July 93 X July i 27 112% Apr. 20 132X June 100X June 5X July 23X July 25 96 % 58 X Sale 19.400 Gulf Mobile & Northern.. 100 6,000 Preferred 100 2,200 Havana Elec. Ry Preferred Sale 80 56 X Sale 133 X 67 25 5,*/s Sale Sale ~45_" 31 Jan. Jan. 106 Sale 25 75 44 X Sale 10754 m. Sale 35 X 70 X 28 191,150 Great 3,000 890 Sale ..... ...100 First preferred Second preferred.. 92 Sale 25% 50 X 30 Sale 28% .....100 80 Erie & Pittsburgh 250 ; I 67 37 .... * 60 100 X 25 43 X Sale 105 42 July July July July July July Highest. 225 15* sx 47% Sale >1 i 3 July 9 106% July 101 1 July 64 X July 3 72 July 17 56 7 July 110% July 22 1. JAN. Sale Prices. 50 100 40 % 50 31X X X « 100 100 96X 174 Sale 50 Sale 9% 98 X 175 Sale Sale 34 .......100 191,700 Erie Sale Sale 34 81 43 X 74 1,500 Colorado 8c Southern.... 100 430 6% .... Prices. 170 30 SINCE 15 24 X '"5% Sale" Paul Ik Pacific 98 15 115 109 Sale Sale Sale 32 24 X July 88 15 18 25 105 Western..100 98 174H 193% 163 35 36% Sale IX Sale IX 1 X Sale ..... 100 220 Cleveland 8c Pittsburgh 100 Special Sale 88 200 C C C & St Louis pref....100 201,800 Chic Mil St 358,200 Preferred 40 25 85 96 Preferred 104,600 Chicago Great 167,000 Preferred 32 62 100 basis of 100-share on Lowest Highest. Sale Prices. 223 60 60 194% 225 Lowest. Ask Sale 85 RR are RANGE 150X July Sale 104% July Sale 88 92 88 July Sale 48 X Sale 48 X July 71 67 68 70 July 56 53 57 X 52X July 108 111 109% 109 X July ;/ *•}.X-& ' 42 43 X Sale 58 X Sale 58 X July 91 92 92 X 87 X July 12 10 X July 12% 11% 61 64 X 62 64 July .100 40I Price* IN JULY. *151%Sale 105% Sale .100 Preferred certificates Chic 8c East 111 Bid. 209 Sale (5 100 290 Canada Southern 650 Carolina Clinch 8c O 600 Sale 12 >4 2,110 Stamped .........100 3,900 Central RR of N J 100 834,400 Chesapeake & Ohio..... 25 64,700 Chicago 8c Alton. ..100 60,600 Preferred 100 .... '§" i9% Sale 2 % Sale •3% 57% 17% 108 ..... 1,633,022,200 per «bare. 115 100 100 3,800 Boston 8c Maine.... 223 230 112 356,700 Bkln>Manhat tr ctfs * 24,400 Trusts ctfs pref 33,900 Brooklyn & Queens Transit.♦ 16,900 Preferred 948,780 Canadian July 31_ are now quoted dollar* July 31. Ask 100 .... 100 Beech Creek RR July 1. Bid. Ask. 220 100 Coast 790,415 Baltimore & Ohio 1,560 Bid. 100 Preferred Atlan Jan. 1 to 1915. all stock* PRICES STOCKS Shares. $190,309,800 1,652,219,700 $218,875,200 Option sale* are disregarded. N. Y. STOCK EXCHANGE Jan. 1. 1930. 1931. July 47,746,090 540,414,800 33,545,650 1931. Bond Sales. Jau. 15 110 June 4 EXCHANGE-STOCKS N. Y. STOCK 30 AGGREGATE SALE' W Since hi .Lin: July T Jan. 2 STOCK EXCHANGE 1931. l. 90C 90C 50,301 4,101 4.60C 53C Preferred ..100 ..... 250 Northern Central I9"l6i 249,200 Northern Pacific 100 60 90 90,001 5,001 Pacific Coast First preferred....... —100 ; 720 ECf 3d preferred 100 Pennsylvania 50 1,142,901 — 3,600 8,001 2,340 I,230 160 230 Peoria & Eastern 100 Pere Marquette.. 100 100 Prior Sale 7 172 90 k 95 Sale 8 6 57 k Sale 7k 95 77 76 k 80 ; 9,901 10 loo 330 *80? 20,501 3,001 9,101 20 100 400 30 130 0 1,400 20 25 52 55k Virginia..100, Pitts Ft Worth & Chicago. 100 Preferred 100, 140 k 158" Pitts Youngs & Ash pf 7% 100 §5k Sale Reading Company ...50 46 47 First preferred. ——.50 42 k 47 k Second preferred .50 137 147 Rensselaer ft Saratoga.... 100 23k 30 Rutland RR. pref 100 Pittsb St 10,500 9,300 26,200 2,100 43,300 22,800 1,700 200 800 Texas fie Pacific 600 30 31,400 6,900 2,800 1,200 Preferred B 100 23,200 IJ 100 1,000 1,100 358,900 5,400 13,000 _ 21,750 170 Preferred... 550 166,300 .. 38,300 2.201 73,600 2,350 100 90 15,101 2,200 1,000 600 o49o 670 .3,288 3,700 **1 200 '|30l 901 201 , 10,300 30 130 700 ..... Beet Sugar 1,475,700 1,600 1,800 5,400 45 900 2,800 5,400 19,900 6,200 200 39,200 3,200 130 3,700 1,200 12,800 3,000 400 8,700 20,000 36,000 59,050 27,700 27,700 27,300 100 10 9 41 Sale 28k Sale Sale 77,200 5,100 683,300 43,900 6,330 79,375 12,800 437,200 37,200 3,800 90,900 Sale 6k c 7 39k Sale 44 38 39k Sale 45 78 176k Sale 121 120 33 k 15 k Sale 18 2 16 17k Sale 700 """550 220 ♦No par Sale Sale 27 25 Sale 15k Sale 25 87 13 84 k July 12 July 15 24 20 41 41 Sale 153 86k 14k 25 July July July July 8 8k 7k 35k 45 84k ik*6 20 152 Sale 14k 9 17k 19k 1S* 18 70 50 60 50 70 50 70 Alleghany 25 * * * 28 k 82 * 74 * * * .......100 — llomo Products * 69 7 100 Preferred Corp * Sale 90 75 Sale 25 41 30 172 July 27 16 14 k July 16 July 21 16 July 8k 14 k July July 15 9 k July 16 k July 15 30 18k 6 17 k July 16 July 15 6 k July Sale 4k 5 74 4 12 k 8k 7k 33 k 29 Sale Sale Sale Sale 35 Sale 32 30 24 k 55 46 Sale 127 14 k Sale 8 8k 6 4k Sale 15 5 23 July 1 zl6k July 8 k July : 15 8 k July 31 23 33 k July 18 k July ; 30 30 32 k July k July 6 July 21 17 Sale 17 29 k 46 29k 29 k July 37k 61k 30k 120 Sale 70 Sale 109 Sale 149 150 9 11 30 July July July 27 126 15 27 k July 15 27 July i Apr. 27 June 3 May 29 July July 20 13 37 k July 60 July 2 k July 8 2 15 July 9 July July July July July July July 17 18k 17 k Sale 60 64 60 k July 2k July 20 July 20 k July .Tune 62 k Jan. Jan. 76 May May 33 k Jan. Feb. 60 May May 2 k Jan. 12 12 109 k Feb. 11 lk Jan. 2. 65k Feb. 3 83 Feb. 10 June 3 76 Jan. 30 Mar. 10100 Jan. 14 15 k July 17 k Feb. Feb. 62 10 June 2 205 k Feb. 24 5 May 18 87 33 k 88 k 78 62 26 Jan. June 51 Jan. Apr. 26 Apr. 28 20 June 14 k Feb. 24 9 May Apr. 31* 90 Feb. 24 Jan. June 94 Jan. 20 5 May 21 Feb. 26 31 22 Feb. 26 Jan. Jan. June Jan. 14 Apr. Apr. 6 1 July 16 Feb. 2 Jan. 16 5 29 Feb. July 15 Mar. 17 Jan. 29 Feb. 16 June 1 Feb. Apr. 30 Feb. 24 24 June '27 4 Feb. Jan. 2 June 3 June 2 June I3 4 10 24 Feb. 25 Feb. 25 June June 2 May May 5 June 3 4 15 June 25 k July 88 k July 76 k July 49 July 5 12 k k 25 21 * 31 Sale 71k Sale 3k Sale * 100 w • 24 k ♦ 50 Sale 90 Sale 75 23 15 18 69 k 70 k 33 k 3k 2k 13 61 7 6 21 Sale 56 k Sale 20 k 54 k 64 12k 13 Sale 16k 19 16 k 75 70k 74 70 k Sale 31k 3k 3k 10k Sale 31k 2k 60 78 Sale 3k 3 Sale 81 26k July 52 k 14 Sale 9k 50 Sale 48 k 4 3k Sale 50 15 31 31 2k 9k July July July July July July July July July July July July July 9 k July 91 81 24 3 July July 31 16 9 Feb. Mar. 25 Jan. 24 Mar. 21 23 5 2k Mar. 29'4 Feb. 29 k Feb. 25 19 62 k Feb. 66 k Feb. 26 13 4 k Jan. 17 k Jan. 9 9 Apr. July Feb. June 12 29 72' 31 129k Mar. 26 4 152 k Apr. 30 3 June 22 June 2 June June Apr. June June June Jan. 38 k Feb. 24 86 Mar. 18 43k Feb. 24 88 Jan. 23 48k Mar. 20 Mar. 28 21k Feb. 27 14k Feb. 16 60 Mar. 16 Feb. Jan. 90 June 79 k Feb. 10 k Jan. Apr. 2 33 k Feb. 24 June 8 -212 3 51k Feb. 24 Mar. 20 3400 26 25 9 Mar. 31 7 k July Jan. 8 29 k July Jan. 30 Apr. 63 k July June 64 Mar. 20 25 k July 68 k July 16k July lk July May 31k Feb. June 77 k Jan. Feb. 26 July May 19 k July 75k July 34 k July 4 k July 3 July June June 13 k July June 14 July May May 50 July June 15 July 49 k July 38 k July 65 k July 8 k July 7 k July Sale 61k 20k 11 Feb. 24 May 27 38 July 15 124 k Mar. 10 June 3 12 k Feb. 24 Jan. 13k Sale Sale 5 June July July July 50 July 14 July 9 July 7 k July July Sale 22 k Feb. 46k Feb. 20 60 May 4 1 182k Feb. June 21k July 69k July 6 k July 6 k July 20 Sale 77 k Sale 22 6 Sale Feb. 12 126 3 42 k 18 k May 27 Jan. 16 2k Apr. 29 20 June 114 k July 150 July July lk 19k Sale 8k Feb. 3 May 28 May 26 12 Sale June '3 63 July 3 k July 13 k July 150 F 24 12k 49 6k Feb. 54 Sale 8 13 4 3 1 76k Sale 8 May May 2 81 24 19 k Feb. Feb. June June 90 Sale 9 9 June Jan. 250 27 k Sale 88 k Sale 9 1 76 75 Sale 250 17 June 44 15k July 80 43 7 Sale 10 June June 20 17 74 44 6k 27 27 9 24 June July 16 85 Sale 5 21 148k Mar. 16 i May 29 31k Feb. 11 40 k July 50 July 20k 76 43 Sale 11 .Tan. 17 k July 41k July 31k July 115k July 7k July 70 July July 20 6k 25k 16 July July 2 Sale Sale 97 k Feb. Jan. 46 Jan. 47 13 27 k 28k 119k 113 k 7 6k 6k 70 71 68k 91k Sale x90k 149 k Sale 148 "16"" 15 7 27 k 115 54 Apr. 26 Sale Sale 16 k July 65 k Sale Feb. 23 20 13 k 8k 7 Mar. Feb. Sale Sale 6 157 Apr. 16k 62 8 Mar. 9 Jan. 86 July June 7 4 Feb. June 3 Sale 11 May 16 20 June 18k x\7 19 8 June 30 60 Jan. IF July 17 43 25 124 20 13 13 k 10 Feb. July 31 133 20 50 Feb. 105 k Sale lk July 55 Sale 129k 122 k 124 23 k Sale 26 k Sale 13 k 15 15 12k 2 2 1 lk 3 July 18 k July 9 11 1 Jan. July July July 7 Sale 23k 125 18 12 23 k 17 106 k 10 Jan. July 33 '73k July "31 "87 k 64 k 14 72 * — 27 Sale * * July 23 k July 86 87 Sale 23 k 100 Voting trust ctfs 31 Sale Am Machfic Foundry American Metal 105 k July 14 July July 105 k July 17 k July 88 July 25k July 18 k July Sale Amer fit Metals 5k 5 July 30 36 47 k 70 Preferred Sale Feb. Apr. 24 June July 18 k July 15 14 Sale 5 31 4 Sale Sale 17 July k July Sale Sale lk 100 Locomotive 84k 5k 3 64 Jan. 86 k July 16 July Ilk July 12 Sale France & Foamite...* Preferred Sale Jan. 2 June July July July 8 July 7k 5k 21k 58 k ...... American Ice 6k 150 100 — 25 50 * t c V 15 k 87k Mar. 23 Juno June * of 31k 103 k Sale 4 19k 14k 37 30 k 105k 105k Sale . 14 Sale 86 27k 25 19 i 17k Mar. 23 8 Apr. 29 5 15k July 25 20 ilk ilk 50 7k * 55.400 Am Nat Gas preferred 1,760 American News Co.... value. 10 114 k 100 ((*) Preferred (6) 15 Sale Sale Sale 30 * Express Co Machine July July 21k July 30k July k July l k July 86 k July 39 July 59 k July 55 July 9 100 pref A. Amer July July July July , _10fl Internat 30 41k 58 k 2k 25 Foreign Power La 17 40 28 34 17k lk 15k * Amer Hide it Leather. Am 13 40 ,'A Sale Sale 8 Am Hawaiian Steamship..^.10 Amer Sale 18k " 100 Preferred 148,000 Amer 19k 4k 50 Chicle Preferred. 38 18 102 k i* * El., County, N J 2d 22 15 9 26 k 99 k 100 Boveri Preferred 31 July July July 13k 13 k 16 * Preferred Am & July 29 20 Sale 95k 6k * 14,500 Amer Encaustic Tiling 51,600 Am European Securities. 8,000,300 15 k Sale 85 18 44 * Preferred 50 American Sale k 7 12 12 June July July 15k 33 k 166 Sale 9 140 29 12 Sale July Sale Sale Sale July July 44 Sale 12 14 100 Am Brake S fic F 154.700 Am Com Alcohol 24 3 29 10 July 9 43 75 24 29 18k 55 31,500 American Colortype 5,400 1,200 5.801 24 160 k July 35 Sale 1 18 ; Mar. 7 163 Feb. 24 153 31 20 31 85 100 Co --- Sale 3k Sale * Preferred 3,400 American 119,200 Am Coal 145 9 Juuo May 28 May 16 8 July 40 8 July 40 13 k 8 * 9.890 American Chain 40,100 Preferred 3,300 40 59 21 50k 6k 10 1 Amer Car & Foundry 88,000 ! 35 55 * Min.10 150,850 Preferred 10,220 American Can 6,172,300 Preferred 15,609 4,700 I 50 60 85 41 Preferred — —. 1-5/01 Am Brown 38 52 rn ->220>American 2,100 4.800 1,550 937,201 1,000 , oon 21 35 July 56 27 July June 7 7 26 June Juno 30 64 25 3,800 Preferred 1,600 Amerada Corn * 103,400 Amer Agric Chem (Conn)..* 2,200 Preferred * 1,000 Amer Agric Chemical (Del).* 42,300 American Bank Note.. 10 o Sale 56 83 k 24 * ...100 — 56 55 23 k * — Gold Alliance Realty 110 Allied Chem fic D.ve 3,501. 3,400 59 Sale 80 k 23 k * 2,580 100 54 55 100 1,721,355 Preferred 13,609 Ailis Chalmers Mfg 422,275 Alpha Portland Cement 37,445 Amalgamated Leather 6,100 Feb. May 24 Feb. 26 2 217 Mar. 31 8 93 2 3 90k June 18 60 k Jan. 27 June 31 53 k July 13 July 62 85 70 99 * Alleghany Steel 181,501 700 62 k July Jan. 42 Sale 90 Pref series A $40 warr'ts 100 10,350 Sale Sale 90 ■ 2,101 29 k 57 k k lk 10 4,792,000 A P W Paper Co * 19,700 Allegheny Corp * 1,497,900 Pref series A S30 warr'ts .100 28,650 Pref series A $30 ex-war .100 9,600 58k 60 28 \rA 100 Preferred Juneau 8 45 30 ...» — II,600 Air Reduction Inc... 1,032,800 Air-Way Elec Appli Corp 106,100 Ahumada Lead. 156,400 Alaska 6 40 76 35 .....100 .. 57/",700 56" 31 29 18 Juno 24 8k Jan. May 25 8 Sale "16k New... 42.300 44 k Sale 100' ....... 5,060 Adams MRUs 23,300 Addressograph Internat 16,600 Advance Rumeiy 63,900 "T,20(J Sale 3 Sale 83 17 41 *i Preferred...... 410 1,300 2,300 48k July lk July 43 k July 31 3 37 k 58 180 84 100 Preferred _ 40 4 Sale 495* *j Abitibi Power ft P 38,400 Abraham & Straus 10,820 Preferred 1,210 Adams Express 633,600 500 lk lk Sale June MISCELL.l & INDUSTRIAL WW 7,600 1,000 1 4 Sale 85 6 100 -100 .... 3 2 49 _100 Preferred Wheeling fic Lake Erie 2 45k "July ""3 July 29 2 July 27 4 July 1 3 50 0k July 34 k July 2 July 93 100 Western Pacific Sale k k 75k 27 k *68"' .100 100 Second preferred 49 Sale 100 .... Western Maryland.. 91 35 20 Sale 100 89 lk Jan. --- Sale 23 40 100 .... 90 92 Sale 156k 163k 156k 163k 160 k July 152 151k 69 July 72k 78 I 65 71 July 43 44k 43 44k 43 July 42 k 43 Sale 43 k 43 140 July 140 150 137 139 Sale 80,200 Twin City Rapid Transit.100 26,510 Preferred 100 1,744 Union Pacific 100 289,850 Preferred ...100 40,200 Wabash 100 106,000 Preferred A............100 32,200 Sale Feb. 94 £ Feb. 8 119 2 13 k June Fob. 2 5 2 June /• 145 Sale 43 Francisco..100 Louis-San Third Avenue ~15",406 1.200 'Vest 163,900 Preferred .......100 63,405 St Louis Southwest 100 55,000 Preferred 100 6,100 Seaboard Air Line —* 317,000 Preferred 100 34,200 Southern Pacific Co 100 437,800 Southern Railway.......100 261,601) Preferred.......... -.100 17,350 Mobile & Ohio certlfs—100 4,500 ■3,100 300 84,601 «c Ilk Highest. June 3 7 21 Sale July 2 1 July 1 July 5k July 28 6 7 July 31 175k July Sale 164 July 2 90 k July 93 k 1 91 31 77 k July July 31 116 10k July 15 13 k July 110 Sale 164 a 60 Phila Rapid Transit Co.. 70 Phlla Rapid Tranait pref—50. 400 1. Sale Prices. Prices. Prices. 64 k July July Sale Sale 88 k 45 Sale 10 preferred.... ......100 Preferred Ilk Sale 1 k 5k 4k Sale 87 k 47 k 2 SO 100 100 64 k 110 114 113 205 Sale 198 90 ....100 Norfolk fit Western Sale 74 k 110 VA Ask. Bid. Bid. Sale Sale Prices. Sale Ask. Lowest. Highest. Lowest. July 31. July1. Ask. Bid. Par. lOOj 75Ji' 265,600 NYNHft Hartford Preferred.. 100 109 ,33,901 97,001 N Y Ontario fic Western—lOO; *| 11,701 NYRys of 100 5k 11,101 Norfolk Southern. 20.30C 4.90C 14,901 JAN. SINCE Price Shares. Shares-. RANGE PRICES IN JULY. STOCKS June June June May May , lk Jan. 15 July 30 k Feb. 6 9 30 26 9 3 26 84 k Mar. 6, 43 k Mar. 19 Mar. 2 7 5k Mar. 23 k Feb. 89 k Feb. 39 k Jan. 57 k Feb. 2 24 5 20 26 EXCHANGE-STOCKS N. Y. STOCK AGGREGATE SALES In Since July Jan. 1. Shares. Shares. 29,200 3,100 1,000 4,500 52,400 487,000 27,500 Price N. Y. STOCK EXCHANGE Jan. 2 160 1,070 52,400 800 43,800 4,800 Ask. ...* .......—* Preierred Preferred Pref A 82 80 % Sale stamped Stand San._* Am Radiator & Sale ........25 Sale 6% 21% ...• Sale 48 American Safety Razor 5,810 '690,395 14,200 20,500 14,700 1,210 48,200 22,910 172,310 3,318 23,700 77,300 17,300 1,000 2,800 1,800 320 9,700 1,400 6,700 120 1,900 8,400 1,700 800 44,500 271,600 9,800 90,300 2,766,778 * Sale Refining, ..—* Preferred..............100 Sale Vmer Ship & Comm ... — Amer Smelt fit * Sale —* Sale Foundries....—* Sale Preferred. Steel Preferred 39 2.600 200 10 28,100 7,400 1,100 34,800 62,400 1,300 18,600 1,800 74,600 10,500 200 3,200 1,200 524,800 3,967,054 19,800 900 3,100 Sale .............100 Sale Sum Toh... 1m"- X"lep & Teleg 153,000 AJMMAi Tobacco 984,00U 14,830 6,200 1,690 741,000 47,200 8,700 146,200 360,300 45 Sugar Refining.100 Preferred \m 110% 100 ...... Stores American Vmerican 104 ...........109 Preferred.. Amer Solv & Chem Corp liner Sale 25 .... 100 Sale 25 Sale Sale 125% 102 Sale Founders.... .100 \m Preferred 100 ... Certificates 1st Sale * Am Wat Wks fit El 100 American Woolen —100 Preferred 105 6% Sale 21 Sale 100 * Sale Sale Sale Sale Sale 49% 5% 70 5,400 20,700 8,700 3,200 17,100 1 270 270 420 200 400! 1st 100 preferred .... , 800 11,400 200 Atl G At W 270; 800 . I SS Lines. Preferred.i............1001 9,200 41,600 1,000. .. ...25 605,700 Atlantic Refining 26,400 Atlas Powder Preferred 100 2,930 * 17,600 Atlas Stores * 2,400 Atlas Tack Corp .* 3,286,000 Auburn Automobile 5,200 Austin, Nichols & Co Prior A .._..* 2,650 1,900 Austrian Credit Anstalt..... 35,000 A u t os a1es..................* Preferred.... 50 2,688 * 460,360 Aviation Corp . . ..... 400 182,800 ..... 300 130j 13",700! 810 ....... j 30,400 12,900 6% 60 740 2,100 1 400 280 5,900 400 600 2,500 2,900 123,600 12,100 652,300 4,100 1,300 180 3,690 2,000 153,100 6,700 22,200 24,160 8,900 1,351,200 247,200 5,213,400 45,800 83,200 1,004 Beech-Nut Packing .... .... Bloomingdale Bros. Preferred 850 200 Blumenthal & Co pref 19,400 266,000 900 Bohn Alum Ac Brass Corp 10,100 Bon Ami class A 500 9,200 Booth Fisheries...... kst preferred 1,540 923,800 Borden Co 862,100 Borg-Warner Corp 6,470 Botany Cons Mills A 94,3'66 31 50 18% 45% 97 39,800 2,390 2,500 31,400 Brlggs & Stratton 1,900 8,200 4,900 410 490 150,300 6,200 9,000 5,900 6,600 140 1,895,500 38,380 56,500 109,800 59,100 11,300 54,600 2,970 288,800 146,400 85,200 4,300 Preferred 170 9,800 3,200 3,200 400 6,570 2,900 170 180 15,000 6,600 1,800 132,600 60 / lH 2% ■ 20 100 94 100 * "32" .._* 3 Sale 142 1% 1% 25% 26 60% 2 % 3% 3% Sale 1,830 Bush Term Bldgs. pref 46,400 Butte Copper & Zinc 77,400 Burterick... . 82 Sale 64 1% 7 Sale 57 16 19 Sale Sale" ■ 1^5^ Sale 26% 115 10 Sale Sale Sale Sale 4 53 Sale 37 Sale 36 2% 2 11 Sale Sale 12 . Sale Sale 8% Sale 10% Sale 8% Sale 11 j 10% 51% 2 H 23% 1% 22% * 22% 21 100% 86 .100 5 ._* 108% 101% 14 H 11% % 28% * 10ft iQ 29 14% 36% 7% 3 137% 1 23 2% July 10 July 6 July 23 25 July July 18 2 80% 9 July 22 3 1 6 20 "7% "30 "9" July" 15 1 15 20 16 15 30 30 30 20 3 20 30% July July 22 1 % July 23 July 17% July 1% July 16 July 55 15 15 18 31 2% July 30 11 July July July July July July July July 29 14 31 July 31 July 14 3 July 37 July 31 8% July 27 10 % July 18 4 8% July 31 2 108% Mar. 16 3 11% Feb. 13 2 201% Feb. 26 3 22 2 June June 28* 60 2 128% Apr. 2 Apr. 3 132 30 105 55 July 8 85 June 2 1 40% June June 38 3 5 May 16 Jan. 110% Feb. 28 80% Feb. 96 3 80% Feb. 26 Mar. 19 98% June 23 107 3 5% June 11% Jan. 12 2 20% June 40 July 30 3 27 31 30 1 iiH 26* 9 1 Apr. 29 4 2 18 June May 26 Jan. 10 3 18% June P June 10 20 1 19% June 89% Feb. 2 June 13 9 36 6 98 May 18 18 May 27 102 June 2 Jan, 5 17 Mar. 20 85 July 7 31 Feb. 39 Jan. 18 7 11% June 2 June 3 29i 7 3 2 Apr. 29 Jan. 7 9% June ~ 101% Apr. 2% June 11 33% July 1% May 9! 7% Mar. 3 5% June Feb. 27 6% Mar. Jan. o. 2 33 Jan. 90 2 June 1 June Mar. June g 123% June 82% May 11 Apr. 9 Apr. 15 June June 47 June Jan. 4J Jan. 3 13 Feb. Feb. 17! 76 14% June 1% May _ Jan. Mar. 2 of* Feb. 17 26 129% Mar. 19 July 27 July 30 10% Apr. June 32% Jan. 117% Mar. Am 8% June 8 May 3 May 11 July July 22H Mar. 25 Feb. 13 9% Feb. 10 20% Feb. 19 34% Feb. 10 114 Apr. 21 June June nf* Apr. 2 7% Apr. 2 8% June 2!i 3 8% June 6 50 13 2 Mar. 17 2% May 11 25 2 27 Feb. 26 Jan. 30 Feb. June Feb. 23 15 K Apr. 27 Jan. I!* June Jan. Jan. 10 June 23 3 20 20 Mar. 20 30% Feb. 27 3% July 30 24% Mar. 24 June 35* Mar. Feb. 29 20% Mar. 30 22 24 19 26 6 21 25 9 95 1 18 Feb. May 3 2 Jan. 46% Mar. 70% Mar. 20% Jan. i99 5 60 80% Jan. 30 June 19 Mar. 16 Feb. 11 ? 25% 3i June June 15 2 Mar. 19 1 16 July 60 2 81 Jan. 16% Jan. 2 Apr. 9 2% Mar. 26 6 15% May 14% Feb. 26 Apr. July 16 7 62 June 1 14 10 10 20; 1 5 Apr. 27% Mar. 19 104% Mar. 19 Feb. 11 107 23 July Jan. July 51% Jan. 2% July 5 2 June 70 11 Mar. 30 28 2 Jan. Feb. 54 99% Jan. 16 13% Feb. 10 14 June 7 53% Jan. 21 23% Feb. 24 May 29 May 15 3 14 10 July May 26 July 15 July 30 2 6 30 8 Feb. 20 2 15 Jan. 80 1 10 Jan. 20% 28% % 29% May 18% June May 21 10 83 98 1 1 Jan. 19 2 21 6 7 6 Jan. 12 101% Jan. 1 22 7 Jan. 7 -7 4 Jan. July 3 10M Feb. 26 13 84% June 27 30 Feb. Jan. 29 27 21 Feb. 85 30 8 27 Feb. Mar. 10 4% Jan. Mar. 19 15 11 20 47* 13% June 16 5% Apr. 24 1-64 July 23 3 16% June 2 23 Feb. Jan. 72 1% May 29 1 May 28 2 10% June 2 3% Jan. 80 Jan. 99% Mar. 16 19% Feb. 27 32 8 ' 8% Feb. 26 July 23 8 July 20% July 3% July 19 July July 14 20 132% 17 61 3 Mar. 25 Jan. 22 14 Mar. 10 June June 58 30 Feb. Jan. 6% 156% 98% 102% 124% 3 12% June July 20 20 96 9 15 15 3~ 16 24 Feb. 2 9 21% July 20 July 22 85 July 89% 101 July 105 2 July Sale 10 July Sale % July 1 27% July Sale 95 July 92 Feb. Feb. 7 1 1 22 July June 3 8 Mar. 10 Jan. 19 15 Mar. 12 37 36% July 65 July 1% July 3% July July July 45% July 118% July 14% July 10 July 7% July 14% July 25 July 107 July 4% July 40 July 10 July 12% July 10% July 0 24 Mar. 27 Feb. 42 15 117 21 26 13 2 85 63 15 61 July July 20 21 22 22% July 24 2 80 84% July 2' 63 53% July 8 106 110% July .44% 52% July 17 1% 3% July 31 1 75% 77% July 3 14% 21% July 6 31% 39% July 3 34% 53% July 8 112 96% July 31 27 Jan. 42 25 July 30 16% July July July 28 80 103% July July 3 % July July 24 July 11 33 % July 9 1% July July 20 1% Feb. 27 l\% 3 4 20 Feb. m 1 24 16% 5 2 3 24% Juno 58% May 14 138% June 5 102% 3 35% June 42% 1 110% 102% Jmy July 28 4% 2% June 17 2 11% June 4 113 100% June 41% July 23 3 30% July 2% July 4% July 4 July 1% July 21 2 July 1 3% July 25 107% Sale 105 41% 43% Sale 118% 118 119 10% 14% Sale 8 8 9% 4 6 Sale 11 11% Sale 18% 18% Sale 107 Sale 106 ..106 18,000 Butte fir Superior Mining..10 17% 93% 27 62 18% 100 Debenture stock 13% 6% 30 '36% 58% 19% 112% 41% 118% 15 84 Sale 4 2% 8 15 22% 5 Sale 15 15 31 100 Sale 8 Sale 1 28 30 "7% 1 Sale 9 27 50% Sale 2 * » 77% 19% 38% 50% 20 .* * * _ 5% 80 July 22% July 80 July 57% July 58% July 110 110% 110 53 50 July 52 2 Sale % July 3% 75 76% 75% July Sale 20 18% July Sale 36 35% July 34% July 36% Sale 105% Sale 103% July 17 Sale' July 17 20 18% July 18% 94 89% 51% * . 8% 3% 80 110 Sale 15 15 19 8% 22% 84% 60% 100 Watch 13% 12% 12 12% 75 75 73% 103% 104% 103 3 3% Sale 40 33% "l % 1% 1% 3% 33% ...100 * .... Sale 76 103 100 Bullard Co Preferred Sale 15% * * 690' 88 8 2% Sale 3% Sale 1 3 10 Preferred 7% Budd Wheel 1,931,000,Byers & Co.. 88 Sale 53 109 Class B common Class B certificates 4,750 39 28 i % 100 * 300,600 Burroughs Add Much 50,300 Bush Terminal Co 100 26,666 29 28 Sale Budd (E G) Mfg . 94% 19% Sale 2% Sale Preferred (7) Preferred Sale 18% 93% —50 Burns Brothers 100 Class A new 910 13% Sale 7 14% Sale 17 * ._* Brunsw'k Term fic Ry Sec...* Bucyrus-Erie Co ..10 Conv preferred..... 5 Bulova 105 36 Sale 51% Brlggs Manufacturing Brunswick-Balke-Coll 1,390 7%! 6 ......* ... 9% 98% 47% 1% 1% Sale 8 Sale 3 3 107% 1% 30,700 Brockway Motor Truck.. * 1,280 Preferred.. .100 165,700 Brooklyn Union Gas.. ._.* 14,800 Brown Shoe, Inc * 80 Sale 2 1% Sale 13% Sale Sale Sale 8% * 31 13 July 13 11 July 25 22 100% July 11 52% July 2% July 29 2 1% July 1 16% July 9 July 1 6% July 27 20 80 % July 13% July 30 10% July 23 % July 15 22% July 3 93% July July 7 85 21 20% July 15 16% July July 30 31 15 16% July July 15 38 July 15 88 17 8% July 3 July 14 31 192% July 7 1% July July 15 28 15 * 14 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 15 * Blaw-Knox 11 9% 98% 100 47 44% 13% Sale * 7% preferred 8 12 84 Belg Nat Rys part pref Bethlehem Steel Corp 13 June 9 85 H May 19 89 20% * Best & Co 17 July 26 ..20 Bendiz Aviation Corp. 13 20 90 ..100 Belding Brothers.... 22 55 50 Preferred Sale 20% 14% ..100 Beatrice Creamery Sale 90 * 1st preferred...^.. 15 9 14 13 15 23 16 26 * Bay uk Cigars, Inc. 8 July 4% July 39 July 22% July 20% July 80 320 7% preferred... .....100 555,650 Barnsdall Corp, class A 25 49,100 28 10 26% 35% 100 Preferred Burnet Leather 45 Sale 94% 85 ..... 100 1 1% July 22 1-64 . 390 20 80 Sale 22 .... 340 1% Sale 105 Sale * 669,400 Baldwin Locomotive Preferred. ............100 6,590 100 5,040 Bamberger (L) fit Co pref * 3,680 Barker Bros 410 VA Sale * 2d preferredA.... .100 I .......25 670 Associated Oil 20 « Sale .100 Preferred 7,300 1,200 200; Sale Arnold Constable Corp.....* 10 4,100 Art Metal Construction 244,600 Associated Apparel Indus..* 15,400 Rights 172,400 Associated Dry Goods...V. 20,900 15,400 14,500, Sale 25 Artloom Corporation 1 84 Apr. Apr. 21% Mar. June 19 150 133 Apr. 5 Apr. 27 12% Fob. 2 15% June 37% Feb. 45 Feb. July 15 66 40% July 129 July 93 July 39% July 110% July 1% July 3 % July 18% July 104% July 44 July 58 July 107 July 8 July 184% July 121 July 125% July 130 July 64 July 92 July 55% July 51 July 101 July 9% July 40 July 1 64% Feb. 26 Mar. 27 17 102 72% July 31 72% July 30 1 11% June 4 2 2 June 88 15 Sale 11* -.100 . Sale 5 25 ..... . . S4§ 30% June 2 July July July July July July July 31% Sale 30% July Sale 125% 129% 120% July Sale 91 92 99% July 38 39 40 37 July Sale 110% Sale 102% July 2 1% Sale 1 July Sale 3 2% 3% July Sale 15% July 15% 15 107 Sale 104 104 July Sale 41% Sale 39% July Sale 55 Sale 52 July 106 106 108 104% July 9 8 6% 7% July Sale 169% Sale 169 July Sale 114 115% Sale July Sale 119% Sale 116% July 130 128 129% 129 July 70 65 55 51% July 100 90 92 88% July Sale Sale 44% July 51 48% 42 July Sale 101 % 101% 98% July Sale 6 8% Sale July Sale 37% Sale 27% July Sale * of Illinois class A Preferred Highest. Sale Prices. 6 6 24% 20% 20% Class B Lowest. 74% 75% 14% 1 140% 25 15 15 50 It* . Sale Prices. 41% July 91% July 15 30 31 30 15 m JAN. I Highest. % July 31 July 39 170,400 32% July July July July July 140 July 5% July m July 45 July SINCE Sale Prices. 5 4% % 27 50 524,075' Armour 74,700 57,250 2,670 150 7 5 Prices. 10 20 ... 7,200 ~ Sale 1% 47,900 Anchor Cap Corp..........* Preferred ...* 2,600 * 17,400 Andes Copper Mining Co * 86,400 Archer Daniels Mid...... Preferred 10C 1,000 100 76,000, Armour (Del) pref. ""260 -74 20% Sale 49% Sale 25 Preferred Anaconda Copper Sale Lowest. Sale % July 27 July ▼ tr Anaconda Wire & Cable Sale 140 10 Writing Paper Sale 89% 72% 72% 12% ctfs* Pref voting'trust ctfs _* Amer Zinc, Lead fit Smelt...* Am Ask. il* * ^ . preferred 91% Sale j July 31. Ask. Bid. Sale 34% RANGE IN JULY. Sale 130% 93% 2d Preferred...........100 Snuff 29 42 American Shipbuilding American 4 7% 4,000 American Seating........—* 1,300 140 152 ...100 Preferred American Republics......—* 179,400 81,900 39% 90% 73% 74% 13% Sale (fi)_. 924.546 42,300 Bid. Sale Amer Power & Light.. Am Rolling Mill T,806 July 1. 1931. Par. 6,000 31,000 1,249,100 PRICES STOCKS 7 2 20 7 June 23 - Sale 14 2 2 24 1 16 30 9 26% July 23% July 90 July 105 July 2% July 14% July 1 July 38 July 95% July 19% June 1 Apr. 23 Apr. 23 104 95% Apr. 29 113 17 70 1% June 19 June 2 % May 7 9 , 7;' i 9 24 23 Mar. 17 Feb. Feb. Jan. 2% July 17 20% Feb. 26 Feb. 69?/| 23% June 2 a 80 June 2 106% Feb. Feb. 20 20 24 N. Y. STOCK 32 aggregate sales, Jan. July 1931. 400 1,196,600 7,891,600 500 5,960 792,000 5,020 1,130 34,100 29,700 61,400 2,470 53,000 27,600 36,500 700 "4" 100 300 800 380 v 10,900 3,300 80 Canada Dry Ging Ale Cannon Mills * Capital Admin Co Ltd 800 110 1,630,200 2,500 500 Pref ctfs stamped Cavanagh-Dobbs, Inc.., Voting trust certificates..1" Preferred 3,400 3,100 2,900 23,600 ....100 418 Preferred... Chile Copper.. Chrysler Corporation 550 "6" 600 500 540 13,900 3,290,750 151,300 634,000 2,772,255 91,200 126,100 26,000 4,980 2,800 3,520 27,600 206,404 810 ■1,060 10 380 900 2,680 27,850 7,400 1,782,100 9,300 441,600 44,300 1,100 100 335,800 400 59,300 1,500 250 1,040 : 40,400 :1,080 6,720 10 590 11,100 5,500 329,800 4,900 3,300 31,300 1,800 1,700 19,700 8,900 3,400 114,100 83,200 3,707,000 69,600 34,800 263,400 57,200 36,400 377,600 188,600 81,266 80,200 1,200 8,900 9,500 94,800 33,830 60,000 2,820 16,030 1,300 2,300 3,200 1,100 1,500 530 2,500 45,700 12,800 670 - 42,800 2,900 4,900 3,700 68,200 6,500 210 120 18,6001 11,900? 5,440! * No par 7 July 184 July 14 994 AH Sale >04 Sale =74 Sale • Co..* 11 104 * 4 Sale 100 Sale , 1034 Sale 854 84 Sale 100 Sale loo 4 1 is"" 1014 Sale ._* 914 Columbian Carbon 734 * 19 34 Preferred 7% Preferred B 25 204 234 25 21 24 1st preferred 100 804 83 * 25 Preferred 100 100 (>H% preferred 100 99 + 83 Comm Inv Trust Convertible preferred stamped . Sale 110 Sale 29 114 July "16 Juiy 7 July 2 July July 31 July 31 July 1 July 3 July 21 July 2 July 6 15 42 July 13 74 64 20 254 6 60 21 6 25 , 7 5 too (641 warrants.. Consul Film Industry Preferred 53 65 i 55 Sale ! 62 504 104 Sale 154 Sale 834 Sale i i ... Consolidated Gas PrefSS 102 4 Sale 4 Sale Textile .2d * ... Continental Bak cl A Class B Preferred 100 Continental Oil Shares * Corn Prod Refining Preferred 25 100 • ....... Cream of Wheat ' Crex Carpet 10< Crosley Radio • Crown Co-'. & Seal..... Prefer/ eu * 7 32 » * 100 ........ tOP Sale IP 10C ..." Sale m t'a Sale It* 90 Sale ..... 89 Sale Sale Sale Sale .. 38 42 14 Sale 84 94 9 21 16 Sale lot L77 Sale " 12 101 * 66,500 Participating 6% Pref._25 * 369,400 Dome .Mines Ltd........ * 83,400 Dominion Stores 19,440 Douglas Aircraft Co Inc * 1034 164 244 84 144 13 113 Sale Sale Sale Sale Sale y Sale 404 Sale 70 112 Sale 3 Sale Sale Sale 5 , 914 Sale L134 114 24 Sale 44 314 Sale 414 Sale 44 14 Sale 41*Sa>? Sale 4 63 644 Sale Sale 150 1504 1474 Sale 7 84 29 28 264 15 18% 144 164 74 54 44 22 204 244 2 30 284 w* 60 43 394 4 34 34 34 Sale Sale 39 384 774 44 5 584 Sale 1044 Sale 24 44 14 Sale 24 34 224 244 4 Sale 4 464 84 384 24 74 Sale Sale Sale Sale 16 Sale Sale 100 j x47% Sale 84 Sale 38 4 Sale 24 Sale 84 Sale Sale Sale 20 Debenham Securities Detroit Edison 764 „ Davison Chem Devoe A Reynolds A.. 36 75 114 96 ....... 34 43 4 Sale 60 8% preferred Cutler-Hammer Mfg.. "37"" Sale Sale 34 Sale 94 Sale 84 Sale L484 94 284 154 44 334 Sale 164 Sale 714 44 Sale Sale 114 Sale Sale 107 4 106 109 112 100 106 224 124 Sale 194 Sale 11 Sale 6 10 54 10 74 194 1554 144 10 20 194 20 100 19 Sale Sale 110 Sale 264 Sale 114 Sale 214 Sale 204 Sale 87 July July July July July July July July July July July July July July July July July July 44 July 14 July 4 July 28 July 4 July 40 July 70 July 112 July 3 July 44 July 106 July 100 July 194 July 104 July 30 Mar. 17 2 Feb. 24 Mar. 25 ~ June 25 2 3 Mar. 24 June 1 Mar. 26 25 24 21 17 27 7 25 2 21 21 174 June 24 Jan. 3 6 July 31 Feb. 50 May 28 Feb. 21 26 14 June 3 Feb. 24 . Feb. 18 31 Feb. 31 3 Mar. Feb. Feb. 2 June 5 15 June 9 Mar. 84 May 20 54 Apr. 24 34 June 3 Mar. 14 Feb. Feb. Mar. 24 Jan. 2 Mar. 23 11 Jan. 5 Mar. 24 7 July 29 2 274 June Feb. 7 Feb. 24 Apr; 154 Feb. 26 June 35 Feb. 26 20 July 23 Jan. 344 934 114 114 July 30 May 82 9 974 184 354 25 254 89 334 Feb. 10 Feb. 27 June June Mar. 17 374 Feb. Jan. 281149 4 Jan. June 2, 181 June July 16 May 19 44 25 22V 34 28 105 June 3 170 Jan. Jan. 2 534 June 2) 504 Apr. 21 1044 Jan. 30 174 Apr. 30 84 6 June 104 June 2 194 9 25 Apr. 21 Jan. May 9 Mar. 30 June 28 15 11 Mar. 25 Feb. Mar. 17 July 20 Feb. 24 June 4 Mar. 18 Mar. 30 June 26 July 2 Jan. 8 June 27 June 22 115 Feb. 24 June 3 1094 Mar. 18 July July July July July July July July July July July July July June 2 454 June 2 June 2 97 4 May 18 164 Mar. 14 June 3 114 July June 2 1114 Feb. 25 2 Feb. 24 12 8 1004 Mar. 16 June June May 27 June 3 Jan. 26 Jan, 20 Jan. 29 2 234 Feb. 26 354 Feb. 26 25 July 9 9 254 July June 30 89 July July July 104 Jan. 90 Jan. Mar. 19 34 109 8 June Mar. 19 Apr. 10 Mar. 28 Jan. 26 Feb. 27 Feb. 24 16 June 34 134 July 204 July Jan. 134 July 21 304 Mar. 10 364 July 76 July 674 July 644 July 84 July 154 July 100 July 107 July 14 July 14 July 34 July 14 July 164 July 2 July 614 July Jan. 30 54 11 444 2 4 94 54 754 150 94 28 194 '54 24 30 50 4 524 90 54 24 54 32 4 414 724 114 34 54 1074 1004 244 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 134 July 9 194 July 152 1524 156 July 13 16 134 July 101 1144 100 July 184 Sale 184 July 27 Sale 264 July 114 July u* Sale 22 21 23 July 174 Sale 174 July 27 20 3 4 July 24 July 30 9 13 July July 13 July 16 154 July July 304 July 23 32 2 105 102 4 July July 1404 July 16 147 4 MY 524 July 514 July 44 July 17 454 July 1024 July 16 1034 July 124 July 15 164 July 8 84 82 July July 6 84 July 84 July 184 July 144 July 31 . 484 Sale 104 Sale 78 Sale Apr. 23 June Jan. Jan. Jan 29 May 54 July 944 July 214 rune Uv,, » 24 Sale 174 Sale 2 4 Sale 654 68 41 Sale Sale 77 Consol Laundries Corp Container Corp class A Class B 24 164 30 13 4 Sale "274: 25 lot 85 82 16 Feb. Feb. June 104 "% 174 94 94 July July July 104 July 224 July 14! 25 July 15 254 July 324 July 81 July 20 Prices. 21 334 Jtfiy 74 July 68 61 61 64 July 75 764 644 July Sale" 7 ( y2 July 74 ah 144 134 July 134 Sale Sale 89 July 914 Sale Sale 105 July 1064 Sale Sale | 124 124 July Sale 4 Sale 4 July Sale I 4 34 July 34 1 a \H a \H 124 July Sale July 124 Sale Sale 14 July 14 Sale Sale 56 554 July 574 1024 108 .1014 Sale 714 .. . 103 31 64 Sale 234 Preferred July July July July July July July 15"" 284 July 108 July 1014 July 86 July 34 July 174 July Sale 22 4 Consolidated Cigar value. 3 July 108 July 101 July 82 July 34 July 14 July 30 July 104 July 164 July ! 234 Sale 37 33 Congoleum-Nairn Inc Congress Cigar ,v. 1st Preferred 264 ' Sale Sale 109 3 34 154 Sale ... Conde-Nast Publlc'ns Diamond Match 100 108 Sale Sale * 50 Deere & Go pre/ 16 354 934 1024 July 284 July 90 July 934 Sale 74 July Sale 74 July Sale 664 July Sale 74 July Sale 95 July Sale 154 July 344 July 374 25 244 July 23 July 254 Sale 874 July Sale" Class A Coty, Inc 1. Highest. 204 May 1 12 July 22 4 June 29 23 4 June 2 78 84 Sale 91% Sale Preferred.... Commercial Credit Continental 21 Sale 92% 84 Sale Commonwealth & Southern * Consolidated 43 Sale Sale 35 ... x 524 75 ... 94 new Solv 144 41 .100 100 pref 17 27 15 .... 680 Sale * two Preferred B 100 Columbia Graphoohone Certificates of deposit..... Prior 8 12 July 3 July 22 July 3 July 16 July 7 July 30 July July July 7, July 30 July 2 July " July July 20 13 G & El PreferredlOO Preferred 5 224 July 7 July 344 July * 81,100 Cuban Dom Sug._ * 48,500 Cudahy Packing 50 75,325 Curtiss Publishing Co ♦ Preferred * 21,025 1,302,027 Curtiss-Wright Corp * Class A 192,400 f. » 2,090 Cushmans Sons 7% pref—100 970,900 Sale * 130 De Beers Consolidated Mines. 64,700 6,600? 6 80 Common Warrants 414 July 15 July 29 July 15 July 16 July 17 July 17 1 July July 15 July 13 25 224 10 4 11 384 Sale Sale Preferred . 2,200 38,600 22,700 22,700 154 8* 100 156,300 Crucible Steel of Amer Preferred 7,740 21,400 Cuba Co.. 142,700 Cuba Cane Products 79,900 Cuban American Sugar 4,590 Preferred. 5,400 3,500 1,600 Sale 100 90 Crown Wil P 1st pf Crown Zellerbach. 161,900 19 Sale 23,300 17,600 60 17 25 Sale * 60,100 Sale 54 • 933,527 644,945 510,500 6,670 256,830 39,000 17,300 27,100 26,100 10,500 1,400 60 6 * ' 1,030 214 44 Sale 144 184 184 314 165,600 Continental Motors..... 40 Sale 12 194 843,800 Continental Can * 88,100 Continental Diamond Fibre * 137,038 Continental Insurance. 10 70 2,100 16,000 20 Sale 5 Sale ...25 . Commercial 15 1 10 ... A Iron jan. Sale Prices. Prices. 224 Sale 40 Conn Railway & Lighting 100 'MOO 184 23 3 Sale Preferred 28,500 Columbia 2,269,500 Sale * City Ice & Fuel 24,200 Colorado Fuel 105 —10 ...... Preferred Sale Sale Chickasha Cotton Oil Chllds Co Sale 254 24 104 124 74 54 » Sale 374 July 20 July 14 July 35 July 54 July 944 July 22 4 July 24 July Sale 16 ........ Chicago Yellow Cab 30 City Investing 92,500 City Stores Class A 1,060 5,900 Clark Equipment 9,800 Cluett, Peabody & Co 155,500 83,900 110,600 46,000 199,300 10,300 7,500 1,800 * 114 374 Chicago Pneum Tool... jmim* _ 1,100 4,200 • 100 Central Agulrre Associates.* Century Ribbon Mills " 229,140 Coca Cola Class A 24,800 44,200 Colgate-Palmollve-Peet Preferred 12,800 .; 237,400 Collins 6c Aikman Preferred 9,318 36,600 Colonial Beacon Oil Co 7,200 100 ........ Sale 15 100 * Celanese Corp of America.. Celotex Co....... 910 120 100 . Caterpillar Tractor Sale 304 90 4,239 7% preferred... 365,350 Checker Cab 215,300 Chesapeake Corp. ; 1,600 1,600 A-.* c ....100 "5,966 ? 74 104 x41% 204 Preferred class A........50 Case (J I) Co 100 24,700 2,190 17,100 119,800 3,320 5,459,850 38,900 19,490 8.900 30 * 1192,580 3,000 3,300 390 35$ Calumet &Ar!zonaMin ....2b Calumet & Hecla 2b Lowest. Highest. Prices 214 July 12 July 4 July 32 July 64 July 104 July 12 Campbell W & C Foundry Preferred Sale in Preferred.. Cerro de Pasco Copp 65,400 Certain-Teed Prod 1,600 9,200 10.900 y Callahan Zinc-Lead Lore est. July 31. Ask. Bid. 254 25 1,200 227,800 20,700 5,100 July 1. Bid. * 50 Caiifnia Petroleum 24,300 70,100 123,800 62,200 355,100 25,400 41,650 9,200 SINCE 2 Par. 30 3,100 15,200 8,000 2,100 16,700 2,000 1,700 Jan 1. 128,000 Calif Packing Corp. 8,800 RANGE in july. Price Shares »hares . prices STOCKS N. T. STOCK EXCHANGE Since In EXCHANGE-STOCKS 20 161 144 1014 204 28 124 23 204 July July July July July July July July July July Apr. 73 27 374 June 27 80 Apr. 9 Jan. 73 Feb. 70 Apr. June 15 Feb. Jan. Feb. June June July Mar. 19 184 Fob. 1094 Mar. 107 Juiy 154 Mar. Jan. 6 17 17 19 23 19 Mar. 18 P Jan. 9 Jan. 12 Feb. 26 June 30 June Apr. 2 34 Feb. 774 Feb. 27 June 62* Mar. 26 June 16 Feb. 27 June June 514 Feb. 44 Feb. 27 June 12 Feb. 13 12 Feb. 24 864 Feb. 1524 Apr. 17 May June Jan. June June June Jan. .Tune July July June 194 84 384 344 68 64 63 June 106 June Apr. 24 2 27 344 Mar. 11 18 June May Feb. Apr. 11 Feb. Feb 25 24 20 Jan. 20 Jan. 12 Feb. 11 Feb. Jan. 3 8 54 Jan. 8 24 Jan. 54 June 26 9 8 June 35 July May 484 Mar. 19 Jan. Jan. 7 June 100 July June 1184 Mar. 5 54 Feb. 27 84 Mar. 2 Jan. 112 Mar. 25 Jan, 107 Mar. 18 June 94 84 64 194 1404 Feb. Jan. June i§* Feb. Feb. June 41 Jan June 23 Feb. Jan. 7 24 May 84 Apr. 13 124 Jan. 28 June 22 June 195 11 June 100 June 109 144 Jan. 8123 244 Jan. 28 84 Jan. 14 4 Jan. 174 July Jan. 5 Feb., 11 194 Feb. 18 Mar. 10 Mar. July 6 28 134 Mar. 31 24 Apr. 13 214 June 25 N. Y. STOCK AOQREOATE SALES.1 Since Jan. PRICES IN STOCKS Price N. T. STOCK EXCHANGE Jan. 2 1. July 1. 1931. Shares. Par. 682,462 Drug.Inc__ 9,500 Dunhlll Int............... 3,800 Dupla.i Silk............... 610 100 Preferred.......... 5,600 Duquesne Light 1st pref._I00 700 Durham Hos Mills pref 100 22,600 Eastern Rolling Mill 944,215 Eastman Kodak............* Preferred 100 1,030 503,900 Eaton Axle 8c Spring * 20 2,747,200 E I duP de Nem 8c Co 19,600 6% cumul preferred ..100 26,300 Eltingon Schlld........... Preferred 4%% 15,700 100 • 1,831,863 Electric Auto-Lite Preferred. 100 1,120 Electric Boat.. 121,200 Bid. ... Salt* 63 14% 103 99 101% 104% 23 6% 147 26 8 Sale Sale 129 13 % Sale Sale 87 120 Sale 3% Sale 35 K 35 51 Sale 110 106 2% Sale ...... Bid. Sale 5 Ask. Sale 74% 6 12 Sale 19% 106 101 Sale Lowest. Highest. Sale Prices. Prices. 70% July 5 July 15 22 75% July 5 July SINCE ! Highest. 78 X Mar. 20 Jan. 31 June 22 June 3 105 Feb. 4 105% 106% 106% 106% 106% July 21 25 21 25 21 July 7% 8% 7 6 July 145% Sale 135% Sale 133% July 133 130% Sale 130% July 16% Sale 14% Sale *13% July 87 Sale 87% Sale 83% July Sale 123 123% 127 *122% July Sale 7% 7% 7% July 55 55 56% 55% July 43 Sale Sale 37% July 107 108 107 106% July 3% Sale 3% 3 3% July &» l8* 2 2 29 31 1 15 15 10 3 9 15 " 1. JAN. Sale Price* Prices. 15 12% 101 RANOE JULY. Lowest. July 31. Ask. Bid. 71 6 5 14 .... . Ask. 33 EXCHANGE-STOCKS Jan. July July July July July July July July July July Jan. July June July July May 29 May 7 Mar. 20 July 29 3 June 8% Mar. 19 14% Feb. 9 Apr. 15 L07% July 14 L05 23 9 Jan. 13% Mar. 2 June 3 :85% Feb. 24 ,34% Mar. 24 21% Mar. 19 June 3 9 .07 24 2 74% Mar. 10 Jan. 8 Jan. Jan. Mar. 17 Apr. 9 11% Feb. 17 69 Feb. 18 Jan. 7 4% July 10 10 Elec & Musical Ind— American shares w i 11,400 4,703,050 Elec Power & Light * Preferred certificates.....* 32,400 Preferred (6) 45,800 __...* 71,600 Elec Storage Battery.......* 1,040 Elk Horn Coal Corp.. * Preferred... 50 1,220 5,200 Emerson-Brant clA. 7% Sale 40 Sale 40% Sale 38 Sale 99 99 Sale 99% Sale 85 100 87 51 Sale 12-1 5 1 1% ... 1 000 * % 480 Emporium Capwell Corp....* Endlcott-Johnson.. ..—50 5% 37% Class B 29,600 6,200 16,800 4,900 7,000 3,109 54,100 47,700 22,400 8,990 14,550 1,180 2,000 _______ Preferred (5%%)_ $6 Eureka Vacuum Clean ...» Evans Auto Loading Co.....5 Exchange Buffet Corp. Fair (The) Co Preferred... * 100 ... 1,090, llOi 1,810j ..100 Preferred Pref ctfs of deposit 21,800 Fairbanks * 100 * 7% preferred. 5,0501 Preferred. 100 34,300.Federal Department Stores.* ..... Federal Motor Truck .* Federal Screw Works... .* Federal Water Service A * Fidelity Phenx Fire Ins....10 Fifth Avenue Bus 10 207,300 Flsk Rubber 9,140 First preferred 4,500)Food Machinery Corp 1,016,200 Foster-Wheeler * * 1 3,328,660|Fox Film"A" l,130jFranklin Simon pref.. ♦ 100 683.600 Free port Texas Co 920 Fuller Co prior pref.. 890 2d preferred.... 10 Sale 22 Sale 46 X Sale * — ... 100 7% ———* 52 400 Gen Cigar Inc 2 310 Preferred (7) * 100 Electric * —10 . —* Foods Gen Gas & Elec CI A .....* Preferred A (7)..... 1,020 42,800 4,100 80,900 17,800 11,364,900 132,800 27,300 11,800 9,540 2,098 141,560 Preferred A (8) Conv • preferred A.. General ...* Mills........ Preferred X 36 99 Sale 14 6% 7 Salo 46 Sale 14% 22 34 110 33 44% 11% Sale Sale 49 Sale 4% Sale 54% 30, 451 General Public Service ♦ 800 Gen Steel Castings pref Gen Theatre Eq v t c__ 100 Co ..* 5,680 —100 1,414,300 7,700 321,350 Gold Dust certificates .....* 7% prior preferred 419,700 Gobel (Adolf) Preferred.... ....... • _.._.* Goodrich (B F) * 11,820 7% preferred 100 824,760 Goodyear T& R ♦ 1st preferred 27,700 * 79,800 Gotham Silk Hosiery...— .* Preferred 1 ft(> 2,425 Preferred ex-warrants 1,150 16,400 Gould Coupler " A" .100 106% July 5% July 5% July 35 July 11% July 35 July 114% July 13 ! 106 Sale 43 Sale 11% 48% Sale 5 8 July 2 68 July 1 97% Sale M 24 Sale 13% Sale 56 Sale 107 Sale Sale 37 44 Sale 38 Sale Sale 50 Sale a W Sale 4 Sale 50 Sale 24 Sale Sale 73% Sal 6% 6 65/ Sale 71% Sale 46% Sale 10 \ Sale Sale 73 Sale 65 Sale Sale 6 50 6% Sale 102% 107% Sale 15 15 49% Sale Sale Sale Sale 114 25 Jan. 23 Jan. 9 Feb. 26 June Jan. 19,106% 3 Sale Sale A* 26 May 12 49% Feb. 26 84 June 92 Mar. 25 30% June 70 July 5 Apr. 4% June 11% June 36% June 80 Feb. 18 94 Feb. 20 July July 21 8% July 64 July 9 2 July 9 26% July 15 July 1 11% July 15 6 111 7 15 Sale Sale 82 July 15 8% July 28 10% 11% 10 70 80 80 60 70 77% 77% 2% 3 3 49 '68% July' 16 1% July 16 Jan. 31 56% Feb. 24 9 iS« Jan. 22 85K Feb. 10 104 Feb. 21 Feb. 25 May 12 June 5 55% Apr. June 29 Jan. June 23 I -K June Feb. May Feb. ! 1% May Mar. Jan. June 22 3 Mar. 18 96% May Feb. June 8 24 7 3 25 July July July July July July ! 16 Apr. 24 Feb. 24 ! Mar. • 67 Mar. Jan. 29 July ! 22 June Mar. 23 55 July 6 Feb. 3 July May May Apr. i 52 55 Feb. 5 25 42 June Feb. 26 July Mar. 23 Jan. Mar. 19 3% July 47% July % July 6 July 80 July 62% July 26 July 22 July 108 July 9% July 7% July 42% July 16 July 37% July 114% July July 11% July 49% July 5% July 8 July 71 July 45 July 49% July 15 56 2 109% July July 4 July 2% July 13 31 July July 31 38 July 32% July 15 40 83 4% 5% 50% Sale i 30 Jan. 17% 31% 9% 28% 21% 72% 106 82 50% 7% Feb. 24 15% Feb. 24 Apr. 1% July 25% July Mar. 25 June Apr. May 21% June 4% Jan. 3 ' 8 1 i 2 1 3 3 17 13 Feb. 24 Feb. 17 1 ^ 4% 73% 52% 15% 17% Mar. 12 July 4% July 26 June Feb. June Mar. 26 June Apr. 14 Jan. Mar. 14 July 20 3% May 27% May Feb. 24 5 ' 7 June 98 20 2 June 11% May ; 20% t Jan. 12 1 7 June Feb. 24 1 31 June Feb. 10 6 1 1 107% Jan. 36 May 19 June 17 11% Apr. 21 in 43 56 7 June 4% Jan. 2 4 Apr. 15 67 June 75 Jan. 31% June 95 Jan. 4 July June 7 2 1 25% July 2 73% July 3 6% July 2 52 July 7 10% July 1 80 July 30 8% July 22 31% July 3 .13% July 28 14% July 3 52% July 2 43 July 3 84% July 24 11% July 2 68% July "lO 2% July 28 3?* July Mar. 3 31 June 2 15 June 2 36% June 3 June 3 May 4 4 21 3*5* 6 Mar. 21 Apr. 15 Mar. 21 74 WA 25 Mar. 19 Jan. 9 Feb. 26 84% Mar. 2 114 2 9 June 104 50 48 2 Mar. 20 28 3% Apr. 27 18% July 15 62% Jan. 21 *ZH 11 76% 35% 76 23 29 48 2 Feb. Jan. 35 4 21 May Mar. 28 31 May 59% June 8% June 46% June 104% Jan. Feb. Jan. 22 15 1 26 27 13 Feb. 2 103% July 27, 10' ' Feb. 10% July 20 2 2! Apr. 90 92 15 48 Mar. 20 13 19,100 15 7 30 Jan. July 52% 3 13 July 37% July ft* 8% Feb. 24 21 35 96 16 Mar. 13 2| 9, 15 Mar. 12 22! * 18 27 June July July July July July Jan. 16% July 18% June June 3% 18% 66% 5% 10 Mar. 12 ! 41 ! X July 2 98 Feb. 35% Jan. 12 24; 12% Mar. 17 50 Sale 4 July 5 27 Sale 65 June 25 50" 41M i % June 28 15% Sale 62% Sale 45% Salo Salo 90 27 19% July July "14 58% July'"3 28 July 31 July 31 7 Sale 35 July 15 38% July 98 6 7 98 July 96 July 3 Salo July 35% July 15 40 22 15 Sale 103% July 101% July 8 Sale 4 5% July July 27 2 10% July 18 14% July 11% 6 Sale 24% July 20% July 31 1 70 July 69% 63% July 17 Sale 7 16 12 July July 16 51 Sale 4 35 1 80 102 Sale 54% 39% July 11% July 47 July 4% July 25 Sale 5% 1 30 Sale 31% 102 15 20 29% 96 11% 14 Sale 102 37% Sale 15 30 Sale 80 38 115 9 Sale 90 Sale 5% 35% 12% 35% Sale 37% 114% 30 8% Sale 16 Sale 31 % 1 106 4% 38% 8% 63% 4% 31% 7 104% 107 6% Sale 7% Sale 40% Sale 5 W Salo 62 3 July 20 % 72% Sale 104% Sale 21 July 16101 July 17 10% July July 15 July 15 July 31 July 15 July 15 21 Sale * 13 14 Sale « Sale 89% . l! 28 28 73% 59% 19% 15 preferred.. 100 7% preferred. Glidden j Sale 68 Sale Sale July 36% July 88% July 42 July 75 July 5% July July July July July 15, 64% July 15 57% July July Sale 70 6 24 45% July 3 3% 45% Sale 88 40 25 1 100 July 25% July 14% July 72% July 25% July 52 July 80 70' A* 21 8 59% 23* 14 70 * 16 23% July % 4% 73% 56% 18% 21 * Brothers 3%; 74 97% 15 26 Sale Sale 23 * Gillette Safety Razor 1 6 Sale —* I 65 3 47. 8 63 3 July 53% 72 Sale Sale July July July July 23% 8% 26% 79% 80 6% 10 16 80 Sale Convertible 25 101 11 5% 22 X Sale 26% Sale 98 July % July 1% July 1% July 5 7 21 Gimbel 18 '43" Sale" 3% 3% 50% 56 1% 1% 4% Sale 78 80% 58% Sale 24% Sale 3 July J Sale 95 22 1 14 7 July 5 11 Mar. 26 June 27 4% Feb. 25 9 19 Apr. 9 4% July July 29' 29% Mar, 6 2 73% July 18 109% Feb. Feb. 24 3% Jan. 23 83 1 31 99 10 Feb. 2% Mar. 25 July ". •4 18, 83 Mar. 19 1% Feb. 26 6 Jan. 5 July 9 98% Mar. 17 66 10 June Jan. Sale 33 2 21% July 28 34% July 3, 86 July 31! July 31! 8 July July July 13% July 7% July 301 19 July 17. Sale Gen Outdoor Advertising—* ... No par value. X 2 2 Sale 126,000 General Ry Signal Lm * Preferred. .....100 1,390 332,000 Gen Realty & Utilities Corp.* Preferred. * 24,000 * 219,200 General Refractories... 1,485,018 2,179,177 76,550 134,800 12,800 163,800 4% July Sale 95 ._—..* 18 41 Sale —* 28% July 6% July 24; July 14| 5 22, 17% July 15' 20 July 14100 July 5% July 18% July 99% July 96 A 80 15 2, July 73% July 73% July 61% July 52 July 35 General Printing Ink P referred 14' July July 29, July 4% July Sale 10 .* . 76 8 Feb. 10 44 30 102% Apr. 15 113 3 49 28% June 76 July 20' 87 75 July 14*91 6 6% July 7| 44 July 107% July 17j 37% July 9 17% .....100 . Gen Motors Corp, Preferred (5) 8' 14 58 —* General Italian Edison 15 13 14 20 June 2 49% June % July 15 1 July 15 % Apr. 24 3 % Jan. 15 1 20 * Class B_. 700 July 89 Sale 75 65 4 ,300 Preferred i.:—....100 471 ,823 Gen Amer Tank Car........* Special 100 8 28% Sale 476 ,600 General Asphalt __* 153 ,800 General Baking Co.........5 2 ,320 Preferred 82 300 General Bronze. 17 500 General Cable * General 18% July 6% Sale * 78 ,800 Gardner Motor———5 85 ,400 Gen American Investors * 90 110 * 23 ,930 Gabriel Co (The) Class A...* 9 ,740 Gamewell Co (The).........* 220,200 1,051,900 629,688 2,400 75 July July July 27% July 5 July 4% July 16% July * ... 32,700 Foundation Co.. 152,150iFourth Nat'l Investors General 76 90 85 * 100 1,300 First preferred couv 100 16,300 Floraheim Shoe class A * 2,380 Preferred 6% .—.100 17,200 Follansbee Bros 6,482,750 106 34 Sale 75 16 88 X ...100 Preferred...... A—..; 6% July 38% July July 7% 39 liH 590 Filene's Sons..............* Prefei red 1 1 108% 5 3% 15X Sale 6X Class % % 5 * 12 410 Sale 105 88 100 Preferred... 39,700 Firestone Tire & Rubber...10 65,940 Preferred 100 177,400 First National Stores.. * * 4 "*22% 1,490, Preferred 2,100 Federal Mining & Smelt..100 20 500 1 g 1 a % July 1% July % July 80 8 3 July 55 9% July 9 7% July 31 1 30% June 60% Feb. 26 6 108% Mar. 19 92% June 9 3 10 IX 40 4,350 55 105 10,400, Federal Light 8c. Traction..15 14,700 16,200 136,400 72,713 2,060 87% 54% 100 Morse 15,013|Fashion Park Asan 300 85 32% Sale 10 11% 4% Sale 23 % Sale 23 21X 25 Fairbanks Co... X 4% 89% • * preferred cum 90% Sale 44 Sale Engineers Pub Service * Preferred... ......* Equitable Office Bldg 88% 52% % ■1% 114% ...100 Preferred 1 9% July 44% July 101% July 91 July 7% July 35% July 99 July 87% July 52 July % July 1 July % July 2 Mar. 7 Mar. 6 Mar. 10 Feb. 26 Apr. 9 15% Feb. 18 38% May 11 76% May 22 A" I60* Feb. July 18 7 Feb. 18 July 30 Jan. 2 9% Mar. 9 1 42% Mar. 20 19 117% May 19 June 2 20% Feb. 21 Feb. 10 68 Apr. 27 June Jan. 30% June 2 52% Feb. 21 June 2 91 71 4% .Tan. 50 Jan. 52 Jan. 1 % July Feb. 5 25 13% Apr. 21 Apr. 28 221 73% June I5 26 16' 72 6 3* Feb. EXCHANGE-STOCKS N. Y. STOCK 34 N. Y. In Since July Jan. 1. Shares. Shares. 200 ' 10,600 3,100 2,300 8,300 4,600 16,500 990 10 I,000 390 12,000 2,000 . 10 250 190 6,250 127,400 480 2,400 200 30 1,900 790 100 2,400 38,800 2,900 16,300 3,500 36,800 23,900 7,800 15,700 46,800 . 1,700 14,400 5,400 ~2~, 486 ' 14,100 1,400 3,800 1,800 200 II,800 6,500 6,700 15,700 3,600 400 Sale 900 7,000 2,900 500 180 Sale 27 "Io~ 4H Sale 39 58% 3% Sale 88 80% 133% 140 15 30 2,020 10,300 2,200 900 60 28,665 40 690 6,700 89,500 440 215,200 1,700 500 180 33,800 20 170 40 1,600 233,600 114,700 80 11,400 100 2,300 Sale Sale Sale 51 Sale Preferred 1 Kennecott Copper Kimberley-Clark..... Kinney (G R).. 8% preferred Kresge (S S) Co 870 7% preferred. 4,000 Kresge Dept Stores 1,936,800 8,300 6,050 5,650 321,045 370 8% preferred.. 9,200 Kress (SH) & Co 1,438,300 Krueger & Toll Co 1,379,655 Kroger Grocery & Bak 30 Kuppenheimer A Co.. 100 7 % cum preferred 500 Laclede Gas... • * 15 Sale 133* Sale 8 Sale 83* Sale 100 * 100 * 47 17 6 7 73* 10% 3* July 7 63* July 7 63* 63* 2 July 33* 3 2% Sale 63* July 83* 7% 13* July 23* 23* 19 173* July 193* 1343* July Sale 1343* Sale 149 Sale 83* July Sale 83* 8% 303* July 35 303* Sale 333* Sale 13* July Sale 2 16 22 July 17 193* Sale b it* Sale Sale 613* 93* Sale "383* 123* Sale 15 119 6 33* Sale A* 5i* Sale 10 65 Sale Sale 14 143* 15 603* 67 603* 613* 133* 53* 273* 64 62 133* 53* 11% 28 6 253* 15 Sale 873* 623* 13 Sale 26 July 43* July 23* July 23* July 203* July 10 July 58 July 323* July 48 July 29 July 603* July 263* July 14 July July July July 115 July 2 July xl0% July 133* July 141 Sale 114 114 1L5 115 23* 23* 133* Sale W 90 14 393* 2 123* "aV* Sale 14 28 34 IVA 843* Sale zVA 36 Sale 143* 16 15 Sale 11 Sale 11 Sale 403* Sale 23* Sale 203* Sale 403* 313* Sale 14 50 Sale 31 Sale 26% Sale 110 5% Sale 40 32% 45% 22% Sale 18% Sale 25 35% 240 263* 5% 6 153* Sale iVASale 483* 18 303* 52 Sale 123* 363* 133* 30 32 263* Sale 1113* 114 63* 53* 33 34 33 44 46 443* Sale 173* Sale 303* Sale 223* Sale 1 18 28 Sale 45 190 210 97 100 68 99 Sale 10 11 10 230 . 33* No par value. \ 43* Feb. 27 Feb. 27 45* Feb. 11 Feb. 24 86 Jan. 3 182 Jan. 9 123 Feb. 27 71 ; 113* Feb. 24 93* Feb. 25 26 May 1 May 15 213* June 3 3 June 75 Jan. 3m June June Feb. 4 37 J* July 31 123* July 21 July 21 93* Feb. 24 Feb. 21 Jan. 28 53* Feb. 24 513* Feb. 24 1793* Feb. 24 123* Feb. 24 623* Feb. 10 Feb. 2 393* Feb. 16 9 303* Feb 603* Mar. 2 3 163* June 483* July 15 73* July 15 733* Mar. 20 5 163* Jan. 103* 3* 53* 13* O July 30 July 30 29 33* 23* 3 253* 13 60 36 15 533* 30 293* 31! 65 311 37 21 16 15 603* 64 143* 6 28 2 35 113* 93* 93* 403* July July July July July July Apr. 24 June 3 63* June 10 273* May 21 June 1 May 28 10 23 June 18 Juno 4 June 23* Apr. 30 2 13* June 3 183* June 53* July 33 July July 173* July 42 263* July 33* 65 Sale 143* 33* Sale 983* July 643* July 10 July 33* July 7 June 2 Feb. 11 69 May 6 42 Feb. 9 54 June 29 June 20 51 Mar. 10 583* 183* 113* 573* May 27 Mar. 28 58 Jan. 10 903* 3834 213* 673* 673* 183* 93* May 25 2 31 June 2 Jan. 5 105 Jan. 2 Feb. 10 June 26 Feb. 24 Feb. 20 June 25 Mar. 24 24 Feb. 24 Jan. 14 Jan. 5 Feb. Feb. 11 Mar. 19 Apr. 10 Mar. 21 Apr. 9 Jan. 5 7 243* Mar. 19 12 June 8 18 -80 May Jan. Feb. 9 9 1013* 33* Mar. 20 June 5 45 Mar. 24 5 26 Mar. 31 13* 28 June 11 93* Jan. June 3 83* June 2 8 20 Jan. 143* June 303* Apr. 13 r July 233* May 273* July 25 Jan. 107 Jan. 43* Jan. 323* Mar. 63* July 33 July 443* July 233* July 313* y 42 June 173* July 18 Jan. 25 Mar. 6 Jan. 25 Mar. 12 1153* Mar .2 8 Mar. I May 6 June Apr. 1013* 873* 173* 434 10 23 Mar. June 7 Jan. Feb. 24 2734 Mar. 25 353* May 8 55 June 13 Jan. 63* 35 97 31' 9 21 8 29 May 1133* July 25 July 29 70 205 July 16 313* Feb. 24 Jan. 9 41 9 July Feb. 2934 Feb. 25 153* Mar. 19 60 Apr. 6 207 56 July 2 2 2 July July July July 3I 24 113 3* July 3 100 15 703* io 13 33* 3 Feb. 103* June 23* July July July 113* July 113* July 543* July 38 July July 263* July 113 July 26 26 26 433* Mar. 27 Feb. 26 Feb. 573* 2 363* June 405* May 27 8034 126 June 19 105 1163* June 19 1233* 1133* Mar. 17 1153* 16 29 Mar. 26 Jan. 6 54 20 35 14 Feb. 24 Mar. 31 2 293* June 463* June 19 35* June July 61 July 121 July 120 July 115 July 3 July 14 July 133* July 32 203* 2 2 123 42 3 103* 2 93* June 112 45 223* July Mar. 21 2 1433* Feb. 26 31 Jan. 131 July July July July July July July July July July July July July July July July July July July 13 l¥ 2 June 117 July July 163* July 303* July 8 June 15* May 21 3 163* June July II * 6 2 1153* 203 2 9 1 25 97 Sale Sale Sale Sale 113 112 June 105 Sale 118 Sale 403* June 163* July 15 119 July 15] 603* July 22 613* July 22] 12 July 43* July 26 July 117 57 26 11 July 20 29 Sale Sale Sale June 3 July 3 1363* July 31 26 July 3 64 July 3 1 93* July 123* July July 118 45 17 13 49 21 118 383* 483* 503* Sale 120 1183* 1173* Sale" 1173* 43 13* July June 0 105 105 Sale 53* June 8 193* Apr. Mar. 31 104 2 93* Mar. 10 Mar. 17 65 27 2 683* Feb. 24 2 143* Feb. 24 3 293* Feb. 24 Jan. 3 26 1 1 133* Feb. 24 Jan. 6 3 Feb. 27 37 3 Jan. n 23* July July 483* July 73* July Sale 118 Sale 273* 53* Mar. 13 3 20 1343* July 2231 July 9 8 323* 15% 9 373* July Sale 1363* Sale 223* Sale 513* Sale Sale 117 58 43* Jan. 30 24 7 58 27 183* July 1513* July l¥> 20 Sale May 13 3 7 7 36 8 6 18 July 24 Mar. 24 53* Jan. 31 483* July 83* July 2 Feb. 18 81 123* July 21 % July 21 7 July 23 2 July 15 July ~ 103* July Sale Mar. 8 3 15 100 15 136 4 3* June 12 9 24 26 9 3 "42" 40 Sale Feb. Jan. 1 Jan. 123 July 30 63* July 15 Mar. 30 93* June 134 11 July July 35 23* June 803* July 16 Feb. Feb. 17 23* July July 23* July 7 243* June 11 443* 2 117 July 103* June 18 4 2 75* 25* June 423* 253* June 11 106 13 23 40 Sale 7% Wti 100 100 205 97% 400 Preferred..............100 78 335,450 Lambert Co * 16 % 6,810 Lane Bryant ... * 3% 26,900 Lee Rubber & Tire.......—* 13* July 16 3* July 15 41 June 11 1193* Mar. 10 1 1033* Mar. 27 83 3* June Mar. 27 2 104 Jan. 93 83* Mar. 3 22 June 125 Sale 41 123* July 6% July 16 15 107 30 Sale 15 13 Sale 100 Sale 1 86 Sale Sale 15 43* July July 173* July 1003* July 63* July 593* July 473* July 103* July 223* July 153* July 83* July 34 28 603* Sale 273* Sale 27% Sale 31 94 24 105 8 13 Sale 50 Sale 13 136 87 65 17 33* 823* 15 28 30 65* 29 23* July July July 23* 23* 104 100 24 16 Sale 15% 106 23* Sale 23* Sale 163* 23 23g Sale 323* Sale 60 23% Sale * * 100 10 193* 20% 3 31 July 27 July 15 July 15 July 14 19 20 §8* 20 60~ «§* 20 8 73 Sale Jewel Tea Inc * Johns-Manville * 54 Preferred 100 115% Jones & Laugh Steel pref. 106 119% Kansas City Lt 1st pf Ser B * 113% 6% Karstadt (Rudolph) 16% Kayser(J) & Co * 14 10,600 Kaufman Dept Stores ..$12.50 90 2,200 Kelth-Albee Orpheum pf.100 1% 201,700 Kelly-Springfield Tire * 28% 3,780 6% preferred 100 10% 7,570 Preferred 100 21 % 169,100 Kelsey-Hayes Wheel * Sale 35 37% Sale •/ 36 Sale Sale 5 58 Sale 35 Sale 100 Sale Sale 3 4% 40 1,050,200 Kelvinator Co 3,600 Kendall Co pref A ft* 223* Sale" 4 43* 2% 33* 23* Sale 203* Sale 11% 123* 65 583* 333* Sale 9 20% 16% 4 June 18 103 94 June 22 21 36 72 6 June 963* July Sale 60 May 16 1033* July 45 46 53* 17 27 193* Mar. 21 Feb. 5 Jan. 6 Feb. 19 12 86 22 9 8 8 6 10 8 9 63* Mar. 13* Jan. 123* Jan. 373* Feb. 24 80 Mar. 4 303* Mar. 26 30 Apr. 6 93* Mar. 26 633* Mar. 30 94 40 23* 2 106 743i Mar. 28 111 117 55 6 3 6 23* 1343* Sale _ 18 4 Sale Sale 11 233* Apr. 113* Jan. 963* Jan. 21 4 3 "46" 48 273* 106 5 48% Sale 25 293* Feb. 25 39 3* June 173* June 73* June 803* May 26 45 Jan. 3 25* June 3 3* Jan. ' 6 63* June 15 103* June 2 37 June 24 26 3* June 5 263* Mar. 13 43* June 2 50 Jan. 3 July 25 35 15 Canada..* 183* June 253* Jan. July Sale 57% Sale 153* Sale * 89 27 263* 106 Mar. 19 Mar. 24 May 13 46 1 3 21 29 46 1% Sale 132 22 % 24 86 863* Sale 263* Sale 22 3 3 116 48 10 20 July 95 July July July July July July July July July May 5 Feb. 24 Mar. 24 63* 223* 253* 853* 183* Jan. 20 90 28% 45 149% Sale * * 16 1 95 116 1123* 115 953* 963* 943* 1023* 1023* Sale 5 43* 43* 31% 28 Sale 143* 100 89% Sale 6 53* Sale 59 60 58% 39 43% Sale 83* 9% Sale 3% Sale 62,200 2,029,700 1,320 6,340 1,240 15,400 361,600 700 Sale 2 July 105* Jan. 45 July 47 July 1163* 112 Sale 933* July 101 July 103 4% July 43* 28 July Sale 143* July Sale 893* July Sale Sale 4% July 86 27% 103* 7 65 36 103* Sale 7% Sale 6% Sale 13 2 3 21 21 64 42 133* July 28 273* 3 June 19 30 123 Pref without warrants—100 intertype Corp.— ...» 66,700 Investors Equity. * 13,700 Island Creek Coal 1 1,100 Sale 1203* Preferred certificates Preferred 95 133* 2 June 43* 23* 26 263* 273s 29 31 23* 23* Sale 3% 3% 803* 82 95 83 92 1353* July 144 1352* 143% 137 July 103* 103* 10 10 11 Sale 23 Sale 55% Sale 178% Sale 10 * * 100 * Sale Sale June 13 July 1 July 8 July 3 July 2 July 28 July 1 July 2 July 8 July 30 July 24 July 2 2% 20% 33* 100 5% Sale Prices. Prices. 10 3 3* 3 7 July 6 July 20 July 9 July 3 July 18 July 2 July 9 July 3 July 3 143* 35 Sale 53 15 ""33* 3* 13 63* 9 173* 15 18 37 14 28 30 1 63* 31 25 553* 533* "I§" 28 July 3 153* July 183* July 70 July 163* July 433* July 24 July 393* July 193* July 103* July 88 July 13 Sale Price5 July 2 3* July 63* July 123* July 37 July 273* July 28 July 53* July 533* July 27% Sale 14 w/* Sale 15 15 19 343* 183* 27% Sale 56% 163* * ...100 1,660 7% preferred 100 7,973,494 Internal Tel & Tel * 126,540 InterstateDept Stores * 700 28 9 July 813* July 143* 41 % 3* % 5% 29 27 % Sale 9 22 15 16 30 15 29 Sale 3 % 51 37 28 16 6 72 14% Sale 42% Sale 193* 19 323* Sale 183* 18% 9% Sale 85% Sale 743* 30% "17" 15 85 51 iff* Sale 6* 12* 46 10i,600;international Shoe 13,450 International Silver 20 9% Sale 42 37 % 104 103 90 89 % * .—100 Sale 83 28% 6% Sale * Sale 303* 74 % 3% Sale 45 '11% 27 9,500 Preferred 100 3,840 Internat Paper pref 7%..100 23,500 Internat Paper & Power cl A ♦ 14,100 Class B * 99,510 Class C • 54,832 Preferred 100 12,700 internat Printing Ink * 3,240 Preferred 100 337,200 International Salt 100 600 7,700 Preferred- 4,474,500 Internet Nickel of 400 90 ..... 93,100jlntei"nat Mercan Marine 400 700 Sale 3, \XA 70 18% Sale 664,300;Internat Harvester...... * 33,800 7% preferred 100 260,400 Internat Hydro-Elec Sys A..* 202,530'Internal Match pref ...25 3,500 41,400 30,000 1,300 110 75 10 100 preferred Harbison Walker Ref__ 218,000'ilnternat Combus Eng... 40,000 Preferred.... S5~305 420 Sale 29,i00'lntercont:ineutal Rubber—* 83,000|lnterlake Iron ♦ 32,500llnternat Agriculture * 11,500! Prior preferred 100 118,368 lnt Business Machines * 99,300,Interna* Carriers Ltd * 213,6001 internal Cement * 100 4,600 225,900 19 7,800 New —l 14,100! Rights. 32,750 Insuranshares Ctfs Inc * ~5", 900 3,100 Sale lll,600jlnspiration Cons Copper..20 42,200Unsuranshares Corp (Del.)--* 6,600 1*407,700 19 2 .10 * Motocycle 7901 Preferred 207,200,Indian Refining 298,100!lndustrfal Rayon Corp. 81,300 Ingersoll-Rand— 50 j Preferred.. 36,186;Inland Steel 30 60 Sale . 66,200^Indlan 2,300 400 38% 40 58 * 52 2,880! Preferred 100 1163* Sale Sale 143,700 Hershey Chocolate * 88 38,700 Preferred ...» 93% Sale 5 6 4,700 Hoe (R) & Co class A * 37,000 Holland Furnace * 275* Sale 5% Sale 159,000 Hollander (A) Jk Son * 81 13,100 Homestake Mining . 100 77' Sale 4 309,800 Houdaille-Hershey cl B * Sale 61 19,100 Household Finance part pf 50 572,000,Houston Oil of Texas 100 353* Sale 8% Sale 498,3001 Voting trust certificates_25 126,100 Howe Sound * 23% Sale 505,900 Hudson Motor Car. * 23% Sale 8 Sale 674,400 Hupp Motor Car Corp 10 5,500 3,200 9,200 19,900 Sale & 16 8,700 Hercules Powder 400 495,900 263* 41 —* 16,400 Hartman Corp clas9 A Class B * 110,200 2,550 Hawaiian Pineapple.......20 .......—* 103,400 i/ayes Body... 25 5,600 Helme (G W) 7% preferred —100 130 Hercules Motors * 13,900 500 % . Preferred Hanna 190 800 Sale iVA 24 Sale m — * ......100 Greene Cananea Copper—100 Grlgsby-Grunow Co * Guantanamo Sugar * Preferred —100 1,320 Hamilton Watch..... 600 20 Sale Preferred 38,900 Hall Printing 4,800 Sale II 5* July July July July July July July 15 65 16 20 82% * • * prop/ Sale 4 33* July 28 123* July 30 33* 12% Sale Sale 3% 14% Sale Sate Prices. Ask Ask. Bid. Bid. Sale Sale —. 49,600 Gulf States Steel 7% 1st preferred.. ..100 750 6,100 Hackensack Water........25 Preferred A .....25 2,060 208,900 Hah a Department Stores. Preferred 100 14,910 2,800 ', 3 3* Great West Sug 480 30 Steel T)_— Great Northern Ir ore Grant (W Ask. Bid. ......— Preferred Granite City 732,300 23,100 1,200 Union X. Highest. Lowest. Highest. Lowest. July 31. July 1. 1931. * Granby Cone M S & P——100 Grand Silver Stores.. * Grand (F & W) Stores pf.100 640 28~806 Jan. 2 EXCHANGE Par. Grand SINCE JAN. Price Graham-Paige Motors. 208,800 148,600 137,100 1,100 232,400 32,100 33,900 178,600 149,700 112,320 11,930 9,600 6,100 3,000 STOCK RANGE JULY. PRICES IN STOCKS AGGREGATE SALES. 23* Apr. Mar. 19 Jan. 6 Mar. 2 3 N. Y. STOCK AGGREGATE SALES In Since July Jan. 1. Shares. Shares. 1,100 70 2,800 1,100 39,200 4,500 18,800 1,600 1,500 6,300 39,900 3,200 900 7,200 1126,300 1,400 24,120 2,870 66,800 18,100 275,800 75,700 189,100 92,400 4,900 39,500 414,300 4,700 9,800 190,400 1,951.,350 9,625 25,100 400 70 1,700 382,000 1,200 700 7,100 100 230 320 800 6,000 66,300 44,600 2,500 8,300 280 300 ; > PaT ' * Preferred.. ...........50 Lehman Corn (The) * 14bby Owens Glass — 2C 110 300 400 1,100 15,100 1,600 8,200 14,600 100 - 120 2,200 1,600 1,100 7,900 15,100 35,800 50 230 preferred * .* * * 100 100 7% preferred. 100 Man del * Bros..... 2r Manhattan Shirt.. Maracalbo Oil Explor Marine Midland ' 960 500 14,000 600 56,800 3,000 25" 904 400 210,100 400 40,100 165,200 1,600 10 8,000 600 5,600 270 200 89,100 700 3,300 80 3,000 4,600 3,900 36,100 5,800 100 7,700 500 200 " 6,100 100 40 840 530 61,400 211,400 4,500 39.900 30 Sale 45 Sale 86 90 30 Sale 35 Sale 35 36 Sale Sale 31 Sale 65* Sale 69 683* Sale 71 Sale 9* Sale 25* Sale 32 Sale 30 69 65 18 17 90 92 16 Sale 53* 143* 13* 103* 23* 6 Sale 23* 20 Sale Sale 63* Sale 3 Sale ■s* 8 9 10 2 Sale 22 Sale Sale Sale Sale 1183* 353* 43* 153* Sale 213* 733* 83* 90 13* 123 Sale 80 24 32 76 6 53* 85 25 92 13* 33* Sale 83* 9 13* 2 195* Sale Sale 23* Sale Sale Sale Sale 18 Sale 33* 243* 13* Sale Sale 23* Sale 60 293* 263* 43* Sale 233* 253* 198 100 Sale w "I53* Sale Sale Sale 14 Sale Sale 21 Sale Sale 80 100 104 38 V* Sale 45* Sale 73 80 109 Sale 393* 35* 43 20 11 13 Sale 235* 593* . 245* Sale Sale 4 159 100 253* Sale 90 151 100 115 143* 8if 163* 653* Sale 63* 350,150 11,940 17,900 425,660 21,700 959,700 75,250 1,400 160,804 6,200 1,029,000 fe Mulllns * *, Preferred.... Munsingwear *| 113* Sale *, 38 *| 28 ' s Hess .._._.* 35* Sale 100 —10 Biscuit.. Register * 295* 395* Sale 4 V* Sale A .* * ... ..100 * Radiator—... — * .......50 100 —50 _ Nevada Cons Cop 30,100 3,800 65,800 20,900 9,200 1,700 132,800 Newport Co (The) - 5% preferred 50 —100 100 N Y Investors Inc 100 N Y Shipbuilding 40 7% preferred 100 5,310 New York Steam pref 6%...* 2,540 7% 1st preferred 598,800 Noranda Mines Ltd ——* 2,300,118,North American..... ...» 27,400^ 6% preferred —50 8BB,600 Nor»h Amorlrnn AvIoHnn * JNo par value. 1513* Sale 60 Sale 14 143* Sale 22 Sale 28 Sale Sale 30 30 Sale 45 60 60 Sale 18 19 9 173* 73* 363* 263* Sale S3* 413* 285* 63* 105* 63* 20 635* 1505* 263* 353* 415* Sale 12 6 Sale 30 Sale Sale 40 Sale Sale 121 623** Sale 1075* 110 ilH 414 21 15 17 103* 12 10 3* Sale 22 53 Sale Sale Sale 77 Sale 213* 64 38 323* Sale 143* Sale 95* 103* 83* Sale 173* 183* 483* 65 83* Sale 15 17 Sale" 98 2 Sale 75 14 V* 163* it* 57 113* Sale 245* 16 Sale 26 15 35 14 25 83 20 55 25 551. Sale 65* Sale 53* 65* 101 1045* 1053* 1113* 115 Sale 19 Sale 703* 553* Sale 56 183* 653* 553* 9% Sale 7% Sale 54 Rale 9 25 22 30 30 13 30 15 15 1 15 1053* 115 53* 73* Higheet. Sale Prices. 30 325* 47 5* 92 55* July 13* July 493* July 124 July 102 July 213* July 33* July 34 July 303* July 13 July 35 July 32 July 44 July 42 July 83 July 253* July 223* July July 113* July 33 July 93* July 70 July 19 July 92 July 60 6 30 31 30 28 31 28 15 15 16 16 29 3* July July July July July July July 85* July 155* July 51 July 23 30 1 15 15 23 14 15 15 29 24 22 15 23 June 34 Jan. 24 35 Jan. 19 76 Jan. 22 24 15 31 15 3C 29 22 31 14 16 85* July 30 July 8 15 16 July 53* July 7 July 685* July July Sale 105 1145* July Sale 175* July Sale 633* July Sale 55 July 553* Sale 73* July 24 28 373* 4 35 283* 21 122 1.413* 1205* 283* 106 1163* 205* 733* 553* 95* 7 26 31 2 30 26 6 June Apr. 7 213* June 663* June Jan. 22 }■ 3 ; 6 | 15 : 2 3 3 , 7 1 23 ; «lH IH Feb. 3 3* Jan. 6 June 2 33* 7 3* 31 1 ; 22 7 15 1 24 20 28 17 3 11 1 6 15 2 22 30 18 10 325* Feb. 24 3% Jan. 30 15 16 Feb. 29 27 June 16 171 Jan. 21 100 Apr. 2 3 663* June Jail* 363* July 23* June 20 July 103* Jan. 183* Apr. 1-32 July 155* Jan. June 10 Feb. 7 Jan. 21 Apr. 11 Feb. 24 3 2 94 2 Jan. 8 Feb. 24 Feb. 26 2 110 July 583* Feb. 7 29 19 Feb. 10 22 9 Mar. 2 28 17 2 215* Mar. 28 July 1-32 July 293* Feb. 9 58 48 3 28 17 10 26 Feb. 16 Feb. 20 2 43* Mar. 26 475* Apr. 6 193* Feb. 18 Jan. 2 363* Mar. 26 Feb. 10 June 7 36 June 3 20 3 -• 24 23 24 13 5 28 205* 105* 165* 313* 5 5* June 1% July 13 2 233* June 36 Mar. 83* Feb. 24 70 3 1 34 25 June 37 713* Mar. 24 2 105* Jan. 43* June 55* June 104 25 Feb. 2 3 311* Jan. 29 1255* Mar. 24 27 Mar. 2 39 6 83* Feb. 13 28 245* Mar. 21 163* June 15 2 63* June 1 35* Feb. 14 24 3* Feb. 24 325* Feb. 24 27 21 i 8 8 8 12 3* Jan. June 16 8 Feb. 25 12 23 24 24 9 Jan. Tan. i 135* 8 2 July 4 July 100 ■ Mar. 20 15* 1 6 2 2UI 23 3* : 3 7 Jan. May 183* May 18 July May 2 ; 1 17 437* Feb. 24 2 1063* Feb. 27 3 73* Mar. 24 3 Feb. 24 Apr. 25 9 July 28 1 1 1003* 2 June 112 11 1 103* 175* June Apr. Apr." i 43* July 14 July £60 July 223* June ! 33* June 573* June £22 May 1 413* July 31 303'i July 6 765* July 6 363* July 155* July 22 7 11 July 3 115* July 193* July 17 51 July 16 3 123* July 1 16 July 16 July 24 69 17 85 9 : - July July July July July July Juiy July Feb. 515* Feb. 17 515* Feb. 16 933* Mar. 30 29 2 i July Mar. 19 Jan. 28 July 3 July 8 July 1 July 25 July 3 July 3 July 10 July 14 July 1 July 6 July 7 July 2 July 20 July 6H 7 26 19 24 1 5* July 10 15 Feb. Feb. Feb. 3 65 36 20 Jan. Juno 163* July 7 July 103* July 215* July 75 July 25 3 June 24 July 25 "3 1515* 6 70 July 8 24 Jan. 4 54J* Mar. 25 2 1263* Jan. 8 May 23 6 315* July 633* July 193* July 9 July 403* July 313* July 63* July Mar. 19 63* Apr. 24 Feb. July 20 29 19 3* May 27 263* Mar. 2 1033* Apr. 713* Jan. 3 Jan. 73* June 17 June 20 20 375* Feb. 3 43* June 103* Mar. 3 163* July July July July 603* July 253* July 99 903* Jan. 31 102 2 115* Jan. 213* 2 May 22 34 July 10 June 1 25 355* 2 83* June 19 333* June 25 523* .8 63 31 £27 28 5 11 24 16 June 7 1 3 Jan. Feb. 553* Feb. 63 3* Feb. 33 16 3 9 22 118 7 Feb. 915* Feb. 24 263* June 30 42 235* July 30 2 5* July 10 1 403* June _ 8 1183* July 37 July 6 45* July 3 10 2% Jan. 14 3 ~ 23 15 91 June 29 July 29 205* June 363* June 83 May 15 7 11 1 29 28 20 1 10 1 20 2 28 25 34 .Tune 603* June 25 23 July 88 July 63* July 163* July 2 July 20 July 3 July 63* July 7 % July 9 July 25* July 203* July 22 July 5 July 265* July 13* July "55* July," 15 3* 13* 78 Sale 109 3* 3* 38 23 37 22 JulYt 553* July 1505* July 225* July July 32 4 3 3 July 40 35 July 303* Sale 25 £243* July 18 20 July 203* July 1025* 1093* 104 141 140 140 July 121 118 118 July Sale 24 233* July Sale 41* 73* 2 15 July 15 July 31 July 15 July 15 July 15 July 31 30 20 36 lly> 113* Sale 16 July 573* Sale 1515* 152 253* Sale 335* Sale Sale 38 76 26 15 July 30 213* £495* 17 3* 73* 6 7 Sale 10 77.. II* 7 110 July July 363* July 29 393* July 35* July 23* July 31 20 July 22 22 July 12 July 10 143* July 1 28 July 233* July 1-32 July 1-32 July 17 18 July 15 225* July 40 40 July July 11 7 5* July 3* July 23* July 13* July 13 263* July 15 263* July 93* July 30 103* July 25 12 Sale 133* July 55* July 83* July Sale Sale 22 13* 393* Lowest 101 Sale 6 4 353* 283* Sale Sale 150 A* Sale 293* 93* Sale 120 43 Sale 24 141 Sale 403* 3* 9 121 32 J* 3* 13* 273* Sale 118 119 39 103* 21 185* 1153* 118 Sale 136 105* Class A Newton Steel New York Air Brake—_ New York Dock 20 20 Nelsner Bros 526,200 40 2H Preferred National Surety National Tea Co.. 17 Sale 145 H — National Preferred 15 78 22 ..100 * 19,900 Nat Enamet & Stamp .........100 70,400 National Lead Preferred A —.100 4,210 Preferred B 100 3,980 -» 2,111,750 Nat Power & Light— Steel Supply ! i Nat Dairy Prod Corp National 38 41 21,100 National Dept Stores 7% 1st nreferred. 1,877 279,700 Nat Distillers Prod 227,200 44,200 4,150 104,900 63,300 25,100 85* Sale Sale 7% preferred 32,620 National , Sale 7% preferred Nat Cash 28 323* 30 Nat Air Transport. National Sale 7 M 7 National Acme Bellas 14 J* 30 2* Sale 25 110 A* Sale 59 1(16"" July" "3 166" 68 433* 38 35 403* ; -—..10 Myers (F E) & Bros Nash Morors Co— National 2I 27 J* *{ Murray Corp Pj.8,700 891,576 1,785,667 Mfg Corp 51 Sale 15 233* July 4 July 58 July 24 243* July 13 68 "Sale" "203* Sale" Sale July 163* JulY ..... 503* 14 £60 iV 110 44 Sale 22 22 July July 14 100 9 15 59 inc 10 15 29 Sale 60 8 15 July 30 8 July July 20 293* July 743* July 6 July 133* July 15* July 20 July 23* July 5 July 6 " July 9 July 13* July 193* July 18 July 33* July 24 July 15* July 30 273* 143 15 15 29 24 31 15 July July Sale 72 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 6 1, 93* June 3 185* Feb. 25 883* June 2u 1013* Feb. 3 43* May 14 85* Jan. 14 19 30 Apr. 11 July 6 455* June 695* Feb. 24 225* June 345* Feb. 27 113* Jan. 28 203* Apr. 16 19 J* June 3 345* Feb.Si 146 1373* Jan. May 13 11H July 90 29 29 15 15 29 13 July 63 5 63* July July July July July July July July July July July July July July July Sale 22 203* 1163* 1183* 114 Sale 33 313* 43* Sale 43* 68 Sale 44 22 Sale Sale lek 10 333* 80 323* 855* 55* 85 303* Sale — 283* 203* 733* f $3* Sale 19 23* Sale 21 34 85 73* lok' W* 33 993* 163* 23* 83 25 243* 223* 213* 853* Sale 103* Sale 26 Preferred ' 5,400 50,200 Mohawk Carpet Mills * 43,550 Monsanto Chemical Wks 300 Rights... ....— • 4,916,500 Montgomery Ward 8c Co.. 12,200 Morrell (J) & Co... * 53,070 Mother Load Coalition 89,900 Moto Meter Gauge & Equip. * —' 39,900 Motor Products 77,600 Motor Wheel.....— 3 34 Sale 29 53* 24 Sale 120 78 Sale Sale preferred.. Sale 5* 443* 38 Sale 673* 113* 32 31 Sale 5 38 Sale 10< "285* 4 493* 87 36 Sale Preferred 96 Sale 26 43 4 J* 5 7 275* 413* Sale 41 45 Co....— Sale Sale ""23* Melville Shoe Corp...... 275* 463* W* IV2 44 Sale 16 5* 23 41 _ 67 25 Sale Sale 46 a 293* 53* Sale 44 Sale 120 % 72 Sale 6 21 % 23* 673* 28 85 5 % 27 X 24 141 W/s 26 91 293* 123* Sale 28 333* 29 295* Sale Sale 2% Sale Sale 5% Sale 53* 2 15* 33* 47 485* Sale 120 1233* 1205* 935* 1013* 1005* 19 185* Sale 33* Sale 23* Sale 355* * 600 lb",loo 60 313* 23 6%. 25 Sale —" 600 Milwaukee El Ry & Lt pf.-10i 9,700 Minn-Honeywell Reg Co • 57,500 Mirin Mollne Pow lmplera.." 150 38,600 55 27 3( » 8% 143* 203* Sale 23 215* 43* Sale 124,600 Midland Steel Products— 10,200 First preferred.. — — .100 400 10C Sale Marshall Field & Co Mengt-I Sale Sale Mormon Motor Car.........* pret Sale 20 1,772,0511 Mexican Seaboard Oil 67,600 Miami Copper 276,600 Mid-Continent Petroleum 2.70C 2,300 113* 3 5* Martin Parry Corp >bt 52 25* Sale 10 ..— Marlln-Rockwell 29 99 — — Sale Sale 773* Sale 96 90 * Manati Sugar.... 40 800 200 Sale 100 Preferred % 76 5 118 * * Elcc A 20r Mexican Petroleum. 4,070 3.80C Sale Sale —100 63*% preferred 14,000 Metro-Goldwyn Plct pref .2' 800 ""'"10 417,k;ut Sale 3 44 * Louisiana Oil 377,750 Mathleson Alkali Works. 700 7% preferred 308,860 May I>ept Stores— 16,600 Maytag Co (The)..—... Pref with warrants 17,800 10,900 65,000 1,800 2,100 1300 86 4 25 3 01' ....100 25 1st preferred... 400 5,360 1,910 5,200 16,100 13,800 201,590 31,700 97,000 207,200 3,100 5,400 Sale V 26 24 24 235* 1415* 1423* 1413* 145 35 413* Sale Sale Preferred 303,900 Mack Truck Inc 245,600 Macy.. 22,600 Madison Square Garden 56,000 Magma Copper 28,100 Malllnson (H R) Co— 20 4.fiOf 845* 11 3* Ludlum Steel... 30 6,400 Preferred 34 29,000 McCall Corp * 39 37,090 McCrory Stores * 2,560 Class B._.. * 385* 4,410 75 6% preferred 100 6,800 McGrnw Hill Pub Co * •27 205* 130,700,Mclntyre Porcupine Mines..5 1,254,500 McKeesport Tin Plate * 713* 349,000 McKesson & Robbins * 133* 33 32,100 Preferred 50 8 79,700 McLellan Stores class A * 1,000 Preferred 100 10,500 MacAndrews & Forbes Co—* "21" 90 300 144 88 46 * 278,100 60 26 28 3* -* 117,641 Louisville Gas & 57 Sale 53* 325* Prices. Sale SINCE fAN. Sale Prices. Highest. Sale Prices. 10 July 29 88»3* 53* 263* 493* 253* O 28 27 Sale 113* 95 963* Sale Sale Carbonic..-. Loews Incorporated 260 6 * Link Belt Co Liquid 90 Sale 85 132 Liggett & Myers Tob pref. 100 Common 25 "B" .-.--25 Lily Tulip Cup Corp Sale 12 113* 235* Sale * Lima Locomotive Works Sale Sale 173* 24 Lehn 8c Fink - 21,700 3,400 2,100 2,600 1,300 96,800 4,400 19,000 7,000 13 % Lehigh Portland Cement..50 Preferred .......-100 Ask RANGE Lowest. July 31. Bid. Ask Bid. Ask Bid. Lehigh Valley Coal 11,650 Lorillard (P) pref 2,185,308 Common 53,800 July 1. 1930. 920 10 5,100 16,600 Price Jan. 2 438,900 Loft Incorporated 3,800 Long Bell Lumber A 156,000 Loose-Wiles Blue 5,700 PRICES IN JULY. STOCKS N. T. STOCK EXCHANGE : 35 EXCHANGE—STOCKS its 3 5 Mar. Jan. 26 Mar. 10 185* 453* 403* 105* Mar. 26 Mar. 20 June 2 43* Apr. 83* Jan. 10 5 13 Mar. 20 Jan. 2 10 32 Feb. 26 Feb. 27 Jan. 3 553* July 30 Jan. 146 505* Mar. 25 73* Feb. 26 Apr. 30 60 Jan. 9 6 365* Feb. 24 June 2 273* Feb. 20 June 2 132 Jan. 9 2 143 June 4 8 1205* July 20 2 443* Feb. 24 195* Jan. 18 85 136 Jan. 118 Jan. 203* June 3* May 29 13* Mar. 3 33 21 70 13 June 1 July July 31 13* 23* 583* 703* 15 111 June 2 June 2 93* July 22 1 63* June 103* June 41 6 835* Feb. 24 8 153 3* May 8 395* Feb. 26 2 185* June 1 265* June 3 May 11 29 Mar. June 763* 243* 253* 145* 203* 53 3 7 Feo. 27 Feb. 27 Feb. Jan. Feb. 27 Mar. Mar. Feb. Feb. Mar. 26 24 9 24 24 Mar. 24 7 3 12 27 24 25 Jan. 20 23 28 375* Jan. 29 27 8 80 26 June May 8 May 32 Apr. May July 685* July 100 Jan. 24 23 7 3 1113* Jan. 155* May 27 3 565* June 53 Jan. 5 4 5* Jan. 2 Feb. Jan. 123* Jan. 7 July 69 July 1075* Mar. 118 Apr. 293* May 903* Feb. 57 27 24 23 12 20 1 26 Mar. 27 103* Mar. 26 EXCHANGE-STOCKS N. Y. STOCK 36 aggregate sales. In Since July Jan. 1. Mares Shores 330 410 Jan. 2 1931. Bid. Par. 280 100 42$ ..... 3;300 1,900 ifM 300 §5 16,200 40 2,600 570 650 Outlet Co 10 460 70 341,000 188,400 7,050 11,800 1,050 1,704,225 1,700 17,700 26,900 12,800 600 1,250 60 112,500 2,600 6,700 105 Prod 47 Sale 45% Sale Sale 54% Sale 51 19 Sale Sale 18 2% 100 * 400 40 8,700 465 24,700 5% * 1 28,100 370 60 32,500 Philip Morris & Co 1,256,677 Phillips Petroleum 2,800 50,100 ■ Preferred • v Sale 39 Sale Sale 33 Sale 37% Sale 92 95 Sale 97 Sale Sale '.v ' 100 92 y8 7% 1,800 260' 700' 130 800 350 100 1,100 3,800 2,200 2,900 8,400 22,900 13 52 56 9 934 7 70 9 72 57 64 19 21 0 "7"656; 22,8001 6,900j 27" 100! 560]. 10,600 189,400 10 3,300 26,000 200 30 40 10,500 53" 200 5,600 8,300 par 1134 9334 1834 18 434 __*j Procter 8c Gamble Preferred 5% ..100 5(1 50 Producers & Ref Corp 7% preferred PubSor Corp of N J pf8%_100 7% 100 6% preferred 100 Preferred (5) • $5 preferred w i Pullman Company Punta Aiegre Sugar 45 Jan. July 11 106 Feb. 33 July 3 25% June 56 I' 38 20 24! July July July 133 July 8% July 2 24 15 15 10 % 28% 6 28 15 30 1% 4,% Sale 107 34 234 Sale 11 % Sale 104 14434 149 Sale 120 12834 108% 109% 95 Salo Certificates. 50 ..25 3100 I..* Preferred Purity Bakeries Radio ..50 Corp of Amer * Preferred 100 „ 2d preferred Reo Motor Cor 248,300 Cert 11,600 1,028,200 Republic Steel Corp.... Preferred cov 109,200 6,600 Revere Copper 8c Brass Class A 1,000 6 2% Apr. 25 13% July 6% July 11% July 350,000 Reynolds Metal Co 5,300 Reynolds Spring Co New...... 10,500 * * * ' . • * 24 29 36% Jan. 9 4% Feb. 25 20 Apr. 20 50% Feb. 24 11 Mar. 19 2% Mar. 12 4% Jan. 21 2% Feb. 20 3 854 July 15% Feb. 24 May Jan. June 4% Feb. 24 46% Feb. 19 June June Jan. May Jan. Feb. June 12% Jan. Jan. July July July July July 8% July Jan. June Mar. 12 52 44 * July May 25 Mar. 23 July 21 Jan. 3 7254 Feb. 27% Feb. May Juno 1 June 25 Juno 28 23 M Feb. 27 Feb. 27 Mar. 9 39% Mar. 6 28% Jan. 12 12* 10% Sale 2 Sale 35H "Id" 2% 13% 9% 11% 12% 14 12 10 1% Sale 29% 38 31% 13% 20 45 40 51 21 20 Sale 2% Sale 8 82% 15 Sale Sale 21 A* 12% 7% 10% 6% Sale 13% 9 11% 3% 4% Salo 2634 Sale 1014 Sale 18% Sale 9% Sale 18% Sale 17 3 Sale 27% 28% 30% 32 Sale 4^8 4% Sale 63% Sale | 64* 105 3 110% "3% 8 9. 156 157 84% 137 1% July July 31 July July 934 July July 2% July 20 July 5 July 74 July 13% July 7% July 10% July 3 July 18% July 9 July 16% July Sale 138 3 57 9% Sale 61 3 13% July 27 2% Sale 8 12% 156% 159 78 Sale 138 Sale 28 % 12% 2% 30% 33% July July July July July 57 July July July July 31 10 31 55 3 51 21 Jan. 454 June 7 July 61 58% July 12% July % July 10 July - 10% 21! 2 3 ?! 3 2 24 31 15 22 13 15 29 July 4% July July 10% July 18% July 27 31 15 15 10934 2% 6 157 7634 134% 9% July 45 *1 20% July 15! 7 July 22] 83 July 91 13 % July 954 July 15 3?* if, I. 2% July 4 May July 1354 July 6 Apr. 10 May 104% Sale 38% Sale % Sale 7% Sale 75 Sale 31% Sale 10534 32% % Sale Sale Sale 7% Sale 86 Sale 26% Sale Sale 49 8% Sale 7 8 12% Sale 29% Sale 113$ Sale 21 33% 80 11% Sale 1% 1% 41 Sale 15 Salo 39% 21% Sale 8% Sale 25 30 Sale % 8% 10% 10% Sale 51 62% 65 69 6% Sale 6 7% 15% Sale 36% Sale 6 8% 5 V* 25 70 13% Sale 9% 36 34 Sale 13% Sale 2534 33 19}| 19% 6% Sale 29% Sale 10* 15* 8% Sale 59% 54 74% 6% Sale 104% July 32% July % July 6 Jan. 5 28 Mar. 16 15 Feb. 3 27 31 100 Apr. 24 5 27) Feb. 18% Jan. 15 28] 13% 27 8 22 2 26 May 2% May 56 June 107 Feb. 2S% 6 7% Sale 31 60 13% 9 Feb. 27 72 16 Mar. Feb. Feb. 158% July 96% Mar. 138 July 118% July 102% May 12834 Jan. 10954 Jan. Jan. 95 19 112 6 Jan. Jan. 148 19 7 34 Feb. Jan. 3 27 27 28 19 31 29 16 30 112% Apr. 22 10554 July 29 June 58% Feb. 27 Jan. 9 2 9 1% 5 11% Jan. 8 101% Jan. 55% Mar. 17 Jan. k vMay 5% Apr. 6654 May 24% June 6% July 15 75 July 1 26% July 31 834 July 90% July 33 July 15 21 % July 12 7 50% July 43% July 16% July 30 July 22 July 8% July 30 July % July 10 July 10% July 45 June 23 32 June 3 60 Mar. 21 11% June 1 1 3 24% 34% 29% 30% Mar. 21 15% 49% 36% 1334 30 19% 6 22 % 8% 7% July July July July July July July July July July July 31 15 8 30 24 65 July 29 6% July 12% July 28% July 15 30 69% July 6% July Jan. 263$ June 173$ June 5 June 13 3 2 4 88 Jan. 98 Jan. 6 July 16 8% Feb. 25% Feb. 3654 July Juno 8 July 17 10% Feb. 2 17 June 11 Jan. 54 Feb. 8 13 Jan. 6 30 Jan. May 26 3 June 1% Jan. 5% Feb. 10 18 10 3 8 1% Jan. Apr. 22 27 19% 4% May 12 45 7 ' May 21 10 21 Feb. 1" 27 1554 July Feb. June 51 6 Mar. 25 3 6% May 15 90 Apr. 13 27 12% July 11 July Juiy 854 July 5% June 4954 June July 17 27% Feb. 25 55% Mar. 26 2 22 8 13 34 28 4754 Feb. % Jan. 25 55 10 Feb. 71% Mar. 10 1% Juno 6% May 28 50 13 5 Jan. Apr. 109% Jan. 10354 June 1 10554 July 31 40% July 1 July 17 15 87 9 29! 39% Jan. July 20 20% Feb. 26 Feb. 26 1454 June 3| 26% 18 7 1 31! 254 June 2 2 July, 23 3154 July 6 434 July July 15 1 8 65 July July 7 July 23 110% July 6 July July 16 3% 8 July 17! July 20 8 158 J4 July 27 July 1 July 15 86% July July 31 July 28 138 July 15 118% July 29 1 100% July 29 July 2 June 74 27 15% Feb. 24 31 June 20 Jan. 80 June 54 3 11 Feb. 28% June 15% June " 334 62 116% 117% 117% 118% 117 100% Sale 99% Sale 99% 17 85% 100 23 155 56% 102% 12% 12% .Tune July 15% 45 85 30 Apr. Sale 82 14 58% 1254 % 6% 19 34% Sale 16% Sale 28% 36 18% Sale 25% Sale 10 Feb 26 10} 25% Feb.. 24 June 854 12% 48% 12% .Tan 17 May 52% Jan. 9534 Jan. 56% July 102 19 30 35% Mar. 31 103 Apr. 13 Feb. 16 250 Jan. 29 June June 11 17 Mar. 27 5% Feb. 5% Feb. 10% June 6 June 8% July 15% July Feb. 88 Jan. Jan. Sale 50% Sale 49% 98 100 14 11% Feb. 35% Jan. 59 12% Sale 100 * July 3 June 21 July 14 54% July 100 July Sale '7 6% July 11 12% July 14% Sale 47 44% July Sale 11 10% July 7 July 7% Sale 48 84 f 00 Preferred 50% Salo % Sale % % 8 % Sale 96% Sale 38 Sale lfJO 10 2 2 1 19 Mar. 133 1-128 Feb. 100 10 7 1 108% 109 % % 1% 11 10% 15% Sale • Mar. 1954 June 554 Jan. 3 1 2% July 3 July 6 July 21 July 2% July 171 28% 37% July 31 2834 97 July 30 90 4 4% July 10 1 2 2% July 7 10 11% July 23 3334 July 17 101 % July 30 9654 3 18334 207 July 9% Mar. 23 26 131 June 10 20 65 5.% Sale ! Feb. 39% Jan. 116 28 2 3 Feb. Mar. 24 54% Mar. 10 69% Mar. 20 June 1% May 19 8% 1134 3% 12 34 July 1* 110 48% June 15 May Apr. 124 Jan. 5% June 25 May 28 July July July July July July 58% Jan. 12 129% Mar. 30 16% Feb. 26 58% 13% 80 4 11 28 Feb. 25 * 100 . Pure Oil 720 1 109, Rights Pub Serv El 8c Gas pref. ..100 4,200 Reli (Robt) & Co...... 1st preferred 2,500 504,300 Rem'too-Rand 1st preferred 6,400 value. 6% June 26% Apr. Feb. Mar. 10 9 Sale 64 74 Common 31% June 2 Mar. 60 20 40 June Mar. 27 10 48 18% 4% 35 85* ?!* 65 8934 434 19 June 3 12 7 Sale 57 Sale 11 Jan. 150 54% Sale 100% Sale 85 Sale 539 ""300 20 Jan. 3% 20 Jan. 55 Salo 33 ... 23,400i 3 26 10 13% 20 750 370 85 2 65 28% Sale 14 June 5 8 55 33 Pressed Steel Car 7% pf__100 Common ... * 7% preferred "A" 50 16,000 Preferred B * 119,184 3,717,000 Radio-Kelth-Orpbeum cl A.* 2,760 Rand Mines * 129,200 Raybestos-Manhattun 10 112,950 Real Silk Hosiery.. 400 67% 10 200 100 8% Sale 319,800, Prairie Pipe Line..........25 11,594,160 ! 23 2 12% June 25 5 16% Jan. 6 10% Apr. 9 70% Jan. Sale Sale 965,100 I M 32 14% 21,200 90 800 107,600 1,200 2,600 20,800 Sale Sale 1,210 35,200 6,090 6,270 1,215,458 9,700 23,400 88,400 726,800 14,200 20,300 392,600 33,000 7,800 339,200 7,590 357,400 290 1,000 M Salo 25 7,400 88,100 178,600 700 Sale June 12454 Feb. July 4% July 2% July 11 July 30 July 100 July 193 July Sale 99% 100 8% Sale 11 14% 50 48% 1134 Sale 2 6 95 200 55 :"V| 240,600, Prairie Oil 8c Gas...........25 4,900 10,700 96% Sale 11 .... """200 3 7% 7% 11% Sale Sale 2 8 ) 34% July ! 31% July 14 13 Sale 7% 14% June 68 6 7 5 June 25 7 Mar. 3 19% Jan. 554 Feb. 21 7% July 195 193 14 12 20 Sale Sale "53" Sale" 63,400 Pierce Oil Corp. 25 26,800 8% preferred 100 171,100 Pierce Petroleum 78,900 Pilsbury Flour Mills * 6,700 Pirelli of Italy A 7,800 Pittsburgh Coal (of Pa)...100 9,600, 6% preferred ..100 19,400 Pittsburgh Screw 8c Bolt * 3,780 Pittsburgh Steel pref 100 7,100 Pilts Term Coal 100 1,4571 '»% preferred 100 26,400 Pittsburgh United 25 2,360 Pref conv ..100 8,500 Pittston Co (The) * 32,300 Poor & Co class B + 78,800 Porto Rlcan Am Tob cl A.100 55,700] Class B * 48,950,Postal Teleg 8t Cable pref-lOO 500 Sale 200 15 13 July July July July Sale 6% 21X 100 ■ m Sale Sale Sale 14 July 1% July 5% July 5 4 4% 4% 2% Sale 2% Sale 11 15 1034 1131 34 33 31% 28% 101% 102 100% Sale 17 9,700 Pierce-Arrow Mot C pref.. 100 18,800 Clu8s A * 1,400 1,200 2,600 1,000 9,900 4,100 36 10 ... ; Sale Sale 6% Sale 7% Sale 3% 334 13% ... "•/'•'.'.V-' '' 1% Sale Sale Sale 23 10 300 Phoenix Hosiery 1,570| Sale 200% 1% July 10% July 22% July 6 July 1% July 2% July 1% 1% 10 41% 23% Sale 5% 7 1% 1% 2% 3 1% 3% 9 Jan. 126% 11% 4834 49% 128 Prices. 1% Mar. 12 % Jan. 2% Jan. 9 24 5% 10% 3% 100 Preferred 45 Sale 17 _ 100 24 Sale 4 11»300 Philadelphia Co pref 6%..50 5,200 Preferred (6) new * 399,200 Philadelphia Reading C 8c I.» 2,810 Phillips Jones Corp ♦ 1,100 18,400 35 Sale 86 50 „ 25% 1% »R 200 Philadelphia Co , 45 4 3% • 24 11 37 % ...» 25 25 2% 10% 24 25% Sale 6% 7% 1% Sale 2% 3% Sale Salo 24 30 48% July 126% 128% 124% July 132 July 133 6% July 7% Sale 2 3% 3 ..... 7% Sale h* a\x * 3,915 Pet Milk 394,900 Petroleum Corp 108,300 Phelps Dodge "l",655 132 55 Sale 38 .... 300 125 45% July 44 July July July July July July July July 19 Jan. 9 17 5% July 79% July 44% July 50% July Sale 20 43 July 3 July 15% July July 45 48 Sale Sale „ 300 45% 51 _ 1,300 Sale 32" Sale 219,100 Pothe Exch..... ...» A 169,900 51,725 Pntino Mines 8c Ent ctf_._20 .....10 41,000 Peerless Motor.. ♦ 270,300 Penick 8c Ford. 329,100 Penney (J C) Co * Preferred 100 12,600 50 1,200 Penn Coal & Coke * 43,800 Penn-DIxle Cement 7% preferred -.100 6,300 * 8,200 People's Drug Store Inc Preferred * 1,040 128,800 People's Gas L 8c Coke... 100 Rights 42,400 42,900 60,800 6,100 6,900 47,700 66,500 1,900 110 15% 16% 116% Sale 118% 131 8 % Sale * ... 20 24 46 Ref..._. 8c 8% preferred. Sale 33% B stock...........50 Panhand 22% 49% 77 July 22 11% 15 14 25 July July 4 75 75 36% Sale 41 38 126 127 12634 Sale 834 8% 10% Sale 4134 44% 40% 42 4034 49% 54% 47 49% Sale X4 114% 10734 108 114% 107% 33 Sale 3034 30 34 32 50 2,649,825 Paramount Publlx Corp.. 14,183 Park & Til ford 53,300 Park Utah Cons Mines 50,000 Parmeiee Transport Co. 100 74% "45" ...........100 Pan-Amer Pet & Trans. 400 10 40 13 4% Sale 5 80 20 Sale _____ Telegr__100 Packard Motor Car 30,200 1,300 219,200 65 Corp.. Pacific Teleph 8c Class 55 Sale 100 Preferred 22 8% July 2% July 12% July Sale ifM 15 434 74 ...25 Pacific Gas & Eiec Pacific Lighting Sale 74 25 55% Sale "9% Sale 2 106% May 35% Apr. 31 47% May 16 9 July 15 9 Jan. 102 2 106% July 30 24 July l! 45% July 31! July 2. 13 22 23 15* Sale" 14% 4 3% 25 Pacific Mills 10% Sale 68 100 Preferred 3 Sale 3 * 44,900 Owens-Ill Glass Co 2,400 % 15 19 82,300 Omnibus Corp v t c_. Preferred A 100 4,900 5,200 Oppenheim Collins 8c Co » 1,443 Orpheum Circuit Inc PreflOO * 223,200 Otis Elevator 1,350 6% preferred.. ...100 85,200 Otis Steel Prior preferred 2,310 100 5,100 Sale 1 21% 45 45 "" 19 16 Sale 24 6* 100 Preferred 104% July 16 July 43% July 45% Sale Sale % July 15 July 21% 105% Sale 104% 105 Sale Highest I Sale Prices. Prices. Sale Prices. Sale Lowest Highest. Lowest. | Ask Ask. Bid. Bid. Sale 28% July 31. July 1. Ask. 102 1,509 Nunnally Co * 644,575 Ohio Oil Co (The) * 37,075 Oliver Farm Equip new.....* 16,400 Preferre<l,A.»...«,^»......* 60,255 1. JAN. Price EXCHANGE 35,500 North Amer Edison pref » 12,700 North German Lloyd w I 2,290 Northwestern Telegraph..50 15,410 Norwalk Tire & Rubber... 10 2,500 1,000 SINCE RANGE PRICES IN JULY. STOCKS N. 1. STOCK 7 6 11 11 24 19 2 6 13 83% Jan. 22% Mar. 10 Jan. 29 18% Mar. 12 N. Y. STOCK AGGREGATE SALES N Par. Ctax* cl B A klo Oil 244,830 366,470 4,930 2,830 74,900 276,800 1,773 1.868 48,500 1,399,950 25,800 17,180 39,700 1,645,300 20,550 219,500 9,060 232,690 2,350 827.190 43,200 78,700 48,900 905,600 1,583,100 25,200 145,600 20,800 3,800 4,640 32,000 10,300 21,150 332,914 3,010 297.191 253,714 St Joseph Lead.. Safeway Stores.... Preferred (6)...........100 ^referred (7) ...100 Savage Anns Corp •»chuite Ketad 32 Sale" 26% Sale 24% 40% Sale Sale 19 Sale 16 preferred Scott Paper.: 4% ...100 . Sale 50 * Sale 41 1% Sale 4% Sale * * ... Sale 39% 50 5% 6% 45% Sale 2% 2% * Second Nat Investors... 1 $5 conv preferred.........1 Seneca Copper Serve I Inc.. Sharon Steel Hoop 69 Sharp & Dohme 9% Preferred. .............100 Shubert Theatre.... Siratna Petroleum.........10 58 Sale 55 Sale 73 Sale Simmons Co 14! Sale 10! Sale 3% Sale 6% 8 15% Sale 10% Sale Shell Transp 8c Trading £2 Shell Union Oil Sinclair Con • 43 * Oil 8% preferred . Corp ..... * .... 100 Skelly OH Co... 91 25 Preferred Snider Packing Preferred So Porto Rights 34 29 Sale 2% * 8 100 92 Rico Sug 8% preferred Sou California 12 * Solvay Am Corp pref 12% * ..100 Edison 103 25 5 46 22 25 88 89 12 102 Sale 25 Sale 6 Sale 36 6 5 4% 20% Sale 20 12% 1% Sale 14 87 Sale 110% Sale 41% Sale Sale 44 90 Sale July July 3 July 6 July 14% July 8% July 87 July 10% Sale str' 105 July 24 6% July 15 8 July 7 10% July 31 50% July 29 19 July 15 Sale 21 July 30 21% July 15 64% 6 96 July July 21 108 1 July 16% July 31 8% July 15 53% July 17 50 1 6 July July 15 58% July 13 4% July 31 49% 15 31 20 1~ 30 15 20 4% July 20% July 69 ,21% A.. 1,120 Preferred 259,400 Sparks Withlngton 1,470 Spear 9c Co 25 ...100 7% preferred 100 1,809,300 Standard Brands.. 9,020 Preferred... • * • • * ... 1,124,900 Standard Gas 8c Elec 32,400 84 preferred 6,100 Preferred (7%) * .„*• Preferred (6%) Com'l Tobacco.. * Stand * Standard Oil of N J 25 Standard OH of N Y... 25 Stanley Co of America Starrett Co (The L S) — • ... 130,600 Superheater Co (The)......* 63,000 Superior OH * 60,000 Superior Steel .......100 Sweets Co of America Telautograpb 8,500 25 * July July 3 July July July July July July July July July July July July 1 25 * * * Union Carbide 8c Car No par value. 17 Sale 42% Sale 120 22% % 39% 100% 33% % 6% Sale Sale 124 92 2% 102 38 12% 38% 17% Sale Sale Sale Sale Sale 6 "3 7% July 35 5 24 11% 4 6 14% June 38% Jan. 15 30% Feb. 20 64% July 31 86 Jan. 19 98 Jan. 21 108 Sale 13 Sale 6% 55 .* 100 10 * * _» * 25 100 69% 9% 43% 2 10% 3 7% 37 Sale 29 * 9 57 2$* 15% 10% 4 29 16 P 45 Sale 15 Sale 60 2% 7% Sale 38 2% 11 Sale Sale Sale 5 7% Sale Sale 10% ..... Sale X30% 3% 8% 12 9% Jan. Sale 3% 7 Sale 3 16 20 6 21 22 6 12% Sale 4% 13% Sale 12% 12% 57 110 38 35% 101 % Sale 30% % J* 9% 8% 13 1 1% 1% 2% 3 3% 18% 19 £18 5%' 5% 6 23% Sale 21% 32 K 33% Sale 4 Sale 3% 9% Sale 9% 9% 33 11 10 35 34% 3 % 22 % 15% 10% 3% 4% 28 15% 17% 10% 11% 3% Sale 25 6 1 8 15 July 9% Juiy July o 25% July 28 9 % July 17 18% July 3 124 July 1 15 70% July 3 60% July 7 3 105% July 15 31 92 July 29 24 3% July : 15 July 15 102% July 24 15 July 3 15 July 20 15 40% July 3 15 18% July 21 8* 19% July 4July 8% July 37% July 3, 2\ 6 July 8 13 July July 31 37 July July 8 112% July 22 July 16 20% July ~ / 42 July July July 13 101% July July 27 35 July July 10 % July July 30 12% July 1 July July 14 7 July July 15 July 28 July 15 July 15 8 July 7 July 13% July 1% July 3% July 19% July 7 July 24% July 37% July 4% July 11% July July 15 July 11 July 15 July 15 2 July July 29 July 30 35% 4% 23% 16% 11% 4% 4% July 44 July June 65 Mar. 27 Jan. 50 Apr. 16 3% 44% 2% 33 May 28 0 Jan. May 27 11 Feb. 27 % 4% 6% 10% 50% 16% May 26 July 29 1 June 19 June 55 9% Sale 50% 6 % 28% 2% 9% 15 16 July July July July July Sale 123 11% Sale 52% Sale 6% July 8% Sale 8% Sale 9 1% 36 4 12% 10% 40 123% 11% 48% 8% July 8 July July Sale 32% July Sale 3% July 13% 12% July 10 U% July Sale 40 July 120 July Sale 9% July Sale 47% July Sale 91 June 2 •1% Feb. 11% Apr. 2 Jan. June June 11 9 18 Mar. 25 61% Mar. 25 29% Feb. 26 34 Jan. 26 Jan. 12 Jan. 17 M Mar. 6 1 WA 3 2 June Feb. \%H 17 Jan. 13 20 June 16 1% May 19 May 19 June 1 8% July July July July July July July July July 123 July 13% July 54% July n4 93% 36% 4% 13% 12% 59% 16% Mar. 26 3 Apr. 5 June 36 111 Jan. 6 June 2% July 48% May 10 Jan. 8% 24% 5% 14% Apr. Apr. Jan. June 3 Mar. 20 Jan. 115% 27% 92% 13% 22% Apr. 68% June 4 Jan. Feb. Jan. Mar. Feb. 62 Feb. 16% 17% 33% 17% 20% Mar. Feb. Feb. 124 6 May 17 21 16 14 11 25 21 20 Mar. 24 Feb. 25 July 1 55% June 88% Mar. 10 50% Jan. 64% Mar. 23 101 July 109% Mar. 6 90 July 31 101 Mar. 23 2% July 24 Fen. 10 1% July 15 Feb. 13 99% June Apr. 13 31% June Feb. 13 8% June Jan. 5 30% June Fob. 24 105^ 1* 13% June 16% June 2% May 27 Feb. 10 24 June 2 34% Feb. 5% Feb. 9% Feb. 29% June 3 40 5 8 May 25% June May 14% June % Jan. 10 16 Mar. 26 21% Mar. 10 54% Mar. 21 Apr. 6 110 June W 45$ May 30 Apr. % July 6 May 104% 40% 1% 18% 11% Jan. 13% 2% 6% 21% 9% 35% 55% 6% 18 July 7% July 40 July 3% July 11% July Mar. 19 8 17% Jan. 9 Feb. June 29% June 2% June 7% June July 1 52% July 23 95 21 1 6 8 26 112% ruiy 22 June 3 54% Feb. 26 Apr. 16 2% Mar. 10 36 118 Feb. 39 4% Feb. 16 15% Feb. 18 10 7% June 96% Mar. 7 Jan. 32% Feb. 26 6 80 26 12% Jan. 62 ,1 2% June 16% June 5% June July 7 July 10 July 1 July 7 July 22 July 6 July 7 Feb. 7 94 55 15 63% Feb. 26 6% Feb. 27 58% Feb. 27 3 3% June. May 28 16 June 15 % July 9% June 3% June 24% Feb. 4 June 38 June 10% 50% 5% 28% 1% 9% Jan. July June July June Mar. 26 Jan. Feb Feb. Jan. Mar Jan. Jan. Feb. Jan. . 22 Feb. 41 Mar 9 Feb. 27 Feb. 35 Mar, 18 Feb. Mar, <-•% Mar, 9 Jan. 68 Jan. 23 18 83 10 12 31 31 3 July 25 Jan. 27 3% Jan. 27 6% June 13 Mar. Fob. Fen. 59 Feb. 3% Apr. 14 Apr. 7 Apr. 6% Apr. 18 7% Jan. 6% Jan. July 17% Mai 11% Feb 94 28% June July 45% Feb Feb 10 Jan June 24 Feb May 21% Mai 75% Feb June 120 May 8% June 43% June 123 9 9 Feb. 26 91 il* a* 5 Feb. 25 Feb. 2 Feb. 9 Feb. 17 Mar. 5 17% Feb. 9% June 33% June 6 3% July 15 3 7% Sale s 16 31 15 6% Sale 29% Sale 3% Sale 1? 40 40 5 31 31 5% Sale 46 51% 7 51 25 6 21 15 16% July 31 3 July 29 7 July 29 34% July 24 Sale 14 8 15 16% July 15 122 July 28 Mar. 20 10 6% Sale 93% Sale 36 36% 4 95/8 13 23 24 Sale 37 Sale Sale Sale 3% 5% 35 4 Sale Sale 9 Sale 17% Sale 6 21% 17 14% 51% Sale * 4 Sale Sale 23 120 Sale Sale 13 Sale T Sale 22% Sale 38 5 2% 5 2% 12% Sale 92% 1% 3% 12 25 Sale 2 96 July 15 20% Feb. 27 11% Mar. 30 5% July 7 24% July 22 July 8% July 2% July July 6 3 10% June 23% Feb. 26 2 6% June 15% Feb. 26 77 June 11 103% Jan. 31 78 8% July 25 July 7% July 59% Sale % Sale 10 35 Sale 61 38% Sale Sale 8% 17% Sale 121% 123 15 S* 14 Sale 14% 10% 25% 24 Mar. 6 July 3% July 21 3 8 July 7 18% July 3 11% July 88 July 29 3% July July 112% July July 7% July 2% July 58% July 59 July Sale 104 Sale 101 July Sale 98% 90 90 July 2% 2% July 3% 1% July 103 102 102% 102,% July Sale 36% Sale 35% July 13 13% 11% 9% July Sale 37% Sale 35% July Sale 17% Sale 16 July Sale 6% 18% 25 9 Sale 33% 36 101% 101% 19 35 iv' Feb. : 42%! Feb. 10 4% May 15 25% May 28 2% June 22 58 9 5 2 4 2 2 23 1 6 19 10% Feb. 21 41% Mar. 2 12% June 20 13 27 7 1 21 6 9% July 13% July 58 July 22% July 29 75 75% Feb. 32% Mar. 6% Jan. 26 June 23 102 10% June 3% July 22% July 112% July 11% Sale 10% 10% 9% 35% Sale 28% Sale 28% 110% 111% 111 Sale 110 18 Sale 17% Sale 15% 1 Sale Sale 4P 9 19% 20 3% Sale 8% Sale 37% 78 12 59% 104 39% 28 Sale 59 15% 114 20 48 14 Sale 67 3 25 * 85,600 Tran 8c Williams Steel.. * 354,385 Tri-Contincntal Corp......* 52,900 Preferred.. ...100 184,800 Trico Products * 17,175 Truax Traer Coal * 19,200 Truscon Steel Co.. 10 * 31,700 Ulen & Co 193,500 Underwood Elliott Fisher...* 2,846,875 8% 18% 10% "B" 7% preferred. 18,400 Union Bag 8c Paper 9% 3% Dlv ctfa A.............ilO 930 15 19 5 June 25 June 13 June 1 24% June 31 30 15 " 1 % July 9 % July 20% July 18 27 July 7 1% July 3 July 6% July 30 11 July 82 July 16 88 July 7 12% July 15% July 105 9 112% July July 41% July 31 45% July 8 65 17 25 Sale * Dividend certificates C.. 49 Sale * __.. 30% 78 8% Sale 2% Sale 4! 100 1,961,200 Trunsamerica Corp Sale 116 31% 46% 3% 20 15 113 ... ... ctfs Sale 13% Preferred 22% Sale 1 Convertible preferred T her moid Co Preferred 6% 29 10 Thatcher Mfg Dlv 6% 33 * ... 5,900 Tidewater OH 6,100 6% preferred 59,400 Tlmken-Detrolt Axle Co 398,850 Timken Roller Bear 121,200 Tobacco Products Corp Class A 116,900 1,900 1,300 Sale .._* Tidewater Assoc Oil 26 55 3 * Texas Pacific Coal 8c Oil Tex Pac Ld Tr Tem etfs 10% * ..... 145,200 29,300 Third Nat'l Investors 18,800 Thompson (J R> 39,700 Thompson Products 53,800 Thompson -Starrett 400,894 38,600 Sale ...50 ....... Corp Tennessee Corp 1,467,300 Texas Corp (The) 911,200 Texas Gulf Sulphur 58,400 6,100 17 47% Sale 22% Sale 25 ... 73,800 66o,500 101% 104 45% Sale 21% Sale 50 19 5 Sale * 2,140 Studebaker Corp pref....HO'* 552,800 Common * 22,000 Submarine Boat Corp * 26,900 Sun Oil ....* 5,535 Preferred —..100 Class A....... 2 * 488,200 Stewart Warner Corp.....10 847,100 Stone & Webster * Symington Sale 59% Sale 57% Sale 96% 103 90 93% 3% Sale * 11% 3% 112% 114 92% 95 8% Sale 2% 3 55% 60 9% 10 11 11% 25% 26% 6% Sale 16% Sale 118 121% Standard Investing Cofp_—* Standard Oil Export pref.100 Stand Oil of Calif * Standard Oil of Kansas. 25 74,800 Sterling Sec Corp cl A 49,500 Preferred... 32,600 Conv 1st preferred 8,600 5,300 24,670 27,300 57,700 38 • ........ ""60". 910 33 111 16,400 Spencer Kellogg 8c Sons 27,600 Spicer Mfg Co 5,825 Preferred A 79,200 Spiegel-May-Stern Co 4,600 12,100 32,675 22,950 805,700 54,600 2,750.175 1,667,050 15 4 100 1,040 Spang Chalfant 8t Co 620 12% 3% * Sale Prices. 54% June 24 2 3% June 19% July 23 1 15% June July 2 class Highest. Sale Prices 40% Jan. 20 July July July July 33% July 1 3% 7% » 86 5% 10 Sale Sale 17% 3 15^ 19% 27% 2% Sale Sale 20 15 93 12% 11% 20% 1% 3 10% 49% ....... 1,000 Southern Dairies 6,400 Class B 8,800 Spalding Bros... 1,380 1st preferred 1. JAN. Lowest. Prices. 101 Sale Sale 8 Sale 54 6% 37 Sale 85 96 10% Sale 42% Sale 100 Sloss-Sheffield Steel 8c Ir.100 Preferred .........100 19 52% 72% 26% 1 % 4% 22% 21% ' 1% 7% 6% 10 12% Sale 57 58% 21% Sale 25% 30 7 % Sale .* ........ (G F).. 4% 23 18 101 Sale 7 11% 13% 53% Sale 22% Sale 30% 37 7% Sale Preferred Shattuck 15 Sale 4 V/* o Sale 10 26% July 26 19% Sale 15 71 1% Highest. Prices. 49% July 69 July 26% July 1 % July 3% July 19% July 18% July 16% 16% Sale 63 Sale 51% 90 93 95% 90 106% MX Sale 105 12% Sale Sale 12% 7% Sale Sale 6% 55 51% 55 50% 50 46% 50 46% 46% Sale 5 6 5% 5 56 Sale 54% Sale 52 4 4% 3% Sale 3% 43% 47% 45% Sale 45% Sale 14 Sale 106 98% 100 * Sale 55% 89% 89 84 stores.. Seagrave Corp (The)... Sears, Roebuck & Co Sale 26% 1% Sale 4% Sale 23 22% 21% 21% 104 —.. ...10 ... 70 Sale 10 ■>' pf.100 Dutch Co Nf Y «hs 51% Lowest. Ask. 38 * » Rovda Insurance 40 Royal Bak Powder 6% 325,700 Royal July 31. Ask. Bid. Sale 50% Sale Sale 31% Sale Sale 28 Sale * Rltter Dental Mfg July1. Bid. Ask. 40% 74 % 29% 4% 5% 24% 16% 10 ... Grande Rid. 10 Rhhn» WwsrfthnHfl Eleo Pr Richfield OH Co of Calif SINCE Jan. 2 1931. Shares. 5,130 2,600 644,000 200,900 24,200 85,400 RANGE Price Y. STOCK EXCHANGE 1,240,400 Reynolds (RJ)Tob 37 PRICES IN JULY. STOCKS Since Jan. 1. EXCHANGE-STOCKS Feo 3 13% Mar 2 72 Feb EXCHANGE-STOCKS N. Y. STOCK 38 STOCKS N. T. STOCK In Since July Jan. 1. Price Par. 400 2,200 200 California 22 Sale 25 Sale 23 % 46 Sale .... United Biscuit of Am..— 65 16 % Sale 44% Sale Preferred 2 100 Dyewood United 49 440 Preferred. .MO * 127,100 United Electric Coal * 168,530 United Fruit 45,800 Universal Pipe 8c Rad Co..* 20 2,600 20,400 1,600 .... 70 620 133,985 4,000 3,823,705 58,100 1,000 100 6,600 20 11,400 1,600 2,000 Prefer red. """266 3,200 1,200 2,200 6,700 100 1,000 30,200 9,100 6,200 1,600 11,500 33,800 8,400 1,600 400 2,274,900 17,000 1,000 """30 470 Utah Copper 82,600 3,500 1,045,800 200 111,040 3,700 525,700 6,165,500 10 1,220 1,955 50 Utilities P A 300 ""240 Van 750 137,300 43,660 1,480 194,600 7% 1st 5,754,000 10,400 47,700 360,700 8,070 46,700 10,600 5,120 500 12,400 "6", 100 710 680 300 930 2,100 15,200 31.800 6,900 616,950 930 "8", 900 "l",457 600 600 18~266 400 """900 1,900 262,100 144,000 S00 11". 800 1,300 70,600 160 2,400 1,900 68% 14* it* 50 60 43 Sale 100 85 90 12 Sale 15 20 50 56,500 White Motor » 26,800 White Rk M Spr ctfs__ ...» 30,100 White Sewing Mach Preferred.. 6,500 43,700 Wilcox Oil & Gas * 12,500 Wilcox-Rich Corp class A Class B * 100 5 539,100 Willys-Overland ... 7% preferred.. ..100 15,200 » 43,800 Wilson & Co "A" * 37,000 Preferred 10ft 35,700 10 2,368,800 Woolworth (F W) 100 2,621,900 Worth!ngton P & M 7% preferred "A" 100 1,100 b% preferred B 100 4,600 ..* 1,880 Wright Aeronautic • 292,600 Wrigley (Win) Jr.. 25 19,900 Yale & Towne 10 1,202,000 Yel Trk & C'ch class B 7% preferred .100 2,730 * 85,900 Young Spring & Wire * 15,000 Youngst'n Sh & Tube 900 (Blue) certificates """900 61,700 Zenith Radio Corp 9,200 53,600 Zonite Products Mo par value Corp * 1 7 1% July 61% July 1% July 62% July 2 25 105% July 16 107% July 27 54 Sale 8 20 17% 3% 3 22% 35% Sale 26 22 Sale 80 25 21% 22 23% Sale 36 37 mi* 5 7% 23 16% Sale 52% Sale 2% 2% 5% 6 37 40 Sale 60% Sale 71% 90 53% 69 10% 66% 75 8% July 19% July 3% July 25% July 20 July 130 24 July Jan. June 26 a 1 \* Sale 19 Sale 55 96 100 102% Sale 95 Sale 117% Sale 110% 25% Sale Sale 7% 111% Sale Sale Sale 25 Sale 58% Sale 95 . 19 Sale 25% Sale 9% Sale 75 80 22% Sale 70% 85 130 2% Sale 30 20 18% 20 16% 38% Sale 39% .3 3% Sale 7% 7% 6 5% 28 25% 14% 20 4% Sale 45% 1% _____ 5 6 5 5 26% ... 68% 17 40 3% Apr. 29 Feb. 18 98% June 22 5 June 1 42 1% Sale 80 31 Sale 68% Sale 52 Sale 70 89 65 Sale 15% 73% Sale 73 Sale 25 22 24 24 8% Sale 45 48 18% Sale 53 35 2% 12 56 ..... 3 Sale July 30 69% July 17 16% July 30 38 July 15 3 July 3 20% July 70 89 59% 13% 63 21 7% Sale 40% 44 17% 18 36 55 35 75 2% 12 2% Sale June Feb. 30 .Tune 20 July 2 June 35 June July 19% July 40 July 3% July 17 9 4 46% Feb. 27 49% Feb. 27 Mar. 20 32 Feb. 24 6 Jan. 7 60 Jan. 30 1 26% Mar. 20 57% Feb. 11 June Jan. June 105% Apr. 22 95% June 102% July 1 112 June 3 103 Mar. 19 114 Jan. 5 120 Mar. 17 103% 17% 4% 96% Jan. 2 113% July 10 Feb. 20 2 44 12% Mar. 25 2 June Jan. Mar. 27 June June 15 2 June 18 2 % June 15 70 20 69% 15% 28% 2% 6 July July Juno 30 17 3 May 21 .Tan. 3 Jan. 5 3% June 40 24 21 26 27 Mar. 16 5 36% Jan. 34% Apr. 19 Jan. 3 2% 7 20% July July 6 70 26% Jan. 12 47% Mar. 20 Apr. 6 10% Apr. 13 Mar. 26 3 16 6 6 July 26% July 20 29 30 20 Mar. 21 4% July 52 July 8 Mar. 19 11 2 June 27 15 2 3% June 44% Jan. 30 July 30 July 1 65 July 15 41% July 31 33% July 72% July 57% July 59% July 30 65 4% July 26% July 4 July 45% July Jan. 1% June 1% 5% 33% 68% Sale 41% Sale 5 20% Feb. 40% Jan. 32% June 11 20 4% May May 2 150% Feb. 36% Feb. 1 June Feb. 54% June 18 107% Feb. 87% Apr. 30 119% 2 20 Apr. 29 43% 10% 1% 14% June 1 20 29 18 18 24 92 July July Feb. 15 27% Mar. 12 8% Jan. 30 57% Jan. 30 51 27% July July 30 19 20 7 19 34 17«% May 31 17 7% Sale _____ 32 21 July July July July July July 1)100 July 2 119% July July lil 13% July July 9 30 July July 10 July July 15 July 15' 119% July 26% July July 74 July July 101 July July Feb. 90 1 July 22 July 56% July 101 July 1 107% July Jan. 21 3 1 Feb. May 12 Apr. 21 67% Mar. 19 71% Mar. 24 95% May 26 27% Feb. 17 9 Jan. 6% Apr. 29 40 5 14 60 Mar. 26 1 38% June 8 90 Apr. 6 17 24 28 26 16 25 13 Feb. 3 3% June 1 59% June 10 71% 4 17 June 7% 2 109 98% Jan. 3 Sale 20 ..... July July July July 39% 22% Sale 35% 36 21 Sale 1% 2% 7 71% Mar. 11 6 24 137% Apr. 22% Feb. 13 10 52% July July 25% July 94% July 7 July 15% July 4% July 46 July 1 Apr. 47 23% 94 6% 16% 2% 19% 19 25 2 152% Feb. 26 Mar. 23 2 150 60 46% July 94 July 23% July 93 July 5% July 10 July 3% July 40 July 17 5 124% Feb. Feb. 31 19% Apr. 27 Feb. o4 % May 29 Feb. 19 28 May 14 2 76% Mar. June July July 10 40 50 20% Jan. 25 98% May Sale 1 Preferred 83% June % July July 23 60 May 22 136% June 60% Jan. 37% July 10 July 45 July 42 3% * 3 40 22 13% Sale 39 26% 4% Sale 27% Sale * * * 100 13% Juno 1 20 3% Sale 49% 100 3 25% July 45 Eisenlohr 2 20 22% Sale 94% _ June 22 100 100 100 2 17 30 I 6 36% Mar. 20% Mar. 20 36% Mar. 21 25% Mar. 10 1 13% June 10% June July July 14% 2 7 7 July 12% Apr. 77% Feb. 10% Mar. 15% Mar. 86% July 7 3 20 30% Mar. 24 Mar. 27 50 69% Jan. 2 Mar. 10 30 132 Jan. 7 25 Sale 20% 160 3 Mar. 26 50% Mar. 21 7 1% Jan. 12% Feb. 24 Feb. 24 90 2 5% Jan. 24% June 19 2 3% Jan. 103 67% Sale 11% 10% 100 July 9 9 11 July 25 56 37% Mar. 26 20% Mar. 26 2 June 132 July 100 Sale 2 33 21% July % July 20 July 45 2 136 145 23% Sale Sale 17 1 June 7 144 103 53% Sale .... ~3",300 Sale 67 July June 10% May 27 July 16% July 28 July 19% July 42% July 105% July 141 % July 70% July 19 20 28 2 July 30 7 11% July 3 33% July Sale Mar 76 15% July 12% July 23 July 16 July 41 July 83% July 139% July 66% July 136 3 6 Sale 141 6 June 3 25 Sale 4 110 May 9 86% July 99% Feb. 20 83 20 Apr. 52 Apr. 41% Apr. 24 28 83% July Sale 108B 17% Apr. 29 2 6% June Sale 26% 17% 42% Convertible preferred.... 164 164 % July July July 20% July 40% July 6 3 102 30 83% Sale Sale July 31% Feb. 19 Mar. 23 16 Juno 23 2 .Tan. 46 J*Sale 21 Warren Bros 37,400 Weston El Instr Class A_. 1,400 65,350 Westvaco Chlorine Prod 196,520 Wextark Radio Stores 1,457 Wheeling Steel Corp 28 20 100 Bros Pictures Preferred 35 8% July 14% July 15% Sale War tier-Quintan Webster 10 1 July July 31 25 July 2 July 6 July 6% July 11 July 17 % Preferred Warren Fdry & Pipe July Sale Sale 43% Jan. Sale 30 Sale 22% 2 3% June 132 12 14 July 102 11% 11 27 10 18 1 7 22% 20 53,900 Wesson Oil 8c Snowdrift Sale 55% 54 $4 conv preferred 21,000 95% 105% 97 2,420 West Penn El Co "A" 103% 7% preferred 100 104% Sale 5,950 Sale 95 96 Preferred (6)._ 100 3,780 116% 118 3,744 West Penn Pow pref 7%..100 116 Sale 110% 6% preferred.—100 103% 4,180 27 28 22 * 33,400 Western Dairy Prod A. 8% 4% Sale Class B v t c...__ ... 179,400 Sale 114% 131 Western Union Teleg 100 296,700 25% 33% 33 * 119,100 Westinghouse Air Brake 69 91% Sale 7,062,860 Westinghouse El & Mfg.. 50 Sale 100% 7% 1st preferred 50 110 13,350 400 1,600 1,900 Warner Sale 420 Wells Fargo & Co 100 90' Detlnnlng.. 7% preferred.... Waldorf System 20% 39% * 100 preferred Sale 7% Sale 66% 68% 13 6 Sale 82 5% Sale 63% Sale 3% Sale 22S May 28 June July July 1 % 78 Sale 17 10 31 July July 16 23% July 1 104 6 4% July 18 39 July 28 44 30 July 16 35% 103% July 1 106% 30 July 2 56 26% 21 July 31 18% July 1 18% 9 8 July 13 15 14 Sale 7% 76 Co Preferred Vulcan 10 49 100 of America 2,200 Walgreen preferred 115,500 Walworth Co 21,710 Ward Baking class A Class B 105,800 7% preferred... 15,250 700 3,400 1,700: Raalte Sale 38 7 60% June 30 27% Mar. 2 41% Mar. 26 2 Jan. 46 18 42% Sale 35% Sale 103% Sale 33 30% 24% Sale 18% Sale 9% 8 Sale 18 50 42 50 100 139% Sale Sale 143% 100 59% 60% * 142% ...100 135 150 100% '—10 Sale * "A" Vanadium Corp 5 27% Sale 19 18% Vadsco Sales Corp...... 160 3,100 1,500 4,300 Sale 102% 29 26,600 Va-Caro Chem.. .100 8,800 7% prior pref 100 13,450 6% preferred • ... 3,000 Virginia Elec & Power 6% pf* 890 Virginia Iron, Coal & CokelOO 1,600 200 I Sale 39 96 __ Preferred.. 104 Sale 28 15 21 13 3 25% Jan, 38% Mar. 26 26% Feb. Apr. 28 Apr. 1 3 20% June 20 m July 594 July July 15 Prices. Sale 14 3 18% July July 30 18 104 24% 23% 102 36 .100 Preferred Sale 101 1ft" 3,210 Universal Pict 1st ref 744,600 U S Pipe & Foundry... 20 1st preferred 18,900 ... 16,800 U S Distrib Corp Preferred 100 3,300 7,700 U S Express.. ........ 100 70,900 U S Foreign Securities Corp. * Preferred * 13,100 52,750 U S Freight 20 78,000 U S Gypsum Co 100 7% preferred 100 ,* 24,800 U S Hoffman Mach * 475,750 U S Indus Alchol * 51,700 U S Leather v t C Class A v t c 42,500 Prior preferred v t c 100 II,100 Preferred. 7,300 3% 2% 160 160 101% 23% 230,900 ij S Realty 8c Impt. 595,200 U S Rubber! 137,700 8% 1st preferred 85,800 U S Smelt Ref 8c Mg Preferred 9,400 11,426,050 United States Steel 150,100 7% preferred \ 10,700 U S Tobacco 1,740 50 Sale 27% 101 ...... .... ' Sale Paperboard Co—10(1 United 890 700 Sale 52 142,200 United Piece Dye Works... Preferred 100 1,490 * 127,200 United Stores A-a Preferred ... 29,600 48,500 Universal Leaf Tobacco... 160 1,130 20,800 1,700 Co.. "3" 2% Sale 100 * j, Preferred United Gas 8c Impt Sale 4 61% * United Corp J. ,470 780 20 % Sale 100 Lowest. Sale Prices. July 7 38 Mar. 23 2 122 113% Feb. 2 119% July Jan. 9 Feb. 16 11 5 July 27 6 27 June 2 28% Feb. 26 13 July 3 15 17 Jan. 2 9 7% Apr. 4 July 3 5% 15 Apr. 10 52% May 29 .t76 7 23 60% July 2 31% Mar. 19 3 16% Jan. 15 25% July 2 52% Mar. 26 7 44% Jan, 16 50% July Jan. 29 3% Apr. 23 2 July 24 3 Feb. 17 July 7 48 48 July 7 40% 15 Feb, 27 Jan. 2 12 3 July 21 6 28 2 67% Feb. 27 48% June July 7 1 59 Feb. 9 4 1% May 26 2 July 1 15 Jan. 9 60 9% Juno 12 July 23 21 29 Mar. 17 June 2 37% 25% July 3 15 31% 98% .Tan. 30 105% May 18 L04 July 1 105% July 28 7 3% Jan. 3 3 2% July 2% July 2% July 3 118 15 10 * 438,500 United Carbon 217,600 United Cigar Stores 6% preferred 8,650 11,091,614 220,483 Sale 110 Preferred Highest. Sale Prices. 15% July 20% July 25 July 56% July 14 July 34% July L17 July 5 July 14% July 4% July 58% July 20% July 49% July 2% July 46 July 5 July 54% July 1% July 27 July 27% July 20 15% 33% Sale 360 United Business Publishers.* 100 10,400 14,700 300 769,100 33,800 Ask. Bid. 25 Union Tank Car * United Aircraft & Tr Corp..* Preferred 50 United American Bosch Corp* Union Oil, Highest. Lowest. Sale Prices. July 31. July1. 1931. 299,108 33,000 6,166,800 45,200 6,700 55,800 I,070 18,200 2,600 413,600 3,700 Jan. 2 EXCHANGE Shares. Mhares. 1. SINCE JAN. RANGE PRICES IN JULY. SALES. AGGREGATE 5 32 6 July July 2?* July 15 '74% July' 1 1 May 25 54% Jan. 37% June 2 June 66% Jan. 3 May 28 24% July 9% July 45% July 21 19 2% July 22 11% July 31 3 July 13% July 14% May 29 39% June 2 35 June 3 2% Jan. 2 11 June 2 July 52% July 72% May 13 Mar. 25 4 Jan. 15% Mar. Mar. 29 Feb. 23 20 19 24 27 2 22% July 22 7% July 15 42% July 27 18 July 1 43 July 28 5% June 2 June 4 42 56% May 16 Feb. 10 4 10% Feb. 17 51% Jan. 12 1 106% Feb. 24 Mar. 7 95 83% Mar. 9 66% June 17 59% July 30 9 70 June Mar. 19 Feb. 30 76 78 Feb. 28 June 26 5% Feb. 27 14 June 24 55 New York Curb Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON NEW YORK CURB EXCHANGE Stock Sales. Shares Jan. 1 to 1930. 1931. July July 31 Bond Sales. 71,167,616 Jan. 1 to AGGREGATE SALES. Since July Jan. 1. Shares. Shares. Price Jan. Par. AND Bid. $50,525,000 478,639,000 RANGE IIy JULY. SINCE JAN. 1. 2. 1931. INDUSTRIAL 1930. _____$70,022,000 582,054,000 July 31 PRICES NEW YORK CURB EXCHANGE In 1931. July 11,367,595 156,624,260 6,173,383 Ask. July 1, Bid. Lowest. July 31. Ask Bid. UH 11 Ask Sale Highest Prices. Sale Lowest. Prices Sale Highest. Sale Prices. Prices. MISCELLANEOUS 100 2,500 25 175 500 1,300 Sale 534 July Steel common....-25 Acme Wire Co 30 9 ...25 t c v 175 Adams MiUis 7% 1st pf _ 4X Acetol Products. Inc. A.—-.* Acme 14 10 July July 16 534 July July 1434 July 30 22 3 16 434 Feb. 18 July 22 634 June 18 22 6 30 "lOO 300 300 13,800 200 200 "266 200 7 11 6 100 85 June 24 95 Mar. 11 45 Feb. 9 63 May 34 Feb. 25 July 29 234 July 29 10 700 Aero Supply Mfg class A....* Class B 4,000 13,000 Aero Underwriters Corp....* * 156,900 Affiliated Products Inc.. 83,300 Agfa Ansco Corp com • 7 4 ... 5K 11X 2,875 9,100 Ainsworth Mfg Corp com * 6,250 Air Investors Inc com v t c._* Convertible preference...* 3,100 1.800 Warrants.. Preferred 4h 7K Sale 100 ■■. 8H H 4 80 2H 7 6 2 4 10 834 19Vs 9% 19 62 69 60 734 Ji 8 6 734 234 10 Sale 634 69 734 « 10 134 Sale 634 7 July 234 July 8 July 1834 July 634 July 60 July 7 July 29 234-July 14 9 July 81 2034 July 11 734 July 24 62 July 28 29 29 6 29 24 28 7 Preference 7 8 34 July 23 July 24 July July All America ----- "y "{• General Corp_20 500 Alliance Investment 9 >4 Sale 34 u* 10 34 13 11 1034 July 28 July 15 * com 13 34 Jan. 2 634 Feb. 19 34 June 6 9 60 23 1 ...........50 —* 1 3 2 Feb. 7 134 7 July 28 June 5 10 6 5 Mar. 26 434 Feb. 13 34 Jan. 12 Apr. 2234 Apr. 1934 Apr. 87 Apr. 634 Feb. 1134 Jan. ........ 3.200 Alexander Industries 4,700 11 19^4 7X 11 Sale 800 Ala Gt Sou RR ordinary...50 300 Feb. Co (The) 7% pref.100 500 Aeronautical Indus warr-. 1,350 Aeolian _ 534 Jan. 1434 July 39 5 Mar. 26 34 Mar. Jan. 16 92 90 Apr. 30 95 34 Jan. 934 Jan. Feb. 6 4 31 Feb. 134 Feb. 28 75 8 13 8 3 Mar. 10 Mar. 26 34 Jan. 24 2 11 2 8 7 Mar. 26 Feb. 2 Allied Aviation Industries With stock pur warrants.* 8,100 300 Allied Int Inv $2 conv 25 Allied Kid $6^4 25 1,700 15,800 conv "15,725 3,700 1,100 Allied Product * 100 ... ♦ 6% Series A warrants 135 5,247 2,463 135 12 900 * 12,300 Aluminum Ltd 2,050 cum preferred Series B warrants w Series C warrants w 100 ""600 American Arch Co 7,700 300 100 ■ ^ m . 32,400 96,000 200 — — — 129,600 550 100 100 25 5 18 Sale 5934 Sale 16 X 13 13 1334 10 17 31 Vs 21 Sale 40 54 34 2334 34 2 434 ..100 Corp Preferred m 2 134 "134 (Name ch anged to N 5 , Sale 65M "68" 100 Amer Dept Stores Corp.....* 7% 1st pref series A 100 Amer Founders « com Corp.......* ..25 149,400 Amer Investors com cl B * Warrants 25,900 8,925 Amer Laund Mach com....20 2,900 Amer Maize Products com...* 1,875 Amer Mfg Co common 100 2,150 American Meter Co .* r 13 15 2134 2334 34 Sale 200 700 200 500 9,400 100 Phenix r Potash & Chem r Salamandra Corp Amer Thread 134 85 134 734 Sale 1H 56 "234 65 2 259,100 67,100 270,600 100 $3 834 Sale 234 Sale 14 "434 Sale 24 534 Sale 15 '3~K Sale cum American v 65 Sale 56 75 20 334 Sale 45 434 1H 50 Sale Sale 2134 July 34 July 25 July 2134 July 34 July 25 July 6 23 10 134 July July 25 July 634 July 234 134 July 16 s 65 ""734 Sale 234 7 234 July 25 July 21 66 25 July 2 8034 July 434 July 34 July 1 1 3 "834 42 44 20 30 15 28 2934 24 Sale 134 Sale 800 6,000 " 25 24 27 r,of)6 750 5,300 For footnotes see pane 12 June 60 14 June 60 14 June 60 25 Mar. 30 June 21 21 June 29 1( 25 July July 90 Feb. 35 Jan. 134 Jan. 3334 Mar. 92 Feb. 434 Mar. 434 Mar. May 134 June 90 934 Feb. 5 134 May 27 6034 Feb. 2 25 Apr. 30 5334 June 75 July 334 July 34 July 1134 Apr. 5 24 30 30 16 July 3 134 Mar. 4 1434 May 13 July 1 234 July '"334 July 3 334 June 3 19 May 28 234 May 28 3834 June 8 Jan. 23 35 534 July 27 134 July 27 25 July 30 25 July 29 24 July 7 4234 July 6 28 3% Sale Sale pref... 5 34 July 134 July 2934 July 25 July 24 July 42 34 July 1 2 1 29 7 6 July July July 14 20 9 18 28 3 July July July 14 20 9 1 "5 5H preferred.. 234 234 2 Sale Sale 1034 20 334 Sale 8 Sale 15 1934 334 4 534 Sale 13 _3 134 July July July 15 2 15 2 13 9 15 2 July July 34 July 1 13 7 134 6 2034 334 16" Sale 24 534 7 3 18 334 Sale 6 11 7 10 65 17 65 434 19 6 34 534 21 Sale 434 1934 534 3 July 534 July 34 July 15 1 7 334 July 634 July 134 July 11 3 30 14 17 5 20 Sale July July 534 July 8 3 31 534 July 20 34 July 634 July 8 22 6 Feb. 25 634 May 14 July 21 3034 Mar. 10 82 Apr. 29 8034 July 1 534 June 11 34 June 29 1134 Apr. 16 1234 Feb. 24 3 Mar. 734 Feb. 23 Jan. 534 Mar. 41 June 3534 Mar. 45 June Feb. 17 52 Feb. 734 Feb. 234 Feb. 24 27 26 10 2 10 19 13 26 27 Jan. 23 June 22 Jan. 5 12 32 2234 Jan. 14 37 May 2 2834 June 8 28 29 Feb. 24 June 6 10 19 Mar. June 24 . 2 16 Mar. 28 July 20 3 June 3 4 134 July July 15 1 15 13 Jan. 6 2434 Apr. 734 Jan. 9 12 12 May 27 3 June 19 534 34 234 1434 June July Jan. May 2 June 234 Feb. 9 25 18 Mar. 16 28 July 20 334 Mar. 25 7 Feb. 20 5 Jan. 24 3034 Mar. 23 6 Apr. 13 2434 Apr. 9 734 Jan. 17 1734 Mar. 30 534 Feb. 13 15 Mar. 21 134 July Mar. 30 9 1434 May May Apr. 434 Jan. 1534 May 18 4 51 3 8 5 4 10 20 50 20 - 66 May 25 434 Jan. 2 134 Apr. 30 25 July 30 334 May 21 5 134 Sale 15 com { U 2( If Mar. IS 234 Apr. 3 3 334 1< Mar. 21 1634 Mar. 1 1734 Feb. 2; 134 Jan. 11 Mar. 2<■. Mar. 2( Mar. 2( Mar. 2( 1134 June 1734 Feb. "534 18 18 10 10 56. 60 434 July Sale 16 5 9234 Feb. June 234 July 25 1J4 3 30,300 27,700 11,800 16,500 102 13 Corp— American shares 1,000 * 13,700 Anchor Post Fence com 53,600 Anglo-Chile Nitrate Corp...* Ex stock distribution 6,000 1,000 200 300 4034 May 75 May 634 Apr. 28 45 534 Sale 134 134 2534 2634 9 Mar. 24 June 19 10934 Mar. 23 1 100 """500 1 224 95 6 30 3034 Apr. 20 June July 24 534 Sale 11 1934 2 J4 Sale 90 June 65 July 534 Jan. 434 Jan. Co) 34 Sale 14 23 June July 30 434 Apr. 21 134 Feb. 24 2434 Mar. 24 80 134 July July 334 July 34 July 32 534 134 50 t c Convertible 3534 July 6 3534 July 6 33 July 7 1334 July 29 75 preferred.....5 Yvette Co 6 34 Feb. 25 65 30 5 Class B 7 July 3034 July 31 July 1334 July Y Shipbuild ing 8034 Sale 434 Sale * 950 Amer Utilities & Gen 6534 July 82 July July July 7 2 7834 134 Paper Goods Co com..5 r 200 Corp 50 700 Amer Pneumatic Serv com.25 ' 55 90 * Corp.* Equities 30 2 10834 July 30 14634 July 3 10034 10234 100 July 1 10434 July 27 33 100 Amer Brown Boveri El American July July 116"" Sale 82 25 Amer British & Contr 600 19,800 1,400 4,600 Sale Corp class A.* 320 American Hardware " 1,400 100 59 >4 200 6% 1st pref series D 50 650 Amer Hard Rubber Co....100 «. 6~700 106^ 107 1 600 American Fork 8c Hoe com..* — Sale . 38,100 5 * 16,500 American Corp common.__.* Warrants.. 4,300 1,800 Amer Cyanamid com class A_ Common cl B 480,700 20 7,700 65 234 .... 25 ll",600 "9,466 13134 * Common class B * 22,300 $5.50 prior preferred 5,800 $3 preferred.... * 3,600 10,700 American Cigar Co. com..100 "25 3,300 3,900 1 234 149Sale 14 Founders' shares • 800 Amer Capital Corp com cl A* "i",I6o 23 July 30 434 July 30 26 .....100 150 7% preferred 200 Amer Beverage Corp 170 American Book Co _ 1 1 Amer Austin Car Com Amer Bakeries 30 "434 "5" i 1,720 Series D warrants w 1 1,438 8,300 Aluminum Goods Mfg 4,000 56,600 1,100 23 i 200 Aluminum Manufactures 100 "4W~~5X 100 w 100 Aluminum Industries com..* 1,600 4H A......* common 100 " 30 65 4^ .* com conv 120,393 Aluminum Co Preferred 22,750 23 pref * pref..* Allied Mills Inc 1,300 Allied Motor Indus 7,800 34 June 18 11 8 Mar. 10 7234 Mar. 27 10 Apr. 6 2634 Jan. 13 834 Feb. 24 EXCHANGE CURB YOEK NEW INDUS. & MISC. (Con.) 100 Associated Laundries com..* Common 200 .;v " ■ ; " „ 4,506 ■..'V 600 ""406 15,300 3,606 2,106 4,700 1,100 1 - ~ 200 Atlas Utilities Corp com 8% 11% 4% Sale 2H 100 Bastlan Blessing Co Baumann 8# 5% Sale IK Sale 4K 4K 1 104 100 * 25 * * 3 1% IK 37 K 3X 100 ■ Convertible 400 2,350 600 Blauner's - "1,866 14 16% 12 45 3 69 50 74 5 4 6 10,300 8,500 200 1,600 100 20" ~24~ 15# 17 20 275 7% 1st pref 1,225 Borg-Warner Corp pref Sale 10# 15 70 75 65 Sale <■» m * * Botany Cons Mills com 19,600 Bourjois Inc 8,500 Bower Roller Bearing 27 13% 3% 4 32% Sale 5% 18 75 102 60 97 7 g m 15 July July 23% July 16% July 30% July 34 July July 3% July 31 July 11% July % July 65 July 100 July 13% July 4% July 34% July 11% July % July 65 July 100 July 30 13 % 6% 6 16 31 400 200 i* 2 % 4% % 8% 22 1 Sale Sale 14 24% K .... 400 l",206 5K 7% IK 1 1% British Celanese— American dep receipts 25 Brown Co 6% pref IK Sale 23,500 '2,700 ______ 500 Bruce (E L) Co 400 2,000 200 yoo 400 27,200 11,100 Feb. 19 5 Mar. 12 2 Apr. 13 Apr. 16 15 June 18% Feb. 25 28 Feb. 18 Sale July July July July 1 14 31 6 1 July 4% July July July 22 14 30 23 July 31 19% July 3 _ 1% 1% 1% July 15 1% July 3 % 4% % 7% 18 1 8 Cable Radio Tube com v t 1% 1% 5 4 34# Sale 1% 2 Sale 5 5% % c_* 5 IK Sale Sale 4 40 Sale 40 35 23 20% 26 5 21% 4% 27 21% 1% 1% 9 28 July % July 1% July 4% July 1 28 2 27 1% July July 2% July 1 July 14 *18 *18 20 15 21% July 21% July 4 July 40 % Sale 1% 1% 4% 5 1% Sale 16% 18 6%% cum preference 100 500 Canadian Indus Alcohol A..* 50 Canadian Indus 7% pref__100 500 4% July July 40 % July 1% July 4% July 100 100 5,300 100 118 128 13 20 6 6 4 9 6 13% July 6 July 22 July July 21 July 11 21% July 18 13 13 12% 26 24 £1 Am dep rets A ord shares Am dep rets B ord shares Carrier Corp common * Castle (A M) & Co ....10 30 15 Celanese Corp of Amer— 3,100 7% 1st partlc pref ...100 New 7% prior preferred.100 4,240 1,100 Celluloid Corp common.... • 47,400 Centrifugal Pipe Corp 44,233 Chain Stores Develop com. 575 1,575 . : «• '•» — -m. ' 4,800 3,700 1,900 ; : ' 27,925 2,200 Chain Store Stocks Inc.....* ..* Charls Corp common Chatham Phenix * 10 250 Chic Burl & Quincy RR__100 10 2,800 Chicago Nipple Mfg class A.50 100 2,050 Chllds Co preferred 368,700 5,500 600 4,364,800 50,200 10,900 550 150 20% 13% Sale B *i, m — 92 Sale 12% 67% Sale 9% * Machine 9c Tool com Savings Bank Co Ltd Budapest—Amer shares. Club Aluminum Utensil 100 Cockshutt Plow Co com 2,400 164,000 3,300 3,600 19,400 _ 200 500 2,200 Cohn & Rosenberger Com Sale 81 6% 5% 5 1% Sale 10% 21% 11% 22% 14% Sale 180 170 Sale Sale Sale 89 10 64 * * ..* 1 3-16 Sale 19 Sale 15 22 * 15 17% Colt's Patent Fire Arms Common vot trust ctfs — m 1,200 .... Merchandising v t C * 39,800 $3.50 preferred ...* 1,900 * 41,900 Consol Dairy Products 6,000 Cons Retail Stores Inc com.* 2,200 Consol Theatres Ltd v t c..* 7,400 Continental Chic Corp com.* 10% 3% 5% 4% Sale 1% 2% 1% 2% % 3-16 13% 16.. 13% Sale 13 13% 3-16 300 200 600 Convertible For footnotes see page 56 preference Sale 5 15 10 25 Sale Sale 3% Sale 1% 5 5 6% 4 37 Sale 4 % Sale % Sale ... """500 26 29 2 3 11 5 20 12% June 17 15 Mar. 11 July 21% July 11 18 8 26 Mar. 11 6 Mar. 81% July 5% July n2% July 30 2 9% July 14 10% July 11 14% July 30 15% July July July 28 180 12% 67% 6% 62% Sale 14 17 10% 14 9 11 5 15 July 15 5% July 7 5% July 5% July 8 3% 1 5% 8% 5 2% 6 40 3% 8 3-16 Sale 3 _ 1" 4% 39 3% 2% 5% 36 4 17 197 1 Jan. May 108 Jan. 61% June 5% May 59% May 7% Apr. 3 June 29 7 Apr. 28 3% June 2 3% June 6 8 May 29 June 3 l-16June 3-16 July 3 14% July 14 July 12% July 7 12 1 3 10 4% July 9 July 1 % July 1 % July 21 16 8% July 3 % July 1% July 3 6 16 8% July 3% July 1% July Feb. June May % May 14% June 6 1% June 23 9% Feb. 11 6% May 19 % July 16 14% July 3 11 July 30 10 July 14 15 31 5 13 9% May 3 23 8 July 81% July 10 Jan. 180 39% June 4 Jan. 11% Feb. 19 24% Apr. 21 Jan. 85 July July July July July 9% June 10 11 Apr. 29 Apr. 14 21% Feb. 16 2% Apr. 27 l-16Mar. 31 % May 21 3% Feb. 9 Jan. 2 1 % July 16 1 3 3 5% June 37% Feb. 24 Feb. 32 8% Feb. 10 4% Mar. 31 20% Jan. 180 17 25 65 68% Jan. 28 5 May 27 5 June 1 1 Jan. 2 7 Feb. 9 15% June 12 3 Jan. 12 45% May 27 15 28 July 89 21 4 11 11 July 1% July July 9% July s63% July 5% July 62 July 24 Jan. 18 5 89 Jan. Apr. 15 31 74 . Mar. 14 20 1 2 65 Apr. 10 July I Apr. 11 9 46 7 Con sol Automatic 4.300 35 4 39 100 Conv preferred 200 Compressed Indus Gases ..* 12,100 Consolidated Aircraft com..* 1% Fob. 17 June 25 June 16 21% May 1 31 Feb. 11 6% Apr. 11 40% Mar. 27 1 Feb. 10 2% Mar. 7 7 Jan. 17 % May 11 25 Apr. 12 12 5% 5 8K Mfg25 Columbia Pictures Corp com * Colombia Syndicate 200 — 9 17 200 Columbus Auto Pts conv pf.* Commonwealth Secur Inc... ' 22 % May 7 10% Mar. 3 17% Mar. 24 % Mar. 5 4% June 19 2% Feb. 24 6 Feb. 24 1% Mar. 17 8 July 23 21% Mar. 19 24% Jan. 3 20% Jan. 27 26 6 22 2 22 % Apr. 200 Cleveland Un Stock Yards. 3.800 % May June 23% June 21% May 18% June 4 Jan. 34% Jan. % May 1 % June 3% June % May 9 1 57,300 Claude Neon Lights com 25,300 Cleveland Tractor com 2,100 5 19 30 6 19 27 20 July July 52 46 34 400 Claude Neon Elec Prod » 1.400 Apr. 15 181 % June 4% Feb. 11% July % Mar. 4% June % June 3 Jan. % Feb. 5% Jan. 20 Apr. 16% June 18% June 4 .10 1,200 City & Sub Homes Co 100 Clark Light conv A stock.. 3.700 Mar. 27 May 29 96% Apr. 1 Mar. 25 160 15% June 12 1% June 12 14% May 19 32 Jan. 8 ...... City «, * 80 104 June Mar. 16 15 Preferred BB 5,700 City 400 185 89 Sale 11% 22% 15% Sale 150 Preferred Preferred 5% 5% 2% Sale 10 6% 20 20 Sale Sale 75 7# Sale 5# Sale 1% Sale 15% Cities Service common 14% 52 Allied Corp Non-voting common 112,800 10,500 27 Jan. Carreras Ltd 300 18 Feb. 3 122 128 118 ... 1,100 Feb. 24 16% Feb. 9 2% % Jan. 6 *18 17% June 7 6% Apr. 13 *12% Jan. 19 92% Jan. 23 6 14 4 2% 2K 100 Capital Management Corp.25 1,000 Carmen & Co conv A stk B stock .—_...* 300 7.700 Carnation Co common.....* 200 16 31 38% Mar. 2 20% Feb. 19 May 13 June 35 900 Canada Cement Co com..100 "' July July June 27 85 26 June 100 23 30 Mar. 10 ir 11% June July July ......... 200 Camden Fire Insurance 200 Canada Bread Ltd com 100 8% 24% 71% Mar. 3 5 July 30 13 100 100 Bucyrus Monigham class A. 7,925 Bulova Watch Co $3.50 con pf* * 6,600 Burco Inc com 6,300 6% pref with warrants..50 Warrants 16,300 11,200 Burma Corp, Amer dep rets.. 20 9,000 Butler Bros * 500 Buzza Clark Inc common """200 2°0g 6% 6 3 Apr. 9 37% Jan. 21 19% Jan. 28 7 28 65^ 5% July 11% July 9 41% Feb. June 30 3 27 23 30 14 5 Feb. 28 £1 Amer dep receipts reg 2,400 4% Sale 24% 25,600 Brit-Amer Tob Ord bearer_£1 % Sale ? 4 Feb. Mar. 20% May 80% Mar. 20H June July 5% July 11% July • 1st preferred 10 100 7,500 Bridgeport Machine com 3,800 Brill Corp class A.... * Class B ....._.* 2,850 2,600 Brlllo Mfg Co common......* Class A .* 7,900 T.200 16 May 2% Apr. 13% June 5 July 15% July 30 6 Mar. 20 16% 6 88% Jan. 125% Apr. 175% Jan. % 5% 7 5% Mar. 10 2% Mar. 19 8% Feb. 16 Jan. 15 2 110 May 26 2% Jan. 14 1 1 200 Bowman-Bilt Hotels com. 100 . «. 90% June * 100 '800 100 34% May 14 100 90 Boss Manufacturing com Mar. 13 li$ 58 July July 5 13 75 102 97 13% Feb. 26 37 1% Jan. 17% 3% 30% 100 40 Boston & Albany RR """loo 85 13% 14 4% Sale 34% Sale 11% Sale ' 25 17 19% Jan. Sale 89 34 88 27 83 * common July 25 16% 30. 14% 29% 16 31 Sale Jan. June 93% July 2 July 38 14 30 1% July 6 July 92 14 15% 30% 23% 24 22 2 4 8 8 3% Jan. 1% May 2% June 8 May 10% Jan. 2% 1 •% 29 16 preferred-—* 10,700 Bliss (E W) & Co common • * 194,500 Blue Ridge Corp com.. 124,050 Opt 6% Conv pref 50 6,200 Blumenthal (S) 9c Co com...* 3,400 Blyn Shoes Inc common 10 2,200 Bohack (H C) Co com • / June 4% * 7,900 Blckford's Inc com $2.50 cum conv pref • 2,300 * 7,625 Bigelow-Sanford Carpet 130 6% preferred... ....100 """700 37% July 98 Sale 25 29 25 June 5 4 41% 2 2% __* 34,028 Benef Indus Loan com 3,900 Benson Ac Hedges common..* 6,200 «. 94% 92 % 4K 4 July 12 15 5 38% Sale 2 100 Conv 7% 1st oref 4,400 Bellanca Aircraft v t c Sale 4% 41% 90% 108 2 2 55 Mar. 110% Mar. 6% Jan. '"4% "~5% 12 35 Mar. 30 July 6% July 1% July 6 July 12% July 15 July 8 7% July 5 July 1% July 4% July 10% July 24 Mar. 27 60 59% Apr. 14 l-16June 17 9% 11% 39 37 % July 17 Feb. 4 Jan. ..... 5% Sale Sale Sale 5 (Lud) & Co 225 '"8 10 "8 4 8% 11 ♦ Aviation Secur of New Eng.* Alton-Fisher Tob A com... 10 34 % May 20 3 Apr. 110% Mar. % July ..... Cony prior participating. Securities Corp 6 56 8 Aviation 2% July July 25 4 3% "M Sale" Automatic Voting Mach com * "IS T% " T% 4 3% 4% Warrants 500 Bancomit Corp common """500 ""3" 6 3 Jan. June % May % Jan. •u 34 3% * * Atlas Plywood 2,003 Babcock & Wilcox Co 22,600 Baliia Corp common Preferred 9,400 275 5,300 2# 1 % 33 * $3 pref with warr 15,100 249,008 29,804 23,000 50,900 8,400 1,600 5,000 — * v t c 22,200 Associated Rayon Corp corn.* 40,900 6% Conv pref . 100 6% pref ctfs of dep .100 6,300 10,200 Atlantic Coast Fisheries. 20 Atlantic Coast Line Co. 50 * 27,900 Atlantic Fruit & Sugar * 23,400 Atlantic Securities com 1,800 .... 5X Mar. 4% May July % July 5 6 7 7 41% Jan. 36% May 22 4% July M July 4% Sale 5# 4% Sale 4% deposit recta__£l American 37,400 1,500 1,900 Ask Ask. Bid. Associated Elec Industries— Highest. Sale Prices. Prices. Sale Prices. Sale Prices. Sale Lowest. Highest. Lowest. July 31. Sale 38 * Bid. Ask. Bid. Par 500 Arundel Corp | July 1. 1931. Shares. Shares. 2 Jan. CURB EXCHANGE 1. Jan. V Price NEW YORK Since V In July SINCE JAN. RANGE JULY. PRICES IN SALES. QREQATE A 24 Mar. 14 20% 84% 7% 72% 8 6 17 Feb. 24 Mar. 3 Mar. 25 15 May 20 Feb. 40% Apr. 22 10 May % 20% 10% 10% 7 Apr. Apr. 15 Feb. 24 8 Jan. 9 14% June 6 3% Feb. 10 9% Feb. 11 8% Feb. 3 % Jan. 9 22 Feb. 5 23 Feb. 24 22 Feb. 16 14 Mar. 19 46% Feb. 10 21% Feb. 16 10% Jan. 2 % 1% 9% 4% Jan. Jan. May Jan. 3 Apr. 10% Feb. 37% Feb. 2 13 13 16 22 26 3 NEW CURB YORK AGGREGATE SALES. PRICES IN JULY. NEW YORK In July Since Jan. 1. Shares. Shares. v ' mm m m mm 100 Jan. 800 Courtaulds Ltd.. 3,000 m m mm mm mm mm m m mm m m m ^ m ^ 325 "3",800 Crown Zellerbach Corp $6 conv pref A 49.200 Cuban Cane Products 600 Cuban Tobacco 200 m m — — — 5.900 Cuneo Press 600 — 20% Sale 19% Sale 19 23 34 Sale 5% Sale 14% Sale Sale 4 43 Sale "8 8% 19% 25 8% Sale 15% Sale 3% 4% 37 40 18% J7/* 30 34 28 22 28 115 105 110 7% Sale Sale 9 18 "7% Sale 4% ....10 200 , 14,500 6 6 "8"" July "14 13% July 7% July 14% July 3 July 34 July 23% July 22 3 9% July 2 16 % July 7 3% July 7 29 15 16 23 37 July ■\7 Deere Ac Co June 17 19% July 31 19% July 31 25% 29 Sale • Sale 51 * 100 com De Forest Radio * t c v . 18% 5 12 Sale 16% 3% 17 4 9 July 1 13 July 22 23% July 30 25 July 3 3% July 23 4% July 2 % July ,1 % July 17 31% 24% 31 26% July 15 28 "5" "16" "5" July "30 5 1% 18 17% July 1% July 2% Sale 1% 2 1 4 20 21 July 14 July 18 July 1% July 30 27 8 370 Dictaphone Corp com 5 10 6 June 6 18 June 2 23% Feb. 24 36% Jan. 30 8 June 19 5% Jan. 2 14% July 15 2% May 19 34 July 23 June 7% Jan. % % Sale 14% 12% ""2% Sale 36% 1% Sale J 10 15 % Sale % to Sale 27 Sale % 17% % - 20 Sale nH Sal? 4 5 3% Sale 3% 4 3% 5% Sale % July 3 23% July 22 15 Apr. 6 22 Feb. 40 m m m Sale 2 Sale "1% Sale" 14% July 6 July 1 July 29 15% July 31 3 July 15 17% July 11 1% July 10 % July 29 30% July 7 4 July 1 11% July 1% July 22 13 1,300 700 220 : m mmm m m 1,800 11,500 34,300 484,300 15 25 14 25 6 6% 5% 6% July 117 July 5 % July 6 * com Preferred.. 9 6% July 14 127 July 14 5% July 9 11 14 8% Apr. 14 35 Mar. 24 1 107 2 June 7% preferred 27% Apr. % Feb. 6 Apr. 26% July 84% June 5 July 17% July 39% Mar. 23 % Jan. 7 6% Jan. 21 36% Mar. 27 90 Apr. 9 5 July 30 18 July 27 1 Jan. 22 26 30 15 3 30 20 8% Mar. 12 2 2 2 2% Jan. Apr. 16 4 Jan. 23 5 % June Mar. % % % 15% Mar. May July July 1% Jan. Feb. July June Mar. June Feb. May 26 18 29 31 2 14 22 1 23 4 21 22 Apr. 16 Jan. 17% % % 2% Apr. Apr. Mar. Jan. % Apr. 44% Feb. 8% Mar. 5% Apr. 14 Mar. 20 3% 19% 8% 24% Mar. 2 Mar. 11 June 4 Feb. 21 Apr. 28 23 38 31% 30 21: Sale 20 22 18 21 18 24] Sale 23 24% 60 70 3% Sale 1% Sale 3% Sale 1% Sale 18% Sale July July 11 15 July 16 18% July 31 21 21 July July 7 7 1% Sale 2% Jan. 1% July " 22 4 Jan. 28 16 1% July 2 ..10 Duplex Razor— $4 prior pref with warr...* 400 Durham Hosiery com cl B__.* 14,100 Duval Texas Sulphur 18,300 Eastern Util Invest 900 Edison Bros Stores .* cl A * "2 20 2% 10% % 1% 2% Sale 3 S% 23 1 2% 3% 11 10% % 1% 2% 9 23 1 1% 2% 12 "8,760 . 300 Elec Household Utilities...10 -- "4",300 74,800 Elec Pow Associates Class A 130,500 7.300 600 Elec Prod of Colo _ ■ '"2", 800 43,200 100 6.100 m'm m mm com 4% Sale 4% 15 * 13 * 12% Sale Sale 22 9 Sale 67 70 30% 33% 3% Sale 14 14% 13 71 75 2% July 29 July 21 3% July 30 1% July 13 3% July 2 July 21 10 4% July 1 Sale 70% 74 25 35i/ 12% July .til% July 17 15 15% July 15% July 2 2 12% July 73% July 24 ~ 14% July 1 73% July 9 Emerson Bromo-Seltzer— ""loo 5,000 mm m m 'm m 800 4.400 m m """lOO 100 "l",000 — * Cum conv Warrants pref m """640 10 '""266 ""800 Sale Sugar....... 100 300 700 100 m mm mm 300 Finance Co of Amer 1,750 Fire com 100 ... 5,300 157,500 3,925 _ 25 Foltis-Fischer Inc 20 24% 30 10% 4 1% 1% Sale % 3% 29 15% 5% 6 3% Sale Sale - 400 '-v. 600 200 4,800 • 9% 16 6 8 4% 6 10% 5% 4% Her * Amer dep rets..Ord reg £1 970,710 Am dep recta ord reg new 6,800 14,600 Ford of France Am dep rets 58,843 Foremost Dairy Prod com...* Conv preference....__._.* 8,650 59,000 Foremost Fabrics Corp.....* class A • 21,500 180.800 Fox Theatres class A com...* 6 25 1,5 1 13 July % July 7 July 1 13 24 July 28 5% July 16 24 July 28 5% July 16 3% July July % July 10 15 15 4% July 33 July 3-16 July 8 21 8 5% 6 July 8 6 July 6 2% July 2 2% July 8 *i% July"7 2% July 16 8% July 18% July 11 July 1 % July 10 July 1 1 1 18 22 5 10 11 "10% Sale" 1 8% Sale 18% Sale 11 2 Sale 1 % 10 1% 1 % 8 14% 9% % 20 10% 11 % 2% July 15 July 9% July % July. 10 July 16 16 15 30 22 """% "2% 100 com Feb. 105 34 June 46% 39% 32% 27% 41% May 2£% May 18 June 16% June Apr. 2% June 80 1% Jan. Jan. % Jan. 1% June 3% w. 7% ... ... 2 21% Sale 25 Sale 15 Sale 3 Sale 2 3 1 4 4% 4 July 7% July 2 July 2 6 14 24 Mar. 19 Feb. 20 7 Apr. 27 3% Mar. 26 9% Mar. 9 14 8 2 2 May 29 6 Feb. 21 Feb. 6 % Jan. 19 3% Jan. 27 7 Jan. 25 10 Feb. 18% Jan. 5 3 May 27 42 June 15 6% 26% 22% 22% 5% Mar. Feb. Feb. Feb. May 18 Mar. 11 Feb. 10 June 2 9% June 3 9 3 June 25 Jan. 2 29 11 23 19 26 26 1 21 25 25 31 70% June 3 8 May 20 11 May 6 88% Fob. 10 May 18% Mar. 31% Jan. 23 20 19 33% Feb. 16 31% Jan. 14 2% Mar. 20 June % May 20 7 July 13! % Mar. 18 6% Feb. 4 % June 5 22 Jan. 5% July 2 June May June May June May June Jau. 2 28 10 Feb. 10 1 28 June 1% Jan. 2% Mar. 18 1% Jan. 10 5 19 21 16 19 8 9 Mar. 23 2% Apr. 28 42 5 29 % Mar. 20 16% June 1 88% Mar. 7 3 July 23 6 3% Jan. 25 7% June 2 15 July 16 9% June 2 % July 30 June Mar. 11 % Jan. 22 Feb. 4 16; Apr. 24 1% June 12 14% June 12 10 7 16 % Jail. 6 % May 26 1% Jan. 3 2% 20% % 9% 4% 5% 16 Jan. 8 % Jan. 30 15% Feb. 19 11% Feb. 24 6% Apr. 6 4% Mar. S 5 15 6 Feb. 13 Apr. 15 10% Jan. 43 6 Jan. Feb. 21 9 13% Mar. 3 1% Jan. 13 11 1 24 May 13 Feb. 3 Mar. 25 SS% Mar. 6 8 Mar. 25 12 Mar. 23 3 Jan. 28 Sale 17% Sale 16% July 30 July 9 28 18% July 3 30 July 28 14% May 27 22% June 3 29% Mar. 21 12% Sale 11% Sale 10% July 15 13% July Jtily Yi. July 1 % July % July 22 27 20 9 7% 12% 6% % 19% 14% 10% 3 % % 2 9-16 Sale 2% Sale 23 28 14 Feb. Apr. 29 18% Sale 1% 4 July 6% July 2 July 5 Apr. 14 Apr. 13 Jan. 6 6 A..* Ford Motor of Canada cl A..» Class B .....* ootnotes see page 56. . 16 % % % 1% Foundation Co foreign shs 3,500 15,500 July % July 7 July 27 Ford Motor Co, Ltd, 62,500 25 1 4% 25 4,100 Fischman (I) & Son class A_* 9,100 Fllntkote Co class A ..* 900 5,500 1% 1% Assn of Philadelphia..10 200 Firemen's Fund Insur ""300 25% 5% 400 Financial Invest Co of N Y.10 m mrnmmmm % 5 .... 400 1 * 5,100 Federated Metals Corp .* 2,300 Ferro Enameling class A....* 17,900 Flat Amer dep rets * 1,700 Film Inspection Machine 400 22% .* . 1 1 9 12,300 Fabrics Finishing com......* 4.300 Federal Bake Shops com 700 Federal Mogul Corp 5,600 Federated Capital Corp 300 6% cum preferred ""500 5 3% Sale 20% 23 11,700 Fandango Corp com.. * 1,200 Fanny Farmer Candy Shops. 13,300 Fan steel Products Inc * 1,000 Fedders Mfg Co class A ..* ■ 1% Sale ............ 30,200 Empire Steel Corp com * 4,000 Employers Re-insurance 10 3,200 Ex-Cell-O Aircraft & Tool..* 2.670 Fajardo 300 "~1% Sale" ...... 11,000 Fageoi Motors Co com 10 42,000 Fairchild Aviation class A. * 1,700 Fairy Aviation Amer shares m'mm - * com 300 Empire Fire Insurance ■ m m Class A non-vot Class B common.. 88,300 Empire Corporation com....* 100 «. 300 300 102 25 12% 14 12% Sale Sale 1% July 27 22 14% Sale 13% Sale 400 Electrographlc Corp com...* 60 Elgin National Watch Co..25 m Sale _._* com Elec Shareholdings com * Conv pref with warrants.* 6 15 10 Educational Pictures Inc 8% 2,900 pref with com pur warr.100 85,300 Elsler Electric com * 5 8% Apr. 12 * com Mar. Jan. 3% May 72 "3% "3% 3 14 51 22 45 30 Feb. 7 30 56 2X 36 Mar. June 11 38 32% Mar. Jan. 2% June 29% July 40 July 31% July 31 30% 13 10 26 16 9 26 25 34 30 11 Sale 23 17 9 8 6% July 117 July 14 132 4% June 1 7% 48 Apr. 10 52 July 42% July Durham 100 9 8 % Mar. 24 2 12% Jan. 2 % Apr. 10 30 31 .100 Dubilier Condenser Corp...* Durant Motors Inc * 300 Durant Motors of Can 600 1 14% Mar. 12 Apr. 27 29% July 30 42 July 14 ..100 1,900 """§66 3 2 June 24 3% 11% 1% 18% 8% 24% 18 July July 10 * 550 Draper Corp * 24,300 Dresser (S R) Mfg class A...* 1,100 Class A certifs of deposit.. 30.000 Class B * 22,600 Driver Harris Co common.. 10 m mm 11 6% Mar. 51% Jan. 19 % July 24 4% 12% Sale "~I% 7% pf 100 1,300 m Class A with warrants 10,600 Dow Chemical Co """200 22 25 4 % 200 Dominion Steel & Coal cl B.* 200 Douglas (W L) Shoe 50 Jan. 23% July 30 17 May 2 3% July 23 5 % Sale * 510 Dixon (Jos) Crucible Co.. 100 6,100 Doehler Die-Casting.. • 125 Dominion Bridge Co Ltd....* 300 9 15 Dinkier Hotels 300 14 8 1% June 100 De Vilblss Co 7% pref 10 100 Diamond Shoe Corp com...* 600 Jan. 54% Jan. June 7% Mar. 5 34% Apr. 28 14 28% 30 1,300 Am dep rets ord reg..'..£l 7,000 Deisel-Wemmer-Gilbert com * 229,300 Detroit Aircraft Corp. 1,700 Detroit Gasket & Mfg com..* 100 30 Prices. 21% June 10 7 107 De Haviland Aircraft Co— """500 33% July 34% July "8" Jufy"l4 % Sale 4 .* 600 Decca Record Amer shares.£1 170,300 648,000 19% July 31 19% July 31 Highest. Sale Aircraft— Pref with warrants 353,200 Dayton Airplane Engine 25,600 23,700 Lowest. Sale Prices. ,--* warr.. t c.~* v ._.* 100 Davis Drug Stores com * 100 Convertible preferred....* 98", 100 Highest. Sale Prices. 25 20% Sale 7% Sale 14% 15% 23 4,400 Davennort Hosiery — Lowest. Sale Prices. ... 100 Curtlss-Wrlght Export com.* 163,900 Curtiss Wright warrants... - 3,500 mm com com Curtiss-ReJd m Sale 34 105 1,600 Curtiss Airports v t c_ 400 Curtis* Flying Service Inc — 100 ; Sale 42 ..... 200 - Ask. 13 <>%% pre'with warr....100 200 Curtis Lighting Co * 1,900 Curtis Mfg Co class A 1,900 — July 31. Ask. Bid. 1,250 — 200 — Bid. 25 1,000 Preferred with warrant#.^* 1,300 Crowley Milner & Co com...* 12,500 Crown Cork Internet cl A..* ^ 2,200 July 1. Ask. 100 Wheeler Elec Mfg...* Crosse & Blackwell— ■ 1. JAN. £1 90,800 Crocker 300 Bid. Am dep rets for ord stk reo 200 Crane Co com 25 Preferred 10,500 SINCE 2 1931. INDUS, at MISC. (Con.) Par 2,200 Cont'l Roll & Steel Fdry com * 14,000 Cooper Bessemer Corp com..* 4,900 |3 cum pref with warr * Copeland Products Inc class A without warr 3,200 * 1,985,200 Cord Corp ...5 19,300 Corporation Sec of Chic * 12,900 Corroon & Reynolds com * 16 Conv pref A 7,700 * 2,500 37,600 2,300 1,000 RANGE Price CURB EXCHANGE "jntinental Shares Inc— Preferred serips B 13,325 100 Convertible pref 54,245 100 500 Coon (W B) Co common.. * 1,750 3,050 41 EXCHANGE 3H Sale 3% 3% 2% Sale 7» 2 July 2% July 7% % 1% % July July July July 3% July 3% July 3 22 18 18 13 16 1 June 4 Apr. June July 1 Apr. % June 27 2 27 13 16 2 July 15 2% May 20 62% Feb. 16 4 Jan. 26 Apr. 20 Mar. 5 Jan. 8 Jan. 5 6% Mar. 20 5 Fob. 27 6% Jan. 23 range PRICES IN JULY. aggregate sales. CURB EXCHANGE 1931. Bid Ask. com....* 100 * 5 6% 75 7% preferred 750 Franklin Ry Supply Co 2,080 Gamewel! Co 6% pref 254 July 334 2% 3% Sale 100 14% 4% 6% 16 5 Sale 99 14 X 5 Sale is 14 X Sale 4% 6% Sale 4 4% 4 40 July 9034 July 1354 July 96 9134 90J4 29"" "35"" Sale Prices. July July July July July 27 9054 14 34 5 34 654 5-4 July 32 July July 434 July 54 July July 32 Highest. Sale Prices. Prices. 254 July 2 334 July 20 40 * 4,400 Garlock Packing Co com • 12,300 General Alloys Co 113,300 General Aviation Corp com * 5,400 General Cable warrants..... 1,300 General Capital Corp com..* General Electric (Germany)— Am dep rets for reg shares. 100 Lowest. Highest. Sale Sale Prices Ask. Ask. Bid. Bid. Lowest. July 31. July 1. INDUS. A MISC. {Con.) Par Franklin (H H) Mfg 5,900 i. 2 Jan. 1. Shares. jan. since Price NEW YORK Since Jan. EXCHANGE CURB YOKK NEW 43 7 34 20 Feb. 21 4 34 Feb. 4 34 Feb. 40 July 27 46 Apr. 27 9034 June 10 10154 Feb. 19 1334 May 27 1834 Mar. 21 4 Jan. 14 1034 Feb. 26 2 7 6 1 3 12 34 June 1 May 27 37 June 4 16 27 6 Mar. 26 354 Feb. 24 1834 June 15 Mar. 6 1834 June 15 General Elee Co of Great Brit 10 X American dep receipts £1 77,100 _.* 19,600 General Empire Corp • 6,800 Gen Fireproofing com 21,900 Gen Laundry Mach com....* 16,400 General Leather Co coin —* 200 General Parts Corp com * Convertible pref 600 * 900 General Rayon A stock * 50 6% cum preferred A Gerrard (S A) Co com 900 Gilbert (A C) Co com Preferred 1,000 . ... . 10 17 25 16M 17 19 21% 16 X 18 % M 5% Sale 34 3 34 % Sale „ Sale 16% 7 X Sale Sale 24 * * 6% * 33 X 10 6 6 34% 32 58 56 200 450 280 510 . '"ioo 25 6 32 33 % 34 33 - — 22 16 20 V8 10 22 1634 34 18 % ""200 200 Sale 7 Sale 3 24 M, " m m. 5-16 65 X 5 25 27 — — 934 Feb. 10 35 60 20 11 July 20 1034 June 27 4 May 11 17 34 Feb. 19 13 July 20 1454 July 24 Sale 34 434 July 54 July 5-16 7-16 18 July 1734 July 5-16 July 634 July 1 July 13 15 Jan. Sale 3 July 20 454 May 11 15 34 Apr. 121 196 Sale 205 119"" '16"" "25" 2434 10 12K 96% 100 6% July July 3 9 13 7 3 10 7 17 1 7 July 954 July July 25 July 70 July July 18 121 July 15 210 .«• 12034 11954 July 195 July 1634 Sale 10 30 5 10 3 * July 30 ........ 6 9 Jan. Feb. Jan. 3% Sale IX 5 20 434 434 334 1 Sale 334 234 254 1 5 34 July 2 July 34 July 354 July 14 9 14 3 54 July 8 July 29 54 July 8 July 29 9 * 1834 5% 7 534 Sale 1834 July 30 1834 July 31 32 25 4 m mi - — * 13,400 Hazeltlne Corp.. 14,800 Helena Rubinstein com....* 2,300 Heyden Chemical Co 150 Heywood Wakefield com..100 7% 1st pref 25 .......100 Second pref erred....... 100 75 - 200 2,700 Hires (Chas E) class 14) 13 15% 2% 12 20 34 1 600 Holt (Henry) & *. 16 154 9 Sale 234 10 14 154 834 30 A com. 934 _ .—* Co partic A 20 600 Holophane Co common 300 a, 54 4 18 Jan. 14 15 Jan. 1834 July 30 1834 July 854 Mar. 25 Apr. 40 July 4254 June June 9 July 1 17 Sale 934 1734 2 34 12 32 1034 3034 July 9 July 29 1 3054 July 934 July 27 ~ 100 Hormel (Geo A) 8c Co com.. 5,850 200 400 3,900 470 Horn (A C) 2% 1034 Co com 50 7% 1st preferred 35 Horn & Hardart com 634 20 3554 2 3 2 6 12 6 37 43 3854 434 12 40 3854 July 29 4034 July July July 31 2 17 9 Jan. Jan. 100 100 Preferred 25 Convertible pref clA * 1,700 6,400 Huyler's Co of Del com..—* 7% preferred —100 1,050 * 32,200 Hydro-Elec Secur com * 52,900 Hygrade Food Prod com Imperial Chem Industries Ltd Amer dep rets ord shs reg £1 2,200 4,200 Imperial Tobacco of Can—5 9,925 Imp Tob of Gt Brit 8c Irel_.£l 425 India Tire & Rubber com—* 22,200 Indus Finance com v t c—10 300 ■ „ .... — - 2,600 3,900 "3", 100 1,100 2,200 7,600 1 1,550 63,300 100 800 2,600 3,900 24,800 ............ 1,000 m 100 70C 7% cum pref... .....100 Insull Utility Investment—* Amer...10 10 54,500 Insurance Securities Co * 9,500 Intercoast Trading Com * 49 Interlake Steamship 4,300 2,600 7,500 Internat Cigar 10 6% preferred 200 - 40C - — - 80C 40C Invest. Internat Products com..— 334 22% 3 T% 2934 71 4834 6% 6 Car Sale 7% Sale 76 52 Sale Sale 3 40 2334 454 334 54 Sale 454 1034 534 14 Sale 3134 Sale 71 52 6 50 234 154 78 54 Sale 53 354 234 17 3 4034 18 Sale 334 50 Sale 334 334 2 54 3 34 434 2734 6734 5234 634 38 2 Sale 75 Sale Sale 48 17 3 3 July 31 July July 334 July 31 934 July 2034 July 22 18 25 2434 July 434 July 22 21 954 July 2254 July Jan. Jan. 10 934 1054 14 5% July 7 July 29 70 July 24 5154 July 15 6 July 3334 July 7034 July 56 July 7 July 42 50 5 July 27 ,12 3 July 29 July 16 934 July 2 254 May 834 June Mar. 8 Jan. 5 May 4754 May July 7 234 July 16 3 10 2 26 15 12 July 28 11 July 17 com — ....... 27 5 734 Sale 30 7 25 Sale 10 234 July 20 6 2 July 2 2834 22434 July 8 534 July 14 15 2 July 2554 July 7 July 534 934 10 154 Sale 934 July 154 July 18 31 1034 July 154 July 2 34 2634 6 134 2434 934 1034 2 54 134 14 £2434 454 18 1134 754 28 54 Isotta Fraschlni Co 300 American dep receipts For footnotes see page 56. 4 1 23 8 20 954 June 17 10 15 3 * 10 1 June & 5 27 3 30 12 28 6954 June 45 June 534 May 5 Apr. 36 June 35 June 134 Apr. 154 June 4654 May 22 27 234 2 34 10 Jan. 10 May 9 May 1 1534 May 28 2 54 June 2 12 20 234 20 Apr. 29 July June July June 17 14 31 19 20 27 24 7 14 29 9 11 11 10 Jan. 20 Feb. 7 Feb. 28 3234 Mar. 23 3 Mar. 27 Jan. 27 2834 Jan. 22 434 Jan. 19 1034 Jan. 23 4334 Mar. 19 104 May 29 50 60 .-100 35,500 Interstate Equities com Conv preferred 24,400 8,600 Interstate Hosiery Mills— 400 Iron Fireman Mfg com vtc. 29,100 Irving Air Chute Warrants. 3,300 ~24% 55 234 Sale 334 4 Internat Safety Razor Sleep 5 40 cl B Eur Exp Trains Am dep rets ord br 200 175 International Textbook__100 6,800 • 70C Machinery_.* Internat Holding & Inter 6,00C warrants.* ?6 2d pref with Insur Co of North ' 13 }§* Houdaille Hershey Corp— 100 254 Jan. 2 May 5 Apr. 154 Jan. 60 Feb. 2334 Feb. 354 Feo. 12 3234 June 2554 Mar. 9 July 15 Jan. 2834 Jan. 103 353 27 26 Mar. 10 Jan. 8 16 1 80 Hart Schaffner & Marx...100 6,000 «. 13 Hartman Tobacco Co Sale 14 1 14 4 Jan. Feb. May 23 July 1 partic pref.. 1,200 49,800 Happiness Candy St cl A.. 100 Hart Carter Co conv pref—.* 5 54 May 12 154 May 19 % Jan. 3 5 Apr. 29 34 Jan. 30 60 Feb. 11 14 May 21 154 Jan. 9 June 5 12 Jan. 28 70 Feb. 28 2534 Jan. 10 2 2 Jan. 2 21 2 21 29 ... 1 22 22 July 154 July July July 2 40 28 Apr. 7 54 July 14 634 Mar. 26 2454 June 3 40 July 27 30 Feb. 26 25 14 Feb. 20 22 27 22 27 Jan. 4 July July July July 25 40 6 10 Jan. 9 18 9854 July 1954 July 7 Jan. 1634 Feb. 4 6 23 Fob. 23 354 June 20 Apr. 54 July 2 July 15 ...* Hall <C M) Lamp Co Jan. Jan. 4 17 9 1454 Mar. 17 8 954 July 1954 July Sale 5 3 5 3954 Mar. 12 97 1 22 26 2254 Feb. Apr. 1 22 9834 July 1954 July 27 Feb. 54 Jan. 1234 Mar. 23 Feb. 25 30 2334 Jan. 23 11 16734 Jan. 6 * — 4 6 June June June July 31 31 9834 July 1954 July 9834 100 5 Law inc com 2,900 'a. 21 June Feb. 2954 Mar. 24 4 7334 Feb. 12254 May 15 260 Apr. 1 2754 Fob. 16 19 56 117 7 10 9 Am dep rets — •— Feb. 17 1134 Mar. 25 154 Feb. 26 654 June 754 June 3 July 8 19 29 9834 Sale 2 8 10 15 11 Stores Ine-r- Common 100 Hamilton Woolen Co 1,500 Hammond Clock com 100 - 19 22 7 June 8 June 17 15 July 20 29 20 7 nl954 July 20 54 July 3 3 1034 July 934 July 3 July 22 25 2134 600 Hambleton Corp $3 pref....* 2,900 - 8 Apr. 23 11 Handley-Page Ltd M Jan. 9 Jan. 454 June 3 54 Jan. 12 7 28 10 554 Jan. 1054 July 20 Mar. 12 Feb. 3 23 29 July 7 85 Mar. 11 7 34 Apr. 2 24 10 66 Sale Sale 6 3,300 - 100 June 16 Mar. 102 3434 July 8 July 7 Mar. 10 36 3134 Feb. 3 10 July 534 54 Sale 170 9 500 Hachmeister-Lind Co 100 Feb. 27 454 June 25 5)4 Jan. 20 June 1 Feb. 13 18 734 July 33 200 Habirshaw Cable & Wire.. ""560 27 8454 Mar. 4 34 Feb. 6 May 32 Apr. 2234 Feb. 3454 Sale „ 3 118 600 Greif (L) 8c Bros Inc com..,* 7% preferred 100 275 3,600 June 1234 Mar. 23 100 Ground Gripper Shoe com..* 2,400 Guardian Fire Assurance..18 * 3,150 Guardian Investors com Guenther (Rudolph) Russell - Sale Sale 5% % 17 X $7 preferred with warrants* 50 200 Griffith (D W) Inc class A..* 37,000 Grocery Stores Prod v tc._* 8,100 m .» >X4. 5% Sale % 400 Greenfield Tap & Die com..* 1,300 Feb. 54 Jan. 3 634 June 20 554 Feb. 27 Inc Grier (S M) 200 9 15 100 Greif Bros Cooperage class A. 400 Grey hound (The) Corp com.* 100 2 77 13 * 19,600 Graymur Corp * 4,075 Gray Tel Pay Station com 2,650 Gt Atl & Pac Tea 1st pref.100 Non-voting common stock ♦ 6,710 * 1,000 Gr Lakes Dredge It Dock 10 200 Great Lakes Engineering 2,500 Great Northern Paper Co..25 1,300 31 5 8 40 734 Certificates of deposit..... 700 _* 800 Grand Rapids Varnish 200 654 July 100 4 5 8 40 4 10 Sale 6% 8% Sale 80 $3 cum pref with warr * 1,150 * 1,310 Gorham Mfg Co com v t c 7,700 Gotham Knitbac Mach.....* Gramaphone Columbia 100 Graphophone new co w 1 ramophone Co Ltd £1 Am dep rets for ord reg 30,800 400 Mar. Jan. 554 June 1 934 July 16 18 25 554 Jan. 20 3034 Mar. 11 25 5,400 Golden State Milk Prod 932,200 Goldman-Sachs Trading— * 106,950 Gold Seal Electric Co Gorham 1154 Feb. 19 May 27 34 July 30 3 July 27 1134 Mar. 10 * 250 Goldblatt Bros Inc com.. 600 Golden State Co Ltd Jan. 5 5 Class B 200 mmmm*-- 34 July 30 534 July 1 34 July 30 3 July 27 10 300 Godchaux Sugars class A—* 1,500 14 20 2 * 23,300 Gleaner Comb Harvester ..* 45,500 Glen .ilden Coal Co 41,600 Globe Underwriters Exch. 110 854 May 28 7 3 * 100 Gladding McBean & Co 200 10 54 July 17 July 13 8 934 July 1634 July 20 5 10 3 71 General Silk 1st pref. _i..100 200 General Stockyards com * Gen Theatres Equip Inc $3 cum couv pref * 418,700 110 Gen Tire & Rubber Co com 25 8,600 9% 14M Sale 14 24 2 15 1 Apr. 27 Jan. 2 June 2 18 4 Mar. 11 Jan. 28 5054 Feb. 9 30 Feb. 27 634 Apr. 8 454 Apr. 24 Mar. 13 10 2254 July 11 11 57 7 9 Jan. Jan. 31 Feb. 20 4934 Feb. 16 Mar. 21 6334 Mar. 26 934 Feb. 26 854 Feb. 20 85 56 Jan. 14 7 July 3 354 Feb. 434 Mar. 31 4654 May 20 50 1354 Feb. 4 July Apr. 17 11 18 15 434 Feb. 24 Mar. 17 Jan. 31 1554 Mar. 31 11 May 12 154 Mar. 25 _ 35 7 S AT A.v A NEW AGGREGATE EXCHANGE SALES. Since July Jan. 1. Shares. Shares. 200 Johnson Publishing com..10 2.200 Jonas&Naumburg Corp com * $3 Convertible pref_. * 300 Kellogg Switchb & Supply. 10 200 Ktrsch Co pref * 2,100 Klein (DEmil) Co common. 3,300 Klein (Henry) pref 30 2,900 Kleinert (J B) Rubber com..* 2,200 Knott Corp common * 300 Kobocker Stores com.......* Kolater 72,700 Brandea July 1. Ask. Bid. Bid. 12% Lowest. Highest. Sale Prices. Sale Prices July 31. Ask. Bid. Ask 6 * com 3,100 loo SINCE Lowest. Sale 10% 13% Feb. 16 23% Jan. 8 7 May 12 4"" ""§"" 23 8* gj X/. 4% 1 7X X 4H 12% 13 X 12% 1 7% 3 12% 10 '13 % 16" "6 7% 11 5 12 % 9 1 1X 5% 13X 12% July 24 ~5% "7" "5% July" 10% 7 Jan. 9 % Feb. 25 4 7 12 % July "6% July 24 "~3 16 12 June 23 6% Mar. 23 16% May 11 12% Feb. 24 2 May 13 5 May 14 9% Apr. 24 10% June 25 pref 1,100 Kress (S H) & Co """loo % Sale 19,950 spec 300 Langendorf United 100 1H Sale Class B__ 600 1 July 2 1% July 31 X Jan. 1,100 6,500; 17 Lefcouri 24,500 37 Sale Ley (Freo 1% 3 2X • _.* * com Land & Expl com.* 2. 10 29 1X July X July 13 14 1% July 23 % July 3 15 100 8 % 10 21 % Sale 25% Sale 26 V 30 Sale 10 7% m 22 20 22% Sale Stores Inc 200 Magnin (I) & Co * com 100 1% 1% 8% 8% 2% 5 9 7% Sale 20 20% 22 25 28 18 22 65( 75 68 10 21 5 10 10 X 1 IX 107 Sale 9 Sale July 7% July 20 July 22 July 20% July 9 100 7 8% 22 31 23 14 25 22 July July July July July 9 2 6 3 28 73 X 10 X 21 10 10 % 10 Sale 12 * July July | 12 ....... 30 "2% "4" Sale 1% 2X 9% 10% Sale 3% IX 10 July 10% July 12 6 16 X % 2 37 17,500 500 9 July July 30 July 30 36% 3% 5% * 5 May Hosiery Mills, Inc— $4 pref with warrants 31,900 May Radio & Television 1,500 McCord Radiator Ac Mfgr:: 106,900 50 Mead Johnson 8c Co • 40 42 2% 32 X * 16 21 19 X "8" 10" * 2% 37 2% Sale 30 32 22 X 19% Sale Sale n-18% Sale 15X 6 10 Sale 77 com 88 X Sale 100 Melville Shoe 1st pref 100 Mercantile Discount Corp 200 Class A conv 4,000 Mercantile 7 6 1 11 July 31 2% 19 July 30 July 23 July 10 July 16 3% July 2 July 16 Stores Co .100 com 1,000 2,700 600 Preferred class A 40 45 14 100 790 Metal Textile Corp par pref.* 6,500 Metropolitan Chain Stores..* 300 Met 5-50c Stores class A__ 600 Common class B 400 8% preferred 19% 15% 6% July 31 July 2 July 22 84 73 90 92 91 July 15 July 2 2% 34 July 3 July 17 July 7 18% July 29 7 July 22 20 90% July 96 July 3 9 23% 25X 23 16 20 16 25% 18% 15% 5X Sale 6 July 23 6% July 23 % 100 200 24 28 X Sale "2" Sale" * X 2% 26 29 X 1 34 X IX Sale IX X X 2X % X X 2X 100 300 Mickelberry's Food Prod 9,800 Midland Royalty $2 pref 17,000 2nd pref 5,600 Midland United Co 700 Sale 27 1% 1% Sale % Sale c , 16 34% 1% July 16 July 10 July 9 July 1 July 31 July 31 % July 31 11 July 25 11% July 25 July 2 July 15 17% 19% July 21 July 8 % 26% % 34 % 1% y8 ♦ com Conv pref series A % July July July July July 16 29 22 1 29 "60"" "62" 14% Sale * IMontecatinl Min Ac Agrlc— Amer dep receipts... 16,1001 70 15% 18% 15 38 19 39% 18% 39% 60 59 9 60 13 50 10 12 85 Sale 4% 400; Monroe Chemical Co com...* 500 15% 13% 17 18% warr l.SOOjMock Judson Voehringer j 13 38 Warrants 10 X 10 8% 7% 3 9 X ....- 100 7% preferred class B 400 Moore Drop Forgings cl A 100 Morris Plan Co of N Y 5% 7% July 27i July 10 July 1 10 85 25 July 28 July 21 6% 8 July 20 July 25 12% 30 23% 35 22% July 21 99% July 24 35 18 50 20 200 Motor Finance Corp 2,500 Municipal Service Corp 800 Murphy (G C) Co 2,800 200 Nationai Baking 175 Preferred 3,000 • com 1,800 Nachman-Sprlngfilled Corp.* 44,300 National American Co 49,900 National Aviation Corp.. ,* com.... Sale 2% Sale Sale 7 Sale 2 Sale 28 Sale « Preferred Nat 44,700 700 ""loo 100 9.S00 10 31 8% Jan. % June 9% Jan. Mar. 4% June 1 14% Feb. 5 2% July 30 18 July 30 18% Feb. 21 2 May 18 1% Feb. 6 32% Jan. 6 1% Jan. 12 19% June 10 4% June 24 Jan. 2 June 2 25 June 2 16 Apr. May July June Mar. Mar. July June n 8% 6% 8% 38% 28% 73 85% 20 Jan. 16 June 5 24 100 4,000 3,300 6,340 4,500 200 1,200 800 Preferred 5Yi% preferred National ... Leather 34% 30% 32% 17 19 17 19 July July 1 3 30 July 15 34 July 7 4 Jan. 9 30 Jan. 2 19% Feb. 17 3% Jan. 26 1% Feb. 6 41 Apr. 13 6% Apr. 21 Apr. 21 31 9 Jan. 3 2% Apr. 10 5 Apr. 16 50 Mar. 20 Jan. June 22 29 Mar. 23 113 Mar. 17 Apr. July 19% Mar. Jan. Mar. 2 7 17 June 2 1 15 9 40 30 June 13 2% Feb. 14% Jan. Feb. 80 1% Mar. 36% Apr. 2% Apr. 37 Apr. 4% Feb. 1% Feb. % May 1 % Apr. 11% Apr. 17% Feb. 4 9 4 22 7 6 14 2 27 6 14 9 25 13 8 2 2 19 Jan. 28 18 17% Jan. 2 23 June 18 42 Mar. 10 Feb. 11 Feb. 6 68 Mar. 17 7 3 June 11 82 Feb. 17 8% Mar. 4 5 May 15 4 Apr. 30 4 Feb. 10 Jan. 99 23 16 Apr. 7 % Feb. 9 32 Mar. 9 18% Mar. 4 104% Mar. 4 110 May 29 25% Apr. 24 40 M.ay 14 21% Jan. 15 12% June 16 6 41 June Feb. 2 Jan. 29 10% Mar. 4% Jan. 2 Mar. 24 Jan. 5 13 4 13 12 24 103% Apr. 17 June Mar. Mar. 2] May 4% Jan". 15% Jan. Apr. 8% Mar. 10% Feb. 10% Mar. 5 Apr. 91 11 X Jan. July 2 % 3% page 56. 30 * * 12 15 com com 17 12 Sale 106 3% X Sale 4 Sale 12 3 10 2 3% 4% Sale X 5% 4% 1 % Sale 10 Sale 1 106 1% July 31 106 4% July 31 July 31 July 3 7 3 1 L Sale % July 9% July 4% July 9 11 15 1 July * 10 2 6 2 Mar. 21 Mar. 24 1 50 Feb. 27 2 3% 39% 20% 1% Jan. Mar. Apr. June May 21 21 15 5 19 26% June 3 20% Apr. 15 1 June 5 3 May 9 12% 105% 1% 6% June 3* % 6 5 19 Sale 6 25% 15 % Sale 5% 3% 20 6 3% 23 1% Sale 21% Sale 5 3 18% 1 5% 3% 21 1% Sale 20% Sale June July Apr. May Jan. 3% June 5% Mar. 45 * * 7 9% July 11 5 July 17 100 10 148.800 Nat Short Term Sec A see 13 * Nat Manufacture & Stores._* Nat Rubber Mach 14,800 National Service Cos For footnotes 2% 7% 11% Feb. 25 14% Feb. 5 23 June 43% June 33 3 35 National Screen Service..__* 250 Nat Secur Investment com__l 50 5,300 13,700 1 July 30 21 2 9% June 14 5 Feb. 24 1% June 4 % Apr. 21 % Apr. 21 8 Jan. 96 5 3 Feb. 5 2 120 8 June Jan. 33 9 20% Feb. 20 18% July 29 July 23 2 Apr. 2 % 10 Natl Family Stores common.* 3,400 National Food Prod cl B Class A with warrants 2,300 109,100 National Investors com New Common 5,500 100 July 26 6 ContalnerCorp— 1,400 $2 convertible pref.......* 3,500 Nat Dairy Prod pref A 100 200 13,700 .... 6 43% 100 National Candy Co com....* 200 Nat Cash Credit Assn com..* 3,600 2% 4 2 ...100 1,400 Natl Bancservlce Corp..... 35,000 Nat'l Bond & Share Corp * 2% 2% 6% Sale 26 July 6 4 4% 2 23 12 40 Am shs 5 27 Feb. May 15% May May 18 Apr. 12% June 3% May 35% June 50 18 9 6 Jan. 110 * 19 2 17 25 10 2 100 100 22 Feb. X 99 Invest Service pref.* 400 Moore Corp Ltd com.... * 55 " 7% preferred class A....100 1,300 Mtge Bank of Colom July 10 1H May July 54% June 10 82 5 _90 Montgomery Ward A stock._ 1,5001 Moody's 2,400 25 5 Apr. 51% Feb. July 12% Mar. 25% Mar. 27% Feb. 36% Mar. r81% Apr. 32% Jan. 14% Mar. Jan. 37 * 5,300'Miss River Fuel Corp 200 11% 14 17% Sale * lOO MInn Mining & Mfg T,300 5 Feb. Mar. 16 1 1 * 8,900 Mldvale Co _• 3,150.Miller (I) & Sons com 3,000 Minneap-Honeywell Reg pref 100 180 Jan. 14 100 Midland Steel Product—• 4,800 1,100 11 12 1 75 ; 400 6 % Feb. 20 2% Mar. 18 13,100 Mesabi Iron 36,500 Mesta Machine Co common.5 33,100 Metal & Mining Shares com_* ""166 10 19% Mar. * A 6,000 Merritt Chapman A: Scott.. 200 32 July 25 July 30 * pref..... 700 Merch & Mfrs Sec 2 77 200 Mercurbank Vienna Am shs "100 Mar. 60% Feb. 10 July % Sale 200 McGraw Electric Co ._.* 100 McKee (A G) & Co class B * 700 McWilliams Dredging Co * 5,600 7 16% May 7 Apr. 13 3% Jan. 13 14 8% Fob. 21 6% June 19% Apr. 19% June 20 May 76 May 10 July 102 3 Sale 3 Apr. June 11 2 3 2 5 16 1% July 1 108 July 900 Massey-Harris Co Ltd com..* 800 Feb. 16 Jan. 8 Apr. 14 Jan. 10 Mar. 3 Jan. 27 3% Jan. July May 44 12 10 118,200 Mavis Bottling Co of Am Class A common.. 32,000 12,940 Mayflower Associates Inc 200 Jan. June Jan. 100 31 2% 18 10 5 6,600 Mapes Cons Mfg Co * 4,400 Marion Steam Shovel com..* 1,300 Maryland Casualty 4,700 4,100 Jan. June 7 4% 1% X July July 31 % IX x July 104% 110 107 July 11 6 9 * com 500 Manning Bowman 8c Co cl A.* 100 Class B • 100 IX 15 '24'" "40" I*) & Co Inc 1,200 Mangel Stores Corp com....* 1,525 6%% pref with com pur w.* 500 Manhattan Dearborn Corp.* 900 6 "21 59 * Libby McNeil 8c Libby 10 Liberty Baking Corp com._ Liberty Dairy Products... 68,900 MacMarr Prices. 13% 23% 10% 23% 1 % 8% 102% Apr. 11 8 10% Apr. 6 Apr. 21 Jan. 6 37 8% Jan. 27 Bakeries 360 Ludlow Mfg Associates 225 35X 25 Realty com 68,200 Louisiana . 33 X Sale 7 100 Loblaw Groceterias class B 600 Loew's Boston Theatres ..25 """266 10% July 33% July 10% July 32% <»%% Pref with warrants.. 4,400 18,400 1,000 5,700 30 6 '30% July""8 Feb. 4% Mar. 34% • ... Preferred 7,700 43,000 Lehigh Coal A Nav 4,050 Lerner Stores Corp 100 "7", 500 10 98 ! awrence Port Cement 350 3166 101 Sale 100 100 Lazarus (F & R) 6 % % pref 100 100 2,000 • 800 Land Co of Florida 210 Landers Frary & Clark 250 96 * com Lackawanna Secur., 600 Lake Superior Corp * 1,200 Deposit receipts.... 3.700 Lakev Foundry & Mach-.^.* 400 500 200 100 pf__10 cum 300 Kruskal & Kruskal "i",666 Sale Ltd— American shares... 6% I. Highest. Prices Koppers Gas &. Coke Co— 975 JAN. 2 1931. 8,700 •ohnson Motor Co RANGE Price Jan. INDUS. 8c MISC. (Con.) Par 200 Jaeger Machine Co com * 300 Jefferson Elec. Co......... * 100 43 PRICES IN JULY. NEW YORK CURB EXCHANGE In 17,300 CURB YOEK Feb. June Jan. % July July 3 July 19 July 4% July 1% July 14 % July 27 15 27 13 8 5% July 3% July 21 % July 4% July 1% July July 19 July 4% May 1% June July 31 21 % Juiv 1 5 l4 5 20 5* 3 Tan 17 Mar. 12 109% May 12 ,S* 2 Jan. 26 Jan. 28 Mar. 27 10% Mar. 19 7% Feb. 27 6% Mar. 11 50 Jan. 20 1 Feb. 4 7 7% Feb. 5% Feb. 26 24 Feb. 5 Feb. 21 10 3% Mar. 25 22 June 27 AGQREQATB ' Jan. INDUS 8c MISC. (Con.) Shares. 200 National Standard Co Bid. Pat 1,800 Nat Steel zhn'Mii 100 Nat Trade Journal lnc • 4,500 1,200 Preferred 800 50 1st 1,000 200 Sale ~1% "4k" Bros 32}$ 43$ 31% 4% 11 ?$ 11 "2k "2% "2k "3" 8 323$ July 2 % Sale 11 15 8 12 193$ 15$ 20 2 15 23 24 H 25 8 1 5 23$ 30 2 Auction class A com.. - Sale 4 July 9 % July 21 *26}$ July July 15 25 11 21 July 15$ July 3}$ July 3 9 17 4k 4 13$ 13$ 1 3$ July 3 4 "3 Sale 2% Sale 3 243$ 943$ 97 Vs 945$ "7% "9 15 July 2% July 4 29 r263$ July 23 July 253$ 97 Vs 15 17 123$ IS7/8 60 21 10 22 9 68 2 26 3$ 10 293$ 21 25 16 25 11 10 12 10 12 21 July 24 8% July 20 18 100 1,300 Sale 19}$ 200 9,500 (Cosach) Ctfs for ord b % July July July 6% July 10 July 126 July 43% July 34 Ys July 29 2}$ July 30 1% shs Noma Elec Corp com * Nordon Corp Ltd com 5 a W 53$ 5 Sale % Nor Amer Aviation Inc— 191,900 I,500 4,100 9,300 2,200 1,725 17,400 1,100 10,200 100 300 400 100 50 1,200 150 % Sale Option warrants series A.. North American Cement North & South Amer Corp A* 10 13 3$ 9% 12 X Northwest Engineering % 1 "40" "40k 39}$ 32^ 63$ 7}$ 44% Sale Sale 35 39 30 6 5* 11 9 13 lk 100 Novadel Ageue com. 43% Sale * Ohio Brass class B 110 30 26 Northam Warren Corp pref.* Northwestern Yeast Co Sale 1 • 1}$ 1 18 21 35 65$ 27 10 13 22 133 453$ 31 27 363$ July July Class A without warr * 35$ Class B without warr • 4 % 25 Old Colony RR 100 1,600 Oliver Farm Equip new com.* 20,700 Outboard Motors cl B com..* Class A conv pref._....._* 11,325 1,000 500 14,500 Overseas Securities Co Sale 7 2}$ Sale 4}$ 4% 2 % Sale 2 2% * 1,000 Ovlngton Bros partlc pref..* 300 Pacific Finance Corp com..10 Parke, 700 100 Conv 200 partic 100 100 pref..... Class B 3,100 489,800 Pennroad Corp 150 .* * 4,100 117", 200 200 12,800 5,700 3% Sale 3?$ 19 5$ 10 4 • 65$ Sale com v 24% 17 Sale 6 7Vs Sale 75 6 50 8 6 Sale 6 2 20 27 7 115 June 7 36 June 295* 3 5$ Sale 10 9 1 13$ 1% Sale 2% 14 15 14 16 13 16 30 16 30 1% Sale 36 Vs 20 4% 3 20 5V% July 6% July July 67 Ys July 16 Jan. 4 Jan. 4% 3}$ 11}$ Sale 6% Sale 1 % July 1% Sale 24 25% 10 10 1% July 24 July 1?$ July 26% July 8% July 15 5}$ 5Vs 5% July 15 11 7 June 2 14 5 2 30% Apr. 14 5 Feb. 2 12 Feb. 3 May 22 July 15 Jan. 30 July 9 Mar. Mar. 26 Mar. V7/4 193$ 5Vs 4Vs 13$ 60}$ 303$ 12}$ 7 1093$ 13 283$ 2 30 10 10 2 5 80 2% 4 May Jan. June June May Feb. June 13 Apr. 25 Feb. 24 % July 25 88 May 22 3$ Jan. 12 300 , 100 10 2,400 400 * 4,200 Pittsburgh Forgings 50 5,900 Pitts & Lake Erie RR 6,150 Pittsburgh Plate Glass com 25 10 Plymouth Cordage Co..100 * 54,700 Polymet Mfg Corp com • 2,300 Potrero Sugar common 900 Sale 7}$ 9 100}$ 101}$ 7 8 7 8 7 3 88 92 80 85 63 1H 3 3 7Vs 36% 40 2% 3 3% Sale 31% 41 Sale 34 2 3% 31Ys 85% July 15, 35 July 30 80 July July z66 70 July 2% 2% July 3 6% July 32 Ys July 50 34 40 July Participating conv stock._* Propper 2,400 1,100 McCailum Mill" Co 25 35% 3% 3Vs 5% Apr. 27 34% Mar. 15 Feb. 4 Apr. Mar. 23$ July June 15 24 Apr. 24% Apr. 13 Jan. 21 410 Prudence Co 7% pref 100 133,200 Prudential Investors com...* 100 $6 preferred 6,090 102,200 Pub Util Holding with 12", ioo 4,100 20,200 1,200 * Cumulative Sale 2% July preferred 75 60 65 65 11% 12 11 Sale 11 88 92 86 28 * Sale Warrants 10 5,600 Pyrene Mfg 70 4% 6% 7 % 6% Sale 26% 39% 63$ 233$ 22% 10 Mar. 24 Sale Sale OVs 9-16 5 Sale Sale 5% 86 3% 23% 3$ 5}$ July 19 July July 15 July 30 200 ;..* 4,500 Radio Products com 12,400 Railroad Shares Corp com..* 4,500 Ry & Utility Inv Corp cl A.10 21,600 Rainbow Luminous Prod A_* Common class B * 23,100 Raymond Concrete Pile """500 """700 2,000 S3 600 cum conv 300 100 1 Reliable Stores 26,300 100 10,600 2% Sale 1% 2}$ 1% 3 IVs 8 3% 1% 3 Vs }$ 1% % Sale 8 3% 1 % Sale 1 9}$ 21Vs 5% 27 5% 24 4% Sale 5 * Reliance Internatcom A Class B 10}$ * 25$ Sale * Sale 4 Sale ... 28,850 Reliance Management "4% Sale' 4% Sale Jan. 5 Feb. 4 May 28 July July 883$ July 73 12 7 7 17 43$ July 1 July 21 % July 7 6% July 8 30 11 120 li 14 3}$ July 3 July 25 %, July 22 13$ July 8 % July 1 July 31 July 27 1 July 9 3% July 15 % July 9 43$ July 1 24 31 13 12 24 ,) July 31 5% July 3 1 July 9 4 July 1 % July 9 45$ July 23 Republic Gas Co— * 10 * 2}$ Sale 5$ Sale 11% Sale 1% 2 % Sale 1% IVs 8% July 1% July 56 July Richmond Radiator 100 •• •» .» «. - - 1,000 Common.. 1.900 7% preferred For footnotes see page 56. ...........* * 1 1 Ys 2% 2% 13$ July 1$ July 2 July % July 3 14 1 & 13$ July 13 Jan. 31 2 7 May Jan. 182 65 May 8% June May 9\% Feb. 14 Mar. 21 80 91 Apr. 15 Feb. 363$ Feb. 10 3 9 Jan. 26 Jan. J 33$ June 233$ July 3$ May 53$ July Jan. 5% May May 5 July 1 July 2% Jan. 3$ May 23 14 20 30 27 9 2 21 Jan. 2 7 Jan. 26 13 2 1J$ July 13 3$ July 16 523$ June 2 3$ Mar. 30 1 2V> May Feb. 24 9 21 165 Feb. 120 Mar. 21 6 Mar. 27 2Vs Jan. 19 43$ Mar. 2 53$ Mar. 16 3 63$ Jan. Jan. 7% Mar. 25 130% Apr. 115}$ Mar. Vs May 1 May 23$ June 23$ May 1 May 3$ July 5$ Jan. 5 100 Repettl Inc Formerly Saxet Co 285,900 72,500 Reybam Co., Inc... 75,200 Reynolds Investing com 1,025 Richman Bros Co 23$ July 4 200 Reliance Mfg (111) 29,400 6,400 7,300 14 6}$ Mar. 17 25 3 33$ July 14 16 28 2 16 40 * 14 6 Jan. July t c com.. 100 Reliance Bronze & Steel 600 4,600 com v 600 Reeves (Daniel) com 2,200 3 Sale Apr. Apr. 25 4 pref 4,200 Raytheon Mfg, 100 3 }$ 4 32% July 8 40% Apr. 27 11 14 July 13$ July 2 9 Feb. 1 July July 120 6% preferred.. ....100 6,600 0 R S De Vry Corp com 260 7 Mar. June 130 Quaker Oats com """ioo July 33 29 July 24 July 15 July 30 11 24 7 6 3% 1 5 17 8 Sale * June Feb. June 30 xl3% Apr. 80 Apr. July 30 109 293$ June 3 42% Jan. z66 July July 14 z68 181 95 '8H Sale warr Without warrants 158,700 18,800 343,555 5 6 21 Mar. 26 2 _ 9 24 32% July 40 July 1 100 Prosperity Co common B— 100 20 Prov & Worcester RR.. 5,300 1,300 6 Mar. 25 15$ Jan. 6 23$ May 29 243$ Feb. 19 7 Sale * 13 14 Hosiery com 0 Feb. Jan. Jan. Jan. 5 10 Feb. 79 100 33$ June 24 33$ Jan. 7 16 May 7 11 z68 July 3 3$ July 3 % July Prentice Hall Inc 100 Feb. 7 35 * 2,700 Powdrell & Alexander 3,900 Pratt & Lambert.... 200 6 Mar. 10 27 July Mar. 24 ... 3",200 16 24 22 173$ Jan. 23$ Apr. 1% June 223$ June 6% July 13 Feb. 6 Feb. 81 23 10 7 12 33$ Jan. Jan. " 21 29 6 10 ~ 7 Jan. 5 3$ Jan. 2 26 2% July 21 15 July 20 27 4% Mar. May 9 20 10 Mar. 10 5 140 June 8 1% July 14% July 4% Sale 3 27 113$ Feb. 20 5 2 18% Mar. 2 150 Apr. 15 2 51% Feb. 24 1 8 30 20 Feb. 40 2 25 % July 25 1% Sale 2% Mar. 21 Apr. 27 2 18 13$ May 4% July 100 92 10}$ 26 2}$ Vs 1% 100 1% 4 July July 25 9 1% July 16 65$ Mar. 17 % Mar. 2 June 1 140 15 88 ""% 12% July 97^ July 14 Feb. 24 34}$ June 22 70 105 June 26 106% Mar. 19 15 July 27 Jan. 223$ Jan. 1 Jau. 26 June 5 56 66 5 % Jan. July June July July 9 7% June 6 11% Mar. 10 7 4% July 9 July 26 July 10 July 853$ July 25 July 20 July 5% July 5% July 10 Jan. 13 27 25 23 20 Apr. May May June 10 26% July 4k July 24% July 3 July 22 4% Feb. 70 9 23$ May 1% July 4% July 13 Ys Jam Feb. 3 293$ Mar. 16 113$ Apr. 14 13 75 51 24% Apr. 18 July 24 8% July 20 July July 2}$ July 30 9 Sale Jan. July 2 3% 70 1 11}$ 10 95% 326,500 Pilot Radio & Tube class A.* 5 II,400 Pines Wintcrfront 73,200 Pitney Bowes Postage Meter* 6,100 IVs 5 10 1,240 Pepperell Mfg Co. ....100 * 1,100 Perfect Circle Co 225 Perfection Stove Co.. 25 * 57,700 Ferryman Electric Co.... 70 Pet Milk 7% pref........100 197,700 Philip Mor's Cons Inc com..* Class A.. 25 5,800 200 Philippe (Louis) cl A com...* Class B common * 7,000 92,000 Phoenix Securities Corp....* Conv preferred A—..__...* 30,200 23,600 Pie Bakeries of America A-.* * 2,700 Pierce Governor Co 480 1}$ 4}$ Sale 6 t c_...* 800 Pennsylvania Salt Mfg 50 300 Penn Traffic Co... .......2}$ 28,400 2Vs 25$ * 4 }$ 10}$ * 95,950 Parker Rust-Proof com 2,325 Patterson Sargent Co com..* 2,650 Pender (D) Groc Co cl A....* 3,700 5% 2}$ 2 Jan. 29 8c Lipscomb— Austin 13,000 Parke Davis & Co 200 Parker Pen com 1,600 2% 4% 26 42,500 Pan American Airways 32,200 Paramount Cab Mfg com 3,100 7,800 2 2Vs 3 18 Ollstocks Ltd— 22,900 1,700 200 July 21 26% Mar. 11 99 May 23 z 26% % July 8 43$ June 24 Ys July 28 100 6% preferred 10 2% Feb. Jan. 21 July July 17 4 O July 22 Jan. 9 26 23$ 5% Ys 12% Sale Nitrate Corp of Chile 4,000 19,400 74,700 4,000 2 Jan. Mar. 18 15$ July 16 1 5 July % July 21 13% Jan. Feb. 9 Vs July 4% July Vs July 13}$ IY 74 Mar. 85$ July 20 Sale 4% 5 3-16 Sale Sale 15 6% Sale 19 2% Feb. 28 2% Mar. 17 17 22 63$ July 10 7 75$ July 8 3$ July 1 15 July 5% 0% 7 7}$ 24 Jan. 1 24% Apr, 4 July 1 Ys July 6 July 6% July Vs July 12% July Sale 6 Sale 27 1 23 7 July Jau. 53$ Feb. 80 93 5 2? 3( 3% July 22 July N Y Shipbuilding Co 19,000 (Formerly Am Br BovEl) 81,300 Niagara Share Corp (Md)_.10 1,000 ♦ Stock purchase warrants 28,900 Niles-Bement-Pond com 600 5,000 17 May 2% Apr. x26% July 23 July ,75H 2 100 6J$ % preferred 5,100 New York Hamburg Corp._S0 1,950 N Y Merchandise Co 100 Feb. 343$ Mar. 11 5Vs Apr. 28 June 55 N Y & Foreign Investing— 700 24 13 21 July Apr. July 66 10 8 27 1 Feb. May May May 8 July 1 July 10 July 22 July July July 8% Prices. 31% Mar. 16 42 Jan. 9 • com.... 25,900 New Mexico 8c Ariz Land 100 U Highest. May 26 4% May 26 1 Jan. 27 1% Jan. 2 8 July Jan. 1* 55 * N V 5 27 4% 68 New Haven Clock Co com 2,600 13 15 % % ' M M 12 .... 100 2% July July 6 Sale 350 Preferred ldO 200 New Engl Equity Corp com. 4,400 15 13 31 ♦ 5 * Nestle Le Mur Co cl A 4,600 July July 6 100 7% pref 6,728 Newberry (J J) Co 500 8 33 6% 5 8% 33 8 25 New Amsterdam Casualty. 10 25 1,900 JAN. Sale Prices. * * com..... 2,700 Nelson (Herman) Corp... 3,700 Neptune Meter class A_. "loo 15$ ... preferred 4,045 Neisner Sale 31% Mar. 16 25 Apr. 29 "% "l% com.* 700 Nebel (Oscar! Inc com.. 200 Neet Inc conv class A 500 Sale" * Natiheim Pharmacies Inc...* 5,600 Nehi Corp 600 28% * National Union Radio Lowest. Highest. Sale Prices. Prices. 24 20 6 Corp warrants National Sugar Refg 400 National Tile Co common 48,800 3,300 Sale Ask. Ask. Bid. Bid. Lowest. July 31. July 1. Ask. * 450 National Steel Car Ltd 2,437 21,700 300 2 1931. Jan. 1. Shares. SINCE Price CURB EXCHANGE Since In RANGE PRICES IN JULY. SALES. NEW YORK July EXCHANGE CURB YORK NEW 44 4 Jan. 3 2 Jan. 3 Apr. 2 14Vs Mar. 21 27 Apr. 20 9% Jan. 10 1 July 9 6 Fob. 26 42 1% 7% 73$ 5$ Feb. 10 Feb. 9 Jan. 26 Jan. 13 13}$ Apr. 13 5 Feb. 24 1% Jan. 27 73% Mar. 18 13$ July 13 Jan. 29 5 NEW AGGREGATE July Jan. 1. Shares. Shares. 700 mi. «. 6,800 88.000 Ros8ia Internat Corp 7,800 Royal Typewriter common 400 1,600 9,400 Ruberold Co........ Rubber 100 M M - , 50 14,200 - Am Plantation Bid. July 31. Ask 22 27 Bid. Lowest. Ask. 21 24 Sale Prices. 20 A July 7 3 A July Sale 1A 3% Sale 3 A 27 Sale 37 Sale 1% 40" "56" 2 Sale 1A 2A 1A A 2 2 A July 30 24 35 A Sale July 35 A July dep rets for ord reg..£l 3 Russeks Fifth Ave lnc • 200 Russell Mfg 100 1,200 Ryerson (Jos T) & Son Inc. 5 8 7 25 35 19 20 54 '59 1,300 10 7% preferred 100 Saxet Co (The) (Name chan 3,100 Schlff Co com • 1,600 Schletter & Zand com ▼ t c__* Cum conv pref.. 1,800 * ... 89 80 14 A Sale ged to Repu 20 15 3A 18 % Lowest. Sale Prices. 2434 July 4 - 12,700 Schulte Real Estate Co • 55,400 Schulte-United 5c& $l Sts._* 7,200 7% cony pref 100 •. 4,200 600 100 200 Scotten Dillon Co 300 Scoville Mfg Co 1,700 22,250 13,300 21,300 298,000 11,200 2,900 237,400 28,300 16,852 41,000 700 35,400 1,100 „ 9,400 5,100 1,800 Seaboard 23 8 S 19 % 18 A 23 41 3 10% 4% 3% 5% June 17 Jan. 21 Mar. 3 Feb. 24 1 22 June 38 27 34 Jan. 42 Jan. 27 Mar. 17 4 Apr. 23 7 June 22 3 34 July 27 July 38 July 50 50 July 24 50 July 24 12 A July 15 14 July 14 17 A July 20 19 July 13 10 10 * 17 • 33 A * 290 Sale 4A Sale 2 Sale Allot certlfs full paid ... Allot ctfs full paid stpd 45 Sale $5 M prior stock 45 A Sale Selberling Rubber com.....* Selby Shoe Co com ...* Selected Industries com * * com Preferred, series A A 5,600 Signature Hosiery 400 1,400 2,800 Convertible ... com 140 19 A - 390 10 5,000 100 2 2,600 100 300 11,100 «. 700 5,226 100 19,476 500 100 900 200 300 700 2,120 23,200 600 100 100 1,200 900 21,100 24,200 5,100 700 17,200 400 600 325 4,000 1,500 50 500 1,000 10,000 800 100 200 100 39,400 73,800 3,700 2,600 300 97,100 7,700 300 7,900 550 100 9,610 4,110 100 47,900 54,900 10,700 310 110 ' 5,100 1*800 1,800 _ 3,500 « „ 200 300 1,600 800 300 800 «. - - J - 4,300 Typewriter 7% pref 2,700 8,600 June 6% 2% 3A 52 % Sale 2 A 2A 9 37 1 A July % July 13 July 6 32 3 A July 1 3 33% Jan. 3% July 31 16% July 31 24 3 A July 20% July 5 A July 6 July 14 30 6 A July 934 July 1 7 2A July 5034 July 13 15 3% July 55 July 7 1 50 14 55 3 16 June 1 2 26% June Jan. 4 1% 1A Sale 1 A July A July 15 July 234 July 28 2 4% Jan. 26 6 May 2% Jan. 4234 June 40 June 1 .Tune 14 6 42 3 A 30 A A 6 8% 47 Sale Sale 32 5 A 30 11A 34 A Sale 30A 4A 32 Sale Sale A Sale * July 434 July July 6032 July 29 24 0 24 30 34 July July July 55 A July 260 July 32 July 534 July 30% July 61 July 5 Sale Sale 260 Sale A 55 A 4 16 3 % July 434 8 Jan. 10 13 June 13 3% Jan 7 1 Jan. 2 3 Jan. 5 17 Jan. 26 37% 5% 30% 37% 7% 10% Mar. Feb. Feb. Mar. Mar. 20 26 26 23 26 May 7 16 Feb. 11 4 A Feb. 27 70% Mar. 2 71 Mar. 2 70 Mar. 4 2% Jan. 9 Feb. 17 15 33 Jan. 15 Apr. 16 42 Jan. 28 8% Mar. 25 36 Feb. 25 66% Mar. 27 Apr. 10 108 4« 6 4 June 3% Jan. 2934 June 52 May 104% June May July 3% May 55 A July 230 May 1 19% Mar. 9 1% Jan. 14 J* Jan. 31 34 July July 5% July 5534 July 275 July 4 6A 2 6% Feb. A* 30 80% June 19 % Jan. 15 34 Mar. 17 13 July " 27 33 r 5% 148 A v t c 9 Sale * SA 128 1A 2A 1A 1 10 2A Sale 3 2 1A 2 • com Convertible Standard Screw.. 50 * Preferred........ Stein Cosmetics Inc Steinite Radio * com ..100 • com 15 20 A 16 19 Corp. Strauss (Nathan; 834 July 134 July 2 10 v July 134 July 21 14 134 3 1 July 234 July 15 17 3 134 July July 1 22 l 134 July 22 134 July 22 A lH 12 Feb. 28 Apr. 21 Feb. 71% Feb. 343% Feb. 21 27 17 A 39 Sale 16 A 9A 19 A A July 17 July 1634 July 16 2 23 . 34 July 16A 14 16 A 1534 SO 02 A 90 95 39 July--31 1634 July 2 27 3A • Stutie Motor Car Co... * Warrants Sullivan Machine Co. 4 12 17 9234 0% 4A 5A 4 3 2 3 2 3 ~~3 "3 3A 2 3 ■.* com. <* .... A 3 7A ISA 534 OA Sale July 8 4 July 8 22 July 34 July 17 9 22 July 34 July 17 9 6 1 Jan. 134 July 22 7% May 25 17 ■i 13 334 July 1134 July 27 29 July 1634 July 55 34 July 2 29 90% July 2 434 July 29 434 July 4- 10 1 4 A Sale 25 28 A Sale 15 36 Sale 6A 5 8A 16 • 7 A 5A Securities Corp.. .1 2A OA Sale * 35 37 25 A 29 Prod Exports .* Tobacco Secur Trust Co Ltd 99,800 Transcontinental AirTransp* 6A .* 73,600 Trl-Contlnental Corp Warr._ 38,900 Tri-Utilities Corp com ...» is 6A "11% 10 Sale * July 14 1 July 31 22 22 29 14 30 14 3 July 13 June 4 May July % May 68 May 16 17 22 28 334 June 1 22 10 June 2 13% June 2 85% Jan. 14 4 Jan. 2 11 10% July 634 July 5 July 9 % July 2 July 7% July 1 434 3634 3534 Sale 534 41 3 Sale Sale 3334 534 Sale 11A 834 D July July 7 10 25% July 32% July 434 July 22 Sale 2A 2A 3A 13" is" 13" 20 30 31A A 34 15 28 14 4 45 A AO A 3234 Sale A 8 44 45A 42 45 5 July 3734 July 7 13 15 35 *"734 July " 6 "3" July "28 39 41 42 46 3A Sale 7 Sale 6 Sale Sale 27A Sale* 3 A 3 A 12% "l3~" 6 6A Sale 5A Sale 5A 334 12 1434 1234 20 30 15 9 July 31% July % July 30 7 1 1434 July 434 July 44 July 22 22 3 22 29 11% Mar. 21 % Mar. 28 3 Mar. 26 Apr. 27 6% Mar. 26 16% Apr. 16 10 Mar. 6 Jan. 3 Mar. 11 6 July 434 July 42% July 10 28 1 8 14 Jan. 12% Jan. 7 25% Feb' 11 17% Feb. 27 90% May 25 1 2 19 1 1 95 4 Mar. 27 8% July July 29% July A July Mar. 18 Jan. 5 Apr. 23 15 25 20 June 5% June 3 5 July 14 9% July 30 ZT 30 5 12 56 6 634 July 6 9 16 16 "2% July" Jan. 31% Mar. 21 4 July 8 1034 June 24 2 2 22 July July 31 18% Mar. 17 89 10% July 7 July 5 July 18 July 2% July 24 Sale 39 30 Apr. 22 July 31 6 7 26 % Apr. 16 A Feb. 11 June 27 3 Feb. 22 26% July July 5% July 14 2% Mar. 4 July 2 28 5-16 July 19 37 Feb. Mar. 9-16 July IS 5 Mar. 18 Jan. 12 May 25 4 Jan. 36 Jan. 5 Jan. 4% June 18 May 3% June 3% May •2% Jan. 15% June 18% Apr. 100% June 20 Apr. 26H Jan. 4% Mar. 21 22% Feb. 28 4 May 25 8 40% 3% 30% 40% 3% May 24% June 29% June 4 Apr. 11% Mar. 8 2 Mar. 19 Mar. 2 May 5 5 Jan. Apr. 14 Mar. Mar. 18 Feb. 2 15% Feb. 5 2 7 Feb. 7 6 26 9 9 3% Feb. 20 12 46 22 18% Apr. 22 Mar. 12 10 102% Mar. 26 37 Jan. 10 12 39% Apr. 14 13 June 3 1% Jan. 23 May 4 May 42% July 20 Apr. 37% June 3% Jan. 18 18 29 27 1 2 14% July 4% July 22 22 27 12 50 Feb. 20 Apr. 27 42 Jan. 24 5% July 15 Sale 534 July 30 634 July 5% June 3 13% Mar. 27 24 1 4 July 334 July 2% Jan. 3 Sale 3% July 334 July June 12 6% Mar. 24 29% Mar. 10 6% July 7 6% July 5% May 22 12% Jan. 16 8% Feb. 21 14% Feb. 25 reg.. . 2 5% 2A Screen common June 12 3% May 21 2 52 Tlmken Detroit Axle pref. 100 100 Tom Huston Peanut Co com.* 50 Torrlngton Co of Maine * 9 26 34 A Sale 27 A Sale Am dep rets ord reg shs..£l 1,200 Am dep rets def reg 400 5 sh 6.400 Todd Shipyards Corp • Sale 41 5A 22,400 Tobacco 14 1 5A 37 4A com 3 6 Sale IS 3 A Tlsh'ian Realty 8c Constr._• Tobacco& Allied Stocks.. • 9 Feb. 11 Mar. 31 18% Mar. 1% Jan.i May 20 June 10 Jan. 8 June 25 15 4 3 A 36 Swift International com Jan. 5 5-16 July 1234 Swi ft 8c Co rhermokl Co 7% conv pf. 100 14 A Super Maid Corp common...* . 9 8 Mar. 14 Jan. 3 Feb. 25 Mar. 30 24 2A * . 1% 2% 4% 1% % Feb. 16 Sundstrand Mach Tool com.* Tninz Pork Stores Inc. 3A 11 4 19 shs. 5 Sale 2 16 Am rets for ord. 16 14 12 15 17 30 8% July 134 July 1% Mar. 1 July 2% July 1% Mar. 26 4 Sale 3 A 5 A Pict A 85 5 Thew Shovel Co Jan. 9 15 7 Sale 20 A Sale 11A 13 A 4 pref. 15 "A '"A 1 5 Investing Co 22 4% 15 11% 27 192 28 108% A 1 Sale 13 A July July 8% June 98 July 108% Jan. 5 6A 36 lnc com..* Stroock (S) 8c Co Struthers Wells Tltusvilte.I* For footnotes see page 56. 20 A % 21A Syrac Wash Mach B com...* 3,000 2,900 Sale 25 Stores com...* Stromb-Carlson Tel Mfg, Class A 27 135 2 88% Jan. Taggart Corp com 700 Taylor Milling Corp com * 117,400 Technicolor Inc common...* 545,700 July 15 * .... Sterchl Ilros Stores Stetson (John B) Co com...* Stlnnes (Hugo) 20,400 800 200 380 1,200 4,200 98 334 July 100 Starrett (The) Corp 6% cum pref... Stein (A)8c Co com 30,000 Thatcher 22 pref erred ....* Standard Holding class A...* Invest S5% pref..* Standard Mot Constr * Standard conv 1A 2A A A A Staley (A E) Mfg 7% pref..100 Standard Cap 8c Seal Corp..* Standard Dredging common * $3 July Sale Am dep rets ord reg shs.... Stabl-Meyer Inc 10 Sale 1A 3A Spiegel, May8c Stern 6% pf 100 Sun 7 1034 91A 100 2 1 com.* with warrants.100 Strauss-Roth 10% 132 OA Triplex Safety Glass Ltd— 300 5A Spanish & General Corp Ltd Am dep rets ord bearer shs. Trans-Lux 11,100 Sale OA 30 6A 2 14 & Corona 400 Tenn Products Corp 4,600 ISA A July A July 13 July 37 Sale Sale 33 A Sale Sale Sale • Storkline Furniture Corp 1,600 Convertible preferred...25 • % 100 8,400 Southwest Dairy Prod 700 300 12% 28 3 A 19 A IA Sale * 600 Snla Vlscosa Ltd 120 lire 300 Interim rets 28,200 South American Air Lines..* Southern 39,400 Corp com j » 200 Southern Grocery Stores * 1 100 Southern Stores Corp ci A..* 700 - A vtc—* Preferred.... Smith (L C) 400 .# Vs Sale 34 1 1734 July 20 A Jan. 3 3% Jan. 2 10 June 13 53% Jan. . — H 13 29 26 Mar. 13 ' 2.200 _ 90% Jan. 21 80% June 17 .100 preferred July 24 Mar. 13 10% June 21% Mar. 6 107% Mar. 110% Mar. 5 29 Apr. 24 30 Apr. 24 above.) ee 48% Feb. 5 25% Jan. 19 50 10 • 61,864 Silica Gel Corp com v t c...* 275 Silver (Isaac) Ac Bros pref.100 1,500 Singer Mfg 100 Singer Mfg Ltd.. £| Am dep rets ord reg shs. 5,800 4,300 Slstd Financial Corp • 3.590 Smith (A O) Corp com. .* 25 21% 36 4 com Feb. 25 Feb. 5 June 12 2 "3A Sale" Securities Corp Gen'I com Bros common.. Seeman 72,715 6% conv preference. Rl) 1,675 Sherwin-Williams Co(Ohio 25 400 18 Segal Lock Ufc Hardware 2,800 Sheaffer (W A) Pen com 110,856 Shenandoah Corp com 400 Sale Sale 25 Utll Shares, com..* 4,000 Seton Leather 100 7,000 4,200 1 Apr. 23 5 21 3% 2A 27 4 19 12% Sale Highest. 10% June 17 2 A Feb. 25 134 June 2% Jan. 19 8 Sale 3 Selfridge Prov Stores Ltd— 5,500 Ordinary £1 207,500 Sentry Safety Control * 25,025 Service Stations Ltd clas9 A.* 3,S55 i. 20 A July 21 July 200 Schoeneman (J) Inc com..,.* «. . — JAN. Sale Prices. 26 June 3 48 13" Sale' blic Gas. Highest. Sale Prices 8 Inv Tr 100 St Lawrence Paper 6% pf.100 St Regis Paper Co.. 10 100 7% cum pref 100 50 Sanford Mills Co common.-* Savannah Sugar Refinlng- 1,000 22 20 * 1,600 Safety Car Heating <8r Ltg.100 - July 1. .' 100 .... 517,200 ■ SINCE 2. Ask Bid. (Con.) 4,000 Rlke-Kumler Co com * 200 Rogers Majestic Corp A _* 1,000 Roils Royce of Amer pref.100 13,800 Roosevelt Field Inc _.* 150 RANGE Price Jan. 1931. INDUS. & MISC. 45 PRICES IN JULY. NEW YORK CURB EXCHANGE Since - EXCHANGE SALES. In .* CUBE YOKK ~1~4A 6% July 3 7 8% Apr. 23 46 Since July Jan. 1. Jan. 1931. 50 Truscon Steel 7% pref 100 Tubize Chatillon Corp— Common B v t c * 139,250 2,200 6,600 Tung Sol Lamp Wks 600 700 300 $3 21*6 1454 *4 1,600 ♦ Union Tobacco Co com 34,700 300 23 3254 Sale 9 8 8 *6 26*6 Sale 27*6 Sale 28*6 20 30 3-16 Sale 26*6 July 23 27*6 July 1 20*6 July 22 *6 July 7 28*6 July 17 20*6 July 22 3-16 July 31 120 United Amer Utilities com..* 100 United Carbon pref. ..100 9,400 I,200 United Chemicals Inc com..* 26,300 $3 cum partic pref * * 76,420 United Dry Docks com 600 United Engineering & Fdry.* 1,202,810 United Founders Corp com.* * 3,700 United Milk Prod com 250 7% Gumul preferred 100 2,100 """800 700 106", 500 18 *4 2 *4 2iy2 Sale Sale IK 1*1 17 K 53 7 154 5*6 2H 50 20 • IK 1K 22 21*6 22 Sale Sale 4*6 July 4*6 4*6 4*6 5*6 4*6 United Carr Fastener com..* 2 Sale 4*6 136 Sale 1h 53 17 Am dep rets for ord reg..£l 1,700 2,000 United Porto Rican Sugar. 3,700 Unit Profit Sharing com... 300 Preferred.. 10 200 4,400 United Retail Chemists pfd 25 4,400 United Shoe Mach com 600 2",700 42,900 I,400 4,100 II,800 10,100 800 100 100 5 6 8 52 57 1,500 United 1,400 5,400 1,300 2,800 •• 35,600 27,550 50,450 24,000 23,900 A * 8 5 54*6 52K 65*6 10** 7*6 900 Certificates of deposit U S Playing Card com.. """200 9,300 400 CI S Radiator i0 12 0 7 6 6K 5,700 1 4*6 June 100 3",800 650 2,500 2,000 3,200 1,500 67,145 9,800 56,000 26,000 39 K 2K 2034s 12 Sale 11 11 46 * 20 100 4754 Sale 53*6 July 14 1 *6 July 10 3 July 18 July 20 60 2,800 * * '"554 * 14 K 5 38*6 1*6 Sale Sale 25*6 25*6 1*6 38*6 1*6 20*6 Sale 23 35 38 36*6 38 3 5*4 15 15 17 31 2 IK 6*6 16*6 Sale 4*6 72*6 Sale Sale 72*4 5*6 16*6 5*6 654 £18 17 4*6 6 12** 13 7 5 5*6 7*6 5*6 Sale 4 13** 3 25*6 2 13 July July T,2o6 18** 4 *6 Sale Sale * 6 56 Sale 9 8 14*6 17 5*6 19*6 Sale 436 5*6 Sale 40 4*6 5*6 5*6 8*6 35 4*6 5*6 4H Sale Sale 9 5*6 8*6 17*6 5*6 13*6 4*6 31 16 21 2 22 29 31 13 10 140 IK Sale 7 6 5*6 4*6 July 8 15 15 July 8 6*6 18 3* *6 2*6 4 *6 „ Sale 20 28 * 10 20 15 20 10 1,500 2,100 300 438,600 5,000 6,200 34,400 21,800 8,500 3,800 A 1.. > July 3.0 5*6 July 7 July 15 July 31 *6 2*6 July 15 July 9 *6 2*6 10 K * * * il-low Cafeterias com Preference Sale "12"" "l3*6 K Co Woolworth (F W) Ltd— Winter (BenJ> Am dep rets July 40 7 11*4 July 25 13 70 July 70 July *6 July 10 1 9*6 3*6 25 21 *6 10*6 5*6 ord shares.. 6% pref 275 Youngstown Sheet & Tube 8*6 3*6 8*6 July 14 July 21 July July 30 Jan. 3 June 33 Mar. Apr. ol*6 Jan. 1*4 Jan. 510 *6 Sale Sale 3*4 3*6 3 21 25 20 11*6 *6 16 15 10*6 Sale 3*6 24*6 15*6 July 25 July 1 July 7 10*6 5*6 86*4 IK g July 15 July 10 14 July 28 114*4 July 14 101 July 1*6 Sale 1*4 *4 July 800 Insuranshares of Del 2,300 2,300 Westvaco Chlorine 3 May 6 19*6 Mar. 12 5*6 Feb. 14 29*6 Mar. 26 10 Mar. 26 15 June 9 15*6 June 3*4 Jan. 2 2 4*6 May Mar. *6 June 2*6 July 27 21 Jan. 40 June 17 Jan. 8*6 Feb. 26 70*4 Feb. 27 2 Feb. 25 19 24 31 8 12*4 5*4 July July 86*4 J«iy 20 25 Prod 2 n3 »i« 16 9 17 16 19 9 85 Jan. 27 Mar. 25 June 60*4 June 10 *6 Jan. 17 39*6 Jan. 25 Jan. Apr. 13 60*4 June 10 1 *6 Feb. 28 46*6 Jan. 6 Jan. Jan. 10 120 14*4 6*6 33*4 4 22*6 ->6 1*6 June Jan. 8 3 12*4 Jan. 14*6 June *6 June 7 2 7 6*4 Jan. Feb. 52*6 Jau. 24*6 Feb. 22 Apr. 29 21 26*6 Mar. 25 3 10 Mar. 11 Mar. 10 Mar. 27 Jan. 7 Jan. 5 9*6 June 18 12*4 July 4*6 June 18 5*4 July June 3 101*6 Jan. 7 2 28 4*6 Jan. 4*6 Feb. 'is July 26 26 85 1*4 Jan. 1 *6 Jan. *4 July July 24 July 20 July *6 July 400 White Sewing Mach deb rts. PUBLIC 7 Jan. Jan. 60 3 *6 pf 32,600 Associated G tk E deb rts— Stock purchase rights 8,410 800 Jan. 11*4 July RIGHTS 400 2 9 30 9 25 7 June 29 5 Mar. 27 Apr. 4 7*6 Mar. 21 2*6 Jan. 3 9*6 Feb. 24 78 Apr. 15 9*4 Mar. 2 19*6 Feb. 25 48*6 Jan. 30 7*4 Mar. 24 9 Mar. 10 7 Jan. 8 12*6 Feb. 2 June 19 4 14*6 May 7 12*6 June 23 July 14 July 9 July 22 July 25 8*6 2 Jan. 20 July 26 21 20 7 July" 2 7 27 49 120 100 Wilson Jones Co com Am dep rets July Feb. 6*6 Jan. June 39** Sale & Co....... ) 3*6 Feb. May Ry 7% prior lien stock Williams 729,300 10,700 25 Sale 28 Wheeling & Lake Erie 200 14** 50 Wist Jersey & Seashore RR 50 2,100 West Virginia Coal & Coke * 2,200 Wheatsworth Inc com 500 60 8*6 July 2 40 22 t c_ 2 50 1st pref 100 500 Western Pipe & Steel com.. 10 Western Tablet & Stationery common v Mar. 10 32 8 3 5 July 2 10 Jan. 24 19*6 13 June 1 June 10 4*6 June 2 67*6 June 3 5 May 27 14*6 Jan. 2 35 July 2*6 Jan. July 17 Feb. 8*6 Mar. June 29 16*6 July 39*6 5 *6 5*6 5*4 8*6 10 10 20 13 5 20 11 4 4*6 Sale 7% 500 15 4 Jan. Mar. Apr. Feb. Feb. Mar. 25*6 July 11% Jan. July 7 July 28 3 22 2 25 14 8 31 1 74 6 Jan. 17 July July July July July July July July July 5*4 July July July July July July July July July 17 Sale 17 5 17 12 July 29 16*6 July July 28 2 Jan. 60 Jan. 1*4 July 1 July 30 July 29 1 40 30 * 8,100 Watson (Jno Warrton) Co—* 4,800 Wayne Pump Co com * Convertible preferred * 1,700 1,437 Welch Grape Juice —* 2,900 Western Auto Supply com A * 33,900 Western Air Express Corp..10 Western Maryland Ry— 10 1 31 2 .... """75 6*6 56*4 30*4 2*6 6*6 65*6 May 1 May 26 June 2 4 7 6 3 2 10 Feb. 5*6 Feb. 4*6 May 27 May 8 July 21 38 Gooderham & Worts common 500 Warren (S D) Co 9 July July 43 July 15 5 5*6 554 3*6 Sale 13 corn.... Walker (Hiram) 132,800 2*4 * 100 300 Sale Sale 5 300 Wagner Electric Co com... 15 4,200 Waltt & Bond Inc class A._* 600 Class B * '"166 5 Sale 2 3,000 Vogt Mfg Corp 3,100 July July July July July 23*6 3*6 30 ...25 48,700 Walgreen Co Warrants. 5,500 59 29 11 Feb. Jan. 2 Mar. 30 1*6 June 17 IS 20 25 8*4 Apr. 25 48 Sale 3 21 4*6 com..10 300 i'.lOO *6 July 3 July 60 July 10*6 July 6 July 2 Pack com 7% pref Vlck Financial Corp 3 29 June 48 6 1 July 29 July 22 10*6 16*6 IK Priority Stock 3?* *6 May 20 5*6 Preferred 14 53*6 July Feb. Mar. Mar. 14 5 Mar. 21 Jan. 23 June 1*6 May 20 May 27 *4 July 9 1 * Utility & Ind Corp com Van Camp 9 com..* Utility Equities com 63,963 II,900 51,600 7 1*6 July 29*6 Pictures Utah Radio Products, 2*6 July 9 Sale 185 Van Camp Milk preferred. 100 50 800 Universal 7 *4 July Mar. 19 Apr. 6 28*6 Mar. 20 3*6 Mar. 10 May May 17 Co—25 nsurance 16 .Tan. 5*6 July U S Stores Corp com 800 Universal f Feb. 15 U S Radio & Television com.* 800 U S Rubber Reclaiming.. 2,800 II S Shares Financial 50 10 4*6 July 4*6 5K Sale 10 common Jan. 1*6 June 32*6 June 1% Sale 62*6 11*6 7*6 3 63 10 6*4 Sale 31 ---* with warr..* 4,550 4 Mar. 27 100 7 13 30 T*6" ¥ i* 60 "5A Sale" B._* with warr—* ""175 Jan. 58 U S Lines Inc pref U S & Overseas May 30 2*4 July !!H «8 Jan. June 22*6 July 2 July U S & Internat Sec com.. 1st preferred 27 3 5334 50 100 Preferred United States Foil class 1 Feb. 5*6 Jan. Sale 9 60 Finishing common.....* Class B U S 700 "2,200 * * Wall Paper U S Dairy Prod class IK 6*6 vtc_* United Stores Corp com 12 26*6 July 100 7 2 24 20 June 15 Jan. 21*6 17*6 *6 3*4 Feb. Feb. June 22 15 1*6 *6 IK IK 25 Preferred . 16 12 8 2% 854 154 ........ ""300 7 26 3 4*6 July 17 3*6 Jan. 20 July 1 *6 July United Molasses Co Ltd— ""300 1 28 1 Sale Prices. 2 103*6 Feb. 103*6 Feb. 28 23 20 Highest. Prices. Sale Prices. 6*6 July 8*6 July 26*6 July July July 4*6 8*6 Sale 6*6 3 54 Lowest. Highest. Sale Sale Prices. Ask. Ask. Bid. Bid. Lowest. July 31. July I. Ask. 3 *6 7 * * com pref cum conv 52,700 Ungerleider Financial Corp.* ♦ 16,800 Union Amer Invest com 900 2 Bid. INDUS. & MISCEL. (Concl.) Shares. Shares. 1. JAN. Price NEW YORK CURB EXCHANGE In SINCE RANGE IN JULY. PRICES aggregate sales. 16 *4 July *6 Mar. *6 July 29 *4 Mar. 3 2 115*6 Mar. 11 21 103*6 Mar. 30 3*6 Feb. 16 9 UTILITIES Par 375 300 2,900 1,200 15,000 43,200 2,200 275 300 125 109,400 60,000 2,800 4,000 100 1,700 """600 211,100 1,500 2,900 1,895 Ala Power Co $7 pref...... *6 preferred.. 2,735 — * 23,450 Allegheny Gas Corp. Amer Cities Power & Lt Corp Class A —50 15,500 Class B_. * 153,000 330,400 Amer Commonwealth Pow clA Class B * 18,800 A * 475 S6.50 1st preferred... -* 700 Amer Dist Teleg N J pref.-IOO 741,100 Amer & Foreign Power warr 479,400 American Gas & Elec com—* Preferred * 15,000 25 75,000 Amer Light & Trac com ' 2,250 6% preferred 25 41,600 Amer Nat Gas com v t c__. 25 Amer Pub Serv 7% pref_-.100 29,100 Amer States Pub Serv class A * 4,413,500 American Superpower 1st preferred. 32,300 * SOcumulative preferred . 17,400 475 Sale 102 2*4 2*6 3354 35K 5 K Sale 11*6 Sale 22 24*6 1*6 32*6 33*6 8*6 Sale 12*6 Sale 31*6 6*4 Sale Sale 13 Sale 19 22*6 $7 1st preferred 14 K Sale Sale Sale 109*6 Sale 38*6 39*6 29*6 32 18*6 66*6 43 26 3K Sale 30 Sale 10*4 Sale 82*4 81 1*6 2*6 1*6 3 10*6 12*6 91*6 Sale 11 Sale Sale 1*4 July 31*4 16 .1$ 31 17 28 July July July 19 July 19*6 July 70 Sale 70 July 110*6 July 15*6 Sale 14*6 July 60 July 62*6 Sale 109*6 July 37"" "38" 37 July 30 33 30 July 1*6 2*6 2*6 July 8*6 10*6 92 10 29 31 14 15 15 15 17 8 10 July 17 8 Sale 92*4 10*6 9 IK 82*6 115 2 102 1*4 9 July 15 July July 29 July 2 112 June July 13 100 Jan. July 10 1*4 July July 2 31*4 July 16 38*6 10 2 July 1 5*4 Jan. 17 2 July 5 10*6 June 17 July 2 Apr. 30 29*6 90 July 20 75 May 27 89 65 July 2 May 27 75 75 5 112 111 July 21 now Feb. 3 June 31*6 22*6 July 3 2 8654 6 48*6 June 71*6 July Jan. 31 11054 July 3 102*6 110*4 3 54*6 2 34*6 June 39*6 July Jan. 23 30*4 26 30 July 8 June 10 5*6 3*4 July 3 91*6 91*6 Apr. 27 20 3 Apr. 24 6 10*6 July 1 19*6 3 8*6 June 13*6 July 99 3 93 July 13 81*6 Jan. 7 89*6 82*6 Jan. 83*4 July 2 33*6 8*6 13*6 22*6 Amer Tel & Tel— 79,400 1,600 100 2d installment paid.. 490,660 Appalachian Gas com Warrants 9,400 47,266 150 300 9,900 534s com 1,050 Arkansas Pow & Lt prof 20,600 Assoc Ga« & Elec, com Class A 611,600 $5 preferred 6,545 8,669 I $8 int-bear allotctfs 18,100 I Allotment certificates Sale 350 Associated Tel & Tel cl A 7,800 For footnotes * ._* * 25 40 100*6 10334 15 17*6 Associated see page 56. Telen Utilities 4*6 Sale 4*4 Sale 0*i 2 July 30 4 Sale * 67*6 Sale July July 15 4 July 27 103 *6 July 6 105*6 107*6 106*6 107*6 105*4 July 9 106*6 25/8 15* 0 25 * 20 15 15*6 Sale Sale 13 "76*6 Sale' """"§ Sale M July 15 67 July 30 80 July 2 20*4 July 15! M July 17 65 Sale M 65 * Sale 24 25*6 15*6 11*4 19*6 22 4*6 *4 Sale Warrants 176,700 250 100 144 150 .... 100 Arizona Power 80 135 * July 1 July 9 July 2 July 1 July 17 Jan. May Jan. 15 Feb. Jan. 23 Apr. 8 June 30 6 Mar. Feb. 24 Feb. 26 July 1 Feb. 3 28 June 29 Mar. 7 Apr. 27 Mar. 25 Mar. 21 Mar. 18 Mar. 20 Jan. 24 856 Feb. 10 May 12 Jan. 15 20 2 109*6 May 14 Feb. 26 30 2 2354 Mar. 27 11*4 July 15 8 64*6 June 67 July 30 19 28 27 24 144 May 20 *6 May 28 Jan. Feb. Feb. Mar. 19 6 ■i« June 9 65 July 17 22 Jan. 2 8954 Apr. 11 9154 Feb. 28 24*6 May 22 Jan. 67 26 May 13 25% Mar. 23 NEW aggregate YORK CURB EXCHANGE sales. PRICES IN JULY. NEW YORK CURB EXCHANGE In Since July Jan. 1. PUBLIC UTIL. (Conl.) Par 200 Barcelona Tr Lt & Pr ord__50 July 1. * Ask. Bid. Bid. July 31. Ask. Bid. Ask. 1,900 BellTelep Co of Can_._._.100 Tr Lt & Pr ord Class B Highest Sale Prices. 115% H9 * 21 July 15 138% Lowest. July 7 17%" July" 15 "24%'July "7 18% Sale 25% Sale 26% Sale 104 26% 102% Sale Cables & WirelessAm dep rets A ord sh 21,800 £1 Am dep rets B ord sh 32,100 £1 Am dep rets pref sh 12,900 £1 375 Canadian Hydro-El 1st pf.100 % Sale % Sale 3 % Sale % % % Sale % Sale '2% "3" 2 % Sale Sale 101 101 t c* v * 15 % July 3 July 31 July 6 July 6 July 31 July 28 July 6 July 6 *17 % July % "21*" "23"" 20 22 21 100 140 Cent 111 Pub Serv $6 pref ' 2 July 31 26% July 27 104 % % 2% 103 * 1 101 July 130 Cent Indiana Pow 7% pf.100 10 Central Maine Pow 7% pf_100 500 Cent Pow & Lt 7% pref 100 14,600 Cent Pub Serv 274,100 Class A 350 25 600 8,200 $6 of Del preferred 54 preferred $7 Prior lien preferred.---* 57 preferred 75 1,450 conv pref 25 Conv pref new Sale 18 8% Sale 8 15 July 21 16% July 6 July 15 8% July 1 s58% July 17 July 30 July 9 17 July 23 74 July 3 84 July 44% July 31 15 8 17% Sale * • 47 y8 49 84 Sale 44 45 44% Sale 59 Jul* 59% July 10 July 17% July 78% July 87% July 46 July Edison 100 221 Warrants Sale Sale 205 198 E L & P Malt com. Class A preferred 25 Dayton Pow & Lt 6% pref. 100 200 Dixie Gas & Utilities com..* 157,200 Eastern States Pr B com * 11,600 Eastern Util Associates 1% Sale 1 % Sale 1% July 9 1% July 3 10% Sale 9 Sale 8% July 22 11% July 6 90 150 51% July 18 55 56 % 59 55% 60 Sale 87% Sale preferred 14% 5 Sale 6% 93 Elec Pow & Lt 2d pref A.._.* Option warrants 50 Empire Dist Elec 6% pref. 100 4,600 Empire G 8c F 7% pref 100 100 stk__* part 24,400 Empire Pub Serv class A 15,500 European Elec Co of Can A.10 123,000 Option warrants 7,100 Florida Power & Lt $7 pref..* 11 13 6 9% 4 6% 14% 118 31,400 56 cum conv pref ser B 310 General Pub Serv 56 pref 575 Gen Pub Utilities 57 pref * 2% 15 y8 3 17 102 1% Sale 19 Sale 11% 32% 7% Sale Sale Sale % 19% Sale 41% Sale 103M Sale 42 9 32% 7% Sale 103% 91% Sale Sale Sale 74 79 86 Sale 31% 33 5% 9% 7% Sale 1 % Sale 22% 24 31 2% 18% 36 1% 11 1% Sale 31% 1% 7% Sale v 50 Hartford Electric Light 250 Haverhill Elec Co Sale 32% 7% 34% July July 90% July 23 15 8ale 5 97% 5% 98% t c 72 a* 77 3% 98 July July July July 12 July 33% July 8% July 15 85 July July July July July July July July July July July 31 90 17% July 15 24 70% July 18 70% 61 July 25 62 71% July 241 74 % 36 39% July 10 n39% 1 % July 2 2, 1% 9% 7% July 15! 11 1% July 29 2% 100 2 100 July 4 Sale 82 85 93 96 2 3 65 75 5 98 85 % 90 100 2,400 Intercom Power com A.... 1,710 Int Hydro-El 53.50 conv pref.* 700 Warrants Warrants 90 91 90 93 90% 90% 91% 94% 700 41% Sale 41 22% 32% 8% Sale 21% 32% 7% 23% 35 Sale 94 Sale 44 21% 33 35 5)4 2% % Sale Sale 1% 33% Sale 77% Sale 73% 98 98 Sale 3 Sale 3% 1% 101 Sale Sale 1% 74% 1% July July July July 2% July 17 9 16 2 31 July Kings County Lighting 5% preferred series D..100 7% cum pref series B...100 * 98% 100 30 303-3 114% 30% 31 ..100 27 Marconi Internet Marino 56 91 Jan. 5 110 Am dep ret of Can 1 31* 20 103 July 51 July July 60% July 5% July 99% July 104 July 41 July July 11 July 27 4 Jan. June 7 6% June 3 91 % July 94% July 98 97 Jan. 87 Mar. 18 100 Feb. 50 Jan. 8 June 3 May 26 112 June 19 Mar. 24 107 June 29 107 Sale 8% 2% 3% 2% July 1 % July 1% July July 98% July 109% July 103% July 1 % June 36 9 Sale 28 29% July 110% July 106% July 110 July 24 8 99% July 9 9 30% July 3 111% July 2 107% July 24 111 July 3 7 29 25 28 38 7% 8% 2% Sale 2 .1 June 24 103 7 9 8% July 3 July June 24 18' 68% Mar. 16 July 22 115 July 22 115 77 June 2 101 Feb. 26 105% June 15 108 9 June 1 17% 4 8 July 21 41% Feb. 9 44% 97% Jan. 5 103% Jan. 20 Apr. 24 108 Jan. Jan. 108 Jan. July 13 Mar. 11 Mar. 25 21 14% Jan. 14 Feb. 16 6% Feb. 17 145 27 Mar. 20 94 Mar. 19 24 Mar. 26 2 35% Mar. June July 27 9 268% Feb. Jan. 85 June 14% 70% 50% 66% 30% % 3 June July 18 8 June June 19 2 June 1 101 7 1 Mar. May 28 37% 70% 79% 89% 52% 7% Jan. 13 12 Feb. 5 26 July Apr. 18 1 Jan. 27 Feb. 26 7 Jan. 2 1% Jan. 4 Apr. 28 104 Mar. 18 Mar. 18 Mar. 18 78 Mar. 19 17 9 83 Apr. 8 70% Jan. 16 15% Jan. 12 2 100% Mar. 12 30 2 Apr. 2 June 26 June 25 June 26 2% July 30 Mar. 16 June 26 94% June 26 6 Apr. 11 /0 June 22 Jul 27 70 72 June 22 60 93 Jan. 30 93 Jan. 86% Jan. 5 88% June 15 94% Apr. 15 95 24 100% Jan. 2% Feb. 4% May 4 Jan. Jan. 9 Feb. Jan. 3-16 Feb. 45 23 7 8 14 Feb. 24 10% Feb. 24 July 21 4% Feb. 24 100 98 88 99 July 2% Jan. % Jan. Mar. 26 May 13 7 Mar. 23 2% Mar. 21 106%1 Jan. July 110 102 June 103% July Marl 13 100% May Apr. 27 115% May Apr. 27 36% Mar. Jan. 3 112% Mar. Jan. 3 107 X July May 4 July Apr. 1 103% Apr. Mar. 25 7% June 1% Jan. 6 30 2 2% Apr. 33% Mar. 17 Apr. June 1% June 68% June 96 Feb. 45 88 29% 106% 100% 105% 100% Mar. 107% Mar. 27 31% June 5% Jan. 37 8% July 2% July 2% Mar. 10 85% Apr. 17 12% Apr. 15 1 May 13 Jan. 51% July 111 30% Sale 110% Sale 4 24 June 29 8 256% Feb. 26 190% June 76 8 Feb. 25 19% Mar. 17 17% July 28 82 Apr. 16 89 Apr. 13 52% Mar. 11 113% Apr. 23 78 20 2 65 40 July 3 July 3 July 1 July 21 July 10 July 1 July 31 July 2 July 1 98 10 68% Feb. 5 100% Feb. 23 77% 9 19 41 July Feb. Apr. 23 12% Mar. 19 Feo. 1 9 24 Mar. 18 Feb. 4 July 34% 14 30 95 54 44 100 *21H 96 1 20 87 2 July 31% July 7% July 91 July 2 July 70 July 11 24% Feb. 11 July 22 Feb. 14% June 2 104 15 23 8 Jan. Apr. 19% Mar. May Apr. June 58 95% June 30 Apr. 103% Feb. 24 105 85% June 26 86 4 30 20 Mar. 17 10 July 14 61% July 11 75 Apr. 30 50 July 31 53 3 60 24 July Mar. 10 Mar. 19 June 29 84% 102 Jan. 23 102 100% June 24 104% 8 July 17 18% 48% July 65 July 65 30 90% July June 26 Feb. 18 July 93 8 99 .... 100 200 Maine Gas Companies com..* Communication 7,800 529,300 Marconi Wirel Tel ** 2 7 27 91 108 102 325 Los Angeles G & E 6% pf._100 150 Louisiana Pr & Lt 56 pref * see 17 June 21 ... 34,700 Long Island Light com 1,875 7% preferred 2,400 6% preferred series B For footnotes Feb. 21 61 Feb. 24 31% June 101% June 3jl08% Mar. 19 97 Mar. 31 89% Jan. 31 10 1,150 Jersey Cent Pr & Lt 7 % pf. 100 150 6% preferred 100 350 June June 3-16 Feb. 175 Iowa Sou Utilities 7% pref 100 Italian Superpower ci A * 1% Mar. 2 % Feb. 19 May 19 July 31 3% Fob. 18 May 22 78 Apr. 11 1 103 July May 1 17 103 5 242 I Class A warrants.- 23,600 Internet Superpower. * 17,500 Internet Util class A * Class B 226,300 ..* 3,120 Participating pref ..* Warrants for class B stock. 16,500 1,200 Interstate Power $7 pref. * 117,100 32,900 1 109 94 60 Indianapolis Pow & Lt— 825 6%% cum pref....100 1,000 Inland Util partic class A * 300 July 31 17* 25 Illinois Nor Util 6% pref..100 * 14 104 88% June 8% June 29% June 45% July 20 25 4,175 Illinois P & L $6 pref 1,168 6% preferred Mar. 12 14% Jan. 96% June July 105% 1% 19% 92% 15 104% July 9 92% July 56 13 July 102 65 25 v t c 9 July July July July July July July 48% July * com 18% 33% 8% 50% Sale 96 $6 preferred % Sale 37% Sale 104% Sale 85 20 100 Gesfuerel Am dep rets 125 Gt Western Pow 7% pref .100 50 Gulf States Util 55.50 pref. Gas Co Sale Sale 91 14 16 102 17 * A July 22 115 July 15 93 July 13 108 9% July 31 11 4 6 July 21 Sale 5% * 2,500 General Water Wks & Elec 4,500 Georgia Power $6 pref July 9 July 22 July 31 July 13 July 8 July 8 87 Sale Gen Gas & Elec— 28,600 Hamilton Sale 100% July - 2,800 141,700 4,900 8% preferred 5,350 Empire Pow Corp 48% 115 Convertible stock. * 420 Edison Elec Ilium (Boston)lOO cum 27 103 44% 108 18,900 $5 3 Sale * Elec Bond & Share common.* Preferred » 15 207% July Sale 90 5,350 Duke Power Co 100 189,650 Duquesne Gas Corn com 16,400 Eastern Gas & Fuel Assoc..* 1,125 6% preferred ..100 13 70 1V8 .100 8,900 Consol Gas Utilities class A_* t lass B v t c 4,400 750 Consol Traction of N J 100 1,475 Cont'l G & E 7% pr pref...100 25% Jan. 98% Jan. 3% June 19 17 July 23 8 Am dep rets A bearer shs.. Compania Hispano Americ'na 46,800 Con Gas July 3 17% Mar. 10 2 1 Columbus Ry Pow & Light— 6% 1st pref series A..-.100 de Electricidad S A (ChadV. 50 Conn Lt & Pow 6%% pref. 100 50 52 8 13 59 8 450 9,313,200 49,000 21,400 July 31 7 Sale 59 75 Community P & L $6 1st pref* 233,300 Community Water Service. Compagnie Generate d'Elec— 100 50 7% Sale 100 ... Mar. 21 88 9% Sale Commonwealth 6c Sou Corp.. 100 13% 61% July 17 July 1 July 11 15% July -.100 - 6% preferred 9,595 Commonwealth 911,200 61% July 17 July 14 July 11 Sale 100 ----- 54% May 20 Feb. June * States Electric com.* Warrants 1,200 2,300 Cent Vyest Pub Serv class A 750 Cities Serv Pr 6c Lt $6 pref. ?7 preferred 1,650 14,800 Cleveland Elec Ilium com 170 50 17 7% preferred 100 6% pref with warrants..100 6% pref without warrants. 6% 10% * - 500 200 133-3 8 10 * 250 7,000 14% Sale 12% Sale .* Cent & Southwest lltil com.* 646,882 Central 550 7 * S7 preferred 40 15 71 * com 12% June 54% May 20 6 34% Jan. 101 1 July 27 % July 27 July 8 22 July 7 July 20 103 July 20 Prices. Jan. 17 Feb. 13 Mar. 2 15 109 June 15 2 28% Mar. 7 June 63 140 Carolina Pow & Lt $6 pref..* 100 S7 preferred--* 1,600 Central Atl States Serf 21,600 Cent Hud G & E v t c. 35 6% Preferred 1. Highest. Prices. Sale 19% Jan. 19 20 130 May 21 153 115 Jan. 9 120% * ; 23,500 Buff Niag & East Pow pref-25 1st preferred 4,300 * JAN. Sale 109 "21% Sale" Sale 100 Bridgeport Gas Light Co ♦ 125 British Columbia Powcl A._* 200 Lowest. Sale Prices. 137% 600 Bell Tel of Pa 6%% pref„.100 150 Birmingham Elec ?7 pref * Brazilian SINCE 2 1931. Shares. 290,610 RANGE Price Jan. 4 t ic 6 2 15 15 21 10 29 25 13 37% Mar. 25 10 Mar. 4% Feb. NEW YORK In Jan. PUBLIC UTIL. (Coui.) 1 00 900 25 2,800 Ask. Ask. Bid. Bid. 875 377,480 6,600 3,300 400 3H 500 , 3,000 A warrants 4% 4 8% Sale July 13 13 3 "8% ""8% 9% 9 B warrants 90 Midland Util 56% pr 7 14% 93% % 1% 106% July 107 July Sale 107 _* Second preferred 23 400 Pub Service 7% pref 25 Montreal Lt, Ht & Pow * 130 Mountain Sts Pow 7% pfd_100 Nat Elec Power class A 400 25 25 3,400 16,800 17,000 2,500 9 27 107% July 21 July July 75 45% July 75 July 13 22 38 75 8 22 22 24 23 25 300 100 '""150 '"""20 preferred 230 Nevada-Calif Elec 400 $7 preferred 83 92 25 94 95% 99% Sale 5,870 16 20 17 32% Sale 18 32% 39 81 % Sale 30 130 $6 prior lien 10 $6 preferred New 370 _* 1,250 pref-..-.—--* lien 200 625 N Y Power & Light $6 pref..* 175 875 """800 775 70,800 12,700 1,400 400 3,100 375 100 132 % Sale 250 25 "370 June 110 Mar. 85% June May 70 Apr. 78% June July 6 July 13 July 3 82% July July 20 83% July 21 104 46% Sale 9% Sale 1% Sale 4% 5% 1% Sale 2% July 16 135% 101 1 115 Sale July 15 July 23 July 31 July 2 70% July 22 117% July July July July July July July July July 68% Sale 66 80% 2% 84 103% Sale 3 Sale 64 83% 2% "2"" "3% 3% 12 2 % July 15 July 9 July 16 July 21 July 29 July 27 July 8 103 111% 135 Sale 125 27,900 Nor States Pow Corp com.100 1,857 7% preferred 100 2,850 6% cum pref 100 2,050 101 125 115 102 107 103% 107 96 % Sale 96% Sale 50 Ohio Power 6% pref 900 5% 2% 69% 84 2% July 13 103% July 29 111% July 96% 10 31 30 8 July 97% July 102 110 111% July July 102% July 10 110 26% Sale * 50 Pacific Pow & Lt 7% pref.100 * 25,700 Pacific Pub Serv class A New 600 common w New preferred w i * 100 7% preferred 50 Penn Cent L & P 35 pref 50 3,000 19% Sale i 40 20 Pa Gas Ac Elec class A Sale Sale 7 9 July 28 July 10 10 17 18% 20 24 21% 9% 17% 21% 8% 17 .*! July 29 26 27% July 28 21% July 15 24 July 20 103% 100 103% 78 * :. 30 1,950 Pa Power & Light $7 300 ""900 1,300 100 100 100 10 12% 11% 52 June 25 97 Jan. 7) Piedmont 10 11,900 1,966 . A.*| *| 525 150 240 110 50 100 6% 34 6% 27% 106 32% 105 34 33% Pub Serv El & Gas $5 15 61 8% 18 15 27% 13 107 33% 24 July .*j Com 3100 par stock 1001 6% preferred 100 Preferred D : 99% Sale 86% Sale Rockland Light & 86 27 8 91 17 17% 16 17% 15% 60 40 50% Sale 93 260 Sierra Pacific Elec 6% pf__100 July 24 July 3 July 27 96 % 99 % July 9 July 17 40 86% 27 Sale 96 39 93 July July 28 2 July 17 94 93% 17% 6,600 2,000 11,500 32,700 29,000 Sou Calif Edison pref A 10 15 28% 26% 25 Preferred B 5%% prefclassC —25 5% cum partic orig pref..25 200 Sou Calif Gas Co 6% pref._25 Sale Sale 30% Sale 28% Sale 29% 28 26% 6 27 40 ""loo 200 Southern Union Gas 4,300 Southw Bell Tel 7% pref.100 T.SOO 750 jSou'west G & E 2,300 51,300 Southwest Gas 30 Springfield Gas Lt For footnotes see page 56. (Mass)..25 9 June Feb. 19 22% 19 20% 3 4 140 180 19 21% 19 3% 3 16 rlOO 3 % Sale 122% 2% 3% 92% 2% 16 200 July 24 269% Feb. 25 May 14 May 14 130 3 Feb. July 24 July 7 July 31 96% July July 9 July 17 32 26 91 -v Feb. 6 24 104% May 21 Mar. 21 100% Jan. 31 May 20 87 83% Jan. 21 42% Mar. 3 50% Mar. 7 98 29 July 29 July 8 July 92 90 14 50 Feb. 25 28% Mar. 19 8 Mar. 27 July 29 July 28 94 Mar. 3 June 17 100 May 28 18% Mar. 26 June Feb. 3 14 Mar. 27 2 60 July 60 July 36 June 60 Mar. 23 86 Jan. 93 June 31 July 20 29 28% 27% July 20 July 28 25% Mar. 43% July 19% July 8 Apr. June 24% Jan. Jan. 19 Jan. 3 June July July 6 155 July 2 122% July 2'" 94% July 27; 3% July 2 118% Jan. 92% July 2 6% 121% 125 94 % Sale 3 3% Feb. 2 104% May 25 Feb. 11 2 258 Jan. 3% 6 158% July Mar. 18 July 22 July 7 July 2 July 1 July 18 July June 1 201 103% May --.-156% 9 4 60% Mar. 20 93 60 July 24 2 Mar. 37% May 28 26% June 26% June 7% pref.. 100 Utilities 34 Feb. % Jan. 29 May 27 8 £51 6% preferred series A 2,800 Southern Colo Pow cl A... 25 100 7% preferred 100 45,900 Southern Nat Gas Co com... * 100 95 Southern New Eng Tel 300 " 32% Mar. 200 200 June 12 70% Mar. 6 51 26% Feb. 16 June 5 June 10] 31% Mar. 107 July 6 July 105 July 24 July 3 52% June July 7 July 2 July 15 July 6 July 24 104 25 14 14 June 19 2 July 2 July 14 July 7 125 Sioux City G & E 7% pref.100 "l",606 27 103% July 107 8 92 100 7,000 Shawinigan Water A How 21 20 Feb. 10 100 Power.. 10 96 % 98 40 12 Sale Mar. 13 Apr. 28% Feb. 11% Apr. 19% Apr. 109 90 16 106 Feb. 130 * com 29 28 101 103% June 100 100 prior lien 7% prior lien 9 July 27% July 111% July Serv of Oklahoma 6% Jan. 30 Apr. 8% Jan, 77.100 July 24 205% 5 July 24 Apr. 24 July 10 3 23 5 Sale 200 5 Mar. 13% May *( 201 Feb. 78 July 15 July 8 Mar. 23 Feb. 43 25 Seaboard Pub Serv $6 pref. 10 July July July July July Mar. 20 Jan. 100 200 Rochester G & E pref C 1,850 26,800 2 111% July 9 Mar. 20 July 4 % pref 94 9 Apr. 8 .... Public Service of Nor 111.. 5 Mar. 78 H.vdro-Elec Co Power Corp of Canada Apr. 21 June 36' 1,025 Railway & Light Securities.* 2,500 Rhode Isld Pub Serv pref...* 25 1,100 33 58 30 26% 106% 105 * 1,770 Puget Sound P & L 36 pf 770 35 preferred.^---..--.----* 475 Quebec Power Co, com * *""256 2,400 Sale 61 6% 25" "35" 105% *[ 25 June 25 100 American dep rets.. 300 Rochester Cent Pow 700 Sale Option warrants new.... Pub 325 305 30 34 52 5 105 15% June Jan. 20 ......50, 50 Pub Serv Colo 7 % pref 4,200 1,425 1,375 59% 21% Sale 25 8% Mar. 10 3% Mar. 19 Jan. 103 Sale 17 108 110% 61 16 2 Feb. Mar. 8 20 July 9 July 9 July 3 103% July 3 July 23 July 23 78 ♦! ...* .lan. 100% Feb. 18 May 12 10 *, $6 Preferred 20,100 Pa Water A; Power 32.300 Peoples Light & Power c! 1,800 Philadelphia Go new com 150 Phila Elec Co $5 pref.. 500 Phila Elec Pow 8% pref 75 Phila Traction Co 400 pref 6 118% Mar. 13 1 15% Mar. 10 1 3% Mar. 10 25% May 25% Mar. 100 Pa Ohio Pow & Lt 7% pfd.100. 150 6 13 23 31 29 89% Mar. 16 2 June July 22 Mar. 13 14% Apr. 101 Apr. 105 July 117 July 95% May 1% 4% 1% 63% 102 22% 22 6 6 111% 104% Jan 101% June 30 107% 106 Apr. 29 110 23 Apr. 27 45 July 24 July 15 July 2 29 29% 29% Jan. 99 19 141 109% Feb. 24 113 Jan. 17 108% 103 114 May 29 152% 2 109% Jan. 101 9 101 95% Feb. 2 June 6 16% Sale 102 9 750 Peninsular Telep Co com 50 29% 26% 11 Feb. 83% July 21 71% June 26 69% July 31 3 June 85 80 Apr. 24 9 4% Mar. 17 2% June 6 Jan. 28 104% Feb. 94 July July 29 3 123% July 20 108% Sale 109 77,200 Pacific Gas & Elec 1st pf._25 3,400 5%% 1st preferred 25 1,100 5 86 Jan. 94 100 825 Pacific Ltg Corp $6 pref 11 5 Mar. 18 46% Jan. 113% Jan. 9% June 30 3 3 1 150 Oklahoma Nat Gas pref. .100 9,400 2,200 Feb. 87% Mar. 16 16 i09% Jan. 13 95 May 29 9 4 Utilities. 123% 119 119 230 Ohio Pub Ser 7% 1st pf A.100 900 Oklahoma Gas & Elec pref 100 50 July 31 44 30 109% Mar. 19 Jan. 6 12 103 Feb. 9 25 75 Mar. 30 98 101 10 Northwest Util 7% pref... 100 225 40 5 110 June 130 7... . 16 June 78 July July 15 101 July 27 105 July 2 117 66 74 71 66' 70 116 116% 117.% 116% Sale 10% 10% Sale 11% Sale 2 2 1% 2% Sale 4% 4% 4% 5% Sale 1% 62 60 10.North Boston Lighting com.* 3,170 Nor lnd Pub Ser 6% pref..100 450 7% preferred 100 400 Nor'west States 79 82% 175 Nor N Y Utilities 7% pref.100 "200 1 12% May 14 Apr. 25 3 40% June 14% Apr. 117 18,000 N Y Steam Corp com * 5,675 N Y Teleo6H% pref.....100 1,535,683 Niagara Hud Pow com 10 182,383 Class A opt warrants.. 39,900 Class B opt warrants 14,300 Class C warrants 7,250 North Amer Light & Power.* 725 $6 preferred * 8,300 Nor Amer Util Sec com.. • First preferred 31 25 81% 101 7% preferred 100 20 N Y & Richmond Gas 6% pf 500 24 July 21 104% Apr. 9 21% Mar. 19 3 92 July 13 101% 131% 100 7% preferred. Jan. 70 71% June 26 1 95% June preferred. 4,350 New Engl Telep & Teleg__100 275 91 Jan. July 100 New Orleans Pub Serv com..* 25 8 6 97 81% July Sale 82 Apr. 103% July 9 17% July 22 July 31 30 n 26 31 July 81 1 9 3 July 40 Ingl Pub Serv $7 trior May 27 July 22 June 16 31 90 79% Sale 25% Apr. 30 69% Mar. 21 7 93% Jan. 70 31 101% ..100 6% preferred 11 87 July 240 New Engl Power Assn com. '""930 Feb. 31 July 70 99% July 16 July 40 July 70 Sale 99% Sale 16% 17 40 Sale 40 45 100 com Feb. 11 June 25 12 107 21% June 22% 21% 70 * Nat Public Service com cl A_* Common class B * 950 $3.50 conv preferred * 1,475 7% preferred -_100 50 Nebraska Power Co pref._ 100 cum Mar. 3 Feb. 21 June 18 149% Apr. 144 Nat Power & Light— {6 10 101 2% 15 3% 15 17 25 Jan. 99 3 July 3 107 26 24% 25 __10G ..100 6% preferred 12% Feb. 11 24% June 22 43 • 7% preferred Mar. 10 35 5 2% Jan. 81 June 23 84% Feb. 19 9 105% Mar. 24 108% July 107 Feb. 5 109 Apr. 16 100% Jan, 19 107% Apr. 11 40 Mountain Sts Tel & Tel--100 3,200 June June June July 7 1 9 108% July 108% July 115 108 pref.* 5,325 10 4 Feb. 6 June 26 7 29% June 27 4 % Mar; 25 May 14 100% July 13 25% Mar. 10 June 3 96 Yiouoiigahela West Penn 150 June 27 13 3% Jan. 3 30% May 25 8% May 21 9 8 July 24 17 Apr. 21 6 1 % Apr. 27 lien. 100 Mohawk & Hud Pow 1st 6,125 1,150 50 July 7 10% Sale Sale 23% 3 26% July 13 100% July 18% July 94% July 1% July 1% July . 150 Minn Power & Lt 7% pref.100 240 Miss River Power pref 100 550 9 8 29 99% July 16% July 94 July 17% Sale July 13 3 26% July 4 July 33 July 9% July Midland Nat Gas partic A. 9,700 100 Sale" 17H 17% Sale .. 59,350 Mid-West States Util class A * 19,950 Highest. Sale Prices. 26% July 4 July 33 July 8% July pref ser A new... conv Lowest. Sale Prices. 5 2 5 3 5% $6 pref series C Middle West Util com 356 Highest. Sale Pric&. £1 Metropolitan Edison Co— 50 29,200 Lowest. Sale Prices. July 31. July 1. Ask. Bid. Par Marconi Wlrel Tel Ltd Bearer shares 2,000 2.Q00 Mass Pow & Light Assoc com. Preferred 1,300 15,900 Mubs Util Associates v t c_5% conv preferred 50 1,025 53,300 Memphis Nat Gas com 100 2 1931. 1. Shares. Shares. 1. JAN. f Price Jan. CURB EXCHANGE Since SINCE RANGE PRICES IN JULY. SALES. AGGREGATE July EXCHANGE CURB YORK NEW 48 July 11 July 31 May 4% Mar. 2% June 48% June 3 104% Apr. 22 31 July 20 29 May 9 May 14 ilH ma Jan. 9 June 8 June 8 24% Mar. 20 May 27 2 9% Apr. 6 161% Mar. 104 4 Mar. 122% June 17 Feb. 97 6% Feb. 48% Tnnn 7 25 1 NEW AGGREGATE CURB YOEK EXCHANGE SALES Jan. PRICES IN JULY. NEW YORK CURB EXCHANGE Since PUBLIC UTIL. (Concl.) Par 11,000 Standard Power A Lt com..* Class B common 7,900 * Bid 32 % 37 95 Preferred 2,750 1,700 Standard Pub Serv class A * 3,500 Swiss-American Elec prof. 100 .... 250 Tacony & Palmyra Bridge 11,900 Tampa Electric Co Teun Elec Power .July 1. Ask Bid. 40 50 98 % 98 July 31. Ask. Bid. 100 30 97 34 % 36 98 1 2% 2% 1 Lowest. Ask. 32 37H 39% 30% 30% 90 Toledo Edison 6% pref 7% preferred 100 Trl State Tel & Tel com Sale 32 Highest. Prices. 44% 46 July 15 July 15 July 14 33% 33% July 20 July 20 July 14 30 99 81 July 24 85 July 44 July July 32 4354 44% 6 45% 2 109 60 13 7,800 Twin States Nat Gas part A.* 110 July 2 110 Union Natural Gas of Can..* % 15 14% ""% * 10% 10% 9% Sale Sale * 7% Sale 86 Sale 2% Sale A_._* 235? Sale 2 % Sale 22% Sale 6% 80% 2% 19% 90 91 89% ...... Warrants Class B 7 Sale 80% 82 * 1st pref. United Pub Service Co com.* 300 United Rys & El Bait com..50 247,100 U S Elec Pow com with warr, 8,200 Stock purchase warrants.. 950 Utah Power & Light pref. 100 300 Utlca Gas & Elec 7% pf.._100 330,200 Util Pow & Light com * 41,100 Sale 11 10% Sale warr United Gas com $7 preferred... cum Class B v t * c 94 10 6 4% Sale 1% IX 98 91% 5% 1% Sale Sale 3% 105 105 9% Sale 23 K Sale 475 7% preferred 100 450 Virginia Pub Serv 7% pf._100 4,025 West Massachusetts Cos * 1,250 Western Power pref July 14 8% Sale 25% Sale 10% 9% July July 1-32 July 9% July Sale 5% July Sale 80% July 2% 2% July Sale 19% July 43 July Sale July 6 July 3% July Sale 3% July 1 July 104% July 11 2 30 11% 7 1-32 10 3 15 7% 30 85 8 2% 15 23% 21 44% 7 6 8 30 3% 30 5% 8 1% 14 105 107 8% 18 100 53% Sale 99 103X 100 Sale 21% 8% July 1 9% July 7 25% July 151 83'" 100 July 8 100 56% July 3 56% 106% 105 July 23 105 21% July 16 21% 24 166% 104% 102 30 Wisconsin P & L 7% pref. 100 STANDARD June 2 Sale Prices. 2 50 July 97 June 8 101 May 4 77 June 17 Mar. 10 Feb. 26 49% Mar. 23 15 Mar. 6 Mar. 2 Mar. 20 95 4 Mar. 38% June 4 107% June 22 no 20 June 24 70% 108% Jan. 20 112% 101% June 30 110 110 May 22 110 July 14 % 82 100 Western P L & Tel class A...* 50 West Tex Util $6 pref * I FORMER 1. Highest. Prices. 32 10 1% Sale United Corp warrants 86 July 22 July 15 July » 90 Union E L & P (Mo) 7% pf.100 com 6 1" 100 United Lt & Power Sale 99 108 80 United Elec Serv purch American shares JAN. Lowest. Sale Prices. 44 47 % Stl< * 7% pref.10 125 Tex-La Power 7% pref JfKi 225 Texas Pow & Lt 7% pref..in 27,200 190,245 62,400 3,200 2,330,350 57,800 153,000 979,500 7,700 34,700 1,100 SINCE 2 1931. Shares 525 RANGE Price Jan. 1. . 49 24 Feb. May 25 18 5 Feb. Mar. Mar. 18 May 22 Feb. 3 10 Feb. 3 % July 14 2 Jan. 23 103% May 9 June July 7% June July July 7 l-32May July 3 8% June July 6 4% June July 3 74% June July 1 1% June July 1 17% June 43 July 21 July July 14 84% June 6 Jan. July 8 July 34 3% July July 1 3% May July 1 % May June July 3 104 103% Feb. July 2 6% Apr. 20 July 2 Apr. 82 July 8 July 96% Jan. July 8 51 % June July 3 98% Jan. July 23 July 16 21% July 93% Mar. 101% May m Mar. 9 5 Jan. Mar. 19 nJan. Feb. 10 3 11% Jan. 23 12 Mar. 12 94 4% Jan. 23 34% Feb. 27 3 169% Jan. 104% 6 Jan. 9 20 Feb. 26 Mar. 8% Feb. 27 2% Mar. 3 108 Mar. 31 105 Apr. 24 14% Feb. 26 31% Mar. 6 92% May 21 100 10 Feb. 62% Feb. July 21% July 93% Mar. 101% May 27 105 23 16 11 22 OIL SUBSIDIARIES 2,250 Borne Scrymser Co 25 4,600 Buckeye Pipe Line ..50 3,800 Chesebrough Mfg... 25 1,350 Cumberland Pipe Line 50 1,100 Eureka Pipe Line.........100 7% 42 115 21 25 3,000 Galena Oil Corp 125,000 Humble Oil & Refining 25 185,200 Imperial OH (Canada) * 9,500 Registered * 14,600 Indiana Pipe Line 10 18,400 National Transit 12.50 7,400 New York Transit ......10 1,300 Northern Pipe Line ....50 1% 65 Ohio Oil 6% cum pref....100 Penn Mex Fuel 25 Socony Vacuum Corp Solar Refining new w i 25 Southern Pipe Line.......10 South Penn Oil ..25 900 So West Pa Pine Lines.....50 917,800 Standard Oil (Ind) „_25 157,287 Standard Oil (Kentucky)..10 6,900 Standard Oil (Nebraska)...25 20,500 Standard Oil (Ohio) com..25 3,220 5% cum pref 100 800 Swan A Flncb Oil Corp 210 7% 650,900 Vacuum 600 1,700 10,500 800 8,300 99,000 900 1,200 400 7,600 800 200 2,600 14,600 ...1(1 100 55,800 34.000 16 200 1,900 4,200 100 8,700 22,200 1,500 300 Sale Syndicate com ..25 Oil Corp common....* 1 IX 5 Preferred 5.000 400 2,900 18,200 1,300 * * Darby Petrol Corp Derby OH 8c Ret com Preferred .25 A ._..* Class B 4,900 For footnotes see .* • ...5 40 101 45 25% July 91% July 12 July 18% July 13 H July July 15 July 31% July 28 July 19% July 25 July 43% July 102 July 3% July 11 July 47 July Jan. June 20% Jan. 24 June June 18* 129% Apr. 30 25 July 80 June 20 5 15 7 21 30 102% 15% 18% 13% Apr. 17% July 3% June Feb. 14 Jan. 13 Jan. 10 June 30 17 July 38 Apr. 14 June 38% 23% 36% 62% Jan. 7 10 Jan. June I** 14 13 3 23 25 July 20 Apr. 17 12% 31% 19% 15% llK Apr. 16 21% Feb. 17% Mar. 23 14% Jan. 15 8 100 Jan. 31 7V" Feb. Jan. i§* Jan. June June 10 26 30 Feb. June June 31 17 21 20 8 IVA Mar. 27 Jan. 49% June May July July July July July Sale 4 Sale 6% % % % July 17 3% July 29 3% July 24 6 July 7 % July 24 % July 22 % 3% 3% 3% Sale Jan. May June June July July 27 Feb. 13 Jan. 7 Jan. 6 106 Apr. 20 7 3% Jan. 11 July 7 9 69% Feb. Mar. 22% June 6 6% % % % 2 6% % 2 1 July July July July July 1% July 4% 4% 6% % 11% 11% 1% 1% 12% 12% Sale Sale 10% 11 11% 1% Sale 1% 1% 10% July 4% 5% 2% 4% 3% Sale 65% Sale" 14 Sale 38 60 Sale 13% Sale Sale 14J Sale % _% o 24 "3 10% 10% 11 % 11% Sale Sale 3 2% 30 % 5% Sale 3% 3-16 Sale 3% 3% 2% 1 Sale 4% Sale 21% Sale 1% Sale 4 4% 4% 11 % % 15% Sale % Sale 3% 4 4% Sale 3 4% Sale Sale Sale 2% 3 % % 4% Sale % Sale 4 Sale 3% Sale % 2% 50% July 7-16 Sale 12% Sale 2% % 5% 18% % 1% 4 3% July 1% July 1 July 2% July 2% July % July 3 July 2% July 10 5 19 % 1% 4 19% Sale ,2% Pacific Western Oil Corp Pandera OH Corp * 2% % ♦ 6% • * Pantepec Oil of Venexuela..* Petroleum Corp of Amer—1 5-16 1% Stock purchase warrants.. % 17 3% Sale Sale Sale Sale 1 Sale 1% 1 5% 1% 1% 6% 3-16 Sale % Sale % ]>% 11% Sale 1 .100 2 Sale Sale 1% 2% % Sale 5% 5% 3-1G Sale % % % % 9% Sale 1% Sale 65% Sale "i% SaleT~I% Sale" 8 2 3 2 June 7 Jan. % Feb. 18 1 Mar. 24 22 3% Apr. 8% May 21 Apr. 20 % Jan. 22 % June 1 7 1 1 July 22 July 3 July 29 July 3 July 1 15 9% July 24 July 29 3-16 July July 2 July 1% July 11 15 % July % July 5 July 15% July 3-16 July 63 July 3 10% July 2 10 July 29 7-16 July 12% July 1 July % July 5 July 18% July 5-16 July 2% July % July 4% July % July % July 3% July 18% July % July* 1 May 6 % May 27 2 May 19 2% May 27 26 May 8 38 July 24 July July July July 4 July 19% July % July % 5% % % % July 23 July 7 July 1 60% July 6 9 1 : July 28 1 % July 6 July % July 1 July % 12% 1 % 69% 2 6 2 6 July 15 July 1 July 25 July 9 1 % July 2 16% 10% 2% 3% 8 4 Jan. 2 Apr. 23 Feb. 16 Mar.25 7 % Feb. 6 2% Jan. 8 3% Jan. 26 15 Jan. 9 3% June 25 % Feb. 13 5 Feb. 13 6 Feb. 13 40% Mar. 24 June 2 9% June 8 9% June 8 9% July 24 9% June 2 16% Feb. 16% Feb. 10 10 9 9 76 .Tan. 3-16 July 11 8% June 2 % Jan. 15% Jan. 13 Mar. 10 13 % % 3% 14 % % May 13 Apr. 22 May 29 May 8 Jan. 8 Feb. 14 1% Jan. 29 2 May 20 4% July 4 July 3 July 14 July 30 July 10 July 22 June 29 2 2% % 3% % % 3% 16% % 2 % 5% % % 3 1 3 3% July 3 3% July 29 June 1% Apr. 23 Apr. 17 1 % July 2% 3% % 3% 3% 1 % Mar. 6 6% Feb. 17 6% Feb. 17 % July 10 9% Sale 9% 12 Sale Sale 1 1 July 1% July 35 rs % 4 18 6 1% July 1% July 1 % 4% Sale 56% Sale 12 19% Sale 3 2% % 5% 12 11% July 10 2% Sale 31 17 % June 3% June 5% May 28 ...10 Texas Oil North European Oil com 2% 5% 3% Sale * North Cent page 56. 102 Sale Registered Shares.. 2,300 1,400 30,600 24% 18% 24% 42% 1 4 I err Ilium Oil Co Non-voting class 75,800 National Fuel Gas 33,700 New Bradford Oil 600 New England Fuel Oil 59,900 72,000 14 25 % ....* 35,300 Mountain Producers Corp.10 16,800 9,600 340 11 32 3% Sale ..... Gulf Oil of Pa Class A vot trust ctfs 25,900 * Class B vot trust ctfs.....* 20,200 285,600 Mo-Kansas Pipe Line.. 5 Class B v t c 74,100 ..1 5,400 Mountain 8c Gulf OH......! 12,100 12 1% Sale 1% Sale • 12,200 Petroleum » 75,100 Leonard Oil Development..25 7,800 Lion Oil Refining..........* 126,541 Lone Star Gas.... 179,800 Magdalena Syndicate • 4,300 Margay Oil ...» 13,300 Mexico-Ohio Oll Co 6,400 Michigan Gas & OH Corp!..* 600 6% May 45 120 66% 13% 12% 12% 13% 25 July 87% July 10 July Sale 17% July Sale 4% July 11 12% July 12% July 14% 37 31% July Sale 24 July Sale 17% July 27 23% July Sale 41% July Sale 100 July 3% 2% July 11 July Sale 39% July 3% Sale Kir by 5,800 496,400 53,7©0 234,100 35,400 July 11% July 12 July 11% July 12% July 100 Creole Petroleum Corp Crown Cent Petrol Corp 400 Nor Amer Oll Consol 22,600 55 28 2X Sale 2% Sale Middle States Petroleum— 2,200 1,900 18,000 3,700 1,000 1,800 July 23 July 17 July 3 23 July 24 25% July 24 10% 17% 4 42% Sale 10 Sale Sale ...1 Cosden Oil Co common.....* 275,700 Intercontinental Petrol...16 453,300 Internat Petroleum com ■ 102 2% July July July 21 July 25% July £1 Columbia Oil & Gasoline— Vot trust ctfs.. ......* 1 i«i.!in(i 27,000 9,900 100 50 25 Honolulu Oil Corp Ltd 1,200 Sale X Sale 5% Sale 5% Sale 6% 7% 8,700 Consol Royalty Oil 36,000 1,000 93,400 20,700 6,300 33,100 1,175 181,200 10 Sale • Coupon stock (bearer), Registered shares..... 157,400 Carib 72,500 Colon 90 11 * British-American Oil Co 8,400 2,800 25% 12 16% 17% 5% Sale 7 44 120 8% 89 15 "535? Sale" 13 30 11 25 27 10 31% Sale 26% Sale 18% Sale 25 28% 42 43% 101X 104 3% 7 22 29 25% 3 1% 60% Sale 11% Sale 12% 12% 84 20 "48"" "54" 1?* 115 25 36 36 X Sale 21 Sale » ... 100 400 19 32 8% 10 8 46 110 OIL STOCKS. 197,200 American Maracalbo 71,400 Arkansas Nat Gas com 373,800 Class A 24,800 Preferred. 4,600 Atlantic Lobos Oil c* 9,100 Preferred 4,400 36,300 5X 9% ...25 Oil OTHER 6,000 25 preferred..... 30 3 Sale 12% Sale 12% 13% 11% 12% 12% Sale 8 8% .... 12,500 4,500 2,800 17.20Q 6,800 46,900 8% 45% 117 24 June June June Jan. Feb. June 20 1 3 12 13 19 June 3 June 23 Apr. 15 6% June 11 1% May 25 % Jan. 2 5 June 29 4% Jan. 1% Jan. 7 % % 5% 26% 1% 2% Jan. Jan. Jan. Feb. Jan. Apr. 6 8 9 10 7 9 6% June 11 3% Feb. 10 2% Mar. 19 19 3 9 8 Jan. % June 23 6% May 29 % June 10 31 11 2 59% June 8 1% Feb. 24 24 Jan. 4% Apr. 30 8% Jan. 12 15 17 Jan. % Apr. 5 3 June Mar. 10 1 % Feb. 25 1% Mar. 12 6% Feb. 4 % June 16 % June 1 1 9 Feb. 20 H Feb. 9 Feb. 21 1% Jan. 9 Feb. 21 4^ Jan. 83% Jan. 2% Jan. 1% July 3 9 10 2 EXCHANGE CURB YORK NEW 50 Jan. July Bid. Richfield Oil of Calif pref__J5 800 41,800 1,200 3,700 12,400 4,700 5,600 56,000 Salt Creek Producers "",300 10",500 16,400 2,000 1,000 Root Refining cum pref Royalty Corp pref * 10 3% * 2% Ryan Consol Petroleum Salt Creek Consol 300 21.400 .10 6% Sale v* 7 * MINING 3,850 500 ~8", 300 2,400 40 13,800 500 900 1,900 2,000 % 1% % Sale 1 2 % July July 1 10 2% July 4% July 15 5% July 13 July 15 1 % July 7% July July 27 9 25 5% July 25 2 % July 1 IA Sale % July July A July 20 1 "4o" 33% July 13 2a ia 1 Sale 5 4% Sale Sale 8 Sale 16% Sale 3% 4% lVs 5 5% 4% 3% 4 Sale 5 ia 8a 15 la 7a 14 A 15 "9",900 500 2,000 700 9,200 300 "166 500 400 9,000 100 5,200 15,100 Sale a 2% a Sale a % 13-16 1 2% 2 5 34 Sale 46 1% Sale 2% Sale a 1 '2% 100 1,000 15,906 600 70,200 "% ""a 1,200 1,000 47,600 1,200 300 9-16 Sale 1% 1 $ Sale^ ...5 "~7% Sale ...25c Holllnger Consol G M 135,000 Hud Bay Min 8c Smelt.... 3,000 Iron Cap Copper. l« 200 Isle Royale Copper Co 25 500 Kerr 2,500 Kirkland Lake G M Ltd 3,600 Lake Shore Mines Ltd London Tin Corp Ltd— 200 Amer dep rets, ord reg 6,071 Lucky Tiger Comb G M II,400 Mining Corp of Can 1,800 Mohawk Mining 10,500 Moss Gold Mining Ltd 22,200 New Jersey Zinc. 116,500 New Mont Mining Coro 3,100 N Y & Hond Rosario M 36,400 Niplsslng Minos. 295,700 Ohio Copper 41,120 6 A Sale Sale 4a 23 11 % July 2% July 15 1 2 13 11 % June % June % Jan. 2 6 7-16 Feb. 2 July A 7-16 5% 6a "a ""a a a Sale "5% "6 6% 6% 4% Sale a 1a 5% 3a % 6% 4% 1a 5 3-16 A 3-16 ... a 3-16 % July 9-16 July 13 % % 5% 5% 3% July July July 26% July 5 5-16 43 a 10 1 Sale 11 Sale 10 10 a 12 Sale A Sale 1 % I 3% A Sale Sale 10% 2% 15 10 1 Premier Gold Mining 500 Quiney Mining 25 13 a Sale % "3" Sale 5 18,400 So Amer Gold & Plat.. 1,000 Standard Silver Lead 1 1 600 Sylvanite Gold Mining 150,700 Teck Hughes... 1,100 Tonopah Belmont Devel 2,900 Tonopah Mining 229,000 United Verde Extension i 15-16"! 6a Sale A Sale 1 1 5 8 Sale 1,700 Utah Metal & Tunnel.. I 5,300 Walker Mining 1 68,000 Wenden Copper Mining....1 2,700 Wrlght-Hargreaves Ltd.. * ...5 2,700 Yukon Gold Co 3 a 2A 1% 6a 11% Sale 4a 5 2 Sale 8a "i 5 Utah Apex 11% A Sale 1% Sale a a 1 Sale ia % Sale 5-16 A 27 30 10 11 1% 3-16 Sale 1 2% 4% 8% 14 A Sale 10 8A A Sale 3a 3% 1% 1a A Sale 6% Sale 10 9 1% a !% Sale 5-16 July 5-16 July 20 40% July 26% July 10% July 1 July 3-16 July 15 29 13 11 15 1 6% Mar. 21 1 % Mar. 2 4 May 5 3-16 Feb. 17 % Mar. 24 28% Apr. 7 8% Apr. Feb. May 20 3 1% July 1A July 1-16 July 1-16 July 10 22 11-16 July 31 6% July 29 1-16 July 22 1 13% July 1 July 5-10 July 1 July 22 15 16 1% July % July 1% July % July 2 July % July ' A July 2% July 5-16 Sale 14 6 4% 14% 1% 6% 18% June 12 2 9% Juno June 26 4 a July 21 9-16 8 Jan. 2 3 Apr. 15-16 Jan. 24 3 13 6 22 31 6% Jan. 2 1-16 Feb. 20 6 4 14 25 31 19 24 9 Apr. Alar. 31 Apr. 13 June 17 1-16 July 9* June 20 Apr. 6 % June 16 2 % Jan. 13% Mar. 6 % 5% 1% % % Jan. 26 8 June Mar. 31 May 28 2 7-16 Jan. 1 June 15 IS 2 % Mar. 18 1% Jan. 12 % Feb. 14 7-16 3* % July 17 2% May 26 22 3 I-16 July II-16 July 4 14 Mar. 20 3-16 Jan. 26 Mar. 6 6 5% Mar. 17 7% June 19 1-16 Jan. 22 % July 31 6% July 1 % July 22 8% July 9 22 3% Mar. 3% Mar. % Apr. A May 16 2% Mar. 1% Jan. 16 15 May 20 20% Apr. % May 25 11 16 Apr. Jan. 51 35 Apr. 27 23% June 17 58% Feb. Mar. 12 10% Feb. 17 1% Mar. % June 12 a Feb. A June 10 % July 3 4% July 21 11% July 7 3-16 July 20 4% July 3 July July July July 3% July Feb. Mar. 11 8 4 June % Jan. 2 May 11 Mar. July 7 35 July 7 10% July 13 1A my 2 a July 1 % 4% 8% 1-16 10 7 29 16 28 7% Mar. 30 1% Mar. 30 3% Feb. 27 % Feb. 27 % Jan. 23 24% Mar. 43 27 2 2 7% Jan. 1% Jan. 30 1% Mar. 16 5 a July 22 3 3% June 13 25 Feb. 11-16 Jan. 13 4 Fob. 3% Jan. Jan. 10 May 1-16 Jan. Jan. 144 1-16 Feb. 4* 11 2 1% Jan. 2 2% Jan. % Mar. 30 June 18 10 ...5 41a 31% >u 4% Apr. 24 % Mar. 18 % May 13 4* % July 10 % July 7 7 25 % Jan. July % July 29 6% July 15 6% July 14 5 July 2 July Jan. 1% Jan. 3% Feb. 2% July 44% Mar. May May 1 July 11 5-16 Jan. 14 ~ 5% July 27 % July A July % July 5% July 30 % July 16 % July 13 1-16 July " Jan. 2 Feb. 24 Feb. 13 Jan. 9 May 86 July 20 108 % July 7-16 July 7% 5% 12% 24% 53 19 1-16 Jan. 26% July 25 1 25 10 10 Feb. 13 June 11 4 i»i6 May 4 24% June 20 July 23 1 % July % July 2% July o 7% Jan. June 16 1 July July 1 98 97 1 1 16,600 Roan Antelope C Mines Ltd.. 314,900 St Anthony Gold Mining...! 37,200 Shattuck Denn Mining * 5,300 Sale Sale 6 3 A ..........5 Luke 2A 1 Goldfield Consol Mines Hecla Mining Co 6 % Sale A Sale 1% 42,100 Falcon Lead Mines....... Golden Centre Mines Sale ia a 5-16 5 June 11 Jan. 27 3% Jan. 31 3% Jan. 15 3 Feb. 10 1% Jan. 10 11 26 29 30 18 26 7% May 20 13% May 15 11 Jan. 7 % May 25 1% Jan. 2 % May 11 July 2: 36 4 1 8% July 23 July 1 A July 2% July 2% July May May Jan. June June 2 May 25 3% May 25 17 2 Sale Prices. 1% 1% 1% 1% % 5 4% 20 Gold Coin Mine* % a A Sale 1 7,100 Eagle Plcher Lead Co.. 25,000 Engineer Gold Mines Ltd 99,500 Evans Wailower Lead 1 a Sale 300 United Zinc Smelting """266 "2a ~~2m 1 400 Silver King Coalition ~i",io6 Sale a 1a 1A Sale a a 90 6 25 Range Co. Pacific Tin special stock....* 500 Pond Creek Pocahontasj.__* 2,200 80,300 2,500 2 20 6 Highest. Prices. 43 190 Consol Min & Smelt Ltd—25 98,600 Cresson Consol G M & M 117,300 Cusl Mexicana Mining 2,600 3,700 A July STOCKS American shares 8,700 1,500 Carnegie Metals 10 1,400 Chief Consol Mining 116,400 Comstock Tun & Drainage 10< 67,000 Consol Copper Mines 1 I,800 Consol Cortez Sliver Mines 7,500 83,500 32,400 30,500 45,800 July 21 2 Voting trust certificates. 900 Copper ll",400 Sale 21 Bwana M'kubwa Cop Min— 200 Lowest. Highest. Sale Prices. Prices. July 2 5 2% 2 1a Sale 10 Bunker Hill & Sullivan... .10 225 w Sale 2% Sale 8% 9% 21% Sale 5 80,100 Venezuelan Petroleum 2,900 Woodley Petroleum Corp.. Y" Oil & Gas Co * 32,300 300 Arizona Commercial... 275 3% 1% 1 700 Shreveport El Dorado 25 87,200 Southland Royalty Co.....* 5 193,300 Sunray Oil ...* 19,700 Texon Oil & Land Co 14,900 Union OH \ssociates_._...25 10 Universal Consol Oil "3", 200 7% Ask. Ask. Bid. Bid. .... 10 Oil Ask. Lowest. July 31. July 1. 1931. 1. OTHER OIL STOGKSCConcl.) """loo 2 Jan. Shares., Shares. 1. since jan. Price NEW YORK CUR71 EXCHANGE Since In range prices in july. aqqbeoate sales. Mar. 31 June 26 June 26 Feb. Feb. 16 28 May 14 Apr 20 100% 99% 99% 104% July 22 105 July 19 18 17 13 105% Apr. 101 Apr. 24 BONDS 16^000 445,000 32", 000 105,000 175,000 67,000 3,000 218,000 1942 1967 1967 1956 32,000 Abbott's Dairies 6s 3,082,000 Alabama Power 4 Hi* 1st & Ref 4%s new 605,000 332,000 576,000 1,554,000 842,000 45,000 1,946,000 24,000 24,000 66,000 88,000 49,000 965,000 23,000 113,000 67,000 313,000 378,000 5,803,000 206,000 347,000 295,000 82,000 2,487,000 627,000 1st A ref 5s Aluminum Ltd 1968 103 104 Amer Commonw .' 1953 Am Community Pow 5 ms 1953 Deb 5%s Amer & Amer 77 Sale l6o 99% Sale Sale Sale 104% Sale 64% Sale 66 Sale Sale Sale Sale Sale 100% Sale 67% Sale 68% Sale 99% 99% July 87 July 67% July 104% July 100 July 105% July 100% July 10 9 105 _ 185",000 804,000 523,000 1,000 436,000 11,000 8,000 31,000 172,000 42,000 849,000 3,000 141,000 929,000 38,000 665,000 115,000 "4",000 '242,000 282,000 67,000 13",066 1948 1,091,000 4% notes 1933 1,294,000 ,1936 238,000 Amer Seating 6s 1936 25,000 Amer Solv & Chem 6s 6 Ms without warrants. 1936 14,000 1,004,000 Appalachian El Pr 5s 1956 Appalachian Gas Corp— Conv deb 6s —1945 5,578,000 Conv deb 6s series B 1945 3,172,000 s f 58.... 158,000 Appalachian Power 6s—2024 1956 2,927,000 Arkansas Pr & Lt 5s 5s new. —1956 11,000 19,000 Arnold Print Works 6s—1941 101a Sale Sale 105% Sale 105 91a 96 % Sale Sale 106 Sale 100% Sale 85 Sale 93% Sale Assoc Dyeing & Printing— 6s with warrants 1938 82,000 1953 4,280,000 Associated Elec 4% a 113,000 A8SOCG & E conv deb4%sl948 6s without warrant#...1948 461,000 5s -1968 9,992,000 5s registered 15,000 >.—1968 1,819,000 5.^s II--1938 4%s series C I—1949 6,789,000 5 Mis U..1977 529,000 Conv deb 5s 1950 6,985,000 1,169,000 Assoc Rayon Corp 5s 1950 18,000 Assoc Simmons Hard 6 %s 1933 9,000 Assoc Telep Co Ltd 5s...1965 1,479,000 Assoc Tel & Tel 5 %s A...1955 1944 2,844,000 Assoc Tel Utll 5%s 6s 1933 115,000 19,000 Atlantic Fruit & Sugar 8s 1949 ...1943 108,000 Atlas Plywood R Ma - .... . - 81 Sale 64% July 70% July July 28 July 31 July 17 61 % July 57 61 81 July July 58% July 25 July July July 59% July 25 July 25"" Sale July 15 104% July 103% Sale Sale 64 a 55 f Sale 58 Sale 56% July 31 69 July Sale 48 Sale 45 July 31 57 July 66 49As Sale 97% Sale 85 Sale 100% Sale 20 84 Sale Sale 100% Sale 100% Sale 22% 84% Sale Sale 103 2 94 27 100% Sale 104% Sale 1 85 81 93 58% Sale —- For footnote* see page 56. July Mar. Feb. Apr. Jan. Jan. Jan. July July 60 June 57 July 61 July 79 60 June 10 1 31 81 22% July ,31 86 July 17 July July 71 Sale 69% Sale Sale 65 63% Sale 63 Sale Sale Sale 87 Sale 68% Sale 71 Sale 57% Sale 65 91 Sale 61 64 68% Sale 67% 66% 60% 61% 74 61 July July July July July 82 July 66% July 35% July Sale 61% Sale 82% Sale 66% Sale 35% Sale July July 27 2 66% July 20 67 July 2 65% July 2 90 July 2 72 July 2 57% July 2 81 Sale Sale s62 Sale 84 88% 84 Sale 100 Sale Sale 101% July 87 July s83% July "99% "Sale 99 July 50 July slOl %July 89 July 27 87 July 3 3 17 101% July 8 6 3 July 10 8 55 2 Jan. Jan. 9 7 31 8 25 14 27 97 Jan. June 94 62 June 70% July 7 101% June 96 May Apr. 3 108 8 102% Apr. 17 11 Feb. Apr. 4 6 June 8 97% 98% 89% May 21 55 Jan. 3 70 56 25 June 24 24% June 30 55 99% Jan. 30 104% 70 89 75 June 24 Feb. 25 Mar. 24 Mar. 3 May 14 Feb. Feb. 10 3 Feb. 3 106% May 25 95% Feb. 2 102% May 21 100% July 30 100% July 31 86 July 23 s83 Jan. 22 101 17% Apr. 22 1 81 July 31 94 Mar. 82 Mar. 4 4 14 80 May 5 61 67% 66% 60% 61% July 16 July 20 July 31 June 26 June 11 66% July 31 35% July 31 78 22% July 6 Jan. July 28 s May May 84 72 63 7 Jan. 64% July 70% July 83% June 70% Apr. 101 July 48% June 43% June 104% July 14 104% July 100% July 101% July 9 100% July 30 100% July 31 July 23 85% July ~ 86 20 77 83 June 8c Light warrants..2016 Radiator deb 4 Us 1947 without Deb 96% 96% 101% 101% 103% 93% 60% July 66 July 101 July 89% July 70% July 104 104% July Amer Rolling Mills 107,000 105,000 35,000 5,000 99 22 24 2 17 18 25 13 1 31 8 6 8 27 3 7 July July 79 64 97 100% July 99% July 100% July 98 July si04%July 30 105% July 93% July 1 97% July July 60% July 20 62 72 July 29 76% July Sale 76% Sale 80 1930 1953 5s... 6s 104 1957 Gas & Elec deb 5s ..2028 Ainer Gas & Power 6s American Power 100% Sale "3 Sale 93% Continental 5S--1943 Amer Elec Pow deb 6s Amer Sale Sale 1948 5s Aggregates 6s—..1943 Pow 6s_1940 Amer Sale 104 5s..1952 5s....... Aluminum Co s f deb 97 28 27 Jan. 9 76% Mar. 9 73 Jan. 9 Feb. 28 80 §8* 77 Feb. Feb. 60 Apr. 16 June 18 57 June 27 102 2 90 Jan. Feb. 18 3 s62 Jan. 11 9 84 3 92% Mar. 23 76% June May 18 99 a July 17 S100 Jan. 12 5 3 1 Jan. 101 45 June May Jan. 2 curb york new aqqbeqate sales. In Since July Jan. 1. 51 prices in july. NEW YORK CURB EXCHANGE BONDS V since July 1. Bid. July 31. Ask Bid. Ask. 513,000 117,000 164,000 60,000 114,000 27,000 34",ooc 36,000 "~2~, ooc 23,000 »34 % 1933 notes Sates Valve Bag 6s ' 10,000 41,000 149,000 2,000 842,000 1,146,000 591,000 619,000 430,000 77,000 160,000 204,000 2,912,000 19,000 67,000 333.000 ' with stock Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. 10034 Sale 10034 July 1 10134 July 107 Sale 107 1 108 10834 105 54 Sale Sale 107 Sale 96 Sale 9934 Sale 27 99 July 7 102 July July July July July 18 warr warr_ July 1936 Belgo-Can Paper Ltd 6s__1943 Bell Tel of Canada 5s 1st M 5s 5s 1955 June B ser 1957 1 series C 10334 Sale 102 54 Sale .I960 Birmingham Elec 436s 1968 Birmingham Gas 5s 1959 Boston & Albany RR 434 s '78 Boston Consol Gas 5s 1947 Boston & Maine RR 6a Sale 96 10734 Sale 106 Sale 9634 Sale 10534 Sale 1933 10234 Sale 10534 Sale 4%s 1961 Brooklyn Boro Gas 5s A.1967 Buffalo Gen June 2 102 Mar. 9 110 Mar. 4 1942 purch Beacon Oil 6s with Elec 5b 1956 4>oS series B 10634 Sale 106 July 10534 July 10634 July s9534 July 99 July 10734 10634 10734 9634 9934 16 6 28 6 10534 July 10134 July 10534 July 10234 July 3 1 10534 July 10534 July 5 10534 July 1 10634 July 5 31 Jan. 9634 8434 10334 10234 Jan. Feb. Jan. Jan. 10334 Jan. 94 mx Mar. 30 85 Mar. 9534 Jan. 96 Apr. 103 Jan. 10036 Jan. 9034 June 10434 Jan. 103 Feb. 1981 101 Jan 1,000 116,000 235,000 10,000 18,000 18,000 165,000 -206,000 163,000 42",ooc 325,000 152.000 12,000 84,000 1.000 10,000 148,000 886,000 411,000 408,000 166,000 Copenhagen 15-yr 6s 53,000 759,000 2,539,000 50,000 116,000 170,000 1,083,000 2,168,000 271,000 35,000 1,036,000 1,167 ,000 393 ,000 12 ,000 176 ,000 8 ,000 35 ,000 1,434 ,000 6,743 ,000 2,381 ,000 2,966 ,000 _ . 194*' 100 June Canada Cement 534® 1947 Canadian Nat Rys 7a 193? 1956 436s Can Nat Steamships 5s_-1955 Capital Admin 5s A 97 34 July 107 Sale 153 " Sale 10034 Sale 1953 Without warrant Carolina Pr 8c Lt 5s 195< Caterpillar Tractor 5s 193? Cent Arizona L & P 5s 1960 Cent German Power 6s 1934 8234 Sale 10234 Sale 9634 Sale 104j4 99 Sale 9834 Sale 96 Sale Cent 111 Pub Serv 434s F.1967 92 Sale M36» series H 1981 Sept 15 193 972 ,000 Cent States Pr 8c Lt 5148.195? 10434 Sale 9234 7434 Sale Sale 59 Sale 63 Sale 60 34 77 Sale 6634 Sale Sale 69 Sale 93 Sale 7234 6434 6634 Sale Sale Sale 6334 Sale Cent Vermont Pub Serv— 6,000 5s series A 104 July 99 July 9834 July 92 100 9234 100 Central Power 5s ser D..1957 Central Pow & Lt 5s 1956 Deb 5Hs Sale 9334 Sale Cent Maine Pow 436s E..1957 5s series D 1955 Cent Pub Serv deb 5 36»_ .1949 Cent States Elec 5s 194* July 81 10434 9234 9234 s7134 6134 65 6334 1 July July July July July July July July July July July 9634 July 2 1 9336 July 30 2 10136 July 25 93 34 July 31 28 24 10034 July 31 10434 July 28 93 July 16 9334 July 27 7434 July 15 6634 July 15 7136 July 31 7134 July 1959 96,000 17,000 48,000 120,000 4,152,000 295,000 75,000 764,000 20,000 36,000 2,000 20,000 2,002 ,000 436s series A... __197< Deb 5>4s 1,015 ,000 193? 159 ,000 Chic Pneum Tool 5 36« 194? 845 ,000 Chic Rys 5s ctfs of dep.. 192' 1 ,000 5s certifs of dep reg 1927 Cigar Stores Realty— 631 ,000 5>4« series A 1949 149 ,000 Cincinnati Street Ry 536sl95? 193 ,000 6a series B__ 195? 1,744 ,000 Cities Service 5s 196» 43,572 ,000 1,522 ,000 565 ,ooc 3,320 ,000 72 ,000 Conv deb 5s .1956 Cities Service Gas 5 36«--194; Cities Serv Gas Pipe L 6s. 194? Cities Service P & L 534«.1952 Cle<"5 Elec Ilium 5s 220 ,000 Deb 7s._.. 194) 5s 1961 85 ,000 5s series U_. 81 ,000 Cleve Term Hidg 17,000 Sale 92% 10134 94 34 Sale Sale 10134 6034 Sale 7234 Sale 86 Sale 7034 7234 Sale 80 Sale 7534 Sale" Sale 6634 Sale "8734 Sale Sale Sale Sale Sale 87 7934 Sale 79 1,944 ,000 Bank und 8234 6634 6734 6936 8434 195,000 13,000 6,000 239,000 982,000 30,000 59,000 4,000 27,000 2,000 84,000 56,000 103,000 18,000 41,000 33,000 65,000 8,000 772,000 95,000 59,000 1,000 840,000 2,000 49,000 5,000 23,000 80,000 Sale 4s series F 1981 57 ,000 1st mttfc 6s 1943 118 ,000 1st mtge5s 110 ,000 Community Pow & Lt 5s. 6 ,000 Conn Lighting A Pow 7s. 114 .000 Consol Gas N Y deb 4 34s. 6734 Sale 8234 Sale Sale Sale 7834 10534 July 104 Sale 104 8136 102 10334 10234 9434 1937 Sale 1st ref 1981 97 Sale 1943 58 Sale 72 Sale 195;. 108 warrants S ser 10434 1943 Consol Publishers 6Ht»--!93< Consol Textile 8» 1941 98)4 Sale Consumers Power 4 34s.. 1958 10134 Sale 8134 Sale Continental G & El 5s ...1958 Continental Oil 534s.. . 269, 000 Cumberland Co P & L 6s series A 9834 Sale i 104?4 Sale 8434 8134 84 " Sale 10134 9434 Sale 9534 Sale 9s34 Sale 101 Sale 434s '56 May 18 May 14 June 19 July 2 June 6 40 July 22 27 82 July July July July July July July July 1 28 20 22 22 10 6 17 1 104 1 10434 1 10236 1 9434 10 11036 20 11034 29 92 9634 Mar. 19 June 77 62 June 10 Sale June 25 58 June 7734 Apr. 21 9 9034 Jan. 79 June 8334 5934 5734 6334 7834 June May May May June 71 June 10434 Mar. 105 July 10634 Feb. 10336 May May May 3134 Apr. 50 Sale Sale ! July 10334 July 8334 July 84 July 68 Sale ■ 65 July 10136 July 9536 July 96 Sale i 97 10234 1003-6 Sale Sale Sale 9534 July 10236 July 9834 July 93 36 Sale 9334 July j 98 July July Feb. 10 76 Jan. 8 Mar. 23 Jan. 8 89 84 107 Apr. 22 107 Jan. 43 101 9434 11034 107 . 106 55 June June 81 88 9534 Apr. 100 1 9934 Jan. 8034 Jan. 8236 May 17 8634 July 16 7034 July 1 10234 July Feb. 9854 July 17 10234 July 2 52 July 1 9834 July 7 103 July 7 10034 July 96 Jan. 65 Jan. 35 55 102 10534 Sale 203! Sale 104 Sale 9 Sale July July 10254 July 10634 July 9 2 July July 94 July 29 60 July 20 10234 July 2 10434 July 17 107 31 9 July July 236 July 15 9 20 30 2 3 Feb. 10134 Sale 9 6 34 93 Sale 10336 July 23 57 Sale 61"" Sale" 5834 Sale Sale 20 July 12 July July 56 24 9634 3 10434 14 24 34 13 1534 27 62 July July July July July Mar. 19 Jan. 96 Jan. Mar. 28 55 June 25 Feb. 27 101 Jan. 97 Apr. 10334 June 11 10054 July 31 88 Feb. 3 45 99 June 2 95 73 May 14 10234 Jan. 3 10436 10536 Jan. 2 9 July 31 30 100 2 Jau. 24 Jan. 2 83 34 Sale 86 Sale 59 Sale Sale 1013s Sale 85 Sale 77 Sale 6134 Sale 10254 10154 10034 8334 5 Apr. 22 Apr. 22 May 11 Jan. Sale 59 Sale 1953 July 95 July 97 July 9034 July 59 July 6834 July 8 71 July 1957 1965 6634 Sale 1967 6734 Sale 6634 Sale 65 July 9936 July 65 July 16 3 17 7254 July 9934 July 7736 July 100 June 26 20 Apr. 14 May 12 Jan. 7 Mar. 9 95 60 June 26 10434 May 19 2 10234 June Jan. 10054 July 7954 June 55 July 101 90 61 Mar. 19 Mar. 9 May 13 July 108 Jan. July 9034 July 4934 May 107 Feb. 97 29 12 July 9636 June 30 10236 Mar. 5 105 May 15 20 July 14 7036 Jan. 15 12 July 13 6336 Feb. 4 5134 June 13 71 Jan. 7 10134 Jan. 10334 July 102 July 10034 July 8734 July 59 July 98 July 98 July 9536 July 6134 July July July July July 55 95 Marel Elec Mfg Inv 7s.1950 6 15 9 107 s83 8 8 100 1 10 6 17 22 27 7354 Apr. 18 103 Apr. 10 10134 Mar. 14 20 17 29 Jan. 60 103 1952 1,797,000 Empire Oil & Refining 5 34s *42 July 3 6 23 22 Mar. 19 Jan. 26 Mar. 10 1937 Sale 5 6 9434 Jan. 45 28 19 16 June 11 June 9 95 Apr. 22 103 10434 Apr. 27 105 22 13 Jan. 10534 May 22 8834 Mar. 19 sl0034Jan. 92 May 98 July 2 27 27 28 21 10536 Apr. 3 100 62 15 26 10834 May 18 15 30 105 9654 June 25 99 July July July 16 30 July 2 10434 July 16i 8534 July Jan. Jan. 8736 Mar. Jan. 28 10534 June Feb. 21 10534 June Jan. 13 103 36 May June 24 9434 July July 10 116 Apr. Apr. 30 11036 July July 29 92 July Jan. 5 119 Apr. May 27 10134 May Jan. 80 9634 &x 83 July 27 10034 86 June 25 10834 May 106 July 100 34 May 8536 Jan. 19 May June 102 30 11 58 105 24 June 3 65 104 July July 8734 Mar. 26 9434 Mar. 20 99 Jan. 2 10234 May 29 6934 June 17 9536 Jan. 21 Mar. 20 5836 June 17 73 Jan. 63 Mar. 21 Mar. 24 4 104 Feb. 90 104 96 34 July 1 July 31 May 7 58 10734 Jan. 10334 May July 9834 July July 31 May 14 June 81 July 10536 July July May 13 7136 Mar. 23 103 901,000 Edison Elec III (Boston 5s *33 221,000 4% notes .1932 3 H % Notes 84,000 1931 6,092,000 Elec Pow & Lt 5s ..2030 22,000 Elec Pub Serv 5}4s C 1942 180,000 El Paso Nat Gas 634» A..1943 237,000 634s ...1938 375,000 6348 with warrants 1,000 Erie Lighting Co 5s 6 Mar. 24 Jan. 10534 July 51 s83 159,000 Empire Dist Elec 5s 22 Jan. Mar. 3* 108 55 6334 10334 Sale 10034 Sale 9634 Sale 10334 Sale 476,000 197,000 Duke Power Co 434s_.__.1967 1,153,000 Duqucsne Gas 6s 1945 6 34% notes 273,000 Mar 15 1935 5,679,000 Eastern Util Invest 5a A 1954 5s registered 1,000 1954 Sale 1930 Dixie Gulf Gas 634s with warrants page 56 9234 June 10736 July 10534 July 10534 july 99j4 July 1,000 Dallas P & L 5s series C--1952 7,000 Dayton P & L 1st & ref 5s *41 205,000 Delaware Elec Pow 5 34 s..1959 128,000 Denv tc Salt Lake Ry 6s..1960 see July 10134 July 10134 July slOl July 9436 July 11034 July 11034 July 86 July 20 1937 633,000 Detroit City Gas 5s B 1950 6s series A 677,000 1947 586,000 Detroit Int Bdge 634s...1952 191,000 25-yr • f deb 7s. 1952 Apr. 23 July 31 Jan. May 28 94 1942 264,,000 Cuban Telephone 7 34s.. 1941 119,,000 Cuban Tobacco 5s 1944 1,200,,000 Cudahy Pack deb 534s... 1937 226,,000 .1946 Without warr 1,409,000 17,000 European Mtge 7h Series C 709,000 8 July 50 Roll & Steel Fdy 6s. 1940 Series A with warrants.. 73,,000 805, ,000 Crane Co 5s. 1940 863,,000 Crucible Steel 5s 1940 For other footnotes Sale 19V f 4s 87 9436 93 34 10236 10434 10434 Mar. 11734 10134 197 67,000 July July July 1951 434s series H_... 1st & coll 6s July 24 July 27 July 27 July July July July July 107 July 10534 July 108 July 30 106 July 28 6734 8334 9036 6634 6834 7134 8434 8134 1951 19*.' F 634s with Sale Sale Sale 1943 4?is series G... 558,,000 1,138,,000 140,,000 45,,000 3,314,,000 7,461,,000 668,,000 88 ttait— series E s Sale Sale 10134 Sale 10134' Sale 9414 Sale 121,,000 245,,000 2,510,,000 56 Sale 5 34s series July 6234 July July July July July July july July July 107 128 ,000 136 ,000 European Elec 634s 68,000 1,000 137,000 6134 6734 8234 36 100 .1966 9134 Apr. 9236 July 9936 Apr. 99 Apr. 10434 June 74 19 10034 series E Mar. 16 Feb. 2 10136 Feb. 20 July 1 10134 July 20 Mar. 6 May 25 98 9434 Mar. 16 9636 May 9 100 738 ,000 Commonw Edison 4 34s...1<W 335 .000 4'4s series C 1956 1,620 ,000 1,346 ,000 Ercole 25,000 Sale 62 75 9 25 16 17 Privar 5J4s Continental Secur 5s 45,000 13,000 21,000 185,000 47,000 36,000 6034 9434 July 10234 July .,1941 Sale Sale 5s 86 108 79 34 10,,000 Coat 14,000 Sale 603-4 Sale 105 1937 4'is 9234 July 10134 July 73 July 60 July 65 Consol Gas Utilities— 108,000 Sale Sale 1933 6* Consol G ii L & P 8,000 8,000 7,000 37,000 570,000 Sale 1 ,000 Col Rjv Longv Bridge 6Ms '53 214 ,000 Commander Larahee 6s.. 194* Gommen 301,000 104,000 51,000 254,000 1,087.000 2,000 31,000 110,000 91 99 1939 16 ,000 Cleveland Ry Co 5s 9934 10634 10634 10134 9 105 10336 June 1954 35 ,000 10 9 5 19 95 3* Chicago Dist El Generating 206,000 123,000 3,000 44,000 Feb. 23 Jan. 1 101 10134 Jan. 5 103 9 102 9734 June 5 11136 10634 j an. 9834 Jan. 22 10234 103 Jan. 2 10736 82 Jan. 15 8854 July July July 105 July 9934 July 10134 July 9534 July 9334 Sale 101 1968 ... 10834 July 10034 July 10534 July 86 July 84 July July July 3 21 27 15 89 Central 111 EI & Gas 5s...1951 5s Series G 8634 Sale 10434 Sale 9934 Sale 10134 Sale Sale 9734 10934 10134 10536 8834 8636 Feb. 10734 June 107 May 10736 May 9734 May 10034 Mar. 9934 Feb. 10536 June Burmelster 8c Wain Co of 43,000 1. Sale Prices. Baldwin Locomotive Works 155,030 jan. 2 Ask. Bid. (Continued) range Price Jan 1931. r exchange 31 2 9736 Mar. 25 8034 Jan. 13 s6336 Jan. 7 83 Mar. 12 10434 June 16 10434 June 16 65 July 9936 Jan. July 65 16 5 17 84 Mar. 26 9934 May 90 Apr. 4 7 exchange curb yokk new 52 In Since July Jan. 1. $ 80,656 3,000 6,000 168,000 NEW YORK Price CURB EXCHANGE Jan. 2 1931. $ 2,000 458,000 26,000 16,000 1.436,000 bonds (Continued) Fabrics Finishing 6s a--1939 Fairbanks Morse ik Co *«.1942 Farmers Nat Mtg Inst 7s .1963 Bid. Ask Bid. Ask. Ask. Bid. ■ Highest. Sale Prices. Sale Sale 60 Sale 61 644,000 Bank 6s .1961 691,000 Firestone Cotton Mills 5s. 1948 407,000 Firestone t & r Cal 5s .1943 _ 78 Sale '85" Sale 753* Sale 82 Sale 883* Sale 57,666 102,000 114,000 2,000 "2", 606 16,000 1,000 13,000 38,000 39,000 13,000 3,000 18,000 25,000 28,000 84,000 1st 78 without warr_„.1957 363,000 Flsk Rubber 5*8 1931 20,000 Certificates of deposit 3,870,000 Florida Power fk Lt 5»_._1954 145,066 Garlock Packing 6s 1939 2,611,006 Gatlneau Power 5s 1956 168,000 5s new ..1956 567,000 6s.... 1941 476,000 6s series b 1941 439,006 Gen Bronze conv deb 6s. 1940 4,666 General Cigar serial 6s_.1932 2,000 Serial 6s..^.i^i-^.^i-il933 9,000 Serial 6s 1934 46,000 Serial 6s 1935 39,000 Gen Indus Alcohol 614s.1944 10,000 Gen Laundry Mach 6^8.1937 Gen Motors Accept Corp— 54,000 5% serial notes... 1932 50,600 5% serial notes 1933 54,006 5% serial notes ..1934 69,060 5% serial notes 1935 36,060 5% serial notes ....1936 85,066 Gen Pub Serv Co 5s 1953 100,000 Gen Pub Utilities Co 6s..1931 358,006 General Rayon Ltd 6s.. 1948 336,600 Gen Refractor 5s 1933 34,000 438,000 171,000 6s with warr Aug 15....1937 Gen Water Wks Gas 8c Elec— 6s series b 1944 5,006 Georgia Carolina Co 5s..1952 43,000 Georgia 8c Fla 6s ser a... 1946 10,606 Certificates of deposit 1967 111", 000 812,300 42,j00 76,000 6,000 545,006 8,482,006 497,000 542,000 13,600 68 with warrants 1953 6s without warrants... 1953 Gillette Safety Razor 5s_1940 Glidden (The) 53*8 1935 Gobel (Adolf) 6 3*8 ser a. 1935 With warrants Godchaux Sugars 73*s...l941 Grand (f 6,000 118,000 3,000 18 000 1,000 12,000 13,000 58,000 336 000 23 000 32,000 47,666 154,000 9,000 28",000 57,000 36,000 89,000 19,000 95,000 18,660 7,000 7,000 6,000 116,000 83 Sale 929* Sale 913* Sale 90 Sale 123* Sale 89 Sale 89 3* 833* Sale 893* Sale 895* Sale Sale' 82 833* 613* 1023* Sale Sale Sale Sale Sale 1013* Sale 1013* Sale 84 Sale 86 52"" Sale 43 993* Sale Sale Sale 985* Sale 149* 84 31 91 July 7 31 10 10 July 20 533* 1013* July 2 1013* July 2 1023* July 1023* July 2 1023* July 1 1023* July 2 1 July 153* July 893* July 833* July 3 873* July 863* July July 2 62 July 59 1015* July 22 31 8 3 30 85 July 31 2 s843* July 43 July 6 July 22 343* July 8 103* July 2 2 July 22 17 4 4 4 1013* Sale 1025* Sale 1025* July 1013* July 703* 87"" Sale 943* Sale 843* Sale Sale 923* Sale 54 July July 28 913* July s84 705* July 10 July 16 63 92 93 106 Sale 102 Sale 18 Sale 1013* 63 Sale 108 Sale Sale 66 63 July 31 s1075* July 29 1085* 85 85 July 24 105, 105)* July 1053* July 17 1053 slOl July " 103 10 Sale 30 505* Sale 1023* Sale 102 Sale 1j1 323* 15 July July 34 26,000 2,000 38,000 135,000 193,000 342,000 50,000 5,000 4,000 153, 000 69, 000 551, 066 978, 060 585, 000 1,148, 066 607, 000 5 ,000 3,000 4,000 20,000 11,000 366,000 9,000 74 Sale Sale 92 Sale Sale 483* Illinois Nor Util 5s 5v*s._..1957 1954 series "b" 67 58 series c July 25 985* July 29 77 July 6 1005* 60 Sale Sale 88 Sale 85 Sale July July July July July 823* 82 1033* 1033* Sale 10 15 67 14 60 30 883* 25 883* 1 104 863* 983* 99 983* Sale July 995* 3 1st lien & ref 5s ind'polls p & 1. 5s 983* Sale 80 Sale Sale 523* 75 1045* 473* Sale 99 July 7 July 8 July 14 78 a..1957 Sale' Sale 913* 1025* 1033* 965* 80 Sale Sale Sale Sale 79 80 July 6 1073* July 30 56 1045* 1035* 903* July July July July July July July July July sl02 1045* Sale 983* Sale 1035* 963* 79 Sale 100 94 1033* 1043* 813* 80 1003* Sale 103 3* Sale 1045* Sale 3 24 15 7 1 1 10 16 1053* 105 913* 1035* 1043* 985* s823* 6 103 104 2 Jan. 15 20 17 10 6 22 4,012 ,000 1,000 52,000 37,000 85,000 93,000 37,000 153,000 74,000 21,000 324,000 265 ,000 137 ,000 Intercontinents 75 813* Sale July 81 Jau. 28 June 13 883* Mar. 6 953* June 29 93 Jan. 9 51 June 17 82 Feb. 91 May 12 94 May 20 88 24 63 July 31 74 1053* Jau. 6 1095* 85 July 24 85 102 Jan. 2 1053* 1053* July 17 1063* 99 Feb. 2 103 9 June 25 27 20 Mar. 26 35 45 100 100 96 59 Jan. 103 May May 104 825* Sate 805* 50 1948 50 Sale Sale 37 353* Sale Interlake Iron 5s b 1951 150 ,000 Internat Pow Sec 63*8 b.1954 234 ,006 6 3*s series c 1955 37 ,000 7s series d 1936 78 series e 1957 .,276 ,000 87 893* Sale 883* Sale 953* Sale 101 88 92 903* Sale "98" Sale" 945* 1952 86 1951 1947 1,808 ,000 Internat Securities 5» 1 ,000 5s registered 1947 12 ,000 Interstate Iron & St'l 53*s '46 85 74 ,066 7s series f 72 ,000 International Salt 5s , 343* ,600 1 ,000 July 15 July 8 685* Sale 713* Sale 70 Sate 693* July July July July July July July July July July 27 28 24 10 96 27 723* 993* 88 86 June July Feb. 1013* May 18 June 98 1 2 50 June 803* Jan. 693* Mar. July July July 6 July 3 July 29 July 27 July is July 1 July 1 July 30 July 14 30 8 29 10 24 July 11 July 28 July July July July July July July July July July July July 16 2 20 24 27 22 2 July July 423* June 68 June 74 June Mar. 75 July 1045* July 40 Mar. Mar. 105 July July July July July July July July July July "723* Sale u93* 713* -7 7 ,000 5s series d 524 ,000 43*s 105 ,000 Interstate Telep 5s a 100 1956 945* 1958 1961 935* Sale t July 90 July 1043* Apr. 97 July June 107 105 3* May 883* Mar. 863* Apr. 105 Jar. 104 31,000 122,000 Deb 58 series a 309 ,000,.Invest Co of Amer 5s a 427 ,000! Without warrants. 823* Sate For footnotes nee page 56 9 1 22 2 une 995* June 25 uue 70 June 973* Jan. Jau. 8 24 Feb. 11 June 20 65 17 17 ~ 14 30 June 11 60 Mar. 25 28 May 28 58 Feb. 16 ■ 16 29 6 g8 Sate 993* July 23 100 Sale 91 July July 23 943* 925* July 31 July 31 July 1 July 29 July 1 86 July 10 July 10 903* June 101 July 27 1043* July June 17 853* W* July 92 July July 27 96 1003* Mar 895* Jan. July 86 .July 24 88 86 Feb. 80 July 785* Feb. 685* Jan. 753* May 15 753* May 923* Apr. 16 923* Mar. 88 July 30 July 15 June 27 May 21 103 1023* Jau. 7 104 79 Apr. 27 895* 68 July 24 843* 993* 88 5 24 14 7 16 26 16 29 10 15 13 May 21 June 22 June 29 Mar. 19 July 31 July 23 100 6 943* July^ 31 9 23 933* June Feb. 923* July Jan. 10 May 19 743* Mar. 19 68 823* 27 95 July 14 July 24 82 3* 24 3 1947 1947 July July 16 10 21 16 June 26 Invest Bond & Share Corp 8 ,000 15 28 65 855* 923* Jan. 995 Interstate Public Service 7,000 125,000 42,000 16 70 753* June Sale Sale 893* 733* Apr. 100 103 Sale Apr. 993* May 22 100 1033* July 1043* June 81 May 80 July 995* Feb. 1033 14 22 22 27 8 1053* June 8 105 July 943* Feb. 26 8 105 Apr. Jan. 90 27 90 1035* June 963* July 725* May 100 July 855* July Mar. Jan. ip 1003* Jau. 863* Jan. 104 91 1073* July 30 56 July 14 Apr. 17 8 54 1035* Mar. 98 '■* 8 3 23 965* Mar. 30 June 25 Jan. 9 June June Jan. May 1053* May 1043* May 995* July June n* 92 sl04 1025* May 95 June 24 8 Sale 80 3* Mar. 23 Feb. 10 Feb. 25 98 98 With warrants 1025* 20 28 48 1936 31 ,000 Without warrants.. ...1957 2,314 ,000 Interstate Power 5s Debenture 6s 468 ,000 -.1.952 Jan. 80 July 16 17 37 15 42 15 883* 27 104 3* 923* 21 Jan. 7 3 July 27 July 10 65 10 May 21 July 24 July 28 May 22 July 29 Jan. July 90 87 17 July Feb. 94 May 1003* May Power co— New.... InterstateNat Gas 6a 566,000 6. ,000 Sate 65 Deb 6s with warrants.. 1948 6s 86 Mar. 23 June 20 54 84 965* 1949 Deb 5s Mar. 9 9 May 25 1023* Mar. 13 945* May 20 1003* May 22 1005* Mar. 9 Mar. 10 86 1957 1981 With warrants 4 ,000 May 18 Jan. 70 Insult Util Inv 6s ser b..1940 522,000 2,000 11 Jaii. July 10 July 6 July 24 July 28 July i.7 July 29 July 8 July 28 100 July 1 97 July 2 104 July 2 1043* July 15 85 July 17 83 July 9 105 July 2 104 94 Sal6 10 ,006 Indianapolis Water 53*s_1953 5 ,000 4 vis 1940 5 ,000 Inland p & l 6s ser c 14 ,000 Inland Steel 4v*s b Jan. 3 483* Apr. 1955 1950 1963 ser Mar. 26 20 923* Feb. 79 4 33 1025* May 23 1025* May 23 1025* May 18 June 5 88 Mar. 16 97 Jan. 8 53 1005* Mar. 19 1043* May Indeo Oil 8c Gas deb 6t._1939 31 ,000 1st & ref 5s 54 ,06() Indiana Service 5s June June 145* July 23 July 8 July July July July July 98 105 Indiana Elec Corp 6s a..1947 5s series c ..1951 2,966 ,600 85 48 55 ..1953 1956 6s series a 17 ,000 52 July July 1025* 102)4 1013*- July 933* July 16 101 94 July 13 943* 50 1005* 9 ,000 Indiana Gen Service 5s..1948 55 ,000 Indiana Hydro-Elec 5s a. 1958 18 ,000 Indiana & Mich el 5s 1957 "12",000 99 97 Sale Sale Sale 1947 1957 Idaho Power Co 5s 4 .000 1013* 1013* June 103 June 22 69 1003* June 5 1005* 12 8 Jan. 2 83* Feb. 6 10 985* Jan. 29 1025* 1949 6s series b Illinois Pow & l Sale Sale Sa Sale June June 28 843* July 6 953* July 8 88 July 30 24 Mar. 84 June 102 3* June 20 73* June Sale 55 80 43 ' 103 103 1015* May 20 1013* May 101 July 1015* June 1015* May 1013* May Sale 993* Sale 14 Apr. 995* July 27 43 Mar. 20 925* Jan. June 17 2 Mar. 26 95 103 : July 935* 1013* July 102 May 102 May 102 May 26 Apr. 103* Apr. 1023* July 17 102 3* July 6 85)* July 21 913* July 17 46 823* Apr. 22 275* Feb. 19 153* July 22 Apr. 1 95 Apr. 8 943* Jan. 27 65 1023* July 24 1013* July 1015* July 1013* July 29 23 Feb. 1023* July : July 101 July 905* July Jan. 20 82 87 Apr. 30 845* Feb. 19 123* May 12 Apr. 823* June 84 July 845* May 923* Apr. 693* June 693* June 16 103* July Sale 1950 Falls 1st & ref 5s h'.'grade Fond 6s ser a ..1949 37,660 4 9 22 ~ July 20 155* July 123* July 87 July 84 July 893* July 1015* July 101 . 21,000 7 823* May June 24 77 199,000 5s ser a with warr. 194!" 1./69 000 Gulf Oil of Pa deb 5s 1937 1013* 3* 1 (44 000 Sinking fund deb 5s 1947 1013* 973* 1 2 7 000 Gulf States ITtil 5s low 170,000 43*8 series b 1961 1,066 Hackensack Water 5s a..1977 139,000 Hamburg Elec Co 7s 1935 77 852,000 Hamburg El & Und Ry 5v$s'38 161,000 Hanna (The m a) Co 6s..l934 1,000 Havana Dock 7s a 1937 340,000 Hood Rubber 7s 1936 431,000 5 3*s Oct 15 1936 312,066 Houston Gulf Gas 6v*s..l943 833* 586,000 6s ...1943 60,000 Houston Lt & Pr 5s a—1953 4,606 6s series b 1953 3,000 53*s series c 1954 759,000 4hs series d 1978 161,006 4v*s series d new 24,000 4v*s series e 1981 655,000 Hud Bay Min & Smelt 6s. 1935 231,060 Hungarian Itol Bank 7v*v '63 Hydraulic Power of Niagara 756,600 9 Feb. 79 Guardian Investors Corp— 31,000 225,000 June July 905* July 8c w) Properties— 156,000 Conv deb 6s 1948 5j8 000 Grand Trunk Ry ..1936 3,000 Grand Trunk West Ry 4s 1950 .62 000 Gt West Power Calif 5s.. 1946 5,000 6s series c 1952 37,060 Green Mountain Pow 5s. 1948 115,000 Ground Gripper Shoe 6s. 1944 314,000 Guantanamo & w Rv 6s. 1958 5 15 90 87 jfut CJTOI' 1,088,000 3 7 Mar. s743* July 16 813* July 1 883* July l 166,000 3,857,000 Georgia Power ret 5s Feb. Jan. 81 73 66 13 Gen Vending Corp— 8,000 19 98 8 29 23 95 First Bohemian Glass Wks 18,000 18,000 621,000 5,000 234,000 3 July 18 July 18 10 July 2 453* June 9 July s543* July 18 18 2 Finland Residential Mtge 79,000 52,000 46,000 Feb, 80 Federal Sugar 6s 763* 19 66 1£ July July Sale Prices. 91 61 July 66 10 1933 Federal Water Service 5s.1954 Prices. 3 18 3 1 91 1. Highest. Sale July July July July Sale 92 JAN. SINCE Lowest. Lowest. Sale Prices. July 31. July 1. RANGE IN JULY. PRICES AGGREGATE SALES. 76 Apr. 865* July 86 July 74 8 10 10 YORK NEW AGGREGATE SALES. In Since July Jan, 1. NEW YORK CURB 125,000 61,000 75,000 71,000 8,000 20,000 137,000 31,000 ¥o"666 247,000 " 8"66O 1,000 12,000 71,000 8.000 (Continued!)— . 5%a__ July 1* Bid July'Sir Lowest. 4 Bid. 95 Sale 95 95 Sale 94% Sale • ~90~~ Sale Ask. Sale 94% 94% 95 96 "64 " 362 Sale Sale 80 55% Sale 161" Sale 100 Sale Sale 67 Sale 82 Sale 103% 102% 103% 103% Sale Sale 2*000 23", 000 17,000 246,000 93,000 40,000 13,000 66,000 6,000 143,000 7,000 Keystone Telep Co 5><iS-.» >jj Keystone Water Works & Elec 5^8 series B 2,000 1948 136,000 Kimberly Ciark 5s A 1943 1,376,000 Koppers Gas & C deb 6s. 1947 Deb 5%a 1,132,000 1950 338,000 KresUe IS S) Co 5s 1945 58 certifs of deposit 46,000 1945 488,000 Laclede Gas Lt 536* .1935 37 000 Larutan Gas Corp 6%a._1935 1,470,000 Lehigh Pow Secur 6s 2026 Leonard Tietz Inc 16,000 84", 000 125,000 17,000 16,000 7,000 2.000 1,000 271.000 1.000 13,000 4,000 3,000 124,000 245,000 16,000 15,000 5,000 19,000 4,000 415,000 202,000 7.000 132,000 1,042,000 439,000 191,000 17,000 39,000 1,000 2,597,000 13,000 400,000 Without ! Lone Star Gas Corp 5s...1942 Long Inland Ltg 6s.. SHs series A ..1945 -.1952 J-os Angeles Gas A Elec 5s '61 Los Angeles Pacific Co 4s 1950 Louisiana Pow A Lt 5s...1957 477,000 375,000 1,525,000 155% Sale' Sale 90% Sale 98% Sale 102% Sale 5s . Mass Util Assoc 5s A McCord Rad A Mfg6 s 1946 102 Sale 1955 98 Sale ser 1971 Mich Assoc Tel 5s A__ ..1961 Couv 5% notes ...1932 1933 Conv 5% notes ...1935 1934 Conv 4%% notes. 5.000 8,000 10,000 516,000 22,000 112,000 Elec Co 5s..1957 National Elec. Pow 5s...1978 122,000 National Food Prod 6s.. 1944 686,000 Nat Pow A Lt 6s"A" 2026 Deb 5s series B_ ——.2030 3,926,000 3,164,000 Nat Pub Serv 5s ...1Q78 3,618,000 National Steel Corp 5s.-.1956 92 Cony deb 58........—1950 .............1948 93 Sale 92% Sale Sale s92 1,103',000 28:600 18,000 175,000 31,000 407,000 93% 99% Sale 97% Sale 93% Sale 92% Sale ! 96% 93% Sale 96 Sale July July July July July July July July July July 31 20 31 23 7 31 16 7 11 2 60 July 31 July July July July July July July July July July July July 22 17 31 31 13 7 9 15 27 24 18 27 99 105% 103% 104% 86% Sale 99% Sale 97 Sale 99% 96% s92% 92% 94% Sale Sale 92 Sale 95% Sale Sale 9 15 3 16 15 102% 11 89% 23 84 31 65% 70 1 105% 1 101% 96 13 50 10 88 6 6 104% 27 99% 1 93% 30 14 July July July July 94% 49% 1 100 6 97% 1 95% 95 1 143,000 Nor Cont Util 5%s A 1948 472,000 Nor Ind Pub Serv 5s._...1966 5s series D_. 833,000 ..1969 3,497,000 4%s E 1970 969,000 Nor Ohio P & LSMs 1951 536,000 Nor Ohio Trac & Lt 5s...1956 634,000 6%% Hold notes 1933 6s A 202,000 1948 631,000 5M% notes. .. ......1940 5 M f series B 163,000 1950 4,332,000 4Mb 1961 32,000 North Texas Utilities 7s.. 1935 Without warrants 230,000 55,000 Northwest Pow 6s A ...1960 2,778,000 Ohio Edison Co 5s 19t>0 314,000 Ohio Power 5s series B 1952 4M* series D 2,031,000 .1956 For footnotes see page 56. 95% July 90% Jan. 104 July 92% July 1 105% July 3 94% July 96 2 July 98 July 18 29 24 100% 88% Sale 66% Sale Sale 103 Sale 68 Sale 52 Sale 105 Sale 87% Sale 69% Sale 98% Sale 68% Apr. 55 97% June 100 96 102% 103% 103% 101% 101H June 101% Feb. 98% Jan. 99% May 99 103% 85% 69% 92 Sale Sale Sale Sale July 91 Feb. 85% Sale 90 Sale 83 Sale Sale Sale 103 Sale 55 Sale 51% Sale 89 Salq 90 Sale 110% 102% 51% 88% . 102% Jan. 103% July 102 Jan. 97% 92 15 6 21 7 July July July July 57 Feb. 100 Jan. Jan. 104% May 21 9S% July 27 44 100 93 Apr. June Jan. Jan. Mar. Jan. 97% Mar. 97 Jan. 8 96 .Tan. 14 101% Jan. Feb. 102 91 June 98 June Jan. May 48 Jan. 100% Jan. June 65 June 15 91% July 31 94 8 June June 6 June 108 Sale 91% Sale 100 Sale 99 Sale 90) 99) 93 Sale Sale Sale 103% 103% 96% 104% 101% Sale Sale Sale Sale Sale 104% Sale 105 Sale 98% 104% Sale Sale 103% Sale 103 103% Sale' 97% Sale 76 99% Sale Sale" 102% July 16 103% July 1 2 103% July 27 99% Sale 97% July Sale 95 104% 104% 100% Sale Sale Sale July 76 July 103% July 104 July 99% July 1 99% July 31 98% July 79 1 July 1 104% July 6 105 July 3 100% July 31 2 5 Mar. 24 93 16 2 Mar. 6 75% Mar. 26 99% May 14 99% Mar. 30 10% 10% 111% 103% 101% June Mar. 21 July 2 May 14 June 11 50 June 80 88 June 8 93% Jan. 92% Mar. 26 94 May 21 95 94 Jan. 88% 94% 105% Mar. 12 95% Jan. 26 97% 1 102% July 98 Sale 103% Sale 100% Sale Feb. 13 70 May 29 May 28 81 July 11 100% July 31 106% July 17 92 July 6 57% July 11 105 July 29 105 July 29 98% July 9 July 6 103 July 13 80 July 98% July July 91 July 55 July 103 July 103% July 96% July 104% July 101% July 105 2 Jan. 83% July 90 July 100% May 14 , Apr. 2 107% Apr. 84 82 89 Sale 12 1 Sale 98% Sale 8 77 May 89% 95% July 6 101 May 20 3 105% May 13 Apr. 83 July 30 Feb. 13 Mar. 16 July 29. 44 July 94 June 25 Mar. 19 101% Jan. 14 104 65% June 12 77 July 105 June 29 26 106 June 24 Jan. 77 Sale 95% Sale 102 July 93% Jan. 102% Jan. 7 106% June 16 95 May 8 93% Apr. 7 98 May 21 93% Apr. 91% Jan. 90 , 9 7 June QO 1 13 30 June Jan. 85 July 28 86 July 23 85% July 17 7 22 26 92 Sale July July 24 7 92 Sale Sale 95% May 94% June 54 May 100% Feb. 100% Mar. 99% Apr. July Sale 94% 6 July 85% Sale 3 101% 96% 91% 92% 86% 94% Feb. 95% Jan. 93 Apr. 10 May 1 102% May 19 96% June 11 Mar. 87 Sale 18 16 16 June Sale 90 11 28 22 106 7 July 17 16 22 31 10 83. Sale 91 20 Apr. 30 7 98% July 17 2 10% July 2 10% July 111 July 27 103% July 27 1 56 July 91 July 23 7 25 45 88 82% Sale- 93 Feb. 87 ..... . Jan. 86% July 96% Jan. 89% June 82% July 92% Mar. 84% Jan. 86 July 88% Sale Apr. 99 May 97 July 98% Apr. 100% Mar. 106% May 103% June 105 May 86% July 103 May Jan. July July Jan. 96 90% Jan. 96 May 60 60 Feb. May 25 106% Apr. 82 93 101 Mar. 19 Mar. Mar. 14 100% Jan. 102 94% July 10% July 10 July 110% 102% Jan. Mar. Mar. 21 8 100 Juiy 11 105 July 9 104% Juiy 103% July 71 % July 63 July 105% July 88% July 71% July 98% July 8 23 22 23 22 6 Apr. 98% July 104% July 104% July 21 29 9 Apr. July May July May July 58 93% 98% 92% June 23'106% 89 July 13! 98% 102% Jail. 28:105% 102% July 67% July 50 July 103% July 84 July 69 July 91% July Sale Jan. 96% July 16 96% July 11 97 July 28 92 13 July 23 3 105% July 29 1 June 22 27 96 July 25 5 102% July 31 5 101 July 27 8 101% June 6 Jan. July 95% July 94 July 89 July 104% July 6 8 May 11 54 34 101% Sale July 27 June 26 June 22 103 June 22 Feb. 3 100% July 15 June 30 67 May 23 July 3 July 25 July 13 July 20 Jan. Feb. 97 98 103 95 96 91 96 1 25 22 88 99% June Foreign Invest 220,000 SMb A with warrants._1948 7.311,000 N Y P A L Corp 1st 4 %*_.1967 414,000 Niagara Falls Power 6s..1950 1,065,000 Nippon Elec Pow 6%*.— 1953 89% 82% July July July July July July July July July July 77% Mar. 20 Mar. 104 94 Mar. 11 103 104% 103% 101% 107% 104% 108% 101% 101 May 103% July 66 Nor States Power 79"66O Sale 564" sale"!":::::::: 692,000 New Enfl Pow Assn 5s 1948 Deb 5%*-^.— 625,000 1954 17,000 N J Power & Light 5s 1956 479,000 New Orleans Pub Serv 4Mb '35 8,000 Newton Steel 6% notes..1931 N Y A 47,000 9 m 348,000 5% gold notes May 1 1935 42,000 Nail Trade Journal 6s ..1938 13,000 Certificates of deposit 91,000 Nebraska Power 6s ...2022 1,024,000 4Ms 1981 128,000 Nelsuer Bros Realty 6a..1948 1,039,000 Nevada Calif Elec 5s 1956 5s new 22,000 1956 1,499,000 8,699,000 49,000 July 1 84% 6M8 with warr........1937 735,000 Nnrragannett 48,000 268,000 69,000 180,000 12,000 63,000 133,000 277,000 86,000 July Line New Eng G & Elec Assn 5sl947 5,000 731,000 Sale 104 347,000 Montreal L H A P 5s "A". 1951 5s scries B............1970 114,000 Morris Plan Shares Corp— 6s A without warrants 1947 4,000 10,736,000 76:O6O 82 87 103 % 60 July 103% July 99% July 96 July 45 July 84% July 103% July 99% July 91% July July July Sale Sale Monongahela West Penn Pub Service 5^8 B 107,000 1953 707,000 9 15 27 28 7 29 14 6 1955 i6"o",666 173,000 204,000 105% 101% July 15 July July July July July July July July 165% Sale' 101% Sale Sale 100% 25 31 27 25 Juiy 7 99 July 2 100% July 1 102% July 1 102 July 15 100% July 1 101% 90 July 6 July 18 105 98% 1)1% 100% 92% 1943 65,000 Mississippi Pow 5s 1955 2,606,000 Miss Power & Light 5s...1957 875,000 Miss River Fuel 6s_.... 1944 Without warrant*.———— 266,000 233,000 Miss River Power 5s 1951 Steamship *99%"Juiy*28 96 Middle Sts Petrol 6%b A.1945 Middie West Util 4%S—1931 Conv 5% notes Conv 5% notes 100 Sale Sale ...1978 Met. Edison 4s series E July July July July Sale 1948 A July 27 July 11 U2% July 1 101 July 14 101 93 100 92% 99% 1943 Melbourne EI Supp 7V£s A *46 Memphis P & L 5s 4%s series C Jan. 97 103% 99% 55% Jan. 82 July 101% Feb. 105 Sale 1949 79% Apr. 13 78% Apr. 10 98. 100£ Sale Sale 6 July 23 July 1 July 23 July 15 July 6 93% Sale 95 3 Jan. July 21 96 Sale 2 Jan. July 6 107% July 1 103% July 21 108% July 2 100% July 15 101 Sale 101% July 8 July 27 Jan. 58 July 82 104% Sale 97 National Tea Co— 38,000 Sa 19 70 64 106% 103% 100% 104"" Sale' 104% 88 2 19 60 102% - 101 July 15 July 1 July 11 July 15 July 28 Jan. 100 Sale Minn Pow A Lt 4Mb 1st & ref 5s 1,000 3,000 56,000 102 Sale Sale 60 Munsnn 200,000 18,000 102% 60 1978 81,000 101% Sale 100% Sale 1941 68.000 127,000 7s without warrants 691,000 Mass Gas Co 5%s 4Mb new..............1950 34,000 20,000 10,000 99% Sale Mansfield Min A Sin (Germ) 7s with warrants 1941 10,000 63",666 Sale Lukens Steel Co 8s......1940 Manitoba Power 5%a 1951 1,335,000 759,000 137,000 25,000 40,000 99% 1952 16*9",000 14*066 Sale Sale 99 Lexington Telephone 6s_1944 Lexington Util 5s Llbby McNeill & Libby 5s 1942 242,000 93,000 125,000 121,000 Sale 103 % 7%a..1946 Milwaukee G L 4%a 1967 Minneapolis Gas Lt 4%s.l950 56"000 Sale 66% 101 98 100 warrants 2,668,000 71,000 208,000 44,000 168,000 27,000 1,082,000 163,000 130,000 138,000 715,000 752,000 901,000 1,035,000 1,000 244,000 1,549,000 35,000 11,000 99% 67 Jan. July" "l 95% 102% Sale 101" ~ Sale' 27 July 27 July 16 Sale Prices 98% May 25 96% May 9 96% May 25 89% Feb. 99 July 27 2 100% June May 21 1(ZlH 86 June 24 93 May 14 90 103% 2 103% 99% Sale 99 July 2 July 3 July 24 July 27 103%' July" 27 107% 100 95% 95% 96% 80% 10d% 15,000 5%% notes...........1936 376,000 Ke<vln»torw*thout warr 6a*A6 260,000 Kentucky Utilities 5s 1969 133,000 5s. ....1961 1,000 5%s series F..........1955 39,000 Keystone rultik cseiv 5b.1978 July 31 July 16 July 21 July 2 79%"July 63% Kaufmann Dept Stores— 86,000 34,000 36,000 1 Highest. Sale Prices. 91 Jan. 3 93 May 4 Sale Prices 63% 63% 82 Sale Sale Lowest. Highest. Sale Prices 1959 23,000 Iowa Sou Utilities 6s A..1950 372,000 (sarco Hydro-El 7s ...1952 153,000 Isotta Franchlnl 7s......1942 Without warrants 260,000 Italian Superpower 6s 1963 Without warrants 2.843,000 31,000 Jacksonville Gas 5s 1942 Jamaica Wat Sup 5%s A.1955 9,000 864,000 Jersey Cent P&L5K< A.1945 5s series B .....1947 1,217,000 5s series B new 1947 79,000 12,000 Kansas City Gas 6s 1942 1937 3,000 Kansas Elec Pow 6s A 182,000 Kansas Gas & Elec 6s 2022 ...1947 384,000 Kansas Power 5s A 9,000 Kansas Pow & Lt 5s B—1957 RANGE SINCE JAN 2 Ask. Bid. S3 PRICES IN JULY. Price Jan. 954,000 Iowa-Nebraska LA P5«—1957 5s Series B 858,000 .—.>1961 720,000 Iowa Pow A Lt 4%s A 1958 248,000 Iowa Pub Serr 5s .....1957 25,000 30,000 EXCHANGE : EXCHANGE 1931 BONDS $ CURB 76* Jan. 93% Feb. July 105 84 Jan 55 July 99% Jan. 15 82 Jan. 7 Mar. 19 May 21 May 14 Apr. 17 Apr. 9 Mar. 24 Jan. 23 Mar. 3 100% July 31 108% May 18 May 19 75 105 105 Jam 6 90% Jan. 98% Jan. 99 May 20 July 29 May 14 105 Mar. 25 93 103% June 24 99 Jan. Jan. 101% Jan. 104 Mar. 27 104 Jan. 99 Jan. 105% 103% 105% 99% July 27 Apr. 6 102% Jan. 97% Apr. 104% Mar. 114 95 Jan. 100 76 July 96 99 Jan. 101 Feb. Jan. 96 Feb. 27 June 11 Mar. 24 Mar. 31 Jan. 22 104% July 28 5 105% June 101 % May 22 NEW 54 Price CURB EXCHANGE Jan. 1931. 1. 106,000 1,700,000 9,000 148,000 4,000 6,000 1,000 220,000 15,000 128,000 539,000 Ohio Pub Serv 5s D 1954 Oklahoma Gas & El 5s 1950 100 % July 31. July 1. Ask Bid. B(»NI>S—Continued. Sale 16,000 359,000 16,000 57,000 159,000 254,000 747,000 5,942,000 421,000 16,000 162,000 Sale 103 '50% Sale 3,392,000 280",666 1941 1st & ref 5%s C 1952 1960 1960 1st & ref 4%s 78,000 1,456,000 A 270.000 8,488,000 5,000 982,000 411,000 43"66O 127,000 18,000 952,000 98,000 128,000 19,000 323,000 467,000 100% Sale Sals 106% 100% Sale Sale Sale 102% Sale 115 Sale Sale 106% 101% Sale Lowest. Highest. Sale Prices. Sale Prices. 100% July 114 July 105 July si 00% July 1 102% 7 115 31 106% 13 102% Sale 27 92% Sale 97% Sale 96% July 15 97% July 24 59 Sale Sale July 89% July 27 1 61 98% Sale 23 ...1949 90% 58 91% Sale 101% Sale 1950 Without warrants 100% Sale ... 1959 Penn-Ohio P & L 5Ms A. 1954 ; Penn Pr 8c Lt 5b ser B - 102% Sale" 1952 102 1953 102 Sale Sale 102% Sale 100% Sale 104% Sale 104% Sale 1981 4^8 102% 100% 104% 104% 104% 94% Penn Pub Serv 5s ser D--1954 Sale 103% Penn Telep Corp 5s 103% Sale July 99% July 91 July 94% July 34% July 103 Penn Water 95% Sale 39% Sale Sale 43 i~6~66o 126,000 215",000 "4,666 106% Sale Sale 107 107% 73% Sale Sale 106% July 72 July July 104 38",660 67,000 35,000 50,000 72% Sale 6%s class A 1960 Piedmont & Northern 5s.l954 151,000 Pittsburgh Coal 6s 1949 5,000 Pittsb Screw 8: Bolt 5%s_1947 299,000 Pittsburgh Steel 6s 1948 1,000 Pond Creek Pocahontas 7s '35 145,000 Poor 8c Co 6s, 1939 670,000 Potomac Edison 5s ser E.1956 43.000 5%s series D 1949 869,000 4%s series F 1961 7,000 50.0001 „ Power Sale 102% Sale 104 Sale 96 97% Sale Sale Corp of N Y 5%8—1947 476,000.Procter 8r Gamble 4%s_.1947 105% Sale 106,000 174,000 649,000 97,000 197,000 137,000 290,000 6,000 18,000 29,000 8,000 Quebec Power 5s ...1968 162,000 Queens Borough G&E 4 %s '58 221,000 5%s 1952 29,666 30 91% July July 84 July 102% July 104 105% June Jan. 105 Mar. 18 o98% 104% 103% 100% May 16 100 94% 97% Sale 97% Sale 100% 95% Sale Sale 101% 99% 94% Sale Sale Sale 104 Sale 99 102% 100% 94% Sale Sale Sale Sale Sale 73,000 8,000 24 July 93"" July 2 927,000 39.000 13,000 140,000 54,000 15,000 86,000 1,904,000 3,390,000 Rochester Cent Pow 5a A 1953 1948 256,000 Ruhr Chemical 6s A 1,766,000 Ruhr Gas Co6%s 1953 435,000 Ruhr Housing 6%s A 1958 188,000 Ryerson (Jos T) & Sons *81943 60 Sale 63% Sale 72 Sale 792,000 St Louis Gas 8c Coke 6s..1947 3,107,000 Safe Harbor Water Pr 4%s '79 42 Sale 91% 66% 68% Sale Sale Sale 11,000 17,000 1,201,000 1958 San Ant Pub Serv 5s (The) July 96 July 21 74% Mar. 23 June Jan. 17 108% Feb. June 18 88 80 June 93 Mar. 30 Mar. 9 81 June 99% Jan. 9 100% Feb. 24 102% Jan. 13 107 May 27 (Name chang 80 June 99 Jan. Sale Sale 49 Sale 97% Sale 94 ed to Eepu biic 97% May 14 3 120% July 13 119% July 126 June 10 100 Jan. 101 Jan. 26 July July July July 99 July 101% July 99 July 94% July 105% July 99% July 99 July 99% July 100% July 102% July 100% July s94% July 102% 94% 94% 96% May 105% July 99% July 99 May 99% July 101% May 104% Apr. 101 May 94% May 100% July 25 100% July 6 102% July July 16 104 97 104% 97% 97% 97% July July July 40 June 90 May 78 June 90 Jan. 88% July 90% July 30 ' 97% July 118 Sale 98 July July 104% July 118 93 Feb. Feb. 96 Feb. Feb. 95% Jan. 94% May 21 27 20 24 29 23 13 20 100% July 25 103 May 26 Jan. 29 104 June 22 101% Jan. 6 105 May 22 100 s75 23 July 24 July 28 35 1 101 % July 31 31 60 May 100 87% July 29 n98% July 66% July 55 ~ July 30 July 62 July 8 n70 40 July 15 74% July July 46 July 27 69 90% July 13 92% July 30 Sale 105% Sale Gas—S ee above) Apr. 15 119% July Sale Sale 1 June 105 100% Jan. 43 July 99% Mar. 101% 31 Sale 24 104 6 7 7 7 89 63 Jan. 97 102% Jan. 95% June _ 22,000 San Joaquin L 8c P 6s B..1952 120,000 Sauda Falls Co 5s.._. 1955 Saxet Co 94% 105% July 66% July 101% July 4,000 Salmon River Power 5s..1952 144,666 July 17 July July July 100% July 103 103 % July 88 16 92 Feb. 17 Jan. 17 86% Apr. 20 97% Apr. 2 ol06%June 4 79% Apr. 16 102 May 27 80 90 21 June June 35 Reliance Management 5s_1954 577,000 With warrants 169,000 Rem'ton Arms 5%% notes '33 Republic Gas Corp 6s A..1945 4,618,000 (Formerly Saxet Corp) July & 90 2 105 —1944 Conv deb 6s. June 20 Jan. 7 29 97% ^uly 102% July 102 3 71 Sale Sale Mar. 23 101% Feb. Reliance Bronze & Steel— 16,000 Mar. 98% Jan. 92% July May 95% July 43 B_.1957 23,000 6% perpetual certificates 132,000 Pub Serv of Nor Ills 5s—1931 110,000 5s series C 1966 735,000 4%s series D 1978 1,952,000 4%s series E . 1980 2,314,000 4%s series F 1981 547,000 Pub Serv of Okla 5s D...1957 1,679,000 Puget Sound P 8t L 5%s_1949 1,386,000 5s series C 1950 748,000 4%s series D 1950 Jan. 102 8 May 19 104 105 27 104% June 25 105% Jan. 30 105% Feb. 4 107% July 22 Jan. 27 60 Apr. 30 80 22 6 17 7 102 30 July 92% July 12 8 104% Apr. 17 21 6 95 90 Pub Service Co of N J— 11,000 21 23 90 23 2 25 75% Jan. 75% Jan. 100% Jan. 97% Jan. 102% Jan. 94% July 104% June 95% Jan. 3 15 16 85 95 Sale 96 100% Sale 1954 pub Serv of N H 4Hs 22 1 July 1 July July 11 July 20 July July July 29 3 102% July 3 98% Jan. 1 Jan. 6 56% June 29 83 88% June 30 95% May 27 100% Jan. 27 100% May 15 14 104% July 25 75% July 86 July 83 July 93 Corp of Can 5s A 1957 series B 1959 255,000|prusslan Elec 6s Feb.1 107 239,000|pOwer 268,000 75% Sale Sale 84% 89 1947 Sugar 1st 7« Feb. 97 2 100 Mar. 17 95% Jan. 98% July 29 88* July 24 Apr. 7 98% July 23 99 June 2 9 56 84% Jan. Jan. 24 67 90 May 5 2 June 4 98 92% Jan. Jan. 16 102% May 14 100 July 20 17 107% July 3 74 July 29 97 107 1st 8c refunding 4%s 1957 Hydro-Electric Co U.OOOjPotrero July 11 103% July 13 100% July July 17 92 July 13 96 21 43.% July Piedmont T,000 18 102% July 28 5 115 July 30 3 106% May 14 July 24 92% July 6 1 104% July 6 102 July 10 104% July July 27 104% 2 105 July July 16 95% 4 96% Fob. 109% Jan. 104% Jan. 1952 Penn Glass Sand 6s..- 9 Jan. 21 59% 2 29 4 8 75% Jan. 67 May 28 Sale Phila Suburb Cos G 8c E 136,000 17,000 21,000 July 28 July 30 July 18 July 25 June 67% Jan. 23 7 101% Feb. 14 100 74% Sale June 50% July 99% July 9 99% July 24 99 % July 9 61 % July 7 98% '36 30,000 Phila Elec 5%a 1947 25,000 5s 1960 1,032,000 Phila Elec Power 5%s 1972 123,000 Phila Rapid Transit 68..1962 182,000 3 Jan. 50 Sale 952,000 Peoples Gas Lt & Coke 4s B'81 2,726,000 Peoples Lt 8c Pow 5s 1979 1,131,000 110,000 July 6 104 13 104% May 19 67 Feb. June 100 98% Penn Electric 4s series F_1971 5s series D_. 8 July 68 Dock & Warehouse Co 5%s series B July 101 Sale 6%s_i943 Park & TUford 6s 1936 Penn Cent Lt & Pow 4%s 1977 5s 1979 6s with warrants 7 6 10 95% C 1960 &Pow4%s__1968 23,000 Penn Water Serv 5s A 1967 4,000 21 July July July 67% July 98 July 98% July 98% July 57 % July Pacific Western Oil Penn-Ohio Edison 6s 615,000 1,107,000 566,000 97 % Sale Highest. Sale Prices. 1948 Pacific Pub Serv 5% notes 1. Lowest. 9 104 1 103% 3 50% 29 55 3 100% —1955 5s new w i jan. Sale Prices. 103% July 103 July 50% July 50 % July 100% July Without warrants 14,000 53.000 198,000 61,000 57,000 76,000 105 Pacific Power & Light 5s. 1955 Penn 16,000 488,000 F 1st & ref 41*8 F wi Pacific Investlag 5s 16,000 222,000 1,046,000 58,000 2.189,000 12,000 97% Pacific Gas & El 1st 41*8-1957 1st & ref 6s B Ask, Ask, Bid. Bid. 64,000 Osgood Co 6s with warr. 1938 1941 13,000 Oswego Falls Co 6s... 1931 221,000 Oswego River Pow 6s 2,546,000 since about Jan. 2 Since July range PRICES IN JULY. NEW YORK aggregate sales In EXCHANGE CURB YOEK July 18 14 100 31 118% July 20 105% July 88 Mar. Apr. 21 June 20 79% Jan. 55 July 61 42 4 Jan. 12 88% June 4 Feb. 16 96 106 Apr. 13 .„v, 76% May 2 83 00% Mar. 18 30 June 20 40 85 46 % Apr. 14 96% Mar*, ll July 15 July 27 89% June 10 53 30% June 97% June 109% May 115 Jan. Feb. 102 Jan. 94 % Mar. 16 Feb. 6 101% July 109% May 102% Mar. 118% May 105% July 31 18 28 29 6 96% Apr. 80% May 80 Apr. 91 July 84% Apr. 98% May 98% May 29 Saxon Public Works— 134,000 ~54",066 90,000 69,000 282,000 97,000 111,000 331,000 16,000 6,000 1,000 1,679,000 1932 5% G notes 115,000 Schulte Real Est Co 6s 1935 518,000 6s without warrants 1935 397,000 Scrlpps (E W) Co 5%s 1943 269,000 Servel Inc 5s ..1948 2,289,000 Shawinlgan W8cP4%s..l967 632,000 4%s series B 196S 58 series C 1970 900,000 2,642,000 1970 4%s series D 480,000 Shawsheen Mills 7s 126,000 Sheffield Steel 5 %s 1931 1948 16,000 Sheridan Wyo Coal 6s 1947 Silica Gel Corp 6%% notes with warrants 61,000 1932 387,000 Snider Pack 6% notes 1932 28,000 36,000 354,000 2,676,000 Southeast P 8c L 6s 133,000 31,000 35,000 34,000 1,276,000 Southern Calif Edison 5s 1951 641,000 Refunding mtge Ss 1952 General 8c refdg 5s 370,000 1944 Ref Mtge 5s 225,000 1954 108,000 12,000 762,000 Southern Calif Gas 5s...1937 5s 1957 278,000 1,000 ei'poo Sale 36,000 7,000 468,000 7,000 46,000 4,424,000 311,000 2025 5%s Series B 1952 6s 1950 1st & ref 4)*s Southern Gas Without 65 July Sale 60 87 Sale 87 July July July July July July July July July July 80 63% Sale 93 Sale 96% 93 Sale 96% Sale Sale 96% Sale 100% 93% Sale 100% Sale Sale 97% 97% Sale Sale 105 Sale 97% Sale 90% Sale 1957 Southern Nat Gas 6s 1944 96% 103% 96 % 90 45 29 93% July 99% Sale 103% Sale s94 Sale 105% Sale Sale 105% Sale 105% 105 Sale 105% Sale 106 Sale 103"" Sale' 90% Sale 1 Sale 73% Sale Without privilege 62 Sale 62 Sale 50 Sale 1 15 1 2 91 81% 97% 97% 3 105 1 97% 29 100% 9 90% 29 45 duly July July July July July July July July July 47% July 95 % July 16 105% July 97% May 14 101% Feb. 24 103% Mar. 9 Jan. 13 65 11 27 31 105% July 105% July 103 July 105%July 105% July 16 July 30 15 106 17 103% July 14 14 105% July 17 94% July July 103% July 96 July 22 102% July 23 13 103% July 13 95% July 1 July 27 99% July 16 99% July 28 50 31 27 64% July 63% July July 60% July 9 18 86% May 18 35% Jan. 3 90 Feb. 3 Jan. July 2 94 July 93 % July 21 1 46 93 July 17 95% July 27 2 106 Apr. 17 90% Jan. 2 6%s with warr.. ..1938 326,000 645,000 Southwestern GAR 5a...1957 For footnotes see page 56. 55 Sale s91 Sale 34 93 % Sale July 3 95% July 27 96 99% Jan. 19 103% 102% Jan. 12 104 104% Mar. 25 105 94% May 4 96% July 22 May 18 Apr. 22 Mar. 20 May 20 100 June 2 97% Jan. 9 95% Jan. 9 95% Jan. Mar. 26 40 June 10 89 84 May June 11 105 June 49% June 12 1101 110% June 943 93 May 11 Southwestern Dairies— 23,000 46,000 Feb. 25 54% Mar. 26 Apr. 13 Jan. 2 106 103 Feb. 2 106 May 23 102% Jan. 19 105% June 10 6 104% Mar. 16 106% June 105 5s ....1953 1,000 1,000 Sou New Engl Telep 5s..l970 98,000 Southwest Assoc Tel 5s__1961 95 103 South Jersey Gas Elec 8c Trac 35,000 11 9 22 7 18 25 105% Mar. 25 10 102 95% 60 July s94 July 103% July 45 .... 6,000 Southern G & E 5s A 96 100% 100% Sale 1961 Co 6%s 1935 warr 68 Sale 60 93% Sale 67% Sale 99,000 Sou Carolina Power 5s_.1957 2~40~,o66 15,000 90 34 July 21 93 Jan. 5 66 1 11 June 4 May 23 Jan. 14 97% Mar. 20 NEW YORK CURB EXCHANGE AOORBGATE SALES In July 129,000 156,000 5,000 1,000 • 434,000 Southwestern P & L 6s..2022 174,000 Staley (A E) Mfg 6s 1942 .1966 Sale 101 Sale 98 Sale 99* Sale "98" Sale" 98 Stand Power 8c Lt 6s 1057 Standard Telep 5*8 A...1943 Stlnnes (Hugo) Corp 7s Oct 1 '36 without warr. 7s 1946 without warrants.. Strauss (Nathan) 6s Sale 416,000 162,000 Sale 100* Sale 100* Sale 96* Sale 97* Sale Sale 74 Sale 60* Sale 65 Sale "95* Sale Stutz Motor of Anier 7 *# 1937 Sun Oil 5*s 1939 Sun Pipe Line 5s 1940 Swift & Co 5s 100* Sale 5s. . 99 Sale ..*..,...,*.1944 102 Sale Tenn Elec Power 5s._ 5s new w 563,000 14,000 Tenn Power Co 5s 1,141,000 Tenn Pub Serv Sk 1956 99* Sale Sale Sale Sale 1970 1,280,000 6*8 without warrants.1953 304,000 Texas Cities Gas 5s ...1948 73* Sale 95* Sale 1945 58 Sale 1956 99 Sale 1960 6s Sale Sale Sale 103* Sale 99* Sale 64 Sale 99* Sale 56* Sale 101* Sale 2022 327,000 Thermoid Co 6s with warrl934 4,966,000 Trl Utilities Deb 5s 1979 54* Sale 9,000 3,275,000 5s series B 1967 Union Gas Utilities 6*8 A 64,000 31,000 23,000 with 42,000 Sale 330,000 321,000 Without Corp 58_.__.1950 100* Sale warrants.. With warrants... 646,000 United Indus 6 *s ...1941 70 Sale 265, 000 U S Rubber 6*% notes-1932 185, 000 Serial 6*% notes 1933 53. 000 Serial 6*% notes.. 40 000 Serial 6*% Serial 6*% notes.....1935 96 000 49 000 83 000 notes 1936 notes 1937 notes 8erlal 6*% notes Serial 6*% notes 1938 Sale Sale Sale 90* 100* 103* 104 Sale 103* July 99* Sale 101 * July 99 July 76* Sale 90 "Sale Sale 65 Sale 70 Sale 83* Sale Sale 74 50 96 63 102* 100 91* 91* 102* 104* 1 ol05 1 July July July July July July July July July July July July 27 91* Sale" IP 6s with warrants 3,531,000 281,000 Virginia Elec Power 78 98* 99* 95 95* 72* 70 43 49 July July July Apr. July 98 June 96 102 80 81 50 99 92* 04* Sale Sale 91 Sale Sale 93* Sale 103* Sale 89* 107* 100* Sale 1 98* Jan. 102* July 20 99* July 27 94* Jan. 99 Jan. 99 Jan. Sale Sale 107* 100* Sale Sale July Sale 97* Sale 70 40 8* Sale 75 70 65 Sale 63 66 62* 66 61 92* s96 * Sale Sale 91* Sale 91 s96* 1935 48 Waldorf Astoria Corp— 1st 78 with warrants 599,000 1954 275,000 Ward Baking Co 6s..... 1937 435,000 Wash Water Power 5s 1960 365,000 Webster Mills 6 *s 1933 80 Sale 103 Sale 94 Sale 88* Sale 96* Sale 48 Sale 65* 104* 95* 91* Sale Sale Sale Sale 101* Sale 105 Sale Sale 54* Sale "97* Sale 91* 91* Sale Sale 54* Sale 105* Sale 48 6s 1944 2030 West Penn Pow 4s H 1961 41* 87* Sale Sale 18,000 West Penn Traction 5s_.1960 1,742,000 West Texas Utll 5s A 1957 5s series A new....__.1957 309,000 2,000 17,000 52,000 171,000 Westvaco Chlorine 5 *a. .1937 2,000 Wickwire Spencer 7*s. .1932 487,000 Wisconsin P & L 5s E .1956 5s series F 311,000 .1958 4,000 1,000 Wisconsin Pub Serv 5s. -1942 11,000 6s Series A .1952 47,000 5*8 Series B .1958 86 Sale 86* Sale 84 41* 86* 97* Sale Sale Sale July 15 July July 27 July July July July July July July July July 30 1 14 22 14 22 48 70 50 98* 92* 75 75 66-* 66 13 1 21 29 "" 65* 66 64 93 97* July 31 59 ._... 100 12 102* Mar. 18 104* July 5 ol05 29 102* 14 102* 6 99* Jan. 87 June 71 29 June 25 Mar. 11 July 20 May 11 Mar. 19 Mar. 12 101* May 15 80 Feb. 11 103 May 27 4 110* June 79* Mar. 21 Feb. July June 6 16 105* July Apr. iOO* Jan. 33 103 79* June 75* June 50 July 92 98 . Jan. 102 91* Jan. Mar. 9 91 Jan. 80 Jan. 97* Mar. 12 July 2 92 July 9 97* Jan. 100* Jan. 101* May 20 105 108 Mar. 27 June 12 69 67 June 12 June 4 80 July July July July July July July J.ly July July July 80* Jan. 13 36 June 22 60* Mar. 31 Apr. 2 40 80 Feb. Jan. 17 9 98* July 24 94* June 18 75 65 Jan. 28 June 10 84 65 June 10 83* Mar. 26 60 June 18 75 60 June 16 June 12 76* Mar. 25 76* Mar. 23 60 Mar. 20 Mar. 13 60 June 10 June 11 75 78 81 May 94 Jan. 93* June 30 99* June 22 77 Feb. 13 June 17 58 16 78 Mar. 20 Mar. 30 Jan. 25 98* Mar. 25 Jan. 60 Feb. 9 52 June 85 Jan. 6 Jan. Feb. Jan. June 105 July 28 56 July ~ 102* July 105* July 10 July 18 July 31 38 July 22 86* July 27 July 31 July 14 July 1 July July July July July 95 91* 89 54* 101* 104* July 20 Apr. May ay 25 Apr. 4 92* Mar. 12 90 May 7 July 30 July 1 July 21 24 29 22 22 21 9 14 7 30 2 3 9 45 90 98 96* 88 31 20 31 29 25 July 7 103 July 30 60 July 2 103* si 02* July 1 103* July 3 July 30 July 28 July 30 105* July 16 60 Sale Jan. 93* Mar. 19 93* May 14 3 102* 101* 82 102* MayJ12 July 7 July 1 July 31 July 24 Ju.y 31 102* Sale Mar. 11 6 Mar. 11 Mar. 21 86 ........ 14,000 York Ice Machinery 6s_. .1937 98 Jan. July Jan. 102* 92* 88* 87* 48 38 July 16 105* 8 May 25 97* May 21 93 May 7 91* May 19 June 10 99* Jan. 102* Jan. 96* Jan. 74 Feb. 25 104* June 3 14 105* May 11 101* Apr. 2 68* Jan. 16 July 22 85 Feb. 4 93 ~" Mar. 97* July 31 May 2 98 95 97 July 31 May 20 84 June 91 89 Mar. 21 Mar. 6 86* Jan. 102* Apr. 14 Mar. July 23 66* July 104* July 97* July 92* July 17 91* 52* 104* 96 84 Sale Mar. 30 June 19 Jan. Newspaper Union— West Penn Elec 5s Mar. 24 Jan. 90 ...1948 Mar. 19 Mar. 18 Mar. 30 80 85 13 102* July July July July July July July July July July July July 2 Mar. 18 1 105* July 20 102 1940 1955 68 4 Mar. 20 Mar. 9 Feb. 17 29 3 1937 5s §6* 80 26 Jan. Jan. July July 60 70 83 Feb. May 64 71 July 31 85* 85 July July 77* 100 July 92* July 94 103* July 105 92 89* July 107 July 15 108 100* July ~ 100* 46 Sale 24 97* June 89* Feb. 90 May 99* Jan. 102* Jan. July 97* Mar. 26 MS* 92* 72* July 32 50 2 June 12 72* Jan. 2 107* June 26 98 Jan. 19 102* June 4 102* June 22 101* June 4 June 17 86 June 4 85* June 3 100 85 July 21 83* July 31 Sale 1940 834,000 Virginia Pub Ser 5*8 A..1946 6s 277,000 1946 5s series B._ 391,000 ....1950 deb 90* Jan. 35 63* June 19 64 Sale Sale Sale 97* Sale Highest. Sale Prices. 76* July 3'i 80* July 7 73 62 65 7 July 10 59 July 99* July 16 100* July 10 95* 46 6 46 July 15 58* July 1 102* July 31 101* July 98* 109 6 106 July 16 109* July 2 50 59 50 July July 28 14* July 27 21 1 July 12* 80 102* Sale Sale 84 1. Lowest. 30 102* Sale 91 78 JAN. Sale Prices. 101 July July July July July July July July July July July 67 104* July 1939 3,000 Valspar Corp 6s 65,000 Valvoline Oil 7s Van Camp Packing— 6s 85,000 Conv 91* 101* 103* 1934 Serial 6s 1,733 000 1933 275 000 Utah Power & Light 5s..1944 276,000 534,000 57,000 July July July July July July July July July July July 99* 98* Sale 80 50,000 U S Radiator 5s ser A 1938 37,000 United Rys of Havana 7 *• '36 Serial 6*% Serial 6*% 43 32 50 49 19 99 United Porto Rican Sugar 6,000 6*% notes series A 1937 162,000 United Pub Serv 6s 1942 38 000 m Sale 102* Prices. 92* July 3 94* 43* July 28 52 July " 106 80 July 82* 100 July 101* 100* July 101* July 99* July 79 July July l&H 94 97 July 72* July 24 79* Sale Sale 100* Sale Sale 104 102* 99* 58 81* Sale 438,000 United Lt & Pow 6*8....1974 Deb 6s 1,602,000 1975 894,000 5*s 1959 3,232,000 United Lt & Rys 5*s 1952 6s series A 1,397,000 1952 5s 286,000 1932 52 000 63 Highest. Prices. 1937 warrants Union Gulf Western 24,000 59,000 57,000 3,000 231,000 36 Sale Sale Van Sweringen Corp— 357,000 7,000 103,000 30,000 98,000 94* 21 104* United El Serv (Unes) 7s.1956 15,000 Sale Sale 90* 100* 103* Union Electric Lt & Pow (Mo) 9,000 290,000 34,000 99 Sale ....1962 221,000 10,000 2,000 2,000 11,000 25,000 8,000 21,000 3,000 101* *...1956 3,124,000 Texas Elec Service 5s 931,000 Texas Gas Utilities 6a 2,988,000 Texas Power & Lt 5s 160,000 55* 100* 98* 90 1940 61,000 6,000 6,000 19,000 166* Sale" Sale 96 Super Power of III 4*8..1970 4*8 1968 15,000 48,000 43,000 61,000 15,000 165,000 181,000 778,000 259,000 24,000 Sale 1938 694,000 (Jlen & Co 6s 1944 134,000 Union Amer Invest 5s A.1948 673,000 Sale 44 105* 82* Sale Sale Sale Ternl Hydro-Electric Co— 77,000 Sale Sale Lowest. Ask. 3,000 Strawbrldge & Clothier 5s '48 147,000 65,000 288,000 73,000 219,000 16,000 14,000 344,000 46* 105 75* 95* 78* 64 July 31. Ask. Bid. Sale Standard Invest 5V£s 1939 5s without warrants.—1937 1,156,000 1,241,000 41,000 144,000 894,000 349,000 726,000 332,000 1,803,000 513,000 95,000 Standard Gas & Elec 6s..1935 Conv 6s ...1935 6s 1951 90 * 50 July 1. Bid. Bid. 334,000 Southwestern LAP 5z__1957 700,000 Southwest Nat Gas 6s...1945 22,000 88,000 29,000 102,000 64,000 196,000 55,000 "6",666 (1Concluded) 6s SINCE 2 1931. 1,766,000 1,525,000 1,760,000 1,033,000 219,000 163,000 1,942,000 101,000 RANGE Price Jan. 1. BONDS 51,000 56,000 35,000 21,000 125,000 189,000 178,000 83,000 28,000 32,000 227,000 46,000 PRICES IN JULY. NEW YORK CURB EXCHANGE Since Jan. 55 10,1 60 17 2 Jan. 104* May 29 July 101 Jan. 101* 100* 104* 101* Mar. 5 60 103* 103* 100* 106* 105* Jan. Mar. •Tan. July 30 May 14 May 20 Jan. 19 May 19 July 16 83 May 55 56 71 May 22 May 23 88* Jan. 79* July June 90 83* 77* July 2 July 6 July 6 July July 57* May 28 50 May 27 97* Mar. 14 90* Mar. 23 59 July 87 Mar. 2 FOREIGN GOVERNMENT AND MUNICIPAL 114,000 58,000 3,000 108,000 58,000 Agrlcul Mtge Bk Rep of Col— 20-year 7a Jan 15 1946 535,000 20-year 7a Jan 15 1947 278,000 Baden (Germany) 7s —1951 438,000 1,319,000 Buenos Aires (Prov) 7*s_1947 7s 548,000 1952 Cauca 51,000 88,000 14,000 86,000 31,000 32,000 428,000 400,000 59,000 45,000 162,000 12,000 14,000 11,000 Sale Sale 82* Sale Valley (Deptof) Repot Colombia extl * f 7*__ _1948 Cent Bk of German State 8c 1,022,000 Prov Banks 6s 1951 224,000 484,000 197,000 6s 5*s_1955 5s Sale 1st mtge coll s f 7s 541,000 1944 91,000 Lima (City), Peru, 6*a__1958 175,000 Maranhao (State) 7s 1958 173,000 Medellin (Colombia) 7s._ 1951 7 *s 497,000 148,000 Mtge Bk of Bogota 7s New 176,000 - 5 3J 1951 78 Sale 63* 57 Sale 42 July 24 72 Sale 40 July July July July 27 76* 31 71* 22 101* 22 100 July July July July July 18 30 25 24 23 29 14 27 17 77* Sale 74* Sale 70 Sale Sale 161* Sale' 69 46 s99* 97 67 77 Sale 67* Sale Sale 79* Sale 69* Sale 74* Sale 50* Sale 59* 49* 41* 64 55 95 Sale 27* Sale 80 15 29 9 28 28 87 79* 80 71 81 73 79 70* 95 72* Sale 56 July July July July 56 39* July 21 64 55 July 29 July 31 60* 60* 22 33 Sale 1947 ... 75 68 July July July July July 46 99* Sale —1953 Danzig P 8c Wat'way Bd 237,000 external s f 6*s... 1952 2,155,000 German Cons Munic 7s_.1947 6s 2,395,000 1947 226,000 Hanover (City) Ger 7s 1939 313,000 Hanover (Prov) 6*8 1949 Indus Mtge Bk of Finland Sale 1952 Danish Cons Munlc For footnotes see pag 80 77 78 363,000 Mendoza (Prov) Argentina 78,000 17,000 36,000 70 63 55 Sale 55 27* 39* 72* 9 4 38 May 28 July July July July 40 July July July July July July July 9 9 59* July 49* July 41 * July 64 July 55 July July July July July 6 " 46 99* Jan. 96* Jan. 80 July 6 July 14 July 15 75 Apr. 24 Mar. 7 Mar. 7 May 13 May 12 80 90 Mar. 17 Mar. 9 82* Apr. 13 95* Mar. 14 84* Mar. 19 29 21 27 17 33* June 1 54 June 2 52 May 28 56 6 80* 80* 2 102* 5 100* 27 31 July May July July 22 33 14 Mar. 31 95 Mar. 10 49* Jan. 13 59* Mar. 20 79 Mar. 13 78 Mar. 21 Mar. 19 80 76* Mar. 7 EXCHANGE NEW YORK CURB 56 Price NEW YORK Jan. 2. Jan. CURB EXCHANGE Since In July 1931. 1/ AND MUNICIPAL 95 X 98 1931 367,000 Mtge Bank of Denmark 5sl972 5,000 22,000 161,000 77,000 Sale 33 ----- 30 30 1% 1% 2% 1% 99 Sale 99% 1935 7s Saarbruecken (City) 7a..1935 101 ~99% Sale" Santa Fe (City) Argentina Republic extl 7s 151,000 373,000 Santiago (Chile) 7s—. 17,000 32,000 1943 1949 - 76 9 30 17 2 101X Mar. 9 98 2 101X Mar. Jan. 103 & Mar. 19 105% Jan. 25 10 11 18 2 18 54% Mar. 20 68 Mar. 19 3 i Jan. 13 2 8 3 27 24 11 21 July 22 100 July 15 104 July July 6 6 99X Jan. 70 July 7 57 X May 25 85% Mar. 20 .70 July 7 49 % June 2 50 X May 28 86 Mar. 23 86 Mar. 24 44% 2% 2% July 10 July 10 60 ----- 37 99% Apr. 40% July 29 July July July July July July July July July July July July 68 Sale 31 31 Sale Prices. Sale Prices. July 6 July 7 July 24 1961 175,000 Santiago (City of) 7s Highest. 99X May 25 Sale Sale 25 Saar Basin Con Counties 20,000 21,000 Sale Prices July 29 95 July 16 101 July 24 104 s. 709,000 Parana (Stateof). Bra* 7s_*58 1959 785,000 Rio de Janeiro 6%s 1919 74,000 Russian Gort 6%a (Hi certificates 1919 996,000 284,000 5Hi 1921 5 certificates.......1921 241,000 47,000 83,000 3,000 14,000 100 Sale Sale Prices. 98 104 .....1972 5s.......1952 115,000 Netherlands 6s 24,000 Newfoundland Highest 40% Sale Sale 94% Sale Ask. Ask. Bid. 42% Sale Bid. Ask. Bid. (Concl.) 1,258,000 Mtfie Bank of Chile 6s Lowest. Lowest July 31. July 1. FOREIGN GOVERNMENT $ $ 227,000 77,000 5,000 1. JAN. SINCE RANOE PRICES IN JULY. SALES. AOOREOATE May 28 22 X May 29 1K July 25 1% June 27 8 1% June 27 2 X May 92 Jan. 3 3 Feb. 3 Feb. 10 Mar. 14 19 June 19 103! 1043 June 17 Ex-rights. 8, General Rayon deb. 6s, 1948, $3,000 at 55 at lXl March 20, Northern States Power 7% pref., 50 at 110%; March 23. Illinois Power & Light pref. 6%, 18 at 97%; April 21, Prussian Electric 6s, 1954. $4,000 at 80%; May 5. Beneficial Ind. Loan 6s, 1946, $5,000 at 100; May 6, National Steel Corp. 5s, 1956, $31,000 at 99%; May 13, Chicago District Electric gen. deb. 5%s, 1935, $2,000 at 103>6: May 18, Shawinigan Water & Power 1st 4%s. series A, 1967, $5,000 at 98%; May 26, Cumberland County P. & L. 4%s, 1956, $1,000 at 100. June 3, Wright & Hargreaves Mines. 100 at 5%; June 15, Puget Sound Power & Light 4%s. series D 1950, $3,000 at 95; June 29 Gillette Safety Razor, deb. 5s 1940, $9,000 at 96X July 9, New York Power & Light 4%s 1967, $4,000 at 100%; July 22, Commonwealth Edison 4s series F 1981, $9,000 at 94%. "Option" sales were made as follows in 1931: Jan. 2, Associated Gas & Electric deb. 4%s, 1949, $3,000 at 63; Jan. 2, Associated Telephone Utilities deb. 5%s, 1944, $5,000 at 80; Jan. 2, Middle West Utilities 5% notes, 1935, $1,000 at 92; Jan. 2, Natiinal Public Service deb. 5s 1978, $3,000 at 66; Jan. 2, Southwestern Gas & Electric 1st mtge. 5s, 1957, $5,000 at 91; Jan. 2, Union Gulf Corp. 5s, 1950, $1,000 at 100%; Jan. 6, Union American In¬ vesting 5s, 1948, with warrants, $1,000 at 79; Jan. 9, Southern California Edison, 7|% pref. A, 200 at 29; Jan. 13, Stutz Motor Car 7%s, 1937, $1,000 at 58; Jan. 15, Virginia Public Service 6s, 1946, $2,000 at 88; Jan. 20, Interstate Power 1st 5s, 1957, $3,000 at 76%; Jan. 24, Washington Water Power 1st & ref. 5s, 1960, $1,000 at 102%; Jan. 28, Guardian Investors 5s, 1948, with warrants, $1,000 at 40%; Feb. 3, Indianapolis Power & Light 1st 5s. 1957, $2,000 at 99%; Feb. 5, American Solvents & Chemical 6%s, 1936, with warrants, $1,000 at 53; Feb. 10, Houston Gulf Gas 1st 6s, 1943, $3,000 at 91 %: Feb. 17, McCord Radiator Mfg. 6s, 1943, with warrants, $1,000 at 58; Feb. 24, Mortgage Bank of Chile 6s, 1931, $2,000 at 100; Feb. 26. National Trade Journal 6s, 1938, $2,000 at 15; March 10, Pacific Power & Light 5s, 1955, $10,000 at 90@98%; March 11, Virginia Public Service 6s, 1946, $5,000 at 94%; March 19, Union American Invest, deb. 5s, 1948, with warrants, $2,000 at 87; April 4, American Elec. Power Corp. 6s, 1957, $3,000 at 65; April 4, General Public Service deb. 5s, 1953, $2,000 at 93%; April 14, Ohio Public Service 5s, series D, 1954, $1,000 at 103%; April 15. Northern Texas Utilities 7s, 1935, $1,000 at 100%; April 22, Truscon Steel pref., 25 at 100; April 27, Public Service of Nor. 111. 5s, 1931, $1,000 at 99%; May 4, Asso¬ ciated Gas & Electric deb. 4%s, w. w., 1948, $1,000 at 69%; May 7, Southern California Gas 5s, 1957, $3,000 at 104%-105; May 7, Southwest Gas & Electric 1st 5s. 1957, $1,000 at 103%; May 20, Hecla Mining, 100 at 4%; May 21. Cities Service deb. 5s, 1966, $1,000 at 59%; May 27. Trl-Utilities Corp. 5s, 1979, $5,000 at 29%; May 28, Appalachian Gas 6s, 1945, $2,000 at 55; May 26, Merchants & Mfrs. Secur. com. A, 100 at 16%; June 2, Standard Invest. Corp. 5%s, 1939, $3,000 at 70; June 3, Appalachian Gas 6s, series B, 1945, $4,000 at 43; June 3, Sheaffer (W. A.) Pen, 100 at 30; June 3, Associated Telephone Utilities, conv. deb. 5%s, 1914, $5,000 at 76; June 4, Eisler Electric, 100 at 2%; June 8, American Aggregates Corp. w. w. 6s, 1943, $1,000 at 63; June 11, Associated Gas & Electric conv. 5%s, 1938, $2,000 at 63; June 11, Central States Power & Light 5%s, 1953, $1,000 at 61; June 11, Western Newspaper Union 6s, 1944, $1,000 at 38; June 16, Middle West Utilities, 5% notes, 1935, $2,000 at 91%; June 16, Thermoid Co. 6s, with warrants, 1934, $2,000 at 58; June 23, Union Amer. Invest, deb. 5s. 1948. with warrants, $2,000 at 93; June 24, Wisconsin Public Service 5%s B, 1958. $1,000 at 105%: June 30, Hartford Electric Light, 25 at 74. July 22, Curtiss Mfg. class A, 100 at 17% July 29, Associated Gas & Electric * No par value, Sold under the rule, n o Sold for cash. ? s Option sales, x Ex-dlvidends. y follows in 1931: Jan. 16, National Baking, com., 100 at 5: Feb. Automatic Merchandizing com. v. t. c., 100 at 5-16; March 16. Iron Cap Copper, 100 "Under the rule" sales were made as March 9, Oonsol. conv. 4%s series C 1949, $3U00 at 61. conv. Table Brought RATES Forward from Page 15. ON OTHER CENTRES. OF EXCHANGE Bul¬ Czecho¬ slovakia Canada July Kroner Checks Checks garia Ld Checks Checks Checks Cables. Checks Checks .59% 11.22 17.45 1.76%ol .77% 1.76%ol.77% 1.76%ol .77% .72% .72% .72% 2.51%o2.51% 2.51 %a2.5l % 2 o2.96% .59% 11.20% 3 u32% discount. 2.96 a2.96% .59% 11.20 17.45 *u% discount. 2.96 1964% discount. 2.96 fl2.96*1# .59% 02.96*16 .,59% 932% discount. 2.96 %% discount. 2.96 02.96*16 .59% 11.20 17.45 02.96*16 .59% 11.20 17.45 02.96*16 .59% 11.20 17.45 1.76%ol .77% 1.76%ol.77% 1.76%al .77 % 1.76*% 1.76%al .77 02.96*16 .59% 11.20 17.45 1.76% 02.96% 7i2asie% disct. 2.96 *16% discount. 2.95% 02.96% .59% 11.20 17.45 .59% 11.20 17.45 %% discount. 2.95%o2.95% #32% discount. 2.95%o2.96% **320*16% disct. 2.95% a2.96% **32% discount. 2.95% 02.96% .59% .59% 11.19 17.45 11.20 17.45 4*12804*128%dlSC. 2.95%o2.96% 4*i28fl*io% disct. 2.95%o2.96% **32% discount. 2.95%o2.96% 02.96% **32a7ie% disct. 2.96 02.96% 7ie% discount. 2.96 **32% discount. 2.96%o2.96% 7 8 9 10 %a**64% 11 732fl**64% disct. 2.96 disct. 2.96 • 11.20 17.45 11.20 17.45 13 14 15 16 17 18 . 21 22 23 24 —— .72% .72% .72% .72% .72% .72% 2.51 %a2.51 % 2.51 %a2.51 % 31**16031.83 31% O31.90 3l.90a32% 31% o31.S9 7.70 7.70 7.45 7.50 o7.70 7.45 7.50 O7.70 a31.89 31% 031.89 31.27a31% 7.45 7.50 o7,70 .72% .72% .72% .72% .72% 2.51 %o2.51% 2.51%a2.51% **320% discount. 2.96 %a2.96% 28 *16% discount. 2.96% 02.96% 2.51 %a2.51 % 2.51 %a2.51 % 2.51 %a2.51 % 2.51%o2.51% 31.83a32'ie 3D*i6o31.82 31*ii6031.82 31*ii6031.82 31.20a31»i6 31 % o7.75 7.45 7.50 07.70 7.45 7.50 O7.70 31.08o31*ii 31.15a31% 30,53a30i5l6 30.60a31.00 7.45 7.50 o7.70 '7.30 7.35 07.70 7.35 .59% 11.20 17.45 11.20 17.45 .72% 2.51%a2.51% 30.73a30**i6 30.80a30% 7.15 7.10 .59% .59% 11.20 17.45 1.76%al .77 .72% 2.51 %o2.51 % 30**16030.73 30% O30.80 7.05 7.00 11.20 17.45 1.76 al.77 2.51%o2.51% 2.51%o2.51% 2.51%o2.51% 2.51% 02.51% 2.51%o2.51% 30.6Sa30i3ie 30.75a30% 6.95 7.00 .59% .72% .72% .72% .72% .72% 7.00 .59% 2.5l%a2.51% %o2.51 % 2.51% a2.51% 2.51 %a2.5l % 2.51 %a2.51% . 2.51%a2.51% 30.53a30**i6 2.51%o2.51% 2.51 %a2.51 % 30.53o30**i6 30.60a30% 30.60o30% 7.30 7.30 7.35 O7.70 O7.70 30.93a31 *i6 31.00a31 % 7.20 7.15 07.25 O7.20 11.20 17.45 1.76 .59% 11.20 17.45 1.76 .59% 11.20 Y 17.45 .59% 11.20 17.45 al.77 al.77 1.77 1.77 al .77% O7.10 30.30o30% 30.30a30% 6.95 30.08fl30*io 30.15a30% 6.95 6.95 O7.00 29.48a29**i6 29.55a30.00 7*16 7.00 o7% 29.53a29**i6 29.60a30.00 7.20 7.20 07.25 29.83a30*i6 29.90a30% 7.10 o7.25 29.63a29% 29.70a30.00 7.05 7.00 o7.10 29.58a29% 29.65a30.00 7.05 7.00 c7.10 29.58 a29% 29.65a29% 7.00 6.90 O7.05 30.23a307i6 30.23a307i6 7.00 6.95 SUNDAY • disct. 2.96%o2.96% disct. 2.96%o2.96% 932% discount. 2.96% 02.96% Colom¬ .59% .59% 11.20 17.45 1.77 ol.77% •72% 11.20 17.45 .59% 11.20 17.45 1.77%al.77% 1.77% .59% 11.20 17.45 1.77% .72% .72% .72% .72% .59% 11.20 17.45 1.77% 2.51 7.05 O7.20 Singa¬ Shang¬ Yoko- Venezuela Chile Peru tugal Kong hai homa Manila pore Bombay Java Uruguay Bolivar Peso Sol Escudo Dollar Tael Yen Peso Dollar Rupee Guilder Peso Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks 20.00 17.24 27.85 4.42 25% o25% 17.24 12.07al2.10 12.07al2.10 27.85 4.42 17.24 12.07al2.10 27.85 4.42 25% o25% 26% a263i6 Por¬ Ecua¬ dor Bolivia bia Boliviano Dollar Sucre Checks Checks 35.97 96.62 2 35.97 96.96 20.00 5S.02o58% 58.02o58% 3 35.97 96.96 20.00 58.02o5S% Hong- Checks 32% o32Ui6 49.34o49% 32n16a32% 49.34a49% 33iiea33% 49.34a49% Checks Checks 49% o49% 49% o49% 49% 049% 56% o56% 35.98o36% 56% o56% 35.9So36% 56% a56% 35.98o36% 40.20a407i« 56% 056% 36.01o36 % 56% 056% 36.01o36% 56% 056% 36.03o36 % 40.20o407I6 40.25o407i6 49% a49% 56% 056% 36.03o36% 56% o56% 36.03o36% 56% o56% 36.10o36% 40.25o407I6 40.20o407i6 40.20o407i8 HOLI DAY 4 SUN DAY 5 6 35.97 96.62 20.00 17.24 12.07al2.12 27.85 4.42 25% o26 49% o49% 7 35.97 96.96 20.00 58.02a58% 17.24 12.07al2.12 27.85 4.42 25l3i6025% 49% a49% 8 35.97 96.62 20.00 17.24 12.07al2.10 27.85 4.42 25% 17.24 12.07al2.10 28.00 4.42 25% 49% o49% 49% o49% 49% 049% 9 35.97 96.62 20.00 58% 058.42 58% o58.42 10 36.38 97.00 20.00 58.00o58.42 16.67 12.07al2.10 28.00 4.42 25% 36.38 97.00 20.00 57.58o58.00 16.67 12.07al2.10 28.13 4.42 25% 32'ie a32% 49.34a49% 32'le o32% 49.34a49% a25i3i6 32% o323I6 49.34a49% 49.34a49% 025*16 31 % o31 o257ie 31% o31iii6 49.34a49% 025*16 31% a31»i6 49.34a49% 40.20o407ie 40.27o407i6 40.25o407i6 40.25o40716 SUN DAY 12 13 36.38 97.00 20.00 57.52o57 % 16.67 12.07 28.00 4.42 14 36.38 97.00 20.00 56.17057% 16.67 4.42 36.38 97.00 20.00 56.17o56% 16.67 12.03al2.09 12.03ol2.07 28.00 15 28.10 4.41 16 36.38 97.00 20.00 12.07 28.10 4.41 17 36.38 97.00 20.00 54.62a56% 54.62o56% 16.67 18.38 12.04al2.07 28.10 4.41 18 36.38 97.00 20.00, 54.62o55% 18.38 12.07 28.00 4.41 20 36.38 97.00 20.00 18.38 12.07 28.00 21 36.38 97.00 20.00 51% 052.62 18.38 12.04al2.07 2S .00 4.41 51% 052.62 ' 4.41 22 38.38 97.00 20.00 18.38 12.04al2.07 27.90 4.41 23 36.38 97.00 20.00 18.38 27.90 4.41 24 35.72 96.02 20.00 17.54 11,99al2.08 11.99al2.07 27.90 4.41 25 35.72 96.62 20.00 17.54 Il.99al2.07 28.00 4.41 27 35.72 96.62 20.00 50% 051.27 17.54 28 35.72 96.62 20.00 48.42a4S% 17.54 29 35.72 96.62 20.00 30 35.72 96.62 20.00 35.72 96.62 20.00 49.34a49% 49.34a49% 49.34a49% 49.34a49% 49.33a49% 49.33a49% 49% a49% 49% o49% 49% a49% 49% a49% 56% 056% 36.10o36% 56% 056% 36.07o36% 56% a56% 36.05o36% 56% 056% 36.05o36% 49% a49% 56% o56% 36.05o36% 56% 056% 36.05036 % 0241*16 30% o24iii6 30% o24iii6 30% o24i*i6;30% o24i*i6 30% 24% a24»i6 30% o30i*i6 a30i*i6 a30% a31 49.33a49% 49% 049% 49% 049% 49% o49% 49% 049% a30% a30% 49.32a49% 49.32a49% 49% o49% 49% a49% 49.33o49% a31 a30% 49.33a49% o30Hi6 49.32a49% o30% 49.33a49% a30% '49.33a49% 49% o49% 49% a49% 49% a49% 49% a49% 49% a49% 49% a49% 40.29o407I6 40.27o407I6 40.27o407I6 40,27o407I6 24% 24% 24% 24% 24% 49.33o49% 49.32a49% 49.32a49% 56% 056% 56% 056 *% 56% 056% 56% 056% 56% o56% 40.27a407i6 36.01o36% 40.28a407i6 36.00o36% 40.28o407i# 40.25a407i6 35.96o36 % 35.96o36% 36.00o36 % 40.20a407i6 36,00o36% 40.21a40"i6 36.00o36% 36.00o36% 40.21a407t6 36.00o36 % 36.00a 36% 40,22a407i6 40.22o407ifl 36.00a36% 40.22a407n 40.20a407i6 SUN DAY i 26 30% o31 % 31 a31% 30% 24% a24i*i6 31% 24% 0241*16 30% o30i*i6 24% 0241*16 30% 24% o25ii6 24% a25% 24i3i6024% SUN DAY 1 19 31 07.75 7.70 7.65 SUNDAY *8640932% 6i6a*932% 31 11 : 7.70 1.76%al .77 1.76%al.77 1.76%al.77 1.76%al.77 1.76%al .77 1.76%al.77 26 27 1 31.68o31% -- 20 3 2.51% 02.51% 31.75a32.00 7.70 SUNDAY 12 •-J 7.70 7.65 31% a31.95 31.75a31% SUNDAY 5 6 30 Cables Checks Cables Checks 31.68o31**i6 31**16031.88 HOLIDAY 4 29 MilreiS Dinar 17.45 25 Brazil Peso Serbia Pengo 02.96% 19 Argentina Markka Hungary Zloty , **32% discount. 2.96 **sa% discount.'2.96 1 Finnish Polish Lei Bucharest ' Dollar 46.67o46% 46.67047% 44.62o46 % 17.54 17.54 17.54 4.41 11.99al2.07 11.99al2.07 23.00 4.41 23.00 4.41 24% 0241*16 249i6 a24% 24»ig a24% !249i6 a24% 11.99al2% 23.00 4.41 24% a24% 11.99al2.07 28.00 11,99al2.07 28.00 4.41 30% 30% " 30% 30% 30% 56% 56% 56% 40.22o407i6 r: i< 'V MONTHLY AND YEARLY RECORD r;_ RANGE OF PRICES ON SECURITIES MARKET ON THE NEW YORK PRODUCE EXCHANGE Stock Sales. July 1931. ___■ Jan. 1 to July 31 AGGREGATE SALES In Since July Jan. 1. NSW YORK PRODUCE EXCHANGE 5,000 3,000 6.000 5,000 6,000 4,000 Shares. 1931. Bid. 1951 10234 105 Assoc Gas & Elec 6s 1999 Phila Electric 1st M 5s STOCKS Ask. 30 35 60 67 Bid. 109 1 .94 5 200 .07 Sale * * 34 ... B__. 5 100 American Investors $3 pfd 1554 17 * 30 35 87,800 Bagdad Copper 20 conv $5 Atlas Utll 33 pref A * I 100 Baltimore Amer Insur 1,000 Banca Comm'le Italia 1 12 2 X IIIII "II" .15 80 * .50 38 X Sale 134 134 534 234 .30 .50 .25 .40 X 54 X 2834 234 34 134 29 J4 434 134 5 "8" 8534 44 X 2 % 900 Cumulative Trust Shares.... 800 Detachable Bit of Amer Detroit & Canada Tunnel..* 100 Diversified Trust Shares A_. . 500 X IX 20 X 77 Sale 8 1,600 1 3 34 334 2 A Mill & Pow 600 Glen Falls Insurance 100 Globe Insurance Co """200 ""466 ""loo • 500 Golden Cycle Corp Cap 100 Granada Rouyn Mining .50 2134 "524 Sale" 434 624 2 3 1634 \4X 534 33i 20 18 39 .40 3 July 354 July .35 July 6 28 15 27* 3934 3834 July 7 3934 July 25 .49 10 .39 July 2 .50 July 14 6 454 5 4X July 24 534 July .19 .21 534 Jan. Jan. Feb. 15 33 Feb. 134 234 29 % 4 .25 .75 X July 10 Jul"y"l5 X July 434 July 10 21 1X 3 2 334 34 2 6°5 2 34 July 254 July X July 2234 1 2354 27 14 14 34 July 4 July 54 July 27 23 14 12 J! 28 34 22 .25 8 5-16 28 10234 July 28 July 22 July 8 July 30 2454 Sale 7 454 634 454 July 454 July al5* 334 4 Sale 5 July 21 54 July 31 15 5 15 1454 15 12 38 454 Sale 454 July Sale July 7 July 10 June 24 2 May 28 2 134 May 14c Apr. 29 2.00 July .96 Sale .92 July 31 1 6 2.25 July .96 July 6 8 31 .30 .60 .30 534 July .75 July 17 21 534 July .75 July 17 21 .15 .34 .20 Sale .10 July .30 July 334 Sale 254 July 20 30 2 21 534 July 4 354 July 14 * O'/s 1.35 1.50 1.50 2.00 14 1.60 1434 1434 July 29 1534 July 23 1.75 12 5534 Sale 1354 36 38 1.50 2.00 3234 3534 25 1.75 July 25 3 4 1154 14 3 1154 4 1 434 1234 July 10 1234 July 10 June 30 454 June 2 44c. Mar. 25 8934 Jan. 10 9534 Feb. 16 2 Feb. 6 57 Apr. 7 434 Mar. 24 4054 Feb. 6 40c May 5 134 Mar. 30 2834 June 24 7 Jan. 2 May 27 Apr. 29 14c. 50 Feb. 6 10 Feb. 10 5 54 Feb. 24 334 May 12 Feb, 16 1 May July July July June 27 27 14 14 30 334 May 15 134 Mar. 2 5 Apr. 1 34 254 54 834 34 July Feb. 1 34 Mar. 16 7 834 June 30 28 54 Mar. 13 5 90c Apr. 1 2 54 May 27 8 10334 May 26 434 Jan. 10 534 May 14 21 June 25 22 Jan. 8 2934 Jan. 12 33 34 Jan. 13 Mar. 9 634 634 Mar. 9 2 434 June BX Feb. 24 5c Feb. 9-32 Apr. 101 Apr. 54 1834 1134 434 24 8 Mar. 28 Mar. 12 734 Mar. 26 June 19 Mar. 18 June 1 June 3 1834 Mar. 18 1454 Apr. 6 1.50 Mar. 16 .92 July 6 3 4 Feb. 25 6 34 Mar. 14 3.25 May 28 1.02 Apr. 11 .20 Feb. 3 434 Apr. 30 Apr. 17 17 21 Jan. 10 50c. 130 .10 July 534 July .75 July 13 140X Jan. 17 28 54 Jan. 20 134 Mar. 254 July- 30 Feb. 17 12 28 .64 Feb. Jan. 12 7 .48 Jan. 28 4634 Jan. 12 48 2 15 15 Mar. 14 June 11 1.55 June 19 1.75 July 3 3 1 154 May 11 473 52 3 27 2 .20 Feb. .60 Feb. Mar. 13 2 102 13 4 June 17 3 2.20 Sale 8 1734 Mar. Mar. 9 2.50 Apr. 17 354 Feb. 14 7 Feb. 6 3 Mar. 18 28g4 454 July 21 1 9 1.48 Feb. 24 Feb. 4 June 4 July 134 July 4 Feb. 13 73 June 25 454 July 22 X 11 15 31 10 16 15 Jan. 2 6 34 June 39 25 234 Feb. y .77 334 1 3 Mar. 20 2854 Jan. 10 27 Mar. 13 .39 July 13 Feb. 23c 13 1 54 Feb. 534 June 10 354 Feb. 11 Feb. 1 June 16 2 .30 10 10 June 30 Jan. 13 154 May 334 July .10 July 8934 Jan. 9534 Feb. 1 May 6 2 .73 2.00 3 34 .15 6934 Apr. 1.90 May 134 Feb. 7 134 Sale 15.34 13 1 100 Guard Detroit Unit Group_20 4,700 Hamilton Gas * 7,600 Helena Rubensteln pref * 2 95c 154 Apr. 34 July .22 Sale .12 July 5-16 13-32 5-16 13-32 5-16 July 10134 10234 103 10234 July 1834 1,800 Group No. Two Oil 1 10 Guaranty Trust of N Y...100 No par value. 9 15 31 434 X 12 34 22,100 Flag Oil of Del capital.....* 10,700 Fuel OH Motors Corp __10 3,100 General Min Mar. 52 6054 June 2 X 120 Fidelity & Deposit (Md) 50 100 Fireman's Insur of Newark.10 _ "4",666 89 May 12 May 4754 Jan. 234 334 7 1 100 Elec Bond & Share frac scrip 300 Excess Ins Co of America 5 234 July 334 July .10 July 80 134 2 12 3,200 Eldorado Gold Mines Ltd._.l 1,000 Exeter Oil Co 2 23 109 M Apr. 23 8 6234 June 5 Jan. Feb. June 1734 Mar. 1 ""loo 20c 39 2H 2 * 141,800 50,100 Eagle Bird Mine capital Sale 45 X 3 35$ * 100 / Apr. 5c 45 .11 .20 600 1,200 21 15 Sale 434 134 19,000 Corporate Trust Shares..... 3.000 36 X .50 9 73 1 234 IX Sale 1734 C Mar. 4734 1 34 5-16 934 354 354 234 354 .15 Sale .20 85 33 .40 500 Consolidated Ind & Ins Co..5 500 Contln Bank & Tr of N Y..10 700 Continental Casualty 10 100 Corp Secur Co (Chic) units.. 12,800 Sale 3 1.30 "3",100 800 30 .05 B 1.40 July 50 4,700 Commercial Credit cond warr 158,000 Como Mines ...1 51.400 Cons Gas (N Y) rights w i 8,400 $5 pref when issued * 500 27 17 40 2.50 100 Columbia Investing 22,000 45 IX 500 Columbia Baking .......* 700 Col Baking 1st pref.........* 200 Second preferred .._* " .90 July 8 1634 42 1.25 90 Colonial Beacon Oil deb rts__ 100 8 1154 7 0 3-4 1,900 Color Pictures Inc 600 Sale Prices. 7 104 J4 July 7 47 Mar. 46M Mar. 10 5 8234 Mar. 17 8254 Mar. 17 .10 1 1054 310 Chemical Bank & Tr Co... 10 16,500 Sale .05 66 34 2,440 Chase National Bank.....20 700 1.00 .10 734 4,500 Chemical Research Corp....* 400 Claremont Investing Corp..* ' Sale 68 34 ....... 100 1. 104 34 July 6114 June 5 1,375 Bank of U S units 1,400 Basic Industry Shares...... 500 B G Sandwich Shops Inc...* 6,000 Big Missouri Mining 1 500 Bird Aircraft Corp * 100 Bourjois Inc $2.75 pref.....* 10,000 British Can Shares Inc.....* 2,100 Brown's Lunch System * 500 Butte Madison Mines 5 300 JAN. Highest. Sale Prices. 89 109 500 lir 400 Bandini Petroleum.......—1 ""106 Sale Prices. 7 104 54 July 7 * 1 Andes Petroleum 2,400 SINCE Lowest. Highest. Sale Prices. 11134 .05 134 15 100 Amer Glanzstoff A 100 American Insur (Newark) 1,500 ' Ask. warr Assoc Dye & Print v t c * 200 Assoc Gas & Elec $4 pfd new * Assoc Natural Gas.... * "§55 Ask. Bid. 10434 July 000 "loo RANGE Lowest. 10 100 Appalaclan Gas allot ctfs 25 Arkansas Pow & Lt 6% pref.* 500 July 31. Par. * 1,700 15,000 $60,000 2,571,000 '454,000 1966 Southern Cities P S 6----1949 500 Amalgamated Laundries 800 Amer & Continental w w 300 Amer Bemberg com 143,400 July 31 Cities Serv Pow & Lt 53$s 1949 Cuban Amer Sug 8s w 1..1936 27.200 American Sealcone 58,000 July 1. Par. 300 Am Util & Gen A 1930. $5,000 PRICES IN JULY. Alabama Power 5s 490 Aetna Insurance 100 All Amer General 200 1931. .. Jan. 1 to Jan. 2 837,750 Admiralty Alaska Gold 10,500 Aeromarine Klemm 10,100 July Price about BONDS Shares. 553,250 Bond Sales. 364,136 8,679,828 4,459,153 S 5.000 1930. Shares 1,094,597 Jan. 3 2 1534 July 23 1.55 June 19 254 Feb. 25 13 473 5134 Jan. 13 7 254 Jan. 934 Apr. 29 Mar. 54 Jan. 13 Jan. 14 534 Fob. 27 1834 Feb. 25 AQGREQATE SALES In Since Jan. 1. Par. Home Fire Security 200 Home Insurance 2,000 53* 313* 10 10 9,300 Homestead Oil Sc Gas 5,000 Howey Gold Mines Ltd "2,500 3* 100 Independent Brew Pittsb..50 I 292,700 lnternat'l Rustless Iron 300 Internat'l Trust Co 100 International Vitamin.-...* 700 Interstate Natural Gas.....* 500 Invest Trust Associates....* » 500 Iron rite Ironer 10,500 Jencks Mfg Co 34,500 Jenkins Television 700 2,300 700 18 irB J* 24 1 Kelvinator of Canada .* 48,300 Keystone Cons Mines Ltd..l 19,200 200 Keystone Copper Mining.. "8,600 6,000 129,600 4,700 6,000 200 1,400 100 ...» Kildun Mining.... Kinner Air & Motor ....* La 100 Lincoln 93* 5 500 Lessings Inc Macassa Mines Ltd 133* Macfadden Publications.._.* 1,300 ix ly 53* Sale 78 ...20 1,300 .5 5 9 * 3 ....* 100 Merch & Mfrs Fire Insur Metal Textile Corp 80 273* Sale Manufacturers Trust Co...25 600 Maxweld Corp 51 48 * * 900 Magnavox Co Ltd 2,300 Majestic Household Utll 730 Manhattan Co 100 Sale 6 100 Metropolitan Gas & Elec__10 Mt Diablo Oil Min & Dev.—1 TIoo 3,300 2,200 1,900 26,600 11,100 6 1.85 Sale 1.00 1.50 3 5% m 2 3 11 lVs 100 1,500 ~~Q~ " Nation Wide Securities B "'x IX 5 North Butte Mining 15 July 15 July .40 .60 Jan. 14 .60 July 15 12 3 .84 27 Feb. 43* 5 53* July 2.00 2.25 1.40 X 13* X July 6 20 33* July 25 43* July 8 53* July 27 1.80 July 31 6 July 2.10 July 27 27 July 13* July .73 July 3 IX 503* 23* 53* 1.14 1.18 3 63* July 6 13* July 15 .77 July 31 13* .73 53* 43* 10 13* July 13* July 21 173* July 13* 23* 66 Sale 23* 5 .25 .50 X 1.75 25 31 24 July 25 53* Sale 3-16 1 *43* 4X 1.10 Sale .25 83* July 20 13 20 15 29 28 3 52 27 Jan. Mar. Jan. 5 25c 53* July 31 6 3* July 1 43* July 1.10 July 30 * * 1934 200 Ohio Kentucky Gas 100 Ohio Valley Gas 2,700 '3",600 1,000 72,000 34,000 Pan Amer Airways warr.. Park City Consol 3",loo 1 Petroleum Conversion 5 25c * Gold Mines 1 200 700 200 ex 13 Jan. 14 Jan. 600 400 100 100 1,100 5 ......* 1,400 Royalties Management A 7,200 St Joseph Lead rights w i * 800 Saranac River Power 1,600 Seaboard Continental * July 1.50 July 5 31 1.10 June 600 ""loo 1,000 1,100 warr. ....* * 2,800 Shepard Stores Inc 7,500 Sherritt-Gordon Mines Ltd.l 500,900 Shortwave & Television.... 1 1 1,500 Siscoe Gold Mines Ltd * 300 Solid Ca bonlc Co Ltd $2.50 Southern Surety Co 13,900 Splitdorf Electric ... * T.656 3,200 B 100 Twentieth Century Tr Shs_. Twin City Transit Scrip ....* 100 Union Financial A 2,540 600 1,100 100 * 400 U S & British Internat B 1,100 U S Elec Lt & Pow tr ctf A..* B ♦ 3,600 2,800 Utilities Hydro & Rails w W-* Warrants 3,000 100 Venezuelan Holding Corp..* .... 1,000 * Ventures Limited 800 Vipond Consol Mines.......1 * 100 Warner Aircraft Corp * 100 Western Pub Serv v t c 4,000 1,500 * IX 143* 3X IX 163* 2.25 .40 .25 2.50 .40 53* 63* 43* 63* IX 11X 293* 2X Sale 32 A 360 Williams Alloy 103* 2 .... July 2.25 July 8 53* July 14 - 2 2.50 July 2 29 26 Feb. 25 June 6 Feb. Feb. 24 20 Jan. 23 2 24 1 Feb. 20 1 1 June 11 Mar. 10 2 .26 .32 Mar. 11 .60 Mar. 20 33* Apr. 27 73* Feb. 5 Jan. 13 18 Feb. Feb. 1.10 June 23 73* Jan. 29 7 3* Feb. 5 26c Jan. 14 53* June 25 53* June 25 2.25 June 29 2.65 June 25 June 20 63* Apr. 27 63* Jan. 16 993* June 2 45c 39c 50c 66c 75c 33* 3* .65 .45 153* Sale 483* 46 23* 75c. Sale 2 73* 6 Sale 6X Sale X 63* 1 1 133* 13* o 6 53* 423* .70 23 6 8 7 3* .47 63* 63* % 33* .45 23* 1 53* 53* 3* .70 .36 53* IX 1 July 103* July 13* July 15 22 17 1 July 103* July 23* July 10 3 14 103* July 18 15 3* Sale July 3-16 July 1 14 29 103* July 1 July 14 3* July 7 15 3 July 31 33* July 6 2X 13* 1 July 29 13* July 23 27 30 30 53* July 27 5% 5X 53* July 53* July 53* July 40 2 .80 .38 63* July 20 53* July 22 Sale 53* 37 50 37 2 3 32 X 283* 2 303* 3* 2 283* 293* 63* Sale 33* Sale 3* X .50 1.00 .52 .58 .40 .75 .85 .70 10 18 13c 17c .13 Sale 193* .15 .74 July .25 July 8 23 .96 July .50 July 20 1 43* July 53* July 28 29 53* July 53* July 15 20 May 26 •j» May 9 83* Jan. 28 7c May 20 2 July 283* July 63* July 33* July 3* July 30 17 31 31 14 July July 63* July 3X July 30 29 22 16 3* July 14 2 29 17 13* Feb. 20 6 Jan. 24 Feb. 6 3 Apr. 8 X June 16 92 Jan. 13 53* July 27 53* May 19 53* May 27 Mar. 17 1 Apr. 29 .74 July 8 3* Apr. 27 3 Feb. 20 43* May 29 5 May 27 40 1 Mar. 12 2 June 18 28 June 23 'j July 9 103* July 9 .11 July 23 .15 July 7 10 Mar. 11 Apr. 28 3* June 12 75c Feb 16 June 6 Apr. 28 23* Feb. 26 11 Apr. 4 33* June 18 7 Jan 13 10 June 30 185* June 29 10c May 16 40c 1 .50 .80 .15 Jan. 63* Feb. 21 May 6 50 103* 173* .10 12 1 73* 5X Mar 11 1 1 .30 .80 2 363* June 7 X 13 2 May 27 73* Jan. 3 48c .50 55 4 June 8 234 June May 18 2 Apr. 10 1 May 25 103* July 22 IX July 17 1-32 Apr. 17 4 3 53* 6X 7X 43* Sale X Sale Feb. June 17 85c 36 46 1 6 29 25c 45 26 13* July 123* July 293* July .85 Sale .45 Sale 3* 23* X 43* IX 55c. 10* 143* Sale IX Sale 73* 63* 2 24 10 8 18 17 3X 35c" "50c" 13 23* 2X 33* 103* Sale ..." 12* 5c 13* July 113* July 293* July 32 3 25 13 13 Products....* 68,500 Zenda Gold Mining..... No Par value. 4 1M:3 20 200 Wing Aeronautical Corp...10 10 2,800 Wisconsin Holding A 700 York Share Corp 2".500 7 2.55 4 * 1 pd 100 Trinidad Electric Co 3,700 Trustee Standard Oil Shs A.. 200 "2 6X 63* 7,200 Super Corp of Amer A B 2,500 4,600 200 .60 4X 240 Springfield Fire & Mar 'ns.25 200 Stand Oil Trust Shares A 1,400 Swedish Ball Bearing._100 kr * 2,200 Sylvestre Utll A 50,400 Tom Reed Gold Mining.....1 _...._._* 49,700 Trent Process 1,200 IX Sale 163* 353* 33* 43* 34 X ...10 600 Seaboard Surety Co 100 Swallow Airplane..., 1,300 53* 2,900 Seaboard Fire & Mar Ins..10 1,600 13* July 21 2 Mar. 1 25c 2.25 .35 * 400 Shamrock Oil & Gas 52,400 5 * * A 25,400 Seaboard Util Shares .20 4X 7 Mar. 18 Jan. 23 May 22 233* Jan. 5 43* July 30 May 11 73* Apr. 27 7 3* Feb. 9 993* May 26 i_* 300 Roovers Bros Inc 7% pref 100 .60 Mar. 20 1 »n .29 '43* 13 Mar. 11 1 July July 20c 5 w Reliance Internat'l S3 pref..* Rhodesian Selec Tr Ltd..5 sh * 500 Rio Grande Valley Gas 500 Roxy Theatres Corp 10c 4% 1,800 2,100 100 4 .29 Apr. 2 24 X Mar. 13* July .10 83* May 20 5 July 24 26c May 28 Feb. .49 1 18 15 7 10 20 24 2 May * div 2,600 Radio Securities A 16,300 Railways Corp "63* Sale" 1 Powell Mining Prop 500 Premier Shares Inc 500 Public Fire Insurance 700 Pub Serv N J pref .10 IX 3* 3 Mar. 11 63* June * Phoenix Oil Pioneer 13* .20 Patricia Birch Lake Min. 100 Pittsburgh Brewing 4,300 10,000 5 2% Mines.-10c 100 Petroleum Derivitives 1,000 1 IX 2 9 74 785* June 24 2 600 2 July 24 May 27 3* Apr. 11 2 13 Feb. May Apr. Jan. Apr. Jan. 53 11 Mar. Jan. 473* 683* 3* IX 33* 803* 20 83* July 12 May 28 15 4 733* 73 "73* "7X 43* Sale X July X 5 July July 15 4 6 63* 923* 543* 53* Apr. Apr. Apr. May Apr. Apr. Mar. Feb. Feb. Jan. 56c 24c 12 5 43* July 31 5 July 24 6 Mar. 113* June 17 53* Mar. 31 13* Feb. 26 6 July 27 2.10 July 27 1.18 May 26 93* Mar. 18 43* Feb. 24 77 July 31 63* Feb. 26 53* Feb. 26 123* Jan. 26 23* Apr. 17 20 3 20 7 13 26 30 27 31 14 14 21 21 23* Mar. 13 "13* "2X 5 July Jan. Apr. Feb. Apr. May July Apr. July May May May July 1 22 173* July 1 .44 July 7 1 .30 July 21 60 IX 3 40 1 30 15 31 Feb. 21 14 3 27 123* .38 Sale 15 18 8 3* June 25 2 193* Feb. Mar. 5 13 323* May 12 Jan. 13 3 20 Feb. 14 18 14 May 27 3 3 X 53* Jan. 33* Jan, 1.20 Feb. June 18 36c 2 July 1.25 Mar. 21. June 25 10 3* 63* X Sale 6 * 400 Nor & Sou Amer B July .33 2 1 10 88 73* $2.50 23 X .* .60 8 Mar. 4 363* Jan. 24 1.55 May 4 35c Feb. 3 23* Mar. 21 53* Apr. 28 6 .85 July 10 .30 July 10 333* Apr. 3X 65 X % Sale 5X North Amer Finance A 3 31 43* Sale IX 23* .76 Sale 23* 33* • 53* N Y Rio & Buenos Aires warr North Amer Trust Shares 14 July July 1.98 Sale 1.50 1.75 125* 2 5 78 47 3 3 77 43 86 63* Sale 400 National Pepsi-Cola 4~,605 July .95 123* 3 3 83* 1 10 5 6 10 10 June 29 13* ".25 "'".50 20 600 National City Bank 300 National Fire Insurance National Liberty Insur 3,100 14 35 100 National Casualty Co.....10 100 July July July 16^ 22 15 5* X National Aviation E warr 3,500 6 .85 .30 12 1,000 600 8 173* Sale 55 62 17 Highest. Sale Prices. 2 .34 Sale 1 $6 Preferred...... _.._.* 100 MacMarr Stores 7% pf w w 100 100 Magazine Repeat Razor B. 200 16 IX 1 V 123* Drilling Lowest. Sale Prices. Sale 10 C 400 779,500 2,200 1,300 Sale __1 Grange Place Mines 600 Leaders of Industry B 171,500 .60 13 4 23* 33* 43* * Highest. Sale Prices. 53* Jan. 33* Jan. .55 32 5 Lowest. Sale Prices. 1.00 .50 n 4 Sale 35 1 1% 9 10 _.._* 900 Kane Stores of N E "A" 200 13 6 .....10 5,000 Irving Trust Co.... *11 A* Sale K 20 . 2.00 .50 30 .65 .33 Sale .30 .95 .28 IX 1 5 63* 313* 6 303* 25c" "35c" 1 * 1 1,900 Imperial Eagle Mining 200 Independence Indemnity._10 49,800 6 3* 32 3* Ask. 6 32 .90 Sale 2 Ask. Bid. Bid. 1 500 Hutto Engineering Inc 500 Ask. Bid. July 31. July 1. 1931. 700 1. Price about STOCKS Shares. JAN. RANGE XINCE PRICES IN JULY. NEW YORK PRODUCE EXCHANGE Jan. 2 July Shares. 100 EXCHANGE PRODUCE YORK NEW 58 23* 183* 34H 43* 25c Apr. Mar. Jan. Feb. May 7 10 22 17 18 Feb. 25 4 23 17 10 17 7 43* Feb. 6 14 Feb. 11 13* Jan. 183* Jan. 23* July 1-32 Apr. 13 Feb. 20 Jan. X May 103* Feb. 27 6 2 Jan. 13 1.33 Feb. 25 4 June 29 50c Apr. 14 73* May 8 55c 73* Feb. 24 33* Jan. 98 Jan. 7 Feb. 75* Feb. 73* Mar. 1 19 14 18 25 16 Mar. 17 483* Mar. 2 25* Feb. 18 1.50 Apr. 9 3* Jan. 26 3 Feb. 20 63* Feb. 73* Jan. 21 12 63* Feb. 21 Feb. 18 1 Mar. 12 2 June 18 333* Mar. 19 83* Mar. 25 45* Jan. 8 3* Feb. 25 75c Feb. 16 52 .82 Mar. 17 1 Apr. 28 23* Feb. 26 11 Apr. 4 113* Mar. 3 7 3$ Jan. 7 103* June 27 183* June 29 Feb. 14 26c Chicago Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales. 1931. July Jan. 1 to In 1,911,000 ___.22,230,200 July AGGREGATE July 1930. Shares CHICAGO STOCK EXCHANGE Since Jan. 1. 1931. Bid. -1945 74 75 52 54 1.000 Central West Pub Serv 6s '36 76 80 95 99 15,000 14,000 2,000 1,000 4,000 "5,000 10,000 15.000 277,000 "2,000 153.000 1927 - 16 000 5s series B 13 000 1st mtge -1954 6s 1943 - 15 000 Commonw Sub Corp 55*8 1948 4 000 Cudahy Packing 5s 1946 5 000 Dominion Gas & El 65*8-1945 5 .000 El Paso Nat Gas 6 5*8 1943 10 .000 Federal Public Serv 6s.-1947 15 .000 Gary Elec & Gas 5s 9 000 Grigsby Grunow 6s 6 000 Holland Furnace 6s... 1 000 111 Bell Tel 1st 5s A— 8 000 Inland Gas 65*s 3,614 600 insull Util lnv 6s 3 000 5 without warrant 2,000 Ha 1943 Old Dominion Pow 5s A..1951 2,000 5,000 37.000 24,000 6,000 2.000 4,000 21.000 4.000 6s 1938 - 4Hs series E 1980 Pub Ser Sub Corp 5V*s A 1949 Southern Un Gas 65*8—1939 South United Gas 6s....1937 6.000 South United Ice 65*S—.1938 5,000 25,000 19.000 Southwest Nat Gas 6s...1945 3.000 Spruce Falls 1st 55*8—1935 24.000 Standard Tel Co 5 5*s A..1943 10 year conv 6s 15.000 1938 6.500 Stand Textile Prod 65*s._1942 1.000 Straus Safe Dep Co 55*8.1943 27,000 Swift & Co 1st a f g 5s 1944 1,000 208 So La Salle St Bldg 55*s'58 15.000 lexas Gas Util be 1945 6.000 Toledo Lt & Pow 5s ..1932 3.000 Union Elevated RR 5s...1945 44.000 United Amer Util 6 .....1940 4.000 United Public Serv 6s A..1942 10,000 65*% gold debentures. 1933 9,000 United Pub Util 55*8—1947 6s A 4,000 1947 1,000 Util Pr & Lt Realty 6s...1958 1,000 Wash Gas & Elec 5s 1955 25,000 Western Utilities 5 5*8— 1932 30 625* 625* 64 27 29 22 17X 20 11 7 14 13 11 23 26 14 17 8 29 33 19 42 48 105 106 96 5* 995* lOSH 100 112 98 985* 1065* 101 x Sale 965* 101 97 X 102 93"." ""I 80 87 1105* 102X 1025* 101X 1075* 25 81 84 35 Sale 42 50 90 995* 78 SINCE 1105* Sale 105 106 102 102 103 103 97 935* ..... 92 JAN. 1. 100 645* 59 1005* 100 865* Sale 62 835* Sale 58 61 60 68 90 45 30 75 405* 735* "80" 685* 695* 62 62 71 70 76 48 48 75 52 52 945* 96 108 Sale K* 95 75 60 705* 103 97 94 10 675* July 98 July 70 98 July July 15 23 81 July 15 865* July 11 1005* July 7 11 62 62 1055* 985* July 985* 94 92 80 55 93 80 6 655* July 6 46 46 88 77 80 70 July July 27 23 92 80 July July 27 23 June 27 Mar. 19 Mar. 30 104 5* 1055* 1085* 925* 1025* Mar. 20 Mar. 19 Mar. 25 Mar. 20 1105* July 6 1035* June 24 3 1005* Feb. Apr. Jan. Jan. 102 Apr. 20 108 July July 1085* 1135* 985* 1025* May June Apr. May 96 Mar. 25 105 675* July 13 98 July 23 30 72 74 52 805* 64 68 May Feb. 5 June 3 June 10 Feb. 63 Jan. 20 49 May May 955* 545* 685* 685* Jan. 23 Mar. 14 5 June 5 June Mar. 30 Feb. 17 Mar. 21 50 May 5 665* June 735* Apr. 735* Jan. 62 July 67 May 94 Apr. 965* Apr. 075* Mar. 15 Feb. 20 Mar. 25 405* 995* 025* 055* —- Feb. June Jan. Jan. 8 July 14 785* July 14 8 Mar. 13 6 Apr. 6 6 Mar. 6 Jan. 2 20 29 May 29 17 30 May 7 13 June 3 Apr. 17 20 Feb. 20 15 30 June 15 July 2n 15 tTIy 2 if 975* June 26 92 July 27 80 July 23 June 2« Jan. 76 Feb. 1 i 6 Mar. 2| 0 Jan. 2 lg July Feb. 16 Feb. 3 Jan. 20 June 25 May May 6 2\ 1? 2g Mar. x June 2x 4 885* May 19 May lx 03 79 10 Jan. lo 16 Mar. 15 1% Feb. 17 Mar. 14 Jan. 74 72 5 26 11 Mar. 405* Feb. 68 71 52 15 23 Feb. 72 99 68 74 52 75 77 25 July July June 26 715* Jan. 21 785* Apr. 14 May 20 Mar. 1045* Feb. 4 Apr. 35 75 76 88 785* 9 21 Apr. 16 Mar. 27 100 5* June 20 37 63 94 103'" 1035* 103 65 59 20 98 72 75 60 80 20 1055* July 52 98 65 835* Mar. 14 Mar. 17 Mar. 23 16 10 025f Jan. 97 U 755* 55 1055* July 93 100 77 Mar. 14 2 36 39 3 Mar. 23 Feb. 21 June 22 625* June 975* 93 71 52 80 825* 7 2 Apr. 7 595* June 8 595* May 8 28 July 16 61 July 11 102 9 21 1035* 1045* 1035* 1045* 935* 100 102 75 94 Apr. 10 1055* Jan. 1005* Jan. 1005* Feb. 108 104 65 85 "85"' 16 94 "965* 108 75 85 100 101 77 2 165* July 45 1035* 2 Feb. 105 995* 1005* 1005* July 65 106 Feb. June Feb. 57 1105* July 31 1105* July 1025* July 9 1025* July 68 995* 1005* 102 Jan. Mar. 27 ' 64 75 95 98 16 61 395* Jan. 12 July .... 61 "61"" July Prices. 90 95 615* July 24 28 July 16 635* July 30 635* July 24 63 60 935* 12 24 16 11 11 i : Jan. 2 ; Feb. 10 80 96 92 75 96 July 28 July 61 July 615* July Highest Sate Prices. 78 Jan. 2 58 June 25 17 —- 25 59 102 July 96 25 38 64 Lowest. 17 89 76 104"" 106" 17 61 64 98 101 July 1025* 1005* 102 109 108 1095* 108 July 9 108 July 107 109 108 1095* 1085* July 21 1085* July 1105* 1115* 1105* 1115* 90 955* 95 985* 955* July 10 955* July 635* Portland Gen Elec 4s 1933 Pub Serv 1st ref gold 5s..1956 1st & ref mtge 55*8 1962 5s C -.1966 27 33 1981 5s 1947 Sale Prices. 62 30 1941 Northern Util Co 6s A.-.1943 62 63 5* 64 5* 62 5* 64 395* Sale 10354 104 X No Amer Gas & Elec 6s..1944 Northwestern Elev 5s Highest. Sale Prices. ... 605* 605* 285* 61X 61X 1956 Pettibone-Mulliken 10-year 2,000 21.000 36 3,000 Nat Hotel of Cuba allot ctl '59 111,000 Nat Pub Service 5s 1978 32,000 Penna Pow & Lt 45*8 4,000 Peoples Gas Lt & Coke 1,000 32 ~62X 63 31 64 64 74 70 6 92 59 X 59 X 100 ... Ask 70 64 1936 1949 Bid. 92 1934 1938 $1,099,000 22,379,000 : RANGE Lowest. 64 64 1936 1940 July 31. Ask 625* 2 000 Jewelers BIdg of Chic 6s_1950 164 000 Kresge (S S) & Co 5s_—.1945 2 000 La Salle Wacker Bldg 6s.-1954 24 000 Metro W S Elev 1st 4s.—1938 14 000 Extension 4s 1938 1.000 67.000 5,000 4,000 1,000 Bid. 62 Certificates of deposit-1927 29,000 Chic City & Con Rys 5s 1927 368,000 Chicago Railways 5s 1927 227,500 1st mtge 5s ctf of dep.-1927 46.000 5s series A 1927 102.000 58 series B 1927 6,200 Adjustment income 4a 9,000 Purchase money g 5s.-1927 5,000 Chicago Stadium 6s 1943 67 000 Commonw Edison 5s 1943 5 000 1st mtge 45*s, series C-1956 3 000 45*8 D 1957 1 000 4 >*8 series E 1960 22 500 1st mtge 5s series A 1953 July 31 Sale 50,000 6s B 1945 6.000 British Columbia Tel 5s__ 1943 1938 July 1. Ask. 78 128.200 Appalachian Gas Corp 6s 1945 3,000 Cherry Burrell 6s 78,000 Chicago City Ry 5s 1930. $421,000 6,095,000 PRICES IN JULY. Price S 2,000 1,000 12,000 7,000 Jan. 1 to Jan. 2 BONDS Al'ied Owners 6s 1931. July SALES. 5,000 5,000 Bond Sales. 3,504,600 48,724,500 Jan. Mar. Jan. Jan. 605* Feb. 63 Feb. Mar. 11 Mar. § 1? l\ 1* 9 2 75 May 75 7 May 795* Feb. 26 Apr. 735* 805* 82 June g June 2® 52 57 89 995* Sale 99 995* 995* July 38 375* 285* 365* July 29 285* July 22 18 18 1 995* July 1 May June 8 June 25 Apr. 23 995* July Apr. July 1 2$ f 2g 3 STOCKS Shares. 1,000 300 90 ""166 ""950 650 400 100 30 Shares. Par. 7.250 15.140 3,235 8,300 7.920 15,845 49,100 * 35 25 35 Adams (J D) Mfg com _♦ 19 Adams Royalty Co com * Ainsworth Mfg Corp com._ 10 All-Amer Mohawk Corp A. 5 Allied Motor Ind Inc com...* 64,240 Allied Products Corp cl A-_» 1,610 Altorfer Bros Co conv pref ♦ 8,580 Amer Comm Power A * 180 200 10 * Abbott Laboratories com Acme Steel Co.---. No^paJwalue. 1st preferred Class B $65* A common $7 class A preferred xEx-dividend. Sale Sale 195* Sale 36 275* 28 27 185* 20 35* 85* 1 9 1 45* 20 28 10 IX 5 Sale 33 nx 12 80 * 70 * 205* * 82 85* 27 108 15 32 155* Sale 14 15* 75* 35* 95* 1 1H 135* 175* 335* Sale 125* 69 23 23 85 35 Jan 25 June 25 1 Mar. 27 Feb. 24 18 May 12 2 June 29 7 1 1 May 26 Mar. 6 Feb. 10 Mar. 19 Jan. 3 13 July 295* July 185* July 1 10 13 75* July 24 75* July 24 July July July 16 13 18 15* July 155* July 11 3 12 May 27 July 13 31 35 10 26 June 36 125* July 17 15 1 12 30 75 85 38 July July July 125* July 775* July 17 2 Jan. 125* July 62 June 3 5 17 4 255* Mar. 11 875* Mar. 19 35* Jan. 3 Apr. 14 Feb. 165* Jan. 775* July 28 20 16 2 Mar. 21 875* Mar. 19 Jan. In Since Jan. 1, STOCKS 560 340 1,800 . f Amer Service American 54 45,540 * 200 300 Amer-Yvette Co Inc com * 950 Assoc Tel & Tel Co $6 120 600 7,375 100 250 5 7,650 130,725 $6 950 $6 conv prcf A 700 $7 """20 2,215 cum cum pref 50 Auburn Auto Co 1054 12 62 69 80 96 50 300 2,100 40 1,050 850 6,550 * 590 Bucyrus-Monighan class A 540 Bunte Bros com 30 130 1,250 2,100 4,750 270 1,100 100 180 2,050 4,800 180 140 15,060 5,350 500 400 1,850 200 10 ""370 "700 7,800 950 10 130 10 10 40 197,900 500 200 7,825 500 100 700 350 200 9,800 Burnham Trad Corp com 19,000| Convertible preferred 69,590.Butler Bros.. ""400 37,750 5,450 10 70 43,850 3,200 32,800 1,700 230 ""140 150 120 70 50 350 270 550 3,900 300 150 150 50 85 754 8854 3 1154 91 354 Sale 54 22 154 17 21 15 Sale 2 Sale 554 Sale 6 5H 26 154 254 154 554 554 17 Sale 93 2054 Sale 20 16 1654 96 96 Sale 9554 90 Sale 90 32 3254 20 15 July July July 15 17 14 1554 July 14 19 2 1654 12 31 14 1554 July 13 July July 1 1 98 96 Sale 90 X Sale 2 354 154 3 154 154 2-T 454 454 1254 2 54 1054 354 2954 31 1154 Sale 3154 254 254 2X Sale 26 27 25 29 7 1754 July July 28 7 15 34 25 14 1354 July "24 X July 1 July 254 July 13 8 2 X 87 „ * 9 Sale 254 254 ..100 45 33 100 40 43 4254 54 * * 5% 35 X 100 * 54 Sale Sale ...—5 1,520 Davis Industries Inc A * 2,390 Decker (Alf) & Cohn Inc...* 210 Deep Rock Oil conv pref..100 2,100 Dexter Co (The) com 860 De Mets Inc pref w w__ 5 3,650.Duquesne Gas Corp com * * 1,620 Eddy Paper Corp (The)..—* lll.OlO.El Household Util Corp....10 1,350,Empire G & F Co 6% pref.100 750 6 % preferred 100 2,750 7% preferred ..—.100 1,100 8% preferred 100 14 X 7 55 1834 X ..... 11 2554 65 75 75 86 854 Sale 48 47 1554 Sale Sale 111 25 110 554 .... 65 4 20 25 8 10 10 15 Sale 70 80 82 92 154 10 July 9 July 16 " 54 July 754 Sale 45 4554 46 1454 1454 Sale 25 25 Sale 105 10954 10354 10 14 "354 "~4 20 754 754 1354 9 25 1054 10 10 19 Sale 1654 Sale 59 Sale 56 61 Sale 5954 6154 Sale 7154 72 6254 Sale 7054 21054 July 6 Common prior pref * 260 cum prior preferred... Fitz Simmons & Connell Dock $6 $7 845 800 2,500 210 cum 25 50 35 26 30 26 30 55 49 58 4754 55 68 49 62 4754 58 62 23 25 2154 11,390 & Dredge Co com 92,302 Foote Bros G & M Co 1,940 Gardner-Denver Co com 2,450 Gen Candy Corp cl A— 630 Gen Parts Corp conv pref— 5 * 5 3 33 3 554 Sale Sale 38 2254 Sale 154 Sale 19 420 4 2 10 5 7 5 1 18 23 33 30 20 6 6 July July July 15 1 21 52 July July July 18 554 July 1 July 9 54 July 354 July 1 18 13 July 14 854 July 7 8 754 July 14 21 20 8 20 10 13 10 20 July July July 10 July 1554 July 5654 July 60 July 6154 July 15 15 ' ~ 31 July 24 72 July 13 1954 July July 61 July 6354 July 72 July 1 1 1 17 24 59 41,HO. 5,200! Re par value# Common new.. Preferred. g J£x-u> viaend. * ---* 6 2354 2454 854 20 24 1 July 20 July 7 6 July 9 154 July 21 July 354 Mar. 20 4 354 July 29 454 July 3 9 June 27 Jan. 27 2054 Mar. 21 1 Feb. 13 Jan. 31 Feb. 26 Feb. 2 Mar. 11 Feb. 25 12 Apr. 10 9 1054 Jan. 3254 May 13 454 Mar. 24 3 Jan. 13 June 1 Jan. 23 154 Jan. 23 June 3 July July 21 15 1054 Feb. 26 4054 Feb. 26 Mar. 17 554 June 12 65 7 Jan. 2 15 Apr. Apr. 15 6 June 4 60 Feb. 11 1354 June 3 2154 Feb. 4054 Jan. 11 Feb. 19 6 44 25 June 24 13 119 Mar. 17 45 10354 July 554 May 19 1254 July 22 3* Jan. 5 Mar. 26 8 18 7* May 26 July 21 43 July 20 254 Jan. 14 20 8 June 1554 July 48 15 June 5154 May 26 50 June 67 June 15 June 10 Mar. 17 June 26 Jan. 9 June Jan. 4 2 Mar. 10 1054 Feb. 14 Jan. 16 654 Feb. 11 1054 Mar. 12 2954 Feb. 27 65 Jan. 8 70 Mar. 12 80 Jan. 27 92 Jan. 9 37 50 May 15 6154 Apr. 25 68 2054 May 21 1 June 12 18 June 11 29 Mar. 19 Jan. 29 6754 Feb. 14 1054 Mar. 17 9 454 Jan. 7 Jan. 7 454 Feb. 14 1354 Feb. 25 354 Apr. 27 2454 Jan. 14 30J4 Feb. 17 1 "454 554 954 9 254 Feb. June 26 2254 July 6 54 June 18 45 1 22 27 Feb. 3 85 Apr. 27 July 29 34 52 554 July 20 954 July 7 49 July 3 1654 July 2 2554 July 17 110 July 7 July 554 July 1254 July July 3'54 July 54 July 36 7 13 Jan. 3 454 Feb. 27 3154 Mar. 20 4 Apr. 30 60 Mar. 2 954 Feb. 3 22 554 June July 6 iGen Theatres Equip Corp— 450 2 15 5 29 26 21 Jan. 9 4 4 Jan. 4 17 June 27 1054 July 654 July 2954 July 254 July Fed'l Elec Co Inc— 1,795 Mar. 354 154 June 22 1254 454 June 23 8 25554 19054 June 2 Jan. 1454 9 Jan. 84 54 June 26 10 2054 2 2 Mar. 30 7854 July 28 954 May 21 25 July 454 July 34 July 52 July 554 July 7 July 554 18 95 6 5 254 Jan. June. 4 Apr. 3 May 54 Jan. 54 July 154 July 54 14 10 88 Jan. 26 ~ 28 July 28 Sale 3454 3454 55 54 54 Sale 17 16 Sale Feb. 14 22 154 July 954 July 654 July 30 6 Sale 9X Sale 12 254 40 5 10 20 2554 Jan. 13 85 Apr. 1 1754 Apr. 4 1954 Mar. 20 July 254 July July 20 54 54 554 Sale 3554 Sale 60 6 654 Sale 29 28 154 3054 27 26 25 23 3 3 Mar. 17 12 34 X Feb. 18 754 Feb. 26 Feb. 6 Feb. June Feb. Mar. Jan. Jan. 84* 11 6 8 3054 9854 754 1754 154 54 29 June 23 12 11 9 197 2 13 254 Jan. 80 93M 28 3 4 9 11 31 19 24 3 11 Mar. 12 5 2 20 9 28 - 28 29 July July 5 Sale 199 7854 July 954 July Feb. May 54 Jan. 24 Feb. 254 Mar. 8054 Mar. 25 54 Feb. 954 Mar. 10 Feb. 98 4 7854 July 1254 July 154 July 37 lH 6 40 5 80* Sale 10 2 28 16 1 Mar. 20 69 June Jan. 3 Sale 20454 Sale ""8 May 19 May 13 19 13 July July July 9 July 11 June 12 19 3 22 21 2 3 7 3 2 15 11 20 56 54 5 16 25 7 Feb. 28 July 31 7 July May Jan. 354 July 10 7 Mar. 27 3 8454 Jan. 2454 Feb. 11 1354 June 104 54 Jan. 27 9454 Jan. 88 June 9 9654 Apr. June 4 75 75 June 17 June 12 July 28 llH Feb. 16 29J4 July 15 37 14 July 25 1454 May 16 Apr. 14 67 Apr. 14 75 1354 July 24 2754 Jan. 13 Apr. 23 85 Apr. 23 85 2 54 Jan. 54 Jan. 2 554 Mar. 18 254 June 3 5 Jan. 15 4 Apr. 8 X July 3054 July 254 July 10 55 85 " lift 10 5 XM 7854 1554 Sale 16"" 16 Apr. Mar. 19 Jan. 954 July "" July July 91 July 3 54 Sale 9 254 254 3 54 Sale 454 754 254 2X 4 58X Sale 10 10X 15 1754 July 99 17 July 2954 July 14 ... 14" "16"' 954 7 16 1354 July 75 14 27i 80 Sale Feb. 9 29! 1054 Feb. 13 2654 June 17 10 21 X Mar. 30 29 1754 Jan. 16 3 Mar. 3 14 Feb. 4 16 11 754 Mar. 11 June 3 50 1754 Sale 3454 1754 Sale 2954 37 8 3X 12 24 July July 76 80 Sale 100 X Sale 4% 5 454 5X 17 14 July 2 July 1654 July 93J4 July 2054 July July July 10 6 4 June 16 1854 June 12 154 May 7 1554 July 14 91 Jan. 2 20 Apr. 25 7054 June 23 II Apr. 28 454 July 11 19 13 Fob. 88 Mar. 12 4 July 5 50 ..... 14 85 July July 154 July 154 July 52 Sale 70 7 15 14 16 30 13 20 6 7154 July 16 11 July 17 954 July 14 14 Sale 65 454 July July July July July July 91 75 17 654 Sale 2,018,710 Cord Corporation 5 49 50 24,650.Corp Sec of Chic allot ctf...* 1454 Sale 434,150! Common * 40 Sale 22,334. Crane Co com.. 25 5,6401 Preferred ..100 115X 117 X 20 Cudahy Packing com 50 6 5X 2,000 Curtis Lighting Inc com * 740 Curtis Mfg Co com 22 254 1054 Sale 94 X 90 MX Sale 3 Co—* 8,400 20 5 2,960 Coleman Lamp & Stove com* 22054 Sale Commonwealth Edison 100 150,730 Sale 12 Rights 110,100 9354 30 Com ty Pow & Lt Co ?6 pref.* 14 11 * 1,580 Com'ty Tel Co cum part e 754 3,270 Community Water Service..* 10 7 Construe Mat'l Corp com—* 4,250 28 2554 S3 H pref erred .....— * 9,400 Sale 3 ...—5 12,005 Consumers Co com 537,360 Cont Chic Corp common 91,150 Preferred 60 Continental Steel pref 5401 Common v t c 54 70 Sale Club Aluminum Uten V t c pur warrants 1454 54 54 454 July 15 Mar. 18 Apr. 28 132 1454 June 88 Jan. 1 July 1154 Jan. 1 Feb. 54 Jan. 1154 July 354 July 13 54 May 1954 June 1254 June 54 July 54 July 54 July ""54 70 9 May 12 a5 20 53 2 554 A.....* com.5 79,025.Chicago Investors Corp com * 10,250': Convertible preferred. * 70 Chic N S & Milw com 100 1,120! Prior Hen preferred -100 1,610' Preferred 100 690 Chicago Rys part ctfser 1.100 250! Part certlfs series 2_. 100 40 Part ctfs series 3 100 630 Chicago Towel Co conv pref * 1,198,330 Cities Service Co com * 3 July July July July 15 14 "1354 10 740 Chicago Flexible Shaft 11,600 10 13 15 14 Sale Sale 55 Sale 82li 3054 9854 154 1354 1754 July 15 9854 July 13 1 July 28 1254 July 30 20 1454 74 73 79 82 22 2454 July 1854 154 "9254 25 Sale 84 14 2154 July 5 July 4 254 154 2" 1954 Sale Sale 78 17 11 July "22 llM'July 29 3 X July 29 2154 July 14 1354 54 it* 2** 29 X IX 1454 91X 23X 15 23^ Sale Sale 24 16"" "1/7" 6 5 4 554 20 2 July 4 nH 12* Sale Jan. 9 Mar. June 15 Jan. 6154 Apr. 92 May 54 Jan. 14 June I July 56 June 1454 June 4 May 10 Feb. 1854 July k k 154 54 > 5 5 2,850 Class A.... * 1,050 Chain Belt Co com * 210 Chain Store Prod Corp pref.* 60 Channon (H) Co 1st pref.,100 1,110 Cherry Burrell Corp com.. 10i Preferred ———.i———100 28,330 Chic City & Con Ry pt sh__ 3,200! Participation preferred—* 910 Certificates of deposit * 554 1454 1354 17 16 14 July 92 2 July 6 Feb. 16 354 5X 854 854 1354 6154 8854 9654 June 19 100 Apr. 25 2554 June 12 8054 July 9 8254 2054 8054 7354 8554 132 354 1554 July 154 July 1954 Sale 9754 98 97 3 1 10 * Sale k Sale i May June 26 65 3 10 2 21 Jan 8454 May 26 15 754 354 3 2 8 1454 July 24 1 July - 5 4 15 6 June 56 60 2054 Sale 5 4 154 54 56 Sale 1954 Sale 10 * 20 Preferred 92" 16 2 Jan. 4 Feb. 154 Feb. 24 654 Mar. 13 20 54 Apr. 9 3 June 12 18 50 9454 13 1554 65 25 95,130,Central S W Util com new..* 5,260 Prior lien preferred * 7,330l Preferred * 10 Cent West Pub Serv B pref..* 6% prior pref A 354 ..... 38 154 3 8,340:CanaI Const Con conv pref..* 14,650 Castle & Co (A M) 10 21,410 CeCo Mfg Co 1 nc com * 820 Cent Cold Storage Co com.20 23,370 Central 111 Pub Serv pref...* 50,090 Cent 111 Secur Corp allot ctfs 1,240 Central lnd Power pref 100 6,830 Cent Pub Serv (Del) com * 100,010 Cent Pub Serv Corp A * 910 Cent States P&l. Corp pref.* 210 Central States Util $7 pref..*1 650 950 354 July Sale ... 9554 60 10 10 Chicago Electric Mfg 10 14 "5854 Sale 60 15 2 1754 501 Common l,025,990:Borg-Warner Corp com 10 5,250 j 7 % preferred 100 5,900 Borin Vlvltone Corp pref— 9,050 Brach & Sons (E J) com * 1,410 Bright Star Elec Co A » 480! Class B_ * 8,700 Brown Fence & Wire cl A * 7,800'. Class B » 24,350 Bruce Co (E L) com 50 .... 67 64 cv pref. 530.Blums Inc cony pref 38 22 154 * 3,450 Beatrice Creamery com 58,950 454 554 54 Sale 10 * 943,850|Bendix Aviation Corp com..* 4.490'Binks Mfg Co cl A m 454 18 ..100 9,100'Ba8tlan-Blessing Co com l,120|Baxter Laundries Inc A 30 9954 Sale IX 740 Backstay Welt Co com 160 Balaban & Katz Corp com .25 11,400 Bancokentucky Co com 146",750 254 * com Preferred 354 July 85 Automatic Washer Co cv pf_* 330 3 73 2X w Sale 2454 Sale 8554 July 73 8554 86 X 97 2* 94 Apr. 25 254 May 13 ™x 57 85 65 13 21 254 July 454 July 6 July 10 July 5854 July 8754 July 6754 July 9954 July 2454 July 8054 July 8054 July 8554 July July 21 July 7 8054 July 25 7354 July 9 56 88 54 Sale * * * prior pref._ 400 2* July 54 July 754 Feb. 26 354 May 19 8754 July 30 July 2 2 554 July 90 6554 9954 9854 2454 Sale 80 X Sale 22 54 • 2 65 4X Sale 10054 105 100 Util Co com Assoc Tel 50 80 87 21 30 54 July July 11 July 22 July 16 July 1 July 8 July 11 July 1 10 40 67 100 ""'550 57 w w. 7% preferred 200 50 Sale 454 July 8754 July Highest. Sale Prices Prices. Sale 4 3 254 4% 454 5H 3H 20 Highest. Sale Prices. 21 4 2 ClaSS • 2* 454 354 X 21 20 t c B 13,960 Appalachian Gas Corp com.* * 25,630 Art Metal Works com 650 Assoc Apparel Ind com * 2,700 Associates Investment Co„* 1,500 1,450 54 8* * com v Sale 88 89 Sale American St Pub Serv cl A_ 150 Amer Util & Gen 370 92 54 American Pub Serv 4% Sale &H 454 Sale Equities Co com..1* pref.,100 Radio & Tel St Corp--" American Ask. Ask. Bid: Lowest. Lowest. Sale Prices July 31. July 1. Bid. Ask, Did. Par. 15,300 5,670 13,050 30 1,530 2 1931. Shares. Shares. 1. Price STOCK EXCHANGE July JAN. SINCE RANGE PRICES IN JULY. CHICAGO SALES AGGREGATE EXCHANGE STOCK CHICAGO 60 Feb. Jan. 35 15 Feb. 16 CHICAGO STOCK 61 EXCHANGE asT AGGREGATE SALES In Since July Jan. 1. Shares. Shares. 2~950 ■K 2 1931. STOCKS Par. Certificates of dep cap...* 4,440 Godchaux Sugar Inc cl B * 12,900 Goldblatt Bros Inc com.. * 300 10,000 3,250 221,650 Great Lakes Aircraft A. 127,320 Great Lakes D Ac D com 180 380 Greif Bros Cooperage A 2,800 22,800 5,550 150 70 4,560 6,350 250 2} * * 100 28 Illinois Brick Co 25 230 Illinois Nor Utilities pref.100 430 Tndep Pneum Tool » t c * 50 Ind Terr Ilium Oil Co A * Inland Util Inc clasj A.....* 241.750 1,646.675 1,450 Insuli Util Invest Inc.......* 50 3,050 23,035 Without warrants... ... Preferred series 2...... * 20 Interstate Power $6 pref.. * 1,030 Interstate Power Co $7 pref.* 20 '"'650 6,690 53,110 2,650 100 1 nvestment Co of Amer com.* Iron Fireman Mfg Co ▼ t c * 820 7,950 Jefferson Electric Co com...* 37,300 Kalamazoo Stove com ...* 5,700 Katx Drug Co com 1 56,150 Kellogg Switchboard com..10 Preferred 100 2,100 5,270 Kentucky Util Jr cum pref.50 100 16,360 200 12,300 Keystone Steel Ac Wire com.* 1,200 250 600 220 Ken RadTube & Lpcom A 1 88 ""566 234 May 25 4 5 334 Sale UK Sale Sale *8* el* 60 com 34 June 34 July 3 May 1334 Jan. 134 Jan. 1734 June 1834 July 334 Apr. 234 Jan. 1234 June 9 July 5 Apr. 8 8 30 15 28 25 31 28 10 1534 4 34 2034 20 534 334 16 10 8 July July July July July July July July July July 60 Feb. 11 4 39 5034 Sale 1134 434 2234 2434 1534 Sale 534 5 "15" 96 16 1134 9834 98 1534 Sale 2934 Sale 75 74 77 Sale 9034 100 84 87 634 1634 8 1734 Sale 1 234 100 30 3834 13 34 134 6 1034 134 1134 2 31 Sale 69 70 75 Sale 9034 100 1634 1634 2134 Sale 16 21 46 49 98 ..... .5 Sale 43 24 June 1134 434 334 1134 Jan. June Feb. July 12 " 31 8 1434 Jan. 634 Jan. 1 June 1034 Mar. 20 Feb. 534 Apr. 2834 Feb. 14 21 16 4 2 18 25 28 21 Mar. 19 2 10 29 634 634 1934 1634 1334 Jan. 6 Mar. 2 Mar. 23 Jan. 23 10 90 Jan. 4934 Jan. 19 29 Feb. 9 Feb. 11 6 68 73 7034 Sale 92 100 250 3,056 Lindsay Light 26 Preferred... 134 July 18 2634 July 29 72 July 25 6934 July 31 92 July 13 134 July 3334 July 72 July 534 1134 7 34 12 18 July 92 July 6 July 22 1134 July 16 7 15 July July 16 16 July 20 2134 July 1 23 July 3 434 July 2 65 July 7 5034 July 27 234 July 13 1034 July 21 18 16 22 Sale 334 Sale 50 Sale 65 51 4834 254 1034 3 84 July 20 July 15 July 27 July 15 July 7 July 1 July 13 July 22 3534 July 28 20 6 3534 July * ..10 com... 10 300 Lindsay Nunn Pub $2 pref..* com.... * 17,750,Lion OH Ref Co Packing Co • ll.llOjLynch Corp com ~ 2,130;McCord Manufacturing A..* 8,210 McGraw Electric com * 1,410 McQuay-Norrls Mfg * 24,400 McWilllams Dredging Co .* 239,850,Majestic Household Util com* 15,500 Manhatt-Dearborn Corp com* 200,Mapes Cons Mfg Co cap.....* 2 Jan. 23 7 1634 Jan. 29 21 June 3 June 11 15 2 6934 July 92 July 7534 June 434 June 1034 Apr. 14 14 4934 Feb. 13 93 Jan. 48 June It* June 7 1 75 Apr. 6234 July 24 1 July 10 5 134 10 42 21 15 Sale 38 19 8 6434 July 24 5 July July 10 7 934 1834 July 834 July 8 July July 28 17 29 3 2234 July 934 July 14 22 334 July 28 34 July 8 1834 July 15 434 July 36 July 20 July 22 8 3 10 _ 3834 18 1634 Sale 3634 38 13 „6 30 34 17 19 Q 95 1034 3734 2134 234 "534 Sale* Sale 9 40 38 Sale 3934 Sale 4 934 42 Jan. 1 May July 24 934 July 18 3734 July 24 2134 July 31 , 1034 July 20 July 23 2334 July 3 38 10 934 July 29 3734 July 18 38 July July 1 18 2434 July 23 18 July 15 134 July 6 2634 July 18 vJuly 134 July 7 15 6 Feb. Jan. 10* 13 19 1334 Feb. 21 234 May 29 34 July 8 1534 Jan. 2 8 Apr,* 23 5 16 4234 Jan. 31 2334 Apr. 13 July 22 Mar. 11 Jan. ^ 83 16 July 10 934 May 15 3634 June 3 1834 July 29 6 5 22 Mar. 24 1434 Mar. 26 16 _ 10 4 80 _ 40 21 3 34 Feb. 6 1834 Mar. 19 6 1034 Apr. Feb. 25 25 Feb. 25 Feb. 18 May Jan. 10 Sale 1534 Sale 1634 8 434 834 W* 43 Sale 19 36 Sal* 9 18* 5 64 51 3534 July Jan. 1 *78" "85" 6 10 Apr. 13 534 Mar. 2 1334 Mar. 19 Feb. 25 15 2 Mar. Feb. 34 July 18 25 Mar. 26 8 2534 Mar. May 25 13 Jan. 6 3 234 May 6 1034 Mar. 30 6 23 2234 Feb. 17 June 11 50 11 Feo. 9234 Mar. 92 July 92 Apr. 13 34 Feb. 31 13 2 22 27 Apr. 27 1634 Jan. 334 June 28 I" 3 Jan. 60 ... 1834 Mar. 19 934 Mar. 10 3 96 69 75 2234 Apr. 14 30 10034 Apr. 22 3434 May 5 41A Feb. 21 1034 June 11 10034 June 11 ,1a a. 16 4 1 June 5 36 1134 134 2 2734 Sale 22 * Lincoln Printing Co 7% pf.50 Common........... * 22,510 25 1734 July 634 July 5 July 1134 July 100 July 9 10 com "l'506 1734 1534 July 434 July 4 July 1134 July 9734 July 72 ~6}4 Sale" 1334 Sale 15 29 1534 2934 1634 334 Sale 45 2334 25 1734 Sale 634 Sale 2 434 1134 Sale _..* 5,270 Cumulative preferred....* 210,840 Libby, McNeill & Llbby 10 3,446,Loudon July 034 July 7,34 July 27 44 600 Leath Ac Co 100 17 Sale 1,000 Kimberly Clark Corp com...* 1,750 Lawbeck Corp allot certifs..* 850 •: 2034 Sale 19 1734 1034 800 Lane Drug com v t c._ 200 Cumulative preferred 700 4 Sale 1 July 34 July 634 July 14 July 3 July 1834 July 1834 July 334 July 2 34 July 1334 July 9 July 75 2,506 Highest. Sale Prices. 1 33* Sale 1034 1034 110 Kuppenheimer Ac Co B 4,000 La Salle Ext Unlv com 170 Lowest. Sale Prices. Sale 70 * Preferred.. 200 Kirsch Co conv pref........* 130 Common * 1.710 Highest. Sale Prices. a 100 90 20 85 49 common 14,020 T.050 25 Lowest. Sale Prices. Spencer Bartlett Ac 10 450 234 Sale 6 634 214 Sale 1634 Sale 1134 Sale 2% 11 25 Co July 31. Ask. 4 'IF* T* "¥ 5,450 Hormell Ac Co (Geo) com A..* 57,660 Houdaille-Hershey class A..* Class B * 52,450 11,350 90 210 July 1. Bid. 1 610 Hussman-Llgonter Co com..* 1.500 2,000 1434 634 Sale 23 J 20 10 2,300 Harnlschfeger Corp com 7,500 Hart-Carter Co conv pref Hlbbard 7,000 Ask. 10 * * 500 Hart Schaffnar Ac Marx '""380 Bid. * * * com 5,550 Greyhound Corp com 647,170 Grlgsby-Grunow Co com 37,250 Hall Printing Co com 150 1. JAN. SINCE Price 350 210 RANGE Jan. 2,400 Gen Wat Wka Corp class A* 82,550 Gleaner Com Harv Corp cap* ~ 50 PRICES IN JULY. CHICAGO STOCK EXCHANGE Jan. 13 Feb. 24 23 Jan. 42 20 Apr. 25 Mar. 25 2534 Jan. 1634 Jan. June 13 734 June 29 15 2 Mar. 10 Mar. 26 Jan. 5 Feb. 19 40 2134 July 234 Jan. 934 July 35 Feb. 31 19 29 31 7 20 Feb. 25 40 Mar. 19 35 17 {Marks Bros Theatres Inc— 7,390 Convertible preferred....* 43,200 Marshall Field & Co com * 4,600 Material Service Corp com. 10 6,950 Meadow Mfg Co com .._..* 2,400 100 50 1,400 '"'300 175,900 2,150 1,050 2,300 630 8,700 300 680 ""366 15 17 Metrop Ind Co allot ctfs....* 40/ 1234 32 33 32 400 Warrants B__ $6 conv. pref, "A" 2,250 Vail Util pr $7 preferred 140 1,710) com Preferred com 7,550 200 9,350 2934 434 634 85 1734 134 1% 91 19^ Sale^ 38 3934 o,* 20 17 434 2934 234 6 92 89 Sale 24 Sale 5 34 3 634 87 15 6 8 20 21 29 634 293$ 2234 23 2134 23 7% preferred 100 9 2434 2334 91 10 25 Sale 234 134 1 14 534 214 234 Sale July 87 July 30 87 July 11 434 July 24 2234 July 30 334 July 13 95 July 1 89 July 30 534 July 3 25 July 10 334 July 2 434 July 2934 July July July 79 July 2 July 1 July 14 July 22 9 13 20 24 7 16 31 634 July 23 July 2134 July 20 634 July 2934 July 2234 July 20 15 9 2 6 79 134 134 1334 3 14 V 95 Without warrants... J3 Yi Pub Service conv 32 Sale Sale Sale Sale 4 34 34 134 July 34 July 31 2 3834 July 13 15 July 1 June 17 II* June 8 Jan, July 22 Jan. July July 5 17 4 Feb. 11 5 Feb. 11 3 Jan. 16 23 Jan. 9 7 Jan. 7 9034 Feb. 16 85 Mar. 25 Apr. 27 24 6 Feb. 20 Mar. 11 Apr. 2 Jan. 14 1034 Mar. 11 6 3834 Jan. 22* 97 8 25 Mar. 28 Jan. 29 534 Jan. 33 9 July 534 May 79 July 134 July 134 Feb. 26 May 15 Feb. 11 Apr. 4 93 May 26 634 Apr. 11 434 Apr. 10 1534 Feb. 25 Jan. 534 June 10 20 Mar. 31 6 Feb. 24 2 10 9 Mar. 27 9 Mar. 100 June Jan. Feb. 4334 Feb. 334 June 2234 Juno 334 June 4 9 15 Jan. 10034 Apr. 14 Jan. 19 11 2534 Mar. 10 July July 8834 Jan. 1434 Apr. 334 May 85 Apr. 87 Feb. Feb. 24 Apr. 1434 Jan. 434 Jan. 2334 Feb. 1434 June 1 May 134 May 9134 July Mar. 30 1134 Feb. 28 2934 July 15 4 1 28 Mar. 18 95 Feb. June 30 91 Mar. 25 134 July 31 34 June 12 6 Jan. 14 1 Jan. 8 3834 June 11 47 Apr. 2 31 Jan. J* 76 Jan. 10 Mar. 2134 June 8734 May 89 374 34 9 1534 July 79 93 74 22 17 15 20 24 20 16 21 2634 1134 3234 2534 234 Jan. Jan. Jan. Apr. Mar. 36 July July July July July July July July 4 Jan. 34 May 1834 Apr. Apr. 34 June 19 3934 34 8134 9434 34 July 95 3 9 2 34 July July July July July July 80 July 9134 July 20J4 July 34 July 1834 July 3734 July 88 15 July July 834 July July 30 1834 July 7 134 July 6 2 July 2 9634 July 6 July 1634 July 1 July 134 July 9134 July o 17 32 21 20 8134 July 93 July 74 July 9034 July 8934 8634 434 2034 334 2334 1734 134 734 15 1534 July 15 32 July 9 8 July 31 81 94 Sale 13 134 6 77 93 74 75 3 34 2?* Sale 134 Sale 9234 conv A.* Co mil on National 150 5 20 33 Sale 2 82,375 Nat Family Stores Inc com..* 6,256 National Leather com 10 2,500 434 8 * 2,650,Nachman Springfilled com.* r4,660,National Battery Co pref • 17,750 Nat Elec Power A part • 220 Sale 23 21 6 60 89 534 80 465 Sale 87 • 9,856)Muskegon Mot Spec I 9434 7834 100 9054 Sale 16 1734 Mountain States Pow pref.100 5,856) 500 94 95 * 3834 8lg 89* 434 26 34 334 100 3.190 7934 8034 9234 100 7834 87 88 H 9134 2334 Sale * ...* 5,250,Muncie Gear Co cl "A".._ 150 Sale 14,19* 3734 334 650 1,000 Sale * com 1,360 Mosser Leather Corp 126 Sale 1 834 9 134 234 1934 20 1734 Sale 134 134 2 134 9534 96 Sale * 18,600 Morgan Lithograph 60 10 134 19 3934 Co com__5 1.9l6jMonroe Chemical Co 900 5 ... 2,120 Mohawk Rubber Co com 1,430 Monlghan Mfg Corp A— """190 2 Sale 47 Sale lien pref..* ...» 161,866,Mo-Kan Pipe Line 4,466 Modine Mfg com 200 20 .... Preferred 6% A 100 Preferred 7% A 100 Miller & Hart Inc conv pref.* Mlnn-Mollne Pow Impl com.* 2,l60,Miss 250 14,550 134 1534 Warrants * 2,270 Midland Util 6% pr lien_.100 2,975 7% prior Hen 100 1,630 134 13 34,006 4,156 21,656 234 634 25 20 1734 12,680 Midland Nat Gas Co part A.* 148,635iMidland United Co com....* 20,450 Convertible preferred* 170 50 154 23 34 18 17 23,770 400 6 20 18 1234 27,866 170 7 6 2534 Sale 1734 20,250 Mickelberry's Food Prod coml l,110Mid Cont Laund Inc A » 9,350 Middle West Tel Co com ♦ 1,961,250 Middle West Utilities new..* 31,350 Warrants A 650 120 1834 3 -2- 45,915 Mer & Mfrs Sec cl 20 450 Sale Sale 16 A com...* 210 Memphis Nat Gas com * 80 Mercantile Disc Corp A.....* 2.750 6 27 16 Corp— preferred 3934 41 39 Sale 39 45 39 July 1 Nat Republic Invest Trust— 4,460 450 "2",960 200 300 7.700 Allotment certificates 35,166 Nat Secur Invest Co com 14,975 cumulative pref l60 53,816 Nat Shareholders com.. 600 35.850 850 5.450 100 60 140 * 100 * 26,750 North American Car com...* 7,850 Nor Amer Gas & Elec cl A. 106,960 Nor Amer Lt Ac Power com..* 13,656 No Ac So Amer Corp A com..* 42,306 Northwest Bancorp com 50 3,200 Northwest Eng Co com • 1,586 Nor West Util pr lien pref.100 2,420 7% preferred 100ij No par value. a Ex-dividend. 17 July 13 334 July 30 70 July J 1734 July 434 July 70 July July 15 July 17 234 July 30 38 July 31 2934 July 434 July 234 July 1134 July 1134 July 64 July 534 July 28 34 July 11 July 92 July 80 July 1834 1234 6934 634 17 1834 4 70 Sale Sale 70 29 Sale 2834 434 Sale 71 16 10 i" 4134 — — 1834 88 Sale 40 12 Sale 1234 65 Sale 6 2934 6»4 30 8 94 10 Sale 8334 Sale Sale 3 4 2 234 Sale 40 ..... 15 4 44 16 12 Sale Sale Sale 12 91 95 Sale 24 28 15 31 31 28 11 June Mar. July July 134 Jam 2934 June 40 May 1134 July 4 15 July July July 14 July 31 July 16 30 July 11 July 9534 July 92 July 10 Feb. 61 Jan. 534 July 2734 June 10 May 8934 Jan. 80 July 9 Feb. 27 19 5 3434 Mar. 19 25 35 1134 6934 534 2834 734 87 25 June 334 June 62 * National Standard com.....* 4,000 Nat Term Corp part pref 9,500iNat Union Radio Corp * 72,060 Noblltt-Sparks Ind Inc com.* 20 Northern Paper Mills com ""406 • 1 8 5 Feb. 5 Feb. 24 19 473* Mar. 40 May 12 31 Feb. 21 Feb. 9 6 Mar. 1134 Mar. 37 Jan. 1834 Mar. 3 7 9 »|102 Feb. 7 98 Feb. 7 111 CHICAGO 62 STOCK EXCHANGE In Since July Jan. 1. STOCKS 1931. Bid. 10 Okla Gas & Elec 7% pref 10 I,100 100 500 Convertible preferred....* 210 6,850 100 6 % preferred ~19~54 18 Sale 100 ... Penn Gas & Elec A com 16,750 55 50 Sale 90 1154 1154 1354 10 11 Sale 10 Sale Sale 11.150 Potter Co (The) com 11,900 Process Corporation com 150 .6,550 * 27,260 875 50 90 Sale 6 * Sale Sale Sale 203 4 20054 20054 Rights 1654 6% preferred .........100 12354 7% preferred... 100 12454 ............ 90,790 Q-R-S De Vry Corp (The)...* 2 II,685 Quaker Oats Go com......._* 157 4.205 Preferred 100 112 31,900 Railroad Shares Corp com..* 35. 5,380 Rath Packing Co com.....10 43.800 Raytheon Mfg Co com.. * 4.258 Reliance Infernat Corp A..* 254 4,350 Reliance Mfg Co Common. 10 654 8,140 580 330 ... 1,900 1,100 ... ""650 20 80 100 14 750 """200 1,260 1,750 3,250 300 Preferred 113 Richards (Elmer) Rollins Hos Mills 220 Ryan Car Co (The) com..., 4,800 Ryerson A Son Inc com 210 200 * 303 203 * 25* 70 7,100 450 50 200 35* Sale Sale Sale 9 50 6,155 2454 26 19 24 v Sale 1 20 1954 18 19 98 95 2054 55 72 4454 m Sal* ::::: 1* 21 20 2154 854 15 54 1954 21 8 Sale July July 120 July 354 July 1754 July 554 July 21 98 55 7254 4054 4354 354 Sale 5 6 1354 15 22 31 24 24 July July 29 17 July July 1 1 154 July 2054 July 9 3 10 29 2554 July 19 July 1 July 1954 July 22 72 July 16 4454 July 22 July 4 654 July 1354 July 1554 22 1854 754 Sale 1554 July 1954 July 7 July 16 7 15 1554 July 1954 July 8 54 July 16 7 1 92 14 10 94 July 8454 July 27 6 July 11 July 31 354 July 14 67 July 654 July 354 July 2 10 7854 July 54 July 1054 July 24 9 24 10 Southwest Dairy Prod com aso 190 """320 1,200 300 ""130 500 150 "'ioo 2.490 2,600 2,000 Southw G&E Co 200 16,400 8,700 350 20 '100 10 13"" Sale" Standard Dredge conv pref.* Common 9,250 Steinite Radio Co.. 1,130 Storkline Fur conv 2,000 Studebaker Mall Order cl A 450 654 654 Sale 6 ___..* 150 Standard Pub Service A 170 Standard Telephone pref. Common * 8554 — 5 6 com 54 254 154 2054 354 354 9 6 2654 Sale 3454 Sale 5,840 Telephone Bond A Share A. 54 102 53 99 3 First preferred.........100 Tenn Prod Corp com..... 130 Texas>Louisiana Pow pf..l00 19,300 Thompson (J R) com 25 8,000 Time-O-Stat Controls pf A. 7.050 Transformer Corp of Am com* 760 Twelfth Street Stores A 270 Stock purchase warrants. 60 20 Wacker Drive $6 pref... 5354 10154 52 99 u 2 1054 "II 3 1354 80^ 654 954 1 2 6' July 24 July 9 July 10 15 54 154 54 July 15 54 July 254 554 3 54 9 Sale Sale 254 July 6 July 2554 July 3254 July 16 16 July 6 July 2654 July 3554 July 6 7 2 6454 10154 53 July 9954 July 15 16 5454 July 9954 July 17 16 26 33 5354 99 3 3 ::::: 40 1654 20 1554 July 6 1654 July 23 154 Sale 854 54 54 35 46 * I 54 July 854 July 9 20 154 July 854 July 20 Z5Vs 54 54 1554 70' Mar. 14 6 8 July 25 Apr. 1 1354 Apr. 13 .654 Feb. 38 Feb. 16 28 29 Feb. 18 154 Apr. 6 Jan. 7 26 7 9 Mar. 2654 Feb. 95 2 9 Mar. 25 1354 Apr. 13 Jan. 7 6 85 Feb. 554 Jan. 754 June 48 9 9 7 954 Jan. 19 54 Feb. 6 20 Jan. . 1654 40 76 2654 1654 Sale 78 2 20 80 154 Mar. 4 9054 June 30 84 July 10 954 Feb. 27 66 July 11 454 June 3 254 June 19 654 Jan. 2 7854 June 3 5i June " 6 June 154 June 54 July 1854 Jan. 254 July 6 May 5 654 25 5 .54 8 18 ... Sale 154 3 54 1 354 80 100 5 354 100 1 6K com July July 84 66 66 3 254 ... pref....25 9454 90 9354 8454 7 7 67 78 800 Sutherland Paper Co com..10 124.030 Swift A Co stk 25 170,050 Swift International.... 15 630 Sale 93 8154 ............ 12,050 Super Maid Corp 1,420 400 7 . 900 Stuz Motor Car "i~66o 89 * 'plegel May Stern Inc com..* 460 St Louis Nat Stock Yards..* 25,200 II,750 Sale 93 94 7% pref. 100 Southw Lt A Power pref 27 2054 Jan. 28 1554 Mar. 21 1754 June 14 95 Mar. 25 854 Mar. 12 55 June 26 40 June 11 354 Jan. 2 July 14 1354 May 28 3 May 25 54 Feb. 6 13 Feb. 13 19 Jan. 15 554 Jan. 15 in Feb. 19 21 6554 July 16 6 4054 July 354 July 31 5 July 14 1354 July 16 Jan. 4 454 July 20 July 3 20 13 Feb. June 19 Jan. 12054 May 25 June June June May 5 Apr. 80 Apr. 854 Mar. 54 Jan. 25 May 19 May 1 July 254 1454 354 254 3 10 8 *8" "July "25 80 554 Mar. 27 170 Jan. 113 7 15" June 13 54 June 11854 June 2 1 2 25 2 22 140 454 July 1954 July 5 454 39 9 254 254 '1354 17 754 354 8254 854 54 Purchase warrants........ 1,250 Slvyer Steel Casting Co com.* 2,100 So Colo Pow Elec A com....25 37,525 Southern Union Gas com.. 2,350 Rights.................. 4 Sale 3 95 4754 19 July July Sale 11854 July 2 Vs July Sale 1654 1554 July 5 July 554 454 8 654 July 80 July 87 10 July 954 1 8 6754 45 254 1554 10554 July 854 July 11 , July 2 July 29 135 Sale 5! 16 100 654 ' 150 29* ilM 26 90 14,650 Saxet Co common..........* 2,135 Seaboard Pub Serv Co f6 pfd * 6.225 Convertible preferred... 95,950 Seaboard Utll Shares com..* 21,250 Segal Lock & H Co com * 4,090 Signode Steel Strap Co pf_30 780 Common 200 11 454 Sale ...100 Preferred 8 200 Sale 8 91 2554 4 204 120 91 22 Sale 1 A* Sale K 2254 3 18 15 15 Sale 212 13554 140 654 354 6 23 .... 150 i38 35 25 .54 I,700 Sally Frocks Inc com.......* 10,420 Sangamo Electric Co 150 350 120 Sale July July July July 5 12554 13354 125 134 13354 138 118 6 Co pref * conv pref.* Ross Gear & Tool com 1 15 15 132 141 Sale Sale 3254 July 1254 July 254 July 4 454 200 140 Sale 654 14. 354 154 Sale 5 10 205 135 Sale ...100 ....... Republic Gas Corp com. a 2454 35 354 15 10 200 205 125 Sale 129 T 650 199 11 10554 July 11 29 1054 Feb. 11 554 Feb. 14 2254 Jan. 19 2254 Mar. 6 20 Apr. 27 2454 Mar. 27 10 July 15 2454 Jan. 26 13 July 2 Feb. 21 6 2 5 May 4 July 3 Feb. 21 7 60 55 May Feb. 19 8 1354 May 8 1154 July'16 Jan. 14 2 225 Jan. 201 954 Jan. 2 13 ' Jan. 15 18 18 May 21 May 21 Mar. 10 2454 Apr. 30 36 3554 July 24 12 May 27 2254 Apr. 9 15 July,. 6 2 Jan. 6 654 Mar. 17 354 July 7 Feb. 26 5 454 Feb. 26 Mar. 19 5 June 8 13 5 July 3 754 June 30 354 Apr. 8 654 July 1 June 22 262 Feb. 27 210 July 2 200 Feb. 26 2 265 210 July 15 20054 Jan. Feb. 2 1654 Jan. 2 23 Mar. 13 137 12254 Jan. 15 12854 July 24 Feb. 14 5 147 135 July 8 a*12954Jan. loS^ffyTSi 1254 254 454 354 654 Sale 100 Common 46,600 2,110 1,380 """230 2 July 354 July 10 34 .... 3154 Sale 1454 15 3 254 .* * Pub Serv of Nor 111 com 6,925 4 12 21 Sale 76,650 Pines Winterfront com 5 74,000 Polymet Mfg Corp com ___* 1,550 Poor & Co class B common * (The) Co... 1154 Sale 3 * Perfect Circle 18 1454 354 51 201 Highest. Sale Prices. 2254 2254 5 Rights _vi 50 People* Lt & Pr A com......* Lowest. Sale Prices. 3 70 954 Highest. Sale Prices. 5 3 5 ll a* Lowest. 10554 July 11 10554 July July 854 July 29 10 10 3 28,050 2,300 2,450 2,000 554 112 108 11 55 • 500 Peoples Gas Lt & Coke....100 9 454 2054 1354 Ask. Ask. Bid. Bid. 8 t 550 Pac Pub Serv Co cl A eonv__* 290 Ask 10554 111 * 5,980 Parker Pen (The) Co com..10 3,860 Peabody Coal Co B com * 1,200 1. Sale Prices. July 31. July 1. 100 Ontario Mift Co com 440 Oshkosh Overall Co com....* \ JAN. SINCE Price Jan. 2 Shares Shares RANGE PRICES IN JULY. CHICAGO HALES. AGGREGATE EXCHANGE STOCK 22 17 Jan. 24 Mar. 20 12 Feb. 18 54 Feb. 14 4 154 Mar. 9854 Mar. 17 9454 Jan. 26 954 ®"eb. 27 June 1 Jan. 13 70 16 8 Jan. 9 Jan. 80 3 2 May 13 L Feb. 24 14 Apr. 15 3 354 Mar. 1 Jan. 6 2054 June 20 7 Feb. 11 Feb. 21 10 2454 May 29 2954 June 2 3054 Jan. 4054 Apr. 5154 May 25 97 June 2 5 Jan. 14 63 Mar. 25 15 \June 16 1654 Jan. 2 54 July 9 8 June 9 54 Apr. 30 4554 Apr. 7 Feb. 54 Apr. 29 Jan. 5 14 25 25 9 Feb. 17 Mar. 3 Feb. 20 Feb. Feb. May 9 Feb. 10 Mar. 31 Apr. 22 Twin States Natural Gas— 110 1,600 500 1,650 950 14,520 Participating A..........* 1,200 Union Carbide A Carbon * 28,150 United Amer Utll Inc com * 13,050 Class A * 13,637 Unit Corp of Amer pref....* 98,250 United Gas Corp common..* 54 154 Sale % 100 3",700 50 4,300 2,160 300 2,050 ""100 100 1,150 710 550 74,100 Convertible 1,220 Preferred. * com preferred....* 130 United Pub Util $6 pref 79,670 U S Gypsum 1,120 241.200 3,150 5,160 3.900 United Ptrs A Pubs ... * 20 Sale 12 7 Sale 10 14 Sale 15 .......100 U S Lines Inc pref * Sale 6 1054 254 654 * 1.074.800 U S Radio A Telev com 76,000 Utah Radio Products com..* 94,710 Utility A Ind Corp com.....* 42,510 Convertible preferred. * 19,850 Utilities Pow A Lt Corp A..* Common non-voting 25,650 ; * 550 Van Sicklen Corp part A. * 5,840 Viking Pump Co Pref * Common 4,350 40 Vogt Mfg Corp common __* 4,310 Vorclone Corp part pref * 16,800 Vortex Cup Co com * Class A * 13,260 * Sale Sale Sale 254 Sale 554 Sale 15 Sale 22 2254 9 ..... 25 Sale 954 27 954 1 2 19 20 2554 2 Stock purchase warrants 150 Warchel Corp com 240 410 50 710 550 540 3,500 2,600 6,000 50 a 5 Sale 4054 129 24 354 654 17 27 Sale Sale 254 Sale 1854 Sale 4 10 10 8 Sale 7 3 22 12 12 1554 1654 10 X Radio Stores com.* 12 Sale 2 Sale * Williams Oll-O-Mat » 12 5 100 Wil-Low Cafeterias Inc com.* 5 65,690 Wisconsin Bankshares com 10 540 Wolverine Portland CementlO 29,800 16,950 70,305 Yates-Amer Mach part pref.* Yellow Cab Co Inc (Chic)..* Zenith Radio Formerly the Saxet Company. Corp com.. * !§* 97 22 Wieboldt Stores Inc com Sale Sale 20 Wextark Sale Sale Sale 2,920 Wayne Pump Co com .._.* Convertible preferred....* 2,100 17,150 168,460 1,479 1,650 Sale 1954 Sale * 130 2454 Sale 854 Sale 54 454 2554 2754 7 954 45 West P L A Tel class A Sale" 2 8 10 1354 6 14 4 554 954 1154 154 Sale 6 Sale 4 July July July 554 July 11 1 27 3 14 16 654 July 1154 July 254 July 7 July 454 1 1 July •754 July 41..I 3554 Sale 131 132 6 Sale 18 Sale 2254 8 23 9 1 26 27 7 8 94 97 45 4954 July July 4 13 ~ 35 130 July July 2054 254 554 1654 2454 16 4054 July July 2 133 8 July 13 July 30 July 15 July 13 July 1 July 13 2654 July 854 July 1YA 3H 100 18 27 2 Sale 190* Sal* 54 it* 1?* 12 10* 23 254 1054 1 54 Sale ..... 29 21 July 2554 July 22 20 154 July 1654 July 20 15 5 4 454 Sale Sale 254 Sale 554 254 554 354 Sale 18 254 19 Sale 154 33 3254 354 654 1854 2454 954 8 July July 49 July 3 July 10 July 10 July 1154 July 2154 July 54 July 93 11654 Jan. 254 June July 30 July " July July 30 July July 1254 June 2654 July 9 July July July 2 Sale 18 Sale 254 Sale Apr. 7 Jan. 2 7 60 3 July July July July July July July July 21 5 July 154 July 2 13 July 31 18 July 254 July 31 554 July 154 July 4 54 July 1854 July 254 July 27 16 17 5 4 3 24 2 Jan. July 42 June Jan. 22 June 54 June 15 1054 June 2 454 June 12 5 Jan. 7 5 May 29 154 July 13 1054 Feb. 2 2 June 12 18 June 30 254 Jan. 2 20 6 21 ; Feb. 24 Feb. 25 Jan. June 1154 July 20 Jan. | Apr. 17 Feb. Apr. 27 Apr. 27 9 17 Apr. 14 Mar. 26 Mar. 26 : 13 4 Feb. May 18 June 25 4 May Mar. June 8 Mar. Mar. 12 June 2 6 8 " 17 27 26 Mar. 6 Feb. 26 Jan. 27 Mar. 9 Feb. Jan. 93 7 Mar. 25 Feb. 2 13 ; Jan. Feb. 10 1354 1154 1254 2354 54 July 2 Mar. 19 June 17 Mar. June 2054 June 7 Apr. 54 May 25 Jan. 8 Feb. 854 May 1 June 1654 June 24 June 20 20 ; Jan. 454 June 2 15 1 16 254 July July 20 8 13 100 July May June 6 5 554 3 554 5 4 "12" 1 454 June Apr. 254 Apr. 50 454 4554 1154 1254 1254 2254 Sale 54 Sale 1054 12 454 5 10 21 18 26 Feb. I Feb. 24 Feb. 26 28 3 5 254 3254 Sale 254 Sale Feb. 354 May Jan. 1 July 25 4 6 Mar. 10 Jan. 10 .... 554 Sale 3 110 Woodruff A Edw Inc part A .* 1,450 1,200 2,050 Sale Convertible preferred. 1,330 * 6,635 Ward (Montgom) A Co cl A.* 4,420 Waukesha Motor Co com...* * 2,910 Western Con Utll Inc A 1,460 Western Grocer Co com....25 54 July 5 410 220 12 3 654 3 654 1454 ..... 19,610 Wahl Co com 583,750 Walgreen Co com Sale 66 554 23 59 25 38 117 54 July 5754 600 United Paper Board Co pf.100 "'150 54 23 Mar. 10 ; July 7 Jan. 3 [ Jan. 15 Jan. 5 7 Jan. I Jan. 18 ! Apr. 18 1 Feb. 2 Feb. 17 [ Mar. 19 i Feb. 27 Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales. July 1931. Shares _ Jan. 1 to July 31 AGGREGATE 5,152,323 SALES, 16",650 53,000 7,500 1,000 Amoakeag Mfg Co 6s 1948 Boston & Maine 4%« Brown Co 5^s 1944 1946 Canad'n Intl Paper Co 6s,1949 Central Power & Light 5s 1956 Chic ict Ry Ac U S Yds 4S.1940 5s 1940 71 Ask, 75 July 1. Bid. 72% 19,000 Dallas Ry & Term 6s 93% 100% .... .... 1951 66 76 1948 25 28 32% .1948 1948 95 Shares. 57 30 30 32 32 42 67 % Maine Central Ry 4}£s...l935 Mass Gas 4Vfcs 1931 Mass Gas Co 5s ..."...1955 New Eng Power Assoc 5s 232 75 99" 67 119 Tel 5s 1932 STOCKS Par. 4,251 Boston 8c Albany........100 36,433 Boston Elevated.........100 Preferred 5,120 ...........100 First preferred.........100 7,526 Second preferred 20,154 ...100 264 100 100 Ser B 1st pref stamped..100 Ser C 1st pref stamped..100 Ser D 1st pref stamped..100 139 525 Boston 8c Providence.....100 391 Chic Jet Ry & U S Y Pref.100 Common 137 170 Conn A Pass River pref...100 953 East Mass St Ry Co 190 ""20 90 Preferred ... H 8c Hartford 100 158 Northern New Hampshire 100 358 Norwich 8c Worcester pf.100 2,322 Old Colony 43,772 Pennsylvania RR 5 July 14 66 July 14 10354 July 15 104 July 28 32 2654 July 32 July 8 7 3054 July 34 2 July 22 33 32 42ff 64 va. ::::: 64 July 9 64 July 9 102X 50 81 Mar. 26 Mar. 16 97 Mar. 16 72 May 2 7654 May 9 66 May 13 94% Jan. 7 95 Jan. 15 104 May 11 35 Jan. 9 Feb. 72 Feb. 7 2154 Jan. 2354 Feb. 35 Apr. 30 Apr. 34 June 29 48 Mar. 48 64 July 79 Mar. 16 Mar. 14 92 Jan. 65 94% 9354 101% 2154 74 99X 100 % 103% 100% July 101% July 10354 July 1 100% July 1 14 101% July 14 15 10354 July 15 Sale" 65 104 10254 102% July 1 10254 July 17 104% 110 TsPs 102 X 151" Sale" 101X Sale 101 173% Sale 72% 181% 89% 99% 109% 102% 182% Sale 83 99% 103 88 90 10254 July 18 10254 July 18 101% 183 Sale Sale Sale Sale 10154 100% July 91% Sale 99% 100 109% Sale 103% Sale 180% July 89% July 99 July 109 July 102% July 15 10154 July 8 183 1 95% 8 100 9 110 1 103% 101% 102% 101% Sale 70 Sale 59 Sale 53 61 90 Sale 88 92 88 120 Jan. 16 Jan. Feb. 99 97 98 June 100 Apr. 98% 100% 101% 10354 8054 Jan. 25 Feb. 17 June 18 Jan. 100 101% July 101 Apr. 76 May 87 Apr. 100% Jan. 98 100 99 137% Sale 168 Sale 100 105 65c 5 6 1% 10 8 176 153 105 Feb. 92 104 June 115 Jan. 105% 2 37 July 7 July 7 105 July 17 105 July 17 136 134 ..... 7% July *2" July 15 "20 8% July 28 "2" July "22 37 65 115 108 Sale 134% Sale 44 ..... Sale 118 134 44 181 180 . 65 137 136 48% Sale 180 118 100 Sale 118 July 31 76% July July 18 137 July 1 135% July 31 50% July 2 181 July 31 118 3 July 18 July 16 July 3 July 2 July 31 Jan. 19 Jan. 97 Mar. 101% Jan. 2 185 53 27 112 3 107 88 July 27 75 July 30 115 12 9 28 Mar. 10 Jan. Feb. Jan. Feb. Feb. Mar. Mar. 3 11 11 28 26 12 21 27 24 20 3 95 Jan. 105 July 20 103 7 145 168 Jan. 2 182 153 Apr. 100 Jan. 8 155 Mar. 3 6 106% May 28 Jan. 14 60c 1 5 2 75 135"' 105 105 105 8 74% Sale 130 175 15 1 8 Jan. Jan. 2 June 19 99 64 Apr. 29 95% July June 76% Apr. 28 102 Jan. 7 113 June 82 Apr. 24 103% July 58 Jan. May 26 60 71% Mar. 12 71% Mar. Feb. 9 105 86% Jan. 102% Jan. ln 2 57% Sale July July July 153 5 107 130 Mar. 19 Mar. 12 104 97 25 10 Jan. Jan. Feb. Feb. Jan. 10254 Jan. 99 May 22 July 14 July 15 Mar. 25 66% Jan. 69 85 !73% Jan. 100% 110 63 84 75% Sale 80 120 173% 180 88 6 lft 26 102% June 18 92 July 8 July 3 July 28 July 1 July 28 101% July 2 103 53 July 27 59 88 July 30 92 28 June 112 104% Sale 2 16 10054 Feb. 137% Jan. Mar. 16 Feb. 28 70 1 93 35 9854 June 23 66% Jan. 102% 9951 25 14 13 18 28 82 54 Mar. 7554 June 85 102 X Mar. July May Apr. July 44 52 Jan. 9854 June 8254 Mar. 97% 103 X 45 7 92 99 ~97% Prices. 71 97 69 100 279 Providence 8c Worcester..100 477 Vermont 8c Massachusetts 100 15 30% 33% 68% 60% 100 8,386 N Y N """50 3,967 ...100 First preferred.........100 2,706 Preferred B 1,165 100 Adjustment 2,590 10# 2,261 Maine Central...........100 10 ""772 66 & Maine Pre# Series A 1st pref unstpd. Class C 1st preferred Class D 1st preferred 11.628 Bost 8c Maine prior pf atpd 100 Ser A 1st pref stamped..100 2,160 """§ 76% July 30 82 100% 101 106 500 Sevilla-Blltmore 7%a ..1937 8,000 Swift 5c Co is 1944 10,000 Texas Power 5c Light 5s._1956 10,000 Wash 5c Sub Co 5%s 1941 34 104 % P C Pocahontas deb 7s 1935 10,000 Ruhr Chemical Corp 6s..1948 1,000 Second Internat Sec 5s..1948 794 3 Highest. Sale Prices. Feb. 7 72 ...... 94 15 10351 97% 100% Sale 35 Boston 618 72% July Sale 95 X 96 99 .... 91 100 68 99 99% 80 New Engl Tel 5c Tel 5s...l932 193,000 Western Tel 5t 1. JAN. SINCE Lowest. Prices. 70% .....1934 321 Sale 103% Miss River Power Co.. 1951 Nat Hun Ind & Mtg In 7s 1948 Shares. 480 10,113 1,464 2,927 6,963 76% Highest. Sale Prices. 80 1948 90,100 16~65O 75 63 103 X 1396 Iowa Central Ry 5s 1938 Kan City Mem 5c BIrm 4s. 1934 Income 5s 1934 6,000 New River 5s 1,000 Ask. 60 65 80 1948 20,000 Hood Rubber 7s 182,000 75 Bid. 92 5,000 Houston Lt 5c Pow 4%s_1978 Series E 4%8 5,000 1981 1,000 Hungarian Disc & Ex Bk 7s'63 25,000 Interboro Tran 5s unstpd *66 4,000 5,000 5,000 Lowest. July 31. Ask Chic Milw & St Paul 5s.... 201,000 Mass St RR ser A 4%a Series B 5s 66,350 Series C 6s 4,000 Series D 6s 19,000 Series E 6s 3,000 3,000 15,000 42,000 28,000 59,000 5.000 6,500 8,000 2,000 RANGE 2 1931. Bid. 1,000 July 31..... PRICES IN JULY. BONDS 446,500 29,000 6,000 2,000 1,000 39,000 116,000 15,800 1,000 $287,900 2,745,440 $178,100 1,857,600 Price Jan. S 42,500 Jan. 1 to 1930. 1931. July BOSTON Since Jan. 1. July Bond Sales. 610,817 7,019,640 STOCK EXCHANGE In 1930. '• 588,630 7 103 Feb. 11 4% Apr. 29 2 2% May Jan. 2 lH May 29 Mar. 24 10 Jan. 10 Jan. 10 3 5 4 37 June 25 80 May 26 63 80 63 June 2 5 17 3 Mar. May 26 92% Feb 25 Apr. 22 108 Jan. 28 113 130 Jan. Jan. 3 142 3 140 2 6S Mar. Feb. 1 19 Jan. 3 181 Apr. 15 Jan. 8 122 Feb. 16 125 42% June 175 118 r Feb. 14 MISCELLANEOUS— 420 1,515 150 70 13,626 American Founders Corp 13,614 Amer 8c Continental Corp!.. 2,505 Amer Pneumatic Service...25 Preferred 3,039 50 ......... 721 41 11,549 4,605 125 2,200 289 3,225 30 710 100 496 Preferred... 9 10 7 39 9 44 178% Sale _...* 11,222 Aviation Sec of New Engl 9,588 Bigelow-Hartf Carpet... ..... * 100 28,629 Columbia Graphophone... 658 Continental Securities Corp Preferred ... ..... 3,841 Crown Cork Internat Cprp.. 5,646 East Boston Land. 10 No par value a Assessment paid, 10 9 3% Sale 1% 2% 6% 7 30 38 3% 1% 12 4% 2% 4 5 30 38 17% 26% 3 18 xEx-dWldend. 18 60 7% Sale 1% 1% July 27 July 16 1% July 15 5 July 24 18 29 4 18% 25% 3 Sale 27 4 Sale 14 18 10% July 3% July 2 July 6 July 8 2 13 15 18 30 July July July July July July July 31 184% July 1 10 13 July 30 4 July 20 20 July 31 1 34 7 85 July 22 2 19% July 15 July 2 25 30 8 18 July July 15 1 3% July 2% July 23 14 83 85 9% Sale 16 50 9 3 169 179% Sale 169% Sale 8 8% 9 9% Sale 4 4 4 4% 4% Sale 34 23% 23% Sale 83 7,907 Boston Personal PropTrust.. 4,881 Brown & Co pref 1,345 Brown & Durrel Co common. 10 "'465 50 102.636 Amer Telep 8c Teleg 23,920 Amoskeag Mfg Co 55 1,088 First preferred 2d preferred 3% Sale 2% Sale 5 3% 2% 3% 3 June June 7 5 3 July July 1 3 9 15% Feb. 20 6% June 24 4 5 July 11 Feb. Fob. 20 30 7 June 44 Feb. 13 1% July Mar. 156% June 7 Jan. 2% Jan. 20% May 80 Mar. 17% June 20 June 2% Jan. 11% July 18 July 60 4 9 2 6% 8% 48% 3% 1 June 11 Jan. 5 June 8 July 23 May 29 7 11 Mar. 12 201% Feb. 26 Mar. 26 5% Mar. 26 34 July 31 14 85 Jan. 3 IV* 66 Fen. Feb. 24 27 5 Mar. 17 16% Mar. 14 28% Mar. 20 50 8 Jan. 19 Mar. 3 3 June 10 BOSTON 64 Jan. Since Jan. i. STOCKS Bid. 4K% preferred Preferred V ; * ...... First preferred .100 Sale 19 Sale 85 85^ Sale 92 ^ Sale 18^ 44 > 20 Sale 92 23 Sale Sale Sale 42^1 43 92 94 45 K 95 X Sale Sale 15 20 Sale Sale 89"" ..100 18 K 19K Sale 100 ... Eastern SS Lines, lac new... 802 17 77 842 110 East Utll Inv Corp cl A.. IX 17 ♦ 1,720 Economy Grocery Stores 17,997 Edison Elec Illumination.100 245 K 16K 13,476 Employers' Group Assoc T G. 18 84K 90K 18 44 K 95 X 47 100 Prices Sale 27 July July 20 19 1 249 86 Sale 17K K 243 16 K 19 19 Sale 247 243 Jan. 3 3 June 9 17 June A" July 20 3 225 July 15 July 1 17 July 22 15 15 77 88 1 Jan. Feb. Jan. June July S* 46 98 2 5 110 Common Preferred 3 ...100 750 General Alloys Co. 19,579 General Capital 5X AH Sale 17 515 German Credit Inv let pre*.. 9 10 8 ..... 410 Greenfield Tap dc Die 155 Grelf Bros Coopge cl A Preferred. 286 5 21"" 6 30 16 19 37K 28 30 30 12 12K 12 34K 19 5c 13 13 2 July 13 July 13 28 K July 13 July 32 K July 13 July 16 21 6 24 38K Fob. 5K Jan. June 2 July IK May 8K Jan. 5 Apr. 18K July 21 13 21 16 15 Mar 4 13 6 UK July 5 July 18 X July 13 15 25 X July 19 July 28 19 July 28 19 July 28 13 July 28 7K Mar. 3 38K May 11 6 Jan. 5 21 Jan. 17 32 29 23 3 22 1 July 23 July 8 July 6 July 1 27 June 15 34 27 July July July July 29 85 July 28 July 3 13 3 6 7 4 90 Sale 89 87 K 27 24 26 85 87 10 Sale 10 X 12 4X Sale 3X 4 12 13 88 27 14 1,034 4,825 1,906 7K 19 ..... Internat Hydro Elec Sys cl A Jenkins Television Corp com 2X Sale 30 671 Kidder Peabody accept clA pf 542 LIbby McNeil Libby 10 Loew's 4,226 58,977 Mass Utll Associates v t 7,093 Mergenthater Linotype Theatres 75 13 '8 25 Sale 4 c 86 100 87 30 40 30 10 10K 10 4 76 X 40 ' K 8X Sale Sale Sale 4 Sale Sale 77 9 8 78:; 220 Mullins Mfg Co 757 29,518 10 75c. Sale Nat Service Co com aha tr ctfs 3K Sale National Leather 50c IX 25K IX Sale 26 682 New Engl Equity Corp..... Preferred 427 100 Sale Sale 27 50c 75c 10 July 22 X July 3K July 30 July 10 July 8X July 4 July 76X July 29 X July 10 50c July IK July July 25 25 K 4 X 30 10X 8K 4K 79 July 1 July 7 July 1 July 7 July 23 July 21 July 22 July 9 29 K July 75c 31 1 23 2 27 23 July 14 July 11 July 28 85 New 1,692 16,372 2,366 England Public Service 16 K New 130 New England Tel 8c Tel...100 No American Aviation Inc. Sale 4K 4K 133 19 Sale 17K Sale 134 ... ... 8K Sale 17 K July 131K July 7X July 96 19 Jan. 5 28 85 Feb. 3 90 28 Mar. 12 Mar. 10 10 June 22 32,889 1,628 Pacific Mills 100 Public Utility Holding con 847 Railway Light 8c Serv Co com - 1,996 Reece Button Hole Mach_.10 1,170 Reece Folding lfach It 47,540 50 N Engl 1 — IK 13K Sale Shawmut Assn T C So 2 60c. Ice Co Common.. 20 Sale 44,758 Stone & Webster Inc capstk. 10,182 Swift 8c Co New.......... 6,896 Torrington Co (new) 42 K 28 X Sale 29 43 Sale 135 Tri Continental Corp com... 6X 14,630 Tower Mfg 3,150 Union Twist 5 43,056 46,818 8,510 1,000 United Founders Corp com United Shoe 45c 75c liach Corp Preferred 25 25 .... U S & Brit Inv Co 3 com 2 25c Sale 4K 4X 37K 19 K 15 15M 1 IX 13 K 10 Sale 40 35 X Sale 26X 26X 40 K Sale 20c 50c 40c 25c Sale 20 K 185 U S Elec Power Corp Preferred Utility 2,223 ... ...... Equities Corp dlv priority stk allot 100 95.50 ctfs.. Preferred........ * 157 Prior 17c July July 75c July July 18 July 20 K July 15 July 15c 30 28 15 X July 18 13 K 10 Sale 40 28 X 25X 25 X Sale 26X Sale 13 K July 30 July 9 10 28 X July 25 X July 40 K July 30 21 1 14 K July 6 10 July 9 2 6 20 36 X July 27 July 46 K July 5X Sale 54 32 Sale 20c Sale Sale July July 3K July 4K July 52 July 31X July 20c 18 5 4 Sale Sale 5 52 31K 16 14 15 15 30 2 "25c 19 4951 55 32 July July July July July July 22 14 3 2 3 1 5K Sale 3K Sale 3K July 31 5K July 3 32 ..100 New.. ... 125 Wilson & Jones .... Jan. June 16 Feb. 25 Jan. June 30K Jan. 5 Feb. 9 3 39 47 20c 7K Jan. IK Jan. 30 Feb. 13 5X Jan. 10X Mar. 11 2 May 6X Jan. 18 V May May July June 47 June 58 31 Jan 32 X May 3 Jan. Jan. 41 36K Mar. 3K May 8 2K Mar Feb. 4 Feb. 4 40 64 Sale 73 73 64 Jan. 2 78 Feb Sale Sale 50c 50c 1 2 Apr. 23 IK IK Sale 25K 26K 5 2 6 35c 20 K 40 30 21 Sale 24 77. 73 K July 16 73 K July 16 6 Feb. 1 2 35c Jan. IK July 1 1K July 1 IV 22V Mar. 18 13 Apr. July July 1 8 30 June 30 79 July 8 25 K July 3 14K June 1 21K July 30 24 K 21 ..... 30 26 79 90 97 ..... 27 28 22 X Sale 20 K 23 78X Sale 19 X 26 July 79 July 19 X July 8 8 31 30 79 35 50 20 21K 15c 25c 18 22 23 21 21 July 3 30 Jan. 15 8 June 24 20K Feb. 4 300 Helvetia 1 ..... 25 .25 25 25 Preferred 715 O jib way Mining Co Ex-dlvldend0 4K 1 28 5K IK 15 10K 1054 May Mar. 17 65c Sale 3K IK 11K 85c 17 55c 15K 8K 9c 1 57 IX Sale 45c 50c 1 50c 1 3 4 3 15 25 25 7 16 Sale 8 Sale 10 5 10 1 Sale 26c 3K 28c Mar. 17 35c 50c Apr. 21 IK Feb. 11X Feb. 4K July 22 6 July 13 3 5K June 2K Jan. 31 4K June 2 Feb. 19 1 1 c IX Sale 10K 13 5K Sale 6K Sale 20c 1 45c 50c 5c 26 X July 21 26 X July 21 IK 50c a\K Sale 4K 5K 20c IK 48c 30c 1 22 3K July 8 15 July 13 17" July "2 48c July 27 51c July 1 25 IK July 31 "lK July"! 12 5 Sale 25c Sale 40c 50c 15 IX July July 4K July 5K July 20c July 1 July 30c July 31 24 13 31 22 13 11 3 K July July 6 July 6X July 25c July IK July 45c July 11 2 13 1 6 10 3 3 3 1 15 Apt. 29 9 30 K Jan. 3 Apr. 13 95c Feb. 21 Fee. June 13 June 8 June 19 Jan. 2 Feb. 13 IX July 31 9 June 4 3K June 1 4 May 29 5c 75c 25c 18 Feb. June 7X Apr. 30 9 4Xc Apr. 48c July 27 50c 10 Feb. 24 6 20 2K Jan. 31 8K Feb. 24 Feb. 11 2 Feb. 13 1 Feb. 3 105 6 X Fob. 2K July 22 June 19 90c IK Jan. 75c 1 IX Sale 9 30c 2K July 9K 5c * 10c 105 IK IX 15K 10 X 50 26K 3 3 51c 10 25K 35c • 1 17 6 105 9c 25 5 50c 28K ..... 10 Jan. 7c 26K 5 10 15c July July 7K July 65c Sale 1 -.1 4K 50c 5c 50 2.50 6K 75c 4 18 20 95c 5 17 Mar. 24 June 19 20c 88c 2 7 2 50 Jan. 5 90 Jan. 17 45X Mar. 2 41X Jau. 20 27 K May 23 1 17 29 20c 95c 2 18 3 Jan. 9 26 K Feb. 18 17 Jan. 10 July July 6K July 30c 51c -5 .... 90c Sale 5X 103 90c 16 50c .......50 2,930 Old Dominion Co 6,120 Pond Cr Pocahontas Co 40,317 Oulncy 21,217 St Mary's Mineral Land ; 9,700 Shannon 10,670 Utah Apex Mining 44,363 Utah Metal 8c Tunnel. ..... 27 Sale 90c 2 50c 10c 5c 2,245 Niplssing Mines.. 221,589 North Butte x Sale Sale 105 110 Nevada Consol Copper 110 New River common *\No par value, 6K IK 50c 3 ................... - 6,042 Isle Royal Copper 2,305 <£eewanaw Copper. 4,440 LaSalle Copper.. 8,887 Mohawk 452 ... 85c 7 Apr. 18 15 10c 20c IX IX 8K Sale ....... 475 Island Creek Coal 59 Preferred............. Jan. Mar. Feb. MINING— 5,591 Arcadian Cons Mining Co.... 13,585 Arizona Commercial.......5 25 7,834 Calumet St Hecia 2,000 Cli.f Mining.. 25 14,430 Copper Range Co 25 13,797 East Butte Copper Mining 10 1,000 Hancock Consol Mining Co.. Jan. 1 22 K 14 11 3 54K Mar. 21 40 40 Conv preferred 1,917 Westfleld Mfg Co can stock.. 1,210 Whittelsey Mfg Co class A 4 Mar. 3 10K Mar. 26 8 Mar. 19 25c Apr. 15 IK Jan. 14 25 Mar. 25 7X Feb. 25 50 Feb. 21 15K Feb. 28 IK Feb. 28 38 2 21 21K Mar. Jan. 3 Sale Jan. 142 11K Apr. 10 July 25 X June 25 23 90 May 7 93K Apr. 27 14K Jan. 1 Jan. 29 K July 30 8 July 15K June 3K June IX 89 21 9 10 28 85c Apr. 13 3X Jan. 2 25c 4 Feb. 30 100 preferred... Warren Bros • Jan. Feb. Jan. R 2 10 70 Wait ham Watch class B 495 June 13 June Common 2,525 Venezuela Holding Corp 2,095 Venezuelan Mox Oil Corp 1,882 Waldorf System Inc 1 23 13 9 1 .... 2° 46,125 4K ♦ U S & Internat'l Sec Corp— Common May 12 June 350 U S Brit I nv Co $3 pf allot ctf 4,876 50c 30K Mar. 10 6 Apr. 1 40 May 8 5-X Jan. 7 May 40 37 15 19 20 4H 6X Sale 57 X Sale 31 Sale June 12 Feb. 2 15 Sale 18 K Drill 895 United Carr Fasten Corp com 76 10 129 25c 17c 15c 17c 15c 15K 17 6 X Sale 36K 14 K Sale 7K Jan. 7 16K June 3 2K Jan. 7 30 May 25 9K Jan. 3 7 May 25 3X Jan. 3 17 X July 105 North & South Amer Co 530 Northern Texas Electric. .100 724 Preferred..... 100 2 July 22 135 X July 9K July 2 Mar 56X Jan. 19 93K Apr. 27 186 New Eng G & El Co class A Feb. 15K Jan. Jan. 11 85 Internat Button Hole Sew¬ ing Machine Co 27 25 18 K May 9 3 Feb. 10 21X 12K 90 75 10 X Feb. 13 9 28 May 25 10 1 5c July 13 July 13 4K Jan. 27 25 2 21 24 3K Feb. 2 2 88 X 95 .... ... 20K 2 Sale 90 K etk tr ctfs 2 11 Sale 15 com 3 15 5K 6 24 X Sale '21ji 25 768 Hathaway Bakeries class A 3,886 :: Class Preferred. 1,015 2,266 Hygrade Lamp IK 12 July July 5K Sale 29 K 10 "3K 2 290 Georgian, Inc (The) common Class A preferred 20 1,776 1,224 Gilchrist Corp 42,890 Gillette Safety Razor Co... 3K 4K 5 31K Sale 2 3 2 2 30 Corp..., 5c 5c 1 ............. Fob. July 3 Apr. 28 22 X Feb. 1 2 266 K Feb. Feb. 22 20 Galveston Houston El Pr— 917 Prices. 27 X Mar. 20 June 4 89 Jan. 21 95 June 23 2 18 Sale Prices. 17K Jan. 19K July 20 July 20 92 x July 6 24 July 46 July 98 July 15 July July July July July July Highest. Lowest. Highest. Sale Sale Prices. Ask. Ask. Bid. Bid< Lowest. July 31. July 1, Ask. 16 Eastern Gas & Fuel Assn com 6% preferred 1. 2 1931. Shares. 20,469 8,906 14,264 25,602 SINCE JAN. Price STOCK EXCHANGE In RANGE PRICES IN JULY. BOSTON AGGREGATE SALES. July EXCHANGE STOCK Jan. 8 June 2 Jan. 12 13K Feb. 57c Feb. 59c Feb. 24 23 5 24 21 9 19 IK Mar. 28 3K Feb. 24 1 Apr. 2 3X Feb. 17 Jan. 29 Feb. 24 Mar. 2 June 25 IK Jan. 6 57c Feb. 28 15K 10 X 9K 30c .*■ Philadelphia St'k e MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PHILADELPHIA STOCK EXCHANGE Stock Sales. 1931. July Shares Jan. 1 to July 31 AGGREGATE In July SALES. 1930. 1,467,662 6,238,002 18,314,443 PHILADELPHIA STOCK EXCHANGE Since Jan. 1. 2,000 12,000 33,300 1931. Bid. 12,030 130,000 9,000 23,000 359,000 1,000 18,000 July 1. Ask. 14,000 2,000 84,000 66",660 1,000 1932 Interstate Rys coll tr 4s.1943 Keystone Tel 5s 63,500 "3',500 Penn Cent L & P 4%a 2,000 Penna Co 4%s 5,000 Penna Cons 4%a 16,000 Penn Co 4%a 84,000 Penna Pow & Lt 4%s 9,000 Pennsylvania RR 4%a 35 25 50 Shares "4",675 Phila Elec "2",300 300 162,000 349 4,600 120 1,600 875 500 3,000 75 "2", 700 80 5,300 "3",300 ~6~, 300 25 102% Sale 101% July 1 102% July 13 103% July 1 104% July 38 15 25 75 15 104 105 104 103% 96% ...... Sale 128 Sale 25 105 Sale 130 96% 129 (Pa) 1st 98% 90 86 404,000 1st & ref 4s 434,300 30,500 3,000 1st 5s. s f 4s.1966 A ref 5s 87 Sale . Improvement 4s 05% 104% 1966 108>i Sale" 107 107% ..... Sale 42% 95% 42% July 30 July 2 98% July 98 22 42% July 18 July 2 99% 100% 100 106 Sale 104% 105% 105%....— 105% 97 % Sale 98% Sale 97% 109% 110 108% 8 100 July 8 July July 1 98% 7 109% July 9 July 27 106% 107% 106% Sale Jan. Mar. 31 104% Apr. 10 106% Apr. 20 Feb. Feb. 27 97 Feb. 27 Mar. 25 Jan. May 12 95 Apr. 30 97% June 101% July 31 101% July 5 105% May "5% May 101% Mar. 31 101% Apr. 2 97% July 98% July 96 Apr. 22 104% May 87% May 16 98% May ~ 40 Jan. 22 7 12 Jan. 15 1 103 Apr. 11 23 2 102% Jan. 94% Fob. 18 100 91 8 May June 26 May May 1 105% Feb. 95% May 94% Mar. 20 99% June Jan. 107 > 6 110 May Mar. 10 31 5 1 50 2 Feb. 2 105 8 12 10 13 20 106 Jan. 12 108 Feb. 17 106 Jan. 23 106 Jan. 23 106% July 16 107% July 22 105% Feb. 103% July 14 104 July 10 94% Apr. 2 107% Mar. 30 65 June 23 1 104 July 10 June 23 101% Apr. 20 106% May 28 97 97 Apr. 11 Apr. 11 102 May 22 102 May 22 1933 60 93% 60 Sale 40" 70 ..... 97% Sale 50 40 97 July 10 97% July 13 50 95 97% 98% % % 101 100% 100% July 7 100% July 15 12% Apr. 15 93% Jan. 2 98 Jan. 20 50 50 Jan. 22 Jan. 22 12% Apr. 15 96 94% Apr. 30 Jan. 8 95% June 11 95% June 11 97% Jan. 16 101 Apr. 21 Par » 29,700 American Stores. * Bankers Securities pref Bell Tell Co of Pa pref Bornot Inc 100 Budd (E G) Mfg Co Preferred 87 June 30 93 ..... • 37 38 16% Sale 116% Sale 5% 7 4 Sale 9 Sale 54 __ Budd Wheel Co Preferred..... 2 2 130 65 With warrants 33% Sale 27 27% 26 % July 15 38% July 7 % Feb. 2 22% June 1 16% Jan. 29 42% Sale 41 42 40 July 15 43% July 8 37 17 16 19 19% Sale 117% Sale 10 6% 8 116% 7 3% 40 9% 4 Sale Sale 4 Sale 37 Sale 8% 9 16,572 Electric Storage Battery.. 100 23,953 Empire Corp.. 38,840 Fire Association.....u. 10 41% 17% 43% 42 18 116% 6% 3% 35% 8% July 1 117% 7 July 25 July 2 4% July 10 43 July 9 9% July July July July July 25 13 10 17 2 1,205 Horn A Hardart (Phila) com.* 35,080 Horn & Hardart (N Y) com..* 1,720 Preferred 100 48,000 Insurance Co of N A 10 .100 42 43 42 17% 18% 17% 45 i 8 1 43 July 30 July 14 40% 16% 45% 45% 2% 41 38 43 40 July 30 40 July 30 40 50% Sale 1% Sale 54 Sale 52 54] 1] 51% July 2 July 15 54% 1% July July 7 3 50 June 14% 18 5 18 17% July 21 July 1 18% July July 3 1 15% May 21 5 July 1 43 Sale 10 51 16 "24"" Sale 150 155 35 39 "50"" Sale 7% Sale 2% 3 1 2 23% 25 25% Sale 44% i... 18% 45 3% 8% 2% 3% 1% Sale Sale 5% 148 % 159 % 17% 3% 8% 3 1 5 "2 5% 140 148 % 5 142 4 % 43% Sale 5 22 21 % Sale 39% 40% 44 44 5% 21% 22% 22% Sale 4% July 3 21 3 29 5% July 7 21% July 15 39% July 29 23% July 43% July 3 1 27 1 30 30 2 14 30 1 % May 20 5 39% Sale 38% 39% 39% July 28 40% July 102% 104% 104% 104% 104% July 2 104% July 52 Sale 53% Sale 51% July 31 54% July 5 w July July 40 45 2% 5% . Certificates of deposit Lehigh Coal A Navigation New when Issued.. 85,200 340 Lehigh Valley 41% 52% 17% Sale 45 June 12 105 Mar. June Apr. Apr. Jan. May July .... ... 50 8 25 May 23 6 118% 115% Jan. 6 Jan. 9 7% 2% June 1 5] 35 51 May 6 7 June 1 13 100 8,900 Central Airport........... 2,061 Commonwealth Cas Co 10 1,385 Consol Traction of N J.-.100 408 (I) Fishman & Sons 788 Giant Portland Cement Jan. % 53% 16% 48% 15 ... 1,660 Cambria Iron 50 6,600 Camden Fire Insurance.^... Superior Corp July 104 .... STOCKS http://fraser.stlouisfed.org/ i Federal Reserve Bank of St. Louis 42% 96 1953 43,037 Alniai Stores.. 20,440 Amer Foreign Secur.. 33 Little Schuylkill.. 2 99 "96% 100 Sale Sale 1947 26,000 Warner Co 1st 6s wl war. 1944 l,000iW Jersey & Seashore 3 %a 1936 162,000 York Rys 1st 5s 1987 15 109% May 15 91 I960 5,000 Seaboard Air Line 6s 1945 129,000 Strawbridge 8c Cloth 5s.. 1948 1,000 United Rys 4s trust ctfs.. Highest. 93% June 19 102 86 May 12 86 99 102 % 1. Sale Prices. Prices. 102% Apr. 1971 1st lien & ret 5%9 1st Hen & ref 5 Ha Lake 96% July 15 97% July 10 101% July 31 101% July 31 97% July 99 95% 1967 301,500 Phila Elec Pow Co 5%s..l972 5,000 Phila & Read Coal & Ir 6s 198,500 Pub Serv El & Gas 4s w 1.1971 6,900 47,700 128 .... 1948 1st Hen 8,780 15,010 1,300 211.500 2,036 39,500 515 97 132 98% 104 101 6 .... 1981 40 JAN. 2 95 87% June May 4 100 July 31 100% July 28 30 Jan. 3 45 May 18 5 31% Jan. 35% Feb. *>27 100% Apr. 27 102% May 7 15 9 Apr. 11 26% Jan. 70 Jan. 29 May 26 82 97% Mar. 24 101% Apr. 1 96% Feb. 19 96% Feb. 19 76 101% Sale 1970 1st 4%s series Shares 33 1963 184 Cntawissa 1st preferred...... 20 Second preferred- ""'166 Sale 101% Sale 1960 4s 59,000 393,000 100 '"l",506 100 1967 1,000 Reading Traction 5a. 11,000 July 10 93% July 11 July 31 100% July 28 Jul j July 29 38 y l 100% Sale 37% Sale 1965 4%a 1981 24,000 Peoples Pass tr ctfs 4s 1943 15,000 Phila Bait & Wash 4%a._1977 18,000 Reading Terminal 5s 13,000 Lowest Sale 81 % Jan. 70 104 SINCE 109 % May 92% 222,700 500 Highest. Sale Prices. "51% Sale" 219,000 40,200 Lowest. Sale Prices. .1948 21,000 Leh A New Eng 5s 1954 270,300 Lehigh Power A Light 6s.. 1,000 Lehigh Valley 1st 4s 1948 16,000 Lehigh Valley Annuity 6s 54,000 Lehigh Valley gen 4%a..2003 5,000 4s... 2003 500 117,000 31,500 Ask. *98% Sale 4%s 4s 27,000 Philadelphia Co 5s 3,000 July 31. Ask. Bid. 1959 .... : Bid. Certificates of deposit. cons RANGE 1948 Georgia Power & Lt 5%a_1967 Lehigh Nav July 31 $219,900 2,181,150 2. Delaware P & L 4%s 1971 w i 258 600 Elec A Peoples tr ctfs 4s.1945 ll',600 Jan. 1 to 1930. $665,687 8,259,717 PRICES IN JULY. $ Bell Telephone 5s Consul Trac N J 1st 5s Del El Power 5%s 1931. July Price Jan. BONDS 1,000 51,000 73,500 12,000 Bond Sales. 608,742 June 18 45 Feb. 16 June 10 Mar. 17 Feb. 24 Jan. 5 Feb. Jan. 27 23 43 July 30 21% Feb. 10 46% Jan. 20 45% Apr. 30 5 Mar. 31 12 Jan. 25 43 Jan. 6 65% Mar. 24 2% Mar. 20 24% Feb. 26 11 Mar. 10 5 June 18 May 20 182 Mar. 19 34% Jan. 100 Jan. 2 Feb. 16 Jan. 29 Mar. 23 Jan. June 5 44% Apr. 20 104% July 1 11 21 63% Mar. 26 6% Jan. 20 2% June 3 Jan. 27 Jan. 27 20% — 19% June 37% June 42% Jan. 23 27% Feb. 27 55 Feb. 45 May 15 27 PHILADELPHIA STOCK EXCHANGE 66 In July Jan. 1. STOCKS — 4,100 — 3,262 Ask. Bid 24 24% 15 57% 58 Manufacturers Cas Ins 5,700 55,839 Mitten Bank Sec Ask. Bid. 13 Sale 13 % Sale Preferred 7% % July 29 59% July 9 5% July 29 7% July 1 59 M Sale Lowest. Sale 8,/ 5% 5 50 21,700 23,200 90 Northern Pennsylvania Ry__ * 620 Penn Cent L & P cum pref 314,802 Pennroad Corp 50 236,575 Pennsylvania RR 2,400 1,069 ' — — — — — — 89 90 89 744 Northern Central RR 89 93 Sale 75 78 75 Sale 6 6% Sale 57% Sale 48% Sale 68 58 Penna Salt Manufacturing.. Penn Traffic "1% ""2% 78% Sale 6 Sale 44% Sale 60 68 89% 76% 5% 43% July 11 July 8 July 30 July 31 23 89% May 15 89% July 11 81 Mar. 6 13% Jan. Jan. 23 75% Feb. 14 4% June 2 42% June 2 58 May 19 1% May 17 28 June 5 1% 2 26% Jan. 28 % Mar. 17 59% July 9 Jan. 12 87 89% July 11 79 r July 6 6% July 30 50% July 3 Prices 8 % Mar. 17 56% Jan. 26 8% Apr. 2 5% July 29 85% Jan. " 190 1. Highest. Sale Prices. 23% Apr. 58 5 2 Highest. Sale Prices. 23 15 22 Ask. % 56% Corp Lowest. Sale Prices. July 31. July 1. Bid. 100 Manufactured Rubber Co.— 220 Minehill & Schuylkill Hav.50 42 2 1930. Shares. Shares. JAN. SINCE Price Jan. Since RANGE PRICES IN JULY. PHILADELPHIA STOCK EXCHANGE AQQREQATE SALES. 6 8% Feb. 10 64 Feb. 10 81 % Feb. 3 2% Jan. 22 28 June 5 500 Philadelphia Co 14 2,200 3,500 — — 44 Phila Germ & Norris RR — — 504 700 1,085 ------ — — — — 350 1,000 16,394 Phila Rapid Transit... - - - 50 300 Phila & Western Ry 115,830 Railroad Shares Corp..... 10 25,000 Reliance Insurance.. 400 3,565 140 225 — — 1,700 1,200 1,775 200 59,600 2,200 — — — — 650 8,838 Tacony-Palmyra 200 — - — 1,700 130 30 • Bridge Preferred... 13,406 Tono-Be iinont Devel 26,000 Tonopah Mining 76,376 1,00C 4,493,835 131 Sale 130 42 Sale 20 21 % 8% 32 23 17 26 „ 131 39% Sale 8% Sale 93% July 28 93% July 28 9 106% 105% July 23 106% July 8 Sale 33% July 2 33% July 40% 19 Sale 8%' 87% 8% Sale * 1 40% July 9 17 26 7% 13 35% 37 15% July 25% July 6% July 35% July 30 17% July 9 27 July 17 8% July 7 37% July 1 3% July 4% July 7 17 3% July 2 6 July 28 Preferred new "~2" % 3% 5% Sale 2% 48% 46% 5 3% 6% 49 3% Sale 1% Sale 4% Sale 3% 3% 1% Sale 1% 1% 44 42% Sale 1-16 % % % % Sale 50 21% Sale ....* v 45% 60 29% Sale 104% Sale .......* 10 60 65 10 Sale 90 1st preferred 18,550 Victory Insurance Co.. 402 Victory Park Land Impt 8,700 Warner Company....... 5 4% Sale 2 * Preferred.. 27% 96 2% 5 46% 3% 6% 60 3% % 4% 3H 1% 4% 49% Sale 60 18 35 16 14 35 32 Ex-dividend. 6 5 60 15 14 x 11 95 58 11 32 W Jersey 62 24% Sale 30 330 York Rys pref. No par value, 46% July 106 July 3% July 1% July 4% July 30 8 1 II 4 9 28% Sale 105% 106 60 64 10 12 95 99 5 2 6 5 23% 23 % 27% 104% 5 1 1 8 / 17 July 13 5% July 22 23 July 29 24% July 1 58 60 11% Sale Sale 60 July 10 60 July 10 14 July July 13 29 14 34 July July 13 29 5% Feb. 26 July 8 July 31 Mar. 19 2 6 June 31% May 18 24% June 24 37% Mar. 17 106 May 4 62% Apr. 15 15 Feb. 14 June 90% June 16 Jan. 4% Mar. 24 4 May 5 June 2 7% Feb. 4% Feb. 32% Feb. 97 Feb. 62 June 27 Jan. 10 12 32 June 4 28 26 11 13 May 19 Feb. 4 16% Mar. 23 34 Jan. 26 3 14 58% June 11 14 5 Mar. 10 92% June 22 34 5% Feb. 25 % Apr. 13-16 Apr. Apr. Apr. 20 50% Apr. 27 July 8 90 Feb. 10 8 June 3 25 106 49% May July Feb. 7% Feb. 28 2 % July 6 July July 30 7 July July 28 Mar. 23 May 16 39% Feb. 25 1% Jan. 28 41 Mar. Jan. Sale 34 10 30 8 14 May 18 May 18 Mar. 9 11 20 24 Feb. Jan. 23% 11 42% Jan. 99% Jan. 90 Feb. 3% July 1% July 1% Jan. 17 July 29 25% July 30 23% July 15 31% July 1 105% 10% July July 27 38 12 Apr. 17 Apr. 28 6% June 2 32 Jan. 2 31% Apr. 29 1 Feb. 16 3 June 5 4% June 3 3-16 July 7-16 July 30 23% Sale July July 13 16 49% July 31 % July 11 45% July % July 1-16 July 1-16 July 27 July 8 15 50 8106 Sale & Seashore RR...50 400 Westmoreland Coal......... 230 Westmoreland Corp......... 18,338 Sale % 24% Sale 27% Sale 100% 101 S Dairy Prod class A.....* Common class B 18 15 """ ....1 United Gas Impt com new..* 3,60C U 83,535 9 44 12 24 7% Certificates of deposit.. 638,221 40% July 38 .... Union Traction 419 100 93% 100 105% 105% 105 33 33 % Sale 551 Telephone Security Corp.... 220 — Sale Sale .... 186,318 Seaboard Utilities Corp..... 86,486 Sentry Safety Control 25 22,785 Shreve EI Dorado Pipe I 185 — - 7% A... 6% preferred 53 92 102 % 32 % 45% Scott Paper 2,591 l'1, 15 — 1,370 50 7% preferred 50 24,086 121,425 Phlla & Reading Coal & Iron...50 39,584 Philadelphia Traction Certificates... 1,000 124 'g 50 157 Phila Insulated Wire 10 1,900 90 ...25 2,075 Phita Dairy Prod pref * 14,450 Phlla Elec of Pa $5 pref 25 56,600 Phila Elec Pow pref Apr. 24 29 95 101 Feb. 3 106% July 9 32% Jan. 19 33% Mar. 3 129 Jan. 7 132 Apr. 13 40 May 6 45% Jan. 13 88% Jan. e MONTHLY AND YEARLY RECORD ■" vv .; '-W 'Vv RANGE OF PRICES ON CLEVELAND STOCK EXCHANGE Stock Sates. July 1931. ... Jan. 1 to July 31 AGGREGATE 288,380 479,409 Since Jan. 1. July % Jan. 1 to July 31_ PRICES IN JULY. Price 2 1931. 1930. $22,000 .205,550 $24,000 747,450 RANGE SINCE JAN. 1. Jan. BONDS $ 15.000 145,000 3,600 3,000 6,000 22,566 1931. July CLEVELAND S STOCK EXCHANGE In Bond Sales. 36,318 __ SALES. 1930. Shares 30,869 Bid. Cleve Ry 5s 1931 Cleveland Ry 5s 1933 Cleve S W Ry&Lt G«tC5sl954 Lake Shore Elec Ry Gen5sl933 N O T 8c L 4s ""45* 1933 97 32,950 Steel Ac Tubes Inc. debs 6s 1943 86 my Ask. Sale 100 67 98 92 July 1. Bid. July 31. Ask. Bid. Ask. 995* 1005* 995* 100 985* 985* 89 Lowest. Highest. Sale Prices. Sale Prices. 995* July 30 100 Lowest. July Sale 3 88 Highest. Prices. Sale Prices. Jan. 2 3 100 995* Jan. 995* June 22 1005* Mar. 5 Jan. 45* Apr. 23 35 June 29 385* Feb. 98 Feb. 7 985* May 22 90 Jan. 13 Feb. 17 Jan. 30 92 16 18 19 ' <■' Shares. STOCKS Shares. 41 1.389 Aetna Rubber 228 Air Way preferred.. par. * ... 1,179 Allen Industries 92 5 25 38 Preferred B............100 136 Bessemer Limestone.....—.* 25 Bishop & Babcock 50 2 Browing Crane pref... 100 50 Brown Fence 5c Wire A pfd__* 270 B... » 141 Bulkier Bldg preferred... 100 340 Byers Machine A .* 238 Canfieid Oil 100 77 Preferred ..............100 444 Chase Brass 8c Cop pfd 100 ..... 50 62 745 34 5,331 City Ice 5c Fuel 937 Pref * 10 20 Cleveland 8c Buff Tran 74 Cleveland Auto Mach... 20 1st preferred ..... 10 230 Cleveland Quarriea 74 Cleveland Ry 2.059 6.035 6,441 1,755 1,501 2,315 535 290 335 365 100 208 * Cleveland 5t Sand Brew ..100 515 Preferred Spring.... (Wm) pref.... 17 Edwards 133 100 Axle fit 38 218 * * 2,416 1,173 Foote Burt ._.* Fostoria Pressed Steel ...* 200 Gabriel Co 812 General T 5c R.......... * ......... 40 12 "115 50 45* 25* 5 75* 12 70 193* 20 IX 69 305* 785* 65 95 68 67 IX 15 35* A 2. Sale 6 ii 14 100 Sale 12 18 49 X 105 50 Sale 115 28 147 60 7 35 26 2 30 6 555* 14 X Sale 135* —- 25* 15* 315* 865* 102 32 80 265 Mar. 19 Feb. Jan. "3" July*28 10 16 535 780 315 » 100 365 Hanna (MA) $7 cum pref__100 6,360 * India T 5c R 8,757 iuterlake SS... 2,303 Jaeger Machine "155 46 Jordan Motor pref 1,630 Kay nee 80 Preferred "376 1,395 Kelly Island L 5c T 140 Korach ..... Company.... 30 July 6 30 July 6 July 103 102' July Sale 315* July 865* 81 July IX 2 22 11 17 99 15 102 8 325* 3 81 July 17 July 15 Jan. 22 July 3 25 65 62 85 75 3» 75* 3 15* 155* 10 Sale lW. 155* 95* 17 3 2 50 ..... 41 100 12* 95* 15* 10 35* 45* 69 105 65 46 69 July 15* July 155* July 75* July 3 July 50 July 5 July 20 11 2 3 1 72 July 7 15* July 11 155* July 13 10 July 30 4 July 22 15 50 July 15 29 5 July 29 44 41 425* 46 July 29 43 July 1045* 100 1045* 1045* July 3 1045* July 35 25 52 8 Sale ^55* 55* IIIII 10 Sale 35* 355* 27 55* 9 10 Sale 12 45* 48 52 6 6 July 9 July 24 34 July 28 26 July 6 55* July 3 9 July 95* July 35 26 6 Sale 82 100 * 103 21 Sale 26 96 100 99 17 19 3. 9 101X 104 100 80 35* _ 100 100 » 13 * 54 * 8 8 100 10 100 » . 100 19 85 15 95 17 Sale ..... 15 59 14 36 28 22 345* 275* 975* 3 85 18 ..." si 18** 38 7 90 12^ 40 ... Sale 12 3 185* i65* ..... 13 June 10 Jan. 7 Apr. 1 June Jan. 3 Jan. Apr. 7 Feb. 17 June Apr. Mar. July Jan. 36 4 9 Jan. Jan. 17 30 Apr. July June Mar. 14 June Feb. 24 Mar. 4 June Jan. Jan. July Feb. June June Apr. Jan. 37 Feb. 6 30 Jan. 9 8 Jan. 7 8 July 1 July 31 2 7 85 76 July July 3 7 80 72 July July 27 10 75 July July 27 10 50 ----- 99 88 15 July 165* July 95 July 87 July 15 July 2 85 85 ..... 90 75 75 10?* 115* 385* Sale 7 9 July July 835* July 24 16 205* July 22 17 July 9 95 July 1 88 Ju.y 21 165* July 8 17 22 75 105* July 27 July 28 85* July 27 38 85 13 40 9 July 17 July 22 July July July 7 29 7 25* 22 97?* 23 3 22 July 1 22 July 1 27 July 28 28 July 7 --- 27 5 2 19 9 Mar. 27 Jan. 12 Apr. 11 19 2 6 10 5 24 55* Jan. 5 34 July 28 255* June 9 4 May 7 16 Apr. 15 58 May 9 July July 5* 30 5 Jan. June Mar. Jan. 65 80 95 25* 975* Jan. 60 24 6 835* July 73 16 Feb. 25 Apr. 21 June 17 83 76 5 80 16 Apr. 45 76 4 40 90 175* June June 2 14 16 July 23 July 24 July 1 July 6 July 3 -— 45* 865* Jan. Jan. June 3 May 24 35* May 90 79 11 Mar. Feb. July Feb. IIP 45 Feb. Mar. 16 Jan. 29 11?* May 26 60 May 8 ----- 8 35* 8 27 605* 95* 53 Feb. May July Apr. Jan. Jan. 845* Sale 17 12 July 28 May 12 Jan. 76 85 76 76 July 27 76 July 27 1125* 1125* 1135* 1145* 1125* July 2 1135* July 29 100 3,921 Greif Bros Cooperage * 1,040 Halle Brothers.. .......10 795 Harris Seybold Potter 140 Hlgbee 1st preferred 2nd preferred 116 "3" July "28 July 2 85 T" 65 * 4,525 Harbauer 9 Feb. J 49 10 May July May i 125* 22 3 83 100 .... July June 7 79 845* Mar. 16 Feb. 6 Feb. 5 10 35 86 6 90 205 Glidden prior pref Preferred 8 19 7 101 4 457 July 27 Mar. 25 May 5 May 28 70 ....... . July 27 May May May May May 585* 55 * 100 94 Great Lakes Tow pref....100 441 June 16 25 H C 8 9 175* 30 2 102 1125* Sale 20 July 35* ..... 3 82 4 25 7 4 Feb. 37 X 50 94 100 600 Goodrich(B F) 110 Preferred. 200 Goodyear Tire 5c Rubber 190 Preferred 182 Great Lakes Towing , 2 Preferred 1,055 1,046 Geometric Stamping 1,580 Godman 35* July 28 3 99 * 955 Firestone T 5c R 6% pref..100 110 25* 8 * 485 Federal Knitting Mills,. 1,643 Ferry Cap 8c Set Screw 250 Firestone Tire 5c Rubber 355 25* 110 100 1,775 Elec Controller tc Mfg......* 1,728 Enamel Products..........* 1,413 Faultless Rubber ......_* 500 45 35* 55 3 90 102 101X 335* 100 Certificates of deposit..100 Cleveland Securities prior pf* Cleveland Union Stkyds * Cleveland Worsted Mills..100 1,315 Eaton 1 4 ..... 13 75 31 4 18 50 3 5 3 1,164 Commercial Bookbinding...* 415 Cooper Bessemer Oil pref * 5,455 Dow Chemical........ __.* ""191 .... * _.* 137 Preferred 100 629 Cliffs Corporation ▼ t c * 160 Columbus Auto Parts pref ._* 12 10 27 5* * 1,375 Cleveland Cliffs Iron pref..* 3,156 Cleveland Elec 111 6% pref100 327 85 Sale 25 2 55 25* 85* 100 917 Clark Fred O 35* — 7 ..... * 2,205 Apes Electric...........—* 16 1 70 15* 962 Allen Industries preferred..* 50 American Vitrified Prod 50 '185 70 3* ...100 130 Akron Rubber Reclaiming..* 5 Preferred......... ..100 6 15 45 July June Apr. July 6 Mar. 7 30 Mar. 11 Jan. 12 Jan. Jan. Jan. 3 26 Mar. 12 Jan. 2 865* Apr. 7 985* Apr. 94 19 4 102 8 Mar. 14 12 Feb. 16 Jan. 27 975* Jan. 13 85* Feb. 38 1 Mar. 2 1035* Mar. 4 22 Feb. 14 235* Feb. 11 July 1 22 100 June 90 75 35* May 80^ 86}* June 15 Mayjj 8 26 175* June 11 625* June 18 16 Mar. 5 115* Jan. 9 May 21140 July 875* May May June 85* June 16 62 May 435* Jan. 815* June 80 May 102 Apr. 175* June 95 185* Feb. 19 Jan. 135* Feb. 10 June 60 85* June 10 May 5 May 19 10 21 Jan. 6 155* Mar. 25 16 Feb. 16 26 Jan. 6 98 June 26 985* Jan. 31 27 July 28 35 55* Feb. 19 Feb. 6 55* Feb. 19 CLEVELAND 68 PRICES IN CLEVELAND STOCK EXCHANGE AGGREGATE SALES Since Price about Jan. 2 STOCKS Jan. 1. Par. 4,408 2,851 781 Loews Ohio McKee A Medusa Portland Cement. * ....100 339 Miller Wholesale Drug .....* • 6,242 Mohawk Rubber....... Preferred ......100 30 436 Metro Paving Brick..... 34** 70 35 25 26 5,498 1,314 2,882 ; National Carbon pfd National Refining 589 5,600 30 160 8,068 592 103 9,735 526 103** 100 • National Tool.............50 Preferred ...100 Nestle Le Mur class "A"....* Nineteen Hundred Corp ...» North Amer Securities Co__* Ohio Brass "B" • Preferred 100 Preferred J* 5 30 6 1 4** 24** Sale 64 * • 287 Robbins & Myers vtc ser 1..* 2,255 V t c series 2.... Preferred 25 . 11*| 24" 25*4 ....... Preferred 13,407 Sherwi n-Williams Preferred 2,745 2*4 35 IV* 90 12 25 62*4 Sale 8 * • 535 Trumbull-Cliffs preferred 100 5 ... 25 30 30 6 10 10*4 100*4 100*4 8 9 \iH "65" 6*4 *4 50 3 17 10 3 1 3 17 17 July 23 July 2 24*4 July July 4*4 July 15 10 6 6*4 July 50 July July 1 July 193 Sale 5*4 20 July 7 13*4 17 .. 75 .. — ..... 100 68*4 9*4 Mar. 19 25 May 11 3 6 June 22 45 Mar. 26 July 4*4 July 2 6 9*4 July 3 50 July 21 14*4 July 16 10*4 92 17*4 1 7 6 Sale 10*4 11*4 j.0 17 80 100 68*4 8 July 30 9*4 July 7 91*4 July 20 17 Julj 1 6 July 2 10*4 July 29 6 July 2 12*4 July 24 Jan. 3 Jan. 9 July Jan. 5 29 2 Mar. 25 3 Feb. 14 24 H July Feb. 17 87 July 9 July 6 July 23 July 7 July 9 55 July 10 150 July 6 295 July 6 292 July 1 July 10 July 30 July 7 99 July 99 19 10*4 July 10 47 47 85*4 "87*4 '87*4 "90" 55 Sale 87 9 6 July 23 July 7 Mar. 25 14 21 107*4 Mar. 19 Jan. 5 20 Feb. Feb. 71 June 22 23 2 27 20 12 4*4 Feb. 11 Feb. 28 Mar. Mar. 3*4 jan* 1*4 May 28*4 Feb. 4 Jan. 26 Mar. 20*4 Feb. 76*4 Feb. 3 Jan. 2*4 Jan. 7 *4 Jan. 13 15 1 July 16 19 12 30 8 26 5 26 18 27 6 29 30 7 10*4 May May 15 Feb. 17 50 6 16*4 9 *4 May 90 Jan. 14 90 3 June 68*4 52 104 Apr. 29 109 4 Jan. Mar. Jan. Jan. 14 7 15 22 13 102*4 July 8 Mar. 17 2 June 25 Feb. 9 19*4 June 13 28 13 9 Jan. Apr. 4 7 101 June 25 May 16 28*4 Mar. 17 Feb. 24 25 4*4 Mar. 8 Feb. 5 24 May 26 May 25 May 12 98 10 47 85 7 Feb. 24 5*4 Feb. 4 Feb. 24 Feb. 24 Feb. 10 8 1 17*4 9*4 june 90*4 July 25 104 15 July 18 34*4 e8*4 3*4 May 18 10 5*4 June 17 15*4 10*4 July 29 8 10 10 June 7 98 6 31 29 14 135 8 16*4 May 12 13 Jan. 50 100 22*4 Jan. July July May 18 3 80 8 Jan. 138 June 25 8 July 30 11*4 jjily 7 90*4 July 25 15 July 18 July 10*4 Mar. May 32 July 29 July 31 July 3 July 8 July 16 July 16 Apr. 13 104 19*4 Apr. June 52 June 1 May 2*4 Apr. 3 June 30 11 5 July 31 9*4 May 28 3*4 Jan. 30 1 June 4 22*4 May 20 3 May 4 30 4 15 Mar. 12 10 10 ..... 4 105 19 8 June 105*4 Jan. 14 July 1 9 Mar. June 26 2*4 July 21 22*^ May 23 June 22 3 5 May 2 3 32 July 2 3*4 July 25 61 Jan. 8 70 27*4 Mar. 24 1 May 15 23*4 June 17 27 38*4 July 17 105*4 Juiy 57*4 July ~~ij 24*4 July Feb. 8 20 13 9*4 17"" 17 100" J* 6 Sale QO 90 14 4 4 11 108 103 "95 - 5 10 25 59 10 25 > ......50 pfd.....100 * 25 Wood Chemical Co 54 Youngstown Sheet & Tube.* Preferred.... 100 2,873 935 White Motor 664 White Motor Sec 9^A 25 33 7 33? West Res Inv Corp pr Wheeler Metal ......... 60 105 30 30 4 • * 100 pfd.100 9 13 14*4 88*4 58*4 July 60*1 62 60*4 1.05 July 105*4 106*4 Sale 1 July 1*4 101 July 161"" 90 28 * Engineering 65 15*4 50 13 11 1,894 ' 1 "X*4 30 * * 200 Thompson Aeronautical. 3,745 Thompson Products Inc Preferred 1 9*4 Sale w w 6 24 58 1 4 * • * 23*4 23*4 3*4 Sale 1 5*4 Without warrants 65 Wellman 24*4 Sale 60 9 50 Swartwout 235 26 5*4 "A" ... 9 2j 6*4 3 3,185 Union Metal jl,158 Van Dorn Iron 3,618 VIchek Tool *,819 Weinberger Drug July July * ...100 * 105 80 24*4 Sale 3 2 ....100 preferred 733 "B" preferred 488 815 Stouffer Corp "A" 24 4 13 35 5*4 6*4 July 9 135 July 28 130 15 16 July 1 121*4 July 15 121 4 5*4 July 8 12 Sale 9 "18*4 "20*4 Jan. July 31 28 28 13 47 104 July 25*4 Feb. 29 3 1j 10 8 96 Apr. 13 3 .....100 ......... 36*4 July 31 "40*4 July July July 13 104 104 28 10 June 24 June 6 17 15*1 July 3 Sale June 32 36 23 12 10 90 15 9 2 * 725 Smallwood Stone 133 Standard Oil of Ohio pref.100 ..._.* 2,776 Standard Textile _ July July 7 132 July 139 134 lu3 15 July 15 14 Sale 121 July 125 121 127 4*4 July 6*4 4*4 5*4 2*4 1 3 9 July 25 25 2 July 2*4 3 24*4 July 25 23 25 5*4 «,?* "35" 38 35*4 July Sale 105*4 July 105 14 July 14 8 25 ▼ t c... 18,516 Selberllng Rubber Preferred 1.054 3,813 Selby Shoe 11*4 10* 2*4 55 Rlchtnan Bros 155 10 h 8 1 3*4 July ..... '20" * B 2d pf end ♦ 1,130 4,845 Patterson-Sargent 1,445 Peerless Motor............10 * 2,055 Reliance Mfg..... * 215 Republic Stmpg Ac Enam 19,383 "38" 105 104* ... ... 23 5 727 Ohio Seamless Tube 2,541 Packard Electric 1,709 Packer Corporation 100 Paragon B" endorsed... "5*4 7 15 July" 20 2*4 July 21 Sale 6 6*4 July 20 36*4 Sale 103*4 42 40 Sale Prices. 100 Sale 3 ,t8 132 m 138 20 X 22 132 National Tile........... . 41** 35** 103** Highest. Sale Prices. 16 "12" "5'" "16" "5"" "16" 5 Lowest. 35 1 July 35 1. Sale Prices. 10 15 SINCE JAN. Highest. §5*4 July "29 46" Sale 37 21*4 102 18*4 ..!* 45 10 100 25 National Acme. 20 8 5 Lithograph Murray Ohio Mfg.. 6 * 5,036 Myers F E & Bros....... Preferred..............100 31 31 102 2i" 18 ■ 45: Morgan 36" 39*4 Sale 100** Preferred 152 45" 65 July 10 11*4 10 12 10 Sale Prices. Ask. Ask. Bid. Bid. 28 12 H * TheatreslstpflOO G "B" * Lamson Sessions 258 Ask. Bid. RANGE JULY. Lowest. July 31. July 1. 1931. Shares. STOCK EXCHANGE Mar. 18 Mar. 5 Mar. 3 28 Jan. June 8 4 88 Apr. 70 10 Mar. 12 Apr. 22 23*4 Feb. 11 3 104 June 10 6 July July 23 47 8 101*4 June Jan. 13 July July 6 23 Jan. 27 BANKS. 57*4 20 3,605 Central-United Nat Bk 150 10 Cleveland Savings & Loan 100 322 100 1,888 Cleveland Trust 324 959 Guardian Trust .........100 100 225 Midland (lnd) 100 230 National City 72 ...25 23,669 Union Trust........ ... Sale 150 Sale 350 290 288 285 ..... 305 325 61 Sale 54 294*4 288 288 290 288 286 215 56 150 282 270 74 54 100 59 210 305 61 59 July 27 63 July 3 51*4 May 28 July 10 June 2 288 July 6 219 May 27 310 Apr. 17 57*4 June 18 150 279 ir Feb. 24 July 10 Jan. 8 330 Feb. 16 275 Jan. 13 327 Jan. f 75 Jan. • 63 150 325 Detroit Stock Exchange MONTHLY AND YEARLY RECORDS RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales. 1931. July Shares Jan. 1 to July 31 AQQREQATE Shares. mm mm m m PRICES IN JULY. 1931. ""125 40 2,227 18,598 Par. 200 Allen Industries • Bower Roller Bearing * 204,438 Chrysler Corp * 170 150 5,645 Continental Motors com.. * 13,603 Copeland Products Inc.... 2,495 crowiey-Milner At Co com..* 2,436 1,980 15,609 Deisel Wemmer Gilbert com 10 12,580 Detroit Ac Clevel Nav com..10 8.994 rn*mm~m /""loo 727 ______ Detroit Motor Bus 16^ Sale 235 488 960 "2H 10 20 15"" "35"" 17 35 11H 12 H 8 """343 ______ ""266 610 Sale 9,468 874 Class 3,541 Fourth 3 H 49.070 101,764 225 » 9.322 15.014 v * * 5H 7H 64 36.917 2.879 3.423 100 4.562 9,855 114,476 125 2254 35 H 8.453 57.678 "'275 2,048 k |g A g,» » — 2H "3" 6H 8 0H Sale «. 38 Class B .._....* 1,186 85c Convertible preferred....* 524 200 900 ______ ""975 "2,900 3.214 14,994 19,168 31,090 27 2 30 11 12 10 17 1854 35 45 1954 Sale 3754 Sale 254 3 8 154 100 5 July 354 154 """ 854 July 31 2 July 21 1154 July 21 1454 July 7 1854 July 6 July 254 July 954 July 16 July 2554 654 254 2354 1654 July July July July July 20 1254 July 6 15 July 15 160 July 1554 Mar. 17 3 Feb. 11 5 June 12 254 July 23 354 July 31 254 July 4H July J* 154 14 15c 16 H 17 H '1254 20c 10c 654 30 Sale 4 \2H 177 5 5 Sale" Feb. 6 26 2354 July 22 1854 Apr. 25 Mar. 23 9 Jan. 15 190 Feb. 3 Feb. 26 13 2054 Mar. 11 Mar. 5 May Jan. 254 May 9 654 May 21 June 4 July May 554 Mar. 10 Mar. 23 Mar. 18 2 Jan. 29 2 154 Apr. 7 154 June 554 Sato 6 554 654 554 6 754 1654 554 554 554 554 July 31 July 24 July 10 July 7 754 July 554 July 554 July 6 July 1754 1654 July 14 3 37 354 754 354 1 ..... 354 Sale 1 16 July 15 July 7 July 25 July 27 July 20 Sale 7 54 3 54 154 1854 July 7 1954 July 454 July Jluly 40 354 854 354 154 554 3854 17 Sato 6 Sato 5 July July July July 154 15 July 13 554 July 10 3554 July 30 17 July 31 454 July 9 554 July 25 6 July 7 3954 July 3 17 July 31 654 July 31 1254 July 21 1 July 31 1554 July 154 July 2054 June 30 1954 July 1 254 May 11 32 Feb. 3154 June 254 Feb. 4854 554 1354 6 54 6 June 24 15 May 27 25 Jan. 3 14 154 July 22 2654 July 27 2 July 10 2 July 27 2 July July 19 1254 July 17 2754 July 6 28 10c July 10 15c July July July 22 2 10 4 554 3554 1254 454 Sato 25 30 14c 3 June 9 June 22 July 30 Feb. Sale Feb. 25 Mar. 19 Mar. 10 Jan. 13 Feb. 17 Mar. 21 Feb. 3 Feb. 25 Mar. 12 24 12 Jan. 24 1854 Jan. 21 28 54 May 8 354 Feb. 7 25 12 6 June 6 Feb. 1754 Feb. 28 2 11 May 15 20c 25 6 2 25 Jan. 12 6c 13 554 July 29 254 July 20 7 July 15 354 July 854 July 27 2 July 21 1754 Feb. 2 Jan. 30 3654 Mar. 21 June 24 Apr. 21 Apr. 25 354 June 2 2454 June 2 1 June-2 654 June 2 23 Apr. 13 754 4654 454 1854 23 48 48 13 354 July 9 1254 Jan. 29 4554 Mar. 10 20c 30 354 Sale Jan. 2454 354 2554 354 31 2554 Jan. 29 2 Apr. 20 10 7 Mar. 21 Mar. 19 Feb. 25 May 4 6 Mar. 24 17 2 21 18 22 Jan. 26 June 3 10>* Jan. 13 35 11 Sato 30 Feb. 4 54 July 3 30 25c 17 27 Jan. 13 2 54 5 8 27 24 11 25 16 19 2 5 Jan. Jan. Feb. June Mar. Feb. 654 Feb. 2 3 1154 Mar. 10 10 13 Sato 2 754 1554 754 2954 6054 1154 June 1 July 25 H Feb. 154 June 9 Apr. 2654 Sato ..... Apr. 27 7 654 1 June 5 354 July 154 July 2054 Jan. 10 Sale 5 454 May 26 19 554 Sale 5 1954 July 354 July 254 June 12 454 May 27 23 15 30 ..... 45* 9 Feb. 36c 14 6 2554 Mar. 654 July 5 15c 35c Feb. 27 ..... Sato 3454 Mar. 27 8 May 14 5 17 2254 Mar. 25 June 19 27 3 3 1354 15" Jan. 17 June 254 554 254 354 3 254 Feb. 24 1454 Mar. 3 554 Feb. 3 22 654 23 UH July 5 July 141 6 6 June 22 5 354 Sale 354 2354 23 31 21 3 29 1254 June 2 6 July 24 254 June 17 10 1 10 954 Jan. 30 554 Jan. 2 June 1 30 30 Feb. 9 Sale Prices. 2 1554 16 154 Sale 154 88,856 3 I. Highest. Prices. 754 Jan. 554 Jan. Apr. 1 Apr. 54 Jan. 854 July 2 July 954 June 954 May 9 11 .... 10 17 30c ...........10 1001 tiles Detroit Theatre ...10 20.321 intor •tankers Corp com...* 10.027 7.575 154 2054 1654 2754 3 l5c 'Mgai Preferred 9 854 July 31 2 July 21 1054 July 6 1054 July 15 12 1154 July 5 6 54 July 165 15254 July .... Sale 554 Sale 554 6 36 3954 1554 1654 554 Sale 25 1,1 Sale 254 4 lHil 54 17H 20H 26 H Sale 12 600 "6.125 554 654 10 700 5 6 554 4 54 11 2.030 18.286 43 "lH Sale" Class B. 1 "558 Sale "7" Sale preferred... 1 ______ Sale" Houdallle-Hershey class A..* 100 150 5 3 iVIwsVl July com. 200 1,400 11 39 Convertible 1154 554 754 Sale 6 954 Sale 10 H 126 Gt Lakes Engineering com.10 1.440 3H 454 Sale 154 354 2454 28 B VJs ■ « UM . 254 ..... 4H 8 Investors 654 254 2 54 2054 Sale 1654 Sale 8 common Nat 5 SINCE JAN. Lowest. 1954 11 1,860 185,200 245 1654 ..... 525 8.121 5H 17 Sale Sato 5 1 OH 7 Ford Motor of Canada cl A. 25 165 ...10 141,929 Ex-Cello Aircraft Ac Tool... 6,973 Federal Mogul common.... 17,183 Federal Motor Truck com., 22,257 ••ederal Screw Works com.. 12,921 4,795 11H 863 Detroit Paper Products..... * 165 Foote Burt 21H. Sale 5 2,892 Detroit Steel Prod com .* 313 Dolphin Paint & Varnish A_* 1,100 Class B * 9,461 Sale Prices. 8 com... Gasket Ac Mfg Co.. Detroit 10 H Sale 1354 Sale ..100 100 Detroit Gray Iron Fdy com.* / ■/'• 100 Detroit Majestic cl B com...* 540 Class A pref ......* 375 Detroit Mich Stove Co..... 23,950 4 al* Sale * common 687 Detroit Edison com 150 Detroit Forging A 13H Highest. Sale Prices. 6 154 2H 1 254 8*4 Sale 154 3 54 1154 Sale 1354 Sale 2 13 „* common 5 4 IH 3 Lowest. 6 6 13 H OH * 850 Consolidated Paper com...10 ______ Ask UH 4 * com Class B 83,113 Briggs Mfg Co 121 m* July 31. Ask. Bid. Sale V 1H 3.255 Baldwin Rubber class A... 12,660 50,679 ______ • Bid. * • 805 13.353 Ask. com...... 2,315 Alloy Steel class A 2,256 Class B 3.823 Auto Fan Ac Bearing 100 Brown Fence & Wire cl B 56,988 Bid. July 1. 1,900 Airway Klec Appliance com.* mm ""300 RANGE Price Jan. 2 STOCKS Shares. mm 297,958 3,661,319 2,359,691 DETROIT Since Jan. 1. July // SALES STOCK EXCHANGE In 1930. 239,409 35c 35 13 Jan. Apr. Apr. Jan. Mar. Feb. Mar. Apr. 16 21 25 23 10 3 10 13 81 """935 m mm mm'm 11,160] 270i 150 "9,117 157.574 7,821 1,607 60,503 54,026 ______ 20 1.738 ""875 454 Class B 454 454 29 Preferred. eerless . Sal 3 Sal > Cement common • com...* 26 Sato 9554 Sale 10 _ 754 Sale 8H 10 7 1,083 1,602 400 • *. mm m m m "550 975 8.258 eo < Motor com ommon vot ... 10 89 50c 3 5c 7 8 654 90 Sale 654 1 14 Preferred tlent Automatic Prefer 7 Sale 15 1 15 854 July 27 July 9754 July 3 24 1 10 Sato 654 July 31 7 54 July 15 10 21 Sato 6 654 654 July 16 654 July 2 1 154 15 54 July 13 July 354 July 1 1 13 154 July 1554 July 454 July 5 24 1454 Sale 654 July 22 754 July 10 1454 ...* com 654 July 26 July 84 July 6 5.147 6.161 1,445 3,395 8H trust ctfs Sato 2654 Sale 10 ' 3 Mar. 21 354 June 12 Jan 2 22,495 "Ittshurgh Forglngs 34,161 4 54 July 4 >4 854 450 /;/ 1,210 5 ♦ * ed_.._..........100 23 8 90 Mar. 21 554 May 14 6 May 20 554 June 3 2554 June 22 3 54 1154 3154 5 10854 Feb. 26 Feb. 17 21 Jan. 28 Mar. 26 Feb. 60 Jan. 10J4 154 654 754 Apr. 22 June 4 10 4 Apr. 6 Jan. 22 12 July 31 Apr. 11 1354 Apr 13 27 554 May 28 6 May 26 54 July 1 13 July 1 354 Jan. 3 37 954 90 23 June 16 454 June 3 8954 Feb. 20 8 Jan 1054 Feb. 11 8 2 Feb. Jan. 18 Jan. 18 5 28 654 Feb. 27 53 Feb. 25 13 Feb. 26 90 Feb. 10 * DETROIT 70 Since Jan. 1. Par. Ask. Bid. 19 24 .* 125 Union Investment com 100 United Shirt Distributors..* 4% ...* 100 20% Sale" 1] i % Sale Tlmken Axle com......... Preferred 95 95 100 95 6 6% Sale 100 Sale 9% 121 July July 6 23 10 100 37,114 1 Highest. Sale Prices. 12% July 5% July 24% July 10% July 16 5% July 29 21% July 20 8% 6 8% 9 * 740 Third Nat In res tor 8 com 2,140 27 19 21 24:% 22 26 5% 6 5 24 11 12% 10% * Ask. 1354 6 Ask. Bid. Bid. 12 .* * 425 Stearns (Frederick) 8c Co..* 10 1,287 Sutherland Paper com 5 10% July 4% June 19 May 18 Apr. 6 Feb. 7 29 11 23 % July 29 July 14 110 U S Radiator com Preferred 7 4,000 34.764 40,413 2,750 5,410 5,470 Universal Product com 13: 510 Whitman 8c Barnes Inc com * 200 Winters Crampton Mfg cl B_* 10 275 Wolverine Portl Cem com * 75 Wolverine Tube com 69,429 Yosemlte Holding com v t c_* 10,800 Warrants.. 1,100 100 22 70 4% Sale 1% Sale 12% 13 2% Sale 1% Sale 11% 12 11 "3% "16"' Apr. 21 Apr. 23 Jan. 2 65 Feb. 14 2 Jan. 12 .... Sale 60c 30c 60 75 61 % Sale 37 % Sale 75 48 50 20 82% Sale Sale 53 2% Sale 60c 30c 61% Sale Sale 34 % 8,895 Fidelity Bank 8c Trust Co..20 •No par value. Sold for Cash o x Ex-dividends, r June 26 May 26 July 14 21 1% July 1 June 17 June 15 22 2% July % July July July 3 11 63% July July 3 July 3 27/ 14 11 60% July 24 33% July -25 38 2 21 1 60 TRUST COMPANIES. 1,773 1 10 15 BANKS. .....20 66,613 Detroit Bankers ......20 94,986 Guardian Detroit 135 United Savings..........100 6,403 5,637 July 14 1% July 31 21 4% July 29 1% July 25 12% July 29 1 7% Mar. 16 2 June 12 1% June 3 10 Mar. 20 1% June 3 50c. Apr. 22 1% 15 "2% 14 July 20 ..... 1% ......... 1 July 1 21% 1% Sale 8% 1% Sale 8% 1% Sale 2% July 11 20 27 21 24 22 146,672 7,590 1 70 * * Class B 20% 20 21 19% July 26 13 5 20 80c. Universal Cooler class A....* 910 Walker 8c Co units.... Warner Aircraft Corp com..* 200 6 ..... 16 25 Sale Prices. Feb. 5 16 11 Jan. 8 32 24 Mar. 6 Jan. 3 7% 18% May 19 26 5% June 8 11% 95 July 14 103 July 21 July 30 7% July 6 95 July 14 6 21 30 Prices. Sale 4 \ 1. Highest. Lowest. Lowest. Sale Prices. July 31. July 1. 1931. 3,605 Square D class A Class B 4,188 5,459 Standard Steel Spring 100 2 Jan. STOCKS Shares. Shares. 130 30 i. 695 JAN. SINCE RANGE PRICES IN JULY. Price EXCHANGE STOCK In EXCHANGE DETROIT aggregate sales. July STOCK 59% May 27 133% July 25 51 Mar. 25 8 May 17 May 5 Feb. 20 Feb. 20 Feb. 14 Feb. 24 5 80c. Apr. 20% Jan. 65 Feb. 4% July 2% Feb. 17% Feb. 23 2 14 29 4 28 5 3% Mar. 12 8% Mar. 24 2 June 12 Feb. 24 3% Feb. Apr. 3% Mar. 75c. Apr. 12 13 15 24 24 90% Jan. 24 59% Jan. 30 65 Feb. 2 Jan .5 16 48 Ex-rights. -*1 unrt- Baltimore Stock Exchange MONTHLY AND YEARLY RANGE OF PRICES ON 1931. Stock Sales. Jan. 1 to AQQREQATE STOCK In Since Jan. 1. 6,000 Jan. BONDS 4,125,900 RANGE 2 1931. Bid. BONDS sewer.........1974 1964 1962 conduit. 1962 100 O B 1962 Ask July 1. Bid. July 31. Ask. Bid. Ask. Highest. Sale Prices. Sale 101% Mar. 100% Jan. 4s 4s P 8c B (coupon)... 14,000 57,600 4s dock loan... 4s school 104% July 1962 1961 1961 .............—1961 15 104% July 15 101% 104 100% 104% July 104% July 104% Sale l55" Sale' 1 104% July 11 104% July 1 2 Feb. 6 101% Mar. 6 Feb. 19 19 101 17 100% Jan. 17 4 104% June Feb. 3 101 Feb. 3 101 Feb. 101 Feb. 101 Feb. 100% Jan. 101 Mar. 20 105 14 102 99% Jan. 99% Jan. 2,300 3,300 4 000 4s sewerage impt........ 48 sewerage impt 6,000 48 burnt district 4s O B 500 1,200 2,200 1961 1961 5,000 2,400 4s conduit 19f>K 19,800 4s water loan 1957 2,100 4s engine house 1,000 4s second sewer (Cpn) ...1956 2,600 4s park loan............1955 36,700 4s annex 101 1960 100 I960 .............1958 impt.........-.1954 104% Sale 100 104% July 14 104% July 14 101 101 104% July 104% July 1 104% July 11 104% July 1 17 104% 100% 102% 100% 104% July 11 104% July 1 101 104 100 104% Sale Mar. Feb. Feb. "266 '"866 T.666 1,000 3,000 1953 1951 100 4s caving loan ...1951 4s second water serial 1950 100 48 second water serial...1949 1948 800 4s second school loan 1941 6,000 4s second series P & B. 1,300 4s second school loan ...1938 8,000 4s second sewer......... 1937 88 14,600 3Hs new sewer .........1980 3%s 1980 2,200 200 3^8 1945 5,800 3%s public improvement. 1940 1936 1,000 3%a 4s 3rd P 8c B 4s annex impt........ 3,000 Arnold Cypress Co 6%s..l939 2,000 Arnold Lumber Co 6%s..l937 1,000 Atlantic Coast Line Co.... 3,000 Balto & Harrlsb RR 5s... 1936 West'n Exten 1st 5s 1938 1,000 15,000 Bait Spar Pt 8c Ches 4%s.l953 35.000 Bait Trac N Bait Dlv 5s_. 1942 9,500 Benesch (I) 8c Sons I w I. 1939 5,500 Carolina Fiber Co 3,000 Central Ry consol 5s Charleston Cons Ry Gas 4,000 8c Electric 5s 1999 8,000 Chea 8c Potomac Tel of Va 5s 5,000 Commercial Credit 6%__1934 104 104% Sale 104% July 1 104% July 1 104% July 2 104% July 2 103" Juiy"l8 103 ~Juiy~l8 101 105 105% 104% 100% 103% 100% Jan. 105 Feb. 100% Jan. 96 80 76 83 75 95 83 July 15 July 22 76 104% July 2 101 Feb. 101 Feb. 3 102 June 103 July 18 Apr. 22 Apr. 22 95 June 18 Feb. June 83 92 97 101% Mar. 3 3 101% Feb. 17 27 May 13 Jan. 27 95 Jan. 97 May 13 Mar. 10 Mar. 10 101 103 May 16 118% Feb. 20 100% Apr. 18 100% Apr. 18 101 |03% Feb. 101% Mar. Mar. 27 94 Mar. 27 94 Mar. 5 92 May 2 94 3 100% Jan. 3 100% Jan. 3 100% Feb. 3 100% Feb. 101% June 26 101% June 26 47 Apr. 20 51% Jan. 22 Mar. 11 75 May 2 80 July 15 July 22 70 Jan. 10 83 July 22 95 100 26 17 15 8 20 June 6 105 100% Jan. 10 Jan. 76 May July Jan. May May July 101 94 Feb. 5 May 23 Mar. Jan. 101% Mar. 101 £ Mar. 99 9 102% Apr. 22 104% June 23 105 May 23 95 99 6 June 10 Jan. 101 100 3 3 100% 101% 100% 104% 95 95 3 103; !% Apr. 29 101 % Mar. 7 105% May 20 May Apr. Jan. Feb. Apr. 5 105% June Jan. 101 2,000 4,100 17,000 12,000 Sale Prices. Prices. 101 4s 1. Highest. Lowest. Lowest. Sale Prices. 4s second sewer 4s JAN. SINCE 4s second 200 4s Jones Falls.. 2,700 19,400 July 31 Price EXCHANGE BALTIMORE CITY % 3,000 3,000 1,000 10,200 3,000 2,000 $280,800 $228,500 1,070,700 PRICES IN JULY. BALTIMORE SALES. July Jan. 1 to 1930. 1931. Bond Sales. July 33,059 461,690 287,223 July 31 BALTIMORE STOCK EXCHANGE 1930. , 30,506 Shares July.... RECORD BALTIMORE AGGREGATE SALES, BALTIMORE Since July Jan. 1. Shares Shares. 2,000 3,000 i' • m m m mm — ■» 6,000 ^ 7.000 5.000 m. mm mm — mm 6,000 1,000 IfV mm'mm'mm ■ mm 6.000 — -. — — — 2.000 1.000 1931. Par. 1,000 23,000 29,000 1,000 7,000 1,000 28,000 3,000 30,000 5,000 25,000 2,655 mm BONDS 3,000 3,000 4,000 5,000 19,000 13,000 _ Consol Gaa Gen 4H> First 5s -- 52.000 15,000 14,500 6.000 31,000 Shares 165 July 31. Ask Bid. Ask Ref 1st 5s Lowest. Highest. Sale Prices Sale Prices 100 k July 1939 Lowest. 23 106k July 30 mm mm mm 1965 1934 67 Georgia Marble 6s 1950 Ga Sou & Florida 5s 1945 70 Klngaport Press 6k% 1939 Knoxvllie Traction 1st 5s 1938 Lake Roland 1st 5s .1942 Lord Bait Hotel gen 6k % Macon Dublin & Sat 5s__1947 Md Electric Ry 1st 5s 1931 98 K 97 97 98k 100 90 July 23 -III "79"" 76 76 Sale 98 40 Sale 39 37 SI* 6754 July 93 July 93 102 88 1935 93 35 99 July 96 66 81** 96 3 96 10 July July 1 3 16 18 76 July 96 10 July July 40 68 1 1 July 15 July 18 93 .... 96 w.1943 100 H 101M Sale 97 k Sale mrnmm. 89 'ilk "44" 19 X 37 50 86 H 43$4 101 95 44** 99 k July 6 99 k July 6 101 k July 31 101 k July 31 97k July 1 99 k July 21 "19h Sale' Sale *50"" "52"" 22 49 44 Sale 38 k Sale Sale 18 31 12k mm, 1,189 Ches Ac Pot Tel 352 17 4,025 1,170 14 of Bait 1,039 55 41 377 54 25 75 Preferred B 3854 Sale 15 1 37 Sale 95 100 4354 July 7 18 July 31 3154 July 15 50 July 2 1354 July 7 285* —~ 54 Sale 36 54 155 216 Preferred... 75c.July 17 44 k July 20 July 7 13 33 July 27 51 July 15 July 10 6 260 «. 200 J. m m — m m m mm mm m Series B 331 «. 1,128 , 6,969 0 mmmmmm~ Preferred.. 88 10 15 Preferred 91 203 24 85 110 109 91 Sale Sale 88 10954 10354 1035* 106 654 31 827 110 2,666 259 14,747 310 3,998 v 405* 25 445* 4 Sale Sale 28 165* III6 Sale 41 22 Sale 28 140"" Sale 954 954 Sale 40 "285* 10 25 1375* 140 954 954 10 41 41 2354 3 .... m Sale New Amsterdam 24 254 • 420 5 ..100 59 Casualty. 1 6 15 68 July 15 93 July 18 9154 Apr. 16 4 1035* Mar. 12 03 Mar. 83 June 1 88 Jan. 90 Apr. 17 93 94 Jan. 31 100 Jan. 6 Apr. 20 6 015* July 31 101 k July 31 975* July 1 985* June 18 Jan. 7 79 855* May 11 9554 0054 Feb. 3 102 8654 May 15 88 50 Mar. 13 67 425* Jan 6 5054 1754 June 3 26 . 30 49 12 June 8 June 20 May 18 Mar. 11 Jan. 7 Feb. 20 May 1 Jan. 29 Apr. 4 Feb. 25 44 Mar. 13 Feb. 25 65 35 Jan. Jan. A 94 Mar. 11 17 20 May 13 Feb. 10 4 10 July 7 105* July 7 1 5 2 1 6 11 15 15 9 3 27 8 65* July 22 July 22 28 i* July 22 40 July 21 July 13 3 1754 Sale July 1 1154 July 17 6 July 13 175* July 28 7 29 July July 22 6 33 255* 2554 7 .... __« 50 150 Wash Bait Ac Annapolis 50 3,420 Western Md Dairy Inc pref * Prior preferred 104 50 783 Western National Bank Feb. Sale 585* Sale 6 22 4154 July 10 24 July 20 1185* Mar. 2554 July 21 25 July 11 87 July 9 2454 May. 19 Jan. Jan. June June Jan. Jan. 10054 Feb. Jan. June 107 June Jan. 15 52 35* 27 98 50c 93 54 Sale 53 3 Sale" 20 9 20 Sale 26 3 June 12 U2H Juna 1 July 13 Apr.. 13 8 Apr 16 1754 Apr. 13 12 Feb. 325* Jan. 21 17 20 40 Jan. 14 3954 May 19 45 Jan. 15 Feb. 24 June 18 32 3 165 June Mar. 4 Jan. 22 June 11 6 Mar. 26 1 June Feb. 26 Jan. 9 Jan. 23 May 20 13 3 July 125* July 7 July 21 July 1 May 18 Mar. 21 105* Mar. 17 105* June 18 10 May 1 654 Mar. 6 75* Mar. 14 50 Feb. 27 Feb. P Jan. 26 29 Feb. 25 24 Mar. 87 May 1 Feb. 20 June 15 1 i* Mar. 2 2 Jan. 16 Apr. 9 July 28 36 Feb. 24 June 25 Feb. 16 32 Jan. 41 Feb. 17 16 June 16 4175* Mar. 4 July 28 3354 Jan. 6 Mar. 18 Mar. 18 Sale' 2454 Ju^y 10 554 July 11 5 July 1 48 July 28 255* July 65* July 5 July July 21 1 3 315* July 14 275* July 22 8854 July 1 315* July 29 July 895* July 20 315* May 11 275* July 22 8554 Jan. 19 3454 Mar. 19 365* Feb. 24 90 May 18 59 61 28 20 53 Sale 50 60 July 14 July Jan. 15 Mar. 13 June 20 July 28 2 14 1 18 19 July 23 19 July 23 51 525* '1754 Sale 10 10 52 3 53 July 16 July 17 July 24 175* July 31 4 21 July July July July 16 1 3 1 975* Sale 99 '3354 "345* 33 Sale 2k Apr. 14 Jan. 12 754 Mar. 615* Apr. 2 18 May 2 225* May June Mar. 2 70 Feb. 17 2 17 Mar. 12 June 18 20 Jan. 30 7 Jan. 7 6 26 2 40 June 29 40 June 29 8 May 27 10 Mar. 14 Feb. 23 Apr. 16 5 94 945* 6 25 4 Sale 2 265* July 315* 40 2854 Sale 8854 Sale ..... Mar. July 28 23 10 4 22 Jan. 65* Apr. 11 5 24 July 654 June 11 July 22 2 9 1 July Feb. 24 48 595* Sale 15 245* Feb. 20 Sale Sale 50 3 60 24 6 5 Common Preferred June 28 29 ... 10 1* July 25 July 22 26 July 1375* July 20 140 k July 954 July 1 954 July 6 Feb. 25* June 12 354 Feb. 20 65* May 19 July 22 112 17 July 5 21 July 21 July 11 215* 87 80 July 9 2454 July 11 11^ 90 79 July 7 1115* July 24 110 11054 July 30 1085* 107 July 13 10254 3 July 3 6 July 8 common. Penna Water Ac Power......* 4,061 United Rys 8c Electric.....50 75,742 U S Fidelity Ac Guar new...10 21 Feb. Jan. 75* Feb. 2 375* Jan. 20 25* June 12 4 Apr. 30 24 Sale 30 54 25 5 4,039 Union Trust Co No par value. 65 975* Apr. 565* Mar. 93 July 18 8854 Mar. 6 May "21" Sale" 958 Standard Gas Equip pref 538 Standard Gas Equip common - 3 15 400 25 5 Walton At Co pref......... m Jan. July 0154 Jan. 25 125* 27 30 30 748 Un Porto Rican Sugar com..* 227 3 95 37 325* Feb. ..... mrntm Feb. 55* June 11 33 June 3 16 120 Sou Bankers Sec Corp pref ' 24 3 8 27 54 June 19 July 225 Second So Bankers com...... 7,081 Silica Gel common... 7,220 Feb. 29 37 Sale 812 Northern Central 515 18 24 30 t—100 Preferred... 105 Park Bank 10 75* 435 Nat'l Sash Weight pref 40 487 Apr. 2854 July 25 11554 July 17 July 235* July 225* July 85 July 2454 July Sale 86 July 111 July 110 July 10554 July 35* 25* July 6 July IIIII Sale ..... 424 Mt Vernon-Woodb M 25 Mar. 11 89 875* 10,983 Monon W Penn P S pref 3,273 Mort Bond 8c Title w I 144 80 75c Jan. 8 154 June 30 Jan. 27 3454 June 2 42 83 May 21 11554 Feb. 9 1175* Sale Sale 23 Ac Miners Transp 13 Merchants Mort & Credit— 50 6 3 10 t—25 common v 168 Mercantile Trust 444 Jan. June 20 225* Sale —... 1,843 Merch 1,030 95* 23 .... 425 75 100 v t c 1st preferred 1,435 ..25 2d preferred.... 3,308 25 23,274 Maryland CasConew when iss 4,142 Maryland Tr Co new when iss 5 May Oil Burner......... mmmmmmmmmmrnm Jan 80 (new) 684 Mfrs Finance 630 14 Mar. I w 10 John E Hurst 3,438 90 Jan. 1 July 17 3754 July 7 July 13 355* 11554 Sale 158 Humphreys Mfg Co pref.. 200 271 717 14 ......... First Nat Bank Guilford Realty Co...... 434 Houston Oil pref 2,735 11 • 923 Finance Service com A 29 Common class B vot tr ' 90 90 common.. ' — 10 July 23 July 13 36 90 285* Sale 554 7 ... 3,547 Fidelity Ac Guar Fire Corp. 10 2,807 Fidelity 8c Deposit...... 50 2,158 Finance Co of Amer A... * 215 31 19 9754 Feb. 60 IIIII 25 150 Empire 38th St Corp pref.100 206 Equitable Trust Co........25 mmm Sale * 1,038 Eastern Rolling Mill....___.* 1,487 Emerson Bromo Selts Awl .1,.. m 30 pf—100 ....... 400 Davison Chemical 54 Feb. 10 94 Preferred...............25 80 65*% 1st preferred 100 427 Commercial Credit N O pf.. * 10,188 Consol Gas E L Ac Power 610 6% preferred ser D.....100 428 554% pref w 1 ser E 100 2,871 5% preferred ......100 2,216 Consolidation Coal.... 100 87 ' .10 60 Commercial Credit....... 1,111 434 27 101 30 5 18 21 11 23 11 STOCKS. 165 Berllner«Joyce Aircraft Corp. 13,246 Black & Decker common..—* 320 Preferred................. mm Feb. 1254 June 10 50 Benesch (I) Ac Sons common.. 1,160 98 July June May May May July Apr. 97k Feb. 79 75 Baltimore Tuba com.. 100 468 Preferred................. -m,-~mrnm, 101 Feb. 28 1065* Mar. 15 1065* 10054 Jan. 9 107 J* 98 97 k June 24 1055* May 11 1055* 70 July. 23 70 55 May 9 70 Jan. 2 9354 Feo. 25 95 10154 Mar. 11 10154 Mar. 11 18k 1940 July 90 Monon Vail Trac 1st 5s..1942 Norfolk Street Ry 5a_——1944 w 70 16 100 Merchants Terminal 4k* 1948 North Ave Market 6s Olustee Timber Co 6s 98 H July Sale 95 1st 8c ret 6 k* series A—1957 Maryland Lat'l Ac Post Rd L n Maryland Mtge 5**# 1948 Prudential Ref 6 k* July 23 1931 34,373 Baltimore Trust Co mm 1. Highest, 105 210 Baltimore Brick pref. 2,130 mm JAN. Sale Prices. Sale Prices. 10214 —1934 Elk Horn Corp 6!^ s Finance Co of Am 6 k* 1,665 Appalachian Corp...—...... * 16,557 Arundel Corporation 693 Atlantic Coast L (Conn) 50 50 July I. Bid. 1954 Consol Coal ref 4ks. Shares. 1,957 Ask Bid. Consol G E L Ac P 43*8.__19;i5 4H« 1981 1,000 Roland Park Homeland 5 k*' 81,000 Safe Harbor Wat Pow 4k* 1946 3,000 Sandura Co Inc 1st 6t 6,000 Silica Gel Corp 6k* w w.1932 9,000 Standard Gas Equip 6Hi 1932 1,000 Tolchester Beach 6s......... 51,000 Un Porto Rican Sug 6 ^s. 1937 1949 563,000 United Ry & El 1st 4s Income 4s 285,000 .........1949 Funding 5s 1936 105,200 1st 6s 1949 131,700 175,000 Wash Bait Ac Annap 5s...1941 Md Trust certlfs 5s.... 7,000 1 ,OOOWest Penn Traction 5s.. 1960 25.000 SINCE RANGE Price about Jan. 2 18,000 8,000 14,000 12,000 1.000 3,000 3,000 22,000 ______ 71 PRICES IN JULY. STOCK EXCHANGE In STOCK EXCHANGE 10 51 9 Mar. 19 135* Jan. Apr. 20 62 6 37 1 June 19 3 July 24 175* July 31 97 July 3 99 July 31 96 25c 94 33 July 17 34 July 24 33 June Jan. 15 9 4 Jan. 13 20 Feb. 20 Jan. 19 June 9 975* Mar 2 27 Jan. 995* May 23 6 5454 Jan. 5 Apr. 16 1 Jan. 55 Jan. 38 Jan; 3 13 San Francisco Stock MONTHLY AND YEARLY RECORD FRANCISCO STOCK EXCHANGE RANGE OF PRICES ON THE SAN 1931. Stock Sales. Shares July.. Jan. 1 to July 31 In Since Jan. 1. Jan. BONDS T.666 3.000 "3", 600 "f.ooo 102% ..... 2~6o6 14.000 7.000 2.000 1,000 4,000 7.000 1.000 1.000 2,000 34,000 46,000 96 '""395 " mmm «- — m 456 20 3,090 500 470 m -.1945 • 13.406 Clorox Chem Co A 574 CstCoG At ECo 6% 1st pf.100 Conaol Chem Ind class A pf * 13,159 110.416 8.852 4.316 383 300 1,570 300 5.371 520 ...... * f tremen s Fund Ins Co 25 400 First Nat Corp of Portland.* 66.840 Food Mach'y Corp com.... * Preferred series A 100 20 "2",148 10 6% 205 6% 6 13% % 4% B Q 74, 54% 50 Sale 48 88 75 84% 88 82 63 75 89% 90 104% Sale 28 Mar. 26 95 Feb. 21 88 July 6 104 Feb. 2 106 July ----- 105% 107% 99% 100 July 27 July 17 July 15 82% July 50 July 84% July 8 3 29 80 Sale 103% July 104% 105 1 104 % July 24 79% "90" "III Feb. Feb. 91 92 90 July 9 91 July 92 May 96 Feb. 95% Apr. 74 July 48 July 82 July 64% May 90 91% 1 1 104% July 105% 106% 104% July July 25 105 July 25 105 105%" 106 105% 106% 114 115% "98% July "28 "98% July "28 105% 107 107% 108% 166 July 2 166% July 28 100% 101 155 12% 14% Sale 9 16% July 10 13% July 150 120 150 180 155 159% 155" July" July 11 3% July 8 25 160 — 14 91 Feb. 1 2! 20 13 15 Sale 5* 3* 18H 26% 110% 23% 110 Sale 25 89] 25] 15 Sale 323 23% July 28 Jan. 15 Jan. 22 Apr. 1 Apr. 23 94 98% Jjly Jan. 13 100% July_28 74 June 23 Jan. Jan. 73% 99% 94% 101% Apr. 14 16 Jan." 10 90 117'•May 2 24 Apr. 14 Feb. 3 May 1 Mar. 6 Mar. 2 5 104% July Feb. 3 May May May 1 4 6 73% 99% 91 % 106% 97% Sale 80 90 5 34% 11 7% 2 6 11% Sale 102% 101% Sale Sale 18 6% 20 4 34 - 3 3 10 18% July 13 11% July 23 6% July 9 July July 19 July 11% July 7% July 23 30 28 17 23 17 2% July July July 34 % July 82 — —«. Sale 90 1% 3 33% 35 5 9% 1% 2 2% May May May 17% May 10% June 6% Jan. % May 19 Sale 13 14% 15% 16 24 16 Mar. 10 14 3 15 6% 54% 53% 23% Jan. Jan. Jan. Mar. 12 12 12 26 15 Feb. 13 10% Mar. 24 1% Jan. 3 7 16 Feb. 24% Mar. 30 15 May 25 26 Jan. 9 8 36 Feb. 26 85% July 7 % Jau. 2 26 80 33 33% July 21 27 Feb. June 22 1% July 27 Jan. 5% Mar. 1% Mar. Jan. 12% July 102% Jan. 5 15" July "3 14 26 Feb. 2 1 1 16 17 Jan. 6 350 29 26 27 26 2 12 28 23 Apr. I "3 20 7% Feb. 27 3 July 85% July 2 July July Mar. 23 % Jan. 90 18 15" 18 70 30 July "16 85% July 2 1% July 27 6 14% 21 12 2 101 7%| Jan. 7% Feb. 24 23 6 3 15% July Jan. 16 June 83 12% July 28 16 June 19 2 30 15 July 20 13 25 6 July '15% 8 Jan. 10% Feb. 27 7% Feb. 10 72 July 80 25 15% Jan. 19 30 2% July 24 June 24 10% Apr. 250 Mar. 11 15% 6 - 2% Sale 31 26% Sale 23% June June 16 6 May 19 j,, , 19% July July 5 21 106% Jan. 21 111% May 52 Feb. 20% May 1 94 85 Jan. 3 Apr. Feb. 21% June 2 52 June 1 15 22% Feb. 2 102% May 98% Jan. 17 May 25 23% Mar. Sale 83 25 25 —- 34 2% Sale M 7% 14 yH 24! 23] 18% 7 3% Jan. 2% Apr, ■4 102 % July 23 % July 28 July 3 Sale 34 11% 179% Jau. 4% Jan. 340 34 17 125 June Feb. July 25% July 89% July 26% July 101% July 18% July 4 3% 20 June 155 May 18% 20 June 4 June 16 11% Apr. 125 June 17 June 20 6 108 102 19% July 28 Feb. Mar. 18 105 % July 3% July 350 323 7% 7 Sale 18% 50 350 3% 23% 5% 46% 44% 90 6 13 Mar. 24 4 105 5% June 3 May 12% June 13% Feb. 4% Apr. 111 110% July 22 % July 89 July 23 July Sale 14 101 % 19 101% 102 18 5* % July 2% July 19 July 18 2 28 21 29 105 July 25 Feb. 2 106% May 26 1 Feb. 11 113% June 114% 195 11 Jan. Feb. 70 21 Sale 20% 84 3% 12 14% "14% "21" 5% "7% 13 22% July July 6% July 3% July 13 July 15 July 203 20 Mar. 26 27 102 17 94% 15 91 28 85 4% July 5 4% July July 6 July 3 July 12% July 14% July 203 78 5% 14 9 61% July 20 103% Feb. 6 111 May Mar. 28 107 2 105% June 6 105% May May 21 92 16 97% Mar. 4 95% Apr. 98 87 June 15 9 May 25 102% 103% 105% 110% 98% 104% 106% 21 5% 70 20 3% July 25 80 400 43 4% 8% 201 246 6 7% 3% 3% Sale 5 220 5 28% Sale 14% 18 98% Sale 19% 20% 43 3% 3% 21 5 90 * Go.25 Haiku P'n'apple Ltd 7% r of 15 No par value. 94 79 12 30 1,145 50 15 25% 65.899 4.498 Golden State Co Ltd Gt West Power 6% pf A..100 7% preferred 100 "2.616 Haiku Pineapple Ltd com_20 1,544 Sale 14% Galland Merc'l Laundry Co.* • 913 General Paint Corp A_. Kiel ser Golden State Milk Prod U 7% Ye 1.320 rnmmmmm 250 4% At 5.027 510 8% 10 10,167 Foster 380 • B . 2,820 : Preferred A............._• 10.445 115 6 110% July 9 2 5j v t c____ Preferred Douglas Aircraft Co capital.* 1.399 El Dorado Oil Works capital * 14.786 Emporium-Cap well Corp.... • 7.725 Fageol Motors Co com.....10 Preferred... ....10 2.964 1.048 Fireman's Fund Ind Co cap 10 ■jdd [ ;: Common 68 6 Apr. 105% June 82% "3% "4% "3% ~"3% 50 Crocker 1st Nat Bk of S F.100 Crown /.ellerbach Corp— 880 110% July 75 12 200 171% 180 44 8,522 9 103% 47% 150 108 "49 61% July 61% July 104 * 678 Calif Water Serv Co pref.,100 * 497.055 Caterpillar Tractor Co 1,210 3 July 104% Jan. 74 "92% Sale" Feb. June 27 105% 105% 78 744 Calif-Ore Power Co 7% pf.100 28.542 6 55 88 Par 102.072 Calif Packing Corp 21 July 98% 100% 93% 94% 60 495 6 June 12 88 107 103% 6,319 . July 88 115 17 330 Sule" 84 10 4.788 Calif Copper Corp...... 100 7,825 Calif Cotton Mills Co 4,910 California Ink Co Inc A..* 600 III" 70 . ... mm mm 166"" '77 %-'69 Co of Calif 6% 1942 * 18,380 Bond Ac Share Co, Ltd • 64.918 Byron Jackson Co.. 3.150 C.alamba Sugar com (new).20 7% preferred 20 2,165 726 Calaveras Cement Co com...* Preferred ...........100 15 525 10 31 30 Apr. 15 May 8 May 12 104 July 1 104% Feb. 20 105 9 105% Jan. 16 106% Feb. Jan. 2 89 May 1 98 103% Feb. 13 105% July 31 105% 105% 113% So Pac Co Ore Lines 4%% STOCKS "'258 94% July 96 94% July 10 96% 105% July 31 105% July 105% Sale 60 July 16 63% July 63% 65 July 107"" ::::: 70 —... 30,560 Alaska Juneau G M (cap)-.lO 10 Alaska Packers Assn cap.. 100 1,006 Anglo & Lon Paris N Bk--100 500 Armour & Co A......—..25 20,474 Associated Ins Fund Inc...10 20 Associated Oil Co capital—* ...* 17,202 \tlas Imp Diesel A..... 100 685 Hank of Calif N A 7,270 101 1 105 1 , 61% 103% 108% 106% 80 ----- 67% 85% Feb. 2 102% Feb. 26 105% July 28 85 % May 8 30 28 94% Southern ,5aclflcCo4% Shares. hares. 35% July 28 July 105 105% Shell Union Oil Corp5%. 1949 5% July 9 June 23 103% Mar. 102 34 — 110 1957 Union Oil Sale 72 - 5% 105 103% 90 41.000 Highest. Sale Prices. 88 88 2,000 Lowest. Sale Prices. 106% 5% 1952 7,000 102,000 Parafflne Cos, Inc, 5%..1935 Ry Equip Ac Realty Co, Ltd, 6% 1938 76,000 6.000 San Joaquin Lt Ac Pow 6%.*52 11",000 Highest. 101% 105% "50% "55" "60% "62" 8,000 Pacific Electric Ry 5% ..1942 32.000 Pacific Gas Ac Elec 5%...1942 5% 1955 8,000 5% % 1952 39,000 6% 1941 30.500 1936 4.000 Pacific Public Serv 5s 1937 9,000 Pacific T Ac T Co 6% IT,000 _____ 105% 106% 105% 1935 7%_. 1. Sale Prices. 95 101% 105% "98" Sale" 22,000 No Amer Invest Corp 58--1947 10,000 Orph Theatre Ac Rlty 6% _1946 66.500 — 94% 100% 3.500 Los Anfl GAt E Corp 5%% 1949 1.000 L A Ry Co (of Calif) 5%—1938 1940 12,000 Market St Ry 7% 6.000 Merc Amer Realty Co 5% .1951 1945 143.000 Miller Ac Lux 6% 52.000 9,000 5,000 JAN. SINCE Lowest. 102% 103% .. 34 1942 —1947 1943 6%. 5%% 5%% 102% Ask. Ask. Bid. Bid. 80 2.000 Los Ang G & E Corp 5% .1939 " RANGE Sale Prices. July 31. July 1. Ask. Bid. 404.500 Emp Capwell Corp 5 V$%-1942 7,000 Food Mach'y Corp ser A 6%'38 Series B 6% 3.000 1938 14.000 Great Western Pow Co 5% *46 1 000 Insur Exch Bldg 6% 1931-1944 50,500 July 31 2 1931. I135 26.000 Assoc OH Co 6% 17,000 Atlas Imp Diesel Eng 6% .1935 1945 1.000 Balfour Bldg 6% 3.000 Calif Gas & Elec Corp 5% 1933 15.000 5% 1937 17.000 Calif & Haw Sua Ref 7% .1937 24.000 Calif Ore Pow Co 6% 1942 1^40 190.000 Calif-Pack Corp 5% 21.000 Coast Cos G & E Co 5% —1960 "l'.ooo Jan. 1 to PRICES IN JULY. J $ "3,660 1,264,531 10,173,032 Price EXCHANGE STOCK July v 1930. $177,500 1,265,000 $158,500 1,479,000 1 FRANCISCO SAN SALES. AGQREQATE 364,903 6,642,753 July 1931. ' Bond Sales. 1930. • 15 Jan. May May 39% Feb. 21 11 Feb. 5 3 Feb. 10 22% 15% 105% 105% 9 Mar. 26 June 22 Apr. Apr. 6 6 Mar. 6 21% Apr. 4 SAN FRANCISCO STOCK EXCHANGE AGGREGATE SALES SAN FRANCISCO EXCHANGE STOCK In July Since Jan. 1. Shares. Shares STOCKS ""186 1,077 520 1,098 ""747 Hale Broa Stores Inc Hawaiian CiSCo Ltd Hawaliau "5",041 729 100 15,619 230 ""873 8# 42 Sale 31 39% 25 H 49# Sale 30 27 53 16 40 Honolulu Plantation Co._.50 Hunt Bros Packing Co cl A.* Kolster Radio Corp, com.. Langendorf On Bale Inc A..* B 200 Market St Ry prior pref.--100 502 Merc Amer Rlty Co 6% pf.100 N a torn a s Co capital ♦ 520 No Amer Invest Corp com. 100 30 90 115 5,005 93 726 930 5#% preferred 6% preferred 100 71,581 No Amer OH Cons 10 100 1,427 Occidental Insur Co cap...10 9,002 Oliver United Filters Inc A_.» B » 12,185 747 992 Paahau Sugar Plantation_15 700 21,320 8.781 14,990 4,224 737 3,030 Pacific Finance Corp com.10 255,349 Pacific G Ac E Co com 25 45,853 5)4% preferred ...25 75,943 6% 1st pfd • 25 61,338 Pacific Ltg Corp common * 3,983 S6 pref _• 4,462 4,596 683 232,543 Class A common Non voting com 53,264 (new) 31.783 Preferred (new) w 1__ 5,548 Pacific I Ac T Co com 264 1,959 2,207 ""34 16* 5 1,242 7% preferred 65 4,693 235 5,751 368 329 3.094 A 40 2.289 7% preferred 1,038 109 Sale Sale 70 13 11% 85 3 7# Sale 13,250 10 223 490 27 Sale Sale 5 12 6 15 47 # 25 Sale 25% 20% Sale 52% Sale 101 Sale 19# Sale 200 33.363 22,549 1,175 507 34,619 86,245 4,891 7,975 1,019 288 Sou Pacific Co com (cap)..100 Sou Pac Golden Gate Co A.* B Spring Valley Co Ltd * Standard Oil Co of Calif....* Standard Oil Co of N Y-..25 • * com 2.674 preferred.. 100 34 619 Transamerica Corp capital..* 2,134.714 20 I raueauier Corp tr cil old .25 355 Traung Label At Litho CoA 83.436 128,229 Union Oil Assoc Union OH of Calif 8% * ........25 114# 115 100% 102% 37 5% 40 8# Sale "46" "So" 90 Sale 8,179 208.030 169 • West Fin Co 8% pf.. 10 Western Pipe Ac Steel of Calif com .......... .......10 Yellow Ac Checker Cab (Cons) 983 Class A series 1 ......50 No par value. 36* 3 12 11% 10 7% "7% 8% y VA c Sale 60 13# Sale' 14# 18 22% Sale 133 120% Sale 104% 3 3% 23 29 7% Sale 52 91% 45 39m Sale 103 13 1% 8% Sale Sale 11 12 June 12 52 July 29 5% July 55 Sale .... 3 21 6 36 % 4 23# Sale 1 July "4# July "28 July "79"" July 17 17 "7 20 July 7 July 14 July 24 8% July 3 July July 12 13% July 48 10 July 6 27% July 30 29 % July 56 July 23 6 105% July 23 July 23# July 10# July 18 July 128 July 133 July 38% July 25 July July July 131% July 37% July 3 ■ 21 16 July 2 3% July 8 11# July 31 12 7% July 6 July 6 7% July 6 10# July~~8 1% July 15 1# July 15 11" July *30 1% July 2 July 6 1 3 July 20 % July 6 July 1 124 July July 17 31 July 20# July 7% July 3 2 3 8 110 3 29 "52" July"! "54" July'i§ 52 91% 16 80 July 15% 12% 9% 39% 18# 5% July 28 July 29 1 July 3 July July 21 13 % July 8 11% July 9 July 35 % July 10% July 0% July 5% July 44 July 6% July 7 July 17 July 14# July 15# July 1% July 15 July 23 31 17 31 18% 16 21 15% 250"" July ' 21 0% Sale 20 265" 3 18 15 15 16 9 20 31 15 23 6 51% 7% 8% 17 2 15 July 16 2 July July 23 July 28 3 July July 23 3 July 3 July July 20 July 10 260" July" 14 2 July 21 2% July 22 22% 23 22 July 15 24% July 1 9% 15 10 July 14 10 July 14 6 6 7 17 Jan. 15% Feb. J* Jan 27 Feb. 19 17% Mar. 20 2% Feb. 20 17 Mar. 25 8% Mar. 9 Apr. 1% Mar. 11% Mar. 111% July 0% Feb. 3% Mar. 6 7 31 2 30 5% July 24 Jan. June 2 18 Feb. 27 84% May 20 2% June 25 94 8 20 Feb. Jan. 25 i\M 13 70 2 June 5 Jan. 2 June 17 20 13 28 15 Apr. 89% Mar. 6 2 Mar. 28 Mar. 3 25 July 7 July 20 June 25 78% Jan. 83% Jan. 7 2 4% Apr. 29 12% Feb. 13 68 July July 6 June 29 0 June 5 6 103% Jan. 35 15 12 V Feb. 36 15 Sale a 0% July 2 0% June 4 5 July 1 17% Apr. 7 % Apr. 28 12 Mar. 4 4 Apr. 10 40 18 18 July 76# July 24% Sale 7% 15 13 23 30 24 3 22 40 20 2 July July July July July aya July 11# July 123% 124% 120% July 110 Sale 105 July 4 Sale 35 9 4 8 Sale 15# 18 2 9 41% Jan. 39% Jan. 28% Jan. 10 "8% Sale 106 230 2% 3 May 28 May 26 78 Sale 18% Sale 2X June 65 37% Sale 18 17% 9 5% Sale Sale 25 27 22 10 4.7% Sale 23% Sale 0% 7 1 15 2 July 31% July 16 July 42 15% June 22% Mar. 25 12 June 28 6 May 10% Feb. 25 4 June Mar. Jan. 11% Apr. 38 24% 20% 48% 100% June Feb. Feb. 54% 27% 29% 08% 105% June Jan. 18% 0% 15% 110% June 2 28 Apr. 10 11# June 2 21 Apr. 29 131 % 120?! Jan. 8 133 33% June 2 50% 5 June 2 15% 3 28 Jan. 23 Mar. 10 July July 30 23 Mar. 2C Alar. 25 Feb. 26 Apr. Apr. Mar. July 13 10 Mar. 9 10 18 Feb. 13 2 June 15 9 Jan. 2 5 Jan. 5 Jan. 6 5 15 22 12 * ..25 Amer 39 12% Sale 9% 11% 9% 10X 60 31 July 15 21% Sale 21 % 8% 8% 8% 10% Sale 10% [27% Sale 125 % L32 38 50 41 Weill Ac Co (Raph) pref...100 7,275 126 11 89 507 Wells Fargo BkAtUnTrCo.lOO 1,030 Sale Sale 6,315 Union Sugar Co common..25 843 7% pre fen red ........25 55 22% Sale 9% Sale — 50 12 9 30 28 July 20% July 28# July 50% July 104 July 52 5 4 X 100 Thomas AUec Co Tidewater Assoc Oil 56 Sale ........25 . 1,790 808 460 54 130% 17 50 50 Feb. 45 103% 105% 124 Sale common Sale Sale Sale „ 120 100 17% 0% 5% 12% 4% 10% 11 47% Sale 20% Sale 29 * Sale ...100 6% prior A Schlesinger Ac Sons Inc— 22 15% Prices. 13% Feb. 27 17 45 July July 37# July 7 July 21 4 125 pr pfd..100 42 Jan. 1 16 Sale V5 J™ Sale June 20 28 Sale 18 Sale 9 5 Highest. Prices. 33 1% July July 109 July 5% July 1% July 11# July "45" 8# 118 14# 2 21 38 18 42 0% July Sale 30 8 —-- 9 1 42% July 0% July 25 19# JAN. 22 16 "79" 100 134,486 Shell Union Oil Corp com 965 5#% cum conv pref 100 2.361 Sherman Ac Clay 7% pt pf.100 336 Sierra Pac Elec Co 0% pf_.100 1.290 9,208 3.257 10.631 310.918 5.750 5.217 1,065 7% 4% 10 13% 18% 23 28 7% 8 8% 34 78% 83# Sale 9% Sale 40% July 27 July 30 % July 13 July 10 5 7r> 90 ~*ly* 9 m 7% "2% 12# SINCE Lowest. Prices. 5 ■■■ ■ Sale Inc common... • Preferred ...» Lt Ac Pow 14% Sale 1# Koos Bros S J 35 4# ..... 76.050 29 16# Sale 18% 10# 2% 1% 101 203 Ry Equip Ac Realty Co class A 1st preferred 4,684 279 Series 1 ..'-",807 Series 2..... 250 Convertible pref erred 6.860 Rainier Pulp At Pa A com • 165,609 Richfield OH Co com * 700 39 Mi 10 x 105 Sale ........ "352 13 42% 27% Sale 17% ..... IX 18 * 41,047 Paraffine Cos, Inc, The.....* 424 Phillips Petroleum Co cap'l.* 2,808 Pig'n Whistle Corp pref.. • 150 102 0% preferred * 9% 42% 25% Highest. Sale Prices. 40 5% 20 i_* w 13 42% Sale h 20 "id" Pacific Public Service Co— 11,403 1 Lowest. Ask. 17 2,343 10 7 X 89% July 31. Ask. Bid. 9% ..... MachCoconi 10 10# ..... * 1,123 Leighton Indus IncclA ser 1 * 1,020 Class B v t c * 7,681 Leslie-Calif Salt Co * 2,151 L A Gas Ac Elec Corp 6% pt 100 785 l.yonn-Magnuf A * 456.499 Magnavox Co Ltd.... i 11,259 Magnln Ac Co (I) com * 448 Preferred 6% 100 4,880 MarchantCal Bid. 40 # 40 # Home F At M Ins Co of Cal.10 Honolulu Cons OH Co.....10 2.801 28 238 325 July 1. Ask. 21> 190 Hutchinson Sugar Plant..18 731 Investors Assn (The) capital * 680 Jantzen Knitting Mills com • 551 Bid * Pineapple Ltd..20 RANGE 2 1931. Par. 2,055 2,505 8.007 1.700 30.021 1,272 2,803 PRICES IN JULYI Price Jan. 73 10 Apr. 18 Jan. 15 Jan. 5 18# Mar. 9 7% Apr. 8% Mar. 22 5 8 12# Apr. .14 5 OH Jan. 9# Jan. 27 10 Feb. 1 June 1% June 8 May 50 June SH 83 Jan. Jan. 20 Jan. 7 Jan. 7 115# Jan. 124 Mar. 30 102 110 July 31 Apr. 34# Feb. 10# Feb. 55 July 16 Jan. 2% June 20# July 4% May 12 5 2 13 2 33 June 13 41 86 May 2 55 Feb. 4 93# June 19 Mar. 76* July 16 100# Mar. 8 May 15# July 9* May 29 13# Mar. Apr. 29 10# Feb. 31 % June 2 Feb. 15X June 18 5% Feb. 20 June 3 38% June 23 July 23 0% June 13 15 Jan. 8 13# Apr. 28 14# Apr. 28 2 1# June m 5 20 28 4 17 13 Feb. 14 Apr. 28 8% Feb. 27 69# Jan. 9 i!K July 28 Feb. 18 Feb. 26 11 24# Feb. 13 26# Feb. 13 4# Mar. 26 21 Apr. 2 15 July 98 Feb. 9 98 Feb. 9 June 5 275 Jan. 10 Jan. 22 5# Msr. 16 230 2 14# Jan. 21 17 8# May 16 28# Apr. 13 10 July 14 / Angeles Stock Exch. Los YEARLY RECORD MONTHLY AND ANGELES STOCK EXCHANGE RANGE OF PRICES ON THE LOS Jaa. 1 to July 31 AGGREGATE Since Jan. 1. 2 1931. £000 8,000 Los Angeles Gas 4,000 2,000 2,000 1947 107 105 106 107 106 110 1105* 104 105 2,000 «?*• 1949 6s 1942 107 h 108)4 11,000 101?* 5s 1961 101 22,000 91 92 H La Ry Co 1st mtge 5» 1938 8,000 75 80 1st & ref 5s 1940 12,000 90 92 1935 6,000 Miller & Lux 7s 101 h 6s 1945 101 2,000 89 91 1956 2,000 Nev Cal Electric 5s 90 92 18,000 Pac El Ry 1st mtge 5a....l942 1942 102 X 103 10,000 Pacific Gas & Elec 5s 102 5s 1955 X 103 1,000 5H« 1952 104?* 105 X 13,000 98 99 4?*a 1957 5,000 6s 1941 109)4 110X 1,000 STOCKS 4,000 11,900 2,700 108,900 10 450 50 70 ~99X io5k 99 105 1055* Barnsdall Oil A...........25 10 Bolsa Chica Oil A 135 Broadway Dept Stores pf.100 533 Ex-warrant .....100 18?* 19?* 11?* 20?* 12?* Sale 70 ..... 65 8,300 Byron Jackson Co 2,650 California Bank * 25 400 California Packing Corp • 1,412 Central Investment Co...100 5?* 10 1,906 Commercial Discount 21,100 Douglas Aircraft Inc.......* * 1,000 Emsco Derrick & Equip 25 82 Farmers & Mer Nat Bank. 100 300 Food Machinery Corp * 285 Foster & Klieser..10 6,700 Gil more Oil Co 5,953 Globe Grain & Milling ""io 50 412 1,700 170 2,000 Milk * com 179 Goodyear Textile pref 1,546 2,260 1,711 800 5,000 4,125 14,400 100 pref » Los Angeles Athletic Club.10 Angeles Biltmore pf. 100 Angeles Gas & El pref.100 Angeles Invest com..10 Co.. Petro 615 Moreland -.25 "loo 2,700 450 200 200 1,000 10 900 T666 100 300 Pacific Finance Preferred 8 16 965* 90 90 July 29 92 Preferred series C 10 Preferred series D 10 10 New New preferred A New preferred C...... 80 8 26 July 10 955* July 905* July 995* July 14 14 16 965* July 925* July 995* July 21 8 16 11?* July 16 14?* July 1 21 315 3?* 4?* 3 6 6 2?* 162 171 24 h 43 25?* 28?* 70 July 1 15?* Sale 15?* July 31 16?* July 3 July July 23 8 20 July July 23 2 20 18 17 X 8 18 10 6 24?* —w.. IX 8 24?* 21 X 4?* 60 Sale 5?* 7 108 3 22?* 26?* "76" 8 6?* Sale 5?* 22M July 3 13?* July 16 85?* July 27 15 9 31 85?* July 75 July 7 July 8?* July 27 7 9 1 8 23?* July 2 15 Juljr 24?* July 2 17 23?* 1?* July 13 1?* July 13 6?* July 6 July 2?* 4?* 160 30 28?* Sale n$ if* 48?* 47 48 29 29?* 26 51?* 52?* 100?* 101 55 60 1 1?* 19 Sale 6 II* a** 4X 25 109?* 5?* 1?* IX 3?* 2?* 2 4 150 22?* July 5?* July 1 111?* July 6?* July 31 30 3 1?* July 10 2?* July 3 108 160 21 23 14 Jan. 16 July 23 19?* Feb. 25 83?* June 19 66 4 Jan. 3 151?* July 7 14?* July 21 18 26?* July 14?* July 2 18 10?* July 1 13?* July 11 8?* July 3 July 3 45?* July 28 29?* July 15 26?* July 2 51 July 15 48?* July 29?* July 26?* July 56?* July 51?* July 29 52?* July 1 21?* July 9 X July 17?* July 30 22?* July 95* July 18 M July 10 9 6 151 July 25 12 12? 10 11 8 9 2 2 July 21?* June 9 7 18?* Feb. X Mar. 19 6 1 June 15 4?* Apr. Apr. 102?* Jan. 5 Apr. 54?* "55?* 8?* 10 45?* Sale 29?* 29?* 26?* 27?* 51 Sale 104 52?* Sale 51 51?* 1 "22H 8?* 17?* 22?* 9?* 18 "9 16?* 17?* 9 9 6 June 8 Mar. 9 2 11 2 6 21H Mar. 16 55 Mar,' 9 13 Jan. 5 22?* Jan. 2 75 Jan. 21 80 Apr. 6 7?* Feb. 24 94?* Feb. 20 36?* Apr. 13 94 Jan. 15 90 Mar. 3 23?* Mar. 25 Mar. Mar. Jan. Apr. Mar. Mar. Apr. Jan. Mar. 89 June 80 Feb. 7 July 8?* June 20 23?* 6?* 192?* 30?* 5?* 18?* 20?* 20?* Feb. Feb Mar. 13 3 1 Feb. 19 3 165 25 19 July Feb. Apr. 22 29 14?* July 18 25 13?* 10?* Apr. 21 9?* Jan. 15 8?* Jan. 22 9?* Jan. 28 13?* 10?* June 24 2 11?* 11?* June 9 8?* 8?* June 10 May 26 10 2 54?* 39?* June 2 29?* 27 Feb. 25?* Mar. 19 26?* 51 July 15 67?* 25 23 19 10 3 19 3 4?* Apr. 21 Apr. 1 Jan. 18?* Jan. 8?* Apr. 15?* June 3 18 21 23 Jan. 2 Jan. 13 18?* Feb. 7 X Mar. 19 3 Jan. 13 6?* Jan. 14 75 Jan. 3 111?* July 30 10?* Jan. 27 4 60 15 19 33 6 151 19 26 6 16 4 2 6 20 6 1?* July 2 May 20 2 3?* Apr. 25 25?* July 7 May 14 6?* June 2 38 27?* 25 5 26 55 50 Sale Sale 2 Feb. 12?* Jan. 3 May 370?* May 24?* Jan. 4?* Apr. 17 73 k July 7 July 8?t ¥ 10?* 10 10 10 15 16 IX 25 25 Sale 10?* 11?* 8?* Sale 9 9?* 18 3 23 13 1?4 151 75 4 4 1?* 3?* 11?* July 16 Mar. 19 7X June 22 5?* June 2 70 Jan. 7 69?* Jan. 7 3?* May 27 72 X July 30 25?* Apr. 30 62 July 24 70 June 18 14?* Jan. 5 July July 17 75 7 6 104 5* Mar. 26 5 15?* a* Mar. 3 400 12?* 12?* 85?* "§5" 8 75 6 4 1045* Mar. 6 1045* Mar. June 3?* 17.** ll?* 7 Sale Sale 20 7 325 15 19 18 16 420 17?* • 3 July 68?* July 3 1: 10?* July 75?* July O 3 965* June 15 Mar. Mar. 1055* 945* Mar. 23 15 17 20?* 19?* Jan. 28 66 4 4 1025* Feb. Feb. Feb. 20 55 24 25 75 77?* 62 Sale 6 Mar. 13 May 27 Apr. 22 4 995* July 16 985* June 105 May 26 1055* May 15 30 Sale 72 15?* Sale 99 Mar. Apr. 80 July July 22?* 4 Mar. 13 Apr. 10 10 1055* July 30 1005* Feb. 20 1025* June 22 1035* Mar. 11 1035* Mar. 10 Feb. 18 105 5* Feb. 10 62 70 26?* 6 Mar. Feb. 26 July 29 104 30 1055* July 30 72?* July 77 3?* 925* 945* 103 X 1045* 1065* Apr. 10 Apr. 22 29 75 25 8?* Sale 9 Sale 73 80 103 Sale 9?* Sale 47?* Feb. 1025* 965* 1045* 1045* 1045* 8 18 75 85?* 62?* 6 14 925* 905* 1035* 1045* 7 July 31 29 July July 8?* 70 75 3 72 4 102 7?* 7 8?* 9 8?* Sale 75 72 75 16 23?* 12?* Sale 72 16 Feb. 4 102 1135* June 17 1135* June 17 995* 100 1045* 1055* 14?* Sale 20 4 20 6 16 8 Feb. 20 80 4 Feb. 1045* 955* 985* 99 103M 104 27 13?* 8 410 3 24 15,400 Pacific Gas & Elec com..25 1st Preferred ........25 8,346 1,232 5?*% preferred.........25 5,500 Pacific Lighting com.......* 112 6% preferred 19,900 Pacific Mutual Life Insur.10 2,100 Pacific National Co.......25 18,700 Pacific Public Service A.—.* New.. 3,400 Preferred........ ...* 1,400 T * series New preferred D 905* July 10 935* Apr. 16 925* Mar. 13 1025* Jan. 106 99 305* 14 com......10 A......10 900 Pacific Clay Products. 6,400 800 10 .100 822 Mortgage Guar Co 15 Nat'l Bank of Commerce..25 Pacific Amer Fire Insur..l0 52,900 25,000 18,000 11,200 11,800 T.700 Moter pref... 4,650 100 88 75 93 __* Preferred Los 905* July 905* 1055* 1045* 104 .. 16 1105* Apr. 6 105 July June 71 32 81 Sale _* Lincoln Mortgage com Los 75 Sale E* :a- 32 17,000 MacMillan 160 6 385 23?* 25 Service 8% 600 Monolith Port Cent com....* Pref 218 "466 12?* International Re Ins Corp 10 295 Los 897 16 21 Home 905* 5 1065* May 12 Feb. 27 27 106 Jan. 975* 97 97 965* 1055* 1055* 1055* 1055* 1055* 1055* 1055* 1055* 1055* 1055* 1055* 1055* 105 1055* 1055* July 1045* 103 1025* 103" 102 Prod..25 100 Jantzen Knit Mills 170 25 1,197 Goodyear Tire & Rub pf.100 1,180 Hal Roach 8% pref 25 22,100 Hancock Oil common A..25 2,277 20,300 88X '91?* "97k 600 State 75 103K Mar. 16 1015* 1015* 1145* 1135* 114 80 80 400 Golden 78 July 16 105 Par. 6,700 Citizen's National Bank._20 43,200 Claude Neon of Del........* 800 400 70 48 104 92 X 92 X 100 X 1,000 1,800 1,100 895* 52 Feb. 109 July 4 4 106 Feb. 106 5 5 1025* June Feb. 1025* June 101 104 104 92 91 Sale Prices. 105 70 31 1025* 103?* 1025* 103 X 1025* 1035* 103 Highest. Sale Prices. 1045* 1055* 1055* 1055* 94 93 Lowest. Sale Prices. 105M 1045* 105 1055* 1065* 1063* 101?* 102 Assoc Gas & Electric A * 20 Barker Bros preferred....100 3,000 1. Highest. 1065* Feb. Feb. 106 89 89 104 X 105 60 55 .1944 41,000 Richfield Oil 6s 2,000 Sierra & San Fran 1st 5s. 1949 2nd 5s 1949 14,000 1951 26,000 Sou Calif Edison 5s 5s 1952 16,000 5s 1954 7,000 General 5s... 1939 6,000 1957 53,000 So Calif Gas 5s 5?*a ...1952 6,500 6s 1950 20,000 1968 86,000 So Counties Gas 4?*s 1945 34,000 Union Oil of Calif 5s 5s 1935 22,000 6s 1942 29,000 Shares. Sharesr JAN. SINCE Sale Prices. 102X 1025* 1025* 106 . 1,000 Ask. Bid. Bid. 102?* ..1935 8c El 5?*a *43 5?*l RANGE JULY. Lowest. July 31. July 1. As*. S Associated Oil 6s 2,395,600 508,600 31 Price BONDS 25,000 1,000 7,000 1,000 Jan. 1 to July Jan. In July $237,000 $23,000 PRICES IN LOS ANGELES STOCK EXCHANGE SALES. 1930, 1931. Bond Sales. July 531,036 6,065,075 261,427 3,664,803 ..Shares July 1930. 1931. Stock Sales. 18 Feb. 19 June 22 Jan. 13 Feb. July 11 Apr. 2 Apr. 1 Apr. 1 July 11 June June 2 9 May 26 Mar. 10 July July 9 2 Mar. 20 58?* Jan. 8 2 Apr. 1 27?* Feb. 26 10?* Apr. 13 18?* Apr. 24 LOS AGGREGATE SALES. > Since July Jan. 1„ $ ■ 190 BONDS common 49,000 Pacific Wextern 2,000 Petrol!te Corp. 15,900 Pickwick Corp "2", 000 3,700 Oil 144 10 509 Republic Supply Co 314,000 Richfield Oil common Preferred 110,500 169,600 Rio Grande Oil 400 5,900 273 137 2,458 San Joaquin L&P 7% pr * * 25 * pflOO 506 6% prior preferred.... 100 60 Seaboard Dairy Credit pf.100 Ex warrants... 10 100 344 Seaboard National Bank..25 340 Seaboard Nat'l Secur Corp 25 45 20 9,000 1,300 >. 54,300 Sec First Nat'l Bank L A..25 11,700 Shell Union Oil com........* 9.200 Signal OH Ac Gas Co A 25 B 25 1,100 141,600 Sou Calif Edison Co com..25 1,452 Original preferred..--..25 22,000 7% preferred 25 52,800 6% preferred 25 45,700 5J4% preferred.........25 1.217 Sou Calif Gas 6% pref 25 300 20,506 3,500 6,300 7,700 672 0% preferred A 25 948 Sou Counties Gas 6% pref 100 * 266,500 Standard Oil of Calif 1,212 Superior Oil com..... .25 33,400 700 4,800 Taylor Milling Corp * 532 Title Ina 5c Trust Co.. ..25 80,900 937,600 Transamerica Corp....... 25 Q8 569 Union Bank & Trust Co..l00 156,500 Union Oil Associates......25 13,000 23,300 25 187,300 Union Oil of Calif 1,300 Van De Kamp Hoi Bakery..25 200 100 Victor Oil J Ask. July 1. Ask. Bid. Bid. 128 125 "7"*: Sale" July 31. 534 127 634 JAN. 1.25 1.45 1.251.4234 19 27 5 34 Sale 7 6 54 Sale 115 103 3734 Sale 3754 40 Sale 81 834 Sale 1554 1654 4634 Sale 55 60 2934 Sale 2634 Sale 2454 Sale 24 \ "26" 9754 101 4734 Sale 34 134 54 134 2154 134 Sale i54 234 454 Sale 11934 121 10434 106 Ask. 128 534 Sale Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. 126 July 534 July 56 5634 4734 4934 7154 Sale 6 634 ::<8 934 4454 Sale 5134 60 2934 Sale 2634 Sale 2634 2554 10034 Sale 3754 Sale 52 - 20 80 95 67 75 > 934 34 July 134 July 10 July 134 July 154 July 334 July 12054 July 10454 July 28 2 18 22 10 28 July 10 July 134 July 134 July 434 July 7 124 9 110 4534 July 10 4734 July 10 71 July 29 634 July 28 8 34 July 8 134 July 20 8 4134 July 31 18 1 10 3 July 17 July 30 4554 July 22 4734 July 10 77 July 6 7 July 7 8 July 8 4534 July 6 60 1 1 3054 July 23 27 Sale 2651 July 1 27 10234 104 3634 Sale 20 10034 July 3554 July 29 July 23 July 23 2634 2634 1 10234 July 22 15 39 July 3 17 "x 22 10 16 13 18 21 19 11 16 2434 2534 . Sale ::::: "*54 8 16 8 1434 2434 2234 17 July 27 18 July 75 Sale 1454 Sale 1534 Sale 20 126 July 534 June 7 12634 July 7 1534 Feb. 20 2 June 24 34 June 23 134 May 14 10 July 18 1 May 8 134 June 2 3 115 June Jan. 10134 Jan. 50 Apr. 40 May 3734 Jan. 39 Apr. 71 July .5 Apr. 2 18 234 Mar. 20 6 124 Apr. 27 Apr. 23 3654 June 3 325 July 1454 July 1534 July 934 July 15 834 July 7 325 July 17 31 July. 30 1834 July 10 954 July 16 17 3 654 7 325 3 1354 3 1434 9 934 34 834 20 Mar. 30 July Apr. May July July Feb. 30 11 27 24 10 8 Jan. 21 1754 Feb. 17 16 Jan. 22 5434 Feb. 26 60 June 2 29 June 15 3054 2634 Jan. 2 29 2454 Jan. 2 2734 2554 Jan. 3 2634 2534 Jan. 13 27 54 9934 Jan. 5 10234 3134 June 2 51 15 June 2 23 65 634 July Jan. 7 5 2 634 Jan. 5 934 Jan. 27 1034 Feb. 21 6 110 50 11 27 40 2 4554 29 4734 29 9534 10 30 5 10 Feb. 1.35 Jan. 50 2934 July 2754 July 1634 1654 Sale 1834 Sale 134 6 3034 3054 2854 Sale 67 7 325 834 Sale 30 7 —— 325 Sale Sale 8 46 4134 Sale Sale 28 18 2334 108 4434 1734 2234 12 134 Sale 134 134 334 4 12334 124 7534 Sale 734 754 20 325 34 134 46 16 1334 Sale 34 134 7 12634 July 29 6 July 11 45 1934 10 3.578 Weber Showcase & Fix pfd._* 3,500 Western Air Express...... 10 8,400 Western Pipe Ac Steel Corp.lt Sale 114 101 1. Lowest. 6 * 19,100 Republic Pete Co.........10 2,000 Bid. ' 100 Corp..* com SINCE 2 1931. Par 190 Pac Tel & Tel 700 RANGE Price Jan. $ 75 EXCHANGE PRICES IN JULY. LOS ANGELES STOCK EXCHANGE In STOCK ANGELES Feb. 19 May 9 July 23 May 14 Apr. 21 Mar. 25 Mar. 17 Feb. 24 Mar. 8 June 3 June 13 2434 Feb. 11 90 Feb. 25 June 13 18 Feb. Jan. Jan. 16 325 13 Apr. 28 Apr. 27 May 18 June 26 June 1 May 20 16 Jan. 15 26 16 2434 Feb. 13 26 15 Feb. 13 Mar. 25 34 June 26 20 Jan. 19 2134 Apr. 13 28 Apr. 13 RIGHTS— 73,500 Pacific Gas 5c Electric....... 99,600 Pacific Mutual.. ......... 381,100 Sou Calif Edison ......... 1.80 Jan. 1.25 Feb. 19 6 154 Jan. 15 254 Mar. 9 1.45 Jan. 31 2"i« Mar. 10 July Shares - aggregate In Since Jan. 1. Jan. STOCKS 465 130 445 ""65 5,955 12,036 20,694 655 14 1 Preferred 100 1.370 12,780 July 9 30 July 9 13)4 July 8 13)4 July 8 23 • 2)4 Sale 4 July 5)4 July 19k July 8 6 4 )4 4 Sale 6 6)4 6 9 Sale 20 July 6)4 July 21)4 July 30 9H * 10)4 100 730 Columbia Gas & Electric 20 Sale 1 Sale 13 Sale 17)4 Sale 2 * 112 Consolidated Gas pref 50 65 Consolidated Ice preferred.50 33 M Sale 35 Sale 12)4 July 12)4 1 1 13)4 July 1 1 30 46)4 Feo. 20 June 1 Feb. 27 1)4 Jan.v 6 15 Mar. 19 1 330 16 June 3 Jan. 26 10 Jan. 7 65 May 12 July 9 7254 Mar. 17 8 Mar. 19 Jan. 12 6)4 Jan. 21 Mar. 16 75 4 3)4 June May 18 May 8 7 30 ii* 600 Sale Sale Sale 6 Devonian Oil... .10 67 Diamond National Bank..100 7 10 Jan. 20 Jan. 8 20 Jan. 100 Apr. 4k July 4)4 May May 1 July 5 13 19)4 - 1 Duquesne National Bank.100 515 Electric Products 10 k May 19 Jan. 17 ..50 6 First National Bank (Pgh)ioo 185 Follansbee Bros pref 100 1 Fourteenth Street Bank 50 * 36.971 tiachmeisier-Lind Co Preferred * 1,719 71 68 175 75 May May 185 mmmm w 120 288 • com.. 985 Horns (Joseph) Co 5,652 Independent Brewing Preferred.. 1,865 32 2 4)4 50 773 (ones Si Laughlin St'! pf..l00 25 Keystone National Bank.100 685 2,942 Koppers Gas & Cokepref.100 2,740 Liberty Dairy Prod * 225,322 Lone Star Gas 400 McCrady Rodgers pref.. 50 14,298 110 mm mm m mm m. m 1,115 2,795 100 1,746 Penn Federal Corp com 1,137 Peoples Sav St Trust 100 Petroleum Exploration mm mmmmmmm, mm m km 1.000 m km — «. 125 170 2,015 mmmmmm'm m — km — mm 'mm 1,285 280 mm m mm mm mm 598 mm mm mm mm mm mm ------ Preferred... 99 H 1 2414 Mttsburgh 26 Pitts Screw & Bolt * Corp.... * 200 Pittsburg Steel Fdy. 24,213 Plymouth OH 5 1,630 Reymers Brothers Inc......* ....* 660 Wuud Manufacturing 10 1,000 1,375 12,700 San Toy Mining............1 29,355 Shamrock Oil & Gas * 320 5,353 Standard Steel Spring.. * 10 Union Storage Co ......25 6,884 United Engine 5c Fdy ..»• 140 United States Glass Co 25 100 Vanadium Alloy Steel......* ""591 845 895,Waverly OH Works cl A._._* 310 2,510 Westtnghouse Air Brake..-, 250 Westghouse El & Mfg 50 200 Wiser Oil Co ..25 150 3 96)4 Sale 17)4 Sale Sale 95)4 July '16"" Sale' 1 2 2 2 117 20 85 26 27 23 Sale 1)4 1)4 1)4 24 lk 97)4 July 21 7 18)4 July July 7 6 28)4 July 11 47 '25)4 July 17 July 3 1)4 July 17 137)4 15c 5k 4 8 10 8)4 Sale 27 10c July 27 July 20 July 11 July 2 5)4 July 9 July 8 July 1 10c July ""25c 7)4 Sale - - - - 3)4 5)4 5 8 ■ 7 Sale 17 28 34)4 Sale 353 14 Sale 10) 17 Sale 10 100 8,483 5,250 1,725 Leonard Oil Sale 33 9 34 Sale 28 31 35)4 July 10 July July 15 11)4 July July July 29 20 2 3c July 5 July 25 July 16 33 k July 7 13 15 July 26)4 July 17 27 3c July lc Sale 40 22 40 z40 23 32 32 40 July 291 22 11 5k 25)4 7 3254 Sale Sale 5 25 July July 7 Sale 10 July .6 10 July 6 1,000 v t c _. * * 75c Sale 101 11)4 Sale 1944 11.000 shamrock Oil A Gat. 6s 1,000 • No par value, x Penn Traction Eix-dlvidend, Mar.: June 10c 1)4 SVa Sale Sale 65c Sale 65c July 100)4 Sale 100 k July ~~6k Sale" tn !<**• J06O 31)4 112)4 80 78 79)4 6)4 2)4 June 7* June 12 13)4 3)4 1)4 June May 75c July 31 July 28 101 1)4 July 6)4 July 1 29 1)4 July 9)4 July 31)4 July 21 31)4 July 79)4 July 7 81 July 28 80 80 July July 42)4 Feb. 27 15)4 Feb. 24 June June 18 Jan. Feb. 1 24 June Jan. lc Feb. ! 3 July ; 31 Mar. 40 32 July 38 2 Jan. May May Apr. ; May 10 1 50c 20 100 1 1 6 6 29 Mar. 5 Mar. 10 Feb. 26 35 June ! June 6 29 2)4 Mar. 26 Apr. 17 7)4 Feb. 16 35 Mar. 2 90 Jan. 2 10 May 6 22 Mar. 12 93 Jan. 2 : June 63 5 12)4 Feb. 27 June 40 20 Mar. 1)4 Jan. July 3c 20 2 Jan. 19)4 Feb. 21 17)4 Jan. 23 May ! 1 35 4,000 Independent Brewing 6s 1949 2,000 Monon R C C & C 6s. 50.000 Pittsburgh Brswing 6s..1949 Wect 10c 10c 15 Apr. 20c Jan. 145 165 BONDS 17",000 35 Apr. 90 "93" * $2,000 Clark (D L) Candy 6s $2,000 May : 9 10 13 21 15 10 June 26 June 24 Jan. 12 Apr. 14 Mar. 6 Feb. 10 Jan. Jan. Mar. 15 30 30 30 90 3 4k 22 2 <1* 90 15 20 ik Sale June Feb. July 9)4 July 34 9 15 1 Development..25 ....100 Lone Star Gas pref 3,745 Mayflower Drug Co 97,915 West Public Service 25 18)4 June I 22)4 June 28)4 1 9)4 14 *17)4 6)4 2 16)4 UNLISTED 240 14)4 May July 2)4 June 45 1 17 164 Fidelity Title 5i Trust Co 4,800 Mar. 1 415 -oiler (William) Co__..._...* Preferred ...100 530 1,620'Copperweld Steel. Jan. 95)4 July 1 26)4 July 1)4 July May. June 300 July 24 Mar.; June 29 15)4 July 45 Mar. 3)4 July 5 July 119)4 July 2)4 July 3 July 118)4 July 95 26 x5k * ..20 25 400 Salt Creek Consol Oil... 4)4 Jan. 65 24 k Juno 25 May 2 110 28)4 July July 18 545 Pittsburgh Invest Security.* 889 Pittsburgh Oil & Gas 5 25 27.255 Pitts Plate Glass 23,000 Sale * ...50 Forglngs 2)4 47 7,000 t'h'H mi till............. 25c Preferred 1 1.860 2.292 Pittsburg Brewing ...50 Preferred 50 1.045 42,534 3)4 10 110 300 ..... 605 V* Sale o 119 840 McKlnney Mfg.............* vtesta Machine.. 5 42,785 2.985 Nat Fireprooflng Corp. m. * 50 54 mmmrnm mm mm 110 1 19)4 July 29 July July 25 * Preferred..............100 35 July 18 70 72 ......... 23,017 Harb-Walker Refrac 50 20 Sale 18 Sale 9 20)4 May 25 73 May 27 44 Feb. 16 10 May 14 32 Jan. 13 3)4 July 2 5 June 30 22)4 Apr. 7 00 Jan. 8 02)4 Mar. 21 lk Mar. 17 29 Feb. 26 48 Apr. 1 5 Feb. 14 37 Apr. 6 27 Jan. 20 33 Jan. 6 . 19)4 19 8 6 19 27 10 28 10 May Jan. 375 Jan. May Mar. May Jan. Feb. Apr. 19 10)4 Mar. 110 6 Fifth Avenue Bank... 9 4 !18 15 May 318 15 - ...... —— 8 Apr. Mar. 13)4 Mar. 150 400 11 100 Duff Norton Mfg mm'mm — — 7 Jan. —... 594 Donahoes Inc cl A. mm mm 9 $ 10 -randall McK & Henderson.* 6.935 "6",228 Jan. li Jan. 7 8 Jan. 6 24 120 2 29)4 Feb. 24 16)4 June 3)4 .Tan. 3 May 19 30 Feb. il Feb. 11 30 13 k July 11 Jan. 6 10 Mar. 14 Mar. 14 295 295 35 Jan. 2 June 5 26 35 Jan. 2 25 Apr. 15 Feb. 24 20 May 21 25 Jan. 6 5 May 20 15 §2"" July""! '32" ""July "I *32" Sale' Highest. 10)4 June 1 13 2 July July 20 17)4 July 31 1 July 1 3u 50 Clark (D L) Candy 15 Colonial Trust Co.... 1. Sale Prices. Prices. 29)4 June 17 9 July 3)4 July 130 10 12 Citizens Traction 710 Sale Sale 21 50 Pitts (N A) 30,275 Blaw-Knox Co 12,200 Carnegie Metals Co.. 325 Sale ..25 Preferred.. 1,929 1,285 ""loo 6)4 * * 15 Auto Finance Co 4)4 5 M * ....10 Armstrong Cork Co of 13 3)4 Gas Corp" Preferred.. 81 Bank Prices. lk 50 .... Arkansas Nat 200 Sale Sale 330 100 Amer Vitrified Prod 60 818 JAN. SINCE Lowest Highest. Prices. * Growers Preferred 156 . * „..* Sale 30 x2S * 100 American Austin Car Amer Fruit Ask. Bid. Ask Bid. Lowest. July 31. July 1. Ask. Bid. Par 10 Allegheny Trust Co 7,750 Aluminum Goods Mfg 4,875 2. 1931. 2,233 Allegheny Steel """loo RANGE PRICES IN JULY. Shares. Shares. 115 64,000 31-— Price STOCK EXCHANGE July Jan. 1 to July PITTSBURGH sales. $9,000 257,000 $20,000 July 156,071 2,547,518 54,252 808,466 Jan. 1 to July 31 1930. 1931. Bond Sales. 1930. 1931. Stock Sales. EXCHANGE PITTSBURGH STOCK RANGE OF PRICES ON Feb. 17 Feb. 17 40 Jan. 17 May 23 160 1 H Apr. 7 June 3 108 Mar. 25 Apr. 27 2 June 3 Jan. 5 June 4 14)4 Feb. 20 98 June 3 June 3 98 June 24 3154 July 30 31 11154 June 11 11254 Mar. 31 79)4 June 2 82)4 Mar. 31 22 Jan. 5 80 July 28 95 28 92k Feb. 10 92k Feb. 10 30 In the earlier part of this publication the country, for the latest month complete records of the dealings on the leading stock exchanges of year to date, are furnished. In this department of and for the calendar General Quotations we combine In one comprehensive whole, securities of all classes and descriptions, not only those dealt in on the exchanges but also leading unlisted and inactive securities. The following is an index to the different classes of securities Steam Railroad Bond*.. Steam Railroad Stocks quoted* ...... Joint Stock Land Bank Bond* Joint Stock Land Bank Stock*.. Public 81 Public Utility Stocks 99 Industrial & Miscellaneous Bonds.. ...100 Real Estate Bonds. 103 Investment Trust Stocks and Bonds......82 Quotations from all Stock Exchanges Utility Bonds .... Insurance 88 Real Estate Trust and Land Stocks—-—.95 ....91 United States and Municipal Bonds Exchange Seats 93 Canadian Municipal Textile Manufacturing Stocks... 94 Foreign Government Bonds Mining Stocks 94 are as near as this rule. price, he must pay accrued interest in addition to the price. same ' Quotations for guaranteed stocks are per All others share. no are are per It should be borne in mind in the cases Stock designating is prefixed As the New York method and no longer employ a «The reader will understand, therefore, that unless the letter This, however, does not apply to income bonds 100 —...102 ..101 bonds in default, in which cases or 'v"'. prefixed to bond prices denotes that the quotation is a flat price—that is, that the accrued interest forms part of the price, and default, the price is always "flat." and Id) Bonds possible for the closing dag of the month preceding the date of issue. therefore the purchaser does not have to provide for it separately in making payment. thus Deposit Stocks..96 Title Guarantee and Safe 95 price includes the interest, should there be any. The letter Scrip Industrial & Miscellaneous Stocks. mark to indicate the fact except where there is a deviation from the Stocks and .94-120 83 Exchange began with Jan. 2 1909 to quote all bond prices "and interest," we have adopted the to the Page P«g« 77 -99 Federal Land Bank Bonds.. , Page ; As already stated in the case of income bonds and bonds in designating mark is employed to indicate the fact. Stock prices marked "and dividend"; that is, the accrued dividend must be paid in addition to the price. cent except bank stock prices, which are quoted per share unless otherwise stated. use of these tables that the quotations for many inactive and unlisted securities are merely nominal, but in all the figures are obtained from sources which are considered reliable. The following abbreviations are often used, viz.; "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for conv" for convertible, "s f" for sinking fund. "1 g" for land grant, "op" for optional. consolidated , The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE.—All bond prices are "and interest" except Bonds. Bid. RAILROAD BONDS Adirondack 1st 4%s 1942 guM&S Alt. where marked "f" and income and defaulted bonds. I Bonds. 101 102% 94 Eq 6s 1932-1935 (yr)—J&J 15 Eq 41932-'41 E (yr).F&A Gen & ref 6s 1945 ser A.-A&O Gen & ref 534s 1945 ser B A&O Alabama Great Southern— 75 70 Atlantic Coast Line of S O— Gen 1st g 4s July 1948 J&J Atl & Danville 1st 4s 1948—-J&J 1st cons g 5s 1943 ser A—J&D 1st cons Is 1943 ser B J&D Alabama N Orl T & P June— "A" deb 5s g '40 red '10-M&N "B" deb g 5s *40 red '10-M&N "O" deb g 5s Nov 1 1940-A&O Alabama Tennessee & Northern— Prior lien 6s 1948 J&J Gen income 6s Oct 1948 Alabama & Vicksburg Ry— 105 80 75 106% 94% — 2d g 4s 1948 J&J Atl & Yad 1st gu g 4s 1949—A&O Aug Term 1st 103 103 102 35 15 Oonv g 4%s 1960 F&A Ref & gen 5s 1995 series A-J&D Ref & gen 6s 1995 series O-J&D Ref & gen 5s 2000 ser D—M&S 91% A&O West 4s guar — - F&A ....J&D 72 4.75 Eqtr 6s 1931-35 (s-a)..J&J15 A&O 101 100% 96 96% 96 115 100% 99 J&J 9751 Atlanta & Charlotte Air Line— 1st M 4%s 1944 ser A J&J 1st M 5s 1944 ser B J&J Atl Knox & Nor 1st 5s 1946.-J&D Oonsol gold 4s 2002 M&S( Atlanta & St Andrews Bay— 1st 6s. 1938 ...A&O Atlanta Terminal 6s 1939 ...F&A Atlantic City gu 4s 1951 J&J( M 5%s 1929 extd as 5% May 1954— .M&N Atlantic Coast Line Co of Conn— Certs Indebt 5s irredeem.J&D 98 103 % 99 104 10251 45 106 8551 to 102% Atlantic Coast Line RR— cons 4s July 1 1952-M&S Eq 6%s Feb 1936 (year) F&A 6 Basis 97% op.M&N Oonv deb 4s 1939 op 1916M&N Gen unlf ser A 4 Us 1964. J&D 90 100 % 4.10 5 Belt RR & Stk Yds (Ind'p'lis)— 1st ref gold 4s 1939 M&N Belt Ry of Ohatt 5s 1945 —J&J Belvidere Del 1st 3%s 1943--J&J 98% 90 94 101 3.70% 3.70% 4Hs July 1937 —J&J 4 %s impt 1978 F&A 4s May 1 1933 gu N Y O.M&N 4a May 1 1934 gu N Y O.M&N 4a May 1 1935 gu N Y O.M&N 95 98 48 H 39 65 40 82 108H 102% 104% 80 1 London, n 3H" Jan 1 1951 —; J&J Ref 3 Ha 1952 gu N Y O-.A&O Ha Feb '33-J&J Boston & Maine (new) 5s Sept '41 4s-5s April 1947 5s Apr 1944- Ask. 9SH 106 100 106 % 100 89 100] 100 4.10 4.10 4.15 5s May 1943— 6s Mar 1942 1st 98 4.10 5s June 1945 5s Jan 1946 — 1943 5s May 1940 101* 106J, 98 H 4.10 103 103 103 103 103 103 103 103 103 100 100 % 95 % 5s Jan — 107 3.70% 3.70% 3.70% 3.70% 3.75% m 1st m 1st m 5s 1967 1955 58 ser ser AO—-M&S 2 M&N A&O 4%s 1961 ser JJ 5s Mar. 1 1932 Series 4.10% 96H Eq 4 H» 1932-1943 (yr)-A&0 Boat & Maine (old) 4%s J&J 4a Feb 1 1937 F&A 4a Aug 1942— F&A 3a July 1950 -J&J 6a Jan 1 1933 J&J Equip 5Ha 1931-1937(yr)F&A Eq tr 6« 1932-38 (year)--.J&D 93 - 103" \l Wor Nashua & Roch 4-5a 1945 4a Oct 1 1934 A&O 103 84" Bos & N Y A L 1st 4s K 1955-F&A 97% 98% 102% 103 H 85 103% 92 101% 101H 101H 101H 101H 85% 105 93 104 103 H 104 104 103 H 62 96" 93" 100 .... Boston Rev Beach & 93 90 95 92 89% 73" 76 107 H 104% Buffalo Creek 1st 5s 1941 1st ref 5s 1961 — J&J J&J Bluff Point Land & Impt—See In Buffalo Rochester & Pittsburgh— M&S Cong 4 1957 M&N Eq 6s ser K 3932 (*-»"> -F&A Eq 6s ser K 1933 (s-a) F&A Buff & Susquehanna R R Corp— 1st 4s Dec 30 1963,J&J Gen M g 4s 1955.. -F&A Cambria & Ind 1st 4%s *68_.J&J Eq tr 5 H» 1932-88 (year) M&N Canada A*J 1st 4s 1955 J&J Canada South 5s 1962 ser A.A&O Can Nat Rys 4%s 1954-M&S 15 4%s 195/—- 4%s 1968 J&.T — 4%s guar 1956 4%s guar 1955 40-yr 5s guar 1970 Canadian Northern— S F deb 7s 1940 9 .J&D F&A J&D 15 F&A J&D Fdeb6%s 1946 J&J 10-yr g 4%s Feb 15 1935.F&A Winnipeg Term 4« 1939 ...J&J 100 s 100 Sale price 97 H 102 98 98 101 98 H & Ml scell. 104 % 77% 78% 101 102 H 89 H 91 102 H 89 92 Rapids & North— Con 1st & coll tr 5s g *34.-A&O Butte Anaconda & Pac 5s'44 F&A Cam & Clear—1st. 5s g 1941.J&J 1969 J&J 1969 A&O Eq tr 4H« 1932-1942 (gu) M&N Eq tr 4Hs 1932-45 (ann)—J&D 100 97 100 100 96H General 5s g 1937 5s guar 5s guar 103 Nominal, Lynn— 1st m 4Ha July 15 1947-J&J15 Gen m 6s 1933 J&J 15 Brook & Mon 2d 5a 1938 J&D Brun & West 1st 4s 1938 J&J Burl Cedar 87% 3.75% A Last sale. Bid. Boston & Lowell 4 .... f This price Includes accrued interest. 4% 4.05 98 Big Sandy Ry 1st g 4s 1944. J&D 96 Blrm Term 1st g 4s 1957 gu.M&S 91 89 Bluff Point Land & Imp—See In d & Mi sceli. Bolivia Ry 1st 5s 1927.. J&J / Boonville RR Bridge 4s '41-M&N Boonville St L & Sou 5s '51 -F&A Boston & Albany 5« Oct '63—J&J 5s June 1942 J&D 5s July 1 1938 J&J 1st 1st Bangor & Aroostook— I 1st M 5s g Jan 1 1943 J&J Cons refund g 4s 1951 J&J Medford Ext 5s 1937 M&N Piscat Div g 5s Jan 1943--A&O St Johns Riv Ext gu 5s '39-F&A Van Bur Ext 5s g Jan '43. A&O Washburn Ext 1st 5s '39--F&A Bat Creek & S 1st mi g 3a '89 J&D Bay C & B O 1st M g 3s 1989-J&D Bedford Belt 1st 5a 1938 J&J Beech Or 1st 4s g gu 1936 J&J 2d guar gold 5s 1936 J&J Beech Ork Ext 3%s 1951—A&O Belllngbam Bay & British Ool— lat g 5s Dec 1 1932——J&D ■ J&J - Ool tr g 4s Oct 11952 Div 1st 5s 1950 J&J Toledo & Oln Div 4s 1959—J&J 101 99 Oonv deb 4Hp 1948 J&D Trans S L 1st g 4s 1958--J&J Oal-Aris 1st & it 4%s '62 op M&S Series B Rocky Mt Div 4s 1965 4.20% S W Adjustment 4s July 1 1955 Nov Stamped M&N Oonv g 4s of 09 due 55 op J&D Oonv g 4s of 1905 due '55-J&D Oonv g 4s of 1960 J&D Athens Terminal Ry— 1st g 5s 1937 tr 4%s 1932-40 (yr)—M&Ni tr 4Ha '32-'41 O (yr)—F&A tr 5a 1932-37 (yr) F&A tr 5s 1932-38 (yr) F&A tr 6a '32-'35 (yr)-—J&J 15 Pittsb Lake Erie & W Va— Refund gold 4s 1941—-M&N 100 Ark & Mem Ry Brge & Term— 1st M 5s 1964 M&S Aroostook Nor 5s g 1947 A&O Asheville & Spartanburg—S U & Ool 1st M g gu 4s 1955---J&J Atchison Topeka & Santa Fe— Gen mtge gold 4s 1995 Eq Eq Eq Eq Eq 67 67 A&O Allegheny Val gen 4s 1942..M&S Amer Dock & Impt—See Ind & M Ann Arbor 1st g 1995 Q-J J&J 1st M 4s g July 1 1948—-A&O 1st M 5s July 1 1948 A&O Oonv 4%s 1933 red 1923-M&S Alleghany Oorp— Ooll tr conv 5s 1944 Ooll & conv 5s 1949. Ool & conv 5s 1950 6s 1947--A&O Augusta Union Stat 4s 1953-J&J Bait Ches&Atl 1st g 5s 1934 M&8 / Bait & Harris g 5a 1936 M&N 1st JVI West Ext g 5a 1938 M&N Baltimore & Ohio— 1st M g 5s 1974 series A..M&N Albany & Susq 3Mb gold 1946 A1 & gu g Aus & NWlst 5* g 1941 Bonds. Ask. Boston & Albany (Concluded)— Akron & Barb Belt g 4s 1942. J&D Ak Cant & Youngst— (conv. before 1916) gu. Bid. Atlantic Coast Line RR (Concl) 105 95 95 4.75 85 4.25% 87 107 108% 100 100 100 100 101 100 % 100 % 100 H 100 % 102% 105x4 1055? 105 % 105% 105% 4.60 4.60 105% 4.10% 4.10% 112% 119% 102H 119% 102% 113% RAILROAD BONDS 78 NOTICE.—All bond prices are "and Interest" except where Canadian N W 4 M» Oct 221943Oanadian Pacific— Cons deben 4s perpetual—J&J 20-yr coll tr 4 M« 1946 M&8 Ooll tr 6s Apr 15 1934 A&O Coll tr 5s 1954 J&D 8 f 4Mb Dec 15 1944—.J&D16 Ooll tr 4 Ms I960 J&J M IF 105 4.50 4.50 4% Eq tr 6s Apr 26 1932 s-a.-A&O 97 Care Clinch & Ohio 5s 1938--J&J 103 1st cons 6s 1952 ser A-J&SD15 Equip 5s 1932-1937 s-a-A&O Eq 5s 1932-1933 s-a J&D 59 108 M 4.25 4% 4.25 Eq tr 6s 1932-*35 (yrly)_J&Jl5 105M 4.20% 4.20% 3% 104 108^ 3.753 3.2595 4% 97 55 Sec 62 m European loan 4s 1946.M&S 94M 96 M 73 84 71M 78 4.50 4.50 4 k 4.50 83 94 M 100M 85 M 113M 88 115 98) 97 4.10 3.75' 4% 3.50) 98 96M 103 77 98 M 97 M 103 M 79 UllnoUi piV 3 M S *49 op '29 J&J 4s July 1 1949 J&J Chic & East 111 (new co)— Gen M 5s May 1951 M&N Chicago & Eastern Illinois— l«t COMOI 6s gold 1934—A&O '82-M&N Income 5s Oct 1982 Chic Grt West 1st 4s 1959-M&S Chicago Indiana & Southern Ry Con mtge g 4s 1956 guar..J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J g<£ M g 5s 1947 series B-J&J Ref M g 4s 1947 series O—J&J 1st & gen 5s 1966 series A.M&N 1st & geni 6s May *66 ser B J&J Equip tr 6s ,32-,35 (yr)__J&J15 5 Olev Cine Ohlc & St Louis— 93 X 107 66"" —— 105M Ir 80 M 60 80 51 73 4.50 M°"°Tn Coai gu 5s "36 opt J&D Ch|c & I C Ry lst 5s 1936—J&J Chicago Lake Shore & Eastern— 45 4Ms 1969 opt 1919-J&D 101 4% 48 75"" 57 20 M 83 M 75 89 series O.J&J Eq4Ma'32-'43E&F(yr). J&J 4.25% 4.25-% 4.25% 4.30% gen M 4Mb 1989 ser E—M&N Gen M 4 Ms May '99 serF_J&J J&J E<L4MS^2-'41 G &." Equip"tr fts 1932-35 (yr).J&J15 Equip tr 5s'32-'40 ser B(yr)F&A Chicago & North Western— Gen M 3Ms g 1987 M&N Gen M gold 4s 1987 M&N Stmpd non-pay Fed lnc tax Gen M 5s *87 stpd lnc tax M&N Gen M 4Ms'87stpd lnc taxM&N Gen M 4Ms'87 stpd inc tax M&N Sinking fund deb 5s 1933-M&N 15-year 6Ms Mar 1936—M&S 1st & ref 5» May 2037 J&D 1st & ref 4Mb Msv ?037 -J&D 1st & ref 4 Ms May 20370 J&D Oonv g 4M» 1949 ser A—M&N 6 Basis. 1st cons ref g 4Mb 105 Ext at 5M% to 1961 J&D Frem Elk & Mo V 6a 1933..A&O Galv Houston & Henderson— 1942--A&O 100 M 101H 92 M 91M 88 M 102 X 102 M 96M 91H 3.70% 1 1 1 1 9 1 1 1 1 1 1 1 89 90 M 111M s Colorado & Southern Ref M g 4 Ms May 1 '35-M&N General mtge 4Mb 1980—m&N, Eqtr 6s 1932-3o (.year)—J&J 15 & Columbia & Port Deposit— 1st m 4s 1940 F&A Ool & Hock Val ext 4s 1948 A&O Ool & Tol 1st g 4s 1955 F&A Conn & Pass 1st g 4s 1943--A&O Conn River gold 4s 1943 M&S Connecting Ry (Phila)— 1st M gu 4s Mar 15' 51-M&S15 Cuban Nor Rys 1st 5 Ms *42_ J&D Cuba RR 1st g 5s 1952 J&J 1st 1 & ref g 7 Ms '36 ser A. J&D 1st 1 & ref 6s 1936 ser B—J&D Imp & equip 5s 1960 M&N Dal & Waco 1st gu 5s 1940-M&N Danb& Norwalk4s 1955 J&D General 4Ms 1932— J&J Del & Bound Br 3Ms 1955-F&A Delaware & Hudson— Oonv 5s 1935 A&O M&N 15-yr g 5 Ms May 1 *37.-M&N Eq 6s Jan 15 *32-'35(yr) J&J15 D.RIv RR & B gu g 4s 1936-F&A DelRTerpmg 5s 1942- —M&N Ex p mon g 5s 1942 J&J 1st & ref gold 4s 1943 106M 103M Georgia & Florida RR— 1st M 6s 1940 ser A 100M 84 A&O 102 M 107 M 94 82 80 H 78M 86 40 50 35 66 90 85 4 25% 101M 98M 98 74 J&J 95 93 95 93 92 94 82 85 85 82 A&O 82 85 112) 107) 112) 107) 75 85 87 4.75 4.25% gray? Pt Term g 5s 1947—J&D Great Northern— Gen M 7s 1936 series A 97 109 J&J 98 *41.J&J B._.J&J 1st & ref g 4Mb *61 opt 43 Gen M 5Ma 1952 ser Gen M 5s 1973 ser O 64 72 107 101M J&J 94 Gen 4Mb 1970 ser D—J&J Gen 4Mb 1977 ser E J&D 64 30M 35 Eq tr 4Ms 1931-1939 M&S Eq tr 4Ms 1C32-1940 D (yr)J&J Eq tr 5s 1931-1938 (yr)..M&S 95 96 Western 102 M Fruit 4.20 4.20 4.20 Express.. 4.30 Eq 5s J'ne 15*32-'39 (yr) J&D Eq tr 4Mb 1932-1940.J&D 84 ^ 103 M 107 94 H 95 105 ,1 94M 4.30 Great Northern Ry of Canada— Cons 4s 1934 opt to 1914—A&O Greenb Ry lstg gu 4s '40..M&N 4reen Bay & West debt certs A.. 97M 96M 98M 50 M 75~r 7M : Deb ctfs B 3.90% 3.90% 16 iuantanamo & Western— J&J 1st M 6s 1958 ser A 3.75% Guayaquil & Quito 1st 5s '32 J&J2 ff 32 M 30" 33 75 72 86 80 Tulf Mobile & Northern— 1st 5 Mb 1950 serB 1st 5s 1950 Series O 56 62 M 4.60 57 M 66 4.25% 91 92 94 M 96 101M 55 J 4 Des M & Ft D 1st 4s 1935--J&J f 4M Certificates of deposit 88 Des Plaines Val 4Ms 1947.-M&S 30 Det & Mack pr lien 4s 1995-J&D 25 Mortgage gold 4s 1995 J&D Det R Tun 4Ms 1961 gu...M&N 102^ Detroit Toledo & Ironton— 97 1st 5s Mar 1 1964——J&J 1st mtge 6s 1950 Inc mtge 6s 1960 65 60 4.75 io2 ?eb g 6s Sept 1 1936—M&S cr ls,t Harl R If 4s & Ho bo ken 1st lien 102 M 60 A&O A&O lulf & Ship Island RR— 1st ref & term g 5s Feb '52-J&J 4ulf Terminal of Mobile— Denver & Salt Lake Ry— 102M 55 91M - Denver & Rio Grande— J&J J&J 50 110 1st g gu 4s $ July 1 1950-J&J Eq tr5s Dec 14 *31-'43 (yr) 87 105 4.15 98 „ 111M .... 6 Ms 1930 F&A Grand Trunk West 4s £ 1950-J&J 91 61M / 4Mb 1941—J&J A&O ^ke Sup Div 4s 1955 95 97 M 101 95M 99 111 45 Grand Trunk Ry of CanadaSink fund g deb 7s 1940- A&O 94 107 105 104 M Prairie Section 4s 1955.—A&O Mountain Sec 4s 1955 A&O „ 11M 97M 105 1st 4s Feb 25 '39 Alg gu.M&N 1st 4s Feb 16 *42 Alg gu.M&N Gen 4s 1962 Can Gov gu__J&J 4% 4.65 95 41 J&J .... 1st M 3s 1962 95 100M 16"" 9 grand Rlv Valley 4s 1959-M&S Grand Trunk Pacific— 103 M 80 15 95 M Georgia Fla & Ala RR— 1st M & ref 6s 1952 F&A Ga Mid 1st g 3s 1946 A&O Ga RR & Bkg ref 6s 1951-A&0 4s Jan 1 1947 J&j Ga Sou & Fla 1st g 5a 1945-J&J Deb 5s 1952 A&O Eq tr 4Mb 1931-1939 s-a.M&N 108 65 45 M&N Otfs of deposit.. Xr. Rin OrandA Western-^ Gen Income 5s Aug *55—F&A 1 1st con g 4M« 1936 / July 1 1934 2d 4« 1930 525% 35'" Gouy & Osw 1st 5s g 1942—J&D GrR&Ind ext 103M 104M 5 25% 95 Inc deb 6s 1952 111 1st con g 4s 1936 b A&O M&S J&J Ga & Ala 5s Oct 1945 J&J Ga & Ala Term 1st g 5s 1948. J&D Ga Oaro & N 1st 5s g 1929..J&J _ 1st 4s gold guar 1995 M&N Cleveland Union Terminals— Ref & lmpt 58 1978 ser B_ b 1st M 5s 1933 Galveston Term 6s 1938 Ext at 6% to 75M 20M 75 19 0.25 6.25 Genesee River 6s 1957 97 M 92 85 J&D 1st 5s 1938 92 104 99" 98 M 100 1947...J&J Fort St Un Dept Det 4M" '41 Ft Worth & D O 6s 1921— 105"" Eq tr 4 Ms 1932-42 (yr)„M&N b 77} 87 M 92 M 97M 100M J&J 98 103 . ipnyor 100M 75M 97 M Fort Dodge Des Moines & Sou 104M Cleve Short L■ 4 4M Ms 1961 A&O " Cleveland Terminal & Valley— / This price includes accrued Int. k Last sale. I In London iin Ser O 3M« gen gtd 1948--M&N Ser D 3 Ms gen gtd_1950—F&A Gen & rer 4M® 1977 ser A.F&A 1st 4 25% 75 112M Gen ref gold 4s 1950 J&J 1st cons ref 4Mb *52 opt—M&N „ Pittsburgh— 1942—J&J Ser A 4Ms gen gtd Ser B 4M» Std Int red to 3M% 4.25% 4.75 Fonda Johnstown & Gloversv Delaware R.R.— 92 M 93 «en Cleveland & 4.75 99 M Ft Smith & West 1st g 4s *54. A&O 97 Dayton Union 4s 1949 J&J Dawson Ry & Coal 5s 1951—J&J ' 4% 101M 96 X Ref&lmpt4Ms8erE 1977-J&J 98 M Cairo Div 1st g 4s 1939—J&J 91M O W & M Div 1st 4s g '91-J&J 87 St LDiv lstcoltrg4s'90M&N 96M Spr & Col Div 4s 1st g '40-M&S 97 M White W V Div 1st 4# '40-J&J b 4% Equip to 6s 1932-1935 Clev Oolum CIn & Indianap— 105 Gen cons gold 6s 1934 J&J Cleveland Lorain & Wheeling— 101M Cons now 1st 5s 1933 A&O Gen M 5s 1936 J&D lOlM Oleve & Mah Val g 5s 1938.J&J 102 M Clev & Marietta 4Ms I935.M&N 100 M 95 __ _ General 4s gold 1993 J&D Gen M 5s ser B 1993 J&D Ref & Imp M 6s '41 ser O—J&J Ref & Imp M 5s '63 ser D._ J&J 100M 65M 96" 4.50 b Cleveland Akron & Columbus— 1st cons guar g 4s 1940—F&A 1st • f 4Mb 1977 ser O-.A&O Coal Riv Ry 1st 4s gu '45—J&D 106M 92 1951—J&J 99 M 85 95 1943--J&J 75 4 25% b '59-J&D M&S Eq 4Ms '31-'35 G (s-a)...A&O Eq 4Mb '31-'41 H (s-a)..M&S F]a 80 1st g gn 4s 1945 J&J Florida West Sh 5s 1934 103 M 110 33M 94% . 99 H 102M 109M 92 H 72 88 104 1st M 4Mb 2020 ser A J&J Clearfield Bitum Coal—See Ind & Misc. Clear & M 1st 5s g gu 76M 72 b 1st & ref 5a 1974 Cincinnati Union Term Co— n £en Sa WlP May 1 1989—J&J 1st g 4s 99M . Eq tr 5s 1932-38 (yr)—A&O b 75M J&J 1st cons 5s gold 1943 Florida East Coast 4Ms 90 .... 87 M 71 71 67 M 74 M 74 4.75 Florida Central & Peninsula— — f 5 Ms 1972 series A—A&O 1st Ms f 5s 1973 ser B——A&O 32 M 101 99M 97 87 M European & N A gold 1933—J&J Fltchburg 5s Jan I 1934 J&J 4Mb Jan 1933 J&J 102 M J&J 101 J&J J&J A.-A&O Eq tr 6s 1932-35 (year).J&Jl6 Eq 4Mb '31-'41 LL (s-a)—M&S Eq tr 4 Ms 1931-43 (s-a)—M&S Penncollg 4s Feb 11951—F&A Er e & Jersey a f 6s 1955 J&J Erie & Pittsburgh— Gen guig 3 Ms ser B 1940—J&J Series O 1940— J&J 915 105) 96 100 ., , M&N CIn N O & Tex Pac Ry— — Chicago Burlington & Quincy GeniM 4s 1958M&S 1st & ref 4Ms ser B 1977—F&A 1st & ref g 5s 1971 ser A„F&A 106 >4 116M 110M 105M 103 A&O Series B 1953 A&O Series D 1953 A&O Ref & lmpt m 5s 1907—M&N Ref & mtge m 5s 1975 A&O 74M 62" 104 105 H 106 M 1951-J&J 1st & ref 5s 1965 EriePrior lien gold 4s 1996 Gen lien gold 4s 1990 106 A&O 0ISL&Olst4sg Aug '36—Q-F CIn Ind & West 1st 5s 1965-M&N Oin Leb & Nor 4s 1942 M&N Cine & Musk Val 4s 1948—F&A Olndn North Paso & R 11st gu 5s El Paso & S W RR— 85 116M 1st gold guar 4s 1953 94 M A&O 86 4.15% .£1 105 104 Cincinnati Hamilton & Dayton— General 5s gold 1942 J&D 2d mtge gold 4M« 1937 OInc Ind & St L Sh Line Ry— Elmlra & Williams port— 1st 6s 1910 ext at 4% 1950-J&J 105M Choctaw Oklahoma & Gulf— 1952 M&N E 73 57 104 Guar gold 5s 1944 J&D Chicago & Western Indiana— Gen gold 6s Dec 1 1932—Q-M Oonsol gold guar 48 1952---J&J 1st & ref 5 Ms 1962 A M&S Choc & Memph 5s 1949 J&J 5s 99 42 Conv gold 4s 1953 ser 1st M 5s 1963 series B J&J 1st M 6Ms series O 1963--J&J Oonsol gold 4.75 b Inc mtge 5s Dec 1 1960-M&S Chic Un Stat 1st 4 Ms 1963-J&J - 50-yr 5s 1975 series A F&A Oonv adj 5 s Jan 2000 A&O Gen g 4s A May 1 1989—J&J J&J15 98 40 M&N Elgin Jol & East 5s 1941—M&N 3.75% 103 X 82M 96M Eastern Ry of Minnesota— Nor Div 1st r 4s 1948 A&O Eastern Tenn & West N O— 5s 1935 East Tenn Va & Georgia— Oonsol 1st g 5s 1956 3.85% 3.75% 3.75% 3.75% 50 46 J&J 1940—J&D 1st gold 5s 1937 Dutchess Co RR 4Mb Income 5s 2862 3M» June 15'51 J&D-15 Eq 6s 1932-'35 (ann) M&N Chic Memp & Gulf £s 1940..j&j Chic Milw St Paul & Pac RR— 4.30 4.30 105 M 104M J&J GeI\S8 '6s.Jan 1 1941 72 M 4.30 4.30 104 M Duluth South Shore & Atlantic— 91 4.30 89 J&J 1937-A&0 1st gold guar 4s 1953 Dul & Ir Range 1st 5s Duluth Missabe & Northern— 91M Ohlc Terre Haute & Southeast 1st & ref g 5s Dec 1 '60 opt J&D jga g 90 78 M&S A 3.85% 3.85% 3.75% 3.75% 3.75% 3.75% 92 101 r Chicago & Erie 5s 1st 4.20 Chic St L & Pits 1st 5s g 1932A&0 Chic St Paul Minn & Omaha— 4.25% Eq tr 5s Apr 26 1932 s-a—A&O 4.25% 5% Eq tr 5s Dec 14 '31-*44 (yr) 109 Ohar & 8av gen 7s 1936 J&J 102 103" Charl & W Oar 1st 5s 1946--A&O Chateaugay Ore & Iron Co—See I nd& M isc. Chat R & South g 5s 1947-— J&J Chattanooga Sta 4s 1957 gu.J&J Chesapeake Corp—See Misc Bon ds Chesapeake & Ohio— 107 1st cons g 5s 1939 M&N I06M 106M General 4Ms gold 1992—M&S 101M Ref&lmpt4Ms 1993 serA A&O 100 M Ref & lmpt 4Ms '95 ser B J&J 4.10 Eq tr 4Ms '31-40 W (yr)_A&0 4.10 3.75 Eq tr 5s 1Z2-'S8 (yr) M&S15 4.10 3.75 Eq tr 5Ms *32-'37 (yrly)..J&D 4.25 3.75 Eq tr 6s 1932-'35 (yrly)_J&Jl5 4.20 3.75 Eq 6Ms 1931-35 (ann)—J&D 102 M Craig Valley 1st 5s g 1940-J&J Potts Creek 4s 1946 J&J 98 R & A Div 1st con g 4s *89-J&J 2d con g 4s 1989 J&J 1 Warm Spr Val 1st 5s g '41.M&S 97 Elevator Co g 4s gu 1938- A&O 94 West Poc Corp 1st 4Ms'45 F&A Chesapeake & Ohio Northern— 104M 1st M 5s 1945 guar A&O Chesterfield & Lane 1st 5s '55F&A / 79M Chic & Alton 1st 3Ms 1950--J&J f 69M ? 3s 1949—A&O / 68 M Certificates of deposit— 69 / 66 Stpd as to Apr 1931 Int Equip trust 6s Jan 15 '32-'35 b 5.50 4.50% —(yearly) J&J15 . 4.25 80 Central Pacific— Cent RR & Bkg 5s 1937 Central Vermont Ry— 4.25 J&D Registered $1,000 & $5,000— 1st ref 4s g guar 1949 F&A 1st g guar 4s Oct 11954—A&O Guar g 5s 1960 F&A ser Mem Div 1st 4s 1951 102 M Ref & gen 5 Ms 1959 ser B. A&O Ref & gen 5s 1959 ser O-.A&O Eq tr 4Ms '32-'40 ser P(yr)M&8 Eq tr 4 Ms ,31-'40serQ(yr)M&N Eq tr 5s 1932-'38 (yrly)—J&D Chat DIv gold 4s 1951—J&D Macon & Nor g 5s 1946—J&J Mid Ga& Atl 1st 5s 1947-J&J Mobile DIv g 5s 1946 J&J Oconee Div 1st g 5s 1945—J&D Ocean S S 1st 5s 1943 J&J Cent New Eng 1st qu 4s 1961 J&J Central of New Jersey— Gen M (now 1st) g 5s 1987 J&J Gen M 4s 1987 J&J Eq tr 6s '32-'35 (yrly)—J&J15 Eq tr 4Ms 1932-'41 (yr)„F&A I Ms 1952 Con g 79 4.25 30-yr. conv.4Ms I960---M&N Eq 6s Jan 151932-'35 (yr) J& J15 Eq tr 5s 1931-38 (s-a) J&D Eq tr 5s Oct '31-'34 (s-a)-A&O Eq 4Ms *32-'42 O (yr)-—J&J Eq tr 4Ms '31-*45 (s-a)—J&D Chicago St Louis & N O— Con g 5s June 15 '51—J&D 15 98M 60 4.20 General gold 4s 1988 J&J Ref g 4s 1934 opt to 1911—A&O 80 Cart & Adlr 1st 4s 1981 J&D Oatawissa cons g 4s 1948 A&O Cent Ark & Ea 1st 5s 1940 op J&J OentrBr Un Pac 1st g 4s '48_ J&D Central of Georgia— 1st M g 5s Nov 1 1945--F&A Registered $1,000 & $5,000 Cons gold 5s 1945 M&N 97 4.20 Eqtr 5s '32*35 ser M (yr)-J&D Eq 5s '31--38 O (yr)—-J&D Eq 6s Jan 15 '32-'35 (yr) J&J15 Eq 6m« 1932-36 ser J (yr) M&S Eq 6 Ms 1932-36 K (yr)-A&0 Eq 4 ms'31 -*42 (yr.) ser A M&N Chic R I & Pac Ry— 64 M M Detroit & Toledo Shore Line— Chic & North Western (Concl J 84M Atk. Bid Bonds. Bid. Bonda 97 M 97 Oarb & Shaw 1st g4> 1932.-M&S Oaro Cent 1st g gu 4s 1949-_J&J ^ 95 93 Eq tr 5s 1944 J&J Eq tr 4Mb 1931-1938 s-a_-J&D Eq tr 4Ms 1940-1945 s-a-J&D _ Ask. Bid. Bonda marked "f' and income and defaulted bonds. 1957 gu Portch—See RR s & Term f 6s 1947 J&J N Y N Co— 102 79 H & Ha rtford M&S Hocking Valley Ry— 20 15 gold 4Mb 1999...J&J Eq tr 5s 1932-1938 (ann).A&O Eq tr 5s 1932-1939 (yr)...J&J Eq tr 6s *32-'35 (yr) J&J 15 1st cons 103 M 104M 4 25 3 75% 4.25 3 75% 4.30 3.90% 40"" Dollar per 50U franca 99 «r £20. n Nominal, r Canadian price, s Sale price. KAILROAD BONDS 79 BOTIOl.—All bond prloes are '"and interest" except where marked "(" and income and defaulted bonds. Bonds. Holidaysburg Bid Bedford & 1st M g 4s 1951 guar Housatonic con 5s 1937 J&J 96 100 M&N Houston Belt & Term 5s '37-J&J Houston Eart & West Texas— 1st 6s g May 1 1933 M&N 1st lien g 5s 1937 102 J&J 1013* Hudson & Manhattan— 1st gold 5s 1957 opt P&A Adj inc up to 5% Fob '57. A&O 1st M 4 3*s 1957 conv 9934 F&A 83 Huntingdon & Broad Top— Mar 31 '40A. A&O W 16 5 94 H 9134 8534 , A&O 86 Col tr L N O & T g 4s '53.M&N Refmtge 5s 1955 M&N Ref g 4s 1955 opt 1918- M&N ^ur lines 1st g 334s 1952--J&J Jt 1stref M (IC&CSL& 74 N O) 5s 1963 ser A J&D Ser B 6s(£100 & £200)'63J&D Series O 434s 1963 J&D 9534 84 103 # 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 Equip 634 s 1932-1934 (yr).F&A Equip 7s 1931-1935 A&O 4.25 1950--J&D ,75 107 7434 3.75% 3.75% 3.75% 3.75% 3.75% 4.75% 3.75% 3.75% IV 79 J&J Indianapolis Union— 1st M 5s 1956 series B_ 1st M 5s 1956 ser C Ref & ext 6s 1967 J&J Jamestown Frank & Clearfield— 1st g 4s 1959 guar J&D 1952 J&J L & N Term 1st g 4s '52 gu J&D Macon Dub & Sav 5s 1947..J&J 1st & ref 434s 1935 1st & ref 5s Dec 1935 J&D 1st & ref 6s Dec 1935 J&D J&D 94 100 9134 z 3.75% 3.75% 3.75% 953* —-- 96 ---- 683* 100 88 91 --— 102 102 97 9934 1023* 653* 65 gu M&N 7s 1937..M&N 109 J 99 J ManitowGB&NW3 348*41 87 g 89 35 99" Manitoba S W Col 5s 1934.-J&D M&S / M&S Asst (cash warr & coup).... / 98 101 10334 683* 77 11034 993* 1st g 434s 1940 guar op—M&N K A & Gr R 1st 5s 1938 J&J Kal & W Pig n g5a 1940 J&J Kanawha Br & Ter 5s 1948.. A&O Kana & Mich 1st 4s 1990...A&O 94 34 A&O Sept 1 / 9334 l65 8034 Ref & 89 4.10% 4.25% 9734 9734 35 80 90 9334 89 — 89 94 9234 100 F&A 104 10534 J&D J&D 9734 13034 9834 13134 J&D 100 102 8534 9934 10334 101 10534 / This price includes accrued interest, 933* 4.40 10434 23* 2 2 2 2] 23 96 M&N 8534 F&A If 100 Cons deb 4s perpetual J&J If 80 New Eng cons 4s 1945 gu J&J 913* Consol g 5s July 1 1945—J&J 10134 N Hav & North 4s 1956 gu—J&D 84 N J June 1st 4s gu 1986 F&A 853* N J & N Y 5s 1950 M&N Gen 5s Dec 31 1932 J&J New Lon Nor 1st 4s 1940 J&J New Mexico Ry & Coal Co— 5 10234 2% 102 82 92 10334 9034 .... V 92" 10234 10234 42" 38 763* 85" 90 9034 .903* Conv deb 6s 1935 M&N Cons mtge 4s 1998 ser A..F&A New York Central & Hud Riv— Ref g 334s July 1 1997—J&J M&N 40 25 Deb g 4s *34 373* 373* Deb 4s 1942 tax-exempt. .J&J Ref & impt 4 34s 2013 A A&O 78 81 863* 703* 7034 7434 6534 . 59 Eq trust 434s 1932-'42 4.75 A&O 6 Newport & Cincinnati Bridge— 1st M g 4J4s 1945 guar 100 J&J Newp & Richf 1st 5s '41 gu..J&J N Y Bay Ext R lit 5s g 1943-J&J 10134 10734 933* 83 77 83 , 69 J4 4.15% :::: mm mm mm mm 10734 9434 ft tax-exempfc.M&N or N J 1st 5% to 1940. Midland Valley—5s 1943 Adj M Ajpr 1 *53 ser A 6s 1910 A&O A&O 98 When issued Ref & impt 5s 2013 O L S coll tr g 334s 1998 — Harl Riv & Pr, Ches 4s '64 M&N b Basis. 833* 10734 10034 mm mm mmmm Con g ref 3 34 s 1997 J&D 84 85 Lehigh & New England— I 1st M gold 5s 1945... J&J 106 Gen mtge gold 5s 1954 J&J 10434 105 —Eq tr 434fl1Q31-'42 (yr)—A&O A-—~4% Lehigh Valley Harbor Term Ry— ...» 45 1003* mm 102 100 M&N 85 Gen con gold 434s 2003—M&N 9834 Gen con gold 5s 2003 M&N 103 Lehigh Valley Coal—See Ind & M isc. Lehigh Valley Ry of New York 1st 434s gold 1940— J&J 10034 Lehigh Vail Term 5s 1941— A&O 10334 Lehigh & Lake Erie— 1st 434s 1957 guar M&S 108J4 104 Nat RR of Mex p 1 g 434s'26 J&J 1st cons gold 4s 1951 A&O National Transc Branch Lines Co 1st Msf 434s 1955 A&O ..M&N J&D 93" 953* 953* A&O 10434 68 71 81 F&A M O coll tr g 334s 1998—F&A Sept 81 Series B 4.20 Eq tr 7s '32- 35 (year)__A&015 Millen & Southw 5s 1955 A&O i::: 4.50 Eq tr 6s '32-'35 (year)—J&J15 Milwaukee & Northern— NYC L eq 5s '32-37 (yr).J&D b 4.15 1st ext 434s 1934 (1880)„J&D 10034 NYC L eq 5s '32-'39 (yr).J&D b 4.15 Cons 68 1913 ext at 4i NYC Leq434s '31-37(yr)M&8 b 4.15 to 1934 (1884) 96 J J NYC Lines eq 4 34a Mar 15 1032 9734 Mil Sparta & NW 1st 4s 1947M&S 95 923 to 1939 (year) 4.15 M&S15 b MI1&State Line lst3 34sl941-J&J NYC Lines eq 434« '32-'35 J&J b 4.15 Minneapolis & St Louis— NYC Linei eq 434i *32-'40 1st 7s '27 ext at 6% 1932—J&D 75 85 (yearly) M&N 15 b 4.15 lstconsol gold 5sl934—M&N 25 NYC RR eq 434i *36-'32--J&J b 4.15 Certificates of deposit.. ~9A* 24 NYC RR eq 434" *32-'45-M&N 4.15 1st refdg gold 4s 1949 M&S 634 63* N Y O & St List g 4a 1937—A&O 98 Ref & ext 5s Feb *62 ser 8 83* A.Q-F 6% srold notes 1932 A&O 87 Certificates of deposit.... f 83* Ref 534i 1974 ser A A&O 8134 Minn St P & Sault Ste Marie— Ref 4 *s 1978 ser O M&S 6534 1st cons gold 4s 1938 J&J 74 % 4.30 Equip tr 434s 1932-'44 (yr) F&A b 1st cons gold 5s 1938 J&J 60 64Ji 4.30 Equip tr 5s 1931-*38 (yr)„F&A b 1st cons 5s 1938 gu int 80 J&J 85 New York Connecting RR— 2d M gold 4s guar 1949.—J&J 70 1st M 434s 1953 series A—F&A 10134 102 Coll trust 6 34s 1931 M&S 993* 10034 lit guar 5s 1953 series B—F&A 1033* 1st ref 6s 1946 series A J&J 58 NY & E 1st 4s ext g 1947—M&N 94 3* 1st ref 534s 1978 ser B 92" J&J 93 434s 3d ext 1933 M&S 100 25-year 534a 1949 M&S 40 50 N Y A Gr Lake gu g 5s 1946.M&N 80 95 Eq tr 4s '31-,38 s-a 4.75 4.25% N Y & Har 1st g 334s 2000 J&D15 M&N 85 Eq tr 434s 1931-36 (s-a)-M&N 4.75 4.25 % N Y & Jer 1st g 5s *32 opt 101 F&A 10134 Eq tr 5s 1931-33 (s-a) 4.75 4.25% N Y Lack & Western— M&S 4.75 4.25% _Eq tr 6s 1932-'35 (year)..M&S 1st & ref 5s 1973 ser A M&N MStP&SS M & CentTermRy— 1st & ref 434s 1973ser B—M&N 102" 10434 1st Ch Ter a f 4s ,N Y L E & W O & RR—See Ind & Misc. 943 '41op'16.M&N MhrncarrTcrai 33*s '50 opt.XScT 81 "WYX E & W Dock & Impt— Se e Ind & MIscel Mississippi Cent g 5s 1949—J&J 9934 N Y & L Br gen 4s 1041 M&8 9234 Mo-Ill RR 5s 1959 J&J 50 54 General gold 5s 1941 M&S Missouri-Kansas-Texas RR— NY & NE Bos Ter 4s 1939—A&O 9134 Prior lien 5s 1962 ser A J&J 9434 N Y New Haven & Hartferd— SB* Prior lien 4s 1962 ser B J&J 82 833* Deb 6s Jan 15'48 conv—J&J15 115 Prior lien 434s 1978 ser D.J&J 8934 Deb 4s May 11957 M&N 6934 Adj M 5s Jan 1967 ser A..A&0 79" 793* Deb 4s July 1 '55 non-conv J&J 853* M K & T of T 1st 5s gu 1942 M&S Deb 4s 1956 non-conv M&N 853 Mo Kan & Tex (old Deb 4s 1947 non-conv company)— M&S 8734 1st gold 4s 1990 _J&D 8834 883* Deb 334s March 1947 M&S 8334 Eq tr 0s 1932 *35 (year).J&J15 4.60 4.20% Deb 334« 1954 non-conv—A&O 79 Mo Kan & Okla, 1st 5s '42..M&N Deb 334" 1956 conv J&J 78 Mo Pacific RR (new company)— 15-year secured 6s 1940 A&O 10534 1st & ref 5s Jan 1965 A...F&A 8734 1st & ref 4 34s 1967 J&D 933* 1st & ref 5s 1977 ser F...M&S 8234 833* " Equip tr 434s Sept 15 1931 to Mar 15 1945 (»-a)..M&S 15 6 4.60 4.20% Eqpt. tr. 434s ,32-'46(yr).J&J b 4.50 t. o4.25% ext at Assented M&S Kan City Sou—1st g 3s 1950 A&O Jan f J&J 6a 1933 4.50 Morgantown& Kingwood— 1st mtge 5s 1935. J&J Morris & Essex 334s 2000—-J&D Constr'n 5s 1955 ser A M&N Constr'n434» 1955 ser B_M&N Nashville Chattanooga & St L— 1st M 4s 1978 ser A...—.F&A Eqtr434s 193l-'37 (year)_A&0 Nash F & S 1st gu g 5s 1937—F&A National Rys of Mexico— Prior lien g 434s s f 1957—J&J Gen mtge 4s 1977 A&O 6% g notes *15 ext to *33.-J&D 6% g notes £ *15 ext to '33. J&D 1st 5s 1954 series B A&O 1st M 5 34s 1954 series A A&O 1st 5s 1956 series C F&A lit M 434s 1956 series D„F&A 10 RR 4% MidlanU M&S Impt 5s Apr 1 1950--J&J Eq tr 6s 1932-35 (year)._J&J15 b Eq tr 534s 1931-38 (year) M&S b Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 J&J Kan O & Pac 1st 4s g 1990..F&A / 1st M 4.50 4.50 J&J New York Central RR— franc bonds (Foreign series) 1963 9034 gold 5s 1937 82 2d M ndj inc Hs 1933 4% 88 guar New York Bklyn & Manh Beach 1st gold 5s 1935 A&O Midi 10034 1st 9834 __M&N 51 Mont Wyo & So 5s 1939 M&S Montour RR 1st 5s 1963—F&A 1st 5s Kal &S H 1939 M&N 1st mtge M Air L 4s 1940.-J&J 1st g 4s Jol & N Ind. 1957J&J 10 1st g 334s J L & Sag 1951.M&S 9634 M&S E9 4>48 '32-*41 O (yr)__J&J15 Eq tr 5s 1932-'38 (s-a) M&S Eq tr 5s 1932-'39 (year).__J&J Montgom Div g 5s 1947.-F&A 10134 2.75 803* 46 New Orleans Texas & Mexico— Non-cum inc 5s "35 ser A A&O Middlesex Val 1st 5s 1942.M&N Mlddletown & Unionville— 9634 Kan City Ft Scott & Memphis— Ref g 4s 1936 guar 1930.J&D / 88 Michigan Central— Ref & impt 434s 1979 ser O.J&J Equip 6s 1931-32 (yr) M&S 1st gold 334s 1952 Eq tr 6s 1932-35 (yr)...J&J 15 Kanawha & W Va 5s 1955.._J&J K C Mem & Bir 4s 1934 Income 5s Mar 1934 1ft 6s 95 Gen M g 4s 1945 J&J Small Mob & Ohio, gen 4s 1938. ..M&» Ref & impt 4 34s 1977 M&S Extended at 5% 1940 M&N Ref & Impt 4 34s '52 ser A—J&J New Orl Term 1st 4s 1953 J&J .... .... M&N 1st coll trg 5s Oct 1 1947—A&O 1st & con & coll trg 5s 1951 A&O New Orl Gt Nor 1st 5s '55..F&A New Orl & Nor East 6s 1915, 73 4.75 4.75 Mob & Birm pr lien 5s 1945.- J&J Small Naugatuck 1st 4s 1954 New Brunsw 1st g 5s 1934 Sept 1 1914 coupon on.. Sept 1 1914 coupon off— Mexican North 10 Joplin Union Station— Con M 6s ann lrred Con M 434s ann lrred Gen cons gold 4s 2003 10634 1023* Ry Joint Monon coll Prior lien 4 34s 1947 1st con gold 4s 1977 5 4 fn 1st m 6s 1951 A&O Jacksonv Ter 1st 5s gu 1939 J&J Lehigh Valley— 1st 6s ext gold 4s 1948 M&S 1053* 96 4 20 4.20 4.20 Maryland & Pa 1st g 60" Mason City & Ft Dodge— 1st M gold 4s 1955 J&D / Memphis Union Station Co— 1st g gu 5s Nov 1 1959-.M&N 102 erldlan Term 4s *55 guar.M&N 86 Mexican International— 55 10 12 M&S mtge 5s 1954 2d mtge 3s 1980 Mob & Mont 434s 1945..M&S 80 la Minn & N W 1st 3 34s 1935 J&J Jacksonv Gainesv & Gulf— 1st Pad & Mem Div 1st 4s '46-F&A S E & St L Div 6s 1971-M&S 66H Iowa Cent 1st g 5s 1938—J&D Certificates of deposit -- Eq tr 434s 1931-37 (year).J&D Equip 634» 1932-36 (year) M&S Eq tr 6s 32-'35 (yr) J&J15 AtJ K & Cin Div 4s 1955-M&N Lou O & Lex 434s g 1931 .M&N 60 Moh & Mai 4s 1991 M&S Consol gold 334s 2002 M&S Monongahela Sou 5s 1955..A&0 Mont Cent 1st g 6s 1937—J&J 1003* 1st & ref 4 34s 2003 ser C._ A&O J&J F&A r 4s '51.M&S 73 77 4.25% 1st col tr 6% notes 1941.M&N 6% notes 1936 1st 1 & ref 634a 1947 F&A accr Int at exch rate 4.8665 Stmpdaccrint at rate 4.8665 Plain 1961 J&J L E & Det Riv 434s 1932..F&A Lake Erie & West 1st 5s '37-.J&J 2d gold 5s July 1 1941 J&J Lake Shore & Mich South— 10234 A&O %% 4.70 4 70 4s 1975 M&S Secured 6s 1938 53 34 .... J&J Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR 1st M 434s 1961 (sterling).J&J 104 Md Del & Va 5s 1955 gu S8M J&J Kansas Oklahoma & Gulf— lac 6s series B Jan 1949 1st M 5s 1978 1st & ref 5s 2003 6er B Sinking fund 743* Eq tr 434s 1932-42 (yr)._A&0 (nternat Rys (Central America)— 1st M 5s 1972 opt M&N 1st & refg 4s 1951 Ctf of dep —„ 9434 105 (old)—Gen 4% 4% Nashville— 50-year gold 5s 1937 M&N Unified gold 4s 1940. J&J Coll trust gold 5s 1931—M&N 1st & ref 534s 2003 ser A..A&0 Mo Pac Eq 634s 1932-'36 (year)__F&A 105 Philippine Govt 105 Internat-Great North Ry— 1st M g 6s 1952 series A—J&J Adj M 6s July 1952 ser A.April 102 75 82 Equip trust 5s 1932 40(yr)M&S Eq tr 434s '32-*44 F (yr). .M&N Eq tr 6s '32-*35 (year)__J&J15 3d 7s ext to July 1938 at 103 Manila RR Sou Lines 4s'39-M&N 4s 1939 ext to 1959 Ref & impt 434s 1980 J&J Indianap & Lou 1st 4s 1956.-J&J Interboro-Met 1 See Public Utility Inter Rap Tran J Securities 1003* 76 Secured 53*s 1931-1956—J&D 98 103 81 1st & ref 5s 1981 ser I F&A Conv g 534» 1949 ser A..M&N 963* 100 J&J gold 5s 1946 Macon Terminal 5s 1965 J&J Mahon C RR 1st 5s 1934—J&J Maine Central— 9834 Gen & refg 5s 1965 ser A—J&J Series B ---- 45 gold 4s. J&J J&J Gen mtge 434s 1957 Ind 111 & la 1st g 4s 1950 10634 35 3.75% F&A Genl mtge 4s 1957 88 1st M gold 5s 1935 A&O Louisville Henderson & St Louis— Southern A&O 82 11034 9934 ..... 9234 1951—J&J 1953—J&J 1951-.F&A St Louis Div 334s g 1951—J&J St Louis Div 3s g 1951 J&J Sp'field Div ext 334 s 1951 J&J Bid. Mo Pacific RR (Concluded) 1st & ref 5s 1978 ser G M&N 1st & ref 5s 1980 ser H—A&O 5134 Louisville & 80 Bonds 98 1st M 5s 1969 Louisiana & North Western— 1st mtge If 98 Gold 634s July 1 1936. J&J 40-year 434s Aug 1 I960—F&A Eq tr 434s 1932-1939 K—F&A Eq tr 434s 1931-1940 L A&O Eq tr434s*31-'41 M (s-a).M&N Eq tr 434s 1931-41 Ser N.A&O Eq tr 434s '32-'36 (yr) O.-J&J Eq tr 5s 1932-38 ser J M&N Eq tr 6s '32 "35 (year)..J&J 15 Western lines g 4s 1951 Id Blm & W ext 4s 1940 Indiana Harbor Belt RR— 1932..Q-J 5s 1937—M&N Louisville & Jeffersonville Bridge Guaranteed gold 4s 1945—M&S 8334 Ask. J&J 1st cons 5s g Oct 1 L I City & F con Louisiana & Arkansas— A&O £3>4s 1950 Coll trust gold 4s 1952 Bid. Lehigh & N Y 1st 4s 1945-M&S 953* Lehigh & Wilkes-B Coal—See Ind & Misc. Lex & East 1st 5s 1965 109 A&O Litchfield & Mad 1st 5s '34-M&N 9834 Little Miami guar 4s 1962._M&N 9234 Little Rock & Hot Spr West Ry— 84 1st gold 4s 1939 guar J&J 105 Long Dock 6s con g 1935—A&O 93 Long Island—Unified g 4s'49M&S Refunding g gu 4s 1949.—M&S 953* Gen mtge gold 4s 1938 J&D 973* 4s gold 1932 -J&D 993: Debenture gold 5s 1934—J&D 1003* Debenture gold 5s 1937.M&N 10234 4.50 Equip tr 5s 1932-39 (yr)..A&0 4.50 Equip tr 6s 1932 (yr),.— F&A Montauk Ext 5s 1945 North Shore Branch— 8534 If 71 If 86 J&J If 79 1st M £4s 1951 Tr bonds Cairo Bridge 4s g Litch Div 1st g 3s Louisv Div 334s g Omaha Div 1st 3s g 9934 40 2d M ext 6s 1940 ser B___F&A 3d M consol 5s Mar 31 '40-A&O Illinois Central—1st g 4s '51-J&J let gold 334 s 1951 J&J Main L ext 1st g 334s *51 ..A&O 1st M £3sl951 M&S 9734 102 rr , Bonds 102 1st gu g 5s Mar 1933 M&N Houston & Texas Central— 1st M ext 6s Ask. Cumb n Dollars per 1,000 frauc bond, k Last sale. I In London, n Nominal, s 9534' Sale price. RAILROAD BONDS 80 MOTIO*.—All bona prlooc ore "and Interest Bid. Bonds Weetern— 1992 M&S Registered $5,000 only Gen M g 4s 1955 red J&D N Y Pa & O p 1 4 Ha 1935-M&S S Y Phil & Nor—1st g 4s '39 J&J Income 4s Jan 1 1939----M&N Stock trust ctfs 4s 1948 J&D N Y Prov & Bos 4s 1942 A&O 57 M 57% 61"" 52" 100% 97M 96 Pitts Char & 95 95% 91# A&O 02% 1937 J&J P&A P&A 74% 40M 52% 1st refunding 5s Term 1st g 5s 1943 100 M&N Gen mtge do 70 do 54% 100% Norfolk & Oar 5s 1939 81M 106 A&O 20M 65% 1st & ref g 5s *61 opt '15--P&A Norf & South 1st 5s 1941-M&N P&A New River 1st 6s 1932 A&O 100 3% 106M 103% 100M 93% 68% 110% Ref & imp 4s 2047 ser O Ref & Imp 5s 2047 ser D 95 4.25 b 90% 94 68% 92% 110% 99 >" 100 } — 42 Ral & Gaston 1st 5s g 97% 60 70" 97 103 Jer Cent g 4s '51 op '06--A&O Gen & ref 4%s 1997 ser A.J&J Gen &ref 4Ms 1997 ser B-.J&J 99 108% 108% 102 109"" 109% 95 95% Pacific Coast Terminals Ltd— F&A 98% 101% 4s 1938--F&A 2d ext 5s gold 1938 J&J St L R E 1st 5s 1938 TM&N ex g 99% 103% Paris-Lyons-Mediterranean RR— Ext a f 6s 1958 F&A15 8 f extl 7s 1958 M&S15 Paris-Orleans extl 5 Ms 1968 M&S 6% franc bonds (foreign series) 101% 103% 104% 102% 103% 39% 40% J&D Paterson Ext 1st 5s 1950 J&D Paulista Ry 1st 7s '42serA M&S15 Pennsylvania Company— Gu tr ctfs g 4s 1952 _.M&N Gu tr ctfs g 3%s 1937 M&S Gu tr ctfs g 3%s 1941 P&A Gutr ctfs g3Ms 1942 J&D Gu tr ctfs g 3%s 1944 J&D Sec g 4%s 1963 M&N Pa&NYCanal con 6s 1939--A&0 Cons mtge 4%s 1939—.—A&O Cons mtge 4s 1939— A&O ■ 105 103% 77" 80 94 J 98 " 95 J 93% 91% 90% 102% 4% b Marquette Ry— 1st g 5s July 1956 Ser A.-J&J 1st g 4s July 1956 ser B..J&J 1st 4Mb 1980 ser O M&S Eqtr 6s '32-'35 (yr) J&J 15 Perkiomen 1st 5s "18 ext to '38Q-J 2d 5s 1918 ext to 1938 Q-J Phila & Bait Cent 4s 1951.-M&N 99% 101% 101% Phlla Bait & Wash 4s 1943.-M&N Gen 5s 1974 series B P&A Gen M 4 Ms 1977 ser O J&J Phlla Newt & N Y 3s 1942.-A&O 106 101% 109% 95 f 110% 104% 89 94^ „ 3.60% 3.60% 3.60% 79% 19% J&J J&J 1944.M&S 1st g 4s 1947.„J&J St Lawr & Adirond 5s 1996--J&J Gr Isl A&O 1996 Sou— 1933--M&M St L Peo & N W 5s 1948 J&J 9fc Louis-San Fran (reorganized). Prior lien 4s 1950 series A..J&J Prior lien 5s 1950 series B—J&J Cons in 4 M* 1978 ser A .M&S Eqtr6s 1932-'34 (yr)-..J&J 15 Eq tr 5s 1931-'37(year) —M&S Eq 4%s 1932-'41 BB (yr)-F&A St Louis 89 97% 105% m*'mm 104 87 100 100 mm mm 90 102 101 ' 97% m 102 40-year 4 Ms 1968 i 45" 85 35 ■ - 1st g 4s 1989— 2d g inc 4s Nov 1989 1st consol g 4s 1932 89 87% 4.25% 103 103 108" 109% 101% ' M&N -J&J J&D 1st term & unif 5s 1952—J&J Eq tr 5 M* 1931-1939 Cs-a) M&S Equip tr 4%s 1932-1945—J&J St Paul & Dui 1st 5s 1931—F&A 1st consol g 4s 1968 J&D St Paul East Gr Tr 4Ms *47--J&J St P & K O Sh 4%s 1941—F&A St Paul Minn & 83 — J&J 85 , 96% 88 70 70 35 102% 109% 98 65 62% 91% 103M fxH 94 4.10 4.10 4.10 4.10 4.10 4.10 M&S A&O 4.10 97 101 101% 1st con g 5s gu 100% 101 1st ref g 4s 1955 op 4.05 4.05 101% 97% 3.75% 3.75% 102 M 98 106 107 4.50 4.10% 74% 97 101% 94 97 98% 1 1 95% 78 90 82% 91 78% 91% 96% 103 1st gold 4%s 1939 1st consol gold 5s 100" 76 51% 4.75 4.70 4.70 8* 54 ^ 77b/ 63 4.75 4 25% 4.75 100 4.25% 84 85 58'" 98% :mmmm 108% 20 10 A&O 79% A&O 1944—F&A Texas & Pac 1st 5s 2000 101% 105% 94% 103 2d inc g 5s Dec 2000 104% 102 95% 75 rn'm'mm B—A&O 92 GeD & ref 5s 1979 ser 0--A&O 90% Gen & ref 5s 1980 ser D—J&D 91% 4.60 Kq tr 5s 1931-1939 M&N b 4.60 Eqtr4Ms 1932-42 (yr) —A&O 6 4.60 Eq tr 4 Ms 1932-43 (yr)—F&A b Tex Pac-Mo Pac Term RR— 101 1st M g 5%s 1964 M&S Tol Can Sou & D 1st 4s '56--J&J 95 Tol & Ohio Cent 1st 5s 1935-J&J 102% West Div 1st 5s g 1935—A&O 101 Gen gold 5s 1935 101% J&D Gen & ref 5s 1977ser 1951--P&A 6s 1932-1935 (yr).J&J15 o m 6s 1952 b 4"35 — J&J Toledo St Louis & Western— 1st gold 4s Apr 1 1950 A&O Tol Term 1st 4%s '57 gu—M&N 90% 96% Tol Walh Valley & Ohio— 111% 112 95 98 94% 96% 1st g gu 4%« 1933 ser 1st g gu 4s 1942 ser O B—J&J M&S 1st orold 4s June 1 1946—J&D A..F&A J&D Ulster & Del cons 5s 1928- 96% 85 h Dollars per 1.000-franc bond, k Last sale. 7 In 99 97 Toronto Hamilton & Buffalo— Consol m4%s 1966 ser 105 94 106% 96% 104% 99 77 103% 106% 93% 92% 93% 4.20% 4.20% 4.20% 103 103% mmmm 102 St Mary's Div 4s g Kq tr Toledo Peoria & Western RR 100 104% 101% 99% 93% 50" 55 90 92% 94" 40% J&D Mar 101 90 81% 101 78 55 91 85" 1st m 5M» 1950 guar -F&A Texas City Term 6s 1941.J&J26 Texas & N O con 5« 1943 J&J 51% 4.25% 4.25% 4.25% 75 4.40 Texarkana & Ft Smith— '106% 65 4.40 101% 102% 89% Gen ref s f g 4a '53 op '10--J& J Terre Haute & Peor 5s 1942-M&S 97 75 4.40 Ry— 1st m 6s 1947 ser A 64 106% Term Rli Assn (St Louis)— 90 90 106% 79 102 Tampa North 1st 5s '36 op_J&J Temfskamine & Nor Ont Ry Com Deb 4s 1939-1968 F&A Tennessee Central 94 95% Spartanburg Un Col 4s '95—J&J Spokane Falls & Nor 6s '39- .J&J SpoK Internat 1st g 5s 1955.J&J Staten Isl Ry 4Mb 1943 J&D Stephenv N&S Tex 5s '40 op J&J Suffolk & Oar con 5s 1952—Jft J Sun & Lewis 1st g 4s 1936 J&J Sunbury Hazleton & W-B— 2d mtge Inc 6s 1938 coup-M&N Tampa & Gulf Coast— 1st g 5s 1953 A&O 80 92% 104 M&N 1910--J&J 1937 Develop & gen M g 4s '56.A&O Develop & gen 6s 1956—-A&O Develop & gen 6%s 1956-A&O Eq tr 6s '32-'35 (yr) J&J 15 Eq tr 5s 1931-39 (s-a) M&S Eq tr 4Mb Oct' 31-*39 (s-a) A&O E Tenn reorg lien 5s 1938 M&S 1st Mem Div g 5s 1996 J&J St Louis Div 1st g 4s 1951-J&J Aiken Br 1st g 4s 1998 J&J L & N So joint g 4s—See L & N Mobile & O coll tr 4s '38-M&S 98% 97 4.10 Stamped Federal Tax— Southern Railway— 1st consol gold 5s 1994 .J&J 103% / This price Includes accrued interest. 65 Fruit Express equip 7s June 1 1932-1935 (yr)—J&D Eq 5s *32-'39 C (yr) Eq 5s *32-'41 D (yr) Southern Pacific RR Oal— Phlla & Read O & I—See Ind & M isc. b Basis. 104% Pacific Manitoba— 1933 J&J 1st cons red to 4 Mb K 1933. J&J Montana ext 1st 4s 1937-J&D Pacific Ext 1st 4s £ 1940-J&J St Paul Union Depot— 1st & ref 5s 1972 J&J Salt Lake City Un Dep & RR— 1st M 5s 1938 ..M&N S A & Ar Pass g gu 4s 1943-J&J San Fran & San Joaquin Val— 1st g 5s Oct 1 1940 A&O San Fran Term 1st 4s 1950--A&O 7% 7% 90% M&N M&N Equip 7s 1932-1935 (yr) J&D Equip 5s 1932-1939 (yr)„M&N Equip tr 5s 1931-38 (yr)„J&D Eq tr 4Mb 1932-40 (yr)—J&D Eq tr 4Mb *32-'41 (yr) J&D ' mm 6.50 50 50-year 4 Ms 1981 4Ms 1969 with war mmmm 40 mm 1934 ■ 90 94% M&J J&D M&S - Conv g 5s mm mm 71% 6.50 6.50 Florida 1977 _ Southwestern— 1st consol g 6s 83 83 92 St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51--J&J 1st consol g 4s 1933 80 4.75 94 85 J&J Riv & Gulf Dlv 4s 92% 87% 1st m 4%s 1957 Rutl Oan 1st g gu 4s 1949 Rutland con4%s 1941 2d gold 6s 89 b 85 St Louis Iron Mt & - b 1952--J&J Richmond-Washington Co—_ Colltr g gu 4s 1943 opt_—J&D Rio Gr June 1st gu 5s 1939—J&D Rio Gr So 1st g 4s 1940 J&J 1st g 4s guar 1940 J&J Rio Gr West 1st 4s 1939 -J&J 1st coll tr 4s 1949 op A&O R I Ar & La 4M» 1934 M&S Rock Island-Frisco Term Ry— St Johns & L Cham 5s 103% 99% 97% 4% Eq tr 4 Ms 1931-39 (yr)... A&O 70 Peor & East cons 4s 1940--A&O 13% 2d cons inc 4s 1990 Apr 1 f Peoria & Pekin Union Ry— 103% 1st g 5Ms 1974 series A—F&A 86 Peoria Ry Ter 4s '37 gu op J&.l 99% __ bds May 1 1941--M&N Rich Fredericksb & Potomac— Cons mtge 4%s 1940--—A&O i> Equip 68 Jan 15 '32-'35_J&J 15 Richmond & Mecklenburg— 1st g 4s Nov 1 1948 M&N Rich & Peters 4%s 1940 A&O St J 102 98% 1st & ref 4%s 1977 ser A.-A&O Pennsylvania RR— Con M 4s gold 1943 M&M 101 % do 4s gold 1948 M&N do 48 gold 1948 sterling 98% stamped dollar bond 105 do 4M« g I960 P&A 101% Gen g 4 Ms 1965 J&D 108% Gen g 5s Dec 1 1968 J&D 95% Gen m 4%s 1981 ser D A&O 110% 15-yr 6Ms Feb 1 1936 P&A 104 40-yr 5s 1964—., M&N Con M 3Msg £ 1945 J&J If 84 94% Deb 4 Ms 1970 A&O b 4% Eq tr 5s 1932-38 (yr) M&S equip 5s 1931-39 (yr) A&O Saratoga— 100 St Clair Term 1st 5s 1932.— P&A Penn Ohio & Detroit RR— Pere 5 65 86% 6.50 1st gu 6s g Richmond Term 1st 5s Cardelet Br 1st 4%s 1938-A&0 Paducah & 111 1st 4%s 1955.J&J Pan American 1st 5s 34 op__J&J I Gen & Rensselaer 6% Pacific Coast Co—See MIsc Bonds 1956 J — -J&J Eq 4Mb 1931-'45 (s-a) ..M&N Phila & R—2d 5s g 1933—A&O Imp M ext g 4s 1947—A&O Cons ext gold 4s 1937--M&S Term 5s g gu May 1 '41-Q-F Eq 5s (J&J) 1932 ser 104% 1st cons guar 5s 1946 J&J Oregon-Wash RR & Nav— 1st & ref g gu 4s '61 opt--J&J F&A 1947. -J&J Ral & Soutbp con 5s 1965—J&D Raleigh & S W 1st 4s 1936—J&J Raritan River 1st g 5s 1939—J&J Reading Company— W& N A tr ctfs 4s red 105-Q-M 98% 108 Ore Short Line 1st 5s 1946--J&J red to Ports Gt F & Oon 4%s 102% 96% J&J f 6 Ms 1948- 5s 1941—J&J 85% Ont & Que deb gu 6s perp__.J&D If 100 97% Ore RR & Nav cons 4s 1946-J&D s Port Reading 1st gu Consol 4s 1956- Ogd & L Ch 1st g gu 4s 1948-J&J Ohio Connecting 4s 1943 M&S O Ind & W g 5s Apr 1938 Q-J Ohio Rlv RR—1st g 5s 1936-J&D Gen gold 5s 1937 A&O Old Colony RR 4s 1938 J&J 3Hs July 1 1932 -J&J 1st M 5%s 1944P&A 1st M 5s 1945 series B J&D 1st M J&J 1961 38 3.75% 96 Gen g 3 3-lOs 1953 J&J Northwestern Terminal RR— f 1st M 5s 1977 Norwich & Wor—4%s 1947-M&S Guar 5s 84% 3-75# 105% 104% North Penna ext'd 4s 1936--M&N 4%a 1958 ser A J&D B A&O C .—A&O Pitts Young & Ash— 1st gen 4s series A 1948—J&D 1st M 5s 1962 series B P&A 1st gen 5s 1974 series C_—J&D Portl (Me) Term gu 4s 1961-J&J 1st m 4%s 1959 ser 1st M 4%s 1960 ser 12% 9% 1st gu 6s "fi" 2 P&A 1937.J&D Potomac Val 1st gu 5s g 1941 J&J Prov Sec deb 4s 1957 gu M&N Prov Ter 1st g 4s gu 1956—M&S Prov & Wore 1st 4s 1947--A&O Ral & Gape Fear 1st 5s 1943M&8 Ral & Charleston 4s 1956—-F&A 4.25 b No Pac Ter Co 1st 6s 1933--J&J No Ry of Cal 5s g gu 1938-A&0 Pac of Mo 1st -J&J 103 2 1952 P&A 60 6% receivers' ctfs 1927—F&A Pittsburgh & Shawmut— 1st s f g 5s 1959 ---J&D f i5i% P 8 & L E 1st g 5s 1940 A&O 103% Cons 1st g 5s July 1 1943—J&J Pittsb Term RR & Coal— 99 1st g guar s f 5« 1942 J&J 97% Pitts Va & Char gu 4s 1943 M&N Pitts & West Va Ry— 1st m 83 Gen lien g 3s Jan 2047 Q-F Ref & imp 4%s 2047 ser A_ J&J Ref & imp 6s 2047 ser B—J&J . 100% Ry— 1935 series A—F&A 1935 ser B F&A Seab & Roanoke 5s ext 1931-J&J Seacoast RR of N J 5s '48--A&O Shamokin Sunbury & Lewisb'g— 2d 6s gold July 1 1925 ext at 5% to July 1 1945 J&J Shrev Bdg & Ter 5s '55 gu—F&A Sierra Ry of California— 1st s f 6s g Apr 12 *37-A&O 12 Sioux City & Pac 3Mb 1936 —F&A Somerset Ry 1st & ref 4s '55-J&J 1st M 4s July 2 1950 -J&J South Bound RR 1st 5s 1941A&0 S & N Ala cons M g 5s 1936-F&A Gen cons gu g 5s 1963 A&O So Pac Coast 1st g 4s 1937.-J&J Southern 111 & Mo Bridge Co— 1st M g 4s 1951 M&N South Indiana 1st g 4s 1951--F&A So Pacific Branch L 1st 6s '37 A&O Southern Pacific Co— Coll tr 4s (O P) Aug 1 '49 J&D 1st 4%s (Oregon Lines) A Seab-All 103% 11* Eqtr 4 %■ Jan 15*32-40 (s-a) J&D Atlanta-BlrmiDgham Div— 1st g 4s May 1 1933 M&S 109% Gold 4s Feb 1 3% M&S 4%s 1950 series O 3.75% 2d 6s guar 1934 J&J Nor Maine Seaport 6s 1935-A&0 Nor Ohio 1st gu 5s g 1945---A&0 Northern Pacific— Prior lien g 4s Jan 1997 Q-J m *4.30% 109 _ Pitts Shaw & N—1st g 5s *49 3§~ Interest red to 4%% 1st 99% 98% 98% 95% 102% 3 12 5% secured notes 1931—F&A Equip tr 6s (s-a) 1932-37-F&A Eq tr 5Ms 1931-1932 (s-a)A&0 Eq tr 5s 1932-1940 (s-a)„J&J _ J&J J&J J&J Eq tr 4%s 1931-'32(yr) F&A16 Eq tr 4 %s 1932-'40 (yr)M&S16 99 J&J 26 . 99% 98% Gon M 4%s 1977 ser Pitts & Lake Erie 97 M 30% I960-A&O Stamped 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 104% 104 O—J&J 4s ser G 20 102% 108% 108% 4s ser F 1953 do 102 102% J&D 1957—M&N do 4s ser H 1960—P&A do 3MsserE 1949—F&A Gen M 5s l1 1970 ser A J&D Gen M 5s 1975 ser B A&O do Eq tr 6%s 1931-35 (yr)— A&O 100% Northern Central— Gen & ref 5s 1974 ser A 1963 Pitta McK & Y 6s 1932 104% 101% ,M&N A&O Northeast of S O 6s 1933 WA 74 88 M N & W Ry 1st con 4s '9G--A&0 Dlv 1st lien & gen g 4s July 1 1944 opt Jan 1 1929 J&J N & W Pocahontas 4s '41-J&D Eqtr4%s 1932 (yr) Eqtr 4%s 1932 (yr) Eq tr 4%s 1932-'35 106 do 42 1st gen g 5s 1954 opt J&J Norfolk Ter 1st gu 4s 1961--M&N Norfolk & Western Impt & exten 6s 1934 82 101 Norfolk Southern— 101% 101M 101% 103% M&N F&A 4Mb ser J 1964...M&N 4s ser D 1945—M&N do —A&O Sav & States 1st g gu 5s 1953. J&J Scioto Val & N E 1st 4s 1989 M&N Seab Air Line 1st g 4s Ser C 1942 Ser I 104% 1942 s 1st M g 5s 1934 1932—A&0 Con g gu 4%s ser A 1940-A&O do Ser B 1942 A&O 77% 101% 1st M 106 St Louis— Pitts Oin Chic & Registered $5 DOOeach N Y Westchester & Bos Ry— 1st M g 4%s 1946 guar J&J Nord Ry s f 6%s 1950 A&O gtd 4s M&S f 5s July 1 1937—J&J Sav Fla & W 1st 6s 1934 A&O 1st g 5s Sault Ste Marie Bridge— 24% 23% 102% 1947 J&J Youghlogheny— 95 Ask. Santa Fe Prescott & Phoenix— Debenture g 4s 1932 A&O Philippine Railway— 1st p 4s 1937 s f opt gu—J&J Pine Creek guar 6s 1932 J&D P B & L E con g 5s Bid Bonds Ask. Bid. & Bait- 98% N Y & Put 1st 4s g 1993 N Y Susq & Western— 2d mtge 4%s 1937 Gen mtge 5s g 1940 101 Wilm and Income and defaulted bonds where marked "f Bonds Phlla New York Ontario & Ref let g 4e June Ask. except S'amped as to Dec 1930 int Ctfs of dep Rtpd as to Dec 1930 In* 1st ref gold 4s 1952 A&O London, n Nominal, s Sale price. 94% 97 61% 66% 61% 61% 39 "4% EAILEOAD SOTICB.—All bond prices Bonds and Stocks. Union Pacific— 1st ry & land gr 4s Bid BONDS "and interest" except where Ask. AND marked "f Stooks. g 1947—J&J 40-year 4%s 1967 40-year 4s 1968 E q tr .4 %s *32-'38 (yr) J&J J&D M&N 100% 101 United N J Kit & Canal Oo— General gold 4s 1944 M&S 94 4.05 4.05 4.05 4.05 3.75% 3.75% 3.75% 3.75% 103% 104% at 4% to '33-J&J Ofclca Clin & Bing 5s 1939 —J&J Vandalia RR— [)d com. 0d Belgian Nat Rys Oo American shares partlc pref. Series B 1957 „ Vera Cruz & Pacific RR— 1st gold 4%s 1934 opt July 1924 coupon on 99% 101% 53 . . . M&N 96% 75 5% '40--M&N Gen 5s May 1 1941M&N Virginia Mid gen 5s 1930—M&N J&J A&O 95 52 63" 1st M. gold 5s 1962 opt—.M&N 1st m 4%s 1962 ser B—-M&N 104 100 105% 4%. 99 Ref & gen 5%s 1975 A-.M&S Eq tr 6s 1932-'35 (year).J&J15 Eq tr 4%s 1932-42 (yr) A&O Washington & Vandemere— 1st 4%s 1947F&A West Jersey & Sea Shore— Consol gold 4s 1936 -J&J Cons 3 %s g aeries B 1936—J&J West Maryland 4s 1952 A&O 1st & ref 5%s 1977 ser A-J&J West N Y & Penna 5s 1937..J&J Gen mtge gold 4s 1943 A&O Income g 5s Apr 1943.—Nov 1 Western Pacific RR Corp— 1st M 5s 1946 series A M&S Eq tr 5%t 1931-38 (yr)._J&D Cayuga & Susq (guDL&W). Wheeling Term 4s 1940— -F&A White & Black River Valley— 1980 3 0 78 0 4.25% 0 79 80 73) 62 J 61 63 Chicago & 1939 65 0 0 9l" 0 D 92 "% % Y & Harlem Preferred Oleve & Pitts (guar Pa RR)__ Betterm't stk (guar Pa RR) 109 N Y Ontario & Western 100 64% 109% 11% forfolk & Western Ry 100 100 100 135 100 Adjustment preferred 26 60 50 78 97% 99 76% 77 4.75 4.25% 91% 91% 80 5% 8% Columbus & Xenia (guar) Conn & Pass Riv pref 136 65 36% 134% 73 M118 65 50 250"" 109 68 107 109 Dayton & Mich com (guar) Preferred (guar O H & D)_. alaware & Bound Br (guar) .3 Delaware & Hudson Co 1 Delaware Lack & Western hila Germ & Norris (guar)— 2% 10 _ — Preferred (guar Nor Oent). Erie & Kalamazoo (guar) Erie & Pitts (guar Pa RR)... 3 28 3 )d 20% 75 3d 65 12 39 Preferred Alabama & Vlcksburg 50% 180 Prov & Worcester (guar) Railroad Securities Co— Pref without warrants $40 warrants Allegheny & West (guar.) 40 24 140 Ann Arbor common Preferred Atch Top & Santa Fe Preferred 17 100 100 115 x 150 105% Atlanta Birm & Coast pref 95 100 Atlan & Char Air L (guar) 185 100 Atlanta & West Point .100 50 Atlantic Coast L Co of Conn.. 50 d 90 Atlantic Coast L RR com 100 88 Atlantic 1st leased lines Augusta & Savannah b Basis. / rent tr— id 73 (guar)..100 96 255" 50 mmm 34 65 43 42% + 137 159 160 160 160 Dividend obligations— 6% guaranteed 100 —100 7% guaranteed 100 sell & Genesee Val RR 100 Rome & Clint (gu D & H)„100 m */i 65 46 65 Rutland pref . 85 80 26 100 i. 22 120 31% 26% 80 ! 2nd preferred C Louis-San Francisco Ry 6% preferred - 100 59 100 100 15% 27% 69 13 Preferred 34 110 ...100 m)-ioo 109 % % i—100 — 100 205 3 ) 36 39" )x 65 76% 3 Preferred 100 Mob & 100 Ohio «t,k tr ctfs 42" 41% 18% 51 14 25 21 3 H art ford & Conn Western.... 70 82 Huntingd & Broad Top Preferred v Convertible preferred-. & Pacific - 20 46 t c 3d Illinois Central ] 100 100 55" & Gr'busb (gu NYC) unnel RR of 8t Ixniis 50 100 100 100 120 152% 84% 43% 3 80 58% 63 228 90 .100 106 118 80 Stk tr ctfs—See RR Securs Go Preferred. 100 — ' 85" ) 6% d d 23 J 23 J )x 7 5% 30% 155 110 118 26% 47% 152 Lackawanna RR of N J. 99 192 d )d Little Miami original guar 92" Spec guar betterment stk— 8 22 38 2% ) 120' 80 65 115 25 42 23% 106 Preferred __ 3 ) 100 218 —- 52 !L exas roy 23 51 « 18% ) d v t c. 75% 27% .100 ,0mm mm mm 3 175 125 27 51 88 90 40 42 — Com vot fr certificates ^abash Railway Preferred A - 11% 100 100 20 100 barren N J (guar D L & W). 50 festern Maryland Ry com__10£ 20 Preferred B 1st preferred 2d preferred Western Pacific RR Corp Preferred 100 100 100 7est Jersey & Sea Sh—Com. 60 Wheeling & Lake Erie Ry 100 d 94 98 Prior lien stock )d 43 46 Preferred 65 11% 62 100 7% 6% 100 100 4 11% 7% 13 60 50 Bo" 78 99 T|his price includes accrued interest, 84 50 100 Preferred d d 100 100 100 159 50 2d preferred 50 Rensselaer & Saratoga (guar) .100 Rich Fred & Potom—Com 100 80 1 3 5 100 64 155"" 4% 111 Cent stk ctf 1952—1000 aading Company 50 1st preferred 50 43 3 2 96 32 35 119% 53% 12 Georgia RR & Bank Oo (gu)_.1003 Georgia Southern & Florida-.100J Par 100 56% 50 Great Northern Ry- Albany & Susquehanna (guar) 100 210 Alleghany Corp 6 (t) d Pref (with $30 warrants) 100 21% Pref (with $40 warrants)—.100 16% J d 130 90 ) 106 48% 50 ttsburgh & Lake Erie ttsb McK & Yough (guar).. 32 3 3 50 29% Pitts Ft W & Chic com (gu)—100 Preferred (guar Penn RR)._ 100 3 35 75 125 50 35 5 27 38 88 3 175 3 117% 3d 52% 5 d 41 ) 18 yd 120 3 76 3 5 3 10 3 % 3 % 3 d 63 )d 42 )d 62 ) 19% 97 100 100 23 44 225 Preferred. 34" , 100 100 100 com Prior preferred 45 44 Marquette Ry Preferred.. 45 3 d 3d — 101 ere nion Pacific—Common com 77 5% 79 ) 94 100 77 43 25% 57 . , Preferred Alabama Tenn & Nor 85 75 Peoria & Bureau Val (guar)-.100 "II 157% 3 3 Preferred. 53% 100 J J) 102% 65 d LOO 50 50 50 3d 115 3 90 43 50 d 50 d 90 50 27 96 65 3 99% 101% 3.70% Sup & Dul Div 4s 1936—M&N 56% 58% Worcester Nash & Roch—See Bo ston & Maine ■ f g 5s 1936-J&J / 2d 5s 1936 J&J / Ala Great Southern com 108 35 105 d 3d Yosemite VaJ RAILROAD STOCKS. 89% 50 225" 3 92 50 163% 90% 100 ) 3 104 96 120 50 4 77% 88% J&J 155 50 6% 0 3 98 96 Winston-Sal em Terminal Oo— 1st M gold 5s 1966 A&O Wis Cent Ry—1st M g 4s '49 J&J 35% 100 (gu) com 7% preferred 175 15 75 36 70 60% 3 East Penna (guar P & R) Elmira & W'msport (guar) 1st & ref 4s 1959 A&O Marshfleid & South East Div pur mon 1st g 4* 1951._M&N 6% preferred i % 8% 25% 96% Winston-Salem Southbound— 1st gold guar 4s I960 36% 35 15 3d J&J Wilm & Nor 1st 5s 1927 extended at 4%% to 1977 J&D Gen g 5s Aug 1 1932 Q-F Wil & Wei gen g 5s 1935 J&J Gen mtge g 4s 1935 J&J ' 175 3 95% 100% 4.50 130 94 ew Orl Texas & Mexico 100 73% New York Central RR 100 Dividend payable in London.. Id 85 27 Y Chic & St Louis com 100 48 48 6 25 0 Wichita Falls & Northwestern— 1st 5s Jan % —100 60 73 90% 96% 84% 50 100 'ew London Northern.--—100 'ew Orleans Great North 100 48 0 77% 85 Ohatt & St Louis 2d preferred-——-'. 92 % 165 3 63 21% 61% 65 40 79 0 Preferred Chic Milw St P & Pacific- J&J 1st & ref g 5s 1940 opt J&J Wichita Union Terminal Ry— lstggu4%s 1941 opt M&N Wilkes & K 1st g 5s 1942—J&D W11I& S F 1st 5s g 1938 J&D Wilm & Newb 4s 1947 F&A iv . 0 SP 95 Wheeling & Lake Erie Ref gold 5s series B 1966.M&S 0 4.25% 84 13 50 0 82 91% §5" Eq tr 6s Jan 15 1932-35 --J&J 0 100% 1990—A&O RR— 1st consol gold 4s 1949—-M&S Ref M 4%s series A 1966.M&S Chicago & Alton RR. 0 4.60 4.60 91% g 24% 77 88 4b 46 0 45 0 163 )d 35% 5 d 34% 100 76 West Ry of Ala 1st 4%s *58 A&O West Shore 1st 4s 2361 J&J W Side Belt 1st g 5a 1937..M&S W Va & Pitts 1st 4s 30 63 25 d d d 3 0 3.80% 3.80% 102% 81" 1954.J&J 28 60 101 4.25 5 - 100 Birm pref (guar) : 100 Mobile & Ohio—See Southern Ry ris & Essex (guar) 50 98% Oatawissa RR—1st pref (guar 102% 100 . 6% Mobile & ---- , 0 102% 4.25 _ 4* 10% 25 Preferred mm Common stamped 5% QQ 100% _ 1st 5s com Railway— Washington Co Ry 1st g guar 3%s Jan 1954 op 1924 J&J Wash Terra Co—3 %s 1945—F&A 1st gold 4s 1945 guar F&A • 5% d 0d 5 d 0 Id 94% Caro Olinchfleld & O 58 100 io-Kan-Tex RR com..-(no pt Preferred 100 3 65 25 50 100 4% leased line ctfs Mississippi Central- > , 0 5 100 Ref & gen 5s 1980 ser D__ A&O Warren 1st refg 3%s 2000—-F&A Wash Cent 4s Mar 1948 Q-M Wash & Colum RIv4s 1935--J&J 9 37 100 100 100 1,025 d 30 50 Preferred. 176 0 2 „ Det & Chic ext 1st g 5s '41 .J&J Des M Div 1st g 4s 1939--J&J Toledo & Chic 4s g 1941—M&S Omaha Div 1st 3%s g *41.A&O Wabash Ry— Ref & gen 5s 1976 ser B—F&A Ref & gen 4 %s 1978 ser C_ A&O 1 50 100 100 48 . ) d Vlcksburg Bdge & Term Co— 1st Ms f 6s 1958 M&S Vlcksburg Shreveport & Pacific— 2d gold 5s 1939—F&A Deb mtge 0s series B 1939-J&J 1st lien term gold 4s 88 120 1I» 1 3 Eq tr 4%s 1932-1940(yr)_.J&J Eq tr 5s 1932-1938 (yr). .M&N Wabash RR-lit g 5s 1039-M&N 92 80 Preferred stamped. J&J July 1913 coupon off 1st gold 4%s 1934 assenting... Vermont Vail 1st 4%s 1940--A&O Virginian 88 f d 50 100 Minneapolis St P & S S M—100 61 103 « 68" d 650 50 102" Minneapolis & St Louis 101% . 1st preferred A stamped 1st preferred B stamped.. 1st preferred O stamped-. 100 100 — Preferred Mlnehlll & Schuyl Hav (gu)-. 99 Prior pref Louisv Hend & st L pref Louisville & Nashville. Mahoning Coal KR Pref (guar L 8 & M S) Maine CentralMaryland & Pennsylvania Massawippi Valley Ry Michigan Central Midland Valley com 3 Bid. Par. 44 Lit SchuylNavRR& Coal(gu) 50 d 120 Louis & Mo Rlv pref (guar)—100 Preferred 0 89 90% Va & Southwest 5s 2003 1st cons g 5s 1958 76% 45 32 3 0 F&A Pr lien 6s '15 ext *88 75% 182% 3 f Cong 4s 1955 series A 68 57% 42 d . . 67 53 108 0 bonds. Stocks. 48% 0 Gen 1st g 3%s Mar 1 '51-M&S Utah Fuel—See Ind & Mlsc Utah & Northern— 1st 7s '08 ext Bangor Aroostook 93 % „ „ 98 112% 101% defaulted Ail 48% D 97 110% Ij}q 4%s Sept 15 '31 '39-M&S15 Eq tr 5» 1931-*37 (yr) M&S Eq tr 7s 1932-'35 (yr) J&D Onion Terminal Co (Dallas)— 1st g 5s 1942 opt 1922 A&O 0 81 STOCKS and income and Bin •. Bait & Ohio—Common. 1st & ref 4s June 2008 M&S 1st & ref 5s June 2 2008--M&S „ are k Last sale. I In London, n Nominal sSalo orict >t H)x-rl«hts t No par value. 1,125 where marked NOTICE.—All bond prices are "and interest" except Stocks and Bonds. Bid. Par. Stocks and Bonds. Ask. "I" and income and defaulted bonda. Per Federated Capital Oorp com ABO Trust shares. Series D New units Series E Aldred Invest Tr 4)4s Dec Preferred 1967— 4)4s 1968 All America Investors Oorp A First Custodian Alliance Investment Oorp (t) Allied Int Investing Oorp com_(t) First Amer Oorp com First Invest Co of N H Fixed American British & Oont $6 preferred Glass B 5s 1943 Amer. Oompogit Trust Shares 2X 6X 654 5)4 73 General American Shares class A. 20" 23" General Equities class A General Public Service com 12" 1254 '3)4 "3)4 ~3X .... 170ths Amer Investors Inc com B Preferred.. Associated Stand. Oil Shs Atlantic & Pac Int com w w Preferred w w Scrip . (t) com Warrants. Aviation Sec Oorp ofNE Preferred d (t warr—(t) International Investing Corp..— Capital Administration Int Sec Corp of Am com A 6)4% preferred 6% preferred Alio tmen t certificates s Secured gold 6s Secured gold 6s Chain Store Shareowners (Chic).. Chain & Gen'l Equities Inc...... Secured gold 5s Secured gold 5s 0H%pref Investment Co of Chartered Investors Preferred.. vestment Evest FundTrust of N of J N 16)4 Without warrants 2)4 Continental Shares (t) Jackson & Curtis Invest Trust— —100 45 Jackson & Curtis Sec Corp 65 Joint Investors class 65 4)4 20)4 (t) ..100 24 100 Corporate Trust shares Corporation Secur Co of Chicago Common. (f) Credit Alliance class A Orum & Forster Inc B 4)4 1454 5 29 104 X 8% preferred 10 29 7% preferred 100 Cumulative Trust Shares Deposited Bank Shares ser NY Deposited Insur Shs ser A Deposited Bank Shs N Y ser A. Devonshire Investing 99 Orum & Forster Insursh B Diversified Trustee Shares A 15 X 7 33 107 32 6)4 5)4 5 5 101 6)4 654 554 554 309, 14 54 C shares sIuirGS Eastern Utilities Investing Oorp— Common A .(t> 754 Deb 5s 1954 with warr M&S 15 Elec Shareholdings Oorp com_(t) 58 M P 2X — (t) 13 „ „54 7 5 2 54 58)4 13 X 40 42 ,✓ B Series O _ —— Low-Priced Shares Major Shares Corp Massachusetts Investors— Metal & Mining Shares com__(t) Mohawk Investing Corn .... Mutual Investment Trust Mutual Management com....... Nat Industries Shares 27)4 75 100 50 8254 82)4 16" National ft) Investors Nat'l Short Term Sec com 2734 454 Jfc Last sales, s 71 86 85 5 7 Class C. 35 Class D 654 554 854 754 6 —(t) t New stock. 2)4 B 9 8)4 23 (t) (t) Investors Trl-Oontlneutal Corp 0% cum pref Third National Warrants "654 Trustee Stand Invest ser Class D 100 10 45 6)4 4)4 AX 654 4)4 26 X 54 40)4 454 - 454 454 Series B 454 654 4)4 2854 1)4 42)4 554 254 6)4 5 354 3)4 4)4 A— *•»»«»•• Trust Shares of America Twentieth Century Fixed Two-Year Tr shares 5 8 O Trustee Standard Oil shares 2 8)4 91)4 100 74 — 554 5)4 A 71 — 5)4 33 X (t) 50 Trusteed NYC Bank shares—— 5 Tr 18)4 _ 5 X United Fixed Shares United Founders common 454 (t) 5c 1-70th 10)4 United Bank Trust 8 United Insur Trust? U S & British Internat class A. ( Class B —( °54 Preferred --( 34)4 Deb g 5s 1948 U S Elec Light & Pow Trust ctfs ser B M&N tr ctf A— war(t) Warrants. "954 16)4 6 50 Class B North American Trust shares No Am Utility Securities com (f) Oil Shares units. Old Colony Invest Trust com_(t) Debenture 4)4s Feb 1 1947.... Debenture 434s Dec 15 1952 554 454 58)4 3)4 Trusteod Amer. Bank shares 35 154 7)4 654 94)4 1 2 14 7)4 70 70 U S & Foreign Securities com_(| ) $6 1st preferred (t) U S Overseas com with war—(t; Certificates of deposit U S Shares O 3 - 69 71 28)4 30)4 6 7 3 4)4 4)4 3)4 7)4 78)4 81 25 X 2554 10)4 F 95)4 6 454 78 — 74 Securities __ 79)4 s 74 95 5)4 3)4 18 8)4 4% 3054 154 20)4 71 954 , 77 71 854 35)4 9 554 754 6)4 Class B. 25 75 20., with warr.. $1.20 preferred $3 cum conv 1st pf Super Corp of Amer class 92 75 70 22 (t) Sterling Sec com A Common 70 4)4 State Tr Invest Corp 93 "754 14)4 30 (t) • 1354 7)4 no $3 preferred allot certificates. Spencer Trask Fund Inc (t) Standard Amer. Tr. sharesStandard Coll Trust shares Standard Corporations Standard Holding Corp cl A—(t) Standard investing Oorp oom_(t) Class B 6 2X 55 55 s s F&A 15 Standard Oil Trust shares A 76 mm> — 454 "7)4 Ex-warrants 5)4 M&N North & South Amer Corp cl A (t) Price per share, not per cent, .. Deb 5)4« 1939 P.W -fl I vrldAn/l t No par value. 4)4 5)4 254 Shenandoah Corp common—(t) Convertible preferred 50 Southern Bond & Share— Common A (t) $5.50 preferred 88" 83 1952 1952 6s with warrants 20 93 1942 - 5s U S Elec Pow Oorp com w A__(t) National Trust Shares Nationwide Sec Co tr ctf B New Bedford Invest Trust 4)4s Deb 5s Mar 1 1937 National Re-investing Corp Niagara Snare Oorp (Md) Oonv deb 5Xb 1950— 74 4)4 Series 55 (t) (t) Common B 7 6)4 2654 67)4 N Y Bank & Trust Shares— 7054 26 X Equity Trust Shares A pref. A (t Convertible preferred -5< Leaders of Industry—Series A New Jersey Bankers 12 X 4*16 B shares pref with warr Equity Oorp com. Preferred Investors Trustee 18 Debenture 5s May 1 1942 Without warrants conv (t) Y coll A_ Invest Trust Associates com—(t) Investors Equity common (f) Debenture 5s series A 1947 Deb 5s ser B 1948 with warr. Commonwealth Trust Shares Consolidated Trust Shares.. $6 100 7% preferred Chelsea Exchange Oorp cl A Glass B Colonial Investors shares _ 1054 J&D of Amer— 1933 1943 1933 1943 Am com (t) Chain Store Invest Oorp new Preferred Continental Shares...... Preferred B Convertible preferred. iox X, .... Debenture 5s 1947 Century Trust Shares Preferred Shawmut Bank Inv Trust Internat Securities Tr Glass B Metropol Oorp Continental Secur Oorp com ft) (t) ...100 100 Shawmut Association 20)4 Internat Germanic Trust 0% cum pref ser A 50 5s series A 1953 with warrants. Without warrants Oent Nat Oorp class A "E" 45)4 19)4 (t) 31)4 7)4 18)4 654 Common B :::!*! 62 4.10 3 Basic Industry Shares Beacon Participations Inc A British Type Investors. Glass B 8 —— "3)4 Prior preferred Allotment ctfs (unstamped) Allotment ctfs (stamped) 18 3.70 Insuranshares 1949 F&A Deb g 08 1940 B with war.. J&J Intercontinental Inv 6% units... 50 (t* Selected Management Trustee sh 60 29)4 5)4 Deb g 5s Jan ....... 54" mm • 34 Corp General com Selected Industries com s Insuranshares & $5.50 pr pref without 54 . 4 554 , ...(+) $7 first preferred. .. 6% preferred Selected Amer shares Selected Income shares 25 $0 pref 2d ser with warr ............. — "2" 6)4 (T) Bcom 20 50 Ctfs (t) Gen Mgnt Insurance Securities Co.. 10 Insult Utility Invest com..—(t) Banklnstocks Holding Oorp Bankstocks Oorp of Md cl A—(t) Glass B 10 13 10 1)4 ,SH .... Rights (expire Aug 10) (t) Oorp Bankers Nat Investing com Bankers Sec Oorp of Am 29 12)4 —- 6% preferred 50 Second Nat Inv Oorp unit ctfs(f) 18 Common new Preferred Banslcilla Oorp 1 Incorporated Investors EquitiesIndependence Trust Shares (t) Indus & Power Securities Oo-.(t) Insuranshares of Delaware A_.(t) Units Atlantic Securities 11 (t) Debenture 5s series A 1948 (t 50 29 Second Custodian Shares Second Int Sec Corp A com—(t) 13 (t) Hydro Elec Sec com --(t) 5% preferred class B 10 Illuminating Shares class A. Incorporated Investors (t) ... % 54 (t) Preferred Gude Winmill Oorp (t) ... 3)4 A(t) "1)4 Common $7 preferred Amer & Overseas pref. Amer. Utll. & Gen'l Oorp A Glass B v t c 354 30 s 3-16 + units Royalties Management A Securities $3 units 754 "3)4 (t) preferred 6% preferred 754 170M $6 units Warrants 7)4 6)4 Preferred 10 Convertible preferred (t) 26 A Representative Trust Shs (t) Guardian Investors com Oorp 2554 22 shares ..... Common B 10 Preferred (t: $3 preferred Amer Insuranstocks 24 .»«*««. Warrants (f) Guardian Investment *.'«» Public Utility Holding com w w( t) Common without warrants, (t) Preferred Amer & Gen Sec com class A.(t; Common class B (+: 15 . _ Public Service Tr shs ser $3 68)4 10 Research I nvest common $6 first preferred — Gen'l Realty & Uthties com— (t) $6 pref with warr German Credit & Invest. : 6754 — Reliance Internat Oorp com " 27)4 1)4 Securities Trust (t) Power & Rail Trustee 7 Granger Trading Oorp Green way Corp com... 140ths Bancomit . Pref. allot, ctf. 25% 1st pref— Globe Underwriters Exchange, (t) 50 5( 8% preferred 7% preferred Convertible preferred Investors. Preferred (with warrants) -.100 Deb 5s Feb 1 1952 without warr ox 20)4 American European Secur (t) Ooll tr ■ f 5s 1958 ser A J&J Amer Founders Oorp common ... Warrants 2854 General American 13 80 Phoenix Sec Corp Power & Light IX 554 6)4 m 72 3154 American & Continental Oorp- P 26 X — Class B 10C (t) Amer Cities Pow & Lt cl A pf_100 Second preferred (tv Deb 5s 1948 without warr—J&J Petroleum Trading Oorp A — Pacific Investing Corp 1st Preferred ... w—(t) 26 Overseas Securities 17 7 6)4 Fundamental Trust shares A— 70 (t) 254 12 X 10 X Warrants (t) H 554 Old Colony Trust Associates— 1st serial trust shares (t> Trust Oil Shares Fourth Nat'l Investors w ... 2)4 17" vi share Per 1*4 14 Ask. Bid. Par. share. 15" 7 (t) Series B A_. $3 preferred $5.50 prior pref Warrants. — prof A(f) Fixed Trust Shares series A com.(t) (t) F&A Deb g 5s 1953 Amer. Capital Oorp Class B Shares Five Year Fixed Trust shares— $3 convertible preferred Am Bank Stk Tr Shares :'iv; 10 Financial Investing N Y Stocks and Bonds. Ask. Bid. Par. H A 2 Universal Trust Shares Utilities Hydro & Ralls 454 Shares.. Utility Equities Corp com—(t> $5.50 priority stock—7—. Fork Share Corp x 3)4 454 72)4 1654 8 Public ^Includes street and electric Utilities railways, gas. electric, power, water, telegraph, telephone and bridge companies.) NOTICE.—All bond prints irs "and Interest" exoept where Bonds. Bid. Bonds. Ask. Adriatic Electric Co (Italy)— Extl s f 7s 1952 A&O Alabama Power 1st 5s 1946 _M&S 1st &ref 5s 1951— J&J 1st & ref 5s 1956 Bear Mt Hud 94 lst&ref 4)4* 1967 J&D 9834 10434 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A ..J&J Albany Ry—See United Trac. All eg Bellev & P—See Phlla Go 8534 Allegheny Gas Oorp 634s'43 M&N Alton & St L Bridge 7s 1947 M&N Deb 7s 1942 Alton Water 5s 1956 51 , A&O 1st g 5s 59 95 87 Deb 534s 1953 J&J Amer Elec Pow deb 6s '57 M&S 15 Amer & Foreign Power Go— 73 '? 63 62 7234 10034 Am Pow & L deb 6s 2016—M&S Amer States Public Serv— 1st 1 534s 1948 ser A M&N 10534 J&D 68 6834 8734 88 16 81 65 66 Amer Telep & Tel eg— Oonv g 4s *36 conv aft '09.M&S Ooll trust 5s 1946 J&D Deb s f 5s 1960 J&J Deb 534s Nov 1 1943 M&N Oonv deb 434 b 1939 35-yr deb 5s 1965 J&J F&A American Utilities Go— 1st lien & ref 6s 1945 Deb J&D 634? 1941 Amer W W & El 5s 1934 Deb 6s 1975 Ser A Deb 5s 1976 ser B 57 61 54 Deb 6s Apr 1 1955 A&O Berlin Elec Elev & Underg Rys— 1st mtge s f 634» 1956 A&O 4534 55 52 48 4934 58 1st & ref 5s 1940 106 J&D 90 92 101 5s March 9934 Extl 1st 75 80 Brooklyn Borough Gas Oo— Bronx G & E 5s 1960 1st J&J 84 5s Jan 11961 J&J Associated Gas & Elec Co— Oonv deb 534t 1977 F&A Oonv deb 6s 1999 97 Assoc Elect 4Kb 1953 97" 8434 9734 65 6134 6834 6634 6134 Conv 5Ks 1938 61 6134 M&N 534% notes 1932 M&S 15 Telep Co Ltd— 65 6834 67 5834 60 95 99 M&S 1942 10334 A&O Deb 534s 1955 ser A M&N II" 8834 Atchison Ry, Light & Power— 1st 5s Nov 1935 M&N Athens (Ga) Ry & Electric— 1st & ref f g 5s '50 opt '15 J&J Atl Oons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D s 434% notes Mar 15 1933.M&S Atlanta Nor Ry—See Ga Ry & El Atlanta Wat. El & Pr 5s 1943 J&J Atlantic Ave RR—See Bkn R T. Atlantic Oity El 5s 1938.—M&S lst&ref 5 34s 1954 lst&ref 5s 1956— M&N A&O Atlantic Oity (N J) Gas— 1st g 5s Jan 1 I960 opt *20- J&J Atlantic Co Wat 5s *58—AM&S Atlantic Pub Serv Oorp— 1st lien 534b 1953 ser A 1943 Deb 6s F&A/ F&A / Aurora Elgin & Chicago RR— 1st & ref g 5s 1946 opt J&J A E & O Ry 1st g 5s '41 A&O 15 Bait & Ann 8 L—See Md El Ry ^ 1st lien & ref 6s *47 ser A.M&N Oonv deb 534s 1930 J&J 8834' 1950 1st 97" Falls 10334 94 !g434 96 70 J&J 10134 9734 10434 -1— 10134 10134 r RR. 8234 98 10734 10134 102 95 95 r 85 r 105 r 105 r 105 94 urlington (la) Ry & Light— 1st s f gold 5s 1932 opt—_M&S utler Water 5s 1957 A A&O utte El&P 1st s f 5s '325l J&D California Electric Generating— 1st s f g 5s '48 op aft *12—M&S — ^aUary Power 1st 5s I960-A&O alifornia Gas & Elec Oorp— Gen & col tr s f g 5s 1933-M&S Unif & ref g 5s '37 op s f_.M&N " 180 195 105 106 Bangor (Me) Pow 5s 1931—M&S Bangor Ry & El 1st 5s '35—J&J Baton Rouge Electric Oo— 1st mtge 5Ks 1954 J&D 1st M 5s 1959 ser B ..F&A 100 10034 101 102 Deb goid 534s 1942 a!\i Wp 104 Sou outh Chicago Ry— 1st M rehab g 5s *27 op '12F&A 89 k Last sale, of deposit n Nominal r 8934 10554 10634 86 89 8034 84 90 93 98 104 105" 101 102 9334 10034 9234 101 100 101 1st & ref 5s 1968 ser G...M&N 1st & ref 434s 1981 ser H Oent Indiana Gas 5s 1931..M&S Ref mtge 5s 1957 M&S .... 9334 9334 9234 Central Indiana Power Oo— 1st & ref 6s 1947 ser A J&J Oent MainePr 5s '39 op '19 M&N 1st & gen 6s 1942 ser B J&J 9934 104 107 1st & gen 5s 1955 ser D—_J&J 1st & gen 434s 1957 ser E.J&D Cent Ohio L & P 1st 5s 1950 A&O Cent Pow 1st 5s. 1957. ser D J&J Oent Pow & Lt 1st 5s 10434 99 9334 II" Cent Pub Serv Corp— Conv deb 534s '49 with war F&A Central Ry—See Un Ry&El 7234 7234 Central States Elec Oorp— Conv deb 5s 1948 J&J Deb 534s 1954 with war M&S15 Oent States Pow & Lt 6434 6634 6434 6634 1st M & 1st lien 534s 1953. J&J Central States Utilities Corp— 10 yr sec 6s 1938 J&J Central Traction—See Phila Oo Oent Vermont Public Serv 63 64 30 35 1st & ref 5s 1959 ser A A&O Oentral West Public Service Co— 1st 1 coll 534b 1956ser A._M&N Series B......... Series O Charleston Cons Ry Gas & El Oonsol gold 5s 1999 M&S 104 75 75 75 98 Ohattanooga Ry & Light— 1st & ref g 5s 1956 op '16„M&N 102 Ohatt Rys 1st cons 5s '50.M&N Ohes & Pot Tel of Va 5s '43.M&N Chester Water Service Oo— 1st 434b 1958 series A Ohic Aurora & Elgin RR— 1st & ref 6s 1951 98 10434 64 73 9034 91 8134 80" 4934 , 111 Oolltr s 245" 10534 10534 80 85 1 5 106 10534 90 91 40 26 28 28 62 62 f M&S 106 9634 / - Certificates of deposit-_ / mon 4r-5s Feb *27 oDt.J&J / Certificates of deposit / Adj inc 4s Feb 1927 opt...May / Certificates of deposit / Chicago Rapid Transit Oo— 1st & ref 634s 1944 J&J 6s 1947..-J&D J&J Deb g 5s Apr. 1958 A&O Deb g 5s 1963 with warr.M&N Without warrant 10134 10534 ... Deb 5s 1969 with warr...M&S Conv deb 5s 1950 J&D 10534 10334 9934 Cities Service Gas Oo— 1st M Citizens s 56 34 1334 11 105 10134 9654 105 100 8334 88 5934 58 58 58 62 6134 6734 82 Gas J&J Sale price. 78' 7634 (Indianapolis)— 1st & ref gold 5s 1942 61 Canadian price 60 pipe line 6s 1943 Cities Service Power & Light— Deb 534s 1952 M&N Deb 534s 1949 J&D 61 62 $4 6034 28 28 11 11 15 15 8 8 pipe line 534s 1942.M&N Cities Service Gas Pipe Line Oo— 1st M 9934 10434 5934 5934 A&O J&J Cincinnati Street Ry— 1st m 534s Apr 15,'52 ser AA&O 1st 6s 1955 ser B A&O Cities Serv deb 5s Jan'66.—M&S 96 104 9834 43 3834 78 A Feb '27. A&O / Certificates of deposit / Series B Feb 1927 J&D / 1st ref 6s 1947 series A So Gov & Oinc 6s 1932 10434 9534 67 J&J opt _F&A / ser 26 6034 6034 9134 10134 A&O Ohris & 10th Sts RR—See NYRvs Oicero Gas gen & ref 5s 1932.J&J Oincinnati Gas & Electric— 1st M 4s 1968 series A A&O OIn Newport & Gov L & T— 10534 94 Oons M 5s Chippewa Power 10634 99 10534 35 1st & ref 6s 1953 ser A J&J Adjust deb 6s Lily 1963.— / Certificate of deposit / 104 .... 103 J&J f g 5s Jan 1 1927.A&O 1st M gold 5s 1927 Otfs of deposit Pur 12034 80 80 80 M&S Certificates of deposit / Chicago City Ry 1st 5s '27.-F&A 6% notes 1932 Chicago Railways Oo— 8234 10434 Chicago Oity & Connecting Ry 1st & ref 6s 1955 ser A 1st & ref 534b 1956. ; Certificates / This price Includes accrued interest, 10134 8634 1st & ref 5s 1951 F&A Cent HI Light 1st & ref 5s '43A&0 Central Illinois Public Service— 1st & ref 5s 1956 ser E„ _M&N 1st mtge 434s 1967 ser F..J&D 1st M 434s 1970 l8t 58 1943. A&O alif Water Service 5s 1958-A&O alumet Gas & Elec Oo— 1st & ref 534« I960 ser B..J&J - 103" A&O 105 106 Deb 534s 1935 A&O Ohic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J alifornia-Oregon Power— 1st & ref 6s 1942 ser B__..J&J 1st & ref 534s 1955 series O F&A 105" M&S Certificates of deposit Ohic Dist Elec Generating— 70 77 45 110 1st & ref 5s Jan 1957 Cent Ills Elec & Gas Oo— . Power— 1st gold 5s 1942 F&A uffalo Ry—See Internat Ry— urlington (Vt) G L 5s 1955.J&J 10434 10534 10434 .... II r<£ 5s April 1 1939 Gen & ref 5s 1956 ser A..F&A Gen & ref 434s 1981 F&A uff & Niag El L & 102 104 97 106 10234 Bangor Hydro Elec 5 34s '49.M&S 1st lien & ref 5s 1955. J&D 101 10434 10434 10034 r First lien coll trust 6s '46-M&S First lien coll tr 534s '46.-J&D 3-yr 534% note 1933 F&A Oent Hud Gas & Elec Oorp— 85 40 10434 10034 1st 1 & coll tr 5s 1948 ser A F&A Oent Crosst'n RR—See N Y Rys. Cent Dist Telep 1st 5s *43—J&D Central Gas & Electric Co- 79" Oorp— Stamped Deb 5s 96 55 104 J&J 1st gold 4s Jan 1 1951-J&J iklyn Un Gaslst cons5sg'45M&N 8434 B 8p Pt & Ohes—See Un Ry & El Bait Traction—See Un Ry & El 6 Basis A guaranteed Nassau Elec 1st 5s 1944.._A&O 78 Oonv deb 6s 1941 M&S Oonv deb 534s 1944 ser O.M&N Associated Telep & Tel eg Oo— ser Stamped guaranteed Kings Oo El 1st 4s 1949--F&A Associated 1st M 5s 1965. Assoc Telep Util 5s f 6s 1968 mtge 5s 1960 —J&D Cent Ark Pub Serv Oorp— 83 67 Oorp— F&A 034% notes 1932 F&A Brooklyn Rap Trans 5s 1945 A&O Equit Trust ctfs of deposit 1st ref gold 4s 2002 J&J 3-year 7% notes 1921 J&J Oent Un Tr temp ctfs dep. Temp ctfs dep stamped... Bklyn Bath & WE5s '33—A&O Brooklyn Queens Oo & Sub— 1st ra g 5s 1941 (stpd)—J&J 1st con 5s July '41(stp)M&N Bklyn Un Elev 5s 1950—F&A 39 64 Associated Pub Utilities Oorp— 1st lien 5s 1947 ser A J&J s 8234 37 63 101 112 10034 Bklyn Oity & New RR—See O I & Bk Bklyn Oity RR 1st 5s 1941—J&J 77 Eq tr 5s '32-*35 ser > 93 Brooklyn Edison Oo— Gen m 5s ser A 1949 J&J 107 Bklyn-Manhattan Transit Oorp 95 99 Oonv deb 434s '48 with warM&S Without warrants.. Conv deb 434s 1949 J&J 15 Con* ref deb 5s 1968 A&O Oonv deb 5s 1950 F&A 100 M&S m J&D Oarbondale Ry 5s Nov 1933..J&J Carolina-Ga Service Oo— 634 % notes *32 with warr J&D Carolina Mt Power 6s 1935-J&D Carolina P & List 5s 1956—A&O Cedar Rap Mfg & P 5s '53-_J&J Central Arizona Light & Pow Oo 103 76 93" 100 (Bait) 10234 J&J 5s Mar 6 1938 Gen & ref 5s 1967 10034 1st g 5s June 1 1947 91" 99 1950—F&A 9734 m 70 100 94 10534 96 101 95 10-yr s f 634b 1934 M&N Bway & 7th AveRR—See NY Rys Bway Surface RR—See N Y Rys J&J A&O 77 „ Ashland (Wis) L & Pow St Ry. 1st M gold 5s 1939 Ashtabula Water 5s '56 105 50 99 85 98 \21H 106 104 97 5b 1944 J&D British Col Tel 5s 1960 Broad River Power Oo— 1st & ref 5s 1954 Ser A—M&S 58 48 10034 105 M&N 91 75 Arkansas P & L 1st 5s 1956-A&0 Arkansas Western Gas Co— 1st 7s 1939 with warr J&J Arkanaaw Water 1st 5s 1956.A&0 f 6s 1953 s 9734 81 10334 10134 74 108 F&A 89 M&N 10234 10034 10034 Bridgeport Gas Lt 4s 1952—J&J Bridgeport Hydraulic Oo— 1st Ardmore St 1953..J&J 10534 randenburg (Germany) El Pr— 109 5734 4734 10434 10534 M&S M&S 1944 4s 10434 10434 10334 10834 10434 963 100 100 M&N 7s Sept 1947 Aug 1 1932 10034 104 10434 9634 100 Deb g 434s Oct 1 1937—A&O Deb g 434s Nov 1 1941.-M&N Deb g 5s Dec 1942 J&D West End St 5s 1932 M&N 5s May 1936 M&N Annap & Chesapeake Bay Pow— Ark & Mo Pow 1st 6s Deb 634s 1935 10434 Blue Lakes Wat 1st 6s *38. _M&S Boston Oon Gas deb 5s '47.-F&A Boston Elev Ry 4s 1935 M&N 60 10234 104 ser B...M&S Ry—See Phlla Go. Arizona Edison 1st 5s 1948..-J&J Arizona Pow 6s '33 opt '13.M&N 1st 1 & unif 6s 1947 ser A. M&N Gas Bloomlngton Dec & Champagne 65 102 Oonv deb 6s 1945 Y) (N 1938 Mtge & col tr 5s '51 ser A. A&O Bleecker St&FulFy— See NY Rys 109 63 9954 Berlin City Elect 634b 1951..J&D Sink fund deb 634s 1959—F&A 5s M&N 1st m 5s 1954 ser B J&D 1st mtge 5s 1957 ser O F&A Blackstone Val G & E 5s '39-J&J 1?2 A&O 1st 5s '34 A&O Appalachian Elec Power— 1st & ref 5s 1956 M&N Appalachian Power 5s 1941 J&D 7% gold bonds 1936 F&A Deb gold 6s 2024 J&J Appalachian Gas Oorp— Oonv deb 6s 1945 ser A..M&S 103 9934 Works .A&O Blnghamton (N Y) L H & P— 1st ref 5s Feb 1946 A&O Birmingham Elec Oo— 1st & ref 434s 1968 M&S Birmingham Gas 1st 5s '59 .M&N 434% notes Oct 1 1932 Birm Knox & Atl—rSee Phlla Oo Birmingham Ry Light & Power— Gen ref g 434* '54 op '09. A&O Birmingham Water Works Oo— 1st m 534b 1954 ser A A&O 10334 10734 10834 11034 107 10834 11034 13134 10834 M&N Androscoggin Elec 102 1st 103 M&N 1st 6s 1948 J&D Ana & Pot R RR—See W Ry&El. 114 - 80 Canton Elec Co 5s 1937—. 11034 112M ser Bid Cape Breton Elec Oo 5s '32.J&J Capital Traction (Wash, D G)— B—.—J&J Blnghamton 1634 10534 40 107 1 100M 30 82 10634 Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 A&O 66 28 10634 1st & ref 5s 1960 ser O A&O Belolt Water, Gas & Elec Oo— 1st g 5s 1937 M&S 6434 73 24 10634 1st Deb g 5s 2030 M&S Amer G & E deb 5s 2028 M&N Amer Gas & Power Go— Sec deb 5s 1953 M&N Secured deb 6s 1939 J&D American Natural Gas Oorp— Deb 634s 1942 with war._A&O Deb 6s 1938 , 80 10734 1st & ref 5s 1948 70\ 633* n 6234 94 70 Bonds. Camden & Sub Ry—See P S Oorp Canada Nor Pow coll 5s '53-M&N Canadian L & P 5s *49 op *14 J&J Canal&Claib RR—See NO Ry&L Canton-Akron Oon Ry 5s '33 J&J 1955 ser A —M&S lstg5s 1957 ser B J&D 1st mtge 5s 1960 ser O—M&N Bell Telep Oo of Pennsylvania— 08 9334 90 ' ' Beaver Va Tr gen g 5s 1953 M&N 1st conv m 5s 1950 A&O Bell Telephone of Canada—__ 45 84 Ask. „ Altoona & Logan Val Elec Ry— Oon g 434b 1933 gu F&A 15 Amer Commonwealths Power— Deb g 6s 1952 ser A F&A Deb g 534s 1953 M&N Oonv deb 6s 1940 M&S Amer Community Power N A&O A&O Beauharnols Power Oorp— Ooll trust a 16s 1959 w w.-A&O 8634 66 43 Bid. Riv Bdge Oo— 1st 7s 1953 Deb 8s 1953 9934 10534 10534 10434 9934 10434 10434 10334 M&N marked "I" and Income and defaulted bonds. J&J. 10234 104 PUBLIC UTILITY BONDS 84 NOTICE.—All bond prices oro "tad Bid. Bonds bonds. marked M*'' and Income and dafanltad Interest" »xo«pt «bm Ask. Bid. Bonds. Ask. Bid. Mfg Oo (Italy) 1st a f 6 Ha 1953 with war M&N Eqult G&E Utica 5s 1942-A&0 Erie Rys—1st 6s 1954 A&O Erie El Motor s f g 5s 1941 A&O Ask. Krcole Marelll Elec Citizens LH4P (Johnsfn, Pa) 1st g 5s 1934 opt 1914-—M&N 103 H Ind Tr & Ter Citizens Tract—See Ptalla Oo City Elec San Fran 6s 1937—J&J City & Sub By—See Wash By & El 103 M 104M City Water (Chattanooga)— 1st M 6s 1954 -J&D 1957 series 1st M 6s O—M&N 107 series B—A&O Oon 5s 1918— f Ext at 6% to 1933 A&O 99 M Cleve By 1st 1933 M&J Cleve Southw By & Light— 3 Gen &con 5s 1954—-—M&8 / 96 Clinton W W 1st 5s 1939 F&A Coast Cos Gas & Elec— 105 M 1st M 5s 1960 ----- M&N 108" loo" Denver Tramway Terminals 1st M g gu 5s 1932 40 6% uotes Oct 1 6 M&S June 1 1943 1953— -—-J&J 1st M col 5s 1954 ser B_—J&D 1st M col 4)4 s 1956 ser O.-A&O 1st M col 4Ms 1957 ser D.-J&J 1st M col 4 Ms 1960 ser E A&<> 1st M 4s 1981 ser F- . M&S 3)4 % notes July 30 1932 Commonwealth Utilities Corp—Conv deb 6s 1938M&N Commonwealth Wat 5Ms A 1947. 1st M 5s 1956 ser B———F&A 1st mtge 5s 1957 ser O—-F&A Community Power & Light Oo— Col M 5s 1957 M&S Community Water Service Co—Deb g 6s 1940 ser A J&D Cones toga Trac 1st 4s 1950—J&J Coney Isl & Bklyn BB 4s *48-J&J Consol gold 4s 1955 —J&J B O & N 1st cons 5s 1939--J&J Conn Light & Power— 1st & ref s f 7s *51 ser A—M&N 1st & ref 5Ms 1954 ser B--F&A 1st & ref 4J4s 1956 ser O—J&J Connecticut Power 5s '63—A&O 1st & coll trust 5s 1956 J&J Conn By & Lt 4)4s 1951 J&J Stamped guaranteed optional— Conn Ltg & Pow 5s '39 .J&J Conn Blv Pow 1st 5s 1937--J&D Uonnellsv Wat 5s Oct 2 '39—A&O 99 X 99 100 985* 99 99 H 98 1st m 6s 1947 HM ©o s 1 c 99 M 99% 92 M 94 101H 100 99M 108 M 110M 112M 110M 1085* 108M 104" 102 H 104 % 102 M 94 M 100 H 100M 98 102 102 M 100 55 65" 119 108 104 M 108 110 101 % 102 M 103 101 93 67 106M 106 102M 107M 104M 98 110 ; 105M 98 M 110 107M Wks of Upper 65 107 JM 103 151945-M&S15 107M 107 M 108M 104 M&S15 s 11 2 s 12" s 63 M 58 985* 3 95 101M 55 104 M 104% s 23 s 12H 104 M ---- . Co (Mich)— '16----J&J 1st 1 & unif 5s ser C 1952. M&N 1st lien & unlf 4M* 1958_ M&N Con tin Gas & El deb 5s 1958 F&A < looperBlvBri'jre I no I stbs'SSM&N Copenhagen Telephone Co— 1st & ref 5s 1936 op - 104 5* 105 H 105M 104M 845* 104M 42 100 H By—See Uol By & Lt.. Gross St By—See Iut Tr fBufn 78M Cuban Telep conv 5a 1951 -.J&J f 5s Feb 16 1954.F&A15 107 85 45 101% 0ros8town St 105 M 1st lien & col 5s 10 25 1 106 3 105k 91 108 104 M 106 40 45 75 77 45"" 50 100% 103 M 97 98 100 101 98 M 100M 101M 102 % 102k 103 B ■V" 54 65 54 60 84 M 85 27 30 i 104M 104 H By 101M 97 96 84 86 94 H 98 75 77 91 50 60 38 105 1G6 42 104"" 103 95 98 s 98 92 60 70 70 17M 20 look 925* 93 53 102 H 105% s 105K 105 M M&N Gen&ref5sJunel5'77 A J&D15 (Germany) Elec Co— Extl g s f deb 7s 1935 M&N Hamburg (Germany) Elev Under¬ ground & St Rys 5 Ms'38 ..J&D Havana Elec By, Light & Power Gen M 5s 1954 series A M&S Havana Elec By 5s 1952.-F&A Deb g 5Ms 1951 M&S Helena Gas & Elec 1st 6s '52M&S 102 % By—Sele P 1025* 102 83 86 83 86 92 H 94 98% 99 M 94 94 M 94 H 101 91H 95 s 42 11H 48 46 16 103 WIRT & Teleg(LosAngeles. J&J J&J Oal) 1st 5s 19331st refunding 5s 1945 (San Fran) J&J 2 Home Tel & Tel of Spokane— 1st M g 5s May 15 '30 M&N 15 Houston El Co 1st 6s '35 J&D Home Long Dist Tel 1 st M s f 5s 1932 Houston Gulf Gas— A..A&0 1943 with war._A&O 1935 .M&S '53 M&S lien & ref 6s 1953 ser B.A&O Deb 6Ms Hous 102M 66 103 M s s Mountain Power Corp— 1948 F&A Greenwich Wat 4 Ms *57 ser A J&J Greenwich Wat & Gas System— Col tr 5s 1952 ser A ...A&O Col tr 5s 1952 ser B_ A&O Guanajuato Power & Elec— 5s & 6s 1932 A&O Gulf Power 1st 5« 1968 A&O Gulf States Utilities Oo— 1st M & ref 5s 1956 ser A-M&S 108 Home Telep 5s Houston Lt & Pow 1st 5s 1st 1st lien & ref 5Ms '54serC.M&S 1 st Hen & ref 4 Ms '78 sor D M <r.N 27 E.. warr.J&D 1949.-M&N Hunt'g'n Wat 1st M 6s '64 AM&S 1st M fis 1954 ser B. ..M&S m coll 6s 43 with . r Canadian price. 60 100 Green 1st M & col 6s 1943 ser 1 102) 100) 99 1942—M&N 1935 F&A of Calif— 1st ref M 6s 1952 ser O F&A Grt West Pow Co 5s 1940-J&J Green Bay Gas & Elec Oo— 1st Nominal, 98 93 H 100 H 98 H Co— Hudson Co Gas 5s « n 100 96 95 Great West Power Co 103 100 98 k Last sale, 60 102 H 1950 Host Man & Fair Pass 55" I—I B.-A&O 1st Hen & ref 4Ms 1981 ser Houston Natural Gas Corp - / This price Includes accrued interest, 60 40 50 Ltd— 1st M 6s 1932-1944 M&N Great Lakes Utilities Oo— Home Telep Tr~~ 96 25 40 87 Hamburg 102 in:)"" 52 22 99 M 1st M & ref 4Ms 1961 B...J&D Hackensack Wat 4s '52 op '12J&J 24 101 i 101; Gt Falls Pow Great Lakes Power 70 50 Empire Public Service Corp— Deb 6s 1950 w w 1950 J&J 20 84 Rapids By 1st 7s '39 M&N Great Oons Elec Pow (Japan)— 1st lion coll tr 5Ms 101M 10 90 F&A J&J 1st 5s '40 op.-M&N 75 107 60 83 H Without warrants.. 1st & gen 0)4s 97M Empire Gas & Elec and Empire Coke jt lst&ref 5s '41 opt-M&S 66 100 1st mtge 5s Empire Gas & Electric Co— Gen & ref 0s ser A 1952 J&D 105M 80 64 64 98 1st M 7s 1944 72 90M 89M 75 105M 89 M A—J&D 1st & ref 5s 1935 M&S II 107 M Great North Pow 5s J&D 6J4s 1938 Empire District Elec Oo— 1st & ref m 5s 1952 83 80 1939—J&J Northern Atlanta 90 97 60 82 100M 1st guar 5s '54 op '90—J&J Gesfurel 6s 1953 with warr.-J&D r $ 74 87 100 1943 ser A-J&D Atlanta Cons St 5s 107M 101M - 94 70 95 100 Georgia Power 1st 5s 1967--M&S aorgia By & Elec 5s 1932 J&J 98 99 K 102M 90 98 ■ 97 106 100 s A '50 A&O Oonv deb 0s 1944 ser 97 94 98 82 Grand Peop—See Phlla Rap Tran Electric Pow Corp (Germany)— 1st s f 614s 1950 M&S 1st sink fund 6 Ms 1953---A&O Electric P & L Deb 6s 2030-F&A Electric Public Utilities Oo— 15-year sec 6s 1942 J&D Ellz Plalnf & Cent J ISee Public Eliz & Trenton RR J Serv Corp. Elmlra Water. Light & BR— 1st & con g 5s 1956 M&S El Paso El Co coll tr g 5s '32. J&J 1st m 5s 1950 ser A J&D El Paso Nat Gas 1st 6Ms '43-J&D 105 104 1st M coll tr 0Ms ser 105M 105M 105M 110M Elec & 99 M 1956. J&O Oumb'land T & T 5s 1937 J&J Dakota Central Telep Oo— 1st gold 6s 1935 ..J&D Dallas Gas 1st 6s 1941 A&O Dallas Pow & Lt 6s 1949™-J&J 1st g 7 Ms 1949 ser B J&J 1st g 5s 1952 ser O J&J 1st gold 5)4s 1954 ser D _.J&T Dallas By & Ter 1st 6s 1951-J&J Danville Tr & Pow 1st 5s '41-J&J Darby Med & Ohes By—See Phlla Davenport Water 5s 1961-.J&J Dayton Ltg 1st 5s '37 op '12-M&S Conv ser 6% notes 1931—J&D General Water Works Corp— Conv deb 6s 1931 ser (111) Lt & Pow1940 J&D East St Louis & Suburban Co— Ooll trust g 5s 1932 opt-_A&O Easton Cons El 5s 1949 M&N East Palm & Beth 6s 1939--J&J Cumberland Oo (Met Pow & Lt— 88 J&J 1939 42M 100 5s Deb 4)4 s Conv deb 5 Ha Ill(Bkn)See KlngsCoEL&P Edison El 111 (N Y)—See N Y G Eighth Ave BR—See N Y Rys Electrical Devel of Ontario— 100 85 82* 107 H '35—F&A15 General Public Utilities— Ed El 103 J&D 32 notes Aug 15 33 32 East St Louis 1st 5s 1933 100 •o 30M 33 M 3M% notes Nov. 1 '31—M&N 4% notes Nov 1 '32 M&N 3-yr 5% note Jan 15'33-J&J 15 98 M Trac—. General Public Service Corp— Conv deb 5s 1953 J&J Economy Lt & Pow (Joliet, 111)— 1st m s f gold 5s 1956 J&D Edison Elec Ilium of Boston- 70 74 74 99 J&J 7s '42.A&O East Penn El 1st 6s 1953—.J&J East Prussia Pow 6s 1953—J&D E St L & lnterurb Wat 5s '42 J&J 1st m 6s 1942 J&J 1st m 5s 1960 ser D F&A lst LH&PCo (Ellz, N J)—~ 105 Gas Corp— 6% conv notes 1932 E. Kootenay Pow 1st ?rs Consolidated Water of Utica— 1st M 5s 1958 M&N Consumers El L & P (New Or I)— 1st M 5s 1930 —-J&J b Basis. 104k 104M 1948 aeries A-A&O 87 Eastern Mass Street By Co— Ref m 4)4s 1948 A J&J Ref m 5s 1948 B J&J 77 Ref 6s Jan 1948 ser C.-M&S15 58"" Ref 6s Jan 1948 series D.A&O Ref 6s Jan 1948 series E.M&N 72" Eastern Mich Edison Co— 1st g 5s 1931 M&N 121 Eastern Michigan Rys— 110 1st mtge coll tr 7s 1958-—-J&J Adj 0s 1958 J&J Eastern N J Pow 1st 6s 1949. J&J 1st m 534 s 1949 J&J 1st m 5s 1949 J&J 103"" 1st m 5s 1959 J&J Eastern Pa Rys 1st 5s 1936.J&J Eastern Shore Pub Service Co— 1st ra 5 Ms 1947 ser A M&S 1st M & 1st lien 5s 1955 B M&S Eastern Wisconsin Electric Co— 70 1st lien & ref 6s 1942 J&D 108 1st lion & ref 6)4s 1948--M&S 107 Sheboygan Elec 5s 1946--J&J East Coast Utilities— 1st coll 5 Ms 1937 ser A..F&A Conv del 6s 1933 ser A.-M&N 108" 105 Consolidated Telep of Wise— 1st M 5)48 1^42 sor A M&N Oons Tr (N J)—See Pub Ser Corp 1st 104"" 11940—M&S 0M% notes 1935-—— 67" 18SH 1938 opt 1913 A&O '37--A&O Fall River Elec Lt 1st 1945—J&J Federal Light & Traction— 1st s f g 5s 1942 opt M&S Stamped 1st lien g 6s 1942 stpd M&S Debenture 6s 1954 ser B..J&D Federal Public Serv Corp— 1st 1 6s 1947 J&D 6% gold notes 1932 J&J Fed St & Pleas Val—See Phil Co Federal Water Service Corp— Conv deb 5 Ha 1954 M&N Federated Utilities Inc— 1st lien col tr 5Ms 1957—-M&S Florida Power Corp— 1st M 5Hb 1979 J&J Florida Pow & Lt 1st 5s '54—J&J Florida Public Service Oo— 1st M 0)48 1949 F&A 1st 6s 1955 series B A&O Florida Telep 1st 6s 1945—A&O Ft Pitt Traction—See Phlla Co Ft W Van Wert & Lima Trac— 1st M g 58 1 930 guar J&J Ft Worth Pow & L 5s 1931 --F&A 42dStM&StNAv—See 3d Av By Galesburg By Ltg & Power— Oon 5s Oct 1934 J&D Galesb By & L 5s 1934 J&J Galv Elec Co 1st 5s *40 opt.M&N Galveston-Houston Elec By— 1st M s f g 5s 1954 opt A&O 6)4% secured notes 1931 — J&D 0% secured notes 1931 J&D Gary Elec & Gas Co— 1st Hen col 5s 1934 ser A J&J Gas & El of Bergen Oo 5s '49-J&D Gen 5s Nov 1 1954 M&N Gatineau Pow 1st 5s 1956 J&D Debenture gold 6s 1941 J&D 15 General Gas & Elec Corp% notes Aug 15 '31-F&A16 notes Aug 15 *32—F&A15 notes Aug 15 '33-F&A15 notes Aug 15 '34—F&A15 _ 75 '56--J&J Oon By (New HaV) deb 4s '54 J&J Deb 4s 1955 -J&J Deb 4s 1955A&O Deb 4s 1956 guar J&J s 23 104 86 H Wuerttemburg 1st 7s - -.JA;J 1st m s f 5s 102 1938 48 100 H 20-yr deb 4Ms 1951 J&D H & P. LI mlurlying cus—Bee N Y G E L Oonsol Gas utilities Co— 63 1st & coll 6s 1943 ser A J&D 56 Conv deb 6)4s 1943 ser A_J&D Extl »uquesne 1st conv 6s Mar - 5s % 94 29" . nok 103 5* 103 M 90 20 July '40 ser B.M&S 107M Gen & ref 5s 1949 series A-A&O 107 % Gen & ref 5s 1955 sor B—J&D 107M Gen & ref 5s 1962 ser O.-F&A 103 % Gen & ref 4 )4s 1961 ser D-F&A Detroit International Bridge— 9 1st m s f 6)4s 1952 F&A 8 f deb g 7s 1952F&A Det United 4)4s 1932 opt-J&J / 15" 1st m & ooll tr 6s. 1929 J&J / Det & Pt Huron Shore Line— / 1 1st gold 5s 1950 .—J&J / Dixie Gulf Gas Co— i 1st 6 Ms 1937 A with war_M&S , 93 Dominion Pow & Transmission— 100 M 1st 5s 1932 A&O Dortmund Munic Util (Germany) | 50 20-yr s f 6 M» 1948 A&O By. D D E B & B BR—See Third A?Ry. 103M Duke Power—1st 4Ms 1967-J&D Duke Price Power Co— 104 1st m s f 6s 1966 ser A..M&N 85 : 1 7% 8% 1st & ref 6s 106 105 99 M '12J&D 45" 68 1st g 5s Co— 1st & ref 5s July Consolidated 1st lien 5s 1962 stamped--J&J Consol Gas of Bait 5s 1939-- J&J Gen g 4)48 Apr 1954 A&O Oonsol Gas Elec Lt & P (Bait)— Gen g 4)4s Feb 14 1935—J&J 1st ref 5 Ms 1952 ser E M&S lst&ref sf45*» 1969ser G M&S 1st & ref 8 f 414s 1970 ser H J&J 1st & ref 4s 1981 J&D Consol Gas N J 5s g 1936 J&J 1st ref 5s 1965 A&O Consolidated Gas (N Y)— Deb 5 Ms 1945 F&\ Consumers Power b 1918—M&N series A 40" Fairmount Pk Trans 5a B A&O Detroit Edison 1st g 5s 1933-J&J 97 .—A&O Cities L P & Tr— Consum M&S 70 S 104 H 35 (of Canada) w F&A Fairmont & Clarksburg 34 97 A&O '41 69 M 105 M 43 82 Deb 0)4s 1965 w Without warrants— 1035* 32 95 J&J Oo— 1st m 5s 1950 series 94 Europ'n Elec Corp Evarisv G & E L 5s '32 op 1933 f deb 6)4.8 Detroit City Gas 99 Gold 5s 1951 Oonsol tlydro-Elec 8 A&O Erie Ltg 1st m 5s 1967 Erie & Suburban By 5« 104 Derby Gas & Elec Corp— 1st lien 5s 1946 -.-F&A >? 88 Des Moines & Cent la Elec Co— 101 S F 6s 1937 opt series A M&S 94 S F 6s 1937 opt series B. -M&S 27 M Des Moines City By 5s 1936 J&J Des Moines Elec Oo— 103H 1st m 5s, 1938 M&N Detroit & Canada Tunnel— 45 1st m s f 6s 1953 M&N Conv Col Lon & Spr By—See Ind O & E Oolum & 9th Av BR—See NYRys 1st M 5s 104M 103 M 103 M M&N as to Pa tax Tramway Corp— Gen & ref 5s 1950 ser A Colorado Power 1st M&S 72 68 "Stamped Gen M 6s 1961 Commonwealth-Edison Co— 94M 100M enver Oleve Pains & East June 1 1943 J&J 1st & ref 6s 1951 100 Columbus (Ga) Pow 5s *30—A&O Columbus By Pow & Light— 1st ref 4 Ms 1957 ser A J&J Col By 1st 4s *39 opt '14—Q-J Col St By 1st 5s g 1932—-J&J Cross St 1st 58 g 1933——-J&D 93 M 100M Light Oo— 1969 100 5s 53--M&N Columbia Gas & Elec Corp— Deb g 5s 1952. Deb g 5s 1952 A&O 15 Deb 5s Jan 15 1961 -J&J 15 Columbia (S O) By Gas & El Oo 1st M s f g 5s 1936 Columbus Dela & Marlon Elec Co 1st & ref 5s July 1937 J&J 1st & ref 6s (stmpd) 1937—J&J Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A—-J&D 1st & ref 5s 1954 ser B—M&N Columbus(O)Gas 1st 5s g '32-J&J Columbus (O) Interurban Ter Co 1st guar 5s 1935--------J&D mrn—m 104 % Clev El 111 1st 5s '39 op '24. A&O Gen M 6s 1954 series A—M&N 1st g 6s 1st g 6s M 4)4 * Co- J&J Deb 5)4* 1959 Power & Delaware 1st 102M 1942-.M&S (O) G&E 5s Defiance Delaware Elec Power Citizens St By—See s Sale price 1005* 45 55 82 83 85 83 99 103 % 105 103 % 104 105 99 M 985* 99 106 995* 83 107 102 M 99M 108 100M UTILITY PUBLIC §10110%.— Alt oooo Bonds. okIqm Bid Hydraulic Power of Nlag Falls— lstr& refuudlug5s 1950 J&J Ref «Si irnpt 6s i951 A&Q Idaho Power 1st, 5s 1947 ——-J&J 1st mtge 5s 1960 ser B 25-yr 1C424 10434 10634 9724 » 47 / 97 10424 10434 10234 10334 9724 M&S Supply Go—1st gold 534s series A 1955 James River Bridge Corp— Dob g 7s 1st 88" 34 134 40 1936 1942 Kansas City Power & Light1st 102 M 6s 45 105" 8634 75 79 Kentucky Power & Light 6o— 1st m 534 s 1948 ser B M& Kentucky Traction & Terminallst & ref gu 6s '51 opt '14-F& Lexington Ry 1st 5s 1949-J&] Kentucky Utilities Co— 1st M 5s 1961 series G F& 1st M 5s 1969 ser I J& 3 101""' 102" 10 Keokuk Elec 6s 1945- 7 10424 43 46 12 15 20 23 93 94 J&D ings Co E L & P 1st 10534 30" bonds 1955 serCJ&D _ g '32.-M&N 80" 72 77 J&J Internat Ry ref 5v '62 op.M&N 41 45 1034 20 interstate Power 1st W W 1951 Debentures 6s 1948. 5s Deb gold 6s 1952 7034 7034 7034 7034 57 59 9034 Lawrence (Mass) Gas & Elec— 1st M4Hs 1940 ser B F& 9434 9634 Lehigh Power Securities— s 8634 Lehigh Valley Transit— ' 9534 85" 75 32 3034 8934 Ref & impt g 5s 19( t: M&N Ry & Light fg 5s '36 opt after '15.F&A Isarco BLydro-Elec Co (Italy1st Msf 7s 1952 M&N s . ft Basis, k. Lincoln Tel & Tellst M 434s 1961 ) 94 2834 ) I 95 9624 9834 80 5 1st ref 6s 1948. 1st & ref 5s 1955 Secured g 6s 194 10034 J r ) 10124 98 99 102 103 Lorain & Clev RR—See Lake S Lorain Telep 1st 5s 1958 Los Angeles Gas & Elec 9934 88 i Gen & ref 5] Gen & ref 5 3 Los Ang G & E 5s 1934.. 103 97 90 92 73 76 100 102 63 68 Light n Nominal r 10334 104 Co— 1st & ref 5s 1955 1st & ref 4Kb 1978 104 10334 9434 96 —.J&D ..M&N 103 M&S 95 9734 Mississippi Power Co— 1st & ref 5s 1955 Mississippi Power & Light— 104" lBt M 5s 1967 7634 7634 9934 105 10934 10534 10424 10334 84 77 10524 11034 10534 Mississippi Riv Pow 5s '51.-J&J 10434 100 Mo Riv Sioux City Bdge Co— 1st s f 6s 1953 M&S 15 10334 10434 i 110 J 10524 5 11024 ) 10534 10134 Canadian 111" price. s 96 90 Deb 6s May 1 1947 M&N Missouri Power & light— 1st M 5340 1955 ser A—M&S 1st M 4J4s 1958 ser B M&N Missouri Public Service Co— First mtge 5s 1947 ser A—F&A 10634 9524 — f 6b 1944 with warr F&A 15 Without warrants 105 Elec R y' 92 89 J J&D s 85 tJLastiaie. 9334 1st M s f 7Ks 1933 F&A Milwaukee Elec Ry & Light— 107 9934 ---- 8 Corp— > 8 102 9634 10434 10234 J&J 1st Without warrants. 4 3 9924 9634 Mississippi River Fuel Corp 95 98 notes 1935 sale PA'We 93 2 9334 1st M 4J4s 1907 M&S Minn Gen El 1st 5s '34 op—J&D Minneapolis Gas Light Co— 1st M 434® 1950 J&J Minn St Rys—8ee Twin O'y R T Minnesota Nor Pr jt 6s 1934-A&O Minnesota Power & Light Co— 99 (Italy)- 9234 78 conv 92 34 s J&D J&D J&D J&D 1st & ref 5s 1961 ser B._—J&D 1st M 5s 1971 J&J 20 s conv notes 1934 58 10434 97 96 101 Lombard Elec Co 10524 10024 9324 A&O [Idland Natural Gas Co— Conv deb 6s 1935 10024 f This price Includes accrued interest, 5% 5% 10324 ' Little Rock G & F 9434 16 7924 26 J&D 1st g 5s 1947 ser A Ilddle West Utilities Co— 6% conv notes 1932. 5% conv notes 1933- Ry. Lexington (Ky) Tel— Iowa Southern 1st 43" Milwaukee Gas Lindell Ry—See (J: Telep Co— irouwood & Bessemer 33" M&S 1st M 5s 1956 10324 89 72 -J&J 50 Lex Ave & Pav Fy—St Lex (Ky) Ry—See Ky J no 1st & ref 5 Ha 1950 Deb 6s 1950 ser A lichlgan Gas & Elec Co— 1st & ref 6s 1943 10124 10434 10034 9824 8634 A&O 1st M 5s 1961 A&O Ilch Elec Ry 5s 1948 J&J Jack Cons Trac 5s 1934—M&N 10124 10134 70 50 7034 F&A s 60 62 10934 10034 9434 Utilities— 1st & ref 6s 1943 10334 10234 45 90 J&J 1st & ref 534» Oct 1946—M&N A 60 104 65 65 10134 ser 69 50 85 1st mtge 534sl959 M&S Iowa Ry & Lt (Cedar Rapids)— 1st & ref 5s 1932 ser A M&S 1st & ref 5s June 1946 B— J&D f 7s 1957 2 72 84 1st 1 & ref 5s 1961 ser B—M&S s 20 Lake Superior Dist Pow— 8834 9034 Iowa Pow & Lt lBt 434* 1958 M&S Iowa Pub Serv 1st 6a 1957—J&D DeD 6s 1968 M&8 9934 5= 58 s 88 9424 9424 9524 104 15 103 34 J&J F&A 1st & ref 5s 1948 ser A J&J 1st & ref 434s 1978 ser O—A&O 1st M 4s 1971 ser C M&N Let 8treet Ry—See N Y Rys Metropolitan West Side "L"— 1st gold 4s 1938 F&A Exten gold 4s 1938 J&J Tol Frem & No 634s 1925— 80 7834 9024 5 1961— A&O Iowa-Nebraska Lt & Power— 1st lien & ref 5s '57 ser A.M&N 95 104 120" ak PkE lec 1st M 105 J&J 1st & ref 5s 1953 ser C—-J&J 1st M 434s 1968 ser D M&R & Elec. Roland Elev—See Un Rys Lake Sh Elec 1st con g 6s '33 J&J Gen gold 5s Feb 1 1933 F&A 35 1st & ref 034s 1949 ser B—J&J 1st & ref 5s 1956 ser D J&D 1st & ref 434" '58 ser F M&S Interstate Rys 4s 1943 10034 10124 9334 101 s 91 s Interstate Pub Serv Co— Interstate J&D A&O 1st 10124 10134 Lake 7734 1st 5s '67--J&J 1334 97 J&J M&N 10434 10134 J&J Deb 5s 1955----F&A Interstate Nat Gas 6s 1936.-J&J f 534s 1940 • 11834 624s 34 Telep & Teleg— Deb g4Hi 1952 Conv deb 434e 1939 J&J 13834 103" Buff & Lock 1st g 5s 1938--J&J Buffalo & Niag Falls Elec Ry— 1st M 5s gold 1935 40 40 40 104 Kokomo 70" war)-.J&J 98 106 80 J&J 15 International Railway (Buffalo Buff Trac 1st 5s 1948— -J&D International 5734 42 107 24 U terco itinents Ry 1st 5s 56" 40 101 1st ref 10034 A lassillon Elec & Gas— 1st M 5s 1956 tf '37-A&* os a & 39 [etropolitan Edison Co— 25 international Power Sec Corp— Coll trust 634s 1964 ser B.J&D 83 65 Power— ser lass Utilities Associates— S f deb 5s 1949 ser A 100 10334 104 7934 83 f deposit 9924 International Hydro-Elec System Conv deb 6s 1944 A&O J&D Sink fund deb 5s 1955 57 9934 Interborough-Metropolitan Co— Sec 7s 1930 D (with Sec 7s 1957 ser E Sec 7s 1952 20-year to Purch money 6s g 1997—A&< Power Co— Debs 6o 1948 with warr J&D f 7s 1941 Ias«achu8etts Gas— Deb g 434s Dec 1931. 54" A&O A&O / Guar Trust certif of deposit., f Interborough Rapid Transit— 1st & ref g 5s '66 op tax-ex.J&J Stamped 0% notes 1932 A&O Conv g 7% notes 1932 ..-M&S s laryland Light & 1st M 534s 1950 74" Conv deb 6s 1939— —A& Certificates of deposit s f 6s '36 A M&S f 6s 1941 ser B __M&N _A&0 J&J Without warrants Bait & Ann S L 6s 1946—F&A 99 Inland Pow & L J&D f 524s *51 ser A a With warrants .... 72 10024 10034 Keystone W W & Elec Corp— 1st lien 6340 1948 ser B—M&] :::: —M&S 624 s 1938 96 71 1st s f 7s 1940 ser A Q-J laryl'd El Rys 1st gu 5s '31 A&O 1st & ref 6348 1957 ser A—J&J 1st & ref 624s 1962 ser B J&J 11 78: - 1st & ref. g 4 34» 1940 opt--J&J 1st lien & ref 534« 1953 MacS 45 100 25 70 101 Indianapolis Water— Cross St. 2234 8 M&: Certificates of 4s 1933---J&J Citizens St con 5u g 1933 M&N Indianapolis W W Sec Co— Secured 5s 1958 J&J »ec 10134 M&] 1st M 5s 1978 gen 10024 10334 10334 lanila Gas Co— 1st lien coll tr 5Kb 1937—A&O 1st M Keystone Pub Serv— Indianapolis Trac & Term Co— 634% 105 1st 1 & ref 6s 1951 ser B—A&< f gold 5s Jan 1 1933._A&0 113K Ltg Corp— 1st lien & coll tr 5s '53--M&S 1st M s f 534s 1952 ser B J&J tannhelm & Palatinate Elec Cos 99 10034 Key Tel 1st g 5s '35 opt '08--J& 1st 1 & ref 534s 1955 ser A_J&] 10 10424 J 1 J&D 2d gold 4s 2013 99 104 / 15 J&J 107 24 99 15-year / n J&J lanlla Elec RR & 79 ludianapolis & Southeast Trac— 4K» 1956 105 M&S Kentucky Fuel Gas Corp—* 1st g op'13 A&O ref&lmp 10224 110 9824 9634 93 8434 Indianap Columbus & Sou Trac— Couv deb 6s 1934 g 5s'48 1st & ref 6s 1954 Debenture 7s 1944 1st g 5a 1936 J&D tadlson G & El 1st 5s 1940-A&O Gen & ref 5s 1950 M&N II— .109 A--] 1st mtge 424« 1980 Pow 1st 5s 1947 Kansas Power & Light Co— 107 J&D C 55V';' 65 - 47 98 Dob gold 6s 2022 ser —ansas Wig 6s Feb 1 1948 F&A Indianapolis Gas 5s 1952 A&O ludianap & Martinsv Rap Tran— 1st g 5s 1932 opt J&J Indianap Nor—See Un Tr of Ind Indianapolis & Northwosr, Trac— 1st g 5« 1923 ext to 1933--M&S Indianapolis Power & Light— 25"" Kansas Gas & Electric— 10434 Indiana Union Traction— 1st g 5s July 1 '33 op '08-A&O / Indiana Nor 1st g 5s 1933. A&O * tru* 10434 10634 9934 54 Indiana & S W Gas & Util— Col 10434 1st M 5s 1951 11950--J&J 1st 1 & ref 5s 1963 F&A ser 108 106 24 102 }*S8$l :::: 107 104 9424 1st & ref M 5s Jan Col tr 6s 1957 94 —— 107 Indiana Pr 1st 17 34» '41 A _M&N Indiana Ry & Lt 1st 5s '43.-J&J Indiana Service Corp— Debs f 7s 1935 Inland Telep 1st 6s 1948 Inland Utilities Inc— 92 loo" Indiana flydro-Elec Power— s jV'-v- 10134 100 10434 10434 1st mtge 5s 1958 ser A—M&N Indiana & Mich El 5s 1957—F&A 1st & ref 5s 1955 M&S Ind Nat Gas & O—See Peo G L&C Coll tr 93 106 99 J&J 1st lien & ref 5s 1970 I_F&A f g 634s 1944. —II 103" 45 Indiana General Service— nland Gas 25 21 Kanawha Trac & Elec Co— 1st & ref 5s 93 1st M g 5s 1935 J&J Ind Shelby & S E 5s 1932. -J&J s oneburg Pow L & ^ 1st M s f 7s 1948-. 101 1st r/ / 1st M 5s 1951 series O—M&S Indiana Gas Utilities 5s 1946 J&J s 10334 100 100 1C4 1st 5 104 Gen M 5s 1950 8934 87" M&N 70 89 105 Telephone Co- Johnstown (Pa) 8834 (Ky)— 1st & ref 434s 1961 ser C.F&A Deb s f 6s 1937 ser A— A&O 102 1st M 6s 1947 series A—M&N 1st M 6K« 1953 series B—F&A Indianap St 3 102 1943- 10324 10024 10134 M&N / Dayt Spgf & Urb 6s '28—M&N / Indiana Electric Corp— M 5s 1948 Bid. 37 Jersey Central Pow & Lt Corp— 99"" Gen & ref g 5s '26op'll A 10534 Janesvllle Elec- Co- 9134 bona*. Ang Pac Co—See Pac El By os Ang & Pasad—See Pac El Ry os Angeles Railway Corp— 1st & ref ■ f g 5s 1940 J&D Los Angeles Ry 5s 1938 A&O ouisiana Pow & Light Co— 1st mtge 5s 1957 J&D oulsrille Gas & Elec Co 1st & ref 5a 1952 ser A 10434 103 Indiana Central Telep Co— 1st mtge 5s 1958 ser M&N 1st lien coll 534 1938 M&N Indiana Columbus & E Trac— ser 85 12 Jamaica Water 98 s 1st 6s 1944 J&D Illinois Valley Ry 1st 5s '35.M&S Illinois Water Service Co— 1st mtge 5s 1952 series A—J&J 1st M5s 1957 53 6634 s 3434 Illinois Power 1st 5s 1933—J&D 1st 7s 1936 J&D conv notes 1940 66 83 J&D defaulted and Bonds. 10334 10334 Income Ask. Corp— 10624 9834 40 Illinois Power & Light Corp— 1st & ref 6s 1953 series A- _A&O 1st & ref 534» 1954 ser B—J&D 6% *nd os s 96 Illinois Northern Utilities Co— 1st & ref 5s 1957 opt A&O 1st *f Bid. f 534» 1953 ser A_ Italian Superpower 85 BONDS marfe«d wa«r« Bonds. Ask. 106 M&S M&S 1st & ref 5s 1956 ser O 8 f deb 534" 1957 except Island Gas & Electric— 111 Bell Telep 1st 5a 1950— J&D Illinois Cent Trac 5s 1933 J&D Illinois Commercial Telep— Ill-Ky Bdge 6340 1947 ®nd .imorest" are 10334 9124 91 81 9934 s 97 95 s 9424 PUBLIC UTILITY BONDS 86 "and Interest" except where NOTICK.—All bond prloo Bid. Bond*. Mobile Gas Imp & ref 7 s '51-J&D Mob Lt & RR 1st g 6s '37—J&D M&S Cons g 5s 1941 91 N Y 76 80 N Y Power & Light Corp— 1st mtge 434s 1967 95" Monongahela Light & Pow Oo— 1st M 5s 1949 J&D Monongahela St Ry—See Phil Co 10334 Power— 10034 101 Adj inc 100 Bankers Trust ctfs of dopos- _■ Bleeck St & F F 1st 4s '50- J&J 10534 10234 18—J&J 9931 r 1938 r _J&J B—-J&J 101 Lex Ave & P 10034 23d 10234 100 10134 10034 9234 9234 10034 84 9234 1942 opt '12.A&0 Municipal Service coll 1956-F&A Muskogee Elec Tr 5s 1934--M&N Mutual Telep(Pa)lst 5s '45-A&0 Narragansett Elec Co— 1st M 5s 1957 ser A J&J Nashville Railway & Light— Cons g 5s 1953 opt 1908—J&J Ref & ext gold 5s 1958 J&J McGavock & Mt Vernon— 2d series 6s July 1937—J&J Nashville Gas & Heating Co— 1st M gold 5s 1937 guar--M&N Nassau El RR—See Bklyn R T Nassau & Suff Ltg 5s 1945—F&A Nat Elec Pow Co deb 5s 1978 J&J Nat Pow & L deb 6s 2026 A. F&A Deb 5s 2030 ser B .M&N Nat Public Service Corp— 1st M g 434» gold 5s 1978—F&A Nat Toll Bridge 6s 1939 — -J&J Nebraska Pow 1st 434s 1981-J&D Deb 6s 2022 —M&S Nev Calif Elec 1st 5s 1956—A&O Debs 6s July 1941 J&J Newark Gas 6s Apr 1 1944—Q-J Newark Cons Gas con 5s 48-J&D New Bedford Gas & Edison Light 3% notes June 15 1932—J&D15 New Brunswick (Can) Pow Co— Debenture 1937-----------M&S New Castle (City of) W 5s 41 J&D 8 f 6s 1932 --———-J&D New England G & E Association Deb g 5s 1947 M&S Oonv deb 6s 1948— -J&D Conv deb 5s 1950 M&N New Eng Pow Assn 5s 1948.A&O Deb 534s 1954 J&D 6% notes Dec 1932 J&D New Eng Pow 1st 6s 1951—-J&J 1st M 5s New Eng Tel & Tel— 5s gold Oct 1 1932 1st 5s 1952 series A A&O vJ&S B——-M&N 6s Dec.1943 Ry & Ferry— 1st gold 4s 1950 opt M&8 N J Pow & Lt 1st 434s *60—A&O New Jersey Water Oo— 1st M 6s 1950 F & A New London Gas & Electric— 96 89 9634 102 37 5 97 9434 J&J 10334 106 101 10494 6694 10334 6894 10494 84 8594 69 6934 10234 11034 103" 11134 90 99 9034 101 115 10734 108" 100 10034 94 94" 9934 85 8534 87 88 87 8634 8234 3934 9994 10434 10234 11134 83 107 11234 10734 101 103 48 45 10134 10234 100 90 86 10034 5s '32.F&A New Orleans Pub Service Oo— 9334 1st & ref 5s 1952 series A—A&O 9134 1st & ref 5s 1955 series B—J&D 9434 Gen M 434s 1935 J&J Inc 6s Nov 1949 ser A—J&D / 84 New Orleans Ry & Light Co— 106 Canal & Claib 1st 6s *46--M&N 9934 NOOy RR—Gen g 5s '43-J&J 10234 N O Oy & Lake 5s 1943—J&J NO&Garroll con 5s Feb'33-J&J 95 N O Pow House Co 5s '41-J&J _ *52.-J&J Newp News & Hamp Ry G & E— 1st & ref 5s 1944 J&J Newp News & Old Pt Ry & El 1st g 5s Nov 1 1938 M&N Gen g 5s Mar 1 1941 M&S New Rochelle Wat 534s *51-M&N N Y Gent Elec 1st 534s'50-M&S New York Edison Oo— 1st lien & ref 6 His 1941—A&O 1st 1 & ref 6s ser B 1944—A&O N Y Gas Elec L H & P Oo— 1st g 6s Dec 1 1948 J&D Pur mon coll tr 4s 1949—F&A Ed El 111. N Y, con g 5s *95 J&J Equitable Gas 5b 1932—M&S New Amster Gas 5s 1948—J&J NY&ER Gas 1st g 5s '44—J&J Con 5s 1945 J&J NY&Westch Ltg 4s 2004—J&J Deb g 5b 1954 op guar—J&J b Basis. con 634s 1962 MfyN Niagara Falls Power 5s 1932. J&J Ref & gen 6s Jan 1932—-A&O 1st & cons 6s ser AA '50--M&N Niagara Loekport & Ont Power— 1st & ref 5s 1955 series A.A&O Nippon Elec Pow Ltd (Japan)— 1st mtge 634s 1953 J&J Norf & Ports Tr—See Va Ry & P Norf Ry & Lt 1st 5s 1949--M&N Norfolk St 1st k . s 92 9434 100 10334 100 F&A North American Edison Co— 1957 ser A..M&S 1963 ser B—F&A15 Deb 5s Nov 15 69 ser C M&N 15 North Amer Light & Power Co— S f deb 534s 1956 ser S J&J Serial 434 % notes 1932 A&O Serial 5% notes 1933 A&O Serial 5% notes 1934 A&O Serial 5% notes 1935 A&O Serial 5% notes 1936A&O North Amer VV W & Elec Corp— Conv sec 6s 1938 ser A..M&N North Boston Ltg Properties— 3-year 5% notes 1932 J&J North Carolina Pub Serv Co— 1st & ref 5s 1934 opt A&O 1st & ref 5s 1956 J&J Salisb & Spencer 5s 1945-M&N North Continent Utilities Corp— 1st coll & ref 534s 1948 ser A.. North Hudson Lt H & P Co (Hoboken, N J) 5s 1938.-A&O North Jer St Ry—See P S Corp North Penn Gas Co— 1st M & lien 534s 1957—M&N North Shore Electric Co— 1st & ref g 5s '40 op '20---A&O North Shore Gas Co of Illinois— 1st gold 5s 1937 opt F&A North Calif Pow 5s 1932--J&D 1st & cons s f 5s '48 op '15- J&D Northern Conn Power Co— 1st & ref 534s 1946 M&S North El Co & Nor Pap Mills— 1st M 5s 1934-1947 M&N Northern Elec Co Ltd—See Misc. Northern Ind Pub Serv— 1st & ref 534s ser B I960--J&J 1st & ref 5s 1966 ser C M&N 1st & ref 5s 1969 ser D M&S lst&ref m 434s 1970 serE.J&D North Ind Gas & El 6s '52.. M&N Northern Indiana Ry— * 1st M 5s 1960 Northern N Y Utilities Inc— 1st M & ref 5s 1963 J&J 1st lien & ref 7s 1946 A—M&N 1st lien & ref 6s 1947 B M&N 1st 1 & ref 6s 1943 O M&N 1st 1 & ref 5348 ser D '49--J&D 1st 1 & ref 5s 1955 ser E-.J&D Watertown L & P 5s 1959.J&J Northern Ohio Pow & Lt— Gen & ref 534s 1951 M&S Northern Ohio Telep Co— 1st s f 5348 1957 ser A F&A Northern Ohio Trac & Light— 1st consol gold 5s 1933—J&J 1st consol gold 4s 1933—J&J 1st lien & ref 5s 1956 F&A Gen & ref 6s 1947 ser A—M&S Northern Penna Power Co— 1st & ref 5s 1956 ser A—.J&D Northern States Power Co— 1st & ref 5s 1941 A&O 1st & ref 0s 1941 ser B A&O Refunding 434s 1961 A&O Deb 534s 534% notes 1940 J&D 1933—M&N 1153 106 ] 107 Northern Texas Traction Co— 1933 opt 1913 J&J Northern Texas Utilities Co— 1st s f 7s '35 with war J&J 1st g 5s 102 123 10134 103 102 100 95 10334 10334 7 494 634 8 Without warrants—— Northern Utilities Co— 1st lien s f 6s 1943 ser 8 f deb 634s 1943 100 10034 10034 10134 10534 10194 10534 102 —| 9134 9134 s 103 1153 112 108" 103 5s 1944—J&J 634% gold notes 122 2934 10434 Northern Texas Elec Co— Coll tr s f g 5s 1940 opt—-J&J 10034 25 / 4 6 M&N / 109 M&N N Y Water Service Corp— 1st M 5s 1951 ser A 101 10034 101 10434 10434 105 102 10234 10494 84 8334 99 Hi 1st M s f 5s 1958 ser A J&D Ogden Gas 5s 1945 -—M&N Ohio Cent Telep 1st 6s '47—J&J Ohio Cities Water Corp— 1st m col tr 534s 1953 ser.A J&J Ohio Edison 1st 5s 1957 A&O 1st & consol 6s 1960 F&A Ohio Elec Pow 1st M 5s 1957 J&D Ohio-Kentucky Gas Co— 1st s f 634s 1943 ser A J&D Ohio L & Pow 1st 5s 1944 Ohio Pow 1st & ref 5s 1952 B J&J 1st & ref 434s 1956 ser D.J&D Deb g 6s 2024 J&D Ohio Public Service Co— 1st M & ref 7 34* '46 ser A.A&O 1st & ref 7s 1947 ser B F&A 1st & ref 6s 1953 series O.M&S 1st & ref 5s 1954 ser D—M&S Ohio State Telep 5s 1944.—J&J Ohio Val Elec Ry 1st M 5s '46J&D Ohio Valley Gas Corp— 1st 634s 1943 (with war)—J&J Ohio Water 6s June 1933 J&D Oklahoma Gas & Electric— 1st M 5s 1950 M&S Debenture gold 6s 1940—M&S Oklahoma Gas Util 634s 1934— Okla Natural Gas 6s 1946 A..J&J 1st m 5s 1948 ser B F&A Oklahoma Power & Water 1st m 5s 1948 ser A._ F&A Oklahoma Ry 1st & ref 5s '41-J&J Old Dominion Pow 5s May 15 '51 Omaha & Coun Bluffs Ry & Br 1st sf 6s 1947 A&O Omaha & Council Bluffs Ry— Ext 6s 1936 J&J Ontario Pow 5s '43 op to '13-F&A Ontario Power Serv Corp— 1st sf 534s 1950 J&J Ontario Transmission Co Ltd— 76 67 78 80 97 98 10034 9834 9734 9634 95 17 100J4 101 A. A&O Ottawa Trac 1st 5 34« July '55J&D Ottawa Valley Power Co— 1st M s f 534s 1970 i Ozark Power & Water Co— 1st s f 5s 1952 .-M&S Pacific Coast Power 5s 1940-M&S Pacific E'ec Ry g 5s 1942—-J&J Los Angeles Pacific Co— 90 72 103 95 97 103 104 103 60 75 9534 25 104 10034 10434 10094 108 111 112 11134 10934 113 103 34 10434 11034 10334 79 40 10334 100 50 10434 10134 62"" 68" 5134 53 9134 92 41 45 95 9634 85 88 44 10634 75 46 107 8034 10634 9934 9134 93" 71 74 9834 9534 100 101 102 103 9934 r r B.J&D 1st & ref 534s 1952 ser O.J&D 1st & ref 5s 1955 ser D J&D lst&ref434« 1957 ser E._J&D 1st & ref 4 34s *60 ser F—_ J&D Pacific Light & Power Corp— 1st & ref s f g 5s 1951 op. .M&S Pac L & P Co 1st 5s 1942-J&J Guaranteed 10034 80 — 9934 r 101 93 95 10334 9034 10434 9134 8534 9234 8634 9334 108 11434 115" 106 10634 10534 10134 10194 10534 10634 10734 Northwest Pub Serv— Conv deb 6s 1950 M&S 10234 102 Pacific 104' 10434 9994 10334 115 10734 10434 108" 102 15434 101 102 70 9894 99 5-year 5% notes 1936 M&S Pacific Teleph & Telegraph— 1st & col tr s f g 5s 1937--J&J 2 Ref M 5s 1952 series A—M&N Parr Shoals Pow 5s 1952 A&O Pasa & Mt Lowe—See Pac El Ry Paterson Ry—See Pub Serv Corp Paterson & Passaic Gas & Electric consol gold 5s 1949 M&S Pawtucket Gas 4s 1932 M&N 9894 9834 10634 10734 9834 10834 1st M 5s 1955 105 9894 68 F&A Pacific Power & Light Co— 105" Pacific Public Service Co— , Pecos Valley Power & Light 1st m 034 s 1937 ser A 101 10734 9934 Co. 77 M&N v 10434 10494 100 99 100" 102 10234 10734 108 9934 10534 10594 99 10034 Peninsular Tel Co 1st 534» '51 J&J Penn Central Light & Power Co— 1st & ref 434* 1977 Penn-Ohio Edison Co— M&N Deb g 6s 1950 ser A Without warrants M&N F&A Pennsylvania El Oo 5s 1962.F&A 1st & ref 5s 1954 ser D .T&D Deb 534s 1959 ser B 1st & ref 4s 1971 ser F— M&N 66 102 100 10934 80 70 104 / 97 9634 10334 10134 10434 102" 104"" 10134 9134 99$ 106 10634 9994 103 1976 ser A—mt Pennsylvania Gas & Elec Oo— Deb gold 6s 1st 1 & ref 5 34s '56 ser 10234 A—M&S 19 20 25 104 112 97 95 90 15 68 6634 :> 91 84 Pennsylvania-Ohio Pow & Lt— 104 10334 Pennsylvania Pow & Light Co— 95 9834 §734 62 69 9834 105 104 94 99 93 A--M&N M&N 5934 Penn Tel 5s 1960 ser C l6§34 I In London, n Nominal. r 10394 10434 100 k Last sale. 35 10434 '43-M&S 1st & ref M 6s 1941 ser 104" 102 105 10434 9634 '16--J&J 1st ref g Is 1950 opt L A Pa R R Cal 5s Pacific Gas & El ref 5s '42—. J&J 102, 68 104 10434 & Power— Ref & coll tr 5s 1957 ser 102 65 L H 10334 79 65 1st m 5s 1958 F&A Oregon Elec Ry 5s '33 opt.-M&N Oregon-Washington Water Serv— 1st M 5s 1957 series A J&D Oslo Gas & El Works (Norway)— Extl sink fund 5s 1963 M&S Oswego Riv Pow 6s 1931 J&D Otter Tail Power Oo (Minn) Gen M 5s 1946 ser E j Ottawa 9934 76 '45 op bef '16. -M&N Orange & Pas Val R—See P S Corp Orange & Rockland Elec Co— 97 interest, 63 65 103" 1st gu g 5s 102 ■ 75 M&S '45--A&O 10534 / This price includes accrued 9334 80 9834 15 105 10534 1st M 5s 1951 M&N Chester Ltg. N Y & Suburban Gas—See West 105 10534 N Y Tel 1st 434s *39 tax ex.M&N 10534 10534 Ref M 6s Oct 1941 A&O Conv deb 5s New Milford Pow 1st St Charles St 1st g 4s 1st Deb 5s 1961 10394 60 10634 North American Co. 10334 20 " 50 10534 534s'62A&0 I——J&J Certificates of deposit 15 104 1034 22 107 New York State Rys— > 1st con g 434s '62 op '13--M&N / 10034 103 134 494 J&J 58 10234 Northw Teleg—See W U Teleg Nova Scotia Light & Power Co— 50" 9 A..M&N M&N Ry 5s 1962 N Y State G&E Corp 1st 6s 1952— ^ 1933--.—J&J St 1st ref 6s 1952 98 10234 9334 40 25 N Y Steam 6s 1947 95 6134 334 234 N Y & Richmond Gas Co— 9934 10034 '12.J&J M & U O Tr Co—See Un Tr of £nd Muncie W W 5s Oct 2 1939-A&0 Municipal Gas Co (Texas)— 1st M 6s 1935 ser A M&N Municipal Gas & Elec, Roch— Consol & refg 5s / Sixth Av RR pur M 5s '65-J&J / Third Ave—See under "T" 105 1st ref M 6s 1951 ser Mt Wash Muncie El L 1st 5s '32 op New Mexico Power— 1st M 5s 1958 / . (Ohic)—■ Power Oo Ltd— 1st m s f conv 6s '60 serA-J&J Northwestern Pub Serv Co— 1st m 5s ser A 1957 J&J 15 *93--M&S y Fy 1st 5s '93 M&S warr_J&D Northwestern Col & 9th Ave 1st 5s 103 100% 10034 35 3 N J & Hud RIv 10534 . 634s '57-J&D / -J&D f St Ry—See Phlla Co 1st 434" 1961 ser New Hampshire Pow 5s '43 J&D Certificates of deposit cons 1st mtge 5s 1941 opt Union El (Loop) 6s g 5 Ask. _ 1935-M&N Northwestern Elevated 25 ! 4\ 34th St Crosst 1st 5s '96. -A&O Mt Hope Bdge 1st Deb s f 7s 1952 1938 series A&O Second Av recei* ctfs 1914 10434 Montreal Tramways— 1st & ref g 5s 1941 opt J&J Gen & ref 5a 1955 series A.A&O Gen & ref 5s 1955 ser B—A&O Gen & ref s f 434» 55 ser O A&O Gen & ref s f 5s 1955 Her D_ A&O Morn'side El St Ry—See Phila Co Mount Home Telep 5s 1938.J&J Mountain States Power Co— 1st & ref 5s deposit Jan 1942 Bway & 7th Av > 1st M 6s g 5s 034? 1933 with Northwest Elec 1st 6s 10034 10334 60 J&J A 10134 Guar trust ctfs of 1962 ser A——-J&D Montreal Isl Pow 534s 1957-M&N Montreal Lt flt & Pow Consol— 1st ref & coll tr 5s 1951—A&O 1st ref col & gf 5s 1970 serB M&3 Montreal Lt Ht & Pow Co— lst&coll tr g 434" '32op'12 J&J Gold 5s 1933 opt 1913 A&O Montreal Pub Service Corp— 1st & ref 5s 1942 M&S , ser Adj income 6s Jan 1 1965-Apr / New York Railways— 1st R E & ref 4s '42 op J6-J&J / 10034 98 1st M York Rys Corp— Prior Hen 6s 1965 9434 Bid. Northwest Louisiana Gas— -— 10034 A&O 102 Y & Queens Gas 1st 5s '34 F&A 15 Y & Queens Co Ry 4s '46-A&0 / / 3 Steinway Ry 1st 6s 1922—J&J New Deb g 5s J&J Municipal Ry 5s 1966 9334 . „ 1st & ref s f 5s *43 op N N Monongahela Valley Traction— 1st M g 5s '42 opt '22 J&D Monongahela Valley Water— 1st M 534s 1950 series A—J&J Monongahela West Penn Pub Ser 1st lien & ref 534« ser B '53 F&;A Montana-Dakota Power Co— 1st m 534s 1934 J&J Montana 97" f Bonds Ask Bid. Bonds. Ask. 89 Monmouth Oons Wat 5s '56. J&D marked "f" and foroms and defaulted bonae Canadian price. s Sale price. 10094 PUBLIC NOTIOC. •An bond Bonds. price* Bid. 100 100 M 102 6s 1943 116* 109* 110 1st cons g A&O 1st & ref 4s 1981 J&J 3* % notes July 30 1932 Serial 4*% notes 1933—F&A 1st lien 1941- 5*s 100* 101 101 105* 105 105* 101* 109* Oonv deb 5s 1979 J&J People's Traction—See Phlla R T Peoria Bloom & Champ Trac— „ 88 65 87* 103* 103* 50 Pitts Trac 1st 5s 1927—A&O So Trac 1st & coll tr g 6s '50 A&O 3d Ave Tr 1st 5s 1934—J&D mtge 5*s 1972——F&A Phlla & Garretsford St Ry— 1st 5s 1955 F&A S f guar 5s '62 opt *17 gold 1st m r e 45* 50" Con 65 110 65 30 33 55 65 Market Street EJev 1st g gu 4s 1955 Union Traction— 85* Ry ctfs "45-A&O 36* People's Traction Oo— P P Ry tr ctfs 4s '43 -F&A 41 38 43 — M&N M 6s 1969 1st M4*s 1967 104* A&O 104 M&N 99* Phlla & W Ohes Tr 4s 1954—J& J Phlla & West Ry 5s 1960 J&J Piedmont Hydro-El Co (Italy)— lit & ref sf 6His 1960ser A A&O Piedmont & North 1st 5s 1954-J&J Pitts & Alleg Telep 1st 5s 1949 104* 105 4% notes Jan 1 1933 30 Portland Gas 1st 5s 1951-F&A Portland (Me) RR 3*b 1951.J&J 1st 1 & con m 6s 1945—M&R Porto Rico Telep 6s 1944...J&D Postal Teleg & Cable 5r '53-J&J 75 i 83 104 86 88 101* 98* 5l" 68 91 70 95 63* 64* Deb gold 5*s 1947 M&N Incomes June 1949 F&A Providence Gai Co 1st 5*s 1942 Prussian Elec 6s 1954 Public Elec L Co & (St Albans. Vt) 1st 5 Hs 1956 A&O Public Service Oo of Colorado— 1st & ref 6s 1953 series A..M&8 1st & ref 6*s'54 series B.M&I Deb 1948 6s Public Service Oo M&N of N 83 1st & ref g 5s 1956 op '21-.A&0 1st & ref 6b 1968 series O.M&N D.M&N 1st & ref 4*s 1980 ser E..J&J 1st & ref 4*s 1981 ser F-.A&O Debenture 5s 1932 F&A 4% notes July 30 1932 b Basis. 102* 95 96" 49 90 89 51 92 90 104 55 65" 95 99 103 104 102* 97* 103* 98 A&O ser B J&D Oonv 6% notes 1933 J&J St Louis Sprlngf & Peoria RR— 1st & ref gu g 5s '39 opt—J&D St Paul City Ry—See Twin City St Paul GaB Light— Gen gold 5e 1944 M&S Gen & ref 6s 1952 99* 1931-1958 31 25 4* 6* 102* 100* 101* 101* 100* 106* 107 105 99 106 98* lool 99* 99* 1st ref 6s 1952 series A J&J 1st & ref 5s 1958 ser B J&J San Antonio Tr 1st 5s "49-M&8 San Antonio G & E 5s 1949.M&S 3an Diego Consol Gas & Elec— 1st g 5s 1939 opt 1914—.M&S 1st & ref 5s 1947 99 ser V—IrH H "TZimi • I In B—-M&S London, C_. n ©o 97 105 97* ec Co. '93* g°v & 0In 8t &,?KE 101* 36* 103 94 fef 5s 1960 ser B.J&J oh 1955 6*8 1938 A 90 99* 103 101 104 25 40 80 R T. 82 104 105 or vice. 52" 96 96" 101 101 105> 106* 1065; 89 108* 99 M&S J&D 95* B__M&S 104* 102* M&S 1st & ref 4*s 1961M&S South 1st M 5s 1947 Southern Canada Pr Oo Ltd— A A&O Southern Cities Pub Serv Go— Oonv deb 6s 1949... Southern Oltifw Utility 1st lien & coll 5s 8 f deb 6o 1968 .er 99 r 102* A&O 52 30 103* M&N 100* A...A&0 1st lien & ref 6s 1947 A&O Southern Natural Gas Corp— 1st s f 6s 1944 with warr J&J Without privilege Telep 1st g 5*8 1959 ser 96 Sou Pub Utll 1st 5s 1943 s Sale price. 103: 48 S 60* J&D J&J 104 102 J&J 53 35 104 102 98 104 ..J&D Southern United Gas Co— 1st lien 6s 1937 with warr A&O Southern Wise Pow 5s 1938 A&O Canadian price, 96J 101 92 110 111 1948-J&D D 104; 103 96* Southern Gas UtUltleo. Inc 1st M if 6*. 1939 ser A.M&S Southern Indiana G & E— South N E 1st 5s Deb g 5s 1970. So Ohio Elec 6s 1955 106 Co— aII—F&a Southern Colorado Power Oo— 1st g 6s 1947 series A——7& J Southern Counties Gas (Calif) 1st M 4*s 1968 .—M&N Southern Gas Oo— lat 6*s 1935 ex-warr S f deb 6*s 1936 ser 106 60 M&N 1st & ref M 5s 1954 ser A-F&A Southwestern Gas & Elec Co— 1st mtge 5s 1957 ser A J&J 1st M 5s 1957 ser B M&N r 96 Telep ser 105* 105* Corp— South Cal Gas Co 58 1937—M&M 6s 1950 M&N 1st & ref 6s 1958 series O-J&D 1st M 5s 1955 W 103 105* 105* 105* J&J Southwestern Assoc Telep Co— 1st M 5s 1961 A&O Southwestern Bell Telep— 103* 103* 105 J&J F&A Southern Trac—See Phila Oo. 95 96 104* . o „ 93" 94 Eth!fBPWe,b 68 2025"-M&S a 30 93 99 33 100* 1958 102* 100 96 F&A M&R Calif 99* 104" Corp. A.J&J * ref 5*« 1952 ser 1st & ref 5s 1957 ..... 104 56* 96 s.2mntru^ 104 105 105* 105* Pub Srn Gen& ref 5s 1944-ng 5s 1951 95* 104* Oo— ser Refunding 5o 1952 Refunding 5s 1954 ^uthem California Gas 99 56" 101 Ry—-See Oln Refund 92* 93* 30 100 N Y Rys Pittsburgh Water IsJ M 90 110 8er,es A—"—J&J Southern California Edison—y* Gen g 5s Nov 1939 opt 55" 49 87* T&n Southern Bell Telep & Teleg 1st b f g 5s 1941 opt 1916-.J&J Sou B vard—See Third Ave Ry 98* Nominal, F&A 975 8*. 104H "er B..M&N ser 1st Hen & ref 5s 1960 100 108* 99* 104 C<?— °2-"'J&D Ferry—See 8 100* k Last sale 70 . South Wh South Service— 100* 97 93' Co¬ 1942. .M&S16 f Oonv 6a Dec 15 1932—J&D1&/ South Carolina Power Co 1st Hen & ref 5s 1957 j& i —.A&O San Angelo Telep 1st 5s 1958 F&A San Antonio Public 93 41 90 M&"g Power" Un & Middlesex Ltg— Mtge g 4s Dec 1 1943 J&D So Car Gas & El 6s 110 27 20 / & fund 6 *s 19^2 Lighting J, 64 109* / / WatSr aJ C8 }£49 105* 106* 102* 99* 102 J&J Salisbury & Spencer—See No Oar oPub S Salmon Rlv Pow gu 5s '52 109 op F&A Salt Lake Term 6s 1935 50 J&D Salt River Val Water Users Assn 6s 1938— F&A 92 Stewart Mt Power 5*t June /This price includes accrued Interest, 62 105* 106* St Louls-Mlss Rlv Bridge— 1st s f 6*s Oct 15 '47—A&015 St Louis Public Service— 87 B— 1st & ref 5s 1956 ser A__M&N 1st & ref. 4 M" 1957 ser B.A&O ser 1st M 5s 1945 104 Public Service Co of Nor 111— lst&ref4*s 1978 1941 95 F&A So TexaB Gas St Louis Oo Gas 1st 5s 1951 St Louis Oo (Mo) Water Co— 1st M 5*s 1945 ser A J&D 68 94 au ^ 1949 8erles B J&J Sileslan Elec Corp s f 6*s '46F&A Sioux City Gas & Elec Colst 6s i947 ser A M&S 1st 6s 1949 ser 13. F&A 1st 25-yr 5*s 1950 ser "61 F&A 1st M 5s I960 J&i Sioux City Serv 6s 1951-111 J&J Somerset 90" 3t Charles ttt RR—bee N Ori Ry & Light 8t Clair County (111) Gas & EI— 1st cons guar 5s 1959 102 M&8 St Cloud Pub Service Co. 1st M 6s 1934 M&N 103* St Joseph Gas—1st 5s 60 1937.-J&J St Joseph Ry, Lt Heat & Power— 1st g 5s Nov 1 1937 M&N 99* 1st & ref 5s 1946 —J&J 87* St Joseph Water 5s 99* 105* Power Gas & water Sec Corp Coll tr 5s 1948 with warr-M&N Power Secur coll tr 6s '49-—J&D 58 101 101 101 * 104* 109* f 6s 1942 Ser B..M&V 56 99 & M&S 65* nH 1st mtge 5s 1951 A&O Shreveport Rys 1st 5s,'32-44 J&J Sierra Pacific Power Co— 1st & ref 5s I960 ser A M&S Sierra & San Francisco Power— 1st g 5s 1949 opt F&A 100 99* Rutland Ry I t & P 1st 58*46 5s 1936 guar..J&J A&O Power Corp of Canada Ltd— Conv deb 4Mb 1959 Ser B-M&S Power Corp of N Y— s 95 87 88* 99* 97* 6*b 1942 Ser A.M&H Shore 95 Roanoke W W 5s 1950 J Chester Central Power Corr Deb g 5» 1953—M Rochester Gas & Elec Corp— Gen M 7s 1946 series 1st ref 4Ks 1958 ser A M&N Rome (Ga) Ry & L 6s '46.-A&O Rome (N Y; Gas. Elec Lt & P— 97 95 Hhinyetsu Elec Pow (Japan)lst slDk Lt & P— 1st 5s 1931 J&D 1st ref 5s 1946 Ruhr Gas Corp 5*8 '53 A—A&O Rumford Falls Pow 4s 1945.A&O Gen M 4*s May 1948—M&N 97* 1st M 1st M 101* 77* 100* Rya" 4*s ser D '70—A&O 8heboygan Elec—See East Wle El Shenango Val Water 5s 19rifiA&0 103 105 104 r A&O Ji —F&A f0i8,t4^8 '678erA A&O lot -nil I 1st coll tr 5s 1st coll tr Rockland Light & Pow- 1st mtge 5s 1966 ser E. ..If&N 1st M 4*s 1961 series F-.A&O Potomac El Pow Cons M 58 40" 97 Potomac Edison f)»— Gen lien & ref 6s 1953 60 55* J. Ac 95* 99* 96 94 92 1933-—.J&D15 1936—I s f 6s il!? _ J&J Portland tore) uao ai Coke— 1st & ref g 5s *40 opt '20—J&J 1st l'n & gen 414s 1940 J&J 56 56 A&O 1st & ref 5s 1946 ser B _A<L 1st & ref 4*s 1953 ser O.. J&J 100* 21 Pitts Alleg & Man—See Phlla Co & Charlerol—See Phlla Co P McK & Con—See W Penn Rys Portland General Elec Co— 1st & ref 4 I960 MAS 58 Syracuse RR— 1st M conv 5s 1957 EH Rochester Telep Corp— Pitts Pittsbuigh Trac—See Phila Co Pittsburgh Rys—See Phlla Co Plattsburg G & El 1st 5s 1939— 55* 54 Roanoke Ry & El 5s 1953—F< Rochester M&N 1st 72 6s 1952 M&N 6s 1953 with war—F&A 64 upt Ry conH 5s g 1930 2d 5s g 1933 ctf dep Deb Sbawinigan 55 3% notes July 15 1932—J&J Phlla Subur-Countles Gas & Elec lBt & ref 4*« 1957 a 94* Trac—See Phlia Co- m Roch notes J&D15 J&D15 Second Ave—See N Y Second Ave 68 Bocb Ry & Lt 6s 55 M&S 15 Water Serv- Seneca Pow Corp 6s 1946 Gen M 5*8 1948 series O.M. Gen mtge 4*8 1977 «er D M. W Phlla Pass 2d 5s 1926— 1956.M&N 96" Union— _J&J 70 Darby Media & Ohes St Ry 1st 4 His *36 opt '10 gu—J&J Host Mantua & Fairm 5*8 '34 M&N 99 (lnd) W W Corp— 1st M 5s 1957 -JH&: Richmond (S I) Lt & RR— 1st coll tr g 4s 1952 J& 70 1st 4*. 1958 1939 opt 1914—M&S Seattle Ltg 1st 5s 44 opt '10-M&S Ref g os 1949 opt 1914 A&O _J& Rio Grande Valley Gas Oo— 74* Phlla Hub Water Co— 1st M 5s 1955 104 Richmond 107* 70 C 103 1937 KmJn1!?7 A9L6® 6 1932.M&N Seattle-Everett Traction— M&N 1st & ref 5s ...... 98* 10 1st & ref 5s 1947 52 ser A-A&O 5s 1932. --F&A _ 95 101* Sfi.fSj94? opt 1^19—M&S Schuylkill Trac 1st 5s 1943 A&O Schuylkill Val Tr 5s 1945_;;f&A 4*% 109* 105* Without warrants 80 Ext at 5 *% to m 102 ser 1st & ref os 1967 ser A— F&A Scranton Ry—-1st 5s Nov '32_ J&J 103* 7s 1950 g 105 B—A&O A ser 1931 4* % notes 1932 10 102 Cons 6s 1955 with rights. Richland Public Service— 100* 65 J&J cr Mtge 105* a M&S Serv 104* A&O Savannah Elec & Power Co— 1st & ref 7*s 1941 ser A-A&O f 5e 1955 Sr!la,5^n^pg 4*% notes 102* 100* 94* s Wat 118 6S*43-J&D Scranton Elec 5s '37 opt "12.J&J Scranton Gas & Water Co— 101 94 51 14 10 103* fl®^non^lec.0° 56 102* 100* 94* 49 / 68 « '52. J&J Say re (Pa) Elec 5s 1947 A&O Schenectady Railway Co Rhine-Westphalia El Pr (Germ'y) Direct 77* Elec & Peo 4s 42 Extl deb 6s 1953 73* Pass 40 Rio de Janeiro Tram 1st g 5s 1935 M&S MAS 1962 6s 1944 38 Rhine-Ruhr 61~" 107* Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f—F&A 6s 98" Oo— 1st 55 35 Qulncy (111) Ry Railway & Light Sec 5s var——. Rap Tr St Ry—See Pub Ser Corp Reading Trac 6s 1933 J&J 85 55 98 Ref 4*s 1958 Conv g deb 5*s 47 57 83 109* 99* 105* 98 98* f 5s 1968 .J&D Queens Bor Gas & El 6s "62-J&J Ref 5s 1955 M&S 98 85 Rys 6s 1953———A&O 104* 101 1910 J&D s 1st & rof 6s 1945 A&O Public Utilities Oonsol Corp— 1st M 5*s 1948 M&S 1st M & coll tr 97 85 95 86 a««ii IMI1 n® ?pt af* Sauda Falls Oo Ltd— 90 105 104 1st & ref 41*8 1950 ser D.J&D Sd El Ry 5al932 F&A Quebec Power Co 95 1st lien & ref m 4 *s 1997 M&N 1st & ref 4s 1971 J&A 88 M&N 79" Ry. 101 Light & Power— 1st 104* C 98 75 El Un f & ref 6s 1952 ser B—M&S Unif & ref 5s 1957 ser D J&J San Joaquin 69 J&D F&A ser Ask. a2r J°a<iuin Lt & Power Corp— 106 " Puget 85 Pitts & Charlerol 5a '32..H&N ref 4*s 1967 1st & ref 4*s 19701st ref 48 1971 1st & ref 5s 1950 85 B K & A Trac 6s 1931-M&8 Brownav Ave 5s 1926--F&A Philadelphia Elec Power 58 1st g gu 5s 1933 opt J&D Puget Sound Power & Light— 1st & ref 5*s 1949 J&»> 105* 62 San Francisco Bay Toll Bridge-^ 1st M sink fund 6*s '57-M&N Deb s f 7s 1942 M&N 83 Pugefc Sound Power Oo— ' 60 58 48 ... 64 Secured conv 6s 1938 M&S 1st col tr conv 6*s 1948..A&0 85 105* 121* 94* 99 J&D Bid Water Supply Oo— 1st m s f 5s 1955 M&N Sandusky Bay Bdge lst6 *s *42 J&J Sand Frem & So Ry—See Lake Sh San BYan G & E 4*8 1933-M&N Not callable Jersey Gas El & Trac— 1st & 55 Bonds. 102* Ry 4s 1948—M&N So 95 Gold 5s July 1933— J&J United Trac 5s 1997 cfcfs—J&J West End Trac con 6a '33-J&J Phlla Elect 1st 5s 1966 A&O 1st M 4s 1966 -A&O 120 93* 81* 37 St bonds. „ J O Hob & Pat 4s 1949--M&N P 8 Newark Term Ry 5s'55 J&D 39* 85 100 90 39 38* 85* 99 88 2d 6s '14 ext 5% to '44-A&0 Riverside Trac 5s 1960—J&D 80"" 100 48 71 77 99 44 69 96"" Ask. 1st g 6s Dec 1 1950.. .J&D Elizabeth & Trent 5s '62-A&G Nor Jer 87 9an Diego Trust certs 6% perpot .M&n Camden Sub 1st 6s 1946.-J&J Cons Trac 1st 5s 1933—J&D tf lis Plalnf & Cent Jersey Ry Or & Pass Val 1st 5s '38 Paterson Ry— Philadelphia Company- Pittsb Bid. Guar g 5s Mar 1 1953—M&S Public Service Elec & Gas Oo— 1st gold guar 5s 1936 M&N Peoria W W Oo pr 1 5s "48—M&N 1st con 4s 1948 M&N 1st con 5s 1948 M&N Deb 4s 1950 M&N 1st & ref 5s 1950 F&A Secured gold 5s 1967 J&D Alleg Belle & Per 5s 1935-A&O Ardmore Street 5s 1953--A&O Central Trac 1st 5s 1929--J&J Duquesne Lt 1st M 4 *s'67A&0 Duquesne Trac 1st 5s 30—J&J Fed St & P V 5s May 1 *42-J&J Ft Pitt Trac 1st. 5s 1935—J&D MIllv Et & Sh 5s 1923—M&N Morn'side El St Ry 5s *35 A&O Mount Washington St Ry— 1st & coll tr gu 5s 1933.A&0 Pitts Alleg & M gen 5s '30 A&O Pitta & Birm Traction— Bonds. 101 101 J&J BONDS marked "f" and income and defaulted — 100* Peoples Light & Power Corp— where except Public Service Oo of Oklahoma 1st mtge 5s 1961 ser O M&S First mtge 5s 1957 ser D.M&N Public Service Corp of N J— 94 Serial 4*% notes 1934—F&A Serial 4 * % notes 1935 F&A Serial 4*% notes 1936 F&A Chic G L A O 1st 5s 1937—J&J Oonsum Gas 1st g 5s '36—J&D lnd Nat G&O g 5s *36 gu.M&N Mutual Fuel Gas g 5s "47 M&R UTILITY "and Interest" Ask Pensacola El Oo 1st 5s *31 -.F&A People* Gas (N J) 1st 5s '68-J&D People's G L & Coke, Chicago— Refunding gold 5s 1947—M&* *r* 104* 61 101* 107* 95* 94* 51 61 112 112 10S Union El Lt & Pow Oo of St L— & Pow Oo— A F&A 5 B F&A Natural Gas Oo— Southwestern Light 1st M 5s 1957 ser 1st M 5s 1957 ser Southwestern 1st s f 6s 1945 M&N Southwestern Power & Light— Deb g 6e 2022 series A M&S Southwestern Public Service 1st M § f 6s 1945 ser A Southwestern States Telep 1st M 6s 1948 Conv 6a 1931... 1013* Union Trac Oo of Indiana— Union J&J 10134 100 101 101 10134 F&A JAD AAO 101 983* 983* 943* 943* 75 78 M&N 1959.-A&O Deb g 6s 1975 M&N United Lt & Rys 1st 5a '32-J&D 9934 Ref m 6s 1955 91 9134 109)* & North— *17 M&N 91H 913* 1st & ref 6s 1956 Tenn Pow gu 5s 1962 86 Tennessee Public Service— W W Terre Haute 14 Corp— 1949 ser B J&D 1st M 5s 1956 ser B F&A Texarkana W 1st 5s '58 F&A Texas Cities Gas 1st 5s '48—M&N Tex Elec Ry deb 6s 1942 J&J / 1st & ref 5s 1947 J&J / Tex Trac 1st 5s 1937 opt._J&,f / Texas 1st Electric Service Oo— 5s 1960— mtge Texas Gas Util. 6a 1945 Texas-Louisiana Power 1st 6s 1946 series A 1st 5)4s 1960 series 8 f deb 6s 1942 Texas Pow & Lt 1st 5s Deb g 6s 2022 ser A 1st & ref 58 Oo— Bou _ J&J J&J —M&N I & Battery— J&D 8 1946..A&O Thirty-fourth St Orosstown—See Tide Water Power 1st 6s '79.F&A Toho Electric Power (Japan)— 1st s f 7s 1965 ser A...M&S15 3-yr 6% g notes 1932 J&J (Japan)— I 1st g 6« 1953 series J&D15 Toledo Edison 1st 5s 1947.-M&S e Tol Frem & Norw—See Lake Shor Light Oo H con lBt g 5s '35-AAO Toledo Light A Power Oo— Tol G E A J&D 5% notes 1932 Topeka Ry & L 1st 5s 1933.F&A Trenton G & El g 5s 1949--M&S Trenton 5s '38.J&J Telep & Teleg— St Ry con g Tri-8tate 534B 1942 M&N 1st M 5s 1942 ser B_ M&N Troy Olty Ry—See Un Tr (Alb) Troy Gas 2d 8s '23 ext to '39 F&A 1st 6a 1939 ..M&N 28th & 29th Sts—See 3d Ave Ry 23d Street Ry—See N Y Rye Twin Olty Rapid Transit Oo— 1st lien & ref 5>4b 1952..J&D 8t Paul Olty 1st g 6s 1932 A&O 1st cons 6s g 1934 -A&O Cable con 5s 1937 J&J15 Guaranteed- 6834 62 50 Ojigawa Elec Power 1st M s f 7s 1945 98 '42_M&3 M&N F&A M 434s 1944..F&A 1st 1 & gen 10234 5434 5534 4434 1949 79 60" 65 80 9934 993* 108 10331 9631 10834 1033* 9734 111 109 11334 10534 104 105 6s J£D 1933 76 Utilities Service 6s 1953 65 Virginia Pow 1st 6s 1942 Va Elec & Pow 1st 5s 1955. 65 6 7234 683* ■ ITf 10 104 %i A&O Virginia Public Service Oo 1st & ref 534s 1946 serA_..F&A 1st & ref 5s 1950 ser B—J&D Deb s f 0b 1946 F&A 94 10034 9934 Virginia Ry & Power— 1st & ref g 5s 1934 J&J Norf & Ports Tr 5s *36—J&D Wash Alexandria & Mt Vernon 1st g 5s 1955 opt M&S 8534 10334 El Ry Certificates 101 1st M 5s Mar 1941 op Otfs of deposit 10034 97 9134 9134 10334 102 ff M&S (DC)OL5s 1960—M&N 1933 series A —A&O B A&O 434% notes 1933 A&O Washington Gas & El Oo— 1st sf 534s 1947 —F&A 107" Wash'n 35 105 10234 9734 9134 9234 10334 10234 10634 10034 - FfeA Washington & Suburban Cos.— Coll trust 5s 1941 —M&S 8631, Washington Water Power Ou Olty & Sub 5a g 1948 1st ref 58 1939 op— 8434 • i • 1st & gen 5# 1900 J&J J&J 107 Waterbury Gas Light 105 10734 434s 1958 M&N Waterloo Oed Falls & No Ry 1st M s f g 5a 1940 op '15—J&J Certificates of deposit Watert'n L&P—See No N Y Util Waukesha Gas & Electric Oo— 1st 5a 1959 J&J Westchester Elec—See 3d Av Ry Westchester Lt 1st g 6a '50—J&D N Y Sub Gas—1st g 5s '49.M&S 87 8234 10034 101 93)4 1003* 103 10734 10834 10134 10234 106 107 10534 10634 102 104 1003* 1013* 103 10234 MAN latsf g 434« 1943 J&J Yadkin River Pow 1st 6a '41.AAO Yonkers Ry—See Third Ave Ry York Haven Wat&P lat 5s'5lJ&D Youngs-Shar Ry A Lt —See MahA Youngstown & Suburban Ry— 1st mtge 5s 1936 MAS Zaneav Ry L A P—See Ool New A 89 102 Worcester A Oonn Eastern Ry 1916—A&O 9834 101 102 743* 1043* 1043* 105 106 1003* 101 90 l ---S Ry & L. — 70 65 Zaneav _ PUBLIC UTILITY STKS. Par Power S7 pref 100 S6 preferred _(t) $5 preferred (t) Allegheny Gaa Oorp (t) Allegheny Traction—See Phila Oo Allied Pow & Light com (D Alabama Amer Commonw'lths Pw com .5 A(1 101 93 78 d 19 1934 d 79 81 d 65 73 10534 10 10 86" 82 11234 55 d 28 33" d 27 88 273* 4834 7634 153* 633* (T> 50 78 d d Amer Gas & Elec com...(no par) d d American Light A Traction Preferred Amer Natural Gas com 1st mtge 63* 13 52 $0 preferred <+) Amer Ga» & Pow $0 1st pref—(t) d 10234 s 11034 d cum pref Warrants. 9534 3134 63* 123* $7 Preferred (no par) d $7 second pref aeries A " $6 6934 s —— d ds d Participating pref. 105 d 100 96 9234 134 . d d 72 92 134 d Preferred 9434 1013* 90 d 94 94 11534 1023* . ^ d 107 Oo— 10434 12 1st A ref 6s. 1942 J&J Wiiconain Ry Light A Power— 1st A ref 5s 1933 FA A Wiscon RIv Pow 1st 5s 1941 MAN Wise Val El 1st A ref 5t '42M&N lit M g 5s 1935 opt 100 10334 Wisconsin Public Service Oorp— 1st 1 A ref 6s 1952 ser A—AAO lHt A ref 534 s 1058 J&J Wise Pub Service Oo Glass B 20 95 46 100 104 107" 103 Guaranteed 44 15 6fl m 1936 ser 1953 J&J 1st M 5s 1955 M&N Wash Ry & EI g 4s 1961 J&D Anacost & Pot 6s 1949—A&O 100 100 105 Amer Cities Pow & Light cl A.5 "2" 6e M l»t MflHi 10334 81 103)4 45" 1053* Washington Bait & Ann El 100 52 7834 10234 9834 9834 104 31a J&D - 10234 104 York Ry