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BANK/QUOtATION RECORD km. u. a. fat. office JANUARY IN RETROSPECT Page Commercial and Financial Events.... Cotton 10 .......... ... 1 Page Hides and Leather.. Iron and Steel Trade.... Course of the Stock Market...........14 Money Market Dividend Declarations New Security Issues... .......13 Federal Reserve Bank—Brokers' Loans .16 Foreign Affairs.. - 6 ...—....—17 Foreign Exchange. Grain—Coffee—Sugar .-10 9 ........ .......... 9 .......................15 ..... 12 Petroleum and Its Products........... 11 Rubber 10 ... Textiles.. 10 United States Treasury Financing.... 12 INDEX TO STOCK EXCHANGE QUOTATIONS Baltimore Stock Exchange ....67 Boston Stock Exchange... ,....68 \ 64 Chicago Stock Exchange. Cleveland Stock Exchange.. Detroit Stock Exchange. Los Angeles ...66 New York Curb Exchange.......... 41 New York Stock Exchange—Bonds....19 New York Stock Exchange—Stocks....31 Philadelphia Stock Exchange.........61 ..60 Pittsburgh Stock Exchange...........69 ...64 . . .. Stock Exchange San Francisco Stock Exchange........62 INDEX TO GENERAL QUOTATIONS Page Pagv Municipal Bonds- Banks and Trust CompaniesDomestic .100 Domestic.... Canadian .111 Canadian 83 ..91 Public -93 Utility Bonds.............. Public Utility Stocks............... -78 Insurance Stocks .......—.... Investing Companies Securities Railroad Railroad Stocks 84 . 92 81 Foreign Government Bonds. -91 ........ Real Estate Bonds Bonds..................... ........... ...... ..99 Real Estate Trust and Land Stocks. -84 ..72 Textile Stocks .................... -84 Joint Stock Land Bank— Title Mill Stocks—see Textile Stocks- United States Government Securities -91 Guarantee and Safe Stocks 84 Deposit ........................... United States Territorial Bonds..... ..91 lb WILLIAM B. DANA COMPANY, William Street, Corner of PUBLISHERS Spruce Street, New York Safe gjepxrsil ami Jrxxst Co. —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 1876 this Company has devoted itself cAuiuoively to the management and conser¬ vation of estates—specializing the whole effort of its highly trained organization in this business. It is one of the few trust companies in the country which has never engaged in general banking, selling securities, etc. Its Directors are: Edwin G. Baetjer Venable Baetjer & Howard Charles H. Babcock William G. Baker, Reynolds A Co. Jr..Baker, Watts & Co. Howard Bruce Chairman of Board of Balti' George C. Cutler President of Safe Deposit and E. President more National Bank Trust Co. of Asbury Davis of Baltimore United States Fidelity and Guaranty Co. Lyman Delano >. - _ - Chairman of Board of Atlantic Coast Line R. R. Co. Robert Garrett Norman James -Robert Garrett & Sons President of James Lumber Co. J. Edward Johnston.-.Capitalist Blanchard Randall Gill & Fisher Charles E. Rieman Pres. of Western Nat. Bank / BANK/QUOTATION RECORD U. REQ. Entered Bank The Bank and Quotation Record la publications of the companion one United States for the Chronicle are $15 per annum within the $18.50 in South and U. S. Possessions and Territories: $16.50 in Canada; (except Argentina), Spain, Mexico and and Central America Cuba, and $20 in other foreign countries. a at Bank and Quotation Record is $10 00 The subscription price to the $1.00 per copy. sold Single copies are f United States extra. Postage outsld~ year. <. CHICAGO OFFICE—208 South La Salle Street. LONDON OFFICE—Edwards A Smith, 1 Drapers' Gardens, WILLIAM DANA COMPANY, B. William Street B.C. Publishers, York Spruce Street. New corner itself cerned FINANCIAL EVENTS In passing the Jan. 18, the Representatives disregarded economy appeals and over¬ whelmingly voted for amendments increasing it by $2,300,000. Other actions of the House included passage of the conference report on the Housing bill on Jan. 21. The new measure, which will soon come up for Senatorial, opening of the Congress, of Administration drive for economic recovery an and through cooperation between government and industry, decisions court the the were development' in important more during activities governmental numerous month. the '• '• past to a conciliatory in considered observers Hie previous view of leaders. Administration of utterances which Roosevelt President from message Appealing for co¬ operation between the government and business to raise the world national income to insure the country's security in a of "high tension and disorder," Mr. Roosevelt urged enact¬ ment hour legislation, of control and wages structure with ministrative Federal Democratic representatives who so action favorable the of inclusion in measure reexamination the of year. have blocked bill. Southeastern States for return Prospects an Jan. 7 on understanding en¬ of a freight rate structure and Southern North-South a regular at this session appeared increased when Governors of seven dorsed far Administration's the on of the bill's passage the to holding the In legislation the President chided the South¬ plea for wage ern view a above $7,000,000,000 a expenditures to his agricultural general reorganizing the Federal ad¬ and legislation bills, wage differential in labor standards measure is enacted. whatever Discussing the budget, the President said that it could not be balanced during the fiscal next but that the deficit would year, strong national defense, of a again be re¬ Among other objectives, Mr. Roosevelt asked for a duced. continuation of work relief instead dole, revision of taxes which cause definite hardships on small business of the powers men, and measures capital of employment of capital." to end "the misuse suspensation ? of the Reverting to the tax question, the conclusion must be that while "Our declared: President selfish or insurance' of mortgages on $3,000,000,000. The pro¬ stipulated that "prevailing wages" be paid on The Jan. 14 criticized surplus to shift a greater forecast budget a year Jan. on 5, President 1939, despite planned economies of more The estimated $500,000,000. deficit for the current is $1,088,100,000, a rise of $670,000,000 from the deficit estimated by the President last In his April. the message President announced that regardless of the continued deficit the Treasury could restrict to its borrowings from the public refunding old issues and the billion ance cussed a billion new moneys from with Although the budgetary figure for defense billion dollars, members Appropriations national 'all dollar old-age reserve and unemployment insur¬ trust funds. is close to secure of the House Committees plans for defense program dollars. the President A Naval, a Jan. 25 dis¬ Military vastly and expanded estimated to cost an additional message Congress on Jan. 28. on on this subject liberaliza¬ profits tax; a broadening of the restrictions in the capital gains tax, and the inclusion of a held heavy as under the present tax structure. During one of the hear¬ ings of the full committee (Jan. 15) on the report, Roswell Magill, Under-Secretary of the Treasury, declared that the report to be a forerunner of a broad program of basic tax title new basket") "third (the was sent to to to closely apply corporations, which would make their taxes as revision to be concerned principally with the integration of Federal and State taxes and the elimination of tax-exempt Reports of renewed demands for securities. repeal or still capi¬ further modification of the undistributed profits and tal gains taxes were heard on both sides of the Capitol on Jan. 26 in answer to President Roosevelt's statement to the Jan. 25 in which he proposed that on press recession losses be borne by those the business getting the profits when in order to reduce prices. , Following receipt of the report of John D. Biggers, Ad¬ Census, Unemployment National the of ministrator 1, that the number of unemployed in the Jan. tween 16 Nov. on Nation be¬ 7,800,000 and 20 stood somewhere between 10,870,000 persons, President Roosevelt conferred fre¬ and quently during the month with business leaders. the first conference, Brown, Ernest T. Weir, General Motors Corp.; of the Chairman Attending Jan. 11, were Alfred P. Sloan Jr., on Chairman of the Board of the National H. cutting and that employers refrain from business is good, wages Steel Corp.; Lewis M. W. President of the Johns-Manville Corp.; RR., and Colby M. President of the General Foods Corp. After the Clement, President of the Pennsylvania Chester, we Roosevelt Federal deficit of $949,606,000 for the fiscal year ending June 30, than burden to the less fortunate." message, on, The report contains 63 specific gains tax. recommendations, among them the retention but Mr. "All of said: Sloan better understanding of each or deleted. was recommended corporation tax provisions to replace the widely new corrected in such a way as to restore abuses already termi¬ his the bill subcommittee Means and Ways started under work construction all conference In on Federal for allows proved hardships should be corrected, they should not be nated bill tion of the undistributed . Congress convened for its regular session on Jan. 3 and listened Appropriation Office Treasury-Post vision which regular session of the convening prevent a vote The House busied itself with appropriation bills of a routine character. approval, The a bill. anti-lynching the on with chiefly 5, of Southern Senators who desire to Jan. private housing to the extent of AND OF JANUARY—COMMERCIAL REVIEW with its The Senate con¬ filibuster, which started on during the month. legislative program of *Ke Commercial 3c Financial Ohronic'e and is issued monthly. Term NO. 2 Congress failed to make any material headway Quotation Record and D. C. March 3 1879. FEBRUARY 4, 1938 NEW YORK, VOL. 11 ' RAT. OFFICE Copyright In 1938 by WILLIAM B. DANA COMPANY, In office of Librarian of Congress, Washington, as Second Class Matter, March 9 1928, at the Post Office at New York, N. Y„ under the Act of X < S. sure are will an in meeting the On Jan. 14 the President re¬ appeal from a group representing industry, labor he that finance and enunciated as soon as "policy of government" and, in the interest nomic recovery, put an end ments have a agree we closer cooperation come difficulties of the moment." ceived us other's problems, out of which of to apparently conflicting state¬ Administration some affecting the national practicable a of speedy eco¬ spokesmen questions on Among those making the welfare. appeal were Owen D. Young, Chairman of the Board of the General Corp.; Electric Committee Vice-President Thomas W. John Industrial for of United A. Mine Phillip Workers of of the Murray, America'; Lamont, senior partner of J. P. Morgan & Co.; Charles Taussig, President A. L. Lewis, Chairman Organization; Berle Jr., of American Molasses Co., and former City Chamberlain of New York. Preceding his conference with these leaders, however, the President, at have a press any?" to a conference question on Jan. 14, declared "Why pht to him as to whether he 2 MONTHLY planned to eliminate all holding companies. He indicated that abolition of all holding companies was his ultimate He particularly specified holding company con¬ objective. trol banks of modification Jan. 18, war view be extended to that he a conference which bank holding companies, however, Jan. on 24 Carter Senator Glass inti¬ was announced Jan. 19, President Roosevelt told 49 Business Advisory Council that simple members of on his machinery for formulating governmental policy to reconcile interests of the elements all the object of a search President Roosevelt was by himself and the Administration. on Jan. 21 conferered with manufacturers automotive of the national economy and sales a financing group of Tax by anti-trust in industry, and pledged themselves to modify instalment sales practices and make further studies of the possibilities of regularizing employment. v the face of In court verse Commonwealth break the up continued governmental hostility and ad¬ decisions, Wendell L. Willkie, President of the Southeastern & Southern Corp., holding vast utility offered by concern properties the to Jan. on selling its 15 to entire Mr. government. Willkie proposed as "a last resort in a desperate situation" that the subsidiaries of his system operating in the Tennes¬ Valley by purchased in "their entirety" by the see ment at price to be fixed by negotiation. a govern¬ The situation of which he spoke was aggravated on Jan. 21 by the Federal Court's validation suggested cated by of below. mentioned by Mr. Willkie would the statement be conducted 25 of the Jan. on were TVA indi¬ when it is the stage of public hearings near legislation to his program tomorrow. Roosevelt Executive Issues Extending Order Life of Council to June 30, 1938 extended to Executive Order issued by President Roosevelt under date of Dec. 27, which modifies a previous 30, 1938, in an Executive Order under which the Council was to have been abolished Dec. 31, on in issued The earlier Executive Order was 1937. September. : Congress Calls for Additions to President Roosevelt in Message to Naval and Nation's Army Equipment—Vinson Bill Proposes $800,000,000 for Larger Fleet In special a message to Congress on Jan. 28 President looking to an increase in Roosevelt submitted his program the strength of both the Navy and Army. The message seeks 20% increase in Naval strength, and a bill to this end, introduced the same day by Representative Vinson (Democrat) of Kentucky, Chairman of the House Naval Affairs Committee, would authorize an $800,000,000 program calling for 47 new combat ships, including three more dreadnaughts, 22 new auxiliary vessels, 1,000 additional airplanes, 1,200 additional officers and 20,000 more enlisted men. Enactment of the bill it was said, would increase the naval program beyond expired treaty limitations to a strength comparable with that of other great Powers in their projected buildings programs. authorization for Valley Authority as negotiations along the lines some issue, The life of the National Emergency Council is June Tennessee the That and sent to conference. It is generally expected that the President will add National Emergency company the major another revision, House committee. a President who later issued a statement saying that they had agreed on the existence of some maladjustments abuses '•<' Wage and Hour Regulation—Passed by the Senate ; pending in a House representatives, and Reorganization—Passed in part by the House and scheduled early Senate consideration. was conference, con¬ committee. preparing a bill for the "orderly liquidation" of bank holding companies over a five-year period. At a third a Regional Planning—Pending before committees. that the Adminis¬ That this drive would and under study by House seeking to adjust differences. Housing—Passed by both chambers on within the definition came committee Government for by Senate and Control—Passed Crop ference slight against holding companies would be restricted only those companies when at indicated President the made was of the Utility Holding Company Act. mated A operating utility companies. this of when tration's to and REVIEW a The President's message in part stated: Specifically and solely because of the piling up of additional land and sea armaments in other countries, in such world peace and security, I make the manner as to involve a threat to following recommendations to Con¬ said that "in view of recent developments" it had authorized gress: David That there be authorized for the army of the United States additions material in the sum of $8,800,000. and that of this sum $6,800,000 be appropriated for the fiscal year 1939. (2) That there be authorized and appropriated for the better establish¬ ment of an enlisted reserve for the army the sum of $450,000. (3) That there be authorized the expenditure of $6,080,000 for the manufacture of gauges, dies and other aids to manufacture of army material, the sum of $5,000,000 thereof to be expended during the fiscal year 1939. (4) That the sum of $2,000,000 be authorized and appropriated toward the making up of deficiencies in ammunition for the army. (5) That the existing authorized building program for increases and replacements in the navy be increased by 20%. (6) That this Congress authorize and appropriate for the laying down of two additional battleships and two additional cruisers during the calendar year 1938. This will call for the expenditure of a very small amount of Government funds during the fiscal year 1939. (7) That Congress authorize and appropriate a sum not to exceed $15.000,000 for the construction of a number of new types of small vessels, such construction to be regarded as experimental in the light of new develop¬ ments among navies; and to include the preparation of plans for other types of ships in the event that it may be necessary to construct such ships in E. Lilienthal, a director, to negotiate with private utility companies for the sale of their operating properties municipalities and their public agencies to the TVA. to The of Associate Justice George Sutherland, 5, to take effect on Jan. 18, and the appointment F. Reed, Solicitor General of the United States, resignation Jan. on of Stanley Jan. 15, by President Roosevelt was the most important development in the Supreme Court during the month. Mr. Reed's appointment was confirmed by the Senate on Jan. 25. Among the important decisions handed down by the Court on A were: unanimous opinion, Jan. 3, on upholding Public Works Administration loans to municipalities for the con¬ struction of publicly-owned electric plants; an order issued oil Jan. 3 consenting to review the petition by the Electric & Share Co. to test the validity of the registration Bond 6-to-2 decision the Pacific If the to Gas & return Electric rates fixed lower a Co. of Government tribunal the case of California, to determine by the California confiscatory. were to Railroad Commission officials ;.v , / the future. provisions of the Public Utility Holding Company Act, and a : (1) to anti-aircraft I believe also that aimed of many the time has the prevention at burdens the years of come war. President Roosevelt Court at war legislation and the equalization Such legislation has been the subject for of full study in this and interpreted the latter ruling as opening the way to adoption by State Com¬ missions of President Roosevelt's "prudent investment" basis for rate-making purposes. Two important lower court decisions were handed down during the month, when on Jan. 21 a three-judge Federal for the Congress to enact of profiteering in time of possible previous Congresses. "clearly and Chattanooga, Tenn., upheld as "lawful" the TVA's competition with private power companies, and on Jan. 22 16 major Mid-West oil companies and 30 executives charged criminal conspiracy to raise and fix gasoline prices with during 1935 and 1936 Madison, Wis. injunction suit of the In were convicted in TVA the the case Commonwealth & the constitutionality grounds that the prop¬ erty worthless without just compensation. the An appeal will Supreme Court in both of the cases men¬ The issued Under for Securities a and Exchange Commission on Jan. 24 regulation curbing short selling on stock exchanges. the the effect SEC's account ruling of a no person, customer, for his shall, owrn account beginning Feb. or 8, short sale of any security on the exchanges at or below the price at which the last sale of the same security was a effected. Congress Convenes in Regular Session Congress convened for its regular session on Jan. 3 and immediately after hearing President Roosevelt's message both the House and lation industries conference which was Senate resumed consideration unfinished during of legis¬ the special session which adjourned in mid-December. Congressional leaders decided to speed up the enactment of a "Big Navy" program in accordance with the President's recommendations, and at the same time they planned to prevent the Ludlow anti-war referendum proposal from reaching the House floor for con¬ Associated Press advices of Jan. 2 from Wash¬ sideration. ington outlined the status of the xidministration's legislative program as Congress opened as follows :i Cannot Be Reduced a prepared statement distributed without reducing charge of more on a well wage levels. managed He added and solvent that industry consider casting the burden of a temporary business recession upon their workers than upon their bond¬ holders," and that "to cast such burden on its workers is not bankruptcy, but the bankruptcy of sound judgment." If industries reduce wages this spring, he warned, it will be necessary for the government to con¬ sider "other means of creating purchasing power." only moral business The President's statement tioned. Plant Modernisation* Jan. 25, declared that he is unequivocally" opposed to wage cutting as a means to achieve lower prices, and indicated that he believed price adjustments were possible in some mass production no an on Steel Prices Wages Roosevelt, in press should Authority's low rates would destroy them, rendering be taken to his dismissed court on President at Spend $80,000,000 to F. Fairless—Warns Without Cut in in most of them subsidiaries Southern Corp., which challenged of the TVA Act Says B. "those 18 utilities, by Subsidiaries Plan Federal court at a Warns Against Wage Cuts—United States Steel was in reply to a question ask¬ Benjamin F. Fairless, President of United States Steel Corp., that steel prices cannot be reduced ing if he agreed with without cutting wages. Subsidiaries of the United of States Steel Corp. have a bal¬ $80,000,000 available for continuance of their plant modernization program this year, Benjamin F. Fair¬ less, President of the corporation, said in a letter to the Senate Unemployment Committee on Jan. 22. Mr. Fairless ance over warned, however, that steel prices cannot be reduced with¬ a corresponding reduction in production costs, and par¬ ticularly in wages. Other spokesmen for the steel indus¬ try, who testified before the Senate Unemployment Commit¬ tee on Jan. 22, agreed that there were indications of an upturn in their business, and asserted that the industry's price increases in the last two years have not been greater out than increased House Is The and production costs. Approves $553,266,494 Naval Appropriations Bill—Allotment Largest Ever Made in Peace House, by sent tions bill. to the a Time vote of 283 to 15, on Jan. 21 approved genate the $553,266,494 naval appropria¬ 30, The bill, covering the fiscal year ending June ~ total 1939, carries record peace-time appropriations, which $26,723,186 above those for the current fiscal year. It pro¬ vides for beginning the construction of 20 vessels, including, two The House made no changes in the battleships. measure1 Committee cn Jan. 17. of the bill, however, indicated that there may be vigorous opposition to tbe large naval construction program President Roosevelt submitted in his special message Jan. 28. The Washington "Post" of Jan. 22 outlined the approval of the bill, in part, as follows: House Appropriations Committee leaders succeeded in holding their draft reported as* its Appropriations by Debate prior to the passage of bill the It intact. $26,723,186 provided more than this year's appro¬ priations, but $11,139,977 less than the Budget Bureau estimated. . . . "'' bill The A total provides: of $18,422,100 two cruisers, marine An eight tender, six submarines, one mine-sweeper, fleet tug, and one battleships, one sub¬ for starting construction on two new destroyers, 74 ships now including two battleships, three aircraft carriers, eight cruisers,, destroyers, 16 submarines, one seaplane tender and one destroyer tender. 43 of enlisted 5,285 and men the for officers 241 A continued The $2,824,224 for the Pearl Harbor manufacturing plant at Alexandria, Va.; (Hawaii) yard, and $1,500,000 for the naval air station at Alameda, navy California. The ,. • : ; Senate Appropriations ably reported $549,227,842, version of Naval a after making the measure. Committee House Committee on Jan. 26 favor¬ Appropriation Bill carrying a few changes in the House Concludes vision Hearings Tax Re¬ Administration on Hearings before the House Ways and Means Committee the Administration's tax revision bill were concluded on on Jan. 25; the Jan 23 Representative Doughton, Chairman of on committee, consideration indicated the on will the bill that floor of House the ready for be first the during the total added to the the result one and V; . The •; ■ subcommittee, headed by Representative Fred M. Vinson has written ' :'v (D., Ky.), capital gains and losses tax—paid mostly by business men—without chang¬ ing the rates The most earnings on individual House profits the percentage The That tributed. That required to and a year 20%, to from $50,000 decided was owners. "notch" were on on of Economy The the amount of House the other be given greater, from income 20% dis¬ with provision designed, to level out for closely held corporations, many of those corporations which earn less than they be subject to the undistributed profits remaining, these corporations would pay another flat counted as ordinary income and taxed recommend: taxpayers with losses, now limited to a deduction of $2,000, be per¬ to carry over any losses above $2,000 to offset against gains the capital gains and That mitted following ; That of losses, now year. , taxpayers whose personal . , ••• debate during flat 40% incomes are high be given the option of tax on . House by Vote Defeats Motion to to The "item veto" amendment several Appropriations the bill from in Committee on Jan. 17 eliminated approved by the House. the amendment Similar Measure Previously Federal Trade Commission- Approved by Senate of 107 to 10, on Jan. 12 approved a the Federal Trade Com¬ unfair methods of competition by increasing The House, by a vote bill designed to widen the power of over authority to cover unfair or deceptive practices. The bill, which in form is an amendment to the Federal Trade Commission Act, has already passed The House the Senate. accepted all amendments suggested by its Interstate Com¬ merce Committee, including provisions giving tbe Commis¬ sion more effective control over false advertisements of drug devices, and food, not contained in buster These provisions were cosmetics. Senate the bill. Senate Defeats Cloture Proposal—Halts Move Designed to End Fili¬ Anti-Lynching Against Bill A Senate filibuster Bill—Says Measure from .. Consider LudloW Anti-War Reso¬ Amendment Requiring Congress to Opposes Government Reorganiza¬ Would Transfer Too Much Authority President * minority bill, in which he declared against provisions for reorganization of the civil service and the government accounting service, as well as the delegation of authority to the President to regroup and consolidate independent agencies. The measure has been reported to the Senate by a special committee headed by Senator Byrnes. Senator Byrd asserted that the bill would provide for dangerous centralization of power in Senator Byrd of Virginia on Jan. 15 filed a report on the omnibus governmental reorganization the of the President and would deprive Congress hands of supervision of the spending of public funds. Sutherland Retires Justice from United States Supreme Court- Reed—Justice Van Devanter, Who Retired in June, Presides in Federal District Court in New York Succeeded Associate by Stanley Justice F. George Roosevelt that he President Sutherland on Jan. 5 notified would retire from the United States Supreme Court on Jan. Justice Sutherland, who 18. old, had been a member of the Supreme Court than 15 years, and in voting on important cases 75 years is for more lution—President Roosevelt Opposed to he Pdpular Vote to Sanction War generally with aligned conservative the so-called group. Under President Jan. Administration leaders, including House of Representatives on vote of 209 nays to 188 yeas, refused to con¬ pressure from Roosevelt, 10, by a the sider the Ludlow resolution for a constitutional amendment popular referendum before a formal declara¬ tion of war. The vote was cast in defeating a motion to take the resolution out of committee for consideration on requiring a but supporters of the measure declared that they would continue efforts for its passage. Actual approval of the floor, the power Republicans unsuccessfully sought of the appropriations. The which reductions •'"' ' capital gains, if it would be less than their surtax rate. This option would be profitable for incomes above $65,000 in most cases. •' / a voting proposed by Representative Woodrum after three days Senate profit-taking be encouraged by granting maximum relief from the of five years instead of 10 as at present. accepting amendment an appropriation item in a bill passed by Congress entire bill. This action was in line recommendations contained in the President's further tax at the end That accepted vetoing the the was option of accordingly, the committee will v had economy any tion the the balance. on In allotting bill, President Roosevelt to reduce or eliminate in the interest of , Then, after deducting $40,000, or 30%, whichever is 16% to 20%. appropriations Offices Independent $1,414,818,515 for 39 independent government agencies for the next fiscal year, was approved by the House of Repre¬ sentatives without a record vote, on Jan. 11, shortly after Senator Byrd in Minority Report the remaining $5,000. year pay an a from the follows: 12^% on the and distribute at least 60% of their income in dividends, the a year Committee Eliminates Amendment undistributed depending created to reduce the personal income taxes After exempting committee will recommend that tax of on to the one complicated the committee felt their Allotting Giv¬ Independent ing President Authority to Veto Appropriation Items in Interest earnings normal taxes category to the other. one Special treatment which depending rising from taxes under a the jump as ...V• . pay less be exempt or normal taxes pay the next $15,000, and 16% on 16% of pass recommend: $25,000 earning tax corporations paying of are corporations earning more1 than $25,000 tax to Government could levy on them undistributed profits tax of 7% to 27%, an profits $5,000; 14% The corporations of earnings distributed. corporations profits those affecting the are force to 1936 the Federal so subcommittee will tax undistributed first in Corporations under that law of 8% to 15% and on adopted tax, to stockholders income. Offices Appropriations Bill, Passes $1,414,818,515—Senate designed to halt enactment of a Federal Anti-Lynching Bill, which has been impeding all other legislation since Congress convened early this month, appeared likely to succeed on Jan. 27, when a motion by Senator Neely of West Virginia to invoke cloture and thus limit debate was defeated by a vote of 51 to 37. A twothirds majority would have been necessary to enforce the so-called "gag rule." Opponents of the Anti-Lynching Bill predicted that Administration leaders would abandon the measure, which was introduced during the last special session of Congress. income. important changes to be recommended undistributed as on of almost three to vote to an amendment roll-call test a in first 100-page report drastically revising corporate levies and the a in $1,000,000 to appropriations for personnel class post offices. its : leaders warned the House that major importance in indicating its of second mission said be would recorded was of the Treasury With regard to the subcommittee's report to the House Ways and Means Committee, the United Press on Jan. 14 Bill original bill was only $2,300,000, both attitude toward economy, yet a majority the existing tax laws, was submitted to the House Ways and Means Committee on Jan. 14 by the subcommittee headed by Representative Vinson. It became known during the month that Secretary for 1939. into war Democratic and Republican The report, embodying changes in Morgenthau recently voiced his opposition to new taxes at the present time, his views having been disclosed with the publication on Jan. 13 of testimony on Dec. 8 on the Treasury Department's appropriation bill resolution the of conflict. House Passes Bill Widening Powers of week of February. Roosevelt President believed likely to lead the United States more budget message to Congress. Bill—Secretary Morgenthau Opposed to New Taxes from he Treasury-Post Office without ' » that appropriation bill, carrying a total of $1,515,352,286, was approved by the House of Repre¬ sentatives on Jan. 18, without a record vote, and sent to the Senate for consideration. In passing the measure the House disregarded economy appeals and overwhelmingly voted for amendments increasing various items. Although with $1,277,000 to reopen the torpedo expansion program, letter a said House Passes $1,SIS,352,286 Treasury-Post Office Appropriation increase 1,000 enlisted and navy, read latter than to keep it out officers for the Marine Corps. 24 the would be , and men conclusion which commissioned officer strength—an Enlargement of enlisted and in and in adding oiler. one of $119,841,050 for continuing work on appropriation under way, 3 REVIEW MONTHLY FEB., 1938] resolution two-thirds vote. Speaker address, strongly condemned the measure, would Bankhead, in an require a was Justice Van Devanter, the Justice Justice Justice desired from On June. Devanter has Van District Chief another conservative, retired from During the current month in the United States Court in New York City under assignment from Supreme Court last presided Hughes. Sutherland told the President in a letter that he to take "regular Jan. 15 advantage of the active Sumners Act and service." President Roosevelt nominated Reed to be an Associate Justice of the ceeding Justice Sutherland. retire • Stanley F. Supreme Court, suc¬ The nomination was confirmed 4 MONTHLY REVIEW by the Senate been seat the on Jan. 25, and. Mr. Reed, who had previously of the United States, assumed his on Solicitor in the case, in which the lower courts have upheld the law. reported in Washington that a decision might be ex¬ pected by spring which would end the long government effort to compel the company to place itself under the juris¬ General Supreme Court It Jan. 31. on Robert H. Jackson Nominated by President Roosevelt as Solicitor General of United States to Succeed Stanl-y Reed r Robert was diction H. of Securities the and Exchange Jackson, Assistant Attorney General of the United States in charge of the anti-trust division of the De¬ partment of Justice, was nominated by President Roosevelt Washington dispatch of Jan. 3 Jan. 27 to be Solicitor General of the United States. Jackson is named to succeed defendant company until doubt on The Mr. all administration Associate Justice of the United an Department Justice and of the SEC A "Times" follows: as joined York last month with the the review, the government contending that points raised was finally cleared up effective in asking the on the Act would be of Commission. the New discussed the implications of the order Stanley F. Reed, former Solicitor General, who has become States Supreme Court. to United States Supreme delayed, and public interest damaged. Court Decision in California Utility Case Seen as Opening Way to Adoption of "Prudent Investment" Theory for Rate Making—Ruling Returns Case to Lower Tri¬ bunal to Decide Whether Rates Were Confiscatory Justice Sutherland Final Attacks"Meaningless" Business Practices in His Supreme Court Decision—Ruling in Case Against Minne¬ sota Tea Co.—Tribunal Presidential Veto Sent In the last in Two Separate Opinions Upholds Congressional Branch in Recess to Supreme Court opinion written by The United States Jan. 3 returned to Justice Gas Sutherland, who retired on Jan. 18, the tribunal attacked "meaningless" business practices and warned that a because reached a in Tea Co. its On the on tax case against the Minnesota day the court returned two opinions, both concurring as to conclusions, within the in 10-day limit to such a construction of cisions regarded publicly-owned electrical plants. The de¬ as an important victory for the Ad¬ incident to its Secretary Ickes, commenting had and power utility program. Administrator of the Public as Administration, said three-year fight by the $109,700,000 which that the court's action power corporations been intended for and 61 Water Justice absent from the bench was reported as due to his continued illness. bitter controversy a over the legality of Public Works Administration loans and grants to municipal power plants, the real issue decided was whether the Alabama Power Co. and Duke Power Co. had legal right to complain of competition. Justice Sutherland, in the course of his opinion, agreed that munici¬ palities had a right to accept the money from the PWA; but the point upon which the case hinged, as Administrator Ickes later whether the government grant plan The it and that was been that the one for a an Asserting invaded same if the the standing to that the Columbia validity legal Sutherland ruled of of rights said to the accept PWA money, loans the Alabama Court business he it be will went from Justice the County, S. C., had it of case Mr. Massachusetts be or lawful He a in Mellon, he held that, v destroyed competition it said did not that by the from District the operations which Columbia of District power a of legal no company "namely, possess, municipal competition." Sutherland explained how the the The Court consider issue to Act was of an the wrong anticipated right to be im¬ . Alabama Power Court, which suits decided were that brought the challenge the validity of the loans and grants, injunction and dismissed the suit on the ground in the District of Columbia found it necessary the validity of the loans and grants and affirmed the decrees of the District Court dismissing the bills on the ground that no legal or equitable right of the power company had been invaded, and the company, therefore, was without standing to challenge the validity of Administrator Ickes's actions. "With that view we agree," said Justice Sutherland. Accepting the findings of fact of the trial tice Sutherland make the Authority to say The rates agreed Alabama that towns there build was no plants court as "unassailable," Jus¬ coercion by the government to Tennessee or accept to Valley power. Supreme Court Agrees to Review Validity of SEC Registration Provisions in Suit by Electric Bond & Share Co. The United States Supreme Court on Jan. 3 issued on order consenting to review the petition by the Electric Bond & Share Co: to test the validity of the registration pro¬ visions of the Public Utility Holding Company Act of 1935. Both the company and the government this action, since they are anxious to the were in accord with advance from accounts Washington, Jan. 3, the following Indianapolis "News," had complaint for the of in on company suit and Following complex legal 1932. injunction an appealed company the city finally of to the Indianapolis, dismissed was Circuit fixed new the maneuvers, by the District Court. ' That tribunal mission remanded appealed to have not jurisdiction case dissenting for court on hear to Justice Charles a the the high Chief the Evans opinion further proceedings, and the the ground the company's Circuit Hugo did appeal. Hughes read the court's Justice com¬ Court L. Black decision. said: "I believe the Slate of Indiana has the right to regulate the price of water in Indianapolis free from interference by Federal courts." contended of want the should court order dismissal the of litigation "for jurisdiction." Americans Not Permitted to Deduct Taxable, Income, According to Foreign (British) Taxes from Ruling by United States Supreme Court—Tribunal Also Approves Tax Assessment Against[du Pont Company Decisions by the United States Supreme Court on Jan. 10 legally deduct from their taxable income taxes arguments on their by foreign governments. The court also ap¬ proved a $2,000,000 assessment against a holding company controlled by du Pont interests. In another formal opinion, the court, banana by vote of 7 to 2, held a through cargo the that the rotting of a stranding of the Norwegian steamer Smaragd in Chesapeake Bay was a "peril of the sea" which entitled the shipping company to collect insur¬ ance on the The cargo. tribunal also agreed to rule on State may tax income derived wholly from inter¬ state commerce and that derived from tax-exempt municipal a bonds. The decision in connection with foreign taxes found that taxes paid by stockholders on profits by British corporations before the profits were distributed as dividends cannot be deducted from the income taxes which Americans must pay, and thus rejected pleas made by Mary Duke Biddle of New York and George E. Elkins of Elkins Park, Pa. Dissenting votes were cast by Justices McReynolds, Butler and Suth¬ erland. United States Supreme Court Holds District Courts Are Not Em¬ powered to Enjoin Hearings Held by NLRB Under Wagner Act The United States Supreme Court on Jan. 31 ruled unani¬ mously that Federal District Courts are without authority to enjoin hearings conducted by the National Labor Rela¬ tions Board investigating unfair labor practices by panies subject to the Wagner Labor Relations Act. com¬ The ruling grew out of legal action brought by Bethlehem Shipbuilding Co., and Newport News, Va., Shipbuilding & Dry Dock Co., said the United Press advices from Wash¬ ington, Jan. 31, which added: Both labor sought to enjoin Board practices at their plants intrastate The United States commission, for Court, Press the regarding the action: company's com¬ constitutional. Appeals United appearing in whether v. Sutherland said: curtailed further. lawful declined that to used was had legal standing to pany but in competition. damage from something in agreed concerned results." mune grants companies financing. towns though even Court power companies considered themselves taxpayers, "the taxpayer in the moneys in the Federal Treasury furnishes no appeal to the preventive powers of a court of equity." that the legal rights of the Alabama Power Co. were not municipalities, But mission. not and power PWA Buzzard Roost project of Greenwood by competition, its the case of the appeal of the Indianapolis Water Co. against rates proposed by the Indiana Public Service Com¬ loan-and- the Appellate Supreme the oppose four the of the States Supreme Court affirmed an Court of Appeals calling for the Indiana Federal District Court Circuit However, court. as was the interest of "If no citing the famous although the Seventh a investments District consider whether had destructive" Then basis the right "lawful standing in would be the Justice Sutherland and to was companies suit perfect issue invaded. Justice had proper result with necessary the had the agreed Service resulted in two important victories for the Administration. The court, by a vote of 6 to 3, ruled that Americans may stated, had been the focus of attack. opinion that corporations power experts said Public in He Cardozo Although there has been of further proceedings in ended released Washington dispatch of Jan. 3 to the New York "Times": Court Directing Court in Appeal of Indianapolis Opposing Rates Proposed by State In were a Co. On Jan. 3 the United order projects but had been held up by injunctions in 23 States. The court's decisions in these two cases follows in Affirms,[Order of Lower Further Hearings in Indiana Municipalities The United States Supreme Court, in two unanimous de¬ which were rendered by Justice Sutherland on Jan. 3, ruled that the Alabama Power Co. and the Duke Power Co. did not have standing in court to challenge the validity of Federal loans and grants to municipalities for Works rates confisca¬ were Commission PWA Loans to cisions a the California Railroad Commission United States Supreme Court effec¬ was Construction of Publicly-Owned Electric Plants—Decisions as Victory for Government in Utility Program M ministration determine if the to bench because of illness. Regarded were of the Pacific case bill is returned a case. Supreme\Court Unanimously Upholds for when branch of Congress while it is a Both opinions contended that the veto recess. tive in the question whether on Presidential veto is constitutional a California vote of 6 to 2, on a lower tribunal the Government officials interpreted the ruling as open¬ ing the way to adoption by State commissions of President Roosevelt's "prudent investment" basis for rate-making purposes, instead of the 39-year-old theory of reproduction Justices Butler and McReynolds dissented from the cost. majority opinion. Justice Cardozo was absent from the income same Supreme Court, by a Co. of tory. straight path is not made different a devious path.' This de¬ Jan. 17, returned a victory for the by following cision, handed down government fixed by given result "at the end of & Electric and commerce Massachusetts of Appeals enjoined thus Federal action on on complaints of alleged the ground that they operated were not District within Court the and Board's the jurisdiction. First the Board from further proceedings in unfair solely in Circuit Court connection with investigating complaints by the Industrial Union of Marine and Shipbuild¬ a Committee for Industrial Organization affiliate, ing Workers of America, of alleged unfair labor practices at Bethlehem's Fore River, Mass., plant. Fourth Circuit Court of Appeals held in the Newport News Co. The case that Board. Federal The Bethlehem under the high case-as Labor courts do tribunal the Act. not have today vehicle for authority to halt proceedings of the this position, but it used the upheld defining the power of Federal courts MONTHLY FEB., 1938] The court's Stanley decision by Justice Louis D. Brandeis shortly after read was Reed, Forman President Supreme Bench, had been sworn Roosevelt's to appointee second the said the in. of Guilty of Gasoline Price-Fixing—Verdict Will Be Their Officers Wit., Finds 16 Oil Companies and 30 petroleum companies and 30 of Jan. 22 were convicted by a jury large Mid-West their chief executives Federal Court on at Madison, Wis., charges on alleging gasoline prices in violation of Attorney General Cummings, in Wash¬ to fix conspiracy the anti-trust laws. ington, termed the verdict a "major victory" for New Deal Counsel for the defendants on Jan. 25 filed mo¬ the jury's verdict, and it was indicated that, if necessary, the case would be carried to the United policies. tions to reverse Supreme Court. The trial was brought under way on Oct. 4, at which time the defendants num¬ States at Madison publications and 46 directed verdicts during the course of the trial. Associated Press accounts from Madison, Jan. 22, in noting that the jury returned verdicts convicting the defendants of conspiring to fix gaso¬ line prices in 10 Mid-Western States during 1935 and 1936, 23 bered oil companies, three new defendants' J. William disposing of these the Supreme to individual Hammond Prosecutor defendants Justice from personal bonds. and the convicted officials who were involved. alleged in Washington. . . follows to the United States Supreme previous decisions by that The the holding in Alabama Power Co. versus Ickes, point. one ruling said: * "A will decree be entered the ■ . ■ ; '. corporations convicted were: Co plainants. The and Madison, on Jan. 22, advices to the New York held that control, TVA's that and "All of the TVA dams used far so primary purpose Authority's the on both the constructed, as is navigation of sale it grand had evidence and documents from private indictments trade three against twenty-odd files of defendant companies, returned companies, a number of individuals, and River and its tributaries [Tennessee] planned, are as shown The required are the statutes, to under the Three-Judge trial to the official TVA referring to utility counsel claims that complainants were opinion, "Since the complainants have not sold, they have not been forced to sell their properties, and the negotiations for sale presented In this record do not evidence legal principles. No malice in law Is shown on acts deemed coercion under settled this record. ' ... "Neither has ! unlawful proved. The attempt to show that complainants' customers to breach their competition been the Authority has endeavored to persuade Presentation of testimony and documentary evidence was completed suit The hearing on this second major Jan. 14. on challenging the constitutionality of the TYA was opened Nov. 15. on Wisconsin Supreme Court Invalidates "Little TVA" State Wisconsin mously ruled lette the 11 unani¬ Authority Governor LaFollette's "little TVA") was as The bill was signed by Governor La Fol- The court ruled that in passing the bill July 1 last. on Supreme Court on Jan. Wisconsin Development the that (often described Legislature had delegated sovereign govern¬ privately-controlled corporation by granting to it responsibilities which could be vested only in public officials. According to the Milwaukee "Sentinel" of Jan. 12, the mental illegally the to power decision did not pass on the question of whether the duties Development Authority were public or private in character, but commented on the fact that the of the Wisconsin Legislature had placed no check whatever on how its funds were nel" to be spent, how its decisions were to be made, or what From the "Senti¬ also quote: we and Frank Association would Stone dismissed Court in Chattanooga Upholds Constitu¬ Losers ih^Suit, TVA—Eighteen Private ^Utilities, Appeal—Power Generation Held an Incidental TVA Activity\ decisions on major New Deal legislative policies was rendered on Jan. 21, when a special three-judge United States District Court in Chatta¬ nooga, Tenn., upheld the competition of the Tennessee Velley Authority with private power companies, and dismissed an injunction suit by 18 private utilities which challenged the constitutionality of the law creating the TVA on the grounds that the Authority's low rates would destroy them, thus making their property worthless without due compen¬ sation. The utilities charged that the TYA was "primarily H. of precipitated when Richard Lehmann, Frank Zelhofer was Meyers, all members of the United Taxpayers' Cooperative Milwaukee, told Secretary of State Theodore Dammann they bring suit if he released Authority's Mr. Judge Federal tionality of by be being forced to sell their properties, asserted: publications. charges against several com¬ panies and more than a dozen of the individual defendants. A few others originally indicted were not brought to trial. On the government's motion, the three trade publications were freed. In the first indictment, acted on today, the companies and executives were charged with conspiring to raise artificially and fix tank car prices through purchases from small independent refiners on the open car market. The government contended that the major companies' relatively small purchases on the spot market were at progressively increased prices, thus increasing their returns from the comparatively larger amounts sold to jobbers. Defense lawyers argued that the buying program followed the industrial stabilization program begun by the government under the National Recovery Administration, although it was not dependent on it for authority. The defense also argued that through individual purchases of "distress" or surplus gasoline from the small refiners, the large companies prevented dumping and demoralization of the market, restored fair competitive con¬ ditions, and brought about a price parity between crude oil and gasoline such as the government had encouraged. During improvement electric "yardstick" employed as an inte¬ grated, coordinated system for the combined purpose of navigation, flood control, power and national defense." and reports The court test jury started action on the case in April, 1986, and investigated the whole set-up, subpoenaing about 18 tons of Federal A ; injunction does not constitute unlawful competition with private utilities. power "Times" said in part: after \ the Finding of fact and conclusions of law will be filed." court flood parts of the State it should operate in. From , denying sought, dismissing the bill of complaints, and taxing cost against the com¬ unconstitutional. Socony-Vacuum Oil Co., Wadhams Oil (Socony-Vacuum subsidiary), Standard Oil Oo. of Indiana, Pure Oil Co., Sinclair Refining Co., Barnsdall Refining Corp., Shell Petroleum Corp., Skelly Oil Co., Continental Oil Co., Mid-Continent Petroleum Corp., Cities Service Co., Empire Oil & Refining Co. (Cities Service subsidiary), Phillips Petroleum Co., Globe Oil & Refining Co. of Kansas, Globe Oil tc Refining Co. of Illinois, Globe Oil & Refining Co. of Oklahoma. The and since the statute is constitutional, the com¬ recently decided, squarely applies." That decision upheld the TVA's right to sell surplus power from the Wilson Dam, the ruling being held The surplus purchasing of claim to operate under an exclusive exists; since the Authority Is coercion or conspiracy the case Chaffetz said any word regarding 10 not brought to trial at this time must Department officials government program "It strictly to this Court if necessary. defendants fixed the prices through a gasoline from independent refiners, on whose selling quotations the majors, by contracts, based their prices to their jobber customers. Wisconsin, Michigan, Minnesota, North and South Dakota, Iowa, Illinois, Indiana, Missouri and Kansas were the States The referred court Donovan comment, but members of the defense staff have said to be carried Special come the Counsel of sentencing until question the continued Defense declined a delayed and Chief trial, Federal Judge Patrick T. Stone said he announced he would set a date later for hearing the for and He motions, would and rest a The Court: immediately to file motions to set aside Although the defense prepared motions. malice, existing contracts for purchase of power from the complainants has totally failed." added, in part: needed of the complainants none fraud, no not exceeding its statutory power, trade the number was reduced by individuals; the verdicts ruling added: franchise, supra, Appealed criminal Chattanooga, from which petition with these complainants is lawful." participate. Federal Jury at Madison, in Press accounts from "We conclude that In Sixteen United following is taken: The delivering the opinion, Justice Brandeis indicated that there was no dissent. Justice Cardozo, who is ill, did not 5 REVIEW any part of the Wisconsin Development appropriation. Dammann refused to approve the first expense vouchers, totaling The Attorney General's office then went before Circuit Judge Alvin Reis of Madison for a writ of mandamus. Judge Reis held the Act $109. C. legal, but Mr. Dammann appealed to the Supreme Court for a further test, and Judge Reis reversed. was Norris Resolution for Inquiry into Alleged TVA Dissension Favor¬ ably Reported to Senate 1 A resolution sponsored by Senator Norris, proposing an investigation by the Federal Trade Commission of reported dissension in the Tennessee Valley Authority, was favorably reported by the Senate Agriculture Committee on Jan. 21, the day as that on which a Federal court upheld the same Senator Norris explained that constitutionality of the TVA. the chief purpose of his resolution is to determine whether disputes are affecting operations of the TVA internal project. It revealed was Chairman of the on Jan. TVA, 22 that Dr. had recently Arthur E. testified Morgan, before the House Rivers and Harbors Committee and had opposed the extension of TVA power principles to other parts of the 1 Nation. One of the most important court Federal Court in Illinois Fines Union $117,000 for Three-Year Strike Illinois Mine Owners Receive Judgment for Conspiracy and Vio- lence—Right to Strike Upheld ""Federal Judge Fred L. Wham at East St. Louis, 111., Jan. 13 ordered seven on local and 66 members of the Pro¬ gressive Miners of America to pay $117,000 damages to the United Eleotric Coal Co. for alleged interference with the operation of its Red Ray Mine near Freeburg, 111. The company had sued for $400,000 for alleged losses following i the closing of the mine because of a strike from April 1, 1933 a mammoth power business" in attacking the validity of to Feb. 11,1936. Counsel for the union announced that the the New Deal's "yardstick" electrical power agency. Court's decision was a "direct blow at the right to strike," The unanimous decision was read by Presiding Judge and said that the case would be appealed. Florence E. Allen of the Sixth Circuit Court of Appeals of Judge Wham differentiated between the unquestioned right Cincinnati, who, with Tennessee District Judge John D. of workers to strike and a well-organized plot to interfere Martin, Memphis, and John Gore of Middle Tennessee, with the operations of a company, according to special advices signed the decision. Counsel for the utilities indicated that from East St. Louis to the Chicago "Tribune" Jan. 13, they would file an early appeal to the United States Su¬ which in part stated: preme Court. Judge Wham limited the company to recovery for losses allegedly in¬ The court, in its conclusions, held that "these complain¬ ants have no immunity their business be curtailed or The to lawful competition destroyed." from even if 7,500-word decision required more than 40 minutes read, marking a climax to a <suit which began Nov. 15, curred between Sept. He held there 7, 1934, and Jan. 20, 1936, when the mine opened. had not been a deliberate conspiracy in the controversy prior to that period. The $117,000 judgment was made up of have been derived from operation $70,000 for net profits that would of the mine, $22,000 overhead losses. 6 and MONTHLY $25,000 shutdown The expenses. ruled Judge the company was entitled to actual but not punitive damages or interest on the award. The company had claimed it lost $300,000 in business in the period that mass , picketing and violence caused it to close, and was forced to spend $100,000 for maintenance. EEVIEW that seem could be made moves with natural market levels. New York Court of Appeals Upholds Legality of Closed Shop—Unani" mously Rules Contract Between Brooklyn-Manhattan System and Union Is Valid The legality of Transit ' closed shop agreement was unanimously sustained on Jan. 18 by the New York State Court of Ap¬ peals, which upheld such a pact between the Transport a Workers' Union of America and the Brooklyn-Manhattan System. Six employees of the company, not mem¬ bers of the union, had attacked the agreement on the grounds that it constituted a monopoly and was contrary to public policy. The Appeals Court affirmed the rulings of the Appellate Division and a Special Term of the Supreme Court, both of which refused to grant to Charles Williams and others an injunction to halt enforcement of the contract. domestic —Board Rejects Petition The Ford Motor Co. but Labor Relations Board the National petition asking the Board to set its unanimous decision accusing the com¬ aside and vacate a of violating the Wagner Labor Relations Act, and order¬ pany it to ing Jan. 3 filed with cease any attempts to discourage membership in the United Automobile Workers' Union, an affiliate of the Com¬ mittee for Industrial Organization. The NLRB decision issued Dec. 23, following a long investigation of charges by the union that the company was impeding union activity, contrary to the Wagner Act. The Board declared that the company had employed workers using methods to intimidate union members, and said that the company is still engaging in violations of the law. The Board on Jan. 5 rejected the Ford petition and officials said that they would ask the Federal Circuit Court of Appeals was for an on order to enforce the Board's decision that the com¬ had violated the law and should reinstate 29 em¬ ployees who had allegedly been discharged for union activity. On the same day the company issued a statement assailing findings of the Board as "unjustified by the facts and un¬ supported by the evidence," and announced that it would not comply with the NLRB orders. pany The NLRB on Jan. 6 announced that it had asked the Sixth Circuit Court of Appeals in Covington, Ky., to enforce its decision, which accused the Ford Motor Co. of violating the Wagner Labor Act, and ordered it to cease any attempts discourage membership in the United Automobile Workers' Union, an affiliate of the C. I. O. The petition to the Ken¬ tucky Court said that judicial action was necessary as a result of the Ford refusal to abide by the Board's ruling. to End of Fioe-Month Strike of Workers in Horn A Hardart New York ' Automats—Agreement Fails to Provide Union Wage Increases—34S Strikers Will Regain Jobs Recognition or A five-month strike of employees of the Horn & Hardart Automats in New York City, which had resulted in more than 1,150 arrests and in mass picketing which obstructed public use of the sidewalks, interchange of letters ended was the among on Jan. 5 with management, the an two American Federation of Labor unions which had sponsored the walkout, and the New York State Mediation Board. The agreement did not provide recognition for the union, increase was granted, and all strikers lost their seniority rights. It provided that 345 strikers would regain their jobs within six months. no wage J. P. Kennedy Nominated Ambassador to Great Britain—Confirmed by Senate President Roosevelt on Jan. 7 sent to the Senate Senate confirmed the nomi¬ RooseveltJ$K&ttuests Until April I In : tendering to President Roosevelt on Jan. 14 his resig¬ as Comptroller of the Currency, J. F. T. O'Connor, nation indicated it "to take as his desire to return to his home in California of pressing matters there." In "regretfully" Comptroller O'Connor's request that he be relieved of his duties, the President asked that he withhold his resignation until April 1. Mr. O'Connor was appointed Comptroller by President Roosevelt in May, 1933, at which time Mr. O'Connor noted, "the banking crisis confronted you immediately upon assuming office." acceding care to Silver Program Despite the modest improvement effected in the Roosevelt Administration's silver program through reduction of the domestic buying price on Jan. 1 to 64.64c. from 77.57c., it hardly appears that any genuinely sensible steps are con¬ templated. The Treasury naturally remains under the compulsion of the Silver Purchase Act to continue accumu¬ lations of useless and expensive white metal. But it does the heels of the reduction in the price on metal, Secretary of the Treasury Ilenry Mor- Jr. the Mexican Finance Minister, Eduardo joint statement that "mutually satisfactory arrangements have been made with regard to Mexican sil¬ ver" as a part of a general understanding on common prob¬ Suarez, issued a lems which included "continued stability of peso-dollar ex¬ change." On Jan. 10 Senor Suarez announced in Mexico City that 35,000,000 ounces of the metal accumulated by his government States Treasury, along with 5,000,000 newly-mined silver each month thereafter. This of ounces under the four-year silver treaty would be United the to immediately confirmed by Mr. Morgenthau, who dis¬ incidentally that 45c. an ounce would be paid for was closed the metal. felt made At the on a conference, Mr. Morgenthau plainly regarding this transaction, and he press defensive damaging admissions. If Mexico had sold its 35,000,000-ounce accumulation on the London market, he declared, "world prices would have been subject to serious some fluctuations." This can only mean that our Secretary of who presumably should safeguard American interests, felt the price might break sharply if the Mexi¬ the Treasury, silver offered in London. Just why he feels it paying 45c. for silver that, by his own admission, could be acquired more cheaply and at less expense to the long-suffering American taxpayers, Mr. Morgenthau did not make clear. can This aspect were to necessary continue entire matter the as actions that assumed an ever more unfortunate month progressed, for Mexico took some hardly be harmonized with the paternalistic can attitude of Mr. Morgenthau and his careless handing of largesse to that country at the general expense of American taxpayers. Nor can they be made to accord with the goodneighbor policy that supposedly regulates relations between American republics. For some months the Mexican regime has been pushing a natural resources and agrarian program that is causing incalculable losses to American oil com¬ panies and property owners. Mexican workers sedulously to in the the same Egregious wage oil industry have end. Apparently, demands by fostered been none of these antagonistic measures is to be abandoned in return for the largesse handed to Mexico so regally by Mr. Morgenthau. This matter finally reached an unimaginably one-sided stage on Jan. 19, when a decree was issued in Mexico City rais^ ing import tariffs 100% to 200%, with the advance directed mainly against American products. A State Department demarche was made, but it appears that Ambassador Josephus Daniels contented himself with expressing "great surprise and regret." Secretary Morgenthau promptly was slap at Uncle Sam's face would have, but he replied loftily that "we don't mix asked what silver our effect the latest Mexican and other matters." In addition to Mexican purchases, it is understood Mr. Morgenthau kindly is buying Canadian and Chinese silver month by month, and those familiar with the peculiar workings of this Administration surmise that here also a figure far over the natural world price of the metal is being paid. British Equalization Fund Chancellor of the Exchequer Sir John Simon made known in London, at the start of the year, some essential details of the British Exchange Equalization Ac¬ practice was started six months earlier in the demand for suitable knowledge of the of the operation in Comptroller of Currency— That He Delay Effective Date no che price for step in the right direction, sign of a comparable move and Resignation of J. F. as The reduction in modest a of American results. T&JCPConnor hand to modify genthau nation, which on the previous day had been favorably re¬ ported by the Senate Foreign Relations Committee. Mr. Kennedy, who prior to becoming Chairman of the Maritime Commission, had headed the Securities and Ex¬ change Commission, will succeed the late Robert W. Bing¬ ham, who died on Dec. 18 in Baltimore. President one vfvV* Following close the Joseph P. Kennedy, Chairman of the Mari¬ Commission, to be Ambassador to Great Britain. On Jan. 13 the United States was sort. every nominations of time silver unfortunately there is sold on the toward monetary sanity in the acquisition of foreign silver. In fact, the foreign purchases appear to be effected at times with a strange disregard of American interests of Transit Ford Motor Co. Appeals from NLRB Ruling That It Violated Wagner Act—Denies Charges of Coercing Workers and Asks Rehearing on the purchase requirements through amendment of the law, and on the other to keep the purchase prices, whether for domestic or foreign silver, to levels more nearly consonant count. This to response made As on available the former occasion, the information now three months late, was this interval being considered advisable to prevent speculative activities based on the the disclosures. official There was, however, nothing startling disclosures, for they reflected only the additions to British gold holdings that all the world knew were in progress in the period between March 31 and Sept. 30, 1937. ounces Equalization fund holdings were 39,854,000 an increase for the six months of Sept. 30 last, on 13,180,000 ounces. the holdings might total Calculated on be the basis of $35 an ounce, valued at $1,394,890,000, but England, there is, of course, no sort of official valuation, in for such holdings. Foreign exchange holdings were said to be trifling. It is safe to say the British fund lost gold in the final quarter of 1937, just as the American fund is known to have lost some gold through repatriation of fugitive funds. Although belated, the disclosures regarding the British fund are appropriate and advisable, French and it is pity that our own monetary managers have not yet realized the reasonableness of such statements regard¬ ing their handling of other people's money. a Bank for International Settlements Little of the business for which it done by the Bank for International pean central bankers continue to I was designed is being Settlements, but Euro¬ gather at Basle for the ' MONTHLY Feb., 1938] the illuminating discussions such occasions. In the meeting that monthly Board meetings and that always occur on took Jan. 10, a Basle dispatch indicated, problems occasioned place "Times" of the New York by the armaments reported spurt were surveyed. The central bankers were to be in agreement that the race may provide some tempo¬ also held that the added expenditures "solve nothing political or economic, and lead only to eventual destruction." Not much hope appeared to be placed by the bankers in the economic survey and recom¬ mendations of former Premier iPaul van Zeeland of Belgium. In view of the current state of the world, the bankers believe, any plan that now may be suggested is sure to be "premature." German a^d Italian spokesmen apparently made it clear that nothing in the report could induce them to abandon or modify their programs for autarchy, or national self-sufficiency. This means, in turn, that trade restrictions and exchange controls will be continued by the leading fascist countries. French troubles came up for discussion, but spokesmen for that country insisted that the economic and financial situation of France has improved stimulus for business, but they rary of late. Van Zeeland Report From the vantage point of his experiences as Premier of econo¬ Belgium and his high scholastic attainments a> an mist, Dr. Paul van Zeeland elaborated a detailed report possibility of obtaining a general reduction of quotas and of other obstacles to international trade." This document, submitted at the joint request of the French "the on British and Governments,. was made public Jan. 28, and that it constitutes a valuable addition to the literature of modern economics. It is well under¬ stood that the document was subjected to whatever changes may have been urged by the British and French Govern¬ ments, for Dr. van Zeeland conferred at length with London and Paris officials before it was published. In the course it may be said at once of those conferences the rumor was circulated that the governmental sponsors were disinclined to make the docu¬ ment public, but such suppression fortunately was not attempted. The former Belgian Premier makes it plain that many measures which only governments can take should be effected in order to achieve an expansion of world trade. The inevitable conclusion was that govern¬ ments should act to remove or reduce the barriers to trade which they set up so plentifully both before and after the depression started. After close study of the report, London, Paris, Berlin and Rome dispatches all indicated that the leading European regimes were not inclined to 1929 regard the current moment as a suitable one for putting of the recommendations into effect. Dr. van Zeeland examined all aspects of the any decided that the difficulties are many problem and and diverse, and that 7 REVIEW already are being asked for their Mr. Hull also made it known on Jan. 10 that he intends to conclude a reciprocal tariff treaty with Turkey. Hearings in this case are to start Feb. 23. Meanwhile, it appeared that arrangements for putting a new ordinary commercial treaty with Italy into effect had struck a diplomatic snag. Italy insisted that the new accord be negotiated in behalf of the King of Italy and Emperor of Ethiopia, but Washington does not extend diplomatic recog¬ nition to the conquest of Ethiopia, and there the matter rests. * A temporary agreement which extends the old com¬ mercial treaty was continued in effect. in the views United Kingdom on the problem. American Two Foreign Policy highly important declarations on the foreign made during January by of this Administration were policy Presi¬ and neither was of a nature to comfort sincere believers in the traditional policy of avoiding for¬ dent Roosevelt, By far the more im¬ its practical implications, was the message sent to Congress on Jan. 28 urging an immediate huge increase of naval appropriations. The stimulus this program will give the international armaments race is incalculable, and the reason for the increase is not entirely clear despite the President's comments that the uncertain¬ ties of the world situation require it. In the course of the message, Mr. Roosevelt assured the country and the world that intentions behind the increase are purely and strictly of a defensive nature. This, of course, is precisely the same plea that invariably has accompanied the similar increases of armaments in every country of the world, with¬ out a single exception. President Roosevelt asserted that the present defenses are inadequate for our national secur¬ ity. With that statement it is possible to disagree. The second statement on foreign policy was delivered by the President in the course of his message to Congress on the State of the Union, Jan. 3. Despite the determination of this Nation for peace, it has become clear that acts and policies of nations in other parts of the world have farreaching effects not only upon their immediate neighbors, but also upon us, Mr. Roosevelt pointed out. He then indicated his intention, realized late in the month, of in¬ creasing our naval armaments "in a world of high tension and disorder, where stable civilization actually is threat¬ ened." Although there was no repetition of the Chicago remarks about "quarantining" certain nations, Mr. Roose¬ velt undertook in his message to discriminate in a most unfortunate manner between various groups of foreign countries, some of which gained his approval and others his disapprobation. He declared pointedly that peace is safest in the hands of democratic representative govern¬ ments, and is most greatly jeopardized in and by those nations where democracy has been discarded or has never developed. The future of mankind was linked by the eign alliances and entanglements. portant step, because of policy, exchange control, capital currencies, quotas, clearings, &c., President with faith in democracy. ....... • ; • are closely connected problems, he pointed out. Accord¬ Naval Race ingly, only a comprehensive solution would be of any value. There were numerous indications during January that the It is suggested, specifically, that the five great trading naval armaments race is soon to be in full swing, with the nations of Great Britain, France, Germany Italy and the costs likely to rival and perhaps even to exceed the heavy United States prepare the ground for a geenral understand¬ outlays already felt by taxpayers throughout the world ing to embrace not only certain ideas put forward on his own behalf by Dr. van Zeeland, but also others that he for the land and air increases in fighting strength. Presi¬ dent Roosevelt on Jan. 28 proposed to Congress a sharp gleaned in the course of his conversations in all leading capitals. On his own initiative, he recommends a general gain in naval building of all sorts of vessels, and an increase also in our air armaments. This step was long fore¬ tariff truce and a gradual reduction of particularly high or shadowed, not only by preliminary declarations on the onerous duties. He calls for most-favored-nation treatment everywhere, with exceptions to be made only to regularize part of Administration leaders, but also by the huge in¬ creases of naval strength reported in other countries. Brit¬ special regional trade accords or to combat discrimination. ish, French, German and Italian increases of naval strength Industrial quotas should be suppressed, he declares, but are matters of record, while Japan is known to be building agricultural quotas might be useful in connection with sea¬ post haste. It was rumored in London and Paris in January sonal problems. An international monetary standard should that the Japanese Government contemplates the construc¬ be established, and gradual elimination undertaken of ex¬ tion of battleships of 43,000 or 45,000 tons each. These change controls and clearing arrangements, the program to figures would eclipse greatly the 35,000-ton qualitative be integrated with external debt adjustments and the clear¬ limitation of the London naval treaty, and conversations ing of certain international trade accounts through the Bank for International Settlements. Among the more ad¬ promptly were started by the British, French and United States Governments, as signatories, for eliminating that mirable further suggestions are: international administra¬ limitation. Inquiries made in Tokio drew the denial that tion of existing mandates, the open-door policy in all colo¬ vessels of the tonnages mentioned were being constructed, nies, exploitation of colonial resources through interna¬ but only non-committal remarks were made when the direct tional companies, and international engagements to protect question was asked whether Japan is building ships in private property in colonies, even in war-time. excess of 35,000 tons. It is evident that the building of Trade Treaties one or another of the naval Powers will be matched by all Formal steps toward the long-discussed reciprocal trade the others, and the ultimate result is not pleasant to agreement between the United States and Great Britain contemplate. • • were taken on Jan. 8, when Secretary of State Cardell Hull European Appeasement published an intention to negotiate. At the same time, Nothing whatever was heard in Europe during January Mr. Hull issued a list of hundreds of commodities and of the attempt at general appeasement made by the British articles on which tariff concessions are to be considered. and French Governments, last year, and in its place there These measures were taken in compliance with the require¬ ments of the Trade Agreements Act. Public hearings are was only a conitnuance of the diplomatic progress long associated with fascism and the nations that profess that to begin in Washington on March 14, and in view of the particular brand of dictatorial government. The Rumanian scope and importance of Anglo-American trade it is clear that the sessions will be both lengthy and difficult. It is overturn late in December apparently set that country through this proposed accord that Mr. Hull seeks to effect definitely on the road away from the Little Entente and the alliance with France, and toward closer relations with the greatest reductions in our tariff rates, while obtaining equivalent concessions from Great Britain. Negotiations Germany and Italy. It is significant that the Italian con¬ quest of Ethiopia quickly was recognized by the Bucharest for the accord are to take place in Washington, with an regime. Perhaps more important still were rumors that extensive delegation from the British Board of Trade that is expected to arrive early in March. London dispatches the French Government had halted all shipments of munitions to Rumania and to Yugoslavia. The latter counassert that trade associations and manufacturing groups they interlock. Tariff movement, stabilization of • • ■ , _ 8 MONTHLY REVIEW try also has been drifting toward the fascist States. - In respects at least, however, the fascists are finding the going difficult. A meeting was held in Hungary, on Jan. 9, with Italy and Austria present. This conference presumably Although this some it and Hungary would extend recognition to the Attempts to get the two countries to resign from the League of Nations, and to join the antiRussian bloc, were unsuccessful. Rumanian and visit of to state Berlin, and again once the Geneva, Jan. 27, with stand, but it all efforts devoted to admitted that the defections of was Japan, Germany and Italy have minimized the genuine use¬ fulness of the Geneva organization. Assurances were given that the League is not to become an "ideological bloc," directed against fascist States, and such sentiments doubt¬ less reflect the hope that the League once again can be made a genuine force in world affairs. But the initial session was devoted so decidedly to defense of the League as to provoke the comment that the spokesmen for the lead¬ ing European Powers "do protest too much." In place of the usual concern with conflicts between States, the Council session started with simple efforts to preserve the League, and that change is sufficiently illustrative of trends in terms, peace terms was Hirota, of the declared in behalf of Government that faith in the aims and ideals League remains unimpaired in Great Britain, despite of the of area these difficult times to cooperation. retain what It still is essential in exists, Mr. Eden declared, and full support by Great Britain was pledged. Foreign Minister Yvon Delbos of France warned the waver¬ ing adherents that grave dangers might be encountered if they left Geneva for complete isolation. He dwelt at length the part which on play which the League has enabled otherwise would not have many been States to heard at all. Admitting all the serious realities, M. Delbos argued simply that even Y German Ambassador the 22. China to The only indication of these the Mr. of course Hirota an said address that in to the reecnt Tokio Diet, diplomatic ex¬ bloc but had therefore China refused. must that The make Nationalist for way some regime, other he added, government in would supply the "cooperation" desired by In addition to political "cooperation," the Japanese demanded economic cooperation, and the payment of a war indemnity by China. Presumably it is the resemblance of Japan. these terms to a highwayman's demands on a lonely way¬ farer that occasioned the Chinese rejection. In his address to the Diet, the Japanese Minister insisted that foreign nations must realize the need for adjustments to the Japa¬ nese views. He declared specifically, however, that the open door would be maintained in China for foreign cultural and economic enterprises. Northern China is not to be made a second Manchukuo, for Japan seeks no Chinese territory, the Minister stated. The declarations were not regarded highly in the Western world, where all Japanese official comments now are viewed with the skepticism earned by flagrant violations of the most solemn promises. Spanish Civil War Foreign Secretary Anthony Eden restriction Hankow, Canton and other on supplied by the Japanese Foreign Minister, Koki in world affairs. the British aim vast changes China had been "invited" to enter the anti-Soviet preservation of that institution from further disintegration. The spokesmen for Great Britain, France and Russia suc¬ cessively voiced faith in the ideal for which the League is said to the acting as the intermediary. Jan. League of Nations at of set a friendship The hundredth session of the League of Nations Council started Chinese In It appeared early in January that the Japanese had trans¬ mitted to the Nationalist Government authorities in China emphasized. was costly continued by the Japanese important Chinese cities. Yugo¬ slavian Foreign Ministers met in Belgrade on Jan. 11, and they announced that a full understanding existed between them. This was followed by indications that pacts of friendship are to be signed with Germany. The Yugo¬ slavian Premier, Milan Stoyadinovitch, thereafter paid a between the countries the not endanger the Japanese occupation, and difficult, and apparently re¬ may war of attempting to wear out the Yangtze River basin the Japanese engaged principally in "mopping up" operations, not only in a military sense but also in a looting sense. At Nanking, where horrible looting and rapine followed the Japanese conquest in December, the Japanese troops remained out of control, according to most observers. Airplane attacks were by Italy to restore her prestige in central Europe, and perhaps to offset some of the German gains. But Pre¬ mier Mussolini's delegates were able to announce only that Austria the invaders. was called Franco regime in Spain. makes flects a poor League is better than no League at all. Foreign Commissar Maxim Litvinoff advanced the Russian Loyalist and insurgent armies surged all through January over the hills surrounding the city of Teruel, which the loyalists took in a surprise attack just before Christmas. The town is strategically located at the southern tip of the insurgent salient in Aragon, and it slowly became even than a military objective. To a large degree the struggle for possession of Teruel assumed a phychological importance far exceeding its military value. Each side more massed about 150,000 troops for the fight, which proceeded relentlessly. Occasional official and unofficial reports from the insurgent side made it appear to the outside world for days at a time that Teruel was about to be recaptured, but the loyalists held grimly to the town and defied all insur¬ gent attacks. As though to cover their ineffectual endeav¬ view that the League may still serve to hold in restraint the forces of aggression. He advanced the argument that the recent resignations themselves reflect the fact that the League is a respectable force, for the invasions ors and divert attention therefrom, the ^insurgents invari¬ ably followed such assaults with airplane bombings of loyalist towns far from the battlefront. Toward the end former members of other countries were the incidents lead¬ ing to withdrawal from Geneva. Foreign Minister mi^ht be of military value by Beck steered Joseph address, and than friendly coopera¬ careful a some middle course in his committed Poland to nothing more tion with all countries, whether members Dr. Wellington Koo of China or non-members. complained that the prestige of the League never was low so as at present. The undeclared war that Japan is waging against China chiefly, in January, by a settling down of both a long-drawn, expensive and bitter conflict. marked nations There to was reported some terms ^consider them for not talk were a of a such peace that moment. offer by no nation Japan, but the could possibly International incidents were lacking, but they items as British Nanking official a were less serious than such previous sinking of the Panay and the shooting of the Ambassador. An American Embassy official at was was slapped by a Japanese soldier, while the performing routine duties, and the incident protracted The war. Chinese Generalissimo, Chiang Kai-shek, resigned his civil government posts on Jan. 3 to over the command in Shantung Province. In Japan intense governmental activity was reported throughout the month, but actual results and occurrences remain obscure. The most intense military activity was reported in January on the widespread northern Chinese front. In Shantung Province the invaders pressed forward, but ap¬ take parently made little real progress. Chinese authorities adopted and pushed frantically what they called the "scorched earth" policy, which is to the general effect of destroying virtually everything of value in the path of invading armies. Guerrilla warfare was waged strenu¬ ously against the attacking Japanese, and all accounts agree that it is proving exceedingly troublesome to the invaders. Over every the four Japanese, the northern same sort that pretense was the airplane abandoned bombings and missiles were dropped upon purely residential quarters of Barcelona and Valencia. Loyalist commanders suggested a truce in bombings of this type, but the insurgents answered grimly and horribly on Jan. 30 by bombings of Barcelona that killed hundreds of helpless women and children. The Lon¬ Non-intervention Commission remained quiescent throughout January, and nothing was accomplished toward ending the foreign aspects of the war on Spanish soil. There were rumors that Italy was preparing to send Libyans in numbers to the insurgent front, where they might be mistaken for Moors. The huge bombing expedi¬ tions of General Franco's forces suggest that fresh aid again is being extended the insurgents in this manner by his Italian and German the produced a good deal of irritation at Washington. The customary effusive Japanese apologies were forthcoming, presumably from the same mimeograph machine that has been grinding out Japanese apologies at high speed ever since the war started last July. Both Japan and China were busy organizing their internal economies to stand the strain of January, don China and Japan was of Provinces taken last year by the of guerrilla warfare is taking place. backers. French France entered Crisis still another political crisis in January, and the developments indicate that the Left Front coalition may be upon crumbling. Premier Camille found Chautemps it necessary to hand the resignations of the Cabinet to President Albert Lebrun, on Jan. 14, entire owing to Communist party criticism of his social reform procedure. In effect, this represented a breach in the Popular Front, for the Communists had joined with the Socialists and Radical-Socialists in that grouping of political factions. the culmination of steadily growing rivalries and unsettling demands by French labor for wage increases and reforms that the French economy plainly cannot meet The crisis was A one-day general strike in Paris made it plain that the breaking point had been reached. Great pressure was brought to bear once again for exchange controls and simi¬ lar steps toward dictatorship, but Finance Minister Georges indicated that he would resign rather than insti¬ Bonnet tute such measures. month the Cabinet But the dissident incident Minister, After finally a period of anxiety early in the dissolved. was settled nothing. was offered but he M. Bonnet, as the gave up chance to form a Min¬ the attempt after one day. Leon Blum, who was the chief organizer of the Popular Front two years ago, next was asked by M. Lebrun to form a Ministry, but he also failed. Finally, M. istry of his own, a ceeded himself, but at the head of Chautemps a suc¬ purely Radical-Socialist MONTHLY Feb., 1938] regime that fidence on hardly is likely controversial withstand tests of con¬ In his Ministerial Dec¬ to matters. admitted that his He promised, how¬ ever, that his regime would still endeavor to carry out the aims of the Left Front, and would continue to protect the franc without resort to exchange control. In the foreign field not a single deviation was made from the programs of previous Ministries. When the test of confidence was posed, Premier Chautemps was upheld 'by 501 votes to 1. This was acknowledged, however, to be a tribute to the courage of the Premier rather 'than general approval of his program. Pressure on the franc in international ex¬ change trading was continued with only a few brief periods laration, Jan. 21, M. Chautemps a transition government. on might be only of It relaxation. France evident was that in funds of owners again has become alarmed and were sending once capital to other centers for safekeeping, thus aggravat¬ their ing the problems of the Chautemps Government. Anglo-Irish Discussions Leaders Governments conferred British and Irish of the length in London, from Jan. 16 to 19, inclusive, and found their views sufficiently close to insure early settle¬ at great ment of some tions transformed and weeks ago into the few a State of Eire, No treaty was signed at the end of the confer¬ Ireland. or outstanding questions that have strained rela¬ the Irish Free State was formed in 1921 since ever joint statement indicated that "dis¬ justify more detailed examination of a number of points by officials of the respec¬ tive governments." The statement added that the intimate examinations will start forthwith, with an assurance of 19, but Jan. ences, a cussions had proceeded far enough to Ministerial fresh the few weeks are hardly likely to elapse before some of difficult questions will be adjusted and the solu¬ Only in one important a tions embodied in a formal accord. The prob¬ respect were the talks inconclusive, it appears. of Ulster remains to lem data necessary are than more when In London dispatches it is suggested that available. more conversations this trump anxious to be settled, quite possibly because card is one that the London Government is not play, for the time being. The conversations in London were carried on in a manner well calculated to aid tries the reconciliation which both obviously desire. coun¬ Eamon de Valera, Prime Minister of the State of Eire, was received as an equal by Prime Minister Neville Chamberlain, and the meetings were con¬ ducted in this spirit throughout A preliminary statement from London indicated merely that "outstanding questions which affect be discussed. relations Mr. between Valera de the countries" two would given was a hearty welcome 16, at the head of an extensive delegation, and in the three days of negotiations which followed no really important hitch developed. The he when tentative be made arrived in London, Jan. agreement on which detailed studies now are to was said to include cooperation in the defense REVIEW rate settlement of the question of the annuities, and reduction of the trade and tariff bar¬ erected in recent years. Mr. de Valera brought up but did not press unduly the matter of a united Ireland, it was indicated. He merely stood pat on the old demand that riers the six counties of Northern Ireland must ties of Eire. The British attitude be achieved, if at all, on to the New cantly, York however, a was voluntary basis. "Herald Tribune" that "if join the 26 that union it was In a can coun¬ only dispatch sigfici- added Prime Minister de Valera con¬ tinues to show willingness to compromise with the British on matters expected toward a of defense and trade, then the British may to use their influence with the northern rapprochement with the southern Irish." be Irish Steel Trade—Non-Ferrous Metals Although steel ingot production showed a slight improve¬ during January, recovering the ground lost in Decem¬ ment ber and in the later part of November, no definite trend in new business has developed. "Steel" of Cleveland, in its of the iron and steel markets, on Jan. 31 stated in part: "Steel buying in January is 10 to 15% better than in December, in the experience of important producers. This is not a marked improvement, since the December level was low, but coupled with the slow but steady advance in produc¬ tion it indicates consumers are in need of material. Appear¬ ance of buyers who have been out of the market for weeks in¬ dicates depletion of stocks by consumers. Purchases by these interests are only for current needs and there is no tendency to cover for the future. Ship construction continues an im¬ portant factor in the steel market, though requirements will be spread over a long period. Scattered buying by railroads indicates need for rails, rolling stock and repairs and its small volume shows lack of financial ability to cover full needs." The "Iron Age" composite price for steel scrap on Jan. 4, summary v 1938, rose to $14 a gross ton, an increase of 25c. over the Dec. 28, 1937, quotation, and the fifth consecutive weekly gain; no further advance was later reported. At the close of January, 1937, steel scrap was $17.92 a gross ton. The "Iron Age" composite prices for finished steel and pig iron were again unchanged at 2.605c. a pound and $23.25 a gross ton, respectively, as compared with 2.330c. for finished steel and $20.25 for pig iron during January, 1937. The operating rate of steel companies having approximately 98% of the steel capacity of the industry, according to the American Iron and Steel Institute, was scheduled at the 32.7% for the week beginning Jan. 24, 1938, the highest rate since the week of Nov. 15,1937, when operations were at the rate of 36.4%. It also compares with 29.8% of capacity for the week beginning Jan. 17, 1938; 27.8% for the preceding seven-day period; 25.6% for the week begin¬ ning Jan. 3, 1938 and 19.2% for the week beginning Dec. 27, 1937. At the close of January, 1937, operations were re¬ ported to be at the rate of 77.9% of capacity. As to non-ferrous metals, "Metal and Mineral Markets" reported during the month under review in substance as follows: After the turn of the year a better tone was re¬ flected in the market for non-ferrous metals during the week ended Jan. 5, 1938. The sales volume, taking the metals as a group, during the week ended Jan. 12 was the largest for any single week since last August. The weeks ended Jan. 19 and Jan. 26 in most items were quiet. Copper sales for the Jan. 26 week totaled 3,751 tons, as compared with 5,165 tons in the preceding seven-day period, 12,710 tons in the Jan. 12 week and 4,215 tons in the Jan. 5 week. An underbought condition of the lead market was largely responsible for a substantial volume of business in the week ended Jan. 12, sales of lead for that period amounting to 14,964 tons, the largest weekly total in more than a year. Business of lead producers during the week ended Jan. 19 had also reached a good volume and totaled 8,634 tons. Business by zinc sellers during the Jan. 26 week continued on the reduced basis of the previous week, with sales involving 860 tons, as compared with about 1,500 tons in the Jan. 19 week, and about 2,000 tons in the Jan. 12 week. Buying interest in tin, which was active during the first part of the month, subsided during the Jan. 19 and Jan. 26 weeks. Domestic copper prices ad¬ steadily during the early part of the month as follows: 10.12Hc. to 10.25c., Valley, on Jan. 5; to 10.50c. on Jan. 7; to 10.62 He. on Jan. 10; and to 10.87He. on Jan. 11. Later,|however, copper declined to 10.75c., Valley, on Jan. 18; to 10.50c. on Jan 19; to 10.25c. on Jan. 20; and to 10.00c. on Jan. 28 touching the lowest price reached last year. Lead at New York was raised on Jan. 7 to 4.85c., an advance of vanced From was further increased to 4.90c. on Jan. 11, quotation it held during the remainder of the month. Zinc at New York continued steady and unchanged at 5.35c. Tin at New York, after touching a high for the month of 42.87He., closed on Jan. 31 at 40.50c., as com¬ pared with 41.00c. at Dec. 31 last. \ 10 points, and at which later Lumber Movement industry during the week ended Jan. 22, 1938, 39% of the 1929 weekly average of production and The lumber stook at 49% of average 1929 shipments, according to reports to the National Lumber Manufacturers Association from regional associations covering the operations of important hardwood and softwood mills. Production was about 44% and ship¬ ments about 53% of the corresponding week of 1929. All lower than during the same week of 1937. For the seventh consecutive week new orders exceeded output. items were National production arrangements of Ireland, land of 9 ~ reported for the week ended Jan. 22, 1938, by 6% fewer mills was fractionally above the output (revised figure) of the preceding week; shipments were 1% above and new orders 6% above the corresponding figures for the previous week. In the week ended Jan. 22, 1938, production, shipment reported by 409 softwood mills were respec¬ tively 18,12 and 22% below similar items in the correspond¬ ing week of 1937. During the week ended Jan. 22, 1938, a total of 504 mills produced 128,551,000 feet of hardwoods and softwoods com¬ bined; shipped 157,853,000 feet, and booked orders for 177,936,000 feet. Revised figures (number of feet) for the four weeks preceding follow: and orders as Production Shipments Orders Received 534 525 539 562 15, 1938 Jan. 8, 1938 Jan. 1, 1938 25, 1937 Dec. ? Mills 128,103,000 120,831,000 90,118,000 117.820.000 156,284,000 138,623,000 135,256,000 116,731,000 167,527,000 155,464,000 139,919,000 141,541,000 No. of Weel Ended— Jan. < .» All regions but Southern cypress, Northern hemlock and Northern hardwoods reported orders in excess of production 1938. All softwood regions but and Northern hemlock reported ship¬ In the reporting hardwood regions, in the week ended Jan. 22, West Coast, cypress ments above output. shipments were below production. All regions but Northern hemlock reported orders below those of the corresponding week of 1937; all but West Coast reported shipments below, and all softwood regions but Northern pine reported produc¬ tion below similar week of 1937. ^ Hides, Leather and Footwear The First National Bank of Boston, in its|"New England Letter," under date of Jan. 31, discusses these markets as follows: "Following a delay, shoe manufacturers have begun Eroduction in doubt and the outlook for the leather the run, The duration of and hide is of spring models. owever, markets is not clear. ' production in December is estimated at approxi¬ 21,000,000 pairs. Many plants manufacturing women's shoes have commenced work on spring styles to be delivered before Easter and it is estimated that January will show about a 25% increase over December. Output for the month, however, may be 25% below January of last year. Wholesale prices of shoes are averaging 5 to 10% below the "Shoe mately level of last season. 10 MONTHLY "Initial orders placed at the Chicago shoe show were con¬ siderably smaller than last year. A large amount of repeat business will therefore be desirable to keep plants busy throughout the spring. Plans for the summer season are as yet undeveloped. "Tanners of upper leather have witnessed an improved business in grain leather for women's shoes and slight ad¬ vances in calf leather prices have been paid willingly by manufacturers. Since skins had not accumulated in packer hands this demand caused a rise in calfskins. Recently, however, prices have declined in sympathy with a weaker hide market. position of sole leather manufacturers has been less Sales continue to drag below the heavily curtailed rate of production and prices are not appreciably above the low point of early winter. "Light native cows have declined in price from 11 to 93^ cents thereby cancelling the December rise. Quotations in Buenos Aires have moved sharply lower and are more than a full cent below the Chicago market. The tone of the stock market continues weak and tanners raw are reluctant to commit themselves further ahead than they can clearly foresee during for the wheat first approximately half 9c. the of bushel, a moved markets upward past month and advanced after which the trend was Final prices, however, showed gains for the Buying during the early part of the" month was encouraged toy unfavorable weather conditions in the American winter wheat belt and a broadening in the export month. Grain traders saw, or thought they the saw, grim spectre of drought as dust storms were reported from the Philippines, continued to offer raw sugar in adequate quan¬ tities. Sales Cuban of raw sisted of the following, all Southwest and the Secretary of Agriculture called attention to the "increasingly serious drought condition de¬ veloping again in the great plains." This reminder of the droughts of 1934 and 1936 inspired speculative buying and short covering, under which prices scored sharp advances. Subsequently, demand for export account subsided, and with reports of scattered rains and snows in sections of the areas of the Southwest, support was withdrawn and prices developed a downward tendency which continued generally throughout the remainder of the month. Sharply lower Argentine offerings, for the first time this season at levels under United States hard winters, turned atten¬ the of the trade the from export situation. premature crop scare news to With the outlook decidedly unsatis¬ factory, and the government estimate on country mill and elevator stocks broad foreign emphasizing the need for a considerable liquidation ensued. business, while dust storms usually frequent Furthermore, in the Southwest in late winter and early spring, it was pointed out that any important moisture within the next few weeks are occurrences would, in all probability, quickly remove their importance as a nearby price influence. Meanwhile, sustained price advances in the near future should depend upon the volume demand, and importers have recently shown a reluctance in following price advances. Their waiting atti¬ tude has been strengthened by the indications that the Australian crop has been under-estimated, and by the pros¬ of export pect that Argentine marketings will increase from While now on. the Argentine crop is well under previous expecta¬ tions, the movement will be at its peak within the next few weeks. In addition to this, the European crop situation showed improvement during the latter part of the month, although there were complaints of alternate thawing and freezing in parts of Russia and of excessive rains in Italy and France. Corn, oats and rye more or less followed the trend In of con¬ On 4, second-half January shipment at 2.30c.; on Jan. 5, January shipment at 2.30c.; on Jan. 12, January shipment at 2.35c.; on Jan. 20, February shipment at 2.30c.; on Jan. 21, prompt shipment at 2.30c., and on Jan. 27, February shipment at 2.28c. The wholesale list price for refined, immediate delivery, was quoted from 4.65c. to 4.85c. on 4.75c. on Jan. 4, and at which figures it continued during the remainder of the wheat, on Jan. 5 from 4.65c. to 4.75c., month. Coffee Market for coffee "futures" ruled generally steady during the past month. However, although the spot situation con¬ tinued relatively steady because of the small visible supply in the United States, roasters continued to operate on a hand-to-mouth basis. It was also pointed out that Brazilian exports should soon start to increase if that country is to with other coffee-growing nations, and the only way Brazil can successfully compete with other countries under-sell to many rumors to which them in although fluctuated to a smaller degree. regard to corn, export demand dropped off to inconse¬ quential volume, while beneficial rains were reported in the dry sections of the Argentine. Offerings from the country were fairly liberal, and the United States visible supply continued to increase steadily. In Chicago the May option for wheat closed on Jan. 31 at 93c. as against an opening price of 89%c. on Jan. 3. Jan. 1 was a holiday and Jan. 2 fell on a Sunday. At Winnipeg the May wheat option closed at 125%c. as against an opening of 118%c. on Jan. 3. May com in Chicago closed on Jan. 31 at 58% c. world the markets. There were and counter-rumors afloat during the month the trade appeared of the rumors was that talk to pay little attention. One would soon be revived regard¬ ing export quotas and crop control. No. 7 Santos was quoted on Jan. 31 at 7%@7%c., the 7%@7%c. Nov. 30; lO^tglO^c. Oct. 30 (Oct. 31 was a Sunday), the same as Sept. 30; 10%c. Aug. 31; 10%@10%c. July 31; 10%c. June 30, the same as on May 29 (May 30 fell on a Sunday and May 31 was a holiday); 10%@10%c. April 30; 10%c. March 31; ll%c. Feb. 27, and 10y2@10%c. Jan. 30. No. 7 Rio was quoted on Jan. 31 at 5%c. against 6%c. Dec. 31, the same as on Nov. 30; 9c. Oct. 30 (Oct. 31 was a Sunday); 9%c. Sep£. 30, the same as on Aug. 31; 9%c. July 31, the same as on June 30; 9%c. May 29; 9%c. April 30; 9%c. March 31; 9%c. Feb. 27, and 9*4c. Jan. 30. Dec. 31, against same as on dry tion during the month & f. exclusive of duty: sugars c. Jan. is • domestic in downward. demand. In the mean¬ compete business." new Graina Prices appeared to be the chief sustaining factor. time, however, other producers, particularly Cuba and the Jan. 3, at "The favorable. domestic REVIEW Rubber Crude rubber, during most of the followed month, a steadier trend, due to the firmness of securities and other Rumors to the effect that the Inter¬ commodity markets. national Rubber Regulation Committee would order another in the export quota, also helped to improve sentiment. Immediately prior to the meeting of the I. R. R. O., prices eased somewhat, but following the decision of the commit¬ tee, on Jan. 25, to further reduce the export quota for the second quarter of 1938 from 70% to 60%, a sharp, though short-lived, recovery took place. In the closing days of the month a reactionary trend manifested itself, due chiefly to the renewed decline in security prices and the less favorable general trade outlook as reflected in a growing disposition on the part of tire factories to stay out of the market. It was pointed out, moreover, that the I. R. R. C. restriction measure was not likely to affect the present unfavorable statistical position of the market until early next summer. Ribbed smoked sheets for spot delivery were quoted at 14$ic. asked Jan. 31 against 14%c. asked Dec. 31; 15%c. asked Nov. 30; 15 ll/16c. Oct. 30 (Oct. 31 was Sunday); 17%c. Sept. 30; 18%c. asked Aug. 31, the same as on July 31; 19%c. asked June 30; 20%c. asked May 29; 21 3/16c. asked April 30; 26%c. asked March 31; 22c. asked Feb. 27, and 21%c. asked Jan. 30. cut Textilea The textile trades while made other divisions, business some Retail as a result the inven¬ played a prominent part in counteracting the ad¬ influence of reduced industrial activities, it was gen¬ erally conceded that volume of small spotty. was promotional events better continued reported to have undergone a further con¬ improvement. While favorable weather con¬ siderable verse branches relatively good showing, and a tory position ditions improved moderately in sales. account fill-in as price reductions apropos of major factor in sustaining the numerous were a Wholesale depleted In orders. trade stocks the main, also gave a somewhat, necessitated however, numerous the previous compared cautious Jan. the many uncertainties surrounding the nearby general out¬ look. Raw cotton in January continued its previous gradual with an opening of 62c. on Jan. 3. May oats closed at 31c. as compared with an opening of 30%c. on 3. May rye closed at 73%c. opening of 72c. on Jan. 3. as compared with an were periods of activity and strength, gen¬ conditions prevailed in the sugar "futures" market during the past month, with price fluctuations con¬ quiet narrow limits. Buying at times was attributed to the longshoremen's strike in Puerto Rico, which tied up The general opinion in the trade shipping from all ports. regarding this development, tion must portant be termed market continued to act as however, was that this situa¬ temporary, and thus without im¬ significance. as a Comparatively retarding influence ing trade, and therefore contributed mal seasonal consumer coverage to which high upon the withhold might quotas consum¬ the have nor¬ been With an ample supply of sugar assured consum¬ expected. ers by virtue of the high quotas, the Puerto Rican strike buyers continued, chiefly in enhancement during the first half of the month. Although there fined within of view of Later in the period, however, a slow recession developed, and prices lost virtually the entire gain. Early favorable factors were Sugar erally attitude the continued small of volume Southern due to the further movement of the ment loan hedge offerings, staple into the govern¬ stpck, and the sudden upturn in the sale of gray present curtailed output. When Ihter in the month the demand for finished goods slowed down materially and, moreover, an¬ cloths by domestic mills which other serious setback occurred offerings by Southern as substantially, and far exceeded ihe in the security markets, foreign interests increased a well as result prices receded slowly from Less favorable reports from foreign spinning centers and the lagging export demand also were their as previous highs. instrumental in causing price recessions. Spot cotton here in New York was 8.38c. on Jan. 3 apd gradually advanced to a high of 8.72c. Jan. 11. From that point a gradual de- MONTHLY Feb., 1938] 29, but price recovered to 8.52c. Trading in the gray cloths markets, following an early spurt caused by urgent purchases on the part of converters and reports of a better movement of finished goods, later in the period under review lapsed into its previous dulness. Although in part a logical sequence to earlier heavy purchases, the slacken¬ cline carried the Jan. on quotation to a low of 8.43c. Jan. the 31 ing demand was chiefly due to renewed misgivings concern¬ cloths at, Fall 3%c. to 3%c., and held at that level throughout the month. The price of 27-inch cloth 60x64's rose from 3%c. to 3%c. Jan. 29, while Osnaburgs continued to be quoted at 6%c., the same as Dec. 31. The report of the Census Bureau, issued Jan. 14, and covering the month of December, although somewhat better than expected, nevertheless disclosed another sharp ing decline The 64x60's United the in outlook. business general the River for 28-inch amount consumed on Print Jan. 3 advanced from States consumption of December was given in the staple. at 433,058 compared with 484,819 bales of lint and 57,565 bales of linters in November, 1937, and 694,841 bales of lint and 61,036 bales of linters bales lint and in December, bales of linters, 1936. of 46,462 slightly. With stocks of men's fabrics having been reduced to lower levels and with consumer demand showing further improvement, The woolen goods market improved though partly induced by widespread price reductions, cloth¬ ing manufacturers displayed more willingness to cover nearby needs, and a number of mills were able to expand degree. Demand for women's wear fabrics held up well, with interest continuing to be centered on tweeds, fleeces and shetlands. Japanese double extra 13-15 deniers were quoted Jan. 31 at $1.55@$1.60 against $1.50@$1.55 Dec. 31; $1.55@$1.60 Nov. 30; $1.71@$1.76 Oct. 30 (Oct. 31 was a Sunday); $1.86@$1.91 Sept. 30; $1.85@$1.90 Aug. 31; $1.82@$1.87 July 31; $1.89@$1.94 June 30; $1.77@$1.82 May 29; $1.77@ $1.82 April 30; $1.97@$2.02 March 31; $1.80@$1.94 Feb. 27, and $2.00@$2.05 Jan. 30. In the case of the 20-22 deniers Japanese crack double operations extra in a moderate quoted at $1.48@$1.53 Jan. 31, the same as on were Dec. 31, against $1.49@$1.54 Nov. 30; $1.59@$1.64 Oct. 30 (Oct. 31 was a Sunday); $1.62@$1.67 Sept. 30; $1.79@$1.84 Aug. 31; $1.78@$1.83 July 31; $1.85@$1.90 June 30; $1.73@ $1.78 May 29. Petroleum and It$ Producte The month of January in the petroleum industry was fraught with interesting and significant developments. Attempting to assay primary, secondary and tertiary impor¬ tance to the events is hazardous since the happenings were of a nature which made their magnitude vary with the branch of the industry affected. : ■ Looming large on the petroleum industry's horizon, how¬ ever, was the move of the Texas Railroad Commission in ordering a Sunday shutdown of all 79,000 wells in the State for a six-weeks period beginning Jan. 23. A fine spirit of cooperation attended the Texas action, according to advices from Austin. A technical obstruction to the program was the applications made by operators in the Gulf Coast district produce at one-seventh the first Sunday for permission to curtailment due to the hazard of on water encroachment. application. The effect of the shutdown order was indicated on Feb. 2 when initial statistics were presented. According to the American Petroleum Institute, daily average crude oil pro¬ duction for the week ended Jan. 29 declined 148,550 barrels to a total of 3,357,650 barrels daily. The shrinkage in Texas alone amounted to 168,440 barrels daily, but moderate in¬ creases in California and Oklahoma nullified part of the drop. Late in the month Ernest O. Thompson, member of the Texas Railroad Commission, expressed the opinion that the The Commission allowed such regulatory body does not plan to extend the State-wide Sun¬ day shutdown beyond Feb. 27, but added that if over-pro¬ duction still exists the problem will be met in the best manner possible. "Naturally," he said, "we hope the other States note that will take steps to conserve their petroleum and I the movement is going forward in some of them." also reported that for period ended Jan. 29 output aggregated 3,444,450 barrels daily contrasted with the Bureau of Mines January calculation of 3,406,800 barrels daily. Meanwhile, the Bureau of Mines announced that a daily average supply of 3,438,200 barrels of crude oil will be neces¬ sary to meet demand in February. This figure is 31,400 barrels above the January estimate and 110,600 barrels higher than the actual production during February a year The American Petroleum Institute the four weeks' ago. Jan. This constituted an expansion of 601,000 barrels over the imme¬ diately preceding week. Domestic supply during the week was up 596,000 barrels and foreign stocks were up by 5,000 Stocks of domestic and foreign crude 15 came to petroleum on 303,679,000 barrels, the Bureau reported. barrels. News out of Madison, Wis., where the Government's against 16 major Mid-West oil companies and 30 execu¬ tives has been in progress since Oct. 4, was distressing to the industry. On Jan. 23 the small-town jury handed in a ver¬ dict charging the defendants guilty of conspiracy to raise and fix gasoline prices during 1935 and 1936. The verdict was a blow to the trade since the general assumption is that trial 11 REVIEW the victory at Madison portends similar by the Department of Justice in other sections of the Government's actions country. However, counsel for the defense filed motions for a new. Madison. De¬ trial with the U. S. District Court Clerk in fense attorneys charged that counsel for the Goverhment prejudiced" the jury through methods of questioning witnesses and in the course of arguments to the Court in the presence of the jury. The Court erred, the motion said, in permitting the case to be considered by the jury on charges not set forth in the indictment. A constructive step in amicably settling the long drawn out controversy between the Mexican Government and "inflamed and foreign oil companies operating in that territory was taken late in January. Foreign oil companies posted a 3,000,000pesos bond with the Campania National de Inversions, a subsidiary of the National Bank of Mexico. Posting of the bond will have the effect of relieving the companies of pay¬ ing back wages lost during a two weeks' strike or of paying wage increases until the Supreme Court rules finally on the decision of a Federal board ordering pay increases amount¬ estimated 40,000,000 pesos. will prevent company employees from halting operations and circumvent an embargo on the capital of the companies in advance of the Supreme Court ruling. The bond contained the guarantee to labor that no losses will be suffered due to the dealy in putting into effect the ing to an The arrangement award of the Federal board. dispatch out of Bucharest, Rumania, with a dis¬ international flavor appeared in the New York "Times" on Jan. 28. "On the hitherto quiescent Rumanian front," the dispatch said, "the forces of international fascism are developing a vigorous offensive to secure control for Italy and Germany of Rumania's inexhaustible supplies of oil and other mineral wealth." That is the gravest aspect of King Carol's action in placing the Government in the hands of Premier Octavian Goga and Professor Alexander C. Cuza, the dispatch said. "The whole strategy of Czechoslovakia and Rumania hitherto," according to the dispatch, "has been based on de¬ nying the German general staff access to Rumanian oil fields. Now there is a prospect that this missing link in Ger¬ many's war r machine—oil and food reserves—is being placed in her hands without fighting." The meeting late in the month at Hot Springs, Ark., of Governors of 10 oil-producing States or their representatives spawned an interesting report on reserves. Alexander McCoy, a geologist, told delegates that a total of 34,000,000,000 barrels constituted the total demand for crude oil in the United States in the next 20 years. "In order to meet that demand," he said, "it will be necessary, in addi¬ tion to production from known reserves, to discover 25,000,This rate of discovery would be 000,000 barrels of new oil. equal to the rate of discovery in the United States since 1924." The Texas Railroad Commission reported that almost $200,000,000 was spent last year in Texas in the continuing search for new crude oil production. Permits for drilling to the number of 17,986 were issued. On the basis of an estimated average cost of $10,000 per well for drilling pur¬ poses alone, operators spent $179,860,000, exclusive of the cost of acquiring mineral rights. The "Oil & Gas Journal" stated that well completions in the United States during the Jan. 22 week totaled 564. For the year to Jan. 22 completions numbered 2,028, a figure which contrasts with 1,836 in the corresponding period a A news tinctly year ago. A significant development at month's end was the action issuing an order grant¬ ing the application of manufacturers of hydraulic pump equipment to install their equipment on oil wells in the East Texas field. The significance of the order was that the day follow¬ ing its issuance, Austin dispatches indicated that flood waters of the Sabine River, which runs through the East Texas field, inundated to a depth of several feet more than 1,000 producing wells. California crude oil production has been set at 693,700 barrels daily for February by the Central Committee of California Oil Producers. This figure represents an in¬ crease of 15,400 barrels from the January quota of 678,300 barrels daily. The Texas Railroad Commission has set its next State¬ of the Texas Railroad Commission in proration hearing, for the oil and gas industry to con¬ problems relative to the March allowable, for Feb. 18. The Pennsylvania oil industry reported progress in sup¬ porting the price structure. At a meeting of the Central Pennsylvania Producers' Association, 22 of the 24 directors voted in favor of legal means of stabilizing prices. The Association plans to ask for enactment of an oil conservation law in the event that Governor Earle calls a special session of the Legislature. There were no price changes in the nation's crude oil mar¬ kets during January. All interest in the refining end of the industry veered sharply to the mounting inventories of gasoline. Stocks of finished and unfinished gasoline on Jan. 29 established a new all-time high mark, aggregating 84,844,000 barrels a gain of 2,059,000 barrels over the immediately preceding week, and an increment of 1,306,000 barrels over the previous peak established on March 27, 1937. The currents week's total is equivalent to about 70 days' supply. wide sider ■ 12 MONTHLY As announced, the Standard Oil Co. of New Jersey and its domestic affiliates curtailed their crude runs to refineries by 15,000 barrels daily during the Jan. 22 week. The action of this large tinit was expected to encourage similar action by other companies. Total crude runs for the country during the wefek ended Jan. 29 were down to a daily.average 3,170,000 barrels. Refinery operations for the week were at a rate of 77.1%. Sporadic price reductions broke out in the gasoline field this month. In northern New Jersey regular grade gasoline was posted at 11.9 cents a gallon in some instances, whereas the normal quotation is 14.9 cents. One large independent refiner that had been posting a tank-wagon price of 7 )4 cents a gallon for branded gasoline lifted the price a full cent to meet the prices of other large companies. The Standard Oil Co. of Indiana restored normal markets on Perfection kerosene, Standard tractor fuel and Stanolex furnace oil in Indiana, Iowa, Minnesota, Missouri, North Dakota, South Dakota and Wisconsin, effective Jan. 12. In some instances the action amounted to an increase in prices, but in other cases no change was made. Several major kerosene marketing companies slashed prices at important Southern points. At Richmond, Va., the tank car price was dropped )4 cent a gallon to 6)4 cents, while at Baltimore and Norfolk many companies posted 6 cents a gallon, against 6)4 cents previously. The fuel oil markets continue under the influence of the unusually mild weather. Meanwhile, the Bureau of Mines reported that domestic fuel oil deliveries in 1937 set a new ?eak requirements of barrels, which was 11.6% ahead of the 936 of 408,409,000 365,985,000 barrels. The former peak mark of 384,422,000 was established in 1929. Domestic fuel oil sales, plus exports, aggregated 443,292,000 barrels, a rise of 12.2% over the preceding year. JANUARY FINANCING OF THE UNITED STATES TREASURY January is always fraught with interest and importance for Treasury finance, not so much because of any financing actually carried out but because of the light thrown on the future of Treasury finance by the President's annual budget message. Experience has amply demonstrated in recent years that the January budget estimate is far from being the last word on the subject, but it affords, nevertheless, the best official insight that can be gained at the time into the Administration's taxation and spending plans. It can be said at once that the President's annual message to Congress on Jan. 3 and his budget message two days later did not lead to any weakening in the status of the Govern¬ ment's credit. On the contrary, the price of outstanding Treasury issues continued to improve until nearly the end of the month, when indications that the Treasury and the Federal Reserve System were opposing the advance in long term issues served to halt the rise. The main impetus for the advance in Government security prices came from the banks, and especially the New York banks, which were ac¬ quiring investments in a more substantial way than they had for over a year and a half. The rise in Government security prices was helped on its way by a statement by Secretary of the Treasury Henry Morgenthau Jr. on Jan. 10 that he had no immediate plans for undertaking new financing. In his annual message to Congress on Jan. 3, President Roosevelt declared that the proposed budget for 1939 would exhibit a further decrease in the deficit, though not a balance between income and outgo. He advocated a joining of hands by the Congress and the Executive in curtailing or eliminating any Federal activity which could be eliminated or curtailed or even postponed "without harming necessary Government functions or the safety of the nation from a national point of view." The expenditures of the national Government could not, he said, be cut much below $7,000,000,000 a year without destroying essential functions or letting people starve. In his budget message the President predicted that the net deficit (that is, excluding public debt retirements) for the fiscal year 1938 would be $1,088,129,600. This figure compared with a net deficit of $695,000,000 for the fiscal year 1938 according to a revised estimate by the President on last Oct. 18, with his forecast last April of a net deficit of $418,000,000 and with his estimate in his January, 1937, budget message of a net surplus of $37,000,000 in the fiscal 1938. For the fiscal year ending June 30, 1939, the President estimated that the net deficit would amount to year $949,606,000 in spite of a estimated expenditures. mated that general fund 1937. over those of For the fiscal year 1939 $5,919,437,000, revenues or revenues were estimated at $401,076,000 less than the anticipated expenditures were estimated at $7,- for 1938, and 070,558,000. The President recommended that a curtail¬ ment be effected in public expenditure for capital improve¬ ments, such as new highways, new river and harbor projects, new flood control, new public buildings, new reclamation projects and other new public works. But, as against this anticipated saving in expenditure, the President stated: "It is fair to say that this estimated reduc¬ tion may, by force of circumstances, become smaller because of future events which today cannot I refer specifically to the possibility that due to world condi¬ which this nation has no control, I may find it necessary to request additional appropriations for national tion^ definitely be foretold. over defense." The President's request for additional expenditure for na¬ came on Jan. 28 in the form of a special mes¬ tional defense to Congress. The President made several requests of Congress for appropriations which, it was estimated at the Capital, would add about $30,000,000 to the budget for the next fiscal year. His most important recommendation was for a 20% increase in naval authorizations for new building and replacements. Over the long run, the additional ex¬ penditures for new construction by the army and navy would call for about $800,000,000, it was estimated by the New sage York "Times." ^ . , On the market side, the Treasury raised no new money January other than through the regular sales of savings bonds. The $50,000,000 weekly maturities of 273-day dis¬ count bills were replaced with 91-day bills, with the average rate paid ranging from a low of 0.065% for the issue dated Jan. 5 to 0.111 for that dated Jan. 19. Secretary Morgen¬ in thau stated to the press on Jan. 10: "We have no other plans come due for this month, other than to refund the bills which each week." The Treasury was continuing to use social security and railway retirement taxes to foot its running ex¬ penses. Through Jan. 27, the social security taxes amounted to $32,788,362 and the special railway taxes, $13,691,215, while for the fiscal year the collections amounted to $378,260,282 and $82,007,474, respectively. ' The President stated in his budget message that in the fiscal year 1939 there would be available for investment in special issues of Government obligations the net sum of ap¬ proximately $1,163,000,000, representing $600,000,000 from the old age reserve account and the railroad and Government employees' retirement funds and $573,000,000 from the un¬ employment trust fund, and a reduction of $10,000,000 in investments held for account of the adjusted service cer¬ tificate fund. "As a result of these investment operations, he said, "the Treasury financing for the fiscal year 1939 woula be confined to refunding maturing obligations." The Treasury announced on Jan. 17 that the total maturity value sales of United States savings bonds, the so-callea "baby bonds," amounted to $635,419,200 in 1937, repre¬ senting an increase of 34.6% over the 1936 sales. From March 1,1935, when the bonds were first offered, to the end of 1937 total maturity value sales of these bonds amounted to $1,367,935,000. That the public demand for these securities is still increasing is indicated by Secretary Morgenthau's one day's sale of the $10,029,780. It "was also disclosed at the Treasury on Jan. 17 that transac¬ tions in Government securities for Treasury investment ac¬ counts for December, 1937, resulted in net sales of $15,351,100, compared with purchases of $2,000,050 in November. In only three months in the last three years have these statement of Jan. 17 that the record for bonds was set on Jan. 10 at transactions resulted in net sales of securities by the Treas¬ ury. The Federal Intermediate Credit Bank System offered $23,350,000 of 1)4% consolidated debentures for public subscription on Jan. 5. The securities were offered at a slight premium over par value, and the subscription books were closed shortly after they opened, following a heavy over-subscription. A total of $17,750,000 of the debentures matured on Jan.15, leaving approximately $180,800,000 of the securities The outstanding. details count basis of the sale of Treasury bills sold given in the following tables: are Bills Bills Offered Dated Jan. 5 1938 6 1938 Jan. 12 1938 Jan. 13 1938 Jan. 19 1938 jan. 20 1938 Jan. 26 1936 jan. 27 1938 Feb. 2 1938 Jan. Apr. 6 1938 Apr. 13 1938 Apr. 20 1938 Apr. 27 1938 May 4 1938 on 91 days 91 days 91 days 91 days Subscrip¬ tions $50,000,000 $153,977,000 50,000,000 138,807,000 60.000,000 160,075,000 60,000,000 176.533,000 60.000,000 184,593,000 To Redeem Bills Subscrip¬ Amount Average tions Accepted Price Deo. 30 1937 6 1938 Jan. 13 1938 Jan. 20 1938 Jan. 27 1938 J163.977.000 138,807,000 160,075,000 176,533,000 184,593,000 NEW January January $50,000,000 50,027,000 50,130,000 60.035,000 50,060,000 SECURITY ISSUES Total volume of new dis¬ Offering 91 days Offered Jan. a Amount of Mature Deo. 30 1937 reduction of $539,000,000 in the For the fiscal year 1938 he esti¬ receipts would increase $1,026,1937, while expenditures would be $7,614,858,300, including $206,215,700 statutory debt re¬ tirements, against $8,105,158,547 actual expenditures in 673,000 REVIEW 99.984 99.976 99.972 99.974 99,979 IN Maturing Yield Issue of— 0.065% 0.097% 0.111% 0.103% 0.084% $50,049,000 50.022,000 50.300.000 60,052,000 50,014.000 JANUARY financing in the domestic market in much below the total for December and for State and municipal issues as in the past held first place as to the number of issues placed was one year ago. the month. during utility offerings were by the $30,000,000 issue of 20-year 3)4% On the other hand public well represented debentures of the Consolidated Edison Co. of New York, Inc., and the $9,000,000 bond offering of the Consumers Power Co. of Michigan. The former issue represents the first major financing of 1938 and the largest emission since mid-October. The company proposed at first to offer $80,000,000 of debentures which was to consist of $60,00,000 for refunding purposes and $20,000,000 for new construction. Unsettled market conditions caused a reduction in the total to $60,00,000. Further unsatisfactory new money market conditions brought the elimination of all ideas for a refund¬ ing issue and the addition of $10,000,000 to the fund for new MONTHLY construction which constituted the above $30,00,000. Consumers Power Co. The offering marks the fifth time since- 1935 that the company has entered the capital market. As a result, all high coupon bonds and nearly all its preferred stock have been refunded. Below we give the larger of¬ ferings in January: PUBLIC UTILITY FINANCING Brothers, and Clark, Dodge & Co. quickly oversubscribed the day of offering. Lehman The issue was 102 and accrued interest, to yield 3.39253% to a share to 30c. a share and became payable on Feb. 1. Biltmore Hats, Ltd.—Extra dividend of 1234c. a share and a regular semi-annual of 25c. a share on the common stock, both were paid on members of the date 3,000,000 California (State of) 2 J4 % Veteran's Welfare bonds, due serially from 1939 to 1954, incl., purchased by Smith, Barney & Co. of New York, and associates, at a price of 104.016, a basis of about 2.20%. Re-offered to yield from 0.50% to 2.35%, according maturity. common public works bonds, due annually about 1.69%. Re-offered to yield from 0.70% to 1.85%, ac¬ cording to maturity. 1,982,000 Houston, Texas, various purposes bonds, bearing interest rate 234 % and 3 % and due annually from 1941 to 1958, incl., went Halsey, Stuart & Co., Inc., New York, and associates, at a price of 100.058, a net interest cost of about 2.52%. Reoffered to yield from 1.30% to 3%, according to interest rate and maturity. at to Community Public Service Co.—Dividend of 50c. a share on the capital stock (represented by v. t. c.), payable Feb. 15. An extra of 25c. a share and a regular quarterly of like amount was paid in each of the four ^ Canada Wire & Cable Co., Ltd.—Dividend of $10 a share on account accruals and further dividend of $1.62234 1,850,000 Dakota County, Neb., 4% Sioux City bridge revenue bonds, due in 1957 and callable at any interest period at prices ranging from 103 to par, purchased privately by Stranahan, Harris & Co., Inc., of Toledo. Re-offered at 103 and accrued interest. 1,707,000 Onondaga County, N. Y., 2.10% various purposes bonds, ma¬ turing annually from 1939 to 1968, incl., awarded to an account headed by the Harris Trust & Savings Bank of New York, at 100.027, a basis of about 2.09%. Re-offered to yield from 0.50% to 2.30%, according to maturity. 1,400,000 Buffalo, N. Y., 334% home relief and relief project bonds, due annually from 1939 to 1948, incl., purchased by a syndicate managed by Salomon Bros. & Hutzler of New York, at 100.279, a basis of about 3.45%. Re-offered to yield from 1)4% to 3.35%, according to maturity. 1,350,000 South Carolina (State of) 3% certificates of indebtedness, due annually from 1939 to 1952, incl., were sold to Lehman Bros, of New York and associates, at 100.479, a basis of about 2.93%. Re-offered to yield from 0.85% to 3%, according to maturity. 1,000,000 Norfolk, Va., 3 % general improvement bonds, due serially from ; 1939 to 1958, incl., awarded to an account headed by Phelps, Fenn & Co., Inc., New York, at 100.11, a basis of about 2.99%. Re-offered from a yield of 1% to a dollar price of 99.75. . 1,000,000 West Virginia (State of) road bonds, due annually from 1938 to 1962, incl., with the 1938 to 1946 maturities bearing 3% interest and the balance at 2 34 %, were sold to the Chase National Bank and Blyth & Co., Inc., both of New York, jointly, at a price of 100.01. Re-offered to yield from 0.25% to 2.50%, according to interest rate and maturity. INDUSTRIAL AND MISCELLANEOUS FINANCING $3,618,000 Bausch & Lomb Optical Co.—The first public offering of company securities in the history of the 85-year old business was made Jan. 13 by Stone & Webster and Blodget, Inc., the issue consisting of 50,000 shares of 5% cum. conv. pref. stock, of which 23,820 shares have been issued in exchange for 1st mtge. bonds and 1st pref. stock under the exchange offers which expired Dec. 31,1937, leaving a balance of 26,180 shares available for public offering, and 50,000 shares of common stock. The pref. stock (par $100) is priced at $100 per share plus divs. from Jan. 1, 1938, to date of delivery, and the com¬ mon stock (par $10) is being offered at $20 per share. $2,000,000 Manufacturers Finance Co., Baltimore—Offering of a new issue of $2,000,000 series A collateral trust notes was made by the company through investment dealers. The notes, which accruals , V../,' ■■'1^ . Ltd.—Extra dividend of 1234c. a share and a dividend of 1234c. a share on the common stock, both . Continental Gas & Electric the stock common a share and on was Corp.—Dividend of $7 Jan. 15. priced at par and accrued interest, were dated Oct. 1,1937, maturing Oct. 1, 1942, and bear interest at the rate of 4>4% per annum. Concurrently, the notes were offered to the holders of the company's present outstanding series A collateral trust notes due April 1, 1938, in exchange at 100% of principal amount, dollar for dollar. Holders of the notes maturing April 1, 1938, will be paid a premium of 1 % of the principal amount of notes exchanged. According to the prospectus, the new notes were offered for the purpose of refunding the notes maturing April 1, 1938, which bear interest at the rate of 5% per annum. Proceeds in excess of the amount required for this purpose will be used as working funds for general corporate purposes. 570,084 Emerson Electric Mfg. Co.—Public offering by means of a prospectus of 212,754 shares of common stock was announced Jan. 13 by Van Alstyne, Noel & Co., New York, and Taussig, Day & Co., St. Louis. The shares were offered at the current market price, which at the time approximated $6 a share. Of the present offering 39,986 and 77/754 shares were purchased Sept. 20 and Dec. 7, 1937, respectively, the proceeds being used for additional work¬ ing capital, and the remaining 95,014 shares are under option bv the underwriters from the company on estate. DIVIDEND Changes in dividend declarations in January include many an unfavorable nature. The following list, devided into two sections, namely "Favorable Changes" and "Unfavor¬ able Changes," gives the more important of the changes: Crowley, Milner & Co.—Dividend of 15c. a share was paid Jan. 20 on the common stock. This will be the first dividend paid since Dec. 31, a share was distributed. Crown Cork & Seal Co., Ltd.—Dividend on the common from 20c. a share to 25c. a share, payable Feb. 15. stock increased Diamond Match Co.—Dividend of 50c. a share on the common stock payable March 1. Cash dividends of 25c. a share were paid on Dec. 1 and Sept. 1, last. Easy Washing Machine Co., Ltd.—Dividend of 70c. a share on account of accumulations pares with 35c. a paid on the 7% pref. stock on Feb. 1. share paid on Oct. 1 and March 1, 1937. was This com¬ Emporium Cap well Corp.—Year-end dividend of 50c. a share and a regu¬ lar quarterly dividend of 25c. a share both on the no par value, common stock, were payable Jan. 31. First Security Corp., (Ogden)—Extra dividends of 25c. a share and a regular semi-annual dividend of 50c. a share were paid Dec. 15 on the class A and class B stocks. German Credit & Investment Jan. 26 on on the Jan. 27, Corp.'—Dividend of 75c. a share was paid A dividend of 50c. was paid 25% allotment certificates. 1937. 1 Gibraltar Fire & Marine Insurance Co.—Extra dividend of 20c. a share and a regular dividend of 50c. a share on the common stock, both paya¬ ble March 1. Gorham Mfg. Co.—Dividend of $1.25 a share was par common stock. paid Jan. 26 on the no On Dec. 15, last a dividend of 50c. a share was paid. (W. T.) Grant Co.—Final dividend for the year ending Jan. 31, 1938 of 50c. a share was paid Jan. 20 on the common stock. A quarterly divi¬ dend of 35c. a share was paid on Jan. 1, last. r Great Western Suger Co.—Dividend of the no par common stock and compares a share paid on Halle Bros. Co.—Dividend 25c. a 90c. a share was paid Feb. 4 on with a regular quarterly of 60c. Jan. 3, last. share to 50c. a on the no par common stock increased from share and was paid on Jan. 26. Haverhill Electric Co.—Dividend of 62c. a share was paid Jan. 14 on the $25 par, common stock. This compares with $1 a share paid on Oct. 14, last and previous reqular quarterly dividends of 50c. a share. Hawaiian Electric Co.—Initial quarterly dividend of 30c. a share was paid Jan. 15 on the 6% preferred stock. Holland-American Line—The company has authorized the payment of a dividend of 5% on its stock. A dividend of 3% was recently paid, this latter being the first distribution made since 1921. Horder's, Inc.—Extra dividend of 15c. a share and a regular quarterly 25c. a share on the common stock, were paid on Jan. 28, last. (George A.) Hormel & Co.—Dividend on the common stock from 25c. a share to 3734c. a share, payable Feb. 15. of increased Howe Scale Co.—Dividend resumed on the common stock by the pay¬ ment of $2 a share on Dec. 27, last. A dividend of $1 a share was paid on Dec. 30, 1921. Lincoln Stores, Inc.—Year-end dividend of 50c. a share was paid Jan. 28 on the no par, common stock. A regular quarterly of 25c. a share was distributed on Dec. 1, last. Loose-Wiles Biscuit Co.—Dividend of 30c. a share was paid Feb. 1 on the common stock. This compares with 10c. paid on Nov. 1, last and dividends of 50c. a share previously distributed each three months. Macmillan Co.—Extra dividend of $1 a share was paid Jan. 10 on the no par, common stock. Mandel Brothers, Inc.—Special dividend of on the common stock. 75c. a share was paid Jan. 26, Manufacturers Trading Corp. (Del.)—Initial dividend was of 1834c. a share paid Jan. 28 on the common stock. McLellan Stores Co.—Dividend on the $1 par common stock increased from 20c. a share to 40c. a share and became payable on Jan. 25, last. of 28. 75c. a Melchers Distilleries, Ltd.—Non-cumulative preferential dividend 20c. a share on the 6% cumul. partic. preferred shares, payable Feb. Outlet Company—Extra dividend of $1 a share and a quarterly of share were paid Jan. 24 on the common stock. (The) Paul Revere Fire Insurance Co.—Extra dividend of 5c. a share in addition to a dividend of 60c. a share on the common stock, both payable Feb. 1. Rike-Kumler Co.—Dividend on the no par common stock increased from 25c. a share to $1 a share and became payable on Jan. 25. A dividend of 25c. a share was paid on Dec. 11, last and each three months previously. Rose's 5, 10, & 26 Cent Stores, Inc.—Dividend on the $1 par, common stock increased from 15c. a share to 25c. a share, payable Feb. 1. Saco-Lowell Shops—Initial quarterly dividends of 25c. a share on the class A and class B convertible pref. stock, and a dividend of like amount on the common stock, all payable Feb. 15. The above will be the first dividends paid by the company in twelve and one half years. Scotten-Dillon Co.—Dividend on the $10 par, common stock increased from 40c. a share to 50c. a share, payable Feb. 15. South Coast Corp.—Dividend of 15c. a share was paid Jan. 27 on the $1 par, common stock. Stamford Water Co.—Initial dividend of 40c. a share on the common stock, payable Feb. 15. Sure Ray Drug Colj—Extra dividend of 50c. a share and a regular quar¬ terly of 20c. a share were paid Jan. 27, on the $1 par, common stock. Transamerica Corp.—Initial semi-annual dividend of 3734c. a share was FAVORABLE CHANGES paid Jan. 31 on the new $2 par, capital stock. Amerex Holding Corp.—Semi-annual dividend of 70c. was paid Feb. 1 on the $10 par capital stock and compares with 50c. a share distributed , American Fidelity & Casualty Co., Inc.—Initial quarterly dividend of 15c. a share on the new common stock was paid on Jan. 10. Arnold Constable Corp.—Dividned on the $5 par, common stock in¬ creased from 1234c. a share to 25c. a share and was paid on Jan. 28. , Corporate Investors, Ltd.—Dividend on the common stock increased from 6)4c. a share to 7c. a share, payable Feb. 15. Sierra Pacific Power Co.—Initial dividend of $1.50 a share was paid Feb. 1 on the 6% preferred stock. 1 CHANGES IN JANUARY of Aug. 2, last. a share was paid on The last previous dividend amounted to distributed on July 1,1936. Upited Shoe Machinery Corp.—Special dividend of $1.75 a share, pay¬ able Feb. 14 on the $25 par, common stock. Foundry Co.—Directors on Jan. 21 declared four quarterly dividends of 50c. a share each on the common stock of $20 payable March 19, June 20, Sept. 20 and Dec. 20, 1938. United States Pipe & par, (Jack) Waite Mining Co.—Initial dividend of 134«- a shara>n the com¬ mon stock, payable Feb. 21, next. \ - ' a this issue. on regular quarterly payable Feb. 15. are on of share, the latter representing the regular quarterly dividend on the 634% cum. pref. stock par $100, payable March 15. The above distributions clear up all a , an share was paid Jan. 26 on the a stock. California Packing Corp.—Year-end extra dividend of 2-200 of a share of $50 par, pref. stock on the no par common stock, payable Feb. 15. on from 1940 to 1948, incl., were sold to a syndicate managed by Brown Harriman & Co. of New York, at 100.059, a basis of from a the common stock. on Bullock's, Inc.—Extra dividend of $2 1931 when 20c. par. 2,000,000 Rochester, N. Y., 1.70% \ share was paid Jan. 25 on the $10 par, pref. stock. This dividend clears up all preferred arrears up to Feb. 1, 1938. A dividend of 25c. a share was likewise paid on the same $1.40 MUNICIPAL FINANCING $5,240,000 Pittsburgh, Pa., 234% refunding bonds of 1938, due serially from 1939 to 1958, incl., were awarded to an account headed by Brown Harriman & Co., Inc., New York, at 100.629, a basis of about 2.18%. Re-offered from a yield of 0.50% to a price of • < Jan. 25. Canadian Oil Companies, underwriting syndicate were The First Boston Corp.. Brown Harriman & Co., Inc.; Smith, Bar¬ ney & Co.; E. W. Clark & Co.; Mellon Securities Corp. and Coffin & Burr, Inc. to increased from 25c. Bankers Industrial Service, Inc.—Extra dividend of 15c. a share and a semi-annual of like amount on the class A stock. The latter dividend was paid on Jan. 1 and the former is payable on April 1, next. quarters of 1937. 9,000,000 Consumers Power Co. (Mich.)—Public offering was made r ; Jan. 19 by a banking group headed by Morgan Stanley & Co. Inc. and Bonbright & Co. Inc. of a new issue of $9,000,1st mtge. 334 % bonds due on Nov. 1, 1967. The bonds were Other Bangor Hydro-Electric Co.—Dividend on the $25 par, common stock Bonwitt-Teller, Inc.—Dividend of 60c. $30,000,000 Consolidated Edison Co. of New York, Inc.—A new issue of S30.000.000 20-year 334% debentures, series due 1958, was offered Jan. 13 by a large underwriting group headed by Morgan Stanley & Co., Inc. The debentures were offered at 101H and int. to yield about 3%%. The bankers offering the bonds, in addition to Morgan Stan¬ ley & Co., Inc., included: Kuhn, Loeb & Qo.; Blyth & Co., Inc.; Brown Harriman & Op., Inc.; Lazard Freres & Co.; The First Boston Corp.; Smith, Barney & Co.; Bonbright & Co., Inc.; priced at maturity. REVIEW > 14 MONTHLY Weill & Co.—Extra dividend of $3 (Raphael) dividend of $3 a share on the Jan. 15. common a share and an annual stock (par $100), both payable ad¬ of $1.50 a share each, on the stock, payable Feb. 1, May 2, Aug. 1 and Nov. 1. dition to the regular quarterly dividends UNFAVORABLE CHANGES Jan. 26 took no action on the payment of a dividend on the no par common stock ordinarily due in March. Dividends of 40c. a share were paid on Dec. 16, last, and each three months previously. . Allegheny Steel Co.—Directors on American Arch Co.—Dividend on the no par capital 75c. a share to 50c. a share, payable March 1. dividend ordinarily due March 1. paid was made A distribution of 25c. a share Dec. 1, last. on Inc.—No action taken on the payment of a dividend on s common stock. One of 12 He. a share was paid on Dec. 1 Wilson & Co., the company last, and each three months previously. Zenith Radio Corp.—Directors on Jan. 25 failed to vote a, dividend for the current quarter. A dividend of 50c. a share was paid on Oct. 30 last and in each of the three preceding quarters. The common stock dividend basis. has not been on a regular The January stock It distinction: one closed that small with the was net a index 50 of "Times"—but it did American Metal Co. Ltd.—Directors on A dividend of $1.75 stock. common Jan. 27 took no action on the stocks Electric Co., Inc.—Directors on Jan. 26 ordinarily payable March 15, on the company's common stock. A regular quarterly dividend of 20c. a share was dis¬ tributed on Dec. 16, last. Works only a according York New the by compiled in the recession to mark a pause serve was point, a of 1937. five months But Water of paid on the common stock on was & the dividend omitted advance The 0.27 only prices that had shorn 35% off market values in the last in Dec. 24, last. American market since last July first gain. to at least could lay claim to market one—amounting the to JANUARY, 1938 THE STOCK MARKET DURING COURSE OF American Machine & Foundry Co.—Dividend on the no par common stock reduced from 25c. a share to 20c. a share and was paid on Feb. 1. A disbursement of on July 1, last. on American Forging & Socket Co.—Directors deferred action on the com¬ mon was Jan. 18 took no action of a common dividend at this time. Nov. 15 last. the payment on stock reduced from American Bakeries Corp.—Dividend of 25c. a share was paid on the class B stock on Jan. 5. A dividend of 50c. a share was paid on Oct. 1 and Will & Baumer Candle Co., Inc.—Directors on 10c. Winsted Hosiery Co.—Four extra dividends of 50c. a share each, in common REVIEW small the net change in index stock the January did not result from a stable price trend. during On the the year up contrary, prices rose briskly from the start of Boss Manufacturing Co.—Dividend on the $100 par, common duced from $2 a share to $1.50 a share, payable Feb. 15. stock re¬ the December highs and reaching the best levels since November. After establishing a peak about the middle of the month and holding their gains for about a week, stock prices began to tumble again, with the recession becoming very rapid indeed in the last week. The stock index slumped 7.04 Bourne Mills, Fall River, Mass.—Dividend on the new capital duced from 50c. a share to 20c. a share payable Feb. 1. stock re¬ points in that last week and, altogether, only 0.27 of a point . on Jan 26 took no action on the common stock ordinarily due in March. paid on Dec. 18, last. ' Anaconda Wire & Cable Co.—Directors declaration of dividend a on the An extra of $1.25 a share was Atlas on the no par common stock reduced share and becomes payable Feb. 15 next. Plywood Corp.—Dividend from 50c. share to 25c. a a of Broadway Department Store, Inc.—Dividend of 20c. a share was paid Feb. 1 on the no par common stock. This compares with 60c. paid on Gas Co.—No action taken on the common dividend usually declared at this time for payment April 1. A distribution of 40c. share was made on Jan. 3 last. a Bullock in overtopping point rise in the first 12 days of the month retained. The volume of trading on the New continued to to York Stock Exchange with the month's turnover amounting shrink, only 24,151,931 shares, over 4,000,000 shares less than the 1937, * Buckeye Steel Castings Co.—No action taken on the common dividend ordinarily due on Feb. 1. An extra of 25c. a share was paid on Dec. 23 last, and a distribution of 50c. on Nov. 1 last. succeeded and 10.01 the was Oct. 28 last. Brooklyn Union 12 Jan. to December volume and less than half of the January, turnover of On only 10 trading days did 58,671,416 shares. volume the exceed A still more marked 1,000,000 shares. the capital stock of $1 par reduced was paid on Feb. 1 last. degree of dulness characterized bond trading, for transac¬ Champion Paper & Fibre Co.—Dividend on the common stock reduced from 50c. a share to 25c. a share, payable Feb. 15. only $165,910,000 par value, the smallest for any January in Fund, Ltd.—Dividend from 30c. a share to 20c. Cincinnati from 15c. Steel a a on share and the $50 par, capital stock reduced share and was paid on Feb. 1 last. Ry.—Dividend share to 10c. a on Colgate-Palm Olive-Peet Co.—Directors Jan. 26 deferred action on the payment of a quarterly dividend on the no par common stock. A dis¬ tribution of 12He. a share was paid on Dec. 24 and Sept. 1 last, and » on each three months previously. Dictaphone Corp.—Dividend of 25c. a share on the no par, common stock, payable March 1. This compares with $2 paid on Dec. 1 last. Dividend Shares, Inc.—Dividend of 0.022 cent a share was paid Feb. 1 on the capital stock and compares with 6c. a share paid on Oct. 23, 1937. Federated Department Stores, Inc.—Dividend stock reduced from 50c. to 25c. a share and was the no par common paid on Jan. 29 last. stock reduced from 25c. share to a 12Hc. a on the no par share, pay. Mar. 1. Heileman Brewing Co.—Payment deferred on the common stock which would ordinarily become due on Feb. 15. A regular quarterly (G.) dividend of 25c. , share a was distributed on Nov. 15 last. Horn & Hardart Co. (N. Y.)—Dividend of 30c. a share was paid Feb. 1 * the stock. During 1937 the quarterly dividends of 50c. a share each. common Industrial $25 par, distributed company four Securities Corp.—Dividend on the 6% preferred stock of reduced from 37Hc. to 18Mc. a share and was paid Jan. 17 last. Interchemical Corp.—Directors on Jan. 15 deferred action on the com¬ mon dividend. A regular quarterly of 50c. a share was paid on Nov. 1 last. (Julius) Kayser & Co.—Dividend on the common stock of creased from 50c. a share to 25c. a share, payable Feb. 15. Keystone Steel & Wire ordinarily due Feb. 1 on $5 par de¬ reduced from 37He. pass the dividend the company's no par common stock. A dis¬ Co.—Directors decided to share to 25c. a a Macassa share, payable Feb. 1. Mines, Ltd.—Dividend the $1 par, common stock reduced payable March 15. on , Melville Shoe Corp.—Dividend of $1 a share was paid Feb. 1 on the no Four quarterly dividends of $1.25 stock. paid during 1937. par common a share each were Nash-Kelvinator Corp.—Dividend of 12 He. a share on the common stock, payable Feb. 21. This compares with dividends of 25c. a share paid in each of the four quarters of 1937. National Tea Co.—Directors omitted the dividend of 13Mc. a share due at this time on the 5% preferred stock of $10 par. Naumkeag Steam Cotton Co.—Directors on Jan. 19 took no action on the payment of a dividend on the common shares at this time. Divi¬ dends of $2 a share were paid on Oct. 7 and July 1 last. New Haven Clock Co.—'Directors deferred payment of the dividend or¬ dinarily due on the 6H % preferred class A stock at this time. A regular quarterly dividend of $1.62H a share was paid on Nov. 1 last. Old Colony Investment Trust—Dividend of 20c. a share was paid Jan. 27 last on the common stock and compares with 35c. a share distributed on Jan. 20, 1937. Outboard on the Co.—Dividend of 30c. a share was declared stock. This compares with $1 paid on common a share to 25c. Poor & Co.—Directors dividend Sagamore Feb. 1, Jan. on the $12H par, common stock re¬ share, payable Feb. 15. no action on the payment of a participating no par, class A stock A dividend of $1.50 was paid on Dec. 1 last. on Manufacturing on a 25 took the $1.50 cumulative and on at this time. Co.—Dividend the capital stock. This of compares 50c. a share, payable a share paid Signode Steel Strapping Co.—Dividend ordinarily due stock in February was omitted. the common A regular quarterly of 62 He. a share on paid Nov. 15 last. Stromberg Carlson Telephone Mfg. Co.—No action taken with regard to the declaration of a dividend on the common shares at this time. of 12He. a share was paid on One Dec. 1 last. United States Steel > Corp.—Directors on Jan. 25 took no action with re¬ spect to the payment or a dividend on the common shares. A distribu¬ tion of $1 a share was paid on Dec. 20 last, being the first made on this issue since March 30, 1932. Western Grocer Co. (Iowa)—Dividend on the $20 par, common stock reduced from 30c. a share to 20c. a share, payable Feb. 5. for .. industrial the background movements in for the security prices in January, it can be pointed out that the trend of after the business activity months est since the After signs of flattening showed out unprecedentedly rapid decline in the last four of 1937. It appeared that the change in the Fed¬ January would be the small¬ beginning of the business decline in September. falling from 85.5% in August to 19.2% in the con¬ week of 1937, operations in the steel industry in¬ cluding creased for four successive weeks, reaching a level of 32.7% of capacity in the last week of January. Railway freight loadings increased more sharply in the first two weeks of January than they did in the corresponding period a year ago, retail trade was at least as good as for the time same a ago, year December. the not flattening traded commodities con¬ attributed the to extremely tration's comment drew to on Administration's trend and of a clear-cut policy in Washington confusing character of the Adminis¬ The year 1937 the business situation. close with a substantial more business the in the first half of the year is to be lack the to of out expectation that the recovery in business uncommon get under way may and the operations November lows. the The failure of the stock market to derive from mill 32% decline from August to a The prices of actively rule above to textile and cotton slightly, following inflammatory speeches by two of the in which charges were made monopoly was seen on every hand, and large investors and managers of business were excori¬ ated. In his message to Congress on Jan. 3 the President of tried to spokesmen of capital, strike a take some the of sting out of the remarks of his spokesmen by saying that they had attacked only a "small minority" business of Then men. at a conference, press Jan. 4, Mr. Roosevelt said it would be highly desirable if a method could be devised whereby industrial heads, in on figure out laws. with representatives of the government, could probable purchases, inventories and consumer of fear without These remarks Administration's tices and at prosecution Throughout blasts at price-fixing, the month the President representatives of finance, conference held of road and the was of labor. on On 11 with a Jan. group 21 he prac¬ conferences labor. leading One execu¬ representing finance, industry conferred manufacturing and with would at the be held representatives financing concerns, assurances practices would be modified. announced ference held industry and Jan. which he was said to have obtained was monopolistic automobile, food, manufacturing, steel, rail¬ material industries. On Jan. 14 the automobile ment sales anti-trust building President met with and the "big business." with tives under proved difficult to reconcile with the such with $1.50 Nov. 2 last, and in each quarter previoulsy. was ■ As demand Owens-Illinois Glass Co.—Dividend duced from 75c. of stocks, bond dealings in January to less than half of the January, consultation & Mfg. Marine payable Feb. 10 Sept. 25 last. Exchange came to 1937, total of :V .V'* In the stock market the trend of prices was mixed, with the rails and rail equipments showing weakness and the oils, motors and foods contriving to display a small measure of strength. V : cheer on the $5 par, common stock reduced from $1 a payable Feb. 15. from 10c. a share to 5c. a share, case Stock $342,687,000. ; the $25 par, common stock on As in the up tinued Lynch Corp.—Dividend share to 50c. a share, footed increased tribution of 25c. was made on Nov. 1 last. Lehigh Portland Cement Co.—Dividend 20 years. York the New on eral Reserve Board's index in (A.) Hollander & Son., Inc.—Dividend on the capital stock ordinarily payable on Feb. 15 was omitted. Quarterly payments of 25c. a share were distributed during 1937. on bonds on Fitz Simons & Connell Dredge & Dock Co.—Dividend common in tions Simultaneously, it White House that still another with small at that instal¬ business men. con¬ What all MONTHLY Feb., 1938] 15 KEVIEW .—- of these conferences added up something of they provided business attacks a counterbalance to the antiother quarters of the from emanating Administration. the which statement conference 25. Jan. on out at his press statement the President Roosevelt Mr. In this gave At the same time he felt that there were many mass production indus¬ tries in which price adjustments could be made without affecting wages. In the trading session following the declared himself to be opposed to wage cuts. issuance of this statement the stock market had its sharp¬ est threat included in the statement that if go ahead and cut wages anyhow, the gov¬ ernment would have to find other means of creating pur¬ forted the by 1971 96M 1955 104 M 1957 103 106 M market much Not only did this statement leave the stock doubt in to Mr. Roosevelt's intentions, as it into a state of confusion, and foreigners began to withdraw their funds from this country in considerable quantities and the stock market was menaced by the possibility of foreign liqui¬ also the threw exchange foreign market Two other matters of the most direct interest to the stock Exchange 24, effective Feb. 8, that no short sales of any security could be made on any national securi¬ ties exchange except at a price % point above the last previous sale price; and, second, the report by the Conway Committee, on Jan. 27, recommending an extensive reor ganization of the New York Stock Exchange, including the the were ruling the Securities and by Jan. on 108 Jan. 99 M Jan. 101 Jan. 13 112M Jan. 30M Jan. 113M Jan. 20 33M Jan. 26 25M Jan. 27M Jan. 27 72 81 72 German (Rep) 7s stamped 1949 (Govt) Internat 5 Ms stamped 1965 Japanese Govt 6 Ms 1954 5Ms. 1965 New South Wales (State) 6s. 1957 As to the fluctuations in individual stocks, Steel United States Jan. 25 at 62% and at its lowest its highest at was 51%, with the close Jan. 31 at 53%. Steel, pre¬ ferred, was at its highest Jan. 10 at 114% and at its lowest Jan. 28 at 104%, with the close Jan. 31 at 107. American Tel. & Tel. dropped from 149% Jan. 10 to 140 Jan. 31, with the close from at the latter on at 140%. day American Can rose Jan. 12, with the close Jan. 31 Jan. 10 Jan. 3 to 82% 70% General Electric moved down from 45% 77%. 31 at 39%. Allied Chemical & Dye was at its highest Jan. 10 at 176% and at its lowest Jan. 29 at 154%, with the close Jan. 31 at 158. Westinghouse Elec. & Mfg. fell from 109% Jan. 15 to 90% Jan 28, with the close Jan. 31 at 93. Consolidated Edison Co. of N. Y. moved down from 25% Jan. 14 to 20% Jan. 29, to 37% with 28, Jan. the close York Central lowest Jan. 31 Jan. was 28 the close Jan. with at 22. at In railroad the list, New highest Jan. 12 at 19% and at its at its 15%. with the close Jan. 31 at 16%. from 17% Jan. 12 to 13% 31 at 14%. Union Pacific fell 88% Jan. 12 to 73% .Tan. 28, with the close Jan. 31 & Delaware Hudson 77 dropped at 78. .Southern Pacific was at its highest Jan. and its lowest at Jan. 28 at 16%, 101 102M 102M Jan. 107M Jan. 108% Jan. 68 M domestic considerable number, likewise, of corporate and foreign government bond prices: a Sale ; Sale Lowest Jan. 3 59M Jan. 78 M Jan. 3 62 Convertible 4Ms I960 Bost & Maine 1st 5s ser A-C-1967 31M 24M Jan. 34 43 34M Jan. 43 Jan. 5 42 1950 1992 74 M 74M Jan. 78 M Jan. 19 119M Chic Milw St P & Pac 5s A..1975 11M Brooklyn Union Elev 5s. Chesapeake & Ohio 4Ms 88 56 Jan. 11 56 Lehigh Valley (Pa) cons 5s. .2003 Liggett <fc Myers Tob 7s 1944 Mo Kan Tex cum ad) 5s 1967 New York Central 3Ms 1946 38M 31 Jan. 63 M Jan. Jan. 40 12 31 91M N Y C & St L 4Ms series C..1978 62 Pennsylvania RR deb 4 Ms.-1970 Conv deb 3 Ms Jan. 12 46M 21M 10M Jan. 23 17 8M 7 86 M 80M Jan. 91 Jan. 3 81M 89 Jan. 10 80 M 75 71 Jan. 79 M Jan. 10 71 84 Jan. 93 Jan. 10 85 H 79 M Jan. 87M 1952 EXCHANGE VOLUME OF BUSINESS ON THE STOCK Bond sales 19,409,132 67,201,745 58,671,416 24,151,931 1935 1936 1937 1938 Month of January— Stock sales—No. of shares- 19 (par value)— Railroad and miscellaneous f128,981,000 $267,568,000 $404,531,000 $195,181,000 20,576,000 49,481,000 38,488,000 40,649,000 16,353,000 State, minlcipal & foreignUnited States Government 25,638,000 33,118,000 94,716,000 $165,910,000 $342,687,000 $476,137,000 $330,546,000 Total bond sales CURB EXCHANGE VOLUME OF BUSINESS ON THE 1935 3,673,749 19,777,580 19,529,347 4,174,779 Stock sales—No. of shares._ 1936 1937 1938 Month of January— Bond sales (par value)— $56,354,000 $126,347,000 $105,893,000 2,075,000 2,368,000 1,740,000 $25,851,000 Domestic Foreign government- 538,000 Foreign corporate. 621,000 JANUARY, 1938 THE MONEY MARKET DURING influences as well as the continued Reflecting seasonal recession a trade, a sharp decline in the amount of cur¬ outstanding occurred during the past month, resulting rency in in 1,317,000 1,076,000 1,995,000 $60,089,000 $129,791,000 $109,285,000 $27,010,000 Total bond sales substantial member bank reserves. of excess increase Between Dec. 22 and Jan. 26, money in circulation declined bank ber Jan. excess 26, with reaching those peak a of last the $515,000,000, in further a 111.9 18 to the of investment funds idle securities, high-grade as a 104.4 104 Jan. 105.16 105.6 Jan. 1940-1943 106.9 106 Jan. corporation ernment 18 104.16 and 19 105.26 19 106.2 of other 107 107 Jan. 3 107.12 Jan. 18 105.28 105.28 Jan. 3 106.28 Jan. 15 106.13 105.19 Jan. 4 106.20 Jan. 18 106.8 Treasury 3Ms 1941 107.4 107.4 Jan. 3 107.22 Jan. 18 Treasury 3 Ms 1944-1946 107.3 107 Jan. 4 107.31 Jan. 18 107.21 101.30 101.35 Jan. 4 102.23 Jan. 20 102.8 103.26 103.25 Jan. 3 104.29 Jan. 20 104.13 102.1 101.30 Jan. 4 102.29 Jan. 20 102.10 100.31 100.31 Jan. 3 101.30 Jan. 19 101.16 100.26 Jan. 4 101.20 Jan. 4 100.8 hanks decreased 26. Jan. 20 101.7 $2,827,000 Jan. 20 100 reserves 102.17 20 103.28 Jan. 28 104.30 Jan. 19 new Federal Farm Mortgage— 103.15 Jan. 27 104.12 Jan. 18 103 27 103.22 Jan. 27 104.26 Jan. 19 104.2 27 103.17 Jan. 19 102.27 103.19 Jan. 27 104.15 Jan. 19 103.30 4 102.14 Jan. 19 101.30 3 102.4 18 101.18 Home Owners' Loan— 103.25 ..1939-1949 101.25 101.12 Jan. 2Ms series G ..1942-1944 101.6 101.6 Jan. high-grade municipal four weekly Gov¬ issues of since September, 1934, being sum $700,000 came con¬ from India Jan. Bills from Discount holdings of the 12 Reserve $12,847,000 bought in the Dec. open 29 to market $11,470,000 fell from Dec.* 29 to $548,000 Jan. 26. rose steadily from Total member bank $6,982,752,000 Dec. 29 to a high of $7,295,871,000 Jan. 26. Reflecting the abun¬ of available funds, money rates remained at their dance 102.18 Jan. 2Mb series B to all on Gold importations during January lowest level $1,223,000,000 Jan. 26. 4 103.20 Jan. 103.30 yields gold fund of the Treasury declined by a similar amount to 99.18 Jan. 103.25 on which other and government transactions, the gold stock of the country during 102.14 Jan. 2Ms com¬ $100,- January showed a reduction of $5,000,000, and the inactive 99.23 3s With over outflow 106.13 Jan. 105.22 3s. of $800,000 from Australia. As a result of a further of $5,000,000 gold to France, and in consequence 4 104.28 Jan. 1941-1943 3Ms their substantial declines. limited was in and bonds showed financing ties of the same amount. 4 106.11 Jan. 31 1949-1952 100.30 decrease result of of government issues classes *108.5 1946-1948 alone 000,000 during the month, banks turned in growing measure $1,500,000, of which 18 3 108.19 Jan. ■»' i banks equaling City York virtually requirements. reserve showing fined to 5 111.22 Jan. 107.18 Jan. ~ $1,440,000,000 of established just prior to the enactment increase loans mercial high a New the of to rose reserves level of last April, of Total mem¬ 28 had been limited to $257,000,000. since July $50*000,000 each of 91-day Treasury bills to replace maturi¬ 110.27 Jan. * 3 Jan. 31 Highest 107.18 1944-1952 Jan. 93 X Jan. the — 62 Jan. 20M Jan. 8M Jan. reached 3s series A... 83M 43 79M Jan. 112.28 l 82M Jan. 5 91M 1952 .1939 Western Maryland 1st 4s 5 12 21M 9M 1992 1997 Warner Bros Pictures 6s 129M Jan. 18M Jan. 92 M 90 M N Y N H & H 1st ref 4 Ms—1967 N Y Ont & Western ref 4s 36M 23 M Jan. 91M Jan. 131 129M Jan. 23~~ 107.21 1945 82 8 Treasury 4s._ Treasury 2Ms 5M *17M 3 8 117.17 1949-1953 16M Jan. 46 M Jan. 94 M Jan. 19 — 3 89 M Jan. 20 . 11 73 M Jan. Jan. 43 Jan. 18 Treasury 2 Ms 7M Jan. Jan. 80M Jan. Jan. Treasury 2 Ms. Jan. 84 4 113.11 Jan. 1951-1954 10M 5 56 35M Jan. 4 108.6 Treasury 3 Ms——...--1948-1951 118M 8 89 M 3 117.24 Jan. Treasury 2 Ms 6 86 M Jan. .-.1945-1947 77 Jan. 13 M Jan. 44 1963 111 Cent StL&NO 5s Jan. Treasury 2 Ms 25M Internat Paper 5s ser A & B.1947 Kan City Sou ref & lmpt 5s..1950 112.2 Treasury 2Ms 50 107M Jan. M 121 Jan. 10M Jan. 6 107.2 — 117 73 M 43 E..1977 Erie ref & lmpt 5s of 1927—1967 Great Northern gen 4 Ms 1977 116.22 Jan. Treasury 3Ms Treasury 3M8--- 5 77 M 107.4 Treasury 3 Ms 12 Jan. 116.22 Treasury 3Ms 65 12 Jan; Jan. 1943-1945 Treasury 3s Jan. 58 Jan. 46 106 1944-1954 Treasury 3s. 76 109 M Jan. 61 56M 70 M 1947-1952 Treasury 3 Ms Jan. 31 Highest Lowest 109 M Allegheny Corp coll trust 5s. 1944 Amer & Foreign Power 5s_.-2030 Atch Top & S Fe gen 4s 1995 Baltimore & Ohio 1st gold 4s. 1948 Treasury 3Ms Treasury 3 Ms Price Price Jan. 3 and Treasury 4Ms k Closing Range for January, 1938 Opening Railroad and Industrial Bonds Last Range for January, 1938 First Goternment Bonds -V 71 Jan. 73 68 M Jan. $387,000,000, although the entire increase up to that period Bond prices in January except in the instance of the very highest grade issues, were weak, with the domestic bond average of the New York "Times" falling 3.51 points, con¬ stituting the sharpest recession for any month since Septem¬ ber, 1933. Second grade rail bonds, adversely affected by the failure of the Erie Railroad to pay its January coupons and by the road's application for a trusteeship on Jan. 18, were especially hard hit. The Soo Line, operating 4,297 miles of track, had applied for trusteeship on Dec. 31. In the following table we show, as usual, the fluctuations for the month in the different issues of United States Govern¬ obligations, and 102k 103X Jan. 108 11, with the close Jan. 31 at 8%. close Jan. 31 at 11%. ment 56 64M Jan. 102 M Jan. Jan. Norway 4s 1963 Queensland (State) ext 7s...1941 12 at 22% Baltimore & Ohio rose from 7% 17%. 33 Jan. Rome (City) external 6Ms--1952 with the close Jan. 31 Jan. 5 to 10% Chesapeake & Ohio dropped from 38% Jan. 17 to 32% Jan. 27, with the close Jan. 31 at 33%. Southern Railway was at its highest Jan. 12 at 13% and at its lowest Jan. 28 at 10, with the at Jan. Jan. 49 M Jan. 64M — Jan. 28, with the close Jan. from 112M German Northern Pacific 4s appointment of a paid President. Jan. 28 at 107M 13 106M Jan. 99 M C C C & St L 4Ms series Commission 91M 105M 17 106 Jan. 112M Belgium (Kingdom) 6Ms.--1949 Brisbane (City) 5s... 1957 Canada (Dominion) 5s 1952 Chic & N W 4Ms series A...1949 dation. market 3 27 96M Jan. 104M Jan. 103 Jan. 103 M Jan. 91M Jan. Argentine external 4 Ms Australia 5s of 1925 business should chasing power. Jan. 31 Highest Lowest Jan. 3 The market was not to be com the month. break of Price Price Foreign Bonds Austrian (Govt) 7s Most interesting of all to the stock market, however, was Closing Range for January, 1938 Opening to was not readily manifest What seemed clearest of all was that to the stock market. previous low levels, with average yields on three- to fiveTreasury notes receding further from 1.23% to 1.15%, and with those on longer-term Treasury bonds from 2.51% to 2.47%. On the Stock Exchange the call money rate continued to he quoted at 1%. year 16 MONTHLY CALL LOAN RATES ON THE NEW YORK STOCK EXCHANGE REVIEW erable part unfilled, as only small quantities of acceptances continued to be made available to dealers for resale in the Low Low Renewal High Renewal High Jan. 17— 1 1 1 1 1 1 Jan.19 1 1 1 1 1 Jan.20 1 1 1 1 1 Jan.21... 1 1 1 1 1 Jan. 22... discount 1 Jan.18.- Jan. 1 Jan. 2 Jan. 3 1 Jan. 4 1 Jan. 5 1 Jan. 6 1 Jan. 7 1 1 1 Jan. 8.... Jan. 9 Holiday Sunday 1 Jan. 23 1 1 1 1 Jan. 10 1 1 1 Jan.26 1 1 1 1 1 Jan. 27 1 1 1 1 1 Jan. 28 1 1 1 Jan.IS 1 Jan. 14 1 eign 1 Jan. 12 1 Jan. 29 1 Jan.30... Jan.16 security collateral were nominally un¬ on changed at 1%% for 90-day loans and at 1 %% for longerterm accommodations. With trading activities in the secur¬ ity markets greatly restricted, commodations confined demand for new little renewal of DAILY RECORD older smaller volume of shipments domestic in domestic bills drawn to finance on Mixed Collateral 150 Days 120 Days 90 Days 180 Days 60 Days 30 Days Accept'ces Bid A Ask Bid A Ask Bid A Ask Bid A Ask Bid A Ask Bid A Ask Secured by Holiday Sunday Xaht XWit Xu7i» Xaht 3 5 Months 4 Months 90 Days 1... 6 Months 5 Holl day 2... Jan. 4... Jan. 5... Jan. IX 7... IX IX IX 1H 6... IX Jan. Jan. . IX IX IX IX IX 9... IX IX IX IX IX IX IX IX 8 Jan. 7 Sun day 1H IX IX IX IX Jan.11 IX IX IX IX Jan.12... Jan. 13 Jan. 14... Jan. 15 IX IX IX IX IX IX IX 13 Jan.19 Jan. 20 Jan. 21 IX IX IX IX IX Jan. 18... IX IX IX IX IX IX Jan. 22... IX Jan.25... IX IX Jan.26... IX Jan. 27 IX IX Jan.28 IX IX IX IX IX Xaht Xa71« Xa7it htaX Xaht Xaht h taX Xaht Xa7it Xa7 it •i taX Xa'it Xaht »i taX Xaht Xaht Xa7 ie h taX Xaht Xaht Xaht Xa7it IX IX IX IX Xa7 it h taX Xaht Xa7 it Xa7it #i taX Xaht Xa* it Xaht X 7it Xa7\t Xa7 it Xa7 it h taX Xaht Xaht Xa7it Xa7n h taX Xaht Xa*it Xa7\t Xa7it Xa7 it htaX Xaht Xaht Xaht Xaht Xaht Xaht Xaht Xa'it Xa7it Saturday Sunday Xa7 ie Xa7\t Xa7it Xa7it 24 Xa7it htaX Xa11« Xa7it h taX Xa7it Xa7 ie 'itaX Xaht Xaht h taX Xaht Xa'it htaX Xaht Xaht 27— Xa71» Xa7it Xa7it Xa7it Xaht Xa7 it 25 26 IX 29— IX ' • Sunday 30 Xa7 it Xa7 it 31 IX htaX Saturday IX IX IX -IX Xaht Xa7it 23 IX IX IX IX Xaht Xa7 ie Xa7it Xa7it 22 IX IX h taX Xa7it Xa11« 20 IX IX IX IX IX Xaht Xaht Xa7it Xa7 it Xa7it ..... 19 • IX IX Xaht 28 IX IX IX IX Xa7\t r RETURNS Satin- day Jan. 30 Xaht Sunday 18 IX IX IX IX IX IX IX Jan.29... h taX Saturday 17— Sun day Jan. 24 Xa7it Xaht 21 Satin- day Jan. 23 Xaht Xa7it 16 IX Sun day IX IX IX IX Xaht 15 IX Jan. 16... Jan. 17... 2.2.. 12... 12 IX IX IX IX Xaht #i taX Xaht Xa7it U IX IX IX IX IX Xaht h taX Xa7it Sunday 14 IX IX Satin- day IX IX IX IX •ie aX Xa7 is Saturday 10 Sun day IX Xa7 it Xa71* Xa7 u 9 IX IX ..... Xa1 it 8 IX IX IX IX ■ Satin- day Jan. 10... dollar ex¬ Call Loans Jan. loans. 6 3 export and PRIME BANKERS' ACCEPTANCES 4 Jan. and goods ac¬ • Jan. goods, by others." ment 1. Jan. of warehouses; some increase occurred in 2 60 Days bills representing import storage of goods in or shipment between for¬ OF TIME LOAN RATES Rates 30 Days summer. cepting banks and bankers continued to hold about 80% of all bills drawn, leaving approximately $65,000,000 for invest¬ existed, and transactions were again mostly to the last As against a year ago, bills at the end of December showed a reduction of $30,000,000. Ac¬ Sunday Time loan rates of about $5,000,000 during Decem¬ change transactions. 1 1 a countries, outstanding Sunday 1 Jan.31 Saturday due to stored Saturday 1 1 Jan.15.... acceptances held at beginning amount sufficient to cancel the aggregate increase preceding three months. The decrease for the month transactions, 1 Jan.11.... the an of the 1 1 for bankers' since effect in outstanding declined was Jan.24... Sunday ber, Rates market. levels Bills Saturday Sunday Jan.25 Saturday the OF THE FEDERAL BROKERS' RESERVE BANKSYORK CITY LOANS IN NEW Sun day Jan.31... IX IX The Federal Reserve IX IX IX IX System did not inaugurate any new policies in January. It contented itself with allowing excess reserves to pile up as holiday currency was retired and declined to accede to the requests of some member bankers and others that reserve requirements be reduced. The system's principal spokesman, Marriner S. Eccles, Chairman of the Federal Reserve Board, testified as follows at a hearing of the Senate Committee on Relief and Unemploy¬ ment on Jan. 4: "I think if we look to monetary policy as the sole factor to stabilize an economy we're going to be terribly disappointed." He added: "A billion dollars of increased spending, if it worked quickly enough and in such a manner as to increase buying power, would act as the necessary stimulus and stop recession." As if to emphasize the System s opinion that the cure for the business recession should be found in non-monetary remedies, the Federal Open Market Committee, contrary to the usual custom, was not called credit Commercial paper remained in active domestic demand. Although offerings increased somewhat, the available sup¬ ply of notes continued to be exceeded by the demand. No change occurred in the rate for average-grade prime fourto six-month paper, which remained at 1%, but amount of choice notes brought a date Jan. of sizable a running for three months and less reduction in their announced interest rate to %%. Under 11, the Federal Reserve Bank of New York that dealers showed received returns from commercial paper total of $279,200,000 of open-market com¬ mercial paper outstanding on Dec. 31 compared with $311,000,000 at the end of November, 1937, and $215,200,000 at the close of December, 1936. a RATES FOR MONEY AT NEW YORK Week Ended Jan. 8 Call loans on Jan. 15 Jan. into 22 Jan. 29 Stock Exchange: Range for week (mixed & Industrial collateral) Week's average (mixed & industrial collateral). Time loans (mixed and Industrial collateral): 1@1 1@1 1@1 1 1 1 1 IX IX IX IX IX IX IX IX Four months IX IX IX IX IX IX IX Five months IX IX IX IX Six months IX IX IX 1 1 1 1 1 1 1 1 _ Thirty days Sxity days Ninety days 1@1 IX IX Commercial paper: Double and single names: Prime 4 to 6 months ' Good 4 to 6 months Trading in bankers' acceptances continued quiet, with the available supply active investment of bills again demand. falling far short of the outstanding acceptances, Total according to the monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York, published Jan. 11, were $343,065,947 Dec. 31 compared with $348,- 026,993 Nov. 30 and $372,816,963 Dec. 31, 1936. With the exception of export bills, which increased from $83,854,495 Nov. 30 to $86,764,838 Dec. 31, virtually all other classifica¬ tions-* showed small declines, with import" bills decreasing from $122,058,013 to $117,248,428; domestic shipments from $8,691,609 to $7,688,659; domestic warehouse credits from $70,487,210 to $69,999,661, and bills based on g<>ods stored in shipped between foreign countries from $61,446,651 to $59,494,458. Rates for bankers' acceptances continued to be quoted at %% bid and 7/16% asked for 30-day, 60-day and 90-day bills, at 9/16% bid and %% asked for 120-day or bills, 150 and at and in its %% 180 days. bid and 9/16% asked for bills funning The New York Federal Reserve Bank, "Monthly Review," discussed conditions in the market for bankers' acceptances as follows: "Bill dealers continued to transact ume of business during mand in existence for only a moderate vol¬ January, the active investment de¬ some time past remaining in consid¬ meeting in January. only way in which Federal Reserve banks tried in a positive way to influence credit conditions in January was by resisting the rise in government bond prices. The steady increase in member bank excess reserves, coincident with the reduction in loan volume, has bestirred the banks to greater activity in the accumulation of investments. The favored medium for the employment of bank funds has been the direct obligations of the United States Government, and such buying imparted an unusually strong tone to the market in the first three weeks of January. In countering this trend, the System sold out $23,966,000 of its bonds in the four weeks ended Jan. 26, thus increasing the supply of bonds available for purchase and slowing down the price rise. But, rather than suffer their portfolio to decline, the Reserve banks replaced the bonds so disposed of with $17,216,000 more Treasury notes and $6,750,000 more Treasury bills, with the new acquisitions exactly matching the sales of bonds. Ihe policy of selling out bonds and replacing them with notes really began directly after the quarter date financing ill December, when Government securities began to climb sharply in price. From Dec. 15 to Jan. 26 the Reserve banks lightened their Treasury bond holdings by The $43,966,000. The performance of currency circulation in the month after Christmas was exceptional. From the last week of July, when currency circulation usually reaches its low point of the summer, until Christmas week, when the year's high is attained, circulation increased last year by only $257,000,000, or about $175,000,000 less than the average rise over a number of years. The slower pace of business during the fall undoubtedly was an important factor in the subnormal rise in currency. The same factor has helped to make the post-holiday return flow of currency a good deal larger than was to be expected on the basis of the fall mas increase. In the five weeks from Dec. 22, the Christ¬ peak, until Jan. 26, a total of $387,000,000 of currency MONTHLY Feb., 1938] was retired from circulation, or $130,000,000 more industry and agriculture were reduced by $101,000,000. The reporting banks in 101 cities experienced a decline of $195,000,000 in loans and investments in the four weeks from Dec. 22 to Jan. 19, with loans down $329,000,000 and investments up $134,000,000. The banks in 101 cities had a decline of $179,000,000 in loans to commerce, industry and agriculture, while their holdings of, direct Government securities increased $76,000,000. They bought $20,000,000 more Government guaranteed securities and $38,000,000 than was paid out into circulation in the fall. The strong return flow of currency after the holidays brought the level of circulation on Jan. 26 down $24,000,000 below the mark for the corresponding date of 1937. This was the first time that currency was lower in the year in more than two years. The actual volume of hand-to-hand money in use on Jan. 26 was $6,294,000,000, or $277,000,000 under the total for Dec. 29. other securities. more substantially, member bank reserves considerable rise. Actual njember bank reserves increased $313,119,000 in the four weeks from Dec. 29 to Jan. 26, while excess reserves rose $280,000,000 to a total of $1,440,000,000, a new high since the last of the series of increases in reserve requirements on May 1, 1937. 'Aside from the fall in currency circulation, the chief sources from which member banks gained reserves in the four-week period were the decline of $22,282,000 in the Treasury's deposit with the Reserve banks and the $28,000,000 re¬ duction in nonmember deposits and other Federal Reserve accounts. These gains in reserves were offset to the extent of $8,000,000 by the decrease in Federal Reserve credit in the four-week period and to the extent of $5,000,000 by the decline in the monetary gold stock. Bills discounted by the System for member banks dropped $377,000. Bills bought in the open market declined $2,279,000, reflecting the transfer of the System's participation in the credit to the National Bank of Hungary from bills bought to all other With currency falling enjoyed bank loans to brokers and brokers' loans—declined Reporting New York City a dealers in securities—the so-called $168,000,000 in the four weeks ended Jan. 26 and the total of these loans reached, at $651,000,000, a new low since April, ,1935. v j'V;, -<»;• v V;.\ ■/V"; V, , .. EXCHANGE DURING JANUARY COURSE OF STERLING Sterling usual seasonal usually favor the by the System for the new reflection was given to the year-end adjustments. Reflecting the excess of earnings over dividend payments, the Section 7 surplus of the Reserve banks increased $1,885,000 and the Section 13-B surplus $68,000. Reserves for contingencies declined $2,654,000, and bank premises were In the first statement issued pound ness year tainties Vigorous buying of investments by the reporting New City banks was the feature of their activities in the four weeks ended Jan. 26. They acquired $119,000,000 of direct Government securities, $30,000,000 of Government two from this side, the to but January firmness of chief causes, by accompanied in depression the widespread policies of monetary in the uncer¬ Washington, and French monetary, economic, and which, creating great anxiety, caused situation, heavy flow of Continental and other funds into sterling. of silver in London for official Amer¬ Heavy purchases York circumstances tend to under normal prevailing firmness in sterling is due to uneasi¬ on exchange world beginning of unusual. was as banking the import account have been completed, on the renewed crisis a with After the turn of the year, when com¬ should resulting business marked down $224,000. sterling London against New York, This year trend contrary to the a international The easier mercial settlements exchange December, course. for looks autumn pressure. the in as continued to display January during exchange marked firmness assets. ican account and demand for gold in London for account of in private hoarding interests were also factors of strength guaranteed securities and $47,000,000 of other securities, and the $196,000,000 of securities thus bought exactly offset the liquidation in the loans of the principal New York banks, giving them an unchanged volume of loans and investments in the four-week period. Loans to commerce, DAILY 17 REVIEW Added sterling. London due w RATES OF EXCHANGE the was movement of funds to commercial, banking and central banking account on the to this to necessity of maintaining free balances in the orld's most important commercial center. ON CONTINENTAL CENTERS Paris Swiss Netherlands Belgium Italy Greece^ Belga Drachma Francs Guilders Lira Francs Jan. HOLI DAY SUN DAY a23.17 3.39%a3.40% 23.14 a23.17 4... 3.39J4o3.40 3.39%a3.40% 23.15 5— 3.39%a3.39J4 3.39%a3.39% 23.1334a23.15 a.15% 6... 3.38%a3.39% 3.395i«a3.397ie 23.14 a23.16 7— 3.38%a3.39% 3.39%a3.39»ie 23.15 8— 3.38%a3.39% 3.39%a3.39% 23.1534a.1634 3—. 3.39%a3.40 11— IS¬ IS— 14— 15— a.1534 3.38%a3.38% 3.39%a3.39% 23.15 3.37%a3.37% 3.38%a3.39Ji 23.1434 a23.15 3.36 a3.38% 3.38si»a .38lli« 23.1334a23.14 a23.11 a3.36J4 23.09 3.20 a3.33% 3.23 23.07 34 a23.09 3.29 a3.34 a3.33 3.27 3.32 a.1534 23.1434a23.16 23.1534a.16% 23.16 a23.17 SUN DAY 3.28J4a3.34% 3.34%a3.39 18— 3.32%a3.34J4 3.34%a3.36% 23.09 19... 3.34 23.14 21— 22— 3.31%a3.32% 3.321ita3.3334 23.1034a23.11 23.11 24— 25— 26— 27— 28— 29— SUN DAY 30— 31 — SUN DAY 4— 5—. 6— 7— 8— 9— 10— 11— 12— 13 14. is¬ 17— 19... 20— 21— 22... SUN DAY Checks Cables HOLI DAY Checks Cables Checks SUN DAY 22 31 25.75 25.76 25.10 025.76 25.07 Cables - . 22.2934a22.30 22.30a22.3034 22.30 022.31 22.3034a.3l34 22.3034a22.32 22.31022.3234 22.3034 a22.31 22.31a22.3134 022.32 22.30%a.3l34 22.31 22.31a22.3l34 22.3l34a22.32 25.74 «25.75 25.75 025.76 25.76 22.3034a.3l34 22.30 26— 27... 22.3034a22.31 22.3234a22.33 28— 22.33 29... 22.3334a22.35 25.09 25.10 025.11 40.27 25.10J4a25.12 40.26J4a40.28 025.12 25.llJ4a.12J4 40.27J4o.28J4 25.11 SUN DAY SUN DAY 022.36 40.28 SUN DAY 18.89 018.91 18.89 a40.29 18.89 O40.29 O18.90 18.89J4al8.91 18.89 18.89 040.28 40.27J4a.28J4 040.28 40.27J4a.28J4 18,89 O18.90 18.89 O18.90 040.28 40.27J4a.28J4 18.90 SUN DAY 22.3734a22.39 22.38a22.39% 25.84 SUN DAY SUN DAY Cables O18.90 018.91 6.14 6.14 6.14 6.14 SUN DAY 6.13 6.16 6.06 6.19 6.20 6.14 SUN DAY 6.14 6.14 6.14 SUN DAY 0.34J4 18.90 6.14 18.89J4al8.91 18.89J4ol8.91 18.89J4al8.91 O18.90 18.89J4al8.91 040.28 40.2734a.28J4 18.89 O18.90 40.25J4a.26J4 40.26 O40.27 18!88J4al8.89 18.89 O18.90 40.26a40.26J4 40.26J4a40.27 18.88 J4al8.89 18.89 SUN DAY 6.14 6.14 SUN DAY SUN DAY 40.33 025.86 25.84 %a25.87 25.18J4a25.21 25.19a25.21J4 40.32 J4a40.34 Checks 18.90 a22,32 25.75J4o25.77 25.76a25.77J4 25.10J4a25.12 a25.ll 25.1034a.llJ4 025.76 25.75J4a.7634 25.10 025.12 22.31a22.3134 25.76o25.76J4 25.76J4a25.77 25.10J4a25.11 25.11 18.89 O18.90 025.14 25.13J4a.14J4 40.26a40.27J4 40.26J4a40.28 18.88J4al8.89 025.79 25.7834o.79J4 25.13 22.33022.3334 25.78 018.91 40.27 040.28 40.27J4a.28 J4 18.88J4al8.90 18.89 22.3334a.3634 25.78 025.81 25.7834a.81J4 25.13 025.16 25.13 J4a.l6J4 18.89 O18.90 18.89J4al8.91 040.31 40.29J4a.31J4 025.82 25.15J4a25.16 25.16a25.16J4 40.29 22.34 022.36 25.80J4a.81J4 25.81 22.31 .9134 a.92 SUN DAY 25.11a25.12J4 40.27 022.31 22.3034a.3l34 25.75 .91%a.91% SUN DAY O40.24 040.28 40.27J4a.28J4 O25.10 25.09J4a25.11 40.27 025.12 40.27 025.77 25.10J4a.1134 25.11 25.7534a.7634 25.76 025.12 25.llJ4a.12J4 40.27 25.76 025.77 25.76J4a.77J4 25.11 025.12 25.llJ4a.12J4 40.27 25.76 025.77 25.7634a.77J4 25.11 SUN DAY 25— 025.77 25.74J4o.75J4 25.75J4a25.77 25.76J4o.7734 40.27J4a40.30 40.28a40.30J4 40.23 025.10 25.07J4a.10J4 40.22J4a.23J4 .9l34a.92 .9l34a.92 .91%a.92 .9134a.92 .9134a.92 ,91%a.92 HOLI DAY SUN DAY SUN DAY SUN DAY 25.11 .91%a.91% .91%a.91% .9134a.91% .9134a.91% .9l34a.91% .9134 0.9134 Peseta 18.89J4al8.92 O18.90 18.88J4al8.89 18.89 22.27 O22.30 22.2734a.3034 25.71J4a25.75 25.72 40.27J4a40.29 18.88 018.89 18.88J4al8.90 025.76 25.7534a.76J4 25.09J4a25.il 25.10a25.11J4 40.27a40.28J4 022.31 25.75 22.2934a.3034 22.30 SUN DAY SUN DAY 22.30 .9134a.92 .9l34a.92 .9l34a.92 .9134a.92 Bankers' al8.93 18.88J4al8.92 18.89 al8.93 18.89J4al8.92 18.90 018.93 18.89J4al8.92 18.90 18.89 018.92 18.89J4al8.93 18.89 018.91 18.89J4al8.92 al8.92 18.89J4al8.91 18.90 SUN DAY SUN DAY .9134a.92 HOLI DAY SUN DAY 25.78J4a.79J4 .9134a.92 .9134 a.92 Spain Bankers' HOLI DAY HOLI DAY SUN DAY .91%a.91% .9l34a.91% .9l34o.91% .9l34a.9l% .9l34a.91% .91%a.91% Schilling 40.28 O40.30 025.82 25.79J4a25.83 25.14o25.1734 25.14J4a25.18 40.27J4a.29J4 040.32 40.30J4 a40.33 025.18 40.30 025.83 25.13J4a25.17 25.14 25.7834a25.82 25.79 40.29 O40.30 40.29J4a40.31 025.14 25.lla25.14J4 25.76 025.79 25.76J4 a. 7934 25.10 040.29 25.12 40.2734a.28J4 40.28 025.77 25.1034a.1134 25.11a 25.7534a.7634 25.76 025.13 25.12J4a.13J4 40.28a40.29J4 40.28J4a40.30 25.77 025.78 25.7734a.78J4 25.12 040.32 40.30J4a40.33 025.14 25.1334a.14J4 40.30 25.13 25.78 025.79 SUN DAY 5.2634 05.2634 al8.91 18.89J4ol8.92 40.32 O40.34 18.89 025.14 25.1334a25.15 40.31J4a40.33 025.79 25.7834a25.80 25.13 022.34 25.78 22.3234a22.33 22.33 al8.93 40.30 040.32 40.30J4a40.33 18.89J4a.1892 18.90 22.32 022.33 22.3234a22.34 25.7734a25.79 25.78a25.79J4 25.12J4a25.14 25.13a25.14J4 018.91 18.89J4al8.92 O40.30 18.89 40.28J4a.29J4 40.29 025.12 25.11J4a25.13 025.77 25.76J4a25.78 25.11 22.3034a22.32 22.31a22.3234 25.76 24... 31— Cables .9134a.92 SUN DAY SUN DAY Bankers' .9l34a.92 .9134a.92 .9134a.92 .9134a.92 SUN DAY 5.2634 a5.2634 5.2634a5.2634 5.263 4a5.2634 5.2634 a5.2634 5.2634 a5.2634 5.263405.2634 Reichsmarks 25.79 SUN DAY 23— 30— Checks al6.91 .91%a.91% .9l34a.91% .9134a.91% .9l34a.91% .9l34a.91% .9l34a.91% Vienna Bankers' Bankers' Cables 22.3334 a22.37 22.34a22.38 22.3234a22.36 22.33a22.37 22.3134 a22.33 22.32a22.3334 22.30 a22.31 22.30342.3134 22.3l34a.3234 22.32a22.33 22.3234a22.33 22.33022.3334 le— 18— 5.26a5.26% al6.90 .91%a.92 .9134a.92 .91340.92 .9134a.92 ,9134a.92 .91340.92 SUN DAY 5.2634 a5.2634 5.2634 a5.2634 5.2634a5.2634 5.26 34 a5.2634 5.2634 a5.2634 5.2634 a5.2634 Berlin Krone HOLI DAY 1— a55.93 16.92 Norway Krona Bankers' 3—. al6.92 SUN DAY al6.93 16.9234a.93 34 al6.89 . 5.2634a5.2634 5.2634a5.2634 5.2634a5.2634 5.2634 a5.2634 5.2634 a5.2634 5.2634a5.2634 SUN DAY 5.26o5.26% 5.26a5.26% 5.26a5.26% ■5.26o5.26% 5.26a5.26% 5.26a5.26% 16.9034 55.70 Sweden 5.26a5.2634 5.2605.2634 5.2605.2634 5.2605.2634 5.2605.2634 5.26a5.2634 SUN DAY 16.90 a.88% Krone Checks 16.90% 16.9034 34a.72 34 16.8734a.8834 16.88 55.69 Denmark Jan. 2— a55.74 55.72 a55.92 55.90 a23.19 23.1834a.1934 55.89 3.26%a3.27% i3.27%a3.28% 23.18 16.9034a.9l34 .91%a.91% .91%a.91% .9134a.91% .91%a.91% .9l34a.91% .9134a.91% SUN DAY SUN DAY SUN DAY 16.88 J4a55.74 16.8734a.8834 55.78 a55.79 16.8834a.8934 16.89 55.79 a55.82 16.8934a.9034 16.90 16.91 a.8334 55.82 34 a55.84 16.9034a.9134 a23.16 23.15%a.l634 55.82 SUN DAY 23.15 al6.91 5.26%a5.2634 5.26%a5.2634 5.2634a5.2634 5.2634a5.2634 5.2634a5.2634 5.2634a5.2634 5.26a5.26% 5.26a5.2634 5.26a5.2634 5.2605.2634 5.2605.2634 5.2605.2634 SUN DAY a.6834 16.90 055.73 55.7234a55.74 SUN DAY a.1134 55.72 a.1134 55.7134a55.73 3.31%a3.32% 3.32J4a3.33% 23.1034 a23.11 23.11 a55.72 a.09% 23.09 34a.lO% 55.69 3.21%a3.27% 3.23%a3.29% 23.09 a55.73 a.1034 23.09 34 a23.11 55.70 3.24%a3.25J4 3.2534^3.26% 23.09 23.12 a23.13 23.1234a.13% 55.7734a.7834 3.22%a3.24 3.21%a3.23 a.15% 55.7834 a55.81 3.24%a3.26J4 3.25%a3.27% 23.13 34a.14% 23.14 3.26J4a3.27% 3.2734^3.28 a55.68 a.9134 a55.72 16.9034al6.91 16.91 a.9134 16.9134«16.92 a.7334 16.91 al6.93 16.9l34al6.94 a55.72 55.7134a55.73 16.91 16.90 16.9034 a 55.72 55.7134a55.73 SUN DAY SUN DAY 23— a.68 34 a55.67 55.67 23.09 34a23.12 55.66 a3.36% 23.10 a3.34% 3.36 a23.11 23.1034a.ll% 55.71 3.2934 03.36J4 23.10 3.27 a3.34 a.1134 55.71 3.28J4a3.30 % 3.30J4a3.32% 23.1034a23.11 23.11 20— a.72 34 16.98 a23.16 55.68 34a55.72 55.69 a23.15 55.66 34 a55.68 55.67 23.15 a.9834 16.98 34a.98% a.9834 16.9834al6.99 16.95 a.9534 16.9534al6.96 al6.93 16.9034al6.94 16.90 al6.90 16.8934a.9034 16.89 16.9034a.9134 16.90%al6.92 55.7034a.72 34 16.98 a.0934 23.09 34 a23.10 55.66 34a.6734 55.67 a23.10 23.09 34a.l034 55.66 34 a55.70 55.67 a23.11 23.1034a.1134 55.7134a.72 34 55.72 23.09 17— a.7134 5.26a5.26% 5.26a5.2634 5.26a5.2634 5.26a5.2634 5.26a5.2634 5.26a5.2634 SUN DAY SUN DAY 23.1534 a23.16 55.70 a.64 34 55.6234a.65 34 23.08 a.0934 55.62 a.68 34 a23.10 23.09 34a.l034 55.66 34a55.67 55.67 SUN DAY SUN DAY a3.35% 23.09 «3.33% 3.34 16— 23.14 a.9634 16.9634al6.97 55.69 a.9634 16.9634al6.97 55.66 a.9634 16.9634a.96% a5 5.67 55.65 34 a55.68 16.96 55.65 al6.97 16.9634a.9734 C55.68 55.67 34a.68 34 16.96 55.67 a.9834 a.7134 16.9734al6.98 16.98 55.6934 a55.70 55.70 SUN DAY SUN DAY 9... 10- 23.1534a23.18 SUN DAY SUN DAY 16.9634a.97% 16.96%a.97% a55.76 55.69 34 a55.77 16.96 a55.69 55.66 34a.69 34 16.96 Cables Chckes HOLI DAY HOLI DAY SUN DAY 55.69 34 a55.77 Cables Checks HOLI DAY SUN DAY a 55.76 23.1434a23.18 55.69 Bankers' Bankers' Cables Checks HOLI DAY HOLI DAY SUN DAY 1—. 2—. Cables Checks Cables Checks Cables Bankers' Bankers' Bankers' Bankers' Checks 18.9034al8,92 6.13 6.14 SUN DAY 6.14 6.13 6.13 6.13 6.13 6.13 SUN DAY 6.13 18 As MONTHLY a of the great inflow of foreign consequence London market rates > of the were £1,029,064,626 against £847,751,866 money, exceptionally low after the turn £596,761,041 On numerous occasions in January as in sterling was quoted in New York at $5.00 and even higher. The highest quotation for cable transfers in 1937 occurred on Nov. 8, when sterling was quoted in New York at $5.03 1/16. ■ : This level industrial British aroused eral lines which side this on on in view of the concern external In = = Sev n- Day Grain © © © © © © ©©©©©© ui -<ji tjJ 0)0)0)0)0)0 0)0)0)0)0)0) ©©©©©© ©©©©©© ©©©©OO ©®®©oo o yji ^ i< i< Ifi Tjt' Tfi id 1»4 Tj4 -d Tt4* id id 1»4 Tj4 depression undergo soon trade also showed ill a xxixx? ©©00 00©© ©©oooooooo 00 00©®©© 00)0)0)0)0) SBQ signs 0)0)0)0)0)0) ©©©©©© id steady improvement, though far below the levels which ^^ rfl r£ T}5 rti T}4 ^J4* Tjl' ^4 OOOOOOffl®© ©©©©©© ^ © ^ Tfl' Til" id Tf' tJ4 • r might be expected were it not for various restriction in the form » of tariffs quotas, exchange and controls in <D ' «0 (0 to XXsZSX §> ZfxZZx C& CD 00 00 00 00 0)0)0^0 0)0) a many parts of the world. ©00 00 00 00 00 ® © ® © © © e retardation of trade, especially do¬ ^ ^ Q mestic, gave stimulus to the efforts of the British authori¬ 40 probability of a o « « yjf « c ^4 rli r(4 ill' OOBBBB a r* TJ4 ties to conclude In this and trade the public industrial insistent upon were interests who were also the of necessity more increasing than here intended to to refer reassure official and to British business that bank in veyed activity statements of as the end 1937. of at the highest levels ever recorded. of a and ©©©©©© ©©©©©© ©©©OO© ©©©©©© —-4 »d id ■*' "<ti ^ id id id ii xii~xi x «5 yfi «0 -V4 ui -d ^ ^4 Tf it © * " * X ©©OO©® © © o o © ® ©©©©©© ©©©OO© ic « ll © o© © © © © © ® © © © id C3 id id egeeja «'*3"2?!"2 «2S "X"Si's*2'd ©©©©00® ©©©©©© © © © ® ® © © © © © © «-4 ©©©©©© ® © © © © © © ^4* ^4* ^4* ^ ^ "j to O C3 »= 1 ic 2 C3 S © id -d -d id ii4 -d ui' 14 M4 14 ^4 ii ! ©5©©©© 1 ^4* uj xxx ixxxix © ©o© © © © © ® © © © ©©©©oo "■npd " i'vh 3 4—*4 t-\ o> —4 n H o 1^-4 ©©©©00© ©©©©©© ©©©©©© ©©©©©© ©©©©©© id id Tt*' ^ -d id lO "ii <4»i Iji Ijl' 14 14 14 1< 14 14 14* t i i i i i i i i i i i i i * i i i i i ■ i i i • i • i i i ■ i i i i i i • ■ • i i • i i i i i i it i i • i i i ■ • Jan. .-I ;-f4n mi ©©«»©©© o © © © © © prices and the armament program were blamed for piling up an 11-year record in the adverse visible balance. It was shown in January that total imports in 1937 aggregated = id id -ti "d ^ eegotsB rr\ Rising o O 2 8 8 O <3 ©©©©©© © © © © © © © © © © © © id id »d >d >d o a § o a o HOPOOO unfavorable balance for 1937, which appeared 4-4 *2 x«x 0000)00 ©oo©©© »d >d »d Tj4- foreign trade has improved progressively within years, although the increase in imports re¬ likely would be further increased during January. ^ ^ ©©©©©© ©©©©©© ©o©©oo an an <^4* -^4 ^4 ^4 oolsil At the end few sulted in © Tf4* ui con¬ 1929 record. last © ©©©©©© This expansion of more than 11% in advances to customers, which at £849,800,000 were only 3.2% below the British —1 <o 1937, deposits in the five largest London banks reached record of £2,030,100,000. This growth was accom¬ the J M ©5®©o© S new panied by « g Bank of England. ary were "tf\ W also indicated by the circulation figures of the Deposits in the British banks in Janu¬ was M 0X.**3 p = = 3^2 = = hiOQWrooOQOOOaaOWOOOOOOt-OOaDOOOOOOOOOOOOaoOOOOOO®©®^© ©©©©©© ©©©®©© (»©©©©® ©©©©©®^'© ■^4* ^ ^ Tjl -^4 -^4 TJ4- -<J4 Tf4 TJ4 Tf4 ^ Tf4 ^4 ^4 ^4 TJ4 Tf' Tj4* Tf4 IQ S trade would continue at high levels despite uncertainty political and trade complications in many countries. Evidence of the high level of British industry was H 00 00 00 00 00© T|4' ^ r|4 « e 2 2 3"f> 3 3 <^00©©©©<J©©©®©©^©©©©©©<<J©©®©©05<(© Q q ui id i< i< i< i< q i< i ^ i< i n ^q ^ ^ q io ! It is hardly other statements leaders ^ © *T|H©©©00©©pH05©00000000PH00 00©©®©jH000000©©©iHO export trade and the furtherance of foreign lending. necessary •4»4 4^4 rfi rp © ui t-00 00 00 00 00 ©©©©©© 4^ ^ Tj! .» 6 usually British 00 00 00 00 0)0)0)0 0)0) s » rJ4* TJ4 ^4 TJ4 ^4* eeBOBB u> 00 00 00 00 00 00 ©©©©©© O. ©©©©©© Tfj ^ Tf4 - 1< 11 1< 1< 1< 1< encouraged by banking O. 00 00 00 © © © T Sv 3 W4 3 V l"4 agreements with the United States. authorities . 3 3^*3 3 3 — BBBBBB © © ■' 1 «3 V> >4TSW\— OOOOOOOOOOOO ©©©©©© © The aver¬ 30) page was not general business might British setback. decided of that Exports were considering 1936. pointed out that wholesale prices (Continued trade levels, though there was 1936. in in aged 15.1% higher than in 1936 and compared with a rise reached in January. activity continued at high apparently some recession in sev¬ and ' against £501,373,738 the- figures, London year. December • REVIEW • i t * i * ■ i i • i ■ i i -4J4 i ® © © © 14 rH © o © 14* id id id id i i i i i i i i i « i i , ■ , i t • i • • i i i i i i i • i ii i , i i i i i i • ■ •• i i i i i i ■ i i i i i i i • i i i i t i i i i i • i i i i i i i i i i i i i i i i § i * • • i i i ■ i i i i i i i i i i i •Hcico'^ioot^oo©©—ic^eo-4j4ic©t-oo®©rHC4|oo-4j4io©r-oo©©»-4 i-n-4--(-HrHt-4--irHrH-HCS|(NC<lM<NC4P4CS|(NCIMOO DAILY RATES OF EXCHANGE ON OTHER CENTERS Czecho¬ Canada slovakia Roumania Polish Hungary (Serbia) Yugoslavia Bulgaria Finland Argentina Braail Dollar Koruna Lei Zloty Pengo Dinar Lev Markka Peso MUreis Checks Jan. Checks Checks Checks Checks Cables Checks Checks 1 Checks - Cables , Checks x Cables HOLIDAY 2— SUNDAY 3.61 a3.51% .73%a.75 .73%a.75 18.95al8.99 19.84al9.95 2.31%a2.36 18.96al9.00 19.84al9.95 2.3l%a2.36 .73%a.75 .73%a.75 •73%a.75 18.95al8.98 19.84al9.95 2.31%a2.36 18.98al9.02 19.84al9.95 2.31^02.36 1.27%al.30 »i»«a*m% discount >•*% discount a par 3.51%a3.51% 3.51%a3.61% 3.51%a3.51% 3.51 a3.51% 19.00al9.02 19.84al9.95 2.32 a2.36 1.25 al.26 2.21 .73%a.75 18.99al9.02 19.84al9.95 2.31%a2.36 1.25 al.27 2.21 10— Para >m% premium 3.51%a3.51% ,73%a.75 18.99al9.02 19.84al9.95 2.31%a2.36 1.25 al.26 2.21 11— >m% discount a par *18 a1ii% discount 3.51%a3.51% 3.51»i6o3.51H .73%a.75 18.96al9.02 19.83al9.95 2.31%a2.36 18.99al9.01 19.83al9.95 2.32%a2.36 1.25 al.26 2.21 1.25 al.26 >«4% discount discount 2.31%a2.35% 1.25 al.26 disc, 3— >»ja'm% discount ,6401«4% discount lnahn% discount lma>ii8% discount 4— 5—. 6— 7— 8— 3.51%a3.51% 9— a2.22 33.35a33.38 33.36a33.39 1.27%al.30 2.21 1.27%al.30 33.36a33.37 33.37a33.38 2.21%a2.22 2.20%a2.21% 33.31a33.34 33.32a33.35 al.26 1.25 2.20%a2.21% 33.32 33.33 a2.21% a2.21% 33.33 33.34 33.34 6.22a5.85 5.27a5.35 5.27a5.35 5.21a5.30 5.23a5.30 33.35 SUNDAY 12 13— 14— 3.51%a3.51% 3.50%a3.51% >14% a par 18.96al9.00 19.82al9.95 2.31%a2.36 1.25 al.26 33.35 33.36 a2.21% a2.21% 33.32a33.34 33.33a33.35 33.32 33.33 2.20%a2.21% 2.20%a2.21% 33.30a33.31 33.31a33.32 2.20%a2.21% 33.26a33.28 33.27a33.29 3.50%a3.51% >n a>84% 16— •74%a.75 .73%a.75 .73%a.75 •74%a.75 18.98al9.00 19.82al9.95 2.34%a2.36 1.25 al.26 2.20%a2.21% 3.51 .73%a.75 18.98al9.01 19.82al9.93 2.33%a2.35 18.98al9.01 19.82al9.95 2.33%a2.36 al.26 2.20%a2.21% 2.20%a2.21% 2.20%a2.21% 2.21 a2.21% 2.20%a2.21% 2.20%a2.21% 18.98al9.00 19.84al9.95 16— 33.29 33.30 NO NO QUOTA¬ QUOTA¬ TIONS TIONS SUNDAY 17— >64% discount a par >U8% disc, a >188% pr. >188% discount a par >64% discount a par >14% discount a par >44% discount a par 18— 19— 20—. 21... 22... 23 24— >64% discount a par >64% discount a par >m«% discount a par >188% discount a par Par a >64% premium *188% a >64% premium 25— 26— 27— 28 29— 3.51 a3.51% a3.51% 3.51 a3.51% 3.51 a3.51% a3.51% a3.51% 3.51 3.51 3.51 3.51 a3.51% a3.51% 3.50%a3.51 3.50%a3.51 .73%a.75 .73%a.75 .73%a.75 1.25 1.25 al.26 18.97al9.01 19.83al9.93 2.33%a2.35% 1.25 18.97al9.01 19.82al9.93 2.33%a2.35% 1.25 al.26 .73%a.75 18.97al9.01 19.82al9.95 2.33%a2.36 al.26 .73%a.75 18.96al9.01 19.82al9.95 2.33%a2.36 SUNDAY 1.25 al.26 .73%a.75 18.98al9.01 19.82al9.95 2.33%a2.35% 1.25 18.97al9.01 19.82al9.95 2.33%a2.35% 1.25 al.26 .73%a.75 .73%a.75 3.51%a3.51% .73%a.75 ' 33.32 33.33 33.32 33.33 33.32 33.33 •' . » al.26 *5.85 33.35a33.36 33.36a33.37 ♦5.85 al.26 18.97al9.01 19.82al9.93 2.33%a2.35% 1.25 18.97al9.01 19.82al9.93 2.33%a2.35% 1.25 30— 33.30 33.31 33.33 33.32 33.33 2.20%a2.2l% 33.31 33.32 2.20%a2.21% 2.20%a2.21% 33.31a33.32 33.32a33.33 33.34 33.35 2.20%a2.21% al.26 18.97al9.01 I9.82al9.91 2.33%a2.35% 1.25 18.97al9.01 19.82al9.91 2.33%a2.35% 1.25 .73%a.75 .73%a.75 3.61%a3.51% al.26 1.25 33.29 33.30 33.32 al.26 2.21 a2.22 al.26 2.21 a 2.21% al.26 2.21%a2.22 *5.85 *5.85 33.37 33.38 *5.85 33.42 33.43 *5.85 SUNDAY >64% a »i88% premium 3.51%a3.51% 31— .73%a.75 Ecua¬ Bolivia Vene¬ Bolivi¬ Colombia dor Uruguay ano Peso Sucre Peso Checks Jan. 18.98al9.01 19.83al9.93 2.33%a2.36 Checks Checks Checks 1.25 Shang¬ Yoko¬ Singa¬ Chile Checks Peru Portugal hai hama Manila pore Peso Sol Escudo Dollar YuanDollar Yen Peso Dollar Bombay Rupee Guilders Checks zuela Bolivar Hong Kong Checks Checks Checks Checks Checks Checks Checks Checks Checks 1 Java HOLI DAY 2 ^ SUN DAY 7.32 65.80a80.00 31.00 3 3.50 54.95 4 3.50 54.95 7.32 65.74a65.80 31.00 6 3.50 54.95 7.32 65:80 31.00 6 3.60 54.96 7.32 65.80 31.00 7 3.50 54.95 7.32 65.80 31.00 8 5.16a5.19 3.50 54.95 7.32 65.80 31.00 24% a 24% 24% 24% 5.16a5.19 24% 5.16a5.19 24% 5.16a5.19 24% 10 3.50 54.95 7.32 65.80 31.00 5.16a5.19 11 3.50 54.95 7.32 65.79a65.82 31.00 5.16a5.19 12 3.50 54.95a55.10 7.32 65.77a65.80 31.00 5.16a5.19 13 3.50 55.33 7.32 65.72a65.80 31.00 5.16a5.19 14 3.50 55.87 7.32 65.70a65.80 31.50 5.16a5.19 3.50 55.79a55.87 7.32 65.74a65.80 31.50 5.16a5.19 55.71 7.32 65.73a65.80 31.50 5.16a5.19 3.50 55.71a55.87 7.32 65.73a65.80 31.50 5.16a5.19 3.50 55.71 7.32 65.77a65.80 31.50 5.16a5.19 3.50 55.79 7.32 65.76a65.80 31.50 5.16a5.19 5.16a5.19 5.16a5.19 4.53a4.55% 4.53%a55% 4.52%a4.55 4.52%a4.55 4.52%a4.55 4.52%a4.55 4.52>^a4.55 4.52%a4.55 4.52^a4.55 4.52%a54% 4.52a4.53% 4.52%a53% 9 29.48a29»i6 29.l2a29.16 50% a50*i6 31.27a317i6 29.48a29»i6 29.12a29.13 59% a50»i6 29.48a29»i6 29.10a29.12 50% a50*i6 31.24a31^ 31.20a31^ 31.23a31Ji 31.21a31% 29.46a29"u 29.08a29.10 50% a50»j6 29.46a29»» 29.07a29.11 50% a50*i6 58.68a58.85 37.77a37.83 58.73a58.80 37.79a37.82 55.93 55.88 58.64a58.75 37.76a37.77 55.84 58.61a58.76 37.74a37.75 58.65a58.75 37.74a37.76 55.80 65.83 29.48a29»ie 29.09a29.11 50% a50*i6 58.64a58.75 37.75a37.78 55.85 29.48a29"ie 29.07a29.11 50% a50»i6 29.48a29»i6 29.06a29.10 50% a50»i6 29.48a291,i« 29.06a29.09 50% a50*i6 58.68a58.75 37.77a37.80 55.86 55.84 SUN DAY 15 24% 24% 24% 24% 24% 24% 31.23a31N 31.25a317i6 31.21a31^ 31.19a31K 31.19a31% 31.19a31% 58.64a58.75 37.75a37.77 58.61a58.75 37.72a37.76 55.82 29.46a29«»j 29.06a29.08 50% a50*i6 29.45a29«« 29.02a29.08 50% a50*i6 29.45a29"« 29.06a29.08 50% a50*i6 58.69a58.76 37.71a37.72 65.82 4.52%a53% 31.21a31^ 29.45a29»3J 29.03a29.05 50>i6 a50% 58.58a58.70 37.71a37.73 55.83 4.52 29.46a29»ie 29.04a29.06 50 >i6 a50% 29.46a29»i6 29.04a29.06 50>i6 a50% 58.60a58.70 37.73a37.74 58.63a58.75 37.74a37.76 55.87 29.480291*16 29.04a29.06 50>ie a50% 58.63a58.75 37.74a37.76 29.03a29.06 50>ie a50% 58.61a58.75 37.74a37.75 55.87 29.04a29.06 50 >16 a50% 58.61a58.75 37.74a37.75 55.89 29.03a29.06 50>i6 a50% 58.61a58.75 37.73a37.75 65.88 50>i6 58.61a58.75 37.72a37.75 29.02a29.06 50.00a50>i6 ^58.61a58.75 37.73a37.75 55.85 16 58.61a58.70 37.72a37.73 65 82 58.53a58.70 37.68a37.73 55.80 SUN DAY ! 3.50 17 18 19 31.22a31% — 20 - 24% 24% 24% 24% 24% a 24% 24% a 24% 21 3.50 55.79 7.32 65.76a65.80 31.50 5.16a5.19 22 3.50 55.71a55.79 7.32 65.76a65.80 31.50 5.16a5.19 24 3.50 55.71a55.79 7.32 65.76a65.80 31.50 5.16a5.19 a 25 3.50 55.67a55.79 7.32 65.74a65.80 31.50 5.16a5.19 a 26 3.50 55.66a55.75 7.32 65.75a65.80 31.50 5.16a5.19 a a4.54 31.21a31 4.52%a4.54 4.52%a4.55 4.52%a54% 4.53%a54% 23 31.22a31^ 31.25a31H 31.25a315^ 31.25031% 29.50a29% 29.50a29% 55.88 55.87 SUN DAY 55.66a55.75 7.32 65.80a65.83 27 3.50 28 3.50 55.70a55.79 7.32 65.80a65.85 31.50 29 3.50 55.70a55.79 7.32 65.80a65.88 31.50 3.50 55.71 7.32 65.80a65.98 31.00 24% 24% 24% 5.16a5.19 24% 5.16a5.19 24% 5.16a5.19 24% 31.00 a 24% 24% 24% 24% 24% 24% a 24% 4.53Ha4.55 31.27a31Tie a a 30 31 * Official 5.85a590. t Open market. 1 5.16a5.19 24% 4.53%a54% 4.52^ a54>^ 4.53a4.54% 4.52%a54% 4.52%a4.55 4.53 31.25a31% 31.22a31% 31.25a31% 31.25a31% 29.50a29% 29.50a29% 29.50a29% 29.02a29.06 29.56a29»w 29.03a29.06 50.00a50>i6 31.25a31»ii 29.57a29>*n 29.03a29.06 50.00a50>»6 a4.55 31.28a317i6 SUN DAY 55.89 58.68a58.75 37.76a37.78 55.94 58.61a58.75 37.77a37.80 65.94 29.57a29«« 29.03a29.06 50.00a50>u 58.65a58.75 37.79a37.82 65.96 29.57a29>»« 29.04a29.10 68.75a58.88 37.85a37.87 56.05 50.00 New York Stock Exchange X' MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING JANUARY 1938 Bond Sales Stock Sales 1937 1938 . . Jan. 1 to Deo. 31 .2,792,631,000 for the year. The tables on pages 1936 409,464,670 496,046,869 month's range unless they are the on ly transactions of theTmonth, and when sellin No account is taken of such sales intcomputlng the shown in a footnote in the month in which they occur. .... , 68,671,416 1937 Jan. 1 to Deo. 31... 3,676,874,000 NOTICE—Cash and deferred delivery sales are disregarded in the ange 1937 24,161,931 1936 1937 outside of the regular monthly range are 1938 Shares- January $342,687,000 $166,910,000 January.—---------- , , 19 to 40 furnish a complete record of the transactions on the New York Stock Exchange during They need no extended introduction, as they are self-explanatory. The tables the Exchange. We give bonds first, using the classification adopted in the official list. black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds January, 1938, and the range for 1937. embrace every The at are a security dealt in on price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which This method of quoting bonds became effective Jan. 2,1909. Quotations after decimal point repre¬ interest is in default. sent one or more 32ds of a point, SALES IN Dec. 1937 : PRICES IN JANUARY BONDS Jan. 3 N. T. STOCK EXCHANGE Jan. 1938 Bid S Jan. 31 Ask Bid RANGE FOR Lowest Ask Highest Sale Prices Sale Prices Sale Prices YEAR 1937 Lowest Highest Sale Prices u s GOVERNMENT BONDS 158.000 1.000 460.000 6.000 222.000 6.000 115.000 ,1,000 43,000 458,666 8,000 296,000 57*666 4,000 299,000 109",000 2,000 374,000 2,000 135.000 189.000 4.000 793.000 14,000 435.000 762~6O0 639.666 403",000 1,258,666 1,713,666 159,000 Treasury 4^1...—.Oct 15 1947-1952 Registered.............———' Treasury 39ie——Oct 15 1943-1945 Registered......—......—..... 1,000 387,000 Treasury 4s.......-.Dec IS 1944-1954 Registered.....———— 1,000 104,000 Treasury 3Hs—-...-Mar 15 1944-1956 Registered.....——....—123",665 Treasury 3Hs......June 15 1943-1947 Registered....................... 7,000 ...Sept 15 1951*1955 322,000 Treasury 3s Registered..................... June 15 1944-1948 679:066 Treasury 3s.. 824:666 Registered..................... June 15 1949-43 194:666 Treasury Registered............. 3,000 Mar 151941-1943 255,000 Treasury 3Hs Registered.. ......... ....— Treasury 3H> June 15 1944-1949 277,666 Registered.......—...........— Treasury 3H> Dec 15 1949-1952 Registered. ........... ..... Treasury 3^s—.........Aug 1 1941 240,000 Registered ... .................... . 822.666 . 1.000 Treasury 3)4*—-.—Apr 15 1944-1946 334,000 Registered........—.....——. 17,000 Treasury 2Ks Mar 15 1955-1969 1,757,000 Registered......... 3,000 Treasury 294s ...Sept 15 1945-1947 646,000 Registered.................... .Sept 15 1948-1951 756:666 Treasury 294s Registered......—....... Treasury 2 94s...... June 151951-1954 2,026:666 Registered....——......... Treasury 294*—Sept 15 1954-1959 645:660 Registered....................... Treasury 2 He——Dec 15 1949-1953 1,997:666 Registered......—..——.—.. 2,000 Treasury 2H*————-Dec 15 1945 735,000 Registered...—...—.#.—. A O 116.22 Sale 117,17 Sale 116.22 Jan. 3 11724 Jan. 18 107.4 107.21 Sale 107,2 Jan. 4 108.6 Jan. 19 108.1 Jan. 18 108.1 Jan. 18 104.16 112.2 Jan. 4 113.11 Jan. 20 109.12 112.17 Jan. 13 112.17 Jan. 13 18 109.18 107.12 ▲ O ▲ O J D J D J D M M 8 112*" 112". 11 112:28 side" D I 116:29 D J D J Jan. 5 111.22 Jan. Jan. 3 108.19 Jan. 18 104.28 Jan. 4 108.12 Jan. 18 106.14 Jan. 18 101 107.20 loiTl Sale" i64."l6 Side" 104 Jan. 4 104.28 losTo Sale" 105:20 side" 105.6 Jan. 4 ioeYl Jamil) 8 M 106.9 Sale 106.2 Sale 106 — 107"" Sale" D J 31 106.13 Jan. 19 104 20 106.3 Jan. 12 106.3 Jan. 12 105.10 Apr. Jan. 18 104.24 106.27 107.10 107 8 J Jan. 3 107.12 Jan. 100.8 105.22 Sale 105.20 Sale P A 107.4 F Sale 107.6 Sale Sale 107.21 Sale 103.26 Sale 102.1 j*D 166731 D J I Jan. Jan. 108 Feb. 8 1 108.24 Jan. 4 10821 Jan. 108.18 Jan. 2 8 Nov. 19 Jan. 3 107.22 Jan. 18 104.24 Apr. 2 10824 Apr. 27 106.8 Sept. 24 104 Jan. 107.28 Jan. 18 104.10 101.25 Jan. 102.23 Jan. 20 101.24 i04:i3 Sale" 18 106.30 Jan. 101.31 Jan. 12 103.25 Jan. 10429 Jan. 20 Jan. 107.31 Jan. 101.30 Jan. 10229 Jan. 20 Sale I0U6 Side" 166731 Jan. I6i:3~o" Jam *19 99 99.2 100.18 99.2 100.13 102:17 Saie 4/ 107.18 108.24 Nov. 16 105.14 101.7 Sale 100.26 Jan. 100 Sale 99.18 Jan. Apr. Apr. Apr. Apr. 4 101.20 100.8 Jan. 20 Jan. Jan. 20 Apr. Oct. 98 96.6 102.14 Jan. 103.20 Jan. 20 97.18 101.27 103.15 104.10 103.28 Jan. 28 104.30 Jan. 19 101.7 103:4 I'OYII 99.27 Jan. 10 1 109.25 8 109.1 2 104.30 10422 106.16 Apr. Apr. 28 10524 Apr. 2 104.16 Oct. 15 100.15 98.4 99.11 99.27 J 4 Mar. 17 104.23 102.10 Sale 100.30 Sale Jan. Jan. 102.24 Sale j*D "99:23 Sale" 107.30 107.27 3 102.20 99.16 MS 106.23 2 18 "l5 101.2 M*S Feb# 10 Jan. 9 Jan. 11 106.28 Jan. 107 102:8" Sale" 101.24 Sale MS Jan 109.6 Jan. 107.18 107.4 106.30 Sale 101.30 Sale 2 17 8 8 2 1 2 110.18 4 106.20 Jam 105.20 107.3 9 1 2 1 2 3 105.20 10628 A 8 8 2 Jan. 26 Jan. 6 Jan. 14 Jan. Jam"! 102.24 D A O Max. Jan. Jan. 10528 104.20 D M 1 108 105.19 166*13 Sale"* D 28 2 Jan. 105.20 166:28 Sale" J 4 Jan. Apr Apr Apr. Apr. Apr. J— J Jen. 8 115.20 6 114.8 2 114.9 2 113.21 Apr. 110.27 107.18 D M 2 121.14 2 120.15 2 109.26 Mar. 17 104.2 Sale" Sale D J Apr. Apr. 100.28 102.10 no 108.5 M S J Apr. Apr. Apr. Apr. Apr. Apr. Apr. July Apr. Apr. Apr. 107.15 107.18 Sale D M S 104.2 104.2 11579 8 J 113.16 113.12 Sale Jan. Jan. Jan. Feb 4 2 11 20 Mar. 1 . Jan. 2 Jan. 12 Jan. 11 July 6 2 103.17 Feb. 26 99.25 Nov. 12 Apr. 2 103.18 Sept. 24 100 Apr. 2 10122 Feb. 26 June 28 97.13 June 28 Deo. 15 102.21 Deo. 27 Apr. 8 106.10 Jan. 22 11 Aug. 16 Feb. 8 D Federal Farm Mortgage Corp— 17,000 209,000 92.660 592:660 53*655 278,666 Mar 15 1944-1944 M S 103.10 104 3>4 s IRegistered...—.—#.. —May 15 1944-1949 M N 3s.. 163:2*5 Sale" 10327 side i6§:i5 Jan: *27 164:12" Jam" 18 iooYf £STi iSsh'f Jan" "2 103.30 Sale 104.2 Sale 103.22 Registered—.—....1.—. 101 Jen 15 1942-1947 J 3s Registered... 294s - J Jan. 27104.26 Jan. 19 ............. 136,666 333,000 650,000 3s Series A—.—-May 11944*1952 MN 103.25 Sale 378",666 059:666 161725 side" 353",660 1.327,665 Registered.....————.. 294s Series B Aug 11939-1949 FA Registered........—.......... Ioi7l8 side" Mar 1 1942-1947 101.8 102.22 1,000 72,000 MS Side" ioSj's Jam "27103.17 103.30 Sale 103.19 Jan. 17 104.15 161.30 Sale" ioi:i2 " Jan: 4 1 52."i4 15176" 3 10227 Jan. 19 Jan, 19 99.6 Apr. 28 105.10 Apr. 8 10523 July Apr. Jan. Jan. 15 2 2 105.1 8 104.10 Jan. 1 105.3 Jan. 4 Jan. IS Feb. If 4 Home Owners Mtge Corp— 294* series G— July 1 1942-1944 J*"J Wll Sale" 99.24 101.23 "Jam "l9 98.28 100.9 Jam i02"4" Jam "15 98.16 Apr. June 26 10422 Apr. July Apr. 1 1032 6 100.9 Jan. 2 July 6 2 102.31 Jan. 4 FOREIGN GOVT. 5c MUNICIPALS Agricultural Mtge Bank (Colombia >— 23,000 23,000 39,000 77,000 60,000 74,000 107,000 53,000 14,000 24.000 26,000 419,000 602,000 268.000 8.000 18,000 40,000 30,000 35,000 19,000 41,000 1,000 2,000 ♦Gtd sink fund 6s............1947 F ♦Gtd sink fund 6s A .....1948 A O Akershus (Dept) extl 5s.—.....1943 MN •Antloaula (Dept of) Col 7s A...1945 J J f 7s ser B.......... 1945 J J ♦External s 6H 22 10194 6 8 * External s f 7s ser G..........1945 J J ♦External s f 7s se» D—...... .1945 J J ♦7s 1st series..........—1957 A O ♦7s 2d series—...............1957 A O 15,000 ♦7s 3d series———.—.....1957 46,000 Antwerp (City) extl loan Is......1958 Argentine Nation (Govt of)— 254,000 Sinking fund external 494s—.1971 633,000 S f external cony loan 4s Feb 1972 234.000 S f extl cony loan 4s...Aprl972 For footnotes aee page 30. J? 13 100 h A O J D MN F A A O 20 20 102 2554 - Sale 694 Sale 694 Sale 1694 Jan. 1754 Jan. 10094 Jan. 6 6 Jan. Jan. 5 1894 11 22 18 102 4 794 28 794 694 J&Q* 31 6 6 5 9854 694 — 9694 Bale 8894 Sale 8894 Sale 9951 100 91H Sale Jan. 4 694 Jan. 69| Jan. 554 Jan. 6 18 14 z99 4 Jan. 13 Jan. 26 Jan. 27 Jan. 10 Jan. 10 794 Jan. 10 794 Jan. 10 694 Jan. 18 6 V* Jan. 14 1794 Dec. 1894 Dec. 97 May 554 Dec. 554 Dec. 6 Oct. 554 Dec. 5 5 5 Dec. Dec. Dec. Nov.: Feb. 15 Feb. 15 Dec. 1 Jan. Jan. Jan. 16 5 Jan. an. 5 5 Jan. Jan. 5 5 Jan. 11 694 Jan. 18 9954 Jan. 11 31 9694 Jan. 3 8894 Nov. 26 10394 Sept. 31 8894 Jan. 8894 Jan. 3 3 80 80 829| Sale 9114 Jan. 82 Jan. 82 Sale 8154 Jan. 31 97 Nov. 26 Nov. 26 5 July 25 4 959* Sept. 1 94H Sept. 10 N. Y, STOCK 20 SALES IN Dec. 1937 $ 224.000 92.000 171,000 64,000 30,000 38,000 84,000 89,000 6,000 47,000 66,000 V 322,000 619,000 386,000 334,000 20,000 68,000 26,000 63,000 6,000 "V,000 10,000 460,000 134,000 82,000 44,000 30,000 2?7,000 86,000 187,000 19,000 7,000 31,000 65.000 19,000 12,000 9,000 EXCHANGE H. Y. UTOCK Foreign Government (CMltowl) 1925......July 151955 External loan 5a of 1927.......1957 Australia 5* of I92S...—..1956 7a.........—.1957 «tl6Ha—1945 Belftlum 25 year external *H®—1949 External e f 6a.......—.—--1955 External a 17a—.-.-—.—.——1955 External ft of Auatrlan Govt a f 'Bavaria (Free State) 1,000 1.000 436,000 74,000 64,000 46,000 26,000 203,000 90,000 103,000 166,000 100,000 228,000 6,000 18,000 26,000 36,000 32,000 229,000 426,000 246,000 289,000 121,000 67,000 198,000 127,000 129,000 161,000 173,000 95,000 6,000 6,000 150,000 122,000 12.000 3,000 140,000 163,000 7s....—.—.1967 'Stabilization loan 7)4® —1968 'Secured a f Canada (Dom) Gold "9,665 8,000 3,000 17",665 12,000 10,000 12,000 31,000 94.000 76,000 41,000 64,000 100% Sale J 103 F A 20% 22 106 % Sale 104% Sale M S J J J D M S 4a—.——1969 J D J Sale 21% Sale 19% Sale M S A J J MN A O MN 'Farm loan 6a series A........1938 ♦Chile Republic exta f ft 7a.....1942 MN A O 'External alnklnft fund ft 6a ..I960 F A 'External a f gold 6a—...Feb 1961 J J 'Ry ref extl a f ft 6a....—.Jan 1961 M S 'Extl a f 6a Int ctfa Sept 1961 M 8 ♦Extl sinking fund 6a—.——1962 MN 5,000 Cuba 7a.........1951 (Rep of) 5s of 1904 1944 Rica (Rep of) 1949 5a ext debt Ser A of 1914 27",666 . 22 Sale Sale 20 Sale 22%. 80 106 85 11,000 Dominican Republic a f 5 Ha 1942 1st ser 5 Ha of 1926 11,000 1940 2d aeries sinking fund 5 4a 14,000 1940 Customs Adm 5H» 2a aer. 70,000 1961 8,000 5Ha 1st series...........—.1969 12,000 5Ha 2d aeries..... 1969 'Dresden (City) extl a f 7s ..1945 El Salvador (Rep) 1st a f 8a A.—1948 'Certificates of deposit......... 15,000 15,000 Estonia (Republic) 7a..........1967 18,000 Finland (Rep of) external 6a....1945 .1953 6,000 'Frankfort (City of) a f 6 Ha 63,000 French Republic 7 Ha stamped..l941 7 Ha unstamped 1941 93,000 External a f 7a stamped....... 1949 64,000 7s unstamped......... 25,000 .1949 17 Jan. 11 108 Jan. 13 107% Jan. 115% Jan. 15 27 zlOl Jan. 15 19% Jan. 18% Jan. 18% Jan. 21% Jan. 21% Jan. 10 11 18 Mar. 17 18! Mar. 22 Jan. 11 20! Dec. 29 16 19% Jan. 10 Jan. 10 18 18 18 Nov. 13 Nov. 13 Nov. 13 100 Jan. 23 Jan. m Jan. Jan. Jan. Jan. Jan. 22% Jan. 19% Jan. 101 Jan. 101% Jan. 102% Jan. 23 JaA. 7 13 121 12 80% 106 23% 3 8 70 70 70% B* Sale Sale 64 Sale iiH 66% Sale 52% 31% Sale 31% Sale 33 33 Sale 108 H 112 % 100% 100% 99 H 95% 56 % Sale 109% Sale Sale Sale Sale 100H 100% Sale Sale 100% Sale 30 31 31% 26 26 26 96 60 34 U7/* 33 36 29 59 Sale 16% Sale 16 If 16 % Sale Sale Sale Sale 17% Sale Sale 78 H 79% Jan. 63 70% Jan. 70% Jan. 70% Jan. 72% Jan. 49 108% 112% 100% 100% 99% 40 20 21H D 8* M 8 AO J J A O 95% Jan. 13 F A D M N F A FA J J MN 17% M 8 A M 8 75 50 50 M S 50 50 50 8 38 30 J M S MN J D J D i D Jan. 19 Jan. Jan. Jan. Jan. Jan Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3 3 4 3 85 86% 59 59 37 20 24 Jan. 10 31% Jan. 31% Jan. 31% Jan 26 . 20 15 18% Jan. 25 18% Jan. 25 18% Jan. 18% Jan. 18% Jan. 18% Jan. 25 25 12 Oct. 12 12 Oct. Oct; 19 11% Oct. 19 12 Oct. 19 57 Jan. Jan. Jan. Jan. Jan. 25 24 Oct. 19 24) 10% Oct. 19 12 16 11 12 15% Jan. 25 7 16% Jan. 21 21 21 22 3 4 12 6 17 4 10 14 21 Jan. Jan. Jan. 14% Jan. 14% Jan. 22 22 3 24 7 103 96% Jan. 102% Jan. 83 V 12 * 4 25 25 25 Jan. Jan. 9% Oct. 5 Jan. Jan. 74% Jan. 104 Jan. 105 Jan. 106 Jan. 103 Jan. 101 Jan. 89 Jan. 19 24 24 26 8% Oct. 19 12% Dec. 28 12% Dec. 29 18 Dec. 28 61 60 64 60 60 60 60 62 55 62 58% Jan. 62 51 Jan. 8 27 13 10 10 24 20 17 17% Dec. 77 51 82 23% Jan. 99 Jan. 108 99% Jan. Feb. Feb. Feb. 30% Feb. 30% Feb. 38 31 36% Mar. 12 2 105% Nov. 23 Dec. 27 25 24 25 20 17 28 45 Jan. 12 63% Dec. 60% Jan. 18 59% Nov. 27 64 24 6 64 Jan. Jan. 62 Jan. 15 20 55 55 59 61% Jan. 22 Jan. Jan. 5 14 6 108% Jan. 24 15 15 11 11 11 19S 63% Jan. 31 19 30 20 100 18 July 12 26% Mar. 3 Jan. 29 104% Nov. June 21 102 Aug. Dec. 23 105 July Oct. 19 73% Dec. Jan. Dec. 23 105 Jan. Dec. 81 105 Aug. Apr. 9 107 Nov. 24 103 Aug. June May 1 101 26 16 Sale 12 31 101% Aug. 6 May 100% Aug. 10 Apr. 16 Apr. 12 90 Dec. 13 80 Apr. 16 Jan. 28 Dec. 30 99 Oct. July J28 27 29 18% Dec. 23 96 93 19 6 5 29 17 1 Mar. 9 Mar. 9 Mar. 11 Mar. 11 Mar. 8 Mar. 16 Mar. 9 Mar. 9 38 10 27 7 19 13 6 2 Mar. 4 Mar. 10 Mar. 3 Mar. 9 1 80 82 82 61 Dec. 24 Nov. 26 Nov. 24 »a as. Oct. 40 98 Dec. Jan. 19% Jan. 29 21% Jan. 10 17% Jan. 25 102 102% Jan. 3 108 97 Jan. 14 Sale 92% 99% Jan. 26 Jan. 12 107 Jan, 4 105% 106% 105 101 99% Jan. 24 100% Jan. 27 100 Sale 4 2 17 30 23 Feb. 18 Feb. 18 81% Mar. 11 26 1 Feb. 27 66% May 100% Dec. 6 1 109 June 28 25% Aug. 18 124% Jan. 22 105% Oct. "2l% 12 82% Mar. 1 8 Dec. 30 20 10 29 28 Dec. 29 19 60 4 23 73 24 33% Dec. 16 18% Mar. 29 Jan. 31 Jan. 7 100 105 Nov. 27 9% Oct. 19 ..... 94 19 19 19 18% Jan. 25 15% Jan. 24 4 17 Jan. 8 18% Jan. 99% Jan. 25 100% Jan. 4 97% Jan. 98% Jan. 80 80 Jan. 24 Jan. 53 Jan. 3 62% Jan. 82 90 Jan. Jan. 6 60% 25 34 % 99 99% 100 108 107 108 21% 18% 105% 102% Sale a99% 92% 98 105% 100 99% 99% 102 L09% Oct. 20 114% Jan. 97 Mar. 17 101% Jan. 96% Mar. 17 103% Jan. 98 Oct. 19 99% Aug. Dec. 91 Oct. 19 & July 45 Nov. 19 60 32% Oct. 26 54% July July 26% Jan. 4 40 4 40% Aug. 26% Jan. Mar. 28% Dec. 29 Oct. 35 63% Sale 65 64 96% Jan. 61% Jan. 104% Mar. 17 110% Jan. 12 24 MN J 100% Jan. 20, 3 20 50 A O A O 3 18 6 71 Jan. 20 72% Sale 71% Sale 103 104 Jan. 7 105 105 104 Jan. 11 104 106% 104 105 Jan. Sale 3 105 105% Sale 5 101 101 % 103% 103% 101% Jan. 3 99% Jan. 99% Sale 101% Sale A O AO 101% Jan. 3 103% 103% 98% 104% 20 20 19 4 11 95 M S 20 28 101% Jan. Jan. 102% Sale A O 3 109% Jan. 26 113% Jan. 17% Jan. 16% Jan. 103 % A O 34 Dec. 27 33% Nov. 6 12% Jan. 103 F 26 26 June 26 11 Jan; 17% Jan. 102% Jan. 88 26 Jan. Jan. Sale Nov. 63 3 27 22 22 24 Nov. 26 Nov. 23 93% Sept. 92 Aug. 84% June 85% June 86% June 8 13% Sale 13% Sale Sale 106% Sept.11 35% Jan. 29% Jan. 24 23% 20 100% Sale Sale 97% 97% 97% 98% 58 62 52% 54 75 82 53% Sale 83% 88 86 33% May 28 15 102% June 23 Apr. 26 Dec. 28 Nov. 17 Nov. 16 17 30 99 % 6 5 Jan. 5 Aug. 17 Jan. 6 65% June 30 36 13 Jan. Jan. 12 20 14% 47 21% Jan. 22 Sale 59% Jan. A 47% Feb. 16 48% Nov. 27 34 Sale 19% Jan. Sept. 23 8 "38% liH 67 June 11 3 6 3 11 . 63 64 Aug.. 7 Jan. Jan. 18 & 79 78) 5 1 June 23 34% Jan. 20 12% ..... MN J Jan. Jan. Jan. Jan. Jan. 11 7 10 7 7 Feb. Mar. 25 59 18% MN 53 Jan. 31% Jan. 32% Jan. V* 20 O Jan. 66% Jan. 67% Jan. 66% Jan. 16% Sale 16% 16% 17% Sale 16% 16% J7,* 17% Sale 16% Sale zl6% 14% 18 14% 16% Sale 14% Sale 14% Sale 11% 16% JanT "17 78% Jan. 79% Jan. 79 70% 69% Sale 69 % Sale 69% Sale M S D 21% Dec. 15 Aug. 12 Aug. 25% Aug. 21 25 Aug.19 47% 97% Nov. 27 103% 97% Nov. 29 103% 99% Nov. 29 105% 100 1 D A 99% Nov. 29 103% 98 Mar. 19 104% 18% Mar. 29 25% 105% Nov. 17 111 101% Nov. 17 110% 109% Dec. 7 118% 99 Jan. 6 103% % Jan. Jan. 20% Jan. 106% Jan. 107% 104% Jan. Sale 114% Jan. 1932 "Stamped extd to Sept 11935..... 101% Jan. 22 103 22 104 % 103 as n 1 J ..... 53,000 106 Sale 16% 17H 16% 17% 16% Sale 14 % 15% 15% 14% 14% 14% 12 10% 4Ha external loan—.........1949 30-year a f 5 Ha ......—1953 'Public Works 5Ha—.June 30 1945 28,000 1,030,000 8,000 Czechoslovak (Rep of) extl 8a 1951 5,000 Sink fd 8s ser B 1952 90,000 Denmark 29-yr external gold 6a .1942 External g 54s 1955 73,000 External g 4H® 198,000 ...........—1962 16 . 3 106 22 % ... 42,000 'Costa it4 1937 Richest Sale Prices I Sale Prices Sale Prices Jan. 27 8 104% Nov. 29 110% Jan. Jan. 27 104% Oct. 19 110 Jan. 11 Sale Prices 104% Jan, 114% Sale Sale 99 % 100H al02 23 H 18 20% Sale 20% YEAR Lowest J M S A O 134,000 'External alnklnft fund 6a.....1963 185,000 ♦Chile Mtge Bank of gu e f 6 Ha .1957 37,000 ♦Guar a f gold 6)4*————1961 65,000 'Guaranteed a f gold 6a.......1961 106,000 'Guaranteed alnklnft fund 6a..l962 85,000 ♦Chilean Munlc Loan 7a ......—1960 ♦Chinese Hukuang Ry 5a...—..1951 "s~,666 ♦Cologne (Germany) a f 6 Ha—.1950 Colombia (Republic of)-— 204,000 ♦6a of 1928.4 Oct 1961 132,000 ♦Extl a f g 6s .Jan 1961 5,000 'Colombia Mtge Bank 6Ha 1947 30,000 'Sinking fund 7a of 1926..—.1946 5,000 ♦Sinking fund 7a of 1927 1947 115,000 Copenhagen external 5a........1952 110,000 Gold 4Hs -1953 5,000 ♦Cordoba (City) 7a -1957 112,000 '7a atamped..................1957 52,000 Cordoba (Prov) Argen 7a-—1942 Ask Sale RiQlxes. 106 % 104% Jan. 100 Jan. Sale 16% 16% Sale 17 19 16% 15% 99 % Sale 99% 100% 101 % 99 % 99 % 100 % 101 99% 102 % Sale 102 % 101% 102 J 171,000 25-year 3%a——1961 J J 275,000 7-year 2)4a -1944 J J 401,000 30-year 3a— 1967 13,000 •Carlabad (City) a f 8a.—....—1954 J J M S 13,000 'Cent Aftric Bank (Ger) 7a—.—.1950 J J 13,000 'Farm Loan a f 6a .........-—I960 A O 19,000 'Farm loan a f 6a —...—.—.I960 16,000 160,000 246,000 89.000 181,000 72,000 44,000 Sale 105% 105% 101% 103% 19% 107% 106% 115% Sale 39-year gold 5a...———--1952 F A 10-year 2 Ha.... —Aug 15 1945 Deutsche Bank Am port ctfa 4a 17,000 10,000 M N J A O Extl readjust 4%e-4%®—......1976 MN Extl a f 4)4-4)6 8 bonds 1975 J J 3% external a f $ bonds.....—1984 Bulgaria (Kingdom of)— 106 RANGE FOR Lowest Jan. 31 Ask Bid 104% Sale 104 ♦6)4a stamped. ....——1961 M S Readjustment 4H-4H®——1977 F A Refunding a f 4)6-4 Ha———1976 • 166,000 J M S F ♦Stamped—.— Jan. 3 Bid J Bergen (Norway) extl 5a.........1960 A O 'Berlin (Germany) a f 'External alnklnft fund 6a.....1958 34,000 'Budapest (City of) 6a......—..1962 fBuenoa Airea (City) 6%® B 2...1955 'Buenos Alree(Prov)ref.ext'l a f 6a 1961 101,000 1,327,000 Sft, 30,000 239,000 'Braall (U S of) external 8a.....1941 393,000 ♦Ext a f ft 4 Ha of 1926..—.—1957 440,000 'Extl a f *%• of 1927...—.—1957 78,000 'Cent Ry 39-year ft 7a........1952 53,000 Brlabane (City) a f 5a.........-.1957 65,000 Stnkinft fund gold 5a .........1958 21,000 20-year a f 6a.................1950 14,000 74,000 46,000 14,000 4,000 14,000 33,000 PRICES IN JANUARY BONDS Jan. 1938 £3,000 47,000 406,000 223,000 9,000 31,000 13,000 169,000 106,000 3,000 37,000 38,000 EXCH4NGE—BONOS $131 Mar. Sept. Nov. July Sept. 119% Jan. 130 124 11 Jan. 25 Mar. 4 German Gov't International— '35-year 5H» atamped...... 1965 '5Ha unstamped...........1965 ♦5Ha stpd (Canadian holder)—1965 'German Republic 7s stamped..!949 A O 25% 21% 30% 31% 53,000 '7s unstamped.............1949 German Prov & Communal Bka— 24 27 13,000 7,000 10,000 '(Cons Agrlc Loan) 6%a aer A.1958 ♦Greek Govt secured 7a.......—1964 MN 2.000 13",066 67,000 49,000 38,000 16,000 7,000 12,000 13,000 71,000 49,000 13,000 2,000 10,000 '7a part paid 1964 •S f secured 6a...............1968 FA '6a part paid ....... ..1968 Haiti (Rep of) 6a series A—.——1952 AO 19,000 15,000 2,000 5,000 18,000 19,000 337,000 13,000 89,000 423,000 566,000 12,000 8,000 2,000 794,000 61,000 2,000 146,000 22,000 312,000 32,000 15,000 6,000 3,000 67,000 3,000 25,666 176", 666 "7",066 J ♦Hamburg (State) 6a...........1946 O A O 'Heidelberg (City) extl s f 7Ha—1950 J J A O HelsinftfOrs (City) ext 6Ha ..I960 Hungarian Cons Municipal Loan— ♦Secured a 'Secured a f g 7Hs....._. f g 7s .1945 J 'Hungary (King of )7Hs 1944 F A Irish Free State external 5a.....1960 F A 2,000 253,000 Italy (Kingdom) external a f 7s. 1951 J D 15,000 Italian Cred Consortium 7a aer B1947 M 8 61,000 Italian Public Utility a f ft 7s....1952 J J 571,000 Japanese Gov extl a f 6 %•—1954 FA Extl alnklnft fund 5Hs—.....1965 MN 647,000 4,000 'Jugoslavia (State Mtge Bk) 7s.. 1957 ----- 19 —— 105 A O a f g 7S.1947 F A Lower Austria (Prov) 7H a.——.1950 J D •Medellin (Colombia) 6 Ha 1954 J D \l* 18 57% 113 80 75 62 77 64% 42% 69,000 13,000 1,000 9,000 28.000 5,000 ♦Mexican Irrift Assenting a f 4 Ha 1943 MN ♦Mexlco(U S) external 5s of 189981945 Q 'Assenting 5s of 1899.........1945 'Assenting 5s large............. 'Assenting 5a small............. For footnotes, see page 30. J ... Sale 33 20 27 29 28 27 31% 37% 75 22 19 20 Sale 26 — 19 23 19 4 27% Jan. 5 24 Jan. 28 27 19 104% }§^ 18 18 18 57 ...... 36 6 23 19 30% Aug. 25 Jan. 25 29 Jan. 13 30 Jan. Jan. 14 30% Jan. 12 23% Jan. 21 29% Oct. 22 8 29% Dec. 19 29 27 Jan. 21 25 Jan. 21 24 85 Jan. 6 20 Jan. 5 12 25 87 z28 19 25% Jan. 75 Jan. Jan. 4 18 5 11 19 18% Jan. 18 25 18 Jan. Jan. Jan. 18% Jan. Jan. 28 11 25 4 8 11 17 21 58% Jan. 28 4 114% Jan. 82 Jan. 19 80% Jan. 21 65% Jan. 12 81 Sale 72 Jan. 4 49% Jan. 112 64% Jan. 4 42% Jan. 42% Jan. 21 5 2% Jan. 21 21 5 3 3% "4% 26 22 30 42 3 Aug. 19 Aug. 5 32% Nov. 5 July 31 it* Oct. 21 Aug. 4 Mar. 23 17% Oct. 26 18 Dec. 20 1 Mar. 18 65% Oct. 11 65 Oct. 13 57 Nov. 26 67% Oct. 11 52% Oct. 11 47% Feb. Ill 29% Jan. 19% Apr. Mar. 5% Nov. 2% Oct. 5% June 95 6% Jan. 2% Jan. 3% Jan. 3% Jan. Dec. 24 8 17% Nov. 18 19 Sale 3% Nov. Nov. Dec. Mar. 34 2 8 20% June 28 15% Jan. 17% Jan. 25 17% Jan. 25 Mar. 10 4 104 Oct. 20 107 104% Jan. 12 105; Jan. 56 6 17 Oct. 7 June 21 19 Jan. 19 104% 7% 25% June 26% Oct. 27 20 Sale o42% Sale 31% May 24 28% Aug. 2 33% Jan. 26 5 72 2% 2% 6 20 Sale 18 5 18% Jan. Jan. 30% Jan. Sale ..... 20% Jan. z26 19% 57 Jan. 59% 114% Jan. 114% Sale" 79% Sale" 77% Jan. 75 80 3W 65% Jan. 67 62% Jan. 63% Sale 59 104% 6 7% 2% 3% 2% 2% Sale a26% Sale ..... ..— 25% Jan. 22% Jan. 21% Dec. 13 29 28 Sale ... 22 'Leipzig (C|ty) external Sale 24 30% 29% 29 26 22 27 20 —30 17% 1946 J 'Hungarian Land M.ge 7%® A..1961 MN MN •S f 7H® series B 1961 25% 23 20 5 4 25 21 7% Jan. 2% Jan. 3% ~ 3J 3 3 4 4 10 30% Mar. 30% Mar. 30% Mar. 27% Mar. 62% June 115% June Feb. 94 Feb. 82% Feb. 100% June 89% June 1 4 15 23 8 9 43% Dec. 30 26 July 8 19 100% Aug. 24 17 Jan. 15 8% Jan. 8 Feb. 7 Oct. 18 Dec. 21 6 Dec. 22 22 22 23 25 Jan. \wm11 Jan. 2 I! 6 6 6 SALES IN Dec. 1937 PRICES BONDS 9,000 83,000 14,000 2,000 ♦ ♦ D 1933 J 1 ♦♦Small Milan City (Italy) ext loan 6%«—1952 A Vlinas Geraes (State of, Brazil)— J ♦Sec extl a f 6%s 1958 M S 62,000 ♦Sec extl a f 6%s 1959 M S 25,000 ♦Montevideo (City) 7a 1952 J <D 32,000 ♦6a aeriea A ___1959 MN 4,000 1957 F A 36,000 New South Walea ext a f g 5a External s f g 5a....... 1958 A O 66,000 36.000 Norway 20-year ext a f 6a.Aug 15 1943 F A 20-year external a f 6a. Aug 15 1944 F A 54,000 Extl alnklng fund 4Ka...... 1956 M 8 73,000 External alnk fund 4%s...„ 1965 A O 121,000 48 a f extl loan 1963 186,000 Municipal Bank ext a f 5s 1970 "3",606 ♦Nuremberg (City) external 6a 1952 1953 M 8 219,000 Oriental Development 6a.... External deb 5 Ha 1958 MN 103,000 35,000 Oalo (City) 4^i extl alnk fund..1955 A O . 3,000 2,000 43,000 69,000 15,000 394,000 201,000 94,000 36,000 128,000 47,000 12,000 26,000 8,000 27,000 38,000 23,00C 3,000 Panama 1953 (Rep) external 5 %s X D May 15 1963 M N ♦Stamped (aasented). 1933 MN ♦Extl a f 5a sev ♦Pernambuco (State of) 7a....-.1947 M ♦Peru (Rep) Sec a f g 7a.. .... ♦National loan ext a f 6a ♦Poland (Rep of) g 6a ♦8tablllx loan 7a of f 8a a 1959 8 M S 1960 J 1961 A ♦National loan ext a f 6a ♦External 27,000 1% 5% 64 % Sale 9% 9% Sale Highest Sale Prices Ask Sale Prices Sale Prices Sale Prices 9 1940 A *27. Oct 15 1947 A 1950 1 (City of) 8a.......1961 J 7%s 196b J ♦Porto Alegre D ♦Extl loan J Prague (Greater City) 7%s 1952 MN ♦Pruaala (Free State) ext a#4%—1951 M S ♦S f gold 6a.. 1952 A O Queenaland (State of) ext a f 7a.. 1941 A O 25-year extl a f 6a.. Feb 15 1947 F A ♦Rhlne-Maln-Danube deb7a aer A1950 M S ♦Rio de Janeiro (City of) ♦Roumanla (Kingdom of) 7a.....1959 F 1953 f ♦Saarbruecken (City) a f 6a 2% Jan. *2%- "6" 3% Jan. 2% Jan. 3% Jan. 63% Jan. 3 3% 3% 2% 3% 27 8 21 18 66% Sale 9 67 21 8 21 18 2 Oct. 20 9% Jan. 2% 1% 3% 2% 20 59 19 19 28 19 26 Jan. 29 10* Jan. 9% Jan. Sale 28 7 61 9 9% Dec. 30 11 4 10 55 Jan. 20 56 101 Jan. 25 100 Jan. 28 6 %* 60 Jan. 60 55 58% 57% Jan. 20 57% 4 102% Jan. 101% 102% 103% 101 3 102% 101% Sale 102% 103 100% Jan. Sale 3 107 105% Sale 105% Jan. 106 % Sale 106% Sale zl06%Jan. 12 107% 7 106% 105 Sale 104 % Sale 104% Jan. 102 % 103 103% Sale 102% Jan. 17 103% 3 103% 102 % Sale 102% Sale 102% Jan. 102 % 104 % 102% 104% 19 20 v 60 Sale 55% Sale 101 W* 50 103% 102 101% 105 40% "35% _40" 9 11% 9% 9% 65% 80 % 59 % 10 9% 95% 20% 20% 10 % 15 H Sale Sale Sale Sale Sale 11 10% 98% 21 Sale Sale 55% 20 51 Jan. Jan. 53 47% Jan. Jan. 102% 102 8% 11 9% 9% 64 8% 8% 19% 12 15 10% 8% Jan. 21 Jan. 8 20% Jan. 12 60 Jan. 12 55% Jan. 7 102% Jan. 6 3 31 25 104% Jan. 4 8% Jan. 31 11 Jan. 31 9% 9% 63% 78% 58% Jan. Jan. Jan. Jan. Jan. 29 Sale Sale 11 10% 20% 21 10% Jan. 9 Jan. 96 19 19 Jan. Jan. Jan. Sale 108% 109% 107% Jan. 108% 109% 106% Jan. 107% 112 22 25 Jan. 24 36% 36% Sale Sale 24 Sale Sale 108 10% 9% Jan. Sale Sale 96% Sale 19% 28 27 78% Sale 59 19 Jan. 12% Sale 68% Sale 11% 12% 8% Sale 8% 9% 8% Sale 71% Sale A 33 40 29% 30% J 20% 30 17 10% Jan. 8% Jan. 42% Jan. 39% Jan. of)— f..........—1952 MN ♦6H« extl secured a f..__ —1957 M N San Paulo (State of)— J ♦♦8a extl loan of 1921..........1936 J Sale 10% 9% 10% 17 13 6 Feb. 3 34 Jan. Feb. 25 20 33 76 Jan. 68% Oct. 8 27 20* 8 108% Sept. 109.™ 5 Jan. 106% Aug. 31 104% Sept. 2 102% Dec. 15 Nov. 10 12 July 85 9 June 40 Nov. 27 107 Dec. 29 85 Apr. Jan. 4 36 Dec. 31 Jan. 7 30% Feb. 27 82 Dec. 27 64 Feb. 103 10 7 10 8 8 19 11 10 28 26 26 23 22 22 Feb. Feb. Feb. 15 15 15 67% Dec. 28 13 33% Mar. 11 Feb. 23 9% Dec. 29 31 Mar. 2 92 Jan. 16 100 25% 17% Jan. 11 25% Aug. 19 16% Jan. 7 25% Aug. 19 Jan. Jan. 26 21 21% Jan. 14 13 108% Jan. 8 109% Jan. 21 104% Oct. 8 76 Dec. 29 27 14 7 113% Jan. 19 106 7 25 Jan. 7 20 15 32% July 1 26 12 Jan. 7 31 10% Jan. 7 10% Dec. 24 8% Dec. 30 34% Jan. 33 Feb. 23 26 40 Jan. 33 Jan. 2Q 21 7 Jan. 18 Jan. 15 Jan. 28 Jan. 28 3 68% Jan. 12% 10% 10% 10% Jan. Jan. Jan. Jan. 11 73 Jan. 30 38 Jan. 10% 8% 8% 8% Nov. 24 113 Oct. 11 11% 9% 9% 9% Dec. 2 Dec. 29 Dec. 29 Dec. 29 19 60 Oct. 8 20 28 8 Jan. 20 32% Jan. 21 83% Feb. 3 32% 'an. 25% Jan. 2 43 Nov. 20% Oct. Jan. 9 Sept. 47% Oct. 4,19 79% June 11 97% Apr. 15 103% Sept. 9 11% Jan. 10% Jan. 98 Jan. Mar. 10 20 7 13 82 Mar. 18 52% Oct. 45% May 11 9% 11% 11% 11% 67% 7 7 8 9 27 29% 9% 9% 104% Mar. 16 Sept.20 Apr. 5 Apr. 5 Apr. 22 105% 101% 99% 95% 102% 6 62 29 14 13% Jan. Nov. 26 105% Jan. Jan. Nov. 29 105 6 28 7 28 Jan. 28 29 4 29 Dec. 8% Dec. 29 Nov. 13 9% Dec. 28 9% Dec. 28 47 Mar. 11 60 Mar. 2 Jan. Jan. Jan. Jan. Jan. 82% Jan. 31 5 17 100 Dec. Dec. 4* Jan. 103% 103% Jan. 42% Jan. 35% Jan. 36% Sale 21 8 9% Jan. Jan. Oct. Oct. Dec. Oct. Nov. Jan. 10H 64% _60" Jan. Jan. Jan. Jan. Jan. Jan. 55 A 8a.....l946 A O ♦Extl sec 6% a 1953 F A Rio Grande do Sul (State of)— ♦8a extl loan of 1921........—1946 A O 24,000 ♦6a extl a f g ...........1968 J D 124,000 ♦7a extl loan of 1926 1966 MN 45,000 ♦7a Municipal loan..........-.1967 J D 21,000 A O 332,000 Room (City) external a f 6%s.....1952 30,000 349,000 Lowest J O 1937 Highest 3% 2% Assenting 4a of 1910 smalli ♦♦Treat 4a of *13 aaaent (large) YEAR Lowest Jan. 31 D Amentlng 4a of 1904.........1954 J Assenting 4a of 1910 larfa....... ♦ 1954 J 3 Ask Bid Bid FOREIGN GOV'T (CoaeluM) Mexico {Continued) *U of 1904 RANGE FOR IN JANUARY 5% June 28 Jan. N. 7. STOCK EXCHANGE Jan. 1938 126', 665 21 N. Y. STOCK EXCHANGE-BONDS FEB., 1938] 27 27 Feb. 8 15 Sao Paulo (City 17.000 94,000 8,000 55,000 24,000 102,000 176,000 ♦8a extl secured a 169,000 315,000 76,000 26,000 152,000 7,000 236,000 4,000 35,000 146,000 13,000 124,000 17,000 100,000 276,000 9% 10% Sale 1945 J D 19 J D 19 (Kingdom) extl..............1962 M N extl........ 1962 M N 30 ♦7a extl Water loan...... 1940 Sec alg 7a. Decl946 ♦SFgtHs A 8% 12 8% Sale ..... 4 19% 10% Sale 9% Sale 9% 10% 36% 43 10% Jan. 8% Jan. 12 31 7 13% Jan. 10% Jan. 31 9% Jan. 29 14 9% Jan 35% Jan. 17 7 17 . 24 Jan. 10 Sale 31 Jan. 5 Sale 31% Jan. 5 Sale 56% Jan. 27 10 Dec. 29 35% Mar. 2 34% Jan. 21 11% Jan. 10% Jan. 11 Jan. 29 13% Dec. 30 44 Jan. 28 13% Jan.' 10 12% Dec. 29 11 Die. 1 43% Jan. 10 14 17 O 10% 19 11% 13 11% 13 11% Sale 47% 48% external....—...........1950 J J ..1956 M S J ♦6a extl Dollar loan...........1968 J ♦8a ♦Saxon State Mtge Inat 7a... 1,000 10 Jan. 7 11% Jan. 47% Jan. 4 13 9% Dec. 29 4 Nov. 27 45% Dec. 1 Jan. 10 19% Mar. 23 22 Jan. 28 33% Jan. 33% Jan. 60% Jan. 11 25 11 24 24 10 35% Feb. 10 34% Jan 25 18 98 Jan. 25 June 20 Feb. 27 25 Serbs Croats Ac Slovenes ♦8s secured ♦7a aer B sec ♦Silesia (Prov) extl sink fund 7a. 1958 J ♦Sllealan Landowners Aaan 6s...1947 F UStyrla (Province of) 7a.........1946 F 1955 1971 Tokyo City loan of 1912 5a......1952 External a f 5%a guar........1961 Trondhjem (City) 1st ext g 5%a..l957 ♦Uruguay (Rep) external a f 8a—1946 Sydney (City) a f g ®%a Taiwan Elec Pow S%s ♦Ext s L) A A F A J J M S A O MN F A 1960 M N 1964 M N f 6a ♦Exter a f 6a 3%-4-4%% extl readj 1979 MN 3%s External readjustment 1984 J J Venetian Prov Mtg Bank 7s.....1952 A O Vienna (City of) 6s.............1952 MN ♦Warsaw (City) external 7a 1958 F A Yokohama (City) extl a f 6a 1961 I D 32% 54 27% 33 Sale 58% 31% 31% 32% §1* 28 1)0 95 103% 104% 104% 104% 103% Sale Sale 51 57 48% 41 45 51% "53" Sale 48% 59% Sale 103 * 103% 101% 103 50% 50% Sale 53% Sale 50 49% 49% 18 7 104% Jan. 57 Jan. Jan. Jan. 11 Jan. 25 45 11 60% Jan. Jan. Jan. 4 103 Jan. 4 3 31 3 Jan. 4 54% Jan. 19 54 10 Oct. Jan. 40% Mar. 28 Sept. 90% Jan. 101 % Mar. 49 Oct. 49% Oct. 50 Oct. 99% Mar. 48% Nov. 46% Nov. Jan. 31 48 Sale 48 Jan. 31 53% 49 Sale 49 Jan. 31 53% Jan. 8 47 Nov. 55 47% Sale 47% Jan. 31 53 Jan. 8 47 Nov. 95% Jan. 08/^ Jan. 53% Jan. 25 100 Jan. 13 28 62 Jan. 6 11 61% Jan. 5 3 62% Jan. 11 49 95 Jan. 26 90 94% Jan. 14 89% Dec. 93% Oct. 76 Aug. 109 Dec. 101 Nov. 51 Nov. 57 Nov. 96% Dec. 68% Dec. 59 Nov. 37 Dec. Sale Jan. 33 Dec. 21 33 Dec. 60 Dec. 27 21 39% Mar. 11 7 98% Aug. 106 June 21 78% June 10 2 73% June 8 80% June 103 Mar. 0 72 Juiy 28 70% June 11 70% June 11 52% Nov. 16 46 65 95 79% 98% 57 60 80 99% 100 58% Sale 60% Sale 54% Sale 54 Sale 94 95 78 June 1 83% Apr. 14 88 Oct. 15 100% Sept. 7 Dec. 27 39% Mar. 13 62 51% Oct. 11 86% June 17 RAILROAD AND INDUSTRIAL COMPANIES. 103,000 23,000 10,000 37,000 3,000 10,000 48,000 1,058,000 1,000 218,000 29,000 225,000 90,000 18* ... 4 H* debentures ..........1951 4s......1952 O A J D 5a........—1953 71 53% Jan. 93% Jan. 90 Jan. 11 Sale 99 Jan. 20 101 Jan. 13 77 77 Jan. 12 77 Jan. 12 99% Jan. 31 103% Jan. 6 26 97 166" Sale 47 57 67 40 67 57 60 86 90 Jan. Jan. Jan. Jan. 793",666 494,000 31,000 81,000 442,000 26 A 88 90 94% 82" Sale 84 80% 103% Sale 103% Sale 3H« debentures..............1961 J 3%s debentures ......1966 J 29 106% Sale 50 Sale 95 Sale 95 Sale 104 103 Sale 92 Sale 95 92 Jan. 112% Sale 113 Sale 101% 101% Sale Sale 101 Sale 103 109 Sale 106 96 95 101 103 56% Sale 103% 99 30. 40 105% Jan. "26 109 6 90 Jan. 92% 87 82 Jan. 29 102% Jan. 29 105% Jan. Jan. Jan. -Jan. 98 3 64 83% Sale a 100 46 Jan. 5 "7 Jan. 15 Jan. 14 Jan. 6 100 Jan. 5 28 58 Jan. 12 31 99 5 a D J Dec. Nov. 24% Nov. 80 Dec. 107% Mar. 91 Dec. 82% Dec. Oct. 96 92 Sale Sale 103% Sale 25 38 93 31 44% 99 6 Jan. 6 105% Jan. 11 105% Sept. 1 0 99% Feb. 115 Mar. 110 70 Jan. Feb. 5 23 0 74 Jan. 25 107 Jan. 101 Feb. 11 2 96 Jan. 2 93 72 Feb. 11 July 0 100 Jan. 22 Jan. 25 Jan. 27 Feb. 0 105 Oct. 4 Sept. 3 102 112 101 Jan. 18 Aug. 11 Jan. 22 27 104% Jan. 28 98% Jan. 4 22 112% Jan. 3 113% Jan. 20 100% Jan. 100% Jan. 28 101% Jan. 28 101% Jan. 17 3 Apr. Apr. Jan. 10 Oct. 200 96% Jan. 10 Oct. 110% Jan 23 13 99% Oct. 107 11 111% Feb. " Dec. 100% Sale 109% Apr. 106 93% Jan. 8 102% 51% Dec. 28 87 % 87 Jan. 2 100 99 Oct. 19 109% 86% Oct. 19 106% J f. debs 2H-5a. 1950 MN 94 Amer Water Wlcs Ac Elec 6a aer A. 1975 A O 104% Sale Anaconda Cop Mln a f deb4H* ..1950 AngloChilean Nitrate— 31 28% ♦Sinking fund Income deb 1967 Jan 643,000 35 42 July 1995 Q J /■:' 7,000 tAnn Arbor lat g 4s... M 8 93 Ark At Memo Bdge At Term 1st 5a. 1964 F A 86% 88 Armour Ac Co 4a a f aer B (Del)-—1955 424",000 J J 86% Sale lat M a f 4a aer C (Del)....——1957 237,000 For footnotes, see page 11 Jan. 45 F A O ♦Am Type Found a. 29 Sale 108" MN Jan. 35% Jan. 30% 8 10-year sinking fund 5 Ha 1943 J 5Convertible debentures 4%e.l939 14 28 Amer Tel Ac Tel— 346,000 67% Jan. 59% Jan. 37% Jan. O J 12 Sale A 8 18 Jan. Sale M D Jan. 76 65 Sale M N 90 59% Sale J 18 31 Sale 30 Chemical 5Ha——.1949 J Amer Internet Corp conv IHa—1949 5 Jan. Jan. Sale 37% 4 54 57 70% 60% (1 S 47 65 O M S 7 112% 57 A M American IG 112% 103% A Alpine Montan Steel 7a......... 1955 M Amer Ac Foreign Power deb 5s...2030 American Ice a f deb 92 92% 57 A F Alleg Valley gen gu 4a..........1942 A O Allied Stores Corp deb 4%a 1950 Allla-Chalmera Mfg conv 93% 82 195J 1943 .1943 49",606 9,000 Albany Perfrated Wrap Paper 6a. 1948 6a with warrants assented....1948 1,000 2,000 Albany Ac Susq 1st guar 3 Ha. —1946 159,000 Allegheny Corp coll tr conv la..1944 Collateral and convertible 5s ..1949 152,000 ♦Collateral Ac convertible 5a—1950 2,000 ♦5s stamped ....... 1950 452,000 Allegh Ac West 1st g gu 4a 1998 First cons 4a series B Sale 93% 98% 103% 100% 90 4stamped.........—.....1946 Adriatic Elec Co external 7a AlaGt Sou IstconaAs aer A...... 60",655 53% 90% ♦^♦Abltlbl Pow Ac Paper 1st 5a...l953 Adama Express coll tr g 4a......1948 Collateral trust 4s of 1907 1947 105 92 Jan. Jan. 102% Jan. 5 107 31 26 105 Jan. 29 Jan. 17 31 Jan. 5 39 Jan. 21 40 Jan. 11 95 Jan. 10 94% Jan. 10 90% Sale 88 Jan. "4 89 Sale 86% Jan. 3 23 Oct. 30% Dec. 93 Dec. 75% Nov. 80 Nov. 3 114 27 113 Mar. Jan. Mar. Jan. 8 102% Jan. 102% Jan. Feb. Jan 1 29 3 7 4 4 3 19 42% Mar. 11 Mar. 1 29 74 Jan. 27 22 105 24 100% Jan. 29 24 99% Mar. 5 22 N. Y. STOCK SALES IN Dec. 1937 !*' BONDS N. Y. STOCK EXCHANGE Jan. 1938 EXCHANGE-BONUS il PRICES IN JANUARY Jan. 3 Bid Topeka & Santa Fe— Gen g 4s -—1995 A O Adjustmentg4a———.July 1 1995 Nov Stamped 4s.......... July 1 1995 MN Ask Bid Ask RANGE FOR YEAR 1937 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Jan. 31 Atchlnaon 668,000 31,000 204.000 899.000 6,000 297,000 3,000 28,000 6,000 511,000 18,000 25,000 218.000 26.656 2,000 301,000 17,000 41,000 25,000 107 Con* g 4s of 1909. .............1955 Con* g 4s of 1905.............1955 Con? g 4s of 1910 1960 100 Cons deb gold 434*——1948 Rocky Mt dlT 1st 4s A. 1965 Trans-Cont Short Line 1st 4s gl958 Cal-Arlz 1st 9c ref 434s set A ...1962 M 8 AtlKnox Ac No 1st g5s. .-.-...-1946 J D "fi"656 Atl 9c Char Air Line 1st 4He A..1944 J J 1st 30-year 5s ser B. 13,000 1944 J J 249.000 Atl Coast L 1st cohs 4s.....July 1952 M S General unified 4H* series A..1964 J D 85,000 55,000 10-yr coll tr 5s ....May 1 1945 M N LAN collat gold 4s 158,000 Oct.. 1952 MN 69,000 Atlantic 9c Danville 1st g 4s .....1948 J J Second 4s.......... 1,000 ......1948 41,000 Atl Gulf 9c WISS Line coll tr 5s.l95* 11.000 {♦Auburn Auto'blle conv deb 4H* *39 Austin 9c NW 1st g 6s guar 1941 - "3", 555 5,000 131,000 186,000 45,000 251,000 49,000 24,000 ..... 37,000 67,000 16,000 622.000 975,000 644.000 n8,000 9.000 619.000 54.000 697,000 1,985,000 924.000 15,010 22,000 20,000 67.000 77,000 First A ref 5s series G ........1960 Belvldere Del gtd g 834s.... 1943 22",556 ♦Berlin City Electric deb 634*—-1951 ♦Deb sinking fund 634e .......1959 19,000 16",666 27,000 38,000 . cons ♦Debenture 6s........ 12,000 ....... .1955 Berlin Bloc Bier A Undgrd Rye— ♦1st 634s. ..1956 2,000 * 399,000 Bethlehem Steel 4^1 series D...1960 Cons mtge 33is series E——.1966 566,000 187,000 334s s f conv debs Big Sandy Ry 1st mtge 4s 229.000 20,000 371,000 ttrunsw A Western 1st gu g 4s... 1938 Buffalo Gen Elec 434s ser B... —1981 .. 28,000 {Bush Term Bldgs 1st 5s gu..—.1960 ..1940 31,000 Calif Packing conv deb 5s Camaguey Sugar Co— ♦1st 7s ctfs of deposit.........1942 72,000 68,000 Canada Sou con gu 5s ser A.....1962 168,000 Canadian Nat gold 434s.......—1957 Guaranteed gold 5s 97,000 July 1969 Guaranteed g 6s.....——Oct 1969 69,000 Guaranteed g 5s....—......1970 24,000 Guar gold 4Hs......June 15 1955 84,000 Guar g 434*—..—1956 62,000 Guar g 434s 195) 64,000 83,000 Canadian Northern guar 634*—.1946 336.000 Canadian Pac 4% deb stock...... Collateral trust gold 434s 99.000 1946 5s equip trust ctfs 79,000 1944 Collateral trust g 5s..——.—.1964 178,000 Collateral trust 434* —.1960 236.000 {♦Carolina Central 1st gu g 4s.. 1949 1938 29,000 Caro Clinch A Ohio 1st 5s 1st A con g 6s aeries A.Dec 15 1952 52,000 7,000 Carriers A Gen Corp deb 5s w w.1950 4,000 Carthage A Adlr 1st gu g 4s....1981 .... 41,000 16,000 182,656 Celotex Corp deb 70,000 11,000 82,000 2,000 78,000 3,000 107,000 174,000 91,000 173",656 12,000 143,000 167,000 113,000 18,000 Sale Sale Sale Sale Sale Sale Sale Sale Sale 42 Sale Sale 78 Sale 5934 Jan. "12634- A O J J 18 24 $10034 _ Sale 9234 Sale A O 8 40 MN MN A MN M N J A 42 41 37 834 5034 Sale 10 45 Sale 52 Sale iW 60 7434 Sale 10734 110 10434 108 68 75 9334 Sale 10534 Sale 15 7 7 15 3 3 Jan. Jan. 4 Jan. 3 10 7 7 7 11 17 5 Jan. 7 11934 Jan. 12734 Jan- 18 15 17 Jan. Jan. 9934 Jan. 118 Jan. 12634 Jan. 100 2634 Jan. 2034 Jan. 6 25 2634 Jan. Jan. 25 2234 Jan. 4 5 2334 Jan. 3 103 54 Jan. 3 9534 Jan. 27 8634 Jan. 7 14 10 27 21 22 3I Jan. 10 35 32 Jan. 18 Jan. 11 8 Jan. 21 18 3 3 Jan. Jan. Jan. 40 10234 Jan. 4834 Jan. 41 12 Jan. Jan. 10634 Sale Oct. 28 104 Nov. 6 108] Dec. 28 94] Dec. 28 116] 43 Dec. 29 103] 6734 Nov. 24 105 51 Nov. 26 107) 50 Nov. 16 99] 3634 Dec. 29 93] 934 Jan. 934 Jan. 4 44 Jan. 28 104 Jan. 3 61 Jan. 9334 Jan. 3 7834 Jan. 17 10834 Jan. 28 10634 Jan. 24 73 Jan. 28 9534 Jan. 10534 Jan. 6 10634 Jan. 7434 Jan. 10634 Jan. Jan. Jan. 102 68 Dec. 28 20 Mar. 13 1834 Jan. 12 1854 Mar. 16 18 13 AO 3 J A O J J Sale 11034 110 10554 ----- Sale A 834 734 8534 -.I. 9 Sale J A J F M S J J J J M S J Sale 10 9 85 3834 54 97 Jan. 110 734 85 Jan. 37 Jan. 4934 Jan. 1334 10 Jan. 10534 10554 Jan. 119 Sale 72 96 Sale 55 Sale 11834 11834 11634 11354 11334 12334 86 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 10054 Jan. 112k D 80 56 90 J F A 72 75 J D F A 25 Sale 65 MN 1034 AO 6 '8034 1234 734 634 Sale 25 1234 86 92 5934 a7l54 21 25 Sale 25 63 1134 Sale 634 Sale 634 Sale 10634 "6934 I J 4234 "si"" J J 31 Sale General 4s. Central N Y Power 1987 J J 25 29 A O F A P F A Sale "9734 Sale" Sale Sale 116 93 90 123 8 5934 Champion Pap A Fibre deb 434s. 1950 M S 10534 Cbea A Ohio 1st cons g 5s... 1939 MN 10534 General gold 434s —1992 M 8 11934 Ref A lmpt mtgo 334* ser D 95 34 1996 MN Ref A lmpt mt<*e 334* ser B....1996 F A 9534 Craig Valley 1st g 5s 10634 May 1940 Potts Creek Br 1st 4a...... 10634 1946 1989 115 1989 10934 10734 10 Jan. • Jan. Jan. Jan. Jan. 554 Jan. 534 Jan. Sale Sale Sale 10634 Jan. 63 10754 Jan. 97 106 89 34 35 30 27 Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. 10234 Jan. 86 Jan. Sale 61 116 57 120 Sale Jan. Mar. 8 Feb. 23 Mar. 11 91] 85] Dec. 41 Mar. Dec. 41; Mar 4 101 Jan. 105$ Jan. Jan. Jan. 18 4 2 16 6 3934 Dec. 9754 Apr. 4434 Dec. 55 Aug. 104 83 93 32 Sale 117 Jan. 9054 Jan. 9154 Jan. Sale 108 10734 2 5 30 10 15 Oct. 20 Feb. 4 Feb. 19 Mar. 6 Aug. 19 5 1334 Jan. 12 25 109 Jan. 29 11434 Jan. 13 12 3 104 22 28 116'54 Jan. 4 11934 Jan. 4 119 Jan. Jan. 4 5 15 11454 Jan. 25 27 11434 Jan. 27 12534 Jan. 4 89 Jan. Jan. 29 103] 20 29 117 Jan. 15 18 24 18 12 Jan. 14 3 10134 Jan. 12 26 108 11 83 17 56 28 5 25 5 7 5 Jan. Jan. Jan. 4 11 Jan. 6 7654 Jan. 2254 Jan. 21 12 25 50 Jan. 1254 Jan. 634 Jan. 734 Jan. 12 Jan. 42 112 70 Jan. Jan. 113 Mar. 11854 Jan. 11454 11454 11254 11034 11034 Jan 121 Mar. Jan. 13 Mar. 23 121 6 11854 Jan. 11 Apr. 2 Mar. 11634 Jan. Jan. 116 5 Mar. 9 Oct. 12834 Jan. Oct. 8 0034 Jan. Nov. 7 10534 June Oct. 11534 Jan. 11 Feb. 3 Oct. Jan. 2 Oct. 120 80 9934 10934 9834 9034 116 50 Nov. 101 54 Nov. 107 Nov. 83 60 >88 Dec. Dec. 10754 Jan. 100 107 46 Jan. Jan. Jan. Oct. 4 19 Dec. 28 454 Dec. 29 13 Dec. 30 Jan. 5 Dec, 23 10 18 Oct. 29 90 Oct. 19 6034 Dec. 16 102 5 Apr. 90 Oct. 21 10034 Mar. 24 12 38 28 10 2534 Nov. 30 Jan. 13 3 9734 Jan. 31 6454 6 106 28 106 28 121 26 96 26 96 Jan. Jan. Jan. Jan. Jan. Jan. 10 24 19 6 13 12 26 115 Jan. 11 fig Aug. 20 Jan 12 May 24 Mar. 6 2334 Mar 2334 Mar. 40 31 Feb. Jan. 2334 Jan. 34 Jan. 244 Mar 18 8 8 25 22 13 22 12534 Jan. 8 28 Jan. 21 109 2 10454 Feb. 10834 Jan. 14 Nov. 24 7534 Mar 8 3434 Jan. 2754 Jan. If >5 8 Jan. 27 71 Oct. 934 Apr. 12 10 Mar 93 7034 Nov. 24 18 Jan. Jan. 13 11134 July 3> 10654 Jan. 11 5 11 17 24 12 29 0 14 5 11934 Jan. 18 10 Jan. 20 734 Oct. Dec. 10934 Mar. Oct. 19 883? Jan. 7834 Jan. 11 20 II2 34 Jan. 0 14 10834 Jan. 5 8 8 104 34 Jan. Mar. 23 9534 Mar. 10 Nov. 8 92 July 12 Dec. 23 12534 Jan 2 27 116 55 Oct. 10434 Oct. 105 k Nov. 11634 Mar 93 k Nov. 9234 Oct. 107 11234 Jan. 112 20 22 0 4 7334 Feb 10554 May 19 10934 11234 16 4 8 76 10534 Jan. 10554 Jan. Feb. 11534 Jan. 12234 Jan. 13234 Jan. 106 Jan. Jan. 109 107 Aug. 102 Feb. 11234 Nov. 88 Jan. 6 15 4 19 8734 10534 106 10534 -Sale 11834 Sale Aug. 21 Aug. 6 2654 Aug. 13 34] 5934"Jan"27 '7434~JanT"I6 56 20 2 834 Dec. 554 Dec. 10154 "6034 Jan. Jan. 27 90 12 24 29 25 104 MN M 10734 10534 Sale 9834 Sale "71"" MN MN 70 103"" A O z72 20 50 Jan. 21 Feb. 23 Feb. 15 8534 Jan. Jan. 61 Jan. 4 10434 Jan. 42 27 13 107 8 81 53 5 25 16 10 18 25 2 Dec. 18 18 10 15 28 10334 M 11 3 8 20 18 Mar. 31 112 20 28 23 15 28 M S Jan. Jan. 4 22 Mar. 12 25 June 26 9934 Nov. 23 10634 Jan. 8 8934 Oct. 19 9934 Jan. 2 19 14 17 8 14 23 M S 10 Jan. 22 114 J 3 104 10034 Jan. 9534 Jan. 31 99 4034 10134 10154 10034 10034 Jan. 10734 108 Jan. 10134 103 MN 44 Sept. 18 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Mar. Jan. Jan. Mar. Jan. 28 81 11334 11354 11334 Jan. 11534 Sale 11534 Jan. 119 11134 Jan. 1C634 Jan. 0634 Jan. 3034 Jan. 8H Jan. 10434 10334 10434 10354 Jan. 11854 Sale 11854 11934 11634 116k Sale Sale 11454 Sale 11334 11354 Sale 12434 Sale 12334 12434 Sale 88 8634 Sale 10134 Sale 10034 10134 113 11334 113 11354 10034 Sale 10034 Sale lit* F 35 61 11354 Sale 11634 Sale J 31 10 10 8 105 » 112 A J 110 106 41 8 8 83 37 53 104 1 Feb. 9 Feb. 9 Jan. 8 Jan. 8 Jan. 20 Jan. 18 Jan. 7 20 40 10 10 82] Dec. 28 93 3 116 Apr. Apr. 17 110] 10534 Nov. 19 1163 8 60 Nov. 78] 101 Oct. 29 103] 9 121] 11534 Apr. 120 Mar. 23 131 37 111 103 4434 Dec. 15 July 21 Jan. 9 Jan. 7 2 8534 Feb. 1073? Jan. 12 102 7354 3754 78 34 41 4334 Jan. 4434 Jan. 44% 60 Sale 77 10734 Sale 108 102 Sale 69 Sale 94 1634 Dec. 29 9934 Oct. 19 30k Jan. 2 Jan. 5 Jan. 5 Feb. 6 Jan. 29 Jan. 9 Jan, 16 Feb. 8 July 28 1 11854 Mar. Dec. 27 11134 9934 Nov. 24 116 8554 Nov. 26 105 7354 Nov. 26 99 8634 Dec. 30 106 74 Dec. 16 99 27 Nov. 24 60 26 Dec. 31 54 5734 Dec. 29 8334 97 107 3454 Jan. 19 8 40 5 3 14 6 17 Jan. 24 Sale Sale 4 Jan. 46 9434 Sale 86 Sale 10734 Sale 50 Nov. 20 112 Oct. 19 112 8 10934 10434 May 103 k Apr. 28 110 101 Dec. 24 108 10434 Nov. 16 111 103 Dec, 27 107 110 Feb. 24 114 11034 Nov. 30 11334 J F 20 102 103 J P 44 2634 2734 2134 Sale 2134 Sale 10334 Sale MN J Sale Sale Sale 12 Sale Sale 127 12 3034 Jan. Sale 29 J 8 7 11 14 Jan. 63 Sale 64 23. 2334 A 11 Jan. Jan. Sale" A For footnotes, see page 30. Jan. 5934 Jan. 2834 Jan. 109 18 A Jan. Jan. Jan. 2634 it* !* 20 Jan. A O Warm Springs Valley 1st g 5s .1941 Jan. 76 31 31 60 Jan. Jan. Jan. Jan. Jan. 88 Sale 1966 {♦Central New Bng 1st guar 4s.. 1961 Central of N J gen g 6s.. ...1987 R A A Dlv 1st con g 4a 2d con gold 4s. 100 29 28 5 15 31 31 Sale 1951 ...1962 Cent Pac 1st ref gu g 4a........1949 Through St L 1st gu g 4a 1954 Guar 5s................ ..I960 "CenRR A Bkg of Ga col tr 5s-1937 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 27 10434 Jan. 26 Jan. 94 19 7734 Jan. Jan. 2234 O Jan. 97 Sale Sale Cent III Elec A Gas let 6s Central Illinois Light 834«— 334e 12 Sale Sale 55 100 98 5s extended to May 1 1942......... Central Steel 1st sink fund 8s 1941 90,000 Certaln-teed Prod s f g 534s A...1948 133,000 17 A ♦Ref A gen 5s series C...——.1959 ♦Chat Dlv pur money g 4s....1951 - 5,000 275,000 1,000 w...—.1947 ♦Macon A Nor Dlv let g 6a——.1946 ♦Middle Ga A Atl Div pur m 5a. 1947 ♦Mobile Dlv 1st g 5s.... 194* 4,000 Central Foundry 1st mtge 6s.... 1941 General mtge 5s——.—1941 8,000 49,000 Cent Hudson GAB 1st A ref 334s *65 396",660 175,000 w ♦Cent Br Un Pac 1st g 4a.......1948 4,000 {♦Cent of Ga Ry 1st g 5s...Nov. 1945 ♦Consol gold 5s....*.——1945 ♦Ref A gen 534s series B——.1959 90,000 4,000 12,000 71,000 7,000 194,000 352.000 2,000 144,000 20,000 36,000 56.000 168,000 434s 27 112 Jan. 69 26 §SI* D MN Jan. Jan. Jan. 31 54 17 28 21 54 F let ♦Certificates of deposit......... {Bush Terminal Co 1st 4s—....1952 Con sol 5s ........1955 I~6~,656 Sale 29 60 20 92 80 A O F Jan. 27 10334 Jan. 28 11234 Jan. 83 70 76 70 J A 100 100 10634 Jan, 13 103 Buff Koch A Pitts cons 33,000 Sale 88 85 11734 11734 12634 12734 O 5 19 26 101 28 9434 Jan J A 10634 Apr. 26 116 4 Jan. 11834 Mar. I 3 5 Jan. 97 A O J C—1967 J D 434s 1957 MN 4,000 •{♦ Burl Ced Rap A Nor 1st 6s 1934 A O 84,000 36,000 "T,666 19,060 O Debentures gold 6s ....i.——1954 I D 30,000 1st lien A ref 5s series B.......196? MN 227,000 14.000 Brown Shoe s f deb 3He —.-1950 FA 352",066 "2",656 A Jan. 195 116 100 106 95 MK *93" 100 43 Brooklyn City RR 1st 5s 194) Bklyn Edison cons mtge 334*—--1966 Bklyn Manhattan Transit 434*--1966 Bklyn Queens Co A Sub gtd 6s—1941 1st 5s stamped 1941 .....1950 25,000 Brooklyn Union Bl 1st 5s 154,000 Brooklyn Union Gas Go 1st g 5s. 1945 1st lien A ref 6s ser A. 1947 68,000 59,666 96,000 251,000 2,000 D 27 10934 29 103 27 103 J4 20 102 27 10134 Jan . 10934 Jan. m 108 1,000 Buffalo Niagara Elec 334* • J MS lit |4Hi series JJ. 1961 ^BostonA NY Air Une 1st gu 4tl956 ♦{♦Botany Cons Mills sec s f 6H*1934 ♦Certificates of deposit........—. 345,000 23,000 63,000 130,000 64,000 80,000 20,000 24,000 95,000 47,000 46,000 407,000 78,000 54,000 80,000 95,000 4,000 46,000 45,000 8,000 14,000 26 58 ID 1st mortgage 5s series II......1955 164,000 105,000 12,000 73,000 28,000 6,000 268,000 914,000 58,666 21,000 29,000 2,000 61,000 51,000 13,000 Vk* 29 1952 1944 ....... 113,000 203,000 74,000 71,000 81 Boston A Maine 1st 5s ser AC...1967 "i",55o 566.000 224,000 135,000 42,000 180,000 134,000 15,000 240,000 1,556,000 7731 ... 69,000 53,000 f42,000 69,000 10434 45^ iT.666 8,000 11134 Jan. 9834 Jan. 9934 Jan. 10134 Jan. 10434 113 106 10134 10134 Jan. Jan. 9934 97 10034 Jan. V&x 102 10634 Sale 10,000 Baldwin Loco Wks 5s Stpd......l940 M N 102 569.000 Bait A Ohio 1st g 4s ..July 1948 & O Refund A gen 6s ser A.........1995 J D 760,000 1st gold 5s.......... ....July 1948 A O 564.000 Ref and gen 6s, series C 828.000 1995 J D PLBAWVa Sys ref g 4s 6734 107,000 1941 MN Southw Diilst33is at 5% ....I960 J J 5934 448,000 Tol Cin Dlv 1st A ref 4s ser A..1959 J J 13.000 MS 623,000 3734 Refunding 6s series D. 2000 Con* g 434*--2,366.000 3134 .....1960 V A 38 Ref A gen 5s series F—........1996 M 8 728.000 20.000 Bangor A Aroostook RR lst g 6s '43 I J 112 » J 105 Con ref mtg* gold 4s.. ........1951 67,000 4s stamped...................1951 J J 108 92,000 Battle Greek A Sturgls gu 8s....1989 Beech Greek Bxten 1st g 334*— .1951 Bell Telephone of Pa 1st 5s B 1948 Sale 100 Sale 10934 Sale 103 10334 10234 V&X 4 Aug. 19 96 34 Feb. Jan 4 108 Jan. 27 109 20 128 4 Jan. 23 102k Jan 19 102 34 Jan. Jan. 11 111 10934 July 26 1114 Jan. 6 12034 Jan. Jan. 8 115 108 30 1084 Sept. 10554 Oct. Apr. 108 Mar II 5 7 4 4 4 20 18 19 29 2 FEB., 1938] N. Y. STOCK SALES IN Dec. EXCHANGE—BONDS PRICES IN JANUARY BONDS Jan. H. Y. STOCK EXCHANGE 1937; Jan. 1938 104.000 48.000 264.000 163,000 165,000 4,000 482,000 159,000 3,000 992,000 49,000 1,000 64,000 167,000 85.000 594,000 46,000 329,000 50,000 99,000 2,555,000 2,563,000 243,000 226,000 26.000 205,000 322,000 2,000 276,000 231,000 561,000 373,000 1,982.000 17,000 839,000 16,000 793,000 453,000 623,000 195,000 485,000 5,000 33,000 68,000 106,000 Chic 4c Alt RR ref a 3a.. 173,000 Chic Burl & O 111 D1t 3 Hi— Illinois Division 4« 206,000 1949 1949 A O J J Sale 686,000 {♦Chic Ot Western 1st 5i-yr 4a 1959 MS Sale 10,000 {♦Chic Indlanap A Loulav rf 4 6sl947 J J 46,000 36,000 1,000 226",655 26,000 117,000 39.000 17,000 1,481,000 2,314.000 39,000 252,000 61,000 5,000 116,000 37,000 96,000 63,000 147,000 87,000 1,234.000 ♦Refunding Hold 5s ser B 1947 ♦Refunding 4s series C........1947 ♦1st A 4«neral 5s series A......1944 ♦1st A 4en 4s series B May 1944 Chic Indiana A Sou Sf-yr 4s ...1954 Chic L S A East Ist«54«— 1949 ♦Chic MB A St P ten 4 4s ser A..1989 ♦Gen 4 3M* series B May 11989 ♦Gen 4Hs series C ....May 11989 ♦Gen 4 4Ms series B ..May 11989 ♦Gen 454* series F.._.„_May 11989 {♦Chic Mil St PA Psc sat4ef s serA1975 ♦Con* adj 5s Janl 3980 {♦Chic & No West 4ta 354« ..1987 ♦General 4s..................1987 ♦Stpd non psyt Fed Inc tax. 1987 ♦Stpd 4en 4Ms non-pay Inc tax 1987 ♦Gen 5s stpd non pay Inc tax.1987 ♦General 4 Hs stamped........1987 ♦♦15-year secured 4Hs.. .....1934 ♦1st A ref 8 5s.. May 3937 ♦1st A ref 4J4s stamped..May 3937 ♦1st A ref 454s Mr C_......May3937 ♦Con? 4 Ms series A...........1949 ♦{♦Chicago Rye 1st 5s stamped 7,000 Feb 1 1937 25% part paid—.-1937 207,000 {♦Chic RIA Pacific 4en 4 4s....1988 5,000 ♦Certificates of deposit....... 220,000 •♦Refundln4 4o!d 4s .....1934 307,000 ♦Certificates of deposit....... 169,000 ♦♦Sec. told 4H8 series A... 1953 102.000 •Certificates of deposit......... 179.000 ♦Convertible 4old 4HS........1949 M 8 Sale Sale 99 A Sale Sale Jan. 93 54 Jan. 27 109 F F Sale 98M Jan. A Sale Sale 9054 90 Jan. Sale 1654 14 Jan. 27 17M Jan. 13 16 M 13* Jan. 26 1654 Jan. 12 J J 86,655 313*,o56 Ch!ca4o Union Station- J J Sale J 8,000 24.666 Jan. Jan. Jan. Jan. 13 13 8 10 4,000 89,000 191,000 583.000 99,000 Sale ~1§54 15>4 Jan. 26 17M Jan. 8 MN Sale MN Sale* J D 1154 J D J D Sale 10 10 MN Sale 5 57 50 Jan. 18 17M Jan. 1754 Jan. A O MS MN M S J J M S O M N J A D 50 854 Sale 7 Sale 854 Sale 654 Sale 0454 Sale 94* ..... 86 8" 7 4* 50 72M Sale 58 43 56"" Sale 104 100 M * Sale Series D 4a 3 Ms..............1950 General 4Ms series A.........1977 Gen A ref. mt*e4Ms series B..1981 J J F A A A A J Colo Fuel A Iron Co gen s f 5s.. 1943 F 25,000 ♦5s Income mt4e....*.........1970 A 90.000 Colorado A Southern 4Ms ser A. 1980 MN 275.000 Columbia Gas A Blec deb 5s....1953 M N 35,000 Debenture 5s ........Apr 15 1953 A O 201,000 Debenture 5s..........Jan 19 1941 3,000 Columbia A Hock Val 1st ext 4 4s *48 A O F 5 83H Sale 57 O J D J J J J J D A O J J M 8 1,000 85,000 230,000 497,000 9,000 298,000 463,000 68,000 23.000 ...... 13*606 31,000 ...... A I F A A J Jan. 1954 185s 954 854 Jan. Jan. Jan. Jan, 18 10 13 8 8 10 Jan. 12 854 Jan. 554 Jan. 8 10 86 Jan. Sale 79 105 104 105 101 91 109 99 59 44 94 94 Mar. 8 Jan. 11 Jan. i654 Dec. 18 16 Nov. , 16 1654 1854 9m 5 Feb. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Jan. Jan. 16 Feb. Feb. 6 6 6 Mar. 6 Feb. 18 Mar. Jan. 13 10154 Apr. 27 100 Jan. 13 9254 Jan. 3 3 12 9154 Dec. Jan. 31 Jan. 5 24 10254 Jan. 107 65 14 10454 Jan. 8 108 Jan. Jan. Jan. Jan. 5 18 22 4854 Nov. 24 106 107 104 Sale 104 3 108 Sale Apr. 10454 Apr. Sept. 103 —— I - 7354 Jan. 19 10254 Jan. —.... 10454' iI65" Jan"" 95 55 15 7 13 5 9 Jan. 11 Jan. 11 Mar. 4 Jan. Mar. Oct. Oct. Dec. 9754 Apr. 10454 Oct. Jan. Oct. Dec. 10454 Oct. 10554 Mar. 11054 June 100 11054 11054 Jan. Jan. Jan. 10654 10654 Jan. 26 108 Jan. 10654 Jan. 4 108 Jan. Jan. 4 107 105 25 10654 Jan. 25 *05 l05" 10254 10454 Jan. 82 Jan. 8654 Sale 7954 Jan. 8154 Sale 20 19 Sale 72 Jan. 100 60 39 91 4 11 4 4 100 12 90 19 104 Oct. Feb 19 1 Feb. 25 22 111 23 110 Jan. 2 June 23 113 109 Jan. 27 June 8 60 Sale Sale 61 42 Sale Sale 93 Sale 92 87 107 59 4754 Jan. 10 3854 Nov. 24 99 98 Jan. Jan. 14 90 Jan. 30 18 9254 Nov. 26 Feb. 9654 Jan. 11254 Jan. 15 Nov. 26 28 Jan. Jan. 1 25 28 106 Jan. 13 29 108 Jan. 4 98 Jan. 3 10054 Jan. Jan. 17 24 Jan. 2 18 Oct. 11 Jan. 7 62 9954 Sale 101 102 10054 Sale 10354 10354 102 112 54 114 11254 114 11254 113 11254 113 M 108 54 108 54 106 10454 Sale 11 10954 Sale Jan. 9554 Jan. 9954 Jan. Jan. 4 11254 11254 Sale 11254 Jan. 11254 Jan. 26 112 110 ilOM Sale D 31 Sale D Sale J J J J IV* 27 A O "2l" 58 Jan. 10554 Jan. 104 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 12 10354 Jan. 24 11254 Jan. 26 113 Jan. 26 28 "27 116 54 Jan" "27 28 107 28 105. 12 101 8 106 5 10754 26 10654 Jan. 27 Jan. 26 Jan. Jan. Jan. 12 8 Jan. 5 11 5 10554 Jan. 26 28 10354 Jan. 3 2154 Jan. 10 2154 Jan. 10 10654 Sale 1065| Jan. 9654 Jan. 9754 Sale 16 Jan. 16 1954 16 27 1654 ^an. 1654 27 28 10754 Jan. 3 17 17 26 16 5754 5 13 9954 Jan. 1754 Jan. 1654 Jan. 17 13 18 5054 5054 Jan. 18 19 101 11254 Jan, 106 Jan. Jan. 13 18 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 113 97 May 11 11154 Jan. Dec. 10 10754 Oct. Nov. 24 9554 Nov. 22 Nov. 24 109 102 9254 Sale 92 89 June 13 4 2 Jan. 11 Mar. 4 Feb. 16 Jan. 11 9954 166"' 10154 6 11 103 18 108 10254 Nov. 24 27 29 28 5 Dec. 23 10554 July 28 10914 Nov, 9 T 101 Mar. 20 11054 JSLii* Mar. 19 10454 Mar. 19 104 Jan. 13 82 Nov. 19 107 4 106 14 111 108 8 Jan. Jan. Jan. 104 99 106 11 16 16 Apr. 20 11554 Aug. 26 118 67 Dec. 2 9854 Jan. 15 8 10254 Nov. 23 10654 Jan. Nov 12 104 Sept. 14 8454 Dec. 16 10454 Jan. 18 28 10154 Jan. 8554 80 Jan. 56 61* 108 74 99! 91 Jan. Feb. Feb. 10454 Apr. 30 10854 Feb. 10854 10754 Jan.' 10854 Jan. 106 10454 Jan. 10854 Jan. 100 54 82 % 78 Jan. 27 9054 Jan. 8 July 21 104 Jan. Jan. 16 16 Mar. Dec. 15 Jan. 26 Mar. Sept. Aug. 28 3 13 3 Jan. Dec. 10 10754 Jan. 24 110 Jan. 25 10954 Jan. 28 10554 Jan. 19 Jan Jan. Oct. Dec. Jan. Jan. Jan. 19 Feb. 90 86 90 68 18 11 18 Mar. Oct. Oct. Oct. Oct. 4 11 15 11 11 Feb. Dec. 1554 754 654 654 654 8 Jan 4154 Dec. 7 3 107 Sale 95 54 Sale J Jan. Oct. Dec, 67 Jan. 5454 Jan. 109 J Oct. 10954 Aug. 96 M 9254 Sale 112% J Dec. 8 19 56 8 22 3 14 2454 Dec. 2554 Dec. 2554 Dec. 28 . 20 28 Dec, 25 854 854 4 8 2 Mar. 1. Feb. 26 Jan. 28 Jan. 22 Mar. 23 H 109 10554 108 105 108 10654 J I 51 8 Oct. 11054 Apr. I? 110 104 J J 12 12 Mar. Nov. Jan. 107 54 J 1254 Jan. 1154 Jan. 11 jl Jan. 754 Jan. 93 5754 Jan. 101 1005* 101 10554 10754 10654 107 54 1075 10754 10754 Sale 105 105 54 Sale 105 Sale Sale 10354 105 103 10254 Sale 10154 10354 A 4 11 15 44 105 54 106 A MN A Jan. Jan. —i- 102 M N FA ..... 103 74 Sale 106 108 108 MN 26 6 6 14 10354 Sale 105 54 107 10754 10754 108 5 J 754 Jan. 654 Jan. 4>4 Jan. 86 10154 A O 3 1854 Jan. 22 ::::: "78 54 MN AO 654 Jan. 107 107M 106 10554 Sale 10854 108 54 10854 Sale 10554 Sale 10554 10454 105 10254 103 Sale 100 88"" Sale 8754 Sale 92 36 H 9054 58 7 3 18 4 105 109 109 56 11 29 3 28 Jan. 8 ig ®al!. M N J Sale ..... 80 H 66 54 54 17* 3 1054 Jan. 20 Sale Sale 47 Jan. 18 _ "7", 566 3 Jan. Jan. Jan. Series A 4u 4Ms.............. 1943 Series G 4a 3 Ms.—————1948 ...... 31 Jan. e GCCAStL4en44s ...... 17 22 16M Jan. 25 MN F Columbus A Toledo 1st ext 4s—1955 69,000 Columbus Ry Pow A Lt 4s......*965 242,000 Commercial Credit deb 3M0-....1951 401,000 2Ms debentures..............1943 168,000 Commercial Invest Tr deb 3M0..1951 (Commonwealth Edison Co— 1,000 1st mtge g 5s series A.........1953 9,000 1st mtge g 5s series B.........1954 1st mtge g 454® series C—....1956 1,000 1st mtge g 454® series D-. 1957 59,000 1st mtge 4 4s series F.........1981 6,000 1st mtge 354® series H........1965 2,000 Conn A Passum Rive 1st 4 4s 1943 11.000 Conn Ry A Lt 1st 4 454®——M'] 2,000 Stamped guar 4J4® ..........1951 42,000 Conn River Power s f 354® A.....1961 215,000 Consol Edison (N Y) deb 3M«—1946 167,000 3M> debentures..............1956 Consol Hydro-Elec Works of Upper 1,000 • Wuerttemberg 1st 7s......... 1956 222,000 Consol Gas Co deb 454® ...1951 771,000 Consolidated Oil conv deb 354®--1951 17,000 {♦Consolidated Ry deb 4s --4954 1,000 ♦Debenture 4s JAJ 1955 ♦Debenture 4s AAO1955 ♦Debenture 4s....—... ..——1956 13,000 ♦Consolidation Coal s f 5s....... 1960 Jan. MN 45",656 54,000 285.000 138.000 59,000 322,000 4,000 14 15 13 Cine Gas A Blec 1st mt4e 354®-- .1966 1st mt4« 354®————.— .1967 f 4 5s series B 4uar—1973 199.000 1st s f 4 Ms series C....... 1977 Coal Riv Ry 1st 4o4s 1945 Jan. Jan. Jan. A s 30 36 15 Jan. 14 * Jan. Child* Co deb 5s.............. .1943 I ♦Choc Okl A Gulf consol 5s... 1953 1st 3 8 12 J Clev Short Line 1st 4o 4Ms--..—1961 Clev Union Term 1st 4v 5 Me A..1972 "35M JanT"l7 31 11 vx» "11",655 12 7 28 1054 Jan. 28 3 54 Jan. 3 Sale 13 M M 95,000 231,000 10 17 18B 28.665 7% Jan. 754 Jan. 8554 Jan. Jan. Jan. .1993 J D "§054 92 H General 5s series B............ 1993 J D 1*56.656 Ref A Impt 4 54® series B.......1977 J J "73 54 Sale" 10254 Sale J 37,000 Cairo Dlv 1st 4old 4s 1939 J i Cln W A M Dlv 1st 4 4s... .1991 J rSii 86* St Louis Dlv 1st coll trust 4 4S.1999 MN 100 M 8 10154 8prin4 A Col Dlv 1st « 4s 1949 100 J J W W Val Dlv 1st 4 4s.. ...194S 10554 26,000 aeve-CUffs Iron 1st mt4e 4«s..l950 M N 104 Sale 109 % 132,000 Cleve Blec IUum 1st M 354® 1945 J J 110 180,000 305,000 228.000 3 6 18 Jan. J 12,000 2,000 5,000 * Jan. 1354 4J4 18 1854 1854 1754 2154 J 1.000 23 33 J Clev A Pitts 4en 4u 4M« set B..1943 Series B 4» 3Ms————1643 7 Feb. Feb. Jan. Jan. 35M Jan. Cincinnati Union Terminal— 30,000 98,000 Jan. 5 A O 1st mt4e 4 5s series C 4uar—.1957 1st mt4e 4uar 3M« series D 1971 Clearfield A Mahoa 1st 4td 4 5s. 1943 Nov. 5 18 16 8 1054 Nov. 55| Oct. 55t Dec. 28 4454 Mar. 8 Jan. 18 Mar. 13"" Jan:"l4 2854 Jan. m Apr. 16 Oct. 19 Dec. 6 Oct. 19 Jan. 41 Sale MN Nov. 26 Oct. 19 9 4.07 1154 Dec. Sale MN 88 10 17 J A 25 13 1354 Jan. J F 21 Jan. Jan, 3 12 25 Jan. 28 * Jan. 33 M .1963 ......... _ 2654 Jan. 26 M J .1944 4s... 1st mt4e 4s series D 1st mt4e 5 554 Jan. 85 Jan. 89* 112* 354® series E........ .1963 354® 4uaranteed............. .1951 Chlca4o A Western Indiana 4s. .1953 1st A ref mt4e 4J4® ser D—.. .1962 Guaranteed 1254 Jan. 21 Sale Sale J 19 Jan. Jan. Jan. 20 108 6 19 "lOM JanT"*5 MN I Jan. ' 13 7254 Jan. 1554 Jan. J J 1113 Nov. 24 117 10154 Nov. 27 116 10454 Nov. 24 107 MN 80 Sale 1937 Highest Sale Prices Sale Prices 22 Nov. 24 8 5854 Jan. 104 Nov. 181110 Feb. 5 10754 Dec. Jan. A O 1951 J D "5.655 151951 J D J D Memphis Dlv 1st 4s....——.1951 54,666 Chie T H A S'east 1st A ref 5s—1960 J D M 8 76,000 4uar 5s ...Dec 1 1940 an Leb A N 1st con go 4 4s—.1943 "3",000 8 4 Jan. 27 105 28 10954 Jan. 28 9054 Jan. Chic S L A N O 40ld 5s Gold 3M*....June 222.000 51,000 6*666 Sale Prices 25 2654 Jan. Jan, 27 107 26 111* Jan. 1454 96,000 168,000 " Sale Prices 20 "18,555 J Lowest Highest 21H Jan. 9954 Jan. 102 M Jan. Sale m'N 26.000 60.000 176,000 57,000 211,000 64,000 44,000 1,000 120,000 8,000 6.000 Ask J RANGE FOR YEAR Lowest Sale Sale 1949 763.000 Gonoral 4a...................1958 1st 4c ref 454« ssrlss B 290,000 1977 388.000 1st 4c ref 5a series A..........1971 12,000 ♦{♦Chic 4c R 111 1st cons 4 4s 1934 161,000 {♦Chic 4c B 111 Ry (new co) 45s ..1951 29,000 ♦Certificates of deposit........... 32,000 Chic & Erie 1st 4old 5a 1983 7,000 25,000 136,000 36,000 210,000 197,000 109,000 2,000 181,000 26,000 244,666 Jan. 31 Ask Sale Sale | $ 138.000 3 Jan. 13 26 107 Jan. 11 10454 Jan. 12 26 54 July 30 9954 Nov. 89 109 Nov. 26 Oct. 19 Mar. 17 li054 Dtc. 13 115 102 Mar. 23 10854 94 Apr. 9 10054 9854 Nov. 26 101 9954 Mar. 18 10554 Jan. Jan. 11054 Jan. 12 11354 Dec. 4 11354 Sept. 11054 Jan. 10754 Apr. 10 11254 July 9 11254 Dec. 10754 Apr. 102 Oct. 19 10854 Dec. 100 5i Mar. 17 10754 Dec. Jan. 101 Dec. 7 106 10554 Apr. 16 11254 Feb. 10454 Mar. 17 10754 Jan. 100M Apr. 10 10854 Jan. 10254 Mar. 9 10654 Jan. 9954 Oct. 19 10754 Jan. 1854 Mar. 17 4 10554 Oct. 9254 Oct. 19 15 15 27 15 49 18 19 Sept. 17 Oct. 19 Nov. 29 Oct. Oct. 8 1. 23 3 30 8 30 11 11 11 2 5 July 21 June A Feb. 2 24 Mar Feb. 8 17 Jan Mar. 15 Mar. 20 Consumers Power Co— 58,000 90,000 252,000 63,000 19,000 39,000 31,000 100,000 47,000 14,000 106,000 1st lien A unlf mtge 3 Ms 1st lien A unlf mtge 3Ms 1965 MN 55.000 1965 MN 229,000 1st mtge 3M« —197C MN 89,000 1st mtge 354® 1966 MN 11,000 Container Corp of Am 1st s f g 6s.1946 J D 22,000 Deb gold 5s 1943 J D F A 7,000,^Copenhagen Telep extl s f 4 5s. 1954 41.000 Crane Co s f deb 3 Ms .......1951 F A MN 10,000,Crown Cork A Seal s f 4s —.1950 28,000) Crown Willamette Pap 1st a f 4 4s 1951 For footnotes, see page 30, J J 106 i Sale 103 Sale 101, Sale 10654 Sale 10254 Sale 10154 Sale 98< 100 100 103: 105 10354 8654 86 88 M Sale 89 10654 Jan. 10254 Jan. 10154 Jan. 9954 Jan. 10354 Jan. 87 Jan. 10054 101 100 % 10054 1009» Jan. 100 106 Sale 10054 10154 103 Ml 104' 106 104 9954 Jan. Jan. Sale 106 Sale 10354 Jan. 31 10354 Jan. 27 101 Jan. 28 10554 Jan. 91 Jan. 10 l00,932Jan. 29 20 18 18 13 14 11 Jan. 20 31 10654 Jan. 4 10454 Jan. 26 6 102 19 Apr. 9954 Mar. Apr. Apr. 10154 Oct. 7954 Oct. 13 23 9 Jan. 14 Jan. Aug. 19 20 Jan. Jan. Jan. 2 Aug 2 Apr. 10354 Oct. 20 10154 Oct. 20 Jan. Feb. Jan. Jan. 18 4 2 29 2 7 19 9 21 A N. Y. STOCK SALES IN Dec. 1937 EXCHANGE-BONDS PRICES IN JANUARY BONDS STOCK EXCHANGE Jan. 1938 Jan. 3 Bid $ 132,000 22,000 40,000 445,000 53,000 3,000 2,000 37,000 4,000 1,212,000 90,000 155,000 451,000 428,000 28,000 334,000 39,000 7,000 18,000 30,000 7,000 - Stamped Pa tax 9,000 Detroit Edison 87,000 97,000 166,000 104,000 59,000 84,000 139,000 122,000 1,000 M J J F 16,000 27,000 9,000 1,000 18,000 1,000 86,660 924,666 1,348,000 31,000 8,000 13,000 3,000 18,000 461,000 1,075.000 361,000 116,000 1,000 2,312,000 3,628,000 118,000 54,000 25,000 Gen Ac ret 4X1 series Gen Ac ret 5s series B J 86,000 110,000 6,000 1961 F A D .....1952 A O O S D D Detroit Term Ac T unnel 1st gu F A M N J D EI Paso At S W 1st Ac ref 5s... 1965 A O 5s stamped 1965 Erie At Plttsb gen gu g 3)4* set B.1940 Series G 3 Ha 1944 {♦Erie RR 1st con At prior lien 4al996 ♦1st consol gen lien 4a........1996 ♦Con* g 4a Ser A ............1953 ♦Series B 4M 40 ♦Ref At Imp 5s aer 1939 1975 A O ♦Erie At Jersey 1st a f 6a ♦Genesee Rlv RR 1st a f 6a ♦N Y At Erie RR ext 1st 4a 1955 J J : , 222,000 225.000 12,000 191.001 19,000 7,000 6,000 ♦3d mtge 4Hs Braes to Breda Co 1st mtge 7s.... 1954 F A Fairbanks Morse deb 4s.........1956 J D Federal Lt At Tr 1st 8 8 1st lien {♦Fie Cent Ac Peninsular 5s..__.194? {♦Fie East Coast 1st 4H« ...1959 J « 103,000 132,000 102,000 117,000 421,000 1,116,000 577,000 377,000 22",000 "i",66o 54,000 13,000 3,000 7,000 24,000 81,000 36,000 75,000 33,000 80,000 29,000 8,000 27,000 34",000 5,000 6,000 2H 3X 17 107M Jan. 107X Jan. 11X Jan. 15 104 17 11 108 X Jan. 24 19 13 Jan. 22 6 Jan. 18 5X Jan. 8X Jan. 28 Jan. Jan. 7X Jan. 7 Jan. 27 10K Jan. 17 Jan. 7 3 Jan. Jan. 108 95 X Jan. 107 X Dec. 101X 104 X 106X 106X 10X Dec. 11 Oct. 20 irA 35 25 14 103 X Jan. 5 106 X Jan. 7- 108 X Jan. 4 30 101 h Mar. 47 Dec. 10 7 12 5 11 4 80 Oct. Jan. Mar Oct. Sept. 12 23 5 16 16 105X Nov. 30 Nov. 16 3 108X June 108 X June 18 107 36X Jan. 16 Mar. 8 38 Feb. 18 22 X Feb. 32 X Jan. Nov. Oct. 18 23 7X Oct. 2X Oct. 28 Oct. 9 42 12 Mar. 19 1 57 X Apr. 20 ♦S f del) t 6i.. ' J 2 1948 M N M N M 108X Jan. 102X Jan. 22 21X Jan. Jan. 12 6 103X Jan. 23 Jan. 25 Sale 106 Jan. 85 3 Jan. 17 102 Jan. 2 27 107 Jan. 19 Dec. 20 111 Jan. 95 X Dec. 10 116X Jan. 103 X Sept. 14 107 X Jan. 1 139X Jan. 131 July 20 19 5 Jan. 21 103X Jan. 13IX Jan. 97X Jan. 26 109 Jan'. 102X Jan. 7 28 108X 90X Jan. 10 10 103 X Jan. 10 131X Jan. 5 101X Jan. 26 5 109 18 Jan. 5 27 103X Jan, 22 95 X 90 103M Mar. 23 110 105 97X Oct. 19 111 7 113X 108X Apr. 7 106X 100X Apr. 106X Sept. 24 112 8 106X 95 Nov. i02X Dec. 11 106 103 X Mar. 30 107 Nov. 26 106 * Oct. 19 92 47 Jan. 18 70X Jan. 3 80 Sale 25X Jan. 18 53 Jan. 3 52 51 Sale Sale 22 Jan. 26 51 Jan. 3 Sale 21X 21X 16X 16X Jan. 31 Jan. 26 Jan. 27 Jan. 27 36X Jan. 21X Jan. 26 47X Nov. 8 47X Nov. 9 58 Sept. 28 94 21X Dec. 28 89 57 Jan. 43 60 X Sale 42 M Sale 105 Sale 60X Sale 17 X 17 Sale 43 6 Jan. 3 42X Jan. 3 65 Sale 54X Jan. 20 105 85 19 Jan. 6 95 60 M 58 M 92 X 65 Jan. Jan. 25 101X Jan. 13 61 100 Jan. 61X Jan. 26 102X Jan. 22 97. Jan. 20 3 100 62 61 101X 102 95M 97 97 99 95 X 96 M 63 Jan. 95X Jan. 18 95M *98"" 95 X Sale 95 Jan. 31 99 101 98 Sale 98 Jan. 60 86 68 82 82 Jan. 31 100 83 28 94 M 95 X 94 X 40 X 95 55 58 94X Jan. 60 45 6 X Sale 5X 6 17 X 2X IX IX 93 89 39X Dec. 28 104X Dec. 11 119 Dec. 22 118X Ii4 Dec. 21 114X 107 Nov. 5 100 X 100 Dec. 2 60 80X 19 105 Oct. 14 Sept. 20 Feo. 1 July 13 Feb. 16 Jan. Jan. 14 5 16 22 Jan. Jan. Jan. Jan. 22 15 Jan. Jan. 16 16 Jan. June 9 8 Jan. 2 Nov. 13 Mar. 2 99 12 95 X Nov. 15 103X Feb. 13 98X Sept. 15 102X Mar. 30 97 Nov. 29 103X Feb. 23 98 X Dec. 15 104X Feb. 23 19 Jan. 6 Jan. 25 95X Jan. 25 Jan. 11 Nov. 19 105 Feb. 27 Jan. 5 96 X Mar. 27 Dec 27 81X Apr. 8 2 Dec. 56 87 Jan. 7 20 X Mar. 5 5X Oct. 19 20 Mar. 5X Dec. 29 5 86 82 45 57X Jan. 5X Jan. 5X Jan. 5 58 Jan. 29 Jan. 4 Jan. 9 9X 2M 2M 4 97X Jan. 40 94 28 Mar. 29 Jan. 17 96 IX IX 2 4X 104 J J Gen mtge 5H* Ser B Gen mtge 5s Ser C Gen 4Hs Series D Gen 4H* series R— Gen mtge 4s series G 1977 J ....1946 J Jan. 20 65X Jan. 27 3 102% Jan. 20 Sale Sale Sale Apr. 2 9X Jan. 87 70 13 J J J O g 5s.....1937 M N 44 30 41X Nov. 17 8 44 103X Jan. 26 102X Jan. 26 97X Jan. 10 98 X Apr. 98 X Apr. 10 92 31 12 41 X Nov. 24 19 Nov. 23 44 X Jan. 7 20 52 11 30X Mar. 57X Jan. 20X Jan. 25 Jan. 2 105 9 105X Jan. Nov. 5 103X Jan. 25 Jan. 12 13 25X Jan. 13 19 X Dec. 29 21X Oct 7 92 93 X 91X Jan. 3 98 Jan. 11 89 99X Jan. 19 89 18 100 Sale Sale Sale 94X Jan. 103X Jan. 79 Jan. 3 3 105 13 80 Jan. Jan. 4 19 106X Jan. 19 96 X 106X Jan. 65 Jan. 13 72 Jan. 5 69 65 Jan. 12 70X Jan. 4 61 105 X 106 X 104X Jan. 93 X Sale 91 Jan. 92 Sale 91 Jan. 3 108 3 81 Jan. 86 Sale 72M Sale Jan. Jan. Jan. Jan. 59 59 Jan. 60 9X 105 X 4 8X 65 10 27 111X Jan. 28 104 Jan. 99X 31 90X 27 89X 28 103X 28 95 Jan. Jan. Jan. Jan. Jan. Sale 99 76 X Sale 107 X 18 Sale 61 46 15 Jan. 13 27 95 8 Feb. 11 Jan. Jan. Jan. 18 11 8 88X Dec. 29 109; 87 Nov. 23 108! 4 98X Oct. 19 141 h May 20 5 10 10 89 Oct. 80 Jan. 13 75X Dec. 29 96 26 60 Jan. 25 50 65 15 8M Jan. 6 10 Jan. 12 Jan. 20 81 Jan. 20 76X Jan. 31 82 Jan. 3 90X Jan. 91X Jan. 27 91 Jan. 92 Jan. 7 88 18 7X Oct. 19 81 80 75 Mar. 4 106! Dec. 23 106 Nov. 23 103: 7 13 6 14 14 28 Jan. Mar. 1 Jan. 18 Feb. 0 93 X Aug 99 X Jan. 84 Jan. 10 108 Jan. 18 108X Jan. 26 105X A nr. 115 Jan. 14 114X Mar 6 61 Nov. 16 26 42 Dec. 27 22 54 58 55 Jan. 25 40 37 Jan. 26 37 Jan. 15 105X Apr. 108 31 119X Jan. 4 60 Jan. 24 105 X Jan. 102X Dec. Sale 4 July July 6 7 31 Oct. Jan. 115 Feb. 19 31 29 102X Jan. 11 103X Jan. Sale Aug. 14 5 14 98 X Apr. 95 X May Jan. 101X Sale 100X Jan. 102 X 102 X 102X Jan. 84 Jan. Nov. 24 116 19 119 108 X 20 85 107X Jan. IS8 Nov. 26 115: 90 Jan. 83 X Dec. 97 X Oct. 91M 2 97 106 98 Sale 8 10 104 X "90" Jan. ? 107 100X Oct. 27 80X 93X 84X 72X Sale Aug. 14 Oct. 16 Oct. 8 Sale Sale Sale Dec. 31 103X Jan. 13 Dec. 7 1053 95 97X Jan. 8 Mar. 30 Nov. 22 101X Jan. 4 Oct. 19 106 June 8 Sale Sale 50 78 Nov. 24 68 X Sale 79 . 65 95 Nov. 24 12 11 95 X Jan. 7 Nov. 26 30 Jan. 104 X 79 12 27 11 11 20 82 51X 106 96X Dec. Apr. Apr. 29X Mar, Jan. 31 25X Jan. 81X 118 X Jan. Oct. 23 X Sale 101X Sale Hackensack Water 1st 4s.......1952 15 Jan. 19 102 99 30 Sale 103 Jan. Jan. Jan. Jan. Mar. 17 Mar. 2 Jan. 20 July 8 Jan. 12 90 Sept 25 100 121X Jan. 29 122 20 91 .....1946 99X 43X 43X 39X 80 73 Sale Sale 60 X 84 4 4 25 106"' Sale 8X 12 103X Sale 102X Jan. 102X Sale 101X Jan. 97X 95X Jan. 47 X Sale 46X Jan. 19X 21X 20X Jan. 104 X 106 X 80 71M 6 10 IX Dec. 29 6X 5 IX Dec. 20 102X Dec. 17 107X lu7 Oct. 7 110X 45 Dec. 29 87X 20 25 91M Sale 94 X Sale 103X Sale 82 Gulf States St'l 1st mtge 4 H* 1961 States Utilities 4s series C..1966 13 — Sale Gul For footnotes, see page 30. 60 " 89 X 1959 1999 J Hoe (R) At Co 1st mtge..........1944 A 18 90 65 102 X 1952 .........1949 49X Jan. 117X 118 119X 100 M Sale 101X 102X 100X Jan. 97 99 X 98 X 98 Jan. 99 X 45 38X 43X 42 X 40X Jan. 42 40 Jan. 43 X Sale 39 Jan. 42 X 38M 48 45 Feb MM 4Ms 24 98 Feb ♦Income debenture ctfa B........ Greenbrier Ry 1st gu g 4s ...194* MN Gulf Mob At Nor 1st 5H« set B 1950 A O 17 Jan. 104 Gen mtge 4s series H..........1946 J Gen mtge 3X* series I ..1967 J Feb ♦Green Bay ft West deb ctffs A.. 17 103X Jan. 13 104X Jan. 44 89 M 1976 J .......... 103X Jan. 104X Jan. 47 111X Sale 1952 I 1973 J 104 104 60 D J 101 109 8 Great Northern Ry— 1st At refund 4Hs Ser A ......1961 J con 103X 104 Sale 19 X 18 Grays Point TeL-m 1st gu g 6s ...1947 1 D Gt Cons El Pow (Japan) 7s......1944 F A J 1st At gen s f g 6 Hs 1950 J {♦♦Housatonlc RR 19 109 55 51 30 D g 21 29 28 M 22 X 50 1956 J 1st mtge 4X* Goodyear Tire A Rubber 1st 5s..1957 Gotham Silk Hosiery deb 5s w w.1946 Gouv At Oswegatchle 1st 5s 1942 Grand R At I ex 1st gu g 4Mb 1941 con Jan. Jan. 29 4 111X Apr. 12 116X Jan. 106 X July 21 110X Jan. 8 2 111X July 21 105 X Apr 101 Mar. 23 109X Jan. 6 60 Mar, 21 60 May 21 53 May 25 Sept. 24 65 4 Fet> 45 48 Aug. 21 Oct. 19 37 55 May 21 107X Dec. 20 118 X Jan. 18 1 102 % Dec. 29 i00X Oct. 5 20X Dec. 10 72 X Jan. Sale 96 D 10-year debenture 4Ms 5 Sale 102 X 102 Goodrich (B F) Co conv deb 6s..1945 J Stamped... 5 Jan. 1982 Fort St U D Co 1st g 4Hs 1941 )"j J Framerlc Ind At Do* 26-yr 7 Ha. .1942 J Francisco Sugar coll trust 6s.... 1956 MN 1st mtge gold 5s series G Gulf ft Ship Island ref 5s 7 Jan. 37 . Jan. Jan. 70 M 53 MN 2-4s cons 112X Jan. 27 113X 107X Jan. 27 109 109X Jan. 27 110X 10 106 104X Jan 37 98 103M 104 103 X Sale Hock Val 1st Sale ..... 60 Sale ♦Harpen Mining 6s 6,000 Sale 7M Jan. 106X Jan. 6 .... 118", 000 • Sale Jan. 106 106 X 6X General Motors Acceptance Corp— 10-year debenture 3s 1946 F 281,000 15-year debenture 3X>——1951 F 161,000 24,000 Genera> Public Service deb Ahs.1939 J 161,000 Gen Steel Castings 1st 5H* w W..1949 1,000 {♦Ga At Ala 1st cons 5s Oct. 1945 ♦{♦Georgia Carolina Ac Northern Extended at 6% to July 1 1934 5,000 1.000 ♦Good Hope Steel 9c Iron sec 7s. 1945 117,000 246,000 98,000 67,000 178,000 1,668,000 455,000 189,000 5,000 41,000 103 Sale 107 X Sale 57 M D 81,000 Jan. 106X Jan. 21M D ♦Debenture AH*—————.1940 53",000 19 21X Sale M S A 5,000 33,000 23,000 Oct. 3 35 ser A .....1974 ♦Certificates of deposit....... ♦{♦Fonda Johns At Glov ref 4Ha_ 1952 ♦1st At ref 5s Gen Amer Investors deb 5s ser A.1952 F General Cable 1st s fg 5Hs A....1947 J ♦General Elec (Germany) 7a 1945 J "2^666 14 55 J 45",066 "5"666 Jan. 8 O D 155,000 383,000 273,000 10,000 47 27 107 X Jan. 52 X Jan. 5 3 107 X Jan. 38 108 K 110 103 Sale 8 Galv Hous Ac Hend 5Hs A.......1938 A Gas At Elec (Bergen Go) 5s 1949 J 142,000 250,000 468,000 20,000 27 Jan. 35 J 1957 J 1947 MN Proof of claim filed by owner.... MN ♦Certificates of deposit... 62,000 13,000 4,000 5,000 Jan. 70 56 15,000 100,000 44,000 11,000 25,000 8,000 45 38 Proof of claim filed by owner 2,000 2,000 13,000 48 X 62X Aug. 10 55 July 13 112X 113 M 112X 113M 107 X 108 X 109X HO 105 105 X 105 X Sale 1953 ♦Ref Ac Impt gold 5s ser 1927 ..1967 M N ♦♦(Amended) 1st 12,000 23,000 7,000 5,000 14,000 65 Jan. 64X Jan. 19 108 X 109 109 X Sale 1953 4s Series D 5 s f 6s stamped........ 1942 M 34-year deb 6s series B........1954 J D J Flat deb s f 7a 1944 J "3", 000 235,000 49,000 19 20 50 80 89X 95X 103M 106H 103 M 106 X 131M 131M 98 X Sale 100 X Sale 109 110 111M 103 Sale 102 102 M 92 X J J 16,000 2,000 32,000 . Oct. Oct. 42X Oct. MN J J "9",000 755,000 208,000 35 25 107 M 54,000 2,000 4,000 26 A O ""5", 000 13", 000 Jan. 53X Jan. 9 J a f 5s 1942 M 5s International series......1942 M First lien a f 5s stamped...... 1942 M 25,000 48 4 14 5 M 8 1938 M 12*555 4 Jan. 5 1965 A G..1966 M ♦Detroit Ac Mack 1st lien g 4a 1995 J ♦1st 4s assented............1995 J cony Jan. 41 12 A O Gen Ac ret mtge 4s series F Gen Ac ref mtge 3)4* series ♦Gen 40 65 — 34,000 Eastern RyM No DIt 1st g 4s 1948 8,000 Eastern Tenn Va Ac Ga 1st g 5s ..1956 18,000 Ed El 111 Bkn 1st con g 4a 1939 1,000 Ed El 111 N Y 1st cons g 5s 1995 383,000 Electric Auto Lite cony deb 4s...1952 4,000 Elgin Jol At East 1st g 5s 1941 17,000 El Paso Nat Gas 4)4a series A 1951 223",666 Sale Prices Sale 107 X 104 M 106 X 106 X 107 N J J A J D J D 4)4s '61 M N ..1951 J D 27,000 Dow Chemical deb 3s— 13,000 {♦♦Dul So Shore Ac Atlantic g Ss.1937 J J 213,000 Duquesne Light 1st M 3)4 s——1965 J J 26,000 Highest Sale Prices 106 M 107 X 106 Sale 51 47 J ♦Second gold 4s..............1995 ♦2nd 4s assented...........1995 7,000 35,000 122,000 158,000 Sale Prices 42 X Jan. 14 42 1969 J aa to Sale Sale Prices Jan. 5 36 YEAR 1937 Lowest 54 1st mtge gold 4)4* ..........1969 J J Denver Gas Ac El 1st Ac ref 5s....1951 M N 398,000 {♦♦Den Ac Rio Gr lat cons A 4s....1936 18,000 ♦♦Conaol gold 4 >4 a 1936 55,000 {♦Deny Ac R Gr West Ren 5s Augi955 ♦Assented (subject to plan) 108,000 ♦Ref Ac Imp mtge 5a aer B 97,000 .1978 1935 {♦Des Moines Ac Ft D 1st gu g is Certificates of deposit 6,000 {♦Des Plain*- Val 1st guar 4)ii .1947 RANGE FOR Highest 1 47 M Dayton Pr Ac Lt 1st it ref 3)4 s... 1960 A O Del 9c Hud 1st 9c ref 4s ...1943 M N Delaware Pr Ac Lt 1st M 4)4a.....1971 J J 1st Ac ref 4)4a Ask Lowest 40 194,000 Cuba Northern Ryi 1st 5 H*-----*942 127,000 Cuba RR lit 50-yr g 5a 1952 33,000 7X* aeries A extended to..—1946 6a aeries B extended to....... 1946 11,000 25,000 291,000 57,000 57,000 Jan. 31 Oct. Feb 4 9 28 Aug 23 126 X Jan. 6 97 H Feb 86 X Jan. 15 28 . 12 8 27 1937| Jan. BONDS N. Y. STOCK 1938 Bid 65,000 376,000 14,000 318,000 452,000 49,000 11,000 34,000 112,000 406,000 8,000 185,000 80,000 682,000 4s.......1942 1955 Collateral trust gold 64,000 128,000 Refunding 4s 121",606 Coll tr g 4s 70,000 460,000 3%a Litchfield Dl? 1st g Is... 1,000 11,000 1.000 121 121% 120 54 52% Sale Sale 19 18% Sale 107 H 108% 107% Sale 1 1951 88 88 332,000 167,000 180,000 Sale 40% 39% Sale 47 54 Jan. 3 28 49% Jan. 17 35X Sale 30 36" Jan? "27 Sale 45%Jan?"li 45% Jan. 28% Jan. Sale 55% Jan. 38% Jan. "4"666 32,000 3,000 65 161,000 909,000 63,000 216,000 254,000 74,000 283,000 8.000 136,000 388,000 48,000 132,000 230,000 88,000 260,000 Inland 72 523,000 397,000 111,000 70,000 549.000 201,000 150,000 107,000 2,000 12,000 596,000 1,803,000 738,000 Dec. 75 90 Oct. 80 100% Mar. 95 „ Sale 4 35% Jan. 31 46% Jan. Sale 33 33 Jan. 31 42 Sale a:06% Sale 107% "§6% 87 13 M 8 39,000 138,000 F A 104% J J 49 O A Sale 16% 46% M b 104 Sale 48% 46% Jan. "17 12% Jan. 3 52 55 J 17 Sale A 5% 16% Sale J J "68% \ 86% 70 Laughlln SCI 1st M 4%s.l961 94,000 29,000 72,000 234,000 217,000 118,000 23",556 20,000 3,000 2,000 12,000 1,000 Sale Stamped........ Plain. ........... 8 8 Sale 15 Jan. 21 Sale 61% Jan. 31 72% Jan. 12 39 Sale 39 Jan. 28 48 Jan. 5 Sale 84 Jan. 26 79 85 70 Jan. 3 94% Jan. 83% Jan. 18 26 77% 80% 88 46,000 12,000 9,000 157",666 I"5O"66O 59,000 56,000 126,000 8 14 82 Jan. 20 94 Jan. 59% Jan. 88 Sale 26 90 Jan. 14 57% Sale 57% Jan. 28 63% Jan. 14 M S 2% Jan. 25 Jan. 5 77% Jan. 97% Jan. 18 54% 3 2% 1 1 73% 94 79 "97" 8 M 2% Sale 93% ( 91 A C; 27 "34"" 28% 25 Sale 22 I 24% Jan. Sale 4 29 Jan. 5 25 Jan. 71% Jan. 63% Jan. 13 27 108% Jan. 24 106% Jan. 4 65% Sale 65% Jan. 31 56 Sale 56 Jan. 31 104% Jan. 108% 108% 106% 105% 105% 104 37 47% 37 18% 16% 14% M N Sale 104 Jan. Sale 47% 14% Jan. Sale 23% Jan. 23 — — —— 27 ii\ 82% J 108% J ----- - "85% 23 25 82% 100 Sale 98% J 14 107% 85,000 ..... Kings Co Elerated 1st g 4s.... .1997 A O .1949 V A 75 Kings Co Lighting 1st ref 5s.... .1954 ???? 71 J 1954 R) 5%s extended to.. .1941 J D .1951 MN Kinney (G Koppers Co 4s series A J A 120,000 88,000 326,000 116,000 38,000 6,000 101,000 175,000 119,000 11,000 37,000 14.000 3,000 ♦5s Uniform ctfs of 28 85 1953 F A 1960 F A 57 88 Sale Coll ft ref 5 H* series C Col ft ref g 5Hs ser D 57% 49% 49% Sale 53% 62 ...1942 F A Collateral trust 6s series B....1942 F A Coll tr 6s series A 28% 3% to..... 1947 J J 2d gold 5s 1941 J J Lake Shore ft Mich Sou g 3H< 1997 J D 91 95 95% Sale 71 Jan. 98% Jan. 103% Jan. 11 6 28 103% Jan. 17 85% 56% 54% 49% Sale Sale 55% 53 50 95 95% 95 100% Jan. 98% Jan. 86% Jan. 6 31% Jan. Jan. e 56% Jan. 55% Jan. 19 29 50 Jan. 8 53% Jan. 89 Jan. 22 90% Jan. 13 95% Jan. 95% Jan. 93 Jan. 29 Jan. 27 102 14 26 32% Jan. 71 Jan. 14,000 22 65 94 95 91% 59% 95 Jan. 12 95 "4",066 15",660 6,000 79,000 4,000 27,000 23,000 75,000 10,000 4,000 701,000 314,000 621,000 Leh Val (Pa) gen con Gen cons 4 Hi Gen consol 5s .... Leh Vail Ter Ry 1st gu g "4",600 78,000 17,000 121,000 60,000 45,000 99,000 Liggett ft Myers Tobacco 177",666 208",000 5s Lex ft Bast 1st gu 5s 9,000 3,000 1,000 62,000 48,000 98,000 12,000 330,000 14 90% Jan. 61% Jan. 60 Jan. Jan. 1940 g 4s ......3003 1003 M N 2003 MN 1941 A O 1965 A O 1951 F A Liquid Carbonic 4s con? debs...1947 J D Little Miami gen 4s series A ....1962 M N Loew's Inc s f deb 3%s 1946 F A 21,000 Lombard Elec 7a series A........1952 J D 13,000 Long Dock Co 3%» ext to.......1950 A O 13,000 Long Island gen g 4a............1938 J D Unified gold 4s 1949 M 8 2,000 Guar ref gold 4a............ ..1949 M b 58,000 4s stamped ... 1949 M S 30,000 1944 A O 29,000 Lortllard (P) Co deb 7s 33,000 108,000 ... ..1951 F 5s Louisiana At Ark 1st 5s series A..1969 For fx>tn"tei. fee pige 30, J A Sale 50% May 13 Jan. 25 Jan. Jan. Jan. Jan. 25 99% July 84% Dec. 31 101 53 % Oct. 19 70% 70% 54 Oct. 19 43 Oct. 20 68% 49 July 27 70 Nov. 29 106% Feb. 98 Mar. 22 109% Jan. 28 27 15 35% July 26 7 106% Jan. 8 104% Jan. 15 85% Nov. 22 10 7 17 21% Oct. 12 60 Dec. 58 Dec. 94 19 Dec. Jan. 90 Jan. 12 69 45 Jan. 12 35 Oct. 30 39% Jan. 10 26% Dec. 35 23 35 31 99% 76 60 58% Jan. 45% Jan. 21% Jan. 82% Sale 45% 23% Sale Sale If* Sale Sale Sale 66 66 Sale 23 Sale 31 Jan. Jan. Jan. Jan. 'Jan. 74% 84% 112"" 115 117% Jan. 117% 124 Sale 129% Sale 123 Sale Sale 105% 104% 106 108% 110% Sale 98% 96 64% 64 ~QQ~~ 101 75 100% 100% 83% "86" 86 87 85% 85 84 86% 129 122 Sale 127 120 69 129% Jan. 122% Jan. 104% Jan. Sale 128 122 Sale Jan. 11 Jan. 21 62 Jan. 3 31 26 46% Jan. 25 26 32 Jan. 3 28 40 Jan. 12 88 Dec. 4118 Jan. 4 116 Apr. 18 131 78 Jan. 7 77 75 Jan. 6 109 Jan. 14 129% Jan. 5 5 Jan. 7 Oct. 21 136 7 126% Jan. 13 Apr. 100% Nov. 27 106% Nov. 1 Jan. 14 108 Jan. 14 108 Jan. Jan. 5 126 19 117 11 99% Jan. 63% Jan. 90 Jan. 19 28 100% Jan. 17 Jan. 12 3 62 Jan. 14 75 Jan. 12 86 18 4 19 101% Jan. 79 1A Feb. 60 Dec. 14 99% Dec. 18 106% Jan. 4 103% Jan. 100% Dec. Jan. Dec. 29 108 84] Dec. 23 106% Jan. 86 95% Oct. 86 Jan. 12 86 Jan. 4 88% Jan. 85 Jan. 6 88 Jan. 12 85 Dec. 127 Jan. 24 128 Jan. 125 Dec. 120 Jan. 5 122% Jan. 2^ 72 Jan. 27 17 60% Jan. 27 32% 26 106% Jan. 26 126 96% Jan. 100% Jan. 91% 88% 40 100 7 12 17 28 18 6 6 Jan. 6 Oct. 19 20 4 Dec. 24 100% Feb. 68 Feb. 5 Dec. 27 107 62 Dec. 31 103% Feb. 18 57 Feb. 11 24% Dec. 28 72 27% Nov. 26 IV* Feb. 10 Feb. 11 86 Nov. 23 13 30% Jan. 15 14 23 95 4 13 3 31% Jan. "29% 72 Dec. Dec. 35', 48 120 Jan. Jan. 104% Sept. 3 111% Jan. 13 102% May 17 40 90 Sale 127 , Apr. 22 26 40 IV* 62 124 102 35% Sale 7S.....1944 A O 130% 132 5s 1 Oct. Oct. Sale 62% 3*8 1 119% Feb. 28 105% Feb. 94% Jan. Sept. 13 Dec. 31 100% Jan. J MN 5 Dec. 23% Nov. 10 Jan.* 85 Jan. 56,000 104 25 28 Jan. Leh V (N Y) 1st gu g 4H« 29 Feb. 114 31 56 Leh Vail Harbor Term 1st 8s....1954 Jan. 108% Jan. 161 Dec. 26 100% Jan. 4 92 Jan. 62 29% Jan. 99% Dec. 62 83 93 Jan. 22 65 22 • Jan. 5 103 65 A 18 7 13 Apr. 98% 99% 96% 85% 80 31 10 Jan. 78 Jan. 78 73 44,000 42,000 9,000 16,000 737,000 355,000 595,000 1,000 13,000 3 24 100% Jan. 31 30% "IF July 82% Dec. 108 146% May Sale 65 A 6 6 21 1954 1965 Lehigh ft N Y 1st gu g 4s 1945 Lehigh Valley Coal 5s 1944 1st ft refunding 5s ......1954 1st ft refunding 5s ...1964 First ft ref sinking fund 5s 1974 ♦Secured 6% gold notes......1938 M. 8 5 Dec. 20 Aug. Jan. 29% 70% F Jan. Jan. Dec. rei—Dec 31 9175 Lehigh Coal ft Na? 4%a ser A 1954 1,000 Jan. 22 18 9 19 Jan. 100 Lautaro Nitrate Co Ltd— O 12 Jan. 97 178,000 23,000 A 20 Jan. 5 11 125,000 C Lehigh & New Eng RR 4s A 11 11 Feb. 83% Jan. 62",006 Cons sink fund 4H> 1 9% Mar. 19 Mar. 25 3 108% Jan. 5 20 12 Feb. 5 Jan. 25 Jan. 21 Jan. 30% Sale 99% 102 28 89% Apr. A or. 17 452,000 36,000 28,000 15,000 ♦1st mtge Income 90 29 102% Jan. 28 101% Jan. 25 9 Jan. Lake Erie ft Western RR— 5s 1937 extended at Jan. 19 29 89% Sept. 99 Sept. I'19% Tan. 104% lOi"" 103 M 99 % 98 101 101% Sale 100% 101 99% Sale 98% 99 Sale 85% 86% 92 8 M .....1939 A 23 Mar. 10 21 98 O deposit.. .1959 Laclede Gas Lt ref ext 5s Jan. Feb. 13 98% 99 108 1st ft ref 6H* Kresge Foundation coll trust 4s .1945 1947 F 3Hs collateral trust notes 83% 42 Jan. 31 151% 151% J 8 102 19 11% June May 'Jam 27 Jan. 108% Jan. 11 23% Jan. 82% Jan. 18 S2* J .1961 27 99 2 14 Jan. 21 91% Jan. 7 91 Jan. 11 104% Aug. 14 Oct. 40 19 12 98 98 2 1961 — — 30 92% Nov. 23 108 24% Dec. 22 Dec. 95 68% Dec. 100 58% Oct. 109% 106 Apr. 102% Feb. 3 62 16 Jan. Jan. 2 Feb. 19 56 2% Oct. 18 Jan. 23 28 Feb 79% Dec. 23 102% Jan. Jan. Jan. 91% Nov. 26,106 78% Jan. 98% Jan. 29 70 69% 58% . 3 92% A %""( 29 20 21 Jan. Jan. 161 95 94 Apr. 281102 33% Oct. 19. 75 94% Aug. 10 74 Oct. 19 40 Oct. 19, 80% Feb. 11 7 14 Sale Sale 94 Sale tKreuier ft Toll class A 310,000 46 44% Dec. 84 Dec. 68 Dec. 80% Nov. Kings County Elec Lt Ac Pow— rurchase money 6s... 24,000 29,000 6,000 Jan. Jan. 19 Sale 57% .1961 ...... 19 89 .1987 J ... 21 61 stpd (par $645).....1943 ♦Ctfs w w stpd (par $925)-....1943 ♦With warrants (par $925)....1943 Keith Corp (B F) 1st ser g 6s....1946 4%a unguaranteed 4 Jan. 15 Oct. Jan. 20 Feb. 25 Jan. 20 4% Dec. 28; 17% Mar. 10 16% Nov. 22 40% Mar. 10 16% Dec. 29 40% Mar. 11 10 4% Jan. Sale J i Kentucky ft Ind Term 1st 4%a.. 1961 ~i",66o 3 A w w Kentucky Central 1st gu 4s 17 3 P J I Kansas Gas ft El ist mtge 4Ha..l984 J VI A ♦Karstadt (R) Inc 1st Mtge 6s 1943 1,000 14 6 Jan. J 80% .... ♦Ctfs 22 19% Jan. 5% Jan. Jan. 72 Jan. 86 A 1990 {♦♦K C Ft S At M ref g 4s 193s ♦Ctfs of dep (Bankers Trust). Kan City South 1st g 3s.... 1950 Ref ft Imp 5s April 1954 Kan City Term 1st 4s 1964 37",666 19 100% Jan. 54% Jan. 80% Jan. 49 Jan. 95 N P Kanawha Ac Mich 1st gu g 4s 149,000 38,000 76,000 281,000 73,000 67,000 Oct. Jan. Jan. 13 56 28 19 25 Jan. 97 98% Nov. 23 5 80% Jan. 87% Jan. 54% Jan. 88 Jan. VI !•«« femes Franklin ft Clearf 1st 4s. Jones At 67 5 88 Sale .... 1951 50 Jan. 17 Sale M 15 10 15 16 49% Jan. 17 Jan. Jan. Jan. 95% Jan. Mar. 46% 47% 13% 49% 2 Jan. 12 Feb. 9 105% Jan. 108 Jan. 98% Mar. 101 5 53% Jan. 51% Jan. 17 Dec. 29 91% Dec. 29 87% Dec. 9 108 Jan. 30 104% Dec. Dec. Oct. Dec. Dec. 5 62% 53% J 25 7 Sale 5 17 Sale 42 20 Jan. Sale 17 \ 13% Jan. 5 100% Jan. 31 105% Jan. 4 109 98 25 3 102% 89% 2 16 92% 23 98% 10 100% 2 101% 96% Nov. 5 107 12% Dec. 30 43 "17 13 98% 100% 100 18% 28 Jan. 87 48 Sale 50 53% 74% Sale Sale Sale 100 % 100 H M N Sale 100% Jan. 103% Jan. 48% Jan. 16% ~23~~ Sale 72 ....... 2,000 192,000 13 107% Jan. Jan. 87 25 100 100 % 49% ♦1st ft ref 4s 8 22 105 96 Sale 12% 1952 177,000 {♦Internet Gt Nor 1st 6s A ♦AdJ mtge 6s series A.July 1 1952 67,000 1956 ♦1st mtge gold 5s series B 82,000 1956 ♦1st gold 5s series C.. 82,000 1944 415,000 Internal Hydro El deb 6s....... 1941 87,000 Int Merc Marine 1st s f 6s Intern Paper con? 5s series A... 1947 111,000 1955 Refunding 6s series A. 216,000 15,000 Int Rys of Cent Amer 1st 5s B__. 1972 1947 First Hen At ref 6H* 24,000 1952 334,000 Internet T At T deb g 4%a Conrertlble debenture 4%a... 1939 645,000 1955 Deb gold 5s 478,000 21,000 40% 36% 106% 104% 8 Jan. 104 {Iowa Central Ry— 57,000 83% Dec. 4 Jan. Sale 36% Sale 75 Jan. 73 72% 50 S.Q 1947 AO ... Dec. 80 21 Jan. June 44 Stamped extended to .......1942 48,000 72 21 88 i 80 Int Agrl Corp 1st At coll tr 5s— 38,000 Jan. 70 80 ♦Certificates of deposit deb 4s May 80 90 ♦Certificates of deposit..... ♦♦14-year 4% notes...........1932 ♦♦14-year 7% notes 1932 con? 8 Nov. 75 ..... Xlnterboro R T 1st At ref 5s.....1966 Interlake Iron 13 93 80 Indianapolis Union Ry— 1986 Steel 3%» series D.......1961 21 Jan. .1 80 ....1963 B Jan. 2 104% Jan. 80 Jan. Dec. 29 32 82 80 65 50"" 6 4 Mar. 10 Jan. 15 Jan. 13 Dec. 56 103 82 J Jan. Jan. 17 11 103% l series C Ref & lmpt mtge 3%s a®' 26 19 4 June 18 Dec. 2 111 Dec. 2 107% 96 Nov. 17 107% 92% Mar. 12 93 50% Dec. 4 95 44% Nov. 23 96 90% 49 Dec. 17 90 41 Dec. 29 12 28 36% Sale Sale 23 21 97 38 Jan. 7 11 13 93- 60 55 "44" 1963 Illinois Steel deben 4Ha........1940 Ind Bloom!ngton At W 1st 4S....1940 Ind III At la 1st gold 4s 1954 t+fndlanapol k Louis? 1st gu 4s 1956 4 H* 17 40% Jan. 48 Sale 62% 3%■-. Joint 1st At ref 5s ser A 19 93 93 Sale 47% 111 Cert At Chic St L At N O— 587,000 •332,000 57,000 17 Jan. 99 Omaha Dl? 1st g 3s.... 5,000 17 Jan. 93% Jan. 7 Jan. 88 Sale Prices 96% Oct. 20 103% Jan. 28 Oct. 19 57% Jan. Jan. 116% Mar. 30 124 48 Oct. 19 85% Jan. 36% Jan. 14 Oct. 19 Jan. 101 % Mar. 23 110 10 Jan. 98 17 Jan. 98 56 3 23% 27 108% 18% Jan. 106% Jan. Jan. Jan. 10 120% 26 Jan. 52 99 99 "54" 1953 ......1951 St Lou Dl? At Term g 3s ......1*51 Gold 3 Ha 1951 Sprlngf Dl? 1st g 3 Ha 1951 Western Lines lsv g 4s.... 1951 Louis? Dl? At Tor g 2,000 99 93 Jan. 120% Jan. 103 93 A I 75 103 98 M N Cairo Bridge gold 4s 22 52 % M N V 99% Jan. Sale 22% 120 I 1 Sale 100 Sale 30% M N ..1952 1953 Refunding 5s............. 1965 44-year 4Ks ............-196* Purchased lines 1st Sale 108 MN 53,000 Houston Oil sink fund 5%« A...1940 J D 178,000 Hudson Conl 1st i f 5s serlss A—1962 MN Hudson County Gas 1st 5s 1949 2,000 F A 156,000 Hudson ft Manhat 1st Ac rof 5s A.IV O ♦ Adjust Incoms 5a ..Fob 1957 378,000 o 1970 191,000 Illinois Bell Telep 3 Ma aer B J 1,000 Illinois Contra! 1st g 4s. .......1951 J 1st gold 3 Ha. 1951 7,000 A O Extended 1st g $%■ 1951 1st gold 3s sterling...........1951 Highest Sale Prices Sale Prices Jan. 17 4 101 3 28 30% Jan. Sale Prices Ask Ask Bid Lowest Highest Lowest Jan. 31 3 Jan. EXCHANGE YEAR 1937 RANGE FOR PRICES IN JANUARY SALES IN Dec. EXCHANGE—BONDS N. T. STOCK FEB., 1938] 12 3 31 104% 7 135 116% Mar, 24 124 % 67% Oct. 20 100% 2 19 13 25 7 23 Feb. 25 Jan. 11 Jan. 5 Jan. 22 26 N. T. STOCK EXCHANGE—BONDS SALES IN Dec. 1937 ■ BONDS Jan. 1938 PRICES IN JANUARY N. Y. STOCK EXCHANGE $ 109,000 Louisville Gas & Elec 3%a 20,000 Lou & Jeff Bridge gu g 4i 298,000 37,000 83,000 38,000 170,000 30,000 1940 o 2003 o Lower Austrian Hydro-Elec 4 %a -1944 F 16,000 McCrory Stores Corp s f deb 5s..1951 206,000 McKesson A Robblns deb 5lis 1950 36,000 Maine Central RR 4s aeries A....1945 Gen mtge 4lis series A 39,000 .....1960 1,000 ♦(♦Manatl Sugar 1st s f 7 lis 1942 399.666 121,000 32",000 80,000 101,000 73,000 44,000 9,000 14,000 12,000 127,000 104,000 1st ext 4a T.666 13,000 15,000 220,000 92,000 237,000 106,000 110,000 52,000 33,000 116,000 89,000 14,000 541,000 482.000 14,000 204,000 17,000 345,000 204,000 379",000 39,000 4,000 20,000 203,000 150,000 1,000 21,000 108,000 35,000 184,000 9,000 10,000 38,000 56,000 19,066 153,000 70,000 146,000 8,000 42,000 126,000 3,000 447",660 193,000 35,000 87,000 576",660 319,000 "5",660 1,000 42,000 19",066 5 22% Jan. 3 31j Jan. 3 Oct. 2 Oct. Sale "99"" J 72 99 90 85% 90 80 70 80 25 81 Sale 25 76% 26,000 ~6~, 606 14.000 36",660 "6",000 255,000 105,000 85 70 Jan. 6 Jan, 24 11 96% Jan. 28 107% Jan. 102 % 102% Sale 101% Jan. 6 5% 6 6% 5% Jan. 5 81 96% 108 101 Sale 1% 2 2Ji 89% 97% 84 3 108% Sale 102 f8* 27 8 89 Jan. 10 9 Dec. 8 Dec. 30 Dec. 6 99 Jan. 14 3 Oct. 108% Jan. 14 28 18 12 102% Jan. 21 6% Jan. Jan. Jan. 10 Jan. Jan. Jan. Jan. 10 103 Jan. 20 89% Jan. 26 19% Jan. 13 10 102 Jan. Jan. 3 101% Jan. 60 Jan. 8 101 99 Sale 60 95 D 75 40% 83 40% 15% Sale 8 60 15% Jan. Sale 21 Jan. 31 3 34 47 28 67 68% 54% 45% Sale 3% Jan. 5 11 Jan. 12 6 28 7% 13% 5% 5% Jan. Jan. Jan. Jan, 10 Jan. 30% Jan. 25 27 67 48 40 19 97 Oct. Sale 37% Jan. 25 Sale 31 35 Jan. Jan. 25 49 Sale 19 Sale 18% Jan. 26 20% Sale 17% 19 6% Sale 20% Sale 18% Jan. 5 8 20% Sale ♦General 4s 18 ..1975 MS ♦1st A ref 5s series F 1977 M N ♦Certificates of deposit.... G 7% Sale 20% Sale 18 MN 1978 ♦Certificates of deposit....; ♦Convertible gold 5 lis 1949 MO ♦1st ref gold 5s series H 1980 A A ♦Certificates of deposit..... 18% Sale ♦ .... I 1981 UN ♦Certificates of deposit ♦Refunding A Improv't 4lis ..1977 M S ...1938 M S Mohawk A Mai 1st gu g 4s 5% 1991 M S Monongahela Ry 1st M 4s ser A..1960 MN Monongahela West Penn Pub Serv— Sale Sale KB"*1?* 20% 17% Sale .... 5 Sale 21 Sale Sale Sale 17% 20% 17% 88 19% 68% 105 20% 21% 75 17% Sale 12% 16% 12% 17 ----- 107 Jan. 26 6% Jan. 19% Jan. 5 Sept. 9 Oct. 25 8 Oct. 32 24 10 Oct. 41% Jan. Jan. 28% Jan. 95% Jan. 4 3 5% Dec. 25 32 43 37 38 19% Jan. 18% Jan. 24 Jan. 29 11% Jan. 26 88% Jan. 99% Jan. 73% Jan. * 56% Jan. 54% Jan. A 65% J D 22% 24 97% 100% 99% Sale MN M N J Sale J ♦4lis July 1914 coupon on -.1957 J ♦4lis July 1914 coupon off ..1957 J ♦Assent warr A rets No 4 on. 1957 105 71% Jan. 23 Jan. 7 79 56% 53% 61% 65 22% Sale 97% 100 99% Sale 102% 103 48 Jan. 113% Jan. 61 29 104 5 94% 92% 12 100% 31 73% Jan. 5 20 18 Jan. Jan. Jan. Jan. 27 71% Jan. 3 27 24 61 7 AO A O J J A O A 1% 2% 2% 1% O on. 1951 Nat Steel 1st coll mtge a f 4a.._..1965 J D (♦Naugatuck RR 1st g 4s 1954 M N Newark Consof Gas 5s .....1948 J D (♦New England RR cons 5s J guarl945 J ♦Cons guar 4s J 1945 J For footnotes, see page 30. 2% 2% 1% 1% 107 2% A* Sale 80 lit" 119% 20 52 25% 33 1% 1% 1% 1% 49 Jan. Jan. 79 74 80 74 70 59 14 15 29 5 68 §9% 98 Jan. Jan. 100 18 55% Jan. 19 113% Jan. 22% Jan. 8% 9% 78 105 19 Jan. 5 27% Jan. 12 99% Jan. 103 Jan. Jan. 19 24 106 Jan. 6 Sate 5 2% 1% Jan. 14 2 2% 2% Jan. 80 47% 29% 1% Jan. 104% Jan. 1% Jan, 47 54% 39% 39% "98% 111% Oct. Oct. Dec. Mar. Jan. Jan. Feb. Jan. Jan. Jan Jan. Jan. Jan. Feb. Feb. Feb. Jan. Jan. 22 19 8 22 22 22 20 19 22 21 22 22 4 6 20 19 17 12 4 Apr. 2 108% Jan. 9 Dec. 30 110% Jan. 14 Dec. 17 99% Feb. 3 June 30 104% Jan. 21 Aug. 4 85% Feb. 8 Nov. 3 86% Feb. 25 Apr. 2 80% May 7 Jan. 15 Jan. 9 Feb. 3 Feb. 5 112% Apr. 6 119 Jan. 4 106 Sept. 25 111 Jan. 14 70 Dec. 9 22% Dec. 29 Jan. 98% Jan. 63% Jan. 29 101 17 19 22 13 Aug. 27 95% Nov. 23 107 Jan, 100 Oct. 19 106% Jan. 1% Dec. 1% Jan. 47 19 18 4 19 Dec. 9 84 Dec. 16 97% Dec. 30 102 47% Dec. 30 97 95 3 101 Dec. Nov. Feb. 48% 45% 18% 48% 46% 49% 100 97 Apr. 29 1% Dec. 17 116 §8* Mar 4 104% Sale 65 24 31 '4 1% 2% 2% 1% 45% Feb. Oct. 19 Nov. 8 Dec. 29 87 J ♦4s April 1914 coupon on ..1977 ♦4s April 1914 coupon off .....1977 ♦Assent warr A rets No 5 on. 1977 Nat RR of Mex prior lien 4|i s— ♦Assent warr A rets No 4 on... 1926 ♦4s April 1914 coupon on .....1951 ♦48 April 1914 coupon off .....1951 ♦Assent warr A rets No 4 Dec. 28 15 1 J 80 74 17 21% Jan. 14% Jan. 14% Jan. 22 107% Jan. Feb 79% Mar. 48% Jan 92% Aug. Sale J Jan. 20 11 .....1941 MN F Jan. 8 25 88% Feb 76 Nov. 22 Dec. 29 Nov. 20 Nov. 8 Nov. 8 Nov. 6 14 53 19 4% 18% 17% 18% 18% Jan. 6% Jan. 11 49% Nov. 26 Nov. 23 18% Dec. 29 23% Jan. 7 2 96 Sept. 27 61% Mar 11 96% Jan. 20 19 18 23% Jan. 27 113% 114% 113% Sale Dec. 28 8 Jan. 59% June 18 Nov. 29 68 4 17 IV* 70 Nov. Nov. 19% 11 66 Oct. Jan. 30 Nov. 94 J 8% Mar. 6% Dec. Jan. 3 1 1 4 7 37% Jan. Jan. 28 9 8 Mar. IS 19 Sale 91 90% 100% 100% Sale 77% 73% Sale Sale 10 14 23% Jan. 21% Jan. 21 Jan. 21% Mar. 24 39% Jan. 23% Jan. 8 57 Oct. 22 101 % Jan. 90 Jan. 60 9 Oct. 23% Jan. Sale 49% Sale 3 3 102 71% 85 99% Feb. 25 91 % Feb. 24 9 46% Jan. 4 16 79 ....1955 Morris A Essex 1st gu 3lis.. 2449 Conatr M 5s ser A............1955 MN Constr M 4lis ser B.......... 1955 MN Mutual Fuel Gas 1st gu 5s 1947 MN 9 Dec. Dec. Jan. 19% Jan. 18% Jan. 4% Jan. 19% Jan. 4 102% Sale 82% 75% Sale 6 Jan. 7 Jan. 4 June 21 Dec. 25 102 1955 Jan. 90% Jan. May W4 75 78 92 108 Jan. 18 104 90 Dec. Dec. 5% 18% 17% 18% 102 1955 Nashville Chat A St L 1st 4s A..1978 Nassau Elec guar gold 4s stpd...1951 National Acme 4lis extended....1946 National Dairy Prod deb 3 lis w w *51 Nat Distillers Products deb 4|is.l945 National Rys of Mexico— ♦4lis Jan 1914 coupon on. ..1957 18 25 Sale 100 105% May 21 90 Sept. 17 110% Jan. 80 Oct. 60 88 18 19 ... Mo Pac 3d 7s ext at J 4% July 193S J (♦Mobile A Ohio gen gold 4a 1938 M S ♦Montgomery Dlv 1st g 5s 1947 F A 5% notes 18 July 30 105 Jan. 41 A.....1966 F 8 Oct. Jan. Jan. 34 23 5% Jan. 28 Nov. 34% Jan. 53 32 O ♦Certificates of deposit...... 34 Sale 49 A 1 9 27 98 11 6 Sale 40 Nov. 12 95 J D 38% 25 16% Jan. 26 21 Jan. 60% Jan. 66 J 5% Dec. 29 1% Oct. 25 4 1941 MN J 100 11 5% Jan. 9% Jan. 3% Jan. 3% Jan. Term J 19 107% Feb. 12 3 3 Jan. 7 J Jan. 20 109% Feb. Nov. 23 104% Jan. Dec. Jan. 8% Jan. 6 J 8* 102 88 102 19% Jan. 5% Jan. 2% Jan. o Prior lien 5s series A.........1942 J 12 12 14 Jan. 13 Jan. 13 June 16 90 June 22 78% Mar. 6 41 Jan. 11 100 Mar. 3 103 Jan. 25 Jan. 90% Jan. 90 Sale 40-yee*'4s series B .......1962 Pr Hen mtge 4lis ser D 1978 ♦Cum adjust 5s series A Jan 1947 (♦Missouri Pacific RR Co— ♦1st A refund 5a series 90 77 2% (♦Missouri-Illinois RR 0a ser A...1969 J Mo Kan A Tex 1st g 4s ..1990 J 4 102% Oct. 21 99 24 ? J 8 82% Jan. 102% 87% 17% 100% 100% Sale D 1939 24 100 104 91 J 1947 M 3)4al941 I 6 Jan. 89 103 19 27 2% Mar. 16 2% Jan. 13 9% Sept. 27 Jan. »= 20 Oct. 19 Dec. 29 2 76 Jan. Jan. Sale 85 70 2 14 15 Jan. 0 3 28 5 Jan. Oc* Jan. 3 106 2% Dec. 29 24 Jan. Jan. Jan. Feb. 5 2 4 4 7 18 23 5% Nov. 26 105% July 13 Dec. 7 105% Jan. 20 5 Nov. 4 86% Feb. 23 Jan. O Cent Dec. 7 32 j 1978 ♦Sec Jan. 91% Jan. 4 Sale Sale ser 28 29 12 43 Sale ♦1st A ref 5s Jan. Jan. Jan. 1949 ser 12 7.98 18 Jan. 86% 25* ♦1st cons 5a gtd as to lnt......1938 ♦1st A ref 6s series A 1946 ♦1st A ref g 5s Jan. Jan. ♦25-year g 5lis.. ♦1st ref 5|ia series B A 6 Jan. D f 4s 3 11 Jan. Jan. ...1938 M Jan. 80 55 1949 M ... "4", 660 98 Jan. 111% Jan. 45 (♦M St P A S S M 4s stpd guar...1938 Mutual Union Tel 5s.... 31,000 195,000 11 28 6 A........1942 Gen A ref 5s series B Gen A ref s f 4 lis ser C Gen A ref a f 5s ser D 146",606 Jan. 3 112 19 1st mtge 4lis 108,000 ........1960 6s debentures 47.000 ...1965 207,000 Montana Power 1st A ref 3%i...l966 59,000 Mont Tram 1st A ref 5s series A..1941 General A refunding 5a 1,000 A.....1955 "2", 066 a99 80 106% Jan. 74% Sale Sale Jan. 9 s Dec. 29 98 5% Apr. 13 111% 5% Apr. 30 96% 0% May 3 115 4% Dec. 30 100% 9% Apr. 29 115 3 Jan. 23 99% 9 Jan. ..1939 J P A S S Chic Term 6 Jan. Mlssour-Kansaa-Tszas RR— 217,000 106,000 36,000 297,000 112 55 st 11 12 54 3 St Jan. 70 (♦Minn A St Louis 5s ctfs.......l934 MN (M Jan. 81 Nov. 23 109% Jan. Nov. 26 111 Jan. 48 1971 J ♦1st cons 5s 90 107% Jan. • O B1941 J ♦1st A refund gold 4s ♦Ref A ext series 5s 2% Dec. 30 108% Jan. 5 Dec. 7 103% Jan. A 1940 A Con ext 4lis (♦Mil Spar A N W 1st gu 4s (♦MIIw A State Line 1st guar 8 5 57 1979 J 1st ext 4lis 1,000 95,000 3 5 91% 1951 M S 1952 MN 4|is (1880)..1934 3 D on).....1977 M S ♦Mlag Mill Mach 1st s f g 7s 1954 J D Michigan Central-Detroit A Bay City Air Line 4s J ..........1940 J ext 26 Jan. D A ser 29 Jan. 93% Jan. 29 28 99 % 100 100% Sale 98% Sale 1977 M S 1st mtge gold 5s Jan. 106 J ♦(♦Met West Side Slav (Chic) 4s. 1938 F Ref A Imp 4|is series C (♦Midland of N J 1st ext 5s Jan. 75 Sale Prices Sale Prices 99 % June 28 103 Dec. 4 Mar. 16 112% Jan. 4 10 10 1937 Highest J 8 Jack LAS gold 3|is 1st gold 3 lis Jan. YEAR Lowest 92% 84 % M N 26 105 20 102 101% Jan. Jan. 99J 86 84 111 98 Sale Prices 105% Jan. 76 111% 106% MN Metropolitan Edison 4Hs ser D..1968 M Water, Sewer A Drain 5lis..l950 (♦♦Mil A Nor 1st 90 Sale A Met MllwRlRy A Lt 1st A ref 6a 83 1939 MN 1959 MN ♦Mex Internat 1st 4s asstd ♦4s (Sept 1914 coupon 9,000 Sale Sale (♦Man G B Ac NW 1st gu 3lis... 1941 I J Marlon Steam Shovel a f g 6s. 1947 A G Market Street Ry 1st 7s Apr 1940 Q 3 Mead Corp 4s with warrants.....1945 MN "7",000 Sale "86" *96" 2013 J D 1953 M 8 Manila El Ry Ac Lt 1st 5s Manila RR South Lines 1st 4a 103 97% ♦Certificates of deposit..... (♦Manhattan Ry (N Y) con g 4s..1990 AO ♦Certificates of deposit..... ♦2d 4s 2,000 1,000 Sale Mob Ac Montg 1st g 4%« 1945 M S South Ry Joint Monon 4s.....1952 J J Atl Knox Ac Cln dlv g 4s 1955 MN Highesi Sale Prices Ask Sale 90 80 % 1st & ref 3lis series E.........2003 o Paducah Ac Mem Dlv 4s A 1944 St Louis Dlv 2d gold 3s.......1980 M 8 RANGE FOR Lowest 103 102% Jan. 29 103% Jan. Jan. 22 107 105% 106 Jan. 101 109% o 2003 31 Ask Bid Sale J 2003 1st flc ref 5a series B 1st Ac ref 4Hs oerlea C 1st & ref 4s ser D "V.666 6,000 16,000 6,000 Bid 1966 M S 1103 H 1945 M S 106 to Louisville & Nashville RR— Unified gold 4s jkn. Jan. 3 2 5 4 Apr. 29 4 Afar. 31 2% Aug. 19 6% Jan. 9 5 1% Oct. 2% Sept. 23 Jan. 17 1% Dec. 29 6% Jan. 15 10 2% Jan. 24 2 7% Jan. 11 14 1% Jan" 14 31 107% Jan. 5 Nov. 24 4 1 % Dec. 29 6 102% Apr. 8 107% 65 Oct. 19 93% 116% Oct. 28 122% 52 Aug. 27 82 25 Dec. 28 Mar. 31 Jan. Jan. Jan. Jan. Feb. 74% Feb. 18 2 23 14 1 2 N. Y. STOCK FEB., 1938] SALES IN 1937 Dec. Jan. PRICES IN JANUARY BONDS 1938 n. 7. stock ft exchange S 67,000 20,000 4l",666 47,655 New England TAT lit g 4 1952 .......1961 3f-yr Sa A 5,000 49,000 69,000 125,000 24,000 8,ooo 116,000 14,000 aerlea B 121 : 23,666 41,000 137,000 15,000 32,000 97,000 1,000 5.000 Sale 107'" MN 120 H 107 H 65 a a o lat 4a...... 1986 414a 1969 New Orleana Great Nor 5a aer A.. 1983 N O A N'eaatern ret IHi aerlea A.1952 New Orleana P S lat A raf 5a A...1952 j j 45 97 33 34% 42 "31% ni 49 Sale 28 H 32 H .—--1945 j"j 110% Npt A Gin B pen gu g 4%a 513,000 366,000 410,000 491,000 1,060,000 235,000 •r -' 46,000 551,000 101,000 /<■ n.ooo 238,000 731,000 159,000 113,000 27",666 3b",6oo 70,000 5,000 229,000 182,000 16,000 15,000 359,000 286,000 598,000 692,000 397,000 280,000 23,000 594,000 33,000 8,000 F Cony secured 3%«—-----——1952 Debenture 4s New 1998 .1998 York Chicago A St Louis— M N M Jan. 28 Jan. 7 Jan. 28 35% 34% Jan. 28% Jan. 13 27 35% 32 31 42 35 11,000 33,000 38.000 83,000 160,000 158,000 573,000 136,000 192,000 421,000 19,000 477,000 142,000 2,000 3,000 83,000 1,000 33,000 27,000 44,000 50,000 32% Jan. 111% Jan. 278,000 70,000 14,000 231,000 170,000 83,000 8,000 23,000 22,000 205,000 247,000 "~6~, 006 ~6", 666 578,000 120,000 13,000 55.000 133,000 194,000 131,000 10,000 69,000 117,000 170,000 59,000 14,000 82,000 126,000 173,000 55,000 10,000 213,000 147,000 20,000 84,000 177,000 74,000 73,000 182,000 54,000 "5", 666 5,000 Jan. 25 82 Jan. 3 82% Jan. 28 Jan. 91% Jan. 65% Jan. 12 59% Oct. Sale 87 H Sale Sale 94% 96% Sale 680,000 535,000 125,000 704,000 13.000 1,000 10,000 2,000 296,000 134,000 101,000 47,000 229",005 32,000 106,000 "3",000 176,000 113,000 41,000 2,000 29,000 28,000 4,000 329.000 70,000 180,000 242,666 298,000 310,000 36.000 45,000 ♦Non-cony debenture M Sale 79 75 ♦Non-cony (Prior Hen 4s stamped........1958 1951 Jan. Jan. Jan. Jan. 13 13 11 17 11 89% Nov. 23 105 95 Dec. 28 108% 59% Oct. 19 96% 80 Nov. 30 98% 78% Dec. 24 97% Jan. 21 94% 98% 68% 82% 29 84 Jan. 22 74 Jan. Jan. 21 51% Jan. 28 93 80 69 43 Jan. 19 62 Jan. 3 Sale 57 Jan. 24 77 Jan. 3 88 Jan. 12 90 Jan. 3 Oct, 71% Nov. 87 Dec. 83 Jan. 26 95% Jan. Jan. 27 108 Jan. 7 106 Jan. 28 109% Jan. 4 108% Oct. 50% Jan. 7 47 5 Jan. 37% Oct. 19 72 Aug. 40% Oct. 20 60 2 105% Jan. 97 Apr. 8 105% Jan. 97% Apr. Sale 80" " 48 H 46 Sale" S* 49 43 IlH 90 Sale 47 47% Jan. 45 47 Jan. 44% Jan. 102% Jan. 103 Sale iS* 103 Sale 102 H 103 % 103 Jan. 123 123 % 122 % 122 Jan. 113% 114% 114% ... 84 102% _. ----- 85 Sale Sale Sale .-59 102 .... 93 % 100 113% Jan. 99 11% 92% Jan. 22 93 Jan. 22 13 19% Jan. 17% Jan. 13 20 19 14 99 I 16 Jan. 6 I 20 Jan. ,4 33 Jan. 19 10 D N S 35 J an. 4 12 Jan. 14 4 23 Jan. 12 31 13 17 4 April 1 1937 lnd coupons. 1945 4a... 1997 Id gt 3a....Jan 2447 Ref 5c Impt 4 Ha Series A 2047 Ref 5t Impt 6a Series B 2047 Ref 5t Impt 5a Series G..—.2047 Ref 5c Impt 5a Series D .—2047 Northern Ry of Calif guar 5a....1938 N'western Teleg 4Ha extended ..1944 Northern Pacific prior lien Gen Uen ry 5c b 16 j J F A f a "7% m N 43 H 106 % 4a.1948 stamped...........—...1948 Ohio Connecting Ry lat 4s..——1943 Ohio Edison lat mtge 4s....—...1965 ...............—1967 lat mtge 3%• 30. <* 107 .... Sale Sale 19* 98% Sale Jan. 92% Jan. 88% 86 106 106% 106 104% 106% 105 104% 105% 104% 11% Sale 10% Sale 6 Sale 40% Sale 106% Sale 104% 105% 104% 105 47% Sale 79 12 Sale Jan. Jan. Jan. Jan. Jan. 14 98% Jan. 24 94% Jan. 27 106% Jan. 3 j 29 106% Jan. Jan. 28 106 Sale Sale 64 Jan. 31 29 3 28 24 Jan. 70 10?* '8!jf Jan. 13 11 Jan. 18 Jan. 26 12% Jan. 11% Jan. Jan. 27 53 Jan. 13 11 119% Jan. Jan. 22 104 3 11 Sale 118% Jan. 31 5 Jan. 99 A O F A m s 103 Sale 101 Sale 100% Jan. 27 104 Jan. F A 103% Sale 102 Sale 101 Jan. 24 105 101 Sale MN 100 m 8 m 8 119% 125 115% 119 a o Sale 99% J f 92% 62% J 73 J J J 98 80 J a o J Sale Sale 77 87% Sale J 7 28 103% Jan. 12 118 116% Jan. 28 116% Jan. 28 66% 70 ----- 86% Sale 56% Sale 66% Sale 78% Sale 70 Sale 70 Sale 102 J j 11 13 j 10 12 M A MN M S J J 108] 102] 1013 96 i 10% 8 10% 108% Sale lOl"" Sale" Sale 100% 95% Sale Sale Sale 58 109% 105% 101% Sale Sale Sale 74% Feb. 4 19 104 23 109% Feb. 15 32% Jan. 21 19 Jan. 18 31 26 8% Nov. 7 82% May 45% Dec. 14 Jan. 2 Apr. 12 122 97 Oct. 21 106% Jan. 16 112 8 98% Oct. 20 105% Jan. 2 101% Apr. 7 106% Jan. Feb. 13 95% Oct. 20 107 120 July 26 125% Mar. 1 June 18 119 July 28 120 Jan. Jan. Jan. Jan. Jan. Jan. Nov. 6 112 Jan. 6 Nov. 30 110 Jan. 13 80 , 18 6 109% Jan. June 3 102% Dec. 28 104% 107 Sept. 23 107% Sept. 23 76 Nov; 27 11 Dec. 31 9% Dec. 23 9 5 11 109% June 25 112% Jan. 13 5 100% Jan. 3 113% Jan. 25 4 111% Jan. 28 110 Jan. 4 15 18 10 19 102 20 104 Nov. 1 115 110 4 115 107% June 106 Apr. 12 114 26 116% Jan. 28 118% Jan. 17 115 Nov. 24 10 117 Feb. 27 106% Jan. 31 100% Jan. 13 3 103% Apr. 99% Feb. 24 95 10 50 Jan. 18 65 54 3 103 19 24 102% Jan. 17 Oct. 98% Oct. 74% Jan. 4 Jan. Nov. 19 3 21 109% Jan. Jan.281 06 % Jan. Sale 14 11 109^32 Jan. Jan. 31 102 Jan. 105 33% Jan. 109% Jan. 29 109% Jan. 29 2 96 Oct. 19 106% Jan. 100% Dec. 18 101% Dec. 21 June 22 91% Oct. 20 100 26 Jan. Sale 16 12 2 5 Nov. 20 106 Jan. Sale 81% Jan. 83 76 10 Jan. June 22 Jan. 23 Mar. 19 70 Jan. 10 13 Jan. 28 12 3 108% Jan. 28 103% Jan. 26 102% Jan. Jan. 31 98 Jan. Jan. Jan. Jan. Jan. 12} 90] 83 87 10 Jan. 108 100% Sale Oct. 95% Oct. 9 Oct. 11 13 8% 108% 100% 99% 95% 2S* 98 13 Jan; Jan. Sale 18 Jan. 27 Jan. Sale Jan. 25 Jan. 26 22% Feb. 1® 5 2 109% Jan. Apr. Apr. 29 108% Dec. 24 Oct. Dec. 29 Jan. Jan. Jan. 18* 49 75 8 11 Dec. 29 79 64 Sale 99 101% Sale 99% 101% 100% Sale 112% 114% 111% Sale 111% 113 111% 113 109% Sale 105% 106% 117% 105% Sale 60% Sale 66 73% 106 2 7 8 88% Jan. 14 109"» 114% 103% 100% Aug. 20 105 68% Dec. 23 4 Jan. 76 Jan. D 117% 113 101 77 Jan. 27 71 64% Jan. Jan. 116 43 106 8?* 69% Jan. Nov. 16 Dec. 17 106% Jan. Sept. 11 109% Jan. 27 26 62 A D 7 Nov. 22 112% Jan. Dec. 29 82% Jan. 7 Q-J F 10% Nov. 24 10' Dec. 29 60 27 ----- 14 4 Sept. 15 107% Feb. 11 107% Jan. 26 12 27 Jan. Jan. 50 6 2 16 93% Jan. 62% Jan. 79% Jan. j 102% 2 105% Jan. Mar. 72% June 30 70 Dec. 24 70 70 70 ~ 5 Jan. 99% Jan. 125 115 70 Q Sale Jan. 30 June 100 Jan. Jan. 28 99% Jan. 7 46% Jan. Nov. 26 42% Jan. 18 1 101% Mar. 16 Dec Jan. 21 95 Dec. 28 8 13 109% Jan. Dec. 7 28 40% Jan. 106% Jan. 104% Jan. Feb. 101% Apr. 10 28 Jan. 6 18 16 17 37% Feb. 19 Feb. 18 55 Feb. 11 108% Apr. 10 11% A 18 Feb. 15 108% 51 Sale O Feb. 60 71 Dec. 70 Sale 47 45 June 25 4 14 14 N Mar. 1 46% Feb. 19 44% Feb. 16 47% Feb. 20 47 6 16 Jan., 3 11% Jan. 19 8% Jan. 12 43 Jan. 17 31 Jan. 7 24 107 105% Jan. 22 9% Jan. 10% Jan. Sale 4% Jan. 105% 104% Jan. 107% Jan. 92% Jan. 96% Jan. 10% Jan. Sale S O 16 Jan. 4 Sale Q 5 31 28 108 80 69 4a debentures........——..1946 74,000 F a 17,000 Ontario Power N F lat 5a—......1943 M N 5,000 Ontario Transmission 1st 5a.—1945 D 68.000 Oregon RR 5c Nav con g 4a.....1946 J Oregon Short Line lat con g 5a..1946 12,000 J lat guar cons 5a stamped...—.1946 24,000 J 329,000 Ore-Wash RR5cNav latOtref 4a...1961 M S 17,000 ITOalo Gas 5c Elec extl a f g 5s....1963 j 1962 152,000 Otis Steel lat mtge 4H> A 1> 5,000 Pacific Coast Co 1st g 5a..——1946 D 184,000 Pacific Gas 5c El 4s aer G— ..—1964 D 1st 5c ref mtge 3%« aer H......1961 207,000 D lat 5c ref mtge 3%s aer I..——.1966 197,000 For footnotes, see page Sale 96 % 16% m N ♦Ogden 5c Lake Ch lat guar g ♦4a 3 65 106% 106 92 H 90 15 7% Dec. 28 Jan. 78% Jan. 10% Jan. 7% Jan. 11 14 98 M n M Dec. 27 Dec. 29 Dec. 28 Jan. 8 13 65 O ♦Certificates of deposit......... A...1974 1974 {♦Northern Ohio Ry lat guar 5s. Oct 1 1934 and sub coupons... 1945 ♦Oct 1937 and sub coupons....1945 ♦Stamped as to sale of April 1 1933 18 17 Jan. Jan. Jan. \ stamped...................1946 {♦♦N Y Westches 5c Boa 1st 4Ha-1946 i Niagara Falls Power 3%s——1966 M Ntag Lock Jk Ont Pow 1st 5a A...1955 A Niagara Share (Mo) deb 5Ha....1950 M Nord Rya extl a f 6Ha... 1950 A ♦{♦Norfolk South lat 8C rei 5s A-1961 F Nov 15 1969 18 17% 16% Dec. 29 15% Dec. 29 20 Dec. 18 32 Dec. 23 7% Oct. 19 20 Oct. 19 75 Dec. 13 6 I 6a North Cent gen 5c ref 5a aer Gen 5C ref 4 H* aeries A 19% Dec. 18 11 20% Jan. 75% Jan. 8% Jan. O M N NY Tel lat 5c gens f 4Hs 1939 MN j Ref mtge 3%« series B..——1967 j N T Trap Rock lat a f g 4a 1946 j D A—1957 Aug 15 1963 Jan. Jan. 125% Jan. Jan. 5 117% 2 29 21 22 20 6 2 28 Feb. 6 Jan. 19 Jan. 4 May 27 99% July 30 102 105 Nov. 23 106% Jan. 12 9 101% Nov. 20 108% Jan. Mar. 23 98 98 Mar. 23 5 Jan. 9 97% June 15 101% 9 107 99% Apr. 82 Dec. 16 105% 1 109% 94% Dec. 26 14 103 80 5 Jan. Jan. 93 2l 20% 18% 23% 105 % North Am Edison deb 5a aer 17 78 6 106 1941 1994 1961 17 116% Apr. 17 109% Apr. 27 3 106 ♦{♦Norfolk 5t South lat g 5a Norfolk 5c West Ry lat con g 4a North American Co deb 5a 28 123% Jan. 4 114% Jan. Jan. j 72% Jan. 7 97 % ... 109% Oct. 19 .. 102 % 102% Jan. 1 Nov. 24 Jan. Jan. MN 5a.l937 1937 ♦General gold 5a.............1940 ♦Terminal 1st gold 5a. ........1943 Jan. 46 6 100% Mar. 31 105% Feb. 4 Mar. 23 109% Aug. 29 104% Jan. Jan. 3 104 18 M N ♦♦Second gold 4 Ha 49 20 53 85 100H .100 m N {♦♦N Y Suaq 5c West lat r*f g 13 27 17 * 8 6 107 % 108% 102 H 104 % 104 106 106 104 109 H a M Feb. 95% Feb. 105 Nov. 3 Sale j W 20 Jan. 23 Jan. 18 5 Feb. Jan. 11 59 M N J Jan. Sale 77 90 19% Jan. 15% Jan. 15% Jan. \ 80 Sale 62 A—1947 5s.......———1951 4a 28 Jan. 5a—..——1956 lat mtge 85% Jan. 50 lat mortgage Deb 5a aeries C 11 10 Sale Sale 1st mortgage New York Steam lat 6s aer H* aer B 84 Jan. Jan. 68 28 Corp— NY A Rich Gas lat 4s A Deb 5 Jan. Jan. 52 % 46 % 74 a ♦Non-cony debenture 23 20 Jan. 16 Oct. 19 103 9 Dec. 28 109% June . 96% Jan. 19 58 73 12 9 106% Jan. July Nov. 24 104% J 71 76% Jan. 89 % 8 ......—.1972 Ohio Indiana 5C West 5a...Apr 11938 "i",666 fOhlo Pub Service 7a aeries B...1947 1966 109,000 Oklahoma Gas & Elec 3%s 53 % 76 H 85% 85% to 801,000 457,000 159,000 687,000 34,000 131,000 5,000 85 86 28 28 51 85 S New York Railways 24,000 12,000 40,000 44,000 75,000 71 Sale Sale Sale Sale o ♦Non-cony 77% Nov. Sale 83 H 53 % 59 H 73 % J M ♦Non-cony 32 36% 17 32% 8 111% 74 Sale U N 4a..—1956 ♦Convertible debenture 3H*—1956 46,000 ♦Convertible debenture 4a—1948 278,000 ♦Collateral trust 4a.. 1940 49,000 ♦Debenture 4a...... —1957 56,000 ♦1st A ref 4Ha aer of 1927... ..1947 193,000 ♦farlem RAPt Ghea tat 4a.—1954 16,000 1992 136,000 (♦N Y Ont A West 1st g 4a ♦General 4a ...1955 41,000 {♦N Y Prov A Boston gen 4s 1942 N Y A Putnam lat con guar 4a ..1993 34,000 N Y A Queens El Lt A Pr 3Ha—1965 13,000 40,000 24,000 96,000 81.000 N a 4a..—1947 debenture 3 Ha—1947 debenture 3Ha 1954 debenture 4s...—-1955 Jan. 30 Sale N N 4a.....1941 {♦NYAN Eng (Boat Term) 4a—1939 (♦NY New Haven A Hartford— 76 52 30 Ho" M N N Y A Long Branch gen 98% 98% Sale 75 Refunding 5Ha aeries A.——.1974 a o 180.000 Refunding 4%e series C 1978 M S 600,000 3-year 6a...... ......—Octl 1938 a o 185,000 4s collateral trust —.—.1946 F a 14,000 lat mtge 3%s extended to.....1947 A O 44,000 f a 117,000 NY Connecting 1st gu 4H* A.—1953 lat gtd 5s aerlea B....—....—1953 f a 11,000 1951 f a 43,000 N Y Dock 1st gold 4a Serial 5a g notes ......1938 a o 93,000 Certificates of deposit 6,000 1965 AO 239,000 N Y Edison 3Ha series D 1st lien A ref 3H* aerlea E..—.1966 a o 78,000 N Y A Erie—See Erie RR. 1948 J D 50,000 N Y Gas El Lt Ht A Pow 5s Purchase money coll tr g 4a—1949 F A 30,000 2000 9,000 N Y A Harlem g 3Ha 18,000 N Y Lack A Western 4s aer A....1973 Guar 4Ha series B ...1973 2.000 N Y L E A W Goal A RR 5 Ha 1942 ♦Dock A lmpt 1st 5a .....1943 31 24 Sale 55 44 % 45 93% 95% 64% 81% A.——.2013 Lake 5s —.1946 50 28 83 MN 3 Ha Ref A lmpt. 4 Ha aerlea Lake Shore coll g 3 Ha Mich Gent coil g 3 Ha 29 Jan. 89% Jan. 91% 64% 71 a 1997 of 1912...——.1942 N ▼ G A H R g mtge 27 82 10-year 3Ha secured a (.......1946 a o Ref A Impt 4Ha aerlea A 2013 a o Ret A lmpt 5s aerlea G..—....2013 a o ♦N Y A Greenwood 8,000 2,000 —.—1998 Conaol 4s series A 31 90 New York Central RR— ( May 24 100 Oct. 8 101 104% Mar. 23 108% Aug. 11 Mar. 4 58 Dec. 28 98 85% Feb. 9 45 Nov. 23 Jan. 14 90% Oct. 19 103% Jan. 22 Jan.i Jan. 22 89% Oct. 19 103 Jan. 75 Dec. 7 100% Jan. 21 Jan. 51 % Feb. 4 Dec. 9 28 Jan. 11 59% Mar. 31 Oct. 19 30 Jan. 21 54% Apr. 21 Nov. 27 32 60 Apr. 1 Nov. 8 32 Jan. 17 55% Mar. 5 Oct. 20 30 Jan. 17 62% Mar. 31 Oct. 19 30 20 Jan. 57 Apr. 5 Dec. 1 32 Jan. 17 Feb. 19 113% Jan. 25 8 110 Jan. Jan. 45 Sale 27 118% Mar. 23 127% Jan. 25 ~ 125% Jan. 21 ~ 116% Apr. 64% Jan. 5 108 6 Jan. Jan. 30 "3l" 5a aerlea G... 1956 fa •lat 4 Ha aerlea D 1956 f a ♦Flrat 5 Ha series A 1954 a o ♦Certificates of deposit....... 33 60 70 59 51 ♦lat mtge gold 31 124% Jan. Jan. 8 121 106% Jan. 91% 36 54 34 C Highest 79 H 45 89 76 j o Sale Prices 94 H Sale D Highest Sale Prices 122% Jan. 120% Jan. Sale 64 Sale 96 H 108" 52 o j Lowest "95" 57 YEAR 1937 RANGE FOR Highest Sale Prices Ask 95 f N J Pow A Light lat 74,000 J 25,000 a 166,000 lat A ref 5a aerlea B ....1955 J 248,000 New Orleana Term lat 4a guar...1953 j 49,000 10,000 {♦♦N O Tex A Mex income 5a..... 1935 a •Firat 5a aerlea B.. 1954 a 34,000 ♦ Certificates of deposit....... 73,000 , Ask Bid 7 Lowest Jan. 31 122% 123 % 122H Sale d J N J Junction RR go • 3 Jan. Bid 39,000 25,000 J EXCHANGE—BONDS Dec. Oct. 20 Dec. 23 Sept. 4 Jan. 6 8 Feb. Jan 21 121% Jan 7 4 7 ,*107% Jan. 15 111103% Sept.11 26 123 29, 92% 27! 82 Jan. June 22 Mar. 24 4 4 Dec. 31 94% Apr. 24 101% Jan. 99% Mar. 23 107% Jan. Mar. 22 111 38 N. Y. STOCK SALES IN Dec. 1937 $ 12,000 Jan. BONDS 1938 73,000 69,000 35,556 42,000 52,000 82,000 Pacific RR of Mo 1st ezt 4s...... 1998 F 2d extended Hold 5s 182,000 79,000 26,000 2,000 1,000 A 1**8 J J Pact'lc Tel * Tal 3%s ser B 1966 A O Ref mtge 3%s series C 1966 J D Paducab 4c Illinois 1st s f 4 lis..1955 J J Panhandle Eastern Pipe L 4s A.. 1952 M 8 Paramount Broadway Corp— 1st mtge s f g 3s loan ctfs. .....1955 P A I Paramount Pictures Inc— 88,000 s f debenture 6s 1955 J 1947 M _ J 3%s conr debenture Paris-Orleans RRExt s f 5Ms... 1968 M Parmelee Trans cony deb 6s IN JANUARY RANGE FOR YEAR 1937 —I Jan. 3 Hid 8,000 1,000 77~,000 232,000 58,000 45,000 2,000 PRICES Is .2 H. T. STOCK EXCHANGE $ 194,000 "79", 666 EXCHANGE—BONDS S A 1944 Patorson ft Passaic G 8c B 5s 194° M •Paullsta Ry 1st ft ref 7s ser A... 1942 M Jan. 31 Ask Hid 82 Ask 88 70 % 76 65 85 92% 103% 104% 102% 103 102 Va. Sale 104% Sale lo3 109 99 103 59% 63 •S.Jt Prices Jan 29 82 Jan. 0 Jan. 19 70 Jan. 19 103 Jan. 102% Jan. 25 104% Ja 1 ,1 28 104% Jan. 99% Sale 61 99% 3 75 ..... Jan; ""7 I66%"Jan;"Ii 59% Jan. 70 4 61% Jan. 19 Jan. 4 Jan. 27 97% Jan. 74% Jan. 17 15 Jan. 14 92 Jan. 13 Jan. Jan. Jan. 3 45 Jan. 10 21 118% Jan. 26 70 Jan. 8 26 Highest Salt' Prices cei 78 90 91 Sale Sale 71% 73% 71% 72% 71% 92 Sale 91 89% 94% 41 Sale 38% Sale 38% 116 122 118% 118 118% 79% Sale Pr I.owes 1 70 91 % ..... Highest 109 59% ..... LuWeSl Stale Prices Dec. 16 102% Jan. 7 4 Sept. 15 102% Jan. 99 Apr. 10 105% Jan. r4 98% Apr. 9 104% Dec. 22 108% Aug. 13 108% Aug. 13 97 Oct. 19 101% Sept. 7 84 95 59 Dec. 14 75% Mar. 17 88% Dec. 29 105% 71 Dec. 28 96% 90 July 20 103 37% Dec. 31 77% 116% Apr. 12 122% 80 Nov. 24 96 Feb. 10 July 22 Jan. 28 Jan. 14 Jan. 13 Aug. 20 Pennsylvania Co— 7,000 16,000 Guar 3 Ms coll tr ctfs ser B 1941 F Guar g 3%s tr ctfs series G...1942 J Guar g 3%s tr ctfs series D...1944 J 8,000 ' 2,000 245,000 133,000 13,000 2,000 7,000 187,000 46,000 5,000 158,000 218,000 538,666 554",066 3,000 10,000 30,000 285,000 147,000 636,000 263,000 438,000 596,000 146,000 1,004,000 41,000 63,000 33,000 250,000 96,000 2,000 58,000 11,000 45,000 2,000 144,000 62,000 258,000 1,051,000 5,000 7,000 4,000 8,000 404,000 317,000 360,000 655,000 113,000 30,000 124,000 14,000 35,000 5,000 4Ms series B.................1981 J Penn Pow A Lt 1st M 4%s 1981 A "i",000 36",555 .8,000 9,000 11.000 60,000 1,000 55,000 16,000 M V 1970 A 1965 Gen mtge 4 Ms series E Cony deb 3Ms 1984 1968 1981 1952 A 1943 194? 1941 \ *!£?nT*rt,b,e deb 4« £;„Pbll|PP«n® Ry 1st 30-yr s Plllsbury Flour Mills 29-yr 4s 26",555 40,000 17,000 49,000 82,000 401,000 37,000 220,000 80,660 461,000 140,000 305,000 48,000 23,000 14,000 424,000 210,000 194,000 221,000 40,000 6,000 1,000 44,000 50,000 24,000 3,000 iT,555 3,000 153,000 105,000 20,000 ~8~,666 42,000 108,000 7,000 1,000 11,000 92,000 106,000 103,000 2,000 D >1.N . J J J D • O M S j • q 6 j O ££*■ Va A Char p.!!* Pitts Y ser MN J D < J M is D Head Co 80 Jan. 27 104% Jan. 20 102 cony I 6s.11942 J ' coll 5s_. .1953 •' J 4s... 1956 M ' ... 1) « « J 1 1997 F ( 117 Ho" 116% 112% 115 110% 116% 104% Sale 89 3 3 11 116% Jan. 112% Jan. 22 31 22 29 29 60 17 Jan. 28 Jan. 8 8% Jan. Jan. 14 Jan. 18 21 5 69 Dec. 76 3 68 100 104 '888 Sale _____ "78" 49% 49% Jan. Jan. Jan. Mar. 11 Jan. 7 Jan. Jan. 9 17 113 Jan. 19 19 9 26% Feb. 25 2 4 14 109 Jan. 4' 24 7109 5 3 107 87, 19 102 19 13 11 Dec. 4 116 8 12 Jan. 19 106% Jan. 19 11 June 25 106% Dec. Oct. 19 50% Feb. 23 3 Oct. 3% Dec. 29 26% Feb. 30 31 8 Oct. 106 Jan. 108% Jan. 98 Jan. 27 112% Ja^ 27 112% Jan. 26 104% Jan. 106 Jan. 28 50 Jan. 5)% Jan. 109% Jan. 106 6 14 4 Jan. 28 27 55% Jan. 55% Jan. 26 Iu9% Jan. 2l 27 21 17 ..... 85% Jan. 75 8 8 Jan. 31 26 110% Jan. 20 Jan. Jan. 83% Jan;" 19 6 101 Mar. 18 129 Dec. 4 119 Dec. 21 117 Jan. 5) 59 60 Jan. Jan. 2 103% Jan. 97% Nov. 24 119% July Aor. 17 113% Jan. x07 311110 122 Jan. 107% 105 106% Sale 104% Jan. Jan. 9 4 5 0 4 5 23 12 12 Jan. 10 107% Jan. Jan. 26 20 Jan. Jan. 271 5% Jan. 106 Jan. 28 Jan. 25 6 Jan. 25 99 14 76% Nov. 24 106 107% Jan. 28 Jan. 105 Il6 Jan. 25 '114% Jan. 12 Jan. Dec. Jan. 25 109% Jan. 28 95% Jan. Jan. 5% Oct. Jan. Jan. Jan. Dec. Jan. Jan. Jan. Aug. 23 19 106% Jan. Mar. 17 112% Jan. Apr. 27 116% 109% Apr. 28 116% 89% Oct. 19 103% 115% Mar. 18 126 100% Nov. 29 115% 105% Nov. 26 123 86% Nov. 26 107 95% Nov. 26 111% 95% Nov. 26 111% 82% Oct. 19 111% 116% Dec. 15 121% 2 117% 108% Dec. 60 0 June 23 96% Oct. 75% Jan. «S6% 28 Jan. Jan. 108% Jan. 109% 3 10 10 64% Jan. 80 12 Jan. 28 28 19 Mar. 2 8 7 109% Dec. 21 6 102 Sept. 4 Dec. 30 100% Aug. 10 107% Mar. 17 111% 109 Apr. 13 113% 106 Oct. 13 113% 110% Oct. 11 113% 108 Mar. 16 112% 110 Aug. 23 111 109 Mar. 30 114% 109 3 114% Apr. 113 Mar. 25 125% 111 8 124% Apr. 8 124 108% Dec. 6 123% 108% Dec. 101 Nov. 24 107% 112% Jan. 15 113 64% Oct. 27 96% Feb. Jan. 3 11 Jan. 15 Jan. 28 Jan. 22 Mar. 10 Jan. 29 Feb Jan. Jan. Jan. Jan. 2 15 12 15 0 Apr. 13 20 Jan. Feb. 5 Jan. 28 60 Dec. 23 50 Dec. 29 75% Jan. 14 108% Feb. 20 88i Jan. 27 Jan. 19 19 45J 96 0 97% Feb. 108 May 13 110% Mar. 10 4 119% Apr. 16 124% Feb. ..... 50% Sale 49% 103% 104% lu3 % 45 51% 44% 12% Sale 13% 104% Sale 76 reff 'si* 81 5% Sale 106 Sale Sale 10 5% Sale "84"" ' 9% 84% J 10 Jan. 29 84 Jan. 73 81% 5! Aur. 106 Jan. 5 Nov. 100 Feb. 4 Dec. 85% Jan. 84 Dec. 28% Feb. 20 90 Feb. 101 Mar. 25 0 75 Dec". 126% Jan. 13 74 Dec. 80 13 7 83 82 Jan. 104% Jan. 108% Jan. 28 93 Jan. 4 90 90% Sale 90 Jan. 28 95% Jan. 11 92 110 112" 112% 112% 78 Sale 104% 106 78 Sale 100 99% 100 32 26% Sale 40 68% 26 40% 42 42 21% 15% J 1941 J J J 1947 J D A (J 4%s..Il966 J J O iV' 101% 100% 108 ... ... 75 100 99% Jan. z28% Jan. 41 40% 15% 119 117% 118% 109 108% 116"" 108% 11 9% 10% 9% 23 19% 22 20% 10% Sale 14 10 8% 10 9H 32% 32% 9% 14 12% 22 12% 12% 10% 12% 9% 18 7 3 Jan. 21 Jan. Jan. Jan. 26 --- 97% 4 Jan. 4 Jan. Jan. Jan. 8 27 10 4 8 97% Nov. 22 Oct. 26 Jan. 17 18 Jan. 26% Aug. 17 30 Jan. 3 Mar. 30 1 4 Mar. Mar. 30% Dec. 28% Jan. 26% Jan. 30% Dec. 2 20 Mar. 30% Nov. 20 6 Nov. 101 % Nov. 48 Dec. 95 Jan. 41 Jan. 21 42% Jan. 20% Jan. 22 6 Jan. 5 21 Jan. 14 21% Jan. 10% Jan. 9% Jan. 13% Jan. 9% Jan. 10 3 1^ 12 45 Dec. 40% 18% 116% 107% Dec. Nov. Mar. Feb. 8 i>ov. 20% Dec. 13 Oct. 9% Dec. 12 Dec. 12 9% Dec. Jan. 11 99% Oct. 101% Jan. 21 109 19 3 104 12 8 21 11 25 Jan. Jan. Mar. 21 - 109% Jan. Jan. Jan. Dec. Jan. 29 28 119 Jan. Sale 102% 103 101% Jan. Sale 100% Sale 100%; Jan. 109% Jan. 107% 108 94 Jan. 11 88% Jan. 22 101 Jan. "52% 68% 100 130% Mar. 11 29 104% Sale 212 Jan. 2r " 55 Oct. 73% Dec. 99% Oct. 26% Jan. 90% Jan. 26 11° 19 18 45 7 5 Mar. 13 Mar. 11 11 26% Jan; 104 1949 J J 78 zll8 112 12 27 J Jan. 115% Feb. Mar. Jan. 25 A 108 Oct. 87% Jan. 28 108% Jan. Jan. D J 29 Jan. Sale 90% Sale 88 Jan. 20 "29% S Jan. 27 92 8 75 104% 21 25% O ""4 32 30 30 J Jan. 24 28 A coll trust 4s series A.1949 A O ser D...1977 M S 112 32 6s with warrants.. 1955 A O 1952 M S :■ 11 112 26% 17% 26 28 79% Jan. 110 25% 30. Jan. 84% Nov. 84% Nov. 30 St Jos A Grand Island 1st g 4S..1947 1 St Lawr A Adirondack 1st g 5s..1996 J 2d gold 6s. 19°<1 4 8 4 30 4Ms."Il941 7 9% Oct. 3 28 1962 M 5% Jan. 14 Jan. A 1948 A 1st guar g~4sl949 J 70 Dec. 75 Sale lst4Ms -.1934 M 8 Oct. 42 93% Jan. 92 22 Western 1st g 4s.. Jan. Oct. 104 6 90 Sale Rochester Gas Ac El 4M* Gen mtge 5s series B 91 41 8 10 28 Sale 1939 J 1939 J 100 8 15 104% Jan. 48% Jan. 5 17% Jan. 14 104% Jan. 27 Sale guar 5s..1952 J .....1955 F 3 Jan. 80 Jan. 14 31 Jan. 78 1953 J ♦WoGrande June 1st guar 5s 27 60% Jan. 82% Jan. 80 Richfield OH 4s cony deb Richmond Term Ry 1st 55 Jan. Jan. Jan. Jan. Jan. 70 60% 83% Sale 106 ♦Direct mortgage gold 6s ♦Cons mtge 6s.. .—...........1953 F 48% 104% 44% 12% 103% 75 95% 74% Sale 93% Sale 92% 106 19 For footnotes, see page 101% Jan. 28 Jan. Jan. 30 cons g 26 75 J ♦4%s stamped Jan. 27 111% Jan. 31 91 Jan. 28 101% Jan. 19 65 3 26 106 21 107 ...1950 MN 1952 MN Safeway Stores s f deb 4s Saguenay Pow Ltd 1st M 95% Jan. 29 120% Jan. 110 A 1946 J ♦Rhine-West Elec Power 7s tR"^.and R R 1st 28 Jan. 78% 19 109 1956 MN J ♦Rbetnelbe Union s f g 7s ♦Rhine-Ruhr Wat Serv 6s ♦4s stamped 109 110 ill* > 5®»«*b Copper A Braes 1st 4MS..1956 con 3 ... 1954 MN Purch money 1st 5 Ms cony Gen mtge 4Mb series C ♦1st 108 19 D 1997 4Ms series B ♦Rio Grande 6 Jan. 108% 108% 110 108% ... 27 109% Jan. 28 114 Jan. 28 Ill Jan. 6 Sale 1 on % Nov. 29 107 5 111 109% Feb. 7 105 81 ... "84"" 1948 1951 A Mr,e* A f 7s 6 Jan. Jan. 102 102% Sale 103% Sale Sale 107 109% 110% 107 114 123% 114% 116 114% 103 114 107% Sale 107% 109 115 107107% Sale 93% Sale 90% Sale 89% lu6% Sale 105 105% Sale 15 Sale 15 16% Sale 4% Sale 4% Sale 4% 23 11 11 Sale 10% 109 Sale 108% 108% 100% 100% 80 31 101 55 64% 109% 110% 108% 99% 99% Remington Rand deb 4Mb w W..1956 M Rensselaer A Saratoga 1st gu 6s.1941 M Republic Steel Corp 4Ms ser A..1950 A Gen mtge 4Ms series B........1961 F s 97% Jan. 29 104% Jan. 13 110 Jan. 19 106% Jan. Dec. 31 102 • Mar. 1 Oct. 21 105% Jan. 12 „IIIl977 Jersey Cen coll g 4s S®* £ re/4«" Gen & ref 66% 52* i°'deb 4s Ac com stk (65% pd).... •♦Debenture gold 6s 1941 ♦Rutland-Canadian r \ 195° ier,ei C°ri» 8 f g 5s Radio Keith Orph pt pd ctfs 8,000 6,000 1 1 1951 J J deb 4s gul957 M N *Rocb's Ark Ac Louis ♦Ruhr Chemical 6s 108,000 72,000 N deb 5s 6,000) 12,000 2,000 8,000 vl 196' ♦^Providence Securities i-ElS!1®®?*® T«rm**»al 1st 13 A A _.195> Potomac Elec Power 1st M 3%s..l966 ?f!»sed Steel Car 70 84 MN 1st 5s 1935 extended to 1950 Teleg At Cable 90 108% 110% 110% 110% Portland General Electric 4MS..1960 M S Tobac 95% Oct. Jan. 81 107 6% Sale O Ac Ash 1st gen 4s ser A__194>^ 1st gen 5s series B_. 196 1st gen 5s series C_.._........1974 1st 4Mb series D REtoJRf®*n. Am t♦Postal 26 58 7 105 It* Dec. Jan. Sale 99 80% O F 9% 107 A 1st guar 4S....194? "®rlei c , 101 13 77 164 55 61 "73"" 197' 197? 12 6 106% Jan. 28 101% May 104 Feb. 1 May 15 107 103% Oct. 27 107% Jan. 0 94 8* 1942 194? 1949 1953 .... 21 78 100% Sale 99% Sale 98% Jan. 109% 110% 108% 108% Jan. 114 Sale 109% 109% Jan. 113 116% 109% 116% 108% Jan. Sale 95 Sale 90 88% Jan. 120 120% 118% Sale 117% Jan. Sale 106 101% Sale 99% Jan. Sale 108 111% Sale 105% Jan. Sale 90% Sale 80% Jan. Sale 101% Sale 95% Jan. 95 100% Sale Jan. 97% Sale 87%. Sale 80% Sale 79% Jan. 115% 116% 116% 118 116% Jan. 109% Sale iu9% Sale 109% Jan. 8 Con 4Ms series I g Con 4Ms series J guar........1964 Gen guar 5s series A.. 197 Pitts Ac West Va 1st 4Mb 1st mtge 4Mb series B 103% 104% 28 13 Sale 104 194J 4Mb series B guar g Con 4Mb series C guar g General g 5s ser B General 4 Ms series C 103 1940 A series A Gon ♦Rlma Steel 7,000 4,000 28,000 57,000 - cony 7s ...1952 Coke & Iron cony 4M« A...1952 M 87.000 91,000 199,000 10,000 36", 000 226,000 J M IS PCC&StLl 4Mb 77 105 «/ K 95% Sale ""5% J J . Sale 80 A M 1943 £! i,°.# (Italy) Pitts t 5,000 5,000 1,000 62,000 1949 f 4sl937 100 < \ 199< Peoria ft Pekln Un 1st 5M» A...1974 F Pere Marquette 1st 5s series A...1956 J 1st 4s Series B 195« J + 102% 103 o 1957 MN 196' F A .........1963 F A 51", 555 113,000 M s Refunding gold 5s Peoria Ac East 1st cons 4s ♦Income 4s (flat) guar g 61",000 25,000 101,000 291,000 47,000 215,000 I' C°n 4s series H guar g 36,000 64,000 6,000 O \ Peoples Gas & Coke 1st 6s Con 4s series D guar g Con 3Ms series B guar g Con 4s series F guar g Con 4s series G 449,000 9,000 14,000 1,264,000 30,000 28,000 5,000 1,527,000 O 4 1970 I 556,000 27,000 13.000 O 1960 General 4 Ms Series A General 5s Series B Debenture gold 4 Ms General 4Ms series D "5",000 43",000 N Stamped dollar bonds...... 1948 1,000 54,000 200,000 M Gen mtge 3 %a series C Consol 4 Ms Issue of 1915 - 5 103% Jan. Jan. 8 103% Jan. Jan. Jan. 21 103% Jan. Jan. 31 103 Jan. Jan. 31 100% Jan. J l> 1943 M N 303,000 !,!?!!" secured gold 8s.l9fc' 335,000 Elec*ric 1st 8c ref 3M* 1967 184,000 **** & Read C Ac I ref 5s 197 - ~ 104 Sale 101% 102% 103% 103% 102% Sale 102% 103 ----- 1948 18,000 75,000 1st g 4M* series C 108,000 ...1980 603,000 Phelps Dodge cony 3%s deb 1952 90,000 Phlla Bait ft Wash 1st g 4s 194 5,000 General 5s Series B 197 •> Gen g 4Mb series C 13,o00 ........197' General 4 Ms series D 35,000 1981 197,000 765,000 15,000 1 Penn Dixie Cement 1st 6s A 1941 M S Penn Glass Sand 1st mtge 4%s..I960 J D Penn Ohio ft Detroit RK— 1st A ref gold 4%s series A 1977 \ 1 Penn RR consol gold 4s... Consol gold 4s 102% 103% 101% D 40-year guar tr ctfs 4s Ser B..1952 MN 28-year 4s 1963 F A 755,000 414,000 451,000 362,000 19J.OOO 725,000 17,000 A Jan. 97 107 Oct. 106 32 92 0 2 Nov. 20 Oct. 21 104% May 11 60 June 25 9 91% Jan. 84 Jan. 52% Jan. July 109% Sept. 28% Feb. 25% Mar. 32% Jan. 10% Dec. 34% Jan. 117 15 Nov. 9 18 10 13 19 1 8 13 2 8 20 103% Aug. 17 19 104% Jan. 94 May 4 112% Jan. -- 96 ^ug. --- 98% 92 Cept. 9 103% Jan. Jan. 1 102 8 21 0 20 SALES IN Dec. RANGE FOR PRICES IN JANUARY BONDS Jan. M. T. STOCK EXCHANGE 1937| Jan. 1938 29 EXCHANGE—BONDS N. Y. STOCK FEB., 1938] Bid $ 3 Ask Bid 1937 Highest Sale Prices Sale Prices Sale Prices Ask YEAR Lowest Sale Prices Highest Lowest Jan. 31 8t Louis Iron Mtn 8c South— 296.000 19,000 44,000 205,000 9,000 45,000 2,000 54 60 55 17 Sale 17 Sale 16 Jan. Jan. J 65 73 65 Sale 65 Jan. 31 18% Jan. 68., Jan. J 13% Sale 12 % 13 15 Sale 10% 12% 10% 10% 9% Sale Jan. Jan. Jan. Jan. Jan. Jan, 26 12 % 11% 10% 13% 10% 9% 9% 26 4 13% Jan. 15% Jan. 29 Jan. 10 Jan. 10 "6,666 72,000 362,000 151,000 25,000 13,000 116,000 42,000 6,000 2,000 60,000 Jan. 63 Jan. 19 Jan. 28 ....1950 J ♦Prior lien 4s series A ♦Certificates of deposit.... .....1950 ♦Prior lien 5s series B Jan. 80 "j ♦Certificates of deposit.. 238.000 97,000 16,000 43,000 15 28 67 60 ♦*Elnr 8c Gulf Div 1st 0 4s {♦St L Peodc N W 1st 5s 1948 St L Rky M 8c Pac 5a stmpd...... 1955 63% j""j 12% 10 Sale 57 Jan. 11% ♦Con M 4 Ha series A 1978 ♦Certificates of deposit stamped {St Louis Southwest 1st 0 4s....1989 MN J ♦2d (told 4s Income bond..Nor 1989 J J ♦♦1st terminal Ac unlf 5s......1952 J 11* 29% 20 X Jan. 7 10 10 10% Oct. 19 Mar. 0 10 Oct. 19 12 Oct. Oct. Oct. Nov. 19 12 11% 10% 9% 8% 37% 33% 36% 33% 33% 30% 17 66 29 Jan. Dec. 20 100 Dec. 30 74% Feb. Jan. 27 30% Jan. 26 24% Jan. 15 Jan. 26 Jan. 28 25 8 24 9% Jan. 7 % Jan. 5 St Paul At Duluth 1st consoi 4s.. 1948 J J D F A J J 101 J J U8K 119 J J J J J in 70 13 7 96 17. 98 14% Dec. 29 7 18% Jan. 17 35 J 1990 Jan. 85 15 71% Sale 7% 8% II* s*B 28 27 Jan. Jan. 19 19 23 Jan. 8 13 8 Mar. Jan. 11 8 8 Mar. Mar. 4 19 22% Dec. 29 65% Mar. 8 Jan. 8 15% Oct. 19 54 96 Nov. 12 109% Jan. 18 21 9% Jan. 9% Jan. 5 89% Feb. 15 88% Feb. 17 48 20% Sale J .1947 {♦St Paul Ac K C Short L guar 4%al941 59 26 Sale /Sale Sale 02% 29% 18% Sale Sale Nov. Oct. 96 MS ♦Gen Ac ref 5s series A.. 62 20 ♦Certificates of deposit.., {♦lit Paul B Grand Trunk 4%« 64 9 Nov. 30 55 5 5 24 28 6 {♦St Louis-San Francisco Ry— 638,000 344,000 170,000 137,000 841,000 609,000 50,000 16,000 109,000 456,000 Jan. Jan. 58 1933 MN 15 5 Nov. 19 19 8 7% Oct. 37 Mar. 27 Febi 3 20 St Paul Minn 8c Manitoba— 1,000 13,000 161,000 14,000 19.000 4,000 ib",600 3,000 11,000 20.555 368,000 116,000 333,000 22,000 ,1.158,000 342,000 16,000 371,000 24,000 381,000 194,000 18,555 16,000 t Pacific Eat sterling! guar 4s.. 1940 58,000 St Paul Union Depot 1st 5s guar. 1972 62,000 linn Ant Ac Aran Pass 1st guar 4a. 1943 24,000 Sun Antonio Public Sere 1st 6s A. 1952 79,000 San Diego Cons G Ac El 4s ..1965 11,000 Santa Fe Prose Ac Phonlx 1st As..1942 9,000 {♦Schulco Co guar 6%s 1946 46,000 ♦Stamped.................. ♦Guar sinking fund 6H« B._ 1,000 1946 2,000 ♦Stamped 13,000 Sclo Vail Ac N E 1st guar g 4a....1989 52,000 ♦{♦Seaboard Air Lino 1st g 4s 1954 101,000 •♦Stamped 4s... 1950 10,COO ^ ♦Adjustment As .......Oct 1949 259,000 •♦Refunding g 4s ...1959 ♦Certificates of deposit..... 19,000 ♦let 8c cons 6s series A—....1945 630,000 ♦Certificates of deposit 73,000 •♦Atlan-BIrm Die 1st g 4s.May 1933 9,000 t Sea board-All Fls 1st 6s A 1935 ♦Certificates of deposit..... 157,000 Series B. 1935 ♦Certificates of deposit..... 2,000 440,000 Shell Union Oil deb 3%a 1951 12,000 Sbloyetsu Bl Pow 1st 4%a 1952 ♦♦Siemens 8c Halske sec s f g 7s.. 1935 MN 109 K 109 M S 122.000 144,000 342,000 1,000 178,000 54.000 42,000 33,000 92,000 161,000 30,000 112,000 125,000 76.000 "15,660 South & Nor Ala gu 15 28 20" 16 20 % 25 32% 27 MN 115 A O 14 "15% A O 14 F A 4 15% 4% A O I* 8% MS MS Southern Kraft Corp S M i D J J 4% 4% A* Sale 64H in 67 "01% Sale 75% 80 97 $7% Sale 118 A O J J D 6 30 Sale 109 Jan. 110% Jan. 17% Jan. 17 25 27 114 Jan. Jan. Jan. Jan. Jan. 25 101 4 113 4 79% Dec. 23 103% 108% Oct. 19 112% 1 110% 105% Apr. 110 Apr. 22 115 19% Nov. 20 41% 31 5 Jan. 27 27 114 Jan. 29 14% Jan. 11 25 11 14 Jan. 28 A% 21 4% Sale 5% 3% 98% Sale 59% 54% 98% 63% 68 4 Jan. 20 Jan. 18 4 13 10 Jan. 11 5% Oct. 18 10 6 %.Oct. 19 6% Oct. 19 5% Jan. 10 4% Jan. 28 100% Jan. 7 28 20 54 12 Jan. 64 Jan. 75 72% 82% Sale Sale 106% Sale 112% 15 17 7 93 Oct. 54% Oct. 100 7 6 >9% Apr. 50% Jan. 18% Mar. Jan. 99% Jan. 19 3 108 Jan. 4 120% Jan. 18 4 103% Jan. 29 3 108% Jan. 4 2 98% July 18 105 19 101% Apr. Jan. 3 Aug. 5 Feb. 11 Aug. 9 Jan. 102 Nov. 16 Jan. Jan. 93% Jan. 8 98% Jan. 69% Jan. 76 Jan. 10 0 0 23 Dec. Mar. 23 108 J 8 Aug. 18 10 1071 Jan. Dec. 18 106« 89% Oct. 19 100' 98 31 3 Mar. 130 Dec. 100% Apr. 118 Apr. Jan. 9 20 25% 82% 102% 102% 107% Jan. 94 Jan. 73 76% Dec. Jan. 8 Jan. 102 Jan. Jan. 96% Jan. Sale Sale 8 14% Jan. 88 90% Jan. 61 61 14% Jan. 4 97 95 19 3% Dec. 68 Sale 90% Sale Sale Sale Sale 20 3 94 Sale Oct. 17 26 Sale ZW 20 23% Mar. 22% Mar. 38% Jan. 77% Jan. 94 5 5 7 Mar. 64% Jan. Sale Mar. 8 8 5 5 36% Mar. 13% Mar. 5 100 92 19 19 26 5 108% 28 100 15 19 73% Jan. 79% Jan. 101% 102% 102% Sale 101% Jan. 107 % Sale Jan. 107% 108% 107 107 % 107% 107% Sale 107% Jan. 97% 66% 75% 61% Oct. Oct. 61% Jan. 97 14 Feb. 2% Oct. 100 106% Jan. 120% Jan. Jan. 11 3% Oct. 10 3 Jan. 29 5 11 Jan. Jan. 4% Jan. 97% Jan. 4 Jan. Jan. Jan. 22 43% Feb. 15 Jan. 2 Oct. 25 121 Nov. 23 35% Feb. 17 110 22 Jan. 43 10 4 5 4 3 Mar. 44 16 27 8 26 7% Jan. Dec. 29 27% June 10 2 25 July 26 26 8 25 10% Jan. 4 5% Jan. 6% Jan. 4 17% Jan. 4% Jan. 8% Jan. 27 Sale 6 Jan. 4 12% Jan. 4 25 27 112% Jan. Jan. 18 20 18 Jan. 23 14 4 Dec. 27 106% Jan. Mar. 17 124 Jan. 10 102% Jan. 21 118% Jan. 26 81% Jan. 6 110% Jan. Jan. 22 110 15 8% Sale Sale 11* Jan. 17 "71% 106 % '47 J 1946 4%«... Sale 4% Southern Calif Gas 4%s........-1961 M S 1st mtge Ac ref 4s 1965 F A Southern Colorado Power 1st g 6s 22 8% 12% 3% 14 Sale 7% 1962 3%a 114 Sale Jan. 109% Jan. 20% Sale 27 32% 5s..........1963 Southern Bell Tel Ac Tel 74 111 Sale 20 20 1951 1950 Socon7-Vacuum Oil deb 3H> 101 117% Jan. J ♦Debenture s f 6%a .....1951 M S ♦Silesia Elec Corp *%• 1946 F A Silesian Am Corp coll tr g 7s..—1941 Simmons Co cone deb 4s.._. 1947 Skelly Oil debenture 4s 103 A O J . 19,555 100 82 % 110 109 % 110 107% 109 112% ... 11,000 10,000 191,000 110,000 151,000 I,000 102 20 Aug. 14 Southern Natural Gas— 459.000 98,000 562,000 76,000 94,000 532,000 410,000 838,000 763,000 297,000 157,000 359,000 283,666 365",660 788,000 343,000 427,000 929,000 379,000 435,000 20",556 "5",666 77,000 228,000 544,000 474,000 786,000 882,000 144,000 5,000 50,000 57.000 66,COO 10,000 32,000 623.000 10,000 247,000 143,000 3,000 9,000 37,000 112,000 3,000 22,000 47,000 18,000 157,000 18,000 18,000 98,000 5,000 409,000 77,660 66,000 66,000 17,000 97,000 552,000 397", 000 II,000 262,000 1st mtge pipe line 4H*...< 1951 A O Sou Pac Co 4s Cent Pac coll Aug. *49 J D Gold 4Hs„ 1981 10-year secured 3^s..........l946 Gold 4Hs San 70",000 52,090 162,000 176,000 33,000 42,000 38,000 7,000 230,000 473,000 392", 000 963,000 6,000 232,000 8 M S M N M N J J 1955 J J 4s stamped...................1955 Southern Ry 1st cons As........1994 Derel Ac gen 4s series A.......1956 Derel Ac gen 6s series A.......1956 Derel Ac gen 6Hs series A 1956 Memphis Dir 1st g As.........1996 St Louis Dfy 1st g 4s 1951 Bast Tenn reorg lien As.......1938 M 8 4s 83 % Sale 103% Sale 92% Sale 62 52 Sale 60 Jan. Jan. 26 63 53 Sale 49 Jan. 26 51% 51% Sale Sale 48% Jan. 48% Jan. 26 63% Jan. 63% Jan. 27 63 70 Sale Sale 67 Jan. 28 97 Jan. 54% 98 76% Sale Sale 65 Jan. Sale Sale 35 Sale 48 Sale Sale 49% Sale 79% 45 52 Sale 47% 63 64% 80 64 1938 M S "79"" Sale 1964 J D S'western Gas At Elec 4s ser D... 1960 MN J {♦Spokune Internat 1st g 5s.... 1955 J Staley (A E) Mfg 1st mtge 4s 1946 108% Mobile Ac Ohio coll tr 4s Southw Bell Tel 3Hs series B 1961 Standard Oil N J deb 3s 1943 deb 6s..1945 1950 Staten Isl Ry 1st gu g 4Hs. ♦Studebaker Corp conv Swift At Co 1st M 3%a Tenn Coal Iron At RR gen As... Tenn Copper 4 Chem—Conr deb 6s series B 3%a A..1964 Tidewater Assoc Oil deb 3 Ha 97% Jan. 73 Jan. J J J 4 12 101 Jan. 14 Jan. 21 102% Jan. 100 Jan. 100 Jan. 62 Jan. 14 Jan. Jan. 5 105 28 101% Jan. 28 100% Jan. 4 6 17i 2ll 8 Mar. 23 109%i 98% Oct. 21 106%! 40 11% Oct. 19 100% Nov. 17 106% 102 95 100 12! 58% Dec. 29 159 102% Mar. 9 107% June 10 Nov. 20 103 26 98 29 70% Jan. 105% Jan. 29 82% Jan. 4 80 Dec. 13 106% Jan. 25 111% Jan. 14 106 Mar. 28 115 111% Il4" Ill 103 106 102 Jan. 72 79 81 Jan. Sale 88 90 88 98% 104 29 6% 72% 100% Sale Sale 85 Sale 104% Sale 104% IIo"" 117% 78% 79% Sale 79% 96"" 103% 30 32% 6% Sale 85 72% 109% Sale Jan. 104% Jan. 26 108% Jan. 8 81 Jan. 26 106% Jan. 7 13 8 10 Oct. 19 126 93% Oct. 105 Apr. 105% Mar. 83 Dec. 100 Apr. 105 112% Jan. 79 Jan. 79% Jan. 79% Jan. 27 116% Jan. 28 88% Jan. 31 88 % J an. 28 85% Jan. Jan. 29 Jan. 3 6% Jan. 4 12 12 11 4 Jan. 25 34 Jan. 8% Jan. 13 Jan. 12 15 104 102 1 4 20 Jan. 5 Jan. 2 Aug. 23 Feb. 17 Feb. 10 Mar. 13 26 102 49% Jan. 96% Jan. 29 102 Jan. 28 Jan. 20 12 103% Jan. 26 Apr. 110% Nov. 83 Nov. 82 Nov. 80 Dec. 107% Apr. 28% Dec. 5V Dec. 75 100% Jan. 9 102 Jan. Jan. 28 Jan. Sale 20 8 8 55% Nov. 23 110%! Feb. 15 8 101% May 21 105% Feb. Jan. 12 Dec. 29 103 66 Jan. 10 Oct. 21 105 100 4 9 95% Feb. 77% Dec. 96 117 0 Feb. 20 19 85% Feb. Nov. 23 105% Feb. 100 Jan. 2 4 ' 10 97% Jan. 28 80 Jan. 27 109% Jan. 28 103% Jan. 107% Jan. 53 95 85 ,..1937 J 1952 J 4 Jan. Jan. 22 43% Oct. Jan. 100 86 M 8 Jan I960 A O ♦Adjustment Income 5s 60 Nov. 23 112 79 20 115 105 1960 J Third Are 1st ref 4s 64% Jan. 15 Jan. 28 121% Jan. 87 .....1980 D 26 Jan. 85% Nov. 24 108 100% Feb. 20 100 Jan. 84 Gen Ac ref As series C..... ....1979 ser Jan. Jan. 120 106% 106 115% Gen 8c ref 5s 63 115 .........1977 Tex Pac—Mo Pac Term 47% Jan. Jan. 9 109 Dec. 105% Jan. Texas Ac Pacific 1st g 5s.........2000 B 26 27 5 5 11 21 22 22 82% Dec. 29 102 101 Sale 105% ser Jan. 42% Jan. 5 121 deb 3H*-.————1951 Ac N O cons g 5s —.......1943 Gen ref 5s 15 Feb. Jan. Jan. Jan. Jan. Jan. Jan. 119 5Hs A guar. 1950 Texas Corp 10 83 108 First cons g 5s ............1944 a f Cold 4s 1953 Gen ref exas 64" 11 Jan. 83% Jan. 29 104% Jan. 27 93 Jan. — 27 102 Sale Sale 72 81% Sale 106% 106% 105% Term RR Assn of St L let g 4%a..1939 1 exarkana Ac F S Ry 73 111 10 13 120% 122 97 ....—1944 Tenn Elec Power 1st 6s series A..1947 "63" 97% 106% 107% 100 my. 12% 100 100% 100% Sale 27 74% Jan. 28 106% Jan. 105 J Sale 16 13% 101% 103 100% Sale 100% 58 1951 J 60 99 103 73% Jan. 65% 38% 83 ~60~~ ♦♦Third Are RR 1st gold 5s 484",660 M 1950 A O Francisco Teres 1st 4a.. South Pac RR 1st ref guar T 35,555 Lines) ser A..1977 1968 May 1 1969 1st 4 Ha (Oregon Gold 4He 94% Oct. 20 1011 Nov. 23 991 65 68% Nov. 23 1001 58% Nov. 23 98 97 Nov. 23 58 97 Nov. 23 57 Dec. 96% Oct. Jan. *1 Jan. 104 Jan. 109% Jan. 118% Jan. 10 18 0 0 5 111% Jan. 108% Feb. 19 105% Dec. 31 110 Jan. 29 128% Jan. 12 106% Feb. 15 108 Jan. 10 108% Jan. 4 110% Aug. 31 3 73% Feb. 4 46% Feb. 101% Jan. 11 5 101% Aug. Tokyo Eloctric Light (Ltd) ; 566,000 267,000 745,000 74,000 7,000 1,000 3,000 1st M 6c 3 Series June 15 1953 ID Toledo Ac Ohio Cent ref Ac Imp 3%a *60 J D 1950 Tol W Va Ac Ohio 1st guar 4s C..1942 Toi St L At West 1st g 4s A 60 O M S 26,666 Tor Ham Ac Buff 1st 4s 38,665 3i",666 As.....—1949 Trt-Contln'l Corp cony deb 5s ser A'53 1,000 4,000 "3", 000 Sale 101% 102 88 Trenton Gas At Elec 1st 57,000 132,000 8,000 65,000 128,000 133,000 191,000 28,000 88,000 159,000 48,000 208,000 36,000 186,000 40,555 86,000 296,000 211,000 92,000 81,000 99,000 42,000 331,000 D M 9 1 J UJIgawa Elec Power secured 7s..1945 M 1962 ♦{♦Union Eler Ry Chic 1st 5a 1945 Union Oil Cal 30-yr 6s ser A May 1942 3H* debentures ...........1952 Union Electric (Mo) 3%« F Union Pac RR 1st Ac land gr g 4s. 1947 J First Ac refunding 4s.....June 2008 M June 2008 M 1st Hen Ac raJ 5a 1970 35-year 3%a debenture........1971 34-year 3 Hs debenture... A Q M N United Biscuit (Amer) deb 5s... 1950 A o United Cigar-Whelan For footnotes, Stores 5S..1952 see page 30. A O Jan. 103% Jan. 106% 106% Jan. 92% 100 106 92 117 106 J 70 80 94 75 Sale Sale ""9% 105% 9% 118 118 Sale Sale 75 Sale Oct. 97 Dec. 96 Sept. 25 103 105% Dec. 102% Apr. 116 Apr. 96 Jan. 17 70 Jan. 18 76 Jan. 27 Jan. 28 107 Jan. 18 Jan. 113 Jan. 89% 90% 105% 69% Jan. Jan. Jan. Jan. 119 Sept. 7 7 8 Mar. 8 107% Jan. Oct. 123 Jan. 90 Mar. 22 100 101% Aug. 10 Aug. 0 69 Oct. 102% Oct. 8% Dec. 164 7 105% Dec. 0 15 90 21 105 117% Jan. 105% Jan. 108% Jan. Jan. 19 104 28 108% Jan. 9% 107% 106% Sale 114% Sale 111% Sale Sale 106 107% Sale 113 115% 114% 93 Sale 92% Sale 94% 92% Sale 92$ Sale 106 £ 106% Sale 70 Jan. Jan. 9 83 2 108% Jan. 51 60% Jan. 116% 106% 8% A 75 12 100% 103% 117% 107% 108 72 J 70 104 Tyrol Hydro-Elec Power 7 H«-—1955 M N Guar sec a f 7s ..—..........1952 F A 1946 I 52% Sale 95% 99 24 26 27 27 28 118% Jan. 14 Jan. 8 101 Oct. 114_ Jan. 4 3 110 Mar. 107% Jan. 3 103 Jan. 14 28 27 Jan. 10 Jan. Jan. Jan. 10 3 108 116 94, 94% 94! 94% 6 106% 13 76% 21 116% Apr. 111% 90% 91% 105% 50% 97% June 29 107% Dec. 23 23 IBB Jan. Jan. 26 7 Apr. Mar. 10 116% Jan. 15 7 109% Jan. Jan. 116% May 18 Oct. 101% Jan. 101% Jan H May 109 June 8 Nov. Dec. 2 70% Dec. 29 N. Y. STOCK SALES IN Dec. 1937 Jan. $ 305,000 PRICES IN JANUARY BONDS N. 1938 Y. STOCK EXCHANGE * M 1934 1946 J 48,000 47,000 521,000 25,000 14,000 (T S Rubber lat Ac 5» •6H* aerlea C 1951 ♦Slnklnft fund deb (H« nr A..1947 lat Ac ref 5a..l944 Utah Power At Llftht lat 5a 1944 {♦Utllltlea Pow Ac Ltft deb ft 5%«_1947 Vandalla conaol * 40,000 "7",606 339,000 95,000 44,000 J D 1949 1939 ........—1939 1954 {•♦ Wabash RR 1st ftold 5a ♦Second ftold 5s 235",000 450",000 3%« ♦Tol Ac Chic Dlr 1st ft 4s 53",000 10,000 •* ♦Omaha Dlr 1st ft 156,000 9,000 111,000 2,000 110,000 322,000 333.000 t♦Wabash Ry ref Ac ften 5 Ha ♦Certificates of deposit —— fi Wash Term 1st ftuar A O M S 391,000 46,000 Weat Maryland lat ft 4s First Ac ref 5%s series 20.000 113.000 West N Y At Penn Gen 1,000 33,000 133,000 96,000 111,000 93,000 28,000 70,000 155,000 51,000 99,000 8,000 23% Oct. 9 32j 19% Oct. 20 32! 84% Dec. 29 105! Jan. 84 Nov. 24 41 11 Jan. 50 Jan. 12 Jan. 11 41 Aug. 20 Aug. 20 Sale 84 Sale 81 Jan. 28 Jan. 14 81 Dec. 31 111 ... ... : 82 86 Sale 50 "1% Jan" Sale 13 Sale Sale 1945 F 13 35 94 ; 45 j 40 69% ..... 25 ..... 8 J M N ♦Westphalia Un El Pow 4s J ;:»h -!r- 13 12 Jan. 10 26 13 26 9 Jan. Jan. 26 28 10 64 75 Jan. Sale 71 Jan. 31 36% Jan. 31 Sale 10 10 9 103 Sale 71 36% Sale —*70 91, -99% 14 19 6 79% Jan. 43% Jan. 21 Weat Shore lat J 80 102% Feb. 110% Jan. 7 112% Feb. 25 Mar. 24,108% Jan. 13 2 127% Jan 22 Apr. Oct. 19 102% Dec. 21 Jan. 9 Apr. 123% Feb. 111% Sept. 7 Oct. Sale 105 127 121% Jan. Sale 101 Jan. 31 105% Jan. Jan. 17 123 28 102% Jan. 121 116 Jan. 26 120% Jan. 4 110 Jan. 6 110% Jan. Jan. 28 108 27 26 10 •' 109% 110 108% 106% 107 Jan. 106% Jan. Jan. 84 Sale 85% 97% 88 Sale 108 18% 19% Sale 19% Sale Sale 64 Sale 59% Jan. 4 66% 65% Sale 61 Jan. 3 59% Jan. 20% Jan. 65% Jan. 3 70 12 27 13 7 69% Jan. 72% Jan, Sale Erie RR lat con ft 4s.. Sale Sale Sale Sale Jan. Jan. 18 17 Jan. 93 28 98% Jan. 3 108% Jan. 3 21 Jan. 5 20 Jan. 87% Jan. 107% Jan. "75% 67 20% Sale 75 67 Sale 59 Sale 107 63; Mar. 109% Jan. 5 116% 15 7 85 Sale 12% "90% 85 91% 100 92% 100 44% 12 11 10 107 109 j 253 3 1003 91% Jan. 29 96 27 4 1073 1133 1033 105 Mar. 8 47 Mar. 6 47 62 104 Mar. 8 Jan. 12 June 15 104! 100! Aug. 19 Aug. 27 115 Jan. Jan. 15 5 12% Oct. 13% 5% 101% 96% 4 Jan. Jan. Jan. Jan. Jan. 11 7% Jan. 14 4 18 27 31 101%# Jan. 31 100% Jan. 28 85 Jan. Jan. Jan. 82 109 Jan. Jan. 62 44% 12% 2 Jan. 27 110% Jan. 3 93 Jan. 6 92% Jan. Jan. Jan. 108 22 Jan. 105% Jan. 28 29 27 Sale 7 108% June 16 111% Jan. 23 40% Feb. 19 39« Jan. 11 4 104) Jan. HI Jan. 6 27 19 Mar. 3 Jan. 20 Jan. 13 Nov. 8 Feb. 6 Jan. 18 Jan. 62 8 106% Jan. 21% Jan. 75% Jan. 31 105% Jan. 105% 110% 25 14 10 9 Feb. June Sale Sale * Jan. Jan. Aug. Sale 23 J I J Registered Wheeling Ac Lake Erie Ry 4s D..1966 M S 3 10 5 109% Jan. 31 15% Jan. 10 13% Jan. 13% Jan. 6% Jan. 4 5 3 12% Oct. 6% Dec. 101% Dec. Nov. 92 76% Dec. 106% Mar. 10% Oct. 10 y~j 6% Oct. Dec. 24 6% Dec. 19 35! 32! 25! 7 14% Jan. 8% Jan. ♦Certificates of deposit {♦Worcester AtConn Eaat Ry 4%al943 igo% 76 Feb. 121% 121 105 5 99% Mar. 12 Oct. Oct. 107% 109% 101 121% 118 3 71% Jan. 8 99% Jan. 27 44% Mar. 8 41% Mar. 6 44 Mar. 17 41 Mar. 5 6 43% Mar. Mar. 10 44 Mar. 17 40 Mar. 31 Mar. 16 *88* Feb. 8 90 27 13 89 60 16 21 22 103% Jan. 10 14% Jan. 9% Jan. 13% Jan. 11% Jan. 9% Jan. 11% Jan. 8% Jan. 71 60% 61% 11 30 Jan. 27 Jan. 30 Jan. Jan. 10 10% Sale 27 75 J —1953 4s ftuar..... 3361 3361 58 101 J 1951 J D I960 M S 5s Gold 5s Jan. Feb. 27 Apr. 10 110 Dec. 23 101% Feb. 10 8 Apr. 2 107% Jan Jan. 65% 18 .... Mar. 17 Jan. 12 Jan. 106% Feb. 81 Apr. 80 91% 95% 107% 17% 11 "jS igS 27 Apr. 6 July 20 Jan. 27 Jan. 16 3 70 Sale 67% Jan. 12 7 104% Jan. 14 68 Jan. 28 75 Jan. 107% 109 % 105 % 121 % 102 % 118% 109% 107% J 5s........1938 4%s ftold.....1950 Oct. 45 70 O Western Union coll tr Jan. 30 10 40 O {♦Western Pacific lat 5s aer A...1946 M Mar. 17 Oct. 19 8 104% Mar. 23 8 Mar. 2 Jan. 21 Jan. 2 86 al03% Sale Sale 69 Mar. Jan. Jan. Jan. Jan. Jan. 75 7 8 11 Mar. 9 Feb. 18 Mar. 8 Mar. 3 67% Jan. 67 S A Sale 19 3 Jan. 74% ...1967 ftold 4s...1943 4 Jan. 61 24 105 51% Jan. 26% Jam 30 10 J Wheel Ac L Jan. 102 9% Sale 102%.104 A A 18 Jan. 45 "59% Janl"27 Sale 52 »K 13 12% ftold 5a.......1950 1953 A......1977 14 12 103 9 12 % 8 1963 M H 1961 J 3%a series I..........1966 J Fund Ac real eat 55% 63 ; 103% Sale III- 45 -40 69 % 12% J Gold Sale 50 % 68% 94 25 14 Jan. 27 29 109% Jan. 9% Jan. 9% 108% 108% Jan. 42 Jan. 42 102 v 105 1941 2000 F A 1948 Q M 3%» ♦Assented 35 103 65 ..... 8% 108 106! 107% Oct. 23 111 110 Sept. 20 1% Dec. 29 - ::::: no" 43 1949 M 8 198,000 Wheeling Steel Corp 4%a set A..1966 F A 2,000 White Sewing Machine deb 6s...1940 MN {♦Wlckwlre-Spencer Steel 1st 7s. 1935 J J Ctfa dep Chase Nat Bank. — {♦Wlckwlre-Spen Sfl Co 7s.Jon 1935 Ctfs dep Chase Nat Bank...—j.— MN 22,000 88,000 {♦Wllkes-Barre Ac East lat ftu ft 5s 1943 J D J 1938 J 77,000 Wilmar At Sioux Falls 1st 5s 383,000 Wilson Ac Co 1st M 4s ser A.....1955 J J 121,000 KCony debenture 3%a_„.......1947 A O J 6.000 Winston-Salem S B lat 4s 1960 J 134,000 {♦Wisconsin Cent lat ften ft 4S..1949 J J ♦Certificates of deposit.. 24,000 73.000 •♦Sup Ac Dul Dlr At Tor lat 48.1936 MN . Jan. 28 50 67% J 27,000 Jan. Jan. Sale 34 1st mtfte ~7",666 18 27 Sale "59% A lat mtfte ft 4a series 35,000 65.000 22 50 F Wear Penn Power 5a aerlea E 359.000 1 Nov. 26 107] Jan. 20 33 i 50 MN M 3%a Westchester Llftht Gen mtfte 3%s 76,000 1,000 225,000 201,000 22 Sale 45 1st 40-year ftuar 4a.........1945 Wash Wat Pow lat ref 5a 1939 iT,66o • Sept. 10 170) 100 12 Sale Sale 11 {♦Warren Bros Co deb 6s 32,000 144,000 35,000 22,000 70,000 491,000 175,000 27,000 153,000 419,000 88,000 303,000 692,000 639,000 27,000 427.000 23,000 9,000 3,000 234,000 1,000 106 20 Jan. Jan. Jan. J Warner Bros Pictures cony deb 6sl939 M S 3,000 105",000 80% Jan. Jan. 11 3 25 Sale - 31",000 145,000 15,000 .. M J A—1975 Wash Cent Ry lat ft 4a y . Sale 28 27 18 « 4 *33 coup) B.1976 F A ♦Certificates of deposit ♦Ref At ften 4%s series C 1978 AO ♦Certificates of deposit ♦Ref At ften 5s series D 1980 A O Warren R R 1st ref ftu ft Sate Prices 72% Oct. 19 103% Jan. Dec. 8 114% Jan. Nov. 29 23 Jan. 36! 80 82 109% ♦Ref Ac ften 5s (Feb 166,000 199,000 1,000 29% "~8% 'io?r ♦Certificates of deposit...... 1,000 122,000 Walker (Hiram) G At W deb 4%«-1945 J D 62,000 Walworth Co 1st mtfte 4s 1955 A O 6s debentures ........1955 A O 4,000 57,000 92,000 12,000 Sale Jan. 6 Jan. Jan. Jan. Jan. Jan. Jan. 80% Jan. 25% 107% 103% 27% 27% 27% "i~HJanl""7 1941 1939 1941 1941 ♦Dea Moines D1t 1st ft 4s \ -T 8,000 327,000 23,000 299,000 30 110 M N ♦Det At Ch Ex 1st ft 5a T ■ 13 J J "i",66f -f 111 30 27% 27% Sale Sale 109% ♦1st Hen 59-year ftold term 4a. 1 27% J 1942 2,000 "6.566 81% Jan. 83 M N J 1955 ... 5a....3503 First cons 5a ..J.......—1958 Virftlnlan Ry lat Ac ref 3%» «er A. 1966 "7",000 Sale Prices Sale Prices 4 Jan. 1937 Highest 87% 50% 50% 4a A.........1955 •♦July 1914 coupon off.. Suftar 7a ctfa 317,000 Sale 86 A Va Ac Southwest lat ftuar 218,000 O Virginia El At Pow 4a aer A Va Iron Coal At Coke lat ft 5a 17,000 76 Sale 25% 107 105 Sale 27% 27% J A ♦Vertlentea 71,000 ; D J O —....1957 4%*.. -1934 Sale 108% 103% 28 F •♦Vera Crux At Pacific lat 216",000 148,000 J A Conaol 4a Serlea B 165",660 S 77% "34" J 5a... 1941 Vanadium Corp (Am) cony Sale YEAR Lowest 108 ♦♦Debenture 5a...—.........1959 "7",000 M 77 D A..1951 Utah Llftht & Trac "3",666 18,000 M ref 5a aerlea A..1947 J ♦United Steel Wka ft 6 Ha aer 13.000 102.000 Highest Sale Prices Ask Ask Bid RANGE FOR Lowest Jan. 31 h •{♦United Rys St L lat ft 4a U S Pipe & Fdy con? deb 3%» 240,000 224,000 296,000 36.000 V 1944 United Dm* Co (Del) i¥,66o 141,000 3 Bid 1*53 UNJRR& Canal Co ften «• 13,000 22,000 470,000 56,000 11,000 66,000 119,000 286,000 132,000 302,000 - Jan. $ 138,000 8.000 i: EXCHANGE-BOND 8 7 19 105 7 Jan. Jan. Oct. Jan. Dec. 11 2 Jan. 8 4 15 5 7 Younftatown Sheet Ac Tube— 295,000 392.000 f Accrued interest 1st mtfte a f 4s series payable at sterling. the C.........1961 MN exchange rate of $4.8484 to the £ 96% Sale 98% Sale 96% Jan. Deferred delivery sales, only transactions of current month, and not included in year's a the range. '' X Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by ♦ Negotiability impaired by maturity. Bond selling flat. | All Commonwealth Edison bonds were formerly traded on the N. Y. Curb Exchange. Admitted to Stock Exchange listing on Jan. 26. Ex-interest. • The following cash sales during the current month and yearly range: Per Marquette 5s, 1956, Jan. 7 at items would largely page was authoritative offset the Celotex Corp. 4%s, 1947, Jan. 31 at 72. 18) are the highest since 1926. quarters deficit on that visible invisible account. Preliminary estimates placed the final net deficit for the year at £50,000,000, which would compare with a deficit of £19,000,000 in 1936 and a credit of £33,000,000 in 1935. Oliver Stanley, President of the Board of Trade, in a speech made in January in Liverpool and in direct response to questioners as to the purposes of the plans for a trade can entered into in a Lower Austria Hydro-Elec. at 99. on both our two Mr. sides because treaty admitted we commercial countries and the world in general." that there were many difficulties Washing¬ sity of increasing exports and extending foreign loans. In "A .resumption of overseas lend¬ ing, if and when it becomes possible and prudent, would this connection he said: United supply not the the Edwin Fisher, Chairman of Barclay's Bank, Ltd., at the "I States and ourselves is bound to have the highest political But this is a trade treaty. - The negotiations both believe general meeting of the bank in London, on Jan. 20, discussed the international trade situation and pointed out the neces¬ with Importance. we contribute to in the way, but predicted that the negotiations in ton would prove successful. ' answered: States, is reported to have deny for one minute that friendly Intercourse of the United States or any sign to the world of any common interest and friendliness between the United 6%s, 1944, Jan. 31 Rhinelbe Union 7s, 1946. Jan. 15 at 28 prosperity of agreement do 25%. Norway 6s, 1944, Jan. 20 at 106%. commercial Stanley 16%. Greek Govt. 6s, 1968, Jan. 10 at 26%. Republic Steel 4%s, 1950, Jan. 13 at 118%. 82%. following deferred delivery sales were transacted during the current month and are not included in the monthly or yearly range: £432,304,000 in transacted not included The in imports and of 18.4% in exports. The year's total turnover was the largest since 1930, and the visible asserted were are in the monthly or of 21.5% was Antwerp 5s, 1958, Jan. 7 at 98%. Bergen 5s, 1960, Jan. 31 at 102. German 7s, unstamped, 1949, Jan. 18 at z t Called for redemption. It Oct. Chile 6s, 1963, Jan. 3 at x ; adverse balance of 96 current month and not included in year's range. r (Continued from 20 Cash sales, only transactions of the current month, and not included in year's range. such companies. * Under the rule sales, only transactions of the n 3 100% Jan. a much needed lubricant and would bring nearer goal of stabilization." Paul van Zeeland, former Premier of Belgium, in January presented to the Governments of Great Britain, France and the United States the results of his study undertaken at {Continued on page 40) York Stock New Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING JANUARY 1938 ^ $342,687,000 3,576,874,000 1936 . 496,046,869 Imccordance with a rule of the Stock BJcchaage. ettectlve Oct. lots except In the case of 1937 • $165,910,000 .■v,i 1937 Jan. 1 to Dec. 31 i..-.2,792,631,000 1936 1937 409,464,670 1 to Deo. 31 Jan. 1938 January 68,671,416 24,151,931 Shares_ January Bond Sales 1937 1938 Stock Sales 3 1915. all stora3 are aow quoted dollars per share. Prices are on basis of 100-share /V stocks which sell only In a small way. month's range, unless they are the only transactions of the month, and when selling outside of the footnote In the month In which they ooour. No account Is taken of suoh sales In computing the range for the year. NOTICE.—Cash and deferred delivery sales are disregarded In the regulor monthly range are shown In a AGGREGATE in January 2,100 ""966 25.100 2,800 5,400 2,000 22,400 19,900 143",800 33",706 14,700 900 500 3,400 19,900 6,700 15,800 500 15,600 75.300 1,300 82,700 6,100 8,000 1,000 14,600 2,400 18,400 940 12,200 260 21,100 . 12 Months 1937 Shares Shares , SALESl 300 18,600 2,200 21,500 100 800 PRICES IN JANUARY STOCKS N. Y. STOCK EXCHANGE Jan. 1937 Ask Par Bid ^ 690 Abraham & Straps * 79,100 Acme Steel Co............25 514,000 Adams Express ....... .....* 35,900 Adams MUlls • 90,900 Addressograph Mulclgraph 10 74,400 AdvanceRumely. 329,000 Air Reduction Inc..... ....* 245,000 Air-Way Elec Appll Corp... SO Alabama & Vlcksburj Ry.100 504,600 Alasaa Juneau Gold Mln.10 60 Albany Ac Susquehanna..100 ** 65 15 H Sale 25** Sale 35** 36 3** Sale 78 Sale 4 Sale 250 17.000 400 10 35.900 6,600 11,900 1,300 1,500 17,200 1,300 3,600 5,200 1,000 8,000 36.700 3,200 8,500 6,800 29.300 300 3,000 90,700 12,700 20.600 84,100 60 69.000 6,100 2.600 4,700 4,810 118,900 700 1,600 160 69.100 5,100 3,800 1.400 1,000 63,700 6.000 18,000 2,100 21,600 90,600 300 8.600 15,000 103.200 1,000 614.800 4,300 4.200 160 49 1 15* Sale Lowest Highest Sale Prices SaleRrices Jan. 31 Ask 36** 37 33 Lowest 1937 It* 47H Sale 1** Sale 12** Sale 29 38** Jan. 12 52 Jan. 14 105* Jan. 2:205* Jan. 10 20 36 . Nov. 8 37 41** Jan. 8** Jan. 19 Jan. 23 1 Jan. Jan. 24 15* Jan. 58** Jan. 1** Jan. 19** Jan. 15* Jan. 46** Jan. Sale Sale 36** Jan. Highest Sale Prices 40 415* 46 8% Sale 20** Sale 72 11** 1** Sale 13 Sale 10 10 7 66 1** Sale 12** Sale 11 13** 10 12** 13** Sale 15** Sale 8** Sale 158 8 Sale Sale 9 Sale 7 48 46** Sale Sale 12 58** Sale 55 42** Sale 12 Sale 2 J* Sale r20** Sale 58** 60** Sale 12** 13** 535* Sale 57 31 Sale 123** L25 Sale Sale 77** L61** 21** 405* Sale 164 Sale Sale 167 Sale 48 Sale lli% 14 97 93 Nov. 26 435* 7Vs 17** 16** 1** 44** ** 97 Dec. Nov. Oct. Oct. Oct. Nov. Oct. 29 23 19 19 15 24 19 Sale Prices 55 Mar. 8 69 Mar. 0 85 Aug. 18 22K Mar. Feb. Jan. Jan. 11 3 9 20 7 25 22 Jan. Jan. Jan. Feb. 25 Mar. 11 6 13** Jan. 20 Oct. 3 Jan. Jan. 26 Jan. 25 Jan. 25 Jan. 28 Jan. 29 t** Jan. 29 154** Jan. 29 5 8** Jan. Jan. 7 1 Oct. Jan. 12 12 11 11 Oct. Jan. Jan. 12 10 Oct. 19 5 19 19 20 19 Jan. 12 10** Oct. 19 Jan. 17 13 Oct. 19 Mar. 15 Jan. Jan. it 6** Oct. 19 Apr. 12 1** 11** 12** 12** 13** 15** Jan. 6** Jan. 485* Jan. 395* Jan. 11** Jan. 31 28 57 57 Jan. Jan. 11 Jan. 49** Jan. 30** Jan. 122 Jan. 705* Jan. 163 Jan. 20** Jan. 40 Jan. 13** Jan. 985* 100** Jan. 95 Jan. 10 10 19 Jan. 3 7 28 2** Jan. 22 Jan. Jan. Jan. 29 11 150 95 Alleghany 105* Jan. Sale 150 456,100 Amer Encaustic Tiling....-1 11,800 Am European Securities • 260 American Express Co.....100 1,541,100 Am Ac Foreign Power.. • 195,300 07 preferred —....—* 256,900 2d preferred A...........* 66,400 36 preferred .....—* '80.800 Am Hawaiian Steamship—.10 585,000 American Hide At Leather ..1 74.900 6% preferred .......50 66,600 Amer Home Products 1 215,200 American Ice ............. 64.200 6% preferred ....—100 272,200 Amer internet Corp.......* 415,550 Amer Locomotive .......—* 45.700 Preferred .........100 331,200 Am Mach At Foundry.......* 224.500 Amer Machine At Metals....* 436,800 American Metal............* 7.900 6% Conv preferred .100 1,000 American News Co new....* 12** 1,877,900 kmer Power At Light —.* 81** 145.300 36 preferred * 68 182.200 35 preferred ♦ 25 H 2,182,800 Am Radiator 0c Stand San..* 1.850 Preferred— ....100 164 34** 2,874,500 American Rolling Mill.....25 79,500 4**% conv preferred... 100 33** 70,400 Amer Safety Razor—...18.50 23** 145,800 \merlcan Seating Co 44 41,620 American Ship Building....* 93 1,345,200 %mer Smelt At Refining, M 22,300 Preferred ——1ft 146 64 32,770 American Snuff .......—25 1,580 6% preferred...........100 143** For footnotes see page 40. 15* Sale 12 8 145 87 Sale Oct. 6** Oct. 18 Dec. 29 85 34 Oct. 83** Jan. 15** Jan. 3** Jan. 24 Jan. 12 68** Jan. 15 31 3 66 3 54 29 Jan. 8 Jan. 15 12 Jan. 3 21 Feb. 18 Feb. 18 ' Jan. 42** Jan. 14 125 Jan. 3 82** Jan. Feb 12 Jan. 9 Jan. 14 12 50 15 Jan. Feb. Feb. 4 4 28 175* Jan. 100** Jan. 24 4 101 Jan. Jan. 17 5 8 12 80 2 Dec. 30 Oct. 19 Oct. 19 Oct. 19 Nov. 29 Oct. 19 l|| Sale 10** Jan. 3 21 Sale Sale Sale J an. 33** 15* 15** 55* Jan. Jan. Jan. Jan. 32*| 17 60 . 17** Jan. Jan. P Sale ll* 103 l31* Ja£. Dec. 29 19 Oct. 19 19 19 23 Sale 165 Sale... 66 Jan. Sale 17 10 28 140 15 63 15 7 24 175* Jan. Sale Jan. Jan. Jan. Sale Sale 44** Jan. Sale 122 46 50** Jan. 130 Jan. 51 133** Sale Sale 1-8** 41 Jan. 124 129 28** l\lH Sale 23** Jan, 8** Jan. 25 Jan. 108** Jan. 17 140 Jan. Jan. Sale Sale 605* Jan. Sale Sale 63** Jan. 1385* Jan. 139 Mar. 31 1 Jan. . 125 28 18 4 Jan. 22 i Jan. i Jan. 1 Jan. 18 22 22 Oct. 19 7 Nov. 23 Dec. 2 Oct. 19 Nov. 16 Dec. Mar. Mar. 11 Feb. Feb. Mar. 4 5 8 Jan. 20 Mar. 10 Feb. 1 Dec. 9 Jan. 1 Jan. 1_ Jan. 12 Feb. 3 Jan. 21 Mar. 11 Aug. 18 Feb. 3 Feb. 30 Mar. 19 Mar. 11 Jan. 28 Jan. 29 Jan. 5 Jan 18 31 Jan. 11 5 Ill Jan. 26 18** Jan. 18 31 1495* Jan. 3 71 Jan. 10 Jan. Jan. Jan. Jan'. Jan. 17 3 Mar. 16 Feb. 15 4 Jan. 13** Jan. 10 11 8 21 12 86 Jan. 20 3 21 20 11 13 _ Feb. 3 725* Jan. 17 139** Jan. 3 7*2 Jan. 5*t Jan. 8st 80 5 Sale Sale 27 Sale 32 Sale 35 Sale 34 Sale Sale 40 Sale 16 15** Jan. 28 6 107** Jan. Jan. 109** 103 Sale Dec. 29 Feb. 5 Mar. 13 Mar. 13 3 85* Jan. 28 Jan. Jan. Jan. 28 55* Jan. 12 5 33*2 Jan. 45* Jan. 3 8** Jan. 10 10 10 4 Oct^ 19 Dec. 29 21 2 Mar. Jan. 10 Sale Sale Oct. Mar. i Jan. 345* Jan. 115* Jan. 28 Sale 88 Sale Oc«. 9** Oct. Jan. 165 Sale Sale Nov. 20 Oct. Jan. 225* Jan. 11** Jan. Sale Sale Nov. 22 3 31 26 28*1 Bale Sale 19 19 19 45* Jan. Sale Sale Oct. Oct. Oct. 20 Dec. 29 Oct. 19 26 182 65** 19 19 19 19 19 25** Jan. 27** Sale 150 Oct. Oct. 10H Oct. Oct. 29** Jab. Sale 119 Dec. 29 2J* Oct. 20** Oct. Jan. 12** Jan. 35* Jan. Sale 23** 44** , ' 2** Oct. 19 17** Dec. 29 Oct. 19 Sale "34"" Jan. 25 ! Mar. 3 19 Sale 9 Aug. 25 Aug. 25 Aug. 12 24 26 19 Sale 4 27** Jan. 5 164 Oct. Sale 22 10 27 27 Oct. UH 9 15** Jan. 5 24 0 22 28 Mar. 13 Mar. 15 Mar. 11 175 Sale 10 Jan. 11 Sale Sale Mar. 11 10 3 8 Sale 21** Mar. 49 300 Sale Sale Jan. 11 19 9 Aug. 14 19 11 20 Sale Mar. Nov. 23 Jan. Jan. 6 Oct. Aug. 10 Feb. 18 Feb. 11 Feb. 11 Feb. 17 Feb. 18 7** Dec. 28 10 11** Jan. 135* Jan. 78** Jan. 6?* Sale Oct. Jan. 25 County, N J ....25 209,800 American Colortype... 10 240,550 Am Com Alcohol .......20 227,600 Amer Crystal Sugar Co 10 5,180 0% 1st preferred—....100 717,300 Amer Steel Foundries..... 101,400 American Stores...........* 97,700 American 8ugar Refinlng.100 14,100 Preferred ...100 55,tOO Amer Sumatra Tobacco.....* 680,206 Amer Telep Ac Tele a 100 121.100 American Tobacco ........25 354.450 Class B 25 29.300 6% preferred—........100 541,100 American Type Founders...* 1.340,700 Am Wat Wks A El • 9,700 36 1st preferred..........* 400,000 American Woolen..........* 275.800 Preferred 100 1,876.700 Amer Zinc, Lead At Smelt 1 49.600 35 prior con* pref 25 4,921,900 Anaconda Copper ...50 31,100 Anaconda Wire At Cable • 215,400 Anchor Hocking Glass Corp* 3,660 36.50 conv preferred....—* Sale Sale 360 2,800 6,300 9,300 20 21** American Can............25 of Sale Sale Amerada Corp Amer Agric Chemical (Del) American Bank Note......10 0% preferred............50 Am Brake S Ac P 5** % conv preferred.... 100 Co 19 Sale • Amalg'mLeatherCos,IncNewl 6% cum preferred 50 Coal YEAR 146 145* Sale Alpha Portland Cement Am 37** 43** Sale Sale 68 4** Sale 1,440,700 Allegheny Corp • 45 ** Sale 238,700 Pref aeries A <30 warr'ts . 100 42 47 32,900 Prof series A 140 warr'ts 100 43 47 22,900 P««f series A 330 ex-war .100 42 J* Sale 73,000 32.50 prior con* pref * 38 Sale 290.200 Alleghany Steel—........_* 39.500 Allen Industries Inc........ 1 196,600 Allied Chem Ac Dye.........* 225~" Sale 12,300 Allied Kid Co 5 205,125 Allied Mills Co Inc • '315* Sale 17 ** Sale 1,344,200 Allied Stores Corp.........* 83** 85 35,100 5% preferred 100 78% Sale 982,400 Allla Chalmers Mfg .... * Preferred 100 Amer Car At Foundry.......* Preferred 100 American Chain At Cable...* 12,500 5% preferred...........100 27.400 American Chicle—.... * 3 Ask Bid 43** 8** 69 60 63 Bid 37** 24,300 Abbott Laboratories,......* 68,900 423,900 36,400 182,300 65,600 183,800 5,200 158,200 6,200 419,000 18,100 247,100 46,100 337,200 RANGE FOR Price Jan. 2 Jan. 6 28** Jan. 28 365* Jan. 11 Jan. 26 50 18 11 40 Jan. Jan. Jan. 15 3 28 Feb, Jan. Feb. 3 13 1 Jan. 18 Jan. 12 Feb. 23 Jan. Feb. 23 Mar. 10 Feb. 23 Aug.TI Feb. 18 At N. T. STOCK AQGREQATE In SALES January Shares V.500 40 1,700 80,800 2.800 300 23,400 3,200 5,600 33",500 600 * 7% 2d preferred... 780 100 11.600 Associated Investment Co..* 5% pref with warrants.. 100 4,900 5% preferred ex-warr 100 1,120 100 1,037,400 Atchison Top Ac S Fe 56,200 9% preferred.... ....100 507.100 Atlan Coast Line RR....100 » 32,800 Atl G & W I S8 Lines 5% preferred...........100 37.100 734,800 Atlantic Refining.........25 4% conv pref series A...100 16,600 606,700 Atlas Corp 1 6% preferred............50 63,610 40,800 Atlas Powder...... 5% preferred....... 100 2,230 55,800 Atlas Tack Corp ♦ 251,000 $ Auburn Automobile...... 88,000 Austin. Nichols Ac Co ""366 60 - 20 72,800 4,300 19,100 3,000 3,300 28,700 1,600 16,200 3,900 2,100 ... 120 270 15 prior A... ....... 7,520 1,064,900 Aviation Corp (Del) The 2 60,100 700,700 395,300 564,000 2,533,300 308,400 20,200 5,460 527.900 86,600 11.670 1,409,100 123,500 70,000 167,200 32,500 400 90 16,700 3,600 240 62,900 2,700 120 630 500 ""'800 5,500 100 102,800 63,000 39,900 110,200 496,900 2,220 1,230 10 209,700 3,800 830 2,200 28,500 37,800 2,500 2,100 4,100 43,400 48,700 1,900 2,400 6,800 25,900 52,800 868,300 590,700 41,800 40,390 230,700 48,990 564,500 78.500 9,100 15,100 1,000 7,800 142,600 17,300 198,900 444,800 3.150 1,138,000 17.800 618,200 289,600 122,500 77,000 433,600 177,600 33,490 17,000 160 73,000 3,010 25,700 9,800 6,200 14,400 18,400 9,800 2,200 4,400 14,900 80~,666 68,100 20,100 115,600 20 61,200 2,100 1,800 10 100 200 5,300 2,250 24,600 221,800 175,000 9,130 241,800 12,300 11,010 , 600 1,251,700 3,260 76,900 73,700 36,420 40 400 «110 1,900 5,300 ton 119* Sale Sale For footnotes see 58 100 92 ■m Sale 32 6* 3* 45 * 25 40 * Sale 26 * 43 31* Sale 112 Sale 73 76 130 16 * Sale 28 * 30 7 7k 36 38* 6 * Sale 9* YEAR 1937 35 40* 41 Barker Bros . .. ...» ....... 5*% preferred...... Barnsdall Oil Co 26* 50 .....5 Bayuk Cigars Inc "37" Sale" 26* ......* 1st preferred 1Q< part pref...... V 75: 66 105 5 72 Sale 6* 9* Sale Sale Sale 41* Sale 3* 18 Sale Sale 10* 12* *30 85 14* 8 22 Sale Sale 35 90 Sale Sale 28 Sale 10* 112 15* 14* 93* Sale "96" <38 Sale Sale 61* Sale page 40. 18 Oct. 19 Jan. 3 107 Jan. 3 Jan. 31 Jan. Jan. 4* Jan. 3* Jan. 2* Jan. lb Jan. 8 9* Jan. 43 10 Jan. 11 3 48 Jan. 3 110 Jan.' 3 7* Jan. 5 6* Jan. 11 10 Jan. 4 3* Jan. 28 3* Jan. 20* Jan. 4* Jan. 7* Jan. 7* Jan. 9* Jan. 12 4 Oct. 19 3 Dec. 29 19 2 Sept. 25 25 15 Dec. 29 10 Sale 11 10 33 Jan. 12 21 90 Jan. 14 30 89 Oct. Oct. 14* Jan. 28 3 18 Jan. 10 12 10* Oct 7* Dec. 5* 8* 16 16* 87 94* 33* 12 Sale Sale 8* P 4J* 7 15* Jan. 93* Jan. Sale Sale 84 Sale 46 Sale 45* Sale 2* Sale 15* Sale Sale Sale 61* Sale 61* it* Sale Sale 52 47* 1* Sale 6* Sale 10* Sale 13* Sale 48 37* 7* Sale 29 Sale 4* 36* 4 !4* 15* 15 52* Sale 101* 20 !'A 90 80 103* 5 Sale 11* Jan. 17* Jan. Jan. 15 9 15 20 Jan. 62 42 Jan. 7 Jan. 20 7 50 23* Jan. 23* Jan. 26 Jan. 17 16 4 Jan. Oct. Jan. 22 Jan. 17 12 21 87 40 29* Sale 28* 12 Sale 41* 12* 4 17 8* 21* 27* 29* 1* 7* 9* 25* 16* 38* 8* Sale Sale Sale Sale Sale 28* 32* Sale 8 Sale Sale Sale 41 Sale 39* 8# Sale Sale 34* 17* Sale Sale Sale 7* 34 16 10 22* Dec. Jan. 10 5 31 Jan. 6 Jan. 13 Jan. 11 17 Jan. 7* Jan. 19* Jan. 3 Jan. 23 Jan. 4 Jan. 20 13 28* 1* 6* 8* 25* 14* Jan. 27 7 Jan. Jan. 28 3 Jan. Jan. 31 Jan. 27 Jan. Jan. 20 13 Jan. 13 Jan. 13 Jan. 13 35 Jan. 6 7* Jan. 27 7* Jan. Jan. 20* 56 62 55* 28 Sale 26* 3* Sale 3* 102* 104* 9* "I§"" 9* 6 6* 6* 4 4* 6* 95 Jan. 27 12 3 18 Oct. 19 22 Dec. 29 28 Dec. 28 1 Oct. 19 14 12 6 Dec. Oct. 19 19 Dec. 27 6* Oct. 76 2* Oct. 19 Oct. 19 19 12 Oct. Dec. Oct. Dec. Oct. Jan. 11 4 Jan. 21 Jan. 10 15 26 29 3* Jan. 8* Jan. 30* Jan. 15* Jan. 26 3 31 26 3 3 16 Jan. 29 19 14 19 1* Oct. 19 6* Dec. 3 Oct. 19 5* Oct. 16* Oct. 2* Oct. 10 8* Jan. 20* Jan. 4* Jan. 11* Jan. 36* Jan. 19* Jan. 24* Jan. 47 8 28 53 Jan. Dec. 28 102* Jan. 15* Dej, 28 52* Jan. 34 Dec. 29 50 Jan. 7 27 Jan. Aug. 14 23* Feb. 23 59* Fen. 11 53* Feb. 13 21 Jan. 12* Jan. 6* Jan. 18 Mar. 23 Jan. 11 23 13 2* 24* 10* 5* 19 Jan. Jan. Jan. 35 15 22 38* Jan. 5* Dec. 29 11 17 Jan. 3» 19 20 Jan. Mar. 10 Jan. 7 Jan. 16 28 Jan. Jan. 16 10 21 50* Aug. 25 Jan. 3 5 8 46* Apr. 13 Aug. 16 * Oct. 15* Dec. Oct. 8 4 11 25 Dec. 7 8 14 Jan. Oct 19 19 19 2 14 7 24* Jan. 11 Feb. 3 Mar. 12 Jan. 11 98 Jan. 7 13 Feb. 15 MIH 65* Mar. tm 2 Jan. 18 July 14 35* Feb. 9 11* Jan. 29 39 Feb. 1 45* Feb. 18* Mar. 1 2 36* Mar. 3 9* Feb. 25 Oct. Oct. 19 33 Mar. 19 91 Jan. 12* Oct. 19 34* TIar. 12 6 24 Dec. 29 52 28 48* reb. 9 21 2 52* .ept.29 JPt. 6* Feb. 25 20* Jan. 12 37* Feb. 13 38* Mar. 19 _ Sale Sale 48 Sale 36 Sale 103 Sale 99* 100* 101* Sale 14 Sale 15* Sale Sale 8 27 Jan. Jan. 10 Jan. Jan. Jan. 1* Jan. 6* Jan. 10 Jan. 13* Jan. 44 Jan. 7 Jan. 29 Jan. Jan. 92 Jan. 3 2 19 11 24 10 3 •7 16* Jan. Jan. Jan. Jan. Jan. Jan. Jan. 43 Jan. Jan. 26 3 5* 37* 76* z76* 16* Sale" 15* 4 3* 3* Sale Sale 12 Jan. 3 5* 47 95 Jan. 31 37* 76* Sale Sale 103* 108* Sale 15* 40 84 "ll" Sale" Sale 19* 47* 1* 7* 12* 102 Sale" 3 Jan. 3* Jan. * Jan. 9 19 93 Dec. 22 1 16 16 Mar. 3 48* Feb. 13 Oct. 11 4* Jan. 40* Jan. 3* Jan. 24* Jan. 15* Jan. 7* Jan. Sale 80* 36* Sale 8* Sale 39 13 Sale 5* Sale "20* 12 Jan. 80 Sale Sale 21 29* 32* 94* 49* 76* Oct. Jan. Sale 4 39 80 Jan. 38 Oct. 5 Sale 98* Sale 21 129* Feb. 69* Feb. 15* Dec. 26 8 9 Jan. 105* Mar. 11 20 Jan. l8 85* Nov. 22* Dec. 13* Oct. Jan. 8 4* Sale 27* Sale 16* Sale 7* Sale 16* Sale 2* 2* 7* 9* Oct. Oct. 12* Jan. 17* Jan, 81 42 3 41 14 11 Feb. Feb. Mar. 32 Dec. Oct. 80 27* Sale 11 11 125 108 6 12 Jan. 28 3 12 141 * 7* Sale Jan. Jan. Jan. Jan. 14 28 11 15 31 7* Sale 19* Sale 3* 17 Jan. Jan. Sale 36* 29 Jan. i Jan. 14 Sale Sale 1 11 Sale 12* 8* 30* Jan. 10* Jan. 16* Jan. 14 25* 19 7* Jan. 19 12 Sale iF8 Jan. 20 Sale 27* Jan. 17 Jan. 2 Sale Sale Sale Sale 13 Jan. 7* Sale 17* Jan. 96* Jan. Jan. 33* Sale 7* 7* 26 28 Sale 3 31 26 Sale Sale Mar. 17 20* Jan. 108 Oct. 115 Aug. 13* Oct. 28* Feb. Nov. 10 105* Mar 92 29* Dec. 29 43* Feb. 90* Oct. 19,114* July 7* Oct. 19 15* Feb. 82* Dec. 88* Aug, 8* Oct. 30* Feu. 15 Oct. 23* Jan. 29 Oct. 62* Jan. 31 Sale Sale 'P 30 Aug. 18 Mar. 17 9* Oct. Jan. 17* Sale 35 4 13 Jan. 22 22* Sale * 12 115 Sale 17 14 Jan. Sale ft* 3* 26* 15* 7* 29* 5* 28* 86* Jan. 10* Jan. 53* Jan. 14* Jan. 89* Jan. Sale 7* P Jan. 42 Sale 2 12 29 35* Feb. 40 Sale 10* Jan. 9* Jan. Oct. 39* 3* Jan. 52* Mar. 25 P Oct. 28 Jan. 9 2 1 Jan. Oct. Jan. 13 19 8* Oct. 86 Mar. 11 Jan. 18* Jan. 34* Feb. 9* Feb. Nov. 87 * 19* 5 11 6 6 Mar. Mar. 10 10 26 Sale In 10* Jan. 13* Jan. Feb. 20 89 Sale 9* Jan. 5 18 Mar. Ml 110 23* 12* 17* 22* 3* 3 30 8 Mar. 13 Jan. Sale Sale 39 2* Oct. 3* Sept. 3 Sept. 5 29 44 37 101* Sept. 29 116 7* Dec. 29 18 39* Oct. 19 52 38 Nov. 26 94 Dec. 30 133 101 12 ' 27 19 19 85 ...1 ...100 10 18 " 5 11 22 .... Preferred..... 3 Jan. 32 11* 15* 30 1* 37* 9 Oct. Oct. 19 10 Jan. 16* Jan. 12* Jan. 90 Sale Watch............. • 100 11 20 14* Jan. 22* Jan. 4 30 Sale • Central RR of N J 12 Jan. 8 Sale 100 Central Violets Sugar Co.. 19* Century Ribbon Mills... • 14 Jan. 1 2W 3 5 11* 14* Wheel Central Foundry Co ...1 Central 111 Lt 4*% pref.. 100 30 17 * Ce*»t"B Aguirre Associates.* Jan. 72 28 88 13 41 10 IIlOii 26 31 9 32* Sale 55* Sale 15* 15* Sale 88 Jan. Jan. Jan. Jan. 32* Nov. 23 94* May 7 Feb. 7 66* Dec. 27 104 18 Oct. 19 55* Mar. 17 16 27* Jan. 81* 18 Feb. June 29 Dec. 13* Sale 12 10* 17* 7% preferred...........100 preferred... 19 8* Sale 8* Sale 10* Sale 32 30* 90 87* 15* Sale 115 28 9 71* Dec. 22 106 3* Sale Sale 24* 14* Dec. 9 101 Jan Nov. 20 125 Mar Dec. 23 57* Feb. 70 4* Sale 2* Sale Sale Sale Jan. July 23 Mar. 5 12 105 27 27 21 22 6* Sale 16* 138 58 33 Feb. 27 Sale Sale 58 Brown Shoe. Inc Brunswlck-Balke-Coll 5% 107 IP Sale 1 Sale 29 18* 100 12 10 Mar. IS Jan, 83 34 Carriers At General Corp Case (J I) Co Jan. Jan. 6 Jan. Jan. 84* 85* Sale Sale 10 69 35 6 27 1 77* Jan. Sale 7* Feb. 72 97 26 Stamped.... Carpenter Steel Co 12 Mar. Mar. r. 42 42* 64 ~8* Sale' 60 13 18 111 19 13 Dec. 29 99 96 Feb. 4 126 30 Oct. 19 70 4* Oct. 19 16 2* Oct. 19 17 80 Nov. 27 100 6 Dec. 29 24* 28 Sale 40 26* Sale 14* Jan. 8* Jan. 3 Oct. 4* Oct. 57 22 98* 101 7* 3* preferred series A—....1 Brooklyn Union Gas • 21 93 Jan. 97 Sale 8* 19* Sale 26 22* » 12 Jan. 28 Jan. 39* 18 37* Jan. 12 10* Feb. 10 46 Feb. 18 4 121* Feb. 8 Dec. 32* 62* 20* 5* 9* 104* 7* 39* 42* 10$% 19 Oct. 116* May 83 30* Bridgeport Brass Co......_.* Briggs Manufacturing r Briggs 8c Stratton .....' Bristol-Myers Co 1 Brooklyn 8c Oueens Transit. $6 preferred ......' Bklyn-Manhattan Transit.. 7% debenture......... 100 Jan. i* 5* 0* Jan. 42 99* Burroughs Add Mach tBush Terminal Co..... Sale 21* Sale 5% Sale 12* 9* 6 33 Burlington Mills Corp 65 110 3* Sale 2* it* Sale 21 ^ 7 22 72 71 Sale Sale Bullard Co 70 34* Sale 93 34 42 Bulova 4-/8 85 Sale 75* 80* 75 21* 5* 9* 20* 104* 7* 40* 42* 14 94* Jan. 39 5 18 24 7% 12 28 Jan. 30: (E G) Mfg Jan. 30* Jan. 6* Jan. 3* Jan. 6* 77 Bloomlngdale Bros....... Preferred 90 Sale 80* 14 Budd 31 Sale 4 Sale Budd 12 72 Jan. 34 Bucyrus-Erle Co Jan. Jan. Jan. 8c Decker Mfg Co....* Blaw-Knox 3* 3 58 65 67 Sale Sale Prices 10 34 14* Sale 43* 18 Jan. 78 22 88 Jan. Jan. 40 92 ' Jan. 5* Jan. 34 Sale Blumenthal 8c Co pref....100 Jan, 95 Sale 13 68 Sale Black 119 Sale Jan. 70 127 19 126! 6* Highest Sale Prices 2* Dec. 29 30* 6 120* 4 100* 3 6* 40 66 5% preferred............20 7% preferred 100 Bigelow-Sanford Carpet Inc * 4 Sale 36 110 83 59 6* 5 6 67 70 13* 10* 27 * 18 112 24 * 25! 22: 94* 32* 12* Jan. 25* Jan. Lowest Sale Prices 19 Jan. 11 4 Sale 82 58 7* Sale "21* Sale" preferred......100 Barber Co Inc.............10 Sale Highest Sale Prices Sale 33 * conv 63 6* 70 101* 102 * 5* 85 74 Sale 98 Sale 31 70 3* Sale Sale 100 Sale 4% preferred...........100 5% 97 5* Sale 13* 27 Lowest Ask 119 95 Sale 120 5 26 119 134 H Sale 12* 2* Sale Bangor 8c Aroostook......5i< 7% preferred....... 100 Caterpillar Tractor. * 5% preferred .....100 1,637,250 Cefanese Corp of America. • 13,140 7% prior preferred....Il00 128,800 Celotex Co • 280 3,000 28,000 ............ 270 Car Clinch F At Ohio Ry..l00 390 20,700 3,300 36,800 24 when Issued...... 13 tBush Term Bldgs— Pref ctfs "I deposit.....100 of (wV jUulli 20,030 ■ 382,200'Butler Brothers....... 10 160,300 5% conv preferred.......30 798,100 Butte Copper At Zinc.......6 375,900 ByersCo... * 17,740 Partlc preferred 100 141,000 Byron Jackson Co • 120,600 Cam Packiua Corp. 3,400 5% preferred............50 1,903,800 Callahan Zinc-Lead... ..1 1,350,300 Calumet At Hecla Cons Cop .5 171,700 Campbell W At C Foundry...* 1,132.000 Canada Dry Glng Ale. 5 1,335 Canada Southern Ry Co..100 1,353,200 Canadian Pacific...... 25 28,000 Cannon Mills ♦ 41,500 Capital Admin Co Ltd c A--1 2,970 33 preferred class A.....10 2,500 3,900 22,300 870 c 1,350,550 Boeing Airplane Co.. ..5 130,400 Bohn Alum 8c Brass Corp 5 ...» 8,290 Bon Ami class A.... Class B 11,830 34,900 Bond Stores Inc............1 633,400 Borden Co (The) 15 512,700 Bora-Warner Corp.........5 97,600 Boston 8c Maine .......100 50 43,700 tBotany Cons Mills A 28,100 Bower Roller Bearing Co..17 500 740 V t 1.400 Belg Nat Rys 20 320 Assented..... Baltimore 8c Ohio 680,200 Bendlx Aviation Corp......5 171,800 Beneficial Indus Loan Corp.* 56,400 Best At Co 3,171,000 Bethlehem Steel Corp (Del). 65,800 9,000 9,700 502,600 6,500 6,700 2,500 5,000 22,000 8,300 3,100 24,300 15,700 Baldwin Locomotive Works .* Ask Bid 11 a?* Sale Jan. 31 3 Bid Sale 69,500 Beatrice Creamery........25 $5 preferred w w.. 101 8,000 50 1,180 Beech Creek RR Co 40* 20 108* 13,900 Beech-Nut Packing 13 154,400 Beldlng-Hemingway. ..._.* 2,700 • Ask ... 2,900 21,200 1,300 ^ Jan. 1937 Par 30,400 Andes Copper Mining Co. .20 42.800 A P W Paper Co • 61,700 Archer Daniels Mid Preferred 100 780 28,900 Armour (Del) 7% pref 100 5 3,362,800 Armour of Illinois $b convertible preferred. 53,590 7% preferred ......100 5,400 436,600 Armstrong Cork Co 103,600 Arnold Constable Corp.....5 * 124,600 Artloom Corporation Preferred ....100 310 1 377,700 Associated Dry Goods.. 6% 1st preferred.......100 8,400 3,400 " RANGE FOR Price Jan. 2 1937 Sharer PRICES IN JANUARY STOCKS N. Y. STOCK EXCHAN GE 12 Months EXCHANGE—STOCKS 101 Sale Sale 27* Sale Sale Sale 79 98* Jan. 42* Jan. 100* Jan. 14 Jan. 92 Jan. 19* Jan. 55* Jan. 26 Jan. 3* Jan. 104* Jan. 9* Jan. 2* Jan. 10* Jan. 15* Jan. 10 Oct. 19 11 Oct. 19 Dec. 28 9* Oct. 19 10 14 10 Jan. Jan. 11 44 Jan. Jan. 10 15 6* Jan. 37* Jan. 28 4* Dec. 29 37* Dec. 16 iS* st* 86 18 Jan. 28 17 90 Jan. 8 85 18 Jan. 11 4* Jan. 12 97* Jan.! 0 Jan. 6 19 80 97 0 40 8 97 61 Jan. 14 17* Mar. 16 Nov. 24 Jan. 9 Mar. 11 Jan. 2 Oct. 8 102 Nov. 12 106 13* Nov. 19 2* Oct. 19 20 55* Jan. I 102* Jan.J 18* Jan.. Nov. 23 Dec. 16 Feb. 8 Jan. 18 35* June 2 9* Apr. 20 191* A: ig. 129* Jt a. 3 22 2 13 Nov. 22 100 kFtb. 1 Dec 15 105* At g. u Dec. 29 41* May 20 l 2 90 Dec. 21 25* Jan. 60 Jan.'. 7 19* Dec. 29 7 3 Oct. Oct. 21 28 52 24 2 2 Oct. 19 5 96 94 Jan. Jan, 4* Jan 105 11 Jan : 1 19 June 29 Jan.; C 8 Oct. 19 8* JaD 1 0 4 Oct. 19 6 Jan. 5 97* 6* Oct. 80 108 Dec. Jan. Jai t 95 Jan. Ja» ( 115 June 48* Mar. 82* 39* 12* 107* 41 * 24* 14* 3* Oct. 19 95 Sept. 23 115 Jan. Jan. Jan. Jan. Jar. Jit. mp. .for * 9 8 7 12 28 26 15 11 3 14 FEB., 1938] aqqheuate Y. STOCK N. EXCHANGE-STOCKS RANGE FOR PRICES r N JANUARY sales YEAR 1937 Price In January 12 Months 1937 Shares 240 ..... 2,300 2,700 6,100 53,300 1,400 3,100 5,400 14,100 , 30 4,500 17,300 29,700 • 19,900 5,100 16,100 118,200 276,100 21,700 219,800 152,400 129,500 33,400 82,800 270,600 3,020 4,628,800 145,700 16,950 800 4,500 3,600 3,600 1,500 4,700 9,000 567",900 6,000 490 100 Preferred * S3 conr preferred.......-* IChlc Rock 1st Ac Pac 100 Chicago Pneum Tool ...—100 * Chicago Yellow Cab Cblckatha Cotton Oil.....10 Chile Copper... "3", 700 4,900 143,200 35*$ Jan. 3 Jan. 28 25 22*$ Jan. 28 46*$ Jan. 8*$ Jan. 30*$ Jan. 11 10 10 Jan. 27*$ Jan. 7*$ Jan. 3 105 Jan. 29 30*$ Jan. 5 12*$ Jan. 27 12 Sale 39 Jan. 28 11 Sale 32*$ Jan. 27 28 Sale 6*$ 42*$ 33*$ Sale 2 *$ Sale Sale Sale 9 31 *$ Sale 5 Sale 3*$ Sale 11*4 Sale 7*$ 2H 14 *4 7*$ 31 11*1 24 *$ 2*$ if* Sale 6*$ Sale 24 §4 26 Sale Sale 51 86 Sale Sale Sale Sale Sale 28 90*$ 1*$ 3*$ \X Sale 5 Sale |S 3*$ 9*$ 11 89 1 2*$ A Sale 4 2*$ 11*$ Sale % Sale aVA Sale Sale Sale Sale Sale Sale Sale 28 1 1 Sale 2*$ Sale 29*$ Sale 2*$ 1*$ 9*$ 2*$ }<\X 15 Sale 4*$ 36 Sale Sale 62 53*$ 12*$ 66*$ 75 56 13 ;p II* ft* 3 Sale 50 Sale Sale Sale 17*$ 19 2*$ 18?$ y& 46*$ Jan. 38*$ Jan. Jan. •5 4 *$ Jan. 4 2*$ Jan. *$ Jan. 26 89 89 90*$ 1*$ 3*$ 3*$ 30 *$ 2*$ 1*$ 9*$ „— Sale 9 39*$ 1 56 10*4 105 Sale c 3*$ 26 Sale A* 6 Sale Sale 36* 34 *$ .. 103*$ 89 City Ice 8c Fuel ..* 6M% preferred.........100 Equipment 38*$ Sale 6*$ Sale Sale 19 Clark Highest Sale Prices Sale "912 ~~q~ 115 340 City Investing Co........100 ..........5 190,100 City Stores.. Lowest Sale Price Sale Sale 86*$ 5 ... Highest Sale Prices 26 50 35*1 .......25 Chrysler Corporation Ask 36*$ 6*$ 109*4 110* » Chllds Co Lowest Sale Prices Jan. 31 Ask Bid Sale 100 7% prefferred....... 4% preferred 3 Bid Sale Sale . 300 - Ask — 3,790 Jan. 1937 * 446,800 Cerro de Pasco Gopp 1 697,600 Certain-Teed Prod 6% prior preferred—.."00 46,930 Champion Paper At Fibre Co 6% preferred lOi 3,350 Common.................* 158,100 5 20,600 Checker Cab 154,250 Chesapeake Corp. .........' Chesapeake Ac Ohio 25 955,750 Pref series A.. ......100 15,200 1<H» 53,300 SChic At fcast 111 RR 4% preferred.. .......100 148,600 164,100 $Chlcago Great Western.100 4% preferred...........100 266,600 3,020 tChic lndianap Ac Louis ptlOO 5 76.800 Chicago Mall Order Co 244,800 tChic Mil St Paul A Pacific.* 5% preferred...........100 626,400 556,500 tChicago ft North West..100 21.300 * Jan. 2 Par Shares 44,400 : N. 7. STOCK EXCHANGE i 3 1*$ 3*$ 1*$ 5*$ 2*$ 5 Jan. Jan. Jan. Jan. Jan 11 5 2*$ Jan. Jan. *$ Jan. 1*$ Jan. 14 Jan. 27 1 Jan. Jan. Jan. 4 1 3 1*$ 1*$ 4*$ 12*$ 3 3 9*$ Jan. 29 Jqn. 29 1*$ 1*$ 9*$ 12*$ 3*$ Jan. Jan. Jan. Jan. Jan. 32*$ 1*$ 2*$ 2*$ 12*$ 15*$ 5*$ 4 Jan. 1 4 - 5 3 5 3 . 19 Oct. 19 10 1 Oct. 19 10 3 Oct. *$ 1*$ Jan. Jan. 10 Jan. 12 Jan. 15 Jan. 17 Jan. 20 Jan. 11 Jan. 12 Jan. 12 Jan. 12 Jan. 12 Sale Sale 59 63*$ Jan. "15 13*$ Jan. 12 66*$ Jan. 21 3 4 Jan. 70 9,350 Cleve Elec 111 $4.50 ser pref..* 141.000 Cleve Graphite Bronte (The) I 610 Clove 8c Pitts RR Co 7% gtd 50 5,000 40 Special 410 17",400 59,900 13,300 guar 4%........50 111*$ 36 82 Sale 27 3*$ Jan. 4 24 Jan. 7 12 8c Co......* 168.400 Preferred ......100 1.420 144.500 Coca-Cola Co (The)........* Class A 11,600 833.500 Colgate-Palmollve-Peet Co..* 6% preferred...........100 17,900 * 246,100 Collin* ft Alkman 5% preferred.. ....100 5,730 .* 1,320 Colonial lieacon Oil Co 148,000 Colorado Furl 8c Iron Corp..* 100 23,420 Uolorsdo A H inthern. 4% 1st preferred.......100 14,920 4% 2d preferred 100 3.960 7,600 400 33,100 2,800 11,200 300 . 510 1,300 . . 320 110 Columbia 13,500 2,700 5,300 8,400 490 81,100 4,600 60 80 3,500 3,600 153,300 6,200 5,200 91,900 84.166 59 11*$ Jan. 95*$ Jan. 27*$ Jan. 12 Jan. 22 1,685,700 87,040 37,000 39,700 30,000 700 11,000 7,400 700 500 25,600 2,200 9,300 9,600 19,500 54,000 3,800 46 850 15,200 200 12,400 25,500 2,600 3,000 9,600 34,000 200 1,400 31,050 800 70,400 1,100 7,000 4,700 15,600 880 3,100 28,500 5,100 237,000 94,000 70 20 10,000 2,500 800 21 Sale 27 21 "5",520 320,600 69,700 Sale 10 9*$ a*VA 106*$ 98 Sale pref ser of '35..* * 13*$ 37 14*$ Sale 19*$ 7% preferred...........100 6*$% prior pref........100 15 Jan. 6 9*$ 9*$ 7*$ 8 Jan. Jan. 9 Jan. $5 preferred • Consol RR of Cuba 4% pf.100 V onsolldated Textile. Consolidation Coal Co vtc.25 5% preferred v t c 100 Consumers Pow Co $4.50 pf.* Container Corp of A merle*. 20 continental Bak cl A. * . 8% preferred...........100 44*$ 106*1 9*$ 16*$ 104*$ 10 *$ 9*$ 36*$ Sale 108*$ 9*$ Sale 106 10*$ Sale Sale Sale 20*$ Sale 29*$ Sale 3*$ Sale 98 102 67*$ Sale Sale ......1 Sale Continental Oil of Del.....5 Sale Continental Steel Corp • Corn Exch Bank Trust Co..20 Sale . Corn Prod Refining.... Preferred... ... 25 100 Coty,Inc .......25 Co Sale 68*$ Sale 170 6*$ Sale 49*$ Sale preferred......100 Cream of Wheat ctfs.......* Crosley Radio... .........* Crown Cork Ac Seal........* $2.25 conv pref w w Preferred ex-warrants * * Zellerbach - Class A Cushmans Sons 7% pref $8 preferred....... Cutler-Hammer, Inc., 22 355$ 26*$ "36" 76 Sale 54*$ 47 Sale 56*$ Sale Sale MX 105 28*$ 29 2$ Sale 14 50 Sale 59*$ 164*$ l\* Sale «ZS. Sale 37 11* 33 34*$ 83*$ Sale *$ Sale 6*$ 4*$ Sale 66 Sale 90 Sale Sale Sale Oct. Oct Oct. 3 49*$ 16*$ ~17*$ 100 * 108*$ 20 29 H 28 X Sale 17*$ Dec.. 29 Sale Sale Oct. Jan. Oct. 90 Mar. Nov. Dec. Dec. Oct. June Oct. 50*$ Feb 14 26 41 24 82 47*$ 24*$ 13*$ 110*$ 93*$ 56 *$ 8*$ 18 Jan. Dec. June 59 62*$ Feb., 13 112*4 Mar. 9 45 Apr. 12 51 J$ Feb. 10 27*$ Mar. 5 32 Aug Aug Apr. 11*$ Oct. 5*$ Dec. 16*$ Dec. 16*$ Dec. 15*$ Jan. 10 5 33 60 63 61 Jan. 65 Jan. 18 34 Sale 28 3 38*$ Jan. 17 83*$ 37*$ 94*$ 86 Jan. 5 86 Jan. 5 Sale 36 Jan. 3 17 96 93 Jan. 17 44*$ Jan. 93*$ Jan. 3 31 *$ 125*4 39*$ 46*$ 20*$ Nov. Oct. 10 Jan. 11 25*$ Dec. 9*$ Jan. 13 x4*$ Oct. 26 Jan. Jan 20 Jan. 14 8 14 8 12 26 25 21 13 13 z68*$ Oct. 64*$ Dec. 30*$ Dec. Jan. 101 Jan. 80 Dec. 114 34 86 Dec. 69 M Jan. Jan. 80 K Jan. Jan. Jan. 120 21 Dec. Jan. Jan. 12 5 1 Oct. 3 Sale 32 Jan. 27 42*$ Jan. 13 34 Oct. Sale 23*$ Jan. 31 25 Jan. 26 Jan. 27 20*$ Sale 20*$ Jan. 7*$ Jan. 6*$ Jan. 14*$ Jan. 6*$ Jan. 66*$ Jan. 31 7*$ Jan. 24*$ Jan. 22 Jan. 5 9*$ Jan. 19*$ Jan. 15 17 8 17 15 65 14 25 2 2 1 20 108 32 9 25*$ Mar. 19 6 104*$ Jan. Jan. 3 7 29*$ July 15 3 132*$ June 170*$ Apr. 2 98*$ Nov. 65 3 18 48*$ Aug. 16 Dec. Dec. 95 10 15 8 Sale 1*$ Sale 6 7*$ 9*$ I* 15*$ 6*$ "73"" 1H 5*$ 22 Sale Sale 6J* Sale 6 Sale Sale Sale Sale 7*$ Jan. 1*$ Jan. 6 4*$ 19*$ Sale Sale 8 Jan. 68 Jan. 75*$ 1*$ 6*$ 25*$ 96*$ 5*$ 10*$ Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 31 4*$ Jan. 8*$ Jan. 28 3 29 3 3*$ Jan. 7*$ Jan. *$ Jan. 5*$ Jan. " Jan. 4*$ 21H 92 10 19| 13 J Feb. Oct. 19! 17. Dec. 23 105 105 2*$ Oct. Apr. *$ Oct. 15 if Feb. 13 5 52! 92] 37! 37! 3*$ Oct. 7 12 3 Oct. 12 16 Oct. 83* Jan. 86*$ Jan. 12* Jan. 16*$ Jan. 10*$ Jan. 1*$ Jan. 16*$ Jan. 2*$ Jan. 82*$ Jan. 21 18 15 79*$ Dec. 10*$ Oct. 7*$ Oct. 73 Jan. 38*$ Jan. 107 Jan. 3 28 3 28*$ Jan. 28 12*$ Jan. 27 50 Jan. 58*$ Jan. 164 Jan. •3*$ Jan. 13 11 12 Jan. 25 9*$ Jan. 17 32 Jan. 12 1?$ Jan. 34*$ Jan. 16*$ Jan. 10 12 56 5 65*$ Jan. 17 10 9 Sale Jan. 11 3 31 1 Oct. 65 Oct. Jan. 12 23 3 14 Jan. 11 21 11 4 31*$ Jan. 34*$ Jan. 28 10*$ Jan. 39*$ Jan. 28 37 Jan. 4 31 Jan. 31 33*$ Jan. 12 9J$ Jan. 3 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Aug. 1 Jan. 1 28*4 Jan. 1 100*$ Feb. 56*$ Jan. 37 Nov. 12 17 34 1 'P 6*$ Dec. 28*$ Nov. Jan. 2 July 1 Mar. Feb. 1 71*4 Jan. 1 Jan. 1 Mar. 1 Feb. 22*$ Nov. 8S*$ Dec. 25 2 3§*$ 77 Oct. 12 Jan. 1 1 1 1 Feb. JX 49 9*$ Oct. 46*$ Nov. 50*$ Oct. 153 Apr. Jan. Apr. Jan. Jan. Feb. 25*4 Jan. Oct. 98 ' 2 Apr. Apr. Aug. 1 42*$ -Jan. Oct. 27 2 69*$ Jan. 108*$ Dec. *$ Oct. 24 2 Jan. 10S8 37*$ Dec. 106*$ Dec 5*$ Oct. 15 7 164*$ Jan. 3 4*$ Jan. "22*$ 8 45*$ Jan. 5 110 3 3 Sale 63 1 Jan. 31 10 3 __ 4*$ 22 Jan. 36 14 7*$ 5*$ Jan. 19 Sale 12 19*$ Feb. 1 45*$ Mar. 1 19*$ Jan. 2 Dec. Jan. 1 22 Dec. 26 July Oct. Oct. 19 18?$ Jan. 1 Mar. Oct. 18 87 95 Mar. 1 Oct. Jan, 2 5! Oct. Jan. 18] Oct. 49 j Jan. 2 Dec. Jan. 1 Nov. 26108 Jan. 91*$ Jan. 22*$ Jan. 31 11 Jan. Dec. 4 93 Sale 34 25 & 75*$ Jan. 4*$ Oct. 20 17 Sale 34*$ Sale 14 Oct. 100 1 *$ Jan. Sale * 3 6 92 Sale 168 8 5 Sale 50*$ 59*$ 8 28 31 1*$ 28 „ 13*$ 2 3 Jan. 28 Sale 10 18 1*$ Jan. 5*$ Jan. 20*$ Jan. 71 7*$ Jan. 27*$ Jan. 8 Dec. 47*$ Jan. 30*$ Dec. 2 a SIX Jan. 31 •3 Sale *$ Jan. 6*$ Jan. Sale 4 Jan. 27 12*$ 72*$ 44*$ 94*$ 1 *$ 11*$ 5*$ Sale 70 Jan. 27 87 Jan. 15 18*$ 7*$ 50*$ 53$ 18*$ Jan. Jan. Jan. Jan. Jan. 72 66 Jan. 35*$ Sale 34*$ Jan. 80 Sale 80 2$ 9*$ 4*$ 6 43*$ 4*$ Sale 22*$ 17*$ 6*$ 13*$ 7 14 Sale July 15 10*$ Mar. 1 48 Aug. 10 113 11 Jan. 22*$ 12 74 18 179 15 79 60 Sale Sale Feb. 92 Oct. Jan. 31 48*$ 22*$ Sale" Mar 8 14 29 3 11 11 18 18 102*$ June 19*$ Dec. 76 Jan. & 49 102*$ 21*$ 22*$ Mar. Dec. 31 Dec. 21 19 22*$ Jan. 21*$ Jan. 70 15*$ 48*$ Vkx 80 Jan. Sale Sale Sale 100 Jan. Jan. 70 Sale Sale 22*1 29 28 5 Sale 27*$ Jan. 30 Jan. Sale 4 Mar. 19 19 19 19 Oct. 2 9 Aug. 28 3*$ Mar. 17 10*$ Feb. 19 Dec. Jan. Sale 16 Feb. 45 8 Jan. 70 39*$ Sale 6*$ Mar. 4 19*$ Feb. 17 33 46*$ Dec. 29 135*$ Feb. 11 Oct. 19 21*$ Feb. 57 8 6 Jan. 20 Mar. 18 Mar. 17 7*$ Dec. 7 Sale 106*$ Mar. Mar. May 10 10 12 87 15 Sale Sale 81.000 Dleeef-Wnmmer-GII hertCor pi A 8 30 Sale 27 8 4 18*$ 12*$ 32 3*$ 15 12 Sale 162 Sale 23*$ "53" Sale" Sale Sale 13*$ Mar. 17 10 Sale 31*$ Jan. Mar. 11 Mar. 16 10°, 19 12 10 Feb. 4 63*$ June 10 48 Feb. 13 90*$ Mar. 6 68*$ Mar. 3 Jan. Sale 84*$ Feb. 82 8*$ Jan. 11*$ Jan. 9*$ Jan. 20 27 29 Sale Sale Corp (The).-l new., 27 3 31 39*$ 107*$ 109*$ Sale 9*$ 63*$ Conv 5% preferred......25 Dayton Pr Ac Lt 4*$ % pro 12 Jan. Sale Sale 0 4 17*$ Jan. 17*$ Jan. Sale 92 96*$ Sale 5 4*$ 4*$ Sale Sale 9 9*$ Sale 100 106 98*$ 104 5*$ Sale 3*$ Sale *$ *$ *$ Sale 4*$ Sale 3*$ 4*$ 16 15 17 20*$ 84*$ 86*$ 83*$ Sale 12*$ Sale .13*$ Sale 13*$ Sale 10*$ Sale Sale 2 1*$ Sale 81 79 69*$ 72 17*$ Sale L18*$ 123 1*$ Sale 1 ....* new..* Davega Stores Corp..... Preferred 72 1 Curtiss Wright Corp.... Deere At Co Sale 8*$ 20*$ Insurance..2.50 Continental Motors. 6 1*$ 5*$ Continental Diamond Fibre 5 Continental 96 11 65 18 7 Sale 70 Consol Film Industry......1 $5 preferred.. 19 Oct. 1 26 8 Sale jy* 17*$ Sale 7*$ Sale 66*$ Sale * $2 partic preferred.......* Consol Edison Co of N Y *nc * 5*$ 22 7*$ * Conn Ry 8c Ltg 4H % pref. 100 Consol Aircraft Corp... ..1 Consolidated Cigar..... 1*$ Oct. 6*$ Oct. 23*$ 70*$ * CongressClgar 14 12*$ 93 Sale Sale Sale 40. 3 Jan. *31 *$ 85*$ 7*$ 1*$ 39*$ For footnotes see page Jan. 95 35 Sale Sale Sale Sale 120 conv 21 Jan. Jan. 29 Sale $4.25 con Commercial 5% Sale Sale Sale 27*$ 8*$ 72*$ 64*$ 31*$ 19 Jan. Sale 90 Crane 12*$ 15*$ 6*$ 9*$ 3 125 92 91?$ 17*$ Sale Sale Class B 90 61 Sale 8* Sale Sale 67 12 81 Davison Chem 130,900 3,600 1,900 Sale 8*$ 7*$ 37 - 100 30 17*$ 17*$ 121 10 Corp ..5 1,594.400 $5 conv pref.......... * 40,500 .100 378,100 Crucible Steel of Amer Preferred ............100 11,800 * 144,800 Cuba Co (The) 15,180 Cuba RR 6% preferred... 100 10 408,010 Cuban American Sugar Preferred 100 16,250 50 50,150 Cudahy Packing...... 330,002 Curtis PubUshlng Co (The)* Preferred ..........* 89,300 120 95 Sale Crown 2.410 1,830 34,900 47,700 36,200 22 120 18.400 2,876,700 1,054,100 Sale Sale VOX 25 4H% conv preferred....100 549.500 Continental Can..........20 $4.50 preferred * 1.900 159,000 237.600 722,300 999,100 144,700 32,830 353.200 10,900 698,700 398,100 86,600 53,500 135,600 401,700 11,000 21 95*$ Comm'l Investment Trust..* 1,012,200 21,000 19", 600 <?,X 95 '20"" "29*4 "l2*$ 6% pref series A........100 5% preferred..........100 .........* 137,400 Consol Laundries Corp.... 6 2,749,900 Conso'idated Oil Corp......* 4,800 82,400 724,900 331,600 57,880 4.200 1.020,900 386,700 58 Sale 98 Sale ns...... 14 28 Sale Congoleum-Nalrn Inc Jan. 25 58*$ 8*$ 57*$ Jan. 3 115 Jan. * ..* Conde-Nost Public 7 10 Jan. Sale 299,600 11,400 3.720 233,500 87,400 1,370 4,580 135,100 124,900 Jan. Jan. 8*$ Jan. * Solvents 40* 15* 33*$ Jan. 28 13*$ Jan. 27 59 Sale ' 34*$ Sale 13*$ Sale 113 • 1.300 Sale Sale $6 preferred ... * Commonwealth Edison Co.25 7,200 1,000 Sale 115 Commonwealth ft Southern ♦ 400 27 Sale 57 Sale 103 *4 104*$ 58 *4 Sale Columbia G h Kl common...* Commercial Credit.. Jan. 113 56 20 *$ Columbia Pictures Corp vt c pref 10 76 122*$ 124 System Inc class A....2.50 B 2.50 conv 26*$ Jan. 27 Ill Class v t c 28 Sale 146,400 20,500 r Jan. 115 3,706,500 100 76 ' 28 Sale 9,900 6,700 17,800 80 7 109*$ Jan. 111 59,400 340 Sale 76*$ Broadcasting Columbian Carbon $2.75 21 106*$ Jan. 19*$ Jan. 127 126 140,400 700 Sale 49 11* 47.070 20,600 78.200 177,200 14.700 2,988,600 37,100 2,240 435,900 16,700 393,400 16,500 1,348.300 147,400 1,200 109 47 ciuett. Pea body 120 105*$ 107 20*$ Sale 15 Dec. 28 Dec. 28 Dec. 28 Oct. 19 Dec. 29 Dec. 23 Oct. 19 28*$ Dec. *4 *$ Dec. 28 L79 82 Co....* Climax Molybdenum *$ 25$ 6*$ 58 2*$ Jan. 17*$ Jan. 10 C C C 8c St Louis Ry Co...100 750 2*$ 10 5 10 36 46$$ Jan. 11*$ Jan. Sale 25*$ Nov. 23 5 Oct. 19 Nov. 24 31 Oct. 19 89 Dec. 15 ;40 *$ Oct. 22 86*$ Mar. 10 23*$ Feb. 10 2 111 2 13 48 Sale L03*$ Dec. 25 22 3 26 17 Jan. Jan. 11 11 34*$ Dec. 29 3*$ Oct. 19 18*$ Oct. 19 o y 16*$ Sale 46 Sale Sale 55 Sale" 6 Sale 15 Jan. 3 5 Jan. 3 Jan. 3 4 12 11 17 3 7 4 12 Jan. 11 Mar. 1 20*$ Feb. 11 6 109*$ Jan. 6 12 18 3 28 5*$ Jan. 4 7 Jan. 15 Jan. 24 9*$ Jan. 8*$ Mar. 10 5 11 127 43 3 Jan. Jan. 17*$ Jan. 14*$ Jan. 15 10 14?$ Jan. 48*$ Jan. 22*$ Jan. 15*$ Jan. 4 6 28 13*$ 9*$ 102*$ Sale 18*$ 22*$ 22*$ 9*$ Sale 5 39 Sale 8*$ 104*$ 19*$ 22*$ 12*$ 5 3 25*4 Apr. 18 108*$ Apr. 15 81*4 Mar. 3 Mar. 10 135 12 Jan. Jan. Jan. Jan. 11 7 28 28 50 10 17 Jan. 10 3 103*$ Jan. 28] 25*$ Jan. 7 109 27 12 17 Jan. 3 25 Jan. 3 15*$ Jan. 11 Jan. Nov. 31*4 Mar 20 Jan. Jan. 14 Feb. 27 62 27 Oct. 29 18*$ Jan. 16 Feb. 24 5 86 12 22*$ Jan. 24*$ Jan. 23*4 Mar. 19 79 'an 5 1 5 N. Y. STOCK o* AGGREGATE In SALES 12 Months Share* 23.300 80.300 2.600 2.800 Bid 15 43,800 5,180 20,300 98,300 ... .. 390 45,100 1.244,840 Dominion Stores Ltd.......* Douglas Aircraft Co Inc....* 42,000 Dow Chemical Co..........* 11,600 Dresser (S R) Mfg con? cl A..* Class B..................* 45,400 20,700 {Duiuth South Sh At Ati.100 34,900 6% preferred...........100 68,300 Dunhili International......1 15,800 Duplan SUk...............* 600 7*900 600 >300 2,100 200 30 990 . 79,100 1,700 2,400 8% preferred...........100 520 300,000 12,100 15,100 49,700 146,500 Lowest 28 17)4 Jan. 12 6)4 Sale 6)4 Jan. 5 5 Oct. 2 Sale 1)4 Jan. 3 8)4 Jan. 2)4 Jan. 12 Sale 10 1 94 94 % Oct. Sale 6 Sale 4)4 29)4 20% 31)4 100 11 Sale 21% Sale 30 % 31% lift 75 W 32 18 K 49)4 Sale 11 11% 70% Sale "50)4 Sale" 36 1 !8 16 55 16)4 Sale 15)4 Jan. S8* 32 Sale 31 Sale 53)| 1% % Sale 1 %* 112 36 Sale 66 69)4 Jan. 19 5 8 6 Jan. 4 371 7% Jan. 19% Jan. Jan. 12 88% Dec. 24 10 20 27 5 Oct. 29% Dec. 18% Oct. 30 Oct. 5% Dec. 10 Oct. 19 29 60% Oct. 20 96 26 )4 Jan. 36 Jan. 9% Jan. 16 73 17 34 Jan. Jan. Jan. 98 22 15 29 21 Sale Sale Sale 19)4 23 10 191 8: % % Jan. 27 Jan. Jan. Jan. 3 3 3 2 % Jan* 10 Jan. 113 Jan. 22 28 120)4 Jan. 4 135)4 Jan. 4 113)4 Jan. Jan. 3 114 115 120* 113 12 115 111% Sale 107 % Jan 134 110 132 111 111% Sale 113)4 Sale 113)4 114 Sale 5)4 Sale 112 Sale Sale 159 Sale Sale 15)4 Sale 8)1 Sale 159 160 135 Jan. Jan. 111K Jan. 5 Jan. Jan. 10 12)4 Jan. )4 Jan. )4 Jan. 3)4 Jan. 17 3 3 8 28 27 15 19 17 10 28 12 115 3 Jan. Jan. Jan. 7)4 Jan. 5 85,600 1,400 1,300 78,000 14,700 12,600 .2,300 161,600 528,300 233.500 84,900 95,400 263,700 90,000 67.640 33.560 171,300 2,000 136.500 123,000 2,280 16,100 7,820 324.500 180,700 240,900 73,300 27.800 138,800 300 14,700 83,800 83.100 12,600 5,000 16,400 1,500 980 •1,570 12,900 "tf,So5 1,500 "-405 "9",555 3,300 9,900 5,000 2,000 3,200 Sale 335,600 25,100 2,700 4,800 37,500 800 300 4,500 5,400 15 12 12 7 3% Oct. Jan. 11 3% Oct. Jan. Jan. Jan. Jan. 21)4 4% 21)4 10)4 810 3,900 200 , 23.600 610 190 6,100 15,800 2,900 290 60 400 10,600 22,900 100 7,600 31.400 11,200 600 3.600 210 ^ 258.200 19,400 18,900 1,580 3.466,500 "2", 555 2.200 84.600 4,220 6.100 1.500 21.100 2.800 26 Jan. ■ 3)4 Jan. 27 46)4 Jan. 26 6)4 Jan. 49)4 Jan. 14 12 47 Jan. 54 Jan. 12 50 Jan. 62% Jan. 2% Jan. 10 11 17 % Jan. 34)4 Jan. 104 1)4 Jan, 3 Jan. 28 31 31 18 26 -.5 Evans Products Co.—...—5 Sale Exchange Buffet Corp .... * Sale 25 Sale 3 3 3 Sale 29 8% preferred...........100 5 Fairbanks Morse Ac Co—--* 6% preferred 100 Falardo Sug Co Porto Rico.20 Federal Light At Traction..l5 $6 preferred..............* Federal Mining At Smelt—100 5% Jan. 8% 6% 5% 10% 6 Jan. Jan. Jan. Jan. 1% Jan. 6 6 13 10 11 2 15 Jan. Preferred... 9 * 3 67)4 Jan. 28 % Oct. 1% Oct. 33 100 3 41 45 51 1% 4% 8% 5 3 6% Oct. Gabriel Co (The) Class A * ...—1 $3 preferred.............10 Gamewell Co (The) .* Gannett Co Inc conv $6 pf—* 5 bar Wood Industries Inc...3 Sale Sale 50 $6 preferred..............* Gen Amer Transp Corp.. 5 General Baking Co.......—5 $8 1st preferred..........* General Bronse—.....—-5 General Cable.............* ...........* 7%..........100 2)4 Jan. 29 89 Sale" 14)4 Jan. 56 "55"" 38 27 107)4 3 Sale Sale Sale 90 Sale Sale 5 150 2 Sale 8 % Sale 121K Sale 0)4 Sale \0 123)4 21 73 Sale General Electric.........—* 5 Sale Sale ...100 Sale 86)4 Jan. Jan. Jan. Jan. Jan. Jan. 21 Jan. Jan. Jan. Jan. Jan. 12 17 7 20 17 12 7)4 Jan. Sale Sale Sale Jan. 10 Jan. Jan. 25 Jan. Jan. Jan. 3 )4 Jan. 9)4 Jan. Sale Sale 120 Jan. 30 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 1 Jan. Jan. 18)4 Jan. 67 25 120 Sale 65 Jan. 24)4 Jan. 110% Jan. 37% Jan. Sale Sale 50 Sale 123 Sale Sale Sale 30 Sale Sale Sale 26 Jan. 4 Sale 7 102 Jan. Jan. Jan. Jan. 12 10 12 24 10 22 10 17 11 45 119 Sale 10 15 17 9K 103 IK Sale 99 Sale Sale Sale Sale Sale 20 50)4 Jan. 118 ' 99 Sale Sale Sale Sale Sale Sale Sale 58 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 20 18 12 11 7 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 8 15 18 10 10 10 10 10 6 11 18! Jan, 87 Jan. 1% Jan. 15 Jan. 19% Jan. 28 15 105 Sale Jan. 29)4 Jan. 112)4 Jan. 108 Sale Sale Sale Jan.~ll 59)4 10% Jan. 9% Jan, 57 Jan. 40. ■-W. "Jan"l5 Jan. Jan. 11 11 4 Mar. 11 Apr. 2 Feb. 19 Feb. 25 Jan. 14 Mar. 4 Mar. 9 Jan. 18 Feb. 19 Mar. 11 Feb. 9 Mar. Feb. Feb. 1 5 5 Mar. Feb. 1 Apr. 8 98 11% Oct. Sept. 54% Fen. Dec. 2% Oct. 40 Dec. 18 102 Jan. 58 1% Oct. 27 Oct. 80 Oct. 66 Jan. Jan. 46 58 39 18 12 20 Jan. 39 41 107 52 12 Jan. 118 Sale Sale Sale Sale 10 Jan. 37 Sale 105 15% 85)4 Jan. 13 21 12 21 5% Jan. 5)4 Jan. 93 % Jan. AH 95 Sale 0)4 154 Jan. 12 5 10 89 14)4 Sale 18 45 8 21 3)4 Jan. 13)4 Jan. 13)4 Jan. Sale 16 15 14 11 43 108 11 2 2)4 Jan. 103 150 129 Nov. 15 9K Jan. 95 Sale Sale 7)4 Sale Jan. Jan. 21 28 12 Jan. Jan. 24 105 4)2 Jan. 22)4 Jan. 103)4 Jan. 41)4 Sale Jan. 3)4 Jan. Sale 112 Sale 16)4 2% Sale 0 Jan. Jan. 125 Sale General Cigar Inc...——...* Preferred (7) ..100 Jan. 18% Jan. 50 Sale 2 Jan. 14)4 Jan. 28 35 6 Gen American Inveotors—* Jan. Jan. Jan. Jan. 28 Sale Gatr Co Inc (Robt) 6)4 32% Jan. 19 10 15 17 17 17 Jan. Jan. 8 Jan. 16 Jan. 70 11 18 19 Jan. 19 30 8 21 28 2! "4% Janr"l2 Jan. 4 Jan. Jan. M 7% Oct. 72% Dec. 2 6 Aug. 16 37% Feb. 11 16 Mar. 17 45% Feb. 11 16 Feb. 23 6% Mar. 14 60 Mar. Nov. 29% Jan. 1% Oct. 26 18% Jan. Jan. 18 Feb. 19 Nov. Nov. 115% Jan. Oct. Jan. 17 Oct. 21 78 Jan. Nov. 3 81 Feb. Nov. 86 Feb. Dec. Jan. 9 23 Mar. Oct. Oct. 35 Mar. Oct. 28 Mar. Oct. 14 Jan. Dec34% Mar. 11 *79 5 Feb. 19 Jan. 16 Jan. 19 Jan. 19 92% Jan. 14% Oct. Jan. 4% Jan. 16 7 Feb. 6 Jan. 14 7 Jan. 8 87 44% Jan. 16 2 Jan. 19 8 Jan, 18 Jan. 18 29 Feb. 11 60 Oct. Oct. Oct. 1 Oct. 7% Oct. 74" Jan~'l5 Jan. Jan. Jan. 26$ 6% Oct. 27 24 22 10% Jan. 8 19 23% Oct. tl8J4 Jan. 90% Jan. 10 Firestone Tire Ac Rubber Jan. 1)4 Jan. 15% Jan. Federated Departm't Stores.* 6% preferred Jan. 2)4 Jan. * Federal Water Service A Preferred 14% Dec. 29 7 33 Jan. 70 Federal Screw Works.......* A 15% Dec. 29 2% Dec. 29 150 28)4 Jan. 19 17 Nov. 24 198 Apr. 2 164 150 .....—..100 Federal Motor Truck Class 2% Oct. 144 11% Jan. 12 33% Jan. - see page Jan. 19 3 113.400 General Tire Ac Rubber Co..5 799.500 Gillette Safety Rasor ......* 24,800 $5 conv preferred.........* For footnotes 12 14 12 12 2)4 Jan.' 12 20% Jan; 12 3 40)4 Jan. 8 5 106% Jan. 18 Sale Sale Fairbanks Co: Jan. 30% Jan. % Jan. 2)4 4% 1st preferred.......100 4% 2d preferred —100 Eureka Vacuum Clean. 12 Jan. 40 26 5 27 29 % Jan. 1% Jan. Sale Sale .* 428,450 General Foods 9)4 Sale 2% Sale 793,600 General Gas At Electric cl A.* $6 conv preferred A......* 2,110 5% 59 73.000 General Mills..............* IK 62H \ preferred——.—100 6.690 8)4 119 6.962,200 General Motors Corp......10 2)4 Sale Preferred (0)... .........* 70,200 0)4 Sale 33.100 Gen Outdoor Advertising. A* 7 Sale Common.........——_* 184.600 4)4 Sale 80,400 General Printing Ink......1 $4 preferred..............* 107)4 108"" 1.540 174,800 General Public Service.....* 4% Sale * 145,800 General Ry Signal.. 67 Sale 620 6% preferred...........100 115 118 K 963.000 Gen Realty At Utilities Corp. 1 4K Sale $6 preferred..............* 70,200 44 Sale 184.700 General Refractories..——• 70 Sale 36,320 Gen Steel Castings $4 pref—* 87 Sale 205.200 Gen Theatres Equip Corp...* 30 Sale 28.400 Gen Time Instrum Corp....* 39 41)4 120 27".805 Equitable Office Bldg ..... Erie Railroad............100 6% preferred series A...100 50 121.735 First National Stores..._...* 42 529,900 Fllntkote Co (The)........ 48 25,200 Florence Stove Co..........* 7,400 Florshelm Shoe (The) cl A—* 33)4 7 * 229.300 {Follansbee Bros 98,800 Food Machinery Corp.....10 48% 5,480 4)4% conv pref........100 .10 "44)4 322,500 Footer-Wheeler 7% conv preferred........* 123 4,550 92,100 Francisco Sugar Co........* 1,880 Franklin Simon pref......100 "W 27 356,200 Freeport Sulphur Co....—10 3,280 T6% conv pref ....100 110 70 4,580 Fuller Co prior pref...... 41 13470 $6 2d preferred...... * 141.420 221.200 19,920 18,850 2,570 246.200 203,300 8,200 175,100 319,900 1.570 277.400 321,600 94.000 18,300 67,600 9,800 8,100 50 Sale 13)4 Jan. ,43 62 conv . 3,420 57.600 Jan. 4 48)4 55 l preferred ..... * *5.50 preferred w w. * $6 cum preferred......—* $5 Jan. 26 Sale Sale 104 Sale .......... 80 2.300 12,800 Engineers Pub Service. 8)4 Jan. 30 26 28 28 29 1 107% Oct. 21 112 Nov. 18 109% Oct. 27 115% Jan. 22 Jan. Jan. Jan. Jan. 5 160 55 39 3 8 Oct. 19 17 Nov. 20 122 Nov. 24 180% Oct. 20 135% 17 Sale Sale 2 ...... 28,700 210 33 26 % 98 130 Oct. 25 Oct. 19 Oct. 19 Jan. 3 % Jan. 4%% preferred.—..100 Fidelity Phenlx Fire Ina.2.50 170 Filene's (Wm) Sons Co.. * 18,255 6,100 16,000 36 161.600 6% preferred ....—-50 279,100 El Paso Natural Gas Co—-3 19.700 Bndicott-Johnson......—50 3,020 5% preferred......—...100 200 240 700 Light———* $7 preferred..............* % % 1% 10 106 Jan, 15)4 3% 15)4 8)4 3% Sale 11)4 Sale . 700 551.900 5.000 shares.......... $6 preferred .* 97,400 Elec Storage Battery. .—.* 96,800 {Elk Horn Coal Corp.......* 2,200 9,400 730 American Elec Power Ac 8% Dec. 28 157 Elec Ac Musical lad— 529,501 3,132,300 182,700 86.400 Dec. 24 21 12 5 Jan. 25 57% Dec. 28 12% Mar. 8 77% Jan. 25 79% Nov. 26 143 July 13 155)4 Jan. 27 167 Sale 162 17)4 Sale 3)1 Sale 17)4 Sale 9 . 19 Mar. 17 Mar. 9 Feb. 9 41% Jan. 25 46 % Feb. 17 35 Oct. 19 Dec. 2 5 26% Oct. 19 27 111)4 Sale 132)4 Sale 16% Oct. 12 Jan. 1* 15 19 11 31 20 21 Jan. 3 Oct. Oct. Jan. 87) 1 12 22)4 Jan. 60K Jan. 8% Jan. 46K Jan. 91 3 13 12 5 15 15 27 89 __ 58% Mar. 17 19 24% Mar. 8 19 10% Feb. 18 3 146% Jan. 7 19 22 May 19 29 76% Feb. 17 19 36% Feb. 2 15 40% Feb. 4 29 23 Apr. 10 4)4 Jan. 38)4 Sale 162)4 Sale Sale Sale Sale Sale Highest 37)4 Jan. Sale Sale Eastern Rolling Mills.-5 Eastman Kodak Co. of N. J-* ..... 7,400 189,700 14,300 6,000 4,000 1937 Highest Sale Prices 13 Oct. 19 Jan. Sale 90 18 Sale 118 Jan. Jan. Jan. Jan. 6)1 Jan. 12)4 Jan. 6 108 13$ 66 67 6% Jan. Sale If" Sale Sale 13)4 Jan. 24 31 3 5 3 3 26 6 4)4 33 161,400 3,720 6% preferred 100 4 197,000 Eaton Mfg. Co...... 383,100 Rltingon Schtld * 629,710 Electric Auto Lite (The) 5 3 964,300 Electric Boat. 90 Highest Sale Prices Ask Sale 95 556,400 Du Pont de Nem Ac Co (EI).20 173 % Sale Sale 25,800 4% nonvoting deben.-ioo 134 $4.50 preferred...........* 8,500 5,750 Duquesne Light 5% 1st pf.100 ii2% in"" 14,600 12,900 Lowest Sale Prices Jan. 31 Sale Detroit Ac Mackinac Rjr Go 100 Devoe Ac Raynolds A * Diamond Match • . 3 Ask Sid Sale 14)4 1) IOi» Participating 4% Pref. .25 24,900 59,100 Diamond T Motor Gar Co...2 509,700 Distil Corp-Sesgrnms Ltd...* 26,700 5% pref with warrants. 100 29,700 Dixie-Vortex Co............* Glass A 4,520 89,050 Doehler Die Casting Go.....* 444,550 Dome Mines Ltd............' 7,200 59,100 3,800 144,800 4,200 > Jan. 1937 550.800 Delaware Be Hudson—.100 50 890.100 Del Lack Be Western 75,100 {Denver RtoGr Ac Wea pref 100 20 YEAR Jan. 2 Par DetroitEdison RANGE FOR Price Sharer 1.300 5,000 2,100 8,700 14,400 1,900 1,400 , PRICES IN JANUARY STOCKS N. Y. STOCK EXCHANGE 1937 January EXCHANGE-STOCKS 135 Jan. Jan. Jan. Jan. Mar. Jan. 73 48% Jan. Oct. Oct. 20% Oct. 6% Oct. Oct. Dec. Dec. Oct. Nov. 9 9 3 14 12 9 13 25 4 8 18 Mar. 3 28 July 19 28 *39% June 21 19 33 Jan. 16 23 Jan. 28 Oct. 19 Feb. 1 Oct. 19 15% Mar. 9 Nov. 5 105 % Jan. 5 Nov. 22 86% Feb. 17 Oct. 19 19% Jan. 14 Oct. 13 153 Feb. 4 Oct. ,19 14 Feb. 11 Oct. 19 Mar. Oct. 19 Mar. Oct. 25 p. 31 Mar— Dec. 29 Jan. 23 Dec. 16 152 Jan. 18 Oct. 19 64) Jan. 21 Nov. 23 44 Feb. 9 Oct. 19 3 Jan. -18 Nov. 16 64 Jan. 29 Oct. 19 65 Jan. 18 124 May Feb. 1 Dec. 29 70 Feb. 11 Oct. 25 122 Feb. 2 Oct. 19 60 Jan. 9 Oct. 19 Feb. 1 Oct. 19 Mar. 20 Dec. 16 110 Jan. 19 Dec. 27 5 Jan. 13 Oct. 19 65 Feb. 4 Nov. 8 117 Jan. 22 Oct. 19 5 Jan. 20 Oct. 19 48 Jan. 7 Oct. 19 70 Feb. 4 Oct. 19 88 w! Oct. 19 33 Jan. 25 Dec. 16 43 Feb. 11 Nov. 29 95 Nov. 29 Oct. 19 24 Aug. 30 Oct. 19 20 Feb. 1 Oct. 19 88 Feb. 23 15$ . 65H _ 15 FEB., 1938] AGGREGATE In N. Y. STOCK EXCHANGE-STOCKS SALES January Share* 34,100 73,700 56 6k 4H% Gobei con* (Adolf) 1 6k Goodrich (B P)....... 32k 81 k * $.* preferred,.............4 •midyear T 8c 28 k R ———.—* $5 preferred 101k Ilk 93 3k • 9,sIo 46,400 9,500 5,300 380 1,000 I,600 - 88k 46 Sale Sale Sale Sale 6k 4k 21k 43 k 47 k Sale Sale 8ale Sale Sale 96 k Sale Sals Sale 23 Sale Sale 6k 51 Sale 51k 2k 42 13 k 17 k 76 Sale Sale 4H dH lk Sale 4 k Sale lk 2 Ilk Sale 13 Ps 15 24 k 25 Sale Sale 13 21k 26 62 k 34 14 k 3k 40 Sale 16 k 9k 8 51K 66 51 13 53 12k % 123 Sale 3k Sale 47 45 Sale 145 52 2k Sale 92 3 Sale 42k Jan. 31 Sale 20 k 48 20 "20"~ Sale" 3 Ask Bid Bid 117 508,100 290 ; preferred.....50 45 Granby Consol Mining Smelting & Power Ltd....5 182,500 Grand Colon Go trust ctfa..l 96,300 S3 cony preferred series...* 123,000 Granite City Steel * 108,700 Grant (WT) 10 7,400 5% preferred............30 548,000 Great Northern la ore prop." 1,480,600 Great Northern pref 10n 134,200 Great West Sug —* Preferred ..100 2.900 360 Green Bay 8c Western RR.100 213,900 Green (H L) Co.. A 1,189,600 Greyhound Corp (The).....* 61,300 5H% preferred—.......10 130.700 Guantanamo Sugar.......-* 4,500 8% preferred 100 38,800 Gulf Mobile Or Northern—10<» 37,800 6% preferred...........100 30,100 3,100 2,500 8,300 4,200 7,900 19,500 71,700 8,000 .. 8«k • 140,144 Gotham Silk Hosiery Preferred .....106 2,900 1.888,200 Graham-Paige Motors......1 5,400 h 21 Goebel Brewing Co 139.000 117,500 >•/■ ...* Brothers $6 preferred..............* (The) ......* 1,198,800 64,440 2,645,600 3,800 86,000 3,200 ; l. Glmbel Glldden Go Jan. Ask Sale Bid ....1 540 Gold 8c Stock Teleg Go...100 20 i 1937 Par 752,300 29,600 276,900 22,900 386,100 346,400 700 15,500 I,600 13,300 11,000 YEAR 1937 Price Jan. 2 1937 Share* RANGE FOR PRICES IN JANUARY STOCKS N. Y. STOCK EXCHANGE 12 Months 35 1 lk 4k Sale lowest Highest Sale Prices Sale Prices 6k Jan. Sale Sale 27 20k Jan. 3 70 77 Jan. 13 k Jan. 54 50 16 k Sale 19 k 79 k Sale 4 3 19 46k Jan. 17 k Jan. 3 4 3 76 82 3 k Sale 54 28 Jan. 3 Sale 51 Jan. 2k Jan. 46 77 3 Jan. 9k Jan. Jan. 13 27k 51k 3k 3k Jan. Jan. Jan. Jan. 11 19 10 11 80 Jan. 17 6 k Dec. 29 49k Oct. 19 19k Dec. 29 10 58 15 15 88k Jan. 4k Jan. 12 11 Jan. 12 6k lk 13k 18k 28 x27k Jan. Jan. Jan. Jan. Jan. 12 11 11 10 10 22 Jan. 24 12 22 4k lk Ilk 13 k Jan. Jan. Jan. Jan. 3 28 3 4 24 22 25 24 Jan. Sale 20- Jan. 12 k Sale 12 Jan. 3 31 Jan. Jan. 28 4 Jan. Jan. 5 127k Jan. 22 40 Jan. 31 21k Jan. 27 10k Jan. 8k Jan. 21 29 lk Jan. - Sale Sale 20k 5 15 Oct. 19 lk Oct. 19 3 Oct. 19 lk Oct. 19 55 2 lk Sale Sale lk Dec. 28 16k Oct. 19 72k Dec. 29 3k Dec. 29 /16 Jan. 1 8k Jan. Sale 7k Jan. ik 1k Jan. 24k \17k Jan. 5k \5 Jan. 16k Jan. , l|k 23 15k Jan. 26k Jan. 19 Jan. 4k Feb. Dec. Mar. May Jan. Mar. Mar. Mar. Oct. 15 Jan. 19 17k Mar. 19 59 k Mar. 7k k 12 14 12 12 Oct. f • yr" 18 5 9 15 Jan. 12 5k Jan. 22 27 k Feb. 1 48 k Feb. 8 47 k Jan. 5 22k 28k 56 k Oct. 19 42 k Dec. 8 145k Sept. 14 64 k Oct. 19 39k Oct. 19 16 k Dec. 29 Ilk Oct. 19 4k 50k 15k 7k 12 12 5 10 Jan. 19 13k Jan. 96 3k Oct, 22 5k Jan. Dec. 29 Dec. 3 23 k 129 Jan., 12 28 3 6 Oct. 13 12 14 Jan. 32 5 5 r 10 9 9 28 18 25 19 17 50k Mar. 11 87k Mar. 11 47k Mar. 11 141 Mar. 11 10 Oct. 19 20k Dec. 29 28 lk Jan. 12k Dec. 29 46 Mar. Mar. Jan. Jan. Feb. Feb. Feb. 19k Dec. 27 3k Jan. Sale Sale 19 21 lk 7k 19 29 k 90k 51k 58k 6k 8k £83 k Dec. 30 115 Jan. 5 9 25 Oct. 19k Jan. 57k Jan. 23 12 k 14 k 16 Oct. lk Oct. 2 43 65 lk Sale Sale 6 3 Jan. 21k Sale 42k 48k 2 k Sale 3 k Sale 21 Sale 19k 28 29 k Sale 26 k 127 k 125 127 k 125, 64 k 40 45 AO Sale 16 7k 40 Highest Sale Prices Sale 25 18 Lowest Sale Prices Ask 59 Feb. 10 8 20 2 2 10 10 8 Mar. 18 Jan. 11 8 5 0 , ' r ,600 >; 2,800 1,100 230 << 50 150 17,500 10 v 5,300 50 7,300 3,200 20,600 r>: 500 110 • 7,500 14,700 f 40 1,400 200 11,200 70 11,000 6,800 % Hackenaack Water...... ..25 Preferred A.............25 Hall ..10 Watch...........* Printing Hamilton .... 6% preferred...........100 (M A) Go $5 pref....* Harbison Walker Refrac * Hanna 6% preferred...........100 Hat Corp class A-....-...--1 80'206 2,900 24,300 33 31 13k 6 35k 37k 14 28H Sale 105H 106 102 k Sale Sale 51 128 k 130 16k 107 c._—* Helme (G W).............-25 7% preferred ........100 13 k 110 164 • 34 k Hecker Prod Corp ▼ t Hercules Motors 29 34 • Sale 24 34k 6k % preferred w w 100 Hayes Body Corp— 2 Hazel-Atlas Co............25 * 17,600 Hercules Powder new 3,190 6% preferred...........100 20,100 Hershey Chocolate.........* 19,000 84 cony preferred.........* 3,800 Hinde 8c Dauch Paper Co.. 10 119,100 Holland Furnace * 9,380 $5 conr preferred.........* 177,700 Hollander (A) Ac Son.....—5 168,800 Holly Sugar Corp..........* 720 7% preferred.........—100 231,800 Homestake Mining ...12.50 21,500 Houdaille-Herahey cl A * 383,300 Class B • 200 : 9.500 4,280 212,500 47,600 3,300 4,840 144,800 640 65,300 2,530 279.200 27,800 632,200 7,700 1,040 112.500 16k 108 k Sale 6 100k ioik 18 l^k 97 99 95 92 Sale 22 128 121 5k 50 2 , 87 k 6 6 75 Sale 92 125 167 Sale 129"" Hi¬ es 65k 112k 136 Sale 98 148 13 Sale 52 Sale Sale 86 129 125 32 25 Sale 34 6 Sale 17 k Sale 98 k 100 92 Sale 20 k Sale 123 128 5 "49k Sale 40 k 90 25 Sale 17 k 100 120k 121k 23 k 42 k Sale Sale 113k Sale 9 20 k Sale 101 Sale 25 53 "41k "42"" 21 24k Sale 8k Sale 34,900 Common stock...........* 12,200 5% preferred........... 100 1,635,900 Houston Oil of Texas f t C.25 382,300 Howe Sound Co..........5 94,900 Hudson Ac Manhattan..—100 25,100 5% preferred.........—100 886,300 Hudson Motor Car * 393,200 Hupp Motor Car Corp...—1 68 k Sale 48 k Sale 13 Sale Sale 64 k Sale 79 6k 42 983.300 34,900 7,480 17,190 143,000 466,600 48,100 1,380 236,250 1.524,800 103.900 174.600 69,500 3,660 258,500 2,001.000 732,600 127,600 57,730 748,900 22.600 Illinois Central..........100 23 45,000 16,100 41,500 1,428.300 Internat Hydro-Elec Sys 313,910 2.827,700 6,900 18k 51 92 25 Sale 99k 100 8k 8k 19 102 Sale 23k Dec. 28 6 7 21k Jan. 15 26k Apr. 17 4k Oct. 19 17k Dec. 29 Jan. 20 Jan. 31 Jan. 18 6 15 29 123 k Jan. 5 x7k Jan. 29 19 123k Jan. Jan. Jan. Jan. 5 2 6 6k 6k 90k 100k 89 140 140 152 12 k Sale 12k 50k Sale 13 Jan. Jan. t 7 18 100 28 96 60 52 k Sale 128 130 25k Jan. 34 Jan. Jan. 86k Jan. Sale 17 19 26 31 92 100 87 41k 84 k 19 Jan. 5k Jan. 17 k Jan. k Sale 61k 77 k 2 2k 16 108 Jan. 25 32 Jan. Jan. Jan. Jan. 51k Jan. 126k Jan. 43k Jan. 84k Jan. 17 Jan. Jan. 98 Jan. 19 8k Jan. Jan. 19 6 25 65 Jan. 2 k Jan. 93 Jan. 7 k Jan. . 3 10 90k Jan. 8 145k Jan. Jan. 31 17 Oct. 18 Oct. Sale 21k 24 9 k Sale 52 k Jan. 22 k Jan. 49 46k 83k 6k 41k 8k Jan. 26 105 19 58k Dec. 23 140 Oct. 19 17k 55k Dec. 30 106 k Mar. 5 121 Feb. 26 5 Jan. 11 Feb. 10 8 Jan. 14 19 Nov. 23 117 k Aug. 13 15k Jan. 25 Dec. 28 126 Feb. 9 Nov. 24 166 Jan. 6 39 k Feb. 11 Oct. 19 lk Oct. 11 81 5k Dec. 29 86 129 11 11 Jan. 11 Jan. 19 128 43k Jan. 26 Nov. 24 64 Dec. 6 2 May 22 135 k Feb. 39k Dec. 29 67k Jan. 21 3 27 3 58 22 50 125 Jan. 13 83 10 19k Jan. 31 22k Jan. 10 100 Jan. Jan. 18 11 26 25k Jan. 21 10 16k Dec. 29 15k Oct. 19 13 12 93 4 27 3 65k Jan. 20 £39k Oct. 25 93 Nov. 26 111 12 Jan. 12 21 Ilk Jan. 12 6 50k Jan. 24 Jan. 14 8 k Jan. 53k Jan. 2k Jan. 7k Jan. 11 13 13 13 10 Jan. 37 June 52 k Feb. Nov. 19 120k Jan. 7k Dec. 29 15 k Oct. 19 109 63 k 8 7 10 16 Feb. 18 Jan. 22 Nov. 29 108 92 11 17 13 28 20 k Feb. 31 Feb. 95 17 Jan. 3 28 34 k Feb. | 36 Jan. Oct. 30k Mar. 43 k Jan. 19 114k Mar. 19 19 4 5 4 9 7 8 53 k Dec. 27 Dec. 29 Oct. 19 41 Jan. 27 k Feb. 11 44 Oct. 73 11 78k 4k 37 lk 3k Dec. 29 Oct. 19 94 Mar. 20 17k Jan. 22 Oct. 19 Oct. Oct. 19 19 Oct. 19 5 Household Finance- 2,400 600 63,800 22,200 1,600 500 84,900 52,300 46,800 2,800 1,760 610 3,500 22,800 4,200 V 110 II,300 169,500 9,100 13,600 7,800 v. 160 6,100 151,500 21,000 5,300 4,000 49,400 400 100 • 6% pref series A....—100 Leased line 4%.........100 RR sec stock ctfs ser A1000 13k Inland Steel Inspiration Cons Copper..20 Insuranshares Ctfs lac 1 d Interchemlcal 45 800 170 72,900 12,800 18,400 100 110k 6% preferred. Internat 2,481,200 Sale 13k lk 5k 6 k Sale lk Sale 9k 17 k 5k 6k 16 Sale 136 80 Sale 138 135 Sale Sale 5k Sale 47 k ----- 69 k 9 k Sale Sale 3 k Sale 3k 3k 22 k 24 9 * ...100 5 43 Sale * 186 Harvester*.—- . .* 100 A.25 105k Sale 157 160 Agricultural. 7% preferred Internat Nickel of Canada..* 100 Preferred 8c Pow cl B.* • • Internat Tel 8c Tel 9k 6k Sale 191 Sale 6k 17k Sale 63 k Sale 132k 135k 12 6 2k Sale 140 Sale 142 k 144 5 k Sale 3 k 7k 5,200 27,300 430 7k 8k 7k 9 Sale 52k 26 k 49 k 32 86 12 Sale 28 Sale Sale 88 Sale 2,390 2,500 10 22,700 1,000 1,500 4.000 1.190 Kelth-Albee Orpheum pf.ltO Sale 7 18 k Sale 75 Sale Sale 5k 6k Sale 138 64 k Sale 12 Sale 4 4k k Sale 18 k Sale 90 k 93 3k 4k 10 k Sale 3 Sale 3 22k 24k 146 k Sale 59 k Sale 148 150 5 3 k Sale k Sale 11 Sale 48 k Sale 8k Jan. 4 10 lk Dec. 30 8 38 Ilk Jan. 10 Oct. 19 16 Jan. 28 20 Jan. 10 16 Oct. 19 29 6 Jan. Jan. 28 28 38 Jan. 4 7k Jan. 11 34 5 Dec. 28 Dec. 29 6 k J an, Jan. 8k Jan. 10 3 22 Jan. 18 21 86 Jan. 14 6 16 73 k Jan. 138 Jan. 64 Jan. 9 k Jan. 5 6 138 Jan. 29 78k Jan. 21 Sale 31 24k 25 104 110 5 k Oct. 15 72 132 20 25 Jan. 90 k Jan. 3 k Jan. 29 5 95 Jan. 6 4k Jan. 12 Jan. 3 13k Jan. 12 2k Jan. 3 3k Jan. 17 29 Jan. 5 154k Jan. 27 70 Jan. 21 20 Jan. 140 57 Jan. Jan. 142 k Jan. 5k Jan. 3 k Jan. 7 k Jan. 43 k Jan. Jan. 3 3 51k Jan. Jan. 6 k Jan. 39 k Sale 44 k 38k Jan. 8 6 21 31k Jan. Sale 30 29 9 k Jan. 39k Jan. 37 Nov. 23 127 k May 27 12 12 Jan. 21 6 6k Dec. 29 29 k Dec. 29 2k Oct. 4k 21 Sale Sale 20 k Sale 32 Sale 34 16 Sale 65 Sale 16 k 65 6k Sale Sale 9 6 6k k Sale 10 k 70 k Sale 68 9k 10k 21k Sale 50 k 76 k 16 k 117 Sale Sale 124 Sale 19 k 118k 7 k Sale 20 Sale 15 13 17 74k Jan. 35k Jan. 24 3 20 Jan. 17 69 Sale 62 Jan. 27 5 k Jan. 6 k Jan. 28 28 3 68k 7k 7k 13 k Jan. 25 Jan. 11 Jan. 11 Jan. 12 28 75 Jan. 11 4 3 12 Jan. 18 24 Jan. 15 19 117 Jan. 8 Sale Sale PA Sale Sale 16 k 118k 7k 16k 16 k 13 k xl3 82 87 Jan. 10k Jan. 21k Jan. 116 k Jan. 47 k Sale 69 9k Jan. 68 123 Sale Sale 46 k Jan. 28 26 Jan. 19 Sept. 25 78 k Mar. 10 5 Apr. 6 9k Apr. 6 19 k Sept. 22 68k Sept. 22 18 10 Feb. 8 k Jan. 57 k Feb. 28k Jan. 49 k Jan. 6 19 Oct. Oct. 19 19 Oct. Oct. 19 110 15 k 19 30 16 65 4 52 8k 36 k Dec. 28 107 k 6 k Oct. . 23 8k Dec. 29 70 9 Nov. 29 26 k 20k Oct. 19 30 Sept. 23 127 £116 49 Dec. 28 87k Jan. 5 65 k Nov. 22 155 Jan. 8 Jan. Mar. 18 126 2 64 k Nov. 24 136 Feb. 15 46 15 k Dec. 28 Jan. 6 Mar. 17 115k Apr. 8 121 5 Oct. 19 29 Mar. 17 50k Jan. 4 10 19 k Jan. Jan. 31 Jan. 28 118k Jan. Jan, 5 8k Jan. Jan. Jan. 29 20 Jan. 6 18 k Jan, Jan. 22 14k Jan. 10 28 12 6k Jan. 31 9 k Jan. Oct. 19 23 6 k Jan. Jan. 10 10 7 4k Jan. 4 Oct. 19 19k Jan. 14 80 Jan. 68 Jan. 16k 118k 6^4 Sale 20k 16k 16 k Sale 13 Sale 98 10 10 3 12 12 16 30 16 25 4 Mar. 11 Feb. 19 Feb. 17 Nov. 10 Jan. 8 Apr. 0 Jan. 30 Apr. 15 Aug. 4 86 Jan. 24 124k Jan. 31 78 Jan. 66k Jan. 122 18 20 135k Jan. 19k Oct. 3 6 Jan. 116k 122 k 70 Jan. 16 69 k IW 23 20 Jan. 64 k Apr. 20 Dec. 34 48k Jan. 21 19 Sale 5 Mar. 6 Feb. 23 Dec. 29 111k July 17 19 Ilk Mar. 16 28k Mar. 11 19 2 9 k Apr. 14 Oct. 19 18k Oct. 19 63 k Apr. 14 127 k Nov. 22 189 Jan. 4 Aug. 5 53k-Nov. 22 120 138 Nov. 30 162 Jan. 18 16 k Jan. 20 3 Oct. 19 0 lk Oct. 19 15k Apr. 6 Oct. 19 18k Jan. 7 11 17 20 2 k Oct. 6 Oct. 17 19 19 20 92 5 148 k Jan. 27 7k Jan. 12 29 4k Jan, 11 3 3 Ilk Jan. 21 19 132 Oct. 17 U 20 11 July 30 12 26 r. Feb. 15k Jan. 4 k Jan. 6k Jan. Jan. 9 Dec. 29 Nov. 24 144 Oct. 16 143 58k Nov. 23 131k 33 k 6 k Oct. 19 6 3k Oct. 19 lk Oct. 19 13k 3 3 5 17 19 M 67k M 72 Jan. 25 k Mar. 22 k Jan. 47 k Awr, 12 11 19 13 3 k Jan. 3 k Jan. 132 132 5 13 3 71 mmrnrnrnrn Sale Jan. 28 Sale Sale 87 116k 29 k 9k 17 29 k Jan. lk Jan. Jan. 128 39.900 4% preferred........... 100 38.400 Kaufman Dept Stores..812.50 47.700 Kayser(J) 8c Co 5 3 3 3k Jan. 116 150k Sale 20k 43 k 6k Jan. 1 k J an. Sale 19 90k Mar. 10 5k Jan. 21 15 k Jan. 21 23 k Feb. 17 4 k Aug. 17 Sale Tones 8c Laugh Steel pref. 10ft 20 120k 44 10 8 Sale 123 Kalamazoo Stove 8c Furn ColO Jan. 4k Sale 880 Kansas City Lt 1st pf Ser B • 190.900 Kansas City Southern—100 Jan. 6 7k 31 7 "32k Sale" 84 2 7k Sale Sale Sale Sale 126 * Sale 5k 7k lk 30 k 3k 100 .... 2 85 8k Sept. 13 Sale Preferred Jan. 4 Jan. 26 Jan. 3 Jan. 3 4 k Sept. 10 28 k fohns-Manvllle 50 82k 83k 6 k Sale 43 k Sale Sale Sale Sale Jewel Tea Inc............—* Sale Sale 43 k Sale 125 132 105 19 k ... 30 Sale 20 24.700 278.100 4.610 27,145 62.100 700 1,600 3k Sale 133 60 69.100 Foreign share certifs * 309.000 Interstate Dept Stores * 3.070 Preferred.............. 10C 42,200 Intertype Corp • 60,700 Island Creek Coal 1 630 86 preferred.... 1 180 100 95 3k Prior preferred 6k 7 Sale Sale 5 Sale Sale 39 38 Sale * Int Business Machines Internet 71 Sale lk 4k 17k Intercontinental Rubber...* Inter lake Iron.. 632", 100 New 15 398.500 5% cony pref...........100 22.360 Int Rys of Cent Amer ..* 3.130 Voting trust certificates..* 26,770 5% preferred ......100 17,900 International Salt......—.* 40,000 International Shoe * 74,300 International Silver 106 9.425 7% preferred 100 2,000 1,500 5k Ilk Internat Paper Class C "2,760 117 23 k TInterboro Rap Tran„....100 Corp....—* Sale k Sale 47 68 15 k 37 k 134 135 .....10 Corp.....* Ingersoll-Rand— ...—* 6% preferred.........—100 12$ 46 k Refining Indian 367.100 Internat Mercan Marine....* 456,600 Int Mining Corp.————1 37,000 II,900 18 k Industrial Rayon • 74",300 Ilk 83 120 14k Oct. 15 13 80 19 44k Jan. 19 Oct. 19 35 Mar. 5 Nov. 20 27k Jan. 18 Jan. 14 Nov. 20 110 Kelsey Hayes Wheel— 4,100 10,300 137.200 Convertible class A.......1 Conv class B... 143.400 .......1 3.490 Kendall Co 86 pt pf ter A...* 210 v ■ : yy.-i • "■ For footnotes see page 40. 20 Sale 17 k Sale 104k 107 7 k Sale 4k Sale 88 6 k Sale 4k 80 Sale 85 80 Jan. 3 6 k Feb. 11 Dec. 31 109k Feb. 14 4 N. Y. STOCK :u> SALES AGGREGATE January 12 Months 1937 Nhare* 227,800 9,300 2,702,500 265,300 51,400 107,200 29,700 11,100 341,200 29,200 23,200 303,400 500 1,200 50 720 14,000 1,100 1,000 12,100 590 370 8,300 200 ;■ 4,700 7,100 110 21,700 3,500 6,000 20,300 4,800 3,700 27,400 8,300 900 1,600 8,300 500 800 9,900 3,800 5,400 60,700 600 24,900 18,200 7,200 3,500 Kenoecott Copper ... Keystone Steel 8c Wire Co.I* 68 * 900 70 Mac Andrews at Forbes Co..10 22,400 19,600 6,300 10,200 340,000 530 [ •' 1,100 400 12,400 2,600 5,800 36,400 290 210 1,030 180 800 40,300 114,700 10,300 6,400 20 6,500 5,800 700 ""260 6,800 12,900 500 4,600 3,300 57,200 14,700 26,100 3,500 13,000 "9",800 140 1,000 3,400 8,200 1,390 70 6,800 74,400 23,800 9,400 230 10 10,700 130 29,300 1,400 3,300 700 1,130 4,800 9,200 30,500 1,400 6,000 7,900 7,600 200 ' 140,600 1,200 1,190 87,000 17,100 7,600 16,500 21,500 660 800 2,200 420 29,600 300 100 Louisville Gas 8c Blec A.... 25*4 38 18 X 14*2 38*4 18*4 Sale 2*4 Sale 16*2 1654 6% preferred.............* Mack .......* t ruck Inc Co, Inc.......* Garden....* Magma Copper 10 tManatl Su$ar. 100 Certificates of deposit.. 100 7% preferred. 10ft Pref ctfs of deposit 100 H) (R Mnndel • Bros tManhat'n Ry Co. 7% gu.100 Mod .100 5% guar— Manhattan Shirt—.......25 Maracalbo OH Rxolor Marine Midland ....... 1 Corp.......5 100 Market Street Ry Sale 66 106*4 107 2*2 254 57*4 Sale Sale 43*4 109*4 Sale 654 41 23 Sale 143*4 Sale 25*4 Sale 3354 131*4 Mollne Pow 14*4 "16" 37*4 14*4 Sale 24*4 Sale 454 Sale 10*4 Sale 2*4 30 20 39 "9*4 554 50*4 1954 Sale Sale 163 Sale Sale 48 50 110 Sale Sale ......50 Mother Lode Coalition.....* Products Motor Wheel .....* ..........5 preferred.........* Munalngwear Murphy Co (G C )..........* 5% preferred. ..........100 Murray Corp of America..If Myers (F B) 8c Bros........ * For footnotes see page 40. 100 Sale Sale 354 24*4 934 Sale Sale Sale Sale Sale Sale 24*4 25*4 Sale Sale Sale Sale , 25*4 88*4 26*4 92 Sale Sale 170 167 16*4 Sale 97 3 Jan 24 Jan. 5 Jan 31*4 754 25*4 89*4 90*4 Jan. Jan. Jan. Jan. Jan. 28 165 Jan. 22 167 16 Jan. 10 28 31 3 it* Sale 45 Jan. 105 Jan. Sale 109 Sale Sale 1*4 32 Sale Sale Sale Sale Sale 103*4 106 16*4 Sale 131 135*4 1*4 Jan. 3154 Jan. 3*4 Jan. 18 Jan. Sale 103*4 Jan. 16*4 Jan. 132 132 Jan. 16 Jan. 104 16 Sale Sale 51 Sale Sale 16 Sale Sale 4554 Jan. £1554 Jan. 30*4 31 Sale 121*4 125 12154 126 30*4 Jan. 12154 Jan. 29 18 Sale 20 26*4 2854 Sale 12*4 12*4 2354 Sale 10*4 Sale "2*4 1*4 6 654 Sale 6*4 Sale Sale 6 Sale 10*4 6*4 12*4 6 ; 10 *4 3*4 7*4 1*4 23*4 754 20*4 Sale Sale 25 "2" 4 100 3 28* ?2» Jan 79 Jan 4 9 27 16*4 Jan 3454 Jan Jan Jan 3 3 2 \* 5 106 28 18 134*4 3 17*4 31 56*4 28 21*4 4 4 31 14 126 Jan. 3 26 Jan. 3 10*4 Jan. 2354 Jan. 4 3 2454 32*4 12*4 30*4 Jan. Jan. 13 Jan. 3*4 Feb. 110 Jan 36*4 Jan 28 2 6 4 28 23*4 May 5 83*4 Feb. 16 63 Aug 14 26% July 26 87*4 Aug. 11 52*4 Jan 5 106*4 Jan 27 654 14 8*4 7*4 18*4 7*4 Jan 11 7 Sale 12 2 Sale Jan Jan Jan Jan Jan Jan Jan Jab 36 132] 62] 29 58] Jan Jan Jan Jan Jan Jan Jan Apr. 6 Jan Jan. 11 Jan. 14 20 20*4 Sale 31 25 Sale 2354 Sale 157*4 37*4 Sale Sale 6 23*4 24 Jan 8 40" Sale 654 29 29*4 0654 108 17*4 Sale 61*4 Dec. Nov. Jan Dec. l6 Jan Oct. Jan Oct. 10 Jan. 31 D?c. Dec. Oct. 42 *4 Jan. Dec. 42*4 Mar. 24 16*4 Mar. 17 12 47*4 Jan Sale 29*4 z¥> A* 3 3 45 Jan Sale 1954 Jan. 654 Jan. 3 Sale 30 26*4 8*4 3354 8*4 Jan Jan Jan Jan Jan Sale 41*4 4*4 Sale 42- Sale Sale 4*4 18*4 Sale Sale 16*4 37*4 754 Sale Sale Sale 21 105 102 554 50*4 254 1354 84 V* Sale Sale 111 30*4 Sale 2154 24*4 36*4 Sale 15.H 10*4 Sale 16*4 Sale Sale 16 72 Jan Dec. 4 61 Jan Dec. 93*4 Aug. 13 3 £48 Jan Dec. 86 Jan Jan Jan Jan Oct. Dec. 1654 Feb. 4754 Mar. Dec. 41 Jan. Nov. 72*4 26*4 3554 48*4 Mar 16 ' 6 Feb. 23 19*4 1654 41*4 Jan. 4 Jan. 28 18 Jan. 3 16 Jan. 7 3 6 16 .105*4 Sale Sale 6 Sale 50 i* 15 4 28 65 Oct. Jan Jan Jan Jan Jan Oct. 122 Jan. Nov. Jan 120 124 Mar. 17 Mar. 10 Oct. 754 Jan 454 Oct. 31 3 1 14*4 2*4 754 1*4 2*4 14*4 254 Sate 8*4 Sate 2 154 ■254 Sate 13 1414 *4 77*4 78*4 Sate Ill 11154 113 30*4 32*4 Sate 3 60 Jan 54 1*4 154 1754 354 Jan Jan Jan Jan Mar. 10 106 105*4 Jan Jan. 8 Oct. 3 *4 Jan. 54 Jan. 13 9 Nov. 4 50 Jan. Mar. Jan. Oct. Jan. Sate Sate 3 29 5*4 22*4 16*4 43*4 11*4 2254 27*4 101*4 94*4 554 Jan. 102 *4 Sal6 50 Dec. Dec. 6 2 22 16*4 Mar. 11 108 Aug. 3 2*4 Jan. 23 Dec. Mar. Oct. Jan. 8 Dec. Apr. 5 Oct. Mar. 17 Mar. 8 4 Jan. 3 Jan Jan. Jan. Jan. Jan. 31 Oct. Mar. 17 Mar 17 Jan. 28 17 Jan Dec. Jan. Jan. 29 91 Jan Nov. 5 113 Jan Oct. Aug. 27 Sept. 24 Jan Jan Jan Jan Oct. Jan. 3 28 6 5 Jan 11*4 Jan 254 Jan 354 Jan Oct. Dec. 23 Dec. Mar. 10 Feb. 17 Dec. Jan. 30 Sate 31 Sate 31 Jan. Sate Jan. Jan. Jan. Jan. Jan. 3 Dec. Feb. 3 2154 Jan Oct. Jan 15 3 14 Jan Oct. Feb. 13 3 Oct. Aug. 16 50 Jan. 29 Dec. Mar 12 Jan. 6 Jan Jan Jan Jan Mar. 15 Sate 21*4 754 64*4 13*4 Dec. Sate *4 1554 10*4 16*4 4*4 36*4 30*4 39*4 *4 50 Jan. 3 57 Jan 101 Jan. 54 , 17 im Sate 1654 Sate £b/s 11 51 Sale 50 Feb. 3 27 Jan. 50 Sale 101 19 Jan. 94*4 Jan. 46*4 Jan. 11*4 105 8 14 Jan. 11*4 Jan. 96 54 5 Jan. 112*4 Jan. 3454 Apr. 50 Jan. Jan. Jan. Jan. 50 11 40*4 19 Dec. 65 37*4 7*4 17*4 2054 Sale Sale Dec. Oct. Dec. 37*4 8*4 Sale 17*4 Sale 2154 Sale 91 96*4 Sale Sale 4 27 14 59 Sale Sale c Jan. 654 Jan. Oct. 72 14 Sale 15*4 Sale 2*4 Sale 8*4 Sale 3 24*4 Feb. 11 106*4 Mar. 2 21 Sept. 21 28*4 Jan. 19 15 12*4 Sale 60 52 Sale 52 40 94 53 Sale 16 Jan Jan. x8*4 Jan. 9 "11*4 15 . 90 1454 Jan 10*4 Jan Sale 5 73*4 Sale Oct. Jan 79 Sale Sale 25 3 Sale 22*4 Sale 3 28 25 Mar. 15 15*4 Jan. 11 Jan. 13 44 Jan. 45 13 Jan. 22 111 Jan. 36 2 27 49 Sale Jan. Jan. 8 Jan. Jan. Sale Sale 66 75 61 65 17 165 Dec. 77 99 66 29 May 4 94 43 5 24 4154 Jan. Dec. Jan 42*4 Jan 6*4 Jan 2554 Jan 26 157 3 Mar. 10 Feb. 6 28 96 Sale 4 Apr. 30 Jan. 100 56 26 13*4 Jan 754 Jan. 91 98*4 3 80 93 Sale Jan. Jan. 3454 Jan. 28 21 20 Mar. 27 Mar. 4 Mar. 10 Jan. 1354 Sale Sale 22 54 8 8 90 106 105*4 120 Jan Jan Jan Jan Jan. Jan. Jan. Jan. Jan. Jan. Jan. 13 Mar. 29 Jan. 9 Sale 7 Sale Sale Jan 9*4 21*4 454 37*4 8 3 17 13 18 Sale 29 26 6 Jan. Feb. Feb. 85 "50" Sale 28 Feb. Jan Jan Jan Jan Jan Jan Jan 54 Jan. 157 Jan. Jan Sale Sale "82*4 3 9 12*4 254 7*4 1*4 6*4 11*4 154 Sale 78*4 13*4 80 Sale Jan. 5 80 Sale 45*4 Sale 3 3 Jan. June i4454 Sale 21*4 Sale Sale 1*4 Jan. 1*4 27*4 754 16*4 25s 29*4 8 20 Mar. 10 Jan. 12 Mar. 30 Jan. 11 9 10 7 8 Mar. Jan. 20*4 Jan 8 Sale 8 11 9 9 3 5 Mar. 3 Jan. 6*4 Sale 1*4 Sale 3*4 5 Feb. Feb. 7 12*4 Jan. 6*4 Jan. 6 1*4 154 23*4 28 8*4 Sale 17*4 Sale 3*4 Sale 2254 Sale 153*4 157 3454 Sale 5 Sale 7 23 2 75*4 Mar. 11 1054 Jan. 26 43*4 Jan. 8 [10 May 12 2854 Feb. 8 14754 Jan. 20 2854 Jan. 13 99 Mar. 17 4154 Mar. 11 10 1*4 Jan. Sale 42 154 35 54 5 Sale 1*4 28 Sale Sale 6 16 75 3 102*4 Jan Jan 20 1 [14 Jan 3 Jan. 1554 Mar. Aug. [13*4 Feb. Jan 4 100 ». Feb. 29 Jan 4 14 14 6 J. 2454 Mar. 17 I. 354 Jan. 18 18*4 Jan. 18 43 *4 June 10 2154 Feb. 11 5854 Jan. 9 654 Jan 1*4 Jan 5*4 Jan 5 31 18 "2*4 Sale 3 110 60 31 Sale Sale 7*4 Sale 98 27 Jan. Jan. Jan. 24*4 Jan. 34J4 Jan. 17*4 Jan. Sale 103 Jan Jan. Jan. Mar. 1754 Mar. 1 27*4 Mar. 11 3. 51 *4 Feb. I 1 Jan Jan. 10554 105 6 24 15*4 Jan 1954 Jan 4*4 54 354 23 54 8*4 Sale 45 4 31 95 100] 20 Sale Mulllns Mfg Corp class B...1 conv 96 "24*4 Mueller Brass Co...........l $7 Sale 1054 Sale $4.50 pref—............ Motor Sale 5*4 Jan. 11*4 Jan. 14*4 Jan. 28 Sale 1654 13 25*4 Sale 31 Morris Ac Essex ifj* it* 27*4 Jan. 41*4 Jan. Jan 8 3 Montgomery Ward Ac Co.....* Co...........* 29 Jan 1 7 Morrell (J) Ac Dec. 12*4 Jan 11*4 *8*4 40*4 2954 Sale Mohawk Carpet Mills 20 Monsanto Chemical Wks..lO 29 : 18 73% 7% preferred—........100 leased lines........100 5% preferred series A...100 19 Dec. 17*4 Jan. 14*4 Jan. : 30 79*4 11*4 Sale ^Missouri Pacific .....100 Convertible preferred..Iff 29 Oct. Jan. 27 73 4% Mo Kan-Texas Dec. : 28 28 100 Mission Corp.. : : Jan. 29 102 • Preferred Oct. 6 Jan. 31*4 .......* Minn St Paul at S S M 10 " Sale 1 Implem..* Oct. Jan. 16*4 Jan. 1854 Jan. 11 4*4 27 14 Jan. Jan. 5 12*4 Jan. 22*4 Jan. '1*4 44*4 53*4 Sale 14*4 Sale 55 Sale 7 Sale .....— Minn 35 44 19*4 Masonlte Corp 954 Mar. 30 71 Mar. 30 35*4 July b 2954 Jan. 2 15*4 Jan. 16 47*4 Jan. 23 24*4 Jan. 14 Sale 16*4 15*4 2854 Sale 38*4 36*4 17*4 Sale 49 L) Co... 19 Dec. 28 Dec. 29 30 90*4 Marshall Field at Co Corp.. : Sale 160 preferred........ 100 preferred..... ..Iff Marlln-Rockwell Corp. (Del.) 1 Parrv 254 Jan. 35 88 Second Martin 5 Sale 7*4 2454 Prior Martin (Glenn Jan. 2 Sale 34 Preferred. .............100 • 4654 Apr. 14 24 Sale Mar Dec. 29 27 Sale 554 Sale Mar 201 : Sale 11*4 23 — 3954 160 150 ' 138,300 Mathleson Alkali Works 7% preferred ...........100 ,1,020 103.300 May Dept Stores... 10 78,600 Maytag Co (The) 13,000 $3 preferred w w... ..* 180 $3 preferred ex-warrants.-* 1,410 $6 1st preferred ..........* 99,500 McCall Corp * 325,900 tMcCrory Stores new com.. 1 9,000 6% conv preferred 100 12,900 McGraw Electric Co, new 1 ....* 89,500 McGraw Hill Pub Co 2354 309,200 Molntyre Porcupine Mines..5 3954 144,300 McKeesport Tin Plate.....10 5 944,900 McKesson 8c Robbias 1354 55,000 4454 $3 conv pref..............* —1 210,500 McLei an Stores Co. 1754 1,430 6% conv pref... .....100 108 283,400 Mead Corp 26*4 96 3,790 $6 pref series A__ ..* 4,300 $5.50 pref ser B w warr..* 43,700 Melville Shoe Corp ..* 1154 479,400 Mengel Co. 1 19,460 5% conv 1st pref.. 50 2,570 Merch 8c Min Transp Co * ...5 137,200 Mesta Machine Co 1.161,100 nam! Copper ...5 501,400 Mid-Continent Petroleum.10 171,200 Midland Steel Products.....* 11,210 8% 1st preferred 100 750 Mllw El Ry 8c Lt 6% pref_.100 10354 85,100 Minn-Honeywell Reg Co....* 102 4,310 4% conv pref ser B.....100 115 . 15*4 Sale 18 90*4 Sale Macy 32,400 69,900 13,000 14,890 150,360 396,200 574,900 133,000 363,400 197,510 145,000 1,400 2.548,800 17,800 7,000 1,501.500 267,050 207,990 70,300 112,400 7,550 52,700 44,430 3,520 601,600 22,000 15 25 69« Nov. Jan. 15*4 Jan. 6 8 10 ; 22 12 54 J an. 12 Jan. 5*4 Highest Sole Prices Prices 43*4 Jan. 9*4 Jan. 15 39 *4 Sale Sale 23 30*2 Sale ......1 J* i 28 4 31 Sale 14*4 Ludlum Steel Madison Square 1,021,800 1937 3354 Jan. 754 Jan. 20 Jan. Sale Sale Louisville at Nashville....100 66,000 97,800 42,600 2,300 18,870 1,060 21.600 2,960 166,800 76,400 229,500 561,700 21,800 2,790 13,960 8,460 26.400 823,600 351,300 160,900 98,800 '"'240 10 .... Preferred 433.100 "lJOO 5,000 .....100 5% preferred Lorlllard (P) common Sale Sale 24 23 Kroger Grocery at Bak. Sale Sale 21* 48* 5 1 Kress (S H) at Co new.. Sale 15*4 10 Kresge Dept Stores. Highest Sale Prices 12 20*4 49 * $5 prior preferred... Kresge (S S) Co 14,800 <;•. 44 35*4 7*4 20*4 Ask Lowest Lowest Sale Prices Jan. 31 Ask Bid 2 Kinney (G R) preferred Loose-Wiles Biscuit.......25 2,300 4,100 18,300 60*4 Sale 19 M Sale 42 Kimberly-Clark....... 65,700 2,710 438.600 7,130 90,600 81,500 494,200 440 Ask Bid 3 Jan. 1937 Par ....... 350 YEAR Price Jan. 2 7,510 Laclede Gaa Light........100 6,660 5% preferred...........100 250,900 Lambert Co (The) ..... * 12,000 Lane Bryant 237,900 Lee Rubber ft Tire.... 126,400 Lehlgb Portland Cement..25 2,600 4% cony preferred...... 100 548,800 Lehigh Valley ...50 305,200 Lehigh Valley Coal........ 155,410 6% conr preferred.......50 192,700 Lehman Corn (The)..—...1 62,600 Lehn 8c Fink Products Corp.5 79,600 Lerner Stores Corp —..* 373,600 Llbbey-Owens Ford Glass...* 404,800 Llbby McNeill at Llbby. • 36,400 Life Savers Corp ........5 26,700 Liggett 8c Myers Tob com..25 Series B .....25 193,400 12,700 Preferred..............100 30,600 Lily Tulip Cup Corp... ...* 237,100 Lima Locomotive Works....* ♦ 56,600 Link Belt Co 89,900 Liquid Carbonic new...... 1,010.400 Loew's Incorporated .......* 14,800 $6.50 preferred...........* 782,200 Loft Incorporated .....* 363,700 Lone Star Cement Corp.....* 408,800 Long Bell Lumber A....... 18,100 RANGE FOR PRICES IN JANUARY STOCKS N. Y. STOCK EXCHANGE Shares In EXCHANGE-STOCKS 1254 50*4 Sate 104 Sate 6 Sate 41 45 25 Jan. 28 Jan. 7 31 4 Nov. 19 Feb 11 Mar. 13 Jan Apr. Jan. 26 754 Jan Oct. Feb Dec. Mar. 11 1 11 104 Jan. 3 43*4 Jan. 26 18 26 47 Jan Dec. N. T. STOCK FEB., 1938] AGQREQATE SALES In 12 Months January N ath -Kel vlnator Corp......5 11.580 Nash Chatt Ac 8tLouta...l00 ...I 295,000 National Acma 125.300 National Aviation Corp....10 10 906,500 National Blacuit 1% preferred.......-100 9,400 84,200 Nat Bond Ac Investment Co.* 10,200 10,600 48,000 900 3,200 800 6,000 5% pref series A w w 100 12,100 Nat Bond & Share Corp...:* 426,800 Nat Cash Register * 998,700 Nat Dairy Prod Corp 2,900 7% preferred class A.... 100 7% preferred class B....I00 4,490 * 283,800 National Dept Stores.. 58,960 6% preferred............10 1.002,200 Nat Distillers Products.....* 17,900 Nat Enamel Ar Stamp...... 1 413,000 Nat Gypsum Co..-*.-— 550,100 National Lead..........—10 6,800 7% preferred A.........100 2,250 6% preferred B 100 117,000 Nat Mall & St Cast's Co— " 1,044.200 Nat Power Ac Ltaht——... 13,600 Nat Rye of Mei Is* pref... 1 oo 57,500 5% 2d preferred. ...100 29 527,900 National Steel.. 125,100 Nat Supply Co of Pa......10 S3 preferred...."..__..-.-40 14,200 5%% prior preferred... 100 7.300 100 6% prior preferred.....100 * 119,700 National Tea Co.. 125,900 Netomae Co................* .......1 24,100 Nelsner Bros Inc 4 H% coot serial pref...100 800 22,300 Newberry Co (J J)........ 5% preferred series A...100 1,894 3,650 JNew Or 1 Tea Ar Mexico ...100 1 984,400 Newport Industries Inc 64,800 New York Air Brake.......* ....* 6.464,200 New York Central... 141,400 N.Y. Chicago Ac St Louls.100 126,700 6% pref series A........100 144,100 N Y City Omnibus Corp * 900 16,400 42,300 — ... 180 760 6,400 1,600 37,000 300 45,600 23,200 300 90 9,200 38,400 300 400 23,700 45,600 \ " 7 ,600 20,400 600 200 600 400 30 141,200 5,700 336.400 10,500 22,900 14,400 1,720 1,760 ..100 49,010 New York Dock...... 5% preferred...........f 00 47,940 80 5,160 New York it Harlem 187,900 IN Y Investors Inc....... .* 570 N Y Lack it West Ry Co..100 494,500 tN YNHft Hartford....100 Convertible preferred..100 446.400 121,900 |N Y Ontario St Western. 100 268.800 N Y Shipbuilding pt stock..1 7% preferred ..100 6.250 * 18.080 New York Steam pref f4 7% 1st preferred....—.. * 14,190 162,200 {Norfolk Southern.......100 31,100 Norfolk Ac Western....—.100 Preferred 100 5,160 1,828,400 North American.. 0% preferred.... .80 36,700 1,706,200 North American Aviation. ..1 20,500 North Amer Edison SO pref..* 2,170 Northern Central.........50 100 2.014.860 Northern Pacific... 3.340 Northwestern Telegraph..80 307,300 Norwalk Tire Ac Rubber....* Preferred...............80 4,110 270 10,700 220 9,300 12,400 12,900 49,600 1,550 50 40 1,000 2,400 280 130,900 3,100 48,800 340 2,200 30 110 200 46,600 600 1,100 110 370 840 1,260 1,500 20,600 6,600 6,400 840 130 2,800 117,900 900 1,900 860 1,000 211", 166 1,700 23,100 700 59,300 11,400 4,400 5,100 18,700 16,200 11,000 2,600 17,200 700 7,500 2,400 1,100 98,200 100 60 9,300 1,000 1,700 1,230 1,190 100 11,400 9,600 106,900 900 400 40 41 19 Sale 14 % Sale 32 Sale 162X ----- 33 Sale 100% 102 % 23% Sale 108% 111 107 19 107, Sale ' 9% 155^ *28% Sale 29 32 34% Sale 165% 150 56% 57% 11% Sale 1% 1% % Sale 71 Sale 143 Sale 107% 111 10JB 10% Sale 12% Sale 55 56 "57" ~59" 15.50 cony 1st pref.......* Outboard Marine Ac Mfg Outlet Co 5 .* Preferred......... 100 217,300 Owens-Illlnols Glass Co. 13.50 231,000 Pacific Amer Fisheries Inc..5 T~ 28,460 Pacific Coast.......... ...10 16,100 25,790 33.500 406,600 179,900 110,700 8,560 2,520 First preferred...........* 3d preferred...... ...* Pacific Finance Corp (Cal).10 .....25 Pacific Gas & Elec Pacific Lighting Corp......* Pacific Mills -....* Pacific Teleph Ac Telegr 100 6% preferred...........100 32% 37 Sale 11 Parke. Davis At Co..........* Parker Rust Proof Go....3.50 "armelee Transport Co,....* Paths Film Corp...........* Patlno Mines Ac Ent Cone ..* Peerless Corp..............8 "enney (J CI Co......... "enU'Dlsle $7 conv * 10 ... Cement.... . * pref series A......* Penn Glass Sand Corp y • c..* Pennsylvania RR Co......50 People's Drug Stores Inc ...* 6% cony preferred......100 750 100 196,000 People's Gas L Ac Coke 36,400 Peoria Ac Eastern........100 30,000 Pere Marquette..........100 Prior preferred......... 100 7,300 Preferred..............100 11,660 Pet Milk • 6,900 338.700 Petroleum Corp............5 * 234.100 Pfelffer Brewing Go 941.300 Phelps Dodge. 25 31,200 Philadelphia Co pref *% .50 3.300 it preferred * 12% Sale For footnotes YEAR 1937 40. 8% 19% 155 160 15 83% 22% Sale 128% 130 1% Sale Sale Sale aW 74 Jan. 11 41 41 Jan. 26 lift Jan. 15% Sale 13% Sale 111 Sale 108 106 13% Jan. 107% Jan. 106 5% 6% 4% 19% Sale 18 15% 21* 3% 65 32% 105 9% & Sale 23 68% 39% 110 12 Sale 3% Jan. 8% Jan. 23 63 6 18 Jan. 11 36% Jan. 100 12 Jan. Jan. 12% Jan. 29 28 8% Sale 8 Sale 57* Sale Sale 9 Sale 35 Jan. Jan. Jan. 112% Jan. % Jan. % 56 Jan. 60% 2% Jan. 2% Sale 4% Jan. 4% Sale 112% 120 1% 5§* Sale Sale 85 98H IS* 95 100 93 Sale 10% Sale !i* 29 Sale 30 1% Sale 2 88 100 Jan. Jan. Jan. Sale 105 51% 8% Sale 91% 90 50 Sale Sale 103% % Jan. 8% Jan. % Jan. 181% Jan. 1% 18% Sale 99 II* Jan. 17% Jan. 50 Jan. 8% Jan. 11 25 22 32 35 51 41 12 36 Sale Sale 150% 154 149 # 26 Sale Sale Sale 63 78% 125 Sale Sale Sale 35 Sale Sale Sale G% Sale 9% Sale 15 14% 3% Sale 99 5 7 62 24 40% 50% 113 63 Sale Sale Sale Slf Sale 54 116 50% Sale 4 12 6% 14% Jan. 10 32 Jan. 12 Jan. Jan. Jan. Jan. Jan. 13 6% 7 Sale 123% 126 9% Sale 44% 50 13% 14 42% 46 Sale 9% 10 Sale it* 16 91 122 Sale 88 10% Sale 22 24% 2% Sale 31% Sale 17% Sale 2 1% 5% Sale 62 2 if* 14 II* Sale Sale 43 Sale cV/* Sale Sale Sale 27 12% 93 28 7% 31 24% 14 127% 3 14 13 26 21 11 21 12 4 Jan. 11 Jan. 1( Jan. 12 Jan. 13 Jan. 3 56 16 42% Jan. 26 50 48% Jan. "24 5 9% Jan. 4 Jan. 28 13 Jan. 4 Sale 6 Jan. 3 11% Jan. 4 5% a12,H 25% Sale 36 Sale 13% Sale 116 Sale 25% Jan. 31 3 35% Jan. 13% Jan. 28 112 83 Jan. 29 3 Jan. 4 Jan. 28 55% Jan. 42 "3 Jan. 28 Jan. Jan. Jan. Jan. 26 8 ' 27 Sale 17 Jan. 28 Sale 1% 4% 9% 4% 41% Jan. Jan. Jan. Jan. Jan. 24 62 Jan. 32% c W Sale Sale Sale 2 Sale 22 14% 2% Jan. 3% Jan. 17 13 Jan. 3 3 Jan. 114 112 Jan. 6% Jan. 12% Jan. 5% Jan. 34* 10 11 3 Jan. Jan. 24% Jan. 30 Jan. 112 Jan. 10 34% Jan. 12 4% Jan. 12 3% Sale 3% Jan. 26 11% 12 Jan. 4 Jan. 28 28 32% 34 30 Jan. 15 Jan. 6 10% Jan. 4% Jan. 22% Jan. 28 3 26 30 37% 15% 16% 10% Sale 5% Sale 23% Sale 34 34% 65 55 Jan. m 15 11 15 5 18 15 15 Jan. 6 Jan. Jan. Jan. Jan, 11 Jan. 5 21 65 19 19 110 133 19 Nov. 22 Apr. 28 11% Dec. 29 29 Oct. Oct. Oct. Oct. 32% Nov. x95 Sept 8% Oct. 80% Oct. 8 Oct. 18% Oct. 28 19 19 23 30 19 19 19 19 Oct. Oct. 12 19 19 Oct. 1 19 19 19 19 1% Oct 4 Oct 19 8 Oct 19 19 2% Oct 37 Nov. 23 57% Nov. 23 1 % Oct 19 2% Oct. 19 15 Oct. 19 13% Dec. 29 20 Oct. 19 27 Dec 29 110% Sept. 27 22 Oct 19 . 3 9 Oct. Oct. 34% Nov. 26 11 28 26 Oct. 10 12 Jan. 10% Dec. 29 22 12 Jan. 64% Jan. 19 19 19 15 19 30 Dec. 29 30% Dec. 29 11 Oct. 15 9% Oct. 19 3 Oct. 19 18% Nov. 22 37% Jan. 38% Jan. 13% 6% 31% 37% 34 10 20 1G 10 17 18 26 70 20 Jan. 30% Sale Jan. Jan. Jan. 20% Jan. 2% Jan. 2% Jan. 30 Sale 10 10 73 30% Jan. 11 10 Jan. Jan. 3 Sale m* 32 12% Jan. Oct. *34% Oct. 10% Oct. 7 1 7 15 19 10 3 62 Dec. 11 Apr. 5 Apr. 20 Feb. Feb. 16 13 Mar. 1 Jan. 21 Sept.'20 24% Mar. 8 97 Dec. 31 12% Dec. 29 28 44 75 Dec. 21 114 4 115 Mar. 51 % Nov. 20 103% x9% Dec. 31 23 4 44% Jan. 3 30 6% Oct. iH* 45$ 48 10 27 28 5 36 6% Oct. 12 28 3 3 Jan. Sale 11 31 28 10 12 8 10 15 4 3 19% Jan. 21 10 J an .31 24 23% Oct. 19 Nov. 23 73 19 90 Nov. 19 5% Oct. 19 20% Oct. 19 125 Nov. 10 141 9 24 14 13 8 25 17 22 22 9 112% May 5 19 4% Mar. 3 Jan. 14 180 Oct 19 272 8 114 Jan. 9 102 Apr. Oct. 19 34? Jan. 14 3 June 18 57? Feb. Oct. 19 3 17? Jan. 21 Oct. 27 104% Jan. 93 8 Jan. 28 Oct. 14 105 91 9% Oct. 19 36% Mar. 11 30 Dec. 28 53% Jan. 22 6% Mar. 3 1% Oct. 19 Jan. 18 15 Oct. 19 40 Jan. 16% Jan. 116 Jan. 140 Jan. 15% Jan. 5% Jan. 8% Jan. 1% Jan. 15 19 19 15 19 June 4 40 12% Jan. 22 % Oct. 2% Oct. 7% Oct. 9% 22% 2% 31% Sale 11 Oct. 10 85 86 Oct 1 21 Jan. Jan. 31 4% 12 7 Jan. Jan. 2 4% Oct. Jan. Jan. Jan. Jan. 2% 32% 18% 1% 5% 10% 4% 40% 66% 18% 13% 13 5% 16% 8% 14% Jan. £V* 4 11 Jan. 66% Jan. "l2 11% Jan. 17 31 Sale 22 Jan. 27 37% 13% 15% 11% Sale 4% Sale 97% 100% 12 Jan. 31 64 12 12 30 34 13 28 49 Sale 109% 114 31% Sale 3% 11% Jan. 8% Jan. lit m 41 Jan. 6% Jan. 19% Jan. 134 136% 140 12 Sale 12% Sale 11% 4 4 Sale 4% Sale 8% 7% 9% 9% Sale 1% 1% aV* 40 Sale 38% 40 Sale 35% 34% 37 100% 89* 95% Sale 9% ~9"% Sale 4 Jan. 9% Jan. Sale 5 Sale 14% Sale 9% If 3 133% 140 82 17 13 29 52 11% 11% 27% Sale 35% Sale 114 12 54% Jan. 10% Jan. 114 114 28% 13 1% Jan. 17% Jan. 10% Sale 93 98 20 Oct. 19 25% Jan. 22 Jan. 20 Oct. 19 135 2 Jan. 7 %Oct. 18 97 Feb. 10 54% Dec. 31 5 110 73 29 106% Jan. 22 Jan. 8 3 2% Oct. 98% Feb. 10 55% Mar. 17 19 5 11 29 3 29 S38 19 Oct. 4 10 Jan. 3 1% Jan. 31 198 Jan. 2% 21% 24 Sale Sale 4 100 24 21 Jan. Sale 9% Jan. Jan. 88% Jan. 28 25 Sale IS** 62 13 9% Jan. 24% Sale 9% Sale 59% Sale *21% 3 26 10 Nov. 26 14 9% Mar. 26% Feb. 6% Feb. 3 Oct. 15% Jan. 30 Oct. 76% Jan. 63% June 14 102% May 10 15 37 Sale Sale 45 5 Jan. Jan. 31* Jan. Jan. 22 Jan. 11% Jan. Sale 18 10 28 Jan. Sale 49 10 Jan. 2% Jan. 6% Jan. 1% Jan. 99 12% 21 Jan. 61^ 25 3 Sale Sale 7 10 3 11 29 12 Sale 20 Jan. Sale 127 11 Jan. 17% 6 25 4 93 22 94 12 Jan. 4% Jan. 3 10% Jan. 3 114% Jan. 3 88 16 67" "70" 39 26 98% 115 < 3% Jan. 30 105 44 7 3 10 3 . 20 Sale 45 13 3 Jan. Feb. 25 Sale 50 2* 3 38 Sale % Sale 192% Sale 104 108% 19% Sale 22 4 19 19 26% Feb. 8 Dec. 20 112% Feb. 11 106] Oct. 19 112 May 20 1043 Jan. 5% Oct. 19 24% Mar. 9 Jan. 4 Oct. 19 10% Jan. 28 23% Jan. « 17 Oct. 19 35 Mar. 17 18% Jan. 25 Mar. 3 17% Dec. 13 38 7% Jan. " 4% Oct 19 18% Apr. 22 Mar. 11 29% Jan. 18 Oct. 19 x44 159 Jan. 153 Oct. 19 171 Jan. 22 136 Jan. 127 Jan. 29 July 9 150 24 Jan. 16% Dec. 29 61 % Jan. 22 8% Jan. 5 Oct. 19 14% Jan. 14 % Jan. % Sept. 9 2% Jan. 18 % Jan. 1 Jan. 18 % Sept. 11 62% Jan. 55 Oct. 19 99% Aug. 14 22% Jan. 17% Dec. 29 26% Nov. 12 25% Jan. Oct. 29 20% Dec. 29 30 74% Jan. 63% Dec. 20 80% Oct. 30 Dec. 14 75 Dec. 14 75 4% Jan. 14 3 Dec. 28 12% Jan. 15 10% Jan. 20 6% Oct. 19 13% Feb. 25 7 28% Jan. 22% Dec. 29 57% Feb. 13 62 Dec. 28 87 66% Jan. 18 Sept. 17 40 Jan. 14 32 Dec. 29 64% Mar. 10 Jan. 18 106 Jan. 11 99% Nov. 8 109 12 Jan. 10 Mar. 17 9 Nov. 24 37 \lY* Jan. 15 10% Oct. 19 41% Jan. 18 Jan. Jan. 4 1% Sale 8% Sale ..... 26 19 Oct. 23 3% 98 "15" 7 12 31 Oct. Oct. Sale Sale Sale 28 Dec. 29 Aug. 20 Sale 95 100 29% 26 13 90 39 13 12 72 Mar. 17 Jan. 22 30% Nov. 24 100 15 Oct. 19 31% Mar. 19 Sale ""3% 13 10 75 Sale 2?* 28 10 Jan. 15% Oct. Sale xh ? 70 27 28 19 Dec. 28 148% Apr. 10 Jan. 18% Jan. Jan. 31 15% 27 Ill 28 109 4 7% 5 26 26 6% Oct. 17 7 24% Jan. 28 47% Mar. 11 24 Mar. 9 18% Jan. 21 33% Mar. 2 Jan. 18 167 Jan. 18 33 103 Feb. 8 57 Aug. 17 29 51% Sale Jan. 5% Jan. 4% Jan. 3 80 43 19 10 88 114 Sale 14% Jan. Sale 80 40 Oct. 8 10 Sale Sale 269 Jan. 15% Jan. 13% Jan. 10% Jan. 20% Jan. 17 156% Jan. 4 17% Jan. 12 16% Sale 100% Sale Jan. 17% Jan. 150 12% Jan. 29 3 28 3 Jan. 34 20 82% Jan. Sale Prices 19% Jan. 22% Jan. 38% Jan. 42% Sale "10% "li% P Highest Sale Prices 5 Oct. 19 10 Oct. 20 15% Jan. 28 13% Jan. 21 25% Jan. 28 Sale . see page Sale Sale Sale Lowest Sale Prices 16% Sale 15% 16% 26% Sale Sale 21 ..... ............. 14 34 62 Penlck Ac Ford. Penn Coal Ac Coke 26 71 83 Sale 75 41 10 23% 206,800 Pacific Western OU * 2.512.400 Packard Motor Csr 10% Pan Amer Pet Ac Trans .....5 16% 14.300 3% 177,300 tPanhand Prod Ac Ref.....* 58 8% conv preferred......100 32,760 76% 52,600 Parafflne Co Inc...........* 4% cony preferred......100 100 2,000 24% 5,071,900 Paramount Pictures........1 1st preferred......... 100 173 114,100 2d preferred............10 22 581,500 1 34 35,400 Park Ac Tllford 1,717,800 Park Utah Cons Mines.....1 119,500 99,600 166,600 525,100 682,500 397.700 58.400 261,600 85.200 394,400 85,000 72,800 1.239,400 19,000 90 Sale Sale 19 36% Sale Jan. Sale ¥ oP 107 15 Sale .* Sale o 100 134 ~ 135 17 Sale 78 81 ....... Sale 1!* 11 Highest Sale Prices 9% Jan. 28 4% 19% Jan. 20% Sale 21 17% Jan. 14% Sale 6 5% Jan. 6% Sale 24 Sale 21% Jan. 26% Sale 155 158% Jan. 158% 157 Jan. 136 126% 132% 134 Sale 18 16% Jan. "17% 19 *6% Jan. 6% Sale 7% Sale Jan. % % % % Jan. Sale % 51 Jan. Sale 58% Sale Jan. Sale Sale 18% Jan. 22 22% Sale Jan. 65 Sale 70 68% 70 .* Elevator.. Sale Ask Sale .8* 0% preferred........... 100 Otis Steel Sale Sale 5 Oppenheim Collins Ac Co. Otis Sale 160 16 14% 78 "40% 42 14 Lowest Jan. 31 Ask Bid 9% Sale 14% \h% ..... 84,100 340.200 2,900 1,207,500 39,200 35,400 1,460 3 Bid 31H Sale • 1,860,700 Ohio OH Co (The) 424,700 Oliver Farm Equipment....* 650,400 Omnibus Corp tie (The) .* Preferred A 100 1,880 50 36,400 4,500 Ask . 91,700 1,800 23,100 Bid ... 600 150 64,000 35,300 18,800 ...... . 10,900 2,200 . Jan. 1937 Par 1,762,800 710 FOR Price Jan. 2 Share* 82,000 RANGE PRICES IN JANUARY STOCKS N. Y. STOCK EXCHANGE 1937 Share* 37 EXCHANGE—STOCKS i5oH 8 Jan. 26 Jan. 12 June 9 Mar. Aug. 11 Jan. 7 Feb. 1 Mar. 3 Feb. 2 Jan. 14 38 Jan. 12 53% Jan. 14 9 44% Jan. Jan. 4 152 Jan. 149 2 m 29% Apr. 6 12% Feb. 18 Jan. 20 * 25 4% Jan 121 May 13 Mar. 10 90 109^1 Mar. 18 28 Jan. 28 Jan. 28 200 Jan. 28 26 Jan. 5 34 8 Feb. 25 44 Feb. 3 29 Aug. 25 7 Jan. 14 Jan. 20 10 23 Mar. 11 Feb. 18 7 64 Jan. 9 Mar. 8 103 Jan. 23 6 12 Feb. 2 76 Feb. 1 29 Feb. 10 50 Mar. 17 Mar. 9 Jan. 27 Feb. 6 63 m 17 Mar. !§* 87 Mar. Jan. 91 25 Jan. Jan. 21% Mar. 11 4 5 7 8 11 13% Feb. 19 59% Mar. 10 Jan. 14 100$ Jan. 8 N. Y. STOCK EXCHANGE—STOCKS AGGREGATE In January SALES Shares 350 16,820 tPhlla Rapid Transit Go...50 19,050 7% preferred ..._50 410,600 Phlla At Reading G Ac I * 352.200 Philip Morris 5c Co 10 18,600 Phillips Jones Corp........* 91,400 1,272,000 13,000 2.150 152.800 47.200 1.690 47,10° 18,800 6.620 1.490 70 4,500 3,700 530 2,800 700 2,600 450 10 330 230 330 200 13* 2* Sale 74 13 85 Sale 15 87* 51* Sale 9 70 a?* Sale ,!§'i30 9,800 2,300 400 31,100 11,900 4,400 20,000 1,560 19,300 2,800 1,300 280 6.200 411,900 36,200 19.100 6,900 2.850 800 3,500 900 40,800 143,200 1,400 28,900 1,000 217,400 o $04,700 2.800 198.600 18,700 80,300 1,500 3,400 I,500 4,200 4% preferred ..100 Pitts Coke Ac Iron 15 conv 56* Sale 77 Corp....* preferred........ Plttsb Ac West 700 900 26,200 270 39,400 300,900 2,200 1,931,800 1,600 490 130 7,200 500 17,300 42,000 410 200 „P°° 560 11",600 53* 49* Sale Sale Sale 95 14 Jan. 6 166 166 Jan. 1* 11* * Sale !4* 9 8* 2* Sale Sale 8* Sale 3^ I* Sale 24 Sale Sale Jan. 1 Sale Sale 11* Jan. * Jan. 16* Jan. Radio Corp of Amer * 85 preferred B. 83.50 cony 1st pref.......* Reo Motor Car.......... ..5 17* 18* 11* Sale 78 Sale Sale 37* Sale 8* Dental Mf#__......._* Oct. 5 15 13 Oct. 19 Oct. 19 19 Oct. Jan. 10 Oct. 19 19 Jan. Jan. 15* Jan. 31 * Feb. Jan. 15 Oct. 19 31 Jan. 17 Oct, Feb. 11 Oct. 19 19 86 Jan. 65 Jan. Jan. 15 Jan. 4 Jan. 21 Feb. Jan. 8 21 20 27 8 Jan. 31 Sale 24 Jan. 27 3 45* Jan. 117 Jan. Jan. 134* 136 135 21 13 Oct. 6 Oct. 13 Oct. 25 140 Jan. 5 108 Jan. 31 123* Jan. 26 143 Jan. Sale Jan. 112* 112 30 Sale 29* Jan. 10* Jan. 10* Sale 12 112* Jan. 29 36* Jan. 31 Jan. Sale 96 Sale 94 Jan. 3 9* 15* 6* Sale 7* Jan. 15* Jan. 3 29 Jan. 16 15 Sale 71 8* 46* Sale Sale Sale Sale 4* Sale 21 19* Sale 19* Sale 20* Jan. 6 60* 44* 3* 19* 17* 25* 31 3 Jan. 31 Jan. 28 3 Jan. Jan. 28 Jan. 31 Jan. 28 47* Sale 42 46* 11* 12* 25 30* 29 Sale 29 Jan. 31 24 30 24* 3* 26 24 Jan. 7 3* Jan. 38* Jan. 17 13 4* 39 35* I* Sale 9 7* 10* Sale 34 26 26 Jan. 10* Jan. 12* Jan. 29 65 Jan. 8 62 70 47 60 50 Jan. 28 2* Jan. 16* Jan. 3 3 61 Jan. 28 60 10* 2* Sale 17* Sale 60 67* 60* 64* 12* Sale Sale Sale 75 70 60 Sale 31 81 24 90 60 63 8* IVA 15* Sale 81* 100 7* 40* 51* 6* 6* 6* 17* A* 43* Sale 56 50 10 8* 9 21* 2 aVA 8 Sale* ll* 9* ISeaboard Air Line........* 18,500 Cony pref series A.......* Sheaffer (W A) Pen Go......* 100 93 Sale 89* 8 44 11 19 2* Oct 19* Dec. 19 15 11 20 26 Jan. 18 13 30* Jan. 27* Jan. 15 30 25 23 Jan, 10 Jan. 21 Jan. 15 19 66* Jan. 22 69 10 20* Jan. 75* Jan. 15 1* Oct. 12* Oct. 15 65 73 13 8 Dec. 4 85 Jan. 21 76* Dec. 63 64* 17* 87* 10* 46* 58* 8* Jan. Jan. Jan. Jan. Jan. Jan. Jan. 7* Jan. 11* Jan. 20* Jan. 21 60 Jan. 8 15* Jan. 85* Jan. 6* Jan. 27 3 4 7 3 10 Jan. 19 17 Jan. 27 17* Jan. 29 Jan. 5 29* Jan. 4 1 Jan. 28 2 Jan. 5 5* Jan. 26 2 23* Jan. 2* Jan. 40* Jan. 1 * Jan. 77* 19* Jan. 72* Jan. 88 Jan. 100 Jan. 31 Shattuck (G F) Sale Sharon 85 ...» Steel Corp........ cony .... Shell Union OH Convertible • preferred.. 100 5 Silver King Coalition.... Simmons Co .........* Slmms Petroleum 10 63* 42* Sale 27* Sale Sale 14* Sale 45* Sale 3* Sale 103 25 6% preferred...........100 Sloss-Sheffield Steel At Ir.100 "47"" Sale" 97 100 85* Sale $6 preferred..............• Smith (A O) Corp.........10 Smith Ac Corona Typewr.—.* *49* "51* Snider Packing "28* Sale' ........* 5,076.700 Socony Vacuum OH Go Inc.15 3 Sale 16* Sale Slmonds Saw At Steel Go....* Snelly Oil Co Sale Sale 17 Sale 28 Sale 87 75 97 Sale 100 18* 11* Sale Sale 11 Sale 90* 14* Sale 100 Sale 7* Sale 19* Sale 3* 19* 26* Sale ilH 91 93 60 Sale 97 B* 11* 14* 99 Sale 13 Feb. 25 3 2 27* Jan. JI8 Mar. Dec. 12 Dec. 98* Mar. 15 29 81 1 Jan. Jan. 3* Feb. 9 10 45* Jan. 14 2* Jan. 8* Jan. 54* 2 11 14 11 11 42 Jan. 24 * 2* 25* 5* 64* 16* 8* 20* Jan. Jan. Jan. Jan. 6 27 Jan. 3 5 Jan. Jan. Jan. Jan. Jan. 28 Jan. Jan. 28 66 Jan. 5* Jan. 48 Jan. Jan. 5 Jan. 27* Jan. 18* Jan. Jan. 28 3 101* Jan. Jan. 3 Jan. 9* Jan. 3 Jan. 24* Jan. Jan. 3 3 3* Jap. 3 22 Jan. 16* Jan. 25* Jan. 29 34* Jan. 4 91 Jan. 90* Jan. 55 Jan. 28 82* Jan. „ * Oct. 3 * Oct. 34* Nov. 3 13 17 Feb. 14 120 Feb 1 65 Jan. 27 44 Feb. 21 8 34* Feb 105* Feb. 19 2 11 27 11 IV4 2tH 11 17 13 10 6 12 13 10 14 112* Jan. 12 13 Sale 13* Jan. 28 Mar. 11 Mar. 10 Apr. 21 Oct. 8 60* Apr. 22 4 102* Feb. Mar. 10 197 Mar. 8 120 15 15 3 Mar. 10 14 14 Jan. Jan. Jan. Jan. 4 10 Jan. 11 Zr. f 17* Feb. 10 42* Mar. 10 11 Jan. Sale 2 Aug. 18 17 13 100 3 * 12 28 20* 15* 13* 16* Mar. 17 23* Feb. 4 7* Jan. 3 Jan. Jan. .18 20* Mar. 5 37* Mar. 11 Jan. 13 46 Oct. * Jan. 15* Jan. 11* Jan. 19 Mar. 17 6 2 100 Nov. June 4 Feb. Mar. 11 4 27 Sale 1 * Oct. 3* Oct. 29 4 Jan. 7* Jan. 6* 18* *38 Oct. Oct. Feb. 19* Dec. 21 Mar. Sale 97 6* Oct. 31 * Feb. 7* Sale 64 8 20 23 Jan 3 4* Sale 47 43* 30 25* 16* Sale Feb. 103 3 60 14 113 Jan. 57* 60* 4* Sale 44* Sale 23* 25 16* Sale Sale * Jan. 113 13 103* preferred.........* Sharp Ac Dohme Jan. 67 Dec. 20 15* 60* 4* 44* 24* 15* 96* 6* 18* 22 58 10 3* Jan. 54* Jan. Sale 34* Jan. Jan. Sale ilH 49* Apr. 14 98 Apr. 14 Apr. 17 95* Jan. 20 30* Jan. 14 Jan. 8 112 139 Dec. *YA 17 19 26* Nov. 1 18 Dec. Sale 16 9* Feb. 47* Mar. 11 Dec. Sale Sale * 19 18 28 3* Feb. 12 * Jan. 5* Jan. 37* Jan. 13 19 Mar. Mar. 20 Sale Sale 1 3*H Jan. Sale Sale 4* Oct. 12 5 5 8 Mar. 31 9 19 *29* Mar. 8 94* Jan. 30 Feb. 18 30 110 28 31 19 Jan. (Schulte Retail Stores..... 1 8% preferred 100 2* 10 * Nov. 8* Dec. 18* Dec. 17* Oct. 11 8 10 20 81 4 22 Oct. 10 10 Jan. 83 11 93 Jan. Sale Nov. 10 19 Jan. 43* Jan. 13* Jan. 23* Jan. 75 Sale 7 55 11 5 Sale Seagrave Corp (The).......* Sears, Roebuck At Co.......* Seryel Inc ..............1 11 Dec. 29* Dec. 13 Mar. 8 3 80 2* 5* Dec. 40* Dec. 8 26 75 21* 11 Jan, 74 Sale Nov. 12* Oct. 10 93 Oct. 80 5* Jan. 3 Sale , 7 9 21 16 5*% preferred.........100 * Sale 2* 2* 20* Sale 3* 3* 54* Sale 8 12 10 29 Sale Jan. 5 15 Dec. 28 124 Apr. 23 Dec. 29 110* Mar. 10 81 31 0* Dec. Dec. Oct. Oct. Nov. Dec. Jan. 3 Jan. Sale Sale 12 Dec. 29 Sept. 11 Jan. 51* Jan. 8* Jan. 5* Jan. Sale 1 Jan. 15* Jan. • 10 Jan. 22 4-2% preferred.........100 Jan. 39 Vi Sale Seaboard Oil Co of Del 10 Jan. 26 it* 22* _ 3 Jan. Nov. 47 49 7* 7* 9* 8* 61* Sale Sale Jan. Dec. 28 Dec. 28 Dec. 23 8 Dec. 19 3 10* Apr. 19 37* Aug. 25 18* Dec. 29 3* Oct. 4 18* Jan. 21 12* Mar. 0 8 115 Dec. Dec. 28 80 17* Jan. Sale 102 Sale 14 Jan. Sale * 5* Jan. 24* Jan. 29* Jan. 18 37* 25 15 24 17* Feb. Jan. Sale ...» Oct. 1 Dec. Oct. 19 Jan. Sale ... 24 52 3 102 28 19 ...... Jan. 18 107 19 23* 11 105 15* Sale Scott Paper 15 37 28 8* Feb. 6 Jan. Sale Oct. 29 40 Sale 85 28 Sale 8* 18 Jan. Jan. 90 70 Jan. 24 1 11 15 25 Jan. 24 Sale 3 20 11 11* Jan. Sale 18 17* 2 2* 31* Sale 1* 2* Sale 5* 30* Sale 2* 5* Sale 22 25 Jan. 41^ ll* 22 Sept. 29 162* Jan. Jan. 22 Jan. 110 61 23 Aug. 30 Feb 4 June 17 113* Jan. 25* Oct. 19 72* Feb. 8* Oct. 19 24* Feb. 21 17 5* i3 * 4* 96* 4 67 13* 613,800 190,600 460,700 54,100 1,392,500 573,800 236,900 287,800 32,190 418,200 Sale 113 Jan. Jan. 8 63 Sale Sale 1 8 72 Sale 20 5% preferred...........100 5^ il* 60 ,18* Sale 25* Sale 10* 11* 5* Sale Sale Sale Jig M 14 Apr. 22 11 Feb. 10 20 112 19 128 29 94 3 24* 29* 22* 33 * 11 * 3* 12 30* Jan. 18* Jan. 23 10* 10* 31* 50* 118* 35* Dec. 30 Jan. 7* Sale Roan Ant Cop Mines new... 19 Oct. Sale 12 10 17 119 7 16* Jan. _ Jan. Sale 12 28 19 22 106* Jan. 8* Jan. 4 Jan. Oct. 4* Jan. Sale S* 11 Dec. 28 31 107 2* 2* Jan. 45 12 18* Sale Nov. 24 8 19 Sale 5 13 Jan. 19 101 6 Jan. Jan. 11 42* 81 117 Jan. 1 12 > 10 18 79 45 8 Dec. 11 Dec. 2 30 21 119 "22* Sale" Dec. Jan. 25 19* 10 Mar. 10 19* Jan. Sale 18* 29 122 26 28 Sale 83 3* 27 Dec Jan. 12 8* Feb. 1 July 14 Apr. 29 141 Oct. 19 47* Mar. 5 3 Jan. 12 Oct. 19 23 75 3 24 10 8 Mar. 43 17 Dec. 28 29 26 40 19 7 Mar. Jan. 1 130 4 Oct. 18 Jan. 20 3* Jan. 7* Jan. 96 6 19 3* Jan. 1* Jan. Sale 60 100 26* Jan. 20 46 Jan. Apr. 12 175 Apr. 23 190 Oct. 22 7 93 104 94 Jan. 3 Aug. 10 Aug. 14 2* Jan. 31 Sale 98* 100 18* Sale 5 10 12 Jan. 14 28 Sale 8* 8* Jan. 16*J an. Jan. 26 173.* Jan. 76 2 100 Jan. 113* 112 Sale 27 3 Jan. Mar. 25 118 Oct. 19 52 112 Sale Dec. 25 166 28 25 57 10 8 Sale 136 68 19 29 Sale 47* Sale $5 preferred..............* Pullman Company.. .......* 21 19 Oct. Jan. 20 87* Jan. 6 64 July 20 9* Jan. 20 74* Jan. 13 20* Apr. 5 33* Jan. 18 56 Feb. 17 18* Jan. 2 Jan. 95* Sale 107* Sale 111* 113 Oct. 2 Jan. 12 3* Feb. 1 95* Aug. 31 9 ol 18 123* 17 Highest 7* Feb. 14 27 3 Sale 32 Dec. 7* Jan. 35 90 Sale 9 17 19 19 19 14 Dec. 4 Sale Jan. 46 Oct. 21 13 7% preferred...........100 Savage Arms Corp..........* Schenley Distillers Corp....5 141,100 48 Oct. 6* Jan. 13 13,410 137,600 471,796 28,000 339,400 61,600 24,950 „ 65 10 12 7 Jan. 76* 90* 120 Jan. Jan. 20 1,010 4 Oct. 8* Jan. 24* Jan. 17 1 17 19 Jan. 5 10* Jan. 1* Jan. Sale 300 8 "30*"Jan""i8 28 33 Sale 15,900 2,600 24,000 29,600 6,100 1,000 II,100 Jan. 5* Jan. 26* Jan. Sale m A* llA 88 3,380 582,000 71,300 578,200 506.650 72,400 14,000 266,200 18,200 31,620 8,790 107,300 45,300 40 35 7 35 47 20* 170 29 3 23 Sale , 18 Jan. 23 Sale : Oct. 20 26 5% preferred...........100 6% preferred...........100 7,300 25,400 4,100 6,600 1,100 2,120 10 171* 171* Jan. 6* Jan. 6* Sale Sale 10* Jan. u* Sale 37 33* Jan. 5,610 4,190 650 42* Jan. 169 217,400 Safeway Stores.............* 570 330 28 20* Jan. »S 211,700 tSt Louis-San Francisco. 100 6% preferred...........100 340,200 4,710 t t Louis Southwest era..100 100 34* Jan. Oct. Dec. 31 9* Sale 2H 2* 33,600 Ruberold Co cap stock new.* 100 27.300 Rutland RR. pref .......10 491.500 St Joseph Lead 500 6 17* Sale iSif 15 19 Oct. 15 Oct. 19 Oct. 19 Nov. 22 6 1 at* 26 12 7 30* Jan. 7* Sale 12* 9 2* Jan. 4* Jan. * Jan. 91* Jan. Sale 6* 34* 8% preferred ...100 Public Service £1 Ac Gas— 37,300 Ritter 31,500 3,300 5,700 170% 6 5 11 28 Sale 46 60 1,400 Rhine Westphalia El & Pow.. ♦ 199,800 Richfield Oil Corp 52,800 1,600 12,900 3,100 35 6 Sale J* 28* Sale 6,920,700 Republic Steel Corp........* 6% cony preferred......100 110* 112* 39.000 Sale 6% cony prior pref ser A 100 34.000 Sale 321,200 Revere Copper Ac Brass.... 5 Class A.................10 Sale 26,100 132 5.200 7% preferred—........100 95* 5H% preferred.........100 2,540 Sale 183,400 Reynolds Metals Co........* 113 5)4% cony. pref........100 5,400 Sale 117,500 Reynolds Spring Co........l Sale 522,000 Reynolds(RJ)Tob cl B.....10 57 Common __10 2,910 26,100 2,000 1937 Highest 1* Jan. 3* Jan. * Jan. 81* Jan. 4 27 8* 7% preferred...........100 1 1,017.230 Rem'ton-Rand Pref with warrants......25 34,500 Renss Ac Saratoga RR Co. 100 1,720 400 2 35 28 21 30 5% Its Pub Ser Corp of N J common * 85 preferred 6% preferred..........Its ....... 1,900 Sale 160 Preferred _ 400 36 173* 13* Sale 28* Sale 108* Sale Virginia..100 ..... 690 YEAR Lowest Sale Prices Dec. 31 8 Sale 3n 173 188 Highest Sale Prices 72 38 2i* 4?* Sale 5 50 36 1,600 Rayonier Inc..............1 82 preferred .........25 1,300 52,300 Reading Company........50 First preferred 50 8,600 Second preferred.... 50 9,600 5 51,600 Real Silk Hosiery........ Preferred. ........100 1,460 * 53.100 Rels (Robt) Ac Co.... 1st preferred 100 8,300 88.500 Reliable Stores Corp.......* 15,600 Reliance Mfg Co____.___._10 700 800 84* 8 68 2* Sale Sale Sale 5* 51 53 1,511,300 t Radio-Kelt h-Orph Corp...* 81,000 R nybestos-Manhattan......* 2,200 Sale l§* 73 25 44.600 Quaker State OH Rfg Corp. 10 6,453,400 2* Sale 4 Pittsburgh Coal (of Pa)...100 Pllsburj Flour Mills • 3,435.300 Pure Oil 28,850 6% preferred............. 433,300 Purity Bakeries 300 2 Pirelli Co of Italy Am shs pref._.100 .... 7,200 82 Ask 3* 1* 3;4 Lowest Sale Prices Jan. 31 Ask Bid 6* Sale 20* Sale cony 154,400 Pittston Co (The)......... 463.900 Plymouth Oil... ......5 11.800 Pond Creek Pocahontas Go. ..* 235.400 Poor At Co class B 83,300 Porto Rlcan Am Tob cl A...* Class B 49.700 221.500 tPostal Teleg Ac Cable preflOO 571.300 Pressed Steel Car common.. 1 46.900 5% cony 1st pref.........5 42.800 5% cony 2d pref ......50 307,300 Procter Ac Gamble..........* 600 Bid 17* Sale 28% 8% 2,080 6% preferred..........100 25 545,700 Pittsburgh United J'?70 Cony pref (unstamped). 100 16,400 3,300 4,800 4,500 164,700 Sale 5% preferred class A....100 5*% 1st ser conr pr pf.100 19,500 Pittsburgh Terminal Coal.. I 1,000 700 I OS 6* 12 Ask 670 ~~2, 330 8,800 1,600 Preferred....... .. 1!° 34,400 4,000 17,500 1,100 66,800 44,000 11,700 6,600 Phoenix Hosiery...........5 Pierce Oil 626,800 Pittsburgh Screw Ac Bolt • 75.600 Pittsburgh Steel Co........* 26,070 7% pref class B ...H* 14,100 * .......100 Phillips Petroleum.........* 200 Pitts Ft W & Chic Ry 100 Preferred 800 ...........100 50 23,500 10,100 , Preferred Bid 3 Jan. 1937 Par 420 RANGE FOR Price Jan. 2 Shares 1,000 5,600 45,500 V PRICES IN JANUARY STOCKS N. T. STOCK EXCHANGE 12 Months 1937 54* Jan. 40* Feb. 29* Feb. 23* Aug. 10 11 10 15 13 Solvay Am Corp— 600 36,800 3,300 8.000 5*% preferred.........100 933,200 South Amer Gold At Plat 235,400 So Porto Rico Sug 50 1.580 For footnotes see 8% page preferred 40. 1 112 112* 4* Sale 34* Sale 100 155 Sale 110 114 2* Sale 22 128 Sale 131 112* 113* 112 2* Sale I 2* 24 25*' 22 130* 142 128 Jan. Jan. Jan. .Tan. 3 3 4 3* Jan. Jan. 10 130* Tan. 28 27 Mar. 18 115 Oct. 19 6* Oct. 130 Oct. June 9 Feb 20 19 42* Jan. 12 25 155 Jan. 3 FEB., 1938] N. Y. STOCK AGGREGATE SALES In January Shares 13.800 166,400 83,400 32,000 500 600 80 26,100 900 223,100 1,900 20 000 Jan. 31 Sale 22 Southern Pacific Co .100 Sale Southern Railway -I 0 Sale 478,800 5% preferred.......... Mobile Ac Ohio certlft. I100 5,400 » 71,800 Spalding (A O) 8c Bros.. 1st preferred -100 6,160 585,600 Sparks Withlngton 1 39,300 Spear 8c Co Sale 18 H 11)4 18 % Sale Sale Sale Ask, 310,700 Sou California Edison- —25 ..... 21% 51% 58 67 22 Sale Sale 187,200 Stand Com'l Tobacco... nil • 1,011,600 (Standard Gas 8c Elec... HI* $6 prior preferred..... ,..i* $7 prior preferred..... i0H "ii% Sale 26% Sale 56 65% 39 8)4 53)4 18)4 7% .06)4 2)4 4)4 9)4 18)4 .... 17)4 11)4 17)4 24)4 3)4 37)4 2% 7 75 YEAR 1937 Lowest Sale Sale Sale Sale Sale 3)4 46 Sale 8 Highest Lowest Highest Sale Price* Ask Sale Prices Sale Price Sale Prices 20)4 Jan. 16)4 Jan. 26 28 10 28 24)4 22)4 13)4 21% Jan. Jan. Jan. Jan. 31 5 32 Jan. 14 3)4 Jan. 10 Jan. 3 46 2)4 Jan. 3 7 7 Jan. 15)4 Jan. 28 24)4 Jan. 3)4 Jan. 38 Jan. 10 17% Oct. 19 12 17 19 12 10 9 Jan. 21 4 Jan. 12 9 Jan. 12 75 22 Sale 16)4 12)4 Sale in1 272,700 Sale 6)4 \8)4 2)4 Sale Sale • $4 preferred 3)4 Sale 19)4 Standard Brands........ ,...* $4.50 preferred........ in* 849,000 70,300 27 Sale 1112 .... 38 95 ' ..... 111,800 Square D Co class B. 10.400 slle* ... 91.000 Splcer Mfg Co $3 cony preferred A.... 9.530 1.537.800 3 v t c., 1.133,300 Spiegel Co Inc Conr $4.50 pref 34,620 3id 22 15.50 preferred ...* Spencer Kellogg 8c Sons. 23,400 931,500 Sperry Corp (The) 270 66,700 1,950 11,300 76,700 1,300 8,800 33,700 49,700 4,000 3 Ask Bid Sale 20 % 250 400 Jan. 1937 Par 2,244,850 1.731,500 RANGE FOR Price Jan. 2 1937 Share* PRICES IN JANUARY STOCKS N. T. STOCK EXCHANGE 12 Months 9 EXCHANGE—STOCKS 41 21 23)4 18)4 Sale 12 12)4 34)4 Sale 9)4 Sale Sale Sale 54 Sale Sale 17)4 Sale Sale 8)4 Sale 106)4 106 Sale 3)4 3 Sale Sale 3)4 Sale Sale 7)4 Sale Sale 14)4 Sale Sale 17)4 Sale 21 Jan. 17 16)4 12)4 34)4 8)4 51)4 16)4 7)4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 106 Jan. 22 Jan. 6 3 21)4 Jan. 17 3 \& Oct. Oct. 19 15 27 Oct. 18 Dec. 29 1% 35)4 1% 5% 73% 19% Oct. Oct. Oct. Dec. Sept. Dec. 19 19 19 29 20 27 10 10 10 Oct. 19 Dec. 29 31 z39 Jan. 5 39 Dec. 29 3 28 Jan. 10 7 28 3 2)4 Jan. Jan. 26 Feb. 2 36 Jan. 23% Jan 2 12 35 50 11 __ Aug. 14 Jan. 3)4 Jan. 5)4 Jan. 10 11)4 Jan. 22)4 Jan. 26)4 Jan. 12 5 Oct. 19 14% 32% 14 10 19 65 Jan. 12 12 14 Oct. Oct. 19 72% Jan. 7 13 % 27% 26% 30% Dec. Dec. Oct. May 28 28 19 14 Nov. 24 13 28 28 Feb. 94 11 4 28 9)§ Jan. 31 Jan. Jan. 21)4 Jan. 9)4 Jan. 28 28 65% Jan. 20 11% Mar. 16 'k Mar. 17 Feb. 11 Apr. 23 Mar. 8 Jan. 20 Dec. 23 Jan. 22 Mar. 8 Mar. 8 60 20 107 3)4 Jan. 6)4 Jan. 13)4 Jan. 16)4 Jan. Jan. 32% Jan. 13 65% Mar. 11 43% Mar. 17 60% Mar. 6 ll 8)4 Dec. 29 49 16 10 Nov. 23 Nov. 7)4 Oct. 101 Oct. 2% Oct. 2)4 Oct. 12 28% 95% 48% 16% 8 19 20 107% 19 12)4 19 ' 200 55,400 49,600 200 123,600 2,300 4,300 14,000 5,200 93,100 75,100 4,700 390 36,900 4,000 39,400 10,600 4,800 100 20,000 6,600 24,100 Standard Investing Corp...* • 1,031,700 Stand Oil of Calif 25 766,633 Standard OH Co of Ind 9,000 Standard OH of Kansas....10 A* Sale Sale 1)4 28)4 Sale 33)4 Sale 1 25 Sale 31 44 % 32,600 Starrett Co (The L S)_._..._* 100,700 Sterling Products Inc.. ..10 447,100 Stewart Warner Corp......5 1 71,000 Stokely Bros 8c Co Inc Sale 20)4 Sale Sale 54 2,086,000 788,500 2.194,500 Standard OH ef N J Stone 8c Webster.. Studebaker Oil 42 Sale 22 54)4 47 22 56 Sale 13% Sale 74 H 76 Sale 9 8 9 Sale Sale 47)4 51 9)4 4% 12 125 1 Sale Sale 27 124 Sale 21 2)4 Sale 14)4 Sale 17)4 21 8)4 10)4 16)4 Sale 23)4 Sale .....10e 235,900 Superior, 8 teel 69,500 Sutherland Paper Co......10 23.400 Sweets Co of Aster (The)..50 ._25 383,100 Swift 8c Co 134,800 Swift Internet Ltd...... 8)4 5)4 1 1)4 29 Sale 32)4 Sale 30 35)4 7)4 Sale 29 % Corp.. ........1 • 51,600 Sun Oil 6% preferred...........100 5.410 ....10 269.000 Sunshine Mining Co 159,400 Superheater Co (The)......* 1,707.500 Superior 32)* )4 Sale 24 Sale Sale Sale Sale Sale 9)4 17)4 Sale Sale 24 Jan. 28)4 Jan. 33)4 Jan. 33)4 Jan. 35)4 Jan. 12 31 Jan. 24 34 Jan. 24 44)4 Jan. 3 51% Jan. 12 42 19% 53% 5% 6% 6% 34 7 Jan. 4 26 Jan. 15 54 )4 J an. 4 12 8)4 Jan. 7)4 Jan. 3 58)4 Jan. 11% Jan. 11 13 12 12 22 8 4)4 Sale 50)4 51)4 49)4 120 123)4 121 11)4 12)4 Sale 25 Sale 24)4 2)4 2)4 Sale 13 13)4 Sale 19 8 3 1 Jan. Jan. Jan. 3 27 3 10 Jan. 3 Jan. Jan. Jan. 31 3 Jan. 11% Jan. 7)4 Jan. 51% Jan. 125 Jan. 3 26 13)4 29)4 3)4 17% 18 Jan. 26 21 9 12 24 Jan. 13 Jan. Jan. Jan. Jan. 6 9 13 11 18 10 Jan. 15 Jan. 10 16)4 Jan. 23)4 Jan. 3 18% Jan. 10 3 27 12 7)4 Jan. 28 5)4 Jan. 6)4 Jan. 42)4 Jan. 28 9 Dec. Dec. Oct. Dec. Oct. 3 Oct. 44% Dec. 118 Aug. Jan. Jan. 10 Oct. Oct. Jan. 11 Feb. 19 Feb. 9 Dec. 8 Mar. 9 Mar. 29 29 19 29 19 11 Jan. 20 Jan. Feb. 17 16 Jan. 11 9 6 Jan. 4 19 July 12 19 Feb. 3 Mar. 2 Mar. 11 Jan. 25 1% Oct. 19 19 Oct. 29 Feb. 19 8 17% 7% 15% 22% 5 Jan. Dec. 28 Oct. 19 Oct. 19 Oct. 19 Jan. Mar. Mar . 20 8 31 Symington-Gould Corp with 13,600 16,200 400 260 2,400 14,600 141,000 27,400 23,400 28,900 77,200 stock purchase warrants. 1 469,200 Without warrants........ 1 272.200 9 50,900 Talcott (James) Inc 5)4% preferred..........50 3,450 .....5 42,900 Telautograph Corp 600,600 Tennessee Corp............5 2,873,350 Texas Corp (The) 25 • 928,200 Texas Gulf Producing Co .....* 383,100 Texas Gulf Sulphur Tex Pac Ld Trust ctfs """566 60 10,600 2,400 1,600 6,300 9,800 500 52,100 1,600 20,000 18,400 39,800 17,900 3,700 24,700 200 8,000 1,400 23,000 3.700 4,300 590 22,000 1,600 3,200 24,600 69,900 14,700 14,300 2,400 3,300 217.200 58,600 500 2,600 50 14,000 3,200 138,900 12,400 8,800 12,100 100 - 20,840 3,000 8,100 66,000 1,000 7,100 10,700 200 100 g 660 3,600 12,900 500 5,600 500 16,000 5,600 12,800 100 22,800 29,300 307,300 62,300 9,300 600 59,800 47,100 6,000 37,700 2,560 523.000 78,500 29,000 144,100 669,100 65,600 994,000 27,000 507.000 253,200 538,100 477,500 135,300 574,200 8,800 185,300 18,800 605,950 56,050 119,530 6,350 160.200 130,300 121,500 142,450 827,628 866,100 203,100 38,900 101,300 1,793.750 793,300 15,700 71,500 82,500 1,404,300 1,966.400 383,200 263,420 19.600 For footnotes 49 4)4 12 H Sale 6 Sale 55 Sale 39 Sale 8% Sale Sale 27 12 % Sale 3)4 7)4 8)4 4)4 6 38)4 3)4 30)4 8)4 9)4 Sale Sale Sale Sale Sale Sale 7)4 45 5 6)4 Sale Sale Sale Sale Sale cony The Fair Co preferred — 10C Thermold Co..............1 Tide Water Assoc OH......10 $4.50 cony pref Tlmken Roller Bear ...* Tri-Contlnental Corp..... Coal..........* Truscon Steel Co ...1C 20th Cent Fox Film Corp $1.50 preferred * • Twin City Rapid Transit.. Preferred ..100 Twin Coach Co 1 ....... Ulen 8c Co .......* ... Underwood Elliott Fisher..* Union Bag 8c Paper, new Union Carbide 8c Car Union Oil, California * 100 4% preferred........... 100 Union Tank Car United Aircraft Corp.......5 Transport.5 United Air Lines United American United Biscuit of Am Bosch....* ...* Preferred . * ........... United Drug Inc...........5 United Dyewood... 10 Jan 19 9)4 Jan 10 % Jan 10 19 900 Jan. 22 Jan. 10 Jan. 3 23 Jan. 11 Jan. Jan. Jan. 4 28 Sale Sale" Jan. 13 13% 48% 12% 7% 9% 4% Jan. Jan. Jan. Jan. Jan. Jan. 11 83 10)4 Jan. 39% Jan. 10)4 Jan. Sale 20 Sale 20 H Jan. 20 H Sale 5)4 Jan. 6)4 3% 81)4 5)4 108 109% 8% Sale Jan. Jan. Jan. Jan. 26 126)4 Sale" Sale Sale Sale Sale Sale 98 Sale 25)4 28)4 22 J4 27 Sale Sale 25 29)4 115 84 73)4 Sale Jan. Jan. Jan. Jan. Jan. Jan. 74 Jan. 22 Jan. Sale 21% 6)4 10% 8)4 18)4 16% 110% Sale 28)4 31 Sale Sale" 85 31)4 17 Sale Sale Sale AA 7% Sale 32)4 Sale Sale Sale 111H 106 Sale Sale Sale 90 75 1)4 preferred AA> Sale U S Hoffman Mach 5 5)4 % conv pref..........50 * U S Leather...............* Class A • 6)4 8)4 Sale Sale Sale ......100 U S Industrial Alcohol IH Sale 32 Sale Sale , 37)4 Sale Sale Sale Sale Sale 27 3 10 29 19 IS Jan. 13 Jan. 11 10% Jan. 12 2)4 Jan. 13 82 Dec. 15 19 Dec. 29 19 Nov. 23 2% Oct. 19 Dec. 29 7 19 Oct 39 > 191 6 78 Oct. 23% Jan. 27% Jan. 8% Jan. 9% Jan. 19% Jan. 110)4 Jan. 46% Jan 19% Jan. 3% Jan. 32% Jan. 7% Jan 9% Jan. 80)4 Jan. 6% Jan. 12 22 Nov. 24 26 29 Jan. Jan. Jan. Jan. 20 3 3 Jan. 4 Jan. Jan. Jan. Jan. 25 28 28 3 31 29 15 10 47 19 7 Oct. 19 15 Oct. 19 30 Oct. 15 117 91 17 8 12 12 10 2 12 24 Oct. 19 52 Oct. Oct. 19 5 9 3 101 6 Jan. 3 72 8% Jan. 17 Jan. 15 1)4 Jan. 5)4 Jan. 18 27 8 Jan. 27 57 164 Jan. 31 72 Jan. 4 Jan. 26 167 Jan. 18 Jan. Jan. Jan. Jan. Jan. 28 3 26 3 27 63 Jan. 20 26 Jan. 4 Sale Sale 1st preferred....... 100 U S Smelt Ref 8c Mg. 50 Sale Sale Sale Sale Jan. Jan. Jan. Jan. 3 • 4)4 22)4 45% 57% Preferred...............50 Sale 68 63 Jan. 73 Jan. 27 1% Jan. 7% Jan. 9% Jan. 18 8)4 35% 23% 6% 10% Jan. Jan. Jan. Jan. Jan. 63 32 Jan. Jan. 3 6% Jan. 31% Jan. 3 63 3 70 3 66% Jan. Jan. Jan. 12 11 11 12 15 13 13 20 17 10 3 % 5% Mar. Mar. 3 8 Mar. 13 Mar. 13 Jan. 22 Jan. 20 Mar. 29 Jan. Jan. 25 8 Sep Feb 20 17 Feb. Feb. Mar. Jan. Feb Jan 4 5 12 10 ; Feb. 11 6 Mar. 11 12 21 Jan. 16 24 Jan. 11 22 Mar. 8 46 Jan. 5% Jan. 2 Jan. Jan. 26% Apr. 19 64% Jan. 11% Jan. 8 106 Aug. 19 19 35 4 11 19 Oct. 3 26 Feb. Oct. 25% Oct. 3 10 3 Jan. 13 Mar. 6 Feb 3 Mar. 17 Jan. 14 Jan. 14 36% Dec. 17% Dec. 29 5 13 1 4 4 16 110 19 10 6 19 13 18 19 5»< Oct. 12 Jan. Mar 11 10% Oct. 11 Feb 99% Jan. 31% 35% 24% 31)4 5 5 6% Oct. 74 Dec 2% Oct 28 22% -Yl% 11% 109)4 12 26 40 50 17% 94 25 6)4 1)4 Oct. Nov. 23 100)4 8)4 Dec. 29 18% 61% Nov. 23 111 17% Oct. 19 28% 80 Nov. 23 148% 12 17% 2% 26% 6% 6% 32% 19% 5% 7)4 3)4 Dec. 29 25 6 17 Jan. 75 19 81 Sale 40. Oct. 5)4 Oct. 27 3 Sale see page 4 28 28 75 8% Oct. 15 8% 15 Sale U S Rubber 10 12 Sale 100 12 72 Jan. 20 U S Realty Ac Impt.... 36 .Tan. Jan. Jan. Jan. ..* Prior preferred—.... U S Pipe Ac Foundry 28 Mar. 10)4 Jan. 25 40% Jan. 25 4 21% Feb. 98 Aug. 13 Feb. 11 28 79 Feb. 4 12% 78% 21% 88)4 27 Jan. M 11 1% 6)4 13)4 58 3 Jan. 4)4 Jan. 10 8 11 6 44 39 105 15 Dec. Oct. Oct. Oct Oct. Dec. Oct. Oct. 20 Jan. 1% 49)4 9% 69% 18)4 73% 1% Oct. 4 31% Jan. Jan. 86 1)4 I? 12 18% Oct. 83)4 Sale 2% Nov. Oct. 25 Jan. Sale Mar. 30 22 13% Mar. 93% Jan. 13% Feb. 3% Oct. 55 Jan. Sale 98 64 7 Sale 7% Jan. 8* Oct. 4% Oct. 43 % 14 Sale 20 21 8 2 16% Jan. 15% Jan. 18% Dec. 11 24 L03 % 4r \5% Nov 10 Jan. 4% Oct. 23% Oct. 5% Oct. 5)4 Oct. 10 Sale 93 2 Jan. Jan. Jan. Feb. 8% Jan. 12 15% Mar. 8 65% Apr. 22 Mar. 15 Oct. 5)4 Oct. 34% Oct. Jan. 35 Sale 100 27 Jan. Jan. Jan. Jan. Jan. ...20 27 29 23 4)4 30% 56% 9% ......... 28 22 Sale Co.... 27 6)4 Jan. 10% Jan. Sale Freight 12 85 Jan. Sale Preferred Jan. Jan. Jan. Jan. Jan. Jan. Jan. 28 Jan. 2)4 Jan. 5 U S Gypsum 13 26 11 United Eng ft Foundry.. 5 United Fruit ......* U S Jan. 13% Jan. 12 Sale 34 Jan. * 17 56 4% 2)4 5)4 15% 3)4 13% 15% 71 ............. 4% Jan. 21 83 AA 23H 73 H Dec. 28 23% 17% 15% 57% 19 27 Sale _ 21 Jan. 102 Foreign Secur Corp 3 10 Jan. Jan. Preferred 11 11 34 7 U S Dlstrib Corp Jan 3 Sale U S Ac 8 3 Sale United Gas 8c Impt Co......* 4 3 Sale ........-—.100 41 15 Jan. Sale Preferred. 10 J an 7)4 Jan. 8)4 Jan. 27 3 ..* ...25 Union Pacific Jan. 5 44)4 Jan 4)4 Jan Sale 6)4 30 H 21 9)4 6% preferred.............* Troax Traer 3 28 1% Jan. 4)4 Jan. 7 Transamerica Corp new....2 Transc 8c West Air Inc.....5 Tran 8c Williams Steel Forg* Jan. 4 ..—...* Tlmken-Detroit Axle Co...10 47 11' 50 Sale .........101 Preferred... 14 4% Oct. 19 4% Oct. 19 6% Dec. 29 55 \2A 95 7% Thompson (J R) ...2? Thompson Products .....* Thompson-Starrett...... * 18 19 38% 65 % preferred......* Third Avenue 11 Jan. 37)4 Jan. 3)4 Jan. 6 11 7 18 Sale Thatcher Mfg $3.60 4)4 Jan. 10)4 Jan. 8)4 Jan. 4 900 10' Preferred.... .......* 19,100 United Paperboard Co.....10 417.300 152,200 7,600 7,700 16,900 143,100 160,100 4,190 182,200 14,500 435,900 269,400 389,100 15.800 294,600 688.800 4)4 8 6)4 6)4 42)4 100 Texas 8c Pacific 649,500 United Electric Coal Cos 206,100 Sale * ...... 83,300 1,910 8)4 Sale 6)4 Sale 6)4 7 41 8 Sale Preferred.. ...100 1,100 United Carbon * 110,700 Unlted-Carr Fastener Corp.* 41,600 United Corp....... .....* 2,958,800 283,900 450,900 Sale 38 % 14 ....., Old 4,700 1,100 Sale It 942.100 Texas Pacific Coal ft OH 755,800 19 14 % Oct Oct 35 8 Feb 22 Mar. 19 8 Mar. 11 86% Mar. 19 17 Jan IP 20 113% Jan. 16% Feb. 19 Dec. 29 8 19 26 24% Mar. 14 14 8 9 Nov 23 100% Feb. 3 % Oct 4% Oct. 5% Oct. 19 Jan. 28 19 70 20 19 53 Nov. 23 4 154% Nov. 5% 29% 16% 3% Dec. 29 Dec. 27 Oct. Oct. 6% Oct. 65 Dec. 24 Oct. 19 20% Jan. 34% Jan 137 172 13 3 4 Mar. 22 Mar 22 Feb Feb. 43% Feb. 9 15% Mar. 13 22% Mar 17 Mar. 30 14 112 9 72% Mar 19 12 19% Jan 18 19 19 11 3% Oct. 20 72% Mar 31 Oct. 19 Feb. 18 43% Dec. 29 118 Mar. 11 52% Nov 23 105 11 58 21 21 Dec 29 75 % Jan 18 SALES AOaREOATh In 141 100 166 Shares 040 Preferred 212,800 United Stockyards Corp 409,600 United Store* * 6,300 13,500 .. 500 4,720 1,300 1,000 17,800 16,000 1,600 6,280 546,400 272,100 3/540 790,500 92,100 1,840 56,200 878,700 310,660 6,870 11,020 7,260 6,000 5,610 720 130 440 12,900 5,500 60 53,300 5,000 60 1,400 54,400 28.0Q0 - 150 420 70 300 160 240 15,600 11,700 950 110,300 2,050 22,100 900 3,900 6,500 13,400 450 6,400 700 210 1,030 640 500 380 7,900 16,500 1,400 2,900 6,500 Sale 132 169 450 220 3,900 1,500 40 26,100 500 300 400 Vlck Chemical 41 3*4 22*4 100 0% preferred...... 108 Virginia Elec Ac Power i% pf* Virginia Iron. Coal Ac CokelOO 3*4 10*4 5% preferred...........100 119 preferred..........100 7% System............* • 4*4 % P*«f with warr 100 Walgreen Co * 38 18*4 44* 100 13.85 S conv preferred.....* 66 Warren Fdry k Pipe..—..._• .....5 36*4 36*4 Sale Wayne Pump Co...........1 Co..........1 Wesson Oil Ac Snowdrift $4 conv West 7% 0 El Co "A" • preferred...........100 . Western Auto Supply r0 preferred...........100 White Motor Co..... ....1 White Rock Mln Spgs ctfs..* Mach Sewing White Convertible ...* preferred....* 5,700 Woodward Iron Co Wool worth 432,200 1,900 11,500 143,500 300 16,700 41,800 11,300 10 Worthlngton P Ac M......100 preferred "A" 100 4% preferred B ..100 Prior pref 4*4% serles._100 Prior pref 4*4 % conv aer 100 Wright Aeronautical Corp..* 7% Wrlgley (Wm> Jr ..... Yale Ac Towne Mfg Ce—-25 Yel Trk A C'ch class B... preferred ... 100 Young Spring Ac Wire ......* Youngst'n Sh Ac Tube.... 7% 5*4% 100 preferred 553,560 41 various nations to Sale . . report 011 a more of the economic cause report was closer 48 3 5 3 3 25 Jan. 4 2*4 Jan. 3 *8 J an. Jan. 1*4 Jan. 28 3 32 Jan. 10 7 75 Jan. 24 i Sale 82*4 91 Sale 91 Jan. 88 87 Jan. Jan. bo 86*4 120*4 121 113*4 Sale 15 xil7 111*4 Jan. 14*4 Jan. 3*4 Jan. Sale 4 Sale Jan. 2 Jan. 24 Jan. 29 140 138 15 31 Sale 90 11 Jan. 12 Jan. 24 Jan. Sale 85 25*4 32*4 Jan. 3 15*4 Jan. 3 z26*4 Jan. 1 Jan. 15 19 9 56 22*4 Dec 29 83*4 Jan. 22 19 5754 Mar. 6 17*4 Oct 87*4 Nov. 23 167*4 Jan. 22 Oct. 113 Jan. 18 170 19 1054 Oct 31*4 Nov 19 1054 Oct.. 19 21*4 Dec. 29 Jan. 31 90 Jan. 4 Sale 21*4 Jan. 31 27*4 Jan. 12 90 Jan. 26 95 Jan. 4 63 50 63 55 Jan. 28 59 Jan. 14 16 14*4 14*4 10*8 Sale 10*8 10*4 2*4 3 18*4 19*4 14 Jan. 5 15 Jan. 8*4 Jan. 3 13*4 Jan. 12 6 19 33 Feb. Jan. 5 11 Jan. 21 8*4 Oct. 19 18*1 Jan. 1*4 Jan. 13*4 Jan, 3 3 Jan. 22 154 Oct. 19 6 Oct 19 46 2*4 Jan. 2*4 Jan. 4*4 Jan. 4*4 Jan. 50*4 Jan. 4 2*4 Jan. 1*4 Oct 19 3 3 Sale 10*4 Sale 13*4 2*4 2*4 2*4 2*4 4*4 Sale 5 Sale 10 Sale 35 82 Sale 16 60 100 45 66 76 79 45 60 45 4 13 21*4 Jan. 24 10 Jan. 7 Jan. Jan. Jan. Jan. 10 6 21 60 2*4 Sale 13*4 5 3 41 Jan. 12 19*4 Jan. 10 12 Jan. 25 66 Jan. 25 54*4 Oct. 66 81*4 13*4 37*4 73*4 Sale y Mr. van Zee- Sale Ex-rights. 12 46 Jan. 10 94 Jan. 10 Jan. 24 65 Jan. 15 31 Jan. 3 27*4 Jan. 15*4 Jan. 21 34 Dec. 39*4 Dec 38 Oct. 58*4 Oct. 21*4 Dec. 7*4 Oct. Jan. 5 93 Jan. 11 68 Jan. Jan. 3 10 Jan. Dec. 29 142 12*4 Dec. 29 46*4 Feb. 28 18*4 Jan. 43*4 Jan. 12 34*4 Nov. 24 101*4 Mar 6« Jan. 29 75 Jan. 26 70 Jan. 27 Jan. 28 10 28 22*4 Jan, 17*4 Jan. 3*4 Jan. action designed to remove of war. However, in its 3 , 10 12 11 the The scope prehensively overseas also desirous British note 54 Nov. 5 19 128 Mar. Jan. 6 29 Oct. 19 76 29 62*4 Jan. 37*4 Jan. 19 25 115 11*4 Dec. 29 2% Oct J Companies reported in receivership. France. of world economic confer¬ 22 12*4 Jan. 2*4 Jan. 80 are Jan. 20 112*4 Mar. 25 Mar. 10 19 100 1 29 4054 Dec. 15 Sale Sale 16*4 Sale 13*4 Sale as 47 34*4 Jan. nies and 30) 1354 Dec. 13 65*4 Jan. 20 19 8*4 80 13*4 34*4 Sale 3 29 28 73 84 64 13*4 Sale 2*4 Sale 7 22 20*4 Jan. Sale Sale 15*4 36*4 80 Mar 26 62 20*4 12*4 Sale Sept. 12*4 Feb. 27 91 54 26 Jan. 35 68*4 x%* 19 26 31 40 73 61 *-8 Vs Sale 4 30 Oct. Oct. Jan 6*4 Jan. 25 Sept. 7 Jan. 33 34 Sale 17 16 25 Mar. 22 73*4 Jan. 27 45 8*4 28 40 37 23 29 29 Jan. Sale 63 27 Jan. 13 36 Sale 81 60*4 Dec. 2 4*4 Dec. 4*4 Oct. 49*4 Dec. 10*4 Dec. 34 D»c 36 30 11 6*4 5*4 60*4 19*4 28 Aug. 6 Mar. 11 Aug. 14 Aug. 31 May 15 19 75 14*4 Jan. 5*4 4*4 58 4 Dec. 10 126 65 Oct. 19 Nov. 23 55 Dec. 29 14*4 Oct. 19 23 90 Oct 22 3054 Jan. 22 May 6 27*4 Feb. 23 34*4 Jan. 7 39 101 12*4 Sale Feb. 19 85 16 I 19 21*4 36 117*4 120 72*4 75 49*4 Sale 21*4 Sale 129 Sale 43*4 8ale 77*4 Sale 106*4 110*4 19 19 Sale Sale Sale Sale 63 Oct. 105 50 7?K Nov. 24 80 8*4 9*4 1*4 12*4 11 Feb. 8 92*4 Aug. 18 1854 Mar. 11 51*4 July 15 1974 Jan. 8 50*4 Feb. 1 1054 Feb. 26 99*4 Mar. 2 18 Jan. 5 69*4 Jan 23 12*4 Jan. 25 35*4 Jan. 16 46 Mar. 10 38*4 Feb 19 5054 Aug. 10 22 85 80 8*4 Sale Mar. 17 16 1954 Feb. 76 Oct. 23 103 Aug. 26 9 19 123*4 Mar. 9 115*4 Jan. 8 110*4 Apr. 14*4 Dec. 29 29*4 July 12 5 19 1154 Mar 2*4 Oct. 19 6 23*4 Mar. 5*4 Oct 15 1 Oct 454 Mar. 17 19 11 *4 Mar. 17 1*4 Oct 15 5 18 13 19 11 10*4 Mar. 16 18H Mar. 16 117*4 Oct. 27 17*4 Jan. 28 Sale 24*4 85 Jan. 10 5 12 6 6 15 7 Mar. 17 4 73*4 Nov. 20 84*4 Feb. 25 108 84 Oct Aug. 26 Feb. 11 88 Oct. 20 109 10 15 15 4 140 Jan. 13 31*4 Jan. 33*4 13 Sale 28 133 Sale 13*4 34*4 11 28*4 Jan. 27*4 Jan. 109*4 Jan. 31 20*4 Jan. 90*4 Jan. Sale 10 1*4 Jan. 3*4 Jan. 5 24*4 Sale 21*4 Sale 11 Jan. 9 28 Sale 12 18*4 Jan. 4*4 Jan. 5 19 23 *4 Oct 3 4 120*4 Jan. 6 113*4 Jan. 28 19 Oct 2*, Oct. 1 July 13 49 19 26*4 Dec. 22 4*4 Oct. 19 33 Dec. 16 2*4 Oct. 19 9 18 20 20 11 20 2 122*4 Jan. 16 11*4 Oct. 20 Oct Jan.112 97*4 Oct. 16 3 1 93 13 13 14 17 17 3 28 Sale 2*4 __ J an« 4 Sale Jan.. Jan. Jan. Jan. Jan. 28 102*4 Jan. 29 102*4 Jan. 28 Jan. 9*4 6*4 1*4 Jan. 3 3 7 A* Sale _ J an. 3 Oct. 21 19 Jan. 5 Mar. 4 Mar. 12 98 Dec. 28 2 3 4*4 13*4 24*4 17*4 29*4 37 9 135 7*4 Oct 31 40 12*4 Jan. 20 71*4 Dec. 28 3*4 Oct. 19 32 Oct. 19 17 Oct 20 7*4 Jan. 3 19 Dec. 18 Jan. Jan. Jan. Jan. 2*4 Sale 1*4 1*4 19 7 27 16 23 15 43*4 Aug. 31 9q Inn. 16 H Called for redemption* dominions of Holland, Belgium and of Mr. van Zeeland's plan might com¬ include Latin such American countries of expanding trade. circulation reached an all-time high on In the five following weeks, with the cessation of Christmas and New Year's requirements, the note circulation declined £36,118,646, which compared Dec. 22 of f509,31o,646. 1936, of £21,818,552. evidence that the banking authorities had overestimated the Christ¬ mas requirements. The sharp decline also indicated that foreign hoarding of British notes had abated to some extent as the result of the currency return. The British monetary with a praised for its idealism and but it seems to have met with approach to the realization plans might be effected through a similar drop after Christmas, on the part of Great Britain, France, issue to £200,000,000 from authorities reduced the fiduciary it had been raised on Nov. 16 in anticipation of increased note requirements of the holiday £220,000,000, States and the countries of the Oslo agreement, season. Sweden, Norway, Denmark, Finland, Holland, Belgium and Switzerland. Such cooperative action would likewise extend to the trading centers of the British colo¬ Gold namely: 7 73*4 Jan. 85*4 Jan. generally Zeeland's cooperation the United Jan. Sale quarters that some Van 16*4 Jan. 3*| Jan. 74*4 disapproval as being impracticable in the present state of affairs. However, it has been suggested in Mr. 18 4 74 international of Jan. 3 Jan. Jan. Jan. Jan. Mar. Jan. 115 Mar. 47 May 1254 Apr, 7454 Apr. 115 Feb. 2*4 Oct. 19 2h Oct. 19 6*4 Dec. 15 §10 8*4 Jan. 17 20*4 Jan. _10 81 Jan.t24 Jan. Jan. Oct. 2 Jna.Ill 3 *4 Jan. 86 20 11754 Feb. 10 15 19 Vi 5 9 5 The high note circulation was in some measure an economic truths, important 8*4 Jan. 44*4 Jan. 11 27 reality. essential 28 29 Sale assumption that the autarchic nations would join in making such a venture a success, the report rested more on hope on 19 Jan. 'ill Jan. 2*4 Sale Sale 50*4 Sale 14*4 Sale 38*4 Sale satisfactory basis. the possibility 117*4 Jan. Feb. 84*4 Jan. 11 21 May 17 _ June 29 50 3 29 4*4 10 2*4 10*8 16*4 13 *4 Sale Sale Sale Jan. 3o 38 13*4 25*4 113 16 r Cash sales, x Ex-dividend. Printing Ink Corp. page Sale Sale 13*4 23*4 Sale 57 6 Feb. 8 Dec. 113 31 41 21 Sale 14 4*4 45 9 Sale 57 4*4 Sale 6*4 Sale offered constructive plans of The Sale 19*4 11*4 12*4 39 10 5*4 Jan. 18^8 3 36 11 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 2*4 Jan. Sale 7 40*4 18. 15*4 Jan.. 120 5 6*4 18>4 74*4 6*4 39*4 18*4 9*4 82 18*4 Oct. 3 8 2*4 Jan. 2*4 Jan. 2*4 Sale 2 *4 5 7*4 7*4 19 Sale 80 105 1 *4 Jan. Sale 2 12 Deferred delivery, a (Continud from than 117*4 125 24 24*4 Sale 15*4 15*4 5*4 Sale 40*4 Sale 57 47 26 21 Jan. 9 35*41NOV. 24 254 ct. 19 20 115*4 Jan. 49*8 Jan. 117*4 Jan. 22 9 Oct. aO< 97 21 3*4 Jan. 10 Jan. 115*4 Sale 9*4 14* 14*4 27 Jan."22 Jan. Jan. Jan. 108 3*4 Sale 14 120 Sale Sale Sale 11 125 the request of the Governments of Great Britain and France of plans to restore international trade relations among the much Sale 3 Mar. Nov. 29 164 Oct. 20 108 4*4 Oct 254 Oct. Oct 58*4 3954 Oct Oct. 44*4 16 5*4 Jan. 32*4 Jan. 110*4 Jan. 3*4 Jan. 22*4 Jan. Jan. 136 169 Nov. 26 *4 *4 Jan. "11 42 32 Sale Zenith Radio Corp 7nnlte Products Corp 337,100 No par value, land's Jan. Youngstown Steel Door— d Change of name from International ence 40 108*4 130 .....10 (P W) 42 4*4 18 Jan. 188 3 19 101 24*4 Sale 23*4 Sale 99*4 Sale 110 39 105 "3| Jan. 11 150 9*4 Dec. 28 17 12 Jan. 18*4 Jan. Sale Oct. Oct. 1 46 14 1*4 Jan. i7 Jan.110 28; .31 97 26 Sale Sale 4*4 6*4 1*4 2*4 Second preferred.. .100 Western Pacific .......100 54 Sale 40*4 4*4 113 97 6 144 29 110 3 15 Co..10 100 Western Maryland..... Jan. id 3 19*4 Sale 112 6% preferred..........100 Sale 17 A* 3 10 97 105 Sale 120 West Penn Pow pref 7%..100 20 20*4 102 ..........100 *4 Jan. *4 Jan. 20*4 Jan. Sale A Jan. 34 Sale ^ 35 27 73 100 * preferred.........* Penn preferred Sale Sale Sale 2*4 1*4 Blsenlohr.........* Wells Fargo A 29 3*4 Sale 10*4 Sale 16*4 Sale 13*4 Sale 25 24*4 36 913,600 219,400 42,960 34,430 3,600 2,100 8,720 40,000 49.860 3,405,600 12,290 81,000 1,232.600 10.800 2,000 1,880 1,900 2,700 6 36 10* ....... "1:260 36 36 Webster 135 12 Sale t8* 10*4 33 — Waukesha Motor Co 28 Jan. 2*4 Sale 7*4 Sale 94 100*4 17*4 Sale Convertible preferred....* IWarren Bros. ....... 10 40*4 18*4 19* 41 • Bros Pictures Jan. 40 ' Sale 1154 Sale 48 Ward Baking class A Warner 47 53 18*4 Sale 74 72*4 Sale 47 *4 7% preferred 24 Sale Walker(H) Gooder Ac W Ltd.* Preferred................* Class B 13*4 Jan. 54*4 Jan. 2*4 Sale Preferred B............100 — Jan. 11 Sale Preferred A............100 Waldorf Co 38 10 26 Sale 100 Walworth 20 Jan. 4*4 Jan. 1 *4 Jan. 43 40 Jan. 13*4 10*4 Jan. 55 50 Jan. Sale 140 Jan. 126*4 Mar 48*4 Nov. 23 100*4 Oct. 19 114 Oct. 147 Apr. 2*4 Oct. 4*4 Jan. 114*4 118 57 49*4 Virginia Ry Co pref. 100 Vulcan Detlnnlng.......100 20 3 18*4 Sale Va Caro Chemical......... Jan. 4 Sale 15 Co..........5 27 20 155 Sale 32 97 7% 1st preferred....... 100 Jan. 11 20 5 Jan..10 4 126 Sale 1*4 Ys Co..... lt>2 25 Jan. 28 62*4 28 114*4 2 147*4 142 34*4 36*4 30 -100 Vanadium Corp of America.* 51*4 Jan. 104*4 Jan. 119 Jan. 152 Jan. Sale 4*4 Sale Sale 139 — Highest Sale f'r ces Sale , 156 50 A... Lowest Sale Price* Sale aV* 100 Highest Sale Prices "~4*4 40 Preferred Van Raalte 107 125 148 87 54 Lowest Sale 53*4 Sale 9*4 5 255,700 Wilcox Oil Ac Gas 103,800 Willys-Overland Motors....! 6% conv pref...—.—....10 37,000 1.254,800 Wilson A Co 86 cum preferred 140 33,700 1,600 22,600 10,100 43,300 2,600 15,500 50,200 13,900 119 -100 Preferred 933.800 64,800 121,000 69,200 65,800 2,400 5,700 7,100 Sale 116 1 Western Union Teleg 100 557,900 Westlnghouse Air Brake —* 800.200 Westlnghouse El & Mfg..50 7% 1st preferred ...__50 6,080 123,400 Weston El Instrument......* Class A * 1,910 65.100 Westvaco Chlorine Prod....* 34,000 5% preferred ........30 Wheel'g Ac Lake Brie Ry Co 980 5*4% conv pref........100 * 432,000 Wheeling Steel Corp.... Proferred .100 29,100 85 conv prior preferred * 3,200 6,400 White Dental Mfg Co (S S)_20 3,700 53*4 105*4 "7 H Sale ... 75 {Utilities Pow & Light V adsco Sales Corp 1937 Sale Prices Ask Ask Bid 4 807,400 41,400 27,300 96,900 * — 120 preferred. Universal Plct 1st oref 93,800 9,930 208,100 17,100 5,500 15,070 14,455 5,530 5.480 73,100 265,300 41,900 91,900 267.800 3,500 ' conr Universal-Cyclops Steel Universal Leai Tobacco— 302,900 8,720 135,500 135,300 11,200 1,647,100 205,500 19,600 38,000 431,000 9,100 2.614,300 8,380 583,900 26,500 125,300 95,900 134,900 2,700 5,300 1,400 51,300 9,400 1,200 3,500 12,500 \ $6 77 *4 Sale Bid 1 201,800 t Wabash 130 1 Ask Jan. 31 3 Jan. 1937 Bid 100 7.804,800 United States Steel.. 7% preferred......—..100 196,100 * 11,600 U S Tobacco 642,410 13,700 1,400 60 YEAR RANGE FOR Price Jan. 2 exchange Par Share* V PRICES IN JANUARY STOCKS n. y. stock 12 Months 1937 January ■ EXCHANGE-STOCKS N. Y. STOCK 10 to to which • , on i offer in the London market in January amounted £9,582,000 compared with £9,569,000 in December. (Continued on page 53) Dur- New York Curb Exchange MONTHLY AND YEARLY RECORD NEW YORK CURB EXCHANGE RANGE OF PRICES ON i! 1938 Stock Sales January 1937 Jan. 1 to Dec. 31 Shares 200 Shares 300 700 4,100 470 410 • Jan. 2 "£"400 500 600 6.300 450 Class A 25 160 3,550 "5",050 300 100 2,700 i* 65* 15* 145* "35* 295* 74% Sali* 4.400 100 850 Common class B 13 preferred $5,50 prior preferred 1,100 1,700 7,400 25* 55* Sale 3 5* 4% 1 684,800 200 2,360 54,600 156,800 7,400 15,425 1,500 9,900 100 150 '""500 16,500 5,000 35,200 800 3,800 1,300 1,800 1,700 1,900 90 8.100 17,200 50.90J 3,800 ......25 1 n 94*1 Amer Investment 10 v 7 22% com 1 2 Jan. 28 iJ* J2* 70 20 Jan. 11 Jan. Jan. 21 15* 145* 55* % Oct. Feb. Dec. 29 Oct. 18 10 3 26 155* Jan. 5* Jan. 13 Jan. Jan. 6 495* Jan. 5 47* 3 28 64 Jan. 4 Jan. 31 54 5* Jan. 5 25* Jan. 6 25* Jan. 6 26 105* Jan. 25* 15* 25* 1 25* 15* 165* 7 85* 135* Sale 765* Sale 105 85* Jan. Jan. 3 Jan. 28 105 Jan. 1 15* 155* Jan. 55* Jan. 25 745* Jan. 10 95* Jari. & 23 235* 16 57 65 585* 25* 41 26 30 Sale Sale 40 "65* "65* 2?* 3 3 125* Jan. 15* Jan. 10 235* 355* Sale 3 205* 115* Sale 21 39 Sale 27 Sale Sale 110 4 Sale 11 34 38 26 20 Jan. 19 48 Dec. 13 7r 17 5 Oct. 19 24* Apr. 13 85* 3 % 5* Jan. 251 235* Jan. 26 57 Jan. 5 2 5* Jan. 27 5* Jan. 215* Jan. 27 65 Sale 57 24 Jan. 28 28 Jan. 23 225* Jan. 25* Jan. 275* Jan. 26 31 265* 35* 275* 265* 15* 125* 275* Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15* Jan. Sale 15* 55 1 365* Appalachian Elec Power— 4,110 $7 preferred.. ........* 381.300 t A returns Radio Tube 1 432,300 Arkansas Nat Gas com. * 1,652,500 Class A * 175,500 Preferred..... 10 870 Arkansas P Ac L $7 pref * 45,500 Art Metal Works common 5 343,200 Ashland Oil Ac Refining Co.l Jan. 26 15* Jan. 115* Jan. 225* Jan. 28 12 5* Sale Sale 110 Jan. 4 Jan. 25* Dec. 29 5* Dec. 29 205* Dec. 23 26 61 15 5* 25* Sale 92 965* 8 78 13 35* 15* 35* 14 Sale Sale 45* 10 Sale 35 6 Sale 74 12 10 225* Oct. Sale 23,000 130,200 797,100 101,600 588,100 12,800 6,200 150 400 300 American deposit rects..£l Assoc Gas Ac Elec com ......1 Class A ..................1 Sale Sale Sale Sale 65* Sale $5 preferred...... Warrants .....* 13 25* Sale 4 Sale 335* Sale 11 Jan. 19 13 Jan. 15 8 Oct. 19 32 Jan. 5 37 Mar. 22 16 Jan. 26 14 Oct. Feb. 20 12 10 Oct. Jan. 28 23 Jan. 28 23 Oct. Jan. 28 23 Jan. 17 15 Oct. Jan. 12 795* Oct. 5* Oct. 19 19 21 19 19 38 26 185* Jan. 14 5* Jan. 6 115* Jan. 265* Jan. 12 19 5* Jan. "24 Jan. 3 1 c common Jan. 5 75* Jan. 55* Jan. 5* Jan. 26 22 10 Jan. 17 Jan. 14 35* Jan. 25* Jan. 10 65* Oct. 35* Dec. 11 Oct. 25* Oct. 85* Oct. Jan. 26 28 18 4 125* Jan. 35* Jan. 2 15* Jan. 3 Sale 105* 3 5* Jan. 31 4 Jan. 6 95* Jan. 28 12 Jan. 12 27 1035* Jan. 14 11 17 3 127,900 10,230 3,300 15 j 7,600 1,820 11,800 5,800' - RR Co Sale Sale Sale 65* 5*6 5*6 * 35* Sale 3 5* Sale 55* 6 65* 35* 4 8 28 28 5* Jan. 45* Jan. 45* Jan. 6 27 7 Jan. 71 Sale 6 Jan. 35* Jan. 35* Jan. "6 35* 65* 35* 105* % 115* Sale Jan. 3 6 Jan. 26 10K Sale 35* Jan. 26 105* Jan. 5* Jan. 3 6 5* Oct. 3 Dec. 75 Jan. 3 12 8 72 7 Jan. 18 Jan. 8 4 Jan. 4 115* Jan. 27 5* 15* 1 Sale 7 Sale 1 Sale 65* 75* 1005* Oct. 5* Dec. 25* Oct. 2 Oct. 45* 665* 45* 15* 35* 785* 45* 10 Dec. 22 14 28 19 99 Jan. Jan. 23 595* 45* 55* 85* 425* Jan. Jan. Jan. Feb. Feb. 14 14 11 26 8 6 19 19 19 3 Oct. Oct. Oct. Oct. 13 a 35* 105* Sale 35* Sale 5* 15* Sale Sale 12 5*' Sale 2 Sale 96 19 5 155* Feb. 85* Jan. 11 19 19 Jan. 8 3 1 65* Jan. 26 11 5*6 Jan. 5* Jan. 25 Oct. 19 55* Oct. '32 Oct. 19 5 17 Oct. 8 80 3 Jan. 31 Jan. 28 ""%"jan. 6 105* Jan. 5* Jan. 1 5* Jan. 28 45* Jan. 30, Jan. 3 20 87 % Sale % Sale 19 23 1 22 3 15*. Jan. 155* Jan. 5* Jan. 7 2 5* Jan. - Dec. June 5* Oct. 9 15 _ Sept. 25 Aug. 13 Oct. Oct. 7 16 8 8 125* Feb. 135* Feb. 105* Jan. 19 15* Jan. 85* Jan. 24 Sale 19 1105* Jan. 11 3 Feb. 19 82 70 3 Sale 28 20 265* Jan. 16 285* Jan. 4 545* Apr. 21 82 Mar. 18 25* Mar. 29 59 Jan. 11 25* Jan. 20 53 Apr. 7 105* Jan. 18 >32 Jan. 73 115* Sale 35* 5 22 19 19 Jan. 1 * 60 Atlantic Gas Light pref..100 260.900 Atlas Corp warrants........ 93,000 Atlas Plywood Corp........* 1 337,900 Austin Silver Mines 139,800 Automatic Products Corp.. Oct. , At Coast pref............100 Atlantic Coast Fisheries 19 65* Nov. 24 3 95* Nov. 20 5* Oct. 19 % Jan. Atlantic Coast Line Co....50 For footnotes see page 53. Oct. 25 Jan. Jan. Jan. Jan. .....* Assoc Tel Ac Tel class A 19 Dec. 29 34 73 28 Atlanta Birmingham 110 May H Sept. 11 Assoc Laundries of Amer...* V t 6 11 Feb. Sale ............. Mar. 42 1025* Jan. 5* 35* 35* 65* 71 "145* Sale" 125* 12 365* Feb. Associated Elec Industries— 3,400 32,200 5,500 4,100 18 1 14 5 19 155* - Feb. 24 19 28 73 5* Sale 65 13 35* 15* 3 5* 95* 4 45* Jan. 485* Jan. 26 1125* Jan. 19 Oct. Nov. 23 99 12 Jan. 95* 75* 15* 75 Sale 19 : 85* Sale 105* 65* 215* Oct. Jan. % "75* Sale' 19 Dec. 29 11 14 13 Aug. 16 Aug. 13 Oct. 30 1 1085* 15* % % 40 37 37 Jan. 27 22 24 13 12 Jan. 8 17 5* Oct. 1 Oct. *20 225* 82 Sale Jan. 19 Dec. 25 3 20 26 20 6 6 4 10 10 Feb. 895* Mar. 15 6 55* July Oct. 2 7 Mar. 10 15* Feb. 42 235* Oct. 27 225* Nov. 4 15 17 19 29 9 Jan. 26 Sale 15* Oct. Mar. 253 27; 23 105* 34 11 Dec. 29 Jan. 26 17 125* 22 a 7 21 22 Sale 3 Ill 5 28 20 245* Jan. 275* Jan. 165* Sale Sale 3 31 19 12 12 May 7 325* Jan. 12 10 131 Jan. 20 "85* Sale* 9 4 23 Sale 19 225* Mar. 20 105* Jan. 24 Sale Sale 24 140 51 125* 195* 63 5* 5* Sale 140 Apr. 22 Jan. 2 3 18 ..100 Preferred 22 22 3 245* 325* 125* 12 11 Jan. Jan. 27 Sale 125* Sale 225* 26 185* 23 65 73 5* Sale June Jan. 245* 275* 105* 26 32 —,-m Jan. 20 Sale .....25 4% preferred 15* 115* 23 5* 1105* 2 Oct. 19 5* Dec. 28 80 49 Dec. 29 87 55 Oct. 19 505* Oct. 19 77 125 Apr. 22 125 55* 25* Sept. 25 1 Dec. 22 55* 25* 5* Dec. 27 7 75* Jan. Sale 24 45* 245* 275* 105* 3451 4151 2851 255* 25 Amer Mfg Co common Sale Sale Sale May 1 Jan. 14 55 345 Jan. 13 15* Jan. 12 4 555* Nov. 95 Dec. 75* Oct. 5* Dec. 26 215* 25* Feb. 22 1 235* 22 \ 19 48 10 15* 51 985* 15* 3 1065* Jan. 4 28 95 8 45* 5* Jan. Jan. 675* Jan. 695* 95* 50 % 9 145* Jan. 86 15* Dec. 565* J&n* 245* Sept. i3 65* Mar. 38 May 19 19 5 Mar. 9 Jan. 15 24 Jan. 6 105* Dec. 21 5 Oct. 19 165* July 19 26 5* Feb. 19 125* Dec. 28 725* Nov. 23 -775* Mar. 18 105 Dec. 22 11954 Mar. 4 14 Oct. 19 175* Jan. 2 45* Oct. 19 145* Jan. 28 Jan. 155* Jan. 675* Sale 48 19 13 16 85 Sale 15* Jan. 74 Sale 155* 24 855* 11 Jan. 53 5* Jan. 98 95* 5* alt J* Jan. 48 Sale 90 J* Oct. 145* Jan. 155* 5* 455* 5 66 2 Dec. 28 16 Sale 3 63 5 45* 325* 85* 15* 24 13 Sale Sale 155* Sale Sale Sale ••• 1,200 9,000 3 14 48 10 105 ~175* Sale" 2# 957,200 American Maracalbo.. 1 39,800 American Meter Co ....* 8.700 Amer Pneumatic Service....* 7,110 Amer Potash St Chem Corp..* 46,500 Amer Republics Corp com 10 43,200 Amer Seal-Kap Corp com....2 1,347,400 American Superpower * 23,600 lit preferred... * 70,100 Preferred ....—._....* 27,700 Amer Thread prefer red..... 5 61,600 Anchor Post Fence com... * 89,000 Angostura Wupperman 1 32,200 Apex Elec Mfg Co common..* 80 4 65* Jan. % Jan.1 7 Jan. 40% 555* 525* 13 5i Sale 7/5* Sale 22% Sale (III) com..* Amer Light Ac Trac com Amer Laund Mich 31 Jan. 23 37 cl A.. 10 com Common class B 2 Sale 35* Jan. Sale S3H 27 10 Class A with warrants...25 306,000 Amer St Foreign Power warr 17.700 Amer Fork Ac Hoe Co com * 572,400 American Gas St Klec com...* 26,995 Preferred. • 140,100 American General Corp...10c 23.800 $2 preferred 1 2,300 $2.50 preferred.. .....1 20,200 Amer Hard Rubber Co com.50 25 2,400 .... Class B 615 Amer Cyanamld 40 28,300 3,300 1,100 29,100 1,800 5,300 2,000 22,756 Conv class A.. 35* 315* Sale Highest Sale Prices Lt Corp Amer Cities Power Ac 22,100 34,450 152,182 24 75* Sale 10c ...* 128,800 American Centrifugal Corp.l 28,700 195* Sale Lowest Sale Prices Sale 63 52 1 com ...... YEAR 1937 Sale Prices Sale 48 5* Capital Corp cl A..10c 26 000 400 RANGE FOR Jan. Jan. 16 19 Sale 107 123 31 '""566 whenselllng Highest Sale Prices Jan. 26 5 Ask 13 5* 153 141.200 Amer Box Board Co 10.900 Amer 16 V* 225* 55* Sale 125* 155* 19 195* 21 90.850 Aluminium Ltd * 14,850 4% preferred...........100 122,200 American Airlines Inc....10 29,300 Amer Beverage Corp 1 1,490 American Book Co.......100 200 only transactions of.the month, and Lowest Jan. 31 3 Ask Bid Bid Ask Bid Par 180.174 Aluminum Co common 33,900 6% preferred ...100 16,300 Aluminum Goods Mfg ._* 18,400 Aluminum Industries com. * 10,800 1,300 Jan. 1937 ..... 100 ,"■/ No account Is taken of such sales In computing the range for the year. PRICES IN JANUARY 23.400 Acme Wire Co ▼ t 4,200 Aero Supply Mfg class A....* 131,700 Class B * 17,700 Agfa Ansco Corp com 1 60,800 Aln«worth Mfg Corp com...5 71.000 Air Devices Corp common..! 49,300 Air Investors Inc common..* 11,100 Convertible preferred... * 47.600 Warrants 7,900 Ala Gt Sou RR ordinary 5# 6.780 Ala Power Co f7 pre*.......* 4,910 >6 preferred 10 Allegheny Steel 7% pref_.!00 11,400 Alles Ac Fisher Inc common.* 9,700 Alliance Investment com...* 2,700 Allied Internet Investing * 1,950 $3 conv preferred .....* 8,700 Allied Products Corp com..10 9,400 2,000 4,200 7.200 900 range, unless they are the 1936 823,050,000 ' Price NEW YORK CURB EXCHANGE STOCKS CrA-.'-ti 1937 SALES 12 Months 1937 In January $60,089,000 442,361,000 134,843,049 104,178,804 1937 1938 ' ' $27,010,000 NOTICE.—Deferred dell very, under the rule and cash sales, are disregarded In the month's outside of the regular monthly range are shown In a footnote In the month In which they ooour. AGGREGATE Bond Sales January 1936 1937 Jan. 1 to Dec. 31__ f " 19,529,347 4,174,779 Shares_ 7 19 19 4 19 Dec. 28 Dec. 28 15* Dec. 28 Jan. 16 11 135* Feb. 11 Jan. 7 55* Jan. 7 395* Jan. 7 7ii Jan 2 15* Feb. 1 5* May 10 7 Apr. 9 3 90 Sept. 135* Jan. 575* Mar. 88 May 4 Jan. 21 30 19 15 14 295* Mar. 18 35* Mar. 31 9 Feb. 16 42 YORK NEW AGGREGATE PRICES IN JANUARY SALES 12 Months January Shares 800 25 200 Bid Ask Bid 3 ... 37,650 1937 8 7 8% Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices 7 il* Jan. 28 7% Jan. 8 6X4 7% Lowest Sale Prices Jan. 31 Ask Bid 27 Jan. 20 2% Jan. 13 21 2% 1% Purchase warrants 13",890 610 1,925 Jan. 1937 STOCKS {Continued) Par 78,100 Auto Voting Machine com..* 49,300 Avery (B F) Sons Co 5 6% preferred w w 25 —\— 1,500 YEAR Jan. 2 CURB EXCHANGE 1937 Shires RANGE FOR Price NEW YOR In EXCHANGE CURB 8% Jan. 8% Jan. 21 15 6% Oct. 15 Jan. 8 19 Jan. Babcock & Wilcox Co...... Sale 83 Jan, t3 93 Jan. Sale 13% Jan, 26 15J Jan. Sale Sale 86 19 Oct. 11% Mar. 22 16% Aug. 16 2% Jan. Alton Fisher Tob class A-.10 136 % 19 6 Jan. 43 Jan. 16 19 156 Jan. 18 6 13% Dec. 16 11 60 Oct. Baldwin Locomotive— 1,100 22,700 9,400 4,000 167,000 42,500 43.400 542,600 14,800 44,400 3,400 1,000 4,600 3,300 29,000 300 24,200 500 300 2,100 5,500 6,100 26,300 121,000 116,500 1,958 2,600 3.100 80 60 50 650 9,700 5,200 1,000 7% preferred.... Purch warr Bardstown — Distillery Inc Barium Stainless 1 242.900 6,025 425 5,000 1,200 8,600 50 700 700 200 Sale Sale 6% Sale i% 2% 9% 7% Sale Sale Sale 6% 1% 2% 9% Jan. Jan. Jan. Jan. 28 26 27 6 Jan. 6 a 1% 4 h 17 Dec. Jan. 3% Jan. 31 Sale 2 Oct. 10 Janl 5 Oct. 15 Sept. 14 Aug. 31 10% Nov. Jan. 1 % 1% 7% 3% 4% 74% 2% Jan. 10 Jan. 8% Jan. Baumann 7% (L) Ac Co com....* 1st preferred—.. 100 $1.50 conv ....20 pref 6 8 12 16 6 Sale 122)4 Sale Sale Telep of Pa 6 % % pf_ .100 Benson & Hedges com......* Convertible 1% ~~3% Sale 3 6 116% 117% 4% 6 ll7% 119" 4% 6 preferred... common 214 Sale 1% Sale 14% 14% % Sale Sale 10 11 % Sale % Sale 10% 10% 20 Sale Sale 7% 7% "6% Sale 7% Sale" Bliss & LaughUn Inc com...5 Sale Sale Sale 10% 1% Sale 37 * 38 5% Sale 2% 3% 52 % 15 Ye 6~~ 1% 38% Sale 39% Sale 7 2% 16% 9 3% 17% 11% 6% Jan. 29 3 5 8 Oct. Oct. Dec. Oct. Dec. Oct. 21 114 Jan. 13% Jan. 3% Jan. Jan. 116 Jan. 3 28 3 9% Jan. 3 12 12 Jan. 11 Jan. 8 Jan. 12 "15% JanT"l4 1% Jan. % Jan. 10% Jan. 12 12 12 103 .t18 28 8% Jan. 3 Jan. Jan. 3 9% Jan. 21% Jan. 24 1% 37% 5% 2% 15% 10% lAt Jan. 31 4 Jan. 3 Jan. Jan. 28 6 Jan. 4 Jan. 5 Jan. 4 Jan. 31 11 7 4 ■ ' Oct. 1% Jan. 39% Jan. Jan. Mar. 158% Nov. 113% June 1 4 18 2 Sept. 23 Mar. 10 Dec. Dec. 30 Feb. 19 % Oct. Jan. 22 Dec Feb. 5 Oct. 8 3 July 12 Sept. 13 16 Sept. 9* Mar. it* 15* Feb. Oct. Oct. Oct. Feb. Oct. Aug. 13 1 % Oct. 19 34% Nov. 12 9% Jan. 2% Jan. 16% Jan. 10% Jan. % Jan. 4% Jan. 10 May 3 July 15 Oct. 2A Oct. 3 16 May 17 27% Aug. 3 30% Oct. 7% Jan. 68- 8* 3 4% Jan. 18 165 4 118 15% Jan. '14 % Jan. 31 J{t Jan. 2% Jan. 16 Feb. Feb. ll% Aug. Dec. 5 Mar. 15 1 % June 22% July 14 Jan. Sale Sale 2% ... 7 17 8% .... Bliss (E W) A Co common.. 6 164 Bell Telep Co of Canada.. 100 Bell 1% Sale 3% Jan. 23 1% Sale Beech Aircraft Corp com.. Bell Aircraft Corp common..1 Bellanca Aircraft common..1 6 24 5 14 Beaunlt Mills Inc common. 10 155,900 Blue Ridge Corp com.......] S3 opt conv pref.. 31,200 * 73.500 Blumenthal (S) Ac Co com...* 6,225 Bohack (HC)Co common...* 3,350 7% 1st preferred.......100 2b 7,800 Borne Scrymser Co 26.900 tBotany Consol Mills com...* 29,800 Bourjola Inc 125 IS 18 Sale 8 1 Steel Barlow & Seelig Mfg class A. 5 Bath Iron Works Corp—...1 225 Blauner's 20,350 3% 1 com 625,800 Berkey Ac Gay Furn Co 1 Purchase warrants........ 383,400 13,320 Bickford's Inc com.........* $2.50 Conv pref.... 2,575 14,500 BIrdaboro Steel Fdy fc Mach * "l~,706 15 ..—30 for com....... Baldwin Rubber Co Oct. 4 19 2% Dec. 30 11 Oct. 20 9 Oct. 18 % Dec. 3% Oct. 10 18 4% Jan. 48% Jan. 43% Jan. 11 Jan. 17 16 21 18 25 29 56% Jan. 19 Feb. 20 14 Jan. 6 7% Mar. 15 Bowman Blltmore Hotels- 200 36,700 7,800 24,300 126,600 43,100 58,600 550 900 5.000 2,800 16,600 Common................ 7% 1st pref. 2d Corp 18 % Sale ...1 4% 12 H 6 4,700 Aeronautical—... 1 460 140 100 17% Sale com Preferred..............100 7,500 Bright Star Elec class B—..* 1,800 94.600 600 104,300 23,320 500 300 Brill 7 Corp class A..... Class B 7% • preferred... .....100 10,500 Brillo Mfg Co common......' Class A...... .......* 1,150 Sale 214 Sale Sale 58 % 10 11% 2 Sale Sale 23 150,800 Bridgeport Machine 2 6% 4 300 Bridgeport Gas Light Co....* Brewster % 9% 2% 12% 7% 5% Jan. Jan. Jan. Jan. Jan. Jan. 33 23 9% Sale 85 11% 5% 4% 8% Sale Jan. Sale Sale Sale 22 8% 8% 8% Jan. fS i* 26% 9% 8% 31 5 19 29 28 13 Oct. Oct. 19 19 Apr. 7 10 7 Oct. 85 Dec. % 2% 1 % 16% x7 % Oct. Oct. Oct. Oct. Dec. May j6 % 6% 1% 10% 3 2 28 10% Jan. Jan. 28 85 Jan. 3 % Jan. 3% Jan. 1% Jan. 26 4 26 4 11 % 4% 2% 27% 8% Jan. Jan. Jan. Jan. Jan. 26 11 13 10 20 81 """% 19% 25 7% 7 11 33 Sale % % 3% Sale 1% 2 1% Jan. 10% Jan. % Jan. 3'% Jan. Oct. Dec. Dec. Nov. -31 7 ......... Brazilian Tr Lt & Pr ord...* Breeze % 28 100 preferred...........100 22 Jan. 7% Jan. 2% Jan. 32% Jan. 8 Jan. 6 7 4 30% Mar. 1 14% Mar. 29 5% Aug. 10 36% Jan. 21 21 % Jan. 22 108% Oct. 16 3% Feb. 5 16% Feb. 2 7% Feb. 18 77 Feb. 12% Mar. 31 2 1 Mar. 11 British-American Oil Co 100 6,200 400 600 600 10,900 1,200 100 25 T.666 2,200 100 2.800 1 20.900 1,350 125 Registered * British Amer Tobacco, Ltd— Amer dep rets ord bear. £1 Amer dep rets ord reg...£l British Celanese Ltd— Am dep rets ord reg—10s 80,400 12,900 4,100 Class B 850 9,600 300 4,900 300 32)4 32 2)4 23% 23)4 20 20 20% 20% 32% 33 H 26% 26% 27% 27% 2H 1% 1% Brown Forman Distillery $6 1 ..........* Jan. 20 20% Jan. 26% 26% 27% 26% 26% Jan. 26% Jan. 5 21 Jan. 5 19 Oct. 19 20% Jan. 26% Mar. 21 19% Oct. 22 25 Mar. 20 27 26% Jan. 26% Jan. 28 28 25% Dec. 25% Oct. 9 13 33 Jan. Feb. 18 32 2% Feb. 17 Feb. 25 28 1% 1 preferred Brown Rubber Co. com Sale 13 9% Sale 5 * 6 12 46 48 ___* Sept. 24 33 22 25 24% 106 2414 106% "~3% "4% 4 6% 1 4% 7)4 22% Sale 5 2% 3 .._* Cable Elec Prod v t c Nov. 27 Jan. 25 33 Jan. 25 33 23 Jan. 29 31 Jan. 10 5 Jan. 3 19 7% Jan. 12 22 44)4 Sale 11,950 Buckeye Pipe Line 50 42,700 Buff Nlag Ac East Pow pref.25 $5 1st preferred....... * 8,150 84,900 Bunker HU1 & Sullivan..2.50 3.500 Burco Inc common.........* $3 conv preferred... 1,125 r» 9,100 Warrants............... 28,800 Burma Corp, Amer dep rets 27,000 Burry Biscuit Corp 12 %c 42,000 21 21% 21% 20% 4 Oct. 19 Jan. 8 Oct. 28 * Bruce (E L) Co 200 Bruck Silk Mills Ltd 1,100 3,300 21)4 21% British Col Power class A..* 107,425 {Brown Co 6% pref.......100 1 78.725 Brown Fence & Wire com Class A preferred.........* 2,800 50 3",600 Coupon stock (bearer)....* 2% Sale 6% 2% 39 9 8 Sale 6 24 6% 22 8% May 25 Dec. 24 Jan. 8 20 3% 2% Jan. 3% Jan. 13 2 60 Oct. 3% Sale 7% 9 2% 8 36 37% 21% 21% 2% Jan. 4% Jan. 11 3 Oct. Oct. 3 36 2% Dec. 29 9 Jan. 35 26 39 22 Jan. 14 22 Sale 1% 2% 1% 3 % 1% 2% Sale 2 13% 1% 2% % Sale 2 3% Sale 21% Jan. 19 Jan. 6 Jan. 20 Jan. 20 100% Jan. 31 18 Jan. 4 10 90 9% Mar. 8 7 15% Feb. 9 28% Apr. 12 85 Oct Jan. 14 2 Jan. 3 3% Jan. 3% Jan. 15 12 12% Dec. Jan. Oct. 32 Aug. % Sent,. 2% Dec. % Jan. 25 Jan. Jan. 12 25 11 %s Jan. 31 5 Jan. 12 Sale 20 Jan. 6 5 22 23 21 Jan. 4 22% Jan. %, Sale 2 Mar. Jan. 5 26 51% Feb. 23 25% Mar. 4 4 106% Jan. 31% Aug. 11 1 % 3 June 12% Jan. 16 Apr. 22 5% Sept. 27 12* Oct. 13 6 70 10% Jan. Dec. 99 21% 39 8 38% Mar. Jan. Mar. Oct. Mar. 19 9 13 8 8 19 1 % Jan. 18 4% Oct. 5 20% Nov. 30 19% Dec. 24 5% Feb. 32% Feb 22% Jan. 8 19 18 % Oct. Cables Ac Wireless— 200 500 Am dep rets pref sh 8,000 £1 2,900 Calamba Sugar Estate Co.20 5 30 5% 31% 19 22 5 22 19% 414 21 20 5% 5% 250 Camden Fire Ins Assn.—F 1,100 Canada Cement Co common * 150 "i",665 100 10,500 100 25,600 100 800 8,500 80 50 22,400 2,500 1,700 100 9,100 200 600 90 150 700 10 380 2,900 4,625 Canadian Car Ac Fdy pref..25 100 Canadian Dredge Ac Dock * * 49,100 Can Indus Alcohol cl A B non-voting 5,300 ......* 1 452,700 Canadian Marconi Co 15,600 Capital City Products ...* 431,900 Carib Syndicate com 25c 1,800 Carman Ac Co conv A stk Class B 5,400 15,600 Carnation Co common 2,320 5,475 Sale 6% 1% Sale 16% 2% Sale .. 14 23% 27% 6% 7% 32% Sale 3% 3% 1% Sale 10% Sale 1% Sale {* 14% 3% 21 3% 20% Sale 3% 4% 3% 4% 1% Sale 7% 9% 1% Sale 15 Jan. 8 3% Jan. 26 1 4 Jan. 27 10% Jan. % Jan. 3 27 3% Jan. 4 1% 4% Jan. 3% Jan. 1 % Jan. 10% Jan. 1% Jan. 20 Mar. 4 Sale 28% 6% Sale Sale 78 11 Sale 17 23 25 Sale Jan. 1% Jan. 5 3 3% Jan. 20% Jan. 1% Jan. Sale 5% Sale 12% 13% 24% 2% Sale Jan. 31 26 85 80 24% Jan. 5% Jan. 31 32 ~9% Sale" 2% 2% 19 13 3 10 18 Jan. Jan. 4 10 6% Jan. 45 Mar. 12 8% 7% 3% 23 % 2% .lan. 25 Jan. 25 Jan. 9 May 4 Jan. 23 3% Oct. 2% Oct. 14 Oct. Oct. 6 % Oct. Oct. 26% July July Oct. 19* 78* Oct. 75 Sept. 23% *!* Oct. Oct. 3 21 6 Oct. 10 Oct. 8 28 June 3% Jan. 17 2 14 12 Jan. 28 82 3% Jan. 31 22 69 15% Jan. 25 1 27 28 Oct J&n 20 3% 102% 97% 67% 14% 38% 42% 10% Oct. Jan. 10% Jan. 24% Jan. 2% Jan. 5 4 6 Jan. 68 36% Sale 26 4 3 10 31% Feb. Apr. 15 20 75% Jan. 32 8 21 3% 5 19% 21 1% Sale 78 19 513,700 9,775 34,100 2,675 4,600 4% 10% Sale 3% Sale 67 1st preferred.. $7 dlv preferred _...._.* Cent Hudson G Ac E com * 620 Cent Maine Pow 7% pref 100 1,440 Cent N Y Pow 5% pref....100 396,200 T, 300 7% 1st partlc pref......100 Corp com.......15 Celluloid 30,300 3,300 14,900 150 7 14% Oct. Feb. Jan. 25 Jan. 20 June 6 Aug. 13 Feb. 10 Feb. 5 July 26 Jan. 22 Celanese Corp of A mar— 15,575 17,700 52,200 5,215 600 • 306,800 Carnegie Metals Co com 1 1,190 Carolina P Ac L $7 pref......* $6 preferred.. 1,030 .....* 526,300 Carrier Corp common ._.* 24,400 Carter (J W) Co common....1 37,850 Casco Products. 2,200 Castle (A M) Ac Co.........10 308,700 Catalln Corp of Amer.......1 25 1,475 • ..* Oct. 11 40 Cent Ohio Steel Prod... 1 Cent Pow Ac Lt 7% pref...100 Cent At Southwest Utll— Common Central 50c States Elec 7% preferred com 1 —100 6% pref without warr__100 Conv preferred 100 Conv pref opt ser 1929..100 144,200 Centrifugal Pipe Corp......* 18 17% Sale 10% 13 Sale 12 Sale Jan. 18% 85 19 87% 3% Sale 1% Sale 43 19% 23% 19% 5% 44% 20% 25 20% Sale 15% Sale 6% 78 1% % 13 5% 6% 4% 3% 89% Sale 80 2% Sale Sale Sale 12% 8% Sale 84% 85% 7 8 72 76 1% Sale Sale 11% 5% 7 14% Sale 12 5 3% Dec. 124 3 12 69 22 Oct. Dec. Dec. 105% 24 18 Jan. 31 Jan. 27 24 22% Jan. 12% Jan. 80% Jan. 84% Jan. 28 90 6% Jan. 77% Jan. Jan. Jan. Jan. Jan. 27 28 Jan. 21 9 21 1% % 12% 4% 9 24 6 15 11% Dec. 57 19 74 96 Oct. Jan. 7 3 8% Jan. 24 77% Jan. 12 24 74 2% Jan. 8 1 % Jan. 12 Jan. 14 7 6% Jan. 12 Oct. 19 2% Oct. 19 27 28 15 Jan. 8 4 69 5 Jan. 12 80% Jan. 89 Jan. 4% Jan. 82% Nov. 6% Dec. 3 4 6% Jan. 7% Jan. 20% Jan. 31 3 26 21 Jan. 5 8% Jan. 7% Jan. 18 22% Nov. Mar 17 Jan. Feb. 16 8 Dec. 31 Feb. 13 91% Apr. 1 6% Jan. 2% Jan. 22 Oct. 19 % Oct. 19 Oct. 19 52 Jan. 13 2% Oct. 2% Oct. 19 19 27% Jan. 33 % Jan 26% Jan. 14 3 3% Jan. 90 7 Mar. 17 Mar 19 7 14 14 13 Mar. 30 Chamberlln Metal Weather 700 100 150 10,000 Strip Co __5 10.500 Charts Corp com..........10 675 Cherry-Bur re 11 Corp com 5 For footnotes ... see page 53. \ 5% 6% 7% Sale 6% Sale 7% 8% Jan. 3 13 Dec. 28 6% Dec. 15% Dec. 16 28 5 19 May 4 16% Feb. 3 27% Sept. 27 '/ NEW FEB., 1938] SALES AGGREGATE January Shares Shares 95,000 10,100 3,114,300 Chesebrough Mfg 110% 113 t , Chicago Flexible Shaft Co. 5 Chicago Rivet & Machine...4 Chief Conaol Mining Co. I Chllda Co preferred.. 100 Cities Service common * 5,700 151,500 City Auto Stamping Co.....* 100 102 100 7lH Sal* Sale %» %» 31 28 55 68% 72% 105 43% Highest Sale Prices 2 Sale 37 Sale 3 4 30 38 71 79 33 Sale 28 39 28 1% 28% 2% 23% Sale Sale Sale 28 % Jan. / 1% Jan. 5 16% 1% 20 Sale "18"" % Sale 30% 4% 3% 1% 36% Sale 3% 1% 25 2 Jan. 26 22 12 10 12 3 18j July 21 %» Oct. 19 27% Dec. 29 2! 923 Feb. 11 Apr. 17 5% Jan. 16 1 % Oct 15 Oct. 46% 11 100 16,600 Ciinchfield Coal com 66,550 Club Aluminum Utensil com * 2,200 Cockshutt Plow Co Ltd....* 4 500 11,700 3,400 9,100 3,100 : 5,500 1,036.000 25 39% Jan. 3% Jan. 11 25 28 20 13 3 33 Jan. 3 28 Oct. Jan. 4% Jan. 3% Jan. 17% Jan. 27 35 Jan. 18 24 Nov. 22 3 6 Jan. 17 4 3% Jan. 25 30 2 Sale 1 32 Sale 32 1% 1% Colon Development Co Ltd.. 6% convertible preferred£l 25 27 Jan. 3 Jan. 4% Jan. 3% Jan. 1% Jan. 10 Jan. Jan. 2% Jan. 3% Jan. 4% 4 1% : 3 9 6 3 % 19,300 "lMOO 3% Sale 18 A warr Colt's Patent Fire Arms CAfgSff Columbia Gas & Elec Corp— 43.021 5% Conv preferred ..100 883,100 Columbia Oil & Gas corn....! 3% Sale 62 Sale 5 Jan. 1 % 24 Sale Sale 2% 5 Sale Sale 5% 54% 56 4 3 4% Sale 55% ■ 91 % Sale 9% Sale Sale 4 6 7 33% 5% 3% 1% Jan. Jan. Jan. Jan. 7 10 Jan. 6% Jan. 29 Jan. Jan. Jan. Jan. 10 5 7 5 Jan. 3 52 Jan. 27 3% 4% 7% 60% Jan. 26 60 3 76 19 9 Dec. 29 - Oct. 14 20 12 2, Oct. 19 10 3 Oct. 23 % Oct. 19 18 9 8% Dec. 6% Dec. 2 3 Sept.24 12 Oct. 15 2% Oct. 28 19 19 17 Jan. 4 Oct. 41 4 79% Feb; 10 15% Feb. 13 4% Feb. 13 40 Apr. 16 3% Mar. 2 10% Jan. 48% Jan. 16 Aug. 9 • Apr. 2% Mar. 25 12 10 2 16 Mar. 2 22 9% Feb. 8% 4% 24% 74% 4 Feb. 8 Feb. 8 Feb. 11 57 Apr. 6 Sept. 27 104% Jan. 2% Oct. 19 10% Jan. 14 8 20 3% Jan. 3 4% Jan. 7 25% Jan. 25 27% Jan. 8 i% Jan. 3 13 % Jan. 21% Jan. % Jan. % Jan. 28 Jan. 18 13 Oct. 19 64 Jan. 14 Jan. 3 21% Jan. 12 18 Oct. 18 34 Jan. 14 Sale June 14 29 625 C ilumblaPictures com.....* 26% IS ,% Jan. 8 6 58 30% Dec. 28 8 3 8 8 Jan. Feb. 19 20 Oct. 17 • Jan. 5% Jan. 60 Oct. Oct. 3% Sept. 18 2% Jan. 20 55 2% 3% ■s 143.700 Commonwealth Edison....35 475 4% 2% 1% 19 28 Cohn & Rosenberger com..* 90,500 180,050 Colorado Fuel & Iron 70,700 47% Sale 6% 18 Jan. Jan. Jan. Apr. 20 Mar. 5 19 3 Cleveland Bloc Ilium com...* Cleveland Tractor com.....* 200 Oct, Oct. 7 3,400 Clayton & Lambert Mfg Co..* 16,770 124,200 19 123 19 763 95% Oct.. 32 Jan. 25 33 "22A" 5 102% Jan. 3 46% Jan. 3 9% Jan. % Jan. 5 Jan. 28 38 2% Jan. 28 35 Sale Jan. 26 34 Sale 4% Jan. Jan. Jan. 9 28* 29*' Sale Sale Sale 32 Lowest Sale Prices 40 9 Sale 13 HiQhest Sale Prices 100 Sale 8 59 4% 59% 5% 600 200 1937 Lowest Ask 100 Sale 9 2,700 2,000 YEAR Sale Prices Jan. 31 Ask Bid Bid 40 4,400 City & Suburban Homes 10 7,500 Clark Controller Co ....1 493,300 Claude Neon Lights com 1 500 38,200 Ask Bid 3 Jan. 1937 Par 50 25 RANGE FOR Price 220,800 Preferred.... • 16,400 Preferred B............. * 1,780 Preferred BB._ ...... 4,300 Citiea Serv Pr ft Lt $4 pref..* 5,300 07 preferred... 700 30 * Jan. 2 STOCKS (Continued) 7,800 36.020 44,875 163,200 17,900 250 1,700 1,200 1,600 1,375 EXCHANGE PRICES IN JANUARY NEW YORK CURB EXCHANGE 12 Months 1937 In CURB TORK Sale 20% Oct. 19 39 Jan. 33 Aug. 25 Commonwealth & Sou Corp— 703,500 Warrants 12,193 Commonwealths Distribute. 1 10.525 Community PAL 1st pref..* 34,000 Sale ..... 200 950 IX % Sale X X IX Sale 61 % % 21% Sale % Sale Sale % 12% i. 18 28 % Sept. 29 %, Oct. 18 18 Xt Jan. 2% Jan. 8 25 Community Public Service— 1,200 2,000 11,750 33.700 900 17,900 Common ...25 Community Water Serv .....1 31% IX Sale 32% IX 19 % X 20% % 16% 12% 13% 12% 19 % Jan. 4 1 Jan. 14 % Oct, 18 12% Jan. 27 14 Jan. 20 8% Oct. 19 Jan. Jan. Jan. Jan. Jan. i 3 4% Jan. 15 31 59 Jan. 29 3 Jan. 29 3 Jan. Jan. Jan. Jan. 15 80 3% 81% 1 % 5% 6 80 2% Mar. 2 Corapo Shoe Machlnerv— V t c ext to 1946 ... 15X 17% Jan. 23 Conn Gas & Coke Secur Co 50 228,600 3,000 69,500 2,000 S3 52,400 Consolidated Biscuit Co 1,521,700 71,200 Conaol Copper Mines Con Gas B L A P Bait 5 370 760 Sale 82,000 33,253 Conaol Min & Smelt Ltd....5 3% 4% 9 88 Sale 81X Sale 3 Safe 54 Sale Sale 89% 64 v 68 4 4% 63% 4% Sale Sale % 59% Sale 60% 5% preferred A.........100 3,300 2,950 Consol Gas Util 74,500 Cona 2,600 30,000 1,600 11,500 4,390 16,200 725,800 3,375 34.500 166,450 3,025 24,000 250 300 6,900 ""300 120 Retail Stores Inc 8% preferred 1 com ..100 ... Consol Royalty Oil.. . .10 ... Consol Steel Corp common..* Cont'l G A B 7% pr pref. .100 Continental Oil of Mexico..! Cont Roll A Steel Fdy com..* 13,600 3,300 Cook Paint A Varnish Co * 300 150 66",900 446,300 Creole Petroleum com ......5 199,000 Crocker Wheeler Blec Mfg..* 1 746,400 Croft (The) Brewing Co Crown Cent Petrol (Md) 4,700 250 ""966 10 "4% Sale" 6% 87 175 500 8,900 2,200 2,400 4,300 14 11 % Jan. 8 Sale 6 Jan. 10 9 Jan. X „ 5 15 Jan. % 6% Sale 6% Sale 8 4% Sale 5% 20 22 1% 2% Sale Sale 60 1% 2 13% 5% Sale 1% Sale 2% Sale 65, 70 11 1 19 IX Sale 14% Sale 37 X Sale 12 Sale Sale Drug Preferred 25c common 1% 9% 75 Sale 10 X 23% 6% X 3% 4% 9% 1% % „ Sale Sale %« 3% 4% 11 Sale % 23% 1 Sale Sale 6 % 3% 4% 10% 1% Sale 4% 5 11% 1% 20 8 10 27 9% Jan. 12 Crystal Oil Ref Corp com...* 6% preferred... .10 Cuneo Press 135 3% 17% 102% 2% 26% Oct. Oct. Oct. Oct. 15 9 19 Mar. 27 Jan. 25 Mar. 16 Jan. 18 22 Jan. Jan. 22 Feb. 10 21% Jan. 23 61% Mar. 11 8% Dec. Oct. 17 Feb. 10 27 10 52] 18 = Jan. Jan. Jan. Jan. Jan. 3% Oct. 19 17% Nov. 22 19 4% Oct 35 Jan. 7% 22% 2% 3% 13 20 23 34 May 15 12 2 29 72 Jan. 11 63 1% Jan. Jan. 28 2% Jan. 13% Jan. 10 28 10 1% Oct. 19 10% Dec. 31 Mar. 16 5% July 6 28 July Jan. 12 12 Jan. 12 10% Nov. 23 14% Jan. Jan. Jan. Jan. Jan. 13 1 Jan. 13 27% Jan. 8% Jan. % Jan. 12 % Oct. 20% Oct. 10 com v t c_._* • com iH % preferred.. ....... 100 % 22% 5% % 3 27 3 3 29 29 4 Jan. 6 4% Jan. 6 3 Jan. 10 Oct. 1% Oct 12 Jan. 19 Oct IS Nov. 24 Jan. Jan. 7 12 12 18 94 % 5 3 Jan. 10% Jan. 1% Jan. Jan. Sale 2% Sale 14 16 50 50% 106% Sale 3% 26% 4% 32 3% 26% Sale 30 Jan. 25 3% Jan. 26 3 28 29% Jan. 26 Jan. 102 10% Jan. 3% Jan. 29% Jan. %, Sale X Sale 17% Sale 7 14 Sale 9% 15% 19% Sale 30 31 12% %# Sale Sale 7 9% 12% %# Jan. 1 % Mar. 12 16 Feb. 20 Dec. 29 5 Jan. 25 Feb. 11 3 2% Jan. 9 1 12 15 4* 3 % Jan. 3 8% Jan. 12% Jan. 10% Jan. 3 28 6 20 eg* 20 7 6% ™ 21 8 Jan. 18 Jan. 12 6 Jan. 26 40 Jk* X* 16 Jan. 28 2% Jan. Jan. 31 Oct. 19 13 Nov. 23 Dec. "3% 2% 6% Sept. 7 X» Aug. 25 6 6% Oct 7 9 Nov. 23 5 Oct Jan. Jan. 28 3% Jan. 55% Jan. 7 13 9% Jan. 10 16 20 *17 Sale 50 27 19 8% Sale 55% Sale 8 13% 1% 2% 2% 15% 9% 14 1% Sale Sale Sale . 8% 12% 1% 2% 2% 16% 9% 14% Sale 3% 3% Sale 8% 13% 1% 2% 2% 15% Jan. 27 Jan. 26 5 Jan. 5 Jan. 3 Jan. 3 Jan. 16 16% Jan. Jan. 40 Oct. 13 June 29 Jan. 10 9 9% 9 9% 9 6 50 9 50% Feb. 18 6 Feb. 16% Feb. 11 % Feb. 26 1« 19 19 18% Feb. 16 15% Jan. 21 28% Apr. 33 Apr 6 % July 1 4 Dec. 28 16 Nov. 17 87 2% Oct. 19 52% Nov. 4 Jan. 13 May 7 8% July 19 89 July 31 7% Dec. 29 19% May 6 Nov. 24 1% Oct. 19 20 Feb. 4 12 14 Jan. 8 2 Jan. 12 3% Jan. 3% Jan. 21% Jan. 2 Oct. Feb. 2 12 2 Dec. 29 10% Jan. 10 15 Oct. 19 64 16 19 18 8 28% July 10% Sept. 20 16 Nov. 19 9 Apr. 9 11 170 De Vilblss Co common..... 10 Preferred... .....10 9% " 5 28 15 %6 Dec. 15% Sale 70% Sale 5% 5% Feb. 8% Sept. 24 6 108% 21 7% Jan. 21 Oct. May ' 5 2% Sent. 24 7 29 Jan. 22 19 100 Jan. Jan. 15 8 7 20 29 26 11 38% v Aug. 14 19 Dec. 10 Curtis Mfg Co (Mo)...... 5 Cusi Mexicans Mining....50c 3 19 Oct. Jan. 8 103 14 16% Sept. 27 17 Jan. Feb. 4% Dec. 8% Oct. 12 15 17 18 V 1 1 % 3* 10 15 5 16 3 11 Jan. 5 1% Jan. Jan. % Jan. 17 ... Cuban Tobacco Mar. 10% Jan Dec. Oct. Oct. 4 22 9% Jan. 3 27 200 200 83% 1 % 2% 69% %e 7 28 100 Dec. 3 4 Jan. Oct. 48% Nov. 12 % Jan. 8% Jan. 7 .........25 . 2,035 Diamond Shoe Corp com....* 8,100 Distilled Liquors Corp.....5 50 % Jan 17 6% Jan. Jan. 4% Jan. 20 Jan. 1% Jan. 2% Jan. 65 Jan. 12 Crown Cork Internet cl A..* 1 26,400 Detroit Gasket A Mfg Co 6% preferred w w .20 18,100 71,300 Detroit Gray Iron Fdry com 1 1 36,700 Detroit Mich Stove Co 1 58,950 Detroit Paper Products.. * 59,000 Detroit Steel Products 1,400 7 90 Crown 153.650 Derby Oil A Ref com.......* 84 cum preferred.........* 4,850 4,300 Sale' 5 98,400 Darby Petrol Corp.........5 • 3,500 Ihivenoort Hosiery... • 113,600 Dayton Rubber Mfg.. Class A 35 12,370 400 Defiance Spark Plug com...* 20,500 Dejays Stores Inc common..1 3,570 Dennlson Mfg 7% pref....100 300 10 19 2,600 Crowley Mllner A Co com...* 4,100 80 Jan. 64% Jan. 1% Jan. 3% Jan. 75 Jan. 7% % Sale Am dep rets for ord stk reu Cramp (Wm) A Sons Ship A 6,400 Engine Bldg Corp......100 100 Sale 17 50 9,625 600 80 4% 17 115 31 11 11 % Mar. 31 89% Jan. 8 115 Dec. 8 4% Mar. 12 ..£1 100 300 70 12 17 Jan. Jan. 52 1 com ..... Courtaulds Ltd 900 3% 75 80 % 6% 20 12% 14,300 27,400 189,600 3,750 16,400 4,150 9,900 7,100 1,700 1,450 2,136,300 75 3 6% Jan. 70 4 19 X 31% Sale 165,100 Cosden Petroleum 5% preferred 13,600 13,200 1,200 50 98% ~99"" IX Sale 17% Sale 81% 1% 3% 3% 82% 1% Sale 3 Oct. 19% June 2% Oct. 3% Oct. 60 Oct 110 Oct. 84 preferred..............* , 400 400 "2"X "3" 57 3% 4% 63% 113% % Continental Secur common.* _ 400 6,800 9 51,900 Copper Range Co ....-• 8,600 Copperweld Steel com.....10 ..........5 600,800 < ,ord Corp 56,000 Corroon A Reynolds.... ...1 86 Conv pref A • 6,000 100 3,400 27,500 6,200 7,800 1,200 1,200 % Sale ...1 com 144,300 Cooper Bessemer Corp com. * 83 prior preferred........* 6,500 7,600 I: 22 X 1 com. 38 Oct. 1 33% Mar. 10 38 preferred..............* Consolidated Aircraft com..! 18 16 Jan. 8 9 Jan. 3% May 21 11 Feb. 35% Sept.29 10% Sept. 29 Apr. If 10% Jan. 8 30 Distillers Co Ltd— Am dep rets ord reg £1 4,700 25,100 Dlvco-Twln Truck Co com..l 3,650 Dobeckmun Co common....1 103,800 Dominion Steel A Coal B..25 5,300 100 30% 31% 26% 3 10 Sale" 27% 25% 3% 12% 25% Dec. 2% Oct. 18 19 13 13 Jan. Jan. 18 12 24 13 Jan. 24 10 Dec. 29 13% 14% 13% Jan. 28 15% Jan. 4 19 3 26% 3% 3 10 3% Jan. 29% 5% 22% 28% 17% 40 500 "l",906 1,250 14 75 Sept. 23 3 100 82 8,650 200 525 6 Nov. 12% 15 Sale ...100 new Douglas (W L) Shoe Co— 7% preferred...........100 2,720 * 3,061 Draper Corp 23.300 Driver Harris Co common..10 350 7% preferred ........100 1 136,600 Dubiller Cond Corp com 25,000 900 May 83 5%% pref 67 . 1,800 70,100 73,800 Duke Power Co.. .....100 Durham Hosiery cl B com...* Duro-Test see page 53. 29% 35 "3l" • 16% 15 20 14" "18" 16 19 .1% 64 61 15% 14 16 Jan. Jan. 18 Jan. 4 67 Jan. 12 16 Jan. 12 15 63 Jan. 22 16 Dec. 49% Dec. 20% Jan. 15 14 1% Jan. 11 Oct. Dec. 1% Oct. Oct. X Dec. 104 3% 68 1 3% 70 1% Corp common...1 Duval Texas Sulphur. .10 518,300 Bagle Plcher Lead Co 143,700 Eastern Gas A Fuel Assoc..* 6% preferred.. 100 47,000 4H% prior preferred 100 13,400 2,650 Eastern Malleable Iron Co.25 For footnotes 33 Jan. 58 100 Dominion Textile Co com...* 20 37,400 4,100 1,500 Oct. 15 120 1,800 3,700 10 400 Dominion Tar A Chem Co..* 1,400 "6% ""7% 22 Sale 6% Sale 1% o Sale % 6% 7% 1% Sale Sale 8% 2% Sale Sale 27 49 Sale 50% 9% 1% 65% 1% 6% Sale 10% 2% 27% 49% 7% Sale 3 29% 50 9% % 6 1% Jan. Jan. % Jan. 5% Jan. 7% Jan. 62 7 28 27 26 3 Jan. 3 52 % Jan. 6% Jan. 9% Jan, 27 7 4 31 3% Oct. 65 8% Jan. 2% Jan. Jan. 3 3 13% Jan. 3% Jan. 12 3 31 13 49% Jan. 8 Jan. 22 51 Jan. 10 18 11 Jan. 12 27 Jan. 11 7 2 Oct. Oct. Oct. 25% Dec. 48% Dec. 7 Dec. Jan. July Aug. Mar. Apr. Sept. Aug. 20 22 16 8 C 20 11 50 Apr. 16 96 Jan. 11 42% Jan. 23 111 May 7 6% Feb. 11 79 Feb. 5 1 % Mar. 9 7% Mar. 1 10% Jan. 13 27% Feb. 23 10% Jan. 19 71 Jan. 18 Jan. 18 26% Feb 25 80 NEW 44 January Shares 116,000 * 6.825 $7 preferred series A * 9,650 16 preferred series B * 85,450 Easy Washing Mach class B„* 6.200 Economy Groc Stores com..* 18,400 Edlsoo Bros Stores ........2 4,800 1,625 1,575 5,400 200 400 4,000 223,800 8,200 2,400 9,200 3,000 1,490 4,900 2,100 1,050 Ask Par 117,400 Blsler YEAR Sale Sale Sale ..... Lowest Sale Prices 1937 "3* Jan. 8 Jan. 29 26 Jan. 18 16 Jan. 6 24 Jan. 18 16 1% Jan. 27 1* Highest Sale Prices 1* Oct. 18 Oec. Dec. 28 28 6* 82* 82 * 13* Jan. Jan. Jan. Jan. Sale 12% 23 Jan. 11 Mar. 8 ............ Sale 10 * Sale Sale Sale 97 * 1 0% 55* 48% 3% 3* 29% 4% 1% 75 1% Sale 58* 51 4% 4 Sale 5 Sale 79% 3 Jan. 27 Jan. 18 13 3% 11% .1 com Highest Sale Prices 18 1% 1% 1% 80 Electric Bond Ac Share......5 Electric Lowest Ask 18 Sale 113,600 $6 preferred 43,200 IS preferred... 40,900 Electric Power Associates 1 60,700 Class A 12,210 Electric Pow & Lt 2d pf A...* 40,600 Option warrants 80,200 Electric Shareholdings com. 1 6,475 Conr pref with warr...* 4,590.700 Ask Bid Bid Sale Prices Jan. 31 3 Jan. 1937 STOCKS (Continued) Eastern States Corp com RANGE FOR Price Jan. 2 1937 Shares PRICES IN JANUARY NEW YORK' CURB EXCHANGE 12 Months EXCHANGE CURB SALES AGGREGATE In YORK Jan. 26 Jan. 19 3 Oct. 19 12* Nov. 23 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 14 11 27 28 28 28 Jan. 18 10 Janl jan. 13 12 Jan. 4 55* Jan. 14 4 Jan. 13 27 4 Jan. 13 47* Nov. 24 2* Oct. 19 1* Oct. 19 80 Sale Sale 12* 1* 6* 46* 40* 2* 2* Sale 25 Jan. 29 35 Jan. 14 22 Oct. 19 80 3* Jan. 1* Jan. 70* Jan. 28 26 29 Jan. 11 7 2* Oct. 1 * Oct. 19 19 14 Jan. 5* Jan. 27 Sale i4"' 12" 1* 7* Sale Sale Sale 45 49 41 2* 2* 25 3* Sale 1* 2 70 72* §a 5 15 18 18 Oct. 19 24 * Oct. Oct. 19 19 Oct. 19 4* Jan. 28* Jan. 87* Jan. 21 13 28 Feb. 10 11* Jan. 9* Jan. 13 13 58 * 50 75* Jan. 5 60 Oct. 20 6 Jan. 14 5 Oct. 13 Jan. 31 10 Oct. 21 20 1* Jan. 7 1* Oct. 13 Jan. Jan. 7 12 7* Jan. 98* Jan. 14 22 Electric Shovel Coal Co— 11,080 250 $4 participating pref.....* 14,000 Electrographic Corp 100 43,800 5,850 1,510 26,475 12,565 7.850 1,750 2,900 300 100 150 400 Electrol Inc ▼ J com 16 18* 1 t c 2,550 Eureka Pipe Line..........50 Jan. 31 1 Jan. Jan. 26 Feb. 6 Feb. 10 Mar. 29 Mar. 3 Jan. 13 20 Oct. 19 31* Jan. 10 32* Jan. 19 22* Oct. 19 60 Jan. 25 31 28 Jan. 27 37 12 24 Oct. 6 77 Mar. 32 27 Jan. Jan. 26 27 38 10 26 Oct. 6 81 Feb. 28 37 23 25 38 33 34 32 28 38* 36* Jan. Jan. Jan. Jan. 7 27 25* Oct. 26* Oct. 13 13 9% % 10 8«* * 10* 31 26 22 ... "35"" "27* "33* 28 4 24 22* 17* 5* 40* 36 27" Empire Dlst Elec 6% pref. 100 Empire G Ac F 7% pref 100 50 13 30 Elgin National Watch Co.. 15 25,600 6,800 25 "2",666 1% 1* 8% preferred. 100 6% preferred ........100 6* % preferred 100 1(8,750 Empire Pow Corp part stk..* 37,800 Emsco Derrick Ac Equip Co.5 766,200 Equity Corp common.. 10c 10,650 Esquire-Coronet...........! 200 lo"" Ii" 5* Sale 13 Sale 1 1* 36 30 Jan. 27 30 9 Jan. 26 10* Jan. % Jan. 12 13 Jan. 15 Oct. 19 31 Jan. 8 24* Oct. 19 Oct. 19 Nov. 5 Oct. 19 22 18* Sale 46* 48* 8% % 8% 28 9* Sale 11* 33 * Jan.. 9* Jan. 6 5 7 11 31 Jan. 8 % *6 6* 1Q Jan. Jan. Jan. Jan. 6 3 27 3 * Jan. * Jan.' 11* Jan. 13* Jan. 11 8 7 10 2* 6* 20* 4* 7* Jan. Jan. Jan. Jan. Jan. 26 3* 7* 20* 6* 8* Jan. Jan. Jan. Jan. Jan. 4 19 26 17 8 * Oct. 8 *1 19 19 4 19 72* Feb. 13 74 Feb. 31* 19* 2* 11* 47* Feb. 16 Mar. 11 Jan. 28 Dec. 8 Feb. 9 13 European Elec Co of Can— 85,500 Option warrants 793.800 Evans Wallower Lead * 32,850 7% preferred ..100 286,900 Ex-Cell-O Aircraft Ac Tool. 5,400 17,000 2,550 20,100 116,100 93,400 24,250 23,900 20,700 2,300 1,900 500 1,000 600 Fairchlld Aviation Falstaff Brewing 98,800 1,100 272,200 4,640 445,200 11,130 38.575 300,500 7,895 "5,400 420 14,600 250 1,600 8,700 200 162,200 8,400 6,100 100 1 ... Fanny Farmer Candy com._l Pan steel Metallurgical Corp* 1,100 Fldelto Brewery .........1 Fire Assoc of Phlla 10 Flsk Rubber Corp common. Preferred 100 Florida Power Ac Lt 87 pref..* Ford Motor of Canada cl A..* Class B * Ford Motor Co, Ltd, Amer dep rcts..Ord reg II Ford of France Am dep rets.. 41,000 Common 1 21,550 Conv pref 15 8,000 Fruehauf Trailer C0........I 100 500 840 Gamewell Co 86 110 19 7 Sale 8 Sale 3% 6% 3% 7 22* 12* 23 y 13 y 38 * 40 a 3* 2* 7 J* 21* 20* 5% 7% Sale 5 7* 7* 8 22 31 5 * Aug. 16 '20% 21% 17% 6 "~* ">8 Sale 55 54 11% Sale 5% Oct. 19 45* Mar. 11 7 Oct. 19 27* Mar. 10 62 Jan. 31 32 Jan. 19 * Jan . 27 23 Jan. 18 * Jan. 55 Jan. 5* Jan. "3 * 60* 7* 61* 41* 18* 18* Jan. Jan. .lan. Jan Jan. Jan. Jan 7 15 15 5* Jan. 13 5 60 6 6* 4 3 Jan. 8 36 Sale 32 36 34 Jan. 26 15* 15* Sale 16 17* 17* 17* 18* 1534 Jan. 16* Jan. 8 Sale 2% 10 10* 9* 10 5* 5* Sale 1* 2* 7* 8f " 3* 4 5* Jan. 18% 18* 6* 3* 53* 2* 9 4% 6* 14* 8* 7* Sale 9* 9% Sale 2 8* 19* Sale 18* 2 3 3% 23 23 * 18* 19% 20% 11* 3 17* Feb. 20 15* Mar. 20 7 • 10 9 19 41 Oct. 19 3* Oct. 19 47* 18* 1 * 82* 18* Oct. 19 92 21* Oct. 19 65 14 Oct. 19 Dec. 29 29* Feb. 11 31 * Jan. 23 16 19 Nov. 23 Jan. 26 2 Jan. 26 2* Oct. 14 7* Jan. 3* Jan. 25 7* Jan. 25 5 19 28 5 Jan. 17 3* Dec. 27 8* Jan. 14* Jan. 9* Jan. 9 17 15* 4 14 17 14 ' ' 17 2 Oct. Feb. Jan. Jan. Mar. Mar. Feb. 8* Feb. 5* Jan. jll* June 14 * Feb. 24 26 12 17 8 4 4 22 8 16 6* Dec. 27 14* Jan. 23 28 Jan. 7 21* July 24 98 3 8* Jan. 16* Jan. 14 5 11 Jan. 8 Oct. Dec. 19 8 Dec. 29 26 10 65* Oct. 1* Oct. 19 Mar. 6 10* Dec. 8 75* Dec. 15 6* Feb. 3 19 19 17 10* Oct. 13 19 25* Aug. 14 Jan. 13 87 Jan. 27 9 Jan. 27 753* Jan. 1 * Jan. 93* Feb.""6 15* Oct. 13* June * Oct. 50 86 8 * 75* 1* 2 25* Aug. 18 31 20* 16* Sale * Sale 23*2 25% 7% 2* Oct. 5 16* Oct. 4* Dec. 7* Dec. Sale 58 22 8* Feb. 11* Mar. 1* Oct. 193* 12* * 57 Sale 1 * Feb. 4 3* Feb. 23 5 32 * com 5% preferred...........100 172.200 General Alloys Co * 2,200 5 6% 580 60 21 20 *6 Sale 6* 8* 10* Sale * pref conv 1,600 Gattneau Power Co 200 Sale 9% Sale ..... ... 1,350 % 5% 10 Compress Ac W'house__25 Ferro Enamel Corp com. .1 Flat Amer dep rets ...— 8,900 Fox (Peter) Brewing Co 5 37,500 Franklin Rayon Corp com__l Froedtert Grain & Malting 100 1 22 Sale 20 Fedders Mfg Co common....5 Fed 10 3,000 1 com Sale 3 9* Jan. 79* Jan. 19 4 5 2* Jan. 18* Jan. 4 Jan. 3 19* Jan. 13* Jan. * Jan. 3 * Jan. 75 Jan. 16 8 3 General Elec Co of Great Brit 23,600 American dep receipts £1 93,150 Gen Flreprooflng com.....* 400 3,100 19* Sale 12 11 Oct. 23 Feb. 11 Gen Gas Ac Elec— 900 294,500 4,000 58,300 1,745 1.770 25,900 85,000 7,000 "700 9",600 20 70 500 3,000 $6 pref ser B........* conv 86 Preferred...... ....* Warrants * 83 .... 100 * Sale Sale 65 48 * *6 *32 s/ 65 48 *32 General Rayon A stock....* General Telephone Corp...20 83 preferred conv * ... .1* 21$ 22$ 11 1* 12 12 50 % 41 50 40* Jan. 5* 27 6* 29* 42* Jan. 1% Jan. 11 * Jan 7 7 27 - JS2 Jan. 5 70 Jan. 13 47 Jan. 14 50 8 5 13 132 Jan. 70 52% 1% _ 1* Sale v 1 * Jan. 7 10 4 Dec. 13 Oct. * 65 Sale Gen Outdoor Adv 6% pref. 100 General Pub Serv 86 pref * 64* Jan. 29 1* Mar. 8 Feb. 23 Jan. 56 Gen Investment Co com_...l 19 100 11 *« Jan. 18 '32 Oct. 5 96* Jan. 8 Nov. 37* Dec. 20 100* Mar. 8 19 1 Oct. 3* Feb. 16 19 22* Feb. 19 8* Oct 14 51* Jan. 45 Oct 6 75 14 Jan. 88 Jan. 1? 85 5* Jan. 19 4* Dec. 13 32* Sept. 27 Gen Tire Ac Rubber— ""475 3,040 6% preferred A ......100 1,300 Gen Water Gas Ac Elec com.. 1 1,100 83 preferred ..._..* 10,600 Georgia Power 86 pref * '"'366 85 preferred 33.235 Gilbert (A C) Co com.......* 30 100 32 2,930 Preferred. 2,400 Gilchrist Co 10 100 . * ....... 900 41 10% 44 » 2,000 70 6,100 , Gladding McBean Ac Co 214,500 Glen Alden Coat Co 21,640 Godchaux Sugars class A 74,510 Class B 1,160 87 preferred T8 IB 6 8* 42* 24 3 40 13 J 40) 7 6 • 29 14 43* Sale 5* 5% 28* 15 27 12 5* 33 12 60,400 1,100 3,900 250 3,925 850 2,700 V t c 6* 1 .Tan; Oct. Jan. 5 32 July 1 28 5 Oct. 19 6* Jan. 28 6* Jan. 6* Jan. 40 19 6 5 Jan. 26 Sale Sale 29 Jan. Jan. 5 12 90* Jan. * Jan. 14 5 24 35 Jan. 27 26 15 93 Jan. Jan. 27 26 Jan. 17 4 27 50 agreement extended.* Grand National Films Inc..l Grand Rapids Varnish Corp * Gray Tel Pay Station Oct. 10 5 Sale Con sol Mines.....1 28,900 Gorham Inc class Acorn... 3,670 83 preferred......... ....* 43.700 546,400 35,925 67,100 5,275 22,340 21,100 143,500 65 Jaiu Jan. 40 oS* Sale 2* 19* 3 Sale 2* 15* 2* 19 19 com.. 10 26* Sale 3* Sale 13* Sale 20 20* Gt Atl Ac Pac Tea 1st pref. 100 Non-voting common stock * Great Northern Paper Co..25 Greenfield Tap Ac Die com..* 114* 37* 9* Sale" 38* Sale 20 17 Sale 17 5/ * Sale 8 8 9* 5 43* 5* 119* 120* 121 46 Sale 47 30* 32* 28 5* 6 Sale 9 Sale 123 Oct. 19 20 19* Jan. 3 20* Dec. 31 20* Jan. 1* Jan. 9* Jan. 6* Jan. 5 13 15* Dec * Dec. 29 * 8* 4* 119* Jan. Jan. Jan. Jan. 6 26 29 7 121 Jan. 3 49* Jan. 49 45 30 28* Jan. 5* Jan. 27 2* Jan. * Jan. 37* Jan. 20 Jan. 5 6 7 12 26 15 Jan. 13 6* Jan. 11 33 16 Feb. 18 2 45* Feb. 12* Aug. 17 28 Feb. 15 Jan 4 12 Oct. 8 51 2 3 Jan. 17 Feb. 25 11* Apr. 15 36* Apr. 26 6 95* Jan. 55 Nov. 1 Feb. 26 9* Oct. 19 39* Feb. 19 Feb. 5 85 Sept. 24 107 Feb. 25 6 * Jan. 27* Dec. 2 2 27* Dec. Jan. 15 2* Dec. 14 Oct. 19* Jan. Gorham Mfg Co— 400 76" 19 107 7* Dec. 30 * • 25 Goodman Mfg Co.... 350 ~6* Sale .... 359,000 Goldfleld Jan. 6* Jan. Oct. 54* Nov. 9% 350 ll",700 12 19 66 125 • Jan. 5* Jan. 88 4* 28 19 Apr. 33* 4* 18* 22* 12 Aug. 17 Jan. 20 Jan. 28 Jan. 5 4* Dec. 29 Feb. 5 116* Oct. 19 128 45* Dec. 28 117* Jan. 14 47 Apr. 6 27 Oct. 19 4 Oct. 19 16* Apr. 23 Grocery Stores Prod— 1,900 800 36,000 53,100 Common 25c 27,400 Guardian Investors common 1 534,800 Gulf Oil Corp 25 20 A 37* 3* „ % Sale 74,100 7,900 25 900 2,500 8,700 200 15,900 250 200 46,300 77,800 32,300 41,800 58,900 7,100 555.800 22,300 6,400 4.700 """366 750 1,200 16,300 15.800 4,600 17,900 91.300 300 """500 9,400 4 Sal? 38 Hall (C M) Lamp Co Haloid Co • 5 For footnotes see HartmanTobaccocom.no par Harvard Brewing Co Hat Corp of Am cl B com Hazel tine _.l 1 13 5* 23 14* 6% 24* 66* 68* "I* "l% 2* 14 3 14* 16 Hearn Dept Stores common .5 6% preferred... 5 2* 9* Class A cum Sale 11 6 8* 10* 3* 6* 6* * w w 11 41* Jan. 15 2* 10* 3* 13 «3 12 Oct. 19 * Dec. 22 7 34 Sale 5* 8 7* 52 5 81 Jan. 5 Jan. 15 80 Jan. 15 2* Jan. 11 Jan. 3 10 Jan. 11 1* Jan. 7 Jan. 56* Sale 1 1* * 1 4* 4* 14* 15* 6 6* 58 26 30 1* 8* 3* 7 6* 35 Sale 4* 7* 8 39* "42" 6* 33* 7 37 6* 8 33* 38 "8% "ll"* ""S* ""§* 12* 13* 14 14* Jan. 1* Jan. 25 12 3* Jan. 11 Jan. 17 12 78* Nov. 19 67 Nov. 19 90 Dec. 21 17* Apr. 5 2* Oct. 19 7* Jan. Dec. 28 25 7 33 11 1 Jan. 11 «8M 12 10 1* Jan. 1* Jan. 58 10 1 Oct. 19 Sept. 27 Jan. 15 Dec. 27 Dec. 15 Oct. 18 24 Jan. 25 Jan. 26 Feb. 9 Jan. 15* Aug. 12 10* Jan. 28 70 22 Jan. 2* Nov. 22 3* Apr. 10 * Jan. 29 Jan. 11 19 4 Jan. 4* Jan. 15 Jan. 7 Jan. 18 3* Dec. 29 15 Feb. 27 Jan. 15 7 Oct. 5* Jan. Jan. Oct. 19 18* Feb. 15 17* Feb. 23 Dec. 28 28 igK 11 5 Jan. 10 30 Jan. 10 30 8* Jan. 3* Jan. 7* Jan. 26 10* Jan. 11 Jan. 8 27 27 7 7* Jan. 27 Jan. 20 20 Jan. 6* Jan. 28 8 Jan. 20 7 Jan. 26 37 Jan. 9* Jan. 13 Jan. 26 12 "12* Jan" "i0 14* Jan. 28 19 Oct. 19 Oct. 28 Dec. 240* 10 35 Oct. 5* Oct. 19 4* Oct. 28 6* Dec. 22 13 Nov. 29 52 Feb. 19 11 23 I 25* Mar. 11 9* Apr. 20 11 Apr. 5 10* Jan. 6 28* Jan. 11 16* May 22 47* Aug 12 9 45 Jund 22 8 Dec. 29 35 9 Oct. 19 13 28 36 "13* ~14 6 63 95 7 Jan. 20 Hires (Chas E) class A com..* Hoe (R) Ac Co class A 10 page 53. 8 Jan. 3 10 25 Hewitt Rubber Corp com...5 Heyden Chemical Co 10 Holllnger Consol G M 56 Sale 1 1* 1 1* 4* 4* 14* 15* 1* 19* Sale * pref 52 28 50 25c Heller (W E) Ac Co common..2 7% 14 Jan. 8 15* Corp.. Hecla Mining Co Helena Rubenstelnlnc.. 3 78 Handley Page Ltd— 400 Am dep rets part pref....8s 1,000 Hartford Electric Light.. 25 6,600 Hartford Rayon com v t c..l 3,000 2,200 2* ... 150 Hamilton Bridge Co com....* 900 2* 8l 1,950 Gypsum Lime Ac Alabastlne.* 400 2* 535 Gulf States Utll 86 pref.... 560 85.50 preferred 20 2,000 4* Sale * Sale 58* Sale Jan. Apr 15* Jan V FEB., 1938] AOORBQATE NEW Shares 200 3 Jan. 1937 Par Bid STOCKS {Continue.' Ask 20% Sale 8% 10 22,100 Holophane Co Inc common.* * 3,000 Holt (H) A Co class A 5% Lowest Highest Lowest Sale Prices Sale Prices Sale Prices Jan. 31 Ask Bid Bid 12 14% 9 Ask 12% -6% 15% 13% Jan. 27 14 Jan. 14 200 38,700 17,400 3,900 3% 23% 100 50 200 2,600 900 3,700 68,900 52,400 56,500 16,400 4,400 2,100 1,200 9% 25 Preferred Div arrear 32% Sale 78 Sale —— ctfs A...* Imperial Chem Indus Ltd— Am dep rets ord reg £1 Imperial Oil (Canada)......* Registered.. .....* Imperlal Tobacco Co of Can.8 Imp Tob of Gt Brit Ac Irel_.£l 4,900 267,900 22,100 22,100 14,900 10 52,700 Indiana Pipe Line 2,580 Indiana Serv Corp 6% pfd 100 1,540 7% preferred 100 2,050 Ind'polls P A L 6%% pf —100 12,400 1,100 900 1,900 1,300 10 50 125 4 4% 500 """125 3,150 800 300 3,600 16,500 18,500 100 3,300 , 12,100 16,800 12,700 8,150 64,800 29,900 83.700 148,400 26,800 3,325 199,400 361,600 4,000 81,200 12 10 12 200 400 6,200 300 7% 5,900 1,800 500 410 1,400 900 4,800 Jan. 10 11 Jan. 14 10% Dec. 28 16% Sept. 22 27% Jan. 66% Jan. 6% Jan. 11 21 10 15% Oct. 19 Nov. 24 Oct. 19 42 Sale 22% Jan. 3 Sale 60 Jan. 29 5% Jan. 6 % Jan. 3 Jan. 8 7% Jan. 8 4% Jan. 1% Jan. 27 Jan. 28 6 16 7% 7% 10 7 14% 5 2% 4% 2 % 3% 14 18 18 3 5 3% Jan. 3 Jan. 31 4% Jan. 10% Jan. 48% Jan. 4 27 14 Sale 4% 5 12 Sale 14% 38 86% v— 86% 89% 1% 1% Sale % 1 7% Sale 103% 105 96 1% i% % 1% 1% 1% Sale 7 5 Jan. Jan. Jan. Jan. Jan. Jan. 10 15 4% Jan. 12 Jan. Jan. 12 12 % 7% 7% 5% 2% 33% 17 6 13% Jan. 48% Jan. 12 8% Jan. 17% Jan. 17% Jan. 26 Jan. 26 6 Jan. 21 5 Jan. 21 26 18 Jan. 25 Jan. 28 Jan. 21 20 25 50 „ 150 3,800 8,500 30 10 1,000 1,700 700 110 80 17,700 7,800 1,200 200 '""966 200 2,100 64,000 4,900 9,600 17,100 600 94 35,200 1,300 200 1.700 A* 16 Sale 2% 32% Sale Sale c 57% Sale 19 20% 1% 1V 12 13 > 2 Sale Class B 34 Sale 28% Sale ""7% ""7% I 15 1% 1% 16% Sale • 29 3% 2% 29% 29% 3 Sale 30% Sale 7 5% 5w % % 7% 10 % Sale 8% .10 26% 30 Jan. 5 10 Jan. 21 84 1% Jan. 1% Jan. 10 3 1% Jan. 1% Jan. 27 20 1 1 27 Jan. Jan. 4 1% Jan. 20 12 Jan. 27 2 Jan. 28 28% Jan. 29% Jan. 2% Jan. 3 55 19 6 8% Jan. 61% Jan. Jan. 22 14 5 4 Jan. Jan. Jan. Jan. % 9% 8 % ,% 8 % Sale 26 30 3% Sale 3% 4% 26% 27% 34" "35% July 16 Feb. Feb. 15 3 12 10 5 11 12 9% Jan. 26 19% Sale lit Sale 24% 16% Sale 24 Sale 4 Sale 12% 14% Sale 9 c 14 Sale 10% Sale % Jan. 5 Jan. 11 13 3% Jan. %8 Jan . 13% Jan. 28 18 Jan. 3 6% Jan. % Jan. 15% Jan. 12% Jan. 9 . 6 ........ 800 Kobacher Stores Inc com.. 640 Lackawanna RR N J 223,600 Lake Shore Mines Ltd 92 98 % Jan. % 5 Sale 1% 2 5% Sale 2% 3% 93% 100 7% Sale 62% Sale 2% 3 32% Sale 2% 2% 31% Sale 3 2% Jan. 10 Jan. 18 71% Jan. 81% Jan. 2% Jan. 27 21% Sale 2% 2% 11 Jan. 18 ^ 15 15% 9 6 6% 9% Sale 8% 24% 26% 2% Sale 3% Sale 1 j 1% 15 15% 9 6] 7 6! 10% 24% 101 12 12% Sale UK ll 5 % Jan. 7% Jan. 3% Jan. 66 73 Jan. Jan. 85 3 Jan. Jan. 43% Jan. 13 108 27 7 Jan. 5 % Jan. 25 10 24 2% Sale 3% Sale 1% 1% Bat* 20* 35 33 33 26 Jan. 6 1% Sale 11 31% Jan. 31 21% Jan. 6% 17 Jan. 5 107 Sale 100 57 58 6% Sale 7% 7* 12 3 1% % 11% 5% B stock ""550 31,850 Lynch Corp com...........5 Majestic Radio A Tel Corp..l 1 30,600 Mangel Stores Corp com $5 conv preferred-.......* 1,590 * 3,900 Mapes Cons Mfg Co.... Jan. 27% Feb. 18% Jan. 2 29 11 11 % Oct. 31 Jan. 6 25% 2% 3% 1% Jan. Jan. Jan. Jan. 27 3 3 10 15 Jan. 25 14 Jan 18 17 5 63% Oct. 16 89 Jan. 11 10 72 Nov. 81 Nov. 22 100 Dec. 105 27 12 13 30 4 Oct. Dec. 24 18 30 Jan. 18 10 11 24 8 27% Nov. 16 1% Oct. 19 2% Oct. 19 % Feb. 23 14% Dec. 16 Oct. Sale 101 Jan. 11% 8% 12 Sale 12 Jan. 56% Sale 2% 51% Jan. 2% Jan. 85% Jan. 7% Jan. 98 2% 80 95 Sale 16% Sale % „ 18% 10% 16 6% Sale % 1 12% Sale 3% Sale %s Sale 16 16% 1% 1 13 12 Sale Sale 15 " 16 rl9% Sale 20% Sale 12% 12% 25 23% 27 2 2% 1% Sale Sale % Jan. 12% Jan. 3% Jan. %t Jan. 15 Jan. 19 Jan. 18% Jan. 10% Jan. 23% Jan. 1% Jan. 19 Jan. 8 6% Oct. 20 21% Feb. 26 102% Jan. 9 12 Jan. 4 11 Jan. 13 9 r 100 Oct. 10% Sept. 25 31 12 14 45% Oct. 1% Oct. 87% Dec. Oct. 6 11 3 14 56% Jan. 3% Jan. 85% Jan. 17 3 28 Jan. 15 12 8 4 Jan. 27 17 Jan. Jan. 26 3 3 20 Jan. 25 Jan. 27 25 3 4 12% Jan. 11 25 10 Jan. 8 18 2% Jan. 12 19 Oct. Jan. 14 Sale 11% Sale 5% Sale 87 78 90 Sale ,9* 14 9* Sale 1% 37% "39" 9% Sale 7% Sale 1% Sale 36 Sale 10% 8% Sale 7% 8 1% Sale 37% 39% 30 33 %% 1% a 9 c 8% 35 12 2% 8% Sale 36 8% 2% Sale % 8%~JanT 4 12* 13 7% Jan. 7% Jan. 1% Jan. 36% Jan. 32% Jan. 26 7 Jan. % % 4 Oct. 3 1 Oct. 42 Jan. 5 32 Dec. 7 34% Jan. 6 26 19 10 Dec. Oct. Dec. Apr. Dec. May 3 29 3 5% Oct. 8% Jan. 4 2% Jan. 9% Jan. % Jan. 13 % Jan. 13 35% Jan. 22 Jan. 10 26 1% Jan. 3% Jan. 12 % Oct. 12 2% Oct. 42% Oct. 2 5 4% Sale 8% 8% 82 21 35 37% 1 30 1% 3% 2% 34 Sale 3% Sale 23% 18 20% 19 20% 1% Jan. 5 Jan. 26 3 38 17 Feb. 26 Mar. 4 Feb. 2 Feb. 13 Nov. 23 Jan. 26 Jan. 22 Jan. 19 Feb. ' July Oct M> May 28 22% 18% 16% 14% 6% Oct. 28% 1% 6% 95 % % 2 5 10 12 15 9 6 8 24 Oct. Jan. Jan. Jan. Jan. 18 21% No Nov. 10% 10% 9% 1% 12% Jan. 21% Jan. 2 19 20 18 13% Jan. 16 2% Feb. 10 39 Aug. 18 22% June 13% 10% Apr. Feb. 13% Jan. 17% Jan. 26 Aug 20 1% Oct. 10 Mar. 1 Feb. 10 Feb. 9 Jan. 23 21 2S Oct. Oct. 2% Oct. % Sept. 13% Oct. 19% Dec. 12% Oct. 9% Dec. 21 88] 65] 8! 8! 1! 78% 59% 9% 110 10% Dec. 14 13% Jan. 28% Feb. 25 3% Jan. 22 19 111% Feb. 9 17 10 3% 4 17 18 10% Sale 19 10% Jan. 27 20 Jan. 2 114% Jan. 4 52 Mar. 17 12 Aug. 18 3% Jan. 4% Jan. 1% Jan. 15% Jan. 37% Jan. 30' 6 96% Jan. 22 5% Dec. 27 9% Dec. 13 % Dec. 20 6 6% Jan. 10% Jan. 5 7 7 9% Jan. 23 1% Oct. 19 27% Nov. 23 126% Mar. 9 Jan. 8 23% Oct. 13 30 28 Jan. 30 18% Feb. Jan. 1 % Jan. 19 19 21% Jan. 6% Jan. 11% Jan. 19 7 Nov. 20 2% Feb. 1 1 4% Oct. 1% Oct. 150 Ludlow Valve Mfg Co.......* 53. Mar. 11 12 75 Louisiana Pr A Lt $6 pref..* page f* July 12 42% Mar. 8 24% Jan. 13 Nov. 20 17 .......* 33,800 Lucky Tiger Combination. 10 see 11 15% Sept. 7 Aug. 31 % Feb. 13 Oct. Oct. Oct. Oct. * I 14,350 Le Tourneau (R G) Inc —* 2,975 Line Material Co.. * 529,000 Lion OH Refining 2,200 Llpton (Thos J) class A.....1 900 6% preferred..... 25 28,250 Lit Brothers com...........* For footnotes 26 38 % Oct. 2% Oct. 3% Dec. 45 52% Sale °A 2% Sale 100 * 10,400 Lefcourt Realty com.......1 Preferred • 18,300 505,700 Lehigh Coal A Nay * 1,156,000 Leonard Oil Development..35 ? 100,300 Feb. Oct. 76% Sale I Foundry A Machine. 1 540 Lane Bryant 7% pref % % 66 20 """500 800 Feb. Dec. '32 Sept. 14% Sale 10 Sale —1 57,500 Kreuger Brewing Co % %s * Koppers Company— 8,075 0% preferred...........100 4,800 Kress (S H) A Co spec pf..l0 1,075 1,100 17,600 200 15% May 17 21% Feb. 11 Oct. 25 17 Mar. 31 % Dec. 8 1 8% Apr. 19 Dec. 11 17 Mar. 38 103 Oct. 1 20 lire Superpower cl A * 5 123,100 Locke Steel Chain Co 521,600 Lockheed Aircraft .........1 .* 263,300 Lone Star Gas 287,300 Long Island Light cdfe....* 8,610 7% preferred ...100 6% preferred series B ..100 12,200 * 49,800 Loudon Packing Co com 494,000 Louisiana Land A Expl com.l 550 9 Sept 17 39% Mar. 3 % Oct. 28 dep rets 580 Kansas CAE 7% pref 100 20 Keith (Geo E) Co 7% pref.100 11,550 Kennedy's Inc.............5 45,100 Ken Rad Tube A Lamp cl a.* 1 16,600 Kingsbury Breweries com Kings County Lighting 1,490 7% preferred series B.. .100 1,450 5% preferred series D...100 440,750 Kingston Products.........! 1 261,100 Klrby Petroleum 1 31,400 Klrklaod Lake G M Ltd 3,100 Klein (D Emll) Co common..* 10 7,700 Klelnert (IB) Rubber .......1 16,700 Knott Corp com 50 Dec. Oct. Nov. Oct. Jan. Jan. 4% Jan. Jan. 28 2% Jan. 29 18% Mar. 19 44 Oct. 1% 23% 31% 2% 1 Jan. 14 13 1 2 4 6 31 28 Jan. Jan. 2 28 % Jan. 26 4* 4 75 8% Jan. Jan. 16 4 1% Dec. 9% Oct. % Oct. 7 26 Jan. 22 4 4 36 39% Jan. 105 Oct. 6 4 8 7 Mar. 17 Jan. 20 15 Oct. 10 27 7 3 2 15 18 Jan. 3% Jan. 3% Jan. 2 2 Mar. Mar. 46 6 9 8% Jan. 11% May 3 33% May 3 13% May 4 34 July 23 62% Jan. 30 15 12 4 0 Feb, 20 13 5% Jan. 21 53% Mar. 6 44% Jan. Dec. Nov. 26 8% Jan. % Jan. 6 2 3 2 24 % Oct. 5% Oct. 5% Jan. % Jan. 5 Feb. 27% Feb. 26 Apr. 15 1% Jan. 17%, Jan. 12 3% 30% 29% 3% Feb. 23 Feb. 9 12% July 17 23 Mar. 4 87 Feb. Feb. 350 Loblaw Groceterias A.......* 1,500 72,200 17,800 5,900 Oct. 26 Jan. 25 9% Mar. 24% Mar. Dec. Oct. Oct. Oct. Oct. Oct. Oct. Oct. 88 ®i2 Jan. 6% 0% Warrants.. La key 8% 14% 14% 12% 35% 5% 10% 10% Jan. Franschlni— Amer 288,600 Jacobs (F L) Co .1 .* 61,000 Jeannette Glass Co Jersey Central Pow Ac Lt Co— 3,500 534% preferred........100 2,530 6% preferred...........100 2,'680 7% preferred...........100 68,900 Jonas Ac Naumburg Cor p. 2.50 82,500 Jones A Laugh!In com....100 575 Julian A Kokenge com—.. * 223,000 19 Oct. Jan. Jan. Jan. Jan. ... Italian 19 8 3% Oct. 19 9% Dec. 14 50 Sept. 10 100 $1.75 preferred,..........* $3.50 prior preferred New warrants... 34,500 111,100 International Vitamin.....1 25,400 Interstate Home Equip com.l 17,600 Interstate Hosiery Mills... 12,170 Interstate Power $7 pref... 112,100 Investors Royalty Co 1 27,650 Iron FiremanMfgcomvtc.10 47,720 Irving Air Chute com.... ..1 92,500 22,300 2% Oct. Jan. Jan. 19 4% Nov. 12 1% Nov. 22 34% Dec. 31 14 6% preferred...........100 300 Langendorf Un Bak cl A 700 Class B 600 20% 28 * internet Products com 324.400 1,300 30 600 56 18 Registered.............. 53,050 International Radio Corp..l 12,200 Internet Safety Kasot cl B.* 19,600 (nternat Utll class A.......* 100 200 54 26" 2 25 2 Nov. 12 36% 6% 13% 11% 7% Jan. 74% Sale 3 Oct. 8 3 14 Dec. 27 Dec. 13 11 Internet Paper Ac Pow warr.. Internet Petroleum com.... * Isotta 6,000 1,300 1 54% 4% 13 % 6 Internet Metal Indus A 100 100 Invest.* Int Hydro-Elec 13.50 pref. .50 "A" stock pur warrants. 400 3", 166 Machinery..* Internet Holding Ac 9 July 27 41% Jan. 7 15 20 5% 12% % —100 preferred Dec. 30 112 Jan. Jan. 62 14% 37% 6% ....* Insur Co of North Amer—If Internet Cigar 18 Jan. 28 Mar. 10 24 10 17% 17%; 17% 13% 13% 37% 38 7 7% A.......* stock Feb 11] 19] 22] 100 24% 10% 17% Industrial Finance 11 C....1 800 ■■■;/, 7,600 Non-voting class Class B 6 2 15% Dec. 18 2% Oct. 19 18% Oct. 19 4 Indian Terr 111 um Oil Co— 300 v 18 June 21%"Jan. 27 21% Sale 48% Sale 225 Illuminating Shares Co 100 11% 22% Sale 65% Sale 5% 6% 12% 16 % Sale 6% 8 6% 12 4% Sale 1% Sale 10 * Illinois Zinc Co 5% Sale 3% Sale 14% Sale 5% 6 Co.....* 50 Illinois Iowa Power Oct. 98% Jan. 553,100 Hud Bay Mln Ac Smalt 243,300 Humble Oil A Refining... 37,800 Hummel-Ross Fibre Corp. 7,000 Hussman-Ligonier Co.... 18,498 tHuyler'a of Del com..... ..1 9,770 7% preferred stamped.. 100 200 7% pref unstamped.... 100 * 4,300 Hyriro-Elec Secur com.... 80,100 Hygrade Food Prod.. .... lis 10,650 Hygrade Sylvanla Corp... ""406 10 Sale Prices Jan 29 33J 16 2,100 Horn (A C) Co common.....! * 16,480 Horn Ac Hard art com 1,320 5% preferred —100 2,633 Hubbell (Harvey) Inc 5 30 1937 Highest 5% Oct. 9 300 Horder's Inc 650 H or me I (Geo A) & Co com...* 2,450 YEAR Jan. 2 1937 Shares RANGE FOR Price CURB EXCHANGE 12 Months January 45 EXCHANGE PRICES IN JANUARY SALES NEW YORK In CURB YORK June Jan. Feb. Jan. Jan. 93 80 18S 100 8 28 20 16 14 Mar. 6 Jan. 18 Jan. 16 Jan. 25 Feb. 9 Jan. 16 6H May 13 55% Aug. 20 Oct. 18 19 7 Nov. 24 5% Feb. 18 10% Jan. 23 82 Jan. 25% May 2 5 NEW aggregate In January Shares Shares 200 300 300 2,800 650 5,100 225 1,100 50 600 1,550 12,100 192,700 10,900 3,400 1,077,000 650 9,700 900 Master Electric Co 1 May Hosiery Mills— $4 preferred w w Ask Bid 9% Merchants & Mfrs class A...1 Bid 3 Common stock pur YEAR 1937 7 7% 24 5x 9 Sale 18% 18 Sale 15% a?* 18% 18% ix 0% 14 47 10% Sale 33% 34 116 121 6% 6 . * 100 warr'ts. 2% Sale 14% 56 2% 2% 10% Sale 99 Sale 95 4 Highest Los^kt Highest Sale Prices Sale Prices Sale Prices 4% ix 2x Sale 7 7% Jan. Jan. 4% Jan. 1% Jan. 6% Jan. 20 41 45 6H 16% 3% 6% 18% 6 % Sale 64 Sale Sale 2x 3 45 Sale 5 % Sale 27 3 16 14 Jan. 5 47 52 x 47% Jan. 25 2% 2% 10% Sale 90% 99 3% 4x 2X Jan. 10X Jan. 99 Jan. 3x *3" ox Dec. 27 Jan. 7 Dec. 13 1X Dec. 18 4% Oct. 19 Jan. 3 10 17 4 2% Jan. 26 7% Jan. 12 10% Jan. 21 13 Dec. 14 25 52 Nov. 11 92% Aug. 2% Oct. 7% Oct. 47% Jan. 3% Jan. Jan. 12 107% Jan. 4% Jan. 12 13 17 90 Jan. 55 Jan. 17 58 19 Jan. 20 16 3% Jan. 3% Jan 3 4% Jan 10 2x Jan. 4 4% Jan. 21 Jan. 8 Jan. 20 % Jan. % Jan. 4x 6 3 x Jan. 8 % Jan, x Jan. ix Jan. 6 7 14 Sale 1% 50 Aug. 12 Jan. 8 Apr. 17 53% Mar. 11 19 Oct. 13 1% Oct. 27 Oct. 19 X Oct. 1 Oct. 26% Oct. 16! 25j 44% Feb. 9 July 30 Nov. Dec. % Nov. Jan. 18 Mar. 10 Mar. 11 Jan. 18 Mar. 18 125 7 73 Oct. 3% Oct. 10 33 221 3! 55% May 11 98% Mar. 16 14% Feb. 5 2% Oct. 24 Sale 44 ix 6 7% Jan. 7% Jan. 20 17x Jan. 18 16 ""% Sale ix 6 3 4 14% 55 1 Mesabl Iron 12,000 Metal Textile Corp com....* 870 Part preferred...........* Lowest Ask Partlc pref.............. Merrltt Chapman Ac Scott. . OH % A pref RANGE FOR Sale Prices Jan. 31 Ask Bid m 17 * .... 193,400 McWIUlams Dredging com..* 13.610 Mead Johnson Be Co com....* 59,100 Memphis Nat Gas com ......5 175 Memphis P & L $7 pre! * 29,400 Mercantile Stores Co.......* 600 Jan. 1937 100 McColI-Frontenac 6% pre! 100 57,200 McCord Radiator Ac Mfg B..* "9" 655 350 200 PRICES IN JANUARY Jan. 2 STOCKS (Continued) Par Marconi Internat Marine— 35,250 EXCHANGE Price NEW YORK CURB EXCHANGE 4,600 Communication Am dep ret 19,000 MargajOII ' 48,400 Marlon Steam Shovel com..* 28,900 Mass Util Associates ▼ t c...l 243,160 Maasey Harris Co common..* 100 'T.I66 CURB SALES 12 Months 1937 2.900 YORK 19 9 18 19 25 7 Mar. 2 31% Jan 13 11% Jan. 28 . 80% Feb. 11 2% Jan. 25 2% Feb. 25 Jan. 26 37 Feb. 16 Metropolitan Edison Co— 600 600 13,300 6.500 500 10.600 300 <6 preferred..............* Mexico-Ohio OH Co........* 32,600 404,500 Michigan Bumper Corp.... 216,200 Michigan Gas Ac Oil Corp.. 28,000 Mich Steel Tube Prod....2.50 106,500 Michigan Sugar com.......* 8,700 3 % Sale 3 Sale 3 Sale 15 16] x Jan. 18 %'Jan. 3 4 Jan. 3 7 Jan. 27 % Jan. 6 3% Jan. 21 & iff. Sale 4 5% 8 .......10 Preferred.... 6 106 Dec. 23 4% Nov. 24 3% Oct. 19 11; Oct. 19 18] 1] Oct. 19 Nov. % Jan. 20 x Jan. 10 5% Jan. 14 8% Jan. x Jan. 3% Jan. 12 12 5 Jan. 5 % Jan. 8 Jan. Jan. Jan. 29 12 18 Mar. 2% Oct. 19 8 4 Feb. 10 Jan. 14 Jan. 18 2% Oct. 19 % Oct. 19 7 2 Feb. 17 Feb. 16 Oct. 20 M Middle States Petroleum—* 6^200 1,700 96,700 92,700 300 5,650 200 300 7,000 10,045 51,700 65,500 2,000 23.600 9,300 21 Class A vot trust ctfs K Sale Class B vot trust ctfs.....* Midland Oil Corp— S2conv pref..............* 4 Sale 9 Sale % Jan. 3 Jan. x 4 6 4 4% 13% 13% 4% Jan. 27 Jan. 14 16 13% Jan* 10 14 75 4% 73 Jan. 1% Jan. 29 3 80% Jan. 7 ix Jan. 7X Jan. 11 1 13 6% Oct. 5% 4 3 Jan. 10 9 Midland Steel Product— 1,300 3.000 400 500 400 10,000 14",155 400 600 590 650 450 65 3,600 103",656 3.800 300 150 2,100 1,200 Mid-West Abrasive Co....50c 22% 72 4 24 Sale Sale IV* 78 83 ix Sale 6x 7x 7% 10 10 Mid-West OH Co Midwest Piping A: Supply Co* Mining Corp of Can........* Minnesota Mln Ac Mfg Co.... * 190 Minnesota P Ac L 7% pref. 100 1,000 Miss River Power pref....100 300 Missouri Pub Serv common " """loo "l'M S3 non-cum dlr shares....* MldvaleCo........ * 39.610 Mock Judson Voehringer2.50 ix Sale 3 40 27 5 7 Sale 7 8x 2 24x 10 2X 26% Jan. 8x Jan. 22 Jan. 26 25% Jan. 28 7% 5 4% Sale 5% 12% 15 IX Sale m Jan. 4% Jan. 28 19 2 10 2 Sale 33 Sale 22 x 24 33 x 35 144 180 Sale 5 Sale 118 7X 9% 9 11 ix Sale 7% Sale 9% 10 Jan. 3,100 300 10,200 "Y.666 11 100 3,900 5,000 1,200 1,400 7x 20 5 10 Sale 4% Sale X Sale 8 Sale 7% 10 5% Sale 4 ox x Sale 3 10 Aug. 18 184 4 5 9% Jan. 13 13 Jan. 4 8 X Jan. 5 4 Jan. 24 12 % Jan. 28 Jan. 12 10 22 10 11% Jan. 8 7 7 Jan. 26 1 37 714 17% Nat Manufacture Ac Stores..* 8X 18 9 13% 2% Sale 8 14 ...4 34 % Sale 17 2% 19 Light— 32,800 AO preferred .......* 3,000 National Refining common 25 88% Sale 58 64 33 7 40 13 Sale 7x 36% Jan. 21 7% Jan. 7 13 Jan. 25 37 Apr. 8 Feb. 10 Jan. 28 8 May 20 Feb. l June Dec. 16 155% Feb 7% Dec. 29 28% Jan. 10 Dec. 15 Apr. 2 July 20 5 4 7 National Fuel Gas _........* Fen. 11 Jan. 19 Feb. 3 , 8 Jan. Jan. Jan. 3 3 3 May 28 Sept. 23 Jan. 11 Jan. 27 44 Jan. Oct. 19 Dec. 24 Oct. 19 Oct. 19 Dec. 27 Dec. 14 Dec. 24 Oct. 19 X Dec. 29 July 15 19 8% Oct. Jan. 3 35 8% Jan. 14% Jan. 17 11 12 Nov. 23 6% Oct. Oct. 19 19 19 23 Feb. 26 9% Oct. 80 14% May 24 3% Jan. 21 10% May 7 July 15 July 6 13% Aug. 1! 19% Jan. 25 7 13% Feb. 18 45 Jan. 11 Oct. 20% Jan. 10 Dec. 29 47 Sale 18 51 50% Jan. 29 63 Jan. 4% Jan. 11 Oct. 91% Jan 3 29 Nov. 1 Mar. 31 97% Mar. 30 2% Jan. 4 18 Jan. 31 2x 5 5 4 B* Sale 2 18 45% Aug. 12 Jan. Jan. 5 6 U* 2 4% Jan. x Jan. 9 National Container (Del)...l National OH Products Dec. 27 Oct. 20 91 18 % Apr. F 6 18 500 National Candy Co com....* National City Lines com 1 A3 conv preferred.. ...50 15,700 1,400 49,400 149.000 29,700 19.800 19 145 117% Jan. 31 121 7% Jan. 31 10 25 7 14 3 80 Oct. 19 25 Oct. 19 Nov. 12 Nov. 23 Nov. 24 157 Sept. 27 37 7 150 Muskogee Co common... * 20 6% preferred...........100 3.500 Nachman Sprlngfilled Corp.* 20,000 Nat Automatlve Fibres com.* 15,000 National Baking Co com.._l 608.400 Nat Bellas Hess com 1 5% Oct. 30% Jan. 21 Jan. ix jan. 5% Jan. 4X Jan. % Jan. Feb. Jan. Jan. Feb. Oct, 16% Feb. 3% Dec. Oct. Aug. 16 5 43 98 118 4 Dec. Oct. July 19 25% Jan. 145 6X 5 Jan. 2 # 1% Oct. 25 60 109 12 5% Jan. 5% Jan. 140 Jan. Jan. 22 ix 4% 22,900 Murray Ohio Mfg Co.......* 2,300 Muskegon Piston Ring. .2.50 27 Dec. Nov. 8 _ ix Sale Sale Jan. "janT"l7 Mar. 2 Mar. 31 4% Jan. 20 Mar 13 24 90 10% Oct. 53 Oct. 2X Jan. 21 1% Jan. 2 Jan. IX 2 5 Jan. 5 5% 131 Jan. 131 Sale 5% Sale 6% 24 107 "OX JanT" 4 ""§ 29% Jan. 22 30 145 , Jan. 2 27 2 10 26 10 Jan. Jan. 4 7x 27 9 104 3 6X Sale 13 X Sale 407,800 Molybdenum Corp...._....l 9% 9% 4,400 Monarch Mach Tool Co com.* 18,500 Monogram Pictures com ...1 20,200 Monroe Loan Society cl A. 3% 4 5,600 Montana Dakota Ut!lities..ll 16 18ft 10,060 Montgomery Ward Ac Co A. 152% Sale 12,200 Montreal Lt Ht Ac Pow com..* 3.825 Moody's Investors Part pref.* 37% Sale 2,050 Moore Corp Ltd............* 44 45 130 7% A pref 100 175 ..... 70,900 Moore (Tom) Distillery Co..l 6% 6% 1,600 Mtge Bank of Col Am She.. 160,500 Mountain City Copper Co..5c 173,200 Mountain Producers Corp. 10 700 ^Mountain States Pow com.* 500 Mountain Sts Tel Ac Tel.. 100 2 26 3 42 H 72 26 Jan. . Feb . 10 Nat Power Ac 1,650 300 5,400 3,000 200 350 1,200 225 1,600 13,800 3,300 900 " 10 2.000 """900 400 267,850 Nat Rubber Mach com......* 252,850 National Service Co ..1 36.600 Conv partlc preferred....* 1,050 National Steel Car Ltd.....* 55,000 National Sugar Refg... * 1,575 47,300 68,700 National Tea Co 5% % pref. 10 National Transit ..12.50 Nelson (Herman) Corp .....5 f2.400 Neptune Meter class A... ...* 0.200 Nestle Le Mur Go class A...* 2,290 Nevada Calif Elec com...100 900 1,600 6,550 2,300 7,900 165 1,100 650 600 70 730 5.100 200 140 New Bradford 011..........5 Sale "l8% 17 10 4 7 1% Jan. 20 35 Jan. 3 16% Jan. 26 Dec. 30 19 12% Feb. 23 Oct. Oct. 18% Jan. 7 14 19 13 X Afar. 16 7% Mar. 15 57% Jan. 11 28 Jan. 5 5 % J an. 9% Jan. Jan. 18 Oct. x Jan. 5 Oct. Jan. 4 Oct. Oct. June % Jan. 1% Jan. 37% Jan. 4% Jan. 8 9 5 Jan. 4 1% Jan. 6 3 % Jan. 11 13% Jan. 21 14 8 Sale 18& «* 11 33 37 38 4 8 Jan. 5 111 Jan. Jan. 7 44 Jan. 24 6 Jan. 12 6% Jan. 5 7% Jan. 10 6.150 1,620 52,700 120,470 77,300 79.200 5,300 6,800 6.900 11,925 23,300 1,310 2,390 16% 2 14 H 4 17 ox x Sale i* 6 '8 8 x 4% 5x 5 63 19,700 7,100 4x 5x 51 6% preferred...........100 New Haven Clock Co com...* New Jersey Zinc..........25 New Mexico Ac Aria Land 1 Newmont Mining Corp....l0 New Process Co common....* N Y Auction Co common...* NYC Omnibus warrants 98 100 22 "4% Sale" 130 Sale 25% 28 5% 10 "lx ~~ix 56 Sale '29H "30H N Y Merchandise Co com.. 10 N Y Pr Ac Lt A6 pref * ........100 97"" Sale" 7% preferred N Y Shipbuilding Co Founders shares.........! 24% Sale 9 9% 8 Sale 6% Sale 146,628 Niagara Share Corp class B 5 13% Sale 7% Sale 4% 19% 7x Sale 3% 10 see 2 7% page 53. Jan. 12 Jan. Jan. 6 14 72% Jan. 2% Jan. 15 5 72 11 26 62 4 102 29 10 1% Jan. 54% Jan. 31 Jan. 2 Jan. 12 12 "2 " JanT"l2 Sale 97 Jan. 26 Jan. 14 Jan. 5 Jan. 24 94% Jan. 12 Jan. 3 101 Jan. 12 7 4 15 7 Jan. Jan. Jan. Jan. 17 Sale 8 92 3 Jan. 25 3 19 27 27 61 Jan. 3 10 30 10 9% Jan. 24 4% Jan. 6 Jan. 5 8% Jan. 78 Jan. 10 19 66 Jan. 6 13 .. Janl". 4 ""j& JanT" ,% 5x Sale 1 ix 5x Sale 1 Jan. 15 1 Jan. 4 15 "W "2 H Salo 31% Sale 31% Sale 7% 9 8% ix 2x 2 4% Jan. 28 6% Jan. 11 89% Jan. 22 44% 89% Jan. 22 38% Jan. 17 31 Jan. 2 Jan. 29 10 Sale 13 58 98 Oct. 21 Nov. 23 53 41 2 Jan. 4 13 Nov. 10 Oct. 20 Nov. 4 8% Dec. 2 Nov. 23 1% Oct. 19 50% Nov. 23 20 8% Jan. 24% Jan. 8% Sale 4% 4 15 Jan. 97% Jan. 4% Jan. 60 Jan. Sale 33 9 Sale Class A preferred.......100 73.790 NUes-Bement-Pond com....* 1,300 Nineteen Hundred Corp B..1 133.100 Niplssing Mines 5 For footnotes 9 29 8 92 99 2 Sale 29 55 73% Jan. 20 ......... 450 ix 55 23 61X Sale ......... 100 55% 100 5% Sale 68 Sale 90 ix 6 .... N Y Ac Hond Rosarlo M....10 New York Transit 7% Sale Sale Oct. 1% Oct. 3% Oct. 22 8 Oct. Sept. 14 Apr. Feb. 16 5 2 Jan. 7 112 Feb. 25 59 Mar. 18 80 Apr. 8 19% Feb. 10 19% Jan. 21 2% Jan. 14 Oct. Dec. 4% Oct. 1 28 % Oct. 19% Sale "4% "4H Apr. 12 3 3 Oct. 3 6 19 7 9% Jan. May 10 '5X Sept. 7% Oct. x New England Pow Assn com.* New Engl Tel Ac Tel Co 11 19 Oct. 23 14% Dec. 31 25 Jan. Oct. 5 35 5 41% 18 5% Jan. 11 78% Nov. 13% 500 "3",7<X> 16% Jan. % Jan. 111 87 4,500 . 2 Sale "i"H Sale" 4 9,000 ix 2% 52 "T.756 14% 10% 5 75 35 2X Jan. 4 4 9 % Sale 10 H 5.965 N Y Water Serv 6% pref..l00 781,500 Niagara Hud Pow com.....10 21.150 5% 1st pref. 100 1,225 5% 2d preferred........l00 800 5% 2d pref B...........100 125.100 Class A warrants 15,600 Class B warrants 50.400 1,100 1% 4X 7% preferred..........100 7,400 1,875 220 Sale Sale" % Sale 3% 3% 52 56 27 % Sale National Tunnel Ac Mines..* 190,200 National Union Radio com..l 25.550 Navarro Oil Co .......* 8,500 Nebel (Oscar) Go com......* 510 Nebraska Power 7% pref..100 37,100 Nehl Corp com............* 250 1st preferred.............* 10,700 4 12% 19 23% Jan. 89% Jan. 12 15 6% Apr. 16 35 Mar. 6 88 Mar. 8 Mar. 4 30% Feb. 13 94% Mar. 10 140% 5 Jan. 5 Mar. 10 W fSS: I 19 19 18* 19 34 Fe";3i 26 Dec. 24 15% Mar. 6 86% Nov. 29 105% Jan. 14 96% Nov. 3 115% Mar. 31 Mar. 8 Feb. 16 23 4 Oct. 19 16% Feb 3 Feb. 1 69% Oct. 25 100 63 Dec. 10 79% Aug. 18 Feb. 2 98 Feb. 1 115 Feb. 24 % Dec. 24 Feb. Oct. 19 3 Feb. 10 Oct. 19 2% Oct. 23 3% Dec. 22 14% Dec. 17 V Jan. F Sept. 20 Oct. 19 Dec. 8 1% Sept. 24 98 62 15 Apr. 14 Aug. 80 Aug. 9 3% Feb. 3 AGGREGATE 3ALE3 January Shares 3,000 8,100 2,300 3,200 9,000 ' 50 200 2,900 6,800 , 190 220 10",600 600 1.000 1,400 475 175 1,000 70 100 9§0 9,800 1,800 75 10,200 (Continued) Par 1 1 Clan B Rayon c! A North European OH com Northern 8 n 3ft V* Sale 28 ft 16 34% a 9* Sale 7ft Oft Sale 6 23,850 $3 preferred.............50 2,280 6% preferred..........100 174.000 Oldetyme Distillers.........! 1st preferred.... 40 650 6,150 Pender (D) Grocery cl A....* Class B ♦ 24,800 5,200 Peninsula Telep Co com....* 250 7% preferred..........100 5,125 Penn Mex Fuel common.....! 783,600 Pennroad Corp com vte.. ...1 600 300 24,600 140 800 575 600 1,525 4,200 800 26 "4",555 16,400 450 5,200 200 16,100 3,300 400 Pa Edison Co 95 pref.......* 1,150 $2.80 preferred...........* 5,500 Pa Gao A Elec class A......* 2.335 Pa Pow A Lt 96 pref........* 16,055 $7 preferred Sale 36 107 ft 107 ft 109 ft Sale 108 28 3 28 lft Jan. 7 3ft Jan. 23 Sale 12fti 14 13 ft Sale 31ft Sale 5ft Sale Penn Traflc Co "8ft Jan. Jan. 13 Jan. 48 J1H Jan. 17 5 'ft. Jan. 10 Jan. 66 77 13 9ft Jan. ft Jan. 31ft Sale 28 ft Sale 18 12 ft May 6 14 7 19 41 Feb. 8 12 Jan. 26 21ft Jan. 28 13ft Jan. 24ft Jan. 11 13 ft Oct. 19 10ft Dec. 28 18ft Dec. 28 24 28ft Oct. 11 Jan. 4 Jan. Jan. 7 Jan. 8 89 Jan. Jan. Jan. Jan. Jan. 4 Jan. 10 03 106 84 Sale Sale 8ft Sale 23 24 43ft 44ft 3 Jan. 24 3 26 Jan. Jan. 20 Jan. 21 85 11 8 27 5 Jan. 11 Jan. 21ft Jan. 2 Jan. 6 Jan. 3 Jan. 26 3ft Jan. 7 6 Jan. 28 6 25ft 26ft 103ft Sale 27ft "4 ft "5" 17 29 18 18 Sale 16ft Sale 16ft ~"9ft Sale" 4ft 5ft • 36 40 19 23.200 Philadelphia Co com .* 950 Phils Elec 95 dlv preferred..* 850 Phila El Pow 8% pref 25 39,700 Phillips Packing Co........* 312.475 Phoenix Securities common. 1 Sale 17 26 ft 14 15 25ft Oct. 19 98ft Nov. 24 50 Jan. 5 58 Jan. 14 4ft Jan. 17ft Jan. 24ft Jan. 6 15 Jan. 27 5ft 17ft 29ft 19ft Jan. Jan. Jan. Jan. 13 7 25 5 Jan. Jan. 4 Jan. 6 7 22ft 3ft "26ft 5ft 7 4ft Jan. 15 7 10 6 Jan. 24 31 18ft Jan. 12 28 23 Jan. 10 24ft Jan. 26 14ft Jan. 15ft Jan. Jan. 22 Jan. 10 19 Jan. 4 Jan. 27 3ft Jan. 15 7 26 Jan. 13 15 16ft lft 3ft 2ft Sale 8ft 10ft lft 5 2ft Sale 8 2ft Jan. 26 2ft Jan." 8 11 79 86 ft 133 2ft 90 91ft 68 68 33ft "35" 140 145 144 2ft 4 72 Sale 66 82 Jan. 90ft Jan. 21 27 Jan. 11 149ft Jan. 21 72 64 Jan. Jan. 72ft Jan. 13 27 3ft Jan. 6ft Jan. 6 3 10 5 77 Jan. 7 4ft Jan. 7 ft Jan. 17 26" "29" 31 4 Sale "14ft "l6ft 10 Jan. 4 68 ft Sale 26 Jan. 86 138 3ft 4 6 7 ft 31 Jan.. 5 31 Jan. 12 5 820 400 8,100 1,400 1,800 "3",755 5,500 5,600 25 800 11,400 400 11,800 1,900 600 1,700 900 221.100 19,540 7,500 87.700 16,200 26,200 6ft 6 3 Pittsburgh Forgings Co....* Pitts A Lake Brie RR ...50 Oct. 20 Nov. 18 2ft Oct. 38 20 ft Sale 3ft 5ft Sale Sale 8 3ft 2ft 17 ft 11 1 2ft 5ft 3ft Jan. 2ft Jan. 5 2ft Sale 12ft 17ft Jan. lift Jan. 1 Jan. 24 6ft Jan. 17 15 24 3 21 28 6ft Jan. 31 9ft Jan. Jan. 29 Sale 7ft Jan. 27 Sale Jan. 82 lft Jan. 31 62 ft Jan. 7ft Jan. 90 Jan. lft Jan. 8ft Jan. 5ft 8 20 Jan. 17 ft Jan. lft Jan. 3ft Jan. Jan. 3 5ft 4 3ft Jan. 21 2ft Jan. 5ft Jan. Sale 6 27 27 3 5 15 11 7 Oct. 19 3ft Dec. 29 19 6ft Sale Sale 89ft 56 Pitts Metallurgical Co.....10 Sale 7 ft Pittsburgh Plate Glass com 25 125"" Pleasant Valley Wine Co....1 lft Plough, Inc 16ft 400 Pneumatic Scale Corp..... 10 52.500 Polaris Mining Co........25c 118.600 Potrero Sugar com .......5 3ft 184.400 Powdrell A Alexander com..5 11 4,050 Power Corp of Can com.....* 28ft 17.600 Pratt A Lambert .......* 174,700 Premier Gold Mining 1 4ft 12.100 Pressed Metals of Amer.....* 33 293.300 Producers Corp.. 1 ft 77,800 Prosperity Co B common...* 13ft 7,125 Providence Gas Co........ 50.300 Prudential Investors com * 12 ft 4,400 96 preferred... ........* 100 ...... 82 127ft 2 lft Sale 7ft 8ft 17 2ft Sale 1 4 lift 29ft Sale 3ft 4 13 14 ft 19 ft 22 2ft Sale 18 ft ft Sale 5ft 6ft Sale 34ft 15 56 7ft Jan. 10 3 2ft Jan. 21 ft Jan. 19 3ft Jan. 24 14 Jan. 26 19ft Jan. 28 lft Jan. 6 16ft Jan. 28 14ft Sale 104 5ft 83 5ft 6 98 92 6 97 Oct. 27 28 Jan. 26 25 18 Dec. 28 6ft Dec. 28 3 June Ill Oct. 2 Oct. 6ft Oct. 19 Dec. 16 19 1 2ft Oct. 4ft Oct. Nov. 5ft Nov. 20 52 ft Nov. 24 6ft Oct. 19 77 Nov. 20 lft Nov. 29 7 Dec. 6 6 Feb. 2ft Oct. 19 7 19 Oct. 19 lft Oct. 19 7 9 13 Apr. 28 Feb. mP 89 Jan. Jan. 16 2 28 22 8ft Jan. 14 24 ft Jan. 5 54ft Mar. 11 26 ft Sept. 30 JB Jan. 2 Feb. 19 Jan. 18 30ft July 53 Feb. 7 30 3 Feb. 17 12ft Feb. 17 Mar. 13 43 iT S8 Apr. 1 Mar. 13 Feb. 3 15 Apr. 21 Feb. 1 8ft July 17 20 Apr. 21 19 30 19 7 lft Feb. Jan. 8 19 2ft Oct. 17ft Dec. 19 22 Jan. 19 22 Oct. 7 0 Jan. 15 Feb. 2 Mar. 31 Feb. 9 Mar. 2 40 Mar. 2 33 ft Feb. 23 Feb. 1 Jan. 6 Jan. 22 3 Oct. 4 4 Feb. 24 Feb. 9 July 12 Feb. 95 Oct. 18 58 ft Nov. 24 151 25 Oct. 13 37 Oct. 17 Jan. Feb. 10ft Aug. 12 Sept. 13 2 62 26 10 3 8 15 Feb. 11 Mar. 8 Mar. 10 49 ft Nov. 15 72 42 ft Mar. 28 Oct. 22 6 9ft Sept. 25 17ft Jan. 15 Jan. 19 79ft Oct. 19 112 Jan. 86 Oct. 18 113 7 June 115 Oct. 19 179 7 24ft Nov. 23 24 ft Nov. 23 12 29 5ft Jan. Jan. 6 20 8 3ft Nov. 24 2ft Oct. 19 21 29 103 ft Jan. 7 5ft Jan. 14 21 ft Jan. 97 21ft Jan. 12 14 2ft Jan. Jan. *A* Jan. 6ft Jan. 7ft Jan. 6ft Jan. 98 Jan. 7 Sale 3ft Jan. lft Jan. 4ft Jan. 14 Jan. 12 Mar. 32 ft Feb. 19 Oct. 14 ft Dec. 28 14 ft Oct. 19 2 21 Dec. 20 Oct. 19 39 19 ft 88 19 14 ft Oct. 19 24 ft Dec. 28 *15 Oct. 19 30 475 Pitts Bessemer ALE RR...50 "4", 255 4ft Dec. 28 10 7 21 III" Sale' Pines Winterfront C0......I 1 4ft 15ft Sale "§5" 6ft 37 Pitney Bowes Postage Meter* 15ft 5ft Sale 3ft 4 30ft Jan. 27ft Jan. 27 105ft Jan. 109 ft May Conv preferred A 10 Pierce Governor Co com....* Pioneer Gold Mines Ltd 17ft 21 3ft 28ft Pepperell Mfg Co.........100 Perfect Circle com.........* 15 28 3 Jan. Jan. 21 16ft 2.50 Pa Water A Power...... 5ft Sale 4ft 5ft 6 26 106 19 6 10 7 Nov. 22 2ft Oct. 19 10ft Oct. lft Oct. 14 28ft Jan. 27ft Jan. 102 51 5 67 Nov. 13 110 Jan. Nov. 19 111ft Jan. 91 17 Jan. Jan. 5 7 2ft 27ft 19 23 37 Feb. 10 35ft Jan. 18 6ft Jan. ,02ft June 24 112 96 Dec. 28 111ft 90 Sept. 24 104ft 9ft Oct. 19 14ft 6ft Oct. 19 14ft 19ft Oct. 19 32 ft Jan. 12 2 Sale Oct. Jan. 1 91 30 Nov. 26 103 ft Feb. 14ft Jan. 3ft Sale 21 23 11 72 5ft 28 ft June 10 Jan. 30 12 Jan. 6. ft Jan. 96 ft Jan. 8 31 91 4 15 4 18 108ft 110ft 94ft *88ft 9ft 9ft 9 Sale 51 Jan. 96 Sale 85 lift Jan.. 2 7ft Jan 13 Jan. 13 51 Aug. 2 50 Apr. 14 77 Jan. 3 3 ft ' 17ft Dec. 28 28 14 ft Oct. 13 3ft Oct. 19 ft Oct. 1 63 ft Dec. 28 Sale 2!* 19 19 23 18 ft Dec. 47 ft Oct. u 9ft Oct. 5ft Oct. Jan. ' 3 2ft Oct. lft Oct. 37 25 109 8ft 10 8ft Sale 21ft Sale 70 87 ft 2ft Sale 3 Highest Sale Prices 21ft 90 ft 92 108ft 109 21,500 Pharis Tire A Rubber Co...l 14,00u 21,200 18,100 214.900 99,000 24 2ly* Jan. Jan. 6ft "If" "12ft "lift Sale 20 6 Sale 8.725 Pennsylvania Salt Mfg.....50 100 Pennsylvania Sugar Co 20 2,500 22,100 29,850 4,100 5 12 Jan. 970 Patchogue Plymouth Mills..* 200 160 1 ft Jan. 37ft Jan. » 3,000 1,100 8,900 27 20* Jan. 64* Lowest Sale Prices 4ft Jan. 12 28 19 10ft Sale 6% 1st pref............100 113.600 Oklahoma Nut Gas com....15 27 47 Sale Sale 32 35 6,000 Ollstocks Ltd common......5 3ft Jan. lft Jan. 35* Jan. AH Sale t Northern Tex fit 6% pref.100 .......* 48.950 Pacific Tin special stock....* 45,700 Pan Amer Airways com.....5 1.919.000 Pan tepee OH of Venesuela..l 10.200 Paramount Motors Corp 1 3,375 Parker Pen Co 10 51,210 Parkersburg Rig A Reel Co.l 124,100 1937 Sale Prices Highest Sale Prices 71ft Jan. 37 14.975 Ohio Brass class B 3,350 Ohio Edison $6 preferred * 20.070 Ohio Oil 6% pref 100 5,170 Ohio Power 6% preferred. 100 850 Ohio Pub Serr 7% 1st pref 100 4.000 3ft lft 38 Pipe Line.......10 4,100 Pacific Can Co common....* 78.250 Pacific G A E 6% 1st pref..25 7,400 5ft % 1st preferred 25 4,650 Pacific Ltg Corp 96 pref.... * 770 Pacific P A L 7% prof.....100 20,300 Pacific Public Service......* 100 Ask a 20 Nor States Power com A-.100 17,875 Overseas Securities Co..... .* 1,600 3ft Sale 1 ft Sale 20ft Sale 40 48^ ft IK 1 Lowest Jan. 31 7% preferred...........100 200 459 60 3 Ask Bid Bid Norlnd Pub Ser6% pref.,100 ""655 200 ft Sale 5 800 Oliver United Filters B 3,600 3 preferred......50 42.600 Northwest Engineering---. 30,800 Noradel Agene Corp....... 240 11H Sale .__* common 6% prior Ask Bid * • 16 preferred 14.900 Nor Amer Util Sec com 14.400 North Cent Texaa Oil 646,900 4,160 1,760 28,000 149,320 15,400 Jan. 1937 STOCKS 96.800 North Amer 42,200 1,470 YEAR Jan. 2 113.000 Noma Elec Corp com 348,100 Nor Amei Lt A Pow com 44 820 RANGE FOR Price CURB EXCHANGE 12 Months 1937 Shares 47 EXCHANGE PRICES IN JANUARY NEW YORK In CURB YOEK NEW FEB., 1938] lllH 4*8 147ft Feb. 4 Mar. 17 June 7 Feb. Jan. 4 11 Apr. 21 Feb. 9 6ft July 26 4ft Jan. 6 3 12ft Feb. 33 ft Feb. 11 41 Jan. 30 2 4ft Jan. if Feb. 13 Jan. 25 Mar. 11 lift Jan. 14 7ft Dec. 21 5 Dec. 28 14ft Jan. 25 Jan. 8 98 Sept. 20 103 16 Oct. 19 ft Oct. 18 5 Dec. 24 S5% 17ft Public Service of Colorado— 10 1,100 480 330 200 13.910 Public Serv of Ind pr pref..* 13.255 $6 preferred..............* 1,900 Public Service of Nor 111....* 350 2,075 375 Com 960 par stock.....60 6% preferred..........100 7% Feb. 15 Nov. 22 105 Jan. 28 Oct. 19 109 Oct. 19 68 ft Jan. 23 Mar. 3 10ft Oct. 19 41 98 Jan. 18 74 Oct. 18 93 Feb. 4 74 Oct. 18 110 Nov. 1 120 ft Dec. iQ 98 6% 1st preferred.......100 7% 1st preferred.......100 83 86ft 83 87 24 ft Sale 12 ft Sale 73 ft 73 ft 24 Sale 13 ft Sale 70ft 70ft 103 ft Jan. 22 Jan. 28 lift Jan. 18 29 Jan. 16 ft Jan. 12 14 100 22 115 preferred.......... 100 Sept. 8 120ft Nov. 16 Public Service of Oklahoma— 20 90 925 800 700 560 6% prior lien pref......100 7% prior Hen pref......100 (Public Utll Securities— 3.800 97 part preferred.. .....* 56.455 Puget Sound P A L $6 pf * 20.685 95 preferred ..* Puget Sound Pulp A Timb..* 103 Sale 89 12 '355 320 100 4.920 Quaker Oats com....... * 1.320 6% preferred...........100 10.825 Quebec Power Co..........* "155 1,500 73.900 1,150 38.125 5.750 34.800 109.300 60.300 8.900 236.300 "8 ft 8ft 121 Sale 140 152 23ft 24ft 6ft 95 138 ft 15ft » XH 4,500 2,000 "¥.255 Sale 12 93 conv pref..............* Raytheon Mfg. com......50c 41ft Sale 25 2 Red Bank Oil Co_ 10 ft Sale 1" *{4 3 7 7ft • Reed Roller Bit Co new.....* Reeves (Daniel) com ......* 25 4 Sale li 3i Reiter Foster OII Corp......* 500 13.100 Reliance El A Eng Co 51.300 Keybarn Co., Inc 1 10,200 3,000 2,600 1,900 123.950 Reynolds Invest com .......1 * 37.700 Rice Stix Dry Goods Co 1 127.000 Richmond Radiator com Rio Grande Valley Gas Co— 29.300 Voting trust ctfs 1 For footnotes see page 53. 98 138ft 145 16 17ft 17ft 7 33 2ft 4 Sale 23 24 3ft 5ft Sale 2ft Sale 12 ft Sale 5ft Sale 2 «* lft Jan. 95 Jan. 138ft Jan. Jan. 27 16ft Jan. 10 Oct. 26 Oct. 18 20 19 60 ft 33 Jan. 23 25 6ft Oct. -19 7 Jan. 21 3 100ft Jan. 3 138 ft Jan. 12 21 10 15 Jan. Jan. 13 Jan. 5 2ft Jan. 5ft Jan. 28 ft Jan. 13 28 Jan, 28 14 32ft 2ft 2ft 3ft Sale 24 24 ft 2ft Jan. 13 28 11 6 Jan. 26 Jan. Jan. Sale Jan. 4ft Jan. Jan. 12 15 90ft Jan. 8 7ft Jan. Jan. a ux 12 10% 5 100 92 Sale a 200 Rath Packing Co..........10 Raymond Concrete PUe— """255 T" 7ft Sale 9 Class B common..........* Common................* 3 29 18 89 20 12 6ft 9 250 Railway A Light Securities.* 4.200 Rys A Utll Invest cl A com..l 50.100 Rainbow Luminous Prod A.* 125 Jan. 27ft Jan. 6ft Jan. 27 Feb. 5 Nov. 5 103 Oct. 16 106 ft Jan. 27 Oct. 48ft Sale ""906 Pyle National Co common..5 73.150 Pyrene Mfg..10 Jan. 77 90 10 10 124 ft Jan. Jan. *125ft Apr.28 150 25ft Jan. 15ft Nov. i 91 9 Nov. 19 Dec. 30 11 1 Dec. 29 Nov. 20 Oct. 19 6 9 Jan. 7 Jan. 25 Feb. 26 Mar. 17 Mar. 63ft Mar. 7ft Feb, 49 3 9 1 Sepi. 3ft Dec. 23 3ft Jan. 24ft Jan. 4 ft Jan. "4 6 17 4 ft lift ""ft, Jan?"17 17 46 ft Mar. 3 8ft Feb. 19 ft Oct. 15 8ft Dec. 29 32 ft Mar. 2ft Dec. 29 21 Oct. 19 Jan. 28 lift Jan. 15 2ft Jan. ft Jan. 14 14 Dec. 29 6 ft 4ft Jan, 10 i9 19 lft Jan. 5 7 6 12 Oct, Oct. lft 2ft Jan. lft Jan. 5ft Jan, 2ft Jan. Oct. 19 ft Jan. 3 ft, Jan. 14 10 28 4 21ft _ Apr. 19 ft ft. ft Sept. 13 1 20 5ft Jan. 21 13! Feb. 7) Feb. 10 Mar. 17 - ft Sale 15 28ft Jan. 15 lft ft, Dec. 23 2 ft, Dec. 28 ft ft Nov. 29 32 Jan. 4 *38 ft 30 25 Apr. 6 14ft Feb. 26 r* Mr 9 *T n YORK NEW 4» AQQREQATE Jan. 2 "*"600 Ask Bid STOCKS (Continued) Par 1,100 Rochester G & E 6% pref.100 60 Rochester Tel 6%% pref—100 ' Ask Bid Bid Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Jan. 31 3 Jan. 1937 Shares Shares Ask 95% Nov. 19 104 % Feb. 25 Oct. 20 112 (July 28 110 13 16 13 16 Jan. 4 13% Jan. 12 21 1,700 500 200 400 T,600 900 9,800 50 6,300 5,100 Am dep rets ord reft 1,600 £1 13,800 Rome Cable Corp common..5 „.6 25,400 Roosevelt Field Ine 157,900 Root Petroleum Co com....1 5,600 $1.20 conv preferred.....20 43,500 Rossis Internet Corp 875 Royalite Oil Co Ltd........* 24,600 Royal Typewriter com..... * 24,100 Russeks Fifth Ave Inc...2.50 319,500 Rustless Iron 5c Steel Corp_.l 4,950 $2.50 conv pref.. ......* 147,700 Ryan Consol Petroleum * 137,300 Ryerson 5c Haynes Inc com.l 5% 3% Sale 18 % % % 175 36,600 1,175 2,000 7,200 Safety Car Heating 5c Ltft... * 117,200 St Anthony Gold Mining—1 13.500 St Lawrence Corp Ltd......* A $2 conv pref..........50 1.575 59,083 St Regis Paper Co..........5 7,775 7% preferred ......100 29,300 Samson United Corp com...l 105 Sanford Mills Co "V.IOO 5fl0 20 300 2,800 4,000 500 Sale 700 500 450 42,770 600 4,300 40,700 "l4,466 5,600 350 9,200 Securities Corp 8 9 *A X 42% 7 Sale 714 34 "4 % Sale , 3% 1% Sale 82 6% 1% 3% 9% 8 1% Sale 11 4% Sale 41 6% Sale 35 40 3% 3% 1% 1% 5% 8% Sale Sale 10 3 4% 6 Jan. 1 Jan. 5 7 3 Jan. 3 Jan. 6 %6 Jan. 13 % % 'A Sale 3% "~9% 38 3 ":A 4 Sale 4% 16 3% Sale 54 Sale 2% 3% 9 40% Jan. 5% Jan. 7% Jan. 1% 12% 23% 4 1% 13 25 "25"" "35" 49 Jan. 6 Jan. 3% 48 2% 6% Segal Lock 5c Hardware com 1 Selberling Rubber com * 3% 50 Sale Sale !* Sal* 31* d* 1% 2% 2% 12% 25 3 13% 25% 3% Sale 1 Sale Sale Sale 7% 5 97"" $5.50 prior stock ..25 Allotment certificates 97 Sale Sale 52 ;. Oct. Oct. 11 15 27 Jan. 11 80% Jan. % Jan. 26 92 13 11 3 Sale X 1% % 1 1 40 Sale 2% Sale 35 Sale 1 8 Mar. 141 Nov. Jan. 54 Jan. 5 1% Jan. 13 27 Jan. 12 15 27 Jan. 17 2% Jan. 4 24% Jan. Jan. 61 10 Jan. 13 13 3% Jan. 31 2% Jan. 4% Jan. 3 29% Jan. 18 113 Jan. 11 18 Apr. Apr. Apr. Jan. July 69 Feb 4% Jan. 2% Oct. 57 Nov. 1 % Oct. Dec. Oct. 50 1 """900 15,200 20,200 100 6,000 £1 1 1 Sentry Safety Control 100 Serrlck Corp class B com * 28.000 Seton Leather com 1 350,300 Severalty Aircraft Corp.. ..5 423,700 Shattuck Denn Mining 42.900 Shawlntgan Water 5t Power.* 7,600 Sherwin-Williams Co com..25 4,780 1,635 260 % % '"§% ~n~~ 3* 21 Jan. 31 5 18% 1% 1% 1% % Jan. 28 1% Jan. 28 I" "Jan. "3 2% Jan. Jan. Jan. Jan. Jan. Jan. 12 12 4 1 Jan. Jan. 28 4% Jan. 21 11 17 Jan. 3 1% 8% 58% 58% Jan. 10 Jan. 19 Jan. 10 Jan. 20 19 58 56% Sale 56% Jan. 28 4% Sale Sale 1% 6% 19% 83 4% 19 30 % Jan. % Sale Sale Sale 4% Jan. 1% Jan. 6% Jan. 28,800 6,300 800 55 450 600 420 10,500 Corp conv pref 400 800 4,200 25,700 189,000 91,800 15,000 300 270 1,400 900 5,600 3,200 200 100 800 200 1,600 1,100 1,200 6% 6% 7,400 200 3,900 Dec. 1 1 1% Sale 5 224 1% 6 1% 3% Sale 231 Sale 4% ord reg shs. 5% £1 5% 6 Sale Solar Mfg Co Sonotone Corp... Soss Mfg Co South Coast Corp com 5% 4% 75 26,200 2,500 "5",500 8,000 700 600 Standard Oil (Nebraska)...25 Standard Oil (Ohio) com..25 5% pref 10% Jan. 11 12 90 Jan. 25 Jan. 21 Jan. Jan. 7 19 1% Jan. 4% Jan. Jan. 224 4% Jan. 100 - Standard Power 5c Lt com..l * Class B common * ...1 Preferred Standard Products Co. Dec. 1 9% Mar. 31 30 Jan. 6 Oct. 15% Dec. 4% Jan. 25 28% Mar. I 4 L04 June 7 % Die. 7 52 Dec. Dec. 53 D Jan. [01 % Mar. c. X Standard Steel Spring 2% Jan. 13 27 5% Jan. 3 243 Jan. 14 19 12 5 5% Jan. 12 3 2 Sale 2 iff 28% 25J X 28% 26% 28% 24 5% 5% 1% 5% ' 2s >" 26% 24% 3% 148 140 "5 %* 4% 1% 6% 37% 21% ¥4 5% 3% 27 24% 2% Jan. 1% Jan. 5% Jan. 2% Jan. 27 27% 25% 27 % Jan. 21 24% Jan. 35% Jan. 88 10 V* 28 21 a Sale 3% Jan. 300 2,250 170,000 4,300 30 "2", 400 175 "¥,100 1,600 4,900 1,775 400 700 3,200 19,966 1,000 100 95,300 3,860 5,650 76,600 64,200 272,500 914 Sale 4% 2% 6% 7 37% 38 22% Sale 2 4% 1% % 2% 16 16^ 17^ 17 20 19 Sale 12% 11 Sale 2% 1% 6% 3% 31 14 19 H Sale il% 12 37 X Sale 104 >5 105% 5% Sale 5% Sale 63 21 67% Sale )A Sale 100 103 Sterchl Bros Stores Inc.....* 1st preferred....... 2d preferred...... ...50 20 1 Sterling Inc 1 ...1 * 15,475 Stetson (John B) Co com ...5 68,700 Stlnnes (Hugo) Corp ._.* 64,130 Stroock (S) & Co Inc * 39,800 Sullivan Machinery Co 6,500 Sunray Drug Co common... 1 .....1 659,100 Sunray Oil 5% % conv preferred.. 50 16,400 5,875 Superior Port Cem B com...* 50 ir $3.30 class A part.. * 7,300 Swan-Finch Oil Corp .....15 600 17,100 7,300 1,400 1,600 2,300 37,600 16,290 279,825 28,400 77,100 193,000 488,220 143,600 1,175 50 Swiss-American Elec 7% 18% 110 9% Sale ...1 Technicolor Inc common...* Teck Hughes Gold Mines...1 Tenn Ei Pow 7% 1st pref..100 Jan. 26 21 13 22 23 24 11 15 28% Apr. Nov. 1 Jan. 2 28 10% Aug. 12 Feb. 3 7% Feb. 15 1% Dec. 29 4% Nov. 22 13% July 12 Jan. 2 221% Nov. 24 370 Nov. 16 35 6% Apr. 21 4% Oct. 100 Jan 7 Jan. Oct. 5% Sept. 2 29% Mar. 30 28 2% Dec. 7 Mar. 15 2% Jan. 19 10% Aug^ 17 5% July 19 10 25% Nov. 23% Nov. 33% Sept. Jan. Jan. 19 Jan. Jan. 11 27% Jan. 25% Jan. 36% Jan. 4 12 20 Jan. Jan. 28 Jan. Jan. 25 14 22 Jan. 18 5% 2% 7% 38% 22% 26 Jan. Jan. Jan. Jan. Jan. % 4% 1% % Jan. 20 Jan. 15 Jan. 17 Jan. 13 16 Jan. Jan. Jan. Jan. Jan. 17 Sale 8% 9% 19% 21 99% 101% 1% Sale 1% Sale 5% Sale % Sale 7% Sale 2 2% 17% Sale 6% 7% 19% Sale 100 96 1% 1 Sale 1% 17 8 35 Oct. 20 Nov. 42 8 3% Oct. 1% Oct. 6% Dec. % Oct. 19 % May 28 7% Jan. 25 Jan. 29 5 19 Jan. 1 " 8% 3% 11 17 2 3 11 13 3 2% 10 16 10 - 12 7% Jan. 26 8 Oct. Jan. 99% Jan. 1% Jan. 1% Jan. 10 16 Oct. 5 100 Oct. 22 14 10 Sale 2 2% Sale 26% 19% Sale 47 3 3 8% Jan. 17 3 Jan. 4% 44% Oct. 19 20 9 Oct. 19 9% Dec. 28 14% Oct. 19 7% Jan. 28 9% Jan. 10 2 % J an. 4 Jan. 8 3% Jan. 12% Jan. 18 26 4% Jan. 3 Dec. 'A Oct. 6 4% 4% 3% Jan. 6 27 Jan. Sale 4% 2% 4% 2% 6% Sale 4% 1X4. 4% 2% 2% 6 Jan. 3 4% Jan. 2% Jan. 29 "" .. 11 4 6 7% Jan. 8 1% Jan. 28 10% Jan. 1% 13 7% Sale 16% 11 % 3 Sale 30% 34 2% Oct. 7% Jan. 4% Jan. 3% Jan. 8 25 10 4% Oct. 8% Jan. 1% Jan. 12 12 34% 36 6% Dec. 1 Sept. 10% Oct. 5% Oct. 13 Dec. 9 3% Jan. 26 36 15 11 Jan. Jan. Sale 5% 109 12 Sale 3i* 4% 21% 5% 73% Sale Sale Sale Sale 8% 111 4% Sale 27 l^t 29 1% 16% Sale 5% Sale 6 112 7 Sale 3 Oct. 2 4% Sale 27% 28% % Sale 4 28 Oct. 18 2 Oct. 31 10 Oct. Apr. Apr. 5% c, Sale < Sale 2Y$ Dec. . 2 8 2 15 11 25 23 8 7 Feb. 11 * Jan. Aug. 17 16% Feb. 4 6 5% Jan. 10 26 % Jan. 25 29% Jan. % Jan. 3% Dec. 25% Nov. % Oct. % Oct. 29 22 16 19 41 2 1% Jan. 8 10 11 5 Jan. 14 Jan. 11 Mar. 12 Jan. 17 14 Oct. 19 34 Aug. 16 5% Jan. 5 4% Oct. 53% July 19 8 6 Feb. 10 77 Jan. fc 8 5 3 16% Jan. 5% Jan. 22 Jan. 27 48 98 1 Jan. Jan. 1 % Jan. 18 Feb. 11 15 7 116% Jan. 21 29 13% Feb. 5 Sept. 1 15% Mar. 17 13% Feb. 23 7% Mar. 4 6% Feb. 26 5% Oct. 110% Jan. 7 1 25 40 Feb. Feb. Mar. Feb. Mar. Jan. Jan. Feb. Jan. H2 5 4 Jan. 07 Feb. Oct. Jan. 13 14 Mar. 15 Feb. 11 10 Oct. 14% Sale 21 21% July 15 3 2% Jan. 34% Jan. 7 12% 2 Mar. 11 25 Nov. 30 7 1 14 13 21 Jan. 18% Sept. 63% Jan. 21% Aug. 20 15% Dec. % Oct. 20 12 23 Mar. 30 Jan. 29 Jan. 8 107 Sale 1 2% Dec. 44 13 Oct. 17 17 19 23% Aug. 9 27 Apr. 17 13% Apr. Oct. 13 20 1 Mar. 1 1% Mar. 2 12% Apr. 7 4% Jan. 14 45 Oct. 5 Jan. 105% Jan. 7% Jan. 7% Jan. 69% Jan. 25 Feb. % Feb. 12 Sept. % Oct. 1 20 3 11 19 Oct. 8 3% Sale 25% 25% 14 16 14 100 100 6 4% 1% Dec. 29 % Aug. 17 15 Jan. 4 2% Jan. 11% Jan. 28 19 Oct. 5 Sale "6% "6% 4 26 Jan. Sale 7% 2% 27 % Jan. 27 20 Jan. 14 3 99% Jan. 7% 6% 17 Aug. 24 31 19 Jan. 14% Jan. 18 Jan. 31 11 163 Dec. 7% Mar. 5% Feb. 11% Apr. 56 Aug. 20 19% Jan. 22 41% Jan. 4 8% Feb. 19 83 Mar. 2 July % Jan. 18 4 18 % Jan. 4% Jan. 1% Jan. 29% Mar. 10 28 Jan. 14 Oct. 148 4% 2% 6% 37% 28 Tastyeast Inc class A.......1 Taylor Distilling Co For footnotes see page 7% pref.100 Taggart Corp com 1 Tampa Electric Co...._....* [14 % Sept. 29 5% Dec. 11 1 65 12 9% 18 Sterling Aluminum Prod Sterling Brewers Inc Oct. 72% Nov. 106% Oct. 23 July 147 4% 15 phate 5c Acid Works.....20 (The) Corp v t c..1 (A)5c Co com • Stein preferred 3% Dec. % Oct. 3% Oct. % Co..5 1 Starrett 6% % Dec. 98 15 3% 1% 141 4% 2% Sale 38 25 15 2% 2% 1% Sale Jan. Standard Wholesale Phos¬ 9,700 • 2% Feb 1% Jan. 6 Dec. 12% Mar. 6% Jan. 28% Feb. 33% Feb. L54% Mar. 1% Jan. % Oct. 18 14 4 % Feb. % Oct. 2 Dec. 30 50% Jan. 21 16 Standard Silver Lead....... 1 Standard Tube class B 11 2 88 ..1 ...1 ..1 1 $1.60 conv pref new ,.20 2,700 14,350 Stand Invest $5% P'©< w w..* 150,700 Standard Oil (Kentucky).. 10 Oct. 5% Jan. Nov. 21 170 South New Engl Telep Co. 100 12,900 Southern Pipe Line.......10 49,100 Southern Union Gas com—* 161,800 Southland Royalty Co.....5 ......25 61,850 South Penn Oil 50 2,450 So West Pa Pine Lines Spanish 5c General Corp Ltd Am dep rets ord reg shs..£l 80,700 Am dep rets ord bear If 3,300 65,200 Spencer Shoe Corp .._.....* 6,146 Stahl-Meyer Inc com.......* * 18,400 Standard Brewing Co 19,900 Standard Cap 5c Seal com—1 Conv preferred 10 9,300 22,400 109,110 2,825 680,500 53,700 4,750 70,800 806,300 12,900 24,400 3 Jan. 7 5% Standard Dredging Corp— 150 750 12 ... 25 27,800 Sou Calif Edison pref B 5 %% pref class C ..25 26,700 5% original pref ..25 3,220 10,500 Southern Colo Pow cl A..25 60 7% preferred .....100 1,100 2% Jan. Jan. 150 Sioux City G 5c E 7% pref.100 600 Skinner Organ Co—...... 1,125 Smith (Howard) Paper Co. 25 7.200 Am dep rets 3 20 Jan. Singer Mfg Ltd.. 500 25 5 Pub 76,400 Simmons H'ware & Paint Co * 35,400 Simplicity Pattern Co 1 3,443 Singer Mfg Co...........100 370 5,200 Jan. 14 5 Jan. % Sale common.....* Simmons-Boardman Mar. 10 % Dec. 17 Pipe Line stamped......25 Silex Co (The) 17 12 Jan. 81 Shreveport Eldorado 500 lA Jan. 5 27 110 20 5% cum pref A A A ...100 Sherwin-Williams of Can...* 10 78% Jan. 16 7% Dec. 28 7 6 107 Sale 12 16% Dec. %Jan" "10 1 3 Sale 4% Sale Sale 20% 25 54% May 26 5 4 56 5% 4% 6 6 6 25 May 28 109 Oct. 36 55 5* 6 27 36% Sept. Selfridge Prov Stores, Ltd— American dep rets 2 26 11% Dec. 22% Dec. 109 Apr. Jan. % Apr.1 4% Dec. 27% Jan. 3 6% Jan. 28 7 6% 8 1 19 6 15 19 22 Dec. 73 %6 Jan. 21 Mar. July Apr. Jan. 51 July 6% Jan. Oct. 1 Jan. 5 Jan. 55% 110% 14% 17% 34% Dec. 2% Oct. 1% Jan. Jan. 1 5ft-Oct. 32 Sept. 35% Nov. 5% Oct. 5 11 Jan. 4 20 18 9% Dec. 36 59 51 1 2 20" "32"" 5 Aug. 23 Aug. 9 Feb. 3 Jan. 2 5% Oct. 4 3 16 ftelby Shoe Co com...—... Selected Industries........1 9% Jan. Dec. 21 27% 15% 4% 13% 13 22 21 27 16% Jan. Gen'l com..* Convertible stock 5 26 31 15 June 19 5 Jan. 113 Seeman Bros common Jan. Jan. Jan. Jan. Jan. 3% Jan. 1% Jan. 36 common. 3% 7% 1% 3% 9% % 10 18 Sale "2% ""2% Warrants 7,700 20,725 90,500 262,900 139,150 236,300 9,650 49,600 100 Sale 40 95 12% 5 45,300 Savoy Oil Co............. 11,800 Schlff Co com..............• 25 57.050 Scoville Mfg Co 50 Scranton Elec $6 pref......* 570 Scranton Lace Co common..* Scranfon-Spring Brook Water Serv $6 pref 1.675 _...* 300 Scullin Steel Co common...* 1,200 o 3 5% 91 ' 2,800 6 2% 13 % 18 Nov. 23 26 10% 900 Roeser & Pendleton Inc....1" Rolls-Royce Ltd— 6,200 1937 Price CURB EXCHANGE 12 Months 1937 In YEAR RANGE FOR PRICES IN JANUARY SALES NEW TORE January EXCHANGE CURB 21 48 Jan. 53. P-u 27 NEW FEB., 1938] in January Jan. 2 CURB EXCHANGE Shares 10 Texon Oil A Land „„2 Salt* 6 H 4 6 Tllo Roofing Inc 12*4 Sale 9H 10 *4 ......1 Tishman Realty & Constr..* Tobacco Prod Exports 8 2*4 2*4 16*4 ""§*4 ~~3H * 17*4 2J4 3 28 3 Jan. 24 96 7 12 13 2 Oct. Oct. Dec. 9 14*4 Oct. 1*4 Oct. 32*4 Oct. 13 28 20 2 Tobacco Secur Trust Co Ltd 700 Am 925 dep rets ord reft shs..£l 18 *4 21 Am 3,900 4,000 22,350 1,000 dep rets def reft ...5s 6?* 52 *4 30 Todd Shipyards Corp.... .* 560 Toledo Edison 0% pref.. 100 30 710 1*4 4 *4 Trunz Pork Stores Inc 11 9 ...» *4 *4 2*4 Sale 6*4 Sale % Sale 7*4 9*4 • *4 ; 3 28 3 Jan. 1 5*4 Sale % *4 6*4 9*4 16*4 Sale 38,300 Ulen 8c Co 300 12,200 42,900 Unexcelled Mfft Co Inc Sale Sale 11*4 11*4 61*4 8*3 7 4 31 3 zm- Sale 25 3*4 10 4 33,300 1,600 300 Union Gas of Canada 16*4 Sale * Union Investment Co com..* 100 Union Ol lof Calif rights.. 3 loM 17,300 Union Premier Food Stores. 1 28,400 49,200 800 27,700 26",666 800 141,900 121,900 35; 2*4 Jan. 26 2*4 1*4 1 *4 Jan. •:.7 ;, 2*4 Jan.. 12 7 1*4 Jan- ; 7 1*4 Jan. 13*4 7 14*4 1*4 12 13*4 Jan. 5*4 Jan. Sale 28 Jan. 15 Jan. 7*4 Jan. 28 12*4 Jan. Jan. 3 9A Sale *4 Sale *4 Jan. *4 Jan. "29 17 % Jan. *4 Jan. Sale 3*4 Jan. 28 5*4 Jan. Sale 8 Sale 38 47 *4 Sale % Sale 3*4 6*4 Nov. 8 6,500 2,000 9,900 2,404,700 68,300 cum partlc pref * Clgar-Whelan Stores.10c "1*4 "1*4 United Corp warrants....... 3 5*4 . $7 1st non-vot pref.. 7 i: Oct 4 20 2 * 32,000 1,900 23,000 913,000 150 2,370 1,319 27,700 288,100 1 120 2*4 Sale 'nlted Lt 8c Power 4*4 Sale 98 96 3*4 *4 1*4 Sale Jan. 94 98 95 1 8*4 Sale * 8*4 Sale 61 S3 preferred 28*4 62*4 32*4 68 5*4 6*4 "6*4 1*4 "1*4 *4 1st pref... .....* United Milk Products com..* .....* Sale 3*4 Sale 3*4 4*4 21*4 Sale 17*4 20 56 28 Jan. 26 Mar. 28 3 78 Jan. • *4 Oct. 3*4 Jan. 4*4 Jan. 26*4 Jan. 8 19*4 Jan. 14*4 Oct. 1,800 13*4 Feb 19 52*4 May 28 1*4 Nov. 1 22,900 1,000 19,000 76.800 45,203 7,520 22,000 255,800 66,600 26,950 107,800 10,100 36,600 141,800 73,900 4,700 56,800 364,500 655,800 6,820 39,300 4,210 13,800 8,250 24.100 15,660 5,800 84,300 7,000 44,300 98,800 325,400 19,000 74,350 13",500 14,000 1,625 120 2,000 6,300 2,600 1,150 2,300 300 3,700 2,100 1,000 310 600 3,700 14,300 100 9,200 "T660 "5,500 725 T.266 1,050 600 2,000 7,200 300 - 80 800 53,600 6,100 16,700 61,800 448,000 1,010 22,900 2,900 1,700 26,400 25,100 3,300 1,550 1,200 900 9,300 ' 6*4 110 50 Unit Profit Sharing com * ....10 Preferred United Shipyards class A Class B Preferred 1 25 14 2*4 Sale 89*3 Sale U S Foil class B ...» * USA Internat Sec com 1st preferred with warr U S Linos Inc pref * U S Rubber com 89* 31 91H *j Sale* Reclaiming....* United Stores Corp com vtc * United Verde Extension..50c United Wall Paper.. 2 Universal Consol Oil Co 10 "7*4 Sale" 1 Sale 3*4 Sale 4*3 Sale 11*4 14 Sale 2 Sale Sale 5*4 i 5*4 5*4 Sale 1*4 *4 '"1*4 '"1*4 22*4 3*4 Sale 3*4 2*4 22 2*4 1*4- Sale 1 2l*4 Sale 9 1 12*4 Sale 3*4 13 1*4 ...5 * pref • com Priority Stock • 5 Conv preferred...........7 tUtll Pov* 8c Light com 1 Class B common 7% preferred 1 ... 100 ... Valspar Corp common 56 conv pref Van Norman Mach Tool 4*4 4 Jan. com 1*4 Sale 3 3*4 24 Sale 18 10 15 19 31 4 Jan. 5 56 Jan. 1*4 Jan. 22*4 Jan. 4 1*4 22*4 4*4 3*4 *4 Jan. 10 Jan. 5 2*4 Jan. *4 Jan. 5 19 7*4 Sale 2 95 Waco Aircraft Co • Sale Sale 14*4 Sale 6*4 7*4 Jan. Jan. Jan. Jan. Jan. 5 2 Jan. 4 *4 Jan. 1*4 Jan. 2*4 Jan. 7 Jan. Sale 1*4 Jan. 31 3 Jan. 5 7*4 1*4 """166 2 Sale 1*4 *4 Sale 1*4 2 18 17 Sale 12*4 3*4 1*4 4 1*4 Jan. 34*4 Jan. 4 4 Sale 14*4 3*4 1*4 .... 15 37*4 Sale 3*4 Jan. 11 20 13 11 7% 1st preferred Common 400 . 700 300 900 6,400 1,400 100 ll'Mb 2,700 6,700 61.000 Youngstown Steel Door....* 5 371,4001 Yukon Gold Co For footnotes see page 53. 2 11 2 5*4 12 10*4 10*4 Jan. 2 19 Jan. 35*4 Feb. 18 18 Oct. 19 x2*4 Sept. 15 1*4 Jan. 43*4 Jan. 10 19 18 39*4 *4 1*4 *4 1*4 Jan. Jan. Jan. Jan. Jan. 31 Jan. 28 2*4 Jan. 3 6 40*4 3 17 2 Jan. 14 17*4 Jan. 8 *4 Dec. 1*4 Oct. *4 Oct. 1 Sept. 11*4 Oct. 3 26 Jan. 11 2 Jan. 3 40*4 Jan. 21 24 13*4 Jan. 5 16 Jan. 11 Jan. 28 24 12*4 Dec. 3 Dec. *4 Oct. 72*4 Oct. 6*4 Nov. 26 3 10 2*4 2*4 2*4 Jan. 3 Jan. 29 3*4 Jan. 11*4 Jan. 10 1 2 1*4 7 9 7 Sale 3 8 29*4 Sale 3 2*4 Sale Sale 2 8*4 a 1*4 Sale 5*4 6 5 94 4*4 5 5*4 2J 33 10*4 3 1*4 Jan. 72 9 Jan. 28 83 3 6*4 8 Jan. 6 16 22 21*4 Jan. 26 28 ""4 3 1*4 Oct. Dec. Dec. Oct. Oct. 11 83 1 12 *4 1*4 6*4 6*4 70 "7 10*4 m 15 9" 10*4 2*4 Sale 5*4 7 Sale 5 3*4 Sale 2*4 Sale v* i: 3*4 Sale 8 & 8 1* 8*4 8*4 10 11*4 8 15*4 2*4 2*4 4*4 Sale 6*4 7 I 3 1* Sale Jan. Jan. 5 10*4 8 13 9 22*4 5 13 Sale 23*4 '"754 Sale' 16*4 17*4 7*4 Sale 19 2*4 3 Sale 16*4 17 "8*4 Sale" Sale 1 3*4 5*4 Sale 6*4 7 1*4 2 Oct. Oct. 19 2*4 Oct. ; 75 Jan. 12 76 Oct. 21*4 Jan. 26 19 Nov. 26 Aug. 2 11 18 10 Jan. 3 18 1 Jan. 10 Jan. 14 14 9*4 Jan. 27 2*4 Jan. 4*4 Jan. 12 3 Jan. 21 24 16*4 Jan. 28 16*4 Jan. 28 7*4 Jan. 3 8*4 Jan. 28 3 21 Jan. 6 4 2 Jan. 11 Nov. 23 Dec. 28 l80H Dec. 27 Nov. 23 Jan. 5 11 8 19 Oct. 19 6*4 Dec. 29 Oct' 19 4 Oct. 19 2 1 2 5 93 103 133 73 13 117 Oct. 4 23 19 13 3 19 4 1023 Feb. Dec. 28 21 j 8 / Jan. Oct. 8 18 Oct. 19 Dec. 29 32 62 9 953 53 14 Jan. Jan. Jan. Feb. 30 9 6 20 23 25 23 Aug. 16 Apr. 6 Apr. 13 Mar. 31 Mar. 16 Jan. 19 Mar. 11 Mar. 6 Feb. 3 Apr. 6 June 10 Mar. 5 Mar. 17 June 1 July 7 12*4 Feb. 2 1*4 Jan. 26 9*4 Jan 25 24 May 13 16*4 May 21 10 Jan. 18 95 83 Jan. 8 Feb. 1 Feb. 10 19 18J 12' 7 19 23*4 Jan. 7 6*4 Apr. 7 8*4 Jan. 16 14*4 Nov. 26 1*4 Oct. 19 30*4 Sept. 13 4*4 Mar 11 iH Oct. 15 h Oct. 6 Jan. 19 5 2 3*4 Jan. 7*4 Jan. 6*4 Jan. 1*1 Aug. Aug. 13 9*4 Jan. 6 Jan. 17 8 61 5 10 98 43 113 19 19*4 Jan. 8*4 10*4 Feb. 15 23 4*4 Oct. - 16 73 33 16 7 5 Jan 3*4 Mar. 18 28*4 J n. 28 15 12 4*4 Jan. *4 Jan. 3*4 Jan. *4 Jan. *4 Jan. Jan. 9 89*4 Jan. 16 2 Jan. 25 3 6*4 Feb. 19 Oct. „% Nov. 28 Apr. 10 23 6 *4 Oct . 9 Feb. 16 Apr. 15 9*4 Feb. 5 3*4 Jan. 25 19 Jan. 12 20 100 3 26 18*4 Feb. 15 Jan. 70*4 Jan. 2*4 Jan. 7*4 Jan. Jan. 6' 13 8 Jan. 2 Jan. V 9 19 19 3 19 6 8*4 July 4*4 19 24 10 26 60 3*4 23 Oct. 19 Dec. 21 101 24*4 22 6 Jan. 7 Jan. Jan. Jan. 18 Jan. Jan. Jan. Jan. 6*1 Jan. 2*§ Jan. 4*4 Jan. Jan. "4 *4 Jan. 28 1*4 Jan. 28 6*4 Jan. 26 5*4 Jan. 26 6 5*4 Jan. 2*4 Jan. 28 7 3*1 11*4 Dec, 20 Dec. 17 Jan. 5 18 9 2 *4 Jan. 2*4 Jan. A Jan. 44 25 65 ~9~" Sale" 2*4 Jan. "15 19 Dec. 27 15 6*4 Jan. 2*4 P 8*4 Apr. 77*4 Jan. 6*4 Mar. 11 Mar. 10 Jan. 12 18*4 Jan. 12 Feb. 5 Feb. 23 Jan. 28 18 July 21 16 14 19 27 5 34*4 Feb. 23 Oct. 31 2*4 5 Mar. 8 93*4 Jan. 26 4*4 Mar. 13 11 Jan. 31 I* 5 18* Feb. 8 Jan. 1 28 26 Aug. 1*4 Nov. 30 9H Oct. 20 6*4 Jan. 1 Jan. Jan. 12 8 „ale Sale Sale 2*4 Sale 15 3*4 Jan. 6*4 72 11 88 Oct. < •- 19 Mar. 10 7*4 May 18 4*4 Jan. 28 31 West Texas Utilities Co— $6 preferred 2,170 ._._.* * 135,600 W Va Coal 8c Coke com 5,100 Weyenberft Shoe Mfg Co 1 7,000 Williams (R C) 8c Co .* 31,100 Williams OH-O-Matlc Htg * 51,500 JWU-Low Cafeterias com 1 Convertible preferred 22,000 * * 13,800 Wilson Jones Co com... .1 11,000 Will son Products Inc 300 Winnipeg Electric class B * 440 Wisconsin PAL 7% pref.100 66,800 Wolverine Port Cement....10 2 955,200 Wolverine Tube Co com 60,400 Woodley Petroleum Corp 1 Woolworth (F W) Ltd— * Am dep rets ord shs 20,400 ..5s Am dep rets pref 1,300 £1 476.100 Wrlght-Hargreaves Ltd.....* 19 Oct. 5 210 West Jersey 8c Seashore RR 50 * 325 Westmoreland Coal Co 1,400 1,300 2,400 Oct. 13 15 ""6*4 ""6*4 3*4 100 ♦ 19 2*4 Oct. 19 1*4 Oct. 19 *6 June 11 12 Jan. Western Tablet 8c Stationery 10 Oct. 9 13 Western Maryland Ry— 3,300 1,000 Oct. 11 Dec. Oct. 7 "26 2 83 4*4 400 Western Cartridge 0% pf.100 4,750 Western Grocery com.. 20 6.410 10 3*4 Jan. 1*4 Jan. 10 * ..100 Wagner Baking com y t c 7% preferred...... 19 63 37*4 Apr. 28 4*4 Dec. 28 4 Oct. 19 *4 Oct. 19 47 Nov. 24 *4 Oct. 19 Jan. 3 7 13 *4 Jan. 5 15 1*4 39*4 2*4 Sale .1 Petroleum... .14,600 70,400 Wellington Oil Co common..1 106,300 Wentworth Mfg Co. 1.25 67,700 Western Air Express Corp..I 50 19 11 14 1*4 26 Virginia Pub Serr 7% pref 100 Vogt Mfg Corp .........* 700 50 10 31 20 Sale 5 ...10 3,100 3,300 840 Dec. Jan. 26 1*4 Sale 18 18 Oct. 1*4 2*4 $ Jan. Feb. Feo. 11% 6 8*4 Apr. 8 253 Aug. 5 2 21 July 27 6*4 Jan. 6*4 Jan. 1*4 Jan. 41 26 Jan. 4*4 87 18 11 1*4 Dec. *6 Oct. 14 9 4*4 1*4 Sal 4*4 Sal 87 Welsbaum Bros-Brower Co..l ' Oct. *4 Oct. 16 25 75 244 28 3 Jan. 6 5*4 Jan. 28 5*4 Jan. 2*4 Jan. 77*4 Jan. 13 11*4 Jan. Jan. May 1*4 Dec. 27 1 5 Venezuela Mexico Oil Venezuelan 31 Jan. 39 5 Radio Prod com......* Utility 8c Ind Corp com 18 3*4 Jan. 94 45 * Utah Idaho Sugar Co Utility Equities 4 10 Sale 7 19 4 10 *4, Jan. 1*4 Jan. 2 8 Utah 12 Jan. 2 8*4 5 Universal Pictures Utah Pr & Lt 17 Jan. 1 6 *4 1* ■'* 1 a Universal 'osurance.. Universal Products Co 2*4 Jan. 1*4 Jan. 70*4 Jan. 49 A *4 1*4 1*4 2*4 Sale Universal Corp ▼ t c com 21 230 6 Mar. Nov. 8 com........* 57 Conv 1st pref..........* 200 700 5*4 5*4 Sale % 1*4 50*4 Sale 1*4 1*4 21*4 22*4 2*4 3 1*4 2*4 28 11 U S Stores Corp ... 3,500 8*4 4*4 1 *4 70*4 6*4 Jan. 5 4 1 ... Class B • 8,600 167,100 Walker Mining ......I 31,800 Wayne Knitting Mills 5 600 Sale 71 5 16*4 Sale ...» U S Playing Card com.....10 U S Radiator 11 8 2*4 Sale 1 1*4 41 United Specialties common. 1 1,000 Wahl (The) Co common....* 6,100 Waltt 8c Bond Inc class A..* """166 0*3 10 *4 Jan. % 1 25 .... Jan. 228 1 United Shoo Mach com 6*4 Jan. 6*4 6*4 Jan. 2 3 ill 55 180 United N J RR Ac Canal.. 100 20 800 2,200 Am deo rets for ord reg 8 Feb.- 8 30*4 Mar. 17 United Molasses Co Ltd— 17,100 8 Feb. 19 74 Dec. 27 1 *4 Oct. 19 2*4 Oct. 19 Jan. 28 6 May 5 13*4 Feb. Oct. 19 Jan. 28 Oct., 19 124 > 1*4 Jan. 77 4 17 19 19 v July *4 Dec. 28 *4 Oct., 19 • 78 65 71 68 2*4 Jan. 4*4 Jan. 17*4 Jan. 17*4 Jan. 2*4 Sale 3*4 4 18*4 Sale 18*4 19*4 25 100 *4 Jan. . 73 A...* com Common class B Oct. ill Sale Sale 10 Warrants Jan. 47 620 United G Ac E 7% pref... 100 80 4 45 36 ._* ...1 United Gas common 300,500 60 50 S3 Un 100 United Elastic Corp 79",700 3 .......* Fob Jm&fe United Chemicals Inc— Common 9*4 Mar. 9*4 Feb;l 1*4 Dec. 29 l 6*4 Feb. 1*4 Oct.. 19 Jan."- 7 *4 Dec. 28 3 114*4 Feb. 23 112 May 18*4 Jan. 21 11*4 Oct. 19 19 10*4 July 14 4*4 Oct *4 Apr. 12 Va Apr. 12 9*4 Oct., 19 ,12*4 Nev. 15 21 10*4 Sale 22 > 11 14*4 Jan. 5 Jan. i.- 14 3 10 13*4 12*4 7 v #" 20*4 Sale ...... , Jan.7'11 6*4 Jan. 6 5 26 13 H Apr. 6*4 Oct. 19 25 Dec. 28 86 11*4 1 *4 Oct. 19 5*4 Obt. 19 ,13*4 12 2*4 Sale United Alrraft Ac Transp— Warrantee i; 11 Jan. 7 25 26 Feb. 29 % Dec. 12 12 1*4 Sale 11*4 Jan. ..2* Jan. Feb. 1*4 Oct. 19 4*4 Nov. 24 m Jan. 2*4 3 10 *4 Dec. 21 28 Feb. 18 Mar. 18 18 115 Dec. 29 9 26 . July 23 105 Oct. 3*4 Jan. 7*4 Jan. 1 12*4 5*4 Oct. 95 mi 2*4 Jan. ,7 170 Union Elec of Mo 7% pref. 100 "MOO 90 10 29 2*4 Sale 6*4 7*4 3*4 8 1*4 25 .....25 19 20 21 20 11 13 Jan. 25 25 2*4 6*4 Fe 74 22 3 7*4 Jan. 8*4 Sale 1*4 7*4% pref.. 5% preferred 7*4 Sale 18* Jan. 19 19 Jan. 95*4 Jan. 5 103 20 Jan. Jan. Jan. Jan. % Jan. Sale Jan. 5 14 *4# Jan. 1*4 Jan. 3*4 Jan. 7*4 Jan. *4 Jan. 12 Jan. A *4 2*4 5*4 Corp— 1,200 500 Sale Sale ~2H Sale 265,000 Common 1 41,550 Class A— ..1 123,300 T-jnft Sol Lamp Wks com.. 1 80-cent dlv pref...... 40,700 * 600 J&x Belmont Develop..1 Tublze Chatillon 13,500 1,700 5,500 16 53 92 114.660 Tri-continental Corp Warr.. 3,400 A* 48 99 52,700 Tonopah Mining of Nev 1 191.800 Trans-Lux Plct Screen com. 1 10 148,200 Trans western Oil Co a- 15*4 2*4 2 44*4 Sale 7% preferred A........ 100 77,400 Tonopah 100 6,200 8,100 11,300 4,400 4*4 Jan. 4*4 July 66 19 17 16*4 Jan. 1*4 Jan. 54 15*4 Jan. 1*4 Jan. 44*4 Jan. 2 Apr. 29 19 19 4 18*4 Mar. 10 10*4 Jan. 25 19 Nov. Oct. 3*4 Jan. 2*4 Jan. Sale Prices Jan. 2 29 112 7*4 Jan. 26 19 28 25*4 Sept. 13 5*4 Oct. 3 55 67*4 3*4 Highest " Sale Prices - 4*4 Jan. 12*4 Jan. 8*4 Jan. 6 102 Jan. 9*4 Jan. 7*4 Jan. 4 Sale Sale 8 50 57 50 TobaccoA Allied Stocks....* 4*4 9*4 7*4 Sale Prices Sale Prices Ask Lowest Highest i 100*4 Jan. Sale 11 Sale 9 Thew Shovel Co common...5 78,600 7.400 Co Ask 112 Texas P & L 7% pref Bid Lowest Jan. 31 Ask Bid Bid STOCKSiConcluded.) •1.390 85,800 18,550 84,750 7,800 2,175 3,500 2,500 1,300 * 3 Jan. 1937 1937 Shares 110 YEAR 1937 Price YORK NEW 12 Months ... RANGE FOR PRICES IN JANUARY SALES AGGREGATE 49 EXCHANGE CURB YORK Apr. 5*4 Oct. Jan, 15 50 NEW AGGREGATE YORK SALES PRICES IN JANUARY NEW YORK In January CURB EXCHANGE RANGE FOR YEAR 1937 Price CURB EXCHANGE 12 Months 1937 Jan. 2 Jan. 1937 Bid Ask Bid 3 Lowest Highest Lowest Sale Prices Sale Prices Sale Prices Jan. 31 Ask Ask Bid Highest I Sale Prices BONDS 10,000 198,000 15,000 91,000 122,000 54,000 13,000 370,000 48,000 Abbott's Dairy 4s ...1942 3.058,000 Alabama Powar «%■ 1947 1st A raf Si 1454 408,000 5s 1,464,000 1948 1st 5a 1946 1,138,000 1st A raf 5a 1.326,000 1951 885,000 Aluminium Ltd 5a ..194ft 3,575,000 Amer Gas A Else deb 5s ..2928 364,000 27,000 33,000 156,000 4a 2016 5.664,000 401,000 Amor Radiator deb 4Ms. 1947 241,000 American Seating 4s stpd 1946 1,735,000 Appalachian El Pr 5s .1956 23,000 59,000 100,000 348,000 249,000 14,000 1,000 217,000 199,000 357,000 2,189,000 3,469,000 3,549,000 195,000 104 % 98% 102 Sale Sale Sale 102 % 104H 102 Jan. 80 % 70 Sale 65 Jan. 27 81 80 84 78 Jan. 26 Sale 91% 86 % 108% 99 101 Sale ...... 92 94 167", 000 3,000 179,000 17,000 205,000 33,000 26,000 66,000 11,000 19,000 2024 5s 1941 Ark Louisiana Gas 4s 1951 Arkansas Pr A Lt 5s 1956 Associated Rlec 4%s Assoc Gas A Rlec «%a 1953 1948 4%s registered 3,550,666 11,000 706,000 3,000 3.469,000 234,000 3,247,000 1948 105 73 Jan. 26 89 Jan. 27 99 Jan. 79 Jan. 27 92 Jan. 87 Oct. 4 107% Jan. 5 108% Jan. 102 Apr. 104 Oct. 68 Oct. Sale 106% Jan Sale 106% Jan Sale 71 Sale 71 Jan. 77% Sale 105% 106% 105% 105% 105% Jan. 107 . Sale 104H 104% 105 % 119 % Sale 108 108 H 110 101% 102 104 H Sale 64 % Sale 87 Sale Registered 79 Jan. 104% Sale 104% Jan. 109 Sale 110 110 111% 107% 107H 106% 107 99% 100 99% 100 92 Sale 89% Sale Jan. 106% Jan. 99% Jan. 86 78% Oct. 97 Oct. 1928 5H* lav ctfs reg 81 21 105% 3 90 27 105% Jan. 13 Jan. 21 Jan. 14 Jan. 3 27 112 Jan. 20 107% Jan. 14 12 4 Sale 36 Sale 27 29 35 61H Sale 77" ~78% 103% Oct. 107 M ft May lft Mar. 22 119% Jan 2 105% Oct. 8 110% June 28 98 Oct. 19 102% Jan 14 11 89 10 28 Oct. Oct. 19 28 27 Jan. 21 23% Oct. 19 19 ^,6% Jan. 19 Sale 26 Jan. 27 33 Jan. 10 22 19 Sale 62 Jan. 4 78 Jan. 15 64% Jan. 22% Jan. 8 28 29 Jan. 10 Jan. 28 Jan. Jan. Jan. Jan. Jan. 13 27 36% 34% 49% 47% 80% 95 Jan. 86 Jan. 19 104% Jan 21 Sale ~27~" 62 64 75 28 Sale 24 Sale 34 37 30 33 Con* deb 5s 61% Sale 31 Sale 30 Sale 72 105 92% Sale 95 Atlantic City Elec 3% 8-.1964 26% Jan. 41 1973 Sale Sale 46 43 Corp 5s_ 1973 28% Sale 42% Jan. 76 92% 98 Sale 94% Sale Jan. 2V 28 71 Jan. 93 Jan. 3 25 9a Jan. 2c 26 Jan Jan Jan "4 10 Jan. 65% Jan. 60% Jan. 55 83% May 8 2ft 6 ft Oct. Oct. 19 59% Dec. 23 21»% Oct. 19 32% Oct. 22% Oct. 20 20 77 Jan. Jan, Jan. 61 69 65% Jan. 8 8 8 8 25 73% Jan. 114% Jan. 72 7 25 9a% Jan. Jan 18 67% Jan. 62% Jan 29% Dec. 30 ~29% 68 88 104 2 i09 Jan. Sale . jan. 108% Mar. 22 66 1,100,000 ..1955 280,000 Atlanta Gas Light 4V{s..l955 13 106% Nov. 12 Dec. 34% Jan. Sale 24% Sale 1938 Gonv deb 4%s Assoc Tel A Tel »%a A 81 20 56 Assoc Gas & Elec 106% 103% Jan. • 26% Jan. 66 Jan. 107% June 22 108% June 8 100% Jan. 26 95% Jan. 27 41% Jan. 4Ha series C..........1949 5 Ha 1977 1986 19!108% Jan. 19 105 ft. I 3l' ............ 5Us Ins ctfc 19 95 Jan. 14 20 105% Jan,- ft 191 99% Jan. 11 93 107 79 11 104% Apr. Oct. Oct Sale 106% 106% 106% Sale Jan. 71 Sale 1948 6a 102 102 82 Sale 104H Sale 17 K*; 90 Sale Sale Jan. Jan. 91% Jan. 86% Jan. American Power A Light Appalachian Power 4s 17 102 Sale 104H 13 15 69 Oct. 19 91% Feb. 17 92% Dec. 29 105% Jan. 21 2V Baldwin Locomotive Works 469,000 115,000 45,000 34,000 38,000 82,000 27,000 29,000 15,000 124,000 157,000 56,000 181,000 42,000 99,000 8,000 3,000 16,000 250,000 67,000 127,000 148,000 56,000 4,000 1950 947.000 ♦Convertible 6a 1955 1,197,000 Bell Tel of Canada 5a 1st II 5s ser B Jane 1 1957 802,000 5s series C .....1960 58,000 ...1998 237,000 Bethlehem Steel 6s 1,790,000 Birmingham Elec «%§ 1968 67 Sale 64 66% Sale Sale 112 % 120% 121% 119% 120% 120.% 115 Sale 112% Sale Sale 120 Sale 124 ..1959 123 123 H 141 98 H 85 309,000 Broad River Power 5s A..1954 98% 121% Sale 130 129% 130 79 81 81% 61 57% 56% 82 85 82%' Sale 913,000 Birmingham Gas 5s 935,000 2,040,000 2,130,000 247,000 3,280,000 927,000 1,331,000 419,000 447,000 Sale 87 99% Canada Nor Power 5s....1953 03 ♦Canadian Pacific Ry 4s. 1942 12 113 05 % Sale Carolina Pr A Lt 5s 1954 Cedar Rap Mfg A Pow 5s. 1953 Cent III Pub Serv «%• F.1947 5s series E ...1956 5s Series G...........1V68 4%a series H 1«81 Cent Ohio Lt A Pr 5s A.. 1950 Chicago Dlst El Generating 4%a series A 1974 4s series B.......... 103H 12H H2H 03% Sale \iva 11* 114 115 91% Sale 130 Jan 4 130 Jan 4 113 t Jan. 80 12 514,000 1956 Union Stock Yards 5s.. 1940 416,000 1,285,000 (♦Chic Rys 5s ctfs of dep.*27 41,000 874,000 1946 755,000 Cities Service 5a. Conv deb 5s.......... 1950 14,428,000 45,000 36,000 161,000 60,000 279,000 114,000 350,000 Cincinnati 6s series 428,000 Street Ry 5%al952 ..1955 B ........ 58 ... 5s 4 6? J-in. I 87 Jan. II Sale 103 Jan 19 103% Jan. 12 101 Mar. Sale 105 Jan 26 108% Jan. 98 Jan. 18 102 Oct. 13 91 87% Jan 114% 115% 114% Jan 90 Jan 90% Sale 94 97 97 Jan 96 Jan 95% 96% 31 28 115 26 93 J an. 6 Jan. 11 1,998,000 Gas 0%a.. 1942 407,000 390,000 487,000 Commonw Edison4%a... .1957 5s series A............ 1953 434.000 5s series B...^........ 1954 449,000 5.903,000 1,860,000 Bank 5%a ... 1956 4Ha series C 4s series 1937 V ... 1981 3%a series H.......... .1965 Com'w'lth Subsld 5Hs A.1948 28 99% Jan. 17 90 91 93 90 Jan 4 91 % Jan. 94 Jan. 6 18 88 70% Jan 19 63 Oct. 16 94 15 73 Oct. 19 99 14 Oct 72% Jan. 7 Oct. 19 18 Oct 19 72% Jan 75% Jan. 8 23 28 101% Jan. 03 % Sale 91 93 93% 95 93% Jan 10 Sale 66 67% 69 7 Sale 86% 37% 39% 44% 70 Sale Sale Sale 74 104% 106 99 99H 109% 111 80% 81H 100% 101% 104 Sale 78H 81 79 H Sale 6 102 % 102 H 102 X 103 % 75 % Sale Sale Sale 36% 41% Sale Sale Jan 28 41 Jan. 12 39% Jan 29 46% Jan. 17 33 105% 106% 105% 105% 105% Jan 109 107 105% 108 105% Jan 11 91% Sale Sale 84 92% 92 106% 106% 106% 47 44% 46% 85 89% 90 90 62 Sale 57 Sale 94 % 100 75% 76% 51 55 35 Sale 92 Jan 106% Jan Sale 45 Jan 47% 271 90 25' 41 5 106 Jan Jan. Jan. 12 107% Jan. 24 31 95 Jan. 11 Jail. Jan. Jan 28 90 Jan. 5 J an 31 14 51 % Jan Jan 31 63% Jan. 60% Jan. 56% Jan. 53% Jan 94% Jan 100% Jan 28 56 Jan. 99 28 102 Jan. 48 -.Jan 28 48% Jan 28 Sale 89 56 Sale 56 Sale Sale Sale 49% 106% Sale 106 % Sale 128 Conaol Gas of Bait 5a 1939 109% 111 124 % 127 71,000 395,000 14,000 18,000 53,000 50,000 739,000 8,036,000 51,000 11,000 177,000 119,000 45,000 12,000 4,000 16,000 454,000 Delaware Elec Pow 5HS..1959 173,000 Denver Gas & Elec 5s....1949 1,667,000 Detroit City Gas 5s B...1950 6s series A 1947 1,216,000 761,000 ♦Detroit Int Bdgs 6Hs..l952 ♦Ctfs of deposit... 430,000 ♦25-yr s f deb 7s 1952 349,000 ♦Ctfs of deposit 326,000 415,000 209,000 355,000 9,000 18,000 85,000 150,000 6,373,000 Eastern Gas A Fuel 4s A. 1956 1,685,000 Edison Elec Ilium 3H« 1965 2030 6.238,000 Elec Pow Be Lt 5s .1954 130 84 112% 112% 112H 112% 108 % H3H 114 114 113 Sale 106 Sale 87 ----- ----- ----- __— ----- 53 70 Jan 111% Jan 112% Jan 112% Jan Sale 104% Sale Consol Gas Utilities— 6s A stamped Continental G A El 5s ...1958 ....1940 461,000 Crucible Steel 5s 389,000 Cuban Telephone 7Hs—1941 1944 120,000 Cuban Tobacco 5s Cudahy Packing Co 3%8.1955 179,000 Rtmlra Wat Lt A RR 0s.. 1956 El Paso Elec 5s A 1950 314,000 935,000 Empire Dlst Elec 5s.._.._1952 2,360,000 Empire OH A Refining 5 Ha* 42 Ercole Marelli Elec 8,000 78,000 38,000 19,000 76,000 132,000 1.000 19,000 242,000 ....1943 31 94 % Sale 102% 103% 96 % 99 78 H 81 103 H Sale 107 108 % 105 % 106 106 H Sale 11% Sale 9% 10H iS 94 H 1083 933 1083 103! 38 Sale 108% Sale 113 104 % 103 % 92 % Sale 103 Sale 1953 1967 Federal Water Serv 5Ho. 1954 Finland Residential Mtge 6s stamped.... ...1961 166,000 628,000 Firestone Cotton Mills 5s.l948 473,000 Firestone T A R Col 5s..1942 26.000 First Bohemian Glass 7s_1957 17 5 1% 1 % 105 4% 3% 1% % Sale 104 Sale 101 Sale 64 63 Sale 105 H 106 91 91% 101% 102% 102 H 103 H 104 94 Sale 95 Florida Power A Lt 5s 1954 7 Jan. 8 Oct. Oct. 19103 19 104% 19 79% 19, 80 Jan. Apr Jan. Jan. 7 28 7 8 21 88 7 92 55% Jan. 55% Jan. 10 36% Oct. 10 36 84 28 Oct. 19! 16% June 7 i07% Apr 20, 110% Jan. 112% Jan. 25 70 Dec. 28 3 Dec. 8 9 112% Dec. 12 113% 110% Jan. 4 113% Sept. 1 7 100% Mar. 17 107% Dec. 8 Jan. 5 99% Oct. 19 104% June Jan. Jan. 15 56 Oct. 19 8 8 21 86 Dec. 28 101 3 67 4 97 61 96 Jan 50 Jan Jan 94 67 106% Jan 61% Jan Jan Jan 107% Apr. 10 112% July 23 19 108% Dec. 30 Oct 90% Jan. Jan. 6 Jan. 123% Aug. 30 130 105 July 20 109% Jan. 118 Apr. 28 125% Jan. 13 ft 11 9 104% Feb. 3 8 106% Jan. 22 122% Jan. 31 105% Jan. 19 98% Apr. 65% Jan. 80% Jan. 12 60 10 60% Oct. 19 98] 99% Oct. 14 104] 92 Nov. 8 101 103% Jan 102% 104% 104 101 101% 103 29 103 24 100 24 28 4 Jan. Jan. 18 54% Jan. 96% Jan. 13 3 103% 6 109% 7 Oct. 52 Oct. 13 19 14 106 18 97 5 Jan. 13 4 Jan. 6 14 14 1% Jan. 1% Jan. 3 79% Jan. 14 28 108 Jan. 28 71% Jan. 18 7 19 Mar. 13 Jan. 19 933 July 3ft July 20 80 Jan. 22 25 Jan. Jan. Jan. Jan. 6 102% 4 105% 18 3 3 104% 3 102% Jan. Jan. 21 11 109% Mar. 13 106 j May 12 107 J Apr. 39 13! Jan. '/ 12% Jan. 3 4% Mar. 2 4% Mar. 2 Jan. 97% Oct. Oct. Oct 4 _ 3% Dec. 1 5 14 105% Jan. 98% Oct. Dec. % Dec. Dec. 64 95% Jan. 109 8 27 115 Feb. 104% Oct. 103% Jan. 93% Jan. Dec. 100 22 Jan. 96% Jan. 100% Mar. 57% Oct. 102% May li 6 84 87 88 Sale 84 Jan 5 90 Jan. 13 84 Dpc. 71% 73% 73% Sale 73 Jan 4 78% Jan. 14 65 Oct. 55 65 53 55% 53% Jan 103 Jan Sale 26 55% Jan. 14 54 Oct, 13 103 Dec. 73% Feb. 16 108% Mar. 62 Dec. 13 93% Jan 13 104% Dec. 7 15 105% Dec June 17 105 96 Jan 11 19 103% 67% Sale 103% Sale 63% 65 103 Sale 102% 104% 105 H 104% 105 105 105% 106 H 104 ----- 94 100 85 % Sale 94 80% 100% Sale Jan. 83 28 104 105% Jan Jan Sale 82 19 .102 14 68 Sept. 19 Oct. 45 42 Jan. Jan. 1(> 1ft 4 27 Sale Sale 10 14 Feb. Jan. 15 108% Jan 102% 100% Jan Sale 103% Jan 4% 4% Jan 3% Jan 4 1% 1% Jan Sale % Jan 67% Sale 74% 107% 107% 107% 4 Jan. Jan. 100% Jan 5 Jan. 22 112% 100 100% Sale 109 108% 100% 101% 102 104 105% Nov. 17 110 39% Dec. 27 84 86 Dec. 17 101% 87 Dec. 16 105% 24 109 Jan. 5 106% Jan. 26 4% 4 1% % 9 Jan. 6 100 91 % Dec. Jan 68% Jan 101% Jan 103 Sept. 22 June Jan Sale 78 68% Sale 101% 102% 101% 103 101 % 97 96% Sale 50 54% 50% 55 94% Sale 102 7 11 113 Jan. 4 112% Jan. 20 ----- 63 8 Jan Florida Power Co 4s C...1966 4,793,600 60 52 % 29 Mfg 6Hs 153,000 291,000 Erie Lighting5s.... 1,006,000 62 103% Apr. 1 107 104% Mar. 23 107 ft 18 107 103% 105 103% 103% 103% Jan 60 Sale 59% Sale 59% Jan 94 % 95% 96% Sale 94% Jan 127 .128 126% 132 106 106% 108 106% 105% Jan 122 Jan 120% 125 122% Sale 103% Feb. Jan. 112 Consol G E L A P Bait— 1971 11 26 89% Sale Jan. 25 Jan Sale Sale 1Q6% Jan. 87 84 51% 25 27 26 90 80 Sale 94% 101% 101% Sale 48% Sale 48% 70 110% 111 % 110% 110% Oct. 31 31 40 105 104% Jan. 0 103% Jan. 2ft 104% Jan. 2ft Oct. 87% Oct 36 52 % 52 H 111% 112 110% 110 95 66% Jan 83% Jan 35% Jan 53 54 100% 101H 3H* series N 2 99 1951 4H S 86% Oct. 99% Oct. Sale Conn Ltg A Pow 7s A 1,061,000 12 Jan. 88 Community Pub Serv 5s A1960 3,000 Jan. 113% Dec. 21 104% Jan. 18 98 Community Pow A Lt 5s. 1957 170,000 25",000 Aug. 81 99 103 Sale 85 H Sale 1,547,000 1.712,000 974,000 24,000 141,000 115,000 80,000 73,000 62,000 8 104% hi }05^ Sept 111% Feb. 18 14 22 1ft 21 Sale ♦Commers und Privet 18,000 8,000 18,000 9,000 9,000 173,000 58,000 Jan. 88% Jan. 101% Jan. Sale 1969 Cities Service Jan. Jan. 99 103 04 1958 678,000 Cities Serv Gas Pipe L 6s. 1943 4,555,000 Cities Service PAL SMi. .1952 5 Ha gold deb 1949 2.673.000 145 26 Chicago Junction Rys A 29,000 80,000 24,000 30,000 125 Oct. 73% Oct. 56 Dec. 83% Dec. 02 .1941 4series A 114% Mar. Jan Chicago 111 Midland Ry— 15,000 Mar. Mar. 55% Jan Sale 74 Nov. 12 115% Jan. ft 124 Jan. 9 Nov. ' 128 Jan. 80 59 110 82 . 103% 103% 103 106% 107 105% 88 96% Sale 12 18 2b 7 121% Jan. 28 121% Jan. 03 H 695,000 Central Power 5s ser D..1957 1956 6,014,000 Central Pow A Lt 5s 1948 2,110,000 Cent States Elec 5s 5%» 1954 3,924,000 2,114,000 Cent States Pr A Lt 5%s.l953 789,000 68,000 145 H4 81 100 81 Sale 65% Jan 102% Jan 24 105 25 Jan. 71% Jan. 22 JLUO 103 11 Jan. 31 11 101% Jan. 102% Oct. 103% Aug. 93 Sept. 4 5 4 ft 13 103 Jan 4 Jan 13 105% 05 13 105% 05 Jan. 103 Jan. 10 95 Jan 21 95 Jan. 21 80% Jan 28 26 83% Jan. 4 87% Jan. 25 79 4 72 Oct. 100% Jan. 4 89 Jan. 20 82 31 104% Jan. 3 101% Jan. 6 99 96 Oct.1 lb 101% Jan. Sept 25 104% Jan. Oct. 22 102% Jan. 21 10 5 96 Oct 21 Jan 91 3 16 Gary Else A Gas— 31,000 229,000 .21,000 1,176,000 3,239,000 489,000 30.000 483.000 5s ext stamped ........1944 Gatineau Power 5s 1956 4s 1941 *>» series B For footnotes see page 53. 1941 101 103 101 99*7 Sale Sale 101% inn 83 84 H 84 83 Jan. 85% 103% Sale 103% Sale 103% Jan. 101% Sale 101% Sale 101% Jan. 101% 101% 101% Sale 101% Jan. 7 4 101% . Jan. . ft 2ft .. - 20 101% Jan 1!)':{8] FEB., NEW CURB YORK AQQREOATE SALES In . January % PRICES IN JANUARY NEW YORK CURB EXCHANGE 12 Months 1937 119,000 1,076,000 5,400,000 590,000 102,000 Pub Serv Go 5a 1953 Pub Utilities 614s A .1956 ♦Gen Rayon Ltd 6s A....1948 Gen Wat Wks & El 5s A..1943 1967 Georgia Power ref 5s Georgia Pow A Lt is 1978 3 Jan. 1937 BONDS (CosUattfd) 251,000 Gen Bronse con* deb 6a. 1940 127,000 Gen 1,303,000 Gen Bid Jan. 31 Ask Bid 73 75 67 70 70 8734 7034 90 72 7634 75 84 68 94 104 87 Sale I0,* 95 Sale 72 IVA fl? 8* 5s series A............1948 68 7034 206,000 Hackenaack Water 5s A..1977 217,000 5s 1918 103 10434 10534 Sale 26 28 "7634 Sale" 10554 99 29,u00 2,000 16,000 17,000 96,000 696,000 253,000 470,000 ♦Hamburg Klec Go 7a 1955 ♦Hamburg E 8c Und Ry534«'38 Heller (W E) 8c Co 4s w w. 1946 Houst Gulf Gas 6Hs w w. 1943 100 101 4.000 15,600 2,000 17,000 45,000 76,00o 147,000 422.000 41,000 2,000 102,000 12,000 14,000 16,00u 27,000 56,000 20,000 19,000 1943 ser A..1949 1949 362,000 Illinois Nor Utll 5s 1957 1,541,000 Illinois Pow 8c L 5 34* 1957 1,165,000 5 Ha series "B" 1954 2,898,000 6s series A 1953 3.584,000 5s series G 1956 580,000 Indiana Else Corp 6s A..1947 154,000 6Hi series B ,.1953 1 935,000 Ss series C....... ..1951 23.000 362,000 113,000 277,000 1,306,000 767,000 255,000 103 1st Ilea 8c ref 5s 1963 219,000 28,000 2.709.000 Ind'polls P 8c L 5s ser A..1957 419,000 (at Pow Sec 6Hs series G.1955 9,000 4,0w0 74,000 443,000 160,000 314,000 7s series E............1957 221,000 7s series F .........1953 255,000 Internatioaal Salt 5s....1951 6.183,000 Interstate Power 5s.....1957 2,285.000 Debenture 6a.........1952 65 Jan. Jan. 14 12 15 74 Oct. 10 58 Oct. Jan. 61 92 64 Jan. 31 5634 Jan. 3 90 3 Jan. 107 65 Jan. 60 Jan. 7134 Jan. 63 8934 Jan. 8934 Feb. Jan. 16 3 21 65 8 Jan. 28 Jan. Jan. 20 67 43 12 28 4 10634 Jan. 26 102 Jan? 3 8534 Jan. 13 8334 Jan. 10 88 Jan. 19 81 18 99 Jan. 18 9534 Nov. Jan. 26 103 27 10334 Jan. 22 97 Dec. 25 Oct. lu534 Jan. 78 62 65 108 10634 1^8 9634 Sale 79 83 105 54 10534 90 9134 10534 106 96 104 8434 Sale 8434 Sale 88 9334 7234 Sale Sale 10234 Sale 105 10534 Sale Sale 7634 Sale 8134 8234 Sale 30 83 8434 9934 9734 100 9834 102 10234 10334 101 10334 104 25 17 6034 6034 6234 6234 10734 109 74 7634 8934 Sale 99 Jan. 10134 Jan. 10334 Jan. 62 Jan. 3 6134 Jan. 28 10734 Jan. 7534 Jan. 8834 Jan. 63 Jan. 15 6234 Jan. 7 Jan. 5 108 27 8534 Jan. 28 9434 Jan. 8 11 106 74 26 100 1^ 72 Jan. 12 9134 Jan. 12 79 Oct. 4 89 Jan. 12 82 Oct. 90 Jan. 27 91 Jan. 19 72 Jan. 3 78 Jan. 12 85 H Oct. 70 Oct. Sale 10834 10834 10834 Jan. 80 83 7934 Sale 7934 Jan. Ill 11134 Jan. 11134 10634 10734 10734 10734 10734 Jan. 53 51 5634 Jan. 5134 54 55 Sale 5134 54 5034 Jan. 44 55 Sale 4934 Jan. - 10534 Sale 10534 Jan. 5^34 Jan. 6 10834 Jan. 81 Jan. 15 18 11134 Jan. 20 29 10734 Jan. 25 58 Jan. 14 24 8 10 16,000 102,000 371,000 13,000 5.000 31,000 55,000 29,000 25,000 39.000 12,000 154,000 49,000 88,000 63,000 114,000 7,00(, 19,000 9,000 43,000 77,000 46,000 23,000 5,000 25,000 88,000 77,000 41,000 52,000 89,000 68,000 16,000 ,13^000 998,000 5a series D .........1956 1,577,000 434« series P 1958 1,100,000 Iowa-Nebraska LAP 5s.. 1957 341,000 189,000 979,000 401,000 51,000 5s Series B............196I Iowa Pow A Lt 4H* A...1958 1957 Iowa Pub Ssrr 5s Isarco Hydro-El 7s 19,000 53,000 149,000 42,000 25,000 32,000 21,000 ...1942 527.000 JacksonrtlleGas 5s stmpdl942 541,000 Jersey Gent P A L 5s B...1947 2.108.000 4Hi series G 1961 108,000 Kansas El Pow 334*—...1966 169,000 Kansas Gas A Blec 6s 2922 584,000 Kansas Powsr 5s A......1947 1,324,000 Kentucky Utilities 5s....1969 1.184,000 5s.. 1961 487,000 6H* series D 1948 188,000 IHi series F 1955 505,000 Lexington Utll 5s 1952 1,125,000 Llbby McNeill A Llbby 5s 1943 478,000 Long Island Ltg 6s 1945 2,119,000 Louisiana Pow A Lt 5s...1957 119.000 ♦Manitoba Power 5(go... 1951 ♦Mansfield Mining A Smelt— 12,000 7s Ex-warrants 1941 145,000 Marlon Reserve Pow 4Hi 1952 341,000 McCord Rad A Mfg 6s 1943 19 10854 3 101 7734 Dec. Feb 24 11134 10554 Mar 17 10754 45 Oct 19 7934 10614 AUR. 109 H Jan. 7 48 Oct. 19 78 Jan. 7 64% Jan. 14 43 Dec. 29 8234 Jan. 7 4 21 54 62 57 Jan. 17 52 53 54 61 57 107 Jan. 17 Jan. 17 5334 Nov. 30 Jan. 18 10834 Jan. 28 48 Jan. 28 2834 Jan. 7 105 17 32 Jan. 1,107,000 Memphis PAL Ssaer A..1948 1,105,000 Men gel Go 434* 1947 816,000 Met Edlaon 4s series E 1971 48 series G 140,600 7,000 18,000 11,000 54,000 102 10334 105 103 H 104 10534 106 10534 10534 726,000 9934 15 1st A ref 5s 10534 Sale' Sale Steamship 57 10354 Mar. 12 10654 Apr. 21 28 w W..1937 319,000 Nebraska Powsr 6s ...3022 638,000 4Hs 1981 403,000 Nelaner Bros Realty 6a.. 1948 317.000 1956 5s stamped........... 1942 1940 ♦6s series A For footnotes see page 53. 33 Sale 3634 3734 10434 10534 104 34 105 103 103 34 10234 Sale 99 11434 Sale 100 Sale 7534 Sale Jan. 28 Jan. Jan. Jan. 693<4 9834 27 9634 5 10634 26 10234 18 13 62 Oct. 19 96 Jan. Jan. Jan. Jan. Jan. 19 5834 Oct. 19 88] Jan. Jan. 17 104 < Feb. Jan. Jan. 71 Oct. 19 Jan. 3234 Oct. 20 33 Jan. 104 34 Jan. 25 3634 Jan. 26 106 Jan. 25 10534 Jan. 26 3 13 97 Jan. Jan. 12 90 9534 Jan. 9334 Jan. 82 Sale 82 31 93 Sale 102 Sale 95 103 9634 104 Sale 96 27 103 29 Sale 20 Sale 10334 Sale 75 — 94 91 Jan. 3 6 Jan. 12 10334 Jan. 75 Jan. Jan. 9734 Jan. 10334 Jan. 98 "9734 83 Sale 9334 88 91 81 "9834 65 19 93 85 Oct. Oct. 20 1071 4 6 93 Mar. 7 9934 Oct. 18 34 Mar. 93 94 1234 Sale 10534 Sale 10234 10234 93 9334 48 Sale 12434 129 10734 10834 10934 HO 9634 9634 12034 121 78 7854 7834 Sale 7834 Sale 92 95 83 Sale Jan. 6 Jan. 8 July 30 105 106 107 Jan. Feb. 1 105 Jan. Oct. 22 7934 Jan. 11 87 20 2234 May 6 2734 Aug. 17 9534 Dec. 15 101 Aug. 20 5 9834 Jan? 20 83 Jan. 17 81 93 Jan. 4 76 81 Jan. 25 77 17 Jan. Jan. 3 10634 Jan. 24 Jan. 25 10634 Jan. 8 May 10654 May 14 10234 Oct. Jan. 7334 75 4434 Sale 11434 118 10934 112 90 93 7134 Sale Sale July Nov. 3 104 Oct. 22 104 Dec. 29 118 7934 Sale 70 Sale 28 8834 Jan. 10 Jan. 4 28 8034 Jan. 6034 Jan. 11 9534 Jan. 9234 Jan. 25 Jan. Jan. 31 75 Jan. 28 87 3 100 6 10054 Nov. 75 Jan. 30 5 Feb. 13 3 10734 Jan. 19 18 6234 Dec. 29 13 86 95 Jan. 12 68 Jan. 21 78 107 Oct. ,Oct. Oct. 14 110 Jan. 6 18 68 Jan. 20 4 93 Jan. 24 91 18 434 Jan. 24 84 88 11634 11834 11434 116 56 57 5634 Sale 57 Sale 10034 Sale 7834 Sale 10134 10134 81 Sale 48 Sale 4634 Sale 4734 Sale 78 7934 7934 Sale 10134, 102 92 ,8734 103^ 9234 88 Sale 10834 10934 10534 106 10234 Sale 11234 113 102 10334 86 96 87 Sale Jan. 31 95 Jan. 4 7934 Jan. 6934 Jan. 26 28 8634 Jan. 7634 Jan. 4434 Jan. 13 17 19 28 115 7 6 12 88 22 69 Jan. 70 Jan. 28 7334 Jan. 27 118 19 8 16 110 Jan. 4 12 16 22 22 Jan. 13 Jan. 31 5734 Jan. 13 Apr. 4734 Oct. 3 12134 Jan. 19 84 54 Jan. 46 Jan. 31 57 Jan. 13 45 4634 Jan. 29 19 19 5734 Jan. 12 44 Jan. 4 85 Jan. 10 87 Jan. 12 27 10234 Jan. 85 84 79 29 7 Jan. 48 7934 Jan. 10234 Jan. H 9934 Jan. Jan. Jan. Jan. Jan. 27 78 Dec. 29 101 8034 Dec. 29 102 89 34 63 90 89 Jan. 5 22 85 Oct. 27 65 99 65 Jan. 28 7134 Jan. 10 60 Oct 19 97 9834 Jan. 21 99 Jan. 26 80 95 82 27 82 Jan. 27 10834 'Jan. 29 9734 Jan. 27 21 11234 Jan. 8 10434 Jan. 21 29 11 100 54 14 -75 104" 6 Jan. 12634 Jan. 21 110 1 May QQ 10734 Sale 9 1434 Jan. 51 9034 Sale 6734 70 100 12 10754 Feb. 9734 Jan. Dec. Oct. Oct. Oct. 17 Nov 107 Dec. Oct. 113 88 5 75 6634 Nov. 44 May 10634 Oct. 10634 June Jan. 24 10934 Jan. 26 9334 Jan. 11534 Jan. 3 95 71 21 10034 Feb. Dec. 234 Oct. Mar. 99 54 Jan. 15 10034 Jan.; lb 10954 Dec. 28 6534 Dec. Jan. Jan. Jan. 106 Nov. Feb. Jan. 99] 97] 106J4 Feb 10254 Jan. 8754 Dec. 14 Jan. Dec. Jan. 44 Jan. 4434 4534 11434 119 11434 Jan. 10834 Jan. 10934 Sale 7034 Sale Jan. 20 27 4 Jan. Jan. 91 29 26 10434 Jan. Dec. 334 Jan. 91 1( 1( 21 7 Jan. 334 Sale if 4 97 7934 Jan. 88 9034 Sale 90 88 99 Sale 9834 Sale 9834 7034 7234 6534 Sale 6534 84 34 86 83 83 8434 109 10954 Sale 10934 109 64 34 6734 72 67 6534 90 9334 93 9434 it 2i 101] 111] 26] 10154 Nov. 97 Sale 19 103] 24 25 82 81 8834 104 10434 Sale 105 10534 Sale 8034 96 7534 5334 5734 5334 Nov. Jan. 99 87 Dec. Jan. Jan. Jan. Jan. Jan. Jan. 99] 99] 10 I June 22 99 Nov. 3 121J 19 13 23 Feb. (j Dec. 16 Jan. I Feb 23 Feb. I Feb. 1 Jan. 2C Apr. 25 Jan. It Oct. Oct. 17 23 Oct. 26 56] Mar. 9 105] Oct. 19 105] 1041 75 84 81 9734 9354 11034 98 6534 80 71 8 22 ■ 81 104 93 Jan. 9534 Sale 10034 Jan. 10334 10234 Jan. 5 17 93 Sale 99 25 87 Jan. Jan. 35 103 15 11434 Jan. 28 Jan. 99 11 18 3 10134 Jan. 79 29 Jan. 29 8034 Jan. 73 Sale 1 104] July 5 106' 10454 Apr. 9854 Nov. 26 1051 54 Oct. 19 795 78 95 94 92 43 74 95 June 63 90 10234 92 21 Feb. Jan. 4 10234 Jan. 81 19 21 5 Jan. 8 10 Mar. 20 109 May 25 Oct. 19 7634 Jan. 18 Oct. 19 6954 Jan. U Jan. 71 23 8334 Feb. 39 97 9834 9734 Jan. 11434 117 11434 Jan. 99 34 10034 9934 Jan. 70 73 7134 Jan. 9434 10034 77 19 Jan. 97 29 20 78 77 2334 73 31 Jan. Jan. 95 64 Sale 64 9434 9434 10634 9834 5834 75 Serv— 1950 97.000 N Y Cent Elec 5Hs 315,000 N Y Pa A O RR 434* stpd.1950 3,723,000 N Y P A L Corp 1st 4 Ha..l967 1980 2,319.000 N Y State BAG 434* 76.000 N Y A Westchester Ltg 5s '54 U 2004 411,000 256,000 Nippon Elec Pow 6Hs._.l953 925.000 Nor Amer L A P 5Hs A...1956 ... Sale 64 6734 Jan. 31 Oct. Oct. Line 330.000 Nassau A Suffolk Ltg 5s. 1945 1,208,000 Nat Pow A Lt 6a"A" 3026 Deb 5s series B 2030 2,722,000 1,576,000 {♦Nat Pub Serv 5s C O D.1978 1,026,000 43 7834 80 4134 Sale 81 "9934 166" Orleans Pub 60 75 Sale Sale 62 60 Sale 106 Sale Sale 78 106 >4 1955 Sale 58 78 104 100 Sale 72 75 103 45,000 {♦Missouri Pub Ser* 5s A 1960 433.000 Montana Dakota Utll 6 Ha *44 ♦6H« ctfs of dep 10234 103 9534 ioi" 10834 690,000 106 34 23 1,095,000 Mississippi Pow 5s ...1955 1,973,000 Miss Power A Light 5s...1957 378,000 Miss River Power 5s 1951 New 5,000 289,000 159,000 10334 9734 Sale 9834 Sale 107 107 64 9434 94 34 9634 Sale 10634 95 98 Sale 103 709,000 Milwaukee G L 4HS.....1967 1,274,000 Minn Pow A Lt 434* 1978 20,000 215,000 6,000 Sale 85 Sale 5334 5434 10334 10434 10534 Sale 1943 574,000 New Amsterdam Gas 5s.. 1948 2,789,000 New Eng G A Elec Assn 5sl947 5a 1948 1,123,000 1 Gonv deb 5s..........1950 2,996,000 3,219,000 New Endl Pow Assn 5s...1948 Deb 5Ha 1954 3,300,000 3Ks series A 1961 44,000 53,000 10534 Sale Middle Sts Petrol 6 Ha A.1945 904,000 Midland Valley RR 5s 2,277.000 Nevada Calif Rlec 5s 341,000 190,000 145,000 8,000 10534 105. 6734 Sale 97 96 1965 120,000 79,000 104 6934 Sale 63 34 6634 9 A 7 58 64 24 8 Dec. June Jan. 10 ,65 4134 Jan. Dec. 21 Jan. 22 59 8634 8734 10334 104 98 20 14 60 Sale 102 22 Sale 91 121 Jan. 10634 Jan. 17 5634 Jan. 19 6034 Jan. Sale Sale 66 70 55 !9 105 25 10634 Jan. 19 99 Jan. 57 Lake Superior Dist Power— 761,000 334* series A..........1966 10134 Sale 2,514,000 Lehigh Pow Secur 6s 3036 11034 Sale OQ 22,000 ♦Leonard Tlets Inc 7HS-1946 Munson 40,000 1952 Isotta Fraschlnl 7s 2,389,000 Italian Superpowsr 6s... 1963 Aug. 11 Jan. 21 Jan. 11 Feb. 4 Jan. 8 56 10734 Sale 4134 Sale 2534 Sale 9 IB 108 9954 10634 19 10634 19 10434 58 69 104 4 55 10734*109 4334 Sale 2534 Sale 8834 Feb. 8634 Feb. 19 71 76 10734 10734 3334 Apr. 13 Nov. 26 Jan. Internets Public Service 64,000 100,000 63,000 53,000 17,000 42,000 30,000 3,000 248,000 Jan 83 9134 13 6034 Dec. 13 Dec. 28 94 88 1 Jan. 12 Feb. 9 Sept. 8 Aug. 19 104 H Feb. 4 10334 June 10534 Sept. 63 8434 Jan./ 3 Jan. 15 29 Sale 8334 Oct. 10954 10234 3734 2734 Dec. 8334 Oct. 84 34 Oct. 83 7534 Jan. 107 Jan. Sale 87 19 2034 Mar. 25 Sale 10634 Sale Oct. Apr. Dec. Nov. 23 7634 5 7 10734 Dec. 29 Dec. 27 9434 Jan. 23 Oct. 19 62 Jan. 22 3734 Jan. 25 2134 84 19 Nov. 29 105 10654 Jan. 5 56 Jan. 30 Oct. 5434 Dec. 28 88 53 2234 5 60 14 12 33 32 12 6 27 3 35 Sale 29 3134 Dec. Jan. Sale 80 13 9 Jkn. 30 Mar. 22 Jan. 19 10534 Jan. 18 88 Jan. 9234 Jan. 4 10734 Jan. 56 ----- Jan. Jan. 2134 Mar. 27 ----- Sale Dec. 30 10134 Dec. 8 10434 19 9934 22 77 20 97 68 6 32 10634 82 Jan. 75 78 53 - 74 6 8834 Jan. 5 38 62 73 62 6 12 5834 Oct. 7034 Jan 7234 Oct. 1^ 28 50 80 105 69 72 74 Jan. 7834 Jan. 36 79 77 Jan.■ 107 55 74 77 H 96 75 Sale 5834 9034 10734 Sale 78 10734 9934 100 10934 110 5s...........1955 10434 106 ♦Indianapolis Gasfs A.. 1952 Sale Sale Indiana Gen Berries 5s.. 1948 Indiana Berries 5s.......1950 Sale 90 17 Indiana Hydro-Elec 5a A. 1958 Indiana 8c Mich El 5s 1957 1st 8c ref 68 57 10034 104H 10434 106 78 80 Jan. Jan. 100 Houston Lt 8c Pr 3Hs 1966 10.000 ♦Hungarlan-Ital Bk 7 Ha. 1963 655,000 Hygrade Food 6a 144.000 6s series B 75 6634 444,000 Hall Printing 6s A stpd.. 1947 74 64 39,000 1,352,000 8734 Jan. 27 3134 107 34 109 8734 90 58 61 26,666 73 29 Jan. 3134 Great North Pow 5s stpd 1950 104 54 24 Jan. 67 75 63 11,000 5,000 13,000 86 54 Sale 85 88 Jan. 81 6734 Sale 74 7634 65 60 104 Grocery Store Prod 6s...1945 Guantanamo A W Ry 60.1958 Guardian Investors Corp— Highest Sale Price* 105 Grand Trunk West Ry 4s 1950 ...1965 Lowest Sale Prices 10034 95 H 480,000 941,000 42,000 303,000 144,000 deb«34« -.1941 Highest Sale Prices 104 3,196,000 6s 1937 Lowest 100 44,000 66,000 7,000 YEAR Sale Prices Ask 77,000 Gobel (Adolf) Ask Bid ♦Gesfuerel 6s..... ......1953 Glen Alden Goal 4s RANGE FOR Price Jan. 2 $ 26,000 7,000 66,000 2,000 23,000 426,000 26,000 51 EXCHANGE Jan. 107 Sale 10634 Jan. 9234 Sale 93 Sale 9134 Jan. 11234 11234 11234 Jan. 104 10434 104 10434 103 34 Jan. 53 53 34 Jan. 5834 65 60 74 77 75 Jan. 7734 78 5 91 Jan. 5834 Jan. 8034 Jan. 7 14 10 RS* 92 Jan. Jan. 22 7 12 21 22 Nov. 23 10454 Feb 3 Nov. 22 10934 Jan. 15 101 10454 Oct. 19 10834 Dec. 27 Dec. 17 104"" Jan. 27 90 99 11034 Apr. Apr. Oct. 1 113 9 104 27 86: Dec. 29 100 Dec. 17 Nov. 12 Feb. 5 Jan. 20 AGGREGATE ' In January 546,000 226,000 797,000 883,000 1,233,000 30,000 1937 ' Nor Cont Utll 5%« A 1952 Jan. Ask Nor Ind Pub Sarr 8*——1966 5s series D.« 1969 AlXm 1970 R Bid 37 1948 Nor Indiana GAB 107% 108 105% Sale 105% Sale 103% 103 % 3 41% 477",606 Northwest Elec 6s 985,000 Nor'west Pub Serv 6s A.-1957 104% 99 Sale 97 Sale 92 % 105" 103% 1053? 104% lo.i 85% Ask 107 89 97% 95 90 ' 97 96 92 90 29,000 34,000 129,000 Pacific Coast Power 5S...1940 1941 818,000 Pacific Gas A £1 6s B Pacific Investing 5s A...1948 Without warrants 425,000 57,000 Pacific Ltg A Pow 5s 1942 3,186,000 Pacific Power A Light 5s.1955 69,000 Palmer Corp of La 6s....1938 105H 106 % 119 120% 116 101% 102 % 115% 118 87 % Sale 102 % Sale 86% 89% 86% 90 112% 115 11254 115 61% Sale 61% 64 102 100% 101H 101 2,000 172,000 Park Lexington Bldg 3s..1964 1977 3,046,000 Penn Cent Lt A Pow 5s. ...1979 269,000 1,419,000 Penn Electric 4s aeries F.1971 13,000 110,000 20",000 88 76 79 73 Jan. 99 25 Jan. Jan. 17 , V xtfcf* i, — - «•>«, - 25 104% Jan. 6 90% Jan. 18 28 101% Oct. 19 105% Jan. Jan. 3 107 29 106% Jan. 11 19 14 105% Jan. 104% Jan. 26 15 17 92 Jan. 13 79 5 80 Jan. 11 72 92 , 20 105% Jan. 1 108 Jan. 113% Oct.. 19 119 Jan. Oct. 24 86% Jan. 26 88 .Jan. 14 60 Jan. 27 67 Jan. 51 101 Jan. 14 101 Jan. 10 14 34% Jan. 19 30 Oct. Jan. 19 83 Dec. 30 105% Jan. 95 Oct.. 24 102 103% Jan. 116% Jan. Oct. 84 111% Nov. 33 Oct.. 22 102% Jan. 4 117 19 38 90 95 91 Sale 83 85 83 Jan. 87 Jan. 13 84% Nov. 23 103 94 99 93 Sale 92 Jan. 96 Jan. 10 89 Oct. 89 Sale 88% Jan. 92% Jan. 106 107% 106 101 104% 100 108% 107% 108 91% Jan. 107% Jan. 103% Jan. 8 15 17 80 105 Oct. Jan. 10 105 Sale 108% Jan. 21 107% Dec. 83 85% Sale Jan. 3 88 95 27 23 4 8 16 . 99% Mar. 17 103 19 19 14 31 25 19 11 Jan. 28% 83% Sale 31% Jan. 4 7 26 30 93% Jan. 86 105H Sale 105% 105% Jan^"23 102% Jan. 116% 115% 116% 115% Jan. 104 % 102% 103% 12 - 19 111% Jan. Nov. 20 108 Feb. 11 106% Dec; Oct. 22 100% Jan. Nov. 26 108% Jan. Jan. Deci 29 100 103 98% Jan. 16 Jan. Dec.'29 105 81 5 . 69% Jan. 108% Nov. 19 107 101% Oct. 104% Jan. 26 Jan. 73 93% Jan. 27 100 Jan. Aug. 21 Nov. 105% Jan. Jan. 6 2 lb 9 1950 Penn-Ohlo Edison 6a 542,000 Without warrants... 737,000 5He series B ...1959 385,000 Penn Pub Serv 6a G..... 1947 220,000 5a series D............1954 129,000 Penn Water A Pow 4%a..l968 524,000 5s... 1940 105% 105% 1,712,000 {♦Peoples Lt A Pow 5a.. 1979 27 96,000 \ 2,000 1.595,000 Pkila Elec Power 5 Ha 1972 247,000 Phlla Rapid Transit 6S..1962 109 96 111 62 106 Sale l.fi}61.000 Sale 28 16,000 78,000 20,000 8,000 7,000 35,000 62,000 18,000 76,000 * 103 88 19 27 19 20 20 29 Jan. Jan. Sale Oct. 35 106% Jan. 95 Oct. 19 ^95ev Oct. 14 ;1j89%*Oct. 26 100 103% Jan. 105% 104% Sale 105% Jan. 105H Sale 106% 107 104% 106H 104% 106% 104% Jan. 96 Jan. 97 H Sale 96% Sale 89 70 Highest Sale Prices 31 Jan. 103 110% 110H 105% 105 % 104% 104 % 99 H Sale Sale 103! Sale 94! 9,000 Sale Prices Jan. 5 26 40 Jan. 21 28 108 97% Jan. 97% Sale 103 103% 102% Jan. 90 Sale 86% Jan. 698.000 Ofiden Gas Ga 6s 1945 472,000 Ohio Power 5s series B...1952 503,000 IHi series D ..1956 2,067,000 Okla Nat Gas 414a A 1951 Conv deb 5s...........1946 2,466,000 723,000 Okla Pow A Water 6s A.. 1948 148",600 Sale Prices 98 97% 63,000 29,000 45,000 123,000 68,000 15,000 Lowest Sale Prices Highest Lowest , 35% Jan. 105% Jan. 35% Sale 105 107% 88 Jan. 31 ■;/ Ask Bid Nor States Power 3%s 1967 stpd__1945 YEAR 1937 Jan. 2 Bid BONDS (Continued)-— RANGE FOR Price NEW YORK CURB EXCHANGE $ 34,000 EXCHANGE PRICES IN JANUARY SALES 12 Months 1937 154,000 57,000 152,000 52,000 44,000 21,000 CURB YOEK NEW 53 Peoples Gas Lt A Coke 4s B'81 4s series D_.__........1961 Hydro-Electric Co 6H> series A..........1960 68,000 Pittsburgh Coal 6s......1949 553,000 Pittsburgh Steel 6s......1948 101,000 'Pomerania Elec Co 6s..-1953 104 % 105 106 Sale 106 106 105% 106 110% Sale 98 % 99 27 % 97 89 106% 102% 108% 107% 87% 107 Sale 8% Sale 111 73% 109 . 109 Sale 76% 86% 88% 8 112% 76 Sale 91 Jan. 18 Sale 90% Jan. 10% Jan. 25 12 Sale Ill Sale 79% 78 Jan. 56 Jan. Jan. Jan. 106 Mar. 9 105% Jan. 22 109 Apr. 23 106% Jan. 25 109 Dec. 18 111% Jan. 19 100 Jan. 15 May 100% May Mar. 76 Oct. 5% Oct. 19 30% Jan. 18 Oct. 6 108% Mar. 18 113 99% Mar. 15 73 Dec. 22 3 112% Jan. 4 78 Jan. Piedmont 929,000 35,000 5,000 26,000 5,000 29,000 40,000 1,000 15,000 5,000 5,000 73,000 675,000 Sale 105% 21H 57 105 59 108 60 106 27 52 60% Jan. 19 Jan. 25 18% Apr. 56 Sale 50 60 Sale 48 Jan. 106 Sale 107 110 Sale 106 Jan. 1961 106 W6 X 107% 110 108 107% Jan. 210,000 Potrero Sugar 7s stamped 1947 241,000 Power Corp of Can 4Ha B 1959 21,000 'Prussian Elec 6s........1954 Jan. 101% 100% Jan. Sale 20% Jan. 96 15 24 5 100 Jan. 27 7 31 421,000 4He series P 56 76% Sale 59 99% 100% 21 20% Dec. Oct. 7 107 26 100 ~78% 787,000 Portland Gas A Coke 5a. 1940 567,000 Potomac Edison As ser E.1956 30 77 108 107. 25 85 Oct. 105 96% Jan. 25 106 96% 100 20% 25 57 Dec. 5 1 Jan. 14 7 147 7 103% Mar. 30 105! 107% Oct. 19 112! 18 7 22 July Feb. 128% Oct. , Jan. Jan. 3 Dec. • 19 Aug. July 29 109 81 104 25 57 19 Jan. 108 105% Jan. 104 Apr. 96 Feb. Jan. Sept. 8 Mar. 2 Feb. 10 Pub Service Co of N J— 144 6% perpetual certificates.. 232,000 Pub Serv of Nor IBs 5a C.1966 563,000 5s 1956 4Ha aeries D 1978 4,000 20,000 44,000 8,000 95,000 33,000 69,000 463,000 649,000 4%« series E 105 113 % 103 % 103 % 103 % 106 1980 359,000 39,000 38,000 1,471,000 4Ha series P 1981 789,000 4Ha series I...........I960 1,052,000 Pub Serv of Okla 4s 1966 4,129,000 Puget Sound PAL 5%a_1949 5s series C 1,588.000 1950 2,159,000 4Ha series D 1956 11,000 315.000 Queens Boro G A E 5H*-1952 1,000 2,000 94,000 'Ruhr Gas Co 6 Ha 1953 52,000 'Ruhr Housing 6Ha A...1958 v' 43,000 692,000 {♦St Louis Gas A Coke 6s.(47 657,000 Safe Harbor Water Pr 4He '79 1958 1,014,000 San Ant Pub Serv 5s B 48,000 San Joaquin L A P 6s B..1952 1955 91,000 Sauda Falls Co 5s Sale Sale .92% ... 34,000 46,000 130 Sale 105% 107 111 Sale 103% 103% 102% 104% 100% 66% Sale 62 133 Sale Sale Sale 67 Sale 95 85% Jan. 10 26 26! 21! Jan. 3 Sale 105% 84 85% 92 26% Sale 21% 26% 25 20 26% 24 132* 108 8 IlO" 10% 12 10 11 110 53 Jan. 4 10% Jan. 63 108% Jan. 108% 109% 109 102% 103% 103% 103% 102% Jan. 125 132 128% 110 112 111% 112 14 Jan. 10 19 98% Jan. 12 19 96 19 92% Jan. 19 18 82% Dec. 14 107 22% Mar. 16 18 Jan. 11% Jan. 4 109% Jan. 10 103% Jan. Oct. 60% Oct. 57 Oct. 54% Oct. Jan. 93% Jan. 26 £ 21 Apr. 21 Aug. 8 July 15 19 105 7, 104% July 101 Mar. 16 " Nov. 13' 100% Oct. 19 104 102 Mar. 16 105% May 26 6 94 Oct. 19 105% Jan. 100 Jan. 5 106 Jan. Jan. 26 101! Jan. 25 69! Jan. 29 65% Jan. 25 56 17 % Sale 106 107 106 106% Jan. 4 3 104! 7 104! 3 104 Jan. 60% Sale 26% 104 Sale 102% 106% 104% Sale 99% Sale 61% 61 60% 63 Sale 22 % Jan. 106% 110 105% Jan. 111K 110% Jan. 105 103% Jan. 105 104% 133% 130 Apr. 6 Jan. Jan 21 28% Aug. 21 25% Aug. 10 18% Mar. 23 7 Oct. 18 18 21 104% Jan. 25 109% Dec. 27 Jan. 6 100% Apr. 12 107 14 125 Nov. 3 132 107% Feb. 23 112 Jan. 26 Nov. 29 'Saxon Public Works— 90,000 377,000 797.000 19,000 78,000 1,094.000 271,000 549,000 2,000 11,000 48,000 33,000 3,000 69,000 33,000 34,000 Scrlpps (E W) Co 5 Ha—1943 26 28 22% Sale 102 % 103% 100 107% 103% 104 103% 104 103% 104% 101 107% 1948 Servel lac 5s Shawlnigan WAP 4%a_.19i7 4%a series B 1968 4Ha series D.. 1970 23 Vi\ 22V 101^ 41 Scullin Steel Co 3s...... 1951 233,000 Sheridan Wyo Coal 6s... 1947 295,000 Sou Carolina Power 5s.. 1957 ...2025 3,020,000 Southeast PAL 6s 3,657,000 Sou Calif Ed 3Ha—May 11960 3% a series B July 11960 1,354,000 Debentures 3%a..----1945 1,512,000 1st A ref mtge 4s ...1960 654,000 27,000 13,000 326,000 212,000 38.000 130,000 62,000 25 1937 6a 'Schulte Real Estate 6s..1951 68% 71% 100 Sale Sale Sale 106% 109 111 103 Sale Sale 59 62 n7?* 94% Sale 104% 104% 106% 108% 45 25 Jan. 21% Jan. 100% Jan. 43 Jan. 21 10 Sale 104 103% Jan. 103% Jan. 29 103^ Jan. Sale 78% 26 104% Jan. 21 3 104% Jan. 20 42 105% 101% 101% 101% Mar. 45 Dec. 31 63% Jan. 12 77% Jan. 95% Jan. 20 70 28 29 104% 106! Sale 104% Jan. 104% Jan. Sale 106 109 108 Sale 107% Jan. Jan. 105% 31 105% 13 106% 28 109% Jan. Jan. Jan. Jan. 15 12 13 4 6 77 99% 99% 103 104 9 2 6 Dec. 28 107% May 18 105 Feb. 9 104% Feb. 3 105% July 13 72 101 58% Dec. 6 Jan. 58 Sept. Mar. 103% Jan. Apr. Oct. Oct. Mar. 73% Jan. 82 Sale Sale Sale 104% Sale 35 47 22% Dec. 94% Nov. 20 15 103 V Sale 22 19 50 Jan. 15 107% Jan. 31 104% Jan. 28 103% Jan. 58 21 28 107% Jan. 84 Jan. 23% Jan. Jan. 103% Sale 75% 25 8 102 107 Sale 103% Sale 103% Sale Sale 107% 107% 107% 105% 104 28 23% 102 Mar. 29 Jan. 23 109% Jan. Oct. Oct. 11 8 6 108 108 Mar. Apr. Jan. Jan. 107% Aug. 23 110% Jan. 6 Mar. Mar. Southern Counties Gas 530.000 859,000 351,000 836,000 424,000 18,000 61,000 10,000 66,000 13.000 28,000 87,000 39,000 58,000 38,000 147,000 96,000 26,000 240,000 84,000 334,000 1,044,000 1,726,000 867,000 1,047,000 3,385.000 2,717,000 224,000 4,502,000 2,248,000 , ef California 4Ha 1968 Southern Indiana Ry 4s. 1951 S'western Assoc Tel 5s A. 1961 Southwestern L A P 5s..1957 Southwestern PAL 6s..2022 S'western Pub Serv 6s A. 1945 {'Standard Gas A Elec 6s_*35 '6s Certlfs of deposit.. 1935 'Conv 6s 1935 '6s Conv ctfs of deposit 1935 6s 1951 6s... 1966 Standard Invest 5%«...-1939 {Stand Power A Lt 6s.__ 1957 ♦Starrett Corp 5s ...1950 Stinnes (Huge) Indus— 9,000 17,000 20,000 23,000 7s 2d stamped.........1940 255,000 7s 2d stamped 277.000 1946 445,000 Super Power of 111 4He..l970 4Hs 1968 616,000 8,000 51,000 813,000 fenn Elec Power 5a 525.000 Tenn Pub Serv 5s ...1956 ..1970 85 102% 103 103% Sale 99% Sale 104% 106 90% Sale 89 90% 90% Sale 89 91% 91% Sale 90% Sale 100% 101% 88% Sale 40 41 45 47 45 47 105% 106% 104% 105% 104 50 51 Sale 56% 57 92 Sale 92 88% 92 95 97 94% 95% 95% 72 69 76% 79% 68 102 50% 50% isi 105% 100 52% 44 52% 44 52% 52% 51% Sale Sale 51 £ 69 69% 48% Sale 22% Sale 42 39 44% 42 Jan. Jan. 12 55 44% Jan. 43% Jan. 68% Jan. 28 Jan. 12 Jan. 12 29 56 56 72 Jan. 6 41 29 7 54 28 Jan. 12 Jan. 20 Sale 45% Sale 69% Sale 27 47 41% Sale 43 Jan. 39 Jan. Jan. Jan. Sale 105% Sale 105 58 98 103 Sale 64! 56! 70 60 Jan. 21% Jan. 105 79% 40 42 42 42 40 55 104%|105% Sale 99% Oct. 12 28 105 78 14 27 Sale 60 105% Jan. 11 Jan. 106 83 21 17 79 44 Sale 96 Jan. 5 27 44 105 95% 98% Jan. Jan. Jan. 55 104%*105% 81 17 55 46 45 18 13 Jan. 28 Sale 22% 56% Jan. 95 105% Jan. 26 Sale 43 27 27 Jan. Jan. 44 68% 19 Jan. Jan. Jan. 102% 102 Sale 43% Jan. Sale nH Jan. 29 Jan. Janr 12 15 45 Jan. 5 52% Jan. 3 106 Jan. 3 106% Jan. 12 6 25 22 10 67% Jan. 29 78 Jan. 5 58 Jan. 26 63% Jan. 17 57 Jan. 7 31 60% Jan. 100% Jan. 24 102% Jan. 25 105% Nov. 17 7 Jan. Nov. 19 87 Oct. 19 103% Jan. Jan. Nov. 26 104 8 3 75% Dec. 10 104% Jan. 21 51 87 90 Oct. Oct. Oct. Oct. Oct. 11 106 19 19 95% Mar 19 19 96 96 Mar Mar 19 96 Jan. Mar 19 44% Jan. 39% Oct. 67 Dec. 29 102 35 16 Oct. Oct. 37 Apr. 29 56 37 May 3 49% 102% Mar. 24 106% 102 Mar. 23 106% 70 55 Jan. Mar Mar 95 95 95 19 19 Mar July 13 Jan. Sept. Aug. 98% Jan. Nov. 8 Oct. 22 85% Jan. Oct. 80 26 3 6 15 16 Ternl Hydro-Electric Co— 40,000 198,000 366,000 7.000 22,000 918.000 6H* aeries A .....1953 3,207,000 Texas Elec Service 5s.... 1960 3.701,000 Texas Power A Lt 5s.....1956 61,000 170,000 1st mtge gold 5s.......1962 1,679,000 2,952,000 Twin City Rap Tr f Ha A.1952 37,000 Lien A Company— 6s 4th stamped........1950 299,000 1949 291,000 United Elec ef N J 4s 64,000 730,000 66% Sale 105% 105% 105% Sain 2022 Tide Water Power is A...1979 102 Sale 56% 103 60 94% Sale 103 Sale Sale 94 112 6s Sale 97 97 80 84% 82% 84 93% Jan. 102% Jan. 25 104% Jan. Jan. 4 82% Jan. 6 94 99% Jan. 86% Jan. 11 6 26 17 53 92% 102 92 80 19 Oct. 20 106 Nov. 24 106 Dec. 16 113 Oct. Feb. 23 Jan. Feb. 4 5 Feb. 4 19 104% Jan. 23 Toledo Edison Co— 11,000 United Elec Service 7« 36,000 6,000 5,000 112,000 204,000 29,000 see page 53. 107% 108% 108 59 62% Sale 116% 117% 36! 113! 43 114% 107% Jan. Sale Sale ..... 5 108 £ Jan. 31 63 4 Jan. 59 Jan. 40 114 Jan. Jan. 6 8 Jan. 24 47 Jan. 14 5 22 114% Jan. 29 109 Apr. 13 94% Jan. 5 106% Jan. 55 Oct. 55 June 10 Oct. 19 Mar. 20 117% Jan, 15 1956 Without warrants.. 489,000 57,000 'United Indus 6 Ha———1941 ♦lat 6s 111,000 —1945 937,000 United Lt A Pow 6Ha 1974 Deb 6s 1975 2,456,000 627,000 SH» 1959 For footnotes 106% Sale 94% Sale 65 68 24 24 56 60 86 Sale 35 25 71 73% 68% Sale 106 Sale 99 92 93% 24% 24% Sale 55% 59% 57 Jan. 4 23% 35 24% Jan. 5 24% Jan. 23% 27% 23 Jan. 27 24% Jan. 8 7 61% Sale 58 Jan. 28 75 Jan. 12 58% Sale 95% Sale 57 Jan. 28 72% Jan. 20 100% Jan. 12 95% Jan. 60 12 Oct. 20 Mar. 25 Mar. Oct. Oct. Dec. 18 18 79% Feb. July 6 Aug. 94% Jan. 14 89% Jan. 19 f 27 28 19 22 107 Jan. 14 NEW YORK January 76 H 92 114H 87 101% 101 101H 102 2,099,000 93,000 28,000 16,000 1,105,000 Virginia Pub Ser 5Ha A..1946 6a 1946 300,000 5a aeriea .......1950 704,000 76,000 ♦5a Income deb ...1954 733,000 1958 107 H 107 H 925,000 Wash Gaa Light Co 5a 127,000 Waah Ry & Elec 4a 1951 106H 108H 105 657,000 Waah Water Power 5a...1960 104 Weatern Newapaper Union— 73 Sale Conv deb 6a ..1944 952,000 ...2030 105 % Sale 682,000 Weat Penn Elec 5a 202,000 Weat Penn Traction 5a.. 1960 111H 113 97 H Sale 1957 3,293,000 Weat Texaa Util 5a A Sale 970,000 Weat United GAB 5H* A 55 105 66,000 Wheeling Elec Co 5a 1941 107 H 106 Wia Minn Lt «c Pow 5a 1944 105 739,000 2,086,000 Wiaconain P & L 4a A.... 1966 101% Sale Waldorf ABtorla 220,000 62,000 1,000 81,000 100,000 86 H Ask 67 H Sale Sale Sale Highest Sale Prices 71H 68 Jan. 79% Jan. 72 78 84 H Sale 81 13 15 105 82 Sale 107% Sale 105H 106 105 105 73 Sale 75 12 Sale 91H 106 H 106H 99 H Sale 85 21 11 75 Oct. 81 Oct. 172* Jan. Jan. 10 26 21 11 • Oct. 19 322* 1042* Nov. 20 108 105 % Apr. 1072* June 103 065* 13 35 392* Jan. 3 102 26 1032* 27 895* 3 1052* 6 1072* Jan. 93 105 H 29 12 •5 Jan. Jan. Jan. 107 H 1072* Jan. 105 H 106H 105H Jan. 92 H Sale 912* Jan. 107 H 20 1042* Jan. Jan. 18 101 19 102 H Jan. 902* Jan. 80 Jan. 85 Jan. 5 1052* Jan. Sale Sale Oct. Jan. 3 1072* Jan. 26 106 Jan. 1062* Jan. Jan. 105H 105 Sale 38 362* 100 100 99. 100 % 102H 103 -, 103 H 104H Sale 83 802* 84 H Sale 104H 104 H Sale 104?* Sale 37 100 21 78 5 15 % Sale 142* Jan. Jan. 105 H 105 H 105 106 % 74 Jan. 5 Corp— 103 18 82 82 5 4 Jan. 101 \ 75 Jan. Jan. Jan. Jan. 13 12 8 ii 8 June 13 Jan. Dec. Fe > 9 2 Feb. 11 Jan. 2 Nov, 23 114 2* Jan. 6 16 Dec. Oct. 93 Jan. 3 106 23 Jan. 52 7 83 H Jan. 75 > • Jan. 84 H Sale Sale 84 7 115 Dec. Oct. 20 892* Jan. Jan. Dec. 20 102 Jan. Dec. 7 103 102 13 14 13 29 Jan. 96% Jan. 20 612* Oct. 5 12 782* Jan. 31 1062* Jan. Jan. 28 70 31 Jan. 53 H 82 % 80 87 78 98J* 100H 100H 97 Lowest Sale Prices 100 Sale 56 78 73 H Highest Sale Prices 67H Jan. Sale 100 69H 82 H 81 Sale 102 516,000 Yadkin River Power 5a.. 1941 3,168,000 t»York Rya Co 5a 1937 73,000 40,000 105 J* 66- 114 Lowest Sale Prices Jan. 31 Ask Bid Bid Ask 91H United Lt ft Rya 5Ha 1952 4a aeriaa A .......1952 887,000 Deb 6a «er!ea A... ...1973 375,000 439,000 Utah Power flc Light 4Hsl944 6a aeriea A.... 2022 443,000 3 Jan. 1937 Bid 71,000 76,000 30,000 14,000 29,000 43,000 19,000 13,000 193 Jan. 2 BONDS (Concluded)— 59,000 14,000 102,000 YEAR Price CURB EXCHANGE 12 Months 1937 In RANGE FOR PRICES IN JANUARY SALES AGGREGATE 53 NEW YORK CURB EXCHANGE FEB., 1938] 79 19 1052 19 28 992* Jan 9 1022* Oct. 19 1052* Jan. 105 V* Feb. 10 108 Apr. 30 1045* Dec. 29 1072* Nov. 10 9 892* Nov. 16 102 2* Jan. Jan. Oct. 28 962* Jan. 104?* 1052* 1042* Jan. 70 Jan. 70 73 19 1052* Jan. 7 73 Jan. 26 73 172* Jan. Jan. 24 23 23 Jan. Jan. 28 24 Jan. 3 21 Jan. 3 182* Dec. 28 17 Dec. 29 18 Sept. 14 Jan 107 28 100 8 1032* June 30 Dec. 19 6 Jan FOREIGN GOVERNMENT AND MUNICIPAL Agrtcul Mtge Bk Rep of Col— 20 H 20% 19H 25 H -28 12 18 % 22 21 20 23 Sale 90 76 85 76 87 H 72 86 72 28 25H ♦20-year 7a Jan 15 1946 181,000 ♦20-year 7a Jan 15 1947 257,000 109,000 ♦Baden (Germany) 7a....1951 15,000 6.000 2,000 ' 23% 24 30 20 21 Buenoa Airea (Proa) 118,000 82,000 4,000 59,000 140,000 95,000 320,000 155,000 Colombia extl a f 7a.. ♦Cep* Bk 1,000 / 16 H Sale .1948 Daniah Cona Munlc 25 33,000 1,000 2,000 I 5 9 100 1902 61 100 ; 17 17 : 23 252* Jan. 30 22 26 10 27 a f 6 Ha 62H 68 58 22 20 20 H 24 20?* Sale 20% 19H 24 21 23% 20 H 13 16H Sale 19 H Sale 7% 91H Sale 65 H 10 1,142,000 4a atamped Mtge Bank of Bogota— 1951 1927...1947 ♦7a laaue of Oct 1927 1947 122,000 984,000 ♦Mtge Bank of Chile 4a..1931 6a atamped............1931 14,000 448.000 Mtge Bank of Denmark 5al972 480,000 ♦Parana (Stateof), Braa 7e'0S 569,000 ♦Rio de Janeiro 6Ha_.__195«> 1919 632,000 ♦Ruaalan Goat 6H« : 3,000 5,000 ♦7a laaue of May 145.000 9,000 47,660 15,000 30,000 20,000 18,000 63,000 3.000 ' 1,371,000 9H r Deferred delivery Sold for cash. * Bonda being Sale 32 29 17 212* 20?* 13 2* 162* 72* Jan. 10 17 18 Jan. 6 72 14 20 28 652* Jan. 3 16 X Jan. a consolidated, conv." convertible. 25 162* Jan. 142* Jan. 10 23 Jan. 28 22 152* Jan. 25 Jan. 182* 11 10 102* m 64 122* 122* 132* 132* Sale ; Deferred delivery sales. In which no account is, taken in computing range, are given l)ei<iw: General Bronze Corp. 6s 1940, Jan. 25 at 69%. In Paris soared to 155 francs to the pound, Bank of New market open York) money continued at $35 an ounce. rates which, London around Christmas and 23/32% for two months' bills, 11/16% for three months' bills, and 21/32% for four and six months' bills, eased off promptly at the turn of the year to 9/16% for two, three and four months' bills, and to 19/32% for six months' maturities. Sterling cable transfers sold on New Year's, were commenting 27 2* Feb. 19 272* Feb. 19 Mar. 8 30 13 2* Aug. 11 13 1002* June 9 6 20 Jan. Jan. 13 Jan. 5 6 < Dec. 29 9 29 2* Dec. 2* Oct. 19 5* Oct.. 28 2* Dec. 27 17 95* I 62 2* 7 29 21 2* 16 Jan 34 35H Jan. 2 Apr. 6 1H Apr. 22 22 12* Apr. 22 15* Apr, 22 815* Mar. 10 Jan 101* Nov 17 20 Nov 22 205* Mar. 4 Mar. 12 5 Hygrade Food Products 6s A1949, Jan. 4 at 612*. Pennsylvania Water & Power Co., Jan. 10 at 702*. nUnder the rule sales, in which no account is taken in computing range, are given below: Aluminum Industries, Inc., Jan. 20 at 7. r Cash sales, iu winch no account is taken in com¬ puting range, are given below: Niagara Hudson Power A warrants, Jan. 12 at %. If Correction—Empire Corp. Volume for August should have been 400 shares. Volume for entire year on 1937 should have been 8,750 shares. the foreign exchange Ml situation in Federal Reserve Bank of New York said in its "Monthly Review" for Feb. 1: January, the "After getting off to an record high, favoring London and against Paris. The London open market gold price ranged between 139s. 5d. and 139s. 9%>d. an ounce. The American price for gold (Federal Reserve 65 13 4 13 58 12 H 11H 5 4 612* Jan. 112* Jan. 112* Jan. 65 11 12 23 92* 6 Sale 2* 16 Apr. 95 2* 2* Jan. 2* Jan. Sale Feb. 96 2* 2* July Apr Dec. 30 8 % * 21 21 Oct. Jan. 20 Jan. 7 Jan. 10 Jan. ; 5 Jan. 26 Jan. 6 2* Jan. 2* Jan. h 29 Dec. 102* 10 2* % 5* % 2* 4 100 29 10 57 17H 982* Jan. 9% Jan. 9 Jan. Oct. 7 11 18 Sale 82* (Continued from page 40) on 20 H Nov 20 2* Dec. 20* ing the month the mean London check rate on Paris ranged between 147.24 and 154.77. On Tuesday, Jan. 25, the London rate 65 22 "w I," when issued "w w." with warrants "x-w." without warrants certificates of deposit C«U1B 17 , • 28 Abbreviations Used Above: "cod. 28 225* Jan. "vtc," voting trust certificated traded flat. I Reported in receivership. 6 20 27 "cum." cumulative "m." mortgage •»-v." non-voting sale, 7 13 Sept 27 21 H Oct 18 Jan. Jan. 31 175* Apr: Jan. 22 iJ3oH 2 . Jan. 242* 65 Sale 62 17 11 20 19 5 31 Jan. 20 H Abbreviations Usea Above. Ex-dividend. ♦ « 25 H 16 10 Aug' 26 Aug. 252* Aug. 292* Mar. 33 July (Jan. 12 Jan. 162* Jan. 72* Jan. 23 14 H 18H 5 18H 98% 99% 9% 11 8% 9% % 1 H % % Sale H H Sale 166" 1921 No par value. Sold under the rule. ti 15 H 99 Aug. 252* 17 15 22 ♦Certificatea of dep..... Santa Fe (City) Argentina ♦7a atamped.. .....1945 236,000 562,000 ♦Santiago (Chile) 7a..... 1949 ♦7a 1961 214,000 Sale 70 Sale Feb 25 H 6 15 12 15 24 22 ♦Certificatea of dep..... ♦5 Ha 678.000 512,000 5,000 39,000 15,000 • ♦7 77 6 13 Mendosa (Proa) Argentina 36.000 28 Jan. Mar Jan. Jan. 14H 22 7H S Apr Jan. 21 10 15 Sale 22 25 97 13 19 29 Sept. 7 272* July 30 8 6 102 2* Jan. 16 1012* Fe .,16 21 19 11 Mar 29 20 18 Feb. Apr Apr. 24 21 Sept. 30 21 Nov. 24 192* Apr. 192* Jan. 18 21H 96 94 H Aug. 99 192* Jan. Sale 21 30 Mar. 11 20 7 Jan. 18 16 25 14 6 4 11 58 Feb. 292* Feb. i 0 7 Dec. 50 17 20 .— Jan. 18 Jan. 54 61 52 Dec. 25 Jan. 4 25 4 1012* Jan. 13 1002* Jan. Jan. 25 1002* Jan. 1002* Jan. 101H 102 101 99 H 100 102H 13 Jan. • Ac Wat'way Bo 97,000 ♦Hanover (City) Ger 7a.. 1939 1949 95,000 ♦Hanoaer (Prov) 6Ha 403,000 ♦Lima (City). Peru. 4Ha.l958 1958 138,000 ♦Maranhao (State) 7a 478,000 ♦Medellin (Colombia) 7a.l951 4,000 25 101 1953 5a 35 25H 100 H 22 5H*-1955 144,000 409,000 ♦German Cona Munlc 7a.l947 ♦4a 1947 426,000 35,000 33,000 21,000 10,000 Jan. 7 8% Sale 27 Sale 24 H 101H 102H 1951 1952 A external 7H 6H 802* Jan. 6 80 80 Jan. 80 85 86 of German State & Proa Banks 6a B... ♦6a Dansig F „ ....1947 8 tamped ♦7a stamped 1952 ♦G»uci Valley (Dep« of)Rep of 835,000 4,000 4,000 5,000 ♦7Ha 28 days of the new exchange market of January, uncertain start in the first few the dollar steadied in the foreign and remained firm for the greater part year, but reacted again under selling pressure from of the month. The pound went as high abroad at the end against the dollar on Jan. 4, when foreigners disturbed over the political news from Washington, but returned to $4.99 13/16 in New York the next day and held close to that level for three weeks. as $5.01% were momentarily Accompanying the month-end decline in the stock market, a further movement out of dollar balances again carried the $5.01%. pound above the $5.00 level. The Swiss franc fluctuated in similar fashion, settling from a high of $0.2317% on Jan. 4 was to 3 Jan. on $5.00%@$5.01%, and at on Jan. 31 at $5.00%@ The low for sterling cable transfers in January $4.98 15/16, on Jan. 14, and the high was $5.01% LONDON CHECK RATE ON on Jan. 5, and, after easing slightly further, Mean Mean London London London London Check Rate Open Market Check Rate Open Market on on Gold Price Paris Paris Gold Price Jan.17. 150.23 139s. Jan.18. 149.37 139s. 7Hd. Jan. 19. 148.77 139s. 7Hd. 6d. Jan.20. 149.46 139s. 7Hd. 139s. 9d. Jan. 21. 151.00 139s. 8Hd. 150.30 139s. 7Hd. HOLI DAY Jan. 1 Jan. 2..... Jan. 3 147.29 139s. 5d. Jan. 4 147.29 139s. Jan. 5 147.24 Jan. 6 147.30 SUN DAY 8d. 139s. 82*d. Jan. 22. Jan. 7 147.35 139s. 9d. Jan.23. Jan. 8 147.41 139s. 92*d. Jan. 24. 150.17 139s. 7Hd. Jan. 9 SUN DAY Jan.25. 152.23 139s. 7d. Jan. 10 147.45 139s. 9d. Jan. 26. 153.12 139.8 7Hd. "Jan. 11 147.53 139s. 8d. Jan.27. 154.77 139s. 6d. Jan. 12 147.65 139s. 72*d. Jan.28. 153.96 139s. 6Hd. 153.00 139s. SUN DAY Jan.29. Jan.13 150.13 139s. 7d. Jan. 14 150.37 139s. 72*d. Jan.30. Jan. 15 139s. 150.25 SUN DAY 7Hd. Jan.31. 7d. SUN DAY 152.84 139s. $0.2319. "Primary interest in the foreign exchange market PARIS AND PRICE OF GOLD IN LONDON centered political and exchange crisis in the French franc which resulted in the formation of a Radical Socialist min¬ in Jan. 16 $0.2313% rising at the end of the month to Jan. 31. the headed by Premier Chautemps. The franc declined $0.0322% and was quoted at 154% francs to the pound sterling on Jan. 27, as compared with quotations of istry to and 147% francs to the pound at the close of December, but recovered slightly near the end of January. Trading in foreign exchange" was suspended on the Bourse in Paris on Friday, Jan. 14, after the Popular Front Cabinet resigned; it was resumed on Monday and $0.0339% business in Tuesday, when the new Cabinet was formed, and conducted through the remainder of the week with dealings limited to commercial transactions at the request of the Bank of France. 6d. (Continued on page 56) RANGE OF PRICES ON CHICAGO STOCK EXCHANGE $oc& Mes January 1938 Shares. ^ Jan. 1 to Dec. 3K_._ AGGREGATE In January 3ALES 1937 595,000 1937 14,239,000 PRICES 1937 1,000 Chicago City Ry 5a 1927 13,000 Certificates of deposit..... 10,000 Chicago Rys 5s ctfs 1927 5s class B 12,000 .......1927 Class A 1,000 1927 4,000 Met West Side El 1st 4s_.1938 STOCKS 250 100 30 Allied Laboratories 82 42 45 42 44 900 1,650 610 1,400 100 1,400 150 8* 32 350 2,200 4,250 ~ 4,666 Rights "750 4,200 "li',900 """150 pref_....* .. 950 34,800 Common.. ...1 46,950 Bruce Co (E L) com 5 750 Bucyrus Monlghan class A..* ............ 3,000 3,000 9,850 10 9 Sale 37 X Sale 9% 16% .. 8X 4% 3 % 8% Sale 6 . 279,510 Butler Bros common 10 40,850 5% convertible preferred 30 100 26,230 Canal Const Co conv pref...* 8,300 Castle A Co (A M) com 10 Common (new)..... 26,060 ..10 4,370 Cent Cold Storage Co com.20 34,390 Central 111 Pub Serv pref...* "l~850 320 1.610 74,550 22,450 450 Common... l ........ Convertible preferred * 470,950 Central S W Util com ....50c Prior lien preferred.. 9,630 Preferred * 14.920 10.400 650 600 750 7,310 Central States Pr A Lt pref.* 5,436 Chain Belt Co com • 4,040 Cherry Burrell Corp com * Common (new) 2,250 850 700 Common 11,880 ..* 5,650 Participation preferred. * 986.360 Chic Corp common....... Preferred 69.000 2.410 Chicago Electric Mfg A 40,050 Chicago Flexible Shaft com.5 31,700 Chicago A N W Ry Com..100 970 Chicago Rys part ctfs 1 100 Part certificates "2" 3,310 100 1,350 Participating ctfs M3*'_.100 " 3,300 900 280 960 90 40 ' Part ctfs "4s" 1,280 Chicago Towel Co conv pref * 13.650 500 Club Aluminum Uten Co...* 3,850 1,400 1,570 167,800 Consumers Co com... 6 3,720 *% prior preferred A 100 7% rum preferred......100 2,060 V t c pref part shares 1,310 50 450 350 300 1,500 """20 Coleman L*p A Stove com...* Commonwealth Edison...ISO Common (new)...... 25 Compressed Ind Gases cap..5 Consolidated Biscuit For footnotes 650 Continental Steel Preferred. see page 56 6X Sale Sale 3 X 6X 10 9 16 12 43 46 30 35 33 52 60 52 % 70 X Sale 11 16 48 Jan. 7 4 Dec. 23 77 X Feb. Mar 8 43 com... com 4 Jan 21 Apr. 17 15 Oct. 4 15 Oct. 4 May 28 13 May 2&, 3 % 52 13 5% 5% Sale 6% IX Sale 1 Sale 33 13% Jan. 28 Jan. 35 35 52 39% Jan. 26 . 18 Jan. 17 9 4 31 Nov. 24 5 7% Jan. 4% Jan. 7% Jan. 5 Jan. 7 Sale 5% 6X Sale 4 Sale Sale 6% 1 % 35% 4% 2X IX 1 33% 1% 2% 2X 3% 1% X 16 7% 10 18% 8% 13% 11 Sale 20 X 10 16 Sale 13% 8 3% 7% 2% Jan. Jan. Jan. Jan. Jan. 10 7 8% 36)4 7% 5% 3% 6% 6 11% Jan. 27 15% Jan. 31 19 19 14 Oct. 27 Oct. 19 June 22 Dec. 29 56 17 Oct 19 Oct 14 19 Oct. Jan. 35 Jan. 8 4 10 11 Oct. 19 19 18 X 10% 12% 22 26 "11% "Sale" Sale 11 10% Sale 6% 17% Apr. 3 26% Feb. 19 23% Feb. 17 28 43 Jan, 7 19 84% Jan. 18 28 16 Feb. 13 13% Feb. 27 12% >uly 8 4% Mar. 19 57% Feb. 18 17 Jan. 22 9 Mar. fl 9 Mar. 30 17 10 Jan. 19 Mar. 27 13% Jan. 10% Jan. 19 Jan. 8 26 Fob. 13 Jan. 10 Feb. 10 9 12 Aug. 10 7 12 Jan. 13 9 Jan. 11 Jan. 13 3 28 "3 10 Oct. 19 12 Dec. 28 17 Oct. 19 7 Dec. 27 Nov. 19 Oct. 19 6 Dec. 15 13 Jan. 14 % Jan. 7 Jan" "12 ,8 18 1075* 23 X 27 13% Sale 29 % Salo 2 Sale 3 22% Sale 22% Jan. 31 28% Jan. 10 16" "14" 12% "13% 13 Jan. 10 25 Feb. 18 19 Sale 19 Jan. 31 11 Feb. 6% Sale 5% Jan. 7% Jan. 26 13% 22% 7 9% 4% Sale 4 7% 4X I 7X 7a IX 15% 1% 17 3% Sale Sale 63% Sale 15 1 % 12 13% J 4.X 7% 4 yg call J 18% 20 14 % 4% 1 5 • too 95% 30% 11 20% 13% 47% 6 Sale Sale 4% 12 Jan. 7 6% Jan. 18% Jan. 28 1% Jan. 15 1% Sale 14 48% Jan. 10 Feb. 11 Mar. 5 Apr. 10 Oct. 27 July 26 Mar. 2 Mar. 3 5% Jan. 8% Jan. 21 Jan. 1% Jan. 15 % Oct. 51% Jan. 19 5 77 Mar. 10 4 25 Jan. 10 29 43 July 26 13% Jan. 46% Jan. 28 14 Jan. 4 Dec. Oct. 15 19 Feb. 5 50% Jan. 14 Dec. 29 81% Feb. 19 % Jan. 26 % Jan. 6% Jan. 2% Jan. 11 19 % Sale 27 5 Jan. Jan. 5 Jan. " 26 17 % Dec. 29 4 Dec. 30 1% 95% 1% 96 92 Jan. 28 97 Jan. 6 78 Oct. 30 32 30 Jan. 28 30 Oct. 5 13 3% Oct. 19 13 Jan. 31 14 Jan. 13 18% Jan, 4 21% Jan. 17 2% Jan. 33% Jan. 11 13 "18% 5% 2 Sale 30 27 54 1 1 % Oct. 4 % 19 15% 38% 34 Sale 1% 2 % X % 9% Sale Sale 90 99% 61% Sale 2 " Sale 9% Sale Dec. 2 Jan. 3 Sale 32 Jan. 5 16% 43% 1% % % % 34 Sale 1% 38% Jan. 1% Jan. "3 "8% 4 46% Jan. 1% Jan. 15 13 10 % Jan. 14 % Jan. 7 3 19 Dec. 28 15" Oct. 19 35 Oct. 19 1 14 Dec. July % Oct % Jan. % Jan 23 13 7 21 6 9 9 Jan. 28 10 Jan. 8 Oct 19 96 100 100 Jan. 18 100 Jan. 18 95% Oct 19 61 70 63% Jan. 18 60 Jan. 3 1% 1% 26% Sale 2 28 3 61% Jan. 1 % Jan. 1% Jan. 25 27 27 2 8 13 Jan. 5 6% Jan. 22 n* 85 Mar. 4 Jan. 23 Jan. 15 Mar. 9 Feb. 17 26% Sept. 27 15 1% Oct. 1 % Jan. 2 Jan. 6% Mar. 48 Feb. 32 Feb. 77 Mar. 20 20 8 20 2 5 6% Mar. 7 3 Feb. 19 % Jan. 21 % Jan. 23 Apr 37% Feb lf Feb. 5 Nov. 27 May 12 Oct. 18 1% 33 Jan. 7 1% Jan. 8 Jan. 12 30 Oct. 26% Sale 17 Sale 3% 3% 23 % 20 4 Sale 23% Jan. "31 Sale 17 4% Jan. 3 3% Jan. 5 19 Jan. 18 Mar. 16 25 Nov. 23 May 10 103 1% 26% Apr. 29 Jan. |H 27% Jan. "7 20% Oct. 25 15% Dec. 29 Jan. 12 4% Jan. 12 '2 6* Sale 19 0<*t. 15 Apr 19 3 June 11 June 22 4 5 Oct. 22 2 Dec. 23 Dec. 28 5 6% 2% % 28 100% Nov. 24 Jan. 15% Dec. 27 Jan. Sale 119 46"" "49" 3% Feb 15 19 19 12 1 2 32 32 % % % *4% Sale" Sale % 1 Sale 1 104 X 105 > 18"" "21% % % o 5% Jan. 30 19 Jan. 31% Jan. 5% Jan. 17 4 3% 8 18 2 11 Jan. 72 Sale 54 26% %> 75 25X 98 ] % Sale 2 % 3% 1 1% Sale 47 4 8 ua,L%D "17" "!§"" 16% 7 8% 29% Sale 19 3% 68% Sale 2 6 5% 8 33 Sale Sale Aug. 25 Jan 21 5 15 3 Feb. 19 Mar. 8 Mar. 12 Sale Jan. Jan. 14 11 May 17 W a 54 13% "IE" 70% Sale 34 118 26 6% Jan. 22% Jan. 2% 50 5 46 5% Jan. 16% Jan. Dec. Feb. Feb. 13 5% 18% J5/s 29 X 7 70 6% 19% 3 22 % 13% Salo 22% 23X 11 7% 11X Jan. 6% Jan. Salo 25 X 99 6% Sale 9 20 3 3 10% Jan. 12" Sale" 3 22 Mar. 8% Jan. 6 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 18 11 Id 28 Jan. Jan. Jan. Jan. 8 Jan. 32% 3 % 1 % % Sale 11% 10X 31 55% Feb 17% Feb. 12% Jan. 12% Mar. 14% May 6% 6% 1% 36% 4% 1% 2% 1 10% 9 Sale 10% 5% Jan. 6% Jan. 9 12 13 Jan. 15 Nov. Jan. 9 Jan. Dec. •une 7X Sale Com part shs vtc A...50 Common part shs v t c B.. * 1,160 Sale 12 X 7 985 11,250 2.380 24,000 257,575 26,900 61.690 35",250 37% 8 Sale 6% 100 Common capital.........* 440,930 Cities Service Co com ...» 30 7 13 5 19 1 3.860 Chic Rivet A Machine cap..4 310 Jan. 10% 36% 5- 23 Chic City A Con Ry— 34,850 4,450 77% Fob. 47% Dec. 15 May 21 48 7 18 % lent 111 Secur Corp— 500 Highest Sale Price* 5 5 22 110 Bunte Bros common.......10 16,600 Burd Piston Ring com. 1,700 Lowest Sale Prices ............. 4.750 Brach A Sons (B J) capital ..* 6,700 Brown Fence A Wire cl A * 400 Highest 45 3% 8% 6 6% Sale 25 X 29,950 Bendlx Aviation Corp com. 158,130 Berghoff Brewing Co...... 12 50,750 Rights 21,610 Blnka Mfg Co capital 10 120,740 Bliss A Laughlln Inc com ..5 33 X 9,900 Borg-Warner Corp com 75 Common (new) 108,400 160 7% preferred 10S 107 3,750 42 8 ... 2,000 46 14 11 10,800 Backstay Welt Co com......* 2,450 Barber Co (W. H.) com 1 18,410 Barlow & Seellg Mfg A com..5 57,800 Uastlan-Blesslng Co com. * 8,500 Belden Mfg Co common....10 1,050 1937 Sale Prices 46 3 47 5 42 9 9,200 American Pub Serv pref..100 200 Annex Hotel Co com cap.. 100 669,090 Armour Ac Co common ...5 11,800 Aro Equipment Corp com 1 147,700 Asbestos Mfg Co com ...1 14.850 Associates Invest Co com...4 33,150 Athey Truss Wheel capital..* 24,130 Automatic Products com...5 22,520 Automatic Washer com 3 1&480 YEAR Lowest 45 44 com Corp cl A. 25 Common................10 conv RANGE FOR par. Allied Products 990 Altorfer Bros 400 194,000 Sale Prices Ask 82 Aetna Ball Bearing common.1 200 A ins worth Mfg Corp com...5 5,600 15,470 25,500 IN JANUARY Jan. 31 Ask Bid 83 18,800 """490 3 Bid 80 131,400 Advanced Alum Castings...5 950 Jan. Ask 80 81 16 37,780 Abbott Laboratories coos...* 9,420 Adams (J D) Mfg com.......* 44,460 Adams Royalty Co com.....* 9,750 3.150 1936 45,000 Price BONDS Shares $2,000 1937 Jan. 1 to Dec. 31 19,456,000 Bid Shares 1.700 740 1937 $1,000 Jan. 2 % "l~000 1938 January 1936 CHICAGO STOCK EXCHANGE 12 Months 1937 Bond Sales 2,309,000 12 96% 7 4 5 6% 5 3 1 1% Jan. 7 6% Jan. 2% Jan. 1 5 1 15 1% % 12% 97% 98 6 13% 97 J an. 1% Jan. Jan. 5 19 18% Oct 97% "laiT ""7 98 Jan. 261 6 Oct 20 ^7 16 Aug. 25 Feb. Jan. Jan. 20 22 28 Feb. July 26 Sept 20 Aug. 10 10 Feb. 24 Feb 19 Apr. 19 CHICAGO Feb., 1938] aggregate In Shares STOCKS 313,150 6,900 I,630 4,760 37,950 2,940 36,050 5,000 400 1,000 70 3,000 50 Cord Corporation. Crane Co com......... 48 54 25 ............1M Preferred 120 700 500 250 6,790 1,950 150 1154 87 ..........100 1254 100 100 600 3,800 19 000 2,020 Godchaux Sugar Inc cl B Class A 5,060 70 1 400 33,980 23,000 79,950 650 .5 650 650 100 4 800 750 23 25 1054 Sale 39 1554 5854 41 16 *60" 62"" "65"" 17 Sale 454 5 10% Sale 30 • 4054 40 45 4154 24"" Solo" 1354 1454 *1454 "Is" 10 Sale 24 4254 17 A..* 19 54 Houdallle-Hershey— Class B .....—........* 9.350 2454 2554 550 3,000 Hubbell, Harvey, Inc com..5 2 550 41.050 Hupp Motors com (new)....l Rights 6,100 Common (old)...........10 1,100 25 28,950 Illinois Brick Co 5,920 Illinois Nor Utilities pref.lfO (ndep Pneum Tool v t c • 2,600 New common v t c_.......* 7,000 Indiana Steel Prod com 1 11,520 800 1954 Sale 23 500 Ind Terr Ilium OH n v cl A..* Inland Steel rights (w 1)... Capital • 300 180 Interstate Power $7 pref....* 7 2 254 12 254 ..... 8 Jan. 28 8 3 6 Jan. 28 254 Jan. 24 Jan, 20 Sale 9 18:';.. 3 Jan. 3 4 26 6754 1554 3 54 1054 Jan. Jan. Jan. Jan. 27 24 28 21 250 600 2,600 $6 preferred 1054 1254 55 10 Sale 46 20 Jan. 28 354 Jan. 17 Jan. Jan. 21 8 454 1654 Sale 29 3254 10 1154 2054 21 354 354 5 6 21 7 4 . 200 121 4 3 554 Oct. 19 Oct. Oct. 2 19 19 Nov. 24 6 19 Oct. 3 Dec. Dec. 2 9 554 454 654 8 6 7 654 454 Sale 5 2654 20 28 15 1 28 17 29 19 12 13 28 1754 Jan. 18 41 Feb. Feb. 9 in 2654 4154 1254 4054 Aug. 23 Aug. 3 Jan. 9 mar 4 .June 31 15 Oct. Jan. 18 34 Jan. 13 12 Jan. 4 1454 Jan. 2054 Jan. 4 54 Jan. 31 12 Oct. 26 2b 18 Dec. 17 2 28 24 14 21 Oct. June 15 52 July 17 354 Dec. 30 46 19 20 3 Jan. 28 26 1654 10954 8354 85 4 Jan. Dec. Dec. 654 Jan. 7 28 Jan. 5 254 Jan. 11 Sale 44 1754 16 1354 18 854 Sale 11 27 5 16 Jan. 12 5254 1054 454 254 Jan. Jan. Jan. Jan. 26 26 10 2354 24 54 2154 Sale 42 Sale 19 Oct. 19 * 27 i 35 32 Jan. 17 32 Jan. 17 27 Oct. 18 2054 Jan. 754 Jan. 2354 Jan. 854 Jan. 11 12 1954 Oct. 554 Oct. 20 22 Jan. 10 Oct. 19 Jan. Jan. Jan. 20 4 11 554 Dec. 29 Jan. 14 Jan. 17 13 Jan. 3 6 Jan. 27 654 Jan. 654 Jan. 554 Jan. 20 Jan. 6 5 5 27 15 754 654 754 7 654 10 9 Dec. 28 554 Dec. 19 9 Dec. 28 Oct. 19 3 54 Oct. 5 67 June 2354 July 70 .Inly 2054 Feb. 14 Apr. 19 13 Mar. 8 26 Feb. 4 18 25 Jan. 4154 Jan. 1354 Jan. 1654 Jan. 8 Sale 854 954 854 Jan. 1054 11 1054 Jan. 154 Sale y 154 Jan. 554 Jan, '105 Jan. | 10 45 Jan. 14 40 Nov. 24 19 14 Jan. 10 14 Nov. 7 21 Jan; 12 16 Oct. 3 1154 Jan. 12 13 11 Jan. 5 4 2 Jan. 11 3 854 Jan. 11 3 25 754 Dec. 29 j 23 »n. 2754 Feb. 25 24 Sale 5 9 454 4 354 8 20 13 13 2* 31 108 Jan. 8 Oct. Jan. 25 92 Feb. 25 Jan. 26 29 Jan. 10 21 Nov. 22 49 Mar. 5 Jan. 31 7 Jan. 15 454 454 54 9954 354 Nov. Mar. May May Dec. 9 22 16 24 1054 May 18 6 8 454 Mar. 13 liz 28 100 14 3 19 25 May 15 May 25 1254 16 54 1954 ..... 1454 Sale 25 43 14 1454 2154 40 354 1554 1554 24 43 334 Jan. 15 Jan. 26 2254 Jan. 21 Jan. 25 1454 Jan. 2054 Jan. 26 4 Jan. 11 40 22 Jan. Jan. Jan. J an. 22 Jan. 8 554 Jan. 754 Jan. 13 6 29 Feb. 25 19 2854 Jan. 6054 Jan. 11 Jan. 16 2 4 11 Dec. 154 Dec. 'm May 2 Apr. 454 Oct. 19 92 23 454 Aug. May Apr. 1954 Jan 19 11154 Aug. Dec. 28 10 5254 May 17 21 54 June 4 80 Sale Sale 10 3 Mar. 11 Jan. 22 20 11 Dec. 9 Dec.'21 20 16 8 554 554 Sale Sale 107 10754 105 6 22 5^ 20 354 Oct. 8 Jan. 5 28 5 7 12 19 Feb. 8 554 May 26 1054 Jan. 3 38 Feb. 3 5054 Feb. 26 4254 Mar. 15 1254 July 14 2954 Jao- 28 14 754 Sale .Ian 554 May 22 27 Sale 15 Inly 17 354 Dec. 30 9 Feb. Jan. 23 24 Sale 18 27 15 25 10 954 Dec. 28 Dec. 28 45 954 Dec. 23 Dec. 2 14 6 654 6 54 8 554 Sale 5 554 16 26 ----- Oct. 5 15 554 554 20 6 1154 Jan. Jan. Jan. Jan. Jan. 5254 954 354 254 954 12 Mar. 31 Jan. 654 Jan. 254 Jan. Sale Sale 1 1 Jan 19 14 3 3 27 1154 jan 90 354 Jan. 2154 Jan. 54 24 154 Sale i554 12^4 51 9 Feb. 3254 jan 12 1554 Jan. 6 654 254 Sale Feb 2854 Apr. 3254 Apr. 31 Sale 22 Feb. Dec. 20 11054 Mar. 20 Oct. 19 2654 Feb. 11 Oct. 14 1054 Feb. 15 18 654 Jan. 1654 Jan. Jan 55 54 6 60 18 26 25 5-'4 19 Mar. 30 14 75 1854 354 2 54 254 Sale 12 1154 15 33 26 ! 30 22 2154 Sale 754 754 854 13 Sale 1354 4 10 ...... • 16,850 Iron Fireman Mfg Co vtc 119.950 Jarvls (W B) Co capital.....1 12,450 Jefferson Electric Co com...* 5,450 Joslyn Mfg A Supply Co com 5 400 Jan. 56 12 40,100 40 154 Oct 57 4254 450 ""400 6 654 25 700 1,050 970 1654 354 22 *27"" "30 " 1754 20 Horders Inc common.......* com 2 54 Jan. 46 Go*sard Co (HW) com.....* Great Lakes DAD com... * (Geo) 3 14 1454 Sale 3 Jan. 61 95 68 6 Goldblatt Bros Inc com—..* Hormel A Co Highest Sale Prices 52 12 3,830 4350 230 354 75 26 16 35 14 15 25 880 Heller (W E) pref w w Without warrants......... 900 4,340 Hlbb Spencer Bartlett com. 25 310 Lowest Sale Prices ,154 Jan. 154 Sale 21 31 10 8,380 Hall Printing Co com 5,450 Hamilton Mfg cl A part pf..l0 6,770 Harnischfetfer Corp com..10 88,800 Helleman Brew CoGcap...l 23,850 Heln Werner Motor Parts..3 340 254 50 454! . 50 854 22 20 A Dredge Co com * 9,700 1 24,950 Fuller Mfg Co common. 7,840 Gardner Denver Co com....* New common............* 18,740 S3 cum conr pref........20 3.150 7,700 General Candy Corp A.....5 157,050 General Finance Corp com. 1 394,310 Gen Household Utll com....* 1,150 5 1854 Pita Simons A Connell Dock 200 1,900 1354 754 Class A ---• 5,000 12,000 Dodge Mfg Corp common...* 22,660 Eddy Paper Corp (The).....* 5 121,450 El Household Utll Corp 15 21,570 Elgin Nat Watch Co 10 Empire Gas & Fuel 8% pf.100 7% preferred..........100 20 50 Fair,The common..........* 800 Sale 17 Common. .............-.10 Highest salt Prices 48 3 ♦ 210 Deep Rock Oil cony pref ........* 130 De Mete Inc pref 5 2,850 Dexter Co (The) com.. • 13,600 Dixie-Vortex Co com 470 1937 Lowest Ask 116 13 prof........35 (Alf) A Cohn— Preferred 154 Sale 65 Cum class A 220 70 YEAR Sale Prices Jan. 31 50 Cunningham Drug Stores 214 Curtis Lighting Inc com....* Dayton Rubber Mfg com....* 13,150 3 Ask Bid Bid Sale Cudahy Packing Co pref..l00 Decker 1,450 Jan. 1937 \Bid Ask 454 Sale —5 Par Shares 7,000 RANGE FOR Price Jan. 2 12 Months 1937 January 55 EXCHANGE PRICES IN JANUARY CHICAGO STOCK EXCHANGE SALES STOCK 5 29 18 27 29 Mar. Mar. Jan. Jan. Feb. Mar. 23 25 25 20 1554 18 54 23 54 40 y2 17 17 19 54 Dec. 27 1254 Dec. 28 13 54 Oct. 19 3 1954 Oct. 16 3854 Dec. 29 27 Feb. 2954 Feb. 51 Feb. 55 15 ii 13 4 Aug. 13 Kalsmasoo Stove- Capital stock..... .....10 1,460 1 118,650 Kats Drug Co com 84,546 Kellogg Switchboard com..lO 5.500 1,600 765 5,890 Kentucky Utll Jr cum pref.50 HO 1,900 80,870 38,600 67,900 76,530 3,350 59,250 2,200 10,840 110.700 53,230 3,670 12,500 120 Preferred..............100 """460 4454 46 1554 Sale 954 10 L" 700 700 3,800 1,250 50 700 110 1.000 3.050 1,900 100 450 * 2,850 1.400 Ken-RadTube A Lpcom A. fKerlyn OH Co La 8alle Ext Unlv com......5 Lawbeck Corp 6% cum pfdlOO Leath A Co common • Cumulative preferred....* 2 38 754 27 Sale 4054 8 2854 60 26 29 2554 2754 25 Jan. 5654 60 56 59 58 11 10 1154 10 Jan. Jan. 9 354 54 254 Sale Sale 354 33 25 354 4 26 21 Sale "954 Sale" 754 Sale 1154 Sale 3 $3.50 preferred Lindsay Light com 1# 4154 354 10 954 ....* Lion OH Ref Co * com 454 12 1654 654 Sale 37 Sale 2954 43 Sale 40 43 254 11 22 254 3654 454 5 654 Sale 4554 1654 1254 1 125 100 354 4 54 Sale 254 254 35 20 254 Sale 1954 20 854 954 29 Jan. 13 454 Jan. 22 Jan. 7 19 3 Jan. 6 4 30 Jan. 15 4 Jan. - Jan. 5 30 19 254 Jan. 2254 Jan. 954 Jan. 14 30 10 29 100 Mandel Bros Inc 754 Jan. 4 9 Jan. 11 354 3 Jan. 3 4 Jan. 21 19 24 54 27 Jan. 6 30 Jan. 7 20 45 254 Jan. 27 Sale 8 4 30 254 Sale 954 1054 1954 2254 2 254 30 3654 Jan. 9 J an. 22 3| 254 Jan. 19 271 61,000 * 1,480 Vfapes Cons Mfg capital 160,000 Marshall Field A Co com...* 150 Masontte Corp common.....* 100 25,550 6", 100 119,160 3,250 30 1554 ----- 31 4 Prior * preferred 654 3154 642,310 Middle West Corp capital...5 Stock purchase warrants.. 152,550 154,400 Midland United Co com—.* Convertible preferred • 58,610 6,960 Midland Utll *% pr lien.. 100 7% prior lien..........ISO 12,860 7% preferred A.........100 4,110 6% preferred A... 100 1,660 II.700 Miller A Hart Inc conv pref.* 42.750 8,900 1.300 1.250 30 150 60 290 15 ..... Sale Sale Sale Sale 11 Sale* I* I* 7 2854 1 54 2 Jan. 6 Jan. 7 1554 14 30 2954 Jan. 24 754 754 Sale 18,366 50 9,550 1,370 200 * sfodlne Mfg com Monroe Chemical Go com—* • Preferred.... 46 az* 49 754 ""200 4.150 3.37C 1,700 87,050 14,950 80 26.990 50 SpringflUed com.* Nachman 2254 20 30 1854 254 3 554 Sale 154 154 54 54 354 454 1 154 2 154 1 154 2 54 254 354 Sale 2054 354 50 3954 "2754 1954 Sale National Battery Co pref. 2854 2954 National Gypsum A n-v com.5 63 National Leather com—..10 154 12 Nat Mar 2 20 22 3 954 Jan 2 54 Jan. 14 19 33 34 July 654 Jan. 14 56 20 Oct. 22 28 4854 Feb 11 54 Mar 12 5754 Mar. 2 32 Jan. 7 2 54 June 4 454 jan. 22 25 Apr. 12 3054 Mar. 10 1454 Jan. 10 31 i8i Jan. 854 Sale 4 Dec. 24 Jan. 19 2154 5 4054 4 Sale 23 30- 12 754 20 20 10 2254 7 4 Oct. Jan. 19 Nov. 19 754 Jan. 28 954 Jan. 10 3 454 Jan. 8 Nov. 23 Dec. 24 18 18 354 Jan. 19 Dec. 29 4 70 7 Aug Jan. Feb. 26 6 29 20 454 Sale 554 654 23 26 354 4054 4254 4 24 Jan. 10 24 Jan. 10 Feb. 254 Sale 554 Sale 154 Sale 54 ,54 354 Sale 1 154 154 Sale 154 154 54 154 1 254 454 154 54 354 154 154 154 54 254 654 2154 454 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4 3 Jan. 10 Oct. 19 28 7 Jan. 5 Oct. 19 27 2 Jan. 10 Oct. 19 10 5 Oct. 11 5 Oct. 19 22 54 Jan. 5 1 Jan. 154 Jan. 20 Dec. 29 11 2 Jan. 19 Dec. 29 14 154 54 454 654 10 Nov. 29 5 Feb. 4 25 Dec. 24 18 854 Jan. 854 Jan. 18 13 Dec. 28 4654 Jan. 2 15 40 Jan. 27 25 13 14 4 19 6 Jan. Jan. Jan. Jan. 2754 Jan. 454 Jan. 4054 Jan. 31 Oct. 3154 Jan. 29 Mar 5 1554 754 154 1254 954 9j4 Jan. 11 31 22 Jan. 25 Jan. 25 Jan 16 Jan. 28 Feb. 5 Mar. 4 14 12 19 4 20 Oct. 4 4054 15 10 Jan. Dec. 11 50 40 July 14 Apr. 21 23 40 Apr. 21 1354" 23 15 Nov. 24 26 Feb. 23 754 9 7 15 22 Jan. 28 2254 Dec. 14 65 Jan. 8 54 June 14 554 Dec. 7 32 21 Sale 15 7 11 154 Jan. 2254 21 Jan. 25 2254 Jan 19 68 Nat'l Pressure Cooker Co...2 Jan Jan 24 Jan. 354 Sale 23 10 Mountain States Pow pref.100 2,700 Muskegon Mot Spec cl. A...* 54 Jan. 154 19 19 Minn's-Moline Pow Imp com.* 150 1,300 4 28 10 64 654 3354 July Jan. 25 June 1954 Sale 19 Mar. 17 Mar 29 25 5 19 dan. Jan. 54 254 Sale 2154 24 60 Feb ] Jan. 2 34 54 1 A com 240 Metrop Indust allot ctfs 117,350 Mickelberry's Pood Prod coml 3", 600 • Met A Mfrs Sec cl Jan 1 26 20 * cap.... Manhatt-Dearborn Corp com* Jan 3H Aug 50 1354 3454 19-14 1554 1254 20 100 VfcWIIllams Dredging Co....* 750 gM 15 1 12 354 Jan. 54 Jan. 254 Jan. 42 5254 254 954 1854 50 40 28 7 85 Llbby, McNeill A Llbby 10 Lincoln Printing Go com ...* Preferred.. 3 Jan. Sale 6 9 Le Rol Co common—.....10 * 6,890 McCord Rad A Mfg "A" 8,050 McGraw Electric com.....-.5 * 2,300 McQuay-Norrls Mfg com 170 8454 2154 A..5 common 51.950 Loudon Packing common...* —5 11.450 Lynch Corp common 340 8354 2054 Sale Kingsbury Brewing Co cap.l 30 91.000 ....100 6% preferred 38 Jan. 4 "6" t"654 . Dec. 654 Jan. 13 354 Jan. 4 3 54 Jan. 4 2 Oct. 3 2354 Jan. 54 Jan. 2354 Jan. 10 18 Jan. 14 7954 Apr. 254 Jan. 17 Apr. 3 12 9 1254 Jan. 12 Feb. 10 Oct. 654 Jan. 13 Republic Invest Trust— Cumul. conv. pref....—.* 854 Sale 454 3 454 23 National Standard- 1,700 500 7,500 , ""500 Common stock..........10 20,845 45,100 National Union Radio com.. 1 99.865 Noblltt-Sparks Ind Inc cap 5 Rights L 69.950 20 43.150 North Moerlcin Cer com 770 Northern Paper Mllli com.* 6.350 176.400 100 13.235 100 160 3,870 7,020 I. •*«») Northwest Lag Co coin. ; Nor West Utll pr lien pref. 100 preferred For footnotes see page 56. 154 4154 Sale 154 Sale 2054 Sale 54 1 19 Sale 2054 2154 54 Sale 1954 Sale Jan. 54 Jan. 31 4 1854 Jan. 100 12 12 54 Nov. 17 y Dec. '« Apr. 654 7 15 2 54 10 254 14 254 10 3 254 Jan. 5 254 Jan. 11 26 15 14 Sale 28 54 1054 12 10 13 654 Jan. 12 54 Jan. 19 854 Jan. 12 54 Jan. 71 Sale 32 34 21 36 22 Jan. 20 32 Jan. 8 11 14 10 Jan. 7 11 Jan. 13 m 3954 41 7 Sale 7 954 Sale 2 11 27 • ItalHOtf ,:»»m 30 20 19! II Oct. Dec. 554 Oct. 1054 Oct. »:!" 19; 37 Feb. 16 Feb. 3 Mar 29 5 2 15 Mar. 8 Feb. Sept. Jan. 32 Oct. 19 hi Jan 25 10 Dec 17' m j»n 25 5B CHICAGO . aggregate In STOCKS 1937 Shares Shares 3 Jan. 1937 Par Ask Bid 22)4 8 15 H 29)' 26. Sale 6 Bid 120 Okla Gas 8c El 7% prof 2.000 Ontario Mffl Go com— Ask Bid Highest YEAR Lowest Sale Prices Ask Sale Prices 1937 Sale Prices 16 105 115)4 21X Lowest Jan. 31 16 150 Nunn-Bush Shoe Co com_2^ 100 10 10 RANGE FOR Price Jan. 2 12 Months January EXCHANGE PRICES IN JANUARY CHICAGO STOCK EXCHANGE sales STOCK 12 100 12 17 100 25 13 Jan. 13 100 15 - 15 iJan. Highest Sale Prices 18 Dec. 30 Aug. 6 Oct. 19 116 Jan. 14 Dec. 27 22 July 15 Jan. 17 99 Jan. 25 9 734 Jan. 12 1534 Feb. 23 3034 Apr. 16 Jan" "26 2934 Jan. 18 23i Jan. 25 55 Feb. 26 2434 Mar. 8 1734 Jan. 14 Oahkosh B'Gosh Inc— 140 1,570 ""ioo 14)4 530 Convertible preferred....* 29 7,700 45,900 200 Common Parker Pen Co (The) com.. 10 Pea body Coal Co B com • 25 6% preferred...........100 conv A.. 10 51 600 "560 200 1,150 400 ""50 50 2,040 170 650 5.650 Rath Packing Co 540 6,650 Preferred 340 conv 950 900 4,850 260 350 950 120 50 20 230 950 5,250 1,050 ""650 1,900 8,550 1,850 77 77 500 4X 25 * 470 800 70)4 434 Jan. 34 Jan, Jan. 31 8 31 Jan. 434 Jan, .134 Jan. 134 Jan. 134 Jan. 8134 Jan. 8 6 134 Jan. 8134 Jan. Sale 134 Sale i Sale 1 1 134 134 70 70 Jan. 13 Jan. 13 934 Jan. 29 35 Jan. 11 734 Mar. 16 334 Feb. 1 Feb. 3 Jan. 20 534 334 434 9934 8 6 Jan. Jan. 18 12 Jan. 99 12 Jan. 27 34 Jan. 4 24 Jan. 28 12 Jan. 5 27 3 98 Jan. 12534 Jan. 18 Jan. 150 20 Jan. Jan. Jan. Mar. 12 Feb. 1 Feb. 11 Jan. 8" 111 Apr. 20 3434 May 10 234 Aug. 9 30 Feb. 11 Jan. Jan. 99 134 82 54 83 16H Sale 28 14 18 15 14" J3* 105 76 60 Sale 25 31 14 1234 134 34 134 Sale 434 5 39 40 4 634 3834 37 145 31 Sale 98 Jan. 90 72 Jan. 80 58 Jan. 10 1134 11 Jan. 28 234 Jan. 334 Jan. 28 •234 334 Sale 3934 10 12 10 7634 334 334 4 Jan. 31 Jan. Jan. 31 21 89 Nov. Jan. 18 71 60 Dec. Dec. Jan. 25 Jan. 15 Jan. 15 Jan. 11 634 Jan. 2 17 18 4 13 Jan. 17 3 4 1834 Jan. 11 Jan. 15 27 95 Dec. Dec. 1534 26 34 7834 71 34 4 34 434 Dec. 28 1154 Oct. 19 Jan. Dec. 134 Jan. 34 Jan. 134 Jan. 16 28 18 6 Jan. 14 3634 Jan. 17 134 Jan. 6 134 Jan. 34 Jan. 134 Jan. 12 7 8 134 Oct. 34 Dec. 134 Oct. 1034 Jan. Jan. 14 16 3634 Jan. 17 34 18 ■ 10 8 76 Jan. 11 Jan. 27 3 34 Jan. 7 434 Jan. 18 234 Oct 31 534 Jan. 534 Jan. 10 4 15 2 Jan. 22 1234 Jan. 1734 Jan. 12 1834 Jan. 131 1034 82 334 Jan. 79 15 34 Oct. 11 18 Oct. 6 120 10 76 Nov Mar. July Dec. 22 Apr. 9 Jan. 25 634 Feb. 4 14 23 26 Jan. 11 24 34 Feb. 40 Jan. 5 19 Jan. 19 4934 24 156 Dec. 30 Dec. 20 4 20 Dec. 21 2 Nov. 20 1034 Jan. 20 Sale Jan. Jan. Jan. Jan. 18 28 19 14 Nov. 23 134 3 2034 31 140, 28 1234 8 26 28 8334 Jan. 6 20 34 May 7 534 Jan. 28 6 Dec. 8 21 34 July 15 1534 Mar. 8 2834 Mar. 8 % Aug. 2 2834 Mar. 8 3334 Mar. 31 Dec. 9 6 9 Jan. '64 Aug. 1534 Oct. 2234 Nov. 534 Jan. 16 107 534 Dec. . 3 Jan. Jan. 934 Oct. 234 Oct. 13 3 7 Oct. 5 12 15 16 31 22 Mar. 2734 Mar. 7134 Dec. 22 Sale 34 134 Sale 1034 Apr 26 63 134 34 134 134 134 134 19 1834 Sale 137 34 139 34 131 Cum prior preferred......* 40 Dec. Oct. 75 Sale 10 Mar. Dec. 15 12 75 1734 3734 =»ale 35 16 10 "5 434 Jan. 1434 Jan. if* it* 60 Dec. 10 Jan. 1634 Jan. 2334 Jan. Sale 72 4 24 " Sale Nov. Dec. 11 934 Jan. 2434 50 15 Jan. 13* 28 8734 Mar. Apr. 2834 Feb. 98 Aug. 1434 Mar. 42 Dec. 14 Jan. 6 634 17 76 2134 17* 11 Sale 34 2 1634 3534 Sale 11 Jan. 27 100 18 72 70 65 5 Jan. 14 7334 71 234 Sale 3 2 10 434 4 Sale Jan. Sale 534 Sale 2334 1634 2234 32 12 14 2 11 7 Sale 534 934 25)4 Jan. Jan. 11 234 Sale AH 434 Sale 16 12 63 12 10 34 14 Jan. 2334 Nov. Jan. 534 2834 1734 1234 1634 234 27 27 28 71 95 70 18" "20~" 25 ft* 334 93 11H Sale Jan. 8 11 98 Sale 105 8334 85 1534 Sale 4*2 Sale Jan. Jan. 13 34 Jan, 6334 Jan. 27 12 1034 1634 Sale 16 6)4 Jan. 4 22 434 2434 "5 56 5 25 5534 23 23 H 2334 25 10 34 [12 Sale 4 29"" '32)4 com... • 134 Jan. 70 ft* Jan. 3734 734 334 3634 2034 11 23 Preferred 290 5 Sale 26 ....... 19,150 Williams Oil•O-Matic Jan. 1 73 Sale" 27)4 22 60 850 5 28 97 2034 30; ...» 28,160 Wahl Co com ...._..* 65,630 Walgreen Co com 2,570 Ward (Montgom) A Co cl A.* * 10,000 Wleboldt Stores Inc com 4,000 100 1 1 Ross Gear A Tool com.. 900 81 82 99 » 10 450 1234 Jan. 934 Jan. 5 97 Sale 9834 Sale 9534 Jan. 26 10034 137 140 137 Jan. 7 140 12634 142 17 1734 1734 1734 1634 Jan. 6 1734 2 Jan. 3 234 Sale 234 234 234 34 Sale 34 134 34 Jan. 3 134 10 Jan. 934 12 834 1034 1134 Sale 258,460 Utah Radio Products com..* 5 64,500 Utility 8c Ind Corp com Convertible preferred 7 70,700 200 Utility Power & Light cl A.l 2,160 Viking Pump Co common...* "ioo 24 1434 12c"iiDec. 18 122 Jan. 12 250 Union Carb & Carb cap... 100 U S Gypsum Co common 26 3,000 1,150 2,800 34 Jan. 4 34 oVA nl* 25 26,700 Thompson (J R) com 22,450 Trane Co (The) common....2 [550 IX 134 22 pref.* Common. ... 130 5 Jan. 1034 1234 834 28 Vs 134 * 4,750 Sangamo Electric Co Common (new)...... 16,250 29,765 Schwitzer Cummins capital. 1 * 9,860 Sears Roebuck 8c Co com 1 31,950 Serrlck Corp cl B com 5,150 Signode Steel 8trap Co pf_30 Common 17,260 2,480 Slvyer Steel Castings com—* 39,750 South Bend Lathe Wks cap 5 1,610 Sou Colo Power A common. 25 1*630 Southw GAR Co 7% pref.ltO j, 2,770 Southwestern Lt 8c Pow pfd_* i 2,430 St Louis Nat Stockyards cap * 177,570 Standard Dredge conv pref20 Common. 1 96,560 1,250 Standard Gas & Elec com...* * 5,150 Stein 8c Co (A) common 10 16,700 Storkllne Fur com 41,050 Sunstrand Mach Tool com..5 Rights 26,400 25 128,600 Swift 8c Co stk 15 63,350 Swift International 1,250 11 28 14 12 29 36 4 Yx ..........100 Rollins Hos Mills 12 734 Jan. 834 2734 1534 V* 50 13 X 49 9 Sale 23,370 106,550 330 1 VH Sale 90 8 26 H 53,650 Raytheon Mfg Co com rtc 50c 37.700 6% preferred v tc ....5 33,370 Reliance Mfg Co Common. 10 950 1,100 14 11 10 com 15 38 55 11,900 6,450 Penn Gas 8c Elec A com.....* ..* 4,110 Perfect Circle (The) Co 28,200 Pictorial Pap Pkg com......5 ...1 93,500 Pines WInterfront com 21,300 Potter Co (The) com........1 * 86,700 Prima Co common 10,150 Process Corporation com...* * 20,350 Pub Serv of Nor 111 com Common 60 3,500 6% preferred... 100 20,260 7% preferred 10,290 ....100 26,725 Quaker Oats Co com Preferred ......100 4,720 50 24 12 Penn Elec Switch 250 , 2)4 24 7 % 21 x H 20 Feb. 8 Feb. 15 2634 Mar. 10 93 June 19 12 34 Feb. 1 14 12 Mar. 6 4 Wisconsin Bankshares— 834 Sale 1334 Sale .__...* 2 61,110 Woodall Indust com.... ...5 1,000 Yates-Amer Mach cap 21,320 Yellow Cab Co Inc (Chic)..* • 187,700 Zenith Radio Corn com 600 2,050 9,250 ♦ Common 138,850 6,250 1,850 Sale 3 334 134 134 9 1034 1334 Sale 434 4 . 2534 Sale" 3434 Sale -. 434 134 934 13 34 Sale 434 2 34 1034 Sale 434 3 34 134 9)4 12 34 Jan. Jan. Jan. Jan. Jan. 4 28 28 28 No par value, t Formerly the A. & K. Petroleum Co.; change in title qpproved by stockholders April 13, 1937. C Stock split-up on a two-for-one basis, e 60% stock dividend paid Aug. 15,1936. x Ex-dividend, y Ex-rights. (1Continued from page 53) and with "The franc had weakened sharply just prior to the Cabi¬ net resignation. Serious labor and political difficulties, accompanied by Socialist demands for foreign exchange control, induced a capital flight in early January, which continued at accelerated an pace until Jan. 13. French official support being withdrawn on that day, the currency fell to $0.0323 during the course of trading, but recovered to $0.0329 at the close of business in New York. covering 15th the on balance, one-month and three-month contracts being quoted at discounts of 3 points and 10 points, respectively, at the close at 13% Dec. on 31, when the spot rate was $0.0339%, and 21% 234 134 634 1134 12 Dec. 28 Dec. 21 Oct. 19 1534 Feb. 19 234 Nov. 16 2754 Jan. 14 Dec. 29 43'4 New stock, Aug. 31 b Ex stock dividend. £136,880,252 in the Bank's statement just prior to of gold on Sept. 21, 1931. The Bank's gold the suspension holdings were all-time at high Sept. on 23, 11)36, at £328,068,140. Details of the gold movement to and from the Port of New York during January were outlined as follows in the "Monthly Review" of the Federal Reserve Bank of New York for Feb. 1: "In January the reported gold stock of the United States a reduction for the third successive roontlu The Short 17th and brought the rate back to $0.0337%, from which it again declined in a nervous and erratic market. Forward rates weakened over the month, on a Dec. showed January decline amounted to $5,000,000, bringing the total drop since Oct. 31 to $48,000,000. It was accompanied by a similar reduction in the inactive gold account ot the Treas¬ ury which coincided with an export of $5,000,000 of gold to France on Jan. 3. "Preliminary 13 11/16 points discount at the month-end, with spot francs figures of imports during January show receipts of $700,000 of gold from India at New York and $800,000 from Australia at the West Coast, the smallest at gross when the points discount, respectively, on Jan. 12, rate was $0.0338%, and at 5 3/16 and spot $0.0328%. ./'[•' inflow into the United "The capital flight from France during January induced fears for the belga, which weakened from $0.1696 at the figure, end of December to States since September, 1934. inactive gold account on ness of the which In company with the weak¬ dollar, however, it served to bid up the guilder, post-devaluation high in January at compared with a previous high of $0.5572 in reached $0.5592, $0.1688%. as a new These imports were not reflected in the reported gold stock they offset by other transactions. The Jan. 26 totaled $1,223,000,000." Canadian exchange was generally firm throughout Janu¬ were Montreal fund ranged between ary. and as a discount a of 3/64% premium of 5/128. December. narrow The Far Eastern exchanges remained pegged in markets as a result of official support. The Cana¬ dian dollar recovered from to a discount of reached par by a discount of 7/64% 1/32% at the opening of trading the eighth of the month, and on on French Jan. 3, situation went to a premium at the month-end." Changes in the gold holdings of the Bank of England dur¬ ing January were as follows: For the week ended Jan. 5 a a CONTINENTAL AND OTHER FOREIGN EXCHANGE Dec. 31 decrease of £123,999; for the week ended Jan. 12 decrease of £45,533; for the week ended Jan. 19 a decrease of seemed francs became to were extremely erratic especially observers that critical, the 011 nation's in two January. The occasions. monetary It situation might get entirely out of hand. It should be recalled that in December the spot franc was in New York at between 3.39 and 3.39%c. On Jan. 13 the franc dropped to 3.23c., the lowest level in 11 quoted years. On Jan. 27 the unit suffered another break, £73,091; for the week ended Jan. 26 a decrease of £29,154. Gold holdings on Jan. 26 stood at £326,961,566 com¬ pared with £314,059,960 declin¬ ing to 3.22%. around of £150,000,000 a earlier, with the minimum by the Cnnliffe Committee, year recommended In the last week of December the London check rate was 147.25 francs to the pound. Toward the end of (Continued on page 57) , —T Baltimore Stock Exchange MONTHLY AND YEARLY RECORD STOCK EXCHANGE RANGE OF PRICES ON BALTIMORE Stock Sales \ January Shares AGGREGATE In BONDS 3,000 3)*« Public Impt Ask Bid Ask Ask Bid Bid Highest Lowest Highest Sale P*ict> Sale Prices Sale Prices 101 1940 700 2d School Serial Jan. Jan. 10 101 10 MOO 72,500 22,200 "l",666 10334 June Apr. Dec. 11734 Nov. 11234 Dec. 116 May 110 117 1948 City 4s 3d Sewer Ser (cpn) '59 4s Sewerage Impt....... 1961 Jan. 118 1952 City 4s Dock Impt 1961 City 4s Engine house....1957 900 4s Paring Loan .....1951 3.600 334s New Sewerage Imp..1980 1,000 Bait Co 3d school 4)*•... 1*40 22,000 Atlantic Coast Line 5% ctfs.. Bait Harrisburg RR 1st 5% West Ext 1938 1,000 1,284,150 Bait Transit Co 4s flat..1976 A 5s flat 1975 393.450 B 5s 1975 43,500 24.500 Finance Co of Amer 4%..1942 21,000 4% 1947 8.000 Georgia Marble 6s flat...1950 17.000 Ga Southern 5c Fla 5s... 1945 v ""800 434a Sewer Mar 11634 Jan. Jan. 17 26 11734 Jan. 17 17 118 "§6)4 "99"" Jan. 27 6 12 25 97 Nov. Jan. 12 92 9934 10134 9934 101 Shares Drug 8c Chem 5 STOCKS, Shares 1,141 lis.1945 412 71,120 4,136 14,085 17,336 ~l".085 358 Arundel Corporation.......* (Conn)...M Atlantic Coast L 18 Bait Transit Co com v t c— • 1st Preferred r t c —» 115 Benesch & Sons Co Inc.....* 46 Sale Sale 16 15)4 2A ; """771 17,365 3,495 125 • Consol Gas KL&Power It® 5% preferred 110 Eastern Rolling Mil* com. 100 31.506 Eastern Sugar Assoc com —I 1,564 890 561 17,991 Preferred............ ....1 7.800 Fidelity ft Deposit.. 20 0,758 Fidelity ft Guar Fire Corp. 10 4,043 Finance Co of Am class A-.-* 186 130 790 254 .....100 Preferred Houston Oil 100 preferred 124 Humphrey Mfg Co com.....* 25 Preferred 25 110 1,348 3,989 3,408 34,336 175,927 218 167 19,500 9,724 115 Sale Sale *45 5* Sale" 65 114 44)* 1254 123"" 46 13)4 92 Sale 64 8)4 7 17 Sale Mfrs Finance common it. 209 10054 10)4 1st preferred ...—100 1 Mar Tex Oil 149 848 Northern Central Ry...... 10 725 298 33,300 Owings Mills Distillery 1 2,382 Penna Water ft Power com..* 16 25 Preferred * 530 Phillips Packing Co., pref.100 1,036 Seaboard Comm'l Preferred A 60 12 Sale" Sale ""93* "105* Jan. 7 22 1 Jan. 6 2)4 Jan. 17 "133* Jan"31 "1754 JanT'lI Jan. 7 233* Jan. 14 Jan. 31 70 10 114)* Jan. 17 Jan. Jan. Jan. Jan. Jan. 5 1 54 Dec. 28 2% Aug. 2 133* Dec. 29 20 Dec. 20 1 Sept. 1 *62 Oct. 19 110 J* Oct. 22 54 Nov. 633* Jan. 11354 Jan. 13 12 25 8 7 17 83* 183* 3 104A 29 353* 954 7 65* Jan. 26 Jan. 7 4 54 Dtc. 5 Oct. 9154 Jan. 333* Jan. 954 Jan. 10 89 Oct. Oct. 29 19 19 19 33?* Dec. 3 954 Dec. 29 12 Sept. 10 8 A 25* Sale 2)* Sale i4 "8" Sale Sale 25* Sale 5* 3* Jan. 7 Jan. 5* Jan. 23* Jan. 23* Jan. A Jan. 2A Jctn. 21 :\7 24 7 5* Jan. 21 31 3 3 •• Jan. 24 2)* Jan. 8 2 8 2 Mar. 54 3 Jau. 9 Jan. 22 4 11 20 3)4 May 11 Jan. 22 Nov. 3 1 Sept. 1 89)* Jan. 5 115 Jan. 2 38 25 6A Oct. 22 50)4 Jan. 8 Jan. 6 136 Apr 3 485* Jan. 22 1354 Mar. II 13)* Feb. 9 48 Feb. 15 Feb. 4 25 Apr. 21 24)4 Jan. 42)* Feb. 423* Jan. 90 Mar. 34 Dec. 654 Dec. A Dec. 21 21 23 H Apr 62 Jan Oct. 22 24 90 Oct. Mar. 13 1)4 12)* 25* 454 4)* Oct. Oct. 260 "45* Sale" 6 25 Feb. 2?* Nov. 6$ 7^ » Mar. 17 1003* Dec. 4 July 23 23 95 25 1023* Aug. 10 Oct. 19 Nov. 26 14 28 3 3 Jan. 21 Jan 15 Jan. Jan Apr. July 280 19 5 22 1? 1 15)4 Sale ¥ "p 72 74 42 24 '23?* "2454 25 "48" ~54~" 4054 45 103* Sale 1)4 15* 9354 97 A Sale 2)4 46)4 Sale 143* 233* 23* 46)4 25 26 19 Jan. 31 Jan. Jan. Jan. 15 12 22 Jan. 11 4 473* Jan. 27 1654 Jan. 255* Jan. 3 42 102)4::::: 1 mmmmm 91)* 109 A 105" Il4~~ 954 13* 103* Sale 83 81 „.?! 69* A Jan. 3 70 Jan. 26 75 Jan. 21 72 Jan. 954 Jan. 1)4 Jan. 19 6 Jan. 26 83 1154 15* 9454 3* Dec. 2 Oct. 15 Aug. 18 505* Dec. 31 Nov. 26 85* Oct. 19 Dec. Jan. 15 Jan.- 21 Jan. 7 Jan. 3 Jan. 10 72 1654 Sale 14 2 Oct. 19 Oct. 19 90 65>| Dec. 23 Jan. 13 275* Jan. 27 754 Apr. 27 82 Mar. 4 41 June 28 45 18 3* Feb. 2A Nov. Feb. 104 A* 95 2 1 Feb. 9 9 Feb. 10 108 May 26 111)* Mar. 17 70 Dec. 29 103 13)* Nov. 23 21 10 18 Mar. 1 Feb. 16 3 18 Feb. 15 10 —..25 2 146,500 U S Fidelity 8c Guar 2,924 Western National Bank...20 11,397 * com Class B 70 95 5 28 423* Amer Oil Co com...... 10 Jan. "2054 Sale" "14)* "15)* "14)* "15)4 "UAJan? ""4 "l73*"Jan?~n Common class A.........— 42,587 North 175* Jan. 95 July 10034 Jan. 55 12)4 14 1003* Sept. 24 96 Aug. 26 93 May 3 723* Feb. 11 25 Second preferred....... 100 120 National Marine Bank ..30 74,038 New Amsterdam Casualty..2 2,894 9,430 27 154 .* 9,613 Merch Ac Miners Tranap * 8,002 Monon W Psnn PS 7% pref 25 1,342 Mt Vern-VVood) Mills Com 100 Preferred.............. 100 5,298 38 27 10134 Jan. 5* Jan. 13* Jan. 16 15 36 954 Aug. 23 Jan. 15 Jan. 14 27 5 5* :5H 65* ..... 122 Sale Sale 8 15 Oct. 104 .. 87 38 Mercantile Trust Go.......50 319 497 9734 Jan. 27 * Class B 311 88,572 1554 Jan. 20 7 Ga Sop 8c Fla Ry 1st pref..100 3,074 Guilford Realty com.... * 1,563 Sale 254 Sale 13)* Black 8c Decker common... * 195 Brager Elsenberg Inc com. .50 100 Chalmers Oil 8c Gas pref..... 165 10134 Jan. 25 Sale" 54 2)* 15* Sale 8 165* 155* 91 Sale 5* 10 23 Jan. 48 par 15,358 100 11 ~9934 Nov." "3 16134 Y-- 101X Feb. 28 12 Aug. 3 Apr. 14 100 98 34 Sept 8 983* Sept. 8 993* Oct. 20 9934 Oct. 20 993* Nov. 2 9934 Nov. 2 993* 100=14 28 29 99 993* 9934 101 993* 993* 9934 Jan. 1949 5% 1950 1,000 Knoxrllle Tract 1st 5%. 1938 8 22 117 413* Jan. Sept. Dec. 97 10334 June Mar. Dec. 1173* Nov. 11234 Dec. 116 May 119 Jan. 11734 Dec. 119 July 1163* Aug. 113 101 83)4 Oct. 6734 June T.ooo 49,000 Read 4 Oct. Jan. 95 1.000 Interstate Co 5%.......1945 1.000 5% 1948 i",666 12 223* Oct. 27 91 2134 Jan. 243* Jan. 97 97 91 93 9134 Sale Sale 2134 2534 2334 Jan. 95 25 28 Oct. 101 Sale Sale 23 8 16 28 29 11734 Dec. 10 11334 May 6 116 3* Aug. 23 11134 Dec. 10 115 108 Feb. 16 115 10834 •'an. 15 1083* 9434 Dec. 31 10634 Interstate Bond Co coll tr 5% Feb. 115 Il2" JanT"l7 112"" Jan7"l7 8.000 5% series BBB 1944-51 5.000 Interstate Co 4X.......1942 1,000 1937 Lmoest 700 4a Annex Improvement.. 1951 7,700 City 4s Annex Impt..... 1954 1,000 City 4s Art Museum (cpn)1963 3,300 2,000 9,700 500 1,500 2,000 YEAR Sale Prices Jan. 31 3 Jan. 1937 BALTIMORE CITY BONDS— 100 RANGE FOR Price Jan. 2 12 Months 1937 January 1936 $2,877,550 PRICES IN JANUARY BALTIMORE STOCK EXCHANGE SALES 1937 Jan. 1 to Dec. 31 899,543 858,504 1937 $131,550 $1,961,150 1936 1937 Jan. 1 to Dec. 31--.. 1938 $100,700 January. 80,450 65,276 „ Bond Sales 1937 1938 28 Sale 35)* 13)* 32)* Sale" 13)* 34 Sale" 3654 Jan. 135* Jan. 32 A Jan. 12 31 10 Feb. Dec. 28 Oct. 19 153* Oct. 29 6 34 153* Jan. 17 11 Jan. 7 37 33 Jan. 10 45 Apr. 24 29 X Jan. 16 Jan. 5 37 No par value (Continued from page 56) Paris to 155 francs to pound, the most unfavorable rate ever quoted in Lon¬ January the franc moved against the don against severe Paris. future francs were constantly at a discount in terms of the basic cable rate, ranging During the from 5 to 13 month points discount for 30-day francs and from 11 points to 2V/j points discount for 90-day futures. Uneasiness was aroused immediately after the turn of the by renewal of labor disturbances in Paris and other districts originating in dissatisfaction with the Chautemps year government's action to modify the 40-hour week with a view to lightening the burdens on production and to shape poli¬ cies in accordance with Centrist ideas rather than to accord with the radical Popular Front conceptions. (Continued on page 59) " ' Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales January ' 1938 • Shares_ _ 1937 436,130 1937 Jan. 1 to Dec. 31 AGGREGATE 6,606,434 SALES January PRICES IN JANUARY BONDS 1937 1948 1948 STOCKS 14,017 7,980 2,422 125,200 150 22 14,398 68 ^642 -$917 865 3,522 1,693 733 Amer 6% 350 i",o66 35,290 28,088 4,772 9,190 1,159 3,061 715 100 100 193 ""16 670 """"83 3.582 849 ""265 6,505 56 ♦ 100 548 J V Amer Telep & Teletf 100 Blgelow-San Carpet pref.lM Boston Oc Albany... lit 688 470 1,053 60 2,200 48 1,488 22,908 6,851 27,037 4.536 9,790 87,077 9,667 73.544 338 135 700 2,300 Prop Tr 991 12,203 760 970 4,210 116 632 18,334 25 100 ..100 • v c c Mayflower-Old Col Copper. 25 Mergenthaler Linotype * Narragansett Rac*g Assn fuel . Nat Service Co com shs t 28,142 21 Old Colony.... ■ ...m ""7", 170 ........ Torrlngton Co (New) ' Union Copper Ld 0c Mln Co 25 . 5 Corp...52 Preferred 25 Utah Apex Mining Utah Metal ft Tunnel. ... . 1 Venezuela Holding Corp.. "l 110 Venezuela Mexican Oil CrpIO 16 1,236 859 17 • No nar 104 Vermont A: Mass Ry Co.__100 16,235 Waldorf System Inc.......* 26,074 Warren Bros 2,961 Warren (S D) ft Co value, x Ex-dividend. Sale "• com * Jan. 60c Jan. 28 1% Jan. 7 Jan. 7 Nov. 22 4 108% Jan. 12 122% Jan. 6 101 Jan. 3 56 Jan. 3 5 20% Jan. 2% Jan. 3% Jan. Jan. Jan. 3 87 75% Nov. It 47 13 5 4% 31 12 3 3% Jan. 28 31 4% Jan. 11 18 3% Jan. 18 31 5 31 Jan. 10 12 12% Jan. 70 70 75 2% 3 1% 7% 8% % 5% Sale Sale 70c Sale 50 35c Jan. "7% 29 2% Jan. 49% Jan. 17 20 25 27 85c 16 16 Jan. Sale 5 8% 6 Jan. 3 1% 3% 2 1% Jan. 2% Jan. 28 27% 3X 2% \V* Sale a" 20 35 15 11% 16% 3 4i| Jan. 3 51% Jan. 30% Jan. 21 Jan. 5 % Jan, 24 1 31 22 27 4 24 4 7 Jan. 1C Jan. IS Sale 20 7 Jan. 6% Jan. 13 2 Jan. 13 2 3% Jan. 22 20 Jan. 2% 15% Jan. 18 Jan. 30 Jan. Jan. 14 13% m m — — m 5% 50 1 10 11% 37% 38% 3% Sale 6% % 56 Me 12 %c 4 25c 1X 14 70c 24 42c 20% Sale 2X 25* 3k 14% Sale 3% Sale 31 48c 40c 19 % Jan. 14 19 Jan. 26 Jan. 26 1 1% Jan. Sale 56 "35c 27 % 89 % Sale 42 *£ IX IX Sale IX 2 7 7X 131 16 X 17 10% 11 41*4 1% 35 5 Sale 19 19 2% 9% 10 91c 35 2% 23% 2% 10 Dec. 23 19 Jan. 15 2% Jan. 12 22% 4% Sale 31 5 10c 10c Jan. 31 1% Jan. 4 10c 18 21 Jan. Sale 8 11 24% 5% % 2% Jan Jan. Jan. Jan. 10 22 11 2 Jan. 8 Jan. 21 31 102 26 8 Jan. 97 10 75 65 Jan. 27 2 Jan. 5 Jan. 3 4% Jan. 3% Jan. "3 65 26 Jan. 6 Jan. 26 Jan. 27 2% Jan. 79c 5 18 12 Jan. 10 30c 18 Jam "5 3% Jan. 27 5 Jan. 20 30c Jan. 20 13% Jan. 19% Jan. 28 28 16% Jan. 24% Jan. 17 5 4% Jan. Sale 1% 51 35c 19 20 71% 38% Sale Sale 90c Sale 1 3 100 7% 3% 20 43/8 75c 35 Sale 25c 1% 3% 23 VA Sale 19% 9 6 10 Jan. 5 7% Jan. 27 90c 91c Jan. 18 45 40% Jan. 25% Jan. 5 Sale 25c Oct. 10c 35c 21 31 20 Jan. 7 2% Jan. 10% Jan. 11% Jan. 22 91c Jan. 18 40% Jan. 5 27 Jan. 10 3% Dec. 27 2% Dec. 29 Nov. 9 10% Oct. 19 19% Oct. 19 25c 19% Jan. 20 i 91c 40 21 * Oct. 19 Nov. 26 Nov. 12 Dec. 11 Aug. 2 18% Nov. 29 64% Oct. 19 Jan. 15 31 95c 36% Apr. 28 1% Jan. 7 90c 3 1% Jan. 10 51c 3% 110 7% 7% 3% Sale 21 23 101 Jan. 7 Jan. 3 3% Jan. 31 20 Jan. 14 103 7 Jan. 8% Jan. 4% Jan. 20 Jan. 51 5 20 18 10 0 20 29% Jan. 8 23 5 June 1% Jan. 18 44% Jan. ^0 50 25 77% Jan. 41 % Jan. 3 Mar. 3% Jan. Mar. 56 Feb. Apr. Mar. z6 Mar. 54 Feb. Nov. 27 Nor. 22 9% Dec. 15 3 Jan. 64 5 Mar. 17 ,S32 Mar. 11 31 Sale 24% May 4 10 11% Mar. 11 Jan. 12 Jan. 2 25c x70 Mar. 6% Jan. 19 Dec. 17 38% Jan. Sale 27 2 7 10 19 16 15 22* Dec. 27 98 Nov. 4 142 Mar. 4 10 Feb. 26 10% Feb. 20 68% Dec. 24 93 Jan. 11 1% Oct. 19 9% Mar. 8 36c Dec. 14 2% Mar. 31 108 June 16 113% Mar. 17 12 17 19 Sept. Oct. 41% Sale a;70 107 Sale 3% o Sale 20 2 'vr 2% 9% 9% 2% Jan. 19% Jan. 2% Jan. 1 Mar. 3 Dec. 29 10 11 Nov. 30 Oct. 30 Dec. 29 Oct. 18 Dec. Jan. 26 42c 2g* 26c 5 2% 8 14% Jan. 22 20% Feb. 1 Oct. 22 12% 13% 21% Sale 3 10 2% Jan. 4 5 19 May Oct. 3 X June 13 1% Jan. Jan, 22% Jan. 3% Jan. 5 19 Oct. 9 Oct. 27 40c Oct. Oct. 11 Jan. 4% 3% May 3 101 17c May 10 0 4 Mar. 11 15 14 9 J3/8 47 Jan. Jan. 14 53c Dec. 29 Jan. 31 1% 9 21 2 Jan. 49c si* 50 18 97 10 Jan. 18 r 69 Jan. 10 Mar. 5 Jan. 18 15% Mar. 4 7 Jan. 2 12 Jan. 2 53% Jan. 4 19 1 ik Jan. Dec. 28 13 2 11 15 1 ft* Feb. Oct. 20 Sale 12 Jan. 20 28 30c Sale 23 13 12 25c 35c 18 Jan. 30c 15 ■58 16 1% Dec. Oct. 6»t Mar. 26% 34c 10 "lli Sale" Sale 14 29 % 27 Sale "I% "2% 30c 14 «*M* 50 10 Jan. ..... 3% 2% Jan. 35c 60 99% ..... I* 6 10c Sale 3% 5% Sale 40 % 2' 7 22 Dec. 15 Dec. 29 12 Dec. 31 Oct. 0 10 2% Jan. 22% Jan. 19 J 25c 24 7 1% 65c 110% 22% 10 29 Sale Dec. 22 8 13 26% Mar. Jan. it* 19 21 Oct. 13% Jan. 6% Jan. 22 8 Mar. 27 Dec. 21 Oct. 8 Mar. Dec. Oct. 2 24% Mar. Nov. 29 12 Jan. 19% 23% 1% Sale 18 15% V/* 7% Jan. 10% Jan. Jan. Jan. 22 5 4 14 2 20 35c 40c "13% "18" 19 5 6% Jai}. 9% Jan. 27c 29 45c 50c 19 29 Nov. 15c Sale 20 28c 45c 18 2 *4% 53 2 1% Sale 2% 18% 10 9 1% "2" 6% A* 9% Sale 2% 1% 24 2% Dec. 29 ft 10c 2 7% 1% 6% Dec. 20 101 15c 1% 9 4 0 10% Mar. 23 14% Mar. 25 10 Mar. 23 56% Mar. 8 20 Mar. 8 18 Mar. 30 24 Mar. 4 21 Mar. 5 23 Mar. 30 12 28 27% A* 75c 23 7 15% 16% Dec. 31 Dec. Apr. 29 Jam 75c 3 2% 49% Sale V' 3% Dec. 31 4 6% Oct. Dec. 29 63 10% Jan. 4% Jan. 3 3% Nov. 23 2% Dec. 15 Jan. Jan. 69% Mar. 30% Jan. 18 Jan. 17 151 Feb. 1% Dec. 30 7% Feb. 3% Oct. 19 20% Jan. Jan. 6% Jan. 16 160 Dec. 30 Dec. 29 J 12% Jan. 60 Sale Dec. 20 15 4 3 2 Jan. 19 187% Jan Feb. Dec. 30 14 2% Jail 6% Jan 30 28 115 18% Oct. 19 Sept. 27 Jan. 4% Jan. Sale Oct. Oct. Nov. Jan. Jan. 21 Nov. 17 88% Dec. 28 147 115 Jan. 9 Dec. X Oct-. 12 139% 14 Jan. 3 51c 14 11 14 Jan. 31 149% Jan. 31 94 Jan. 3% Jan. 11% 15% 27% .. Union Twist Drill United Shoe Mach 80 2 5.533 Suburban Elec Secur com..* 2d preferred "12" Sale 2.50 Jan. 118 118% Sale 50% Sale 48% 20 19 20% 2% Sale 2% Sale 3% 3% 1% 9% Sale 9% 3% Sale 3% 3 6 Ilit . 139% Jan. i* 20 25 2,847 Sale 90c 2.828 Keece Button Hole Mach..ie c:. 484 Sale 3 1,741 Reece Folding Mach Co 10 35,860 Shawmut Assn TG 60.363 Stone ft Webster Inc cap atk ""220 Sale 49% 26% 100 480 Sale X 4% 214 23.437 28,765 11,539 50,939 5.030 32,345 378,816 4,288 Sale 35c Sale H)___l__100 6 14 Jan. 91% Jan. 1% 8 8 Sale Jan. 1% Jan. 88 7 25 70 13 Sale Sale 10 70 91 60,520 Quincy Mining Co 3,169 51c 3 140 10 10.109 Pacific Mills. ..........1M 22,745 Pennsylvania RR II 51 Rights... 65.453 2,341 4,352 Jan. 78 75% Nov. 17 Sale 6 100 Certificates of deposit..... 1.225 4.012 Old Dominion Co... 25 "3,035 21 3 100 com 18,779 473,342 North Butte 15l 65% Jan. 94 3X' 1 c N Y N H Ac Hartford 200 552 2,833 140% 3% * Chew's Theatres 342 Northern RR (N 70 21 1% 19% 20 Maine Central Preferred 5% 210 New River Co Preferred 933 18 10 3 100 National Tunnel & Mines..* 300 N E Gas & El Assn pref.. * 23,123 New England Tel 0t Tel_.ZlM 25 61 Jan. 60c 1 3 ...... Mass (Jtll Associates 19 75 Highest Sale Prices Jan. 2* Jan. 28 104 Dec. 30 89 Feb. 23 Dec. 9 95 Jan. 4 95% May 17 101 51c 100 591 Int'l Button Hole Mach Co. 10 75,915 Isle Royel Copper. 25 15 63% Jan. 28 88 stampedlOO ..... 250 7 Jan. 94 2X 3X IX 10% 3X Class B 1st pref stamped 100 Class B 1st preferred 100 Class C 1st pref stamped 100 1st pref class C 100 Class D 1st pref 2.535 Hathaway Bakeries cl A 841 Preferred... .* Class B "" * 10,767 11.549 Helvetia Oil Co tr ctfs___"Il 1I6 Jan. Sale 1!?* 8* S111ZZ100 1,117 Economy Grocery Stores."* 22,528 Employers* Group Assoc T C* 4,768 fitneraI Capital Corp • 17 General Stockyards Corp pf.» 805 Georgian Inc (The) com * A 2.086 preferred........ 20 9.065 Gilchrist Co........ " * 24,114 Gillette Safety RaxorCoIII" 1,443 203 Sale 85 Prior pref ......100 Class A 1st pref stamped 100 1st preferred class A 100 Preferred 58 —ft 14 143% 4,526 Adjustment. ....100 18,703 Eastern SS Lines* Inc. 50 " 80c 2 IX ...... 1,935 Lowest 65% Jan. 78 12 X 6% Cum preferred.....100 9,692 8,695 Bast Mass St Ry Co.......l00 First preferred... 4,034 IB Preferred B_. 2,140 ix 98 1937 Sale Prices 60 63% Sale 70 55c ... 331 296 514 57 78 8,858 common 74,336 Calumet A: Hecla 25 824 Cliff Mining Co...........25 93,325 Copper Range Co 25 5,640 East Boston Co..... • 6,746 Eastern Gas Ar Fuel Assn com Cum Prior pref... 100 8,152 """397 Highest Sale Prices 70 Brown Ac Durrel Co "3", 940 Lowest Sale Prices Ask 63 78 preferred___50 First preferred M 1st pref class D Boston Personal YEAR Par Pneumatic Service 738 Boston Ac Providence "2",288 62% 80 78 non-cum Preferred 1936 $602,950 RANGE FOR 103% 60 72% ...... " Jan. 31 Ask Bid 94 ... 132 Bid 87% 36,898 Boston Edison Co.. ..100 22,834 Boston Elevated 100 17,894 Boston Herald Traveler Corp* 1,804 Boston & Maine pref stpd.lOS 4,352 Common.. ..._.._100 120 3 Jan. Ask Bid 1949 Series C 6s Series D 6s.... Series E 6s Shares 250 1 Bast Mass StRH serA «Hi 1949 Series B 0s 1949 4,000 Shares. 1937 $483,350 Price 347,500 104,850 15,200 5,750 ""600 1937 $114,350 Jan. 2 $ 4,000 Boston Term Co 1st 3%i.I947 7,000 5,250 1938 $12,850 Jan. 1 to Dec. 31 6,747,981 BOSTON 12 Months 1937 Sales January. 1936 STOCK EXCHANGE In Bond 856,059 Jan. 12 Jan. 25 Feb. 20 33% Jan. 0 Feb. 10 3 165 £* Feb. 18 41% May 21 Mar. 11 33 Mar. 10 98 Jan. 20 46% Jan. 25 6% Feb. 23 Oct.. 19 2% 1% Apr. 20 2% 4% Sept. 21 100 Dec. 23 130 7 Dec. 29 19% n21A Oct. 18 12% 22 Dec. 27 46 June Mar Jan. 7 2 21 Apr. 21 Feb. Jan. Feb 11 1 EXCHANGE RANGE OF PRICES ON PITTSBURGH STOCK 123,106 Is'-.■ Shares January. Jan. 1 to Dec. 31 AQQREQATE ; 1937 BONDS 6,429 Allegheny St**!.. 10 1,588 503 10,690 20,501 35,255 1,034 1.086 1.282 116 150 Clark (D L) 100 50 ""25 785 19 175 817 7,586 5,482 600 974 6,683 4,660 20 10 2,500 500 130 111 613 2,931 535 ""206 240 100 1,200 3,789 1,000 782 700 355 2,200 3,033 529 Mar. 17 4 Mar. Dec. 13 111 28 27 0 Jan. Feb. 8 6% Jan. Jan, Jan. 13 4 6 Sale 31% Sale 31 Jan. 27 39 Mar. 12 12 Sale' 11% 9% Sale Sale 11% Jan. 29 14% Jan. 11% Jan. July .Inly 8 Mar. 10 8% Jan. 6 2% Sale 1% Sale 1% Sale 3 % Jan. 3 1% Jan. th::::: 3% 8% 4 Sale 4 4% Sale 3% Jan. 7 Jan. 5 4% Jan. 13 28 Jan. Renner Co 53.205 1,905 2,405 192,443 161,060 5,588 7 7% 9 14 18 16 19 18 Sale 10 31 1 Sale IX 19% 23 Jan. 15 7 Jan. 29 7 Jan. 29 Jan. 19 Jan. 17 19 Jan. 17 Feb. 8 26 18 Feb. Feb. 8 70c 176,084 5,565 1,977 13.533 5,621 3.360 65,606 2,061 35,883 8,351 2 Sale lH Btn 3% 35 8 85c Jan. 11 Jan. 13 Jan. Jan. 80c Jan. 28 Jan. 11% Jan. 30 1 3 1% Sale 6% Sale 37% 5% 2% 1% 24 Jan. 11 Jan. 31 73% Jan. 24 3 105 24 Jan. Jan. Jan. Jan. Jan. Jan. 12 17 12 25 9 8 31 28 25 Sept. 27 17 1 % 43% 6% 3% 1% Jan. , 5% Oct. 1 35 Feb. 11 Jan. 15 3 Jan. Jan. Jan. Jan. Jan. 30 5 9 Aug. 24 Sept. 10 7 25 7% 1% 37% 5% Sale 1 ....... Jan. 11 100% Jan. Sale 7% Sale 7% 37% Sale 6 % Sale 1% 2 1% 12 Jan. 69 Sale 102% Sale 100% 22 25 35 16 15 Feb. Oct. I Mar. Nov. | Jan. 3% Oct. 1% Oct. 5 11 Mar. 11 8c 5c 4 Sale 22% 18 4c Jan. Jan. Jan. 6c 12 5c Jan. 10 4c Dec. Jan., 14 5c Sale 3 20% 1% Jan. 4c 5c 10c 4c 14 18 8 10c 7c Jan. 12 7c Jan. 6c Dec. Jan. 14 2% Jan. 22% Jan. 27 3 Jan. 12 3 2 25 Jan. 14 2% Oct. Dec. i Feb. 8 Feb. 9 ! Aug. 18 July 27 Jan. 2 25 3 J* 24 26 4 8 1 Sale 7 18% Sale 31 7 Jan. 7 1 % Jan. 83% Jan. 6% Jan. 2% Sale 1% 83% Sale Sale 1% 86% Jan. 22 12 9% Jan. 1% Jan. 90% Jan. 31 28 i May 11 Oct. 22% Oct. 30 Oct. Feb. 4 Mar. 12 5% Nov. 1% Feb. Nov. 3 12 30 ; Feb. | Mar. 80 "il"" 7% 8 4 8 9 Jan. 10 4% Oct. Jan. 31 10 Jan. 10 5 Oct. 90 Sale Sale 7 13% 8 Jan. 17 13% Jan. 26 18% Jan. 13 12% Oct. 6 1% Jan. 2% Jan. 14% Jan. 10 14 95c 2 20 15% July 6 Jan. lc Jan. 14 2c Jan. 5 Jan. 18 2% Dec. 30 Jan. Feb. 30 June 17 5 "I" "95" 1% 1% 1% 2% 1% 1% Jan. 1 Spring......* ....—* Engine Ac Fdy 5 3c lc 2c lc 2c lc Jan. 14 6% 6% 2% 2% 3 3% 2% Jan. 4 4 Jan. 12 7 3 7 Jan. 3 14 Sale 7 .... 29% 2 Steel......* 1 7 Sale 100 Sale 4 30% 1% 60c 24 12 18 Jan. 31 45 Jan. 14 7 Jan. 7 60c Jan. 7 60c Sale 28 42 '"!% "1% 42 LOO Jan. 34% Jan. 1% Jan. 7% Jan. 30% Jan. 1 % Jan. 8% 7% 9 Sale Sale 9 3 8 Jan. Dec. 29 Mar. 11 May 12 Dec. 28 Aug. 21 May 11 June May Sale 100% Sale 21 Sale Sale 21% 93% Oct. 19 19 14 19 60c Oct. Jan. 28 18 Oct. 10 89 Sept. Feb. Nov. 22 10 107% Jan. 16 10 28 25 Mar. 3 Feb. 13 22 12 "29 "27% Jan" Jan. 91% Jan. Jan. Oct. 15 Dec. 29 Oct. 40 29 Nov. 26 19 2 29 Apr. 22 23% Oct. 111 4 24 Jan. 3 65c 60c 65c Waverly OH Works—CI. "A"* 50 7 110 44 95c Jan. 9c 22 7% United States Glass.......25 Westlnghouse Air Brake....* 6 20 2 2c ... Victor Brewing Co..... Jan. 14% Jan. "18% "!§"% Standard Steel Westghouse EI 8c Mfg.. Jan. 4 5% Oct. 5c 4c .—............1 Vanadium Alloy 14 3 Mar. ----- 25*::::: 6% Preferred ...........10 6% preferred... ..100 Rights.. ... United 4 2% Jan. 75c 10 8% 69 11% Sale 27 12% Jan. 14 75c 97 107" Sale" common....* Mfg.................5 Toy Mining............1 New 20% Jan. *ii" 93 10 Aug. 24 10 10 75c ----- 14 10 19% 12% Sale 12% 13 20 7 7 19 2% Jan. 2% Sale 2% 20% Ruud — Feb. Jan. Apr. 6 Apr. 5 Aug. 19 5 8hamrock OH A Gas Feb. i Reymer & Bros San 7 27 25 Feb. 16 Mar. 3 8 Jan. Candy.........* 5,484 Plymouth Oil Co 170 240 21% Jan. 108 26 32% 17,385 Pittsburg Browing .....* Preferred........... * 8,159 305 Pittsburgh Coal Co com.. 100 Preferred .....100 111 6,253 Pittsburgh Forging*...--..1 14,369 Pittsburgh Oil (k Gsu__...._5 3,799 Pittsburgh Plato Glass—..25 42,813 Pitts Screw Jc Bolt Corp.... • 17.449 Pittsburgh Steel Foundry..* Preferred—..........riOO 263 661 2,850 8% Sale 10% 10 137,654 Lone Star Gas 48,965 McKlnney Manufacturing..* ....6 6,488 Mesta Machine 220,082 Mountain Fuel Supply.... 10 79,694 Nat Flreprooflng Corp com.5 1,390 Penn Federal Corp common.* 356 4%% Preferred.....—50 161,820 Phoenix OH com.........25c Preferred................1 25,390 485 27 107% Jan. Jan. 3% Jan. 6% Jan. • common.....* ...........* Copperweld Steel .....10 Crandall Melt& Hand.. ....* Devonian Oil.............It Duff-Norton Mfg Co * Duquesne Brewing .......5 Electric Products ......* Follansbee Bros pref ltt Fort Pitt Brewing..........1 Herb-Walker Refrac com...* Home (Jos) common.....100 Preferred....... —100 Jeannette Glass preferredlOO Jones & Laughlln St'l pref 100 Koppers Gas k Coke pref.ltO 212 ----- Highest Sale Prices 15% Jan. 15% Sale Sale Preferred.. 36.448 7,505 20,806 65,163 9,685 770 Lowest Sale Prices Consol Ice Co 16,292 "345 Highest Sale Prices May 26 Columbia Gas Ac Electric...* 935 130 ""981 Ask 107 17% * ... 2,414 Byers (A M) "ll3 Lowest Sale Prices Jan. 31 .........100 Preferred 10 Caloriztng Co preferred....25 241.958 Carnegie Metals..... 1 155,460 Rights 635 Central Ohio Steel Prod 1 1,680 2,993 3 Ask Bid Bid 107 4,575 Arkansas Nat Gas Corp ....* 4,562 Preferred It 14.532 Armstrong Cork Co.........* 69,692 Rights ............. 23,263 Bis w-Knox Co "3,742 1937 STOCKS Shares * YEAR RANGE FOR PRICES IN JANUARY Jan. Ask 25,000 Plttftburgh Brewing 6s... 1949 93 $6,000 $25,000 Jan. 1 to Dec. 31 »: 1937 Bid 7,000 ""125 1936 1937 Price % 1,993 $1,000 $7,000 Jan. 2 > Shares - January 2,942,637 PITTSBURGH STOCK EXCHANGE 1937 1938 1936 12 Months January 371,641 2,541,098 SALES In 1937 Bond Sales ' i j 1938 1937 Stock Sales Feb. 8 4 23 Mar. 8 Jan. 22 UNLISTED. 886 Lone Star Gas 4%% pref. 100 1 8,947 PennroodCorp v rc 10 830 * . No par valu«» r . .. 112 _ 2% Funds 'began (Continued from page 57) imported not less than $45,000,000 New York between Oct. 2 and Jan. 4 seemed to have had no real influence in restoring confidence. The Bank of France statement for the week ended Dec. 31, which of gold from made Jan. 6, disclosed that the Treasury had the Bank of France 5,000,000,000 francs, with¬ public borrowed at on This disclosure caused great uneasiness in financial circles abroad, as the state¬ out interest, to meet ment year-end debts. indicated that the Bank's temporary State since June 28 had the of same francs. advances to the reached 19,820,-000,000 francs. time money in circulation rose to 93,830,819,535 10 112 4 3 Jan. 2% Jan. Jan. Jan. 10 Apr. 29 113% Oct. 5% Mar. 2% Oct. 19 4 8 Ex-dtvidend The fact that Paris had was 112 Sale At the record total nearby to centers, move away from and the demand Paris for gold to on London the French and other European hoarders increased market, with don gold in London and part of in the Lon¬ the result that the dollar equivalent of was generally around or above $34.90 an ounce. On Jan. 14 the same ordered the day, the Chautemps Government resigned, and on which was suspension a of Friday, the Bank trading in However, trading was resumed on Jan. On Jan. 13 the franc {Continued France exchange. of 18. 3.23c., the lowest point On the same day reports were broke reached since Nov. 11, 1926. foreign on to page 63) Detroit Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales 1938 January Shares SALES AGGREGATE 1937 441,342 January Shares 1936 7,094,262 RANGE FOR YEAR 1937 Price STOCKS Jan. 1937 Par 12.410 4.041 2,240 3,630 1937 4,948,902 . Shares Jan. 2 Auto City Brewing common. * Baldwin Rubber common 1 Bohn Aluminum Ac Brass. ..5 IK 9K 41 % Sale 7At Sale m 7 Burroughs Adding Mach * Burry Biscuit Corp 12He Capital City Products......* 100 Casco Products Corp Lowest Highest Lowest Highest Sale Prtc*s Salt Prices Sale Prices Sale Prices Jan. 31 Ask 1 % Jan. 5^ Jan. IK 3 IK Jan. K Jan. 9K Jan. 19 15 15 57c 59c Sale 8 7 28 2134 Jan. 26 Jan. Jan. 26 234 Jan. 6 2034 Jan. 334 Jan. 11 13 7 5 Jan. 4 1834 Jan. 20K Jan. 17 10 Dec. Dec. Oct. Oct. Nov. 15 19 2 Nov. 24 Oct. 19 Oct. 19 Oot.; 20 44 20 "52"" "54" 3134 7 ..... 22K 20 16 3334 IK Sale 1434 31 27 19 18 19 34 34 534 293* 183* 10 IK Sale Bower Roller Bearing 5 Brlggs Mfg Go common.....* 3 Ask Bid Bid Ask Bid Allen Elec Ac Equipment....1 87,489 221,778 3,748 5,170 15,680 27,039 49,288 4,243 ""590 to Dec. 31 PRICES IN JANUARY Shares 3.640 10,476 12.037 I Jan. 1 DETROIT STOCK EXCHANGE 12 Months 1937 In Stock Sales I 634,452 23* 16 2 34 2% 1734 ..* 16 1634 Sept. 27 3 July 22 234 Feb. 18 1534 Feb. 19 Feb. 27 47 3434 Aug. 11 563* Jan. 14 35 Jan. 21 734 Mar. 23 8 Feb. 9 1634 Sept. 27 Chamberlin Metal Weather 10,120 52.047 12,171 13,694 3,782 12,223 520 500 240 Strip Co ......5 common Chrysler Corp common.....5 Consolidated Paper com 10 Continental Motors com.... 1 14 K 40,641 6,977 14,810 62,778 56,091 29,063 1.170 370 16,209 lOO'fRf GarWood Industries com...3 712 6,815 14,094 9,390 1,055 700 1,680 1,617 1.355 200 2,225 Sale 1834 10 8 9,655|H°aktnB Mfg Co common.2.50 558 12,407 84,519 278.492 100.880 107.881 41,494 26,251 r 7,940 300 15,438 6,850 ""850 790 2,805 2,985 22,366 100 350 15,368 130 13,472 4,999 510 2,888 10,773 2,615 2,773 4,011 2,435 3,829 449 19,019 4,773 169,260 9,983 234,081 17,339 4,727 60,659 3,381 21,420 61,494 112,803 7,955 10.200 93,675 15,136 142.812 81,026 9,544 38,522 144,727 10.952 44,615 64,444 Houdallle-Hershey class A..* mm 61 3 Sale 3 2 6 'At Sale 234 Sale 80 875 2,655 Mohon (R C) class A pref • Masco Screw Products ...1 23 K 193* 13* 334 134 134 ;* 73* 2.50 Michigan Sugar com.... 10 33* Mlcromatlc Hone Corp... 1 Mid-West Abrasive com 50c 234 134 134 Moore (Tom) Distillery Co..l Motor Products Corp com... * Motor Wheel Murray Corp 5 com 10 common Muskegon Piston Rg Packard Motor Go 2.50 com 21 Parker Rust Proof 1634 193* 18 2034 11 46 * com Sale 2.50 Parker Wolverine Go com...* Peninsular Metal Products. 1 ?P Pfeiffer Brewing Co 10 Prudential Reo Motor * com Investing Corp.l com ... . 15 K m 33* Sale Sale 5 934 434 30 1434 93* 2 43* 534 434 32 Sale .Sale ----- ,2 3* 33* 68,841 Class B 1,087 Universal Product com 3,085 Walker 8c Co class A..' Class B. 21.086 Sale Sale Sale 15 K Jan. 3 Jan. 17 1434 Jan. 1J4 Jan. 434 Jan. Jan. 28 15K Jan. 27 13 43 IK Jan. 94 K Jan. IK Jan. 2 Jan. 3 17 5 17 534 1QK 2% "4K IK 5K 26 K 12 334 33 3 K 134 65c IK Mar. 14 Jan. Feb. Dec. 29 13234 22 Dec. 2 3 134 Oct. 19 11 33* Dec. 14 IK Jan. 6 108 8 25 Feb. 15 25 Apr. 0 134 Dec. 334 Mar. 22 Dec. 14534 Jan. 7 334 May 24 Jan. Jan. 12 11 13* Oct. 11 13 2 Jan. 10 15 5 Jan. 24 16 Sale 4 Jan. 5 11 Jan. 26 Jan. 3 334 Jan. 4K Jan. IK Jan. 26 Jan. 26 5K 34K 534 Jan. 3 10 4 5 1334 1034 4J4 434 134 1034 90 Jan. Jan. Jan, Jan. Jan. Jan. 734 Jan. 3J4 Sale Sale Sale Sale 13 8 Jan. 28 3 IK Jan. K Jan. 2K Jan. 21 6V4. 3K 3 11 5 69c Sale 234 Sale 16J4 Jan. 13 1 .5 "an. 15 2234 July 20 31 8 Sept. 24 41 Feb. 13 Dec. 28 19 23 3 11 1934 IK 1834 Jan. 134 Jan. 134 Jan. 14 37c 5 11 4 Jan. 27 3* Jan. 6 K 334 33* 134 134 183* 1234 534 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 11 10 Jan. 434 313* 173* 934 Jan. Jan. Jan. Jan. Sale Jan. Jan. Jan. Jan. Jan. Jan. 34 Oct. 2 10 3 3 25 27 4 28 4 7 28 3 Jan. 3 5 3* Jan. Jan. 29 2 5 234 Jan. 334 Jan. 33* Jan. 5 22 5 3 134 Dec. 29 134 Dec. 31 Jan. 16 Sale 107 8 120 Sale 934 1034 10 53* 334 43* '3in::::: Sale 19 Oct. 19 Jan. Jan. Jan. Jan. Jan. 734 22 Jan. 13 90 Jan. 4 14 Jan. 12 28 107 Sale 34 24 334 634 1 * 834 9 434 • 3 634 2 534 434 28 3 10234 July 12 Jan. 20 6 2 5 5 Jan. 11 2 Jan • 17 12 17 25 • 7 7K For footnotes see page 61. I; I- "26" 234 Sale 20 234 25 3 20 Jan. 2 34 Jan. 2034 Feb. 2134 Jan. 123* Feb. 443* Feb. 18 3 Feb. 2 1934 Aug. 18 53* Aug. 13 Feb. 634 934 534 63* 35 19 Jan. 4 Feb. is Feb. 11 Jan. 22 Mar. 1034 Jan. 4 25 1113* Aug. 24 10 13 Jan. 19 18 11 Feb. 5 Dec 14 16 2934 Mar. 15 43* Oct. 19 134 Oct. 19 Jan. 19 234 Jan. 2 20 1 17 11 8 334 Dec. 28 53* Dec. 21 19 • Feb. Oct. 19 Nov. 24 153* Mar. IK 534 Jan. 3J4 Jan. Feb. 27 Feb. 8 95 Dec. 11 103 Mar. 10 2 3734 Jan. 22 3734 Jan. 10 Dec. 31 283* Feb. 9 25 434 Jan. 8 13 434 Jan. 634 Jan. 5 19 Dec. 31 1434 Dec. 34 834 534 23* 19 14 Jan. 53-4 434 334 19 21 2 3 Oct. Dec. Jan. 1034 Jan. Jan. Mar. 9 Mar. 11 Jan. 23 Jan. 20 13 Oct. 234 Oct. 334 Oct. 90 33* Jan. 53* Jan, 334 Jan. 10 134 734 434 434 28 2 113* 105 Feb. 18 334 Oct. 19 134 Dec. 24 Jan. 95 Sale 15 14 19 934 Dec. 29 2 Dec. 29 22 110 5 134 Jan. 25* Jan. Oct. Oct. 16 ""334" Apr. 2 23* Feb. 13 43* Feb 26 4 234 Jan. 213* Jan. 109 "33* 28 3734 Aug. 1 14 "§734 '233* 2 18 93* Dec. 31 11 24 8 93* Feb. 20 19 28 4 293* Jan Oct. Jan. 334 634 234 234 13 9 2 4 534 Jan. 12 2 134 Feb. 83* Feb. 134 Jan. Oct. 203* Jan. 34 11 Feb. 12 4 3 29 17 5 19 19 Dec. 31 Dec. 15 Oct. 28 273* Feb. 25 18 22 5 Dec. June Nov. Oct. Oct. 23* June 29 Jan. Jan. Jan. Jan. 434 Jan. 263* Jan. Jan. 19 1834 13* IK K 3* 63* 34 334 Jan. 10 19 3* Oct. 3* Jan. 33* Jan. 434 Jan. 134 183* 1334 734 Oct. 1534 Dec. 29 23* Oct. 19 193* Jan. 154 Jan. 134 Jan. 34 Jan, 13* .Jan. 2 19 2 634 5 Oct. 4 90 25 18 Feb. 27 Sale Feb. Apr. Jan. 3 434 Jan. 22 23* Feb. 18 Jan. 163* Jan. 2J4 Jan. 334 4 8 7 51c 334 193* Feb. 1 43 Mar. 2 2934 Mar. 15 534 June 2 70 Feb. 11 11 Sale 23* 263* Sale 234 Feb. 18 21K July 24 22 Sale 2 15 15 19 Nov. 24 173* 23* Sale Sale 23* 18 18 Feb. 9 Oct. 51c 234 534 Jan. 11K Feb. Oct. 6 1034 Sale 23 10 34 Jan. 234 Jan. Sale 333* 9 21 Jan. 1234 Sale Sale 43* 323* Jan. 19 34 Dec. 16 34 234 Sale 1034 14 2734 Mar. 10 19 23* Dec. 28 934 3* 334 3* 183* 33* 634 934 19 3534 Feb. 134 Oct. 11% Jan. \K 3 10 19 23* Oct. 3?4 Jan. 4 Sale Feb. 9 26 ll'jan. "8 3 4 Sale 19 2 20 Jan. Jan. 65c 434 Oct. 33* Nov. 2 283* Dec. 29 Jan. 83* Jan. Sale 19 19 1 334 Jan. 134 Jan. 7 37c 19 Oct. Oct. 734 Dec. 28 434 Jan. 38 Sale 93c Dec. 28 8 3 Feb. Jan. 6334 Feb. Oct. Oct. 33 3* Oct. 12 Jan. 29 K Jan. 3 Jan, 11 234 Dec. 234 Oct. 18 Sale 10 28 Oct. 183* Dec. 20 3 34 Dec. 28 734 Oct. 19 J an. ----- 334 334 IK 134 4 Mar. 23 2 834 13* 5 Mar. Nov. 19 33* Jan. 334 Jan. 8 16 3 10 13 3 2K Jan. 15 10 1634 87c Mar. 12 20 47 3 8 3K 1034 "3* 31 6% preferred...........50 Universal Cooler class A... Sale 23* Sale 30 7 24 100 10 601 Preferred..............100 195,713 Tlvoll Brewing Co common.1 11,821 Union Investment Co com..* 23,906 United Shirt Distributors..* , 1 6K 3 Axle com.........IS com.... 8* ..5 common Sale *934" I"" 23 com. Parke Davis Ac Go 2% 1434 62c .* Preferred 62 K Jan. 3 23 97c Sale 1 com Mich Steel Tube Prod 15,914 Tlmken 18 McClanahan Refineries..... 1 201 U S Radiator 1,250 % 234 24 K McClanahan OH Co 1034 Sale \K 15 30 McAleer Mfg Co com 300 United Specialties com 1 S Graphite Go.........10 ""172 134 8^1® 29 6K 4.730 Stearns (Frederick) com * 500 5% cum part pref......100 100 Sale 634 . 17,399 6 34 common. 1 9,051 U 1,300 •6,435 2334 Kingston Products Corp....I Klnsel Drug Co com 1 ...II 3 Jan. ~x: ::::: "42" Sale com IK 2K 16 34 Hurd Lock Ac Mfg Co coin..I Eresge (S 8) Co 95 "9% 8 Lakey Fdy Ac Mach IK 3 7 182 Sutherland Paper Co 11,136 Sale K 25 64,247 River Raisin Paper com..., 11,486 Scotten Dillon com .IS 197,547 Standard Tube Go class B...1 208 ~3", 074 *1034 "17H Sale Sale • 69.078 Rlckel (H W) Ac Go 316 . IK K 2% 7K 10 K 3K IK 534 Sate 29 34 63 634 Sale 34H 26* Hudson Motor Cor Class B Jan. 14 15 9 5K u* a* _ 15,783 7t289 12,776 4,425 4,329 1,175 434 IK IK .. "2",910 15 Sale ----- 8 Graham-Paige Motor com. .1 40.369 Grand Valley Brew common. 1 933 ----- 2K IVn'isx 22,2U 1 Hall Lamp com Home Dairy class A..... * 34,534 Hoover Steel Ball com.....10 17 — ..1 1,442 Sale Sale 3 4 Frankenmuth Brewing com. 1 Fruehauf Trailer Co com...l 163,184 General Motors com 141,214 Goebel Brewing Co com —- 9K Pederal Screw Works com...* ,££,484 General Finance Corp com.l "4K 48 22 * Federal Motor Truck com...* * 2K 634 Dec. 21 Sale 16 15K Federal Mogul common Class B Sale 12 19 ...3 iv*95 Gemmer Mfg Co class A.....* ~ Sale 8 Detroit Paper Products.....! Ex-Cello Corporation Sale 3K IK 9334 IK 2K 2K 23* 150 K 8 common .1 Detroit Steel Corp com ..5 Detroit Steel Products.....* 7.711 2,990 19,700 16,855 26,487 1,450 1,605 234 Gray Iron Fdy.._._l Detroit Mich Store 1534 i Detroit Edison com......100 Detroit 52 K Sale IK 3K Eaton Manufac'g Co com...4 Eureka Vacuum Cleaner....* 4,405 Sale 14 UK Detroit Ac Clevel Nay com..10 1,281 4,226 5.307 28.411 26,533 2,095 54,283 7.420 48 K 114 23 34 2K 2K 9 11 Crowley, Milner Ac Co com..* 3,568 Cunningham Drug Sts__2.50 458 Deisel Wemmer Glib com..10 343 53* 15 K 112 22 Oct. 13 Nov. 19 Oct \9 Feb. 734 Oct. 20 3834 Feb. 18 1534 Mar. 10 29 34 Mar. 1 934 Feb. 1 834 Mar. 25 35 29 34 Feb. 17 Mar. 20 734 Feb. 2 AOOREGATB In 12 Months January 1937 ■i Shares : " ' 2,000 1,100 Preferred 2,498 4,275 2,326 37,093 12,077 3,860 25,876 7,490 8,787 34,625 8,134 23,879 pV 173 loo 3,615 6,530 'if 75 3",193 2",939 763 * No par value. i\ 4 "43H "44% Highest Lowest Highest Sale Prices Sale Prices Sale Prices % Jan. 3 2% Jan.!- 7 % Jan. 17 5 Jan. 28 1% 3% % 6% 2% 30c 5 1 % Jan. 19 19 7% Feb. 2 % Feb. Dec. 29 18 * Feb. 99 July 7 100 May 21X Nov. 27 4,44 LFeb. % 2% % 4% 18 14 6 13 Jan. Jan. Jan. Jan. 82 1*0 4 13% Jan. 12 25% 11% 140% ...—-J-r--25 Borg Warner Corp com 5 Commonw Ac Southern Corp * Consolidated Oil CO. * General Foods,Corp ....• Hupp Motor Gar Corp 1 Kennecott Copper Corp....* Kroger Groc Ac Bale Co.... Lowest Sale 2% % ----- 12 11% Jan. 140% Jan. Sale Sale 17% Jan. 6 31 13% Jan. Jan. 31 149 Oct. Oct. July 12 "24% Jan:"5 "24% Jan?""5 ""!% Sale" 3% Sale 16% Sale 1% Jan. 42% Jan. 10 10 29 12% Jan. 10 Sale 10 9% Jan. "17% Sale" "i6% Sale" "15% Jan7~28 40% Sale 1*0 4 10 1% Jan. 42% Jan. ft Feb.1 *< National Dairy Prod Corp..* N Y Central RR 14 2 19 Sale 1% 5 Nash-Kelvlnator Corp Jan. 1% Jan. » ... 19% Aug 36 X Nov. 17 Oct. Jan" 16 • Jan. 28 8% Jan. 4 14 8% r Sold Sale 16% Jan. 9% Jan. [ar. Mi, If Jani Jan. Feb. 4% Oct. 16% Sept. 16% Nov. 9% Oct. 13% Oct. 7% Dec. . A a Deferred delivery sales. <19 8 24 10 5 20 '29% Feb. 4 186% Jan. 7 27% Jan. Id 49% Aug. 17 4% Jan. if Mar J 12 Borden Co 789 Purity Bakeries Corp.......* 17,753 Socony-Vacuum Corp.....25 * 15,624 Standard Brands Inc ""696 99c ""*% 82% 100 Amer Tel Be Tel Co 1937 Sale Prices J Ask Ask Bid 2%i \ Sale 13 Jan. 31 . % Sale 1% Sale 6i 445 Young (L A) Spring Ac Wire.* Unlisted Dept.— 9,762 American Radiator.——* 800 3 Jan. 1937 Bid 210 j; STOCKS 83,446 Warner Aircraft Corp com..l 4 65,509 Wayne Screw Prod com 38,450 Wolverine Brewing Co com..l 2 10,632 Wolverine Tube Co com ""547 YEAR Price Jan. 2 •' Shares 14,215 1,410 RANGE FOR PRICES IN JANUARY DETROIT STOCK EXCHANGE SALES 61 STOCK EXCHANGE DETROIT FEB., 1938] 11 12 21 9 Mar .f 17 Feb. 25 Aug. 14 Jan. 16! 2 x Ex-dividend. for cash. ' RANGE OF PRICES ON PHILADELPHIA STOCK EXCHANGE • ... Shares January 1937 708,332 4QQMRQATR In January BONDS 4,000 Pa 3%a w 1 128,000 Peoples Pess 24% 10 1.204 7,597 255 766 11,997, ""516 773 489 899 901 13,348 11,431 "*""25 """736 4,699 480 876 729 "8", 693 688 40 ; 400 ,3,378 1,625 2,993 856 26,872 625 167 * No par. ' 6 8 6% Jan. Sale Prices 21 7 Jan. 4 Sale Prices 5% Oct. 26 13% Feb. 4 108% Mar. 29 18% 25 10% 17 20 Jan. 13 20 Jan. 13 Jan. 24 101 Jan. 15 Dec. Feb. 4 Mar. 25 Mar. 13 Jan. 4 8 Jan. 16% Mar. 29 4 24 21 5 Jan. 7 Oct. r 110% Jan. 5 Feb. * STOCKS 3,765 25,662 8,201 121,671 4,461 18.674 893 2,273 53,475 32,972 88,953 75,816 8,338 445,295 10,068 Par 25 26 185% Sale 9% 9% Barber Budd (E G) Mfg 40" Sale" 18 Co Bell Tell Co of Pa pref. 36% 36% 123% Sale 12% Sale 100 Co * 8 144% 9% 8% Sale 141% 8 ~8" 50 Bonkers Securities pre! 15 10% Sale • Budd Wheel Co Chrysler Corp.............5 Electric Storage Battery....* .........10 11% Jan. 18 6 16% 15 15% 15% 115% 118 118% 5 4% Sale 140; 4 3% Sale 47% Sale 44 Sale 62% Sale 26% 29% Sale Sale 15% Sale 14% Jan. 116% Jan. 4% Jan. ■ 28 4 3 95 102 4% Sale 152 % Sale 27% 32% Sale Sale Jan. 26 3% 47% 6% 26% 29% Jan. Jan. 3 Jan. Jan. Jan. 8 17% Jan. 119% Jan. 6% Jan. 10 10 21 112 17 Lehigh Coal Ac Navigation..* Lehigh Valley.............50 Mitten Bank Sec Corp.....25 Preferred. ......25 ..... Nat'l Power Ac Light Pennroad • —* ...50 Corp vte Pennsylvania RR 38 39 108 112 9% 18 2% 3% 11% 4% 40% 10 18 Sale Sale 11% Sale Sale 22% 91 23% 100 4 3% 5% Sale If 1% Sale Sale Sale Sale 102 20 96% 3% 6 1 1% 6% 2% 20% 100% Jan. 22% 22% Jan. 102% 3% 3% Jan. 6% 4% Jan. Sale % Jan. Sale 1% Jan. Sale 6% Jan. 104 Sale Jan. 26 Jan. Jan. 12 Jan. Jan. 12 3 5% 63% 7% 30% 3 m Jan. 15 11 102% Jan. 25 23% Jan. 11 5 12 Sale 5 5 3 29 27 19% Jan. 28 4% Jan. 6% Jan. 10 1% Jan. 1% Jan. 12 8% Jan. 2% Jan. 30% Jan. 12 13 8 10 20 Rights Penna Salt Manufactur'g-SO Penn Traffic Phila Elec Pow * pref.......25 * Phlla insulated Wire Phila Rapid Transit... 50 —50 7% preferred , 160 165 Phlla Be Reading Coal Be Iron* Philadelphia Traction...—50 Salt Dome Oil Corp ..1 * Scott Paper..... 145 3% 116"' 117" 115% Sale 35 27% 6 Sale 31 6% 12% Sale 2 2% 11% 13 5 Reo Motor Car Co......... 128 2% 2% com Phlla Elec of Pa |5 pref Sale 2 37% Sale 10 3 31 V Jan. 31 30 Dec. 18% Jan. 2% Jan. 4% Jan. 21 18 Oct. 9 Oct. Oct. Oct. 19 19 18 Oct. 19 18 21 2% Sale 140 1f Jan. 26 1% Jan. 3% Jan. 6 18 5 6% Jan. 5% 12 10% Jan. 14 37% Jan. 3 7% Jan. 12 12 13 11% 40% Sale 41% Jan. 31 42% Jan. 24 15 1% 2% % 4% , 33% Bridge... United Corp common...... Preferred * United Gas (mpt com.......* Ex-dividend. .... a Sale 50 Traction • 6% Sale 43% 44% 15% Sale 111% Sale 66 69 12% 15 10% 9% Includes 647.269 rights. 31 %• Sale Tonopafi Mining Preferred 29 Sale Tonopah-Belmont Devel... Union Mar. 1 June 30 ......* OH Co..... Tacony-Palmyra 9 2% Dec. 31 Oct. 19 Oct. 21 % 2 3% 28% 10% 105% 60 9 28 30 28% Jan. % 1 % % 1% 2% 2% 2% 2% 2% Sale 2% 30 26% Sale 27% Sale 10 9% Sale 106% 105% 100 * 104% 62 10% 10% 58 9% 9% 11 7 11 Jan. Jan. Jan. Jan. Jan. 6 28 29% Jan. %8 Jan. 1% Jan. 3 Jan. 3% Jan. 7 21 8 6 Jan. 12 11% Jan. 8 106% Jan. 5 4 10% Jan. 21 28 32 11 26 60 10% 9% 9% Jan. 27 22% Oct. 27 % Jan. 29 % Dec. 30 1% Oct. 1% Oct. 25 Oct. 19 19 19 19 Mar. Feb. 41% Feb. 2 112 Dec. 13% 3% Dec. 29 4% Oct. 19 24% 4 4% H Oct. 1 Oct. 19 5% 5 Oct. 19 14% 2 Dec. 29 5% 19% Oct. 19 50% 2 6u Mar. «3? 130 Oct. 18 178% 2 Oct. 9 3% 109% Oct. 19 117% Rights Sun Nov. 29 Jan. 155 Feb. 18 70% Feb. 11 29 8 139 Jan. 4 7 Dec. 116 3% Sale Sale Oct. Dec. 30 Jan. 26 10 140 2 5% 13 29 134% Mar. 3 18 20% Feb. 11 19 44% Jan. 18 Jan. Sale 13 14% Jan. 12 88% Mar. 31 19 3 3% 114% 114% 114% Jan. 29% Jan. 30% Sale 135 Sale 20 29% Sale 18% 1 21 3 127% Mar. 12 19 29 100 6 30 Mar. 17 Mar. 1 Mar. 9 Nov. Oct. Dec. Oct. 23 15 25 45 43 Oct. 100 3 Jan. 2 ; May 2% 45% 2% 46% 3% 21% 29% 21% 42 Glmbel Bros common.......* 135% 139 Mar. 17 Oct. 19 Oct. 19 25 20 25 Sale 26% Feb. 17 8 Nov. 23 187% Jan. -NOV. 11 Jan. 3% Sept. 10 42 9% 10 114% Sale Dec. 29 7! 31 149% Jan. 6 25 Curtis Pub Co common.....* General Motors 8% Jan. 139% Jan. 8% Preferred..............100 24 West Jersey Ac Seashore RR 50 4.369 Westmoreland, Inc.........* 4.15" Westmoreland Coal x Sale Prices 109% Jan 103% Oct. 30,478 14,214 7,234 54,160 25,460 354,986 124,616 628,495 1,914 15,892 8,700 37,627 1,967 17,812 14,804 > Highest Sale Prices 110% 111% 846 Horn AcHardart (Phlla) com.* 3,015 Horn Be Hardsrt (N Y) com..* Preferred———100 43,920 """595 8 6 Lowest .4** Jan. 31 1967 41,155 7.416 37,973 107,540 795 336 1937 1966 19,621 57 3 Ask Bid Bid 110 6 Bankers Securities com....50 3,188 YEAR 1st 5s. 8.368 5.263 19,578 34,993 295 844 1936P $1,572,925 RANGE FOR 101 tr ........* 42,208 American Stores 40,871 American Tel Ac Tel—...1*0 5,304 Baldwin Locomotive.......* 2,567 3.195 \ $898,100 3%s Shares Shares $227,800 ; Phlla dec Pow Co §Hs..l972 "3", 655 9,000 2,000 13 21 1952 ctfs 4s—1943 500 Phil* dec (Pe) 1st e f 4s.l9tt 4%s 1965 T.666 Ask 11% tr ctfs 4s.1945 Bonds.............. Small 1,000 Jan. 1937 Bid 670,000 dec Ac Peoples 4,000 — Price % 18,000 - Jan. 2 12 Months 1937 % - PRICES IN JANUARY PHILADELPHIA STOCK EXCHANGE SALES . Jan. 1 to Dec. 31 6,363,832 4,862,114 % _ $23,000 1937 - 1936 1937 Jan. 1 to Dec. 31 December 1937 1938 Bond Sales 1938 237,667 Sales Stock ; ^ Jan. 4 18 18 21 Jan. 18 Mar. 17 Apr. 8 Feb. 13 Jan. 18 Apr. 3 Mar. IT Mar. 11 June 9 Feb. 28 Feb. 3 Apr. 14 Apr. 13 Feb. 13 Jan. 29' 3 Feb. 16 % Feb. 5 9% Feb. 18 20 Jan. 2' 45% Jan. "jz Mar. 76% Jan. 35% Aug. 1*6 May l%Mar. 7% Feb. 14 188 20" 13 1 11 8% Jan. 14 46% Jan. 14 17% Jan. 18 8% Oct. 100% Oct. 20 114% Jan. 14 60 4 Apr. 12 66% Jan. 4 8% Oct. 13 14% Jan. Feb. 10 8% Oct. 20 11 RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Stock Sales 1937 1938 January. Shares_ 306,863 Bond AGGREGATE 6,921,668 SALES 8,943,720 January $ PRICES IN JANUARY BONDS 36,000 Atlas Diesel Bng Co is 1945 2,000 Calif Packing Corp 5%..1940 12,000 Calif Water Serr 4% ..1961 Langendorf Un Bak Inc— 6,000 654% 1941 11,000 Market Street Ry Go 7s..1940 1941 2,500 Pacific Gas At El Co 6s 4,000 S J Lt Ac Pt Corp 6% 1952 500 tUnion Oil Go Cal 6%.—1942 STOCKS "4",778 1.775 1,049 35 130 1,104 1,995 835 465 1,075 1,600 550 3,510 200 40 2,704 320 5,242 367 50 175 1,4021 560 41,221 51,550 57,141 2,587 67,433 57,357 cap. .100 230 Crocker Plrst Nat BkSPcapltt 3,609 1,040 1,693 16,720 El Dorado Oil Works cap...* 60,293 Emporium Capwell cap.....* Preferred...............50 19,288 26,959 Borneo Derrick ABqCo cap. 5 30 10 1,060 2,215 1,390 20 145 210 1,441 2,823 1,028 1,190 8,852 104 10254 103 117 128 119 121 133 123 1454 15 ......20 882 Ewa Plantation Jan. 31 89 100 9854 102 99 10454 YEAR 1937 Lowest 100 114 121 Highest Sale Prices Sale Prices 101 June 3 11054 Feb. 18 10354 Apr. 7 10454 Jan. 4 161"" JanT"~7 i6i" Jan? "7 10154 Mar. 18 105 Jan 21 104 100 10354 101 114 Highest Sale Prices 90 lol"" 10554 10254 10554 ...— Lowest Sale Prices Ask 116 1 111 lis"" 119'" Il554 11954 I 1 I 1 1 1 1 1 .10 General Paint Corp com * Preferred.. Gladding McBean Co com..* Golden State Ltd cap......* Hale Bros Stores, lac, cap..* Hancock OU. * 1154 1254 121 150 11 I1 1 II 1 1 I 1 ------ 10154 9954 11454 ---£££ 12554 115 1 1254 1154 Jan. 5 13)4 Jan. Jan. 4 19 Oct. 18 10254 Sept. 2 Aug. 3 10254 Mar. 4 Jan. 19 Mar. 19 118 Feb. 11 Nov. 5 132 May 26 May 26 115 293"" 325" 1954 21 20 20 ..... 954 54 3454 1954 4854 9154 4654 9954 4654 Sale T 36$ 12 50 2154 2254 2354 Sale 1754 58 i§54 62 Sale 20 21 2154 2254 30 28 4 54 28 Sale 375 208 30 454 19 16 1054 2854 854 43 34 69 30 Co (new) Rights to purchase w 1. Sale Sale 70 454 Sale 2554 2654 454 554 17 slU* J* 40 Sale Jan. 6 21 Jan. 31 1854 Dec. 27 Jan. 24 Jan. 6 2054 Jan. 454 Jan. 6 10 20 3 Jan. "26 12 54 Jan. Jan. Jan. Jan. 21 26 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 354 Jan. 954 Jan. 17 190 7 3 5 3 29 13 Sale Jan. 454 Jan. Jan. 14 Dec. 28 7 Oct. Dec. 24 Jan. 50 97 Jan. 11 Jan. 27 12 5254 Jan. 20 10154 Jan. 31 5 6254 Jan. 15 3 34 9 lH 22 3154 754 2354 Sale 254 1754 654 Oct. 14 Jan. 25 2754 Dec. 16 454 Jan. 19 33 954 Jan. 12 Jan. 73 Jan. 11 28 Jan. 5 Jan. 1154 Jan. 28)4 Jan. 954 Jan. 36 69 29 16 2954 254 1754 22 23 Jan. Jan. Jan. 7 3 12 11 11 28 2554 Sale 854 2954 7 754 354 Sale 1154 24 X 1254 26 2254 3354 3354 36 Jan. Jan. 10 44 35 76 Jan. 27 6654 Dec. 28 Apr. 13 33 Jan. 10 40 27 2)4 Jan. 20 27 Jan. 29 2454 Mar. 1 4754 Mar. 1954 Mar. 11 Dec. 31 6054 Jan. Nov. 42 5 June 29 Oct. 19 7 Feb. 10 9654 Jan. 13 4254 Oct. 19 5754 Mar. 31 7 Mar. I Jan. J an. 28 2 16 Jan. 26 16 Jan. 26 154 Dec. 16 1654 Oct. 19 22 Mar. 22 Jan, 4 23 Jan. 40 3 38 1854 Dec. 30 28J4 Dec. 29 9 7 24 18] 41; 31; Mar. 4 Feb. 11 Jan. 29 Mar. 1 Feb. 28 3154 Jan. 5 Jan. 7 11 Jan. 27 354 Jan. 31 1254 2654 2654 1154 Jan. 2654 Jan. 2254 Jan. 4 26 4 13 2754 2754 1654 Dec. 28 954 Oct. 19 2654 Dec. 28 654 Oct. 19 43 2554 Jan. Sale 3 Nov. Dec. 28 10854 Apr. 16 19 1754 Mar. 12 Oct. 19 59 Mar. 12 9 Dec. 28 Sept. 4 6 2354 30 754 8 354 Sale 8 Oct. 10 3 6 Apr. 654 May 28 327 19 25 Oct. 13 20 1454 Jan. 3454 Jan. 1054 Jan. 46 19 Dec. 11 554 Jan. Jan. Jan. Jan. Jan. 1254 Feb. 20 Oct. 3 12 6454 354 2554 454 23 4654 Mar. 31 154 Jan. 15 53K Feb. 25 4854 Feb. 2 53 Aug. 20 10654 Apr. 20 99)4 Feb. 3 10454 Aug. 4 125 Mar. 10 Dec. 28 56 Mar. 6 Oct. 20 10654 Mar. 27 Dec. 10 3254 Mar. 8 27 100 5 43 2854 254 Nov. 18 Nov. 22 9754 Dec. 14 4654 Dec. 29 10 Jan. 3954 7554 7454 94 40 19 5 320 46 40 34 1854 Dec. 29 4954 Nov. 22 Jan. Jan. 320 1 Jan. Jan. 11 3254 Mar. 15 Nov. 16 2354 Mar. 11 Oct. 19 1254 Mar. 13 Aug. 25 105 Jan., 13 11 12 4 26 1354 Dec. 30 26 19 12 29 Jan. 30 2954 1 454 375 320 954 6454 Sale 4 454 23 2454 4 454 2154 Hawaiian Pineapple 554 Jan. 1954 Jan. Jan. 26 6 Jan. 8 7 7 54 654 32 3054 Jan. 31 32 3054 Sale 2754 4 104 Jan. 10356 10454 103 10154 103 18 Jan. 19 18 1854 1554 1754 1454 Sale 11 46 20 1954 2054 1954 4 4 354 454 89 92)4 10 12 1054 54 54 40 3654 42)4 19 54 Sale Sale 1954 49 Sale 6054 94 Sale 9754 91)4 48 4254 4254 44 100 10154 Sale 100 4754 53 5354 50 y 4 130 21 254 18 954 Oct. 18 1554 Feb. 25 5 July 21 15554 Feb. 3154 Feb. 17 10 2 Oct. 19 754 Mar. 4 10 25 4 Oct. 1 Feb. 8 4 181 214 Dec. July 14 7 Feb. 8 454 Oct. 19 10 14 13 Oct. 18 3454 Mar. 12 150 , 3654 Sale 6154 Sale 13! 1454 36] 3654 1854 Sale General Motors 11 15 14 1454 1554 254 354 354 Sale 7 9 754 7 186 190 186 185 195 6 7 5 554 554 17 1654 1754 1554 1654 (capital) ........* 15,665 8,894 24,256 140,227 3 Ask Bid 14J4 254 654 3754 40 9354 Sale 34J 4954 48] Sale 4] 18 17] 64,491 50,923 12,891 54,259 146,098 Bid 123 133 2,031 Fireman's Fund Indem cap 10 10,995 Fireman's Fund Insur cap 25 115 First Nat Corp of Portl cl A— 39,377 Food Machinery Corp com. 10 2)4 33,042 Foster & Klelser com Class A preferred 25 3,763 3,395 Galland Mercantile Laundry common 8,078 1,789 102 ..... 20,939 Claude Neon Blec Prod.....* A* 46 12* 42 11,643 Cloros Chemical A...... * 1.134 Coast Cos GasfcBl 6%lstpfl00 10254 Sale 2254 2354 1,490 Consol Aircraft Corp com...1 29,452 Coasol Chemical Industries lac class A partlc prof....* 3454 36 1 29,307 Creameries of Amer (new) 600 650 10554 109 10554 103 105 AngIo>Callf Nafl Baak at Assoc las Fund Inc com capli Atlas Imp Diesel Bad Co 5 Bank of Calif Nat nssncaplit Bishop OU Co 5 Bjnoa Jacksoa com cap....* 273,901 CrownZeller b Corp com (new) Preferred (new)-.......... 26,788 50,119 D! Giorgio Fruit Corp com. 10 Preferred. .........100 8,793 9,173 Doernbecker Mfd Co 14,401 1,380 1,982 Ask 2954 30X 18,836 Calamba Sugar Estate com 3t 21 x 2254 5,317 Preferred 26 10,104 Calaveras Cemeat Go com... * 810 7% preferred ..........100 10354 105 30 3754 72,752 Calif Cottoa Mills cap ltt 17,250 Callf-Engels Mlalad Co 1 41 51 6,342 California Ink Co lac A....* 45. 4554 67,437 California Packlai cap.....* 4,315 Preferred—.........—50 1,075 California Water Serr prefiOO 103"" 10354 8654 8854 15,964 Caterpillar Tractor cap... 1,887 ^referred stock ...100 8,370 Chrysler Corp common 5 il254 11454 15 RANGE FOR par 12,834 Alaska Juneau Gold M cap.lt 379 Alaska Packers Assn Jan. 1937 Bid ^ 1.520 $593,000 Price Jan. 2 $ "5", 000 $5,000 1936 $121,000 Jan. 1 to Dec. 31 8AN FRANCISCO 12 Months 1937 $5,000 1936 STOCK EXCHANGE In 1937 1938 1937 1937 Jan. 1 to Dec. 31 Sales January. 608,655 8 7 Jan. 8 15 Jan. 11 2554 Jan. 854 Jan. 454 Jan. 11 10 10 1354 Jan. 14 Jan. 6 2954 Jan. 22 29 Oct. 19 Dec. 9 Dec. 27 7 70] 2 254 Oct. 19 Oct. 19 Feb. 13 1954 Oct. 19 Dec. 24 9 22 30c Apr. 14 Dec. 29 Dec. 29 Sept. 3 Nov. 1 4454 Mar. 2 Home Fire A Marine Insar 230 1,400 """510 100 75 120 1,455 687 835 2,837 136 12,554 416 f 6,083 625 Co of Calif capital 10 5,021 19,626 HonoluluOllCrpLtd cap new* 1,230 Honolulu Plantation cap...* 900 Hudson Motors Car Co.....* 22,207 Hunt Bros. Packing com...* 15,725 2,735 27,221 7,988 17,109 100,660 15,495 137,760 5,045 5,644 ........10 Hutchinson Sug Plant cap. 15 ft 18 Class B Leslie Salt Co capital __._.* Llbby McNeill Ac Libby * Lock Heed Alrcr Corp com..l Lyons-Magaus Inc A * 2854 26 3354 654 754 1 2 1854 754 154 254 1654 1454 22 a* a 9« 10 10 Sale 254 1554 3 54 1954 10 20 • Le Tourneau Inc common. 10 34 16 3654 1754 21 "1754 "1854 Langendorf United Bak cl A * 12 154 34)4 2)4 35 16 15 754 854 9 56 Sale 6 5 54 54 123,842 Magnarox Co Ltd (capital) 2 54 12,778 Magnln Ac Co (I) common...* 254 3 2354 54 1054 Sale 1254 11 90 102 93 ........ ..100 132,352 1,830 Merchant Cat Mach Co com 10 50 Second preferred....... 100 No par value, 228 108 2354 36 17 454 109 24 3954 20 7 t Removed from listing Feb. 4,1937. 1354 1454 ¥h Sale 54 3354 Jan. 10 4 1754 Jan. 954 Jan. 154 Jan. 1654 Jan. 1 1154 12 Jan. 2 754 854 854 Sale 454 554 54 54 254 Preferred.... 3554 Sale 2954 854 154 354 18 Sale & 15 154 B Market St Ry Co prior pf.100 Preferred ......100 10 * 44 Sale ♦ 385 2~,4l6 Preferred 41 35 Jan. 35 15 Jan. Jan. ""6 4 24 7 6 4 854 Jan. 7)4 Jan. 31 26 26 Jan. 13 5 35 Jan. 28 19 Jan. 10 9)4 Jan. 154 Jan. 6 4 17 1354 Jan. Jan. 10 18 Jan. 18 21 19 Oct. 19 Oct. Oct. 19 18 34 Jan. 10 14 854 Jan. 26 1054 Jan. 10 554 Jan. 11 10 13 28 54 Oct. 2 14 10 3 39 17 Jan. Jan. 18 10 102 137% IS m Oct. 19 Oct. 19 Oct. 5 Nov. 6 8 1454 Jan. 154 Jan. 54 Jan. 1154 Jan. 35 16 27 1454 Jan. 11 154 Nov. 23 5 Dec. 29 Oct. 19 Jan. 5 Oct. 19 45| Oct. 19 54 1054 9654 1154 754 9 6 31 Aug. 16 3254 Mar. 27 23 Feb. 454 Feb. 8 Feb. 25 Mar. 1654 Jan. 454 Jan. 42 Feb. 4554 Feb. 1454 Apr. 1654 Feb. Jan. 27 Jan. 5 Dec. 16 Dec. 30 2354 Dec. 10 108 Oct. 19 28 Dec. 29 3854 June 29 Mar. 30 2 3 11 10 25 9 6 4 1 1 20 2i 21 21 Jan. 28 Mar. 11 Jan. Feb. 7 17 Jan. 20 June 29 Mar 30 AGGREGATE In Shares 695 5,986 5,865 PRICES IN JANUARY 8AM FRANCI8CO STOCK EXCHANGE SALES STOCKS North Amor lav Corp— Common 12)4 1,030 2.536 lot 780 764 6% proforrod. .......100 BH% ptoforrod.........100 98 X 91 Occidental Insurance cap.. IP O'Connor Moffat. 150 65.747 5,811 2.489 25,056 Oliver United Filters lac A 2,359 98,279 1,541 137 690 40 300 5X 8)4 Sale" 5X North Amor Oil Conool cap 120 11,510 6,871 2,122 2,855 500 5,191 3,334 1,180 4)4 48 30 14X Sale 31X 26 Sale 24" '25" 15 9)4 Sale 16)4 18 2054 21X 16)1 16 X 6 5)4 12 10)4 10 9X 5% Sale 4% 5)4 27 54 Sale 29)4 29)4 26)4 Sale 10 Sale 93 9 * \\Y* 40 100 36 Sale V*Sale 9 6 7X Dec. 17 15 5 Jan. 20 654 Oct. 1254 Jan. 28)4 Jan. 1054 Jan. 5)4 Jan. 12 Jan. 27 12 6 9 10 15 12 Jan. 3 25 12 17 11 19 19 Jan. 12 18 Jan. 12 40 6 Jan. ' Jan. r Jan. Jan. Jan. Jan. 554 19 10)4 Jan. 13 10 7X Jan. 954 Jan. '"" i6» 27 10 12 ^ 140 34 37 80 92 37)4 39)4 Pii'a Whistle Corp parttc pf • Ry Eq Ac Realty Co Ltd com.* 0% preferred (new).....100 Rayonler Inc common 1 1)4 2)4 5)4 Sale 6 Jan. 14 5 23 Jan. 92 37)4 35 Jan. 2 ' Jan. 5 Jan. 54 Jan. 14 17)4 Jan. 25.X Jan. 3X Jan. 28 29 27 24 Jan. 5 136 31 42 8 92 28 35 Jan. 95 92 36 12 8 28 Jan. Jan. Jan. 7 1754 Apr. Mar. 12)4 May 18 6 Jan. 135)4 139 X 134 Sale 35)4 Jan. 5 16)4 Mar. 12 32 18 954 Oct. 5 Jan. 28 28)4 Jan. 4 Jan. 22** Jan. 15 Jan.;15 3 28' Jan. Jan. 14 Jan. 31 40 Jan. 27 104)4 Jan. 11 Jan. 10 3 6, Jan. 6 16 Jan. 31 17)4 Jan. 111)4 Jan. 11 11954 Jan. 24 Sale Mar. 1 28 17 Jan. 20 33 .02 X Mar 96 Mar t. Oct. 19 4X Oct. 19 Jan. 6 10 Oct. 29 13)4 Feb. 15 19 12 Jan. 3 14 5X Jan. Sale 25X 29k 29X 30 27 X Sale 26X 35)4 35)4 Sale 101)4 101X 102)4 Sale 5 454 131 9)4 Oct. « 13)4 May Dec. 30 4 Dec. 7 37 Dec. 28 8 38 Dec. 9)4 Nov. 19 20)4 Oct. 19 10 7 Jan. 10 10X 6X 26 111 Preferred .............100 Jan. Jan. Jan. 26 18)4 12H V* 27 3 5 4 Sale 17 X 16 114 116 660 Highest Sale Prices 41 25 X 15 2,618 Phillips Petroleum Go cap..* 40 3,564 Lowest Sale Prices 40 40 Sale 24 J* x3o§* Highest Sale Prices 854 Jan. 5)4 Jan. 8)4 Jan. J* 37 % 32 X 48 11 -- B... Lowest Ask 8 9X 5)4 Sale 9)4 Sale 8 Sale 9)4 31 26 3.995 PaauhauSutfarPlantCo capl5 12,896 Padflc-Amer Fisheries, lnc.5 38.127 Pacific Can Co......... 775 Pacific Clap Products...... 172,598 Pacific Gas A Else Co com.25 0% 1st preferred 106,985 ...25 34,272 IM% 1st preferred ..25 66,677 Pacific Lighting Corp com..* 84 dividend prof..........* 6.307 72,329 Pac Pub Sort com aon-vot..* First preferred...........* 53.238 5,961 Pac Tel It Tel Cocommoa.ioo 4% preferred...........1P0 1,555 22,636 Paraffino Cos, Inc., com.. 1,653 YEAR 1937 Sale Prices Jan. 31 Ask Bid Bid 22 H 20 I Ask 7X 26,128 Melelr-Frank Co ..........10 26,151 Nat Auto Fibre> I at Com stkl 91,497 N atom as Co capital.... 3 Jan. 1937 Bid Par Shares 20 RANGE FOR Price Jan. 2 12 Months 1937 January (i3 SAN FRANCISCO STOCK EXCHANGE FEB., 1938] Nov. 22 29 Dec. 28 Oct. 19 10 4*4 Dec 27X Oct. 19 25)4 Oct. 20 35 Dec. 29 19 19 11X Oct. 19 108 Dec. 30 133 Nov. 28 34 X Dec. 29 22 Oct. Oct. 98 2 S8 83: 15 Jan. 2254 Jan. 18 X Feb. 5)4 Dec. 10 38 Jan. 12 3254 Jan 22 29)4 Jan. 26 53k Jan. 14 .07 13 Jan. 854 Jan* 24 6 Jan. 7 18 .52)4 Jan Jan. 4 Feb. 10 Feb. 23 ,50 87 09 54)4 Feb. 2 1 210 9,523 23,048 3,370 8,491 5,653 123,230 1,840 88.009 146,201 6,120 12.748 1,193 125 6,249 3,630 5,295 240 2,483 19,231 24 120 Cumulative preferred...25 Republic Petroleum Corp...l 30 12 310 130 ~ 1,302 14,231 534 613 1,058 6,573 1,550 27 106 (too* Bros lae common.....1 115 1,871 140 1,487 6,535 58,341 60 ..... Corp 28 102 2854 10354 35)4 36)4 1,230 70 2,304 Sale 25 4)4 32 13 Sale 2 20 iir Sale 13M 21H 4X% preferred new....100 Sale iy% 14)4 82)4 10H Sale 19)4 Sale Sale 22 X Sale 21X 7X 6)4 3)4 9)4 23 8 16)4 15 )4 Jan. 4)4 Jan. 1554 Jan. 10 MS* 23 20k Sale 79)4 81)4 30)4 29)4 17)4 Sale 1754 77)4 28)4 16)4 X X 6)4 29 X 13 X 13)4 Sale Sale Jan. Jan. Jan. Jan. Jan. 30 54 59 22 13 Jan. 19 Dec. 24 19 Oct. 19 .Nevv 19 15 Oct. 19 85 Dec. 29 18)4 Dec. i 28 17 28 "4 24 Jan. ""8 31 23 Jan. 10 82)4 30)4 22)4 X X Jan. Jan. Jan. Jan. Jan. 13 4 4 28 30)4 15)4 1)4 15 12 14 13 X Jan. Jan. 83 to 17X Jan. 24 ,1)4 Jan. 19 Jan. Sale 15)4 Jan. Jan. 26 1254 Jan. 12 Jan. 21 Jan., 10 Jan. 22)4 8)4 8)4 454 Jan. Jan. Jan. Jan. 1054 Jan. 41X Jan. 7 Jan. Jan. Jan. 4)4 J* Sale 13 84 Jan. 10)4 19)4 17)4 7X 6)4 Jaru Jan. Jan. 1954 21)4 1654 Jan. 31' 31 30 3 8 8 24 11 11 Jan. 26 22)4 Jan. 11 285 [Oct. , Dec. , 19 it 6)4 Dec. 2754 Dec. 29 11 Oct. X 1354 74 9)4 17)4 17 654 Dec. Nov. Dec. Oct. Oct. Sept. Dec. 25 7 25 Mar. I Jan. 28 754 Apr. 16 12)4 Apr. 16 Feb. 25 June 8 Mar. 12 July 14 July 16 30)4 Aug. 18 65)4 Mar. 11 2)4 Aug. 16 1 Jan. 13 12 Feb. 17 49)4 Feb. 19 19 28 19 29 21)4 June 21 19 16)4 Aug. 2 28)4 Feb. 4 2854 Oct. 11 19 24 28 4)4 Oct. Oct. 9 Dec. Dec. 35 Dec. 265 19 19 28 19 31 9 15 15 9 9 17 19 42)4 Jan. 27 Sept. 1 7 10654 Mar. 31 Nov. 22 4 5)4 Jan. 1854 Jan. 8954 Jan. 27)4 Dec. 3154 Dec. 13 X Feb. 50 Apr. 19)4 June May May 8 122 54.Dec.< 29 2 ; Oct. 19 15)4 Nov. 23 6 96)4 Oct. 18)4 Dec. 29 Dec,. 29 Dec. 14 Nov. 22 25 Jan" 33 k 29)4 Jan. 13)4 Jan. Dec. July 109 106 6 28 5 39 X 41)4 300 280 266 1654 Sale 62 Dec. 24 4 18 1 17 28 38)4 59)4 10 29 Dec. 29 9)4 Oct. 7% 10)4 Sale 19X Sale 20 16)4 7)4 6X 8 Dec. 30 11 454 Jan. 1554 Jan. Jan. 4 Dec. 17 254 Oct. 11 "27 6 X Jan. 8 ' Sale 84 10 35 10 105k JanT 10 2H 270 26 Jan. 17 ' ** . 20)4 Jan. Jan"r27 I03k"JanT" Sale X X X 6)4 29 X Sale 14)4 Jan. Jan. Jan. Jan. Jan. Jan Dec. 21 1 105)4 IX ,4)4 20 18 19 2954 554 36)4 14)4 7)4 17"" Jan:"l8 16)4 15 Jan. Jan. IX 4)4 4954 20)4 118 100 28)4 6 56 25 " 6 3 20)4 •3K 12 17 21 6 2)4 Jan. 4 20 96 112 20 80 Jan. 12X Jan. 554 Jan. 32 .%:] 103 ih 11 5 20)4 C 19)4 17/1 1)4 8)4 9)4 43)1 Sale 15 16)4 68 Sale 2 il* 86 98 1)1 20)4 4 :;!; Sale 35)4 12X 13)4 6)4 Sale 19)4 43)4 Sale 1)4 2)4 25)4 35 28)4 com • 6 56)4 72 class A..* Tide Water Assoc Oil Co 18 101)4 3)4 255,068 Transamerica Corp capital. Uli 156.305 Union Oil Co of Calif cap .25 25)4 78,782 Union Sugar Co comnoa .25 21)4 6.308 United Air Lines Trans v t c.5 21)4 .10 130.699 Universal Cons OU 1354 21.466 Victor R ulpment Co cem..l Conv cum pref.. 8,218 5 63 5,639 Walrnun Agricultural Go..20 1.450 WellsFargoBk A UnTr cap 1PP 312 Western Pipe A Steal of Calif common ................IP 43,884 3554 800 997 110 .............. 469 36,741 4,331 1,345 1,350 4,775 19X Preferred 100 Sou Cal Gas pfd 6% cum A.25 Thomas Allec 55 Sale 95 85 42)4 102 X . 7*224 30 110 41H 7,050 65.465 Sou Pacific Co com (cap'l).100 35,723 Sou Pac Golden Gate cl A..* Class B.. 12,014 7.134 Spring ValleyCo Ltd capital * 149,753 Stand Oil Co of Call f capital * 37,698 Super Mold Corp of Cal cap. 10 555 554 IX 15)4 Warrants - 354 3)4 30 9 X Sale Preferred...............50 Rheema Mfg Co............I Richfield Oil Co common.... Sale Sale A* 49 23 26 Series A preferred......100 342 1,469 Safeway Stores Inc common • 560 San ioaq Lt A Pr prior pf ion 6% prior pref ser A.....100 15 7,467 Schleslnger (B F) com (new) Preferred (new).........25 7,552 17.967 Shell Union OU Corp com..* SH% cum con? pref. 1.133 ISP 36,998 Signal Oil A Gas Co class A. * 197,229 Soundview Pulp Co new....5 r~i2d A* Sale 89 18 86 2 28 Feb. 24 5 2154 Feb. 24 June 10 98 23 k: Jan. 19 July Jan. 75 Feb. 4 350 16 Oct. Jan. 28 21 Jan. 3 Dec. 28 Dec. 28 Nov. 18 1 1 9)4 July 26 18)1 Aug. 2 4054 Mar. 18 1 8 Yellow Checker Cab Co— 290 6,670 830 """686 e (Consolidated) cl A Class A Series II.. ser I.m 50 33 30 3 4,880 Yosemite Portl Cem Co pf..l0 (Continued from page 59) current in financial circles Paris in less than $99,- equalization fund and that in the previous five days the spent $198,300,000 to keep francs pegged government had below the level of 30 to the dollar and 148 to the pound, During the Chautemps asked days immediately following the fall Government form to sufficient a new harmony several former Cabinet, but all of Ministers failed to the were establish the numerous political groups probable. After five days of political conversations, Premier Chautemps again assumed office at among to make their success the 3 3)4 Whether that 000,000 remained in the government's $495,750,000 exchange 4 3 32 t 3k Jan. Jan. Jan. 14 7 4)4 July 0 64 59 No par value. , "iv 21 3)4 v Jan. 26 of head a purely Radical-Socialist regime. The most not these relation to the during the week ended Jan. 29 the various blocked marks moved lower, while or dispatches had any circumstance could not be ascertained, but restricted other from par European the previous 40.33, generally was mercial marks were quoted lent 100%, marks, currencies were changed little The so-called free or gold mark, week. around 40.27. Registered com¬ 21.30, travel marks 23.00, benevo¬ 23.00, and benevolent marks, 50%, 32.36. The Reichsbank's January showed an statement for first the quarter increase in gold and bullion of of 22,000 an increase of 25.000 marks, increase of 48,000 marks. The showed marks, for the second quarter and for the third quarter an important Bank's statement for the third quarter of January ministry gold change effected by M. Chautemps in the new the substitution of M. Paul Marchandeau for M. Bonnet, who refused to serve again as Finance Minister. Toward the end of January it was revealed that trade was for 1937 indicated an adverse import balance of 18,381,000,000 francs. Commenting on these figures, Paris newspapers pointed out that "France cannot permit herself the permanent luxury of an adverse balance of trade of 18,000,000,000 francs annually and must seek to develop exports, which is only possible by increasing production and lowering costs." One reason for the growth of the iriiport surplus in 1937, it was asserted, was the depreciation of figures the franc. The Bank of France statement for Jan./20 showed gold of 58,932,868,325 francs. French francs sold on Jan. 3 at 3.39% @3.40%, and on Jan. 31 at 3.27% @3.28%. holdings The German mark situation displayed no features, of im¬ at 70,734,000 marks and a ratio of 1.62%. 31, 1932, the Reichsbank held 806,785,000 marks of gold, and its ratio stood at 25.8%. The so-called free or On holdings Dec. mark was quoted at 40.28@40.30 on Jan. 3 and at 40.33@40.34% on Jan. 31. Italian lire, as during many months previous, was held steady throughout January by the rigid control at Rome. gold For a had" been ruling above dollar parity of Belgian exchange displayed weakness in January. long time the belga 16.95, with future rates often quoted flat or at a slight This was so until early in November. The weak¬ ness in the unit was attributed partly to political uncer¬ tainties in Belgium, but more largely to the precarious position of the French franc. It is felt in Brussels that a collapse in the French franc or too serious a disturbance in French business and political conditions cannot be without premium. on the Belgian currency. Belgian business showed only slight recession since October, and the banking portance in January. The daily quotations of the so-called free or gold mark, which are those established by the repercussions Reichsbank, continued to bear a close relation to the move¬ ments of sterling. Berlin dispatches toward the end of position continued highly satisfactory. Belga cable trans¬ fers sold on Jan. 3 at 16.96% @16.97%, and on Jan. 31 at January : stated that business circles expected that Dr. Schacht, President of the Reichsbank, would withdraw from -his position at the end of February. Informed banking circles in Berlin were of the opinion that Baron Kurt would be von President of the Cologne Chamber of Commerce, appointed to succeed Dr. Schacht. \ v ::2 Schroeder, 16.92%@16.93%. the countries neutral during the World firm throughout January. The Scandi¬ navian currencies moved in close sympathy with sterling, while the Holland guilder and the Swiss franc showed indeExchange on War was generally / ... (Continued (in page 65) ... ,, 'V " > ii l. ♦, •Car- C"' '' k. * } ■V Los Angeles Stock Exch. MONTHLY AND YEARLY -«K.; ' RECORD ■ v ..V I .< 'v.v *xiu' -[T' '1 "I" .V.I '4 ' ' . ■ *.• ■ ' , k,:! ' L ■■1, *»V > ' 1938 1937 546,303 —Shares 2,172,882 p SALES January Shares 12,662,164 STOCKS Far 2,720 54% preferred .-100 189,138 Barnhart-MorrowtConi—... 1 77,800 Berkey A Gay Fura Co 1 105,800 Warrant* 59,200 Bolaa Chica Oil Corp A 10 1,500 B 10 1,386 Broadway Dept Store pfd.109 100 Brock & Co 2d pref... 100 53,600 Buckeye Union Oil com 37,000 Common rot tr ctf*..... 1 28,800 Preferred ..1 111,909 Preferred rot trust ctfa_.l 1,000 Byron Jackson Co.........-* 43 " 2,700 1,500 400 ........ 1,700 1,000 ... 100 2,500 1,300 5.299 12,900 2,600 12.000 35,700 130 200 1,800 "loo 500 600 ■,;• 25 ...... 85 30 Sale 24 Sale 1.10 7 1 103 1.25 800 200 "34 "34 42c 90c 27c Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices 1 IX 3X Sale ; Jan. 27 1 Jan. 27 3X Jan. 27 4 Jan. 8 294 Jam "11 1 55c IX 50c 40c 1 37c 574c Sale 50c 284 Jan^lO 40c Jan. 26 45c Jan. 6 1 Jan. 4 95c Jan. 37c Jan. Jan. 24 47c Jan. 14 24 Jan. 12 1,100 100 5,600 2,150 632.735 2 4 "9"800 7c 8c 10c 3c 8c 5c Jan. 22 5c Jan. 22 14c 274 284 43 45 154 16 464 64 84 ..* * Preferred $H 7 44 44 84 65c 390 614 62 14 Sale 36 37 184 Sale 104 Sale 7 274 101 $5 Preferred. 86,620 75.000 1,900 11,600 33,600 16 X 20 16X 15 24 1.30 47 4 53X 7% 94 i 9 44 10 9 Sale 410 950 Mascot Oil Co... 15~,750 687,200 221.725 246,120 473.500 4,600 3,000 7,000 700 7X 8X 4 7X 4 % 44 84 85c 380 30 X 7 Sale 74 19 17 2 IOV2 Jan. 15 194 Jan. 15 16 Jan. 28 1.35 Jan. 21 1.35 18 Merchants Petroleum Co...l 74 44 284 103 17 X 29c Sale 10 10* 1084 109* 4$ 7X 80c 34 44 8 7X 500 900 184 25 26 65c 80c IX 1 35c Dec. Dec. 484 Dec. 30 May 7X 9X 4X 10 Sale 10 7X Jan. 9X Jan. 27 74 Jan. 104 Jan. 4*6 Jan. 5 10 Sale 405 26 Jan. 4 8X Jan. 29 Jan. 7 4X Jan. 26 4 4 24 9X Jan. 62X Jan. 390 8 4 Jan. 16 Jan. 2 194 Jan. 27 6 20X 18X Jan. 76 26*6 Sale 65c 1.30 7X 1.25 Sale 7X IX 10c 80c 2 "4 Jan. 6 25X Jan. 8*6 Jan. 17 5 17 Jan. 22*6 Jan: "12 76 Jan. 6 8 IX 30c 17c "'"266 200 200 1,300 400 902 85 2X 4 Sale 4X 300 25c 2I5T206 45c 11X 12 $6 preferred 5,300 - 2,894 15,130 1st preferred f*°7. For footnotes see page 65. 25c 6c 5c 2 IX Sale 60c 18 Oct. Oct. 1.50 Mar. 16 1.35 Jan. 35 Jan. 1.75 July 23 35 Jan. 4 94 Jan. 14 Jan. 10 84 Oct. 14 Dec. 224 Mar. 3 24 Nov. 3 14 Jan. 25 6 9*6 Jan. 14 Jan. 4 35c Jan. 3 Jan. Jan. 31} 17 .Jan. 3 5c Jan. 17 5c Jan. 31 10c 11 Dec. 10c Oct. 11c Jan. 12, 18c Jan. 20 8 Jan. 21 104 Jan. 10 2 Jan. 4 Jan. 10 674 Jan. 29 lc 40c 35c 6c 4c 5| 13c 28c Sale 1.15 19c Sale 14c 12c 26c 1.25 1.10 20c Jan. 28 19 * .10 41X 10 14 Oct. 44 Oct. 75c Jan. 14 Jan. Jan. 5 35c Jan. 6 7c 28 Jan. 3 60c Sale 28c Sale 12c 25c 1.10 Jan. 10 50c Oct. 7 90c Oct. 30c Nov. 5 Jan. 11 26 lc Jan. 60c .Oct. Aug. Jan. 10 50c Oct. 70c Jan. Jan. 23c 19c Jan. 7 5 Jan. 15c 4 Jan. 30c Jan. 12c 24c 10 1.20 21c 3 Jan Jan. 70c 16c 7 Jan. 49c Jan. 35c 60c 40c Jan. 11X 11*6 12 114 Jan. 4 9 27 X 29 X 26% 20X 9 104 9 26*6 18*4 24 SVA 17c 6X 14 34 41c 11 144 Jan. 31 25 30 27 4 Jan. Jan. 25 19 274 Jan. 19 27 22 19 15 Oct. 394 Jan. 15 Jan. 11 1044 Jan. 12 354 984 44 174 124 Dec. Nov. Nov. Nov. Dec. 6 1.25 A* 2 Sale 1.40 204 70c 3 X 10 28 2% xl6c 34 Jan. 54 Jan. 4 9 Jan. 7 Jan. 5 3 Jan. 26 34 Jan. 27 14 Jan. 214 Jan. 3 Jan. 24 Jan. 144 Jan. 4 7 7 18c Mar. 24 724c Jan. 25 164 Aug. 11 60c Feb. 16 164 Feb. 26 Mar. 19 64 Feb. 8 10 Feb. 5 109 1.45 Mar. 36 44 Jan. 16 Mar. 15 June 17 Mar. 1 Feb. U Apr. 5 Jan. 12 Feb. 26 Feb. 1 Mar. 19 Mar. 6 Feb. 4 May 18 Jan. 4 Jan. 12 Mar. 17 Jan. 13 Jan. Jan. Feb. Jan. 13 8 18 7 Mar. 19 Jan. 21 Jan. 23 Apr. 5 7 10 Oct. Dec. Jan. Dec. Dec. Dec. Feb. 14 30 Oct. Jan. 25 15c Dec. 10 44 1.25 34 1.05 32 IX. Jan. 5 14 Jan. 214 Jan. 12 7 20 Jan. 8 95c 24 Jan. 3 Feb. 17 July 12 Mar. 31 May 8 July 7 24 Oct. 74 Jan. 24 Jan. 8 260c 3 14 Jan. 54 Jan. 374 Jan. 25 216c 2 1.10 260c Dec. Dec. Aug. May Oct. Dec. Oct. Jan. 3 4 Jan. 32 Jan. 25c Jan. Jan. Jan. Jan. 14 4 Jan. 6 Jan. 36 Jan. 54 Dec. Jan. 7 12*6 Sale Dec. Dec. 114 104 244 284 254 Jan. 274 Dec. 22 20 24 Jan. 26 62c 42X 90c 54 Oct. 20 Jan. Jan. 5 25 5X 114 5X "*24 Sale" Nov. 24 Jan. 4c A* 45c Sale 21c" "39c Dec. Oct. 44 Jan. 14 Jan. 25*6 Sale 254 30*6 30 27*6 27 4 19 X 184 35X 35X 354 364 374 101 105 101 1024 104 9 35c 64 Oct. 6X 26 X 28 X 25X 19X • Corp B common....* Preferred 19 35c 17c 2c 62*£c 46 Mar. 11 1394 Mar. 11 55c 1.10 1.05 Sale 3 11 10 ....* Puget Sound Pulp A Timber* Republic Petr Co Ltd.. 10 Samson 35c Jan. Apr. 14 27 Service.. 300 Safeway Stores Inc....... 100 75c Mar. Dec. 22 11 _* Feb. Feb. Apr. 14 Jan. ....10 ....... 2,100 Sale 4*6 11 13 13 3 Jan. 124 ....... 400 8X 7 44 Dec. 6 Sept. 164 Sept 1324 Apr Jan. 44 June 19 74 Dec. Dec. Dec. 11c 19c Preferred 2,350 50 1 110,775 Rice Ranch Oil Co 208,500 Richfield Oil Corp common.* Warrants 11,800 * 41,200 Robert Public Markets... I 40,400 Ryan Aeronautical Co 144 100 23,400 4c 80c 18c 3.800 Pacific Western Oil Corp 300 600 6,200 19c 4 65c 41c Public 2X 1.05 1 1,800 Pacific 8 75c Preferred series C 1,900 10 25 5.100 Pac Gas A Elec Co com 1st pref 6% 8.700 ...25 3.500 5H% 1st preferred......25 16,100 Pacific Indemnity Co......10 5.600 Pac Lighting Corp com * 1,000 16c Sale 10 .. 1064 Feb. Oceanic Oil Co.............1 common. [60 85c 5c Sale Corp Oct. 294 Jan. 11c Sale 16 4 10 9c 15c Feb. 27 1.30 Sale 18c Preferred series A 3u 8 Feb. 26 5c 10 16 Jan. 11c 65c 85c 18 Jan. 9c ....5 1 18 75c 15c 60c * 17 Feb. 444 Feb. 1.30 5c 1.25 36c Feb. 44 Feb. Nov. 50c 390 37*6 Jan. 15 74 Jan. -5 43 135 644 Mar. 6 194 Mar. 11 14 Mar. 17 Jan. Jan. 594 Mar. 18 424 Apr. 8 7 6 26 Jan. 16 23 174 Mar. 16 244 Feb. 8 10 10 5 14c 27 174 Mar. 11 31 95c 25 5 4 28 124 Jan. 10 18 -4*6 Jan. 44 Jan. 18 399 30*6 Jan. 7X Jan. 11c 70c Pac Finance 18 1.30 Dec. 15 7 95c .... 33,650 Feb. 314 Feb. 17 624 Jan. 4X Jan. Sale lc Corp Feb. 16c Dec. 27 16 10 4 77 65c 12 Pet 17c Sept.10 4 Dec. 23 Oct. 21 49X Jan. 84 5 75 90c Occidental 13c Nov. 23 23 25 18 Jan. ll 5c Jan. 8 2.25 1 Ollnda Land Co Sept. 14 Feb. Jan. Jan. Jan. Dec. Feb. Feb. Oct. 384 July 1.35 25c ... Nor don Corp 19 Dec. 30 1.10 Oct. 19 Jan. 54X 33 X Sale lc 14,400 Pacific Clay Products......* 27.800 Pacific Distillers Inc. 1 2,800 36 .....1 55.800 Mt Diablo Oil Ming A Dev.,1 3,500 National Funding Corp...10 19,806 300 ....2 ......1 1,023.886 Mid-Western Oil Co 4,335 Mills Alloys lnc A B 2,180 "2",300 V 1 Co........10 Menasco Mfg Co 19 54 Jan. 8 94 Jan. 2 304 Mar. 17 414 Mar. 17 90c Apr. 1 3 4 Jan. 6 25c 4*6 June 7*1 Dec. Menasco Mfg Co rights 400 16,000 1 100 LA Investment Oct. X Oct. 434 Jan. 1.35 . L A Industries lnc Nov. 27 35c 5 5c 10c v 15c Claude Neon Elec Prod Ltd.* Lincoln Petroleum Corp 169.700 21.000 900 24 104 1 Cltixens Nat T A S Bank..20 59.600 Lockheed Aircraft Corp 3.613 L A Gas A Elec 6% pref 2,700 19 27 5c 2X Sale 250 Knudsen Creameries........ 10"375 28 7c 2 ..... tie 9c 1 50c 64 6c Dec. 24 Oct. 104 Nov 4 ..... ""'500 1937 4 IX 48.400 Hancock Oil Co A... • 214 22 4 95.600 Holly Development Co 1 774c 874c 1,221 Holly OH Co 1.20 5 100 Honolulu Oil Corp 18 1,900 (Hudson Motor Car Co...... 184 2.700 Hupp Motor Car Co......... 2,200 International Cinema * 1 381.000 Jade Oil Co 7c 10c 45c 48c 631,999 Klnner Airpl A Motor Corp.l 7,900 YEAR Sale Prices Jan. 31 20 25 2.300 Golden State Co 6.000 Goodyear TAR Akron com.* """500 3 Ask Bid "23" "28" "26" "29" 45c" Corp. 100 Chapman's Ice Cream^Co.. Chrysler Corp... 5 17,900 Gladding McBean A Co 31,700 Globe Grain A Milling Co 500 Jan. Bid 26 X 804 Farmers A Merch Nat Bk.100 so Foster & Kleiser Co 10 1,400 "UOO 34 44 94 Sale 264 Central Investment 200 General Metals Corp new ..* 14.400 General Motors Corp.... 10 7.200 General Paint common.. ..* 3,700 Ask 21,000 Preferred ......* 18.400 Creameries of America ▼ t c.* 1,469 District Bond Co..........25 1,200 Douglas Aircraft Corp......* 19,500 Emsco Derr A Equip Co 5 606,500 Exeter Oil Co A ...1 70 4 200 $1,200 RANGE FOR Calif Packing Corp........ . 7 24,700 7; California Bank 35.000 Consolidated Oil Corp.. 164.000 Consolidated Steel com 500 ""800 $5,500 ..v. . Bid 800 Barker Broe common.....-.* 655 Jan. 1 to Dec. 31 PRICES IN JANUARY 2 1937 Jan 3,300 Amoc Gaa & El A ........1 145,200 Bandinl Petroleum Co 1 100 2,300 400 1936 $4,000 7 Price Shares. ti zi 1937 1937"" 1936 LOS ANGELES STOCK EXCHANGE 12 Months 1937 - 1938 — AGGREGATE ] :> Bond Sales 13,724,472 Jan* 1 to Dec. 31— ■}r-r v . January 1937 aj •- In ■: 7 b'.* -zz., .v- Stock Sales •: January ..4 ■y .. v.-V' RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE ■ )}l ■?*' v;.- r " t I ■ or;: " ' ■ \>7 ' I ff ci .^•^r >.i ,, . ; < (/'§, / ' Oct. 24 Nov. Oct. 26 13 15 Mar. 19 Feb. 23 January Shares I') 62 y 581 102.700 100 STOCKS Jan. 1937 Ask Bid 100 B 645 2,249 "l",206 Sale 20 21% 19 119 13 23 Jan. 21 2456 29 29% Sale Sale 20% Jan. 27 3 Sale 10% dy> 2c Nov. 2 Jan. 14 3256 Mar. 12 11 2c Sept.14 48 19 15c Dec. 29 Mar. 4 22 Oct. 48c 19 Oct. Mar. 13 Jan. 13 Feb. 5 Jan. 8 Mar. 11 Feb. 20 Feb. 20 Feb. 29 jf m Jan? 24 56 10 25 8 11 3756 Jan. Jan. 2556 Jan. 27k 4 3056 Jan. 15 3 28 Jan. 3 854 2154 3356 354 Jan. Jan. Jan. Jan. 24 12 11 20 26 35 Jan. 31 3456 Oct. 2556 Dec. 2356 Nov. 28# Dec. 2756 Oct. 10554 Apr. 756 Dec. 19 12#Jan"i2 5 r 25 10 Sale 1054 Jan. 1356 1856 656 5% Sale 754 6% Sale 1956 1856 Jan. 6% Jan. 556 Jan. Sale 8 5% Sale "454 ""8" 10 10 31 2156 Jan. 856 Jan. 556 Jan. 3 26 31 5% 3 2% 500 Alaska Juneau Gold M ColOc 11,000 Prince Cons Mining Co....10 1 82,140 Tom Reed Gold Mines Co 1 240,225 Zmde Gold Mining Co.... UNLISTED "200 3 Jan. 8 4 11 5 Oct. Jan., Dec. 19 354 Jan. 35,300 1,200 13,600 100 15 11% 11% 1256 1254 1256 Jan; 18 1256 Jan. 18 25c 18c 20c 20c Jan. 27 22c Jan. 21 12c "lc Jan. 10 156c Jan. 13 ...* Com'wealth A Southern....* 67%c 75c 10c 20c 22c lc- lc 1%C 20c l%c Jan. 20 Jan. 3% 3% Sale 25c 354 Jan. 4 456 Jan. 21 lc 2c 156c 156c Jan. 7 2c 14 16c 156c 2c 200 100 International Nickel Co International Tel A Tel... 400 • 3,300 300 Kennecott Copper Corp....* 6,000 Jan. N Y Central RR 8,000 100 1,500 1,400 300 9c 4 44c 25c 35c 20c 40c 8c 12c 6c 7c 5c 8c, Sale 12 29c Jan. 20 29c Jan. 20 7c Jan. 4 9c Jan. 4 1256 Jan. - 28% 29% American ~3% "4% 11% Radio Corp of 11% Mar 22 1 15 48c Jan. Jan. 13 11 15c Jan ' if 20 12 Oct Jan. 26 151 Cct 3656 Jan. 11 6 4% Jan. 10 1454 Jan. Sale 10 1454 Jan. 10 Jan. Jan. 12 1256 "1% "2% '"154 "l% 3 26 145 "154" Jan: "26 2 Jan. 6 26 9 Jan. 156 Jan. Nov. Aug. 354 Oct. 8 56 Jan 1256 Dec. 4856 Nov. 1 56 Oct. 11 28 24 56 99 28 2 18 354 4356 4H 6 7% 2% 18 3 43 % %\L sg 4% 754 156 856 Jan. 156 Jan. 456 Sale 854 1% 454 Jan. 856 Jan. 3854 Jan. 1656 Jan. 5054 Jan. 35 Jan. 3156 1556 854 2156 454 Jan. Jan. Jan. Jan. Jan. 31 62 32 16 63 H 4856 456 756 3956 1654 4856 36% 3556 3556 3156 1654 3256 1656 856 1756 456 656 356 3256 1656 Sale 1856 Sale Sale 4 56 3 15 554 956 4556 1656 5156 Jan. Jan. Jan. Jan. Jan. 26 41 Jan. 15 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 18 11 10 12 11 15 10 12 H 21 37 6056 7 3856 3554 65 H Packard Motor Car Co......* America.....* Seaboard Oil Co of Del 3% ...._* 17 29 26 Mar. 20 Dec. 29 Mar. 25 Mar. ft 19% 4% 6% 4% 4 Jan. 28 454 Jan. 13 3556 1956 1056 2156 556 754 556 856 Jan. 4954 Jan. 4154 Jan. 20 15 6 956 Jan. 4954 Jan. 4154 Jan. 6 28 29 12 4 Mar. Apr. 19 Jan. 7J 455 25 MOO 1,000 .......100 3,200 U S Steel Corp 5 32,200 Warner Bros Pictures 600 U S Rubber Co 46 38 Standard Brands Inc...... 38% 8 8% 4656 3856 3% 3% 256 52% 53% 6% 5256 556 856 4756 3856 3 Jan. Feb. July 52 Jan. 6154 Jan. 756 Jan. 28 656 Jan. 4 24 4 Nov. 12 15 8 * ..... Sale 654 July favored In countries both as for page 63) Holland ; and foreign refugee are While the National Bank of Switzerland discourages im¬ currencies, the confidence felt with respect to the Swiss position is so strong that both f gold and foreign deposits seek domicile there despite the ?fact that no profit is derived from the lodgment of such of ports gold and foreign Swiss National funds. The showed total gold stock of Bank statement transfers 31 sold on for Jan. 28 2,824,400,000 Swiss francs, and the Bank's ratio of gold to notes stood at cable Jan. 3 at 200.15%. 55.69% @55.77 and on at 25.84% @25.87 on Jan. 31. J the South American countries presented mixed trends in January on account of the working of the Exchange on Owing to the great improve¬ position of these countries as the result of several export seasons, the South American con¬ trols have been faced with the problem of keeping down various ment in exchange controls. the their imports, On Jan. economic especially of luxury commodities, which dur¬ exchange that 29 when might be expected - Buenos Aires quotations day, benefits that the trade. dispatches stated that foreign violently; in Argentina on temporarily withdrew fluctuated Central the Bank support from the free market. The dollar, which closed on Jan. 28 at 340.20 pesos, soared to 385 pesos. Then the Central Bank reentered the market and the dollar declined to close at 359.50 pesos. the In New York, on Jan. 29, Argentine Information Bureau received a cable announc¬ ing tbat the Argentine Department of Finance had decreed a reduction from 20% to 10% in exchange surcharge on payments of goods imported without prior payment. The decree also promised further simplification of the mechan¬ ism of exchange control in Argentina. Exchange Guilder and 55.90@55.93. Swiss cable transfers sold on Jan. 3 at 23.14% @23.18, and on Jan. 31 at 23.18% @23.19%. Cable transfers on Sweden were 25.79% @25.83 on Jan. 3, Jan. the several nations of from their export funds. the January 12 ing the past few years have shown a tendency to deprive Switzerland Netherlands Government launched a 1,672,000,000 guilder 3%-3%% conversion loan. Total sub¬ scriptions exceeded 3,000,000,000 guilders. The oversubscrip¬ tion, together with the fact that the first quotations were above the issue rate of 100, gave indication of the super¬ abundance of money lying idle in Amsterdam. . 29 Odd lot (1Concluded from firmness, 12 Feb. an 6 200 Westlnghouse El A Mfg Co. 50 pendent 16 Feb. Jan. 26 3 18 13 18 24 Oct. Jan. Jan. 26 3 7 Jan. 11 Jan. 25 Fe ». :19 Jan. 1ft * * 10 Oct. 28 12 356 Go........* 700 Standard OH Co (N J) No par value Feb. May 21 354 Nov. 5 456c Nov. 22 2956 Jan. 145 1256 141 29% Sale ""200 ♦ 12 1 23 30c 456 Jan. 1156 144 % 145% 140 ......25 2,700 Texas Corp...... 6,100 Tide Water Assoc OH......10 ♦ 12,900 United Corp (Del).'. 100 Feb 50c 42c • Radio- Kelt h-Orpheum. 4,300 13 7 20c 5 200 Sears, Roebuck A Co......* 700 300 13 82 54cFeb. 26 5 Oct. 25 12c Mar 1 28 Jan 354 Nov. No Amer Aviation Inc..... North Dec. 4c 13 3,900 Montgomery Ward A Co....* 35.900 1,900 19,100 53.700 7,400 700 lc 1556 Jan. 39 cJune 64# 100 Loew's Inc. 1,000 McKesson A Bobbins 1,100 1,600 4,400 * lc 2c lc 8 Oct.1 18 Sept. 8 16c Dec. 16 156 Apr. 21 5c Nov. 18 21 3% 10c" "15c 1156 2,500 General Electric Co........* 2,300 Goodrich (B F) Co........ 800 Dec. 6156 Jan. 211 5% June 7 lc ...... Solvents.. 500 Continental OH Co (Del) ....5 5 1 28,100 Curtlss-Wright Corp..... 2,600 Electric Bond A Share......5 600 4 19 Mar. 17 Feb. 11 20 1056 Sept. 18c ...* 2,200 Cord Corp 3,500 27 Aug. 13 1356 Apr. 10 Jan. 5654 Feb. 254 Nov, 28c 3c 156c Cities Service Co ._* 100 Claude Neon Lights of N Y.l Commercial Julv §* Dec. 654 Jan. Jan. Feb. 9 556 Dec. 154 Jan. 1456 .........5 600 Bendix Aviation 600 88 STOCKS— 900 Caterpillar Tractor 200 16# 155 Oct. 5 23c 3.700 Amer Rad A Stand San.....* 100 6,085 Amer Tel A Tel Co 2,300 Anaconda Copper Mining..50 1,100 Atlantic Refining Co......25 11,900 (The) Aviation Corp il)el)..3 2,000 Baldwin Locomotive........* 900 19 14154 May 1756 Oct. 100 Pioneer Gold Mines of B C..1 100 Feb. 19 Feb. 16 Mar. 31 2556 Mar. 2 Aug. 2 55 16 6 6 4 Mar. 19 STOCKS— 437,750 Black Mammoth Cons M ColOc 566.300 Calumet Gold Mines Co..10c I 103,500 Cardinal Gold Mining Co ..1 6,740 Cons ChoUar GAS Co 1 6,450 Gold Ore Mining Co...... 1,381,100 Imperial Development Co.25c 425.200 Oatman Rainb Gold M Co. 10c 900 Dec. 956 Oct. 8 Jan. Mar. 12 20 2954 2856 21 3154 19 3154 27 10856 31 1456 Jan. 13 23 2 Oct. 18 2956 Nov. 25 Jan. 3 3% 41 Aug. 19 49 j 5 20 2% 3254 19 621 Oct. 556 Jan. 3 5% 19 19 17 9 6 5% 15c 2754 Dec. 29 10 Sale 9 4 4 26 4 256 Jan. 3056 Jan. 3 31 3 Jan. Jan. 29 29 10 % 200 Western Pipe A Steel Co...10 200 Yellow A Checker Cab Co..* 6,300 Yosemite Portl Cement preflO 1,000 60 Feb. Feb. Feb. Jan. 7% Jan. 16# Jan. Sale 8% Sale 175-6 17% 29% Sale Sale 2% 26 Jan. 35 " 2% —10 1,430 Victor OH Co 3,890 Weber Showcase A Fix pfd..* 1 78,300 Wellington 011 Co 2,200 Western Air Express Corp.. 10 Iioo 1756 Feb. 10 120 56 Dec. 28 12c 26 26% Jan, 2456 Jan. 21% 36% 27% 25% 35 31 800 Van de Kamps Bakeries.....* 18,100 Feb. 22 3 Jan. 6c 22 150 100 11*660 22% Sale 1854 50 10,300 5,100 1,400 Jan. 10c 27% 25% 2656 24% 29 Corp.........* Transamerlca Jan. Jan. 18 113 6 29 Jan, 25 25 28 Ye Superior OH Co common 25 Taylor Milling Corp........* MINING 4,000 8c "7% 1 Sunray Oil Corp 39,500 Universal Cons OH Co.. 600 112 Sale 20 36 2856 27% Sontag Chain Stores Co Ltd. * Southern Pacific Co......100 Standard OH of Calif * 640 Union Bank A Trust Co 160,000 Union OH of Calif 2,400 117 25 4 Calif Gas A 6% pref...25 6% preferred.. .......25 418 So Counties Gas 0% pref.100 ~~~x4 Highest Sale Prices 19 6c 1,200 So 100 25 1956 4,400 9,000 1,700 Lowest Sale Prices 52% May 18 6% preferred ..... 25 5H% preferred.........25 17,600 23,600 38,000 64,400 58,000 4,800 96,900 Highest Sale Prices 1456 Sept. 14 Original preferred......25 26,800 27,200 11",300 1937 ' Lowest Ask common...............* 1,900 2,400 3,400 3,000 1,700 1,700 YEAR Sale Prices Jan. 31 113 23 56 8,682 Signal Petroleum Co ...1 67,300 So Calif Edison Ltd com...25 l",300 3 Ask Bid Bid 106 6,490 Security Co unite 20 36,350 Security Flrat Nat Bank 600 Shell Union OH Corp.......* 238,800 Sierra Trading Corp......25c * 7,300 Signal Oil-Gas A " RANGE FOR Price Shares 600 San Gabriel RIt Impt Co—10 y; 80 San Joaquin LAP 7% pr pflOO 2,400 65 EXCHANGE Jan. 2 12 Months 1937 ■- STOCK PRICES IN JANUARY- LOS ANGELES STOCK EXCHANGE AOOttEUATB In ANGELES LOS FEB., 1938] features on the Far Eastern countries presented no new during January. The Japanese authorities reiter¬ ated their determination to maintain the yen to sterling at the Minister, M. Kaya, somewhat because rate of Is. said that of an with respect Finance Japan will restrict imports 2d. intention per to yen. reduce The international at the end of this year and thereby decrease specie shipments abroad. The London silver price on Jan. 3 was 19%d., and on Jan. 31, 20 3/16d. Hongkong dollars were 31.22@31% on Jan. 3, and 31.27@31 7/16 on Jan. 31. The Shanghai dollar was 29.48@29 13/16 on Jan. 3, and payments 29.57@29 29/32 on Jan. 31. Yen checks sold at 29.12@29.16 on Jan. 3, and at 29.04@29.10 on Jan. 31. Cleveland Stock Exchange RANGE OF PRICES ON CLEVELAND STOCK EXCHANGE Stock Sales ; January 1938 _Shares_ _ AGGREGATE In SALES January Shares CLEVELAND STOCK EXCHANGE 83 50 |PRICES IN JANUARY STOCKS Par 11 Canfleld Oil..... 95 670 108 7 901 7 649 36 5 7,191 150 46,588 289 60 172 7 170 486 7 10,366 2,862 29,221 1,082 10.453 2,357 144.647 6,810 7% cum preferred... 100 * Preferred ......... Clark Controller new.... 1 Cleveland Builders Realty..* Cleveland Cliffs Iron pref • Clev El IU $4.50 Cleveland Rye • cum prei 4% Preferred..........ISO 100 (B F)|Goodrlch * 4 Goodyear T Ac R 2d pref. 371 Great Lakes Towing 351 Preferred ... 100 100 1,257 Grelf Bros Cooperage 7 338 2,513 312 55 1,639 405 685 *"325 330 80 5 Halle B'or hers 4,026 12.778 9,762 7,754 30,409 10,091 6.906 Harbauer 15,522 10 610 2,044 410 265 616 30 288 1,782 220 198 606 100 .* Lima Cord Sole Ac Heel 354 86 X 110 Sale ........ ........... 1 .Refining........25 Preferred .......Iff National Tile.... Nestle Le Mur** A" Highest Sale Prices 13 6 Jan. 6 Jan. 5 Jan. 10 10 Jan. 4 6 Jan. 13 5 634 Jan 1134 Jan. 20 25 10 10 Jan. 4 95 88 111 "17" Sale 18 2 rl* 58 34 10134 112 15c 62 54 72 29 47 19 7 Sale • 29,603 Rlchman Bros 9,373 Setberllng Rubber.........* Preferred 6.305 100 4,305 S M A Corp common 1 ... Stouffer Corp A 100 10034 Jan. 4 1254 Jan. 9 Jan. 3 10 100 25 234 Jan. Sale 56 66 Jan. 15c 112 11534 109 2034 Jan. 234 Jan. 31 6434 Jan. 13 108 Jan. 25 4 12 25 12 21 2 31 10 14 Oct. 19 50 Mar.T 31 Jan. 22 30 Jan. 22 56 Aug. 30 Jan. 3 Jan. 6113 18c 14 Jan. 6 Jan. 29 72 60 Jan. 28 67 Jan. 5 2034 24 12 2034 Jan. 1834 Jan. 18 10 6 Jan. 6 2 Jan. 27 2034 2034 834 254 Jan. Jan. Jan. Jan. 18 19 24 26 7 27 40 - - — — 30 2534 41 7 7434 954 20 2934 18 1734 40 3634 92 m 25 6 23 1754 Jan. 6 834 Sale 1834 20 334 15 25 16 3 68 634 9 3% 43 30 Sale 334 3% 85 1754 Nov. 33 Dec. May 7 92 Dec. Jan. 13 Dec. Apr. 12 27* 29 28 33 3134 y 234 X Sale Sale 18 15 10 11 13 1034 1834 434 19 454 1454 19 13 634 Jan. 4434 Jan. 21 6 18 18 40 Nov. 15 20 Jan. 25 15 Dec. Jan. 4 26 1234 Dec. Feb. 8 18 4 Dec. 19 9 Oct. Jan. Jan. 22 434 Jan. 3 1834 Jan. 634 Jan. Jan. 10 1034 Jan. 15 8 334 Jan. 10 4 Jan. 4 2934 Jan. 8 31 Jan. 12 Jan. 31 334 Jan. 12 1854 Jan. 334 Jan. 26 12 16 13 Jan. 10 13 Jan. 10 5 24 70 Jan. Jan. 10 3 54 Jan. 4 29 29 Jan. 22 29 Jan. 22 29 Sale 33 Jan. 26 33 Jan. 26 4 12 1934 5 1034 Oct. 18 Jan. 10 19 Jan. 29 554 Jan. 1134 Jan. 3634 Jan. 334 Jan. 3234 Jan. 10 15 11 17 21 Oct. Oct. 454 Jan. 5 10 Jan. 6 31 Jan. 3 17 Jan. 3 1034 Jan. 26 254 1034 3334 434 4 Jan. 5 14 10 Jan. 6 7 634 Jan. 5 234 634 234 254 734 254 2 Jan. 3 6 Jan. 7 13 Sale "Ifi" Sale" 6 "17" "19" 18 634 12 Sale 100 32 20 Feb. 17 254 Jan. 7 Dec. Nov. Dec. Dec. 20 19 19 28 Apr. 2 Aug. 10 Jan. 9 May 13 Apr. 13 28 4 Jan. 6 11 Jan. 14 Aug. 11 Jan. Jan. Jan. Jan. 11 11 25 5 Dec. 20 Dec. 30 Dec. 31 Oct. 19 Feb. 3 Jan. 5 5 Jan. 3 20 Jan. 25 100 60 Jan. 29 60 Jan. 29 114 Sept. 22 In liquidation—first liquidating dividend paid on Dec. 20 to stockholders of record Dec. 15. 28 Oct. 18 May _ Sept. 30 Oct. 234 Jan. 3 Mar. 6 18 7 Mar. Feb. Mar. 19 6 Sale 9 29 Jan. 654 254 654 234 9 May 11 4 8 4 Feb. Mar. Dec. 1134 Jan. 29 334 54 Dec. 14 Mar. Feb. 19 June 8 Mar. 1 Feb. 24 Oct. Jan. 3 Sale 2 11 10 7 6 13 6 21 32 11 24 10 Sale 11 3334 4 Jan. Jan. 15 1 9 Mar. 23 Jan. 18 Sept. 30 2834 Oct. 454 Jan. 85 3 Jan. Dec. Sept. Oct. Dec. Jan. Sale 1034 Nov. 20i 634 Dec. 29 22 Jan. Jan. 334 % 17 35 Mar. Feb. Mar. Dec 234 Nov. 934 1634 334 70 13 June 14 Mar. 23 Oct. Oct. 71 Sale 2 ----- 454 10 Mar. 9 Mar. 12 354 Dec. 16 27 16 334 70 234 54 83 0 Jan. 31 3 354 Sale 7 Jan. 4234 Jan. 1754 Jan. 9 354 Sale 40 3 9 9 18 85 17 Apr. Jan. 14 30 234 10 7 Nov. 11 21 5 8 5 Sale 16 10 Sept. 14 June 24 Mar. 25 Jan. 20 Sale 2] 30] Oct. 30 1 Feb. Jan. 95 8 14 3334 112 19 8 July 28 1754 Jan. 18 16 13 12 8434 Jan. 7 Jan. 16 434 Sale 12 34 634 4 334 14 Jan. 95 27 18 11 .!!?.?! 55" Sale 914 29 35 — 534 4034 1434 7 6 54 39 17 22 m — 58 3054 854 Jan. 3834 ^ 20 Sale 834 Sale 98 Jan Sept. 1 Jan. 8 4 Feb. 23 5734 Feb. 26 24 34 834 ¥ 40 2834 Sale Jan. Feb. Dec. 20 Dec. 7 55 31 2834 1634 Sale 334 2% 85 70 1134 634 43 54 Aug. 13 Nov. 25 40 15 43 21 25 41 23 «. 20 Jan. Dec. 6 1834 Dec. 13 Nov. 10 60 45 - 14 2834 Sale Dec. 23 4 13 Dec. 22 Aug. 3034 Sept. i4 11134 June 24 3434 9 34 19 10c 105 6334 Jan. 20 434 Map. 24 2134 July M 6334 1 Jan. 102 31 June ?&■! 18 14 32 34 5634 58 10334 June 30 2934 Dec. 24 34 Dec. 8 84 27 60 234 2 18 1934 7% 334 234 Oct. 20 105 Dec. 29 21 Oct. 20 Dec. 29 Dec. 13 Dec. 30 Feb. Jan. Oct. 1 Feb. 17 Feb. 18 12 79 5 11 70 17 3334 Jan. 29 1434 Feb. 20 July 12 Jan. Jan. 24 18" 5 Dec. 27 2054 Dec. 28 40 Oct. 19 100 45 Oct. 15 32 99" 101" 31 2,491 Troxel Manufacturing 1 2,412 Union Metals Mfg Co. 19,804 Upson-Walton 1 24,195 Van Dorn .ron Wka Co com.* 5,366 Vlchek Tool.. • 16,931 Warren Ref Ac Chem com. 2 10,083 Weinberger Drug • 753 W R I Corp pref..........100 10 17 Sale 30 4354 1634 254 10034 Jan. 1154 Jan. 10634 112 10734 Jan. 30 Jan. 3034 Sale % 54 Jan. 6A 15 Jan. 1534 Sale 32 31 Jan. 3034 31 10734 109 117 1334 1234 64 Oct. 53i Dec. 28 80 100 Sale <. 15 934 H 1534 Sale 2934 39 7,312 Packer Corp.... 9,264 Patterson-Sargent.. .......* 26,862 Peerlesa Corp ...........3 1,575 Reliance Elec Ac Eng....... a 100 12 15 ... Lowest Sale Prices 41 92 30 30 No par value. 41 6 1 National 10 6834 Highest Sale Prices 11 6 7 554 10 14 • 85 Yougstown S Ac T pref ♦ 34 4,227 Ohio 750 ""270 86 672 Nineteen Hundred Corp A..* Brass B__ 481 Ohio Confection...........* 47 1937 Sale Prices 1134 4 6 11 5 Lameon Seeelons.... 465 27,520 4,175 225 20 ...* Leland Electric Preferred. 10 534 43 Machine...... Kelly leland L At T 1,392 Miller Wholesale Drug......* 3,797 Monarch Machine Tool Co..* 3,964 Murray Ohio Mfg...... ..* 5 1,130 ... 1834 85 X ....... Jaeger 15 National Acme 205 98ft 840 McKay Machine 387 YEAR Lowpst Ask 45 Interlake SS 6,522 McK.ee (Arthur G) B........* 8,742 Medusa Portland Cemeat • 10.928 Metropolitan Paving Brick. * 250 100 40 98H 100 Preferred................. 276 2,035 34 564 Hanna (M A) $5 pref........* 5 4 • Jan. 31 Ask Bid 10 * 861 2,808 20 285 ■7 14 H Cleveland Ac Buffalo Tran..* 85 Bid 26 Cliffs Corporation v t C_._..* Commercial Bookbinding...* 197 Fostorla Pressed Steel ...* 100 General Tire Ac Rubber..... 49 Ask ...100 28,897 Dow Chemical Rights 350,Dow Cbt-mlcal 5% prel.. .100 200 Eaton Mfg.................4 3,665 Elec Controller At Mfg......* 2,714 Faultiest Rubber......... 3,572 a Federal Knitting Mills....* 4,956 Foote Burt.... • 20 1936 RANGE FOR 100 4,058 City Ice Ac Fuel 27 22 14 H 3 Jan. 1937 Bid 626 Apex Electric Ac Mil .* 882 Preferred..............100 5 356 1937 Jan. 1 to Dec. 31 788,418 Jan. 2 2,113 Air-Way El Appl l«t 7% pf 100 6,268 Akron Brut Mf;, common...* 3,465 Amer Coach & Body ..♦ 365 1937 Price Shares 1390 1938 1936 612,399 12 Months 1937 Sales January 76,061 1937 Jan. 1 to Dec. 31 Bond 1937 31,030 4 8 Mar. 29 Mar. I Feb. 13 Jan. 2 Jan. 5 Sept.22 JuJy 22 May 5 / Vv-i General AND STOCKS of this publication complete records of the dealings on the country, for the latest month and for the calendar year to date, are the exchanges, but on to the different classes of .securities of the leading stock exchanges In this department of furnished* General Quotations we combine in one comprehensive whole, securities of all classes those dealt in ' Quotations OF BONDS In the earlier part • and descriptions, not only The following is an index also leading unlisted and inactive securities. quoted« Pag* Peg* Page 83 Joint Stock Land Sank Securities.......Ill Railroad Stocks.......................— 71 fadwal Land Bank Bond*............... 91 Mining Stocks............. Real Estate Bonds................... Foreign Government Bond*.............. 92 Municipal Bonds—Domestic............. 91 Exchange Seats Industrial Bond*.. .................... 81 Canadian.. 84 ........... Textile Stocks...........—.—...—.... Title Guarantee and Safe Deposit Public Utility Bonds.............. Insurance Stocks Public Utility Stocks.................... 78 Railroad Bonds...........—.—......... 87 .......... 99 Investing Companies Securities.......... 72 .... 84 Stocks.. 84 98 73 ......................... Industrial Stock*........................ 84 ... 118 Real Estate Trust and Land Stocks...... 84 United States Government Securities—.. 91 United States Territorial Bonds.—....... 91 Quotations for all securities arc as near as possible for the closing day of the month preceding the date of issue. The letter 'Y* prefixed to bond prices denotes that the quotation Is a flat price—that Is, that the accrued interest therefore the purchaser does not have to always "flat," and no provide for It separately in making payment. forms part of the price, mad In the case of income bonds and bonds In default, the price la designating mark Is employed to indicate the fact. Quotations for equipment bonds are based on verage maturities. Quotations for guaranteed stocks are "and dividend" that is the accrued dividend must be paid In addition to the price. It should be borne in mind In the use of these tables that the quotations for many Inactive and unlisted securities are merely nominal, but In al cases the figures are obtained from sources which are considered reliable. The following abbreviations are often used, vlx.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consolidated "conv" for convertible, "s f" for sinking fund. "1 g" for land grant, "op" for optional. The black-faced type in the NOTICE—All letters showing the Interest period indicates the month when the bonds mature. bond prices Bid Bonds | RAILROAD BONDS 35 Aberdeen AAsheboro 1st 8s 40 JAJ / 92 Adirondack 1st 4 Ha 1942 gu MAS 100 Akron A Barb Belt g 4s 1942. JAD Akron Canton A Youngs town— 43 Gen Aref 6s 1945 «eries A.AAO / 44 Gen A ref 5Hs 1946 ser B.AAO / Alabama Great Southern— 1st cons g 6s 1943 ser A—JAD 99"" 1st cons lis 1943 ser B.—JAD are Ask Bonds 94" 46 Gen income os uct iu4B...j<x* 1.50 9 1 101 1.00% V 11 88 92 60 86 f*a 65 67 Coll A conv 6s „ 59 1949......JAD / / AUV^UUUJ 61 45 30H 105 H V (UK«U ve Allegheny A western— 1st mtgeguar 4e 1998... American Refrig Transit— L.MAN Equip 5 Hs series E Equip 6s ser F, G A 33 106H 64 3.50 b 4.25 2.50% 3.25% 38 44 i"Ul Uo 94 93 99 H 105 A wlI ■•••xata Atchison Topeka A Santa Fe— 107 H 98 H 107 H 100 99H 100 H 101H 99 H 97 97 vUUV Uvll 71™ A 100 102 H •••••out *< 103 H •1'09H Trans 8 L 1st g 4s 1958—JA Cal-Arls lstAref4 J4s'62 opM&f 106" 107 Rocky Mt Dlv 4s 1966...JAJ 100 H 101 Athens Terminal Ry— 1st g 5b 1937 JAJ r/ Atl A Blrm. See Seab'd Air Lin< Atlanta A Charlotte Air Line— 1st M 4Hb 1944 ser A JAJ lot M 6s 1944 ser B—....JAJ Atlanta Knoxville A Northern— 1st mtge gold 6s 1946 JAI 1st cons 4s Mar 1 2002 MAi Atlanta Terminal fls 1939—FA/ Atlantic City 1st 4s 1951...JAJ 1st 5s ext May 1 1954....MAN Atlantic Coast Line RR— 1st oons 4s JvQy 1 1953—MAf Conv deb 4s 1939 op *16—MAN Gen nnlfser A 4 Ha 1964.. JAE 10-yr coll tr 6s May 1 '45.MAN 40 Eq 4V«- 50 97 94H 106 116 97 101 101H 78 95 166" 82 H 91H 75H 67 H 93 70 80 71 2.00 2.00 100 38 104 105 - Austin A Northwestern— 1st mtge gtd g 5s 1941 Ask 75 101H AAO 59 H 61H AAO 64 H 48 H 65 5-yr sec notes 4Ha 1939--FAA Conv g 4 Ha I960 26 .FAA Ref A gen 5s 1995 series A.JAD 30 Ref A gen 6s 1995 series O. JAD 31H Ref A gen 5s 2000 ser D—MAS 29 H Ref A gen 5s series F 1996-MAS 29 H Eq tr 4Hs 1938-40 (yr) MAN b 5.75 Eq tr 4Hs '38-'41 O (yr)-.FAA b 5.75 Eq tr 5s 1938 (yr). FAA b 5.75 Refund gold 4s 1941 MAN S W Div 1st 5s 1950 JA Toledo A Gin Dlv 4s 1959.JAJ 47 42 H 37 JAJ 107 1st 42 Equip trust 3 H» Dec. 11938-46 80 103 2.75 b 3.75 94 — — _ - 94 Nominal, 4.75 4.75 33 30 4.50 JH 97 15 > 25 15 95 H 4 He guar 4Hs guar ( 1951—........MA8 1956—........FAA 4 Ha guar 1955 JAD 15 40-yr 5s guar 1970..—...FAA 5s guar July 1 1969—.. JAJ 98 5s guar Oct 1 1969.......AAO 5s guar 1954 95 H 94 100 H 85 75 31H 85 86 91 73 77 73 77 41 44 34 38 37 40 35 39 34 38 32£ 5.00 4.00% 70 74 8H 10 <lV* 98 9 103 100 4.00 94 ...FAA 16-year guar 3s 1950 .JAD MAN Guaranteed 3s 1944 Guaranteed 2s. 1938—...MAN 113 % 113 H 114H 116H 118H 115H 118H W 103 H 3.00% 94 H 105 H 113 H 114$t m H6H m 1»* 100 H 98 guar 2s 1943—.—.FAA 96 H 17-year guar 3s 1953—...FAA Eq tr 4Hs 1938-1942 (gu)*AN b &4<> Eq tr 4 Ha 1938-45 (ann).JAD b 3.40 3.40 Equipment truet 5a.. 7-year 80 90 — 2.75% 100 6s April 1944 6s June 1946................ 6s Jan 1946 A Pac 5s '44 FAA Cambria A Clearfield— 1st 5s g 1941 Gen M g 4s 1955 — 2.25% 22 96 JAJ JAJ FAA 85H' Cambria A Indiana— Eq tr 5 Hi 1938 MAN Canada Atl Ry 1st 4s 1955. -JAJ Canada South 5s 1962 ser A.AAO Canadian National Rys— 4Hs guar 1957—........-JAJ 70 88 .MAN JAD b Corp— | Burl Cedar Rapids A North— I Con 1st A coll tr 5s g '34—AAO / Certificates of deposit f 107 H Boonvilie St L A Sou 5s '51.FAA / Boston A Albany 5s Oct '63—JAJ n - - - 102 Blrm Term 1st g 4s 1957 gu.MAS Bluff Point Land A Imp 1st 4s *40 5s June 1942 JAD 5s July 1 1938 JAJ 4 He lmpt 1978 FAA 1st mtge 4 Hs ser A 1943—AAO 3 He Jan 1 1951 JAJ Ref 3 He 1952 gu N Y O..AAO Boston A Maine 7new) 6s Sept '41 4s-6s April 1947 Buff A Susquehanna RR 1st 4s Dec 30 1963 104 H 103 H Butte Anaconda - 37 4.25 Buffalo Rochester A Pittsburgh— _ 93 H Equip tr 2 Ha 1938-1947.-MAS b b 4Hs Juy 15 1947..JAJ15 Brooklyn A Montauk— 2d (now 1st) glold 5s 1938.JAD Buffalo Creek 1st 5s 1941 JAJ 1st ref 5s 1961 JAJ 64 Belt RR A Stk Yds (Indplls)— • 1st ref gold 4s 1939 MAN Belt Ry of Chatt 1st 5s '45—JAJ Belvldere Del cons 3 Hs 1943. JAJ Bessemer A Lake Erie- m 49 43 106 60 39* Gen mtge ext 6s 1938—JAJ15/ 5 Boston Term Co 3 Ha 1947..FAA 94 4s1950 JAJ 101 5.00% 5.00% 5.00% 106 - 5s 1967 ser AO MAS 5s 1955ser 2 ....MAN 1st mtge gu g 4s 1955 FAA Bost A Prov deb 5s July 11938 Boston Rev Beach A Lynn— 107 1st guar g 3s 1989.. JAD Bay City A Battle Crk 3s '89 JAD Bedford Belt 1st 5s 1938——JAJ Beech Crk Ext 3H* 1951—.AAO m 38 42 ..... Con g 4H« 1957 Equip trust 5s 1938 103 H St Johns Riv Ext gu 5s '39-FAA Van Bur Ext 5s g Jan *43. AAO Washburn Ext 1st 5s '39—FA A Battle Creek A Sturgls— m 40 — Boston ANY Air Line— 50 27 H 31 33 H 30 31 111 Cons refund g 4s 1951 JAJ 4s stamped 1951 ... Plscat Dlv g 5s Jan 1943.. A AO 1st 1st 1st 38 ...— m 4Hs 1961 ser JJ....AAO Equip trust 3 Ha Dec 1 1938-44 Eq 4Hs 1938-1943 (yr) AAO 5 Equipment trust 5s \b Boston A Maine (old)— 4s Aug 1942 FAA! 3s July 1950 JAJ) Eq tr 6s 1938 (year) .JAD b 92 JAJ Augusta union Sta 4s 1953-.JAJ Baltimore A Harrlsburg Ry 1st M West Ext g 5s 1938.MAN k Last sale, Bid 1943. 5s March 1942 5s Jan 1943..—. 5s May 1940.. 44 /This price Includes accrued interest. 5s May 28 28 (Conn)— 93 6Basis. 25 Big Sandy Ry 1st g 4s 1944—JAD Birmingham Southern- b 2.25 b 2.25 Atlantic Coast Line 96 21 AAO Bangor A Aroostook— 1st M 5s g Jan 1 1943 See Public Utilities. Ann Arbor 1st g is 1' Ark A Mem RyBridgi Bonds Pittsb Lake Erie A W Ya— b Anacostia A Potomac- ATUUsvUvn JAJ JAJ JAJ Atl A Danville 1st 4s 1948 2d g 4s 1948. Atlantic A Yadkin— Baltimore A Ohio— 1st M 4s g July 11948 1st M 5s July 1 1948 3 Albany A Susq 3His g 1946..AAO „ and defaulted bonds. Alt Aug Term 1st gu g 6s 1947.. AAO 47 112H Alabama A Vlcksburg Ry—• 1st M g 6s 1974 s. rle6 A—MAN **f" and income Boston A Maine (new) Concl— 1st mtge gu g 4s 1949 ^ b Bid Atlantic Coast Line of S Gen 1st g 4s July 1948 - _ / f "end interest" except where marked ... 98H 97 H 2.80% 2.80% 2.80% Canadian Northern— 5 F deb 6H> 1946 .JAJ 123 H 124 H 68 / NOTICE—All RAILROAl) BONDS bond prices are "and interest" except where marked "f" and Income and defaulted bonds possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as Bid Bonds Canadian N W 4Mb Oct Canadian Pacific— 22 1943.. perpetual—J&J 4Mb 1946—M&S Cons deben 4s r 20-yr coll tr 88 M 1946—A&O A&O ; Eq tr 5s 1944 J&J Eq tr 4Ms 1938-1945s-a—J&D b Oaro Cent 1st g gu 4s 1949. _J&J / Coll trust 2 Ms 1941 1938. J&D A—J&D 15 Carthage & Adirondack— 1st mtge guar g 4s 1981—J&D Oaro Clinch & Ohio 6s 4 1st cons 90 M 90 89% 96 95 113 113M 2.50% 3.25 55 40 M 100 % 100 M 101 % 6s 1952 ser 92 106 Catawlssa RR g 4s 1948 A&O 10 Cent Ark & East 1st 5s 1940-J&J / Cent Br Un Pac 1st g 4s *48.. J&D / Central of Georgia— * 1st M g 5s Nov 1 1945—-F&A / T Cons gold 58 1945 --M&N Ref & gen 5 Ms 1959 ser B-A&O Ref & gen 5s 1959 ser O—A&O Eq tr 4 Ms '38-'40 ser P«yr)M&S Eq tr 4Mb '38-'40serQ<yr)M&N Eq tr 5s 1938 (yrlyl——J&D / / f 25 25 10 M 5% 5M 63 14% 6M 9 5 50 b 5.50 b Chatt 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 ; v Oconee Div 1st 5s 1945—-J&D / Cent New Eng 1st gu 481961 J&J / Gen M mow 1st) g 5s Gen M 4s 1987 21 b \ Central of New Jersey—■ 12 4.00% 4.00% 4.00% 5.50 — 40 Eq tr 4Mb 1938-'41 (yr)—F&A Central Pacific— 1st ref 4s g guar 1949_ -—F & A m b 34 25 — - Consol 4.00% 8M 4% V' 1st g guar 4s Oct 1 80 84 50 83 H European loan 4s 46 ——M&8 f Central RR & Banking of Ga— \i Oolltrg5sl937—- -----M&N / Coll tr 5s ext'd to 1942—M&N / Central RR of South Carolina— 1st ref 6s 1937-1976 Vermont Central Ry— Eq tr 5s 1938 87% 55 M 58 43 57 106 107 108 M 105 108M , 3.00% 103 1 38 12 % notes, notes. 1946 notes, notes, notes, 34 M 98 Erie & 50 tr 2s 1938-1947...—M&S Eq tr 2Mb 1938-1946 J&D Eq tr 3s, 1938-1950 A&O Eq tr 4 Ms *38-'40 (yD .A&O Eq tr 5s 1938 lyr). M&S 15 Craig Valley 1st 5s g 1940-J&J Grain Elev 1st 4» 1938 A&O Paint Creek Br 4s 1945---F&A Potts Creek 4s 1946J&J R & A Div 1 st con g 4s '89.J&J uvjuiy 4s 1989 Warm Spr Val 1st 5s g Chesterf & Lancaster 5s 102 • b 1.75 1.10% 1.00% 109 M m'-m 101 • m. 112 107 M 5 16" 23 21% 102 M 98 101% 94% 100% 101% 102 M 102 '49 op *29.J&J 105 1949 J&J 2.70 Eq tr 2 Ms 1938-47— A&O Chicago & Eastern 111»new co)— Gen M 5s May 1951 M&N / 14 M Certificates of deposit* 13% / Chicago & Eastern Illinois— 90 1st consol 6s gold 1934—- A&O 71 Chicago & Erie os 1st g '82—M&N 17 M Chic Great West 1st 4s 1959-M&S 5.50 Equip tr 4Mb "A** 1945—A&O 106 Chic Milw St Paul & Pac RR— 60-yr 5s 1975 series A——F&A Conv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J Gen g 3 Ms B May 1 1989.J&J Gen 4Mb May *89 series O.J&J Gen 4 Ms May '89 ser E—J&J Gen M 4Mb May *89 Ser F.J&J Eq 4Mb '38-'43 E & F «yr)_J&J Eq 4 Ms '38-'4l G & H «yr) J&J Eq tr 58 '38-*40 ser B <yr)_F&A Eq tr 5 Mb 1938 A&O Chicago & North Western— . 2.00% J&J 100 — a.00% — 108 % 1st cons guar g 4s 1940—F&A — 79 92% 58% 101% St L Div 1st col tr g 4s '91 J&J '90 M&N - .. 18 M 4.50% 95 20 27 M 27 M 80 18 M 8 6M 1943 99 101 107 103 104 Gen income 5s Aug '65—F&A Assented subject to plan 112% 110% 40 fj8% 10 f f 10% 4 10% 4% / / / f f 25M 31 26 M 33 M — 29% 27% 25% b 1st lien & ref M 5Ms 1938. A&O 65 M&S J&J Ga & Ala 5s Oct 1945—. J&J Ga & Ala Term 1st g 5s 1948-J&D 83 Galveston Term 6s 1938 106 M 108 Genesee Ext at 6% to b 31M 6.75 b 6.75 b 6.75 M&N / / / f 14 M 15 14% 20% Certificates of deposit— — — Georgia Fla & Ala 1st 6s *52. F&A 90 80% 74% 2.25% Georgia Midland— 1st g 3s 1946 ....-.-A&O Ga KR& Bkgref 6s 1951. —A&O 4s Jan 1 1947 J&J Ga Sou & Fla 1st g 5s Deb 5s 1952 42 Eq tr 4 Ms 1938-1939 s-a ..M&N Glrard Point St'ge 3 Ms '40- -A&O Goshen & Deckert'n 1st 5 Ms 1978 2nd ext 6s 1979.. M&N 113 Gouv & Osw 1st 5s g Or R & Ind 1st 4 Ms 1942... J&D 1941 J&J 1st 3 Ms 1941 -J&J Grand River Valley 1st4s 1959... k Loot sale n Nominal. •2% 2 1 8 113 98 35 5~.50~ 102 30 30 106" 101 M 78 J&J 1955 96 (Lake Superior) 4s 1955 1st 48 Feb 25 '39 Alb gu..M&N 97 1st M 3s 1962 (Mountain and Pralrle)4s 45 1st 4s Feb 15 '42 Alb gu.. Gen 4s 1962 Can Govt M&N gu._J&J 18" Eq tr 5s Dec 14 1938-'43 .yr)-Grays Pt Term g 5s 1947 J&D 40 92 M 96 M 92 M 109 Great Northern— 5% 5% --J&J 1st & ref g 4 %h 48 M 65 '61 opt '41 J&J Gen M 5M* 1952 ser B—..J&J 48% Gen M 5s 1973 34 Gen 4Mb 1976 series D Gen 4Mb 1977 series E 4.50% 7M 6 9 12% ser C Greenbrier Cheat & Elk— 1st 5s 1944 .J&J W Va Midland Ext 5s '64-J&J Greenbr Ry 1st g gu 4s '40. M&N Green Bay & Western— Debenture ctfs A i 80 105 % 92% 80 94 84 M 2.70" 1.75 2.00 1.25 2.00 2.25 90 95 104 M 59 Feb Debenture ctfs B 14 90M 4.00 ..J&J J&J J&J Gen mtge 4s ser G 1946—-J&J Gen mtge 4s ser H 1946 J&J Gen mtge 3Ms ser I 1967.-J&J Eq tr 2s 1938-1947 M&S Eq tr 4Mb 1938-1939 M&S Eq tr 4 Ms 1938-1940 D yr) J&J Eq tr 58 1938 <yr)_.M&S Western Fruit Express— Eq 5s J'ne lo'38 '39 iyr)J&D Eq tr 4Mb 1938-1940..J&D 50 4.00% 4.00% 4.00% - Feb. 8% Guantanamo & Western— 59 2% 17 35 35 3% . 55" J&J 56 Guayaquil & Quito 1st 5s '32 J&J2 —— 7 . 1st M 6s 1958 series A Gulf Mobile & Northern— 1st 5 Ms 1950 ser B 1st 5s 1950 series O A&O A&O 76% Gulf & Ship Island RR— 5s Feb '52 J&J Stmpd .July 1 1933 cpn on). Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu 24% 20; Pacific— 1st ref & term g 17% v __._A&0 20 98 f / - J&J 1945 Grand Trunk Western— 1st g gu 4s $ July 1 1950. b 4.50 / f 18 M i- M&N 1st M 6s 1946 series A Dm Moines & Fort Dodge— 6.00% 6.00% 6.00% 6.00% July 1 1934 / Oeorgia & Florida RR— 19 M 49 % J&j 1st 4s 1950 18 Georgia Carolina & Nor— 102% 16 M / f 57% 19% 1957 Klver 6s 27 8 Ref &lmpt 5s 1978 ser B_ A&O f Eq tr 4Mb 1938-'42 <yr)..M&N b 5.00 b 5.00 Equipment trust 5s— — b 5.00 Equipment trust 5 Mb Denver & Rio Grande/ 12M 1st con g 4Mb 1936 f 13 Denver & Salt Lake Ry— f 56 41 6.75 — 3M 101 Fort St Un Dep Det 4Ms '41 .J&J Houston & Henderson Galveston Denver & Rio Grande Western— Equip trust 4s Apr 1 1938-'49 1% 1% deposit.. Fort Dodge Des Moines & Sou— 1st 5s 1938 J&D Delaware Lackawanna & Western 106 18 40 2% 16 M&N 85 Proof of claim riled Certificates of 104 % 99 Delaware & Hudson— 1st & ref gold 4s 80 __J&J 16 Deb 4s 1956 guar— J&J 16 Copper Range RR 1st 5s '49-A&O f Cuban Nor Rys 1st 5Ms, '42 J&D 39% 47 M Cuba RR 1st g 5s 1952 .J&J 54 7M® extended to 1946——J&D 42 6s extended to 1946—- —J&D 32 Imp & equip 5s 1960 M&N Danbury & Norw ref 4s 1955.J&J / 30 102 Dayton Union Ry 1st 4s '49.J&J 102 Del & Bound Br 3Ms 1955.-F&A 83 14 M 5% 5% .. 1st con 4 Ms 1982 (Nov '32 and May *37 coup). 108 115 - 40 M 45 Proof of claim filed 101 35" 102 - Amended 61M 102 Grand Trunk . 12 12 11M 5% 5% 25M 25 M 82% 38 4s 1943 M&S Connecting Ry iPhlla)— 1st M gu 4s Mar 15 '51 -M&S 15 1st 5s 1951 M&S Consol Rys «N H) deb 4s '54-J&J Deb 4s 1955 -J&J Deb 4s 1955 A&O 60 M 90' Gen ref gold 4s I960. J&J / 1st cons ref 4 Ms'52 opt—M&N 108 Ri vers .——A&O 1st gold 48 1943 90 deposit-. 11 .s-a)..-M&S Florida Southern— 1st g guar 4s 1945 80 -JAJ 90 Florida West Sh 5s 1934 J&J Fonda Johnstown & Gloversv— „ Connecticut & Passumpsic 90 M&S Certificates of 85 M - 17 90 _J&J '69. J&D cons Eq 4Mb '38-'41 104 JAD —J&D f:i7?~ Jersey s f 6s 1955 J&J Pittsburgh— gu g 3M8 ser B 1940.-J&J 5s gold 1943 Florida East Coast 4M« 106 100 % 22 A&O 1953 Series C 1940 J&J Florida Central & Peninsula— 108 % 104% Conn River gold 90 M 80 92 / / / / f f f 'ft D 1 st & ref 5s 1974 100 Spr & Col Div 4s 1st g '40.M&S White W V Div 1st 4s *40--J&J Cleveland & Pittsburgh— 109 Ser A 4Mb gen gtd 1942—J&J 109 Ser B 4M» 8en f?td 1942.-A&O 104 Ser B 3Ms gen gtd 1942..A&O 104 Ser0 3Msgengtd 1948 —M&N Ser D 3 Ms gen gtd 1950 —F&A 105"" Gen & ref 4Mb 1977 ser A.F&A Gen & ref 4Mb 1981 sor B—J&J Cleve Short L 4Mb 1961 A&O Cleveland Terminal & Valley— 85 ? 1st 4s gold guar 1995 M&N Cleveland Union Terminals— 1st s f 5Ms 1972 series A. .A&O 84% 1st Ms f 5s 1973 series B—A&O 79% 1stsf 4Mb 1977 series O—A&O 71% Ciinchfield RR— Equip tr 2 M8 ser A 38- 52 M&S b 3.25 99 % Coal Riv Ry 1st 4s gu 1945.J&D Colorado & Southern— 41 General mtge 4Mb 1980—M&N 105 Col & Pt Deposit 4s 1940—F&A Columbus & Hocking Valley— Ext gold 4s 1948 A&O Columbus & Toledo— 109 M 1st ext g 4s 1955. F&A Concord & Claremont— This price Includes accrued interest . 1.50 —J&J 1st 58 1944 16 M 16 M „ Chicago & Illinois Midland Ry— 1st mtge s i 4M® ser A '56 M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago lndianap & Louisville— ? Ref M g 6s 1947 series A. — J&J Ref M g 5s 1947 series B—J&J Ref M g 4s 1947 series O-.-J&J 1st & gen 5s 1966 series A.M&N 1st & gen 6s May *66 ser B.J&J Monon Coal gu 5s *36 opt-J&D Non-cum inc 5s 1955(w-s).-_ Chic Indianapolis & St LouisShort Line 1st 4s 1953 A&O Chic June RR 1st 4s 1945—M&S Chic June Ry & Un Stk Ids— Coll tr ref 5s 1940 A&O Coll trust ref 4s 1940 A&O Chicago Lake Shore & Eastern— 1st M 4Mb 1969 opt 1919.J&D Chic Memp & Gulf 5s 1940--J&J Chic Milw & Gary 1st 5s '48.A&O 0 Basis — 112M 1 1987 — 105 M Illinois Div 3 Ms Gen M 3 Ms g m. 107 1st & ref 4 Ms ser B 1977..F&A 1st & ref g 5s 1971 ser A.-F&A _ — 2.00% 2.00% 5<1.30 55 F&A f . --- 2.00% 2.75 ----J&J *41 -M&S — O W & M Div 1st 4s g 102 2.80 — Gen 102 Ref & imp 4Mb ser E 1977-J&J Cairo Div 1st g 4s 1939 J&J 96 100 % 101 tmm — b mt 1943 General 4s gold 1993 Gen M 5s ser B 1993- 98% 101 % 2.70 b Chicago & Alton RR— Refunding g 3s 1949. A&O Chicago Burlington & Quincy—Gen M 4s 1958 ----M&S 4s July 1st gtd 5s 106 % 119 101 b Erie & Clev Cine Chic & St Louis— 105 M —-J&J - Series 27% 22 Kef & imp M 5s 1967 —-M&N Ref & impt M 5s 1975 A&O Eq 4Mb '38-'41 LL (s-a).;. M&S Eq tr 4Mb l938-'43 (s-a).-M&S Equipment trust 5s 1 Equipment trust 5 Ms 86 % 34 50 J&J J&J A..A&O A&O Conv gold 4s 1953 ser Sories B 1953 90 Cleveland Akron & Columbus— 1st 117% 92% 91% 100% 100% 101% 101% 101% 1941-———J&J 1942. J&J 1943 J&J 1944 J&J 1945 J&J notes, 101 60 J&J —-J40notes. Cin Northern R R 1st 4s 1951 - - 100 80 Prior lien gold 4s 1996 Gen lien gold 4s. 1996 106 40 107 106 Erie- 102 M b 100 A&O 1st & ref 5s 1965 ^ .yr)—---A&O British 5s stamped 1965 1st mtge g 5s sories C '57-M&N 1st M3Msser D 1971 M&N Clearfield & Mahoning— 92 1957 gu__J&J 106 Cincinnati Union Term Co— 4.00 Chesapeake & Ohio— 1st cons g 5s 1939.-—--M&N General 4Mb gold 1992...M&S Ref & imtp 3 ;sD 1996-M&N s ser E 1996 F&A Ref & .mpt 3, con g Cin N O & Tex Pac Ry— 100 Chattanooga Sta 4s 2d 81 *44 •JT)-1946--A&O Sou 1st 5s 47 J&J Eq tr 5s Dec 14 1938 Ohar & W Carolina 5s Chatt Rome & 61 76 61 60 50 A&O El Paso & R I 1st gu 5s 1951 - J&J El Paso & Southwestern RR— 79% —— 59 % F&A ■j,Guar g 5s 1960 M&N 80" 78 1st consol gtd 4s 1942 M&N Cine & Musk Val 4s 1948.-F&A 75 Columbia Ry 4Mb 1944 A&O Elgin Jol & East 5s 1941—M&N Elroira & VVllliamsport— 1st 6s 1910 ext at 4% 1950-J&J Income 5s 2862 A&O Cincinnati Lebanon & Northern— 101M 1954—A&O ldl M&N it Nor Div 1st g 4s 1948 Edmonton Dun vegan & 5 „ 90 21M Consol 1st g 5s 1956 Eastern Ry or Minnesota— 7 .J&D 1965-M&N 60 J&J . 1st extended 5s 1965 East Tenn Va & Georgia— ^ 1942 General 5s gold 104 Dutchess Co RR 4M8 1940-*J&D East Penn 1st 4s 1958 j-M&S East Tenn & Western N C— "7" &'Gulf— gold 5s 1952 M&N / Gin Ind & West 1st 5s 89 109 Dexter & Piscataquis— 1st 4Ms 1949 Cincinnati Hamilton & Dayton— 29 — 4.65 Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J 18 47 A&O J&J 1944 1st M 4s series D 1963 Guar 4s 101 Duluth South Shore & Atlantic— 1st gold 5s 1937 -J&J 17% Chicago Term 1st jet 4s '41-M&N Chic Terre Haute & Southeast—1st & ref g 5s Doc 1 '60 opt J kD Inc mtge 5s Dec 1 1960. T-M&S Chicago Union Station— Choctaw Oklahoma ' . J&J Detroit Term & Tunnel— 1st guar 4 Ms 1961 M&N Detroit Toledo & Ironton— 1st 5s Mar 1 1964 J&J 5.50% 5.50% — — Chicago & Western Indiana— Consol gold guar 4s 1952—J&J 1st & ref M 4 Mb D 1962. -M&S Choc & Memph os 1949— —-J&J 28 8 35 6.15* 6.25 1st mtge 3 Ms ser E[ 1?63—,-JAJ Guaranteed'3 Ms 1951—M&S 13 5 3s Refg4sl934optto 1911—A&O Certificates of deposit Sec 4 Ms 1952 ser A M&S Sec 4 M ser A certif of dep.-. - 30-yr conv 4 Ms 1960 M&N Trustee ctfs 3 Ms 1947 Chicago St Louis & N O— Con g 5s June 15 '51—.J&D 15 Con g 3Mb June 15 *51.J&D 15 Mem Div 1st 4s 1951 ■'AD 23 -i-r 1987-J&J -J&J Ohic R I & Pac Ry— General gold 4s 1988 Certificates of deposit— 22% 11% 11% 11 M 18% 1949 ser A—-M&N Eq 5s 1938 G i yr) J&D Eq 4Mb '38-'42<yr)ser A.M&N 14 — 16 M Conv g 4 Ms 106 93 M 19M 15% 1st & ref 5s May 2037.—J&D 1st & ref 4Mb May 2037.-J&D 1st & ref 4Mb May 2037 O J&D 95% 92 M 15-yr conv colltr 4s 1949-.J&J I Conv coll tr 3M« 1961— Conv coll trust 3s 101M 100 M 100 % 100 % 99% 95% M&S f 105 Con v coll tr 6s 1942 GenM4Ms'87 stpd Inc taxM&N GenM4Ms'87 stpd inctaxM&N 15-year oMs Mar 1936 M&S 87% Bid Bonds Ask Bid Chicago & North Western Cont.— 94 io8SS Coll tr 5b 1954 S f 4Mb Dec 15 1944—J&D 15 Coll tr 4Kb I960— -J&J Bonds Ask 91M - J&J 90% Jan. 27 99 60 r arid defaulted bonds possible for the closing day of the month preceding the date of Issue interest" except wliere marked "f" and Income NOTICE—All bond prices are "and Quotations for all securities are as near as Bid Bonds Litchf & Madis 1st 5s H & Ha rtford. R & Portch—See N Y N * Harris Ports Mt Joy & Lane RR 1943 Hoboken Ferry 5s 1940 107 50 J&J M&N Hocking Valley Ry— 1st cons gold 4*s 1999—.J&J 114* Eq tr 5s 1938 (ann)——A&O 5 1.50 Eq tr 5s 1938-1939 (yr)—J&J b 1.75 Holidaysburg Bedford & Oumb 100 1st M g 4s 1951 guar -J&J Holyoke & West 4*s 1951--A&O / 20 Housatonic con 5s 1937 M&N / 25 t 115* 1.00% 1.25% .52 1957 opt F&A Adj inc up to 6% Feb '57-A&0 ' 1st M 4*s 1957 conv F&A 1st gold 5s It* Illinois Central— 75 88 88 1st g 3s sterling 1951 M&S Coll trust gold 4s 1952—A&O 40* ColtrLN 0&Tg4s'53-M&N Ref xntge 5s 1955 M&N 44"" 1918—M&N 1952—J&J Ref g 4s 1955 opt Pur liens 1st g 3*s Jt 1st ref M (IO&C N O) 5s 1963 ser 8L& _ 35* 33 30 50'" Macon Dublin & Macon Terminal 5s 1st mtge & 87 Indianapolis & Louisville— 1st guar 4s 1956 .....—J&J / 13 Indianapolis Union— 100 Ref & imp M 3 *s ser B *86 M&S / / f f b M&N F&A Interstate Transf Ry 5s 1945.J&J Iowa Cent 1st g 5s 1938 J&D 1st M 5s 1972 opt 1st 1 & ref 6*s 1947 Certificates of deposit--—— f 1st & ref g 4s 1951 —M&S / Jacksonville & Gainesville & 1951 A&O f Jackson Lansing & Saginaw— 1st 3*s Sept 1 1951 17 4H 17 17 5.00 80 X 88 102 18X 17 X 17 H 4.00 % 85 94 J&D 1957 J&J Joplln Union Depot Co— 1st g 4 His 1940 guar opt_M&N 7 6 2X 7 3 11 89 1944 J&D Kalamazoo Allegheny & Grand Rapids gtd 5s '38--J&J Hal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR 1st gold 5s 1940 J&J Kanawha Br & Ter 5s 1948.A&0 Kana & Mich 1st 4s 1990- -A&O Kan City Ft Scott & Memphis Ref g 4s 1936 guar A&O Certificates of 102 96 73* 99 100* 1st consol gold 5s 1934...M&N Certificates of deposit / 1st refdg gold 4s 1949— -M&S/ Ref & ext 5s Feb '62 ser A-Q-F/ Certificates of deposit-...-. / 99 104* 92* 1st ref 5*s 1978 ser B 25-year 5*s 1949 Secured notes 5s 1938 lst Oh Ter 98 1st mtge 5s ext at 3 % to '47 J&J 2d 5s 1941 ——J&J Lake Shore & Mich South—_ Cong g ref 3*s 1997——J&D Leamington & St Clair 4s '45 A&O Lehigh Coal & Navigation— See Industrial bonds. 93 Lehigh & Lake Erie 4*s '57-M&S Lehigh & New England— 1st M gold 5s 1945——J&J Gen mtge 4s ser A 1965 A&O Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954———F&A Lehigh Valley— 1st gold 4s 1948—.—..J&D Con M 68 ann irred J&D Con M 4*s ann irred——J&D Gen cons gold 4s 2003—-M&N Gen con go <1 4*s 2003—M&N 95 83 55 95* 95 6 Basis. 2* 1951 / M&N J&J J&J Hav & No Ham 4s 1956 guJ&D J June 1st 4s gu 1986 F&A IX Eqtr 2 Ha 1938-1952 108 91 * 60 48 85 Certificates of deposit 1st & ref 5s 1981 ser I Certificates of deposit 65 70 23 23* 24* SIX itS 42* 49 * 74* 59 * 115 /Price includes accrued Interest, 93 / F&A / / Conv g 5*8 1949 ser A M&N Secured 5*s 1937-1950.—J&D 40 80 29 X N 30 47 X 36 N N J & N Y 1st ext 5s 1950—M&S k Last sale n Nominal. J&J J&J 17 98HI J&J 100 HI J&J 1* 98"" 85 HI 100 Extended at 5% Ref & impt 4*s 5* ' 14 85 92 79X 1940 M&N 52 ser A J&J 45 59 X Non-cum inc 5s '35 ser A_ _ 102 45" 15X 23* 57 SIX 31X F&A 1956 series C 1st 5s 30 30 30 31 55 Certificates of deposit 1st M 5H* 1954 series A-.A&O Certificates of deposit 16 29 A&O A&O f 1st 5s 1954 series B 15 70 New Orleans Texas & Mexico— 89 mm 12 H New Orl Term 1st 4s 1953--J&J 100 84" 64 J&J 50-year 1st 5s 1983 Income deb 5s 2032 New Orl & Nor East 6s 1915 2* 2* — 95 30 New Orleans Great Northern— 1st M 4X* 1956 series D F&A Equip trust 4*s Newport & Cincinnati Bridge— 1st M g 4 Ha 1945 guar J&J Newport & Richfor Is 5s 1941 v b 28 HI 5.50 P 42 35 4.25% 110 65 __ New York Central RR— 74* —J 60 77 17* 17 95 32 72 HI 4s 1998 ser A..F&A 4*s 2013 A...A&0 Ref & impt 5s 2013 C A&O 10-year 3*s sec s f 1940--A&O 3 Ha conv secured 1952 M&N New York Central & Hud RIv— Cons mtge Ref & impt 52 78 71 8* ft* 85X 86 X ; 58 HI 82 X Ref g 3*s July 1 1997—J&J 1942 tax-exempt-_J&J 55 Deb 4s 85 Ref & ref 4 X* ser A 42 .... A&O 52 H 54 76 X 79 2013- - 5* 7 L S coll tr g 3 Ha 1998 F&A M C coll tr g 3*s 1998—-F&A 2% 3 Spuyten Duyvil & Pt Morris s 3* 2* IX Cent equip trusts— 96 8 4 3.00% Nov 15 50 98* 1.25< 2.50' 3.15 2.50(, N Y Chicago & St Louis— 1st 3Ha extend 1947...-A&O 34 3d mtge 4H* 1938 N Y & Greenwood Lake 32 49 18 4.00 18* 3.00% 102 H 54 19"" NY & NE Bos Ter 4s 1939--A&O 20* 19* 22* N Y New 6* M — — — 20* ' - — - ~ — - — 5* 6* 4.00% 4. 0% 6* 68* 88 75 38 44 82 106 92 X 90 65 100 59 f 102"" 50 60 Western— 77 V% 1st & ref 4s ser A 92 X 97 X 98 / —. 99"" Haven & Hartford— Deb 08 Jan 15 '48 conv._J&Jl5 Deb4s May 1 1957-. —-M&N 20 X 9 22 10 Deb 4s July 1 '55 non-conv J&J Deb 4s 1956 non-conv..-M&N 17 X 18 19H non-conv M&S March 1947 M&S Deb3Hs 1954 non-conv. _A&O Deb 3Hjs 1956 conv J&J 15-year secured 6s 1940-.-A&O 1st & ref 4 H* 1907 J&D 15 20 15 X 18 Deb 48 1947 Deb 3 His 21 104 X 104 1973--.M&N 1st & ref 4 His 1973 ser B M&N New York & Long Branch— General gold 4s 1941 M&S General 1st 5s 1941 M&S 20* 17* 20* 17* 20* 17* 20* 17* 20* 17* 4* 5* 1.50% 3.25% 4.00 M&S Guar g 5s 1946 M&N N Y & Har 1st g 3 Ha 2000-.M&N N Y & Hob Fy 5s May '40—-J&D Y Lack & 45) 78) 3.50' 2.00 -M&S 41* N 59 4~50 -M&N 38* 32* 35 90 52 J Erie RR— 1st 4s ext g 1947-—2d ext 5s 1939 80 80 58 H 51H 44 H 3-year 6s Oct 1 1938 Ref 5 Ha 1974 ser A A&O Ref 4 Ha 1978 ser C M&S 10-yr coll tr 4s 1946 F&A Equip tr 4*s 1938-'44 (yr)F&A Equip tr5s 1938 (yr) F&A Equip trust 3s July 1 1938-'51 New York Connecting RR— 1st M 1953 series A—F&A 1st iruar 5s 1953 series B F&A 80 28 1.25« 2.00 3.25 New York & 75 2.00 J&D --M&S M&N H* Mar 15 1938-1952 1938-1939 2 88 4.00 75 97 .J&D 1959 4 Ha Mar 15 1938-'39 4 Ha 1938-1945 13* 3d 7s ext to July 1938 at Gen M g 4s 1945 2X 65 General 5s Jan 1 1938 New Lon Nor 1st 4s 1940 5.09 oblle & Birmingham— Prior lien 5s. 1945 .... 44 42 5.00 M&N , 45 0 4% 1* 1* 25 Eq tr 4He '38-*44 F (yr)._M&N b Mo Pac (old)—Gen 4s 1975.M&S f Equip trust 5s 1938 '40(yr)M&8 con 50 0 F&A / / 1st & ref 5s 1977 ser F—.M&S / Certificates of deposit / 1st & ref 5s 1978 ser G M&N / Certificates of deposit / 1st & ref 5s 1980 ser H A&O / 76 112 F&A 4 25 80 66 1st & ref 5s Jan 1965 A Certificates of deposit J&J 1* 1 —. receipt No 4 on — Naugatuck 1st 4s 1954 New Eng cons 4s 1945 gu Consol g 58 July 1 1945 Illinois _ 5s 1939 '26 f 4s(Apr 1914 coupon on) / April 1914 coupon off 1951 / 62* 3H Mo Kan & Tex (old company)— 1st gold 4s 1990J&D Mo Pacific RR (new company)— 90 65 2.75% of Mexico— 1951 J&J f M&S / F&A J&D15 b f 4s '41op'16- M&N k 53* 2* 1st "5* Bridge and Belt RR cons 4s 1951 J&J Mo-Illinois RR5s 1959 J&J / Mo Kans & Okla 5s 1942—.M&S Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A J&J Prior lien 4s 1962 ser B J&J Prior lien 4H* 1978 ser D.J&J Adj M 5s Jan 1967 ser A—A&O / Missouri 97" Lehigh & N Y 1st 4s 1945..M&S Lex & East'n 1st gu 5s 1965--A&O Lincoln Park & Charlotte— s 56* 1* 1957 scrip receipt No 5 on 1977- / ~4H Minn Terminal 1st 3 Ha '50--J&J / Minn Transfer Ry 3*s 1956-J&O 61 6 3.25 Prior lien 4Xa assent cash warr't & scrip ret No 4 on ff Eq tr 4s 1938 s-a M St P & S3 M & Cent Term Ry- 100 2* National RR 10* 6H 9H J&J 95 1* 2* 2* 5s ..J&J / J&J / 104 113 scrip receipt No 4 on 1957- / Gtd gen s f 4s (Apr '14 coup on) / April 1914 coupon off 1977— / 12 1st ref 6s 1946 series A J&J M&N gold 4s 1938 1938 102 —. Minn St P & Sault Ste Marie— cons 55 ---- / / / 94 1st cons 5s 1938 gu int J&J f 2d M gold 4s guar 1949—J&J M&S July 1914 coupon on 1957 July 1914 coupon off 1957 Assent cash warrant and 85 Minneapolis Northfield& Southern Ry 1st 6s *41.-M&S 1st cons gold 5s 08 Jan 1914 coupon on to J&D / Sparta & NW 1st 4s 1947M&S / -J&J / Minneapolis & St Louis— 1st 7s '27 ext at 6% 1932—J&D / 1st mtge 4Kb ungar 1901 Lake Erie & Western RR— gold 5s 2003 at 4*% M11&State Line 1st 3 Ha 1941 102 Stmpd accr int at rate 4.8665— Gen con 113 51 Mil 103 3s 1950 A&O 11950—J&J Lehigh Valley Ry of New York 1st 4*s gold 1940 .J&J Lehigh Vail Term 5s 1941—A&O 1.25% 54 . 19* 70 —M&S 2002—M&S Eq tr 2*s 1938-1952 National Rys of Mexico— Prior lien 4 Ha— 75 78 -i.—..... 1934 (1884). 1st - 90 113 Valley—5s 1943--A&O Con ext 4*s 1939 Cons 6s 1913 ext 89 deposit 1901 1959—M&N 1st ext 4*8 1939 Eq tr 5*s 1938 (year)—.M&S Eq tr 3s F Jan 1 1939 43 Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 J&J Kansas Oklahoma & Gulf— 1st M 5s 1978— J&J Kentucky Cent 4s g 1987——J&J Kentucky & Indiana Term RR 1st M 4)4* 1901 (sterling).J&J Acer int at exch rate 4.8665— Plain 86* Milwaukee & Northern— 100 84 5s Nov 1 Adj M Apr 1 *53 ser A—.Sept f Adj 5s series 3 1953 Sept-.... / K O Mem & Blr 4s 1934 M&S Income 5s Mar 1934----Sept 1 Kan City Sou—1st g Ref & Impt 5s Apr 97 X 70 Sept 1914 coupon on 1977-M&S / Sept 1914 coupon off 1977 M&S/ 4s Asst (cash warr & coup)-1977 / Michigan Central— Ref & impt 4*sl979 ser C_ J&J 1st 5sKal & 8H 1939 M&N 1st Mtge M Air L 4s 1940—J&J 1st g 4s Jol & N Ind 1957-J& J10 1st gold 3Ha 1952 M&N Middlesex Val 1st 5s 1942—M&N Midi RR 4% franc bonds (Foreign series) I960- — —J&D / Midland of N J 1st 6s 1910 ext at 5% to 1940--——-A&O / Midland 103* _ 1st 5s June 1 103 90 , —— Jacksonville Terminal— 1st g 4s 1959 guar Joliet & Northern Ind 4s 105X 85 * Meridian Term 4s '55 guar.M&N 99 16 35 Mexican International— 5 96 14* Montgomery & Erie 1st 5s 1956-- / 30 102 Montour RR 1st 5s 1963 F&A 59* Morris & Essex 3 Ha 2000 J&D 53 Constr'n 5s 1955 ser A M&N 49* Constr'n 4H* 1955 ser B-M&N Nashville Chattanooga & St L— 61* 1st M 4s 1978 ser A F&A __ Internat-Great North Ry— 99 1955 A&O Wyoming & Southern— 3.00% 3.00% b 4.00 b 4.00 1st 25 96 Assent cash warrant and 80 gtd 3*8 1941 J&J / Maryland & Pa 1st g 4s '51-M&S 1st cons A 6s 1963 A&O M'shfleld & S'east—See Wis Cent Memphis Union Station Co— 96 1st g gu 1907—J&J Ref & ext 5s series B 1967—J&J 6s July 1 1967— Jamestown Frank & Clearfield— 108 w 111 99 1st mtge gold 5s 1939----M&S Montauk Ext 1st 5s 1945 J&J Montana 20 98 48 * ser.-J&J 14 96 117 Gen 86* I960-J&D Equipment trust 5s Equipment trust 5*s—----Manila RR Sou Lines 4s '39-M&N 4s 1939 ext to 1959 Philippine Govt gu M&N Manitowoc Green Bay & Western 107 J&J ——— 68 3.00% 65 60 96 coll 4s ser A '45 J&D Conv gen 4*s ser A Secured 6s 1959 1st 50 11 11 Monon Coal—See Chic Ind & Lou 74Va J&J 1965..—J&J 75 % .... . Monongahela Ry Co— 1st mtge 4s ser A I960---M&N Monongahela Sou 5s 1955—A&O Maine Central— Indiana Illinois & Iowa— 1st 5s July 1 1939 Ref & ext 5s series A 1.50 2.25 54 Savannah— 5s 1947 1st 65 Genl mtge 4s 1957 —J&J Gen mtge 4*8 1957-——J&J Gulf Ky 1st 5s 1st guar g 4s 1991 Consol gold 3H* 103 ; Indiana Harbor Belt RR— 1st M g 6s 1952 series A—J&J Adj M 6s July 1952 ser A.April 1st M 5s 1956 series B J&J 1st M 5s 1956 ser C -J&J Eq tr4*s 1938-42 (yr)—A&O Internat Rys (Central America)— Mohawk & Malone— 88* 88* 111 N 4s, 1952 Sold Term 1st g 4s '52 gu J&D J&J A&O gold 4s 1950 91X 92* 2d mtge 3s 1980 M&S Mob & Mont 4*s 1945—M&S Southern Ry Joint Monon coll 4.75 4.75 4.75 4.25 Sp'field Div ext 3*s 1951 J&J Western lines g 4s 1951—F&A Indiana Bloom in gton & Western— 1st Eq 4Ha 1938-41 (yr)...J&J15 Eq tr 5s 1938 (s-a) M&S Eq tr 5s 1939 (year) ._J&J Montgom Div g 5s 1947—F&A / 75 South East & St Louis Div—- 4.75 1951—J&J 1951—J&J 1st ext 4s 1940 -J&J M&S / Secured 5s 1938 „ „ 102 * A&O 1st & ref 4 lis 2003 ser O. _ A&O 1st & ref 4s ser D 2003—A&O 83 1st & ref 3*s ser E 2003--A&O Equipment trust 5s b 1.75 AUK&CinDiv4sl955—M&N 105 * Pad & Mem Dlv 1st 4s'46.F&A 105* 8t Louis Dlv 3*s g St Louis Dlv 3b g Gen gold 4s, 1938...-..-M&S / Ref & impt 4*s 1977 M&S / 108* 4s 1939 guar J&J / 15 Long Dock cons 3 X* 1950--A&O Long Island— Unified g 4s. 1949--M&S Gen mtge gold 4s 1938——J&D 100* Refunding mtge 4s 1949. .M&S 86 4s stamped 1949---—--M&S — Equip tr 5s 1938-39 (yr)—A&O b 2.50 Equip tr 4*s 1941-45 (yr).F&A b 3.25 Los Ang-Pac Co ref 4s 1950—J&J 50 Louisiana & Ark 5s A 1969—.J&J 62 * Equip trust 3 lis to 1946—A&O b 4.00 Louisiana & North West RR—• 1st M gold 5s 1935 -—A&O / 18 Louisville Henderson & St Louis— 1st mtge gold 5s 1946--—J&J 105 Louisville & Jeffersonville Bridge Guaranteed gold 4s 1945—M&S Unified gold 4s 1940 1st & rer 5s 2003 ser B 1951—F&A Omaha Div 1st 3s g Mobile & Ohio- 101 Louisville & Nashville— 37* A J&D Series C 4*s 1963 J&D 40-year 4*s Aug 1 1960-F&A Eq tr 4*s 1938-1939 K—F&A Eq tr 4*s 1938-1940 L-.A&O Eq tr 4*s '38-*41 M (e-a)-M&N Eq tr 4*s 1938-41 Ser N.A&O Eq tr 3s ser R 1938-1952..M&S Carlo Bridge 4s g 1950—J&D Lltch Div 1st g 3s 1951-—J&J Louisv Div 3*s g 1953—J&J 99* 1st gold 60 Hudson & Manhattan— 1st gold 4s 1951—— J&J 1st gold 3*s 1951 -J&J Main L ext 1st g 3*s '51-A&0 1959.M&N Little Miami guar 4s 1962--M&N Little Rock & Hot Spr West Ry— Ask Bid Bonds Ask Bid Bonds Ask Harl Ext 4s 69 RAILROAD BONDS Fm, 1938] Equip tr 4 J4s Sept 15 1938 to (s.-a.)„M&S15 Equipttr 4X* '38-*40 (yr)_J&J Equipment trust 5s Har Riv & Pt Ches 4s '54 M&N N Y & N J Ferry 5s 1940 J&J Mar 15 1945 H* 33 20 HI 19X 18 1 18H { 22H N 35 5.00 4.00% 5.00 4.00% 4.00% 5.00 88 52"" 70 RAILROAD BONDS NOTICE—All bond prices tr« "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Ask New York Ontario & Western— Ref 1st g 4s June 1992 M&S / Gen M g 4s 1955 red J&D 9 6% N Y Pennsylvania & Ohio— Prior lien ext 4 Ms, 1950--M&S N Y Phil & Norf—1st g 4s '39J&J Income 4s Jan 1 1939 M&N Stock trust ctfs 4s 1948... J&D N Y Prov & Bos 4s 1942 a&o N \ & Putnam 1st 4s g 1993. A&O N Y Short Line 4s 1957 F&A N Y & Stamford 4s 1958 M&N N Y Susq & Western— 1st refunding 5s 19&7 2d mtge 4Kb 1937 " _ Ask Bid Bonds Bonds 100 Phila & Chester Val 4s 1938. a&O 97 Phila Newton & N Y 3s 1942 A&O Phila & Reading RR—See "Readi ng Co." Philippine Railway— 95 80 1st p 4s 1937 s f oPt gu J&J / Piedmont & Northern— 1st mtge 3 Kb 1966 J&O Pitts Bessemer & Lake Erie— 101 100 96 98 99!Vx 59% 65" Cons gold 5s 1947 4Kb series B 1942 12 4 Ks series O 1942 4sseries D 1945 10% 6% 3Kb series E 1949 _ 9% 6% 5% 40% -J&J / F&A / 16 10 % 53 1st gen g 5s 1954 opt J&J / Norfolk Term 1st gu 4s 1961M&N 102 1st f&A gold 5s 1949 110" iio" . Certificates of deposit f. 5% secured notes 1931 f&A Receiver ctfs 2-3 Ks '45-.-f&A Atlanta-Birmingham Div— 1st g 4s May! 1933—..M&S / Scab-All Florida Ity— 122" 110 106 107 K 105 % 107 98% 100 1st gu 6s 1935 series A 3 1st s r g 5s 1959 J&D / Pitts Shenango & Lake Erie— 112 1st gold 5s 1940 A&O 112 Cons 1st g 5s July 1 1943..J&J 45 Pittsburgh & Shawmut— 103 122" 118K 115" O Apr 1 1935 & sub coups 1945— Apr 1938 and subs coupons Ctfs of dep stmpd as to sale of April 1933 to Oct 1934,1945- / Stamped as to sale of Apr 1 '33 to Oct 1 1937 coupons / - 1 I 1 66 K 1 70 70 — ... Northern Pacific— Prior lien g 4s Jan 1997 Gen lien g 3s Jan 2047 Ref & imp 4Kb 2047 ser 84 Q& J Q&F A.J&J Ref & imp 6s 2047 ser B J&J Ref & imp 5s 2047 ser O—J&J Ref & imp 5s 2047 ser D J&J Eq tr 4Kb 1938-'40 (yr)M&S15 (yr)M< Eq tr 2'Ks 1938-1947 M&S J&J 5 Eqtr 2 Ha 1938-1946 1 Nor KR or N J gen 4H« 2000. J&J / No Ry of Cal 5s g gu 1938A&0 North Pennsylvania RR— Gen g 3 3-10s 1953 J&D WA 54 62* 64% 75% 66 K 73 66 % 69% 1.25% 2.00% 2.00% 2.00 2.75 2-75 25 102 - 92 29 22 — 96 99" 10% 14 4s stamped 1948 J&J / Ohio Connecting 4s 1943 106 M&S Ohio Ind & Western 5s 1938-—— 100 Ohio & Little Kanawha5s '5CM&S 45 Old Colony RR 4s 1938 14 J&J 1st M 5Hs 1944 F&A 1st M 58 1945 8eries B....J&D / 1st M 4J4s 1950 series O J&J / 5s 1946 J&J Oregon-Wash RR & Nav— 1st & ref g gu 4s '61 opt--J&J FacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938--F&A — 70" ' ' — 103 — — 92 - - - 104 103 K 104 106 K 104K 4s guar 80 96% 96% 89% 89% 5 1.50 5 3.00 5 2.75 55 58 6K 105 f 70 [/ / / 5 66% 64% ' 3.25 3.00 8K 10 12K 10 k 12 k 35" 114K 107 % inc 6s 1938 17 12 K 10 k 15 12 k 90 94 90 93 9 Louis Southwestern— 1st g 4s 1989 M&N 2d g inc 4s Nov 1989—..J&J 14 10% 10% 62% 29% 17% 15 5.00 5.00 5.00 4s 1968 J&D Mortgage 4s Dec 1 1996—J&D 18 H 17 4.00% 4.00% 4.00% 96 82 8 7% Pacific ext 1st 4s £ 1940—J&J J&J Salt Lake City Union Depot and RR 1st 5s 1938 M&N This price includes accrued interest, k Last sale, 100 24" 8% 103 Depot— 1st & ref 5s 1972 n Nominal. 102" / / A&O A&O / 5s '36 opt.J&J Tampa Union Sta 5s 1940—M&N Tampa Un Term 4-6Kb '53—J&J Tavares & Gulf 5s A 1935-—M&S Term RR Assn (St Louis)— 1st gold 4Kb 1939 A&O 1st consol gold 5s 1944 F&A Gen ref s f g 4s 53 opt '10 J&J Cons 5s 1943 Texas & Pacific Ry— 1st gold 5s 2000 7 10 50 15 25" 103 101 100 5 30 36 91 30" 20 10 105 K 111K 114 103 106 105 K 106 K 72 79 70 73 J&J ..J&D 104 % 110 117 K 1977 ser B A&O Gen & ref 5s 1979 ser O..A&O Gen & ref 5s 1980 ser D... J&D 116K 95 78% 79% Eq tr 5s 1938-1939 M&N 5 2.50 Eq tr 4Kb 1938-42 (yr)—A&O 5 3.25 Eq tr 4Kb 1938-43 (yr)—F&A 5 3.25 5 3.25 Equipment trust 4s Tex Pao-Mo Pac Term RR— 1st M g 5 Ks 1964 M&S Toledo Canada Southern & Det— 1st 4s 1956 J&J 96 , 79K 1.50% 2.50% 2.50% 2.50% 103 % 96 Toledo & Ohio Central— Ref & imp M 3 Kb ser A '60 J&D St Mary's Div 1st 4s 1951F&A Toledo Peoria & Western RR— 1st mtge 4s ser B 95 K 80 J&J 85 A&O 70 109 99 1967 Toledo St Louis & Western— 1st gold 4s 1st consol g 116" 14" W Gen & ref 5s 13 10K 10 K St Paul Union 110K 108 % 58 60 St Paul & Duluth— 110 85 104 coup.M&N 1st M 5 Kb 1950 guar F&A Texas City Term 6s 1941.J&J '26 Texas & New Orleans— i5K 1st guar 4Kb 1941 1_F&A f St Paul Minn & Manitoba— 101 97 K 79 K 73 J&D Terre Haute & Poor 5s 1942.M&8 Texarkana & Ft Smith— 56% 54 St Paul East Gr Tr 4Kb *47—J&J St Paul & Kansas City Short Line 98 107 1st M Berwick RR 5s 1952 14" Tampa North 1st 32 K 22 B.J&J Eqtr 5Kb 1938-1939 (s-a) M&S Equipment trust 5s Equip tr 4Kb 1938-1945—J&J 2.50% 2.40% 49 3.50% 3.50% 3.50% J&D - 1st term & unif 5s 1952...J&J Gen & ref 5s ser A 1990—J&J 78% 62% ■ 5 80 60 Spokane Falls & Nor 6s 1939.J&J Spok Internat 1st g 5s 1955-J&J 1st g 58 1953 Equipment trust 4s—........ 107 1.50% Tampa & Gulf Coast— Eq 4Kb 1938-'41 BB (yr).F&A 47 2.00% J&J 10 K 18 Certificates of deposit.. Cons in 4K« 1978 set A—M&S Certificates of deposit stpd.. 7 2.00% 2.25 2.40 1st Mem Div g 5s 1996 J&J St Louis Div 1st g 4s 1951.J&J Mobile & O coll tr 4s '38.M&S 9K St Louis-San Francisco Ry— Prior lien 4s 1950 series A. J&J St 2.75 Sunbury Hazleton & W-B— If 3.85% 1.00% 1.00% 1.00% 2.25% 2.10% 1.50% 65K 38K 42" Pac of Mo Certificates of deposit Prior lien 5b 1950 series 69^ 1.50% 1st consol g 5s 1994 J&J 63 % Develop & gen M g 4s '56-A&0 37 Develop & gen 6s 1956 A&O 44 Develop & gen 6 Ks 1956—A&O 47 K Equipment trust 5 Ks. b 4.50 Eq tr 5s 1938-39 (s-a) M&S b 4.50 Eq tr 4Kb Oct '38-'39 (s-a)A&O b 4.50 Aiken Branch 4s 1998 J&J 35 E Tenn reorg lien 5s 1938 M&S 1st 3s Dec 1 1989 J&D Suffolk & Oar con 5s 1952...J&J Sullivan Co RR 6s 1944 A&O f r / 81 , 76 K 68 k St Louis Iron Mt & Sou— see 68 K 2.25 2.50 50 Railway— 98 K City 50 K 50 Stamped (Fed tax) 1955.J&J / 26 ik ik 40 k 15 K 116K St Louis 62 50 49 K 49 K 74K 107 K 94 96% 96% 88% 88% 80% / Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910-J&J 51 62 61K M&S Stephenviile Nor & Sou Texas— 1st M guar g 5s 1940 J&J / Sturgis Goshen & St Louis Ry— St Joseph & Grand Island— 118K 75 54 K M--40'i- 89 101 % 108 70 49 Susquehanna Bloomsburg & 1st guar 4Kb 1934 M& Rock Island-Frisco Term Ry— 117 112K 40-year 4Kb 1968 M&S 50-year 4Ks 1981 M&N 4Kb 1969 with warr M&N 10-yr secured 3Ks 1946—-J&J Equip 5s 1938-1939 (yr)__M&N b Eq tr 4Kb 1938-40 (yr)...J&D b Eq tr 4Ks 1938-41 (yr)—J&D.5 Pacific Fruit Express— Eq 5s 1938-39 O (yr)—M&S 5 Eq 5s 1938-41 D (yr)...A&O b Southern Pacific (Golden Gate Ferries) 1st 5Ks 1949 A&O / 1940—.—J& 1st coll tr 4s 1949 opt a& Rock Island Ark & Louisiana— 100 K 107 1.25 1.50 A&O / / / / / 25 4 25 5s 1963 Stark Elec RR 1st 7s 1952 Staten Isld Ry 4 Ks 1943 ' 88 108 K 109 % gug 1st 4s 1995 Richmond-Washington Co—_ 1st g 15 Spartanburg Union & Columbia— 4Ks stamped 1941 J&. r / St Clair Mad & St Louis Belt— Gen 4s 107 % 101 80 100 b Basis 2.40% 1.25% 99 1st 3Ks 1951.^ 1951—M&N Washington— 1st gold 4a 1943 .M&N D 1981—J&D 2.00 103 K Phila Halt & 4 Ks series 3.25 5 110 lo Gr West 1st 4s 1939——J& 96 cons Southern 5 80 109% 101" 83 98 5s July 1956 ser A..J&J Gen 5s 1974 series B I&A Gen M 4Ks 1977 ser O— 97" 80 4s stamped 1949 ......J&< Rutland con 4Kb 1941—..—J& Perkiomen RR Gen 9K 84 105 Conv deb 3K« 1952 A&O 30-yr secured 4s 1938-1964-J&J 5 Eq tr 5s 1938 (yr) M&8 5 Gen equip 5s 1938-39 (yr)_A&0 5 a&O 1 70 Richmond & Petersburg— Cons 4Kb 1940.. 75 * AprU 1 1960 98 104 81 70 Cons mtge 4s 1939 ...a&O Penn Ohio & Detroit RR— 1st & ref 4 Ks 1977 ser A..A&O 1st & ref 4 Kb series B 1981 Pennsylvania RR— Con M 4s gold 1943 M&N Con M 48 gold 1948 M&N Con M 4s gold 1948 sterling stamped dollar M&N Con M 4Kb gold I960-F&A Gen g 4Kb 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 4Kb 1981 ser D a&O Gen M 4Kb ser E 1984—-J&J Deb 4Kb 1970 a&O Gen M 3Ksser O 1970—-a&O Bait Cent 4s 102 103 k 36, - Extended 94" 107 —. Pbila & Gen 65 M&Iv 24 — 80 Southern 111 Ac Mo Bridge Co— 1st Mg 4s 1951 M&N South Indiana 1st g 4s 1951..F&A Southern Pacific Co— Coll tr 4s (OP) Aug 1 '49..J&D 1st 4 Ks (Oregon Lines) Series A 1977 60% 109 89 % 6% franc bonds (foreign serie * red to 1956-..--J& f 22 Paterson Extension 5s 1950-J&D / Paullsta Ry 1st 7s '42serAM&S15 / Pennsylvania Company— 28-year secured 4s 1963—-F&a Gu tr ctfs g 4s 1952 102 % ..M&N Gu tr ctfs g 3K« 1941 F&A 101% Gu tr ctfs g 3 %b 1942 101 J&D Gu tr ctfs g 3%b 1944 J&D Pa & N Y Canal con 5s 1939 A&O 70 Cons mtge 4Kb 1939.....a&O 70 4s July 1956 ser B..J&J 1st 4 K» 1980 ser O M&8 Equipment trust 4 K» Equip trust 2Kb 1938-46—J&J _ 100 55 45 86 5K 82 20 4.009, 85 — W 18 49% 95 A&O Rich Fredericksbg & PotomacCons mtge 4Kb 1940 a&c Richmond & Mecklenburg— 78 70% 65 J&J f Cardelet Br 1st 4 He 1938. A&O St Louis City real est 5s '38 J&J Paducah & 111 1st 4 Kb 1955.J&J Paris-Orleans extl 5 Kb 1968 M&S 1st g 1st g M&S f bds May 1 1941 4K 45 Reading Company— g 2L 1st M South Bound RR 1st 5s 1941 A&O South & North Alabama— Rensselaer & Saratoga— 103 60 15 40 49 % 94 1st 5s 1931 J&J / 61 Ral & Gaston 1st 5b g 1947- J&J / 61 Raleigh & S'port Ry 5s '65—. / 9% 99 Raritan River 1st g 5s 1939--J&J 102 Reading Belt 1st 4s 1950...M&S 6% 101 % 59 £y> Ry 1st & ref 4s '55..J&J 4s July 2 1950 J&J 4.00% 92 102 Port Reading 1st gu 5s 1941.-J&J 107 Potomac Val 1st gu 5s g 1941 .J&J Prov Sec deb 4s 1957 gu 5% M&N / 106 % 114K " Pere Marquette Ry— 99 17 105 % 113 cons guar l'eorla & Pekln Union Ry-— 1st g 5K> 1974 series A F&a Peoria Ry Ter 4s '37 gu op J&J Guar 5s 1961 J&J Portland & Rumford Falls— 5s 1951 .M&N Eq 4Kb 1938-'45 (s-a)...M&N Equipment trust 5s Philadelphia & Reading RR— Imp M ext g 4s 1947--. A&< Extended 4K8 Oct 1 1943—Term 5s g gu May 1 *41 Q&F 7K Somerset 109 17 14 Ore RR & Nav cons 4s 1946. J&D Ore Short Line 1st 5s 1946-.J&J Eq tr 4Kb 1938-39 (yr)—A&O Eqtr 4s8eries E 1938-1949.J&J Eq tr 2Kb ser H '38-'52..M&N Poor & East cons 4s 1940..A&O 2d cons inc 4s 1990 Apr 1 1st 4Kb series D 1977 J&D Portl (Me) Term gu 4s 1961.J&J 17 I g 50 J&D A&O A&O 5 5.25 Eq tr 3Ks Apr 1 1938-1946 5.25 Eq tr 2Kb 1938-1946 J&D 5 Pitts Young & Ashtabula— 108 % 1st gen 4s series A 1948 J&D 1st M 58 1962 series B 99% f&A 1st gen 5s 1974 series C 99% J&D 17 14 6K 86 104" Jer Cent 4s *51 opt *06 A&O Gen & ref 4Kb 1997 ser A—J&J Gen & ref 4Kb 1997 ser B.J&J 14 , 2d ext 5s gold 1938 10 h 4 aV. 2d ext'd 5s 1945. J&J Shrev Bdg & Ter 5s '55 gu F&A Sioux City & Pac 3 Ks 1936—F&A Raleigh & Augusta Air Line— Norwich & Worcester 4 Kb '47M&S Ogdensburg & Lake Champlian— 1st guar g 4s 1948 J&J f 1st Pitts & West Va Ry— 1st. M 4Kb 1958 ser A 1st M 4Kb 1959 ser B 1st M 4Kb 1960ser O Prov Ter 1st g 4s gu 1956 Prov & Wore 1st 4s 1947 Northwestern Terminal RR— 1st M 5s 1977 An .-Apr / 5s 1948 Pittsb Term RR & Coal— 1st g guar s f 5s 1942 J&J Pitts Va & Char gu 4s 1943.M&N 15 5 8K 7 ;; 14 6 Seacoast RR prior lien 5s '48. A&O Shamokin Sun bury & Lewisb'g— „ 125 118 / 1st gu 6s 1935 ser B F&A Certificates of deposit.. Seaboard & Roanoke 5s 1931.J&J 6 115 8K 12 H 3K F&A Certificates of deposit 3 f&A F&A 1952 101 111 Stamped A&O Adj mtge 5s Oct 1 1949—F&Apf Ref gold 4s 4959 opt ..A&O / Certificates of deposit. 1st & cons 6s 1945 ser A...M&S / :. Gold 4s Feb 1 6% receivers' ctfs 1927 110 Norrist'n & Maine 1st 4s '52 M&S Northern Central— Gen & ref 5s 1974 ser A—M&S Gen &ref g4jKs ser A '74.M&S Northern Ohio Ry 1st guar 5s F&A M&N f&A 98 111 Scioto Val & N E 1st 4s 1989M&N Seaboard Air Line Ry Go— 1st gold 4s 1950 A&O 109" Gen M 5s 1970 ser A J&D Gen M 5s 1975 ser B A&O Gen M 4Kb 1977 ser C—.J&J Pitts Shawmut & Northern— 94 Norf Term & Transp 5s '48F&A Norf & W Ry 1st con 4s *96. A&O J&D M&N 108 K 95 Schuylkill & Leh 1st 4s '48.M&N ... 4Kb series I 1963 4Kb series J 1964 5 9K 50 23 M&N ......M&N F&A F 1953 4s series G 1957 4s series H 1960 97 % 108 K 108 K 108 K A&O 4s series 41 1st M g 4Kb 1946 guar...J&J / 4% Nord Ry s f 6 Kb 1950---—A&O 96% Norfolk & Car 1st 5s 1939—A&O 100 2nd 5s 1946 J&J Norfolk Southern— 1st & ref g 5s '61 opt *15—F&A I Certificates of deposit---— / Norf & South 1st 5s 1941.M&N / 92 _ 25 Gen mtge. 5s g 1940.—-F&a Term 1st g 5s 1943 M&N / N Y Westchester & Bos Ry— 1st g 5s Oct 1 1940 A&O San Fran Term 1st 4s 1950--A&O Santa Fe Prescott & Phoenix— 1st g 5s 1942 M&S ' 90 Ask 10 Joaquin Val— 23 K 22 K 115K J&J Pitts Cin Chic & 8t Louis— Con g gu 4Kb ser A 1940-A&O 103 Biu Salt Lake & Ogden 5s 1934 / San Antonio & Aransas Pass— 1st guar g 4s 1943 J&J San Fran & San April 1 1950 Tol Term 1st 4Kb *57 gu M&N Tol Walhouding Valley & Ohio 1st g gu 4s 1942 ser C M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Consol M 4Ks 1966 ser A. F&A Transylvania KR 1st 5s 1956.J&J Tulsa Un Dep 1st 4Kb '59—J&J 75 110 100K 103 K 90 42 103 91 RAILROAD FEB., 1938] 71 BONDS NOTICE—All bond prices arc "and Interest" except where marked Mf" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds and Stocks Bid Depot (Columbus, Ohio) _Gen 4 1946 J&J - — 1st 4Mb Sept 1 1979 M&S General gold 4s 1944.....M&S 1st 4s Sept 1 1948 M&S 1st 4Mb Feb 1 1973 111 % 106 M 92 91 % 2.00% 1.00$ 116 108 110 116 106 85 F&A M&S Gen 1st g sms 1951 Utlca Clin & Bing 5s 1939—J&J Cons g 4s 1955 series A—F&A 108 110" July 1914 coupon—J&J1934 / July 1914 coupon off J&J / 1st guar 4 Ms assented— Cash war & scrip ret No. 5 on / Vermont Vail 1st 4 Mb 1940. A&O Vicksburg Bridge & Term Co— - 1st Msf 6s 1958 s f 7s 1948 M&S/ M&S / Vicksburg Shreveport & Pacific— Pr lien 6s *15 ext 5% '40—M&N Gen 5s May 11941 M&N ref & impt 5s 1973 .M&N Debenture 1M 1M 1% 90 69% ISM 94 70M 87 95 55 M 1st lien & ref 3 Mb A 1966.M&S 102 % Eq tr 4Mb 1938-1940 (yr).. J&J b 1.75 Eqtr 5s 1938 (yr)-...... M&N 6 1.50 52 26% 63 103] 1.25< 1.00$ §SM 30 60"" 10M common—100 4% non-cum pref 100 Bangor & Aroostook com—.—50 5% conv preferred .———100 Beecn Creek (guar N Y O)—50 Belgian Nat Rys Co— American shares partic pref... Boston & Alb (guar N Y O)—100 Boston & Maine common....100 Unstamped— ■. 1st pref 5% class A....-100 8% class B.....100 7% class O 100 10% class D 100 4H% class E...100 6% non-cum preferred.——100 7% prior preferred 100 1st 1st 1st 1st pref pref pref pref Stamped— 14 10 8% class B 7 % class O. 10% class D 4M % class E Bost & Prov (guar Old Col)—100 Camden & Burl Co (guar)—.25 Canada Southern 100 Canadian Pacific -25 Car Clinchfleld & O unstmp—100 Oatawissa RR—1st pref (guar) .50 2d pref (guar P & R)_——— 50 80 80 80 Certificates of deposit... k Ref & gen 5s 1980 ser D A&O / Certificates of deposit.. / Warren 1st ref k 3 Mb 2000—F&A 10m Nov 29 4% non-cum preferred Chic Milw St P & Pacific9M 90 _ 25 Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 3 MaJan 1954 opt 1924 J&J Wash & Frankl Ry 1st 5s '39. J&J Wash Tbrm Co—3 Mb 1945..F&A 1st gold 4s 1945 guar.....F&A 43 3'eastern div value 65% 2.50 88 M 1.50% b 2.50 107% f f 18% 18% 0 5.00 5.00 97 M W)_30 9 4 4% 5M 0% 100 non-cum 4% 101M 86 88 95 92 107 M 70 23 28 40 48 82 47 47 42 20 h 3M M 2M % 1% IM 3M 2M 1% 24 10 1% 3% 4 5% non-cum preferred.——100 Cleve & Pitts (gu Pa RR) 7%-50 Special guar 4%-.-—. -50 Colorado & Southern— 100 9% % 1% 1M 3% 1% 2M 1% 102 76M 80 49 ~6 % 9M 7% 100 85 5 9% 39 95 170 2% 45 72 75 43 48 64 69 4% non-cum 1st preferred.-100 4% non-cum 2d preferred--100 (gu)-lOO Great Northern Ry— Iron Ore Prop trust ctfs * Preferred (capital stock - - * Green Bay & Western._....-100 3M 5% dy> 65 58 170 13% ISM 11 14 14 12 0M 10 10 4s 45 5M 9% 10% represent non-cum preferred.——100 Illinois Cem-/al 100 Non-cum 6% pref series A—100 Leased lines (guar) ...100 Stk tr ctfs—See RR Secure Co Internat Rys (Cent Am) 00m 5% preferred 12% 21% 45 4% non-cum preferred 100 Lackawanna RR of N J.....100 Lehigh Valley 50 Preferred... 50 Little Miami original guar—. 50 Spec guar betterment stk.. 50 dollars per $100 face amount, 1M 5M 9M 16M 29 M 4M 43 M 5M 16M 2% 7M 9M 4% 44% 62 70 85 95 7M 16% 8% 20 43 46 . 6 25 b Basis 47 21 30 30% Pittsburgh Bess & Lake Erie.. 50 Preferred 50 Pitts Gin Chic & St Louis 100 Pitts Ft W & Chic com (gu)—100 7% pref (guar Pa RR) 100 Pittsburgh & Lake Erie 50 Pittsburgh & West Virginia 100 Pitts Youngs & Ashta 7% pref 100 Portland & Ogdensburg 100 Prov & Worcester (guar)..... 160 38 75 45 ......... 160" 169M 55% 12 145 15 70 5% ..... Rome & Clint (gu D & H) Rutland 7% preferred St Louis Bridge 1st pref 100 2d preferred St Louis-San Francisco Ry lOO"" 50 m u* 99 99 160 200 50 45 100 non-cum preferred 100 100 2 137 68 100 100 St Louis Southwestern 1% 2% 100 4V* 5% non-cum preferred.....106 Saratoga & Schenectady (gu).100 Seaboard Air Line non-cum 9 95 * common 2* preferred... 100 50 ... 29 Southern Pacific Co... 100 Southern Ry common.......166 17M ..166 17 Mob & Ohio stk tr ctfs .166 Southwestern of Ga (guar)...100 25 5% non-cum preferred 55 Central 6 Preferred ...100 Texas & Pacific Ry 160 Troy & Gr'bush (gu N Y O)— 50 Tunnel RR of St Louis 100 Union Pacific—Common 100 86 45* 4% non-cum preferred.....106 137 77 70 (gu).105 220 Susq Val (gu)-lOO 53 13 United N J RR & Canal Utlca Chen & Utica Clinton & Bingham ton. 100 Preferred.. . 100 45 100 60 Vermont & Mass (guar) 100 VJcksb Shrevep & Pac com...100 125 5M 4% 35 240 Valley RR (N Y) (guar) 18 30 115 95 60 38 Phila & Trenton (gu Pa RR).100 Piedmont & Northern .....* Tennessee 12 .* 100 Jollet & Chic (guar C & A)...100 Kal Allegan & Gr Rap (gu)—100 K O St L & Chic—Pref (gu)—100 Kansas City Southern. 100 55 69 62 20% 5 80 142 4-2% 178 15 90 . Sharon. 3% 6% 4% 40 -100 6% preferred Hudson & Manhattan.......100 18* II* WA 5% preferred. ..100 >rior 5% prior preferred. ..100 Phila Germ & Norris (guar).. 50 6% 18% iH -100 Erie—Common % 180 10?* 1?* *4 % 111 Cent stk ctf 1952..1000 Reading Co 50 4% non-cum 1st pref...... 50 4% non-cum 2d pref...... 50 §I~~ Rensselaer & Saratoga (guar).lOO Rich Fred & Potom—com... 100 5M Dividend obligations... .100 10 6% guaranteed...—....100 41 7% guaranteed ..100 98 Roch & Genesee Val RR.....166 180 3% non-cum Ogden Mine RR (gu On N J).100 Old Colony (gu N\NH&H)__100 Oswego & Syrac (gu D L & W) 50 Paterson & Hudson River 56 Pennsylvania RR 50 Pennroad Corp v t c. 1 9M 9M 14% 6% 7 North'n N H (guar B & M)..100 Northern Pacific Ry. .,..100 North RR of N J (guar Erie). 100 North Pennsylv (gu P & R).. 50 Norwich & Worcester pref .106 4% 8 42 2 100 preferred—.. Railroad Securities Co— 14 preferred-.---100 preferred 100 East Penna (guar P & R) 50 Elmlra & W'msport (guar)— 50 Preferred (guar Nor Cent). 50 & 26 112% ... 38 37 non-cum 72 51" conv .... 106 Detroit Hills & 8 W (guar).—100 Detroit & Mackinac Ry ..100 5% 9% 16% Peoria & Bureau Val (guar)..100 Peoria & Eastern 100 Pere Marquette Ry com ..100 2 310 69% 7% N Y Ontario & Western l60 Norfolk Southern .......166 Norfolk & Western Ry 100 Adjust 4% non-cum pref 100 No Carolina (guar Sou RR)—106 Northern Cent (guar Pa RR). 50 oVA 76 42 Gulf Mobile & Northern com. 100 109% 112 9M 6%. non-cum preferred -50 Oin Union Term 5% pref 100 Cleve Cine Chicago & St L—100 Georgia RR & Bank Co 106 M 105 1 2 3% 60 ----—100 ———100 Erie & Kalamazoo (guar) 50 Erie & Pitts (guar Pa RR) 50 Ft Wayne & Jack pref (guar).100 13 12 100 53" ~2M 100 100 preferred—-.100 7% preferred... 6% preferred 6% 45% 4 Duluth South Snore & Atl——100 40" 31 3 5% non-cum preferred Chicago & North Western 5% 37 42 2d 5% non-cum preferred—100 New London Northern 100 New Orleans Great Northern.100 New Orl Texas & Mexico..—100 New York Central RR * N Y Chic & St Louis com 100 6 % preferred series A 100 N Y & Harlem com (gu) 50 10% 3 —* Delaware & Hudson Co 100 Delaware Lack & Western— 50 Delaware ;. 25 Denv & Rio Gr West 6% pref.100 110M .100 1st 4% non-cum pref 3M 3% 100 Common 4% 1st non-cum preferred—100 4% 2d non-cum preferred—100 108 Columbus & Xenta (guar)——50 Conn & Passumpslc pref—..1001 ]9% Consol Rys of Cuba 6% pref. 100 19 M Cuba RR 6% non-cum pref--100 4.00 Dayton & Mich com (guar) 50 4.00 Preferred (guarCH & D)-- 50 99 Delaware & Bound Br (guar).100 85 1 Nashv Ohatt & St Louis.....100 National Rys of Mexico-*- "l% 15 50 43 2M 8% 1% 2M ... 3 1.75% 100 I Quotations 4% 110 b ff 94 §* 285 82 v. - 3 Unstamped.. Chic Ind & Louisv common—100 7% - /+'*»'mm .. 41 Mobile & Ohio—See Southern Ry Morris & Essex (guar)....... 50 Nashville & Decatur— Original 3M -100 Cleveland 91 M&N Worcester & Conn Eastern Ry— 1st gold 4 Ms 1943 J&J / Vonkers Ry see "P U" bonds— •Wrolis Vail s f g 5s 1936..J&J f par Cayuga & Susq (gu D L & Jersey - 85M 1951 •No 92M 3% Preferred Cincinnati Sandusky & 84 ... ,4% non-cum preferred. 81M Gin New Orl & Texas Pacific. .100 64 1st guar g 5s 1938.......J&D Wilmington & Newborn— 1st gold 4s 1947.........F&A Wilmington & Nor 4 Hs *77.. J&D Gen 5s Aug 1 1982 ...F&A Wilmington Ry Bdge 5s '43.A&0 Winston-Salem Southbound— 1st gold guar 4s I960......J&J Winston Salem Term 5s *66.A&O Wisconsin Central Ry— 1st gen g 4s 1949 ....J&J / Certificates of deposit / 1st & ref 4s 1959 A&O / 90 ~s% 32 85 1000 1 «. 10 22 10 n Mo-Kan-Texas RRcom * 7 % preferred series A 100 Missouri Pacific com 100 5% conv preferred ....100 Mobile & Birmingham— 49 80 Wilkes-Barre & Scranton Ry— 1st 4Mb May 1 1938 Willamette Val Southern Ry— 6s 1939..— F&A / Wlllmar & Sioux Falls— & 30 109 M J&D / 65 44 Wilkes-Barre & Eastern- Marsh field 8?« 107 M b 35 27 22 33% 3s Chic RI & Pacific common—100 38 Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966..M&S 105M 1st consol gold 4s 1949...M&S Wheeling Term 4s 1940 F&A 102% White & Black River Valley— 1st 5s 1980 J&J / 4 Wichita Falls & Sou 1st 6s '38 J&J f 35 Wichita Union Terminal Ry— 1st ggu 4Mb 1941 opt....M&N 106 Sup & Dul Div 4s 1936...M&N Certificates of deposit...... ilH 18 75 800 Minneapolis & St Louis... 166 Minneapolis St P & 8 S M—.100 7 % non-cum preferred 100 4% leased line ctfii 100 .....100 Mississippi Central 125 Chicago Burl & Quincy—.—100 Chic & East Illinois common-100 6% preferred 100 Chicago Great Western com—100 4% preferred -100 102 _ let guar g 5s 1942 115 30 23 41M 33% 90 % 91 Washington & Vandemere—_ 1st 4%a 1947 F&A West Shore 1st 4s 2361.. J&J West Virginia & Pittsburgh— 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor Western Maryland 4s 1952.A&0 1st & ref 5%a 1977 ser A..J&J Equipment trust 4mb Equipment trust 5s ....... West NY & Penna 4s1943. A&O Western Pacific RR Corp— 1st M 5s 1946 series A M&S Assented 5s 1946.......... Equipment trust 5s...... Eqtr 5^s 1938 (yr) J&D 2Mb trustees ctfs Dec. 1 1938.. Western Pocahontas 4Hs 1945.. Western Ry of Ala 4 Mb *58—A&O 72 65 76 55 6% .......lOO .100 Middl vnd Valley common 50 Preferred 50 Mill Creek & Minehill Navig. 50 Minehill & Schuyl Hav (gu).. 50 34 M 89 70 575"" Ask 45 50 100 .....100 Michigan Central It« W* 63 Preferred series A.........100 Washington Central Ry— 525" 50 Massiwppa Valley 13 M 9M 16" 1st 4s 11 13 54 39 33 M 11 9 46% 5% preferred 100 9M 8% 50 95 45% ... Chesapeake Corp -* Chesapeake & Ohio common—25 58** 85 Pref (guar L S & M 8) Maine Central Central of New 40 49 Mahoning Coal RR 1% 13% 90 94 _ 1M UH 63 66 125 90 45 Bid ... Equipment trust 5 Ms Equipment trust 5s Eq tr 4Mb 1938-43 (yr)—A&O Det & Chic ext 1st g 5b '41.J&J / Des M Div 1st g 4s 1939.. J&J / Toledo & Chic 4s g 1941. .M&S / Omaha Diy. 1st 3 Mb g '41.A&0 / Wabash Railway Co— Ref & gen 5s 1976 ser B..F&A / Certificates of deposit...... Ref & gen 4 mb 1978 ser O. A&O/ ... 115"" pref 5% class pref pref pref pref Par Louisville & Nashville. 100 Lvkens Valley RR & Coal... 20 45% ,rt/v A.....100 100 100 100 —100 6% non-cum pref stamped—100 1st 1st 1st 1st 1st Stocks Lit Schuyl Nav RR & Ooal(gu) 50 Louis & Mo Riv pref (guar)..106 Ask 59 Common.....———.100 Virginian Ry— Wabash Railroad Co— 1st gold 5s 1939 M&N/ 2d gold 5s 1939 F&A / Deb mtge 6s series B 1939.J&J / 1st lien term gold 4s 1954.J&J / Ref & gen 5%b 1975 A...II&8 / Certificates of deposit- Albany & Susquehanna (gu).-100 Alleghany Corp common ...♦ 5%% pref (with $30 warr).190 5m% pref (without warr)..100 5H% pref (with $40 warr).100 2 M% prior conv pref . . » Allegheny & West (6% guar)-100 Atchison Topeka & Santa Fe.100 5% non-cum pref —100 Atlanta Birm & Coast pref...100 Atlan & Char Air L (guar).—100 Atlanta & West Point-— 100 Atlantic Coast L Co of Conn—50 Atlantic Coast L RR com 100 Augusta & Savannah (guar)—100 Bait & Cumberland 7% gu._—50 85 102" Va & Southwest 5s 2003—J&J 1st cons g 5s 1958 A&O Preferred ....—-50 Alabama & Vicksburg. gu 100 Baltimore & Ohio 88 Vandajia RR— Series B 1957 M&N Vera Cruz & Pacific RR— 1st guar 4 Ms unassented— Bid RAILROAD STOCKS A1 Great Southern com.......50 103 Union Pacific— 1st ry & land gr 4s g 1947—J& J 110% 1st & ref 4s June 2(M)8 M&S 105 % 1st & ref 5s June 2 2008—M&S 113 35-year 3Ha debs 1971—M&N 90^ 34-year 3 Ms debs 1970 A&O 90 % Eq tr 2ser E 1938-52—J&J b 2.70 Eqtr 4Mb 1938 (yr)——M&N 6 1.25 Eq 4Mb Sept 15^-TO-MASIS b 1.75 Union RR (Penn) 1st 5s '46.M&8 112 Deb 6s 1946— M&S 118 Union Terminal Co (Dallas)— 1st mtge 3 Ms 1967 F&A 98 United N J RR & Canal Co— Par Stocks Ask Union 5% non-cum preferred.....100 Virginian Ry common 100 6% cum preferred.........106 Wabash Ry —.100 5% non-cum preferred A 100 5% non-cum conv pref B..166 Warren N J (guar D L & W). 50 West Jersey & Seashore (gu). 60 Western Maryland Ry oom..l06 1st preferred 100 4% non-cum 2d pref 100 Western Pacific RK Corp 100 6% non-cum preferred 100 Wheeling & Lake Erie Ry 100 5 M % cum-conv preferred.. 106 /This Includes accrued Interest « Last sale. 148 114 2 2'2M 25 56 4 61 6% X 2% 80" n Nominal marked "P and income and defaulted bonds of the month preceding the date of issue NOTICE—A11 bond prices arc "and interest" except where Quotations for ail securities are aa near as possible for the closing day Stocks and Bonds Par Bid Administered Fund 2d inc.....-* Affiliated Fund com.........125 Sec conv deb 5s 1944-47—J&J Air Investors Inc vt c———* Convertible preferred........* Warrants.......-——--—— Aldred Invest Trust (Mass)-— Deb 4 Ms with com shs 1967— Aldred Investment Corp (Can)— Deb 4Ks with com shs 1968—Alliance Investment com— * com..* S3 convertible preferred * Allied Lot Investing Corp Units ....... Amer Bankstocks Corp * American British & Continental 11.19 At 11.90 4.14 .... 15K K 40 44 50 54 $6 preferred................* Debg 5s 1953— —F&A Amer Business Shares new Amer Capital Corp A........10c ...10c Class B S3 preferred—..............* $5.50 prior pref .........* American & Continental Corp... Amer Elec Sec partic pref 1 American European Secur——* Coll tr s f 5s 1958 ser A—-J&J 5s series B 1958—...—M&N American General Corp.—...10c |2 preferred....—.......... 1 $2K preferred———..—....1 Amer General Equftles Ins.—25c Amerex Holding, Corp * Amer Insuranstocks Corp....—* Amer Investment (111)—.—.—* Convertible preferred———25 7% preferred..——.——...25 25 8% preferred Associates Investment......—* on** 3i!l 16* 6|M 1* 23 K 65 9 2 9 98 97 4 4K 24 K 24 K 32 32 60c m 4y 20 33 27 29 34 1.07 1.17 1.08 1.18 72c 80c 65c 83c 72c 91c 6 1.14 1.24 99c 66c 1.08 73c 1X6 1.16 .... Tobacco Shares... 12 45c 23.03 13 K 97 3.95 6K 45 80 22.54 Common 14.15 SI ... 4.42 *.91 2K 3K 10 National Bond & 8% preferred $5.50 preferred National Republic Conv preferred 100 10 100 Voting shares New England Fund New York Stocks, Inc.— Agricultural.... .... ... 3.30 Oshares D shares .2.50 5.05 Dividend Shares...... 25c 1.13 Domestic & Foreign Investors— Deb 5Ks 19477. ...F&A f 23 Eastern utilities Investing Corp— Deb 5s 1954 _M&8 15 f 25 Eaton & Howard Management 16.48 Fund A-l Economic Inv Tr Ltd 5sA'57M&N 100 Elec Shareholdings Corp com.. IK 70 $6 conv pref with warr * 25.65 Equitable Invest Tr (Mass) No par value e Ex-coupons. Invest Trust * 3, 5K K 24 K ,.i Bank 1.23 Building supplies Electrical equipment.. . 7.53 .... 5.65 ' 2.85 1U4 11.40 .... stocks . ... ... V 7.86 6.17 36 Machinery Metals.......—.......... 8.51 6.69 7.30 9.10 7.59 7.01 8.39 Oils 8.42 ...... 17.76 101 2 72 K 27.29 ... Railroad equipment.......... Steel stocks ....... Niagara Share Corp (Md)— Conv deb 5Ks 1950 M&N B 5 common % $6 cum preferred 100 k 27 K North American Bond Trust Otfii North American Invest Oorp— Collateral 4s 1951—.—J&D Flat price, k Last sale, it Nominal, 6% cum preferred . 8.15 . f . 8.41 Insurance 9,08 9.11 7.10 6.55 7.35 7.96 '94 5K 5K 89 K Jan. 22 52 K 93 90 x Ex-dividend. y IK 69 K 46c 75 78 2 IK K 8K * 60 • A 75c" * 2 35 w 2.88 5.09 8.71 1 21K 3K ——'1 * • Corp 83c 1.12 6.07 5 45c UK : 1.60 78c .___* S. & International Sec....... 1st pref with warrants... • Utility Equities Corp.— .5 7 Utility & Industrial Corp......5 Convertible preferred 7 Wellington Fund. 1 Western Reserve Investing— Deb 5K» 1944. F&A Banksharet——_ —♦ Ex-stock dividend. 97 3K 2K U. Wisconsin 6 95 Foreign Securities com..* $6 1st preferred 1.22 *5.38 Voting shares 8 & $ 91c" 2.10 • Trust ctfs series B 106 2.14 U" S Elec Light & Pow tr ctf A... U 3K s 106 United N Y Bank Shares C3_..* United N Y Trust Shares ser F__* U S Banking 9.47 22 K 80 Warrants 5s conv deb Conv preferred 93 K 13 43c • 1953. J&J 4.75 Trusteed Amer Bank Shares B 25c Trusteed Industry Shares 25c Trustee N Y Bank Shares 60c 1 4K Trustee Stand Invest ser O Class D 1 6K Trustee Standard Oil shares A..1 Series B ..1 2.95 1.27 Union Investment common.. _._* Conv deb 5s 1946 M&S 12.26 6.74 28 2.56 y 9* 68 K 1.91 Tri-Continental Corp 1.96 4.60 Remodified. .............-.1 Nation Wide Securities Co 25c * Deposited Bank Shs N Y ser A.. 1 Deposited Insur Shs. ser A... Series B 1 Diversified Trustee Shares 81 14.72 2.30 5.09 Third National Investors 48 National Trust Shares— K 13.98 3.01 Supervised Shares 15 1.88 1 69c K .................2 10.82 41 ? 1 62c *.91 19.70 77 1 113K Class C_...........—.—...3 Class D......——.3 5.94 IK 112K Class BB_ .................1 14K 100 '.* w w 78 IK 1 9.90 10c 9K 78 74 .,* ........ 2ft preferred Class B 7 58 44 50c A common 2K 5.42 18.57 * 58 ■V 74 w $4 cum 2d preferred Super Corp ~f Amer class (Mass A A "Ik K 6K 56 K 9K • S3 cum conv 1st pref Suburban Elec. Securities 52 M&S Invest com.. .* 5% preferred ser A ..1 (modified)............. AGO (modified) 1 Orum & Forster Inc com.... 10 * 15.63 10.36 14.72 B 9.36 3.70 F&A 15 Sterling Securities 60 56 5 Standard utilities Inc StateSt Investment Corp.. 20.63 12.89 14.37 9.46 13.44 Massachusetts Investors Trust.. 1 Mutual Investment Trust 10 AA preferred.. K 20 ..... 1st 5 Ks series B 1940 Major Shares Corp Maryland Fund Inc... 1 conv 9.69 At w IK 55* 8.53 1942 1952 $5 50 preferred Deb 5 Kb 1939 9.13 1 25 ' ...* 36 Lawyers Mtge Inv (Boston) * 102 34 30 K 30 K 1 Series K-2. Series 3-2 Series 8-4. Larklns Warr Trust.. 100 65 28 27 K 6K preferred. 100 6% preferred 100 Interstate Equity common -.1 $3 convertible pref A ...» Investment Bond & Share— 5s series A 1947 J&D Investment Co of Amer 10 2.75 2.60 ... 60 IK IK 4K IK K IK Standard Amer Trust Shares X Standard Investing Corp com..* 6K 1 4 1 70 K 41 20 6K - 75 .50* 40 Shawmut Association Shawmut Itank Inv Trust— 1 9.32 35c 70 8.88 i 4Kb Mar 5r March 26* 24 30c ....M&S 1 M&S Shenandoah Corp common 1 S3 convertible preferred 25 Solvay Amer Corp 5 K% prf-.lOO Sovereign Invest. Inc., com._10c Spanish & Gen Corp Lta— Am dep rets ord reg £1 Amer dep rets ord bearer...£1 Spencer Trask Fund Inc * 3 Deb g 5s Jan 1949 .F&A Deb g 6s 1940 B with war. J&J Insuranshares Co of Delaware.. I Insuranshares (Md) ctfs Inc I International Holdings & Inv... * Internat'1 Secur Corp Amer— Nat B6nd & Share Corp National Investors New common ♦s 1.35 23 10 ...1 preferred $5.50 prior stock. Conv preferred Allotment certificates.. 1.26 1.22 10 At Dec * $6 preferred .♦ Selected Amer Shares Inc....2K 2.40 1.14 ....... conv 100 8 Selected income Shares......... Selected Industries com........* 5 4H 2.30 Series B-3 Series K-l 5% preferred.—...... .100 Debenture 5s May 1 1942.... Continental Shares com.......* 6% preferred..... —.10 Corp Securs 5% notes 1935.M& Corporate Trust shares old ser..l 10c 1 80c 15.74 Keystone Custodian Fund B-2..* ... common.... 35" 40c Bank Group Shares Insurance Group Shares Insull Utility Invest— Series O Proforrod Equity Corp IK 32"" Hydro Elec Sec com * Incorporated Investors ...* Independence Trust Shares. * Institutional Securities Ltd— Investors Royalty Preferred.. Oleve Securities" 4h6s IoY943JT&J Commonwealth Investment ..1 Commonwealth Securs common Preferred 100 Consolidated Invest Trust com.l _ 1 99 * Common $5 101 _...l Securities Co of New Jersey— 6s series 4 Nov 1942 Securities Corp General com Investors Fund of America— com... 100 Orum & Forster Insursb B 7 % cum preferred Cumulative Trust Shares 6 i28 96 K 9 Representative Trust Shares 10 Republic Investors Final.. 25c Reynolds Invest 5s 1948 A&O Common stock l $6 preferred * Royalties Management A 1 Schoellkopf Hutton and l'omeroy Inc common..... 10c Second Nat Inv Corp— K 4* loM Reliance Internat Corp com A 10c lTeferrod * .99 .90 ..... Guardian Investors com... 1 0 1st preferred * 3 2nd preferred * 7 preferred * Jebenture 5s series A 194-8 Huron Holding Corp....... 1 15.37 .82 97 45c 99 A&O Railway & Util Invest A Preferred. .1 4 20 92 Sec 1955... 1.11 Building Shares 18 K 37c 7% preferred * Quarterly Income Shares 10c 5% deb series A__ Railway & Light Securities com.* Conv coll tr 4Kb series "11" 73 3 Investing shares Merchandising Shares.. Mining Shares * ....... 72 2A 2K ..... 1.01 .74 93 Century Shares-Trust........ Chicago Corporation Convertible preferred........* Accumulative series 15 65 Util 8K $ 10c * .... Pub 90 28 . Prudential Investors... S6 preferred * Pub Util Investing 5s~1948.A&0 11 5 Chemical Shares. Food Shares Cent-Illinois Securities Corp—1 AA 1 K 15 60 Automobile Shares Cent Invest Corp 4-6s '57—A&O Central Nat Corp class A....* Class B • Continental Secur Corp com.. 4.'i 'S2 75 sM * 10 IK 14K Group Securities, Inc— Agricultural Shares 70 * 4.34 A&O ment Corp 4Kb 1959 Greenland Trust Class 13... Phoenix Sec Corp S3 conv pref class A Plymouth Fund Inc 1 * 3K 75 * 65* % 48 $6 pref (with warrants) German Credit & Investment— Pref allot ctf 25% 1st pref..* 40 80 K * Warrants 4 Railroad Equipment Shares... Steel Shares...... $3 cum pref series A——10 Carey Trust. — ...♦ Securities 102 K 30.15 101K 12 K - 70 J&J * Class A Petroleum Shares Capital Administration cl A..—1 Christiana Deb As 1948 8eries A Pacific Southern Invest pref 95 93 Vm * 1 93 93 91 M&N A&O 4.88 5K Gleneagles Invest 5s June 15 1944 / A'4 Overseas Securities Co Deb 5s Nov 1 1947 3 2K * ~5K 4.29 3.91 .7 ~6K 5K Invest Trust— 1948 Pacific Investing Corp— Great Brit & Canada Invest¬ 21 6 10 .... Debenture 4K« Feb 1 1947 Debenture 4Kb Dec 15 1952—Old Colony Trust Assoc * Deb 5s April 68c 71 As series A 1959 A&O Canadian Invest. Fund, Ltd...l Canadian Fow 8c Pap Invest Ltd— Deb 5s series A1958—— F&A preferred. 25 K 24 K 15.63 28. 4 1 Common 24 K 23 K 14.70 .1 Warrants General Investors Trust Gen'l Realty & Utilities com Md < 'olony 6K * ...1 Oklahoma Southern Trust < 3.80 1 -* Corp $6 preferred 1 Northwest Bancorporatlon Industries com 1 'referred Oils & 60 3.55 35 Canadian Internat Inv Trust- conv Investment 1 Oklahoma County Trust 8.00 50 Glass A .........—2 Class B ♦ General American Investors...* $6 preferred w w * Deb 5s Feb 11952 without warr General Capital Corp * ffji J&D $1.50 8.34 1 Common ex-warrants 1 Fundamental Investors Inc 2 Fundamental Trust Shares Inc— General 2.78 3.53 6.60 7.38 Ask shars 1.94 2.37 2.31 2.11 ♦ 1 ...... 1958 2.53 3.21 10c 10c Insurance stock series Fixed Trust Shares series A—10 Series B— 20 Fourth National Investors— Common with warrants 92 5K Class B . 616" 75K 10-year deb 3s 1946 Corp 1955... 1956. 18.75 16 Fiscal Fund, Inc.— Bank stock series 59c 5% preferred w w ......100 5% preferred ex-warr 100 Associated Stand. Oil Shs......2 Atlantic & Pac Int. com w w—* Preferred w w —_—50 Atlantic Secur 4K> A 1953.A&0 Atlas Corp com...............5 6% preferred ....... 50 Option warrants. .......... Bancamerica-Blair Corp—...—1 Bankers Nat Investing com ...* Bankers Securities Corp com 50 6% preferred —...50 Basic Industry Shares........10 Boston Fund inc............... Boston Personal Prop Trust....* British Type Investors 1 Broad St. Invest Co Inc.—....5 Bullock Fund Ltd—————...1 .10 ♦ lOK 20 93 Bid Par North American Trust Shares— 1953. -.1 16" IK Bonds ana Per ..1 Equity Shares .......... Equity Trust Shares in Amer Fidelity Fund, Inc.—...... Foreign Bond Associates Inc Foreign Power Secur Corp— 1st colltr conv 6s A 1949-- J& P Foundation Trust Shares ser A.. 1 1 Stocks share "irst Boston 3.76 95 Ask Par share .... Common.......—.—.... Stocks and Bonds Ask Per , AH 50* riF \2% 86c 6K 75 Jan 1|| 2 IK 39 K K 40 K 121.M 131.!! 103 4K 4K bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue NOTICE—All Bid Bonds Adriatic Electric Co Extl s f 78 1952 (Italy)— A&O 1st & ref 4 Ms 1967 1st & ref 5s 1968 104 M 1942.-F&A 1938 M&S Gen mtge 3 Ms 1964 J&J Atlantic City Gas 5s 1960 J&J ft* 77 84M 86 90 82 80 93 1st lien & ref 5s 1957 Atlantic City Sewerage— 1st s f 6s ser A 1950 84 J&D 69 71 M&S Alabama Water Service Co— 75 77 —J&i 97 . 1st M 5s 1957 ser A Allegheny Gas Corp 6 Kb ctfs *43 / 98 18 Alliance Power 1st os 1952.-M&S / 80 Alton Water 5s 1956 A&O 105 Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Amarillo Gas 6s 1939 96 Am Gas & Pow deb 3-5s '53-F&A 16 15 6 50 48 7M 107 WV / 34 37 38 71 72 Amer Rys Corp coll 4Mb '53.A&O Debenture 4Ks 1963 A&O Amer States Public Serv— 1st 1 5 Ms 1948 ser A M&N / Deb 6s 1938 J&D/ Amer Telep & Teleg— 45 48 37 40 76 10 113M 30-year deb 3 Ms I960....J&D 100 Jl 100M 101 Bridge— SMsserA, B&C1938 F&A 99M 100 6Ms series D, 1945 F&A Amer Utilities 1st 6s 1945-.-J&D} 34 Deb 6Ms 1941 M&N/ 34 Amer Util Service 6s 1964..M&N 62 101 99 83M 62 67 M&S i\H Androscoggin W Pow 6s *45. F&A Appalachian Elec Power— 1st & ref 5s 1956 M&N Appalachian Power 5s 1941..J&D 104 106M Deb gold 6s 2024 109 J&J Ardmore St Ry—See Phila Co Arizona Ed 1st 5s 1948 J&J 79M 84 1st 6s 1945 A&O Income 5s 1960 J&J / 27 Income 6s 1960 ....A&O / 28 F&A 101 1st & ref 4Mb 1950... F&A Arkansas El & Wat 6s 1944.F&A 97 Ark Louisiana Gas 4s 1951..J&J Ark & Mo Pow 1st 6s 1953..J&J Deb 6Ms 1935... M&N 99 Arizona Power 5s 1950 10 % 1st g 5s 1957 ser B 1st mtge 5s 1960 ser 100 A 85 103 M 35 M&N 27 23 23 26 26- J&J M&S A&O 27 M 23 20 45M 30 46 M 31 27 M&S 23 S f inc deb 4 Ms O 1983...M&S 8 f inc deb 4s D 1983 M&S 23 30 M 8 fine deb 5 M-6 Ms A 1986 F&A 8 f inc deb 5-6s B 1986. ..M&S 31 27 23 8 f inc deb 4 H-5 Ms O '86.M&N 8 f inc deb 4-5s D 1986—.M&S ww 23 Elec Corp— 8s ex-warrants 1940 Conv deb 5Ms 1973 88 M M&S 1940 M&S ...F&A ...J&D Oonv deb 4Mb 1973 Conv deb 4s 1973 J&D .'.B* n* M&S F&A 26 M 23 M 90 M 90 M 42 Income deb 4M» 1978 Income deb 4s 1978 Income deb 3 Ms 1978 Conv deb 5s 1973 A&O M&N W Income dob 3 Ms 1978 M&S Assoc General Utilitl Income debs w w 5s 1956.M&N Income deb 4s 1961 M&N 74 72 Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J Deb 6s series A 1958 M&N Associated Telep Co Ltd 1st M 4s series B 1965. J&J Associated Telep & Teleg Co— Deb 5 Ms 1955 ser A M&N Assoc Telep Util deb 5s 1942A&0 Certificates of deposit. Oonv deb 6s 1941 M&S Certificates of deposit Conv deb 5Ms 1944 ser O.M&N Certificates of deposit * Gas Blue Lakes Water 6s 50 /102M 75 M ',28 ,28 28 28 28 28 80 103 M 101 104 M 103 M 109 lid" 91M 93 100 M 99 57 47 M 44 M 28" 5s 24 H 1939. J&J 80 _ J&D Buff Gen Elec 1st ref 5s 1939-J&J IV 31 31 31 31 31 Gen & ref 4 Ms 1981 F&A Buffalo Niagara Electric— Gen & ref M 3 Ms ser C *67-J&D 102" F&A Buffalo & Lockport ButlerWater 5s 1957 A Butte El & P 1st s f 5s 1951 - 107 95 / This price includes accrued interest, k Last sale, n Nominal 93 Cent Iowa Telep 5Ms A 1947-J&J Central Kansas Pr 6s 1946.-M&S 102 M 94 M '66-F&A 45 J&J Central N Y Power Corp— Gen mtge 3Ms 1962 102 M 103 50 M 95 52 96 97 M 67 M 83 M 69 J&D 101M F&A 2 21/ 1M 2 ... 95 Cent Public Util. (ws) Inc5 M »-1952 Central States Edison, Inc— 1st M&S / 153 1 950 coll inc 3-58 Deb Pow & 1st M & 1st lien 5Ms Debenture 5s 1944 40 M 29 1953.J&J J&J - 1st 1 col! 5Ms 1956 ser 5 Ms series B 1956. 5s series C 1933 12% 98 M J&D 102 Charleston Transit Co— M&S Gen & adj 5s 1942 M&S Coll trust 5s notes 1942 M&S Chattanooga Ry & Light— 1st & ref g 5s 1956np_'16.M& Chatt 53 Rysjlst cons 5s *50.M&N Tel of Va 5s '43.M&N Ches & Pot 1st 4Mb 1958 series A 105 M&S J&J 53 48 50" 45 50 45 50 45 45 50 49 44 49 44 49 44 49 60 44 M 70 7vV 22 M 24 107 M 110 102 108 94 69 H 104 M 110M Chic Dist Elec Generating— 1st M 4Ms 1970. 1st 6s series B 1961 7 53 105 M 109 M&S M&N Chic North Shore & Milw RR— 1st mtge gold 5s 1936 1st & ref os 1955 ser A 1st & ref 5 M« 1956 red and pay Aug Certificates of Cons M 5s ser 4 J&J A&O 4 pt 1, 1933..F&A deposit ff A Feb '27--A&0 Series B Feb. 1927 Certificates of deposit ser A 1st & ref 6s 1953 J&D J&J / / J&J Certificates of deposit Adjust deb 6s July. 1963..J&J Certificate of deposit Chicago & West Towns Rys— cum 4M _.J&J Chicago Rapid Transit Co— 1st & ref 6Ms 1944 1st inc 5s 1937 J&J Chippewa Power 6s 1947. —J&D 105 % 4 Chicago City & Connecting Ry Coll tr s f g 5s Jan 1, 1927-A&O Chicago City Ry— 1st 5s (15% paid) 1927—F&A Chicago Railways Co— 1st 5s 1927 stpd as to 25% 30 103 M 110 33 7 13 97 M / El M&S Chic Aurora & Elgin RR— 1st & ref 6s 1951 93 M 68 M 37 A..M&N M&N 60 77 37 Lt Corp— Chester Water Service Co— 50 45 85 55 35M 35 M M&S 15 5Ms 1954 States J&J 55 49 102 M Cent Pow 1st 5s 1957, ser D.J&J Cent Pow & Lt 1st 5s 1956.-F&A ' 45 96 Cent Ohio L & P 1st 5s 1950. A&O Conv sec 4 Ms 1940., J&D Charleston Cons Ry Gas & Consol gold 5s 1999 101 103 50 102 % A&O 1st mtge 3Ms ser B 1966--F&A Central West Public Service Co— 82 M 83 M 100 106 Cent Maine Pr 5s '39 op '19-M&N 1st & gen 4s ser G 1960 A&O 1st & gen M 3 M® ser H Cent Mexico Lt & Pow 1st s f 6s 1940 83 82 M 96 J&J A 90 H 96 M 81 Cent Telep (Del) 6s 1938—M&N Cent Vermont Public Serv Corp 98 57 46 M 9 47 M 10 4M 4M 4M 4M 4M 4M 5 M M 5 5 5 1 1 7M 105 M 8M 103 M 106 103 M 108 Cincinnati Gas & Electric— 110 1st mtge 3 Ms 1966— F&A 1st mtge 3 Ms 1967 J&D Cin Newport & Cov L & T— 1st ref 6s 1947 series A J&J Ry. 113 104 M A&O 115 .J&D Cairo Bridge 1st inc 6 Ms '58.J&J / 37 95 M Calgary Power 1st 5s 1960.-A&O 93 1st s f 5s 1964 J&D California-Oregon Power— 9ll M Deb gold 5 Ms 1942 A&O 1st mtge 4s 1966 86 A&O 100 M Calif Water Serv 4s B 1961.M&N - ser 97 95* Cent States Utilities 6s 1938 J&J / 40 , 94 90 M&N E 1st mtge 4MS 1967 ser F.-J&D 1st & ref 5s 1968 ser G M&N 1st & ref 4 Ms 1981 ser H J&D Cent Indiana Gas 5s 1957 M&S Central Indiana Power Co-— 107, See 1 ser 99 102 109 M Buff & Niag Falls El L & Power— 1st gold 5s 1942 Buffalo Traction 98 M 104 M 1st 5s 1942 22 M 22 Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J 1st con 5s July '41 (stp)__M&N Bklyn Un Elev 5s 1950. F&A Kings Co El 1st 4s 1949 F&A Nassau Elec 1st g 4s 1951 J&J 63 Bklyn Un Elev—See BklynQueens 53Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A..M&N 1st lien & ref 5s ser B 1957 M&N 103 M F&A 1st & ref 6s 1952 J&D Cent Illinois Light 3 Ms '66--A&O Central Illinois Public Service— Cent 106 M 105 M M&S 1st & ref 5s 1954 ser A M&S Central States Elec Corp— Conv deb 5s 1948 113 Bway & 7tb Ave—See N Y Rys Bklyn Borough Gas 5s 1967.F&A Bklyn City RR 1st 5s 1941—J&J Brooklyn Edison Co— Consol mtge 3 Ms 1966—M&N Bklyn-Manhattan Transit Corp Coll trust 4Mb 1966 __M&N Coll trust 3s 1938 M&N Coil trust 38 1939 M&N Coll trust 3s 1940 M&N Coll trust 3s 1941 M&N Coll tr series3Ms 1942...M&N Coll trust ser 3 Ms 1943—M&N Coll trust ser 3Ms 1944..M&N Coll trust ser 3Ms 1945..M&N Col trust ser 3Ms 1946.-M&N Coll trust ser 3 Ms 1947..M&N Coll trust ser 3Ms 1948..M&N Coll trust ser 3Ms 1949—M&N Coll trust ser 3 Ms 1950—M&N Coll trust series 3 Ms 1951 .M&N Brooklyn City & Newtown RR— 1st & ref 3Ms 1965. 22 109 M 105 M Cent Ills Elec & Gas Co— Conv deb 5Ms '49 103 f Cent Hud Gas & Elec Corp— 1st & ref 5s 1941 J&D 1 t 6Ms series B 1951 Cent Pud Serv Corp— 112 102 82 M 64 21 106 b Basis. 103 118 7s Sept 1947 M&S Brandenburg (Germany) El Pr Extl 1st s f 6s 1953 M&N / 18 Certificates of 92 24 22 109 f Internat Burlington (Vt) G L 5s 1955. J&J Atlanta Gas L 5s g 1947....J&D Gen mtge 4Ms 1955.....M&S 20 M&S 106 Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atl Cons St RR—See Ga Ry & El 22 106 M 109 2-yr 6% notes 1933 A&O deposit.... 20 M J&D Deb 5s 1950 T 27 M 77 '45.A&0 _ 62 35 26 M 20 M ti* '38—M&S Deb g 5s Dec 1942 West End St 5s 1944 30 27 M 22 M ... 127 Broad River Power Co— 33 8 f lnc deb 5 Ms A 1983...F&A Gas & Y) 67 X 1st & ref 6s 1947 Bridgeport Gas Lt 4s 1952. _J&J British Col Tel 5s 1960 J&D 1st 4Ms series B 1961—..J&D 30 F&A 121M 121H 30 41M F&A Cons ref deb 4 Ms 1958...M&N Conv invest ctfs 5 Ms M&N 8-year 8% 70 6s 1947 (N 63 First lien coll tr 5 Ms *46. -J&D Central Georgia Pow 5s '38-M&N 1st & ref 5s 1956 Boston Elevated Ry— Deb g 4 Ms Nov 1, 1941.-M&N Associated Gas & Elec Co— Associated 103 67 Bolivian Power 8s ser A 88 81 S f inc deb 5s B 1983 102 J&J 91 Arkansas P & L 1st 5s 1956-A&0 Ark West Gas 1st 5s w w '39. J&J Conv deb 4Ms 1948 Cons ref deb 5s 1968 A&O Biddeford & Saco Water— 4s series C 1956 87 M 90 Conv deb 5s 1950 Oonv deb 4 Ms 1949 120M 1951.-J&D / 1959—F&A / Deb 6s Apr 1.1955 A&O Berlin Elec Elev & Underg Rys— 1st mtges f 6M» 1956 A&O / 91§ Conv deb 5 Ms 1977 Conv deb 5s 1965 6M 100M 118M 126 M A&O Bellows Falls Hydro-Elec Corp— 89 101M 101M 34 M 40M 69 M 112 M Berlin City Elect 6 Ms Sink fund deb 6Ms 91M 115M A '55 J&J 1st & ref 5s 1951 M&N 1958 scr Central German Pow 6s '34-J&D 67* 99M 1st & ref 5s 1960 ser O 1st mtge 5s 55 112M 120 M 120 % Bergen Turnpike 5s 1951 76 90 82 98 _J&D 80 101 103 M 108 . Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B J&J 42¥ J&J 68 114M Central Elec of N J 5s 1940.-J&J 100 86 1961 99 M Cent El & Tel 1st 5s 1st 5s 1938 A&O Birmingham Elec 4 Ms 1968.M&S Birmingham Gas 1st 5s *59.M&N 107 m 6% notes extended 1938—A&0 llOj Birmingham Water Works Co— 1st m 5Ms 1954 ser A A&O 83 1st m 5s 1954 ser B J&D 1st mtge 5s 1957 ser C F&A 28" Blackstone Val G & E 5s '39.J&A 29 M M & coll tr 4s ser C *65—M&N Bleecker St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 58 1940 M&N 89 5b Jan 1 79 103 Central Gas & Elec 6s 1946-M&S ZU 40 Ashtabula Wat Wks 5s 1958.A&0 Assoc Elect 4Mb 1953 J&J 62 M&S '56J&J Cape & Vine'd El 4s A '65—J&J Capital Inaction (Wash, D C)— 1st g 5s June 1, 1947 J&D Carolina P & L 1st 5s 1956—A&O Cedar Rap Mfg & P 5s '53—J&J 105 M A&O f > >, 1st mtgeSs ser A 1955 Canadian West Telep 5M8 105 1951.J&J O 104 Cent Ark Pub Serv Corp— 1st & coll tr 5s 1948 ser A—F&A 100 J&J Ashl'd Home Tel 4 Ms A 1961A&0 95 ; 94 Beaver Valley Trac 5s 1950.A&O Beaver Valley Water 5s '60-M&N Binghamton ..J&J lstsf 7s 1953 Corp 5s series A 1957 j.26 105 F&A Works Androscoggin & Kennebec Ry— 1st 6s 1940 S f income 8s 1953 Beauharnols Power Corp— Coll trust s f 5s 1973 1st extend 63M 82 J&D f-22 Berkshire Street Ry— 90 M Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s*43 F&A , J&J M&S 6 Ms 1951 Canadian Utilities Ltd— Term 100 A&O ...A&O / 45 - Bear Val Mut Water 5s 100 Amer Water Works & Electric— ..M&N 1st 7s 1953 13 113M 100 M Deb 6s 1975 ser A Deb 5s 1975 ser B Canadian L & P 5s '49 op '14 Canadian Rail & Harbor— 90" Bell Telephone of Canada— 1st g 5s 1955 ser A—-—M&S M&N A&O American Toll Deb 5s series B 1975 Bangor Gas Light 5s 1941 ...A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 J&J Bars tow (W S)deb 6s 1942—A&O Baton Rouge Electric Co— 1st mtge 5 Ms 1954 J&D 1st M 5s 1959 ser B F&A Bear Mt Hud Riv Bdge Co— 8M Secured deb 3.60-6s 1953._J&D / Am Pow & L deb 6s 2016.._M&S Deb 5 Ms Nov 1 1943 25-year deb 3 Ms 1961 106" 104 103 M 101 Canada Nor Pow coll 5s '53.M&N r 50 101 A&O Ry—See P S Corp _ 16" 14 Amer & Foreign Power Co— Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934. J&J Amer G & E deb 5s 2028..-M&N J&J '21 24 J&J J&J Deb 5s series A 1975— Commonwealths Power Deb g 6s 1952 ser A F&A / Deb g 5Ms 1953 M&N Ms 1960 Camden & Sub Deb 4s series A 1975 73 1st 4 106 17 100 M Camden & Rockland Water— _ _ 105 s J&D 101M Atlantic Co Wat 5s '58 ser A M&S 104 Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941 A&O ft 12 Baltimore Transit Co— Amer Conv deb 6s 1940 M&S Am Community Power 5 Ms 1953 5 Ms Certificates of deposit 1953 Amer Elec Pow deb 6s '57 M&S15 98 IS* 67 62 J&J Telephone— 99 M 1st mtge 5s 1965 M&S 104 Calumet G & E 5M» B I960-J&J Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A / 48 , Atl Beach Bridge 6 Ms Atlantic City El 5s 83 Ask Calif Water & Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J 71 Ala Gas Co 1st M 4M8 1951.F&A Alabama Power 1st 5s 1946-M&S 1st &ref 5s 1951 J&J 1st & ref 5s 1956 M&N Bid Bonds Ask Bid Bonds Ask 117 41 96 M 95 94 M 87 M 102 Cincinnati Street Ry— 1st m 5 Ms ser A 1952 1st 6s 1955 ser B A&O A&O 93 80 89 94 M 90 ^ 100 M 74 PUBLIC UTILITY BONDS NOTICE—AH bond prices an "and interest" except where marked **f" and income and defaulted bonde Quotation! for all securities are as near as possible for the closing day of the month preceding the date of Issue Bonds Bid Cities 8erv deb 5s Jan '66...M&S Deb g 5s Apr 1958 A&O Deb g 5s 1963 MAN Deb 5s 1969 —M&S Conv deb 5s 1950 J&D Cities Service Gas Oo— 56 1st M pipe line 5%s 1942.M&N Cities Service Gas Pipe Line Co— 1st M 6s 1943 J&J Cities Service Power & Light— Deb 5%s 1952 M&N Deb 5%s 1949 J&D Citizens Independent Telephone A *61—J&J 1st mtge s f 4 %s ser Citizens utilities CoIncome notes 3s 1955 Ask 58% 54 p 51% 52 94% 94% 101% 101% U 49% .J&D 49 102 % P&A / 28 Citizens Water (Scottdale)— 50 1st 5s series A_1953 J&J Citirens Water (Washington, Pal 103 5%s series A 1951 J&J 5s series B 1951., 102 J&J City Gas & Elec 1st 6 %s '51.J&J / City Light & Traction (Sedalla, 60 Mo)Tst s f 5s 1952 J&D City & Sub PS—See Un Bys of St L City & Sub By—See Wash Ry & El City of New Castle Water— rfia 1941... 52% 54% 30 55 69" J&D M&N Clarksbury-Columbus Short Route Bdge 6 %s *52. J&D Clear Springs Water Serv— 1st 5s ser A 1958 Cleveland Elec Ilium— M&8 ^Gen mtge 3%s July 1, *65. J&J 100% 104 H 30 98 109% 101% 110% 102% 108% 43" 93 91% 89 106 107 Commonwealth-Edison Co— 112% 112% 110% 106% Ref & unif 7s 1962 _ J&J Oom'w'lth Tel (Pa) 5Ha '45 M&N Oom'w'lth Tel( Wis)4s serA 1M&S Community Power & Light Co— Col M 5s 1957— .—...M&S Community Pub Ser 5s 1960.J&J Community Teleph 5s Jan 1 1949 Community Water Service CoDeb g 6s 1946 ser A J&D Deb g 5%s 1946 ser B...M&S Oonestoga Trac 1st 4s 1950—J&J Coney Isl & Bklyn cons 4s '48 J&J Connecticut Light & Power— 1st & ref s f 7s *51 ser A..M&N 1st & ref M 3%s ser F '66.M&R 1st & ref M 34b ser G '66.J&D 25-year deb 3 Ha 1956—M&S Conn Ltg & Pow 5s *39 -J&J Connecticut Power— • . 1st & coll trust 5s 1956...J&J Conn Ry & Lt 4%s 1951—J&J Stamped guaranteed opt J&J Conn Riv Pow 3%s ser Ar61 F&A Conneilsv Wat 5s Oct 2 '39.A&0 Consolidated Cities LP & Tr— 1st lien 5s 1962 stamped—J&J Consol Edison Co of N Y-— Debenture 34a 1946—.A&O Debenture 3 Ha 1956 A&O 20-year 3 Ha debs 1958...J&J Consol Elec & Gas 6s 1962 .M&N 6s series B 1962 F&A Collateral 6s 1957 F&A Consol Gas of Bait 5s 1939..J&J Gen g 4 %s Apr 1954 A&O Consol Gas Elec Lt & P (Bait)— Ref mtge s f 348 1971...J&D Cons Gas (NJ.) deb 4%s *51 Consol Gas Utilities Co— 1st & coll 6s - J&D 1943 ser A J&D 1943 .J&D Corp 6% notes, 1940 A&O Consol Hydro-Elec Wks of Upper Wuerttemburg 1st 7s '56.J&J / Cons Tr (N J)—See Pub Ser Corp Consolidated Water of Utlca— 1st 4Ha 1958 M&N 68 stamped _ 1st M 5s 1958 M&N Consum L H & P Co (Eliz, N J) & 1938 ...J&D Consumers Nat Gas 6s '44.M&N Consumers Power Co— 1st mtge 3 4a 1965 M&N 1st mtge 3 Ha 1965 M&N 1st mtge 3 Ha 1967 M&N 1st mtge 3%s 1970 M&N 1st mtge 3 48 1966 M&N Consum*s Water 1st 6s A '46 M&N Deb 5%s series A 1970.-.A&O / 14 1st mtge g 4j%s 1969 J&J Delaware VaU Util 6s 1952.M&N Denv Gas & El 1st g 5s '49.-M&N 1st & ref 5s 1951 M&N _ 1st cons mtge 6s 1943 5s 1956 Ry 1st *nc A&O 89 105 75 31 99 34 106 59% 105 102 106% 45" 42 109 106% 107% 83 85 101 102 106 20% 36% 36% 3% 3% 79% Certificates of deposit / 1st 5s, 1966 M&N Detroit City Gas Co— 1st mtge 6s 1947 series A..J&J 105 102 1st mtge 5s 1950series B—A&O Detroit Edison— Gen & ref 4%s 1961 ser D.F&A 112% Gen & ref 5s ser E 1952..A&0 107% Gen & ref M 4s ser F1965. A&O 109% Gen & ref M 3%s ser G '66M&S 104% Detroit International Bridge— 1st mtge s f 6%s 1952 4% F&A / / 3% Certificates of deposit 8 f deb g 7s 1952.. 1% F&A / / % Certificates of deposit Det & Pt Huron 8hore Line— % 1st gold 5s 1950 J&J f Dom Elec Pow 5%s 1955...M&S 80" Dominion Gas & El 6 %s '45.J&J Dortmund Mimic Util (Germany) 20-yr s f 6%s 1948 A&O / 19% 44 22 24 30 75 80 95% 96% 59% 95% 61% 96* 9 60 58 62 36 39 60 30 126% 132 106% 102% 103% 107% 103% 104% 124 126 107% 107% 105% 99 107% 105% 63 64% 105 105% 102% 101% 101% 101% 35 34 37 36% 37 37 106 106% 122 125 104% 106% 104% 106% 60 60 63 100 95 Duluth-Superlor 1st 5s 1953 81% 106 102% 113% 108% 17 26 4% .4 V 1* 9^ 93% 97% 95 99 100% 83 106 106% 102% 101% 103 99* 102% 101% 99% 38% 81 .... _ 63 55" 97" 21 con g 58 1956 M&S 6 Basis, t Called Feb. 3 at par. 15 102% 10 107 59% w 79 74 88 69 97 b 1.50 bl. 50 6 2.75 6 3.00 78 f 42% 98 84 93% t 42% 38 90 117% 103% 101% 101% M&N :l- 85 83 97% 21* 67 68% 75 78 100"" 97 79% 63 101 J&J M&S % 96% 50 54 F&A 107 M&S Green Bay & Miss Canal— UL 11* 67 95% 1st lien coll tr 5 %s 1942—M&N stamped 1950 80% 101 Gesfurel 6s 1953 x w ...J&D / 31% Grand Rapids Gas L 5s '39.F&A 102% Grand Rapids Ry 1st 7s '39.M&N / 14 Great Cons Elec Pow (Japan)— 1st M 7s 1944 69 F&A 1st & gen 6%s 1950 65 J&J Great Northern Power— 1st 5s 68 113 Ga-Caro Pow 1st s f 6s '52—J&J Georgia Power 1st 5s 1967.-M&S Georgia Power & Light Co— 1st mtge 5s 1978 ...J&D Georgia Ry & Elec— Atlanta Cons St 5s 1939..J&J Atlanta Northern Ry Co— guar 5s *54 op '90 20 63% Gattneau Pow 1st 5s 1956... J&D Debenture gold 6s 1941 .J&D 15 Deb 6s 1941 series B A&O General Public Service Corp— Conv deb 5s 1953 .J&J Conv deb 5%s 1939 J&J General Public Utilities— 1st M coll tr 6%s ser A'56. A&O 1st mtge & coll 6%s C55.A&0 General Water Wks & El Corp— 1st lien & col 5s 1943 ser A. J&D 1st 95 60 34 J&J Gen 5s Nov 1,1954 / 95% 100 103 63% Green Mountain Power 70 1st mtge 5s 1948 F&A Greenwich Wat & Gas System— Col tr 5s 1952 series A A&O Col tr 5s 1952 series B A&O Guilford-Chester Water5s '39 J&J Gulf Coast Water 1st 5s '48.F&A Gulf Power 1st 5s 1968.. A&O Gulf Public Service Co— 102% 103 1st mtge 6s 1945 ...A&O Gulf States Utilities Co— 1st M & ref 4s ser 01966—A&O 90% _ 26 4^ 98 93 w 100 97 1st & ref 4%s 1953 Corp— 10-year 4 %s deb 1946 95 ser 96 101 102% 100% 102% 108% 106% A&O Hackensack Wat 4s'52 op'12 J&J Gen&ref 5s June 15'77 A J&D15 5%s June 15, 1977 97 94 103 39 B.J&J 92^ 101 102% 109 Hamburg (Germany) Elec Co— Extl g 107 95 100 90 93 18% 18% 62% 21% 21% 63% 102% 104% s f deb 7s 1935—M&N / Hamburg (Germany) Elev Undergound & St Rys 5%s'38..J&D Houston Gulf Gas— 1st M & col 6s 1943 ser A.A&O "'.'V' ' 25 ff U Hamilton Gas 6%s A w w'37 J&D Harrisburg Gas 5s 1970. _.M&N 106 Havana Elec Ry 5s 1952—F&A / 26% 5%s (Sept'31 coupon)'51-M&S / 1 Hempstead & Oyster Bay— Water 6% July 1 serially 90 Hest Man & Fair Pass Ry—See P hil R T Home Tel & Tel (Ft Wayne)— 1st 68 series A 1943 J&J 104 1st 5%s series B 1955 A&O 104% Houston Elec 1st 6s B 1950.J&D 82 Houston Gas Securs 5s 1952.M&S 91% Deb 6%s 1943 with war..A&O r)':. Called Feb. 15 at par. Pass Ry 5s Mayl '42 Federal Water Service Corp— Conv deb 5 %s 1954—-M&N Federated Utilities Inc— 1st lien col tr 5%s 1957—M&S Florida Power Corp— 1st mtge 4s series 01966..J&D Sinking fund debs 5s 1946. J&D Florida Pow & Lt 1st 5s '54—J&J Florida Public Service Co— 1st 4s series O 1955 J&J Florida Telep 1st 6s 1945..A&0 2nd 6s 1954 Fontana Un Wat 6s 1935-.J&J Fruit Growers' Express— Equip trust 5%s to 1938—A&O Equip trust 4%s to 1941.-F&A Equip trust 4%s to 1943—M&S Equip trust 4s to 1946—-M&S Galv-Houston Oo inc 6s *55. J&D Galveston-Houston Elec Ry— 1st Ms f g 5s 1954 opt A&O Gandy Bridge (Tampa) 1st mtge s f 5%s 1957 A&O Gary Elec & Gas Co— 1st lien coll 5s x-w 1944...J&J 5s with warrants 1944..J&J Gary Rys Oo 6%s ser A1945 F&A Gary Street Ry 1st 5s 1937..A&O Gas Co of New Mex 6 %s *44 M&8 Gas & El of Bergen Co os '49. J&D _ 74% 102 "v * 120 Stamped M&S 1st lien g 6s 1942 stpd—M&S Debenture 6s 1954 ser B— J&D Fed 1 Pow & Lt 6s Nov 1,1965... / Federal St & Pleasant Valley Great Lakes Power Ltd— lstsf 4%s 1956 Great Lakes Utilities Oo— Edison El 111 (N Y)—See N Y G 1st & 53 111 . 40" 101 99 G & E Utica 5a 1942.A&0 Erie Co Electric 6s 1959 J&J Erie Rys—1st 6s 1954 A&O Erie Ltg 1st m 5s 1967.. .A&O _ lUJBkn)See Kings Co EL&P Electric Ferries 7s (whs) *41-A&O Elec & Peoples. See Phila R T Electric Pow Corp (Germany) 1st s f 6%s 1950— -M&S / 1st sink fund 6%s 1953..A&O / Electric P & L Deb 5s 2030.F&A Eliz Plainf & Cent J1 See Eliz & Raritan Riv V Public Serv Eliz & Trenton RR J Corp Elmira Water, Light & RR— 102% Georgetown Gas Lt 1st 5s'61 F&A Transit— A&O 87% A 1952..J&D Coke jt 1st &ref 5«*4l opt. M&S Ercole Marelli El Mfg Oo (Italy) 1st s f 6%s 1953 with war M&N „ 105% ws Edison Sault Elec4%s, 1961 ser Empire Gas & Elec and Empire 110 ...M&S / 40 82 Dumbarton B'ge 6%s to '49.J&J Duquesne Gas Corp— / 15 Istconv 6sctfs. 1945 M&S15 Duquesne Light—See Phila Co 60 Duquesne Nat Gas 7s 1948.-J&J Duquesne Trac—See Phila Co Durham Pub Ser 7s A '49..A&O 91% 104 Durham Trac 1st 5s 1941...M&S 52 East Coast Pub Serv 4s 1948 F&A 104 East Jersey St Ry 5s 1944..M&N 95 E. Kootenay Pow 1st 7s '42.A&0 East Prussian Pow 6s '53 J&D f 19% E St L & Interurb Wat 5s '42 J&J 100% 1st mtge 6s 1942... 100% J&J 104 1st m 5s 1960 ser D F&A Eastern Gas & Fuel Assoc— 1st m & coll tr 4s A 1956.M&S 73% Eastern Iowa Pow 6%s 1943.M&S 98% 101 Eastern Lt & Pow s f 5s 1964 M&N Eastern Mass Street Ry Co— 57 Ref m 4%s 1948 A J&J 63 Ref m 5s 1948 B J&J 70 Ref 6s Jan 1948 ser C..M&S 15 70 Ref Os series D Jan 1 1948. A&O 78 Ref 6s series E Jan 1 1948. A&O Eastern Michigan Rys— 1st mtge colltr 7s 1958 / 24 J&J 1 Adjt 6s due July 1958 A&O / 45 Eastern Minn Pow 5%s 1951 M&S Eastern Oregon Lt & Power— 95 5 %s series A 1951 M&S 90 5s series B 1953 J&J Eastern Shore Pub Service Co— 98 1st m 5%s 1947ser A ..M&S 95 1st M & 1st ilen 5s 1955 B M&S 100 Easton Consol El 5s 1949 —M&N 110 Economy Lt & Pr (110 5s '56. J&D Edison Elec Ilium of Boston— 106% 3%s 1st M s f July 1. *65.J&J Ed E. Gen & ref 6s „ 107% _ 40 101 Federal Light & Traction— 1st 5s (Amer series) 1942.M&S 1st 5s (Internet ser) 1942—M&S _ 112 mtge 4%8 ser A1951..J&D Conv deb 4%s 1946 J&D Empire District Elec Co— 1st & ref m 5s 1952 M&S Empire Gas & Electric Co— Erie & Suburban Ry 5s 194iA&0 Fall River Elec Lt 5s 1945..J&J _ 107 105 104 102 98" Equit _ 113' 112 101 % J&J 1st „ 87" 103 104% M&S 19 5s Jan 1 '55 / Detroit & Canada Tunnel— 1st mtge s f 6s 1953 M&N / Certificates of deposit.. / Conv s f deb 6%s 1948— -M&N / Bid Bonds El Paso El Co— 1st m 5s 1950 ser A El Paso Nat Gas— „ 87 Orescent Public Service Co— Coll inc 6s B Oct 1,1954—J&D / 28 Cuban Telep conv 5s 1951...J&J 92% 1st lien & ref 7%s 1941— M&S 96% Cumberland Co (Me) Pow & Lt— 97 1st mtge 3%s 1966 A&O Cumberland Gas 6s w-s 1948M&N / 30 Cumberland Valley Telephone— 1st mtge 5s 1966 100% J&J 100 General 5s 1966 —• A&O Dallas Gas 1st 6s 1941 103 A&O Dallas Power & Light— 105 1st mtge 3%s 1967 F&A 58 Dallas Ry & Ter 1st 6a 1951. J&J 1st mtge Des Moines 105 Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948Non-cum inc deb 6s (x s) 1948. Commonwealth Lt & Power— 100% Des Moines Gas Co— .. 1st M col 4Ha 1957 ser D.J&J 1st M 4s 1981 ser P .M&S 1st M 3Ha ser H 1965...A&O Oom'w'lth El 5s June 1 '43.M&S *100%, 97 - 1st M 5s 1953 ser A J&J 1st M col 6b 1954 ser B...J&D 1st M col 4Ha 1956 ser O.A&O 60% 46 . 1st mtge & colltr 4s 1965.M&N 92"" 59% _ Columbia River Longview Bridge 6 Ha stamped 1953— 2 A&O / Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A 106 J&D _ 90 .F&A Oooper RivBri'ge inc 1st 6s'58M&N Copenhagen Telephone Co— Extlsf 5s Feb 15.1954. F&A .15 Copper Dist Pow 4 %s 1956. .J&D Council Bluffs Gas 5s 1948. -M&N County Gas of Dallas 5s '46 A&O County Gas (N J) 5s Jan 1 .1952. Stamped as to Pa tax Denver Tramway Corp— Gen & ref 5s 1950 ser A...J&J Colorado Cent Pow 5Ha '46.J&D 93 Colorado Power 1st 5s53-_M&N 106 Colo Utilities 1st 6s 1988 M&S f 40 Columbia Gas & Elec Corp— Deb g 5s 1952 92 ...M&N Deb g 5s 1952 90 A&O 15 Deb 5s Jan 15.1961 84 J&J 15 1st & ref 5s 1954 ser B...M&N Columbus Ry Pow & Light— Continental Telep 5s 1953- 70% 38 Danville Tr & Pow 1st 5s '41.J&J Darby Med & Ches Ry—See Phila R Tr 94 Dawson Ry & Coal 5s 1951—J&J Dayton Power & Light— 1st & ref M 3%s 1960 106% A&O Delaware Elec Power Co— 100 Deb 5%s 1959 J&J Delaware Power & Light Co— 1st M 4%s 1971—— 107% J&J 1st mtge g 4%s 1969 104% J&J 101 Cleveland Ry 1st 5s A 1945.M&S Cleve Southw Ry & Light— Gen & con 5s 1954 M&S / 3 Clinton (Lo> W W 1st 5s 1939P&A t 100 Coast Cos Gas & Elec— 1st s f 4s series B 1965 108 M&S Colonial Util 5%s 1958 41 J&D _ 69% Danbury & Beth Gas 6s 1948 F&A City Water (Chattanooga)— 1st M 5s 1954 series B_ ' 1st M 5s 1957 series C Ask Bid Bonds Oontin Gas & El deb 5s 1958 T&A Continental Pub Serv 6s '40. J&D / ' /This price includes accrued interest, k Last sale, n Nominal. 101 98% 30 51 28" 1% 86" 93% 102 99% NOTICE—All bond Bid Bonds Houston Light & Power 1st mtge 134s 1960 J&D ge Houston Na Natural Gas Corp— 1st m coll 08 '43 with warr.J&D Hudson Go Gas 5s g 1949.-M&N Hunt'g'n Wat 1st M 0s '64A M&S Bonds Ask 104 102 10334 120 121 105 1043* 10734 101 97 95 1st mtge 58 1960 ser B—M&S (11 Community Tel 6s 1949..J&J Illinois Northern Utilities Co— t8* 59 1st M 634« 1953 series _ 96 SS8 899* 8734 7634 86* 103 10134 90 87 83 82 78 10734 112 10134 54 54 20 93 - 48 57 10534 4934 - I* > ...J&J Interstate P S (Ark) 6s 1940 M&S Interstate Pub Serv Co— 1st & ref 6 ^s 1949 ser B..J&J J&D 1st & ref 4 34s *58 ser P...M&S Interstate Rys 4s 1943......F&A f Interstate Telep Co— 1st M 5s 1961. A&O 634 55* 89 1st & ref 5 34s ser B 1949. .M&S 1st & ref 6s ser O 1952 M&N Lake Sh Gas 1st 5 34s 1950 M&N 9934 100 41 39 55 883* 5734 55 58 '' mm' «. 52 55"" 41 413* 24 25 20 92 673* 6534 34 683* 66 134 84 945* 933* 10654 985* Lawrence (Mass) Gas & 1st M 434s 1940 ser B Elec— F&A Lehigh Power Securities— Deb g 6s 2026 ser A F&A Lehigh Valley Transit— 1st extend 4s 1945 * Galled April 1 at 105. May 1 at 100. 9834 1143* 117 104 10434 10034 9934 10834 72"" 67 73* 99 834 95 95 M&S 80 82 M&S M&N 101 103 87 97 97 96 98 1513* 10334 10634 106 107 99 t Galled March 1 at 10334 88 95"" 10334 17 20 1 3 105.' 102 10134 80 108 1023* 10234 84 105 / 12 14"" / 2034 134 28 2534 1254 22 72 99 ^ / f " 29*" 28 , / / 73 7734 19 973* ..A&O 9834 110 ioi"~ 99 Rapid Transit Market St Ry (San S f deb 5s 1949 ser A . 81 8934 8334 8534 _ 10434 A&O Maysville P Serv 5Ks A 1942A&0 Memphis Power & Light Co— 1st & ref 5s 1948 ser A J&J 1st & ref 434s 1978 ser O..A&O Memphis Street Ry— 3-5s series A1945 A&O 3-5s series B1945 Ann April / Meridionale Electric Co— lstsf 7s 1957 ser A A&O / 82 87*" 7l"" 73 75 45 :::: 9 63 61 Metropolitan Edison Co— " 108 1st M 434s 1968 ser D—-M&S 105 1st M 4s 1971 ser E__._.M&N 10534 1st mtge 4s ser G 1905..-M&N 92 Metrop Edison Corp 6s '61-M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 6 1st gold 4s 1938 F&A / Exten gold 4s 1938 36 Mexican El L 1st M g 5s *42-J&J 34 Mex Lt & Pow 1st 5s *40 s f—F&A 50 Mexican Utilities 7s 1939—A&O / Miami Bridge— Income deb 6s (w-s) Mar 1952. 48 50 62 53 105 105 105 60 65 9434 953* 106 106 ,P 39 38 55 53 1033* A&O 52 Mich Fuel & Lt 6s A 1950—J&D / Michigan Gas & Elec Co— 92 1st & ref 6s 1943.. M&S 8234 1st M 5s 1956 J&D Michigan Public Service Co— 86 1st g 581947 ser A A&O 97 Middle States Telep 6s A *47. J&J Middle States Util 6s A1951 A&O 96 1083* Telep Co— Michigan Associated 1st M 5s 1901 1043* 9334 8334 87 6234 Middlesex & Boston St Ry— 115 HI 1st and ref mtge 534s 1942. J&J Middlesex Elec Lt Pow 5s '55 J&J Middlesex Water 534s 1957-A&O Middlesex & Somerset Trac— 103 10034 64 25 67 96 90 117 1043* 78 --J&J 72 10034 Middle Western Tel 6s 1943-J&J 27 Midland Util deb 6s 1938—M&S f Milwaukee Elec Ry & Light— 66 1003* 1st & ref 5s 1961 ser ,B J&D 27 10034 1st M 5s 1971 69 J&J Milwaukee Gas Light Co— 94 1st M 434s 1967. M&S 100 Minneapolis Gas Light Oo—_ 100 1st mtge 4s 1950 J&D 99 Minnesota Nor Pr jt 6s 1944 A&O Minnesota Power & Light Co— 100 98 1st & ref 5s 1955 J&D 9534 88 1st & ref 434s 1978 M&N 76"" Mississippi Power Co— 65 1st & ref 5s 1955 M&S 75 5s 1950 - Mississippi Power & Light— 1st M 5s 1957 10034 • Lombard Elec Oo (Italy)— 1st extl 7s 1952 i* 10834 114 563* 5534 1003* ■ 107 86 102 \ 92 1934 8534 5534 5434 4934 104 Conv deb g534s '52 ser A. A&O Long Island Water 5 34s *55 M&N Lorain Telep 1st 5s 1958 J&D . Mass Utilities Associates— 96 J&J J&D Long Beach Gas 1st 5s '56..J&D Long Island Lighting— Secured g 6s 1945.. J&J 100 10634 11234 J&J 73 95 Little Rock Ry & El 6s '38 A&O Lockhart Power 434s 1955--J&D 10734 999* 88 M&S 74 74 66 Lincoln Gas & Elec 5s 1941..J&D 534s 1953 9834 9734 Francisco)— 1st s f 7s 1940 ser A Q Jan Maryland Light & Power— 1st M 534s 1950 ser A....J&J 95 85 105 Lincoln Pub Serv 5s 1939..-J&J 11434 11634 9734 66 ' MacLaren-Que Pow 534s Febl '61 534s series B 1964 M&S Macon Gas 1st mtge 4 34s '52- J&D Macon Ry & Light 1st 5s '53. J&J Madison Rys 1st g 5s 1936.-M&N Manchester Terminal— 1st s f 6 34s ser A 1941 A&O Gen s f 7s ww 1941—--—A&O Manhattan Ry con 4s g 90—A&O Cent Hanover Bk ctfs of den. 2d gold 4s 2013 J&D Manila Elec RR & Ltg Corp— 1st lien & colltr 5s 53 M&S Manitoba Power Co Ltd— 1st M s f 534s *51 ser A—-J&J 1st M s f 53*8 1952 ser B..J&J Mannheim & Palatinate Elec Cos 15-year s f 7s 1941 J&D Marion-Reserve Power— See Phila 103 97 70 Conv deb 115 Market Street El Pass Ry— 93 92 103 100 J* Ref & gen 6-4 34s ser B 1908 J&J Ref & gen 4s series C 1967.J&J 10134 101"" 104 101 Luzerne Co (Pa) Gas & Elec— 1st ref&lmp g 5s'48 op*13 A&O 1st mtge 434* 1952 Maritime Tel & Tel— 91 Leipzig Overland Power— S f mtge 634* 1946-. M&N / 193* 98 Lewiston Gas Lt 3 34s O '56. A&O Lex (Ky) Ry—See Ky Tr & Term Lexington (Ky) Tel— 98 1st M 6s ww 1944 M&S 95 Lexington Util 1st 5s 1952.-F&A 100 Lexington Wat ref 5>4s 1940 .F&A 73 LexingtonWat PowColst5s'68J&J ■ Called J&D Ref & impt g 5s 1960 J&D 1st extend 5s 1945.4—.hjJ-J&D 88 A Telep 53*s 1948..J&J Lake Superior Dist Pow— 1st mtge 3 34? ser A 1966- - A& O Lancaster Co Ry & Lt 5s 1951 J&J 88 82 1961 J&J Iowa El Lt & l*r 7s ser O '42.P&A 114 1st mtge 4s ser E 1955 102 J&D Iowa-Ill Telep 2-534s 1949-.A&0 / 34 iowa-Nebraska Lt & Power— x —J&D Val RK 85 47 * 97 Works— 1st 5s ser A 1958 Lackawanna & Wyoming Lake Erie Pow & Lt 6s 1946-A&0 44 Deb 5s 1968 1st mtge 5 34* 1959 Debenture bs 1960 1st 7s series J 1957 — 1st 6s series K 1957—---M&S Keokuk Elec 6s 1945 M&N 61 99 Investors Tolephone 3s Iowa Electric Go— M&N 2934 34 J&D Kentucky Power & Light Co-— 8634 1st 53*s series A 1948 M&S 86 1st mo 34s 1948 ser B M&S Kentucky Traction & Terminal— 1st & ref gu 5s '51 opt *14 F&A / 108"" Lexington Ry 1st 5s 1949.J&D Kentucky Utilities Co— 90 1st M 63*s Sept *48 ser D M&S 80 1st M 534s 1955 ser F A&O 71 1st M 5a 1961 series G F&A 71 5s series H1961— F&A 70 1st M 5s 1909 ser I F&A La Crosse 95 102 99 A J&D 57 97 92 87 B...M&S A—M&S 62 95 96 ser 2734 Electric— Water 70 75 .•:* 103 H A&O . 334* ser A I960.J&D F&A 6s 1948 F&A Laclede Gas Lt 5s 1939 A&O 1st M coll tr 5 34« '53 ser O F&A 1st col&ref 534*1960 ser D F&A 6s coll notes ser A 1942—F&A 6s coll notes ser B 1942—F&A 84 ser J&J 1957——J&J 1st 5s 1951 Debentures Interstate Tel & Tel 53*s 1953J&J 1st 1 & ref 5s 1961 29 54 F&A Int-State Bridge 4-6 34s *50 M&N f Interstate Gas & El 6s 1951.-J&D Interstate Power 1st 5s '57...J&J Deb gold 6s 1952 J&J 1st lien & ref 5s '57 113 28 30 Ctfs indebt 2s 1958. Kokomo 70 65 Luneburg Pow L & W W (Germ'y) 1st M s f 7s 1948 M&N / 1st & ref 6s 1954 109 Deb gold 6s 2022 ser 1st mtge 434s 1980 65 65 „ Debenture 7s 1944 J&J - - &» 54 . 24 3 1942—..._F&A Kan City Pub Serv 6s A '51 1st 6-7s series B 1951. 54 Internat Ry ref 5s '62 op.M&N International Telep & Teleg— Iowa Pow & Lt 1st 4 34s 1958 M&S Iowa Pub Serv 1st 5s 1957.-J&D 19 103 10234 Kansas Gas & Los Angeles Railway Corp— 1st & ref s f g 5s 1940 J&D Los Angeles Ry 5s 1938.-A&O Los Ang Trac 1st cons 5s '38. J&D Louisiana Pow & Light Co— 1st mtge 5s 1957 J&D Louisville Gas & Elec Oo (Ky)—• 1st & ref M 334s 1960 M&S Louisv Ltg 5s '53 unstmpd-.A&O Loulsv Ry cons ext 53*s 1940J&J 2d 434« 1940 -M&S General 5s 1950 F&A Lowell Gas Light— 1st mtge 434s ser A 1966.M&S Lower Austrian Hydro-Elec— 1st sfg634s 1944 F&A Lower St Lawrence Power— 1st s f 5s ser A 1955 105 10034 56 6 34 % sec bonds 1955 ser C J&D Sec 7s 1957 ser E F&A Sec 7s 1952 ser P J&J15 .. 10434 10234 ..... 51 M&S Debs A 6s 1948 J&D f International Hydro-Elec System Conv deb 6s 1944 w w A&O Xnternat'l Pow Ltd 634s 1957M&S Deb 6s 1957 M&S Debentures 6s 1955 J&J international Power Sec Corp— ser 104"" 104 Kewanee(Ill)Pub Ser 6s A *49 J&J Key West Electric 5s 1956..F&A 85 Keystone Pub Serv— 51 1st M 5s 1978... M&N 51 Keystone Telephone Go— 1st & ref 534s 1955 ser A..J&D 1st 1 & ref os 1951 ser B—A&O 14 Kings County Elec Lt & Power— Purch money 6s g 1997.-A&O 129* 4 Edison El 111 Blkyn 4s '39. J&J 85 KlngsCoElev—See Bklyn-Queens Kings Co Gas & HI 1st 5s '40 A&O 50 Kings Co Ltg 1st ref 5s '54.-J&J 1st ref 634s 1954 -----J&J 23" Kingsh'way Bd«e 6_3*s 62..A&0 Knoxvllle Trac 1st 5s 1938-.A&0 (ntercontinents Power Co— 1st 4s 5 32 1 Joplin W W 1st 5s 1957 M&S Kansas City Gas 1st 5s '46.-F&A 101 50 1961.J&J 30 _ Indiana & 8 W Gas & Util— 15 6% conv notes 1940 J&D Indiana Telep 5s A 1900 90 J&J Indianapolis Columbus & South¬ 45 ern Traction 1st 6s 1948..F&A Indianapolis Gas 5s 1952 A&O f 52 Indianapolis Power & Light— 1st M 5s 1957 ser A 10554 J&J 4634 Indianapolis Ry 5s, 1967 J&J Indianapolis Water— 99 1st mtge 334s 1966 J&J Indianapolis w W Sec Co— 80 Secured 5s 1958 J&J 49 Inland Gas 6 Ms 1938 ..F&A 49 Certificates of deposit 5 Sinking fund deb 7s 1938.F&A 13 Inland Pow & L s f 6s *36 A.M&S 13 Coll tr s f 6s 1941 ser B...M&N Coll tr 6s 1957 ser O A&O U3* 2 Deb s f 7s 1935 J&D 82 Inland Telep 1st 6s 1948 A&O Inter borougn Rapid Transit— 49 1st & ref g 5s '66 op tax-ex.J&J 46 3* Cei tificates of deposit 1654 0% notes 1932.... A&O D 1st M 434« 1961 ser O——J&D Jer City Hob & Pat—See P S Corp Johnstown Traction 4s Doc 31 62 Cons mtge 3s B Dec 311962--. 334 Kansas Power & Light 10834 5134 5134 ser Jamest'n (NY)Telep 5s 1954 J&D Jersey Central Pow & Lt Corp— 1st & ref 5s 1947 ser B F&A 1st mtge 1st & ref M 5s Jan 1.1950. J&J 1st 1 & ref 5s 1963 F&A 1st & ref 5s 1956 1958T_.J&J 1st 5s 1947..M&S Co—• 434s 1965 M&N Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— 1st 63*s 1942 with warr__J&D Kentucky-Ohio Gas Co— 70" 65 1113* 10734 Conv deb 434* 1939 Drib 5e 1955. 1st sink fund 634* Deb gs 7s 1943— 36 J&D Income deb 6s ser A 1952 M&N James River Bridge Corp-— Kanaajt Power 95 .M&N International Railway (Buffalo)Buff Trac 1st 5s 1948 J&D Buff & Lock 1st g 5s 1938.. J&J 81 Kansas Elec Power— 839* 9134 7434 88 Indiana & Mich El 5s 1957..F&A 1st & ref 5s 1955 M&S Indiana Pr 1st 734s '41 A .M&N Indiana Ry & Lt 1st 5s *43...J&J Indiana Service Corp— Certificates of deposit Conv g 7% note 1932 1956—.—J&D Jacksonv (Fla) Gas— 5s stamped 1942..... 1st mtge M&8 mtge 5s 1958 ser A 4134 1st ref 4s series C Indiana Gas Light 6s 1941 M&N Indiana Gas Utilities 5s 1946.J&J Indiana General Service— 1st M 5s 1948 J&J Indiana Hydro-Elec Power—- 64 45 1st 6s series A 10534 10434 B—F&A 1st M 5s 1951 series O 1st 109 10734 1st mtge 434s ser B 1965..A&O Indiana Central Telep Co—_ 1st lien coll 514s 1938— ..M&N Indiana Electric Corp— 1st M 6s 1947 series A...M&N 60 41 1st 6s series A 119 107 Illinois Water Service CJo— 1st mtge 5s 1952 series A..J&J InrtUnn Assoc Telegraph— 80 43 Deb 6s 11834 103 3* 9934 lst&ref 6s 1953 series A.. A&O 1st & ref 534s 1954 ser B..J&D 1st & ref 5s 1956ser O.....J&D 8 f deb 53* ■ 1957 M&S 98 Italian 92 107 90 lst&ref 5s 195' opt.... A&O Illinois Power & Light Corp— 9634 77 Ask Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry _ 25-yr 99 ..M&S Hydro-Elec Co (Italy)— 1st M s f 7s 1952 M&N 9534 9634 s f 534s 1953 ser A..M&S Superpower Corp— 63 (without warr).J&J Jackson County (Mo) Lt H & F— 104 __ 1st 6s series A 1948 J&J 1 '50.M&N M&N Island Gas & Electric— 101 43*s 434s Idaho Power 1st 3 3*s1967..A&O Illinois Bell Tel 334s B 70--A&O Illinois Commercial Telep— lst&ref 534s July Deb 6s 1950 ser A Bid Bonds Ask Isarco 10434 10234 M&S -A&O El Bond & Sh 5s 1957M&N El Corp (Va) 5s 1958.J&D El Pow Comm 334s'43J&J due Jan 1, 1970 J&J 1938 F&A Bid Iowa Southern Utilities— 1st & ref 534s 1950 10334 1st M 5s 1954 ser B 1st 5b ser O 1962 where marked "V* and income and defaulted bonds possible for the closing day of the month preceding the date of issue prices are "and Interest" except Quotations for all securities are as near as Hydro Hydro Hydro 75 PUBLIC UTILITY BONDS FEB., 1938] J&D Mississippi River Pow 5s *51 J&J Deb 5s May 1. 1947 M&N Miss Val Pub Ser 1st 5s '54.J&D 83 28"" 10034 1003* 943* 101 993* 99 90 67 843* 1093* 109 1023* 105 6434 45 50 943* 96 85 90 10234 100 102" ■ X Called May 1 at 105. b Basis. / Price includes accrued -interest.;# k Last sale, f n Nominal* 76 BONDS PUBLIC UTILITY NOTICE—AH bond prices are "and interest" except where marked **f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Mobile Bay Bridge 7s 1951.J&J/ 2d sinking fund 7s 1951 J&J / Mobile Gas Service Corp— 1st 6s 1956—A&O 1st cum inc As ser A '56..A&0 Income 7s 1956 A&O Mob Lt & RR Cons g 5s '41.M&S Mohawk Valley ref os 1991 M&N Debenture 6s 2031 A&O Monmouth Cons Wat 5s *56. J&D 91 65 98% 67 38 25 62 91 60 88% 89% • 114 Monongahela Valley Water— 1st M 5%s 1950 series A.. J&J Monongahela West Penn Pub Ser 1st & gen mtge 4%s i960.A&O Debenture 6s 1965 ...A&O Mont Cities Gas 7s A1937—M&N 101 102 94 - 92 99 Montana-Dakota Power— Ext 1st 5%s-6%s 1944 J&J Montana-Dakota UtilitiesConv deb 4%s 1946.... A&O Montana Power 1st & ref mtge 3%s 1966.. J&D Montreal Isl Pow 6%s 1957 M&N Montreal Lt Ht & Pow Consol 3% 93 94% 72% 91 90% 103 104% 50 deb 1939 .....J&J 1st & coll s f 3%e 1956 F&A 1st & coll 3 Ha 1973 J&J Montreal Tramways— 1st & ref g 5s 1941 opt J&J Gen & ref 5s 1955 series A. A&O Gen & ref 5s 1955 ser B...A&0 conv 50% 102" 97 1013 963 100 73% 79 Gen & ref s f 4Hs '55 ser O A&O Gen & ref 5s 1955 ser D.A&O Morgantown Water 5s-1965—J&J Mount Hope Bridge 5s 1969. J&D 68 67% 104% 73% 2d income 8s Dec 15 1969 Mountain States Power Co— 1st & ref 5s 1938 J&J 1st M 6s 1938series B J&J Muncie Wat Works 5s 1965.M&N 73" 20 71 76 74 77% 104% Municipal Gas &E1 Corn of 18 Reckmghausen 7sl947 J&D 50 Municipal Serv coll 6s 1956.F&A Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Un Tel Narrangansett Elec Co— 1st mtge 3Ha 1966 102% J&J Nashville Gas & Heating Co— 5s 1937 (not guar)... M&N / 85 Nashville Railway & Light Cons g 5s 1953 opt 1908...J&J 107 Ref &ext gold 5s 1958 J&J 90 Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945—F&A 91% 20 4% 84 73 81 .45% 31* 29 108 ir 114 71 73 93 96 116 — 119 OO (NTr-l 3SS ::: 49 45 45 48 47 55 78 79 79 80 101% 102 122% 120% 1st 4 Ha 1961 ser B M&N Newfoundland Light & Power 5 Ha 1971 J&J 1st s f 4%s 1956 .J&J New Haven Water— 1st & ref 4 Ha B 1970 A&O 1st & ref 4%s C 1981 M&S 4%s 1983 M&N N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 —.M&S N J Pow & Lt 1st 4%s '60—A&O New Jersey Water Co— 1st mtge 5s 1950... F&A New Mex Gas conv 5s 1951 M&N 126 s f 5s 1943 (Hoboken, N J) 5s 1938-.A&0 North Penn Gas Co— 1st M & lien 5%s 1957.-M&N North Shore Electric Co— 1st & ref g 5s '40 op '20. - A&O North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42. J&J 55 101% 100% 101% 98% l6"" 88% 92% 93 96% Public 4% 106% 106% 105% 106% 105 Northern N Y Utilities Inc— 1st lien & ref 7s 1946 A—.M&N 1st lien & ref 6s 1947 B_. .M&N Northern Okla Gas 1st 5s '46.J&J Northern Penna Power Co— 1st & ref 5s 1956 ser A...J&D 1st & ref 5s 1962 A&O Northern States Power Co— 53 108 102 94 104 New Orleans City RR 5s'43 J&J 102% New Orleans Pontchartrain Bdge lstsf 7s 1946 M&S/ 9% 87 105% . 61 102 ♦ Called March 1 at par. interest, k Last sale, accrued 89 89% 63 Nominal. .F&A 72 69% 98% 99 100% 96% 96% 87 88 76 <74 79 Omaha & Coun Bluffs Ry & Br lstsf 6s 1947 .A&O Omaha & Council Bluffs St Ry— 1st extd 4s 1947. J&J Ontario Pow 5s '43 op to '13-F&A Ontario Transmission Co Ltd— 1st gu g 5s '45 opt bef '16.M&N Orange & Pas Val R—See PS Corp Oregon Elec Ry 5s '33 opt. -M&N / Oregon-Washington Water Serv— 55 56" ---- 22 50 61 51% ; 112% 111% 64 49 46 114% jr. 113 48% 80 ioo% 98 105 Ottawa Valley Power Co— 102 1st M 99% s f 5%s 1970 A&O Otter Tall Power Co (Minn)— 1st mtge 4s 1961 -J&J Ozark Power & Water Co— lstsf 5s 1952 —M&S Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 105 100% 98% 102% 50 J&J 5s 1942 40% Refunding 5s 1961 M&S Angeles Pacific Co— 1st ref g 4s 1950 opt '15- J&J Los Angeles Pacific RR— 1st & ref mtge 5s 1943.M&S Los 36 101 Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B. J&D 1st & ref M 4s ser G 1964. J&D / 105 - 1st & ref M 3%s ser H '61 J&D 1st & ref M 3 %s ser 11966- J&D Pac L & P Co 1st 5s 1942—-J&J Pac Ltg Corp deb 4%s 1945. A&O Pacific Northwest Pub Serv-1Oonv deb 6s 1950— M&S Pacific Power & Light Co— 1st M s 1955 F&A - 88 W4 98 105 99% 98% 1st 5s series B 1949 F&A Oklahoma Ry 1 st & ref 5a '41 .J&J Income 5s 1990 Apr 1 / Old Dominion Pow 5s May 15 '51 90 87 106% 100 —M&N Oklahoma Power & Water 1st M 5s 1948 ser A—.ii-.F&A 104 % 7 104 % §§** 88 107"" 109 e 49 - 107 88 115% 107% 104% 99% 112% 104 14% 60 Pacific Teleph & Telegraph— 97% 98 95 97% 90 92 Refmtgle3 %s ser B1966..A&O 75 Ref mtge 3%s ser C 1966-J&D Parr Shoals Pow 5s 1952 A&O Paterson & Passaic Gas & Elec consol 126 gold 5s 1949. .....M&S Paterson & State Line Traction— 5s 1964 J&J Paterson Ry—See Pub Sprv Corp Pecos Valley Gasext6 %s '44M&N 128 122 loo" 100 102 Pecos 100% 101% 97% 98% 17% 18% 41 20 102% 102% 90 118 102 95 1st extended 6%h 1950 .M&N Non-cum Inc deb 6s 1950. M&N Penn Central Light & Power Co— 1st & ref 4 %s 1977 M&N 1st 5s 1979 M&N Northwest Louisiana Gas— 1st M 6%s 1936 with warr. J&D / Northwestern Electric— 1st 6s stamped 1945 M&N Northwestern Elevated (Chic) 1st mtge 5s 1941 opt M&S Union El (Loop) 5s g'45._A&O Northwestern Light & Power— 6s series B 1950. F&A Northwestern Power Co Ltd 1st M s f conv 6s *60 ser A.J&J Certificates of deposit 56 42% 23 9 6 103 76 34 tf* Penn-Jersey Water— 1st coll 5%s I960.* F&A Penn-Ohlo Edison Co— Deb g 6s 1950 ser A ex-w.M&N Deb 5%s 1959 ser B F&A Penn Pub S 1st 6s ser O '47.M&N 1st & ref 5s series D 1954 .J&D 103% Pennsylvania Electric 85 92 88% 106 100 Co. 1 st & ref 4s 1971 ser F M&N 1st & ref 5s ser H 1962..-A&O 5% 9% 60 Valley Power & Light Co 9% 65 83 95% Pennsylvania Gas & Elec Co— 1st 1 &ref 5%s '55 ser A—M&S 1st L &Ry 5s 1958 M&S Pennsylvania Gas & Elec Corp— 75 66 60 Deb gold 6s 1976 ser A.-M&S 60 90 Pennsylvania Pow & Light Co— 1st M 4%s 1981 A&O Pennsylvania State Water Corp—1st coll trust 4%s 1966—M&N Penn Telep 1st M 4r 1965—A&O Penn Water 1st 3 %s A '67—F&A 105 100 65 Penn Water & Pow 107) f Called April 1 at 107%. n . 1st mtge 3%s 1966.....— J&D 101 94% 91% 5s stamped 1942. J&J Inc 6s Nov 1949 ser A...J&D / . 1st M 5s 1957 ser A —J&D Oslo Gas & El Works (Norway)Extl sink fund 5s 1963 M&S Ottawa El Ry 4%s '48-'55_J&J Ottawa L H & Power— Ref & coll tr 5b 1957 ser A. A&O 60 10 New Orleans Pub Service Co— 1st & ref 5s 1952 series A..A&0 1st & ref 5s 1955series B..J&D B — Service— N'eastern Wat & El 6s 54--F&A North Ind Gas & El 6s '52-M&N Northern Ind Pub Serv— 1st & ref 5s 1966 ser C-...M&N 1st & ref 5s 1969 ser D M&S 1st &ref M 4%s 1970ser E J&D Nor Indiana Telep 4%s '55.M&N ser Debentures 4s 1946.. J&D Oklahoma Natural Gas— 1st mtge 4%s ser A 1951-M&N 78 35 100 . 105% 106% 104% 115% J&D Conv deb 5s 1946 4% 77% 00 si loi"" • Oklahoma Gas & Electric— , 45 C 93 - 40 Sfreg income 3-6 %s May 1 '69 / N'west Cities Gas 6s 1949—J&J / 88% J&.1 100% - 115 115 100 92 106% 108% 53 100% 98% 1st mtge 4s, 1962 F&A Ohio River Bridge & Ferry— 1st 5s 1942 100% J&J Ohio Term (Oleve) 6s 1947--J&D / 40 Ohio Val Elec Ry 1 st M 5s '46J&D / 20 Ohio Valley Gas Corp— 70 1st 6%s 1943 (with warr)...... 67 7%s 1938 4W J&J 105 Ohio Valley Water 5s 1964.. J&J 96 Ohio Water Serv 5s A 1958.F&A Properties 114 107 107 103 ' M&S Deb g 6s 2024 1st & ref 78 1947 North Carolina Gas 6s 48.-M&N f North Central Gas 5%s 1955 A&O North Continent Utilities Corp-1st coll & ref 5 %s '48 ser A. J&J > North Hudson Lt H & P Co— Northeastern 105"" Ohio Public Service Co— 106% 3%ssecured notes 1947-.-A&O 114 — 98 New .vlexlco Power— 1st mtge 5s 1958 .J&J New Orleans City & Lake— 1st Ltg 1st mtge 4s 1967.- 1st mtge 3%s 1972 -J&J Ohio Elec Pow 1st M 5s *57-J&D Ohio L & Pow 1st 5s 1944-M&N 104% 112% North Amer Light & Power Co— Sf deb 5%s 1956 J&J Boston 47 21 72% 100% 99% 1st M colltr 5%s '53 ser A.J&J Ohio Edison 1st & con 4s '65 M&N Ohio Pow 1st & ref 5s 1952 B J&J 1st & ref 4%s 1956 ser D.J&D 111 A&O A 113 103 49 116" 104 1st & ref M 3%s 1967--F&A Northern Texas Elec Co— Coll tr s f g 5s 1940 opt...J&J / Northern Utilities Co— 1st Hen 4-6s 1968 M&N 114 115 112 5%s ctfs of deposit 1961—J&J 46 M 123% Niagara Falls Power— 1st & ref 3%b 1966 M&S Niagara Lockport & Ont Power North 84" .. iH 122% 113% 131% 114% 103% — 94 77 70 ..M&S J&D M&N Convertible deb 5s 1962...J&J New Engl Pow Assn 5s 1948.A&O Deb 5Ha 1954 J&D New England Power— 3%s series A 1961 M&N New England Tel & Tel— 1st 5s 1952 series A......J&D 103 - ser 100 91 Ohio Cent Telep 1st 6s '47.-J&J Ohio Cities Water Corp— 102% 102% ... — 96 Sept 23 — Deb 5s Nov 15 *69ser C M&Nl 5 Nor Amer Gas & El 6s 1949..J&J f 87% 99 Deb g 5s 1947 Conv deb 5s 1948 Conv deb 5s 1950 95 N Y & Queens Elec Lt & Pow— 106 1st & cons M 3%s 1965--M&N New York RysiCorp— Prior lien ,6s stpdi l958 96% J&J 22 Adl income 6s Jan 1 1965. .Apr Bleeck St & F F 1st 4s '50-J& J 40 9 B'way & 7th Ave 5s 1943- J&D N. Y. & Richmond Gas Oo-— lst ref M 6s 1951 ser A..M&N N Y State El & Gas Corp— 1st mtge 48 1965 90% —F&A 90 1st M 4%s 1980 M&S 94 1st 4%s 1960 M&S New York State Rys— ^ lstcong4%s '62 op'13--M&N Certificates of deposit-.. / 4% 1st con 6%s 1962. —M&N Certificates of deposit 4% 106 N Y Steam 6s 1947 M&N 1st M 5s 1951 104 ..M&N 104 1st M 5s 1956. —M&N N Y Tel 1st 4 %s '39 tax ex.M&N 106% Ref mtge 3 %s ser B 1967- J&J 104% N Y Water Service Corp— 85 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— 93"" 102% 4 rH 99 97;- 1st g 5s Dec. 1 1948._ - -—J&D Pur mon coll tr 4s 1949. --F&A Ed El 111 N Y con g 5s '95 J&J New Amster Gas 5s 1948.-J&J NY & ER Gas 1st g 5s '44-. J&J Con 5s 1945 J&J NY&Westch Ltg 4s 2004—J&J Deb g 5s 1954 op guar..J&J N Y Power & Light Corp— 1st mtge 4%s 1967 A&O 1st mtge 6%s 1953 J&J Norf & Ports Bdge 6 %s '47. F&A North American Co.— Deb 5s 1961 F&A North American Edison Co— Conv deb 5s 1957 ser A..M&S Deb 5%s 1963 ser B ..F&A15 §3 Nebraska Pow 1st 4%s 1981-J&D Deb 6s 2022. M&S Nev Calif Elec 1st 5s 1956—-A&O Deb 6s July 1941 ...J&J New Amsterdam Gas—See N Y GELH&P Newark Cons Gas con 5s '48.J&D Newark Gas 6s Apr 1 1944—Q-J New Brunswick (NJ) Lt H & Pow 4s Dec 15 1939 J&D Newcastle (City of) W 5s *41 J&D New England G & E Association 72 Ask • & East River Gas—See N Y G E L H & P— ..... 82% 44% 44% 100 80 75 Y 1st & ref 5s 1955 . ' Debenture gold 5s 1978—F&A/ Certificates of deposit... / Nat Toll Bridge 6s stmp '39.J&J / 97 78 Nippon Elec Pow Ltd (Japan) , / 103 102 See N Y Gasi Elec Lt & Pow . Nat Elec Pow Co deb 5s 1978 J&J Nat Gas & El Corp 5s 1953.F&A Nat Lt Heat & Pow 7s 1938.M&8 Nat Lt & Pow 6s 1949——M&N Nat Pow & L deb 6s 2026 A.F&A Deb 5s 2030 ser B -M&N Nat Public Service Corp— 101 100 Bid Bonds Northwestern Pub Serv Co— 90 1st M 5s ser A 1957. —J&J NT'western Teleg 1st 4%s '44.J&J k 107 Northwestern Utilities, Ltd— 85 1st ref 6-7s ser A 1949-..-J&D Nova Scotia Light & Power Co— 98 1st M s f 4s 1957 J&D NY PA NJ Utilities— > *.» 45 Deb 5s 1956 ......-F&A Oberpfalz Elec 7s 1946 -J&D / 19 Ocean City Coastal Highw Bdge— 6%s w th stock 1947 J&D / 39 104 Ogden Gas 5s 1945M&N 99 Ohio Assoc Telep 4%s 1966-J&D 103% - 70 18 „ / Ask 103 % - New York Edison Co— 1st 1 & ref 3 %s ser D 1965. A&O 1st lien & re. 3 %s ser E'66 A&O N Y Gas Elec L H & P Co— 62 J&D Newport & Fall River St Ry— J&J 4%s 1954 Newport Gas Lt 5s A 1961-- J&D Newp News & Hamp Ry G & E— 1st & ref 58 1944... J&J Newp News & Old Pt Ry & El 1st g 5s Nov 1 1938 .—M&N Newport Water 5s 1953... M&N NewKochelle Wat 5%s'51-M&N 1st 5s series B 1951— M&N N Y Cent Elec 1st 5%s '50.M&S 1st 6s 1952— J&J N Monongahela Light & Pow Co— 1st M 5s 1949— Bid Bonds Ask Bid 89 Missouri Edison 1st 5%s *47 J&D Missouri Gas & Elec 6s A *44 M&S / 63 59 1st & ref 6s ear B 1957 J&J / 1st 4-5s 1956 63 A&O Missouri Power & Light— 1st mtge 3%s 1966 97% ....J&D Missouri Public Service Co— lstsf 5s I960 F&A 64% Missouri Riv Sioux City Bdge— 1st s f 6s 1953.. M&S tl03% Missouri Telephone— 100 4%s series O 1961 M&S 7 Missouri Val Pub Ser 6s '39 J&J. s f 5s '40.J&J 1st ref 4 %s 1968 ser B M&S t Called March 15 at 103. b Basis, e Called Feb. 1, 1938, at 109. 83% 98% 92 107) / This price includes . NOTICE—All bond ser 85 A '67.F&A 60" Peoples Gas (N J) 1st 5s '68.J&D 65 lstsf 5^81960 _.J&D 13M Peoples G & Fuel 6 Ms ww'37 A&O f Peoplo's G L & Coke, Chicago^116M 1st cons g 6s 1943._ jA&O 110 Refunding gold 5s 1947.-M&S 86 M 1st & ref 48 1 981 ser B J&J 88 M 1st & ref mtge 4s ser D '61 -J&D 113M Mutual Fuel Gas g 5s* 47 M&N Peoples Light & Power Corp— 1st lien 55^8 1941 J&J / 76 Oonv deb 5s 1979 J&J / 7M - 3-6s 1961 4s ' 89 M 114 78 1st & ref 5s 1950 000 Debenture 4s 1950 Philadelphia Company— 90 lOl" 100 92 30 106M Duquesne Lt 1st 3Ms '65.J&D Duquesne Trac 1st 5s '30-J&J / 80 106M 83 A&O Rys 5s 1953 78 . _ Secured gold 5s 1967 J&D Ardmore Street 5s 1958._A&O J&D 30 34" 5s'50A&0 29 33 United Trac 5s 1997 ctfs.-J&J West End Trac con 5s '38-J&J 28 30 2d Ave Tr 1st 5s 1934 So Trac 1st & coll tr g 30 M 112 M Coll tr g 5s 1957 opt s S f guar 5s 1962 6s gold 1962. 1st m r e f—F&A M&S M&S • Darby Media & Ches St Ry 1st 4Mb 1936 J&J / Host Mantua & Fairm — 1st extd 5 Mai939 M&N Market Street Elev Pass Ry M&N 1st g gu 4s 1955 Traction— 112M —M&S 78 70 • . . People's Traction Co— P P Ry tr ctfs 4s '43-P&A / 76 79" 80 85 18 21 52 94 M 1st mtge 4s 1966 Serial deb 3s to 1941 1952.J&J 1959.M&S Pitts Canonsburg & Wash 5s 1937 Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958—...-M&S Pinellas Wat Co 5Us 6sl951_J&J 96" Somerset Lighting 5s 1939..F&A Somerset Un & Middlessex Ltg— 102 M South g 48 Dec 1, 1943 J&D Bay Consol Water— 107 62 66 21 1st ref 5s 1950 M&N South Carolina Power Co— 1st lien & ref 5s 1957 J&J J;- 32 & Lake 6M 29 M 1st lien & ref 5s 1960 M 74 69 92" Southern California Edison— 73 77 ll6" 98 100 47 31 93 M 107M 10 Elec 6s 1953.-M&N 102 Henry L H & P 1st 5s '46.F&A Portland Elec Pow 6s 1950.M&S / 13 Portland (Ore) Gas & Coke-— 49 1st & ref g 5s *40 opt '20..J&J Pomerania Pt 48 1st l'n & gen 4 Ms 1940—J&J Portland Gas Co 1st 5s 1951-F&A 99 1st & ref 4Ms I960 M&S 1st M 5s exten to 1950 J&J Portland (Me) RR 3 Ms 1951. J&J 83 1st 1 & con m 5s 1945—M&N 98 Porto Rican Power 6s 1950.M&N 94 Porto Rican Rys Ltd 5s 1962M&N 101 Porto Rico Telep 6s 1944—J&D Postal Teleg & Cable 5s '53.J&J / 13 M Potomac Edison Co— 106 H 1st mtge 5s 1956 ser E—M&N 107 1st M 4Ms 1961 series F-.A&O # 14 St Louis 1st & ref gu g 5s *39 St Paul Gas Light— 49 M 106 60 84 M 104" 13M „ 103 M 100M 102M Power Secur coll tr 6s *49.-J&D k 100 107 Providence Gas 4s ser B 1963 P&A 105 Provincial L H & P 5s '46.M&S 99 .M&N A&O St Louis Co Gas 1st 5s 1951-A&O 51 l66" 107 M 108 104M 101M Nov. 3 108 1st M 4Mb 1968 101 96 M lOi" San Antonio G & E 5s 1949.M&S San Antonio Public Service— Southern 109 H 103 M 99 H Certificates of Southern 104 105 M&N 99 M 6s 1946 92 101 93 1st mtge 3 Ms ser O 1960--F&A 1st mtge 3 Ms ser D '60--M&N 103 H 104 1st 3 Ms series E 1961.....F&A 1st 3Ms series F 1966 J&D Public Service Corp of N J— 98M Trust certs 6% peimet—M&N Camden Sub 1st 5s 1946.J&J Consolidated Traction— 133 105 106M 101M 100M 133M 101M _ Extended 5s 1938 J&D Eliz Plainf & Cent Jersey Ry— 1st g 5s Dec 1, 1950—J&J 95 98 J O Hob & Pat 4s 1949...M&N 49 Orange & Passaic Valley— 1st 5s 1938 J&D Paterson Ry— 2d 6s '14 ext 5% to *44.A&O So Jersey Gas El & Trac— Guar g 5s Marchl,1953.M&S Public Service Co of Nor 111— 1st & ref g 5s 1956 op *21.-A&O 1st & ref 5s 1966 series O.M&N 1st & ref 4Mb 1978 ser D.M&N 1st & ref 4Ms 1980 ser E.J&J 1st & ref 4Ms 1981 ser F.A&O 1st 1 & ref M 4M ser I '60.J&J 52" 96 103M 103 H 104 % 70 73 , 13 5dM 50 M 7 52 11 ; 92 A&O 88 M J&D 106M 107 M 100 101H Telep— Southwestern Gas & Elec Co— 1st 4s series D 1960 M&N Ser deb 4s A 1938-1945..M&N 103M Southwestern Light & Pow 1st M 5s 1957 ser A 99 20 M 100 95 97 Co— F&A 1st M 5s 1957 ser B F&A Southwestern Power & Light— Deb g 6s 2022 series A M&S Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J 109 103 M 107M 94 X 68 72 102 104 Standard Gas & Elec of Delware Southwestern 1M 132 102M 100 A&O 96 111M 100 112 1st cons 5 J&J f 6sMay 1 1935 Savannah Elec & Power Go— 1st & ref 4s 1947 1st & ref M 5s ser ser D 99 M Q-Jan 101M 1935. Certificates of deposit Debenture 6s 1951 6% 105 5 7 75 ■85 99 72 72 74 74 77 80 55 60 17 20 ser B1959 A 5s'59.A&0 A&O Income 3sApr 1 1959 M&N 100 52 54 M&S 104 106 5s 1944 V 30 gg 1949 Second Ave 105 Seneca Power Corp 6s Trac^-SeelPhila 104" ser B 90 102 M 34 65 91 103 M 38 118 / F&A ..J&D J&D 119" 105M A&O / A&O / Ry 1st 5s 1951 105M 105 conv notes 1st lien 6s 1948 52 60"* Standard Telephone Co— 1 st 1 coll tr 5Ms '43 ser A.M&N / Oonv deb 6s 1938 M&N / Stettin Pub Util 7s 1946 A&O / Steubenville Wellsburg & Weirton ' 98 51 105 1935 J&J / Certificates of deposit.. Standard Power & L Corp— Deb g 6s 1957 F&A Standard Public Service Corp— 1st lien 6s Beries A 1948...F&A 6% 101 Scranton Trans g notes Debenture 6s 1966 Scranton Gas & Water Co— 110 HIM 30 30 6Ms 1937..M&S f F 1955-M&S 125 Ry debenture 4Mb 1943-.J&D Sauda Falls Co Lta— 1st s f 58 1955 ser A 1st 103 M 104 M 28 28 88 M Southwestern Bell 110 , 106^ 61M §5 M 80 1st M 5s 1961 1st M g 5s 1939 opt 1914—M&S Seattle Gas 1st 5s 1954 A&O Seattle Lighting Co— 117M 54 60 M 65 . Sandwich Windsor & Amherstb'g Seattle-Everett Traction— 65- . / Savannah Elec Co 5s g '52. J&J Sayre (Pa) Elec 5s 1947....A&O Schenectady Ry 1st 5s Mar 1, '46 Scioto Val Ry & Pr 1st 6s '43. J&D 1st mtge 3Ms ser A 1961--J&D Santa Barb Tel 3 Ms ser C66 J&J 4s series 93 • Southwest Telep 6s B 1947-M&S 1st 6s series O 1947 ...J&D Conv deb ser A 1932 l.J&D / Southwestern Assoc Telep Co— 104 1st & ref os 1967 ser A F&A 1st & ref 5s series B1961.F&A 62 101 deposit 49" / Power Co— S'west Pub Serv 102 M&S Scranton-Spg Brook Water Serv 78 Elizabeth & Trent 5s '62-A&O f 80 Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N 1st 4 Ms 1958 Eliz & Raritan Riv 5s '54.M&N 69 1st M 5Ms May 1. 1960..M&S Southside Va Pow 5s 1956..F&A 98 Savannah & Atlanta Ry— Public Service Co of N H— Utah 97 122 M , Non-cum 6s (ws) 1951 San Jose Water Works Deb a 67 M 121 States Telep Co— 1st M 6s 1948 M&S Spokane Falls & Nor 6s 1939. J&J Spokane Gas & Fuel 5s 1944-F&A Spg Br'k Wat 1st ref 5s '65..A&O Spring Val Util ref 6s 1943—J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S 8pringfield Terminal Ry 7s 1942 Stamford Water 1st 5s 1952._J&J Stand Elec (Calif) 1st 5s '39-M&S 27 M 104M 103M 83 80 95 <1 10-year coll s f 6s 1942—A&O 105 19M M 99 Southern United Gas Go— 1st lien 68 1937 with warr.A&O / 102 107 M 105 M 104 M Gas— Union 1st & ref M 3 Ms ser B '64. San Francisco Bay Toll Bridge— 1st M sink fund 6Ms '57-M&N / Deb s f 7s 1942 M&N / 20 M 102 M * 95M -♦ Corp— 1st & ref 5 Ms series 11945 A&O 1st & ref inc 5 Ms ser IP45 A&O 103 J&J 1st & ref 5s 1958 ser B J&J San Antonio Tr 1st 5s *49.-M&S San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965._M&N San Diego Co Wat 6s A '62.M&S San Diego Water Supply Co— 1st msf 5s 1955 M&N 1st ref 6s 1952 series A 94 M Southern Trac—See Phila Co 111M M&S Gen gold 5s 1944 110 Salmon RivPowguSs 1952 F&A Salt River Val Water Users Assn 103 H 6s 1938-1943. F&A Refunding 6s 1956. M&N 1103 M 102 Stewart Mt Pow 5Ms '57.A&0 101M San Angelo Telep 1st 5s 1958 F&A Public Gas &Ooke 5s 1952.-J&D / 26 Public Service Co. of Colorado—• 103 M 1st & ref 6s 1953 series A.M&S 1st & ref 5 Ms '54 ser B..M&S 1st & ref 6s ser O 1961..M&N .... 35 34 Adj mtge inc Jan 1 6s '60.A&O 1st M pipe line s f 4 Ms '51 A&O Southern Neb Pow 5 Ms B'47 J&J South N E Telep 1st 5s 1948. J&D 105 opt.-J&D San Joaquin Lt & Power Corp—Unif & ref 6s 1952 ser B..M&S Pub Ser of Indiana 6a 1952.F&A A&O ...M&N Southern Natural Gas 110 Springf & Peoria RR— 30" F&A / 93 Utilities Co— 1st Msf 6Ms 1939 ser A.M&S 106 1st mtge s 51 Potomac El Pow— Prussian Elec 6s 1954. 90 Southern Gas Utilities, Inc— 103 109 f 4 Ms 1979 J&D 98 M Saguenay Elec 5Ms A 1953.J&J 100 Saguenay Power 4 Ms A1966 A&O 102 1st 4Ms series B 1966 A&O 98 Serial notes 2M-4s to'46—J&D St Clair County fill) Gas & El— 112 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— * 104M 1st & ref 5s 1946. J&J 1st mtge 4Mb 1947 J&D y. 99 3-4Msserial notes 1939-43.J&J 105"" St Joseph Water 4s A 1966--A&O 103 A&O 26" Rumford Falls Pow— 95M 25" 108 M 107 M 106 1st g 6s 1947 series A_ J&J Southern Counties Gas (Calif)— Gen M 4Ms May 1948— 1st s f 4s Oct 194o— 104 107M 107 M A&O 1st lien & coll 5s 1958 Safe Harbor Water Pow Corp— 101H 104 M 104 M Southern Colorado Power Co— 59 48 106M i—i Canada Power— Southern Cities 105 1st M 5s 70 t1——. 0 0 t—' A&O 1st M 4Mb 1960 Southern 102 1938--—A'-i—M&N 105 Rome (Ga) Ry & L 5s '46 A&O 25 Ruhr Gas Corp 6Ms '53 A —A&O / 16 108 M 1940 1945 3 Ms May 1 I960.J&J 3 Ms ser B I960.. J&J 4Mb 1962 103 102 K 102 M Southern 50 27 92 84 H 84 1st & ref 4Mb 1961 M&S 1st M & ref 4s Aug 1 '65. F&A Calif Water— 105- >68 90 Southern California Gas Co— 105 38 65 M&S M&S M&S Debenture 3 Ms Debenture 3 Ms Ref mtge Ref mtge 117M 109 36 Teleg— 3 Ms debentures 1962 A&O Rockland Light & Pow— 12 103 M Southern Bell Telep & 100 1st & ref mtge 4s 1960 5s ctfs 1957.M&N Elec Co 1st 5s '39.M&S 78M Hn H o o 1st lien 6s 1944 conv Rockford B_ J&J —-F&A ser 1st M 5s 1955. So Texas Gas 6 Ms 1938 A--M&S Southeastern Gas & Water Co— _ 7M ...." 69 South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A-J&J J&D 1st lien 6s x-w 1941 J&D S'eastern Indiana Pow 6s '43 M&N S'eastern P & L deb 6s 2025.M&S 90 Ontario i M&S 98 75M Corp. South Jer G E & T—See Pub Serv 30 101 1962 95 Vr 99" 95M 66 Roch Ry cons 5s g 1930 A&O f 2d 58 g 1933 ctfs of dep—J&D / Rochester & Syracuse RR— 90 Pittsburgh Trac 1st 5s 1927-A&0 / 75 90 Plain field St Ry 6s 1942...-J&J 106 Plainfleld-Un Wat 5s A *61 .M&M 100M Platte Valley Telep 6s 1947-J&J 1st mtge 3 Ms 1966 J&J Power Corp of Canada Ltd-—_ Conv deb4M« 1959 Ser B.M&S Conv deb 5s ser A 1957.—J&D E 94 97 H J&J 72 Valley Gas Co— 1950-* A&O 5 Ms 1951—F&A Ry & El 5s 1953—F&A series 17 J&J Sioux City (la) Serv ' — 102 J&J Serial deb 5s 1942-46 8* 104M M&S Mtge M&S Gen 3 Ms series G 1966—M&S Gen 3Ms series H 1967—M&S 5s M&S 1957 95" 104 1st mtge 5s Roanoke G-L Rochester 59 88M ~ . 1st 5 Mb ser B 54 % Silesia Elec Corp s f 6Ms'46 .F&A / Sioux City Gas & Elec Co— 108 60 J&D Union— J&J / 17 M Rhine-Westphalia El Pr (Germ'y) 24 Mtge g 7s 1950 A_M&N 25M Direct mtge 6s 1952 M&N 26 Con mtge 6s 1953 F&A 25M Cons 6s 1955 —A&O 50 7s extended 1941 F&A Richmond (Ind) W W Corp— 104M 1st M 5s 1957 —M&N Richmond (S I) Lt & RR— 95 1st coll tr g 4s 1952.. J&J Water 5s1938 Phlla Suburban Water Co— 106 1st s f 4s 1965 M&S Phlla & Western Ry 5s 1960.J&J / 7 Piedmont Hydro-El Co (Italy)— 55 1st & ref s f 6 Ms 1960 ser A A&O Portland (Me) Gas L 5s A'50 Portland General Elec Co— 62 M 95 M 1951 Rhine-Ruhr Wat Serv Extl deb 6s 1953 Roanoke 21 Sierra Pacific Power Co— 1 st & ref 5s 1960 ser A 57 M 103 M 100M Elec 88 , 1st coll trust 5s _ Elec & Peo 4s tr ctfs *45. A&O / Union Traction 4s 65 104 99 M 98 M Shreveport Rys 1st 5s '38-44.J&J / 59" 92 Republic Service Corp— 1st Union 104 ser Pow (Japan) 1st sink fund 6 Ms 1952 J&D Shrevp't Bdge & Term 5s'55.F&A 100 95 117 J&J Rochester Central Power Corp— Deb g 5s 1953 -M&S Rochester Gas & Elec Corp— Gen mtge 4Ms 1977ser D.M&S •> 43 72 J&J 6s 1944 105M 41 V 104 103 M 103 M 68 •■; Shinyetsu Power— Roanoke W W 5s 1950 Philadelphia Rapid Transit—• f 4 63 1948 5Mfi „ 105M s r Rio Grande Philadelphia Electric— 1st & ref mtge 3 Msl967—M&S Philadelphia Elec Power Co—1st mtge 5Ms 1972 P&A Phi la & Garretsford St Ry— 1st 5s 1955 F&A 103 M B.M&1S 1st coll tr 4Mb 45 60 M&S Secured conv 6s 1938 M&S f 32 57 1st coll 4-5Ms 1948. A&O 98 Puget Sound Navig 68 1938.M&N Puget Sound Power & Light— 6&M 1st & ref 5Ms 1949 ..J&D 60 M 1st & ref 5s 1950 ser C—M&N 55 M 1st & ref 4Ms 1950 ser D.J&D 102 M Puget Sound Tel 5s A 1952.J&J 1st 1st & coll 4sl962 00 co 00 1st M&cnl 101M 40 Queensboro Gas & El 5s '52.J&J Conv g deb 5Ms *52 set A. A&O Quincy El Lt & Pow 5s A'47 M&S Rapid Transit St Ry 8s 1941. A&O Republic Nat Gas 1st 6s 1954J&J _ T-t M8'67 serA A&C 100 99 101 P Serv of Penn 1st 5MsA'53_J&D Quebec M&N M&N F&A Prior lien 5s 1948___ 1st con 5s 1948 Plttsb 118 11 I'M 88 99 73 Ask Public Utilities Consol Corp , __ Bid Bonds Shawinigan Water & Power Co— 1st mtge 4s ser A 1966 F&A Serial aebs4s Feb 1 1946..F&A 15M ' 1st lien 6s A 1949 w w—F&A Teoria Water Works Co— 1st consol 4s 1948 M&N ■' 70 75 _ J&D 1960_____ Peoples Tract—See Phlla R T Peoples Water Service (Md)- Ask Public Service Co of Oklahoma 53 Peoples Telep (Butler, Pa)— Bid Bonds Ask Bid Bonds marked "f" and income and defaulted bonds possible for the closing day of the month preceding the date of issue prices are "and interest" except where Quotations for all securities are as near as Penn Wat Serv 5s 77 UTILITY BONDS PUBLIC Feb., 1938] 106 43 43 44 43 46 46 43 43 45 43 ti* 42 H 43 M 45 47 46 49 45 13 19 20 25 * Stewart Mt Pr—See Salt Riv Vail Co— Suburban Lt & Pow 6s 1938.F&A 100 105 104 106M 103 Super-Power Co. of 111— 1st 4 Ms 1968 1st M 4Mb 1970 1946.M&S 105M 106M 106 107 M&S M&S II • Called July 1 at 102. t Called March 21 at 103. 6 Basis. /This price Includes accrued interest. * Last sale. » Nominal, r Canadian price. PUBLIC 78 UTILITY BONDS NOTICE—All bond prices ere "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Ask '43.M&S 93 98 Syracuse Gas g 5s 1946-----J&J Syracuse Lighting 5s g 1951-J&D 114 Bonds Butter Butt*> Canal 6%s 1st & ref 5%s 118% 124 d 105 1954------F&A Syrac Rap Tr 1st g 5s 1946-M&S / 2nd mortgage 5s 1930--_--J&J f Taiwan El Pow s f 5%s 1971 -J&J Tampa (Pla) Gas 5%s *56—A&O 1st 5s 1961 A&O 14% 4 16" 6 52 80 84 86 57% 69% 69% Telephone Bond & Share CoDeb 5s 1958 J&D Telephone Service (Ohio)— 5s 1953 M&N Temescal Water 1st 5s A '60 M&N 50% 76 70% ^ 100 Tennessee Eastern Elec Co—■ 80% 1st M 5s 1943 -F&A Ref s f 6s series A 1955—M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A—J&D 1st & ref 5s 1956 Tenn Pow gu 5s 1962 opt--M&N Tennessee Public Service— 1st & ref 5s 1970 -A&O 72 70% 64% 70 74 — . 89 85 76% _ 56% 56% 102 Terre Haute W W Corp— 1st M 6s 1949 ser A.—— 1st M 58 1956- ser B 60 60 104 103 101 99% 10l% 90 Texas Cities Gas 1st 5s '48.-M&N 91" Texas Consumers Water— 1st 6s A 1939 / / / i Texas Electric Service Co— 1st mtge 5s 1960 Texas Gas Util 6s 1945 6 2% 2% "3% 3% 94 93% 26 25% 27" Texas Hydro Elec Corp— 1st mtge 6s ser A 1956-- 73 75% Texas Pow 84% / Corp 6s 1956. 72" Texas Power & Light— J& M&l Deb g 6s 2022 ser A 1st & ref 5b 1956 Texas Pub Serv 1st 5ft 102 (whs) 1961 Texas Traction Co 5s 1937--J&J / Third Avenue By (New "* ork)— 1st ref g 4s 1960 opt aft '14 J&J Adj inc i g 74% 4 30 5s Jan 1960 opt. - A&O / d-d 1 r_ „fQT TJfc-T t 6 Mi 100 103% 77 32 X 7 85 ThirH Ave RR 1st 5s g 37--J&J / Union Ry 1st 5s g 1942.-F&A IF 62 Westchester El 1st 5s g '43-J&J 40 43 Yonkors Ry 1st 5s 1946--A&O Tide Water Power 1st 5s '79-F&A 39 82 >4 Tokyo Elec Light Co (Japan)lst g 6s 1953 series.—J& D15 Toledo Edison 5s 1962..—M&N 84" 61 Toho Electric Power (Japan)— 1st s f 7s 1955 ser A M&S15 63 52 % 53 >4 108 1st 4s new 1942 Traction Term'l Corp 5s '57-- J&J Trenton G & Eljg 5s 1949.-M&S 48" 53 116% 65 Trent'n Pass Ry 1st ext 6s'61 A&O Trenton St Ry ext 5s 1968--J&J 45 J&D 10 1941 Tri-Oounty Telep 4%s B '56 A&O Troy Oty Ry 1st cons 5s *42 A&O 100 F&A 2d 6s 1939 23 Street Ry—See N Y Rys Twin City Rapid Transit Co— 1st lion & ref 5%s A 1952J&D 1st li9n & ref 5 %s B 1952—J&J 1% 3% 59 61 62 >4 63 >4 Guar s f 7s F&A 1952 104% 92 % 92 UJIgawa Elec Power (Japan)lst M s f 7s 1945 M&S15 105>4 100 75 105 3% notes. 1942 J&J Union Elev RR—See N W Elev Union Gas & El lBt ext 5s '40M&S 102 • 105% 102 >4 95 Gas Co. of Canada 1st serial 3 Mis 1937-38 1st serial 4s 1939-42 J&D 97 J&D 100 Union Gas System— 1st M & coll s f 5s 1948—J&D Union Passenger Railway 1st 4s Mar 31 1961 A&O 2d ext 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s '39-J&D Union Ry—See Third Ave Ry 97 *51 95 A.M&N 100 97 101 >4 11 8 116 125" 121 Utica & Mohawk Valley Ry— 1st 4>4s 1941 M&S 5 Utilities Power & Light Corp— Deb g 5 >48 1947 J&D Deb & 1959 F&A Utilities Public Service Co— Conv 6s 1933 J&D Vermont LtgCorp 1st 5s*44 A&O Vesten Elec Ry 7s 1947 J&D 50 50% 5>4 15 55>4 59 >4 105 108% 84 94 78 F&A 106% 100 59 95% 58 99 >4 55 F&A 67 A—A&O 63 HF 101 6 Mi s 1933— United Pub Util Corp— Conv coll tr 6s A I960—-J&J Conv coll tr 5M»s B 1960 J&J United Rys Cos 4% ctfs '49-J&J United Railways of Havana F&A / 76 X 74 >4 27 1st ref 5s 1939 op 1st & gen 5s 1960 9 —* * 4H 50 * 42 44 * Allegheny Traction—See Phila Co Allentown Beth Gas pref 50 Amer Cities Pow & Light el A 25 Class A opt div ser w w 25 75 81 $6 preferred.- Alabama Water Service pref Class B 1 Certificates of deposit Watert'n L&P—See No N Y Util. 10% - 1st 5s 6% preferredAmer Powej 90 Amer Utilities Service 35 40 99 100 118 121 Arizona 109% 106 >4 100% 110 Arkansas Natural Gas Class A non-voting 6 Basis, * 100 common. 22% 4% 28% 23% 49 10% 2 10% % 65 13 140% • ..25 3% * 9 $6 1st preferred * Appalachian El Pow 7% pref --• 6% preferred * 60 Edison com • com Corp. • * Preferred 102% 10 Common 102 94 2% 3% 3% 5% 1 31 70 6% preferred- O.iginal preferred--- 121 >4 $4 preferred $5 preferred $6 preferred $6% preferred 127 101 102 •22 27 % 96 104% 1% 98 105 98 >4 89 M&N M&N J&J 76 >4 104 >4 - * 90 * - ... ... Class A 100 * * - Option warrants Telep Co Ltd $1.25 pf—• Assoc Telep & Teleg $6 pref • $7 1st preferred 100 $4 preferred * * - Atlanta Gas Light 6% pref. Atlantic City Elec $6 pref Bait Transit Co v t C Preferred 91 62 >4 65% 64% 65% Beauharnois Power com * Bell Telephone (Canada) J1... 100 Bell Telep of Pa R % % pref ..100 106 69 67 Sept 25 —J&D M&S 104% 1st 5s series B 1957 Western Utilities Corp— 6% notes 1937 M&N 15-year s f 6s 1952 M&N Westmoreland Wat 5s '52.-J&D 105% Beverly Gas & Elec 25 Birmingham Elec $7 pref * $6 preferred. .....* Birmingham Gas $6 pref * Birmingham Wat Wks 6% pf.100 Blacks tone Val Gas & El pref-100 Blue Ridge Corp—......... 1 105 60 56 59 $3 62 99% 101% conv preferred-.. Boston Edison * 100 Co Boston Elevatod Ry com.. Brazilian Tr Lt & Pow ord Westphalia United El Pr (Germ) J&J / 1st M 5s 1941 opt M&N White Plains Ltg 1st 5s '38—J&J Wichita Water 6s 1949 M&S 1st M 5s 1956 ser B F&A 1st M 5s 1960 ser O M&N Williams port Water Co 1st M 5s Aug 1952 ser A._ -F&A 17 20% 107 >4 Bridgeport Gas Light Bridgeport Hydraulic Co.. Brit Col Pow Corp A Class B 100% 100 * 20 « ♦ Brockton Gas Light Co v t C--25 101% Brooklyn Edison 100 Bklyn Manhat Transit * $6 preferred series A ♦ Bklyn & Queens Transit com...* $6 preferred Brooklyn Union Gas— Buffalo Niagara & East Power— $1.60 prior preferred.. 25 $5 1st pref.. ♦ 105 101% A&O 102% 92 11 k Last sale, n Nominal. s Ex-dividend. 8 3% % 2% 18% 120 105% 95 uF nF 60 51 23 100 112 1% 38% 118 50 11 26 104 ... 42 109 75 71 42 * -.-100 Bangor Hydro Elec com .25 7% p.ere. red .100 6% preferred 100 Baton Rouge Elec Co $6 pf ♦ 105% F 22$ 80 » v t c 6% 4% -100 - 70 1* * - Assoc 107 62% ♦ $7 preferred 24 26 3% 50 Arkansas Pow & Lt $7 pref-----* 6% preferred _• Associated Gas & Elec com 1 Common class A 1 74 Fdg & R E M 4 >4s g '50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 1960 M&S Mut Un 6s e<t at 5%to'4lK&N /Flat price, F 12 Arkansas Missouri Power— f 6s extd 1950 M&N Western Pow (Can) 5s 1949--J&J Western Public Service Co— 1st & ref 5%s 1960 F&A d Called Feb. 1 at 105. * Telep & Teleg.. Amer Wat Wks & Elec 60 A&O f 6s 1953— * — 6% preferred s Wilmington Ry Bridge— 1st 5s 1943 25 Preferred $6 series 100 s 1 com 87 99 M Utility American 75 1st * ♦ * Amer Public Serv pref 100 American Service $3 preferred. _• 92% 83 A _ 90 65 ser & Light com.- $6 p. pferred. $5 preforred. preferred-- 82 >4 5>4s 1955 25 98 J&J 1st M 5%s 1950 1st M 5s 1951 1st 5s series B t950 7% 13% 1% 22% 110% X -.25 Amer Superpower Corp com First $6 107 3% - American Light & Traction. Preferred 75 M&S J&J Bridge 3%-6%s. 1960 West Va Water Service— ♦ —• 96 1st M 3>4s ser I 1966 J&J West Penn Tr 1st 5s 1960—J&D West Phila Pass Ry— 1st ext 3 >4s 1956 A&O 2d extended 1956 M&N West Texas Utilities Co— 1st M 5s 1957 ser A * — 1st $6 preferred 109 Wayne United Gas 6%s '44.J&D Canadian Hydro-Elec— 1st 6s ser A w w 1950 J&J Conv deb 6>4s 1945 J&J West Coast Telep 5s A 1953.J&J West End 8t Ry—See Boston El West Penn Power — 1st M 5s 1963 series E 1st M 4s 1961 series H * com $6 preferred- Amer states J&J 1959 • Amer Gas & Power com 10% Gas & Electric Co— 87 * Warrants 97 21% 2% 115 * Warrants Amer Gas & Elec Washtenaw Gas 1st 5s 1953.. J&J Waterloo Ced Falls & No Rylst Msfg 5s 1940 J&J 57 22 » !7 preferred- 55" 105 57 17 116 105% 105% 53 100 7 second pref series A 6 cum pref [ •No par value — --- $5 preferred 105% 105 118" 117 70 PUBLIC UTILITY STKS. Alabama Power $7 pref 79 J&J J&J 105% 102 73 w w 1960-F&A Washington Gas Lt 5s '60--M&N Refunding 5s 1958 J&J Wash Ry & El g 4s 1951 J&D Anacost & Pot 5s 1949 A&O 1st guar 58 1949 A&O Washington Water Power Co— 134% J&D 58% 107 54 65 54 F&A 99% 70 41 70 IIH 76 Yadkin River Pow 1st 5s *41 A&O Yonkers Ry—See Third Ave Ry (Pa) Gas 1st 5s 1941 .M&N York Haven Wat&P 1st, 5s'51 J&D York Rys 1st M r 5s '37opt. J&D 52 1948 93% 60 70 39 g 92 91% 93 M&N City & Sub 5s 106% 107% 19 Amer & Foreign Pow com 109 105% 104% 114 60 57 53 102% Cum income 6s (ws) 1952-J&D Wyoming Vail P S 6s 1971--A&O Amer Dis Tel of N J com Preferred 105% 107 X 86 100% 42 58 115 102 84 103 96 1st M 5s 1955 1st lien & ref 6s 100 40 56 Wheeling (W Va) Electric Co IX M&N 93 f 5%s 1947 1st M 5%s 1953 s 58 134 5s F&A J&J Washington Gas & El Co— ?f 65 101 84% 92 >4 M&S 104% 59% 44% 58% 1st mtge 4s 1961 J&D Wolverine Pow adj 4 %s Mar 1 '59 Worcester St Ry 5s A 1947-J&D Worcester Transit Association— Sum income 6s 1952 J&D 86% 81 Virginian Power 1st 5s 1942. J&D Wabash Telephone— 1st M 4%s A 1956 J&J Warren Ohio Telep 6s 1942.M&N 1st 106 M Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D 4s serial deb June 1 1938-1946Wisconsin Public Service Corp— 19% Western United Gas & Elec Co— 102 Hydro-Elec Co— 1947 A&O Wisconsin Michigan Power Co— 1st mtge 3%s 1961 J&J Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt '19 M&N Gen & ref 7s 1947 J&J 1st 5s stamped 1937 108 Ask 103% Wisconsin York Virginia Electric & Power— 1st & ref M 4s ser A 1955.M&N Virginia Public Service Co— 1st & ref 5%s 1946 ser A—F&A 1st & ref 5s 1950 ser B J&D 1st & ref 6s ser C 1952.. Deb s f 6s 1946 50% 50 Western States Util 6s A '45.A&O Western Union Telegraph— 90 J&J Un Lt Rys(Det) deb 5%s.52 United Public Service Co— 80 Western N Y Water Co— 96 Lt&Rys(Me)6s A'52 A&O Deb 6s 1973 71% 82% 82% 82 J&J J&J 6s 1954 Wise Fuel & Lt 1st 5s 1948..M&N Wisconsin Gas & Electric— 1st mtge 3%s 1966 A&O 1st & ref 8s 1944 68 Deb 6s May 1 2022 M&N 1st lien gen M 5s 1944—F&A 1st lien & gen M 4 %s 1944-F&A Utica Belt Line Street Ry— 1st 5s 1939 M&N Utica El L & P 1st 5s 1950-— J&J Utica G & El ref & ext 5s '57 J&J 3 X % coup notes 1946 J& D Western N Y Utilities 5s *46. J&D 114% Debg 6 >4sl974 M&N 1st 1 & consol 5%s 1959--A&0 Deb g 6s 1975 M&N Eg 7 >4s Feb 15 1936 21 65 15 United Gas & Fuel (Hamilton) 1st s f 5 Ms 1948 J&J United Ilium Co New Haven 1st 4s Feb 1 1940 F&A United Light & Power Co— Coll tr 6s 1942 ser 18 Deb Unit Elec Co of N J 4s '49- J&D United Eiec Rys (Providence)— Gen ref M 5s Jan 1951 ser A Gen ref M 4s Jan 1951 ser B— United Elec Serv (Italy)Extl 1st s f 7s 1956 ser A-.J&D United Unit Trac (Pgh)—See Phila Co Unterelbe Power & Light Co— Sink fd M 6s 1953 A&O / Utah Lt & Tr 1st 5s 1944 A—A&O Utah Power & Light Co— 68 M&S 15 ser 5%s 1942 6 55 60 Union Water Wks Co— lien 3 Western Oont Util 6s 1944..M&S Western Lt & Telep 5s 1954.A&O Western Mass Cos— 100% Union Traction—See Phila R T Union Water Service Co— 1st -J&D / - Gen mtge 3>4s gtd 1967—J&J Westchester Serv Corp 6s '48 A&O 4s 1948-1953 A&O 97 1st serial 4 %s 1943-45-—J&D 1st 4 %s 1950 J&D First lien 5%s 98% 101 West Virginia Ohio River J&J Union 66 1st mtge 4s 1961 A&O Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s *50.-J&D Union Elec Co of Missouri— 1st mtge & coll tr 3%s 1962 97 West End Trac—See Phila Co West Ohio Gas 6s A 1954 J&D / West Penn Elec deb 5s 2030.A&O 100>4 Twin States Gas & Electric— 1st 1 & ref 5 >48 1945 Ser A.M&S Tyrol Hydro-Elec Pow Co— 1st M b f 7^8 1955 M&N 66 West 101 >4 Troy Gas Co 1st 5s 1939--M&N 28 85 United Telep Del 6s A 1948 A&O United Tel & Tel 5>4s A '53.M&N 1st lien 6s ser B 1953 M&N United Traction (Albany)— lOO" Waukesha . General 6s United Securities Co— Coll s f 5%s ser A 1952—M&N Coll s f 5>4s ser B 1952—M&N Gen 4-58 series A 1965— Gen Inc 4-5s ser B 1965 27% 25% 27 65% 65% J&J / City & Sub Pub Serv 5s '34.J&J / Con g 4 >48 2004 Bid Bonds Askv Winnipeg Elec 1st 4%s 1960-J&J United Rys of St Louis— Gen g 4s July 1 1934 1st 97 Bid Bonds 33 33 5 4% 5% 4% 125 9% 25% 1% 7% 10 27 2 16 8 17 21% 21% 98 99 Feb., 1938J PUBLIC Quotation* for all securities Stocks Cable A Par £1 dep rets 5X% pre"*.—£1 l'A 6% preferred series of 1927 100 6% preferred -—..100 Calif Water Serv 8% pref 100 Canada Nor Pow com Canadian Marconi ---1 Capital Transit (Wash. DO) 100 Carolina Pow A Light $7 pref — * $6 preferred. * - Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com 1 6% preferred 60 Cent Hud G & El com.... * 4 % % preferred 100 Cent Illinois Light 4H% pref.100 Cent 111 Pub Serv $6 pref. Cent Indiana Gas 6)4% pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow $6 pref—100 $7 preferred ..100 5 IS' !!* 18)4 5% preferred 80 73 81 90c 12 104 47)4 80 6% preferred "1)4 "154 30 32 95)4 96 IX 154 %> 1454 X 11X 7 12 8 5 5)4 4)4 6)4 5 98 99 X 2 254 Chester Water 8erv 6)4% pref..* Chic City Sc Con com part ctb-.* 96 Pref partic ctfe_. 99 X -* X "X Series 2..................100 Series 3 100 X X 86ri68 4 mm m• Preferred.. "2" 99" 100 Essex Sc Hudson Gas... 79 154 28)4 25* 23)4 IVs 29 H 28 28 10 Preferred BB ....100 Cities serv Pr Sc Lt $6 pref * 7% preferred 100 Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co Citizens Utilities com... ....1 Cleve Elec Ilium common......* $4.60 preferred Cleveland * Railway 100 Co Gas Sc El 1st pref.. 100 Colum G & El Corp (Del) com.. * Coast 6% preferred series A 5% preferred 5% conv preferred Columbus 100 100 100 Commonwealth Edison Co....26 Commonwealth Gas.......... (Jouitnouwealth & Sou 4)4 3)4 28 IX 31)4 108 X 30 11 13 Federal Light Sc Tr com Preferred ($6) 16 70 10)4 73 IX * 73 X 60 63 55 59 70 Gen Public Service Corp 106)4 98 2354 15$ IX IX 34 19 26 21)4 22 1 ^ X 26 112 Connecticut * 52 54 100 113 115 Connecticut Power...........25 Connecticut Ry & Lighting... 100 42 Market St Ry(San 50 Gen Telep Allied Corp $6 pref..* Gen Wat Gas Sc Elec com A 1 85 88 $3 preferred t Georgia Power $6 preferred $5 preferred.. Germantown 8 5 5% preferred series A 100 Cons Edison Co of NY com....* $5 preferred Consolidated Gas Utilities com.l (Reading)....25 Consun.ers Gas (Toronto) 100 Consumers Power $5 pref....—* $4.50 preferred ..* — 64 115)4 22 X 91 93 54 X 23 100 Cuban Telephone pref 100 Cumberland Gas com........ 1 Cumberland Co (Maine) < Power & Lt 6% pref.......100 6)4% preferred R pref 75 100 100 100 Duluth Superior Transit com ..* Duquesae Nat Gas common .* $4 preferred ~ $5 preferred _+ Duquesne Light—See Phila Oo— East Coast Public Service v t c.'.l Eastern Gas & Fuel Assoc's com * 6% preferred 100 4)4% Prior preferred 100 Eastern Mass St Ry com 100 6% 1st pref stamped 100 6% pref B stock 100 5% adjustment stock 100 25% 32 34 50 51 5c 10c 2)4 254 54 X 56 X 29 25 27 25 Ry 8% 2b 42 6% preferred Haverhill Elec Co 25 44 X X 1 100 com 31 X IX 32 X Hestonville M & F—See PhilaK'l Holyoke Water Power 100 80 * Preferred 235 9X 245 11 50 Hudson County Gas 100 180 1)4 Idaho Power 100 108)4 110)4 6% 1st 111 Co Commercial Telep $6 pref... * Illinois Iowa Power common ...* 101 104 1)4 H 78 80 3 4 40 1 106 7% pref.. Middle West Warrants Corp Middle West $6 Without par value, ..6 com ..* Convertible pref A.. * Midland Util 7% prior lien.. 100 6% prior lien 100 7% preferred class A .100 6% preferred class A 100 Milw Elec Ry Sc Light— 6% pref series 1921 ...—100 Minnesota Pow Sc Lt 7% pref 100 $6 cum preferred -.100 Mississippi Power $6 pref * $7 preferred * Miss Power A Light 6% pref—* Mississippi Riv Pow 6% pref-100 Mississippi Valley Utilities * Missouri Pow & Lt $6 pref * 22 23 96 31 10X 15 Indiana & Michigan Elec— 93 X 61 97 7% preferred. 65)4 Indiana General 50 "~% 8 11 5 6)4 4 H 254 27)4 49 X 85c 16 5 6% preferred .100 Indiana Hydro Elec 7% pref.100 Indiana Service Co 6% pref. .100 7% preferred 100 Indianapolis Power & Light— 6% preferred 100 7 6)4% preferred 100 Indianapolis Ry Co v t c 100 Interboro Rapid Transit.....100 Internat Hydro-El Syst A 25 Conv pref $3.50 series 50 SH IX Montreal 101)4 48 50 11 15 Telegraph Montreal Tramways com Mountain Fuel Supply 12 15 Mountain 4 4)4 5)4 12 88)4 6 4)4 554 13)4 Nov Warrants Internat Ocean Teleg iguar)_.100 70 k Last sale, n Nominal, r Canadian price, z Ex-dividend. 10 100 —.100 * 75 19 40 100 ..10 States Power com—* 7% preferred 85 87)4 com Montana Power 6% pref Montreal L H & Pow Cons—._* 107 Service— 1 X 5% preferred 6% preferred ..100 * co m Montana Dakota Utilities 52" IX 3X 47)4 47 98)4 54 4)4 54 * 50 ... 1 23 * Ilium Sc Power Secur 1st pref. 100 illuminating Shares class A 3 14)4 xx 16 ... Utilities preferred series A Midland United com conv Monongahela L Sc P—See PhilaCo Monongahpla St Ry—See PhilaCo Monon-West Penn P S 7% pref 25 1 IX 3)4 7)4 IX 14 preferred 105 13 X 27 7 101 7% prior 103 104)4 6)4 Mexican Northern Ry com...100 Preferred ..........100 Missouri Pub Service 5 4)4 14 55 10654 Arrears certificates 3)4 80 ,21 68 105 100 75 ♦ 100 98 14)4 96 102 .....* * 14 5% Preferred 12 43 * $5 cum preferred $6 preferred series O $6 prior preferred "I X 3)4 154 54 i 94 76)4 66 44 47 54)4 105 80c 85 3 ' 23% 4% — mm 5X 51 53 61 63 90 91% 29% 55 80 6 rnmmm 100 15 Mountain States Tel A Tel--100 Montana Power 6% pref * Municipal Service 6% pref 100 Nassau Sc Suffolk 7% pref luO National City Lines com 1 120 $3 conv preferred 60 National Gas & Elec com 10 National Power & Light com.. 33 $6 preferred * t c-.l v partic preferred—50 Memphis Natural Gas * Memphis Power Sc Light $7 pf- * $6 preferred • Metropolitan Edison Co— conv 50 10|)4 $7 junior preferred Illinois Power Sc Light— $6 preferred Duke Power 25 50 112 Detroit Edison 78 r t c.. 6% preferred * Dayton Pow & Lt 4)4% pref.100 Denver Tramway com.. * * .* 85)4 76 8 common Illinois North Utilities 6% pf Derby Gas & Elec $7 pref Detroit & Canada Tunnel 84 r Hartford Electric Light Hartford Gas com 113 100 62 100 Dallas Power & Light 7 % pref 100 Preferred 24 60 25 70 21 25 v 77" 65 100 * * * Hamilton Gas common 5% T Dref...* Houston Natural Gas com Contlnen Pass Ry—See Phila R T Orescent Public Service com....l Mass Utilities Associates 70 7% pref class A 9654 86)4 * 100 Hackensack Water 25 192 95)4 84)4 * Warrants 80 Preferred 190 $2 Preferred 52 Phila KT Hamilton Bridge Preferred Havana Elec C8 25 Pow Corp $6 Harrisburg Rys Common with warrants Common without warrants...* 65 * $5.50 pref 66 114)4 21X Green Mt Gulf States Util $6 Continental Gas & Electric— 7% prior preferred Pass—See Francisco). 100 6% preferred 100 6% prior preferred 100 6% non-cum 2d preferred.. 100 Mass Power Sc Light Associat'n 27 — Gas $1.25 pref Greenwich Wat Sc Gas 6% pf Cons True of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co Consumers Gas 54 100 6)4 28)4 5)4 Greenwich IX 9X 654 c54 ..100 100 13 44 1 guar Modified 5% guar 50 Gold & Stock Telep (guar) Green & Coates—See Phila 51" Railway 7% 21 2 1154 40)4 20 Gloucester Elec Lt Co 37 X X 10' 45 Telephone Corp com $3 conv preferred- 32 35 X X 16 * %_preferred 75" 113 12)4 5 59 105 11)4 Gen 13)4 23)4 KM * 20 10 100 Marcon lnt Marine Commun'y— Amer dep rets for ord shs £1 General Pub Util common 154 Jan. 43 33 24 33 83 Preferred 10' Lowell Electric Light i Luzerne Oo Gas A El $6 pref.l' 0 7% preterreu 1 0 Manhattan 28 1)4 25 IX 37)4 Louisv Gas A Elec com cl A.. Maiden Electric Co. Maiden Sc Melrose Gas Lt 25 55)4 754 Lynn Gas A Elec Co. ...2. Mackay Companies 4% pref.. 101 Warrants 32^ Oonsol Elec Sc Gas $6 pref......* Cons Gas E L & P (Bait) * 45 99 104 112 44 99 23 X 45 81 36 100 6% preferred7% preferred. Louisville Railway Co 81)4 1)4 37 1 53 71 65 97 * * $6 preferred 105 X 21 39 8)4 Gen Italian Edison Elec Corp— Amer shs for ordinary stock.. 60 Lexington Util 6)4% pref Lexington Wat Serv nref 6)4% preferred 10' Long Island Lighting com 7% preferred A ...KM 6% preferred B__ 10' Louisiana Power & Light $6 pf." 80 • )4 33 )4 130 93* Lone Star Gas Corp " r 100 2 36 254 r 108)4 Lawrence Gas Sc Elec Lt 38 102 33 Light— Light & Pow Securities Co Preferred. 2 5% preferred... 100 (Del) com A * 6% prior preferred * $6 cum conv pref ser A * $6 conv pref ser B * $7 preferred.... * $8 preferred * 68 X 22)4 120 * 30 X 104)4 7)4 JX 22 2)4 88 36 )4 118)4 6% preferred 100 7% preferred 100 Kentueky Utilities 6% pref.. 10 7% junior preferred 50 Keystone Pud Serv #2.80 pref Keystone Telephone $4 pref...50 Kings Co Ltg 7 % pref 1 U» 5% preferred 101 Laclede Gas Light i. 10' 5% preferred 10( 25 100 82)4 * 36 100 Gatineau Power com 82 • 22 Gen Gas Sc Elec 48 ... 21* * 7X 103 X * 154 32 Power Sc Lt $7 pref * 98 Foreign Light Sc Power units...* Frankf'd & S'thwark—see Phila R. T. 35 Franklin Telegraph (guar)... 100 125 Gardner Elec Light common. 100 33 109 Common.. .....* Conn Gas Sc Coke Sec pref * Common .__.* 4)4% preferred J* T. 25 Gas Utilities Co 20 X Light Sc Power 5)4% preferred—.... R. 55 * 49 * Pub Serv $6 pref Kansas Power Sc 7)4 6)4 X 43 102 1st pref $6 series B Kansas City Pub Serv Kansas Elec Pow 6% pref.... 10< Kansas Gas & Elec 7% pref 10' 6% preferred 10 180 Gary Elec Sc Gas common * Gas Sc Elec of Bergen County. 100 20 100 62 2)4 9 19 100 66 l?A 30 hi Jan. 22 23 )4 25)4 4 4)4 100 52 4 43 Co. 7% preferred Pow & Lt 7% pref wa 4)4 45)4 49)4 4 ^ * .... 13 * * $6 preferred 6% preferred 100 5)4% preferred ..10' Kansas City Power & Light — 50 Preferred 35 Community Pub Serv com....25 * 24 21 Light k * 65 63 % 8J4 26 * Italian 3uperpo er common A..* Jamaica Pub Service Ltd * Preferred 100 Jamaica Water Supp 7 )4 % pf.. 50 Jersey Cent Pow & Lt 7% pf 100 33 Dec 22 Florida Corp com * Optional warrants.......... $6 preferred Community Pow Sc Lt com.....* First preferred 6% -.100 Community Water Serv com 7% preferred <'oncord Elec Co 6% pref 23 $7~preferred * 454 Fitcfibnrg Gas Sc Elec Light..50 Delaware Sc Marion— 7% preferred 100 Columbus Sc Southern Ohio Elec 6% preferred A —........100 6)4% preferred B 100 25 Phila. Fairm't Pk Sc Hadd Pass Ry—Set 34 100 38 31 34 25 10 $6 preferred $6)4 preferred 76 ... 31 27 100 European Elec class A Option warrants.. 82 Cincinnati Street Ry ...60 Cincin ot Suburb Bell Telep 60 Cities service com........ * Preferred B 29 -— 94 74 Inferred 57 Federal Water Service com A. 100 .............. 53 8 * 1 * Iowa Southern Util 7% pref.. 100 6% preferred* 100 210 .....25 6 % 6 *4 % preferred $. preferred 56 200 54 6 * Investors Telephone com * Iowa Electric 6)4s pref 100 Iowa El Lt & Pow 6% pref.. 100 .va 4)4 30c 35 100 $1.75 preferred $3.50 prior preferred Warrants series of 1940 Interstate Natural Gas Io 106 46 : r International Utilities A Class B 18)4 102 100 .... r com.. * Units International Ry vtc International Telep Sc Teleg 88 17)4 Engineers Pub Serv com -.1 $5 convertible preferred * $5)4 pref (with warrants) * $6 preferred * Essex Company ..........50 Federal Power Sc Light com—50 Fed St Sc Pleasant Val—See Phila *100 Cincinnati Gaa & Elec 5% pf 100 Cincinnati Gas Transp 100 Cine New As Cov Lt Sc Trac—100 85 Fall River Gas Works 1—100 ser — Empire Sc Bay State Teleg—100 Empire District Elec 6% pf-_100 Empire Gas Sc Fuel Co pf 8%. 100 Preferred 7% 100 6)4% preferred 100 6% preferred 100 Empire Power Corp partic stk..* $6 preferred * Empire Telephone com * Fall River Elec 1 Chic Dist Elec Generat $6 pref.* Chicago Rys partic ctfs 3)4 ... Preferred... 27)4 2554 3)4 24 Internat Power Securities Bid * Interstate Power pref $7 32 30)4 2554 ... C........6 v t 9)4 —100 com 50 Preferred 42-. 50 Eliz Consolidated Gas 100 15 Central States Eiec Corp 3 9 Proferred Eliz & Trenton RR 7i 82 7)4 254 El Paso Electric Co ,4 45 3 Preferred series A 7%-----100 El Paso Nat Gas com.—...3 76 50 41 2% 104)4 48)4 74 13 69 7)4 48)4 Par Foreign share ctfs 1 * * * * Optional warrants (Del) 20 1 12)4 108)4 107)4 A* 20 it* * * 2d pref series A 26 76 West Co. 5 $7 preferred $6 preferred l.Io" 24)4 87 57 * 4 Elec Power & Light Corp.. 53 ... 24 1)4 Electric Bond & Share...—...* 70 72 1 7% preferred ........100 Conv preferred........—-100 Conv preferred ser of 1929--100 6% cum pf (without warr)..100 Central States Pow & L $7 pf--* Cent Vermont Pub Serv 6% pf.* 22 * 77 8)4 85 preferred...——* 65 $6 preferred $5 preferred Elec Power Association.... Class A full paid 1 100 Cent & S W Util com........60c Preferred.... 62 Conv stock 62 Stocks International Power Co.. 1st preferred 68 Eastern Util Assoc com 61 79 Ask 65 * $7 preferred series A..... $6 preferred series B— 5)4 58 Cent Ohio Lt Sc Pow 6% pf * Central Pow Sc Light 7% pref 100 Central Bid 100 * * * 6% preferred Central N Y Power Corp— Central States Edison Par Eastern States Corp com 15c Calif-Oregon Power Co— lien STOCKS East Shore Pub Serv 6)4 % pf 100 Amer dep rec 7%% A ord._£l Prior UTILITY possible for the closing day of the month preceding the date of issue Stocks Ask Wireless Ltd— Anier dep rec B ord Amur Bid are as near as 89 154 16 % 8)4 3 6)4 50)4 30 60% — — - — 6X 2 80 PUBLIC Quotations for all securities Par Stocks Nebraska Power 7% 1st 6% pref 100 preferred.............100 Nevada-Calif Electric coin....100 Preferred —..200 Newark Consolidated Gas....100 New Brunswick Ught— Heat A Power— J 00 New Eng Gas A Elec Assn— Bid Ask 110 105 7 52 # 120 are as near as 112 107 10 54 18 com.......* 12 51 20 15 54 16 123 125 $6 preferred $0 prior pref New England Tel & New England Water * * Tel..—100 Light A J* Power Assn 6% pre* 100 New Haven Water ..50 N J A Hud Riv Ry A Per pref 100 New Jersey Pow A Lt |6 pref—.* . Common class B._ 30 11 10 28 100 9 '26 90 88 *74# 76# —* 50 * 50 50 Traction Consolidated Trac pref 50 Duquesne Light 5% 1st preflOO Federal St APleasant Val—25 Monongahela Lt & Pow 50 Monongahela St Ry --50 Phila A Darby—See Phila R T Phila A Grays—See Phila R T Philadelphia Elec Co com * $5 preferred Phila Elec Power 8% pref ♦ 25 101" 100 -—50 33 34" 7% proforrodNew Rocheile Water 7% pref 100 52"" 53# 8 11 Frandf'd A Southwark Pass-50 N 17 22# B# 25 23 10 92 93# Germantown Passenger...-50 Green A Ooates Sts ($15 pd) 50 Hestonville M A F com....50 Preferred 50 * Y Mutual Telegraph 25 N Y City Omnibus common....* Option warrants .......... N YPow A Lt Corp $6 pref * 7% preferred ...—100 N Y & Richmond Gas 6% preflOO N Y & Queens El L A Pow— Common. * 5% preferred ..... 100 ......— New York Steam Co— Common * $7 preferred series A ' $6 preferred.. .......* N Y Water Serv 6% pref—-100 100 25 23 120 100 31 36 100 95 17 It* 15 Niagara Hudson Power..——-10 1st pref $5 series ......100 2d pref 5% series 100 74 66 Class A option warrants—..... Class B option warrants......North American Co com.......* 18# 6% preferred .......50 North Amer Edison $6 pref....* North Amer Light & Pow 1 $6 preferred ....—--* New Amer Utility Sec.. ..* Nor Bost Ltg Prop com... ,.* Preferred100 Northeastern Wat A Elec com..* Preferred. * Nor Indiana Pub Ser 6% pref 100 7% preferred -100 7% i* 100 5#% preferred 25 Northern N Y Util pref Nor States Power (Gel) cl A -100 .100 7% preferred — 100 6% preferred.. ........100 (Minn) $5 series cum pref * Northern Texas Elec 6% pref.100 Northwest Electric 7% pref-*>100 North West Util 7% pref—-100 7% prior lien 100 N'western Pub Serv 6% pref-100 7% preferred. 100 Northwestern Telegraph 60 NY PA NJ Utilities $3 pref * Ohio Edison SO pref. * * Ohio Elec Power 6% pref 100 7% preferred 100 Ohio Power 6% pref— 100 Ohio Public Service 5% pref-100 5#% 1st preferred.... ..100 6% preferred .........100 yo preferred —...100 Ohio Service Holding com ..1 5% preferred 5 Ohio valley Gas com 1 $7 preferred com; * Oklahoma Gas A Elec 7% preflOO Ohio Water Service A 51# 91# 93# q s 13 I* 39 65 75 41 It* If* 89 90 62* a*H 64 22 14 36 47 50 30 37 43 111 ,95# 103 46 47 non-voting 92 9 26 91 6 100 .100 57 85 101 18 26 30# 27# 36# 102# 56# 49 6% preferred -.100 Paterson A Passaic Gas & El..100 Pecos Valley Pow & Lt com * Peninsular Telep Co com——.* Preferred 100 Penn Edison Co $2.80 pref ....* $5 preferred * Penn-Ohio 54# 5 5# 16# 16# 115# 136# 140 120 125 10 20 21 23 112 109 24 44 116 27 46 Warrants 2# Pennsylvania Gas common.....* Penna Gas A Elec Corp $7 pref..* Partic class A stock.........* Penna Gas A Elec Co 7% pref.100 Pennsylvania Power 6% pref.100 6.60% preferred ...100 Pennsylvania Pow A Lt $7 pref.* $6 preferred-. ... ..* $5 preferred * Pennsylvania State Water, pref.* Pennsylvania Water A Pow * People'* G L A O (Chic).. 100 14* 4 ii* 9 13 66 8 68 20 98 MB# 86 80 11* 11 24 * 7% preferred-. 100 Public Serv El A G $5 pref * Puget Sound Pr A Lt $6 pref - *• $5 prior preferred ...* _* Borough G A E 6% pf 100 Amer * $5 preferred B ...——* $3.50 conv 1st pref * Rapid Transit Ry—See P 8 Corp Republic Nat Gas com 1 Rhine-Westphalia Elec Pow— Amer shares representing com. Rhode Isld Pub Serv $2 pref.—* Class A Ridge Ave 32# 30* 25 30 Tampa Elec Co.— 10 2 5 16 25 8 30 25 25 17 30 30 25 2 31 31 103 107 96 42 122 ^tedUghtA Ry 82 91 „ 28 29 16 17# 37# 45# 100 7% prior preferred 100 6% prior preferred 100 Savannah El A Pow 6% pref-100 Scranton Electric $6 pref ..* Scranton-Spring Brook Water Service 6% pref * * Seattle Gas common 1st $5 preferred 100 2d $5 preferred * Second Ave RR Cop (N Y) * 2d A 3d Sts Ry—See Phila R T Shawinigan Water A Power * Sioux City Gas A El $7 pref-100 Sierra Pac Elec 6% pref .100 Sierra Pacific Pow common * Preferred.. ........—100 South Amer Utilities com .—50c $4 preferred 60 pref.* South Carolina Power 6% * 3# 105 99 2# 3# 18# 100 1H "l II"* $3 preferred Ii .* Script- 38 .100 % .......* * 31 35 referred, ower A Light— 7 preferred f6 preferred 8# ... Utica Gas A Elec 7% pref 32 100 $6 preferred Utilities Power A Lt cl A % Non-voting * ....1 common Class B l 1 ............ 107 7% cum pref 100 Virginia Elec A Power— $6 preferred » Virginia Pub Serv 7% pref—100 6% preferred ———100 Washington (D O) Gas -....* Wash (D O) Gas Lt pref.......* Wash Gas A Elec 7% pref....100 Wash (D O) Ry A El com. 100 Preferred 100 Washington Wat Pow 6% pref..* 109 West Penn Elec Co class A- 15# ... 98 84 96 .... 9 8# 108 .... 6c .... 80c 105 107 ... 112 7% 6% 103 104# 70 .... 111 West Va Ohio River Common 17 # 5# 1# 6# 4# 19# 87# 98# 9# 98 1# 12 58 20c 5c 82# 91 86# 120# 113 68# 1 10 85 92c 21 27 "1111* 1 Preferred Western Massachusetts Cos Western N Y Water pref Western Union Telegraph.. 25 * 2 * Westmoreland Water pref.. 100 * Wheeling Elec 6% pref 100 Zi* 97 109 Williamsport Water pref.......* Winnipeg Elec class A...—* 2 10 "E * Preferred 3# 96 600 ........* West Va Water Serv pref Western Lt & Tel com 19# 96# 8# 21 96# Bridge- .... 2 85 61 preferred 6% preferred 100 West Phila Pass—See Phila R T West Texas Utilities $6 pref.....* . 15 cum —100 cum preferred—. 100 West Penn Power 7% pref....100 118 40c Class B ................ * Preferred 100 Wisconsin Pow A Lt 6% pref.100 60 ... 15c — 25 15" 20# 24# 27 36 25" -.100 Wisconsin Pub Ser Corp 7% pflOO 6#% preferred 100 Wisconsin Telep 7% pref100 Wolverine Power Co.—... 6 Nominal, 29 Worcester Trans Assoc ... York (Pa) Railways pref. York Water Co ' 12# 1# 53 * .50 30 13 3# 57 r Canadian 1*0* 65" ... 21 25# 27# .......... ...25 n 35* 7% preferred 5# % preferred series O 25 6% preferred series B.......25 Orlsdnal preferred-.........25 k Last sale, 42 73# United Tel A Elec 6% pref...100 3# South Calif Edison common—.25 t Called for redemption Feb. 1. 2# "l 100 7% preferred. $2.75 preferred 46# . 8 * Class B common......... el* 6# 30# 14# United Public Service Corp.. 1 United Pub Util com A .—....* 12# 55 J* 39 107 105 pref—.100 6.36% preferred 112 36# 6# 82# —.100 $5 preferred "~ * United 111 Co of New Haven....* United Lt A FT com A........ * Common B _♦ 6% cum 1st pref .III* 70# 70# 80 94 —* United Gas Improvement. 185"" 90 112 102# United Gas A Elec (Conn) com.* 7% preferred—.— 100 United Gas Corp com 1 $7 pref series A II* Warrants 93 31# 136 93 1# 48 ..... 103 104 90 100 Rapid Transit 7% preferred— 102# 24# 14# 30# 134# 115# 100 100 7% preferred 100 6% preferred 100 Union Gas (Canada) * Union Gas System com * Preferred"50 Union Pass—See Phila RT Union Traction—See Phila R T United Corp $3 cum preferred —II* Warrants 105 100# 24 2 10 100# Union Electric Co of Missouri— Joaquin Lt A Power— 6% preferred series A Twin City 14# 13# 101* oZ* 89 10c 104 si* 7?* 41 35 95 * _ XUH 82 110 Southern Canada Power——* value, Tidewater Power 6% pref Toledo-Edison pref A 7% 6% preferred5% preferred 27 4] 3J 100 107 «S# 47 _ 85 97 105 112 100 Southern Col Pow com A——25 Preferred 100 Without par Texas Hydro Elec common——* $3.50 preferred * Texas Power A Lt 7% pref— .100 6% preferred-. * Third Avenue Ry (N Y) 100 13th A 15th Sts—See Phila R T 25 1# 28 47 Ry..".*.._>_. 2# 18 96 * 1st preferred (6%)— 100 5% cum 1st preferred 100 Terre Haute Elec 6 % pref- „. -100 Texas Electric 100 Texas Elec Service $6 pref- -___*' Texas Gas Util com 1 iS 6 25 92 111# Tennessee Ei p 1st pref (7%)-100 7.2% 1st preferred 100 3# 3 si* m 2 price, t New stock. % 7# 15 * _ 17 96 8% preferred B I" ll* 1# --..1 45 100 100 ..* * * — 12 30 55 7% preferied * 12 I* Southern Calif Gas Co— * Class f# 3# 17# 7# 14# * 6 36 50 50 San Antonio Pub Serv 7% pf-100 A Elec com prior pref-. 45 17 Riverside Traction Preferred Rochester Gas A Electric— Roch Telep $6# pref———lOu Rockland Light A Power—...10 St Louis County Water pref—100 St Louis Pub Serv common * cum t4 cum preferred 30# 35* 70 75 92 * Preferred " * Superior Wat Lt A Pow 7% pfldo Swiss American Elec pref100 Syracuse Ltg 6% pref— >100 6#% preferred —.100 Tacony-Palmyra Bridge— 5% conv preferred —.100 1 6% preferred series O 6% preferred series D 5% preferred series E j 0 cum prior pref standard Pow A Lt com 31# 115 RT Common Southeastern Pow A Lt— Warrants-. Southern A Atlantic Teleg 31# 30 114 80 Pass^-See Phila 102# 86# 91 68 Standard Gas 24" $7 Rio Grande Valley Gas v t c Southeastern Gas A Water A—* 83 73 10 at* 20 38 Common U Springfield City Water 6% pf 100 Springfield Gas A Elec pref Springfield Gas Lt Co 25 Springfd (Mass) St Ry Cos pf 100 114 120 180 100 87 66 Preferred 9 113# Rapid Transit St Ry Co.—100 So Jersey Gas A Elec Trac. .100 Public Serv Co of Nor HI. 60 2 98 39 23" Consolidated Trac of N J—100 San Edison— Warrants B... Penn Western Gas & El com-..12 7% preferred 6% preferred $5 preferred 1# 22# 27# 35# * * 100 100 100 * $5 preferred 37 25# pref—* * Public Serv Corp of N J 8% preferred.. 37 30 100 $6 preferred- 1# 21# 13 100 Public Serv of Ind $7 prior 35 53 100 0% preferred.. ueens 85 pref preferred adio Corp of 102 ..* 5# % 92 8# liH 12 19 25 3 Power Corp of Canada com * Providence Gas * Public Elec Light pref 100 Public Serv of Colo 7% pref—100 9# 4# 144 122 13 31 . 63# Portland Elec Pow 6% pref...100 7% prior preferred 100 Portland Gas A Coke 7% pref 100 Portland Gas Light 50 Postal Teleg A Cable 7% pref 100 Potomac Edison Co 6% pref-.100 83 • Southwestern G A E 7% pref-100 Southwestern Lt A Pr com A * 70 55 80 100 * —— .... 34 * 7% preferred common i 'referred 25 So Jer G El & Tr—See P S Corp Southwestern Bell Tel pref.-.100 Southwest Cons Gas Util com— 1 Southwest Gas (Okla) 7% preflOO 94 84 101 58 B Southern New Eng Telep >.100 Southern Union Gas com_— * 97 -.100 82 ....* 1st preferred .....—.* Pacific Telep A Tel eg100 Pitts Suburban Wat pref Plalnfield Union Water 90 98 32 99 53 Class Phila Traction—See Phila R T 80 82 Pacific Public Service— Common PhilaCityPass Ry ($22 # pd)-50 Phila A Darby Pass Ry 50 Phil A Gray's Fy ($25 pd)—50 Philadelphia Traction —50 Ridge Ave Pass ($28 pd)—50 2d A 3d Sts Ry guar 50 13th A 15th Sts Pass Ry——50 Union Pass ($30 5-6 pd) 50 Union Traction ($17# pd)-50 West Phila Pass guar 50 uebec Power common §8* 52 . Public Serv of Okla 6% pref--100 12 94# 101 42 . Public Serv Co of N H $6 pref—* 10# 89 pref 60 38# 92* 25 0% preferred o 10 72 58 it—50 Philadelphia Rapid 7% 50 preferred— Citizens Passenger guar 50 Gontinen Pass Ry ($29 pd).50 Fairm't Pk A Haddington. .50 Potomac Elec Pow 6% 38 53 .....100 15 Preferred ($6) Pacific Pow A Lt 7% ol* 37 35 50 $3 preferred 50 6% conv preferred .....100 Omaha A Council Bluffs Railway A Bridge 4% cum pref iOO Oregon Wash Water pref * Ottawa Light Heat A Pow.—100 Preferred.. 100 Pacific & Atlantic Tel (gu)----25 Pacific Gas A Electric——25 1st preferred (6%) 25 1st preferred (5#%)—....26 Pacific Lighting Corp com .* 6% preferred OldaNat Gas Corp com s 51 -——— Northern Liberties Gas 7 Jan. ! Jan. 13 4.80% cum preferred......100 Southern Nat Gas class A com--* 8# 53 6# 6 Philadelphia Co com $5 preferred 6% cum preferred $0 cum pref Allegheny Traction 96 New Orleans Pub. Serv com 2 _ 99"" 4 Southern Indiana G A E- 43c 33c Bid Par 2# 1# 1# 25 .... New Jersey Water pref—....100 New Mexico Gas com. 5 6% preferred Stocks Ask Bid 1 Scrip Preferred Citizens 28 10 " $7 preferred 18 STOCKS 1 50 100 Peoria Water Works 7% pref-100 Phila City Pass—See Phfla R T 120 $5# preferred stamped......* Par Stocks Peoples Light A Pow A-.. Peoples Nat Gas 5% pref Peoples Water A Gas pref 6% preferred— .....100 $2 preferred ———* New England Pow Co pref...100 New England Pub Ser com—..* $7 prior preferred .......* New Eng Pow Assn UTILITY possible for the closing day of the month preceding the date of Issue Ex-dividend. I" 18 29 Dec. ll Under'the heading "Industrial and include all issues which do not appear under the previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest In the Land," of the Miscellaneous Securities" we "Industrial and Miscellaneous." NOTICE—All bond prices are "and Quotations for a'l securities Bonds Bid Bonds 1st lien & ref 5s 1st M 5s 1953ser A —.J&D Certificates of deposit _ Acadia Sugar Ref 4X® 1955.A&O Adams Exp coli tr g 4s 1948.M&S 102 X a* 104 X 93 X 100 X Ex scrip. ----Aeolian Co 6s 1944 J&J Akron Times-Press 1st 6s '45 A&O Alabama By-Prod 6s 1955—J&J Botany Cons Mills 6 Xs '34.A&O f Certificates of depositf Income 6s 1955 25 M&N Ala Cons Coal & Iron 5s '38-M&N Alabama Mills 6s (w-s) 1953-J&D Without stock-J&D 1st 99 99 80 50 Albany Perf Wrapping Corp— 1st M coll tr 6s 1948- ——A&O 47 57 1948—A&O 40 67 35 45 6s 1955 ------ Pacific"GralnlBs 1946 J&J Algoma Steel 1st 5s 1962 A&O Allied Mtg inc coll 2-5s 1953. J&D Allied St's Corp deb 4 Xs '50-A&O Debenture 4X® 1951 F&A Allis-Chalmers s f deb 4s '52-M&S .AJpine Montan Steel Corp— 1st s f 7s 1955— M&S Aluminium Ltd s f deb 5s '48.J&J Amer Aggregates Corp— New 3-6s 1943 F&A Colortype 6s 1942—-F&A Amer Dept St s (Pa) 6s *48- -J&D Amer Dept St's (Del) 6s '47.J&D Am Fruit Growers ert 7s '43.F&A Amer Ice Co deb 5s 1953 Amer 15-yr J&D M&N 88 8l"~ 102 X 84 103 X 101 106 X 80 98 92 99 92 5X% notes 1956 J&D Am Lime & Stone 5X® '51 M&S Am Mach & Metals 4s 1943--J&J Amer Nat Co (Ohio) 6s 1938. J&J 57 95 - 95 60 96 69 66 75 Extended 6s stpd 1943 58 J&J Amer Radiator deb 4X® '47-M&N 105X Amer Seating 6s stpd 1946---J&J 87 Am Silica-Sand 6s 1951 M&S / 10 Am Tobacco deb 4s 1951 F&A 107 Debenture 6s 1944-A&O 118 American 104 105 X 89 15 Amer Writ Paper 1st 6s 1947 Certificates of deposit- J&J / / Ann Apr f - Conv 6s 1961— Ames-Holden Tire & Rubber— 17X 20 X 21X 23 X Anthony (E C)— 1st s r 6s (San Fran) 1942-J&D 1st s f 68 (Los Ang) 1942- -J&D Arcade Mall Iron 7s 1943 M&N / Armour & Co of Delaware— 1st M 20-yr 4s ser B 1955.F&A 1st mtge 4s series O 1957—J&J Arnold Print Wks 6Xs 1941.A&0 / 1st 5s Feb 1 1952 A&O Arundel Bond Corp 2-5s Dec 1 *53 Arundel Deb Oorp"3-6s Dec 1 '53. Ashville Citl7e-Tfmes 6s'45-M&S 25 21X 95 9 90 X 91X 89 91 61 63 55 X 86 — 20 — M&S Conv deb 4Xs t939 J&J / Ault-Williamson Shoe 6s 1942 / Autocar Co 7s ext 1947—-M&N Avery (B F) & Sons 5s w w'47 J&D Without warrants.. Deep Rock Oil 7s 1937-——M&S 100 6% notes stamped 1935 80" 100 x 104 X 13 X 103 X 50 30 17 X 18 20 90 98 88 76 93 Dominion Tar & Chemical Co— 103 X 119 94X 5X 80 X 5 15 45 120 95 X 7 94 71X 86 8 20 55 72 2X® debentures 1942 68X 5X 116 55 120 56 13 106 73 97 X 93 79 106 81 Cum inc deb 6s 1947 Barber & Ross 4s 1945 Bates Valve Bag Corp— Deb 6s ex-warr 1942 »&•' / — 103" 66 X 49 51 99 g 5Xs 1948 1st 5X««er C1946— Bayway Terminal 6s 1954...J&J / 11 Beattie Sugar 7Xs 1943 ctfe.J&D / 10 101 Bedford Pulp & Paper 6X® 1942. Beech Creek O & C 5s 1944..J&D 93 105 Beneficial Loan Soc 6s B 1939 Q-J 104 6s profit share deb 1956—-Q-J Rerkey & Gay Furn 6s stpd 1941. / 22 X Bessemer Limestone & Cement— 91 6s 1955 .J&J 65 Bethlehem Fdy & Ma 5s'44 A&O f 1 IH ICO m mm — M m, m m mm m. Extended 6Xs 84 !03X A&O s f deb 3Xs 1951-J&D Consol Paper Corp 5Xs 1961-. Consol Oil f Consol Textile 1st 8s 1941-. J&D f k Last sale. n 15 61 F&A _ 34 22 28 7s income 1967 Everlastik Inc 1st 7s 1937.M&N Fairbanks Morse & Co— ; — s 75 97 J&D f deb 1956 Famous Players Canadian— 1st & coll 3s 1938-1939—J&D 98 98 1st & coll 3X® 1940-1942-J&D 1st & coll 4Xs 1951——J&D 97* M&S llH 5s 1969. —J&D Federal Screw Wks conv 6 Xs '39. Federal Sugar Ref 6s ctf *33 M&N / Fiat s f deb 7s 1946—J&J Filtrol Co of Calif 5s 1946— J&D . s f 6s 20. Residential Mtge Bank M&S stamped 1961 3 25 .— 94 X 87 . 102X 104 X M&S 104 103 X First Bohemian Glass Works— 1st secured 7s 1957—J&J Flour Mills of America Inc— 94 87 103 X 70 88 90"" 90 59 45 62 99 96 X 90 X 42 93 16 101 97 97 50X 28 33 Nominal. 44 X 6X% notes 1946-A&O Follansbee Bros 5s 194717 J&D Forest Lawn 1st s f 6s 1949—J&D 98 Framerican Ind & Dev Corp— Deb 7Xs 1942 —J&J Francisco Sugar 6s 1956—M&N Franklin Coal Co 7s ws 1949-J&J / 50 X Fraser Co 6s Jan 1 1950 99 J&J French Nat Mail SS Lines 6s *52 104 Frick-Reid Supply 6s 1943.-J&D 102 X Conv g Fruebauf Trailer deb 4X®'47A&0 G&ir (Robt) income notep 6s 1972 85 60 Garlock Packing— 96 17 Consolidation Coal Co— j This price includes accrued Interest. A&O Firestone Cotton Mills 5s '48M&S Firestone Tire & Rub of Calif— 88 J&D 24 74 102? 101? European Mtge & Invest— 1st lien 7X® 1966 ser B...F&A 7X® income 1966 it lien 1st liei 7s 1967 ser O M&S _ f Erie Elec Motors 5s 1941 Ernesto Breda 7s 1954 97"" , 1941 99X 49 74 48 J&D — Empire Oil & Refg 5 X® 1942 A&O Empire Properties Corp 2-3s 1945 Empire Sheet & Tin Plate— 6s 1943 A&O Emporium Capwell Corp— 1st 4s 1952— J&J 4% notes 1942 J&J Finland Consolidated Laundries— . 45 Farmers Nat Mtge Inst 7s '63A&Q Federal Coal 7s 1944: J&D 65 f o nasi* Coils f 4s 1950 Sf 5s 1942 F&A f Cum inc 6% notes 1950—F&A f m, -• 97 106 Consol Cement Corp— Cum Inc 6s 1950--- 49 68 Eastern Mfg 7s ser A 1938- .J&D East Temple Corp 6s (w s) 1941Eaton Paper 1st 5Xs 1943.M&N Farmers Mfg Co 3X® 1953 96 87 87 87 102 103 H A..M&S ser 102"" 100 X Connor Lumb & Land 6s '41 M&N f Consol Biscuit 1st 5X® B '46 M&S 75 F&a 60 62 96 5X % notes'37(Am pt ctf)M&N / Commonwealth Subsidiary CorpDeb J&D 95 Deb 5s series A1955 Jan Deb 5s series B 1955 Jan Durham Duplex Razor 6s 1955 Eastern Car Co Ltd 6s 1952-J&J Eastern Cuba Sug 7Xs '37-M&S Eastern Dairies 6s 1949 M&N 96 Comraerz-und Privat-Bk Germ'y) 65 X 102 F&A 20-year 4s 88 *39—A&O 78 - Dryden Paper 6s 1949 Dufferin Paving & Stone— 80 J&D Comm'l Disc t (L A) 6s 84 Baldwin Locomotive Works— 6s consol 1938 M&S / » _ Elec Auto-Lite deb 4s 1952.F&A Elk Horn Coal Corp— 106 X Commercial Invest Trust Corp— Debenture 3Xs 1951. -J&J _ A&015 / 30 Dickey (W S) Clay Mfg Co— Cum inc 5s (whs) Nov 1 1949 105 Cum inc 5s (ex-stk) Nov 1 1949 65 Dold (Jac) Pack 1st 6s '42.M&N 92 Dom Coal 1st 4X® ser A *52- A&O 99X Dominion Steel & Coal 6Xs 1955 101 Dow Chem Co deb 3s 1951—J&D Driver Harris Co— Colo Fuel & Iron s f 6s 1943.F&A Income 5s 1970 An Apr / Colo Indus 1st 5s A & B 1934 F&A * Commerc'l Credit 3Xs 1951 A&O 35 f 6s Oct 15*60 95 7s series A & B 1960 Q-F 7s series O 1959 Q-M 7s series D 1956--— Q-J 6s series AA 1953-—..Q-F 6s series AB 1948.—--Q-M 6s series AC 1952 --—.Q-J 34 iiH M&S - s 1st mtge sink fund 6s 1942. J&D 1961-A&O Bagley-Olifford Corp 6s 1942-J&J / 1st g 5s 1940— —M&N Mtge 6s 1950 M&S Baragua Sugar Estates— 6s extended 1938Deutsche Rentenbank— 18X 55" M&S 99 X 105 76 i05X 82 91H Detroit Times deb 6s to '43.M&S Deutsche Bank (Berlin)— Deb 4 X® ser A 1951—M&N Dominion Textile 4Xs '55—M&S Donnacona Pap 4-4 Xs *56—F&A F&A . 45 23 23 1953 J&D Certificates of deposit— 99 Cheeap'ke-CampCoip4X> *47J&J 25 99 90 88 1st mtge 6s 55 65 Collateral Bankers Inc— 42 98 ll54 76X Clearfield Bit Coal 4s 1940—J&J Cleve-Cliffs Iron 4Xs 1950.M&N Cleve Tractor conv 5s 1945.M&N . 40 £9* 94 93 98 Cespedes Sugar 7 Xs 1939 M&S / 11« 88 Champion Pap Corp 6s '45—F&A r Champion Paper & Fibre Co— 4Xssf deb 1950 M&S 105X Chateaugay Ore & Iron— Guar gold 4s 1942J&J Atlas Imperial Diesel Engine— Atlas Pipeline Corp 6s 1945-M&N Gen conv 6s 1950M&N / Auburn Automobile— it* 44 «. J&D 1944 Cudahy Packing 3Xs A '55-M&S Conv s f deb 4s 1950 .M&S Cumberland Ry & Coal— 5s 1940 A&O Davidson Chem 6Xs 1937--A&O De Bardeleben Coal Corp— 40 mm 106 103 X 101X — A&O m, 50 79 Crown Cork & Seal Co Inc— Danish Prod L'n Fund 5s '40-J&J Dairyland Inc 1st sf 5s 1946.M&S Davidson-Boutell 5s 1946 J&D Davidson Biscuit 5 X® A '45 A&O City Ice (Kansas) 6s 1940 City Savings Bank of Budapest 7s 1953 55 Q-F Crowley Milner 5 Xs 1946—M&N 38 67 67 85 95 22 154X 100 X Sinking fund deb 5s 1946-F&A Credit Service deb 6s w w *48 Cuban Tobacco 5s 82 58 68 46" . 15-yr 4s s f Nov 1 1950--M&N Crown Willamet Pap 6s *51—J&J Crucible Steel Co deb 5s '40. M&N 90 55 65 54 X Gen lien 6s 1938--.. .M&NCosden Petroleum conv 5s *47 J&J Cosgrove Meehan Coal 6 X®1945_ Crane Co 3Xs * f deb 1951.J&D Creameries of America— 94X -A&O f os 87 99 X 90 99 52 33 Cont'l Steel deb s f 4X® 1946-J&J Ooplay Cement Mfg 6s '41-.A&O Copley Press 5X® 1943--..F&A 96 98 1st 8s 1941- _M&N Chicago Stk Yards warr 94 55 106 X Childs Co deb 5s 1943 A&O Chilean Nitrate inc 5s 1968--J&D 44 X Atlantic Ice & Coal 6s 1951-J&D Atlantic Ice Mfg 6s 1945.. _F&A Atlantic Lumber 6X® 1932.A&0 / Atl Sug Rcf 1st s r 4s '51—M&N «rr 75 55 54 X with 75X Certain-teed Prod 5Xs 1948 M&S 95 Coll tr g 5s Jan 1 1959 J&J Atlanta Laundries 6Xs w w 1943. / notes 1945 99 39 108 102 X 63 91 Central Steel Associated Mtge Co 3-6s Dec 1 *53 Atl Gulf & W Indies S3 Lines- conv 103X 7X 15-yr deb 5s with warr '50M&N Carthage Marble 6X® '42 M&S 1st non-cum inc 5s Apr 1951. Cassco Corp inc 6s 1949 —M&S 6X® 1952 20X 77 46 X 194M Continental Roll & Steel Fdy— 1st M conv r f 6s 1940.. .J&D Farm Ln Camaguey Sugar 7s ctfs 1942 Campbell River Tlmb 6s '41-J&J Canada Biscuit 6Xs 1946—M&N Canada Bread 6s 1941 F&A Can Cement 1st 4 Xs serA'51 M&N Canada S3 L 6s '41 ser A .A&O 1st & gen 5s 1957 J&J Canadian Bakeries 6X® '45.M&S Canadian Canners Ltd 4s'51M&N Canadian Internat Paper 1st M 6s 1949 J&J Canadian Nat Steamships 25-yr guar 5s 1955 __M&S Canadian Vickers 6s Aug 1 194 7 Caribbean Sugar 7a stpd '41.F&A 31 96 103 X Anglo-Chilean Cons Nitrate— 6% 99X Celotex Corp— Debenture 4 Xs w w 1947.F&A Central Foundry Co— 1st mtge 6s 1941 M&S Gen mtge 5s 1941 M&S Central Ry Term & Cold Storage _ Sink fund income deb 1967 J&J f Antilla Sugar Estates— Income deb 6s 1951 (w-s) __J&J f 97 HO, Carriers & General Corp— 106 8* M&S / 94 Income 7s Jan 1 1943 Anaconda Copper Mining Co— Sink fund dera 4X® 1950--A&O 103 X .... 100 70 Carlisle Lumber 6s 1945— Type Founders Inc— Conf s f deb 2X-5s 1950—J&J / 105 Am Wire Fabrics 1st 7s *42-.M&S 95X 65 35 98X California Packing Corp— Cons deb 5s 1940 —J&J 99 34 55 80 Byrndum Corp 3-yr notes Jan 15 *39 - iiH 50 103 X A&O J&J / Bush Term Bid* 1st 5s '60—A&O / Butterick Co 6% notes *39. -A&O Calif Cooperative Creamery— 1st s f 6s 1948 A&O Deb s f guar 1943 A&O Calif Cotton Mills 1st 6s '40-J&J Calif Group Corp 5Xs 1956 M&N 81 90X 1958-——-—.—J&J / Bush Term 1st 4s 1952 Cons g 5s Jan 1955. Byers Machine 3-6s 107X 56 J&J / 117 f extl 6s 1940 Income 5s 82 Conv 5X® 1949 J&J Amer La France & Foamite— s ~4X 5X — 77 Burns Bros deb 5s A 1961—M&S Burns & Co Ltd 1st sf 5s 1958 J&J/ 16 I G Chem Corp— Conv deb 5X® 1949 Amer International Corp— 92 J&J 1st series B 1948— 103 X 86 X 5s 87 X 53 M&N Bryant Paper 6s A1942 69 20 56 106 Budd (E G) Mfg 6s ext 1941 .F&A Burmeister & Wain (Copenhagen) _ Amer M&S f 5Xs 1950 ser B J&D Deh Cosden Oil Corp 1st 6s 1938. M&N 94 108 Brown Shoe Co 3 X® 1950.—F&A Brock Silk M Ltd 6X® '45.M&N 90 55 Alberta -M&N -M&N 1st 6s 1950—Gen sf 7s 1950---- Brown Coal Indus 6 X® '53—A&O f Brown Co 1st 5X® 1946 A&O / v 137 102 X 103 X 5 Bowser (S F) 7s 1944 M&N 54 Brandram-Henderson 6s *39 M&S J 43 6s 1956 —J&D / 37 British Am Oil deb 4s 1945—M&S 103 British Columbia Pulp & Paper— 94 Bid Cont'l Invest Bond Corp 2-5s '53. Oont*l Invest Deb Corp 3-6s '53— 116X 10 — 81* 88 114X 130 J. 101 103 X 94 8 -A&O 3 X* series E1966 80* — M&N 1942 15-yr s f conv 3. X® debs *52 A&O Boston Wharf 1st- 4s 1941. A&O 97. 101 Bonds Ask Container Corp 1st 6s '46.J&D15 Purch money 6s 1998—Q-Feb Cons M s f 4 X® ser I) '60. .J&J Beth Steel Corp 4X® to 1941 J&J 55 95" Coll tr g 4s 1947 J&D 4Xs stamped 1946—F&A Addressograph-Multigraph Corp 4-4 X® 1938-1939 A&O 5-5X8 1940-1945 A&O Advance Bag & Paper 6s '52. J&D w w Bid tethlehem Steel Co— Abbotts Dairies deb 6s 1942-M&S Abitibi Power & Paper— 6s assented possible for the closing day of the month preceding the date of Issue Ask INDUSTRIAL AND MISCELLANEOUS BONDS Alabama Co gen 6s 1938 interest" except where marked "f" and income and defaulted bonds are as near as 57X J&D 4X® Dec 15 1946 Gelseukirchen Mining Co— 6-yr 6% notes 1934 6s 1937 6s 1940 - - 99 M&S 100 100 100 82 PPVstrM^ & miscellaneous bonds notice-am Bonds Bonds Bid 100 % Gen Amer Transport 3s 1940. J&J 3% notes 1941-1942 J&JI 101M Indiana Co 1 st 99% 45 1st mtge 4Mb ser A 1961—M&S Joseph & Feiss 5s 1943 M&S 42 J 42 % 45 92 97 81 6s 1948. conv deb 5s '51.J&DI Gen Motors Acceptance Gen Steel 103 H 103 M 102 102 % 74 76 M 45 46 M 6s with A&O 96 H 12 95 H 1940.A&O/ F&A / Gen Vending 6s 1937 Certificates of deposit / Georgia Marble 1st 6s 1950.M&N German Atlantic Cable 7s 1945.. / German Bldg & L'd Bk 6Hs 1948 / Glen Alden Coal M s f 4s 65 M&S Globe Industrial Loan 6s 1955 J&J Globe Wernicke 6s Oct 1 '44.J&J 10H 11 70 27H ^, 20 67 87 93 97 58 H 61 103 % es 1944 A&O Good Hope St & Ir Wks (Germ'y) 5 f g 7s Oct 15 1945—A&015 Goodrich (B F) Deb g 1st mtge 4%s 1956 20 92 95H 61945 J&D J&D 104 H New 1st 4s 1947 104% 96 93 93 V M&S 65 so % 77 80 87 Heywood-Wakefield 5s 1946 J&D Hightstown Rug 6 Ms w w 1944— Hines Land & Timber 6s '48—J&J / Hoe (R) & Co 5-7s 1944 w S..A&OF 4H-6H8 1st mtge 1944—".A&O, Holland-Amer Line 6s '47--M&N / 54 30 I Ms 1938-A&O' A&O A&O A&O A&OI —-A&O Serv(LosAng)6Hs 42 A&Oi/ Serv(Portl, Ore)7s '41 A&O / ___ ' 99h 99 92 48 31 99 97 91H 26 95 u 92 —I . 19 of Texas— 99^ 22% 55 2d mtge inc 6s Feb 1956... / Hungarian Central Mutual Credit Mfg 7s 1937—.....J&J / Hungarian Disc & Exch Bank— 35-yr s f 7s 1963 J&J / 18 iolh Industrial Acceptance 4s 1952 J&J Inland St'l 3Hs ser D 1961—F&a Interlake Iron Corp— 83 h 103 % 1947.... A&O 74h b Basis. 82 I 87% 40 26 35 23 35 98H 99% 20H 123 70 90 H 92 104 H 98 % m 44 47 127 120 f&a 80" 1st s f 4s Feb 1 1957 Manhattan Refrig 5Hs M&N 29 1941-J&J 58 Mansfield Min & ---. 48 85 Martin (G1L) conv 6s 1939.M&N Massey-Harris Co 5s 1947.-A&O 140 150 62 h 107h McCloud River Lumb 5s *48 J&J McCollFron'nac Oh 6s 1919. A&O , 67"" 8 85 22 104 % McCord Rad & Mfg— Deb 6s 1943 with warr F&A 81 McCormicks, Ltd, 5Hs '50 M&N f 55 McCrory Stores Corp— 100 5s s f deb 1951 M&N « — 97% " m mm m 105 89 57 100% McKesson & Robbins inc— 20-yr conv deb 5Ms 1950.M&N , 40 87 87 79 103M 107H .... 29 80 97M 98% Mead (The) Corp— 1st M 6s 1945 with warr..M&N 85 h 103 % 96 H 97% Memphis Commercial— Appeal 4Mb 1952 M&S Mengel Co conv 4Hs 1947..M&S Mercantile Stores deb 5s 1947 J&J Merchants Distilling Corp-— 5% conv deb 1947 M&S Mersey Paper Ltd 5s 1957--J&D Gen s f 6s ser A 1949 M&S 75 8/ k Last sale, 18"" 104 H 55 M 72 40 60 45 79 81 47 48 43 47 43 % 47 85 85 85 90 80 64 72 100 46 95 b 96 H b 5.75 5.75 5.75 5.00% b 5.75 5.00% b b 60 75 5.00% 5.00% 80 25 57 98 H 58 61" 100 60 4.25 3.75« b 4.25 3.75^ b 3.75 3.00' 6s perpetual stock _J&J O'Connor Moffat deb 6s *38 F&A O'Gara Coal 5s '55 op aft'08 M&S Ohio Fin deb 6Hs ww 1944-M&N ! Conv s f 5s 1951 —F&A Ohio Leather conv deb 5s '46-J&J Okonite Co 6s stmp 1942—J&D lOld Ben Coal Corp 6s (w s) 1948 1 Inc deb 7 Ha (w s) Aug 1 1953Oregon-Am Lumber 6s 1942-a&O lOregon Pulp & Paper 6%sto I Apr 30'37. 6% to 1945—M&N Dreg Terminals 6 Hs A 1942-M&N I 1st income 5s 1945---.—A&O Orono Pulp & Paper 6s 1943.J&J Osgood Co deb g 6s 1943 J&D O'Sullivan Rubber 5 Hs '47—A&O Oswego FallsCorp 4 Hs 1952-M&S Without warrants Otis Steel s f 4 Ho A 1962—J&J Oxford Maimi Paper 6s 1947-F&A Pacific Atlantic SS 2-5s '43-M&N Pac Coast Cement 6s A 1942-J&D 90 98 M 98 Messenger Corp deb 4Hs *51 J&J 65 Metropolitan Ice 7s 1954—J&J 65 Miag Mill Mach'y 7s 1956.-J&D / 16 Mich Tann& Extract 6Hs'38M&S 96 Middle States Petrol 6 Hs 1945.. 80% Miller & Hart Inc. deb 6s '43 .J&J 60 Miller & Lux Inc 1 st M 6s '45A&0 / 120 7% gold notes 1935 A&O'/ 114H Minnesota & Ontario Paper Co—I 1st 6s series A 1935 A&o'f 35 1st 6s series A 1945—....A&O'/ 35 1st 6s series B 1948 J&Jif 35 1st 6s series C 1950 M&N / 35 5-yr 6% notes 1931 M&S / 12 Minn Valley Canning 6s *41.-J&J 100 / This price includes accrued interest, 94% 88H 75 85 97 98 86 88 77 79 20 23 95 , 72 6% 18 ' 97 H 98 25 15 Debenture 6s 1943 ..M&N Northern Redwood Lumber— ; 6s 1937 122 -J&D f N'west Pub's Deb 4Hs 1948-J&J 69 Northwestern Barb Wire Co— 70 1st mtge s f 5Hsvrwl945-F&A 43 5H8 without warr 1945-F&A 30H Norwestern Term Co 5s *48..J&D 60 Nova Scotia S & O 5s 1959—J&J 46 35 62^ 82 22 47 Marion St'm Shovel 6s '47--A&O 14% 78 f Smelting— 47 103 128 7s without warrants 1941-M&N / Maple Leaf Milling— , 2%sto 1938,5 Hs to 1949. J&D / Marine Elev (Buff) ext 5s '52M&S / .-.- Equip trust 4s ser I Jan 1 '38-'43 Equip tr 4s ser J 1946 J&D Ea t Eq tr 3 Hs ser K 1938-48.-A&O Northt tern Elec & Nor Pap Mills— 1st mtge 5s to 1948—...M&N 98 % a&O 44 29 83""" 99 % 1 47 67 6% 14h 102% , mm-m 105 19 30 38 100 h 99% 44 Deb OMs A with warr '40-M&S 6Ms 1943 ....M&S Income 6 Hs 1953 M&S f |Nor Amer Refract 6Hs 1944-J&J 124 % North German Lloyd— 20-yr s f 6s 1947M&N f New 6-4% 1947 M&N North Western Refrigerator Line 96 44 Lukens Steel 5s extend 1955 M&N .... 80 H Deb 4s 1941 J&J Nivelle Corp 4s 1952 M&N Nordberg Mfg Co 1st 6s 1943M&S North Amer Oar— Equip trust 4H« Auk 1 *38-'46Equip trust 4Hs Nov 25 '38-'43 Equipt tr 4Hs 1938-47 J&D15 I Equip trust 5 Ms Sept 1 '38-'44Nortn Amer Cement 1 Corp— 73 Manati Sugar 1st 7Ms '42..a&0 / Oeitiflcates of deposit / Internat Agricultural Corp— 98 h 1st & coll tr s f 5s 1942—M&N International Match Corp— . 6% Deb sf 58.1947 M&N / Certificates of deposit / 14% Conv deb 5s 1941 6% J&J15/ 14 M Certificates of deposit Internat Mercantile Marine— 39 1st M coll trust 6s 1941—A&O International Paper— 1st & ref s f 5s 1947 ser A.. J&J 85H 1st & ref s f 5s ser B 1947.-J&J 85M Ref mtge 6s 1955 ser A M&S 77% Internat Pow & Pap of Nfld— 1st M 5s 1968 J&J 102 1st 4Mb 1968 J&J 101 Internat Salt g 5s 1951 opt—A&O 107 Interstate Deb Corp 2-5s Jan 1 '55 33 Interstate Zinc & Lead deb 7s '32 / 24 Isotta Fraschini 7s 1942 J&D 78H 99 73 M 97 23% 25 Hungarian-Italian Bank Ltd— Sinking fund 7 Ms 1963—A&O / 19 Hygrade Food Products Corp— 60 h 1st & ref 6s Jan 1949 A—A&O 60 h 6s 1949 series B J&J 83 Ice Service 1st 6Hs 1939 J&D Illinois Steel deb 4H« 1940—A&O 107h Ilseder Steel mtge 6s 1948—F&A / 21 110 Independent Brewing 6s '55.J&J 65 Indiana Ice & Fuel 6Hs '47.M&N Ind Limestone inc 6s 1952.-M&N 70 Prior lien s f 6s 1942 M&N Indianapolis Motor Speedway— 75 1st extended 6Hs 1946 F&A 36 36 29M. 35% 5s, 1951 40 75 26 73 Certificates of deposit... NYLE&WO & RR— 1st 6s ext 5M% 1942—M&N N Y L E & W Dock & 30% Impt— * Extended at 5% to 1943—J&J., N Y SWpbuilding 1st 5s '46-M&NI New York Trap Rock Corp— ' 1st mtge sf 6s 1946-—98 J&D 6s stamped 1946 65 J&D Partic deb 2d 65 mtge 7s 1946 J&D N Y World's Fair 1939— F&A 6s series B 1943 10-yr sec s f 5Hs 1940—-M&N Hudson Coal 1st 5s 1962 A..J&D Hud Riv Day Line 6s 1939.-M&S J S f 1st mtge 6s 1946—.—J&J 102 6s series O 1946 F&A Loiillard (P) Co g 7s 1944..A&0 35 Improv— / 99 97 H F&a 1 26 100 Nat Union Mtge 3-6s A'54. .J&J 2-5s series B 1954. J&J New Eng Laundries 6s '36—A&O f 4-58 1956 J&J / New Niquero Sug 3 Ms 1940. J&J Newport Industries 5a 1947 N Y Dock Co—1st g 4s '51 -F&A Serial 5 % notes 1938 A&O 97 70 F&A Gold bonds 5s 1951 96 40 mmmm 100 Lincoln-Boyle Ice 6s 1947—A&O Lindsay Nunn Pub 6s 1944—M&S Lion Oil 4 Ms 1952 a&O Liquid Carbonic conv 4s '47-J&D Loew's Inc debs f3Hs 1946-F&A Logan County Coal7s 1942.M&N f Long Bell Lumb 6s sei A '42.J&J 99 u 98 3M - J&J 96 19% 2lH 90 87 4s coll trust conv 1947 J&J Jan 28 Libby McNeil &Libb 5s '42.A&O k 103 60 Liberty Baking 6Ms 1944 M&S 130 Liggett & Myers g 7s 1944.-A&O 129H 51 58 95 ; . 28 6s extended 1943 " 65 93 , 31 114h Le Tourneau Foundation— 62 56 54 Natl Grocers Ltd 4s 1947 99 .A&O NaT Gypsum s f 6s 103 1JJ43. A&O National Lumber & onal T —' Creosoting— 1st 5 Ms 1938-48 a&O 96 M Nat Oil Prod deb 4s 1952—J&D ... Nat Radiator 6H« 1947 F&A / 25 Certificates of denosit.... / 25 Cum income deb 5a 1946..M&S / 16 National Steel Corp— 1st coll mtge s f 4s 1965—J&D 103% Natl Tool conv deb 6a w w'42F&A 93 102 Leonard Tietz—See Tietz 60 79 Nat Food Products 6s '44 M&N Coll conv 6s w s ser A '44-M&N mm**. 81 J&J Lake St John Power & Paper— 6Hsl942_ F&A/120 6Hs Feb 1947 —F&A / 120 1st 5Ms 1961 J&J 96 I Leipzig Trade Fair 7s 1953-M&N 1/ 75 75 85 65 National Fire Proofing Co— 1st M conv 5Hs A 1946.M&N Cum conv inc 5s 1952...M&N ioIh 1st & ref 5s 1964 100M 841^ 84 75 10-yr deb 4Ms May 1 '45-M&N 1st & ref 5s 1954 100 Holly Sugar Corp 1st 2s 1939 1st 2^8 1940 1st 3 Ms 1941 1st 3 Hs 1942 1st 4s 1947 97 1st & ref 5s 1974 .^F&A Sec 6% gold notes 1938.-.J&J 15 82 ' Nat Dairy Prod 3^8 w w'51 M&N Natl Debenture Corp 3-6s 1953— National Distillers Products— 99 Lehigh C & Nav fund 4s '48 J&J Cons s f g 4Ma 1954 J&J Cons s f 4M8 1954 ser C_.J&J Lehigh Valley Coal— 1st & ref 5s 1944 F&A 88 85 Called Mar, 1 at 100. «. " 100 Layne & Bowler 3-6 Hs Dec 1947- _ 20 Hatfield-Campbell Creek Coal— 90 1st 6Hs 1948 M&S Hawley Pulp & Paper Co— . 1st bs s f 1946 J&J / 100 Haytian Corp inc 8s Oct 1938—-1/ 13 Hearst Pubilca 6 %s to 1947.M&N' 99H 83 Heller (Walter E) 4s ww '46.A&O 91 Helvetia Coal Min 1st 5s '38.A&0 * wm 95 Certificates of deposit 1st mtge income 1975 J&D Lawrence Portland Cement Co— Deb g 5 Ms 1942 a&O 90 104 r ser A 1941 .M&N Nat Bondholders partlc ctfs (Central Funding series Natl Consol Bond Corp 2-5s 1953. Nat Container deb 5Hs '52-A&O 65 98 Lautaro Nitrate Co— 1st conv 6s 1954 with war„J&J f 80 Conv a f deb 5s 1951.....A&O Hart Coal inc 6s 1945 Conv deb s f 4s m 95 Langendorf Un Bak 6 Hs '41 M&N Harris-Seybold-Potter— M&N m 60 J&J 16 101H Lines— 7a 1946 100 1st & coll tr gold 5s 1944.. J&D 81 20 Houston Oil Co ' I 100 100 Harpen Mining Corp— 6s with warr for Am shs—J&J f Housing & Realty M&N Lane Bryant Inc deb6s'40wwM&N 100 H 95 Home 85 Debenture 5s 1961 An Apr Lake Superior Corporation— 99H / Home 101 5-6s April 1 1946 86 Printing Co— 1st & coll 6s stmp 1947—M&N Hamilton By-Prod Coke Ovens— 1st s f 58 ser A 1955 M&N Gen sinking fund 6s 1956.. A&O Hamilton Mfg 5s w w 1951 —M&S Steamship 98 100 Nat'l Baking 6s M&N La France Textile 1st 6s '42.J&D / 6H 55 1961 .A&O 10-yr 6s 1939 stamped....A&O 6s unstamped 1939........... 97 5s uniform ctfs of dep 1959 f 30 Lackawanna Steel 5s 1950..M&S 112h 18% 93 Ask 101 1947.M&S 2 '66-A&O Certificates of deposit Nassau (Ger) Landbank 6 Hs 193« Nat'l Acme 4Hs ext to *46..J&D 40 — 86 Kreuger & Toll— 98 • Hansa 80 Lake Erie Bolt & Nut— —A&O., Grigsby-Grunow conv 6s 36 M&S / Groc St's Prod conv 6s 1945. J&D' Alabast— 96 78 Ltd— 1st s f 5s 1955 Gypsum Lime & 75 75 Koehring Co (Milw) 3-5s '45. J&J Koholyt Corp 6 Ms 1943 M&S / 21 101 % Koppers Co 4s 1951 M&N Kresge Foundation— 98% 10-year coll tr 4s 1945 J&J 91% 3Hp coll trust notes 1947.F&A 85 72" Grand Trunk Ry Term 6 Cold Stor 1st 6Hs 1952.A&OI/ Graton & Knight 4%a '51—J&D 5Hs 1948 Hal1 (F W) 89 75 70 78 95 ser 80 M&N Kinney (G R) ext 5 Hs 1941-J&D 93 1946—-—M&S Gould Manufacturing 6s '42. A&O Graham Paige Co 1st 6s '38.F&A Granby Consol Min & Sm 5s 1942 5 f deb 5s w w Gulf States Steel 4 Hi 95% 93 u 18 23 Kirby Lumber 6s 1938——J&J16 / 100 Goodyear Tire & Rubber— 1st mtge coll tr 5s 1957--M&N Gordon Baking Co (Mich)— 5s series B 1945-50 J&d Gotham Silk Hosiery— Great Lakes Paper Co 30 37 82 M x-w 1933 M&N 5Hs series 16 1940 M&N Mtge Bond Co (Md) 2-5s Dec 1 '53 Mortbon Corp— Coll A 5s ser 1 1941 J&D Coll B 5s ser 2 1946 J&D Call O 5s ser 3 1951 J&D Coll D 5s ser 4 1956 J&D Muni8lng Pap 6s A &B 1943. A&O Munson Steamship Line— Secured 6s 1937.. ...J&J Deb 6Hs Jan. 1 1937 A&O 25 (par $925) 1943.. 4% notes 1942-1945 M&N Kings Co Refrig 6s 1942 A&O Kingsport Press 6 Ms 1939—F&a Kingston Elevator 1st 6s '50 M&N 100 % ' 6s , 6s series 4 93 91 J&J 1st 6s 1940-1949 103 sec Mtge-Bond Co 4s Keystone Steel & Wire— 2% notes 1938 3% notes 1939-1941 Golden State Milk Erod¬ Morris Plan 85M J&J Kelly Springfield Tire 6s '42.A&0 / 6s stamped 1942 a&0|/ Kelsey Hayes Wh'l 1st 6s *48. J&J 15-yr conv deb 6s 1948 J&J Kentucky Rock Asphalt— 3M-9M* 1945 J&D / Kentucky Securities coll 5s 1940. Keokee Cons Coke 5s 1959--J&Ji Keyes Fibre 1st 6s '38-'39 M&N 1 (Adolf) Inc— Conv deb 4Hs ser A 1941.M&S Godchaux Sug 1 st s f 5s '47.M&N 92 Keith (B F) Corp 6s 1946—M&S. 11 65 warr Monroe Coal Mining 6s '47.-F&A Montreal Cotton deb 5s '43-M &N Morgan Engng 8s 1941—M&N 94 93 M 100 Karstadt (Rudolph) Inc— , 1st 6s 1943 with Am shs. .M&N 1/ Ctfs of dep w w stpd 1943 1/ 6s stamped (par $925) 1943 Wares— 4 Mb ser A 1952 Gen 1'heat Eq deb 6s Gobel Ext sf6Hs 1947 Kansas Pipe Line & Gas— 1st 6s series A w w 1952 F&A F&A 10-year deb 3s 1946 15-year deb 3Hs 1951 , 22 Journal of Commerce 6H 1937.. Corp— Gen Itayon deb 6s 1948 w w. J&D / Gen SH Cast 1st 5Hs *49 w w.J&J - Bid 111) 1st ref 3H-4s 1951—A&O 98% Mohawk Rubber ext 6s 1938 A&O 1/51 Monon Coal—See Chic Ind & L Ry. 92 J&J 98 H 42 % M&N|/ Deb f 5s 1950. Jones Cold Storage 4-5s— Jones & Laughlin Steel— 42 % 42% Gen Finance s Bonds Missionary Sisters (Waukegan, iefferson & Clearfield Coal & Iron 70 1st mtge s f 5H« 1947 ser A. J&J Gen Elec (Germany) 7s '45.J&J15 Deb 6Hs 1940 J&D|> •I Ask Bid 101H 67 | General Bronze deb 6s '40—M&N General Cable Corp— Ask 70 70 1 Pacific Coast Co 5s 1946 J&D Palmer Corp of La 1st 6s '48. J&D Pan-Amer Industrial 7s '37-M&S Pan Amer Petrol Co (of Calif)-— 1st conv s f 6s 1940 J&D15 Certificates of deposit Panhandle Eastern Pipe Line-1st mtge & lien 4s 1952—M&S Paramount Pictures 6s 1955-J&J Conv deb 3Hs 1947 M&S Parmelee Transportation Co-- ' ' 90). 90 > 20 79 80" 38 39 70 10 100 15" 90 95 99 : 20 H 100 22 9 ' 25 28" 90 95 22 36 20 50 90 84 86 70 H 74H II* 62 64H 49 , 1/ 101 .... 102"" 3H 30 31 31H 32 H 99% 99 H 92 „ 96 63 n Nominal. S f conv deb 6s 1944 91 71H 72H 40 41 _ a&o Paton Mfg Ltd 1st 4Hs '56-M&S Peabody Coal Co (Consol Co)— 1st s f 5s 1953 ser A M&N Pearl River Valley Lumber— 99 79H 1st income 4-5s 1945-.—-M&S 1 / 110 82 INDUSTRIAL FEB., 1938] 83 MISCELLANEOUS BONDS & NOTICE—All bond prices ere "end interest" except where merked "f" end income end defeulted bonds Quotations for all securities are as near as possible for the dosing day of the month preceding the date of issue Bid f 3-4s 1901 J&J Pennsylvania-Dixie Oement Oorp 1st m s f 6s 1941 ser A.M&S15 Pennsylvania Glass Sand Corp—1st s f 4V*s 1960 J&D Pettibone Mulliken— Secured 6s ww 77 78 36 10 102 % 16Vi 4Vi 103 10 32 Vi Pickering Lumber 6s A '46—M&N Pierce Butler & Pierce 6 Vis '42— Pillsbury Flour Mills 6s 1943 A&O Pine Hill Collieries 1st 6s '42 A&O Plreili Co of Italy con 7s '52 M&N Pittso Brewing os Feb 4 '49..J&J Pittsburgh Coal Co— Sinking fund deb 6s 1949.F&A Pittsburgh Coke & Iron Go-— 10|Vi 107' — 107 81 105 97 lstmtgeconv4J4sl952—M&S Pitts Crucible Steel 6s to '45.M&S Pitts Steel s f 6s 1948 F&A Pocahontas Consol Collieries— 103 Vi 100 104 Vi 93 44 73 44 44 44 60 81 78 Vi 97 Vi 101 48 47 47 47/ 77 83 82 98 Vi 18 84 103 84 Vi 90 75 43 92 80 100 X 102 105 Vi 1938 (s-a)—_—M&S 1939-*49 (s-a>—M&S 108 45 Realty Bond & Mtge deb 3-6s '53 _ 91 Red Rlv Lumber 5 Ha 1938.M&N Reliance Bronze & Steel 6s 1944.. 15 Remington Rand Ino— 89 ?(V-yr deb 4 Vis w w 1956—M&S 88 4 Vis without warr'ts 1956 M&S Republic 8teel Corp— 112 Gen mtge conv 4Ha A '50.M&S Gen mtge 4V$sser B 1961.F&A 73] 77 Gen mtge I H» ser O 1956 M&N 1041 Purchase money 5V4« '54.M&N 963 Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— 100 1st mtge 4 Vis s f 1956——J&J 93 Reynolds Met deb 3 He 51—J&D Rheinelbe Union 7s 1946.—J&J Rhine-Main-Danube 7s '50 M&S 5 Rhode Island Ice 6s 1948— .M&N 5 5s with stock 1951. —F&A Richardson & Boynton Co Cum income 4s 1945——J&J / 13 &** 90 „ it* Richfield OU of California—. Coll tr 6s 1944 ser A..—.M&N Certificates of deposit——Conv sf 4s 1952 -M&S 29 Vi 25 19 53 25 40 78 Vi 106 97 Vi 100 Vi 95 32 Jan. 28 18 26 70 Holland Pap 1st 5 Vis A '48—J&D Rolls Royce of Amer 7s 1937 M&S Roman Catholic Church 6Vis 1946 Rom Oath Church Welfare 7s 1946 29" 104 5 19V4 19 Royal Dutch Co— A&O Deb 4s 1945 with warr 130 92 Vi Rueping (F) Leather 6s '40.-A&O A&O Ruhr Chemical 6s 1948! Ruhr Housing 6 Vis 1958 Safeway Stores 4s s 8£** 22 20 102 J&J f deb '47. J&D 26 Vi 103 St Clair Furnace 1st 5s '39— F&A 53.00 St Joseph Stock Yds 5s '40— F&A 99 8t Louis Gas & Coke Corp— s f 68 1947-— J&D Rky Mt & P 5s '55 stpd.J&J 1st M St L 10 65 A&O 102 Vi Samson Tire & Rubb 6 Vis '39 J&J 101 8altex Looms Inc 6s 1954...A&O 54 Saratoga Victory Mills— 6 Vis 1943 81 J&J Saxon Pub Wks (Germany)— 1st extl s f 7s 1945 F&A ! Gen & ret 6Ha 1951..— .M&N 20" 6% notes 1937 J&J 2SH Schoenstadt (H) & Son 6s 1950 .. 11 77 X8« Stamped (July 1933 coup on] Guar s f 6Vis 1946 ser B..A&< StampecL. Schulze Baking 1st 6s '45 M&S Soott Paper deb 3 Vis 1952—M&S Scovill MfgCo 5Vis 1945—J&J Scripps (E W) deb 5 Vis 1943 F&A Scullin Steel Co-— 1st conv 3-6s w w 1951 A&O 27* M 85 28 11 20 24 32VS 30 74Vi W W* 108 101Vi 102 49 3-68 without warrants '51A&0 Securities Accept Oorp 5s Seneca Copper 7s 1933 58 68 H J&J Schulco Co 6Via 1946 (Vis 41 '46 J&D 12" J&J 1 Sale price, >. >• , •• 41 4 18 89 103 Vi 98 104 36 100 _ Strange (John) Paper 6s *44—J&J Strawbridge & Clothier— M&S Struthers Wells Titusville— 1st mtge 8 f 5 Vis w w 1949. A&O Studebaker Corp 6s 1945 J&J Stutz Motor Car 7 Vis 1937—A&O 104 Vi 41 100 Vi 22 96 21 : Copper & Chemical— & RR 5s 1951.-J&J Term Warehouse 2d 5s '42..J&J Texas Corp deb 3 Vis 1951—J&D Texas Sugar Ref 1st 6s '44—F&A Thermoia Co 5s w w 1951—J&D Three Rivers Grain & Elevator— 1st s f 5Vis ser A 1951....M&S 51 45 95 14 Union Compress & Warehouse— 1st 2Vi-4Vis ser A 1942...J&J 1st 5s 1943-1951. J&J Union Oil Co of California— 6s May 1 1942 ser A F&A 15-yr 3 Vis deb 1952... J&J Union Rock 1st 6s s f 1947..M&S / Union Term Coal Stor 6s '39.F&A United Amusement Oorp— 1st sf 5s ser A1956 F&A United Biscuit deb 5s '50.—-A&O United Oigar-Whelan Stores— S f 5s Oct 1 1952 A&O United Corps Ltd inc 5s 1953 F&A United Elec Coal Cos inc 7s 1946. / United Drugs 5s 1953 .M&S15 United Grain Growers Ltd— 5s series A 1948 J&J 5Vis series B 1949 M&N United Industrial 1st 6s 1945-J&D / Deb 6 Vis 1941 M&N / United Merch & Mfrs 6s 1945 J&D United flpcurUies Ltd 5 Vis 1952. • ■.k"' b Basis, 91 98__ 107 94 58 55 104 Vi 70 51 97 30 29 Vi 85 100 Vi 55 Universal Sewer Pipe 6s 1938.J&J Utilities Rlkhorn Coal 6s 1948 J&J Valvoline OU ext 5s 1947—M&N Vanadium Corp of Amer— Oonv deb 5s 1941——A&O Yan Camp's Inc 1st 6s 1943..J&J 30 27 Vi 27 Vi 102 Vi 20 77 4 84 55" 27 29 9*9* 15* 32 94 4Ji« 1945— -J&D Waltham W'tch & Cl'k 6s *43 J&D Walton Lumber 1st 6 Vis '41 Q-Jan Walworth Co 6s s f deb 1955. A&O 20-yr 1st mtge 4s 1955....A&O Warner Bros Pict 6s 1939 M&S Warner Go 1st 6s 1944. ..A&O Warner-Quinlan Co 6s 1939.M&S Warner Sugar Oorp 7s 1939.J&J 65 Vi 71 67 Oonv s 100 43 47 101 Vi 80 65 94 81 84 00H 88 92" 37 100 90 15 100 Vi Pulp & Paper 4Vis '52 J&D 38 101 75 39 53 53 Weyenberg Shoe Mfg— Debenture 4Vis 1945.....J&D .—-— 100 103 Wheeling Steel Corp— 1st M s f 4Vis ser A 1966—F&A Whitaker Paper 7s 1942 -M&N White Sewing Machine- 90 Vi 108 1940———M&N 91 Vi Wickw Spencer Steel 7s '35—J&J Certificates of deposit / Pr lien & coU 7s Jan 1935.M&N 91 Vi 100 12 Vi 12 Vi Certificates of deposit 106 Vi 104 vi 5 69 93 23 16 Vi 25 95 96 Vi 103 1944.A&O Dairy— 6 Via w w 1944—........J&D Woods Mfg Co Ltd 1st 3s to 1941 —J&J 3 Vis series A 1942-1945...J&J 107 4s series A 1946-1947——J&J 98 A 1930......J&J Secured 6s 1945.. M&S Wilcox Oil & Gas 6s 1945 J&J Wilson & Co 4s ser A1955..-J&J Conv debs 3 Vis 1947 A&O Wilson Line 7s 1945.......... Winslow Bros & Smith— 5 Vis 1943— —M&S Wise Lime & Cement 6s '38. A&O Witherbee Sherman Inc 6s 1944.. Wood (Alan) Ir & St 6s 10 96 93 102 5-year 7s ser 85 96 Vi 80 Vi 100 97 Vi 85 102 75 45" 38 Woodland Farm 85 4 Vis series A 1952 J&J ward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962..Ann Apr Woodward & Tiernan Print— Woldv J&D 97" 96 103 Vi 93 J&J A&O 6s 1942 York Ice Mach 6s 1947 Debenture 6s 1943 90 98 97 97 Vi 94 98 H ' 99 Vi 97 99 98 Vi 99 1,000 10,000 4,900 iOOVi Youngstown 29 1st M 8 Sheet &-Tiibe— f 4s ser O 1961..J.M&N EXCHANGE SEATS No. Last Sale .... 88" N Y Stock Exch—.1,375 $65,000 N Y Cotton Exch— 450 9.750 N Y Cof & Sug Ex. 344 4,250 NY Curb Exch— Baltimore Stk Exch 550 76 139 15,000 800 4,000 3,700 1,900 2,500 6.000 350 5,250 . w ioiH Cleveland Stk Exch 41 Detroit Stock Exch Ft Worth Gr & Cot 66 Kan City (Bd of Tr) Los Aug Stock Exch MUw Grain & Stk. 107Vi 16 i8 65 70 Minn Ch of Comm. Minn-St P Stk Ex. Montreal Stock Ex. New Orl Cotton Ex 99 106 Vi New Orl Stock Ex. Phila Stock Exch.. 74 Vi Pittsb Stock Exch. St Louis Exchange. if* Salt Lake Stock Ex. 69 213 83 600 l",555 3,500 3,200 2,000 2,500 5,000 4,100 5",55o 125 125 1.500 1,300 yS0 500 70 200 115 45 1,000 175 850 1,000 1,100 49 69 1,000 1,250 1,500 500 80 23 Vi 23 Vi IV' | Wheeling Stk Ex. 13 463 6,500 400 11,000 Winnipeg Gr Exch. 87 Washington Stk Ex 2,000 1,250 46,000 78 77 80 5",000 1,500 188 523 19 San Fran Stock Ex. San Fran Curb Ex. Seattle Stock Exch \ Seattle Curb & M. J Toronto Stock Exch 85 66 15" 30 Vi 90 Wayne Coal Co 6s 1937 tlH 93 68 36 Vi 34 5Vis notes 1937 ....M&S Warren (S D) Co— 1st mtge s f 4 Vis 1952....M&N Conv deb 4 Vi« 1952 .M&N Chicago Bd of Tr. 1,549 Chicago Stock Exch 376 89 76Vi 73 Vi 35 13 Vi f deb 6s 1941....M&S Boston Stock Exch. 72 Vi 89 71 Warren Bros Co— 41 Vi 97 Vi 106 Vi 104 Vi 75 85" 117 106 Vi 97 70 100 32 35" 42 103 Vi 99 58 75 Deb Western Fuel Corp 7-4s '50.M&N Western Newspaper Union— Conv deb 6s 1944 F&A Western Steel Prod 6s A '48.M&N 1st s f 6s series B 1948 M&N 95 102 100 9Vi — 98 W Va Coal & Coke 1st 6s *50.J&J 119 91 e 35 West Chain Stores 6s ww'39 M&N 82 121 35 104 Vi 3 67 24 82 Vicana Sugar Co 6s 1955 J&J Victor Amer Fuel 6s 1940 F&A Victor Fuel 1st s f g 5s 1953—J&J Va Iron Coal & Coke 5s '49.M&S Vulcanite Portland Cement— Deb 6s 61Vi 86 Vi 65 83 94 Van Dorn Iron Wks 7s June 11942 Vertientes Sugar 1st 7s 1942. J&D Certificates of deposit.. Viau Biscuit Corp 6 Vis '46—J&J W Va 63 50 100 , 85 56 46 45 95 61"" 155" 101 73" 87 57 41 Vi 20 111 27 H M&S Webster C&O 1st g 5s '42 op M&S West Disinfecting 6s 1940..J&J West Indies Sugar 6s 1947--A&O 108 Vi 102 Ticonderoga Pulp & Paper 6s '40 100 Vi Tide Water Assoc Oil 3 Vis '52J&J 23 Tietz (Leonard) 7 Vis x-w '46-J&J 20 Tilden Lumb & Mills 6 Vis'46M&S Tokheim 011 Tank & Pump— 100 4Vis conv deb 1947—...F&A Tomahawk Kraft Paper— 52 1st 5s (with stk) 1951 A&O Trask Timber 1st 3s 1944— .J&D / 85 Turner Glass Co 1st 6s 1939-J&D Ulen & Co— Conv 6s 3d stpd 1944 F&A Certificates of deposit..—. Conv 6s 4th stamp 1950. _F&A UnifiedDeben CorpSs 1955 8§** U S Pipe & Foundry Co— Oonv deb 3 Vis 1946 -M&N U S Print & Litho 6s 1950—A&O U S Radiator deb 5s 1938..-F&A conv deb s f 5s 1946 F&A 25Vi 83 Sugar Estates of Oriente— 3 1st 7s 1942 ctfs of dep M&S / Sugar Pine Lumber Co— 40 1st M serial 6s 1932-1942.M&S 95 Superior Steel Corp 6s 1938. J&D Susquehanna Silk Mills— 10 Si nk fund deb 5s 1938. .—-J&D / 106 Swift & Co 3 Vis 1950... M&N 93 Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel— 78 CoU inc 7Vis July 11958—A&O Coal ,29** 104 103 Vi 93 88 7 98 1st 7 Vis 1943 M&N Wabasso Cot'n 3Vi-4Vis '51 F&A Walker (Hiram)-U & W— 37 Stinnes (Hugo) Industries— 7s unstamped 1936. J&J 4s ctfs of deposit 1936.-J&J 2d stamped 1940 J&J Tenn 91 43 Stinnes (Hugo) Corp— 7s unstamped 1946--A&O 4s ctfe of deposit 1946.-A&O 2d stamped 1946 A&O memberships are fixed, y 80 seats, 70 members. v 90 Vi A&O _ t 75" 45 Steel Co of (Jan 6s 1940 J&J Stern Brothers 6s s f 1947 J&D Stevens & Thompson Pap 6s 1942 Stillwater Worsted Mills— Deb 5 ka A1943. F&A f 5s 1948 i 98 71 65 / ; i'rice of Wheeling stock Exchange prices 96 Stanley Co (Camden) 6s 40 J&D Stanley Crandail 6s 1946..F&A S tanly-Ro wl-Clark 6s 1946—F&A Starrett Corporation— Secured cum inc 3-5s Apr 1950- s 106 Vi 71 A&O Ai 8 U S Cold Storage(Chg)6s'45.J&J U S Cold Storage (Kan City)— 1st sink fund os ser A 1946.F&A 1st sink fund ser B 1949..F&A U S Finishing 5s 1944 J&J / OVisseries 01951......—J&D 6 Vis series A 1947-. .J&J United Stockyards Corp— 15-yr coll tr 4 Vis A ww '51 A&O United Wall Paper Fac 6s 1947— 103 72 |5Vi St Paul Un Stk Yds 5s 1946. Sayre & Fisher Brick 6s 1947.J&J 68 Spang Ohalft & Co 1st 5s '48 J&J Spirit Lake Transfer 5s 1946.. J& J Springfield Ice 7s 1944 J&D Square D Co deb 5s A 1945..F&A Staley (A E) 1st mtge 4s '46.F&A Standard Ice 1st 6s 1947....F&A Stand OU (N J) deb 3s '61—J&I> Stand TextUe Prod 6 Vis '42 M&S 1st 95 98 60 106 Vi Conv deb 6s 1944 ser B M&S Tenn Oorp deb 6s ser O '44—M&S Tenn Prod 1st 6 Vis 1936 J&J 103 98 91 vi 27 103 2 102 Vi Mtge Oorp— Coll trust 6 Vis 1940 M&N Gtd coll trust 6Vis 1942..J&J U S Rubber 5s 1947 ser A....J&J U 8 Trucking Oorp 5Vis'43—J&D United Steel Works (Germany) 6 Vis series A1951 J&D 98 Southwest Dairy Products— 6 Vis w w 1938 M&N Conv Income 5s 1944 So'westera Devel't 4s 1942—J&J Tenn 52 Vi „ A&O Rocky Mtn Fuel 5s 1943 Hi** 76 91 Richm'd Cedar Wks 6Ha '45 J&J Richmond Hos Mills 7s 38—F&A Richmond (Va) Ice 6VjiS '42.A&0 Rima Steel Corp 1st s f7s *55 F&A Riordon Pulp & Paper Ltd— 1st 6s June 30 1942—J&D30 River Raisin Pap 1st 6s '45—F&A Roberts & Oake (Chi) 6s '44.M&N Roch & Pitts O & 15s *46—M&N 93 Vi 98 Vi conv 6s 1946.F&A Southern Ice 1st & ret 8s '42. A&O Southern Kraft Corp— 1st leasehold 4 Vis 1946—J&D Southern New England Ice— » AsS6Qt/6(l 40 75"" 92 82 J&D J&D 1st s f 4 vis 1967 Southern United Ice Co— 1st 4s w s 1950.. 102 72 H 90 Vi Oorp— 73 1940 1st gtd 6 Vis 1940- 405 101 60 8ou Ice & (JtU 47" 85 102 68"" ...... 96 72 44 98 Ji Gen mtge inc 6s April 1950 Southern Advance Bag & Paper— 1st s f 6s 1947 J&D Southern Brighton Mills— 1st gtd Purity Bakeries 5s 1948.....J&J Quaker City Cold Storage— 1st s 15s 1953 -M&N Ra dio-Keith-Orpheum Corp— Part paid ctft (for 6% deb and common stock) 65% paid.— Debenture gold 6s 1941— J&D Convsf deb 5 Ha 1947........ Railway Express Agency Inc— _ South Coast 98 Vi 59 Vi 385 99 7s, 1940 J&J Signal Oil & Gas103" Con v 6 Vis A 1945 M&N 16Vi Slgnode Steel Strap 3 Vis '45.A&O 5 Silesian-Am Corp 7s 1941—F&A Sllverw'd Dairies 5s '41 to '51 J&J 15" Simmons Co Conv deb 4s 52 A&O 35 Simpsons Ltd— 1st & coll 4 Vis A 1951 J&J 109" Skelly Oil deb 4s 1951 J&J 9 Siattery Co 1st 6 Vie '45—M&N ioo vi Smith (Howard) Paper Mills Ltd 1st 4Ks 1951 J&D Smith (L O) & Corona Typewr'rs 108 Deb 2%to4Vi % to 1946... J&J Smith & Wesson 5 Vis 1938—J&J Socony-Vacuum Oil— 107 Deb 3Vis 1950 A&O 94 Potomac Realty Atl Deb Oorp— 3-6s 1953..... Potrero Sugar— 7s stamped 1947..——-M&N Pratt Cons Coal 1st s f 5s *55 J&J Pressed Steel Car Co 5s '51.-J&J Price Bros & Co Ltd— 1st 5s 1957 -M&S 2d conv deb 4s 1957......M&S Produce Term & Cold Storage— 1st income 6s 1958 J&D Protestant Church of Germany— 7s 1946 * A&O Prov Paper Ltd 5 Vis 1947—M&N 5s 5s 55 Ann Apr Bid U S Bond & 1st s f 6s 1947 —J&J Siemens & Halske 10-yr 7s '35 J&J Deb g s f 6 Ha *51 with war M&S 39 _ 1st gold 5s 1957 op ...J&J Poor & Co s f deb 4s 1946...A&O Portld Woolen Mills 6 H s'41 M&N Porto Rican Amer Tobacco—_ Conv 6s 1942............J&J Potomac Bond Corp 2-5s 1953... Potomac Cons Deb Corp 3-6s '53. Potomac Deb Corp 3-6s 1953—. Potomac Franklin Deb 3-6a 1953. Potomac Md Deb Corp 3-6s 1953 Ask 97 Vi Deb 6s 2930-— 1943.............MAS Bonds 107 15-year 3 Vis debs 1951—M&S Sheridan-Wyoming Coal Co— 104 6% notes w w 1938 M&S Phelps Dodge 3 Ha 1952 J&D Phila & Bead O & I 5s 1973..J&J Oonv deb 6a 1949.. M&S Phoenix Iron 1 st s f 6s 1946.M&N Phoenix Silk Mfg 7s 1943...F&A Serial Series Bid Ask 35 s Bonds Serve! Corp 5s 1948........J&J Shell Union Oil Corp— Bonds Penn Mercantile PropertiesSecured 5 Vis 1948 A&O 72 37 20,000 4,800 250 113 40 85,000 500 750 30O 75,000 500 6,100 7",355 67 f This price includes accrued interest, k Last sale, n Nominal, r Canadian Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Stocks Par, Stocks Ask Bid Par Bid Dixon Mills STOCKS 66 Drayton Mills....20 Dunean Mills 20 TEXTILE 5 28 Preferred Berkshire Durham 100 19** 225* 70 50c 75 19 21" 10 12 mm mm Co Spinning 82 * 6 38 4X 20** .... ~7 16" ' 55 Wabasso Cotton Erwin Cotton....20 18 20 110 mm 7 % preferred Gaffney Mfg Conv pref Glenwood Mills 96 43 47 10 12 8 10 20 25 Grendel Mills Preferred...... 20 10 Hanes (F H) : 100 Cotton 5 * 18 __ 19 Hathaway Mfg..100 50 Kilburn M (NB)_75 Luther Mfg 100 27** 22** Martel Mills 1 95 85 mm 1 IX 97 95 8.50 17 24 14 14** Industrial (Baltimore) l00 Preferred 100 Nashawena M * Nashua M (N H) 100 12" 9 55 50" 5** 4** 10 13 45 Laurens C M 9 11 Limestone Cot Mills 100 IB"" 16" 13** 13** 75 * Pepperell Mfg 100 Pierce Mfg 100 Pilgrim Mills 100 Plymouth Cord. .100 Como Mines Consol 10 Cons Min & Smelt .5 Copper Canyon.10c Copper Range * 7 48 90 8 10 13 13 15 15 Piedmont mm mm mm 44" Saratoga Victory Mills common.i.* 1 2** — — — - 20 m 102 96 3** 53 7% preferred 4X ■ m mm m 1 m 7 Belton Mills (SO). 25 9 101 96 4 B. / ■ 7 % preferred 33 Chiquola Mfg 20 6% preferred .Clifton Mfg (SO) 100 -Climax Spinning. .50 Columbus Mfg (Gaj -Converse (D E)_100 Cowpens Mills .Crescent Spinning.. Preferred common mm mm m 82 * 3 99 18 com . _ 20" 54 ** 60 14 ** 16 mmmm 10 89 22 43 109 46 85 90 mmmm 65 mmmm 78 35 7% preferred Wellington Mills..* 103 106 ' 95 14 mmmm West Point Mfg 76 86 91 Winget Yarn Mtge 6s Wiscassett Mills Woodside Cotton.20 19** 9 03 X 43 X 10* 2* 22* 116* 1* ux 25X 35 35** 20 Mining. .1 Island Creek Ooal.l 1 Isle Royale Cop. .25 Jardine Mining 1 Kennecott Copper.* Kildun Mining 1 a City RET (O). .500 Congress St Associ¬ ates (Boston) .100 Factory Bldg Tr.100 Fifty Associates (B). a a Kimball Bldg Tr a a a a .... ■ a a TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS. Bankers Bond & ' Bond & M Guar..20 EmpireTitle &Gul00 Home Title Ins (NY) 2c 10 IX Lawyers' M Co 20 Lawyers Title & Guaranty 100 Natl Surety Co. .10 Title Guar & X Trust of New York...20 INDUSTRIAL AND MISCELLANEOUS A B Stove * Lab'tories.* 4**% convpfd 100 Abbotts' Dairy * Kirkland LakeGold 1 Lane Rincon Minesl Lake Sh Mines Ltd 1 Lava Cap Gold Mini Louisiana L'd & Ex 1 Lucky Tiger Comb Gold Mining...10 Magma Copper OolO Mayflower-Old Colony Copper.25 McIntyrePorcupine5 Common .... $6 preferred 1 75 Abitibi Pow & Pap_* 6% pref 100 7% preferred—100 Abraham & Straus.* X $ 56X 8X h M 8X Steel 25 Acme Wire v t c__20 Adams (J D) Mfg—* 85c 30X 106** 15 Oil & 30c 44 H 8 *A 44 J* 19** Gas.* Mul tigraph Corp...10 Advance Aluminum Advance com 6 Rumely..* 6% preferred A.50 Aero Supply Mfg— Class A * Class B and Mines com. * New Jersey Zinc 25 . 2X * Aetna Ball Bear Aetna Brewery 1 1 Aetna Stand Engine* Preferred .—.100 . 2 2X 67 68 X ih* 5 Addressograph Aeolian Co— 10c 33 IB Castings 25 24 n* 20 .* Adams Millis Adams 14 46 1.80 * Adams Express Agfa Ansco Agnew-Surpass— * Shoe com * 20** !B 6 13 3** ex 5c 3** 50 31** 100 M Mfg....5 ex Preferred AInsworth Air Associates Air Devices • 100 Acme Canada ♦ Mother Load Coali'n Mines ..* Mt City Copper.... National Tunnel 6 a Chic R ETrus'g. 100 Abbott Mining Corp of 5 W'h'se.lOO Boston Wharf 100 Cent BldgTr 100 Abercrorable & Fitch 20** 90 138 a 14X 12 X Miami Copper....5 85 132 17 2 8X it* 70 20 Mills 58 4X 57 12 16 Preferred 52 70 4** 24 X 10 X * $6 preferred 66 19 100 Internatl 51 49 85 95 50 8X * Smelting Warrants 46 10 65 1 .... 2d 5% pref...100 Wallace Mfg Co Ware Shoals Mfg 100 13 60H 42 X Inspiration Cons Copper ' .50 96 70 45 5X X 5 Illinois Zinc Mills 92 PWl'gt9» Mfg(SO) 5 4 43 1st M 6s Jan 1941 4 35c X 63X 12** Howe Sound Co Hudson Bay Min 21" 115 18 7% preferred..100 Victory Yarn Mills— Dallas Mfg (Ala) 100 13 86 & 9 mmmm «o; Homestake Mines ' _ 36 ■ 1 14 6 preferred .China Grove Cot 94 38 Hecla Mining 25c Hollinger Mines 5 8** TjfBos)-100 Mortgage Guar..* 45 34 Chadwick-Hoskins .... 75 105 40 63 Power common-.5 Greene-Cananea. 100 Victor-Monag Co— . Goldfield Consol Mines 1st 7% pref... 100 7X .... Bos Stor Granby Cons M S & Common 4 *f X ex 92 55 * 13 IX 39** & 101 17 26 9 45 10 74" Smelting com. .10 7 % profoiTGdl 00 Golden Cycle Corpl 0 ..5 Yukon Gold a 75c 50c 15 20 Union-Buffalo 90 . 7** 5X X 90 Class A pref. Class B pref. 80 mmmm 86 1 Calhoun Mills Mills 73 75 30 100 6 69 Preferred. 26 8 a 1 10 Federal Mining IX • Hotel Tr(Boston)100 30c Eagle Pich Lead. .10 29" 1 Hargreaves Mines Bos R E 7* 5c # Evans Wall Lead..* 7 % preferred 100 100 Walker Mining 40c 2 48 36 3c 85 _ IX 95c REAL ESTATE TR & LAND STOCKS Bd of Tr Bid Tr.100 Bos Gr'd R'T Tr 100 K 86 . 100 Weaving.. Southern Worsted pf Spartan Mills 100 Startex Mills.....20 Sterling Spinning Stowe Spinning Textiles Inc com..10 25 93 98 IX 20c 38 Saxon Mills 7% preferred— Cotton b Co P 8% 11 Southern 63 25 7*4 68 64 Process 100 .100 IX Mexicana__50c _ 25c 100 Utah Copper Co. .10 Utah Metal & Tun.l !X ' 59 100 25 3*| 3** IX * Southern Franklin 63 Anderson Cotton Burlington Mills 63 Bleacher y Southern & Print Wks——* 4 mmmm Amer Yarn & Proc— Dome Mines Ltd mmrnrnm Sibley Mfg (Ga).100 Smyre (A M) Mfg 10 7% preferred Abbeville CM(SC)10 Acme Spinning Mills * Gold.5c Gold Min & M..1 70 23 6% preferred mm 8X Southern Mills Alabama 5 mmmm Riverdale Mills pref. Riverside & Dan RIv 13 X Rowan Cotton Mills 35 7X 25 1 Copper Cusi (F W) Mfg.. 100 Common Copper 93 Rhodiss Mills 7% pf 40 * 89 20 30 13 Oresson Consolidated 118 27 Mfg Chile 50" Pickens Cot Mills mm 29** Chief Consol Min__l Cornucopia 53 Cot Mills... 100 7% preferred ;. Pacolet Mfg 100 7% preferred..100 Perfection Spinning. 30 Cannon 3 44 Orr * Bibb Mfg. Brandon Corp A IX 50 Nat Yarn Mills 4 100 Avondale Mills Beaumont Mfg 7 % preferred 70" 5* Cotton. Mooresville Poe Mills 1 78 Mfg Mills Carnegie Metals Central Am Mines. 1 Cerro de Pasco Newberry C M..100 Preferred * SouleMill (N B)_100 Wamsutta M 100 Co 5 Musgrove Cotton— 20 Zinc-Lead 1 Calumet & Hecla 98 Norris Cot Mills Mills 50 39 Butte 88 21X Sanford Callahan X Wright 57 mm mm 34 52 r C2** Cop & Z Co.5 & Sup 10 39 • mm 5 6 Sull'n M & 74 7 3X 10 3c Dredg ing, Ltd Butte 12** 5** Mining.lOc Teck-Hughes G M.l Tonopah Belmont. 1 Tonopah Mining. .1 Union Copper Land & Mining 25 Bunker Hill 75 75 2X Silver-Lead. 1 Sunshine S0H United Verde Ext50c 82 Notes Sagamore (F R) 67 *7**" 5 King Coal—.6 Stand X Gold lc ..1 1 So Am Gold & Plat.l 3?* 2** pref—100 96" Co (F R) 100 Saco Lowell Shops New common.. Silver 31*1 10 Joseph Lead San Toy Mining Seneca Copper Shattuck Denn 1 Mills. .100 Mill St 12** 5 Black Hawk Consol Mines Mills Monarch 94 St Anth Gold M...1 4c 1 Bulolo 2X 17X . — Copper 9 2 Quincy 25 Roan Antelope Min Ltd Amer shares. STOCKS .... Quissett Mills 100 Rich Borden Mfg Preferred B 106 80 2 20 106 100 60 Powdrell & Alexander Preferred A 100 2*1 Pocahontas.....* Premier Gold M Majestic Mfg — Marion Mfg Co Marlboro O Mills..4 30 common 5 Powdrell Dartmouth 106 2X Mining..25c Pond Creek * 98 rnmmrnm 45 100 Linford Mills Pacific Mills , mm King (J P) Mfg.. 100 41 Nonquitt M (N B)_* Class 95 100 1 2nd preferred Nelld Mills y ioo Bagdad 80 pflOO Preferred B 100 61 7 10X 10 Polaris i 62 75 Judson Mills A Amer shs ctfs Pioneer Gold Ltd..l 1 r Preferred 2** 42 Cotton pref 2X 106 106 100 65 56 Mills 100 Preferred Arcade Mills Inman 24X Consol Mines... 1 Enterprise— Backbone Gold.. 28 Highland Pk Mfg 20 6% preferred-.--Imperial Yarn 30c __* 19" Austin Silver Min. -1 14 ■ Mohawk Carpet-.20 Mt V-Woodb Mills 55 18 * Ariz Comstock Henrietta Mills— 4% preferred $3 prior pref 55 m 14 Mills— 6% preferred—... 33" 105 _ Park-Utah— 110 Altar Cons Mines. J* Amer Zinc Lead & Smelting 1 $5 prior conv pf 25 AnacondaCopMin 50 \ndes Copper M.20 114 IX 56 49c Pacific Tin . r Admiralty Alaska Gold Mining.. 1 Juneau Gold 37 * 10 108 29 Mines North Butte. 2.50 Old Dominion Go.25 Alaska 20 32 Knit.5 Hartsville Cot Mills. 30 100 Prior preferred Hanover 1 10* Gosnold M (NB)._« Preferred 17 7% preferred 62 6 r Mining Hamrick Mills 58" Draper Corp Farr Alpaca * Rosario Patino Mines & MINING 100 Gossett Mills 100 Preferred 9 35 10 Dexdale Hosiery— Preferred 100 General 97 37 7** Mfg..20 5 Noranda 1937 58 95 G"anteville Nlpissing Mines 149 1930.... m 96 29 Gainesville Cot Mills 72" 69 r Atlantic Mutual— mmm 54 93 33 50 10 Mills. .100 Charlton mm 92 preferred Ltd com.* Preferred 100 96 mm mm mm 6 10 Co 70 MARINE INSUR¬ ANCE SCRIP * Mills— Preferred Preferred 45 - 60 N Y & Honduras r Domin Text Ltd Penmans 100 Boss Mfg com Bourne Mills Brighton .• 11 Florence Mills 88 100 Preferred 100 Border City Mfg 100 r 10 100 Preferred 80 — r * 100 Montreal Cottons. Preferred 100 25 56 52 Serial notes 22 87 100 Mfg 18 5 14 10** r 100 Preferred 31 13 68 7% Preferred Can Cottons Ltd 100 28 Per share 56 52 X Newmont Mining. 10 Converters. 100 Can 60 Flint Mfg 52 Bigelow-Sanford Booth 30 Bid Par New River Co...100 6% preferred Fair forest Finish Co Jmmm 34 48 Carpet common. ♦ 19345 Canadian Mills 76 7 Hosiery 6% preferred Eagle & Phenix__100 Eagle Aarn Easley Cotton Mills Stocks Ask Bid Per share Enterprise Mfg(Ga) Fine Mew preferred—* Pref unassented * Par 7% preferred Eflrd Manufacturing 60 100 Stocks 109 7 % preferred Northern Mills Algonquin Print. 100 American Mfg.. 100 5% Pr.i erred .100 Amoskeag Mfg * Arlington Mills 100 Barnard Mfg 100 Beacon Mfg 100 Ask Per share Per share ..1 Corp..1 7 X t 2''.*: > r 1 Purchaser also pays accrued dividend, f Flat price k Last sale. I Par value Si00. n Nominal. r Canadian price. t New stock. FEB., 1938] INDUSTRIAL Stocks Par Bid Stocks Ask for the closing day of the month preceding the date of Issue Ask Bid Par Stocks Bid ar 100 5% Vot trust ctfs 5 Alberta-Pacific Grain class A_. Preferred 100 Alexander Dept Stsl Atlas Amer 100 Atlas Amer Mach & Fdy.* Am Mach & Met--* Am Maize Prod .* Amer Alexander Hamilton Inst common * 8% preferred. 100 Algoma Steel com.* _ 6% 100 conv $5 American Meter...♦ American News Co * Allen Industries 1 Allen town Portland 100 Allendale Corp Amer Optical Preferred Allied Brewing Distilling Co Allied Chem & Corp common 5 & 1 Dye * 35c Amer Radiator & Allied Paper Mills.1 Allied Prod (Mich) cl A conv com..25 Common.-----10 Common 5% preferred--100 Amer AUis-Chalmers Mfg Alloy Cast Steel---* Alpha Portl Cem. .* preferred..* Aluminum Co com.* 127 Indus.-* Ltd 1 10 * Amer Agric Chem 6% preferred 50 Bemberg com.* 67 Preferred..--.100 Am Woolen Co Preferred 5 * 7 % preferred. -100 Amer Wringer * 29% 5% 1% Amer Writing Pap Anaconda Wire 32 % 5%% conv pf_100 American Can 25 125 76 7% preferred.. 100 Canadian Properties i Am Car & Fdy.—* 7% preferred.. 100 Amer Carmel. -.100 Preferred 100 Amer Centrifugal--1 Am Chain «k Cable.* 5% preferred--100 161% * 93 97 15 common.-* Andlan Nat Corp..1 23 40 Angostura-W upper- 10% 2% 14% Corp 150 98% Apex Elec Mfg Applied Arts Appolio Steel 100 1PW Paper 100 Commercial Alcohol com—20 Am Crystal Sugar 10 6% 1st pref..-100 Am Cyanamid A. 10 Class B 20 a!* 1st 2d * 14% Common 80 Jan. 17 6% preferred..-10 4% Arnold. - - - 7% 6% 5% 65 97 32% 8% 6% Works Aircraft-—1 Amer Felt common * 100 Amer Forging and Socket com * Amer Fork & Hoe. • Preferred 100 Am Fruit Growers.* - 50 Am Furniture .1 Am Hair & Felt.--* Preferred 1st .preferred—100 2d preferred--100 Amer Hard Rubb_50 8% preferred--100 Amer Hardware. .25 Am-Hawalian S3.10 Am Hide A Leath—* 6% preferred 50 Home Prod—1 Amer Hosiery 25 Amer Ice Co * 6% non-cum pflOO Hegeman 6 102* i!K $ 12% Bender Body corn..5 Bendix Aviation—5 Class A 85 Art Metal Constr.10 Art Metal Works. 5 I§" Arundel 15% 6 _ Corp * Asbestos Mfg com.l Conv Purchase warrants Preferred 1 Ashland Oil & Ref.l 9 r 7% preferred Assoc Dry G'ds 1 6% 1st pref— .100 7% 2d pref—100, r V t c common Beth Fdy & Preferred 78 Beth Steel (Del) 6% 11 Jan. Nov 12 Atl Coast Fisheries * Billings & 4% 3% 5% Preferred Class B Preferred —1 Birdsboro Steel Fdy & Mach com ♦ Birtman Elec Co.-5 Preferred * 7% 18% Black&Decker Mfg * 14% * 13% $3 Preferred * Without par value. * Last sale, n Nominal, r Canadianlprice. x Ex-dividend, * t New stock. * ol* 32 29 ~2~" Oct 8 Oct 23 5 4% 43 2% 16% 2% 2^ 7H 13% 10 IS 117% "ill % 20 pref..30 * 50 — Byers (A M) com. .* 7% part pref--100 Byers Machine-.. Byllesby class A * 50 * — Spen—25 Blauner's com conv Butter!ck Publis BIng 3c Bing—...5 Binks Mfg com Butler Bros B/G Foods Inc * 7 % preferred- -100 Bickrords Inc * Preferred * Rayon.* Bush Term Co 7% debenture. 100 Mach.* 70 1 Bush Term Bldgs 7% pref ctfs--100 5% preferred—-20 7% preferred--100 Athey Truss Wneel 4 Conv preferred..* Warrants Burry Biscuit-12 %c % Preferred-——-* * Assoc El Indus Ltd Am dep rets ord Associated com— Machine Best & Co 70 A* 95 29 | Burns Bros com—* Bessemer 68 .4% Burroughs Adding Limestone 6 Cement com--* 11 12 110% 6% 17 7% preferred-.100 3% Asroc Brew (Can).* Assoc Laundries 12% Borland Shoe St—* 1% 42 28 8 niture common-. 1 6 16 8% 5% 8 5% 41% Burco Inc Berghoff Brewing--1 Berkey & Gay Fur¬ 19 17* sl% Bunte Bros com..10 Bulova Watch Burma Corp Ltd— Am dep receipts.- 4 58 55 3 !Q% 6 40 8% &H 52% 52% Hedges. _* pref * 8 36 16 8 79 90 16 * Preferred 8 15 * 7 % preferred- -100 Bullard Co Beneficial Loan Soc * Industrial Loan common * _ 29% common. Buda Go com 100 Budd (E G) Mfg..* 7 % preferred- _ 100 Budd Wheel 5% 6% % 4 * £1 * * pref. .100 Burd Piston Ring-.l Burdines Inc 1 Preferred * 39% Elec. 10 registered cum Beneficial 7% preferred.-100 Amer 50 50 2%H 3% Bucyrus-Monfghan __1 Aircraft—1 Benson & Artloom Corp * 4 Arrow Hart— Preferred » 4% 6% % 30 Equipt Corp.. 1 Arrow 5 7% Belmont Radio--* Belt RR & Stk Yds Common.. Preferred 3% 6 18 Bucyrus-Erie Co. Mfg com—10 Bellanca 3 2% 38 3 —.* 5% preferred Aro » 32% Constable.5 Print Common Amer Equities Co-.l Amer Express—100 Am Fabrics, pref 100 5% 63 4 * $5 preferredBuckeye Pipe L--50 Buckeye Steel Cast * preferred..100 preferred..100 Belden 24 Brunswick-Balke- Bell Aircraft 6 $6 conv pr pref-.* 7% preferred-.100 Armstrong Cork * Armstrong Rubb A* Arnold 100 2k Bruce (E L) Co Bruck Silk Mills Belding Hem'way. . * 98 20c Brown Shoe $1 % conv pref.20 Aircraft 1 pref. .100 Armour & Co (HI)— 1% 10c Class A pref * Brown Rubber..—1 19 10% 110% Beech-Nut Pack-.20 guar 1 common Beech 7% 27% % Brown Fence & Wire 17 Collender Arcturus Rad Tube * 10 * Distillery Cream. .25 Argo Oil 26% 26% 100 Preferred Brown Co 6% pf.100 Brown Durrell * Brown Forman Beaunit Mills Inc. 10 Armour & Co of Del 12 29 80 $5 preferred w w_' Bearings Co (Am)-* 7% preferred-.100 25 Amer Amer Distilling pf 10 Amer Encaustic Tiling Co 1 10% Dec Warrants Archer-Dan-Midl'd * 21% 21% 26% 20 Brockway Motor— Truck common. _* com. Beatrice Vpponaug Co.——* Cigar Co preferred--100 7% 1 common..25 Mfg _* 1 10 Preferred 5% 100 Bathurst Power Beaton & Cadwell —1 Anheuser Busch.-20 Antilla Sugar.-.100 20% British Celanese Ltd Amer dep rcts.lOs * 32% Brit-Amer Oil Ltd— 12% (Lud). 58 36 29% 6 Bristol-Myers 2 50 34 25 25 10 ..1 Bastian-Blessing ..* Preferred --.20 Bayuk Cigars 7% 1st pref...100 50 * Class A 3% 24 9% 8% 28% Oct 23 Coupon * Registered * Brit-Amer Tob reg£l Ordinary bearer £1 25 pref..25 Bates Mfg Bath Iron Wks sfr 2i* * Bristol Brass irs 5 Basic Dolomite Mfg Brinks, Inc 30 . conv pref-_* Anchor P & Fence.* Amer Cigarette & Amer Coal (N J)..25 Amer Color type-.10 2% * 78 man n 2% 13% conv B-. 7 % preferred- _100 Brillo ..10 5% preferred. .100 Bay State Fishing.* 2 8* 13% 1% % Optical $6% 20% 39 Class Brill Corp class A..* Class B * 15 Anchor Glass 21% 28% 27% Briggs & Stratton..* *ignt Star Elec— 33) 125) 164 21 9 8% 8% * Briggs Mfg 7 % preferred .100 Bausch & Lomb Amer 84 38 Anchor Cap—Name changed to: Hocking 81 7% Baumann 40% Bridgeport Brass..* Bridgeport Mach..* Preferred 100 8% ..1 Bros 6 Paper A & Cable com "4% Refining.! 6% 6% *4% Brewster Aeronaut'! 1 Bartgis Bros com__l 7% 25 5% "3% Barnsdall Oil * iin 20 15% 30| com Barnsdall 1 10 1) 12) Brewers & DIstillers5 100 pref 50 Barlow & Seellg cl A5 19 24 7* .100 preferred * Brach (E J) & Sons * Brager Eisenberg-.l Breeze Corp 1 5%% .* 18 22 A.65 Hotels* 1st preferred. Barber Co Inc 10 Barber (W H) Co.. 1 Bardstown Distill._1 Barium Stainless Steel 33 16% 2d Preferred 100 Bankers Industrial— Service cl A i* Barker 4% 30 Blltmore Common 9% 2 II. 3% Bondholders Baldwin Rubber 1 Bancroft (J) & Sons* 6 Am 9 Baldw Loco Wks..* Com assented-V t c for com 13 pref pref new Bond rights.. 10 BourJoi8, Inc * $2.75 cum pref-.* Bower Roll B'r'g..5 100 ?! '% 1 5 — Preferred Baker Chemical * Balaban & Katz..25 6 . Common Mills A Bowm Bilt Transformer. 10 Preferred 10 Chicle 67% 139% Amer Wind GlassClass A 100 Class B - 56 4 ..* Botany Worsted 25 Preferred 70c 35c 50 A Common Bowman Type Found.. 10 7 % preferred 100 Am Vitrified Prod.* Class A 100 Am Beverage Corp.l 7% preferred 5 American Book—100 Amer Box Board.-1 A.Brake Sh & Fdy Common --* 18 66 _ Class New warrants 28% 117% Sugar Ref.100 Sumatra Tob—* Am * Am Bakeries pref 100 American Arch 23 110 Botany Consol Mills 87" 15 * 21 Am (Delaware).. --.* Amer Air Lines...10 20% 21 26 * Preferred 50 Amer Thread pref. 5 Am Tobacco coni_25 Common B 25 6 %preferred_. 100 6% conv pref—50 Amalg Sugar 5% preferred Amerada Corp Am Bank Note 51 Amer Thermos A 1 Leather Amer . 7% preferred-.100 Am 20 Rubber com..* Preferred 100 Aviation Corp(Del)3 Axton-FIsh Tob A 10 Class B 10 Preferred —100 Babcock & Wilcox.* 133% _ Amer preferred--100 Axnal 7 % preferred 100 American Snuff. .25 American Stores American Stove 6% preferred..100 Alum Goods Mfg--* 6% 15% i?* ..* 6% non-cum pflOO Am Steel F'dries * 12 % Altorfer Bros— Aluminum Seating Amer Ship Build--* Am Smelt & Refg._* Common 88 Backstay Welt .* Badger Paper Mills * 20H 18.50 American Screw. 100 American Sealcone.Amer Seal-Kap 2 Allied Stores Corp.* 18 9 6 25 w w 40 15 Traveler Corp * Hosd Warrants 7% cum pref100 Republics com 10 Amer Rolling Mill 25 4%% conv pf 100 Am Safety Razor B Boston Woven pref 25 com 6% pref Stand Sanitary..* Allied Mills Inc A * * 12 1% Avery (B F) & Sons 5 Am Allied Laboratories * Aluminum Class Am Potash & Chem * 18 86% 28% 87% 41% 12% Boston Herald- -.3 conv 17% 14 17% 22% Automobile Banking $1.50 29% 26 Borg-Warner Corp.5 Borne Scrymser__25 Automatic Washer— 50 0% preferred -.50 29% 2J 16) 15 7 preferred--100 Common Automatic Refrig.10 Automat Vot Mach * 7% 1st pref 100 Allied Kid Co com.5 Conv * 5 * 42 Bond Stores com.-l 5 Class B Amer Pneu Serv 41 Borden Co Automatic Prod Common 19% Bon Ami com A ment common—.5 * 18% Bohack Realty pf100 Bohn Alum & Br. .5 6% preferred-.100 Class A 2% 1% 1st Automatic Instru¬ American Piano- Cement pref—10 Alies & Fisher * Alliance Realty Preferred * Autocar com.....10 pref—100 * * $3.60 Preferred..* Allegheny Steel conv _ prior A—* cum 14 pfnew25 5 Bloomingdale Bros. * Blumenthal (S) com* 7 % preferred- 100 Boeing Airplane--.5 Bohack (H C) com.* Tack .* Auburn Automob—* * lH 1 5% 5% conv pref--100 Maracalbo—1 Amer Metal Co Powder 11% 11% 1 6 % conv pf new 25 Austin Nich & Co..* . —* common Bliss & Laughlin Atlas 7 % preferred4% New Plywood * Conv preferred-20 Locomotive.* share Bliss (E W) Co- * non-cum Pipeline.—.* Atlas Am Laund Mach_20 Ask Bid Per pflOO Atlantic Refining.25 4% conv pref. 100 Atlas Brewing 1 Foamite Corp.-10 Warrants .AJberene Stone of Va Preferred * Preferred 50 Am Internat Corp.* Amer-La France & * Albany Packing. 100 Preferred-. Par Blaw-Knox Co Atl Gulf & Wind SS Lines Amer I G Chem A.* 47 % Amer Insulator Air-Way Electric Appliance Stocks Ask Per share Per Air Reduc'n com..* 85 STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible - -.* * - & 9% 34% 3% 5 6* l* 86 INDUSTRIAL Quotations for all securities Stocks Bid Par Stocks Ask Par Per share Byron Jackson Cable El Pr v 17 ♦ 173 H t c._* Calamba Sugar Estates com—20 22 20** Calif Pack Corp—* 193* 5% preferred—50 Cambria Iron 50 47 ** 8* 52** 55 Gannon 12** 12** 4** Preferred 90 44 Campbell Wyant & Fdry—* Canada Bread..—* Class B 4 .100 50 pref 95 Can Dry Ging Ale.5 Canada Forgings— Class A... -* Class B ..* Can Iron Fdy's. 100 55 Airways Canadian Dredge ^ jl* 60 23K §°5* 103 38 10 20 23 18** 102" 106 Sc r 18 32 fc Invest Corp * Construction Conv preferred..* Capital City Prod.* Carborundum Co..* Can Locomotive 19 105 Preferred—100 "3% 4** 4** F r Canal Steel 5 Carrier Corp * Carriers & General. 1 (J W) Co 1 Products * Case (J I) Co 100 7 % preferred- .100 CaseLockwood & Carter Casco Co.. 100 Castle (A M) Co Catalin Corp. 10 1 Caterpillar Tract-.* 5% preferred .100 Celanese Corp 7% prior pref. 100 1st partic pref. 100 * 5% cum pref.. 100 Celluloid Corp 15 1st preferred * $7 preferred * Central Aguirre Associates 65 , * a&* 2rA iH 17 243* 3X 53* 12** 83 ** 102 25 4 5** 13 X 86 X 103 225 19 24** M 42 101 4f * 8** 4*8 21 9** 8 4% 15** rA 34 X 26 32" 20 71 20 21 55 ** 56 X * Colonial Beacon Oil * Colon Development 74 1143* 583* 61 900 26** Mfg 25 * 28 Crowley Milner Columbia O & G 1 Columbia Pic com.* Vot tr ctfs com 10 Centrifugal Pipe * Century Rib Mills.* 7% preferred.. 100 Chain Belt com * Chamberlin Metal— Weather Strip 5 Paper * Preferred * Chic Elec Mfg A..* Chicago Flex Shaft 5 Chic June Rys & Un Stk Yds of 100 Chic Mail Order |K pref 100 conv pref.I* Solvents..* part pf..* 5 20 203* 6% 73 29 110 5** 43* 8** 11 21** 104 15 100 15** 102 34 44** 102 35 12 8 9 61 70 100 96 74 93* 14** 4** 10** 15** 28 29 4** 53** 12** 53* 533* 5 5% pref vtc.. 100 Consumers Co of ID V t c A partic-.50 V t c B partic— Vtc partic pref 50 Container Corp 20 Continental Baking Class A .._* Class B $4 50 preferred..* Continental Mot..l Oont'l Oil (Del) 5 Oont'l Oil (Mex) 1 Oont'l Roll & Steel 13 Preferred 100 Oont Screw com. .10 Preferred 10 Oont Steel Corp * Preferred 100 53* 123* 5 Converse Rubber. * Preferred 33 _ 12 66 67 Special preferred.* 56 70 Cook P't & Vjirn..* ^ 3** 23* 33* 2X 22 14 106 & Ref 3** $4 preferred * 7% pf—100 Deere & Co com...* 80 7% preferred...20 2 Gilbert Corp 10 Dejay Stores ..1 Del Rayon A com. 15 4** 16* IX Preferred Delta ,20** 5% 133* 14 393* 108** 81 40 110 13* 283* ** 6 8** 13* 283* 3* 6** 50 60 55 57 16 18 13 13** 97 98 4 5 7 8 3X 73* 54 1 12** ,9** IX 83* 20 9** 4X Nominal, r Canadian price, 53* 3** 20 1 6 1 15** 157** * 160 6% preferred ..100 Easy Washing 4 Mach com Class B * 33* 20** 26 19 J* 22** 5% preferred.. .50 Educational Pictures 12 123* 75 18* 1 90 95 «M In 105 110 12 38 1 ...1 1M Eitingon Schild 54** 1 3** X 3* 18** 9** 173* 83* $1 Preferred * Detroit Compensat'g 50 27 Jan. Axle Corp com..! Det Gasket & Mfg— 1 6% preferred—20 Detroit Gray Iron & Foundry Detroit Detroit Detroit Detroit com 1 Mich Stove 1 Harvester. 1 32 34 Electric 2 Household Util Corp. Elec & Musical Indus Am shs 3** Electric Products..* 83* 12** 13* 93* 14** 13* 33* Elec Shovel Coal Partic pref * Paper Prod 1 Steel Prod. * Detroit Sulphite..10 Detrola Radio & 23* 16** 53* 3** 163* 6X2 Common Electrolux Corp.. Television 1 Devoe & Raynolds— Class A (non-vot) * Common B * 3** 4** 25 31 2d preferred... 100 114 Oil 59 Dexter Co com Diamond Match 10 5 * 25 19** 43* 253* 35 33 8 253* 36 t New stock; old split 3 for 1. z Ex-dividend X 7 29** 21X 1** 19 1 Corp 11 1 1 Elgin N Watch...15 Elk Horn Coal Corp* 6 % non-cum pref50 Ely Walker D G..25 1st preferred.. 100 2d preferred.. 100 Emerson •20" 6 27 Electrol Inc vtc -.1 Electrographic 32 X ' ♦ Elec Stor Battery * Elec Vacuum Clean* 19 X Devonian 3** 5 102* 10 13* L 12 33* * Electrical Steam Sterilizer 1 Electric Auto-Lite.5 Electric Boat 3 Elec Ferries com * 8% preferred..100 56 15c O 7 100 6% preferred..100 Supply com 10 Derby O & Ref com * IX 5c Warrants Preferred 2 i!8 Eisler Elec Corp l Eisemann Magneto * r 16 14 14** 22** 3* 22 ** 2 20 116 X 96 2** 21 98" 2** 19 21 2** Emerson Electric.10 Empire Sheet & Tinplate ♦ Employers' Group 19 21 Class Drug B Associates n 18 Common Eastman Kodak 18** 193* 225* 23* 7 6% part pref k Last sale, X 8* East Mall'ble Iron25 4 Economy Groc Sts.* Eddy Paper * Edison Bros Stores— Common 2 25 _ II 35c ' r Eaton Mfg Co 21 3 6 Common 8 East Dairies Ltd * Eastern Footwear .1 Preferred 63* 16 21 b 2 79 9** 83* 48 133* 15** ** 1 24 6 Electric..2.50 Class A 6 93* 12** $2 conv pref * Eastern Sugar Assoc De Mets Inc pref..* Dennison Mfg— 3 27 conv Common 100 134 1133* 123* Eastern Steamship.* Deisel-W emmer 5x Oil 18 * Decker (A) & Cohn 10 Preferred 100 Deep Rock Oil 110 * com 35 Davega Sts Corp..5 5% conv pref..25 Davenport flos'y..* 35 I 113 Eastern Mfg com..* Preferred * Eastern Roll Mill..5 Darling Stores Corp Class A 93* 18** 13* 7** Dardelet Thr'dlock * 5 17 55 * S* 20 pref_20 East Boston Co..10 Dailey Corp 1 Darby Petroleum..5 Darco Corp pref. 100 Continental Cushion Spring com 1 Oont Diam'd Fibre.5 $1.50 pref. .100 pref * Dayton Rubber Mfg Common * 87 8 J* 100 * 8% preferred.. 100 Continental Can..20 Eason cum $2 partic pref 63* 13* Dwight Mfg 15 Eagle (C K) pref 100 Eagle Lock 25 1 Davison Chemical. 1 Warrants Consolidation Coal— Common v t C..25 Warrants "73* 15 3 123 9 101** 163* 43** 73* 83 70 35 18 100 21 16 104 100 (R G)— Class B • 653* ~i% Consolidated Steel * Oonsol Textile * 33" 7% 193* 93* 6% preferred.. 100 Duro-Test Corp 1 Duval Texas Sulph.* 2 ** Wright, Corpl $8 cum Cutler Hammer 6 8% preferred.. 100 Oonsol Royal Oil. 10 105 28 6**% cum pf..l00 City In vesting.. 100 City & Sub Homes 10 City Stores 5 19** Oonsol Retail Sts.-l 333* 10 cum Cons Laundries 13 H 2.50 prior pref..* t3 conv pref * Chrysler Corp 5 Cin Un Stk Yds...* City Auto Stamp. _* City Ice & Fuel * 6**% prior pf.100 7% preferred. 100 12** X 10** 29** * Cons Cigar Corp..* 7% preferred * Cons Mach Tool uts. 11** ** 93* *4-00 12X 100 Mfg A Co common..20 1 Class A 4** * 6% n-v deb.-.100 $4.50 cum pref..* Duquesne Brewing. 5 Durham Hosiery— Oushman's Sons— 12** ~4** Consolidated Oil * $5 cum div pref.* * com X 89 112 i Dunhill internat'1.1 Duplan Silk * 8% cum pref..100 DuPont (E I) de N 68 Publish....* $7 preferred * 0urtis8 w Drug Bradstreet Corp.* $6 preferred ._* Dundee Textile * Curtis 8 16 * Dubilier Condenser * Dun 8% preferred 10 Cunningham Drug Stores com Ouneo Press 9** 38** 1 Dryden Paper ** 6** X 2X 4J* 100 Dhtil 39 96 943* 7* "4" . Cummins 133* 7. 25 Stores..* Preferred 80 5% Preferred .100 Oudahy Pack 50 Preferred 14 Dri Steam Valve..5 Driver Harris Co 100 * 37 61 Baking... Tobacco 20 part conv n-c A.* Class B * IX 93* 673* 353* 6**% prefeiTed 100 Curtis Lighting ..* Consol Biscuit.. Consol Car Heat.100 Consol Cuban 34** 84** 8* 97** 6J* Cuba Co * Cuban Am Mangan 2 Cuban-Am Sue 10 33** 833* 49 25 6 it* * pref conv 95 5 • 2 i§* il* 23 Chic Pneu Tool Chic Yellow Cab. Chickasha Cot 0.10 4** 29 X July 27 12X 123* 1 Oonsol Aircraft $2 6 7% preferred-.100 Crystal Oil Ref * Preferred.. 10 10 Preferred Dresser (S R) Cuban Atl Sugar— Common 10 Com'wealth Cons Film Indus..1 4 17 $5 conv pref * Crucible Steel.-.100 27 Dow Chem com...* 30 7% preferred. .100 14 $3 Chicago Nipple Chic Rivet & Mach 4 Chic Towel com * Conv preferred * 133* $2 preferred * Commercial Credit Common 10 Oongoleum-Nairn. Congress Cigar.—* 27** 6% pref 100 Chapman Valve 1 Preferred 100 Charts Corp 10 Checker Cab Mfg.. Cherry-Bur Corp..5 Ohesebr'gh Mfg. .25 Chic Daily News * 55** 64 IX 6** 33* 53* 11 Oolum Carbon v t c * Columbus Auto— Parts com * 27 X 2 ** 6 * 54** 4** 29 26 ** & Fibre 16 Conde Nast Pub..* Certain-teed Prods 6% prior pref. 100 3 153* 5** 12 * Coal B 34 5 303* ♦ 5% pref x-w—* .. 16 ♦ 48 Dow Crown Drug com.. * Preferred 50 16 29 9 Dixon (J) Cruc.-lOO Dobeckum Co com. 1 Dominion 43* Crown Zellerbach pref-.* 69 7 Petroleum (Md)_5 $2.25 pref w w__* 16 X 23 Cent Ohio St Prod.l Central Paper.. Preferred 14 .12** 3 Dixie-Vortex Co— Common Class A_. Doubleday Doran.* Douglas Aircraft..* Douglas Shoe pf_100 3X 18** Crown C'k & Seal.* 17** 2** 18 3** * Prior Preferred.50 Crown Central 105" B'casting Sys Inc class A 2 ** $4.25 8X 29 109 Crown Cork Int A_* Oft Class B conv * Divco-Twin Truck. 1 Dominican Coal pf 25 Dominion Glass. 100 Preferred 100 Dominion Steel & 1 Growell Publish *g. . » Preferred 100 Columbia el* 14 Cen Violetta Sug_19 8 3* Croft Brewing Oroslev Radio 133* 66 Domestic Finance— Cum preference.* Dominion Bdge.100 Creole Petrol 5 Crocker-Wheeler -.* 1153* 39 25** Seagrams Ltd * 5% pref w W..100 Distillers Liquors..5 6**% pref—100 Stocks trust ctfs.* 77 8 120 Corp (NY) Doehler Die Cast..* Dold (Jacob) Pkg— ** com.-_.25 124 4X Preferred 12 18 100 3** Dr Pepper Co Dodge Mfg Jan $1.50 conv cl A.20 Cramp (W) & SnslOO Cream of Wheat 2X • Columbia Baking..* 4K % 5* 4** * 5% conv pf 100 Creamery Package.* IX pref Dist-.l Oompo Shoe— Mach v t c ext .1 Compressed Indus Gases new 5 4** Warrants.....— Preferred Collyer Insulated Wire common conv 13* Oourtaulds Ltd— Crane Co 23 Oomm l Invest Tr_* 68" 10 Am deprcts ord£l 90 $2.75 2** 75 5% conv pref-.50 36 Jan 117 100 Prod..2 Distillers Co Ltd_£l Distillers Corp- 168 Rey'ds.* 95** 7** Dictaphone Corp..* Discount 60 $6 conv A pref..* Cosden Petroleum _1 4 22 Arms Oorroon & 16 Shoe 6**% pf (w w) 100 Diamond T Motor 2 Preferred Covered Wagon Co 13 X 115 Bid- Par Dictograph Corn Prod Refg..25 7 % preferred- .100 xlH 34** 23* Collins & Aikman. * 5% preferred.. 100 Collins Co 100 conv 20** 13* 100 Preferred 83* 913* Oomm'l 50 8 Co Peet common 101 13** 3** Chilton Coca-Cola Intern. _♦ Coleman Lamp & Stove common..* 102** 15** 15 40 20 Preferred of New York.—* Coca-Cola Co.....* Class A * lH 5% preferred. .100 Common Cent Foundry com.l „ Utensil com.....* Cluett Peabody * 7 % preferred. .100 Ordinary shares 70 1H 15 Airport. _ Childs Co Clover Val'y Lumber Preferred A 100 Club Aluminum Col Fuel & Iron Warrants Colt's Patent Fire Central Cold Storage Champion Oct 28 Diamond Corning Glass Wk 10 20** Stocks Par share 8 Cooper Bessemer.. 1 $3 prior pref * Ooty Inc * 3* Celotex Co com Central 8 80 * Co Brainard Climax Molyb¬ denum Co 6% 9 • (Philip) — preferred- .100 5% preferred-.100 Carib Syndicate..25 Carman & Co A—* Carpenter 4 1** 7** 85 6% Class B Carnation Mach com . Can Indus Alcohol.* Class B Carey Cleveland Graphite Bronze com 1 Cleveland Hobbing 4 43* 6% preferredlOO Foreign— Canadian Clayton & Lambert * fc 101 r Can Fairbankpf.lOO 31 Ask Cord Corp —6 Cornell- Dubilier Elec Corp com_.l IX 22 Colgate-Palmoliver Bid Oopperweld Steel. 10 97 2 4 Coca-Cola Bottling » 93* 1 Dock** 70 3 B Canadian Bronze..* Preferred 100 Canadian Car & Fy * I 'Preferred 25 Canad Celanese—* Preferred Canadian Colonial 21** 94 Clinchfield Ooal.100 Preferred 100 Clorex Chemical * 11 Class 18 Common. _._...* Cliffs Corp v t c...» 67 Par share Cleve Worsted Mills „§** Can Wire & Cab A Stocks Clark Equip Co * Preferred 100 Claude Neon Lt 1 10** 33 Canada Packers—* Canada SS Lines.:.* Preferred 100 Ask 18 105 16 ** 100 Preferred Bid Clark Controller...1 Clark (DL) Co ♦ Cleve Tractor .* Olev Un Stk Yds..* 163* STOCKS possible for the closing day of the month preceding the date of issue Per share 48 10 ** 103 ** 15 3* Canada Cement. 100 Preferred 100 MISCELLANEOUS & are as near as * Without par value. * 4** 5** 16** 5 feb., 1938] industrial Quotations for all securities Stocks Ask Bid Par are as near as Par Stocks miscellaneous & Stocks Ask Bid Bid Par Gen Candy A—...5 General Carpet 1 Endicott-Johnson.50 5% preferred.. 100 Equit Office Bldg..* Esquire-Coronet—1 Eureka Pipe Line. 50 Gen Cigar common * Eureka Yac Clean. 5 Evans Products ...5 General 7% preferred- 100 Crude Oil._2% _ Gen General Electric Fafnir Bearing— 25 Pair (The) Chicago * 7 % preferred- -100 6% preferred.. 100 Fairchild Eng & Aarl 6% * Gen Optical pref ..* Gen Outdoor Adv't'g 1 r Common 6% 7% 13 100 30 Federal Motor Tr__* 3 Fed Screw Works..* 3% Common. .....-* Federated Dept Sts * S6 73 4% % preferredlOO 25 1 19 % Trading Corp.l * 6 % preferred. .100 (Sen Tire & Rub—5 40* Preferred 1 Fiat Am dep rets— Fidelio Brewery—1 pref conv Gen Theat Equipt— New common...* Gen Time Instru. Feltman & Curme Preferred.......* 1 6% cum pref A100 12 £ 161 5th Ave Coach—25 14 18' Georgian (The) Inc * 8% class A pref.20 Filene's(Wm)Son8 _* 13% 30 Cement com...50 10 Common 20% 90% 31% 6% pref ser A.100 First Nat Stores—* Fishman (M o 100 56% $6 preferred—100 FitzSimons AConnell D & D com—...* 00% Flintkote Co com. 15% 6 33% 115 10 29 26 Jan 8% * . Fla Portld Oem u t s. 55 conv pref Gilmer (L H) * Gimbel Bros * * St* 24 27 16% 18 Flour Mills of Am. * * . Preferred 6* Follansbee Bros—* Preferred 2% 8 100 28% 93% Food Machinery—10 4%s convpref. 100 Bros Gear & 9* 20 18 * Fobs Oil 1* 29 93% Foote Mach com....—6 2% 3 Preferred. ....100 5 5% Ford Motor Ltd— Am dep rets 5% 5% SB 17% 18% ord._ Ford Mot of Can 100 6%% pref ww 100 Hathaway Bak A._* 61% 15 Class B 23 % 11% 12 America 18 25 Jan 88 5% 4 Ford Motor France vL* Fort Pitt Brewing. 1 Wheeler—10 8§c* 16 $7 conv pref * Foundation Co—.1 55 Foster 1% 2% Foreign shs A...* §* * Fox Film class A—* r Fox (Peter) Brew—5 F-R Publishing * Francisco o8* o 27 23 3% 22 Sulphur.10 6% conv pref. 100 Froedtert Grain & Malt common—1 Preferred——16 Fruehauf 24 3% Franklin Rayon—1 Franklin Ry Sup—* 25% 7 2515* 103 % 9 15% 17 10 9 Trailer—1 4 29 25 L t!03% 2d preferred Fuller Mfg com * 1 50c 30c 30 13 2% 2\ 2 2 Galr 3% 4 (Robert) com. 1 $3 Preferred 10 13 Galveston -Houston * .—* * * $6 conv pref - - * $3 conv pref—20 Garlock Pack * Gar Wood Indust—3 Garylod Container. 5 Preferred.. 50 Gen Accept'ce Class A Conv 4% 13% 87 89 lsoH 90 14 WA 54 39 41 5 5 22% 48* 21% 42% 2% Helme 34|* 12 18 23 30% 34% Worsted.50 66 68 Good Humor Corp 1 Goodrich (B F) .* 5 Preferred Goodyear Tire 3% 49 G W) 48c 10 10% * Powder._* * $4 conv pref 5 $3 cum conv pf__* 20 Graton & Knight. _* Preferred 100 YA i* i 12% St'l..* Grant (W T) com. 10 9 24 21% 3% 22 38 42% 5 Station 5% Gt Atl & Pac Tea * 47 121 123 $5 conv pref. .100 Hoe (R) class A..10 Prior pref ..65 * Hollander(A)& Son 5 Furnace.. 1 6 Dock com..—* Chemical com.100 Preferred 100 Horder's Inc com..* Hormel & Co com..* Horn (A C) com 1 Prior preferred..5 preferred.20 1% 2 5 * 10 6 General American Transportation. .6 Baking—.6 58 1st pref * General Box Corp.l 37 General Bronze....5 General Cable—--* * 7% preferred--100 38 118 1.30 ■ft 3% 9% 18% J* 64 67 Without par value, 8 1 25 Engineering com 1 Guantanamo Sug__* 8% preferred..100 8% 6 Vot tr ctfs 25 Howe Scale com * 1st preferred.. 100 (Harvey).5 2% 25 5 2% 5% 6 14 6% preferred...20 Hupp Motor 1 Hussmann-Ligonler * Huylers Inc— 20% 24% & Alabaster Ltd.* Preferred. ... Common t Called Mar. 15 at 103. 5 6 Iron Fireman vtc_ Preferred w 13% 17% 16 18% Jewel 4 4% 6* 22 Jan. 21 10 - 9% 6% 6% 40 10 12 7% 61% 62% 8 6 1 2 5 1% 12% 9 iiH n Nominal, 6 10 25 19 14% 10 t New stock. 3% 2? 49 68% 7 % preferred- .100 Johnson Educat Bisc 122% " 70 123 Class A * 3% 70 2% Jones & Laughlin Steel common. 100 31% 69 16% 60 67 80 85 4% 1 St's 5 16 100 z 17 75* 10 Preferred 26 16% Common ...12.50 Kayser (Jul* & Co.5 70 43 24 Kalamazoo Stove & Furnace com 10 Katz Drug com Kaufman Dept 2% 33 40 7% preferred. .100 Joslyn Mfg & Supp.5 Julian & Kokenge.-* 85 13 13% 3% Keith-Albee-Orph— 7% conv pref 100 Co— 82 98 22% 27 Keith (Geo C) Dorian Color Film % ..20 1% Kelly Springf'ld Tire Kellogg Co Canadian price, /I* 24 46% Keller 7% 7% 13% * Common r 14% 12% 5% 14% 2% 21% 3% 5% 7 % preferred- -100 1 7% prefunstpdlOO 7% pref stmpd 100 o 27% 12% 11 5 Tea Johns-Manville Kaynee 5} W* 10 K C Stk Yds Me. 100 Preferred 100 22 20 13% * _ Johnson Oil Ref * Johnson Tin Foil 6 Metal 100 24 4% 3% 120 117 Jacobs (F L) Co Jarvis (W B) Co...1 Jeannette Glass.. Jefferson Electric. _* Jefferson Lake 011% 40 k Last sale, 7- 69% 3% 26% 10% w._25 11 25 10% Irving Air ChuteIrving (John) Shoe 10 * 18* 68 Equipment 1 Interstate Hos'y * Intertype Corp * 8% 1st pref 100 Preferred Jenkins Bros 38 .100 3% 5% 3% 3% * Gypsum Lime Hajoca Corp... 30 Interstate Home— 82 % 37% 6% 20 Int Vitamin Corp..* Interstate Bakeries* 79 1 9% & Int Text Book 76 22 Common 9% 1% 39 78 68 100 1 77 Field com Hunter Steel com..* 8% 29% * . 2 20 Oil $1.50 conv pref_20 Houston Oil (Tex)- Humble Oil & Ref. * Hummel-Ross Fibre 9 8 I Petrol Jonas & Naumb'g2 % _ * Oil Gulf Oil Corp i?* 24 50 Hudson Mot Car..* Coal IB 83% Hubbell Guardian 7% 23' 82% Material Grumman Aircraft General 9% 49 17 Watch 16" * 13 5%% preferred-10 7% preferred—100 Interstate Finance 16% Groc store Prod-25c 3?* 38* 3% 1% 7% 31% 2% 0%% preferredDept St's* 7% preferred-.100 92 * 10 Preferred 88 21% 9% 55 Gruen 25 * 50 Common ir Class A preferred. .100 $1.50 preferred. .* :M* 14% 24% 21 Horn Hard't(NY).* 5 % preferred ..100 k 100 Houston Greyhound Corp— 14 8 38 Hooker Electro 125 Green (H L) Co—1 20 6% 33% 19% Great West Sugar. _* 7 % preferred 100 GreenTld T'p & Die* 6 1% Preferred 19 30 14 ~4% 3 * 2% 102 32 5% 4 * O * Holly Sug Co * 7 % preferred -100 Holt (H) & Co A..* llH $6 5 48% B * 30 28 30% 127% 5% 48% Internat Pulp * Preferred * 29% 3% 132 7% cum pref.. 100 Int Pap & Pow A * Internet Prod 12^4 25 _ 23% 20% Oct. 11 92 * Great Lakes SS . Internat'l Metal Industries cl A..* Int Nickel (Can) * 4% 10% 3% 24% 150 3% * 18% bO 59 148 * 5l" iK* 34* 5% preferred.. 100 13 19 * 40% 99 Common Dredge Sewing Mach..10 Int Cigar Mach Int Harvester 66 93 149 19% 90 Hinde& Dauch_._10 Household 49 100 Non vot com Preferred 22% 147 Int Business Mach. * Internat Button Hole 3 Class B 10 com Intercont Rubber..* Interlake Iron * Int. Agricultural._* Int Houdaille-Hershey Gray Telephone Pay 64% 18% 90% 3% 10% 2% 69 preferred..5 - I* * Steel 16% —1 $5 conv pref Holophane Co ¥ 138 65 Common Holland Raps Varn.* 76 74 33 Hosiery com * 7% preferred..100 Gould Coupler A..* Grand 2 Interchemical Corp * Inland 1% 19 1 7% preferred—100 Gotham Silk Grand Union ctfs__ 1 lH 18% Warrants 15" Chem Common 1% 1 Industrial Rayon..* Internat Shoe * Internat Silver..100 Hilton-Davis 7% preferred—21 iB 100 16 17 Graham-Paige Mot 1 Grand Nat Films. .1 Preferred Indus Machine 2* $ 50% 19 2% 2% 10 10 14 2% 15% 6*5* 1st pref 2d preferred 44 16 Grand Rapids Brassl Preferred 5 130 Spencer 55 7% Indus Brown Hoist— 25 Common 70 7% 37% B Bart & Co com.25 54 * 1% 1% OU non-vot A Class 21* 19* Hires (C E) Co A—* Class B .._* 2% * • Indus Accep Corp Cum prer 100 Internat Radio Int Safety Razor B_* Internat Salt * Hevden < Chemical. 10 65 IVA 82 5 New common..15 New 5% pref.. 100 1 13 96 * 50 ' 128 100 Hershey Chocolate.* 6 Indiana Steel Prod.l Indian Terr Ilium Class # Hershey Creamery. * 100 7 6% Class ' 1 Rubber com-..-* $5 conv pref * Goodyear T & R of Gorham Mfg v t c Gossard (H W) 100 % 152 40c 19 Preferred 140 6* 12 10 7% preferred.. 100 * Royalties _ 10 Int Mercan Mar 1 Oil Hercules Motors $1% Canada...... 90% 25 7% non-cumpflOO Hibbard & 79 24 Heywood-Wakefield 6% 16% 51% 16% 7% ~8~ 20 Hewitt Rubber 93 22 6% w__25 25 w Preferred Preferred 33 6% 5% 6 Preferred 2?* 5* 7% prior pref. 100 7 Herr-Hall-Marv 82 2% 16 4% * (W E) com.2 6% preferred..100 10 78 35* 5% ._* A... Hercules 9 90% 46 Texas common..5 * 7% 1 5% 12% 5 Class A— 6 7% * 50 * Preferred Goebel Brewing Goldblatt Bros 44 Gen'l Amer Oil of • * * Class A Great Lakes Corp Gen Alloys Co Preferred J» 9% 57% % 5 $3 pref 6 2% 3% Corp com.3 Class Heller $3 pref * Indiana Limestone _1 Indian Motocycle * 6% preferred.. 100 Helena Rub stein..* Great Nor Pap $6 conv pref Gannett Co Inc— Gardner-Denver. 14% 1 GaUager&BjktonA 1 Co. * 5% preferred 23% 12% Gabriel Co cl A—.* Gamewell Preferred Gobel (Adolf) Co.. 1 Godchaux Sugar Granite City Fuhrman & Schmidt Brewing com 1 Fuller (G A) Co— Partic prior pref.* 8% 42% Hendey Mach Hendrick Ranch $3 pref with war.* 21 Sugar.._* Franklin Process—* Free port 12 19 Parts 27 5 Ingersoll Rand * 6% preferred—100 15% 6% 5% Heileman Brewing .1 Hein-Werner Motor 3 Helvetia Gorham Inc com A. * Foundation Co of Canada 1% 2 Common Indus Finance vtc 10 — 7% class A pref.25 Hecker Prod v t c__* 15 $5 preferred—..* Am dep rets Hearst Consol Pub 10c 25 23* * 15% 6 38 24 Pneum 88 26 14% 37% Am dep rets ord £1 Tool 14% 5 Common 14% Industrial Silica...* 6% conv pref..50 18% i8% of Gt Brit & Irel'd 86* Hazel-Atlas Glass.25 Hazeltine Corp * Hearns Dept Stores 12 11% 40c 29 2 * 105 95 30c 20 * < 17% Imperial Tobacco . 1% $7 conv pref-...* Hayes Body 2 Haytian Corp of if* Indiana Pipe Line 50 Indian Refining. .10 8 99 54 4%% conv pref 50 8% 60 22 15 Globe Knitting 2% Globe Wernicke—* 9% 225 1 1 Indiana Gas &c Chem 128 21% 1% 22% £1 Preferred 6% 100 10 Hartman Tob Harvard Brew 40 Glen Alden Coal—* Glidden Co » 7% 55 $5 preferred—100 Harnischfeger 10 Corp art & Cooley 25 Hartf'd Rayon vtc.l * $6 preferred Goodall * Class B * 7% 87 5 Class B Class A......—* Harris Seybold Potter com Gleaner Harvester.* Florsheim Shoe com* Florence Stove 123 5 6% 40 3 6] 15 j 6% preferred-.100 Preferred 38 108 Indus rets Independent y* * 61 93% 20% l% * Gilchrist Co * Gillette Saf Razor.* 92 20 Harrlsburg Steel 123 6 6 * $5 cum pref Harbison-Walker 8 Imperial Chemical of Canada com..6 J,l/* 27 Refractories com * 2% 12 105 Corp.l 6% 25% 26 5% % 1 28 24" 10 Imperial Oil Ltd * Registered shares. Imperial Tobacco 105 24 6 $7 preferred.. 100 18% 100 5% * 1 98% $6 preferred 100 Hammermill Paper Hat Corp class A..1 Class B n-v 1 50 ... 17 6% 2% 27 10 Imco Partic Ltd 5% 1% 20% Preferred Gilbert-Varker. Ideal Cement Mfg— Cl A pref part--10 Hamilton Watch. _* 2 Hygrade Fool ProdS Hygrade Sylvan—* 6%s conv pref—* Illinois Brick 6 6% cum oref--100 35 Gibson Art 80 98 Hamilton 3% 13 Hammond Instrum't Hanna (M A) * 7 93 Gilbert (A O) Preferred 2% 5% 10% * com 28 88 8% 105% 1% 20% Per share 7 32 120% 33% 114% 22 33 9 90 H)—* $5 preferred ..100 Flsk Rubber 1 Lamp Hall (W F)Print'g 10 Haloid Co.. 5 Common Giant Portland— Firestone Tire & Rub Genessee Brew A 6 106 70 . Kilburn— 100 26 55 preferred--100 & 10 25 $6 preferred * Gen Rayon A stk._* Gen Ry Signal * 6 % preferred- -100 Gen Refractories..* Gen Steel Casting— it* Warehouse-.25 Ferro Enamel 12 * Gen Plastics General Print Ink- 260 Fedders Mfg ...5 Federal Bake Shops* Preferred.. 30 Federal Compress F G 19 ....* Class A Fansteel Metallurg * Farnsworth Televis* & 23 * Common pref-.100 5% preferred Famous Players Can Corp com 1 Fanny Farmer Candy cum -* General Motors..10 .20 Falstaff Brewery. .1 6% convpref 19% 3% 17 2% General Mills Fairchild Aviation .1 Fajardo Sugar 18% 3% 11* 86 Corp Gen Morse..* 39% Household XJtil Common. 8% preferred. 100 Fairbanks 4% 31 J* Gen Hall 25 120 4% 39 Machinery * 4% % preferredlOO 25 Co Hale Preferred 116 * Gen Foods 7% preferred..100 9% , % 24% Ltd— Elec Am dep rets reg £1 Gen Finance Corp.l Gen Fire Exting—* Gen Fireproofing-.* Ex-Cell-0 A & T...3 Exch Buffet Corp..* Fairbanks * 9 Ask Bid Par Stocks Ask Per share Per share Emsco Derrick....6 87 stocks possible for the closing day o I the month preceding the date of Issue * lux-dividend. ..5 1 27 1% 28 88 INDUSTRIAL Quotations for all securities Stocks Par Par Stocks Ask Bid & are as near as MISCELLANEOUS Bid Ask Stocks Par 534 M Kendall Corp com * $6 part pref A * 85" Loudon Packing...* Louisiana Oil Refg.* Mexican Petrol——1 Mich Bumper...—1 634% conv pf.lOO Ludlow Valve * Preferred 100 Ludlum Steel—...1 Mich Gas & OU...1 Michigan 1 34 7% pref A.... 100 10 Products com...1 Corp—.—5 MacAnd Sc Forbes 10 * 11 4 Macfadden Pub--.* li* Middle States Pet— Kerlyn Oil cl A.. ..5 Keyes Fibre com..* 25 Mid-Cont Petrol—10 6% preferred.. 100 Macfadden Newsp.* Class B v t c .* Midland Oil Corj>— 2 34 Class A 8 Keystone Watch Case 16 2-3 * Kingsbury Brew 1 King Seeley com__l Convertible pref 20 Kingston Products. 1 Kinney (O R) Inc-.l $5 prior pref....* $8 preferred ♦ Kir by Lumber.. 100 Kirby Petrol ...1 Klein (D E) Co.—.* 48 Kimberly-Clark Kleinert Rubber 8 234 15 48 16 9 10 Amer shares. £1 34 10334 10!M Koppers Co 6%pfl00 Kresge Dept Stores 1 4 % preferred. 1" 8% preferred., li Kresge (S S) Co— Common (vot).lO Kress (S ff» * 6% preferred 10 Kreuger (G) Brew.l Kroger Grocery & Baking common. Kysor Heater.....1 1634 1734 24 27 U34 12 934 1634 15 17" 51 54 Lake of the Woods * 100 PreferredLakey Fdy & Mach 1 Lambert Co.. Lanatin Corp r 15 135 1234 r 234 1134 234 * 1 : uM 334 Clark 25 Lane Bryant Inc..* 7% pref w w._ 100 Lanston Monotype 2334 534 2534 534 80 95 Machine Co. .100 LaSalle Ext Univ..5 Lautaro Nitrate A.l 69 80 234 34 254 34 Lawbeck Corp— 20 6% preferred—100 Lawrence Portland foment 100 Leath & Co cornPreferred... Lee Rub Sc Tire —5 1234 35 i434 334 20 i2i 1234 334 Lefcourt Rlty Corp 1 Conv pref * Leh Coal & Nav * 4 19 Vs 334 1534 12 Mission Oil Missouri Kansas 15 18 23 100, Le Roi Co com...10 l| Inc 2434 1034 * 5% A conv pf.lOO Massey-Harris * Preferred 100 Master Electric... 1 ft* 63 8» 134 15 2434 ... 34 2* J* ■8* Preferred 100 Lib McNeil & Lib.* Life Savers Corp..5 Ug Sc Myers Tod.25 Common B 25 7 %jpreferred.. 100 Lily Tulip Cup... * 163 16 Lima Locom Wka. * 25 X Lincoln Printing... • $3.50 preferred..* Lindsay Lt&Chem 10 Preferred 10 Line Material 334 Link Belt Co 24 2 ll* 6 34 2034 * * Llpton (Thomas J)— Brothers IV* ?V* 1734 * 2 Preferred.. 100 Loblaw Groc Ltd A* 33 Class B * Locke Steel Chain.5 Lockheed Air Craftl Locomotive Firebox* Loew's Inc * „ $6.50 cumpref—* Loew's Bos Thea.25 Loft Inc ...* Lone Star Cement.* Long Bell Lum A—* Common -I--* $5 preferred—100 Longwest Corp * Loose Wiles Bis..25 5% preferred 100 Lord & Taylor. -100 1st preferred.. 100 2d preferred.-100 Lorillard (P) 10 7% preferred..100 • No par value. 92 92 167 IS** 26 4 26 234 1034 2034 1334 1234 8834 % 6 pref.100 McQuay NorrlsMfg* 2834 %* 60 52 * com * 9634 * 1 lstpf.50 Mercantile Credit. 1 Mercantile Stores. * Preferred.. ...100 Merchants & Mfrs Sec Co class A.l . $2 Partic pref... * 434 30 Merchants & Miners Transportation * Merchants Refrig..* 2034 Preferred r r 2234 2034 IV* . Mergenth'ler 23 21 9 d" A* 4634 105 1534 134 3in a* 24 18 47 109 18 134 Lino.* Scott com ... 2234 39 1 Metal Textile Corp * }434 1834 10334 1634 130 Class B ...50c Nat Fuel Gas.....* n Nominal. r 5 54 57 21 223 7, 1934 Canadian price. fJNew stock* 160 12 734 39 14 6834 4 6 50 2* 434 Oct" "28 6 8 82 34 34 3234 3934 Newberry (J J) Co— • 5% preferred—100 105 110 common....5 12 13 Preferred.-.100 117 Bedford Cord¬ New age New Bedford Rayon Class A 25 New Bradford Oil..5 New Britain Mach * 7 % preferred. 100 New England Lime units * New Hav Cl coml25 634% pref 100 \Arlzona Land * NeWNlquero SuglOO New Process Co Newton Steel N Y Auction * 1034 12 434 $ 2034 2134 90 8 A* 60 $5 non-cum hi* h* hi* » * 1st pref. 100 2nd pref—.—100 N Y Dock * pf. 100 North Amer Avia._l North Amer Car. .20 $6 preferred.... 16 10^4 lit* iH* 106 10834 534 434 1934 . * North Amer Cement Common 1 Class A pref. _1 Class B pref. 1 North Amer R&yon Com class A * Com class B * 6% pr!or;pref— 50 No Am Refractories Class A_.—..* Class B. .....* 6 34 %preferredl 00 North Cent Texas.5 No European Oii—1 North German Lloyd Amer shares.. North Sc Judd——25 Nor Paper Mills...* North Pipe Line..50 N'west Engine....* N'west Yeast—.100 Norwalk Tire & 234 Rubber ... • 7% preferred— .50 Norwich Pharm 5 34 1334 r? 100 13 il* hi* si* 4 II* 2* 35 2^ 33^ 834 8 934 8 5134 4 is il* 1134 7 15 2 23\i 1334 . Noblltt-S parks. 6 Noma Elec Corp. __1 5 , 1734 70 36 Niles-Bement-Pond * 534 834 1§^ 51 18 234 3234 754 Nat Cash Reg. Nat Container Nat Food Products Class A w w 11% 2234 Nicholson File....* 1900 Class B 1 109 6% preferred... 10 70 45 23 434 if* Jan 93 75 90 Neptune Meter A. * 8% preferred—100 Nestle-Le Mur cl A • Founders shares 1 7% pref ioo N Y Transit 10 46 Nat Dist Prod * Nat Enam & Stpg_* Nat Fire-Proofing-5 17 10 }?* 11 Nat Cylinder Gas. 1 Nat Dairy Prod...* 7% pref class A100 7% pref class B100 Nat Dept Stores * H* 23 Shipbuilding.. 1 8 10 $7 2034 65 5 N Y Merchandise. 10 N Y 72 com 17 132 k Last sale, 5 67 155. 225 734 10 1 Metrop Playhouse.* 100 51 104 634 634 6 60 pfd 100 conv Nelson (Herman) N Y Air Brake * N Y Investors com. * 934 l Mexican Eagle Oil.4 Mexico-Ohio Oil...* 104 175 110 115 Preferred 534 5 Fibres new com—1 Nat Aviation 10 Nat Baking com 1 6% preferred 100 Nat Battery pref..* . 1834 47 _ _ 3234 $3.25 pref _* 334 Metal Sc Thermit. _* 42 26 1234 (Del) 1 Messenger Corp...5 Metalastic Corp 54 6 2 45 New Mexico Sc 11 101 ~~\L 234 4134 New Idea com * N J Worsted pf—100 47 5034 434 d* 38 Newport Indus.... 1 534 8 4* 3* 21 "5 6 5 6H .34 1 12 1654 Preferred * Mesabi Iron ...1 Mesta Machine...5 434 Dec. 24 17 Mueller Brass Co__ 1 Mullins Mfg Corp— Class B l Nat Casket 634% pref A100 „ ~ m. Merrltt, Chapman & 1034 834 Products .* Mot Wheel Corp. .5 Mount'n & Gulf Oil 1 Mountain Prod 10 Moxie Co class A * Aluminum Fdy. . National Candy...* Merrimac Hat—... * Preferred 50 Merrimac Mfg.. 100 Preferred .100 iiH "ft Motor 7% preferred-.100 National Bronze & 6% preferred—100 18 8434 75 Machinery. .100 _ 100 _ Mtge Bk of Colombia Amer shares.. Nat Bellas-Hess Nat Biscuit 100 27 i* 8334 Twist Drill Nat Acme Co Nat Automotive _ - 10 . 10 . 634 (Philip) .... d* conv & 6 J* 61 $7 conv pref_.__* Munsingwear Inc..* Murphy VarnlshlOO Preferred. 100 Murphy (G C) * 5% pref. 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Corp * Preferred 100 Muskegon Motor Spec cl A.... * Myers (FE)& Bros.* Vachman Springf_ „■ * Narragansett Rac'g 1 Nash-Kelvinator 5 1034 32 5% 10 pref—100 Common 70c 83 McKesson-Robb'ns 6 $3, conv pref * McKinney Mfg ♦ w w 2434 •3534 3034 Morse * Dredge* 3234 13134 50c ... Mead Corp com * $6 preferred serA* 81 113 25 & Co Ltd * McLellan Sts com.l 4234 234 Morrell(John) & Co* Preferred pr Cotton , ■A" 24 Neisner Bros 4 Morris Plan com 25c Drop For A.* 2?* Navarro Oil.. __* Nazareth Cement .10 Preferred.... 100 Nebel (Oscar) ..* Preferred.. .* Nehi Corp com * 180 250 144 190 1934 Naumkeag Steam 434 Preferred B 100 Moore (Tom) Dist.l 21 Mengel Co 100 48 934 Moore Merck & Co com..) 1 6% preferred...25 Liquid Carbonic * Lit 2634 2234 3334 - Morris ..10 $5.50 pf ser B Moody's Invest Serv part pref * Moore Corp com. * 24 100 Mead Johnson Mellins Food Melville Shoe 129 xVi 43 17 9 A* 90 * Mc Williams * 15"" 934 4834 Pub-* McKeesport Tin conv Class A 70 10 8g 234 3234 13234; 55 92 734 434 % ._* 157 12634 m 334 19 334 4034 * 2334 Nat Transit—.12.50 Nat Union Radio 1 Natomas Co......* 3§K McGraw-Hill 6% * siH 13 Nat Tea common..* National Tool 1 26"" 434 10 2 6 84 134 134 Ward Preferred A McGraw Electric.. 1 834 834 ... Class A. 3* 36 _....* 734 Class B—....* McCrory Stores... 1 Conv 6% pref. 100 16 33^4 (R G)1 Ley (Fred T) & Co.' Libbey-Owens-Ford Liberty Baking. * Lionel Corp. Lion Match Lion Oil Refg iv* v* 75 23 A* 79 Common 7 % preferred- -100 May Dept Stores. 10 May Hosiery com.* Preferred * Maytag Co * 1st $6 pref * $3 cum pf ww ..* $3 cum pref x-war* Warrants McCahan Sugar com 534% $2 10-yr pref...40 11134 Montgomery 7% preferred.. 100 6% prior pref.100 Nat Supply (Pa)..10 12 $4.50 pf ser A. 100 Masonite Corp 534 Nat Steel Car Ltd.* Nat Steel Corp 25 Nat Sugar Refg....* National Supply— 50c Monroe Loan Soc Al Monsanto C hem.. 10 Parry Corp * Plate 14 734 Molybdenum Corp 1 Monarch Mach T'l * . 1434 $6 preferred... 100 Nat Standard..—10 1134 100 Monroe Chemical. Preferred 2634 634 134 Ask Bid Conv part pref—* Nat Shirt Sh Del—• 53 434 Nat Rub Mach——* Nat Screen Serv—.* Nat Service Cos * 35c Monogram Pictures 1 "H Leonard Oil Devel 25 Lerner Stores.....* Lansings 23 2334 934 Lehn & Fink Prod.5 Leland Electric --* Le Tourneau Preferred Preferred 100 Marshall Field Sc Co* Mar Tex Oil vtc ..1 Common class A.l Martin (Glen L) 1 A 434 13 Modine Mfg com..* Preferred .534% preferred. 10 Radiator..—.* 1434 Mitten Bk Secur._25 Partic pref.. 25 Mock Judson Sc Voe Common .$2.50 Marine Midland...5 Marlin Rockwell. .1 Marion St Shov * 00 Co Nat 45 MoPortl Cement.25 Maracaibo Oil Exp.l Marathon Paper. .25 Preferred 100 .34 McCord Rad cl 434% pref Class B— Mapes Cons Mfg..* Maple Leaf Mill— * Preferred 100 10034 pf 50 Lehigh & WilkesBarre Corp.....* Lehman Corp new.l cum conv 6 5 1 McOall Corp McColl-Frontenac 10 50 114 2434 i Pipe Line A Refining pref—100 13 18 48 * Martin 'V* 8 25 105 1 Manning Bowman Math'son Alkali...* Landers, Frary & 334 * Margay.Oil Corp..* 1 Milling .... 100 Cooker com 2 Nat Print Sc Appli.l Natl Pump com * 734 834 Minneap-Moline Power Implem * 16.50 cum pref..* Mission Corp * * . 1634 Lago Petroleum pref. 134 ser B—* Minn Min Sc Mfg..* Regulator 4% Pref 6 Co common 60 Laclede Steel conv Common.. $7 preferred——* Manufac's Trading 5 30 90 . $5 Nat Mfrs & Stores 51* Preferred.. 80 Nat Oil Products. .4 Nat Paper St Type— 5% preferred.. 100 National Pressure Minneap-Honeywell Manh-Dearborn * Manhattan Shirt.25 Manischewitz. * preferred. 100 75"" 7 Conv preferred..* New common. Mandel Bros Inc..* 15 14 Miller (I) Sons com * Pref 634% 100 Common—.....! 80 2134 9634 72 70 * Supply common.* Mangel Stores— Kobacker Stores.. Cum pref 21 91 534 Miller & Hart— 7% preferred—100 Ctfs of dep stmp 334 6% Midwest Piping & (P R)_....* Manati Sugar 100 Otfs of dep stmp Warrants 55 434 Scrip Mid-West Abras.SOc Midwest Oil 10 Majestic Radio Sc Television com—1 *234 Mallory * Midvale Co 6% pref B100 National Leather. 10 Nat Licorice com 100 Nat Lock Washer.20 Nation'l Malleable Sc Steel Castings * 8% 1st pref.—100 $2 n-c dlv shares.* 1 Razor com.... Preferred 17 $2 conv pref * Midland Steel Products com.* Co—.* Macy (R H) Co Inc * Mad Sq Garden ..* Magazine Repeater 2131 131 Knight <B B& R) pf* Knott Corp 1 6$ --* Preferred.. MacMillan Wire common..-* ; Class Avtc 334 Mack Trucks Inc—* Keystone Steel Sc Natl Gypsum com.l 1st 7% cum pf.lOO 2d non-cum pf. .20 National Lead..-10 Sugar—.* Preferred. Mlckelberry's Food 13 Ken-RadTuDe & Lamp A Par Per share 5 9 Mich Steel Tube.2 34 Lukens Steel.....50 634 Lynch Kennedy's Inc....5 $1.25 conv pref. * Stocks Per share ioS* Cony class A.... 1 Class B —1 Ask Bid Per share KelloggSwitch & S .* 5% cony pref.100 Kelsey-Hayes Wheel STOCKS possible for the closing day of the month preceding the date of issue .J Novadel Agene * Nu-Enamel i Nunn-Bush Shoe 234 Ogilvie Flour Mills.* Preferred -.100 334 834 234 25 ;;!» 27 2 3 434 5 16 18 16 19 47 3434 8 12 2 3 35 40 3) 3! 134 25 27 10 i 14 6 6 12 11 ,50 52 2 ft 1734 21 3434 2134 3634 234 it* 235" 25 INDUSTRIAL Feb., 1938] Bid Stocks possible for the closing day of the month preceding the date Ask Bid Stocks Ask Par Per 17 X Ohio Leather Ohio Match * Petrolite Corp Ltd.* Pfeiffer Brewing---* * Pharis Tire & Ohio Oil * Ohio Brass B 100 Preferred Ohio Seamless Tube* 7 %lpreferred.. 100 Oilstocks Ltd * Okonite common 100 Omnibus Corp vtc_* 8% conv pr A-100 Oneida Ltd coml23* !*♦ Preferred 25 Onondaga Pottery.* Ontario Mfg com..* Oppenheim Collins.* * Y- Conv preferred..* O'Sullivan Rubber. 1 * Elevator 6% preferred-. 100 Otis Steel.— * $5.60conv 1stpf_* I 13 X Manufacturing..5 Outlet Co com....* 7% preferred-.100 / Overman 42 3* 114 4 Preferred 24 3834 18 21 25 IX 11 Reliance Bronze & 5* 5034 334 36 H 10 8* Common 4 10 100 2 10 Reliance Sieel 434 1034 17 Preferred 6 8 17 X 13 Rem'tn Rand com.l B 4X 13 X X rights —— 28c 934 21tf 20 30 Preferred w w..25 in 234 63 67 Renner Co 15 % X 1 1 23* 53* _5 Reo Motor Oar Repub Port Oem__* Republic Steel .* 6% conv pref-100 6% prior pf A. 100 Respro Inc com * JH 38c 1034 23 X IX 17 X 1Z* 60 67 X 60 X 64 X 7X 8 Oxford Paper com.* $0 preferred A $5 preference Ozark Corp 10 12 X 11* 27 §1^ 90 Pacific Can * 89 X 8 Sheaffer Pen * 52 Shell Transp 10 10 X 40J Shell Union Oil & Tr £2 * B common 2d pref 100 100 —100 Richfield Oil of Calif Common.-.....* Pittsburgh Steel—* 7% preferred.. 100 70 3 X 102 634 6% * 7% conv pref-100 Pitts ton Co * Plant Reduction...1 Plant (Thos G) 7% 1st pref...100 Pleas't ValWine Col Pan Am Airways..5 Pan-American For¬ eign Corp class A1 1 B Pan Amer Match.25 1234 Pan Am Petrol & 5 Transport 9H 9 Pan-Am or Southernl _ * 8% conv pref. 100 Pantepec Oil Co—1 Pantex Pressing Machine common* I* 433* 5H 6X 4% conv pref. 100 95 X Paramount Motors * Paramount-Publix 10 Paramount Picturesl 0% 1st pref—.100 6% 2d pref 10 Parke, Davis Co..* Parker Pen 10 Parker Rust Prf-23* Park & Tilford lnc-1 Parkereburg Rig & Reel common...1 Parmelee Trans—* Potrero Sugar 5 Pref stamped—5 234 Prairie Oil & 10 Prentice conv 32 X it* Pressed 2 * Mills 5% Peerless Weighing A Vending com 1 Preferred * Pender(D)Groc'yA * * * Class B Penick & Ford Penney (J C) Com.* Air- % 934 26 k 5k 42 34 6734 Penn-Oentral ' .lines Corp 1 Penn Coal & Coke 10 Perfect Circle * 1 * Pet Corp of Am—5 Petrol Conversion. 1 Petrol Derivatives.* Petrol Heat & Pr—* value, 8 92 98 15 8 common preferred Randall Corp pt Class B Rath 10c 1534 4X 934 25c — A.* * 10 Packing Raybestos-Manhat * Raymond Concrete Pile common....* 36 114 * Preferred X Rayonier Inc com—1 $2 conv pref 25 Raytheon Mfg—50c 6% preferred 5 Real Silk Hosiery Mills common 5 7% pref vot 100 Red Bank Oil * Reece Button Hole 10 Reece Fold Mach.10 Reed Roller Bit * (Daniel) k Last sale, n Nominal, 27 X Aug. 31 8 6X IX 3X 9X 17 X preferred _. 100 6% preferred.-100 7% preferred-.100 St Joseph Stk Yd 100 Corp.* 50 St Lawrence Flour Mills com 100 St L Nat Stk Y * St L Rocky Mt & Pacific Co. .100 Preferred 100 St Regis Pap com..5 Preferred 100 Salt Creek Prod..10 Samson United-—-! Sanborn Map 25 Sangamo Electric. _* San-Nap-Pak com.l St Lawrence Preferred 64X 46 37 X 108 17 X 6 18 56 preferred—100 O) Corp. 10 97 $6 ■^rnith (A 65 X 3 41 113 18 Dec. 27 oZH 40 36 8 1 2 15 20 3X IV* 20 7634 90 X 102 9 4 3X IX 20 X 77 X 93 105 11 Smokers Match-. Smyth Mfg 25 Snider Packing... 8ocony Vacuum—15 Mfg Corp..—1 Solar 1 16* Conv 5 -1 100 Southeast Exp..100 South Dairies A—* Class B -* South 'n Pipe Line 10 Works South Coast Corp. Preferred Southland Royal--* South Penn Oil—25 Sug_* So Porto Rico 8% preferred--100 Shore Oil-lOc 50 Spalding (AGl&Br.* 7% 1st pref.-.100 38 33* 55 4 2H 97 2334 334 33* 60 m 3X 101 25 5 90 16 5 234 22 X 79 12X 90 X IX x Ex-dividend. 3 22 X 81 1334 100 X IX 1434 2X IX South Bend Lathe S'west Pa P L 34 Ii~34 15c 18 8 12 Mfg common _1 62 5 12 9 preferred. Warrants Soss Soutn 10 15 X Smith & Corona Sonotone Corp 323* t New stock, 91 62 23 * 100 Canadian orice. 10X 25 5% preferred--100 53* — r ~2X Rayon _* 1534 7% preferred-.100 Schulte Real Estatel Preferred 100 18X Skenandoa 30 X Schenley Distillers.5 534% pref 100 Schifr Co com * 434 10 33 11 * Savoy Oil 15 Skelly Oil 3X 229 pref--100 "X 75 Units 18X 38 6% cum Savannah Sugar...1 Savage Arms (Franklin) & pref.—100 Simplicity Pattern .1 Singer Mfg 100 Singer Mfg Ltd.. .£l Sioux City Stock Yards com * Preferred * Sirian Lamp com..* Preferred * Sivyer Steel Casting Common * IX 3X Simon Typewriter vtc—* Ryan Cons Petrol-* Ryeraon & Haynes.l Safety Car H & L100 Safeway Stores * 19 X 13 20 X Royalite Oil Ltd—:*. Royal Typewriter.* 7 % preferred- .100 Ruber old Co --* Russeks 5th Ave_2 X Russell Mfg— -.50 Rustless Ir & Steel. 1 $2.50 conv pref..* Ryan Car com * Preferred 100 5X 18 Sloss-Sheff S & O 100 1 5% 145 .100 634% Pref Without par 934 4 1 102 934 7 138X Reeves * 95 11 * Class B com * Ralston Steel Car—- : Permutit Co Pet Milk 1034 8X Product A 2 Peoples Drug Stores* 6% conv pref—10 Pepsi-Cola — * 634 Rainbow Luminous ...lc B 37 7 Railways Corp Penn Traffic 234 Penn Vy Crude Oil— Class A... .-6 Class 6X Punta Alegre Sugar * Pure Oil Co * New com w i Penn Salt Mfg—50 Penn Sugar 20 Units 6 1 15 13 —100 Penn-Mex Fuel 35 Radio-Keith-Orph.* ^ f. Units X X 534 » 6% preferred—100 Quaker State Oil-.10 Pa-Dixie Cement--* 7% conv pref A—* Penn Electric Switch class A__ 10 Penn Federal Corp.* 4 3*% preferred_50 Penn Glass Sand— Common v t c—* $7 conv pref * Penna Industries— 118 31 Quaker Oats IX * of N Y ord shares. 13 6% preferred—100 Purity Bakeries—* Pyrene Mfg -.10 25 Royal Dutch Co 30 Inc IX 2 common * Preferred Pullman X — Co 7% 90 Ross Gear & Tool—* Process Corp com... Proc & Gamble • Publication Corp—* Puget Sound Pulp & Timber com..* 434 16 5 Roosevelt Field 5 Root Petrol Co 1 $1.20 conv pfd.20 Rose 5 10&25c Store 100 r 8% preferred-. 100 5% preferred-.100 Producers Corp _.25c Propper McOall'm.. Prosperity Co B—* 7% preferred—.* Pea body Coal B—5 0% preferred-.100 Peck, 8tow & Wile 10 Peerless Cement—* Peerless Corp 3 16* --* preferred-—* * Pt Common * Slmms Petroleum. 10 Simonds Saw & Steel Common .---* 26 Rossia Int Corp 86 Simmons Hdw & 13 Rome Cable Corp.5 1 24 Simmons-Boar d ma n Simmons Co_ 22 Rolls Royce Ltd— Am deposit rets— 5% conv 2d pf—50 Price Bros & Co—*, Preferred 18 8 Rogers Majestic—* Rogers Peet 100 1 5% conv 1st pf—5 1634 9 Rollins Hosiery pref * Metals Am.* Common 18 3 5% preferred--100 IX IX 98 7cJ>f ser AAA 100 15X Sher-Wms Can * r Preferred 100 r 106 X Signode Steel Strap'g 13 Common * 23 $2.50 preferr ed.30, Pub Roeser & Pendleton » Pressed Steel Car— 2334 8* Rockwood & Oo_—* * Hall I* Rockbestos Prods— Preferred 100 X 16* 31 534% conv pf.100 Shepard Niles Crane & Hoist 25 Sherw-Williams -.25 SIlex Co IX 2 7% 1st pref—100 Rochester Button. .* Preferred 100 Pratt & Lambert--* 10 10 6 Preferred 12 Robinson (Dwight P) Gas.25 86 ...» * A B Robertson Pap Box_5 1 Potter Co com 12X Robertson 'HH)„* Pref unstamped-5 4 Patch ogue-Pl ymo uth Pat he Film Corp__l Class * * Class A 35 H Class Bobbins & Myers. _* Preferred 25 Porto-Ric-Am"Tob—Class B 3X 44 10 X Riverside Cement— ^ A plooo ~2~3* 38 RItter Dental Mfg.* Plough Inc * Plymouth Oil 5 Pocahontas Fuel .100 Preferred 100 Pollack Mfg * Poor & Co class B—* 15 53 * Inc..* Preferred IX 100 Preferred Palmer Bros....._* Preferred.. 60 25% _ * Riley Stoker preferred- -100 Pitts United Corp 25 G)* 107 25 Richman Radiator. 1 Warrants Shattuck (Frank Rights 2 Warrants. Pairpont Corp.-100 4k $3.50 conv oref--* 16 ... 7% pref old 15X 60 $5 conv pref * Sharp & Dohme.—* Warrants... Rice Stix Dry Gds_* 1st pref 100 of Calif com. 10 Pacific West Oil-.10 Packard Motor 3 Shawnee Pottery..1 Pitts Screw & Bolt.* pacific Finance Corp ilS* * Seversky Aircraft—1 Shamrock O & G—1 Sharon Steel Op—* Reynolds Metals. _* 534% conv pf.100 Reynolds 8pring 1 Reynolds Tob 10 23* mx Jan. 15 preferred. -100 (Pa)—100 1st preferred Paraffine Co 7% 16 85 7H 50 X 2d Panhandle P & R. Servel Co IX 13 *3X 2?* cl B..1 —1 SerricK Corp 63 Pgh Metallurgical 10 Pfttsg PI Glass—26 * preferred * pac Eastern Corn--l * 10 Sentry Safety Con.l 7% cum pref. .100 534% conv pf.100 Reybarn Co Inc 1 6% preferred--100 Pitts Coke & Iron..* $5 conv pref—.-* Pitts Forgings 1 10 35 * Segal Lock & Hard¬ ware com.......1 Preferred 50 Seiberling Rubber.* Preferred-. 100 Selby Shoe* Revere Cop <fc Br—5 Class A 10 Pitts Coal * * * Pac Amer Fisheries 5 Class * * Sears, Roebuck Seeman Bros Seton Leather 10 10 Preferred 22 27 X 21X 3X 57 X $2 conv pref * Seaboard Oil (Del).* "7" Seagrave Corp 6 3% Bond warrants 1434 Seaboard Fin Corp.l 97 $1.50 convpref.25 Remington Arms..* 35 27 10 $2 cum pref w w_* 10 (Illinois) I* 6* Warrants 93* . * 20 .._* Common Reliance Mfg Co 4 2 M* * pref.50 Scullin Steel Reliance Elec & Eni 43* 37 X * 25 . Scran ton Lace 6% preferred-.100 72 10X Scott Paper Scovill Mfg X 15 6% pref 100 Schwitzer-Cumm 1 . 8 Steel common—1 Per share X 5X Sts.l 8% preferred—100 Schulze Baking Pitney-Bowes Post.* Pittsburgh Brewing * Preferred * Tire 6% pref * Owens-Ill Glass. 12X . 9X 1 Reis (Robt) & Co..* 2H 9 24 Am shs 500 lire— Cushion Pacific Coast Co- * r 25 r Mills Ltd 7% 1st pref—-100 Reiter-Foster Oil..* Reliable Stores * • .J** Pilgrim Explorat—1 Pillsb F1 Mills com.* Pines Winterfront.l Pirelli Co of Italy Marine & Outboard Schulte Retail Regent Knitting 534 Bid Par Per share Par 19 of Issue Stocks Ask Bid Stocks share 37 Phillips Packing—* Phillips Petrol * Phoenix Hosiery—5 7% preferred--100 Pick (Albert) com.l Preferred 5 Pictorial Paper Pkge Corp 5 Pierce Arrow Motor Car Corp com---5 Preferred 5 Pierce Butler Rad-5 Pierce Governor—* Pierce Oil Corp—25 8% conv pref. 100 Pierce Petroleum..* Warrants Otis 2 Phllllp-Jones Corp.* 7% preferred--100 6% preferred-.100 Oldetyme Distillers 1 Oliver Farm Equip-* Oshkosh B'Gosh 53* 3H 23 H Rub-1 Phelps-Dodge 25 Phila Dairy Prod--* $4 preferred * $6 preferred * Phila Insul Wire-—* Phil & Read O & I-* 89 MISCELLANEOUS STOCKS & Quotations for all securities are as near as Sparks-W ith'gt'n Co Common * Spear & Co * $5.50 preferred—* Spencer Kellogg—* Spencer Shoe * Sperry Corp v t c—1 Spicer Mfg Co * $3 conv pref A—.* Spiegel Inc com—2 $4.50 conv pref..* Square DCo 1 Squibb (E R) & Son* $6 preferred * 16 3X 20 75 4 4% 6X 37X 24 130X 3X 21 3X 37X 2X 7 2l" & 3* 17 24 101X INDUSTRIAL & MISCELLANEOUS STOCKS 90 month preceding the date of issue Quotations for all securities are as near as possible.for the dosing day of the Stocks Bid Bid Stocks Ask Par Par 5 9% 2% 11% Thompson (J R)—25 Thompson Prod—.* $5 conv prior pf_* Preferred..—— Staley Mfg Co 10 7% preferred.. 100 $5 preferred * Standard Brands..* $4.50 cum pref * Standard Brew. ..* Stand Oap 8c Seal—1 Conv nreferred.10 Standard Ooated 1V* 90 Tide W Assn Oil—10 80 Tide Water Oil * Tilo Roofing com.-l Time Inc com * 127 Timken-Det Axle.10 7 % preferred. 100 Timken Roll Bear.* Tishman Realty...* Tobacco 8c Allied — Standard Dredging New common—1 New $1.60 cony Stocks, Inc 4% Stand Steel Spring. 5 Stand TubecIB.—1 3% .... 8% 41 60. 16 j Transcontinental & West Air Line 5 Trans Lux Daylight Picture Screen-.1 Transue & Williams Nov. 18 20 Sterling Aluminum com Steel 1 1 1 Truax-Traer Coal. * Trunz Pork Stores.* Truscon Steel 10 Tubize Chatillon—1 Class A l $1.50 preferred..* Twin Coach com—1 Ulen & Co com...-* 7%% pref..—25 5% preferred 25 Underw Ell Fisher.* . Stokely Bros......! Oonv pref .25 * 12% com. .* 1.25 preferred..* Studebaker Corp__l 6 . W A Submarine Signal.25 Sullivan Macn'y * 8% 51% 6% cum pref.. 100 Sunray Drug 1 123 % 14% __1 36 25 Cement class A..* Class B... * 36 Superior Steel—-100 Susquehanna Silk Mills class A. 5 14 2% 11% 3% 2% 19% 5 Sutherland Paper.10 Swan Finch Oil 15 Sweets Co of Am_50 Sweets' Steel,Co 1 9% Swift & Co 25 lnternatl--15 Sylvania Industrial * Symington Gould— 15 % 36% 2% 2 "5)4 6)4 r6 9% 10 8 8 25 29 80)4 85 3% m 22* 30 8% 1% 2% 1% 3 3 2 1 7% preferred* $2.50 pref...... * 29 Talcott (James)...9 4P 5% % preferred.50 Tampax Inc 1 Tastyeast Inc cl A_1 Taylor-< 'olquitt Co 5 Taylor & Fenn„100 Taylor (K) Dist 1 30 "l% Taylor-Wharton Iron & Steel com.* Technicolor Inc.-.* 10% 18% Telaut'g'ph Corp..5 Tennessee Corp 5 5 12)4 56 it* Transport warr'ts. 7)4 8% Preferred 100 United Biscuit-.-* 7% conv pref-100 United Carbon. * United-Carr Fast—* United Chemical..* $3 part pref * United Cigar Stores- Common 1 6% preferred- 100 United Cigar-Whelen _ Stores 6% 7)4 1 % 18 110)4 40% 16 3 % 36 22% * 7% preferred--100 United Electric United Milk Prod—* $2 preferred * United Molasses Ltd Amer dep rets..£1 Unit Paperboard. 10 Preferred. 100 Unit Piece Dye com* Preferred 100 Un Prof Sharing..-* 10 % preferred- .10 Un Shipyards B...1 Class A 1 Un Shoe Mach 25 6% 3% 6% Preferred—25 United Specialties. 1 Warrants........ 2 3 24 Tennessee Prod * 18% _ Terry St'm Turbine* 80 Texas Corporation 25 Texas Gulf Prod * Texas Gulf Sulph—* Tex Pac Coal & Oil 10 38) 3% 30% 8% 6c Texas Pacific Land Trust old stk__100 $3.60 con v pref- _ $3 conv pref * 1,000 9% * Finishing.. 4% 31% 61% 7% 18% 65 U 8 FoliB U S Freight 60 „ si* 5)4% o V* x Ex-dividend. Univ Leaf Tob * 8% preferred-.100 Universal Pictures. 1 8% 1st pref—100 Universal Prod * Universal Winding Preferred 100 Utah-Idaho Sugar.6 63 8% IV* 78 5 38 7 % preferred. .100 %. 2% 7% 11 53 141 4% 36% 16% 1% 71 4 5% 41% 5% 5 60 % 6% 1% 6% 123" 2* 1 3* 18 * 1% Machin'y5 pf—50 31 was 1% 58 Brower com Common 15% __10 Western Dairies 1 14% $3 preferred * Western Grocer..20 6% 50 Western Groc Ltd— r Preferred r 108 Western Newspaper Union common-.* % Western Tablet & 22 Stationery * West'he El 8c Mf.50 22 93 7% 1st part pf.50 138 Westland Oil * West Michigan Steel Foundry1 Weston El Instru— * Class A.....—.* W Va Coal & Coke.* W m 13 50 M 21% 74 78 2% 35% 2% 37% 30 35 70 75 Steel common- . Vanadium Corp . * .* 17"" 42% 17% * 10 11 $4 preferred* Van Dorn Iron Wks* Van Nor Mach Tool5 Van Raalte Co....5 54 56 Van Camp Milk. 7% 1st pref...100 V an Sweringen 2% 13% 19 97 10c 20c 43% 3% 44% 3% 1% 1% 6% part pref..100 Va iron O 8c O—100 6 % preferred—100 Vick Chemical 5 Pump 1 1% 1% 3 3 9% 40% 17% * * w* Vogt Mfg * DetinninglOO 7 % preferred—100 Waco Aircraft * 65c 16 8 47* 57 125 9* 7* 1 * J* iVA 2 il'A 5% conv pref-.30 I Corp .* com * • -jrif.J Walworth Co.. Preferred 40% 18% 41% 19% 7 85 10 45 50 7 6% 7% 7% first pref pom class B_ $3.85 conv pf Warner Co com * * * Pipe common. .25 Wickwire % Spencer Steel common—10 Wieboldt Stores .8* * Prior preferred..* m Willcox & Gibbs..50 Wilcox (H F) Oil 8c Gas 2% 3% —.6 Wm Oil-O-Mat—_* Williams (R O) * Wil-Low Oafet 1 Conv pref * % Willys-Overland 1 6% conv pref..10 Wilson & Co * $6 preferred * Wilson One ..._* Preferred 100 Willson Products. _1 Wilsonite Corp.. 1 Wilson-Jones * Winsted Hosiery 100 Winters 8c C'mpton 1 Wither bee Sherman Preferred WJR The Station 3 50 9 50 8) 8 120 2 5% 60 Goodwill 26 5 Wolverine Portland Cement com 10 Wolverine Tube 2 Wood (Alan) Steel 7 % preferred. -100 Woodall Indust 2 Woodley Petrol...1 Woodward Iron.. 10 Woolw'th (F W).10 Woolworth Ltd— Am dep rects ord. Worcester Salt. .100 Preferred.100 3 5 7 51 4 6% 14% 38% 16% 98 Worthington Pump 8c Mach » 7% Pref A 100 6% nref B....100 4%% conv prior 15 45 45 preferred ...100 series prior 34 Preferred ...100 27 4%% „, Wright Aeronaut'! * Wrigley (Wm) Jr..* Wrought Iron * Wurlitzer (R) com 10 Preferred 73 61% 3% 9 69 100 8% Yates-Amer Mach.5 45* 6 6% 38 8 11 5 % 3% Warner-Quinlan Co* Warren Bros * $1 1st preferred.* IV* 88 Whittall (MJ|-5% preferred—10 12% 35 3 - 10% 2% 18% i4% Wyoga Gas & Oil. % 36 Warner Bros. Pict._5 85 50 .100 'JkH * 7 % preferred—10" 90 . 11% Ward Baking Corp— Com class A * 21% Whitlock Coil 7% 19% * 6% Weyenberg Shoe Good'm Worts Preferred. 1?* 94% 13% 24% Wheel Steel 82 _ 31* Pulp Pap..* Preferred 100 West vaco Chlorine- * 88 80 Waldorf System. * Walgreen Co com * 4% % pref w w 100 Preferred 42 22 117% Class B 1% & i?* 15 Waitt&Bond Inc A * . 2% % 60c 1 Victor Chemical...5 & 110 1 Va-Car Chemical--* Vulcan 3 15% 19% * com Veeder Root inc Va 6% Preferred 100 144 $5 conv prior pf_* White Motor 1 40 White Sew Mach .* Nov, 19 $4 conv pref * White (SS) Dental 20 White Kk Min Spgs1% Stk trust ctfs * 20 8% preferred..100 Vanadium Alloy 73 3% * 1 West Auto Supply— 7 I* 28% pref conv West Air Exp... 55 * $6 pre* Jrrpcl**" 4 5 Valvoline Oil comlOO 5 1% 2% 9% Preferred * Wesson Oil 8c Snow¬ drift com 5 9 13% 5%% prior pref_* Valspar com 1 Common 4% 17 105 Wellington Oil 1 Wells Fargo 8c Co..l $4 8% $3 conv pref * Warren Fdy & Pipe * Warren (Northam) $3 conv pref .'.* Warren (S D) Co..* 21 13% 23% £?* 23 Waukesha Motor..5 13% Yale & Towne Yellow 20% 1% & Coach Mfgcl B_.l 7 % preferred- 100 York Ice Mach * 12% 83 . 7% Preferred—100 Young (J S) Co. 100 Preferred 100 „ J* 63 87 127 Youn^LA) Springy 15 Youngstown Steel- " 14% Door common Youngstown * 16% Steel 5 2% Youngstown Sheet A Tube „ intended for 7% pref. and 6% pref. at 45-50. 10c 25 Truck Car common 37% 6% 25% 2% 70 1 Welch G'pe Juice2 % Preferred. .100 25 6% preferred.. 100 IV* 40 3% % 20% * 7% conv pref.lOO Valley Mould 8c Iron 1% 11 2 4?a V* 82 o Corp— % 8% 1% 4% 43 4% 10 Vadsco Sales Common 4% 8% 2 Utah Radio Prod * Ufcica Knit Co 100 Wagner Baking 32% Wahl Co...-- 70 118 J Incorrectly reported last month: 85-90 162 8 Waltham Watch cl B 57 164 k7 conv 1 Corp % 4% 100 7 %preferred—100 U S Hoff Steel ■H 3% 100 * 20 Universal-Cyclops 5 25 Wayne Knit Mills.5 Wayne Pump 1 Webster Eisenlohr. * $7 preferred.—100 Weisbaum Bros 67 West Indies Sugar. 1 145% Westins Air Br ke_ * 4% 75 5% Victor Brewing 2% 6% 52 25 4% 125 156 6% prior pref. 100 AH Walker (H) 4% 50 preferred. 100 U S Glass. U S Gypsum 61 10 I New stock, J* 23 1 No par value. price. Envelope Preferred U S 7% Ctfs sub shares.-1 Texon Oil & Land-_2 Thatcher Mfg * Thermoid Co. U S 53% 107% 4* Universal Corp vtc.l Universal Cons OHIO 5 100 Preferred 68 106^1 2 % 19% Viking 80 3 Distributing...* 7% conv pref. 100 3% 65% * Preferred U S „ Vot tr ctfs 4* *4% 1% 6% 6% 70% 50 Common.. 57 United Stove.... 1 United Wall Paper _2 18% Venezuela Mex OHIO Venezuela Holding. 1 42 Venezuelan Petrol. 1 17 Vertientes-Camag'y Sugar common. .5 Vicana Sugar v t c_3 U S Bobbin& Shuttle Term & Trans com-1 Preferred * ii* 12 Un Drill & Tool- Class A.. * Class B .....* United Drug 5 United Dye wood. 10 10% 3c 10 10c com $5 preferred 28% - Preferred 22* Coal Cos com 5 Un Eng & Fdy 5 United Fruit * Un Merch 8c Mfrs.* 1 1 Taggart Corp.. 35$ United Air Lines 3 5%% cony pf..50 Superheater Co. * Superior Oil 1 Superior Portland ww 6 21). 19% 22% Unit Amer Bosch._* Un Artist Theatre.* |% 1 Common 5 Transport ....—5 11 com xw. Conv preferred- * United Stores A...* $6 conv pref * Un Aircraft 8c 27 Sundstrand Mach Tool common .5 Common Common 6 19% United Aircraft Corp.-100 7 % preferred—100 U S Stores com * 1st preferred....* U S Sugar Corp. * Preferred..— * U S Tobacco .♦ 3 19% —1 Un St Yds Omaha 100 Onion Tank Car * Union Twist Drill—6 3 8 4 7% preferred—-50 U S steel Per share Par K Wentwortn Mfg.1% US Rubber. * 8 %n-cu 1st pf.100 U S Rubb Reel—.* U SSmRef&Min50 5% 10% 71% com 21* Imp. * 2% 71* Stores U S Realty & Bid Stocks ... $1.50 conv pref.20 U S Postal Meter..1 U S Print 8c Litho— Common * Preferred 50 U S Radiator— .1 7% non-cumpflOO Mfg 25 Union Oil of Calif-25 Union Premier Food 18 United Stockyards— Mfg—10 Union . Swift 11% 54 50% 1% * Class B 10 50 14 10 % 49 i% Unexcelled Straw b'ge 8c Clothier 6% preferred—100 7% preferred. 100 Stromberg Carlson.* 6% preferred—100 Sunray Oil if* 25 Union Bag 8c Paper Corp common * Union Carb 8c Carb * Stone & Webster..* Storkline Furn 10 Sun Oil 2% 20th Cent Fox Film Common * Stern Bros common 1 Preferred A * Stetson (JB) * Preferred 25 Stewart-Warner. .5 Stinnes (Hugo)Corp5 Titusville 67 3 7% 7% preferred--100 Tung-Sol Lamp... 80c div conv pref Sterling Products.10 Stroock & Co Struthers Wells 2% Forging— Transwestern Oil .10 Trenton Vail Dist- -1 Trico Products * Triplex Safe Glass.* Trojan Oil 8c Gas.-l _ oP 29* preferred...50 Products 2 Transamerica Corp 2 Steel Co of Can—* Preferred 25 Stein (A) 8c Co com * 6%% pref 100 Sterchi Bros com..* Sterling Brewing Sterling, Inc 50 53 15 19 27 Trane Co.... U S Pipe 8c Fdy—20 U S Playing Oard.lO 6% preferred..50 48 Torrington Co ..* Towne Securities..* Preferred. 100 3 pref 41% Todd Shipyards 24 5% 2d 11 16 * 7|* !S pf.100 U S Plywood Corp Common. ......1 110 Wh cum pr 84 41 8 131 10% 7% Part conv& cl A.* U S Lines pref....* 15 Tokhelm Oil 5 Toledo Shipbuild—* t c—1 1st 7)4 19% U S Ind Alochol—♦ U S Leather com..* 5 13 94 Tobacco Secur Ltd— Am deprcts ord £1 Am dep rets def— Stanley Works 25 Starrett (L S) Co..* Starrett Corp— v * * Tob Prod Expts 20 Stand Oil (pal) * Stand Oil (Ind)...25 Stand Oil (Kan)..10 Stand Oil (Ky).._10 Stand Oil (Neb)..25 Stand Oil of N J—25 Stand Oil (Ohlo)..25 5 % preferred-.100 Standard Plastics. .1 Standard Products. 1 Standard Screw. .20 Preferred A...100 Stand Silica com Common 39 . Stand Com Tob coml preferred IV* 4)4%! conv pref.* . Products com Preferred 4)4 2% 13 % Ask share Par Per share Thompson-Starrett * $3% preferred...* Thew Shovel Stahl-Meyer com..* Bid Stocks Ask * 5%% pref—100 Zenith Radio Zonite Products k Last sale, n * 1 Nominal, 36% 64 13% 2% r C.a.afI u«» Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Tin custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore J furnishing the prices bolow, it will be found that for the single maturity bond a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3%—would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields 3%. *-• * Therefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and •eked prices. ■ • 1 ^ •; ■ • tn ■ To or Bonds Bonds 96 100 Q-J 108 Q-J 108M 3% 2M% 2M% 1M % 1M% b 2.25 4Mb Ct House 1938-43 M&N 4Mb Ref 1938-1961—A&O b 2.00 City— Refunding 2-5s.— 4Ms 101M 97 101 & B 1938 J&D 100 4Mb 1939-1958 J&D 105 to 91 Gen fund 4Ms 1941-66 J&D Montgomery— 96 5s funding 1939-1966--J&J 95 4Mb Sanitary Sewer Jan 1*44 4 Ms R 111 111 94 98 97 b 3.90 3.75 b 4.10 3.90 100 100M 105 107 3.50 to 3.50 Mar 15 1940 June 15 1940 Dec 15 1940 Mar 15 1941 1M% June 15 1941 1M% Dec 151941 1M% 1M% 1M% 1M% 101.29 101.4 Tuscaloosa (City)— 5 Ms serial— 4Mb4MB 1M% Mar 15 1942 2% Sept 15 1942 1M% Dec 15 1942 Home Owners' Loan Corp— 3% prin & int guar '44-'52 2 M % prin & int guar '39-'49 2 M % prin & int guar '42-'44 2% prin & int guar 1938— 1M % prin & int guar 1939.. Federal Home Loan Banks— 103 99 100 27 28 ARIZONA Maricopa County— 103.24 103.26 101.23 101.25 101.16 101.17 \ less 1 less 1 Phoenix 4Mb *50 opt '30-J&J 613.50 3.50% 4Mb 1939-1956 J&J 6 f 3.50 3.50% 4Mb Court Hse '38-'48_J&D 6f3.50 3.50% 6s Jan 1 1946 J&J 6 3 .75 less 1 less 1 5s Jan 1 1954 opt 1934—J&J 6 3.75 5s W W 1939-1950 J&J 6 3.75 less 1 100 M 101 Phoenix Un H S D 4Mb 1948 100.29 101 Prescott 101.2 Tucson 5s Water 6 4.50 108 J&J J&J 1948 1950 4Ms W Mar 10 101.21 6 4.00 1945—J&J Highway 6s Jan 15 serially School No. 1 5s 100.7 1M % cons deb Apr 11938.. 100.5 100.11 100.14 lMs July 1938 2s Dec 1940. 102 101 I- 5s 6 3.50 6 2.50 1938-.M&8 3s Jan 1 *56 opt '46.J&J 3s May 1*56 opt '46-M&N MsMay 1'55 opt'45M&N July 1 '46 opt *44--J&J 4s 4s 1958 opt 1938—-M&N 4Mb 1958 opt 1938.M&N 5-4s 1954-1960 102.20 102.26 101.3 101.6 4M-4s 1943-1948 4M-4s 4M-4s 101M 101M 101M 103 M 110M 100 M 102 M Bonds 5-4s 1968-1977 less ] 94 M 93 M 93 M 93 4s 0.75 1939-56—J&J 15 1.75 3 Ms Sept 15 1940-53.M&S 2.00 Hawaii Terr 4 Ms '49.M&S 15 6 2.00 4Ms Jan 1945 0.50 4Ms Nov 15 *38-'56.M&N 16 4 Ms Oct 1956 opt '46 A&O 114„ 0.50 4Mb Nov 15 1938-58-M&N 1.90 2.10s July 20 1941-1945 1.50 1.70% rerag 1940-44.M&S refdg 1.75% refdg 1940-44.M&S b 1.50 Philip Isis 4 Ms 1952 J&J 102 M 102 M 4 Ms 1950— 4MB 1957 M&N 102 M 102 M 4Mb Oct 1959--.-—...-58 April 1955— — 100 5s Jan 15 _ 1941-50 M&N 1938-76.F&A 6 4.50 '38-'55 M&S / 4.10 4.00% 5s Feb 1952 1944-1948 3 Mb Jan 1 1940-1949 Veterans Welfare— 104 3s Feb 1939-1952 0.50 0.25 0.60 0.25 to 2.80 6 0.60 to 2.60 6 6 6 6 % ^75 to 1.75 to 2.30 to to 2.35 to 1.40 to 2.80 to 2.65 to 1.00 to 3.15 East 1.50 3.00 6 3.25 3.10 3.35 4s 3'. 10 3~66 2Mb WatWks 1956-76 M&N 3 Ms Water wks 1952-75— 4s refunding 1941-54 J&J 6 2.25 3 Ms refunding 1955-65—J&J 6 3.15 to 3.05 1938-51 Bridge Auth. 4s, July 1, '57 M Anniston ref g 5Ms Dec 1 1939 6s schools 1938-1947—J&J Bessemer 6s pub impt '38.J&J State Bridge Corp 4s 5s funding Dec 1 1947 Birmingham— 100 Tax-free In Connecticut, 88 M 86 M 103 101 103 M 82 102 80 82 80 3M8 impt ref 1939-50--J&J 6 2.25 4s 1938-1941 A&O 6 2.00 4s 1942-1961 A&O 6 3.25 4Mb 1938-1960 A&O 6 2.00 5s sewers Sept 20 '41—M&S 6 3.40 33 Florence refunding l-4s 104 Gadsden 6% impt long mat— 5s schools 1938-40 A&O 100 * 101 to 3.75 to 3.25 to 3.75 to 3.80 t Less 1 3.25 34 106 102 on bid side, 124 125 118 to 123 98 6 % % 2.75 % 100 to3.25 % 55 57 53 55 '0 Water 1938-41.-A&O 4Mb Water 1938-70..-A&O 4Mb Sch 1938 -1944..-J&D 0.70 to 1.60 % 0.70 to 0.60 to 2.30 4Mb 1938-1968 J&J 4Mb 1938-1969 M&S 5s Municipal 1938-61--F&A 5 Ms Harb Imp '38-'61 M&N 3 Ms Wat Rev '39-'48..J&J 3 Mb Sch Dist 1939-61 „J&J 0.60 % to 3.20 % 0.50 to 3.25 0.60 to 3.20 0.75 to 3.30 3 Ms 1939-77 J&D 3Ms ser A 1939-77--J&J 3 Ms ser B Jan 15 '77 J&J 3 Ms 1948-58 J&D 2s 1938-42 J&O 3s 1943-49 J&O 2.80 ■$ 2.80 to 2.50 I 0.50 to 0.50 to 1.75 1.00 4Mb 1939-45-J&J Danbury 4s 1946 taxable.J&J 2.50 ♦Cheshire 2.40 % J&D 0.50 to 3*00 2.00 1.90 M&N M&N 0.75 to 2.80 2.90 to 3.15 b 0.75 to 3.00 % 4Mb Sch 4Mb Sch 1938-49 1950-59 East ITartford Fire ♦5 Ms M&N 1938-1951 (County)— Greenwich— % District— _ 0.50 1 to 2.10 1.00 to 3.25 0.60 0.50 to 2.90 0.80 to t to 2.00 „ „ ♦4Mb 1938-1942 M&S 4Mb March 1, 1938-1951 — Groton S D 4Mb June 1 '38-60 1 3.00 % J&D 1.90 to 2.30 % *4s Water June 1, 1938-'39_ Sch '39-'55—.J&J 0.75 to 1.25 1.00 to 3.00 I M&S 1.50 to 3.15 % ♦4Mb to 3.15 Electric Plant Revenue— Ref 4s 1939 to 1975-J&D to 2.00 1938-49 J&D Hartford 2.95 3 Ms % I ♦4s High 1.90 to 3.10 - %- 2.85 3.00 to 3.00 to 3.15 Bristol 4 Ms Water 1939—J&J *5s July 1, 1938-55....J&J Hartford— *4s Water 1940-45 to 3.10 -J 0.75 Mb 1938 to 1950—--J&D Glastonbury *4Ms '39-58-J&J 1.35 - ' Fairfield 2.85 1940-1962 . % Los Angeles (City)— 6 3.50 3.00 128 to to J&J t ♦4Mb 1938-65 % 1.60 6 3.15 6 to 120 3 Mb Fund 1941 tax'le.A&O East Hartford (Town)— % % % 0.60 3.30 % % 2.30 % 0.60 3 Mb series C 1942-1971-J&J Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 -- 1949—M&S 1949-51.M&S 116 115 0.50 0.50 3 Ms improvt ♦5s Construc'n to 2.25 to 2.95 Golden Gate Bridge & H'way- 1,1956 J&J J&J J&J 1938-41.-J&J 1 to 2.35 J&J 3.25 to 3.50 4 Ms 1942, 1946. 4s pub highway b 2.00 2.40 % to 2.25 %v to 2.90 1938-52. _A&O Berkeley 5s 1942-1951 5s School 1939-1955 6 3.20 4s renewal July Disp'47-'56A&0 4.50 J&J 6 I 2.30 % to _ to 2 3 Ms renewal class C 1956.J&J 4 Ms harbor impt June 1 '38-'73 4 Ms highways 1952.....M&S 4Ms 1956 and 1959 M&S 2.50 to J&J Bay Mun Utll Dist— 1939-1974 J&J Contra Costa Irrigl)ist6s Bakersfield 5s 3.00 % 1955.A&0 0.50 to 2.40 ALABAMA to 2.30 2.40 0.50 *38-'48-A&0 6 0.25 4M8 Mun Imp 5s I to 2.10 0.50 Alta Irrig Dist os East % to 2.30 1955.A&0 CONNECTICUT to 2.40 % to 2.50 b 0.60 Water Retire Ms 1914-1963 5 Mb 1947-1956 5 Ms 1964-1973 5s 1974-1983 to 2.40 112 1.80 % to 2.50 % Bridgeport 4Mb 1938-65.-J&J 4 Ms High Sch 1939-63.J&J *4s 1938-1968. F&A 113M 111 ft to 1.10 1938-'52_A&0 '38-'50 J&D J&J 6 1.00 6 1943.. 100 to 1.50 Bloomfield4Ms J&J2 6 1.35 J&J2 6 1.85 6 3.50 gold 1953 5s July 1954 opt 2 Ms 1939-1946 to 2.80 Branford (T) 4 Ms '50-J&J J&J 4s to 2.75 1.00 103 F&A 6 0.50 3.50 % %\: 1.90 4.00 112 2Mb Feb 1 1939-1954.F&A 6 0.50 2Mb Feb 1 1939-54-—F&A 6 0.50 Alameda 4s 1938 to 1941 -J&D 6 0.60 112M to 1.50 101 110 M 109 M 5Ms Aug 1941 Puerto Rico— 4Ms July 1952 —J&J 110M 4Mb funding 1963 J&J b 3.65 5s July 1948 opt '43—J&J 110M 5s Jan 1 1950 opt *44—J&J 6 3.25 to 2.50 102 — - 4s Harb Imp 1985 opt 5s Jan 2 1941-1943 107 % to 2.95 110 Univ Bldg Jan5'39-65J&J Highway 1938-48-J&J30 1939-1947F&A Olympiad 1938-71 — J&J2 4Mb 1939-1952 F&A 4Ms 4Mb 4Mb 4Mb 104 106 %\ to 2./0 to 2.40 5 CALIFORNIA 101 to 3.10 to 2.00 2M8 Sewer 100 to 2.65 4s Jan 2 to 2.70 99 5Ms 1955-1965 5s 1959 opt 1939 103 M 103 M to 2.70 103 4s 1958-1960- to 2.20 %. to 3.00 102 4s1944 to 2.20 to 3.15 Moffat Tun Imp D 97 3.90 2.25 to 2.10 1.50 1963-1972 opt 4.00 to to 3.25 b 2.30 Q1 4s Water Rev 116 to 2.90 1 to 2.95 b 2.00 3 Ms Mun Little Rock S D 4s 1.50 1.50 to 2.50 % % % 3.25 % 3.20 % to 2.25 1941-1945.-.--J&J 3s 1963-1972 opt 103 to 2.75 July 89 101 U S PO SESSI ONS Honolulu (City & County)— 2.75 5s Pub impt 1956..J&D 15 b 3.00 1938-47.J&D 89 Little Rock— & to 2.10 1.00 '39-'54.J&D 1939-1951 -J&D 81 6 4.50 4Ms *38-'50-M&8 1 % 93. 3.65% March 1, 1950-54.-. 2Mb Sew dist 1947-56.A&O St Francis Levee Dist— TERRITORIES page 88 3s Rose, Hemingway opt 1944 4Mb Fund to 2.90 to 3.30 87 102 Hot Springs to 3.10 to 2.80 to 2.85 to 87 1944 3s Attorney Gen opt 103 M 2.20 i< to 1.75 to 80 3s 1949 102 0.75 0.50 0.40 0.30 0.60 0.60 0.50 S D No 1 4Mb 90 89 v % to 2.95 98 M 2Mb warrants 1952-'54-J&D 1.60 Colorado Spgs 4s Mar 11941 -4MB 1938-1939 J&J b 0.60 Denver (City and County)-4Mb Water 1944 J&J b 2.00 b 0.60 4Mb Ref Wat 1938-67.J&D 4Mb Water 1962-1965.J&D b 2.60 5 D No 1 4 Ms 1939-53-J&.) b 0.60 95 — — 102 110M to 2.20 3s warrants 93 M 93 — 5-4s 1961-1967 e to 1.90 b 0.25 2Mb State H'way 110 less 1 92 M 92 104.8 103.20 103.22 103.29 103.30 Loan b 0.25 4?0O to 1.75 COLORADO 97 5-4s 1949-1953 104 '< 3% int & prin guar 1944-'49. 3% int & prin guar 1942-'47_ 2 M % int & prin guar '42-*47 1M % int & prin guar 1939— Instrumentalities of U S Govt Federal Land Bank—Farm 3s July 1 *55 opt '45.J&J to 2.00 CANADA—See ARKANSAS 5-4s 1943-1948 101.24 to 2.80 b 0.35 b 0.35 b 0.35 Municipal 1938-1960 J&J b 0.50 1939-1966.—F&A b 1.00 4 Ms Wh & Har '39-'52.J&J b 1.00 4Ms Water 1938-1964 b 0.50 3Ms g July 1, 1938-44.-J&J b 0.50 San Francisco (City & County) 5s Water 1939-1969 J&J b 0.75 4Ms Water '57 '58, '59.J&J b 2.90 4Ms 1938-1951 J&J b 0.25 4Mb 1938-1951 M&N b 0.50 4Mb Water 1939-1977--J&J b 0.25 4s Wat Distrib 1938-53 J&D ) 0.50 4s W .t Distrib '38-'63 J&D b 0.50 San Joaquin Co 5s '38 '49.J&J b 0.25 Santa Barbara 5s '39-41-JanlO b 0.60 4Mb gold Aug 1943—F&A Turlock Irrig Dist 6s West Side Irrig Dist 6s / 25 106 100 4s 101.5 b 1.00 5s 106 103 -- — Tuscumbia refunding l-4s 100.23 100.25 102.4 102.6 103.6 103.8 102.4 102.6 to to 5s School 3.80 6 2.00 5s W W 1939-1957 —J&J > 1011 ollO 6s ref pub impt '38 '53 M&N 3.25 Tuscaloosa Co 6s Bridge 1941 6 3.50 6 3.90 3.60 5s Road 1957 101.12 101.14 102.12 102.14 101.14 101.16 101.15 101.17 101.23 101.25 101.16 101.18 101.15 101.17 101.13 101.15 101.3 101.5 101.2 % % % 2.40 % 3.15 % to 3.00 b b b b Sacramento 4s Jan '39-'45 b Sacram'to Co 4Ms '38-'46 J&D b San Diego 5s W W *43-'54A&0 b 5s Water 1938-63 J&J b Tuscaloosa— 101.27 to 3.25 to 3.25 Orange Co 5s 1938-45 M&S Pasadena 4s 1939-42. J&J Redlands 5s 1938-51 J&J15 Riverside 5s 1938-53 J&D Riverside Co 5s '38-'54--M&N 105 95 to 3.20 0.60 0.50 2.50 b 0.90 3 102 103 '39.J&J Water & Sew 4Mb June 1 1938-1948— — 5s School May 1 1945-_ — 0.70 0.70 Ms Jan 1 1939-1960 Los Ang Co 4Ms '39-'49—F&A Modesto Irrig Dist 6s Oakland 5Ms 1938-43.—F&A 4Ms Mun Imp '38-'43-F&A 4Mb 1938-1965 F&A Oakland S D 4s 1938-44-J&J 68 65 110M Mar 151939 /o uec 15 iy.5y 3 to 3.30 % 3.80 % Mobile Co— 101.2 101.4 101.17 101.19 3 M % int & prin guar to Mobile Montgomery Co 4 Ms 1957-59 68 Road 1951 —J&J Morgan Co. 5s 1938 J&J 5s Road 1952. F&A Selma (City) 5s-6s 1938-55— 2 Ms 1939-1952 J&J Mar 15 1938 June 15 1938 8ept 15 1938 Dec 15 1938 % Sept 15 1939 Angeles City High Sch Dis! 5Ms 1938-1954 M&N b 5Ms Nov 1938-60 M&N b 5s 1938-1964 F&A b 4s 1938-1945 J&D b 4s 1946-1961 J&D b Net Ask Los Jefferson County— 104 2M% June 15 1939 1 r& 1938-1962— To or Bid Bonds Net 98 98 Pub Imp ref 5s _ 3s Conversions 1947 U 8 Treasury Notes— Ask Hunstville 5s funding Mar 1'42 UNITED STATES—See also pa ge 19. Treasury 4Mb 1947-52. A&O 117.12 117.16 Treasury 4s 1944-1954—J&D 112.20 112.22 111.8 Treasury 3 Ms 1946-56--M&S 111.5 108.3 Treasury 3 Ms 1943-47—J&D 108 106.5 Treasury 3 Ms 1940-1943.J&D 106 107.6 Treasury 3 Ms 1941-1943.M&S 107.2 106.12 Treasury 3Ms 1946-1949.J&D 106.9 106.4 Treasury 3 Ms 1949-1952.J&D 106.1 Treasury 3s 1951-1955--M&S 104.10 104.12 107.9 Treasury 3 Ms Aug 1 '41.F&A 107.6 Treasury 3Ms 1943-45..A&0 107.16 107.18 Treasury 3s 1946-1948—J&D 105.20 105.21 Treasury 3Ms 1944-46.-A&O 107.12 107.16 102.4 Treasury 2Ms 1955-60--M&S 102.1 104.7 Treasury 2Ms 1945-47..M&S 104.5 102.8 Treasury 2 Ms 1948-51—M&S 102.5 Treasury 2 Ms 1951-1954. J&D 101.11 101.12 101.7 Treasury 2Ms 1956-59.M&S 101 Treasury 2 Ms 1949-53 J&D 99.30 99.31 103.4 Treasury 2 Ms 1945 J&D 103.1 3s Panama Canal 1961..Q-M 114 118 3s Conversions 1946 To or Bid Net Ask Bid Yield Basis Yield Basis Yield Basis % 1939-1960 County— Metropolitan District 2Ms Wat Sup*38-'77M&N b 0.50 Hartford (School 3,25 % % % to 3.00 District) ♦4Mb 1938-1947---—M&S ♦4Mb Northeast 1959-J&D 4Mb 2d North 1944 J&J *3 Ms South Sept 1955.M&S *4Ms Wash't'n '41-47.J&J Killingly (Town)4 Ms'38-56J&J 1.00 3.05 2.45 to 2.50 2.75 2.60 2.00 to 2.50 0.75 to 2.90 0.50 to 2.30 % 0.75 to 3.00 % 1.00 to 2.35 2.95 2.35 Manchester— ♦4Mb M&N 1938-1944 1.25 to 2.80 to 3.05 1 1.40 to 3.65 % .J&J 0.75 to 3.60 1.25 to 3.55 I %. ,%> Manchester 9th School Dist— 0.90 1 99 1 99 M 2.80 to 3.25 0.25 to 2.15 2.25 to 2.90 t Bid prices for long and short maturities, % % % M&N 4Mb 1938-1951 Meriden (City)— 4Mb 1939-1943. Middlesex ' b Basis, % County— 1Mb Bdge 1938-55—M&N 6 0.50 New Britain (Go) 2.65 4s Munic Bldg 1948---J&J 0.50 4s 1938-1952 F&A 0.50 ♦4Mb School 1938-52-F&A f Flat price, n Nominal. to 1.30 % 2.55 %■ to 2.90 %: to 2.90 % 92 STATE BONDS MUNICIPAL AND Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Bonds To or Bid Ask New Britian Continued— 4 Ms Water Aug 1941—F&A 1.60 1938-1969. F&A b 0.50 •4Mb Sch Aug *38-'43_F&A b 0.50 ♦4s Park 1938-1943—F&A b 0.50 4Ks to 3.20 to 2.10 to 2.10 New Haven— ♦4s 1.90 1.80 2.10 Apr 2, '40 tax-expt A&O *4tfs 1943-1962 to 2.90 •6s 1938-1961 J&J 0.75 New London— *4 Ms Imp 1938 M&S 4M» Park July 1942--J&J 4Mb Water 1960 F&A Norwalk (O) 4s 1954-1964— ♦4 Ms Sch March 1938-1953. 0.50 •4Ms Improv't '38-'39—J&J 0.50 0.50 3Ms 1938-71 A&O 3^s Sewer 1947-70- J&D15 2.25 6s 1938-71 A&O 0.75 Norwalk (T) 4 Ms 1942--J&D 4Mb Sewer 1940-68 M&S b 1.50 Norwich 4 Ms water 1939.M&S ♦4Mb 1938-1964 M&S15 b 0.50 4ms Refunding 1939.A&0 •Plainfield (T)4 Ms ,38-,67A&0 0.50 Putnam (T) 4Ms ,38-,46.A&0 0.50 •Ridgefield (T) 4Mb Jan 1 '43 Stamford (C) 4s 1942—M&N Stamford (T) 4 Ms '39-'45 J&J b 0.75 •4Mb Sch 1938-1965—M&N b 1.00 4Mb High Sch 1939-'59 J&D b 1.00 Torrtngton— •5Ms Fund 1939-'41 J&J b 1.00 4Mb July 1 1939 J&J Wauingford (Town) 4Mb 1943, 1948, 1963 J&J 2.20 to 2.85 f 7s 1957 2d ser. s f 7s 1957 3d ser. to 3166 to 3166 to 3.66 to 2.60 to 3.30 3.30 3.00 to 2.05 to to 2.75 to to 0.50 0.75 1.90 to 3.25 0.50 to 3.25 to 2.35 2.75 2.75 to to 3.00 3.25 0.50 to 0.90 to 2.90 3.00 to 3.30 . 2.60 3.00 to 3.00 to 2.40 to to to 2.15 to 2.85 DELAWARE 2Mb April 1 1938-1947 2Mb April 1 1948-1957 2Mb April 1 1958-1966 Kent Co 4Mb 1945-1950-M&S New Castle Co— 6 Mb 1938-1944 J&J Sussex Co 5s 1939-1970—J&J 1.80 0.40 1.85 2.15 to 2.00 to 2.25 0.50 to 1.85 0.75 to 2.65 0.75 to 2.45 2.30 4Mb 1938-1958 (s-a).-A&0 0.25 6s 1947-1949—. A&O 6 1.90 to 2.00 4Mb 1938-1953 A&O to 2.15 to 2.35 Wilmington— 4 MsBldg—Con'53-'62 M&S 4b 1938-1941 4b 1942-1948 A&O 6 0-50 A&O 5 1.40 to 2.50 to 2.25 to 1.25 to 2.00 FLORIDA Brevard County School Tax Districts No. 4 6s 1938-55— 111 44 47 96 92 95 Duval Co Road 5s 1955 109 Duval Co School District No. 1 5s 1938-1955 6 4.25 Escambia Co 6s Aug 15 1951. 100 Galnesville 5 Mb July 1938-40. b 2.75 6Ms July 1941-1975 6 3.75 Hillsborough Co 5s Oct 1 1943 100 Hillsborough Sch Dist No 4— 98 Jacksonville— 6s Jan 15 1939-45--J&J 15 6 2.50 6Ms Jan 15 1940-45.J&J 15 b 3.50 Refunding 2.60s Jan 1 1957 b 3.25 Lakeland 6s / 60 3.85 110 3.50 to 4.10 102 Water & Light 5 Ms 1940-50 91M 82 M 82 M 83 H 84 Extl 5s July 15 1955-J&J15 Extl 5s 1957 M&S 105 M 105 M M&N 100M 106M 106 M 101M J&J 103 M J&J ilH Bank of Colombia 7b *47. A&O 7s 1948. — Marion Co Road 6s 1952 Road bonds 5s 1952 Bolivia 19M 19M J&D Bogota (City) extl 8s '45-A&O Extl s f 6 Ms 1947 A&O Bogota (Mtge Bk) 7s May *47 7s Oct 1947 A&O jRep) Ext 8s Extl 7s 1958 Extl s f 7s 19696s 1940 Brazil 8% 101M 99 M Danzig Port & Wat Ways Bd ExtTs f 6 Ms 1952 J&J Denmark ext 6s 1942 J&J Ext'l 5Ms 1955 F&A Trustrcts4Ms 1962 A&O 15 Denmark Mtge Bk—See Mtge 105 H 103 M *47 M&N 12M 20M . '23°M 3M 3 H J&J M&S A&O it* ex 1941 J&D 7s Cent Ry elec 1952..J&D Extlsf 6Ms U (1926) '57-A&0 Extlsf6Ms (1927) '57-A&0 U —.___ 58 101M Bank of Dominican „ Rep 5Ms '42.M&S 2d Series 1942... 63 M 2nd 60 M & 60 5 Ms Oust Adm11940—A&O ser 5Ms 1940—-A&O Administrations— 60 60 60 5Ms of '26 ext 1st ser 1969 5 Ms of '26 ext 2d ser 1969 Dortmund Munic 6s 1948... Dresden (Ger) ext 7s '45 M&N r Duesseldorf 7s to 1945 Duisburg 7s to 1945 r 60 _ 10 9 104 Municipal Loan 5 Ms of *22 ext 1961 2d series 1961 110M 107 H 115M 102 M 20 X 19M 13 M 24 H 25 4M 4M 4M 8M 7M 104 r r ... 19M 16 17 M 17 M El Salvador (Rep)—8sA*48 J&J Certificates or deposit Estonia (Rep of) 7s. 1967 J&J Finland (Repub) 6s '45.M&S r 24 99 108 Frankfurt-on-Main (Germ)— 7s 1938-1945—-.-.A&O/ 19 Extl s f 6Ms 1953 M&N / French Government— 7s ext of 1949 stamped-J&D 78 Dlain 1Q4Q 18M 105 H 99 M 104 H 97 M 20 17 17 17 15 19M 15 14 10 ' German Cons Munic 7s'47 F&A / 10 4s of1889_ IS* 15 11 4s of 1910 / 15 11 4 Ms of 1883 4 Ms of 1888 4s of 1900 Int ctfs of dep July 1 1938.. 11 5s of 1895 5s of 1913 14 10 14 Cons munic 6s 1947--J&D/ 19M German Govt Internat— 5Ms loan of 1965 J&D / 27 5Ms unstamped 1965 52 M f 7s 1967 J&J / 31H Stabil loan 7 Ms 1968.M&N / 33 Oaldas—Ext s f 7 Ms 1946. J&J / 7Vs 12 M Oali(Oolombia)s f 7s '47.M&N s Oallao (Peru) 7Ms 1944--J&J Carlsbad (City) s f 8s '54.J&J 6 32 H .j unstamped xa-xv Default coups July-Dec'33. Jan to June 1934 July to Dec 1931 — / !IH / 40 37 Jan to June 1935 July to Dec 1935 Jan to June 1936 July to Dec. 1936 Jan to June 1937 __ ! , July to Dec. 1937 f Jan-June 1938. / Scrip -II—/ Dawes coups Dec 1934 stpd / Apr. 15'35 to Apr. 15*37-/ Young coupons Dec 1'34 stp / June 1 '35 to June 1 *37.. / -. - German Prov & . Comm n* 26 25 23 6M 9 18 H% 14 Bk« (Con Agr LoanieMs'SS J&D / 20 Craz(Mun)Austria 8s'54M&N 106 M Gt Brit & Ireland—See British s f 7s 1964.-M&N / 30 M 7s part paid 1964 M&N / 29 Sink fund 6s 1968 F&A / 28 6s part paid 1968.._F&A _ Greek Govt 32 33 H 27 M&N / 34 , 8M 14M 7M guate^lax8s 1948 Haiti 6s (I^P) 6s extl 1952-A&O 1953 A&O 70 75 Hamburg (State of) Germany 60 (Dept of) Colombia 8M 8% / 21M 20 32 28 Funding 5s 1931-1951 Funding scrip / 44 Bremen (State) 7s 1935—M&S / 16 "20 6s 1940 / 14M ■18 M Brisbane (City) Australia 100 M 100 M 30-yr s f 5s of 1957 M&S S f 5s 1958 101 100 M F&A 102 M 20-year s f 6s 1950 J&D 102 British 4s 1990 opt *60-.-M&N 114M 113M Brit Hungarian Bk 7M8 1962 / 28 23 M Bud'pest(Oity)6sJ'n'35coup'62 / 22 M Buenos Aires (Prov)6s*61 M&S / 106 6s stamped 1961 79 / 70M 7s stamped 1952 86 / 72 7 Ms stamped 1947 85 / 76 6Ms stamped 1961 / 70 M "56 Scrip / 53 65 M 63 Readjust 4M-4Ms 77-M&S Ref s f 4M~4Ms '76--F&A 66 Extl re-adj4M-4Ms '76A&0 68 } Ext re-adi 4M-4Ms*75M&N 70 H 60 9M Gold 6s 1946 A&O / 16 Hanover (City) Germany 7s'39 / 20 Hanover (Prov) Germany— 16 to 4.00 3.00% 63 105 105 98 100 88 Refunding 5b 1964 90 M&N 6Ms 1940-1950 M&N Ref 4Mb non-opt 1947-56New Smyrna refunding 3.50 4.15 4.00 83 4.25 80 Orlando— Refunding 4s 1938-62.F&A Orange County 5s 1944--J&J 6s 1952-1953--J&J 5Ms 1945-1950 98 4.50 6s 1940-1950 Palm Beach (City 4.85 Pensacola 4Mb ref 1941—J&J 6s 1958 4.75 4.80 4.15 of) 5b 99 100 Pinellas Co ref highway 86 Polk County 5s July 1 1938-40 6 3.00 St Augustine 5-4s stam'd 1955 70 - 6Ms & 6s imp 1937 F&/ 8t Johns Co Road 5s 1946.. Road 5Ms 1944 Petersburg— Refunding— 3-5s Oct 1 1972. 26 23 30 6s 1st series 1957-.IF&A / 6 Ms 2nd series 1949—F&A / Havana—1st 6s 1939 95 Q-J 2d 6s 95 -IIIIo-J 95 Heidelberg (Germ) 7Ms'50J&J / Hellenic Republic (Greek) Sec Wat Wks ext 8s 1952—. / 77 Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O 104M 12 15 Hessen. See Munich Bank Hungarian Cons Munic Loan 16M 18 Cent Agricul Bank (Germany) Farm loan 7s 1950—M&S15 Farm loan 6s I960—.J&J15 Farm loan 6s 1960—A&O15 Ser A int 55 100 4.25 4.40 4.50 4.60 3.90 103 104 88 to 3.75 .73 100 60 104 101 104 ctfs 1938.A&015 Central Bank of Germany— 6s A 1952 If&A 2.75 4.50 22 6s series B 1951 A&O Chilean Cons Municipal LoanExtl s f 7s 1960 ser A..M&S to 2.80 100 Miami Beach— 6 Ms 1938-1939 s f 6s 1960 A&O Extlsf6s Feb 1961...F&A Extlsf6s Sept. 1961—M&S Extl Ry ref 6s 1961 Extlsf 6s 1962 Extl s f 6s 1963 J&J M&S M&N 6% assented.. Chili Mtge Bk 6 Ms *57 J&D31 S f gu 6 Ms Jne 30*61 -J&D31 S f gu 6s 1961 A&O 6s 1962 57 4.75 59 4.25 Tampa— M&N 6% notes 1931 J&D 6s stamped 1931—.— Chinese Government— Hukuang Rys 5s £__J&D 15 Coup No 39 due Dec 151930 Coup No 38 due June 15 '30 Cologne Germ'y 6Ms'50-M&S Colombia Rep 6s 1961 J&.T 6s Oct 1961 A&O 4s 1946 Colombia Mtge Bk— 4.50 4.00 4Mb Impt 1937 96 98 Copenhagen 5s June 1 *52 J&D Extl g 4Ms 1953 M&N 48 50 Cordoba 100 West Palm Beach— Extl 29 s f 7s 1957 F&A 7s stamped 1957 7s stamped 1937 b Basis, f Flat price. 5 38 H 34 33 38 k Last sale, «Lg JMs 16 17 17M 17M 17M 17M 17M 17M 17 17 17 17 17 13 15M 15M 15M 15 M 16 18 16M 15 15M 18M 13M 18 1945 t Ml* 35 J&J/ 18M Extl s f 7s Sept 1946.-J&J / 18 Hungarian Land Mtg Instit'n Mtg/Ms igei ser'A—M&N / 18 S f 7Ms 61 ser B($ bds)M&N / 18 Hungary (Kingdom)— r «8Ln^-fun^ 87 1944—F&A / Irish FVee State 5s 1960-M&N Italy (Kingd) extl 7s *51.J&D Prestito Redimibile 3Ms... Ital Cred Consortium for 57 114M 78 M 28 Pub wks ext 7a B.47 M&s Pub Util Credit s f 7s'52J&J Japanese Government— Sf 6 Ms 1954 F&A Extl s f 75 Oriental Dev Co 6s'53.M&S Orient Dev Co 5Ms'58M&N 52 „ 5jMs 20 1965 M&N 60 M 72 55 M 50 Jugoslavia—See Mtge Bank of 1M7,4A/ 18 13 M 13 13 M 35 38 Extl s I 6«s 1958 M&S/ 10 (Prov)7Ms'5QJ&D Lower Aust Luneberg (City) 7s 1948.M&N / 19M 100 M 97 H 58 75 24 Maranhao (State) Brazil— Ext g f 7s 1958 ..M&N / 24 Medellin 22 100M 98 M 62* 62 69 n . 17 H (City)— Cordoba (Prov) Argentina— Extl s f 7s 1942 J&J Connecticut, 30 s f 6 Ms 1947 A&O / 20 Sinkfd 7s (of 1926) '46 M&N / 20 Sinkfd 7s (of 1927) *47 F&A 20 98 __ 30 20-yr 6b June 1955 opt '25—J&J 6s W W Purch '38-72-F&A 6 J&J 3 34 13 7% assonted Extl — Suwanee Co Road 5M« 1946— 6 102 Bergen, Nor Ex.sf 5s *60M&S Berlin 6 Ms 1950 A&O 104 104 M ....M&N F&A 14 115 98 M 103 J&J 15 f 88 1951 ser A—A&O f 8s 1952 ser B._A&O Ext s Danish Cons ^ 22 ife s Customs 17 Bavarian Palatinate 7s 1945— Belg Govt extl 6 Ms 1949 M&S External s f 6s 1955 J&J Extl s f 7s 1955 J&D 6s June 15 1958 Ext 20 20 12 f 5 Ms '53 15 c 103 M 5MsPubWksJune30'45J&D / 73M Serial 5Ms 1937 J&J 36 19M Barrauquilla 8s 1935-40-46-48 Bavaria (Ger'y) 6Ms '45-F&A 7 Ms 1946 A&O Extl sec 7s 1948. J&D Ceara (Brazil) 8s 1947---J&D Mi a ml— Tax free in 18 A&O 21M — M&N / 15 / 15 Cundinamarca Dep (Colombia) Extl s f 6 Ms 1959 M&N f Czechoslovak Republic— iC4M Austrian Govt 7s 1957 Baden extl s f 7s 1951 Oauca Val to 4.25 ♦ 20 100 Extl s f conv 4 Ms *71-M&N S f extl loan 4s Feb *72-F&A S f extl loan 4s Apr "72. A&O Australia (Commonwealth)— 101 6 3.50 6s July 1 1941-55- Refunding 2-5s i?A s 5Ms 1955 5s 1953 93 103 to 3.50 St 20 % 6H 6% 6H 6H f — Chili (Rep) ext 7s 1942.M&N - „ Extl 6M 6M f 7s 1951 ,0 * Funding 5s 1951 5s1949 * Cuban 5s 1944 opt" 1911—M&S Extl g 4 Ms '49 opt F&A Extl g 5s 1949 F&A 104 99 % 8s 1946 Antwerp (City) extl 5s *58 J&D Argentine Repub— Sec Leon County 5s July 1 1938-40 b 2.75 _ A&O A&O Extl s f 4s $ bonds 1984-J&J Bulgaria (Kingdom)— 112 to 24 ... 106 100 104M _ , 50 45 104 Columbia Co Road 6s 1955.. Cpral Gables— New refunding 2 M-5s Dade Co 5s Oct 1947-54-A&0 Ref 3 Ms 1940-1947 Dade County (School No. 2)— Refunding bonds f 7s 1957 1st ser.A&O Extl 4Mb 1956 to "23 H sec s (Republic) Costa Rica Pac Ry 7 Ms 1949 _ 6M 6M 6K 6M 5M 5VS C 1945 J&J D 1945..J&J s 2.50 West Hartf'd 4 Ms 1943.. J&D 4"Ms Mar 15 193848.M&S 6 0.50 W HavUSD*4Ms'38-'56 M&N b 0.50 0.60 Westport 4Mb Jul 'uly 1 1938-60 Weston (T)4Ma" '38-'45_ .M&N 0.60 Windam (Township) 4s 1939-1942 0.90 -J&J 4b 1942-1952 J&J 2.15 ser s 3.30 3.40 Mi 17M1 J&J B 1945—J&J Extl to 100 M&S / Extl 2.40 _ ser ser f 7s 20; 20; A 1945 Extl J&D 2.50 f 7s f 7s 20 (Dept of)— ser to 1.50 J&D 4Mb 1946-1953 J&J ♦4Mb Water 1938-64 J&J 6s Water 1938-1951—M&N 6s Water 1952-1971-M&N15 s f 7s to 3.25 •3s 1938-1942 J&D 4b Water 1939-1965 J&J 4Mb July 15 1938-66—J&J 0.75 s s Extl ♦2Mb 1950-1962 J&D s Extl to Ext „ 25 H 20 .M&N —- Anhalt 7s to 1946 Extl 1938-46 Water bury— ♦2Mb 1950-1962 4s 1963 5s Rica Ask Bid Bonds Costa Agricul Mtge Bk (Colombia) 6s (Feb '35 coupon on) -1947 6s (Apr '35 coupon on, .1948 7s (Apr *35 coupon on) .1946 7s (Jan *35 coupon on)-1947 Akershus (Dept of) Norway. Extl 3.00 Ask rOREIGN GOVERNMENTS AND CITIES Antioauia Col to Bid Bonds Net 83 H Nominal 88 15 (Munic) (Colombia) 7s extl Dec 1 1951 / 6Ms 1954-—:-—.-HI/ Mendoza (l^rov) Argentina— 7 Ms extl s f 1951 Stamped— 7M 6' J&D 65 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue To or Bonds Ask M&S 1961 —.A&O Tolima (Dept of) 7s '47-M&N Trondhjem (City), Norway— 5s of 1912 Extl New f gtd 4 Ms f 2M 3M 1945../ 2M 5 Gold 7s 1943 J&g / "2M 2M 2H 4M 4M (£20 pieces) / £100 and £200 pieces--Treas 6 % notes £20 pieces- / - £100 and £200 pieces- 2M 2M 65 M / / — - Mllan(Italy)ext 6 Ms '52-A&O Minas Geraes (State) Brazil 58 M s 4 Ms extl 4MB *965—££? 1963——F&A 103 M 102 M 102M 104 M Alberta 53 J&D 27 "39 M 24 27 8M 8M 1961—-J&D f '1968^ 7^8 1966—fF&A 8M Bio de Janeiro 8s 1946—A&O Extl s f 6Ms 1953 F&A 6s 1933 Rio Grande f 10 M Sul Do 8M 8M 9M 11M Russian 6Ms June 18 Certificates of 10 64 % 80 60 38 M 109 M 109 M 12 M (Mtge Bk) 6s ser A 47 M&S 6s series B 1947 A&O Salvador 7s 1957 J&J Certificates of deposit— 29 m (Brazil)— Catharina F&A / of— 8% external loan 1936.J&J J&J 7s 1956—.. M&S s f 6s of 1928.1968 J&J Extl 8s 1950 6s 1943 Sec s f 7s 1940 Santa Fe (City) 9 11 4 19 M 13 M 10 9M 1942.M&S A&O A&O Scrip Santander (Dept) Extl sf 7s 1948 43 78 80 65 M 58 64 60 64 % — Colombia -A&O 1952 M&N Extl s f 6Ms 1957-M&N 15 Saxon State Mtge Institution Sink fund 7s 1945 -J&D Sink fund 6Ms 1940—J&D 7M —- 8M 13M 8M 8M 13 % 12 AO/ 9M (King of) 30 M 54M 54 M 53 53 53 53 53 51M _ 58 28 104 m b 2.25 2.50 2.00 1.75 to 2.90 1.75 to 3.00 2.25 2.00 1.75 to 2.75 1.75 to 2.75 2.00 to 2.50 b 3.10 2.60 b 3.25 to 4.00 b 1.75 to % 3.00 % Macon— 4s Pav & Sew '38 to *39-J&J b 1.75 F&A b 2.25 to 2.00 J&J b 2.25 to 3.50 Rome 4s Mun bldg'38-*39 A&O b 1.75 Savannah—4Msref 1943-J&J b 2.50 4Mb Drainage 1944 F&A b 2.50 to 2.25 Marietta 5b WW 1939 Pulaski Co 5s 1938-48 2.00 2.25 2.25 4Mb Refunding 1959—F&A b 3.25 3.10 Woodbury 6s 1938-49 J&D 95 to 2.75 to 3.25 % 100 100 IDAHO 1.50 Cap Bldg 1939 J&J Impt 1938-47 opt '30 Ref 1938-1939 A&O ref 1940-45 A&O Road 1939 opt *27—J&J Boise City 4mb 1951 J&J 4Mb 4mb 4mb 4 Ms 4mb 2.00 1.50 2.25 1.50 3.50 95 11* 67 70 67 70 102 111 110 A&O 1969 M&N 102 104 105 106 90 84 87 79M 81 104 106 102 101 100 100 99 97 99 M 100 100 ILLINOIS 100 105M 107M 103 M 102 M 101M 101M 101 99 100M 101M 101M 4mb Serv Comp *38-'43_Aug 1 4mb Serv Comp *38-'43-Aug 1 4 Ms Serv Comp *38-'44-Aug 1 4s Highway 1938-43 May 1 4s Highway 1945-54 M&S 4s Highway 1955-58M&N 3 Ms Emerg Rel *38-*47 Dec 15 3 Ms Emerg Ref *48-'54 Dec 15 4Mb 1938-1942 J&J 4Mb 1943-1960 J&J Quebec (Province)— 4mb 1950 opt 1945—M&S2 4Mb sf 1961 M&N Quebec City— 5s S F (non-call) 1960-M&N Saskatchewan (Province)— 1943 (non-call)—J&D15 M&N 1945 J&J2 to 1.80 0.40 to 1.75 0.60 to 1.70 1.90 to 2.30 2.35 to 2.40 0.60 to 2.00 2.10 to 2.50 4MS Water 1938-1961 opt 1952 M&S 6 2.00 Champaign County— 5s Road 1938-1943—M&N 6 1.00 to 3.25 „ to 2.25 Chicago— 3s 1941-1944 6 1.75 to 2.50 3s 1945-1948 6 2.60 to 99 m 99 m 3s 1957 opt *39-*40 3s 1957 opt *41-*42 100 3s 1956 3 Ms opt 1945-49 1951 opt 1940 1945 1946 3 Ms 1952 opt 3 Ms 1953 opt 3 Ms 1955 opt 118M 119M 2.85 100 m 100m 101 2.25 2.80 2.90 3.15 1951. 0-75 b 1.50 to 2.60 1945-1948 b 2.75 to 2.85 4s 1949-1950— b 2.90 to 3.00 4s 1940-1944 4s Imp *38-*50-J&J to 1.75 0.40 Bloomington— non 6s Munic 0.40 939 4s If- s 101 101 to 120 to 117 4 Ms — 3s 1957 opt 3s 1957 opt 99 m 99 m 1939 1941-43 100 99 M 3.00 — 2.80 4Ms 1954 opt 1944 Chicago Park District— 3 Ms 1956 opt 1946 4s 1955 opt 1939-44 4s 1955 opt 1940-*44 4s 1955 opt 1945-*47— 4s 1955 opt 1948-*55 Sanitary 100M 99 3s 1957 opt 1945-473 Ms 1955 opt 1946 101m 102 M 1.00 2~ 90 b"2.00 to b 3.00 to 3.05 6 3.10 to 3.25 I % District— 4s 1955 opt 1939 4s 1955 opt 1940-*44——— 6 2.00 6 3.00 4s 1955 opt 1945-'47 1939 1940-*44 1945-*47 1948-'53 Elgin Sanitary Dist— 1.00 to 2.90 to 3.05 I b 3.10 to 6 2.00 to 2.90 6 3.00 to 3.05 6 3.10 to 3.20 6 1.00 to 2.25 % 6 1.25 4s 1955 opt 1948-'54— Cook County— to 3.25 % 3.20 % 1.00 4s 1956 opt 4s 1956 opt 4s 1956 opt 4s 1956 opt - „ _ M&N Evanston S D No 76— 4 Ms June 1 1938-1948 110 220 1954 Board of Education— 5s 1938-1944 102 M 102 M Forest Preserve— 110m 109M 109M 111 104 M 106 ZfM 71M 72 2.00 to 3.00 to 3.10 to 2.50 to 3.50 1938-46-J&J 2.00 to 3.25 Jackson Co 4 Ms 73 m 74 2.00 Lake Co 5s Road *38-*49-F&A River Forest S D No 90 4 Ms 1938-1944 M&S 6 1.75 69 ----- 67 M&S 67 3.05 3.20 I to 3.25 % to 2.75 % 69 64 1.00 2.90 % 1939 ---------1940-*44 4s 1956 opt 1945-*47 4s 1956 opt 1948-*52—_— Granite City 4 Ms 1938-48 J&D 4s 1956 opt 4s 1956 opt 77 M&N15 Toronto 6s 1938-1940— -J&J 5s 1940-1950J&J 5s 1938-1939 J&D 5s 1940-1949 ..J&D 5s 1950-1959 J&D 4Mb 1938-1939 A&O 4Mb 1940-1941 A&O 4 Ms 1942-1945 A&o 66 4Mb 1955 4Mb Mar 32 h 32 % Dougherty Co 5s *38-*48 M&S to 4.25 b 3.00 8* 104M call 1958-M&N 15 103 M 104M f Apr 15,1961 A&Ol 5 103 m 4Mb 1955. M&s 105M 106M 32 North Vancouver 5s *60.-J&J / 29 Nova Scotia (Prov)— Deb 5s 1960 116M M&S 115M » 107 M Deb 4mb Sept 15*52 M&s15 108M Deb 4Mb 1960 110M M&N 15 109 116 Ontario (Prov) 6s *43—M&S15 117M 117 5 Mb 1946 -J&J 116 122 5s 1959 M&N 120 M 4Mb 1944 M&s 111M 112M to 111 102 4mb Jan 15, *39-*47-J&J 15 114 4Mb Jan *15 '48-*67.J&J 15 111M 4Mb 1938 M&N 15 102 M to"H6 4Mb 1939-1970 M&N 15 105 4s 1941 M&N 105 to "107 102 4s May 15,1938-43.M&N 15 109 108 4s May 15,1944-57.M&N 15 109 4s May 15.1958-68.M&N 15 108 Hydro Elec Pow Com— 117 118M 4Mb Jan 1,1970—J&J 2 Ottawa City 5s *38 '45—J&J 100M to 113 5s (Bank of the) 1st 6s 47 F&A / 21 Styria (Provof) 7s 1946—F&A *100 Sydney (City) N S W— 25-yr s f 5Ms 1955 F&A 104 M J&J 5s 1959 (non-call) 31 5 3.75 Road 5s 1949-53 Athens—4MsJune 30 1943— Atlanta—4Ms Jan 1 1940. J&J 5s Water 1939-51 J&J 4mb 1938-1956 J&J Augusta—4Mb Flood*42 M&N Clarke Co 5s 1939-1944—-J&J Columbus—5s 1938-44-.-J&J Cordele 5s W W 1938 J&J Bibb Co 4Ms 1948-49—M&N Crisp Co— Hydro-elec 5s *38-'57-F&A to 5.00 92 M 70 101 1945 4 Ms July 2 Silesian Landowners Assn— Called Feb. 1 at par. A&O J&J b 1.25 to 2.20 2.80 3.10 J&D Swainsboro 6s 1938-50--A&O b 4.00 Valdosta 5s 1939-1942 Jan b 2.00 Ware Co 5s Road 1938-49 J&J 6 2.00 95 Watkins S D 6s 1938-50-M&N A&O 17 Poland— sf 7s 1958 J&D / 56 (Prov) — 89 100 17 19 6s 1947 Serbs Croats & Slov Extl 8s 1962 M&N Extl 7s 1962 ser B— M&N 53 5s July 1, 1938-1956—J&J 4 Ms 1938-1944 J&J _ Sao Paulo Brazil 8s * — 80 12M 12M Extl — Arg Rep extl 7s 1945 4s 1945 stamped Silesia --- 10% 10% 0% 9M 8M 36 M 63 —- —A&O Santa Fe (Prov) 7s 4s Stamped 1942 ■i 16m 22 8s 1947 San Paulo (Brazil) State Extl 15M 27 — 8s ctfs of deposit 1948 Extl 19 M 8 4s scrip 8s 1948 Santa 19 87 85 100 4Ms 4 Ms M 91 84 112M New Brunswick— g 93 87 to 3.50 56 M 53 May. 1954 Jan, 1944 J&J 1938-1939 A&015 1940-1951 A&O 15 4 Ms June 1, 1971 J&D 4s May 1,1944 M&N 3 Ms refdg May, 1939.M&N Metrop Co 4Ms *53t'54&*61 4Ms May 1, 1905 M&N Harbor Commissioners— 9M 94 89 b 2.25 56 M 51M 51M 4Mb 4Ms 4Ms 4Mb 9 91 J&D 4Mb June 15 1950—J&D15 4s Aug 1 1946 F&A15 Spalding Co—5s *39-*49—J&J 55 M J&D Manitoba (Prov) 5s *44.J&D 2 4Mb May 1, 1945 M&N 4Mb Dec 15.1956—J&D 15 Montreal 5s Dec 1, 1945. J&D 5s s f Nov 1, 1956—-M&N 21 105 113 55 M 53 A&O J&J 15 4s Elec L & P1941 Lachlne P Q 5s 1954 29 H 17 111 Hamilton— 19 f 6s 1953 lllM 99 95 93 Halifax N S 4s July. 5s Jan. 1951 11 10M 9M 1919— -J&J s 103 99 5s Nov 1, 5M% ext loan Dec 1921— Certificates of deposit — Saarbrucken (City) Germany Extl (Prov of)— 5ssf 1955 & 1960 70M deposit— 101 *48—J&J 15 A&O 25 4Mb 1938-1946 J&D 29 4mb 1947-1956 J&D 29 4 Mb s f deb Jan 23 *69 J&J23 Calgary 5s July 1,1945—J&J Edmonton (C) 5s '45&'50A&0 / 11M 8M / / / Rumania (Monopolies) Institute 7s 1959—-—F&A A&O M&N Brit Col (Prov) 5s 5s Apr 25, 1954 10 (State) 1946—A&O 7s extl s f 1966 M&N Extl s f 7s 1967J&D Extl s f 6s 1968-——J&D Rome extl s f 6 Ms 1952—A&O Brazil ext s f 8s M&N * 10 M 9 107M 111M 110M 112M 112M p 20 M f / 96M 107 M f 97 M / «Ms 1959 8Z* 87 109 M 107 M 51M 4Mb Jan 15.1957 J&J 4Ms July 16. 1958—.J&J / 51M 51M 4Mb Apr 1, 1961-—-A&O 4 Ms June 1. 1967 51M J&D 50 Debenture 4s 1954 J&D 10 19M 108M 101M 100M 107 M&S Gold 5s 1959 100 M 109 % 1944.A&O 4Mb Jan 15, 1942 Deb 4 Ms 1956 98 M . 96 19M ^952^!."s.I:::^-.aso y 108 M 100M 101M 100M 97 M 86 M 96 M 100 M 102 M 5Ms 1947——J&J Gold 5 Ms 1952 A&O Gold 5s 1948 J&J 5s 1950— A&O 15 103 M 36 / / 98 Gold 40 M M&N / Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 56 m __ -J&J J&D F&A J&D ---.M&S Refunding 5s 1943 5s May 1952 102 M 102 6M8seriesO&D6Ms 48-49/ 94 6 Ms series A & B 1946-47-- / 94 8M Parana (State) Brazil /« 1958. / Pernambuco (State of) Brazil 8M Extl s f 7s 1947 -M&S / Peru sec s f 7s 1959—-—M&S / 11 9 M Nat Loan extl 6s 1960.J&D / 9M Extl s f 6s 1961 A&O / Poland (Rep of) 6s 1940.A&O f 63 Stab'n 1 s f 7s 1947. A&O 15 / 78 Extl s f 8s 1950-.-—-J&J / 58 Dollar funding 3s 1956. A&O / 36 M Coupons 1935-1937 / 37 m Porto Alegre (City) Brazil— ... 4 Ms 5s Nov 15 1941 21 (City) 6 Ms 1952—— / 24 Sinking fund 8s 21 55 M&S 15-yr 4 Ms 1940 22 18 18 Oldenburg (Free State) 7s 1945 Oriental Devel—See Jap Govt Oslo s f extl 4Ms 1955-—A&O Stamped 5% scrip Panama (National Bank)— 106 M Refunding Norway Municipalities Bank Guar s f 5s 1970—- — -J&D Nuremburg extl 6s 1952-F&A Panama (Rep)ext5Ms Extl s f 5s 1963.. 18 20-yr 3s 1955 3s perpetual 3s Jan 15 1967 J&J 25-yr 3Ms 1961 opt *56 J&J 15-yr 3 Ms. 1949 A&O 20 yr 4s 1952 A&O 30-yr4s I960A&O 106 % 105 103 M 102 h sk fd 1956—M&S 1% notes 1941 2 Ms Jan 15 1944 8-yr 2 Ms 1943 10-yr 2Ms 1945 104 106 % 104 % 1944—F&A f 6s Dominion of Canada— 102 M 106 M A&O 1943——F&A Sf5Msl950 7 17 (American Dollar Quotations) 103 86 86 83 80 103 A&O 4Mb ref 1938-1945 Albany—5s 1945— Appling County— 24 „ 58 Dr Board 94 85 GEORGIA 60 21M 90 60 CANADA 103 M "98"" 91 87 24 58 102 M 102 M 108m 95 88 M&N 59 Wurtemberg 7s to 1945-M&N Yokohama extl 6s 1961 —J&D F&A / 18M External IVi 1958.-F&A 5s 1941 44 To Net 100m J&J 5s Jan 15 1970 J&J14 4Mb 1942 and 1967—-F&A Verdun deb 5s 1954... Winnipeg, Man 5s '44 95 M Bk) 8s 1941 m / / 107 J&J 5s 1940 & 1941 var 5s 1945 & 1946 var 5s 1950 & 1951 var— 4 Ms non-call 1944 4 Ms June 1 1946 57 56 Met Wat Serv & 49 m 50 1984.-J&J 6s 1936.— 100 New South Wales (Australia)5s extl s f 1957———F&A Extl s f 5s 1958-- —-A&O 91.41 51 % 48 m 1937-1979—M&S Warsaw (Land , Munich Bank— Hessen 7s to 1945 Panama or Westphalia (Prov Bk) 6s 1933 el* 55 5s funding 1956 Second 5s 1956 Nov '32-May '35 coupons— Nov '35-May '37 coupons.. 86.80 S f 7s 1952 ser A A&O Vienna (C) extl 6s *52—M&N 9M " Mtge Bank of JugoslaviaSecured s f 7s 1957 A&O Sk fd extl 4s 6 66 M 60 / Mtge Bank of Denmark— Exch s f 5s 1972 ser IX J&D Norway ext 6s bonds Ask him A&O July 1 1948 3 Ms July 1 1944-45 Vancouver. B O 5Ms "39-A&0 5Ms 1952 F&A Venetian Prov Mtge Bank—- Warsaw (City) 7s 1958- —M&S, Extl 6 Ms Extl 6 Ms 1959 ser A--M&S Montevideo (City) 7s 52 _J&D Extl s f 6s 1959 ser A.M&N 4s £ 8m 103 m 3M-4-4M % extl readj s f 6 8 / 4Ms 1946-1961 54 m 7m p - 3 Ms extl re-adj '23 ext to '33 45 Uruguay 8s ext 1946—-F&A / 49 m Extl s f 6s 1960 M&N / 49 m Extl s f 6s 1964 M&N / 49 3% or Bid Bonds Net 53 M 1952 f 5Ms Extl s f 5 Ms 1957—M&N tUnion of Soviet Soc Republics 3 58 assented 1945-------- / 4s of 1904-19544s assented 1954——J&D/ s Ask Toronto (Concl.) Tokyo (City of) 5s of 1912— Stamped assented Extl 4s of 1910 Bid Bonds South Wales Mexican Irrigation s To or Net Foreign Govts, and Cities (Concl.) Metrop Water Serv—See Yield Basis Yield Basis Yield Basis Bid 93 BONDS MUNICIPAL AND STATE feb., 1938] 15 1960 4s Nov 15 1957 INDIANA 102 109 102 M 109 Elkhart 4Mb 114 Fort Wayne— to 4.00 4Mb 1938 to 1941 A&O 1942 to 1946 A&O 6 2.10 1947 to 1957——a&oi6 2.75 107 108 of pure gold. 6 Basis. %25 ^ 6 1.50 102 X Quotations per 100 gold rouble bond, equivalent to 77.4234 grams WW *38-75 A&O 6 2.00 Exansville 4s ref 1942..—J&J / Flat price, k Last sale, to 1.90 to 2.60 to 3.25 n Nominal. 94 STATE AND MUNICIPAL Yield Basis Yield BasU To or Bid Bonds Ask b 1.75 % 58 series K 2J00 1.75 2.50 to 2.75 . to 3.00 I50 J&J Indianapolis S D— 4s Blag Sept 1 1946—J&J 3 >tjs July I 1941— J&J 5s Oct 20 1938-39—A&O 1.50 2.00 1.00 1942—M&N Davenport Indep Sch Dist— 4Ms 1939-1940— M&N 6 Clinton Co 2 Ms 2.75 1.50 to 3.00 less 1 1.25 to 1.40 to 3.50 J&D b 6s Gen Obllg 1938-40..J&J Des Moines Ind S D— 0.75 1.00 2.40 2.25 2.35 M&S lW5-——M&S to 1.60 to 1.75 to 1.50 lesslM 4Mb 1939 J&J 4Mb 1940-49 J&J 4Mb 1950-59 J&J 4Ms 196067 J&J 4Mb 1938-1977 A&O 4s Floating debt 1948.A&0 4s Constitutional 1942.J&J 4s Public Impt 1950 opt 1942 (old issue) J&J 4s Pub Impt'42 opt '28 J&J 4Ms serial 1938-1940 lesslM lesslM '39.A&0 1.25 less 1 Lee Co Prim Road 2Ms.l948 2.30 1.00 less 1 Lyon Co 2Mb May 1 1938-47- to 2.25 % Marshalltown Ind S D—... City Hall 1938-39.M&N b 1.00 5s Marshal ltown— 1.00 2.25 1.00 4Ms Water 1938-42...A&0 6 4 Ms Water 1943-*44. A&O b Sac Co 2Mb May 11938-47— b Sioux City 6s '38-*45-F&A15 6 6s Kef Aug 15 1940—F&A15 b 4Mb Sewer 1938-47-M&N b 2Mb 1938-1956 J&J 6 Sioux City S D 5s 1941— J&J b Woodb'y Co Fund 2Ms'42-*46 b 1.00 1.50 1.00 0.90 1.50 1.60 to 1.25 to 1.80 to 2.35 to 2.21 to 2.7£ less A to 2.30 less 1 to 2.20 _ 1.00 4Mb 1939 b Kansas City 5s 1942 F&A b 4Mb Wat & Light 1944.J&J b 4Mb Wat Plant Pur *39. J&J 6 4Mb Imp July 18 '49—J&J 2.00 2.25 1.00 2.65 0.75 1.75 2.00 0.75 2.50 Board of Education— 0.75 0.75 0.75 1938-*54J&J to 2.60 0.75 2.60 2.50 2.00 2.50 4MB 1938-1953—F&A 4Mb 1938-1953 J&J to 2.60 to 2.65 to 2.65 4Mb Water 1939-1947.J&J Leavenworth Co 5s 1945 McPherson 4Mb 1945 Reno Co 5s 1941 1.75 m 2.10 „ 0.75 Bridge Revenue Refunding— Project No 1 July 1 *50 J&J 0.75 to 1.00 > 1.50 to 2.30 102 193-5 101M 102 M 102 M 102 M 102 M Project No 10 July 1 *50 J&J Project No. 11, 1952 Project No 12.1947— 102 103 102 M 102 M Project No 13 1953 101 - 101M 101M 102 M Project No 14 1945 Ashland— 4MB S I *42, *47 & '52M&S b 3.95 Bowling Green—5s 1955.J&J b 3.90 103 103 M 103 6a W W Jan 15*39-*6l J&J15 b 3.60 4Mb Fdg 1938-48 F&A 6 3.60 4Mb 1938-1950 A&O 6 3.60 4MB WW 1939-51 J&J 4s Fdg 1952 opt '42..F&A 6 360 6 3.50 4Mb School Jan 1 1939-69— 6 3.50 Henderson County— 4Mb R&B Oct l'38-*56 A&O 6 4.20 Lexington—4s 1945 F&A 6 2.90 6s SD 1938 J&D 6 2.25 Louisville—5s Sch 1962.. A&O b 3.00 4Mb Hospital 1951...M&S 6 2.60 4Mb Ref 1965 ....J&D 6 3.00 4Mb Jan 1 1970 -F&J 6 3.00 4Mb Sewer 1969 J&A 6 3.00 4b Sewer 1947 F&A 6 2.35 4b Lou W Co 2.50 1950.F&A 4s Sewer 1965— F&A 6 2.90 4s Jan 1 1970— J&J 6 2.90 3 Ms Ref 1943 J&J 6 2.00 3s Sew & Park 1941.—J&J 6 1.50 Owensboro—5b Sewer.. J&D 6 4.00 107 M 101M 102 102 6 1.50 6 3.10 6 3.90 6 4.10 6 2.00 1 s „ 104 4.00 96 103 102 to 102 Brockton— 4s 1938-1947 tax-ex 1053 1053 1053 1053 4s Oct 1 1946-1949 1938-1970—A&O 6 4.10 Warren Co—4Mb *39-*59 J&J 6 4.00 W July 1938-1939 J&J 4s July 1952-1958-w—J&J 4s Funding 1938 4s Funding 1948— 3 30 3.30 4.00 2.75 1.00 2.60 2.20 2.40 2.80 A&O 6 0.75 6 0.90 1940-1952 June & Aug 15 Annapolis 4Ms W W *42.A&O 6 2.60 2.80 1.80 Baltimore— 5s 1938-1961 3.75 4 00 3.80 to 3.10 % 6 "2.75 ""2". 50 % 6 3.10 5s series F Mar 15 1943 State Pension 5s Dec 31 1938 3.10 3.00 % 1.50 * Less 1M on bid side. to 2.25 Lynn— to 2.00 6 0.75 to 3.20 6 0.50 to 2.00 /s *38-'39(tax-exempt) M&N 0.60 to 1.10 4s 1940-51 (tax-ex) M&N Maiden 4s *38-'44(tax-ex) F&A 1.20 0.90 to 2.75 Medford— 3 Ma 1938-1942 tax-ex.M&N 6 0.75 Needham— 4Mb 1938-*43 (tax-ex).A&O 6 0.50 107M 2.75 % to 2.50 to 1.50 to to 1.90 I New Bedford— 4s Sewer 1938-1941 0.50 Salem 4s J< Jan 1 '39 *54 tax-ex. Somerville— 4s July 1 1948-50.. J&J b 2.60 to 2.60 % to 2.80 % Warren Water '/« 3.00 % 2.75 to 2.00 % 2.50 % 0.75 % 2.50 % 2.40 % ^^^Ajw 1 '38-'46- b '" % to 3.50 % to 3.00 % to 0.90 % to 1.20 to 1.20 to 2.10 to 2.10 1 % to 2.10 % to 2.50 % \ to 1.90 0.40 to 1.75 1.60 to less M iess M less M less M iess M less M 1.50 less M 1.50 2.00 W W ref 4 Ms 1938-1948 J&J to 2.25 3 Mb 1944-1946 4Mb Sewer 1938-40—M&N 6 1.50 Battle Creek S D— 4Mb 1938-1949 F&A 6 1.50 Bay City— 5Ms w w 1938-1951—M&S 6 1.50 to 2.80 to 2.70 to 2.90 to 2.90 2.10 to 2.00 to 2.50 to 3.25 Dearborn 4Mb Sewer '46-'51-'56.A&0 6 3.40 3.80 to Detroit— General 3 Mb callable 4s 85 88 ... 89 90 (Long) 93 95 4.75% Q4 *64.80 non-callable 6*3.75 ■ to 0.90 to Battle Creek— Water 4s J&D M&N / Flat price. to 2.70 Ann Arbor— to 3.50 to 3.00 6 Basis. 1.75 to ' 4sHighway Impt 1942..A&O 5s M&S to 1.60 to 2.10 Foreign Govts page 93 MICHIGAN 5Ms July 15 1941 J&J 15 6 1.40 oMs Oct 15 1941 A&O 15 6 1.35 5Ms Highway 1941 J&D 6 1.35 5s Highway 1940 J&D 6 1.20 1.70 4Mb Highway 1943 F&A 2.00 Highway Impt 1944 A&O to 2.10 3 Ms March 1945 to 2.00 See 4Mb 4Mb 4s Regis'd stk 1946-57 M&N 6 2.25 4s 1938-1944 A&O 6 0.50 4s 1956-1965 M&S 6 2.70 4s 1972-1975 M&S 3 Ms Impt 1940 J&J % to 2.30 % to 1.25 % District— 4Mb 1938-1953 —F&A 6 0.50 Wellesley (Town) 4s Mar 1 1938-1946...M&S b 0.40 Winchester 4s 1939-1943 A&O b 0.75 Worcester to 1.50 % to 1.90 Springfield— 3.75 % to 2.00 to 1.90 % 2.00 % to 2.75 to 2.00 (tax 1938-44 (tax-ex) F&A 6 0.40 Walthara 3 Ms 1938-45.-F&A b 0.50 4s 1938-1960 F&A 6 0.60 1Mb 1938-1947 F&A b 0.40 to 2.00 % to 2.20 exempt) M&N 6 0.75 Pittsfield— 4s Dec 15 1938-1944—J&D 6 0.75 2s Dec 1 1938-1955 J&D 6 0.75 Quincy 3Ms 1938 to *39. .A&O 6 0.50 4s to to 3.10 6 0.75 to 2.90 to 3.00 4s Mar 1. 1961 M&S 4s School 1938-1939—M&N 6 0.50 4s 1945-1971— M&S 6 2.10 5s series A, B & 01940-1943 6 2.75 5s series A Mar 1 1943..... to 2.20 A&O 6 2.00 to 1.85 4Mb Mar 1, 1938-'55-M&S 6 0.50 4s Aug 1, 1951 F&A 1.30 A&O b 0.75 School 4 Ms 1938-41.—J&D 6 0.80 to 3.40 to to 3.00 6 0.50 A&O 6 0.50 5s Gen Imp 1943-45— .M&S 6 2.00 5s Water 1961 A&O 5s registered 1946 M&S Highway— J&D J&D to 3.00 Lowell— 3.25 2.50 2.90 2.90 2.90 Short Term Bonds- 1M on bid side, 6 1.25 MARYLAND 4Mb Rd & Bdge '38-'40J&D15 6 0.50 4 Ms 1938-1942 J&D15 6 0.50 4 Ms 1938-1942 J&J 6 0.50 3s ctfs of indebt '38-'50— A&O 6 0.50 2Msc.tfs of indebt, 1.75 2.90 4s Annex 1954 4s Parks 1955.— 11942... 6 1.00 Saco 4s April 1939 A&O 6 2.50 South Portland Sewer Dist— 4s 1938-1950 M&N 61.00 Waterville 4Mb 1940-50— 2.50 Westbrook 4Mb 1938-48. 1.00 LOUISIANA 4Mb series E May M&N to 3.30 - 4Mb 1938-1941 M&S 4s 1938-55 (tax-ex) M&N Franklin (Town) 4Mb 1938-44 M&N Holyoke— 4Mb 1938-'50 (tax-ex) F&A to 3.55 MAINE to 1.75 3Mb May 1 '45 (reg).M&N 3s Bridge 1941 F&A Chelsea 4s 1958 ..M&S Everett 4s 1941-1956 J&J 6 2.00 Fall River— 4s 105 M 6 1.30 Cambridge— to 3.70 1.00 J&J 2Mb Sept 1 1938-1956.M&S 6 1.00 to 3.00 2Mb 1938-1955. J&D 6 1.10 to 3.00 Metropolitan District— 2 Ms ser A 1938^58__M&S 6 0.50 to 2.75 2 Mb ser B 1939-62. J&J 6 0.75 to 2.80 2Mb Dec 15 1938-1960... 6 0.50 to 2.75 2Ms Oct 1 1938-62 A& 6 0.50 to 2.80 Bralntree—4s 1938-1941 ..J&J 6 0.75 to 1.90 4.00 4s O H '38-*45 tax ex. .A&O 6 0.75 Portland Bridge Dist (taxable) 3 Ms July 1.1938 to 1939— 6 0.75 Portland Water District— 3.45 3.45 3.45 3.45 _ - 1948.J&D A&O 48 Sub 1958 tax-ex. J&J 4s Tun & Sub'59 tax-ex. J&J 3 Ms 1938-1951 M&S 6 1.25 3 Ms June 1 1943 J&D 3 Ms June 1 1944 J&D 3 Ms July 1 1945 J&J 6 0.75 3s April 1 1938-1957 6 0.75 2M April 1 1938-1957 Portland— 3.85 3.80 1938-1939(tax-ex-) 4s Tunnel & Sub 95 4Mb Non-callable 1952 J&D 2.00 to , . 104M 1.20 tol".75 4s Sub 1957 tax-ex 108 102 to 2.40 to . - 103 M 102 M 6 1.00 to 2.00 6 2.00 to 3.75 4s 101M 102 M Pub Wks Feb 151938-41.. 4s 103 M 6 2.80 to 1.90 4Mb Septl 1981 M&S 4 Ms Tun 1960 tax-ex. A&O 4Mb Dec 1976 J&D to 4.20 94 M&S 48 1938-1945 (tax ex) .M&N 6 0.60 104 M 107M .J&J Boston— 103 103 to 2.50 to 3.90 to 3.80 103 M 2.40 to 2.40 Arlington 4s'38-'42(tax ex) J&J 6"0.60 Beverley— 108 92 101 104 104 4Mst 1938-1945 Paducah— Less 105 M 107 108 M Kennebec Water District— 4s Ref May 1, 1950-M&N 6 3.00 Old Town Water District— Covington— * 109 J&J J&J J&J A&O „ 3.60 to — 107 M 108 108 4Mb May 2,1938-67.M&N2 3.50 3s gold July 1 1939 J&J 3s gold Water Jan 1 1941 -J&J 2Mb Dec 1 1938-1947. -J&D 6 0.50 6 0.50 2Ms reg July 1 1938-67 1Mb Pub Wks. -Septl 5'38-'40 6 0.50 107 106 M 107 107 M Augusta— 4s Oct 15 1938-1955 0.75 4s Wat Wks Sept 1 1938-40 6 075 Bath 48 Ref 1941 tax-ex. J&D 6 2.50 Belfast 4Ms Ref '38-'50 M&N 6 4.00 Brewer High Sch DIstr— 102 M Project No 2 July 1 '50 J&J Project No 3 July 1 *50 J&J Project No 9 July 1955 J&J Project No 8 July 11945— State 3 Ms Water 1942 3 Ms gold July 1944 4s State Pier 1938-1942..M&S 6 0.75 to 1.75 % 3 Ms 1938-1939 0.75 to 1.00 % M&S 3 Ms 1940-1951.... 1.75 to 2.40 % M&S 28 Improve'mt 1938-56 —A&O 6 0.75 to 2.25 % Auburn— 4s 1938-1940 tax-ex....J&J 6 0.75 to 2.00 % to 1.80 » KENTUCKY w 105M 105 M 104 M 106 3.70 % 104 6 3.60 104 5s H way & Bdge *38-'54.A&0 6 0.75 4s Sept 1, 1938-1953 M&S 6 0.75 4s Highw & Bdge *38-'39 M&N 0.75 4s Highw & Bdge '40-44 M&N 1.50 2.40 2.50 0.75 to 2.30 0.75 to 2.50 to 102 104 Tensas Basin Levee District— 5s Jan 1957 J&J 2.35 1.50 2.25 1945 Sedgwick Co 4Mb 1940... Shawnee Co 4Mb 1944 Topeka 4Mb 1948 Topeka S D 4Mb Mar 1 *38-*46 Wichita 4Mb 1938-46—J&D Wyandotte County— 4Mb Bridge *38 to *41 -F&A 4Mb 1939 J&J 4Mb 1940-1945 J&J 2.30 to 1.75 6 2.00 4s 1938-52 (tax-exempt) _ .Var 6 0.50 4s Water registd 1938-58-J&J 6 0.50 3 Ms 1956 ref (tax-exem)-J&J 5s Dec 1, 1938-1969—J&D 6 2.00 1.00 4Mb W W & Sew *38-'54J&J 2.50 to 3.50 MASSACHUSETTS , Shreveport— Leavenworth— to 3.60 6 1.00 6 3.70 5s 1969 Orleans Parish Sch Board— "s 1938-1944 J&D 6 2.00 to 3.50 is 1945-1967. 3.90 .J&D 6 4.00 Plaquemine Parish E Bank— 58 Oct 1952 102 ...A&O 100M Pentchartrain District— 6s 1944.— 108 106 .M&N 5s July 1968 108 106 ..—J&J Red River A & B B District— 5s 1950 Series B 106 108 A&O 5s Mar 1953 opt 1943.M&S 106 104 5s 1965 Series D 116 109 F&A 2.40 0.75 6 1.25 3.60 % 106 ♦4Mb Sept 1.1938-'68.M&S to 2.40 Hutchinson— 4MB 3.50 Orleans District— % 5s July 1938-1939 5s July 1940-1949 5s July 1950-1959 *4 Ms 1938-1961 Soldiers* Compensation Bonds 4MB, 1938-1952 J&J 6 0.60 4s. 1953-1954 J&J b 2.50 Crawford Co 4M* 1639 1.00 Saline Co 4Mb 4Ms serial 1940-1980... 3Ms July 11953-1968... 4s July 11940-1952 4s Mar. 1 1942-1964—M&S KANSAS Sch Dist 4Mb I03^& Orleans Levee District— 1 to 2.50 2.50 2.85 2.20 103 5s 1951 opt 1941 J&J Fifth District Levee— 5s 1950 opt 1940 J&J 5s 1952 opt 1942 J&J 5s Oct 15. 1962 op '52.A&0 5s Oct 15,1963 A&O 15 5s 1957-1967 A&O 15 5s 1959-1969 F&A 15 5s 1972 Lafourche Basin Levee— 5s Jan 1954 opt 1944...J&J 5s 1956-1970 ...A&O Lake Borgne Dist Levee— , 5s Dec 1952 opt 1942—J&D New Orleans— 5s Pub Belt RR *39-'49_J&J 5s Pub Belt 1950-59—.J&D % to 1.25 4Mb 1940-1941— M&N 6 1.40 Des Moines 5s 1938-57—J&J 6 1.00 Fort Dodge 5s Fund 3.60 98 103 103 M 104 M to 3.00 Ash - 107 M to 1.75 Bid Cumber'd 4Mb W W '41 A&O Hagerstown— 5s Water 1938-1987 .A&O 4 Ms 1938-1987 A&O Montgomery Co— 4MB 1939-1968 M&N Washington Sub San Dist— 3 Ms Wat & Sewer '87.M&N 4 Ms Sewer g 1973 -J&J 2.25 Caddo District Levee— lar 1938-1942 Js Rapids 4Ms'49-'53M&N 6 J&D 6 4sSept 1 102 M 100 M State Pehsion 5s June 1,1948. 6 3.60 Capital Bldg 4Mb Aug 15, '52 6 3.60 Bonds Baltimore—(Cont.) 3 Ms Refunding 1952 J&J 3 Ms Sewage Impt '80.A&O 3.50 2.05 IOWA 4Mb Sept 1 1945 97 M 102 M or Net 3.50 2.50 So Bend 4*4* W W '43.M&N 5 Ms 1941 M&S South Bend School City— 4Mb Impt 1939-1948.F&A 1938-42 July 1,1947-49— Atchafalaya Levee Dist— 5s Sept 1938-1972 M&S 105 M 104 5s Dist ref & imp 1949.M&S Baton Rouge—-5s *38-'54 M&S 6 3.70 50 Bossier Dist Levee 5s '54.A&O 104 M . 4Mb W W 6 3.70 3 Ms series R 1941-60—J&J 3 Ms series Q 1941-60—J&J 4s ser S 1941-1957— —J&J 3 Ms series S 1958-1960.J&J to 3.50 1.50 '39-*47-J&J 4s Fire Dep J'ne 1 *41-J&J 4Mb Sch JTne 15*40 J&D15 4hs 1939-1955. -J&J b 1.50 1942-1950—J&J30 5 Ks Track Elev 3Ms City Hall 1939 Ask 4Mb series D & E 1944-55- 6 3.70 5s series F Mar 15,1945-48. 6 3.60 .75 (City)— 4s O H Bid State Highway— to 2.50 Gary Sch City 4Ms Oct 1943. Indianapolis— Yield BasU To or Bonds Net Long Term Bonds- Fort Wayne School DIst— 5a Oct 1 1938-1943 Hammon BONDS possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as 4Mb 4Mb Refunding Water series D— 3 Ms Oct 1 1951-1961..— 3 Ms Oct 1 1938-1950 3Ms Oct 1 1948-1950 4s July 1 1938-1947-..— Street railway 4Mb Refunding 3 Ms f57-'62 J&D Refunding 4s *38-'56..J&D General & Street Railway— 3Mb Oct 1938-59 — 3.80 3.85 97 61.00% 6*3.65 6Par to 6 99 to *64.70 6 2.00 6 2.00 General 3a Oct 1 1959-62... 6 4.60 91 3.65% lesslM lesslM 100 101 3.60 3.15 4.25 4.40 to 4. to to 4.60 less 2 Water 2Mb Oct 1 1938-62.. 6 1.00 to 3.50 Refunding 2Mb 1951-63 J&J *64.60 4.40% Refunding 3 Ms 1939-50 J&J 6 2.00 to 4.50 possible for the closing day of the month preceding the date of issue securities are as near as Quotations for all 2.00 2.00 2.00 b 2.00 49*s Mar 1 1938-1939 Grand Rapids— to 3.80 5s 1941-1945..-M&S b 2.10 Dist— to 2.00 to 2.75 M&S b 1.50 Highland Park— 49*s April 15 1957 b 3.50 59*s May 1 1941 49*s School Nov 1 1954 Jackson 4 t*s 1938-47—A&016 b 2.00 49*s July 15 1955 Jackson Union S D— Pontiac— Refund 4-4 ^ , 49*a 1938-1945 M&N Lansing— 49*s 1938-1946— J&D Muskegon 4 9*s 1939-44--J&J Muskegon S D 5s 1942 July b 1.00 b 1.50 b 2.50 1940 --.-J&J 6 Various May 9 38 72 4 9*s Jan & July 1942—J&J 4 9*8 1938-1955 -.A&O 4 9*s Virport 1938-54.-A&O 4s Airport 1938-1971— M&S 33/*s 1938-1974 -J&J 39*s 1939-1974 F&A 6 39*s 1939-1955 A&O 6 3s 1954-1975 -M&S 6 less 1 2.30 3.25 % to 3.50 3.80 4 9*s 4 9*s 3.40 % to less 1 2.50 less 1 Saginaw—49*s 1938-49—F&A b 49*s Sewer 1938-51—-J&D b 1.00 to 3.00 St 1.00 to 3.00 St 6 1.50 6 1.50 to 2.50 Covert roads—— —- Voted bonds 310 49*8 Public bldg Louis 49*s Dec 1 1939 J&D b 1.50 2Mtrunkh*way'47-51--M&N 6f2.15 1.86BRuralOreaitctfsl941 999* 100 2s Rural Credit ctfs 1942 Duluth— 4s less 1 less 1 39*s to 2.20 % 100 3s School 1940-54 3s Refunding 1952 29*8 to 2.40 to 2.25 Duluth Ind School Dist— 5Hs 1938-1940 A&O Hennepin County— 6s Bridge 1938-40 M&N 59*« Bridge 1P3840—M&N 4J4s Sanitorium *38-'42 J&J 49*s Hospital '38-'41-M&N Minneapolis— 6s 1940, 1943. 1945.1946, 1947, *48. *49. '50—-J&D 494s Apr 1938-1952—A&O 494s 1938-1940 A&O 4s improvement 1942-J&D 4s 1944 A&O 394s 1938-1941 M&N 2.60s 1939-1966 A&O 29*s 1938-1947 M&S 29*s 1940-1967 M&S 2.30s 1938-1947 M&S 220s 1942-1959 J&O 2s 1938-1946 A&O 1.90s Oct 1 1938-46—-A&O Ramsey County— 294s 1938-1947 F&A 494s 1938-1950 F&A 49*8 Rd & Bdge *38-'44M&N 494s Rd & Bdge *38-'43 J&D b 0.75 to 2.40 b 0.50 b 0.50 b 0.50 b 0.50 6s school July 1 1951-—J&J 494s W W 1938-42 A&O 6e School July 1 1951—J&J 6s Geu'l impt 1939 52--J&J 49*8 Sewer July 1 '43--J&J 494s 1939-1959 J&J 4s 1938-1961 A&O 2.60s 1938-1957 J&D H'way notes sub-series E— A&O 1938-1943—A&O to 6 0.75 to 2.30 to 2.35 to 2.35 6 0.75 to 2.30 6 0.75 6 0.75 6 1.60 to 2.50 6 2.40 to 2.60 6 1.75 4s to 2.10 6 2.20 to 2.50 to 2.60 6 0.75 to 2.40 6 0.75 to 2.30 6 0.75 1.00 M&N 6 0.75 to 2.85 6 0.75 to 2.85 to 6 1.25 to 2.10 % to 2.60 3.40 % % 1.25 1.06 less less to to 3.20 to 3.25 to 3.15 % to 4 to 3.15 to to 3.50 _ to 2.90 6 1.50 to 3.25 to 1.75 to 1.50 6 2.15 to 2.30 1.20 to M&S ——M&S 2.10 Lodi—5s 1939-1947 bonds— Series A July 1938—— 0.50 Series D July 1940— series E Jan 1941—— 1.00 1939 1.20 Bonds— s s s 1.00 series O July 1939 series D Jan 1940—— series E July 1940 series F Jan 1941 series G July 1941 1.15 1.15 1.20 1.20 1.40 4s series H July 1942..—— 4s series I July 1943—-— 4 9*8 series A of '27 July 1944 4s ser 1.60 1.80 2.30 B of '27 July 1950— Highway Extension— 4 9*s D of *20 Jan *54 opt sE of *20 July '54 opt s F of *20 Jan *55 opt s A of '24 Jan '55 opt sB of *24 July *55 opt 4 9*s O of '24 July '66 opt to 2.40 to 0.90 M&S 1.60 to 2.00 M&S 1.60 to 2.05 1.60 to 2.00 2.00 to 2.30 2.10 to 2.25 - 39*8 1948-1952 1.20 to 49*s 1939-1950 J&J 494s 1938-1950 J&J15 49*s 1949 J&D 49*s Road 1939-1952--J&J 49*s Court h'se *39-'52 J&J Joplin (School District)— 6 49*s 1943-1948— 6 Basis, t Less 1 on bid side. 0.75 to 3.10 0.75 Institutional to 3 0.75 0.75 2.40 to 3.00 3.15 % to 2.80 *39 *40 '40 *40 *41 % / Flat price, n 39*s ser A July 1938-19664 9*s series B July 1938-07— 48 series C April 1938-69— 29*8 series D May 1938-70Emergency Relief— 39*s Jan 1939-1941 5s May 1938 to 1941 4 9*a Nov 1938 to 1941 39*s Mar 1938 to 1942 Nominal. 1.20 6 0.50 to 2.75 6 0.75 to 2.70 Construction— 39*8 May 1938 to 1942 294 Jan 1939 to 1943 Ed Aid 49*s ser A Jan 1939-42 to3.15(% 1.00 1.00 1.15 1.15 1.15 *39 49*8ser B of'30 July '38-'67 3 9*8 ser O of '30 Nov '38-'69 1.90 0.75 49*s Road 1938-1942 2.10 to 2.25 3s Road 1963-1957 J&D 0.60 to 1.20 3s Building 1939-1941 J&J 1.00 to 1.65 3s State Bldg 1940-44—-F&A Buchanan County— Ret 3s 1943-1956 -J&J 6 2.00 to 2.75 Jackson County— 0.75 to 3.00 4s 1938-1951 J&J .50 98 1.25 3.75 101 to 3.15 88 88 1.25 to 2.60 % to 3.10 2.25 to 4.10 2.00 to % % 3.50 °.00 b 3.50 J&J 39*s April 1941 3.50 3.50 3.50 to 2.00 Long Branch 5s 1943 M&N Lyndhurst 3-5s 1938-57—J&J Maple wood (Township)— 4s 1938-1967 Mercer County— 6 3.75 1.50 3.00 49*s Water 1938-70.J&D15 49*8 Sch impt *38-'52.J&D 59*s 1938-1970 J&D „ 1.15 s to 3.10 to 4.75 % to 3.75 % % to 3.40 to 2.65 3?80 to 3.65 % b 4.00 b 2.25 b 2.25 to 4.50 b 2.25 to 4.20 Kearney— to 1.70 1.15 3.50 3.50 to3.10 1.00 b F&A M&S 1.20 2.00 0.30 7g to 1.90 % to 2.00 % to Series B July s 4s to 2.70 6 1.15 to 2.20 series O Jan 1940---— 8 Road 1944-1948 A&O 4s Nov 1 1948-1952——M&N 494s 1943-1946 4s 1943-1947 to 4.00 59*s 1942-1953. A&O 5s 1938-1969 A&O 49*s School 1938-58—.J&D 49*s School 1945 J&J 49*s Water 1961 A&O 49*s 1938-1967 J&D 4s Refunding 1949 F&A 4s July 1 1938-1953 Gen ref 39*s '38-'54—F&A 39*s. 1938-1956 J&D Keansburg 59*s 1938-59.M&N 0.80 0.75 0.80 0.85 s 0.60 to 3.60 1.75 49*sl938-1978 M&N15 b 1.25 4s g Park 1954 & '59 .M&N *" ' Hunterdon County— 49*s Road & bldg *39-'46J& J b 1.25 Irvington 5s School 1963.J&D -----49*s 1938-1959 J&D b 1.50 s A&O 494s 1938 & 1939 1.50 1939-1942-J&J 3.50 3.75 1948-1950—M&S > Hoboken—ihs 1940 J&J 5s School 1939-1954...J&J Hudson County— to 2.25 Soldiers Bonus 5s July 1941— Road to 3.65 NEW JERSEY MISSOURI 494s 1.75 F&A s 2.25 • - 3.50 3,75 to 3.50 9*8 Bldg& Rd '38 -'45 J& D 20 4.00 6 3.75 to 3.25 1.75 1.25 .A&O 6 1.50 6s 1938-1954 3s 1938-1966 4.00 6 4.25 6 1.50 > Co— 3.20 =-3 4.00 % 116 » J&J 49*s 1938-1960 M&S 15 6 4s Hospital 1946 F&A Essex Fells (Boro)— 5s July 28 1938-1960 Fair view—5s, 1944 J&J Glen Ridge— 49*8 Mun Bldg 1938-70 F&A b Gloucester City— 49*s 1938-1966 J&D 59*s Water 1938-1963.M&S 49*s 1942 49*s Imp 103 4.25 4.00 to 3.00 > J&D 1938-1944 Hackensack _ 1941-1945 Grange— 1938-1957 A&O 59*s Dec 1 1938 1946.J&D 6s 1939-1972 ...J&J Englewood— 4 to 2.90 6 3.00 -J&D 49*s'38. '40, '42. '44.M&N Keene49*s 1938-1942—M&N 100 1139* School 1938 1974—A&O Gloucester 3.00 6 2.35 J&D 1938. Manchester— 4s 1938-1940— 1.75 > Essex County— to 1.50 to 2.75 49*s 1942 % East Jersey City— Concord— 7.75 Joint Com. I'hila-Camden Bridge— 9*s 1938-1945—-.-. 4 9*s 1946-1973 5s to 1.50 1938-1943—M&S 49*sHighway 1938-1943-J&D to 5.75 81 , 1C0 4 9*8 6 2.85 4s Highway 6 6.90 to 4.05 77 M&S 4 9*s 1938-1969 5s 8ewer 1939-1960 6 1.60 J&J 1938-1948— 4s June to 4.25 > 4 HAMPSHIRE 4s July 6 1.00 6 1.62 J&J 49*s 1938-1955 3.40 % 3.40 % 3.40 % 2.00 6 3.60 ..J&J 1938-1940 Delaware River York School District— 6 0.75 2.70 to 4.20 92 90 4 9*s 1938 1970 4s 1944 1968 Omaha— to 2.80 2.50 Cape May— 4 4s School 1938-1951 .M&S 103 1957—J&D 9*8 Wat wks Dec 15 '41 J&J 49*s May 1 1956 M&N 5s 1948 J&D Omaha 8D 4 9*s May 1'55M&N 0.75" 3.00 to 4.10 Elizabeth— 4 6 to 100 > 1945-1970 5s McCook Fund 5s '38 43.F&A 6 1.75 North Platte Sch Dist— 49*8 1938-1959---J&J 6 2.00 to 2.25 b 2.50 Camden Co— 3 1938-1953 49*s to 4.00 Cape May Co— Douglas County— 5s Highway 1938-46--A&O b 1.50 Holdrege S D 5s 1938-55-J&D 6 1.50 Lincoln School District— to 2.30 6 0.75 4s Bridge Rev .25 to 3.10 2.00 59*s 1938-1961 F&A 49*s Water '38 to '60-M&N 49*s 1942-1969 J&J to 1.50 Beatrice S D 5s 1938-54--F&A 6 1.50 Dakota County— to 2.35 6 2.10 6 0.75 Yazoo-Miss Delta Levee Dist- M&N 49<s July 1949 J&J Is 1952 optional 1922--J&J to 2.30 6 1.75 J&D „ NEBRASKA a 1938-48—F&A 6 0.75 to 2.70 2.30 to 1.75 Camden— md( to 1.00 to 2.60 to 2.70 6 1.10 to 3.75 to 3.50 Bridgeton (City)"— 4 9*s s 1938-1958 to 2.10 to 2.15 694s 1938-1954 A&O 6 4:25 6 4.25 494s Jan 1 1939-1952 49*s 1938-1952 M&N 6 4.25 Jones Co 5s 1938-1942 -M&N 6 4.25 Meridian 5s Dec 1 1939—J&D 6 4.50 49*8 School House 1941 J&J 6 4.50 Mississippi Levee District— 5s May 2 1944 M&N 6 4.00 6s July 1 1953 J&J 6 4.00 1938-1954 to 2.50 6 1.25 59*s Sewer 1939 J&J 49*s Wat & Sew *39-'50-J&J 6 1.00 Jackson— 5s to 2.60 6 0.75 6 b 0.75 to 2.50 1.25 1938-1939 A&O 4s Court Hse 1938—_A&O Bloomfield— 4 9*s 1938 to 1969—.J&D 15 6 1.25 Bogota— 2.50 4 9*s 1938 1946 J&D Great Falls— b 1.00 to 3.50 "" 6 0.75 to 1.70 b 0.75 96 Callable bonds 98 Non-callable bonds Greenville 5s fund '43-'50 F&A 6 4.50 Vlcksburg— 5s Pub Imp & to 4.10 to 3.50 1.25 Bound Brook 4 9*s '38-'42 J&D 2.75 to 2.75 to 3-39*-39*-39*% 1938-1955 Biloxi 594s 6 0.75 to 4.10 49*s 2.70 99 Highway debentures— 49*s Dec 31 1939^0 49*s Dec 31 1938-39 Daniels Co 59*s 1939-42—J&J 6 4.25 6s 1941 opt 1940 J&J 6 4.00 to 2.00 69*s Impt 1938-1946 M&S 6 3.75 6 3.75 494s May 1 1939-50 49*8 Impt 1953 .-J&J 6 3.75 49*8 Flood 1938-53 A&O 6 3.75 3s, 39*s & 394s highway notes 1st series to to 4.15 1.25 5s Dec 15 1938-1955.J&D15 MONTANA to 2.25 5.00 M&S 100 1939-1949.J&J ? 2.00 59*s Dec 15 1938-60.J&D 15 to 2.70 NEW — bldg Public MISSISSIPI Ser I due 1938 to 1956-8er II due 1956 to 1960 to 2.90 to 2.45 to 2.00 Paul— 3t to 2.85 6 1.80 95 41*s 1938-1955 F&A J 2>00 2.00 4 9*s School 1938-66...F&A b 2.00 Belleville 5s 1938 & '44.M&N b 2.00 6 2.00 Belleville S D .5s '38'44 M&N " " Bergen Co— 1.25 59*8 Dec I 1938 1942.J&D to 2.80 6 2.30 to 2.00 b 1.75 & 0.75 b 0.75 3.00 6 0.75 52 (Boro)— Bayonne—5s to 2.80 Springfield 4 9*s '38 *49—M&N 6 1.00 University City— 4 9*8 1938-1943 M&N 6 0.75 49*8 1942-1949 J&J15 6 2.00 to 2.50 1938-1946 bldg Public 101 J&J b 0.75 3:00 to 2.75 66 6s July 1 1938-1944 S D 49*8 1938-55 to 3.20 to Net 66 90 4V*s Bridge 1938-57-A&0 . Audubon to 3.25 6 1.75 M&N M&N M&N & impt A&O F&A A&O & impt M&N 4s 1946-1951 J&J b 0.75 M&N b 0.75 4Hs 1938-1947 49*8 1938-1942 to 3.05 to 3.30 6 2.00 -J&J F&A F&A M&N M&N Impt 1938-1943 49*8 1938-1939 4Ks 1940-1953 4 9*8 1938-1948 4 9*8 1941-1948 4s 1941-1945 J&J b 2.00 to3~.66 Joseph S D 48 1940 4s 1938-1940 MINNESOTA 894s July 15 1943 0.75 0.75 0.75 0.75 0.75 0.75 Refunding 49*s May 1 1951 to 2.50 4>*s Airport April 1 1948- 15 '56 1938-'45._M&S bridge series A.-July St Joseph 49*s 4.15 Wayne County— J&J J&J to 3.75 6 2.60 A&O J&J J&J J&J —-J&J 0.75 39*8 1941-1951 29*s 1945-1955-J&J 6 2.40 St Cnarles County 39*8 toll 2.75 less 1 b 6 49*s School June 1 1955 Port Huron 49*s 1942 1940-1950 1939-1950 4 9*s 1946 5s 1941 to 2.25 to 1950- 6 29*s 1956-1975 Kansas City S D— 4s 1941-1951 90 87 9*s 1964 opt 1937 % to 2.50 _ b 2.00 J&J 1939 Water 4 9*s 4 9*8 to 2.25 39*s Sept 1 1938-1940 M&S b 1.50 3s Sept 1 Grand Rapids School 4 9*8 1938-1943 J&J 4>*s 1939 to 4.10 „ Asbury Park 49*s 1938-1953. M&N / 62 49*8 1938-1970 M&N / 62 Atlantic City— 29*-49*s Jan 1973 50 Water 3-4 9*s Jan 1973 70 Atlantic County— Kansas City— to 4.00 Flint 49*s 1938-54 M&S 15 6 6s (Mar 1 & Apr 1) '38-50.- b Flint Union School Diet— 6s 1938-1954 M&S b Ask Bid Bonds Ask Bid Bonds Ask To or or Or Bonds Yield ausis Yield Basis Yield Basis Bid 95 BONDS AND MUNICIPAL STATE FEB., 1938] to 4.50 to 4.25 70 4.00 4.10 98 2.25 %to 98 2.25 %to 97 to 3.90 % 1.50 to 3.80 1.50 to 3.60 1.75 to 4.10 b 2.25 90 83 4.50 "72"' —J&D 15 b 1.25 77 to 3.10 % 1.85 A&O Middlesex (E iddlesex 39*a 1939 to 196/_ Middlesex County— % 101 J&J b 3.00 1.50 49*s Road 1938-1944-F&A 1.50 Imp 3s Nov 15 1938-1948— Monmouth County— 49*s Mar 15 *38-'50-M&S 6 2.25 2.25 49*8 Rd & bdg '38-51F&A15 Montclair 49*s Sch 1941.A&0 49*s High sch bldg '44-J&D Morris County— 49*s 1942 opt 1922 J&J 39*s 1939-1949 J&D15 b 1.25" to 4.00 to 3.00 to 3.25 % 1 to 3.60 to 3.60 0C 2.6C 1.2f to 2~.7|5 % Morrlstown— 49*8 J&D 4s 1938-1969 2,00 to 2.60 M&N 1938-1942 2.00 to 3.60 b 2.25 to 4.50 b 2.25 to 4.40 b 2.25 to 4.25 b 2.00 to 4.10 Neptune 49*8 1940-55—F&A TSTownrlr— 1938-1972 M&S 59*s Oct 15 '38 to'59 A&OIS 5s 1938-1958 J&J 49*s 1938-1983 F&A 49*s School Dec 1 *45—J&D 4b Sch house 1959 opt 1949 6s 6 0.50 to 2.70 6 0.50 to 2.75 6 0.40 to 2.70 6 0.40 to 2.60 4s Pas Val sew'61 op 4s 1938-1970 6 1.00 to 1.20 39*8 Track elev 1954-_F&A 29*s Jan 15 1939-76 J&J 6 0.40 to 1.20 6 0.75 to 1.20 6 0.40 to 1.40 6 0.40 to 1.40 6 1.00 to 1.60 6 1.00 to 1.40 - 1 A 3.9 3.9 *51 J&D J&D 6 2.00 6*2.00 to 4.00 to 3.75 & % STATE 96 MUNICIPAL BONDS AND Quotations for all securities are as near as possible for the closing '"iw To or Bid Bonds Ask Nutley (School District)-— 4MB 1938-1942 F&A 6 2.00 6 3.00 F&A 5Mb Nov 15 1938-39-M&N 6 2.00 98 Ocean Oity—5s 1944 F&A 98 4Mb Impt May 15 1938-'£6Ocean Co 4 Ms 1938-'50_J&D 63.00 Orange— 4Mb Sewer 1938-1964.A&0 6 2.00 4Ms 1943-1967 to 3.80 to 3.80 87 81 to 3.00 Eliminat'n of Grade Crossings 2Mb Dec 8 1938-87 J&D Unemployment Relief— 2Mb July 6 1938-1947—J&J General State Improvement— 2Mb July 6 1938-1962.-J&J 1Mb Sept 10 '38-46.M&S 10 Emerg Unemploym't Relief— 2Ms Sept 25'38-'43 M&S 2Mb Sept 25 '44-*45—.M&S 1Mb Sept 101944-1946 to 3.80 to 2.50 to 4.35 to 3.60 to 3.75 6 2.50 to 4.20 6 2.25 to 4.10 6 1.50 to to 2.85 6 1.25 to 3.60 6 2.00 to 4.30 98 95 100 97 to 1.90 92 3.00 6 0.50 1.25 to 2.80 2.60 to 3.60 to 3.50 110 J&J 6 1.00 3 Ms Corp stock July 1 '75— 106 3 Ms Corp stock 1939-54— 6 1.20 3 Ms g exempt 1941 M&N 6 1.90 3 Ms exempt 1942 M&N 6 2.15 3 Ms R T 1948-1950-M&N 6 3.10 3 Ms g exempt 1952 M&N 101 6 3.40 3.20 6 1.00 to 3.50 6 1.20 6 1.00 to 3.50 to 3.20 6 1.25 to 1.75 6 1.25 to 3.25 1.25 to 3.00 2.60% Relief 1938-45 J&J 2Mb Oct 15 1938-56.-A&O 2.20s Jan 15 1939-47—J&J 1.25 to 3.00 Sewer 4s 1938-1958 J&J M&S J&D J&D 4MB 1938-1969 4MB 1938-1968 1.25 to 2.50 1.25 to 3.25 1.25 to 3.15 Delaware Co 4.20s *38-'62A&0 6 0.60 1.25 to 3.15 Summit— 4 Ms School 3.40 2.00 to 2.80 to 3.00 to 2.60 M&S M&S 0.60 to 2.00 3 Ms 2.25 to 2.40 3 Ms 3 Ms 3 Ms 3 Ms 6 1.25 6 1.25 to 2.60 F&A 6 1.00 to 3.20 6 1.25 to 2.90 Elmira— 6 2.25 to 4.15 4Mb Water 1938-45..A&0 6 0.50 Erie County— to 1.80 6 2.00 5s School 1938-1955—.A&O 6 1.75 to 3.90 4Mb 1938-1966 4Mb 1938-1960 to 3.60 4Mb 1938 J&D 4Mb 1939-1959 J&D 4s 1945-1953— .—M&S 2.90 March 1, 1938- 1947— Essex Co 4s 1938-1956—-M&S Franklin Co 4Mb '38-'40iM&S Free port— 4.20s 1938-1945 M&N 4.20s sever 1946-60--M&N 4Mb 1938-1951 M&N 4.40s 1938-1950 M&N Garden City 4 Ms 1938-52.J&J Greenburgb (T) 4s 1938-1951 J&J Greenburgh U S Sch Dist No 9 Trenton— A&O 6MB 1938-1951..— F&A 6 1.50 F&A 6 1.50 to 3.70 . to 3.50 4s City Hall 1939 J&D Union City 4M* 1938-'64.J&D Union County— 1938.M&S 15 4Mb Oct 15 1938-52 6s March 4Mb 15 Rd&Bdge'38-'47-F&A 4s Oct 1 1942 A&O 2.80s Gen Impt B June 1 1950-65 Union Township Sch Dist— 4Mb 1938-1968 J&J Ventnor City— 5 Ms Mun Bldg '38-'58.A&0 Vine land (Boro)— 5 Ms 1938-1950 —M&S Westfield— 5s June 15 1938-60 J&D 4Mb 1938-1966 A&O West New York— 4Mb Oct 1 1938-1968—A&O 5s School 1938-61.—M&N West Orange (T) 6s '38.M&S to 4.00 6 1.25 to uu 3.60 To 6 1.25 to 3.15 % 6 2.75 to 4.60 % 6 3.00 to 5.00 o.uui 75 NEW MEXICO 6fl Highway 1939-1940—J&J 6 3.00 2.50 5Ms Highway 1939-1940.J&J 6 3.00 2.50 4Mb Dec 16 1952 opt *22.J&D 99 100 4a Fund 1939 99 100 opt 1919—M&S 3 Hb H'w'y deb ^i6-'47 M&N 6 2.75 to 3.00 3 Ms H'w'y deb '48-'49—M&N 101 99 3b Jan 1 & July 11949-1952.. 98 100 2Mb H way deb 1944-45.M&S 6 3.00 6a Water Works 1962.-J&D 110 4Mb 1938-1950 J&J 6 3.80 J&J 6 3.80 Conser F&A 55 NEW YORK 5s Jan & Mar 1 1938-1945 5b Jan & Mar 1946-1970 4Mb Highway 1963 M&S 4Mb Canal 1964 J&J (b Canal 1965 J&J l'b Highway 1965 __M&S (s Barge Canal 1945 J&J a Bonus 1938-1939—A&O Is Bonus 1940-1949 A&O 4a Canal Term 1942 J&J 4b Canal Term Jan 1946. J&J 4b g High Imp Mar 1958.M&S _ 4s g High Imp Sept 1958.M&S 4b High Imp Mar I960M&S - 4b Canal Imp July 1960 J&J 4b Canal Imp Jan 1961 J&J 4a Canal Imp July 1961—J&J 4s Highw Imp Mar *61—M&S 95 0.30 2.10 2.80 2.80 2.75 2.75 2.00 115 3.40 3.40 to 3.00 1.00 to 3.10 6 1.25 3.65 No 4Mb 1938-1980F&A Hempstead (T)4Ms'38-59 A&O Hempstead 4Mb 1938-65 M&S 1.10 to 4.75 1.10 to 3.50 4Mb 4Mb 1.10 to 3.70 to 2.00 to 2.85 2.70 2.70 2.65 2.65 1.90 1.50 2.00 2.55 2.60 2.60 2.60 2.65 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 2.70 to 2.25 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 2.60 4s Canal Imp Jan 1967 J&J 4b Highw Imp Mar '67..M&S 2.70 2.70 Park 1967—M&S 4s Bldg constr 1938-1939 M&S 2.70 0.30 4b Bldg constr '40- 49—M&S 1.20 to 2.20 4b 1.20 0.25 to 2.50 to 0.90 to 0.80 108 111 109 M 111 111 to 3.i 108 to 3.30 1.75 2.00 3.00 101 102M 102 M 105 106 105 103 102 104 M 104 106 104M 103 M 105 M 105M to 3.20 103 to Par iTt tofM to 2.40 to 2.70 to 3.15 to 2.15 6 1.80 6 1.50 to 2.50 6 2.75 to 3.10 6 to 2.70 1.90 to 2.65 to 2.75 to 2.75 0.50 to 2.50 Ref 1.90s 1938-57 F&A 2.10s Feb 1 1939-1968 Ontario Co 4s '38-'51..M&N 0.50 0.50 to 2.60 0.50 to 2 70 6 0.50 to 2.25 6 0.50 6 0.50 to 2.50 J&J 6 0.50 to 2.90 to 2.00 to 1938-1950 (T) Un Fr 2.00 1.50 to 3.50 to 2.40 to 2.50 J&J 6 2.00 to 4.50 - Authority— Gen & ref 4s to 3.25 1.00 to 2.75 Gen & ref 3s Dec 15 1976 to 3.40 George Washington Bridge4 Ms Ser B '40 to '53 .M&N to 2.50 99M 97 88 93 100 98 1.25 to 3.75 6 1.25 to 3.50 3.90b 1938-1939 ..J&J 6 1.25 3.90s 1940-1964 J&J 6 2.00 Marine Parkway Authority— to 1.75 to 3.65 105 104 1960-J&D Middleport 4.35« '38-'42_ J&D 6 1.00 to 2.25 4.35s Sewer '38-'39 J&D 1.00 to 1.50 Mineola (V) 4.40s 1938-68 J&J 1.00 to 3.70 Monroe Co 4s 1938-44 F&A Par to 2.25 3.90s Co Bldg '38-'50—F&A Par to 2.60 Par to 1.40 1Mb Jan 15 1939-42.—J&J Mount Vernon— 1.00 to 2.50 4Mb 1938-1943 A&O 1.25 to 2.35 5Ms 1938-1941 A&O 3.75 to 3.90 4Mb School 1962-73—M&N 4s Sewerage 1950-55._M&N 3.50 to 3.60 2Mb 1938 to 1956. M&S 1.00 to 3.20 3s 1938 to 1946 M&S 1.00 to 2.50 Nassau County— 5s 1938-1943— M&N 1.00 to 2.50 1.00 to 2.60 4Mb 1938 1944 A&O 1.00 to 1.50 4Mb 1938-1939 M&S to 3.20 6 0.70 M&S 6 0.70 2.50 94 to 2.30 4s School 1938-'59 Port Jervis 4Mb '39-'69 2.60 97 to 2.40 Poughkeepsie 4 M« '38-52 J&D May 1. 1975__ Gen & ref 3 Ma Dec 1.1965Gen & ref 3 Ms May 1.1976 Gen & ref 3 Ms Aug 15 1977 1.25 to 1.10 6 2.75 Port of N Y 3.75 0.50 Sch Dist No 1 4.60s 1944-1966 to to 3.40 to 3.50 4s to 1.75 2.90 to 2.35 Pelham Sk fd 4 Ms ser A 108 106 1.30 0 80 to 3.00 May 1 '38-'52...M&N 106 109 M Oneida 4s Water '40-'45—J&J 4Mb Water 1939 J&J Onondaga Co, 4 Ms '38-47A&O 3.70s 1938-1951 A&O 6 1.90 Jamestown— 4s Mar 20 1943 A&O 4Mb 1938-1940 A&015 6 1.00 Jamestown S D 5s '38-'39 J&D 6 1.00 Kingston— 2.70s June 1,1938-1944— 6 0.60 5M« 113 to 2.80 to 30.0 acquisition.. 114 112M 2.80 to 3.00 5 Ms 1953 6s 1947 Beach 3.35 H3M J&J 1.00 Mamaxoneck(T)4Ms'38-d4J&J Mamaroneck Un F S D No 1— to 1.00 Water 1938-45-.A&0 Water 1946-64-A&0 1.00 4s 1940 118 to 3.; 6 1.00 to 1.90 Islip 4s ___ 118 118 6 0.40 F&A 6 0.50 Huntington (T) 4s '39-'52. J&J 4Mb 1943-1949 4Mb Sch 1938-1944 M&S 1943-1949 M&S 5s 1938-1942 _M&S Long Beach 4s Jan 15 1939— 117M 117M to 3.65 J&D 6 0.50 1938-1942 Ossining4Ma 1938-42 M&S 4Mb Water 1938-1969-A&0 Oswego—5 Ms 1938-46..M&N Oyster Bay Wat Dist— J&J 115 115M 115M 116 M North Tarrytown— 1939-67 ...J&J 1.00 to 3.00 Hempstead UnFSD No 1— 6s 1938-1954 M&S 6 1.25 to 3.50 Henry Hudson Parkway— 4s April 1 1955 104 M 103 M Hornell 4 Ms 1938-1947—F&A 6 1.00 to 2.50 Hudson Riv Regulating Dist— 4Mb 1938-1965 J&J 1.00 to 3.40 4.70s 1938-1965 J&J 1.00 to 3.40 4Mb 1940-1954 118 M to 1.20 Hempstead S D No 7— 4Mb 2.30s t 120 M 122 to 3.35 6 1.25 4 Ms 1947-72 M&S Ithaca—4Mb Water 1942 J&J 117 J&D 5 F&A 6 0.50 1939-1949 Niagara Falls S D 4Mb 1938-1960 to 3.40 1938-1951 117 1953 1954 2s Mar 1 to 116M 1941-48 to 4.00 98 1.75 2.10 2.70 to 1.75 M&N 4 Ms Wat May 1 '41-48M&N 4Ms Sew '39-'46 reg.M&N 3.95 Nov 1,1961-70-.M&N 3 Ms 1942-1945 M&N 3.00 1.00 1.00 116M M&N 6 1.80 4.15s Sewer 1965-70-.M&N 6 2.85 4.10% Sewer 1930-50.-J&J 6 0.75 5Ms to 3.25 Lockport— to 0.90 4s Highw Imp Mar '62..M&S 4s due Sept 1 1965... 48 due Jan 1 1966 6 Basis, 2.85 116 6 M&N 2Mb 1939-1953 2Mb Serial 1938-46 Niagara Falls— 2.75 to H3M 114 114M 114M ..M&N 6 3.05 1.00 60 0.30 1.20 2.70 Apr 15 1940-1955 A&O 8Mb Mar 15 '3S-'39—M&S 15 to 2.00 1.00 116M 6 0.40 M&N M&N g Water ex 1954. M&N exempt 1955 M&N stock Apr 1.1954_ A&O Corp stock Mar 1,1960 Corp stock Jan 15,1976 reg Corporate stock 1.25 4.40s 4b Palisade Park 1961—M&S 4a Canal Jan 1962 J&J 4s Palisades to 2.60 6 1.00 6 0.75 3 \la Corp stock July 1, '75 3s Rap Trans 1947-51 _-F&A 3s corp stock Jan 1 1977 J&J to 2.90 6 0.60 Lackawanna 4Mb '38-'54M&N 6 1.00 2.50 Albuquerque— Dist 5Mb 1938-73 Socorro Co 5s 1941 op *21.A&O 6 3.10 6 0.75 6 1.50 1958 1950-53- 1.00 to 3.15 3.05 6 1.20 119M 120M M&N M&N 1956 4.40s 1938-1965 J&D Groton 6s Wat '38-'50—M&N Harrison (T)— „ 4Mb 1938-1950 Middle Rio Grande Nov 3 Ms 1938-1946 4s 118 117 May 1957-M&N 3 Ms g exempt 3 Ms g exempt to 2.60 1947-1954 East Chester 4Mb 1938-1958 to 3.10 Various 4s May 1959 4s serial 1938-1963 Dutchess Co— 4s 1941 F&A 4Mb Imp & sch '38-'60.J&D Sussex Co 4Mb '38-'44 M&S 4s Impt 1938-1955—.M&N Tenafly 4Mb 1938-1963.F&A 1.00 Authority— 3Ms 1940-1964 J&D 2.50 Columbia County— 4Mb 1938-1959 A&O 6 0.60 Corning 5 Ms 1938-60 M&S 6 0.60 Cortland Co 4Mb *38-*51.J&J 6 0.60 to 85 123 4s Buffalo— 6 3.60 J&J 6 1.00 4Mb 1938-1964 M&N 1.00 3.40s Nov 15 '38-'55—M&N 1.00 3.10s Oct 15 1938-46.A&0 1.00 A&O 6 91 121 to 3.10 to 2.10 to 3.35 4Mb 1938-1973 South Orange— 4s 1938 to 1944 6s 1938-1962 117 120 M 119M 118M 118M to 2.90 to 2.40 6 0.30 J&J to 2.40 H8M 1.00 to 3.25 6 0.50 4s 1940-1964 6 0.75 City— 1.00 6 0.60 73 M&N M&N 1938-1947 to 2.50 to 3.30 — 2.30 to 1.90 to 3.25 to 3.40 4s Various to to 3.00 6 1.00 4s 6 0.50 to 3.10 6 2.60 4s Nov 1955 to 1.90 to 2.75 6 1.00 to 3.10 to 2.75 6 0.50 to 3.40 M&N M&N 4Mb 1938-1944 4Mb 1945-1965 4Mb 1938-1963 to 3.25 to 2.80 6 0.50 Red Bank (Borough)— 4Mb 1938-1953 M&N 6 1.25 Ridge wood 4Mb 1938-b2_M&N 6 1.25 Terminal— % M&N 6 1.00 to 3.50 b 0.50 J&D 15 M&N J&J A&O J&D New Roche He— 5s 1938-1950 2Mb to 2.90 1944 to 3.00 New York 2.35 6 0.50 4Mb 1938 Marine % % to 2.95 5 Ms 2Mb 1938-57 F&A 6 Par Newburgh— 4s Wat Impt 1942-63—J&J 6 2.00 4Mb Wat Impt 1938-41.. J&J 6 Par to 3.40 to 6 0.50 4Mb 1938-1967 4s June 151960 Somerset County— 4 Ms 1938-1949 J&D 4 Ms 1938-1952 J&J South Jersey Port District— % % to 1.60 to 3.25 J&J M&N F&A % to 2.75 M&N % to 3.10 J&J July 1 1940-64 4Mb June 1965 J&D 4Mb 1963 M&S 4Ms May, 1957 M&N 4Mb Nov 1957 M&N 4 Ms Dec 1, 1979 J&D 4Mb Corp stock 1967.-J&J 4Mb Corp stk 1971 J&D 15 4Mb July 1,1938 to 1955— 4Mb Jan 1, 1977. J&J 4Mb Sch & Var '38-'39.J&D 4Ms 1960 M&S 4Mb Mar 1, 1962 M&S 4Mb Mar 1, 1964 M&S 4 Ms April 1,1966 A&O 4Mb Apr 15,1972 A&015 4 Ms Rap Tr & Wat '74 J&D 4Mb Feb 15, '41-'66.F&A15 4Mb Feb 15.1976—F&A15 4Mb Nov 15,1978 M&N15 4Mb Mar 1, 1981 M&S 4s Corp stock 1938-55 4s July 1,1938-1956 4s Oct 1,1980 A&O 4s May. 1977 M&N to 3.75 5MB 1938-1939— to 1.90 6 1.70 — to 3.25 to 2.35 J&D 4s Munic & Sch '38-'63_J&J 3M 1938-1971 J&D 2Mb 1938-1945 M&N 2% 1938-1955. M&N Albany Port District— 4s 1938-1972 .M&N Binghamton— 4Mb Oct 1 1938-71.. var 2s Mar 11938-1956— to 4.20 93 to 2.50 to 2.10 6 2.00 4 Ms 1938-1968 Sea Isle City 5s 1942 116 116 to 1.75 Albany (City oD— 4M 1938-1969 4M 1938-1970 to 3.25 1938-50 F&A 6 Par 3.40s July 1 1941-45—J&J 6 2.00 6 2.75 2Mb 1946-1956 to 1.95 M&S to 2.90 6 1.60 3s 5 0.40 Ramsey 5s Water 1938-1940— 6 2.00 J&D County (Concluded)— 4s 1938-1947 J&D b 1.00 3Mb 1944-1961 J&J 6 2.50 116 to 2.75 Ask Nassau 3s 6 0.30 b 0.40 b 0.40 Bid Bonds 116 3 Mb Fund 1938-1941. M&N b 0.50 2Mb refunding 1939-57.J&J b 0.50 3.65 6 1.25 6 "1.25 2.80 0.80 b 1.85 5s 1938-1950 Rahway— 4MB 1938-1953 to to 2.75 6 0.50 Albany County— 4Mb 1938-1960 775 6 2.00 to To or Net „ Passaic— 6 2.00 Ask 3 Ms Mar 15 '4Q-'81-M&S 15 b 1.20 3 Ms Mar 15 '38-'39-M&S 15 b 0.25 3Ms Mar 15 '40-'81-M&S 15 b 1.15 114 3s g Canal Jan 1 1956...J&J 114 3s g Canal July 1 1958 ..J&J 3s g Canal Jan 1 1959 J&J 114 114 3s Canal 1957-59 J&J 3s Mar 25 1938-1987 M&S b 0.25 to 3.70 _ 4MB 1938-1940. — M&S 534s General improvement 1938 1951 J&D 5s Impt 1938-1948 M&N 4 Ws Refunding 1944—M&N 4 Ms Water 1939-1970—J& J Passaic County— 4Kb 1938-1946 J&J 4Mb 1938-1968 J&D Peterson— 5Ms 1938-1959 M&N 4Mb Feb 1 1945 F&A 4Mb 1938-1967^. A&O Perth Amboy— 4Mb April 1944 4Mb Water 1938-64—M&S2 5s Feb 1938-1977 F&A 4 Ms refdg 1944 & '46—F&A Plalnfield 4s School 1959 M&N 4 His 1938-1962 Various.J&J Yield Basis To or Bid Bonds Net New Brunswick— 4Mb 1938-1957 F&A 6 2.00 4Ms Sch & wat '38-'69- J&D 6 2.00 4Mb 1938-1967 J&D 6 2.00 North Arlington (Borough) 77 Refunding 4s 77 North Bergen ref 4s-4Ms day of the month preceding the date of issue Yield Basis Yield Basis 108M 104 M 101M 109 M 105 M 97 98 98M 99 M 110M 112 Inland Terminal— 4Mb ser 4Mb ser D '38-'41..M&S 6 0.75 to 1.25 D '42-'60-M&S 107M 109 Holland Tunnel— 4Mb 4Mb ser E '38-'41—M&S 6 0.50 112 ser E '42-*60—M&S Putnam Co 4 Ms '38-'51-A&0 6 1.00 4s 1938-1954. F&A 6 1.00 Rensselaer County— 4Mb Highway 1938-58.F&A Rochester 5s '38-'62 F&A 4Mb Pub Imp '38-'58.F&A 4Mb 1938-1959—...M&S 4s Imp Sch &c '39-'47_J&J 2Mb 1938-1957 M&S 1Mb 1938-1940 A&O 1.70s 1940-1948 F&A to 1.50 113 to 3.20 to 3.25 0.90 to 3.00 0.90 to 2.85 0.85 to 2.70 0 80 0.80 to 2.60 0.60 to 2.40 to 2.50 0.60 to 1.30 0.70 to 1.85 Rockland Co— 4Mb 1938 (reg) 4MB 1938-1946 F&A 15 M&S 6 1.00 Rockville Centre (V)— 4.15s 1938-1952 Rome 5 M«1938-1941 to 2.70 J&D 6 0.50 to 3.30 A&O 6 0.50 Rye & Har'son Un Fr S D No 6 4.40s 1938-1953 _F&A 6 1.00 to 3.50 to 1.50 Saranac Lake 4.45s 1939.F&A Saratoga Co 5s 1938-'40-F&A 6"0.75 4Mb 1938-1955 M&S 6 0.75 4s Sept 1 1945-1954—M&S 6 2.25 / Flat price, * to 1.50 to 2.80 to 2.75 Net STATE AND MUNICIPAL FEB., 19381 M&S 0.50 0.50 0.60 to 2.25 0.50 to 2.40 6 0.60 to 2.20 M&N 0.75 1.00 1.00 to to 3.50 Ha High & ref 1938-57 M&S 0.50 4Ha 1938-1967 0.50 to Randolph County— 4Ha 1938-1947 F&A 6 2.50 4Hs 1948-1959 F&A 6 4.30 Rutherford Co 5s'38-'52_-J&J 6 95 2.50 0.75 to 2.50 F&A 1938-1951. M&N 6 4.50 M&N 94 Salisbury 6s 2.70 0.75 to 3.00 M&N 0.50 to 2.25 Winston-Salem— J&D15 F&A 0.50 to 3.00 0.75 to 2.50 J&J15 6 0.60 to 2.60 J&J15 M&S 2s 1938-1956 M&S 2.10% Aug 15 1946-1947— 1 Ha 1938-1946 M&S Triborough Bridge— 4s s f revenue 1977...-A&O 4s ser rev 1942-68 A&O 0.50 to 2.75 6 0.50 to 2.40 6 0.50 6 2.20 to 2.00 0.60 6s May 151938 5j*s 1938-1960 4 Ms 1938-1944 — to 3.00 to 2.00 A&O 6 1.00 to 2.50 Summit Co— 42* 1938-1940 F&A 6 1.00 6s Pub Wharf 1960—M&S 5s Sewer 1949 _M&S 98 to 4.25 to 4.50 to 90 to 42*s 1938-1954 M&S15 6 1.50 42*s 1938-1953 M&S 6 1.50 6 1.50 42*s Nov 1 1938-1953 4s Park July 1 1942 J&j to 4.15 to 3.25 M&S 4.20s Dec 15 '38-71 4s 1938-1946 3Ha 1938-1951 3s 1938-1971 2.20% 1938-1957 10/H 6 2.40 M&S 6 M&N 15 6 4 Ha 1938-1973 —J&J 6 4s refunding 1948-56 J&J 6 3s refunding 1956-68---J&J 6 5s Sept 1938-1947 4 Ha 1938-1958 NORTH to 2.30 42*s 1938-1959 42*s 1938-1956 Youngsto wn— 6s Bdge 1938-41 42*s 1938-1957 108 H 3.70 % to 3.35 Tonawanda {City s 1939-1942 J&J of) J&J 4H s Sewer 1938-1953..J&J 6s Water 1938-1950.—J&J 5Ha Water 1938-1950-J&J Troy— 6 o.75 Grand 6 2.00 6 2.00 to 6 2.00 A&O 1.00 to 3.25 6 1.00 to 3.20 Utica— 4 Ha Pub Imp to 2.60 to 5 Ha 2.00 to 2.40 to 2.50 to 2.00 6 1.00 6 3.25 to 3.40 4Ha Co Bldg 1938-44-A&0 6 0.50 4Ha '44. *45. *56 & *69 J&D 6 2.50 4s Co Bldg 1938-59—M&S 6 0.50 4s June 1 1959-1964—J&D 6 3.10 3Ha 1938-1951 J&D 6 1.00 3Ha 1952-1980 J&D 6 3.10 to 3.50 to 2.50 to 3.25 s > J&D 6 3.10 1952-1963 Plains— 2>*s Sept 1 1943-49 Wolcott 4Hs Jly 15'38-'42J&J 6 2.40 to 2.60 J&J 1.90 J&J 4 Ha July 1943 4 Ha Sewer 1955 4s 1938-1956 A&O M&S 3 Ha Water '45 on '25 3 Ha Sept 1 1938-62 F&A 2.50 1.00 100 1.00 to 2.40 to 4.50 to 4.00 to 3.70 to 4.30 b 1.00 6 3.00 to 4.30 to 3.75 to 3.05 to 3.10 A&O b 1.90 to 2.45 J&D J&D 6 1.00 3 Ha 1938-1956 1.00 2.75 5s Road 1938-1939—M&N 6 1.00 to 2.50 to 3.25 to 3.20 to 2.00 42*s July 15 % 4s '38-'39—J&J15 6 1.00 J&J15 6 2.00 July 15 '40-'45 Portland— 5s Harb Dev 1938-50.M&N 6 1.00 42*s Dock 1943 M&N 6 2.50 42*s Oct 1938-47—.A&O 6 1.00 4 2*s 1938-1960 M&N 6 1.00 4a Water 1938-1955—M&N 6 1.00 J&J 6 1.50 4s Water 1939-1958 4s Water 1940-1959—.F&A 6 1.75 to 1.75 to 2 60 to 3.25 2.30 to 2.90 to 3.40 to 3.00 to 3.10 to 3.10 to 3.30 1938-1951 2 Ha 1938-1951 6s 1938-1959. to 3.35 PENNSYLVANIA to 3.24 12*s Tax anticipation notes series "C T" May 31 1938— 58 July 1 1951 Series O J&J 42*s Dec 1 1951 opt '37—J&D 4s m —M&S 6 3.00 to 2.80 6 1.00 to 2.50 F&A s-a F&A 4s Wat W *45 opt '20—M&S 2**s 1940-1959 F&A 1938-1953 4^s 1938-1955 Columbus S D— 5s 1943-1952 101 to 2.80 J&D 19 6 2.40 1002* 101 to 3.00 to 3.10 6 1.40 1945, 1947. 1950, 1952 A&O 4Ha 1938-1944 —A&O 4Ha 1938-1943— A&O 4Ha Road 1938-1941—A&O 4s 1938-1941 A&O Dayto 5Ha W W Imp 1944--J&D 5s 1938-1939 6 1.00 to to 3.00 1.00 42*s Sewer 1939-59 to 2.25 6 1.00 6 1.00 6 1.00 to 2.40 J&D 6 1.70 to 2.50 4**s '38-*41—M&N 6 1.00 to 3.10 Cambria Co 4Ks Nov 1 '38-'45 6 1.80 Chester 4 Ha 1938-1940—J&J 6 1.50 Chester SD 4**s 1938-42 J&D 6 1.60 6 1.00 to 2.00 6 2.25 to 3.25 to 2.75 31 J* 32 H East 2.50 2.50 East to 3.00 to 3.40 to3.50 2.50 Greensboro— —-F&A b 3.90 3.50 J&J b 2.50 to 4.30 1 F&A b 2.50 to 4.25 1 1954--J&J b 4.00 3.85 Ref'g 3 Ha 1957-1962.. J&J 92 H 95 Greenville 5s W W '68-F&A b 4.50 4.25 Guilford County— 4Ha 1938-1957 M&N b 1.75 to 4.20 4s Water Works High Point 4Ha 1939-48.J&J b 4.50 to 5.25 5s Wat Serv 1938-1968 J&D b 4.75 to 5.75 to 2.80 to 2.75 to 2.70 to 2.45 to 2.50 to 2.60 to 3.00 Del River Jt Imp 1945 F&A 4Ha Bdge 1938-1951—M&S 4 Ha 1938-1940 M&S 4Ha 1941-1961 M&S Dayton School Dist— 5 Ha 1941 M&S M&N 6 1.50 to 3.40 M&N b 1.5 j to 3.60 M&N 6 1.50 to 3 60 (-F&A6 1.90 to 3.20 F&A b 97 H to 95 J&J b 1.50 to 3.60 % 2.10 Altoona— 4 Ha Water 1938-60—M&S 61002* to 3.20 Bet; Jthlehem School Dist— ■ 6 1.80 to 2.50 4s 1940-45-50 61002* to 2.20 Braddock 3.10 5s W W 1 1976 Durham County— to Allentown— uyahoga County— 33 Durham— to 2.00 Highway Apr.l 1940, 1942, A&O 6 1.25 J&J 6 1.25 F&A 4s 1938-1958 M&S 6 1.00 22*s Dec 1 1938-1965—J&D 6 0.75 22* Apr 1 1938-67 A&O 6 0.75 102 6 1.00 133 Allegheny County— 42*8 1938-1962. 42*s July 1938-1958 4b Bridge 1942 to 3.30 6 1.00 4 Ha 0.85 130 J&J 6 1.20 42*s 1939, 1944. 1949 Columbus— 31H m to 3.65 6 2.40 4 Ha 1938-1950 48 Sewage 1938-58 101>* Ohio municipal bonds to 2.15 to 2.00 Multnomah Co S D No. 1— to Cleveland— 5Ks 1940-1970 1976 4**s 1938-1951 J&D b 1.50 Forsyth Co 4Ms *38-'58_J&D 6 1.50 Granville Co 4Ha '39-M&N b 3.00 to 1.75 to 2.50 to 2.80 / 35 42*s Bridge 1938-1944-J&D 6 1.00 42*s 1949-1956 F&A 6 3.00 4s Bridge 1945-1955—J&D 6 2.60 2.30 1.00 2**s Sept 1 1938 to 1956— 1.00 to 2.40 2Ha Sept 1 1938 to 1976-2s Sept 1 1939-63M&S 6 0.751 to 2.20 Cincinnati (School Dist)— 101 3**s 1940 opt 1912—A&O 103 1.50 to 2.75 J&J / 35 Certificates of deposit / 35 Eugene 5s 1942 M&S o 3 00 5s Mar 16 '38-'46—M&S10 6 1.00 to 3.10 A&O 6 1.25 A&O b 1.25 4Ha 1938-1966— 2.50 to 3.75 J&D f 35 Certificates of deposit 5 Ks 1938-1949 101 to 2.40 to 3.70 b Par 5s Water 1939 to 1945-J&J b Highway 1938-1941--A&O 6 1.00 Astoria 5s 1953 &> to 2.90 Charlotte— * M&S '46-'51—F&A 1.00 to 2.90 NORTH CAROLINA 4Hs_1938-1965 I00 4s 1.75 A&O 6 1.00 to 3.35 to 4.00 5s Water 1942 3.10 to 2.30 to 3.00 Par 4Ha 1939-1963— % to 3.15 to 4.50 4Ha 1938-1970 4Ha 1938-1979 3J*s 1939-1959 3s 1960-1977 6 1.00 32*s May 15 1941-1945 6 2.00 42*s H'way '38-'49 (s-a)_A&0 6 1.00 4s Highway 1938-1942—A&O 6 1.00 3.15 to 3.50 1.00 1.00 1.00 l^s gen ref July 3.50 to 3.75 Multnomah Co— 6s 1949-1957 A&O 2.10 OREGON to 2.60 1.00 to 4.50 5Hs 1938-1948 6s Feb 1 1938-1939 to 4.10 1.00 Par l-4s gen ref July 1 Buncombe County— 2.75 2.50 F&A :25 22*8 May 15 1938-1940 M&S M&S Cleveland Heights S D— to 3.50 J&J 6 1.25 4.75 to 4.50 A&O J&D 6 1.75 22|s 1.00 J&J 6 3.15 2.40 6 5.00 % Tulsa— to 4.60 M&S A&O 00 to 3.15 6Ha Jan 1939-1961 ...A&O 5s 1939-1961 A&O 5s July 1961 4H« 1939-1962 4Ha 1938-1968 4s 1938-1968 3Ha 1940-45 2Ha 1946-47-48 Abbeville 2.50% to 3.25 to 3.20 to 4.00 2Ha gen & ref July 1 *43-*46 to 3.60 6 2.75 6 2.50 5s 1938-1947 to 3.20 to 3.00 3.30s April 1 1938-1956 3.10s Oct 1 1938-1964 6 4.00 M&S Par 3 Ha 1943-61 6 2.50 to 4.60 1.00 to 3.25 1.00 1.00 F&A J&D b 3.35 to 2.00 to 2.40 to»4.80 1.00 1.00 4gs Marl1 1938-'56—A&O July 1938-'62 A&O 1.00 to 4.10 6 4.00 6 4.00 4 Ha Grad Cros'38-'54_A&0 4 Ha Fire Dep '38-'55—A&O A&O 4s 1938-1958 6 2.75 5s W W 1938-1968 to 3.00 Yonkers— 6s Feb 1 1938-1952 to 2.70 1.00 to 4.50 to 3.20 2.50 4Ha 1938-1959 (reg)..M&S 6 3.90s 1939-1954 F&A*6 6 4.00 6 4.00 to 3.20 to 3 J&D 6 1.00 Ja 1938-1951 1941 5 Ha Imp Feb 58 July 1 1965 to 3.00 to 3.50 4Hs San Sew *39-'82—J&J 4Ha Parkway 1962-86.J&D 3.70 to 3.75 Cincinnati— J&D 6 1.50 1939-1976 3.60 4.40s 1956 3.25 100 4 Ha Bridge Rev '67.M&S Westchester County— 5s A&O 4 Ha Dec 5 1939-42 to 2.40 to Water town— J&J 6 0.60 J&J 6 0.50 to 3.60 1942.A&O 5s 1954 2.75 to M&S 52*s July 1946 F&A 6 3.75 2.75 52*s Wat & Pk '38-'49-F&A 5 Ha 1938-1939 F&A 6 2.75 Allen Co 5 Ha 1938-50--A&O 6 3.00 Ashland 5 Ha 1938-44—A&O 6 1.00 to 3.00 to 3.60 12 Muskogee— , 42*s Aviation 1939-53.J&J Oklahoma City— 52*s 1938-1940 J&D 5s Water 1938-'47 M&S 42*s Water Works 1941 J&J Okmulgee 5s Mar 15 1943 to 3.75 Canton School Dist— 2.50 to 2.60 to 2.90 1.00 to 3.25 2.00 M&S 6s Water 1944-1959-__A&O 6 2.60 to 2.60 to 3.25 1.00 City Hall & Market 1938-1939 (See footnote *) 4s Water Works to 3.40 Zanesville S D 5s '38-'43.A&0 5s Sewer 1953 Warsaw Union FrSDNo 10— J&J J&J 6 0.60 Zanesville—5s to 3.70 to 3.25 Canton— to 2.25 4.20s 1939-1949 4.15s 1938-1950 4Ha 1942 4Ks 1938-1953 5s 1938-1945 1.50s 1938-1946 Thousand Islands— 0 6 2.00 4^s 1938-1956 107 H 108H 6 2.40 to 3.70 % Oct 6 1.00 t J&J 6 3.75 J&J 6 3.85 A&O 5 Ha 1939 1951 —J&J 5s Water 1938-1953—A&O 4Ha 1938-1947 A&O 4 Ha 1938-1952 —A&O to 2.90 6 1.00 4Ha 1938-1942 to 3.60 Forks— OHIO to 2.00 6 0.75 '38-*45.J&J15 6 0.50 F&A 6 0.75 M&N 6 0.50 4.10s 1938-1946 A&O 6 0.50 3.90s 1939-1948 F&A 6" 0.70 3hs May 15 '38-'51-M&N 6 0.50 Warren Co 4**s 1939-'50.F&A 6 0.75 5Hb highway 1939-'53_F&A 6 1.00 6 3.00 6 3.75 Akron 6s 1939-1940 4Ha 1938-1950. A&O 4 Ha 1938-1970 J&D 4Ha 1938-1965J&J Triborough Bridge— 4s s f revenue 1977 A&O 4s serial revenue 1942-'68 6s 1938-1940 reg to 3.25 to 3.75 to 3.75 3.75 to 3.90 1.50 1.50 A&O A&O A&O A&O Youngstown School Dist— 42*sl944-47 M&S 5sl938-1944 M&S 3.75 to 3.85 5s Mayl938 to 3.50 6 2.00 1.50 1.50 3.00 3.15 to 3.20 OKLAHOMA bonds 4Ha July 1951 & *55 4Ha Jan 1957 Fargo 4s Aug 15 1938-54 Thousand Isl'ds—See "Watert own" Ticonderoga S D No 5— 4Ha July 1938-'58 Called 30 DAKOTA 5s Farm L'n 194(M5&'50 J&J 5Ha 1945 & 1948 ser O—-J&J to 1.50 to 3.25 Toledo School Dist— 92 „ 2.75 5s W W 1938-1944 to 4.25 / 25 6 3.90 6 1.75 6 1.75 to 2.70 1.00 1.00 to 2.20 6 0.50 Syracuse— . to 2.30 to 3.25 Toledo— 3.75 88 1938-1941—M&N Transylvania County— Road & Bridge 6s 1949-50-Wilmington— 5s Ref & Impt 1955—A&O 4Ha 1938-1962 A&O 4Ha Pub Imp 1939-60-J&J 2 to 2.75 M&S 2.25 1944--J&D 6 4.25 A&O 6 2.50 1946-1950 3 Ha 1951-1956 to 2.40 2.20s June 1 1938-1962 J&D Sullivan Co 4**s '38-'45-A&0 to 4.60 J&J 6 3.00 1939 4s to 2.85 A&O J&J 6 .480 1959 Ask Springfd S D 5s '38-'39.J&J2 4s 1938-1955 M&S 5s Munic Bldg 5s Impt June 1 3.60 6 0.50 3.60 M&N 6 3.80 Raleigh— to 1.00 1.00 3 Ha to 4.50 4 Ha 1943-1947 5s Fund June Suffolk County— 4Ha 1938-1957 1938-1951—F&A 6 2.50 , Montgomery County— 1.00 5s Flood Emerg *38-'42 J&D 1.00 Newark 4 2*s 1938-1941—A&O Portsmouth City S D— 42*s 1938-1950 J&J 6 1.00 Springfield— 1.00 42*s 1939-1949 M&S Pitt County— 2.75 2.85 to 2.75 to 2.50 2.10 Solvay 4Kb 1938-1940—F&A Somers (T) 4tfs'38-'53-M&N Southampton— < 1938-1971 *42.F&A 6 4.25 A&O 6 2.75 Mecklenburg Co— 6*Ref Nov 1950 to 2.60 to or Bid Bonds Net Lincoln Co— to 2.00 0.60 u.60 Ask 4.00 to 4.65 4Ha 1938-1950 to 2.50 5s Bridge 5s Dec 15 1938-1948 5s Bonds Net to 1.50 0.60 J&J 1942-1958 4Ks Bid Iredell Co 5s Aug 1 Saratoga Springs— 4Ha Park 1938-40 A&O Scarsdale 4 Ha 1938-45—J&D Schenectady— 6s Dec 15 1938-1941 4.30s 1938-1948 J&D 4.15s 1938-1960 A&O 4s Oct 15 1938-1944--A&O 2Hs 1938-1955 A&O 1.80s 1938-1950 Schenectady County— Ask Yield Basis To or To or Bid the date of issue Yield Basis Yield Basis Bonds 97 BONDS possible for the closing day of the month preceding Quotations for all securities are as near as 1961 Cleveland— 5s W W 1938-1946 J&J 6 1.00 Fostoria 5s W W '38-'40-M&S 6 1.00 to 2.80 to 2.00 A&O A&O '38-'41_A&0 52*8 Sewer 1938-1947 6 1.00 to 2.00 6 1.00 to 2.40 6 2.00 to 4.00 5s Sewer Feb 1 1938-'51 F&A 6 2.50 to 4.10 Lima __ Lucas Co 4s C H 1944—M&S 4 Ha 1938-1940 J&D2 6 1.00 to 2.25 % Mahoning Val San Dist— 4 Ha water 1938-1952—A&O 6 1.50 to 3.25 % Martin's Fy 5s '38-'44—M&SI6 1.50 to 2.75 % Miami Conservancy Dist— { to 2.25 % 5Ha (1 to 5 yr mat*y)„J&D 6 1.00 to 2.70 % 52*8 (5 to 10 yr mat'y)_J&Dj6 2.25 52*s (after 10 years)—J&Dj6 2.70 to 2.80 % issued since Jan. 1,1913 are taxable, ail bonds to 2.50 F&A 1.10 to 2.60 .00 F&A 6 Par 4Ha Jan 1 1939-1946 Fayette County— to 2.75 6 3.10 to 2.90 6 1.00 to 2.40 1.50 1938-1956.M&S 2.75 Lacakwanna Co 4s 1944-F&A Lancaster Co 4 Ha '38-'60F&A 6 0.75 2.20 Lancaster S D 4s May 1945— 6 2.20 Lower Merion Twp 4s 1945 to 3.20 1.10 McK'p't S D 4Ha 1*8-43 M&N Mercer Co 5}*s '38-'47_-F&A 6 1.50 Norristown S D 4Ha 1943.J&J » 2.30 Philadelphia— 5s Jan 1951 J&J 114 5s June 1 1962 opt '52. J&D 5s June 1 1982 opt '52.J&D 4h»May 1948 J&J 106j 43*s Nov 1 1948 J&J 1063 to 2.50 n4Ha Highway 1952 J&D Jeanette 4 Ha to 2.60 Lakewood— 4 Ha 1938-1939 4 Ha Oct 1945 5s Park & Imp M&S 6 0.85 Harri8burg— 4s May 15 1938-1953 F&A 42is Oct 1 1939 A&O 4Hs Sewer Oct 1 1938-'47— 6 1.00 114 1938-1966Erie S D 4s 1938 to 3.10 — 103 ———— 4 Ha Sept 1 '67 opt *41 — Easton 2 J^sWater works— 4**s 1938-1960 to 2.50 6 1.00 Hamilton County— 4 Ha 1943 2.40 Phila-Camden— 4Ha gen imp 1938-43--A&O 6 1.00 Liverpool—-4s 1940-J&J Elyria 4s 1938 J&D 4 **s 1938-1952 M&S to 2.30 to Comm Bridge E as ton-Phillipsburg 4" issued prior to that^date are tax-exempt. 2.20 to 2.50 2 00 2.00 to 3.10 to 2.10 117H 3.35 3.35 108 i 6 Basis. / Flat price, n Nominal* AND MUNICIPAL BONDS STATE 98 possible for the closing day of the Quotations for all securities are as near as Ask 104 103 5 Ms Dec 3s Sept to 3.15 J&D J&D 6 1.00 A&O b 2.60 to Par Carter County— 5s funding Jan to 2.65 b 1.80 5 Ha 5s to 3.10 to 2.60 Hamilton 1938-1950 3s 1944-1951 2Hs 1938-57 «s 5 Ms to 1.25 4 Ms Bridge Knoxville— 3.50 3.50 3.60 to 2.75 7°.oo 2.75 2.80 2.80 to 2.75 % 2.25 % 2.30 % to to b 2.00 to 2.60 WPA School Loan— J&J 3s 1946-1965 % 4 Ha funding 1941 6s Fund 1938-1961 - J&D 3 90 -J&D b Par Par 2.70 3.00 to 83 4.70 to 3 .60 to 3.60 to 3.20 1.00 5s 1938-1942 M&N b 1.00 5s Funded 1938-1959—A&O 4 50 6 3.90 3.75 6 2.00 % i to 3.50 6 2.00 to 3.25 6 3.00 to 3.50 6 2.00 to 3.25 6 3.25 to 3.80 to 4.60 to 3.20 to 2.75 3s July 1 1938-1951 J&J 6 2.00 San Antonio S D 5s '56--F&A 6 3.25 to 3.25 to 3.25 3.00 to to 3.40 County— « 4Ms Oct 10'38-*69-.A&O10 5s Water Works 1942—J&J 6 3.50 4 Ms Water 1938-1968-J&J 6 3.00 Wichita Falls— 3 M % to 4 M % due 1969 to 3.75 to 4.40 86 84 96 93 UNITED 6 4.00 101 103 92 90 92 94 94 96 99 101 6 4.00 3.90 % 100 97 3.75 6 2.00 6 3.40 to 6 1.00 6 1.00 to 3.25 6 1.00 to 3.20 1953-F&A 6 3.60 3.40 A&O 6 1.00 91 UTAH —J&J 5Ms April 1 1941 4 Ms Road 1939 —J&J —J&J 4Ms July 1 1939 Ogden 4M% 1938-1945. -F&A Salt Lake City— 5s Refunding 1941 .-J&J 4s Ref 1938-1945— .A&O 4s Ref 1946-1965 .A&O Salt Lake City S D— .M&N 4s May 1 1949 Salt Lake Co 4 Ms Apr 1 1942 1.40 6 1.50 6 1.00 0.85 % 6 1.00 0.85 % 6 0.75 1.50 6 0.70 to 2.20 6 2.30 to 3.00 6 2.40 ¥2.25 6 1.75 % to 2.20 6 1.60 ■)"■ 1.65 to 2.50 '38-'48_A&0 J&D 1938-1955 M&S Montgomery Co—5s Cumber¬ 4s 1938-1954 River Bdge & to 3.25 '38-'49 J&D 1954—-J&J Water 1938-1962—J&J Water 1949 J&J 63.15 Park 1959 A&O 6 3.40 land 19 to 3.15 6 1.00 4Mb 4Mb 4Mb 4Ms pages 96 Madison County— 5s River Term STATES—See 3.75 % 98 - 4 Ms 1938-1967 -J&J M&S J&D Polk Co 5s 1938-1946 Robertson County— 3.25 VERMONT 3.00 3.25 4s Courthouse 4 Ms ctfs indebt '39-'53—J&D 4s Institu'l 1938-59 J&J b 2.00 b 2.40 1940-55 3Xs Refunding - 3 Ms State Highway— Ctfs of Indebt 1940-49-J&D b 2.40 to 3.50 % to 3.10 % % J&J 2 Ms Highway Oct 1 *45-'64— Aiken Co 4Ha 1938-1945.F&A 1957—A&C *49--M&S 1940-1951—M&S County— Fdg 1939-1958—J&J b 0.85 to 3.00 b 2.90 6 2.40 to 3.15 % to 3.25 % White County— 6 2.50 1938-48 J&D 6 0.75 4Mb Oct 1 1938-1949—A&O h 0.85 Middlebury 4s 1941 M&N 6 4.25 Rutland 4 Ms 1946-48 J&J 6 2.85 3 Ms U2.15 to 2.25 4.00 2.70 5M% Highway 1938-43.F&A to 3.00 1.50 6 1.00 to 3.10 6 1.00 to 3.25 6 1.00 to 3.25 6 1.00 to 3.00 6 5.10 4.75 Charleston-—4 Ms Jan *62. J&J 103 6 3.60 6 3.25 38 '*«x-exem)_J&J '38-78A&0 '32..July 1 6 2.25 95 Clarendon Oo— 6s May 15 '38-'40-M&N15 6 5.00 Columbia 5s Ref 1941 —M&S 6 3.30 4 Ha Water 1945 J&J 6 3.60 Greenville—5s St 1942—J&J 6 3.75 to 3.30 % 3.00 6 2.00 to 3.10 6 2.00 to 4.00 6 2.00 to 4.25 6 4.40 6 4.00 Austin— 5s 1938-1942 to 5.50 3.30 4 Ha 4 Ms 3.25 4 Ms to 3.10 6 2.25 6 2.50 to 3.25 4.00 5Ms Impt Apr 98 105 (Commonwealth) 1962 3 M % ctfs of indebt July 1' '39 2Mb Refunding 1947-'60—J&J IMS Refunding 1938-*46—J&J Albemarle Oo 5s 1948 J&J Alexandria 6s 1938-1956.A&O Arlington Co 5 Ms '38-'54 F&A Bristol 5Ms Sch 1939-53 J&J Charlottesville 5s 1962—M&S 5s Water Impt 1958-—J&J Danville— 4Mb Ref Aug 1942 F&A 4Ms July 1 1939-1950-J&J Fairfax Co 4 Ms 1945—F&A2 Henrico County— School 5s 1939-50 J&J 4 Ms June 11957 J&D Lynchburg— 4Mb Pud Impt 1939—J&J 4 Ms Pub Impt 1946—J&J 4 Ms Water 1951 J&J 4s Pub Impt 1939-1959.J&J to 3.50 to 3.50 to 3.65 6 1.75 to 3.50 to 3.60 ..M&S 6s Sept 1941 5s June 1 1938-39 J&D 1939-*40 J&J15 6 1.50 6Ms Jan 15 1943 J&J15 6 4.00 6 3.30 4MB Rural Credit 1942--J&J 4Mb Rural Credit— Due May 1 1943-'50 M&N *63.60 Ref 4s Aug 1 '43-49—F&A 100 M 99 8 Ms 1943 to 1946 F&A 96 3s Feb 1 1947 F&A 5s Jan 15 D b Basis. /Flat price. 4.25 3.25 6 3.75 3.25 6 3.00 6 3.00 to 3.25 to 3.50 2.75 % 6 3.00 6 1.00 3.25 to 3.00 6 3.50 3.00 6 3.50 6 1.50 I,50 1.00 % 6 1.50 to 3.50 % to 2.25 6 3.00 to 4.00 6 2.00 to 4.15 100 6 2.00 to 3.85 6 3.70 to 4.15 6 4.00 to 4.25 1951 F&A Impt Oct 11942--A&O Sch and Sew 1938.J&J 1938-1954 J&J 5s Water 1948 J&D 5Ms 4Ms 4Ms 4 Ms 65 4 Ms 60 65 4Mb 98 101 4 Ms 50 4Ms 4Mb — 1949 1958 July 1 1964 July 1 1941 July 1 1965— 6 2.00 to 3.25 4s 1939 to M&N 6 2.00 to 3.25 4s to 3.00 to 2.50 4s Elec to 3.25 1943 Roftuokc"" J&J 10 1951— 97 6 3.25 to 3.00 98 M to 3.50 Bridge Feb 10 1954 opt 1924 Apr 10 5s Vlad't & to 3.00 less 1 El Paso— less 1 6 4.00 % 5s W W purch 1950—A&O 6 4.00 5s Impt Aug 1 1948—F&A 4Mb 1938-1960 A&O 6 2.00 100 3.75 3.90 to 4.00 1943- Light 1942 4s 6 4.00 3.50 6 4.50 3.50 3.50 6 4.00 to 6 4.00 to 3.50 6 4.00 to 3.50 6 4.00 to 3.50 6 4.00 to 3.50 I 2.80 2.80 2.80 J&J J&J 2.25 2.80 2.40 2.25 J&J 2.40 2.40 J&J Impt May 1940 4Ms Pub Bldg 1941—M&N 4Mb Pub Bldg 1944-M&N 4 Ms April 1952 A&O 2 Ms Jan 1 1939-1958-J&J Staunton 5s 1938-58 M&S Tazewell Oo 5s 1939-46..J&J Washington County— 5s school 1939-49 J&J 4 Ms Street 6 3.50 6 3.50 6 3 50 6 3.50 6 0.50 105. 1943 at 104, 1948 at 103. 1953 at 102 and 1958 at 100. 3.00 3.00 3.00 3.00 to 2.30 3.50 6 2 50 to 6 2.50 to 3.50 to j6 2.50 97 I Optional to Jan. 1 1938 at 3.50 3.50 3.50 6 4.00 J&J J&J J&J —J&J J&J 1941 6 2.00 2 Ms 1938-1957 Dallas Co 4 Ms Apr 6 4 00 6 4.00 Richmond— M&N M&N 3.50 to 2.90 Portsmouth— 68*1938-1960 1938-45 to 61.00 M to99M 6 2.00 4M 1946-65 ---M&N 4s School 1938-1951—J&J 6 2.00 less 1 102 to 6 1.00 3.70 6s Water 1938-1959—F&A / 3.00 to 3.90 3.50 6 2 50 6 3.75 J&D 6 4.00 to 3.50 F&A 6 4.00 to 3.50 6 3.90 6 2.60 6 3.40 6 1.50 to 4M% April 1941-47— 5% Water May 1952 5% Port Terminal May '52_ 5M% School Oct 1961 Petersburg 4Mb 1952 A&O '67-F&A 4M to 2.65 to 3.40 3s Jan 1 1949-1958 6 3.40 4M» 1938-1970 6 1.50 100 6 3.00 6 1.00 b 1.50 3s Jan 1 1939-1948 60 Corpus Christ! 5s fd to 3.80 SOUTH DAKOTA *38-'40..A&0 100 100 4s street Nov 1 1941—M&N 6 4.00 Norfolk— 6 1.75 __ 10 1956-1965 4Mb 1948 4Mb Feb 1953 6 1.75 4Mb 1938-1942———M&S 5s Road Mar 151938-1957— to 3.25 6 2.00 96 Cameron County— 2.80 to 3.75 4Mb Water 1939-1965-J&J 6 3.00 2.75 5s Sept 1 1939 6 3.85 3.50 5s Nov 1 1943 6 2.00 6 2.10 3.75 Brazoria Co— to 3.15 Spartanburg— Spartanb'g Oo 4Ms,38-,47M&S Sumter Oo 6s 1939-1952--J&J York Oo 4 Ms 1939-'50—J&J J&J J&J Works 1954.M&S 5s 1938-1939 —A&O 5s 1940-1965 A&O 4Ms 1938-1970 J&J 4s 1942 opt 1922 J&D 3 Ms 1938-1952 A&O 4s 1953-1977 —A&O Marion Oo— 2.00 1939-1953 1954-1958 5s Water to 3.40 4Mb 1967 M&N Kershaw Co— 5s Highway 1938-1948-F&A 6 2.00 to 3.50 6 1939-1961 J&J J&J Beaumont— to 3.40 6 2.00 4.00 101 Abilene 5s Feb 15 '59-'65—— Amarillo 4M»'SS-'fiS-M&S 15 Greater Greenville Sewer Dist 1938-1941——M&S 3.10 125 4s Newport News— 100 6 4.25 1939-76 M&N Greenville Oo 4 Ms '40-'55_ J&J 4Ms Highw 11KJ8-1945-F&A 3 Ha water ref I 6 3.25 100 M 3 Ha Wat Works Cheraw 5s *52 opt 3.40 TEXAS 104 100 1955—M&S VIRGINIA to 3.25 6 2.00 to 3.25 % % Co 4 Ms Highway .■ Tipton County—' 4Mb Road July 2 *38-'58J&J Washington County— 5% Bug Jan 1 1954 J&J State ctfs of indebtedness 3s Jan 1 1939-1952 4M% Jail Smith 5 Ms to 2.90 M __ 5s Aud Mkt H'se % 6 1.00 6 1.00 _ F&A Ms Road 1948Shelby County— to 3.25 - 4Mb 1938-1948 .30 b 2.00 to 3.00 5Ms W W 1938-65—M&N 6 2.00 to 3.25 94 1938-1960M&S 5s Memorial Sq '38-50-M&S 4 Ms High Sch 1940 J&J 4Ms Hospital '39-'56—J&J 4 Ms 1938-1968 M&N SOUTH CAROLINA Less 1. to 3.00 6 1.30 5s Sept 1938-1959 M&S 6 2.00 5s St Impt Dist No 2 1943— 6 2.50 4 Ms 1939-1967 J&J 6 2.00 4 Ms 1938-1968 F&A 6 2.00 3.85 — 4 * to 3.00 6 2.50 Waco— 6 4.00 1952-62—A&O 4s Funding to 3.75 1947—...A&O 5s Rural Credit to 2.00 6 2.25 Tarrant 1958— 4 Ms— 4Ms—5s 1950— 5s March to 3.75 b 1.00 4Mb 6 1.50 San Antonio— 96 6s 1938-1942 to 4.25 b Refg to 3.25 F&A 6 4.00 5a 1938-1970 2.75 92 94 3°.30 b ST.00 4s 95 6 4 20 J&J 3.00 M&N 4Ha 1938-1967 Anderson to 3.25 Nashville— Woonsocket— 4s Funding 90 1 19581 19581958— Refunding 4 Ms Jan Refunding 4Ms Jan Refunding 5s Jan 1 Refunding 6s Jan 1 General Obligation General Obligation General Obligation Funding 5Ms Sept Water 4 Ms 4M% Highway 2.70 Memphis 5s July b 1.90 3.20 6 3.25 May 1 *51 M&N 2.65 & 1.00 2.25 6 1.50 6 1.50 Port Arthur— 6 3.30 Impt 1938-1946—J&D County— Knox Par to 3.25 Johnson City— to 3.50 to 3.75 to 2.50 0.75 to 3.50 0.60 to 2.30 b % to 3.25 -—M&N 3.90 2.75 County 1.00 Par - 3 90 2.80 _ Ref 1939-1948 5s Sewer 1939... 6 4.20 1.25 6 3.00 6 3.00 A&O '52M&N ..M&S to 4.50 Houston— 6 4 20 6 1.50 / 85 *39-J&J 4 Ms Apr 10 '38-'56_A&010 6 2.00 4 Ms Road Apr 10 ,38-,60-. 6 2.00 4Mb Sept 1938-1952—M&N 4Mb 1938-1957 J&J 4M Impt 1938-39(s-a)-J&J 4 Ms Impt 1940-55(s-a).J&J 4 Ms 1942-1947 2 Ms and 3s 1941-1968".J&J Ind Sch D 3s '38-'Q6..T&A Houston S D 5s Feb 1952 4 Ms 1938-1951 J&D Palestine 5s Sch Aug 1 1939, 1944, '49. *54. *59.*64 Tftplfflnti— T._ 4s Oct 1 1964 1.00 Refunding 1957-A&O 5% Bridge 1944. —_ 2~70 -J&J 4s July 1956 4s May 2 1957 4s Water 1962 1.00 6 1.25 4M % 1.00 b 6 1.25 Highway 1947—J&J 6 1.00 5% Co Memorial '38-'50J&J 78 Dyer Co ref 3M-4M» 1965 Fayette County— 4 Ms Road 1958 J&J 6 5.00 Gibson County— 6 4.75 4 Ms, 1940-1958 to 2.40 4Mb Sewer 1952——-J&D 4X8 School 1954 M&N Providence— J&D -J&J A&O ---J&J M&N2 J&D A&O J&D -J&D —F&A to 3.50 6 2.80 4 Ms Par 3.20 to 3 .25 6 2.00 — Hospital 1954 to 1.45 6"2.80 Par 6 3.30 4 Ms to 2.00 . ^ I to Harris Co— 1 1959—J&J / 84 4 Ms Road 1947 opt Davidson County— to 1.80 100 1H % Unempl Relief '38-M&S 1W% June 1 1939—-—-J&D 50.75 1H % June 1 1939-43-- -J&D b 2.00 8% Public Wks 1951-56-M&S 4s Oharit Inst 1965 M&S M&S 3.00 to 3.25 to 3.25 2.90 101M to 6 2.00 road Chattanooga— 4 Ms School 1956 4 Ms Memorial Aud to 3.20 ISLAND June 1 1938-1953— — 2.50 2.00 2.65 Cocke County— 4M« 1939-1940— -—J&J 6100M b 1.80 4Mb Impt 1940-1945---J&J \ork 414s 1938-1943—-F&A b 1.10 4Ms May 1938-1942.-M&N 4s May 15 1948 M&N 3 Ha g High sch 1954-J&D to 4.00 b 3.00 April 15 1946-47— 68 3.00 to to 3.00 J&J •38-73-M&S15 A&O to 3.25 1.25 b 2.80 J&D 4Mb 1940-1967 4Ms Jan 1 and Feb 15 1939— 4Ms Jan 1 1939 4Mb Dec 1 1939 4 Ms bridge 1944-1945 6s July 1 1943 - to 2.30 b 1.80 b 1.90 4s June 1 1977.—--—-J&D Cranston— to 4.25 2.00 5s 1938-1956 A&O Grimes County— 5Ms Road 1938-54.A&0 10 6 3.00 b2.75" 4s 1940-1955 to 2.40 b 1.75 J&J to 4.25 to 4.25 2".60 100 M J&D 1947-1948 1 1944 3 Ms Sept 1 1945 3Ms 1948 3.90s Sept 1 1955-1958 Public Works Relief— 4M% 1953 --J&D Reading 5s Impt 1943-49-J&J Schuylkill County— 4 lis 1938-1955-J&J Scranton 414s *38-'4l-—F&A 5s 1938-1950 —F&A 4s 1938 M&S Scranton School District—■ to 4.25 2.00 3 Ms Nov 1 1938-1967-M&N 1 1946 3 Ms Sept J&J 6100] 2 Ms Sch Dist 1938-62. 2 lis July 1 1938-,56--J&J 6100J 2 lis Feb 1 1939-1958-F&A b 0.£ 4s Oct 1 1954. 1 F&A F&A 4s Refunding 1941 J&J Tnd Sch D 4s *38-'A4—F& n 5s Grade Raising 1944.A&0 5s School 1938-1954.-M&S 2 Ms to 2.60 4s J&D 1 1940 less TENNESSEE 100 2.00 to 3.50 1938-1959 Jan 1 1945. 90 85 b 2.75 to 4.25 3.80 2.00 2.00 2.00 3.00 A&O —J&D 5s 1951 Galveston— 102 H 98 to 3.00 4Xb 4 Ms 1938-1971 4 Ms 1938-1964 104 H 2.15 1950 70 106 M 104 2.15 4 Ha 5s 1938-1959 60 1938-'47.M&N15 Net Ask Fort Worth— Sioux Falls S D— 104 103 4 Ms Apr 15 1939-58-A&015 4s 1938-1942 -J&J Pawtucket— 90 38-*47 J&D Stanley Co 4 Ha fd *43-*48 J&D to 3.00 5lis 85 85 Perkins Oo 4 Ha fd to 3.50 N?l?sri938-1939 80 Oo— 4Xa fund 104 M 101X 2.50 4s 1939-1966 4Ms Mar 15 6s 1938-1942 Ask Jackson 106 2.50 RHODE Bid Net To or Bid Bonds Net Bonds Ooraon Oo 5s fd 1938-*47 M&N Philadelphia (Concluded)— 4M» 1076 opt 1946 .... 4Ms Dec 17 1978 J&J 4s July 1939 _ J&J 4s July 1942 J&J 4s Jan 1 1946>---J&J 4s Feb 16 1955 —-J&J 4s Nov 1 1966 J&J 4s July 26 1972 .-.J&J 3 Ms July 1 1986 opt 1956— Philadelphia School Dist—4 Ms 1938-1943 -J&J 4 Ha 1941 1959. —-_-MAN 4Hs 1939-1956— Wilkes-Barre— Yield Basis To or To or Bid Bonds 4s 1938-1956 Pittsburgh-4MB 1938-1950 4s 1939 month preceding the date of issue Yield Basis Yield Basis 3.50 STATE AND MUNICIPAL FEB., 1938] To or Ask Bonds to 2.00 b 1.25 to 2.30 b 2.80 to 2.90 b 2.80 to 2.90 4*% Gen oblig 1938-1943J&J » Gen oblig—. 1948-50 . 1950-51 1951-52 b 2.80 % Gen oblig % Gen oblig .ark Co 5Ha *52 opt '33 A&O to 2.90 101 3.75 Refunding 6s 1953—-M&N Spokane— 4^s Park 1962 J&J 4s&4*sref 1938-51—J&J 6 2.00 3*s Ref 1943-1954 —.J&J 6 2.40 4Hb 1938-1954 M&S 6 2 00 55*s 1939-1 v)53 J&J 6 2 00 6 2.00 5s Imp—Mar 1 1938r-'42 Spokane Water Revenue— 4*s-4*s 1938-41 A&O 6 1 50 Bonds Net Ask Bid 100 H Clarksbg S D 5s *41 op '21M&S Hancock County—5s Grant to To Road Dist *46 3.25 to 3.40 99 H opt '32.M&N Huntington 5s 1944 Mercer Co 5s *44 op '24 to 2.40 100* Oct 6 3.25 3.00 100 * 100 A&015 to 3.50 Morgan town 5s 1938-48--J&J 6 1.50 Wheeling— 5s Wat Wks 1938-52 J&J 6 1 25 3.60 to 2.50 to Net Ask to 3.40 to 2 25 Tacoma—Revenues— Everett— 4*s Gen oblig wat-1938-59 b 1.50 4*s Water *39-'43 (s-a)J&J 6 2.00 4Hb EIL&P '42-'46(s-a)J&J 6 2.50 3.60 % to Revenue Bonds— 1938-45 b 1.75 to 2.50 Is Water ref—1938 39 b 1.75 6 2.25 to 2.25 Water ref js Water ref—1940-42 Bridge 1938 M&N Bridge 1939-49.M&N 6 3.00 1938-1950 M&N 6 2 50 4*sref wat 1938-'54—J&J 6 2.00 to 4.00 Eau Claire 4*s to 3.25 Green Bay— 4 Ha 1938-1947 to 3.35 6 2.00 to 3.60 to 3.60 to 3.75 4Ha 1938-1949 J&D 6 1.00 Milwaukee—5s 1938-'40—J&J 6 0.50 to 3.25 to 2.75 J&J 6 0.75 to 2.40 J&J ft 0.75 to 2.40 6 0 75 to 2.60 6 VIRGINIA Highway 1938-1946—J&J 4*8 1945-1954 J&J 4 Ha 1938-1943— J&J 4s 1939-1950 J&J 5s 6 0.50 to 2.5r 6 2.35 to 2.65 6 0.25 to 2.20 6 1.00 to 2.45 to 2.50 H'se '38-'50 M&N 15 4^s Sew Mar 12 38-'45 4^scourth'se '38-49 J&D16 Racine—4 *s 1938-*57—M&N 6s 1938 1941 F&A Racine Co 5s 1939-1940—J&J 4 Ha 1938-1950 J&J Superior 4*s Sch '38-'44_J&J Wood Co 5s 1938 A&O 4 Ha Ct to 3.50 4s J&J to 4.00 3*b 1951 and 1952 J&J 3Ha 1943-1952 J&J 3s Sept 1, 1938-1946 M&S 2*s Sept 1. 1946-1960—M&S 2 Ha Nov 1 1938-62 M&N 2*s May 1 1944-1962 1.40% July 1, 1938-'39—J&J 6 2.45 to 2.50 6 2.Uu to 2.25 6 0.50 to 2.20 6 2.20 to 2.50 6 0.50 to 2.50 to 4.60 to 4.60 6 3.00 6 3.75 3.75 to 4.50 6 3.25 to 4.50 to to 4.40 to 4.25 3Ha mun lt & jpr '38-'54A&0 6 2.75 to 4.20 8eattle School Dist No 1— 4s 1946-1950— M&N 6 3.10 to 3.30 July 1948-1952 Charleston 4 He *41 opt Charleston S D— 5s 1938-1952 to 2 00 Milwaukee County— 6 2 .50 6 2.75 A&O 4 Ha 1938-1945 4s 1938 1944 6 2.50 4s mun lt & pr'38-'53-M&N 6 2.50 3* mun It & pr '43-53 A&O 6 3.75 to 2.50 1938-1960—-M&N 6 1.00 6s W W to 3.40 6 2.40 6 4.25 to 2.50 6 1.00 to 4.00 WEST 1938-'44-J&J 6 1.00 to 3.30 Madison— 5Hs G O sewer 1939—M&N 5s Wat rev 1938-'51—J&D 6 2.00 to 3.00 Pierce County— 6 2.00 4Ha 1938-1944 Port of Seattle 5s '38-'55 M&S 6 2.00 Seattle— 6s 1938-1941 L & P-.A&O 5*s L & P 1938-43—M&N 6sLight & Pow 1942-56A&0 4 H Lt & Pr 1939-'58 M&N ? Gen oblig 4*s '38-'40-A&0 4*s 1941-1955 A&O 4 Ha 1938-1957 A&O WISCONSIN 3 00 to 3.10 Yaldma— 6 2 50 J&J to Walla Walla— to 2.50 bounty— 4 Ha Jan 1939-1955 6 2.00 6 3.00 4^sEIL&P'38-51(s-a) A&O 4s Water 1944-46-. J&J 2.00 M&S 5*s Water 1938 5s Bid or To or Bonds Net WASHINGTON flsGen Fund 1938 1940—J&J b 1.25 Yield Basis Yield Basis Yield Basis Bid 99 BONDS possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as 6 2.15 to 2.40 to 2.60 6 1.00 6 1.00 to 3.25 6 1.25 to ft 1.00 to 3.25 6 1.00 6 0.50 to 3 75 to 2.75 to 2.75 1.25 to 2.45 6 0.25 0 75 6 0 75 to 1.00 '27J&J WYOMING 100 H 1941-—A&O J&J b 1.00 to 3.60 4s Road 1951 opt Clarksburg 5sl938-1953_A&0 6 1.00 to 3.50 6 2.00 1.50 6 1.50 to 3.25 Natrona Co 8 D No 2— 5s -J&J 1938-1944 / 1 Fiat price. 6 Basis. date of Issue Quotations are as near as possible for the closing day of the month preceding the Surplus Par Capital Surplus 1936. Reserve Bid. & Sur 10 Hartford) 10 Aetna Insur (Hartf) — Aetna Life (Hartford) 10 Agricultural (Watet'n) 25 Arner Alliance (NY). 10 5 Amer Equitable (N Y) Amer Fire (Wash'ton) 100 10 Amer Home Flre(N Y) Amer Insur (Newark) Amer Reinsur (N Y)_ 10 Amer Reserve (N Y)„ 10 Amer States (Ind'nap) 25 Amer Surety (N Y)__ 10 Automobile Ins (Hartf) Baltimore Amer (Bit) Bankers & Shipp (NY) 3,000,000 12,443,233 7,500,000 19.356,455 15.000.000 18,266,430 3.000.000 6.123,209 3,000.000 4,356.634 1,000,000 6.226,166 Boston 340,779 200,000 1,000.000 I,859,397 3,343.740 16,284^614 1,000,000 6.123.138 1,000,000 2,118,887 300,000 300.000 7,500,000 5,120,993 5,000,000 6,831,284 1,500,000 2.621,129 1,000,000 2,980,159 3,000,000 15,134,403 1,000,000 2,331.872 2.000.000 5,026,399 71,005 770,437 11,483,367 1 190,142 2 024,031 761,633 5,795.443 100 (Boston) Buffalo Ins Co (Buff) 100 Camden Fire (Camden) Carolina k N O.) 5 500,000 16.583,266 7,658,984 5,040,327 1.863,963 25 66 Bit 4.167.426 16"" 12 H 32 H 22 H 400 20 644,349 I,038,021 19* 21 5 400.000 1.500,000 1,841.318 2* 2.168,299 441,318 2.492.244 18 H 4 19* Continental 10 10 83 ¥ 10 Fireman's (Wash'ton) 20 Firemans Fund (S F)_ 25 8,125,172 19.276.020 733.822 3.073.364 609,183 1,011,072 862,173 1,000,000 Fidel & Guar (Bait)— Fire Assoc of Phila 1,750.000 3,903,196 5.000,000 71.826.432 1,000,000 1,051,821 1,500,000 2,500,000 502,710 755.095 4,000.000 II,894,919 2,400,000 5,116,134 3,750,000 57,994.448 1,000,000 2,000,693 2,000,000 9,800.058 200,000 463,678 7,500,000 16,057,897 9,397,690 II,072,999 3.000.000 12.449,757 1,000,000 5,397.308 1,828,604 1,164,001 2,500,000 10,265,336 1,000,000 3,487,420 1,200,000 19.728.971 '■$> General Reinsurance. Georgia Home 9H 2 H 5.476.241 11,035,621 11.035.621 27 3H 2,000,000 3.747,992 1,000,000 110010,710 4,969,752 3,824,104 Fire & Mar 6,124,501 2,400,810 6,126,390 2.226,265 6,397,772 14,792.093 2,953,436 9,050,342 248,540 12.581,703 12.277,295 6,636,525 36 25 26 27 H 28 H 26* 11 3* 2!H 42 43 40 400,000 703,250 5 1,000,000 1.524.802 1,424,975 5 1,000,000 1,115,111 750,000 750,000 5,000,000 22,234,295 4,000,000 11,328,842 320,937 100,000 1,100,000 5,520.351 1,117.004 706,343 14,621,852 3,368,880 91,763 6.691.342 "25"" 20 1,018,205 Merchants & Mfrs Fire (Newark, N J) 10 10 2 5 — New New New 8H 9* Insurance Amsterdam 20 6 4 16 x 18 56 H 7 S8H 13 H 116* "* 112 Cas 2 1,000,000 4,000,000 5.801.131 10 1,000,000 2.447.964 1,453,466 26 10 3,000,000 9,282,912 4,314,470 41H 43* 20 1,576,168 1,000,000 1.000,000 3.208,554 2,000,000 118,000,215 1.000,000 5.932.330 1,636.245 38 H 40* 9* 10* Brunswick 27* Hampshire (Manchester, N H) (Newark, N'J) New York Fire 5 North River Ins (N Y) 2 H Northern Ins Co(NY) 12 h Northwest Fire & Mar Amer Indemnity (New York) Great Amer Ins (N Y) Halifax (Halifax. NS). Hanover Fire (N Y)Hartford Fire (Hartf) Hartford Steam Boiler (Hartford) 1,000,000 3,933,913 8,150,000 28,572,635 2,000,000 2,081,290 10 4,000,000 8,746.031 10 12,000,000 49,476.073 74 8H 26 H "75"" 9H 27 H 32* 20 22 21H Homestead Fire (Bait) !$ 36 10 1.000,000 981,327 557,769 5,387,212 2,638.603 5,132,465 771,637 115 3.721*132 15 78 22 2,000,000 1,000,000 1,000,000 1,000,000 1.000,000 550,000 700,000 Old Line Life (MUwj! 10 25 10 5 ' 119 26 H 27* 10* 866,344 230,285 256,954 1,000,000 1.381,463 6.000,000 38,182.318 3.147.575 28.502 11* 95 98* 16* ISM 10 * 102,778 3.656.717 13,182,221 !?* 33 * 74 23* 10 5 63 13 H 15* 3,000.000 7.579,972 4.273.235 28H 30* l.ooo"6o6 2,000,000 1,000,000 1,000,000 2,057,089 2,742,889 1,864,874 1.157.237 879,151 2,121.180 1,160,062 1.675.507 18* 21H 21H 19* 10 10 5% 7* 1,000,000 1,704,712 1,500,000 2,396,949 4.000,000 22,419,614 500,000 1,548,511 1,000,000 1.324,040 2,000,000 4,580,974 811,319 2,848,145 8,647.086 606.865 715,016 3.904.700 10 (New YorkL Providence - Washing¬ ton (Providence) 5 1,000,000 10 _. 3.000.000 7.955,253 14,500,000 64,598,858 1,000.000 2,965.086 193.779 4,932,000 1.000,000 1,212,966 6,765,043 44,874,929 2.129.771 52 H 54* 28 5 Rossia Ins 917.457 15 H 75,631 7* 1.000.000 2,226.143 27 23 Ar 10 5 25 _ (Ha St Paul F & M 29 H 39 H 422,519 6 2 Republic (Dallas) Rochester "80"" ■ 65* 2 1,691,588 Phoenix Ins (Hartf)-, Preferred Accident 10 5 22 H 29 H 35 76 2.751,917 10 (Rochester) 9 22 H 100,000 512,461 8,255.807 Phila Life (Phila) Phila Nat (Phila) 13 10 10 25 5,000,000 14.253.397 11.322,935 500.000 5 1.091,638 1,155 100 4,000,000 100 20.000,000 18,118,207 652,938,688 (Springfield, 3 2 1,000,000 2.147.255 2,145,325 2 f 17 2,000,000 7.329.395 2,000,000 23,248,606 2.000,000 5.227.916 400,000 1,863,501 13.732.443 9.315.899 2.569.525 406,512 1,000,000 1.308.763 649.639 375,000 1,000,000 11.613.091 400,000 876,396 592,908 20,527.486 5.281,108 31,476 25 28 5H 6* 185 195 8 10 20 28 H 4 30 107 104 * Am 410 460 405 415 6* 7* U S Fidelity & Guar¬ Importers & Exporters (New York) 8H anty (Baltimore)—. H S Fire (New York). Insurance Co of State 10 • 1,920,780 27 29 10 12,000,000 65.872.181 (Philadelphia) Kansas City Life (Kan¬ sas City, Mo) 100 1.000,000 9.478,93* 4 U S Guarantee Co„. 10 8 Unlver Ins (Newark). Insur Co of Nor Amer 20.087,097 57 H 390 59 H 440 Virginia F & M (Rich¬ mond) ?5 . 5 ;2a • t Consists of 8525,000 1st preferred. 8563,413 2d preferred, and 875.000 junior merged in 1930 with American Reserve Ins. Co. % Ex-dividend. 11 74 25 22* 200,000 10 10 10 No par value, 5,809,845 4,319,050 (Minneapolis) 10 568,614 4,548,418 31,155,533 10 Home (New York)—. Home F & M (S F)_— Home Fire Security— (Philadelphia 2,066,520 (Milwaukee) 37 100 102 * 28 H 30 30 34 57 60 28 2,073,384 tl.163.414 2d preferred * short 117 750,000 10 Falls Insurance (Glens Falls. N Y). Globe & Republic Globe & Rut gers Fire. of Pa 1,823,101 144,035 225,577 10 Flremens Ins (Newark) Franklin Fire (Phila)- Gr *4'$ 3.127.599 t36,eto 6,064.272 171.396.914 2.432,617 19,533,628 500,000 (Hammond, Ind). Y) 2 H Eagle Fire (Newark). EmployersRe-ins(KQ) Excess Ins (N Y) 10 Federal Ins (Jer City' Fidelity & Dep (Bait) 20 Fidelity-Phenix (NY) Glens 2,000,000 6,000,000 1,000.000 Casualty Continental Ins (N Gibraltar Per New Jersey Insuranc 100 Conn Gen Life (Hartf) Continental Assurance 2.799,143 ft* (New York) \pref Merch Fire (Denver). (New Brnns, N Columbian Nat'l Life (Boston) Merch Fire Assur /com (Providence) National Cas (Detroit) National Fire (Hartf)Nat'l Liberty JN Y)„ Nat'l Union (Wash) Nat Union Fire (Pitts) 595 4,347,850 2,101.956 4,973,696 5,476,241 1 Maryland Casualty.. Mass Bonding & Ins 12 'i (Boston) Merchants 27 6H 78 2.799.143 Ask. Bid. Reserve 2,583.255 10 39 8.192.322 2,373.440 2,947.936 1,000,000 210,000 5 (Phila)—-J- 30 Central States Life (St 10 % 5 (Baltimore) 10 $ 8 Knickerbocker (N Y) Lincoln Fire (N Y) Manufacturers Cas'ty (Wilmington Louis) City of New York (NY) $ Par Ask. 87 45 13,240,995 2ft Premiiitu Capital Premium share Aetna Casualty Vnearrttt Dec. 31, 1936 Unearned Dec. 31, 'i 11B 46 9H 14 50* 48* 11* 11 12* 28 H 15 30 17 • preferred stock. 1 Policy reserve, a Company was Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) as near as ■ales. and are denotes ,/:t , Figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬ tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are required. For the Clearing House banks of New York, deposits are taken from the latest weekly statement. National Banks Dec. 31 State Institutions ALABAMA Capital Surplus & Profits National Banks Dec. 31 Dec. 31 CALIFORNIA Cross Deposits Par Ask Bid Capital Surplus & Profits State Institutions Dec. 31 Cross Par Deposits Birmingham— % % 125,000 Bank for Savi.ATrts. Per 82,264 Common 809,303 500.000 Preferred i 81,700 125.000 Preferred — 1.194,217 Jl,204,223 55,325,898 25 5,000,000 12,714,212 102,652,885 1,000.000 Preferred 41 39 Sayings 375.000 1,000,000 1,000,000 247,684 1,345,436 1,508,258 2,458,209 21,277,872 19,225,283 70 100 20 300,000 1,000.000 227,113 725,378 3.879,883 16,667,317 10 100,000 50,000 First Nat Bank 84,956 cent J 25 22 X 25)$ 125 Oltlsens Nat Trust A 25 100 25ft 28 H 373 H 420 104 J* 115 a 20 5,000,000 /4,240,000 114,158,323 5,171,625 119.060,638 3,000,000 Bank Farmers A Mer. NatAmer Nat BkATr Co 0 sa les Secur-First Nat Bk— Common 24,000,000 114500000 575,323,504 Preferred 9,500,000 Mobile— Merchants Nat Bk.. share N re California Bank— Common 2,500,000 6,750.000 Per 100 50 15,564,079 2,907,189 Los Angeles— a50 20 100 First National Bk— Common ■ 486,590 201,354 $ Farm A Merch Bank. 1,000,000 Western Tr A Say Bk d 223.000 25,486,575 1100 al,807,200 Industrial Say Bank. d Long Beaoh— share. 50 1,203,973 Blrm'ham Tr A Say Ask Bid Nominal Nomi nal. 2.045.893 47 H 2,500,000 57 H 60 12 12H 14)4 Bank of Commerce.. Central Bkof Oakland Farmers A Mer Say. 2,627.842 40,259,097 100 325,750 2,000,000 Union Bank A Trust. 69,933 1,590,986 241,414 1,353,414 44,352,396 10,464,689 50 100 Oakland— MontgomeryAlabama Nat Bank. First Nat Bank Union Bk & Tr Co— Common 14 300,000 100 Pasadena— - 300.000 546,372 6.094.825 100 722.217 15,061,762 J25 37,589 297,038 1,817,337 3,754.896 965,000 50.000 246,500 145,000 1,307,848 150,851 125,172 68,415 32,672,769 1,656,649 5,831,311 1,455,369 100 100 100 N o re cent 100 sa dl75,000 120,484 3,257,796 100 First Nat T A 8 Bk. dl.500,000 Preferred.. 432,756 Citizens Ooml Tr A S First Tr A Sav Bk— Common 100 Pasadena-First N Bk 350.000 650,000 150,000 25 Security Nat Bank- 300,000 Preferred Belma— 206,826 80,768 218,609 115,715 400,000 dl20,000 200,000 d350.000 City National Bank People's Bk Ac Tr Co. Selma National Bank Belma Tr Be Say Bank 2,653,630 1,482,118 1,901,916 1,576,866 45 50 125 20 '260" 100 100 Sacramento— Capital Nat Bank... 100 Citizens Bk of SacraMerchants Nat Bank Sumitomo Bk of Cal. SanBernardino— American Nat Bank. San San National Banks Dieg Security Tr A Sav Bk United States Nat Bk d Per Miners A Merch Bk. 250.000 197,583 4,245,884 share 100 Phoenix— First Nat Bkof Ariz. Phoenix Sav Bk A Tr 650,000 247,500 837,075 154,689 15,743,925 t 20 4,117,901 t 25 N Preferred 600,000 1.227.600 ... J 689.587 250.000 394,007 37,268,837 {OH 0 re cent sa Valley Nat BankCommon 200,000 Preferred Nomi nal. Blsbee— les 8,549,364 100 125 135 20 17 186 190 )25 100 The San Fran Bank. Pacific Nat Bank Wells Fargo Bank A 6,000,000 1,000,000 80 12!i 100 100 100 100 8,670,747 157,209,122 1000 377,752 8,801,471 100 9,000,000 8,574,877 212,997,854 1,000.000 f 4,168.370 295,730 Common........ Preferred. ...... 7,500,000 16,693,475 265,508,089 7,500,000 _ San JoseFirst National Bank. "r '• i ■*: : .■ ' 600,000 Nom inal. Per share. Fort Smith— 3,091,383 7,176,366 9,809,075 100 100 25 100 843,095 {» Common Preferred .... W B Worthen Co... 300.000 200.000 100.000 438,675 102,769 40,175 300.000 I Peoples Nat'l Bank. Twin City Bank Union Nat Bank— 320,216 8,696,832 3,702,598 1,175,435 20 185.500 327,496 101,254 25 9.860.616 J 20 I 20 50 14.552,054 o re cent sa les 200,260 Stockton— First National Bank. Stockton SAL Bank Union Safe Dep Bk. 200,000 1,000.000 375.000 522,118 954,000 123,798 4,659,611 11,312,761 2,668,401 Simmons Nat Bank. 2,193,726 1100 Savings deposits, March k . i "* V " ■*: . * „ r 4 12,536,139 100 100 100 100 J140 N o re cent sa les d Common and preferred stock outstanding, 4,1936.J 325 , Quotations for the San Diego First National Co., which controls 97% Calif. of the stock of the First National Trust A Savings Bank of San Diego, p 4 29 39$f b The First National Bank of Hynes, Calif., was absorbed by the Bank 1 Last sale price, '■* -r' : 28 ZSH a Outstanding preferred stock consists of $1,107,200 1st pref. of $20 par value and retirabie at $50 a share, and $700,000 of 2nd pref. stock, i * < 0 tlOO 855,680 300 285 Sale price. /June 30,1937. 64.766 152 10,937,053 (100 1100 e Pine Bluff- 50,000 I 50.000 400,000 194 190 37*5"" 315 12.000 13,000 120 &$?nal Trust & Savings AfiSOCiation-San Franclsco-0aUf- Nat B of Oemmerce. Preferred. 44X 1,618,702 12K 564,700 435,300 e Common 41H t Controlled by the Trausamerlca Corp, of San Francisco, Calif. 25 N d672,000 18 100 10.898,194 dl45,000 • Little BookCommercial Nat'l Bk 125 First National Bk— ... 83,430 526,698 549,424 "85"" • Santa AnaCommercial Nat Bk. ARKANSAS 299.000 500,000 500,000 102 p Common. Preferred ........ City National BankFirst National Bank. Merchants Nat Bank 100 American Tr Co- -••.V National Bank* 8,185,898 3,132,443 San Francisco— Anglo California National Bank 15,400,000 5,453,974 207,518,597 Bank of Calif. N A— 6.800.000 8,348,186 108,797,395 Bank of Amer Nat Tr 6 A Savs Assoc 50,000.000 59,104.963 1357378756 Bank of America.... 1.500.000 /2,217,422 18,854,965 Bank of Canton 2,434,457 500,000 f 125,000 Bank of Montreal 4,427,350 1,000,000 / 191,883 Canadian Bk of Com 1.300,000 459,011 19,023,023 Crocker First Nat Bk 6,000,000 7,969,105 129,105,628 Yokohama Specie Bk 100 12,820,736 (25 ! Union Trust Co TucsonSea Arizona Bk A Tr <725 155,564 45,249 250.000 495,000 0OO.UUU Slate PnstiUUions ARIZONA 4H 3)4 25,230,424 815,359 Diego Tr A 8 B Common Par value 100 n yen. New stock. v. BANKS FEB., 1938] ' See CANADA 1^Page AND TKUST National Banks Dec. 31 \ 111;1 DELAWARE Capital Gross Deposits Par Bid Ask Nomi nal. Per share. Equitable Trust Co. Security Trust Co... Wilmington ^ Co . 5(M)00 100.000 84.500 300.000 300.000 Common Preferred class A.. Eichange Nat Bank. First National Bank. 132,810 79,952 317,587 378,014 Bid Par 1,772,593 Per $ Central Nat Bank. Farmers' Bank Industrial Trust Co. Union Nat Bank Delaware Trust Co.. .. Colorado Spgs.— Colorado Sav Bank.. Colorado Spga Nat B Gross Deposits Ask Nomi nal, Wilmington— Surplus & Profits \ Surplus & Profits State Dec. 31 Institutions State Institutions Dec. 31 COLORADO Capital 101 COMPANIES 303,306 210,000 500.000 3,630.431 625,000 c 975,063 708,373 203,175 788,264 1,000,000 1,500.000 2,707,492 951,210 672,600 4,000.000 11,792,602 2,592,116 18,782,972 2,351,961 3,700,629 10,053,191 18,168,119 9,109,898 75,985,801 100 50 25 110 300 39 75 25 share• 41 80 160 100 25 68 150 225 60 50 '71* 160 235 100 2,474,004 (100 1100 6,782,188 100 10,197,765 100 National Banks DIST.OF COLOMBIA Dec. 31 Other Institutions Dec. 31 Denver— American Nat Bk— Common......— Preferred........ Central Sav Bk&Tr Colorado Nat Bank 300.000 1 150.000 350.000 a Preferred Colorado State Bank Denver Nat Bank— First National Bank. National City Bank. Union National Bk U S National Bank.. International Tr Co. 96,816 5,158.875 1,708,775 100 60 31,211,734 54,167,500 100 1,133,537 704,783 "lOO 24,326,856 100 17,133,332 100 100 60.000 1.260,000 1.500.000 a 100.000 a 100,000 550.000 500.000 N o re cent sa les a Liberty Nat Bank Lincoln Nat Bank— McLachlen BkgOorp Nat Bank of Wash. Nat Capital Bank— Nat Metropol Bank. Common Preferred 1,076,093 138,274 500.000 30.000 100.000 200,000 ... ! 52,496 20.807,727 2,081,717 Second Nat Bank Secur Sav A Com Bk Amer Secur A Tr Co. Nat Sav A Tr Co- 100 100 5,292,985 (100 1100 Common Income debentures Munsey Trust Co Union Trust Co.... Wash Loan A Tr Co. CONNECTICUT Nomi nal. Per share. ' 600.000 —— 301,020 1,615,838 26,285,786 ,7& 25 60 38 First National Bank. Glastonbury Bk A Tr Hartford Nat Bk A T Industrial Bank Phoenix St Bk A Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co— Riverside Trust Co _ . Slmsbury Bk & Tr Co 205,137 986,868 921,194 124,000, 4,246,745 198,762 1,994,552 137,274 4,334,129 150,393 196,687 111,243 50,000 1 50,000 600,000 200,000 100,000 Preferred... Travelers Bk A Tr Co West Hartford Tr Co Windsor Trust Co— Meriden— Home National Bank Meriden Nat Bank.. Meriden Tr A S D Co Puritan Bk A Tr Co. Mew Haven— Amer Bank A Tr Co First Nat Bk A Tr Co 500,000 150.000 100,000 160.000 45 50 25 23 80 100 50 10 450 110 130* '"26" "28" OrlandoFirst Nat BankCommon!..... Preferred Florida Bank— 100 25 25 25 25 275" 290" a ""67"" 249,200 219.338 993,357 504,000 920.000 800,000 750,000 Preferred Un A N Haven Tr Co .... Mew LondonNat Bk of Commerce New London City 100 25 i65~" 2,573,999 100 27.418,887 50 45 100 10 Fidelity TitleATr Co Stamford Trust Co.. Common.... Preferred .. Colonial Trust Co... Waterbury Trust Co 100 78 100 240 State Institutions Dec. 31 41,463,208 20,592,779 29,738,090 10 100 180 25 22 1,618,029 25 1,453,089 27,989,076 111,144 6,406,651 1,856,679 100 100 "isd 463,926 12,008,223 100 200 9 mmmmm 130 120 1U0 (100 100 • 35 400.000 200,000 448,598 146,874 5,075,945 3,271,200 100 100 50.000 200,000 26,091 40,805 1,007,779 1,856,576 100 Io5" 200.000 255,813 7,049,737 25 ..... 100,000 1,250,000 32,233 455,195 882,103 166,726 760,457 13,222,365 15,067,464 1,584,097 100 185 110 al .306,000 500,000 100 105 115 100 o 2,529,466 1,574,688 885,935 50 re cent 100 100 sa 650.00C 200.000 316,708 2,828,165 1,655,393 100 1.000.000 200.000 700.000 1,305,472 11,392,253 5,285,933 9,612,620 100 100 100 25 d 200,000 100 70 165 108 100 70 ...... lUi) 56,436 c 1,307.627 100 219,859 6,603,246 100 les 19 110 120 150 165 , • 1.000.000 300.000 230,700 [2,740,464 178.668 5,086.480 f 25 [ 32 7,569,831 100 3,752,161 100 "155" 20 32 300 100 mm —mm Dec. 31 Nomi nal. Per share 647,000 78,616,280 86,003,991 100 29,523,032 100 mmmmm 16 17 30 31 225 250 tio 10 100 3,339,797 21,651,656 100 100 •mmmmrn m m m. wrnmm 650 Sale price, Includes preferred stock or debentures outstanding. b Retirement price. 120 90 mmmmm t Branch of Savannah. a 100 120"" Institutions State GEORGIA 105,000 200,000 3.048,922 Cltls A So Nat Bank. r5.000.000 5.400.000 4.510,008 First Nat Bank Fulton Nat Bank— 1,000.000 I 930,547 Common... 475000 Preferred. 210,979 Ga Sav Bk A Tr Co.. a 997,500 Trust Co of Georgia. s2.000.000 2,551,825 American Sav Bank. 4,125,319 250.000 264,000 200 125 100 Atlanta- 1100 11,678,395 mmmmm 82 135 91,260 198,313 48,672 672.844 130 25 5,058,015 ( 20 I 20 5,242,540 100 National Banks Dec. 31 125 62 486,985 600,000 155 100 40 545 125" 3,082,095 701.753 1,085,453 10 "so"" ~ 165" c June 30,1937. d Member of the e Waterbury— Oltls A MfrsNat Bk Waterbury Nat Bk— 95 95 260 100 110 37 Stamford— First-Stamford Nst'l Bank A Trust Co. 250 80 {100 5,312,376 10,505,463 23,274,180 81,405 557,610 71,635 287,044 54,688 100,000 57 78 148,433 228 17,233.956 "63" 0 St. PetersburgFlorida Nat Bank *15"" N a 175 250 196,996 0 First National Bank First Sav A Tr Co 21 10 50 50 : 243 j 187,662 American Nat Bank. 71" 20 16 175 9,521,469 12,907,134 347,952 300,000 270,000 100 120.000 68.000 100,000 Tampa— Broadway Nat I Exchange Nat Bank. 852,501 888,846 300.000 National Bank Union Bk A Tr Co.. 101 53 142 25 5,781 14,716,668 310 60 100 5100 170.000 I, 64,972 180,000 .458.700 1,053,512 Common 283 1100 7,968,205 7,197,612 50,377.122 8t. Augustine— 100 1/100 150 100 5,580.770 1,660,443 1.399.285 95,059,922 (100 138,526 100,000 60 25 25 25 756,000 New Haven Bk NBA Seoond Nat Bank Tradesmen's Nat Bk Norwich— Thames Bk A Tr Uacas-Merch Nat Bk 361,787 77,712 109,768 47,488 145 266 Pensacola— 845,657 I 25 10,241,117 3.201.734 1.480,266 225 h 100 1100 774,975 243,500 127,282 29K 160 240 28 lantlc Nat Bank.. Common........ Prior preferred... Oonv preferred Wlnthrop Trust Co.. 46,389 2614 150 176 75 130 125 Nomi nal Per share So End Bk & Tr Co— Common.. 230 20 100 100 50 100 100 100 1,039,275 1,274,299 877,582 Miami— Amer Bk A Tr Co... 200,000 First National Bank 1,200,000 First Trust Co. 100,000 Florida Nat Bk A Tr 0 400.000 Little River Bk A T 100.000 Miami Beach First 300,000 National Bank hoo 1,480,485 ( 25 2,926,372 7,159,643 16,038,536 1,654,146 64,553,138 287,261 35,601,681 1,767,103 42,197,574 3,092,602 3,111,700 1,882,887 16 200 Lakeland- lioo 300,000 150,000 1.150.000 100.000 4.000.000 100,000 1.600,000 100.000 4.000.000 100,000 250.000 125,000 10 100 100 100 Hartford— Capitol Nat Bk A Tr Conn River Bkg Co. 150 70 40 lioo 208,696 100 Jacksonville— Florida Nat Bank— 0 1,482.657 1,752,006 8,072,213 4,548,574 3,072,523 22,386,408 7,358,052 9,458,960 4,797,013 9,928,059 2,488,530 27,597,353 FLORIDA Florida Nat Bank— 91.500.000 f 25 50,534 1,000.000 II,887,390 500.000 2,000,000 1,223,710 2.000,000 1,073,429 1.000.000 2,394,987 Atlantic Nat Bank-. 43,000,000 Barnett N B of Jack 1.500.000 11 21,145,775 111.002 1,238.701 , 1.485,000 Preferred Black Bock Bk A Tr. a 100.000 2,200,000 Brldgep't City Tr Co North End Bk & Tr 25.000 Common. — 125,000 1st preferred..... 25,000 2nd preferred West Side Bank— 165,000 Common........ 99,500 Preferred—...— 3,000,000 14,712,073 1.317.500 383,721 U572.500 287,850 a588,000 3.400.000 4,682,465 National Banks Dec. 31 Bridgeport— first N at Bk & Tr Co Common 250,000 100,000 1.000,000 500,000 400.000 a 345.000 cl.050.000 200,000 800,000 72,551 299,047 535,360 255,086 ; 844,525 330,000 800,000 209,110 638,028 196,634 I.733,090 Rlgga National Bank Common......... Preferred........ Pueblo— First National Bank Minnequa Bank Pueblo Sav ft Tr Co 145,000 490.000 a City Bank Columbia Nat Bank. Bank of Oomm A Sav Hamilton Nat Bank. (100 110,920 1,629,587 2,515,450 37,958 22,586 2,182,498 1,665,795 Anacostia Bank..... 100 37,701,122 Nomi nal. Per share. Washington— I 50 800.000 ... . 8,209,042 / 60 1.513,081 1.000.000 Common 442.726 g Atlantic Group in Florida. Affiliate of the First National Bank of Atlanta, Ga. Member of the Florida National Group. the Barnett National Bank of Jacksonville, Fla. h Affiliated with k New stock. , I Last sale. r Combined statement. t Trust x y funds Ex-dividend. Stock all owned by Travelers Insurance Co. I' 700 102 BAMS National Banks Dec. 31 GEORGIA Surplus & Profits Capital AND TRUST State Institutions COMPANIES National Banks Dec. 31 Dec. 31 Institutions State ILLINOIS Dec. 31 Gross Par Deposits Bid Gross Surplus & Profits Ask Capital Bid Par Deposits Nomt nal. Augusta— $ 478,246 3,048,922 146,198 750,000 Oltiz A So Nat Bank. f5.000.000 Nat Exchange Bank. « 400,000 Columbus— Columbus Bk A Tr__ e 8,629,097 78,616,280 3,024,412 100 173 tio 16 790,796 108,714 144,000 45,951 326,694 $ Georgia RR Bk A Tr 6,887,730 1,617,373 1,967,920 1,169,055 2,480,843 100 850.000 200.000 300.000 First Nat Bk of ColFourth Nat Bank Home Savings Bank. Merch A Mech Bank 75,000 200,000 Per share. 177 17 100 90 Elgin— N 0 100 re cent* 105 sa les 600,000 Com Mer Nat BkATr 2,000,000 First National Bank. 660,000 Jefferson Tr ASav Bk Common 100 1,479,709 7,984,676 1,707,866 774,789 922,310 1,450,130 10,024,587 22,908,480 15,070,260 122,084 2,392,120 90,400 1,378,500 ^I5o 677,197 100 40 3,556,847 rioo 40 200,000 1 90,000 150.000 Capital notes..... South Side Tr A Sav B 78,616,280 1,343,000 6,426,602 share. 100 100 89,441 647,964 162,655 100 Peoria— Cent Nat Bk A Tr Co 100 Macon— 3,048,922 74,600 218.509 Per $ $ * 100,000 300,000 100.000 Elgin Nat'l Bank... First Nat'l Bank Union Nat'l Bank... ..... Oltiz A So Nat Bank. rs.ooo.ooo City Bank A Tr Co.. 110,000 First Nat BkATr Co r 600,000 Ask Nomi nal 16 tio N 50 20 o rec ent 20 sa les 17 100 100 10 Quincy— B'dway Bk of Quincy 111 State Bk of Quincy 50 100,000 20,353 57,457 Debentures Mercantile Tr A 8 Bk 200,000 199,000 200.000 100 120" 100,000 50.000 297.000 744,024 654,875 1,574,318 100 100 100 40 State St Bk A Tr Co. 159,001 44,416 17,681 92,809 5,668,040 Peoples Bk of Quincy S'thSideBk of Quincy 200,000 250,000 500.000 356,536 151,262 270,417 9,657,962 5,326,704 8,395,135 100 First National Bank. Illinois Nat Bank- 500.000 493,336 11,018,137 1C0 150 165 Common........ 150,000 50,000 500,000 272,158 5,395,500 r so l 50 11,406,957 100 110 125 Common Savannah— Oltiz A So Nat Bank- f5.000.000 Liberty Nat Bk A Tr Savannah Bk A Tr__ < Citizens Bk A Tr Co Common 78,616,280 4,132,163 3,880,078 100 90,318 1,402,223 16 17 100 200,000 1 142,000 Debentures 10 5 3,048,922 156,842 232,174 500,000 675,000 "~50" "50"" 130 50 40 Bockford— Illinois Natl Bk A Tr Co Swedish-Am Nat Bk. i Third Nat'l Bank National Banks Dec. 31 IDAHO Springfield— State Institutions Dec. 31 Nomi nal. Boise City— Ida 1st NatBk ofBoise tummon 600,000 I 502,283 600,000 <1,138,000 cl ,509,311 126.000 48,077 ... ♦'referred Per __ First Security Bank. Boise Trust Co 22.604,428 100 N 26,762,918 82,433 100 sa share. Preferred Springfield MarineBk ILLINOIS 145" '125* 100 re cent les INDIANA Dec. 31 Dec. 31 366,741 o National Banks National Banks 5 40 institutions State Dec. 31 State Institutions Dec. 31 Nomi rial. Nomi nal. Per share. AuroraAurora Nat Bank 160.000 Merchants Nat Bank 300.000 Old Second Nat Bank 388,500 Kvansville— 500,000 100.000 169,900 100 N o Citizens Tr A Sav Bk 100 re cent Franklin Bk A Tr Co 128,937 221,580 84,554 3,261,265 4,980,006 3,179,301 2,786,964 1,145,785 2,499,224 4,159,925 2,459,004 100 3,072,528 100 100 les Indiana Tr & Sav Bk- 150,000 Belleville Nat Bank. 100.000 Belleville Savs Bank. First National Bank. 300.000 200.000 St. Clair Nat Bank— 150.000 73,833 40,661 226,368 256,759 173.540 200.000 71,131 National City Bank. North Side Bank 100 100 100 100 30 250 100 125 Old National Bank— Common.. ChicagoAetna State Austin State Bank.. Beverly State Sav Bk ess 200.000 100,000 300,000 4.000.00U Central Nat Bank City Nat Bk A Tr Co Oont 111 N B A Tr Co 100 share. 225 100 160 100 100 100 100 100 150 110 100 100 100 110 14,126,691 1100 125 150 1100 100 101 881,036 12,023,216 1,641,863 1,500,000 609,130 19,299,240 160 8,132,065 1,200,000 175 110 110 Preferred Peoples Savings Bk.. Lincoln Nat Bk A Tr of orga nization 1,044,227 52,350,466 110,716 4,517,040 71,204 2,306,504 145,571 6,197,144 2,704,864 118,345,922 100 160 180 40 30 35 100 10 100 80 90 14 18 130 140 88 90 ..... ^31621019 ... 436,418 44,669 1006694791 I33i> I33ia 1,502,267 2,176,637 a 33*3 100 Preferred . 275,000 I 305,928 325.000 300,000 339,139 1.000,000 1,549,959 Madison-Crawford Natl Bank Main State Bank— MerchandlseNat'lBk Merchants Nat Bk.. 200,000 200,000 Metrop State Bank. Mid-City Nat Bank Milwaukee A v N't Bk < . - Mutual Nat Bk of Ch g Nat'l Builders Bank. < Nat'l Boulevard Bk. < Oak Park TrASav Bk 600.000 200,000 200,000 400,000 200,000 300.000 500.000 600.000 200,000 200,000 500.000 Personal Ln A Sav Bk 2,000.000 Pioneer Tr A Sav Bk < 750.000 Sears-Com State Bk. 200.000 Security Bk of Chic 700.000 Skala State Bank 200.000 South East Nat Bank 200.000 State Bk of Clearing. 120,000 200,000 299,500 300,000 300.000 Terminal Nat Bank. Unlv St Bk of Chic.. i Upper Ave Nat'l Bk Uptown State Bank. West 31st State Bk.. 100,000 Western Stj,te Bank. Amalg Tr it Sav Bk. 4 ttanco di Napoli Tr Ohlc City Bk A Tr. Drovers Tr A Sav Bk 200.000 400,000 300,000 800.000 4 113,745 162,187 744,612 89,856 91,599 63,564 66,583 211,792 232,519 450,000 164,070 45,960 316,590 1,541,158 1,029,565 223,700 221,629 59,336 103,881 34,810 328,846 300,067 241,683 178,375 24,787 157,152 327,028 126,402 992,801 412,941 65,012 550,000 200.000 6,000,000 10,438,016 Lake Shore Tr A S Bk 4 796,000 275,157 Lakevlew Tr A 8 Bk. 600.000 1,266,260 Mercantile Tr A Sav. 600,000 451,963 Northern Trust Co.. 3,000,000 9,795,529 Pullman Tr A Sav Bk 300.000 329,632 East Side TrASav Bk Harris Tr A Sav Bk. cent sa les 20 1,088,583 11,695,873 21 12,192,883 2.084,117 100 Gary< Gary State Bank Gary Tr A Sav Bk.. < 500.000 751,461 20,707 275,000 Common 28 155 165 32 205 209 170 180 120 125 35 45 12,442,037 11,851,901 24,191,368 10 15 20 100 190 205 20 57 61 Uo 1,000.000 11,074,726 31.835,762 875,000 107,311 1.921,976 5,528,908 110,545,154 189,164 1,334,870 17,320 841,828 Marion Co State Bk. < 65.000 9,233 468,197 Merchants' Nat Bk. 1,250,000 2,190,668 28,997,374 35,957 People's State Bank. i 300.000 2,167,383 Bankers Trust Co 500,000 549,083 3,158,175 158,794 Fidelity Trust Co... i 284.500 3,827,832 Class A preferred. Fountain Sq State Bk 100.000 Indiana Nat Bank.. 3,000,000 Live Stock Exch Bk. 1 200.000 Madison Ave St Bk 50,000 100 105 95 100 3,695,824 6,055,699 18,778,322 5,109,261 3,241,219 11,347,982 5,015,557 8,933,842 5,665,600 16,118,398 7,520,680 3,555,541 7,947,062 6,607,527 16,818,042 8.297.859 100 15 13 j alO 100 100 100 "325'" 340" 142 128 100 100 "235" 100 100 245 - - mm "53 " 100 100 157 Fletcher Trust Co— Common. ....... Debentures 1,500,000 I 900,000 Indiana Trust Co... ... National Security Bk North Shore Nat Bk Debentures People's Tr A Sav Co re 20 American Nat Bank bawndale Nat Bank Liberty Nat'l Bank 200.000 1 1,489 50,000 1,096,485 300,000 ..... o 20 Indianapolis— 100,000 I 61,666 2.932.858 f 20 100,000 \ 30 40 4 447,500 138,077 6,813,294 1.000,000 936,790 26,141,897 100 First National Bank 30.000.000 33,899,062 870,994,243 100 First Nat Englewood 200.0UU 763,152 5,710,051 100 Hals ted Exch N at Bk 200,000 195,873 6,358,812 100 Hamilton State Bk— 200.000 44,672 2,010,415 100 I-O National Bank.. < 10 200,000 60,008 2,500,391 Kaspar Am State Bk 250,000 69,728 2,460,378 ..... Preferred Drexel State Bank Drovers Nat Bank.. live Stock Nat Bank J 397,278 i I 15,450,512 100 District Nat Bank— Common........ 400,000 420,000 Preferred Dime Trust A Sav Bk Common 20 N Ft Wayne Nat Bank Common h 50,000,000 Preferred 25,000.000 Oont Nat Bk A T Co 1,500,000 Cosmopollt'n Nat Bk < 250,000 Common 200 Fort Wayne— Bank.. Albany Park Natl Bk In proc of Chicago ... Am Nat Bk A Tr Co- <1,600.000 Common 337,916 100 13,745,726 1,214,815 1,377,684 1,101,000 500.000 500,000 Mutual .... 260 150 783,081 180,179 32,484 35,000 38,007 617,865 28,082 147,000 100,000 500,000 199,500 Bank Lamasco Belleville— Belleville Bk A Tr Co Per Citizens' Nat Bank.. 145 150 100 80 90 100 185 1,000,000 Security Trust Co... < 399,200 Union Trust Co.. 1,000.000 168 893,623 36,420,677 100 1,240,262 205,817 2,322,867 15.535.007 160 'I72" 255" 3,631,744 20,166,050 100 70 100 330 2,877,499 1,509,854 10,137,279 10 100 100 4.289,353 100 2,806,542 100 mm - — 195 South Bend— 100 100 '~95~ 155" 100 80 90 20 25 100 50 120 30 130 100 170 60 70 180 100 100 25 140.673 250.000 250,000 799,000 250,000 900.000 St Joseph L A Tr Co 152,891 254,070 188,114 16,709 N 80 140 90 148 165 27 Common Preferred Terre Haute "32" 250,000 250.000 500,000 380,000 848,399 5,266,003 cent les 100 LlOO First Nat Bank— Common Preferred 124 115,285 0 re sa Merchants NatBk.. 100 31,849 2,868,037 100 6,417,327 100 2,493,570 100 20 6,560,689 5,836,835 100 6,505,426 100 7.405.659 100 675,985 100 3,047,239 100 7.663.660 10(1 5,617,522 100 50 21,800,551 10,857,375 100 985,575 210,118,022 100 50 12,090,864 26,409,159 100 17,246,199 100 313,543,614 100 8.696,776 100 City Nat Bank.. Citizens Tr A Sav Bk First Bank A Tr Co. Merchants Nat Bank Terrs Haute— 100 15 50 360 .... .... 16,201,651 20 10 134 "24" "27" 75 190 85 205 ♦ Sale price, t Branch of Savannah. a c Preferred stock retirement price. June 30, 1937. d New stock. V 'I ■ r.. Affiliate of the First National Bank of Atlanta, Ga. Stockholders of the Mutual National Bank of Chicago, 111., were to vol a Plan t0 increase the bank's capital stock from $300, OC to $400,000 of $100 par value a share. s 145 100 155 280" 295" 90 60 220 140 65 230 150 430 445 160 175 ff ft Directors of the Continental Illinois National Bank A Trust Co. < Chicago, 111., on Jan. 14, 1938 declared dividends of $1 a share in cash an 25% in common stock, both payable Feb. 1, 1938, on the $40,000,000 con outstanding; at same time voted to retire an additional $10,000,00 of RFC preferred stock. i Common and preferred stock n Reserves. r Combined statement y Ex-stock dividend. or capital debentures outstanding. National Banks State Institutions Surplus & Profits Capital National Banks Dec. 31 IOWA Dec. 31 Dec. 31 Ask Bid Par Dec. 31 Cross Surplus & Profits Capital Institutions State LOUISIANA Cross Deposits 103 TRUST COMPANIES AND BAMS FEB., 1938] Bid Par Deposits Per S s BurlingtonFarmer* & Merch S B Nat Bk of Burlington share. 53,144 40,048 2,131,766 3,061,869 500,000 250,000 50,000 1,601,345 128,367 27,511,519 4,289,151 100 20 N o re cent 25,019 963,903 100 sa United State Bank.. Council Bluff*— City National Bank 109,750 174,322 2,353,919 3,853,226 IOC 150.000 150.000 Oenn Bluff* Say Bk 60,000 40,000 loo.ooo Preferred State Saving* Bank. | 66,482 Preferred Louisiana Nat Bank V 600.000 1,006,052 Hlbernia Natl Cent Nat Bk & Tr Co Common 100 1,641,601 Louisiana SB & T Co Common 26,672,127 591.785 18,170,789 27.965 45,325,486 1,495,285 Cont'l-Am B A Tr Co [100 35,599,989 28.966 15,130 215.806 1.564.431 290,784 4.172.432 100 100 100 N o re 115 100 110 100 95 Institutions State Dec. 31 9,058,346 4,176,669 100 *a lee Nomi not. Per 241,644 219,308 363,236 201,487 50,196 1,000,000 200,000 288,505 1,032,367 10,098,502 7,721,148 ion 100 N o re cent 12,394,964 J 20 sa les Depositors' Trust Co Merrill Trust Co— 5,965 175 4,897,957 MOO 6,029,169 100 5,605,788 100 2,093.846 100 Common 600,000 750.000 ....... 300,000 192,387 ........ 446,000 1,496,864 2,460.402 4.948,425 100 100 8,095.869 3,817,418 5,129,844 6,689,481 Common 24 27 40 36 39 20 3434 37 431,700 550,000 143.300 ... Preferred B c40 40 11,702,531 441,471 I 50 100 National Banks Dec. 31 100 Inmitutions Stat» MARYLAND Dec. 31 Kansas City— Nomi 200.000 145,639 106,000 94,000 100.000 203,957 5,170,999 flOO 409,827 4,145,249 100 Manufac'rs State Bk 50,000 158,916 251,902 24,773 2,158,084 2,638,837 859,896 100 Leavenworth Nat Bk 150.000 150,00C Common Preferred River view State Bk. Preferred Calvert Bank... Canton Nat Bank.. U00 100 100 o re 500,000 400,000 77,500 200.000 Citizen* State Bank. Fidelity Sav State Bk Guaranty State Bank Common.. 376,961 285,506 6,710 75,781 11,937,535 U00 600.000 900,000 375,000 300,000 80,000 300,000 Common cent sa les Topeka— Central Trust Co 5,544,646 10 31,668,801 I 381,215 10 nal share 7 4% Baltimore Nat Bank N Central Nat Bank 500,000 Bait Comm'l Bank.. Leavenworth— First National Bank. Pr* Baltimore- 12,038,444 r io i io 3,076,680 100 Preferred 64 59 [ 50 J 100 Oimm'l N Bk of K O Exchange State h. nk Security Nat Bank.. 105 25 Portland Nat Bank— Nomi nal. Per share. 55,361 135,399 246,815 455,361 184,225 259,427 311,131 \100 Portland— Preferred A 150,000 150,000 250.000 j 477,681 600,000 200,000 400,000 400,000 .... Preferred State Institutions Dec. 31 Hutehinson— "32" "35"" 25 Bangor— Merchants' Nat Bk_ 100 10 KANSAS share 100 Nat Bk of Commerce Common 125 io5" 8,248,983 8,924,593 First National Bank. First National Bank. 100 20,216,616 9,617,579 343,869 436,375 Oasco Bk A Tr Co... ■xchange Nat Bank. 29,129.514 27 mm* mmm 900,000 611.425 Canal National Bank American Nat Bank, 66 Augusta- Eastern Tr A Bkg Co Dec. 31 25 cent 483,838 104,403 300.000 300.000 250.000 100.000 21*5 22 MAINE First Nat Granite Bk d Sioux City— National Banks 20*4 20 1100 400,000 205* 20 [100 971,326 300,000 250.000 Toy Nat Bank Security Nat Bank.. Woodbury Co Sav Bk 20 clOO National Banks Dubuque— First National Bank Live Stock Nat Bank 20 20 868,116 727,919 247,201 1,000,000 1,000,000 700,000 Commercial Nat Bk. Dec. 31 First National Bank. Amer Tr A Sav Bank J 622,708 Shreveport— c25 1100 Common 1,550,000 Preferred 1,450,000 Home Saving* Bank. d 150.000 University State Bk. 50,000 Valley Sav Bank 150,000 100 20 First National Bank. 20,147,576 125 1,906,200 100 85 100 32,445,235 780.276 51,948,463 1,500,000 1 1,200.000 2,336,879 128,696 208,000 2,800.000 6,237,580 117,589,045 ... Whitney Nat Bank.. 580,130 113,166 550.000 450.000 150,000 .... Preferred Des MoinesBkATrCo d lewa-Des Moines Nat Bank A Trust Co: 115 I 80 1,500,000 1,200,000 Common Preferred Nat Bk of Commerce clOO [25 400,000 600,000 160.000 .... 100 [100 Bk 100 1,537,003 J100 ■ Cap City State Bank 15 U? 8,694,152 347,882 1,000,000 11,188,890 1,150,000 ........ Preferred 100 Preferred Dea Moines— Bankers Tr. Co— Common Preferred share. 13 New Orleans— Davenport— Davenport Bk A Tr_ 9,468,407 j 304,165 300,000 1 270,000 [ Common...... Preferred Amer Bk & Trust Co Common 1100 94,894 300,000 250,000 ... First National Bank. Common Per % % les 100 Cedar Rapids— Merchants Nat Bank People's Say Bank_ Baton Bouge— City National Bank Common 100 75,000 200.000 Ask Nomi nal. Nomi nal. Equitable Trust Co. Fidelity Trust Co— Maryland Trust Co 930,605 t 572,328 100 2,189,284 100 Common. 1 4.000,000 400,000 600,000 750,000 400,000 6,614,634 496,018 550,000 2,000,000 1,291.573 880,260 I Carrollton Bk of Bait Oommonw'lth Bank. First National Bank. Nat Cent Bk of Bait. Nat Marine Bank... Western Nat Bank.. Colonial Trust Co— 1,043,055 k 378,400 111,326 246,404 185,500 536,504 132,300 1.000.000 1.000.000 1,650,000 1,500.000 ....... Capital notes Mercantile Tr Co. ~80" 1 1 1 1 1 50 1 1 • 1 1 100 10 10 40 100 120 30 42 45 20 32 32 X 25 35 40 100 15 17 25 68 _ 1 4 54^ ,170,000 34,476,032 3,879,623 258,839 4,203,352 1,522,819 24,608,837 1,499,188 20.162,356 34,510,317 50 100 100 165,398 5,660,724 100 I1 25 20 9,536,700 3,756,791 1,598,463 1,277,747 145,699,992 6,217,882 4,918,963 13,135,273 2,073,009 33,960,917 18.891,553 i 23 u° 60,000 140,000 43,567 1,153,092 Valley State Bk 50,000 200,000 500.000 100.000 100.000 626,063 7,068,°9° 9,403,396 1,595,080 1,550,000 100 Merchants' Nat Bk. 53,152 161,315 568,420 29,146 34,000 100 100 100 100 Union Trust Co 100,000 99,500 61,045 1,466,227 Capital notes 24,632,140 22,825,969 1,081,577 100 Second Nat Bank 500.000 219,561 6,103,128 50 100 Liberty Trust Co— 100 Common 3,356,808 Capital notes..... 150.000 1 298,500 155,060 2.329.654 100 100,000 200,000 125,000 932,729 214,007 479,678 5,294,472 1,561,129 4,735,718 97,717 1,649,563 Fr'k Town 8av Inst. 75.000 60,000 160,000 West Maryland Tr.. 100.000 370,553 35,534 4,101,029 673,088 90.000 415,000 200,000 150,000 79,984 177,074 217,571 70,063 15 220"" 235" j 25 1,302,232 852,449 21,620 207,705 13 6 56 X 150 Preferred Kaw Nat Bank of Topeka State Savings Bank. Topeka State Bank.. [100 Real Estate Tr Co.. 1150 Safe Den & Trust Co Cumberland— First Nat Bank..... d 1,000.000 1.000.000 Kansas State Bank.. 100,000 200.000 Southwest Nat Bank Union National Bank Common 107,000 93,000 PFAfAPFAf) Union Stock Yds Nat d I Common c6 2H 82't 50 961.969 40,920 P. 6234 520 10 934 110 546"" 10 H 120 36 38 130 155 17 18 65 70 Frederick- 3.823,551 f 62», 128,232 \ 100.000 399.000 Peoples Bank— WichitaFirst National Bank. Fourth Nat Bank 600,000 2,000,000 3,000,000 Citizens' Nat Bank.. Comm'l Bank of Md Farm A Mech N Bk. 100 20 25 Frederick Co Nat Bk National Banks KENTUCKY Dec. 31 Common State Institutions Preferred Dec. 31 Nomi nal. Per share. Covington— Citizens' Nat Bank. 391,848 200.000 100 4,783,548 Ni cod em us Nat Bk_. 200,000 75,000 550,000 150,000 Common....... Preferred I 4,824,585 10 1 276,515 f 10 15 17 Covingto nTr&BkgOo 50 "io"" 75,457 10 5% 3,218,579 100 1,382,439 15 100 c25" 10 25 1,504,381 10 15 6.141.194 100 10 10 110 4,084,146 1,773,459 27 116' 28 9% 7 232,938 I 50 200,000 I 81,420 350,000 1.000,000 1,069,283 150,000 361,888 150.000 205,355 500,000 472,769 Peop-Lib Bk A Tr Co Second Nat Bank.. Hagerstown Trust Co 6,779,237 1,588,545 15 Hag»rstown— Farmers & Merc Bks 90 First Nat Bk & Tr Co I 297,799 Lexington— Rank of Commerce- d 340,000 105 Nationa' Banks Citizens Bk A Tr Co Common........ Preferred First Nat Bk ATrOo Second Nat Bank Union Bank A Tr Co Security Trust Co Louisville— Dec. 31 13,473,390 50 3,148,288 2,612,965 3,620,237 100 100 300 100 160 100 350 Fidelity & Colum Tr_ First National Bank. 1.000.000 2,000,000 1.000.000 Liberty Natl Bk A Tr dl.839.500 100,000 People's Bank...... Security B* nk 300,000 KentuckyTltle Tr Co (71,000.000 Lincoln Bank & Tr.. 750.000 100.000 Stock Yards Bank Louisville Trust Co. dl,990,000 United States Tr Co. 525.000 3,041,982 1,683,306 2,538,086 287,079 39,726 162,874 1,035,470 627,137 119,914 832,314 112,663 54,578,952 1001 /285 7,593,360 100J 95 35,149,974 100 2 24,116,339 10 1,396,693 2,749,551 100 130 3,928,995 100 (7101 12,489,308 100 135 1,553,975 100 120 10 8 13,881,501 1,313,946 100 100,000 Newport Nat Bank.. 100.000 145.000 nesAral Sav Bank.. d 132,093 410,579 14,011 360~" 292 Web & Atlas N Bk— 1,000.000 430,794 12,277,692 390 60 21% 135 35 50 100 3 * "145" 155"" —... 68 Sale a New price. ' d Common and preferred stock "/250" or capital notes outstanding. Fidelity unified certificates. Affiliated with the First National Bank of Louisville. / Citizens' Union h Member of Northwest 100 ■' y y •, stock. Retirement price. c g 100 10 37% 20 1,500,000 2,863,608 29,517,239 Nat Rock Bk of Bos Nat Shawmut Bank. 10,000,000 20,802,679 164,754,074 12 H 25 2,000.000 4,746,328 Second Nat Bank.... 75,833,652 r 1,652,841 4,571,241 1,655,835 Per Boston— First National Bank. 27.812,500 51,514,821 615,939,169 1234 100 3,000,000 Merchants' Nat Bk. 5,630,086 84,650,761 Newport— American Nat Bank. Nomi nal. 103 * Citizens' Union N B. MASSACHUSETTS 10 I Bancorporatlon. k Units. ' I Last Sale. - . •y—v . y • yy / -.,-y y ■. share, 38 400 64 22 140 40 Capital Deposits Par Nomi nal Per share. $ 750,000 u 212,276 2,000,000 3,995,746 Dep A Tr_. 240,039 100,000 Columbia Trust Go__ 1,250,000 1,826,571 Day Trust Oo u 663,511 * 500,000 Fiduciary TrustOo— 1.000.000 u2,994,592 New Eng Trust Go__ 5,266,798 Old Colony Trust Oo 15,000,000 383,500 400,000 Pilgrim Trust Oo 5,187,161 State Street Tr Oo._ 3.890,000 c Boston 8 Ask Bid 100 100 100 100 1,705,757 36,765,626 2,336,166 11,341,593 2,583,487 34,845,761 None 100 100 12,428,137 10 viv; Detroit— Convertible prefWlnthrop Trust Oo_ 450,000 [ L 2,593.025 74,507 100.000 . 10 100 $ Per ■ Preferred r400 Mfrs National Bank- Michigan Ind Bank 165 280 11 12 14 190 210 48 52 ... 15 d 7,500,000 10.000.000 j 13115723 500,000 935,000 Common share 50 986,122 c64.813.693 "70" "85" Nat Bank of Detroit- 265 tnal 1,500,000 11,660,000 C138737.568 f 20 t 20 3,650,000 60 3,000.000 3,619,787 114,372,520 55,529 144,138 100 100,000 Common Preferred 700,000 U.368,886 $ s *3,950,000 Bank Detroit Bank U S Trust Oo— Common Ask Bid Par Deposits Nom State fio 6,820,502 78,766,576 Gross Surplus & Profits Capital Dec. 31 Oom'wealth-Oom'l r280~ 100 5 State Institutions MICHIGAN Dec. 31 Dec. 31 Gross Surplus & Profits Boston— Banc Oom Ital Tr Oo Sational Banks In dilutions itau MASSACHUSETTS | COMPANIES TRUST AND BANKS 104 393,189,983 Ju 768,000 1 10 35 36 [10 27 29 i 25 United Savings Bank Common.. Preferred 19,175,308 1 10 Equitable Trust CoCommon Beverly— 100 100 3,835,800 1,459,551 316,772 82,129 300,000 100.000 Beverly Nat Bank., Beverly Trust Oo„_. 140 75 135 70 101.260 pref— pref Class "B" ( 20 500,000 ... Class "A" 127,860 J 403,261 ------ I 20 Detroit Trust Co— Common Preferred 300,000 1 300,000 [ .... 580.107 500,000 .... Preferred.. Heme Nat Bank 1,423,260 11,888,478 012,372,318 f 20 \ 20 1,263,691 41,587 g 350,154 100 150.000 612,007 g 5,979.627 100 500,000 Common BrocktonBrockton Nat Bank 409,840 8,183,933 50 20 25 6,765.106 Highland Park Trust Un Guardian Tr Oo. ----- 20 1,883,186 g 43 39 21 • 25 50 Flint— Cambridge— Harvard Trust Oe 6,535,640 100 475,271 4,270,693 1,152,802 cl9.494.108 10 20 611,278 150,000 300,000 1.000.000 Cambridge Trust Oe County Bk A: Tr Co. c 500 Oit Oom A 8avs Bk. *1,000,000 Genessee Oo Save Bk 700,000 70 Merch A Mech Bank Nat Bank of Flint 192,000 400.000 244,826 44,936 392,573 250,000 96,381 20 21 20 20 35 21 20 21 25 1,269,446 20 12 15 9,338,707 1 729,633 12 450 10 68 20 10 22.580,512 9,537,293 3,173,729 5.931,257 23 "24" Everett— 600,000 9,759,872 10 400.000 Middlesex Co Nat Bk 806,468 222,170 543,381 108,867 5,524,629 7,658,420 3,055,659 100 150 100 Grand Rapids— Central Bank Fall Blver— Fall River Nat Bank Durfee Trust Oo Fall River Trust 427,500 300.000 c c 91 205 Common 80 500.000 ........ 220,000 Preferred Peoples Nat Bank— 500.000 874,470 6,986,249 100 150.000 120,000 300.000 251,228 162,327 174,091 2,859,152 1,392,407 3,527,763 100 10 Preferred Old Kent Bank— Common No Gloucester— Cape Ann Nat Bank. Glouc Nat Bk of OIou Gleuces S D A Tr Oo * rec ent sales 20 * Michigan Trust Co.. 13 f20 1 20 7,833.881 1 15 13 10 i 429,304 1,000,000 11,560,183 c42,313,219 1,750.000 136,449 g 1,033,382 400.000 343,214 c 2,583.601 250,000 691,887 g 1,806,302 1.200.000 Preferred Grand Rapids Tr Co Union Bank of Mich J 422,769 400,000 1 275,000 Common Fltohburg— Safety Fund Nat Bk. c Nat Bk of Grand Rap 10 no i 28 150 25 110 10 100 20 10 50 18 14 20 15 22 16 Haverhill100 10 6,166,776 2,372.650 992,613 188.577 200.000 300.000 Haverhill Nat Bankid errimack Nat Bank 10 Saginaw— Saginaw State Bank. * Second Nat Holyoke— Holyoke Nat Bank— Bank Preferred Park National Bank Common t 100.000 \ 150,000 { Preferred Hadley Falls Tr Oe.. *1,400.000 300,804 Lawrence— Bay StateMer Nat Bk 310,409 2,812,742 160,944 6,125,257 20 21 23 100 185 200 60 7,841,752 / 50 129,583 c 1,886,113 c28,484.579 1.250.000 Tr Oo 250,000 1 415,000 r Common 126,485 383,000 A 50 J100 60 llOO 600.000 9,668,211 20 6,643,323 c 2.5 National Banks 25 MINNESOTA Dec. 31 Institutions State -, Dec. 31 Lowell— 300.000 405.765 3,751,525 100 112 1.000.000 562,127 11,269,711 25 18 AppletonNat. Bank. Nomi nal Union Old Lowell National Bank 23 I Preferred......... Lynn 8 Dep A Tr Oo Security Trust Oe— 400,000 New Bedford— First National Bank. * Merchants Nat Bk.. Safe Deposit Nat Bk * 3,327,938 3,526,120 9,453,808 c c /50 157 X 385 46 Blooming'n-Lake NB b Central Nat Bank Fifth No'west'n N B. < 42 First NatBk&TrCo 66.000.000 100.000 Hennepin State Bank 6 10 Marquette Nat Bank * 100 30 1,774,317 Midland NatBk A Tr * Minnehaha Nat Bk_ 6 Common Salem— Naumkeag Tr Oo— Common....... 250.000 200.000 Preferred Springfield— Springfield Nat Bank 6,492,669 |. 573.203 15 10 15 4th Northwest Nat'l. University State Bk. 379,061 141758,145 1,500,000 27,552,398 13,033,571 1.000,000 194.250 2,502,152 1,304,034 1,777,923 101,563 100 25 25 200.000 300.000 266,932 298,873 500,000 ] 820,851 1.000.000 2d N'weet'n State.. Third N'west'n N Bk 10 2.000.000 Union Trust Co West Springfield Tr. Produce Srate Bank. 17 50 10 Common Third Nat B fcT Co.. Springfield 8 I> A Tr. Taunton 2,939,596 119,248 13,097,991 1,975,807 11 330 Nat Bk. 1,969,141 4,241,846 100 25 25 ... Guaranty Bk A T Oo Worcester Oe Tr Oo Common Class A.......... ........ cent sa les 100 100 66** 2,125,093 B100 1,753,466 L 28,156 1,650,616 <100 27,587 7,623,513 131,549,040 b 20 28,369 864,878 100 100 5,371,643 165,904 16,247,207 <100 494,164 1,821,936 6100 .,.. 35,398 117,162 P 5,000.000 13,259,549 109,056,839 1100 i 1100 2.000.000 6 100,000 1,345.015 6 35,401 i 50.000 1,039,085 < 13,463 i 100.000 1,719,385 <100 122,662 * 125.000 2,817,149 <100 121,650 * 91,400 1,182,059 37,028 6X 200,000 125,000 164,527 61,625 No re cent sa les 4,984,277 plOO 100 1,713,819 St. PaulAmerican Nat Bank. *1,694,000 Oommerclal State Bk * 150.000 DrovExchState Bank ok 200,000 First National Bank. p6.000.000 First State Bank.... p 100.000 100 226,325 24,764,672 100 4,758,181 242,931 100 1,879,149 45,649 119,050,484 plOO 7,468,850 100 2,202,255 113,328 7,713,046 100 218,420 4.948,782 <100 167,736 95* * Midway Nat Bank— 15,680,755 1100 300,000 328,323 4,847,209 Preferred 1,000,000 11,751,442 c34,255,738 I 1 2,000 000 10 '"15" 21 10 17 10** 155,191 First TrustOo. 5,089,904 1100 207,706 100,000 \ 175,000 pi .000.000 r Common... 115 100 650.000 f 1100 PlOO 21 10 * Sale nrice. > • 1 t No par. 6 First National Group, c In of liquidation. process d Convertible preferred stock entitled in liquidation to $20 a share. / Retirement price q Trust balances. ' < Member of Northwest Bancorporation. * Common and preferred or National Banks Dec. 31 MICHIGAN o p Nomi nal. Per 300 000 Bay City Bank Natl bk of Bay Oity. 400.000 People's Commercial A Savings Bank— *1,000,000 share. vr . American National Bank of St. Paul affiliate, Member of the First Bank Stock Corp. Stock has to be offered to board of directors. s New stock. t Affiliate of First National Bank of Boston. 8,237 2,733,910 207,964 "6,687,307 100 100 N o re cent u 556,802 100 sa les x Ex-dlvidend. t First Bank Stock Corp. 10,314,308 capital debentures outstanding. I Last sale. State Institutions Dec. 31 Bay City— 7H Rochester— First National BankUnion Nat Bank EmpireNatBk&TrOo ik 475.000 Stock Yards Nat Bk. * 300.000 Worcester— Mechanics Nat Bank Common Preferred N o 100 72 67 60 25 — Bristol County Tr 384,000 990,000 100.000 N'western Nat B A T Preferred 547,000 100,000 9 75,830 Merchants Nat Bank * 100.000 138,000 19 200,000 50 100 Minneapolis— 40 425,000 .. 50 100 100 20 50 7,607,348 Peabody— Warren Nat Bank 1.000,000 Pioneer Nat Bank 100,000 Western Nat Bank.. * 100,000 20 9,420,276 5,605,677 12 X 243,164 677,529 425,393 721,500 500,000 101 Northern Nat Bank- 1 467,706 609,067 756,834 100 re 400,000 of Duluth 2,810,385 I 50 67,565 200,000 250,000 250.000 100.000 Common Essex Trust Co 6,772,228 12,140,136 1,085,617 1,007,776 share. 100 Minnesota Nat Bank 50 100 3,101,425 251,460 National City Bank 835,373 7,179.950 2,079,817 31,773,062 212,999 376,333 40,509 22,226 200,000 2,000,000 First A Amer Nat Bk 3,416,303 f 50 138,452 200,000 190,000 200,000 Common Preferred Manufac'rs Nat Bk. 600.000 Duluth Nat'l Bk_._* Lynn- 32,576 336,888 43,527 980,409 100,000 City National Bank. Central Nat Bank— Machinists' Per Duluth— Bank of Comra A Sav June 30, 1937. . 10 AND BANKS FEB., 1938] National Banks State MISSISSIPPI Dec. 31 Capital Surplus & Profits TRUST National Banks Institutions Cross Par Ask Bid State Institutions Dec. 31 MONTANA Dec. 31 Dec. 31 Deposits 105 COMPANIES Cross Surplus & Profits Capital j Nomi nal Per Jaokson Capital National BkOommon 300,000 1 100,000 50,000 787,500 Preferred Oommerc'l Bk&TrOo Depoa Gu Bk A TrOo Jackson-State N Bk. 428,762 Nomi nal. share. 300.000 3,048.711 2,867,458 3,606,514 74,794 124,895 75,146 291,300 375,000 241,000 300,000 100,000 Metals Bk A Tr Oo. 0 cent Meridian— 100,000 Butte— First National Bank. Miners Nat Bk o Citizens Nat Bank.. First National BankMar A Farmers Bank Per BillingsMidland Nat Bank.. g Montana Nat Bank. See Tr A Savs Bank. 7,387,800 \ 30 40 545,357 10,582,920 loo 8,370,085 100 . 13,618 215,626 341,265 National Banks MISSOURI Dec. 31 100 100 12,721,016 1,214,155 13,359,049 100 re cent 100 sa les 600,000 886,637 42,460 595,591 600.000 299,625 9,706,636 0100 100,000 383,500 111,148 6,895,163 flOO N First Nat Bk&Tr Oo k Union Bk A Tr Co— 8 5,376,202 5,476,104 201,070 263,357 177,735 2,570,801 2,807.703 160,000 1 158,715 0--- Preferred ... « ....... - Uoo 100 National Banks Dec. 31 State Institutions Dec. 31 State Institutions Dec. 31 NEBRASKA Nomi nal. Norn inal Per Kansas CityBaltimore Bank City Nat Bk A Tr Oo Columbia Nat Bank. Commerce Trust Co Community State Bk First National Bank- Inter-State Nat Bank Linwood State Bank- 6.000.000 100,000 2.000,000 500,000 100.000 200.000 Merchants Bank Merc Home Bk & Tr 200.000 100 300 340 100 100 66 100 76 112 90 490 Preferred First National Bank. Nat Bk of Commerce 320,301 i 100 225. 199,743 8,896,831 100 100 425,015 610,988 19,979,027 11,112,805 100 100 140 200 1,500.000 V 730,543 25,583.272 20 20 250,000 450,000 354,064 12.926,414 100 1,500.000 750.000 ... 135" " 200 Continental NatBk— Common 300 100 100 Jl,208,078 200,000 290.000 850,000 300,000 e Common 170 Live Stock Nat Bank Omaha Nat Bank— Common 200.000 20,496 52,066 100.000 135,162 550.000 100.000 Preferred Park National Bank. Plaza Bank of Oomm Produce Exch Bank. 150,227 48,295 8,442,337 62h 1,190,531 25,904 756,458 flOO 48,086 l 120 100 Preferred Packers' Nat Bank: Common 120" 135" 50.000 le 50.000 ... Preferred Stock Yards Nat Bk. Union Nat Bank— Preferred West port Ays BankUnion Ay Bk of Com 6,709.032 100 1,000,000 l 1,158.000 100,000 100,000 Common 265,953 621,310 26,320.231 I 10 178,923 1,818,784 1,591,177 630,329 University Bank I 118,785 16,234 100.000 62H 52H 65 Common 250.00 0 450,000 el.100,000 e Preferred U S Nat Bank 150 250 25 20 J 100 2.309,435 48,640 100 100 1 ) 160 150 100 67,726 c 44,166,329 a20 952,384 100 22,553,911 100 27,866,445 77,800 25 6,605,881 100 100 784,941 225" 200 National Banks Dec. 31 12M 11X 15 NEVADA 140 100 alOO — 65 50 100 94.000 50,000 South Omaha Sav Bk Stock Yards Nat Bk 1100 400.000 106.000 Preferred 120 City Nat'l Bank k Southeast State Bk.. South Side Bank— } Omaha— 100 8,532,119 share. First Nat Bank— 70 455 100 100 100 1,423,239 rioo 1100 100 1,469,375 100 3,211,073 100 2,417,412 80,000 120,000 50.000 .... Common 120 199,000 Capital notes Missouri Bk A Tr Oo Common Gate Per Lincoln— 110 Preferred A Common Traders' share. 100 1,934,583 60,429 1,581,706 20,823,770 6,235,098 132,080 4,079,496 156,955,891 1,218,181 41,609 4,389,310 112,682,477 1,161,370 22,192,419 1,413,704 53,113 3.304,392 165,073 100,000 600.000 500.000 o Helena— 50 Common 650,000 300,000 share. 4,133,130 (7100 232,349 200.000 lea 100 100 Vicksburg— First Nat A Tr Oo k March NatBkATr Oo Ask Bid Par Deposits 195 - 100 95 75 ; y • • , Nomi nal. ■ . share. Per RenoFirst Nat Bk of Nev. d 840,168 600.000 □t. JosephAmerican Nat Bank. Bur nee Nat Bank... Tootle-Lacy Nat Bk. Bmpire Trust Oo_ Missouri Vail Tr Oo. 236,093 260,138 416,335 130,572 77,151 261,430 97,331 66,587 200,000 200.000 500.000 100.000 250.000 200.000 200.000 136.000 First National BankFirst Trust Oo First St JosSt'hYdflBk 7,672,258 3,918,218 7,260,713 2,900,465 3,449,615 7,435,595 2,074,640 1.076,143 100 100 N 100 100 mgMif* NEW HAMPSHIRE o re cent #—. 8a les 100 NomUnal. 100 Per Manchester— 100 200,000 150,000 200.000 Manchester Nat Bk. Merchants Nat Bank St. Louis— 890,477 512,071 250,154 5,221,451 2,829,463 2,708,030 200.000 Amoskeag Nat Bank 409,833 524.212 490,504 5,794,008 5,767,430 6,527,202 \shars. N'o 100 100 re cent 100 sa les Nashua— Amer Exch Nat Bank Common Preferred Baden Bank k 107,500 lc ...... 47.062 2,044,786 92.500 330.000 2.000,000 400,000 Cass Bk A Tr Oo k 450.000 First Nat Bank 10,200.000 Industrial Bk&TrCo 600.000 Boatmen's Nat Bk— Bremen Bk A Tr Co. k 2,501,108 8,3611 2,039,642 51,891,153 297,186 5,514,750 198,5821 5,607,917 8,015,163 223,501,202 C 371,454 10,221,699 120 120 7 15 Indian Head Nat Bk k k Nashua Trust Co 3econdNat of Nashua it 10 100 50 20 27 28 95 100 100 100 100 17 <20 31H Common 64 200,000 i Common 80,904 3,324,053 640,242 83,883 6,254,291 50,000 50,000 29,241 215,000 {loo ioo ..... 250,000 75,000 200.000 ... Preferred New Hamp Nat Bk. Jefferson Bk A T Co- Capital notes..... Jeff-Gravols Bank.. 600,000 1275 Z135 100 100 100 100 105 PortsmouthFirst National Bank. 32 62 400.000 J 95,978 48,914 3,129,747 rioo 1100 1.382,005 100 No re cent sales 70 "35"" "55" Lemay Ferry Bank— Common ..... Preferred 987,312 1100 National Banks Dec. 31 a 100 lioo NEW JERSEY Manufacturers Bank A T Oo 538,740 176,135 244,782 137,674 744,685 600.000 Manchester Bank 500.000 Mutual Bk A Tr Go.- 450.000 200.000 Plaza Bank (The). Sec Nat Bk SaYsATr Southern A 350.000 11,046,601 5,368,068 8,715,223 3,627,462 16,710,608 58,366 167,641 203,685 745,756 329,467 3,206,662 4,313,493 4,626,656 14,664,910 7.781,324 20 16 100 50 97 88 92 20 22 25 100 170 185 19 Nomi nal. Atlantic Common 424.000 * South Side Nat Bk— 400,000 Telegraphers Nat Bk 500.000 Tewer Gr Bk A TrCo United Bk A Tr Co. 1,000.000 1.000.000 : 100 100 20 100 50 24 'mm 35 60 70 343.783 . Common.. Ltadell Trust Co 340.000 250,000 300,000 Merc Com BAT Co- 10,000,000 Mercantlle-Oom merce Nat'l Bank. 350.000 Miss Val Trust Co.. 6 ,000,000 Mound City Tr Oo 246.059 North St Louis Tr Co 300.000 Northwest'n Tr Oo 750,000 . WebsterGroYes Tr.. 100.000 3,188,177 2,925,189 4,757.565 100 15 100 5,367,746 152,882.429 100 a30 Preferred 1,314,131 J100 I 10 I 1° 10 Equitable Trust Co— J 104,224 Asbury Park— 255,000 3,049,561 23,836 261,520 271,494 196,913 5.537.632 86,578,503 2.279.633 4,161,136 6,828,787 2,736,160 100 25 SH 27H 100 100 28 23 100 100 4 40 20 111 55 65 4 10 5 175 580.500 190,500 5,688,839 10C Grove Bank... 109 share 60 1,679,018 flOO 1 10 4,538,947 / Preferred 100 95,959 500,000 U3577.212 2.350.023 75 71,272 53,083 249.589 J 225,000 1,184,518 ... Common Chippewa Trust Oo. k Baston-Taylor Tr Oo k 100 5,420,603 Guarantee Trust Co- mmm 32 120,000 Preferred 60 20 130 677,489 400,000 Bankers Trust Co— Oommerc'l Savs Bank Per City— Boardwalk Nat Bank 300,000 100,000 3,171,625 1,167,336 10 Seacoast Trust Oo 227,312 92,708 200,000 400,000 38,114 407,881 1,572,383 10,715.609 100 75 246,600 575,000 249,500 115,037 252,757 114,353 2,163,125 5.048,453 1,503,058 100 100 20 35 AsburyPkNatBkATr k Asbury Park A Ocean Bayonne— Jt Broadway Nat Bk Bayonne Trust Co.. .. 5 50 110 Bridgeton— Bridgeton Nat Bank. k Cumberland Nat Bk. k Farm A Mer Nat Bk. k 73 13 45 80 15 Bpringfield— Citizens Bank.... Union Nat Bank Southern Missouri Tr * * 290,000 597,000 100.000 13,096 324,360 94,954 2,452,173 11,171,254 1,988,884 100 100 * 100 Sale price. a Retirement price. c June 30, 1937. d Owned by the e ' Transamerlca Corp., San Francisco, Calif. Member of Northwest Bancorporation. / 1 / Includes reserves. 0 Member First Bank Stock Corp. h Reserves. ./, k Preferred stock and common stock or capital debentures outstanding. 1 Last sale. s < f Member of the Guardian Preferred stock retired. Detroit Union Group Inc., Detroit Mich. 106 BANKS National Banks Dec. 31 NEW JERSEY Capital Surplus A Profits AND TRUST State Institutions Dec. 31 COMPANIES National Banks Dec. 31 NEW JERSEY Gross Deposits Par Bid Ask Institutions Dec. 31 Gross Surplus & Profits Capital State Par Deposits Bid Nomi nal. Oamden— $ FirstOamNatBAfcTCo 42,192.891 Camden 8 D & Tr Go 43,287.500 Merchantville $ 740,957 396,190 Nat'l Bank & Trust Go. 4 West Jersey Trust Oo 4 224.375 645,500 102,439 434,269 $ Per 24,825,616 12X 24,411,006 12X 1,169,552 8,458,849 share. 7 9 5 7 2 4 3X 10 10 4X TrentonBroad St Nat Bank. dl ,000.000 Plrst-Mech Nat Bk. 43,178,000 Prospect Natl Bank. Security Nat Bank.. Trenton Banking Oo 200,000 200,000 1,500,000 Trenton Trust Go... dl,874,000 Bast Orange— Ampere Bank Ac TrOo 200.000 Bay Inv & Trust Oo: Common Preferred A 117,715 2,696,533 33 X 45 Ask Nomi nal Per 51^,582 1,370,892 43,519 k 72,935 1,198,065 690,861 14,838,418 39,102,549 1,011,287 1,159,890 27,554,058 22,012,661 526,025 464,377 406,907 3,075,919 2,993,508 1,724,230 share. 65 75 100 100 25 50 6 5 18 75 3 10 50 20 30 80 4 Woodbury— Farm 95,600 495.000 274.165 ' Preferred B_... & Mechanics' National Bank X | 555,021 19,129,040 100,000 200,000 First Nat Bk Ac Tr Oo Woodbury Trust Oo. 14 "3X 100.000 10 50 10 Elizabeth— Blizabethport BkgOo 4 400.000 158,555 124,907 45,107 110,045 287,054 7,050,806 15,829,384 3,638,472 4,102,937 12,023,292 100.000 500.000 25,166 346,162 1,517,297 2,180,618 2,225.000 4 400,000 1,170,155 35,064 Nat'l State Bank— 41,310,000 Central Home Tr Oo 4 500.000 Elizabeth Trust Oo. 41,020.168 . 41,114.345 15 20 25 18 50 10 15 22 "o" 1 National Banks Dec. 31 floboken— 4 9 20 10 2X institutions State NEW YORK Dec. 31 "3)4 Nomi nal. Jersey Oity— First National Bank. Common. Preferred. 533,808 1,250,000 \ 1,500,000 100,000 79,757 8,400,000 4,123,057 705,484 42,999,996 North Bergen Tr Oo. 100.000 27,823 52,039,877 100 3,474,665 37X 29,753,417 55 65 8 8)4 r30 \ 30 980,233 100 72,783,011 25 24,154,634 !2X 1,103,439 100 250,000 1,500,000 17 "33"" 30 3)4 5)4 1,410,717 5,146,958 2,572,856 418,416 3,432,626 54,030,034 64,999,703 23,787,511 400,000 700.000 343,568 107,903 6,483,441 5,934,564 400,000 600,000 1500,000 Nat Oom Bk Ac Tr Oo OX ( 25 Albany— Mech & Farmers Bk. 734,148 415,316 527,447 9,644,823 9,828,312 7,696,611 State Bank of Albany 42,900 000 First Trust Oo 42,980.000 Per share 600 440 460 100 240 250 50 100 50 60 Auburn— Nat Bank of Auburn Auburn Trust Co... d 100 100 Trust Ooof N J— 1,140,000 12.175,237 2.500,000 4 400.000 a 29,515 53,422,955 2,834,611 IX % 2H r 5 Tx First National Bank: Marine Mldl'd Tr Oo Long Branch— 230.000 53,907 2,636,911 50 500.000 614,568 200,000 316,237 334,201 14,906 796,849 7,487,011 7,003,385 1,719,205 9,964,135 25 1 1 1 • • 10 1 • 1 1 American Trust Oo.. 4 600.000 200.000 100.000 441,697 155,478 50 15 "27" "40 50 150 50 3,180,103 1,672,861 100 160 Newark— 150,000 600,000 Newark Lincoln Nat Bank... 4 4 144.130 58,256 391,674 121,189 884.000 n 100 8,000.000 1,409,908 43,628,143 500,000 1,691,115 21,869,412 526.980 / 562,311 3,007,317 400.000 45,812 1,939,844 1.622.500 1,088,588 32,932,277 47.500.000 7,804,034 143,393,689 2,500.000 1,814,362 17,057,303 4 336.300 118,557 3,375,410 600.000 566,563 3,326,883 1.075.000 386,410 10,313,976 Merch & Newark Tr. 31 4X 8 10 15 88 100 100 25 4 Fidelity UnTrOo— 28 45 92 525 15 mm —mm mm —mm 25 8 11 10 10 25 10 11 30 28 31X ""20"" "22" 25 b ! 200,000 r Flatbush Nat Bank. 240,000 225,000 E Klngsboro Nat Bank Lafayette Nat Bank. People's Nat Bank.. Brooklyn Trust Oo: Kings Co Trust Oo— 500,000 I E 974,900 550,000 8,200,000 500.000 date Dec. 143,900 2,847 ,100 108,892 2,597 ,361 64,100 2,764 ,500 308,100 3,610 ,800 363,157 8,019 ,973 298,000 5,567 ,400 5,669,948 114,514 ,936 6.207.131 41,247 ,957 31 1 937. 95 125 33«» "36" "46" 100 65 50 100 100 "47" 50 871,250 300,000 314,479 361,609 10,533,972 6,097.816 21 19 Oommon 2,200.000 13,526,994 51,017,368 2,500,000 143,904 2,410,332 7,865,714 90,778,656 8,729,063 160,296,925 ... Debentures Lincoln-E Side N Bk d 200.000 Mfrs Ac Trad Tr Oo. 5.000,000 Marine Trust Oo.... <8.000.000 10 15 17 10 8 10 300,000 471.273 ........ j 103,218 1,848,267 Preferred 25 N 0 100 TO cent les J10 r30 110 dson— rd Nat BkofWN Y— Oommon 337.896 100,000 42,750 .... of Weehawken 179,278 > 32,199 ( 50 1,332,820 i 20 Elmira— Chemung Oan Tr Oo 800,000 1,237,500 1,571,639 714,951 11,630,028 13,221,877 20 IthacaFirst National Bank. d 600.000 ion 650,000 144,360 524,921 5,082,072 Tompkins Oo Tr Co. 9,532,404 25 •-1 -j. © 10 7 8 311,967 12,938,795 654,000 155,846 484,386 7,697,000 4,092,999 4,865,816 100 20 300 13 350 100 First Nat Bk Ac TrOo d 50 60,519 117,298 119,024 107,532 354,175 1,930,880 14,614 1,186,346 5,652,357 5,597,146 3,274,687 8,372,107 25,992,810 1.340,250 42,250,000 1.000.000 1,716,394 29,987,467 5,014,630 25 304,626 2 N o 132", 144 4,378,658 1,346,651 25 re cent 59,779 536,235 91,613 1,342,259 17,217,553 4,042,240 100 100 sa les 20 \& 10 25 Bank of Jamestown: Oommon The First Nat Bank. Nat Ohautauq Oo Bk Union Trust Co 4 2)4 6 200.000 457,491 672,164 250.000 160,000 150.000 Kingston Trust Oo.. 550.000 125,464 87,396 455,902 472,936 1,959,794 1,246,834 4,076,167 6,469,192 25 • 13" 10 17 22 • • 1 249,838 175.000 100,000 41,150,000 4 247.500 .4 1 , Preferred Second Nat Bank— <50 N kmalg Bank of N Y. 25 First National Bank. 10,000,000 100 Grace Nat Bk of N.Y 1.500.000 Merchants Bk of N.Y 400,000 Nat Bronx Bank d 790,000 . Preferred Oommon 600.000 12,613,780 rioo 1 6C 1,215,399 100 20 2,335,155 90 54,081 61,530 J 926,419 12,776,635 J 50 I 20 0 10 re cent 100 sa les 100 100 . . Preferred 500.000 •1,500,000 1 876,299 200,000 1.000.000 2,122,232 . „ US Trust Co— Oommon - 25 * 52 100 4,278,280 I 50 1 50 100 125 600.000 594.000 ) 264,366 15 17 41,325.000 392,975 9,252,551 / 25 112*2 10 3,748,058 357,327 13,099,564 rioo \ 50 1.938.026,000 77.231,000 n 3,081,000 53,576,000 436,230,000 n26,157,131 n 4,997,700 239.400 n 7,766,900 100 10 , 66*j IF 13.55 100 it?* Sale price, c "c'T security 1 100 50 "166"" ►—1 40 Corp. stock, Preference stock. Represents capital, surplus and / Includes preferred 0 Includes stock undivided profits, retirement fund. reserves. h Affiliated with the Trust Oo. of New Jersey, Jersey Oity, 68 < Controlled by Marine Midland Corp. k June 30, 1937. 1 Last sale, n Dec. I- 31, 1937. 0 Sept. 30, 1937. r Preferred u \ Reserves. stock retirement price. ;v'A/ 54 32 H 140 25 d Oommon and preferred stock capital debentures outstanding, e rl2)4 f Marine Midland "24"" 100 "865"" 850" 1815 100 1775 100 March 31, 1937. 6 Includes ""95" j 308,768 600,000 1 750.000 1 5,938,100 511,939,000 n 7,134,900 n i65" 100,000 60,000 Citizens Trust Oo— Common 17,421,565 / 50 \ 50 29,778,361 25,200 25,862,263 756,900 131,390,741 8,153,997 381,300 3,660,300 108,207,633 1,940,390 215,400 95 50 J 486,704 650,000 Bk of the Manhat Oo 20.000,000 Bank of Yorktown.. 1.000.000 Chase Nat Bank 100,270,000 Oomm'l Nat Bk Ac Tr 7.000.000 Dunbar Nat Bank.. 500.000 Fifth Ave Bank 500,000 a . Common Paterson Sav Inst... Prospect Pk Nat Bk 680,000 625,000 103,700 300,000 • for National and Dec. 31,19 37 for Stat e banks, a did d*nd r ecord of banks and trust companies in New Yo rk City and Broo klyn *n ov be found in our'*Rai Iway" Secti on, pages 1 93. 194,195 .196 197, 198. Paterson— First National Bk— Common.... • New York City- Denosits N ew York Ci and ty banks are repo rted net are o/ Jan. 29, 1938. Bur plus and p rofits are of iate Dec. 3 1 '37 100 Plainfield— First National B .4 Plainfield Nat Bank. 4 1 1 1•• , > Preferred 1 8 250 Passaic— Common 500.000 990,000 300.000 200,000 500,000 400.000 Debentures "A". Debentures "B" First NBkofRondout Nat'l Ulster County Bank of Kingston. Bondout Nat Bank. State of N Y Nat Bk 100 20 6 Kingston— 35 100,000 500,000 4 598,500 100,000 400,000 al ,000,000 145,000 T c Weehawken Tr Oo 100 1,370,043 25,837 j 141,414 4,648,825 25X OK 23 X 10 <32 t Jamestown— sa New BrunswTrOo— Oommon 80 1630 Liberty Bk of Buffalo New Brunswick 4 54 75 100 1580 100 30 50 25 Bensonhurst Nat Bk Citizens Bk of Bklyn ns Buffalo- 100 25 1,465,766 8,814,920 6,833,123 1,255,047 st Co. retur Nat. banks Dec. 31'37 <50 Holly- Union Nat Bk&TrO< Farmers' Trust Oo.. 50 • Brooklyn—Stole fi ank A Tru First National Bank. National Iron Bank. 4 1200 100 100 100 Morristown— Mt. Blnghamton— Oity National Bank. cnoi Feb., 1938] National Banks NEW YORK Dec. 31 Capital Surplus & Profits TRUST AND BANKS National Banks State Institutions Dec. 31 Nomi nal N. Y. Oltj (Concl.) Penn Exchange Ba Public Nat BkATr Schroder Bkg Ooi Sterling Nat B A 1 Trust $ S Per $ 77.500,000 58,564,079 1627875000 12M 500,000 /15,242,300 12K el .014.300 244,400 / 3,122,900 10 e529.000 7.000.000 8,949,941 132,940,000 17 A 5.000,000 2,261,976 /22,327,664 1,641,100 /27,136,300 ""25 1.500,000 285,300 f 6,495,400 12 A *418.750 co. returns d ate Dec. 144,400 500,000 3,477,700 834,631 11,657,584 2,000,000 612,800 16,022,600 1,000.000 605,600 1,000,000 223,200 Bank of NY A TrOo 6,000,000 13,372,665 177,683,179 Bankers Trust Go 25.000.000 76,932,372 819,473,017 Bronx County Tr Go 257,500 20,116,100 542,500 ■Gent Han BkATr Go 21,000,000 70,476,231 831,259,130 •Chemical Bk A Tr Go 20,000,000 54,625,894 506,375,322 S8" 15* . 100 170,000 30,000 fl34,000 2,030,000 [ 50 100,000 500,000 385,000 4,046,383 I 50 I 10 300,000 33,183 2,832,968 12 A 3 Bk A Tr Co Mutual Trust Co. 550.000 176.250 19,683 15 10 10 4 550,000 195,000 200.000 7,998 44,128 86,815 5,496,981 3,036,875 3,406,220 1,722,818 1,882,313 "166 800,000 241,592 7,573,974 100 17 22 200,000 150,000 680,000 126,181 4,676,693 25 21 26 997,678 14,201,127 20 "43" 350,000 498,571 5,574,380 25 20 25 300,000 501,139 6,966,674 10 30 35 400,000 400,000 047,476 8,921,927 20 Peekskill N B&TOo Common.... Preferred Westehee Co Nat ~25~A W 17 Common——. Preferred Pleasantville— Mt Pleas Bk&TrOo Port Chester—1st N_ 106 100 "166 359 364 48 10 46 7 20 94 97 10 41 43 6X 8A White Plains— Citizens Bank 20 50 25 55 10 11X 60 15 12 X 20 50 51 12 22 e 23 ...... County Trust Go Yonkers— Central Nat Bank First National Bank in Yonkers 10 Common 200" 215"" Debenture notes.. "28" " .... Preferred.. 33"" 37 366,100 h 6A 6 98 95 2.800,000 11,929,458 2,500.000 4% Conv.Preferred 324,217 600,000 1 1,200,000 590,607 02,550,000 1.000.000 3,060,000 { 20 5,963,300 10,442,100 85,482,588 ioo 50 71,900,203 I 20 30 33 \ 50 44 47 100 6H 80 90 100 1425 1475 16,642,972 / 20 300.000 200.000 Capital notes.. 31,808,655 3.000.000 1.000,000 Union Trust Go: Common J2,393,279 10 J 1,322,946 45,413,759 300,000 112,368 2,769,686 e 465.000 391,680 475,436 532,484 1,887,899 4,862,713 11,113,036 6,552,059 53,458,724 46,440 1,095,057 200,000 145,805 loo.nnn 1 90,848 214,000 1 56,026 1,469,177 11,612,269 1,827,166 1,885,647 1,224,991 100 Greensboro— Guilford Nat Bank— Common Preferred 150,000 50,000 3,738,014 13 10 Charlotte Nat Bank. Commercial Nat Bk. Union Nat Bank American Trust Go.. Durham— Citizens' Nat Bank- Common 500,000 300,000 1.200.000 150.000 500,000 700.000 100.000 ........ Preferred 6,289,767 300,000 750.000 410,317 526,072 1,322,296 8.487,279 8,111,539 16,259,534 1,200,000 834,999 21,355,930 20 j 420,243 9,470,915 / 20 400,000 Citizens Trust Co— Schenectady Tr Co.. 1 10 1 10 1100 100 270 275 25 20 25 25 10 | 333,933 10 10 N o re cent 762,650 678,514 19,427,072 25 sa les 180,000 2,679,068 7,179,676 25 300.000 116,584 641,637 882,282 20,255,903 154,174 2.853,629 25 Winston-Salem— First National BankCommon 82,833 110.000 I Preferred 90,000 Wachovia Bk ATr.. e3.970.000 2,287,236 2,641,872 73,434,686 10 U 100 Wilson— Branch Bkg & Tr Co Common Preferred 400,000 I 396,000 100.000 ..... • 1 1 1 i» 1 gio" 1 1 1 1 1 100 100 100 200 Wilmington People's Sav Bk A Tr {<30 223,979 65 200 100 11,630,067 ' •i Raleigh— Nat Bk of Wilson... 200.000 1 253.590 J 196,283 5i 1 Ul First Citizens Bk&Tr 100 92 Schenectadylohawk Nat Bai Common 128 20 Wllm Sav A Tr Co.. 20 jlOO Nom! nal. Per share e Security Nat Bank— "25 ""IIA ~UA 15,533,690 37,558,858 Asheville— First Nat Bk A Tr.. Fidelity Bank Depositors Nati Bk. Security Trust Go— Capital notes.. a* NORTH CAROLINA Home 8avings Bank. Mech A Farmers Bk- 5% 17,886,691 Central Trust Go— A Charlotte— Kochester— Onooln-Allia Bk&Tr Common 48" 20 51 Jamaica, L. I.— Jamaica Nat Bank-. 1 25 39 49 2,707.300 863,400 1,000.000 2.000.000 28,760,935 f "llA 'l2~A 100 25 61,732,194 519,097,285 1,353,100 17,319,406 1,916,277 38,288,643 10,000.000 11,265,171 8.373,670 229,300 e 800,000 "15" 231"" 236"" 100 100 10 Common 610,292,530 f 20 32.998.440 Convertible pref__ 9,421.020 .Marine Midi Tr Co.. 6.000.000 9,020,975 104,788,878 New York Trus 25 12.500.000 27,798,656 324,291,006 181,000 25 4,162,000 600,000 2,500,000 4,752 200 99,441,300 200 Common 9 4 *13" Trust Oj— Mfrs Trust Go: Trust Go of Nor Am. Underwriters Tr Go. U S Trust Go of N Y 15 8 100 181690064 1449807513 249,375 2.945,053 J45129357 127,093 10 Yonkers Nat Bank & 100 e \ 50 Peoples N B A T Co : Common Preferred 100 10 25 share. 20 Peekskill— 12 29 H 50 14,120,759 73,396,510 502,000 8,144,000 572,000 8,493,000 4,158,687 59,715,259 18,052,039 292,526,346 332,200 33,900 3,947,134 76,076,573 640,900 221,900 1,066,000 10,773,000 2,889,970 23,627,831 2,027,000 12,059,000 Per Ask prices $ 1,571,036 2,378,043 10 City Bank Farmers' Trust Go 10,000.000 •Clinton Trust Go e 750,000 Colonial Trust Go... 1.000.000 Continental Bk&Tr. 4.000.000 Corn Ex Bk A Tr Go 15.000.000 Corporation Trust Go 600,000 Empire Trust Go 3,500,000 Equitable Trust Go. s 500,000 Federation Bk A Tr Go 825.000 Fulton Trust Go 2,000,000 Fiduciary Trust Oo._ 1.000,000 •Guaranty Trust Go. 90.000.000 Hellenic Bk A Tr Go. 1,000,000 Irving Trust Go 50.000.000 Schroder Trust Co__ 1,000,000 -Lawyers Tr Go-, 2,000,000 Nom. $ 210,555 174,194 28A 100 100 Banca Com It Tr G_ Banco dl Nap Tr Oo_ B'kof Montreal Tr Go Bid Par Deposits tee—Rye Nat Bk Rye Trust Co Tarrytown N B&TrOo share. 31, 1937 Bk of Athens Tr Go Westchester Co. (Concl.)— Ossinino—1st Nat Bk A Trust Co 200.000 (Draining Trust Go. e 350.000 Dec. 31 Cross Surplus & Profits Capital Ask Bid Par Institutions State NEW YORK Dec. 31 Cross Deposits 107 COMPANIES > ■ V ' 10 f 100 — "266" 275 250 ?160 1160 142 135 Syracuse— Common.,--.-.. 750.000 200,000 Preferred First Trust A Dep Co Common d4,691,844 Syracuse Trust Co— Common 1.000.000 1,318,263 51,560,753 Jl, 101,533 29,768,368 ... Capital notes 1.400.000 i 34 37 20 6 National Banks Dec. 31 17 14A 020 5A 16 A Fargo— U! Manufactur Nat Bk *1,400,000 National City Bank. 600.000 Union Nat Bank 0 634.400 0448.500 1,551,639 675,826 112,352 59,840 1.000.000 990,000 Jl,452,634 32,207,368 600,000 198.000 J 484,179 10,229.017 21,344,654 < 25 25 10,562,777 7,318,913 3,671,846 First Nat.Bk & Tr Co Common Merch Nat BkATrGo Nor A Dakota Tr Co 21 Preferred Oneida Nat Bk A Tr Common Preferred {\*0 1A mmm-•• National Banks Dec. 31 1A g60 500,000 280.000 Gapitai notes..... J 124,075 j 360,050 4,061,478 10,685,152 cent sa les 100 70,475 Institutions State OHIO Dec. 31 Per 200.000 1 495,000 1,241,645 100,000 Goodyear State Bk__ Firestone Pk TrAS B / 35 N 0 40 re cent Common les Capital debentures | <25 149,058 15,856,446 924,662 88,308 22,009,224 4,120,478 100 share. 100 200,000 608,000 N 14,798,569 19,587,830 11,072,409 100 1,218,171 171,653 137,627 9,785,277 3,280,941 1,726,325 100 97 10 les 270 100 cent 100 1,255,721 572,387 0 re sa First-Central Tr. Co. 8 J 603,955 Canton— First National Bank. 995,000 0 Geo. D. Harter Bank 0l.000.000 145 100 Cincinnati— Bronxville— Atlas Nat Tr Co Bronxville Tr Co.— 0 173,268 186,207 200,000 350,000 Mt. Vernon—lit N__ 0 Fleetwood Bk (The) 0 700.000 267,500 Mt Vernon Tr Go. 03.000.000 _ New Bochelle— Central Nat Bank. First Nat Bunk 320,623 300.000 650.000 New RochePe Tr.. 01,600.000 Huguenot Tr Go re 25 Nomi nal 20 t a o 100 n Akron— 25 sa 210.000 120,000 6,129,188 3,162,224 0 Dime Savings Bk Co Common 5,859,398 134,659 201,928 N Capital notes 165,605 500,000 150.000 250,000 0 n share. 100 100 2,584,720 1,884,312 9 Watertown500.000 165,858 117,877 30 / 20 i 0201,000 50.000 25 8 20 Utica— First Citizens Bk Per Dakota Nat Bank— Fargo National Bk— Troy— Troy Trust Co— Norm nal. 6A 14 A NORTH DAKOTA 0 a 3,647,684 4,176,431 572,000 116,012 641,460 12,759,000 3,206,155 6,454,566 2,150,685 4,558,617 1,509,649 14,878,620 272~290 143,743 514,093 1 20 125 100 18 10 1A Bank 26 160 32 2 20 1 3 20 27 30 10 20 1 3 20 25 A 400,000 200,000 199,500 0 Columbia Bk A S Co 150 100 0 20 100 01 nn Bk A Tr Go 0 10 J Marine Midland Corp. a June 30, 1937. Capital stock of the First Trust & Deposit Co. of Syracuse, N. Y.. consists of 348,849 shares of common stock of $6 par; 866,250 shares of preferred A stock of $3 par, and 52,566 shares of pref. B stock of $9 par a sh. e Common and preferred stock or debentures outstanding. /Dec. 31,1937. a Retirement price. Controlled /, ; 1 by Marine Midland Corp. k First report. I Last sale n Member First Bank Stock Corn, s New York State Banking Department on Dec. 17, 1937, approved plans to reduce capital stock of the Equitable Trust Co., New York, from $7,000,000, consisting of 280,000 shares of $25 par each, to $500,000, made up of 20,000 shares of $25 par each. c t AND BAMS 108 National Banks Dec. 31 Surplus & Profits Capital Ask Bid Par Cincinnati (Con.) 4,978,907 130 125 Capital Cross Deposits Ask Bid Par Nomi nal. Per share. 165 155 Allentown— 100 70,855,149 13,379,338 100 8,563,510 5,556,371 7,160,075 10 38 23 43 26 100 110 125 6,235,192 J100 125 150 1,000.000 1.000,000 450,000 500,000 1,583,967 2,168,404 1,168,168 883.010 150.000 295.500 289,043 250,000 263,390 249,300 432,984 4,253,784 253,468 2,849,645 200.000 138,839 429,889 52,309 192,829 271,505 1,138,067 14,171,996 683,020 8,198,771 3,801,635 300.000 769,950 200,000 362,141 13,180,385 I 59,000 1,445,436 50 396,510 300,000 300,000 400,000 400,000 2,795.641 3,992,671 6,297,231 4,333,617 13,036,101 11,673,124 10 11** 12** 25 50 75 60 80 100 100 1420 400.000 155,514 388,871 811,973 909,504 1,196,524 1,474.438 400.000 600.000 650.000 761,023 986,320 394,408 10,574,888 10,932,740 8,507,378 20 300.000 404,679 5,886,947 10 10 300.000 238,864 1.931,532 10 3.040.000 Oity National Bank. dl .100.700 6.000.000 Nerwood-Hyde Park 7,087,506 55,437,866 9,758,818 10 31 50 19 20 20 46 47 Allentown Nat Bank Merchants Nat'l Bk. I 600.000 Lincoln Nat Bank.. NarthsIdeBkATrOo d 600.000 People's Bk A 8v Oo d 600.000 Bk A Tr Oo Surplus & Profits Cross Deposits Nomi nal. Per share. first National Bank. COMPANIES Institutions State OHIO Dec. 31 TRUST 240.400 Prov 8 Bk & Tr Oo. 1.800,000 Second Nat Bank... 1.000.000 Be Ohio 8 Bk & Tr Oo 500,000 Western Bk & Tr Oo <12.000.000 Oentral Trust Oo 6,000.000 192,296 1,200,501 160,968 278.806 3,178,388 839,560 602,944 308,392 2,141,554 Fifth-Third-Union Tr ust Oo— Common 6.000.000 [3,100,000 Capital debentures 2'650,000 100 94 100 5,624,118 9,892,977 215 Second Bank.. Lehigh Vail Trust Oo 50 "27** 100 100 140 29 ** 150 135 .... 10 6 100 83 87 114 118 Altoona— First Nat Bank— Common Preferred I1-?? 1100 Altoona Trust Oo— Common 93,801,680 25 53 ** 100 10 2,331,445 3,143,879 46,121,838 15,079,199 6,802,533 11,759,504 66,692,050 Nat Preferred Oentral Trust Oo... 10 100 18 16 f 10 1 • « IH "O iO 115 Cleveland— Amer Sav Bank Co. 4,805,683 100 1,561,212 136,915,019 20 180,947 300.000 200 Erie— Central Nat Bk— Common... Preferred Olev Sav A Loan Oo. Lorain Street Bank. National City Bank. North Amer Bk Oo. Cleveland Trust Oo Common Capital notes Union Sav A L Oo 5.000.000 7.920.000 250,000 d 486,000 7.500.000 d 190.000 8** a24 16 . 589,731 1,981,975 164,619 4,432,262 4,268,909 138,236,939 58,496 685,676 100 60 4,150.176 347,218,076 10** 100 20 "23** 25** 100 Bank of Erie First National Bank dl .252.500 Lawrence Park N Bk 50.000 Marine Nat Bank... dl ,291,000 Nat Bk & Trust Co.. 300.000 360,229 2,835,674 2,980,141 28,420,582 1,654,482 2,487,582 55,427,834 3,906,988 1,395,632 70,207,979 Common 98 108 Union Bank 95 100 10 15 1 1 1 1 • I III 1 1 105 Oapltal Bk & Tr Oo. Harrisburg Nat Bank (The)-. Allison-East End Tr. - 250.000 ty Nat Bk A Tr Oo dl .800.000 Columbus Saving Bk d 80,000 Fifth Ave Sav Bk Oo 200,000 Huntington Nat Bk. d3.500,000 Market Exch Bk Oo. 200.000 Northern Sav Bk... d 150,000 Ohio National Bk c4.000.000 Sunion Bk A Tr Oo 15** 17** 100 Oentral Trust Oo C-._ 100 175" 165 50 II II Dauphin Dep Tr Oo. Harrisburg Trust Oo 177,262 Preferred Third N B & Tr Co. d Winters N B A Tr Oo Common 1.500,000 Preferred 800.000 7,911,876 /100 97 *25 Lancaster Oo Nat Bk d Farmers' Bk&Tr Oo 25 Common 562,242 15,280.993 ... 65 275 250 34.237,811 1100 l 60 155 20 145 50 188,180 Preferred Northern Bk A Tr Oo 595,433 ..... 10 8 Lanoaster— Fulton Nat Bank... 200.000 295.000 846.000 10 70 60 20 Ooneatoga Nat Bk. _ / 100 ...... Philadelphia— Oentral-Penn Nat Bk 500.000 400.000 668,458 200.000 175.000 177,349 Spltzer-R T A 8 Bk. 500.00C Ohio Oitizent Tr Co. Toledo Trust Co.... i .000,000 250,677 718,274 2,708,292 Capital debentures 14,697,878 40 35 j 25 Nat Bank of Toledo: Common Preferred 600.000 4,368,065 flOO 125 50 2,397,450 12.555.228 85,453,460 33 37 50 55 60 Market St Nat Bk.. NatBkofGer ATrOo 20** ( 50 24 "25 s"l6~ 1,852,539 60 38 42 100 289 294 100 50 100 10 2,087,596 3,258,849 f 10 i 3,281.748 Common 275.000 \ 132,782 Preferred 225,000 I Philadelphia Nat Bk 14,000,000 24,378,827 370,312,761 39,526 d 2,134,000 Roosevelt Bank 270.000 i - 25 6,025,513 ... 67,078 32 10 10 50 "27~ 348 46 6** "32" 358 43 ,§* alO "5** 64 6** 68 Northw'n Nat Bk— 145" 115 100 North Broad NatTBk Northeast Nat Bank 101,669,121 3,290,593 82,657,407 2,860,554 9,844,800 31,962,930 13,401,330 176,686 160,946 105,000 I 95.000 250,000 200.000 ... PpAfafPhH 10.433.229 18,470,437 294,432 4,200,980 1,911,857 1.000,000 400.000 Nat'l Bk of Olney— Common.. 14,165,633 137,546 5,303,526 67,418 200.000 Kensington Nat Bk. dl,138.517 20 Youngstown— 543,376 1,250.000 [ Oapltal notes 2,000.000 413,803 dl ,425,000 Mahoning Nat Bank Union Nat Bank 1-.250,000 1,924,295 Oity Tr A Sav Bk— Common 152,739 750,000 I Capital notes 1.243,700 326,944 8,832,491 Oorn Exch Nat Bank A Trust Oo 4,5*0,000 Erie National Bank. d 470,000 First National Bank. 3.111.00( Glmbel Bros Bk A Tr Dollar Sav A Tr Oo— Common 17 715" 102 ToledoCommerce Guxd Bk Common a5d" loo c Dayton— Merch N B A T CoCommon mmmrnrn 50 Harrisburg— Columbus- mmmmm 100 67,634 1,534,112 116,173 114,949 2,171,317 176,993 70,437 3,072,311 66*i 1 Security-Peoples TrPreferred 13.800.000 14.137.500 900.000 10 100 100 8 - - - - J 25 1 25 20 16 18 a 25 102** 103** 60 14 10 9 11 10 12 Second Nat Bank- Common.... 500.000 Preferred 650,000 South Phila Nat BkOommon 200,000 100,000 405,336 Preferred Tioga Nat Bk A TrOo d \ National Banks | OKLAHOMA Dec. 31 Tradesmen'sNational Bank A Trust Oo Institutions State Nomi nal. Per share. Guthrie— First National Bank. First State Bank... 100,000 75,000 MoAlester— Nat Bk of McAlester First Nat Bk of McA 100.000 e 144,162 68,246 2,262,857 1,478,938 25 204,000 242,236 2,656,000 2,292,826 161,413 358,193 371,660 2,611,347 3,719,287 5,116,286 100 5,902,864 56.410,383 7,333,702 19,972.572 1,510,950 16,063,583 1,028,907 1W 150 ,10 26 N 100 sa First Nat Bk A Tr Oo 200.000 First Nat Bk A Tr Oo 5.000,000 Fidelity Nat Bank.. d 450.000 Liberty Nat Bank.. dl.200.000 Oklahoma Nat Bank. 100.000 Tradesmen's Nat Bk 500.000 Stock Yards Bank 40,000 125,000 175.000 .... J 250,597 350,000 Preferred Nat Bk of Oom'erce. d Nat Bank of Tulsa— Preferred 240,321 2,895,976 234,168 781,120 40,455 355,738 19,130 2,000.000 el ,366,303 Fourth Nat Bank— Common Common 2,320,000 o les 1.400.00< 4.000 .nor Industrial Trust Oo dl,132,250 60U.UO' Common 1st preferred 2d preferred Land Title Bk A TOo Common 100 100 63,591 2.250.000 12,559,495 25,000 100 125 125 100 100 125 160 Security Bk A Tr Oo. Real Est Tr Oo 59,623,011 f 336,789 10 25 159 50 15 100 4,637,156 995,973 2,000,000 3.000.000 Jl,542,110 . 8.750,000 15,493,992 7.425,000 1,000.000 1,250,071 31,267,023 Dec. 31 OREGON 32 Arsenal Bank Bank of Ohio First National Bank 200.000 317,204 7,327,545 300,000 125.000 e Portland Tr A Sav Bk United States Nat'l 3,927,643 100,629,579 491,127 4,216,964 100 210 100 100 4.500.000 4,463,913 116,072.841 20 30 share 100 2,500,000 300,000 Bank 10 51 186 53 10 17** 18** 10 79 81 10 9** I105 3 ...... F 1 5 3** 10 10 100 50 10 100 27** 59 417 3,127,303 1,439,402 702,327 11,720,657 50 40 50 10 100 100 200,000 500,000 price, d Common and preferred stock or debentures outstanding, ' i March 31, 1937. I Last sale. s New stock. x Ex-dividend. 31** V Ex-rights. 28** 422"" 9 Member of the BancOhio Corp. June 30.1937. 107 57 Sale price. e 11 610 8 200.000 retirement 40" 34 54 Preferred stock 4** 10 100.000 Valley. 4 alO 9 110 : v:. h Preferred stock retired. 235 108 10** 2,445,000 242,896 20,582 c PortlandFirst National Bank. 311 181 100 60 a Nomi nal Per 306 Pittsburgh— Allegheny Valley Bk. Institutions Dec. 31 Eugene— i8* 50 100 100 25" "lio" 164 46,492,780 11,253,850 3,305,683 830,971 ♦ State 20 ...... 215,271 254,793 105,572 851,342 1.500.000 . Braddock Nat Bank. National Banks 100 36,409,239 3,200,000 14,164,080 Sonsitaly Bk A Tr Oo 20 100 100 30 31 10 590 100 27 "20" 41,080,613 90,210 2,719,534 342,360 2,165,950 427,823 1,762,361 96,524 1,506,970 17,100,525 104,145,512 641,114 e7,315,742 1,325,573 10,078,912 2,550,040 21,223.466 11,370,539 110,644,160 el,693,224 11,804,367 20 [ 35 25 20 25 F 60 20 4,824,926 2,629,990 50 24 20 3,241.273 55,957 . 5,112,324 J 20 \ | 123,723 8,586,777 Liberty Title A Tr Oo Provident Trust 1 12,035 75 225 175 100 49,194,954 , 50 100 100 10 Mitten Bk A Tr Oo 698,334 6,015,036 1.500.000 Ninth Bank A Tr Oo d2,464,810 732,334 20,029,517 Northern Trust Co.. 12,570,730 500,000 2,783,570 Nor Phila Trust Oo 500.000 1,278,788 7,165,232 Penn Oo for Insur on Lives A Grant Ann Tr A Safe Dep Oo. 8.400.00O 14,548,595 224,403,782 Penn W'h'g A S D Or 750.000 928,035 1,134,728 20 1,500,000 West Tulsa State Bk 100 185 32 [ Integrity Trust 0<h- Preferred Oklahoma City— Oity Nat'l BkATr Oo Tulsa— First Nat Bk A Tr Oo Oo of Pa 400.000 250.000 6.700.00P Prankford Trust Oo Germantown Tr Oo Glrard Trust Oo _ 100,000 300,000 Ohestnut Hill T A Tr finance re cent Muskog Citizens National Bk Commercial Nat Bk Banca Oom It Tr Oo. Broad Street Trust. Fldellty-Phila Tr Oo 100 100 3,300.000 300.000 1.000.00C d Wyoming Bk A Tr. Dec. 31 } 714,793 8,054,395 > Capital Pittsburgh (Concluded.) Dollar Saying* Bank Farmer* Deposit Nat First Nat TRUST Deposits Bid Par Nomi Per S 6.000.000 10,359,930 6.436,703 6.000.000 5.515,004 53,893,644 79,155,522 91,225,366 300,000 500.000 635,600 200,000 200,000 200.000 400,000 713,428 224,285 964,166 178,476 412,025 5,512,368 9,768,286 3,411,897 892,429 1,290,778 2,351,073 125,227 433,679 1,737,608 4,461,395 185 185 100 100 Ask Fourteenth St Bank. Freehold Bank Hazelwood Bk (The) Hill Top Bank Bank Homewood share. 266" 195 Pittsburgh Nomi tsal 172.70U 190 100 200.000 Ic 232,962 Preferred 100 37,851,764 (100 1100 share 100 615,657 142,848 195,145 4,558,609 1,501,651 527,536 486,089 5,955,755 4,146,386 100 10 160,000 68,849 2,757,775 4 25 250,000 200,000 17H 95 20 20 10 Columbia— "16 First Nat Bk of Col. 60 70 Lower Main St Bank 50 100 125 50 20 Mellon Nat Bank... Nat Bank of America 10 9X 10 Greenville— First National Bank. Common 108,375 Preferred Nor Side Deposit Bk Pitt National Bank. Sheraden Bank ... 50,000 2.000,00< l.OOO.OCM 1,320.000 2.000.000 Allegheny Trust Co. 376,624 i 497,500 700.000 t3,832,500 1.600.000 125.000 Farmers Deposit Tr. Fidelity Trust Co Manchester Saylngt Bank 3c Trust Co. Peoples-Pittsburgh 4,468,816 3,558,976 413,521 820,009 1,708,728 1,915,171 119,850 1,203,147 9,013,603 250.000 Union National Bank Union Sayings Bank. Colonial Trust Co... Oom'wealth Trust Co Dormont 8 & T Co. 151,900 604,110 153,057 200.000 700.000 South Hills Trust Co Union Trust Co Washington Tr Co.. West End Bask William Ponn Tr Co. 40.000 Preferred. 63 183" 193" 40 85 88 84 95 93 92 150' 84 2,586,732 50 6.000.000 10,997,023 92,266,510 875.000 410,878 6,064,668 253,351 150.000 2,051,363 125.000 371,037 1,921,002 1,500.000 92,753,188 235,449,328 500.000 1,277,244 6,328,639 178,392 200.000 1,945,264 i 103,501 175.000 2,111,017 31 5 5 Nomi nal Per Sioux Falls— 8c Tr. Nat Bk of So Dak... Northw'tSecurNatBk 385.000 100,000 1 i First Nat'l Bk 100 6200" 100 150,000 10 50 50 621,517 1,162,830 362,447 2,533,199 5,924,840 18,290,046 3,897,714 16,877,733 10 6 1.800.000 1.170.300 300.000 75 5 TENNESSEE 19 ~19K Per 275,000 1 375.000 9,656,621 1,271,682 40,261,697 50,000 200,000 950,000 1.000,000 43,993 110,620 1,207,123 468,419 100 1,524,213 2,549,153 6.25 25,315,972 100 100 11,301,023 50 15 70 28 60 15 20 First National Bank. Nat Bk of Commerce 1.000,000 1.000,000 40 60 State Savings Bank. Union Planters' Nat'l 50.000 1,731,997 2,009,933 77,094 41,278,995 28,214,347 1,389.000 25 "60" 65 Bank 8c Trust Co. 3,500.000 4,550,994 63,112,696 25 48 50 Common......... 3,000.000 11,316,366 53,081,645 Preferred 3,500,000 4,838,997 1,000,000 I 150,000 752,121 15.614,807 250.000 423,398 • 75 100.000 Third Nat B & T Co- Bank.... 25 26 -2,873,176 mm "65 mm 152,478 150.000 189.550 Common. Preferred 25 1,841,295 3 3H 25 600.000 500.000 250.000 250.000 225.000 W-B Dep 3c Say Bk. Wyoming Nat Bank. 211,064 352,010 513,349 250 100 50 50 107 435 31 Bank West Branch Bk & Tr 230 24 H 25M 13^ 14 H American Nat Bank I tlOO 574,062 925,831 5,711,333 19,959,928 10 19 500.000 1.133,300 J 993,542 9,249,008 (100 (6) 110 1,203,063 25,687,003 1100 100 105 1,000.000 220 235 Broadway Nat Bank 300,000 Commerce-Union Bk 1,000.000 25 m tm wmm "25"" 445 102 Preferred 104 Third National Bank 33 Willlamsport— Wllllamsport N Bk.. 230 109 50 2,475,953 4,515,005 5,422,665 49 25 9,495,373 245 50 100 1,219,658 24,068,166 14,719,057 3,878,456 8,141,902 310 220 220 Nashville Trust Co— Wllkes-Barre— 1,386,139 154,007 5,391,540 3,031,697 605,839 730,980 300 Nashville- Common 750.000 200.000 2,500,000 1.000,000 10 230 Memphis— -mmrnm 70 1 Penna Trust Co- 9 220 10 743,580 32 Park National Bank. 135 130 . 100 100 100 400.000 Preferred "145" 156"" Knoxville— Bank of Knoxville Oomm'l Bk 8c Tr Co. < HamiltonNatlonalBk i 60 75 2,440,935 South Side Bk 8c Tr. 100 32 153,580 I 155 1100 55 50 200.000 share. 200 150 (100 371,543 <2,800,000 28 2,257,000 966,222 200.000 300.000 300.000 190 100 18 348,655 39,555 4.050.000 Common Second Nat Bank Dec. 31 25 Scranton Nat Bk— ... State Institutions 10,125,600 984,182 625.000 Preferred 12K 1,148,436 62,630,015 1,113,483 les Nomi nal. Chattanooga— Bkg Oo_. Amer Tr 3c Hamilton Nat Bank. 7 10 10 186,888 5,051,487 149,555 200.000 i Hanover National Bk sa Commercial Nat Bk: Soranton— E. Scranton State Bk 0 re cent 16" 50 1,000.000 National Banks Dec. 31 6800 Common First National Bank 8,848,084 flOO 100 1,163,643 37 9,811,216 City Bank 3c Tr Co.. Beading Trust Co.. share 8 Beading— Preferred N mm mi mm 33 100 7 1,108,896 Union National Bank Berks Co Trust Co... Common • 85 100 100 400.000 Bank Ac Trust Co. Bank 100 4,731,258 3,121,554 plOO 117,460 230,466 178,197 63,157 c 795.000 Union Savings Bank. 40 20 92 Worklngman's Savgs First National Bank. Green Ridge Bank.. North Scrant Bk & Tr 25 65 50 25 Potter Title 3c Tr Co i Provident Trust Co. 26 Spartanburg— «25 100 201,905 21,711,446 250 25 Com'l Nat Bank— 100 1,757.246 f 25 1 25 40 1,824,415 50 11,372,075 50 1,312,681 100 31,922,311 36,093,868 100 50 3,939,110 6,119,464 100 30,730,472 100 19,991,658 100 50 2,485,405 68,642 243 65 e50 50 Common 141.625 1 Western 8 & D Bank 60 4,068,990 f 50 170.000 7.500.000 34,027,398 276,589,511 . Miners Nat Bank 16 10 100 100 0 200.000 35,000 Preferred. 50 16,692,893 5,515,001 445,306 1,100,000 1,200,000 Common 100 Peoples Nat Bank Common. First National 700.000 200,000 50,000 Miners 3c Merch Bk. South Oaro Nat Bk— Per % 502,070 204,607 40,315 Charleston— Citizens 3c Sou Bank 0 Carolina Sav Bank.. 100 Keystone Nat Bk— West Side Ask Bid Par Deposits at Iron 3c Glass Dol Sav Providence Gross Surplus & Profits Capital nai. Bank & Tr Co of East Pitts.. Forbe* National Bk. 109 COMPANIES Gross Surplus & Profits 100.000 First National Bank. - AND BANKS Fbb., 1938] National Banks Dec. 31 10 20 State Institutions TEXAS Dec. 31 10 Nomi nal York- Austin— Per Cent Nat Bk & Tr Co Preferred Droy & Mech N Bk. Industrial Nat Bank. Western Nat Bank.. York Co Nat Bank.. York N Bk 3c Tr Co. Guardian Trust Co.. York Trust Co 8 9 194,091 2,504,104 3.165,196 10 "24" 25"" 669,526 100 10 "19" 679,750 115,000 85,000 10 16H 5,711,911 4,782,918 4,108,833 7,302,952 400,000 490,851 778,643 72,735 12,427,706 15,752,319 share. 100 17H 878,610 532,617 770,167 1,227,092 J 131,781 400,000 200.000 20"~ 506,004 7,779,629 1,594,715 4,272,260 - I 100.000 500,000 125,000 225.000 300,000 600.000 500.000 750.000 First National Bank. 10 322,734 26,944 579,597 194,421 j, 150.000 Eastern Nat Bank.. f 400.000 489,799 300.000 . 250.000 190.000 Common..... 5 i Capital Nat Bank— Capital stock..... - 200 25 195 56 41 62 10 19 20 100 20 25 57 3,122,328 /100 tioo 0IOO Beaumont— . if 100 . Secur St Bk 3c t < 10,892,928 13,301,561 2,418,202 100 N 100 rec 100 sa o ant les Dallas— . 5,565,922 102,624,711 51,726 1,347,156 8,000,000 25,000 46 47 150 175 27,802,175 ( 20 \100 38 40 69.130,139 6,289,404 19,727,188 46 48 215 20 100 Liberty State Bank: 150.000 I 82,700 J Common National Banks Dec. 31 RHODE ISLAND Capital notes Mercantile Nat Bk- Nomi nal. Per share. Newport— k 400,000 1 . 276,656 235,000 . 6,025,755 r 25 [ 25 60 531,258 2,623*093 100 - 35 . 4,739,981 921,040 1.100,000 1 900,000 4,000,000 3,820,000 351,849 890.021 150,000 . *25"' 1.000.000 J100 20 100 20 210 ♦49 1.' 120,000 300.000 55,424 494,604 500,000 . . 123,106 1,049,045 4.411,025 25 80 87 85,804 1,755,950 (10 8 11 228,595 1,392.779 Common. 156'" 100,000 62,100 Common. 125.000 J 2,169,629 77.736 J100 100 Providence— . J 75.000 Common. 105.000 95,000 120.000 - 0 ) 110 60 . . It . Rhode 1 Hos Nat Bk. . Rhode Isld Hos TrC<> Union Trust Co j 215,274 22 "75" 140 280 190 30 2250" 28 "80" 150 300 210 35 2400" 140 t Citizens & Southern Bank of Savannah, Ga., system. c June 30, 1937. ... d A mutual savings 0 bank. , 200,000 J 305,993 3,017,810 (100 I 50 1100 , „r Preferred stock retirement price. /Member of the Northwest Bancorporatlon. q Affiliated with the Citizens & Southern Nat. Bank of Atlanta, Ga. by the Rhode Island Hospital Trust Co. 1 Last sale. > 248.750 30 6 Member of First Security Corp. 4 Common and preferred stock outstanding. Woonsocket— Preferred 29 Sale price. k Stock all owned Common. j 20 i 0IO * 25 350.000 5,044,675 150.000 25 790,004 50 850.000 8,438.304 934,745 450.000 50 3,428,582 1,500.000 2,552,833 12,111,656 100 100 4,000.000 9,695,557 110,911,893 181,122 125,000 25 1,519,926 2.500.000 2,892,225 51,623,059 *100 5.000.000 12,094,998 42,143,160 1000 1.000.000 1,378,405 22,967,490 100 54,079 "Ho" IC r 2,285,620 p Affiliate of the First Bank Stock x Ex-dividend. - • • • Corporation. — 110 BANKS National Banks National Banks Par Deposits Bid Surplus & Profits Capital Ask State VIRGINIA n 31 Dec. Gross Surplus & Profits Capital COMPANIES TRUST State Institutions Dec. 31 TEXAS Dec. 31 AND Institutions Dec. 31 Gross Par Deposits $ 399,297 1,057,263 * 300.000 300.000 ■1 Paso— El Paso Nat Bank. State National Bank $ 10,013,691 21,661,070 Per share. 100 Fort Worth— Continental Nat Bk. First National Bank: F» Worth Nat Bank: 394,045 812,931 750.000 a 1.500.000 14,826.303 35,342,732 1.000,000 72 20 69 39 43,703,066 I 20 39 41 60 41 % 511,316 $ 7,793,047 600.000 500.000 504,419 337.868 4,278,444 3.840,827 131,745 81,198 83,125 455,106 252,237 634,750 3,209,473 100 — 423,681 1,223,630 1 20 50 100 25 70.277 3,117,230 3,532,117 32,173,517 13,293,330 1.401,715 "lOO" Loan Bank i 185,851 74,197 2,251,592 2,499,994 375,586 79,746 261,833 6,081,489 1,061,552 2,495,824 803.913 893,774 65,485 9,866,599 18,843,185 717,962 60,687,146 2,140,000 100.000 Lynchburg Tr A 8 B. 300,000 Mar A Mec Sav Bk.. March A Planters Bk 51,852 349,000 250,000 2.500.000 Seaboard Citz N Bk. 1.500.000 Southern Savings Bk a 162,100 a 441 786 818,146 Nat Bk of Commerce Galveston- National Bank U 8 National Bank.. 353,078 353,374 200,000 200.000 City National Bank. First National Bank. Hutchings-Sealy 14,112,198 4,627,851 100 437.025 750.000 500.000 1 100 132** 1138 « 7** i 9 5 I 353** 100 50 0 les 995,106 50 25 240 30 250 118 35 117 33 100 cent sa 100 8,888,198 9,528,234 700,535 N re PetersburgCitizens Nat Bank 200,000 Petersb Sav A AmTr n I 60 Norfolk- 10 100 I 146 100 Depositors Industrial Com'lTr ASavs Bk: 1,500.000 11,790,355 900,000 Preferred 3,947 15.420 Fraternal Bk A Tr Co 87,977 Union Bank A Tr Oo a 235.000 Common Ask 5 Lynohburg— First National Bank. Lynchburg Nat Bank A Trust Oo People's Nat Bank. 100 Bid Nomi nal. Per share. Nomi nal. 276.000 10 10 10 7** 10 Houston— Citizens State Bank. City National Bank: Common Preferred 114,528 300.000 a 4,837,125 100 95 no 20 28 32 Portsmouth— American Nat Bank. 500,000 100.000 ..... 12,136,985 1 j 185,945 U00 500.000 Citizens 250 000 Trust Co.. Merch A Farmers Bk 449.000 a N 50 o 100 re cent 100 sa les First Nat Bank— jl.555,614 Preferred 49,558,110 J100 UOO ) 330,875 3.000.000 2.200.000 Common........ 14,664,350 /100 Riohmond— 160 632,500 367,500 Preferred 1.000.000 Second Nat'l Bank— Nat Bank of Comm. a3,000,000 State National Bank a1,000,000 1,000.000 Union National Bank South Texas Com 1.500,000 merclal Nat Bank200.000 Fidelity Trust Oo— 600.000 Guardian Trust Co. al .500.000 Houston Land A Tr ■an Jacinto Nat Bk335.000 Oommon Common... 26,750,291 37,499,690 2.064,046 262,507 762,136 433,113 100 20 49** 37 S.oon.oon 200.000 3,493,579 1,250.000 1.800.000 | 1,098,632 44,302,107 17** 18** 200.000 391,054 144,952 688,837 3,512,325 3,375,223 5.822,372 70~~ 80 323,721 1,489,407 337,511 6,038,251 25,423,740 4.213,433 "225 " 235" 350 300 100 100 27.433,524 100 125 195 216"" 41,694,710 326,993 6,691,025 5,335,151 100 280 300 80.000 jfc Mech A Mer Bank.. State-Planters 100 130 Bank Common Preferred 100 "ho" 155"" Sav Bank A Tr Oo 200.000 Southern Bk A Tr Oo Virginia Trust Co... al.100.000 25 80 110 90 100 100,000 27 "si" A Trust Oo: Roanoke— } 5,140,708 101,158 500.000 First Nat Exch Bank 100 90 (100 \100 1 Oolonial-Amer Nat B 1.000.000 Mountain Trust Bk. 315.000 Preferred 25 <100.000 1,000.000 9,157,312 100 35 Bank of Oomm A Tr Central National Bk. Oonsol Bk A Tr Co.. First A Mer Nat Bk. 100 1125 1,517,292 2,600,287 281,699 1,250,000 20 20 10 iiloo" 120 •mmmSmmm Houston Nat Bk- 800.000 65 215 90 50 100 100 Port Arthur- 100,000 290,000 533,811 313,879 500,000 First National BankMerchants Nat'l Bk. j 798,442 5,342,408 3,981,829 100 ...— 625 100 San AntonioAlamo National Bk: Common. .... 947.500 Preferred Bexar Oo Nat Bank- 16.895,808 uoo 130,456 200.000 1 100.000 1 222,469 1.200.000 Common Preferred Frost National Bank 125 140 uoo 2,699,591 / 29 50 1 50 34,985,202 100 36 "205"" National Banks d50 230 Institutions SOitr WASHINGTON Dec. 31 Dec. 31 Groos Nat Bank— 350.000 1 Common........ 130.000 Preferred Nat Bank of Comm. al .000.000 — 98,216 5,320.742 /100 100 ... 1.547,482 4,387,953 100 383,900 50,277 100,073 288,624 3.787,221 250.000 a 297,266 454,853 69,529 7,930,321 9,877,768 811,859 100 50 100 925.000 100.000 a National City Bank. rfloo 250 100 t 100.000 Oommon Waco— Citizens' Nat Bank.. First National Bank. 100 300.000 National Bank ofFort Sam Houston Ban Antonio Nat Bk South Texas Nat Bk- 21,209.456 Nomi nal. Per share. 110 95 "I75" 789,277 140 105 50 100 160 68 175 75 100 Seattle— Seattle—First Nat Bk 08.000,000 2.500.000 Nat Bk of Commerce 2 500.000 Pacific Nat Bank- 4,739.595 138,741,009 i 20 71,433,460 c 25 3.534.425 ISO 22,139,492 1,137.295 20 24,337,330 770.043 100 103.649 2,620,596 20 5,819,520 123,359 100 590,124 7.567,738 1,350.000 Peoples N B of WashSumitomo B of Seattle University Nat Bank Seattle Tr A Save Bk 200.000 400 -VM 550.000 31** 32** 145'" 145" 25 30 "24" 50 60 Spokane— First Nat Bk In Spok Old N 97,970 5,487,675 100 530,395 20,288,065 J100 581,567 7,724,322 KM) 1,042,666 214,061 18,013,448 6.190,020 100 170 185 25 18 20 497.450 a BAUnTCo. Common 550,000 1 ........ 200.00? No \100 450,000 Preferred Washington Trust Co y re cent sa les ' . - 1 Tacoma— Nat Bank of Wash.. al ,450,00" • Paget Sound Nat Bk Naiional Banks UTAH Dec 31 a 780,000 3tate Institution$ Dec 31 Noinx no*, Per Ogden— Commercial Sec Bk. 89,689 1,200,264 545,000 al,000,000 a 6,274,562 20,222,138 •hare. 100 100 Nationu. Ha-**Dec. 31 Salt Lake City— Oontl Nat BifcATr Oo Eton's Sav Bk & Tr Utah Sav A; Trust Co 900.000 750.000 750.000 1.000,000 300,000 Walker Bk & Tr Co: Common 1.500,000 t a 329,598 - .... 13,453,154 834,707 773,610 1,070,503 244,844 a a 16,814,264 13,466,732 14,347,521 2,764,830 646,324 27,556,989 400,000 Capital notes.. Nomi nal. 100 100 170 190 Charleston- 100 180 Charleston Nat Bk: 100 190 100 120 200 200 130 90 95 60 J100 70 Per 1.062.500 650,000 Common....... Preferred....... KanawhaBkgATr Oo Common VERMONT State Institutions Wheeling— Wheeling Sav Dec. 31 Nomi not. Barre— Granite S B A Tr Co Per a People's Nat Bank.. - S Bk A Tr Co \ L 310,000 h 200,000 204.500 474,518 230,700 153,652 3,504,814 2,737,242 1,921,880 share. 100 100 '115" 150 100 Chittenden Co Trust So wardNatBk&TrOo a Burlington Trust Co. Montpeller- Common 668,505 450,365 80,927 235,114 al.085.96) 6,166,532 5,844,441 841,833 3,347,914 100 100 40 100 100 N o re a 407.500 208,356 2,466,039 2033,75 les 10' 10 a 150,000 81,332 1,156,955 100 474,972 4,982,331 100 66,792 583,000 518,080 147,106 1,518,447 25 100 75 ICO 100 100 100 275 305" 100 130 145 Tr Mutual 75 85 Half Dollar Trust A Sav Bank a Nat Bank of W Va_. Nat Exchange Bank. I 80 Side Bk A Tr Oo. A Trust Oo — 449.605 k 500,000 100,000 300.000 726,035 4,813,379 4,735,016 1,108,8t>6 4,892,252 1,800,000 2,430.561 18,347.681 500.000 80 166" 614,951 88,342 224,281 1.903,084 1,322,765 100 150,000 100,000 272,915 131,878 2,841,560 1,027,284 100 t Stock of South Texas National Bank of San Antonio. Texas, all held by Central Securities Co. with exception of directors' qualifying shares. 2,698,870 /100 u 150,000 1 Preferred 180,000 ' 100,000 a * \100 20 30 Common ... Rutland T>um Oo... 10 121.055 3,171,001 153,865 2,041,072 J100 1100 100 N o re 100,000 i 125.000 a256.500 debentures outstanding. of the Marine Bancorporation. d Preferred stock retirement price, c cent sa les Member e Nat Bank- Klllington Na«. Bank Rutland Co Nat Bk: Preferred Sale price. Common and preferred stock or b Member of First Security Corp. a 25 Rutland— , 0 les Bank: ..... Montpeller Nat Bank Montp'r 8 B A Tr Co Oleme sa cent sa N re cent io< — Capital 8 B 4 Tr Co First National 491,500 600.000 150,000 Merchants Net Bank |100 21,114,346 2,862,664 267,954 s 471,265 1,305,066 76.582 200.00( 500.000 Oo Security Trust Co.. Wheeling Dollar 8av» Burlington— 4,999,386 share. / 25 \ 40 600.000 Center Citizens 306,777 21,002,043 100.000 1,000.000 Kanawha Valley Bk. Nat Bank of Oomm. Central Trust Co— Dec. 31 J 1,003,005 500.000 1 ...'. Capital notes 1 National Banks WEST VIRGINIA Member of the Northwest Bancorporation. g Effective Jan. 14, 1938, the Colville Valley Wash., became a branch of.the Seattle-First National Bank of Colvil e, National Bank of Seattle. Wash. h Dec. 31.1936. i Member First National Corp. . _ ' k June 30, 1937. I Last sale. n o r s Preferred stock retired. Controlled by the Joseph Member People's Corp. Trust funds. u Reserves. 1 x Ex-dlvidend. ; F. Meyer Interests, , FEB., 1938] BANKS National banks Dec. 31 AND TRUST COMPANIES 111 State Institutions WISCONSIN Dec. 31 Canadian Bank Statements Capital Surplus & Profits Beturns Cross Deposits Bid Par are all of Nov. 30,1937. Prices are per cent, not per share. Ask Nomi nal. La Crosse— 3 Batavian Nat Bank. % Per 500.000 fll75.000 400,000 100.000 Nat Bk of La Orosse. State Bk of La Or owe 4,852,747 1,183,206 5,759,552 2,746,914 20 100 « 20 100 20 200.000 Exchange State Bank 268,096 32,143 267,470 159,430 110,747 122,034 119,777 2,169,777 6,053,188 3,078,524 20 17 N share. 25 o re cent sa les NOVA SCOTIA Milwaukee— Amer State Bank Badger State Bank.. City Bank & Tr Oo__ d 500.(10" a 350.000 First Wise Nat'l Bk— Common......... Preferred Home S&ylngs Bank. Kiibourn State Bk.. 5,000,000 16,201,197 190,853,206 8,500,000 O350.000 125,416 1,982,337 ........ 40"" 454 LI. 50" 1,656,430 1,364,589 20 Halifax3 $ Bank of Nova Scotia i?.onn.oon >4,nnn,nnn 239.462.439 Bid Ask Per inn 300 100 250 100 170 100 100 224 220 cent. ■ 18 22* 37 100 34,695,444 Par Deposits 5 34 49,193 100.000 1 35,906 300.000 2,200,000 2,183,105 Income debentures Marine Nat Exch Bk Marshall A Hsley Bk a2.985,000 Mitchell St State Bk. a 596.000 Northern Bank..... 100,000 Park Savings Bank.. a 639.500 West Side Bank Wisconsin State Bk. First Wise Trust Co. 100 20 20 100.000 Lincoln State Bank: Common State Bank ef Milw. Teutonia A veStateBk d Cross Surplus A Profits Capital 19 1,601,732 12,702 550.000 i Toronto- 43,344,842 2,138,116 1,740,904 1,647,958 23,432 c 103,181 51,634 83,200 855,053 466,700 400.000 300.000 1.000.000 ONTARIO 2,050,722 1,983,546 4,645,536 3,896,860 3,876,872 234,655 721,698 18 21 "45" 20 7 9 160 27 12 200 31 20 QUEBEC 100 MontrealBank of Montreal Per 36.000.000 39.000.000 682,006,528 7.000.000 5.000.000 126,697,651 205 160 160** 12,740,603 46,109,576 113 "115" 3* OOO OOO 20.000.000 727,483,019 inn 185 188 Barclays Bk (Canada) 1,500.000 4,000,000 Royal Bk of Canada • 750.000 1,000.000 209 * Sale price. t Wisconsin Bankshares Corp. WYOMING cent. 100 100 100 100 Provincial Bk of Can Dec. 31 255 230* 8 20 100 20 Banqne Oanadienne. National Banks cent "55" 100 "loo Per Bank of Toronto 6.000.000 9.000.000 114.083,220 Can Bank of Comm. 30.000.000 20,000.000 523,749,365 Dominion Bank 7.000.000 7,000,000 108,583,787 Imperial Bank of Can 7.000.000 g.nnn.onn 123,760,691 no par stock. a Common and preferred stock debentures outstanding. c June 30, 1937. V Cheyenne— American Nat Bank. Stock Growers N Bk. 250.000 300.000 290,263 262,613 6,432,285 7,857,512 Quotations Bonds Atlanta 3s.... Atlantic 3s Bid. ........ Burlington 5s 4*4s California / / 5s ......... 99** 99** 40 40 100 Central Illinois 5s......... Chicago 454s 5s Dallas .... 3a d Unit of the Wisconsin Bankshares Corp. Per share. .............. Denver 5s First Carolines 5s.... ............. 98 92 are 100 100 e Member of the Northwest Bancorporatlon. I Last sale. for the last day of the month preceding the date of issue. Ask. Bid. Bonds. 100** 100** 93 100 Iowa of Sioux Kentucky Lafayette 5s.......... 50 50 102 27 6 54 6*4 102 100 95 102 City 4**s 5s............ Lincoln 99** ... 5s. _V_ - - New York 5s North Carolina 5s 98 First of New Orleans 5s..., First Texas of Houston 5s.. 98 98 100 100 First Trust of 99 101 102*4 3*4s Nov 6 1945 opt *40. 454« Fremont .... 5s Greensboro (N O) 5s Greenbrier 5s Illinois Midwest 5s—..... ..... f Flat price, x Ex-dividend. 100 54 64 65 68 Potomac 6s......... St Louis 5s............ 69 102 102 85 Southwest 5s Southern Minnesota 5s Atlanta 100 50 55 Atlantic Dallas 102 Denver 101 Dee Moines 100 ~ STOCKS mtmmm First Carollnas Freemont 101 Lincoln. 107 New York 10654 108*4 North Carolina 101 Pennsylvania 100 29 102 Potomac San Antonio......... 75 77 13 15 l100 / / 100 ; 100** 99 101 26 mm Par 50 -.100 ,—100 -100 40 10" ....... 105 ..... 99** —100 ... ..... 100 100 San Antonio 5s 100 100 82 100 100** 99** ... 100 98 74 101 / 98 ... 102 98 Phoenix 4**s._ 5s Chicago 4**s 5s Virginia-Carolina 3s 75 Bid 4**s. lOl"" Virginian 98 Pacific Coast of Portland 5s..... Pacific Coast of Salt Lake 5s Pacific Coast of San Francisco 5s. Pennsylvania 5s......... Bonds and Stocks. Union of Detroit 5s 99*4 Pacific Coast of L A 5s 96 96 72 I—I Ohio-Pennsylvania 5s...... Oregon-Washington 5s.... 100 Ask. 71 100 5s Louisville First of Fort Wayne 4Kb.. First of Montgomery 5s Fletcher Ex-dividend. x 40 —100 2 Virginia Virginia-Carolina ....... 18 100 -100 ......... 75 —100 -100 *4 1 8 43 ...100 ...100 20 .—100 36 1 74 5 ...100 68 112 Quotation* are a* near a* possible for the closing day of the Bid. Bonus Albany Metropolitan 5-6s 1949— Alden 6s 1941 Donds & ctfs-.-J& Allerton 55th St 534s 1945—F&A f Allerton N Y Oorp New cum income 2-6s 1955 f 53 34 1st income 4-5s 1958 J&J Debenture 2-4s 1963 J&J / Ambassador Hotel (Los Ang)— Non-cum inc. 3-5s 1950—A&O 91 93 56 59 Gair Realty 66 68 *41-MAN ArcadeBldg & Rlty (Seattle)— 3-6s 1948 J&J / Arcady-Wilshlre Oo (Los Ang)— 44 45 „ . Amer Insur Uo Bldg 6s HarrimaD Bldg 6s 1961-Hartford Times deb 43ss '51 5934 Hearst Brisbane Prop— 6s 1st fee & leasehold 1942 28 J&J / Income 5s 1948 „ Income 7s 1950 w-s__ Boston Postal Service— 11 25 934 23 5934 6234 93 34 (Louisville)— 1st sinking fund 5s 1949 3634 99 8734 2234 10234 102 Hi 2nd income 6s 1949 Bryant Pk Bldg (NY) 6H*'45J&J Budd Realty 6s June 1941—J&D 6s Sept 1941 M&S Bush Term Bldg 1st 6" 1960-A&O 10334 1-0334 54 56 J&J Cambridge Court Apt 634* 19371947 41 10 5s'46M&S 13 54 90 1941 — Century Parkway 6s 1956— Chain Store Depot 6s 1940—M&S Ohanin Building— 94" 90 Central Zone Bldg inc 6s. 93 Chesebrough Bldg 6s 1948--A&O Chicago Evening Amer 6s 1936-ChicHerald & Exam 6 34s '50 M&S 4834 52 8§« 9934 9534 43 45 55 8 94; _ A 50. 834 - iVA - Cleveland Theatre gen 5s 1944— 52 Colonial Apartments 6s 1937 Columbus Venetian & Stevens— 71 Income 3s-5s (w-s) Sept 1955-, With beneficial interest ctfs— / 55 -— Congress Square Hotel (Port Me) 534® 1946 M&N Court & Remsen Sta (Brooklyn) 6s 1940 A&O Bldg Corp 1st s f 334-5s_..1940 Davidson R'lty 6s w w 1940 A&O Detroit Hotel 63*s to 1941—M&S Dorset (The) 6s 1941 ctfs Drake (The) 6s 1939 Eastern Ambassador Hot 5 M&N 29 '47 Edgewater Beach Apts 6s to '43— 6 9634 ' Nominal 27" a 34 ~y ' 29 17 27 55 54 13 * 19 4 29 ;* f 57 15634 28 41 25 3734 50* 37 43 50 48 130 A 3934 52 . 3834 f]45 30 20 53 10 734 % 62 17 37 32 ' 5 / 75 k Last sale. 1934 2134 30 35 8 4 68* 102^ ri* ihlH 70 48 . 40 I 60 , 5034 76 53 53 55 5 B 1959.M&S ser Robert Treat Hotel (Newark) 6s 1943 J&J Roxy Theatre 634s 1940 A&O Russ Bldg. (Sac Fran.)6s '51 F&A Russeks 5th Ave Bldg 6s 1944— St Charles Hotel (Atl Oy) 4o 1945 / 28 H 49 lst 4-fis exten to 1948 Lefcourt State Bldg— 1948 — f / Lewis Morris Apts 634s 1937 Lincoln 42d St Oorp— m 30 934 52 534s 1938 A&O / Savoy-Plaza Com 6s 1945..J&D 1st s f 534* 1945 J&D f 20 50 39 3s with stock 1956— Schulte Real Estate 6s 1935— 2634 15"" St Lonis Post Offices— .... With stock Income 634® w s 1963 F&A / Lincoln Mtge & Title— Guar 5 34s ctfs of deposit / Loews Midland Theatre & Office Bldg 6s, 1941—M&N 634 70 59 M&S / 18 ——J&D Without 62 20 com stock J&D 6s debenture 1951—.—J&D SeviUa-Bilt Hotel 734s*37..M&N Sbelburn.lnc(AtlOy)6Hs'40- J&J 25 72 74 89 9034 3-5 34s deb inc (w s) 1956 60 Park Place Bldg 334s-6s—1947 16 16 1134 1134 2234 12 2734 2334 534 1334 Sherneth Corp— Loew State Bldg (Los Ang) 6s Loews Theatre *42 Rlty 6s *47 M&Slft Lombardy (The) 6s 1942 M&N London Terrace Apts 6s '40 M&N t Lord Bait Hotel g m 6 34s *45 A&O t 23 3734 38 >rds Court Bldg 534" General 7s 1941 1942-J&D f f Towers— 1946 i 65 75 38 '47-M&N 41 734 "134 J&D 1st 6s 2834 3034 434 534 50 Properties. Inc— Sec sf 534® 1946 J&J Merchants Nat Prop 4s 1958(w s) / Metropolitan Chain Properties— 1st conv s f 6s 1948 M&N Metropolitan Corp (Can) 6s 1947 Metropolitan Playhouses1— Debenture mtge 5s 1945—F&A Munton Bldg IN Y) 634s'39.M&N Nat Hots J of Cuba «• 1959-M&S Nat Press Bid 3-5s 1950 (ws)— Adj mtge inc Apr 15 434« 1950Natl Tower Bldg 634* 1944 A&O Neisner Bros Realty, Inc— Conv s f deb 6s 1948—J&D15 / / / / 73 76 88 F&A J / 534s series C2 / 534s series CW-1 / 534s series FI— —— / 534s series Q / 19th & Walnut St (Phila) 6a 1939- / 1900 Rlttenhouse Sq (Phila)— 5348 1943 -J&D / 1st cum income 5 34s 1945-J&D / North Station Indus Bldg (BosO 1st m s f 5s 1962 A&O Oliver Cromwell 6s 1939. / Steuben 20 21 Stevens Hotel (Chic) 1st 9834 53 39 22 41 2 2534 27" 85 102 103 6s M&S 1943 6s 1946-J&J 91 62] 20] 6434 2234 3 65 13 46 84 24 34 2434 5 67 24 99 101 Syracuse Hotel 634s 1940 Taft Realty (New Hav) 6«'40A&0 Income 3s w-s 1951 10 East 40th Street Bldg 5s 1953 Non-cum Inc 6s 1958 M&S 1088 Park Ave Bldg 6s 1939 62 20 25 2134 78 23 34 80 - conv 2 41 5 41 88 24 28 52 55 98 98 101 20 45 Tyler 37 5534 40"" 41* 42 Gen inc 6s July 1 1953 (w s) Un Post Off 534s 1948—Ann Apr 75 22 25 38 42 1st leashold 6Ks 50 1944-J&J 15 / Van Sweringen Co— 1st 6s 1935 F&A / 1st & coll s f 6s 1938 A&O I Van Sweringen Oorp 6s May 1 *35 ......... 65 12 43 1134 1134 Bldg 6s 1953 J&J A&O 60" " Wabash-Monroe Wadsworth Bldg (NY) 6s '53 46 10. 62"" Y) 22 70 45 3 10] 1941 P O <N 51 42 39 64 1234 38 101 U S Realty & Impt 6s 1944 V&nderbilt Avs Bldg Oorp— 5134 25 75 45 10 5334 Building— Varick St Sta .—F&A/ Orpheum Theatre & Realty— 6s 1946 M&S/ Palace Hotel(San Fr) 5s '45-F&A / Pantages (Alex) 6s to 1947-M&N - 4754 2124-34 Bway Bldg 534*—1943. 2480 Bway Bldg 2d mtge 3s 1944. f 35 21 M&N 103 East 57th St Bldg 6s 1941 110 So Penn Ave (Atl City)— 6s 1944 J&D 165 Broadway Bldg 6 Ma *51 F&A / 6 39 40 23 Lexington Ave 2s 1950 29th St Towers Bldg 3s 1942 2034 91 37 40 1st 3-5s (w s) 1958 M&N Textile Crafts Bldg 6s w s 1944— 51 M&N / 4 52 2634 3034 63 634 2734 Textile Bldg 1st 6s 1958.—M&N Gen 7s s f w w 1948 M&N 15 29 46 3 123< Bldg (Boston) Trinity Bldg 634* 1939 J&D Trinity Court Bi iidg 4s 194LM&S StampedUnstamped 2 Park Ave Bldg 4s—.—1946 43 45 34 3234 33 48] 39] 1134 23 1947 Strauss-Manhat 90 92 10 M&S 6s '33.J&D Stone & Webster 87 85 123i Certificates of deposit Income 5s W-S 1956 8* 88 50 87 Bldg (Chicago)— 5s One LaSaile St Bldg 6a 1949 J&J / One Park Av Bldg 6s to '39-M&N - M&N Income 5s 1945 Stanley-Mark Strand 634s 1941 Stanley Real Est 534* '45 J&D State-Randolph Bldg (Chicago)— 534s 1942 M&N / Station F Post Office 534s 1947— 78" Olympic Hotel (Seattle)— General s f 7s 1941 J&J 1953 76 New York Title & Mtge— 1st 6s 1943 6s §°5* (Memphis)— 49 A&O / 1st mtge 2-5s 1955 J&D/ N Y Majestic Corp 4s (w-s) 1956 N Y Postal Service Station— 534s series B-I 534s series B-K_ Southern Hotel - Mercantile 534s 1937 Sixty-one Broadway Building 3 34s 1950 with stock A&Oj/ Income 3-3 34s stpd 1955 616 Madison Ave Bldg 634» 1938Social Service Bldg (Pnila) 6s Speed Building (Louisville, Ky>- Marcy (The) 6s 1940——F&A Mark Hopkins Inc— 1st income 6s Feb 1 1952—— Marshall-We]Is Buildings— 1st 634s 1947 F&A Mayflower Hotel ( D O) 6s 1950— Mercantile Arcade Bldg (Los Ang) lstsf 534s 1953 J&D f 2d sf 6s 1951 £45 36 . N Y Athletic Club 6* 1946 3734 2734 11 — * 3634 / 1512 Spruce St (Phila)— 1st mtge 6s 1943 A&O 40 Exchange Place 5 34s 1956-J&J 40 Wall St Bldg 1st 6s 1958 42 Broadway Bldg 6s 1939—J&J 48 West 48th StBldg 6s 1936— 1400 B'way Bldg634sstm-1948— 1410 B'way Bldg 334« 1941-A&0 Fa*iDet Theatre 6s 1942 —A&O Fox New Academy of Music 1st leasehold 634s to 1941.M&S 3334 60 25 28 Eppley Hotels 1st sf3-5s 1951 J&J Equitable Office Bldg 5s 1952— Deb 5s Legended 1952 Ferry Sta PO (San Fr) 6s 1934— Film Center Bldg 6s 1943--A&O 6th Ave & 28th St Bldg 6 34® 19456th Ave & 29th St Bldg 6s 1948— 6th Ave & 55th St BldG 634« 1945. 15 Park Row 4s w s 1952. 60 B'way Bldg 3-6s 1946—M&S 51 Fifth Ave 4s 1943 A&O 52d & Madison Ave 6s 1947 55 Fifth Avenue 6s 1944-— M&N 600 Fifth Ave 6His stamp 1949.. 1500 Walnut Oorp (Phila)— 1st 6s 1950 9834 3134 11 Park Place Oorp 4s 1948 11 West 42d St 4s 1945-M&N 80 Broad St Bldg 634s 1950.M&S 80 Broad St Inc 4s Nov 1 1951— n 16 _ 31 pric^ 655H 1434 434 80 Manhattan 1.934 sy J&J Circle Theatre extd 6s 1946-M&S Oleve Term Bldg 1st 6s 1941-J&J / Fiat 51 / - Majestic Apts 6s 1948. 51)4 1734 Stamped Unstamped 73 Lord Nelson Hotel s f 4s 1st Leasehold inc 4s 1945-M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc 1st 1945-M&S S f dep 534s 1949 ser 1st 634s 1943---F&A Extend 1st 4-6 35 .. 25 65 534s stamped 1961—— 5H»s unstamped 1961 Quincy Station P O (Chicago)— 6s May 1 1941.. J&D 1st extended inc 5s 1950..J&D Realty Assoc Sec Oorp— income deb 6s Lefcourt Manhat Bldg- 21 ctfs— / 8 2434 Bldg(Denv) 3-5®'49_M&S / Properties— Deb 5s series A 1959 M&S Keith Memorial Bldg 6s 1943— Lake Sh Ath Club 634s '45 r Lawrence Hotel (Erie, Pa.) 6s 1948 67 M&N Gen Income 5s 1983.. Income 5s 1943 55 Units 1734 *52 Pennsylvania Bldg6s 1939--M&N Philip Schuyler 6s serial Pierrepont Hotel 3-4s 1951 Pitts Hotels Oorp 1st 6V4s *48M&J Mtge cum inc 5s May 1962--Conv cum Inc deb 5s May 1967 / Voting tr ctfs for common Poll New Engl Theatres 5s. 1958 Provident Loan Society 6% Prudence Company— 61 21 33 6 Park Place Dodge Corp 5s vtc Repub 60 (Boston) 1st mtge leasehold sf 3s 59* 22 Retail LaSaile Wacker 5s 51 30 Brown Hotel Cigar Stores Realty Holdings— 34"" 5s 1947 -F&A Insurance Exchange Building 21 48 . Cent Manhattan Props Lexington 4s 1955—M&S / '46J&J / Hotel Syracuse inc 3s 1955 Hotel Taft Oorp (N Y O)- 63 M&S 2734 Hotel Sherman (Ohio) 534s Hotel St George 4s 1950 ^ 534s July 1 1938 —J&J B'way Barclay Office Bldg— 1st, 2d 1956 Bway Mot Bldg <N Y) 6s *48 F&A Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3-5s 1944— Broadmoor (The) 6s 1941— Butler Hall 4-5s Hotel i* 5H» 1935 J&D Ben] Franklin 6s ctfs 1933----Berkeley-Carteret 534s '46-H&N Bing & Bing deb 634s 1950- M&S 10234 1st s f income 5s May 1 1948— Hotel Governor Clin os '48-A&O. 73 F&A , 47 t 6#s '36 (L I).A&O 6s (Brooklyn) 1942 Bellevue-Stratford (Phila)— 14 45 Baker Hotel (Dallas)— 1st s f 5s 1950 (with stk) -F&A Bait Parcel Post 534s 1949—— 39"" M&N M&N Herald Square Bldg inc 6s 1948— 10 inc 6s 1957-M&S Assoc Realty Bldg (Los Angeles) non-cum Baumann (L) Greeley Sq Bldg 6s 1951 32 56 1st mtge coll 534s 1957—J&J 6s 1957—-A&O 61 Feb / 30 _ Oum income 32 J&D 29 31 30 31 - Ask. 37 '64-J&J 27"" George Washington Hotel 6s 1944. Certificates of deposit / Granada Apt Bldg 6s 1938--M&S / Grant Bldg (Pittsb) 7s *47—F&A * Graybar Bldg (East Offices inc)— 28 Park Oresent 1st 6s 1940—M&S Park Lexington 634* ctfs 1953 40 40 Oorp"5s" 1948—1J&D 1st m leaseh 5p 1st 7s 1944-1947 -i-J&D / Assoc Chain Store Realty— Adj 38 36 Non-cum inc 5s June 11949J&J / Arrowhead Lake— 17 15 , Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 F&A Park Central Hotel 6s ctfs 1935- 934 1st s f 634s 1942 *&0 Fuller Bldg (GAF Realty Corp) 1st s f 53*s 1949 unstpd—J&J flo 1Q44. J* J Allied Owners Oorp Bid. Bonds. Ask. 634 Fox Theatre & Office Bldg lstsf 6s 1941. M&P Fox St Louis Theatre Bldg—• 38 . Bonds. Ask month preceding the date of issue. Bid. Walbridge Bldg (Bufr)634s 1938._ Waldorf Astoria 7s w W1954-M&S Non-cum Inc 5s 1954 M&S Wall & Beaver St Corp— 1st 434s w-s Nov 1 1951. J&J Warner Bros Hollywood Thea— 1st 634s 1941 M&N Washington Properties inc 7s 1952 Westlnghouse Bldg 4s 1948-A&0 White Motor Realty 6s 1940 Woodbridge Bldg 534* '41—A&O 7s 1940 A&O flM 25 88 4534