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QUOTATION RECORD REQ. U. S. RAT. 10 OFFICE IN RETROSPECT JANUARY Commercial and Finartr?i^lEvents_ 1 Hides and Leather Cotton 9 8 Iron and Steel Trade--.,--,-- — Money Market- .... Course of Stock Market — 15 Dividend Declarations 14 New — 17 .... 7 16 Petroleum and Its Products.- Federal Reserve Bank—Brokers' Loans 5 53 Foreign Affairs Foreign Exchange 9 Grain—Coffee—Sugar, Securities Called for ------ 12 Security Issues. 10 Rubber 9 __ 9 Textiles United States Treasury 11 Financing Redemption..Ill INDEX TO STOCK EXCHANGE QUOTATIONS Pace 57 New York Curb Exchange 41 Boston Stock Exchange 58 New York Stock Exchange—Bonds 19 Chicago Stock Exchange 54 New York Stock Exchange— Stocks.- Cleveland Stock Exchange 59 Philadelphia Stock Exchange 60 Pittsburgh Stock Exchange 66 64 San Francisco Stock Exchange.i 62 Baltimore Stock Exchange Detroit Stock Los Exchange.... Angeles Stock Exchange Pace Pag* Municipal Bonds— Companies— - — - - Canadian ;' -102 Domestic -HI Domestic 61 GENERAL QUOTATIONS INDEX TO Banks and Trust 31 . ... Canadian _ 92 94 84 Public Utility 92 Public Utility Stocks 78 93 Railroad Bonds. 67 Industrial Bonds 81 Railroad Stocks Industrial Stocks 85 Real Estate Bonds Exchange Seats Federal Land Bank Bonds Foreign Government Bonds Insurance Stocks Investing ____ i Companies Securities Joint Stock Land 100 72 84 Mining Stocks. 71 101 Real Estate Trust and Land Stocks.__ 85 Textile Stocks 85 Stocks — 85 United States Government Securities. Textile Stocks- 85 _ 73 Title Guarantee and Safe Deposit Banks— Securities Mill Stocks—see Bonds 92 United States Territorial Bonds 92 JTeloi?xjLebXt-y 6, 1941 WILLIAM B. William DANA COMPANY, PUBLISHERS Street, Corner of Sprlce Street, New York * IH4I Jfofc Beposit and %t\\st Co —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 glNCE 1876 this Company has devoted itself exclusively to the management and vation of its It is of conser¬ estates—specializing the whole effort highly trained organization in this business. country the of one which few has trust never companies engaged banking, selling securities, etc. in in the general Its Directors are: Charles II. Babeock A. E. Duncan Edwin G. William L. Galvin Baetjer William G. Baker, Jr. Howard Bruce Robert Garrett J. Edward Johnston George C. Cutler Blanc hard Lyman Delano Charles E. Rieman \ Randall BANK/ QUOTATION RECORD >■"••• REQ. - - Copyright in 1941.by WILLIAM B. Entered : OFFICE DANA COMPANY, in office of Librarian of Congress, Washington, the Post Office at New York, N. Y„ under the Act of Ma " •■ ■ The Bank and Quotation Record is one of the companion publication Mexico and Cuba, and $23 bank and Quotation The subscription price to the proposing tain Record is $12.50 an Congress President's Annual Message to The Nation had obtained more a State of Nation on definitive exposition of affairs from the delivered in person on Jan. 6 before the new Seventy-seventh Con¬ gress which convened on Jan. 3. In that address the Presi¬ its role in the present new state of wond President's State of the Union message which he OFFICE—208 La Salle Street. South WILLIAM William Street corner Spruce Street. defied dent COMPANY, Publishers, DANA B. Drapers' Gardens. E.G. Smith, 1 OFFICE—Edwards & LONDON Among more important meas¬ year. a hill to provide for a study of means seeking financing of the national defense and to main¬ even flow of purchasing power. 8outh in other foreign Single copies are sola at Postage outside of United States extra. last the orderly $1.60 per copy. CHICAGO NO. 2 banks; States countries. year. ch 3. 1879 reciprocal taxation of Federal, State and municipal securi¬ ties; a hill proposing Federal ownership of the Federal Re¬ serve Chronicle and is issued monthly. Terms for the Chronicle are $18 Der annum within the United and U. 8. Possessions and Territories; $19.50 in Canada; $21.50 in a D. C. presented to the present session are: a bill ures V America, Spain, from introduced Quotation Record and of the Commercial & Financial Central PAT. NEW YORK, FEBRUARY 6, 1941 : ' . Bank and S. Second Class Matter, March 9. 1928. at as VOL.14. '1 U. New York full the lined denounced appeasers, called for dictators, material, aid the, embattled to democracies and out¬ four-point program for an eventual peace built upon a .no JANiJ^Y^BOMmmVlAL REVIEW OF EVENTS FINANCIAL President With assembled and and the years, work at 011 large which has program for it, the Nation during the month been mapped out under the defense prob¬ lem and ite companionate problem of$bxtending all possible aid to Great Britain in her struggle against the Axis Pow¬ ers. Even before Mr. Roosevelt broke all precedent by becoming the first man to start a third term as Presi¬ dent (on Jan. 20), Congress was at work 011 the bills which lie thinks necessary in the present emergency. Chief of these was the much discussed lease-lend bill which gives the President unprecedentedly broad powers to extend aid to belligerent democracies and which alters America's policy of unqualified neutrality to a policy of what may be called review again primarily concerned with was Americans, by try, not content are to was the challenge Mr. the large crowd which assembled in God." of uttered Roosevelt stand still. forward, in the service of our coun¬ go we will the to poiiey: and without regard to defense; support of all those resolute peoples, everywhere, who are resisting aggression and are thereby keeping war away from our hemi¬ By To That witness him take the oath of third time from Charles E. Hughes, Chief Jus¬ Washington office for Jan. 20 to on a Recalling that in Washington's day the task of the people "was to create and weld to¬ gether a Nation" and that in Lincoln's day the task was "to preserve that Nation from disruption from within," Mr. Roosevelt in his short, philosophical inaugural address Supreme Court. tice of the this task the day the peop'e of is to save that Nation and its disruption from without.. from continued: We know it cannot die—because it is built on the unhampered initiative of individual men and women joined together in a common enterprise—an enterprise undertaken and carried through by the free expression of a free majority. is Democracy eying. not . . . The President concluded by Our strong is purpose saying: and protect to perpetuate integrity the of democracy. A few minutes before fice, the retiring who is of man the President President took the oatli of of¬ the John Vice-President to be Nance Garner Vice-President Senate for the of four next swore in the country and Henry years, Agard Wallace. Senate Confirms Officially Re-election Elected Harrison Senator of President President Pro of Senate —Rep. Ray burn Re-elected Speaker of House—Bills Introduced The reelection of and the election of President Roosevelt Henry A. Wallace as for a third Vice-President term was officially confirmed by Congress on Jan. 0 with the counting by four tellers of ballots cast by 531 presidential electors in the 48 States. After a half hour of tallying, it was an¬ nounced to a joint meeting of the Senate and House that Wallace had received 449 elec¬ President Roosevelt and Mr. toral votes and Wendell L. Willkie and Charles L. McNary, Republican candidates,, had received 82 electoral votes. At its session Jan. 0 the Senate, by a vote of 55 to 21, the elected Senator Pat President Senator pro Harrison, Democrat of Mississippi, its tempore for the H. Vandenberg Arthur Seventy-seventh of Michigan Congress. was the Re¬ publican nominee for the post. Senator Harrison succeeds the late Senator Key Pittman. He is also Chairman of Senate Relations Committee. The House of Representatives has reelected Representative Sam Rayburn, Democrat of Texas, as its Speaker during the new session. the defining the way these aims should he carried out In Foreign Let in / and maintain and organizing In dictators as an of fulfillment tanks, this that our aid Such aggiession. aid is to not the you, vitally concerned our energies, our the strength to regain in ever-increasing num¬ forth as a breach of international law and democracies which dare to resist their act an send you are This is our purpose and our pledge." will not be intimidated by the threats we regard will they war of act give to shall We guns. purpose Americans putting are powers world. tree a planes, ships, bers, We freedom. of our "We democracies: the to say defense your of war, even if a dictator should unilaterally proclaim it so to be. The President this ask slia.ll authorizations Congress munitions nations added: Congress carry for what on greatly increased new appropriations we have begun. I shall also ask and this funds sufficient to manufacture additional many kinds, to be turned over to those war with aggressor nations. Our most immediate role is to act as an arsenal for them as well as for They do not need man-power. They do need billions of for authority and for and war supplies of ourselves. dollars' to which and useful are now actual in worth of the weapons of defense. "the time is near when they will not he able for them in ready cash," the President explained, "we cannot, and will not, tell them they must surrender." to pay Instead, we must send them material and "within a reason¬ able time following the close of hostilities," we shall be repaid "in similar materials, or at our option, in other goods kinds which they can produce and which we need." The four essential freedoms which the President outlined of many forming-the basis of a peaceful world were: of speech and expression; freedom of every person to worship God in his own way; freedom from want which, in world terms, means economic understandings which will 6ecure to every nation a peace-time life for its inhabitants, and, freedom from fear which, translated into world terms, means world-wide reduction of armaments, to such a point and in such a thorough fashion that no nation will be in a position to commit an act of physical aggression against any neighbor. as Freedom President's Budget Message The President mean the in outlined what the defense program would way of appropriations in the annual budget which he transmitted on Jan. 8. In this message President suggested that Congress appropriate $17,- message the 485,528,049 to carry on the activities of Government during the 1942 fiscal year. Of this sum, $10,811,000,000 would go for national defense and the rest for fixed charges and The present total of for the 1942 much as it made no provision for financing Britain which is contemplated. The Presi¬ regular functions of the Government. the budget was considered a minimum outlay fiscal year, in as the aid to Great dent estimated that despite the 15% reduction in those ex¬ penditures which do not come under the classification of "fixed commitments" and the prospect that Treasury in¬ come for the next year deficit for the 1942 fiscal for the current, fiscal the President probably will set a record, the year would be $9,210,000,000 and year $6,189,000,(XX). These deficits, indicated, would have to be financed through borrowing, and in this connection lie suggested national debt limit he removed entirely. "I of them of minor nature and many re- cept Congress, most r> us resources Hundreds of hills have been introduced in the new session of the President stated: Roosevelt—- Tempore principles of morality and considerations for us^to acquiesce in a peace dictated by by appeasers. that sponsored and aggressors Although institutions He proposition security will never permit own declared: In ; the Fo 1 , public will the committed to all-inclusive national are full sphere our we of expression impressive au partisanship of non-hehigerent neutrality. "We do not retreat. We As the security they once had, the .Presi¬ forth the following three principles of our national offered longer dent set in the White House with the new Congress installed ltoosevelt four another for - ~ AND that the question the significance of a statutory debt limit ex¬ as it serves as a fiscal monitor," the President said 2 MONTHLY EE VIEW ; after reviewing the history of the limitation. He asked, an immediate start towards meeting a larger however, for share defense payments from of reach to social the 1942 during though revenues $8,971,000,000, nearly $696,000,000 in While the President did not including security tax revenues. the form recommend the ferred Congress that current tax receipts even fiscal year are expected should taxes new take, he in¬ higher levies on indi¬ viduals and corporations making profits out of the defense program instead of imposing any form of new consumption tax, or other levies which would unnecessarily interfere with the full use of the productive capacities of American enterprise. The President estimated relief needs for the 1942 fiscal year at $995,000,000, as compared with $1,395,000,000 being spent for relief during the current fiscal year. Vice-President should Wallace place Duties Assumes Presiding as Officer of Henry A. Wallace assumed his duties as presiding officer of the Senate on Jan. 21 at a brief session. He welcomed to the Senate by was ley, who made short talk a 38-year congressional a served and Majority Leader Bark- parliamentary on rules to be Mr. Wallace succeeds John N. Garner, who ended followed. career Mr. Garner had Senate for the last eight President of the as Jan. 20. on which authorizes $909,000,000 to be spent for shipbuilding and ordnance manufacturing facili¬ the Navy, divided as follows: $194,000,000 for ord¬ ties for munitions and armament facilities; $315,000,000 for and facilities at either private or naval estab¬ for building naval vessels, and $400,000,000 for building 400 small naval craft. These bills were approved nance, equipment lishments by the Senate on Jan. 27 and Jan. 29, respectively, and sent to the President; he signed the $300,000,000 anti-aircraft defense Feb. the measure Senate years, prior to that had been a member of the House of Repre¬ the able consideration" Such from a the long-range Maritime and of program Britain—Entitled "Act that is shipyard facilities the The legislation which the implement the policy President believes is necessary "ali out" aid to the non-Axis Powers now under attack wasApj^sented to Congress on Jan. 10 by Senator Barkley and Representative McCormack, majority leaders of the Senate and House, respectively. Carrying one of the greatest grants of authority ever ex¬ tended by Congress to the President, either in peace or war, the measure (H. R. 1776) confers upon the Chief Executive practically unlimited personal power to place American war equipment, new and old, at the disposal of foreign nations of far so possible Marine Act, as of with the shipvvays Additional building the for Merchant interference as avoided. provided, simplest and these and in emergency specifically necessary, manner the shortest time. possible House Committee^ Action Bill Increasing on to to Promote Defense of United States" to be must 1936 well as program, therefore be in program proceeding under the that program, purpose, the President said: shipbuilding should be entirely distinct with which the United States construction with ships should for of this measure, emergency Commission interference cargo Great authority specifically appropriates $313,500,000 and ratifies $36,500,000 already made available by the President from his emergency fund. In requesting "immediate and favor¬ administering his duties and on the motion of Senator Byrnes, Democrat of South Carolina, a resolution was adopted eulogizing him. Aid^ to on new cargo ships, the House approv¬ Jan. 24 and the Senate on Feb. 3. The on construction Extend bill Jan. 22 and on measure necessary to $909,000,000 of ing the request other Bill the ft>r $350,000,000 in appropriations and contractual Senators joined in praising Mr. Garner's record in Lease-Lend and by the House Jan. of number naval numerous bill passed 27 was that providing for an increase appointments to be made to the Naval Acadamy. The President signed this measure on Jan. 30. Congress also speeded action on the President's request in At the Jan. 20 session of the Senate sentatives from Texas. 29 Jan. on Another 1. for construction of 200 Senate—John N. Garner Ends Public Career Vice-President 22 Jan. on additional National Debt Limit $65,000,000,000 Approval by the House Ways and. Means Committee on 30 of the Dougliton bill which raises the debt lim^/ Jan. to $65,000,000,000, authorizes taxation of income from future issues of Federal Government securities and eliminates the setting aside of $4,000,000,000 of the present $49,000,000,000 debt limit as special national defense debt with a sink¬ Just before the House com¬ a ing fund and earmarked taxes. mittee acted, clared at a. sufficient Secretary to of Treasury the conference that press take the Morgenthau limit new de¬ would be of aid-to-Great Britain care yards, &c\, or otherwise to procure any defense article for the government of any country whose defense he deems expenditures under the lease-lend bill, as well as United States require¬ ments. He estimated that the actual debt on June 30, 1942, would be $58,000,000,000. On the previous day (Jan. 29) Mr. Morgenthau told the House committee that the Treasury planned to issue, certificates and stamps of vital to the United small in the interest of the defense of the United States. Under the terms of the bill the President is empowered to author¬ ize' the manufacture in Government arsenals, factories, ship¬ fer, exchange, States. lease, He is authorized to sell, trans¬ "or lend otherwise dispose of" such defense article to any such government and to instruct his defense subordinates to test, inspect, prove, repair, out¬ fit, recondition otherwise or defense article for any place in good working any such government. bank the "real The first at this bill, which to the United States. The terms conditions and the provisions of the bill would be carried out President's The under which left to the are discretion. measure aroused marked opposition, but after lengthy hearings by the House Foreign Affairs Committee, during which the pros and cons of America's position in the world today bluntly analyzed by Administration lead¬ were it seemed headed for ers, limiting amendments. the House Foreign albeit passage These with minor some amendments, as approved by Committee on Jan. 29, pro¬ Affairs vided that: No defense consults No with powers articles his in will military the bill be disposed be of by the President after June 30, Nothing in the hill is to be construed to authorize vessels by naval vessels of the Unitetd States, and "The this President, from 90 days, shall every Act public interest time transmit to to time, the information such except before he convoying of but not Congress he as a less the frequently report of deems 1943 ; than the the were by various of its members, and favorably reported to the House on Jan. 30. Meanwhile, the would have doubtless met more oppo¬ sition than it did had it not been for the fact that Wendell L. Willkie, Republican presidential candidate in 1940, issued statement with certain although aware minor he Executive's that Jan. on 12 reservations. opposed hands the endorsing the as the Mr. terms concentration much present world as of the said did, called the he for bill that in power else anyone situation of Willkie was unusual Congressional Action Naval and Other Defense Measures on Although the primary concern of Congress was in have been considering budget. recommended the dent's and appropriations The bills on also to with the suggested which action make in was a start anti-aircraft defenses. The House passed by vote of 340 a 1940 because measure that contained measure war risk insurance. These items are not included from last year's total the current appropriation would reflect an in¬ crease of $145,000,000. In reporting the bill the House Ap¬ propriations Committee mildly chided President Roosevelt for using the emergency fund granted to him last year for purposes not essentially of an emergency character. Other action by Congress last month included: by Time for Certification of National Defense Facilities—Ap¬ of the House Jan. on 24 and the Senate on Jan. 29 of the bill extending by 60 days the time for the issuance of certificates permitting five-year tax amortization of new defense manufacturing facilities under the 1940 Excess Additional Jan. on 29 ahead bill. for Signed Army by the President Clothing—Approval Feb. by for time, Associate Tax $175,000,000 Army clothing equipment bill. replacement clothing for 1,400,000 men a orders of Profits Appropriations of so that the manufacturers Justice McReynolds will Retires not be This to House measure be placed rushed.. Associate as 1. the Justice of United States Supreme Court James Clark United McReynolds retired as Associate Justice of States Supreme Court on Feb. 1 after a long during which, as a staunch conservative member of the bench, he opposed much of the New Deal legislation. The 79-year-old Associate Justice announced his retirement career in a said on letter he sent to the President that full he would salary. The lated the Justice United on The States Signed avail on President's his on himself of Jan. 22 in which he the letter privilege to retire of reply congratu¬ long service. Supreme Court Decisions—Upholds Labor Board Contract—Ruling in Case of H. J. Heinz Co. National Labor Relations Board has the power to em¬ bodying terms of agreements reached in collective bargain¬ ing negotiations, the United States Supreme Court con¬ in an important decision handed down on Jan. 6. tended Presi¬ The decision held that the refusal of H. J. Heinz Co., Pitts¬ completed burgh, to sign the agreement after its*• terms had been agreed upon constituted a "refusal to bargain collectively" the were chiefly naval bills. One of them, which the House approved on Jan. 21, authorizes the expenditure of $300,000,000 for major alterations op 58 naval vessels, chiefly for Jan. 31 on compel employers to sign contracts with their workers lease-lend bill, it found time to act upon other defense bills which passed year's bill, and if they "were subtracted this steps, and he was therefore willing to grant the powers the President requested for a limited time. to be acted upon in the bill measure Independent Offices appropriation marine its hearings the measure. The lease-lend a the House measure Senate Foreign Affairs Committee commenced on the permits The committee rejected 21 other amendments which offered once with the was While than operations under incompatible program $175,000,000 for defense housing, $50,000,000 for relief of refugees in invaded areas of Europe, and $40,000,000 for proval disclose." to 12. Extension exercised defense rather than out of technically the $1,404,329,838 measure was $9,244,500 below budget estimates, it was actually higher chiefs; can the the people," major appropriations session information, pertaining to defense articles furnished by help finance deposits. given power to communicate to foreign governments defense any to savings of Independent Offices Appropriation Bill / assed by House order Finally, he is denomination of out another bill and was therefore ing of the unanimous an unfair labor Wagner Act. decision, said practice within the Justice that Stone, while ;the who mean¬ wrote the Wagner Act did Feb., 1941] 3 MONTHLY REVIEW . \ employer to enter into an agreement with "it does not follow that having reached an not require an the workers, agreement, he can refuse to sign it, because he has never agreed to sigh one." He added: H<! may never have agreed to bargain, but the statute requires him to do that To so. freedom his extent restricted is order to secure in the collective bargaining as the means of curtailing labor disputes affecting interstate commerce. Freedom of the employer to refuse to make an agreement relates to its terms in matters of substance and not, once it is reached, to its expression objective legislative in of signed conrtact, absence of which, as experience has shown, tends the end sought, by the requirement for collective bargaining. a Supreme Court Ruling Collection of Processing Taxes—Opinion Co. on Case of Cowder Manufacturing in held Govern¬ ment under a contract providing for reimbursement of Fed¬ eral taxes "directly" imposed is not entitled to collect for processing taxes paid by others. The contention of the Cowden Manufacturing Co. of Kansas City, Mo., which brought the suit, was that it had a right to be reimbursed because in purchasing cloth and thread for making suits for the Government it was compelled to reimburse the another decision Iii that processing taxes paid by them. On Jan. 13 the Supreme Court granted the Government review of a decision holding invalid an order issued by for sellers a (Jan. 13) the court last month selling goods to the Federal manufacturer a Agriculture Wallace reducing the maximum fees permitted commission agents at the Kansas City Stock¬ yards between 1933 and 1937. Court Rulings Other Supreme Other decisions of the court last month were : A, decision 011 Jan. upholding 6 orders issued Texas Railroad by the prorating the production of oil in the East Texas fields. decision 011 Jan. 13 holding that the Espionage Act of 1917 (spy-law) Commission A the in decision A bill. unconstitutional a Pennslyvania law which held 20 Jan. 011 specifically defense as well as to those matters, of national all to mentioned registration of aliens. The six-to-three decision held that the power of a State to register aliens is subordinate to that of the Federal Government and that passage by Congress of the Federal law the requiring registration was aliens "through for alien law-abiding providing protect a manifestation of its purpose to uniform national registration one system." on Jan. 6 unanimously Black in the explosions in 1916-17. .approximately $50,000,000 nitions upholding the awards of President Roosevelt Personally claims of Tom and Kingsland, N. J., mu¬ Welcomes Lord Halifax, former and 3. Feb. Roosevelt President as President Roosevelt announced on Jan. 7 that the customary procedure being for new Ambassadors first visit State Department officials and then make a to presentation of credentials at the White House. Accompanying the President to Annapolis were Secretary of the Navy Knox, Admiral Harold Ii. Stark, Chief of Naval On 23 Jan. Roosevelt President Major-General Edwin M. Watson, presidential and Captain Daniel Callaghan, Operations; Mr. After Roosevelt met on board the battleship the party transferred to the yacht Potomac and back to Annapolis. The President then drove Lord cruised Halifax to the British Embassy at Washington. Lord Halifax, who was formerly British Foreign Secre¬ and Lady tary, succeeds the late Marquess of Lothian, who died in Washington on Dec. 12. The new Ambassador assumed his duties 011 Jan. 25, and Hull official first his as on act conferred is Roosevelt to President practicing law in Washington, D. C„ was Underof the Treasury from May to November, 1933. now approved the appointment on Jan. 31. Senate The President Roosevelt Defines Powers of New President Roosevelt Jan. 7 issued the executive order on providing for the previously announced Office of Produc¬ tion Management which will consolidate and coordinate the various activities now in operation to provide an adequate national defense. The OPM consists of William S. Knudsen as Director General, Sidney Hillnmn as Associate Director . visited Speaker of the Martin, Republican leader. sentative Department on Jan. 30 made public the remarks exchanged by the President and the Ambassador when the The State latter his presented formal ceremony was of letters held. credence on Jan. 24. tary of the Navy Frank Knox. The functions of the OPM as described in the President's order are to form and execute the in public interest all measures needed to increase the production and supply of defense materials; survey the re¬ quirements of the War and Navy Departments and of for¬ eign governments; coordinate the placement of major de¬ fense take steps to provide an adequate supply of orders; materials; make plans for the mobilization of the departments. Admiral William D. Leahy as announced: were Division Production—John of Biggers. Division of Purchases—Donald Nelson. Division of Priorities—Edward R. wras welcomed at OPM issued a statement saying the retired naval officer presented his creden¬ American Ambassador to France. Admiral Leahy* tial . as who was Jan. 011 formerly Governor of Puerto Rico, arrived in Vichy 5 from Lisbon, Portugal: the new Ambassador had journeyed United to Lisbon States naval from the cruiser United States aboard the Tuscaloosa. In addition to to Marshal Petain, Admiral Leahy also delivered to the French. Chief of State a personal note from President Roosevelt. As Ambassador to France, presenting his credentials Admiral Leahy succeeds. President Roosevelt William C. Bullitt. Nominates Charles Harwood Governor Virgin Islands—Also Names Former Representative G. as of 7? Swope Governor of Puerto Rico nations of Charles Harwood of New York to be T. Governor of Virgin Islands, and that of former Representative Guy Democrat of Pennsylvania, to be Governor of Puerto Rico. Approval of these appointments was given by Swope, of head the National Coordinates President Roosevelt Defense Housing on Defense Housing into Appointed Head of New Agency Jan. 11 established a Division of Coordination and appointed C. F. Palmer new agency. Acting under his "national emergency" proclamation of September, 1939, Mr. Roosevelt set up the new housing organization within the office for Management Emergency of the Executive Office of the President, thus making it independent of any other Federal Mr. Palmer had been serving as Defense Housing Coordinator under the National Defense Advisory Commis¬ agency. sion for several months. Lifts States United Embargo of Russia—Extension censes on Exports Export of Airplanes Soviet to System—General Licensing Li- for Certain Materials Allowed Soviet Russia which was The embargo against exports to promulgated Dec. 2, 1939, was lifted by the United States on Jan. 21, when the State Department at Washington made public a letter from Under-Secretary Wells to Konstantin A. Oumansky, the Russian Ambassador, which was given in the Washington "Post" of Jan. 22 as follows: Following forth our conversation, I recent the of am happy to inform United States of America the statement in the to press issued has decided you that the that the policies by the President on Dec. 2, and generally referred to as the "moral embargo" are no longer ap¬ plicable to the decision This and facturers Union is of Soviet being Socialist communicated Republics. to interested American manu¬ exporters. Hull On Jan. 22 Secretary was reported as stating at his conference that the removal of the moral embargo on airplanes and other equipment to Soviet Russia represents press an effort to iron out relatively small difficulties in relations between the United States and that country. (Jan. 10) that approved the recommendation of Colonel Russell L. Maxwell, Administrator of Export Control, and had issued Previously President Roosevelt announced he had proclamation placing, six additional materials under the export licensing system. These materials, the exportation of which must now be controlled due to the accelerating needs President Roosevelt sent to the Senate on Jan. 6 the nomi¬ the Roosevelt One Division—C. F. Palmer a as of cooperation the freedom." President on Jan. 8, when that everybody is needed to make the United States the "arsenal of democracy" for the "successful defense of democracy and 1939, Vichy, Chief of State, France, by Marshal Henri Petain, French Jr. Stettinius Following the issuance of the order the members of the No Ambassador to France and their directors of the OPM divisions following Government Credentials Na¬ production facilities; determine the adequacy of exist¬ ing production facilities; determine when priority on de¬ livery of materials shall take p ace, and serve as the liaison tion's set Admiral Leahy Presents Stimson, and Secre¬ Secretary of War Henry L. ,General, Secretary of State On Jan. 28 he called on House Rayburn, Representative McCormack, Democratic leader, and Repre¬ then and Office of Production Management Vice-President Wallace, who is the presiding officer of the Senate, Senate the Secretary of Secretary with the international situation. the to F. Grady, who tendered his resigna¬ on Dec. 28. Mr. Acheson, who State to succeed Henry as the Ambassador sent nomination of Dean G. Acheson to be Assistant tion as of State Assistant Secretary formal secretary and military aide, the President's naval aide. G. Acheson President Roosevelt Nominates Dean The envoy, he had ap¬ pointed Sherman Minton, former Senator from Indiana, as one of his administrative assistants at a yearly salary of $10,000. Mr. Minton, who is a Democrat, was defeated for reelection to the Senate at the November elections. He had been elected to the Senate in 1934. between various Government personally Vis¬ count Halifax, tlio new British Ambassador to the United States, when he boarded his yacht, the Potomac, at An¬ napolis, Md., and cruised into Chesapeake Bay to meet the new British battleship, King George V, on which Lord Hali¬ fax traveled to America. It was said that this was the first time a President had ever gone to meet a foreign Minton Sherman Administrative Assistant New British Ambassador President Roosevelt 011 Jan. 24 welcomed Sentator Former Appoints of Indiana raw decision A Mr. Har¬ Jan. 21 and Jan. 16, respectively. lawyer a of Secretary .applies on District Judge in the Canal Zone, was named to succeed Lawrence W. Cramer, who has resigned, while Mr. Swope has been nominated to re¬ place Rear Admiral William D. Leahy, retired, now Am¬ bassador to France. Both men were sworn into office on wood, to frustrate Senate the of the national defense program, bronze, zinc, nickel, and potash. are copper, brass, The effective date of the proclamation placing these materials, under export control was Feb. 3, 1941. He followed this with on Jan. 15 an executive order which he signed providing for the issuance of general licenses for MONTHLY REVIEW materials for which "rigorous controls the export of certain required in the defense program." Issuance of such general licenses, designed to expedite shipments, will be left to the discretion of Colonel Russell L. Maxwell, Adminis¬ not are of trator Control, Export recommended who this action. The White House announcement in the matter said: controls ous the to will needs defense leaving the country will be continuously available, continue to be the paramount consideration. the recommendation stated that in The President FuU information required in the defense program. not are quantities to him as and had pointed out that general facilitate the handling of applications, reduce the time involved, and assist exporters by making it unnecessary to obtain specific licenses for such articles and materials as, are permitted export under general license. where licenses, they could utilized, be Transit Strike in duction was desired. would Schenectady, N. Y, Settled authorities the as be to unable to supply housing equipment with sufficient rapidity to meet the original program. Labor coddling inflexible part of the by the Administration remained Washington scene, with effects that can hardly be vifewed with equanimity. overriding all other matters was the program of aid Great Britain, Greece and China, which occasioned a But to of wave propaganda from Washington and London, that the imagination. When tie new Congress staggers Mr. Roosevelt assembled of Union entirely the sition Striking bus and trolley operators in Schenectady, N. Y., on Jan. 12 a settlement plan and voted to return work on Jan. 13 after five days of idleness. The 240 The conscript army grew very slowly, seemed an Colonel Russell Maxwell, Administrator of Export Control, L. exercised in various ways from Washanti-trust suits were zealously furthered by the Government, in the very spheres where increased pro¬ and ington, and general licenses will expedite shipments in those cases where rigor¬ rim Price controls were That address, his address should on the affairs and international he declared, which, States. devoted to State the po¬ be taken by the United Jan. 6, was the first in delivered ratified which the President omitted the usual reference to aid of to nature that still employees, members of the Congress of Industrial Organiza¬ Workers Union, unanimously approved an tions' Transport Jan. 11. The agreement calls for 5c. in wages and a similar increase on May 1, agreement.reached hour an more provided Service Commission Public the franchise on Schenectady the for vacation with pay Railway approves Co.; a new weeks' two for all employees of three years or more of service, and one week for workers of one to three years of service; a two-year contract from Jan. 1, 1941; reopening of wage conversations by either party on prior notice the first of next Terms i of the settlement brought from Washington were 26 Jaii. by Neil Brant, international representative of union, after a two-day conference in the office of Dr. Ii. Steelman, head of the conciliation service of the Labor Department. on the John Mr. Brant said that the minimum pay was increased from 55c. 5c. 60c. to hour an hour will an and also go that the local men on a increase of A 5% differential into effect. the second and third shifts and to put general a on pay reclassification of workers the same pay basis as those in the company's Barberton, Ohio, plant also were granted. The men failed to win a closed shop and double time for Saturdays and Sundays, for which time and a half will be paid. The company agreed to pay double time for holidays. The five-day 40-houru week continues. Municipal Strike in Chicago, III., Ended Chicago after by operations restored were strike on 9 Jan. to normal engaged in than 4,000 city employees who walked out in pro¬ more test municipal five-and-one-half-liour a against proposed wage cut. After conferring heads of 26 unions, Mayor Edward J. Kelly announced the wage reductions, on salaries over $3,000, would go effect on a sliding scale of 4%; to 10%, but it had a agreed to arbitrate all wage disputes through committee labor be to selected jointly by the a with that into been seven-man Mayor and Settlement the strike affecting 3,500 workers in five plants of the Eaton Manufacturing Co. was announced on 15 by James F. Dewey, Federal Conciliator. Terms ending the strike to which Mr. Dewey had "demanded an end view of national defense not immediately announced. ers of the orders to the Eaton Co. were The United Automobile Work¬ Congress of Industrial Organizations called the strike at the Wilcox-Rich division Saginaw, Mich., on ists be rehired from plant of the company at Jan. 13, insisting that about 250 union¬ previous walkout. The strike spread on Jan. 14 to the remaining plants in Detroit, Battle Creek and Marshall, Mich., and Cleveland. Mr. Dewey had called upon the U. A. W.-C. I. O. to end the strike, also that all a strikers be rehired pending final arbitration and that the company, which manufactures of the dispute airplane engine and automotive parts, reopen the American With the advent of directed a foreign policy of the United States more than ever, in January, toward all-out aid for Great Britain and other countries that are fighting the aggressors, and the effect of the change is perhaps best indicated by steadily lessening insistence upon the phrase, "short of war." In accordance with the apparent will of the people, as expressed in the elections of last November, the Administration concentrated most of its endeavors upon this one problem, in the realm of foreign affairs. The de¬ fense program moved haltingly, as it had in previous months, but "bottlenecks" were removed here and there. Problems of aircraft production remained complicated, owing to ever further changes in design by the military authorities. Steel production debates raged continually, the Administration pushing for an expansion of pro¬ men beiieve would be excessive. duction capacity that steel Germany, Italy and the interests place the country at hearings started, and in order gandlstic the on activities In clarified. been not American war. bill to expedite its of all sorts were dubbed officially H, R. 1776, for was of proposed popular promptly passage initiated. which reasons phraseology propu- The it bill have called Was variously the "lend-lease bill" and the "aid to Britain bill." Ihe hearings extraordinary this on chapter in themselves, but it they measure comprise a be noted, meanwhile, that can interlarded with startling claims and predictions as Secretaries Hud, Mor- were by such Administration stalwarts Stimson genthau, deepened the pessimistic. more Knox. and of statements As fight the these officials bill the on became \ever Toward the end of January the country informed again and again, through these hearings, that Britain might fall forthwith unless the bill were was Great passed quickly, although it was well understood by experts that aid that the United States possibly could render being placed at the disposition of Great Britain. From London, at the same time, insistent reports eman¬ all already ated, was to the effect that be made and that aid Nazi invasion attempt soon a to Great Britain should be will rendered rapidly. The new British Ambassador, Lord. Halifax, epitomized the British official view neatly by asserting that the quicker the help the mors help it will be. It is, of course, quite possible that the Nazis contemplate a frightful invasion effort in coming weeks or months. information picion this on lurked in matter minds from Washington and London a desire many hasten to the But available, that some of was no and the definite the sus¬ warnings based principally upon were passage of H. R. 1776 without ade¬ quate consideration. Message the the State on of the joint session of the Union Seventy-seventh Con¬ new assembled, on Jan. 6, President Roosevelt proclaimed invigorated policy of aid to Great Britain and of de¬ parture from our traditional isolationism in no uncertain gress his The terms. address fireside chat of Dec. followed 29, but in its general emphasized outlines some the points and introduced a startling program of American action in every of the world. The present situation of the United States was found by Mr. Roosevelt to be unprecedented, in part the that sense been Our as American security at seriously threatened from no previous time has without as it is today. in the past were, the President maintained, the maintenance of American rights and for the of wars pacific the at all "What I seek to commerce. historic truth times that the United States as opposition—clear, sition—to any attempt to lock us in behind wall while the procession our of of the Americas." for principles convey," he said, "is maintained a Nation definite an has oppo¬ ancient Chi¬ civilization went past. children and of their children, we oppose enforced isolation for ourselves Congress, President Roosevelt the pointedly with Congressional were in necessary Today, thinking of Foreign Policy new or House the power to nese plants. to upon as war Experts quickly pointed out that the measure in effect, transfer from Congress to the White the Jan. in advisable this When of making The speech was followed on Jan. 10 by the intro¬ an Administration bill for implementing the aid to Great Britain program. This proposal can hardly be described as anything but a bid for simple dictatorial pow¬ ers. It would confer upon the President virtually unlimited powers to procure war materials and to transfer any such materials to any foreign Power, if the President deemed unions. Settlement of Strike at the Eaton Manufacturing Plants in Michigan not duction of would, Employees of the Babcock & Wilcox Co. of Bayonne, N. J., boiler manufacturers, returned to work on Jan. 27 after a 24-day strike under terms of a strike settlement approved-, by the union on Jan. 26. The strike, involving 450 men, was called by Local 439, Uiiited Electrical, Radio and Machine Workers, Congress of Industrial Organizations affili¬ ate, on Jan. 3, and tied up work on Navy contracts, is or It left experts on whether the United Japan. defense. year. Strike at Babcock & Wilcox Co., Bayonne, N. J.t Settled \ is baffled affairs international States a would be "short of war.' The future and or for any other part safety of our country and our democracy were described by Mr. Roosevelt as overwhelmingly involved in events far beyond our borders. He saw little reason to fear direct invasion while the British Navy retains its power, but dwelt on the possibility of action said by America The through secret agents and their dupes, who were Roosevelt to be already here and in Latin great numbers. Mr. in national three points. the public committed policy was formulated by the President in First, he said, by an impressive expression of will and without regard to partisanship, we are to all-inclusive national ^defense. Secondly, and in the same manner, we are committed to full support of all those resolute people everywhere who are resisting aggres¬ sion and are thereby keeping war away from this sphere. the "By this support democratic f cause hemi¬ we express our shall prevail, and determination that we strengthen the • security of our own defense and the "we that is dent Nation," Mr. Roosevelt policy enunciated by the Presi¬ committed to the proposition that The third ixnnt of asserted. are morality and considerations for our own security will never permit us to acquiesce in a peace dictated by aggressors and sponsored by appeasers." In the light of this program the immediate need is a swift and driving increase of our armaments production, Mr. Roosevelt in¬ formed Congress. He admitted dissatisfaction with some parts of the defense program, and indicated that greatly increased ai>propriations and authorizations will be re¬ quested by the Administration. Among these requests, it was made clear, will be one for turning over to nations which now are warring against aggressors additional mu¬ nitions and war supplies of many kinds, without regard to financial considerations. Repayment in similar materials or in other goods will follow within a reasonable time, Mr. of principles Roosevelt maintained. proposed that the United States say to the democra¬ "We Americans are vitally concerned in your defense of freedom. We are putting forth our energies, our re¬ sources and our organizing powers to give you the strength He cies : regain and maintain a free world. We shall send you ever-increasing numbers, ships, planes, tanks, guns. to in and our pledge.". In fulfillment of this States will not be intimidated by the threats of dictators that they will regard our action as a breach of international law or an act of war, the President continued. And we must all prepare, he added, to make the sacrifices that the emergency demands. Looking for¬ ward to the future, Mr. Roosevelt called for the establish¬ ment "everywhere in the world" of the freedom of speech; the freedom of worship, freedom from want and freedom from the fear of aggression. These world specifications were not to be considered visionary, the President insisted, but as a definite basis for a kind of world attainable in our own time and generation. "That kind of world," he said, "is the very antithesis of the so-called 'new order' of tyranny which the dictators seek to create with the crash of a bomb." ) That is our purpose pledge United the Aid to Great Britain Introduction of the "lend-lease" or bill Jan. on started 10 "aid to Great Britain" of the debate on latest phase the will and policy, foreign end not for that to time some come. international possi¬ painting a remarkably gloomy picture of suggested, the United States might share the fate of Norway and the Low Countries. The obvious abandonment of neutrality indi¬ cated in the measure was defended by Mr. Hull on a basis If bilities. the fails measure to pass, he He was followed on the stand by Secre¬ Henry Morgentliau Jr., who made some statistics available, Jan. 15, on British dollar resources. of self-protection. tary of the Treasury The British resources, according to Mr. Morgentliau, com¬ prise a remarkably modest pool for defrayment of costs of material which the British authorities wish to obtain from above purchases previously made. All competent observers were nonplussed by the tables which Mr. Morgenthau set forth, and some searching the United States, and over The available dollar exchange questions were propounded. resources of the United Kingdom at the start of 1941 were placed in a "confidential" table at only $1,775,000,000, in¬ clusive of $205,000,000 gold in the United States or en route, $54,000,000 official dollar balances, $616,000,000 in American securities, and $900,000,000, or thereabouts, of direct invest¬ ments. These dollar resources, Mr. Morgenthau said, will means" be adequate for all British needs this year. subsequent press conference Mr. Morgenthau was asked about Canadian investments in the United States, but "by At no a Mr. Morgenthau British indicated Empire resources that as he did not regard such of the problem. When part asked whether Great Britain should not first ask financial of In response to questions put at a conference on Jan. 17, Mr. Roosevelt declared em¬ phatically that he has no intention of abusing the powers which the lend-lease bill would grant to him. He ridiculed by the White House. vers press transfer to Great Britain or to of the United States Navy. Use of American warships to convoy ships across the At¬ lantic also received some attention, this question being brought up in another press conference on Jan. 21. Presi¬ dent Roosevelt asserted that he never had considered using suggestions that he might Power other some American the White House" to the New York "Times," that might lead to war. Secretary Navy Frank Knox testified along Administration Washington dispatch to a convoying in the official view the of lines. ' testimony before the House 21 by our retiring Ambassador to Great Britain, Joseph P. Kennedy. Although Mr. Ken¬ nedy urged an enlargement of Executive powers, he main¬ tained that the expansion need not necessarily be so broad and sweeping as the lend-lease bill envisioned. The United States would be well advised to remain aloof from the European war, Mr. Kennedy said, in urging a retention by Congress of a check upon the actions of the Executive. Opponents of the bill were called after the Administration spokesmen and Mr. Kennedy had testified, and it is note¬ worthy that severe criticism of the measure and the gen¬ eral course of Administration policy were voiced. . Among * Some of the most significant committee was presented Jan. prominent- spokesmen was Colonel Charles L. Lindbergh, asserted that the United States can easily be made the who immune to invasion threats by a suitable increase of He expressed the opinion that it any air American strength. of the United States which side After the House committee hear¬ ings were concluded similar hearings were started by the Senate Committee on Foreign Relations. The leading , Cabi¬ was not won the European a proper concern Some lines. of of "gag rule." At the end of legislation began to take shape, with all the indications pointing to modest concessions from the outrageous initial demands for power presented in the outlines bill by the the charges of the Administration. President Roosevelt went far out of British States his way, on Jan. 24, The new attitude in the present crisis. to make clear his Lord Halifax, arrived in the United that day, and Mr. Roosevelt broke all diplomatic Ambassador, on precedents by motoring in cold and rainy weather to An¬ napolis. to receive the Ambassador in person, long before credentials could be presented at the State Department in the normal course of affairs. A new British battleship, George V, brought the Ambassador to the United apparently because ordinary communications now difficult. Immediately after his arrival Lord Halifax the King States, are issued prepared statement appealing for quick and gen¬ a help erous Great to be enabled to "break Britain, so that his country might this Nazi power that is trying to en¬ After a long conference with world." the slave Secretary Lord Halifax informed the press that "we see things very much alike." He appealed again for assist¬ ance and said that "all help is vital, and the quicker you Hull, Jan. 25, give it the more help it will be." Taking cognizance of demand in some American circles for a statement of can the Lord aims, war Halifax said on Jan. 27 that British aim is to win the war, while the next step reconstruction world with the aid the first would be of others in a manner warfare. A some¬ for rapid, American assistance was made directly from London, Jan. 25, by British Shipping Minister It. H. Cross, who admitted that Great Britain might prevent further recourse to that what similar faces "serious appeal danger." submarine menace can tains the full industrial of Some the London Mr. Cross said that the German be met, provided Great Britain ob¬ support of the United States. repercussions to the American of¬ Great Britain is fighting the battle and of the United States were of great inter¬ est. In a London dispatch of Jan. 6 much dissatisfaction with the tardiness of American materials shipments and the lack of American convoys was noted. The views of argument that ficial of democracy British lows experts were summed up in this dispatch as fol¬ United States says over and over again that "The : cannot 'we afford to allow Great Britain to fall.' Stajtes defense. rest the occasioned which Morgenthau made it known that he had received some re¬ the before and arguments were along the same hearings-were before closed sessions, the House committee, over from war. again testified, much as they had done net members Empire before asking it of the United States, Mr. Morgenthau said: "All I can say about that is that I favor the lending bill." Late in January Mr. aid portion a Navy for such purposes., "Sources close to indicated later the same day, according the January discussion apparently The proposal is brief, and amounts to little more than a transfer by Con¬ gress to the Executive of unlimited power over American defense equipment, the procurement and transfer of ma¬ terial, and the right to permit other countries to use American repair facilities for warships, while engaged in conflict. Any and all steps, according to the terms of the proposed measure, would be in the interests of American defense. After some preliminary skirmishing, hearings on the bill were started Jan. 15 before the House Foreign Af¬ fairs Committee, with Secretary of State Cordell Hull the first witness. Mr. Hull set the tone of the hearings by American 5 MONTHLY REVTEW Feb., 1941] and every saved, over It says again that Great Britain must be aided in possible way, not because Great Britain should be but because Great Britain is essential to United If that is what the United States thinks, authorities, which increased the^f^IrtualIr*|peaktngr4he-^Jnited SJ^tqs Js^hiring us to slightly the available gold of the United Kingdom, and fight its battles! as we once hired Ilessians in an effort to therefore the purchasing power. But we are not getting our But the indicated increase, -subdue the thirteen colonies. was modest, in relation to the totals involved. pay. The United States has come long and far, but not far enough. If we are fighting for the United States, Secretary of War Henry L. Stimson appeared before the and if it is willing to give us money or credit on that basis, House committee on Jan. 16, and stated that the United we have the right to ask it to go further. Since we cannot States is in very great danger of an aerial invasion, in vised figures the event of fleet. bill in Mr. a a from British German victory and surrender of the British Stimson manner which bring material overseas ourselves, we have the the the might prevent turning over of our United to any modification at all is because we are Navy to Great Britain, if the President saw fit to attempt such a step.,, These comments by Mr. Stimson and the us general trend of the debate prompted some defensive maneu¬ to make right to ask States to do so, always remembering that the* States has said that the only reason it is helping United of objected German fighting for the United States." and Italian official spokesmen had no comment during January as to the course of American policy, 6 MONTHLY REVIEW * for save speech by Chancellor Hitler on Jan. 30, in which a American aid to Great Britain and he said that ican policy, the Amer¬ generally, had been taken into due account by authorities long ago, the conclusion being German the reached such that aid would not save Great Britain. Any aid to Great Britain would be "torpedoed." according to Herr Hitler. The German spokesman said that the Reich has interests had never than aid German change in in American the on American the fight continent for A now inter¬ fere in European affairs, Herr Hitler said. The presidential message on the State of the Union was said in the German press to be "bad logic" and "untruths." The Italian press took don British that There attitude. the'same authorities indications from Lon¬ were concerned were about Amer¬ ican a weekly news letter said to be Cries of "free speech". were raised, pessimistic trend. a but when the matter Jan. debated by the House of Commons, was 28, the Government upheld by a vote of 323 to 6. was London authorities moved Jan. 29 toward increased on bilization of British industry, and the Army age limits widened at the same time to a range of 18 to 40 years. Several other freedom. aims will develop if the Americas war "Daily Worker," and also of official Great in Britain Ger¬ and made during January, and some of them throw intentions foi/the future. Prime Minister Winston were many light on Churchill spoke before a meeting of the Pilgrims, in Lon¬ 9, and he emphasized that the dispatch of don, on Jan. Lord Halifax "mission a declarations mo¬ were entrustetd Ambassador to the United States involved as momentous as to as that any the monarchy has Englishman in the lifetime of the oldest Upon the relations between Great Britain an shipments of cotton and other materials to the Russian ports in Siberia, the argument being advanced that Russian of shipments to the Reich thus were being replaced, the entire process amounting to indirect American supply of Germany. the future of the whole world and the hopes of a broadening civilization founded upon Christian ethics. The speech was These claims first at were waved aside by the State De¬ here." us and the United Roosevelt's ther action in that sphere Churchill the light of an exchange aid dor, Konstantin Oumansky. In this exchange the United embargo" on the exportation to Russia of airplanes and materials essential to their manufacture, and also removed restrictions on the exchange of patent processes covering the manufacture of highquality aviation gasoline. States terminated "moral the Britain Bad and prevailed during January * over much of northern Europe, and fighting in the epic struggle between Great Britain and Germany was sharply curtailed, in conse¬ battle The carried entirely through air¬ plane attacks, sinkings of merchant ships, and propagandis¬ ts speeches. Partly because actual fighting was on a re¬ duced scale, and apparently also because of the debate in the United sent were invasion States was on the lend-lease London from out on to the bill, numerous effect that a attempt is "just around the corner." reports German These dis¬ patches overshadowed the actual combat, for the possibili¬ ties held out in the reports were stirring in the extreme. Appear¬ ing before a Glasgow audience, on Jan. 17, along with Mr. personal expressed United the from armies large "What that States. "We do not can for pay will we pay for, but will be able to pay for." duct of the war" debate in the House of than more require in 1941 from overseas," said the Prime Minister. do require is weapons, ships and airplanes. All we we emissary, Harry L. Hopkins, Mr. desire for ever-increasing material a we require far In closing a "con¬ we Commons, Jan. 22, Mr. Churchill revealed that Great Britain has 4,000,000 men under arms, including the Home Guard, and he that this Germany weather quence. depend, according to Mr. Churchill, heavily larded with praise of President Roosevelt. partment, but late in January the indications were that a fresh examination of the problem would be made. Any fur¬ will be especially interesting in of letters, Jan. 21, between UnderSecretary of State Sumner Welles and the Russian Ambassa¬ States large force is intended not only but also for carrying the war overseas. prominence was given the assertion that "maintaining the front line of civilization Chancellor Adolf Sportspalast, Jan. Hitler made a suggested for home defense In all Great comments Britain is and progress." speech in Berlin the 30, to celebrate the eighth anniversary of his assumption of supreme power in the Reich. He reit¬ erated his promise to the German peoxjle that the great conflict will end" this year with a victory for the Reich. Vast prex)arations for the final test of arms with England are nearing was made indicated nations, comi>etition, the. Chancellor said, of the immense preparations which had and much Herr Hitler placed Germany far in the forefront of all Much of the address was devoted to militarily. London correspondents envisioned great Nazi airplane fleets,' simple denouncation of England as a "robber" nation, which carrying invading soldiers by the thousands, and corre¬ built up the British Empire through subjugation of foreign sponding waves of German "platform-prowed" barges and peoxiles. England was said by Herr Hitler to have been the ships moving toward England. In most of these accounts aggressor in this and the first World War, with the alleged the comforting conclusion was reached that Great Britain aim of dividing the nations of the Continent and ruling by is well prepared for an invasion attempt, and that means. The familiar Hitler theme of Jewish influence actually hopes it will be made, since a German defeat is almost assured. and alleged war-mongering was emphasized in the address. Other writers were less optimistic, and it may or German submarine operations really will may not get off to a start be significant that the decline of optimism was closely corre¬ this coming spring, according to Der Fuehrer, and aerial lated with criticisms in the United States of the lend-lease activities against British shipping also will expand. Noth¬ bill for aid troduced To on Great to Britain which the Administration in¬ Jan. 10. degree the apprehensions in London of a German invasion attempt were due to the relative inactivity of the German air force. ing was said in this address about The speech also lacked attempt. some Early in January the Nazis engaged in Italian their usual tactics of mass air attacks against British objec¬ tives, with London, Southampton and other cities the vic¬ tims. Attacks were attempted such as that which destroyed by fire a part of the inner city of London, late in Decem¬ ber, but air raid wardens were prepared for such maneuvers; and the fires set by incendiary bombs were quickly put out. Sporadic German bombing developed thereafter, and on some days only observation flights by the Nazis were reported. Toward the end of January, 10 days went by without a night raid upon London, and a week was reported in which no daylight raids were made. After some delay the British censors permitted disclosure of the news, which no doubt was a remarkable surprise to the Nazi airmen, that heavy snow and cold weather had prevailed over England for a time, making raiding activities difficult. It would seem that British airmen as flights ports," reported daily cities of Bremen, were the points in Germany. British were more authorities persistent in their activities, over the German Wilhelmshaven, Heavy bomb damage to have been was occasioned "invasion and other said by the in the Reich by such bombing. The Germans steadily denied that British raids had inflicted any military damage of consequence. That things were not going especially to the liking of the two from Axis dictators was the obvious conclusion drawn meeting "somewhere in Germany," Jan. 20, between Hitler and Signor Mussolini. No information was a Herr given out to that conference, other than the usual state¬ ment that "complete agreement" was found to exist on all problems. But there also were some stirrings in which as must be England taken into account. things after termination of the A war was different order demanded in of some London gatherings, and British authorities acknowledged these claims by announcing on Jan. 6 that special ministerial study would be made, when the time comes, of post-war problems. A meeting of Leftist groups took place in Lon¬ don, Jan. 12, at which 2,200 persons urged peace, socialism and for it talks wage was with the increases German also "masses." were reported Insistent demands in London, where becoming increas¬ British authorities decided, Jan. 21, to admitted that the food problem is ingly troublesome. suppress the communist organ in London, known as the Results January, Prime Dec. of the were shreds if the impending invasion reference to Franco- Japan also ignored. were Reverses fighting in the Mediterranean Basin, in entirely in accordance with the warning that Minister 23, 1940, any any German relations, and Russia and The tie to Italy was affirmed. Churchill that their war the to gave Italian people on African Entire will be torn to Spectacular advances were continues. made by the British Emx>ire forces in the so-called "Western region of Egypt and Italian Libya. After long preparations the British units surrounding the Italian town Desert" of Bardia, in Libya, moved in and overwhelmed them. taken, and added to Egyption campaign. out along the upon the highway, x>ossible nowadays, surrounded. Tobruk were nominal. the westward with all the speed that find on Jan. 5, 30,000 Italian prisoners were 40,000 previously captured in the British losses coastal the defenders Some British Striking forces and the port of Tobruk fell to the moved highly mechanized forces British units soon on was Jan. 23, 14,000 Italian defenders, who were added to the increasing total of war prisoners. The British thereupon entered the relatively well-watered and produc¬ with its rapidly tive section of Libya, with Bengazi as> their obvious goal. point of Derna quickly was taken, and the advance upon Bengazi was continued with astonishing rapidity. Land, air and sea forces of the Empire collab¬ orated effectively in these operations. The intermediate Nor were the Italian-defeats restricted to the "Western Desert" region of northern Africa. Far to the south, in the Libyan desert, camel corps of the free French General Charles de Gaulle were reported forces of making havoc of the Italian posts. In the Egyptian-Libyan frontier region of the Sudan, British forces drove the Italians away. In Eritrea, to the southeastward, British expeditionary forces penetrated deep into the Italian colony, and threatened the expulsion of the Italians. found their positions ever In Ethiopia, finally, the Italians more difficult and embarrassing, owing to British pressure and the campaign waged by Em¬ peror Haile Selassie. All African points occupied or held by the Italians, in short, were under attack by British Empire forces and their associates. Australian "Anzacs" were esxpecially prominent in all these operations. The long string of Italian defeats was emphasized by continual Brit- Naples and other airplane bombing of Turin, ish Italian centers. Offsetting these Italian reverses, in part, were moves by the Italians in the great Mediter¬ ranean Basin. German aerial squadrons were reported late in 1940 as moving down the Italian peninsula, and some the German Nazis to assist prevailed then doubt as All Germans would attack Greece or the to German intentions. questions of whether the the British were resolved on Jan. 10 when the Nazi fliers took off from Sicilian bases and attacked a British convoy in the central Mediterranean region. The presence of the convoy made it evident that military cargoes still were mov¬ ing through the Middle Sea, but the attack indicated that these moves could hardly be continued with impunity. Terse comments were made in Berlin, on Jan. 10, to the effect that a British convoy had been attack in the Mediter¬ with damage to several British warships. London elaborated on this disclosure, Jan. 16, with the announce¬ ranean, ment that the lost as a cruiser Southampton, of 9,100 tons, had been The ship was result of the action. commissioned only three years ago and was regarded as one of the swiftest and best of the great British cruiser fleet. It appeared that spreading fires could not be was sunk been by the crew, of aerial action was seized up>on by advocates with some justification, as pointing the way airpower, future military 23,000 of to developments. Not only was the South¬ the great and new British aircraft carrier ampton lost, but Illustrious also was of checked, and the ship finally after most of the personnel had This loss of a major naval unit as a conse¬ rescued. quence tons, was continued seriously The Illustrious, damaged. able to make port in Malta, but to bomb the ship unmercifully the at out of the in London with respect to such claims. The British destroye"r Gallant also was damaged in this raid, which began with the British sinking of a small Italian destroyer. Numerous Germans Valetta, and Berlin announced that the ship was war for the duration. No comments were made - 7 MONTHLY BEVIEW Feb., 1941] revolt But Berlin refused to take a seri¬ possibly because of the strong forces in Rumania. There were indications early German in in progress. was of view ous incident, tlie the Germans and Russians were finding economic collaboration, and this may January that fresh for grounds Russo-German 10, which provide for increasing economic exchanges, and the implication of the understanding was that Russia saw no reason for concern in the German penetration of the Balkans. Yugoslavia and Bulgaria remained quiescent during January, while Turkey continued its staff talks with British military authorities as a preparation for any German move across the Bulgarian have contributed to the accords border German equanimity. signed at Moscow, Jan. were into Thrace. or France accentuated in January by cold which made the privations of the people doubly trying. There were indications of increasing unrest both in the free French area under the dominion French difficulties were weather and deep snow, Yichy regime of Marshal of the the ensconced of limited supplies of food¬ the United States, small a scale to effect more than a of the troubles. The Yichy regime, Britain for the passage Great stuffs and medicaments but German On representations of the permission was granted by there. Government, States United Henri Philippe Petain and which looks to Paris and the occupied zone authorities these are too on amelioration modest to France from continued to wait for an answer from Berlin counterproposals made by Marshal Petain on the diffi¬ meanwhile, to question of collaboration with the Germans. The pre¬ of these discussions hats not been revealed. It cult cise course is noteworthy, however, that Marshal Petain conferred at Jan. 19, with former Vice-Premier and Foreign Minister Pierre Laval, who was dismissed last year by the length, on Late im Januarj^reports-began-to- seep-oufe.. regime was being formed there for active collaboration with the German masters of the more pro¬ "aged Marshal. of Paris that a downed in the encounter, according vei^sion of the fight, and particular pride was expressed in London over the fact that the convoy got through to Greece, with military supplies, entirely un¬ ductive regions of France, damaged. In the Albanian theater of war the Italians and a good deal of concern thus of the Far East German airplanes were the to British suffered fresh defeats at the hands of the Greek troops, but all movements were modest. It appears that the battle has been carried down to the plains of northern Albania, where the numer¬ ous Italian troops have the advantage of being able to maneuver with their mechanized equipment. Late in Janutry the Italians began to move against the Greeks, but made little progress. The Athens regime suffered a major disaster, however, in the death of Jan. 29 of Premier John Metaxas, benevolent dictator of Greece. Mr. Metaxas died after a throat operation, and he was immediately succeeded by Alexander Korizis, Governor of the Greek National Bank. Premier Korizis pledged continuance of the fight against Italy, and reports from the front suggested that the Greeks did not suffer any loss of valor as a consequenc& of the loss of their leader. The Italian reverses were so im¬ pressive that rumors finally began to circulate, in the latter half of January, of rebellious movements in Turin and other northern Italian cities, against the fascist regime of Premier Mussolini. These reports remain unsubstantiated, and strenuous denials were issued at Rome of any internal disaffection. But, the Italian situation is such that the rumors of dissension seemed quite Balkan has been with , made clear that the versaries. variously as under arrest and Rumania. Premier Antonescu promptly named a Cabinet of militarists to con¬ tinue the Government struggle. German troops were re¬ ported to have shown themselves in considerable numbers in Bucharest, when order seemed necessary, and latest Washington rumors are that the German forces in Ru¬ manian territory number 150,000. Hungarian authorities hastily prepared for all contingencies, while the Rumanian Horia as Sima, was reported leading a faction in the interior of China. last endeavored ers that anxiety. In a session of the Diet at Tokio, on Jan. 21, Pre¬ Konoye was reported to have recog¬ mier Prince Fumimaro nized But frankly he the danger of war with the United States. that the conflict with China would be indicated continued, with especial reference to the destruction of the Generalissimo Chiang Kaishek, which recently has received active economic support from Washington. The Chungking Government of General Chiang calmly continued to fight the Japanese invaders. With respect to the reported Japanese intentions to move southward, indications last month were rather decidedly negative. It remains to be determined, however, whether this represents true long-range Japanese policy, or an in¬ terim effort to appease the United States. Despite diffi¬ culties in Japanese negotiations with Netherlands East In¬ dies authorities on trade questions, Tokio indicated that Nationalist dissension, as the virtual had succeeded in besting its ad¬ The leader of the Leftist Iron Guard faction, In numerous references Japanese lead¬ month to persuade the United States relations with this country are occasioning the deepest attack upon sections of the with Rumania the Antonescu regime actually of the great In the war between Thailand (Siam) and the Japanese endeavored to arrange a pacific settlement. This move was shaiply in contrast with the commonly accepted belief that the Japanese are in¬ clined to stir up trouble anywhere in Asia, in order to take advantage of the tumult. But it is quite possible that the move was designed to impress the United States and divert the attention of this country from the continuing Indo-China French some ings at Bucharest. In the final days of January it was with the position of the United States one ary, of the disorders. torn general. question marks. That country for some time dismember¬ ment of the Rumania which the post-World War treaties established was followed by friendliness toward the very regime at Berlin which engineered the partition. Premier Ion Antonescu, who steered his country through the par¬ tition crisis, found a full-fledged revolt on his hands, Jan. 21. So-called hotheads who tried to organize for the recovery of Transylvania were reported on that day to have started a rebellion, with the aid of Iron Guard extremists. The Iron Guard, which numbered Premier Antonescu among its adherents, is a fascist organization, and nothing could better illustrate the Rumanian confusion than the place occupied by that organization in the revolt. All communica¬ tions with the outside world promptly were cut by the Rumanian Government, and they were restored only on Jan. 24, when the rebellion had been put down. So serious was the movement that Mr. Antonescu himself was said to have been under fire for a time, in the Government build¬ focal point to French trends, in Japanese moves in the military and diplomatic whirlpool were of an uncertain nature during Janu¬ logical. Balkan area of Europe in January, as Far East Unrest disturbances were noted in Riotous vast occasioned was the headed regime by pacific conversations would be continued. Even more Japanese moves for termination of the comic-opera war between Thailand and Indo-China. Media¬ tion proposals were made by Tokio, and both French and Siamese authorities accepted them. Armistice negotiations pertinent were the Japanese cruiser Natori, with six representatives in attendance. An agreement to end hostilities was signed Feb. 1, with peace negotiations soon to follow. Although the Japanese dis¬ claimed at first any intention of asking a return for the mediation efforts, it soon appeared that bases were desired opened Jan. 29, on French and six Siamese tliajt purchase of the rice crop also was Notwithstanding such rumors, the Japa¬ in Indo-China, and an end nese in view. toward peace in the minor conflict assumes im¬ move pressive proportions, Tokio since turmoil authorities if their toward Singapore and The real would better suit the aim is to drive southward Netherlands East Indies. Steel Trade—Non-Ferrous Metals . The steel trade reported a continuance of the high rate of production of steel and pig iron, with sales volume gen¬ erally holding to high levels of recent months. Orders ex¬ because of the tendency to get places on Steel scrap prices lowered. The price situation in major non-ferrous metals underwent no change, ceeded production books far ahead. Sales being steady. In its issue of Jan. 9 the "Iron Age" reported that "the most drastic action on prices that has been taken the notice Price by \ a served governmental authority since 1917-18 is on Stabilization visory Commission the iron and steel scrap trade by the Division of the National Defense Ad¬ that prices must be reduced to a level / 8 MONTHLY REVIEW to exceed not $20, Pittsburgh, for No. 1 heavy melting steel or Government price control. Defense ended Jan. 14, and 18,359 tons for the Sales for the month to Jan. 28 totaled by voluntary action orders continue to Commission will take an tinued to $22.00 21 Jan. 7, declined on Jan. 14 to $20.66 and $20.42, which comxiares with $17.33 in effect on to the close of January of last reached Dec. 30 last. on stated, in part, of steel for as year The follows: Valley. on at booked in much 15%. as While and much orders defense as requiring early shipment that are giving trouble, as the latter necessitate the upsetting of previously arranged shipping promises. In spite of the much tighter situation that is developing, there is no pressure either Government for the tion of the from four-man use industry, of its customers or the mandatory priorities [organiza¬ Office of Production new . Management' recently created by this committee will provide the machinery by which mandatory priorities on iron and steel may be issued whenever the occasion requires]. Strict President Roosevelt, and rationing exlStS"llT"the zmc%M^ this as has companies aOr asHc proposed for steel, although all steel taking every precaution to guard against yet been are overbuying and overstocking by their customers. other than defense work dustry is a the are heavy buyer, and mounting. so are Needs for The automobile in¬ nearly all of the makers household equipment. Tin plate, which has not been drawing heavily on steel-making departments, is now com¬ ing into a more active period, and orders and production increased. steel for The railroads repair work and are also construction. several months the mills will be called part of the million tons late to last year. or more Construction of demanding Within on to deliver of rails that defense were plants more the a next large ended add heavily to structural steel and reinforcing bar or¬ The magazine "Steel" of Cleveland, in its issue of Feb. 3, said, in part: "Steel sales for January were gen¬ erally larger than in December, comparing for some makers cases October, which had been best in 1940. In exceptional an improvement of 50% is noted. Gains were due to defense more of and orders, greater civilian purchasing for fear scarcity and to the season, needs for spring outdoor work being anticipated. New methods, priorities or summer devices and short-cuts are facture and delivery. Thus mills take less pains in cutting being satisfied to receive the cruder to pattern, material. consumers Again, more being adopted to expedite standardization farm out to others certain production. of business adds to economies." No is evolving, result¬ change was reported Age" composite price of finishel steel or pig iron, the former holding at 2.261c. a pound, and the latter at $23.44 a gross ton, as against 2.261c. for finished steel and $22.61 for pig iron at the close of January, 1940. The operating rate of steel companies having approxi¬ mately 96% of the steel capacity of the industry, according to the American Iron and Steel Institute, was scheduled at 97.1% for the week beginning Jan. 27, 1941, as compared with 96.5% for the preceding seven-day period, 98.5% for the week beginning Jan. 13, 1941 (or at the highest tonnage rate ever recorded, since capacity was considerably greater 1929), 97 2% for the week beginning Jan* 6, 1941, and 95.9% for the week beginning Dec. 30, 1940. At the close of January, 1940, operations were reported to be at the rate of 77.3% of capacity; in the corresponding period of 1939 at 52.8% of capacity; in the same week of 1938 at 32.7%, and at the end of January of 1937 at 77.9% of than in capacity. As to non-ferrous metals, "Metal and Mineral Markets" reported during the month as follows: The movement of non-ferrous metals into consumption continues high and, and zinc are concerned, the supply situa¬ tion covering nearby positions remains tight. Producers of so far those as copper metals are Unfilled 4. grades of zinc common amounted orders Demand for tin 5.326 to tons, as for Avas zinc Jan. at generally 25 on a totaled moderate with 50.10c. on Dec. 31. The operating rate of the tin-plate increased from between 45% and 50% early in the month to 58% in the last week. Lumber Movement According to allocating business at reports to the National Lumber Manufac¬ Association from regional associations covering the turers operations of hardwood and softwood mills, lumber produc¬ during the week ended Jan. 25, 1944, was 2% greater than in the previous week; shipments Were 5% greater, and tion new business week unchanged prices. 5% less, but compared with the corresponding production, shipments and new business were of 1940 29%, 34-% and 27% greater. The industry stood at 153% of i>roduction in the corresponding Aveek of 144% of average 1935-39 sliixnnents in the of the average 1935-39, and week. same Reported production, shipments and four weeks ended Jan. 25, business and The ratio shipments Jan. of unfilled 12% were and 16%, 14%, resjiectively, orders to gross stocks was 25, 1941, compared with 21% a year previous. were 2$% greater than at the same time stocks gross 31% on Unfilled orders in 1940; 12% less. were During the Aveek ended Jan. 25, 1941, a total of 477 mills produced 228,381,000 feet of softwoods and hardAvoods com¬ bined: shipped 252,131,000 feet, and booked orders of 261,951,000 feet. This compares with 177,069,000 feet of soft¬ woods and and hardwoods orders received corresponding mills. produced, 187,466,000 feet shipped, 205,589,000 feet during the totaling week of last by year the same number of Revised figures for the three preceding weeks follow: M Jan. 18 Jan. 11 Jan. 4 Weeks Ended 1* 1941 Number of mills 1940 1941 1940 474 470 484 1941 473 1940 453 440 157,390 168,076 182,580 Production* 224,720 192,483 166,763 240,540 192,728 198,983 228,534 Shipments* 252,631 192,646 222,509 Orders* 274,604 228,080 246,380 218,275 179,739 * . .. In thousands of board feet. 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: "Shoe factories have sufficient are cutting increasing ojierations seasonally and on the books to keep busy for several Aveeks. Many manufacturers of staple lines are sold ahead beyond Easter, while adATance commitments for novelty foot¬ wear have vances been have someAvhat been held more down to conservative. small Price proportions, ad¬ prin¬ cipally through the substitution of fabrics and less expen¬ sive upper leathers. • "Production sonal rise earlier in of than usual. 400,000,000 pairs, Since retail have shown footAvear December shoe a or registered a slight sales during the year are estimated moderate gain over the preceding 12 aggregate stocks have been drawn down to level. contra-sea¬ the spring run got under way Output for 1940 Avas approximately 6% less than the record total of 1939. as a to months, conservative The trade accordingly anticipates a good spring sea¬ son, particularly since increased public purchasing power is in prospect, and shoe production for the neAv year is expected to exceed the 1940 preliminary total by a com¬ fortable margin. "Tanners have sold substantial quantities of leather in recent Aveeks and production has been stepped up, possibly to the highest level in four years. Enough sole leather for- spring shoe run ducers footwear. This priorities committee fof non-ferrous metals. Sales of cop¬ per in the domestic market for the week ended Jan. 28 amounted to 24,658 tons, as compared with 23,152 tons for the preceding seven-day period. 25.931 tons for the week business for the respectively, above output. the entire metals, taken as a The acute situation in zinc is reported to be responsible for the appointment late in the month of a new were, same figures for the correFor the four weeks of 1941 new sponding xieriod of 1940. whole, was firm. 1941, 28% and 14% in excess of the Consumers show nervousness about the possibility of more drastic action to help those in need of supplies against de¬ fense orders. The undertone in major 25 industry Greater localization "Iron the Jan. manu¬ ing in greater production. Furnaces and mills are often operating above rated capacities, too. More rolling mills are turning out related products, such as sheet mills pro¬ ducing plates, and tin-plate mills sheets. Some companies in Jan. scale, the price increasing toward the close of the month, closing at 50.50c., New York, on Jan. 31, which compares ordered continues ders." with Shiinnents of ended 119,984 tons. of have week against 5,059 tons for the preceding seven-day i>eriod, 5,673 tons for the week ended Jan. 11, and 4,849 tons for the week committee on iron and steel priorities had been announced earlier in the month, which will serve under E. It. Stettinius Jr., Director of Priorities, in the a 7.64c., New York. for January bookings for the second and third quarters, it is not these so 29, sales 2,790 tons during the week ended Jan. 25, as 5,963 tons the week previous, 6,106 tons for the week ended Jan. 11, and 5,750 tons for the week ended Jan. 4, the quotation being unchanged at 7.25c., St. Louis, December, in some instances good part of these are forward a Jan. totaled have been larger than those of as 12.0Oc., Connecticut Val¬ 12.37 %c. to 12.50c., against purposes, superimposed on already books, is creating problems for the scheduling department of the steel companies more serious than have Tonnages the on custom smelters at being placed at 5.50c., New York, and 5.35c., St. Louis, Sales of common grades of zinc unchanged since Dec. 2. "An increasingly large volume experienced. business some ness (high for 1940) publication on Jan. 30 defense been 7. was quite active during the week amounting to 15,539 tons, compared with 7,076 tons during the i>revious week, 8,879 tons for the week ended Jan. 15, 10,254 tons for the week ended Jan. 8, and 7,260 tons for the week ended Jan. 1, this busi¬ crowded order hitherto Jan. ended Demand for lead ended and $21.83 same allocate to ley basis, with about 600,000 tons of steel, much of which will be fabricated by structural shops, which have ample surplus capacity for such work." The "Iron Age" scrap composite price, after rising from $21.83 a gross ton Jan. week 92,044 tons, as com¬ pared with 90,164 tons for the full month of December, and 85,004 tons for November. Large copper x>roducers con¬ increasingly prominent part in a volume of steel business which exceeds shipments, piling up larger backlogs and lengthening deliveries still further. The 200-sliip program to be carried out by the Maritime play of has been purchased by some pro¬ seasonal demand, coupled with the heaviest export sales in more than two sizable volume of Government shoe decades and business, has a reduced tanners' stocks of heavy leathers materially. Sales of upper leather also have been brisk with side leather moving freely than higher priced calf. The leather market more has generally steady for two months been change in price is anticipated at least had time to rebuild their inventories. and no appreciable until tanners have start of last year tinue to compare ticipated before the year-end, the usual January hide price of short duration and was limited to one-half cent per pound. In Buenos Aires an abrupt drop of one and one-half cents was found necessary to move the rise this was year which had accumulated. stocks traders were United States tanners and immediately attracted to that market, however, newly established level of 13 %c., thereby providing tangible evidence that imports may be expected to play an the at part important in the domestic hide picture as long as the war." foreign demand is restricted by Grains # brief period of firmness during the early part, the trend of ijrices of wheat in domestic markets was downward during the past month. The markets started the New Year with a firm undertone, being influenced by an Except for a milling demand and the tight cash by the Government loan. These strengthening factors were short lived, however, as an already favorable moisture situation throughout the winter wheat belt was further aided by heavy snows which improvement in situation wheat the created prompted increased offerings. The snows were more than usually beneficial, as they were followed by mild tempera¬ tures rather than a cold wave, as had been forecast. While ' sugar con¬ preliminary section of the AAA on Jan. 23, sumption report released by the sugar indications were that the final figure would exceed the of 1939 by a fair margin. Ex¬ clusive of mainland cane deliveries in December only, de¬ liveries in 1940 amounted to 6,858,766 short tons, raw value, which compares with full 1939 deliveries of 6,865,000 tons. Deliveries of mainland cane during December were expected to be in excess of 10,000 tons. Thus, should the current year's consumption equal that of 1940, the carryover by refiners and operators at the end of the year will amount only to about 375,000 tons. Therefore, according to indica¬ tions, a comparatively tight supply situation is likely to prevail during the coming year. Sales of Cuban raw sugars during the month consisted of the following, all exclusive of duty: On Jan. 8, February shipment at 2.03c.; on Jan. 10, January shipment at 2.05c.; on Jan. 17, February shipment at 2.00c.; on Jan. 23, January loading at 2.03c.; on Jan. 27, prompt shipment at 2.03c., March shipment at 2.04c., and late March shipment at 2.08c, and on Jan. 29, afloat at 2.03c. and February shipment at 2.04c. The whole¬ sale price for refined, immediate delivery, was quoted at 4.40c. until Jan. 15, when a range of 4.40c. to 4.45c. was previous record consumption quoted. when a The latter range was maintained price of 4.45c. was quoted. until Jan. 31, Coffee developed decided firm¬ Active buying was stimulated by unconfirmed reports that the Brazilian Government, fol¬ lowing the lead of Colombia, would establish minimum ex¬ port prices—71/2c. and 8c. per pound being mentioned. coffee "futures" The market for ness during the past month. served to check whatever liquidation been--going on, the declining prices served Meanwhile, coast and freight offerings from Brazil were of free grain to sell while they could scarce and firm. Buying was also prompted by reduced still obtain a small premium over the former Government estimates of the Sao Paulo crop as a result of the 1940 loan basis. Another factor in the prevailing unfavorable drought. Brazilian interests were credited with being sub¬ outlook was the fact that some of the Government loans stantial buyers in the New York futures market, while on cash wheat in the Southwest will begin to expire early roasters were good buyers of actuals'. in February, and all grain in excess of the 250,000,000 No. 7 Santos was quoted Jan. 31 at 7c.@7}4c. against bushels held in warehouses against loans will go to the Government unless the farmers redeem the wheat. This 6^0. Dec. 31, the same as on Nov. 30, 6%c. Oct. 31, the same as on Sept. 30, against 5%c.@6c. Aug. 30; 6%c. on tended to place a ceiling over the market, because the July 31, June 29, May 31 and April 30; 6*4c. March 30 and announced intention of the Government to sell matured loan 61/£c.@5%c. Feb. 29, the same as on Jan. 31. wheat on a cost plus basis put the prospective government No. 7 Rio was quoted on Jan. 31 at 5%c. against 5^4c. selling price at or above current open market levels. The Dec. 31, the same as on Nov. 30, 5%c. Oct. 31; 5c. Sept. 30; amount of wheat now in loan is placed at about 278,000,000 5%c. Aug. 30; 5%c. on July 31, June 29, May 31 and bushels, plus about 25,000,000 bushels which have been reApril 30; oV2c. March 30; 5%e. Feb. 29, and 5%c. Jan. 31. sealed. This huge amount of grain has placed a strain Rubber upon storage facilities and elevator operators were begin¬ Crude rubber started the month with a fairly steady un¬ ning to wonder where the new crop would be stored. Mean¬ dertone. Later, however, a sharp reaction took place, but while, the markets failed to respond to reports that the subsequently a moderate rally got under way, and the major Department of Agriculture was contemplating a further cur¬ tailment in the wheat acreage. Nor did they respond to portion of the early price loss was recovered. The initial steadiness was due in part to advices from Washington reports that a new farm program was in the making which, indicating that Government agencies are far behind their it was believed, would necessarily provide for a processing tax. The markets appeared to be more or less resigned to buying program for building up rubber reserves. It was estimated that only 115,000 tons had been accumulated at the fact that the Government will be obliged to undertake the end of the year, as against a planned figure of 235,000 some sort of additional action to control the present and prospective large supplies of wheat. Annual requirements tons. The mid-month decline in the market was attributed to speculative liquidation and selling by dealers, as well at present are estimated at about 750,000,000 bushels, and a& to official statistics showing that over 70,000 tons were to meet this demand- the United States will have upwards of 1,200,000,000 bushels this coming year, made up of a imported for trade uses, during December, assuring a sub¬ stantial increase in trade stocks. Another bearish factor carryover of 400,000,000 bushels plus an expected winter was the report of a slight reduction in war risk insurance wheat crop of 033,000,000 bushels and a spring wheat production of 200,000,000 bushels. While an acreage curtail¬ rates on rubber shipments from the Far East, construed as indicating that the shipment situation was improving. The ment is in prospect in Argentina, where supplies are large, subsequent rally in quotations was due, in part, to the supplies in Canada are now estimated to be about 50,000,000 substantial decline in rubber stocks in the Malay States bushels, with no steps so far taken towards imposing any additional restrictions on farmers in that locality. during December and, in part, to renewed apprehensions Com displayed independent strength the greater part of concerning the Far Eastern shipping outlook. It was re¬ the past moqth, while oats and rye followed the course of ported that withdrawals of a number of ships from the Far Eastern route had caused a very tight freight situation wheat and moved downward. Corn was influenced by the and that, as a result, ocean freight rates will be advanced widening in the liog-corn ratio, which made it much more 25% on March 1. profitable for farmers to feed their corn to hogs and market the > and, according to predictions, should con¬ favorably. Much encouragement was also by the official estimate of domestic during the year 1940. Based on a prompted responded only fairly well in January to the stimulus of increased shoe and leather sales. This is attributed largely to the fact that substantial advance orders had been placed in December when the outlook for the first quarter was generally acknowledged to be favor¬ able. With the bulk of the spring requirements thus an¬ "Hide prices ^ 9 MONTHLY REVIEW Feb., 1941] decline in prices of loan wheat had to it influence holders the in form of meat than to sell the corn in the open that the Government would be willing to sell cash corn at 65c. to 69c. a bushel at terminal and sub-terminal markets induced an easier undertone towards the end of the month. In Chicago the May wheat option closed on Jan. 31 at 82%c., as against an oxjening of 87%c. on Jan. 2 (Jan. 1 was a holiday, New Year's Day). At Winnipeg the May wheat option closed on Jan. 31 at 761/£c. as compared with an opening of 77%c. on Jan. 2. May corn in Chicago closed on Jan. 31 at 61 ^4c., as compared with an opening of 63*4 c. on Jan. 2. May oats closed at 35%c. as compared with an opening of 37%c. on Jan. 2. May rye closed at 43%c. as compared with an opening of 47%c. on Jan. 2. market. However, the announcement Sugar A generally firm undertone prevailed in the market for "futures" during the past month, with prices scoring moderate gains. In view of the statistical position, which was claimed to be the best in years both as regards the market for raws and the position of refined buyers, senti¬ sugar appeared to be generally optimistic. It was pointed stocks of raw and refined sugar held by cane refiners at the end of the year were only about half the amount on hand at the end of 1939. Furthermore, the ment out that demand for refined was more active than it was at the were quoted at against 20%e. asked Dec. 31; 21c. asaked Nov. 30, the same as on Oct. 31, 19%c. asked Sept. 30; 19%c. asked Aug. 31; 21:%c. asked July 31; 21%c. asked June 30; 2114c. asked May .31; 19}4c. asked April 30; 18%c. asked March 30; 18 9/16c. asked Feb. 29, and 18%c. Ribbed 19%c. smoked asked Jan. sheets for spot delivery 31 asked Jan. 31. Textiles further during the past of the defense program and its reper¬ cussion in general industrial activities continued to make itself felt. Retail business again made a satisfactory show¬ ing, and the dollar volume of sales showed steady gains over the corresponding period of last year. Because of sharply reduced stocks, less emphasis on special promo¬ tions was placed by most stores, but, nevertheless, consumer demand continued gratifyingly active, stimulated by pre¬ dominantly favorable weather conditions and, steadily in¬ The textile trades improved month, as the impetus creasing public purchasing ability, due to mounting pay- * stormy Only during the latter part of the month, weather conditions and growing apprehensions over rolls. the war slackening effect on business activity. Wholesale trading got off to a promising start as both wholesalers and retail merchants displayed more willingness to add to their commitments, for immediate situation, exerted a temporarily % 10 needs MONTHLY REVIEW as factors well as the were for forward depletion requirements. Determining dissented inventories of distributors' did last term, in in cotton January showed Great to market, Britain, had did as statistics for forecasts of and agreements which it later renewed." tures." barrels, which nearly absorbed the production, was an illegitimate discrimination against highly productive, thinly-drilled areas. legitimate "We these arguments as an attempt to sub¬ judicial judgment for the expert process invested by the field in a State so peculiarly dependent upon special¬ ized judgment/' Justice Frankfurter pointed out. "We said tions a of a price-fixing, and reports planters in the major sections of the Southern belt have indicated their willingness to cooperate in the acreage reduction plans. Spot cotton here in New York was quoted at 10.62c. Jan. 2. On Jan. 14 the price reacted cies. active fresh early in the month, chiefly defense purchases under by Government the agen¬ After a lull in buying occurring during the middle iieriod under review, trading once more expanded materially, and prices stiffened, as the better movement of the 15, and to 4%c. Jan. 28, and 27-inch cloths 60x64's from 4%c. to 4%c. Jan. 16, while Osnaburgs jumped from 8%c. to 9%c. Jan. 10 to 9%c. Jan. 20, and to 9%c. Jan. 31. The report of the Census Bureau, issued Jan. 14, and covering the month of December, showed another substantial increase in the United States compared with consumption the previous month of the and staple, the both as corresponding period of last year. The amount consumed in December was given as 775,472 bales of lint and 104,536 bales of linters, compared with 744,088 bales of lint and 108,117 bales of linters in November, and 650,123 bales of lint and 105,329 bales of linters in exploitation The woolen goods market continued very active, although growing difficulties in obtaining early deliveries are prov¬ ing a hindrance to business. Clothing manufacturers en¬ of unfilled reluctant to Government make materials, but with large backlogs on their books, mills were orders additional commitments for early ship¬ ment. With deliveries likely to continue tight for some time to come, little resistance to the higher price demands is shown. Business in women's wear materials also ex¬ panded, and prices followed a stiffening trend. Japanese double extra 13-15 deniers were quoted Jan. 31 at $2.54@$2.59 against $2,52@$2.57 Dec. 31, the same as on Nov. 30; $2.58@$2.63 Oct. 31; $2.55@$2.60 Sept. 30; $2.47@ $2.51 Aug. 31; $2.53@$2.55 July 31; $2.65@$2.68 June 30; $2.72@$2,79 May 31; $2.58@$2.64 April 30; $2.87@$2.90 March 30; $3.00@$3.05 Feb. 29, and $3.10@$3.15 Jan. 31. In the case of the 20-22 deniers Japanese crack double quoted at $2.33@$2.38 Jan. 31, the same as on Dec. 31. against $2.34@$2.39 Nov. 30; $2.40@$2.45 Oct. 31; $2.38@$2.43 Sept. 30; $2.41@$2.45 Aug. 31; $2.44@$2.46 July 31; $2.56@$2.58 June 30; $2.64@$2.81 May 31; $2.53@ $2.59 April 30; $2.82@$2.85 March 30; $2.91@$2.96 Feb. 29, and $3.03@,$3.08 Jan. 31. extra was Continued victory of of the Texas Railroad Commission over its proration set-up in East Texas in the mid-January decision of the United States Supreme Court upholding the State regulatory agency highlighted domestic developments in the petroleum industry during the initial month of 1941, other important developments being further advances in Penn grade crude oil prices, ending of the Wisconsin anti-trust cases, and month-end indications that the long-awaited settlement of the troublesome Mexican dispute was at hand. The Texas Railroad Commission was upheld in its policy and formula for establishing proration allowables in the East Texas field in a decision handed down by the United States Supreme Court on Jan. 6, dissolving injunctions pre¬ viously granted the Rowan & Nichols Oil Co. and the Humble Oil & Refining Co. in the lower Federal courts in Texas. Justice Felix Frankfurter, who wrote the majority opinion, voiced severe criticism of the lower court basis that it had substituted judicial opinion for on the opinion of experts on technical questions of oil proration. Chief Jus¬ tice Hughes and Associate Justices McReynolds and Roberts far in runs is resource not to achieved be powers by plainly outside expansion in of excess demand daily ? I combined with refinery production pushed prices of Pennsylvania grade crude oil up ,15c. a barrel on Jan. 26, average third advance in the forward November barrel. the and For before the a domestic market movement which ule, started last bringing the cumulative advance to 45c. a period following the conquest of France, and for defense program picked the up Pennsylvania grade crude oil hit which lasted until late in 1940. South Penn Oil will pay a slack, slump Under the $2.30 new iirice sched¬ barrel for Bradford- a Allegheny crude; $1.95 for Southwest Pennsylvania grade crude, and $1.89 for Eureka Pipe Line crude. There were no changes posted in Corning grade crude. Other major changes in the Nation's crude oil price struc¬ included restoration of the 20c. a barrel price cut in 10 Southwest Texas fields posted early in December by the Republic Oil & Refining Co., effective Jan. 20. The Barnsdall Oil Co., Amsco Pipe Line and Continental Oil Co. met the advance. It was reported that an offer to pro¬ ducers in the fields to purchase all of their output at the old price by Humble Oil & Refining forced the restoration of prices by Republic. Purchases of approximately 40,000 barrels of crude oil daily were affected by the restoration of the old price level. Humble's failure to follow the lead of Republic in December made it impossible for the other companies to maintain the lower price schedule, oil men pointed out. At the State-wide proration hearing in'Austin mid-January, officials, of Humble said that indications in for gasoline demand to start were such that the company planned increasing its crude oil inventories. The second to came an of the end so-called Jan. 15 in Madison anti-trust law cases Chicago, when "Federal Judge Walter C. Lindley fined the last defendant—J. W. Warner of Tulsa, Okla„ mid-continent Water Associated Oil chambers Prior to of the admitting the United entrance nor sales Co.—$15,000 at of States manager a Circuit of the Tide hearing held in the Court of Appeals. plea of nolo contendre, neither contesting the charges, Judge Lindley granted a motion the challengers natural their province and no less plainly beyond their special com¬ petence," adding, "the Constitution does not provide that the Federal courts shall strike a balance between ascertain¬ able facts and dubious influences underlying such a compli¬ cated and illusive situation as is presented by the Texas oil fields in order to substitute the court's wisdom for that of the legislative body." a Petroleum and It» Productt The primary ture December, 1939. tered the market for fall are continuous assumption by the Federal courts of of finished goods caused converters to enter the market for additional supplies. Print cloths at Fall River for 28-inch 64xC0's advanced from 4%c. Dec. 31 to 4%c. Jan. knowledge touching pro¬ developing that sounder founda¬ only to be achieved through fruitful empiricism administrative process." In ordering the dismissal of the case, Justice Frankfurter further declared that "a State's interest in the conservation and that cotton was a in effect that the basis of present ration was so uncertain and of influence of rejected stitute fluence of increased trade and mill markets was "as thorny a problem ingenuity and wisdom of Legisla¬ it will be recalled, it was claimed the that minimum allowable of 20 quently, however, prices strengthened again, under the in¬ 10.45c., but va subsequent rally carried the quotation to 10.92c. Jan. 31; Business in the gray goods At an vant markets, and reports that Great Britain may negotiate for large quanti¬ ties of Brazilian and Peruvian cotton, thus further encroach¬ ing on export outlets of the United States staple. Subse¬ of challenged time, hourly potential formula fatally omitted other rele¬ factors, especially acre-feet of sand, and that the that both the unfinished and finished goods low production between wells has as System concerning the curbing of inflationary price trends, the market paid in¬ creased attention to the sustained activity in the domestic cloth markets, and to the proposals aiming at a reduction of planted cotton acreage this year from the acreage already allotted to growers. During the second half of the month a mild reaction got under way, chiefly owing to increased Southern hedge selling, somewhat less satisfactory reports a He also pointed out, in speaking of the decision handed down in the previ¬ ous term, that the Supreme Court had ruled that the adjust¬ sup¬ of Governors of the Federal Reserve . they as hearing affecting the immediate situation, with full opportunity given to the oil company to develop the facts ment of to verdict, cific stimulating effect on the record domestic consumption a ply of "free" spot cotton, and the extension of the export subsidy to the end of March. Whil^ these factors were counteracted to some extent by the proposals of the Board from majority a Justice Frankfurter's majority report stressed that the challenged order of the Commission "concededly" satisfied all i>rocedural requirements and was "part of a continuous process of administrative responsibility, preceded by a spe¬ continued December, the continued tightness of the six-to-three Court. strength, and prices reached new highs for the movement. Early in the month growing indications of a speeding up of defense work, and resulting expectations of larger shipments of cotton the when similar question was unsuccessfully raised by the Rowan & Nichols Oil Co. before the Supreme hands, and fears of impending delivery difficulties and price advances. Spring buying was much in evidence, and total sales exceeded last year's volume by a considerable margin. Raw from of the United States Department of Justice that charges against the Tide Water Associated Oil Co. and Edward L. Shea of New York, former Executive Vice-Presi¬ dent, be dismissed. Fines of $5,000 on each of the three counts of the indict¬ ment against Mr. Warner were levied. James C. Wilson, special counts Assistant Attorney General, said that the three charged conspiracy to fix the margin given to job¬ bers, to fix uniform terms of contract to jobbers, and to adopt uniform practices in dealings with jobbers. and the company were to have counts at Madison on York firm Webster & law fendants, said of that Jan. 20. the been B. tried on Mr. Shea the three M, Webster of the New Garside, counsel for the de¬ disposition followed the filing of Jan. 4 by the company that a trial would consti¬ double jeopardy because the charges against Tide Water Associated Oil Co., in the first Madison case, briefs on tute charg¬ ing violation of the anti-trust laws, were dismissed by the court on motion of the Department of Justice. Improvement in domestic demand for crude oil during February over that both for the current month and the comparable period demand estimate a of year ago was the United indicated in the market States Bureau of Mines. placed home demand at 39,000,000 barrels. Exports, it was estimated, would reach approximately 1,800,000 barrels, off barrels daily, or a was 100,000 barrels from February a year ago. Brice changes in the Nation's major consuming areas were irregular during the first month of 1941. Gasoline set Crude oil exports were ahead of February a year ago. ' barrels, 400,000 barrels under January, but 200,000 barrels ahead of last year. The estimated daily average crude oil demand by States follows: 3,500,000 at January 1,312,000 1,297,500 .... Illinois.-- - 288,600 193,200 100,700 Louisiana Kansas New Mexico Montana Mississippi Kentucky 20,000 16,100 * 15,400 — 12,900 West 3,900 - Wyoming 74,600 73,900 Colorado Arkansas 66,100 66,100 Nebraska Pennsylvania Michigan.... 50,000 47,500 48,000 46,100 Total 9,000 closing 3,591,000 of crude oil for Texas during February and March was set at 1,318,872 barrels in orders issued by the Railroad Commission in the final week of January, with the total some 40,000 barrels under the estimated demand for Texas crude as indicated in the regu¬ lar monthly market demand forecast of the Bureau of Mines. As of Jan. 25 the daily average flow of crude oil in Texas was 1,311,767 barrels. The new orders called for nine shutdown days in February and 10 shutdown days in March. Many fields, however, are exemx>t entirely, from the well-closing requirements, and in the Panhandle dis¬ trict only seven shutdown days for each month was ordered. Oklahoma set its February-March allowable at 400,000 bar¬ rels, up 10,000 barrels from January but 42,000 barrels below the allowable suggested by the Bureau of Mines. Basing their claims on the need for lower rates as a means of enabling them to compete with shippers using pipe lines and water transportation, representatives of the Petroleum Rail Shippers Association during January sought the approval of the Interstate Commerce Commission for reduced rates on multiple-car shipments to eight terminal destinations. The terminal points involved in the proceed¬ ings were Kansas City, St. Louis, Chicago, Des Moines, Omaha, Jefferson City, Iowa City and Minneapolis. Repre¬ sentatives of the group, appearing before the Commission holding oral argument on ICC docket 28106, involving rail rates on petroleum products, proposed a reduced rate for shipments of a minimum Of 5,000 barrels, or 25 cars. It Daily average allowable production stressed was independent refiners usually produce or that refine petroleum in direct competition with J. L. Lawrence, counsel for the organization, said that pixie lines could not be substi¬ tuted for rail service since the number of origins and desti¬ nations involved in the shipments made such substitutions purchase and the major refiners. of many impossible. H. A. Hollopeter, representing the Indiana Independent Petroleum Association, told the Commission that products refiners must generally use the rail¬ roads oxierating between the mid-continent field and In¬ diana to reach independent marketers. Combined opera¬ tions of the independent refiners in producing or purchasing and refining, and use of the railroads from the mid-conti¬ nent field to Indiana, and of the independent marketers in marketing their petroleum products, is quite parallel and competitive with the similar and ofter complete or inte¬ grated operations described, or producing, refining, trans¬ porting by pipe line and market, of the major oil companies, he said, adding: "It is because of this that the rail trans¬ portation service from the mid-continent field to Indiana becomes very important to independents and quite vital to their very existence." In presenting the railroads' side of the argument, M. G. Roberts, representing the Alton RR. Co. and others, asserted that the complainants raised no issue of multiple rates in their original comjilaint filed of the independent with the the decision Mr. Commission. that Roberts declared emphatically Commission and the Examiner's of the report, in any case, should be limited and confined to the contained in the complaint itself. issues Indications lem, settlement of the Mexican oil prob¬ that the the Mexican arising of the dispute between of week January, sent stocks of motor fuel into Jan. 31 stocks of motor desirable for April 1, when the spring rise in demand is first felt, by the industry's economists. Three major petroleum companies posted on Jan. 22 statistically top-heavy levels, with 2,000 fuel already 3,628,900 Coast prices were lower along the Eastern seaboard, while Diesel oil prices were cut twice, dropping off 15c. a barrel. Record high refinery operations, particularly during the 10,000 10.100 3,900 3,200 Ohio Gulf the in 13,000 Virginia..10,900 New York contra-seasonal showed 20,000 19,000 15,200 14,800 in the metropolitan New York area, strength on the better conditions market. Kerosene and No. 2 fuel oil particularly prices, Janaury 22,500 Indiana 594,800 439,000 340,300 287,400 191,000 100,000 595.700 442,500 342,100 California Oklahoma February Stale— February ^ State— Texas monthly market demand estimate, regular its in Mines, placed demand for February at 3,628,900 total of 101,610,000 barrels for the month. 37,900 barrels above the January estimate and 1% The Federal agency This 11 MONTHLY BEVIEW Feb., 1941] Govern¬ with briefs higher than the working level set as Commission in Washington Federal Trade the had violated the Robinson-Patman Act by establishing price differentials in the Detroit area. Standard Oil Co., Chicago; Texas Co., New York, and Shell Oil Co., Inc., New York, admitted selling gasoline to cer¬ tain companies for less than to others, but asserted that the reductions were restricted to allowances for the differances in the cost of sale and delivery to the various outlet denying that they The reductions companies. it was con¬ competitors. also were made, tended, to meet the equally low prices of Representative price changes, showing the trend of re¬ petroleum products in the Nation's chief marketing areas during January, follow: fined Oil 2—Standard Jan. of advanced Indiana normal to all tank-wagon; kerosene that were &c. or. less, subnormal. All other special tank-wagon prices will be advanced at least %c., leaving none, more than lc. subnormal. All subnormal prices on range oil will be advanced to normal. All these changes are effective Jan. 6. 18—Socony-Vacuum Oil pared prices of kerosene and No. 2 Jan. oils York oil prices were pared with similar reductions barrel to $1.95 2 fuel oil prices 2/10ths 25—Socony-Vacuum cut kerosene and No. 27—Diesel fupl Jan. a Standard effective Jan. 27. oil prices were cut 10c. a barrel to $1.85 a barrel, harbor. York 29—Socony-Vacuum Oil Jan. at New down the Atlantic Coast to Charles- Jersey met the advance, which became cent a gallon to 5c., and 4.4c., respectively, in New York harbor. a New 5c. C. N. Jan. cent effective Jan. 23. postings in New York-New England, car 20—Diesel harbor, town, heating gallon New York and New England. cent a 20—Socony-Vacuum lifted motor fuel prices 3/10ths cent a gallon tank Jan. of to 3/10ths 2/10ths Jan. for Perfection of prices gallon lifted tank car prices of gasoline 2/lOths in the metropolitan New York area. JANUARY FINANCING OF THE UNITED STATES TREASURY quickening temxx> of the defense effort in January The brought the Treasury more nearly face to face with the weiglitiness of the problem it will have to deal with in the national rearming. The handiest guide to the expanding demands on the Treasury is that afforded by the outlays Navy Departments. Expenditures of amounted to $538,934,216 in the first 30 days of January, or approximately $17,900,0(30 a day, as against $127,760,520 laid out in the corresponding period of the previous year, or a daily average of slightly more than $4,250,000 a day. The developments traceable to the mounting financial burden imposed on the Treasury included another defense loan operation—the second in two months—as well as heavy inroads into Treasury balances with the Federal Reserve banks and other depositary institutions and a good-sized the for Army and these departments , depreciation in the prices of outstanding Government obliga¬ tions. The Treasury's deposit balance with the Federal Reserve banks was $110,230,000 lower on Jan. 29 than at the-beginning of the year, and a total of $364,000,000 was loan accounts with special deposi¬ withdrawn from the war taries, reducing the balance remaining in the war to $305,000,000, a new low for three and a accounts loan half years. This of some half-billion dollars of oil holdings early 1938, may be near development on Jan. 29 when Mexican Ambassador Najera left Washington for Mexico City by plane, reportedly to confer with Presi¬ depletion in Treasury cash balances impelled the 23 to approach the market with an offer¬ ing of $600,000,000 of "94% national defense series Treasury notes. The Treasury offered $500,000,000 of these 94% national defense notes in December, and on that occasion the term of the notes was five years. The shrinkage in dent Camacho relative to final settlement of the expropria¬ open tion dispute. necessitated ment American and British and oil companies over the expropriation in Mexico Price in showing the changes, trend of crude oil prices in the major areas of the Nation, follow: crude Oil 2—Pure Jan. oil postings initiated Transportation the Central in Basin a fields 6—Retroactive in a ranging Coast up oil to 20c. pools, a barrel meeting barrel advance Michigan, which in lifted . Jan. to in 1, Continental Oil reductions crude postings in six lower Texas Gulf posted by other companies in De¬ reductions 20—Republic Oil & Refining rescinded the price cuts for 10 fields in Southwest Texas posted on Jan. Oil also restoring the 26—The Joseph Seep advanced the price of 5, with Barnsdall, Amsco Pipe Line and oil price list. Purchasing Agency of the South Penn Oil Co, Penn grade crude oil 15c. a barrel, effective immediately. The record many any consumption of gasoline, which has ruled for months, will continue during January, with domestic consumption for this period seen 7.6% better than in the comparable period in 1940. The United States Bureau of to of maturity, the volume of subscriptions at¬ offering was relatively lower than on the new in recent years. Morgenthau Jr. an¬ offering for cash subscrip¬ other issue marketed by the Treasury of the Treasury Henry nounced on Jan. 23 that he was national defense series of Treasury D-1944, in the amount of $600,The obligations, he said, would be would fall due on Sept. 15, 1944. offered in December, were to be subject to all Federal income taxes. In contrast to the term of the January notes, those offered in December were dated Dec. 18, 1940, and were to mature on Dec. 15, 1945, thereby giving them a full five-year maturity. Mr. Morgen¬ thau said in December that he was not offering $1,000,000,000 of new securities at that time because he wanted "to give Congress an opportunity to take up and pass on tion at par a 94% designated Series 000,000, or thereabouts. dated Jan. 31, 1941, and These notes, like those notes, Continental Jan. tracted Secretary posted cember. Jan. four market prices on Treasury issues in January, however, a shortening of the maturity of the issue by months from that sold in December. Even with this shortening 10c. Temple-Clare prices to $1.17. Jan. Treasury on Jan. 12 MONTHLY REVIEW the subject of the whole debt structure next session (of Congress)." But the expanding demands oh the Treasury in connection him to with for wait defense the would program Congress to act. not permit f.; Secretary Morgenthau disclosed on Jan. 30 the fact that offering had brought in subscriptions aggregating $2,750,403,500, or an oversubscription of four and a half times, and that allotment were being made on a 23% basis. the note Ihis result shaped up poorly in comparison with the experi¬ with the $500,000,000 of*%% national defense notes ence in December, which brought in subscriptions amounting to $4,071,277,000, with allotments equal to 10.6% of subscrip¬ tions. The smaller volume of subscriptions attracted by January notes may be attributable in part to -the more particular insistence by the Treasury in the terms of the offering that no sales of the new notes be made on a the when-issued basis until the closing of the subscription books. This sterner policy on free-riding tended to pare down of the more speculative subscriptions, but a more NEW SECURITY ISSUES January new security issues both publicly offered or disposed of through private sale exceeded the total of the corresponding month in any year since 1937, but fell far short of the total for December of last year, which was the on by of the market for some Treasury issues day very arrested issues the break in was of the offering. This decline month-end, with the result that the defense closed notes under the par, was not the two December series at 99 21/32 bid and the January series at 99 30/32 bid. The two developments of the month which bore down hardest on Treasury security prices were the special report on RAILROAD non-callable. The bankers announced that the certificates would not be reoffered as the entire issue had been sold. The was sold at competitive bidding, four groups participating, The winning bid of 98.052 was followed issue by the Blyth & Co. of 98.051, the First Boston Corp. group's bid of 97.676, and that of 97.279 submitted by the Halsey, Stuart & Co. group. The difference between the winning bid and group's bid preparedness policy by the Federal Reserve to Congress on Jan. 1 and the budget message of the second bid President Roosevelt on Jan. 8. By the end of January the prices of long-term Treasury bonds were about 3% points under the December highs and the December defense notes, which at about the time of offering quoted were at In the article the reports of the Federal Reserve banks the special report of the System is discussed. Taking up here the President's budget message, one notes that expendi¬ tures for the fiscal year ended June 30, 1942, were esti¬ mated at $17,485,000,000 as against $13,452,000,000 for the current fiscal year, an increase of 29%. In detail, the President placed expenditures at $17,485,528,049 and net receipts at $8,275,435,000, which would leave a net deficit of on $9,210,093,049 year and year 1940. actual an Mr. deficit of Itoosevelt fense. out that 62% the were from June, 1940, to the time of the budget message, plus the recommendations for supplementary appropriations and authorizations for 1941 and the recommendations con¬ tained in the budget for 1942, totaled $28,480,000,000, includ¬ $13,704,000,000 for the Army, $11,587,000,000 for the ing Navy, $1,902,000,000 for expansion of industrial plant and $1,287,000,000 for other defense activities. The President estimated that the public debt at the end of the 1942 fiscal would be $58,367,065,057, compared with $49,156,972,008 at the end of the 1941 fiscal year and $42,967,year 531,038 June 30, 1940. on Unsettling to the the for following two sentences in Treasury securities There group an increase in of the Jan. on the national 24 legislation debt limit from in the national defense series. Principally be¬ of the abnormal demand for bills from Illinois banks, preparation for the State tax on bank deposits April 1, the bill issues dated Jan. 2, 8 and 15 on were awarded af prices above par and the issues dated Jan. 22 and 29 were awarded at prices above par and at par. The tenders for the Jan 2 bill issue amounted to a new record high of are given BUls in of the Treasury bills sold on Offered Date Dec. 27 1940 Jan. 3 1941 2 1941 Apr. 2 1941 Jan. 8 1941 Apr. 10 1941 9 1941 Jan. 15 1941 Jan. 17 1941 Jan. 22 1941 Jan. a discount Jan. 24 1941 Jan. 29 1941 Jan. 31 1941 Feb. 5 1941 Apr. 16 1941 Apr. 23 1941 Apr. 30 1941 May 7 1941 tions 90 days $100,000,000 $648,182,000 100,000,000 560,547,000 100,000,000 398,849,000 91 days 100,000,000 303,957,000 91 days 100,000,000 263*K)61,000 91 days 100,000,000 312,345,000 91 days 91 days To Redeem Subscrip¬ Amount Offered tions Average Accepted Price Dec. 27 1940 Jan. 3 1941 10 1941 Jan. 17 1941 Jan. 24 1941 Jan. 31 1941 $648,182,000. 560,547,000 398,849,000 303,957,000 263,061,000 312,345,000 §100,435,000 100,002,000 100,023,000 100,078,000 101,298,000 100,450,000 Maturing ' Yield clOO.OOO CO.000% n0.000% &100.001 + M).000% clOO.OOO-f- CO.000% cl00.000-f cO.000% clOO.OOO-f- CO .000% al00.003 Issue of— $101,450,000 101,944,000 100,544,000 100,500,000 100,907,00 100,130,00o but being tendered at 100.003. $27,550,000 6 The accepted bids were tendered at prices In excess of par. the lowest being tendered at 100.001. ' ' bid c Accepted bids were $2,900,000 equipment tendered at prices was awarded certificates at planned. The issue 1% is on certificates trust bearing to coupons. mature 1942 to 1951. 101.161 as Jan. 16 wer* on a bid o No public serially from slightly above par and at par. accepted UTILITY FINANCING $50,000,000 Illinois Bell Telephone Co.—Morgan Stanley & Co., Inc., on Jan. 17 headed a Nation-wide underwriting syndicate which offered to the public $64,250,000 (of a total issue of $50,000,000) 1st mtge. 2%% bonds, series A. The bonds, due Jan. 15, 1981, were priced at 103 to yield 2.61% co maturity and 2.60% to the first date at which they are callable at par. The remaining $3,750,000 of the issue, which the company is with¬ holding from public sale, will be sold, without underwriting discounts, to the Bankers Trust Co. as trustee of pension funds established by the company and affiliates. Associated with Morgan Stanley & Co., Inc., in the offering were Kuhn, Loeb & Co.; Kidder, Peabody & Co.; Lee Higginson Corp.; The First Boston Corp.; Harriman Ripley & Co., Inc.; Smith Barney & Co.; Mellon Securities Corp.; Blyth & Co., Inc.; Bonbright & Co., Inc.; Harris, Hall & Co., Inc.; A. G. Becker & Co., Inc.; Glore, Forgan & Co., and the Central Republic Co. 20,000,000 Bell Telephone Co. of Pa.—Company has called for redemp¬ April 15 its $20,000,000 0Y2% cum. pref. stock at 110 and accrued divs. To provide funds for the transaction, the com¬ pany will issue and sell $20,000,000 1st & ref. 2M% bonds to be dated April 1, 1941, and maturing in April, i976. The bonds will be sold at 100 to the following insurance companies: Provident Mutual Life Insurance Co., $2,500,000; Metropolitan Life Insurance Co., $5,500,000; Mutual Life Insurance Co., $5,500,000; Equitable Life Assurance Society of the United States, $5,500,000, and Fidelity Mutual Life Insurance Co., $1,000,000. 17,400,000 Philadelphia Suburban Water Co.—Company has sold an issue of $15,900,000 1st mtge. 30-year 3\i% bonds and an issue of $1,500,000 10-year notes to a group of seven insurance companies. From the proceeds the company will on March 1, next, pay off all of its $16,900,000 1st mtge bonds which were called for redemption at the close of January and will add $500,000 to its working capital. The bonds were dated Jan. 1, 1941 and become due in 1971. The notes mature $150,000 annually over a 10-year period period with interest rates ing from 0.38% to 2H %. according to maturity. rang¬ 12,000,000 Consolidated Gas & Electric Light & Power Co. of Balti" more—White, Weld & Co. headed an underwriting group which on Jan. 14 made a public offering of $12,000,000 series Q 2M % 1st & ref. mtge. sinking fund bonds dated Jan. 1, 1941, and due Jan. 1, 1976. The bonds were priced at 103H% Plus accrued interest. Other members of the offering group in¬ cluded: The First Boston Corp.; Minsch, Monell & Co., Inc.; Bonbright & Co., Inc.; Harriman Ripley & Co., Inc.; Lee Higginson Corp.; Alex. Brown & Sons; Joseph W. Gross & Co.; Baker, Watts & Co.; Mackubin, Legg & Co.; Jackson & Curtis; Kidder, Peabody & Co.; Frank B. Cahn & Co.; Robert Garrett & Sons; W. W. Lanahan & Co.; Spencer Trask & Co., and Stein Subscrip¬ Offering BUls Jan. 28 for reoffering is basis Amount of Mature Jan. Jan. 98.7946 following tables: BUls . on awarded $648,182,000. details States 2,900,000 Elgin Joliet & Eastern Ry.—Drexel & Co. issues The United an issue of $3,000,000 equipment trust certificates, due in 1 to 10 years. This represents an interest cost to the company of about 1.53% annually. cause in S. l^s $49,000,000,000 to $65,000,000,000. The Treasury in January replaced five weekly maturi¬ ties of discount bills of $100,000,000 each with five new bill F. were: R. W. Pressprich & Co.; Estabrook & Co.; the introduced in the House was 1.744 %. Other members of the offering Moseley & Co.; Kean, Taylor & Co.; Harris, Hall & Co. (Inc.); The Illinois Co. of Chicago, and Green, Ellis & Anderson. 3,000,000 Northern Pacific Ry.—The Equitable Life Assurance Society age cost to the road of were budget message: "In the first 130 years of our national life the Congress con¬ trolled the debt successfully without requiring such a limit. In view of these facts, I question the significance of a statutory debt limit, except as it serves as a fiscal monitor." proposing $11,925,000 1942 to 1956. Issued under the so-called-"Philadelphia Plan," the certificates due at the rate of $795,000 annually each Feb. 1, 1942-56. The certificates were awarded to The First Boston Corp. group on a bid of 100.043 for 1 V\ % obligations, representing an aver¬ tion market $1,000 bond. was made Jan. 15 of are . PUBLIC of for national de¬ authorizations for national de¬ Appropriations and per $2,527,998,627 in the fiscal pointed expenditures proposed in the budget fense cent one series L 1 % % equipment trust certificates by a group headed by The First Boston Corp. The certificates were priced to yield from 0.25 to 2.15% for maturities ranging from against $6,189,440,970 in the 1941 fiscal as was 11,925,000 Pennsylvania RR.—Offering a premium of about V2 point on a %% coupon, were quoted on a basis of 0.80%. The weakness in prices was occa¬ sioned less by heavy offerings than by a drying up of bids. FINANCING $12,570,000 Union Pacific RR.—Salomon Bros. & Hutzler, Dick & MerleSmith, and Stroud & Co., Inc., on Jan. 8purchased $12,570,000 equipment trust certificates, series F, lj^%, dated Jan. 1, 1941, and due $838,000 annually, Jan. 1, 1942 to 1956, incl. The certificates are unconditionally guaranteed as to principal and dividend warrants by the Union Pacific RR. They are monetary System an outstanding month. The bulk of corporate emissions went for refunding purposes, while approximately one-quarter of the total amount floated represented funds to be used for new capital purposes. A few offerings of major importance, that is as to size, to come upon the market during the month, included the $50,000,000 offering of the Illinois Bell Telephone Co., 2%% mortgage bonds, and the $20,000,000 issue of 1%% convertible debentures and one of $15,000,000 serial notes, both of the Phillips Petroleum Co. We present below the principal issues to come upon the market in January, together with issues privately placed and financing in the form of bank loans: important influence IN JANUARY In Bros. & Boyce. 11,500,000 Southern Counties ' Gas Co. of Calif.—Public offering was made Jan. 23 by an underwriting group headed by Blyth & Co., Inc., of $11,500,000 1st mtge. bonds, 3% series due Jan. 1, 1971, at 101 and interest. Other members of the offering group were: Dean Witter & Co.; The First Boston Corp Smith, Barney & Co.; Harriman Ripley & Co., Inc.; Bonbright & Co., Inc.; W. O. Langley & Co.; Mellon Securities Corp.; Stone & Webster and Blodget, Inc., and E. H. Rollins & Inc. Issue has been sold. Sons, 10,000,000 Montana-Dakota Utilities Co.—New financing of $10,000,000 for the company was carried out Jan. 8 with the offering $7,500,000 1st mtge. 3 H % bonds by an underwriting group headed by Blyth & Co., Inc., and Merrill Lynch, E. A. Pierce & Cassatt, and $2,500,000 1st mtge. 2M% serial bonds by Blyth & Co., Inc., and Merrill Lynch, E. A. Pierce & Cassatt. The 3H% bonds, which are due Jan. 1, 1961, were priced at 103 M and interest. The 2M% serial bonds with maturities ranging from May 1, 1942, to May 1, 1949, were offered at prices ranging from 101.88 and interest to 103.39 and of interest, according to maturity. Both issues have been oversubscribed, 8,000,000 Keystone Telephone Co. of Philadelphia-—Company has sold at private sale $8,000,000 1st mtge. 3 H % bonds, series A, due Nov. 1, 1965. The bonds were sold to the John Hancock Mutual Life Insurance Co., Boston, and Massachusetts Mutual Life Insurance Co., Springfield, Mass. Proceeds from this sale will be used to retire by call the company's present 1st lien & ref. mtge. outstanding $5,900.000 Rollins, Inc.; Paul H. Machine Tool Co.—Public offering of 62,342 stock (par $2.50); at $15.25 per share, was inderwriting group headed by Jackson & Curtis. In addition to Jackson & Curtis, the bankers offering the stock include Laurence M. Marks & Co., Stein Bros. & Boyce, and Riter & Co. The amount of estimated net pro¬ ceeds which the company received was $857,203. The com¬ pany has agreed that, of such net proceeds: $541,350 will be used for the redemption and payment of $540,000 serial 3 % % notes, due 1941-49. The balance will be used for additional working capital in the financing of increased inventories and shares of common Ex¬ companies $1,975,000 1st mtge. pany. 1965, for the redeem all of the outstanding & Telegraph Co. ($1,652,500) together with the premium thereon amounting to $33,050; to pay notes ($166,233); to provide funds for the redemption of Interstate Telephone Corp. pref. stock not deposited under the plan ($48,400); and for other proper corporate purposes. 1,250,000 Central Maine Power Co.—The company, it is understood. purpose of providing funds to bonds of Interstate Telephone has arranged to sell privately to an insurance company share. 500,000 Rheem Mfg. Co.—The company at 108 $37,803,500, all bearing 3)4% interest. gate AND & Co., Inc.; Bonbrizht & the offering were: Co.. Inc.; Alex. Brown & Dillon, Read & Co.; Drexel & Co.; Estabrook & Co.; The First Boston Corp.; Goldman, Sachs & Co.; Halsey. Stuart & Co., Inc.; Harriman Ripley & Co., Inc.; Harris, Hall & Co. (Inc.); Hayden, Miller & Co.; Kalman & Co., Inc.; Kiddder, Peabody & Co.; Kuhn, Loeb & Co.; W. C. Lang ley & Co.; A. E. Masten & Co.; Moore, Leonard & Lynch; Morgan Stanely & Co.. Inc.; Paine, Webber & Co.; E. II. Rollins & Sons, Inc.; Shields & Co.; Singer, Deane & Scribner; Smith, Barney & Co.; Stone & Webster and Blodget, Inc.; White, Weld & Co., and The Wisconsin Co. Union Oil Corp.—Morgan Stanley & Co., Inc., and offered two issues of securities consisting of $15,000,000 20-year 2 % % sinking fund debentures and $10,000,000 serial notes. The debentures were offered at 97H to yield about 2.915% to maturity and the serial notes at 100. The debentures were dated Jan, 15, 1941 and become due associates on Jan. 24 15, Jan. 1961. 23,250,000 Panhandle Eastern Pipe Line Co.—An underwriting group headed by Kuhn, Loeb & Co. on Jan. 30 offered $12,000,000 1st mtge. & 1st lien 3% bonds, series B, due Nov. 1, 1960, at 102 and accrued interest to date of delivery. As agents for the company, Kuhn, Loeb & Co. have placed privately at 100 and serially, 1946-50, and 35,000,000 Phillips Petroleum int. $6,250,000 series A bonds, due $5,000,000 serial notes, due 1942-45. Co.—An underwriting group headed by on Jan. 6 offered $15,000,000 serial semi-annually from July 1, 1941 to Jan. 1, 1951, inclusive. The notes were priced at par with annual interest rates ranging from 0.25% to 1.90%, according to maturity. The issue has been oversubscribed. Incident to the same current financing, company offered to stockholders of record Jan. 9 rights to subscribe to a new issue of $20,000,000 conv. 1 M % debentures at the rate of $4.50 of debentures for each share of common stock own held. The company has approximately 41,000 common stockholders. Any unsubscribed portion of the debenture issue was to be underwritten and offered by The First Boston Corp. and associates, after the subscription warrant privilege expired The Birst notes on Boston Corp. maturing $104.50 a share to yield 5.74%, by The Morris F. Fox & Co., and Bingham, Shelden & at 251,290 units were sold, four bond common offered par ($25) by Francisco—An issue of pref. stock was recently O'Melveny-Wagerseller & Durst, Huntley & Co., and Lester & Co. / • Foundling 220,000 St. Ann's Widows Home, Lying-in Hospital and Asylum, St. Louis, Mo.—Dempsey-Tegeler & Co., St. Louis, offered $220,000 1st & ref. mtge. serial real estate bonds. The bonds were dated Jan. 15, 1941 and become due quarterly from April 15, 1941 through July 15, 1946. Worth, 215,000 Our Lady of Victory College and Academy, Fort Texas—Dempsey-Tegeler & Co., St. Louis, offered $215,000 1st & ref. mtge. & coll. trust bonds. The bonds maturing Nov. 1, 1945 to and incl. May 1, 1949 bear int. at rate of 3)4% per annum from May 1, 1945 to maturity; bonds maturing Nov. 1, 1949 to and incl. May 1, 1952 bear interest at rate of 4 % per annum from May 1, 1949 to their respective maturities. Sisters of the Good 180,000 (The) Shepherd, Cleveland, Ohio— Dempsey-Tegeler & Co., St. Louis, bffered $180,000 1st mtge; £eal estate serial bonds. The bonds maturing Sept. 1, 1941 through Sept. 1, 1949 bear interest at rate of 3% per annum, bonds maturing Sept. 1, 1950 through Sept. 1, 1952 bear int¬ erest at rate of 3% per annum from Sept. 1, 1940 to Sept. 1, 1947, and at rate of 3)4% from Sept. 1, 1947 to their re¬ spective maturities. 155,000 Wentworth Military Scientific & Co., Lexington, Literary Educational Mo.—Dempsey-Tegeler & Co., St. Louis, 4)4 % serial bonds. Dated July 15, payable annually, Nov. 15, 1941 through offered $155,000 1st mtge. Principal 1940. 15, 1950. Mathias Roman Catholic Church, New Orleans, La.—Dempsey-Tegeler & Co., St. Louis, offered $150,000 1st mtge. serial bonds. The bonds maturing Jan. 1, 1943, to and incl. Jan. 1, 1947, bear int. at rate oP8% per annum; bonds maturing Jan. 1, 1948, tl) and incl. Jan. 1; 1952, bear int. at rate of 3% per annum from Jan. 1, 1941, to Jan. 1, 1947, and at rate of 3)4% Per annum from Jan. 1, 1947, to maturity; bonds maturing Jan. 1, 1953, to and incl. Jan. 1, 1956, bear int. at rate of 3% per annum from Jan. 1, 1941, to Jan. 1, 1947, and at rate of 3)4% per annum from Jan. 1, 1947, to Jan. 1, 1952, and at rate of 4% per annum from Jan. 1, 1952, to maturity. 150,000 St. equip, trust certificates, 1940 series. The certifi¬ $350,000 semi-annually, May 15, 1941 to Nov. • o^ McDonald-Coolidge & Co., and inducting Turben & Co., Hawley, Shepard & Co., Hayden, Miller & Co., First Cleveland Corp., Curtiss, House & Co. and Fahey, Clark & Co., all of Cleveland. Holders of company's-7% preferred received an offer to exchange each old share for one new share plus $16.75. For this purpose 10,000 new shares were reserved until the offer terminated Jan. 7. Any new sharbs not required for the exchange were then added to the shares offered publicly. for the remaining 750 units. City* 15, 1945, and $215,000 semi-annually thereafter to Nov. 15, 1948. Interest rate is 3% on 1941-45 maturities and 3)4% for 1946-48 maturities. Trustee, Continental Illinois Bank & Trust Co., Chicago. Proceeds will be used to redeem exist¬ ing equipments. at Bankamerica Co.; Banks, cates mature 000,000 Harshaw Chemical Co.—An offering of 20,000 shares 4)4% convertible preferred stock was made at par ($100) and dividends Jan. 6 by a group of underwriters headed by Field, shares of common and one share of pre¬ 750 units were sold, and one share of 235,000 French Institute of Notre Dame de Sion, Kansas Mo.—Dempsey-Tegeler & Co.; St. Louis, offered $235,000 1st & ref. mtge. serial bonds. Bonds maturing July 1, 1941, to and including July 1, 1943, bear interest at rate of 2% per annum; bonds maturing July 1, 1944, to and incl. July 1, 1946, bear interest at rate of 2)4%: bonds maturing July 1, 1947, to and incl. July 1, 1949, bear interest at rate of 2%%; bonds maturing July 1, 1950, to and incl. July 1, 1951, bear interest at rate of 3%; bonds maturing July 1, 1952, bear interest at rate of 3 H % Nov. American Car Corp.—The corporation has placed privately (through Glore, Forgan & Co.) an issue of $4,790,000 the next and one share of preferred 250,000 Lawrence Warehouse Co., San 10,000 shares of 6% cumul. conv. issues. 3-3)4% until ferred .000,000 Inland '790,000 North issue of 3,000 recently offered Milwaukee Co.; Co., Milwaukee. Diesel Plants. Inc.—Initial public financing for the company was announced Jan. 7 with the offering of 2,500 shares of 5% cumul. pref. stock ($100 par), and 10,750 shares of common (12 cents stock par), by Chas. M. Kemper, Inc., New York. The stock was offered in units which comprised seven shares of common stock and one share of preferred until the first 1,000 shares of 6% Jan. 23, 1941. Steel Co.—The company on Dec. 31, last, sold privately $7,000,000 1)4% serial notes at par less one day's interest to two banking institutions. Kuhn, Loeb & Co. acted as agents. The notes are dated Jan. 1, 1941, and mature semi-annuaily in equal amounts from July 1, 1941 to Jan. 1, 1946. Proceeds will be used to retire some of the exsiting Acceptance Co., Milwaukee—An cumul; pref. stock ($100 par) was 313,500 Motors Sons; Coffin & Burr, Inc.; 25,000,000 Shell Co.—Kirkpatrick-Pettis Co. and Burns* Omaha, Neb., recently offered approximately 12,500 shares of common stock (par $1) at $27.50 a share. , arrangements for $14,000,000 of bank loans. Associated with Mellon Securities Corp. in 2 *4% per annum. Paper Co., & Potter & Laughlin Steel Corp.—Ail issue of $28,000,000 ....————.1st* .mtgevbond^Kseries- C.^f-3l^'^y-ydu-eJa iiv-l, 1-964 vV*'as- offered— to the public Jan. 15 through an underwriting group headed by Mellon Securities Corp. ■ The bonds, priced at 100 and int. have been oversubscribed. This financing coincides with Blyth St. Louis, offered bonds of St. Mary's interest at rate of 28,000,000 Jones * Mary's & Co., estate 343,750 Carpenter MISCELLANEOUS FINANCING privately Hospital, Milwaukee, Wis.—Dempsey-Tegeler $345,000 1st & ref. mtge. serial real Hospital (Daughters of Charity of St. Vincent de Paul). Bonds maturing April 15, 1941, to and including Jan. 15, 1943, bear interest at the rate of 2% per annum; bonds maturing April 15, 1943, to and including Jan. 15, 1946, bear interest at rate of 2)4 % per annum; bonds maturing April 15, 1946, to and including Oct. 15, 1946, bear 345,000 St. Republic Co., Inc., on bonds, 3 H% series due Jan. 1, 1966, at 104 and accrued interest, and $400,000 of 3)4% and 4% serial notes, due Jan. 1, 1942, to Jan. 1, 1951, at prices to yield from 1.20% to 3.95%, according to maturity. Associated with Central Republic Co., Inc., in the offering were: Coffin & Burr, Inc.; E. H. Rollins & Sons, Inc.. and A. G. Becker & Co., Inc. NDUSTRIAL has issued and sold $500,000 series B sinking 5% conv. April 1, 1948, at 104M plus accrued interest, bringing total funded debt to approximately $1,400,000. Net cash proceeds of $516,250 will be used in part to pay off bank loans of $850,000 incurred in the 1940 expansion program. Company has reserved 29,411 shares of common for conversion. institutions three to debentures, due $1,2,50,000 3)4% bonds due 1970. The proceeds will be used to refund a like amount of 4% bonds due Sept. 1, 1964. With this new issue outstanding company's funded debt will aggre¬ 1,000,000 Savannah Gas Co.—The Central Jan. 22 offered $1,000,000 1st mtge. of $1) was announced on Jan. 13 by the com¬ A total of 101,796 shares were offered to the public at $5.75 per share by Lee Higginson Corp. and Jackson & Curtis, Boston; O'Brien, Mitchell & Co., Buffalo; Cohu & Torrey and Laurence M. Marks & Co., New York. At the same time it was announced that the Boston & Maine RR. and the Maine Central RR. each had purchased 13,548 shares at $4.60 per stock (par common sinking fund 3)4% Dec. 1, 1940, due Dec. 1, Inc.—The sale of 128,892 shares Airlines, 659,071 Northeast pref. stock at par bonds, series A, dated receivable. accounts (Indiana)—City Securities recently offered 3,903 shares of 5% cum. ($100) and div. to residents of Indiana only. 1,975,000 Bonds Placed Privately—Company sold privately to two Eastern Corp., Indianapolis, insurance 10 by an made Jan. 5,000,000 Central New York Power Corp.—The Securities and change Commission on Jan. 21 authorized the company to issue and sell $5,000,000 gen. mtge. bonds, 3)4% series due 1965, to the Equitable Life Assurance Society of the United States at a price of 101 and int. from July 1, 1940. It is proposed to apply the proceeds to the cost of certain facilities. Inc. Co.; DempseyE. W. Thomas & Tracy, Inc. 857,203 Van Norman under¬ Co., Co., Inc., and Rogers & improvements. Telephone C. Allyn & Co., Inc., were: I E. H. Davis & Co.; Reynolds & Co.; Adams & Co.; John W. Clarke, Inc.; Farwell, Chapman & Detmer & Co.; Haskell. Scott & Jennings, Inc.; 7,500,000 Luzerne County (Pa.) Gas & Electric Corp.—An writing group headed by Drexel & Co.; Stroud <& Co., Inc., and Bioren & Co. on .Tan. 24 made public offering of $7,500,000 1st mtge. bonds, 3M % series due 1966, at 104 % and interest. 390,300 United A. with Associated bonds, series A 17 and April 1, 1941, respectively; also to pay $1,700,000 of the $2,000,000 demand notes out¬ standing and to reimburse the treasury for betterments and 5^s and B 6s at 103 on Feb. • 13 MONTHLY REVIEW Feb., 1941] 99,000 Columbia Aircraft Products, Inc.—Initial public financing 60,000 shares ($1 par) common stock, announced Jan. 23 by L. D. Sherman & Co., New York, who offered the stock at $1.65 per share. Western distribution of the issue was handled by G. Brashears & Co. of Los Angeles. Richards & Co. and in the form of an issue of Otis & Co., Merrill, was 2,000,000 Sharon Steel Corp.—The corporation nas borrowed $2,000,000 at 1 % % from five banks, of which the Chemical Bank & Trust Co. has loaned $900,000, the largest individual share. The loan is payable in five equal instalments 1942-1946, incl. The company has applied $555,500 of the proceeds to pre¬ payment of unpaid principal of its premium notes. The balance will be used for additions to plant, equipment and working capital. 1,600,000 Neiman-Marcu8 Co., Dallas, Texas—Moss, Moore & Cecil, Inc., and Dallas Rupe & Son, Dallas, recently offered $700,000 5% cumul. preferred stock (par $100) at 1C0.50 per share plus dividends. Common stockholders were given the preemptive rights to subscribe for or purchase their prorata portion of the shares offered, at $100 a share. The company recently placed privately an issue of $90,000 1st mtge. 4% bonds with the Arena Life Insurance Co. The bonds mature montly from Dec. 10, 1940, to Nov. 10. 1957. Proceed were used to discharge the ($494,695 Sept. 30,1940), balance due on a first mortgage note and for additions to 1,050,000 Foote Bros. Gear on Jan. 31 headed shares of conv. buildings, &c. & Machine Corp.—A. C. Allyn & Co., Inc., a banking syndicate which orrfered 100,000 pref. stock (no par), 60-cent annual share. cumul. dividend rate, at $10.50 a MUNICIPAL FINANCING ' $6,911,000 Oklahoma City, Okla., water works bonds awarded to a syndicate headed by Halsey, Stuart & Co., Inc., New York, as 2s and 3s, at 100.069% a net interest cost of about 2.114%, Due serially from 1944 to 1961 incl. Reoffered to yield from 0.80% to 2.15%, according to maturity. 6,750,000 Consumers Public Power Disrtict, Neb., 2)4%, 2)4% and 3% electric revenue bonds were purchased by John Nuven & Co. of Chicago and associates and reoffered at prices to yield from 1.25% to 3.15%, according to coupon rate and date of maturity. Bonds mature serially from 1942 to 1971 although subject to prior redemption pursuant to terms incl., of the indenture. 5,300,000 Chicago Park District, an Bank "" 111., series H refunding bonds sold by the Continental Illinois National Chicago, as 2)4s, at 101.072, a basis of about 2.14%. Due March 1, 1961 and optional in certain amounts each year on Sept. 1 from 1943 to 1960 incl. Re¬ offered at prices to yield from 0.80% to 2.20%, according to optional date. to account & headed Trust Co., 3,564,000 Minneapolis, Minn., bonds awarded to a syndicate headed by Phelps. Fenn & Co., Inc., New York, as follows: $1,745,000 refunding bonds, due serially from 1942 to 1951 incl., issued as 1.70s, at 100.255, a basis of about 1.85%; $1,819,OQO relief and improvement bonds, due from 1942 to 1961 incl., issued as 1.90s, at 100.354, a 1.85% cost basis. In the reoffering, the 14 MONTHLY REVIEW 1.70s priced to yield from 0.20% to 1.70%, according to maturity, and the 1.90s from 0.30% to 2%. were Eureka 2,375,000 St. Louis, Mo., relief refunding bonds awarded to the Bankers Trust Co. of New York and the Mercantile-Commerce Bank & Trust Co. of St. Louis, as 0.75s, at a price of 100.473, a basis of about 0.55%. Due serially from 1942 to 1945 incl. Reoffered to yield from 0.20% to 0.60%, according to maturity. 1,900,000 Syracuse, N. Y., bonds sold to a group managed by the Chemical Bank & Trust Co., New York, as 1.10s, at 100.08, a basis of about 1.08%. Due serially from 1942 to 1951 incl. and reoffered to yield from 0.20% to 1.25%, according to maturity. ; 1,540,000 Cincinnati, Ohio, 2M% flood protection bonds purchased as investments by the city at par. Due serially from 1942 to 1971 incl. 1,500,000 Pittsburgh ; School District, Pa., building bonds awarded to a group headed by the Mellon Securities Corp., Pittsburgh, as 1 Ms, at 100.78, a basis of about 1.43%. Due serially from 1942 to 1966 incl. and reoffered to yield from 0.20% to 1.50%, according to maturity. 1,214,000 Rochester, N. Y., bonds purchased by Dick & Merle-Smith, of New York, and Drexel & Co. of Philadelphia, jointly, as Is, at 100.209. a basis of about 0.925%. Due yearly from 1S42 to 1950 incl. ' \ 1,200,000 Rocky Mount, N. C., water and sewer bonds awarded to nhe First Boston Corp. of New York and associates, as 2 Ms, 2 Ms and 5s, at par, a net interest cost of about 2.404%. Due serially from 1944 to 1980 incl. and reoffered to yield from 0.80% to 2.50%, according to maturity. 1,100,000 Dallas, Texas, bonds awarded to an account headed by Lazard Freres & Co. of New York, as 1 Ms, at a price of 99.096, a basis of about 1.34%. Due serially from 1942 to 1961 incl. and reoffered to yield from 0.20% to 1.40%, according to maturity. 1,100,000 Duval County Airbase Authority, Fla., bohds purchased by the Florida National Bank of Jacksonville, as 2 Ms, at 103 .57 a basis of about 2.20%. Due serially from 1942 to 1966 incl. 1,054,000 Hardeman County, Tenn., 4% refunding bonds publicly offered by the First National Bank of Memphis and associates, at pricesto. yield f rom 3.40% to 3.65%, according to maturity. Due serially^om 1955 to 1978 incl. 1,045,000 Mississippi (State of) highway refunding bonds sold as2Ms and 2Ms, at par, to a group of banks in the State, the terms of sale representing a net interest cost of 2.44%. Due Aug. 1. 1963; callable Feb. 1, 1946. 1,045,000 Schenectady, N. Y., bonds awarded to Halsey, Stuart & Co., Inc., New York, and associates, as 1.30s, at 100.078, a basis of about 1.29%.. Due serially from 1942 to 1955 incl. and reoffered to yield from 0.20% to 1.30%, according to maturity. Pipe Line Co.—Extra dividend of $3 a share and a regular quar¬ terly dividend of 50c. a share were paid Feb. 1, on the common stock. Federated Department Stores, Inc.—Extra dividend of 40c. a share and a quarterly of 35c. a share were paid Jan. 31 on the no par common stock. Previously regular quarterly dividends of 25c. a share were distributed. First Boston Corp.—Dividend of $1.60 a share was paid Jan. 28, last, on the capital stock. This compares with 50c. a share July 23, last, and $1 DIVIDEND CHANGES IN JANUARY declarations in January were largely of a following list, divided into two sections, namely "Favorable Changes'' and "Unfavorable Changes," gives the more important of the changes: favorable nature. The FAVORABLE Abraham & no Jan. 25, CHANGES Straus, Inc.—Dividend of 12 a share was paid Jan.25 A dividend of SI.50 a share was par common stock. on the distributed 1940. of 50c. Gamewell share common made stock, payable Feb. July 2, 1938. on 1. A on distribution of 25c. was Co.—Dividend of $1 Feb. 15, next. of 25c. a share was paid Jan. 31 The last previous payment on this issue the $5 par, common stock. amounted to 50c. a share and on Arlington Mills—Dividend was made Dec. on a share distributed Augusta & Savannah RR.—Dividend Jan. on the common on 17, 1940. of $2 a share was paid Jan. the common stock and compares with 40c. on 18, 1936. of $1 a share was paid Jan 15 stock and compares with 50c. 1940 and Jan. 16, 1939. a share paid 16, last, Jan. on 16, Baltimore Radio Show, Inc.—Dividend of 10c. a share, payable March 1, next. Previously regular quarterly dividends of 5c. a share dis¬ were tributed. 1 Bandini Petroleum Co.—Dividend of 7Mc. a share on the common stock, payable Feb. 20. Dividends of 5c. a share were paid on Nov. 15, last. Aviation Corp.—Dividend of $1 a share was declared March 1 on the common payable stock and compares with 75c. a share paid on Dec. 2 and Sept. 3, last. Best & Co.—Extra dividend of 40c. of similar amount were a share and a regular quarterly dividend on the common stock. paid Jan. 30 Bloomingdale Bros., Inc.—Extra dividend of 12Mc. a share in addition quarterly dividend of 18 Mc. a share was declared on the common stock; both were paid on Jan. 25, last. to a Bullock's, Inc.—Dividend stock. A regular last. of $1 a share was paid Jan. 28 of 50c. was quarterly dividend Bullock Fund, Ltd.—Dividend of 20c. common stock- distributed. Previously a quarterly a on the common distributed share was dividend paid of Feb. 10c. Dec. 2, on 1 the on share a was Burroughs AddingMachine Co.—Dividend mon of l5c. a share on the com¬ stock, payable March 5, next. A dividend of 20c. was paid on Dec. 5, last, and i0c. a share in preceding quarters. Canada Dry Ginger Ale, Inc.—Directors on Jan. 28 voted to inaugurate quarterly payments on the capital stock. First dividend under the new policy is payable March 24 to holders of record March 10. No dividends were paid in 1940. In 1939 one dividend of 50c. was paid on while in 1938 a Sept. 15, year-end dividend of 25c. was paid Sept. 19. Carolina Insurance Co.—Extra dividend of 5c. a share and a regular semi-annual dividend of 65c. a share were paid Feb. 1, 1941. Celotex Corp.—Dividend of 25c. a share was paid Feb. 4 on stock. of a The last previous distribution made on Nov. 4, dividend-of one share of common stock for stock Chilton payable Feb. paid 10c. a This is in addition to Bottling Co. of and a regular mon 12. of Jan. 15, last. on St. on the amount were the common stock and compares with 1 common quarterly of similar Louis—Extra dividend quarterly of similar stock. share a Conduits National Co., Ltd.—Dividend of 25c. last on Aug. 8, 1940. 1938, consisted each share held. Co.—Special dividend Coca Cola the common stock, of 25c. a paid Jan. 20 in the share com¬ March 1, on the common . Biscuit Co.—Dividend of 10c. a share on stock, payable March 24. Last previous distribution June, 1939 and amounted )fco 15c. a the was common made in share. Cosmos Imperial Mills, Ltd.—Extra dividend of 15c. a share in addition to the regular quarterly dividend of 30c. a share on the common stock of no par value, both are payable Feb. 15, next. Dividend Shares, Inci—Dividend of two cents a share was paid Feb. 1, on the common stock and compares with a dividend of 1.6c. a share dis¬ tributed on Feb. 1, 1940. Domestic Finance Cprp.—Extra dividend of 40c. and a regular quarterly of 35c. a share were paid Feb. 1, on the common stock. Dominion Oilcloth & Linoleum share was Emporium Jan. 30 on paid Jan. 31, last, Co., Ltd.—Extra dividend on the common stock. Capwell Corp.—'Extra dividend the common stock, bringing total ending Jan. 31, 1941 ' year. to $1.75 a share as of 35c. a share of 10c. was a paid payments for the fiscal year against $1.30 in the preceding common stock, payable Haverhill Electric Co.—Dividend of 85c. common stock and compares With 75c. 1940. on share a payable stock. share was paid Jan. 14 on the share distributed on Jan. 13, a a ;■ (A.) Hollander & Son, Inc.—Dividend of 25c. a share on the common stock, payable March 4. This will be the first dividend paid since 15, 1937, when 25c. a share was also distributed. Nov. Hooker Electrochemical Co.—Dividend of 30c. a share payable Feb. 28, next, on the common stock. A dividend of 25c. a share was paid on Nov. 30, last. Ingersoll Rand Co.—Dividend of $1.50 a share ©n the no par common This compares with $1 paid on Dec. 24, stock, payable March 1. and $2 on Dec. 2, last. Ironrite Ironer stock common distributed last, Corp.—Dividend and of 10c. with compares a share was paid Feb. 1 quarterly dividends of 5c. on the share a^ previously. Justrite Mfg. Co.—Dividend of 3c. Feb. a share on the common stock, payable This will be the first dividend paid since Jan. 17, 1938, when 15. 2Mc. share a Kalamozoo Feb. of 1 12Mc. distributed. was Stove the on & share a Furnace Co.—Dividend $10 par, common stock. of 15c. a share was paid regular quarterly dividend A was paid Nov.. W last. Kennedy's, Inc.—Dividend of 70c. a share > . was paid Jan. 28 on the com¬ mon stock and compares with 20c. paid on Nov. 20 and on Sept. 20, last. Kinner Motors, Inc.-—Initial dividend of 5c. a share was declared on.the common sto.ck, payable Feb. 15, next. Lane Bryant, Inc.—Dividend of 25c. a share on the common stock, payable March 1. Last previous distribution amounted to 50c. a share and was paid on May 27, 1937. Lansing Co—Dividend on the common stock increased from 25c. a share to 30c. a share, payable Feb. 15, next. Lionel Corp.—Extra dividend of 35c. a share and a quarterly dividend of 15c. a share on the $10 par, common stock, both payable Feb. 28. Lincoln Telephone & Telegraph Co. (Del.)—Extra dividend of 25c. a share and a regular quarterly of similar amount were paid Jan. 10, on the class B stock. Maiden Electric Co.—Dividend of $1.25 common stock. A distribution of a $1.20 share was was paid paid Jan. Oct. on (Conde) Nast Publications, Inc.—Dividend of 25c. Jan. 31, last, on the common stock, the first when a National regular quarterly of 50c. share a was Bearing Metals Corp.—Dividend 14 share a stock, payable March 5. This compares with 50c. paid paid on June 1 and March 1, 1940. paid was paid since Oct. distributed. of 30c. the on 11, last. share a last and 25c. 1, 1931, the on com¬ on Dec. 19, Noma Electric Corp.—Dividend on the common stock resumed with the declaration of 25c. a share payable on March 10, next. The last previous distribution amounted to 30c, a share and was made on Dec. 21, 1939. Nonquitt Mills—Dividend of 75c. a share on the common stock, payable March 4, next. Previously regular quarterly dividends of 50c. a share were distributed. North American quarterly of 3c. Ohio State Life Oil a Co.—Extra dividend of 5c. a share and a regular share were paid Jan. 20 on the common stock. Insurance Co.—Extra dividend of 8c. a share and a regular quarterly dividend of 13c. a share on the common stock/both payable Feb. 1, 1941. were Oneida, Ltd.—Extra the common dividend of- 50c. stock. share was paid Jan. a a Co.—Extra dividend of 50c. a share and share were paid Jan. 24, on the common stock. Pacific Finance Corp. of a Calif.—-Special dividend $10 par, common stock, payable March 1. Tin Consolidated Corp.—Dividend Jan. 27 on the common stock and Pacific of 20c. of dividend of 15c. and a of 75c. share share a 10c. Sept. 30, last. Pennsylvania Forge Corp.—Initial quarterly of 20c. compares with on on the common stock, pay¬ share was made on March on Outlet and 15, last • Otis Elevator Co.—Dividend of 20c. a share able March 20, next. A distribution of 15c. 30, 1940. paid on paid was Dec. 28 on an extra a the dividend 15c. a share were paid Dec. 28, last on the common stock. Petroleum & Trading Co.—Dividend of 10c. a share on the class A stock was paid on Jan. 31, last. This followed a dividend of 42c. a share paid on Dec. 2, 1940. Rhode was Island Electric paid Jan. 2, last, Rike-Kumler value common stock July Protective Co.—Extra dividend of 50c. the common stock. a share on Co.—Dividend on 15, last. of $1.25 share a was paid Jan. 23, and compares with 50c. on a J the no par share paid on , Savage Arms Corp.—Dividend of 75c. a share on payable March 13. Scotten-Dillon Co.—Dividend stock, payable Feb. Nov. 15, 1940. 15. 12Mc. a Sun Ray share to 15c. a A of 50c. Jan. share a distribution on of 40c. the the a common $10 par share was made on the Drug Co.—Year-end dividend of 40c. 31. 25, last, and a share on the common The dividend was paid on brings total payments for the year to $1 compared with 80c. paid in the previous fiscal year. like amount were stock, common $2 par, common stock increased from share, payable Feb. 28. on Swift & Co.—Special dividend of 30c. share was paid Feb. 1, 15c a share disbursed on a the on Gibraltar Fire & Marine Insurance Co.—Extra dividend of 30c. and a regular semi-annual dividend of 50c. a share were declared stock for the fiscal year ending on Jan. Consolidated . a This compares with 50c. paid on Sept. 16, last. Skilsaw, Inc.—Dividend amount on common General Industries Co.—Initial dividend of 12Mc. a share was declared the common stock, payable Feb. 15, next. mon Argonaut Mining Co., Ltd.—Dividend the on German Credit & Investment Corp.—Dividend of 85c. a certificate on the 25% allotment certificates was paid on Jan. 26, last, and compares with 40c. paid on Aug. 1, last, and 75c. on Jan. 26, 1940. the previously » share a stock, payable March 3, next. This compares with regular quarterly dividends of 25c. a share previously distributed. on American News Co.—Dividend of 30c. a share was paid Jan. 15 on the common stock. Previously regular bi-monthly dividends of 25c. a share were distributed.-' American Sugar Refining Co.—Year-end dividend of 50c. a share distributed Jan. 22,1940. on Freeport Sulphur Co.—Dividend • Dividend \ a share and a share as a regular Quarterly of declared, payable April 1, next, on the common stock. Thomson Electric Welding Co.—Dividend of $2 a share was paid Dec. 26, last, on the common stock and compares with $1 paid on Dec. 2, last. United Shoe Machinery Corp.—Special dividend of $1 common stock, payable Feb. 25, next. Warner Bros. Pictures, Inc.—Dividend of 96Mc. a share stock, payable March 1, next. This will be the first a on share on the the preferred paid since March 1, 1932, when a similar distribution was made. Wellman Engineering Co.—Initial dividend of 10c. Feb. 1 on the common stock, a share was paid o (S.S.) White Dental Mfg. Co.—Dividend of 25c. a share on the common stock, payable Feb. 15, next. Previously regular quarterly dividends of 15c. a share were distributed. Williams Oil-O-Matic Heating Corp.—Dividend on the common stock" resumed by the payment of 50c. a share on Jan. 10, last. The last previous distribution was made on Oct. 29, 1937 and was of similar amount. Yukon Consolidated Gold Corp., Ltd.—Dividend of 10c. a share on payable Feb. 15, next. An initial dividend of 8c. a paid on March 30, last. the common stock, share was „ UNFAVORABLE in business. CHANGES Alaska Juneau Gold Miring Co.—Dividend on the $10 stock reduced from 15c. a share to 12)4c. a share, payable Book American Co.—Dividend on the common stock and was paid on Feb. I, 1941. par, common Feb. 1, next. reduced from $1 share to 50c. a share a Bunker Hill & Sullivan Mining payable & Concentrating decreased from 25c. a share to Feb. 1. the common stock become on Co.—Dividend on 12)4c. a share and of $1.25 a share was paid Feb. 1, last, dividend of $2.50 a share was paid on $1,371^ was paid on Feb. 1, 1940. Schuylkill Haven RR. Co.—Semi-annual dividend of $1 a Erie & Kalamozoo RR.—Dividend on the $50 par, capital stock. A Aug. 1, 1940, and one of Mine Hill & share was paid Feb. 1, Previously dividends last, on the common stock. distributed. Consolidated—-Dividend of 15c. a share was the common stock. Distributions of 25c. a share of $1.25 a share were paid North American Oil Feb. 5, last, on were paid in preceding quarters. Nunn-Bush Shoe Co.—Dividend share on the common stock Puget Sound Pulp & decreased from 25c. a share to and became payable on Jan. 30, last. 20c. a Timber Co.—-Dividend of 50c. a share was paid stock. This compared with $1 paid on Sept. 3, Jan. 25 on the common 1940. ( Cream Co., Inc—Dividend of 30c. a share was paid Feb. common stock. A dividend of 50c. a share was paid on 1940, and 75c. Rich Ice on the abd on Aug. on June 1, 1, last, Nov. 1 1, last. Corp.—No action taken on the declaration of a preferred A regular quarterly payment of 75c." a share was 1940. United at this time. dividend made on Oct. 17, United Gas Improvement Co.-—Dividend on the from 25c. a share to 20c. a share, payable March i COURSE OF THE STOCK common stock reduced 31, next MARKET DURING JANUARY between industry, straining as never defense program, and the stock market, staggering along under the impost of higher taxes, fears of an Axis victory in the wars abroad and the prospect of still further governmental controls at home, became still more marked in January. Stock prices made a brief effort to extend tfie rally which developed just before Christmas and they did in fact succeed in bettering slightly the peak reached in the second, week of December. But the forward move¬ ment of prices could not be extended beyond a three-week period, with the result that from Jan. 10 right on down to -the end of the month prices moved lower, at an accelerated pace in the last few trading days. On the last day of January the stock average was at the lowest level since mid-August. This development was rendered all the more disheartening because of the tendency the market displayed of expanding volume as the price retreat was extended. On previous periods of weakness in recent months the habit of activity was to dry up as prices worked lower. This is not to say that activity actually became heavy at any time in January. The month was characterized by the inability of the share turnover—unusual even in the recent years of slack activity—to achieve the 1,000,000-share levei on any day. There was really no one development or series of events on which the finger could be put as the cause of the decline in stock prices. It may be more than a coincidence, however, divergence of trend before to speed up the The that the weakness of prices was accompanied by a consider¬ of large blocks of stock offered over-the-counter, some for British and some for domestic account. The amount of stock offered over-the-counter on able increase in the number some days rivalled the volume of business transacted on the Exchange, and it would not seem unreason¬ New York 8tock the absorptive capacity Such large amounts of stock would be difficult to place in booming markets without forcing a decline in prices. Perhaps no surprise at all should be occasioned by the fact that the present anemic market proved unequal to the task. The index of 50 stocks compiled by the New York "Times" showed a decline of 4.08 points in January to a closing figure of 89.74, compared with an advance of 0.16-point in Decem¬ ber and a drop of 4.36 points in November. The stock average was pulled down because of the slump in industrial issues. While the 25 industrial stocks were falling 8.23 points, for their sharpest recession since last May, at the time of the invasion of the Low Countries by Germany, the 25 rail stocks were registering an advance of 0.08-point. The decided improvement in revenues of the railroads, to¬ gether with the immunity of most roads from the excess profits tax, brought the merit of their stocks forcibly to the attention of investors and traders, and this interest extended able to say that these offerings tested of the investment market severely. in even more decisive fashion to railroad bonds. the New York Stock Exchange shares, the smallest volume for any month since last September and the smallest January total since 1919. Transactions in December were 18,397,158 shares and in January, 1940, 15,990,665 shares. Peak volume on any day in the month was 859,860 shares on Jan. 9. After falling as low as 358,220 shares on Jan. 27, turnover Share 15 MONTHLY REVIEW FEB., 1941] turnover on amounted to 13,312,960 All indices showed that industrial activity was expanding, with the holiday slackening less than usual and the rebound afterward sharper than was commonly expected. Steel operations for the week beginning Jan. 27 were sched¬ uled at 97.1% of capacity, on the basis of the new annual capacity of 84,148,000 tons as of Dec. 31, 1940, according to the American Iron & Steel Institute. This figure com¬ with pares the old increase in steel ingot capacity of 81,614,000 tons. This capacity wa^the largest in 10 years further increases of 2,000,000 tons are and already scheduled for Total capital expenditures by the steel industry budgeted at $282,000,000, an increase of 65% iD the this year. are year, and electric power producers estimate outlays will be $100,000,000 activity is a leading feature of that their capital higher in the year. Building the business news. Commod¬ ity prices maintained a firm tone throughout Ihe month. secondary—that is, over-the-counter—dis¬ tributions were made of blocks of 27 stocks listed on the New York Stock Exchange and 7 listed on the Curb Exchange. The offerings included 500,000 shares of Standard Oil Co. of N. J., 218,000 shares of American Radiator & Standard Sanitary, 53,542 shares of Texas Corp., 3,900 shares of Commonwealth & Southern preferred, 8,773 shares of Fairbanks, Morse & Co., 29,300 shares of Engineers Public Service, 132,945 shares of North American Co., 10,000 shares of Purity Bakeries, 29,807 shares of Crane Co., 27,000 shares of Commercial Credit Corp., 46,891 shares of Pacific Gas & Electric, 6,900 shares of Wesson Oil & Snowdrift, In January 80,000 shares of Montgomery Ward, 33,530 shares of Kaufmann Department Stores 5% preferred, 42,534 shares of Union Pacific RR., 13,825 shares of H. L. Green Co., 40,000 shares of Brunswick-Balke-Collender, 127,000 shares of Socony-Vacuum Oil Co., 11,680 shares of William Wrigley Jr. Co.., 3,808 shares of Pacific Lighting-, 11,300 shares of Wayne Pump, 45,000 shares of F. W. Woolworth Co., 25,461 shares of United Fruit, 15,000 shares of Plymouth Oil and 6,000 shares of General American Transportation Co. Of stocks listed on the Curb, 227,275 shares were disposed of through secondary distribution in January. As to the fluctuatiojs in individual stocks, Allied Chemical opened Jan. 2 at 162%, advanced to 165 on Jan. 7, dipped perceptibly to 15134 on Jan. 30, with the closing sale on Jan. 31 being unchanged at that figure. American & Dye Telephone & Telegraph opened at 167 34 on Jan. 2, moved ahead to 168% on Jan. 6, fell back to 163% on Jan. 31 and closed a fraction of appoint higher the same day at 163%. Consolidated Edison Co. of N. Y. opened at 22% Jan 2. and touched its high point at 23% on Jan. 13; its the month was reached on Jan. 21 at 22, and month a trifle improved at 22% on Jan. low point of it closed the 31. General opened at 33% on Jan. 2, rose to 35% on Jan. 14, Jan. 30, ending the month better at 33 on Jan. 31. United States Steel opened Jan. 2 at 69%, advanced to 70% on Jan. 6, then slumped to 62% on Jan. 30, and recovered fractionally at the close on Jan. 31 to 62%. Steel preferred sold at 128 on Jan. 2, moved up to 130 on Jan. 13, and closed Jan. 31 lower than its opening sale of the month at 126 ex-dividend. Westinghouse Elec. & Mfg. Electric then reacted to 32% on forward to 105 on the same day, 95% on Jan. 30 and change. In the rail¬ road list, Atchison Topeka & Santa Fe opened Jan. 2 at 18%, dipped to 18 on the same day and then advanced several points to 24% on Jan. 23. Reaction set ir and the stock closed Jan. 31 at 21%. Baltimore & Ohio's initial sale on Jan. 2 was at 3%, it declined the same day to 3%, followed bv an advance to 4% on Jan. 10 and closed Jan. 31 fractionally lower at 3%. Ches. & Ohio opened Jan. 2 at 42%, raised its price level to 44% on Jan. 13, then receded to 41 on Jan. 31 and closed at that level. Delaware & Hudson touched its lowest point Ja^. 30 at 11 after opening the month on Jan. 2 at 11%; its peak of the month was reached on Jan. 10 at 13%, and it closed Jan."31 slightly below its opening level at 11 %. ^New York Central reached its top figure Jan. 10 at 15%l its low point of the month Jan. 29 at 12%, and it closed on Jan. 31 at 12%, down from its opening sale of 14% on Jan. 2. Southern Pacific opened Jan. 2 at 8%, dropping fractionally the same day to 8. On Jan. 23 it rose to 10% and later reacted on Jan. 31 to close at 9. Northern Pacific, after opening at 6 % Jan. 2, lost ground Jan. 3 at 6, thea recovered to 7% on Jan. 9 and closed the month on Jan. 31 at its opening sale. Union Pacific de¬ clined from 78% Jan. 2 to 77% on the same day. Its high point of the month was reached on Jan. 10 at 85 % and it opened Jan. 2 at 104, moved followed by a substantial decline tc> ended the month on Jan. 31 without closed Jan. 3.1 lower at 81. The latter figure, however, was expanded to 775,770 on Jan. 30 when prices were noticeably weak. Among the industrials, the food, oil and utility shares bore up best during the selling, while the steel, manu¬ facturing, store, motor and chemical issues fared worst. Stock prices made their best showing in January when they were under the immediate influence of the "arsenal for higher than its opening sale of the month. The sudden revival of interest in railroad bonds, par¬ democracy" speech by President Roosevelt on Dec. 29, the budget message on Jan. 8 and the introduction in Congress of the aid-to-Britain bill on Jan. 10. But prices entered high for any month since September 1939, when volume, especially in Government securities, expanded greatly on the outbreak of war. It was the best January business since 1937. The figure compared with $211,237,000 par value in December and $144,917,000 in' January, 1940. Second- after the hearings on the lend-lease bill when Cabinet officers appeared to speak in the gravest tones of Britain's peril and other "witnesses attacked their weak phase began, emphasizing the cleavage of opinion in this countrv on foreign policv at this time. But, whatever the disposition of the stock market, there was no wavering the bill in bitter terms, ticularly those second grade in quality, enabled the bond department of the New York Stock Exchange to make a mhch better showing than the stock department. Transactions in bonds for the month totaled $230,987,000 par value, a new grade railroad bonds advanced generally to the best levels since December, 1937. Corporate obligations of less than prime grade were for the most part higher on the month, but the very best grade corporate obligations followed 16 MONTHLY REVIEW Government securities and municipals to lower levels. The foreign bond average rose 3.37 points to 40.54, the best closing level for any month since last August. In the following table month rent of 10 each we indicate the of the range active more for the cur¬ foreign, railroad and industrial bonds: Jan. 2 Bonds Range During Jan. 1941 Jan Opening 31 Closing Price Loicest 4 Highest Jan. 15, but subsequently receded to $14,347,011,000 Money rates, generally, continued at their pre¬ vious low levels, although a decline in long-term Treasury bonds occurring during the month, resulted in increasing Jan. 29. yields on 3-5-vear Treasury notes from 0.38% Dee. 31 to 0.47 % Jan. 30, and those on longer term Treasury bonds from 1.99% to 2.15%. On the Stock Exchange the rate for call money remained unchanged at 1%. average CALL LOAN RATES ON THE NEW YORK STOCK EXCHANGE Price » Foreign Governments— Argentine 4s. Feb 64 59% Jan. 31 64% Jan. 10 1957 15% 15% Jan. 6 16 Jan. 11 .1977 49 46% Jan, 31 52 Jan. 7 1952 100 98% Jan. 50% Jan. 30 100% Jan. 16 53 Jan. 2 53 - Buenos Aires 4%s-4%s Canada gold 5s Cuba 4%s German Low 1972 1977 ...... - Brazil 6%8 of 1926 (Govt) 5%sstmpd_ .1965 8 9% Jan. 31 59% 15% 46% 98% Jan. 1 Jan. 2... 1 1 Jan. 3 1 1 Jan. 4 Renewal 50% 8% 4 Low Holiday Jan. 17 1 Jan. Jan. Jan. 19 Jan. 20._. Jan. 21 1 Jan. 22 Saturday 5 High 18 1 * . 2 9% Jan. High Sunday 1 1 1 1 1 1 1 1 Italian Pub Util 7s-._ 1952 28% 26% Jan. 23 29% Jan. 13 29 Jan. 1954 6 63% 61% Jan. 23 71 10 Peru 6s 63% Jan. 7 1960 1 TV* 6% Jan. 30 7% Jan. 1 2 Jan. 23... 1 Uruguay 3%-4-4%s extl read) *79 39% Jan. 8 1 2 Jan, 1 39% 42% Jan. 1 28 Jan. 24.__ 1 Jan. 9 1 1 1 Jan. '25... 1 1 6% 41 Railroads— Jan. Atch Top & S Fe gen 4s Bait & Ohio conv 4%s .1995 109 .1960 108% Jan. 15 3 110% 19% 79% 3 19% 2 22% 3 63% 14% Jan. AC— .1967 ser Erie 5s series 1927 75 •' Jan. 1967 18% 19% 19% Jan. New York Central 4%s 4 17% Jan. Missouri Pacific 5s series F. .1977 _ _ 22 78 Jan. 13... 1 13 18 Jan. 14... 1 Jan. 14 1 3 49% Jan. 63% Jan. 23 3 45% 28 58% Jan. 30 22 107 Jan. 61% 3 17 191% Jan. 11 62% Jan. 10 32% Jan. 2 Jan. 31 106% Jan. 13 77% Jan. 2 85% Jan. 9 8 104% Jan. 58% 105% 115% 13 104% Jan. 7 104% 104% Jan. 99% 97 23 Jan. 19% Jan. 102 % 102% Jan. ON THE ' 47 31 99% Jan. 31 24 39 104% Time loan rates on security collateral were again quoted nominally at W\% for 90-dav loans, and^at 1 V2% for loans running 180 days. With activity in the security markets again declining to very low levels, there was virtually no demand for new loans, and transactions continued to be confined to the renewal of older accommodations. 83 DAILY RECORD OF TIME LOAN RATES 104% 2 97 Jan. 3 19% 30 103% Jan. 10 102% STOCK Rates 1939 2... 3 1% 1 % 1% i% ■ 7,581,000 1941 1% 7 1% an. 8 i% an. 9 1% 1% 1% i% an.10... 1% 1% 1% 1% 1% i% 11 13 i% i% 12 an. EXCHANGE Stock sales—No. of shares..' Bond sales 1940 2,548,048 1 1938 3,221,766 4,357,245 4,174,779 825,674,000 $39,492,000 $41,168,000 $25,851,000 193,000 303,000 325,000 433,000 420,000 538,000 432,000 621,000 Foreign government Foreign corporate Total bond sales $26,170,000 i% 1% i% 16 1% i% 1% i% an 18 19 an. $42,020,000 $27,010,000 20 1% an. 21 1% 23 1 % 24 1% an. be expected, excess member bank reserves, following their large decline during the month of December, registered a substantial recovery in January, although the total gain fell short of anticipations. due to the rise in adjusted demand material increase in the reserve drop in the rate of increase In the main this was deposits with the resulting requirements, a substantial in the monetary gold stock, large withdrawals of Treasury funds from depositary banks because of the reduction in the amount of Treasury working balances in the Reserve banks, and to the less than expected total in the return flow of currency holidays. following the Christmas While the latter is attributed in to the acceleration in 25 are belived foreign hoarders, the member to use include the continued of demand checking account charges. reserves, in the three weeks ended Excess Jan. 15 $46u,000,000 to a total of $6,900,000,000. In the follow¬ ing two weeks, however, a decrease of $100,000,000 was reg¬ istered, and it is expected that cash payments on an offering of $600,000,000 of %% 1944 National Defense Series Treas¬ ury notes, made of on the Jan. 23, will result in reserve position. a further substantial Other Government financing during the month included five weekly issues of National Defense Series Treasury bills of approximately $100,000,000 each, to replace similar maturities. An inter¬ esting development during January was the further rise, by $39,000,000, in the amount of commerical borrowings, although normally a seasonal reduction in this position could be expected. Gold imports during the four weeks ended Jan. 22 totaled $127,300,000, of which sum $93,300,000 came from Canada, $12,100,000 from Japan, $10,300,000 from Australia and $3,000,000 from the Philippines. The monetary gold stock of the country increased $115,000,000 during the month, to aside, however, from total of $22,110,000,000 Jan. 29, large gold shipment from South Africa said to total $200,000,000, which was reported to have gone to the Treasury Stabilization Fund. Discount hold¬ ings of the 12 Reserve banks receded from $2,915,000 a one Dec. 31 to J2,666,000 Jan. 29. ' Total member bank reserves increased from $14,025,633,000 Dec. 31 to $14,413,569,000 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% an. 28 29 i% i% i% 1% an. 1% 1% 1% an. 30 an. 1% 1% 1% 1% day 31 1% 1% 1% 1% 1% i% i% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% Commercial paper continued in active investment demand, ,vith the available supply again proving inadequate for the persistent call. Rates for average grade prime four to sixmonth commercial paper showed no change from the previous range of % to 1%, and especially choice paper went again at 3/8%. Under date of Tan. 14 the Federal Reserve Bank of New York announced that returns received from commer¬ cial paper dealers showed a total of $217,900 000 of market commercial paper with $231,800,000 at, the $209,900,000 on outstanding end of open Dec. 31. compared previous month, and on the Dec. 31, 1939. RATES FOR MONEY AT NEW YORK from rose reduction 1% 1% 1% Sun day Week Ended— a institution bank 1% 1% of currency, other growing tendency on the part of the public currency in view of prevailing low interest rates, to retain and small measure, 1% Satur general business and industrial activities with its increased requirements for the reasons no 1% 1% 1% 1% 4 1% 1% 1% 1% 1% 26 an.27... to was i% i% i% i% i% 1% 22... an. As 1% 1% 1% 1% 1% Satur day Sun day an. an. 1% 1% 1% 1% 1% 1% 1% 1% an. JANUARY 1% 1% 1% 1% 1% an. $40,250,000 THE MONEY MARKET DURING * 1% i% an.17... (par value)— Domestic. 1% 1% 1% an. 1% 1% 1% 1% Satur day Sun day an.15... 1939 1% 1% 1% 1% Sun day 6... an. an. 6 Months Satur day 16,353,000 20,540,000 5 Months 1% 1% " an.14._. Month of January 4 Months 1 % 5 20,576,000 $131,490,000 $128,981,000 CURB Mixed, Collateral Holi day 4 an. an. 24,151,931 , an. THE on 90 Days 1 an. 1938 25,182,350 3,760,000 ON 60 Days EXCHANGE 1940 15,990,665 2,707,000 BUSINESS 1 67 $230,987,000 $144,917,000 $159,611,000 $165,910,000 OF 1 10 Bond sales (par value)— Railroad and miscellaneous 15212,637,000 $120,903,000 Foreign government 15,643,000 20,254,000 VOLUME 31... 69% Jan. an. Total bond sales. Jan. 2 13,312,960 United States Government 1 1 1 114% Jan. .1941 of shares.. 1 1 an.. Month of January 1 1 an. Stock sales—No. 30... 1 32% OF BUSINESS Jan. 1 30 Days VOLUME 1 1 106% .I960 1 1 16 105% Jan. Youngstown Sheet & Tube 4s 1948 1 15... 64 ' Third Ave Ry adl 5s 1 1 1 1 1 1 28... Jan. 60 78 26 27 29... Jan. 40% Montana Power 3%s .1966 Portland Gen Electric 4%s. .I960 .1961 Republic Steel 4%s B Shell Union Oil2%S------ 1954 1 Jan. 20% 1956 60% 1 1 1 1 60% 62% Jan. 117 1 Saturday Sunday 59% 63% .1950 i' 1 Jan. 13 30 , Industrials— Allegheny Corp 5s stmpd.. Jan. Jan. Saturday Sunday 10 Jan. Bethlehem Steel 3%s. .1952 Commonwealth Edison 3 %s. 1958 Internat Tel & Tel 5s 1955 1 Jan. 59% Jan. 59 1969 _. 12 109% 10 39% Jan. 59% .2047 Southern Pacific 4%s...— Southern Ry 4s. 11... Jan. 1 Jan. 59% .1978 . — 10 Jan. 17 28 ' 1 59% Jan. .2013 N Y Chic & St Louis 4 %s. Northern Pacific 6s ser B Jan. Jan. Jan. Jan. 2 ' Bost & Maine 5s 1 1 Saturday Sunday Japanese Govt 6%s Jan. Renewal 1 Jan. 11 Jan. 18 Jan. 25 Feb. 1 1@1 1(»1 1@1 1 1 1 1% 1% 1% 1% 1% 1% 1% Call loans on Stock Exchange: Range for week (mixed & ind. coll.).. Week's average (mixed & lnd. coll.)-. Tlme loans (mixed and Indus, collateral): Thirty days Sixty days 1 1% 1% 1% Ninety days.. Four months Five months 1@1 Six months ... 1% 1% 1% 1% 1% 1% %@1 %@1 %@1 %@1 %@1 %@1 %@1 %@1 Commercial paper: Double and single names: Prime 4 to 6 months Good 4 to 6 months 1% 1% 1% 1% 1% ...» . 1% 1% 1% Trading in bankers' acceptances remained quiet as avail¬ able bill offerings continued to fall far short of the demand. Outstanding acceptances, according to the monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York issued Jan. 14, aggregated $208,659,000 Dec. 31, as against $196,683,000 Nov. 30, and $232,644,000 Dec. 30, 1939. import bills increased from $97,898,000 Nov. 30 to $109,206,006 Dec. 31, and domestic warehouse credits from $31,373,000 to $34,388,000, while export bills declined from $20,195,000 to $18,143,000 and bills based on goods stored in or shipped between foreign countries from $28,566,000 to $27,461,000. Bills held by accenting banks amounted own to $166,813,000, of which sum $99,559,000 were bills, and $67,254,000 bills of others. Rates for bankers* acceptances continued to be quoted at Vo% bid and 7-16% asked for 30-day, 60-day and 90-dav bills, at 9-16% bid and Vo% asked for 120-day bills, and at %% bicFand fcr bills 9-16% asked running 150 and 180 days. 17 MONTHLY REVIEW Feb., 1941] PRIME deposits and other Federal Reserve Foreign deposits with the Federal Reserve Banks were higher by $82,681,000 at the $1,215,590,000 mark, but other deposits were $15,887,000 lower at $583,657,000. Loans and investments of the weekly reporting banks in crease BANKERS' ACCEPTANCES in non-member accounts. Call Loans 180 Days 150 Days 120* Days 90 Days 30 Days 60 Days Secured by Bid & Ask Accept'ces Bid & Ask Bid & Ask Bid & Ask Bid. & Ask Bid & Ask Jan. Holiday 1 2 >IMM New York 9itaM Ma91# %a9it Via9 ie Ma71« Ma\t mmmmm City increased $96,000,000 in the four weeks to high at $10,394,000,000. Loans decreased $67,000,000, but investments were up $163,000,000. Com¬ mercial, industrial and agricultural loans increased $36,000,000 to a new high since October, 1937, at $1,943,000,000. As for investments, Treasury bills decreased $28,000,000, but all other categories of investments were higher, with Treasury notes up $94,000,000, Treasury bonds up $82,- Ma7 ie Ma7 it Ma7ie 3 Ma'it Jan. 29 to Saturday 4 Sunday Ma7 u 5 6 mmmmm 7 mmmmm 8 mmmmm 9 m 10— mm - • •mmmmm Ma7it Ma7 it aitaM %a9 is %a9it Ma.7 is Ma7n Ma71« 8i eaM 5Aa91# Ma7it Ma7n Ma7it Ma718 Ma71« 9itaM Ma7it Ma7 it 8i6 aM %a91# Ma9is Ma9u V»a91# %a9xt %a8i6 Ma7it Ma7i» 8i iaM %a8iB Saturday Sunday 11 12 13— 14 m mm m m mmmmm 15— 16 mmmmm mmmmm 17—. mm m m'm Ma7it Ma7it Ma7 is Ma7n Ma7 it "laaM Ma7 is Ma7 u Ma7 la 9ieaM Ma7it Ma71« Ma71« »i saM Ma7 n Ma71« Ma7 ie htaM %a9it Ma9it %a91« Ma9u %a9u Ma91« 9MM Ma7is • and 5ia8i6 Sunday 19— 20 mmmmm 21 m mm m m mm m 22 23 m 24 m mmmmm Ma.7 is Ma7it Ma7u Ma7it Ma9it^ 9itaM Ma9n Ma7 is 9itaM Ma71« 9naM Ma9 is Ma9u 2^a8i# %a9it %a91# %a8u Ma7 ie Ma7 ie Ma7u 8i taM Ma71« Ma7 u Ma71« Ma7it Ma7 x. Ma71« •i taM Ma'it Ma9 ie 25 . Saturday 26 Sunday 27 mmmmm 28 mmmmm 29 mm 30 mmmmm 31 mm m mmmmm Ma71« Ma7 it Ma7n Ma71« Ma7n Ma7i, Ma7 ie Ma71, Ma7it Ma7 x# RETURNS Ma7 is 8i taM Ma9it %a9u Ma7it 9i taM Ma'it Ma9 ie Ma7it Ma7 it Ma7ie ■j 9i»aM %a9 ie 9naM Ha'it %a9 it 9i*aM Ma'it %a9 it OF THE FEDERAL RESERVE BROKERS' LOANS IN NEW Government-guaranteed securities up $3,000,000 $12,000,000. Demand deposits— adjusted were $222,000,000 higher at $10,632,000,000, but decreases of $15,000,000 were shown in Government deposits, $49,000,000 in domestic bank deposits and $44,000,000 in foreign bank deposits. Total loans and investments of the weekly reporting banks in 101 cities rose $80,000,000 in the four weeks from Dec. 24 to Jan. 22 to $25,684,000,000. Commercial, industrial and agricultural loans increased $39,000,000 to a new high on the move at $5,055,000,000 and open market paper was $9,000,000 higher at $312,000,000. Direct Government securities of these banks were $149,000,000 higher, with 000,000, %a91# %a9it %a9ie Saturday 18 Ma'it BANKS- YORK CITY Anticipating the expected heavy return flow of currency to the banks in January, and the consequent upbuilding of excess reserves, the Federal Reserve System on Jan. 1 seized time by the forelock and took the unprecedented step of addressing to the Congress a special report on behalf of the Federal Reserve Board, the Presidents of the 12 Federal Reserve Banks and the 12 members of the Federal Advisory "This step is taken," the report said, "in order to draw attention to the need of proper preparedness in our Council. monetary organization at a time when the country is engaged requires the co-ordinated great defense program that effort of the entire nation." in a What the report did was to submit to Congress a fivepoint program whose main proposals were: Provision by Congress of means for absorbing a large part of existing excess reserves, amounting to nearly $7,000,000,000; re¬ issue $3,000,000,000 of greenbacks, silver, to issue silver certifi¬ cates against the seigniorage of $1,500,000,000 from previous purchases of silver, and the power of the President further to devalue the dollar in terms of gold; insulation of the credit system from the effects, in the form of increased deposits and excess reserves, of further acquisitions of gold; financing of Government requirements out of the existing large volume of deposits rather than the creating of additional deposits through bank purchases of Government securities, and, finally, the meeting of a larger and larger portion of the defense expenses by tax revenues rather than by borrowing moval of the power to further monetization of foreign as the national income increases. "It is vital to the success of these measures," the report concluded, "that there by unity of policy and full co-ordina¬ tion of action by the various governmental bodies. A monetarv system divided against itself cannot stand se¬ curely." Nevertheless, the comment on the program by Secretary of Commerce and Federal Loan Administrator Jesse Jones and Secretarv of the Treasury Henry Morgenthau Jr. showed that "unity of policy and full co-ordination of action by the various governmental bodies" was lacking. While the prospects of the program in Congress were the report did constitute a platform for the Federal obscure, Reserve authorities and hence served to put member banks on notice of what might be forthcoming. The tremendous rise in bank reserves springing from retire¬ ment of holiday currency did not come about in January of this year, at least in the order of magnitude which the $1,100,000,000 increase in currency circulation from the low of last June to Christmas week would seem to warrant. The net reduction in currency circulation in the four weeks from Dec. 31 to Jan. 29 amounted to only $185,000,000, leaving the outstanding volume at $8,548,000,000, a new record high for the time of year. Accordingly, excess reserves, which bade fair to rise above the $7,000,000,000 level to record heights, increased only $180,000,000 net to a total of $6,800,000,000 on Jan. 29, compared with the high of $6,940,000,000 on last Oct. 23. Just as the decline in currency circulation was subnormal, so was the expansion in the gold stock far behind the record of other months since the war broke out. The National gold reserve rose by $115,000,000 in the four week period to $22,110,000,000,Vhile for January as a whole the increase was about $120,000,000, a new low since August, 1938. Actual reserves of all member banks were up $321,378,000 to a total of $14,347,011,000, but the expansion in bank deposits was so sharp as to raise required reserves appreciably . Member banks gained reserves through the decline in cur¬ rency, the increase in the gold stock, the reduction of $110,230,000 in the Treasury's deposit balance in the Reserve Banks (to a total of $258,251,000), the $10,000,000 rise in Treasury currency and the $12,000,000 decrease in Treasury cash. The banks lost reserves through the $46,000,000 decline in Federal Reserve credit and the $66,000,000 in¬ a new other securities up Treasury bills off $6,000,000, Treasury notes up $51,000,000 and Treasury bonds up $104,000,000 to a total of $7,063,000,000. Government-guaranteed issues were $3,000,000 higher at $2,743,000,000, but other securities were off $5,000,000 at $3,677,000,000. Treasury calls on depositaries caused a drop of $191,000,000 in Government deposits of the reporting banks in 101 cities, but demand deposits—ad¬ justed were $516,000,000 higher at $22,898,000,000 and domestic bank deposits increased $267,000,000 to a total of $9,186,000,000. Reporting New York City banks' loans to brokers and loans—dropped steeply by $98,000,000 to a total of $321,000,000 in the four weeks from Dec. 31 to Jan. 29. Other loans for purchasing or carrying securities declined $3,000,000. The monthly report of member borrowing issued by the New York Stock Exchange showed a total of $413,072,134 loans outstanding as of Jan. 31. This figure cannot be compared with previous reports of the Exchange, for the basis of calculation has been revised with publication of the current figure. The nature of the change embraces both types of loans included and geographical area covered. For instance, commodity loans of Stock Exchange members now are carried in the total and the figure now includes member borrowing throughout the country whereas formerly it represented only^borrbwing in dealers in securities—the so-called brokers' New York City. COURSE OF STERLING EXCHANGE IN JANUARY during Janu¬ the previ¬ ous six months. Fluctuations were unimportant. Free market sterling was especially inactive. The slight turn¬ over in the exchange market is the result not only of the various legal obstructions to capital movements here and abroad, but also of the greatly increased tendency of ex¬ ports and imports to be invoiced in terms of dollars rather than in foreign currencies. The dulness was also attributed partly to the reduced personnel in banks and firms en¬ gaged in foreign exchange business. Throughout the month the London authorities intensified their efforts to conserve sterling and to increase their dol¬ lar resources, while the British Empire countries were making equally determined efforts in this direction. The British Government enlarged its plans undertaken a few months earlier to keep a large part of its foreign trade exchange market in New York The foreign ary was perhaps fhore quiet than at any time in - under strict control by entering kets agreements in various mar¬ whereby all payments are to be made to "special," "reg¬ "sterling area" accounts. All payments involv¬ ing trade with the sterling area continue to be financed with sterling and so do not involve the use of foreign istered," or exchange. The unofficial rate for free sterling, at ings continued to take place in January, narrow of range $4.03% which some deal¬ ruled within the to $4.04. the Bank of England's official $4.02% buying and $4.03% selling. Other official rates quoted by the Bank of England continued as follows: Canada, 4.43-4.47 (Canadian official 90.09c.-90.91c. per United States dollar); Australia* 3.2150-3,2280; New Zealand, 3.2280-3.2442. American commercial bank rates for official sterling continued at 4.02 buying and 4.04 the Throughout month rate continued at selling. As during previous London nations. on months, exchange was not quoted in Germany, Italy, or any of the invaded European In New York, as during previous months, ex¬ countries, nominal market German official change was not quoted on the invaded European including Greece, but in a marks were 12.20-12.50. quoted at 40.00-40.05, and registered marks at were held pegged in New York at Italian lire 5.05 in purely nominal trading. A matter of outstanding importance with respect to for¬ eign trade and hence to foreign exchange was the Presi¬ dent's recently increased control over exports, together with the imminent prospect that the United States might • • , •• / la MONTHLY REVIEW "freeze" all foreign assets held in banks here. President Roosevelt regulations export issued take to On Jan. 10 chietiy to certain metals deemed essential for defense duction. It understood was that this control might be further extended at any time. Closely allied to such an export control "freeze" to proposal all would American funds include withdrawals alike. countries of invaded nations, then under in Such necessarily halt the relatively free flow order been going on for months. The fact that the order toward end the of in was January stimulating Swiss francs. Argentine Japa¬ the The invaded ment of Jan. 22 not aggregated the $1,230,690,000. Reserve Federal $(>58,000,000. were These figures, thought to reflect the large amount banks bank as however, the war Untied Dec. was esti¬ than £12,- 25. market money extremely erally %% the rate Federal ~ the it more of tinued were System estimated foreign holdings of gold, dollar balances and direct and indirect investments in sterling. showed London of corporate and United States. In private deposits lodged in banks of the the as England statement for the week ended note circulation of £599,203,000. This compared with the all-time high of £616,904,000 in the state¬ of August, 1039, before the outbreak of the Reserve Foreign member use of Bank 29 with progress began, London continued 600,000 annually. for Jan. nations, in mated, will result in exchange savings of effect demand pesos and Foreign government bank deposits with the Federal Re¬ serve banks as of Jan. 22, including the frozen funds of deposits of the replied favorably have were effect, prospect had of to to receive from the overseas Dominions in re¬ On Jan. 20 advices from Mel¬ bourne stated that further restrictions on imports from nonsterling countries had been announced by the administrator of customs. The new schedule affected a large list of prod¬ ucts, mostly in the less essential categories, for which the demand could be met with substitutes or similar goods obtainable in Australia or from sterling countries. Aus¬ tralian import restrictions already in and Italian funds in and out of this country which has nese reported negotiations the closest coox>eration stricting the would of German, Under-Secretary was and As ever since the war Congress. an offer, month ended. merely signature. low. except rates Call on one throughout money two or against days of ranged between 94% and 1%%. months' bills toward the end four-months' bills 1 of the January bills con¬ was gen¬ when squeeze, Two- and three- month were 1 1/32%, 3/32%, and six-months' bills 1%%, having dropped from 1%%. Canadian exchange was generally steady throughout De¬ cember, but the discount on Montreal widened • . . . States at about mark $8,400,000,000. Foreign gold held under ear¬ Jan. 15 amounted to on Under $1,803,875,320. freezing plans in contemplation, it the licenses will be freely granted to governments with which the United States is in was held, of countries sympathy, but authorita¬ tive opinion thought it probable that any financial transac¬ tions of individual nationals of neutral countries will be scrutinized more carefully than hitherto, in order to prevent evasions. On 000,000, of 8 Jan. the ... the States gold holdings approximately 75% or world. months of of United This was States $22,034,-, the previous 12 On Jan., 31, 1934, the gold stock $4,287,000,000. United reached of the total monetary gold increase from an $0,829,000,000. That the United States gold holdings should amount to such a preponderant was share of the world's visible of the extreme monetary gold is strong evidence dislocation pf international trade. The Treasury's gold holdings, however, do not represent all the gold in the country, because foreign governments and cen¬ tral banks known were to have ' at the $1,807,073,263 of gold deposited in their eral Reserve The stances of in the war, January. could porters operations December in the Fed¬ of Great Britain's international trade, evident from month to month since the made was outbreak of banks. disruption which end names take Neither a without ceeding to act emphasized by several circum¬ British importers nor ex¬ single step based on previous trade was consulting the authorities before pro¬ invoice whether of incoming or out¬ on every going materials. The greatest setback which Great Britain seemed to en¬ counter in January was loss in shipping. British import¬ ing and exx>orting merchants were experiencing serious? dif¬ ficulties as a result of the destruction of ships and cargoes constantly changing regulations. January that British exports in Novem¬ ber, 1940, were the lowest in any month in more than 20 and the It was shown in years and were down 58% from November, 1939. of Trade made a ruling, effective as 13, on imports of raw cotton and cotton linters from British Empire countries and some other regions re¬ The of British Board Jan. garded subject ruling within to an the license as by open sterling the general these imports Trade. Prior area, Board license of for such imports to, be to the existed, implying that permission was not required to make them. Another regulation affected tea shipments from The Netherlands need for A seen in East shaping sign of the in 1940 Indies. the fact The ruling space for other severe that amounted financial new was caused by the uses. pressure on London capital issues in Great was Britain to only £4,096,000, the lowest total on record, which compared with £66,294,000 in 1939 and with £384,211,000 in 1920, the post-war record. Only such issues for the prosecution of the war were permitted in 1910. The British Treasury on Jan. 11 announced that it had taken over all individual holdings of another of large block United States dollar stocks and 60 bonds. securities. The list included 45 British holders of foreign securities were required to register them with the Treasury early in the war. This measure was designed to afford the Treasury the opportunity to obtain foreign exchange by acquiring the securities and paying off their owners in sterling. The January requisition brought the total of United February 1940 to 345. securities "called up" since States v of Treasury, the to of Federal Reserve officials, had already drafted an Execu¬ tive Order for the freezing and that its issuance the. President's new investment trust group was transmitted the British Government by Secretary Sir Frederick Phillips, Morgenthau. British understood toward the end of the month that the States Treasury Department, with the cooperation awaited Treasury plans The offer of the was United British inaugurated to rex>resentatives but by belligerent and neutral consideration the on Jan. 14 by certain American invest¬ trusts to negotiate for the purchase of British direct investments in the United States. The principal assets involved are those of American subsidiaries of British cor¬ The bill to porations. freezing order would be delayed until the passage of the It , ment foreign exchange market had been expecting the extension of the freezing plans for months. At the end of January it was generally expected that the "lend-lease" plan pro¬ exports the plans The were relation obtaining foreign exchange by assuming the marketable securities privately owned by British citizens was a foreign assets in the United States. of now of close a for similar to the license system governing the was withdrawal Bearing proclamation imposing strict effect on Feb. 3. It applied a close toward of the the month. fact nounced that that The greater discount mid-December in Ottawa for pre-payment goods to was authorities be the ascribed imported to an¬ into Canada could not be made until any permits required under the War Exchange Conservation Act had been obtained from the appropriate Government authorities. In addition, Foreign Exchange Control Board ruled that unless the approval had been received, no foreign exchange could be purchased used, and no transfers of Canadian dollars made to non¬ residents to pay for goods in advance of their importation into Canada unless specifically exempted. Goods exempted were those originating in the sterling area being or shipped to Canada, goods originating in.the United States which were to be imported within 90 days, goods originating elsewhere than in the United United States and 90 days. Montreal count of In States which had were funds were 17%% and commenting a to be imx>orted quoted in discount of already reached the into Canada within January between 13%%. a dis¬ the foreign exchange situation during January the Federal Reserve Bank of New York said in its "Monthly Review" for Feb. 1 : "Following an unusual degree of stability during recent on months, sizable fluctuations occurred in several foreign ex¬ rates during January. These movements resulted primarily from efforts to withdraw foreign funds from this country, stimulated by recurring rumors that the assets of change additional foreign countries might soon be 'blocked' through extension of the present system of United States Treas¬ an regulation, now limited European countries. ury to the accounts of the invaded "The repatriation of Swiss dence with little funds, which had been in evi¬ interruption since the defeat of France last June, continued throughout the past month. The New York rate for the Swiss franc, after having held at about $0.2321 since the latter part of October, advanced abruptly on Jan. 24, when reiwrts were first received that the Swiss authorities were restricting their accumulation from the inflow of capital. Although National Bank continued.to absorb arising of dollars the Swiss dollar offerings from sellers domiciled in Switzerland together with dollars repre¬ senting the payment for Swiss exports and other commercial payments to Switzerland, it appears to have suspended the purchase meet in of dollars from Switzerland and sellers having no obligations to seeking only to avoid a possible 'blocking' of their funds in the United States. Pending a clarification of the preliminary reports of the new Swiss measure, the rate in the New York market for Swiss ex¬ change for commercial purposes rose to as high as $0.2330 Jan. 25, but then receded somewhat to end the month at although this rate was believed not to apply to offerings by non-Swiss holders seeking to move funds from the United States to Switzerland for non-commercial pur¬ poses. In addition, a separate and much on $0.2326, higher rate was quoted in the latter part of the month for transactions for which the Swiss authorities were reportedly unwilling to against dollars. This latter rate high of about $0.2370, bid, on Jan. 28, and held near this level during the rest of the month. "Swedish exchange also was affected by the flow of for¬ eign private capital from this country during January. supply reached Swiss francs a (Continued on page 68) ^ T Stock Exchange York New MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING JANUARY 1940 1941 Bond Sales 15,990,665 13,312,960 1939 1940 1940 1939 1,669,438,000 Jan. 1 to Dec. 31 1940 1941 Shares_ January $144,917,000 $230,987,000 January 1941 Stock Sales l 2,046,083,000 Jan. 1 to Dec. 31 262,029,599 207,600,249 __ monib's range unless tbey are tbe only transactions of tbe month, and when selling shown in a footnote in the month in which they occur. No account is taken of such sales in computing the NOTICE—Oasb and deferred delivery sales are disregarded in tbe outside of the regular monthly range are range for the year. transactions on the New York Stock Exchange during introduction, as they are self-explanatory. The tables embrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list. The italic lette s in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying^ bonds are at a price to which accrued interest must be added. The exceptions-to the rule are income bonds afid bonds on which interest is in default; This method of quoting bonds became effective Jan. 2, 1909. Quotations after decimal point repre¬ The tables on pages 19 to 40 furnish a complete record of the January, 1941, and the range for 1940. They need no extended sent one or more 32ds of a Dec. 1940i •• Jan. 2 •5 ft. EXCHANGE Bid BONDS 4*8---------------1947-1952 U S GOVERMENT 143,000 Treasury 68,000 1,000 46,000 "74,666 "32:660 ■ 121.28ll20.28 Ask Highest Lowest Highest Sale Prices Sale Prices Sale Prices "28:666 .... 3,000 19,000 "25:660 M 8 56",000 113,000 162,000 1,000 39,000 Jan. 21 111.21 Jan. 6 111.16 June Aug. O A O 108.5 Sale 4,000 133,000 82,000 101.30 Dec. 2 01.30 Dec. 2 3 107.16 May 31 09.30 Jan. 4 Dec. 26 09.21 Mar. 4 102.17 102.20 el02.18Jan. 2 102.18 Jan. 2 102.22 Dec. 26 05.17 Jan. 4 03.9 Sept. 10 01.1 Jan. Sale 4 107.24 107.27 el07.28 Jan. 4 107.12 Sept. 10 June 10 Sale Jan. Jan. 2 108.4 Jan. 2 107.11 June 10 09.30 Jan. 11 108.19 Jan. 31 109.9 Jan. 6 107.30 June 10 10.21 Apr. 6 109.4 Jan. 2 109.4 Jan. 2 107.29 June 10 10.14 Mar. 29 111.30 111.28 Jan. 23 112.12 Jan. 10 108.23 June 3 13.19 Dec. 111.2 Aug. 1 11.29 Mar. 23 113.12 Jan. 28 114.9 Jan. 109.14 May 24 15.1 Nov. 27 Jan. 30 111.21 Jan. 10 108.6 June 12.28 Nov. Jan. 25 10.17 Jan. Jan. 29 113.2 Jan. 2 107.20 June 10 13.23 Deo. 10 108 May 22 13.10 Dec. 26 109 Jan.. 31 111.9 Jan. 2 104.20 May 28 11.30 Dec. 10 109.20 Jan. 8 110.14 Jan. 2 104.28 June 10 11.22 108.28 Jan. 24 109.24 Jan. 2 106.20 June 11 10.10 Dec. 13 106.20 ili:26 June 3 09.29 Nov. 13 112.12 Sale J D 114.17 114.24 nll3.3 Sale 1946-1948 - 23 108.6 108.4 108Y9 Sale 1949-1952 - J D 58:666 14:666 27",666 "89:666 51:606 "68:666 2i6~,666 "20,666 265:666 16*565 """2:606 23",666 """9:660 78,000 1,000 89,000 4,000 80,000 32,000 96,000 148,000 20,000 41,000! 1,000 8,000 70,000 15,000 54,000 - 111.4 113 Sale 111.23 111.26 111.28 M 8 111.9 Sale 109 - 1955 1960 Treasury 2*8 4,000 65,000 5,000 ro.ooo 109.3 M ~8 110.27 111.1 109.18 109.21 109.21 Jan. 29 110.9 Jan. 3 105.24 May 23 11.14 Dec. 16 D 109.31 Sale 108.18 Sale 108.18 Jan. 31 Jan. 2 104.16 May 28 10.25 Dec. 30 109.7 Jan. 18 109.7 Jan. 18 107.24 Mar. 08.14 Oct. 116722 108:9" Jan. 30 110.23 Jan. 13 103.24 May 24 11.3 Dec. 10 107.14 May 07.28 Mar. 18 103.13 2 May 28 1961-1954 J Treasury 2*8 Registered 1956-1959 M Treasury 2*48 Registered— 1958-1963 / Treasury 2*8 S Sale ......1960-1965 Treasury 2 Ha Registered .........1945 .... 20,000 108". 12 108.11 Jan. 30 109.29 Jan. Sale 108:5"" Jan. 31 111.17 Jan. 1948 1949-1953 - Registered J J ... M J 110.10 108.9 D 110:6" 108:5" Sale D 109.6 109.12 108.9 S 110.6 110.12 109.6 108". 13 108.14 Jan. 23 el08.l4 Jan. 62,000 "i"i",666 8,000 28,000 2,533,000 1,556,000 2 23 D 107.26 Sale 106.9 109.9 Sale ...... 1947j J — Treasury 2s.................1948-1950 J 11.4 Dec. 12 June 11 07.21 Oct. June 10 11.27 Dec. 10 Apr. 4 07.29 Apr. 106.18 June 11 09.22 Dec. 12 Jan. 30 el09.22 Jan. 105.13 Jan. 31 Jan. .1953-1955 10.31 Jan. 103.2 May 28 08.28 Dec. 10 Jan. 103.3 June 6 08.25 Dec. 10 May 24 08.28 Dec. 13 Dec. 27 D 81 1944-1964 M 3s 1944-1949 M N 24 107.23 Jan. 103.4 104.11 Jan. 31 105.14 Jan. 101.7 May 24 06.18 104.8 Jan. 31 105.9 Jan. 102.2 July 23 06.21 Oct. 22 06.14 Dec. 11 Jan. 102.28 June 10 07.15 Dec. Jan. 101.13 June 4 06.28 Deo. 101.14 104.11 Sale 105.30 106.3 104.8 Sale May 23 04.8 Mar. 15 11 04.26 Dec. 13 107 107.5 106.4 Sale 106.4 Jan. 31 106.7 Sale 105 Sale 105 Jan. 31 106.7 106.28 103.15 Jah. 16 101.25 Oct. 108.14 108.18 107.18 107.22 107.20 Jan. 29 107.28 Jan. 4 105.22 June 8 08.24 Apr. 6 107.15 107.18 107.19 Jan. 21 108 Jan. 6 105.20 May 24 08.21 Apr. 8 Nov. 19 08.15 Dec. 12 107.30 Sale Jan, 7 103.3 Jan. 4' 103.6 Dec. 12 05.15 Jan. 9 102.28 102.31 103 Jan. 9 103 Jan. 9, 103.7 Dec. 24 05.2 Jan. 24 107.10 107.14 107.12 Jan. 21 107.26 Jan. 2 May 31 08.12 Apr. 4 107.17 Feb. 23 08.3 Dec. 24 Jan. 30 el03 Jan. 30 103.1 June 4 04.25 Mar. Jan. 23 103.2 Jan. 2 100.5 June 4 03.25 Dec. 16 103 M 103 103.5 M N 107.26 Sale 1942-1947 Registered... Sale 102.31 103.3 103 103.3 103.7 103 103.2 1942-1944 1945-1947 NEW YORK 5 31 103.5 2*8 1944-1952 17 Jan. 102.16 Sale 103 1942-1947 J '., Dec, 13 ,102.16 103.30 104.3 Registered 3s 2J*s Series O 1 *s series M Deo. 10 108.12 J 3*8 3s Series A May 24 107.30 Jan. 108.12 106.26 106.30 107 105.30 106.3 D D 4 103.26 108.5 D 16 4 107.22 ..... Treasury 2s,... 24 103.15 106.9 109.7 — .........1950-1952 1951-1953 1954-1956 / Treasury 2 *8 Treasury 2*8 Treasury 2*8 Registered a 107.29 110.6 107.22 Treasury 2148 Treasury 2 *8 " 48,000 109.31 103.14 D — Treasury 2*8 Registered 108.12 108.14 Home Owners Mortgage Corp— 59,000 Dec. 18 1948-1951 5 — Treasury 2*8 Registered. " 35~66o 109"" 9 25 M Federal Farm Mortgage Corp— 5,000 34,000 1,000 3,000 109.22 Sale 3 9 1945-1947 Treasury 2*8 Registered.... 136.566 i43~,666 Sale 110.14 Sale Registered Treasury 2s 111.4 112.6 S Registered " 88,666 111.7 1121 M — ,,1951-1955 Registered ~ 5 2 Jan. D Registered "452:666 Jan. 4 Jan. 107.25 110.17 -—1946-1949 Y Registered 5,000i 04.24 Jan. 101.22 Sale 109.6 109.4 A 1944-1946 Treasury 3s 10,000 Dec. 24 101.24 107.20 Registered 289,000 3 Nov. 18 103.9 108.4 Treasury 3s "87,666 3- Dec. 15.24 Jan. 102.18 Sale F 1943-1945 Treasury 3 *3 Registered. 82* ooo Apr. 16.11 2 108.26 Treasury 3*8 "69",666 5 4 Jan. A 1941 Registered 12,000 101.25 Dec. Jan. 101.23 101.29 101.17 101.20 101.19 101.19 101.22 Sale 107:17 loVio Treasury 3*8 1,000 15.3 21 113.6 25 115.7 107.24 Sale Registered.,. '""22",666 2,000 May 29 10 Jan. S Treasury 3*8 2,000 Apr. 115.19 115.24 114.17 114.19 ell4.20 Jan. Registered "55:666 Nov. 27 15.6 4 Registered. 100,000 22.14 10 3 Jan. D Treasury 3*8 Registered 2,000 22.20 10 June Jan. 31 113.18 .1943-1947 Y Treasury 3*8 124,000 10 June 24 121.26 Jan. 113.23 113.28 113.1 .1941-1943 M Treasury 3*8 1,000 June 111.18 Jan. 113.1 121.23 Registered. 4,000 117.2 120.26 Sale 114.1 D Sale 113.6 O 1944-1954 Treasury 3*8 ■ Lowest Registered. ~51~66O . Sale Prices Jan. 31 Ask Bid . RANGE FOR YEAR 1940 117 A J 1946-1956 Treasury 4s Registered 13,000 - PRICES IN JANUARY BONDS N. Y. STOCK 1941 Jan. ' point. SALES IN Sale 102.15 102.18 102.16 Sale 101* Sale 105.4 7 CITY Transit Unification Issue— —1980 3% corporate stock J D 103 F A 22 A O 22* Sale 21 29* Sale Sale 101* Jan. 24 103* Jan. 2 88* May 21 104* Dec. 11 FOREIGN GOVT & MUNICIPALS 9,000 2,000 48.000' 76,000 32,000 27,000 55,000 28,000 25,000 26,000 215,000 221,000 347,000 142,000 Agricultural Mtge Bk (Colombia)— AOtd sink fund 6a -—....1947 AGtd sink fund 6s 1948 Akerahus (Kingdof Norway) 4s_1908 38",660 iAntioquia (Dep tof) Col 7s A..1946 a External s f 7s series B 1945 30,000 a External s f 7s series O 1945 iExternal s f 7s series D—...1945 64,606 26,000 a7s 1st series ...........1957 31,000! a7s 2d series 1957 2,000 5,000 27,000! 14,000, 257,0001 220,000, 347,000 126,000 .....1957 a7s 3d series Antwerp (Clty( extl loan 6s 1958 Argentine Nation (Govt of)— M 8 J J J J J 8* 8* 31 J J O J D MN MN 79* 67* Sale 68* 8 f external conv loan 4s. 64 Sale 8 f external conv 64 ..1948 Sinking fund external 4*a—1971 8 f external 4*8 For footnotes see page 30. Feb 1972 F A loan 4s. .Apr 1972 A O 24 65* 78* Sale 65* Sale 59* Sale 59 23* Jan. 23* Jan. 24 30 20 June 7 9* Jan. 8* Jan. 8* Jan. 10 Jan. 8 9 2 Jan. Jan. Jan. 31 J an. 31 Jan. 9 78 Jan. 31 65 Jan. 31 59* Jan. 60* Jan. 31 4 30 9* 8* 8* 8* 20 Oct 14 40 2 16 O A 23* Jan. 22* Jan. 8* 7* 7* 7 O A Sale 24* 29* Sale 9 9* J A 23* 23* 21* 8* 8* 8* 7* 7* 7* 7* 7* Apr. Dec. May May Dec. May 10 5 22 24 7 Dec. 31 28* Feb. 29 Feb. 60 15* Feb. 15 Feb. 15 14 14 1 15 10 Feb. 28 Feb. 31 Feb. Feb. Feb. Jan. Jan. Jan. Jan. 10 14 9 13 17 Jan. 24 12 80* 70* 64* 64* Jan. Jan. Jan. Jan. 24 13 10 13 70* July 16 61* June 12 54* July 15 90* Mar. 95 Mar. 87* Mar. 55* July 87* Mar 7* Dec. 30 Nov. 30 15 16 15 Mar. 13 Apr 15 4 6 7 7 7 20 N. BONDS Jan. 1941 34 PRICES Jan. 2 FOREIGN GOVT {Continued)— 254,000 115,000 242,000 42,000 25,000 29,000 24,000 208,000 144,000 318,000 3,000 26,000 1,000 16,000 2,000 37,000 Australia 1 of 1925—July 16 1955 J J 1957 M S 1957 J Sale Sale 7 J A 24 M 8M 26 21 40 M 49 4754 s 40 51 Sale '4l" 50 53 52 M Sale Sale 25 26 21 486,566 567,000 348,000 421,000 46,000 52,000 13,000 13,000 132,000 89,000 21,000 29,000 6,000 -1955 J D With declaration 36,000 4,000 Buenos Aires (Province a6s stamped 27 23 Jan. Jan. 26 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 52 25 54 47 32 July "27" 18 Sale 1554 Sale Sale sale 15 % 16 h 54 5254 57 M 594 61 60 56 ----- Sale 7h 6054 Sale 1961 1977 1976 1976 1975 1984 M S M S P A A O MN J J 55 21 3054 July 35 May 17 108 46 % Sale h 48 M 12 June 46% Jan. 26 54 Jan. 18 26, 19 Jan. 16 Jan. 16 Jan. 10 Jan. 1754 Jan. 22 59 Jan. 64 Jan. 14 61M Jan. 6054 Jan. 554 Jan. 30 8 54 June 6 33 June 12 33 June 12 42 May 29 8 ■4% June 13 210,000 322,000 178,000 ^ 1,000 2,000 172,000 Canada (Domin'on) 298,000 146,000 30-year gold 5s 10-year 2 Mis 25-year 3 Mi s 7-year254s 3 0-year 3s. 30-year 81,000 48,000 245,000 115,000 9,000 8,000 33,000 86,000 151,000 114,000 55,000 a Secured s 52% Jan. 57M Jan. Jan. 49 Jan. 30 11 10 M June 11 8 54 June 12 8 54 June 12 11 25 31 31 AStabilization loan 7 54s. A gold4s_. —1960 -.-1952 Aug 15 1945 1961 1944 O 38 54 June 12 39 54 June 11 41 June 12 40 June 26 6554 Feb. 17 63 54 Mar. 13 66 Feb. 19 6754 Mar. 14 31 July 25 4554 Apr. 7 Dec. 20 14 Jan. 10 15 Apr. 11 0154 Jan. 9 3 10 3 48 50 Jan. Sale 50 Jan. 38 34 Jan. 20 5254 Jan. 34J4 Jan. 16 21 Jan. 23 Jan. 65 3 51 23 MN F A ... Jan. 51 July 31 98H Sale 90 M Sale Sale 82 81M 92H Sale 79M Sale 92 M -7,9. 93 M 79M 79% 46",006 "i",666 35,000 1,000 40,000 2,000 6,000 54,000 32,000 190,000 25,000 101,000 29.000 118,000 6,000 51,000 5,000 19,000 "6",666 28,000 9,000 100,000 3,000 29,000 11,000 153,000 2,000 19,000 2,000 8,000 4,000 109,000 20,000 112,000 4,000 30,000 3,000 78,000 5,000 39,000 41,000 6,000 49,000 6,000 32,000 2,000 21,000 32",006 23,000 14,000 7,000 10", 600 6,000 78,000 3,000 5,000 229,000 208,000j 5,000 13,000 2,000 77,000 81,000 19,000 4,000 1,000 1,000 6,000 219,000 44,000 13,000 "5", 656 149,000 125",006 28",566 102,000 7,000 32,000 18,000 29,000 21,000 2,000 61,000 1,000 3,000 25,000 28,000 3,000 126,000 151,000 4,000 "2", 666 38,000 48,000 12,000 9.000 4,000 .9,000 15,000 524,000 26,000 11,000 15,000 3,000 128,000 93,000 61,000 8,000 142,000 57,000 11,000 4,000 20,000 6,000 14,000 24,000 6,000 299,000 45,000 276",665 142", 665 67.000 37,000 20,000 13,000 s f 6s int ctfs a6s assented AExt 7'' 18,000 6,000 1,000 1,000 10 M 11 Sale 10 M 11 MN 10 M 10 10M 1963 M S —1961 AGuaranteed sink fund 6s____1962 46s assented 1962 AChilean Munic Loan 7s 1960 a7s assented J1960 ACbinese Hukuang Ry 5s 1951 A MN M S M J S 9M D F 10 11M Sale 3 9 10 1054 Jan. 1054 Jan. 24 24 11 liH "ilk 10M "lok "lok 10M "16 k 10 10 V* Sale 11% 9M 24 M Sale Sale 25 22 30 22 18% 22 M 21M 21M 31 23 M 23 % 23 % 23 Sale 22 21M 72 77 74 1954 18M 17% 101% 102% 10154 Sale Sale 102 Sale 11 13% Sale 29 Va Sale 33 M 25 54 60 Sale 22% Sale 18 % 1942 M S 1940 A O A2d series A 30 Jan. 2 10M Jan. 3 11 100 15 10M Dec. : f 16 10 154 Mar. 11 15 10M Dec. : HO Dec. Jan. 29 1054 Dec. : Jan. 15 10 11 Dec. Jan. 17 10 Dec. 9 Jan. 11 1154 Jan. 20 10 17 IV Jan. 17 Jan. 17 10 11M Dec. : 10M Dec. : 9M Dec. ! 3 9% Jan. 1056 Jan. 22 3 Jan. 3 Jan. Jan. Jan. Jan. 9 9 Jan. 28 1054 Jan. 28 10 54 Jan. 15 1054 10M 1054 10 M 10M Jan. 16 2154 Jan. 30 Jan, 36* 56 59 56 % 54 M O 56 53 % 56 M 41 Sale 59 58 30 16 10 Dec. June Jan. 16 Jan. 13 54 Jan. Jan. 20 9 Jan. 15 11 Nov. 8 Dec. 13 June 22 2654 Jan. 9 32 Jan. 15 32 Jan. 1554 May 15 54 May 20 May 20 Aug. 2054 Aug. 16 Apr. 1554 Apr. 6554 June Jan. 4 15 2354 Jan. 15 28 22M Jan. 21M Jan. 7 18 22M Jan. 24 54 Jan. 2454 Jan. 27 Jan. 7 1654 Jan. 22 17M Jan. el0254 Jan. 17 102M Jan. 11 21 Jan. 8 72 Jan. 22 74 7 29 2 70 854 J^n. 23 25 May 854 Sept. 854 Aug. 20 Apr. 27 25 1854 Apr. 19 6354 Mar. 13 1754 Apr. 19 55% Mar. 13 6 Jan. 23 9 Jan. 3154 38M 2954 33M 2754 Jan. Jan. Jan. 2 40 Jan. 7 42 M Jan. 2 45 Jan. Jan. Jan. 2 44 Jan. 3 41M Jan. 25 25 Jan. 2 41 Jan. 56 Jan. 5454 Jan. unstamped German Gov't International— 9 49 Jan. 8 50 Jan. 16 56 Jan. 11 56M 5954 5954 27 Jan. Jan. Jan. 23 50 49 Nov. 6 17 49 Nov. 6 7554 Mar. 18 7554 May 1 14 50 Nov. 8 75 1154 June 18 27 8 Jan. 29 8 Jan. 29 Jan. 22 50 Jan. 22 Sale 22M Jan. 29 27 85% Sale 26 M Jan. 73 M Jan. 3 2 72 M 69 63 Jan. Sale 854 Sale 654 7 ser ... A.1958 J 1964 MiV .1964 1968 F A a68 part paid Haiti (Rep of) 6s series A 1952 aHamburg (State) 1946 6s__ 12M 7M 25% Sale 9M 11 Jan. 14 70 Jan. 6 72 Jan. 15 29 Jan. 22 84 Jan. 65 Jan. 28 65 Jan. 28 8 Jan. 31 954 Jan. 654 Jan. 4 954 554 Jan. 11 31 10M 1054 Jan. 654 Jan. 9 754 Jan. 2554 Jan. 2 2654 Jan. Sale 13 16 Apr. 75 Mar. 15 Aug. 30 May 17 40 Jan. 2 16 13 1 Mar. 23 Nov. 4 Feb. 23 5354 Feb. 80 27 14 Mar. 13 954 May 27 4054 July 12 105 Nov. 1 Jan. 18 92 Apr. 9 9254 Apr. 4554 July 12 118 Apr. 16 19 106 Jan. 854 Jan. 5 3 109 23 Dec. 28 8 9 June 3 18 10 11 67 21 25 954 Jan. 6254 Jan. 2254 Jan. 21 27 26 26 47 57 24 10 Jan. 17 66 Jan. 3 30 2254 Jan. 30 3 Jan. 3 26 Jan. Jan. 3 27 Jan. Apr. 24 2054 June 17 17 June 24 1054 Dec. 28 "25 54 "-Tune" 18 654 Dec. 30 1854 June 24 Jan. 1054 6554 57M 75 31 22 88 26 1054 7M 7 7554 Apr. Oct. 29 14 68 27 25 49% 8 3 29 Jan. 10 65 % 24 M Jan. 26 M Jan. 86 Jan. 6954 Jan. 1968 With (declaration For footnotes see page 30. D 1154 6% Jan. Nov. 8 Oct. 31 40 85 Sale Feb. 26 Mar. 13 Jan. 50 9% Sale 73 58 8M 6 5 17 8154 Apr. 22 1454 June 27 58 24 M 90 A36-year 5 Ms stamped 1965 J D a5M8 unstamped 1965 A5Ms stpd (Canadian holder).1965 AGerman Republic 7s stamped__1949 A O a7s unstamped 1949 German Prov & Communal Bks— Jan. 57 10 65 26 Apr. 6 11 1949 Jan. 62 104 June 10 84 7s 5 21 Jan. 6954 6 Apr. Jan. Jan. 60 . Apr. Mar. 13 57 Jan. D 100 25 56 J Mar. 13 Mar. 7 98 56 With declaration 85 5154 Aug. 27 73M Sale 49 2 53 9 21 D 4 21 9 16 56 M 56 M 23 Feb. 2654 Feb. 9 2754 Feb. 13 2654 Jan. 27 5254 Mar. 13 13 5054 Jan. 8 27 2654 34 Jan. Jan. 11 58 MN Nov. 23 3454 Mar. 10254 Jan. 31 75 M Jan. 23 954 Jan. 96 8 101 Jan. 2 9854 Jan. 2454 7% 27 22 22 28 19 8 19 15 17 1 8 17 13 May 29 21 97 54 June 11 102] June 20 103] 93 July 10154 Jan. 56 47 4 25 Mar. 654 Apr. 1254 Apr. 2 O 954 5 23 1754 Apr. 15 A 33 54 90 0 Jan 14 1054 Jan. 60 754 16 2 56 49% 2454 10M Dec. ! 7 55 J J 9 1354 Apr. 25 Jan. O M S 5 June M S J 8 Jan. 9 A J ! May 16 57 54 67 MN Dec. 4 8 9 16 June 10M Dec. : 9 Jan. Mar. Jan. Mar. Jan. 15 9 "40" 154 Apr. 22 / 14M 1654 14M 1654 13 54 Jan. 31 37 ! ! Jan. 2254 Jan. Jan. Sale 9 2 Jan. 3 73 8 : Dec. Jan. 9 10 154 Mar. 9 >54 Jan. 9 1154 Dec. ! 9 2 2 9 1M Mar. r Dec. 28 UH 7 28 954 954 956 8M 9M IV' 1154 Jan. 8 Jan. Jan. ! k 4 Jan. Sale 36 M Dec. Jan. Jan. 10 Jan. 154 Apr. 27 Dec. Jan. 101 8 IV r 10 Jan. Jig 1154 Dec. 11 6 Dec. ) 15 21 12 50% Sale 101M 107 73 Sept. 8 17 4 30 Jan. 3 3 Oct. Jan. 11 ' 3 Oct. 1 Jan. 2 2 ?% Nov. 10M Jan. 1054 Jan. 16M Jan. 1054 Jan. 1054 Jan. 1054 Jan. 1054 Jan. 1154 Jan. 1054 Jan. 954 Jan. 954 Jan. 101 Sale 52 24 % 25 25 Sale 31 96 10 2 Jan. ! June 10 10 10 2 1962 A "o W ithjdeclaration A(Cons Agric L'n) 6 Ms Jan. 10 A With declaration Dominican Republic s f 5 Ms Alst ser 5Ms of 1926 25 2654 Jap. 10 With declaration 1955 3 25 31 1951 MN 16 % —1944 M S 101M 1949 F- A 100 Tf454s external loan... 1949 F A 96 4 Mis external debt 1977 53 30-year s f 5 4s -1953 100 APublic Works 554s-_June 30 1945 75M AOzechoslovak (Rep of) extl 8s—1951 9% ASlnk fund 8s series B_, ..1952 9% Denmark 20-yr external gold£6s_1942 31% External g 4 Ms J an. 22Va Jan. Sale 30] 30] - External g 5Ms 25 14% Aug. 10 May 954 June 25 10M 7% 24 M ACologne (Germany) s f 654s.--1950 M S Colombia (Republic of)— a6s of 1928.. Oct 1961|A O a6s of 1927 Jan 1961J J ^Colombia Mtge Bank 654s 1947 A O ASinkingfund 7s of 1926 1946 MiV ASinking fund 7s of 1927 1947 F A Copenhagen external 5s 1952 J D Gold 4 54 s 1953 MN Cordoba (Prov) Argentina 7s—1942 J J ACosta Rica (Rep of) 7s Cuba Rep of) 5s of 1904 5s ext debt Ser A of 1914 8 11M Sale 11% 11% "UM 11% 11% Sale 11% 11% Sale 11% 11% Sa"le 11% 4 *54 Jan. 10 I54 Oct. 23 !% Nov. 4 Mar. 6 20 10 % MN June Jan. 15 sl7IeH May 78 83 M Jan. 94 Jan. 24 10 M 9M 9M 9M 9M 61 6 26M Jan. \h» 10 14 16 9 Jan. 20 1254 O 92 31 9654 Jan. 9354 Jan. 9654 Jan. 27 1 ^ O 07 June Jan. QV D June 72 May Jan. 9M D 83 2 30 10054 Jan. 92 Jan. 31 7M Nov. 18 24 D J a6s assented 13 69 23 25 D f 6548-1957 ——1957 --—1961 a6 94 8 assented 1961 AGuaranteed s f gold 6s 1961 a6 54s assented AGuar s f gold 694s 5,000! AHeidelberg (City) extl s f 7 M«—1950 Helslngfors (City) ext 6 Ms 1960 10 1963 MN 6s _ AS f secured 6s 25,000 10 10 % 16 2 28 25 2554 Sale 24M 10M 13 10 M Sale 1054 Sale 10M 10 54 23 25 28 Sale Sale 1962 M S AExternal sinking fund a6s assented. AChile Mtge Bank of gu s 25 54 10 h 10 54 10 1962 sinking fund 6s a6s assented AGreek Govt secured 7s.. a7s part paid "5"665 3,000 Jan 1961 J Sept 1961 M Sept 1961 M S a6s assented AExtl — 766,000 88,000 ~9",O55 195' 7s—--1950 f 8s sinking fund 5 Ms 1940 Customs Adm 5Ms 2d series..1961 5Ms 1st series 1969 5 M s 2d series 1969 ADresden (City) ext 6f7s 1945 El Salvador (Rep) 1st s f 8s A... 1948 ACertificates of deposit 1,000. Estonia (Republic) 7s 1967 1945 "4",566 Finland (Rep of) external 6s 1953 20,000 AFrankfort (City of) 8 f 6Ms.. Withjdeclaration 1,000 20,000 French Republic 7 Ms stamped-.1941 Withjdeclaration 13,000 7M8 unstamped 1941 8,000 External s f 7s stamped 1949 6,000 5,000 4,000 s July 1960 a6s Jan 1937 coupon on 1960 AFarm loan s f 6s Oct 1960 A O a6s Apr 1937 coupon on 1960 AChile Republic ext s f g 7s 1942 MN a7s assented.. 1942 MN AExternal sinking fund g 6s—1960 A O a6s assented ____1960 A AExternal s f gold 6s Feb 1961 F a6s assented Feb 1961 F ARy ref extl s f g 6s Jan 1961 J 3.000 22", 665 (City) ACent Agric Bank (Ger) AParm Loan s f 6s 10 h 24 M Jan. 92 54 Jan. 7754 Jan. 10 8054 Jan. 14 5854 May le—■ -78-54-Ja»"--i0 -8d54'""Jarrr~i'5 [t~SWHay - ACarlsbad 23 31 98M Jan. 90M Jan. 81M Jan. Sale July Jan. 90 Sale 65 Jan. Sale 92 79 — 90 M 100 83 1967 Sale 24 7 35 91% Jan. 15 38 10 8 78 8754 Feb. 13 1054 Mar. 18 Jan. Sale 7% 7% 1854 Mar. 8 1854 Mar. 8 1854 Jan. 25 79 Jan. 30 Jan. o0 8M Sh 1 8 52M Jan. 34 4M 7M Nov. 52 Sale 49 27 23 M Mar. 51 46Va Jan. 48M Jan. 49 1967 J J 1968 M N f 7s__ 2654 Nov. 20 754 June 10 Bulgaria (Kingdom of)— 3,000 1,000 5 Mar. 19 Jan. Jan. Jan. Jan. 5 Sale Sale 1 16 100M Apr. 1754 15% 15% 16 % 85 55 Sale 49 48 Nov. 31 13 53 54 Jan. of)— Readjustment 454-454® Refundings f 454-454® Extl readjust 454s-494s Extl s f 454-494 $ bonds 3 %s ext srnal s f I bonds 27 Jan. Jan. Jan. 6 5 24 June 28 51M Jan. 21% Jan. 18% Sale 15% Sale 15 54 Sale 1754 Sale 48 Jan. 12 53 26 Jan. 26 54 Jan. '24 "21" 24 84 15 102 M Mar. 19 26 25* 90M Jan. 654 Feb. 13 1254 Jan. 30 Jan. Jan. 14 13 Highest Sale Prices 91 Jan. 15 Jan. 43M 43 M 43% 43 M 49% 48% 20M 26 J 15,000 ABerlin (Germany) s 1 654® 1950 A O With declaration 2,000 40,000 AExternal sinking fund 6s 1958 J D With declaration 1,000 457,000 iBrazil (U S of) external 8s 1941 J D 397,000 AExtlsfg6^sof 1926 1957 A O AExtls f 654s of 1927 240,000 -..-1957 A O ACent Ry 30--year g 7s—-—1952 J D 333,000 13,000 Brisbane (City) s f 5s 1957 M S 16,000 Sinking fund gold 5s 1958 F A 14,000 1950 J D 20-year s f 6s 7,000 ABudapest (City of) 6s —1962 J D 33,000 338,000 75,000 33,000 Jan. Jan. Jan. Jan. 26 — External sf 7s 60M 60M 5354 854 8M Jan. 20M Jan. _ — 38~,666 5154 Jan. 50 1955*7 f 6s Sale Prices 39 June 12 38 June 11 34 June 53 Va Jan. Jan. With declaration. External Lowest Sale Prices 48 25 _ Highest Sale Prices Sale Sale Sale 8 1949 M 5 Belgium 25-yr external 654s With declaration 33,000 58 M 57 % 51H 6 54 Sale 54 RANGE FOR YEAR 1940 Lowest 1 As*! Ask Bid 54% IN JANUARY Jan. 31 48 1956 AfN Bavaria (^ree State) ext 6548--1945 P With declaration 1,000 37",000 5s Bid External loan 5sof 1927-- External g 4549 1928 iAustrian Govt s f 7s 2.000 20,000 EXCHANGE—BONDS 11 N. Y. STOCK EXCHANGE SALES IN Dec. 19*0 Y. STOCK 16 July 18 754 June 13 954 Nov. 13 754 May 15 58 7 27 Nov. 1 22 Aug. 2 2054 Mar. 18 2154 Apr. 24 1654 Feb. 24 Nov. 23 90 Jan. 18 May 27 27 Oct. 28 10 May 22 2254 Jan. 19 27 Nov. 23 75 Apr. 2 N. T. n. t. stock LX (Concluded) FOREIGN GOVT $ Hungarian Cons Municipal Loan— ASecured s f g 754« --1945 ASecured s f g 7s 8eptl946 ^Hungarian Land Mtge754s A--1961 a8 f7 54 s series B 1961 Hungary 7 Ms ext at 454 to—.—1979 ilrisb Free State external 5s_.—1960 11 7 7 32 1 4k 4h 84 391 205 1 iJugoslavla (State Mtge Bk) 7s_1957 iLefpzig (City) external s f g 7s__1947 k Lower Austria (Prov) 7 Ms 1950 kMedellin (Colombia) 6Ms 1954 2 21 32 (Prov) 4s readj 1954 Mexican Irrigation— a4Ms stamped assented-----1943 kMexfco (U S) extern 5s 1899 £-1945 a Assenting 5s of 1899 1945 AAssenting 4s of 1904 1954 a Assenting 4s of 1910 1945 * ATreas 6s of *13 assent 1933 93 kMllan City Vtendoza 5 21 141 224 468 54 ASec extl s 37 a Sec extl 8 kMontevideo (City) 7s a6s series A tfew South Wales ext s External s f g 5s 4 1 71 39 STorway 20-year 11 20-year 4, 28 External sinking 17, 33 External sinking 20 Sale 142 deb External 101 )slo 103 (City) 4Mb (Rep) 14, kPanama 16 AExtl 299 46, kPernambuco (State Jan.,16 Jan. Sale 63 k Sale 61 k Jan. 23 71 Sale 49 Sale 46k Jan. 23 8 28 21' 28 8M Jan. 26M Jan. Sale 8 Jan. 22 64 62 Sale 62 Jan. 30 854 Jan. 62M Jan. 28 16 4M Jan. 23 454 Jan. 4k Jan. 554 Jan. 30 30 31 30 Jan. 9 w„ 354 4M 4k 28 54 8% 8M 197 Sale 9 "l 70 65 56 52 63 M 60 51 Sale Sale 52 34 9, A1 54 Q 8 (City of) 8s -1961 7Ms.. — 1966 kPrague (Greater City) 7 Ms 1952 kPrussla (Free State) exts f 6 Ms 1951 AExternal loan 11 8 With declaration 2, 87, 70 71 6 118 56, 8, 1 36, 13, 37, 16, 60, 108, 695, 4, 1, 3, 16, 2, 6, 17, 3, 113, 20, 1, 5, 34M Jan. 32 Jan. 22 27 Jan. Jan. 18 46 Jan. 8 6 43 Jan. 10 Jan. Jan. Jan. Jan. Jan. 16 7 6 6 10 22 2 64 6254 Jan. 27 8 654 Jan. 754 7 382,' J 1958 F A D & Paper 1st 5s. .1953 J D 1948 M S 1947 J D 1946 F A 1952 A O tla Gt Sou 1st 1913 J D First cons 4s series B 1943 J D Jbany Perforated Wrap Pap 6s.1948 A O 6s with warrants assented 1948 .. Jbany & Susq lst guar3Ms 1946 A O 4 548 stamped Adriatic Elec Co external 7s cons .s ser A For footnotes, see nage 5s. .1944 F A 5s.-1949 J D -.1950 A O 30. 30 31 2 2 Jan. 14 Jan. 14 Jan. 354 Jan. 354 Jan. 14 14 9 3M Jan. 354 Jan. 29 22 3 Nov. 13 3 Jan. 14 3 Sept. 24 Oct. 30 18 854 Jan. 854 Jan. 8k Jan. 11 6 June 11 654 July 3 54 4 21 23 90 94 87 Jan. 2 96M Jan. 28 59 6254 Jan. 8 66 Jan. 17 June 27 Jan. 8 27 Jan. 8 8 Jan. 6 854 Jan. 754 Jan. 14 41M 15 5M 4M 9 26 21 26 9 21 ----- 8 Sale Sale 754 9M 8k 25M 17 k 16M 16 42 M 8k 854 954 2954 5M Jan. Jan. 3 15 23 32 Jan. 27 30 654 Jan. 5M Jan. 2554 Jan. 20 21 Jan. 27 27 Oct. 31 9 May 11 June June 1154 Mar. 1054 Mar. 11 11 1 1154 Feb. 5M June 12 5 June 11 7 June 24 27 June 12 10 10 8 Apr. 20 13 June 18 7 Jan. Jan. Jan. 3 2754 Nov. 27 Feb. 7 12 103 98 7 9 Mar. 9 Mar. 15 Mar. 12 12 61 12! Apr. 8 9' Apr. 10 2554 Dec. 31 80 Mar. 25 Jan. 9 2 Jan. 29 63 Jan. 3 5M Oct. 14 5M Nov 23 22 Sept. 27 53 M u? 2 954 Jan. 8M Jan. 15 30 June 12 12 Apr. 2 10 1054 Jan. 954 Jan. 28 June 14 1054 Apr. 1 Jan. 6 2754 Jan. 13 2 19 .3 19 4 6 54"" "56 54 954 1054 9 56 10 18 Sale 17 Sale Sale Sale 51M Sale 1754 Jan. 1654 Jan. 1554 Jan. 43M Jan. 2254 Jan. 2654 Jan. 17 4454 2254' Sale 21 9X 7 k 4 4 26 76 Sale 2354 Sale 7 54 7 3 54 354 21 6154 42 M 2154 48 M 54 - ----- Sale 3 k 354 50 M 4554 44 100M 103 10054 10754 22M 39 110M 10754 10854 - 954 Sale 354 Sale 23 M 7054 44 M 23 4954 1254 354 354 5554 Jan. Jan. 3 Jan. 23 15 - 31 2654 Jan. 2654 Jan. 3 754 Jan. 14 20 31 24 6 15 Jan. 17 54 Jan. 53 Jan. 21 13M Jan. 4M 4M 2054 12 M 854 29 8 8 8 20 7 3 9 June 9 31 June 17 5 4 4554 Jan. 10 2654 Dec. 28 1754 Dec. 31 17 Dec. 26 1554 Dec. 26 4354 Dec. 31 27 54 Nov. 27 2654 Nov. 18.. 1554 1454 554 554 27 87 40 M June Jan. 4 e70 21 13 12 24 18 11 6M Dec. 31 6M Oct. 30 11 3 M Oct. 3 Jan. 3M Jan. 354 Jan. 26% Jan. May June June May June June 12 63 Mar. 23 Mar. 19 Mar. 7 Apr. 16 Nov. 15 Jan. 24 Mar. 20 3554 Oct. 20M Jan. 6 25 Jan. 14 20 Dec. Apr. 11 46 Jan. 2 54 Jan. 10 39 Oct. Jan. 18 55 Jan. 18 52 M Dec. 19 62 54 July 65 Apr. 17 55 11 53 Jan. 30 42 'in 2' 63 Mar. 20 June 8 63 Mar. 20 41 21 41 15 - Sale 4254 Sale 43 Jan. 23 1254 Jan. 8 24 ----- 33 Jan. 18 3154 June 28 Jan. 10 34 June 27 Dec. Jan. 24 Aug. 1254 Jan. 8 May 14 254 40M 3254 June 26 20 44 54 3554 Jan. 3554 Jan. 41M Jan. 28 40 2 4254 Jan. 39M Jan. 36 3954 Jan. D c. 31 2 k Dec. 31 28 ----- 354 Sale 354 Jan. 57k Jan. 354 Jan. 49M Jan. 45 J an. Sale 45 10054 Jan. 10254 Sale 101M Jan. 10354 107 M 108"" 107 54 Jan. 28 2 48 52 34M 70 4 5054 Jan. ----- 52 41 754 Jan. 654 Jan. 354 Jan. 354 Jan. 2054 Jan. 11054 Jan. 11054 10754 10954 107 H Jan. 56 40 46 55 82 46 "54 M 82 5454 Jan. 54M Jan. 8154 Jan. 9454 Jan Sal3 95 83 54 Sale 855<rSale 60.M Sale 82 Sale 82 58 M Sale 58M Jan. June 4154 Oct. 48 54 Jan. 9 8 102 54 Jan. 8 103 Jan. 30 2754 June 9754 July 23 98 54 June 31 11 26 17 9 5554 Apr. 53 15 Mar. 18 5154 Mar. II 56k Apr. 16 56 May 23 51 Feb. 24 13 54 Oct. 554 Apr. 7 54 Jan. 3S 3 69 Mar. 26 60 Oct, 16 8 10454 Feb. 104 54 Apr. 27 2 10854 Jan. 16 10754 Jan. 7 100 27 110.M Jan. 10 109 Jan. 25 107M Jan. 6 58 Jan. 3 105 June 13 45 June Jan. 23 20 54M Jan. 20 ug. 61 Feb. 28 10 83 Jan. 24 6854 May 87 Jan. 18 97M Jan. 2 69 June Jan. 10 58 June 62k Jan. 10 2654 May 30 39 40 97M 12 2 26 46 27 Jan. 1154 Jan. 2 14 Mar. 29 8 Jan. Jan. Jan, Jan. Mar. 19 7 1154 Feb. Mar. 19 Oct. 18 10 8 10M 8 54 954 9)4 15 15 26 28 17 8 11 11 Jan. 2 Sale 49 M 3954 Jan. 27 60 49M Jan. Mar. Mar. Feb. Mar. Feb. Apr. Jan. 13 Jan. 16 5 23 21 8 Jan. 4 27 Sale 17 3M 354 24M ,!* 26 24 Nov. 22 27 27 18 <19 25 M Jan. 4 1054 9M 6M 6k 7 27 Jan. 22 8 Jan. Jan. 23 7 Sale Sale 954 Sale 26 31M 5M 754 24M 24M 41 k 18 7 10 Sale 1054 854 9)4 954 Sale Sale Sale 10M Sale 8 8M 25M Sale 60 M 62 10M 8M 9}4 8M 30 M 5k 5M ' Sale 8 1054 1054 854 1054 1654 954 754 6 June 65 8 Jan. Jan. Jan. 13 Sale 854 854 954 954 24 .llegheuy Corp coll tr conv Collateral and convertible a5s stamped 10 13 354 9 32 411, 278: Jan. 754 Jan. 754 Jan. 13 13" 1054 Mar. 11 11 Mar. 13 13 17 14 14 26 31 18 June June June June Feb. May June 754 Jan. 8 8 5 1254 41, 454 554 454 454 854 354 954 8 16 30 Jan Mar." 13 80 Jan 80 2154- June, Dec. 27 954 May Mar. 65 3954 Oct. Mar. 58 3754 Oct. Mar. 75 19 M June 9654 June 28 105 M Jan. 13 82 Apr. 5Qk ' u ? 74 M Jan. 50 Tune 26 16 60M Dec. 53 Sept. 754 4 II June 20 6M Jan. 6M Jan. Sale Sale 26 1, 27M 103M 7354 68k 65M 9 30 6 Mar.~l3 80M Mar. 13 20M June 12 8 Sale 25M 8 M 7% Mtge Bank 7s..1952 A O (City of) 6s 1952 M Ar Warsaw (City) external 7S---.1958 F A 6, 90 2154 Jan. Jan. Venetian Prov 12, 4 29 Jan. Vienna 5, 23 54 May 28 Jan. 6254 Jan. 40 t AAbitibi Pow 31 8 36 70 37 idams Express coll tr g 4s Collateral trust 4s of 1907 6 20 102 4154 1961 J 97M Apr. 9 72 43 M 40 M extl s f 6s 4 31 Sale 38 a4 Ms assented rokohama (City) 6 29 M May • 28M 654 654 97M Apr. 3 Jan. 104 654 654 89 33 21 25M 5 3 4 34 M Jan. 36M Jan. 24 39M Jan. 2454 Jan. 57 of 1937) readjustment-_-1984 J 3654 Jan. 3654 Jan. 2 22 Sale 38 external 11 Jan. 33 Sale 4154 3454 109, 11, 11, 51M Jan. 40 RAILROAD AND INDUSTRIAL COMPANIES 6, Jan. 35 M 3 Ms 193, 52 34 34, "8, Jan. June May 87 External conversion -1979 MN 3M-4M-4L.% extl conv—-.1978 J D 4-4 54-4 Ms external readj 1978 F A 22, 3, 52 10 25 M S AExternal sinking fund 6s—.1964 MN 354-4-4M % ($ bonds of 1937) External readjustment 1979 MN 36, 10, 52 2 Mar. 9 Mar. 8 Apr. 3 Mar. 20 Feb. 9 Jan. 30 15 4354 4 Uruguay (Rep) external s f 8s.-1946 F A AExternal sinking fund 6s 1§60MN M% ($ bonds 7 Jan. 42 51 3 51-4-4 29 354 46 257, 29 6 25M MN -. — f 5 Ms guar Jan. 26 4 1961 A O s 5254 3 54 754 854 external External 35 6 -2754—32 4 8 54 1950 J -1956 IVi a68 extl dollar loan 1968 J ASec s f g 7s 1940 A iSaxon State Mtge Inst 7s 1945 J ASinking fund gold 6 Ms-Dec 1946 J lerbs Croats & Slovenes (Kingdom)— a8s secured external 1962 MN a7s series B sec external 1962 MN J D iSilesia (Prov) extl sink fund 7s.l958 a4 Ms assented 1958 J D iSilesian Landowners Assn 6s—1947 F A lydney (City) s f g 5 Ms 1955 F A Paiwan Elec Pow 5 Ms 1971 J J ("okyo City loan of 1912 5s-,„—1952 M 5 117, 33 k June 16 454 1254 J 1953 F A a7s extl water loan 13 61 k Jan. Jan. 8 D Sul (State of)— a8s extl loan of 1921 1946 A O a68 extl sinking fund gold 1968 J D a7s extl loan of 1926 1966 M iV a7s Municipal loan 1967 J D iRome (City) external s f 6 Ms-1952 A O iRoumania (Kingdom of) 7s—1959 F A a February 1937 coupon paid iSaarbruecken (City) s f 6s 1953 J J lanta Vv extl s f 4s ---- - 19b4 M S lao Paulo (City of)— a8s extl secured s f 1952 M N a6Ms extl secured s f ---1957 M N ian Paulo (State of)— *a8s extl loan of 1921 1936 J a8s 123 Jan. 53 64 k Jan. 3 854 8 54 854 2154 26M 20M Ho Grande do 36 8 32 — AExternal sec 6 Ms 160 6 54M Jan. 51 k Jan. 5154 Jan. 51 Jan. Sale 354 25-year extl s f 6s iRhine-Main-Danubedeb7sser A 50 M S kRio de Janeiro (City of) 8a 1946 A O 5 4 12 54 1254 71M 71M 9054 Sale 7 754 1 24 15 9 4 k June 12 4k June 12 Jan. 20 40 Jan.. 19 44 2 20 Sale 6 30 454 Nov. 26 1 Jan. 9 454 Nov. 26 4 k Nov. 26 4 54 Nov. 28 4M Nov. 20 3 5354 Jan. k Apr. Jan. Jan. Jan. Jan. Sale 22 July 9 3 13 18 9 Tan 4 k June 14 M Feb. 13 k Jan. 8 23 June 12 8 28 Jan. 3 54 -..1952 A O f7s-. 1941 A O Feb 15 1947 F A 49 Jan. Jan. 1554 14 M 8254 k 9 9 27 5 June 7 53 23 33 31 1 ASinking fund gold 6s Queensland (State of) ext s 40 1254 Mar. 14 12 Sept 23 954 Jan. Sale 5k 1947 A O 1968 A O .1950 J J 1963 J J 28 24 Sale 4 k 4 O 1958 A O kPorto Alegre 7 12 7 k 7 k 1959 M S 1754 Oct. 44 k Oct 58 Jan. Sale 36M 103 104 54 102 66 M 64 62 M Sale 60 59 ?4 f 6s.-.-1960 J D f 6s 1961 A O 10 4 J4 Jan. Sale Sale 9 M»r Jan Apr July Jan. Nov. June Feb. Apr. May 28 30 33 7k 54 4 57 21 6k 7 k 78 k 13 8 6 33 Sale Sale 26 13 10 24 36 1947 M 8 assented Jan. 36 4254 41M 23 M June 53 54 33 26 3 54 51 25 Jan Sale 51 "2-7M--32": 72 59 52 57 M 5454 -. 12 70 Sale 52 Sale 9 June June 1 8M Jan. 8M Jan. 854 Jan Jan. 3 9 92 91 k 70 11 18 15 13 6 Jan. Jan. Jan. Jan. 28 iy' _.8.M 54 "35~" aIMs assented AExternal s f 8s 13, 354 3 54 3M 454 18 Apr. 55% tan. 8M Jan. 26M Jan. 8 18 15 32 H Nov. 28 29 )4 Jan. 3 54 Jan. 4M k 8M 31M a I Ms assented iStabilization loan 7s % ----- Sale 50 29 4M Sale 4k 4H 4 k Sale 454 28 M Sale 3 Vs 3 k 3 k 3 H 3 Vs k 4 3M 3% 44 % Jan. Sale 7 K 13 3054 (Rep) Sec s f g 7s ANational loan ext s ANational loan ext s 'aPoland (Rep of) g 6s 290 23 46 k O of) 7s 34 M 25 3054 — - - - iPeru Juiy 8 MA Q J A 42 45 8 fund 454s—1965 A 47 14 60 M J D F A M S 554s— -.1958 MiV extl sink fund-.1955 A O external 5MS--1953J D r 58 ser 14 7 J J J May 15 1963.MN iStamped (assented) 1963 MN iCtfs of deposit (series A 1963) — 8 8/ 23 54 Jan. Jan. 65 31 Jan. 24M -Municipal Bank ext I f 58----1970 i&uremberg (City) external 6S--1952 Iriental Development 6s --1953 12" Jan. 65 M 45 loan--—1963 F A 29, 20 65 63 54 53 7 A O F ---- Sale 23 1944 F A 4s sinking fund extl With declaration.. 24 Jan. With declaration 95 Dec. 21 ,!» 6 23M Jan. fund 454s—1956 M S With declaration 23 32 With declaration 33, . 14 Dec. Sale - external s f 6s 9 k 4k Dec. 29 1943 F A ext s f 6s With declaration- 14, 10 16 o0 -1958 M S 1959 M 5 1952 J D 1959 M N 5s—1957 F A 1958 A O fg Jan. 30 Sale Brazil)— (State of, f 6 Ms f 6 Ms 5 5M 5M 5M Sale Prices 10k Mar 9M Mar 9 Apr 9 Apr. 12 Dec. 5 1940 Highest . Sale Prices 23 23 23 Sale Q J J D J J J J (Italy) ext loan 6 54sl952 A O Unas Geraes 23 6 5M Jan. 554 Jan. 654 Jan. 23 M 2854 iltalian Ored 11 5H Jan. 5k Jan. 63 k 45 M (Kingdom) extl ■ Consortium 7s B_. 194/ M 8 iltalian Public Utility • f g 7«--1952 J J rapanese Govt extl sf 654® 1954 F A Extl sinking fund 554«-1965 XfN iTtaly 487 7 23 F A M A' f 7s—-1951 J U Highest Sale Prices 5M 5M 5 MN M N 5M 4 J J J J Lowest Sale Prices 5k 5 k Ask Bid Bid Lowest Ask Jan. 31 Jan. 2 exchange RANGE FOR YEAR JANUARY IN PRICES BONDS I. 21 EXCHANGE-BONDS STOCK May Dec. 2 8014 Feb. 11054 Nov. 16 10854 Apr. 23 60 ' 30 Jan. .31 30 86 97 54 Nov. 15 Dec. 31 86 9 6354 Dec. 22 N. Y. STOCK EXCHANGE—BONDS SALES IN Dec. 1940 BONDS Jan. 1941 PRICES IN JANUARY N. Y. STOCK EXCHANQK Jan. 2 Bid 5,009 Allegh & West 1st g guar 4s 1998 31,000 Allegh Valley gen gu 4s. 1942 HAllied Stores Corp deb 4 Ms—1950 117,000 4Mb debentures 1951 A Ask Bid 68 M O M S 103 h 103 % 107 Sale 54 M 104 M Sale Sale 103 Sale M 5 M 35,000 50,000 683,000 760,000 238,000 279,000 76,000 40,000 212,000 34,000 —-.70,000 670,000 463,000 2,199,000 912,000 974,000 1,211,000 4,033,000 350,000 478,000 276,000 MN J J MN July 1 A 1909--Conv g 4s of 1905 Conv g 4s of 1910 1995 1955 1955 1960 109 % O J D 53% 103% 101 % Sale Sale Sale 53% Jan. 103M Jan. 101% Jan. 60% Jan. 15 23 104M Jan. 31 103 Jan. 2 104 Sale 103 2 332Jan. 108 M Sale Sale 108 Sale Sale 108M 105% 108 M Sale 109 % Sale 106 104 Sale 3 108M Jan. 107% Jan. 105% Jan. 17 108 109 Jan. Jan. 30 106 32 33 M Jan. 34% 32 45 50M 52 50M Jan. 99 M 99 100 98% Jan. Sale 105 H Sale 105M Jan. Sale 105M Sale 105M Jan. 9 100 109 Vs Sale 55M Jan. Jan. 27 M July 91 Jan. Sale 3 110M Jan. 8 92 M Jan. 27 90 Jan. 2 100 Sale 98 % 98 % 28 Sale Sale 98M Jan. 98% Jan. Sale 111 M S 110 J D J J 111 112 112 98 M 21 Jan. 2 ser M 89 % 101M 100M 75 Sale 77 M 63 % Sale 63 M 80 % Sale 80 % 70 Sale 73 M 30 36 36% B 1st mtge gold 4s AO July 1948 Stamped modified bonds— 1st mtge g (interest at 4% to Oct 1 1946) due July 1948 Sale 69 M Sale 69M Jan. 31 31 O 71 Sale 70 Sale 69% Jan. J 1 1-5% to Dec. 1 '46) due.1995 Ref & gen ser D (interest at 1 % to Sept 1 1946) due 2000 Ref & gen ser F (interest at 1 % D 37 Sale 40 M Sale 36X Jan. J D 41 M S 37 % 45 Sale 52 % Sale 46 93 % 49 Sale 48 1947 86,000 Debentures gold 5s 1950 73,000 Is* lien & ref. 5s series B 1957 45,000 Buffalo Gen Elec 4 Ms ser B--..1981 3,000 Buffalo Niagara Elec 3 Ms ser C. 1967 Buffalo Rochester & Pittsb'gh Ry— Stamped modified (interest at 3 % to Nov 1 1946) due... 1957 ABurl Ced Rap & Nor 1st 5s_.l934 ACertificates of deposit Bush Terminal Co 1st 4s_ Canadian Nat gold 4Ms. Gu iranteed gold 5s Guaranteed g 5s Guaranteed g 5s Guar gold 4Ms see 9 41 M 70 Sale Sale 27 21 A O J 79 % 71% J 70 MN F A J D MN A O 1966 1962 1969 75 M 78 82 73 M 72% 18 % Sale 9M Sale 109M 110 10M 109M 103 25M 25 112 -~ 113 % 95 M Sale 105% Sale 111 Sale Sale 108 % 107 M 85 91% 94 M 95 M 94 % ~ 22M 26M 25M 25 M 22M Sale 84 110 M 113 94 102 96% 94 M 95 M 96 78 65 33 45 77 102 73 % 68M 42 M 40 61% Oct. 29 32 29 46X June 60 Oct. 7 89 June Jan. 3 14 101 Dec. 18 46 Dec. 70 72 Jan. Jan. Jan. Feb. 16 47 55 84 June 10 113M Jan. 30 137M Jan. June Jan. 29 13 Jan. 112 27 Jan. Jan. 13 11 28 27 Jan. 22 107 Jan. 8 7 2 45 2 13 7 72% Mar. 6 9 117% Feb. 136% Dec. 17 June 8 26M Jan. 25M Jan. Nov. 49% Mar. 13 127 H June 26 M 8 16 6 Apr. 67% Sept. Jan. 14% Sept. 13 27 % Nov. 27 11M May 11 27% Nov. 8 13X Aug. 12 27% Nov. 4 11 8 9 100 May 99 June 22 105Vs 22 108M Jan. Jan. 108 15 102 Jan. 92 Jan. 102 6 11 66X 27 13 11 Jan. 15 3 104 109M Jan. Jan. liiiH 110% Jan. Sale 113 94 Sale Sale 44M 3M 3M 68% 41% 67 M 67 Sale 107 86 Sale 92 95 Sale 94 95 97 Sale 80 77 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale Sale 41 2 MX Jan. 30 20 109 X 107 X 9 25 X 48 Jan. 5 Jan. 27 6 5 Jan. 27 6 74 Jan. 24 2 47 Jan. 27 69 M Jan. 3 108 Jan. 9 3 4 107% 113% 115% 98% 07% 112% 109% 84 102 10 2 30 6% 111 31 -4 A 17 105 108% Jan. 10 2 May 2% Dec. 2% Dec. 65 X July 32% June 46% June 100 May 89M Jan. 15 65 94 14 72% June 75% June 75% June 74% June 72 X June 72 % June 71% June Jan. 96 X Jan. 97 X Jan. 97 Jan. 14, 28 30 9 96 Jan. 28 7 94 Jan. 21 7 94 Jan. 3 106 2 57 Jan. 18 87 Jan. X Jan. 13 4 Jan. 14 3 103 Jan. 3 75X Jan. 3 70 X Jan. 29 June 31 Jan. Jan. Jan. Jan. Jan. Jan. 80 16 43 Jan. 3 106X Jan. 4 101X Jan. 7 53 Jan. 20 99 X Jan. 29 28 14 11 90 10 40 June June 28 30% Jan. 29 24 28 4 Jan. 6 9 93 X Jan. 20 X Jan. 28 6 Jan. 10 Jan. IX Jan. IX Jan. 7 Jan. Jan. 18 6X Jan. 3 14 June May 57% June 87% June 54 May 48 May 35 July 102% Oct. 98% Nov. 73 X June 8% Jan. Jan. Jan. Jan. Jan. Jan. 14 15 2 29 29 27 21 28 Nov. 19 26 19 Oct. 76 Aug. 1 79% Dec. 31 76 Aug. 2 74% Aug. 5 23% Aug. 3 12% Apr. 3 110% Nov. 19 88 % 27 109 11 69M Jan. 64Vs Jan. 105M 105M 106 106M 105H 99 M 101% 100 102 100 47 52 M 47 53 52H 99% Sale 98 M Sale 97% 88 M Sale 93 Sale 88 16 20 M Sale 29M 17X 20 M 30 24 M 28M 4% 7M 6% Sale 5% 1M 1 Vs Sale 1% 1M 1M Sale 1% lk IX 6 4M 6 6 7M 7 4% 5% 5X 9 104 Jan. 22 111M Jan. 13 113M Jan. 31 95 X Jan. 10 106 X Jan. Jan. 102 % 101M Jan. Sale 8 Jan. Jan. Jan. Jan. Jan. 101 40 X 25X Jan. Jan. 109% Oct. 41% 41% 27 107 Oct. 22 2 Jan. June 79M Jan. 3 Sale Sale 27% Nov. 12 112 Apr. 9 108% Dec. 17 105% Dec. 31 June 4 81M Jan. 75 June 103% May 21 106 Jan. 22 104H Jan. Sale 87 M Sale 13 85 Jan. 77 H Jan. 72% Jan. Sale 107 M 86 M 95 M 93 Sale 94 37% Nov. 18 61M Jan. 4 5 Sale Sale 15% May*21 7% May 21 10 4M 3% 73 68 10 37 14 Jan. Jan. Jan. 106M 107 105M Jan. 111 % Sale Ill Jan. 108% 109M 108% Jan. 44 % 65 25 Jan. 44 M Sale Jan. Jan. Jan. Jan. Jan. Sale Sale 70 Sale 68 M 75% Nov. 15 37% Nov. 15 68% 18Vs 9M 108M 78 Sale Sale 3% 70 M 75 95M 93 94 93 % 93 91M 92 M 93 M 91 Vs 92 M Sale 92 % Sale 91M 103 M 104M 104 105 104M 52 Sale 54 M Sale 52 76 May 22 15% May 21 - 103 111M 63 24 3 Jan. 107 105% Sale 105M Jan. 107M 105 105M 104M Jan. Sale 101 % Jan. 101% Sale 106 105 Sale 104M Jan. 108M 108% Jan. 102 100 101M 100% Jan. Sale 44% 3M 3M 68% 41 % 84 Sale 21 72 2 45 104 % 22M 106M 106M 104% 105M 108 Vs 100% Jan. 112% 112M Jan. 134M 135M 135 Jan. Sale 21 O 45 85 Sale 30 % July 1969 page 30. 47Vs Jan. 47M Jan. 54 Vs 54 26 M Guaranteed gold 4Ms 1956 94,000 Guaranteed gold 4Ms 1951 69,000 Canadian Northern guar 6 Ms 1946 302,000 Canadian Pac 4% deb stock 56,000 Collateral trust gold 4 Ms 1946 74,000 5s equip trust ctfs.. ..1944 103,000 Collateral trust g 5s 1954 83,000 Collateral trust 4%s._ 1960 29,000 t ACarolina Central 1st gu g 4s__1949 182,000 Caro Clinchfield & Ohio 4s 1965 M S 22,000 Carriers & GemCorp deb 5s w w_1950 MN 10,000 Carthage & Adir 1st gu g 4s 1981 J D 444,000 Celanese Corp of America 3s 1955 151,000 Celotex Corp deb 4Ms w w 1947 10,000 ACent Br Un Pac 1st g 4s 194S 6,000 { ACent of Ga Ry 1st g 5s.-Nov 1945 137,000 *AConsol gold 5s__ 1945 MN 78,000 ARef & gen 5%s series B 1959 A O 303 .000 ARef &' gen 5s series C 1959 A O 2,000 AChat Div. pur money g 4s 1951 J D 20,000 AMobile Div 1stg 5s 1946 J J For footnotes 30 25 1957 _ 2 Jan. A 196' 1970 -June 15 1955 Jan. 90 F 1955 Oct 52 90 Vs Sale 25 1952 Consolidated 5s Bush Term Bldgs 1st 5s gu Calif-Oregon Power 4s Canada Sou con gu 5s ser A Sale D D 55 55M Jan. Sale 84 113 H 136 105 MN 16 25 74% Nov. 15 49H Jan. 58M Jan. 92M Jan. 2 47 M 55 % J J 73Vs Jan. 10 19M Jan. 90 45 _ A MN 56 X June 44 57M Jan. 1st lien & ref 6s series A 13 42% Dec. 31 61 48,000 Brooklyn Union Gas Co 1st g 5s 1945 7 37% Nov. 18 58 M 1950 73H Jan. Feb. May 21 Sale A 13 11 41 34% Feb. 9 76% Nov. 12 102 M MayJL, IK 82 Jan. 12 96% Oct. 25 18 36M Jan. 14% Jan. F 13 10 23 15% May 21 Sale MN F A 55 May 29 28 May 24 23 M June 11 62 M May 22 25 Sale MN 41 28 28 27 17 3,000 Brooklyn Union El 1st 5s 29 28 28 48H Jan. 57 M S 63% Dec. 31 80% Dec. 31 70% Dec. 28 92 43% Jan. MN M May 31 61M May 22 111% Nov. 22 Jan. 25 114 Jan. 25 Mar. 5 99 Nov. 13 93 June 18 101% Dec. 12 64 M May 24 77 Jan. 4 10 41M Jan. Ref g 4s extended to 1951 S'western Div 1st M (Interest at MN 105% Apr. 4 102% Dec. 16 111% Oct. 16 36% Jan. 39 M 164,000 Consol mtge 3s series G —1960 180,000 Consol mtge 3%s series H 1965 1,000 Big Sandy Ry 1st mtge 4s 1944 44,000 Blaw Knox Co 3 Ms. 1950 Boston & Maine RR— 197,000 1st 5s series AC 1967 21,000 1st mtge 5s series II 1955 60,000 1st g 4Ms series JJ 1961 351,000 1st mtge 4s series RR ; 1960 2,475,000 *Inc mtge. 4%s series A.July 1970 34,000 t ABoston & NY Air Line 1st gu 4s '55 79,000 Bklyn Edison cons mtge 3 Ms—1966 Dec. 24 Apr. 25 22 21 24 28 Sale Sale A Dec. 18 Dec. 24 Dec. 31 Dec. 10 Sale Sale Berlin Elec Elev <fc Undgrd Rys— Alst 6Ms 1956 309,000 Bethlehem Steel 3Ms conv deb._1952 91,000 Cons mtge 3 Ms ser F 1959 3 Nov. 20 Dec, 14 45% 15 A 3 May 39% 36 % J May 99 May 108 May 104 % May 26 Jan. Sale M S F A 196' 100 11 23 23 Sale Sept 1 1946) due. 1996 iConvertible due. ...Feb 1 1960 Pgh L E & West Va System — J Jan. 23 100 90 M June 12 100 95 Jan. 2 96 Jan. Oct. Feb. 44M Jan. A Ref & gen ser A (interest at 1 % to Dec 1 1946) due 1995 Ref & gen ser C (interest at to 70 % 92 2 Nov. 15 Nov. 14 114 99 Sale 99M Jan. 31 99 M Jan. __._1944 J J 101M 100M Jan. 9 101M Jan. Vtl Coast L 1st cons 4s July 1952 M S 74 J an. Sale 3 79 Jan. General unified 4 Ms series A. .1964 J D Sale 61M Jan. 4 67 Jan. 10-year coll trust 5s—May 1 1945 MN Sale 79% Jan. 8 83 M Jan. L & N collat gold 4s Oct., 1952 MN Sale 68% Jan. 6 75 Jan. Atlantic & Danville 1st g 4s 194s J J 38 M 34 Jan. 3 38 Jan. Second 4s J 19K J 28 31 32 33 M 31 Jan. 3 Vtl Gulf & W I SS Line coll tr 5s. 33 M Jan. J 1959 J 75 M Sale 82 85 75M Jan. 3 85 M Jan. Vtiantic Refining deb 3s. 1953 M S 105% 106 % 106 Sale 105Vs Jan. 4 106 M Jan. Austin & N W 1 st g\5s guar-~r:_ 1941 J"-*«f 96M^9ffM '99M~S®le 96MJan. —3 -9&% Jan. Baltimore & Ohio RR— 30-year 5s 101M May 21 109 77 M June 11 88 76 M June 11 91 15 Jan. 96 23 104 Jan. 3 2 101M Jan. 14 22 112 Jan. 22 30 111M Jan. 13 Jan. ----- Jan. 21 Jan. 110% Ill 110 28 Jan. 31 100 31 101 ----- 112M 112 93 8 4 Apr. 41 30 May 22 50 97 M Apr. 99 % 9 95 M May 28 106 95 May 28 106% 31 106M Jan. 108% Jan. Feb. Oct. 26 32 Jan. Jan. 30 106 111 104Me Dec. 31 109% Jan. Jan. 35 Dec. 5 Apr. 13 Dec. 11 Dec. 30 104 May 22 111 103 M May 28 110% 93M Sept. 11 107 96 May 22 110% 102 May 25 107% 2 11034 Jan. 7 68% 107% 102% 103% Aug. 14 68% Apr. 3 100 M May 22 105% Mar. 18 91 June 3 105% Apr. 1 Jan. 8 Highest Sale Prices 44 2 91 91M ----- M 4 30 104Me Jan. 7 110 Jan. 20 109M Jan. 104 Sale 22 Sale 100 4Mb A..1944 1st Belvidere Del cons gtd g 3 Ms—1943 10,000 ABerlin City Electric deb 6MS--1951 1,00<1 With declaration 7,000 iDeh sinking fund 6Ms 1959 5,000 With declaration. 17,000 iDebentures 6s 1955 104% Jan. 24 107M Jan. 2 95M 95M 96 Jan. 103 H 104M 103 M Sale 103M Jan. 100 M Sale 101M 101% 100M Jan. Conv deb gold 4Ms 1948 Rocky Mtn div 1st 4s A 1965 Trans-Cont Short Line 1st 4s gl95w Cal-Ariz 1st & ref 4Ms ser A..1962 Vtl Knox & No 1st g 5s 1940 Vtl & Char Air Line 1st 6,000 Beech Creek Extec lstg3%s—1951 150,000 Bell Telephone of Pa 1st 5s B —1948 133,000 First & ref 5s series C 555,000 124,000 104,000 18,000 138,000 54,000 131,000 64,000 46,000 105,000 106,000 19,000 25,000 37,000 Sale 90 MN _ 20 ,000 Sale Price 9 69 Jan. 9 15 104 Jan..16 Jan. 103M Jan. 106 M 106% 106% Jan. 1046s2 Sale --- Stamped 4s 104 S M S 3M% to Jan 1 1947) due. 1950 J Toledo Cin Div ref 4s A 1959 J 35,000 Bangor & Aroostook RR 1st g 5s 1913 J 95,000 Con ref mtge gold 4s. J 1951 145,000 4s stamped J 1951 Battle Creek & Sturgis gu 3s 1989 J _ Sale Lowest Sale Prices 59 Jan. 17 103 H Dec. 18 99 June 5 89 June 17 106 M May 15 17 M Jan. 20 Sale Prices 69 103 A 1966 J D 109M 11,000 Am Type Found s f debs 2 M -5s 1950 J J 106 88,000 Amer Water Wks & El 6sser A..1975 MN 109 46,000 Anaconda Cop Miusf deb 4 Ms-1951: A O 105M Anglo-Chilean Nitrate— 49,000 ^Sinking fund income deb 1967 Jan 31 25,000 {Ann Arbor 1st g 4s July 1995 Q J 48M 6,000 Ark & Memp Bdge & Term 1st 5s '64 Af S 99 246,000 Armour & Co 4s s f ser B (Del).-1955 F A 105 % 201,000 1st M r f 48 ser C (Del) 1957 J J 106 M Atchinson Topeka & Santa Fe— 609,000 Gen g 4s -1995 A O 109 20,000 Adjustment g 4s July 1 1995 Nov Conv g 4s of Ask Highest 104 M 103M 104 M 103% Jan. O F RANGE FOR YEAR 1940 Lowest 69 A 238,000 Allis-Chalmers Mfg conv 4s 1952 iAlpine Montan Steel 7s 1955 852,000 Amer & Foreign Power deb 5s 2030 166,000 American I G Chemical 5Ms-- -19*9 46,000 Amer Internat Corp conv 5 Ms.. 1949 American Telephone & Telegraph— 345,000 20-year sinking fund 5 Ms 1943 256,000 3 M s debentures —1961 307,000 3 Ms debentures 225,000 28,000 104,000 1,000 211,000 20,000 3,000 27,000 Jan. 31 Dec. May X Dec. % Nov. 4% Dec. 4 May June 3 Jan 3 Apr. 20 Apr. 8 Oct. 24 Jan. 2 30 Oct. 46% Dec. 18 7 Jan. 6% Jan. Aug. Aug. 68% Dec. 107% Nov. ■ITA 31 12 7 23 24 30 Nov. 13 103% Jan. 2 106% Jan. 107% Jan. 107 Jan. 105% Jan. 103% Jan. 103 Jan. 93 113% 69% 89% 108% 84% Jan. Apr. Apr. 8 Jan. 11 Mar. 20 79 Apr. 6 45 May 14 105% Nov. 15 101 53% 99% 90% 19% 30% 7% 3% 3% Dec. 7 Nov. 20 Nov. 26 11 Jan. Apr. 3 Jan. Jan. Jan. 9 2 Jan. 4 Feb. 16 4% May 1 8 5 EXCHANGE-BONDS N. T. STOCK FEB., 1941] M Dec. 1940 N. Y. STOCK 1941 Jan. 1*6 EXCHANGE Ask Bid 107 Bid ? s S 109 M 11,000. Cent Hudson G & E 1st & ref 3 94. '65 Centra] Illinois Light 394s 1966 A J 91,000 t iCentral New Eng 1st guar 4S--1961 1987 J 234.000 IiCentral of N J gen g 5s 80,000 77,000 537,000 25,000 1,865,000 82,000 1,000 264,000! 15,000 12,000 65,000 395,000 221,000 110,000 281,000 262,000 403,000 397,000 329,000 283,000 iGeneral 4s_ — — 354s Cent Pac 1st ref guar g 4s Through St L 1st gu g 4s Central N Y Power .1987 1962 1949 13 Sale 1494 J 1294 Sale A 0 107 A 6594 Sale F Sale 65 A J Sale' Sale 105 109 84 -1977 -----1971 6S-.-1934 7194 A 7894 O 12494 F A 269,000 307.000 J AChic Mil St P & aCoqv adj 5s I AChic & No A 75 -0-£an gen 3 94s ---{98/ Pac mtg 5s ser West 4,000, 390,000 F 94 Sale Sale ----- 1594 413.000 415,000' 1,412,000 t AChic R 1 & ACertificates of * ARefunding gold ACertificates of deposit-t 1934 deposit- ♦ASec gold 494s series A ^Certificates of deposit AConvertible gold 494s Chic S L & N O Gold 394s Memphis Div "2,666 Income guar 1st & ref^-1960 Dec 1 I960 Chicago Union Station— Guaranteed 4s------1944 1,000 1st mtge 394s series E --*963 202,000 3 94s guaranteed— 1951 96,000 1st mtge 394s series F---——1963 172,000 416,000 Chicago & Western Indiana 1st & ref mtge 4>4s ser D 1962 169,000 113.000 Childs Co deb 5s. 56,000 tAChoc Okl & Gulf consol 5s---1952 60,000 Cine Gas & Elec 1st mtge 3948-1966 1st mtge 394s---2,000 1942 5,000 Cin Leb & N 1st con gu g 4s Cincinnati Union Terminal MN J D J D 3 94s series 21,000 188.000 219,000 382,000 Inc deb reg w w 97,000 427,000 8,000 12,000 105,000 216,000 117,000 84,000 177,000 81,000 51,000 45,000 140,000 Sale Sale Sale Jan. 2 Jan. 3 2 20 Jan. 3 21 Jan. 9 20 Jan. 21 3 Jan. 4 1094 Jan. 194 Jan^ 2 30 Jan Jan. Jan. Jan. Jan. 20 11 2494 13 94 1394 13 94 294 3) 49 4294 1494 1394 794 3 Jan. Jan. Jan. Jan. 6 2 Jan. 2 3 108 Sale 108 Jan. 10594 10694 103 10194 Jan. Sale 8994 Jan. Sale 92 9194 Jan. 92 9394 Sale 3294 Jan. Sale 34 Sale 994 Jan. 10 1294 994 10894 10994 10894 Jan. Sale 10994 Jan. 10994 10994 Jan. 10694 10594 10694 106 Sale 102 Sale 9094 9194 34 94 894 109 94 10994 10594 108 MN 110 F A 113 84 76 80 7994 80 88 85 J 57 Sale J A O A O J MN J 5294 7694 10994 10694 10494 10394 HConsolidated Oil conv deb 394sl9si ^Consolidated Ry deb 4s___-_1954 ADebentures 4s J&J 1955 6194 Jan. 5194 Jan. MN MN A O J J A O M ADebenture 4s. ---.—-1956 Consolidation Coal 8 f 5s 1960 48 40 9 103 3 104 Jan. 3 10794 Jan. 20 104 Jan. 93 3 21 9494 Jan. 29 Jan. 20 1394 Jan. 3 10994 Jan. 10 10994 Jan. 28 17 10 4 Sale 36 3 4 106 Jan. Dec. 13 9994 July 23 104 94 3 9594 May Tune 11 87 9 1 June 9594 Mar. 87 59 Apr. 6 29 "vug 27 1354 Apr. 27 Dec. 26 Nov. 25 105 94 May 25 111 4 109 94 July 23 11194 Apr. 105 31 11094 Jan. 27 113 H Jan. 17 3 Jan. 20 14 92 75 9 80 Jan. 3 51 Jan. 70 4 61 21 17 105J4 Jan. 9 10594 Jan. F A May 7 Jan. 2 41 117 105 J Jan. 18 Sale 8494 Jan. 3 90 Jan. 28 Sale 74 Jan. 3 Sale 68 Jan. 2 7894 Jan. 7294 Jan. 18 28 Jan. Jan. 104 10494 Sale 104 116 11494 Jan. 107 Jan. Sale 3 May 18)4 Jan. 12 Nov. Jan. 9 Jan. 10 29 10594 Jan. 2 25 106 18 106 14 11494 Jan. 14 Jan. 30 108 4394 Jan. 7 31 11 10994 Jan. 10994 108 94 Jan. 10994 10894 10994 10394 Jan. 10494 10494 105 10494 Jan. Sale 10594 Sale 23 10994 Jan. 31 112 Jan. 104 Sale 104 10694 Sale 10694 Jan. Jan. 3 10514 Jan. 3 10894 13 106 Jan. 3 10594 Jan. 31 10894 Jan. 19 1794 1994 Sale 10594 1894 14 22 Jan. 10 2094 Jan. 27 13 June Jan. 10 11 June Jan. 8094 Jan. 14 5594 Feb. 1894 2094 74 7794 76 Sale Jan. 10694 Jan. 10594 Jan. Sale 18 Jan. 1994 1794 Jan. 1894 Jan. 19 2794 Oct. 106 54 May 10994 May 88 94 May 11594 May 11 10894 May 7 107 May 13 103 94 May 28 104 94 May 17 103 May 10 10554 May 24 Sale 21 Oct. 22 Jan. 13 Jan. 11 May 15 Jan. 3 Jan. 19 July 23 10594 Apr. 19 11494 Apr. 8 106 May 9794 May July 113 11094 May ----- 25 Oct. 13 10 10894 Jan. 17 11994 Jan. Sale 9994 May 99 8 24 Oct. 2 10794 Dec. Sept. 27 83 4 34 94 Jan. 10554 Oct. 25 .Tune 65 3 108 5694 May 10254 Oct 10794 10654 83 94 9094 82 94 7454 May 13 18 18 7 107 Oct. 24 Oct. 10654 Jan. 10994 Feb. Oct. 7 10694 Jan. 8 8594 Jan. 30 Nov. 57 10694 Dec. 103 94 Uig: 66 May 72 May 64 Nov. Nov 18 78 11094 Dec. 30 10894 Jan. 29 10694 Sept. 107 94 July 106 54 May Sale 2494 1694 1694 694 80 3894 Jan. 10494 Sale 10894 109 D 106 10 10794 Jan. 11494 Jan. 117 109 94 Jan. Sale 99 108 94 103 82 Sale 104 39 Aug. 21 5894 May 10994 Feb. 10894 Sale 11594 Sale 99 94 Sale 10794 108 J 37 104 11294 11294 Dec. 30 9 7 Jan. 11 10694 10594 Jan. 8094 Jan. Sale 1394 Jan . 1394 Sale 104 Jan. 10494 Sale 10794 Hi* II* 43 94 June June 50 10794 Jan. Jan. 56 77 94 Jan. 10994 Jan. 5494 Jan. 5594 5 11094 Feb. .Tune 5694 Jan. 22 13 83 114 10594 Dec. 18 June 91 Jan. 107 8894 77 94 7194 10794 10594 Aug. 104 94 June June 107 10794 10694 10794 8594 8494 7494 Sale 6894 Sale 10794 10694 107" 8194 Sale 1494 Sale 10594 Sale 105 94 105 94 Sale" 11294 17 10794 Mar. 11 July 17 May 22 110 Nov. 15 6 107 .Tune 23 Sale 81 Aug. May Jan. 90 Sale 10594 10494 10394 Sale 17 May 22 May 7694 Jan. 89 8994 Sale 15 Feb. Sale 5794 54 94 10894 Jan. 2 11 100*4 2 23 1 4 June Jan 13 14 1994 Apr. 18 Apr. 894 Apr. 754 Apr. 854 Apr. 7 94 Apr. 294 Jan. 8054 Apr. 18 67 Jan. 4 51H Apr 12 63 94 Feb 26 54 Apr. 3 11 21 23 20 4594 Oct. Jan. 9 10994 11294 Jan. 77 5594 S J 13 13 69 A 81 J 7 .Tune May May Dec. 107 106 94 106 394s debentures.-----------1958 AConsol Hydro-Elec Wks of Upper Wuerttemberg 1st 7s—------1956 J 108 95 J D F Sale 112 D J Jan. 9 10694 Jan. Jan. 1C6 J 104 J 23 67 10594 106 94 10694 Jan. J MN 10 Jan. 49 10594 J 3*4 4 94 354 94 28 76 3 O J 28 6 27 31 5 3 Apr. Feb. 26 2 Oct. 3 Apr. 4 Apr. 2 Oct. 3 Jan. 51 3694 May 24 994 May 22 1094 June 13 4 May 21 27 994 Jan. 894 Jan. IVs Jan. A D 27 28 8 2 3 MN Jan. 2 3 J 10 Jan. Jan. Jan. Jan. 44 94 Jan. A 13 28 Jan. 5594 Jan. F 13 10 Jan. 794 694 94 7394 6 78 18 1794 Jan. 1694 Jan. 994 Jan. 3 5194 Sale O 13 3 Sale M S 12 3 49 A 10 9 Jan. 18 5994 J May 22 May 21 May 15 6 1194 July 1994 1094 -May 21 16 13 Aug. 1^ 1294 May 18 2194 1154 6 May 28 1154 6 May 22 1154 594 May 21 Nov. 20 & 4 1 10 10 Jan. 64 J May 23 1594 May 21 7 3*4 June 94 Nov. 25 17 Jan. 15 16 3 31 12 13 24 32:94—D©©r-44 3194 Dec. 14 32 94 Dec. 16 7 94 Mar. 8 2 94 Jan. 3 18 Apr 9 1894 Mar. 30 18 94 Mar. 30 1894 Apr. 1 May 22- 48- 3594-Jan.—II) 3594 Jan. 10 35 94 Jan. 15 9 694 Jan. 194 Jan. 13| 1994 Jan. 16 19] 19] 46 94 J 10994 M S Jan. 1694 Jan. 1994 Jan. 1094 Jan. 1694 Jan. Sale Sale 7394 — 4 Jan. 16 4294 Sale 1694 Sale 1594 Sale 794 Sale 794 Sale 894 Sale 794 194 Jan. 35 57 94 Commonwealth Edison Co— 1st mtge 3 94 s series 1 1968 Conv deb 3148--------1958 Conn & Passuin Rivs 1st g 4s_ —1943 Conn Ry & Lt 1st g 494s 1951 Stamped guar 4948------- —1951 Conn River Power s f 354? A—1961 Consol Edison (N Y) deb 394S--194& 3 94s debentures 1948 3 94s debentures 1956 194 Sale Jan. 3594 Jan. 3 Jan. 16 Sale Sale Sale Sale 1294 12 % Jan. 1 15 Sale 1294 49 D—1971 33. 2 Jan. 4 Jan. Jan. —2 2 Jan. 2 Jan. 2094 22 1094 Sale 29 Jan. 4494 Corp -Apr 1 1969 For footnotes, see page 18 14 14 71 13154 10594 10594 10994 29 21 21 15 1694 Jan. 794 May 21 98 May 9094 May 31 93 94 Tune 11 10294 Jan. Apr. 8294 Dec. 26 93 June 6 8494 May 71 90 Jan. 75 May 24 June 12 12494 Nov. 117 1954 Jan. 1094 May 23 1994 Jan. 10 May 21 Jan 19 10994 Dec. 86 3094 Apr. 1994 May 21 2194 Dec. 12 94 May 21 Dec. 1294 Jan. 15 21 1954 Sept. 1294 Jan. 11 1094 Mar. 354 May 21 1094 Mar. 3 94 May 21 June 25 70 Dec. 53 32 94 Dec. 1594 May 21 3094 Oct. 16 94 May 22 10 13 29 10 894 Jan. 894 Jan. 2 53 MN Dec. 20 Dec. 3 Dec. 17 Dec. 4 103 Dec. 5 Feb. 15 110 109 113 94 June 14 12094 Dec. 20 Dec. 11 106 Jan. 22 116 May May May May 94 94 Jan. Jan. Jan. Jan. 21 6 69 Sale 19 11 46 Iron Co gen s ACommercial Mackay 3 S a5s income 312,000 Sale 6 1694 7194 6394 r^;--1945 4s 3 2994 2894 3094 30 94 3094 494 194 Sale 1794 Sale 1894 1994 1894 1994, 2094 1894 Sale D f 5s—1943 mtge------------1970 Colorado & Southern 494s ser A-1980 Columbia Gas & Elec deb 5s May 1952 Debenture 5s Apr 15 1952 Debenture 5s _—Jan 15 196i Columbia & Hock Val 1st ext g 4s 48 Columbus & Sou Ohio Elec j 197o Columbus & Toledo 1st ext 4s_-19]J5 Colo Fuel & 17 35 27 Sale D 394s 494s 394s 394s— Coal Riv Ry 1st gu 34", 000 100,000 1,601,000 226,000 11,000 325,000 3,000 85,000 10994 Jan. 2894 Jan. 2194 Jan. M 1942 Series A gu 1942 Series C gu —1948 Series D gu 1950 General 494s series A—. — ---1977 Gen & ref mtge 494s series B-1981 Clev Short Line 1st gu 4948----1961 Clev Union Term 1st gu 594s A-1972 1st s f g 5s series B guar 1973 1st s f 494s series C 1977 Series B gu 3 3494-Sate3394 3494 36 33 94 Sale J 1st mtge guar 3 94s ser ^------1969 15,000 7,000 Clearfield & Mahon 1st gtd g 5s-1943 1993 136,000 C C C & St L gen g 4s- —General 5s series B -—1993 2,000 Ref & impt 494s series E.„--1977 832,000 Cin W &M Div 1st 1k 4s --1991 46,000 St Louis Div 1st coll trust g 4s-1990 10,000 291,000 Cleveland Elec mum 38------1970 Clev & Pitts gen gu 494s ser B—194/ ~1,666 Jan. 54 10 10194 June 20 10654 Dec. 20 May 21 10494 Mar. 14 1794 Jan. 1794 Jan. 110 94 Jan. 33 94 Jan. 22 94 Jan. 2194 Jan. 7 15 Sale J }®67 1st mtge guar 1494 Jan. 49 4s-1952 35,000, Jan. 69 794 Sale 694 Sale 7 94 Sale 694 Sale 94 1 ---- 1960 -------195 -----June 15 1951 1st 4s — 19ol 5s O 1952 M\S gold 5S Chic T H & S east 143,000 A 15 Jan. 88 2 34 14 ------ 80 Jan. Jan. Jan. Jan. 3 4594 14 94 ------ 4s— 2 2 9694 83 94 7194 789g 1894 Jan. 694 Jan. 694 Jan. 194 stamped paid--1927 Pacific gen g 4s —1988 2 12 94 9494 99 94 8894 Sale 794 894 7194 1094 AChicago Rys 1st 5s 1 1938 25% part Feb 21 8 1994 694 10 J 118 24 2 16 os.-------May ^037 10 Jan. 106 Jan. 10 g 13194 Jan. 10594 Jan. 10894 Jan. 20 8 2 22 20 16 Alst & 102 Sale Sale D Alst 13 20 21 15 MN 15 Sale 194 O MN 9194 Jan. Sale 22 94 7094 3 2 10694 Jan. 6 10494 Jan. 2 6 7 4 Jan. 18 50 Aug. 20 6294 Jan 4 10694 Dec. 21 112*11 Jan. 8994 Nov. 19 65 May 21 3294 2194 794 Sale 5 Apr. 31 If4 Sale 2194 1994 Jan. Jan. 2 15 105l*32 Jan. 23 109 94 3 5 Jan. 10 Jan. Sale Sale 4 Jan. 28 Jan. 1594 1594 15 Jan. Jan. 9 Sale 13 Jan. 92 85 Dec. 67 Sale 9994 Sale 8594 Sale 7694 7894 Sale Sale llky> 28 24 2094 18 31 14 110 26 7354 17 66 8 3 Sale 994 Sale Sale 5 A A ref 494s stamped-May 2037 J D Alst & ref 494* ser C May 2037 J D AConv 494 s series A --1949 MN & reJ 443,000, 225,000 Sale 106 AStpd non payt led inc ^-1987 MN 1594 17 AStpd gen 494 s non-pay inc tax}987 MN r!894 Sale AGen 5s stpd non pay inc tax. 1987 AGeneral 494s stamped 1987 M.Vj 1594 1694 M S * 1994 1994 a 15-year secured 6HS-------1936 39,000 65.000 518.000 169,000 1,342,000 139,000 1,005,000 642,000 651,000 256,000 430,000 22,000 105 10494 Jan. 10594 Jan. 94 Sale 2894 3194 30 94 Sale-30 94 Sale 3094 Sale MN AGeueral 4s 13194 Jan. 10394 Jan. Nov. 18 Jan. Jan. Sale Sale 13194 10494 3 Dec. 15 73 10694 107 10694 Jan. 10394 10494 10494 Jan. 29 A. 1989 86 13 Prices 21 10954 2 10515 32 Jan. Sale 10 4 122 67 J 30,000 Chic Indiana & Sou 50-yr 4s —1956 J 532,000 t AChic Mil & St P gen g 4s ser J AGen g 3 94s series B - - -May 1 1989 68,000 J —873,000 ™iGen 4 94s-series C.-^-Ma.y 1 1989 J AGen g 4 94s series E _ - -May 1 1989 481,000 J AGen 4948 series F-_-May 1 1989 105,000 8994 2 11194 15 MN t AChic & E 111 Ry g os19ol 13 94 ACertiflcates of deposit 272,000 MN 10994 17,000 Chic & Erie 1st gold 5s—---1982 M S 2994 1,027,000 t AChic Gt Western 1st 50-yr 4s-19o9 J J 1994 64,000 t AChic ludianap & Louisv rf g 6s 1947 ARe unding gold 5s ser B 1947 J J 20 64,000 a Refunding 4s series C 1947 J J 17 69,000 MN 694 a 1st & general 5s series A---1966 128,000 J J 694 Alst & gen 6s series B--May 1966 81,000 799,000 28 10594 Sale Sale A F Sale 105*32 97 M S J }958 6594 Sale 75 Sale F 14 4 6594 Jan. 64 94 Jan. 4294 Jan. 5194 Jan. Sale 4994 Sale 1969 1494 Jan. 17 10794 Jan. May 10994 June 37 May 12 May 1094 May 10594 May 5794 June 59 July 3194 June 13 1194 Jan. 10694 Jan, Sale Jf--- O A "43" 2,578,000 1,760,000 13 1394 10694 7094 ' Central RR & Bkg Illinois Division 4s General 4s ----1st & ref 4 94s series B 1st & ref 5s series A AChic & E 111 1st cons g 56 12 of Ga 5s 1942 M N 519i M N 105 54 Central Steel 1st sink fund 8s---1941 86 94 M S Certain-teed Prod s f g 594s A-.194N Champion Paper & Fibre— S f deb 454s (1935 issue) 1959 M 5 10694 S f deb 4 54 s (1938 issue) 1950 M S 10394 Chesapeake & Ohio Ry— General gold 434 s „__1992 M S 13094 M N 10494 Ref & impt mtge 394s ser D—1996 F A 10494 Ref & impt mtge 394s ser E1996 Ref & impt M 394s ser F 1963 J D 108 Potts Creek Br 1st 4s 1946 J J R & A Div 1st con g 4s 1989 J J 120 2d con gold 4s -----1989 J J 11194 M S Warm Springs Valley 1st g 5s.1941 994 AChic & Alt RR ref g 3s-1949 A O Chic Burl & Q 111 Div 3 94s 1949 J J 9394 Guaranteed 5s 61 Sale 52 57 J J 1954 Jan. Jan. 6494 Jan. Jan. 16 106 14 10994 Jan. 30 110 O 11094 52 J High""' Sale Sale Prices Prices Jan. 109 109 Sale Sale Prices Ask Lowest Highest Lowest Jan. 31 Jan. 2 RANGE FOR YEAR 1940 IN JANUARY PRICES BONDS SALES IN 20 20 10294 May 11 June 4 11254 Dec. 21 2 4394 Nov. 26 11154 Sept. 26 13054 Apr. 13 Oct. 16 100 119 110 Apr. 26 May 4 12 110 July 107 108 Jan. 5 Apr. 4 107 Jan. 6 1095 Oct. 16 5 2654 Oct. 15 10654 Sept. 19 Apr. 14 1894 Apr. 25 1894 Apr. 14 Dec. 29 77 17 17 17 15 9 11 24 N. Y. SALES IN Dec. 1940 Jan. STOCK II BONDS 1941 EXCHANGE-BONDS PRICES N. Y. STOCK EXCHANGE Jan. 2 Bid Ask Bid Consumers Power Co— 23,000 1st lien & unif mtge 3%s 1965 5.000 1st mtge 3%s 1967 69,000 1st mtge 3%s_1970 1st mtge 3 %s 67,000 -.-1966 48,000 1st mtge 3 Ms 1969 182,000 Continental Oil conv deb 2%s__1948 7,00). 101,000 57,000 51,000 93,000 MN MN MN J D Crane Co 2 Ms s f debs_'_ --1950 A iCuba Northern Rys 1st 5%s—1942 J ADeposit receipts.. O D .... ACuba RR 1st 50-yr g 5s 1952 J ADeposit receipts 48",600 2.01 0 3,000 MN - a7 Ms series A extended to - 108 M N J D 18 1946 1957 J J 34,000 111,000 24,000 78,000 240,000 45,000 130",000 25,000 11,000 419,000 1,339,000 262,000 461,000 2,000 2,316,000 1,996,000 76,000 118,000 1,000 " 3",000 28,000 19,000 ll",000 5,000 3,000 260,000 3,000 48,000 392,000 133,000 6,000 47,666 54,000 2,000 8,000 2,1,0, 19,000 364,000 11,000 104M 108% 7 % Sale 7 h Sale 1% l5/> 1 1»A 6% Sale J J J J F A A O J 4 M S 11,000 1,000 193,000 23,000 29,000 6,000 14,000 12,000 20,000 46,000 142,000 173,000 155,000 367,000 323,000 618,000 199,000 28,000 9,000 134,000 201,000 360,000 32,000 75,000 3,000 39,000 90,000 55,000 A O MN J J M S A Sale 67 99 J ACertificates of deposit JFonda Johnstown & Gloversv RR * a (An ended) 1st cons 2-4s 1982 Proof of claim filed by owner M1V ACertificates of deposit Francisco Sugar coll trust 6s*"--1956 MN Gas & Elec (Bergen Co) 5s 1949 J Gen Amer Investors deb 5s ser A 1952 F AGeneral Elec (German) 7s 1945 J * ADebenture 6 Ms 1940 J With declaration D O see page 30. 40 103 100 102 Va 103 M 43 % 65 Va Sale 42 66 7% 7M Sale 2M 1 Va 40 1 Va 1M 41 101M 43 Jan. 65Va Jan. 7Va Jan. Sale 7 36M Jan. 106M Jan. May 105 June 102 104% Feb. 8 104% Mar. 15 4 104% Apr. 7 103% 98 Jan. 16 100 Jan. 24 100 May May 102% Jan. 2 104% Jan. 23 43% Jan. 11 99 Tune 22 103 Jan. 28 37 48 10 16 67 22 May Aug. May 4M May 3M May 14 1M Jan. 14 1 6 45Va Jan. 29 35 Jan. 2 Nov 14 21 9 24 Jan. 2 35Va Jan. 21 Jan. 14 30 Apr. 10 Jan, 20 9 Jan. 20 31 90 Jan. Sale 106 ----- Sale 102 Sale 13 10 Jan. 9 12 Jan. 22 29 22 Jan. 13 8 33 Jan. 8 Sale 85 9 13 95 Jan. 13 31 73 Jan. 8 71 Va Jan. 17 80 Jan. 23 Sale 107 Jan. 107 Va 107 Jan. Sale 100Va Jan. 31 13 31 Sale 30 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 82 M Sale 103 Sale 98 Sale 84 M 62 Sale 64 5 86 Va 80 6 5% 88 88 % Sale Sale 95 70 92Va Jan. 92Va Jan. 103 7 30 Jan. 31 98M Jan. 83% Jan. 2 64 89 M 6 ■ L..- • 30 Jan. 10 10 14 6Va Jan. 86M Jan. 66M Jan. 40M Jan. 28 85M 62 M Sale Jan. 7 64 62 Jan. 38 M Sale 36 Jan. 30 3 100 85 100 104% 104M 104 Va 104 Jan. 111M 110M 111 109% Jan. 27 8 127 91 Sale 56 Sale Sale 127 M 92 Va 58 102M 100% May 15 106% Dec. 30 71% Oct. 21 91% Jan. 10 101 "jjDec. 80 Jan. 80 ?Jan. 90 104% Tune 9 96% Feb. 23 Nov. 8 109 Nov. 27 94 109 Nov. 25 87 103% Nov. 14 95% Nov. 14 May May May 76 May 94% May 77 Jan. Jan. 2% May 75 June 0^% Tune 57% Nov. 32 Nov. 96 Feb. 106% May 21 Apr. 23 115 Tune 2 92Va Jan. 28 61 70 56 Jan. 2 63 Jan. 13 2 102M Jan. 20 101% Jan. 104% Feb. 20 9 Jan. Sale 11 63% Oct. 28 61% May 28 91 23 127M Jan. 10 22% Mar. 12 35% Nov. 26 18V Jan. Sale ?27 % Jan" 14 13Vl Sept. 24 104M Jan. 111M Jan. 11 Dec. 90% Mar 16 5 10 Oct. Nov. 13 Mar. 28 27 31 19 Dec. 90 08 % .Tune 23 Jan. 38 45 38 14 Jan. 2% Jan. 18 2% Jan. 4 May 10 16 105 Dec. 88 88 3 Uig. 8 28 7 37 79 14 10 25 3 55 M May 58 5Va Jan. 87 08M 108M 104M 95M 95% 105M 99Va 87Va 15 ^ Sale 25 28 Jan. Sale 81M 3 106M Jan. Jan. Sale 60 Jan. 95 Jan. 101 Me Jan. 20 98 ys M 83 M 76 23 100 Va 92 Va 92 Va Sale 105% Jan. 81M Jan. --- 107 107 Jan. 35 35M Jan. 17 100M Jan. 23 101M Jan. 100M 101 Me 95 70 Sale 79 10 3 1001^ May 1 7 63 May 24 124% Jan. Jan. Jan. 30% Jan. 86Va Jan. Nov. 8% Jan. 8% Jan. 7 102 36 39 Mar. 28 46% Feb. M July 31 Aug. 27 121 Sale" 101M Jan. 35 16 Feb. 9 Mar. 26 63 8M Jan. 7% Jan. Mar. 28 107 23 11 14 104 9 76 101% 108% July 100 Jan. 100 110M 35 M Dec. 104 M Sept. 10 18 36 95 MN 28 Jan. 106% Dec. 31 97 July 22 46 80 ~91% Feb. 32% 75 104 M June 92 31 33 O 52 14 1% Jan. 39 18Va Jan. A 20 22 31 Sale 3 Dec. 31 38% Dec. 18 38% Dec. 18 38% Dec. 31 19 Dec. 11 19 Dec. 11 88 Dec. 30 Jan. 13 24 33 65 Feb. Jan. 8M June 8M June June 44 Jan. 36 J May 18 . 102M Jan. Sale" 103M Jan. 102 Va 101 Ya Jan. Sale 103Ya Jan. 20M J 14 103"" 31 J 10 . 87% Dec. 23 103 Jan. 36 J Oct. 1 100 Dec. 30 1.49% Apr. 6 lv,4% Dec. 28 60 Jan. 2 46 Sale 2 108 40 ---- 8 11 100 88 2M 2 45M 56 June 25 13 3 122 Sale 105 M May 17 108% May 12 Jan. 13 30% Apr. Jan. 28 Sale 1 106 M May 21 109% Jan. 39% Jan. 19M Jan. 2 19M Jan. 2 89 M Jan 8 108% Jan. 17 Jan. 17Va Jan. 17Ya Jan. Sale Mar. 15 40H Mar. 12 25 M Apr. 12 1 25 102 Dec. 14' 27 104H Dec. 30 10 37 M 35M 36M Jan. 105 M 105 M 106% 104Va Jan. Sale 102 Ya 102% Jan. Sale 1954 MN Jan. 6 6 16 30 111 Vt June 21 22 113 Feb. 20 59 96 % 107 Va J 1949 J J 1999 J 1944 A O 1937 MN 40 9 14 3 45 37 M 108 _ 3 Jan. 14 101 1961 J _ 107M Oct. 108 H May 30 M July 20 Aug. 88 May 104M Dec. 5 Apr. 38M Jan. 87 4 74^ Nov. 14 44 M May 17 M June 13 M June Jan. 29 104 10 Jan. 78 1946 J 1946 J 10 Jan. 73M 1967 J A_. Feb Alncome debenture ctfs B Feb Gulf Mob & Nor 1st 5Ms ser B.1950 A O 1st mtge gold 5s series 0 1950 A O oulf Mobile & Ohio 4s series B_ 1975 J J Jan. 46M Jan. Sale 108 28 30 38 15 94% 94% 11 28 30 39 ioo"" 105Va Jan. 59M Jan. 105 82 1976 J 1977 J 6 2 56 88 Sale 12 101% 28 Jan. 20M Jan. 101 1952 J 1973 J AGen mtge inc 5s series A 2015 Gulf & Ship Island 5s stpd 1952 Gulf States St'l 1st mtge 4Ms.. 1961 Gulf States Util 3Ms series D— -1969 9 19 106 M 3 8 16M 9 7 Jan. 31 86 Va 9 J 16 Jan. 2 108 55M Jan. 81M Jan. 43% Jan. 101 1 1950 J Gen mtge 4s series G Gen mtge 4s series H Gen mtge 3 Ms series I AGreen Bay & West deb ctfs footnotes, 39 1 J ex 4Ms series E 21 35 1st gu g 4 Ms... 1941 J Grays Point Term 1st gu g 5s... 1947 J Gt Cons EI Pow (Japan) 7s 1944 F 1st & gen s f g For Sale 102 J May 101M Aug. 51 May 101% 102 h 102 103% Sale 104 25M 18 20 102% 103 88 % 7s_1945 A AHarpen Mining 6s Hock Val 1st con g 4Ms__, Hoe (R) & Co 1st mtge l*AHousatonic RR con g 5s Houston Oil 4 Ms debs 102 % 100 J F) Co 1st M 4 Ms.. 1951' J D Silk Hosiery deb 5s w w. 1946 M S Oswegatchie 1st 5s 1942 J D Gen mtge 5s series C Gen 4 Ms series D 29 Jan. 56 28 101 93 % 35 M 104 % MN Goodrich (B Gen Jan. Jan. 103% Jan. 61 ,65 Sale J J Jan 3M Sept. 24 49 M June 22 105 Sale 101% 25 M 25M 10 104 M 59 "Sale" 124 M J 77 30 8 Apr; 3 HM Apr. 4 3M Jan. 24 2M Jan. 4 8 Apr. 9 90 M Mar. 141 Feb. 44 38 M 38 M A 9 4 9 Jan. 105 82 H D 5 4 Sale 37 % 14 10 9 100% Jan. 20 Sale 8M 7M 7M Jan. Dec. Nov. 99M Jan. 56 65 % 2 101 May May Sale 147% 104 % 34 Jan. May 5M 5M % H 3 107 Va 101 Sale D 9 8 43 Apr. 17Va Nov. 27 Apr. 1 109 M Dec. 63 M Jan. 109 Jan. 106 Jan. 109 M May June 100 148 M 107% M S 104 104 30 Sale J 8 Jan. 88 J 23 13 107M Jan. 106 O 7 105M Jan. 22 108Va Jan. 2 9M Jan. 14 102 M June 37 M June 107 .Tune 106M Jan. 16H Jan. 105Va Jan. J D 22 2 Sale J M S Mar. 29 Oct. 7 Sale J A 35 17M Aug. 5 98% Dec. 16 19 17 M Sale 107 M 107 15 % 106 M J J 23 20 107M 106 M 103 Va Sale M S Dec. 23 Jan. 21 Sale 18 M D 19 46 Sale l6l Jan. 103 % 103Va Jan. 104 Sale M S 40 29 18% M S 31 Dec. 23 17M Dec. 9 6 29 30 Dec. 29 22 109 Jan. 4 54% Jan. 2 108M Jan. 2 108% Jan. 3 110% Jan. July Jan. A J 6 7 11 Aug. 2o Jan. "Sale" A 16 Jan. Jan. Jan. Jan. Jan. l69 29 Va 18 F Jan. Jan. 19M 15M 18M 99% 15 16 17 % 19 6 28 43 23 Ya 102 Sale" M S 29 4 Aug. 22 104 M May 22 111 M Dec. 103 % June 6 110M Jan. 30 3 102 23 104 38 Sale 18 M MN 22 Jan. 108M Jan. ----- 23% 101% 28 1942 1942 1942 30-year deb 6s series B 1954 Firestone Tire & Rubber 3Ms.. 1948 t AFla Cent & Peninsular 5s 1943 iFla East Coast 1st 4 Ms 1959 Alst & ref 5s series A 1974 6%s Great Northern Ry— 1st & refund 4 Ms series A Gen mtge 5Ms series B Sale Sale MN O Jan. Prices Nov. 111M Sept. 24 102 M May 22 109M Oct. 21 6 17M Jan. 20 Va Jan. 3 104 M May 28 109 May 21 111 106 May 21 22 4M Jan. 72M Jan. 5Va 45 38 M 38 5s international series First lien s f 5s stamped 1st lien s f 6s stamped Gotham 37 17 Highest Sale 105 13 11 6M Jan. ----- 110% 21 1 % Jan. 1 Va Jan. Sale 4% 35 15 9 6% 110 Jan. 7 109% Jan. 22 111M Jan. 7 106 Jan. 18 102 Jan. 31 18 Jan. Jan. Jan. Jan. Jan. Tan. 1 109 24 3 3 Sale 108 Ya 3 Jan. 2 1 67 Jan. 109 9 110 Jan. 104% 107% 107Va Sale 7M 9 8M 7% 1% Sale 1M 86 1996 1953 a4s series B 1953 AGeu conv 4s Series D 1953 *ARef & impt gold 5s ser 19271967 ♦iRef & impt 5s series 1930. .1975 AErie & Jersey 1st s f 6s 1955 AGenesee Riv RR 1st s f 6s 1957 aN Y & Erie RR ext 1st 4s 1947 *A3d mtge 4Ms-.-_.1938 AErnesto Breda Co 1st mtge 7s__ 1954 IfFairbanks Morse deb 4s 1956 Federal Lt & Tr 1st s f 5s., 1942 16 108 31 106Va Jan. 49Ya Jan. 7% 55 M Alst consol gen lien 4s AConv g 4s Series A Grand R & I "98% 103 M Sale 34 % 16% 15% 18% ,98 16M 108 M 108 108% O & prior lien 4s 1996 Sale Prices 105 M 5 72 M 1965 Gouv & 108 ----- J Range Ry 3Ms. 1962 A O Shore & Atlantic g 5s .1937 J J Light 1st M 3 Ms 1965 J D AS f deb g 6s 1948 Gen Steel Castings 1st 5Ms w w_1949 t AGa & Ala 1st cons 5s Oct. 1945 I* AGeorgia Caro & Nor 6s 1934 AGood Hope Steel & Iron sec 51M 108 J 1_*aDu1 So Duquesne con Sale Sale J ASecond gold 4s 1995 J D Detroit Term & Tun 1st gu 4 Ms 1961 MN Dow Chemical deb 2Ms 1950 MS Duluth Missabe & Iron t AErie RR 1st 107 % Sale J Edison— Gen & ref mtge 4s series F—1965 A O Gen & ref mtge 3 Ms series G.1966 M S Detroit & Mack 1st lien g4s 1995 J D Eastern Ry M No Div 1st g 4s.194.8 Eastern Tenn Va & Ga 1st g 5s. 1956 Ed El Til N Y 1st cons g 5s 1995 Elgin Joliet & Eastern Ry 3 Ms A 1970 El Paso & S W 1st & ref 5s .1965 5s stamped Sale 50% 20M J J 16 Sale 17 Sale 109 AfN J Sale Prices 106M Jan. 15M 15 M 98 M 17 % Detroit 67,000 16,000 2,000 5,000 Sale 99 245,000 Dayton Pow & Lt 1st mtge 3s__1970 1,011,000 Del & Hud 1st & ref 4s -.1943 20,000 Delaware Pr & Lt 1st M 4Ms—1971 4,000 1st & ref 4 Ms -—1969 1st mtge gold 4Ms 5,000 1969 882,000 t*ADen & Rio Gr 1st cons g 4s__1936 * 21,000 AConsol gold 4 Ms 1936 134,000 t ADenv & R Gr West gen 5s Aug 1955 a Assented (subject to 188,000 plan) ARef & imp mtge 6s ser B 532,000 1978 tADes Moines & Ft Dodge 4s-__ 1935 9,000 Certificates of deposit 29,000 t ADes Plaines Val 1st guar 4MS.1947 Lowest Sale Prices Sale Sale 15 RANGE FOR YEAR 194v, Highest 108M Jan. 109% Sale 110 108% Jan. 108 M 109 107 107 M 107M Jan. 111 111% 109 M 110M 109% Jan. 105 105% Sale Sale 104M Jan. 101% Jan. 17 19 16% Sale 16Va Jan. 16 16 18M Sale 15Va Jan. 23 20 19% Sale 19M Jan. - 1946 J JANUARY Lowest Ask 107 Va 110% 108 M ADeposit receipts. a6s series B extended to Curtis Publishing 3s IN Jan. 31 May 40% May 96% May 96 107 Nov. 15 < Nov. 9 100% Nov. 9 87% Nov. 14 64 Nov. 18 8% Jan. 24 87% Feb. 23 6 83% Jan. 65 37% 90% 105% 112% Dec. 3i Nov. 9 Mar. 14 Dec. 3 Oct. 18 36% Oct. 127 Dec 30 11 93% Dec. 19 57% Dec. 14 103 Dec. 20 TJ SALES IN Dec. 1940i PRICES BONDS N. Y. STOCK Jan. 1941 588,000 12,000 1,015,000 551,000 44,000 1,000 10,000 553,000 816,000 89,000 316,000 136,000 2,681,000 3,000 ■~3~. 000 2,000 24,000 Sale Prices Sale Prices Ask Bid 27% 30% Sale 27% Sale f 5s series A. -1962 J D 126 127 126 126 Hudson County Gas 1st 5s 44 1949 M N Sale" 47% Sale 44 Hudson & Manhat 1st & ref 5s A 195/ F A 11 13% 12% 11% 10% O a Adjust income 5s Feb 1957 108 o 108M Sale 92 90 ~ H Illinois Bell Telep 3 %s ser B , _ 1970 91 J Illinois Central 1st g 4s 1.1951 91 88 70 35 J 1st gold 3 %s -.1951 A O 87 89% 89% Sale Extended lstg3%s 1951 M S 70 35 87 1st gold 3s sterling 38 __ 1951 A O 38% Sale 45 M Sale Collateral trust gold 4s I .1952 M N 39% Sale 39 44% Sale Refunding 4s 1955 J J 38% 40% Sale 38M Sale Purchased lines 1st 3 %s 1952 Sale 39 43 40 36% MN\ Coll trust gold 4s 1953 M N 47 M 49% 51% Sale 47% Refunding 5s -.1955 F A Sale 35% 42 Sale 36 78 80 40-year 4%s 1966 78 M D Cairo Bridge gold 4s— 1950 J J 55" 62 55" 62 Litchfield Div 1st g3s_. 1951 J 59% 58% 60 62% 61M J Louisv Div & Termg3%s—1953 J 47 43% 44% 43% A Omaha Div lstgs3s._ 1951 F 47 43% 45 43% J\ St Lou Div & Termg3s_ 1951 J J 48 48 51% 53 Gold 3 %s 1951 J J 95 75 95 75 62 Springf Div 1st g3%s__ 1951 J A 62 61% 64 M 61 111 Cent & Chic 809,000 4,000 58.000 122,000 St L & N ()— Joint 1st & ref 5s ser ;_1963 A J D Hlseder Steel Corp 6s_._ jlndiana 111 & Iowa 1st gold 4s__1950 t Alndianapol & Louisv 1st gu 4s.1956 . Indianapolis Union Ry— Ref & impt mtge 3 %s ser B Inland Steel 1st mtge 3s ser F Inspiration Consol Copper Interlake Iron conv deb 4s- 4s A J J 1961 41,000 394,000 547,000 125,000 222,000 F J J —19% 244,000 91,000 76.000 107% 100 M 98 M 1952 J A O A 2,000 346,000 125,000 St'nstM4%sl961 Kanawha & Mich 1st gu g 199a 4s 126,000 J*aK C Ft S & M ref g 4s a Ctfs of <iep (Bankers Trust) Kan City South 1st g 3s 171,000 100,000 Kan City Term MN F A J J F A 30M 32% Lake Erie & 195,000 O A J J J J Sou g3%s..l997 Co Ltd— Income reg.Dec Lehigh Coal & Nav4 %sser A Cons sink fund 4%s ser O Lehigh & New Eng RR 4s A Lehigh & N Y 1st gu g 4s Lehigh Valley Coal— A iFirst&re iSec 6 % notes a6s stamped li'ooo 156,000 154,000 120,000 1.630.000 97,000 sinking fund 5s a5s stamped 9 ,000 A Liggett 5s debenture Lion Oil Ref conv 48",000 Loew's Incsfdeb o Little Miami gen 6,000 76,000 9,000 IJ Lombard Elec 7s Long 58 30 65 Jan. 21 Apr 14 48% Jan. 45% Jan. 33 Jan. 77 Jan. 19 " Jan. 15 Oct. 45 Jan. Aug. 42 23 28 8 22 27 7 7 7 4 10 ' Dec. 8 46% Jan. 3 56% Jan. 4 46% Jan. 3 79 Oct. 15 65 Apr. 5 65% Feb. 7 43 Oct. 30 54 Feb 6 56 May 6 June 56 4 28 10 4 Dec. Dec. 47% July Oct. 23 50% Jan. Feb. 13 53 Feb. 17 65 33 May 21 May 21 47 3 Ms ebs Dock Co 3 i ext to 1944 F A 1954 F A 1954 F A 1964 1964 F"A 1974 1974 J'j For footnotes, see page 30. 1950 102% Jan. % Jan I 78% Jan. Jan. 21 Jan. 23 3 2 Jan. 2 Jan. 23 Jan. 13 41 82 2 47 Jan. 1% Jan. 58% Jan. 14 104% Jan. 10 30 70% jug. 13 24 54% Jan. 10 32 66 Jan. Jan. 6 2 7 June -22 '♦ 14 June 14 Nov. 26 May 22 May 18 105 38 93 3 June 84 29 11 11 10 7 11 7 39% Aprl 8 38% Apr. 4 24% 50 May 28 69% Feb. 13 70% Oct. 3 21 50 May 105 May 23 109% Nov. 12 May 31 25 5 June 28 23 5 Jan. 6 109% Jan. 17 13 102% 20 Dec. 31 8 20 Dec. 5 20% Dec. 28 20% Nov. 30 100 May 24 103% Dec. 26 July 18 109% 104% Feb. 15 50 Feb. 15 Dec. 102% 109% Jan. Nov. 91 % Nov. * 13% Mar. 14 July Jan. Jan.' 23 99 44% Mar. 13 47% Mar. 13 6 1% Jan. Oct. 1 58 6 June 13 95% Jan. 38% Jan. 37 Jan. 68% Jan. 72 Jan. 108% Jan. 31 69% Jan. 107% Jan. 19 2 2 3 5 Feb. 22 6 30% Jan. 32% Jan. % Jan. 4 2 Jan. 24 9 Jan. 32% Jan. 18 2 Jan. Jan. Jan. 95 Jan. 2 Jan. 99 May 23 103% Nov. 19 90% May 28 105% 95"" Apr.""* 9 20 29 103% Jan. 24 6 June 53 Jan. 2 14% 14% 74% 76% 6% Nov. 29 37% May 28 23 Jan. 29 104% 17% Sept. 23 % Nov. 23 6% Oct. 30 2 Jan. 78% Jan. 86% Jan. 43% Jan. 85 109% 112 6 28 50 23 June 88 4 27 4 Jan. Dec. Jan. 85 88 5 92% Feb. 88 88 68 80 28 80 Jan. Dec. 9 78 84 77% Jan. 8 77% 85 25 Jan., 4 168% Jan.' 21 107% Jan. 13 2 107% Jan. 3 103% Jan. Mar. 13 78 4 80 82 Jan. Jan. 82 Jan. Apr. 15 May 22 168 21; 157 Nov. 30 27 105% May 26 108% 7 Nov. 27 108% Aug. 2 106% Nov. 14 23 100% May 21 106% Jan, 13 101 ----- 89 166% ----- 96 95 Sale 59% Sale 59% Sale 49 Sale 50 Sale J 1953 4 7 Mar. 19 May 13 105% Nov. 25 102% June 25 107% Nov. 12 89 May 28 103% Dec. 31 98 21 May 78 2 16% Jan. Nov. 25 7 6 77 3 36% Oct. 16 74 Dec. 31 8% June 11% 1% 11% 11% 51% 4 103 30 3 10 1 74 3 O -.1946 1952 vs.- se^Ks A Sale 21% 21% 102% 103 93% M 5 1955 1944 1951 19% July 54 July 7 25 107% Jan. Jan. 23 101 Jan. Jan. Jan. 71 107% 107% 107% 107% Sale 104% Sale 103% 104 Sale 104% ----- 104% J J Jan. 30 30 162 A deb 4 Ms 1952 4s series A....1962 If Lone Star Gas a 23 61% Jan. 43% Jan. 45 Jan. 21 Tan. 77 J 5s..1951 -1965 Libby 4s & Myers To bacco 7s 19,000 25 23 15 28 9 8 37 93 89 96% Sale Sale 65% 69% 28 2003 2003 Libby McNeil & ----- 96 2003 stamped modified.: Gen consol 5s. modified 483,000 108.000 Lehigh Valley Term Ry ext Lexington & East 1st gu > 21,000 89,000 58,000 28 Jan. Jan. Jan. 48 Sale Sale 31% 36 66 Sale Sale 70% Sale Sale 108% Sale Sale 87 5s. —1954 5s stamped 106,000 Jan. Jan. Jan. 24 Feb. 48% Jan 50 Apr. 45 Feb. 32% May 23 34 May 22 34% May 27 31% June 5 40 May 23 28% May 21 70 July 23 Jan. 84 J Lehigh Valley (N Y) 4Ms ext... 1950 M N X a Leb Vai (Pa) n con g4s 2003 M N 4s stamped modified 2003 MN a Gen cons 4 % ;_-..2003 M N 993,000 47,000 Jan. Jan. Jan. 99% Jan. 97% Jan. 8 Jan. % Jan. 8% Jan. 95 72% 1943 1943 F"A extend to LehVall Harbor Term 1st 4 Ms 28 Apr. 30 75 78 J 1965 1945 a5s stamped " 23 47% Jan. 43 Jan. 45% Jan. 53% Jan. 45% Jan. 78% Jan. Jan. 104% Jan. "32% 28 J\ 1954 refunding 5s a5s stamped st A refunding 5s 1% 56% 102% 103 109% D 1954 Alst & Sale 16 J 31 1975 a5s stamped 8,000 4,000 9,000 1,000 8,000 85 M Sale 16 IJ J 12 % Sale 78% 80% 85% 89 36% Sale 39 Sale % 1% 55 Sale 95 31% 30% 67% 69% 107% AO 1947 -.1941 3 % to 1st mtgf a 31 Jan. 47 106% 104% 105 Lautaro Nitrate 89,000 46,000 64,000 7,000 39,000 89% Jan. 31 Jan. 104 102% 84 53 M S Western RR— 5s 1937 extended at 2d gold 5 Lake Shore & Mich Jan. 92 10 120 ----- 1 1 *t 4s _. Karstadt (Rudolph) Inc— A Ctfs w w stpd (par $645) —1943 A Ctfs w w stpd (par $925) 1943 A With warrants (par $925) —1943 M S 1946 J J 17,000 Keith Corp (B F) 1st ser g 6s 198. 4,000 Kentucky Central 1st gu 4s Kentucky & IndTerm 1st 4%8_. 1961 Stamped 1961 24,000 Plain 196 J 3,000 4%s unguaranteed 1961 A O 1,000 Kings Co Elec Lt & Pow 6s 1997 J J 1,000 1954 J J\ 3,000 Kings Co Righting 1st ref 5s 1st & ref 6%s .• 1951 MAT! 6,000 1951 M S 80,000 Koppers Co 4s series A 54,000 Kresge Foundation 3% notes—1950 t Kreuger & Toll class A— M S a 5s Uniiorm ctfs of deposit..1959 29,000 A O * ALaclede Gas Lt ref ext 5s 1939 5,000 Ref & ext mtge 5s 1942 180,000 Coll & ref 5%s series C. 1953 402,000 Col &ref g5%sser D 1960 153.000 Coll tr 6s series A 1942 120,000 Collatera trust 6s series B 1942 62,000 6,000 Jan. Jan. Jan. Jan. 15% Jan. Sale 78 83 1936 A\0 195/ April 195J 196 Ref & Imp 5s 82,000 Jan. 22 May 22 June 10 127 36% June 10 50% 16% 9% May 22 108% May 22 112% 95 86 July 30 83,. May 27 91 86 May 6 91 13 Jan. 74 18% 14% Sale Bala J.. -Jill M S 104M Sale Deb gold 5s „ 1955 M S X Alowa Central Ry 1st & ref 4s.il951 J D .James Franklin & Clear' 1st 4s..1959 fJones& Laughlin 77 105M O A 1952 1 1952 a 1st mtge gold 5s series B 1956 a 1st gold 5s series C 1956 167,000 268,000 lnternat Hydro El deb 6s—. — 1944 1941 337,000 Int Merc Marine lsts f 6s 50v000 fetern-Pa^er^^^v^^series^"™! 94 7 Refunding 6s series A. 1955 92,000 1,000 Int Rys of Cent Amer 1st 5s B —1972 First lien & ref 6 %s_... -1947 17,000 .,.1952 2,749,000 lnternat T & T deb g 4%s Sale 33 Sale 43 31 105% 106% Sale 99% 100 Sale §8% Sale 10% Sale 8% Sale Sale % 1% 1 10 Sale 8M 7% 9% Sale 8 Sale 49% Sale 73% Sale Sale 71 M S 1947 J a lnternat Gt Nor 1st 6s A a Adj mtge 6s series A.July 47.000 Jan. 2 31% 29 127 Jan. 2 48% Jan. 3 13% Jan. 10 108% 40% Jan. 37% Jan. 30% Jan. 45% Sale 41% Sale 37% Sale 35% 25 74 71% 15M 14 D J ...1963 .194 4%s series G__ 3,256,000 Jan. Jan. Sale Prices 8 37% Jan. 1951 F Western Lines 1st g 4s 1,203,000 Highest Lowest Hudson Coal 1st s 28,000 . Lowest Highest Sale Prices Ask Bid YEAR 1940 RANGE FOR IN JANUARY Jan. 31 Jan. 2 ■SB. EXCHANGE 35 EXCHANGE—-BONDS N. Y. STOCK FEB., 1941] MN MN A O A O J J A O F A A O MTV F A J D F A A O 62 64 36 94 Sale 61 80 92% 37% 37% 34 "43% 40 34 80 80 61 63 60 57% 58% Sale 60 92% 40% 40% 33 35 85 83 87 83 46% 16% Sale 45% 45% Sale 106% Sale 122% 123 130% 131 98 65 Jan. 64% Jan. 62 Jan. 80 94% 87% Jan. 97% Jan. 94% Jan. 25 20 21 Jan. 65% Jan. 64 Jan. 93% Jan. 36 Jan. 2 33 Jan. 6 67% Jan. 65 Jan. 95 Jan. 45 Jan. 20 30 10 10 13 27 42 37% Jan. 27 May 22 Apr. 23 May 20% Apr. 24% Feb. 20% Apr. 50 Jan. 49% .Tan. 30 June 30 May 8% May Sale ----- 87 28 7 2 84% Jan. 40 Jan. 22 6 Jan. Jan. 24 40% Jan. 14 14 39 Jan. 37% Jan. 9 39 Jan. 14 15 80 Jan, 39% Jan. 40 39 39 6 39 9 24 Sale Sale Sale 48 "26% Sale" 50% Sale 120 105% 122% Sale Sale 130 Sale Sale 97% 30 37% Jan. 82% Jan. 43 Jan. 46 Jan. 14 84 3 48 16% Jan. 1*% Jan 17% Jan. 19% Jan. 19% Jan. 22% Jan. 48% Jan. 119 Jan. 3 15 ----- Sale 119 Jan. 35 2 6 3 6 2 6 2 2 Jan. Jan. Jan. 18% Jan. 25% Jan. 19% Jan. 27% Jan. 22% Jan. 30% Jan 57 Jan 52 30 13 13 4 13 4 13 4 105% Jan. 29 106% 122% Jan. 30 123 128% Jan. 27 131 8 97% 96% Jan. Jan. 2 Jan. 9 16 31 Jan. Jan. 100 100 104% 104% 104% 105 48 105% 106 92 96 28 Jan. 29% Jan. 104 105% 105% Jan. 95 Jan. 95% 98% 105*32 14 105 15 7 Jan. 30% Jan. Jan. 95% Jan. 4 105% Jan. 23 79% May 21 82 28 8 21 16 93 Oct. 19 May 21 42% May 28 7J)% June 22 June 24 30 39% Jan. 5 70% Nov. 14 68% Nov. 14 95 Nov. 9 41 Oct. 30 Dec. 24 12 70 10 12 29 36% Dec. 20 40 15 27 15 38 Dec. 31 36% Dec. 26 Dec. 30 35 Dec. 37 Dec. 12 30 9 80 Nov. 14 23 83 Dec. 3 48 Feb. 31 2 21 21 51 Oct. 23 22% Oct. 28 9% May 21 23% Oct. 28 10% May 22 25% Oct. 28 19 58% Oct. 26 27 40 120/-^Ian^21 89 Dec. 27 97% Dec. 14 Dec. 31 4 69% Apr. 7 23% Sale 9 10 10 10 14 6 3 Sale 17% Sale 49 6 61% Jan. 4% Apr. 10 20 97% Sept.18 June 13 Dec. 31 79% June 18 95% Nov. 12 38 May 21 '62% 61% Nov. 12 38 May 28 33 June 6 60% Nov. 19 61% Nov. 16 39 Mar 27 28 Jan. 96 Jan. Jan. 21% 119 3% Jan. 96% Jan. 3% Jan. Jan. 95 Jan. 59% Jan. 59 Jan. 49 Jan. 50 Jan. 96 June 25 105% Nov. 20 1% July 95 Sale "19% Sale" Jan. 63% 40 Sale Jan. Jan. 92% Jan. 30% Sale 67 Sale 64 Sale 94% 95 42 Sale 84 168% 108% 107% 105% 4 105% 97 87% 96 "63% 43 % 104% Jan. 97 95 Sale 33 34 34 3% 93% 92% 82 June 109 June 99 June 121% May 120% May 90 May 104% Mar. 100% May 28% June May 63% Feb. 105 4 118% Dec. 9 106% Dec. 3 127% Jan. 131% Mar. 26 Feb. 2 101 Nov. 13 106 Mar. 21 105 73% Feb. 29 110 Feb. 4 95 Dec. 31 26 N. Y. STOCK EXCHANGE—BONDS SALES Dec. 1940 IN Jan. BONDS 1941 PRICES N. Y. STOCK EXCHANGE •ija. Jan. 2 IN JANUARY Jan. 31 I&ANGE FOR YEAR 1940 Lowest Highest >— Bid ,000 221,000 174,000 118,000 ] Long Island unified 4s Guar ref gold 4s— 4s stamped Lorillard (P) Co deb 7s 10,000 5s debenture 216,000 1949 M S 1949 M S 1949 M S 1944 A O ---1951 F A - Louisiana & Ark 1st 5s series A__1969 J J Louisville Gas & Elec 354s 1966 M S Lou & Jeff Bridge gu g 4s 1945 M S Louisville & Nashville RR— 1st & ref 5s series B 2003 9,000 2,000 104,000 368,000 110,000 534,000 67,000 1st & ref 2553 4.54s series C_ 59,055 S 32", 655 ai 112,000 44,000 2,000 Metropolitan Edison 454s ser D.1968 M S Met Water, Sewer & Drain 5548-1950 A O *X AMet West Side Elev (Chic) 4s 1938 Miag Mill Mach 1st s f Michigan CentrakJtiR— Jack L & S gold 354s 1st gold 3 Ms g * a 1st ext * t 8,000 a Con ext jMinn St Paul ♦Alst 193,000 * Alst 231,000 34,000 24,000 * cons 4s 621,000 209,00(1 458,000 34,000 5,000 2,000 230,000 133,000 134,000 58,000 21,000 '9,000 21,000 134.000 89 103 Vs 79 Sale 50 51M Sale 32 Prior lien 5s series A a » a Certificates of deposit 1st & ref g 5s ser G a Certificates of a a 1st & ref 5s series I a * a 1949 AfN 1980 A O 1981 F Certificates of deposit Mo Pac 3d 7s ext at 4% July Mohawk & Mai 1st 1938 y~j gu g 4s 1991 M S Monongahela Ry 1st M 4s ser A 1960 AfN Monongahela West Penn Pub Serv— Gen & ref 5s series B_ Gen & refs f 454s ser C Gen & ref s f 5s ser D Morris & Essex 1st gu 3 Ms A Constr M 5s ser Constr M 454s ser B Mountain States T & T 3 M» Mutual Fuel Gas 1st gu 5s Mutual Union Tel 5s Nashville Chau & St L 1st 4s A__1978 F A Nat Distillers Products 3 Ms 1949 Af S National Steel 1st M 3s 1965 A O Nat Supply 1st mtge 354s-__^__l954 J D Ja Naugatuck RR 1st g 4s 1954 AfN Newark Consol Gas 5s__ 1948 J D t a New England RR cons 5s guarl945 J J a Cons guar 4s 1945 J J For footnotes, see page 30. 22 Apr. Jan. 22 Sale 75"" 85 Jan. 8 Sale 74 Jan. 31 Sale 106 X 79M Jan. Jan. 25 57 Sept. 14 83 Dec. 3 100 M May 28 1065s Dec. 10 23 109 11054 55 Sale 106 Vs 28 M 15 1M 54 854 654 8 54 154 54 55 M 78 13 Jan. 24 Jan. 16 67 16 Jan. 11 96 Jan. Jan. 66M Jan. 10554 Jan. 2854 Jan. 6 80 Sale 69 Sale 67 96 —• 33 18 1054 Jan. 954 Jan. 21 14 24 2 54 Jan. 154 Jan. 68 54 Jan. 8554 Jan. 31 54 Jan. June 1 31 43 June 4 29 55 May 21 88 13 19 Oct. 32 54 Mar. 20 80 2 6 Jan. 8 20 M Sale 19M Jan. 1954 Jan. 3 Sale 1 M J an. 3 50 2 3 6 3 1 Sale 19M Jan. 54 Jan. 22 Sale 20 21 3 9 54 54 106 X Sale Sale Sale 87 M 45 M Jan. Jan. 22 54 Jan. 21 Jan. 2 54 Jan. 22 54 Jan. 2154 Jan. 2354 Jan. 22 Jan. 1M Jan. 23 54 Jan. 28 3 14 13 May 121X 10 Dec. 2 8 Dec. 27 Dec. 2 2 54 2 10 29 14 28 28 \m 12M 1954 1554 1654 854 48 3 3 4 4 Jan. 2154 2054 2154 2154 8154 5854 Aug. June 24 2 4 2 4 3 Dec. 103 Jan. Jan. Jan. Jan. Jan. June 12 54 May 10 7 17 2154 Apr. 2154 Apr. 2154 Apr. Apr. 12 54 May 1254 May May May 27 10 Mar. Oct. 2154 Apr. 4 2054 Mar. 28 June 14 Apr. 16 5954 Feb. 28 Nov. 29 Oct. 15 2 Apr. 4 105 110 -V—- 10854 Jan. 2 112 54 104 M Sale Sale 44 M 10 23 5654 Jan. 10654 Jan. 9 9 104M Jan. 75M Jan. 25 754 May 21 8 May 23 854 June 10 10 Jan. 80 84 10 4 24 10 1X May" 17 Jan. Jan. 7654 44 M 44M 37 M 14 14 85 2 Jan. 110 54 Jan. 1 3 54 May 23 3 54 June 11 3 54 May 24 3 19 Sale 14 3 19M Jan. 55 106 Jan. Jan. Jan. Jan. 54, Aug. 27 81M Jan. 59 Vs 1754 1554 1554 454 454 June 5 154 June 13 22M Jan. 2254 Jan. 21M Jan. "87"" 11054 Jan. 21 112 54 Jan. 31 10654 Jan. 22 77 Jan. 14 1254 May 14 \ly* 60 31 13 3 June June 107 Mar. 28 Apr. Apr. Dec. 4 3 Oct. 20 14 Jan. 25 May 27 110 54 Feb. 17 103 May 22 113 Nov. 18 9554 May 22110654 Nov. 22 62 Sept. 17 Oct. 4 14 Jan. 44 5654 Jan. 44 Oct. 14 44 9 14 43 Oct. 25 28 34 June 10 27 5654 Mar. 15 4754 Jan. 11 Jan. 10 79 "65" - 38 M Sale 3954 Sale 37 Jan. 36 Sale 38 M Sale 36 Jan. 30 M Sale 34 Sale 30M Jan. 109M H054 109 Sale 10854 Jan. 116 116M 11854 116 54 Jan. 101 Me 100153»-____ 10015 st Jan. 69 54 3 Jan. Jan. Sale 19 106 M 71 Sale Sale 69 54 Sale 104 Sale 103 54 105 M Sale Sale 104 54 106 106 54 104 M 105 104M 85 8054 83 91M 82M 124 123 54 Sale 12354 44 50 54 5254 50 4454 4554 5054 5254 4554 104 54 106 X 8 19M Jan. 82 65 2 19 20 54 M 106 H 79 11 Sale "81 Vs 4 10h Jan. Sale 2054 8 854 Apr. 254 Jan. 2 54 Apr. 6 2 Sale 16 20 6 19 H 19 19 54 19 80 Jan. 16M Apr. 854 Jan. 2 20 32 7 54 Jan. Jan. Sale Mar. 14 Sept. 30 11 1154 Jan. 3M Jan. Sale 30 61 11 Sale 14 Sale Vs 20 h 15 Jan. 454 20 16 954 Jan 37 M May 21 1554 June 19 8 May 25 1 Sale 20 M 29 11 4 Sale 19 Jna. Jan. Oct. - 11 354 2154 67 11 May 31 9554 Dec. 11 July 10 68 Dec. 13 May 22 107 J4 Nov. 12 55 97 Jan. 1 2 . Oct. Jan. 1254 Jan. Sale June 24 67 9(5 Jan. Sale Sale 9 21 2 15 1954 2054 19 X Feb. 7M May 27 33 Oct. 30 8 13 54 13 M Sale 90 8 Salle 1M 2054 11254 Jan. 21 Sale Sale June 21 6 54 Jan. 1 Vs Jan. 4 Sale 4 3554 July 1 5M May 22 4 9454 Nov. 19 9154 Oct. 29 84M Dec. 26 19 5254 Jan. 12 25 2454 Jan. 1X 31 65M Jan. Sale 19 X 14 59M Jan. 2754 19 11 26 54 Jan. Jan. 15 854 Jan. 154 Jan. 54 Jan. 53 Jan. 85 7 0 M J an. 107 Jan. 41M Jan. 9M 10 54 2 54 1M Sale 82 June 18 --- Sale 8M 8Vs 154 154 68 54 Sale 12 Jan. 6 9 80 12 X 11 69 24 654 IVs IVs Sale 8 9% ■ 2 Sale Sale 24 M 4 Jan. Sale 35 M 7 M 3 3M 16M 15 Jan. Jan. 66 32 7 1M 1 6 , 4 Ill 66 6 55 73 10954 Jan. 1554 May 18 6454 Jan. 11 24 60 38 31 2 107 20 24 9 35 Sale 6 54 ---- 27 Jan. 95M Jan. 9554 Jan. 6 10354 Jan. 5M 59 M 27 M Jan. 70 65 654 16 25 98 Vs 111M 60 5h 42 D 19 Apr. 23 105 54 42 AfN 55M Jan. 46 ■7 A M N 27 14 22 13 A J 29 10 78 M 72M M N 27 5 10654 Dec. 22 104M Nov. 14 11 81M Sept.25 74 54 77 42 1955 M N 1955 1968 1947 1941 5254 Jan. 3254 Jan. 8654 Jan. 9 102M Aug. 81 May 70 July 39 May 2554 Oct. 29 Jan. 106 X A J 4 22 7 6 Oct. 88M Jan. A -.1955 1955 .1955 2000 495? Jan. 2954 Jan. 86M Jan. 13 25 25 86 82 111 4Mb 1960 A 6s debentures 1965 A Montana Power 1st & ref 354s--1966iJ Mont Tram 1st & ref 5s series A.1941|J General & refunding 5s A 1955 30 10554 Jan. 31 10654 Jan. 2 80 Jan. 26 Dec. 30 89 108 M Dec. Sale 108 54 1st mtge 105 Jan. 103 54 Jan. 74M Jan. Sale Sale Sale Sale 87 68 18 23 "92"" 1954 A 8 90 Jan. 23 11054 Jan. Oct. 13 89 M 92 J deposit Convertible gold 5Ms-1st ref gold 5s series H a Certificates of deposit a Jan. Jan. Dec. 3 Dec. 21 89 113 Feb. 73 M Jan. 104 M July 15M Apr. 88 J .1978 AfN June 24 M 89 J 1978 j j ACum adjust 5s series A Jan 1967 A O J AMissouri Pacific RR Co— Alst & refund 5s series A 1965 F A a Certificates of deposit AGeneral 4s 1975 MS a 1st & ref 5s series F 1977 AfN 78 20 M F J Jan. 86 J J 11 88 Nov. 27 Dec. 30 109 86 55 1962 j 1962 J 40-year 4s series B Pr lien mtge 4 Ms ser D 107 31 44 25 H 1949 M S 1978 J J A- -1959 J J 1990 J D RR— 105 104 M Aug. 101 May Dec. 9354 Dec. 26 4 8954 Oct. 68 D ser 103 M Aug. 31 2 9 44 10654 1946 88 110 Nov. 25 100 25 27 Sale Sale Q 10 112 Sale 85 D 1938 1938 1938 Jan. 15 15 24 25 4 10554 Dec. 23 31 Jan. Jan. 87M Jan. 110 X 112 67 Vs 5s Mo Kan & Tex 1st g 4s 34.000 73,000 127,000 288,000 17,000 87 Sale cons 58 grd as to int 1st & ref 6s series A a 25-year g 554s.. Alst ref 554s series B t AMissouri-Illinois RR 5s 1.695,000 15,000 10,000 11 86 Sale 92 M June 83 June 78 May 72 M June 9654 Jan. 9154 Jan. 8 10554 Jan. 2 10954 Jan. 15 10654 Jan. 11254 89 17 111 14 111M Mar. 13 68 stamped 105M Jan. 2 101 31 & Sault Ste Marie Missouri-Kansas-Texas 94,000 33,000 Sale Sale 89 June June 10 2 66 M 96- Alst a cons 4 4 80 .9544—96— 4 Ms 10354 Jan. Jan. 25M -1939 J 1939 J 106 108 Jan. 10 10954 Jan. 10954 Jan. 99 9954 Nov. 29 9954 Nov. 31 12654 Jan. 23 129M Mar. 28 8654 Apr. 120 Jan. Jan. 66 M 4M8 Jan. Jan. Sale Prices 98 Dec. 6 87 May 120M May May 75 May Jan. 9 Sale 94 90 M 8754 105 X Sale 103 54 109 X Sale 10854 10554 !06M 106 1951 M S 1952 Af.N Mil a 960,000 618,000 2.526,000 131,000 634,000 16,000 429,000 793,000 47 M 30 14 128 4 87 96 27 104 M 74 % Jan. 89 D Spar & N Wist gu 4s.. —1947 M S lAMilw & State Line 1st gu 3 Ms 1941 J J ; AMinn & St Louis 5s ctfs 1934 MTV a 1st & refund gold 4s 1949 M S a Ref & ext series 5s A 1962 2,000 7.000 106 h 87 M 112 28 6 Jan. 7s—1956 J Ref — 138",oo5 427,000 94 Sale Sale 98H Jan. 99M Jan. 99M Jan. 20 122M Jan. Highest Sale Prices 89 Jan. 10 85 54 June 5 2 Jan. Sale A &:Imp4-MsBeriestJrr:rrn"979 j j Michigan Consol Gas 1st M 4s__1963 M 3 a Midland of N J 1st ext 5s—1940 J D t Milwaukee & Northern RR— 27,000 94,000 287,000 1,599,000 467,000 359,000 469,000 Sale 104 M 108 M Sale 104 100 F a 124,000 26,000 930,000 104 105M 10554 105 25,000 A O 48,000 Stamped 14,000 * AMarket Street Ry 1st 7s-Apr 1940 59,000 (Stpd mod) 5% ext to 1945 6,000 Mead Corp 1st mtge 454s 1955 M S 100,000 103 54 84 109 Lowest Sate Prices 28 9754 J an. 9754 Jan. 12154 Jan. 10954 88 M 108 H Maine Central RR 4s series A—1945 J D Gen mtge 4 Ms series A 1960 J D Manati Sugar 4s s f Feb 1 1957 MN Manila El Ry & Lt 1st 5s 1953 M S Manila RR South Lines 1st 4s—1959 AfN 1 iMan G B & NW 1st gu 3 Ms. .1941 J J Marion Steam Shovel Big 6s 1947 32,000 1,000 170,000 Sale McCrory Stores Corp deb 3 Ms.-1955 A O lAMcKesson & Robbins deb 554sl950 M N 38,000 428,000 86,000 166,000 — Sale 1952 J J 1955 M N iLower Austrian Hydro-El 6 Ms .1944 F A 14,000 1,000 11,000 73,000 99 122 129 M 127 M 128"" 128 Sale 85 M Sale 8254 Sale 109 M 10954 10854 HI 109 M 10954 128 88 54 South Ry joint Monon 4s Atl Knox & Cin div g 4s Sale Prices 98 54 Jan. 99 98M Sale Sale 93 M Paducah & Mem Div 4s—.—1946 St Louis Div 2d gold 3s .1980 M S Mob & Montg 1st g 454s 1945 M 66,000 122 Ask 99 ----- 99 1st & ref 4s ser D___ 2003 1st & ref 3 54s series E__ 2553 Unif mtge ext 3 Ms series A—1950 Unif mtge ext 4s series B 1960 35,000 39,000 Ask Bid 97h 97.54 9754 Jan. Jan. Jan. Jan. Jan. Jan. 2 4054 4154 35M 23 109M 2 2 Jan. Jan. Jan. Jan. 9 117 10 28 Jan. 13 100153tJan. 21- 2 72 Jan. 8 104 54 Jan. 24 10654 Jan. 28 13 3 2 30 10654 Jan. Jan. 28 Jan. 24 6 85 30 124 6 Jan. 9 5354 Jan. 16 Jan. 3 53 10 Jan. 7 86 May 21 4454 2454 May 22 39 104 54 May 24 111 11254 June 6 120 10054 July 15 10154 64 June 9954 May 10054 May 102 May 63 119 36 June June Jan. 3154 May Oct. Jan. Dec. 4 Feb. 6 Jan. 3 70 54 Jan. 106 54 Apr. 25 8 2 10754 Nov. 25 10654 Dec. 16 81 Dec. 12454 Jan. 48 4654 Dec. Dec. 10 31 11 14 EXCHANGE—BONDS N. Y. STOCK s BONDS N. T. STOCK Si'C •5 A. EXCHANGE $ 1961 1st g 4 Ms series B f J Junction RR gu D 65, 36, 101, 211, 17; 6, deposit AOertificates of 11, 25, 51, 178, 6, 246, 28, 105 M Sale 69 ys Sale General gtd 30 M 34 a RR— .1952 Conv secured 3 Ms Mich Cent coll g 264, 12, 380, 209, 90, 88, T Y Dock 1st T Y 73, 1. 3, 302, 181, 172, ,096, 129, 65 M Sale Sale 91M 60M 65 M 63 M 53, 2, 68, ' Tew 7, 14 ;*aN Y 798 52 141 82 17 44 Jan. 30 64 29 w* 90M Jan. 94 93 Jan. 24 91 Sale 92 Sale 91 Jan. 2 92M Jan. 94M Jan. 93 h Jan. 80 Jan. 30 Sale 99 Sale 98M Jan. 58M 62 % Sale 56 Jan. Sale 60 Jan. 2 108 1Q8M 107 M Jan Jan. 108 M 108M 108 22 80 100 M 55 57M Sale 60 10,8 M 109 M 110M Sale 125 M - 118M MN Sale 26 M 100 MN Af N MN 54 95 90 91" 19 M ~~3~ Alst gtd g 5s Alst mtge g 5s (stamped lation of guarantee) 1 Tort hern 368 582 ,429 169 217 166, 4, 44, 141" 27, 76 23 8 13 5 50 13 13 173 239 26 128 17M Jan. 17M Jan. 7 21 Jan. 7 21 Jan. Sale 18M Jan. 2 22 Jan. MN 18M Sale 20 Sale 18h Jan. 2 22 M Jan. Jan. 8 j J J 18 21M Sale A O 32 3 % 20 % 77 M 34 j d J MN 18M 3M Sale 80 M 4M 4M 1M S M 18 15 MN j D A O 2 H Sale 3 41 Jan. Sale 20M Jan. 33M Jan. 3M Jan. 3 38M 4M 3 22 Sale 20 Jan. 2 83 M Jan. Jan. Jan. Jan. 1M 2 80h Jan. 4M Jan. 1M Jan. 6 5M 85 M Sale 5% 24M 84M 7M 20 M 17 40 8 7 24 99 49M Jan. Jan. Jan. 3 Jan. 21 99 O M n 109 M 109 M 108M J Sale 105M 108 M 107M Jan. 106 108M 105M Jan. 2 MN 107 M 105 M J 108 M 105 M 106 M 105M Jan. 26 Jan. Sale 33 30 16 9M Jan. 7 11 Jan. 7 13 Jan. A j j J 25 F A F A 51M 108 J MN 9M 8M 8M 10 Sale 62 J j 110M j D Sale 91M A O 92 M "52" 45 11 14 11 13M 77 73 110JM Sale Sale Sale 99 M 100 6M Sale 12 M 13 14 Sale 12M 13 14 Sale Sale )Vi .!?* 70 M 79 82 77 Jan. 85 127 M Sale 106 104M Sale 106 106M A 105M Sale f A 106 Sale Jan. 114M 115M 115 81 70 Jan. 31 106 8 107 Jan. Jan. Jan. 20 115 J an. Jan. 70 Jan. 74 46M Jan. 46 44 M Sale Sale 51M 63 M 56 M 54 M Sale Sale Sale 57 M 35 76 -Sate- 46M Jan. 15 15 35 Sale 44 M Sale 56 m Sale 78 M 67 Sale 59 M 59 h Sale Sale 08 M Sale 2 80% 47M 58M 69M Jan. Jan. Jan. Jan. 2 62 Jan. 7 61 % Jan. 76 Jan. 2 44M 50M 62M 56M Jan. Jan. Jan. Jan. 31 57 Jan. 108M Jan. 24 110 Jan. 3 110 Jan. 25 110M Jan. 100 M 4 Sale 106 M 107 M 110M 108M 105 Oregon Short Line 1st con g 5s__1946 1st guar cons 5s stamped 1946 Ore-Wash RR & Nay 1st & ref 4s 1961 Otis Steel 1st mtgeT4Ms A 1962 116M i?i^ 4M 107 M 107 M 108 1C0M 1946 125M 105M 104M 105M Jan. 85% Jan. 3 127M Jan. 28 106M Jan. 17 118 121H 115M O El'4s series G 1964 ref mtge 3 Ms series H..1961 ref mtge 3 Ms series I—1966 14M Jan. 14M Jan. 9 21 14M Jan. f _ — Jan. 13 108M Jan. Jan. 4 104 86 Sale debentures——1946 1943 1945 Oregon RR & Nav con g 4s 1946 28 Ill 8 106 M 105 % 4s 100M Jan. 6M Jan. 3 4 106 1943 --1965 1967 Jan. 97 8 4 . Jan. 127 A Jan, Jan. Jan Jan. Jan. Jan. 12M Jan. 12M Jan. Jan. O O 76M Jan. 13 111M Jan. 3 12 A M S Jan. 76 A A 108M Jan. 37% Jan. 3 82 f M S 108M Jan. Jan. 6 105M 61M Jan. 110M Jan. 93 97 92 10 95M 5M 6 110 110M 110M 110M Sale 108M 108M 108M 102 M 103 M 103M 104"' 102h 97 54M Jan. 10 109M Jan. 109 Vs 109M Jan. 14 MN g 4sl948 30. 23 20M Jan. 25M Jan. 97 Ontario Power N F lay 5s Ontario Transmission/lst 5s For footnotes see page 24 M 90 M .49 1st 1st & 22 20 (Minn) 1st & ref M 3 Ms 196/ (Wis) 1st mtge 3 Ms Sf'western Teleg 4M8 extended.1944 1st & 21M Jan. Sale & Id gt 3s__Jan 2047 4 Ms series A -2047 Ref & impt 6s series B 2047 Ref & impt 5s series O -.2047 Ref & impt 5s series D 2047 Torthern States Power Co— 53 4 18 M Gen & lien ry 159 Jan. j Ref & impt Co/lst g 5s Jan. 19 J 1945 Pacific Gas & 88 18M deposit— Pacific prior lien 4s__1997 Pacific Coast 14 "18M cancel¬ 1945 — Jan. Jan. 16 A. .1974 1974 mtge3Ms-------Jklahoma Gas & Elec 3 M, 96 88 15M ..1966 AOgden &Lake Chllst guar Connecting Ry 1st 4s Jhio Edison 1st mtge 4s 1st mtge 4s 57M Jan. 7 17 M 1946 )hio 6 Jan. O AOertificates of 860" Jan. 96 21 16 51 90 79 21 O 1937 ...1940 1943 1967 [Northern Ohio Ry— 6 103M Jan. 54 Jan. Jan. A 1954 1959 Torth Cent gen & ref 5s ser Gen & ref 4M® series A Jan. 50 2 Jan. 51 a 3 Ms.---1963 ref g 5s. 1937 Debenture 4s 83 6 118M Jan. m S 1958 1951 Debenture 3Ms 1O0m 65M Jan. 108% Jan. 7 125% Jan. 26M Jan. 40 Jan. 23 110M Jan. ----- 14 82 28 100M Jan. 62 Jan. 7 125»M Jan. 125M 118M H8M 118M Jan. 100M 101M 103M 51M Sale 55H 56 M 58 95 99 93 M "99" 79 3 100fM Jan. 70 Jan. 2 . Sale 50 4s __ 1993 Power 3Ms__ 93 M 93 QO (issued by reorgan¬ manager) .1961 South 1st g 5s__ __1941 ACtfs of dep (issued by organ¬ ization manager) 1941 Tor folk & West Ry 1st con g 4s .1996 Torth Amer Co deo 3 Ms— 1949 111 Jan. 59 Sale ization 103 Jan. Sale "t ANorfolk & 27 Jan. 75 87M Jan. 59 M 90M ACtfs of dep 130 68 31 Jan. JanJan. 92 Sale Tiag Lock <& Ont Pow 1st 5s A..1955 MN Tiagara Share (Mo) deb 5M8--1950 f A ANorfolk South 1st & ref 5s A.1961 AOertificates of deposit 2 2 71M Jan. 8 Sale a ----1946 yj Westches& Bos 1st 4 Ms 1946 m S INiagara Falls 25 17 3 59 M F 6s stamped 59 Sale M s & Pr 3 Ms.- 1965 series B Trap Rock 1st s f g 6s_ Sale Sale 1955 NT Y Tel ref 3 Ma T Y 3 31 71M 1992 1st g 4s York Steam Corp 37 31 Jan. Jan. Jan. Sale 1948 -1940 1957 1967 4s. 1954 ATcrminal 1st gold 5s 21 Jan. Jan. Jan. Jan. 72 M 1947 t * aN Y Susq & West 1st * ASecond gold 4 Ms ♦AGeneral gold 5s 70, 69M 95M 63M 69 M 67M 64M 91M 59M 64M 62M Sale Sale Sale Sale Sale o 1950 1965 Corp— Prior lien 6s stamped TY& Rich Gas 1st 6s A 61 27 A 1947 1941 debenture 4s TY & Queens El Lt Tew York Railways 119 9 29 Jan. 2 a 4s___1942 4, 2, Jan. 2 f 1946 IaN Y Prov & Boston gen T V & Putnam 1st con guar 3, Jan. 38 9 Jan. 85M Jan. 85 M 86 Sale Jan. 100M 100 99M 100M 100 vvy2 66M Jan. 68 70 66 M Sale 59 M Jan. 64 M Sale 60 Sale —-1951 note8.-_--_.1947 ;aN Y Ont & West AGeneral 4s 353, 34 Jan. 33% Jan. 32 87 A....-1974 C 1978 AConvertible debenture 6s ♦ACollateral trust 6s a Debenture 4s Alst & ref 4 Ms ser of 1927 1 AHarlem R & Pt Ches 1st 306, 34 38 Sale J 3 Ms 1947 ANon-conv debenture 3 Via 1954 ANon-conv debenture 4s 1955 ANon-conv debenture 4s 1956 AConvertible debenture 3 Ms. -1956 ,412, 28 33 M 59 M 64 M j ANon-conv debenture 136, 231, Jan. A Greenwood Lake 5s_.1946 3 Ms -r--?000 Lack & Western 4s ser A..1973 ANon-conv 70, 132, 38 113 95 Guar 4 Ms series B_.-_.--_--1973 MN iNYLE&W Coal & RR 5M8-1942 J j ADock & impt 1st 5s 1943 M s T Y & Long Branch gen 4s.___1941 : aN Y New Haven & Hartford— 32, 7 f T Y & Harlem g 6, 21 32M Jan. Jan. Jan. 42 mN aN Y & 79, Jan. 33 31 Sale _ 9, 6 3 33 M 66 M 3. Ms series D.----4965 1st lien & ref 3 Ms series E —1966 T Y & Erie—See Erie RR. J d T Y Gas El Lt Ht & Pow 5s„.1948 f A Purchase money coll tr g 4s__1949 43, 27 Jna. Jan. 38 % 113 T Y Edison 33. Jan. 39 42 gold 4s Convertible 5% 37 3 9 34M Jan. Sale 63 ...1942 ..1998 1998 1st mtge 3 Ms extended to 3-year 6% notes ^ Debenture 6s T Y Connecting RR 3Ha A 70, 253, Jan. 8 3 Jan. Jan. Sale o Ms 3Ms & St Louis— Refunding 5 Ms series Refunding 4 Ms series 4s collateral trust 735, ,190, 40 Jan. 35M Jan. 32 O 1997 Ms Lake Shore coll g 3 Tew York Chicago 4 34 39 M 33 % 32 0 31 23 36 A —1998 T YO & H R g mtge 3 Debenture 4s of 1912 256, 230, 129, 382, 7 16 106 % Jan. 3 106 M Jan. 73 M Jan. 6 27 24 22 27 28 M Sale 75 M Jan. 67 M J an. 30 Sale 33 M 34 M 32 10 27 25 15 Jan. 30 33 M 36 M "35M "26M 10-year 3 Ms secured s f .1946 Ref & impt 4Ms series A—..2013 Ref & impt 5s series O— 2013 480, Jan. Sale 38 a F Jan. 65 105M Jan. 105M Jan. 68M Jan. Sale 20 Jan. 11* 1945 4Ms Consol 4s series A__ 535, 707, 347, 251, 37 30M 1956 67 3 Jan. 7 108 30 33 M deposit — a'o Alst 5Ms series A— —1954 AOertificates of deposit.-Tewport & Cine Bridge Co— J j Tew York Central %%7/* O f 3 Jan. 33 33 22M A 30 Jan. Sale 31 27 M 1956 Alst 4Ms series D AOertificates of 65 Sale Jan. 70 Sale 73 H 66 M 106M 106 % 71M 67 63 106 128 107 80 Sale 108 107 M 106M 66 M — list mtge gold 5s series C AOertificates of deposit— 129 74 70 63 A f 1954 iFirst 5s series B 152, 127 M 128 130M 1st 4s 1986 J J Pow & Light 1st 4Ms_1960 few Orleans Great Nor 5s ser A_1983 T O & N'eastern ref 4Ms ser A.1952 few OrleansP S 1st & ref 5s A. .1952 1st & ref 5s series B 1955 Tew Orleans Term 1st 4s guar. _ 1953 ♦aN O Tex & Mex income 5s__1935 iCertificates of deposit 138: 127M 127 M MN j 5s A.1952 England T & T 30-yr few Sale Prices Sale Prices 8 126M Jan. 20 127 M Jan. Ask Ask Bid Highest Lowest Jan. 31 Jan. 2 Bid 22,1 58,i 8,' 39,i in january prtces £ O n 106M Sale 108 M 108 M 109 M 107M 108M 109 M Sale Sale 109 M 108 M 109 M 108M 105 105 H Sale 100% 103 M 103 M Sale 104 102^ 103 Jan. Jan. Jan. Jan. 107 Sale 87 Sale 111 23 3 109 M Jan. 17 110M Jan. 9 109 M Jan. 2 17 27 105 % Jan. 3 103 M Jan. 20 103 111% Jan. Sale 116M Jan. 118M 117M Jan. 106 M 107 H 106M Jan. Sale 86M Jan. 88 117 60 Jan. 62 % 65 M 61M 111M Jan. Sale 111M Sale 110M Jan. 110M Sale Sale Jan. 109M HOM 108M 109 M 109 60 111M 14 Jan. Jan. 117 U7M Jan. Jan. Jan. 112M 112 Sale 5 2 108 Jan. 5M Sale Jan. 7 112M Jan. 2 117M Jan. 7 117M Jan. 3 107 M Jan. 17 10 31 2C 29 29 8 89 M Jan. 7 8 29 7 63M Jan. 21 9 111M Jan. 29 3 111M Jan. ' 7 21 110M Jan. 17 28 n. y. stock exchange—bond s SALES IN Dec. 1940 Jan. 83 bonds 1941 PRICES ■S? N. Y. STOCK EXCHANGE Jan. 2 Bid 108,000 ♦APacific RR of Mo 1st ext 4s__1938 *A2d extended gold 5s 9,000 1938 45,000 Pacific Tel & Tel 3 Ms series B..1966 Ref mtge 3 Ms series C 23,000 1966 7,000 Paducah & Illinois 1st s f 44*s_..1955 18,000 Panhandle Eastern Pipe L 4s A -1952 M S Paramount Broadway Corp— 78,000 1st mtge s f g 3s loan ctfs 1955 F A 52 5* 86,000 34,000 574,000 79,000 477,000 111,000 604,000 374,000 221,000 356,000 21",666 20,000 116",000 B—1941 gold 4Ms series A... 1977 A 4Ms series B -—1981 Pennsylvania Power & Lt 3Ms--1969 4Ms debentures 1974 Pennsylvania RR— Consol gold 4s 1943 Oonsol gold 4s 1948 Stamped dollar bonds 1948 Gen mtge 3 Ms series C 1970 Consol 4Mb issue of 1915 1960 General 4Mb series A 1965 General 5s series B 1968 Debenture gold 4 Ms 1976 General 4Mb series D 1981 Gen mtge 4Mb series E 1984 Conv deb3 4*s 1952 Peoples Gas & Coke 1st 6s 1943 Refunding gold 5s 1947 t*APeoria & East 1st stmp 48.-1940 ACertificates.Qf deposit-—=-rrr7T — conv Con 4s series H guar g Con 4Ms series 1 g Con 4Ms series J guar Gen guar 5s series A General g 5s series B General 4 Ms series C Pitts Va & Char 1st guar 4s Pitts&WestVa 1st 4Ms ser 1st mtge 4Ms series B 1st mtge 4Mb series C Pitts Youngstown & Ashtabula 1st gen 4s series A 1st gen 5s series B 1st gen 5s series C_ 1st 4 Ms series D Purity Bakeries Corp 5,000 1,000 "5",660 14,000 7,000 53,000 s f Steel con A 1,000 6,000 29,000 36,000 5,000 47 13 Nov. 29 Apr. 2 Mar. 15 May 23 126 56M Sept 24 72 Feb. 29 J M F 53 m Sale 110 Sale 78 m Sale Sale Sale 69 m O M N J D MN F A F 50 167 Jan. Sale Jan. Jan. Jan. Jan. 102 Jan. 103H 103M 103m 104 Sale 35* 45* 3 5* 17 Sale 55* 45* 4m 3m ----- 18 Sale Sale Sale 31 31 Jan. 11 4M Jan. 29 25 102uJiJan. 2 Jan. Jan. 9 18 MN 108 m Sale 108 m 59 Sale 53M Jan. 55M Jan. 54M Jan. 117 53 m 53 h 54 m 55 m Sale 106m A 117 78 J J 109 J J Sale 95 m 3 80 J Sale Sale 94 Sale 117 Sale 97 2m 94 Jan. 7 113M Jan. 22 2 105M Jan. 23 61M Jan. 61M Jan. 61M Jan. 13 Jan. 20 117 Jail. 2 77M Jan. 85M Jan. 1065* Jan. 24 1065* Jan. 108M Jan. 20 109 Jan. 95 Jan. 30 2M Jan. 3m 7 97m Jan. 35* Jan. Jan. 222 Jan. Sale 218 m 108 m Sale" 108M Jan. 104 m 104 h 104 21 Jan. Sale J 79m Sale 104 m 104 Sale 82 M 104m Sale M S Sale 3 104 m Jan. 103M Jan. 104 3 Sale 66M Jan. 78M Jan. 78M 8 9 70m 83m 83m 104m 104m 9 104 1064* June 15 25 6 Sale 103M Sale Sale 106 5* 99 m Sale 31 101 Jan. 22 33 27M Jan. 20 26 26 Jan. 3 22m Jan. 21m Jan. 225* Jan. 29 27 27 106 m 5m D 36 .7 35 m 75* 26 107 40 35 35 Sale 1095* 1969 M S 110 1934 M S 10 m 1948 A 1949 J 1941 J 38 4M 35* 90 1115* 7 7m 7M Jan. ----- Sale Sale 4M 91 ----- 108M 12 m ----- Sale 4% 45* 915* 22 106 Jan. 27 107 35 Jan. 31 7M Jan. 2 109 Jan. 10M Jan. 31 Jan. Jan. 5m 4 4M Jan. 90 Jan. 1115* 112m 112 Jan. ./ 55 70 35 70 O 55 65 35 65 2 6 26 14 Tan. 38 May 15 •Tan. 355* Nov. 25 27 4* Nov. 12 15 h Jan. 12 4* May 13 ' Jan. 11 10 3 20 Jan. 15 105 14m Jan. 13 5 31 29 13 Jan. 5m Jan. 5m Jan. 92m Jan. 112 Jan. 14 27 15 21 18 104* Jan. May May 5 4* Oct. 27.4* Nov. 29 274* Nov. 28 27 4* Nov. 4 4 274* Oct. 109 Jan. 9 May 14 4* Feb. 103 4* May 85* June 1084* 29 Dec. 9 Jan. 39m Jan. 8% Jan. 24 110 2 77 82 11 20 30 6 Sale May 23 May 22 103 92 130 31 4 17 28m Jan. 27m Jan. 26m Jan. 109 m ----- Nov. 904* June 5 1045* Nov. 15 May 21 109 Mar. 25 Jan. 26 1064* Dec. 6 2 11 40 37 Sale 60 4* 62 4* June 20 . 132 1967 M .S 1967 M S 104m Jan. 14 104m Jan. 23 106m Jan. 21 153 19 SeDt. 4|226 May 3 May 28,1104* Oct. 8 995* June 10 105 Mar. 27 3 26m Jan. 26m Jan. 295* 29 m 5 Apr. 24 106 m 26 Jan. 113 Jan. Jan. MN 24 m 974* Nov. 12 635* Mar. 16 Dec. 14 815* Dec.. 6 894* June 11 104 4* Dec. 30 90 June 10 1045* Dec. 28 MN 24 m 24 m Jan. 50 Jan. Jan. Jan. Jan. P 9 5 815* Jan. 20 1074* Feb. 23 3 1105* Mar. 30 28 104M 103M 105h 995* 28m MN 79 Tan 2 28 Sale 21 644* Aug. 24 2 1065* Apr. 23 117 Sept. 23 1104* Mar. 21 8 2 Jan. 103M Jan. 26 295* 27 26 27 5* Sale 64 Oct. Oct. Oct. Oct. 23 Sale 95 Sale June Aug. 8 Sept. 24 Nov. 19 Nov. 19 Nov. 15 Dec. 30 Jan. Jan. Sale" 104 m 3 Vug May May May 40 20 110 June 40 28 13 111m Jan. 104 m 104 m 24 m 24 m 92 108 m 40 18 67 m 82 M ----- 1195* 1195* 1135* 1135* 1054* 1085* 63 5* 63 4* 106 Sale 25 28 214 Sale MN Feb. 1104* Nov. 20 111 Sept. 25 2 69 m 90 108 Mar. 7 80 J Sept. 24 Sept. 21 Feb. Sept. 23 102 X Dec. is 1124* Feb. 9 93 m May 28 1044* Nov. 15 16 7 152 152 Sale 199H A Mar. 12 ->r>t. 2 222 Jan. 29 109m Jan. 17 104m Jan. 8 154 106 O ^ Jan. 108" 111m 111M Jan. 150 104 5* .7 4 15* Dec. 635* Mar. 108 May 140 May 155"" 150 J 9 19 115 July 114m June 99 m May 99 m June 7 Jan. 2 113M Jan. 90 1115* J O Dec. Dec. Aug. 22 May 28.11065* 108 June 3 lll7^ 9M May 184* 2M May 5 3 m May 84* 102 59 57 5* 83 106 m 109 m 106 m J 111 13 119 7 119 99 m Sale J M S 118M Jan. 119 "Jan. il3~" 108 M 117 99 m MN 121 117 D O 10 2 112 A Jan. 110^ Mar. 26 122^ Nov. 26 100 104 m May Feb. 108 m Tuly 105 May 112 1045* Jan. A 19 lU Vs 4 Sale M N 17 108 112 105 j"" J m Dec. Aug. 112M 105 J 72 110 111m 1115* 111K 109m 114 A May Jan. Sale M S 45 112 Sale MN 28 1084* Feb. 28 109 113m J 14 Dec. 109 107 105 m J Dec. 104 m Dec. 106M Dec. .7 O 80 72 m 3 21 O O May June 22 A A 7 20 W* 1045* 107 m 104 5* 107 m 104m Jan. 21 104M Jan. 1065* 106 m 1065* Jan. 21 1065* Jan. 1105* 1105* 110-5* Jan. 22 1105* Jan. Sale O 8 19 23 J Saguenay Pow Ltd 1st M4M8--1966 A St Jos & Grand Island 1st g 4s__ 1947 J St Lawr & Adirondack 1st g 5s.. 1996 J 2d gold 6s page 3 10 Nov. 14 Jan. 22 106 June 115 104 m May 311109 3 25 Nov. 26 Nov. 26 70?4 Aug. Sept. Aug. 5M Jan. 6 Aug. 30 Dec. 3 31 3 m May 21 10 Feb. 106 Va. Jan. 24110x July 108 M 112 3 110M Jan. 2 19 Jan. Dec. Nov. 27 Nov. 22 Nov. 14 111 43™ 106m 3 25 6 115M Dec. 18 7,115 Mar. 27 May 21! 98 % Nov. 15 2 23 6 7 109M Jan. 21 115M Jan. 119 1952 M S 1955 F A 1 29 17 June 81 9 24 109M Jan. 3 107 Jan. Dec. 3 124 115M June 94 M May 21 108 M 100M May 2M15M 79 May 28 98M 89 M May 22 105 89 May 22 105 75 M June lit 93 110M May 29 116 14 9 31 104M Jan. 222 108 m ARutland-Canadian 4s stpd lARutland RR 44*s stpd 13 Jan. 113 A 18 Oct. 1 104 14 74 Jan. 3 107M Jan. 6 108M Jan. 119 A 7 74 A D 15 83M Jan. D J 14 3 103m Jan. 17 22 11 2 Jan. 102 n3i Sale 108m 165* 3M 45* 3M 23 2 31 Jan. 106 2 54M Jan. 30 110 108M Jan. Sale 28 22 MN J 16 104M May 22 110M Oct. 16 May 22,110M Dec. 30 2 Jan. Jan. J D za 28 100 43 M 122 M 114M 114M Jan. 108 M 108 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. •"5UM"Jan-.^2' Jan. Sale 97 M Feb. 6 118M Jan. 9 J _ 1155* 96 m 105m 104 m 91m 6 Sale 1085* 122M 118m 115 114M 109 111 108 m 106 M Sale 106 m 107M 109M hom 125 m 108 m 78M Jan. 71M Jan. 695* Jan. 69 5* Sale 107 98 4M Jan. Sale 62m May 21 105 107 M Oct. Jan. 108 96 2 107 122 J F 19 27 28 102 % Feb. 105M Oct. 23 106 Apr. May 24 107 M Mar. 99M June 6 108M Nov. ivnyt jnov. 99 May 21 107 M Dec. 104M Nov. 1 104M Nov. 111 79 J 100M Nov. 20 102 105M Jan. 110M June 1085* Jan. 108 O Gen mtge 3 Ms series 11 i Gen mtge 3 Ms series 1 Gen mtge3 Ms series J a Rock Is Ark & Louis 1st 4 Ms ARuhr Chemical 6s. see 13 121 17 2 ----- 71M 725* 107 M 108 M & coll tr 4s series A.. 1949 A O & E14MsserD_.1977 M S For footnotes, June 20 3 107M 115M 114M Sale Sale Sale D f 7s. _ 6,000 22 1155* Jan. 1145* Jan. 109 45* 5 5M 107 5* 109M 108 Rochester Gas 709,000 97 113M 114m 113m Jan. 113M 114 113m Jan. O 98 Sale 96 m Sale 96m Jan. 124 M Sale Sale 125 123m Jan. 108 M Sale 1075* Sale 107m Jan. 114M 1155* 115m Sale 113m Jan. 96 M Sale 93 m Sale 93 Jan. 103 M Sale 104 Sale 1025* Jan. 103 M Sale Sale 104 102m Jan. 89 M Sale 895* Sale 895* Jan. 1115* 113M 110m 113 118 1185* 117m Sale 117M Jan. 50J*J3ale~ -50- Jan."49M 53 MN MN MN A June 1st guar 5s 1939 J I*ARio Grande Western 1st g 4sl939 J Alst 6 7 108 Jan. 29 107 Jan. 17 105M Jan. Jan. -2037 4s conv deb s 52M Dec. June 14 104M Jan. 103m Jan. 106 -1968 _ a Rim a June 11 76 36 14 Jan. 5s._ .1948 - g J*ARio Grande 79,000 202,000 40 4 4 Ry—• Read Co Jersey Cen coll g 4s 1951 Gen & ref 44*s series A 1997 Gen & ref 4Ms series B 1997 Remington Rand deb 4Ms w w.1956 4Ms without warrants 1956 Rensselaer & Saratoga 1st gu 6s. 1941 Republic Steel Corp44*sser B..1961 Purch money 1st 5Ms < onv__1954 Gen mtge 4Ms series C_. ____1956 Revere Copper & Brass 3 Ms 1960 ARheinelbe Union s f g 7s 1946 a3Ms assented. 1946 a Rhine-Ruhr Wat Serv 6s 1953 ARhino-West Elec Power 7s 1950 ADirect mortgage gold 6s ly52 ACons mtge 6s 1953 ACons mtge 6s. ; 1955 Richfield Oil Sale Jan. Jan. Jan. Jan. 108 1977 J ° 1,000 50,000 8,000 18 Nov. 26 Apr. 19 Nov. 7 Apr. 15 10 31 110M Jan. 110 110K 1948 J 32,000 158,000 460,000 18,0^0 6 Dec. Jan. 96 Jan. A A 1962' F 1974 J 1st & ref mtge 8s Pub Serv of Nor ill 3 Ms 298",665 Sale P MN P A 1964 1970 1975 1977 1943 A_ 1958 1959 -I960 1st 5s extended to 1950 2,000 8,000 Potomac Elec Power 1st M 3 Ms -1966 131,000 Pressed Steel Car deb 5s -1951 47,000 AProvidence Secur deb 4s gu-_ -1957 AProvidence Terminal 1st 4s__ .1956 "4,000 Public Service El & Gas 3Ms--. .1968 1st & ref mtge 5s 3,000 -2037 390,000 351,000 256,000 25,000 Jan. ----- 104M 1045* 106 104 m P 1,289,000 Portland General Electric 4 Ms.-I960 M S 228,000 Prices May 7 44M Jan. 20 126 Jan. 3 70 Jan. Jan. 69 55M Jan. 27 31 ... 1942 1942 1945 1949 -1953 1957 1960 1963 Con 3 Ms series E guar g Con 4s series F guar g_ Con 4s series G guar g 1,000 104m . --1956 1980 1952 1943 1974 1977 1981 -1967 1967 Con 4Ms series C guar g Con 4s series D guar g 128,000 266,000 102213iJan. 2 42M Jan. 105 m 1960 Pitts Cine Chicago & St Louis— Con 4Ms series B guar g 171",006 108m Jan. 110m Jan. 105m Jan. Jan. 126 73 27 Jan. 14 1045* Jan. 6 106 Jan. 9 110 Jan. 28,000 209,000 Phila Co secured gold 5s 83,000 Phila Electric 1st & ref 3 Ms 528,000 tAPhila & Read C & I ref 5s—1973 535,000 AConvertible deb 6s -1949 80,000 t*Aphilippine Ry lst30-yrs f 4s .1937 80,000 ACertificates of deposit 94,000 IfPhillips Petroleum conv 3s 1948 M S 89,000 Pitts Coke & Iron conv 4Ms A__ 1952 M S 7,000 1,000 53,000 56,000 141,000 43 m 94 123 m 104 104 J L1990 5Ms.A..1974 3 Ms deb Phila Bait & Wash 1st g 4s General 5s series B General g 4Ms series OGeneral 4Ms series D 1,000 43 M Sale 45 m 1045* 105m 108 107M 108 108m 107m 106 106M 105 m Sale 1055* 1045* 105M 105m 165 O J -- 1st g 4Ms series O 13,000 3,000 95 m 89m Jan. 85 52M Jan. ----- Peoria & Pekin Un 1st Pere Marquette 1st 5s series A__ 1956 1st 4s series B 36,000 Sale 2 Jan. Sale . 1005* 104M - Alncorae 4s (flat) "14,000 54 105 M D D 40-year guar tr ctfs 4s ser E..1952 M N 28-year 4s —1963 P A Penna Glass Sand 1st mtge 3 Ms 1960 J D Phelps Dodge Jan. 69 A 1942 1944 J 4S extended to 37,000 14,000 471,000 132,000 386,000 91,000 169M 105m Jan. 102m Jan. Jan. Highest Sale Prices Sale 71 June 10 85 74 Mar. 8 80 103 M May 21 1105* 104 M May 21 112 102 M Apr 8 1035* 102 5* Nov. 19 105 „ Guar 3 Ms coll tr ctfs ser Guar g 3 Ms tr ctfs ser O Guar g 3 Ms tr ctfs ser D 1st & ref Sale 96 41 Penn Ohio & Detroit RR— 54,000 4,000 236,000 106,000 109 m 109 Sale RANGE FOR YEAR 1940 Lowest Sale Prices Jan. i03m 111 85 80 108 68 M 108 M j Highest | Sale Prices Sale 116" 124M Lowest Ask 88 1035* 105M 105M 1025* 103 M 102 M 3 Ms conv debenture 1947 M S Parmelee Trans conv deb 6s 1944 A O Paterson & Passaic G & E 5s—1949 M S iPaulista Ry 1st & ref 7s ser A, -1942 M S Pennsylvania Co— 2,000 5,000 19,000 249,000 10,000 Sale 108 M 110 Paramount Pictures Inc— 166,000 19,000 1,000 18,000 Ask Bid 85 78 IN JANUARY Jan. 31 40 n 20 Mar. 11 5 414* Dec. 124* Apr. Oct. 131 Tan. 8 111 Nov. Jan. 8 8 29 Dec. 23 May 22 Ill May 21 105* Dec. 27 Mar. 7 35* Dec. 20 35* Dec. 7 40 Dec. 9 Jan. 2 95* Jan. 23 19 68 May 29 9854 Feb. 15 108,4* Aug 30 112 Mar. 18 29 EXCHANGE-BONDS STOCK Y. N. FEB., 1941] RANGE FOR YEAR 1940 PRICES IN JANUARY SALES Dec. 1940 IN BONDS N. Y. STOCK Jan. 1941 Jan. 2 EXCHANGE 356,000 3,000 230,000 41,000 8,000 849,000 389,000 356,000 137,000 1,071,000 617,000 St Louis Iron Mtn & South— * ARiver & Gulf Div 1st g 4s__.1933 340,000 ACertificates of deposit 15,000! iSt L Peo & N W 1st 5s 1948 158,000 88,000 Jt Louis Pub Serv 1st mtge 5s. _ 1959 13,000 St L Rky M & Pac 5s stamped. .1955 t ASt Louis-San Francisco Ry— APrior lien 4s series A 1950 885,000 ACertificates of deposit -169,000 APrior lien 5s series B 1950 465,000 ACertificates of deposit 31,000 ACon M 4Ms series A 1978 2,063,000 ACertificates of deposit stamped 534,000 352,000 80,000 264,000 285,000 161,000 15,000 268,000 220,000 15,000 181,000 34,000 210,000 268,000 18,000 241,000 8,000 ~2,000 10,000 S 6SX J 39 J "j MAT 67,000 827,000 239,000 31,000 297,000 10,000 905,000 51,000 Yo'ooo 146,000 80,000 47,000 67,000 27,000 301,000 40,000 28,000 92,000 325,000 17,000 44,000 41,000 37,000 D 73 J J 2 F A J J J J J 107 125 & Tel 354»—1962 1979 68.1947 1946 J Colorado Pow 1st g Kraft Corp 454s Natural Gas— 1st mtge pipe line 45*s._ 1951 Southern Pacific Co— 4s (Cent Pac coll) Aug .—1949 1st 4 5*» (Oregon Lines) ser A. 1977 Southern Southern 1,233,000 2,202,000 2,163,000 5,149,000 4,360,000 1,478,000 381,000 2,004,0b0 South Pac RR 1st 330",666 444,000 1,495,000 Southern Ry 1st cons Gold 4 5*s 10-year secured 354s San Francisco Term 1,000 135,000 165,000 140.000 248.0001 Studebaker Corp conv deb 6s.. 1945 1950 Superior Oil 354 s debs Swift & Co 1st M 3 54s 1950 & RR gen 5s ..1951 1,000 Term RR Assn of St Louis 5s...1944 Gen ref s f gold 4s 1953 149,000 86,000 Texarkana &FSRy55*sA guar 1950 1959 174,000 Texas Corp 3s debs i,ooo' 594,000 7,000 80,000 310,000 286,000 211,000 A O MN —-—1965 1943 ...2000 3s debenture 5s. & Pacific 1st g 5s Texas & N O cons g Texas MN J J D A O B._ 1977 A O series C 1979 J D D 1980 M S 82,000 Tex Pac—Mo Pac Term 55*8 A.1964 J J 352,000 Third Ave 1st ref 4s-...—--.-I960 A O AAdjustment income 5s_.Jan 1960 1,168,000 J J * AThird Ave RR 1st gold 5s 1937 33,000 " 227,000 50,000 317,000 48,000 27,000 17,000 Gen ref 5s ser Gen & ref 5s Gen & ref 5s ser Tokyo Electric Light (Ltd)— J 1st M 6s $ series June 15 1953 J Tol & Ohio Cent ref & imp 3548-1960 A D D O 1st g 4s 1950 M S 1st guar 4s C--1942 J D Tor Ham & Buff 1st 4s. 1966 M 8 Trenton Gas & Elec 1st 5s .1949 J J Tri-Cont'l Corp conv deb 5s ser A '53 Tol St L & West Tol W Va& Ohio "~6j)6o 2,000 9,000 "2", 000 "~2~,666 32,000 89,000 21,000 42,000 5,000 10,000 112,000 15",000 ATyrol Hydro-Elec Power AGuaranteed sec s f 7s 7 5*8.-1955 1952 RR— & land grant 4s Union Pacific 273,000 153,000 279,000 389,000 70,000 50,000 84,000 269,000 23,000 16,000 1st 34-year 3 5*8 debenture 35-year 35*8 debenture Ref mtge 3 5*s series A.. United Biscuit 35*s debs United J 1947 1970 1971 1980 1955 Cigar-Whelan Stores 5s. 1952 For footnotes see pago J A MN A O A O Jan. 29 15 1245* Jan. Jan. 4" 3 Jan. Jan. Dec. May 125 Dec. 27 15 Jan. 11 21 15 5* J an. 29 15* 654 554 854 75* 1554 3 0 25 25 3 11 31 1145* June 21 Jan. 10 8 June 18 115* Jan. 15* Jan. 45* Jan. 10 65* 5* 25* 254 25* May Nov. May July May May Nov. May Oct. May Oct. 11 27 10254 Jan. 15 May 23 11054 10154 May 15 109 101 May 23 106 975* Jan. 2 1025* 1065* 10754 10654 Sale 1065* Jan. 7 10754 Jan. 13 104 Sale 375* Jan, 445* Jan. 4054 Jan. 3954 Jan. 3954 Jan. 4854 Jan. 485* Jan. 23 Jan. 27 60 Zl* 82 80 45 1085* Sale 106 102 Sale 80 6154 Sale Sale Sale Sale 82 9154 6154 775* 835* 805* 30 64 Sale Sale Sale Sale 835* 7854 10954 1075* 61 78 7654 10954 11054 109 107 1075* 109 22 9 Sale 29 _ 105 129 31 10754 1065* 1055* 1015* 71 905* 595* 765* 815* 8154 7654 1095* 1075* 285* 1045* 10454 105 54 SQ 11154 91 110 88 1065* 10754 10554 Sale 10454 105 78 90 795* 82 1085* 10954 1075* 10654 10754 Sale 625* 69 Sale 63 70 5* 625* 6854 6254 Sale 6254 6954 6854 625* Sale 965* 98 10054 Sale 96 Sale 605* 61 Sale 63 195* Sale 195* Sale 23 10054 1015* 100 100 Sale 945* 9554 6854 735* 105 98 1245* ----- 107 109 4654 Sale 9554 Sale 74 1045* 9654 10054 1235* 1075* 1075* ..... 27 Jan. 9 Jan. Jan. Jan. Jan. 10 J an. 8 3 9 10 85* 10 15* 15* 935* 2 52 Jan. Jan. Jan. Jan. 7 6 935* 63 5* 8154 865* Jan. 10 Jan. 28 Jan. 27 Jan. 27 6 83 3 3 3 4254 May 21 63 54 May 6 58 Jan. 4 8054 Jan. 655* Jan. 4 11 52 June 83 42 June 11 May 21 53 May 21 May 21 57 28 3254 Jan. 27 1065* Jan. 3 1055* Jan. 15 Jan. 3 10154 Jan. 10 16 31 1065* Jan. 2 13 6 7 1285* Jan. 7 24 1135* Jan. 24 3 11154 Jan. 14 Jan. 14 7 92 4 Jan. 13 7 1085* Jan. 72 Jan. 4 28 7 82 28 28 28 17 Jan. 3 Jan. 24 Jan. 31 6 1005* Jan. 21 43] Jan. 21 Jan. 3 4854 Jan. 9554 Jan. 10 8 40 943 6 72 2 30 65 3 If* UH Jan. 4f Jan. 5 18 82 Nov. 14 78 Nov. 15 Mar. 14 15 112 21 1095* Nov. 27 Dec. 11 33 24 15 107 22 107 Feb. 17 12 Aug. May 9 18 Jan. 28 555* June 26 Jan. 17 96 1075* Jan. '29 Oct. 1215* Aug. 104 May 145* Apr, 1354 Feb. Oct. 1055* May 75* Nov. 107»»i Dec. Jan. 2 10554 Jan. 2 10054 May 8 1145* Jan. 3 1005* Jan. 2 110 7 17 1015* Jan. Jan. 3 107 28 107 Jan. 27 18 7654 Jan. 15 9254 925* 1015* 1045* 5854 18 107 24 29 23 Dec. May May May Aug. June June Jan. Jan. 9 11 10 11 5 8 Dec. 3 15 8 6654 Mar. 20 9554 Dec. 5 77 Dec. 13 9954 Mar. 27 125 Jan. 10854 Dec. 23 18 275* Nov. | 0 215* Oct. 13 995* Aug. Jan. 109 1 10 20 1125* Feb. 15 Jan. 9 1065* Dec. |2 Feb. 31 115 29 10154 Dec. 22 1015*[Dec. 19 10654fDec. 7 10854 Nov. 8 77 541;Apr. 30. v/ i 10 10 101 Jan. Oct. 8 Feb. 5 Nov. 28 665* Dec. 2554 Apr. May 82 54 May 60 May 775* Dec. 72 97 June 75 Jan. Mar. 25 11 1105* Jan. May 28 725* Jan. Jan. 6 72 June 98 90 15 17 June 9 31 10654 Jan. Nov. 19 31 20 30 Nov. 27 21 1135* Feb. 6 10154 Oct. 8 1065* Dec. 975* Jan. 725* Jan. t 3 21 715* Jan. 107" Jan" 5. Nov. May 22 108 10354 Aug. 31 107 55 a Jan. 102 10454 535* 535* 535* 3 795* Jan. June 10 1285* 1115* June 11 115 1 111 1045* June 6 92 765* June Jan. Jan. 95 61 122 3 109 3 715* Jan. 106 74 4 5054 Jan. 505* Jan. 505* Jan. 2 1005* Jan. 1065* Sale 72 Jan. 25 1095* Jan. Jan. 20 109 1065* Jan. 28 2 25 1065* Jan. 1065* 108 Sale Sale 3 53 7354 Apr. 63 May 1085* May 102 May 15 May 1015* May 1005* May 81 May 995* Dec. 1035* Oct. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 11354 Jan. 995* Jan. 9954 Jan. 10554 Jan. 11354 Sale 8 15 15 Apr. 20 4854 Jan. 28 Jan. Jan. Jan. Jan. Jan. 4 Oct. Dec. 31 Jan. 31 305* iVtay 22 35 May 21 30 June 10 30 June 10 30 June 10 Jan. 28 86 805* Jan. 1055* Jan. 1065* 1075* 1055* Sale 854 754 1065* Jan. 1065* Sale 107 Sale 1045* Jan. 10554 Sale 1045* Sale 100 2 3 10 May 14 10754 Feb. 78 5* J an. Jan. Jan. Jan. Jan. Jan. 2 30 100 21 24 21 22 30 4 Jan. 22 35* Jan. 28 10054 Dec. 14 104 495* Jan. 28 4954 Jan. 23 495* Jan. 23 59 Jan. 23 82 Jan. 28 645* Jan. 28 Jan. 84 1145* Sale 1005* Sale 100 10054 1065* Sale 107 Sale 7254 745* Jan. Jan. Jan. Jan. Jan. Jan. Mar. 15 43 17 67 July 18 J26 May_15 55 145* Feb. 29 2T5Tnov7" r Oct. 30 21 71 125* May 22 71 3 2 94 7 May 25 1035* Dec. 9 1035* Jan. 9 4 9954 May 22 1045* Dec. Jan. 15 104 Dec. 2 Jan. 29 1025* May 21 108 9 107 119 July 18 115 27 30 78 9 9954 Jan. 575* Jan. 10654 Sale 1065* Sale 44 3 6 1285* 1295* 1285* Jan. 1135* Jan. 113 1115* 110 Sale 65* 554 1254 35* 2 Sale 1065* 105 1055* 10554 Sale 10754 Sale 1055* Sale Jan. 10154 100 995* 10054 100" Sale 10254 Jan. 1065* Sale 102 106 4 24 14 Jtyie 27 60 915* Sale A 1959 3s debentures 141,000 174,000 155,000 F .1945 M 8 80 3 6 Mar. 55* Mar. 26 8 Apr. 2 118 Apr. 12 715* Dec. 14 1095* Feb. 26 22 MN Ujigawa Elec Power sec 7s J Union Electric (Mo) 3 54s 1962 ♦tiUnion Elev Ry Chic 1st 5s.. 1945 Union Oil Cal 30-yr 6s ser A May *42 Nov. 107 28 9 6 8 11* 82 30 1085* Jan. Jan. 14 106 108X 1085* RQ J 9 27 31 Jan. 31 38 13 110 O 2 29 Dec. May 215* Apr. Apr. 70 24 10854 Jan. 1075* 109 Sale 1075* 1055* Sale 1025* 10154 113 A 6 Jan. Jan. Jan. 27 Jan. Jan. Jan. Jan. 127 Tenn Coal Iron 14 Jan. 117 72 J Jan. 80 70 Jan. 70 Sale 70 X 1025* Jan. Sale 1025* Sale 1045* 1035* 10354 10354 Jan. 107 X 10654 10754 10554 Jan. Sale J 16 215* 125* 81 35* 754 11454 6 1 J D 3 70 654 May 28 545* June 255* June 12 May 75* May 655* July 25* Dec. Jan. Jan. J J 355* Jan. 175* Jan. 95* Jan. Apr. 155* Apr. 1454 Apr. 135* Apr. 27 O J Jan. 2 16 *~8 A J 28 3 Jan. J 1953 Jan. Jan. Jan. Jan. 2 654 May 28 85* June 11 75* June 10 7 June 10 27 25 21 27 J J 28 42 Jan. Jan. 1454 Apr. 145* Apr. 7 10 Sale J 75 June 10 10 18 10 9 10 13 Jan. Sale D Jan. Jan. Jan. Jan. Jan. 54 J J 2 115* 1254 115* 1254 1154 3 20 MN J 2 31 J J Jan. Jan. Sale J J 12 .50—-JZ&— 4654 Sale 455* Sale 455* Sale 5454 Sale J 3 Jan. 495* 51 Sale O Jan. Jan. Jan. Jan. Jan. Jan. 97 97 Sale MN O 17 95* 954 1054 95* 95* 95* 50 3X 25* M 8 A 15 50 13 Sale J Jan. 405* Jan. Sale 4X Sale A 74 2 14 Dec. 3 23 Sale M 8 J 2 Jan. 18 67 265* Apr. 3 695* Nov. 13 625* Jan. 16 Jan. Jan. Jan. Jan. 5 354 3 5* Sale O 675* Jan. 39 6954 Dec. 30 25* A 13 10 Jan. Jan. Jan. Sale J 3 7 954 95* 54 154 35* Sale 354 354 55* Sale 45* Sale 105* 12 25* Sale 254 25* D 5s 16 495* May 28 4854 May 28 15 May 28 555* May 28 33 June 6 9 70 Jan. 695* Jan. 295* Jan. 17 Jan. Jan. 65 2 Sale 9 J stamped 6554 Jan. 25 31 102 X 1st 4s—1950 ref guar 4s... 1955 debs Sale O Devel & gen 4s series A Devel & gen 6s series A Devel & gen 65*8 series 15-year 2 54« 1154 A 1955 1994 .1956 1956 663,000 A 1956 621,000 Memphis Div 1st g 5s —1996 24,000 St. Louis Div 1st g 4s 1951 34,000 12,000 Southw Bell Tel 35*s series B...1964 1st & ref 3s series C 1968 57,000 ASpokane Internal 1st g 5s.-.1955 392,000 tandard Oil N J deb 3s... 1961 252,000 4s 3,121,000 - Sale Prices Jan. 10534 ------1968 May 11969 1981 1946 Gold 4Hs Gold 4 Ha Sale Prices Jan. O O J Highest Sale Prices 254 25* 35* 55* 8 654 11354 11354 11354 705* 7854 Sale 1065* 1235* 1245* Sale A A Sale 1054 Sale O MS Lowest Sale Prices Jan. O A Alst & cons 6s Highest 95* 54 354 354 454 45* 1054 25* 254 A AStamped 4s -—1950 F a Adjustment 5s —Oct 1949 A ♦ARefunding g 4s 1959 ACertificates of deposit . Southern Bell Tel 3s debentures 80 Sale 11454 116 71 69 X M N 425* 19 35* X 55* M 5 * 787,000 1,584,000 1,045,000 2,555,000 2,018,000 1,270,000 114,000 841,000 1,000 12,000 98,000 90,000 126,000 687,000 3,000 43,000 189,000 110,000 143,000 63,000 809,000 1754 12 % 165* 95* Sale 73 385* 85 J Southern 1,165,000 332,000 822,000 16,000 27,000 77,000 50,000 275,000 130,000 140,000 202.000 62,000 106,000 J J Sale 1054 12 105* Sale 105* Sale 37 33 X series A 1945 45* ACertificates of deposit M'S 954 1* AAtl-Birm Div 1st g 4s May 1933 F A 25* lASeaboard Alr-Fla 6s A ctfs—1935 F A 25* a6s series B ctfs of dep 1935 J J Shell Union Oil 2 Hs debs 1954 J D 99 X 47 Shinyetsu El Pow 1st 65*s 1952 .MjS ASiemens'S Haiske deb 65* s .-—-1951 F A 245* 1946 "i"66o ASilesia EJec Corp 65*s..-69 1941 53,000 Silesian Am Corp coll tr g 7s 103 X 1952 88,000 Simmons Co conv deb 4s 1035* Skelly Oil 3s deb 1950 66,000 1964 A O 10654 155,000 Socony-Vacuum Oil 3s debs 118 South & Nor Ala gu 5s 1963 ---68,000 11 Sale 70 J 1950 unstamped 105* Sale 1054 Sale 9% Sale + Alst g 4s 40 Sale 10 68 Sale 9 5* MS Sale 65 285* Sale Sale 954 Sale 105* Sale 9 5* Sale 1st g 4s—1989 bond Nov 1989 * Alst terminal & unif 5s 1952 AGen & ref 5s series A 1990 St Paul & Duluth 1st consol 4s..1968 ASt Paul E Grand Trunk 4 5*»--1947 ASt Paul & K C Short Lgu4 5*s 1941 St Paul Union Depot 1st 5s guar. 1972 San Ant & Aran Pass 1st guar 4s. 1943 Santa Fe Prescott & Phoenix 1st 5s'42 Scio Vail & N E 1st guar g -as 1989 * 66 Sale 69 25 54 Sale Sale M A2d gold 4s income 23,000 444,000 66,000 206,000 24 J ISeaboard Air Line Ry— 30,000 386,000 56,000 329,000 80,000 891,000 249,000 21,000 227,000 23,000 635,000 69 6354 J t ASt Louis Southwest 8,000 25",000 MN Ask Ask Bid Bid Lowest Jan. 31 t 13 10 10 13 26 3 so X. Y. STOCK SALES IN Dec. 1940, Jan. §0 BONDS PRICES IN ll n. 7. stock exchange 19<tl EXCHANGE-BONDS Jan. 2 Bid 270,000 United Drug Co (Del) 5s UNJRR. & Canal Co gen 4s. United States Steel Corp— Serial debentures— 327,000 ,50s 3,000 .875s 1.00s 1.125s 1.25s 1.375s 1.50s 1.625s 1.75s 1.80s 1.85s 1.90s 1.95s 5,000 5.000 11,000 "¥,666 5,000 12,000 3,000 7,000 5,000 10,000 9,000 17,000 12,000 16,000 12,000 15,000 30", 000 28,000 "¥,666 17,000 18,000 1,000 May 1943 MN 1943 MN 1944 MN 1944 MN 1945 MN 1945 MN 1946 MN 1946 MN 1947 MN 1947 MN 1948 MN 1948 MN 1949 MN 1949 MN 1950 MN 1950 MN 1951 MN 1951 MN 1952 MN 1952 MN 1953 MN 1953 MN 1954 MN 1954 MN 1955 MN Nov May ...—Nov May Nov May Nov May - Nov May 2.00s Nov - May 2.10s 2.15s Nov —-May 2.20s 2.25s 2.30s 2.35s 2.40s 2.45s 13,000 9,000 2,000 12,000 40,000 1,000 1,000 9,000 5,000 1,000 1942 MN 1942 MN Nov - - 2.05s 10,000 16,656 May Nov May Nov May Nov May 2.50s Nov 2.55s May 2.60s Nov 2.65s May iUnited Steel Wks g 634 s ser A 1951 .7 a3 34 s ser A assented .1951 J Sale 5", 000 13,000 -93,000 125,000 221,000 9954 10034 100 101 100 34 100 54 10134 101 % 10234 102 10154 10154 102 34 30 10134 10134 102 10134 Jan. 10154 Jan. 30 101.34 Jan. 29 102 Jan. 31 10234 Jan. 29 10334 Jan. 30 29 102 103 Sale 14,0 8,00 2,00 35,00 226,001 700,000 597,000 30,000 23,000 44,000 54,000 16,000 1,043,000 1,325,000 1,560,000 1,125,000 44,000 157,000 30,000 35,000 Virginia Elei 27,000 Va -Iron Coal & Coke 1st g 5s Va & Southwest 1st guar 5s 33,000 27,000 184,000 489,000 317,000 27,000 9,000 18,000 267.000 39,000 231,000 17,000 5,000 1,000 9,666 "2"66o 211,000 214,000 432,000 15,000 138,000 72,000 6,000 282,000 46,000 29,000 1,000 491,000 52,000 58,000 15,000 2,000 82,000 Virginian Ry 1st & ref 394 s *iSecond A 1966 M S 103 10254 103 34 10254 10254 103 54 101 10254 104 34 10154 103 34 104 34 102 34 103 34 10434 10134 103 34 10134 10358 10434 102 54 10134 103 34 102 Jan. 102 Jan. 10254 Jan. 10234 Jan. 103 10454 25 35 35 22 103 34 29 104 34 29 104 29 104 103 34 10254 Jan. 103 103 34 Jan. Sale 103 34 Jan. 103 34 103 34 Jan. 27 10234 21 103 34 25 104 34 15 103 34 24 104 34 gold 5s AOmaha Div 1st g 334s aToI & Chic Div 1st g 4s % AWabash Ry ref & gen 5 Mis A_ _ 24,000 35,000 54,000 64,000 10734 108 10734 Sale 4634 Sale 15 53 B '76 F A 1978 A 1980 A Walker (Hiram) G & W deb 4 34s 1945 J Walworth Co 1st mtge 4s 1955 A 6s debentures. 1955 - Warner Bros Pictures 6s debs—-1948 M S Ja Warren Bros Co. deb 6s 1941 M S Warren R R 1st ref gu g 3 34s 2000 F A Wash Cent Ry 1st g 4s 1948 Q M Wash Term 1st guar 334s 1945 F A 1st 40-year guar 4s Westchester Light gold 5s_ Gen mtge 3 34s 1945 F ""834 West Penn Power 5s series E 1st mtge 3 34s series T— West Va Pulp & Paper 3s 1954 Sale 60 61 95 55 Sale 40 32 65 70 65 96 563",600 tAWisconsin 108 15 76 Sale Sale J J J J j J O 103 J J 113 Cent 1st gen g 4s__1949 J J A ACertificates of deposit *ASup & Dul Div & Ter 1st 4s-1936 MN ACertificates of deposit 30,000 Wisconsin Elec Power 334a 1968 A O Wisconsin Public Service 4s 1961 J JiWorces & Conn East Ry 4 34s-1943 J 334s ser D J Jan. 6 30 4954 Jan 11 14 6 . 2 17 Jan. 10 6 34 Jan. 29 3 53 Jan. 13 17 3 11 Jan. 17 48 Jan. 10 17 30 954 934 17 934 2 954 21 105 34 10 Jan. 30 11 JaD. 6 Jan. Jan. Jan. Jan. Jan. 8134 Jan. 9434 Jan. 10 9634 Jan. 28 61 10 Jan. 26 22 34 Sale 53 34 50 15 Sale Sale Sale 115 Sale Sale 10534 10654 Sale" Sale 10 Dec. Dec. Dec. Dec. Dec. 103 103 Nov. 28 103 Dec. 23 10354 Dec. Dec. 6 103 Nov. 27 10434 Dec. 2V 10354 Dec. 10 10334 Dec. 6 103 34 Nov. 29 Dec. Dec. Dec. Nov. 6 Nov. 26 Nov. 1 Oct. 29 Oct. 24 Oct.._3L Jan. 23 Dec. 4 Dec. 5 Oct. Sept. Nov. Dec. 10 4 Jan. 65 12834 Jan. 4 17 11134 Jan. 13 22 104 54 Jan. 10 6 51 4754 Jan. 11454 Jan. Sale" 10454 Jan. Sale 106 Jan. 103 54 103 Jan. 28 34 26 34 Jan. Jan. Jan. May 9 48 Apr. 4 20 Jan. 11 31 Dec. 17 9 5 19 34 Jan. 7934 Jan. 81M Jan. 80 54 Jan. 27 28 Jan. 17 Jan. in 2 Jan. 3 3 56 May 23 6354 May 17 78 June 16 May 28 Sept. 5 May 18 60 5 72 9 Nov. 12 95 Dec. 10 9754 Dec. 14 62 Dec. 18 37 May 10 70 Feb. 8 Apr. 3 Feb. 20 Apr. May 18 6 Jan. 17 Mar. 15 Dec. 24 May 27 79 June 107 2 82 10634 June 22 10934 10834 May 22 109 34 June 120 5 12834 10434 May 28 11034 11434 Nov. 1 120 10754 May 15 112 98 May 31 10434 9 27 24 13 13 14 Jan. 9 13 Jan. 10 Jan. 13 23 10654 Jan. 15 10654 Jan. 4 3 104 13 4734 Dec. 18 954 Jan. 4 Nov. 19 954 Jan. 10134 May 15 10634 Jan. 7 5634 Jan. 2 52 9 115 Nov. 28 3834 Sept. 11 2 9334 Dec. 31 3 103 54 Dec. 31 18 10854 Feb. 7 1054 June 11 1 1854 Feb. Oct. May May 53* June May 1034 June l°oH 21 Jan. 4 22 w* 79 10 8234 Nov. 15 22 81 Nov. 14 11 Nov. 14 Nov. 7 5 May 23 Oct. 3 Nov. 14 2734 54 54 50 34 11034 June 12 11634 9654 Jan. 29 10734 10054 May 29 107 96 May 28 10334 35 32 June May 14 Dec. Dec. 17 Dec. 3 6 .Tan. 28 Jan. Jan. Jan. Jan. Jan. 10754 Jan. 23 1354 May 21 3134 Dec. 9 27 14 30 7 110 Jan. Jan. Jan. 20 19 Dec. 24 Oct. 24 5134 Dec. 26 1454 Dep. 16 Nov. 19 10 3 22 31 30 19 4 18 10854 Jan. Jan. 23 20 354 Nov. 20 30 113 54 Jan. Jan. 7 6 Oct. 30 10 15 2 10 10,3 Jan. 10 15 10854 Jan. 3 5 13 13 Jan ??* Nov. 28 10 8 6 3 103 June 3054 June 1034 Jutie 6 18 1 10234 Nov. 10234 Nov. 20 10254 Oct. 26 Oct. 1 10934 Sept. 30 109 10 11134 40 Jan. 23 5234 70 84 May 29 54 54 June 19 6834 102 May 21 10954 107 4 Jan. 31 Sale 27 34 2654 854 Sale" 7 6 954 834 Sale 7 34 108 34 10934 108 34 10934 110 10734 10934 10754 Sale 10754 4 554 2834 10 Jan. l\* 12 12 19 Aug. 12 10434 10434 10334 10434 3634 3554 36 34 33 Oct. 28 3434 2034 July If 3634 ...20. Apr,_J 35 84 June 27 9354 96 May 21 10454 95 May 28 10534 31 7534 Jan. 76 54 Jan. 7554 Jan. Sale Sale ■ 2 23 9234 Jan. _3 9554 Jan. 10234 Ja«¥25 10454 Jan. 106 54 Jan 107 Jan. 15 Jan, 2 1954 Jan. Sale 76 77 34 76 34 30 934 July Jan. 12834 Jan. Sale 103 34 103 34 113 2754 734 634 .^7 Jan. Jan. Jan. Jan. Jan. Sale" 10754 Jan. 54 52 A 1st mtge s f 18 Sale MN 7834 7634 24 34 Jan. Jan. Jan. Jan. Jan. 65 104 J F 4634 1434 30h 5234 113 34 115 113 54 Jan. 109 34 11034 11034 Jan. 103 103 34 102 Jan. Sale J 28 55 Sale 9434 Sale 103 54 Sale 10854 10654 107 1534 4754 11434 10634 106M Sheet & Convertible deb 4s 115 11054 104 34 S M S 6834 Jan. 10854 Jan. 10854 10854 Jan. 11034 12934 128 10834 10934 108 34 M 45,000 177,000 15,000 254,000 265,COO 10854 93 54 J 10 9434 Jan. 128 103 34 107 M 5 89 34 Jan. Ja.iL_j._8 40 J S 84 34 Jan Jan. 3134 Jan. 3334 Jan. 9334 Jan 66 44 Sale 9434 5634 30 O D 109 34 Jan. 64 54 Jan. 29 Jan. 55 7 54 46 4634 834 Sale 834 834 Sale 854 834 834 '834 Sale 8 34 834 Sale 834 Sale 8 34 834 Sale 10454 10534 103 34 105 103 54 92 94 34 Sale 79 78 92 Sale 80 6754 9154 O M 20 "834 47 .4 — 7 105 Jan. 30 10534 Jan. Sale J A Jan'. 10734 Jan. "55"" A 19501J D' 1967 J J 1963 M S 1966 16 15 21 _33_ 8 9 14* Sale ""854 29 Jan. . 6954 30 777,000 Western Maryland 1st g 4s 1952 First & ref 534s series A 425,000 1977 35,000 Western N Y & Penn gen 4s 1943 198,000 t AWestern Pacific 1st 5s ser A—1946 674,000 AAsS6Ilt6(l 179,000 Western Union Teleg 434s gold-i960 Gold 5s419,000 1951 401,000 Gold 5s_ .I960 39,000 AWestphalia Un El Pow 6s 1953 225,000 West Shore 1st 4s guar 2361 75,000 Registered -2361 5,000 Wheeling & L Erie RR 1st con g 4s '49 236,000 Wheeling Steel Corp 434sser A__ 1966 53,000 Wilson & Co 1st M 4s ser A -1955 Conv debentures 3 Ms 30,000 1947 Winston-Salem S B 1st 4s 1960 /44.000 84 34 66 90 66 23 24 Nov. 23 10054 10034 10234 10254 11234 109 Sale 5234 1434 9034 Oct. 11054 Jan. 109 8434 31 1941 M S 1975 M S 16 Jan. 10854 Jan. 5754 Sale O 14 10434 Jan. 29 1941 22 10454 Jan. 15 33 Jan. 9 3334 Jan. 28 40 54 J 24 3634 Sale 1434 Jan. Jan. Jan. Jan. Jan. 103 54 45 21 8 Sale J 24 Jan. 15 Sale Sale Jan. 31 "35M 55 4754 Jan. Jan. Jan. 109J4 112 10934 109 34 Sale 10934 110 Jan. Jan. Jan. 10434 10434 3254 3334 33 10934 112 6 3134 Jan. 103 .31 109 34 65 Jan. 10 25 10254 Jan. 27 103 Jan. 21 103 34 J an. 103 Jan. 103 34 10134 Jan. Jan. 10234 102 Sale 10154 Jan. 104 1939 MN 1939 F A J 1954 Alst lien 50-year gold term 4s ADet & Chi ext 1st g 59 -1941 *ADes Moines Div 1st g 4s 1939 Youngs town 164,000 ser ^♦AWabash RR 1st gold 5s ARef & gen 5s series D "2,000 365,000 5s cons 268.000 129,000 10,000 1949 M S J 2003 J 1958 A O ARef & gen 5s (Feb '32 coup) ARef & gen 4 His series C 151,000 565,000 402,000 13,000 192,000 Sc Pow 334s ser B__ 1968 M S 304,000 736,000 313,000 20.000 32.0001 First 39,556 343,000 30.000 102 103 102 101 27 13 13 30 29 26 10034 Aug. 6 10034 July 29 10034 July 22 10034 July 23 100 July 19 10034 July 31 10034 Aug. 1 10034 July 23 10034 July 18 7 10034 Aug. F 10034 Aug. 102 Sept.10 9934 July 19 10034 July IP 101 Aug. 10 10054 July 15 100 July 13 18 May 17 20 July 13 20 July 9 July July July 10034 July 10054 July 100 July 100 30 10254 Jan. a634s series C 1951 J D 3634 a3 34 s ser C assented .1951 J D iSinking fund deb 634s ser A 194 7 J J 11,000 a3 34s ser A assented .1947 J J 33 69;000 United Stockyards 4 ^sr'rvr*:": 195T A'jDt -9T34~~9Z34T9 123,000 Utah Light & Trac 1st & ref 5s. 1944 A O 104 104 34 10454 177,000 Utah Pc - & Light 1st 5s 1944 F A 104J4 Sale. 104 34 A 100 100 Jan" 103 34 10354 102 101 10254 1 100 10034 101 100 34 10034 10134 100 54 10054 102 10054 10234 10254 102 June 10034 Dec. 30 1005-8 Dec. 10034 Aug. 12 10034 Aug. Oct. 19 10034 Aug. 10034 Aug. 7 10034 Oct. 100 100 54 100 34 Highest Sale Prices 7534 May 21 100 5,000 1955 F 9034 Jan. 9934 10034 9934 100J4 100 D 1957 MN Lowest Sale Prices Sale Price 108 " Vandalk w isol g 4s A Consol 4s series EL.. Sale Prices 87 34 Jan. 30 Sale ¥656 " Highest 109 100 D RANGE FOR YEAR 1940 Lowest Ask 87 107 34 1941 MN 1941 MN Nov .75s--. Ask Bid 89 34 1944 M May ,625s 1,000 20,000 8,000 1953 M S JANUARY Jan. 31 3054 29 34 9H 9 34 10934 28 28 3 17 Feb. June 6 10 115 Nov. 22 Dec. 434 June 10 1054 Apr. 5 9 454 May 29 Apr. 5 106 May 15 11054 Nov. 27 10734 June 10 11034 Apr. 12 6 Sept. 9 14 Apr. 12 Tube— 1948 M S D__ 10234 Sale 10254 Sale 102 1960 MN Sale 10254 Jan. 10154 Jan. 30 103 34 Jan. 27 10334 Jan. 10 10134 May 28 10954 Jan. 4 11 \ * A Negotiability Impaired by maturity. t The price represented is the dollar quotation per 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. Bonds selling flat? 1 The following bonds have been called redemption, either entirely or partially: for Allied Stores Corp. 434s, 1950. partially, Jan. 31. Cuba (Rep.) 434s C 1949, partially, Feb. 1. Illinois Bell Telep. 334sB 1970, entirely, April 1 as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy such a 10754. at X Companies reported Act. or securities assumed by companies Deferred delivery sale not included in tlie year's range. n Under the rule sale, not included in the year's & Laughlin 434s 1961, entirely, Mar. 1 at 104. Lone Star Gas Corp. 334s at Niagara Falls Power 3348, 1966, partially, Feb. 1. Phillips Petroleum 3s 1948, entirely, Feb. 102. t Odd-lot sale, not included in the year's range, 11 at r Cash sale, not included in the year's range, e 1953, entirely, Mar. 1 105. at 102.17 (odd-lot sale). Treasury 3 34s, 1943-1945, Jan. 24 lot sale). at 107.26 (odd- Treasury 234s, 1945, Jan. 3 at' 109 (odd-lot sale). Treasury 234s, 1948, Jan. 14 at 109.25 (odd-lot sale). Treasury 234s, 1951-1953, Jan. 10 at 105.21 lot sale). range. Jones Treasury 3 34s, 1941, Jan. 20 The following transactions were made during the current month and are not included in the year's range because of the reason shown below: Treasury 3 54s, 1946-1956, Jan. 27 at 104.17 (odd- lot sale). Home Owners 2 34s, 1942-1944, Jan. 11 at (odd- 103.6 (odd-iot sale). Cuba (Rep.) 5s 1944, Jan. 8 at 101 (optional sale). Ernesto Breda 7s 1954, Jan. 22 at 36 (cash sale). Sydney 534s 1955, Jan. 6 at 75 (cash sale). Exchange New York Stock MONTHLY AND YEARLY RANGE OF STOCK Shares January -- $144,917,000 $230,987,000 1939 1940 2,046,083,000 .1,669,538,000 1 to Dec. 31 Jan. 202,029,599 207,600,249 —— 1940 1941 ' 1939 1940 Jan. 1 to Dec. 31.-.. Bond Sales January. 15,990,666 13,312,960 _ PRICES DURING JANUARY 1941 1940 1941 Stock Sales RECORD 3. 1915. allstocks are now quoted dollars per share. Prices are on a basis of 100-share * N OTIOE—Oash and deferred delivery sales are disregarded In the month's range, unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the In accordance lots except in the case range for Stock Exchange, effective Oct. of stocks which sell only in a small way with a rule of the the year. AGGREGATE SALES In 12 Months January Jan. 2 1940 EXCHANGE Lowest Highest Sale Prices Highest Lowest Sale Prices Sale Prices Jan. 31 Jan. 2 1940 Shares Bid Par Shares 190 350 2,100 33,300 1,000 2,700 47,900 900 k*, 11,300 4,600 12,000 3,400 6,300 22,100 1,800 7,900 ex-war.100 56 200 5,100 28,300 2,300 16,200 3,100 700 700 10,600 8,200 13,600 11,000 1,230 5,800 4,600 170 19,700 14,800 1,500 26,300 12,300 12,500 200 800 40 4,100 4,900 2,300 470 2,200 600 5,700 19,500 4,400 10,300 9.900 3,500 300 3,800 3,800 1,900 13,400 300 300 18,800 9,800 8,100 2,600 5,300 290 1,790 28,700 9,400 10,100 83,000 110 40,000 4,960 7,200 2,900 2,920 30,400 1,300 1,600 90 16,400 4,500 600 10,600 5,300 300 34,800 5,100 15,400 800 35,300 42,500 800 8,000 12,500 26,600 200 109,600 1,480 2,000 20 3654 50% .1 *800jAllen Industries Inc— 136,100 13,400 142,600 413,300 15,300 374,200 Dye.—-—* 5 Mills Co Inc * Stores Corp * Allied Chemical & Allied Kid Co Allied Allied ... 5 % preferred Allis-Onalmers Mfg. —- —100 -* 32,200 Alpha Portland Cement 1 39,600 Amalgam Leather Cos. Inc 6% conv preferred 50 7,500 .—.* 65,200 Amerada Corp 57,500 Am Agric Chemical (Del).---* 10 433.100 American Airlines Inc 134,700 American Bank Note...—-.10 6% preferred-..-—-—-50 8,400 —1 165,600 American Bosch Corp. 78,400 American Brake Shoe & Fdy..* 6>4% conv preferred-. 100 2,930 99,800 Amer Cable & Radio Oorp..-.l 175,100 American Can—.........-25 Preferred ---—..100 15,000 436,500 American Oar & Foundry....* 654 "454 Sale 934 Sale 1554 1054 Sale 13 Sale Sale preferred--.---—--—.* San—* ..—.—.100 American Rolling Mill..—.-25 434% conv preferred 100 Amer Safety Razor 18.50 American Seating Co...... — * Am Radiator & Stand Preferred — Sale 11 10 15134 10 34 Sale 35:34 Sale 32 Sale Sale 43 Sale 734 4534 634 Sale 7% Sale 30% 128% 1% Sale 35 37 % 126 132 183 34 184 3034 Sale 62:34 Sale 2234 Sale 110 115 119 121 1034 8% 534 9% Sale 734 Sale Sale 87 29 Sale 12 10 Sale Sale 1034 854 534 954 Sale 534 Sale Sale Sale 80 1% 3:34 Sale 1 Sale 1% Sale 434 434 % Sale 17 34 Sale 334 234 1534 1434 Sale 10% Sale 334 Sale 1434 Sale 3634 Sale 334 Sale 29 27% 34 334 Sale Sale 154 22 3 34 12 34 29 51 50 27 34 47 34 Sale Sale Sale 2034 1% Sale 2154 Sale Sale 49 50 16 Sale Sale Sale Sale 13 Sale Sale Sale 234 Sale Sale Sale 11054 119% £2534 Sale 234 Sale 28 Jan. 4 30 Jan. 31 12954,—- 14 154 Jan. 2 Jan. 31 lj^Jan. 9554 Jan. 13 10 87 1754 Jan. 154 Jan. 15 54 Jan. 5054 Jan. 1754 Jan. 5854 Jan. 854 Jan. 46 54 Jan. 854 Jan Jan. 3 Jan. 6 854 Jan. 654 Jan. 1054 Jan. 8254 Jan. 154 Jan. 4 54 Jan. 154 Jan. Jan. 7 3 2 8 30 17 30 Jan. 23 30 51 Jan. 354 Jan. 13 Jan. Sale Sale Sale Sale 162 Sale Sale 1534 Sale Sale 70 Sale 7134 Sale Sale 634 7 34 Sale Sale 834 Jan. Jan. 34% Jan; 654 Jan. 156 Jan. 4 10 13 54 Jan. 50 Jan, 27 1754 Jan. 10 8 Jan. Jan. 15 4 10 12 10 3 1554 Jan. 7354 Jan. 6 40 Jan. 2 4554 Jan. 13 144 156 29 154 Jan. 3 American Snuff....——.—25 6% preferred—.—. — 100 54 Jan. 21 150 10 15054 Jan. 10 Sale Sale 15 Sale 15 Sale 12 34 81 Sale 2434 Jan. 30 Sale 10 Jan. 21 1254 Jan. 1434 Jan. 30 1034 13 34 12 34 Sale Sale Class Sale 6% preferred —100 Sale 153 34 American Type Founders—10 El—......* Sale 534 634 * -* 97 Sale 99 -100 Lead & Smelt— Sale 58 34 Sale Sale Sale 734 Sale Sale $5 prior conv pref-.--—-25 Anaconda Copper Mining..-50 Anaconda Wire & Cable--—.* Sale 53 34 27 Sale Am Wat Wks & $6 1st preferred-—— Woolen—.— American Preferred Amer Zinc, Anchor Hock'g $5 div For footnotes see page Glass Corp 12.50 preferred--------—* Sale Sale 8 3234 1334 112 156 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale m 54 34 ' 5854 Sale 33 34 Sale 1434 Sale 114 71 152 <ian. Jan. 534 Jan. 634 Jan. 9554 Jan. 754 Jan. 53 34 Jan. 6 34 Jan. 54 Jan. 23 54 Jan. 3034 Jan. 13 34 Jan. 11134 Jan. 8 Jan. 8 4 9 Dec. 27 May 23 May 3054 May 122 May 4954 Dec. 139 May 21 15 21 28 t I Nov. 8 [ Mar. 5 \ Feb. 23 Dec. 13 Apr. 11 i Dec. 26 1 26 Feb.. 9 25 May 31 159 Jan. 136 7 1454 Jan. 8 31 16854 Jan. 2 73 54 Jan. 6 31 6954 Jan. Sale 2 14 6 7 4 Jan. 3 35 June 2754 Jan. 6 18 Jan. 6 20 May May 14 54 Jan. 11 11154 Jan. 29 9 754 Jan. 10 31 99 % Jan. 11 31 854 Jan. 6054 Jan. 13 2 31 June 254 May May 83 * June 6 May 2554 May May Jan. 31 31 8 Jan. 3 30 54 30 35 16 9 5 Jan. , 9 15 13 7 ; Jan. 8 Jan. Sale Tobacco.————25 B_. —-25 71 88 4 Jan. American —... 10 13 34 Jan. 16354 Jan. 81 Mar. 11 7454 Jan. Jan. Jan. Jan. Jan. Sale Sale Mar. 19 1954 May 21 3354 Jan. 954 May 22 1454 Apr. 11 May 18 17 54 Jan. 1254 May 28 2354 Feb. Feb. 93 7 7054 Dec. Mar. 18 1154 May 21 145 May 28 17554 Mar. 6654 Dec. 24 8954 Apr. 6854 Dec. 17 9154 Apr. 2854 1154 13 5-4 1554 2 Sale Sale 13 34 1134 16734 Sale 6934s Sale 3 5 30 4 Mar. 20 4 554 30 3 28 Mar. 13 Jan. Dec. 27 I Jan 1 Jan i Nov. 28 Jan. Jan. ; 27 3 12 Jan. Jan. Apr. 954 May 15 4854 May 21 854 Jan. 39 10 22 25 18 15 6 i Aug. 24 Jan. 135 4 Mar. 29 i Jan. 31! June 7 54 Jan. Jan. 35 al2iH Sale May May May May May May July 13 149 70,100 —* 16,000 American Stove Co 100,200, American Sugar Refining.. 100 Preferred .—.100 30,200 17,000 Amer Sumatra Tobacco——* 100 405,500 Amer Telep & Tel eg.. 6 Jan. 31 162 Apr. 23 Apr. 22 ; Apr. 3 i Apr. 1 1 May 23 June 39 Sale 27 ' 30 13 Sale Sale 5 Mar. 25 Mar. 8 , 13 3 4 Jan. Apr. 18 4654 Jan. 5134 Jan. 5434 150J4 14954 Jan. 23 Apr. 30 15134 9 Feb. 3 Jan. Sale Steel Foundries...—-* 426,300 American Stores .....——* May 4 8 1954 Jan. 7 4 Nov. 15 21 21 21 4 4 Nov. 15 Jan. 3 2054 June 2 May 3454 May 2854 May 454 May 30 29 May 10 10 31 18 Jan. Dec. | May fi* 6 Sale Amer July 2 8 8 38 10 9 34 52 June 28 14 30 3 3 Jan. Jan. Jan. Jan. Jan. Jan. 3 May 1254 Sept.13 34 Sale 5034 Jan. 18 2554 Jan. 3 54 Jan. 13 54 6734 634 754 4 Jan. Dec. 24 42 148 Apr. 15 Apr. 9 3 39 153 12 18 Sale 6934 Jan. 9 Apr. 22 Apr, 5 2 30 4 ! Jan. ! Jan. 8 15 115 2 10 16 2 Sale Preferred Dec. Jan. 90 24 25 Jan. Jan. 4 Building..—.* Amer Smelt 3c Jan. Apr. 23 Jan. 10 13 54 3 10 May 10 Apr. 16 Apr. 9 1 Jan. Jan. 93 Dec. ! Apr. 154 Jan. Jan. 3 Jan.- 4 21 22 54 Jan. 4 54 8 Jan. 1054 May 21 254 May 21 954 May 28 23 May 21 3 May 28 23 May 24 May 21 18 21 Dec. 31 Jan. Nov. 26 Dec. 1754 Jan. 3854 Jan. 4J4 Jan. 21 8_ „Jan, 10 3 9 Jan. Jan. Jan. Jan. Jan. 2 34 42 34 6 15 13 |an. Jan. 23 34 Jan. 29 Jan. 13 Mar. 26 a* 10 3 54 Jan. 9 3334 3 34 2934 47 34 1% 112 11 18 8 Jan. 23 21 2 31 154 Jan. 354 Jan. % Jan. 155-4 4«an. 254 7 2 Mar. 11 8554 Dec. 27 May 27 18 May 28 34 May 21 1354 May 28 100 May 21 112 May 28 May 23 554 May 18 May 18 May 21 75 Sept. 30 154 May 22 354 June 17 21 Jan. 30 4 15 28 28 22 Oct. 29 121 854 Jan. 534 Jan. 954 Jan. 8 Jan. Jan. 164 30 115 12 Apr. 554 June 26 May 21 128 May 24 27 30 8 3 Jan. 28 7 30 5 Nov. May May May May June 35 2 13 11 6 78 8 3; Jan. 30 8 Apr. June 10 3154 Jan. 6654 Jan. 23 54 Jan. 29 185 Jan. 12 954 3854 1254 41* * 38 14 Feb. June 11 Jan. Sale Sale 7 Jan. 37 Jan. 30 3 Jan. 8 Jan. 3 Jan. Jan. 3,1 Jan. 30 Jan. 31 2 Jan. Jan. 30 Sale Sale 155 80 13 9034 38 754 Jan. 8 31 30 49 Jan. 16 1334 Jan. 30 8234 Jan. 30 12 54 Jan. 30 2 54 Jan. 24 1734 Jan. 31 Sale 46 7 11 10 8 13 34 Sale 19 24 30 1334 50 234 Jan. 1134 Jan. 1234 Jan. 30 165 179 Jan. 17734 180 27 34 Jan. 27 34 Sale 6034 Jan. 6134 Sale 1854 Jan. 1934 Sale 111 Jan. 107 34 115 Jan. 11734 118 115 12 79 ai0,H 30 126 1% Sale Sale Sale 89 Sale 29 Jan. 6 9 9 10 6 2 35 134 1554 Sale Sale 54 Jan. 1054 Jan. 934 Jan. 2154 Jan. 2554 Jan. 1134 Jan. 1634 134 1454 46 34 1534 4434 7 34 4254 634 1754 1634 1 34 1434 Sale 155 Jan. Jan. «Iilq.._-~4 5 31 30 15134 Jan. 1054 Jan. Sale Sale 2 6 34 Jan. 7434 Jan. 32 Jan. 1534 Sale 17 5 10 Sale 46 Sale 14 Sale 4734 120 25 Jan. 634 7834 7634 Sale Sale 6 Sale Sale Sale Jan. 7% 16 Sale 3 1254 5834 7% 138 3 17 12 Sale 4954 Jan. 29 734 Jan. 10 Sale Sale 9 Jan. Sale 1734 Sale 134 134 1634 1434 40% Sale Sale Jan. 31 4234 Jan. 12 Sale 16 6 3 Sale 74 Sale Jan. Jan.. 18 19 Sale 1054 51:54 7 54 2254 15 34 Feb. 110 Refining.—..-* .——--100 Ship American 91,800 206,600 21,100 150,600 753,300 12,400 318,700 216,000 354,300 8,800 3,171,200 19,580 43,000 2,750 10% 15 2054 Jan. Sale Sale 16234 734 17 34 2034 934 Sale 43 ' Jan. 34 Jan. 834 Jan. % 834 Sale Sale 7 Prices 1 4954 Dec. 17 May 22 30 May 22 34 54 May 25 454 May 28 1654 June 5 1254 June 15 3654 June 10 54 May 23 60 May 21 4 May„.21 100 Dec. 31 54 June 4 554 June 10 454 May 21 7 May 21 1554 May 21 654 June 11 13554 June 10 854 May 15 June 5 10 454 May 21 55 May 28 2154 May 22 2 Jan. 4 34 Jan. -JLiUale. Sale 68 54 Sale Oolortype—...-.10 Com Alcohol 20 56'.700 Amer Crystal Sugar Co -10 3,080 6% 1st preferred-——100 58!200 Amer Encaustic Tiling..—.1 4 800 Am European Securities .* 132!200 American & Foreign Power..* 106 400 $7 preferred • #5 834 19% 24 34 39S % 34 Sale 34 Sale 40 Jan. 7 29 ?1* 16 15 a. 163,700 1,212,400 2,390 605,600 47,450 81,180 45,265 49,990 393,900 18.500 24,400 1,440 Sale 4054 Sale 54 % 74% 49,530 American 71,400 American 2d preferred A 46,900 $6 preferred.. 59,700 470,000 Am Hawaiian Steamship....10 185,400 American Hide & Leather... 1 6% conv preferred 50 13,000 -.1 71,200 Amer Home Products American Ice— 105,200 6% preferred —...100 33,525 110,100 Amer International Corp.—-* 2,900 Amer Invest Co of Illinois..-.1 —50 5% conv pref 9,000 300,800 Amer Locomotive--.——---* Preferred —100 84,300 111,800 Am Mach & Foundry--...—* * 48,600 Amer Machine & Metals 113,700 American Metal..—.——..* 6% preferred.. 100 3,470 14,400 American News Co— 575,100 Amer Power <& Light.....—-* $6 preferred * 124,900 Sale 22% Preferred 100 116,300 161,500 American Chain & Cable——.* 5% conv preferred 100 4,400 * 19,600 American Chicle—-— 190 Am Coal Co of Alleg Co N J.25 . Sale 53 17 120 31 11934 11934 Jan. 38 34 Jan. 43 47 34 Jan. 47 34 Sale 6 Sale 534 Jan. Jan. 21 2254 Jan. 1434 Sale 122% 118 43 3934 120 Sale Jan. 50 Sale 50 Sale 53 Sale $2.50 prior conv pref .* 487,100 Alleghany Ludl'm Steel Corp Pref series A $30 65,700 70,700 Ask Ask Bid Ask I Bid 68 54 Salb * 51,600 Abbott Laboratories Said" 454 conv preferred-.--—100 144 1,920 42 54 4S —* 470 Abraham & Straus —25 48 oWm«5Q-..--31,700 Acme Steel Co 8 54 Sale Adams Express.. ...—-* 209,400 * 32,500 Adams-Millis 32,900 Addressograph Multigraph—10 * 381,000 Air Reduction Inc * 26,900 Air-Way Elec Appli Corp 100 130 Ala & Vicksburg Ry Co 315,400 Alaska Juneau Gold Min—10 "40 Albany &TJusquehanh"a JfRnOd '—"7- — Sale * 236,200 Allegheny Corp Sale Pref series A 830 warr'ts.100 279,600 3.000 * N. V. STOCK RANGE FOR YEAR 1940 PRICES IN JANUARY Price STOCKS 1254 May 107 June 3 12 5 23 23 13 12 15 9 1 4 15354 Oct. 654 Nov. 14 4 1254 Jan. 11 10154 Apr. 15 Apr. 23 21 12 9 21 6154 Dec. 854 Nov. 14 22 5454 Dec. 27 10 Apr. 9 21 32 21 4154 Apr. 8 2254 Mar. 8 21 / 11354 Aug. 23 21 21 40, 4 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES In 12 January Price STOCKS Months PRICES IN JANUARY 1940 1940 Jan. 2 Shares Par 15,200 25,700 24,000 19,000 832,300 104,200 Bid Archer Daniels-Midland * Armour (Del) 7% preferred. 100 Armour of Illinois 5 $6 convertible prior pref. * .. 7% preferred 152,900 Armstrong Cork Co 26,000 Arnold Constable Corp 49,600 Artloom Corporation 140 7% preferred159,500 Associated Dry Goods 5,300 6% 1st preferred 10,700 7% 2d preferred 7,100 69,800 22,400 3,580 39,400 12* 77 16 Jjg-lgX . .— 800 Pref ex-warrants 500 Beech Creek RR Co * 50 31 Sale 10,400 Beech-Nut Packing 20 31,600 Belding-Hemin way * 580 Belgian National Rys part pref 898,300 Bendix Aviation Corp 5 103,100 Beneficial Indus Loan Corp_-# 10,700 Prior pref $2.50 div ser '38-* 53.500 Best & Co * 2,119,500 Bethlehem Steel Corp (Del)_ 73,400 7% preferred.. —100 42,300 Bigelow-Sanford Carpet Inc.-* 45,500 Black & Decker Mfg Co * * 250,600 Blaw-Knox 17,400 Bliss & Laughlin Inc..—....5 1,500 Bloomingdale Bros * 1,540 Blumenthal & Co pref 100 1,130,400 Boeing Airplane Co 98,300 Bohn Alum & Brass Corp 6,120 Bon Ami class A * Class B---. * 7,330 66,800 Bond Stores Inc 1 328,200 Borden Co (The) 15 445,100 Borg-Warner Corp 5 25,100 Boston & Maine RR 100 53,600 Bower Roller earing Co 5 Sale 96,300 Brewing Corp of America. ..3 335,700 Bridgeport Brass Co * 496,000 Briggs Manufacturing * 10,800 Briggs & Stratton 28,900 Bristol-Myers Co 5 320,200 Brooklyn & Queens Transit. _* 1,255,000 Bklyn-Manhattan Transit * 134,100 Brooklyn Union Gas * 5,200 Brown Shoe. Inc * 160,500 Brunswlck-Balke-Collender... * 241,100 Bucyrus-Erie Co 5 4,410 7% preferred 100 332,000 Budd (E G) Mfg * Preferred 7% 36,620 100 * 373,100 Budd Wheel * 173,800 Bullard Co 81,100 Bulova Watch * 278 600 Burlington Mills Corp Conv pref $2.75 series * 287" 500 Burroughs Add Mach * 141,600 Bush T rm Co 1 Bush Terminal Bldgs— 12,890 Depos. ctfs. 7% pref..—100 66,700 Butler Brothers 10 25,100 5% conv preferred 30 139,400 Butte Copper & Zinc 5 100,900 Byers (A M) Co * Partic preferred 9,890 TOO * 36,400 Byron Jackson Co 124,100 1,200 276,600 308,400 159,100 563,300 Calif Packing Corp.- .» 5% preferred 50 Callahan Zinc-Lead 1 Calumet & Uecla Cons Copper 5 Campbell W & C Foundry. Canada Dry Ginger Ale 5 _ 750 Canada Southern Ry Co 682.300 Canadian Pacific Ry 100 25 * 24,100 Cannon Mills 15,700 Capital Admin Co Ltd cl A-.l $3 preferred class A 4,870 10 3,570 Car Clinchfield & Ohio Ry__100 63,700 Carpenter Steel Co 5 53,500 Carriers & General Corp 1 65,800 Case (J I) Co 100 52,600 7% preferred 100 225,300 Caterpillar Tractor .* 706.200 Celanese Corp. of America ♦ 7% prior preferred 33,280 100 310,100 Celotex Corp..... 5% preferred 3,110 100 77,700 Central Aguirre Associates * 105,800 Central Foundry Co 1 Central 111 Lt 45*% pref 3,630 100 23,600 {Central RR of N J .100 58,800 Central Violeta Sugar Co. * 4,900 Century Ribbon Mills 530 For footnotes see Preferred page 40 100 Sale Sale 39 Sale 87 131 Sale 38 Sale Sale 103 Sale Sale Sale 24 Sale Sale 153* Sale 14 153* 173* 173* 2458 675* 173* 185* 195* 16 Sale 1085* 111 Sale Ay* 48 70 1183* 63* Sale "lit Sale Sale Sale 11 Sale 73* Sale 205* 203* 4 43* 123* Sale 80 15 81 153* 48 23 29 725* 1185* 7 Jan. 6 11 28 245* 22 1105* 30 73* 30 495* Jan. 673* 1143* 1133* Sale 63* 23* 29 29 Jan. 1083* Jan. 63* Jan. Sale 683* 493* Jan. 163* Jan. 23 Jan. Jan. Jan. Jan. 30 30 it* 17H Jan. 9 Sale 43* Sale 43* Jan. 30 153* Sale 33* Sale 153* Jan. 30 19 18.. 123* Sale Sale Sale Sale Sale Sale.. 7 293* Sale ~ 5 33* 53* 6 28 Sale 24 9 Sale 9 "TSlTBale 2 6 Jan. 2 Jan. 31 8 ^63* Jan. 28 283* 29 83* Sale Jan. 20 83* Jajo.r„ .3 -20—Sale 28 2 Jan. 43* Jan. 53* Jan. Sale ] 19"3* 29 30 23 Jan ~ Jan. 1113* Jan. 28 102 175* Jan. Jan. Jan. Jan. 31 2 108 9 4 3* 1 1 37 33 25 22 1 Jan. Jan. 40 38 Sale 38 44 453* 43 Sale 2 6 V4 Sale 423* Jan. 23* Jan. 23* Sale Sale 313* 213* Sale Sale Sale *29,x Sale Sale 53 83* Sale 23* Sale 23* 153* Sale 43* Sale 193* 20 33* Sale 103* Sale 20 81 Sale '845* 10 11 Sale 55 Sale Sale 143* 203* Sale 3 Sale 93* Sale 11 Sale 113* 183* Sale 51lPs 136K 13 40 36 54 Sale Sale 393* Sale 29 Sale "23* 53* Sale 1005* Sale 33* —3 3* Sale 50 Sale 1183* 120 443* Sale 243* Sale Sale 85* Sale 673* Sale 183* Sale 2 43* 3 90 28 28 Jan. 16 895* Jan. 1315* Jan. 265* Jan.' 28 523* Jan. 83* Jan. 25* Jan. 10 13 28 215* Jan. 105* Jan. it* Jan. Jan. 805* Jan. 21 Jan. 27 3§H usl* Jan. Jan. Jan. 23 18 225* 205* 205* 15* Jan. 13 395* Jan. 6 Jan. 2 Jan. 10 Jan. 9 45* Jan. 125* Jan. 255* Jan. 41 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 13 3 16 6 Jan. 10 Jan. 6 22 535* Jan. 21 85* Jan. 35* Jan. 10 16 10 Jan. Jan. Jan. 13 Jan. 9 85 12 Jan. 8 Jan. 6 205* Jan. Jan. 25 24 13* Jan. 6 Jan. 35* Jan. 93* Jan. 22 Sale 27 6 4 Jan. 30 2 103* Jan. 3 175* Jan. Jan. 2 24 13* Jan. 63* Jan. 30 75* Jan. 6 143* Jan. 135* Jan. 14 18 Jan. 35* Jan. 353* Jan. Jan. 393* Jan. 7 3 29 29 90 Jan. 29 Jan. 10 24 31 2J* Jan. 9 119 7 Jan. Jan. Jan. Jan. Jan. Jan. 673* Jan, Jan. Jan. Jan. Jan. Jan. Jan. Jan. 53 40 45* Jan. 385* Jan. 33* Jan. 41 Jan. 91 29 30 31 6 9 17 2 22 Jan. 10 7 9 13 6 17 13 30 Jan. 14 3 Jan. 29 Jan. Jan. Jan 10 30 59 29 125 31 505* 31 285* 31 1205* 2 Jan. 10 23 21 10 21 28 95 3 Jan. 175* May 125* May May 13 Jan. 10 Mar. 4 Mar. 4 Mar. 4 Apr. 10 195* May 10 2 65* Jan. 8 Jan 145* Jan. 525* Jan. 165* Apr. 85* Jan. 305* -Dee.-1-3 135* Jan. 4 255* Dec. 30 365* Apr. 17 1155* Mar. 12 355* Apr. 16 1125* Apr. 22 13 29 14 8 Jan 22 Mar. 15 25 Apr. 29 Nov. 12 Nov. 13 Apr. 5 Nov. 1 Sept. 11 Jan. 5 375* Apr. 30 295* Apr. 6 125* Nov. 20 119 Dec. 10 65* Jan. 5 725* Nov. 14 85* Nov. 9 36 Oct. 31 355* Nov. 15 215* Jan. 10 125* Jan. 3 55* Apr. 22 55* May 21 4 5* May 21 175* May 28 25* May 24 65* May 22 39 May 22 9 May 21 165* Oct. 23 75* Jan. 4 235* Apr. 3 5 Sept. 5 135* Jan. 3 14 May 505* July May May May JX 34H Dec. June 48 17 June 106 June Sept. Apr. 18 Apr. 3 Apr. 17 Mar. 6 Jan. 3 ^Apr. 4 May 1 Dec. 30 May 9 Nov. 8 Jan. 4 Dec. 27 Jan. 4 Apr. 29 Dec. 4 Feb. 15 Jan. Mar. 15* Dec. : 4 May ; Oct. Nov. 13 155* Jan. 4 May 1 Apr. 22 Aug. 13* May 88 82 Feb. 9 Mar. 13 Feb. 21 Feb. 21 July 25* May 29 3* May 2% Dec. 365* Aug; 755* June 225* May : 2 May : 395* May : 13 Jan, 7 135* 265* 415* 535* 45* 245* 75* Dec. 23 May 21 2 425* May 20 May I 1055* May : 5 May I 29 13 14 14 Jan Jan Jan Jan Jan Jan 97 100 Jan 735* 195* 25* 1155* 23* 53* 35* May 14 5* May 9 6 Jan Jan. Nov. Dec. 2 Jan 10 M 8* 20 9 235* Jan. 44] 241 21 15 21 May May 38 6 9 53* 215* 45* 115* 50 120 31 14 June 17 105 May 7 295* May 14 325* Oct. 3 May 22 127 Jan. 24 75* June 11 AH Apr. 9 10 Nov. 26 675* Apr. 2 245* May 28 365* Apr. 9 175* May 22 225* Mar. 13 June 25 665* Jan. 18 May 21 39 Jan. 3 May 23 935* Nov. 9 1095* May 22 134 Nov. 20 14 May 21 345* Jan. 5 15 May 15 225* Apr. 4 55* May 15 115* Jan. 4 135* May 21 235* Jan. 3 11 May 14 16 Apr. 3 54 June 27 95 Nov. 23 12*4 Aug. 16 285* Apr. 15 195* May 22 34 Nov. 9 99 May 23 1235* Jan. 5 515* Dec. 30 705* Mar. 20 19 May 22 Apr. 25 17 June 10 Mar. 27 12 5* May 21 25% Jan. 3 5* Dec. 25* Jan. 4 26 May 22 385* Nov. 15 2 17 2 3 24 May May May 21 May 35* May Jan. Jan. Jan. Jan. Jan. 4 40 805* 1245* 85* 7 55* 21 325* 1€ 85* 11 23 15 15 4 Feb. 102 27 13 13 14 2 53 Dec. 9% Mar. 19 51 2i 45* Dec. 8 May 153* Jan. 43* Jan. 81 7 111 135* May Jan. 445* 25* 65* 145* 305* 23 5* 125* 103* Jan. 1153* Jan. 31 118 43* Jan. 31 55* 60 Jan. 30 685* 65* Jan. 30 x7% 283* Jan. 30 345* 293* Jan. 30 33 173* Jan. 31 185* 183* 23* 1133* 23* 23* 5 43* 3 3* 25* 95 95 23* Sale 115 7 16 30 30 2 91 Sale 2 31 35* Sale 119 3 Jan. 923* 293* 33* Sale 18 123* Jan. A* 40 Sale 65 Sale Jan. Jan. Jan. Jan. 31 30 31 13 36 Sale Sale Jan. 2 Sale Ax 42 Sale 29 Sale 373* Sale 30 21 24 Jan. 20 5 Sale Sale 6 13 Sale Sale 30 2 43* Jan. 105* Jan. 215* Jan. Sale 21 31 7 31 Sale 303* 30 223* Sale 213* 123* Sale 103* 114 1163* 115 4 53* Sale 643* Sale 60 x7X Sale 63* 34 Sale 283* 323* Sale 293* 183* Sale 1738 31 31 7 Jan. 33 43* 43* Sale 105 133* 313* 31 30 13* a 21 173* Jan. Sale 3 6 Jan. 30 21 Jan. Jan. 19 6 Jan. Jan. 525* Jan. 193* Jan. 43* Sale 123* Sale Sale 2 3 8 107 Sale Sale Sale Sale 125* June 4 May 1% Feb. 10 May 4 Aug. 11 Jan. 32 163* Jan. 293* Jan. 110 523* 203* 195* 175* 2 14 iWA i!H 8 Jan. Sale June May 23 43 5* June 5 57 May 23 125* May 2 5* May 3 3* May 6 Jan. 45* Dec. 295* Jan. 245* Dec. 105* Jan. 83* May 75* Jan. 4 May 285* Jan. 20 May _9.5g_Jan-.--40 "75*~June 245* Jan. 6 235* Dec. 305* Jan. 24 205* May 114 Jan. 7 1115* June 245* Jan. 11 185* May 105 May 3 80 163* Sale 02 7 14 45* Jan. 55* Jan. Jan. 90 353* 25* 2 2 Jan. Jan. 12 30 Sale 123* 10 375* Jan. 205* Jan. 563* Jan. Sale Sale 110 393* 3 29 -_ 75 533* Sale 225* Sale 193* Sale 19 11 102 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale 30 107 21 107 12 13 85 24 225* Jan. 1063* 31 323* 315* 120 121 1233*1—Sale 75 75* 75* 113. 105* Sale 353* Sale 335* Sale 193* Sale 1934 Sale 56 563* 57 Sale 293* Sale Sale 823* Sale Sale 130 1303* 128 253* 253* 253* 243* Sale 193* Sale 195* Sale 83* Sale 83* Sale 163* 173* 173* 80 28 25* Jan. 205* Jan. 53* Jan. 16 355* Feb. 27 65 Aug. 29 84 Dec. 9 495* May 22 95 Dec. 5 295* June 18 45 Mar. 20 82 May 23 1005* Mar. 8 13 May 21 255* Jan. 3 395* May 21 645* Dec. 13 95* May 22 235* Jan. 3 85* June 6 225* Apr. 20 95* June 5 225* Apr. 20 185* May 21 275* May 7 24 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 16 9*3 52 113* 43* 14 ., c Sale 95 Jan. Sale 102 25* 63* Jan. 110 33 127 9 Sale 23 100 31 123 20 Sale Sale 35 1113* Sale 22 3* 233* Sale 235* 9 18 115 24 3* "Sale 103 107 Sale Sale 87 99 18 112 243* Sale Jan. Jan. 93 Sale . 9 83 92 603* Jan. 33* 43* 53* 243* ..93* 63* 283* 83* ~245*_Sale 283* Sale Sale Sale 75* Jan. 84 64 Sale 185* 56,. 293* — 30 13 EX 16 Sale 173* 563* 63* Jan. 10 10 14 Jan. Sale 43* 19 Sale 14 Sale 15 Sale Sale Jan. Jan. Sale 63* 23* Sale *3W Sale 90 35 Sale 73* 103* 343* 633* 90 Jan. 15% Nov. 12 43* Apr. 10 5 975* June 6 1115* Dec. 11 May 21 75* Apr. 22 May 21 645* Apr. 22 585* Jan. 4 68 Apr. 20 225* May 21 43 X Apr. 4 65* May 22 11 Apr. 4 35* May 22 95* Jan. 4 965* Jan. 12 102 July 33 45* May 22 9 Jan. II 20 Sale 113 1,106,200 Baldwin Loco Wks Jan. 345* Jan. 8% Jan. 65* Jan. 36 343* 96 933* 215* Sale 483* 673* IY\ , 363* 7 2 vt tr ctfs_13 173* Sale 350,800 Baltimore & Ohio 100 53* Sale 128,300 4% preferred. 100 73* Sale 48,200 Bangor & Aroostook 50 133* Sale 13,490 5% conv preferred 100 52 Sale 99,800 Barber Asphalt Corp 10 26,200_ Barker-Broa.■=---=•■rrrr* £-5201 55*% preferred 50 26 29 Barnsdall Oil Co. 294,100 " -5 123* Sale ■—-20,300 Bath-Ir on Works Corpw«,_.—_1 111,200 Bay uk Cigar inc. * 263* Saie 680 If 1st preferred 100 1133* 1143* 77,600 Beatrice Creamery --25 273* Sato 2,200 $5 preferred with warr * 1073* 1083* 8?K 60 2 17 31 June 4 35 27 Jan. 5 943* 94 Jan. Jan. 20 23 25 58 83* Jan. 63* Sale 83 1103* Sale % 163* 20 73* Sale ^ 1115* Jan. 5% Jan. 29 Sale 90 Sale It* it* Sale 5 May 21 15* June 17 13 16 60 x313* 83* Sale 83* 343* 933* 183* 613* Sale 18 Jan. 473* Jan. Sale 7 8 17 23* Jan. 43* Jan. Sale 68 Sale 80 20% Sale 108 % 109 % 8% Sale 473* Sale 633* 65 1233* 1233* 3 Sale 60 92 78^ 393* 95 97 5* 245* Sale 50% Sale 22% Sale W 5 54 60 53* Sale 803* 100 65* Sale 775* 365* 2 123* Jan. 8 3 Jan. Sale 8 Highest Sale Prices 30 110 29 9t* 10lli 100 Sale Lowest Sale Prices 13* Jan. 283* Jan. 23* 293* Sale 40 4IH QL 75 ifoi Highest Sale Prices Sale Prices 11 Jan. 17 Sale 13* 29 Lowest Ask 11 135* 23* 28 Sale 103* QU Jan. 31 Ask Bid 1113* Sale 58 105* Atchison Top & Santa Fe--100 5% preferred100 Atlan Coast Line RR 100 Atl G & W I SS Lines.... 1 70,420 nHnr A 12,500 1,430,600 Aviation Corp (Del) The Sale 37 5* 1 100 100 6,200 Associated Investment Co—* 368,000 12 52 100 5% preferred lOo Refining 25 4% conv pref series A.^.100 Atlas Corp 5 6% preferred 50 Atlas Powder.. 4 ; * 5% conv preferred 100 Atlas Tack Corp L * Austin, Nichols & Co * 135* Sale 32 5 * Atlantic Bid 1065* Sale 55* Sale 475* Sale 100 * 5% preferred Ask 125* 35* Andes Copper Mining Co—20 APff Paper Co Inc. :5 600 15,080 610,800 65,000 202,700 37,010 32,200 345,700 RANGE FOR YEAR 1940 Jan. 2 N. Y. STOCK EXCHANGE : 3 9 Apr. 5 May 10 Mar. Apr. 7 16 AGGREGATE SALES In January Jan. 2 EXCHANGE 1940 Par Shares 221,800 Cerro de Pasco Copper,--.--* —1 165,300 Certain-teed Products 6% prior preferred 112,340 --100 * 14,700 Chain Beit Co 38 6 k 32 k 4k 41 ik Sale iih> Sale 14 h Sale 35 k 33 k 49 46 k k o % Sale 100 5 * aivs) 100 --100 100 -* 9* s8 Sale TH Sale 41 Sale Sale 60 94 k 45 2k „ 114 k' Sale 77 k 76 stock—.—50 5% I.840 2.50 —* 24 100 88 100 Class B 72,000 74 k 93 7 preferred 32,020 Columbian Carbon 68,500 Columbia Pictures —* Corp Sale 6% * 82.75 conv preferred—-—* Commercial Credit —10 4k% conv. preferred—100 Comm'i Investment Trust—* 84.25 conv. pref ser of 1935-* Commercial Solvents———.* Commonwealth & Southern--* Sale 78 94 k Sale 19 k 46 k 86 preferred.., * 124,600 1,204,800 Commonwealth Edison Co--25 Sale 70 k 23,000 230,500 6,900 278.620 7,200 901,400 2,366,538 Sale Sale 03 k 105 52 k Sale 07k 110k Sale 14 32 k Sale Sale Sale 5k lk 30 3 3 Sale 35 Sale 2k Sale 95 50 46 16 k Dec. Jan. 13 Jan. 13 Dec. Jan. 17 ke Dec. 14 k 18 1ss Dec. 31 k Ilk 16 k 6 k 8 H 4 k 29 9 27 Jan. 27 72k Jan. 2 10k Jan. 31 3 100k Jan. Jan. 46 Jan. Jan. 31 27 3 lk Aug. :28 Nov. Aug. 16 34 May 28 91k Apr. 8J Oct. 28 14 k Jan. Feb. 85 Sept. 26 98 Jan. 44 Sept. 16 xOO 4 k Apr. 2 May 15 24 May 21 40 k A_pr. 113 k 31 30 k 30 84 k 83 Jan. Jan. 49 83 84 Jan. Jan. Sale 113 Sale 29 32k 82 8( 113 85 Jan. 4 37k Jan. 13 48k 27k 29 k Sale" Jan. 15 24 10 29 31 114 Jan. 21 30 8 30k Jan. 10 31 9 31 2 34 Jan. 145 Sale 143 Jan. 22 145 Jan. 101k Sale 101 Jan. Jan. 31 106 Jan. 19k 76k Sale A* 66 72 68k 77 Sale 79 5k 22k 29k 103 k 35k 108k 10k % 5ik Sale Sale 50 29k Sale 28k 5k Sale 23 k 28 k Sale 100 k 24 Sale Sale 35k 107 Sale Sale Apr. 8 Feb. 10 May 10 Apr. 4 5 k Apr. 4 5 Apr. 4 _ lk Dec. 18 lk Oct. 24 18 21k Jan. 6 30 21 Jan. 6 Jan. Jan. 9 25 i Jan. 13 i Jan. Jan. Jan. Jan. 17 Jan. 6 Jan. 10 32 Jan. 15 97 Jan. Jan. Jan. Jan. 4 8 4k Jan. 31 4k Sale 2 82k 76k Jan. 74 68k Jan. 13 70 2 80 77 Jan. 80k 2 6k 5k Jan. 5k Sale 24k 23k Jan. 31 Sale 28k Jan. 30 30k 101k 100k Jan. 27 104 2 Sale 37k 35k Jan. 108 k 107 Jan. 29 110 Sale 9k Jan. 30 Ilk Sale % k Jan. 31 Sale 49 Jan. 30 53k Sale 27k Jan. 21 30k 2 85 Ji 16 k May 21 108 May 23 112 k 24 12 k May 21 4 k ks Dec. 17 Jan. 19 Sale 8 Mar. 20 41k Apr. 1 45 k Apr. 4 Dec. 4 131 May 22 145 Mar. 30 99k May 21 131 63 Feb. 27 56 May 24 20 "Feb.'2r TO k May 21 94 June 1-0 102 k Dec. 26 19k Jan. Sale 20k Sale 26 k Mar. 12 May 21 May 21 4k May 22 67k May 28 16 Mar. 12 16 6 June 71 3 14 6 16 W 3 59 May 29 May 21 May 24 27 k June June 95 2 June 25 42 11 26 4 113 28 May 21 10 Sale Sale 10 20 17k Jan. 13 Sale 26 Jan. 2 14 May 17 k June 13 Jan. Jan. Jan. 30 29 k Jan. 15k Jan. 16 10 97k Jan. 28 63 75 6k Jan. 30 85 preferred 74,200 31,100 Consolidated Film Industry— 82 partic preferred * 67.700 -.5 79,000 Consol Laundries Corp 927,600 Consolidated Oil Corp———* 20,300 Consol RR of Cuba 6% pf-100 07 k Sale 8 Sale Sale Sale Sale Sale lk 25 67,800 Consolidation Coal Co.. 5% conv pref-100 15,100 16,000 Consumers Pow Co 84.50 pref_* 248,700 Container Corp of America- .20 139,500 Continental Baking Co class A 149,900 23,100 Class B 100 8% preferred 20 274,600 Continental Can 85,300 Continental Diamond Fibre.-5 Continental Insurance 2.50 123,800 1,604,600 Continental Motors 5 475,500 Continental Oil of Dei * 60,400 Continental Steel Corp 349,100 38,000 22,440 249,800 7,600 346,100 139.800 Copperweld Steel Co Conv pref 5% series k Sale Sale 2k Sale 4 Sale Sale 16 * Preferred ex-warrants. * 5 525,700 13,800 538,400 76,300 4,990 349,400 14,900 Crown Zellerbach 100 Corp 5k % conv pref 85 conv preferred—.---_--* Crucible Steel of America—--* 5% conv pref 100 Cuba RR 6% preferred—.100 10 -——---100 Cuban American Sugar Preferred 52,700 Cudahy Packing Co 31,700 Cuneo Press Inc --6 266,400 Curtis Publishing Co (The)--* Preferred -————* 81,100 Prior pref 18,800 Curtiss Wright Cqrp 1 3,000,100 Class A... —————1 573,000 655 Cushman Sons 7% pref-—-100 88 preferred 410 106,300 Cutler-Hammer Inc.. ——6 II,100 Davega Stores Corp Conv 5% preferred —25 5,700 65,000 Davison Chem Corp (The) — 1 2,320 Dayton Pr & Lt 4k % pref-100 For footnotes see pageI40. 18 Sale Sale 7k 2k 5k k 3k 16k 106 Sale 14k 8k k 88k 38 k Sale 37 Sale Sale 92 96 4 Jan. 15 7k Jan. 21 23 k Jan. 22 107 k Jan. 7 13 9 k 21 k 97 k Jan. 7 k 6 103 40k 3 k 23 k 28k Sale 7k Sale Sale Sale 29k 8* — Sale Sale 16 k 17 Jan. Sale 105k Jan. Sale 14k Jan. Sale 2 10 8* Jan. 7 5k 30 3H Jan. 13 2 k 31 6 Jan. 6 5k % Jan. 4k Jan. 4 30 30 9 k 7k 9 k Jan. 3 Jan. 28 70 8 33 49 k Apr. 27 k May 25 2 May 15 16k June 10 40 k Mar. 4k Feb. Sale 79 Jan. 31 Jan. Jan. Jan. 31 " Jan. 29 22 Sale Sale 21k Jan. 3 Sale 21k 16k Sale 16 Jan. 30 55 Sale 54k Jan. 48k Jan. 44k Jan. 23 57 k Sale 48 46 Z177 Sale Sale 4k Sale 175 103 31k 105 Sale Sale I* !?* Sale Sale Sale 90 Sale 40 k Sale 3k 7k 4 Sale 81 Sale 13k 26k 4k 44k Sale Sale Sale Sale 10 k Sale 30 Sale 90 Sale Sale 75 k llv> 4* 76k Sale 4 Sale 76 k Sale. 44k Sale Sale Sale 22 Sale 14k 22k Sale lk Sale 43 k 45k 33 k Sale 8k Sale 29 Sale 27 70 78 70 Jan. 4k k 17k 102k 17 k 4k 23k Jan. Jan. Jan. 30 8 Jan. Jan. Jan. Jan. Jan. Jan. 18k Jan. 40k 7k 39k 4k 20k 23k 56 Jan. 52k 47k 2 182k 13 4k 7 k 3 30 Jan. Jan. Jan. Jan. Jan. 19k Jan. Jan. Jan. Jan. Jan. 31 107 19 15 6 10 2 11 14 2 24 8 13 16 4 10 Jan. Jan. 16 Jan. Jan. Jan. Jan. Jan. 24 4 Jan. 22 42k Jan. 31 Jan. Jan. 31 30 92 Jan. 16 39 k Jan. 30 47k Jan. 98k Jan. 2k Jan. 4k Jan. 80k Jan. 16 43 14 90 30 87k Jan. 30 2k Jan. 29 4 Jan. 31 6 76 Jan. 2 44k Jan. 2 13k Jan. 23 Jan. 22 2 18k May 21 15k Mar. 16 47 May 21 41 165 4 13*' 5 7 3 6 13 13 Jan. 13 16k Jan. 25 Jan. 2 lk Jan. 45 Jan. Jan. 10 25 9k 43k 19k 3k 17k 48 k Sale 47k Sale 4k 18 Sale 113 113k 113 Sale Sale 4 17k Sale 114 lk Jan. 43 Jan. 20 Jan. 9 8k Jan. 30 Jan. 30 32 27 34 9 9 May 21 Sept. 28 June 15 k Jan- 13 6k Jan. 113 Jan. 30 17 3 19k 3k 17k 7k 114 Jan. Jan. Jan. Jan. Jan, 8 15 10 9 24 10 Apr. Jan. 9 9 5 2 5 Apr. 8 25k May 70 May 8 8 3 61k Jan. 4 65 k Jan. Dec. 16 7k Apr. lk Apr. 8 5 5 June 11 38 k Apr. 3 45k Dec. 30 45 k Dec. 27 May 22 May 21 May 21 9k May 23 6 19k June A" 2V& Oct. 16 June 17 Dec. 23 July 25 May 21 June 31 4 Jan. 21k May 4 9 95k May 47 k Dec. 13 25 Dec. 13 10 x99 75 k Oct. 6 4k Jan. lk May 24 8k May 10 3 k Aug. 15 60 May 21 91k Feb. 24 45k Dec. 31 45k Dec. 31 75 42 18k Jan. 3k Jan. 25 33 Apr. May 25 184 July 17 30k June 12 29 9k Jan. 29k Jan, 36* 6 47 10 9k Apr. 24 Jan. 10 3 24 k Jan. Nov. 29 June 13 106 75 5 32 k Feb. 2 17 k Dec. 2 7k Jan. 3k May 22 '0 9 May 28 40k Dec. 14 6k 27k 45k 45k 15k 6 May 21 4k May 21 90 42k 18 k 3k 16k 6k zl75 17 90 47k 33 112k Sale Sale 17 k Sale Sale 102 k Sale 106 17 k Sale 18k Sale 4 4k 5k Sale Sale 23 k Sale 44 -45 k 42 k 45 * 45 k 42 k Sale 44 14k Sale 14k Sale Sale 91 91k Sale Sale 40 46 k Sale 88 k Sale 97 k Sale 3 Sale 2k 18k 44 k 60 Sale 178 4k Sale Sale Sale Sale 4k k 3 9 Nov. 15 Dec. 11 2 18 Sale Jan: Nov. 14 28 Sale 51 4 4 k Jan. 18 55 Apr. Apr. Apr. 2 Sale x45% Sale 5 Mar. 25 Jan. 3 k Jan. Sale 64 k Sale 172 k 180 61 15 8 Apr. 22 Sale 4k 19k §g 3 17 11 11 21 Jan. Sale 7k 8k 93 k 6 Feb. Dec. k Jan. 15k Jan. Sale 7 k 2 k May 100 May 9k May 32 k Nov. 110k May lk Aug. 10k May 4k May 8k May Dec. May 21 May 22 23k May 22/108 k 19 k May 15 k May lk Dec. 97 k June 2 37 6k 37k 3k Sale 9 2 8 Feb. 7k Jan. 8 106 Sale Sale Jan. 21 Jan. 24 31 37k 3k 7k 38 k 4 11 Mar. 31k Apr. 16 Apr. 99 k Dec. 7 k Jan. ' Sale Sale Jan. 22 106k Jan. k Jan. 7k Jan. 2k Jan. 5 k-Jan. k Jan. 3k Jan. 2 18k 42 k 7 100 30 20k 101k Sale Sale lk Sale 92k 94k 23 k 82.25 conv pref w w— lk 16k 13 k -——25 337,800 Crane Co 5% conv preferred — 100 23,530 37,400 Cream of Wheat Corp (The)—2 35,600 Crosley Corp (The) -.-_* 248,900 Crown Cork & Seal 5,390 18,210 3k .00 4k Corp— 8 Sale 4k 7k lk --1 1 Coty Inc Coty International Sale 9 50 Co.-20 25 ——-.100 Refining Preferred 89 k 8 30 k 5 Corn Exch Bank Trust Corn Products 7k 80 3 3k 16k Sale 26k Sale Sale 13 k Sale 96 95k Sale 96k 99k Sale Sale 6k Sale Sale 22k Sale Sale 106 k Sale Dec. 16k Apr. 5 lk June 28 73 k Jan. 8 33 Apr. 8 2 k May Sale 3k Jan. 16k Jan. Jan. Sale 29 k Consol Aircraft Corp— Consolidated Cigar 26 48 Jan. 3 13 108k Feb. 21 56 10 Apr. 8 25 k June 23 Publications——-• Congoleum-Nairn Inc * Conde Nast 8 8 Jan. 10 June k Dec. Apr. Apr. 98 k Apr. 4 8k Mar. 15 May 21 1 * 7% preferred—-.100 6k % prior pref 100 Consol Coppermines Corp 5 1,290,200 Consol Edison Co of N Y Inc.* 18,800 103,800 343.400 152.500 4,370 8,210 709,200 18 83 k Dec. 48 46 k May 16 25 k May 22 25 k May 21 30 62 61 61 62k Jan. 7 Uk*"Jan". 31 7 Y2'k" J an. "24 -Ilk Sale-" 101k Sale,- 101 k-Jan- -31 102 k Jan-., . 2 Sale 27 Jan. 31 27 30k Jan. 9 3 112 Jan. 9 110 Jan. 111k 114 18 20 Jan. 10 18 Jan. 21 17k 2 lk 1 lk Jan. 13 k Jan. 3 2k Jan. 13 lk Jan. lk Sale 6 ik lk Jan. 13 lk lk Jan. 19k 4k 26 43 k Mar. May 21 May 16 26 8 31 27k Jan. 29k Jan. Sale 56 Jan. 49 6 30 Nov. 14 8 133 June 19 74 k Nov. 15 May 21 114 k Jan. 10 74 Jan. 9 8 26 July 108 33k Jan. 83k Jan. 85 15 24 4 13 13 13 9 3 3 28 15 25 531 124 70 Jan. Jan. Dec. Dec. Dec. Jan. Apr. Jan. Mar. Apr. Mar. 20 17 17 2k Jan.- 11 35 Jan. 30 28 7 k May 21 9 May 21 Jan. 2 4 Oct. 2k 12k 15k 44 k 51k k 8k May 15 23 k May 21 41 May 22 9 Jan. 18 6 k May 21 125 - 1,418,500 Columbia Gas & El 6% preferred series A 40.700 64k Jan. 9k Jan. 10k 100M 46k 48 k 45 H 39 k 3 Sale 85 35 6 Jan. Sale 145 113 Ilk Jan. 2k Jan. 25 21 10 2 22 106 May 9 22 30 k Apr. 18 10 29 k Mar. 23 4k Apr. 3 15 Dec. 10 28 44 Dec. 30 June 17 101 3 May 15 2k Jan. k Jan. 9k Jan. 13 k Jan. 9 65 k Sale 36 31 Jan. Ilk 22 June May June Oct. May 2 6 29k May 28 11 10 8k 14k 44 k 52 k 3aj Jan. Sale 15 99k 17 k 10 k 2k 30 k 84 k k Jan. 4 Sale 9 38k Dec. /is Jan. Jan. 4 Sale Ilk Jan. Jan. 22 k May 24 3 k May 22 15 k May 21 13 27 13 30 9k 50 3 41k Jan. 10 8 k Feb. 15 2 9 13 14 4 44k Jan. 10 102k Jan. 28 lk Jan. 2 Sale 8 12 Sale 27 Sale Sale 96 50 18 13 31 50k Jan. ke Jan. k Jan. 51k k k 50 28 k Sale Sale" * 308,800 Climax Molybdenum Co 33 k Sale --* 35k Sale 309,800 Cluett Peabody & Co 143k 147 --...--100 30% L7T0| —Preferred 106 Sale Sale * 118 72,000 Coca-Cola Co (The) 60 k 62 k 65 Oltiss A ■ 62 k 7.400 Sale- —12 k- Sale— 451.500 ColgatftrPaimoIiYe-PeetOQ ..-.*. l&H :102k-Sala:, —5;000 —$4 ;25-preferred^-j-si--. 28k 29* 33 k Sale 78.000 Collins & Aikman— 110 112 6% conv preferred 100 110 3,350 18k 19k 18k 19k 96,000 Colorado Fuel & Iron Corp--* k Sale 4% Sale 7,020 Colorado & Southern.---..100 lk ik 5 Sale 4% 1st preferred--100 20,430 ik ik 4k 5 4% 2d preferred ----100 4,490 Columbia Broadcasting 20k Sale 24 k Sale System Inc class A—..2.50 109,100 Special gtd 4% 230 Sale 51 k 10k 2k 17 30 Jan, Sale Jan. Jan. Jan. Jan. Jan. 20k Jan. 7 k Jan. Ilk Jan40 Jan. 7* 7k ke 96 32 18k 14k 2k k 13 J 9k Sale 103k Jan. 19k Jan. 20 16k 15k Jan. 2k Jan. Sale 41 Jan. Sale 101k Jan. Sale lk lk Jan. 34k 5k 37k 21k 3 105 Sale 105 Sale 50 k Sale 3H 31 k 3 31 10 40 42 90 12 h Chrysler Corp —-—5 City Ice & Fuel --* 6 k preferred 10,330 100 720 City Investing Co -100 5 26.900 City Stores 88,100 Clark Equipment — * —100 100 C C C & St L Ry Co 250 5% preferred 100 4,720 Cleve Elec 111 $4.50 ser pref—* 77,500 Cleve Graphite Bronze (The)-l 980 Cleve & Pitts RR Co 7% gtd-50 31 12 25 72 k 36 31 25 Copper Jan. 4k Jan. 30k Jan. 20k Jan. % Sale Sale 132 * 30 44 k ke 7k 14 k Sale Prices Sale Sale. 21 101k lk lk lk 2 k 2 Highest Lowest Sale 105 100 95 ' Childs Co Chile Sale 93 21k 104 19k 20 18 Sale 2k 3 42 k Sale Sale Lowest 4k 31k 19k Sale 21 Highest Sale Prices 30 Sale Sale 35 103 k 103 26 25 k 17 16k 101 9,400 Chicago Yellow Cab Chickasha Cotton Oil------10 62,700 112,300 1,730 1,424,800 71,400 30% 4% Sale Lowest Ask Ask Bid Bid Sale Sale 193* 20 k Champion Paper & Fibre Co-— 2,350 6% preferred —100 Common --* 46,300 5 27,500 Checker Cab Mfg 151,800 tChesapeake Corp * 555,200 Chesapeake & Ohio 25 Preferred series A 100 12,100 9,800 IChic & East ill RR 6% pf_100 JChicago Great Western— 53,800 4% preferred 27,700 Chicago Mail Order Co 165,300 Chicago Pneumatic Tool Ask Bid Sale Prices Jan. 31 Jan. 2 1940 $3 con v preferred— 21,600 Prior pref ($2.50 cum 7,900 25,600 tChicago R 1 & Pacific 24,800 7% preferred 6% preferred 22,700 RANGE FOR YEAR 1940 PRICES IN JANUARY Price STOCKS N. Y. STOCK Months 12 33 STOCK EXCHANGE—STOCKS N. Y. FEB., 1941] 10 7 15 3 May 21 13 k May 22 3k May 22 Sept. 14 k May 107 17 Apr. 22 29 k Feb. 4k Jan. 24 4 51 May 4 35 k Oct. 28 8 Ilk Mar. 32k Mar. 14 92 60 23 9 May 10 Oct. 4 Mar. 5k Mar. 7 18k Nov. 12 8k Apr. 4 Nov. 22 June 13 114 34 N. Y. STOCK AGGREGATE HALES In PRICES Shares 33,400 7,400 1,000 32,500 20,000 400 2,900 3,050 4,300 1,100 9,800 9,400 1,200 100 850 7,300 12,500 14,000 4,500 0,500 1,900 3,500 00 24,000 3,500 200 21,000 3,000 7,200 310 14,500 700 25,100 39,500 Jan. 2 Bid 352,800|Deere & Co 48,300 , Preferred 20 26,300 Deisel-Wemmer-Gilb Corp__10 282,900 Delaware & Hudson 100 255,100 Del Lackawanna & Western_50 14,600 IDenver Rio Gr & West pf_100 28,610 Detroit Edison 100 30,260 Devoe & Raynolds A * 40,400 Diamond Match * 26,100 Partic 6% preferred 25 73,300 Diamond T Motor Car Co—2 196,400 Distil Corp-Seagrams Ltd * 15,700 5% prer with warrants—100 14,490 Dixie-Vortex Co_ * Class A 13,710 *, 110,200 Doehler Die Casting Co * * 222,000 Dome Mines Ltd 538,400 Douglas Aircraft Co Inc * 131,500 Dow Chemical Co 273,500 Dresser Mfg Co .* 113,100 Dunhill International .1 11,700 Duplan Silk * 1,280 8% preferred 100 413,600 Du Pont de Nem & Co (E I) .20 $4.50 preferred 55,550 * 4,370 Duquesne Light 5% 1st pf.100 716,000 Eastern Airlines Inc 1 22,700 80.oO 3,100 5,300 6,400 800 *4",500 4,200 6,200 800 670 5,900 5,600 600 220 4,000 4,800 3,900 1,300 5,600 1,600 2,100 5,900 "9",200 2,400 5,600 12,700 2,900 700 2,200 810 1,900 290 13,700 1,140 1,700 190 17,500 1,000 5,700 4,500 3,780 50 11,400 1,200 700 4,200 "7", 500 5,800 220 5,000 5,700 2,300 1,500 2,200 770 153,000 22,100 600 8,600 200 2,600 1,440 218,000 5,100 1,400 4,700 3,900 100 2,600 4,000 100 5,800 1,600 11,500 3,500 3,910 3,200 49,100 400 90 7,200 19,200 2,800 79,500 54,000 78,900 16,900 80 190 85,200 15,000 60,100 197,600 36,700 9,400 22,700 42,900 133,300 42,600 25,060 1,110 89,500 22,300 2,300 75,700 5,700 105,200 133,000 17k 82 k 142 3,320 7k 12 117 Sale 30 116k 33 k 29 k 6 16k 38 15k lk 7k 31k Sale Sale 27 Sale 28 k 41k Sale 43 Sale 88 k Sale 93% \* * 100 100 100 5 33k 34k 106k 107k 100 10 * 16 * 56k 5 . 7k 138 3 * 1,875,100 General Electric Co 40 k 345,600 General Foods Corp * 47 k 84.50 preferred * 8,500 117 General Gas & Electric cl A..* 113,700 lk 86 conv preferred A._.....* 680 40 49,200 General Mills * 91 13,720 5% preferred.. 100 128 u 2,659,300 General Motors Corp... 10 54 } 85 preferred * 50,400 125k 38,400 Gen Outdoor Advertising A * 36 k Common 142,000 ._...* 4 56,000 General Printing Ink... 1 ......... 101,800 General Telephone Co 20 91,600 Gen Theatres Equip Corp * 21,000 Gen Time Instrument Corp * 100 109,500 General Tire & Rubber Co 5 319,200 Gillette Safety Razor.......Is 85 conv preferred........!* 45,500 Sale 6k 105 Sale Sale k 18 120 k 33 k 38 121 Sale »* 86 128 k Sale 128 39 48 18 Sale 29 15 Sale if* Sale 16 82 k Sale 16k 99k 22 k Sale 6k Sale 47k 49 > Sale Sale 20 139 3k Sale 33 36 Sale Sale Sale 59 Sale 18k Sale 21k Sale Sale 103 Sale 3 Mar. U Apr. Apr. Apr. 8 18 3 Jan. 27 June 10 102 Mar. 27 Jan. Jan. Jan. Jan. Jan. 23 15k Oct. 2 4 14 Jan. Jan. Jan. 29 July Aug. May May May 97k Jan. 15 June 30 13 Jan. 15 24 38k Jan. 9 May May Sept. May May May 4 29 3 31 25k 14k 4k k 21k 18k Jan. 31 105 17 30 20 Jan. 14 7 4 10 10 42k Jan. 13 15 Jan. 13 33k Jan. 24k Jan. 8 3 7 Jan. 4 29 30 29 Jan. 13 32 Jan. 2 24 107k Jan. 31 31 17 i May 2 106k Jan. 14 2 22 May Jan. Jan. Jan. 30 6k Jan. Ilk Jan. 15 June 21 48 15 June 10 May 2 30 a7,* Sale k „ AVA 18* > Sale Jan. Jan. 30 30 49 k Sale 20 k Sale 13k Sale 20 11 Jan. 5k Jan. 55k Jan. 7k Jan. Jan. 13 6 32k 35k 112k k 31 30 3 Jan. 6 Jan. 30 Jan. Jan. Jan. 29 4 6 6k Jan. 15k Jan. 10 86k Jan. 10 19k Jan. 28 125k Jan. 29 35J/5 Jan, 14 39k Jan. 6 8 113 J 6 60 86 2 132 J Jan. Jan. Jan. Jan. Jan. Jan. 43 Jan. zl24 41 Jan. Jan. 48 j 3 126 Jan. 20 46k Jan. 4 Jan. 17 6k Jan. 2 30 Jan. 3 Jan. 2 Jan. Jan. Jan. Jan. Jan. Jan. 21k 20 Jan. 104 k 104 Jan. Sale Ilk Jan. 4k Jan. 7k Jan. 30 108 k Jan. k Jan. 3 13k Jan. 31 17k 25k 10k 46k 20k 12k ay May May May May May 7 31 Jan. 6 Jan. Jan. Jan. Jan. Jan. 107 June 8 6 137 Jan. " 106 k 106 Sale 18 k 25k Sale 10k Sale Jan. une 2 46 Sale 7 Jan. Jan. 20 A3y* 7 Jan. June Jan. Jan. Sale Sale 7 20k Jan. 2 132 ~k 4k 13k 82k 17k 38 24 30 82 k sik 83 Jan. 131k Sale 128k Jan. 103 Ilk "l2~" 3k Sale 35 Jan. Jan. Jan. Jan, 134k Jan. 13k Sale 8ik 18k Sale 125 k Sale 122 80 k a Sale Jan. 24 27 15 29k Nov. 15 1 22 28 25 21 21 20 9 3 98 k Dec. 21 Jan. 3 40 k Feb. 14 22 k Jan. 21 21k 21 106 22 46 22 21k 10 38 k 20 25 k 23 8k 25 32 Jan. Jan. Jan. 5 3 24 2 28 k Sale May 21 May 23 1 8k 49k 31k 18 k 22 106 6k 17If 2 23 14 100 24 Dec. Sale 26k Ilk 60 k 21k 12k 20k Jan. 15 June 11 June 3 12k Jan. _ 21 lk Apr. 4 67 k Aug. 7 5 Feb. 1 Ilk Apr. 25 34 k May 10 May May 108 k 107 Sale 3 15 May 4k 6k 110 Sale 3 k Jan. Dec. 21 7 4 liH 22 7 5 H k May 67k Aug. 2k Dec. 5 May 20 k Jan. k Oct. 2 125 k 45 i 9 16 6 8 4 25 Sale 106 k 23 8 Jan. k Jan. lk Jan. lk Jan. 2k Jan. 17k Jan. Sale Sale 17k a Sale Sale 7k Jan. 45k Jan. 30 30 97 23 4j| Sale Sale 2 9 25 Dec. 31 k Dec. 20 k May 15 lk Jan, lk Jan. 15k Jan. 3k Sale 3k Jan. 8k Jan. 30k Jan. k Jan. 29 10 lk Sale "§k 15k 11 30 3 135 86 Jan. Jan. Jan. Jan. Jan. k lk lk % 4 Sale 1 14k 77 11 7 43 k 19k 32 k 15 25 Jan. 125 k 4k 9k Sale Jan. Jan. 113k 113k Sale Sale 93 k Sale 110 8* ik 53 k _ 102 Jan. Sale 3k 23 Sale 7 133 k Sale Sale Sale Sale 1 Nov. 1 May 2 Jan.„ 3L Apr.T3~ 3 19 20k Sale 107 k 106 5k 5k 5 11 10k 10k 50 52 47k 4k 4k 4k 100 105 k 52 k 51k 51k 6k Sale 6k 106 4 8 46 39 Sale 5k Jan. Jan. Nov. 6 Sale 54 k lk 8k 40k 36 k 33 k 41k 21 43 Sale 101 9 30 48 19 Sale Apr. Jan. 79 Jan. 105k 15k 118k 2k Sale 50 k Dec. 16 May 15 18 k May 21 15 k May 21 x24 k June 6 26 May 21 37 17k Jan. 4 41k Apr. 16 18 k Apr. 20 Jan. 45 ,35k 29 Sale 45 May 22 Jan. Jan. Sale 12 8 35k Jan. 15k Sale 121k Sale 2k Sale 2k 11 2 19 Sale Sale Sale Sale 18 17 8 Apr. 5 Mar. 26 May Apr. 4 Nov. 8 Sept. Sept. Nov. 9 June 10 35 Jan. 9 June 5 107k Apr. 4 May 21 21k Apr. 29 Dec. 18 May 22 118 Aug. 12 6k Apr. 18 Dec. 30 May 24 41 May 28 39k Dec. 27 Sale 107 9 24 30 7 Jan. lk 5 10 10 73 ka Jan. k Jan. i6k 103 9 23 68 Jan. Sale 30 29 7 95 19k Sale 3 21 12 31 31 Jan. 97 Sale 3 8 10 10 -May_22 46 May 22 112 Mar. 19 12 k Jan. 5k May 21 8 63 May 31 83 Jan. 8 66 May 31 89 Jan. 8 20k Sale Sale 3k Ilk 21k 2 20 46 145 10 3k Jan. V\t Jan. 18k Jan. 3k Sale 45 5 Jan. 6k Jan. 28k Jan. k Jan. 3k 41 150 6k 6k 102 103 k 31 Ja'n Jan^.3a "3k Jam" 15 13k 38 ihlH 103 Sale A* 13 k Gaylord Container Corp.....5 13 k Jan. 12k 35 31 11 13 1 23k Sale Sale Gannett Co Inc conv $6 pref..* Gar Wood Industries Inc..-.3 86 .preferred * 1,480 54,700 General Public Service ...» 101,100 General Railway Signal.. » 6% preferred.! 1,720 100 142,500 Gen Realty & Utilities Corp 1 86 pref opt divserieh...__..* 27,000 101,700 General Refractories ....* 52,500 General Shoe Corp 1 99,140 Gen Steel Castings &6 pref...* 5k 13 3 2 6k Nov. 12 June 10 166k Jan. 2 June 10 180 Dec. 10 May 21 10 k May 21 23 6 9 3 10 k Jan. 22 125k Jan. 21 23k Jan. 22 36 k Apr. 21 43 k Feb. 15 10k Feb. 20 k Nov. 21 24 86 Dec. 23 14 k Apr. 22 38 Feb. 21 24 k Apr. 22 23 k Jan. 94 k May 3 27 171 Apr. 12 30 Apr. 21 10 Mar. 10 13 k Jan. 22 120 Jan. 28 189 k Apr. 22 129 k Dec. 22 118k Jan. 10 44k May 10 k May 28 . 28k May 19 k Apr. 23 k Jan. 5 k Jan. May 15 22 k Jan. 4k Jan. > 10 25 , 78 Sale 112k May 25 k June 117 Jan. Jan. Jan. Jan. Jan. 30 i7k 118k 2k 80 2 34k Jan. k H Sale 12k 32 29 Sale 107 k 108 k 105 k Sale 2k 3k 1 10 » 24k , 21 514 Jan. 5k Jan. 65k Jan. 13k % 18k 3 35k Jan. , Sale 12k Sale 12 Jan. 37 k Sale 37 k 36k Jan. 12k 20k 20k xl7k Sale 16k Sale 16k Jan. 103 k Sale 102k Sale 102k Jan. 40 k Sale 40 k 39k 40k Jan. i4k Sale 13 k Jan. 13k Sale 33 k Sale 33 k Sale 31k Jan. 23 k 2 lk 22 Jan. 25k 22 6 k Sale 5k 5k 5k Jan. 26 27 k 27 28k 27k Jan. Sale 4k 30 32 k 21 71 25 96 k Sale 19 30 Jan. Jan. Sale 72 31 k Jan. 3k Jan. 13 23k 13k 3k 20 k Sale 104 k 105 46 Sale 20 k Sale * 16 Jan. Jan. Jan. Jan. Sale 16 31 20k Ilk 98k 23k 20 9k June 113 Oct. 146 k May 114 May Jan. 36k 15k 33k 17k Jan. May 6 14k Jan. 29k Jan. 14k Jan. 31 100 5 155 Jan. 12k 24 Sale Sale Sale 14 k 9 7 Jan. 34 Ilk May 65 k July 127k Nov. 30 142 Jan. 31 182k Jan. 40 99 19 10 * Sale 10 8 28 k 41 7 Sale 40* Ilk Jan. 6k Jan. 9k Jan. 31 8 96 k 40 A Sale 21 k 23k ...* 5 22 22 9 117 Jan. J/* 9 4 31 6 18k Jan. fTO==3fe—7 110k Jan. Sale k 7 Sale 4k 27 9 117 Jan. 30 164k Jan. 31 125k Jan. 26k Jan. Sale Sale Sale 6k Sale 1 Sale 85 86 k 100 .... 5k 45 k 24 28 Jan. 9 Dec. 30 k May 14 May 31 l 28 k Sale .* .* 6 Sale 11 78 3k Sale Sale Sale * 28 k ._* ._* 3 k 7k 30 k k Sale 10 31k Jan. Sale k 72 3 Jan. Jan. Jan. Sale % 80 15k * Gen American Investors k 10 Jan. Sale 1 11 Jan. 3 30 : Sale a Jan. Jan. May May May May 4 k May 12k May 56 k May 5k Jan. Sale Sale Sale Sale 82 H k Jan. Jan. Jan. Jan. k . 75 76k 99 6% preferred series A-.._ 100 86 preferred Gen Amer Transp Corp General Baking Co.. Sale Sale 27 Firestone Tire & Rubber....10 50 14k Sale 72 lk 4k 39 k 15k Sale Sale 2 • 29 k 70 Jan. 175 33 Sale 15 117 150k 124k 115k 27k Dec. 6 30 June Sale Prices 23 k Apr. 9 Ilk May 22 8 k May 21 2 k Dec. 20 4 8 30 21 2 30 30 4k Jan. 132k Jan. Sale 1 Sale 8 23 k 15 ke k k Sale ~~4k 5 3 1 preferred Sale 73 1 lk 3k ..... 4k % conv preferred..-.100 $3 preferred Gamewell Co (The) 175 33 Sale Sale 69 78 Sale lk 50 Gabriel Co (The) class A Gair Co Inc (Robt) Sale 4k % Sale k» 3k 3'k Sale 32 k Sale 30 k 26 k Sale 26k 32 k 31k Sale 29 k 28 k 31 40 41 41k liOk-Sale T1t 10k 5k 6 k Salo Sale ,5k 65 k Sale 66 Sale ♦ Fidelity Phenix Fire Ins..2.50 Filene's (Wm) Sons Co * 7% conv preferred.. Francisco Sugar Co Franklin Simon pref Freeport Sulphur Co 133 - 14 Sale 11*. 79k ...♦ 4k % conv preferred.. Foster-Wheeler 115k 119 150 k Sale 124k Sale 116 k 117k 27k Sale Sale Sale 33 k 16 k Sale 41k Sale Highest Sale Prices 13 k May 22 Jan. 17 21 19k Jan. 5k Jan. 7k Jan. Sale Sale 4k Sale * .3 50 Ferro Enamel Corp 40. 119 163 k 125 Sale Federal Motor Truck * Federal Water Service A * Federated Department Stores.* see page 117 Sale 117k Preferred 7% 36,000 .......100 53 * 48,400 General Cigar Inc... 18k 7% preferred 8,720 __1Q0 113k For footnotes 120 Sale Sale 182 k 122 20k 5k 7 k 6k 9k 10 Jan. 31 20 180k 34 k * ... Sale 70 Jan. 133 k 128k Jan. 71 130 10 Jan. 3 Sale 2 Jan. 31 5k 9k Sale 17 Sale * Florence Stove Co.. Florsheim Shoe (The) cl A Jan. 15k Jan. Sale 9 24 79 21 Sale Sale 21k Jan. Jan. Jan. Jan. Jan. Jan. 141k Jan. Sale 15k 176 Fajardo Sug Co Porto Rico..20 Federal Light & Traction... 15 $6 preferred * federal xvlining & Smelting 2 Federal-Mogul Corp 5 0% preferred 78. 140 17 k Sale 13 21 Sale 173 _* 45,700 General Bronze......... 197,100 General Cable Corp Class A 39,700 450 Sale Lowest 23k Jan. Sale Sale Sale * First National Stores Flintkote Co (The) 21k 15k sit* 138 k Fairbanks Co 8% preferred-100 Fairbanks Morse & Co * 88 preferred k 8k Sale 17 3 preferred conv 35 5 $6 preferred Equitable Office Building jErie RR 4% 1st preferred 4% 2d preferred Erie & Pittsburgh RR 5k % 35 Sale 20k Jan. 30 22k Sale 3 27k Jan. 29k 18 16k 16k Jan. 29 18k Sale 11 Jan. 30 Ilk Sale 13k Sale 2k Sale 3 2k Jan. 3k 332 Jan. 4 £ k k k Sale Jan. 29 117 113k ii3k 114 Sale 13 k Jan. 14k Sale 2 17k 28 k Sale 29k 3 27k Jan. 29k 41 40 k Sale 39k Jan. 29 41 Sale 8 k Sale 8k Jan. 30 10k Sale Sale 17 17 Jan. 30 18k 88 81 Sale 80k Jan. 30 86 10 9 Jan. 30 8k 9 9k 36 k Sale, 36k 6 37 36k Jan. Sale * Follansbee Steel Corp.... 10 5% conv preferred 4,900 ...100 40,200 Food Machinery Corp 10 2,480 132,800 4,260 39,000 2,360 209.500 it* 85 34 k 4 50,300 Eureka Vacuum Cleaner 196,500 Evans Products Co 292,000 Ex-Cell-O Corp ... 9,500 Exchange Buffet Corp 8,900 147,800 108,600 46,700 2,040 25,800 13,200 106,600 35,100 41,800 8,400 32,300 99,500 9 77 Sale 2 ..... 40 k Sale . ..... $5 preferred 14,900 5,900 42k Highest Sale Prices 29 5k 100 ... 500 Sale Lowest Sale 166k :r--22j600f ~535^6O0 Engineers Public Service...... 200 14k 28 k 19 23 Sale 117*' Sale 74 k 12 k Elec & Musical Industries— 1,300 Sale Sale 21k 33 k 41k 8k 20 k * 6% preferred 5% preferred RANGE FOR YEAR 1940 Sale Prices Ask Sale 5 Eaton Mfg Co Edison Pros Stores Inc Electric Auto Lite (The). Electric Boat „ Sale I Jan. 31 • Ask Bid 21k 27k 18k Ilk 2k 26 Sale Sale 124 .. Eastern Rolling Mills Eastman Kodak Co of N J Bid Sale k 25 k 16k 22 k 5k k - 2,990 Ask 23 3,100 American shares 52,200 17,700 671,900 Electric Power & Light 10,300 $7 preferred 383,700 4,300 $6 preferred 167,300 4,300 61,800 Electric Storage Battery 4,900 74,000 E.U&SO Natural Gas Co :-3Y300 •~-~217G00) Endicott*Jolinson 610 JANUARY 1940 Par 65,800 179,900 1,906 206,400 21,300 360,300 692,100 IN Jan. 2 N. Y. STOCK EXCHANGE 1940 Shares Price STOCKS 12 Months January EXCHANGE-STOCKS 4 30 31 k Jan. 16k 106k k« 18k 29k Ilk Jan. Jan. Jan. Jan. Jan. Jan. 31 28 30 2 28 6 2 34k Jan. 3 49 k 118k 44 101 131 56 k 127 k 60 7k Nov. Nov. Dec. Jan. Apr. Jan. Jan. Jan. Apr. Dec. Apr. Mar. Dec. Apr. Jan. Jan. Jan. 8 14 23 26 2 15 6 _ 23 9 8 10 3 6 June 110 27 10 Nov. June 15 Jan. II 19k Jan. 4 106 k Dec. 20 Apr. 2 10 Dec. 15 11 July May Id July 11 Sale 41 10 21 17 Jan. 30 104k Jan. 30 13 Jan. 36 120 May 9 3k Jan. 37k Jan. 22 June 4 2 May May Sept. May May May May 3 4 Dec. 30 Jan. 3 Jan. 8 Jan. 4 *k Sept. 23 Ilk Jan. 3 4 61k Jan. 3 k Jan. Dec. May Apr. 29 k Apr. 15 22k Jan. 16k Jan. Sale 145 June 31 3 51 105* %% Feb. May May May Sept. 30 Apr. 24 Apr. 30 Sept. 4 105 k Mar. 27 6k Apr. 22 14 k Apr. 24 27 30 2 J 20 20 6 May May May May 17 Feb. 10 13 May Sept. 15 Oct. 18& Apr. 5 33 k Jan. 4 15k Jan. 11 65k Nov. 14 24 k Mar. 7 13 k Jan. 4 23 k Apr. 106 May 23 k Jan. 27 1 4 6 k Mar. 6 51k Mar. 14 AGGREGATE SALES In 12 January IN RANGE FOR YEAR 1940 JANUARY Jan. 2 1940 EXCHANGE N. Y. STOCK Months PRICES Price STOCKS 35 EXCHANGE-STOCKS N. Y. STOCK FEB., 1941] Highest Lowest Lowest Highest Sale Prices Sale Prices Jan. 31 Jan. 2 1940 254,800 30,100 119,200 10,700 172,800 103,100 preferred (Adolf).. 43*% conv Gobel 175* Sale 1 \u 160 43,000 3,240 382,500 21,500 191,100 14,200 950 94 3* 68 69 33* 14 Sale 12 17 X Sale 26 X Sale 285* Sale 140 134 33 17 Sale 27 X 30 X 34 183* 163* 101X -102: X' - 31X 355* Sale 18 108 103-5* Sale 150 Sale 15 Sale 1313* 61X U5X Sale Sale 63* 13 X 110 Sale 34 Sale 683* Sale 1103* 114 6 Sale Sale 491 100 * 123* 233* ..100 100 28 X Sale 116 118 * 100 1503* Sale * * Agricultural preferred International 100 * * Harvester 7% preferred 100 Hydro-Elec Sys A.25 1,213,500 International Mercan Marine.* 1 72,500 Inter nation Mining Corp lnternat 863* 133* 53* 43 883* Sale 53* Sale 1083* 109 43* Sale 113* Sale 13* Sale 37 Sale 1853* Sale 603* Sale 166 43* Sale 93* Sale 63* Sale 165 373* Sale 1,165,200 International Nickel of Canada* Preferred 100 130 133 9,800 143* Sale 2,443,600 International Paper & Powerl5 5% conv preferred 100 563* Sale 970,100 43* Sale 22,160 Internatl Rys of Cent Amer..* Sale 5% preferred— 100 51 10,670 353* 363* 17,600 International Salt. 38,700 22,200 3,700 873,500 78,200 71.900 2,260 20,000 24,400 620 74,000 42,700 165,400 4,190 124,700 25,300 420 42,700 11,200 16,300 2,050 19,600 1,380 International Shoe International Silver 7% preferred Sale 263* 283* 973* 100 43* Sale 43* Sale 103* Sale 35 50 -.100 International Tel & Tel Foreign share certificates— * Department Stores Preferred -—10 Interstate 83 S£le * Intertype Corp Island Creek Coal Sale Sale Sale 95 Sale 7 89 91 164 Sale 111 14 293* 83* 93* 1073* 513* 37 3* 133* 253* 253* 1 B) Co * Tea Inc Johns-Manville Jewel Preferred 163* Sale 74 Sale 100 128 Sale Sale 66 Steel pref. 100 Kalamazoo Stove & Furn Co 10 143* Sale Kansas City Lt 1st pref ser B.* 120 Kansas City Southern... * 73* Sale 19 4% preferred 100 Kaurmann Department Stores 1 153* 100 5% conv preferred -.100 95 15 Kay ser (J) & Co.. ...5 14 95 Keith-Albee Orpheum pref. 100 93 88 Kelsey Hayes Wheel— Convertible class A 241,200 Conv class B_ 164,700 2,290 Kendall Co $0 part pref ser A For footnotes see page 40. 1 1 113* 73* 90 Sale Sale Sale 4 31 133* 123* 363* 253* Jan. Jan. Jan. 31 7 29 31 10 Jan. 2 Jan. 16 Jan. 22 153* Jan. 283* Jan. 4 11 22 2 Jan. 25 2 143 Jan. 15 31 34 Jan. 13 21 12 3* Jan. 113* Jan. 173* Jan. 29 3 10 5 20 21 22 18 25 23 27 21 27 If 5 26 11 Jan. 10 31 7 10 12 Jan. Jan. 33 Jan. 6 293* June Jan. 36 Jan. 3 30 Jan. 163* Jan. Jan. Jan. 15 107 1063* 253* 1493* Jaflbc 22 Jan. Jan. 6 Jan. 98 Sale 97 Jan. 98 3 Sale Sale 23* Jan. 903* Jan. 95 Sale 63* Jan. 63* 903* 0 3* 91 95 93 63* Sale Sale 333* 37 2 3* Sale 63* 13 3* 53* 233* 1073* L593* 89 123* 63* 233* L113* 3 3* 103* 23* 40 L59 503* L71 13* 93* 33* 24 3* L303* 143* 66 3* 2 393* 383* 283* 283* 95 23* 23* 95* 103* 003* 8 Jan. 24 Jan.T16 Jan.. 16 Jan. 10 Jan. 17 Jan. 23 Jan. 31 96 Jan. 10 166 Jan. 163* 30 53* 833* 10 163* Jan. 95 6 7 13 13 9 33* Jan. Jan. 73* Jan. Jan. Jan. 1643* 166 143* Jan. 143* 21 Jan. 30 2 69 HVA 25 115 525* Jan. 31 39 31 135* Jan. 73* Sale 143* 3-43* 39 38 33* Sale Sale Sale 65* 133* 345* 2 3* Jan. Jan. Jan. Jan. 2 Jan. 2 £20 - 2 6 Jail 155 Jan. 213* Jan. Sale 84 103* Sale 63* Sale 233* Sale 112 3* 112 33* Sale 83* Sale 15* 23* 393* Sale 152 X 164 483* Sale 1723* 163 2 Sale 73* Sale 33* Sale 157 Jan. 29 161 Sale 84 Jan. 31 Sale 105* Jan. 30 161 65* Jan. 24 233* Jan. Sale £1113* Jan. 35* Jan. 33* Sale 83* Jan. Sale 13* Jan. Sale 393* Jan. Sale Sale Sale 164 152 Jan. 483* Jan. 166 Jan. 2 2 17 16 31 30 31 Jan. 903* Jan. 133* Jan. 63* Jan. 253* Jan. 1133* Jan. 43* Jan. 113* Jan . 23* Jan. 49 15* Jan. 31 Sale 7 Jan. 30 Sale 35* Jan. 3 Jan. 23* Jan. 95* Jan. 3 J* Jan. 323* Sale 123* Sale Sale 593* Sale .263* Sale .07 Sale 303* 1333* 113* 113* Sale 121 .203* Sale 43* 43* Sale 143* 153* 133* 14 if* .04 105 104 73* 7 3* Sale .043* Sale 105 Sale 17 18 8 3* 103 Sale 73* 104 28 33 30 14 .09 2 44 1063* Jan. Sale 103 115* 1203* 4 X "43* 155* 175* Sale Jan. Jan. Jan. Jan. 24 15 14 23 10 2 1203* Jan. 55* Jan. 9 185* Jan. 143* Jan. 9 30 Jan. 8 1045* Jan. 2 8 Jan. 7 22 106 Jan. 95 7 109 73* Jan. 1043* Jan. Jan. 163* Jan. 16 18 83* Jan. 75* Jan. 30 73* 8 1033* Jan. 103 Jan. 1103* Sale 3 3 Nov. 4 6 3 1 Jan. 3 Jan. 4 [58 Apr. 18 94 155* 73* 475* [13 53* 125* 23* 44 [913* 625* L73 55* 143* June 7 Nov. 9 Apr. 11 Nov. 18 Mar. 20 Mar. 28 Nov. 14 Jan. 4 Dec. 9 Dec. 17 Mar.>12 Jan. 4 Dec. 30 Jan. 5 Apr. 20 Jan. 3 385* Jan. 4 133 Jan. 11 213* May 3 73 Apr. 29 June 55* Jan. 24 6 395* Dec. 27 363* Jan. 5 30 Nov. 19 109 Dec. 4 45* Jan. 5 45* Jan. 3 105* Jan. 3 923* Dec. 13 85* Jan. 9 33 Dec. 31 130 Dec. 23 56 3* Feb. June 10 19 Jan. Jan. Jan. Apr. Jan. 29 Dec. Jan. 13 104 Jan. [18 22 15 .10 28 21 23 23 21 Sale 1 95* Apr. 1223* May 483* May 95* June 1175* May 3 3* May 11 May 9 May 92 May Sale Jan. 63* Feb. 23 May 21 345* May 22 44 27 Apr. 25 Dec. 20 Jan. 3 Feb. 21 Feb.!> Feb.}) 135* 243* 433* 63* 9 31 1103* Jan. 2 125* Jan. 30 8 12 16 4 283* Jan. Apr. 12 5 93* Apr. Apr. 9 104 43* Apr. 16 1133* Jan. 29 8 11X Apr. 110 Apr. 8 May May 63 3* Jan. 6 1275* Jan. Jan. Dec. 9 138 June 31 41 Jan. 106 265* May 25 May 133* May 973* Jan. May May May Jan. 565* Jan. 1253* Jan. 19 17 103* May 403* May 1 5* May 37 June Jan. Jan. 22 203* Feb. 195* June Jan. 12J* Jan. 34 3* Apr. Jan. 37 June 123* Sale 42 413* 563* Sale 1263* 128 104 Jan. 25* Nov. 9 143* Nov. 12 May L45 May 15* Dec. 53* May 33* May si* 30 29 18 18 38 4 265* Jan. 233* Jan. 243* Sale Sale 2 131 Jan. Jan. 1303* 1343* 130 Sale 153* Jan. 123* Jan. 29 123* Sale Sale 673* Jan. 30 Sale 603* Jan. 613* Sale 2 2 Jan. 23* Jan. 2 23* Sale 6 395* Jan. 373* Jan. 393* 373* Sale 3 413* Jan. 393* Jan. 403* 393* Sale 4 29 3* Jan. 313* Jan. 29 3* 313* Sale Jan. 28 273* Jan. 30 31 273* Sale 3 1005* Jan. 95 Jan. 993* Sale 993* 2 3 Jan. Sale 23* Jan. 21* Sale 33* Jan. 2 3* 23* Jan. 25 23* 23* 75* Jan. Sale 63* Jan. 31 Sale 3 88 Jan. 943* Jan. 93 89 9 8 Jan. 8 73* Jan. 73* Sale 255* Apr. 35* Apr. 303* Apr. 22 713* 26 112 65* 22 15 505* 15* 3 73* 22 .36 o 7 85,3* 73* 5 4 3 23* July 63* May 1 May 183* May 31 1673* Jan. 31 535* Jan. Jan. 23 170 Sale Jan. 17 5* Jan. Jan. 12 55* May : 12 May 31 June 25* Dec. 20 Dec. 5 May 165* May 72 May .40 May 663* May 73* May 45* June 213* Aug. 91 June 63* Jan. 53* Jan. 30 53* Sale 53* 26 Jan. 8 2^ 24 Jan. Sale 243* 31 1113* Jan. Sale £1063* Sale ,'£1063* Jan. - Feb. 9 30 1003* Apr. 8 1333* Jan. 30 11 673* Apr. 16 9 21 115 3* Jan. 4 16 18^ Jan. 4 353* Apr. 21 95* Nov. 8 15 21 163* Apr. 20 Mar. 30 13 110 21 603* Jan. 12 22 385* Dec. 13 163* Apr. 15 21 101 85* Jan. 165* Jan. 395* Jan. 4 2 Jan. 543* May June 35* May 28 Aug. 3* Dec. 23* May 12 May 3 May 3* May 103* Jan. 24 8 7 2 6 29 Nov. Dec. 263* Aug. June 945* May 1234 July 19 May 43* July 8 May 03 May 35 May 28 May 8 5* May Jan. 4 June 50 Jan. 9 Jan. 353* Apr 22 21 19 1 69 303* Jan. 9 8 8 17 Dec. 13 Jan. 12 167 123* May 23: 213* Apr. 22 Jan. 16 29 Dec. 30 55 563* Jan. 29 Aug. 86 24 1283* Jan. 3 May May May June June May May May June 895* June 65* Dec. 773* Jan. Sale 70 10 24 9 8 Apr. Apr. July 55 30 22 22 29 26 23* Jan. 3 19 273* July 23 May 95* May 9 May 14 5* June 1% Aug. 11 May 13* Dec. 85* Nov. 13* Jan. 16 Jan. 20 X 7 693* Mar. 4 245* Apr. 973* Feb. 21 145* 93* June 7 123* 65* June 10 10 165* May 18 26 365* May 21 253* 213* May 29 185* 115* May 21 30 153* May 21 293* 185* May 22 123 June 13 142 6 Jan. 64 Jan. 3 613* Jan. 613* Sale 603* 623* Jan. Jan. 30 Ill 1103* 110 1103* 113 3* 108 2 43* Jan. 4 Jan. 4 Sale 33* 373* Jan. 35 Jan. 30 Sale 35 36 Sale 5* Jan. 3* Jan. 31 3* Sale Xt Sale 35* Jan. 33* Jan. 14 3 33* 3 33* 175* Jan. Sale 165* Jan. 20 16 17 Sale 2 45* Jan. Sale 33* Jan. 4 43* Sale 5* Jan. 3* Jan. 18 3* Sale %5 Sale 41 Jones & Laughlin 10 Jan. Jan. Jan. Jan. Jan. 1263* Jan. 1263* 533* Jan. 523* 533* Jan. 1133* Ill 1163* 108 143* Jan. 15 143* 143* 26 Jan. 303* 263* Sale 7 3* Jan. 8 Sale 73* 93* Jan. 103* 93* 1053* 495* Jan. 50 Sale 503* 373* Jan. 383* 373* Sale 113* Jan. Sale 113* Sale $6 preferred. Jarvls (W 93* Apr. 7 140 127 3* 523* 43* May 22 Dec. 6 Sale Sale 163* "14"" 153* 9 30 63* Jan. 13* Jan. 103* Jan. 150 166 71 127 43* Feb. 713* Jan. 13* Jan. 133* Jan. 153* Jan. 13* Jan. Sale 22 63* May 22 May 14 7 13. Sale 147 3 June 11 10 22 Jan. 11 Sept.19 Apr. 4 27 10 22 11 22 Jan. 90 Jan. 13 Jan. :H)6:_ Sale ;20 "~53* Sale Inspiration Cons Copper—20 Insurancshares Ctfs Inc 1 Interchemical Corp.. —* 6% preferred -100 Intercontinental Rubber * Prior &ale 24 40 Sale 6H OX Inland Steel Int. Business Machines.. Sale 1^ Sail 1 Leased line 4 % 100 6.230 RR sec stock ctfs ser A.1000 10,840 22,600 Indianapolis Power & Lt Co..* -10 35,400 Indian Refining...— * 84,800 Industrial Rayon Corp lnternat 4* 3 26 100 13* 103* 150" 233* 2 303* Jan. 113* Jan. 15 12 T-r— 140 21 16 21 21 22 90 2 32 323* 323* 36 38 323* 14 14 X 143* Sale 14 3* 143* 143* 133* 143* 1063* 1053* 1063* 1063* 106 31 17 34 36 Sale 34 Sale 10 107 Co Ltd Interlake Iron Sale 933* 100 6% preferred... IX 14 97 12-50 lngersol-Rand. Sale Sale Sale n?: 5% preferred 100 Houston Oil of Texas v t c.,25 Howe Sound Co. -.5 42,100 1,120 104,400 492,400 73,810 66,000 6,590 29,500 744,400 69,400 26,100 47,200 342,400 11,700 .190,000 Sale 33 .73* * 273,140 Illinois Central RR 6% preferred series A 32,800 37 303* Sale 113* Sale 113* 115* 153* Sale 13* Sale Sale May July May May May 10 13* Jan. 283* Jan. 13* Jan. 9 Jan. 140 2 Dec. 31 43* Apr. 22 33* Apr. 11 45 10 55 55 91 Sale 87 Sale 14 253* Sale 203* Sale 1403* Sale 33 2 135 J Hupp Motor Car Corp— Sale 113* 109 25 100 1553* 160 5% preferred Sale 323* 113* 113* 173* IX 123* Sale 23* 21 Sale Jan. 4 195* Jan. Jan. 29 133* 1134 115* 343* 243* 13 3* 253* 193* 17 3 Nov. 14 65 143* Jan. 65 3* Jan. 203* Jan. 53* Jan. Sale 35 Sale UX 25 Sale 140 60 Sale 45 36 243* 153* 263* 203* 245* 6% preferred 100 Hershey Chocolate * $4 conv preferred * Hinde & Dauch Paper Co—10 Holland Furnace (Del) 10 Hollander (A) & Son 5 Hud Bay Min & Sm Hudson Motor Oar Sale 123* 35 91A 6 31 % Jan. 133* 123* 113* Sale 123* 113* 343* Sale 25 253* ' 10 Jan. 28 Dec. 23* Jan. 9 ltA 84 3* Jan. 13* Jan. Sale 53* Sale Sale Common stock % Sale 13 73* Hudson & Manhattan 13* 303* Sale 633* 173* Sale 863* Sale 13* 13* 32 273* Sale % Sale * 62 Sale 53* Sale 9 25 9 Jan. 9 21 22 21 21 9 7 Saie Prices Prices May May May May 73* Jan. 123* Jan. 633* Jan. 173* Jan. 90 94 123* 64 93 25 1 23* Sale 80 Sale Sale 16,400 Houdaille-Hershey class A—♦ Class 13 •••»•«■ 211,200 Household Finance— 22,600 -5,000 184,200 76,450 37,200 15,400 151,500 165,500 200,700 Sale 14 £ 100 2 ar Corp Holly Sugar Cc 240 7% preferred Homestake Mining 283,900 Sale 27 16 133* 443* Jan. 15* Jan. 234 Jan. Sale Sale 2 X Sale »27 Hercules Powder 13 90 33 X 23 X Jan. i 22 z673* Jan. Jan. 2 Jan. 25 31 625* Jan. 45 Sale 7'A Sale 45 Sale Jan. 6 Sale Sale 133* 623* 193* 843* 13* Sale 923* 35* 63* 63 Sale ■85 66 23 5* 10 92,900 Hercules Motors 103,500 4,680 9,700 8,300 5,400 53,600 47,100 65,300 Sale 64 3* 25 ——25 10 — * 100 Harbison Walker Rerrac 6% preferred Hat Corp class A 63*% preferred Hayes Mfg. Corp Hazel-Atlas Glass Co Hecker Products Corp Helme (G W) 7% preferred Sale 88 Sale —* 933,800 Great Northern pref * 96,300 Great West Sugar Preferred... 100 5,210 90 Green Bay & Western RR.100 1 80,800 Green (H L) Co— * 658,400 Greyhound Corp (The) 53*% conv preferred 10 48,100 202,400 Grumman Aircraft Eng Corp.l * 82,500 Guantanamo Sugar 8% preferred -100 4,230 68,200 Gulf Mobile & Ohio RR Co. $5 preferred * 42,400 Preferred A_ Hail Printing.. Hamilton Watch 6% preferred. — . Sale 133* 4431 13* 23* Sale 1 Co—100 * Hackensack Water 63* 63 51 38 $5 preferred— 39, 00 * * 490,600 Goodyear Tire & Rubber $5 conv preferred * 31,400 * 33,300 Gotham Silk Hosiery Preferred.. 100 2,190 1 740,000 Graham-Paige Motors Granby Consolidated Mining Smelting & Power Ltd 5 139,000 Grand Union Co (The) With div certlfs 18,400 Without div certifs. 29,300 37,300 Granite City Steel 10 66,700 Grant (W T) Co 5% preferred 20 9,300 257,300 Great North Iron Ore Prop—* 8,800 1,820 103,800 7,800 1,160 5,310 105,900' Bid Sale 50 * * 50 $6 preferred Glidden Co (The) Goebel Brewing Co 650 Gold & Stock Teleg 363,700 Goodrich (B F) Co 83* * Gimbel Brothers Ask Bid Par Shares Ask Ask Bid 17 Jan. 3 Mar. 27 773* Jan. 4 132 Jan. 15 1093* Dec. 16 16 Apr. 4 121 Mar. 15 75* Apr. 4 2034 Nov. 15 153* Jan. 8 1043* Dec. 20 15>* Jan. i 109 Apr. I * 52 185* Nov. 14 83* May 21 95* Apr. 28 4 5* May 22 Dec. 26 873* June 20 105 36 N. Y. STOCK EXCHANGE-STOCKS aggregate sales In January _ 1,260 2,100 3,000 2,200 5,300 7,200 * 11,000 4,800 3,500 24,500 1,000 1,500 19,400 21,700 28,900 26,200 6,700 17,000 92,500 34,200 60,800 103,100 1,929,200 369,500 10,800 4,151,500 133,900 74,800 41,300 1,230 490 42,500 12,200 900 * 40 Lion Oil Refining * 12% * 1 16 Co Liquid Carbonic Corp Lockheed Aircraft Corp Loew's Inc * $6.50 preferred * Loft Inc -1 Lone Star Cement Corp Long Bell Lumber A * * Loose-Wiles Biscuit 25 100 -10 - —- Mack Truck Inc * —- Macy (R H) Co Inc * Madison Square Garden..—-* Magma Copper 10 Manati Sugar Co. 1 -* Mathleson Alkali Works—--* 100 700 7 % preferred 79,900 May Department Stores 26,900 Maytag Co (The) $3 preferred 7,300 2,500 $6 1st preferred 39,700 McCail Corp 129,800 McCrory Stores 6% conv preferred 13,570 80,600 McGraw Electric Co 28,400 McGraw Hill Publ Co. 900 600 170 2,400 8,400 2,700 5,500 1,400 3,000 43,600 18,000 6,500 8,100 79,100 214,000 464,900 114,800 70,700 2,260 130,400 190 10 [09 24% 10 300 100 1 * Mclntyre Porcupine Mines—.5 McKeesport Tin Plate. 10 900 2,500 10,100 12,600 3,700 1,000 5,000 $3 series conv prof McLeilan Stores Co 7,500, 105,800 15,100 87,900 77,300 152,800 26,450 145,500 40,400 153,400 3,400 7,800 3,700 10,000 1,900 8,000 3,200 11,100 260 55,400 900 a Sale 24 38% 95% Sale 97%. Sale r 27% 33% 32% 10% 15% 10* Sale 24 Sale Sale 17% Sale 39 Sale Sale 107 Sale 38 Minn Moline Power lmplem—l $6.50 preferred Mission Corp Mo-Kansas-TexasRR- 56,200 99,300 16,700 40,600 26,900 1,450 253,500 8,300 • Sale 19% 63% 160 Sale 18 65 Sale 5% 30% Sale 161% 52% "53% 3% Sale 25% 26% 100 14% Sale 15% Sale 106 24} 46* 110 25 8 Sale Sale 99 Sale 11% Sale 60 70 57 63% 30% Sale Sale Sale m 15 8 14% Sale Sale Sale Jan. 30 Jan. 30 98 27 189 15 28 22 22 Jan. Sale 8 6' Jan 29 4 Jan w 9 3 6 18 June 3 May 15 June 105% 10 23 6% 15% 27% Sale Sale 73 66 . 31% Sale Sale Sale 106 J* 80 • Sale Sale 3% 21% 13% 17% 33 ' 27 Jan 14 12 Jan 21 June 8% 73 3% 24% 16 21 1% Jan 6% Jan 14% Jan 6 21% May Aug. May 11% May May 26% 174% 49% 2% 25 Jan. Jan. 3 2 14 1 Jan. Jan. 30 20 Jan. Jan. Jan. 30 Jan. 6 5% 11% 15% 30% 12% 28% 34% 32 53% Jan 2% Jan 25% Jan Jan. 38 41 Sale 42 Sale 50 Sale * 23% Sale 11 11H 6 30 11 Jan 9 5 June 7 26 June 6 Dec. 21 Jan 15 Jan 9 Jan 13 75 68 Jan 16 17% May 5 May 90 May jx May Jan 25 10 Jan. 33% Jan 4% Jan 25% Jan 18 %Jan Jan. 37 Jan. Jan. Jan. Jan. Jan 9 3 10 13 15 9% Jan 6 15% Jan 38% Jan 24 JX 60 .9% % 1% % Sale Sale m 1% %6 Jan. Jan. 125 Jan. Jan. 110 3% Jan. 57 9% % 1% % % Jan. Jan. 13% Sale 42% 23% 43 Sale Sale 16% Sale Sale 23 Sale Sale 20% Sale k Sale 35% Jan. 2 10 9 21 30 33% May 16 95 4% Jan 11 Sale 10% Jan. 71% 114 50% 70 111 Jan. Jan. 6% Jan. 49% Jan. 31 14 Apr. 3 Mar. 29 16% Jan. 8 17% Apr. 8 lll'«i»Dec. 11 29 3 Apr 9% Apr 25 47% Jan 3 12% Jan. 8 8% Apr. 1 32% Apr. 1 9% Jan. 4 108% Dec. 30 14% May 3 85 6 May 82 2 May 34% Mar. 5 6% Jan. 5 105 26 28% i38% 12% 17% 45 Feb. 21 May 27 Dec. 13 Apr. 10 May 9 Dec. 9 3 124% Dec. 54 Apr. 110 Jan. % Jan 2% Jan %, Jan % Jan 14% Jan 88% Jan 11 10 1% Dec. %« Dec. % June 8 20 Jan. 14 Jan. Jan Jan 39% Jan 43% Jan 26% Jan 17% Jan 24% Jan 4% Jan 50 Dec. 11 Jan. 4 Feb. 23 2% May May 7% May % Dec. 29 Sale 9 Apr. 15 4 12 Sale 32% 173% 53% 4% 30% 13 4 31 May Oct. 23 Dec. 3 Nov. 18 Apr. 16 Apr. 15 Jan. 8 Jan 31 30 4 8 18 Mar. 11 Jan. 7 Apr. Jan Jan. Jan. Jan. Jan. Mar. 10 11 Jan. 4 June 3 Dec. 30 Apr. 15 67 9% Jan. 16% Jan. 20% Jan. 3 Feb. 10 3 117 4 120 30 64 53% Feb. 24% May 2% May 11% May 10 Aug. 24 May 6% May 11% May 23% May 103 May Jan 41 Sale Sale 49 Jan. 4 9 14 23 1 4% Sale 54 52% 10% 11% 72 69 69% 110% 111% 111 119 7 31 Jan 45% Jan 24 5% May 9 Jan. 1 Sale 16 14 35% 123% 42% Sale 41% 108 109% 108% 5 2 21 Jan Jan Jan Jan 66% Jan. Sale Mueller Brass Co 50 28 Jan Jan Jan Jan JaD 14% Sale 35% Sale Mullins Mfg Corp class B Sale June 9 Sale Sale June 36% May 2% May 20 May 96% June 10% May 10 May 93 May 17% May 33% 9% 3% 26% 7% 109% 120 15 21 Jan. Sale Jan. June 25 160 14 2 May 10 6% May 21 21% June 10 22 23 8 124 2i£ 30 13% 14% 111% 25% Jan. lB* 13% Sale^ Sail* 6 6 13 104 zl05% Jan 8% Jan. 3% 21% 16% 34% 27 _ 6% Jan. 30 8 Jan Jan Jan Jan 3 rig 21 23 31 3 May 22 2% May 21 May 21 14 20 Jan 30 174% Jan 7% Jan. 3% Jan. 24% Jan. 75 Jan Jan Jan. Jan. 13 6 Jan. Jan. Sale 1% %6 17 30 11 Jan Sale 8% Jan. 22 Jan. Jan. Jan. 4 Dec. 26 1% Jan. 5 4% Nov. 14 24% Nov. 8 14 Feb. 19 29 Jan. 11 53% Jan. ft 9% Apr. 20 45 Apr. 15 109 Apr. 15 109% Apr. 5 188% Dec. 28 23% Apr. 4 30% Dec. 27 41 Apr. ft 14% Apr. 27 18% Mar. 27 41 % Apr. 15 37% Mar. 15 109 % Apr. 8 39% Apr. 8 46% Jan. 2 4% Apr. 10 Jan. 11 109% May 3 5 2 1% 5% 13% % 4% 9% 13% 27% 9% 27 22% Jan. 7% Jan. 110 25 Sept. 12: Jan. 11 Nov. 9* 116% Dec. 27 25% May 22 Sept. 4 17 May 24 20% May 21 30% Jan lll^ijJan. Sale 10 30 Sale 31% 21 15 29 Sale Sale 5* 21% 16% 7% 35% 128 Jan 33% Jan Jan. Sale Sale 9" J an. 138% May 31 163% Dec. 11 15% May 21 21% Jan. 4 38 May 18 Nov. 14 Jan. 103% Jan. 12% Jan. 14% Jan. Sale Sale Sale 57 3 80 24 Sale Sale 30 67% Sale Sale Sale 73 68 Sale 36 Sale 25% Sale 6% Sale 4 15% Sale 28% Sale 174 6% 108% 8% c 21 138 30 Apr. 9 'C.""2"4 }™t5%""Apr; 11% Jan. Sale Sale 52% 52% 50 2% 3 2% 24% 25% 25% 103% 104 12% 13 13 14% Sale 14% lll»«Sale rill %« 22% 25% Sale 7% 8% 7% 32% Sale 31% 7% Sale 8% 3% Sale 3% 25 29 Sale 172 8 162 T5 28 Sale 14% Jan. 28% Jan. 123 52 6 19% Jan 119 Sale Jan Jan Jan Jan 40 31 109 Jan. 138 Sale 14% 27% 9% 27% Sale 11% 69% 11% 16% 28% 34% 27 Sale % Sale 14 30 30 20 30 116 ^ 37 % Jan 25 30 118 — 4 Jan. 120 $7 preferred.— Munsingwear Murphy Go (G O) —* 5% preferred 100 Murray Corp of America—-10 Myers (F E) & Bro * Jan 21 Sale 10% 44% 30 31% Jan 11% 27% 54 Sale 87 21 Jan. Jan. * * 19 22 21 21 15 21 3 21 22 21 Jan 30 29 Jan. Jan. Jan. Jan. Jan. —* -* June 16 May 13% May 27 May 9 May 10% May 22% July May 97 May May 20 9 30 Sale Sale 169 3 29% Jan. Sale Sale Sale Sale 87 3 31 Sale Sale Sale 2 Jan 96% Jan 3 Jan. 33% 10% 15% 23% 31% 107% 16% Jan May May May May Sale 9% 16% t 33 Jan. Jan. Jan. Jan. 14% 13% Jan. Sale 79% Jan. Sale 115 Jan. series A 100 ^Missouri Pacific—-—--100 5% convertible preferred-100 Mohawk Carpet Mills 20 Monsanto Chemical Wks 10 40« 5 18 Jan 2 9% 4 108 10 23 39 4 10 & Sale 107 June 11 Jan Sale Sale Sale 30 Jan. Jan. 8 19% Jan 70% Jan Sale 109 Sale Sale Sale 13 9 6% 37% 92% 93% 45% Jan 7% Jan 29 2 Sale Sale Sale 38 Sale Sale 36% 30 17% Jan. 63% Jan. 4% 10% 14% 9% 14% 36% 124% 41% 116% 50% Jan. 159 18% 1 % 25 Sale 35 37 Sale 6% 13% Sale 7 % preferred For footnotes see page -* 10 162 15% Sale 1% l%i 4% Sale 4% Sale 5 17 21 18 21 22 Feb. 1ft Feb. 2ft Jan. ft 4 4 Dec. May 15% May 9% May 18% May 2* 22% Jan 12% Jan Jan 26 29 34 i* May 23 9 24 ■ - 7 14% Sale 40% Sale 8% Sale 36% 37% 10 ■ £ 6 June 29 4 3% 3% 3% Sale 2% Jan. 25 3% Jan 14% Sale 13% Sale 13% Jan. 30, 15% Jan 108% 110% 108% Sale 108J4JAru^.8 110% Jan 1 .Sale18% Sale 18% Jan. 3 19% Jan 110 Sale 9 4 13 Jan. 19% Jan. 31 Jan Jan Jan Jan 4 26 31% 108% 107% Sale 16% 13 10 25% 7 116% 2 2% 9 % Jan Sale Sale 8% Jan 27 % Jan 30 30 29 Sale Sale 11 8 3 21 May 21 8% May 23 11% Dec. 27 May 28 May 21 May 22 13 Jan 30 Jan. 179 183 19% 26% Jan 13 15% Nov. 9 46% Apr. 182% Jan. 24 31 Apr. 8 4 22 Sale 94% 180 26 27 Jan. 3 8 Sale Prices 38% Jan. ft 21 21 21 22 20 23 21 13 22 20% Jan. 11% Jan. a* Sale 93 187% 189 21 19% 29% Sale 36% Sale 8% Jan 1% Jan. % Jan. 21% Sale 12 11% 22% Sale 35% Sale 6% Sale 37 38% Sale 29% Jan Jan. 114 Sale 3*' 4% Sale 27% 1% 17% 19% 3 J an 27 % Jan 24% Jan. 22% Jan. Sale Sale * 29 30% 30 134% 134% 136 27% Sale 31 Sale 29 29 Sale 25% Sale 25 12 Sale 12 11% 34% Sale 30% 27 3% Sale 1% 1% 0% . $4.50 preferred 4,830 Preferred series B 3,330 962,200 Montgomery Ward & Co 4,400 Morrell (J) & Co 23,560 Morris & Essex 138,100 Motor Products 93,000 Motor Wheel Corp 120 2 Jan. Highest Prices 24% May 10 May May May May May 2 May 22% Aug. 23% May Jan 1% Jan '29% Jan 26% Jan Jan. 7 23 116 113 38 17% Jan. 12% Jan. Sale 21% 37% Jan 13% Jan Jan. 6 8% 25 Sale Shle Sale Sale Sale Sale Sale Sale Sale Sale * 92,200 Midland Steel Products 8% 1st preferred— 100 10,310 74,900 Mln-Honeywell Regulator Co-* 4 % conv preferred ser B - _ 100 3,650 80 ly* Sale" 37 7 8 30 Lowest Sale . Sale 20% 12% 21% 43% 28% JMcKesson & Robbins, Inc.—5 101,600 Melville Shoe Corp— — 82,100 Mengel Co 6% conv 1st preferred. —50 29,030 50,840 Merch & Min Transp Co.—* 5 50,700 Mesta Machine Co 247,200 Miami Copper -5 180,100 Mid-Continent Petroleum,—10 5,800 3,100 1,730 12% 6 34% 98 --1 6% conv preferred 100 Mead Corp ,— $6 preferred series A 870 * $5.50 pref ser B with warr_. 7,800 3,900 Sale 3 Jan. Jan. Jan. Jan. Jan. 25% Jan. 28% Jan. Sale 1% % 3% Sale Sale Sale Sale Sale 32% 35% [06% 18% 46% 3% 17% 3% 26% 28% 25 28 .33 101,700 10 900 Link Belt Co -- 5,700 40 28 25 1 ---5 116, 790 Market Street Ry prior pref 100 * 281, 700 Marshall Field & Co 1 1,014, 900 Martin (Glenn L) Co * 913, 100 Martin Parry Corp 64, 200 Masonite Corp 7,300 700 * •27% 24 25% Sale 24 23% 116% Sale Sale Sale Sale 13% [06% Sale 178% 18% * 2 Sale 6 o Sale 22% 114% L065^ Sale Lima Locomotive Works 37% 2 Highest Sale Prices 31% 12% 36% 1% 23% 25% Sale Sale Sale L76 17 8 100 Mandel Bros 16 300 Manhattan Shirt 23 300 Maracaibo Oil Explor 396 600 Marine Midland Corp 700 14,500 3% 1% 3% 22% 12% 27% 52 % 6% 41% Sale 32% 12% 35% 1% 26% 5% 17% 12% .56"% Sale 20% Sale 58% Sale 224, 300 173 200 26, 700 34, 900 139 100 1,400 2,700 650 34 % 22 Lll Lowest Sale Sale 17, 300 MacAndrews & Forbes Co--10 6% preferred 100 1, 480 40 1,200 100 — 1,000 2,250 3,700 3,700 7,100 2,200 -—25 - range for year 1940 Sale Prices Ask 29 8% Sale Sale 14 % 16 5 Preferred -100 6,440 -* 45,000 Louisville Gas & Elec A-100 59,900 Louisville & Nashville 3,100 7,000 4,600 Series B Preferred 4% Sale a 28% Sale Lily Tulip Cup Corp 5% preferred 189,600 Lorillard (?)"■ common 12,200 5 — Lehigh Portland Cement—25 4% conv preferred 100 tLehigh Valley RR Co 50 Lehigh Valley Coal 6% conv preferred. 50 Lehman Corp. (The) 1 Lehn & Fink Product* Corp..5 Lerner Stores Corp .* Libbey-O wens-Ford Glass * Libby McNeill & Libby 7 Life Savers Corp 5 Liggett & Myers Tob com—25 216,400 133,300 16,000 25,600 114,400 800 100 100 - 3% 29 Jan. 31 Ask Bid 37%' Sale 14 13% 37% Sale 1% 1% 23% Sale 25% Sale 3% 2% 26 26% — 3,650 Laclede Gas Light 5,410 5% preferred 74,700 Lambert Co (The) 11,400 Lane Bryant 74,700 Lee Rubber & Tire 48,800 3,180 110,000 161,400 72,700 249,600 250 1,200 2,800 50,000 14,040 20,800 29,000 30,600 Bid -- 100 200 Par 1,313.450 Kennecott Copper. * 61,900 Keystone Steel & Wire Co * 38,500 Kimberly-Clark * 20,600 Kinney (G8) 1 12,940 $5 prior preferred * 196,400 Kresge (S S) Co 10 5,600 Kresge Department Stores 1 45,500 Kress (S H) & Co * 279,900 Kroger Grocery & Baking—* 3,600 14,100 in january 1940 Jan. 2 i Shares 75,800 2,200 1,300 1,100 1,920 14,600 11,300 1,900 3,600 5,600 37,100 32,900 1,700 49,800 10,300 5,100 2,800 prices Jan. 2 N. Y. STOCK EXCHANGE 1940 Shares 3,400 7,200 1,500 1,000 Price STOCKS Months 12 57 Jan Jan 11 % Jan 27 71 % 30 111% 31 8% 11 51% Jan Jan Jan Jan 26 6 15 7 31 9% May x79 Nov. 110 May Apr. 24 Dec. 12 Nov. 15 Jan. 2 Jan. Jan. May July 31 _ 113% May 31 % May 33% May 21 % June 8% May May May 2% May 20 May 8% May 56 May 97% May 4 May 12 15 41 June Oct. Jan. Feb. Feb. 24 t 3 12 frl Apr. 18 Apr. 4 Jan. Nov. Nov. Mar. Mar. Dec. 9 14 14 20 29 28 Nov. 14 Apr. N. Y. STOCK FEB., 1941] AGGREGATE SALES In 112 January Shares Jan. 2 1940 000 1,000 200 2,000 14,000 6,900 30,300 350 6,500 2,000 22,400 2,100 20,400 500 21,000 600 280 3,700 6,100 1,900 17,800 17,900 11,900 2,100 4,290 2,310 6,800 2,500 7,000 1,400 60 8.0 cO 7,50u y.aoo 3Ur&0U 5,400 2,000 187,50U 4,700 30,200 2,200 1,600 2,300 130 240 32,400 13,200 1,200 43,200 1,300 3,800 1,110 73,200 2,100 2,200 34,700 70,500 200 340 2,200 80 1,000 54,100 7,000 8,700 550 500 19,900 150 Bid 684,300 Nash-Kelvlnator Corp -.5 12,410 Nashville Chatt & StLouis-100 21 22 54 1454 15 1554 23 7 155,800 National Cash Register 68.300 National Cylinder Gas Co. 559,725 National Dairy Prod Corp 91 96 10 20 Sale $4.50 conv preferred 7.300 344,800 National Lead Co 7% preferred A 5,900 6 % preferred B 4,510 77,600 Nat Mall & Steel Cast Co 8,200 Nat Oil Products Co 15054 2354 27 654 6654 654 954 4354 Sale 47 Sale 954 9% -3 54 24 >4 78 4054 110 2554 83 41 11154 • 12.-54.™Sato*- 49 Mj 18 100 * 1 * Sale 20 100 Sale 33 Sale 32 4 54 6 54 50 50 5054 32 54 5 7H 11054 110 N Y Lack & West Ry 1.580 44.000 Norfolk ai >4 154 54 13 54 3154 Sale 32 117 8ale Northern Central ...50 1.820 Northern Pacific. ..100 627.900 North States Pow Co $5 pref.* 7.200 87 89 111 Northwestern Telegraph 4.490 Norwalk Tire & Rubber 60.200 Preferred 1,180 Norwich PharmacalCo 12.600 Ohio Oil Co 614.500 Oliver 104.900 Farm (The).... Equipment Omnibus Corp 104.100 (The) 33,900 1,160 100 13, 750 6% preferred conv * 50 2.50 854 Sale 11154 34 54 Sale 5 9. 700 1st preferred Outboard Marine & Mfg Outlet Co 6% preferred Pacific Tin Consol Corp Motor Car Pan American Airways Pan Amer Pet & Prod 28 400 157. 600 3, 900 158, 100 Tilford Park & Park Utah Parke Davis & Mines Co 149, 600 Parker Rust Proof Co 66, 700 248, 300 Penick & Ford 32, 200 219, 300 27, 200 87, 300 42. 880 10 300 20 1.171" 500 25 200 58, 800 Penney (J C) Co Penn Coal & Coke Penn-Dixie Cement 2.900 t Peoria & Eastern Ry 29.490 31.600 Ry 5% prior preferred 5% preferred.. 654 23 54 Sale 1254 Sale Sale Sale 7.200 Pet Milk Petroleum Corp 105,470 Pfeiffer Brewing Co 64 300 100 529,400 Phelps Dodge For footnotes see page 40. 15 10 14 14 30 30 16 Jan. Jan. Jan. 30 3 30 28 176 Jan. 2 31 154 Jan. 15 2354 Jan. 10 J an. 3 2 14 Jan. Jan. Jan. 2954 Jan. r*A« Jan. 654 Jan. Jan. 61 554 Jan. 954 Jan. 4254 Jan. 4354 Jan. 454 Jan. 954 Jan. 854 Jan. 1454 Jan. 54, Jan. 7 54 Jan. 6854 Jan. r 31 30 31 20 16 18 16 30 14 8 45 4254 Jan. 2 654 1054 4854 4854 454 1054 6 554 May 21 6 10 10 Jan. 28 Jan. 28 Jan. 24 Jan. 4 9 Jan. 6 Jan. 18 2 17 Jan. 16 110 Jan. 29 Jan. Jan. 6 45 Jan. 6 1554 Jan. 10 29 1554 Jan. 10 30 3354 Jan. 2454 Jan. 654; Jan. 10 30 3 17 12 .K Jan. • Jan. 10 Jan. 24 54 Jan. 13 Jan. 31 Jan. 10 30 54 Jan. 3254 Jan. 4 25 Jan. 14 112 47 Jan. 4 3s2 Jan. 6 6 7 7 11754 58 Sale 3 2 Jan. 30 Jan. 31 _ 54 8 8 Jan. 21 215 Jan, Jan. 23 117 J an« 2 Jan. 31 Jan. 10 Jan. Jan. 29 30 Jan. 30 ■ 1754 5854 57 54 1754 Jan. 6 Jan. 20 Jan. 10 754 Jan. 9 3 11254 Jan. 36 54 Jan. 30 234 Jan. 11 Jan. Jan. 3 Jan. Jan. 15 7 9 27 Jan. 11 13 1354 Jan. 24 Sale 7 Sale 7 Jan. 30 6 1654 954 10154 Sale 16 Jan. 6 30 10454 Jan. 30 3 54 Jan. 30 1754 Jan. 10 1654 Sale Sale 3 4 Sale Sale Sale 2654 Sale Sale Sale 16 14854 954 43 Jan. 26 Jan. 9 5354 Jan. 2654 Jan. 10 26 Jan. 6 Jan. 17 Sale Sale Sale 46 854 Sale Sale Sale 9 1254 654 1054 Sale 1654 2 20 1 Sale 4754 Sale Sale 1254 Jan. 1254 122 12554 12154 Jan. Sale 158 Jan. 158 Sale 4 354 Jan. 654 654 Jan. 654 Sale 3 J an. 3 30 Jan. 31 754 Jan. /4s Jan. 3454 Jan. 15 12 13 54 8 % 33 Sale 854 % 35 13 10554 105 1054 1054 Sale Sale 98 9654 1054 1054 Sale 15 1554 Sale 154 154 154 Sale 29 2854 1854 1854 Sale 1 54 54 854 854 Sale 8 774 754 47 4654 4654 80 Sale 254 Sale 2 54 Sale 22 Sale Sale 3654 Sale S ile 154 854 4554 Sale S ile 25 Sale 154 754 4554 2554 Sale 21 75-4 3554 4254 8554 3 32 May 954 May 2554 May 33 May Jan. 6 854 Jan. 54 Jan. 3754 Jan. 9 1254 Jan. 9954 Jan. 10 1154 Jan. Jan. 15 9 1554 Jan. 31 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 17 Jan. 7 30 54 Jan. 2054 Jan. 10 30 9 Jan. 4 30 954 Jan. 954 Jan. 10 31 16 2 10 6 6 2 54 12 Jan. 4 2 Nov. 25 99 21 1154 Dec. 18 21 18 Feb. 6 21 254 Nov. 12 9 4454 Apr. 7 2354 Nov. 27 22 28 21 2H 6 9 11214 Jan. Apr. 23 June Jan. Mar. 11 5 4554 Apr. 13 10554 Dec. 26 Dec. 14 21 1054 71 Jan. -17 4 Nov. 18 11 Jan. 13 3 June 12 87 30 Jan. 1 31 Jan. 6 6454 Jan. 1054 Apr. 26 10 4 12 4 22 17 10 Dec. Jan, Jan. 21 43 254 Jan. 354 Jan. Jan. 22 Jan. 44 Nov. 15 3254 Apr. Jan. 48 7 47 754 854 454 2554 15 4 30 4 50 18 3 4 4 1654 Jan. May 21 Mar. 12 May 25 139 Dec. 17 June 18 160 10 31 Apr. 22 21 554 Oct. May May 6"-4 Jan. 54 May 26J4 Tune 99 Sept. 454 May 64 May 6 54 May 15 May 154 May 2954 Dec. 13 54 May 54fMay 554 May 5 54 Tune Jan. Jan. Jan. 4 Mar. 28 22 22 274 June 11 154 May 22 154 May 22 May 21 954 June 25 11 "4 2 54 1254 1054 6254 9654 454 Mar. 12 Mar. 4 May 13 Jan. 5 May 8 Jan 8 Feb. 4 46 54 Dec. 1654 Jan. 17 10 5 28 May 22 May 18 May 22 15 2554 Nov. 15 23 Nov. 27 43 Nov. 8 22 54 Jan. 30 2454 Jan. 10 23 54 22 Jan. 2 15 3654 Jan. 2 2454 Jan. 43 54 Jan. 27 3954 23 23 254 854 154 Jan. 854 Jan. 4354 Jan. Jan. 27 30 9 54 Jan. 5154 Jan. 11 154 June 13 554 May 21 Sale 28 17 54 May 22 Sale 28 % Jan. 2254 Jan. 28 6 1154 May 15 May 554 Dec. 654 May 2554 June 37 54 May 21 22 654 Jan. 754 Jan. 25 47 Jan. 11 Tune 11 8754 Dec. 21 Dec 96 Sale 10 8 24 Jan. 17 Sale 21 Jan. 31 Sale 6 Jan. 31 Sale Sale 29:i4 Sale 754 Jan. 2954 Jan. Sale 8 13 10 7 4 6 654 Jan. 2354 Feb. 13 4 1254 Jan. 14 Apr. 15 3454 Apr. 15 May 22 May 22 2 3 54 10 Jan. 2 10 10 28 106 654 754 43 54 88 June 144 3 10 Jan. 7 May Apr Mar Jan. May 24 55 11554 May 24 120 454 Jan. 754 Jan. 3 54 Jan. Ill 112 June 8 160 30 Sale May 21 19 8 16 4 Jan. Dec. Apr. May Dec. Jan. Jan. Jan. Jan. Dec. Jan. Sept. Nov. 47 115 7 Jan. 2 54 3154 3554 22654 117 11 21 10 Jan. " June 27 6 15 4 3 Dec. 30 12454 June 11 150 3 1254 Jan. 7 May 21 Jan. 14 ug. 5854 Nov. 54 Jan. *¥' Jan. 2 117V4 854 554 June 10 2354 1054 May 21 1454 May 21 May 23 112 554 May 22 14 2 5 4 21 14 11 28 6 4 31 2354 3 59 8 58 10 26 54 3 9754 20 954 3 114 26 39 23 554 Jan. 3 42 54 Jan. 12 1654 May 29 Dec. 18 11 2 126 254 Jan. 254 Jan. 13 2254 2254 3954 3 Jan. Jan. 80 13 Sale 28 8 37 6 54 6 24 2254 22 6 Jan. 41 254 854 6 Jan. 40 41 Sale 354 Jan. 16 2854 Jan. 40 111 3 30 6 1054 Sale 110 54 254 1254 554 1054 4 6 1554 Jan. 3 1254 Jan. 96 Jan. 2254 Apr. 17354 Jan. 31 15354 Dec. 16 4 27 Jan. 3854 Sept. 18 54 Dec. 31 854 Jan 3 7354 Jan. 3 954 Jan. 4 1454 May 3 48 Nov. 14 4954 Nov. 14 854 Apr. 2 1054 Apr. 11 1054 June 24 2554 Mar. 13 91 Apr. 29 5354 Apr. 6 110 Jan. 4 3054 Dec. 23 "T4 5£ "Febr'2 0" 2754 Dec. 31 11054 Dec. 14 3 50 Jan. 3 1854 Jan. 4 2154 Jan. 3 39 Jan. 9 3354 Mar. 854 Apr. 22 22 1254 Apr 11554 Mar. 11 454 June 10 2 Sale 24 21 31 22 12 20 ""6't4"May24' 23 54 Nov. 20 10554 Nov. 9 3054 May 21 954 May 21 854 May 21 15 May 21 2054 May 21 3 54 May 21 454 May 22 104 May 21 110 Apr. 27 45 June 6 % Dec. 4 54 Oct. 24 {At Dec. 12 1354 Jan. 15 20 May 23 175 May 22 105 May 25 1454 May 21 47 54 May 22 4754 May 22 15 May 14 84 54 June 5 454 May 15 101 May 24 27 May 22 254 May 15 25V£ *ug. 13 42 4954 Jan. 954 Jan. 2 Sale 8,B 3 Sale 17 11 Jan. 23 54 83 4454 Jan. 854 Jan. 55 6 754 Jan. 1154 Jan. 54 34 54 Sale 1254 44 Sale 105 254 354 Sale 51 2 23 May July May 100 June 2054 July 8 11 10 47 37 1354 7 24 Sale 1254 12154 15854 Jan. 31 150 30 10 54 Jan. 9 44 Sale 42 43 Jan. 28 Sale 654 4054 9 37 87 2254 854 654 Sale 11 * 20 54 8 Sale Sale * 33 27 Jan. 354 Jan. 1554 Jan. 14854 Jan. 101 Sale 6 Sale 454 1254 Sale 1054 1954 54 9 54 854 4554 3 54 10 27 54 37 30 * 31 354 254 3 1454 Sale * 10 954 Jan. Jan. Jan. Jan. Jan. 2754 Jan. 254 12.54 1054 10 30 Sale 53 5154 11654 120 53 96 54..Sale 1054 sSale 2.50 Jan. 754 Jan. 1854 Jan. 24 36 29 111 21 14 Jan. 8 26 3l 29 19 72 16 Jan. Jan. Jan. Jan. Jan. May 454 May 8 May 2654 May 34 Aug. 354 Jan. 754 May 854 Oct. 48 Jan. 16 - 19 22 21 y2854 Dec. 23 54 Dec. 23 554 May 22 Jan. 7854 Jan. 45 54 Jan. 17 110 June 1454 May May 132 June 1354 May 66 xl60 8 2754 Jan. 31 3154 Jan. X, -7 34 Jfin-. <30 r**8*54" -Jarr:'" 6t ■ 9 2 2254 Jan. 30 2754 Jan. Sale 108 110 4054 3954 1254 Sale 1354 Sale Sale 2954 2354 2254 6 6 10 1054 118 6 31 23 Jan. 10 2 Jan. 110 13 J^,n. 7 54 June 16 854 77 Sale Jan. Jan. 2 754 Nov. 754 Oct. 2654 Apr. 17 1754 Jan. 31 May 28 554 May 23 June 10 11 93 54 79 Sale 2 854 Jan. 2454 Jan. 2 29 1 33.300 Philadelphia Co pref 6% $6 preferred *' 5 110 107.300 Philadelphia & Reading C & I. * Jan. 1454 Jan. 11 Jan. 1554 154 5 * 25 50 Sale Sale Sale 10 Sale Sale Sale Sale Sale 1754 6 11 2 105>8! Jan. 2 654 Jan. 30 29 Sept.23 10 June 10 3 15 Jan. 19 2954 31 Jan. 104 1 100 10 * Jan. Jan. Jan. 25 1254 Jan. 654 354 15 54 754 54 3354 5 1 100 Jan. 2 8854 Jan. 1754 Jan. 1354 Jan. 29 Jan. 4 132 100 1 .100 100 100 7 10 Feb. 15 Jan. 3 Dec. 30 Sept. 25 1654 Apr. 15 1654 Dec. 19 2454 Jan. 24 Dec. 16 155 June 11 176 19 Apr. 1 1254 Dec.r2i 86 Nov. 8 9954 Apr. 17 3 1554 Oct. 25 2054 Jan. 1654 Jan. 8 954 May 22 1354 Mar. 12 6 May 21 1154 June 5 1854 Apr. 17 Jan. 3 104J4 Nov. 15 114 26 4754 954 conv 15.400 Pere Marquette 1854 Jan. 13 17554 Jan. 1354 Jan. 30 13 15 9 1354 51 pref series A * Penn Glass Sand Corp * 5% preferred 100 Pennsylvania RR Co 50 People's Drug Stores Inc 5 People's Gas Light & Coke. 100 $7 30 Jan. Jan. Jan. Jan. Jan. Jan. Jah. % Sale 54s 3 382 3i 54s 25 2554 Sale Sale 2754 "" 3254 2854 Sale 209 21354 20954 Sale 114 Sale 11254 115 1554 1554 Sale Sale 5654 5554 5754 Sale 55 5554 5554 Sale 1554 1554 Sale Sale 9654 97 6 654 Sale Sale 113 54 11354 Ill 114 34 36 3654 39 254 254 Sale 254 116 Par melee Patino Mines & JEnt Cons 10 54 Jan. 30 * Transportation Co.* Pathe Film Corp 1 385, 400 37, 600 30 13 2554 1 Cons 9 754 2254 2354 854 10 754 June 20 25 44 * 5 * 0% 1st preferred... 6% 2d preferred. 554 July 6 30 954 Corp..5 Trans.. Ref._ 13 54 Jan. 8 Jan. Jan. Sale 14854 * & 2 Jan. Sale ...* 10 Pacific Western Oil.. Jan. 29 9 June Prices Sale 354 May 21 11 25 954 10354 354 1554 * preferred Panhandle 254 16 * 10 Pacific Coast Packard 33 754 * 6 100 * Pacific Amer Fisheries Inc...5 4% conv preferred 630 Paramount Pictures 1,213. 400 4454 Owens-Illinois Glass Co.. 12.50 1st 9554 654 112 100 Preferred 81. 400 Paraffine Cos Inc 15 900 00 Sale 57 16 54 28 13 4254 2d preferred * 26. 220 Pacific Finance Corp (Calif).10 10 100 Pacific Gas & Electric 25 221. 600 Pacific Lighting Corp * ghting 73. 200 Pacific Mills... 69, 700 Pacific Telep & Teieg 100 4, 940 1.494, 100 58 * Otis Elevator Otis Steel Co $5.50 50 5654 1654 5854 100 8% pref series A 24.200 Oppenheim Collins & Co 4.510 233.200 2.760 2954 11154 26 North American Aviation sj 4 Jan. 30 Sale 332 111 Sale 3 Sale ~ 1 43.600 54 32 58 51 48 45 211 2254 Sale 1,294.300 2354 2754 Sale 10854 10954 Sale 38 4454 46 1254 1454 Sale 12 54 1454 1554 30 3154 Sale 2254 2354 Sale 554 554 6 10 11 954 110 11054 112 112 r~ 11754 114 Sale lOj Preferred 6% series Preferred 554 % series. 654 6154 554 954 4654 4554 4 54 954 854 30 Jan. Jan. 554 2054 23 54 754 3 J an. 8 Sale 19 2954 ----- 217 50 50 31.800 Sale Sale Sale Sale Sale Sale 1054 Sale 30 1954 Jan. 654 Jan. -—,8J4~Sale..„ «-~7-54 "Sal©— 073/ 9'i tC Snla Sale Sale ,54 454 Jan. 1454 Jan. Sale Sale Sale Sale Sale 8 Sale 454 454 954 9 Vh 854 954 15 14 54 1554. 76 7854 Sale 4354 4254 Sale 110 10954 2854 OU 74 3054 Sale 100 3.870 North American Co 979,100 454 1854 1954 654 _ "5254 Lowest Sale Prices 954 Sale 954 1754 Sale 1654 Sale Sale 16654 17154 174 1254 1254 Sale 13 8754 8954 8854 86 1654 17 Sale 1654 13 1354 Sale Sale 954 Sale 954 1154 1354 Sale 1354 Sale 105182 Sale 554 554 Sale Sale 754 854 854 Sale 22 Sale 2154 Sale 12 1254 14 14 754 754 Sale Sale 9054 95 8754 92 1654 1654 Sale Sale 171 175 172 Sale 148 14954 Sale 154 46 100 Western tiy Adj 4% preferred 1,332. 000 8,100 176 4154 * preferred 10% 1254 754 1754 Sale Co.. 100 100 224 225 JN Y N H & Hartford Convertible preferred 100 137.000 17.300 JN Y Ontario & Western.. 100 N Y Shipbuilding pt stock 1 824,600 5 19.400 Noblitt-Sparks Indus Inc 1,760 120 554 754 89 £4 Sale 107 700 470 Sale 12 50 72,900 38,800 6,800 2,500 31,2001 1,500 13 54 39 10 York & Harlem New lOS^i 23 Sale Sale Sale 9 100 5% preferred 18.400 36, 500 900 854 72 * 16.400 New York Dock 3,900 200 * 25 75.500 N Y Chicago & St Louis 6 % preferred series A 244.800 42.100 N Y City Omnibus Corp 2, 600 3,100 4,850 5,820 «. ... 164. 449 95,700 2,300 8,300 «. 17 30 230,700 Newport Industries Inc......! "~IO8;too' NJportNdW8^bip<£T)r"l)6ck.i $5 conv pref 5.500 * 51.400 New York Air Brake * 2,326.300 New York Central 380 1,300 . 654 Highest Sale Prices w r% 15,200 Newberry Co (J J) 5% preferred seriefc A 1.070 51 600 Newmont Mining Corp 12,000 1,300 11,100 1,300 2,000 2,000 2554 * 31.700 Nehi Corp 1 11,000 Neisner Bros Inc 4 54% conv serial pref—100 2.520 22. 490 14,000 * 4 176,400 National Steel 1,700 1,520 2,450 1,100 24,000 7,500 6,300 — 166 54 172 Sale 144 233,800 National Supply Co of Pa—10 $2 conv. preferred 40 30.910 554% prior preferred 31,200 100 6% prior preferred 100 15,460 __.._* 275,000 National Tea Co * 46,600 Natomas Co 185.600 600 m Sale 6 24 54 100 .100 Rights 76,800 348,000 National Power & Light 271.900 8,500 15,900 3,300 Sale 1254 1154 10,500 300 Sale * 1 * 13,900 Nat Enamel & Stamping 330,700 National Gypsum Co "l9",806 182,200 5,500 20,900 * .1 * 100 - 17554 1254 8554 1354 1054 13 54 Sale 113 6 54 15.100 2,800 1,300 19-54 1554 1254 1654 10,170 7% preferred class B • 75,200 National Dept Stores 31,047 6% preferred 10 277.000 National Distillers Products..* 318.900 390 94 "4 19 54 91 100 5% pref series A 2,700 16 Ask 1054 , 1754 172 15 15 Sale 754 854 Sale 10 2254 Sale 165 Sale 5 Sale "13 54 Sale 20,000 National Bond & Share Corp.* 000 3,400' 654 1 396,900 National Acme 38,000 Nat Automotive Fibres Inc.-l 10,800 6% conv preferred 10 300,600 National Aviation Corp 5 10 500,600 National Biscuit Co 7 % preferred 7,300 100 19,200 Nat Bond & Investment Co__* 14,100 2,700 240 Ask Bid Highest Lowest Sale Prices Jan. 31 Jan. 2 Ask Par Shares 40,200 1,090 14,100 4,100 3,100 8,400 53,500 RANGE FOR YEAR 1940 PRICES IN JANUARY Price STOCKS N. Y. STOCK EXCHANGE Months 1940 37 EXCHANGE-STOCKS Sale 2 2 6 23 30 3554 Jan. 2 43 54 4454 43 Jan. 22 44 Jan. 10 8454 87 847<4 Jan. 54 Jan. 30 87 Jan, 9 5us 2 54, Jan. 15 70 14 19 18 10 454 1354 4654 2954 24 Jan. 9 Apr. 8 Dec. 14 Apr. 9 Apr.*25 854 Nov. 14 2 1054 Feb. 2 4054 Jan. Mar. 38 N. Y. STOCK. AGGREGATE SALES In 12 January Shares Price STOCKS Months 1940 160 Jan. 2 210 4,500 * 100 * 10 570 10,200 700 4,100 6,400 3,900 27,900 800 1,700 18,200 27,900 1,400 1,300 340 55,200 "42,400 300 400 10,400 1,100 60 10,500 128,800 4,760 4,510 4,200 400 140 330 7,300 970 4,700 40,600 120 35,000 4,900 5,500 3,000 6,700 150 "10,300 4,300 2,700 10 "lY.eoo 2,130 28,400 57,000 2,200 3,000 260 130 Sale Sale _ * _ 46 Sale Sale 11*4 IV< 40 18 19 29 , 14 *4 43 *4 11254 125*4 * 290,600 Reo Motors Inc vtc 5,600 83,700 3,940 16,300 2,500 1,480 14,700 1,900 6,200 850 23,700 5,900 3,340 350 30 5,620 1,200 1,800 3,800 39,300 14,200 65,300 1,665,700 151,800 27,571 143,700 14,700 2,400 8,800 360 132,000 1,220 For footnotes Sale — 10 Highest Sale » — 9 6934 Jan. 41*4 Jan. 18 30 16 J64 Jan. Vs 634 Sale 334 Jan. 48 48 Jan. 14 23*4 Jan. 11 Jan. Jan. 21 3334 Jan. 8 Jan. 30 61 6 11 1334 Sale Sale 12 34 37*4 Sale Sale Sale 5534 119*4 Sale 28*4 10954 107*4 Sale 12134 140 13334 Sale 15534 119344117. Sale 4*4 t 2i 36*4 Jan. 55*4 Jan. 117*4 Jan. 3u 28 Jan. ,119: Sale Sale 11 Sale Sale Sale Sale Sale 754 ,54 . tf* 8*4 12*4 Sale 6334 834 53 Sale Sale Sale Sale Sale Sale Sale 107 113 Sale 72*4 12*4 53*4 9?% Sale 94 7*4 10 Sale 1054 Sale 32 Sale 55 52 60 Sale 8*4 534 5*4 16*4 Sale 12*4 1934 654 Sale Sale Sale 13 4654 54 a *4 254 05*4 Sale Sale Sale 34 H 3*4 2 3 Sale" 43*4 111*4 4234 Sale Sale 11 Sale Sale 84 72 Sale 34 *16 34 Sale Sale 49 3834 Sale Sale 86 3534 3434 11134 % Sale % *4 13*4 2*4 19*4 Sale Sale Sale Sale Sale Sale 78*4 10*4 Sale 13 60 1354 66 52*4 Sale 4 Sale Sale 53*4 Sale 54*4 554 38*4 5 Sale Sale 38*4 11*4 105*4 454 1954 1*4 2654 107*4 7 Sale 24 Sale Sale Sale Sale 2 28 Sale 21 22 Sale 107 111 112*4 19 18*4 8*4 9 15*4 Sale 854 Sale 154 Sale 13*4 Sale _ Sale _ * Sale 2054 Sale Sale Sale 25*4 19 Sale 142*4 150 6 Jan. 2 Jan. 22 Jan. 29 Jan. |] 117*4-Jan —'25 -] 117/4-Jan: 30 24*4 Jan 27*4 Jan. 31 7*4 Jan 8*4 Jan. 96 Jan 3 10134 Jan. 86 Jan 2 90*4 Jan. 2 10*4 Jan 11*4 Jan. 31 954 Jan 10 Jan. 31 4*4 Jan 4*4 Jan. . . , 26 2654 2354 2254 2 1*4 2834 2534 834 Sale 8 754 9 34 12 54 8*4 Sale Jan. 19 Jan. 14 Jan. 2754 Jan. 1334 Jan. 2334 Jan. 9 21 31 7 30 2 30 23 62*4 Jan. 3 54 Jan. 4334 Jan. 20 Jan. 17 Jan. 30 28*4 Jan. 1454 Jan. 28 26 Jan. 2 24 1*4 Jan. Jan. 6*4 Feb. 66 28*4 Apr. 26 22 7*4 46*4 9*4 85*4 16*4 Feb. 75 24 24 22 6 6 154 10 178 May 8 Oct. 15 June Jan. 7 2 Jan. Dec. 4 11 if* 15 22 57 21 4154 Nov. 18 21 Dec. 1Apr. 18 21 3 July *4 Feb. July 8 3 ,51% 14 15 ' May 12*4 Jan. 5*4 May May 4* Oct. 6 May May Mar. 12 28 22 54 Feb. 13 20*4 Dec. 31 12 54 Jan. 4 21 29 Feb. §M 2 126 143 June 145 Mar. 29 May 165 Apr. 2/ 114*4 Oct. 14118" Jan. 16*4 May 21 32*4 Jan. 11*4 May 654 Oct. 21 A. 84 June 12 11* 73 54 May 28 9 June 5 m 9*4 S°pt. 19 4*4 May 23 90 Apr. 15 48*4 May 21 2*4 Nov. 22 34 June si* 69 Feb. 15*4 May 22 13*4 May 21 May 28 9*4 May 28 19 54 Tune 8 17 May 22 154 May 21 3 3 16 8 Apr. Apr. 29*4 May 37*4 May 17*4 Apr 31 23 Jan. 3 55 Mar Jan. 27 9 34 Jan. 6 June 6 13 Jan. 754 1054 834 6334 Jan. Jan. Jan. Jan. 21 754 Jan. 6*4 May 21 3 12 34 Jan. 9 34 Jan. 8 2 6734 Jan. *37 54 55 Jan. 854 13*4 10 34 63*4 69 Jan. 6 1 Jan. 31 1854 Jan. 10034 Jan. 30 Sale 1*4 1934 10034 Sale Sale 93 94 94 Jan. 9*4 Sale 934 Jan. 23 19*4 23 Jan. 101*4 105*4 105J4 Jan. 69 69*4 69*4 Jan. il*4 Sale 11*4 Jan. 93 9254 92*4 Jan. Jan. 17 53*4 Jan. 31 Sale 32 Jan. 52 Sale 834 834 534 15*4 11*4 46*4 34« 33*4 934 Sale 29 7 Jan. 13 6 9 Jan. Jan. Jan. Jan. Jan. 9*4 Jan. 554 Jan. Sale 5*4 Jan. 1534 Jan. 30 17 Sale 11 Jan. 30 46*4 Jan. 30 13*4 Jan. 48*4 Jan. 3354 Jan. 34« Jan. *4 Jan. 2*4 Jan. 29 3934 Jan. 30 4854 *4 Sale 332 '34 Sale *4 3 436 4*4 4034 11134 4154 10*4 Sale Sale Sale Ill Jan. 4034 Jan. 10*4 Jan. 85 Sale 85 34 38*4 Jan. *4 Jan. 4 Jan. 18 2*4 Jan. 45 Jan. 22 112*4 Jan 30 50*4 Jan. 11*4 Jan. Jan. 3 Jan. 23 87*4 Jan. 37*4 Jan. 35 Sale Sale 11134 Jan. 111 Ill Jan. 34 Jan. 54 Jan. 1334 Jan. 234 Jan. 4 115 J an. 16 111*4 Jan. 9 Jan. 31 10*4 Jan. 1234 Jan. 30 *4 Jan. 54 Jan. 155-4 Jan. 2*4 Jan. 7854 Jan. 10*4 Jan. 31 14 72 66 354 5334 Sale 5 4*4 40 Sale 3734 10*4 Sale 10*4 104*4 "4*4 "454 434 18*4 Sale 1834 154 Sale 154 26*4 2734 2634 19*4 Sale 19*4 100 9534 105 114 11234 113 17 1754 1734 9 10*4 Sale 14 54 Sale 1454 8*4 Sale 8*4 154 1*4 154 14 1354 1334 1734 Sale 1734 135 14134 135 . 7 30 115 5334 Sale Jan. 7 May May May May May May May May May Dec. 28 23 56 Oct. 12 8 20 2 2 Jan. Jan. 2 7154 Jan. 2 Jan. 4 54 Jan. Jan. 22 5554 Jan. Jan. 30 554 Jan. Jan. 38 40 Jan. Jan. 21 12 54 Jan. Jan. IF 9 105*4 Jan. Jan. 30 5 Jan. Jan. 30 2154 Jan. Jan. 31 2*4 Jan. Jan. 14 27*4 Jan. Jan. 31 22*4 Jan. Jan. Jan. 21 112 27 114 Jan. Jan. 20 19 Jan. Jan. 8 Jan. Jan. Jan. Jan. Jan. 31 22 10*4 1554 9*4 2*4 15*4 19*4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 30 146 2 2 2 Jan. Jan. Oct. 19 22*4 15*4 48*4 1*4 10 42 4 9 30 4 Nov. 26 Feb. 9 3 2 Jan. 3 May 10 4 54 May 18 Mar. 14 Dec. 31 21 21 27 Apr. Nov. 12 Jan. .* 15 Jan. 3 Jan. 7 Oct. May May May May July May 3 5 Feb. 28 22 Dec. Jan. 9*4 Nov. 27 3 7*4 Jan. May 28 June 9 96*4 Apr. 8 11*4 Nov. 14 44 May 8 21 May 22 Aug. Feb. Dec. 31 26 9 30*4 Apr. 26 117 Nov. 19 27 74*4 Dec. 27 21 15*4 Feb. 20 May 22 May 22 Dec. Nov. 16 2 Apr. 24*4 Nov. 15 21 8 4 12 21 10554 Sept. 19 21 97*4 Dec. 10 21 3 1454 Jan. Dec. Sale *46 *4 Sale 14 13*4 234 Sale 72*4 Sale 1034 Sale 1234 Sale 6834 Sale 4 334 22 5 May 28 June 834 Jan. Jan. 4*4 Feb. May 22 July 29 13*4 94*4 10*4 ,->4 -4 8 Sale 33 34 52 23 29 31 2 Sale 8 1*4 Jan. 22 54 Jan. 9 100*4 Jan. 30 97 Jan. 30 4 8 Oct. 30 June 3 27 Dec. ' ug 9 Feb. Apr. 354 Dec. 30 43*4 Dec. 16 23 Apr. 4 19 24 6 3 9 3 3 May May 25 Jan. 27 July 5 14*4 Jan. 3 21 14*4 Jan. 3 21 May 21 45*4 Nov. 8 53 June 71*4 Apr. 16 11234 May 2 118*4 Jan. 43 *4 Apr. 28*4 Dec. 8 100 May 115*4 Jan. 11 128 110*4 May Apr. 20 Jan. 2734 Jan. 60 9 21 65 62 8 Dec. 23 Nov. 14 Dec. 31 Nov. 7 Dec. 13 Nov. 15 4 8 9 28 29 21 154 Jan. 2634 Jan. 110 Sale 112 Sale Sale Sale 66 134 22 34 10034 94 34 10 34 23*4 Jan. 24 36 58*4 9 63 Sale 4154 19*4 14 10 6 80 2834 1334 154 25*4 754 31 3 7 Jan. 4 Sale 4§* 20 Jan. Jan. Sale 2534 21*4 Sale 27*4 31 7*4 13*4 1334 4054 5>34 11934 2934 10 29 158 17 21 30 2 Jan. Jan. Jan. 28 23 30 17 Jan. 135 19 27 21 155*4 Jan. Sale 2134 3H 16*4 Jan. 29 30 3 136 Sale 19 25 30 11 60 13*4 2434 254 May May May 35 May 3*4 May 16 May 5*4 May 6454 May 1334 Nov. 154 May 14 34 Nov. 25 97*4 May 9 7*4 Apr. 4 49 Dec. 12 4134 -Ian. 5 22 6 15 3 34 Jan. 40*4 Jan. 95 Jan. Jan. Sale Sale Jan. 4334 Jan. 75*4 Jan. 1354 Jan. 2 10 4*4 May 5 May 16*4 May 10 May 19 May 7 May 4 12334 21 137 Sale Sale 65 Jan. 27*4 May 22 167 Jan. 60 Sale 2 Jan. 3*4 40*4 Sale 179*4 Jan. 7*4 Jan. 18 954 Jan. 30 i2 Sale Sale Sale 69 22 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 6234 354 43*4 54 8 121 8834 10*4 954 4*4 9 30 Jan. 123 10*4 Sale 12 12*4 10*4 Sale Jan. 15 2 Jan. Sale 1654 84 54 15*4 1754 6*4 54 534 10*4 Sale 13 8 3 31 30 77 38 3 2 31 110 Sale 16V£ 2 107*4 Jan. 10*4 28*4 2 Sale 10 Sale Jan. 68 161 86 Sale 77 7*4 Jan. 46*4 Jan. 854 Jan. 9 3 Sale w* 28 17 14 24 30 Sale 20*4 334 Jan. 2 Jan. Jan. 78*4 19*4 17 7 22*4 Jan. 100 *4 6054 2 10*4 Jan. 11 Prices 6 534 Jan. 52 67 99 15 2 30 30 834 Jan. 5234 Jan. 37*4 Jan. 55 Sale 2434 7*4 Sale 17 Jan. 3634 Jan. 179 34. Jan. 6 Jan. Sale 26""1""* Sale 834 Sale 9634 Sale Sale if* page 40 12*4 Jan. 80 Jan. 7 Jan. 11*4 Dec. 30 May 21 3*4 May 18 76 8054 Jan. 1234 Jan. 183 88 Sale 77 H 1 - 16*4 . 8*4 Sale 4-2% preferred 100 1*4 Seaboard Oil Co of Del * 18*4 Seagrave Corp (The) Sears, Roebuck & Co * 8534 Servellnc Sharon Steel Corp $5 conv preferred * 53*4 Sharp & Dohme.. * 5*4 $3.50 conv pref series A * 50 Shattuck (.Frank G) * 654 Sheaffer (W A) Pen Co * 37*4 Shell Union Oil. .15 12*4 534% conv preferred 100 105*4 Silver King Coalition 5 6*4 Simmons Co * 2254 Simms Petroleum 10 2*4 Simonds Saw & Steel Co * 22 Skeily Oil Co.. 15 20*4 Sloss-Sheffield Steel &Tron_ 100 112 $6 preferred. 111 Smith (A Ot Corp ..10 1654 Smith & Corona Typewr vtc.* 10*4 Snider Packing * 20*4 Socony Vacuum Oil Co Inc. .15 12*4 South Amer Gold & Plat 1 2*4 Southeastern Greyhound L 5 South Porto Rico Sugar 8% preferred -100 144 see 25 13 117 143 87 - tSeaboard Air Line. Sale Sale Sale Sale 3pt 11* 19,600 16,000 37,200 Jan. Jan. 68 118*4 2954 10854 12134 136*8 15754 11554 118 liH Sale 54 Sale 1534 1554 1734 1954 634 Sale 54 % 5*4 434 Sale 6* Sale Sale 161 54 Sale" 12*4 1254 4u34 14 H 44 X 65 54 118*4 4054 2,578,800 Republic Steel Corp * 64,910 6% conv preferred. 100 90 44,050 6% conv prior pf ser A__100 122,700 Revere Copper & Brass 5 15,790 Class A._ 10 29 2,630 7% preferred 100 81 6,180 534% preferred 100 51*4 256,100 Reynolds Metals Co * 9*4 5,520 534% conv preferred 100 87*4 186,900 Reynolds Spring Co__ l1 7*4 514,7001 Reynolds (R J) Tob cl B 10 39 X 1,1101 Common.10 52*4 369,400 Richfield Oil Corp * 7*4 12,500 Ritter Dental Mrg * 39,000 Roan Antelope Cop Mines 51,000 Ruberoid Co capital stock * 19 40,800 Rustless Iron & Steel Corp 1 1,460 $2.50 conv preferred * 10,600 {Rutland RR preferred 100 1 159,300 St Joseph Lead 10 30,500 iSt Louis-San Francisco 100 52,700 6% preferred 100 2,100 jSt Louis Southwestern 100 390 5% preferred 100 4 198,400 Safeway Stores 1 * 47 51,330 5% preferred 100 104 207,700 Savage Arms Corp 20*4 262,475 Schenley Distillers Corp 5 23,800 534% preferred 100 70 39,000 Scott Paper * 48*4 2,140 $4.50 preferred * 114 2,550 $4 preferred * 2,500 1,300 700 11 1154 Sale Sale 900 Rensselaer & Sara RR Co ..100 14,700 9,200 Lowest Sale Prices 160 8 '14*4 Sale" 112 5% conv preferred 136,700 Purity Bakeries.. ..*• 12,900 Quaker Stat# Oil Rfg Corp. .10 .,932,700 Radio Corp of America * 400 $5 preferred B * 88,300 $3.50 conv 1st pref * 237.500 Radio-Keith-Orpheum Corp.-l 10,700 6% conv preferred 100 34,000 Ray bestos- Manhattan 313,100 Rayonier Inc 1 58,400 $2 preferred.. 25 85,900 Reading Co 50 11,100 4% 1st preferred 5( 20,200 4% 2d preferred 50 11,000 Real Silk Hosiery 5 Preferred 1,130 100 3,200 Reis (Robt) & Co 1st prnf-zJlOO 18.100 Reliable Stores Corp * 4,500 Reliance Mfg Co... 10 187,100 Remington-Rand.^ 1 Preferred ww 18,600 .25 717,500 47,500 58,100 22,800 505,400 242,900 57,000 5,840 142,300 16,000 137,700 5,320 194,900 17,400 83,600 165,900 4,800 Highest Sale Prices 66 1134 21 18X Sale 12*4 1*4 125 141 100 100 16 Sale W* Sale 1054 160 ----- 20*4 Sale 71 32*4 Sale 15*4 100 86,300 171 8*4 * 868,200 Pure Oil 11,000 6% preferred Sale 167 3 334 43 3448*4 2234 Sale 67 72*4 5*4 454 37 3354 754 Sale 46*4 "Sale 8 854 Sale 86 8054 8334 1434 15*4 1234 160 164 178 181*4 634 Sale 634 9 8 8*4 52 52*4 Sale 38 38*4 Sale Sale 70 3*4 43*4 2334 77 49*4 5*4 Sale 24 54 8" — 15,200 Sale 334 4034 22*4 2*4 44 Sale 100 100 - ' 900 com. Public Service Elec & Gas— 2.500 $5 preferred...692,000 Pullman jdo ,-* 100 60 300 * 100 270,600 Pub Serv Corp of N J 27,100 $5 preferred 11,500 6% preferred 5,300 7% preferred 6,200 8% preferred 700 Lowest Sale Prices Ask 11*4 1034 7634 7534 6 5*4 67 62*4 3634 Sale Sale 52 2*4 228,800 Procter & Gamble 9,640 Preferred 5% 330 4,700 1,600 7,700 2,600 3,700 1154 4134 Sale 43 *4 _ 4,960 ""700 7,800 17,500 1,900 2,300 11*4 7634 5*4 41 54 o 40,100 Pitts Forgings Co 1 20 Pitts Ft Wayne & Chi Ry__100 990 7% guaranteed pref_ ...100 195,800 Pittsburgh Screw & Bolt * 42,000 Pittsburgh Steel Co * 10,950 7% preferred class B....100 27,252 5% preferred class A 100 9,720 5 *4 % 1st ser conv pr pf. 100 33,810 Pittsb & West Virginia- —100 10 Pitts Y & Ash Ry 7% pref.-100 19,900 Pittston Co (The). * 65,100 Plymouth Oil 5 7,900 Pond Creek Pocahontas Co.-* 89,800 Poor & Co class B * 114,800 t Porto Rican Amer Tob cl A_* 38,600 Postal Teleg Inc pref * 723,200 Pressed Steel Car common 1 23,100 5% conv 1st preferred 5 13,300 5% conv 2d preferred 50 13,400 2,100 1,280 2,990 400 Jan. 31 Ask Bid 90*4 Sale 354 4*4 30 2554 -100 21,300 Plllsbury Flour Mills 25 3.270 Pirelli Co of Italy Am shares 52,600 Pittsburgh Coal (of Pal 100 25,900 6% preferred ---100 42,900 Pitts Coke & Iron Corp * 2,890 $5 conv preferred * 2,900 5,500 2,300 9,200 11,200 1,000 76,600 Bid Ask Rights 130 RANGE FOR YEAR 1940 ^laJan. 10 15,200 Phoenix Hosiery 2,780 Preferred 30 l,7uu 3,000 Bid 3 410 Preferred 366,450 Phillips Petroleum 100 Jiy JANUARY 1940 Par 5,500 Rhilco Corp 107,800 Philip Morris & Co 31,200 Phillips Jones Corp 37,400 466,400 PRICES Jan. 2 n. y. stock exchange Shares 4,800 4,900 3,400 EXCHANGE—STOCKS 53 111*4 Dec. 31 43 21 Dec. 31 21 1454 Mar. 27 2 14 88 Dec. 49 Jan. 17 4 June 25 115*4 Jan. 11 Juno 24 111*4 Dec. 23 May *4 Jan. 16 Oct. 15 May 21 Sept. 2(' May 21 June 10 May 21 Aug. 1 May 21 Aug. 16 May 21 May 29 June 6 June 14 May May May May 22 23 31 24 June May May May May Dec. May July May Aug. May 4 1*4 Jan. 20 Jan. 2*4 Nov. 88 Apr. 16*4 Jan. 16*4 Nov. 73*4 Nov. 554 Jan. 56 Apr.' 754 Mar. 40*4 Feb. 13*4 Jan. 108*4 Feb. 654 Nov. ' 24 Jan. 2 2 3 14 6 11 8 15 11 5 13 13 4 7 9 3 2*4 Apr. 29 31 Nov.12 .23*4 May 10 24 120 22 114*4 22 22 21 11*4 19 2454 21 12*4 1 2*4 22 1654 13 3054 28 152*4 Apr. May 8 6 Oct. 29 Jan. 4 Feb. 9 Jan. 2 Mar. 11 Jan. 3- May 10 Apr. 23 AGGREGATE SALES In 12 January N. Y. STOCK Months Par Ask Bid 20 Sale 5% preferred 100 Mobile & Ohio certifs—100 6,200 135,800 Sparks Withington * 8,300 Spear & Co 1 190 $5.50 preferred * 17,300 Spencer Kellogg & Sons * 484,100 Sperry Corp (The) v t c 1 100,200 Spicer Mfg Co— * $3 conv preferred A * 12,040 353,400 Spiegel Co Inc 2 Convertible $4.50 preferred * 14,220 1 166,300 Square D Co 140 5% conv pref 100 * 1,372,000 Standard Brands.. $4.50 preferred 18,400 * * 133,800 Standard Gas & Electric 345* Sale 424.900 4,100 500 "T,6O5 21,000 6,900 1,350 24,000 1,640 8,400 30 47,600 1,100 6,400 6,600 1,600 11,000 330 13,700 5,800 5,100 2,600 1,900 Sale 54 335* 35% 6 114% 117 Sale iom lor4 800 290 1,200 11,800 69,500 8,500 22,300 9,100 8,200 3,500 5,600 18% Sale 26% 700 1,700 100 4,100 Sale 64 Sale 85* Sale 5 Sale 75* Sale 45* 45* 85* Sale 75* Sale 585* Sale 635* 75* 45* Sale Sale 45* 100 .10c * —-1 100 10 Paper Co (The)—50 -w-25f 450 9,010 198,500 24,500 176,690 99,600 28,300 383,100 23,000 423,700 630 3,600 300 40,500 2,800 700 430 11,700 6,800 10,500 48,300 210 11,900 23,800 4,500 1,400 5,000 40,800 45,100 3,200 * * 10 Co Gulf Sulphur Texas Pacific Coal & Oil Texas Trust—-1 100 * $3.60 conv preferred * The Fair Co.. ; -* Texas Pacific Land Texas & Pacific Manufacturing 100 7% preferred 1 Thermoid Co $3 dividend conv pref Third -xvenue .... 10 —100 tiy Thompson (J R) .--25 Thompson Products — * Thompson Starrett * •®3 oO preferred -* Tide Water Associated Oil.. 10 $4.50 conv preferred—.— * Timken-Detroit Axle Co 10 * 153,900 Timken Roller Bear Transamerica Corp 2 Transc & West Air Inc 5 Tran & Williams Steel Forg._* Tri-Continental Corp 86 preferred * * 43,000 Truax Traer Coal.— Truscon 10 Steel Co 5,100 270,700 20th Century Fox Film Corp.* $1.50 preferred * 33,600 * 27 Joo Twin City Rapid Transit 6(110 100 1 Preferred 253,700 Twin Coach Co 9l,200|Underwood Elliott Fisher—* 906,6001 Union Bag & Paper ♦ 566,800 Union Carbide & Carbon * 4.610! Union Elec Co of Mo $5 pref--* 155,300 153 600 35,900 7,000 93,700 994,000 1,486,100 411500 130 580 36,900 8,500 3,800 25 Corp (The) Texas Gulf Producing 275,300 516.500 25,200 234,900 5,210 3,600 2,400 45,000 33,200 17,700 1,500 730 5 5 29,900 Telautograph Corp 136,000 Tennessee Corp 3,200 1,300 4,000 6,000 2,000 18,400 2,000 45,200 13,100 13,700 7,700 1,600 8,600 16,600 1,380,741 277,800 363.100 31,900 5,860 97,800 32 000 Union Oil, California 25 Onion Pacific 100 4% preferred 100 Union Premier Food Stores Incl Onion Tank Car ---* United Aircraft Corp.. 5 United Air Lines Transport..5 United Biscuit of America * 5% preferred 100 United Carbon * United-Carr Fastener Corp * United Corp * 83 preferred * United Drug Inc 5 United Dyewood 10 Preferred 100 United Electric Coal Cos 5 United Eng & Foundry.. 5 United Fruit.. * United Gas Impt Co * $5 preferred. * United Merch & Mfrs Inc vtc.l 13,000 77,900 2,700 10,200 3,400 160,700 858,600 17,400 6,200 1,000 1,930 1,500 12,800 115* Sale 95* Sale 9X Sale 27 X Sale 25* Sale 16 X 17 2951 Sale 7 8X -225* Sale 32 Sale 125 zl8 4 3% 32% 4% 28 3% 35* 35* 85* Sale 405* Sale 4% Sale Sale 4 3 Sale 365* 55* Sale Sale 4 75* 75* 345* 25* 385* 45* 315* 3 5* 17 505* 5 365* Sale 29 Sale 6 4X 9 78 Sale 9 Sale Sale Sale 85* 395* 12 J* Sale Sale 325* 125* 695* 1135* 12 5* 785* 845* 135* 285* 28 Sale 165* Sale 95 865* 65* 185* 15* 20 5* 25* Sale Sale 875* 235* Sale 47 Sale 165* 155* Sale Sale 42 25* 395* 5 45* 59 5 90 2,900 250 22,800 2,600 3,500 100 8,200 1,800 3,100 18,200 93,800 10,200 3,600 3,400 82^00 United Paperboard Co.....10 55* % conv preferred 1,800 121,400 U S Industrial Ale hoi. 58,200 U S Leather Co Partic & conv class A 106,200 Prior preferred 6,700 120,900 U S Pipe & Foundry U S Playing Card 15.100 4,700 U S Plywood Corp 130,300 U S Realty & Impt 47 5* 185* Sale Sale 'IS 275* Sale i% 5 Sale 28 Sale 45* 34 355* Sale Sale 115 1165* 115* Sale 55* Sale 70 For footnotes see page 40. 6 335* 24 5* 45* 75* 575* 285* 315* 23% 15* 225* — Sale Sale Sale Sale 70 35* 43 Sale 45* 315* Sale 4 65* 185* Sale Sale Sale 75 Sale 105* Sale Sale Sale 21 Sale 335* 125* 32 Sale 3 55* 305* 15* 135* 95* 975* 305* 465* 45* 145* 75* 15* 695* 45* 9.5* 65* 175* 15* Sale % Sale 85* 32 495* ir$ 265* 45* 45* 115 95* 3 3 88 105* 9 63 177 5 32 245* 4 75* Sale 4 Jan. Jan. 31 Jan. 17 32 Jan. Jan. 31 4 5* Jan. 6 55* Jan. 305* Jan. 17 6 Jan. 6 31 34 Jan. 15* Jan. 10 Jan. 9 24 Jan. 6 Jan. Jan. Jan. Jan. Jan. 3 6 45* 10 5* 105* 405* 2 5* 2 45 Jan. 18 45* Jan. 9 3 9 20 29 Jan. 31 Jan. 23 Jan. 31 Jan. 30 3 Jan. Jan. 29 Jan. 30 Jan. 30 2 Jan. Jan. 31 2 Jan. 18 105* 995* 345* 515* 55* 175* 85* Jan. Jan. Jan. Jan. Jan. Jan. Jan. 27 23 21! 14 9 55* Jan. 9 Jan. 16 75* Jan. 195* Jan. 15* Jan. 10 6 175* Jan. Jan. Jan. Jan. Jan. Jan. Jan. 14 Jan. 9 Ill Jan. 2 Sale Sale 26 Jan. 30 45* Jan. 25* Jan. 30 Sale 28 Jan. 4 Is 2 10 9 9 5* Jan. 23 Jan. 10 Jan. 15 7 Jan. Jan. 10 Jan. 13 35* Jan. 11 32 Jan. 11 2 113 475* Jan. 185* Jan. 15* Jan. 2 2 4 2 35* 65* 5 14 195* 8 14 15 .50 2 5* 425* Feb. 16 8 55* Mar. 5 8 75* Anr. 65* Dec. 13 385* Apr. 16 Feb. 2 4 Jan. 25 5* May 28 1 May 18 7 Jan. Sale 505* 205* 15* 305* 4 5* 56 11 Sale 31 5 Jan. 40 22 42 Jan. 8 Sale 30 705* Jan. 105* Jan. 10 Jan. Jan. 22 45* Jan. 395* Jan. 645* Jan. Sale 95* Jan. Sale 1145* Jan. Sale 95* Jan. 35* Jan. 35* 35* 90 Sale 95* Sale 179 Sale 355* Sale 45* Sale 64 285* Sale 325* Sale 225* 215* l3-* Sale 20 5* Sale 875* Sale 3 88 Jan. Jan. 105* Jan. 85* Jan. 625* Jan, 29 4 117 2 11 15* 135* May May May May May May Aug. May May May May May May 65*_MAy 21 k June May 595* June 105 May 12 May 71 May 9 5* 21 21 Nov. 35 21 22 22 22 30 5 21 22 21 22 15 1 1 Feb. Jan. Apr, 4 Feb. 13 Apr. 11 28 22 23 ^ lH 42 17 105* Jan. 695* Jan. 27 Jan. 14 Jan. 30 183 5 8 Jan. 31 65* Jan. 3 365* 235* 3 5* 65* Jan. Jan. Jan. Jan. 17 :r375* Jan. 30 285* Jan. 16 45* Jan. 85* Jan. 4 64 30 30 Jan. 17 285* Jan. 2 Jan. 3 31 ^ 22 5* Jan. 30 15* Jan. 195* Jan. 2 30 85 Jan. 2 Sale 59 Sale 59 Jan. 31 Sale 755* Sale 72 5* Jan. 4 64 Jan. 315* Jan. 335* Jan. 255* Jan, 15* Jan. 245* Jan. 945* Jan. 645* Jan. 765* Jan. 10 6 17' 11 18 6 11 11 11 10 29 Jan. Dec. 2 3 3 26 Jan. 3 Jan. 6 Oct. 9 Mar. 12 Apr. 10 3 97 May 11 6 125* Dec. 11 Nov. 10 89 Jan. June 4 17 27 Mar. 13 May 18 55* May 22 50 11 16 Jan. 35* Dec. 28 15 10 13 655* Mar. 14 25* May 21 255* May 22 41 855* 60 May 21 95* Dec. 17 6 118 1075* June 6 June 10 135* 75* 3 May 21 5 31 8 8 98 13 3 21 19 Jan. 9 Jan 24 11 28 80 4 Dec. Apr. 895* Feb. 16 July 295* May 535* Apr. 23 5* Apr 18 Apr. 1115* Dec. 655* May 205* Dec. Sept. 23 265* Dec. 28 6 14 19 7 Apr. 22 185* 885* 27 1165* 21 175* Dec. 17 90 23 45 2 Jan. Jan. 10 4 Jan. 10 3 5* May 9 Jan. Apr. Apr. 10 28 35* Jan. 7 Apr. 15 Apr. 24 21 25 10 35* Jan. 9 4 Mar. 4 4 135* Mar. 14 Dec. 26 4 Jan. 23 June 225* Jan 315* July 12 May 12 5* May 1085* Nov. 425* May 12 May 15* Dec. Mar. 14 215* Apr. 95* Nov. 25* 825* 55* 105* 135* 255* 35* 22 13 17 177 9 6 995* Dec. 14 345* Dec. 30 525* Nov. 15 21 70 22 30 16 June 19 May 15 5 June 30 6 6 375* Jan. 30 13 5* Jan. 31 6 125* Jan. 8 " Feb. 64 Jan. 345* Jan. 125* Jan. 70 5* Jan. Sale 4 355* 4 5* 105* 45* 15* 2 30 Sale 11 2 5* June Mar. 21 2 13 30 31 53 18 Jan. Jan. Dec. 27 6 315* Jan. 27 8 36 6 6 Jan. 135* 295* 445* 4 125* Jan. 185* Jan. 22 4 13 3 Jan. Dec. 24 27 10 Jan. Nov. 26 Jan. 8 7 11 May Jan. 13 23 4 4 Jan. 95* Jan. 135* 5 Dec. 26 Apr. Apr. Jan. 2 645* Jan. 31 xlll5*Jan. 30 115 2 145* 125* Jan. 2 855* 775* Jan. 855* 805* Jan. 31 23 5 12 6 11 21 Mar 23 75 24 14 25 Mar. 55* 95* 475* 45* 375* May 21 7 9 10 40 8 5* May 28 81 May 28 18 30 74 Sale 10 2 19 25* Dec. 45* May May 2 5* May 265* May 5% Oct. 35* July 5 May 33 2 Jan. Sale Sale 245* 18 - Sale Sale 2 45* May 21 285* May 20 75* Jan. 25* 2 645* 95* 62 3 5* May 22 30 3 95* Jan. 3 7 5* May 3 6 Apr. 11 21 4 5* May Jan. Jan. Jan. Jan. 2 20 8 Jan. 4 22 29 2 J an. 6 21 2 Sale 115 112 39 Sale Jan. Jan. Jan. Jan. 355* 55* 3 5* 85* 75* 35 5* 2 5* 385* 45* Sale Sale Sale 75* 6 5* 45* 325* 4 22 20 2 Sale 75* 375* 135* 135* Sale 95* May May 235* Jan. 3 May 245*.lari7 "27 1*175* May 16% Aug. 195* Jan. 14 6 8 18 6 Aug. May 29 May 15 May 21 Oct. 7. 16 15* Sale Sale 365* 30 30 7 6 May 21 465* 1185* 75* 125* 6 Dec. 30 Jan. 3 Feb, 15 Apr. 2 Jan. 5 Feb. 21 May 4 805* 85* 85* 125* 125* 655* 125 Dec. 23 105* Jan. 20 275* Jan. 5 25* Jan. 3 185* Nov. 8 355* Feb. 28 75* Mar, .25 245T"Apr. 22 325* Jan. 25 55* May 21 7 95* Jan. 405* Jan. 35* Jan. 38 Jan. Sale 45* Sale 27 Sale 30 Dec. 5 10 10 Jan. 38^ 19 4 3 5* Jan. Sale 715* Sale 182 10 6 1 % 715* 45* 95* 65* 17 5* Sale Sale Sale 11 28 Jan. 15* Jan. 17 295* 465* 45* 145* 75* Sale 5 Jan. Jan. Jan. Jan. Jan. 17 Jan. |65* Jan. May 21 56 May 21 45* May 15 23 4 21 2 30 Sale Sale 4 4 27 4 30 Sale 26% Jan. 29 Apr. Jan. Jan. Jan. 21 1 4 8 9 8 165* Oct. 85* Jan. 365* Jan. Jan. Jan. Dec. 14 Jan. Jan. Jan. Jan. 20 5* May 295* June 11 22 31 9 25* 75* 185* 225* 11 Jan. Apr. 3 Dec. 12 Jan. 3 Apr. 9 Apr. 10 Dec. 2 Apr. 6 13 13 Jan. 27 225* 20 29 Jan. 13 30 127 9 975* Jan. Sale 25* 65* Jan. 55* Jan. 45* Jan. 13 Jan. 3 Feb. 385* 585* 115* 665* 405* 125* 75* May 18 25* May 22 95* May 25 125* May 21 6 Jan. 14 20 Sale 805* 135* Sale 30 Jan. Jan. 47 10 June 85* 55* 85* 85* 585* 30 21 98 1 5 May 14 235* Apr 11 May 21 5 31 72 29 21 21 28 22 22 23 Dec. 112 6 Jan. 66 31 Jan. 9 Jan. Jan. 7 14 Oct. Jan. 38 40 Jan. Jan. Jan. Jan. Jan. 9 Jan. 4 35* Apr. 24 39 12 June 205* Jan. 275* Jan. 365* Jan. Sale 81 Sale 31 2 Jan. 2 Jan. Jan. 30 Jan. 30 Jan. 30 Jan. 17 2 Jan. 6 Jan. 2 Sale Sale Jan. 2 31 Sale Sale 30 Jan. Sale Sale Sale 3 Jan. Jan. 135* Jan. 95* Jan. Sale 115* Sale Sale 64 5* Sale 1145* 111?* 114 Sale 135* Sale Sale Jan. 63 5* 85 i Sale 485* 25* 24 3 Sale 38 Jan. 30 Sale 9 6 24 3 Sale Sale Sale 35* Sale 86 5* 905* 115* Sale 95* Sale 665* Sale 176 85* Sale 55* 45* 95* 21 Jan. 85* 175* 15* 145* 9 2 Jan. 65* 1125* 15* 35* 145* 175* 30 155* Jan. 205* Jan. 345* Jan. May 21 May 33 May 19 May 455* May 45* May 46 May 265* May 4 35* Jan. Sale Sale 9 5* Sale 1145* 116.,95* Sale 35* Sale -—* * * 10 1,263,600 U S Rubber Co. 8% 1st preferred 100 150,300 f 57,400 U S Smelt Ref & Mining—50 Preferred. 50 19,900 35* 8 5* 375* Jan. 25 116 32 36 34 Sale 855-S 145* 50 100 20 10 1 * 25* 165* Sale 135* Sale 1115* Sale 65" Sale" 175* 38 Sale 12 88 Sale Sale 245* 2X 24% 10% 114 45* 85* Sale 5 11X Sale 55* 45* Jan. Jan. J an. Jan. ~22-5*JaTr.—3 175* Jan. 3 Sale Sale 735* ,5 Sale Sale Sale 175* Sale 8 85* 15* Sale Sale 35* 225* 185* 3 99 8 21 65* 55* 45* 2 31 Jan. 125 85* Sale Sale Sale 215* 15* 35* 605* 145* 6 3 3 3 30 X May 22 65* May 21 8 May 21 13 5* May 21 6 175* Nov. 65* Jan. 575* Jan. 365* Jan. 30 7 126 85* 175* 15* 145* 36 175* 95* Sale 125 23 X May 3 45* Jan. 205* 30 385* 30 a:375* 3 585* 7 Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. 2 13 545* Jan. Sale 7 75* 545* Sale Sale 1 335* 515* 45* Sale .Sale 32 Sale 2% Sale 75* Sale 65* 65* -55* 45* 325* Sale 305* 30% 2 X Sale 18 X 17% 10% Sale 90 X 905* 23 X Sale 50 X Sale 75 5 Sale- 175* Sale 4li r 22 5* 12% Sale 16% 59% Sale 15* Sale 165* 235* Sale 16 8X Sale 65* 7X 5X Sale 34 X Sale 4% 6% 44 X 3X 32% 8% 6X 128 85* Sale 71,900 U S & Foreign Secur Corp...* $6 1st preferred -* 10,580 U S Distributing Corp pref. 100 14,340 * 45,000 U S Freight 20 155,800 U S Gypsum Co 7% preferred 100 3,400 —5 36,800 U S Hoffman Mach 140 700 Sale 27 36 Sale stock purchase warrants.—1 123,900 Without warrants 1 78,200 9 9,400 Talcott (James) Inc 55*% particpref 50 1,830 Thatcher Sale 185* 265* 33% 365* 345* 625* 75* 45* 195* Sale 35 152,550 Swift International Ltd Texas 115 116 335* 355* —* Superheater Co (The) Superior Oil Corp Superior Steel Corp 812,332 120,500 212,400 111,700 134,800 21,300 24,900 3,800 8,200 3,710 146,000 114 6 65* Sale 6X Sale Ill 111% 1135* 1125* Sale 1 1 Sale 1 1% 3 25* 25* Sale 2% 125* 125* 12 X Sale 135* 145* 145* 14 X 145* Sale Symington-Gould Corp with 7,100 3,900 55* Jan. 535* Jan. 325* Jan. Sale 56 X 58 122 122>3 Jan. 58 Sale Sale 545* 325* Sale * 30 Sale 6 Sale 3 13 Sale 585* Sale Sale 34 395* 1 6% preferred Swiff&'TCo Sale' 2 Jan, 185* Jan. 335* Jan. 32 5* Jan. 20 32 5* 3 15* Jan. 45* Jan. Sale 34 2 27 34% Corp Sweets Co of Amer iox 60 255* Sale 26 X Sale 44 X Sale Webster Sutherland Sale 185* 20X 375* Sale *375* Sale 58 57 X 6X Sale 285* 105* 135* 24 5* 295* 29 Jan. "Jan. 205* Jan. 1 Sunshine Mining Co 305:300 52 5* Sale Prices 8 5 Sun Oil Co.. 7,200 , Sale Highest Sale Prices 12 Sale Sale 295* 15* 45* Sale Warner Corp Stokely Bros & Co Inc.. Studebaker 34 Lowest Sale Prices 25% Jan. 33 X 80 Stewart Stone & 22 5* 205* 455* Sale Sale 125* 225* 255* 15* 35* 75 Sale 55 Highest Sale Prices Sale 9 * -.10 35,600 Starrett Co (The LS) 99,100 Sterling Products Inc 149,900 136,200 462,600 1,499,000 83,900 4,810 162,500 80,900 136,700 59,800 41,300 75* 69 65* Sale 165* Sale 20 Sale 1,312,600 Standard Oil of New Jersey .25 Standard Oil of Ohio 25 700 2,700 4,600 13,300 8,800 24,400 51,600 9,500 7 65 * 25 ,6 prior preferred 7 prior preferred 791,300 Standard Oil of California 694,300 Standard Oil Co. of Ind 86,800 61,900 163,900 2 5* Sale * * -* 4 preferred— 256,500 42,300 219,200 39 37 26 27X Sale 8 5* Sale 12X Sale 21% Sale 27 26X 2 1% 45* 1% 145* Sale Ask Ask Bid Bid Sale 29 5* Lowest Jan. 31 Jan. 2 783,000 Southern California Edison..25 * 974,300 Southern Pacific Co -* 522,400 Southern Railway 500 11,800 1940 EXCHANGE Shares 13,000 219,500 44,800 56,600 RANGE FOR YEAR 1940 JANUARY Jan. 2 1940 Shares 327800 PRICES IN Price STOCKS 39 EXCHANGE—STOCKS STOCK N. Y. FED., 1941] 1 25 165 May 23 1825* May 14 Mar. 9 25* May 21 Dec. 26 17 255* July 14 May 35* May 6 May 48 Aug. 2154 June 27 5* June 22 Dec. 5* May 15 May 685* May 39 5* May 60 May zf 28 14 Apr. 25 75* Apr. 23 125* Apr. 23 74 May 4 4 385* Jan. 39 Apr. 1 10 24 Nov. 29 15 415 Jan. 2i 21 21 19 11 3 21 22 117 Jan. 5 3 Apr. 11 675* Nov. 14 23 22 *73 5* Dec. 26 40 N. Y. STOCK AGGREGATE SALES , in January Price STOCKS 12 Months EXCHANGE—STOCKS Jan N. Y. STOCK EXCHANGE PRICES IN JANUARY 1940 Jan. 2 Shares Par Bid Ask 4,251,900 United States Steel * Sale 136,700 7% preferred 100 117% Sale 73,100 U S Tobacco * Sale 35 3,720 7% preferred. 25 43 Sale 45,600 United Stockyards Corp 2 Sale 1 120,400 United Stores A..,.. __5 1% 9,440 $6 conv preferred * 54 14,700 Universal-Cyclops Steel 14 1 11,100 Universal Leaf Tobacco * 68 Sale 1,420 8% preferred ._l6f 151 157 12.720 Universal Picture 1st pref. .100 69 Sale Bid 80 20 31,200 66,300 56,600 4,790 4,050 9,500 30,240 ,380 / 60 Vadsco Sales Corp * % % Preferred100 16 19% Vanadium Corp of America._* 33 % Sale Van Raalte Co 5 37 38 7% 1st preferred..... .-.100 114% 115% Viek Chemical Co 5 44% Sale Vicks Shreve & Pac Ry Co.100 55 62 5 % non-cum preferred100 Victor Chemical Works 5 30 Sale Va Caro Chemical. * 3% 4% 6% div partic pref. 100 29 Sale Virginia Elec & Power 6% pret* 117% 118 Virginia Iron, Coal & Coke— 5% preferred ..100 6% Sale Virginian Ry Co 25 44 % 45 6% preferred 25 33 % 35 Vulcan Detinning 100 93 Sale 7% preferred 100 132 - 31 IX 1% 20% 95% 5 X 33% 16 393,900 339,600 325,900 3,960 86,900 54,500 1,330 . .. Wastvaco Chlorine Prod $4.50 pref * $5 conv prior preferred.. White Dental Mfg Co White Motor Co White Rock Min Spgs 48 47 Sale . * 4^ * 26" Sale 73 X 105% 112% Sale 50 Jan. 10 56X Jan. 3 16% Jan. 59% Jan. 10 15 57 155 154 136 Sale 140 Sale 85 23 X Sale 2% Sale 26 Sale 117X 15 Sale 40X 42 32X Sale 92 96% 135 15 40% 41 33% Sale 93 94% 16* 3% Sale 53 Sale Sale Sale 71 3 3X 5 6% % Sale 33 20 X 3X Sale IX Sale 3X Sale 5% Sale * 54 Sale 20% Sale 21% Sale 134 34 Sale 35 35% Radio Corp Zonite Products Corp * ...1 rCaehsales. Sale 84 89 Sale 10X 2% 2f * T4 42 20 15% Jan, 53 Sale 8 30 Jan. 31 3 JairrSJl0 Jan. 3 Sale 16% Sale 3% Sale 73 Sale 106 29 125 Jan. Jan. 3 17 Jan. Jan. 78 IIII 16 Jan. 30 Jan. 29 2 -/is 8% 22% 105% 6% 30% 13% Jan. —~•5"%"Jan". 1 6 89 6 10 6 "3% Dec. 17% Jan. 3% Jan. 60% Jan. 9 1 Jan. 8% Jan. 6 28 2 4 Jan. 7 30 Jan. 9 Jan. 2 15M Jan. 18% Jan. 30 Jan. Jan. Jan. 13 6 3% Jan. 3 23% 16% 20% 4% 16% Jan. 2 Sale 31% 29 X 1% 2% 22% Sale 78% 21% Sale Sale 118 10% Sale 40% Sale 96 1!* 2% 80 18 3 13227jj 70 11 Sale Sale 2% 9 Jan. 5 21 25% May 3 105 Apr. 29 4 40% Apr. June 31 22% Jan. 22% Jan. 10 14% May 15% May May 110 May 31 10 30 105 Jan. 2 11 138 Jan. 28 31% Jan. 27 34% Jan. 10 29 36 Jan. 20 110% Jan. 6 Jan. 133 Jan. 29 Jan. 76 Jan. 14 12 3 1 26 118 Jan. 22 17% Jan. 7% Jan. 5% Jan, Jan. 13 10 9 10 70 Nov. 37% May 38% Feb. 109% Dec. 28 Dec. 80 85 103 May May 18% May 93% June 51 May 7% Aug. 7% May 4% Mar. 3% May 38 22% Jan. 22 23% Jan. 23 1% 2% 5% 5% on 73% 1% Sale 1% Jan. 2 Sale 2 Jan. 2 Sale 4% Jan. 4% Jan. 3 3 68 X 115 Sale 67 Jan. 6 29% 31% 2G% Sale 30 Sale 29% Jan. 31% Jan. Jan. Jan. 7 11 Jan. 13 Jan. 25 Jan. 28 33% Jan. 34% Jan. 24% Jan. 7 I* 4* 116 31 Sale 20 Jan. 30 90 85 97 94 Jan. 85 Jan. 27 198 30 91 56 Sale 55 Jan. 60% Sale Sale 59% Jan. 92% Jan. 75 Sale 75 19M 14 % Sale 7 9 Oct. 14 Nov. 15 35% Apr. 9 Dec. 23 125 74% 11% 17% 11% 7% 57% 24% Jan. 14% May 1% Oct. 4 Jan. 140 Jan. 27% May 108 Jan 28% Jan. 28% Jan 76 50 4% Jan. 7 Jan. 5 Jan. 15 May 21 Nov. 14 Apr. 18 Dec. 30 10 May 3 Apr. Mar. 8 May 2 3% Jan. 11 3% Apr. 22 6% Apr. 13 7% Apr. 22 June 7 Mar. 6 Jan. 2 121% Mar. 34% Nov. 1 7 15% May 21 30 May 18 13% May 21 70 42% Apr. 5 60% Jan. 28 29 8 24% May 17 102% Oct. 22 Oct. 2 July 25 95 June 5 Nov. 15 58 28 39 June 9 91 June 11 73 19% Jan. 3 64% Jan. 30 101% Jan. 22 80 Jan. 30 22% Jan. 14 30 17% Jan. 10 9 120 Jan. 2 12% Jan. 10 Jan. Jan. 117 118% 117% Jan. Sale 10% Jan. 35% Sale 35% Jan. 94% Sale 94% Jan. 15H Sale 15% Jan. 11 g Bx-rights. 3 8% Apr. Sale 125 Sale 8 Oct. 5 3 Sale 4 12 9 2% May Jan. 2 Jan. 4% May 2 30 14 II* 110% Apr. Apr. 16 Jan. Sale 16 J an. / 27 Sale Dec. 2 10% Jan. 14% Jan. 4% 7 4 22 2 23 Feb. .Tan. Jan. Jan. 22% Nov. 13 28% Jan. 3% Jap. 30 100 41 19 13 Jan. 19% Jan. 20% Jan. 95% Jan. 4% 10 10 Sept.13 Sept. 13 115 % Dec. 4% Jan. Jan. 108 3 6 Feb.—1 Jan. 10 120 % Jan. 11% Sale 6% 21 Nov. 9 Jan. 11 June 2 14 % 6 9 Dec. 108% May 11 May 100% May %e Jan. 71 May 30 7 Jan. 73 3 Nov. 18 Jan. 18 9 105 5 Jan. 2 Jan., 30 Jan. 133 8 4% Feb. 23 Apr. 16 June 90 7 May Dec. 24 80 58% Aug. 91 4 Nov. 20% Apr. 22 96% May 18 9 Jan. 2% 12% 34% 28% Dec. 10 5 Jan. 56% 2% May 25 Apr. 4% Feb. 15% May 98 Sale May 30 May % May 3 % May 22 May 20 May 13% May 14 May 7 Jan. 28 X 119 94 6 ■ 2 9 Jan. 112% Jan. 30 115 105 Jan. 20 107% Jan. 117 Jan. 14 117% Jan. 16% Jan. 104% Jan. 24% Jan. 3% Jan. .Tune Jan. Jan. 98% 4% Sale 4% 4% 67 65% 117 Jan. 6% 35% 16% 9% 1% 25% % May 13% Aug. 21% Jan. 3 74% Jan. 20 106% Jan. 29 95 Sale 17 Jan. 6 109 Sale 109 Sale 130 2 70 105 30 June 9 9 9 3 4 Nov. 12 1% Jan. ig 104$ May 18% May 22 29 Oct. 10 135 3 Jan. 6 Feb. 31% Jan. 16% May 6 Apr. Mar. 15 120 X Oct. 2 22 31 60 Aug. 22 31% Mar. 14 4 4% Jan. %6 Dec. % May 4 .Tan. Dec. 62 May May 5 31 P 5 May 18 15% 36% June 14 48 28% May 29 35 71 May 23 110 17 5 Dec. 117% Apr. 49% May May June Apr. May 10 1 % May 10 Jan. Jan. Jan. Jan. Jan. Jan. 75 73 71% 9% 10% 17% Sale 0% Sale 4% 4% 41 65% 23 22% Ex-dividend, Sale Sale 100" Sale * X Jan. 8* Sale 108 Sale 46 17 31 62 76% 95 27 X 94 Jan. 15% 30 111 Youngstown Sheet & Tube. * 5 % % preferred series A._ 100 Youngstown Steel Door * 93% Jan. Sale. 136 Sale 93 Sale 4 31 31 Sale 55 X Sale 59% Sale 11 Jan. 33% Jan. 31 Sale 35 * 20% Jan. 2 14 20% Jan. 19% 110 100 109 29 103 X Jan. Jan. 20% 95 % Sale 75 1 14 7 4 3% Sale 6X 0% % 70 _ 11 Jan. Jan. 2 1* 72% 60 85H a87,X 24X Sale 18% Sale U5X 117 Jan. 19 2 Jan. 8 19* June May 22% May 112 July 35% May 15 41 Jan. Sale 18% 99 46 2 32 Sale 15% 18% 3% 85 Sale 2 5 128 %6 Nov. Jan. Jan. 24% 2% Jan. 30 27% 7 117% Jan. Sale 28 100 34X 43 X 30 Jan. 26 June 9 Nov. 22 2% Apr. 24 2% Apr. 11 63% Dec. 11 18% Nov. 9 70 Jan. 15 56 % Jan. 60 Aug. 28 Sale 5* 31% 32% 32% Sale 114 Jan. Sale 58% 23% 2*4% 38% Sale 18 Sale 72 66% * 9 Jan. 8% 3 104 109 X 110 4X 10 115% Jan. 3 44% Jan. 80 17 X 70 70 10 - Sale 23 X 1 10 15 Sale % 14% 22% Sale 15% 16% 18% Sale 3X Sale 4% Sale OX Sale 36% Sale 15 Jan. 20 120 X %» % %. 8 8X Sale 22 22 X 21 105 106% 103 X 5% Sale 4% 28 3014 Sale 13 Sale 13X J3ale -3% Sale 70 Jan. 135 Sale 117% 118% 117 17 18 17 16% 105 Sale 105M 107 28 % Sale 25 Sale 1 10 Sale Sale 110 17 85 21X 23% 22 2 2% Sale 21 21X Sale 117 117% 116% 59 12 26 114X 115 114% Jan. 43 % 44% 42% Jan. 50* 5 Dec. ,p* 25 30 Sale June June 9 25 43 13 Prices Nov. May 18 6 Sale 115% Sale Dec. Sale 12% May 24 45 May 24 8 159 134% June 4 25 Jan. 4 1 41 Jan. 25% 26X 21 Jan. 4?H % Jan. 3 30 115 68 Jan. 29% 34% Jan. Jan. 105 90 2 16 Sale 31X %6 Jan. 15 157 17 144 28% Jan. 106 Sale Sale Jan. Sale % Sale 95 Jan. 16* 18* 105 Sale 133 29 111% 113 40 - 15% 16 33% Sale 100 7% preferred.. Young Spring & Wire Sale 106 5 Yellow Truck & Coach cl B 154 Sale 9X 6% preferred B deferred delivery. 1C Sale 37 7 4 17 113 7% X 4 Jan. 106 "36 X Sale Jan. Jan. Sale Sale 13 16 Sale 19X Jan. 50 80 Sale 17 103% May 21 16% 55% 29% 3% Jan. 13 1% Jan. 1% Jan. 2 6 Jan. 53 27 Sale IX Jan. Jan. 15% 53% 10 X 22 X IX 1% jHighest Sale Prices 42 May 21 48 % 1 12 X 6 Prior pref 4 % % series... 30,100 100 Prior pref 4 % 28,700 % conv ser 100 7,250 Wright Aeronautical Corp...* 30,860 Wrigley (Wra) Jr ♦ 39,600 Yale A Towne MfgOo.. 25 a 30% 47% 1% Lowest Prices 17X 8 116 No par value, 62% xl26 154 Sale '19% Sale" Highest Sale Prices Sale Sale 62% Jan. 30 70% Sale 126 Jan. 31 130 Sale 30 Jan. 30 33% 47 49% Jan. 7 48 50 9 Sale 31 Lowest Ask Sale Sale 110 Wisconsin Elec Pow 6% pLlOO 10 Zenith 16% 54% IX 52 146.100 Woodward Iron Co 686,300 Woolworth (P W) 323,600 Worthington P&M 1,230 7% preferred A 50 6 1 Col".* Sale IX Sale Sale * 5,210 84,200 836,900 4,700 115,000 164,400 136,900 16X 1% 22 X 3% (SS).20 33,000 Wilcox Oil & Gas.. 774,300 Willys-Overland MotorsT 286,300 6% conv preferred 491,200 Wilson & Co 46,200 $6 preferred "... 1,006,100 Sale 111.,* White Sewing Machine 1 $4 convertible preferred * Prior preferred 24,900 III20 ' Sale Telegraph.. 100 26% Sale Westinghouse Air Brake. * 27 X Sale Westinghouse Elec & Mfg 50 116% Sale 7% 1st preferred.., 50 136 138 Weston Elec lastrument. 12.50 28 X Sale Wheeling & Lake Erie Ry.-lOO 7,800 5%% conv preferred--.-100 323,700 Wheeling Steel Corp * 1,368 6% preferred.. --.100 780 21X Sale Western Union 200 7,900 10,400 427,800 338,400 242,500 3,900 7 -llf —KM IX _ . Sale 6% ... _ Sale Sale Sale _ 18,400 tWabash Ry Co 100 41,700 5% preferred A__ 100 54,500 Waldorf System. * 50,600 Walgreen Co * 4 % % preferred with warr lOO 9,500 * 343,900 Walworth Co 84,200 Walker (H) Gooder <fc W Ltd. * Div redeemable 18,410 pref * 14.700 Ward Baking. Co class-A Class B * 35,700 34,105 7% preferred 1100 514,100 Warner Bros Pictures.. 5 $3.85 preferred 6,420 * 118,700 I Warren Bros. « $3 preferred 6,460 * 17,700 Warren Foundrv & Pipe * 29,000 Washington Gas Light Co * 33,400 Waukesha Motor Co 5 Wayne Pump Co 45,900 1 56,600 Webster Eisenlohr # 50 7% preferred I_._r_.100 98,900 Wesson Oil & Snowdrift* $4 conv preferred... 9,900 » 4,990 West Penn Electric Co A. * 9,600 7% preferred.. -100 9,940 6%_preferred 100 11,500 West Penn Pow Co 4 % % pf 100 85,900 West Virginia Pulp & Paper. _* 2,100 6% preferred 100 119,500 Western Auto Supply Co.. 10 52,200 Wpstern Maryland 100 4% 2d preferred 12,900 ___10f 31,900 Western Pacific 6% pref... 100 Jan. 31 Ask Bid 69 % 128 si* 47,900 2,070 585,300 25,900 1,920 29,300 RANGE FOR YEAR 1940 2 1940 13% Jan. 2 Jan. 7 31 31 31 16 31 42% 94% 18% 15% 2% Jan. 18 Jan. 18 8 11 6 Jan. Jan. 31 Jan. 6 Jan. 9 Jan. 6 J Companies reported In receivership. 55 60 June May 15% May 9% May 98 May 6% June 26% June 80 May 12% May 8% May 2 Mar. 17 65% Oct. 31 10 129 Apr. 23 28 21 93 Apr. 9 26 25 Jan. 3 4 19% Jan. 25 126% Sept. 4 10 14 Apr. 16 10 3 48% Jan. 28 99% Dec. 16 4 21 28% Jan. 21 17% Apr. 8 1 4% Apr. 22 T Called for -ademption. ON NEW YORK CURB OF PRICES RANGE NOTICE—Deferred delivery, under the rule and cash sales, are the computing range for the * 12 ....—-JanuaryShares disregarded In the month's range, unless they are the only transactions of the in the month in which they occur. No account is taken of such monthly range are shown In a footnote PRICES STOCKS 460 Acme vvire Co 6,500 2,500 2,300 1,000 ""*500 675 530 530 8/0 Mfg Corp com—5 Convertible preferred. Warrants * IX - Sale lA Sale 94 H ... 3 2H 13* 23* X ,VA 22X 20 >4 29,100 100 2,500 400 300 1,020 1,300 500 100 600 100 4,300 9751 300, 2,700 7,400 10,950 59,300 4,700 7,900 5,. 00 21,700 4,700 7,000 4,800 1,250 50.30 8,725 9,500 61,700 8,900 1,800 2,300 33,200 1,950 3,300 1,175 350 450 2,750 6,000 400 450 "2",600 1,100 100 175 11,100 1,900 23,500 2,650 2,500 3,100 700 1,100 200 400 3,200 5,600 5,000 90 200 900 3,100 500 10,700 800 100 40 4",600 * * * Aluminum Goods Mfg Aluminum Industries com Aluminium Ltd 100 1 6% preferred Beverage Corp American Capital Corp cl A "97"" 1053* 107 IX IX 7X 3 -* 205* Sale 76 703* 25 25 1 . Class A with warrants . American Export Lines com__l Amer & Foreign Power warr Hoe Co com.. American Gas & Electric 45*% preferred * 10 100 American General Corp 10c $2 preferred $2.50 preferred 1 1 31H 2!S 38 X Amer Potash & Chem Corp..* Amer Republics Corp com-.10 Amer Seal-Kap Corp com American Superpower preferred $6 series Preferred $6 series American Thread 5% pref 2 * * .* 5 Anchor Post Fence common. * Angostura-Wupperman 1 Apex Elec Mfg Co common... * 1 kansas Nat Gas common.. * A non-voting * 10 preferred. * Equipment Corp .1 6% preferred .5 Ashland Oil & Refining Co.-l Associated Elec Industries— American deposit rects...£l 14,700 34,000 J Assoc Gas & Elec common. _ 1 Class a 1 217,300 $5 preferred * 31,100 2,800 Assoc Laundries of America. V t c common * 900 * 400 Assoc Tel & Tel class A Atlanta Birmingham & Coast RR Co preferred 40 100 30 Atlanta Gas Light 6% pref. 100 1 105,700 Atlantic Coast Fisheries For footnotes Art Metal Works common._ see page 53. 70 66 29 IX n % 35 Sale '37 X 19 15X 28 X 25X 31 Sale 163* Sale Sale 23 20 85 68 5* Sale Sale 32 84* 75* 5X X X 88 75* Sale Sale 74 X 73 15X 3X IX IX 12X h 2X 2X 75* _ 15X Sale IX 2 13 X 5X 53* Saie Sale 2X Sale 3X 29 31 30 17 Sale 18 12 X 333* 1834 Sale 51°A< 7 X 2X 2 X 11X 23 Jan. 30 22 Jan. 27 153* Jan. 16 22 X Jan. 13 17 2 *34 11X 6X Sale 1123* 2X 283* 303* 1634 18 3* 2 1383* Jan. Jan. 7 108 30 Jan. 15 Jan. 13 Jan. 31 Jan. 10 Jan. 30 Jan. 9 3 13 7 Jan. Jan. 31 13 Jan. Jan. 29 7 Jan. 10 Jan. 30 68 Jan. 20 3* Jan. 7 273* Jan. 31 26 Jan. 31 % Jan. 6 % Sale 12* Sale 3 29 31 1834 19 Sale 28 23 80 32 313* Ms Ms 673* 633* 53* Sale . 3* 563* Sale 63* Sale Sale 5X 5 Sale 2X 3 Ms X Ms Sale IX IX 2 2 Jan. Jan. 31 116 Sale 30 3 2 Sale 573* 634 33* 23* 1 10 k 12 Jan. Jan. 33 1634 Ms 113* 283* 1834 73* 7334 953* 35 >2 Jan. 30 Jan. 31 Jan. 23 Jan. 30 24 29 X May 28 8 Jan. 14 6 253* June 223* June 20 Jan. 10 3* June 11 15 Jan. 4 Jan. 10 193* Ms Jan. 123* Jan. 303* Jan. 28 Jan. 17 2 10 33* Jan. 293* Jan. 4 33 Jan. 20 20 Jan. 8 20 Jan. 10 6 133* Jan. 283* Jan. 233* Jan. 41 15 Jan. 20 Ms Jan. 2 3 17 14 66 Jan. 17 17 30 7 Jan. 13 33* Jan. 3* Jan. 59'X Jan. IX lk 8 Sale 92 Sale 83* 53* 5 2% 9k 6 Sale 2 30 8 Jan. 15 13 22 33* Jan. 23 23* Jan. 13* 3* 6 Jan. 14 3* Jan. 113* Jan. 3 1 Jan. 27 12 Jan. 7 Ms Jan. 13* Jan. 13* Jan. 21 2 21 134 Jan. 13* Jan. 73* Jan. 6 28 Jan. 30 83* Jan. 53* Jan. 10 Jan. 2 Ms Jan. Ms Jan. 13* Jan. 24 10 13* Jan. 28 2 Jan. 10 27 3* Jan. 3* Jan. 13* Jan. 92 5 Sale 3* 2 May 25 15 17 4 6 83* Jan. 11 Jan. 23 83* Jan 53* Jan. 53* Jan. 21 94 . 17 9 May 24 4 3* June May 21 Ms Dec. 19 Jan. 28 673* Jan. 30 21 4 4 Mar. 30 1 11 19 10 2 Apr. Apr. Apr. X Jan. 3 1 35 Apr. 333* 13* 375* 393* Mar. 1 Apr. 5 Nov. 18 20 163* Jan. 293* Jan. 253* Apr. 73 May % Jan. Jan. 36 5* Jan. 30 1093* Apr. 105* May 43* Aug. 15 65* Mar. 33* Dec. 31 Dec. 3* Dec. 20 June 8 May 23* May 1 May 5* May 85* May 21 Feb. 8 48 6 .8 23 21 15 21 May 22 13* May 21 63* May 23 853* Dec. 12 6 83* Dec. 4 May 21 4 May 24 2 2 28 133* May 21 2 Jan. 3 115* May 22 60 3 Ms X Ms Sale 13 3* June 23 63* Jan. 23* Jan. 51 May Nov. 4 4 Jan. 8 May 21 19 3* Apr. 9 83* May 24 6 %, Jan. X Dec. 21 145* Apr. 27 93* May 22 8 393* Jan. 255* May 21 5 8 1143* Dec. 1073* July 4 2 5* May 21 Apr. 4 315* Mar. 13 223* May 31 345* Mar. 21 263* May 31 Nov. 7 22 11 May 21 26 18 8 Mar. Mar. 28 80 Jan. 31 24 3* Jan. 323* Jan. Ms Jan. 30 12 Jan. Jan. Feb. Jan. 26 3 65 3* Jan. 313* Jan. Ms Jan. 6234 Jan. 53* Jan. Dec. June 65 Nov. 15 Dec. 20 Jan. Ms Nov. 15 85* 20 9 113 183* llM 263* 213* 7 Jan. 11& Jan. 38 Jan. 30 Jan. 30 Jan. 30 2 Jan. 8 29 1923* Apr. 16 May 22 11954 4 183* 163* June 115* 53* May 22 42 X May 24 1103* 90 Sept. 30 1093* 15* Ms Oct. 30 6 495* 333* Dec. 75* 4 May 22 25* X Nov. 26 6834 Jan. Ms Jan. 30 23* 283* 303* 173* 7 9 Jan. 30 Jan. 2 Jan. Jan. 22 9 Jan. Jan. Jan. Jan. 283* 263* 34 383* 30 Jan. Ill Sale % IX ix 23 12 31 155 Sale 17% 4 May 21 173* Nov. 14 Sept. 21 May 21 July Jan. 35 36 33 34 22 1113* July 22 3 Aug. 26 9 13* Feb. 8 Nov. 13 8 lb Sale Ms Sale lk 2 lk Sale 7k 8 85X 90 834 10 5X 5X Feb. 29 Sale Sale 13 Jan. Jan. 11 Jan. Jan. Jan. Jan. Jan. 13 9X 70 6534 Ms Sale 783* 3X 2X % 13* Dec. 30 173* Jan. 13 Ms Dec. 19 58 June 7 903* May 23 1083* Apr. 30 Mar. 1 98 82 May 25 2 Jan. Jan. 15 22 X 43* 10 9 4 19 6% 3X 4 Sale 137 X 29 Ms 29 3 22 64 Sale Ms Jan. 23 Jan. 6 80 Jan. 3 109 Jan. 2 101 2 223* Jan. 225* Mar. 13 7' May 10 73* Nov. 14 3 145* May 35* Apr. 15 303* Apr. 3 % Apr. 4 Nov. 19 13 May 21 20J* July 31 43* Jan. 16 4 May 21 2 11 X May 21 1434 203* 78 X Ms 30k X 61 Jan. Jan. Jan. Jan. Jan. 2 22 143* 2134 28 31k Jan. Jan. Jan. Jan. 4 Jan. 223* 63* 63* 12k 13* 1113* July 113* 263* 85 20 4 M2 Jan. 2h Sale Sale 8X 5* *X Sale Sale Prices 3X X 27 X 26 % 38 Mi 11X Sale 28 X Sale 112 X 25 h 30 Ms 26X Arkansas P & L $7 Aro H X. A 10X Sale 31 "3X Sale 16 Class 4 33 13 12 19,150 American Laund Macb com .20 93,500 American Light <fc Traecom.25 6 <7, preferred 25 5,200 7,200 American Mfg Co common. 100 Preferred 100 50 1 90,100 American Maracaibo * 10,400 American Meter Co * 2,500 Amer Pneumatic Service Arcturus Radio Tube X 33 X 30 "~X ""A 12 1st 7X 70X 28 "33~3* Sale Amer Hard Rubber Co com.50 5,475 176,400 22,500 462,100 24,950 62,000 21,500 11,600 9,000 4,500 100,800 73,200 229,429 70,500 1,570 2,000 16,500 63,700 114 X lb 3* X Corp—' 98 X 43* 1373* Sale 1133* 113X Sale 20 18 183* 183* 73* sx 6X Sale 71 71 72X 93 95 90 X 1 3* 3'2 X 38 273* 27 X Sale Sale .43* 43i 53* 1 34 IX X X Ms Ms Ms Sale 155 X Centrifugal Corp. Amer Fork & 44 6 2 $3 preferred $5.50 prior preferred Conv class A.. Sale 42" Class B 505 Amer Cyanamid com class A. 10 Common class B non-vot._10 579,600 210,000 29,900 12,250 278,212 7,325 42,800 14,6/5 1,600 12,100 165* 18 ..10c Common claas B American Sale 10c Amer Box Board Co com Amer 115 100 1 American Book Co Amer Cities Power & Lt 60 33,200 100 6% preferred.. Sale Ms 753* 1033* 9434 98H Saie t 140" Co common.. X 2 15k Sale 5H 53* 1134 136 79 X 105X 2X 3X Ms IX 3 2 15 Jan. 21 k Jan. 107 h 107 Sale Highest Sale Prices 24 79* Sale 104 100 IX IX X 'A r75 Sale 101 6 Saie 20 Sale** 77 3* 50 IX 26 20 23 X Sale 12 Highest Sale Prices Sale Prices 20 21 5X 55* Sale — 2,250 700 Sale Sale lYx 20 preferred—* . . Aluminum 22 Sale $6 preferred Allegheny Ludlum Steel— 7% preferred 100 145",025 18 Sale 63* 5X o 1,700 Alles & Fisher Inc common... 6,300 Alliance Investment common Allied Internat Investing— 1,100 $3 conv preferred 12,150 Allied Products Corp com—10 Class A 25 3,575 Altorfer Bros Co common. * 3,650 YE^R 1940 Lowest Lowest Ask 21 225* 12 X _ Ala Gt Sou RB ordinary Ala Power Co $7 223* 53* Sale 55* Sale 105* Sale 1 Class li Air Associates Inc (N J). Air Investors Inc common 50 550 1 Ask Bid Did 19 Sale 22 3* 20 X 10 common Supply Mfg class A Ainsworth RANGE FOR JANUARY Jan. 31 Jan. 2 Ask Did Par Shares Aero IN Jan. 2 1940 2,700 172,400 36,700 25,400 62,700 7,800 31,600 2,850 4,560 3,745 monthsales in Pries -1940-- 60 200 444,497,000 year. NEW YORK CURB EXCHANGE Months 1939 1940 AGGREGATE SALES In $40,250,000 $26,170,000 303,902,000 Jan. 1 to Dec. 31. 45,729,888 42,928,377 And when soiling outside of the regular ... 1939 1940 Jan. 1 to Dec. 31 1940 1941 January 3,221,766 2,548,048 January EXCHANGE Bond Sales 1940 1941 Slock Sales Dec. 3*s Oct. 3*6 Nov. 1 May 3* Mar. 3* Dec. 1 May 17 15 29 15 8 5 29 11 26 9 16 11 29 17 3 6 12 5* June 28 75 Jan. 9 17 Jar. 8 33* Feb. 6 23* Dec. 27 2 Feb. 27 Apr. 18 Jan. 26 Jan. 2 15 3* 2J* 23* 83* Apr. 1 Apr. 23 Jan. 18 113* Aug. 1 U Aifar 65* Mar. & 55* Jan. 11 99 83* Ms 3* 53* 3* Xt 23* Feb. 24 Jan. 2 Jan. 10 Jan. 3 Mar. 8 Feb. 21 Apr. 6 ;* I 65 102 3 70 ..... Sale 57 X 65 107 3 66 70 65 107 Sale 23* Sale 23* Jan. 30 33* Jan. "3 60 100 Oct. July 1h June 68 Apr. 8 1 108 Oct. 21 9 8 43* Apr. 16 42 NEW YORK CURB EXCHANGE AGGREGATE SALES PRICES IN In January NEW YORK CURB EXCHANGE 112 Months 1940 .1940 Shares 8,760 13,300 291,500 15,900 31,300 22,100 STOCKS (Continued) Atlantic Coast Line Co Atlantic Rayon Corp Par Bid 3 V* 6% preferred ex-warr $1.50 4% 17 14 V* 21 V* 33 V* Sale 26 V* Sale Sale 5% 6V* % k IV* Sale 10 10 k 6 V* Sale 34 25 25 conv preferred— 20 23 25 30 20 21 25 28 5 .10 ..20 4,533 Bell Telep Co of Canada—100 1,550 Bell Telep of Pa 6 V* % pref. 100 1,050 Benson & Hedges common * Convertible preferred * 50,700 Berkey & Gay Furniture Co._l Purchase warrants 20,900 * 5,550 Bickford's Inc common 2,625 $2.50 preferred * 7,200 Birdsboro Steel Fdy & Mach_* 7 5* 73 13 4 35 V* 7 V* 7% Sale 6 h 7 X X V* k x 1 .1 34 27V* Sale --30 common % Sale 41* 125* 5V* 4V* 15 4 V* 7X Sale 6 V* Sale 245* 20 7 54 1225* 37 X 45 Sale 40 Sale " IV. 3 V* 13 4 16 V* 16V* 6 15 IV* 3V* 4% 17 V* Jan. Jan. Jan. 16 7 8 Jan. Jan. Sale V* Jan. 9 31 8 4 5* Jan. 35 Jan. 3 V* Jan. 21 14V* 5* 2% 33 V* V* Jan. 3 V* Jan. 33 V* Jan. 3V* Jan. 36 4V* Sale 3 09^ Blauner's 6% * common 327,600 Bliss (E W) & Co 13% 1 common... Corp common...1 $3 optional conv preferred.* Blumenthal (S) & Co com * Bohack (H C) Co common—.* 7% 1st preferred —100 Borne Scrymser Co 25 Bourjois Inc. * I Bowman * 1 25 Bridgeport Gas Light Co 68,900 Bridgeport Machine com— Preferred * * . -100 32,400 Brill Corp class A Class B 15,100 26,900 7% preferred Brillo Mfg Co common 3,200 * * - 100 * Class A 420 Oil 18 V* May 21 30V* Oct. 36 2 4 23 4 5V* Jan. 6 31 Jan. 23 Vie Jan. 20 Jan. 30 9V* Jan. 6V* Jan. 29 1 Jan. 4V* Jan. 12V* Jan. 2 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 20 25 Jan. 4 16 13 Jan. 2 Jan. 30 Jan. 8 15 10 20 2 16 V* Jan Jan. 7k 16 Jan. 6 24V* Jan. 5V* Jan. 2 20 Jan. Jan. 3 107 Jan. 31 117V* Jan. 28 15 27V* Jan. 29 Jan. 17 6 34 Vie Jan. • 16 £1 dep rets ord reg British Celanese Ltd— V* 4 V* 754 Sale 7 10 V* 35V* 33 37 V* Sale 55 3 550 British Col Pow class A 8 Jan. 10 V* Jan. 27 183 183 IX - 27 4 V* Distillers--.-1 74.000 Brown Rubber Co 10,100 Bruce (E L) Co -- 1% * . IV* Sale 2 common - "4 5 — 100 Bruck Silk Mills Ltd., * 11,850 Buckeye Pipe Line 50 80,650 Buff Niag & East Pow pref_25 $5 1st preferred... * 15,150 81,600 Bunker Hill & Sullivan—2.50 4,600 Burma Corp Amer dep rets— 12V*c 13,400 Burry Biscuit Corp ... 10V* 4 X 2 V* 28 Sale Sale 39 19 13 V* Sale" 2% IX 5.800 Cable Elec Products com—50c Voting trust ctfs 50c Gables & Wireless— * 100 Canada Cement Co Ltd 1,675 Canadian Car & Fdy 7 % pref 25 194,900 Canadian Colonial Airways—1 Canadian Dredge & Dock Co.* ~3~, 500 100 Can Indus Alcohol class A—* B * non-voting 101,600 Canadian Marconi Co 3,500 Capital City Products 35,800 Carib Syndicate com 1 _ * 25c — 1,100 Carman & Co conv A stock--* Class B * 5,800 * 16,700 Carnation Co common Carolina Pow & Light $7 pref.* 2,680 $6 preferred * 620 150,200 4,100 10,200 1,200 65,428 Carrier Corp common Carter (J W) Co common., Casco Products Castle (AM) & Co Catalin Corp or America Celanese Corp of America— 1 1 * 10 1 7% 1st partic preferred—100 25,125 15 18,700 Celluloid Corp common 1st 2,630 preferred part * $7 dividend preferred * 6,750 Cent Hudson Gas & Elec com.* 21,700 200 Cent Maine Pow 7% pref. .100 100 14,015 Cent N Y Pow 5% pref 13,500 Cent Ohio Steel Prod For footnotes see page 53. .1 13 13 10 9 V* V* Sale 35 V* 4 V* 5 V* 32 IX . 654 22 V* Sale 2V* 2 V* 3 V* 3V* V* Sale 1% Sale 22 V* 5 38 X 100 V* 3 5* 21 14V* §7 8 5* 14V* "97 5* Sale 133 4 V* 95 40 1V* Jan. 2 V* 2 V* V* 42 12V* 2 Jan. 2 Jan. 24 6 30 Jan. 3 31 38 V* Jan. 11 V* Jan. 18 30 Vie Jan. 50V* Jan. 11V* Jan. 30 V* Jan. 31 31 12 V* V* Jan. 10 Sale 7 V* 7 V* 11 V* Jan. 7 11V* Jan, 7 8 5* Jan. 7 5* Jan. 27 8V* Jan. 85* Jan. 20 12 8V* 1 14 V* Jan. 18 14 16 IV* 15V* Jan. 2 V* 9 2 7 29| 2 28 32 Jan. 29 8V* Jan. 7 IV* Jan. 8 V* Apr. 17 15* May May IV* Dec. V* Dec. 20 May 10 X May 30 May 6 29 2 30 11 9 7 7 Dec. 19 185* Feb. 5 o\V* 30 May IV* Jan. 10 V* Jan. 16 13 30 11;H 14V* 24 Sale Sale Sale 7 V* 9 21V* Sale Sale 5% 98 43 V* &*■ 3 16 4 Jan. 12 19 V* Sale 3 5* Jan. 15V* Jan. 29 6 Jan. 15 IV* Jan. IV* Jan. 7 3V* Jan. 18V* Jan. 29 27 IV* 1% IV* IV* Vie Sale 8 V* 8 V* IV* Sale 20 9 65* 7 V* 18 V* 2 V* 132 4 V* 94 Jan. 30 5 Jan. 6 13 IV* IV* V* 8V* % Jan. 2 Jan. 11 Jan. Jan. Jan. 6 9 7 Jan. 2 Jan. IV* Jan. 6 2 IV* % 8V* IV* Jan. 11 Jan. Jan. 30 Jan. 13 Jan. Jan. 28 9 24 5 V* 8 35 V* 36 111 112 109 4 13 110 Sale 7X 9 21V* Sale Sale 5% 98V-4 41V* 10 Jan. 28 Jan. 27 110 V* Jan-. 109 Jan. 9 7 39 111V* Jan. 3 22 23 109V* Jan. 2 6 Jan. 30 6V* Jan. 7V* Jan. 30 9 10V* Jan. 6V* Jan. 8 Jan. 21 9 13 129 Jan. 4V* Jan. 96 31 3 V* Jan. 4 134 3 Jan. 9 Jan. 30 Jan. 21 Jan. 5V* Jan. 99 15 8 15 43V* Jan. 13V* Jan. 20 Jan. 95 Jan. 20 Jan. 9 Jan. 29 6 4 7 23 Jan. 9 14V* Jan 2 V* Jan. IV* Jan. 12 1V* Apr. 3 1 3 V* Apr. 25 185* Mar, 29 2 Apr. 15 Oct. 5 V* ^pr. 22 Jan. 11 3 * 20 June 17 25* Jan. Dec. May May Dec. 23 20 23 16 1V* IV* 9V* IV* 45* May May 975* May 86 May 55* May 24 May 15 6 Tune 25 7X 29 15 40 V* 27 zll2 22 109 5 V* May 21 10 3 115* Apr. 16 1 27 5 5 Mar. 12 IV* V* 6 V* Vie 15* May 24 Jan. 13 225* Jan. IV* Feb. 2 17 May 28 5V* Apr. 3 9,1* July 30 4V* Dec. 23 15 2J* Jan. Feb. 108 18 V* May 28 7 36 26 3V* Dec. 23 Dec. 24 Dec. Jan. 11 43 V* Sept. 10 11 24 7 38 % Dec. Vie Dec. June 1 1 May 17 4 45* Jan. June Jan. ,g IV* Mar. 22 2 V* May IV* Dec. 55* July 3 V* Dec. % V* IV* 11V* IV* 6 V* Apr. 25 31 V* V* 3 14 27 Jan. % V* 1 7 Feb. Jan. 14 1V* May 55 V* Dec. May 5 V* Feb. 12?* Jan. V* Jan. 3 5 4 V* Oct. 36 16 15 16 May 90 V* May 9 May Vie Jan. 1 15 5*e 17 V* Jan. 21 20 6 10 1 Apr. 3 9 30 29 24 36 49 Feb. 19V* Jan. Sale 5* Feb. 15 Feb. 13 Feb. 9 Apr. 8 Nov. 26 Mar. 28 8V* 15* 8V* 85* 175* 5 99 1 Mar. 26 Mar. 28 3 Dec. 12 Apr. IV* Jan. July May IV* Dec. V* Jan. 29 16V* Jan. 2V* Jan. Jan. 2 V* 31V* 48 V* 75* 4 1 Feb. 28 2 8 Apr. Nov. 20 V* 20 7V* Dec. 30 6V* Dec. 30 17 3 15* Jan. 9 5 24 14 4 May 10 Apr. 40 V* Jan. 18V* Jan. Jan. 17 31 96V* Jan. 11 V* Jan. V* Jan. 16 Apr. Mar. 26 May 22 10 38 12V* Feb. 27 Mar. Sale Sale 12 22 34 Sale Jan. Jan. 22 14 11 19 28 24 17 29 39V* 41 13% 12V* 13 13 110 112V* 105 111 V* 93 V* Sale 93 V* Sale x92 85* 9V* 8k 9V* 8V* 13V* 30 34 18 V* 98 V* 7 3% 3 4 38 39 Sale Sale 72 IV* Jan. 9 10 6 Sale 107 V* Nov. 28 25* June 26 3 V* May 15 8 May 28 V* Aug. 21 27 20 2 V* 2 6 Mar. 16 45 V* Sept. 25 13 17 36 IV 4 Jan. Jan. 37 19 V* 3 V* 30 5V* Apr. 15 15 6 Jan. Jan. Jan, Jan. V* 5.1* 7V* 11V* IV* Jan. 11V* Jan. 245* b V* Sale 3 31 5 9 22 V* 4 V* May 22 30 13 Sale IV* % 8 V* V* 20 17 6 6 Jan. 8V* Nov. 12 June 21 Sale 9V* 6 V* 7% 2 Jan. Jan. Jan. Jan. Jan. Jan. 6 h! V* Dec. 26 33 V* June 5 3 k May 22 1V* June 26 16 V* May 21 3 24 5 Sale Jan. V* 4 V* 5 V* 9 V* 25 25 40 May May Aug. Jan. 5 13 V* 7 X 10 x 3 Oct. 25 Dec. 12 Apr. 2 46V* Apr. 5 Apr. 19 June 1 V* Jan. 3 IV* IV* V* 8 V* % 15 May 10 Apr. 3 Apr. 1 Nov. 12 Mar. 13 43 V* Jan. 24 June 11 V* Jan. 23 13V* 5*e Jan. 2 136 Vie Dec. l64 Sept. iov* July 28 85* 7V* V* IV* 11V* 7V* 125 May 3ra i!H 2 Dec. 30 9 85* Feb. 32 V* Apr. 15 9 8V* Feb. Anr. Sale 11V* IX 10 v* 2 111V* 109 V* 254 114 23 30 IV* 39 7 V* 11 35* May July 3 May 88 • July 10 V* Sale Sale Sale 92V* 3V* Nov. 20 12 V* Feb. 21 IV* 8 V* 9 Mar. 6 May 22 3 V* May 23 1 Mar. 21 21 Jan. 4 20 Jan. 3 3 V* May 17 10 v* 3 V* 41 20 IV* Sale 5V* Jan. 36 IV* IV* V* 10 v* IV* [7% Sale 20 V* :>* 15 Sale 7 V* Sale X 4 V* V* Sale Sale Sale V* Jan. k Vis 3 k X 6 V* V* Am dep rects 5 V* % pref__£l 1,000 8,400 Calamba Sugar Estate Co—20 1 107,200 Callite Tungsten Corp Camden Fire Ins Assn 5 140 Jan. Sale Sale % 1 Vis Vis 10,400 2 14 27 97 V* 11 J* 2% IX 9 30 38V* Jan. 6V* Jan. 32 22 20 Jan. Jan. 12 U V* 10 % Jan. 38V* Jan. 7V* Jan. 7 Jan. 11 IV* 11V* Vii Jan. 37V* Jan. 10 37 .iiv* IV* '4 25 31 28 20V* Jan. 38 6 V* X 1 15V* 20 15 V* Sale 2 2 V* 7 V* 8 V* Sale 3l 6 28 Vie 39 V* 11V* 205* 16V* Jan. 3 IV* IV* % Sale 115* 35 Sale 18 27 13V* Jan. 38V* Jan. 8 5* Jan. 7 23 30 V* 50 V* 11V* 11 35 X 6 V* 34 Sale 2 13 V* Jan. 38V* Jan. 7V* Jan. 27 7% 6 V* 3 1V* 29 % 12V* 13 V* 40 8 4 V* Sale 37 10V* 12 * 31,500 {Brown Co 6% preferred -100 16,400 Brown Fence & Wire com— 1 Class A preferred— 3,600 * 2 X IV* 30 3 V* 17 V* 30 V* 2% 1% 28 X 10s dep rets ord reg 21,600 Brown Forman $6 preferred 120 3 * British Amer Tobacco Ltd— Amer dep rets ord bear..£1 2,400 Amer 3,179 Am 8X 1% 11% Sale 49 May 21 May 21 May 23 July 8 6 Jan. 32 Vie V* 37 V* Sale 6V* 7 40 V* Co— Registered 2,700 Sale ^ - British-American 9,800 Sale 1% 6 --1 4 V* Sale 8 V* 6% IX -* 85* 7 5 100 11 030' 2d preferred 116,200 Brazilian Tr Lt & Pr ord 119,800 Breeze Corp 709,800 Brewster Aeronautical. 550 37 5* IV* 23 3554 55* 27 --* 7% 1st preferred 3,900, \X 5% 3% 30 28 V* Biltmore Hotels— Common 15,600 5% 2% 26 5* 12 k 38 V* 7 X % Sale 40 V* 40 13 40 2 35* Apr. 30 18 .35 1254 Jan. 10 27 Sale 10 V* Apr. 15 14 28 3854 .75* 3 V* 18V* 38V* 7 h IX 53 . "14X "l4h Blue Ridge 54,100 17,500 22,400 4,800 3,230 18,200 12,700 14V* Dec. 30 Jan. 19 Sept. 11 1 H Feb. 4 31V* Jan. — 38 18 36V* 7V* 65* V* IV* 10V* 7 V* 6V* Sale 6V* 21 21V* Sale 4 4% Sale 103 V* 105 V* 101 V* 111V* Sale 111V* ;% Jan. 12 July 3 Aug. 28 31 25 5 9 Mar. 14 30 Jan. 5 14V* 32 20 26V* Jan. 28 27 IV* Dec. 30 6 V* Feb. 75* Mar. 28 35 Sale 6 V* V* Sale 10 6 V* 3% V* 19 V* May 9 3 V* Nov. 20 3 Dec. 23 3 V* May 22 13 Nov. 7 Jan. Sale Sale Prices 23 V* Jan. 4 6 Feb. 15 2 V* Mar. 19 5 V* Nov. 30 V* Dec. 23 2 May 21 11V* May 22 IV* Sept. 6 V* June 11 Jan. 3 V* Jan. 3 31 Jan. Jan. 17 4 ~ Sale 16 Highest Sale Prices 12 June 5 3 V* Dec 23 28 30 12 101V* Sale 120 117 27 30 34 36 V* 5*6 Vis 144"" 4 5 Sale 4 V* IV* 9 V* 65* 16 Sale Sale 2 2V* Jan. 1X Jan. 3 X Jan. Sale 34 V* 5 V* 5 V* 5V* 3 V* 14 V* 3 Jan. 15 Sale 4 2 2 29 Lowest 19V* Jan. 3V* Jan. % Jan. 6V* Jan. Sale 15V* 15 V* V* 3k 33% 3 k Jan. 3V* Jan. V* Jan.' 5V* Jan. Sale IX 3 V* 16 4^ 17 3 V* 55* 19 Sale Prices Sale 15 k 3 2% 1% 3H 5% 3 X 90,900 Bellanca Aircraft common—.1 585 6V* a 207,300 Beech Aircraft Corp com 1 317,000 Bell Aircraft Corp comm.on_.-l - g 6 18 14V* 16 V* IX IX 35* Sale 51X Sale 5,900 Barlow & Seelig Mfg conv A_-5 20,100 Basic Dolomite Inc common. .1 800 Baumann (L) & Co com. 520 7 % 1st preferred 100 450 7% 1st pref vot tr ctfs—100 7,300 Beau Brummell Ties Inc— 1 340 2 V* 1 3 V* Locomotive— 2,000 Beaunit Mills Inc V* 52* W §* 6 158,220 Babcock & Wilcox Co Stainless Steel 3 V* Highest Sale Prices 19 18 Sale Sale * 16 25 Sale 15% ix. 9,800 Purchase warrants.. 552,900 Aviation & Transport Corp..! 4,970 Axton Fisher Tob class A—10 4,900 Ayrshire Patoka Collieries --1 43,600 7% preferred 333,900 Purch warr for common 11,200 Baldwin Rubber Co com 8,200 Bardstown Distillery Inc RANGE FOR YEAR 1940 Lowest Ask Sale Sale6 15V* - Jan. 31 Ask Bid 3 V* % % 5 * Auburn Central Mfg Corp—♦ 15,600 Automatic Products Corp 29,600 Auto Voting Machine com—* 7,700 Avery (B F) Sons Co 5 1,650 6% preferred with warr—25 125,900 Barium Bid Ask 17 1 — Baldwin Jan. 2 50 Atlas Corp warrants.... Atlas Drop Forge Co com Atlas Plywood Corp. 975 JANUARY Price Jan. 2 22 Dec. 23 Apr. 8 Jan. 3 Jan. 2 Feb. 9 1 May Apr. 11 Dec. 12 Dec. 16 155* Jan. 3 7 V* Apr. 29 12 Feb. 8 23 Nov. 8 3 V* Nov. 12 98 May 24 134 V* Dec. 13 4 25* June 65* Nov. 15 69 V* Jan. 19 103 Dec. 5 49 Dec. 205* Jan. 12 V* Nov. 26 17 V* Feb. 3 112 Dec 106?* Jan. 87V* Nov. 25 105 V* Apr. 6V* May 21 105* Apr. 3 AGGREGATE NEW YORK In Price CURB EXCHANGE Months »12 Jan. 2 1940 Shares Shares STOCKS (Continued) Par 3,505 Cent Pow & Light 7% pref_100 109 Central & Southwest Utilities— A Common 50c 59,300 K 3* Sale 205,900 Central States Elec common--1 73* 9 6,925 7% preferred 100 214 3H 13,275 6% preferred 100 Conv preferred 23* 3 J* 2,375 —100 Conv pref opt ser 1929--100 25* 3 3,025 50 1,000 5,200 1,525 75 Weather Chamberlin Metal 1,300 5,300 3,025 I,775 6,750 18,350 8,300 19,200 14,850 225 250 250 1,900 700 300 1,050 14,200 300 100 50 20 700 700 750 2,700 300 25 J10 " Sale" 72 Sale 10 K Ohilds Co 100 """266 1,400 1,480 11,700 200 500 200 440 3,300 400 1,000 * 10 620 300 300 2,300 275 200 "2,700 """60 100 2,300 1 Conn Gas <fc Coke Security— Common. 1 100 100 43*% series B pref 4% pref series C Consol Gas Util com , 17.000 450 3,100 30 810 .. 100 18,400 50 390 400 6,600 3,400 21,300 II,500 12,200 17,900 600 900 1,000 2,600 500 600 117 1 * aVA Sale 97 34 73* 10 934 5 iB 72 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 434 53* 1434 9 11034 3 7334 11 20 17 Jan. 16 Jan. 30 Sale • 1A 1 735* Sale Sale 954 Jan. 6 Jan. 24 53* Jan. 693* Jan. 63* Jan. 20 Jan. 25 70 Jan. 11 953* 973* 63* 53* 163* 34 534 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 97 9 31 1003* Jan. 4 63* Jan. 17 53* Jan. 2 373* 53* 234 234 Jan. Jan. Jan. Jan. 43* Jan. .31 Jan. 24 4 2 13 Jan. 9 3* Jan. 53* Jan. 20 Jan. 10 30 53* Jan. 234 Jan. 234 Jan. 28 7 4 17 21 16 41 17 30 30 6 2 May May May 2 May 334 Sept. 6 5* May 1 29 8 Jan. 29 34 Jan. 29 1 Jan. 7 33* Jan. 31 3 3* 31 434 Jan. 823* Jan. 9 6 59 58 Sale 5634 Jan. 13* Jan. 8 3 603* Jan. 13* Jan. 10 20 '64 Jan. 3 13* Jan. 30 A K 13 A Sale 13* 13* Sale A 134 Jan. 15 3* 34 Jan. 133* 133* Jan. 213* 34 13 20 22 35 38 13* IK IK 2 IK IK 6634 7034 Sale 11834 118A 119 1095* 110 A 1103* 13* IK IK 243* 2334 Sale 23* Sale 134 Jan. 134 Jan. 6534 Jan. Sale 118 Sale 1093* Jan. 13* Sale Jan. 13* Jan. 2334 Jan. 33* 334 Sale 3K 105 100 10434 104 134 134 13* 1A 63* Sale 63* 7K Sale 2 11K 10 Sale 36 % 1 70 67 13* K 53* 834 7 3 9 38 34 K K 11 43* 43* % K 134 Sale 743* 753* 3* 34 5 63* 7 13* Jan. 2534 Jan. 13 25 33* Jan. 23 104 Jan. 23 18 13* Jan. 83* Jan. 3* Dec. 24 18 Jap. Jan. Jan. Jan. 14 30 11 Jan. 3 3534 Jan. 43* Jan. % Jan. 29 37 Jan. 7 6 28 1 Jan. 3 53* Jan. 34 Jan. 13* Jan. 70 Jan. 6 3* Jan. 534 Jan. 30 30 30 30 9 21 10 3 2 8 Feb. 2 120 May 27 3* Jan. 4 May 24 7 May 15 4 63* May May 35* May 3* May 3* Dec. 55 May K Dec. 6 Dec. 23 22 22 21 16 26 29 20 4 98 5 22 34 53* Crowley Milner & Co com Crown Cent Petrol (Md). Crown Cork Internat cl A IK 5 * 25c 25 * iB IK 2834 73* 1 4K Mfg Co 6 % preferred ww Detroit Gray Iron Fdry 2 8 4 Sale 4K 334 1 20 com..l Detroit Mich Stove Co 1 t Detroit Paper Products 1 Detroit Steel Products.. —10 De Vilbiss Co common 10 100 7% preferred —10 300 Diamond Shoe Corp com * 825 Distilled Liquors Corp....2.50 2,600 2234 3* 13* 434 1 6 Sale Sale 10 434 30 Sale 27 Sale 50 20 Sale 33* 13* 53* 23* 13* 22 Sale 36 42 101 99 934 173* 13* 134 A 21 26 IK IK 103* 113* 13* 2 33* Jan. 33* Sale 183* 193* 28 103* Sale 163* 17 IK Sale IK IK 1 IK 21 22 21 7r° 2934 Sale 28 Jan. 6 34 Jan. 16 23* Jan. "3 434 Jan. 21 115* Aug. 26 3 3! May 14 3* Jan. 4 13* Dec. 9 134 Jan. 25 33* July 17 10 13* Jan. 2234 Jan. 3i Jan. 20 Jan. 16 4 18 134 1 534 33* Sale Sale 101 13* 33 40 29 1034 183* 93* 103* 1734 Sale 13* Sale 13* 23* 34 3' 193* Sale 253* 2834 1034 1134 12 34 1 23* 13* 23* 13* 2 A Sale 2834 113* 12 23* % May 24 Jan. 26 3* Dec. 4 4 Sale 11 1 9 Jan. 6 6 Nov. 29 5 July Jan. 10817»2Jan. 17 2 134 Jan. 2 33 3* Nov. 3 18 63* Nov. 9 1154 May 1 13* 773* 23* 1334 Nov. 12 15 16 Apr. 8 Apr. 9 Feb Feb 434 Jan. 7 12 Jan. 11 22 6 2834 634 33* IK Jan. Jan. Jan. Jan. 4 43 Jan. 29 14 15 101 Jan. Jan. 15 22 303* Jan. 4 843* Feb. 54 Dec. 29 Sept. 35 Jan. 101 Jan. Jan. 22 303* Jan. 4 934 Jan. 173* Jan. 13* Jan. 134 Jan. 34 Jan. 193* Jan. 20 10 Jan. 17 14 18 I 2 10 27 7 17 31 1 3 15 20 Jan. 20 11 25 Jan. 2 21 x 6 9 123* Jan. 23 Feb. 15 May 23 Oct. 30 Feb. 5 Apr. 23 73* 1534 3* 13* 34 123* 2154 32 8 12 Jan. 3 Apr. 9 13* Feb. 23 Nov. 7 33 103 Oct. 2 Jan. 4 3 373* May 29 15 15 15 23 12 34 Nbv. 14 Nov. 25 Nov. 9 Nov. 14 24 28 1834 13* 25* 154 23 Nov. 12 28 Apr. 22 Apr. 16 Nov. 29 13* June Feb 9 14 5 16 5 Feb. May May May Feb. Dec. May Sept. Feb. 195* Jan A May arlO 113* Jan. 13* 223* 5* 83* 10 34 254 19 June 3 18 13* Jan. 234 Jan. 3* Jan. 3 3 65* Dec. 20 5* Apr. 2 13* Apr. 4 4 May 1 83* Feb. 15 45* Jan. 23* May July 83* May 21 May 43* May 16 Jan. Jan. Jan. Jan. Jan. 754 Jan. 24 34 May 108 30 103* 2634 53* 23* 134 8 Dec. 19 Jan. 3 Feb. 26 May 11 112 154 Nov. 16 154 Nov. 16 8 Oct. 16 634 Aug. 26 1 1 10 Sale 1 53* Jan. 13* 10817ji1083* 1083* Jan. 134 Jan. 13* 134 8 103* 53* 2 Sale 134 434 Jan. 16 1134 53* 15341 Jan. 17 13* Jan. "30 20 18 3 2 22 Jan. 32 40 13* 2234 Sale Sale 133* Jan. 53* Jan. 3* Jan. Jan. 213* A 100 IK Sale Dec. 20 2 13* 2 5 6 3K 53* A Sale 4K Sale 5 50 100 * * Sale 53* 134 1083* 134 73* 434 14 1 43* 1 1334 53* K 2 4 '2K —35 1 preferred 2 Sale 2K 3* 17 K 19 Dejay Stores Inc common Dennison Mfg Co class A $6 prior preferred 8% debenture stock Derby Oil & Ref com— Sale 22 5 * 1 Daroy Petrol Corp Davenport Hosiery Dayton Rubber Mfg Sale 14 534 3* 13* Sale — * Sale Sale 2 4 3* Dec. 6 95* Nov. 8 1154 Dec. 27 £1 _ 6 11254 Nov. 16 6 234 May 5 393* Jan. Sept. 84 14 Jan. Feb. 15* Oct. 334 Feb 835* Apr. 4 Dec. 11 Nov. 28 May 22 105 154 Jan. 4 134 Oct. 19 8 Dec. 28 334 May 15 4 J* Jan. 63* Jan. 75 15 Dec. 23 1 34 May 21 10 10 Feb. 4 75 6 30 45* 13* Jan. 18 June 9 Jan. 10 Jan. 9 154 Dec. 17 3834 Apr. 25 5* Apr. 5 6 1134 Jan. A Jan. 7 3 2134 June 10 108 9334 A 834 1134 A 7A 113* 21 24 2 9434 5»i Oct. 31 30 7 11 9 11934 Jan. 8 1103* Jan. 21 25 Jan. 9234 3* Dec. 10 Jan. 234 Jan. Jan. Jan. Sale A 8K 12 A 21 Jan. 2 6 Jan. 8 7034 Feb. 23* Jan. 103* Sept. 13 9 Jan. 913* K 7 12 34 Dec. 423* Apr. 3* Aug. IK May 653* Dec. Ill May 13* 89 May 23 10 26 10 16 Dec. 29 133* Jan. 3 34 9 23* Jan. 45* Jan. 73* May 88 May 13* Jan. 6 23 2 26 83* Jan. June i#* 29 24 Feb. 6 1 A Jan. 30 134 Jan. 13 73 Feb. 19 Feb. 28 Nov. 14 May 9 51 2434 Jan. 34 Jan. 31 Mar. 4834 75* 254 35* 22 15 22 23 5 21 334 Dec. 21 May 28 38 Sale 813* Nov. 28 28 18 19 19 18 1153* Mar. 754 Nov. Apr. 22 4 173* Dec. 54 Mar. 9 Oct. 24 6 .67 34 ----- Oct. 110 34 May 28 Jan. Oct. 85 8 34 May 33* Mar. 6 6 2 634 May Jan. May 43* May 45 May 75 May 85 May 43* May 53* Nov. 12 May 7 10 Apr. 6 2954 Mar. 20 49 Jan. 8 1 434 Sale 7 11 Oct. 11 6 73 Sale 24 Sale May June May A June 7 Aug. 55 34 Jan. 10 June 95 Jan. 10 4 34 May 4 73* Mar. 8 133* Dec. 30 117 Apr. 4 83 Apr. 4 23* July 4K Sept. 10 Sale 2 50 8rocker Wheeler ElecCo.roft (The) Brewing Mfg—* 1 Detroit Gasket & 30 3 4 3 4 3 3 Jan. Jan. Jan. Jan. 2 34 Jan. 2 34 Jan. 11 3* Dec. 16 3* May 14 % Dec. 11 73 32 95 IK dep rets for ord stk reg. conv 10 99 K 1 Creole Petroleum com A 3K Sale 1173* Sale 63* 9 35 2K 813* Jan. Dec. 2 Sale Sale 4 K 3K 33,100 7% conv preferred 1,100 Crystal Oil Ref Corp com 1,100 $6 preferred --10 350 Cuban Atlantic Sugar Co 5 28,300 Cuban Tobacco common * 2,900 Cuneo Press 63*% pref 100 3,280 Curtis Lighting Inc com—2.50 100 Curtis Mfg Co (Mo) 5 1,100 3,100 34 334 33* 'A 98 Sale 634 634 383* Sale 534 53* 23* 23* 23* 23* 234 43* 1 434 A IK Sale 34 534 24 56 53* 17 16 K 3A *#4 Sale 953* 973* 63* 53* 6 Jan. Jan. Jan. Nov. 27 K 34 834 23* 4 '12 Dec. 20 10 9 21 Sale Prices 3* Dec. 62 Sale 60 54 20 Jan. Jan. 6 25 A Jan Jan. Jan. Jan. 234 Jan. A Jan. 9*' 59 53* 7 Sale 34 43* 57 93-6 *21 15* A 1* A 2A K IK K 3* A 23* 3* Highest ! 953* May 28 118 9 9 1163* Jan. 20 3* Jan. Sale 2K 8 IK 3K Class A conv 4134 534 2K 3 4A OA 25* 234 IK 100 Decca Records common 40 K 57 com—1 Crown Drug common 900 240 9,800 Am OA 53* Sale 16 17 A A Sale 4A 6 6 Sale Sale 3754 Cooper Bessemer Corp com—* $3 prior preferred * Copper Range Co * Cornucopia Gold Mines..—5c 1,600 207,500 80,800 50,300 2,400 26,900 12,900 100 Sale 365* 58,300 5,400 41,550 18,300 Corroon & Reynolds 17,800 $6 preferred A 2,170 Cosden Petroleum com 82,200 5% conv preferred 11,600 96 23* "\K preferred 66 A 93 6 64 13* 34 «8 Sale Sale 634 Sale 95A 434 09 A 803* 1 Ltd—-_5 Cons Retail Stores Inc lzi a Sale * 1 Con Gas EL&P Bait com...* Consol Min & Smelt 2 454 734 Lowest Sale Prices 4 4 3* 3k 4K 3K 5 53* 534 534 53* 13 A Sale 133* 133* 14 3* 108 34 1093* 109 107K 109 72 Sale 68 09 A Sale 9 9K 9 10 Sale A A ,34 9 Sale 834 * $3 preferred Conn Telep & Elec Corp Consolidated Biscuit Co Sale 234 Sale K A K A K K 83 17 3* 7% prior preferred -.100 4,670 Continental Oil of Mexico 1 8,000 Cont Roll & Steel com 1 53,800 Cook Paint & Varnish Co * 5,800 16,900 2,650 23,250 3,140 81,400 6,100 T.366 154 434 6K Highest Sale Prices 1163* Jan. K K K 3A "SH "16" — Courtaulds Ltd """766 433* Sale 5% Sale 2 25* 3 Sale Consol Royalty Oil 10 10,400 Consol Steel Corp common—* 84,100 Continental Gas & Electric— 700 8,000 16,600 3,500 4,900 3$3 Co Ltd. Is V t c ext to 1946 8% Sale 1 Cleveland Tractor com 260 89 Sale 554 * Cleveland Elec Ilium com 20,200 20 60 93 34 tax* 1 Clayton & Lambert Mfg Co-.4 39,400 14,000 46,200 3,130 1,160 76,100 16,300 0,500 900 55* Claude Neon Lights com 50 280 54 84 pref___* $7 preferred City Auto Stamping Co City & Suburban Homes Clark Controller Co. 100 7,180 Sale 58 6 * Cities Serv Pr & Lt $6 13,900 22,900 1,800 2,900 57 54 314,025 Commonwealths Distribut— 8,900 Community Public Service— Common 25 21,200 1 8,100 Community Water Serv Compo Shoe Machinery— 2,500 300 43* * W arr ants 34,300 3,400 1,950 10 6% convertible preferred £1 4,000 100,300 Colorado Fuel & Iron warr 31,930 Colt's Patent Fire Arms Mfg 25 Columbia Gas & Elec Corp— 5% preferred 100 8,475 1 161,100 Columbia Oil & Gas com Commonwealth & Sou Corp— 2,100 700 Sale $6 preferred 60c preferred B $6 preferred BB 28,900 Colon Development "4",800 9,100 93* 34 23 >4 100 preferred Cities Service common 15,550 80,200 7,700 20,300 2,700 434 7 34 Chicago Flexible Shaft Co—5 Chicago Rivet & Machine 4 Chief Consol Mining Co 1 Chesebrough Mfg ♦ * Clinchfield Coal com 100 Club Aluminum Utensil com.* * 500 Cockshutt Plow Co Ltd * 4,200 Cohn & Rosenberger com 1,000 2,900 50 634 5 Oherry-Burrell Corp com 329,300 157,270 15,800 2,760 3,670 3,190 35,700 3,700 3,000 52,000 2,600 5,200 4 -5 10 Strip Co Charis Corp common 115A 117 1153* 120 132 Lowest Sale Prices Ask Ask Bid Bid a 000 3,100 Ask 110 Bid Jan. 31 Jan. 2 1940 January RANGE FOR YEAR 1940 IN JANUARY PRICES SALES 43 EXCHANGE IORK CURB NEW FEB., 1941] 8 Apr. 10 1 103* Nov. 30 1534 Sept. 20 1 3* Apr. 25 Distillers Co Ltd— 200 2,600 400 "266 Am dep rets ord reg. Divco-Twin Truck Co com £1 1 53,900 Dobeckmun Co common 1 4,400 Dominion Bridge Co _* 50 Dominion Steel & Coal B —25 10,600 Dominion Tar & Chemical * 12 K 8 4K 14 K Sale 5 16 11K 12 K 100 10 20 5 3* % preferred 1,600 Draper Corp For footnotes see page 100 * 33* 63* 334 534 234 13 7 43* 20 634 33* 4 1234 53* 2 50 76"" "77" 60 45 75 79 73 53. 53* 53* / 13 63* 534 20 6 43* 13 53* Jan. 43* Jan. 25 17 63* Jan. 53* Jan. 3 27 53* Jan. 18 6 Jan. 16 Jan. 18 76 Jan. 18 5 34 67 --- 78 76 13 3* Jan. Mar. June 10 334 Dec. 2534 May 2 4 June 10 5 34 Mar 6 Mar. 29 565* June 12 93* 73* 2534 12 34 554 9 Apr. 25 Apr. 5 May 2 Jan. 3 Mar. 6 67 78 Jan. Mar. 29 11 u NEW YORK CURB EXCHANGE AGGREGATE SALES PRICES NEW In 12 Months January Shares YORK Jan. 2 1940 10 1,500 425 125 900 300 200 2,600 400, 64,8001 8,600 1,600 250 29 - 1,700 2,675 Bid (Continued) 6,375 D uke Power Co -100 6,000 Durham Hosiery cl B com_— * 32,100 Duro-Test Corp common 1 19,800 Duval Texas Sulphur * 10",600 10,350 Par 4,104 Driver Harris Co common—10 170 .7% preferred100 46,800 Dubilier Condenser Corp 1 350 10,200 5,300 STOCKS 126,500 56,700 71,320 35,970 2,250 25,600 13,250 17,100 27,300 2,859 1,762,000 162,625 50,600 14,350 200 Eagle Picher Lead Co.. - -10 5 $6 preferred * $5 preferred— Electric Power & Lt 2d pf A..* 2,800 425 310 7° :""900 10,200 5,900 4,200 450 1,100 2,800 15,000 88,400 Fairchild Aviation com --1 653,200 Fairchild Engine & Airplane—1 900 8,200jFalstaff 1,250 5,000 1,400 Brewing 1 17,970 Fanny Farmer Candy com 1 77,200 Fansteel Metallurgical Corp..* 14,200 Fedders Mfg Co common._._5 70 Fed Compress & W'house—25 2,410 Fiat Amer dep rets 2,670 Tire Assoc of Phila 10 22,000 Florida Power & Lt $7 pref..* 62,500 Ford Motor of Canada cl A..* 3,200 Class B voting * I Ford Motor Co Ltd— 63,400 Amer dep rets—Ord reg £1 7,600 Ford of France Am dep rets 4,050 Fox (Peter) Brewing Co 5 Franklin County Distilling Co. 26,300 formerly Taylor Distilling- 1 Froediert Grain & Malting— 11,500 Common i 13,200 Partie conv preferred 15 71,200 Fruehauf Trailer Co 1 3,025 Fuller (Geo A) Co com-2,800 $3 conv stock--.-2.900 4% conv preferred -100 — 200 725 3,900 175 2,500 12 - 350 150 — 325 50 300 Gellman Mfg Co common 20,000 General Alloys Co 1,600 General 200 Sale Sale Sale Sale 17# 4 Sale Sale 17# 7# 18# Sale 67 Sale 59 Sale 70 700 460 21,800, 20 $6 preferred . ""3101 280 200 500 590 General Tire & 25 200 200 40 - 200 - 50 14.300 250 500 60 1.500 1.800 2.000 300 2.200 100 1,000 16,300 1 950 3,700 800 200 13,900 130 110 1,200 800 20 400 600 1,400 600 Gladding 324,650lGlen * $7 preferred 29,200 Goldrield Oonsol Mines 50 Goodman Mfg Co 900 1,300 4,375 15,700 7,550 21,300 3,175 15,665 * —- Gorham Inc class A $3 preferred. 1 50 * com * page 53. 14 10 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 8 12 Sale 3% 62% 54 % 11% 1% 12# 31 28 Sale 85 3% 80% 28 27 21 Jan. 10 Dec. 18 6 14 2 10 Jan. 31 Jan. 31 J an. Jan. 30 13 Jan. 1% 12% 32% 3V» Jan. 4 Jan. 7 Jan. Jan. 28 13 13 May 21 14 May 21 2% May 16 12 June 22 73 75 69% Jan. 23 82 Jan. 25 80 80 72 Jan. Jan. 28 56 June 76 68% Jan. 23 23 82 72 80 Jan. 25 57 70 73 80 June 29 73 83 71 Jan. 17 80 Jan. 25 28 Hi 21% 6% % 24 21% 6% 24 57 May 25 20% Nov. 8 7 Jan. 10 8 Jan. 16 Sale 2 Sale % Jan. 3 20 Jan. Jan. Jan. Jan. 30 20 % Jan. 11 23 2% Jan. 28% Jan. 6 61 26# 10 # He 23% 4# 22 H 1% 3% 72% 11 Sale Sale Sale Sale 24 f7"# "7% 23% 23% 12 12 6# 6 Sale Sale 20* 38 68% Sale 17 Sale 17# 17% 2% Sale 2% 2% Jan. 29 Jan. Jan. 7 2 2 % 19# 2% 21% Sale 25 2% 10% 10% 3% Sale 7% 7% 24% 25% 9% Sale 8 8% Sale 7 3% Jan. 3% 86 % 78 7% 2% 2 32 67# 96% 33 22 6 2% Jan. 4 9 Sale 9 Jan. Sale 3% Jan. 23% 8% 7% Sale 8 32 13 9 3 11 24 16 25% Jan. 10% Jan. 8% Jan. 30 Jan. 10 10 Sale 1% 1 1% ^ o 21 J3/» 24 1 % % Jan. 13 69 Jan. 30 119# Jan. 28 21 Jan. Jan. 3 10H Jan. 11 Jan. 1 % Jan. % % Sale % % % Jan. 2 % Jan. 9% Sale 8% Sale 20 Hi 31 37 % 9% Jan. 20% Jan. 22% Jan. 37 Jan. 30 41 Jan. 26 Sale 32% 33 Jan. Sale 48 30% Jan. 50% Jan, 30 41 Sale 40 34 50% 20 % 20 8% Jan. 19% Jan. 19% Jan. 23 20 9 Hi 20% 19 10% 17% Sale 19% 4 52 Jam. 92 Jan. 16 # Jan. 1% Jan. 24 17% 27% 90 60 87 54 1 1% 14% 13% 14% 14% 39 48 Hi Sale 60 4% 16% 35% * 55% 80 38 % Sale 1% 1% 76 % 1% 74% 57 82% 30 '4 % 29% y* % ,% 58% Sale 102 92% 107 Vs 1 4%\ 5% 15% 16% 58% Sale % He 53% 60 76 97% 98% 5% 45 4% 12 10 97% 98 90 5% 50 44 3>% Sale 27 Sale 9 98 105 Hi,, 8% ""I"" "l% 5% 4% 7% Sale 5 Hi 5 98 Sale 100# 88# 5% Sale 3% 5k 3% 7% 8% Sale 21% Sale Sale 4* 104 lHi 1% %. % 1% 1% 6% Sale 29 Jan. 2 4% Jan. 15% Jan. 30 40 18 Jan. 7 % Jan. 6 55% Jan. 6 1 - 4% 16VH 58% % 55# Jan. 11 % 10% Sale 1 % 1 '• •! % 111 # 109 2 41 9% 1 9% % 1 % % Sale *32 3 57 27 Jan. 21 Jan. 3 61 98 31 41 Feb. 3% Feb 1 % Jan. 1% Apr. 23 12 11 27 88 87 15 15 1 13 45 2 46 Jan. 31 30 x3% Jan. 30 8# Jan. 30 24 62 % v% 1% 5% Sale Sale % 2 5% May- 7 11% Dec. 10 44% Dec. 11 10} K 47A " Nov. Oct. 4 4% Jan. 31 98 Jan. 8 He Jan. 9 21% Jan. 5% Jan. 15 22 99 15 Jan. 8 He Jan. 22 5% May 17 Dec. Jan. 6 17% Jan. 35% Jan. Jan, 7 Jan. Jan. 3 5 6 Jan. 11 18 11 6# Jan. 10 8 130# Jan. 2 104# Jan. 21 % Jan. 3 % Jan. 31 Jan. 30 42 Jan. 2 9% Jan. 29 10% Jan. 10 1 % Jan. 28 1 % Jan. He Jan. 33% Jan. 28 41 Jan. Jan. 2 115 14 110 2 7% Jan. 22% Jan. 61% Jan. 3 13 Jan. 27 Jan. 27 25 29 8% Jan. 25% Jan. 27 65 •# Jan. % Jan. 31 28 1H 16 5 HI Jan 7 Jan . 13 ll" 33 12 Nov. 29 Oct. 9 8 June 27 114# Apr. 26 8 May 22 % Nov. 26 49# Apr. 30 10# Apr. 22 1 Dec. 31 2# hi Decs 28 % 25% June 10 39# 107 % May 24 115# 102 June 6 111# 3 Nov. 15 3# 20% May May He Dec. % Nov. 1 % Jan. 4% May Dec. Apr. 24 11# Jan. 19 135 Jan. 30 % Aug. 16 5% Feb. % Jan. He Jan- 26 21 .Tune 6% 4 Apr. Dec. June 4% Sept. 123# May 88 May 62 Jan. 1% Jan. 5# Jan. Oct. ^June 36 12 May 15 28% Oct. , 4 I*2 105 • 20 13 9% Nov. 32% Apr. 19 11% Apr. 18 4% Dec. 91% Nov. He Jan 25 Feb. 1 Feb. Mar Apr. 5% Apr. 22 6% Apr. 8 6% Apr. Jan. 8 12 3 3 8 106 40% July x3% Jan. Mar. Apr. Apr. 1 % Jan. 81 Apr. 4% May Jan. 23 21 1% Oct. 28 1% Nov. 12 1 June Jan. Dec. 48 Aug. May May May Jan. 109# Jan. 21 7% 55 32 9 3 2 0 25% Nov. 27 90 May 25 % May % May % Dec. 31 4 2 'it Mar. 11 65 Jan. Jan. 28 Apr. 15% Mar. 7 xl7% Dec. 16 41 Apr. 29 Hi Apr. 6 65 Apr. 17 % June 50 6 21 Dec. Jan. 27 3 103% Jan. 90 Jan. 6 Jan. Jan. 14 20 31 8 Jan. 9 Dec. Feb. Jan. 98 41 Mar. July 6 7 18 78 6 % Jan, % Jan. 7 June 90 Jan. 3% 58 5% 2 37% Dec. 17 54% Nov. 7 Feb. 10 Sale . 65 5% 28 13 8 20% Apr. Dec. Jan. 3 Sale 2 Jan. ill % Apr. May 31 16 Sale %/\ Jan. 5 15 5 1% Dec. 10 % May 22 9 29 He Jan. 8 1 Oct. 26 85% Feb. 52 July 4 29% Jan. % Jan. % Jan. 31 % Jan. Ill % Jan. 63 H 89 44 25 9 115 32% Sale 114 109% 109% 3 2% Vs He 28 28 28 32% Jan. 13 Jan. Sale 39 He Sale 33 Oct. 88% Oct. Nov. 31 83 _ May 13 13 July May May J an, Jan. 28 1 1% 1% 14% 16 15% 16% 14% 31% 35 32 34 33 4% 5 4% 5% 434 6 5% 6% 5% 5Hi 130 % Sale 130 % 133 129 98 Sale 102% 104 98 Sale 5 % 80 % Oct. 91 Oct. li* Jan. 1 % Dec. _ % Jan. 12 30 "6 33 June 25 1 18 12 Jan. Sale sP-.A 3y 42 June 90 5% 25 5# "67"" "70" Jan. 3 30 4 Jan. May May Jan. 70 May May 21 116 8% June 29 17% 8% July 25 17 8% May 16% May. 10# Sale 46 21 19 93 # % 6% 8 5% 33 9% 51 % 84 % 2 107 41 5 7% % 58# 105 85 Jan. 80 H 58 41 % 6% 40 82 % % 11 9 90 Jan. 3% Jan. 14 >n Mar. 41 8% 95% 58% A % 1# 52 Sale 4% Sale 40 38 Hi 32 52 29% 49% 1% % Sale 36 H 15 3 4 12% May 10 6% May 3 Apr. 3 28 Apr. 9 15% Mar 28 2 9% Dec. % June 22 9 % 5 3 Oct. 7% May 3 Hi Dec. •6 Sept. 17% May 12% Jan. 10 Hi 66 20 18 29 30 23 25 He Feb. 27 25% Mar.1 4 5 % Apr. 3 31 Apr. 4 7 24 1% Apr. Apr. Apr. 4% Apr. 17% Jan. 8% Jan. 75% Oct. May 21 Aug. 16 2% Dec. 27 20% Dec. 26 3 1% Oct. 11 6 14 % Nov. 22 28 28 19* 18 6 1 % Jan. 1 % 1 21 Jan. 12# Jan. 3 4 Mar. 91 40% Nov. 1560# Nov. 20 91 24 Apr, 24 Apr. 1 Sept. 23 May 3 Jan. 9 Jan 8 Apr 25 11 11 Dec. 6 9 37- 21 15 18% 20% 68 % 67% 67% 69% 67% 115% 116 113 115 114 10 9% Sale 10% 9% 10 10% 10% 11% 10# 51 ir- 6 13 7 22 . 28 Jan. 30 7 24 Hi 28 10% Jan. 4% Jan; 30 6Hi Jan. 24 % Jan 7% Jan. 7% Jan. 3 31 3% 6% • "9" "16# 1 7 2Hi 21 1% Sale .. see Jan. Jan. Jan. 23 24 Sale ... For footnotes 58% 13% He 15% 15% 3Hi 12% 4% 67% 58% 8 Jan. Jan. Jan. Jan. 15 22 21 14 75 — ... 3 Jan. 6% May 1 % May 12% May 26 May May 72 Gorham Mfg Co common 48,600 Hall (C M) Lamp Co .5 18,650 Hammermill Paper Co com.. 10 815 Hartford Electric Light 25 19,900 Hartford Rayon com vtc.. .1 * 2,700 Hartman Tobacco com 22,300 Harvard Brewing Co 1 10,800 Hat Corp of Am cl B com .1 10 70 15% 17 10 25% 26% Grand Rapids Varnish Corp 1 5% 7 Gray Manufacturing Co 10 9 Sale Gt Atl & Pac Tea 1st pref. .100 131 132 Non-voting common stock.* 110 Sale Greater New York Brewery— 85,000 Formerly Fidelio Brewery. _1 Hi % 13,300 Great Northern Paper Co—25 44 44% 37,600 Greenfield Tap & Die com * 8% 9 Grocery Stores Prod— Common. 25c 10,400 2% 2% 17.700 Guardian Investors common. 1 He % 186,825 Gulf Oil Corp.. 25 38>% Sale 3,080 Gull States Util $6 pref.. .* 112# Sale $5.50 preferred _..* 109 1,560 112 50 Gypsum Lime & Alabastine..* 5 2% . Jan. 70 24 Class B 14,300 3% 3% 10 42 12 Sale 6 '' 17 4 6 % 14% 14% 3% 14 4 10# Jan. 3% Jan. 3 52% Jan. 13% 63% 55% Sale 11 % 10% 1 % IVs 11% 28 McBjean & Co.. Alden Coal Co.--. 6,550 Godchaux Sugars class A 17 70# - 950 21 16 20% May 27 32% 107% Mar. 23 110 I % Jan. 31 3 % 64 Mar. 21 79 % % Dec. 19 1 % % May 21 2% 5 July 2 8% 64 63# Rubber— 1,365 6 % preferred A 100 1,800 Gen Water Gas & Elec com. -_1 2,275 S3 preferred 7,265 Georgia Power $6 pref 110 $5 preferred * 8,700 Gilbert (A C) Cocom.-.. "*. * 640 Preferred * 700 Gilchrist Co 22 1% Jan. 7% Jan. Sale Prices 60 45 . 76% Jan. Sale Sale 57% 11% 1% 14% 13 Hi Sale 6,200' Warrants1,250' Gen Outdoor Adv 6% pref. -100 3,060;General Pub Serv $6 pref..-.* 2,300 General Rayon A stock 26,500 General Shareholdings $6 conv preferred— 5,270 Sale Sale Sale 3% 65% 55% 11% 1% 11% "76" "85"" Gen Investment Co com—-.1 1,875 3 9% Jan. 2% Jan. 35 jan, Sale 12 6 11 1% 11# % Sale 4 10 29 Jan. 1% Jan. 7% Jan. Sale 55 Jan. Jan. 3 % 9% 13 3 Highest Prices 64 12# 24 Elec Co of Great Brit * 76 3 38 24 7 29 111 , Jan. 2%, Jan. 74% Jan. Lowest Sale 3% May 22 May 22 42 May 21 7% May 21 Vs May 18 May 21 May 28 Sept.13 July 3 55% June 11 1% Genera^G & E $6 pref B 111 3 % 1% 7% 7% Highest Sale Prices 22% Jan. 115 74 % 1% Lowest 24 2% % % 15% 17 15% 17 3% Sale 13 12% 1 American dep receipts— ^£1 6,400 29,500 General Fireproofing com-- -* 1,300 RANGE FOR YEAR 1940 Sale Prices 31, 21% Sale Sale Sale Sale 7 330 Gamewell Co $6 conv pref . 210 GatineauPowerCo5% pref-100 '""200 10% 2# 35% 53% 1 2% 18^ Sail* _ 1,400 1,300 4,000 JANUARY Ask 111 3 76 11 — 1,000 2% 74% % % 7% > 3~" Sale' _ """675 # 2% 6% Option warrants 3,600 Electrographic Corp com 1 3,405 Elgin National Watch Co—15 16,800 Emerson Elec Mfg Co com—4 210 Empire Dist Elec 6 %pref. 100 12,500 Empire Gas & Fuel 7% pf-100 7,325 8% preferred 100 5,930 6% preferred -.100 6 % % preferred 1,770 100 1,825 Empire Pow Corp part stk—* 7,800 Emsco Derrick & Equip Co—5 189,300 Equity Corp common 10c $3 con v preferred 37,650 1 47,600 Esquire Inc 1 2,300 Eureka Pipe Line —50 550 Eversharp Inc common 1 525 75 3# Electric Bond & Share 23 '-A 113 108 \H Sale Jan. Ask Bid 22 a 19 % 44 $7 preferred series A__ .._-.* $6 preferred series B Easy Washing Mach class B Economy Groc Stores com—* Bid 31 * — Jan. 2 Ask -.100 .100 Eastern Malleable Iron Co..25 Eastern States Corp com 24,550 100 — Eastern Gas & Fuel Assoc 6% preferred 4#% prior preferred IN Price EXCHANGE 1940 Shares CURB 8 21 18 26 14 3 22 14 40# 70# 1# # 2# 8# Jan. Jan. Jan. 12 12 4 Sept. 24 Feb. 1 Nov. 13 9 Apr. 3 May 3 Apr. Jan. 10 Feb. 28 July 30 5 Apr. i. AGGREGATE SALES In Shares 250 6,300 400 600 100 50 600 1,425 1,100 1,700 2,000 100 - m „ - « m ^ _ — 22 150 600 100 350 100 1,200 400 ~ ' 9,800 - 500 1,600 2,200 1,090 880 100 400 575 3,200 700 Sale 69 % ..... 3,100 13,400 2,800 13,100 9,600 37,200 3.300 4,450 61,800 84,750 5,400 5,075 17,000 18,650 40,800 15,000 "loo 1,900 100 200 1,800 8,700 400 175 300 400 2,000 Internat Safety Jlazor cl 700 250 4,950 4,130 3,880 20,900 215,000 100 180 3% 23% 5% 300 "166 100 170 3,900 2,300 200 100 200 400 200 20 300 25 ' 200 14,000 4,600 800 3,550 200 400 . 24 12 A Jan. Jan. 29 17% Jan. 30 Jan. 21 75 A 18 24% 1" 3A 30 Sale 9A 13 A 13 A 1* 21% s"!* 14 Sale 1% * 2% 1 Sale Sale 18 A 8% 9% At Sale 18 19 32% 34% 3 % Sale 7% 10% 4% Sale 12 Sale At % 16%JI17% 16%L17% At IH 2% 1% 2% VA Lt Co— 89 A 100 87 100 100 104"" Sale 10 100 * 35 Sale * A A A 10 A 11 3A 34 3A Sale 13 3A A A 17 A Sale 13 A Sale A A 4 4 Jan. 27 Jan, Jan. Jan. Jan. 23 Jan. 7 % Jan. 1% Jan. 20 Jan. 14 3% Jan. 15 Jan. 27 7% Jan. 12% Jan. 15 22 38 Jan. 3 9A Jan. 4 35 ■2A 5A 6 A Sale OA 8% 8% 3% Sale 3% 17% Sale 18 20% Jan. Jan. 6 72 5% 19% 6% Jan. 14 4 2% Jan. 25 1A Jan. 8 A Jan. 31 2 2% Jan. 10% Jan. 2 13 3 4% Jan. 13 Jan. At Jan. 20 6% 5 1% 9% 9% 3% Sale Sale 10 3% 3 A Jan. A 5A At 12 13% 28 A 32 A 3 A Sale 9 A Sale 11% Sale 2 A 3A A % 10A 17 12 A Sale A At 5 A 5% At 12% 33% 3% 9% 11% 2 "A A Jan. 17 3 Jan. Jan. 30 7 Jan. 7 Jan. 3 Jan. Jan. 31 Jan. 16 7 Jan. 6 Jan. 2 34% Jan. 3% Jan. 17 3 13 Jan. 10 11% Jan. 3% Jan. A Jan. 16 10 7 18 14 10 4 10 Jan. 1 Jan. 2 24 95% Jan. 95 90 A 103 A 104 A 102% Jan, 102 A Sale 109% Jan. 110 108 A 109 A 108 1 30 96 8A Sale 2A 1 75 A 54 56 1 A. 1A nil 10 Sale Sale A 14 A 11A if* A* 60 12 5 45 13 4A Sale 55 13 A 5A 1A 17 / 12^ 2 Jan. 23 80 13 90 Jan. 10 97 31% Jan. 31 37% Jan, 8 18 23 117 3A 3 A — 14* 9A 3A 10 10 A 4A 14 101% Sale 45 13 4% 55 13% 5% At Jan. 73% Jan. 79 25 54 Jan. 54 1 % Jan. 5 2% Jan. y\ % Jan. 1 10% Jan. 3% Jan. 101 Jan. 3 6 14 8 30 9% 10 A 16 'A 5 Jan. 6 42 Jan. 28 Jan. Jan. 28 Jan. 11 Jan. 13 Jan. 29 Jan. 12 A 4A Sale Sale Sale Sale 100 105 11% 12% 4% 98% 9% 2 14% Jan. 2 5% Jan. Jan. 29 100 Jan. 30 10% 16 15 Jan. 29 9 1 J 7 Sale Sale 35% 12% 3A A OA 28 17 Sale 18 0 15 9 11 21 25 22 8 Sale 7% 2 % *i» Sale 8% 20 1% Sale Sale Sale *n 25% 27 8% Sale 16% 19 1% 1% 9 6% Jan. 2% Jan. 30 1 23 u Jan. 26% Jan. 30 Jan. Jan. 14 1% Jan. 3 8 17 6 7% Jan. 31 Jan. 10 J Jan. 10 Jan. 10 8% Jan. 6 Jan. 17 1% Jan. 10 18 7 29 47% Apr. 9 5% May 6 33% Apr. 24 6 9% May 9% Dec. 18 63% Mar. 11 Jan. 18 3 3 Jan. 3 Feb. 29 1 1 16! 75 23% 15% 2% 12% 5% Feb. 20 Feb. 20 Apr. 24 Apr. 23 Bee. 26 Apr. 4 Jan. 8 Apr. 24 Jan. 17 May 3 19% Feb. 7 19% Feb. 5% May 7 3 18 14 0 Jan. 5 Jan. 8 July 30 Apr. 27 Mar. 20 Jan. 3 Jan. 26 Oct. 3 Feb. 9 June 24 1% Apr. 9% Mar % Jan. 18% 37 4% l0 10% 23 26 11 21 22 10 13 % 5% % 18% 17% % 3% Bee. 12 2% Feb. 27 Bee. 10 23 96 Sept. 5 27 103 Bee. 6 23 111 At Oct. 22 22 June 10 39% Nov. 8 x<ov. 27 27% Mar. 8 75 Mar. 9 Bee. 9 Apr. 6 Jan. 31 Mar. 7 Mar. 11 Nov. 28 95 Bee. 31 73% Mar. 30 2 Jan. 3 9 2% Jan. 8 1% Jan. 15 Apr. 11 May May June Sept. Aug. Bee. Sept. 14 27 13 25 7 21 27 10% Jan. 8% Apr. 11 May 15 101 Oct. 21 11% June 25 4% May 21 8 4 Nov. 19 Bee. 31 5 13% Nov. 27 z6% Apr. 8 75 Apr. 34% Bee. 26 Oct. 23 10 Jan. 3 44% June 26 25% 4% 2% May 15 z7l Jan. 12 100 12% 9% June 4 Apr. Aug. Bee. 31 A Sale 2% 8 VA 13 9 9 37 11% 8 28 14 Sale 10 8% 3% 28 99 15 1% At 10% 13% Jan. 4% Jan. 13% Jan. Jan. July 19 22 Apr. 21% Apr. 8 49 39 35 23 10% Jan. 3% Jan. 2 104% Jan. Dec. 26 2% Feb. 3 June 17 120 5 8% May 29 6% 2% Bee. 13 111 Jan. 2 112% % % Bee. 31 18 Jan. 52 Jan. 1% Jan. 1% Jan. % Jan. 70 7 12 May May May At Oct. At Jan. 23 At 75 51A 53 1A Sale 2 A Sale 71 12 Jan. 3% Jan. 3% Jan. 4 May 113 Jan. 9 116% Jan. 117 A 120 8 Jan. 8 8A 9 Jan. 4 1% May 22 1 May 14 Jan. 2 3 Apr. 24 % Sept.12 Sept. 5 At Bee. 8 Aug. 23% May 2% May 6% June 9 May 2% Bee. % Mar. 12 May 12 May % Apr. 27 13 . 104% Jan. 18 110 24A 21 110 A 72 Sale 32$ Sa^e* ""A 47 A Sale 5 2 Dec. Dec. 24 6 A Bee. 20 % Dec. 28 % Dec. 28 9 Jan. 8 50% May 22 17% June 10 5% Dec. 23 1 June 29 4% June 20 1% Mar. 28 8% June 26 8% Dec. 24 3 May 21 29 Jan. 29 Jan. 13 Jan. 20 Jan. 6 20% Jan. 20 7% Jan. 13 21 Apr. 12% Jan. 12% Jan. Mar. 10% Mar. 3% Jan. 101 Sale 10 21 24 120 5 June 28 Jan. June Dec. 27 Sept. 1A Jan. Sale 2 19 Jan. A % % 12% 73% 29 Sale 18% 24 5 A Jan. Sale 72 Jan. 3% Jan. 21% Jan. Jan. 29 Jan. 29 Jan. 13 7 Jan. A A A 10 A % % % A A 9 6!% 2 Dec. 24 5% Jan. 5% Dec. 5% May 7% June 6 July 6% Jan. 6% Jan. 8 A Jan. 2 5A Jan. 8 6 A Jan. 8 A Jan. 20 8 Jan. 28 3 3 A Jan. 2 13A Jan. 8 14 A Jan. 31 24 A 23 3% Sept. 55 2% Jan. A Jan. Sale 22 9 ... 31 30 A 20 20 Jan. 2% Mar. 23 21 % May 21 4% Mar. 1 30 Sale 1A Jan. 14% Feb. 36% Apr. 3% Apr A Dec. 17 1% Dec. 17 28% May 23 Jan. 80 23 A 4 > 7 14 Jan. 3A 1 12 14 9 22% Apr. 11 4 11% Dec. Oct. Jan. 4 3 6 May 27 120 4% Feb. 3 A Jan. 10% 11 6* Sa.l* 13*' Sal!* 3 A 9 A 10 A A A Sale 18A 20A 5% 6 1A Sale 6 7A 2 A Sale 8 A Sale 8 A 9A 3A 3A 84% 11A 5% 3% Sale 16 73 32 A OA 10% A 8 10 8 6 57 5A Sale Sale 30 A Jan. 29A Jan. 3A 3 20 Jan. 63 Jan. 35 38 A -- Sale At 6A % 1A 1A Jan. 18 Dec. 31 Nov. 27 May 22 35% 108 July 2 114 19% 13% May 23 47% May 17 Jan. 7 8A % lA 37 A Jan. 4 13% 26 8 31% Jan. 17 17A Jan. 57 A Jan. 5A Jan. 8H. 7* 3 Aug. 20 Sale 7% 5% May 29 9% May 23 9 14% Feb. 5 20 Mar. 92 11 June Jan. 5 4 29% Jan. 30 A Jan. u* May 22 13% May 21 6 3 27 60 120 Sale in 1% 8 A Jan. 7 11% Jan. 30 8A 12 A 62 Sale Sale 71 9 10 A 11 Apr. Mar. May 20 8 13% Jan. 77% Jan. 18% Jan. 10% Jan. x8A Jan. 11% Jan. 17 Jan. 12H Apr. 16 June 25 3% Dec. 75 79 Sale 2A 5A a 18 7 13 A 12 Sale" ft Development—25 Le Tourneau (R G) Inc 1 Line Material Co t—5 Lipton (Thos J)0% preferred 25 2 59 60 Convertible preferred 53. 2 6A 3% A Leonard Oil For footnote® see page 18 Jan. 3A Lehigh Coal & Nav Lit Brothers com 8 Jan. Jan. Sale 15% 1,080 Lackawanna RR N J—-—100 Lake Shore Mines Ltd 1 131,100 Machine.. 1 62,600 Lakey Foundry Lane Bryant 7 % pref 100 670 Lane Wells Co common 1 14,000 Langendorf United Bakeries— Class A * 300 Class B.. * 350 Lefcourt Realty com —1 1,800 1,900 197,100 74,000 12,800 21,550 3,200 10,300 Jan. 11» 23 26 '15% Sale Koppers Co— 6 % preferred 100 Kresge Dept Stores— 4% conv 1st preferred—100 230 Kress (S H) & Co spec pref.. 10 6,400 1 17,100 Kreuger Brewing Co ""260 Sale 3% May 3 22% Sept. 11 May 28 26 Sale 13 23 4,435 920 7 2 3 A 29 A 100 116%|120 410 Kansas G & E 7% pref 6%. 6% 5 17,100 Kennedy's Inc 4%J 5% 4,100 Ken Rad Tube & Lamp cl A—* 111 Sale 30 Kimberly-Clark 6% pref—100 At % 1 3,700 Kingsbury Breweries com Kings County Lighting— 92 7 % preferred series B. . — 100 390 68 5% preferred series D 100 520 Sale 1 50,900 Kingston Products Kir by Petroleum 1 24,500 1 5,700 Kirkland Lake G M Ltd 2,000 Klein (D Emil) Co common..* 10 1,300 Kleinert (I B) Rubber Knott Corp common 1 8,400 * 100 Kobacker Stores Inc com 110 1,600 10% 8% Jan. 28 2 12 * Laughlin com 4% Jan. Jan. Jan. 11A 1 100 Johnson Publishing Co Jan. 12 Jan. 9 * 275 Julian & Kokenge com 12,800 20,000 29 59 _ Jones & 12% 28A $1.75 preferred * $3.50 prior pre'erred International Vitamin Interstate Home Equip com—1 Interstate Hosiery Mills * Interstate Power $7 pref * Investors Royalty Co Iron Fireman Mfg com v t c_ 5%% preferred— 6% preferred 7% preferred 31 4 15% 2% Class B 94,000 Jacobs (F L) Co Jeanette Glass Co 10,700 Jersey Central Pow & 8.100 Jan. 28 22 33 ..... B—* Irving Air Chute common Italian Superpower cl A OA Jan. 26 Sale 11* .—1 Internat Util class A 3 3% 2% 115% 30 A Sale 113% 115 18 A 16% •Sale 67 1,106,600 Internat Paper & Pow warr__ * 304,600 Internat Petroleum com Registered 6,000 26,500 Internat Products common....* 20,700 24,200 Jan. ,1* 26 12 10 Inc cl A 15 Sale 30 ---100 Internat Metal Indus 3 8 Jan. Sale 9% 8% 11% 3 1% Internal Cigar Machinery * Int Hydro-Elec $3.50 pref—50 Internat Industries Jan. Sale Prices Jan. 17 29 May 21 23% May 21 31A 29 —1 —1 7% preferred 2 25 10 12 % 13% Imperial Chem Indus Ltd— Am dep rets ord reg £1 Imperial Oil (Canada)— * Registered — -* Imperial Tobacco Co of Can.-5 Imp Tob of Gt Brit & Irel_.£l Indiana Pipe Line 7.50 4,040 Indiana Serv Corp 6% pref. 100 7% preferred —100 2,630 Indian Terr Ilium Oil Co— Non-voting class A 1 2,600 insur Co of North Amer 30 2 Sale 8% 1,500 155,200 20,100 17,700 5,400 8,400 industrial Finance vtc 20 A Jan, Jan. 5A 11A 10A 8A 22 A 11H May 21 May 22 May 22 May 23 16 17 22 Sale ' 26 5 —* Class B stock Lowest Sale Prices 26 Heller (W 3,400 6,400 3,650 45,850 12,200 32,800 58,800 1,850 100 Highest Sale Prices 25A Jan. 1A Jan. 2 Sale 10 * 60,000 Illinois Iowa Power Co 5% conv preferred.. 50 132,300 Div arrear ctfs 134,300 21,850 Illinois Zinc Co 250 Illuminating Shares Co A—_ 5,800 22,600 14,500 8,400 25 A 2 A Sale - * 11,250 Horn & Hardart common 550 5% preferred 100 5 3,700 Hubbell (Harvey) Inc * 145,800 Humble Oil & Refining 5 103,400 Hummel-Ross Fiore Corp 300 Hussman-Ligonier Co * 800 Huyler's new common 1 1st pref vtc 400 —1 3,400 Hydro-Elec Secur common— 5 21,100 Hygrade Food Prod 13,900 Hygrade Syl vania Corp. * 12,500 2,100 26 A 11 * Ask 12 5% 2,050 Hormel (Geo A) & Co com— * 3,600 Horn (A C) Co common 1 10 Horn & Hardart Baking Co—* 1,075 400 Class A 25 Horder's inc - „ 25% VA Dept Stores Helena Rubenstein Inc... Ask Bid Par (iContinued) * common..5 6% conv preferred 50 Hecla Mining Co 25c Hearn Highest Lowest Sale Prices Jan. 31 Jan. 2 Hazeltine Corp E) & Co common. .2 7% preferred w w 25 7% pref ex-warrants 25 250 Henry Holt & Co part A * 6,500 Hewitt Rubber Corp com—.5 16,770 Heyden Chemical Co --10 10,600 Hires (Chas E) Co cap stock. .1 19,800 Hoe (R) & Co class A 10 29,600 Hollinger Consol G M 5 7,600 Holophane Co Inc common..* 100 . Jan. 2 EXCHANGE STOCKS 9,700 15,300 9,550 164,500 11,000 6,900 3,100 1,970 1,700 Price YORK 1940 Shares 500 800 . CURB Months 1940 12 January RANGE FOR YEAR 1940 IN JANUARY PRICES NEW 45 EXCHANGE CURB YORK NEW FEB., 1941] Nov. 12 May At Bee. 21 May 7% June 13 July % June Feb. Mar. Feb. Bee. 21 10 23 18 Oct. Jan. 18 9 35% Jan. 3 16% 6% % 6% 21 20 15 27 27 27 Mar. 25 May 13 May 10 12! Apr. 6 22 J 1 Mar. 9 0 Apr. 46 NEW YORK CURB EXCHANGE AGGREGATE SALES In PRICES NEW YORK CURB EXCHANGE Months 12 January 1940 1940 Shares STOCKS 12,650 169,800 131,200 10,400 29.650 14,100 181,200 (Continued) Par Bid Locke Steel Chain Co Lone Star Gas 5 Jan. 2 Ask 13 27,700 Manati Sugar opt warr 4,400 Mangel Stores Corp com 1 * * 320 $5 conv preferred 50 Manischewitz (The B) Co 1,800 Ma pes Cons Mfg Co 100 X IX 26% _ Marconi Internat Marine— Communication Am dep rct_ Margay Oil Corp --* Marion Steam Shovel com ♦ Mass Util Associates vtc 1 Massey Harris Co common.. Master Electric Co 1 Bid 13% * Sale lOj Long Island Light common.. Sale 11 7% preferred series A 100 44 Sale 6% preferred series B 100 38 % Sale Loudon Packing Co com * 1 X IX Louisiana Land & Expl com..l 5% 5X 690 Louisiana P & L $6 pref * 101 103 11,300 Lynch Corp com 5 25 26% 1,100 23,200 2,000 13,300 30,100 31 10 ux X 24 lVs Sale Sale At IX 42X 9 At IX 26 IX 3 9 55 60 IX 5X 146 Merchants & Mfrs class A Scott * 6 % % A preferred— 100 Common stock pur warr'ts. Mesabi Iron. 1 27 X Metal Textile (yorp com 320 25c Participating preferred—15 Metropolitan Edison Co— 470 $6 preferred 81,450 Michigan Bumper Corp X % 2X 40 7,060 5,450 12,100 34,600 1,600 3,600 30,400 * 17 114 1 Mining Corp of Can * Minnesota Min & Mfg Co * 70 Minnesota P & L 7 % pref .100 2,260 Miss River Power 6% pref.100 12,400 Missouri Pub Serv common..* 27,800 Mock Judson Voehringer. .2.50 1 259,700 20,100 24,500 4,000 1,500 9,050 12,675 2,875 2,800 1,700 241,600 51,600 15,500 Molybdenum Corp 1 Monarch Mach Tool Co Monogram Pictures 6X 18% 17X Montreal Lt Ht & Pow com..* Moody's Investorspartic pref.* 1 Mtge Bank of Col Am Shs Mountain City Copper Co._5c Mountain Producers Corp—10 ^Mountain States Pow com. * Moore (Tom) Dist stamped Nachman Springfilled Corp..* 1 Nat Bellas Hess com National Breweries common. 4 11 Sale 94 X 4X Sale $3 con v preferred ....—- National Container (Del) National Fuel Gas 50 .1 * Nat Manufacture & Stores— * National Power & Light— $6 preferred 2,400 National Refining 55,700 Nat Rubber Macn * * com * National Sugar Refg * National Tea Co 5% % pref. 10 National Transit. 12.50 National Tunnel & Mines.. .* National Union Radio 30c Navarro Oil Co --* 230 Nebraska Power 7% pref.. 106 40 Nehi Corp 1st preferred — 5,900 Nelson (Herman) Corp...—.5 7,300 Neptune Meter class A.. 4,100 Nestle Le Mur Co class A 300 Nevada Calif Elec 3% cum-4% com * * .....10 non-cum... 100 Jan. 4X Jan. 2 115% 3X 8X 4 Sale 7% 4X 5X Sale Sale 10?4 15X Sale X 7% 35X . 20,500 New Mexico & Ariz Land 1 900 New Process Co common....* * 5,500 N Y Auction Co common 400 N Y City Omnibus warrants For footnotes see page 53. 10 2 2% Jan. 1-4 34 14% X Sale 18 24X X X 5X 4 Sale 3X 5X i 5X 15X 15 137 X 137 Sale 11X 14X 11X 15 X 2% 8 54 54 June 1 9 13 Jan. 3 8 Sept. % July 4% May 123 May 3% May 11 May Jan. 28 4 Jan. Jan. 24 25 4 85 Jan. 15 27 X Jan. 1% Jan. 40 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15 6 15 17 3% Apr. 14 17 22 7 Jan. 22 10 18 Jan. 30 117% Jan. 11 1% Jan. 17 8 Jan. 4 116 Jan. IX Jan. 7X Jan. 14 J an. 10 8 21 10 4 31 2 116% Jan. 8 4% Jan. "At J an. 48% Jan. 14 15 28 Jan. 13 At Jan. 10 55% Jan. 6 7X 33 X X 2X Jan. Jan. Jan. Jan. 27 30 30 10 14 8% Jan. 8% 36% % 2% Jan. Jan. Jan. Jan. 2 24 28 30 2 15 Jan. 29 174 13 15 J an. 138X 137% Jan. 12 11X Jan. 15X 14% Jan. Jan. 18% Jan. 26 Jan. 13 % Jan. 6 3 3% Jan. 5% Jan. 15% Jan. 30 139 Jan. 28 12 Jan. 24 6 ,9X 11% 16X 5% 14X % Sale 7 15X 9) 3 11 At Sale 16X 18X 6X 7X 13 14X 43X 44X 67% Jan. 30 17% Jan. 6% Jan. 67 Jan. 10 67 Jan. 6 7 23 23 29 27 29 10 . 4% May 5% 24% % 1% 22 % 2% 2% 4% 12 May 22 18 Jan. Dec. 16 June 26 May May May Aug. Apr. May May May May 44 Jan. 9 12 Sale 10% Jan. 2 12 Sale 11% Jan. 16 12% Jan. 12% Jan. 9 24 10 2X 2X 94% Sale 92 X Sale 88 X 89X 89% Jan. 30 2 56 IX 4X 23 X 8X 92% Jan. 4X Jan. 24% Jan. 24 Jan. Jan. 4 10 X Sale "~9% Sale" IX Sale Sale 7X 6% 10 10X 2X Sale -x ' Sale* 12 X 114% 117 *6* 1 a* 115 Sale Sale 84% 4X 5 X 3X 36 IX 8 6% 11% 3 25% 26 30 17 3 8 Jan. 7 A* Sale 7 Jan. 7 5 X 5X X 3X 5* 36% 39X Jan. 3 Jan. 7 Jan. Jan, Jan. 30 2 J an. 11 X Jan. 29 Jan. 29 36% Jan. 4 5 4 a 6 17 17X 3X 3X 6 18 2 31 Jan. 11 Jan. 29 5% Jan. 8 41% Jan. 10 _ 26 9 7 il* si* if* 15 7 27 7 2% Jan. X Jan. 6X 7 5X 6X 5% Jan. 22 6% 51X Sale Sale 49% Jan. 31 52% 16 18X 19% 125 127X 126 127X 126% Jan. 6 129 4X 4X 5% 5% Jan. 6 5 8 W 13X Sale 14 13X 2 13% Jan. 14% 66 X Sale 64 X 63% 64 Jan. 30 68% 1 1 Sale 1 Jan. 10 1 % 28 13 10% Jan. 5 11 Jan. Jan. 18 21 3 May 27 6 30 Sale 3% Jan. 31 10 Sale 17% Jan. 7 Jan. 29 8 Nov. 13 Feb. 21 2 May Apr. May 13% Apr. 17% Mar. 4 2 9 6 Feb. 29 29 11% Jan. 3 % Nov. 23 31 Jan. 25 11% Feb. 27 17% Apr. 22 47% 14% 13% 3% Apr. 30 6 25 Feb. 8 May Jan. 97% Jan. 3% Apr. 6 6 Dec. 27 31 20 15 ilg 8* 23 15 2% June May X July 26 July 2 Feb. 8% Sept. 15% May Mar. 6 Apr. 15 3% Dec. 17 July 10 8 12% Jan. 27 117% Apr. 25 84% May 22 22 24 25 28 9 Dec. 18 18% June 14 49 24 18 ili* 24 6% Oct. 5% May 8% Jan. May May May 110% May 84% May May 4% May Aug. 23 3% June 10% May 3% Jan. 31 Jan. May 6% Feb. 13 4 54% Jan. 11% Feb. 20 110 Jan, Jan. Jan. Jan. Jan. 19% Jan. July 5 3% May 15 6% Dec. 49% Dec. 17% Dec. Jan. 10 Jan. 5* 25 21 June 10 June 4 2 Jan. Jan. 16 2 Sale Sale 76% 8 Apr. 9% Apr. 18 47% Sept. 23 28 May 28 7% May 21 1 % X 9% 10% 9% Jan. 116X Sale 115 Jan. 8tff 7X X 6% 39X A* Sale 2 2% Dec. 31 9% Dec. 18 29 173% Dec. 13 35 Sale Sale 2X niy* 23 6 Nov. Dec. 18 8% May 21 % May 14 16 July 9 6% Dec. 14 10 X 11% 2X 6 2 Feb. May 10 Sale 3X a2iH Dec. 81% Jan. June 10 May 10 June 10 11 4 9 Nov. May 28 Jan" 15 1 Apr. 6 14% 8 11 Apr. 75 14% Jan.i 15 42% Jan. i 6 10 Jan. 7% Oct. 4 125% July 1 6% May 28 11% May 28 Sale Sale % May 23! If 97 May 28 12h, 1% Jan. 23, 2% 6% May 21 8% 13% 9% May 15 1 At Dec. 27 43% May 24 70% 90 May 10 94 1 118% 107% June 3 Nov. 22 5% 5 May 22 11% X Jan. 17% Jan. 4 2 Nov. 20 % Mar. 7 % Jan. 8 3 % Feb. 17 42% Jan. 5 12 X Jan. 16% Jan. 21 89 9% Jan 27 30 6 4 10 4% Jan. 8( 139% 15% 27 Jan. 30% Jan. 5% Oct. June 10 6 168 4 16 Mar. 18 5 12 H 3 52 29 Sept. 30 2% Feb. 20 9% Jan. 4 170% Apr. 4 5% May 2 18% Apr. 22 2% July 18 % Mar. 20 6 13 10 30 64" 43 28 2 29 20 3 Aug. 29 108% Jan. 10 1 Nov. 20 % May 15 8 Apr. 9 4% May 21 1% Apr. 15 % Dec. 9 3 Dec. 18 6% Apr. 15 9 June 12 6% Nov. 13 29 7 31 Sale 7 42 17 103 6 13 Jan. 22 24 21 22 May 21 50 May 23 % July 31 At Oct. 1 1% Oct. 1 33% Dec. 20 10 3X Jan. At Jan. 6% Jan. 16% Jan. 30 30 2 29 16 X 46% 10 Sale 46X 29 % Dec. 10 1% May 21 21% Jan. 16 30 18X 18% Jan. Sale z24% Jan. X X Jan. 5X Sale 3 Jan. Sale 5X Jan. 77 X 4% 2 Oct. 18 Mar. 21 Jan. 2 Feb. 24 9 95% 36 2X 25 if* 2 39 10 Jan. 33 --- X 4X 3X 20 20 15 8 10 1% Apr. 22 1% Dec. Apr. 4% Feb. 2% Jan. Jan. 42 Apr. 2X Jan. X Jan. 5X Jan. IX 10X 170% 166 168 ~24% . 16,450 N Y & Hond Rosario M 28 109% X 6% X 4% 6% ' 1,200 New England Pow Assn com.* 6% preferred 17,305 100 300 $2 preferred 4,080 New Engl Tel & Tel Co 100 New Haven Clock Co com * 16,100 25,500 New Idea Inc common.. ._* 68,900 New Jersey Zinc 25 21 5% Jan. 7 6 13 Sale Sale At 6 X Jan. 3X Jan. 10 17 3 24 X Jan. IX Jan. 37% Jan. 115X 120 115X Jan. 4X 4X 3% Jan. 8 8X 7X Jan. Sale 66 11 93 8 136 10 15 Sale #' Sale 95 Sale June June 1% Dec. 28 9% Oct. 23 4% Jan. 31 3 7 17 X IX 7X 13X y* c 53 X 169 Sale 27 X 116 14X X 2X 9X 24 26 6% IX 90 6 Q 44 17 8 13 14 148 Jan. „ Sale 34 * com National Steel Car Ltd 3X Jan. 2X Sale & 5% Sale Sale IX 7X 5X Sale National Candy Co com National City Lines com 39,225 425 58 91 11X IX 100 * 2.50 * 100 80 37 3 117 a\H Sale Montgomery Ward & Co A._* 13,300 Murray Ohio Mfg Co 9,400 Muskegon Piston Ring 2,350 Muskogee Co common 160 6% preferred 11,000 55,700 3,925 41,010 63,600 46,800 15,700 7 10 1 com Jan. IX Jan* 29 At Sale IX 2X 7X Sale At Jan. IX Jan. 92 20 30 59% Jan. 2% Jan. 7% Jan. 30 17 Jan. < 5H Monroe Loan Society cl A 1 Montana Dakota Utilities—10 640 Mountain Sts Tel & Tel 2,900 219,500 2,590 1,300 20,600 4,400 118,300 167,400 6,800 * com. & 'At Sale Sale 4X $2 non-cum div shares * Mid vale Co * Mid-West Abrasive Co 50c Midwest Oil Co. 10 Midwest Piping & Supply Co.* _ 30 Sale 85 2X X 6X % 8 Midland Oil Corp— $2 conv pref...; Midland Steel Products— 11 IX 30 Sale 4X 80 "M Middle States Petroleum— 4,000 26X Jan. 108% 110% 110 111X 108% Jan. % X X X Jan. c ,^8 6X Sale 6% Jan. X , X X Jan. 4 4% 3X Jan. 6 6X 7 6 6X Jan. 1 6,550 Mich Steel Tube Proa.—2.50 28,400 Michigan Sugar common.... Preferred 5,600 10 4,000 Micromatic Hone Corp 1 26,050 Class A v t c_. —1 36,400 Class Bvtc 1 141,550 Middle West Corp common..5 3X Sale 78% At At IX 34 X _ 16 Sale 3X 28% 5 15 5X Jan. 132% Jan. IX 4X Jan. 17 16 Jan. 135 3X 26X "ix Sale Jan. IX 2X 5X Sale Sale Sale 4X 15X JX 67 41 Jan. 59X Jan. 4X 16% 3% 31 At Dec. 31 1% May 20 30 May 21 10 Jan. 2 25 May 21 Jan. 7 9 4 * 2 4X 15 * 6 14 ~i%"jan"~17 31 3X 1 Participating preferred 2 9X Jan. Sale 29 June Jan. 3 X a 2 Sale 24 23% Dec. 1% May 3% May Jan. 3X At 2* IX 30 31* 2!H 24 14% 10% 1% 48% 44% 2% 6% Dec. May Jan. 10 Jan. 21 Jan. 21 Mar. 22 Apr. 3 108% Dec. 25 29% Apr. 3 2 3 11% 3 3 X 17 Sale Prices 7% May 22 % Dec. 17 11% 27 IX 11X 2 31 Jan. Jan. 10 Jan. 8 Jan. 8 Jan. 8 Jan. 24 4% Jan. 13 109 Jan., 2 26 Sale 9 27 9 Jan. Jan. 10X Jan. Highest Sale Prices 10 May 21 At Jan. IX Jan. 39X Jan. X IX 40 11 26 X 26% 28 24 29 Sale Lowest Sale Prices 14% Jan. 10 30 2 3 27 2 IX IX 4X 4X 4% 107X 109% 109 24 22 22X Sale At IX 38 X 13X Jan. 9X Jan. At Jan. X 26 Sale IX Highest Sale Prices Sale 10 X Sale 109 22 Ask 4H Jit Merritt Chapman & RANGE FOR YEAR 1940 Lowest 14 13X Sale 28 X 26 2 38 Sale 5 7 15% 18% 2% Sale 2X 2X 4% 5 22 23% Jan. 31 Ask Bid 13% Sale May Hosiery Mills— 50 $4 preferred 5,530 McCord Radiator & Mfg B_ IX 2X 54,100 McWilliams Dredging com—* 8% Sale 7,025 Mead Johnson & Co com * 162X 165X 23,400 Memphis Nat Gas com 5 3,500 Mercantile Stores Co 16 11,200 1,650 50,400 4,175 1,900 74,900 7,500 IN JANUARY Price Jan. 2 6 Jan. 9% Dec. Jan. 4 4 26 4% Dec. 23 39 . 13% 76% 25% 136% 8% Dec. 23 Jan. Jan. Jan. 12 11 3 Apr. 22 May 2 15% Apr. 69% Dec. 2 Jan. 8 9 Apr. 3 Apr. 25 Apr. 25 28% Jan. 25 ilH NEW FEB., 1941] AGGREGATE SALES PRICES 12 Ask STOCKS (Continued) Par Bid 7% 11,300 N Y Merchandise Oo com. .10 8% Sale 3.180 N Y Power & Light $6 pref * 107 4,730 7% preferred 100 N Y Shipbuilding Co— Founders shares 1 11% 13 65,800 N Y State Elec & Gas Corp— 3,000 5% preferred 100 5% 5K -5 8,700 New York Transit 21% Sale 7,440 N Y Water Serv 6% pref—100 713,700 Niagara Hud Pow com 5% Sale 10 86 % Sale 14,875 5% 1st pref. : 100 1,490 5% 2d pref. 100 Class A warrant s 314,400 Class B warrant s 10,500 37,200 Niagara Share Corp class B..6 Shares . — — 660 Class A preferred Nipissing Mines. Noma Elec Corp com Nor Amer Lt & row com Sale pref. . 100 10 25 * Novadel-Agene Corp 86 Sale Ohio common com —--.5 * 15 50 1 1..* * Pacific Can Co common Pacific G & E 6% 1st pref...25 2.50 1 1 * Pa Gas & Elec class A * Pa Pow & Lt $6 $7 preferred.. Pennsylvania Salt Mfg Pennsylvania Sugar Co 13 11 33% 31 89 "5% 20 Sale 31 % 90% 6 21% 4% 9% Sale 20 * Pa Water & Power.. 100 Pepperell Mfg Co— ♦ Perfect Circle com Phillips Packing Co * Phoenix Securities common—1 $3 conv preferred A 10 Pierce Governor Co com * Pioneer Gold Mines Ltd 1 Pitney Bowes Postage Meter.* Pitts Bessemer & L E RR—50 Pitts & Lake Erie RR 50 Pitts Metallurgical Co 10 Pittsburgh Plate Glass com—25 Pleasant Valley Wine Co 1 ""% "~H I* 2% Sale Sale 12 Pratt & Lambert Pressed Metals of Amer Producers Corp of Nev— Prosperity Co B common Providence Gas Co Prudential Investors com May 24 28 10 Jan. Jan. Jan. 31 28 9 89 26% 33% 31% Sale 20% 8* 3* 105 Si* 7% 5% 6% 8 6 Sale Sale 36 11% 1% Sale 7% Sale 10% 3 % 3 11% 6 % 33% 31% % Sale 182 13% 53% 16 Sale 91% 90 Sale 25 4% Sale 5% 5% 118 117 31% 3% Sale 3% Sale 35% 17% 1% 6% 38 Sale Sale Sale % 25% 58% * 93 Sale 21 % % 42 Sale Sale 8 8 6 6 97% Public Service of Colorado— 106% 109 110% 115 90% Sale 50 4% 4% 66 Sale 8% Sale %« % 4% 4-% 8% Sale 8% Sale 21 20 110 Jan. 30 119 Jan. 4 9% Jan. 9% Jan. 23% Jan. 14 8 Jan. 31 Jan. 113% Jan. 5% Jan. 1% Jan. 14 27 2 9 2 10 10 Jan. 9 Jan. Jan. 16 110% Jan. 24 21 Jan. 6 11 21 21 31 2 21% Jan. 21 54 25 17 116% Jan. 13 Jan. 29 2% Jan. 10 28 24 Jan. 6 4 17 22 108 Jan. 29 29 6 3 86% Jan. 9 24 18% Jan. 67% Jan. 15 10 2% Jan. 29 30 20 Jan. 34% Jan. 31% Jan. 34% Jan. 31% Jan. 6% Jan. 13 30 20 32 Jan. 3 3% 5% Sale 6% 27 115 Jan. 8 182 Jan. 7 Jan. Jan. 22 11 May 5% Dec. 20 May 27 May 30 May % Mar. 5 Apr. 5 Dec. 13 Dec. 7 Mar. 29 Feb. 13 Feb. 20 May 6 Nov. 8 Jan. 9 Feb. 28 Jan. 11 Feb. 23 Feb. 6 5% 3% 12% 10% 38 Feb. 27 Jan. 26 Dec. 24 Jan. 8 Dec. 7 36% May Oct. 33 6 21 % Sept. 17 Mar. 21 Oct. ik 8 Apr. 15 May 8 66% Oct. 17 2 Jan. 19 112 Feb. 19 Jan. 18 92 Jan. 11 2 28 Jan. 18 114% Dec. 11 192 9 Dec. 28 53 22 3% Jan. 8 Jan. 6 10 Jan. 16 6 2 Jan. 10 Jan. Jan. Jan. Jan. 25 2 May 24 May 24 3% 4% 13% 29% 2% Dec. June June July Dec. 5 May 20% May 9% Jan. Jan. 2 Jan. 29 Jan, 30 Jan. 31 37 Jan. 4 Jan. 29 2 8 1 Jan. 15 18% Jan. 1% Jan. 6% Jan. 6 Jan. 3 6 Jan. 14 2 45Jan. 30 10 39 43 13% Jan. 96% Jan. 6 9 65 64% Jan. Jan. 29 31 3% Jan. 31 8 8% Jan. 12% Jan. %6 Jan. % 4% Jan. 18% 31% 3% 7% 16 30 4 Jan. Jan. 10% Jan. 12% Jan. %6 Jan. % Jan. 4% Jan. % Jan. 4 70 Jan. 25 3 7 6 16% 72% 91% 28% 13 16 Nov. 23 Apr. 18 Jan. Dec. 13 3 Mar. 14 10 Jan. 2 % Jan. 16 23% Jan. % Jan. Jan. 30 8% 3 Jan. % Sale Jan. 10 4% 2 8% Jan. 8% Sale 2 Jan. 9% 100% 100% Jan. 13 103 2 13 20 10 31 Jan. 9 6 9 10 Jan. 7 110 Jan. 2 8 110% Jan. 24 Jan. 8 21 25 17 24 ip 2 June 24 Dec. 30 July Jan. 8 8 8% Apr. 46% Nov. 20 m Nov. 14 Dec. 3 Feb. 29 Dec. 30 Jan. 6 Feb. 1% Jan. 7 20 1% Apr. 18 15 4% 8% 81% 24% 1% 11 May 29 % May 28 32 May 28 42 10 4% May 21 k Dec. 27 Kt 5% 2% May 21 8% May 23 9% 4% May 27 9% 95 May 24 103 18 zl04%May 16 107 109 June 10 1133 67 May 21 1063 10 35 593 11 May 21 99 52 2 29 6% Feb. 15% Mar. 30 Apr. 1 May 3 % May 21 2% May 22 Jan. Jan. Jan. Jan. Jan. 3 106% Jan. 31% Feb. 21 25 40 7% % 4% 8% 8% 20 31 % Dec. 26 10 4 5 11 15 120 June 27 27 May May May May 8% Jan. 8% Jan. Jan. 10 30 21 21 23 15 June 10 104 1% May 29 3% 7 Sept. 19 11 55 16 8% Sept. Mar. 26 Dec. 17 3 64 3 4% 8% 20 29 17 7 June 53 Jan. 8 7 4 14 21 Apr. % Dec. 97% May 13 103% May 27 zl58%May 9 10% Oct. 2 29 13 Sale Nov. 27 16 57% Jan. 86 Sale 9 20 3 % 36% 38% May 2% May 1% May 11% Jan. 17 13 Sale 9% 9% 11% 13 % % 18 4 Nov. 26 23 15% 34% 31% June 10 108% 100 72 May 24 95% 3% Dec. 20 6% 17% Dec. 20 20 Jan. Jan. Sale 3% 14 17 16 i 45 % 3% Jan. Dec. 13% Feb. 3 28 May 22 26% May 27 Jan, 25 118% 117 31% 30% 31 3% 3% 3% 5% Sale 34 Sale 16% 14% 16% 1% 1% 1% 6% 6% 6% "67Sale" Jan. ' Dec. 9% Apr. 15% Jan. l\H 33 Jan. 111 120 June 12 111 8 % Jan. 9 3 % Jan. 3% Mar. 14 94 2% June 3 Sept. 65 8 3 110% May 23 117 104 May 27 116% June 13 111% 96 8% 5% Oct. 22 13% May 22 39 May 23 100 May 23 117 4% Nov. 28 8% 1% July 22 3% 2 35% Jan. 24 8 3% Aug. 1 May 28 24% May 10 May 24 110% Mar. 12 27 29 112 Jan. June 17 30 20 Feb. May 10 Mar. 27 26% .Tan. 52% Nov. Dec. Jan. Jan. 16 19 26% Apr. 2% May 95 May 97 May 6 May 7 May 12 May 26% June Jan. Jan. Jan. Feb. 5% Jan. 25 3 1% Jan 103% Mar. 28 May May May May 3 2% Jan. 14% Jan. 27 5% 99% 71% 9% 1% June 3% Jan. 23 11 Dec. 13 30 30 8 Feb. 10 % Jan. Jan. 4 *i* Jan. 1 95 21 30 3 12% Jan. 5% Jan. 4i% 29 Jan. 8 116% 2 118% , 15 15 4 2 111 Jan. Jan. 15 3% Jan. 16 21% Jan. 3 110% Jan. 30 22 Jan. Jan. Jan. Jan. 105% Jan. 105% 108 113% 115 95% Jan. 97% 98% 45 Jan. 47% 48% Sale 6 2 21% Jan. 27% Jan. .30 100% 110 22 Jan. 105% 108 112% 115 95% Sale Sale 57 % Jan. 3% Jan. 107% Jan. 51 27% Dec. Dec. 21 101% 105 45 7 6 Jan. [17 12% -- 20 51 20% Jan. 7% 2% 43 May Sept. May 3x4 May 10 Jan. % Jan. 4 Jan. Jan. Jan. Jan. Jan. 6 7 May 60 8 2 Jan. 2% 2% 2% 2% Sale 11% 12% Sale 36 40 64% 64% 65% %6 %5 109 107% 109 112% 112% 113 L77 180% 175 13% 13% 14 53% 56% Sale 89 87 91 86 .% 8i* 3 27 23% 23% 52% % 3% 53 Sale 33 Sale 4 Jan. 60% Jan. 10% Jan. % Jan. 84 Sale 45% 3 6 16 Jan. 31% 93 7% J1J8 Dec. 33 Sale 12% % 2 31 109 34% Sale 8 Apr. 28 IH" 33% 13% 3% 8% 12% % 87 Jan. Jan. 30 65% 3% 60% Dec. Jan. 2% Sale 20% Sale 109% 111% 109% Sale 113% 115% 3 Sale 4% 9% 26% 12 41 11 14 Sale 40 9% 2% Sale 3% 13% 5% 6 3% Mar. 28 23 8% Jan. 3 92 21% Jan. 31 14 6% 35% 34% 32% % 3 2% 2% Sale Sale 13% 44 % Sale 4% 8% % 3% e Sale "r% ~~r% Sale Sale 8 76 16 May 117 20% 21% 107 Sale 1% 10% Sale 16 6% Jan. 13 89 14 % Jan. 16 3% Jan. 14 % Jan. -20 33% Jan. Sale 31% 31% Jan. 107 107% 107 107% 106% Jan. 83 Jan. 82 83 84% 87 4% 5 4% 5 17 18 17 18% 17% Jan. 65 67% Jan. 179 29 Sale 34% Sale Sale 8 4 6% 1st preferred 100 7% 1st preferred 100 440 30,915 Pub Serv of Ind $7 prior pfd—* $6 preferred * 31,375 76* 11 14 34 10% Sale "67% Sale * —* * 200 3 30 3 30 1% Sale * 1 Jan. Jan. 10 Dec. 3% Jan. 79% Jan. 65% Jan. 3% Jan. 57% Jan. 9 Dec. 7% Apr. Jan. i?* 73^ 11 % Dec. 3% Jan. Dec. 28 29 109 Jan. 24 Jan. 62 Jan. 89 3% 20% Sale 109% 109% no * 109% Sale 113% 114% 115% 115% Sale Ho""" 110% 113 6 7% 6% 21% 20% 21% 51 51% Sale 116 116% 115 7% 5% 5% 2 2% 1% % % 110% Sale 112% 113 2% ---20 $6 preferred May 21 22 65 1% 21"" "22" ... Premier Gold Mining....... Prentice-Hall Inc com 11 98 58% 11% % 3% 20% 25% Sale 36 100 6% 1st preferred Sale 32 Sale 34 —* 50 167% 5 24,600 Potrero Sugar com 5 34,000 Powdrell & Alexander com 625 Power Corp of Can com—... * 11,400 67,500 1,050 19,500 18,500 12,700 2,800 53,500 4,750 113% 115 7% 9 2% 3% 111 7.50 12,100 Plough Inc common 475 Pneumatic Scale Corp Ltd—10 25r 24,900 Polaris Mining Co 190 9% 19£ Sale * pret. 1 54,600 Pharis Tire & Rubber Co * 14,300 Philadelphia Co com 590 Phila Elec $5 div preferred—* 25 2,100 Phila El Pow 8% pref 750 8% 19% 47 * $5 preferred 4 17 94 2?* Sale 261,500 Pa Cent Airlines com 450 Pa Edison Co $2.80 pre! 27.740 18,700 69,900 21,000 Sale American shares 1,000 Paramount Motors Corp..—1 10 1,850 Parker Pen Co 38.400 Parkersburg Rig & Reel Co-.l 460 Patchogue Plymouth Mills — * * 5,780 Peninsula Telep Co com. 600 $1.40 preferred.. —25 2,600 Penn Mex Fuel common..-50c 1,300 Penn Traffic Co 453,100 Pennroad Corp com 28% Jan. 30 107% Jan. 16 7 Jan. 2 42 Jan. 118 119% 115 8% 8% 7% Sale 16% 18% 35% 36% 6% 14 % 100 6% 1st pref. 5)6% 1st preferred.. .*. —25 Pacific Lighting $5 pref * Pacific P & L 7% pref 100 Pacific Public Service com * 300 $1.30 1st preferred—--—* Page-Kersey Tubes common. _* Pantepec Oil of Venezuela— 20,200 1.068,600 70,050 23,200 101,200 44,600 3% Sale * 107 98% 98% 100 Power 6% preferred-.100 Pub Serv 7 % 1st pref. 100 8,235 Overseas Securities Co 375 Sale * 3,050 Omar Inc 10,210 2,233 7,128 4,170 1,075 24,850 7.200 1,250 52 Ohio Edison $6 preferred Ohio Oil 6% pref— 5,100 Oilstocks Ltd 536.600 24% 4 Ogden Corp common Ohio Brass class B 31 Jan. 57% 10% % 3% 5 100 Northwest Engineering 86,700 Oklahoma Nat Gas $3 pref erred. 12,150 $5.50 conv pref 9,000 2,600 91,100 16,400 3,460 1,405 2,600 . Jan. 88 50 7 May 28 9% Mar. 11 Jan. 19 98 May 23 109 6 103% May 25 118% Jan. 6 4 20 23 %6 3% 3% * 7% preferred 21 7% Jan. 28 105% Jan. 3 116% Jan. Jan. his Jan. * Northern Pipe Line Nor States Power A Highest Sale Prices 7% Jan. 104% Jan. Sale % Nor Amer Util Sec com Ohio 79% 1 North Cent Texas Oil Lowest Sale Prices 107% 106 7% 6% 6% 35% 37% Sale 2% 2% Sale 75 75 75% 62 $6 preferred. Nor Ind Pub Ser 6 % 6ih Sale 78% Highest Sale Prices 106 107 6% 7% Sale Sale 23 28% 26% 106 % Ask 114 * 6% prior preferred Lowest Sale B...1 .5 1 North Amer Rayon clA Class B common 97,600 11,575 4,500 15,400 2,420 1,645 1,375 - 114 >3 -100 - Niles-Bement-Pond com Nineteen Hundred Corp 7 105 Ask Bid 7% 7% 105 106 Bid Sale Prices Jan. 31 Jan. 2 1940 1940 37,500 2,600 30,900 16,700 254,200 33,325 17,200 6,180 4,794 3,920 4,700 4,115 2,740 12,700 86,600 11,300 18,500 RANGE FOR YEAR 1940 JANUARY Jan. 2 CURB EXCHANGE Months IN Price YORK NEW 47 CURB EXCHANGE YORK Jan. Feb. 4 1 Jan. 24 Apr. 8 Jan. 13 Mar. 9 Feb. 13 June 4 Jan. 5 Feb. Apr. 7 6 Oct. 4 May 14 Mar. 19 May May 3 3 Public Service of Oklahoma— 6 % prior lien pref— 100 2,170 7 % prior lien pref 100 1,000 136,250 Puget Sound P & L $6 pref—♦ $5 prior preferred * 65,050 86,200 Puget Sound Pulp & Timb— * -5 650 Pyle-National Co com 10 10,300 Pyrene Mfg For footnotes see page 53. 103% 104% 110 Sale 110% Sale 57% Sale 109% Jan. 109% 110 109% 110% 109% Jan. Sale 53 53% Jan. Sale 101 102 Sale Sale "6% 16% 8% 6% Sale 16% 11% Sale 16 8% 7 Sale 17% 11% Sale 101 Jan. 30 67% Jan. 2 112 Jan. 6 4 16% Jan. 31 8% Jan. 6 6% Jan. 2 7% Jan. 16 99 June 111 Nov. 28 113% May 9 13% May 28 62% Dec. 19 58 May 21 105% Nov. 29 11% Jan. 26 29 May 10 7% May 22 10% Apr. 12 4% May 28 7% Mar. 7 104% June 48 NEW YORK CURB aqqreqate sales In prices in january NEW YORK CURB EXCHANGE Months 12 January Shares Shares Jan. 2 1940 STOCKS (Continued) 6,820 Quake r Oats com 3,760 6% preferred 1,875 Quebec Power Co Par Bid Ask * 117 118 100 150 153 - 350 125 range for year 1940 Price Jan. 2 1940 690 EXCHANGE * 12)4 16 1 Jan. 31 Ask Bid Bid 101 Sale Lowest Ask Highest Lowest 102 101 158)4 164 150)4 8 8)4 9)4 Sale Prices Sale Prices 100 Jan. 30 105 Jan. 7 Sale 150)4 Jan. 11 9 31 159)4 Jan. 4 9)4 Jan. Jan. Highest Sale Prices Sale Prices 94 June 10 125 Feb. 9 142 May 21 15954 Dec. 20 8 13 Feb. 16 May 21 9 7 Radio-Keith-Orph eum— 10,500 59,400 Option warrants 7,520 Railway & Light. Securities —* 3,983 Rys & util invest cl A com—1 650 100 9 We Sale 7)4 We • x 6)4 Sale We We 7x Sale We Jan. 6)4 Jan. We Jan. 30 We Jan. 2 30 7)4 Jan. We Jan. 15 15 Raymond Concrete Pile— •2,800 13,950 1,420 6,100 10,400 12,725 5,100 19,900 4,700 706,200 8,800 3,700 36,300 300 5,400 700 600 ""400 300 16,000 400 400 900 6,600 Common $3 conv pref Raytheon Mfg * * —50c com 12 54 z5x Red Bank Oil Co Reed Roller Bit Co * * Reeves (Daniel) com Reiter Poster Oil Corp Reliance El & EngCo * 50c 5 1 Republic Aviation Corp Rheem Mfg Co.. .......1 Rice Stix Dry Goods Co. * Richmond Radiator com 1 Rio Grande Valley Gas Co— Sale 37)4 44 Sale % Sale 2% Sale 25)4 Sale 5)4 6)4 x Sale 13)4 15 6 Sale 1 21 2154 5)4 4)4 17* 16 5)4 13)4 Sale 14 5)4 154 Sale "6" ~~m 154 Sale 5 2)4 13)4 Sale 45)4 48 154 Sale 1X Sale 19)4 20)4 4)4 5 We x 15 16)4 4)4 Sale 1254 13)4 454 5 1)4 154 13 Jan. 44 30 2 20)4 Jan. 30 We Jan. "7 Jan. 30 31 4)4 Jan. Jan. 6 4)4 Jan. 154 Jan. 200 45)4 Jan, 1)4 Jan. 1)4 Jan. 17)4 Dec. 3 45 Sept. 30 Jan. 14 "4 May 22 Dec. 4 Juiy 24 May 27 July 8 1X Feb. 24 2)4 Jaa. 2 2654 Jan. 10 Jan. Jan. Jan. Jan. )4 X 16)4 4)4 >We Jan. 23 7 23 5 2 36,100 Voting trust etfs 1 )4 Sale x We We Jan.1 6 We 5,375 Rochester G & E 6% pf D„ 100 105)4 106)4 105 106)4 105)4 Jan. 3 106 225 6% preferred C 100 105)4 106)4 105 106)4 Rochester Telephone Corp— 6 x% 1st pref 10 100 115 114 125 114 125 * 1,200 Roeser & Pendleton Inc 15 11)4 12 12 12)4 Sale Jan; 311 13)4 16,100 Rome Cable Corp common—5 Sale 11H Sale 9)4 954 954 Jan. 18 10)4 14,900 Roosevelt Field Inc 5 2 254 154 2H 2)4 Jan. 29 254 2x 17,100 Root Petroleum Cocom 1 3 Sale 1 Jan. 23 154 1)4 Sale 1)4 $1.20 conv preferred 4,900 20 4 4 5 7)4 9 4)4 Jan. 14 454 18,800 Rossi a Tnternat Corp. .* x x x Sale x Jan. 7 x 100 Royalite Oil Co Ltd * 9,550 Royal Typewriter com * 56 54 60)4 63 58 58 55 Jan. 7 57 7,500 Russeks Fifth Ave Inc 2.50 3 354 454 354 354 4)4 4,700 Ryan Aeronautical Co— 1 4)4 354 Sale 354 Jan. 31 4 )4 —* 21,800 Ryan Consoi Petroleum Sale 2)4 Sale 2)4 2)4 Jan. 16 2)4 Ryerson & Haynes Inc com 26,200 1 Sale 1. 1 x Jan. 11 1,400 St Lawrence Corp Ltd 4" Sale * 3 2)4 A $2 conv preferred--.—.50 330 15 Sale 9 9)4 14 12)4 St Regis Paper Co.. 496,000 5 2 x Sale 3)4 Sale 254 Sale 2)4 Jan. 21 254 7 % preferred 100 21,000 57)4 Sale 79)4 Sale Jan. 30 75x 7854 78 8054 1 127,155 Salt Dome Oil Co— 7 x Sale 354 Sale 2.x Sale 254 Jah. 30 354 15,300 Samson United Corp com .1 x 1 x 54 Jan. 6 54 a* 900 400 !8 6,400 300 1,300 '""700 500 1,400 . 20,900 575 9,700 > 10* — "750 $ - 200 80 Sanford Mills """500 ——* 5 «* 1,500 Savoy Oil Co 8,200 Schiff Co com 5,400 Schulte (D A) Inclcommon—1 Conv preferred 125 25 25 69,300 ScovillMfg Co 10 Scranton Eleci$6 pref 400 9,700 1,550 3,100 """"40 * 1,450 Scranton Lace Co common Scranton-Spring Brook Water 2,375 m Service f6 preferrek * .* 40,212 Scuilin Steel Co common Warrants 70,600 10,700 Securities Corp Gen'l com—.1 _* 2,000 Seeman Bros common 454.299 Segal Lock & Hard ward com—l —* 54,000 Seiberling Rubber com ♦ 5,100 Selby Shoe Co com 90,600 Selected Industries.Convertible stock 5 19,450 $5.50 prior stock 25 11,150 4,725 7,200 17,100 200 300 19,700 2,600 100 3,900 2,450 1,050 300 Allotment certificates 9,900 36 1 39 1)4 1254 12 29)4 30 Sale" 13* 14 Sale # Sale 27 28)4 115 23"" "24" "22" 19)4 84 8)4 10 1 Sale 54 1 39)4 Sale 54 x 8)4 Sale 54 Sale 554 6)4 51)4 54)4 54)4 Sale Selfridge Prov Stores, Ltd— American dep rets reg £1 94,700 Sentry Safety Controlx x Serrick Corp class B com -1 2,100 l, A5* ♦ 2,800 Seton Leather com 754 9 5 78,925 Shattuck Denn Mining. 5)4 Sale 10,600 Shawinigan Water & Power. _* 18)4 18)4 25 56,350 Sherwin-Williams Co com 94)4 Sale 5% cum pref A A A 10(0 113)4 Sale 3,420 1,100 Sherwin-Williams of Can 10)4 Sale 14 Sale 1,900 Silex Co (The) common Simmons-Boardman Pub Corp conv pref 550 260,200 Simmons H'ware & Paint Co—* 1 21,800 Simplicity Pattern Co * 100 Simpson's Ltd B stock 100 152 154 12,060 SingerMfg Co Singer Mfg Ltd— Am dep rets ord reg shs £1 2 2,700 2)4 320 Sioux City G & E 7% pref.100 5 1,100 Skinner Organ Co common 88 28 115 21 nnH 12 14 200 500 54 )4 Jan, 14 Jan. 2 Jan. 29 21 Jan. 23 Jan. Jan. 16 Jan. Jan. Jan. Jan. Jan. 17 Jan. 2 2 Jan. Jan. 7 16 Jan. Jan. Sale 10 Sale 28 Jan. 6 2 18 23 20 Jan. 9 84 Jan. 12 Jan. 13 1)4 154 54 v 35)4 40 % Sale 35 3)4 8)4 9 2)4 Sale 43 44)4 46 42)4 Sale Sale 2,200 600 5,100 350 ""25 50 400 800 "740 400 20 i8 —- 100 Solar Aircraft Co common Solar Mfg Co 1 6~306 100 13,600 54,900 9,000 19,900 36,200 24,600 2,270 10,900 5,500 600 3",000 2,200 60 100 7% preferred 150 South New Engl Telep Co 3,100 Southern Phosphate Co 25,600 Southern Pipe Line.. 2,2900 Southern Union Gas com Preferred A 1,225 38,000 Southland Royalty Co.. 20 900 400 700 . 25 - 400 1,000 160 1,400 300 100 9,400 1,000 400 900 100 9,800 7,100 3,425 7,600 22 Jan. 13 Jan. 23 Jan. 28 Jan. 11 1154 37* 3^ 9x 3 Jan. 16 3 6 25 10 254 Jan. 11 2 6 35 37 Jan. Jan. Jan. Jan. Jan. Jan. 45 Jan. 42 Jan. 45 Jan. 10 1,600 , see page 53. Sale 13 74 Jan. 115)4 Sale 109 854 6)4 8)4 Sale 13 8)4 14 109 7 Jan. 21)4 254 ix 24 3 154 107)4 Sale 154 22)4 254 1 112 2 24)4 2)4 1)4 114 2)4 Jan. Jan. Jan. 30 Jan. 8 Jan. Jan. 2 20 Jan. Jan. 31 7 23 4 )4 11 16 31 80)4 2 115)4 Jan. 2 13 10 107)4 Jan. 2 Jan. Jan. 3)4 54 154 354 6 Jan. 2 23)4 Jan. 2)4 Jan. 154 Jan. 13 2 11354 Jan. 30 10 2 25 104 14 30)4 Jan. 29)4 Jan. 9 10 4454 31)4 Jan. 29X Jan. 13 10 46 100 162 170 Jan. 9 )4 Jan. 3 46 19 16154 4)4 754 2)4 ""4)4 ""5)4 254 25 21 'a* it* 41 Sale 5 37)4 24)4 1)4 654 21)4 23 254 2)4 12 Sale 2 165 Jan. 4 Jan. 5)4 Jan. 16 8 Jan. 29 Jan. 31 Jan. Jan. 30 11 Jan. Jan. 54 3)4 )4 1)4 Jan. 39 54 Jan. 10 5 9 28 10 30)4 Jan. Jan. 9 Jan. 2 9 We Jan. X Dec. J* \ 1)4 1 14* Sail* 19)4 Sale Sale^ 14 4)4 14)4 14)4 " 2 12)4 Jan. 24 1)4 Jan. Jan. 27 1 We Jan. 3x Jan. 14 Jan. 17 2 2 li* Sale Sale 108)4 % Sale x 9)4 Sale h 1)4 a 27 ▼1 We Jan. 554 Jan. 15)4 Jan. 17 14 10 "3 2 Jan. 18 Jan. 14 9 Jan. 14)4 Jan. 27 Jan. 28 854 Jan. 28 Jan. 30 2054 Jan. 13 Jan. 25 40)4 Jan. 6 7 108 Jan. ^an. 9 2 X Jan. We Jan. 2 9 x Jan. We Jan. 13 19 40 3 Jan. 154 14)4 12)4 10 854 Sale 19)4 37)4 107 x Sale 10754 Sale We 4x 15)4 1 1 '1)4 Jan. 2 Jan. We Sale 154 . Jan. 18)4 22 1754 22 8 30 154 Jan. ix 7 J Jan. 30 30 22 Jan. Jan. 15 22 We Jan. 27)4 Jan. 1)4 Jan. 8 7 23 9 W Apr. 16 Mar. 26 Jan. 8 Oct. Jan. Apr. 19 20 35 it* 2 7 Nov. 22 X Jan. 4 6 Nov. 7 Mar. 12 44* ♦ 1)4 Dec. *7)4 Dec. 21 31 Apr. 25)4 Nov. 25 5)4 Oct. 18 IX Apr. 24 170)4 654 1154 4)4 July May Aug. 9 Jan. Jan. 10 Mar. 7 72 14)41Jan. 14 Apr 12 Apr. 10 48 2 Mar. Dec. Jan. 30 Dec. 30 Mar. 9 Mar. 13 Jan. 2)4'Jan. We Sale 1 54 Jan. 6)4 Jan. 5 59)4 Apr. 23 60 Apr. 6 30)1 454 Oct. 23 2 5 16 2 V* 164 4)4 May 20 2 Jan. 2)4 May 7 105X Mar. 11 Feb. 21 3X Dec. 23 3 154 Jan. Apr. 4 Apr. 2 95 Jan. Jan. Jan. 20 11 954 Mar. 26 Aug. 19 155 7 Apr. 30 1)4 Mar. 8)4 Jan. 99 Jan. Jan. 21 Jan. 10 1)4 Jan. 24 H June 10 66 10 2)4 9 6 9 40 54 Dec. 30 1 5 23 May 18 83 554 Sept. 12 3X May 21 63 10 18J May 31 62)4 June 10 100 106 May 21 1143 554 May 29 113 8 153 May 21 May Dec. Dec. Dec. Jan. 3)| May X Dec. 27 May 24 X May 35 May )4 Dec. 6 Dec. 14 1354 Nov. 14 154 Nov. 12 1 Apr. 5 We Jan. 154 July 25 3 17 95 1 10 Jan. Jan. Dec. 25 54 Jan. 154 Jan. 3)4 Jan. )4 Jan. Aug. 29 May 28 May 28 Jan. 4 154 Jan. 18 Dec. 31 Nov. 18 Jan. 30 45)4 June 10 54 3)4 8)4 X 7 25 2 154 35 24 25 13 Jan, Jan. Jan. Jan. 74 * 54 Jan. 4 154 Jan. 30 4)4 254 30)4 Sale 2954 30)4 64 10 20 30 23x Jan. 254 Jan. ix Jan. 104 ..... 100 common ♦ 22,700 $7 preferred * 3,220 Standard Products Co. 1 28,800 Standard Silver Lead -.1 42,100 5 36,600 Standard Steel Spring Co Standard Tube class B 1 3,100 Standard Wholesale Phosphate & Acid Works.. 20 400 For footnatee 4X Jan. 1054 Jan. 154 1)4 154 Sale Class B 350 200 300 75 28 June 24 454 May 21 We May 21 X Oct. 17 Jan. Jan. 54 3)4 8)4 x 2)4 4154 x Jan. 154 Jan. 554 Jan. 44 Jan. 36 11)4 4)4 2)4 Common 1 7,900 154 $1.60 conv preferred .20 1,850 11)4 Stand Invest $5)4fpreferred_-* 10 6,250 10 76,400 Standard Oil (Kentucky) 20)4 25 32 87,600 Standard Oil (Ohio) com.. 5% preferred 100 10754 4,300 1 420.300 Standard Power &lLt com.. 300 200 1 5 South Penn Oil 25 37,600 So West Pa Pine Lines 10 3,200 1 16,900 Spalding (A G) & Bros Inc 5% 1st preferred * 4,740 Spanish & General Corp. Ltd— Am dep rets ord reg sha 800 £1 —* 10,700 Spencer Shoe Corp Stahl-Meyer Inc com —* 1,200 —* 2,200 Standard Brewing Co 1 60,000 Standard Cap & Seal com Conv preferred 10 20,450 Standard Dredging Corp— 1,500 4,500 Sale Sale 78 it 11 111 1 Sonotone Corp 1 Soss Mfg Co 1 South Coast Com com 1 Sou Calif Edison 6% pref B—25 5)4 % pref class O 25 5% original pref.— 25 Southern Colo Power cl A 25 40 ' 554 6 54 4)4 Sale 10)4 1054 154 6 ,6% 115 1)4 Jan. 54 Jan. Jan. X Feb. 16 Oct. 17 6)4 Apr. 9 1954 Mar. 27 5)4 Jan. 4 2)4 Apr. 6 Feb. 9 116)4 Feb. 9 May 21 14" Oct. 29 May 21 Jan. 2 Jan. 18 Mar. 8 Dec. 27 3 Feb. 6 Dec. 24 7 Jan. 5 5. Apr. 12 Feb. 24 Dec. 28 13 Dec. 28 June 10 65 Mar. 20 5 May 15 Mar. 7 Dec. 20 5 July 12 3 Dec. 12 May 15 2 May 22 Feb. 5 8 Aug. 4)4 Jan. 24 May 17 15)4 Apr. 30 May 21 4)4 Apr. 10 Dec. May 28 82 4 Dec. 5 'May 6 Dec. 18 Jan. 24 Dec. 3 Jan. 18 1 6 Aug. Jan. 26 14 May 22 Jan. 17 Dec.' 27 Dec. 31 Dec. 28 Dec. 23 May 21 34 May 13 Dec. 26 116 Dec. 28 6 29 X Mar. 13 July 14 Jan. 6 18 Oct. 21 We Jan. 25 May 28 107)4 Dec. 9 May 21 105 Nov. 8 16 7 23 7 Jan. 3 3)4 Aug. 13 1)4 May 22 23 29 45 Is 4 June 11 May 21 12 X June 2 22 Jan. Jan. 1454 Sale 43 — 10 14 100 1,200 - 29 103)4 Sale 12)4 Sale 154 Sale 54 x 36)4 40 54 Sale 2\ 25*" 13* 10* 16 6)4 May 22 34 May 17 154 Jan. 2 14 Feb. 10 24 28 10 X 16)4 5)4 14)4 2 Jan. 16 Jan. June 20 Feb. 6 103 21 Jan. % Jan. 1 17 . 50 j 16)4 Sale We Oct. 30 5)4 June 13 We Dec. 20 9 31 3 Mar. 16 Jan. 23 Apr. 9 May 1 May 1 Apr. 29 Jan. 3 Feb. 24 Mar. 21 Apr. 2 We Jan. 2 2)4 Mar. 21 2 Jan. 4 23 Vj'Dec. 27 Dec. 6 1654 Mar. 23 lll541Dec. 5 24 1 May May June May May 8)4 7)4 16)4 2634 100)4 June X June Mi®Aug. 17)4IDec. 6 May We Apr. 19 1 May Jan. 15)4 May 28 Mar. 15 2)4?Nov. 8 14 X Nov. 14 11 Mar. 20X Feb. 4154 May 111 Oct. 54 Jan. X Jan. 27)4 Jan. 10)4 Apr. We Jan. 40)4lJan. 1)4 {Feb. 21 1 15 8 16 3 10 11 12 15 3 8 Feb. 29 AGGREGATE PRICES IN JANUARY SALES YORK NEW In 1940 Share» Shares 2,700 700 loo 3,700 200 1,700 550 500 3,500 600 8,400 200 400 50 1,900 4,600 2,900 8,700 120 900 650 1,200 200 25 900 10,275 Stetson (John B) Oo 4,000 10,500 13,300 11,900 133.399 5,750 11,500 Stlnnes 280 40 '2~,400 1,400 4,500 4,100 100 3,500 1,600 1,100 600 4,000 100 "2,§65 300 5,900 100 3ij65 3.200 150 19,000 4,000 1.500 10 8,000 1,500 8,200 175 154 Sale -20 ...1 ...5 954 954 .—1 1 -.50 -.25 1 * 2,000 United Elastic Oorp.........* ......1 528.200 United Oas common $7 1st non-voting pref.....* 56,800 Warrants.. ....... 55,900 570 United G A B 7% pref—-—100 United Lt A Power com A—* 248,600 Common class B * 80,400 $6 1st pref... ...——* 247,100 1,025 United Milk Products com—.* $3 participating preferred..* 152 United Molasses Oo Ltd— Am dep rets for ord reg—— iep r, 1,500 "5", 565 300 3,400 2,400 200 700 9,300 400 300 12,900 650 1,800 400 1,600 1,650 600 350 100 500 5,100 425 9",565 6,700 620 1,000 3,700 1,200 Preferred-....—.—..—25 40.600 United Specialties common...1 176,500 U S Foil class B 2,800 U S Graphite Oo common..—5 29,500 USA Internet Sec com.....* 1st preferred with warr....* 18,940 U S Junes Inc pref * 151,800 U S Plywood $1.50 conv pref 20 26,500 48,700 U S Radiator common....... 1 U S Rubber Reclaiming..—* 38,800 U S Stores Oorp com -50c 1,300 $7 conv 1st pref— * 390 700 100 3",265 54 —.1 ,—8 Universal Pictures com... .—1 * Universal Products Co.... Utah Idaho Sugar Co.... ...5 • Utah Pr A Lt $7 pref——. 47,900 4,400 19,700 2,600 115,300 3,690 7,700 29,300 V a is par Oorp common. $4 conv pref 1 —.5 Van Norman Macb Tool com .5 New common...—....2,50 Venezuelan Petroleum— 1 Virginia Pub Serv 7% pref. 100 Vogt Mfg Corp...— —* Vultee Aircraft Inc..———1 954 6354 7,700 4,500 21,200 3,600 11,100 For footnotes preferred. Wayne Knitting Mills 5 Wellington Oil Oo common... 1 see page 53. 5X 6454 30 4 30 15 14 Sale Sale 9H 7 14 Jan. 1 55 4X Sale 4 7i Jan. 21 Jan. 13 86>| Sale Sale 112X 114 Sato 10854 Sale 115 107 ^4 2 11 Jan. 25 12 Jan. 21 11 6X Jan. 15 7X Jan. 27 5 3X Jan. 8 25 Jan. Jan. Jan. 21 9k Jan. Jan. 31 11354 Jan. 3 Jan. Jan. 27 Jan. 30 19X Jan. SX Jan. Jan. 31 X Jan. Jan. 17 8 Jan. 53 Jan. Jan. 17 4X Jan. 3 28 6 23 2$ 2H A 10* 4 k ryX Sato 754 10 2X Jan. % Jan. 4 SX Jan'. 29 654 39' 38 IX $ Sale 7 1 7k . 654 Sale 3554 37X IX 254 7X Sale July v 2X Jan. X Jan. 854 Jan. 40k Jan. 2X Jan. 7X Jan. 13 10 24 454 Jan. X Jan. Apr. 4 Apr. 26 Apr. 15 Jan, 7 Jan. 3 54 Dec. 2 May Jan. 3954 Feb. 21 4 354 Jan. 20 154 Dec. 654 May 21 May 21. Nov. 3H"Jan""I6 Jan. 9 9 9 Jan. 9 ' 6H 1354 59 SX Jan. 14 21 9% Jan. 3 11X Jan. Sale 23 11X Jan. 23 Jan. Jan. Jan. Jan. Jan. 3 Jan. Jan. Jan. 9 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 61 X X 754 X Sale H 110 X Jan. 85 26' 4H 5H ...- 2X '4 Sale" 454 454 Sale 3X 255 246 5* 83 HI # 61 Sale 3 54 Sale 30 Sale 18 §8 8^ 5X Sale 754 57$ Sale^ 3X Sale 28 29 2 Hi Sale 2X 3X 7* X Hi IX Sale 554 4 3$ *5# 1H Sale 62 Sato 1 Sato Sale Hi Jan. 7$ 5A' 6 21 HI 15X 1654 IX 77 X ~ Sato 2354 Sale 17 X IX 78 Hi Jan. 3 Jan. 13 4554 Jan. 18 10 Jan. 10 554 Jan. 8 24 61 - 5X Sale 4k Jan. 22 8 6 X 57X X 5854 Sale 3 Hi Jan. 28 5654 Jan. 2 Jan. 8 2SX Jan. 6 Jan. 21 3X Jan. X Jan. 4 3 2854 IX 29X 2 2 2S A 3X X Jan. 20 6154 Jan. 15 Jan. 4 13 2954 Jan. 22 254 Jan. 10 354 Jan. 11 54 Jan. 3 554 IX Sale a 3 A Jan. 154 Jan. 554 Jan. Jan. 1 654 Jan. 3 13 8 Jan. 2454 Jan. 25 1454 Jan. 1654 Jan. 1754 Jan. 29 Hi Jan. 154 Jan. 5 * 5X Sale 24X 2554 14 1554 16 H 17k 154' IX 7954 80 X Jan. X Jan. 5X Jan. 23 1654 Jan. 6 4 Jan. 8 83 k Jan. IX Jan. 78 2 13 JP Jan. X Jan. Sale 48" 154 IX 19 X 26 'Vx'Tx 75 1054 Sale 72 1 IX 19 X Sale 14X 90 10 SX 6* 254 "ix 654 1054 S*A 49 i«:Jan. IX Sale 20X 18 1454 14 k % Sale 91 Sale 9X Sale 6 k Sale 1 19 Jan. Jan. 8 154 Jan. 8 3 6 1454 Jan, 30 54 Jan. 6 Jan. 2 954 Jan. 31 65s Jan. 29 5 1 2 10 15 90 X k 1354 15 Jan. Hi Jan. Apr. 24 Mar. 30 Jan. 3 Feb. 14 Jan. 4 July Jan. Jan. Jan. 30 Jan. 1654 Jan. X Jan. 9354 Jan. 25 10 6 14 Jan. 9 854 Jan. 6 454 Jan. 9 11 Jan. h Jan. 17 15 % Jan. 20 Jan. Jan. 17 15 7 254 Jan. 16 Jan. 1454 254 154 Jan. 154 Jan. 9 Apr. 7 Apr. 6 % Dec. Dec. Feb. _ 354 May 22 3 May 23 Hi Dec. 26 June 21 154 May May 1 May 254 Feb. H, Jan. 25a Dec. 26 21 23 23 2 27 12 July 29 Dec. 6 Aug. 13 May 22 May 20 15 May 27 4 May 24 1454 May 21 H 154 354 54 254 1 Aug. 19 48 54. May 28 2 Jan. 7 54 Dec 38 June 30 5 Hi Dec. 26 154 May 21 16 21 54 May 21 July 18 May 1454 Dec. 54 May 63 May 7 May 654 July 28 28 18 22 23 12 3 5 74 15 21 17 28 May May Apr. 354 June 54 July Hi July 25 1254 May 28 154 Oct. 19 9 X 11 3 2 Dec. 26 Dec. 21 554 Feb. May 16 24554 Nov. Feb. 54 Jan. 8 6 Nov. 27 Apr. Jan. 54 May 18 Dec. 3954 June 5 954 Nov. 354 May 21 154 Jan. 24 22 854 92 7. 5 1 3x May 10 Apr. 17 % 47 3 Feb. 6 Feb. 29 Jan. 18 1654 May 20 May ""54 Jan" "27 3 4 76 a xk 15*/ Sale 2 Jan. 48 4954 miX "ix 18 25 454 Dec. 1354 354 6454 1554 854 May 5954 May 54 May Hi Nov. 654 Jan. 54 Dec. 8754 June 54 Dec. 79 May 1H Feb. 27 IX Hi Jan. 1 ix 52 X Sale 22 21 18 15 239 — - 5* *a 19 May May 6454 Jan. 554 Jan. 11 654 Apr. 29 154 Jan. 11 1 Jan. 5 2 3X IX 245 Jan. Sato x57X Sale x57 Jan. 31 45 Jan. 13 Sale 45X 45 SX 8k SX Jan. 3 SX SX 58 X 45 X 5X '""312 "*li 9 13 10 17 16 16 10 21 Feb. Jan. 8 70 2054 Jan. 2354 Jan. 34 Hi Sale 22 24 54 68 78 ...- Jan. X Jan. X Jan. 17 3 454 May 22 20 May 22 Dec. 30 Jan""l6 31 1054 Jau* Dec. 2 9 7X Jan. 8 Jan. 20 Apr. 25 Dec. 26 Mar. 6 Jan. 9 Hi Nov. 7 31 Jan. 26 May &°ct. 8 9 2 Jan. 1054 Rfar. 54 Apr. 55 May 95 May 104 May % Apr. , 8 Apr. 8 Apr. 8 Apr. 26 54 Dec. 354 May Jan} 22 9 19 Jan. 2 Jan. 23 Feb. 8 Mar. 20 Oct. 1 Nov. 485? May Jan. 654 Jan. 31 36k Jan. 30 954 Jan. 854 May 103 May 2 May 1254 May 7 July Hi Jan. 1 13 1! i \ Dec. 254 May 8 354 Jan. 30 X Jan. 9 10 H Sale 33 54 Sale Dec. 31 10 82 Jan. 30 98 Jan. 4 108X Jan. 107k Jan. Jan. 11354 Jan. 22114 31 11 29 454 Jan. 10 54 Jan. 1854 Dec. 1354 Apr. 15 Apr. Jan. Jan. Jan. Hi Jan. 354 11 13 28 % Jan. 2 Jan. 28 14 3 9J4 2 41 Jan. 10 3 17 454 40 954 Apr. 23 Feb. 1$ Oct. May Apr. Jan. 12 Feb. 19 36 26 2X Jan. 23 23 Feb. 20 62 15 254 May 27 % Mar. 1 7 54 May 25 654 May 21 8 May 23 154 June 11 33 54 Feb. 23 21 May 28 4 24 26 54 Aug. 20 154 Dec. 23 2 14X Jan. 9 lOMJan. 6 IX Jan. 3 IX Jan. 311 39X Jan. 22 39HI Jan. 22 5 154 Jan. May 18 554 Jan. Jan. 9X *9654 Jan. 33 6 11X Jan. 8k Sale 112X 3 2k 1654 17X 1854 7X Sale 7X X X % 55 53 45k 4 4 3X SX 9 10 Sale % 20 13 20 23 3X Jan. 23 H 8 23 Jan. 8h Jan. X Jan. IX Jan. x 12X 7X Sale Sale 3X 24 k 24X Sale 954 113 X 114X 11254 254 2X 3 Jan. 3X „ Sale 27 3X 3 3954 June 27 1054 June 5 2 May 21 20 10 6 % May 21 9 754 Jan. X Jan. IX Jan. IX Sale 41X 25 17, 22 Jan. 3 3954 4254 Sale 12 Sale Prices % Jan. 9 Hi Sale ---100 Waitt A Bond Inc class A * Class B —• Walker Mining...—....... 1 "ix "ll- Highest Sale Prices 12 20 Jan. Lowest Sale Prices Jan, Sale 11 12 10 254 14 13* 14 X 11X Sale 113 -* 28.810 Waco Airfraft Oo 7,500 Wagner Baking com v t C——* 7% X 13 X I. X Jan. 12 2k Jan. 3 42 11 Sale 3X 53 60 454 Sato ... Universal Oorp v t c... Universal Insurance 1 100 Utah Radio Products com 10,200 Utility Equities common...10c $5.50 priority stock.—.... 1 5.825 5,000 Utility A Ind Oorp com......5 Conv preferred....— 7 29.400 90 1,000 Class B Sale 10854 11054 254 Sato 1854 20 H54 11 x ..50c 20,400 United Stores Oorp com.. ....2 173.600 United Wall Paper—.... * Universal Oooler class A.. 900 1,300 126,000 2,900 13,200 8,850 66,200 16,900 6H Sale Common —... 1 51,200 Class A.... ..........1 20,050 19,900 Tung Sol Lamp Works com..l 80-cent div pref.———* 9,900 — 3X X 3954 Sale 300 . 5a * 12,570 Todd Shipyards Oorp— 1,560 Toledo Edison 6% pref....100 670 7% preferred A.........100 800 Tonopah Belmont Dev....10c 1 11,600 Tonopah Mining of Nev 48,200 Trans-Lux Pict Screen com..l 59,400 Transwestern Oil O0.....-.IO 51,200 Tri-Oontinental Oorp warr_.__ 500 Trunz Pork Stores Inc.—----* Tubize Chatillon Oorp— —.......1 297.700 Udylite Corp 7,200 tUlen A Oo series A pref...—* Series B pref — 800 51.200 Unexcelled Mfg Oo Inc.....10 6,000 Union Gas of Canada.......* 1,100 Union Investment Oo com—* 25 Union Stock Yds of Omaha.lOO 175,500 United Aircraft Prod..—...1 United Chemicals Inc— Common..... * 11.700 $3 cum partic pref...-.—.* 1,800 Un Cigar-Whelan Stores..-10c 587,770 93,800 United Oorp warrants.. h IX 28 6 12 HI shs—£1 United Shoe Much com...—25 1,1751 10,500 SX 7X % IX 38 35 * _ 7,600 '6k Tobacco Prod Exports— * Tobacco Secur Trust Oo Ltd— Am dep rets ord reg Am dep rets def reg. 2X 38 X Sale 10 1115 12X Highest Sale Prices X 11 x X 154 3454 33 - Tilo Roofing Inc Sale 2 34 54 ♦ 1 60,200 Taggart Oorp com 29.100 Tampa Electric Oo .———* 188.400 Technicolor Inc common... 970 Texas P & L 7% pref 100 2 20,800 Texon Oil & Land Oo 35,150 Thew Shovel Oo common....5 Tishman Realty A Oonstr Tobacco A Allied Stocks 9X 1054 12 54 11 — 150, United N J RR A Canal—100 17.6001 United Profit Sharing com.25c 200 10% preferred -10 "i",o6o 25% """54 """54 Oo Inc 554% coqv preferred... Superior Oil Oo of Calif— 50 Superior Portl Oement B. 5.500 Swan-Pinch Oil Oorp..... H Sale 3954 43 12 1254 3 334 38 43 654 854 Lowest Ask 354 2 2X _ . *«* Bid Bid 8 -5*2 -.1 com.. Sun Ray Drug Oo com. Suuray Oil... 100,010 7,660 Sale ----- 800 1,420 3^300 Sale 4 35 ..50 Sullivan Machinery Oo 30,800 2,200 2,475 25,000 13 54 12 (Hugo)Oorp-—... Stroock (S) & Ask Bid * 2,400 Stein (A) & Co com 14,700 Sterchl Bros Stores Inc... 600 6 % 1st preferred.. 900 5% 2d preferred. 41,350 Sterling Aluminum Prod. 11,400 Sterling Brewers inc...-. 27,400 Sterling Inc ... 600 1,030 Par ...I STOCKS (Continued) 54,600 Starrett (The) Oorp v 0 c. 455 3 tee I Oo of Canada ord-.. Jan. 31 Jan. 2 1940 January RANGE FOR YEAR 1940 Price Jan. 2 CURB EXCHANGE 12 Months """165 49 EXCHANGE CURB YORK NEW FEB., 1941] 23 9 19 3 2 12 12 754 Feb. 20 Apr. 1 54 Feb. 10 8 71 Mar. 21 6 Mar. 19 3554 Apr. 17 254 Apr. 15 554 May 11 54 Jan. 11 6 Jan. 3 54 Apr. 11 254 May 3 6 Sept. 18 2 Mar. 21 654 Mar. 25 24 Mar. 1 1554 Dec. 12 2354 Apr. 8 2 May 10 8054 Nov. 1 154 154 5554 Hi 254 Feb. Jan. April Jan. Apr. 27 24 10 11 3 154 Mar. 27 Apr. 4 29 3254 Nov. 12 155s Dec. 24 154 Jan. 3 9754 Dec. 7 12 Mar. 30 954 Sept. 6 654 Apr. 6 Apr. 4 Aug. 2 May 7 Apr. 29 Feb. 24 1554 Dec. 10 10 75 554 154 1X 4 Jan. 22 50 YOKE NEW OUEB AQQREGA TE SALES PRICES IN JANUARY NEW January Shares 200 50 760 170 1,700 350 30 100 5,800 Jan. 2 Ask 1% 5 3% 17 Lowest Sale Prices 1M Jan. 5% Jan. 3% Jan. 1 May 18 3M May 21 3M Oct. 2 1% Jan. 10 4 Jan. 30 5 3M Jan. 9 1M 4M 4M 66 68 59 Jan. 2 70 Jan. i J 22 31 10 19 20 M 18M 20 19 Jan. 18 20 Jan. 7 13 12 16 17 13 Jan. Jan. 30 14 11M Jan. 3 27 17 11% 12, Jan. 27 10 31 101M Jan. 29 92 1M 3M 5M 3% M 5M 7M 100 M 3M 5'M 6M 10 * 101M 101 Sale 2M 6 5M Sale Sale Sale 1 Sale 8 Sale 11 5 Sale 11% 12M 6% Sale 6 5M 4% 4M Sale 6% 6M Highest 4M 1% 7% 10 M 101 Jan. 3 2%. Jan. 6% 6 4 5M 4M 5M Sale 5M 4M 29 4M Jan. 9 2 1 Jan. 2 7M 7% Jan. 28 12 M 118 M 117 115M 116 M 116 5M 5M 5M 5M 5% 5k 5 % Sale 5M 5M 4M Sale 4M 4M 4M 12 3M 6M 6% 4% 1% 8% 6 Jan. 6 % 30 Jan. 6 Sale Jan. Jan. Jan. Jan. 5M Jan. 4% Jan. Jan. Jan. Jan. Jan. Jan. Jan. 22 117 Jan. 14 5% Jan. 17 16 25 25 22 6 6M Jan. 4M Jan. 9 2 5M Jan. 4% Jan. Sale Prices 2 Jan. 3 7M Apr 6M Apr. May 18 12M 10M 20 7,500 Williams OU-O-Matic Htg * +. -* 24,600 Wilson Jones Co com i -1 3,950 Willson Products inc 410 Wisconsin P & L 7% pref_.100 17,000 Wolverine Port Cement 10 2 35,900 Wolverine Tube Co com. 8,300 Woodley Petroleum Corp 1 Wool worth (F W) Ltd— Am dep rets ord shs 10,400 5s 246,500 Wrigbt-Hargreaves Ltd * Highest Sale Prices 1% 4M Sale 59 15 Lowest Sale Prices Ask 1M 5% 4M m 4% Jan. 31 Ask Bid Bid com 3,050 Weyenberg Shoe Mfg Co 37,900 Wichita River Oil Corp 11,100 Williams (R O) & Co 7,900 400 Bid - 150 16 * 1,330 $6 preferred. 72,900 W Va Coal & Coke 10,700 400 Common 900 Westmoreland Goal Co 225 Westmoreland Inc.-, West Texas Utilities Co— 125 4,200 700 STOCKS (<Concluded) Par Went worth Mfg Co 1.25 Western Air Express Gorp__ Western Grocery com.. 20 Western Maryland Ry— 7% 1st preferred --100 Western Tablet & Stationery 3,000 200 I 1940 6,100 RANGE FOR YEAR 1940 Price Jan. 2 194C Shares 25,700 144,700 1,300 1,500 YORK CURB EXCHANGE 12 Months In EXCHANGE 14 77 May 26 9M May 17 Sept. 21 May May May Jan. July May 1 29 19M Dec. 31 11M May 13 10M Sept. 13 102 Feb. 8 Dec. 28 7h Feb. 15 7% Sept. 23 Mar. 14 lH May May 98 May 3M May 4M May 4M Sept. 5 Oct. 16 Jan. 26 9M Mar. 23 iiiH Nov. 22 Dec. 13 Nov. 13 Jan. June 6 3M June 27 4 5M Jan. 22 12 h Feb. 28 5 6% Jan. BONDS— 173,000 45,000 39,000 37,000 52,000 30,000 25,000 15,000 474, 5,000 2,196,000 Alabama Power 4%s. 1967 102M Sale 1st & ref 5s 1956 104 168,000 105 1st & ref 5s 1968 104 672,000 105 M 1st 5s 1946 107% Sale 383,000 1st & ref 6s 1951 107 514,000 107M American Gas & Electric— S f deb 2 Ms Ms S f deb 3 Ms S f deb 3 American Power & Light— Deb 6s ...J.-2016 5,675,000 413,000 89,000 49,000 29,000 83,660 73,000 6,000 95,000 124,000 11,000 98,000 298,000 665,000 140,000 5,000 15,000 584,000 1,571,000 Sale 106 M 106% Sale 45 M Assoc Gas & Elec 4Ms.-1948 ♦5s deb 1968 25M Sale 28M Sale 12M 5s registered 1968 1949 1949 1977 ♦4 Ms series C 4 Ms registered 389,000 193,000 144,000 f) "5",665 12 M 12 M 13 M __1950 28 % Sale 12 13 M 5s registered 1950 Assoc Tel & Tel 5 Ms A 1955 Atlanta Gas Light 4Ms... 1955 Atlantic City Elec 3 Ms—1964 106 M 106 % Avery (B F) Sons 5s w W..1947 5s 1947 ex-warr 1953 Canada Nor Power 5s Canadian Pacific Ry 6s... 1942 Cent 1)1 Pub Serv 3Ms A.. 1968 Central Power 5s ser D__. 1957 Cent States Elec 5s...... 1948 5s 1,582,000 6,933,000 Cities Service P & 5 Ms gold deb 3,279.000 520, 000 101,000 10,000 743,000 459",566 7,000 43,666 99! 78! 111 106M Jan. 3 106H Jan. 25 13 130 Jan. 31 13 Jan. 10 12 M 13 M Sale 13M Jan. 12h Jan. 10 15 Jan. 14 11 15% Jan. 14 13 M Sale 12h Jan. 2 12% 12 M Sale Sale 12% Jan. 12% Jan. 30 30 15M Jan. 14 15 h 14 JaD. 15% Jan. 69 Jan. 17 106% Jan. 15 14 13 16 109% Jan. 3 10 104k Jan. 2 102 Jan. 28 9 Jan. "31 Sale Sale 103M 104 103M 104M 103M Jan. 103 104M 103 M Sale 103M Jan. 31 104 Jan. Jan. 31 81 Jan. Jan. 6 73 Jan. Jan. 30 107M Jan. 2 102M Jan. Jan. Jan. 30 30M Jan. Jan. 31 31 Jan. 81 99% Sale 38M Sale 78 Sale 69 % Sale Sale Sale Sale Sale 77 Sale 69 H 72 Sale 113 Jan. 30 127M Jan. 110M Jan. 25 111M Jan. 13 Ill 11 24 Jan. 154M Jan. 102 77 69% 106M 102% 26M 26% 112M Jan. 31 156 Jan. 2 10 102% Jan" "24 3 104M Jan. 15 Sale 93 Jan. 3 97 Jan. 10 45 A Sale 94 % 43 Sale 42M Jan. 91M Jan. 30 49 Jan. 10 92 Sale 13 22 91M Jan. 14 95 13 89 3 14 15 1966 1950 77 76 M 79 Sale 85 M 83 M Sale Sale 86 M 84 Sale 85M Jan. 83 M Jan. 75 Sale 82% Sale 83% Sale 82 83 M Sale 92% 92 M Sale 82M Jan. 91% Jan. 31 9.5% Jan. 8 Sale 92 21 96% Jan. 8 1950 1958 "83 M Sale" 95* Sale 140 126M 129M 107% 107% 109 M 110M Sale 94 M 1949 Sale 100 M Sale 129M 128% 131 ----- 106 15 "25 106 M 88 M Sale 89 M Sale Sale 84 M Sale 23 M 21 Ill Jan. 7 8 111M Jan. 7 106M Jan. Sale 126 43 M 49 M 109 111 Sale 107 M 106 M 102 M 103 105M Sale 127M 120 44 11 8 128M Jan. 106M Sale 15 85M Jan. 4 102% Jan. Jan. Sale 104M 105M 103M 104 70 65% May 69% Mar. 66 Jan. 68% Mar. 66 Jan. 76% May 75% May 100% Jan. 96M Jan. 91M Jan. 53M Jan. 101M Jan. 119 13 85M Jan. 3 105 M 45 Sale 57 Sale 128 87 84M Jan. 124% Jan. Sale 105 45 Jan. 108% Jan. 102 103 101M Jan. 41 45 39M Sale 47 42 Jan. 10 25 Jan. 31 88 21 15 85% Nov. 8 75% July 27 30 85 Nov. Nov. 8 8 13 76% Aug. 13 31 85 97 23 23 Oct. 28 Nov. 19 96% Nov. 19 81 May 21 101% Oct. 31 125% Sept. 9 135% May 11 Dec. 124% May 21 130 5 104% June 10 111% Dec. 6 105 May 28 111% Apr. 29 75 98M Jan. 93% Jan. Dec. 14 80 May 28 May 28 99 24 94 May 3' 57 Jan. 15 45 June 24 61 % May 8 8 14 102% Jan. 3 93 Feb. 107H Jan. 4 104 89% Jan. 23 24 88M Jan. 21 126 Jan. 50 9 Nov. 18 3 Jan. 108M 109 M 108M 109 103 27 10 104 95% May 23 103% Aug. 9 41 25% May 21 Jan. 8 25 % May 22 41% Jan. 8 %%* May 22 94% Dec. 31 37 May 23 50 Aug. 3 77 June 1 93% Mar. 23 78 % June 12 95% Mar. 14 13 128 102 M 87 M 86% Jan. Sale Sale 77% Sale 3 Jan. 131 112 108 108M 108 Jan. 110M 112M 110M 111% 108M Jan. 288,000 Delaware Elec Pow 5Ms.. 1959 89 128 111 96 61% 2 Jan. Jan. Jan. 101M 129M 97 % Sale Sale 92% 54 53 M 102 Sale Sale Jan. 10 Jan. 29 Dec. 4 100% Jan. 83% Jan. Sale 93 9 24 Dec. 1 Sale 46M Sale M Jan. Jan. 6 Sale 28 May 21 130% May 10 88 June 11 116 89 % June 3 117 138 June 10 156 139 Jan. 29 139 90 May 24 102% June 26 M Sale 95 June 27 20 M 108 % Aug. 21 110 Apr. 12 105 Apr. 8 101 Dec. 4 63 Sale 99 2 65 95 959,000 Federal Water Serv 5 Ms.. 1954 Finland Residential Mtge 6s stamped .1961 98.000 29 8 Feb. 9 93 M 77,000 14% Oct. 75 13 89 M 93 M 1067 4 103% July 31 92 1952 Ercole Marelli Elec Mfg— ....1953 2 16% Apr. 13 34 % Jan. 28 % Jan. 5 90 Empire Dist Elec 5s 26 H Jan. 3 June Sale 80 M 4 June Sale 60 3 16% Apr. 95 93 ♦QMs 136,000 114,000 Erie Lighting 5s 30 Jan. 28 % Jan. May May 10 May 16% Apr. 10M May 10 May 14M Oct. 53 May 104 M May 103 M May 95 M Jan. 92 M Jan. 89 27 M 94 M 92M 8 Jan. 24 102 % 27 132 15 20 Sale 114M 110M 111M 154M 86 1950 10 129 10 88 Eastern Gas & Fuel 4s A.. 1956 4s A registered 1956 Elec Pow & Lt 5s 2030 Elmira Wat Lt & RR 5s. .1956 June Jan. 51 9 28 Feb. 9 127 Feb. 102% May 22 108 Mar. 29 38 M May 24 62% Jan. 8 2 107 2 84 1969 1971 June Jan. 107 M 192? 1952 1958 90 M May 25 105% Jan. 121 127 45 12 M 17 30 17 Aug. 13 106 M Dec. 3 107% July 11 109M Dec. 11 108 M July 18 112 Dec. 13 Sale 102"" 102M 102% Sale" 2,177 000 Cudahy Packing Co 3 Ms.. 1955 2 Sale' 92 % 52 M 53a 27 108M Jan. 17 110M Jan. Sale 97 M see page 104 15 Sale 111M 111% Sale 154% 157 92 For footnotes Sale 125 M 79M Sale El Paso Elec 5s A__ 2 13 17 48 Sale I 67 Sale 64M Jan. 106% 107 M 105 M 106 M 106M Jan. 109 M 110%. 107% 108 M 107M Jan. 101 104 103 107 102M Jan. 100 M Sale 101 105 100M Jan. 6s A stamped 2 196, 000 .... 1943 7,912, 000 Continental G & El 5s_... 1958 Cuban Tobacco 5s 1944 168, 000 7,521,000 5,000 6,718,000 330,000 299,000 613,000 Jan. 9 106 64 M 117M 1969 3s series P. h Sale 117 L 5 Ms. 1952 3 Ms series N Consol Gas Utilities— 2 105% Jan. 17 107% Jan. 27 106h Jan. 1955 14,000 12,000 4,000 Sale 109 Sale 94 M 95 M 91M 92 M 38 74 M Consol G E L & P Bait— 639,000 18,000 117,000 72M 1954 1953 2,799, 000 Community Pow & Lt 5s_. 1957 1951 21, 000 Conn Ltg & Pow 7s A 86, 000 Consoi Gas of Bait 4%s_-„ 1954 295, 000 Sale 104% Jan. 10 98 M May 29 104 M July 103 June 24 106M Oct. 99 May 28 106 % July 105 May 15 109 Feb. 104M Feb. 27 107 M Jan 3 10 Sale 5Ms 2,870,000 Cent States Pr & Lt 5%s«. 1,829,00011 *Chic RysSsctfe of dep.. 212,000 Cincinnati Street Ry 5%s. 116,000 6s series B ■ 19,000 13M Sale 26M Sale 2,844,000' 33,000 13 Sale Sale 34 ♦5 Ms conv deb ♦Conv deb 5s 39,000 579,000 Cities Service 5s... Conv deb 5s 1,046,000 15,415,000 5s registered 2,000 5s 238,000 3,142,000 5s registered 6,000 159",565 Sale 2024 19ob 106! 60! 116M 115% 5s series C 1960 116M 1,112,000 1998 141 473,000 Bethlehem Steel 6s 68 registered 1998 1,000 2,378,000 Birmingham Elec 4 Ms 1968 97% 1,612,000 Birmingham Gas 5s 1959 94% 209,000 Broad River Power 5s A..1954 100M 1,429,000 818,000 105 ..1953 Baldwin Locomotive WorksConvertible 6s .....1950 6,759,000 3,346,000 Bell Tel of Canada 5s B...1957 44,000 Jan. Sale 8,000 63,000 Jan. Sale* 128% Jan. 278,000 3,875,000 10,000 16,000 3,000 9,000 107 130 6,000 299,000 89.655 Sale 109% 109 105 M 4,762,000 Associated Elec 4Ms 271,000 107 109% 128% 130 ioY.ddo 3,411,000 11,000 420,000 3,024,000 2,000 938,000 191,000 285,000 77,000 Sale Sale 23 103M Jan. 15 105M Jan. 106 M 105M Jan. 129 466,000 36"556 105 M 104 2024 126 160,000 Appalachian Power 6s 6s A registered 1,000 1,371,000 Arkansas Pr & Lt 5s— 396", 006 Sale 110M 104M Sale 108 Sale 108 M 1950 I960 1970 - 107M 106 M Sale 102M Jan. 102M Jan. 105 104M Jan. 107 M Sale 107M Jan. Jan. 105M 106 M 105 106 - 199,000 178,000 119,000 102 M Sale 102 M 104 105% 103 104 104M 104M Jan. 105M Jan. 9 45 Jan. 10 9 109 Jan. 8 10 11 103 Jan. 22 42 Jan. May 22 107 74% May 81% Aug. 70 May 110 May 102% Oct. 101% May 23 20 89 Dec. 5 125% Dec. 20 Apr. 5 106 106 49 Dec. Nov. 3 109% Jan. May 22 103 22% Jan, Jan. 88% Nov. 26 81% Aug. 30 June 10 106% June 89 22 26 102% Dec. 30 3 57 14 8 9 Dec. 18 Apr. 6 NEW fEB., 1941] AGGREGATE PRICES SALES Pries NEW YORK 12 CURB Months BONDS (Continued) $ .1966 1,541,000 Florida Power Co 4s C 1954 4,056,000 Florida Power 8c Lt 5s 5s registered 1,000 1954 Gary Electric 8c Gat— 5s ext stamped Gatineau Power 3 4 s A 1944 1969 ...1953 Gen Pub Utilities 64» A..1956 *Gen Rayon Ltd 6s A 1948 Gen Sale Sale Ask Bid Bid 1064 1C44 105 1054 Sale 1064 Sale 1004 Sale 1C14 1014 101 78 784 804 1014 1014 102 1014 1014 Sale . "984 Sale" 984 Sale 74 76 65 106 66 17 Sale 108 71 Sale Grand Trunk West Ry 4s 1950 Great North Pow 5sstpd .1950 Green Mountain Pow 3 4s_1963 Grocery Store Prod 6s ...1945 Guantanamo & W Ry 6s .1958 Prices Lowest Highest Sale Prices Sale Prices 1044 Jan. 30 106 Jan. 105 Jan. 17 1064 Jan. 964 Sale Sale 3 62 Sale 76 108 784 110 28 47 50 25 40 43 234 "254 8,000 iHamburg E & Und Ry 54s'38 1966 212,000 Houston Lt & Pr 34s 1949 274,000 Hygrade Pood 6s ser A 6s series B 1949 67,000 14 30 Jan. 10 Jan. 30 1024 Jan. 15 15 100 Jan. 6 1004 Jan. 24 1054 Jan. 7 23 72 Jan. 25 108 4 Jan. 6 82 Jan. 35 23 Jan. 211 Sale Jan. 21 804 Jan. 2, 824 Jan. 29 77 Sale 49 Jan. 2 77 Sale 754 Jan. 1094 1074 Jan. Jan. 1044 105 22 ■ 1064 Sale 63 564 17 Jan. Jan. Sale Sale" 60 3 1014 Jan. 7 83 Jan. 16 102 Jan. Sale 1054 28 804 1948 23 Jan. 80 27 77 4 Jan. 13 17 1084 Jan. 16 28 1064 Jan. 10 604 Jan. 2 17 g* 65 60 Jan. 24 25 Jan. 7, 25 Jan. 7 27 284 25 Jan. 4; 294 Jan. 16 25 Guardian Investors 5s series A 421,000 Corp— , 111 664 654 Sale Sale 67 422 ,000 Idaho Power Co 3 4« 1967 1084 Sale 97 984 ,000 Illinois Pow & Light 54s..1957i 105 54sseriesB 1954 104 J ,000 Sale 6s series A 1953 105! ,000 1,221 1,106 1,829 2,808 308 1,322 1,679 1,289 6 ,000 ,000 ,000 ,000 ,000 ,000 573 ,000 523 ,000 676 ,000 4,924 ,000 1,458 ,000 430 ,000 120 ,000 250 ,000 394 ,000 1,461 ,000 1956 5s series C 103 Sale Indiana Hydro-Elec 5s A 1958 Indiana Service 5s_.. ...1950 1st lien & ref 5s 1963 99! 71! 70 Sale Alndianapolls Gas 5s A 1952 Indianapolis P&L34S-..1970 62 64 ♦ 414 . Int Pow Sec 64® series C .1955 ,..1957 1952 ♦7s series E ♦7s series P Interstate Power 5s 1957 1952 Debenture 6s Iowa-Nebraska L & P 5s. .1957 1961 5s series B Iowa Pow & Lt 4 4s A 1958 ♦Isarco Hydro-Electric 7a_1952 Italian Superpower 6s 1963 595,000 Jacksonville Gas 5s stpd..l942 5s stamped reg... 1942 6,000 49 44 654 484 1054 1054 1084 Sale Sale 43 4 Sale o4(?H Sale Sale Sale 1064 110 48 1104 1114 1104 71 Sale 724 724 69 73 1074 110 102 Sale 1064 1074 1064 1004 744 724 804 1084 Sale Sale 18 22 224 204 304 214 72 Lake Superior Dist Power— 34% series A 1966 159,000 11,000 iLeonard Tietz Inc 7 4s-.1946 1945 455,000 Long Island Ltg 6s. 924,000 Louisiana Pow & Lt 5s....1957 iMansfield Mining 8c Smelt— 7s ex-warrants 1941 2,000 McCord Rad & Mfg 6s 1948 78,000 Memphis Comm'l Appeal— Debenture 44s 1952 69,000 1947 230,000 Mengel Co4Hs 1971 235,000 Met Edison 4s series E 4s series G 1965 340,000 Middle Sts Petrol 64« A..1945 177,000 Midland Valley RR 5e....1943 404,000 918,000 953,000 404,000 912,000 1.383,000 304,000 957,000 Mississippi Power 5s Miss Power & Light 5s.. Miss River Power 5s Missouri Pub Serv 5s A. Nassau 8c Suffolk Ltg 5s 731,000 Nat Pow & Lt 6a A 760,000 860,000 41 464 Sale 3,209,000 1054 1064 1254 127 104 -a110 128 130 1054 1064 108 15 40 1034 104 4 1074 Sale 17 66 28 -18 3 1104 Jan. 74 Jan. 2 10| 724 Jan. 6 2 108 Jan. 29 31 1064 Jan. 2 21 1014 Jan. 3 79 4 Jan. 13 31i.784 Jan. 15 2 Jan. Jan. 4 21 Jan. 28 254 Jan. Jan. 23 71 Sale 69 Jan. 30 Jan. 17 23 Jan. 28 73 * Jan. 15 43 Jan. Jan. 15 Jan. 24 105 4 Jan. 28 105 Jan. Jan. 10107 Jan. 11 26 Jan. Jan. 354 Jan. 454 Jan. 2 48 Sale 1064 Jan. 109 Jan. 7 13 8 10 13 7 107 Jan. Jan. 105 108 Sale 107 884 103 95 105 .1955 .1957 1034 1064 1034 1054 Sale 1034 Sale 110 Sale 96 Sale 994 Sale 111 4 Sale 107 1074 26 124 4 1084 1084 1054 107 4 794 Sale Sale Sale Sale Sale Sale Sale 1084 96 1074 Sale 1104 111 1024 Sale 54 103 1054 1024 103 109 Sale 1054 1044 108 104 Sale Sale 964 Sale 96 98 • Jan 77 103 Jan. 954 Jan. 1074 Jan. 1094 Jan. Jan. 54 Jan. 59 Dec. 79 Nov.22 1104 Nov. 15 108 Dec. 15 14 June 4 181* Dec. 20 23 Apr. 11 22 107 24 107 4 Apr. 26 22 1064 Dec. 26 9 June... 6 1014 Nov. May 22 744 Sept. 7 May 24 734 Nov. 27 60 .Tune 6 994 Oct. 28 6 1094 Dec. 17 1084 Dec. 93 57 56 2114 18 434 Jan. 494 Jan. 15 Jan. 11 Oct. July 194 Oct. 514 May 29 May 103 May 24 294 Oct. 14 39 May 23 464 Sept. 26 51 42 3 12 Jan. Mar. 11 Jan 53 4 Mar. 11 474 Oct. 10 26 May 21 1284 Nov. 28 3 1044 May 22 1094 Nov. 13 30 Oct. 10 33 Oct. 31 103 4 May 23'106 jan 16 1034 May 21 1084 Dec. 4 Jan. 17 7 1034 Jan. 96 4 Jan. 29 27 90 3 2,1084 311104 8 1034 2 594 17 Jan. 29 Jan. 17 Jan. 14 Jan. 22 19 Aug. 1 584 June 17 15 1034 Jan. 1034 Jan. 1044 Jan. 24 31 106 Jan. 6 2 1094 Jan. 2 1004 Jan. 23 6 1024 Jan. 4 113 4 Jan. 24 95 31 109 15 101 6 24 Jan. 3 1084 Jan. 15 26 Jan. Sale 123 Jan. 13 124 Sale 1104 Jan. 1074 Jan. 27 98 June 4 20 Jan. 14 120 7 10 3 14 62 6 14 8 1214 Jan. Jan. Jan. Jan. 3 21 Jan. 16 100 Jan. 29 1094 Jan. 8 1004 1034 1044 Sale 104 1044 1034 1044 1054 Sale Jan. Jan. Jan. Jan. Jan. 16 ■7 1044 Jan. 7 18 1034 Jan. 17 1054 Jan. 27 1074 Jan. 30 1094 Jan. 20 3 3 664 664 664 974 Jan. Jan. Jan. Jan. Jan. Jan. 9 2 10 Dec. 10 1044 Dec. 20 108 Dec. 105 10 Dec. 10 20 11 1024 Dec. May 22 1134 Dec. Dec. 24 109 May 10 June 14 4 5 10 6 28 Spet. 27 4 May 22 1284 May 3 1114 May 14 52 Jan. Oct. 1 Dec. 21 1054 Oct. 1104 Feb. 98 Jan. 115 51 10 1214 122 4 1204 122 4 121 63 4 Sale 624 644 Sale 624 62 4 644 644 Sale Sale 65 624 63 Sale 954 954 954 974 Sale 99 Sale 99 994 Sale 107 1084 1074 1094 HI 5 106 984 May 22 1024 May 24 96 May 22 97 May 23 1074 Dec. 28 86 June 8 2 1114 Jan. 3 1094 Jan. 934 Jan. 23 75 99 May 22 103 Dec. 20 81 May 291 964 Dec. 11 1044 July 9 1094 Jan. 19 106 June 18'111 May 10 914 June 10il024 Dec. 23 514 June 111 70 Jan. 4 21 Jan. 5 Apr. 25 Mar. 1 27 21 90 4 17 Jan. 3 1064 Jan. 2 1084 Jan. Jan. 1014 Jan. 1124 Jan. 1074 Jan. 16 2 Dec. 24 28 1064 June 13 1064 103 7 1094 106 4 June 254 Dec. 19 52 Jan. Jan. 10 634 Apr. 25 53 Apr. i Feb. Jan. 109 2 804 Dec. 17 91 Apr. 22 June 1054 June 87 May 984 May 101 May 964 May 6 107 Sale Sale Mar. 19 29 5 4 104 964 Jan. 109 31 17 19 10 8 4' 106 Sale 26 4 Dec. 424 Jan. Jan. 1C0 109 17 24 154 Feb. 7 264 Oct. 1064 May 14 1114 Apr. 64 Apr. July 5 81 79 Apr. 66 June 22 23 106 Sale 1044 Sale Sale Sale 1104 Sale Dec. Apr. 75 294 Nov. 1054 Jan. 1024 Jan. 1054 1034 1C64 1044 1034 1094 1004 1014 102 1134 1124 Sale 107 109 1084 25 254 Sale 123 1274 130 1104 1104 Sale 107 1064 109 91 914 Sale Feb. 28 Jan. 91074 Jan. Jan. 1084 HO 1094 Sale 1034 1034 102 584 52 Apr. 10 Aug. 24 117 35 83 1074 1034 May 59 May 18 Sept. 65 4 June 624 Dec. 57 Aug. 106 May 994 May 4 3 Jan. 40 106 28 974 May 24 102 56 June 3 874 94 June 26 102 83 May 21 1014 674 Sept. 18 75 89 May 22 101 Jan. 102 4 May 22 1074 Mar. Jan""18 1284 30 77 4 103 Jan. 22,107 4 Jan. "28 1274 105 35 Sale New Amsterdam Gas 5s.. -1948 121 100,000 New Eng G 8c Elec Assn 5s 1947 68 2,376,000 5s_ 1948 67 580,000 Oonv deb 5s 1950 68 2,098,000 New Engl Pow Assn 5s 1948 984 2,776,000 Deb 54s 1954 1004 2,838,000 New Eng Po» Co 34s A..1961 107 4 102,000 7 Sale 734 1074 109! 108 1104 J4* Jan. 47 25 98 1004 86 4 90! 121 40 10 90 20 1034 109 1274 Sale 16 24 109 25 Jan. 18 27 Jan. Sale 40 Sale 10 6 1084 Jan. 8103 Jan. 194 Jan. 18 3 15 23 108 23 1094 107 1044 1C5 1074 Sale 67 1956 Jan. Jan. Jan. Jan. 1054 Jan. 25 2026 2030 Nevada Calif Elec 5s 1074 1014 106 4 1074 1064 1074 1074 Sale 110 70 1945 Deb 5s series B Jan. 724 Jan. 1024 Sale Sale 454 Sale Sale 122,000 X*Nat Pub Serv 5s O O D.1978 Nebraska Power 6s 2022 100,000 44« 1981 367,000 Neisner Bros Realty 6s 1948 140,000 71 107 38 454 100 .1951 .1960 1104 Jan. 105 1004 Sale .1978 1024 Sale .1955 106 Sale ~ " 1st & ref 58 75 74 384 384 103 Sale 1034 106 1044 1054 103 1084 1064 1064 1084 107 20 26 254 20 264 33 Sale 34 354 38-4 1054 .1967 Milwaukee G L 44s Minn Pow& Lt44s 108 III Sale 105 4 Sale 1014 1004 1014 1004 Jan. 75 4 Sale Sale 734 Jan. 734 Jan. 734 Sale 734 85 Sale 86 804 Jan. 107 108 110 a 1064 Jan. Jersey Cent P & L 34s.._1965 42,000 Kansas Electric Pow 3 4s. 1966 135.000 Kansas Gas & Electric 6s.\.2022 984 Jan. 2 1064 Nov. 9 May 27 106 4 Dec. 23 100 72 1004 Sale Sale 24 4 754 Sale 81 78 J 107] 1104 604 734 1014 101 79 Sale 1014 102 1014 101 65 72 1004 Sale Gobel (Adolf) deb 4 4s.. .1941 Highest Sale Prices Lowest Sale 103 1953 .... Glen Alden Coal 4s Ask 106 1965 iGesfuerel 6s - 98 4 104 Ask Sale Wat Wlcs 8c El 5s A..1943 1967 3,086,000 Georgia Power ref 5s 507,000 Georgia Pow 8c Lt 5s..... 1978 5,000 2,838,000 258,000 273,000 47,000 339,000 71,000 81,000 Bid Jan. 31 Jan. 2 1940 Gen Pub Serv Co 5s RANGE FOR YEAR 1940 IN JANUARY ji Jan. 2 EXCHANGE 1940 524,000 1,300,000 126,000 1,700,000 9,000 1,065,000 51 EXCHANGE CURB YORK June 108 4 Jan. 102 June 17 110 May 21 95 Mar. 29, Dec. 22 May May May 51 May 884 May 93 May 105 May 25 122 4 Jan. 24 714 Jan.. 23 714 Jan. 28 714 Jan. 22 994 Jan. 31 1004 janMar. 28 110 100 4 May 97 May Jan. 81 1 15 1034 July 23 1044 Nov. 8 7 3 1034 Dec. 7 1054 Jan. 10 6 9 9 9 9 8 8 New Orleans Pnbllc Serv— 5s stamped 1942 194,000 a6s series A 1949 571,000 aN Y Pa & O RR 4 4®stpd 1950 450,000 N Y State E & G 44s...-1980 959,000 4 4s registered 1980 1,000 3 Ha 1964 301,000 34s registered —1964 4,000 N Y & Westchester Ltg 5s *54 70,000 4s 2004 168,000 274,000 722,000 514,000 566,000 463,000 364,000 990,000 1,337,000 477,000 186,000 Nippon Elec Pow 64» 1953 Nor Amer L & P 54s A. 1956 North Boston Ltg Prop 34s 47 1024 Sale 1024 Sale 794 81 105 Sale 1124 55 102] 104] 46 105 Ogden Gas Co 5s 1945 101 115 65 106 42 45 4W 44 1044 1G5 504 Sale Jan. 22 114 Jan. 22 Jan. 17 1064 Jan. 10 102 40 Jan. 27 45 Jan. 6 1034 Jan. 28 1054 Jan. 27 20 544 Jan. 4 13 8 Sale 112] 108] 113 1124 Jan. Sale 108 Sale 109 1074 Sale 107 1084 Jan. 1074 Jan. 108 1044 1034 Jan. 1968 1104 113 1084 Sale 109 Sale 109 Okla Nat Gas 34s B 1955 Okla Pow & Water 5s A—1948 1074 103 Sale 1034 104 4 104 4 104 1124 Sale 109 Sale 1024 Mar. 106 1024 Jan. 1044 105 4 1044 Jan. 494 Jan. 52 Sale 1962 9 Jan. 4 104 104 104 4 May 28 1104 Oct. 8 109 109 7 1154 1114 June 102 4 103 4 1034 Sale Ohio Power 3 4s 53. Sale Sale 48 6 101 114 Sale 104 Ohio Public Service 4s For footnotes see page 103 112 1064 1044 ...1948 A 101 104 1034 106 1064 1114 1074 Nor'west Pub Serv 5s A.-.1957 Nor Cont Util54s 1004 1034 1034 1054 Sale Jan. 9 1134 Jan Jan 16 109 20 2 Jan. 27 8 2,1084 Jan. 20 1094 8 1044 Jan. 29 May Jan. Dec. 4 9 Oct. 8 Oct. 28 14 1064 Nov. 20 40 Oct. 9 65 Mar. 12 94 May 22 1034 Dec. 9 Jan. 12 1034 Nov. 4 106 35 June 4 534 Dec. 9 101 May 27 1064 Feb, 20 1074 May 23 1134 Dec. 1034 May 24 1034 May 28 104 4 May 28 1004 May 29 9 1104 Nov. 22 1094 Mar. 15 109 Apr. 10 105 Feb. 13 new 52 york curb aggregate SALES PRICES NEW YORK In 12 Months January CURB . 1940 461,000 Penn Electric 4s series F..1971 10434 5s series II 1962 10734 619,000 1950 10934 371,000 Penn-Ohio Edison 6s 543,000 554 s series B . 1959 106 1947 10734 163,000 Penn Pub Berv 6s O 5s series D__ 1954 10634 62,000 Ask Ask Bid 10454 108 97 Sale 3754 Sale 10534 Sale 106 Highest Sale Prices 10454 Sale 10454 Jan. 10734 10734 10636 Jan. 97 Sale 1 9634 Jan. 35 3 6 34 3 7 54 Jan. 105 Sale 10454 Jan. 107 10754 106 Jan. Sale 107 Lowest Sale Prices Jan. 31 Jan. 2 Bid 108 10554 10634 105 10834 Sale 108 24 14 2 2 9 4 Jan. Sale 10754 Sale 10554 106 10834 Sale 109 Sale 107 10754 10534 Sale 10534 Sale 107 108 10754 108 109 10734 10834 108 108 9534 Sale 9734 98 11334 11434 9434 9554 10354 Sale 10334 Sale 104. Sale 10454 Sale 11354 11434 11256 Sale 10454 105 10254 Sale 103 10454 Jan. 10654 Jan. 99 Jan. 38 Lowest Jan, 1 Jan. J 6 22 23 Jan. Jan. 22 108 22 27 23 100 10534 Jan. 10634 Jan. 2 Jan. Prices Jan. Jan. Jan. 39 Sept. 24 4334 Jan. 9634 June 11 10554 Dec. 101 June 6 10734 Mar. Jan. 29 106 16 10754 Jan. 10534 Jan. Highest Sale Prices Sale 105 Dec. 20 11034 10654 Nov. 13 112 86 June 10 9734 10634 Jan. 10834 Jan. Jan. 10354 Jan. 11154 Jan. 10254 Jan. - 42.000 18.0001 1,000 RANGE FOR YEAR i940 Jan. 2 1940 I IN JANUARY Price EXCHANGE Bid BONDS (Concluded) Ask $ $ I 52,000 457,000 Pacific Gas & Elec 6s B—1941 109 54 Sale 112 1942 110 1,000 57,000 Pacific Ltg & Pow 5a 9354 Sale 302,000 3,734,000 Pacific Power & Light 5s. .1955 4334 Sale 2,000 64,000 Park Lexington Bldg 3s—1964 123,000 2,542,000 Penn Cent Lt & Pow 434s.l977 10254'Sale 5s_ 1979 10354 10434 13,000 186,000 29,000 48,000 exchange 21 May 21 10634 10854 10934 10834 10834 10834 10454 May 23 10434 May 28 101 54 June 5 106 May 24 105 May 24 Oct. 11 I Feb. 3 Apr. Oct. Jan. 23 17 Feb. 16 9 Peoples Gas Light & Coke— 1,800,000 150,000 151,000! 1,973,000 940,000 107,000 516,000 13,000 4s series 1981 B 1961 4s series D Phila Elec Power 534s Phila Rapid Transit 6s 1972 1962 Piedmont Hydro-Electric Co— ♦ 634s series A 1960 1,093,000 1949 69,000 Pittsburgh Coal 6s 53,000 iPomerania Elec Co 6s—1953 1,385,000 •Portland Gas & Coke 5s. 1940 5s stamped. 1950 285,000 8,000 "If, 600 66,000 74,000 399,000 Potomac Edison 5s ser E..1956 434 s series P 1961 125,000 60,000 Potrero Sugar 7s stamped. 1947 467,000 Power Corp of Oan 434® B.1959 70,000 33,000 -10,000 23,000 a Prussian Electric 6s 1954 Public Service of Colorado— S f deb 4s 1949 256,000 1st mtge334s 1964 580,000 25,000 2,000 95,000 62,000 4334 46 10434 10434 1234 30 8354 Sale 20 2954 Jan. 10 2634 Jan. 8 14 26 9334 Jan. 96 88 Jan. 9134 Jan. 29 Jan. 109 10954 109 11034 11034 10954 Jan. 10934 Jan. 30 11034 Jan. 30 96 90 Sale Sale 109 10934 110 46 50 59 Sale 7034 7234 3034 74 Sale 22 26 10534 Sale 106 107 109 10734 Sale 25 - 8 30 95 Sale 30 23 2834 Jan. Sale 111 Sale 10434 Jan. 2934 9334 Sale 10854 88 14 2 Sale 91 May 29 95 June 3 11034 Mar. 20 92 May 22 24 50 Jan. 59 Jan. Jan. 10434 Dec. 11 105 Dec. 115 Feb. 13 1 105 Oct. 7 June 13 June 17 27 7834 May 22 75 June 3 90 103 28 110 5154 18 20 88 4954 Jan. 106 25 10 10434 Jan. 22 22 2934 105 7 10434 Jan. 3 30 115 13 1063 107! 4834 Mar. May 29 10734 Dec. June 9534 Dec. 19 Apr. 10 17 June 8 7 Nov. 18 5 Dec. 17 Oct. 25 Jan. 30 45 Aug. 14 Apr. 29 7234 Jan. 7634 Jan. 25 61 June Jan. 26 26 3 14 Jan. 10654 Jan. 27 104 Jan. 10534 Jan. 107 2 Jan. Jan. 20 109 Jan. Jan. 31 162 Jan. 18 6 10534 Jan. 31 2 105 3 13 10 Nov. 13 July 24 10754 Sept. 24 July 25 10934 Nov. 9 Public Service Co of N J— 30,000 526,000 158,000 448,000 6% perpetual certificates 605,000 1966 186,000 Pub Serv of Okla 4s 5,298,000 Puget Sound P & L 534s—1949 5s series C 1950 1,552,000 434s series D 1950 3,644,000 53,000 347,000 Queens Boro G & E 5348- -1952 63,000 56,000 ARuhr Gas Co 634s— 7,000 ARuhr Housing 6)4s A 7,000 1953 -.1958 787.000 Safe Harbor Water Pr 4 34s 1979 1952 48,000 San Joaquin L & P 6s B ASaxon Public Works— 75.000 18,000 6s 22,000 144,000 ASchulte Real Estate 6s 377,000 Scripps (E W) Co 534s 810,000 Scufiin Steel Co 3s 1,412,000 Shawinigan W & P 434s 434s series D 981,000 15134 155 10834 9854 Sale 107 98 Sale 9234 Sale 12,000 32,000 '236,000 25,000 119,000 43,000 5,000 68,000 436,000 328,000 494,000 419,000 407,000 10934 110 133 21 602", 066 54*666 22,000 38.000 1943 103 1951 64 95 9554 34 Sale 91 4,328,000 6s gold debs 6s series B 1957 1966 6s B registered 82 Sale 92 9354 10334 Sale 11054 Sale 10254 Sale 5034 Sale 106 Sale 106 100 Jan. 15 10234 Jan. 2 101 Jan. 9954 Jan. 8834 8934 88 Jan. 3 Jan. 14 IO234 Jan. 4 3 28 10734 Sale 13834 10734 Jan. 13754 Jan. 108 35 9034 Jan. 10 80 27 14 18 Jan. 16 10834 Jan. 2 13834 Jan. 17 17 88 87 Sale 8834 10134 Jan. 8 102 Jan. 13 1957 1957 1,000 Q6s registered 1950 694,000 AStarrett Corp 5s Stinnes (Hugo) Corp— ♦7s 2d stamped 4s 1940 274,000 | ♦Certifs or deposit...1940 37,000 7s 2d stamped 4s 1946 247,000 7s 3d stamped 4s —1946 30 Dec. 31 15 Jan. 17 105 54 June 28 10934 Jan. 3 127 June 11 13734 Nov. 25 Mar. Jan. 1 24 2634 Oct. 39 10034 June 11 104 57 May 15 83 15 Nov. 22 Jan. Jan. 3 8734 Jan. 28 8654 Jan. 8634 Jan. 2 90 Jan. June 3 98 90 Jan. 13 13 64 3 64 May 31 97 Jan. 6 9454 Jan. 29 87 81 9354 9834 93 Jan. 10354 10434 103 Jan. 11054 Sale 11034 Jan. 1027« 102% 10234 56 Sale 5034 10634 Sale 10434 10554 108 10554 4 104 Jan. 30 11054 Jan. Jan. 21 10254 Jan. Jan. Jan. 23 Jan. 2 58 15 4 2 22 May 24 9534 Jan. 3 9634 June 3 10354 Dec. 17 102 May 22 11334 Sept. 13 10254 Dec. 21 10554 Mar. 28 Jan. 10 10634 Jan. 31 9 10554 Jan. 15 46 Jan. 9 37 90 105 6 40 May May May May 53 Mar. 12 24 21 10554 Dec. 18 22 10854 Feb. 5 60 21 Apr. 0 Sale 40 Sale 40 Jan. Sale 7734 Sale 69 Jan. 2 80 Jan. 15 49 Jan. 19 7734 Sale 7754 Sale 7754 Sale 6934 Jan. 6934 Jan. 3 15 7454 Nov. 12 80 80 Jan. 4934 Jan. 19 2 Jan. 15 48 Jan. 70 Jan. 3 Jan. 15 48 70 Jan. 3 80 80 Jan. 15 48 7454 7434 74! 74! 6854 Sale 7754 Sale 6834 Jan. 3 80 Jan. 15 49 Jan. Jan. Oct. Jan. 19 19 19" *2034 1 54 78 Sale 35 "2434 20 Jan" 6 2434 Jan. 25 19 24 72 19 Nov. 12 74 Nov. 13 Nov. 13 Nov. 13 Nov. 12 Oct. Nov. 12 1454 May 21 2434 Feb. 55 40 29 Sale 29 Jan. 27 30 Sale 43 Jan. 11 46 June 10 5 Dec. 20 48 34 Dec. 3834 Oct. 11 4 Jan. 26 2454 Jan. Sale 10634 Jan. 10834 10734 Jan. 12134 Sale 12134 Jan. 99 Sale 9734 Jan. 6034 Sale 6034 Jan. 18 Jan. 46 June 13 Dec. 31 24 74 54 Nov. 12 27 44 28 2254 55 40 "25 5 6854 6954 6934 Sale 6854 695 6854 69 Sale 2434 1 Jan. July 6 1334 Sept. 13 74 32 20 99 72 19 Dec. Nov. 69 Sale 28 1 12 Dec. 30 30 Dec. 14 Jan. 19 1966 Stand Power & Lt 6s June Nov. Jan. 6 12 23 38 10154 Sale 8434 Sale 128 May 28 161 10434 May 28 108 86 May 21 10234 83 May 21 102 81 May 24 10034 45 6734 Sale 6734 Sale 6734 Sale 6634 Sale 6734 Sale 6634 37 8654 Sale 8654 8754 9534 9934 Sale 11234 Sale 21 22 10134 Sale 65 Sale 1970| Jan. 27 25 35 23 Sale 101 22 10754 Sale 13754 Sale 137 1967. 1951 Sale 27 25 1951 6s series A 101 35 1968 10534 10554 51 52 1951 10434 659,000 Southwestern P & L 6s A..2022 103 144,000 S'western Pub Serv 6s A..1945 10734 Sale 4934 50 430,000 Spalding (AG) & Bros5s_. 1989 4,645,000 4,285,000 3,709,000 2,000 Sale Sale 9954 35 11 Standard Gas & Electric— 6s stamped 1948 6s conv stamped.. .1948 10434 Jan. 102 Southern Counties Gas of California 434s 518,000 639,000 Southern Indiana Ry 4s 3,946,000 2,965,000 156 Sale 10134 Sale 10134 Sale 17 14 —1937 1957 2025 Sale 105 Sale 8854 Sale 1947 255,000 Sheridan Wyo Coal 6s 790,000 Sou Carolina Power 5s 3,071,000 Southeast P & L 6s 156 102 9634 Sale ' 76,000 233,000 113,000 34,000 15954 Sale 10434 105 Terni Hydro-Electric Co— 16,000 116,000 124,000 7,000 82,000 134,000 73,000 8,000 13,000 *2,000 5,000 120,000 189,000 34,000 373,000 74,000 64,000 35,000 86,000 42,000 29,000 42,000 263,000 7,000 41,000 120,000 19,000 16,000 2,000 52,000 • 27,000 41,000 869,000 1,724,000 875,000 76,000 1,119,000 1,999,000 a634s series A —.1953 Texas Elec Service 5s.—-.I960 Texas Power & Lt 5s 1956 6s 2022 Tide Water Power 5s A—1979 Twin City Rap Tr 534s A.1952 {♦tJlen & Company— 6s 4th stamped.. 640,000 208,000 ♦United Elec of N J 4s 574,000 United Elec Service 7s 57,000 69,000 856,000 2,041,000 320,000 5,041,000 535,000 459,000 401,000 654,000 a United Indus 634s a 1st 6s United Lt & Pow 034« Deb 6s 534s. 1950 1949 1956 1941 1945 1974 1975 1959 United Lt & Rys(Del)534s 1952 United Lt & Rys (Me) 6s A1952 Deb 6s series A 4454 10454 10754 Sale Sale Sale 115 Sale 10234 10254 6234 Sale 117$ it* 16 85 8334 9 Sale" 30 237,000 t aYork Rys Co 5s ♦5s stamped 510,000 For footnotes see page 53* 2 108 7 m* 22 8 "24" 30 9054 Sale 89 Sale Sale 118 Sale 434»-1944 99 Sale 99 Sale 8034 Sale 109 8634 Sale 106 9554 Sale Sale 10834 109 9454 Sale 10134 102 10134 102 10134 10154 10154 Sale Sale 10254 Sale 103 Sale 434 109 110 10934 10754 Sale Sale 108 1966 Sale 5954 10654 11654 10054 10754 1937 ...1947 Sale 9734 107 119 Sale 98 105 Sale 98 99 34 1 99 54 6434 Sale 10534 107 11634 100 12154 Jan. 3 99 34 Jan. 6254 Jan. Jan. 8 11734 Jan. 2134 Jan. 24 934 Jan. 11834 Jan. 2334 Jan. 7 8 14 8 9 Jan. 2 30 Jan. 2 Jan. 28 30 Jan. 28 8934 Jan. 8634 Jan. 3 9234 Jan. 2 9034 Jan. 2 108 54-Jan. 31 9854 Jan. 25 106 Jan. 10134 Jan. 10134 Jan. 29 121 2 10734 Jan. 59 Jan. 10634 Jan. 11634 Jan. Jan. 23 11 14 16 8834 Jan. 29 7 102 Jan. 24 8 109 Jan. 16 3 101J4 Jan. 9 102 Jan. 22 10254 Jan. 31 103 5 434 Jan. Jan. 10934 108 108 108 Sale 4 3 9454 Jan. 120 Sale 12034 120 11954 Jan. 87 89 8634 Sale 634 Jan. 101 102 101 Jan. 10134 Sale 106 10534 107 10634 10634 Jan. 5 Jan. 30 30 90 Sale Jan. 3 2134 June 12 46 101 H May 23 10734 Dec. 23 10434 May 14 10854 Jan. 19 109 June 5 12154 Dec. 13 5 8834 May 24 10334 Jan. 56 May 22 69 Apr. 10 2634 Jan. 10754 Jan. 30 31 80 A L 4s A u* 4 89 1,332,000 Virginia Pub Ser 534» A—1946 10234 Sale 6s Sale 1946 100 465,000 5s series B 1950 10054 Sale 731,000 531,000 Wisconsin P 734 26 Sale 28 108 30 107 93 Waldorf Astoria Corp— a5s income.deb .1954 10! 1,398,000 1951 107! 81,000 Wash Ry & Elec 4s Washington Water Power— 1st mtge 334s ...1964 123,000 Western Newspaper Union— Conv deb 6s 1944 592,000 2030 224,000 West Penn Elec 5s 1960 125,000 West Penn Traction 5s 1941 49,000 Wheeling Elec Co 5s 634 np 24 107 87 Sale 1973 6s series A 28 Sale Sale 123 Sale Sale 30 2022 Utah Power & Light 2554 0634 10734 12154 9754 6034 30 Jan. 534 Jan. 13 109 Jan. 634 July 30 114 Mar. 11 Dec. Jan. 16 5 Nov. 0 Nov. 4 Nev. 9 Apr. Apr. 20 8 Dec. 0 30 Dec. Apr. 27 Dec. 9 Dec. 30 9934 May 21 10454 Oct. 5 May 31 10234 Oct. 2 May 21 104 Sept. 21 13 94 2 95 15 4 29 107 May 21 1054 Jan. 3 May 16 10934 Apr. 20 27 10854 Jan. 6 10734 Aug. 26 10934 Nov. 12 3 6734 Jan. 9 108 Jan. 28 11834 Jan. 29 16 43 June 7 6054 Feb. 23 10434 May 31 10834 Oct. 22 10734 June 10 11734 Dec. 30 102 6 104 101 Jan. Jan. 27 101 Jan. 28 10754 Jan. 27 106 9734 Jan. 9934 Jan. 8 99 Jan. 28 10034 Jan. 23 90 17 94 9834 9934 100 1!!* tlx 16 June 10 3434 7434 May 22 9454 73 May 21 8934 5 110 !04J4 July 78 May 21 9734 110 June 1 12034 7234 May 28 89 5 102 9534 July 85 May 29 10634 10634 107 98 June 12 2034 Oct. 16 16 May 23 2 Nov. 6 105 Jan. 23 10234 May 28 10754 Oct. 31 June 19 100 June 6 101 Nov. 15 Nov. 22 In Jan. 2 EXCHANGE CURB 12 Months 1940 . AND \ 7,000 1,000 16,000] 5,000 6,000 15,000 19,000 " l" 666 "5",006 2,000 • No n Sold under the 27",656 par 7s rule. sale, 81 Jan. 26 Jan. 13 26 Jan. 15 13 31 6 Jan. 31 7 26^ 26 2234 Sale 22 24% 22% Jan. 20% Jan. 31 27 Jan. 20 27 Jan. 27 23 23 Jan. 27 27 Jan. 8 634 Jan. 20 0% Jan. 20 9% Jan. 8 93-3 Jan. 8j 7 18 6% 13 % 10 34 1334 Sale 1034 7 1M 7% % % , taken in said level. New dollar in the free during the month from peso, its the (Shanghai) dollar in the New York for South Africa, gold OTHER FOREIGN EXCHANGE repeatedly stated here that ever little of a reliable nature regarding the foreign exchange and financial the war very European countries. since the could be situation For the most part and financial arrangements of "the European countries have fallen under the domination of the German the economic authorities. to greater or less extent even Switzerland, the two countries whose cur¬ still regarded as free units and are regularly This applies to a Sweden and rencies are quoted in New York and London. The Reichsbank statement for Jan. 15 at on showed circulation 13,146,883,000 marks, which compared with a record high Dec. 31 of 14,033,213.000 marks. With the exception of 31, this was the"highest circulation since the German currency was stabilized in 1924, and compared with circula¬ tion in November, 1918, of 16,959,000,000 marks, which Dec. record figure proved the precursor of the disastrous infla¬ tion of that time. German observers now so long as the i insist that no such 2734 Nov. 26 2634 Nov. 12 1034 Apr. 8 14 Dec. 17 15 Jan. 24 8 2 23 15 28 9% Dec. 27 inflation is possible Government maintains its control of Dec. 10 % Feb. 16 % Jan. 6 1034 % 34 % 1734 Mar. 11 July 1 Feb. 16 Feb, 1 Mar. 28 90. 107. is Cincinnati Street Ry. 534s 1952, Jan. 23 at Southwestern Pr & Lt 6s A 2022, Jan. 27 at n Under the rule sales, in which no account taken in computing range, are given below: No sales. r Cash sales, in which no account is taken /: ' 9>f i 15 2634 Apr. 9 2634 Mar. 20 1434 Mar. 13 % Jan. Jan. 24 • in computing range, are given below: Alabama Great Southern RR. Jan. Cities Service Power & Light $6 2 at 75. pref. Jan. 30 is computing range, are given as follows: Switzerland. of the Continental 15 3 21 23 issued. principal amounts: $93,300,000 from Can¬ ada, $12,100,000 from Japan, $10,300,000 from Australia,* $3,000,000 from the Philippines, $1,700,000 from Sweden, $1,000,000 from Mexico, $900,000 from Hongkong, and of X, 9% , following start Nov. 13 20% Dec. 13 2634 Nov. 26 4634 Mar. 13 1734 Dec. 23 17% Jan. 7% Jan. % Jan. Jan. s the United been 6 Mar. 13 12 9 21 % Jan. 8% Jan. % voting trust certificates. States during Januttry were in reduced volume. The gold stock of the United States in¬ creased about $120,000,000 during the month, the smallest increase since August, 1938. Gold held under earmark for foreign account at the Federal Reserve banks rose about $55,000,000 during January and reached a new high figure of approximately $1,860,000,000 at the end of the month. "I11 the four weeks ended Jan. 22 the Department of Commerce reported the receipt of $127,300,000 of gold in has 7% June 49 Jan. 20 16 Apr. 19 934 Jan. 13 5 June 11 % Jan. 2 9% Jan. at 98. Terni Hydro wages, and every Observers in Berlin, prices, Federal Reserve Bank of CONTINENTAL AND June 12 8 21 6% Jan. % Jan. 17 Sale Xs % Feb. 1: It 7 12 7 significant changes occurred in the other principal currencies." Details of the gold movement at the Port of New York during January were outlined as follows in the "Monthly $600,000 from 17% Sale Sale % middle of the month, no the 9% Jan. "w w" with warrants. large shipment from Apr. 24 Jan. 11 5% May 31 11 20% Nov. 15 Sept.20 2034 Oct. 7 15 9% '20" §ji% one 4 12 25 hand, improved somewhat over the month, discount in terms of the dollar narrowing from about to 7j/2%. With the exception of a temporary decline in into 8 34% 34% OQ 15^ the other Aside from 22% 22% 34 34 resulted from rela¬ of the imports 7 14% 10 934 2134 21M 14% to 17^4%. This weakness, which tively small offerings, again illustrated the thinness unofficial market for Canadian exchange. The Cuban the 6% 13% 8% 7 14% 8 the New York rate for the Swedish krona remained at about $0.2385 until the latter part of the month, when it temporarily advanced to as high as $0.2390, Some European capital also was reported to have moved to Argentina. The free rate for the Argentine peso, which had been quoted around $0.2360 dur¬ ing the greater part of the month, rose to $0.2375 on Jan. 22 of 25% Mar. 7 % May 18 7% May 16 8j 22 25 (Continued from page 18) Review" 7 Sale "x-w" without warrants. a Deferred delivery sales, in which no account National Chinese 12% Aug. 16 18 May 9 May 21 Jan. movement of funds, however, the 29 20 25 18% 53 *34 traded flat, widened substantially 14 25 28 3o •w i" when subsequently remained at that discount on the Canadian 8 40 20 9J Above: "The Jan. 8% Jan. 26 "in" mortgage. "cons" consolidated. 11 27 8 Abbreviations Used Above: "conv" convertible. "cum" cumulative. receivership, certificates of deposit, for 2634 Nov. 25 2634 Dec. 2 53 Dec. 14 21 Jan, 3 5 U% 42%, t Reported in rate 15 Feb. 29 8 Sale 8 8% "n-v" non-voting. on Dec. 27 Jan. 7 Jan. "vtc" York market 12 Jan. Ex-dividend. and 9 52 s Despite this 20% Jan. 27 Sold for cash. "cod" 3oj 77 Deferred delivery Bonds being 2234 Jan. 25% a a 23 20% r Abbreviations Used 17 15 27 23 26 34 26 H —1921 1949 A5 34s 22% Jan. 22% Jan. 22 Sale Feb. 15 2834 Feb. 13 29 11 15 20 AMtge Bank of Chile 6s 1931 Mtge Bank of Denmark 5s 1972 AParana (State of) .Brazil 7s *58 aRIo de Janeiro 6348 1959 ARussian Govt 6348-. 1919 a634s registered-— 1919 ASantiago (Chile) 20% Sept. 16 20 Aug. 13 21% Jan. 2234 Jan. 20 1134 20 9>$ Sale 9 34 10% 14% 1634 1927---1947 of Oct 1927 1947 value, 12,000 21,000 Highest 24 50 25 25 35 35 70 50 13 8 a7s Issue of May a7s issue 7H 16 10 5 12 % 12 (City) Ger 7s 1939 (Prov) 6Hs 1949 ALima (City), Peru, 634S--1958 AMaranhao ? State) 7s 1958 AMedellln (Colombia) 7s__1951 Mortgage Bank of Bogota— 25,000 121,000 198,000 264,000 529,000 3,000 260,000 54,000 16,666 25 1234 1234 51% 42 % AHanover 9,000 13,000 2,000 30 AHanover 59,000 31,000 75,000 144,000 92,000 6,000 Sale Prices . Sale Prices 22% 22% 23 24 21% 2134 13 34 1947 a 6s 182,000 35 30 12 _ 4,000 Lowest Sale Prices 22 20% 20% a6s A __ 1952 45,000 94,000 Danisn Cons Munic 5Ms.. 1955 5s 1953 34,000 Danzig P & Wat'way Bond— Aexternal sf 6Hs stmp,_1952 14,000 306,000 AGerman Cons Munic 7s..1947 1*6",o5o Highest Sale Prices MUNICIPAL 1951 53,000 iBaden (Germany) 7s ACauca Valley (Dept of) Rep of Colombia extl s f 7s 1948 114,000 tCent Bk of German State & Prov Banks 6s B 1951 40,000 11,000 YEAB 1940 GOVERNMENT Agrlcul Mtge Bk Rep of Col— i20-year 7s__ Apr 1946 33,000 A20-year 7s Jan 15 1947 33,000 . .. Ask Ask Bid Bid Ask Lowest Jan. 31 Jan. 2 11940 Bid FOREIGN BANOE FOB JANUARY Price NEW YORK January IN PRICES AGGREGATE SALES 53 CURB EXCHANGE NEW YORK FEB.; 1941] Electric 634s A 1953, aspect of the Jan. 3 at 27» nation's economic speaking apparently for the Ger¬ man High Command, denied the possibility of inflation fol¬ lowing a change in the present political set-up. The uniden¬ tified spokesman stated that inflation would probably be a post-war development, "but not on our side." Rearmament costs of the Reich were estimated at 90,000,000,000 marks. The cost of the war has not been disclosed because it is regarded as a military secret. Since the war started the German national debt has increased by 35,000,000,000 marks. About half of the rearmament cost and increase, in debt, it was alleged, has already been paid by the taxpayer and the rest is covered by comparatively longterm loans. Tax revenue for the next year is estimated life. • 27,000,000,000 marks. a highly nominal market German at official marks were at around 40.00-40.05, at 12.20-12.50. announced on Jan. 25 that a In quoted during January in New York while registered marks were quoted The Vichy Government clearing arrangement had been concluded of exchange at 12.50 Belgian francs to the mark and permitting exchanges through Berlin. The French franc had already been established at 20 to the mark. The German Reckoning Office at Berlin will carry separate reichmark accounts for French firms in occupied and un¬ occupied French territory. A Rome dispatch on Jan. 23 stated that recourse to "con¬ trolled" inflation for meeting Italy's growing war costs French-Belgian fixing the rate press and financial of money and credit with its effects tempered by Government curbs on prices and production. Throughout January, as for many months before, the Italian lire has been held pegged to the dol¬ appeared likely as sections of the opinion advocated an increased supply lar at 5.05. The Swedish budget introduced in the Riksdag on Jan. 11 practically its whole stress on defense measures. The total expendittue^for^ 1941 were placed at 2,600,000,000 laid while tlie deficit from the previous budget was 1,000,000,000 kronor. To finance the new budget the Gov¬ ernment expects to receive 2,000,000,000 kronor in taxes and from the State income from governmental enterprises such as railways, posts and electricity. The balance will kronor, probably be made up by floating new loans and new taxes. At the opening of Parliament King Gustaf V referred to "trade agreements of great importance" concluded with Ger¬ many, the Soviet Union, and Italy. It was understood in these agreements were necessary authoritative quarters that to the country's political independence. has been exceptionally The Swiss franc York market for months past. days the Swiss steady in the New On Jan. 22 and following unit showed exceptional firmness. It was thought that the possible "freezing" of all foreign balances in the United States caused Swiss owners for themselves or as representatives of other European owners of United become active sellers. At the same time, States securities to market circles asserted, they converted the dollar proceeds with the result that Swiss currency was actively traded in New York. Word was received in New York from Zurich that the Central Bank of Switzerland had undertaken to stop all of such sales into Swiss francs, (Continmd on page 56) RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales 1941 Shares_ Jan. 1 to Dec. 31 12 $ 1,208 350 1,350 450 100 462 20 620 4,116 13,400 250 14,700 810 4,985 9,450 300 200 300 1,450 1,800 1,850 9,624 2,300 200 372 4,716 240 1,050 1,100 3,600 -V. ^,550 "2", 140 250 555 100 750 50 10 350 3,740 5,300 1,600 45,165 "2", loo 3,650 330 Seelig Mfg A 1 com. 10 989 820 1,750 70 200 .5 Bliss & Laughlin Inc com 5 Borg-Warner Corp common. .5 Brach & Sons (E J) capital * Brown Fence & Wire clA pfd. * Common 5 10 1 10 30 * 5 .1 * _ 18,300 Compressed Indus Gases cap-5 9,100 Consolidated Biscuit com... 62,896 Consolidated Oil Corp.. Consumers Co— V t c pref part shares 3,760 ..50 A 50 Common part shs v t c B. 2.060 * 12,948 Container Corp of Am com..20 2,985 Continental Steel common-. * Preferred 920 100 19,657 Crane Co common 25 4,390 Cudahy Pack Co 7 % cum pf 100 12.250 Cunningham Drug Stores..234 1,460 Curtis Lighting Inc common234 6,050 Dayton Rubber Mfg common_1 10 803 For footnotes 56. 50 Jan. 21 5334 Jan. Highest Sale Prices 40 June 11034 May 22 131 3 Jan. 29 934 934 3% Sale 3 3% 12% 12% 10 11 5134 Jan" 4 10 Jan. 9 11 Jan. 3% 3% 11% 3% 3% 7 3 234 Jan. 334 Jan. 28 12 Sale 12 Jan. 9 334 Jan. 334 Jan. 1234 Jan. 7 12% 16 18 19 11 12% 11 Jan. 24 13 1034 20% 16 11 14 22% 11% 15% .21% 11 15 9% 19 % 40% 9% 47% 11 Sale 3% 3% w* 96 94 Sale 17134 534 1534 % 21% 36 Sale 19 Sale 20% 31% 15 31 Sale 17 33 Sale 92 168 4 4% 8 Sale 35 38% 5 1% 34 Apr. 16 2% Sale 37 2 3% 3% 6% 17% 9% 18% 10% it* 9% 1734 9% 5% Sale 10* 1% 4% 3% 4% 16% 9% 10% 5% Sale 8% 4 Sale 23 Sale Sale 19% Sale 16 2% Sale 7% Sale 21 20% 14% 15% 21% 20 11% 14 82% Sale 4 34 17 2534 21% 11% iP 4% 6% 17% 10% 17% Sale 5% 1034 18% 4% 11% 6% 7 % Sale 11334 Sale 70% Sale 8% 4% 20% Sale 13 Sale 1% 4' 18 Sale 4% Sale 7% Sale 1834 Sale 2 2 Jan. 13 30 16834 Jan. 3 534 Jan. 30 9 Jan. 25 Sale 14 25 Sale 72 54# Sale 34 234 108 110 70 8% 90% 4% 3 7134 Sale Sale Sale Sale 23 34 35 3234 Sale 1234 1434 3 34 2% 7% Sale 334 134 wH 28 \VS 30 107 23 34 61 1834 2 ....35 1834 2334 10 1% Sale 1834 334 1934 31 2% 73 10 Jan. 2 2 1734 Sale Sale 8% 234 Sale 9034 Sale h 43 734 2 1 34 1234 1 1434 112 in* Sale ---- 6934 234 115 7134 Sale 834 934 7134 Sale 434 Sale 2% 234 3534 4234 2934 Sale 134 534 2 21 1234 14 Sale 2134 1834 8034 1834 34 Sale : Sale Sale Sale 15 Jan. 21 28 4 5 2 Jan. 21 30 30 1834 Jan. 2034 Jan. 8 10 20 18 Jan. 22 934 2 34 1134 1534 Jan. Jan. Jan. 11 2 Jan. 2 Jan. Jan. Jan. Jan. Jan. 2 14 2 4 11 10 Jan. June 24 15 July 16 8 Dec. 24 June 10 2 534 Jan. 2134 Jan. 15 4 31 1434 Jan. 22 21 8934 Jan. 2 9534 Jan. 10 % Jan. 534 Jan. % Jan. 14 Jan, 14 106 41 7 24 Jan. Jan. 28 Jan. 9 % Dec. 18 434 July 29 8 Jan. 13 92 Jan. 13 37 834 Jan. 2134 Jan. 14 Jan. 3 634 Jan. 2034 Jan. 29 14 Jan. 14 34 Jan. 2734 Jan. 3 1 Jan. 2 2 30 Jan. 18 24 47 14 Sale 2134 Sale 19 Jan. 4 14 9 June 10 % Dec. 20 Jan. 14 19 Oct. 28 55 June 4 11234 Jan. 2 7134 Jan. 28 Jan. 8 29 6434 Jan. 434 Jan. 234 Jan. 31 25% June 11 3 "6 June 7134 Jan. 934 "934 6334 64 434 Sale 234 234 3734 3734 2834 Sale 77 17 134 2134 30 7 934 Jan. 7234 Jan. 5 2 2 Jan. 10 234 Jan. 8 2734 Jan. 21 134 Jan. 534 Jan. 6 30 Jan. 10 234 Jan. 28 Sale 2034 4 Feb 15 23 "1734 92 134 Sale May 22 May 15 1 28 6 Jan. 4 7 14 634 Jan. 23 2 Jan. 30 % Jan. 16 134 Jan. 30 34 Jan. 22 Jan. 11034 Jan. 1734 Jan. 8034 Jan. Dec. 31 2 17 16 Jan. 3 23 34 Jan. 11 1834 24 9934 13 34 June 30 1934 Jan. 2 6 10 6 2 96 Jan. 15 51 Jan. 3 19 Jan. 8 12 134 Jan. 1034 Jan. 21 May 18 May 20 10 17 1 Dec. 30 31 134 Jan. 1134 Jan. 134 Jan. 11 134 Jan. 11 1 9 22 18 24 Jan. 9 24 Jan. 2034 Jan. 31 9 May 22 2434 Sept 23 Dec. 9 13 23 Dec. 30 734, May 2234 Jan. Oct. Apr. 34 Jan. 34 Jan 9 34\May 22 3 9 3 4 8 15 Apr. 26 May 10 Mar. 25 Jan. 3 634 May 2 Mar. 12 38 Apr. 15 Apr. 8 1634 Mar. 7 334 Jan. 26 8 Jan. 3 33 May 29 534 May 29 134 3 34 May May 21 \%* May 22 33 3 11034 July 24 11034 Jan. 29 ----- 2 234 May 23 May 22 2534 May 21 Jan. Jan. 434 134 34 1534 Feb. 20 84 23 30 3 Apr. 17 Jan. 2 Feb. 13 Jan. 11 Oct. 7 Nov. 7 Oct. 28 37 May 28 116 64 June 28 7534 73 May 22 1134 533-a May 28 91 10 234 534 11034 90 9 _ 8 3 1134 2134 1834 1334 Dec. 30 134 May 21 10 Jan. Jan. Apr. Jan. 8 93 234 115 111 71 11 1934 Apr. 20 24 Nov. 7 1134 Jan. 11 9534 Nov. 12 May 25 j2034 Sept. 10 434 May 29 1534 May 28 1834 Oct. 28 Jan. no* Dec. 21 434 Mar. 734 Jan. 2334 Apr. Mar. 14 2 112 8 23% 1034 May 21 14% May 22 834 Feb. 14 71 May 24 34 Jan. 6 22 Feb. 23 14 Jan. ' 2 20 26 2 6 73 11 26 1134 Jan. 3734 Jan. 834 Jan. 3 32 134 28 Jan. 14 10 21 18 Jan. 27 131 9 14 6934 Jan. 74 1834 Sale 134 .2 1034 Sale 1 16 Jan. 20 534 23 4 72 534 134 134 1434 2134 Sale 2 11 1034 Jan. 6 3 29 2834 Sale 1234 2 34 34 16 734 1934 Sale 27% 1234 6634 46 5 Jan. Jan. Jan. Jan. Jan. 17 Jan. Jan. Jan. Jan. Jan. Jan. 534 % Sale 42 7 17 9 1934 Jan. 341 % 534 Sale 634 2 13 334 Sale 3834 434 1734 1734 1634 734 Sale 22 Sale 16 9 Jan. 2034 6 31 534 Jan. 3434 Jan. 8 134 34 534 4 34 534 14 Jan. 1034 1534 3 34 434 1934 5 16 17 90 20 34 30 18 22 Sale Jan. Jan. Jan. Jen. Jan. Jan. Sale 106 134 34 434 334 534 Jan. 18 110 24 2 1134 153* 334 10 17 13 2 a 8 23 10 11 6 2 34 Jan. 534 Dec. 20 0 2034 Feb. 1734 Nov. 7 Dec. 16 35 34 Jan. 3 34 Jan. 2 11 4134 Jan. 3 8 20% Jan. May 25 100 Jan. 11 May 28 17534 Mar. 12 May 21 7% Apr. 24 Dec. 10 17 May 9 Jan. 2 134 Apr. 17 June 14 4534 Mar. 11 Dec. 27 7 Jan. 31 May 23 2% Jan. 4 Sept. 27 Feb. 8 Dec. 16 Apr. 1 Aug. 16 8% Apr. 15 4 34 Apr. 10 May 20 Dec. 30 734 Feb. 15 May 22 19 Oct. 23 May 29 1134 Nov. 1 May 24 1834 Oct. 25 May 21 12 May 8 6 May 22 Sept. 4 May 28 3634 Apr. 9 Oct. 26 1134 Mar. 7 May 16 5% Nov. 28 May 22 23% Jan. 3 May 23 2534 Jan. June 7 22 % Apr. Dec. 28 20 Feb. Dec. 18 5% Feb. June 1 11% Feb. 31 9 Jan. 6% 17% 10% Sale Sale Sale Sale Jan. 6 3 1% % Sale Sale 14% Sale 434 Sale 1% % 4% 3% 4% 16% 9% 17% 10% 5% 3534 8% 4% 1634 1734 1634 17 94 14 20 May 15 May 24 May 22 4 3X 3 Oct. 13 17 6 Jan. 5834 Nov. 7 11 Apr. 15 4% July 10 434 Oct. 31 May 21 9 Jan. 14% 20% 3Af> 5% 1534 Jan. 23 3634 Jan. Sale 10% Sale 15% 18% 3% Sale 434 Sale 1934 Sale Sale 36 29 30 30 31 3 Sale a Sale Jan. Jan. Jan. 2 1 15 32 7034 Jan. 2 145 Dec. Jan. 2134 Jan. Sale 3 5 5 10 17 May 23 May 24 May 21 May 22 9 9034 Jan. 163% 16434 16434 Jan. 4 34 Jan. 4% Sale 8 9 834 Jan. 1% Sale 134 Jan. 37 34% 3534 Jan. Sale Sale Dec. Jan. Sale 90% Sale _ 100 190 Deep Rock Oil Corp conv pref. * 8,576 Deere & Co common. * see page ------ 47 __ Cum class A pref Decker (Alf) & Cohn— Common 4,660 100 Preferred. ------ 5134 Sale 5 Elec Mfg class A Flexible Shaft com..5 & N W Ry com. 100 Ry pt ctfs "I" 100 Towel Co conv pref..* Common capital 1,260 * 7.627 Chicago Yellow Cab capital--* 33,331 Chrysler Corp common. 5 61,120 Cities Service Co common. .10 17,550 Club Alum Utensil Co com * 2,340 Coleman Lamp & Stove com__* 532,575 Com'wealth Edison com 25 822 ... 45 Corp— 60 50 x 52% 1 . 851 85 Lowest Sale Prices 40 June 6 53% * Co common.* v t c 11534 Highest Sale Prices 52% 1 278,000 Chicago Corp common 26,880 Convertible preferred- 960 Lowest 50% 49 3 Belden Mfg Co common....10 Belmont Kadio Corp ___* Bendix Aviation Corp com...5 Berghoff Brewing Corp 1 Binks Mfg Co capital. 1 Com part shs FOR YEAR 1940 Sale Prices Ask 11734 i~14 3 4,235 Chain Belt Co common 50 Checker Cab Mfg cap.4,900 Cherry Burr ell Corp com 60 340 * oarber Co (W H) common Chicago 8,350 Chicago 6,363 Chicago 468 Chicago 430 Chicago Jan. 31 Ask Bid 5 18,750 Common 13,050 Convertible preferred"II.I* 145,150 Cent & S W Util com (new) 50c Prior lien preferred 4,500 * 8,400 Preferred * 10.590 Central States Pr & Lt pref..* ""206 10,200 3,150 1 Aviation & Transport cap Backstay Welt Co common 111 Secur 760 5 _ Campbell Wyant & Cannon 7,633 Foundry capital * 4,527 Castle & Co (A M) common.10 2,030 Cent C'Hd Storage Co com. .20 22,660 Central ill Pub Serv pref * Central 740 700 —1£ANGE Sale 5 15,100 Burd Piston Ring common 59.589 Butler Bros common 14,061 5% cum conv pref 3,880 1,509 230 Sale 144 47 Automatic Products com Automatic Washer common Aviation Corp (Del) Barlow & Bid 128% 128% lll7 100 _ Bruce Co (E L) common 620 Bunte Bros common 10 1,500 2,100 4,950 . 62,600 Asbestos Mfg Co common 1 3,400 Associates Invest Co com * 9,150 Athey Truss Wheel capital..4 344 Auburn Auto Co common * Bastian-Blessing Jan. 2 Ask 69 1 2,480 4,240 71,668 107,220 1,800 2,350 5,525 16,250 9,250 15,450 64,376 44,460 7,600 21,889 90,172 3,820 4,200 7,700 25,250 Bid * common 150 ' Par 4,300 Allied Products Corp Com. .10 3,500 Class A 25 9,767 Allis-Chalmers Mfg Co * 270 Altorfer Bros conv pref * 6.4A2 American Pub Serv pref 100 45,281 Amer Tel & Tel Co capital.. 100 155,431 Armour & Co common.5 20,350 Aro Equipment Co com 1,000 ""'350 STOCKS 13,250 Aetna Ball Bearing common. 100 Ainsworth Mfg common 24,940 Allied Laboratories ""600 1939 $724,000 PRICES IN JANUARY Castings. 950 1940 ' 25 2,920 Adams (J D) Mfg common...* 6.059 Adams Oil & Gas Co com * 21,220 Advanced Alum 120 1940 $262,000 Jan. 1 to Dec. 31 8,420,000 1940 19,116 Abbott Laboratories com 170 4 34 % cum conv pref 4,909 Acme Steel Co common 571 1941 Price BONDS Shares Bond Sales January. Jan. 2 $ 10,000 Chicago Ry 1st M 5s ctfs..1927 714,000 Commonwealt h Ed 3 34s__1958 Shares -■ 1939 CHICAGO STOCK EXCHANGE Months 1940 January 607,000 6,850,000 AGGREGATE SALES In 1940 561,000 1940 January. Dec. Jan. June 6 13 6 Apr. 24 9 Mar. 20 Apr. 2434 Jan. 4 81 Dec. 30 Feb. 2 2 Jan. 12 1934 Jan. 23 3134 Jan. 26 19 '234 Mar. 8 Feb. 8 1134 Apr. 23 2334 Jan. 4 30 AGGREOATE STOCK In Months 1940 12 January 300 150 100 2,450 4,400 4,350 """285 300 700 4,350 1,500 """310 850 1,507 16,016 432 1,255 """250 1,710 1,150 7,450 1,388 • 50 1134 Sale 1,150 250 """260 Sale 15 1554 334 Sale 24 Sale 5654 2,450 1,665 16% 3,655 7,341 15,400 21,576 12.550 6,586 7,971 7,619 15,630 800 3,265 700 1,524 650 760 970 13% Internat Harvester 12% 23% ~2% "2% * C—-* 3,200 10 1,030 20 1,400 """200 14,550 Kingsbury 500 . 550 160 300 9.740 400 180 400 10,900 11,600 2,850 8,188 3,040 17,700 2,850 3.970 50 810 750 "4~, 710 35 4,650 210 1,550 14,250 ""1,756 350 450 2,890 150 450 100 3,268 170 1,955 30 14% Sale * pref 100 * 100 28% 3% 3% r Sale ~2% Sale > 4% 4% % 4% 4% % 16% 18% 105< 21% 4\" 2% 42 4* 160^C 55% 16% 37% 14% 90% 2 4% 5 8 7 Sale 23% 11% Sale 15% 94% 5% 3 9 1234 Jan. 30 14 Jan. 44 18 44 Jan. 105 3 334 Jan. Jan. 105 454 Jan. 834 Jan. 31 21 10134 Jan. 21 16! 11 2 534 May 100 101 38 15 90 May May 354 Jan. 2 3 Dec. % Jan. 22 5034 Jan. 29 Jan. 29 16 Jan. 2 8 734 Jan. 734 Jan. 134 Jan. 11 31 634 Jan. Jan. 9 26 30 1,100 1,445 5,450 120 50 4,000 50 200 110 10 """40 12,250 23,428 43,410 860 Northern Paper Mills com—* * 5,860 Northern 111 Finance com * 43.580 Northwest Bancorp com 3,750 Northwest Eng Co capital----* Nor West Util pr lien pref.-100 2,050 7% preferred 920 Nunn-Bush Shoe 4,490 100 common.-2% pf—100 6 130 Oklahoma Gas & El 7 % 1.496 Omnibus Corp common Preferred class A 40 270 Common * ----- — Convertible preferred * 3,000 Parker Pen Co (The) com—10 5 2,550 Peabody Coal Co B com 6 % preferred 100 860 280 400 200 20 400 2",733 4,453 340 3,350 3,550 28,654 18,383 2,950 Switch conv A—10 Elec A com * Pennsylvania RR capital 50 Peoples Gas Lt & Coke cap. 100 Perfect Circle (The) Co * Penn Elec Penn Gas & For footnotes see page 56. 3 2334 Apr. 10 50 Apr. 9 13 7 Jan. 28 1154 Jan. 1654 Jan. 134 Jan. 24 25 30 15, 3 7 6% 27 Sale 28 23 Jan. 9 23 Jan. 9 12 9 Jan. 2 9 38 36 Jan. 4 1434 Jan. 3734 Jan. 634 Jab. 24 K 534 634 2434 27 1434 Sale 27 28 4 334 4 2934 2954 27 5% Sale 5 Sale 534 Sale Ms 4% 3 '354 3 Sale % % % 34 9% 16% 6 6% 26% Sale 1 1% 35% 44% 4 3 34 13 34 Jan. 2854 Jan. 354 Jan. 2734 Jan. 334 434 334 434 34 54 34 54 1134 Sale 634 554 2534 27 34 134 36 44 6 334 2434 354 534 A 154 7 432 Jan. 10 454 Jan. 11 12 14% 12% Sale 6 10 12 1034 1034 Sale 12 52 2234 5934 12 13 20 13% 12% 3 Sale '34 3154 7 Jan. 6 Jan. 16 2634 Jan. 29 1 Jan. 29 "14% 120 5% 1 Jan. 30 7 9 29 3934 Jan. 15 30 2734 Jan. 954 Jan. "934 16 Jan. *30 1234 Jan. II 7 20 22 7 16 1034 2934 6 554 1134 1054 1034 9] 1254 Sale 2054 23 54 58 11 16 10 1034 2934 Jan. 28 2854 Jan. 30 554 Jan. 30 1054 Jan. 13 3 1034 Jan. 1234 Sept. 98 Apr. 1054 Dec. 334 July 9 9 32 7 3 Jan. 8 2234 Jan. 5534 Jan. 23 28 29 45 13 Jan. 3 7 2234 Jan. 5434 Jan. 23 14 Jan. 22 1034 Jan. 7 1034 Jan. 934 Jan. 8 10 15 15% 2% Sale 38 28% 9 954 9 Apr. 16 Jan. 24 30 3 9 Mar. 26 Jan. Jan. Mar. 98 24 1234 Nov. 434 July 16 9 Apr. 22 9 3 134 Mar. 28 3034 Dec. 11 36 Apr. 6 Dec. 31 6 1534 May 7 19 20 2234 Nov. 27 12 Jan. 70 Jan. 11 2234 Jan. June Feb, 12 Nov. 834 May 934 Aug. 107 II 12'4 Jan. 18 9 11834 May 5 14 34 Jan. June 834 May Apr. 8 Oct. Jan. Apr. 11 Nov. 12 22 7 % June 1234 May 12 Nov. 13 1154 Apr. 10 4034 Apr. 10 4 1854 Apr. 23 May 2034 May 3 Feb. 734 Jan. Jan. 2 12" 8 23 11 20 20 21 May 29 1034 Jan. Jan. 12 Jan. 3254 Jan. 634 Jan. 109 Apr. 12 12 109 1434 Ian. 23 Feb. 26 7 13 ' Sale 45 15 0054 23 14 17 o 54 Sale 3634 Sale 2534 Sale 5 54 45 50 13 12 34 Sale 16 54 34 2254 Sale 3934 Sale 26 29 Jan. 16 1234 Jan. 34 Jan. 10 29 13 Jan. 29 45 45 Jan. 31 Jan. 31 30 16 Jan. 2254 Jan. 3634 Jan. 2534 Jan. 31 2 2 2434 Jan. 11 Jan. Jan. 22 15 Jan. _ 9 29 34 41 27 30 24 Jan. 28 .Tune 26 May — 954 % 1% 23% 36% % 1034 1154 2634 134 4234 July 12 9 169 16534 Aug. 32 May 21 5534 3 8434 Jan 76 8 13% 12 34 June 24 634 Aug. 31 1 May 28 1 Jan. 31 24 534 Nov. 14 954 Jan. 11 34 Nov. 334 Jan. 23 6 54 Dec. 17 1734 May 23 14 1234 Jan. 6 34 Jan. 2734 Jan. 5 Jan. 30 30 1254 Jan. 28 14 % Jan. 35 29 4 6 Dec. 634 Jan. 634 Jan. 3 10 2534 Jan. 934 Jan. 1034 4 34 Apr. Apr. Dec. 24 Dec. 23 3 2 Jan. Sale 10 5 5 June Jan. 10 May 21 Jan. 10 Mar. Apr. 27 Mar. 28 34 May 28 20 3 2534 434 9 6 Sale 954 354 Dec. Jan. 454 Jan. Jan. Apr. 8 8 Apr. 5 3 3034 Apr. 1634 Dec. 11 3234 Apr. 26 Jan. 6 4 Apr. 17 29 30 Apr. 39 854 May 22 30 27 12 2654 15 354 Jan. 334 Jan. 3634 Sale Sale 14 2 9 3 Sept. 18 Jan. 11 Dec. 16 1434 1854 234 2834 1034 6 27 20 Feb. Apr. 5 30 6 154 Jan. 13 434 Mar. 29 Mar. 27 30 8 Sept 26 9 Apr. 20 334 Apr. 12 Jan. 3 26 754 Nov. 14 Oct. 17 12 19 Jan. Jan. 8 534 Jan. 634 Jan. Sale 37 13 Dec. 4 14 30 37 34 8 5 454 Jan. 534 Jan. A 354 35 10 1554 Jan. 2854 Jan. 17 3554 Jan. 1154 37. 1354 29 26 7, 554 Jan. „ 1 34 Mar, May 15 Nov. 29 1534 Aug. 16 5 4% Jan. 9 34 Juiy 15 9 May 22 1134 May 21 4 134 Jan. 2054 July 17 334 May 18 34 July 26 29 Nov. 654 854 8,10134 24 4934 28 105 It 634 6 334 1 Jan. Jan. 1% Sale 31 % Sale 3% 4 7% 16 16% 11 16% 16% 17 Sale 60 70 \ 18% 26% 27 100 2,820 Ontario Mfg Co common Oshkosb B'Gosh Inc— 9 4 5 7 5 Jan. 17 June 10 5 4 19 16 1034 Jan. 1554 Jan. 154 Jan. 8 10 1 20 Jan. Jan. Jan. Jan. 334 Jan. 8) Jan. Jan. 13 16 Dec. 3 12 234 June 34 Nov. 19 34 Sept. 9 2 54 July 15 23 54 May 21 37 38 Jan. 2 10634 Jan. 14i 334 2534 754 654 1J4 334 334 2554 26 634 754 634 7 134 Sale 1654 1834 634 7 10% 1254 1034 11 1554 1634 May 4 28 Dec. Oct. 1854 Nov. July Nov. 17 43 Jan. 6254 Jan. 434 Jan. Jan. % Nov. 13 M ay Nat 4,790 Jan. 94 May May Dec. Nov. May June Oct. Nov. June 18 2 10 554 1334 2934 2334 334 May 9 11 1034 Sale 334 Jan. Jan. Jan. Jan. Jan. 28 8 334 16% 11 16% Sale 154 2 26% 22% 1234 23 5 3 634 1854 2034 254 6654 3834 % 254 11J4 10 1734 Jan. 103 154 Sale 934 10 27 30 4 Jan. 454 Sale 8 Jan. 834 854 10134 Jan. 10034 48 4954 4834 Jan. Sale 35 34 15 Feb. 1134 Dec. 7% 4% 6% _ 1634 Apr. 1934 Apr. 2 Jan. 43 2VA 3% 4 17 Jan. 8 May Jan. 9 4534 12% 4 6 2534 Nov. 27 5 Apr. 18 18 Feb. 27 66 Apr. 8 8 5734 Jan. 8 May 28 1234 Apr. 254 Jan. 17 May 22 Dec. 9 4954 Apr. 15 8 5634 Apr. May 23 8 734 Apr. May 22 8 654 Apr. Sept. 26 5 % "July 24 May 22 6 12 34 Feb. May 28 8 Apr. May 22 25 1234 Feb. 21 May 27 Dec. 30 2754 Jan. 27 May 21 2034 Feb. 19 934 May 2 June 3 634 Nov. 9 Mar. 1 10 Feb. 7 May 21 1054 Apr. 15 June 26 1 July 29 2654 May Mar. 12 July 1 42 3 May 21 1534 Apr. Jan. 5 3534 Apr. 20 14 7 2154 334 9034 5334 254 2 Oct. 8 9 31 A May 11 21 17% Sale 1 5% 26% 14% 1054 30 22 1* 9 34 54 7 15 4934 Jan. 254 Jan. 49 77 75 22 9 34 1534 954 5 34 2934 Jan. 30 54 Jan. 11 Republic Invest Trust Cumul conv pref * National Standard— Common stock 10 Nobliti-Sparks Ind Inc cap. .5 North'American Car com—20 Jan. Jan. 1354 Jan. 1754 Jan. 54 Jan. 234 Jan. 834 Jan. Jan. 30 Jan. 11 Jan. 18 Jan. 13 3 Jan. 7 Jan. 2 Jan. Jan. 24 85 ..... 16 ..... 27 30 o 8 12 54 11 1434 Jan. 1234 1734 34 254 634 2734 2034 334 86 2% 2% Sale 3% 35 3 SI* 48 Jan. 40 254 754 28% 2054 20 Sale 27 3% 14 16 2 1754 7 Sale Sale 9 26 * 18 17 1334 Jan. 31 3154 Jan. 7 12 2 \45% 38% 7 * Jan. Jan. .7 8 10 38% Jan. Sale 27 Sale 16% 1% 28 8 25% 7% 36% 3 11 16 11 9 25 % 160 15% 1% 354 2 34 454 Jan. Jan. Jan. Jan. 2034 1034 1634 1654 2 Jan. 134 934 Jan. 934 Jan. 3 30 8 854 33 % 38 Jan. 8 Jan. 17% Jan. 1554 Jan. 1434 Jan." 39 Sale 16% Spec class A— * Springfilled com—* 3,400 * 1,160 jNational Battery Co pref Co 2 15)4 Sale 9% 1 Nachman 4,350 Nat'l Pressure Cooker 18 1554 14% 9% 7 1.230 Muskegon Mot 1.502 Nat'l Bond & Invest com Preferred series A 150 4,210 National Cylinder Gas Jan. 334 Jan. 4 6 6 24 14 4 7 Ward & Co cl A. * 40,734 4 4 Jan. Jan. Jan. Jan. Jan. 18 49 1% 3% * —— — — 850 Mountain States Power 200 " 34,400 Mer & Mfrs Sec $2 curnul part pref — * 3.820 59,850 Mickelberry's Food Prod com.l 260,900 Middle West Corp capital—5 9,200 Midland United Co common..* Convertible preferred A * 68,550 4,850 Midland Utii 6% pr lien—100 7% prior lien 100 4,400 7% preferred A 100 3,100 6% preferred A 100 1,600 19,180 Miller & Hart Inc conv pref..* Minneapolis Brew Co com—1 3,367 6.150 Modine Mfg common--.----* * 3.350 Monroe Chemical Co com 60 Montgomery Common Jan. 3% 2% * * cl A com—.1 500 ""90 5 Liquid Carbonic common * Loudon Packing common * Lynch Corp common 5 McCord Rad & Mfg "A"——* Preferred Jan. Jan. 105 * 10 McQuay-Norris Mfg com 36 43 23 30 30 Jan. 234 3954 4834 454 354 4 Jan. 7 - - - 550 Mc Williams Dredging Co com 1,200 Mapes Consol Mfg capital 112,532 Marshall Field & Co com 235 Masonite Corp common Jan. 2 654 Jan. 854 Jan. 8% Jan. 8 ---1? * Co capital 11 11 8% 9 9% 166% 44% 102 Sale 99 Brewing Co cap—1 Univ common—5 * Lion Oil Ref 5154 Jan. 30 7% 854 8% 4% 46,608 Libby, McNeill & Libby com.7 Lincoln Printing Co com——* 13.100 $3.50 preferred * 2,850 15,660 Lindsay Light & Chem com. 10 480 50 8% 98% 43% Leath & Co common Preferred 534 Jan. 6% 4254 Sale 8% 6 La Salle Ext 1.140 2,650 19% 45% Co com.5 Fur cap 10 ^Cumulative preferred— 900 3.900 LeKoi Co common 20 435 17% Sale Sale 49% 16 % 22,550 Katz Drug Co common.——1 * 17,750 Kellogg Switchboard com Preferred 100 1,900 7,195 Kentucky Util jr cum pref. .50 6% preferred 100 2.240 10,900 Ken-Rad Tube & Lp com A—* 5 16.608 Kerlyn Oil Co common A *2",500 4 16% 1,800 Joslyn Mfg & Supply 120 Kalalamazoo Stove & """155 • Sale 3% 3 10 19 Jan. 10 11] 16] 88 86% 61 % 32,624 Jarvis (W B) Co new capital—1 * 8,550 Jefferson Electric Co com 2,241 5534 Jan. 6 i?S Sale 13% Sale 17 18 % Sale 2% 3% 6% Sale 26% 27% 26% Sale 3% 3% 89% Sale 51% Sale 2% Sale 2% 16 % 17% 12% Sale 25 '-4 Jan. 17 27 27 Jan. 10 634 Oct. 29 3 54 June 6 1254 Feb. 17 3 May 28 1434 May 25 55 June 25 3534 May 25 3 634 Jan. 23 13% Sale 32% 34 1 4% 12% % common—* 4.570 Iron Fireman Mfg Co v t ""'loo 30 Jan. 10 14% Sale 30 32 15 $7 pref.——* $6 preferred 420 22 6 8% 17% 17 1154 Feb. Jan. 26 May 23 154 Dec. 5 3734 Dec. 16 2954 June 5 3 Jan. 5 14 18 29 38 3 6 7 8 38] 13% 14 * Inc com.—5 Hupp Motor Car common 1 Illinois Brick Co capital----10 Illinois Central Rri com—100 Indep Pneum Tool s t c new—* Indianapolis Pr & Lt com * Indiana Steel Prod com———1 Inland Steel Co capital * 260 Interstate Power 10 4554 Jan. 30 20 19 15 12 Mar. 1434 Nov. 18 Nov. 434 Apr. 3434 Dec. 254 Dec. 40 Mar. 4934 Apr. 21 13 28 Sale 13% 31 30 — Jan. 6 28 Hormel & Co Houdaille-Hershey— 3 28 Jan. 3 8 8% 854 13% Class B 3 34 Jan. 3234 Jan. 6 39% 3 16 9 64 7% 8 8% 19% Sale 10 Sale 16% Sale 14% Sale Jan. Jan. Apr. Apr. Feb. Mar. 1134 534 1034 1454 June 19 Aug. 7 434 May 15 934 May 15 31 May 23 9 May 21 1134 May 22 2154 Jan. 30 434 Jan. 7 56% 52% 16% 12 2% 2% 3554 36% 43% Sale 4 4% 3% Sale 3% Sale 10 16 14 7 _—-—* (Geo A) com * 5.400 Hubbeli, Harvey, 5 29 15 3 16 30 654 Jan. 54% Sale 16%. 11 2% 2% 38% Sale 48 Sale 4 4% Sale Sale Sale Jan. 40 62 11 23% 12% 27 Horders Inc common. 35,181 300 Sale 5434 Sale 3% 6% Sale Safety Razor com... 250 Godchaux Sugars Inc class A. Goldblatt Bros Inc common8,200 18,284 Goody ear Tire & Rub com—14,500 Gossard Co (H W) common.. Great Lakes Dr & Dk com— 57,250 Hall Printing Co common—10 12.549 Hamilton Mfg cl A part pref-10 250 11% 2% 1034 2)4 47% Gillette 2.290 Sale Jan. 354 Jan. 2834 Jan. 234 Jan. 61 69 Jan. 934 Jan. 934 Jan. 11 29 Jan. 15 6% 22% 4% Sale 1854 19 17% 16% 9 14 7 1 Jan. • 4 21% 24 ** Sale 1*6* Highest Sale Prices 6 6% 6 21 Lowest Sale Prices 9% Jan. 46% 6 7 6% 1134 4 434 13% Sale 16% 63 38 45% Sale 3954 Sale General Outdoor Aav com 430 3454 33 54 13 Highest Sale Prices 11 11 9 8 2,130 3,200 Harnischfeger Corp common. 10 Heileman Brewing Co O cap.. 1 26,850 Hein Werner Motor Parts--.3 7,400 25 240 Heller preferred (w w) nibb Spencer Bartlett com—25 3,240 850 ' 9 4% General Amer Transp com—5 General Candy class A 5 General Finance Corp com—1 General Foods common — * General Motors Corp com—1 4,977 2,750 16,700 14,792 104,919 6,407 9,855 50 Ask Ask Bid 11 15 15 5 6% 4% 5 9 % Sale 9% 9% "8% 34% 37 34 37 14 13% 14 13 14 16 16% 15 3% 3 3 % 3% 32% Sale 28% Sale 2 2% 2% 2% Bid Ask 13 6 Bid Pa* , Lowest Sale Prices Jan. 31 Jan. 2 1940 18,800 Four-Wheel Drive Auto 10 14,450 Fox (Peter) Brewing com 5 45,800 Fuller Mfg Co common. -1 11 450 Gardner Denver Cocom(new) * 400 $3 cum conv pref (new)—20 1*450 , Jan. 2 STOCKS preferred .—* 1,290 Dexter Co (Tne) common—*-5 8,361 Diamond T Motor Car com—2 8,331 Dixie-Vortex Co common * 3,450 Class A—— * 11,300 Dodge Mfg Corp common.--* 4,450 Eddy Paper Co. (The)-* 59,600 El Household Util Oorp -5 31,200 Elgin Nat Watch Co ---15 14,000 tEversharp Inc common 1 180 Fair (The) preferred -100 4,943 Fairbanks Morse common...* Fitz Simons & Connell Dredge 2,850 & Dock Co common * "'270 1940 Price EXCHANGE Shares 200 De Mets Inc Shares 10 RANGE FOR YEAR PRICES IN JANUARY CHICAGO SALES 55 STOCK EXCHANGE CHICAGO FEB., 1941] 30 Mar. 15 1334 Dec. Jan. 4 Jan. 11 734 May 14 34 Dec. 16 35 27 22 1 16 Dec. 6 5 16 Dec. 30 34 Dec. 43 26 47 1234 Sept. 21 25 May 21 2334 May 22 15 Mar. May 20 May 234 Jan. 17 2554 Nov. 14 4334 Nov. 29 8 Mar. 28 56 CHICAGO STOCK EXCHANGE AGGREGATE SALES In CHICAGO STOCK EXCHANGE January 12 Months 1940 Shares Shares 1,355 250 / 2,306 360 200 2,100 3,650 1940 Par 3,000 11,900 8,632 3,500 Pictorial Paper Pkg com 5 Pines Winterfront common—1 1,750 400 11,200 13,100 41,056 10,600 3,950 2,450 3,330 41,600 1,010 3,740 700 3,010 450 160 50 150 2,500 100 ""230 Sangamo Elec Co com 119 % H 11H 101% 4 25 H 9 «!* 28 610 700 1,050 5.223 70 150 6,574 500 4,100 15,770 3,135 2,779 670 108,166 '44,024 16,300 17,877 10,535 , 650 2,332 1,305 Corp capital Thompson (J R) common 1056 26,129 Union Carbide & Carbon cap.* 32,254 United Air L Transp capital..5 200 United Gas Corp common 1 7,908 U S Gypsum Co common 20 125,945 United States Steel common. _* 10,377 7 % cumul preferred100 22,890 Utah Radio Products com 1 14,000 Utility & Ind Corp common..5 Convertible preferred 19,700 7 1,610 Viking Pump Co common * Tin 5 14,900 761 1,800 200 1,450 250 10 Preferred 150 11,850 38,105 1,552 10,486 5,027 5,500 2,380 ""783 ' 376 710 2,300 1,800 777 1,748 3,320 19,300 11,131 13,400 60,737 3,600 " IX 1SX Sale 17 Sale 5X 65X 12 X 67 transactions. quotations in the the United Swiss franc foreign exchange market and the "free" market States As on a a 22 X 17X. 39X 5% 11% 83 Sale 69 % 16 X 23.27. ests franc It have was ranged during the in 40, the the at eign trade balance of these countries is only the rigid exchange control in each the units at present quotable % IX 1 X Hi IX 33X 395* IX 34 38 41 22 X 18 Sale 20% 17% 19% 19 20 20% 103% 104 X 95 7 5% 91 Sale 1 5 5X 4 4% 78 M 4% 15 89 IX Sale Sale 88 2 % 16X to Sale Sale two 5% 4% 74 4X 4% 13X Eversharp. sets of available for 23.21 and active than Inc. will have a life span 12 % 7% 6 31 Sale Sale Sale 1 Jan. 2 11 32 15 24 niH 10} * May May 22 6 7 4 Dec. 27 Nov. 12 Dec. 2 Mar. 18 Feb. 15 Nov. 20 Jan. 4 34 20 Jan. £Pr- Mar. Apr. 19 65 8 6 3936 Jan. May 28 May 22 Jan. Jan. 22 30 Dec. 31 2 Apr. Jan. Jan. Jan. 6 36 Dec. 31 8 10 May 22 May 31 9 Feb. 16 2 Argentina January signL joi' inter-American of nder bank charter as 40 534 434 7434 436 5 75% 5X 14% x 14 Jan. Jan. Jan. Jan. Jan. June 6 6 6034 1234 136 5054 4136 10334 June 10 Jan. 2 He Jan. 134 Jan. 23 30 Jan. May Feb. June May May 36 May He Dec. 134 M ay 21 21 21 Jan. 2 14 3934 Jan. 14 3934 Jan. 12 2 15 30 104 36 Jan. 15 7 Jan. 6 91 Jan. 2 2 Jan. 2 2 29 3 16 4 10 6 7 534 Jaoi. 5 136 1636 1436 1434 May May May June 7636 June 4 May 8836 June % Aug. 3% 336 7236 134 8X Jan. 7934 Jan. 534 Jan. 1534 Jan. 16 22 23 5 3 21 20 29 2 Feb. 5 2334 May 9 2436 J an. 8 2856 Jan. 3 4 11734 Jan. 8 Oct. 7 95 Apr. 30 154 Jan. 9 May 15 May 15 May 23 June 12 Mar 22 534 654 9336 436 Nov. 23 Apr. 26 Apr. 9 Dec. 31 17 % Apr, ft Ex-dividend. Jan. 2 and on the l5.05@5.15 on Far Eastern and 23.75 5.02@ Jan. 31. countries during January Japanese The RATES OF EXCHANGE ON LONDON FOR POUNDS STERLING Bankers' Bills Commercial Bills Sight Cable Transfers Sight 1. Jan. HOLIDAY O356o4 .03% 0356a4 .03% .03)604 .03% 4 6 8 Jan. ,03 J6a4 .03% 7 Jan. 9 ,03)6a4 .03% ,03)6a4 .03% ,03)6a4,.03% ,03)6a4,.03% ,03)6a4..03% Jan. 10 Jan.11 Jan.12 Jan. 13 ,03)6o4,.03% ,03)6a4, .03% ,03)6a4 .03% 03%a4 .03% 03%a4 .03% ,03%a4,.03% Jan. 15 Jan. 16... Jan. 17 Jan. 18.. Jan. 19. Jan. 21 Jan. 22. Jan.25 Jan. 26 Jan. 27 Jan. 28 Jan. 29. Jan. 30 Jan. 31 4.00 4.00 4.03%a4.04 $4.03%a4.04 A4.03%a4.04 i '4.03%a4.04 S4.03%a4.04 W4.03%a4.04 4.00 4.00 4.00 4.00 4.00 4.00 SUNDAY 4.03%a4.04 4.03%a4.04 4.00 4.03 % a4.04 4.00 4.03)6a4.04 4.03)4a4.04 4.03)6a4.04 4.00 4.00 4.00 4.00 SUNDAY Jan. 20 Jan. 23 4.00 4.03%a4.04 4.03)<(a4.04 f Jan.14 Jan. 24 4.03 % a4.04 SUNDAY 6__ Jan. ...I. 8 3^ lis* 21 19 Apr. Jan. 3 2356 Apr. 4 Feb. 1 87 Jan. 25 Nov. 9 Nov. 20 136 Jan. 5 Jan. 12 2 Apr. 4 3136 Dec. 13 4136 Dec. 21 23 18 Feb. 88 1 1 11 Jan. 2234 Jan. Sale 4 10 8 2234 Jan. 1 May 28 4 Jan. 34 12 22 7036 Jan. 29 2 33 June 17 7 Nov. 12 Mar. 9 Jan. 4 Apr. 8 Dec. 13 736 3836 2536 3234 4734 656 1634 9 17 3 Jan. 14 1736 May 29 14 Jan. 1 24 27 634, Jan. 12 Jan. 234 Mar. 12 234 Jan. 19 2834 Apr. 4 sphere, while yen is pegged to the dollar. London price for silver was 23%d. 011 Jan. 2 and 23% d. on Jan. 31. The Hongkong dollar was 23.63@23.82 on Jan. 2, and 23.79@24.00 on Jan. 31. The Shanghai yuan was 5.40@5.75 on Jan. 2 and 5.37@5.65 011 Jan. 31. Yen checks were 23.44@23.50 on Jan. 2, and 23.44@23.50 on Jan. 31. the Jan. hares. 2434 Jan. 1934 Jan. 30 Jan. Jan. Jan. Feb. 7 Mar. 14 28 Jan. 6 14 28 21 91 80 Jan. 2034 Jan. 9534 Jan. 6% 3834 Apr. 15 Jan. Jan. 2736 1236 % 834 21% 18% 96 2 12 2 20 93 June May 22 May 21 continued at the prevailing levels of previous months, with Chinese units alone showing fluctuation. Most of the Far Eastern countries come within the sterling Jan. peso 8 Jan. 2 the 10 27 30 31 130 34 Jan. 134 Jan. % IX 36 3 States, Brazil, Mexico, Colombia, Ecuador, Nicaragua, and the Dominican Republic. However^ any country that does not participate in the organization of the bank at the time^pf^its formation may already drawn. Dec. 88 3?* the Jan. influence of the possibility that the United States Govern¬ might introduce freezing orders with respect to all European funds held in the United States. A bill before the United States Congress calls for the organization of an inter-American bank with capital of $100,000,000. Among the counties which have already agreed to participate are the United of Sale Exchange Jan. of 2 6 Sept. 26 3036 Apr. 26 1034 Nov. 9 was on Jan. capital really keeps s 16 Jan. 19 Exchange on Buenos Aires was 23.70 on Jan. 2 @23.80 on Jan. 31. Exchange on Rio de Janeiro 5.15 unfavorable that ment intention 4 4 Feb. Jan. 6 6 Jan. their 8, Jan. 2 1 13 22, believed to be due to transfers of some European funds from New York to Buenos Aires under the fied 6 1034 2034 May 21 1434 Jan. Jan. Sale However, the for¬ so June 2834 July 70 17 levels. apply later for its minimum numbei and Chile had not up to t IX a Jan. 30 Jan. 9 Jan. 16 Jan. 22 Jan. 2 Jan. 3 Jan. 30 Jan. 2 Jan. 16 Jan. 30 Jan. 3 4 Jan. Jan. 21 Jan. 29 Jan. 30 12% IX X 26% 6934 Jan. 7034 Jan. 29 Exceptional firmness developed in the Argentine free around . 29 those covering more IX 30 IX ll* 65 14 6236 Jan. 62X Jan. 12634 Jan. 89 454 3X 84 X Sale 64 Sale between Washington. 6 May 21 62 May 28 136 May 21 24 2 Aug. 1254 July 24 5 62 Latin Export-Import Bank 27 June 6 8 636 Jan. 3 134 Feb. 2034 11 8 10034 Jan. 30 June 108 95 Sale American countries was steady throughout January, with a somewhat improved tone due largely to the assistance rendered to various republics dur¬ ing December by the United States stabilization fund and on 8 Sale 6y* would normally be the case. Exchange 31 30 1 Sale nS3* 90 Europe has been 3534 Jan. Jan. 31 6534 Jan. 14% Jan. exchange since the war 30 63% 13% understood in the market that German inter¬ the Jan. 2 21 23 62% 13% operated in the United of 18 8 Sale Sale States through Switzer¬ This understanding was substantiated in large meas¬ by the fact that trading in Swiss outbreak 14 24 2 21 11% land. ure 24 31 14 June 10 1 8 May 1 8 Aug. 13 12 Jan. 30 10134 Apr. 10 10134 Apr. 19 8 11 11 10% o the commercial franc day 434 2234 934 7834 136 2234 17X 36% 5% 1134 62% 127% 128% 126% Sale Sale H IVs Sale 19 market 33 23 Jan. Jan. Jan. Jan. Jan. 30 Jan. 15H Jan. 2 Jan. 5% Jan. 141 10 Feb. Jan. Jan. 1234 36 14% 236 12336 Nov. 29 Feb. 7 June 13 159 % Dec. 20 Feb. 19 55 X Jan. 17 June 26 Feb. 20 95 28 69 X Sale 1H H 156 Sale Sale "free" purposes touched 23.50, the highest at which Swiss exchange had been quoted since February, 1938. The com¬ mercial % Jan. 134 Jan. 34 June 4 636 May 28 May 18 7 15 67 86 66 H 117 consequence Jan. 23, The 33 Sale % Sale 7% 7X 6% 7 32 Sale 22 X Sale 1856 Sale 3756 375* 5% 5X Sale developed in the New York franc. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 72X IX 28% 1536 1734 12 X ^ Sale Sale 16 X 27 Sale 4H Sale 87 H except 12^ 1% X X 1% 26% Sale 12 12 X 1 X 7X Sale 5% {Concluded from page 53) from 65 12% Sale 2 Sale Sale 4 * 20 24 Sale 6% 16 3 Jan. 15 36 May 11 534 May 28 8 34 Jan. 20 Jan. 9 100 Sale tName changed from The Wahl Co. remittances 4 19 Jan. 2 105 Jan. 31 160 Jan. Jan. 3 57 X Jan. Jan. -8 1X Jan. 21X Jan. 31% 32X % Sale 36 14 % Woodall Indust common— 112 commercial 4 21% 3456 7 32 » 13 % Jan. Sale 18 2H Sale & 22 * 30 53 1 72% Sale IX IX 29% 30 13% 16 29 17X 13 6 Yates-Amer Mach capital-. -.5 Zenith Radio Corp common ♦No par value. 9 26 2% Sale 1X 856 ~ Wrigley (Wm Jr) Co capital Sale IX 29 3% 21% 23 Sale 78 X Sale 12 H Sale 12 Wieboldt 750 8 Jan. X Jan. 57% 1% 1% 15% 10% 101% 4X 22 9 » fWahl Co common. o Walgreen Co common 20 H Sale Wayne Pump Co capital— III 22 21% Western Union Teleg com.. 100 26 H Sale West'house El & Mfg com.. .50 116 117 X Stores Inc com.. Cum prior preferred 4,050 Williams Oil-O-Matic cornWisconsin Bankshares— Common 34,050 10 4X 1% in 26 H * 30 16 X IX H 15 X 10 27 1 % 2 Sale Prices 42 75 H 12 25 Sale Prices 10 x 11 Jan. 2 Sale 100 Jan. Sale 153% Jan. 56 1 101X —- 25 TraneCo (The) common. 101 ..... % X Sale 41 Swift & Co capital stock.. 25 Swift Internaclohal capital-.15 Texas 50 H 13 H 17 Sale — 59 Sale 159X 153 X 1 -2 common Highest Sale Prices 7 107 % 95 171 St Joseph Lead Co cap 10 1,060 St Louis Nat Stockyards cap..* 9,550 Standard Dredge (new) pref_20 30,915 Common (new) 1 875 Standard Gas & Elec com * 44,331 Stand Oil of Ind capital 25 1,690 Stein & Co (A) common * 1,800 Sterling Brewers Inc common. 1 34,822 Stewart-Warner Corp com 5 1,850 Storkline Furniture com 10 113,860 Sunstrand Mach Tool com 5 Lowest Sale Prices Sale X 10X 1% 100 1 23 * com Highest 3% May 48 15H 14% South Bend Lathe Wks cap. .5 South Colo Pow cl A com—25 Southw G & E Co 7% pref..l00 15,678 Spiegel Inc 4 Lowest Ask 7 7% X X 12% Sale 2 2H 10 85 % * Ask Bid 7H % Sale 1 Sale 156 (new).* Signode Steel Strap Co pf___30 Jan. 31 157 45t, 100 Common Bid 145 Schwitzer Cummins capital—1 Sears, Roebuck & Co capital._ * Serrick Corp class B common. 1 Sivyer Steel Castings RANGE FOR YEAR 1940 4H 12 H X 14% % 330 Southwestern Lt & Pow pfd..* 1,454 , 12 Raytheon Mfg Co com 50c 6% preferred 5 2,380 Reliance Mfg Co common—10 Preferred Rollins Hosiery Mills— 15,400 Common Jan. 2 Ask AH Process Corp (The) common. .* Quaker Oats Co common * Preferred -_100 Rath Packing common 10 20 K Bid Poor & Co class B * Potter Co (The) common 1 32,619 Pressed Steel Car common—1 4,250 15,168 5,060 3,000 5,520 6,200 T160 PRICES IN JANUARY Price Jan. 2 STOCKS ,03%a4 .03)6 03%a4 •03)6 ,03%a4 .03)4 ,03)4a4 .03)6 03%a4 .03)6 03)6a4,■03)4 4.03%a4.03% 4.03%a4.03% 4.03%a4.03% 4.03%a4.03% 4.03 %a4.03% 4.03%a4.03% 03%a4. .03)6 03%a4..03)6 03%a4. 03)6 03%a4. 03)6 03%a4. 03)6 4.03%a4.03% 4.03%a4.03% 4.03%a4.03% 4.03%a4.03% 4.00 4.03%a4.03% 4.00 4.00 4.00 4.00 4.00 4.00 4.00 SUNDAY 4.00 4.00 4.00 Exchange Baltimore Stock RECORD MONTHLY AND YEARLY RANGE OF PRICES ON 1941 Stock Sales January. 55,599 1939 563,150 PRICES BALTIMORE In 12 % BONDS BALTIMORE CITY BONDSAtlantic Coast Line Conn Certificates of indebt 6 % 7,900 1975 1,499,650 Bait Transit Co 4s flat A 5s flat 1975 529,900 B 5s 1975 71,500 54,000 Finance Co of Amer4«7r-.1947 Georgia & Alabama Ry Co 1st mtge cons 5% 1945 2,000 500 Georgia Marble Co 6% 1950 4,000 Interstate Bond Co 5% -.1944 5% 1945 "MOO "4",000 1,195 130 STOCKS 42,221 Arundel Corp 2,443 Atlantic Coast L (Conn) 200 Atlantic Coast Line RR """231 li,674 3,865 26,647 Bait Transit Co com vtc 1st Ask preferred vtc Bid Ask Bid 31% Sale 32% 34% 39% Sale 40% * * 765 75 47 1,381 1,060 502 . 512 338 40 50 971 _ 104 2 430 20 101 200 2",715 1,500 182 ""188 20,047 2,164 23,355 3,755 North Amer Oil Co com * No Jan. 33% Jan. 7 14 85 Sale 35 J an. Sale 40 Jan. 13 41% Jan. 100 Jan. 100 par 20% 21 22 40c Sale 1.55 Sale l"0l"%" Jam"i6 16X 17% Sale 19 30c 33c Sale 28c 1.70 Sale 1.90 Sale 14 Mar. 8 July 20 80 June 3 101 Mar. 28 July 20 Dec. 19 Jan. May 21 161 Feb. 20 23 17 Jan. 6 11 28 12 May Aug. Dec. 33c Jan. Jan. 2.00 Jan. 1.65 Jan. 31 30 23c July 1.35 May Feb. 21 2.8 70% Sale 6554 33 30 Jan. 15 30 Jan. 15 6654 67 Jan. 22 7154 Jan. 7 Jan. 5 10 110% Jan. 30 754 Jan. 31 7% Jan. 11 Jan. 11 Jan. 3 Jan. 28 118 109% 7% 5 Sale" 119 110% Sale ----- 5% 17 iS3 117 120 7 117% Jan. 109% Jan. 654 Jan. 5% Jan. 7 Jan. 4 118% Jan. 20 17 Il9" 17 118 Jan. 4 9% Jan. 4 3 29% 9% Jan. 27 16 Jan. 31 29 31% "9% 20 120% 31 9 9% Jan. 13 Jan. 8 66 Dec. 5 Dec. 16 May 91% May 25 May 9 June 2.25 Nov. 3 Sale 48c 36c 16 17% 50 1 Feb. 6 July 19% Apr. 5 3 Oct. 16 Sale 17 65c Mar. 26 1.25 1.30 2854 29 2.00 66 1 1.40 .50 71 47% 1.50 17 1.05 17% 70% 47% 17% 29% * * 67 X 68 54 Sale Jan. 1654 Jan. 29% Jan. 2% Jan. June 14 2.15 Oct. 11 Dec. 265 27 Mar. 12 Aug. 1.10 Jan. 4 Jan. 11 245 7 1754 Jan. 4 29 29% Jan. 7 29 13 3.00 Jan. 3 June Jan. 13 71 Jan. 3 June Jan. 1.05 Jan. 8 1754 Jan. 24 1.15 Jan. 29 8 15 70 June Jan. 18 1.10 Penna Water & Power com 1.05 Jan. 245 2.60 2.00 Sale Jan. 33 Mar. Oct. 1.50 240 43 X 13 % ll 55c June 1.05 13% Sale 27% 28% 83% Mar. 26 119% Feb. 10 Dec. 19 8 Apr. 4 14 Apr. 18 31% Apr. 23 130 Jan. 8 32% Feb. 27 10% Aug. 7 4 May 9 118 May Dec. 35c 21%. Jan. 16 20% Apr, 4 1354 Dec. 24 55c Jan. 26 2.50 Apr. 6 21 Feb. 15 28 Dec. 14 27 17% Jan. 20% Apr. 111% June 10754 Sept. 5% Sept. Nov. 28c 90 87 166 102 1654 Jan. 19% Jan. 15% Jan. 17 9454 Jan. 96% Ex-dividend. 6 14 Mar. 28 36% Nov. 15 42% Nov. 18 Oct. 24 June 6 101 May 28 103% Jan. 12 79% Nov. 14 23 May 21 30 May 21 10 15% 16% 16*$-. 17 45c x Jan. 100 89 value. 3 101 14 3 100 100 100 35c 5% Preferred 127 69,769 U S Fidelity & Guar 1,185 Western National Bank Jan. 102 8 97% Jan. 54 53% Jan. 21 54% Jan. 3 18 May 97 40c Jan. 11 12 Jan. 11 May Apr. Sept. May 8 6 29% Mar. 27 4% Nov. 26 75% Nov. 20 50 Apr. 5 May May Sept. 40c Dec. 1.45 Jan. 13 11 Dec. 18 Jan. 3 9 72% Jan. 112 Apr. 14 50 2 22 J Sale 21% 20 331 Sale 33 Sale 22% Sale 33 2l% Jan"'21 23 Jan. 29 90 75 9 Feb. 2 July 16 Mar. IS Nov. 12 Mar. Mar. 365 Phillips Packing Co 5% % pf 100 100 27 Real Estate Trust Co 10 450 Seaboard OommT com... 210 Highest Sale Prices SO 86% Preferred Lowest Sale Prices mm\ 1 2 6,372 40 Owings Mills Distillery Northern Central Ry. Highest Sale Prices 100 235 Brager Eisenberg Inc com 1 80% 82% * 9,223 Consol Gas E L & Power 4%% pref B._ 100 117 % Sale 2,157 571 4% % preferred C 100 1 4,410 Davison Chemical Co com 10% Sale 15,417 Eastern Sugar Assoc com v.t.c.l 30 % Sale Preferred v.t.c.. -1 4.169 125 5.650 Fidelity & Deposit 20 123 30% 32% 3,869 Fidelity & Guar Fire Corp—10 9% 10 5 2.170 Finance Co of Am class A 30, Georgia Sou & Fla 1st pref. .100 2d preferred 100 145 Guilford Realty Co 6% preflOU Common 1 501 25 14,083 Houston Gil preferred ...1 57,030 Mar Tex Oil Common class A 1 14,734 100 Martin (Glenn L) Co com 1 487 Maryland & Pa RR com 100 50 312 Mercantile Trust Co * 5,126 Merch & Miners Transp 2,731 Monon W Penn PS 7% pref_25 1,671 MtVern-Woodb Millscom.100 Preferred 100 1,862 30 334 National Marine Bank 2 32,638 New Amsterdam Casualty Lowest Sale Prices 103 65 Black & Decker common '""146 35 100% 103% par * 60 100 Ask 84 27 -.1946 166 5%-- Shares 8hares Bid Jan. 31 Jan. 2 1940 $ 5,300 142,500 19,900 15,500 RANGE FOR YEAR 1940 IN JANUARY Jan. 2 Months 1940 1939 2,619,350 Price STOCK EXCHANGE January 2,414,750 Jan. 1 to Dec. 31 AQQREOATB SALES $380,850 $198,700 ... 1940 1940 412,776 Jan. 1 to Dec. 31.. 1940 1941 Bond Sales 1940 / 22,524 Shares_ January BALTIMORE STOCK EXCHANGE 40 Apr. I Jan. 19 May Sept. 37 Mar. 18 Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales 1941 Scares. Jan. 1 to Dec. 31 ... 1940 320,896 352,272 1940 January 1939 4,371,196 Bond Sales 1941 January 1940 $167,150 $43,550 1940 1939 $1,625,715 Jan. 1 to Dec. 31 8,378,861 $566,500 AGGREGATE SALES BOSTON PRICES STOCK EXCHANGE In $ 18,300 108,500 13,000 21,700 "3",660 Shares 755 1940 S Boston & Maine RR— Par 294,200 1st mtge A 4%__ I960 635,200 Inc mtge A 454 % 1970 348,350 East Mass St RR ser A 454s '48 123,100 Series B 5s 1948 17,000 Series O 6s 1948 40,350 Series D 6s__ 1948 Shares 30 32 ""120 60 1,413 13,254 1,511 1,799 """197 75 2,858 2,116 par 14.242 American Pneumatic Service. * 7,694 6% non-cum preferred 50 3,226 First preferred 50 120,921 American Telep & Teleg 100 2,710 Assoc Gas & El Co clasrf A 1 330 Bigelow-Sanford Carpet com.* 1,570 6% cum pref 100 6,188 Bird & Son, Inc * 19,062 Boston & Albany 100 66,882 Boston Edison (new) 25 17.849 Boston Elevated 1(J0 16.850 Boston Herald Traveler Corp.* 1,048 Boston & Maine pref stpd__100 2,076 Common (stamped) 100 96 1,007 34,180 11,086 1,466 4,211 72 401 360 422 3,320 216 ""893 3,409 47 407 14 ""422 631 540 520 '"937 950 1,255 2,232 195 340 3/5 5,225 95 25 1,418 10 112 1,139 210 25 5 "loo 100 60 272 165 606 10,837 1,933 2,994 13,569 24,478 1,702 6,519 15,141 16,436 5,252 2,602 3,168 3,918 67,562 1,509 1,250 "120 1,509 Class A 568 100 25 25 '"560 4,414 400 375 580 2,314 1,778 185 1st "l",Il2 3,847 124 1,915 84 295 200 93 961 93 ----- 1st preferred class A. Class B 1st pref stpd 1st preferred class B 104 106 35c 50c lk l 30 Sale Jan. 3 105 Jan. 16 106 Jan. 31 106 2 10654 Apr. 10 Jan. 31 96 June 24 10654 Apr. 10 Class D 1st pref stpd Class D 1st preferred CI E 454 % cum 1st 1 22 20c Nov. 15 18 17 11 9354 3354 Sale Sale 8854 Jan. 3254 Jan. Sale 49 Sale 45 Jan. 1854 Sale 18 1 13k 1854 Sale 7454 Aug. 2354 Aug. 1754 Nov. 23 87 June 14 104 86 June 12 106 July 3 2 Nov. 30 Dec. 7 10k 1 3k "2k 3 ik 2 2k Sale 2k 2k 2k 154 ■ 14 1454 ilk "12 k 1154 19 12 k 90c 15 1 454% prior pref 6% cum preferred Eastern Mass St Ry Co First preferred cum Preferred 100 100 100 .100 B 100 Adjustment 7k 4$ 7c 43 k 20 61 15 k 16 H * * class A 3H 21 1.00 5 1554 18 23 k Sale 30k 35k 12k 24 26 k 36k Old _ 12 15 2354 2554 24 Jan. 28 Jan. Jan. 10 Jan. 2 Jan. Jan. Jan. Jan. Jan. 3 154 54 654 2 54 Jan. Jan. Jan. Jan. 10 2 9 2 5 Sale Sale 9/« Dec. 24 3 Dec. 12 Dec. 19 14 22 16 2 22 Jan. 9 2 54 Jan. 2 54 Jan. 13 1254 Jan. 3 14 16 Jan. 28 Jan. 3 11 1 Jan. 25 654 Jan. 30 7 Jan. 2 95c 454 Jan. 16 254 Jan. 6 5 Jan. 3 3 Jan. Jan. 3 1154 Jan. 154 Jan. 30 4 24 24 24 30 Jan. 2 9 x3k Jan. 3 54 Jan. 254 Jan. 30 2 354 May 23 13 2 Jan. 13 2 Jan. Jan. Jan. Jan. Jan. 24 20 June 30 12 Oct. 13 1654 May 22 2354 May 21 Jan. 28 354 Jan. 254 Jan. 14 9 4 Jan. 8 35c 35c Jan. 4 25c 1 4 4 Jan. 10 1554 14 Jan. 18 50c Jan. 15 52c Sale 1454 50c 2354 554 Sale 554 23 17 11 6 8 21 23 54 Jan. 30 26 Jan. 29 54 Jan. 6 554 Jan. 21 254 Jan. 22 254 Jan. 22 4 9c 354 12654 Sale 12654 Jan. "2 129 Jan. 23 64 ~k 26c Sale 10c 35c 85 11c 10c 22c 25c 4c 6c 50 _ .25 Reece Button Hole Mach__._f* Reece Folding Mach Co 10 * ._.* * com 2d preferred 112 * 31,153 Torrington Co (The) 300 Union Cop Land & Min Co..25 9,145 Union.Twist Drill 5 52.243 United Shoe Mach Corp 6% cum preferred 4,517 43,683 Utah Metal & Tunnel 25 Venezuela Holding Corp Vermont & Mass Ry Co Waldorf System Inc. 1 100 25 1 * Warren Bros * 1.0841 Warren (S D) & Co common. _* 10 80 28c 14 % Sale 23k Sale lk 2k 9H 9k lk Sale 11 k Sale 12 60c Sale 1.00 38 30 k 7c Sale 2454 84 k 43 k 28 Sale Sale 47c 2 80 6k elk 25 k 44 2 k 90 ke Jan. 33c 90 "50c" Jan. Jan. 4 ke Jan. 27 30 37c 90 Jan. Jan. 22 k lk 9 13 54 Sale 154 10 54 12 8 60c 3854 29k 1154 Sale Sale 1254 Sale 45 Sale 46 45c Sale 5854 6c 3 108 May Apr. May 1 Dec. Aug. 30 61 Jan. 32 9c Jan. 21 10c Jan. 9 6c Jan. 30 4c Jan. 30 lc Dec. July May May Aug. Aug. July May May 12 54 Jan. 30 31 13 54 Jan. 24 54 Jan. 15 22 54 Jan. 1 54 Jan. 13 154 Jan. 6 754 Dec. Jan. 30 Sale 31 95c Jan. 14 50c 31 40 Jan. 31 30 3054 Jan. 13 27 July 2254 May VA 854 Jan. 154 Jan. 45 7 54 Jan. 60c Jan. 40 Jan. 28 2854 2854 Jan. 1 29 28 23 10 10 Jan. 8 154 Jan. 10 11 Jan. 9 854 Jan. 13 10c 3314 5854 4454 45c 54 34 54 24 4554 4454 Jan. 6 ,4554 Jan. 50c 43c 9 50c Jan. 54 154 154 103 54 107 102 105 104 Jan. 854 Sale 8 854 854 Jan. 1 154 54 54 Jan. % 2854 Sale 27 2554 2854 Jan. « 1 754 554 5c 34 54 Jan. 57 54 Jan. Sale UJ 754 20 Jan. Jan. 8 107 Jan. 2 854 Jan. 15 2 12 15 54 Jan. 30 Jan. 255-8 Jan. 55 May 3954 June 35c May 3554 Jan. 61 Oct. 11 Jan. 28 10 70 Oct. June 554 May May July 7 Sept. 25* 2 Jan. 6 3 Apr. 24 9 Feb. 15 254 Mar. 19 Nov. 12 2754 Nov. 14 654 May 11 3854 35c 2 10c Dec. 10 954 Feb. Juiy 20 Apr. 20 Sept. 18 25 Apr. Sale c 20 Apr. 24 854 Feb. May 1054 754 60c Sale Jan. 654 Mar. 1 Sale 10c "35" 454 Jan. 4c 3854 1 12 May Aug. Apr. May 2254 154 854 1 1054 il* 5c* 10c 8c 4 2 18 13 6 14c "12 54 10c 55c 37c 16 1254 Jan. 63 Sale "40c Sale 4 Apr. Oct. 4 64c 59 Jan. Dec. 1154 June Dec. 20 Jan. Nov. k 3 25 Apr. 23 Apr. 20 3 Feb. 4c 5 36c 55l 23 "254" 68 ~H 754 30 18 54 2654 3154 4* 25c* 25 10c 8c 22 17 54 Jan. 254 Jan. 10c 154 13 54 4 54 1654 60c 1254 4 Jan. 7454 Nov. 15 Nov. 38 23 Mar. 29 354 Nov. 14 Nov. 14 40 54 Nov. 15 June 8 Jan. 126 k 10c 3 Jan. 23 7c 60 18 24 24 27 26 38 10c 100 June May May lk Aug. 254 Aug. 42 4k Sale 26 36 25i 9 7 Jan. Jan. Jan. Jan. Jan. 3k Dec. 54 11 5 7 854 Feb. 21 54 Mar. 8 654 Nov. 9 Nov. 19 45c 5 k 2254 1254 25k 2654 19 H Jan. in Mar. 3 10 3 54 2k Sept. 10 17 Sale H 454 May 21 28 1 25 5k 13 31 4154 Jan. 3 54 Jan. 154 154 Jan. 1354 xl2k Jan. 1 19 Feb. 254 Oct. 254 Nov. 28 May lk 25 Dec. June 12 Jan. Jan. 354 50c 3 6 8554 Jan. 1454 an. 28 Jan. 2254 Jan. 1254 Jan. Dec. 17 I* 2 Dec. Jan. 1054 Jan. 4 3 May 3 254 Jan. 5 May 3 Apr. 20 354 July 3 254 May 9 354 Mar. 28 3k May 7 154 Feb 13 16 Apr. 11 5 Dec. May 23 May 21 1254 May 22 58 8 80 Dec. Apr. 5 Nov. 14 26 July 1 7 Nov. 26 4c Jan. 354 Jan. 4 24 9 17c Jan. 16 1 154 154 154 lk 154 154 1154 10 Mar. 28 Mar. 5 20 * Apr. 18 254 Jan. 4 854 Mar. 27 6 54 Dec. 10 Jan. 50 24 25 7 36 4 Dec. 4k Dec. lk- June 12c 14 June 10 Jan. 50c k 1654 50c 14 54 Jan. 154 Jan. 154 Jan. 154 Jan. 1154 Jan. 12 54 Jan. 30 54 Dec. 6 38 54 May 23 30 10 6c 3 k 14 100 * Wichita River Oil Corp 4 1 1 3 54 25 Suburban Elec Secur 1854 Jan. 7 j,__ 100 Shawmut Assn Stone & Webster Inc. 16 2654 Jan. 354 ik Sale 4 37 k Jan. 28 35c 3 1 Mills Ex-dividend 13 Sale 13 k * 2.50 Colony 454 30 __100 100 Pennsylvania R R Quincy Mining Co x 4 20 6 Jan. 75c 154 2k Sale Dec. 6 3554 Jan. 12 54 3 May 28 17554 Mar. 12 6 31 Sale 14 k July Jan. 52 o Jan. Jan. Sale Sale Jan. 2 20 35 50c , 100 1 Dominion Co Pacific 8554 Feb. 49 9 20c 9 10 Certificates of deposit Old 144 5c 85c Sale 100 pref. 7,948 N Y N H & Hartford 143,024 North Butte Mining 228 Northern RR (N H)_ 7 5c National Ser Co common National Tunnel & Mines cm.: 31 16854 Jan. 6 k* Jan. 35c Mayflower Old Col Cop Co..25 Mergenthaler Linotype * Narragansett Rac'g Assn Inc.l 6% 3754 1 454 Sale 30 3k 100 465 N E Gas & El Assn pref 20,729 New England Tel & Tel 29 New River Co common d* 54 Sale „ 3 54 2k * c 4 54 2c 10c * v t Sale 154 5k 20 154 6 k 63c 15c Sale 75c 81 k 14 * (Boston) Preferred 5% 2,822 11,973 Mass Util Associates 1 20c 53 Sale 654 63c 5 2 k \* 23 lk 15c 5V2 21 13 Sale 7 20c Sale Sale 99c 58 100, Eastern SS Lines, Inc Hathaway Bakeries lk 6k 2k 13 5 12 60c 1 5 lh Apr. 23 Jan. 54 k 554 154 lk 154 154 154 V* a 24 Jan. 31 2 Jan. Sale 154 Jan. 154 Jan. 22 10254 Jan. 25 10 54 Jan. 3 9754 Jan. 10 "\H 154 154 154 45c May 22 3254 3 80 July 3 103 27 8 May 11 1254 28 *6654 May 29 92 Jan. k 654 Sale 2 154 154 Sale 154 2k 154 Sale Sale 5k lk lk lk lk lk 1 k ik 2 1554" 100 1 k k 17 * East Boston Co 10 Eastern Gas & Fuel Assn com.* 22 Sale 9 Boston Personal Prop Trust-_* Boston & Providence 100 Brown & Durrel Co common.* Calumet & Hecla 5 Copper Range Co 14 Jan. Jan. Jan. Jan. Sale 154 1 25 Jan. 154 1954 163 54 ke 89 pf std 100 Mining Co 40c 33 k 45 k Sale 2 100 45c 102 Sale 2k 2k lk lk 2k lk 100 36c 102 k 100 10 954 4454 Sale" 18 k Sale 100 40c 100 15 103 lk 154 21 Sale Sale 16354 Sale 25 No par value* 21 20 31 101 Sale Highest Sale Prices 7 72k Jan. 25 54 Jan. 7 2 1025-4 Jan. lk 19k 16754 UH Sale 78 100 943 Int'l Button Hole Mach Co. 1.840 4,407 5,502 2,178 Lowest Sale Prices 67 54 July 26 6854 Jan. 1854 Jan. 10154 Jan. 3154 92 100 Class C 1st pref stpd 1st pref class C 30c lk Sale' 171 100 916 Loew's Theatres 6,048 Maine Central 5,422 4,770 5,128 7,736 44,233 8,650 4,187 1,522 26,347 14,800 2,831 Highest Sale Prices 102 96 Lowest Sale Prices Ask 71 71k 73 j, 24 Sale 195* Sale 10254 Sale 104 106 Sale 1854 1015s 10454 104 100 _ 8,230 Isle Royale Copper 12,862 31,660 1,300 4,600 Jan. 31 Ask Bid 96 2 Preferred 1,537 Class B 4,998 1,305 Helvetia Oil Co T C lOOl * "92" "94" 100 _ 3,851 Bid 69 100 pref stpd Stores * 25,993 Employers' Group Assoc.. * 692 General Capital Corp * Georgian Inc (The)— 1,277 8% cum class A pref '..20 * 2,113 Gilchrist Co 14,653 Gillette Safety Razor Co * 15 3,110 Jan. 2 Ask 2k 2k H 3 954 Sale Preferred 107 Economy Grocery 650 "l~,892 Bid 100 Preferred Prior preferred 431 Cliff """956 RANGE FOR YEAR 1940 STOCKS _ 731 8,588 JANUARY Jan. 2 BONDS 1940 IN Price 12 Months January 137 4 Feb. 26 Dec. 17 Jan. 5 Apr. 22 Apr. 20 May 16 65 54 Feb. 21 92c May 8 84 Nov. 19 60c 25c Apr. 8 Sept. 24 May 13 1654 Apr. 24 2854 June 28 154 Jan. 16 954 Jan. 12 52c 1 h* Feb. Feb. 6 75c 17 5 Mar. 14 4554 Apr 5 Oct. 1 1254 Jan. 33 54 Mar. 16 5c Jan. 8 35 Oct. 3 Mar. 20 IVA 46 62c Apr. 12 Mar. 2 102 Oct. 23 954 Dec. 7 154 Mar. 18 2 31 7 Apr. 30 Sept. 9 \ Cleveland Stock Exchange RECORD MONTHLY AND YEARLY «v' ' 1941 Shares January Jan. 1 to Dec. 31 503,450 551,192 Jan. 1 to Dec. 31 AGGREGATE Price STOCK EXCHANGE In Jan. 2 12 Months January 1940 Shares 220 STOCKS 1.438 uAddressog-Multlgraph com. 10 1,364 Air-Way El Appli 1st 7% pf 100 5,317 Akron Brass Mfg com (new).50 5 3,218 Anier Coach & Body 1.115 50 271 970 59 54 790 Prior preferred 924 uBond Stores common 670 8 120 4,754 34 255 2,01b 8,212 497 145 170 49 22 178 90 935 85 "235 90 119 722 102 ""55 18 210 240 425 1,026 399 '4",353 87 515 "'267 357 200 580 85 855 323 TI56 30 125 "382 • 5.682 8,638 2,593 3,618 3,850 25,220 33,797 1,699 32 100 413 134 6,625 '"150 4,125 1,617 1,096 17,780 5,647 15,123 '2,032 2,692 2,748 669 20 575 3,101 840 350 377 ""747 935 a u 94 100 13 97 18 3 63 % 115 86% Sale Sale 12% 8 116 * J| Otis Steel Co common » 11% Packer * 10 Corp Patterson-Sargent * Reliance Elec & Eng com....5 * uRepublic Steel common Rlchman Bros— Seiberling ... Rubber Co com — * * Sparks Withington Co— 6% cum conv pref 100 Standard Oil Co com (Ohio) .25 Stouffer Corp— Class A $2.25 cum pref * Thompson Products Inc com.* uTimken Roller Bearing com.* Troxel Mfg -.1 uTwin Coach common 1 Union Metals Mfg Co.. .* uU S Steel common * Upson-Walton 1 13 13% 23% 35 8% 12 it* all 17 al43* Jan. 223* Jan. Jan. 6 28 zl2% June 83* Mar. 4 May 634 Jan. z453* May z§2* May Jan. 93* Jan. a51 Jan. al23* Jan. 93* 943* 153* 1% 783* 113 31 273* 173* 1134 63* 110 333* 43* 43* 10 93* 96 95 Sept.19 85 Jan. 26 May 22 z2934 Apr. 25 Mar. 15 z43* Dec. 27 z7 75 Mar. 27 70 Mar. 20 z8J* Oct. 16 zl434 Jan. 26 z98 Feb. 6 z85 Sept. 26 zl2 4 May 20 zl73* Dec. 2 Feb. 23 1 % Jan. 13 46 May 20 783* Dec. 31 zl08 May 21 zll43*Jan. 10 z26 8 May 21 z43% Apr. May 9 173* Jan. 13 36 Nov. 12 1234 May 28 20 Apr. 8 103* May 18 13 8 8 6 Apr. Sept. 25 5 Apr. 1093* Dec. 7 117 9 z22 Apr. May 22 z37 3 Jan. 383* May 24 50 6 1434 Nov. 27 173* Jan. 3 z1234 May 21 z2134 Jan. 8 Dec. 19 334 Feb. 19 2 J»n. z263* May 21 z41 3 zl03* May 22 z23 5* J»n. 7 z98 May Aug. 3 zl06 4 zll zl934 Jan. May 21 6 zlO May 21 z20% Apr. 7 z45 May 21 z693* Mar. 6 zl23* May 22 z243* Apr. Dec. 14 1334 Feb. 26 26 1534 X23* 2 7434 Sale 115 1123* 114 303* 333* 283* 293* 283* 2834 Sale 153* 1434 12 1134 1234 9 9 73* Sale 1113* 113 333* 343* 33 Sale 20 28% "18% 20 143* 15 Sale 363* 9 30 16 79 Jan. 6 74 Jan. 30 al 13 34 J an. 10 all334 Jan. 10 a30 Jan. 21 a333* Jan. 9 3 303* Jan. 273* Jan. 153* Jan. 30 Jan. 4 12 173* Jan. 13 73* Jan. 28 110 Jan. a33 Jan. 58 Jan. Jan. 73* Jan. 2 1123* Jan. 31 a3634 Jan. Jan. 8 58 11 16 Jan. 30 al8 Jan. 333* 113* 333* 33 12 11 133* 14 1334 133* 123* 1434 al334 Jan. "7 al43* Jan. 3 al43* Jan. 1334 al334 Jan. 18 7 11 8 13 173* 1934 Sale 234 233* 103* 403* 143* 123* 23* 113* Jan. Jan. Jan. Jan. Jan. al73* Jan. 52 Jan. 19 1334 413* 413* 41 106 "334 24 113* 4334 153* 153* 33* 234 2434 834 423* 33* 413* Jan. al063* Jan. "334 334 Jan. 2534 a245* Jan. 93* 4334 163* 434 a93* Jan. Jan. 42 153* Jan. 334 Jan. 14 16 18 41 35 183* 173* 34 1734 13* 353* 73* 323* 363* a3534 Jan. 7 323* 12 41 2234 223* 13* 30 34 3* 133* 39 Sale 36 Sale 5134 23 24 23* Sale 773* 134 % 14 30 2034 93* Jan. a353* Jan. 17 al23* Jan. Jan. Jan. 10 2 713* Jan. 4834 Jan. 22 2 31 a20 11 713* Jan. 22 4834 Jan. 2 36J 18 J 363* 18 30 20 22 37 Sale 35 11 1234 41 53 19 193* 183* 20 2 23* 26 283* Jan. 18 1 Jan. Jan. 7 Jan. a36 Jan. al2 Jan. a50 Jan. al934 Jan. a20% Jan. Jan. a2 2724 Jan. 11 16 213* 353* 3 Feb. 1 75 Dec. June 20 51 Dec. 12 Dec. 10 15 Jan. 22 39 413* Jan. 7 July 19 June 25 al063* Jan. 21 z95 334 Jan. 8 23* Dec. 31 a253* Jan. 11 zl65* May 21 all3* Jan. 4 z63* May 21 433* Jan. 30 34% May 28 16 Jan. 14 123* July 3 12 May 22 Jan. 14 23* June 10 3 10 May 21 z26 54 June 25 163* Feb. 7 8 38 Jan. 14 26 May 28 28 19 Jan. 9 133* May 13 13 13* Jan. 13 % Nov. 19 55 Dec. 18 31 a383* Jan. 10 z233* May 21 2 73* Jan. 31 4% Jan. 30 28 a36 Jan. 28 z243* Feb. 18 2 al2 Jan. z6% May 28 Jan. 15 a50 z41 July 15 30 a23 Jan. zl33* Feb. 23 18 a235* Jan. zl33* May 21 28 a23* Jan. 13* Dec. 27 30 Jan. 9 29 Dec. 27 44 24 Jan. 34 123* 303* 21 Jan. 23 133* al23* Jan. 30 al5 22 303* Jan. a2024 Jan. 30 15 Jan. 303* Jan. 30 Jan. 73* 93* 73* a7% Jan. a93* Jan. 17 313* 51 43* 11 15 67 634 353* 313* zl7 Jan. Jan. 934 68 53* 334 53* 3* al6 Feb. 29 May 28 May 20 3 Sale 33* 343* Jan. a33* Jan. 6 a324 Jan. 27 383* Jan. 38 Jan. Mar. 13 35 19 6834 63* 43* 73* 1 93* 16 463* 28 473* 3934 Oct. 15 26 4 Jan. 3 5 _ Nov. 27 14 z47% Apr. 16 18 May 9 Dec. 37 17 203* Nov. 16 1 % Apr. 11 60 Jan. 8 Dec. 45 9 83* Apr. 19 z47% Sept.23 zl334 Apr. 9 z53 Apr. 9 z23 % Dec. 30 Jan. z27 4 6 z354 Apr. 4134 July 30 55 Apr. 10 15* Jan. 1 4 303* Feb. 2434 May 2 10 Mar. 13 15 Oct. 303* 313* a303* Jan. 31 a32% Jan. 20 z25% May 23* Sale 8 73* 20 934 234 a83* 183* 63 a622* 62 Sale 524 6 43* 43* 4 634 53* % 93* 93* Sale 23* Jan. 31 Jan. 16 6 Jan. 16 a824 Jan. 6 6 183* Jan. Jan. 4 Jan. 30 a703* Jan. 3 30 63* Jan. Jan. 6 5 Jan. 27 Jan. 3 7 Jan. 13 Jan. % Jan. 22 Jan. 22 103* Jan. 27 Jan. 31 z353* May 25* Oct. July July z42 May 4 Aug. 3 May 4 Aug. 3* Dec. May 12* 50 143* 15 al43* Jan. 353* 363* a36 Jan. June z73* May z2634 June 80 May zl23* May 30 al73* Jan. 30 a4l24 Jan. 283* * 65 Aug. 15 37 June 19 Apr. 16 27 37 1634 403* primary markets on which odd lot sales were based. Dec. 16 z7 30 a22% Jan. 30 353* Jan. 11 Sale 183* 343* 234 834 18 z5 2 11 Jan. 30 al634 Jan. Sale 16 8 4 z8% May June 10 7 May 21 zl25* Mar. 3 1234 Dec. 10 May 21 143* Mar. 11 Dec. 10 10 Oct. 17 zlO May 25 18 zl4 May 21 z243* Nov. 9 31 May 22 403* Mar. 12 5 z334 Dec. 31 z83* Jan. a7% Jan. 29 al034 Jan. 193* al824 Jan. 11 22 Sale 334 23* 3 9 Sale 17 323* 7 Jan. zl2J* Jan. 44 Apr. z29 3 30 10 5 63 303* 503* 33* 103* 143* 6634 434 16 Nov. 26 July 35 35 12 Dec. 5 Jan. 12 10 14 42% Apr. 106 z9% May 21 zl83* Jan. 9 10 a21 Sept. 17 3* Dec. 12 J% 15 734 934 93* 9 50 36 10 Sale 106" 18 80 4734 Sale 70 483* 103* 163* 72 19 12 Sale 28 153* 17 al634 83* 93* a323* 333* aozy8 al23* 12 20 "7% al0% Jan. 3 al734 Jan. 30 2 Jan. 4 x 163* al534 Jan. 2 Jan. 23* 58 21% 24 a934 Jan. 101 99 o43* Jan. a43* Jan. 103* 43* 1634 1634 "41 4 15 zl9J* Jan. 6 273* Nov. 20 5 Dec. 9 21 85* Apr. 19 11 3 21 z6634 Apr. Apr. 18 21 zl5 zl9 2134 43* 45 Co com.. * * com..-.2 Weinberger Drug Stores * 210 W R I Corp 6% prior pref .100 J* Jan. Jan. Jan. Jan. 16 Warren Ref & Cbem Reflects prices In Jan. 223* 434 83* a473* ""* 59 Vlchek Tool Unlisted. Highest Sale Prices al4 .534 143* 173* Van Dora Iron Wks 1 6,945 White Motor * 7,022 Youngstown Sheet & Tube. 30 53*% cum pref ser A 100 790 uYoungstown Steel Door com.* 1134 Lowest Sale Prices 15 58 66 uOhio Oil common: 49 Highest Sale Prices 223* 50 23H 100 Preferred 80% ... "405 1,243 12% 21% 50 200 155 6 59 * fIS 601* 546 87 28% 6% 3 5 Lowest Sale Prices Ask Ask Bid 1416 2534 2034 Sale 534 83* 103* 51 13 86 51% 1,528 Greif Bros Cooperage A com.* "46 % 15 12 — 5 1,063 Halle Brothers... 41 Preferred —50 89% 1,739 1033* 511 Hanna (M A) $5 pref.....— * 102 4 3 3,146 Harbauer Company * 28% 28% * 3,770 ^Industrial Rayon com 12 12% wlnterlake Iron common * 5,169 36 42% —-—-..* 11,067 Interlake SS— 1,991 Jaeger Machine * 18% 16% 16% 18% 6,775 Kelly Island L & T * 4% 3% ._....* 13,700 Lamson-Sessions 12% * 12% 1.346 Leland Electric 41 41% 1,390 wMartin (Glenn L) common. .1 18 684 McKay Machine 15% —* 35 1,367 McKee (Arthur G) class B —* Sale * 5,052 Medusa Portland Cement 2 3,035 Metrop Pav Brick Co com.. * 65 86 M etropolitan Pav'g Brick pf 100 36 % 36% * 2,983 Midland Steel Prod 6 * 6,277 Miller Wholesale Drug 27% 851 Monarch Machine Tool Co—* 10% 1,340 Murray Ohio Mfg * 285 Myers (F E) & Bros Co com—♦ 50% 1 14% ~15% 9,354 National Acme Co com 26 26% 1,834 uNat Malleable Steel Cast com* 3 3% * 14,747 National Refining 36% 34% 4.077 $6 prior preferred ...._..* 74 52 8% cum pref —100 1% * 9.681 National Tile ....... * 2,918 Nestle LeMur "A" 18% ..* 18% 8,572 «N Y Central RR com 30 715 Nineteen Hundred Corp A...* 1954 "20% * 1,054 Ohio Brass class B__ 12 55 Ohio Confection Co cl A com.* 250 1,514 3,733 22% 2 $5 cum preferred.. 7,652 Goodyear Tire & Rub com... 1,664 Great Lakes Towing —.100 ""868 240 13 95 — 330 "230 12% 163* 1,723 Clark Controller IK 8,932 Cleveland Builders Realty—.* 58 29,680 Cleveland Cliffs Iron $5. pf— * 202 Clev El 111 $4.50 cum prer * 113 36 4,960 uCleve Graphite Bronze com.l 18% 20.783 Cleveland Rys ...100 17% 103,114 Cliffs Corp 5 11% 6,246 Colonial Finance Co common. 1 7% 1.345 Commercial Bookbinding.. * 2,181 Dow Chemical 5% pref 100 114 29 K 5.680 Eaton Mfg. Co.common 4 916 Klec Controller & Mfg ..* 570 Faultless Rubber Co com....* 21 1.439 u Firestone Tire & Rub com. .10 3K 1,050 Fostoria Pressed Steel—.....* 40% 6,953 uGeneral Electric com * 22% 2,213 General Tire & Rubber com..5 247 Preferred... 100 103 18% 2,730 uGlidden Co common * 19% 7,380 Goodrich (B. F.) Co.common 740 60% 87 —100 49 Canfield Oil common 11,768 City Ice & Fuel 442 63* % preferred 15 14 83* 8 554 1 12,703 Brewing Corp of America "'583 8 100 Bid 18% 9% 18% 2.160 uAmerican Home Products—1 2,583 Apex Electric & Mfg— * 15 340 Ask Bid Jan. 31 Jan. 2 1940 Par Shares RANGE FOR YEAR 1940 IN JANUARY PRICES CLEVELAND SALES 1939 1940 1939 1940 1940 1941 January. 37,954 51,852 _ EXCHANGE THE CLEVELAND STOCK 1940 Bond Sales RANGE OF PRICES ON Stock. Sales Reflects range of prices in primary markets. - z3834 z5234 534 zl334 18 J* Nov. 16 Mar. 14 8 Dec. 27 Feb. z763* Nov. 9 9 634 Dec. July 13 65* Dec. 12 Feb. 21 103* Jan. .65 Jan. 2 26 zl7% z48 34 993* z283* Dec. 36 x No print Jan. 3 Dec. 16 Jan. 4 sales only. RANGE OF PRICES ON Stock Sales January In 12 1940 217,396 Shares_ AGGREGATE SALES 211,846 DETROIT STOCK EXCHANGE 1940 Shares 10,705 400 2,491 1,924 500 4,608 2,900 "2,061 725 845 3,121 225 2,063 1,420 Ttm 6,612 4,500 275 165 410 520 ~ 315 """816 520 1,300 895 5,007 1,275 9,872 2,555 3,466 1,200 315 Par 1,605 2,395 675 2,300 4,907 2,884 2,100 4,000 22,683 975 100 1,750 246 410 1,480 834 1,077 399 3,694 12,176 8,563 8,577 298 2,057 1,326 ~ 1,882 1,620 915 225 1.020 940 560 1,941 350 1,823 4,354 1,300 35,654 52,476 10,035 5,589 11,072 42,079 732 1,985 "1450 """loo 1,400 700 21M _ 14 2 19 Sale 80c Sale 123 56 Sale IK IK IK "354 12 54 ~JK 25 K Sale 554 Sale 29 K 5K Sale 14 2K 4K 2K 2754 4K 32 K 10 K 2K 54 K Sale 2 56 Sale 3 * Jan. 30 24 Jan. 10 90c Jan. 856 Jan. 35c Jan. 9 14 68 Jan. 67c 65c 16 Jan. 73c Jan. 27 2 24 4 Jan. 2 1756 Jan. 2 31 Jan. 11 Jan. 2 17 Jan. 2 3 54 Jan. 30 354 IK Sale 68c 68c Jan. Jan. 114K 115 10 K IK 1K l~K Jan. 2 2K 154 Jan. 78c 25 117 9 28c 19 16 K Sale Sale "29 54 "3 Oh 13 14 m 2 K 20 456 25c Jan. 32 12 15 254 48 ■76c' 73c Sale Sale 2 K Sale 95c 40c 33c IK 3254 254 "3 6 Jan. 29 1K Jan. 3 3354 354 14 45c Jan. 7 1756 Jan. 21 7 Jan. 28 756 Jan. 156 Jan. 2 8 356 Jan. 28 354 Jan. 23 1356 Jan. 356 Jan. 256 Jan. 29 14 Jan. 29 4 Jan. 20 Jan. 31 554 Jan. 7 39 13 4 3 K 2 K 2K 20 Sale 5K 33 14 5K 254 Jan. 2256 Jan. 654 Jan. 82c 45c 2 2 54 Jan. 4354 256 254 Jan. 4356 Jan. 254 Jan. 30 4856 Jan. 256 Jan. 98c 85c Jan. 20 1 Jan. Sale 35c Jan. 15 50c Jan. 8 756 Jan. 24 756 Jan. 5K 6 54 "l554 18 K 1354 18 K 12K 14 1456 1456 1256 »?an. 4 1956 Jan. 1454 Jan. 13K 554 Sale 13 K Sale 11 12 1256 Jan. 20 4 Sale 4 Sale 4 Jan. 2 38c 42c 36c Sale 36c Jan. 23 13 456 Jan. 45c Jan. 154 Jan. 13 13 56 Jan. 13 K 9 ..... "19K 7 5 8 45c Sale IK 50c 24 K 2 IK 53c 57c 18 19 25 2554 4 54 IK 4 4 K IK IK IK 60c 25 h Sale 2 19 156 156 Jan. 156 Jan. 29 11 27 14 10 common.. 1 Mich Steel Tube Prod Michigan Sugar common Preferred K 2.50 8 95c 7 54 Sale io 6K Micromatic Hone Corp. I I.I.I Mid-West Abrasive com 50c Moore (Tom) Distillery Co.._l Motor Products Corp com * Motor Wheel common.... 1654 Sale * Sale * Sale 2~.50 com... c2(^ * Sale peninsular Metal Products... 1 Brewing Co com Prudential Investing Corp.._l IK 654 Pfeiffer Reo Motors Inc vtc 2 1 ~~3K Sale 25 1 common B..IIl "JK 13 (Frederick) common. * cum part pref. 100 Timken Axle common K 10 24 Sale 254 4 "1 4 ..5 II ~1 5 Sale r "50 A...I ♦ 25 1 ...» ~ • iv 3 Feb. 19 954 156 3554 456 May 2 Nov. 30 Nov. 4 34 Apr. 29 30c 156 5K 256 156 456 156 156 1054 156 656 80c 4 54 656 156 Jan. Jan. Jan. Jan. Jan. 50c Jan 10 64c 4 5 55c 656 156 156 51c 12 1954 1054 154 656 156 Jan. 7 654 10 1656 Sale 3 Sale 31 29 Sale 2056 1154 156 8 54 156 156 256 2 18 Sale 21 956 75c 16 1956 856. 956 156 Sale 654 8 156 154 87c 2 54 156 19 5 154 156 11 1 256 156 1954 iH li* jiH 2 154 Jan. 16c 5 17 54 756 3 54 30 Sale Sale Jan. 3 10 15 3 29 23 16 3 10 28 9 3 32c 1954 May 22 254 May 14 1 56 May 17 154 456 3 456 8 454 1 56 1754 456 2 56 156 Sale 3*4 5 9 2 56 1854 5 156 ----- 27 3 54 21 4 9 2054 Jan. 17 154 Jan. Jan. "30 156 Jan. 16 11 30 Jan. Jan. 256 154 2056 456 156 i* 13 Jan. 7 Jan. 24 Jan. 10 Jan. 7 Jan. 11 Jan. 3 Jan. 15 27 16 Jan. 9956 3356 156 456 354 5 10 10 Jan. 8 Jan. Jan. 3 2 Jan. 16 Jan. 20 Jan. 11 5 156 3 54 354 454 8 956 9 Jan. 4 656 156 256 2 54 Jan. 9 256 Jan. 5 1 Jan. 8 5" Jan""8 Jan. 20 156 Jan. 8 2 56 Jan. 17 Jan. 8 16 456 1 1656 2456 256 Jan. Jan. Jan. 30 Jan. 13 lb _____ 556 Sale 20 30 3 18 654 Nov. 13 156 Jan. 40c Mar. 2 Aug. May May May May May 1 17 156 Jan. 20 3 5% Jan. 3056 Jan. 30 29 354 65c 6 Jan. 3 154 Apr. 30 Jan. 27c 6 30 99 24 Dec. 26 Jan. 30 156 354 May 14 July 11 30 75c 15c 1 956 21 1256 21 454 21 1656 "8 256 15 2956 Dec. 27 18 July 5 854 Jan. 8 1 654 May 21 156 May 22 1 Aug. 27 254 May 24 156 May 15 1756 Aug. 16 356 June 10 75c June 6 1 1056 9856 1856 156 4 May 15 July 12 Mar. 30 May 21 Dec. 30 Dec. 26 2 May 23 256 May 28 4 Jan. lO 4 May 24 1 June 28 754 Aug. 7 356 May 15 1 May 21 1656 Jan. 10 23 May 14 2 54 July 13 7 12 Dec. Jan. 2054 Jan. 956 Jan. Sale 24 Dec. 4 29 10056 Feb. 456 Mar. 2 55c 3 54 Jan. 3056 154 Jan. 10 Mar. 9 18 27 99 "32"" "33~" 9 60c 26 29 Jan. 21 15 Jan. 3 3 Feb. 15 17 Jan. 454 Jan. 654 Jan. 154 Jan. 17 21 May 21 Apr. Feb. 8 23 27 16 May 22 1656 656 52c 156 May 24 Jan. 7 Oct. 28 156 Nov. 12 11 Jan. Jan. Jan. Jan. Jan. 1056 Jan. 28 22 21 15 5 1754 Jan. 856 Jan. 7 May May May May 7 23 Jan. 9 1 14J6 May 15 30 Jan. 24 Jan. 5 Apr. 8 Apr. 15 Jan. 5 Apr. 2 Apr. 9 6 Apr. 17 2054 Dec. 12 1456 Feb. 8 15 30 Jap. Sept. 27 / July 8 15 3 8 25 23 1356 256 56 356 156 80c 1354 Jan. 11 28 31 254 156 20 54 45» 154 156 10 * 156 Jan. JkK 70c Jan. Jan. 1 4 Feb. 1556 Mar. 454 Jan. 254 Jan. 3256 Jan. 656 Apr. 33 Jan. May 156 Nov. Apr. 254 Jan. 156 Jan. 25c 1754 Jan. 656 Jan. I56 9 15 21 15 22 556 Feb. 13 154 8 15 19 23 28 22 26 2656 Jan. 23c 24 July 12 24 8 Dec. July 156 May 3756 May 2 May 50c July 2556 Jan. 4 54 Jan. 156 Jan. 8 • June 2554 5 2 70c 11 24 4 21 25 Sale 856 66c 16 54 7 1656 2354 8 1 154 1 Universal Products common..♦ 9 35c Jan. 3 Nov. 25 25 7 Jan. Jan. 11 656 May 75c July 27 May 256 Dec. 2054 Jan. 1056 May 256 May 2 May 1954 Dec. 354 June 9 5 1 Nov. 25 Feb. 25c 13 19 Jan. 1M 8K 100 Brewing Co common..1 Udyhte Corp ommon 1 Union Investment Co com * United Shirt Distributors..!I* United Specialties common. 3 K 6h 20 5 1 Tivoli 60c 1 Rickei (H W) & Co common..2 River Raisin Paper com Scot ten Dillon common.. 10 Sheller Mfg Co common IK 5K 50c 5 _ 18c Nov. Jan. 154 Apr. 13 256 Mar. 27 156 Apr. 10 1754 Nov. 28 60c 2 2 1856 Jan. 29 1954 Apr. 10 156 Apr. 23 May 15 156 May 15 21 Sale Sale "l2~~ Murray Corp common. 10 Muskegon Piston Ring com 2~.50 Packard Motor Co com Parke Davis & Co... Parker Rust-Proof com."."." Parker Wolverine Co IK 15c 2 K 83c" * 1 Jan. 2 19 May 16 May 20 9856 May 22 125 55c 13 5 21 Dec. 15 14 53c 24 Sale Sale Oct. 59c 454 156 May 9 2656 Nov. 12 156 Feb. 20 1256 Jan. 4 154 Jan. 954 Jan. 9056 Apr. 1654 Apr. 156 Jan. 456 Feb. July 5 256 May 15 55c * 2 15 55c 5 30 13 K Dec. 24 9 37 July 11 5554 May 21 30 9 18 Sale K 4254 254 4 35 2 30c 7 156 Jan" ~3 256 Jan. 28 7 Jan. Sale 28 7 54 Apr. 9 2854 Apr. 30 7 1356 May 22 Aug. 24 754 Dec. 24 11 17 7 28 17K Jan. 6 K 6 454 2?k d* 17 K. June 1 113 40c 54 Nov. 4 556 Nov. 30 May 7 26c 52c 2 15K Jan. 1756 Jan. 3 K 2 Dec. 30 456 June 10 22 15 K 16 K IK 15c 16 Jan. 8K Jan. 30 35c 75c 90c Universal Cooler class Class B 22 Jan. \K Sale 34 K 10 75c Jan. UK 33 K 25c Preferred Sale 654 Jan. 156 Feb. 8 256 Aug. 13 27 27 66 Sale IK 1 Graphite Co com Radiator common 8 K 38c 154 117 7 10 Jan. 2456 Feb. 29 30c 6454 75c 31 65 K 16 Sale 17 n 67c 554 Jan. 254 Jan. 654 Jan. 20c 33 K 33c 8 K Sale 16 10 2 14 70 Sale 65c 1K common .1 Standard Tube Co class Stearns 22 K 90c 7 Jan. 63c 60c 69 7K common. .1 Walker & Co class A Class B 30c "lK IK 1554 21K 18c 31 75c 8 K Sale Highest Sale Prices 2K Jan. 5K Jan. 19c Sale 29 K 32 K 80c 854 Lowest Sale Prices 21 15 com.... 1 Grand Valley Brew common. .1 Hall Lamp Co. common.. .5 Home Dairy class A _» Hoover Steel Ball common.. 10 Hoskins Mfg Co common__2.50 Houdaille-Hershey class A * Class B * 5% 24 Highest Sale Prices Sale 5K 37 25 10 154 IK 1K Graham-Paige Motor Simplicity Pattern RANGE FOR YEAR 1940 Lowest K 5 54 30 3 "16 54 Class B ♦ General Finance Corp com.._l General Motors common 10 Goebel Brewing Co ^}cWfan Silica Co 3,569,002 Sale Prices Ask 17c 6 K . 356 Sale 1 Industries com Gemmer Mfg Co class A McClanahan Oil Co 16 J* 95c 90c 2 18c 70c 1 _ Gar Wood For footnotes see page 61. 6 23 1154 Sale 154 A* 954 89 X 9056 1 Detroit Mien Stove common Detroit Paper Products 500 U S U S 5,048 3,332 5,635 31,136 5,041 1,993 14,277 K AV* 5K Sale Sale 1 Detroit Gray Iron Fdy 145 Mahon (R C) class A pref 56,412 Masco Screw Products 214 300 Briggs Mfg Co common * Brown-McLaren Mfg Co 1 Burroughs Adding Mach * Burry Biscuit Corp 1256c Capital City Products * Chrysler Corp common 5 Consolidated Paper com .10 Consumers Steel Products 1 Continental Motors common _1 Crowley, Milner & Co com * Cunningham Drug Stores_2.50 Deisel Wemmer Gilbert com .10 Champagne_2 30 2 13c 29 _ 116,871 68,460 7,906 48,233 35,761 12,279 9,552 12,065 14,344 15,291 16,036 81,659 5,560 37,297 9,218 2 4 27c 656 Jan. 31 Ask Bid 5 57,070 28,342 Hudson Motor Car I ♦ 46,754 Hurd Lock & Mfg Co com.1.11 20,636 Kingston Products Corp 1 Kins el Drug Co 16,080 common.. 1 28,451 Kresge (S S) Co common 10 5,075 Lakey Fdy & Mach common. .1 17,174 La Salle Wines & 119,713 7,630 2,816 39,062 3,457 66,306 77,400 7,776 27,347 11,231 110,749 Bid 5 Roller Bearing 4,426 Eaton Mfg Co common 4 3,574 Eureka Vacuum Cleaner 5 28,533 Ex-Cell-O Corp 3 63,255 Federal Mogul common 5 22,592 Federal Motor Truck com * 29,531 Frankenmuth Brewing com._l 7,508 Fruehauf Trailer Co com 1 102 ~4",4l3 IK 2 Detroit Steel Corp common. .5 780 Detroit Steei Products 10 3,762 Dlvco-Twin Truck Co 1 3,020 Durham Mfg Co common .1 48,082 1,416 1,693 10,233 91,734 45,031 53,037 20,810 34,733 Jan. 2 Ask 25c 1 Bohn Aluminum & Brass. Bower 110 Detroit Gasket & Mfg Co. 14,585 108,230 35,844 3,766 187 T.700 Bid 1 5 1 560 1,071 53,019 Detroit & Cleve Nav com...10 10,144 Detroit Edison common 100 158 1,360 2,715 1940 11,790 Allen Elec & Equipment 31,652 Atlas Drop Forge common 14,101 Auto City Brewing common 49,019 Baldwin Rubber common 84,182 4,328 1939 3,087,213 PRICES IN JANUARY STOCKS 2,647 3.231 56,768 13,216 35,985 11,930 1,117 20,152 3,973 11,537 1940 Shares. Jan. 2 Shares 510 Stock Sales Jan. 1 to Dec. 31 Price Months January DETROIT STOCK EXCHANGE 1941 Nov. 14 28 17 18 8 15 Apr. 15 1156 Mar. 28 256 Apr. 15 May 6 16 Apr. 18 18 54 Apr. 6 856 Nov. 14 1656 May 8 456 Mar. 12 4456 Jan. 8 2356 Nov. 7 1454 Apr. 30 154 Nov. 8 956 Feb. 2 60c 2 Jan. 19 156 Apr. 15 15 3 Jan. 2 54^Apr. Jai ParT 2 Nov. 1 ,1456 Mar. 14 9956 Jan. 17 34 Dec. 30 256 Jan. 27 456 Nov. 9 356 Mar. 11 554 Dec. 17 9 Nov. 12 754 Feb. 19 256 Apr. 17 19 54 Dec. 13 6 Sept.18 256 Mar. 26 23 54 Apr. 8 27 4 Feb. 10 May 11 til STOCK EXCHANGE DETROIT FEB., 1941] AGGREGATE STOCK EXCHANGE Price Jan. 2 12 Months STOCKS January 1940 Shares Par 115,171 51,527 26,700 2,977 Warner Aircraft Corp com 1 Wayne Screw Prod common..4 Wolverine Brewing Co Wolverine Tube Co 46 1 com 2 .100 com Preferred 7,076 Young (L A) Spring A Wire—♦ 1.375 Jan, 2 1940 Shares 4,163 11,270 1,800 RANGE FOR YEAR 1940 PRICES IN JANUARY DETROIT SALES In Bid Lowest 1% Sale IX 12c 6% 7% 78% 104 11 11X 1 9c Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Jan. 31 Ask Ask Bid 1% IX Sale 1% IX 2 2% Sale 11c 15c 11c 15c 4% 6 4% 6 100 103 100 103 11 Sale 10% 11 Bid Ask 2 1X Jan. 10 24 90c 1 Jan. 7 9c 12% Jan. 11 1% Jan. 2% Jan. 2 Jan. 16 11c Jan. 7 11 Jan. 31 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 6 Jan. 30 31 168% Jan. 9 21 27% Jan. 4 27 20 Jan. 19% Jan. 7% Jan. 4% Jan. 24 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 29 37 Jan. 2 28 29*6 39% 5% 14% Jan. Jan. Jan. Jan. 11 15 Jan. 9 24% Jan. 11%-Jan. 78% Jan. 9% Jan. 6% Jan. 23% Jan. 70% Jan. 17% Jan. Feb. 4 Jan. 1% Jan. 8 2% Apr. 8 Apr. 10 6% Mar. 15 Mar. 29 Feb. 29 105 June 10 13% Apr. 16 May 15 10 14 11 11c 15 Aug. 12 4% May 22 104 7 25c UNLISTED DEPT.— ♦ 103 11,389 American Radiator 3,829 Amer Tel & Tel Co........100 1713 10,508 Anaconda Copper 50 2,162 Borden Company..: 15 225 kr-v. 4,734 Borg Warner Corp common..5 ^ _T~ ♦ 865 6,275 Budi Wheel Co 10 18 1,313 Cities Service common.. 567 25,753 Commonw & Southern Corp..* * 764 7% 4,294 Consolidated Oil Co 107 1,707 Dow Chemical Co com. .5 160 1,850 Electric Auto-Lite 675 6,857 Electric Power & Light 259 48% ._._.* 5,575 General Foods Corp 1 300 6,485 Bupp Motor Car Corp 1 6,800 Internat Industries com 1,235 .....1 18,350 Jacobs (F L) Co com 2,218 356 5,046 Kennecott Copper Corp ..* 29~~ 440 8,304 Kroger Grocery & Baking Co 180 24,735 Montgomery Ward & Co....* 6% ..5 25,167 Nash-Kelvinator Corp 1,110 16% 371 * 7,056 National Dairy Products * 18% 3,321 60,412 New York Central RR 50 478 2,987 Pennsylvania RR Co 70 1,619 Purity Bakeries Corp.. .* 476 2,274 Sears Roebuck & Co.__._...* 123 532 6,245 Socony-Vacuum Corp..—..15 * 53 465 12,262 Standard Brands Inc 10 535 7,-598 U S Rubber Co... * 1,781 20,591 U S Steel Co... ..1 2.082 24,775 Yellow Truck & Coach 565 542 6% 168% 27 Sale Sale 281 165 Sale Sale Sale 6% 164 Sale Sale 19% Sale 7% Sale ■ Sale 130% 32% - ... * No par value. a Deferred delivery sales. r 6<72 163% 24% 19% 15% 6% 4% % 5% 3% 36% %6 1% Sale Sale 3 % 37 Sale 5% Sale 3 Sale Sale Sale Sale Sale "14"" Sale 22% 78% 13 Sale Sale Sale 33% 28% 37% 4% 13% 12% 22% 10% 72% Sale 30 3 69 Sale 16% Sale Sold for cash. x 62% 14% Sale Sale June 8 4 Dec. 11 81c Jan. 16 6 Jan. 17 134% Jan. 8 33 Jan. 18 16 6 27 30 18 8 4% Jan. 39% Jan. 10 May 21 May 21 8 Dec. 10 69c 17 27 Dec. 31 10 June 18 8 July 21 29 27 30 3 30 30 Jan. 4 6 Jan. 31 21% Jan. 62% Jan. 14% Jan. 31 Sale 6 3 148 29 9 Sale 6 May 22 10% Jan. 4 May 28 175% Mar. 13 July 26 29% Nov. 14 June 10 24 Apr. 5 May 21 25% Jan. 3 May 21 8% Nov. 9 6 8 31 Jan. 2% Jan. 3% Jan. May 22 Nov. 30 Oct. 28 May 22 May 22 May 23 8 2 14 5 June June 10 May 21 June 9 11 11 3 May May May May 16 2 22 22 28 23 May 28 May 22 3 4 6% Nov. 1 1% June 28 Jan. 8 4 170% Apr. 11 37% Nov. 7 7 June 28 49 Apr. 15 1 Jan. 2 2 May 1 3% Dec. 13 38% Jan. 4 34% Apr. 13 43% Sept. 7 7% Feb. 16 18% Apr. 17 18% Jan.. 3 25% Nov. 14 15% Apr. 4 83% Sept. 24 12% Jan. 2 8 Apr 8 26% Nov. 15 76% Nov. 9 IDec. 17 9 Ex-dlvldend. Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE January.. — . . - - - Shares . 1940 244,193 AGGREGATE SALES In January < Price Jan. 2 1940 $ BOkDS Bid Elec A Peoples tr ctfs 4s—1945 Lehlgb Valley Shares ann 20,340 American Stores 19,373 American Tel A Tel..... 10 927 Bankers Sec Corp pref 1,827 Barber Asphalt Corp.... 8,664 Bell Tel Co of Pa pref— 18,837 Budd (B G) MfgCo 19,150 Budd Wheel Co 30 622 977 1,532 1,404 2,588 6,415 161 529 4,130 992 475 31,589 7,485 70 112 305 1,767 30 640 569 132 2,063 137 1,555 ..... 7,694 11,928 24,395 33,394 .100 ..60 ..10 .100 .—* 12% 12% 171 Sale 16 14% 122% Sale 5% 5% * Sale Chrysler Corp.. ::i5 Sale Curtis Pub Co common.. ...* Sale ::io 28% Sale 54% Sale Electric Storage Battery. General Motors — 18 2 Sale ....—1 23% Sale Pennsylvania RR 50 169 Pennsylvania Salt Mfg.....-50 164 2% 2% Elec of Pa $5 pref— * 118% 119 30% Elec Power pref—....25 19 Insulated Wire........* 2% Sale Rapid Transit— 50 2% Penn Traffic common Phila Phila Phila 7% preferred........—-60 Philadelphia Traction......60 4,963 Salt Dome Oil Corp....... 9,807 Scott Paper...—......... Tacony-Palmyra Bridge— Class A participating— 1,050 27,144 Tonopah Mining .. 2,986!Transit Invest Corp. Preferred 18,308 4,057 Union Traction 53,129 United, Corp common Preferred! 9,009 501,528 United Gas Impt common.. Preferred 8,866 3,284 Westmoreland, Inc........ 1,087 Westmoreland Coal......... 5 11% 7 1,153 47,714 1,593 303 172 * No par value. - . — ..—..... x Ex-dlvidend. Ask Highest Lowest Sale Prices Sale Prices Highest 11% Jan. 2 64% Mar. 28 118 A* Sale Sale Sale 2% 1% 6% 23 Sale 175 182 u?M nlH 11% B* 9 Jan. 110% Jan. 4 Jan. Sale 6% Jan. Sale 64% Jan. 1% Jan. 31% Jan. 42% Jan. Sale Sale Sale 118% 30% 2% 1% 6% Sale Sale 7 2% Sale 9% Jan. 163% Jan. 14% Jan. 2% Sale 22% Sale 175 182 2% 3 117% Sale Sale 31 14% . 175 14% Jan. 17 9 31 119 31 30 30 30 14 3 30 Jan. Jan. 17 3 5% Jan. 6 7% Jan. 71% 1% 34% 48% Sale Prices 14 Feb. 1( 66 Sept. 11 2% Jan. 24% Jan. Jan. 177 Jan. 2% Jan. Jan. 118 7 7 8 13 11 Jan. 8 34% 44 43 45% 6/, 39% Sale Sale Sale/ 11 12 1% 27% Sale 1% 10 Sale 115% Sale 10% 12 12% 14 35% 44% IZ % Sale Sale Sale 3 3% Sale 34% Sale Sale X % % X 2% Jan. 30 33% Jan. 24 44% *Xt % % 1% 1% 1% 26% 26% Sale 9% 9% Sale 114% Sale 114% 11 13 11% 16 16% 13% Jan. 11 Jan. 29 Jan. 15 17 Jan 30 13 Jan. 7 3% Jan. 37% Jan. 14 . Jan. Jan. Jan. Jan. Jan. Jan. 46 25 38 June May 111% May 18 125% 27 June 10 35% 1% May 23 3% 1% May 28 3% 5% June 11 8% 2 8 112% 28% 14 2% June 8 8 28 15% Apr. 25 125% Jan. 31 6 Jan. 10 8% Nov. 13 90% Jan. 4 3 4% Jan. 33% Apr. 11 55% Apr. 0 May 1% Mar 14 10 14% May 22 20 159 May 31 6 2% May 21 Jan. 15 June Oct. 2 31% Jan. 30% Jan. Apr. 3 16 3% May 17 2% Jan. 7% Jan. 113% 14% Apr. 175% Jan. May May 55% June 1% Oct Jan. 23 120 27 31% Jan. 2h Jan. 28 2 22 June 6 13 10 2 30 9% 146% 10% 8% 6 Jan. Jan. Jan. Jan. 2% Jan. 116 11% Jan. 31 168% Jan. 2% Jan. 22% Jan. 15 19 Jan. Jan. Jan Jan. Jan. 21 30 11% 41% 9% 15 4% 5% 7% Sale 69% Sale 1% Sale 31% Sale 47% Sale Sale 116 10 Sale Sale 10 10% 167% Sale 11% 15% 9% 10 Sale 48% Sale ... "2", 150 1 Pennroad Corp v t C Phila Lowest Sale Prices Jan. 31 Ask Bid RANGE FOR YEAR 1940 Sale Sale 1,141,Horn A Hardart (Phila) com..* 119 34 3,508lHorn & Hardart (N Y) com..* 34 38,807.Lehlgh Coal A Navigation...* 8,334 Lehigh Valley 50 8% 8 5,622 National PoWer & Light.....* 285,286 114,304 788 2,169 3.037 25,929 1.038 2,200 2,275 2,212 Jan. 2 Bid JANUARY par 2,339 2,832 2,253 11% Ask 1939 * $1,628,500 $240,500 - 6s—.. STOCKS Shares 1940""" PRICES IN PHILADELPHIA STOCK EXCHANGE 12 Months 1940 1940 $152,000 Jan. 1 to Dec. 31------ 3,738,435 3,285,977 - . 1941 January. 1939 1940 Jan. 1 to Dec. 31 Bond Sales 1941 126,828 Stock Sales 10 Apr. 2 Oct. 23 Feb. 8 Apr. 8 Oct. 8 Nov. 12 Oct. 3 Mar 21 Jan. 10 Jan. 20 Jan. 23 Jan. 2 Jan. 4 Feb. 6 5 June 27 Sept. 4 Jan. 30 4% Jan. 17 11% Jan. 3 Dec. 11 Dec. 30 Jan. 8% May Apr. 2 4 48% Mar. 7 49 Jan. Jan. 10 % % Jan. 15 % Feb. 29 % Jan. 21 29 29 29 10% Jan. 31 117% Jan. 7 7 1 Dec. 26 Jan. 10 4% Feb. 3 2% Jan.. 6 41% Feb. 13 15% Jan. 6 117% Oct. 9 12% Nov. 26 12% Apr. 9 • ( San Francisco Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Stock Sales 1941 Shares_ 1940 431,340 400,316 1940 January. 1939 Bond Sales Jan. 1 to Dec. 31 6,009,597 __ 19 U January - 1940 $23,000 $4,000 1940 Jan. 1 to Dec. 31 6,316,006 1939 164,000 __ 85,500 AGGREGATE SALES In 12 January % 1 ...... 1 SAN FRANCISCO STOCK EXCHANGE 20",600 r Shares 4.550 105 BONDS 1940 1940 $ 27,000 Atlas Diesel Eng Co 0%—1945 4,000 Coast Co G & E Co 4%_._1965 22.000 Com'wealth Edison 3 * % .1958 32,000 Market Street Ry Qo 7 % 1940 10,000 5% ...1945 1,000 S J Lt & Pwr Corp 6% 1952 2,000 S P Co (O P stk col) 4%.. 1949 5,000 S P RR Co 4% 1955 50,000 4*s .1969 STOCKS Shares 5,541 2,457 2,829 123 317 - 751 1,966 20 30 170 44 123 190 1,000 1,849 6.110 2,448 98 Ask Bid Jan. 31 Ask Bid Lowest Ask Highest Sale Prices Lowest Sale Prices 100 44 61 48* 65* 44 39* 40* 45 45 Sale 44* Jan. Sale 1.85 Jan. 17 '48* Jan. 27 111 Bandini Petroleum Co com 1 2,573 Bank of Calif Nat Assn cap..80 800 Beech Aircraft Corp common. 1 18,443 18,670 26,673 4,573 Bishop OR Co cap .....2 Byron Jackson com cap * Calamba Sugar Estate com..20 Calaveras Cement Co com * 500 Calaveras Gem Co 7 % pref 100 455 Calif Art Tile Corp class A ♦ Class B * 5,567 Calif Cotton Mills capital 100 1,348 California Ink Co, Inc capital * 39,456 California Packing capital...* 2,703 Preferred .50 1.814 Calif Water Service Co pref._25 42,160 Carson Hill Gold Mg capital.. 1 17,020 Caterpillar Tractor capital...* 147,148 Central Eureka Mg Co com_..l 20,095 Chrysler Corp common 5 6,723 Clorox Chemical cap 10 1.55 6* 50 2.00 4* 6* 110 4* 2 4* 110 10 2.10 Jan. 22 5 100 10c Jan. 30 4 4* Jan. 6* Jan. 10 6 * a Sale 7 110 2.00 15* 1.55 35 50 12* 23* 16 6 10 Jan. 13 112 Jan. 23 1.75 Jan. 4 11* Jan. 11* Jan. 7 27 16 28 2 21 35 5 Jan. 15 36 Jan. 9 7 Jan. Jan. Jan. Jan. 9 40 Jan. 9 9 20* Jan. 52* Jan. 27* Jan. 29 17c Jan. 50 Jan. Jan. Jan. 9 4 2 2.00 10 lo 41 Sale 19 34c 54 40 51* 27c 1s preferred (new) 25 3,377- C^'umbia Broadcast Sys A-2* 1,147 Class B __2* 16,139 C O nmanwealth Edison 25 4,449 Con oi Aircraft Corp com 1 54* 51* Jan. 14 26* Jan. 24 l7c Jan.i 14 47. Jan. 21 3* Jan. 2 66* Jan. 23 3* Sale 89* 91 27* 23 25 29 30 24* Sale 7* 8* 19 19 21 21 29* 25* 29* 26* 26 25 25 6* 5* Crocker First National Bank 95 218,659 14,837 1,100 6,422 5,030 5,580 6 507 100 San Francisco cap .100 com 5 Preferred —..* Cypress Abbey Coco.nmon 2 Di Giorgio Fruit Corp com.. 10 Preferred ...100 Doernbecker Mfg Co ._...* Dow Chemical Co common El Dorado OH Works cap.—.* Electrical Products Corp 4 Emporium Cap well capital * Preferred w w 50 Emsco Derrick & Eq Co cap..5 Ewa Plantation 20 Fireman's Fund Indemcap.-lO Fireman's Fund Insur cap..25 Food Machinery Corp com.. 10 Foster & Kieiser common..2* Class A preferred .25 Galland Mercantile Laundry— Common (capital) ._...* General Metals Corp— Common capital 2* General Motors com .....10 45 Y.759 152 2.367 11.287 1,706 22,075 800 7,947 100 5,223 T45 2,179 9,565 12,749 8,045 1,097 360 " 1,080 423 745 60 1,224 10,067 1,291 9,499 61,880 Preferred $5 series 10 2.391 604 2.392 6,856 610 3,016 200 1,783 2.730 13,817 5,706 14,010 94,051 5,610 9,675 1,0/3 21,298 24,074 280 Crown Zellerb Corp * General Paint Corp common.* Preferred. ..* Gladding McBean Co com...* Golden State Ltd capital.....* Greyhound C;orp common * Hale Bros Stores Inc capital..* Hancock Oil ....* Hawaiian,Pineapple Jo—---* Holly Develop Co common...1 14* 90* 48c 1.10 5* 4 71 75 """loo 320 200 141 1,003 520 16 547 570 1,283 1,012 342 "l',684 765 1,303 ^Co of Calif capital........ 10 27,025 Honoluiu.Oil Corp Ltd cap—* 1,832 HonolulujPlantation capital .20 * 1,373 Hudson Motor Oar com 9.878 Hunt Bros Packing common-10 Preferred .10 17,982 935 Hutchinson Sug Plant cap.. 15 , ..... 659 IXLiMining^Oo 2 .Pesos 11,822 Langendorf United Bak cl A..* Class 4 B * 10,097 Preferred 709 .........50 Leslie Salt Co capital.......10 9,502 ..1 16,304 LeTourneau Inc common 5,529 Libby McNeill &,Libby com..7 71,070 Lockheed {Aircr Oorp.com 1 * 2,801 Lyons-Magnus Inc A Class ;B * 1,656 30,856 Magnavox Co Ltd capltal—2* * 13,273 Magnlnl& Co (I) common , 9,005 Preferred 100 443 45,362 Marchant Oal Mach Oo.com 5 8,757 Meier & Frank Co.. ........10 328.825 Menasco,Mfg Co common....1 690 35.661 Nat Auto Fibres Inc.com^stk-.l 1,933 * 49,404 NatomaSrfOo capital...... 2,786 North„Am Inv Corp com...100 6% preferred—.........100 1,633 ,5* % .preferred 492 100 ........ "2" 53 7 287 55 240 45 * No par value. 7* Sale 9 10 Dec. 27 1.75 Dec. 20 32 Sept. 5 27 10 24 \ June 11 Dec. 23 27 13c 45 32c Jan. May 17 2.75 May 15 57* June 8 43* Aug. 23 55 Jan. 8 Nov. 27 57 Feb. 27 31* Apr. 15 26 25 19 * May 24 26* May Jan. J an. 14 26 Jan. 10 2 6 Jan. 17 31 15* Jan. 30 92 Jan. 6 15 7* Jan. 30 6* 5* 5* Jan. 14* Jan. 90* Jan. 6 6 June 5* Aug. 4 June 9 12 33 "~Ap"r".~~8 1 9* Feb. 21 6 Apr. 6 285 69c 1.50 May 12* May 75* May 50c July 1 19 44* 43 47* Jan. Jan. 10 3 3 Jan. 3 3* Jan. 9* Jan. 6 29 5* Jan. 9* Jan. 19* Jan. 44* Jan. 30 7 Jan. Jan. Jan. 10 7 48 7 June May Jan. Jan. Jan. Jan. June 5 Apr. May 2.40 Dec. 134* Sept. 27 Jan. 9 49 6 20 3 29 8* May May 5 May 5* Dec. 22 3 Sale 97* Jan. Sale 32 Jan. 1.20 Jan. 1.30 Dec. Jan. 7 8 10 Dec. May 36 11 77 July May 19* June June Nov. Oct, Feb. Mar. Sept. Apr. 17 Sale » 46* 19 Jan. 7* Jan. 43 125 31 10 20* Jan. 8 Jan. 30 Jan. Jan. 31 125 48* Jan. 16 6 7 38 6* Jan. 35* Jan. 13 Jan. Jan. Jan. Jan. 11 5 Jan. 3 Jan. 30 Jan. Jan. Jan. Jan. 22 13 34* 6* 8* 11* 13* 2 7* 10* 11* 14* 36* 31 32 Jan. 3 32 Jan. 3 19 15* 15* Jan. 2 14 75c 16* Jan. 51c 34 Sale 3 8 May 21 May 23 22 2 2 15 18 16 11 5 Feb. 23 7* Nov. 18 Apr. 8 56 31 5* Sale 35* 6* Sale 9 8* 11* J-V/s 13* Sale 33 Jan. 17* May 18 14 Jan. 10 29 27 17* 12 26 Feb. Jan. 2 11 12 May Apr. Jan. 3 100 Jan. 2 32 Jan. 17 1.30 Jan. 20 12 4 9 Sept. 11 24 130 8 9 4* Mar. 1 87* Apr. 12 18 18 99 xV' 65c 14 27 35 28* June 12 23 Aug. 31 32 0 Mar. 25 Apr. 16 11 92* 20 7 Apr. 22 30 300 Sale 8 Dec. Mar. 29 3* May 27 19 6* 45* 28 19 40 9 28* Jan. 3* 10* 122 T)ec. 10 17 Apr. 15 40* M;ar. 8 26* Feb. 8 52* Jan. 9 20 3 18* 5 Jan. 7* Mar. 27 9 15* Jan. 3 2.25 May 20* 28* 27* 46 30* 5* 20 26 May 21 28* Dec. 13 20* {Sept. 24 6 24 sIH 6* Mar 1.20 July 7* Feb-. 9 May 15 3 125 27* Nov. 26 44 22* Dec. 21 16 3* 8* 18* 121 5* June 11 3* May 17 3* May 23 3 May 15 102 7 8 9 Dec. 30 5* Mar. 25 28* Jan. 2.50 3 138 141 17 Feb. 17 6 1.25 Oct. 20c 27* Jan. 6 15 27 14 4* May 27* May May May Aug. 8 18 28 22 21 13 June 13 Oct. 10 7* Feb. 0 34 Mar. 6* 11* 17* 15* Apr. 76c Feb. 8 44 Feb. 19 7 5 Mar. 6 Apr. 4 Apr. 11 40 Apr. 15 20* Jan. 5 60c 50c Jan. 21 54c Jan. 16 14* May 22 50c May 23 42 44 43 Jan. 28 43 Jan. 28 33 13 Sale 13 Jan. 2 14 Jan. 10 9* Jan. 23 9* Jan. 24 10* July 8* July 3* Sept. 17* Jan. 3 12* Jan. 6 6* Feb. 19 45c 1.15 Feb. 13 4 Mar. 27 8* Apr. 18 3* Apr. 2 16* Feb. 28 8* Feb. 8 44 Dec. 27 Home Fire & Marina Insur 35 1,376 28* 2Y* 18* 18* 28* 26* Industries 18,080 Inc class A partic pref ..* 7,018 Consol Coppermines Corp cap 5 12,895 Creameries of Am Inc com 1 19 3* May 29 6* Nov. 8 65 6* May 21 May 21 14 May 21 49 > Aug. 1 52 23* 25* 32* Sale Dec. 30c 1.00 50* 48 Jan. 1.50 Jan. 11* Jan. 10* Jan. 18 39 5 7* Jan. 8* iM 8 9* Jan. 3 4* 126 UH 80c 1.80 Dec. 28 4* May 23 65 Oct. 7 5c 9 524 8 8 4 133* Apr. 26 133* Apr. 20 39 July 23 39 July 23 59 Nov. 27 59 Nov. 27 38* Dec. 18 43* Oct. 2 50c 6* Sale Coast Counties Gas & El Co— 5,441 2,764 14 4 Mar. Oct. 73 June Par 7,344 Common 1 36.286 Anglo-Caiif Nat'l Bank—..20 26,233 Assoc Ins Fund Inc com cap. 10 21,052 Atlas Imp Diesel Eng Co 5 Chemical Apr. 82 53 Angio-Amer Mining Corp Ltd— Oousol Highest Sale Prices Sale Prices 100 Jan. 16 102* Dec. 5 108 July 5 108 July 5 128 Feb. 5 130 64* Feb. 27 10,144 Aircraft Accessories Corp A_50c 9,652 Alaska Juneau Gold M cap—10 165 110 1,664 Bid Jan. 2 . 130 Alaska Packers Assn cap—100 [amaaaa RANGE FOR'YEAR 1940 Jan. 2 . \ PRICES IN JANUARY Price ,, Months 9 9* 3* 4 48c 1.90 6 2.00 14 4 55c 50c Jan. 4 50c VJan. 4 2.25 7 ' 2.00 Jan. 6 Jan. 6 2.05 Jan. 10 4 Jan. 4 2.75 Jan. 9 2.75 Jan. 9 9 14* Jan. 2 4* Jan. 44* Jan. 17 14*,'Jan. 5* Jan. 9 21 2.50 Nov. 11* May 4* June 44* Jan. 43* |Jan. 17 34 20 28* Jan. 9 35* June 21 May 5* June 23* June 4* Feb. 25c,. May 2.80 15* Sale 42 44 43 46 Sale 28 6* 26* 7* 27* 5* Sale 43 Jan. 3 27 6* Jan. 29 7 A Jan. Jan. 30 28 v'Jan. 9 5* Jan. 28 5*IJan. 2 24 50c 75c 85c 80c Jan, 8 8 Jan. 99 17* 12* 95c 17 2.20 7 16 Jan. 31 50c 27 Jan. 30 12* Jan. 21 18* ;Jan. 12* Jan. 2.40 2.00 Jan. 20 2.35 Jan. 7* 6* Jan. 9* Jan. 22 6* Jan. 10 Jan. 1.80 Sale 1.80 Jan. Jan. Jan. 3 June 7 13 9* Dec. 1.75 July 6 Oct. 8* Jan. 106 Sale 6 27* Jan. 25c 7* June 17 7 21 16 Jan. July 100 Aug. 12* May 9i! Z7. May May 44 Apr. 5 35 Jan. 3 9 Apr. 22 41* Apr. 15 5* Dec. 27 35e Dec. 1.30 Apr. 12 17 19 Feb. 29 9* Jan. 106 19* Apr. 23 12* Apr. 11 4* May 17 Apr. 13 11 10* Mar. 28 2 l.80Man. 2 21 23 21 14 Dec. June 28 21 20 20 22*JJan. 20*.Jan. 13 20 3 June 28* Jan. 4 Jan. May 3 7 3 AGGREGATE SALES In 12 January STOCKS 223 300 Ask Par Bid 24 11 26 11c 20c o'Connor 1.400 '387 396 4,680 25.272 i,886 8,951 11,240 3,835 45,741 118,334 101,239 39,445 40,540 ■3,440 20,368 21,905 4,908 2,170 1,170 18,163 1,400 1,124 25 110 6,989 10,728 6,849 3,064 3,610 183 1,501 2,116 538 101 100 1,555 Class 30 1,120 41,112 764 1,456 475 945 "l~673 4,996 aa Paauhau Sug Plant 330 1,328 230 """417 4,067 25 513 20,420 1,345 33,063 974 2,169 22 38,181 209 11,018 1,286 449 1,650 520 1,889 1,582 1,214 564 . 1,953 417 25 6% 1st preferred 28 Jan. 27 16 85* Jan. 52* May May 32* May 95c May 252* June 28 May 25 * May 34 May 100 May May May $5 dividend pref Pac Pub Serv com —* 10624 43* 16 X 122X preferred..—.—.—* Pac Tel & Tel Co common..100 159 100 6% preferred Pacific Western Oil 10 20, 4 2* Jan. 10 13 14 10 16 8 18% Jan. 20 1234 2.75 2.50 34 Dec. 27 preferred....—100 2 35 Jan. 2 Jan. 15 90c Jan. 15 18% Jan. 13 Jan. 2 20X Jan. 9 2 Jan. 23 29 Jan. 30 16 9 28 5 2 Jan. 13 22 25 1934 834 13X Jan. 83* Jan. 17 6 2.40 17 18 Jan. 8 18% Jan. 101 6 12 34 104 2.50 27 29 97 33 54 44 3* 3c 45 &* 5 29 13 243* 12924 373* J:2.75 383* 192* 934 21 28 3134 Sept. 12 123* May 21 52* May 21 Dec. 31 35c Jan. 4 4 % j an. 48 X 143H Jan. 20 43% Jan. 123* June 17 Aug. 20 109 7 324 May 15 27c Nov. 6 21c 3934 May 15 52 % 1.90 1.50 May 14 63* May 21 12 54 May 24 99 May 15 1072* 1.50 June 24 1.50 22 May 24 303* 20 1.60 Sale 1.60 Jan. 3 1.85 Jan. 29 6x Jan. 12 X Jan. 21 41 1052* Jan. 27 4 5% Jan. 10 X Jan. 105 Jan. 13% 108 43* 28 X 29 X 992 342 Jan. 26 21% Jan. Jan. 101 342* Jan. 8x Jan. Sale 3 16 262* 29 23 X 3 1012* 15 342* 21 p 15 20 Jan. Jan. Jan. Jan. 4 14 21 46 X 40c 80c 102* Sale 45c * 11 92 89 4h% preferred—-—.-100 377,284 Transamerica Corp capital...2 53* Sale Transcontinental & West Air.5 1,047 16 X Sale 93,254 Union Oil Go of Calif cap...25 8 8h 19,165 Union Sugar Go common—-.25 21,345 United Air Lines Trans ——.5 10 19,204 Universal Oons Oil... .13* 43,511 Vega Airplane Co 14,839 Victor Equipment Go corn—.! Conv cum pref ........5 ii,288 10,605 Vultee Aircraft Inc capital---1 28 2,928 Waialua Agricultural Co..—20 100 95 82 Weill & Co com 785 Wells Fargo Bk & Un Tr caplOO 276 300 Western Pipe & Steel of Calif common —10 17 17X 21,866 19 21 3.299 Yellow Checker Cab ser 1—50 s6ri6s 2 50 16 210 21X 2.90 334 6,434 Yosemite PortFCem Co pf—10 333* Jan. 73* Jan. 182* Jan. 183* Jan. 3854 Sale Sale 23 37 2 333* Jan. 834 Jan. 2024 Jan. 29 31 193* Jan. 14 29 2 13 5c 7 Dec. 31 June 12 Oct. 29 7 Jan. 43* Jan. 22 162* Jan. 11 2 13 Jan. 6 8 Jan. 143* Jan. 30 8 Jan. 11 6 3* Jan. 29 3 42* Jan. 4 1424 Jan. 7 Jan. 28 233* Jan. 31 99 99 54 Sale 17X Sale 8X 162* 8 34 834 454 15 Sale Sale 10 2* Jan. 99 Jan. 5 3* J an. 1624 Jan. 1434 Jan. 934 Jan. 143* Jan. 6 287 300 20 X 21 14 22 30 15 24 20 23 1.50 23 1.70 29 Jan. 31 22 4 2154 574 2,619 1,269 4,610 2,025 2",822 227 433 430 255 854 4,365 1,060 6 10 4,582 Amer Rad & Stand San com..* 27,146 Amer Tei & Tel Co com..—100 332,033 AmjToll Bridge (Del) com 1 100 Amer Woolen Co common * 24,176 Anaconda Cop Mg Go com..50 18,749 Anglo Nat Corp cl a com * 12,840 Argonaut mg Co Ltd capital—5 515 Ark Nat Gas class a common.* 10,845 Atcb Top & s Fe rr com—100 "5,610 Atlas Corp common 5 28,877 Aviation Corp (Del) com——.3 13,709 Aviation & Trans Corp cap 1 1,984 b & o rr common 100 12,217 Bendix Aviation Corp com—.5 62,145 t Blair & Co Inc capital....-1 Bunker Hill & 653 1,784 672 631 2,029 i',126 100 100 14 4,405 541 618 807 ""550 ""336 3,200 43* 2.50 6%spref (1927 series) 14 34 113* 86] 86] 100 12 2434 Jan. 434 Jan. 2.50 Jan. 25 2.35 2.65 223* 73* 42* 4 Apr. 16 243* Jan. 11 Jan. 7 223* Jan. 2234 Jan. 8 8 Jan. 31 4 1.10 4 Jan. 372* Jan. 1.00 Jan. 12 86 86 1 3X 43* 7 434 352* 1234 424 Jan. 4 Jan. June 10 15 May 18 17 May 15 1.45 July 16 12 Jan. 863* Jan. 4 24 53* Jan. 40c 5c 10 22 X 8 28 11 434 Jan. 14 28 4 Jan. 1.35 Jan. 6 123* Jan. 3 863* Jan. 13 3 53* Jan. 11 52* 9X 292* 6 Sale 30X 323* Sale 53* 524 8 1034 83* Sale 223* Jan. 524 Jan. 83* Jan. 2924 Jan. 13 29 3 232* Jan. Jan. 4 30 17 924 Jan. 3034 Jan. 13 434 Jan. 11 6 6 25c 4 41x W4 25 3 35c 7 333* 34 3324 13 14 243* 75c 11c 2 27 25. Sale Sale 3 2 10c 43* 25c 6 ex 24 X 232* Jan. 343* Jan. 22 342* Jan. 7 3634 22* 37X 312* 24 26 27 3 2424 Jan. 75c Jan. 11c Jan. 3 Jan. 11c 3 Jan. 2 Jan. 6 2 2.50 3X 6c 4 Sale | Odd lots; 524 ip 2.50 334 8c 27 3 324 Sale 25% Jan. 20 23* Jan. 13 June Nov. Mar Jan. 3 3* Jan. 6c Jan. 22 Jan. 4 33* Jan. 6 27 8c Jan. 9 5 2 15 29 Jan. 29 4554 Apr. 30 434 Apr. 5 93* Mar. 7 5 1743* Apr. 5 A l.lOOct. 30 8 Mar. 21 21 16 3154 Apr. 9 24 1254 Aug. 28 4 Jan. 9 22 20 22* Apr. 3 2534 Jan. 3 21 Aug. 7 16 93* Mar. 20 85* 4 2* 52* 3554 2 2 9154 Nov. 33* Oct. 11 May 311 33 X Feb. 6 June 10 Jan. Dec. 33* Sept. June 203* June 154 Dec. 242* July June 22 May 2.85 Sept. 43* June 6c May 5 4 Mar. 20 2154 Nov. 52* Oct. 6 54 July 25 May 25c Apr. 3 54 Dec. 105 Sept. 285* June 17 Apr. 19 Oct. 1.00 May Jan. 15 4 15 13 2 Mar. 16 Dec. 33* 333* 43* 34 18 Apr. Apr. Apr. Apr. 142* Jan. 70 19 25 8 Feb. 22 89 10c 8 21 Oct. 2.90 Jan. May 20 May 22 5 63* Jan. 32 21 272* Jan. 13 75c, Jan. —2 6 24 6 23 X 12c 4 133* gy t Formerly Bancamerica "Blair Oorp. 324 Sale MX Feb. Apr. 2 93* May 24 5 Apr. 22 223* May 10c 11 10 22 9541Sept.24 5 Apr. July 22 23* Aug. 14 33* June 22 263* May 21 75c June 10 372* Jan. 3 Aug. Oct. 182* Aug. 3 3* Sept. 1.50 May 2 Sept. 14 May ex oet. 18 4 Jan. 5 40c 8 6 23 18 76 89 89 33* 5c 149 273* Jan. 53* Jan. 3 Jan. 18 454 Nov. 14 Nov. 14 15 16, 30 May 24 100 June 12 301 243* Jan. 9 6 3* 1854 172* Oct. 2434 342* 4 34 53* 5 14 9 35c 8 21 Feb. 10 May 14 Aug. 16 17 73* Jan.. Jan. 28 168 193* Jan. 88 4X 30,172 Matson Nav Co capital—-—* 320 McBryde Sugar Co Ltd cap. .5 3,720 McKesson & Bobbins Inc com 5 110,950 m j & m & m Consol capltal.l 62* Jan. ,16524 Jan. 53* Sale 90 1 6,954 Internat Nickel of Can Ltd-.* 9,452 Internat Tel & Tel common..* 9,563 Kennecott Copper Corp com.* 884 Marine Bancorporation cap..* No par value, 2334 62* 165 1.05 1354 * com.-.25 100 Chesapeake & Ohio rr com.25 7,103 Cities Service Co—.......10 7,822 Claude Neon Lts Inc com..—1 1,341 Coen^Cos, Inc, class a conv..* 2,630 Assn Inc common...... * 11,817 Consol Edison Co n Ycom...* 7,502 Consol Oil Oorp common.....* 77,978 Ourtiss-Wright Corp com—..1 9,226 Dominguez Oil Fields cap..—* 3,131 Dumbarton Bridge Co com..10 8,900 Elec Bond.& Share Co com.. -5 90 Fibreboard Prod.Inc. pr pf.100 23,667 General Electric Co com.....* 2,051 Goodrich (b f) Co common—* 3,073 Hawaiian Sugar Co capital..20 510 Hobbs Battery Co cl a capital * 1,257 Hobbs Battery cl b cap * 551 Honokaa Sugar Co capital—.20 Idaho Maryland Mines Corp— 76,191 Capital 1 63* 163 Feb. 60c 233* 153* Jan. 25 213* 62* 4 3* 33* 334 342* 2.30 100 Calif Pacific Trad Corp pref.. — * 26X 4- Columbia River Packers 1,722 ' 252* 900 Canadian Pacific Ry 445 ex 169 Sullivan Mg & Con Co common 23* Calif-Oregon Power— 100 6 % pref (non-callable)—100 21,764 666 6X 167 225* 24 20c 14 Jan. 22 3 12 21 21 UNLISTED STOCKS 182 American Factors Ltd cap—20 1,350 Amer-Hawaiian ss Go com..10 100 Amer Pow & Lt Co common..* Jan 99 21 23 73* Jan. 5 Jan. 31 6 153* Jan. 3 82* Jan. 15 10 26 Apr. 16 Dec. 30 Jan. 4 Feb. 27 12 May July May Sept. May Aug. 21 24 20 9 16 May 6 Dec. 24 Mar. 14 Oct. 3 Jan 6 Apr. 6 Apr. 15 Jan. 3 14 19 12 Jan. 9 30 300 203* Jan. 213* Jan. 22 22 22 X 22 Sale 1.50 1.60 20 21 Jan. 6c June 12 80 00 597 Oct. Apr. 7 3 9 8 18 3 29 25 29 20 24 9 4 10 4 3 453* 73* 26 34 33 3* June 27 9 7 4 11 10 Dec. 28 3 July 40c 93* Jan. Dec. Apr. Nov. Mar. Jan. May Feb May Mar. 42 May 101 Oct. 35 Oct. 1534 Jan. Nov. ip 50c 24 . 25 20c Sale 12 2\ 10% Jan. lc 6 Sale 14c June 283* May 21 63* May 21 9 15c Texas Consol Oil Co com—-.1 May 21 953* 24 18 Dec. Mar. May May Feb. Jan. Jan. Nov. 1.50 Jan. 173* Feb. 100 3254 Tide Water Assoc Oil Go com. 10 2 108 55* Sale 46 3* 1.25 28 1.40 Dec. 9 9 2934 May 26 Apr. July 14 May 243* May 11 10 Jan. 1.50 Jan. Jan. Mar. Dec. 54 Jan. 25 39 Feb. 2 1.35 Jan. 2 8 292* June 90c Sept. 16 40 32 Thomas Allec Oorp class a... Jan. 14 % Jan. 9 Jan. 153* 10 cap 17 1.50 purch warrants— Inc common 1 2 7 17 724 Apr. 9 524 Aug. 17 June 8 43H Feb. 23 28 96 July 20 1023* Nov. 22 18 183* 73* Com stock 2134 Jan. 21 35 Jan. Jan. 17X Jan. 3 3 30 20 Jan. 10 1383* 17 160 6 14 50 21 108 54 Jan. 21 53* Feb. June 28 Jan. 1.50 Jan. 183* 19 1854 283* Sale 21 22 June 37 3 21 342* Apr. 10 342* Nov. 8 313* Jan. 10 142 2 9 1.65 Dec. 10 113 163* Jan. 123* 33* 21 22 14 90c 54 52* Nov. 14 25 24 423* 1.35 Sale 21 Jan, 18 Apr. 53* Feb. 93* Apr. 26 153* May 1 22 Jan. Jan. Feb. 23 3* Feb. 5 34 May 2126 35 50 403* 19 5«4 24,160 6X Jan. 4% cum conv pref 100 Philippine Long Distance Tel Co capital 100 Pesos Phillips Petroleum Co cap * Pig'n Whistle Corp partic pf-* Puget Sound Pulp & Tim * Ry Eq & Realty Co Ltd com..* 6% preferred 100 Rayonfer Inc common —1 Gail Jan. Jan. Jan. Jan. Jan. 6 Jan. Jan. Jan. Jan. Jan. 282* 3 343* 31 % 7 2 39% 28107 2 34 capital—10 Paraffine Cos, Inc, com Super Mold Oorp of Jan. Jan. 37 com—* * 1.65 Jan. 22 18 28c 424 June 29 16 31 25 53*% 1st preferred.. Pacific Lighting Oorp n 53 4x Jan. 27 1.50 Jan. — ""'142 22 X Jan. 3 27% Oct. 35* June 29 16 34 May 24 3 May 22 Jan. 27 X Jan. 33 X Jan. Pacific Gas & Elec Co com..25 12,625 .25,596 5,835 19,008 488 31 13 24 8 10 1,200 Sou Pac. Golden Gate cl a-.-* 6.298 Sperry Corp common vtc..—1 6,162 Spring Valley Go Ltd capital—* 202,641 Stand Oil Co of Calif capital..* """272 Jan. Sale Prices 11 Jan. 19 7H June 6 193* June 27 7c Oct. 4 5 5 140,132 Ryan Aeronaut Co com cap.. 1 ,4,300 San Mauricio Mining 10 Pesos 6,989 Safeway Stores Inc common—* 4,049 Schlesinger (b f) com— * Preferred .....—25 4,940 * 13,312 Shell Union Oil Oorp com 113 5 3* % cum conv pref..... 100 140 Sherwood Swan Co Ltd cl a. 10 -6,147 Signal Oil & Gas Co class a— * 131,429 Soundview Pulp Co.——...-5 Preferred .....—100 1,683 6.977 Sou Gal Gas Pfd 6% cum a..25 116,417 Sou Pacific Co com (cap'd-100 318 16 29 15 * Pacific Can Co Series a 20 15 85* Jan. Co cap..15 Fisheries Inc—5 Highest 9x Jan. 27X Jan. 8.c Jan. 2 Pacific Clay Prod capital * Pac Coast Aggregates com—5 First Lowest Sale Prices 27 * Pacific-Amer 621 ""533 11c * common. Class b Highest Sale Prices 83* Jan. 2634 Jan. 8c Jan. 8X 28 Moffattf & Co— 2,968 Roos Bros "2~,805 82* 26 7c Oliver United Filters Inc a...* 2,360 ""646 Lowest Ask 5 Jan. 21 % Jan. 4 Jan. 10 2,375 2.976 2,873 65,481 51,876 5,742 64,383 Cumulative preferred.——25 27,599 13,012 Republic Petroleum Corp.. — 1 156 Preferred 50 26,419 Rheem Mfg Co — .---1 73,955 Richfield Oil Co common..—* 30 231 Ask Bid 834 934 27 X 27 8c 9c Bid Sale Prices Jan. 31 Jan. 2 1940 22,972 Northerner Oil Conaol cap.. 10 2,244 Occidental Insurance capita? .10 17,310 Occidental Petrol Oorp com-.l 11,726 RANGE FOR YEAR 1940 JANUARY Prices January 2 Months 1940 Shares Shares IN PRICES SAN FRANCISCO STOCK EXCHANGE 63 STOCK EXCHANGE SAN FEANCISCO ^ Feb., 1§4X>} 50c 8 Oct. Mar. 11 Apr. 19 Mar. 25 da Mar. 36 Jan. 40c Nov. 41 11 May 31 May 2 322* Feb. Apr. uliS 7 Mar. 20 Jan. 5 10 8 29 2 5 Sept. 23 Jan. 4 4 202* Apr. 2534 Dec. 12 1.10 Mar. 19 Jan. 18 25c 634 Apr. 30 7 Apr. 38 5* Jan. 9 4 42* Apr. 5 37 Nov. 15 253* Feb, 17 35 May 9 5 May 20 82* Apr. 1 12c Jan. 4 s*» 64 SAN FRANCISCO aggregate sales In SAN FRANCISCO STOCK EXCHANGE prices in stocks January 1940 8hares Shares 37 1910 Jan. 2 Par 99 Monolith Portl Cement 6U 8% Preferred Bid com.. • 4 4 4 10 8 8% Ask Bid 16.035 Inc. common 1 * 73.676 Mountain City Cop Co cap. -6< 6.444 Nash Kelvlnator Corp cap—6 3.668 Nat Distillers Products com..* 870 20 531 915 55)4 4)4 4 380 17 498 Y.189 22*4 250 20 725 11,461 Schumacher Wall Board 704 555 10 2,650 782 1,648 5*4 com 22 corn.* 100 76 Class A Class B 29 K 32)4 65c 6 44 15,400 4,613 350 25 40 43 ._* 15)4 9*4 10 46 39 4 404 164 414 1*4 424 600 Western Pacific RR com 23,279 Westate Petroleum Co Preferred36,578 1,365 64 5 100 1 com Los 21 6 1.50 Jan. 4 21 Jan. 3 4 Jan. 24 39 11 3 Aug. July May Apr. 16 June 10 Dec. 16 46 31 24 54 Jan" 10 11 74 454 554 154 Jan. Jan. Jan. Jan. 11 7 28 2.75 28 10 24 6) 4) 24 10 7 Jan. 22 3 Jan. 10 30 Jan. Jan. 29 7 Jan. 28 28 Jan. 14 2954 Jan. 10 31 26 10 15 May 24 Aug. 20 24 64 June 27 June 10 184 June 29 7 May 13 24 May 20 25 May 21 26 k May 31 May Jan. 10 21 22 21 21 16 • 20 254 6654 1.20 45 654 Jan. 28 64 Jan. 7 1.55 1 3 34 4)4 64 154 7 1 Jan. 22 41 31 44 Mar 5 13)4 Jan. 12 74 Aug. r 46)4 May 10 34)4 Jan. 25 Jan. 17 39 May 21 20 Jan. 6 June 17 514 Apr. 14 Dec. 55c May 42)4 May 1 May 2 Jan. 9 30 2 7054 Jan. 14 Jan. 2 64 Jan. 15 24 14 64 Jan. TApr* 4 14 1.25 6 24 i ic 22 1.15 Jan. 4 21 7654 Nov. 9 21 14 Apr. 18 Feb. 16 50c Feb. 16 May 14 44 Feb. 19 50c 2 4 Jan. 3 Mar. 5 Dec. 14 June 6 94 Apr. 30 May 29 . 20c 11c 78c 214 Feb. 9 May May 25 May 25 74 Aug. 7 354 Aug. 26 17 Jan. 634 Jan. 14 Jan. 7 50c 6c 29 8 31 354 50c 90c 22 424 Jan. 154 Jan, 2 3 1 14 2 54 64 Sale 76c Jan. 34 3754 Jan. 154 Jan. 25c 11c May 22 Nov. 13 8 1.10 Sale 62 4 63 4 684 14 Sale 3 K 11 41 164 20 37*4 Sale 1 14 67 4 50c 15c Sale 5 36 "374 "384 Sale 45c 424 10 ift i* 25c 14c Aug. 28 1.10 Mar. 1 74 Apr. 6 374 Nov. 14 5)4 May 22 124 Feb. 15 6 84 Jan. 20 4 July 9 May 394 20 90c Sale 50c4 5c "854 Jan" "7 11c 2 79c 90c Jan. Jan. 27 Name changed from Italo Petroleum Corp. of America x 27 31 10 40 48 £» 1 11 Jan. 354 Jan. 184 Jan. lune 8 554 Jan. 2 454 Apr. 10 7 4 Feb. 15 26 Apr. 9 264 Feb. 4 23 54 Jan 4 234 Mar. 6 6 4 Feb. 26 25 Jan. 11 1.50 Mar. 1 4154 Dec. 14 44 Mar. 11 254 Apr. 16 254 Nov. 15 12 Jan. 3 74 Apr. 3 554 Dec. 26 20 June 11 84 Nov. 9 294 Oct. 28 124 Jan. 6 304 May 3 294 Nov. 7 31 Nov. 1 3454 Feb. 17 19 June 26 14 54 May 14 1654 Dec. 18 14 4 Dec. 19 3 4 July 6 17 4 Oct. 22 9 184 34 47 184 10 32)4 1554 * 15 16 "64 "754 15 45 Corp common. *. 10 23 94 Mar. 374 Nov. 25 24 May 21 2654 Jan. 294 Jan. 304 Jan. 264 29*4 3054 36 6*4 404 11 *4 8*4 2,371 Wept Coast Life Ins Co cap "l~,l52 64 27 Utah-Idaho Sugar Co com—5 208 Vica Co common 25 3,858 Warner Bros Pictures com 5 Feb. 2 8 "754 "74 184 6*4 United Aircraft Corp cap 5 United Corp of Del common..* U S Petroleum Co capital....! U S Steel 64 9*4 * * 15 11 Jan. Jan. Jan. Jan. Jan. Jan. 45 * . 127 *4 common Ciass B common 85 Taylor Milling Corp com 11,531 4,086 55,155 60,712 10,786 29 304 354 2 24 29 7 25*4 294 3054 34 4 6 Jan. 2254 7)4 44 554 154 64 Sale 7 Prices 4 44 34 Jan. 7 30 Sale 23 Sale 24 July 24 74 Sept. 14 13 234 Jan. 1754 Jan. 17)4 Jan. Highest Sale Prices 1.00 94 5,006 Texas Corp common —25 200 Texas Gulf Sulphur common..* 237 Title Guaranty Co cum pref. * 910 64 common 438 "240 2954 3054 30 4 1.40 Jan. • it* 2va 8 31 24 46 34 154 2 2254 Sale 8 94 44 4*4 8 15 11 3*4 Jan. 174 Jan. 394 Jan. 34 Jan. 30 23 4 Jan. 174 Jan. 17 Jan. 14 4 Jan. Lowest Sale Prices 2.50 Jan. 14 21 Jan, 2.00 3 29 27 4 29 4 30 34 3 19 1.25 26 64 284 13 Sale 29)4 Superior Portland Cement— 366 Class A preferred 15 15 5)4 a Sale 10 *4 1,515 6% preferred 100 14,846 Standard Brands Inc com__—* 300 Standard Oil Co (N J) cap—25 36,275 Studebaker Corp common 1 Sunset-McKee Salesbook Co— '855 28 4)4 24 Sou Pacific Golden Gate Co— 760 5 3754 Jan. 45 34 24 234 84 4*4 5*4 154 224 64 45 Sale 17 2.50 45 3 4)4 4,459 Preferred * 3,687 Shasta Water Co common—* 45,031 Sou Calif Edison common—25 C 5)4 % preferred 12,778 25 B 6% 18,227 preferred -.25 270 Sou Calif Gas 6% pref 25 20 1.20 14 ♦ 50 4 42 14 23 « Sale * Riverside Cement (Del) A 17 Sale ilh 1.90 47)4 3)4 254 .20 54 174 16 25 1.15 35*4 36*4 24 34 44 454 214 <22)4 144 154 154 16 14 *4 154 3*4 Sale 23 4 14 4 6)4 20 Pennsylvania RR capital—50 108 Santa Cruz Port Cement 24 41 455 Park Utah Cons Mines com__l Pioneer Mill Co Ltd capital Radio Corp of Amer com 26*4 28 4 5 ... 8,775 1,224 20,965 5,219 36 24 *4 21 360 6)4% preferred 100 13,914 Packard Motor Car Co com..* 72 82 34 4*4 22 54 164 Sale 64 24 6,035 North Amer Co common 10 1,326 Oahu Sugar Co Ltd capital..20 953 Olaa Sugar Co Ltd capital..20 422 Onomea Sugar Co capital—20 1,578 Pacific Portl Cement com -.10 146 4H 38 Sale Highest Sale Prices 2.50 Jan. 14 34 94 84 range for year 1940 Lowest Ask 2.50 84 37 25 *4 15,594 Nor Ainer Aviation inc cap—1 494 Sale Jan. 31 Ask Bid 2.50 8 Montgomery Ward & Co. 4,185 january Price Jan. 2 Months 12 STOCK EXCHANGE 11c 81c Jan. Jan. 6c 75c 48c 16c Jan. 1.55 Jan. 10 2 Angeles Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE Stock Sales 1941 Jan. 1 to Dec. 31 aggregate sales In 12 January Shares 50 700 - - 4,414 2,573 520 460 10,143 Broadway Dept Store 60 905 1,725 2,500 14,200 8,100 6,700 3,393 4.065 4,643 230 1,049 807 11,620 14,391 33,248 43,874 8,517 ------ 1,000 ------ ------ 255 1,412 3.695 6,634 837 959 153 1,361 225 1,300 35 —————— 92 ------ 570 2,500 — — » — -.1 1 - * 10 com Brock & Co.... * Buckeye Union Oil Co Common * Bid Ask 124c 50c 4)4 Sale 754 854 264 28 Hid 5c 37c 6 28 Jan. 31 Ask Bid Sale 24 74 294 2 24 64 28 4 25c 14 14 Sale 2)4 38c 454 75c 54 Sale 14 50c 45c 1 1,020 1,200 - - 25 410 3,000 '"700 505 Preferred 66. 34 May 29 3 24 Jan. 13 154 Dec. 10 3 24 Jan. 74 Jan. 3 354 Jan. 74 Jan. 294 Jan. 23 15 27 50c 254 Dec. 30 2 64 Oct. 224 May 20 10c Apr. 29 24 74 294 29 Jan. 15 23 874c 25c Jan. 2 14 Jan. 14 Jan. 60c 60c 5 54 44 3c lc 3c 24 4 ,1c Jan. 54 lc 2 2 17 Jan. Jan. Jan. Jan. 154 Jan. 60c 29 10 Jan. 24 30 54 Jan. 23 10 lc 30 12c Dec. 30 45c 6c Apr. 19 Apr. 19 May 15 3 Feb. 10 Feb. 24 354 June 3 a lc lc lc Nov. Jan. lc 3c Apr. 22 2c Jan. 15 10 10 25) 11) 974c 1.7 8954 9054 74 754 5)4 554 104 1054 554 54 11 17 18 9 10 4 18 114 19 6854 54 754 954 14 6954 54 Sale 1054 Sale 90c 14 64 4 65 4 54 554 654 6 54 20 Sale 17 75c 76 4 94 6 16c 406 18 104 114 Jan. 1854 Jan. 954 Jan. 95c 66 11 Jan. 23 1 Jan. 23 21 Jan. 554 Jan. 704 Jan. 954 Jan. 31 11 21c 19c 415 7 400 954 84 25c 415 7 Jan. 21c Jan. 41054 Jan. 16 95c Jan. 27 6754 May 22 Jan. 3 6 7754 Jan. 954 Jan. 74 Jan. 64 714 6 Jan. 4 21c Jan. 24 41054 Jan. 21 654 95c 46 434 554 54 Sale 1.05 1.10 6 Sale 64 64 1.20 1854 32 194 Sale 524c 55c 34 4 44 9at 5c 10c 5c 11 6 31 Jan. 20 64 Jan. 1.05 Jan. 21 9 4754 Jan. 6 a* 15c 375 7 6 194 Jan. 32 Jan. 2 33 60c 52)4cJan. 20 44 Jan. 4 Jan. 23 23 354 4 174 6c 194 Jan. 8 Dec. 17 Dec. 30 54 15c 6c 5c 954 14 June May 21 May 23 28 44 Jan. % Jan. 23 9c 17 50c 5c Jan. 8 2c lc 1054 Jan. 15 6 6 a 4 4 11" 10 Jan. Jan. Jan. 9 8 28 5c Jan. 14 3 4 Dec. 30 Apr. 8 June 7 884 Apr. 30 1054 Mar. 14 11 Jan. 43c Jan. 8 Apr. 18 12 May 22 405 10 May 31 27 45c 6 Jan. Jan. 2 a. Jan. Jan. 55c 6 7 4 64 June 7 38 54 May 24 44 June 4 30 Aug. 31 34 May 22 154 Oct. 29 94 Jan. 30 9 20 June 10 84 May 29 15 2 11 35 Mar. 21 Jan. 16 8 654 June 8454 Nov. 20 50c 1 74 Dec. 27 4 8 654 Jan. 1.10 Jan. 12 904 Jan. 54 Dec. 20 6 29 Jan. 174 334 15c 10K 434 Jan. 26 11 12 27 22 9 26 Mar. 3 34 May 21 7 May 21 2 24 Dec. a 454 454 Aug. Apr. Apr. 2c Jan. 144 Jan. 9 24 2054 Jan. 54 Jan. 704 954 4 2c 2c 3c 7 6 104 May 31 154 May 24 84 May 22 22 774 94 74 lc Jan. Jan. 68 6 8 54 6 Jan. 1154 Jan. 1854 Jan. 6 554 Jan. 7 Jan. 18 14 16 30 18 54 1 254 Nov. 4 1 Apr. 8 64 Nov. 23 60c lc 24)4 Jan. 3 Dec. 17 Mar. 6 May 15 14 May 15 a* Aug. 16 av* 6c 1 Preferred vtc 1 Byron Jackson Co... * California Packing Corp * Central Investment Corp. .100 Chapman'8 Ice Cream Co * Chrysler Corp 5 Consolidated Oil Corp * Consolidated Steel com * Preferred * Creameries of America v t c_.l rDistrict Bond Co 25 Douglas Aircraft Corp Electrical Products Corp 4 page Highest Sale Prices 154 Jan. 1 954 see Lowest Sale Prices 1 com vot trust ctfs 4,818 83)4 *84 20,123 10 10 9,446 Emsco Derr & Equip Co 5 11 Sale 42,580 Exeter Oil Co A 1 40c 43c 438 Farmers & Merch Nat Bk._100 380 392 4,929 Fitzsimmons Stores Ltd _.l 10 114 120 Foster & Kleiser Co 2.50 14 24 480 General Metals Corp 2.50 39,788 General Motors Corp 10 54 1,140 General Paint common * 7 554 255 Preferred .* 30 34 15,470 Gladding McBean & Co * 54 54 38,616 b Globe Grain & Milling Co 25 754 8 1,424 Golden State Co. * 9 94 10,310 Goodyear T & R Akron com..* 234 2454 13,306 Hancock Oil Co A * 37 4 39 26,000 Holly Development Co 1 70c 75c 20 Holly Oil Co.... 1 2,505 Hudson Motor Car Co * 54 6 1,972 Hupp Motor Car Co... 1 75c 14 18,700 Intercoast Pet Corp 50c 10c 15c 2.100 Jade Oil Co ....10c 2c 7c 7,800 c Lac Chemicals Inc 1 lc 5c 6.282 Lane-Wells Co 1 For footnotes Highest Sale Prices Sale .. 724 Lowest 14 14 10 range for year 1940 Sale Prices Ask 12c 254 1939 in january 18c 30c 254 1940 1940 Jan. 2 14 m & 4,056 — — common 989 54% preferred 50 11,509 Barnhart-Morrow Consol 1 3,435 Berkey & Gay Furniture Co__l 240 Warrants 110,260 t Blue Diamond Corp 2 28,616 Bolsa Chica Oil Corp A 10 3,908 B common — — Par 1941 Jan. I to Dec. 31. prices Price Jan. 2 1940 stocks 1,281 Barker Bros 106 Bond Sales January 4,686,086 LOS ANGELES STOCK EXCHANGE Months 1940 50 Assoc Gas & Electric A 34,698 Bandini Petroleum Co 2,790 — 4,514,178 24,013 Aircraft Accessories Corp A_50c ■mmm - 1939 Shares 5,250 — 329,479 1940 Shares 1940 393,133 1 January. 7 Mar. 13 56 Apr. 9 654 Apr. 8 324 Apr. Apr. Aug. A* Mar. 2454 Jan. 2 6 7 5 40 Apr. 3 12 80c Jan. 8 a. 354 Sept. 14 July 16 Sept. 18 Jan. 9 Dec. 31 94 Jan. 17 64 Mar. 11 Apr. Feb. Mar. Jan, 124 Nov. 81£C 3c 10c 6 14 27 16 13 65 EXCHANGE STOCK ANGELES LOS FEB., 1941] AGGREGATE los SALES In 12 Price Months STOCKS Shares 100 Langendorf United 425,485 Lincoln Petroleum Shares 173469 1,202 1,235 5,000 14,303 50,615 27,256 12,625 664,749 4,150 3,000 250 1,000 700 ,9,325 Lockheed I.os Ang Investment Co Mascot Oil Co 500 9c Sale 4 2% 1 1 lc _ 45c ' 42c ~2~, 357 1,825 572 54 200 1.011 200 200 1,328 32 11,533 230 991 44 676 565 ""2I6 665 6.078 61 2,898 3.130 10 948 9,671 9,835 600 185 175 10,240 267 9,337 1,408 250 4,476 1,225 ' 9,322 70,853 1,309 46,460 35,303 1,628 13,366 47,177 88,270 2,100 7,163 5,483 138,681 Standard Oil of Calif..— l",306 401 24 Ale Jan. Jan. 14 Jan. 8 39c Jan. 14 15c 13 3c Jan. 13 2c Oct. 2 40c Jan. 31 35c Dec 19 31 30 6c Jan. 30 3c May 6c 6c 12c 6c 12c 8c Jan. 3 8c Jan. 3 7c 30c 37c 30c 37c 30c Jan. 17 34c Jan. 6 13 6 27c Ah Jan. ilH 10)4 27 % 33 h 30)4 36)4 30% 4 17 Sale 27% 3A% 32 40 37 % A% 18 11 Sale 15 8ale 25 X Sale 2 1H 33 35 16 % 15% sx 10 X 1 % 17 Sale 33 30 8% 5 10% Jan. 28% 3A% 31 AO 37% A% 17)4 37 A 17 ox AX ASH 33 Hi 11% 15)4 11% Jan. 8 27h Jan. 33)4 Jan. 3 Jan. 24 30% Jan. 38 Jan. AX Jan y\ Jan. 17 % Jan. ~ 20 24 40 30 AX Jan. 17% Jan. 34 20 0% Sale AAH Sale Sale 3)4 5X 27% 20% 3AX 7% 8% 0% 3)4 30% Sale '27 Sale 34 Jan. Jan. 2% 3A% Sale IX 14 % 13 h . 1)4 27 8% A% 8% 8% 0% 6% 10 A% 14 % 14 Sale 0 Sale 8% 18% 1% 27% 9% Jan. A% Jan. 7 6 3 22 18 9 Jan. 18 50c Jan. 22 9h Jan. 4% Jan. 44)4 Jan. 38 Jan. 2) 5% 5 30c 21 Oct. 24 47c Feb. Feb. Dec. 30 27 2 2 9 26 28 Jan. 16 5% Jan. 23 28 Jan. 4 A7X Jan. 4 24 18 3 Ah 15 8 23 15 Jan." 8 Jan. 6 Jan. 6 14 7% 30 8X Jan. 8% Jan. 2% 2X Jan. 14 2)4 Jan. 6 4 30 Jan. 9 Jan. 9 Jan. 2% 1% 3X 1)4 1% lh 1% Jan. 14 AX 5%e Ah 8c 5 Jan. Jan. 20 5 10 6 16 15 11 27 6 8 11 23 Jan. 2 20M Feb. 19 8 17 30 20 Jan. 28 H May 19 11 2X Jan. 5 40X Apr. 9 17c May 11 9% Nov. 29 1% Jan. 11 10% Oct. 9 7 Apr. 24 52% Apr. 8 33% May 4 11% Dec. 31 3c Jan. 9 Mar. 21 31 25% Dec. 17 10c Oct. 18 A% Apr. 7 Apr. 30% Apr. 15 8 15 30 1.40 Dec. 8 Jan. 31 2 13 Jan. 1A% Jan. Jan. 8% Jan. 8)4 Jan. 6)4 Jan. 0% Jan. 13 13% Apr. 12% Mar. July 34% Mar. 34 % Nov. 31% Jan. A0% Dec. 49 % Jan. 10 16 Apr. 11 3 Feb. 2 6% Apr. A% May 22 5c Dec. 6 lAHc Jan. 6 15 Jan. 17 1% 27% 9 5/g 5% 10% 1A% 29 23 Jan. 18 8 13 29% Jan. 3Ah Jan. 5 5% Sept. 23 10c __ 30 30 30 23 30 h Jan. 9 9 20 21 11 29 10% Jan. 20 h Jan. 4 6 14 May 7 May 10% Nov. 1% Oct. 21 May 7% June AX May 17%, Aug. 12 May OH Aug. 7 H June A% Ja». 6X July AH Aug. IX Sept. A% Aug. 18 Apr. 23 Jan. 7 2 21 Dec. 28 28 27 22 21 16 4% May 23 % May 38% May 27 X May 2A% May 3A% Jan. 31 12 31 May 21 Mar. 29 6 May 18 % Dec. 19 7% Jan. 12 3% May 15 50X Mar. 30 26 May 28 8X May 22 2c May 15 20 X May 22 2A% Jan. 25 10c Oct. 18 2X May 14 14 22 13 7 15 Jan. Jan. 1.30 Dec. 16 4 4 8 16 18 2 % 12 Dec. June 12 AH 16 Dec. 30 14c 12X Jan, Jan" ~29 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan' Jan. 10 Jan. 18 Jan. Jan. Jan. Jan. Jan, 3h 5)4 25% A5% 30% 29% Jan. 1% Jan. 30 9X 3h 42% 33% 11% 34)4 25 Sale 8% Jan. Jan. 50c 35% 9X 19 17 % 10% 13 X Sale 8X 7% 8 8)4 6 ----- 9 Sale 1% 46 % 30)4 29 h 3A% 8% 0% 3% OX 20% ~3A% 8X 10 % 45 H. 30 % 10 8 36 26 6 28 Jan. 25)4 4 A0% 3% 5)4 6kJ 5 Sale 1 Sale 25% 3% 17% Jan. 30 32 10 Kg 18% Sale 15/ 1% 30 27% Sale 33 47 %c '25" "28" Sale 2% 43/4 Jan. 13 9% May 20 12% Mar. 15 10 July 11 26 h May 31 29 May 25 26% May 25 30 May 29 36H Dec. 19 4 May 21 17h Sept.13 28 28% Jan. 8 Mar. 29 3X July 31)4 Jan. 39% Jan. 31 1.40 Jan. 17% Sale 1.40 30 8% 75c 30c 9 Sale 155* ox ... 15c 3c 50c 9c Mar. 29 6 8 6 Sale 27% 3AX 30% 30% 3AH 33 % 34 X Ah Jan. lc 30 X 20 X 2994 A% AX 41 % Apr. 15 IX Jan. 7c 5 25c 10 June 2 10c 5c A% 3 2% Jan. 4c 6c 18c 8% Jan. 22 Aug. 22 15 OH Nov. 7 60c 15 May 9 4 H May 9 22 Jan. 26 3% May 16 Jan. Jan. A7X 1 10 5,986 Yosemite Portl Cement pref 10 5% Jan. 17 22 10c 45c Sale 5X Jan. 38c Jan. 1 % Jan. 5X 5X 38c 2 7c 23 X June 35c 46 1 9 Sale 30 13,670 Wellington Oil Co 1.077 Western Air Express Corp 100 Western Pipe & Steel Co 23 Jan. 40c Sale * 1,282 Van de Kamps Bakeries. 1.50 159,098 Vega, Airplane Co 1 14,459 Vultee Aircraft lnc 705 Weber Showcase & Fix pref--* Jan. 28 Sale 7c Sale Sunray Oil Corp 1 Superior Oil Co common 2o Taylor Milling Corp * Transamerica Corp 2 Sest Air.* 858 Transcontinental & 25 140,721 Union Oil of California 10 12,331 Universal Cons Oil Co 36c 4 31 9 37c Sale 100 * Jan. Jan. 3c 8c tn Southern Calif Gas 6% pref-25 6% Series A pref 25 Southern Pacific Co 24 4c 25 25 25 Original preferred 6% preferred 5%% preferred 20c Sale 8c 25 So Calif Edison Ltd com Sale 24 2c * "~6H "7X Sontag Drug Stores 5X OX 50c 2% Sale 39c 32c 5c 1 47,925 Solar Aircraft Co 2,425 Sale Sale 2c ..... 3,932 Highest Sale Prices 4c 52 %c iin dH '""266 Lowest Sale Prices 30c 48c 43c '—-1 28,910 Oceanic Oil Co 5 AX --* 8.512 Pacific Clay Products 22c 11c 1 7,100 Pacific Distillers lnc 12 nx 20,933 Pac Finance Corp common.-10 12 Preferred A 10 310 10 370 Preferred C 10 34 33 y2 Pacific Gas & Elec Co com—25 17,533 3AX 1st preferred 6% 33% 7,982 25 31 X 30 h 5 H% 1st preferred 25 3,178 35 % 3534 10 7,519 Pacific Indemnity Co A9% 48)4 13,651 Pacific Lighting Corp com...* Sale 6 Pacific PuDlic Service 1,279 20 2tH 1st preferred 587 10 708 Pacific Western Oil 13,632 Puget Sound Pulp & Timb Co_* 1 31,580 Republic Petr Co Ltd 826 5 % Preferred A 50 20c 13c 1 29,853 Rice Ranch Oil Co 8 7% 78,753 Richfield Oil Corp common—* Warrants ; 1% IX 5,107 .2 ?% Sale 28,503 Roberts Public Markets 5% 5X 125.658 Ryan Aeronautical Co 1 2,202 Sale way Stores lnc— -* %VA 32 30 3,190 Security Co units 12 H 13 H --* 2,025 Shell Union Oil Corp 8c 2c Sierra Trading Corp 25c 5.000 Sale * :;<27 5,734 Signal Oil-Gas A B common * 24 214 2c 25c ; 2,000 Signal Petroleum Co of Calif- -1 3,400 1,358 Highest Sale Prices 8c 4c 1 1 27 X Sale 12c Mid-Western Oil Co---5 Mt Diablo Oil Ming & Dev. ..1 Ask 8% Jan. 21c AX • 40c 1 Menasco Mfg Co Merchants Petroleum Co. Lowest Sale Prices Jan. 31 Ask Bid Bid 8% 7c 32 1 10 Corp.- Ask 7H Bakeries B * Corp—10c Aircraft Jan. 2 1940 Bid Par 49,300 Nor don Corp 11,100 Occidental Pet Corp— 1,500 "• Jan. 2 1940 January RANGE FOR YEAR 1940 PRICES IN JANUARY angeles stock exchange 1% Jan. 27 Jan. 20 5)^cJan. 10 48 Nov. 31% 29% 35% 34)4 15% 20% 1)4 Nov. 7 Jan. 4 Nov. 8 Oct. 31 3 Jan. 9 Jan. Apr. 19 28 4 24 36 Jan. Nov. 29 Mar. 14 30 11 7 18 Sept. 6 17% Jan. 8 15% Jan. 3 9% Mar. 27 14 Apr. 16 9% Sept.23 7 21 19 21 15 12 5 6 1 20 Feb. 20 3% Jan. 22 6 Mar. 28 7 mining stocks— 167 3,000 5450 350 2,014 160,900 118,500 25,400 7,585 39,000 2,100 38,534 Alaska Juneau Gold M Co.. 10 Black Mammoth Cons M ColOc Calumet Gold Mines Co—10c Cardinal Gold Mining Co..—1 Cons Cbollar G & S Co— Imperial Development Co—25c Prince Cons Mining Co 10c Zenda Gold Mining Co 25c unlisted 235 5,018 299 3,932 19,641 26,714 6,173 12,336 3,061 17,464 2,040 16,767 2,849 7,230 12,528 7,811 1,590 1,528 1,475 2,093 2,788 210 230 ~ 952 406 468 Am Smelting & Refg Co.. American Tel & Tel Co Armour & 106 '""194 — 11,126 5,109 11,229 9,222 2,690 48.001 5,282 1.221 280 407 20 210 1,168 270 Baldwin Loco Works v t c Barnsdall Oil Co ...... Aviation 1,658 — 6,584 4,541 1,380 6,111 5,100 8,913 4,732 7.222 4,550 3,582 23,103 25,205 8,569 5,825 19,147 "5,913 6,036 2,978 14,043 154 '"'660 465 436 275 766 300 1 2,026 1,250 533 369 1,083 579 407 Commercial Solvents Commonwealth & Southern Continental Motors Corp Continental Oil Co (Del) 590 3,144 Electric Bond & Share 1,808 15,356 2,271 12,858 7,405 2,714 22,850 1,339 410 372 1,424 45 1,000 1477 * * 0% 7 Jan. 0% 7 0/8 42 43 39 h 38 k 38% Jan. 167H 168 % 163 % 164 % 163)4 Jan. 2A% 25 Jan. 20% 20% 23% 5% 5 Jan. Ah OX Ah 18 X Sale 22% 18X Jan. 21% 23% 24 5/g 23% 22% Jan. 22% A% Ah Jan. m 0% A% 25 3 1 13 5 5 17 % 18% 1 8% 33 X \ 18% 3iA 80 h 81)4 10% 3)4 17 48)4 A% AX 10 h * 49)4 44 —* * 3% 18)4 8% 28% 5 A" 4h 10% 0% 20% !c May 2% Jan. 9 3 L May 18 Feb. 26 He Feb. 26 Mar. 26 Oct. 2 38% 13)4 International Nickel Co * International Tel & Tel ._* 23% 2% 30% 32% 37% Corp 13 * * 3Z^ Montgomery Ward & Co * Mountain City Copper Co..5c McKesson & Bobbins lnc 5 RR_. * North Amer Aviation lnc 1 10 * ..* 1 North American Co Ohio Oil Co Packard Motor Car Co lnc Pennsylvania RR Co..... 3 Radio Sale 26 26 H 22 H 23 X 16)4 7% 3 50 * * * 15 ..._* * Standard Oil Co (N J)....—25 Stone & Webster lnc—......* Corp (Del) 17 ■ 10% 22% 7% A% 2A% 2% 30% 32% 37% 3% A% 14 Sale 17 X 7% 3% 10 % 22% 8) ._* Standard Brands lnc Corp 3% 13% 18 % * Pure Oil Co Socony-Vacuum Oil Co Southern Ry 3H 45 AX A Ah A% 10 2 30 3 35 148 „ 6 19 4 June 15 May 10 Jan. 21 24% Jan. Ah Jan. 3 _ A% Aug. 9 21 30 20%, Jan. 9 9 51 18% Jan. 9% Jan. 35 10 4 Jan. 47 Jan. A% Jan. 25 50 Jan. 9 A% Jan. 11 Jan. h Jan. 3)4 Jan. 3 A% Jan. A% Jan. 3 8 8 3% 33% 30% 13X Jan. 8 33% Jan. 35% Jan. 12)4 Jan. 29 2A% 24 Jan. 2 32 2% Jan. k Jan. 29 31% 37 X 3 X 3)4 28 15 Jan. 8 8h Jan. 28% Jan. 21 23 8 .... 1 1 -25 23% 18X 85 % 12% 10% 6 44% 11)4 OX 2 21% 2% 32% 32% 36 36 % 2% 3% 12% 15 15X 7 7 X> 12 H 8% 12% 20% 6 11 22% 7h Ah 10% 1A% Sale 72 Sale 3% 3% 13 15% 16 7% Sale 3 10% 22 % AX 18% 13% 23% 10X 86 X AA% \2X OH 2 H 22% 2 31% 31% " 0 13X 0% 3AX Apr. 5) Ju.y 4) June 9% July 22 10 10 8 28 Dec. 15 2% May 14 15 Oct. 22% 30 10 % Aug. 15 2A% June 20 Dec. 13 3)4 Dec. 27 May 21 16 27 30 8 37 31 13% Jan. 23 Jan. Jan. Jan. Jan. 20 20% 2)4 30% 33% Jan. Jan. Jan. Jan. 28 8 22 June 21 39 Jan. 9 37 Dec. 3% Jan. 3)4 Jan. 9 Jan. 10% Jan. 16)4 Jan. 7% Jan. 3 Jan. 30 15 Jan. 10 27 17X Jan. 17)4 'Jan. 7)4 Jan. 6 0% May 22 15 X Aug. 14 10 10% June 11 8 Jan. 14 5% May 22 2% May 15 5X May 17 19 X July 19 13 8 21 11 16 17 14 3 9 11% Jan. Jan. 6 23 Jan. 6 Jan. Jan. Jan. Jan. 72 Jan. 8)4 Jan. 12)4 Jan. 6% Jan. 8 Jan. Jan. Jan. Jan. 13 17 8% A% 22% 15% 31 72 8% A% 19% 1A% 21 29 2 17 10 9 20 6 13 Jan. .31 9 9X Jan. 13% Jan. 11 0% Jan. 35% Jan. 6 30 8 Jan. 20 24 Jan. 6 7% 8 Jan. 16 8% Jan. 8 22% 22% 22)4 Jan. 8 22% Jan. 6 34 8 Nov. 13 8 Jan. 11 19 348H 4 4 Feb. 6 May 2 12 ifg Apr. Jan. 3 26 Apr. 9 7)4 Mar. 30 26 54 Apr. 9 7)4 Nov. 12 Mar. 11 4 10 54 Dec. 18 25% Nov. 12 9 24)1 Jan. 5 Apr. 3 Nov. 9 12)4 Dec. 27 May 21 Sept. 12 May 22 8754 Apr. 6 5 12% Apr. U% Jan. 26 Jan. 18 June A3% Feb. 23 July 3 22 5% May 20 Aug. 26 11" 3 Jan. 9 5 27 7 Oct. 7 A% June 20 14 % May 21 11 X May 21 08% June 13 5 Jan. 5 4 2)4 May 21 lH f* 40 Apr. 20% 1 51% Jan. 24 0% Sept.19 Apr. 8 16% Apr. 5 IX Nov. 4 2 A% Feb. 20% Apr. 17 11 % Mar. 8 7 29% Feb. Jan. 9 10 8 4 13 4 IX Dec. 11% Jan. 8 20% Apr. 1% Dec. 38% Jan. Sept. Nov. June 26 24)4 July 23 Nov. 47X Feb. 12% 4 3 Apr. 1 6 11 Dec. Apr. Nov. .2 0% 22% 11 Jan. 7% Jan. 7 90 Jan. Jan. Jan. Jan. Jan. 7 Apr. 10 Apr. 22 Apr. 8 24* Apr. Apr. A% Jan. 3A% Jan. 39% Jan. 4 11 13 15 19% Apr. 10 12% Apr. 9 34)4 Apr. 16 !g h 3h 20% 9% 29% 7X 33% 174)4 31)4 7% 24)4 22% 11 9 Jan. 47 H Jan. 15 Mar. 12 20 H June 3 24 Jan. 9 3% 32% 35% 12% 23% 10 May Juiy May July 30 20 5 9 83 %\ Jan. 11 3)4 18 % 8% 27% V* 4 6 Jan. Jan. Jan. Jan. 21 17 9% Jan. Jan. 83 % Jan. 17% Jan. 3% Jan, 9% % 3X 17 5/8 8X 27% n Jan. 2X Sept. 13 May 7% Aug. 25)4 June 68 X July 15% Aug. 3% Dec. 15h Jan. 35 7 AAX 31 168% 21 27)6 20 5% A 38% Pictures 3X 16 8% Sale 82 h 18 4 31 5 Corp ..* Goodrich (B F) Co * Graham-Paige Motors Corp._l New York Central 8% 18% 3% General Foods Kennecott Copper Loew's lnc 15 X 35 k 85 34 1 3 3% For footnotes see page 66. 16 9 29 33 X 510 Superior Oil 6,565 Swift & Co Jan. Jan. ._* Studebaker 5c 1.35 Jan. t%c Corp.* 816 Seaboard Oil of Del Sears Roebuck & Co. 120 532 10 2He Sale — Corp.of America 55,132 Republic Steel Corp 796 15 4c 35c 1 5 1 Corp Oltiss A. Paramount Jan. 1.20 Jan. 23 __10 Corp m 13i9§4 501 1% Jan. Bethlehem Steel Electric Power & Light 97 E] g eneral Electric Co.. ■""300 8c 1.35 -,3c Ry..l00 Aviation & Transportation.. Curtiss-Wright 4c 1% 2c 9 Dec. 30 7%c Jan. 38c 28c 100 Aviation Corp (Del) 904 Cities Service Co Columbia Gas & Elec 13 398 5c c Jc 2X 1c. Copper Mining—50 Co (111) 5 Atch Top & Santa Fe Atlantic Refining Co., Bendix 3c 1.05 10c 5c stocks— Amer Had & Stand San Anaconda 5c 2X He Corp (Del)..* Borg-Warner Corp 5 Canadian Pacific Ry 25 100 103 Case tJ I) ... * 3,552 Caterpillar Tractor 345 222 • i AH 5 5%c *"8c OX 12 %c 15c tec lc June 5 12 Jan. 11 12% Feb. 20 2% Apr. 9 23% Feb. 28 66 LOS ANGELES STOCK EXCHANGE AGGREGATE LOS ANGELES STOCK EXCHANGE SALES \ 3 January PRICES IN JANUARY ,hares Jsn. 2 UNLISTED 1940 STOCKS Shares 484 I 170 67 143 220 Jan. 2 Bid 25 .10 * 3,830 United Corp (Del) 435 •-47,334 39,200 5,697 2,845 9,963 350 167 par value, U S U 1594 41X 194 2194 10 Steel Corp Warner Bros Pictures 4094 1094 69 X 16 Vs 42 94 194 2294 6894 Sale 10494 9X 68 X * — .... Rubber Co S * 5 67 94 394 Westinghouse E+ec & Mfg -.50 Willys-Overland Motors Inc__l 10394 a Odd liquidating dividend of $3.50 Jan. 31 Ask Bid 39 94 '6,773 United Air Lines Trans Corp..5 7,333 United Aircraft Corp.. 5 1,678 ♦No " 1940 Par 5,381 Texas Corp 3,381 Tide Water Assoc Oil Co 5,719 CJnion Carbide 9c Carbon 954 RANGE FOR YEAR 1940 Price 12 Months Lowest 3794 994 6494 1394 3794 1 37 Jan. 10 38 Jan. 30 24 30 28 30 17 ' 3 9594 6594 1494 3894 1 94 2094 65 94 3894 194 2094 63'94 394 9694 Lowest 30 Highest Sale Prices Sale Prices, 37 Jan. 30 3 Jan. Jan. Jan. Jan. 994 6594 1494 1994 62 94 Highest Sale Prices As§ Sale Prices 9 3894 8J4 6394 1294 43 94 Jan. 4 34 10 Jan. 3 7094 Jan. 10 17 Jan. Jan. 3 94 Jan. 9594 Jan. 194 Jan. 28 23 94 Jan. 15 18 6894 Jan. 2 394 Jan. 31 10394 Jan. Jan. 7 45 10 9 194 2 94 10494 1 94 July 4794 Apr. 4 11 Jan. 3 8294 2394 5194 294 Feb. 29 May 21 Apr. 15 Aug. 14 Apr. 17 Dec. 12 Jan. 3 Sept.13 3894 Feb. 9 May 20 7694 Dec. 9 May 16 494 Apr. 4 Dec. 31 10494 Dec. 31 Mar. 13 394 Apr. 22 lots, per 15 June 3 June 12 t Name of Los Angeles Industries, Inc., changed to Blue Diamond Corp. as of March share paid Oct. 10, 1940. c Formerly Pacific Distillers, Inc. r Removed Dec. 13, 1940. 26, 1940. b Second RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Stock Sales 1941 January Shares_ 1940 114,884 Jan. 1 to Dec. 31__.___ Bond Sales 86,766 1940 1940 $7,000 1939 1,115,422 1941 January Bond Sales 1940 Jan. 1 to Dec. 31 1,178,001 1939 $9,000 15,000 AGGREGATE SALES In 12 January % PITTSBURGH STOCK EXCHANGE PRICES IN JANUARY BONDS 1940 1940 $ Bid 4,000 Independent Brewing 6s. .1955 5,000 Pitts Brewing 6s. .1949 Shares 788 STOCKS Shares 25 """459 305 3,911 3,940 2,348 14,251 2,860 10 1,875 1,384 85 878 545 '3',630 Preferred 6,351 5",060 1,825 324 100 "618 1,249 850 50 ""200 1,050 748 50 72,866 5,924 10 100 Blaw-Knox ♦ ♦ 5,912 571 • 1 ♦ * Copperweld Steel 9X Sale 8X Sale 35c 5X 6X 894 Jan. Jan. 31 16 1094'Jan. 1194iJan. 4 10 7 Jan. 28 794 Jan. 9 494 Jan. 31 5 Jan. 14 10>| 50c Sale 7 7X 4X Sale Sale .... 4X 7X Sale Duquesne Brewing. 5 Electric ♦ 5 100 1 100 ♦ 670 Preferred 995 Pittsburgh Forgings 6,329 Pittsburgh Oil & Gas 7,386 Pittsburgh Plate Glass 10,939 Pitts Screw & Bolt Corp 17 1194 Sale ..... 13 14 11 1LX 3X 14 __ t Voting trust certificates 4,613 Vanadium Alloy Steel.... 18,870 Victor Brewing Co IX 1X 27"" "30"" IX 21X IX Sale 10 X "~5~" Sale" IX Sale 694 794 101 9X 5X 75c 7X Sale 28 102 Sale Sale 994 6X Sale 4 6 5 Sale 90c 95c Sale 10 9 5 2 494 Apr. 8 July 11 Aug. 7 Aug. 2 Apr. 22 Feb. Apr. Aug. 23 1794 Jan. 21 1594 1394 Jan. 28 18 11 12 1294 Aug. 994 June Jan. 6 494 Jan. 14 194 Jan. 30 19-4 Jan. 11 Jan. 100 Jan. 994 Jan. 594 Jan. 17 105 Jan. 2 1094 Jan. 6 11 IX IX 3294 594 Sale Apr. 3 Mar. 29 Dec. May 194 May IX Sale IX 31X Jan. 6 6 Jan. 4 27 194 Jan. 7X Jan. 22 794 Jan. 194 Jan. Jan. 6 85c 6 2 Jan. 21 194 Jan. 30 3 Dec. 11 Apr. 5 Mar. 2 Nov. 12 Dec. 31 Apr. June 794 May 194 July 494 May 60c 9 Dec. June i75 8 3 21 Mar. 22 Jan. 9 1294 Jan. 25 July May 9 Sept. 16 May 6 Apr. 3 Dec. June 27 26 ,!» Jan. July June July 17 Apr. 25 4 31 7X Sale 3094 Sale 1 Dec. Jan. Jan. 2 10 3194 Jan. 794 Jan. 25 2 28 694 Jan. May May May 31 Dec. 31 40 10 22 Jan. 10 31 Jan. 31 40 IX Sale Sale 5 60c 694 Sale 394 6 lc 2c 7$ 50c lc IX Sale 2X Jan. 10 3 8694 Jan. 6 94J Jan. 31 2 794 Jan. 10 194 Jan. 8694 Sale 6X 3X 40c IX 194 Jan. 82 194 Jan. —- 9 194 Jan. 9 2c 3 Sale lc Jan. 2 3 Sale 294 Jan. 3 80 10 8 80 1 20c 30c June 1 Sept. 24 July 31 May 9 Mar. 27 Oct. May : 28 lc 22 194 May Jan. 31 80 Jan. 31 — 13 2694 Jan. Feb. Feb. 9 Oct. 31 Dec. 19 Dec. 28 13 55 June 39 5c 30c 594 Sept.: 40 10c Oct. 40c 25c Nov. 35c 40c I 40c 10c Apr. 25c May 41 Dec. 25c 37 2X *'394 21X Sale 39 Jan. 15 39 Jan. 15 28 2094 Jan. 30 22 94! Jan. 10 1594 May 7794 May 13 294 Jan. 24 5c 2} 29) 394 Sale 294 Sale 2 Apr. 18 2 Jan. 31" 30c — ::::: "33"^ Dec. 31 Dec. 494 May 294 Aug. 30c Oct. : Jan. 2694 Jan. 6 55c 66 12 Dec. 20 194 Dec. Jan. 8 5 1 4 5 *"9"" lc 2 80 Jan. 194 Jan. 3 9694\Jan. F4 60c 7$ .100 1 Dec. 30 30 "ix III" 1 533 Waverly Oil Works class A * 24,867 Westinghouse Air Brake ♦ 2,074 Westinghouse El & Mfg....50 9 Jan. Dec. 20 ._♦ _.l Apr. June 65 84 X 10 '8X ♦ Apr. May 5 1394 Jan. 1194 Jan. 394 Jan. 1294 * 5 1 1 Apr. Jan. Oct. 10 Nov. 7 Feb. 9 194 Sale ___25 1,075 Pittsburgh Steel Foundry 5,140 Renner Co 930 Reymer & Bros common 2,140 Ruud Mfg 110.449 San Toy Mining 32,917 Shamrock Oil & Gas 207 D% Preferred 826 C% preferred Standard Steel Spring """285 United Eng & Foundry May May Aug. Mar. 13X 1194 Sale 3X 4X 100 ...1 5 May 10 Apr. 19 May 1794 Jan. 16 11 Brewing May 194 694 2394 594 694 7494 7994 Aug. * Products Follansbee Bros pref.. 16 20c ...10 ...10 Ex-dividend. 6 13 30 * _ Crandall McK & Hend Devonian Oil x Jan. 194 Jan. 794 Jan. 10 585 Mc Kinney Mfg Co— 1 96,874 Mountain Fuel Supply 10 32,074 Nat Fireproofing Corp com..* 675 National Radiator Corp 10 260 Penn Federal Corp common..♦ 90 Preferred 494 % --50 6,307 Pittsburgh Brewing * Preferred * 3.433 1,084 Pittsburgh Coal Co com 100 Sale 100 _ 3.432 Koppers Co pref 71,508 Lone Star Gas No par value, Sale 100 Preferred UNLISTED 9,513 Pennroad Corp vtc Highest 10c 1294 Sale Co Byers (A M) Preferred 25 IX Jan. 13 794 Jan. 30 7X 37 11 622 Lowest Sale Prices Sale Prices 113 Jan. 9 113 Jan. 9 108 Jan. 11 11094 Jan. 25 113 94 Apr. * Fort Pitt Highest Sale Prices 21X Jan. 30 Armstrong Cork Co 141,666 Carnegie Metals 11,203 Clark (D L) Candy :. 37,776 Columbia Gas & Electric 299 6% pref series A 2,283 Consolidated Ice Co 3,458 1,715 5,313 24,007 5,838 5,179 45,081 Lowest Sale Prices Ask 10894 10 526 United States Glass 240 Jan. 31 Ask Bid ..100 300 Harbison Walker Refrac com.* 70 Horne (Jos) common 100 400 Jeannette Glass preferred ♦ 220 Jones & Laughlin Steel pref. 100 489 Bid Par Arkansas Nat Gas Corp. Preferred 511 '""359 Jan. 2 Ask 8,733 Allegheny Ludlum Steel 41 60 RANGE FOR YEAR 1940 Price Jan. 2 Months 294 Dec. 2 Jan. 194 May 24 3894"D"ec"."24 55c Feb. 19 June 12 Nov. 8 Jan. 25 3 94 May 13 2894 Jan. 4 11794 Jan. 3 3 Nov. 18 In the earlier part General of of records of the dealings on the leading stock exchanges calendar year to date, are furnished. In this department of this publication complete the country, for the latest month and for the comprehensive whole, securities of all classes and descriptions, not leading unlisted and inactive securities. The following is an Quotations we combine in only those dealt in on the exchanges, but also index to the different one classes of securities quoted: ............... 84 Joint Stock Land ........ 92 Foreign Government Bonds.............. 93 Bank Securities........ 84 Mining Stocks Exchange Seats. _ Federal Land Bank Bonds Page Page Page 85 Municipal Bonds—Domestic............. 92 — ...... 94 Canadian............................. Industrial Bonds..81 85 Public Utility Bonds.................... 73 Insurance Stocks....................... 100 Public Utility Stocks Industrial Stocks......!................ Investing Companies Securities..... ... 72 67 ..................... Real Estate the date of issue. flat price—that Is. that the accrued interest forms part of the price, and provide for It separately In making payment. In the case of income bonds and bonds in default, the price is Quotations for all securities are as near as possible The letter "f" prefixed to bond prices therefore the purchaser does not have to 78 Railroad Bonds......................... 71 Bonds.....-.-.—.--.——--101 Real Estate Trust and Land Stocks....... 8# Textile Stocks.........— ......... 81 Title Guarantee and Safe Deposit Stocks. 85 United States Government Securities..... 92 United States Territorial Bonds..—...... 92 Railroad Stocks for the closing day of the month preceding denotes that the quotation Is a fact. 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 always ••flat," aud no designating mark Is employed to Indicate the 4 Quotations ror equipment bonds are based on average cases the figures are obtained from sources which are The following dated "conv" for convertible, "s f" for The black-faced type In the letters "g" for gold, "gu" for guaranteed, "end" for sinking fund, "1 g" for land grant, "opt" for optional. showing the interest period indicates the month when the bonds mature. where marked "f" and Income and NOTICE—All bond prices are "and interest" except Bid Bonds 6s'40JAJ f 92 1st cons g 5s 1943 ser 1st cons 4s 1943 ser B Alabama 54 54 1st 55% 110% 107% JAD Tennessee A Northern— f 7% 6s 1941 109% mtge 95 83 59 1.75 .... 1.25% Ut g Q A Term- Is 1995 A Santa Fe— gold 4» 1995—-AAO Adjustment 4s July 1 1995 Nov Stamped MAN Conv g 4s of '09 due 1955. AD Conv g 4s '05 due 1955—JAD Conv g 4s of *10 due 1960.JAD Conv deb 4 Vis 1948 JAD Trans 8 L 1st g 4s 1958—JAJ Cal-Arii 1st Aref4 %s'62 opMAS. Rocky Mt Div 4s 1965—JAJ Eq tr 2%s 1941-1949 MAN 6 Eq tr 1 %s Dec 5 1941-1950 6 Athena Term Ry 1st g 5s '37..JAJ f Atl A Blrm. See Seab'd Air Line Atlanta A Charlotte Air Line— 1st M 4% 1944 ser A JAJ lot M 5s 1944 ser B JAJ Atlanta Knoxville A Northern— 1st mtge gold 5s 1946—..JAD 1st cons 4s Mar 1 2002—MAS Atlantic City 1st 4s 1951—JAJ 1st 5s ext May 1 1954....MAN Atlantic Coast Line RR— 1st cons 4s July 1 1952..-MAS Gen unifser A 4%s 1964..JAD 10-yr coll tr 5s May 1 '45.MAN Lou St Nasbv 4s Oct 1 '52-MAN 45 52 99 82 Ann Arbor 100 Gen mtge 109% 90* gg Jan. 27 91 100 Battle Or A Sturgis gu 3s Bedford 95% 40 17 % 17% 58% Belt 1st 5s 1938 61 48 56% 0.50% 1.00% 1.00% 1.50% 110 lI6% 101% 101% 53% 53% 81% 81% 90% 54% 55% 41% 45 48 55 1.10% 1.20% 1.60 25 50 70 85" 99} 100} 99% 101% Equip tr 2%s 1941-1947--MAS Is 1941-1950 JAD 16 73 ,2.00 90 1.50% 92 22 80% 98% 99% 5s Oct '63 4 Vis lmpt 1978 1st mtge 4 %s ser JAJ' JAD FAA A 1943—AAO 3%s Jan 1 1951 JAJ Ref 3%s 1952 gu N Y O..AAO 81% 63 63 71% 92% 64% 64% 77 % 78 % 82 72% 84 78 73 23% 1st mtge 5s ser <A.O 1967,.r.M AS 5s ser tl 1955.-.MAN lstmtge4%sser JJ 1961..AAO 1st mtge 4s ser RR I960 JAJ IncM 4% ser A July'70—MAN/ 5s series T Sept 1 1941. 5s series U Nov 1 1941.. 1st mtge 74% 1.40% 1.35% 5s series V Mar :1 38% 33 % 65 106 5s series ZiMay 1 5s series AA April 5s series BB April A5s series CO Jan 1 t 5jBasls. 3 3%s 1947-_FAA 5 Creek"3 %s A 1965—MAN 101 Buffalo Rochester A Pittsburgh— Cons mtge (stamped modified) int at 3% to 1946 due 1957.. 44 45% 67 68% Buff A Susquehanna RR Corp— 1st 4s Dec 30 1963 JAJ Burl Cedar Rapids A North— / 4% 5 / 3% 4% FAA 104% 106% Equip trust 2 %■ 1941 47—AAO Canada Atl Ry 1st 4s 1955--JAJ Canada South 5s 1962 ser A.AAO 1.40 70 Con 1st A coll tr 5s g '34—AAO Certificates of deposit.. Clearfield Ry— Cambria A Indiana RR— Canadian National Rys— 2s guaranteed 1942 JAJ ..FAA FAA JAJ MAN FAA JAD ..JAD FAA JAJ MAS FAA JAJ J&D 86% 69 69 guaranteed 1943 69 2%s 1944 68 7-year guar 2 %s 1946 71 38 guaranteed 1944 67% 3s 15-year gtd 1952 68 3s 13-year guar 1950 68 3s 16-year guar 1950 67% 3s 15-year gtd 1953 66% 3s 15-year gtd 1959 92% 4%s guaranteed 1951 92 V 4%s guaranteed 1956 93 4%s guaranteed 1957 94 4%s guaranteed 1955 81 5s 15-yr. guaranteed 1954-FAA 94 5s guaranteed July 11969 JAJ 95% 5s gtd Oct 1 1969 AAO 5s guaranteed 1970— 96 FAA Equipment trusts— 4.00 4%s series J 1941-42—.MAN b 4.50 5s series K 1941-1944—MAN b 4.50 4 %s series L 1941-1945. J AD 104 Canadian Nor deb 6%s '46..JAJ 100 Canadian N W 4 %s Oct 22 1943 Canadian Pacific Ry— Guar 7-year . . FAA AAO 1951—FAA 3s serial coll tr 1941 3s conv 3%s coll trust 1945 conv coll trust conv JAJ coll trust 1949 JAJ JAD MAS J&J 1943 5s coll trust L1944. 1 1944 6s JAD MAS 4s _ cons conv 1954 coll trust 1942 Equip trust 5s 1944. 4%a 1941-1945 1945.. 1 1945 1946 17 43% 42 4s JAJ JAD 98} / This price Includes accrued interest, / 14% JAJ 5s series W April 1 1942 5s series X'July 1 1942. 5s series Y Jan 1 1943 96% 11% 99 41% deb (perpetual) 4 %s secured ctfs 1944 4%s coll trust 1946 4%s coll trust 1960 1942 l.l 10% 4%s Juy 15 1947—JAJ15/ 481950 24% 70% 91% Boston A Maine RR— 5s series EE Jan 1 Called for redemption; see page 111. 1.10% 6 93 77 V 63 V 82 1.35 108% / 78 77 6 Blrm Term 1st g 4s 1957 gu.MAS Boonville St L A Sou 5s '51-FAA 5s June 1942 91 104% Big Sandy Ry 1st g 4s 1944..JAD Birmingham 8outbern— Equip trust 3%n Dec. 1 1941-46 Boston A Albany 112 98 77 63* QQ Belt Ry 31 m 2s Bessemer A Lake Erie— 1.40 1.25% 2.00 / July 1 1938 Gen M g 4s 1955 90 of Ohatt 1st 5s '45-.JAJ Belvldere Del cons 3 %s 1943.JAJ 3% 1st Boston Term Co Cambria A 1. 1951—AAO Beech Crk Ext 1.75% 1.85 FAA / 4s 1955 Bost A Prov deb 5s Buffalo JAD JAJ 103% 1.50% 2.50 6s ext to Jan 15 1947..—JAJ '89.JAD 3s 1989 5s seriesDD June 40 V* f 40% Bay City A Battle Creek— 99 2.00 Boston Rev Beach A Lynn— Piscat Div g 58 Jan 1943..AAO Van Bur Ext 5s g Jan '43.AAO 109% 103 % 112 % Equipment trusts— 2.00 2%b ser F 1941-1952—AAO b 1.90 2s ser G 1941-1950 AAO 6 Atlantic Coast Line (Conn)— Irred ctfs of mdebt 5s JAD 78 Atlantic Coast Line of 8 O— Gen 1st g 4s July 1148—..JAJ 95% Atl A Danvllk 1st 4s 1948—JAJ 36% 2d g 4s 1948 ..JAJ 32 Atlantic A Yadkin gu 4s *49. AAO 63 % Aug Term 1st gu g 6s 1947.-AAO 103 Augusta Un 8tatiou 4s 1953.JAJ 84 a 41 46 4s stamped 1951. Atchlson Topeka 99 J ADO 4s June 1 A Dec 1 1941-1949. b 4%s 1941-1943 AAO b 5s 1941-1944..— MAN b 1st mtge gu Ref 4s ext to 1951 104% 99 JAJ ....FAA Boston A New York Air Line— MAN S'western Div 1st M due 1950 int 3%% to Jan 1 '47.J&J To! Cinn Div ref 4s A '59-JAJ Eq tr 4%s ser D 1941 ——J&J Eq tr 4%s ser El941-42-- A&O Eq tr 4 %s ser F 1941-44. .MAN Eq tr 2%s ser J 1941-1950 Eq tr l%s ser K 1941-50—JAD Bangor A Aroostook— 1st M 5s g Jan 1 1943 JAJ Cons refund g 4s 1951— JAJ 93 83% Utility bonds. Ark A Mem Ry B ldge 40 % Ask 98 98 1947 Mtga 4%s 1944 Mtge 4s 1942 71% PLEA West Virginia— 58 103% 69 b 69 % 1-5% to Dec 1 94% 81% Allegheny A Western— 1st mtge guar 4s 1998 AA< American Refrlg Transit— Equip 5s ser F. G A H. '41-*4 Anacostia A Potomac—See 70% 59% gold due 1948 int ...J&D Ref A gen M ser D due 2000 int 1% to Sept 1 '46-M&S Ref A gen M ser F due 1996 int 1% to Sept 1 '46-M&S Conv gold due 1960 FAA 90 82 Bid Equipment trusts— 3%s 1941-1944 1946 Alabama A Vlcksburg Ry— / 58% 4% to Oct 1 interest at 1 10 % 1st M g 5s 1974 rieb A..MAN Albany A Susq 3%s g 1946../ " ~ Alleghany Corp— 5s sreies GG April 1 1946.AAO Ref A gen M ser A due 1995 int at 1 % to Dec 1 '46.J&D Ref A gen M ser C due 1995 at A—JAD g Baltimore A Ohio— 102% Gen A ref 5 He 1945 ser Alabama Great Southern— 69 V* gtd defaulted bonds. JBoston A Maine RR (Continued) 5s series FF Jan 1 1947 99% 1st mtge g 4s, July 1948--AAO 4% ext sec notes 1944 FAA Stamped modified bonds: 95" Akron Oanton A Youngs town— A.AAO / B.AAO / JAJ Ist mtge 34 endorsed, "cons" for consoll* Bonds Ask Austin A Northwestern- Adirondack 1st 4%s 1942 gu MAS Akron A Barb Belt g 4s 1942. JAD Oen A ref 6s 1945series Bid Bonds Ask RAILROAD BONDS Aberdeen AAsheboro 1st nominal, but In an considered reliable. abbreviations are often used, vis.: "M" for mortgage, ill Last sale, n Nominal, r Canadian pricejj 3.00% 4.00% 4.00% 105 103 79 62 63" 59 62 60% 54% 65% 54% 77 80., 67 72 69% 102 4.50 63 67 69% 73% 72 # 102% 4.00% 68 RAILROAD NOTICE—Ail ond price* Quotations for all securities Bonds Bid J&D Carthage & Adirondack Ry—1st gtd 4s 1981 J&D Catawissa RR g 4s 1948 A&O 51 105M 1st M g „ . 5s Nov 1 1945 Ref & gen 5s 1959 ser 1 { 20^ r 24M 6H IVs IVs M&N / B.A&O f C—A&O f Cons gold 5s 1945 Ref & gen 5 Ms 1959 ser Equipment trusts— 4s series t 19 il-1952 J&u Ohatt Div gold 4s 1951.- J&D Macon & Nor g 5s 1946—J&J Mid Ga & Atl 1st 5s 1947.-J&J Mobile Dlv g 5s 1946—-.J&J Oconee Div 1st 5s 1945 J&D Cent New Eng 1st gu 4sl961 J&J b 3.75 f f / / / / 6 5 4M 5M 8 52 1st) g 5s 1987-J&J / Gen M 4s 1987 -J&J / Eq tr 4 4s 1911 (yr) F&A / 13 M 12 1.25 14M 13M 0.75% 68M 70A - Central of New Jersey— 10 Central Pacific— 1st ref 4s g guar 1949 1st g guar 4s Oct 1 1954. „ 61 Eq tr4Ms 1911-1944 a&o Chicago South Sh & So Bend— Sink fund 3s ser b 1963—j&j Chic Springfield & St l rr 6s '46 -. . A&O 50 65 A 50 A 20 24 71 75 - Guar g 5s 1960 European loan 4s 1946—M&S «. m'm. 1942...M&N 83 Eq tr5s Dec 14 1940-1944 (yr). b 3.75 Charleston & Western Carolina— 1st 5s 1946 A&O 101 Chateaugay Ore & Iron— 4s 1942 J&J 96 Chatt Rome & Sou 1st 6s *47 J&J 20 3.00% notes, notes. 1946 Equipment trusts— 4 Ms 1941-1945 3s 1941-1946 2 Ms 2s 131h 104 x 104 m 105 m 105 106 & 1.25 M&S b 1.50 0.80% 0.90% 1.20% 1.15% 1.20% 1.50 Chicago & Alton RR— Refunding g 3s 1949 A&O f Chicago Burlington & Qulncy— Gen M 4s 1958 M&S 1st & ref 4Ms ser B 1977.-F&A 1st & ref g 5s 1971 ser A F&A Illinois Div 3 Ms *49 op 29-J&J 4s July 1 1949. J&J Eq tr 2 Ms 1941-1947 A&O Chicago & Eastern 111 (new oo)— Gen M 5s May 1951 M&N Certificates of deposit Gen M conv inc 5s w i 1997— Eq tr 3Ms ser C *41-'51-.M&N Chicago & Erie 5s 1st g '82.-M&N Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J Ref M g 5s 1947 series B —.J&J Ref M g 4s 1947 series O...J&J 1st & gen 5s 1966 series A.M&N 1 st & gen 6s May *66 ser B. J&J Equip tr ser E 1941-1944-A&0 9% 10 85 h 86 76m 78 m 85 84 % 94 94 x 99 h 15M 15 M 26 30 1.50% 1st consol gtd 4s 1942 m&n Oinn & Muskingum Valley— 1st 4s 1948 f&a Oinn New orl & Tex Pacific Ry— 3m8 22% l\ m 1.40% 15 Cuban Nor 106 2 3 5H 1m 6 □hie Mllw St Paul & Pac RR— 1% 1.60% 1.60% 2.00% 2.00% 2.50 f / / f.j&j,y 1st mtge 4s w i 1989 __| GenMinc4MsAwi20l4 '/ Gen m inc 4ms b w i 2039f Equip trust 3h* 1941-'63a&0 b Eq 4mb '41-'43 e & f (yr).j&j b eq 4mb 1941 g & h (yri.j&j& ilcago & North Western— Gen m 3Ms g 1987..1 m&n / Gen m gold 4s 1987 m&n / Stmpd non-pay Fed inc tax / Gen m 5s'87 stpd inc tax.m&n / GenM4 m«'87 stpd inc taxM&n / GenM4H»'S7 stpd inctax m&n / 16-year 6mb Mar 1936 m&s,/ 1st & ref 5s May 2037 j&d / 1st & ref 4Mb May 2037. .j&d/ 1st & ref 4m« May 2037 o j&d/ Donvg4Mb 1949ser a_. .m&n / 1st & gen mtge 2M~4b w i 1989. 2d mtge conv inc 4m» w i 1999. / 1st divisional 4s wi 1969 — - 33 % 27 IV 33 % 33 % 33 % 73 35 16m 2.85 2.00 1.75 15m 18m 18m 18m 18 m 18 21 12m 12m 12m 54m 15 y 34 h 34m 36 74 36 Galled for redemption; see page See 77 g con g }8* 70 107 m 28 13 114 m&n b Basis, — 65 m 7m 7h 4.50 19 16 M 15 18 A 16 20 17 2 !* 14 x 14 99 h 100 M 100 M 15 20 m / a&o j&d 1941 j&j j&j 13' VA 1A 2m 2 9 50 113 102 58 51m 59h 41 70 70 100 100 m 101% 100 H an Cen tral 77 A 65 65 §0 m 68 68 70 73 86 88 m&n 77 86 76 77 Eq tr 5s Dec 14 1941*43 (yr).. Grays Pt Term g 5s 1947 j&d Groat Northern— 95 19 1st & ref g 4Mb *61 opt '41-j&j Gen m 5 Ms 1952 ser b j&j Gen m 5s 1973 ser o j&j Gen 4Mb 1976 series d j&j Gen 4Mb 1977 series e j&« 16M 2l" 18M Gen mtge 4s ser g 1940 j&j Gen mtge 4s ser h 1940 j&j Gen mtge 3 ms ser 1 1967.-j&j Secured serial 4s *41-'44—a&o Coll tr 4s 1941-1951 j&j 166"" ... __ ^ 51A 2.50 52 M 2.00% 8m 8m 9 1m IVs 1H 1 6m 2.00 1.75 2.00 2.50 66 Eq tr 2s 1941-1947 __m&s Greenbrier Cheat & Elk— 1st 5s 1944 j&j w Va Midland Ext 5s '54.j&j Green Bay & Western— Debenture ctfs a Feb.Debenture ctfs b Feb Guantanamo & Western— 1st m 6s 1958 series a Gulf Mobile & Northern— 1st 5 Ms 1950 ser b 1st 5s 1950 series o . 1.25% 1.10% 1.25% 2.00% 68 a&o 37 29m 102 j&j 1st & ref 4s ser b 1975..— j&j Gulf & Ship Island rk— 1st ref & term g 5s Feb '52.j&j 8tmpd (July 1 1933 5m 67 23 m a&o Equip tr 2Mb 1941-1940—j&d Gulf Mobile & Ohio rr— Gen inc 5s ser a 2015 95 J* j&j Secured notes 3s 1941-1945. j&j ry— f This price includes accrued interest 3m 18M 17M 15M 101 1m 1H VA 11 4s Feb 1.5) 1942 _ 8 a&o / Eq tr 4ms 194l-'42 (yr)..m&n b Equipment trust 5s 4 Ms series c 1942 m&n b ii 8 25 / Grand Trunk Western— 1st g gu 4s $ July 1 1950...j&j 18 j&j _. 71 75l 3.50% 83 Grand Trunk Pac Branch Line— Alberta Lines— 20M 66 10 Mountain div 4s ser b *55 a&o Lake Superior 1st 4s '55. a&o Sterling 4s 1962 j&j — j&j m&n 87 42 5s 1948.j&d 4s Jan 1 1947 1st 4Mb 19 M 1 Gen Income 5s Aug '55—f&a Assented subject to plan g 3,mb 1941 18M j&d Des Plaines Val 4Ms 1947..m&s Det & Mack 1st lien 4s 1995. j&d 2nd Mort gold 4s 1995->_j&d Detroit Terminal & Tunnel— 1.90 9 Grand river Valley—See Michig Grand Trunk Pacific— Western div 1st 3s 1962...j&j Prairie Section 4s ser a *55 a&o 99 A 94 Inc mtge 6s Jan 1 i960.An Apr 1st 4s i960 j&j Des Moines & Fort Dodge— Ctfs of dep for gtd 4s 1935. j&j 1m 55m 1.80 100 1st 5b 1942 Grand Rapids & Indiana— ' 2s series f 1941-1950--m&sb Denver & Salt Lake 12M i 88 Denver & Rio Grande Western- Ref & impt 5s 1978 ser b 1.50 1.80 1.65 j&j j&j 1.50% Ga Sou& Fla 1st g 5s 1945...j&j Deb 5s 1952 a&o Goshen & Deckert'n 1st 5 Mb 1978 i 2nd ext 6s 1979... m&n 14 M Gouvernour & Oswegatchie— 116 77 41 0.75% 1.00% 1.40% .1.40% 1.25% 1.40% j&j Ga rr & Bkg ref 6a 1951 112M 20 m 20 m 12 H 70 m ry— I 4s 1936 4mb 1936 1.25 j&d Certificates of deposit Georgia Fla & Ala 1st 6s *52.f&a Georgia Midland 1st g 3s '46.a&0 _ 23 12 89 m 77 X Rio Grande— con 76 m / ^ 64 89 18m 40 m 1st m 6s 1946 series a...m&n 62m 2.00 18 x 96 1982 Georgia Carolina & Nor— Ext at 6% to July 1 1934 Georgia & Florida rr— 81m Reading Co. Denver & 1st 78 111 81 Delaware Lackawanna & Western Equip trust 4s Apr i 1941-49.. b Delaware River Terminal- 1st 18 Ga & Ala Term 1st 107 m ■ 1st guar 4mb 1961 s 106M .j&d / / Delaware & Hudson— 1 st & ref gold 4s 1943 18 h 18 m Certificates of deposit.. 1st s f 3 ms 1965 Genesee River 6s 1957 Ga & Ala 5s Oct 1945 m 39 94 Fort Dodge Des Moines & Sou— 1st 5s 1938 j&d f Fort Street Union Depot co— 107 / 15M Deposit receipts 17 Imp & equip 5r i960—-•-m&n / 20 Doposit receipts / ISA Danbury & Norw ref 4s 1955.j&j f ■ 18 Dayton Union Ry 1st 4s '49.j&j 102 Gen a m-2ms.l941 -1950--j&d Gen b 3ms 1965-._j&d 102 " Del & Bound Br 3ms 1955.-f&a 102 17 m 17M 77 m Proof of claim filed 1st con 4Mb Proof of claim filed Amended 109 / j&j f 39 28 .. Gen ref gold 4s 1950 j&j 1st cons ref 4 ms '52 opt-.m&n 80 m 89 m 59 55 m 105m 104m Ky* 1st 5m». '42 j&d / 6s extended to 1946.... 2.10% 1.50% 1.25% . 108m 109 j&j 44 38 m 38 m Certificates of deposit.. / Eq 4ms 1941 H (s-a) m&s/ Florida Southern gu 4s 1945.j&ji Florida West Sh 5s 1934 j&j / Fonda Johnstown & Gloversv— 103 m , Deposit receipts 7m> extended to 1946 Deposit receipts. 65 84 44 -j&j I 77 61 82m Florida Central & Peninsula— 1st cons 5s gold 1943 j&j Florida East Coast 4Mb '59.j&d , 1st & ref 5s 1974 m&s/ 1.50% 58 ..j&j / Deposit receipts 33 1.90 97 m&n Cuba rk 1st g 5s 1952 30 106m 105m 112 1st 5s 1951 m&s 120 Consol Rys (n h) deb 4s '54 j&j / 18M Deb 4s 1955 ...j&j f 18 A Deb 48 1955 a&o f 18 Deb 4s 1956 guar j&j 79 58 59 a&o _ 58 54 m Passumpsic Rivers 1st gold 4s 1943 a&o Conn River gold 4s 1943 m&s Connecting Ry (Phila) 1st m gu 4s Mar 15 '51 -m&s 15 12 103 1st mtge 4 ms ser a 1957 w i. 1st mtge 4s ser b 1995 wi:.... Gen mtge conv inc 4 ms 2015 w i Eq 4ms 1941 ll (s-«0 —.m&s Eq tr 4 ms 1941-*43 (s-a)—m&s Eq tr 4 Ms 1941-1945 j&d Eq tr 4ms 1941-1944—..f&a Eq tr 4 ms 1941-1942 j&j Eq tr 1 ms 1941-1950 j&d Erie & Jersey s f 6s 1955 12 h Connecticut & 105 6 81 105 % 1.20% ... Ref & impt m 5s 1975 92 m 93 m 78 m 85 4m« 1980.m&n 77 2.15 2.50 106 M 102 M 77 105 107 m&n Cleveland Union Terminals— 1st 8 f 5ms 1972 series a..a&0 1st Ms f 58 1973 series b..a&o Ooeur d'Alene& Pend Oreille 5s 1960 68 104 m 1.50 Erie prior lien g 4s 1996 j&j Gen lien gold 4s. 1996 j&j Conv gold 4s 1953 ser a-.a&o Series b 1953 a&o Series d 1953 a&o Ref & imp m 5s 1967 95 Concord & Claremont 5s '44.j&j 71h 2.15 49 106 h Valley— Cuba Co extend 3s 1955 b 5s stamped 1965 108 112 gtd 1948.-m&n Ser d 3Ms gen gtd 1950.-f&a Gen & ret 4 ms 1977 ser a.f&a Gen & ref 4 Ms 1981 ser b.-j&j Cleve Short Line 4 ms 1961._a&0 43 m 7 & 61 107m' Columb & Hock Val 4s 1948. a&o Colum & Toledo 4s 1955 f&a 1.50% fd Chicago Memphis & Gulf— Ext at 3% to 1962. J&J Dhlc Mllw & Gary 1st 5s '48. A&O 58 a 92 100 m 107 m ... gen 1st 4s gold guar 1995 95 Willifiinsport— 98m 92 20 100 1st 6s 1910 ext at 4% 1950. j&j Income 5s 2862 a&o el Paso & r i 1st gu 5a 1951 j&j el Paso & Southwestern rr— 1st & ref 5s 1965 a&o Louis— Cleveland Terminal & m&n 1st mtge 3ms ser a 1970..m&s Eq tr 2 Ms Dec 1 1941-1949 Elmira & 1.50% 105m 101 % 19 Edmonton Dun vegan & British Columbia Ry 4ms 1944--a&g Elgin Joiiet & Eastern— 97 m 12 General 4s gold 1993 j&d Gen m 5s ser b 1993 j&d Ref & imp 4ms ser e 1977-j&j c w & m Div 1st 4s g '91. -j&j St l Div 1st col tr g 4s '90 m&n Colo & Southern 22 x 20m □hie June RR 1st 4s 1945_._M&S 2.25 1963—j&j 64 32m 2.10 1.60% 105m 1st s f 4mb 1977 series c-.a&o Olinchfleld rr— Equip tr 2 Ms ser a;41-'52-m&8 Coal Riv Ry 1st 4s gu 1945 j&d 1.40 69 Monon Coal— Non-cuminc 5s 1955(w-s)— / □hie Indianapolis & St Louis— Short Line 1st 4s '953 A&O 1.70% 106 h 1.10% 108 East Tenn Va & Georgia— Consol 1st g 5s 1956 m&n Eastern Ry of Minnesota— Nor div 1st g 4s 1948 a&o 51m b 106 m 1.4c -j&j 1st stamped 5s 1965 „ _ 78 Consul gold guar 4s 1952--j&j 1st & ref m 4mb d 1962..m&s Chor & Memph 5s 1949 j&j Ser c 109 m 32 m 63 m 42 m 2.25 1st mtge 4s w 1 1988. J&J Gen mtge inc 4 Ms w i 2038 J&J Equip tr 4Mb ' A" 1945-.A&0 7 h 1.70 64 __a&0 - Cleveland & Pittsburgh— Ser a 4 ms gen gtd 1942 j&j Ser b 4ms gen gtd 1942.-a&o Ser b 3 ms gen gtd 1942.-a&o 2.25 Chic Great West 1st 4s 1959-M&S 89 Ser 1944 Clev Cine Chic & St lMs 1941-1950.----—F&A b 1.50 Paint Creek Br 4s 1945...F& \ 109 m Potts Creek 4s 1946 J&J 109 h R & A Div 1st con g 4s *89. J&J 122 2d con g 4s 1989 J&J 111 M Warm Spr Val 1st 5s g^41 - M&S 100 m Chester f & Lancaster 5s '55--F&A 7 Gen m 4May 4s 1st mtge 3ms ser e 1969--f&a cl*field & Mah 1st gtd 5s '43-j&j 1.25 50-yr 5s 1975 series A F&A Conv adj 5s Jan 20OO A&O Eq tr 5s ser J *41 to '44—J&D 4 Ms ser L *41 to *45—M&S 2Mb ser M 1941-1947.-M&S 2ms ser u Dec 1 1941-1949— tticago 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 CLJ&J Gen 4mb May 1989 ser e.j&j Guar 106 106M , J&D 7A 1m 2.25 2.25 2.00 lbt gold 5s 1937 ,„ 1.20% 107 72 East Penn 1st 4s 1958 m&s East Tenn & Western n o— 9 Chicago Union Station— Cincinnati Union Terminal go 1st m 3 mb ser d 1971 m&n 0 8m 7m 44 % 104m 105 m M&N 17 Ask 104 m 1.50 j&j Piscataquis 4 MB '49—j&j Duluth Missabe & Iron Range— 1st mortgage 3 Mb 1962— .a&o Eq tr 1Mb 1c41-1950 a&o Duluth South Shore & Atlantic— 16 7h Bid guar 4s 1953 doxt & 1.307b 1.45% jH • 1st gold _ 15 eq trust 2m» 1941-1952.-a&o Cin Northern rr 1st 4s 1951-j&j 1945-1949 1941-1947 105m 101m J&J __ 1.25 15m m&s 1960 103 1944. 1.25% 1.25% Consol gold 5s 1952 m&n f 10 Cincinnati Hamilton & Dayton— General 5s gold 1942 j&d 101 Cine Indianapolis & West rr— 1st (stmp mod) 3-5s 1965.m&n 55 Cincinnati Lebanon & Northern— 109 J&J 1945.....—J&J notes, Bonds Detroit Toledo & Irontou— 1st 5s Mar 1 1964 :._j&j fiq tr2ms 1941-1947 m&n Detroit & Toledo Shore Line— Choctaw Oklahoma & Gulf— 102 — Chattanooga Sta 4s 1957 gu.-J&J Chesapeake & Ohio— General 4Mb gold 1992.. .M&S Ref & lmtp 3 Ms D 1996-- M&N Ref & ,mpt3 Ms ser E 1996 F&A Ref & Impt 3M8ser F 1963 J&D notes, 1941. J&J notes, 1942. J&J notes, 1943 J&J Inc mtge 5s Dec 1 Guaranteed 3m® 1951—m&s 1st mtge 3 ms ser f 1963--j&j Chicago & Western Indiana— Central RR of South Carolina— 1st ref 6s 1941-1976 Central Vermont Ry— 1.60 1.75 1.75 1.80 1.90 Chic Terre Haute & Southeast— 1st & ref g 58 Dec i '60 opt j&d 1st mtge 3 ms ser e Central RR & Banking "f Ga— Coll tr 5s ext'd to Ask Chic St Paul Minn & Omaha— _ Gen M (now Bid —— Central Arkansas & Eastern— J&D Bonds Chicago & North Western (Con.) 106M Equipment trusts— 4ms series u 1941-43-.m&n 53 4mb series v 1941-44 f&a 4 ms series w 1941-44.-m&s 53 4 m« series x 1945 f&a 2Ms Dee 15 1941-1949.Chicago Rock Island & Pac ky— 2 General gold 4s 1988 —j&j Certificates of deposit 24 Ref g 4s 1934opt to 1911--a&o Certificates of deposit Sec 4mb 1952 ser a m&s 8ec 4 m ser a certifofdep OA 30-yr conv 4mb i960 VA m&n lH Equip tr 2ms 1941-1950--f&a 2s series t 1941-1950 m&n 2s series u 1941-1947-m&n 3.00% 7 A Chicago St Louis & n o— 6A Con g 58 June 15 '51.. j&d 15 con g 3ms June 15 '51 .j&d 15 5A m«m Div 1<*t 4s 1951 .j&d 6A _ ist 4s 1948 Central of Georgia— BONDS 4«nd interest'* except where marked "f" and income and defaulted bonds near as possible for the closing day of the month preceding the date of issue a* 45 47 1st 5s 1940 J&J / Central Branch Union Pacific¬ are Ask Caro Cent 1st g gu 4s 1949. f 42 1st mtge 4s ser A 1965. M&S 106 Carolina Clinchfleld & Ohio— 1st mtge guar g 4* 1981 are cpn on) Gulf Terminal of Mobile— 1st mtge g 4s 1957 gu j& j 3.75 3.00% 107 107 m 107 107 % 1C1 93 100 92 m 92 m lo3 921 103 99 83 99 3.75 1.4 84 m 102 2.00% 1.10% 101 87 60 5m 18 64 7 24 88 h 83 89 85 92 96 1.75 1.25% 40 m 62 A 90 85 64 100 100 66 Harlem r & Portch—See n y n h & Ha rtford Harris Ports Mt Joy & Lane rr Ext 4s 1943..y j&j 107 m Hoboken Ferry 5s 1946 m&n 49 50 127 a jHocking Valley 4m« 1999—-j&j JfcLastsale n Nominal r Canadian price i NOTICE—All bond prices are MolldayBburg Bedford & Oumb— 1st M g 4s 1951 guar J&J Holyoke & West 4%a 1951—A&O Housatonic con 5s 1937 M&N Ask 103 M 52 104 M 58 61" 47 47% 13 % Hudson & Manhattan— F&A 1st gold 5s 1957 opt Adj inc up to 5% Feb *57-A&O 1st M 4Mb 1957 conv F&A Huntington & Broad Top Mt RR & Goal extend 6s 1940 A&O 12% 49 1951 J&J — Guaranteed gold 4s , „ 4s Sterling 3 Ms coll tr 1950. -J&J 1st gold 3 1951 J&J 1st extended g 3Ms 1951—A&O 1st g 3s sterling 1951.—M&S Coll trust gold 4s 1952—A&O Ref g 4s 1955 opt 1918—M&N Pur liens 1st g 3Ms 1952- .J&J Collateral trust 4s 1953 M&N Ref mtge 5s 1955 M&N 40-year 4Ms Aug 1 1966.F&A Carlo Bridge 4s g 1950—J&D Litcb Dlv 1st g 3s 1951.—J&J Louisv Dlv 3 Ms 8 1953—J&J 88 88 91 35 70 11* 44 41% 40 M 42 50 43 52 41% 42 % 80 55" 62 Mob & Mont 4M8 60 Southern Ry joint Omaha Dlv 1st 3s g 47 St Louis Dlv g 45 47 48 51% 75 95 62 61M Equipment trusts— 2.00 2Mb ser T 1941-1949—.M&S 2.00 3s ser R. 1941-1952 M&S 1.00 4Mb ser N. 1941 A&O 1.25 4Mb ser O, 1941-1942—-J&J 1.60 4Mb ser P, 1944 ——-A&O 1.70 4s ser Q, 1941-1944 F&A III Cent RR Co & Chic St L & 45 M N O RR jt 5s, A, 1963—.J&D 42 % 4Mb series C, 1963 .J&D Indiana Harbor Belt RR— 108 Genl mtge 4s 1957 J&J 112 Gen mtge 4 Ms 1957 J&J Indiana Illinois & Iowa— 76M 1st gold 4s 1950 —J&J Indianapolis & Louisville— 14 M 1st guar 4s 1956 J&J Indianapolis Union— 105 M Ref & imp M 3 Mb ser B *86 M&S Internat-Great North Ry— 10M 1st M g 6s 1952 series A—J&J k Adj M Gs July 1952 ser A_April 9M 1st M 5s 1956 series B J&J 9M 1st M 5e 1956 ser O— J&J Equipment trusts— b 1.65 4Ms series B 1941-1942.A&O Internat Rys (Central America)— 74 Purch money 5s 1972——J&J 78 % 1st M 5s 1972 opt—— M&N 85 M 1st 1 & ref 6 Ms 1947 F&A Debenture 4s 1961 Jacksonville J&D 1938--J&D M&S Gainesville 1951 . Gulf Ry 1st 5s — 1.65% 0.50% 1.00% 1.25% 1.25 % 46 44 M A&O f Ref & ext 6s ser B 1967—J&J Jamestown Frank & Clearfield— J&D Sef tr Impt JanApr1941 1943 q & 3s F 5s f 1 1950—J&J .. 2Ms ser G 10% 80M 1% 106 M 57% 105 108 M 95 M&N J&D 70 % 1.25 26 M 71 0.90% 1.20% 1.30% 108 M 96 109 M 112 . Cong g ref 3Ms 1997 J&D Leamington & St Clair 4s *45 A&O Lehigh & Lake Erie 4 Ms "57-M&S Lehigh & New England— 1st M gold 5s 1945 J&J Gen mtge 4s ser \ 1965 A&o Kqu)ptr4MsG 1911-45. .M&N Eq tr 3s ser K 1941-1947.-J&J Lehlgb Valley Harbor Term Ry— 1st mtge 5s 1954 ...F&A Lehigh Valley— 1st gold 4s 1948— J&D Con M 6s ana irred J&D Con M 4M* ann Irred J&D 4s stpd modified 2003 M&N 4Ms stpd modified 2003—M&N 5s stpd modified 2003 M&N Lehigh VaUey (N V)— 1st 4Ms extended 1950 J&J Lehigh Valley Terminal Ry— 1st 5s extended 1951 ..A&O Lehigh & N Y 1st 4s 1945—M&8 Lex& East'n 1st gu 5s 1965.-A&o Lincoln Park & Charlotte— J&J Litchf & Madls 1st 5e 1959-M&N Little Miami guar 4s 1962.-M&N 74 77% 84 88 92 M 89 87% 17% 35% 15 Spuyten Duyvll & Pt Morris— 3 M N Y Cent equip trusts— 4 Ms 1941-1945- 95 b 10 57 59" ~2% 08% 4s 1941-1949 New York Connecting 12% 13 M 1.60 95 1.10% 1.15% 46 M 45 . 1st & ref 5s Jan 1905 A F&A f f Certificates of deposit 1st & ref 58 1977 ser F M&S / f Certificates of deposit 1st & ref 5s 1978 ser G-_M&N f f Certificates of deposit 1st & ref 5s 1980 ser H A&O f f Certificates of deposit.. 1st & ref 5s 1981 ser I F&A f f Certificates of deposit Conv g 5Ms 1949ser A...M&N / Secured 5%a 1941-1950— J&D f . — 75 75 M 74 25 % 21 % 23% 26M 45 M 48 50 % 53 43 M 42 120 119 M&N b Equip tr 2%a 1941-1949—F&A 1975 M&S / 3d ext 4s July 1 1938 M&N f Mobile & Birmingham— Prior lien 5s 1945--..—-J&J 5s small 1945— J&J Gen M g 4s 1945 J&J 4s small 1945—.— J&J Eq tr 4 Ms '41-'44 F (yr) 57 M l\y 23 Mo Pac (old)—Gen 4s 3.75 27% 21 65 M&S / M&S 108M 12 95 M 98 M J Secured interest at exchange rate r Canadian price. of 4.8665. 101 99 90% Lake— 14 M&N Mb 2000. .M&N 101M 38 51M 56 M M&S General 1st 5s 1941 79 92 N Y New Haven & Hartford— conv—J&J16 M&N 22% 4% Deb 6s Jan 15 *48 21M Deb 4s July 1 '55 non-conv J&J Deb 4s 1956 non-conv.—M&N 20 non-conv...M&S 16 M&S 18 Deb 4s May 1 1957 - - - «. 21 Deb 4s Deb 3 , % % 1 1.60 1M 1.15% 2.00 1.50% 1% 82 87 87 91 ik 85 74 77 1947 M« March 1947 3Ms 1954 non-conv..A&O Deb 3 Ms 1956 conv J&J 15-year secured 6s 1940 A&O 1st & ref 4Mb 1907 J&D Equipment trusts— 2Ms 1941-1919. _M&S Deb F&A M&S 4Ms9-15-41to3-15-45M&S15 4Ms 1941-1946 J&J 2 Ms 80 1941-1950 3s 1941-1951 Har Rlv & Pt Ohes 4s *54 M&N 66 N Y & N J Ferry 5a 1946 Ref 1st g 4s June 1992 1.50 1.40 38 Gen M g 4s 1955 1.0G% 1.00% 2.00% New York Phila & red.. for redemption, see page 111. M&S J&D NorfolkJ&D 1942 A&O Stock trust ctfs 4s 1948 N Y Prov & Bos 4s 28 M N Y Short 18M 17 38 M 21M 2.10 2.10 2.20 1.80 1.80 83% 42 5% 1M 104 102 97 1993.A&O 45 F&A 1958...M&N 106 Line 4s 1957 N Y & Stamford 4s 54 % 48 -J&J New York Pennsylvania & Ohio— Prior lien ext 4%a. 1950—M&S / N Y & Putnam 1st 4s g 27 M . 20 New York Ontario & Western 93 2.65 a Called F&A 1973—M&N Mohawk & Malone— Nominal, 2.65 105 105 21% Eq tr 4s 1941 1943 M&S Eq 4 Ms 1941-1942 ryr)..J&Jl5 Eq tr 2Ms 1941-1955 F&A Montgom Div g 5« 1947..F&A Certificates of deposit 1991 M&S 3 Ms 2002—.M&S 1938 1st & ref 4s ser A 45" 1st guar g 4s Consol gold 2.50 N Y & Hob Fy 5s May 1946-J&D New York Lack & Western— 20% Secured 5s 1938 M&S C3rtificatos of deposit— .. — 2.00 1st & ref 4 Ms 1973 ser B—M&N New York & Long Branch— General gold 4s 1941 ..M&S 20 M 37% Certificates of deposit 102 % 4 Ms mtge Guar g 5s 1946 N Y & Har 1st g 3 28% 20 19 20 19 21 20 21 20 20 19 3d New York & Greenwood Mobile & Ohio— Gen gold 4s. 1938 Ref & Impt 4Mb 1977 106 b F&A —M&N M&S M&S 1st 4s ext g 1947 14 92 New 2d ext 5e 1939 4% 2.50% 4 90M 1st mtge 3 Ms ser A 1965.A&O York & Erie RR— 85 15% 13% 72 59 M RR— 1st M 4 M8 1953 series A 1st guar 5" 1953 series R 1.25% 93 J&J M&S 3s 1941-1951 1M l 14% b 9M 10% 2.25 60 1978 ser D.J&J Adj M 5s Jan 1967 ser A—A&O / 94 M 2.00 New York Chicago & St Prior lien 4Ms 92 M 82 1.50 M&N Mar 15 1941-1952 Louis— 1st 3 M« extend 1947 A&O Ref 5Ms 1974 ser A A&O Ref 4 Ms 1978 ser C M&S Coll tr 4s 1946 F&A 3-yr 6s ext'd notes 1941 A&O Debenture 6s, 1950 J&D Equ pment trusts— 2 Ms 1941-1947 M&S 2 Ms 90 85 64 M 85 J&D 3 Ms 1959 85 Kans & Okla 5s 1942 M&S Missouri-Kansas-Texas RR— Prior lien 5s 1962 ser A....J&J Prior Hen 4s 1962 ser B J&J F&A 68 3 9 Eq tr 2 Ms 1941-1952 100 7M " 1941-1949F&A 85 M 1942 tax-exempt..J&J 4s 1% 1% Marie— 1st gold 4s 1990 J&D Mo Pacific RR (new company)— 1.40 Deb 63 L S coll tr g 3Ms 1998 F&A M C coll tr g 3 Mb 1998—F&A Missouri Kan & Texaa Ry Co— 108 % 94 % 3 %a conv secured 1952 M&N New York Central & Hud Riv— Ref g 3 Mb July 1 1997—J&J 6M *41.-M&S 97 96 Little Rock & Hot Spr West Ry— 1st gold 48 1939 guar J&J Long Dock cons 3 Ms 1950--A&O 32 163* cons Equip trust 2 Ms 1940—A&O 10-year 3%a sec s f Mo 30 Lake Erie & Western RR— 1st mtge 5s ext at 3 % to '47 J&J 2d 5s 1941. J&J Lake Shore & Michigan South- 66 64 % 00% 00% 91M A&O O Ref & Impt 5s 2013 29M 55 31 Northern— 1.70 lli F&A A&O Cons mtge 4s 1998 ser A Ref & impt 4 Ms 2013 A 59 sty 33% New York Central RR— 38 35 3 Ms 1941 .J&J 34 M v / Equip trust 4 Ms & Newport & Cincinnati Bridge— 1st M g 4M8 1945 guar J&J gold 4s 1938 J&J 8M 1st colis gold 5s 1938.—.—J&J 8% 1st cons 5s 1938 gu Int J&J 20 2d M gold 48 guar 1949...J&J 1% 1st ref 6s 1946 series A J&J 66 1st ref 5Ms 1978 ser B....J&J 1% 25-year 5 Ms 1949 M&S 40 Minn Terminal 1st 3 Ms *50.-J&J 103% Minn Transfer Ry 3Ms 1956. J&O Missouri Illinois Bridge and Belt 78 RR cons 4s 1951 J&J 82 Mo-Illinois RRlst5s 1959. J&J / 94 M 78 1st M 4 Ms 1956 series D—F&A Certificates of deposit 37 108 M .J&J J&J 1961.J&J 1st 5s 1956 series O Certificates of deposit 71 .... Minneapolis Northfield & 67 66 80 60 A&O 33% 37% 33% 30% 33% F&A 66 M / 38 1st M 5Ms 1954 series A..A&0 Certificates of deposit Minn St P & Sault Ste 82 30 A&O 1st 5s 1954 series B Certificates of deposit 98 69 J&J 5s 1942—M&N 31 A..A&O Certificates of deposit 69 37 75 11M 70 Minneapolis & St Louis— 5s ctfs of deposit 1934—.M&N 1st refdg gold 4s 1949 .M&S Ref & ext 5s Feb *62 ser A.Q-F Certificates of deposit.. ... 1st 7s ext at 6% 1932 J&D Certificates of deposit 1st 6 72 M 05% 70% - Ry 1st 6s 10 J&J Non-cum inc 5s *35 ser A&O Adj M Apr 1 '53 ser A Sept Adj 5s series 3 1953 Sept... Southern 34 80 74 jf New Orleans Texas & Mexico— 1 07% 95% Indiana— ext at 5% to 1940 Midland Valley 5s 1943 50% 31 Ref & impt 4Mb 52 ser A J&J New Orl Term 1st 4s 1953—J&J 1M C_ J&J RR 4% franc bonds (Foreign series) 1960 Midland of New Jersey— 50% J&J 1915 New Orleans & Nor East 6s 83 Midi 89 2% 91M 83 f 1 1938— 50-year 1st 5s 1983 Income deb 5s 2032 117 guar.M&N 1951—M&S Sept 1 Joliet & Northern General 5s Jan ig New Orleans Great Northern— International— Mil Sparta Mil&State Line 1st 36 M 35 M Ref cons 4s 1956 J&D N J June 1st 4s gu 1986 F&A N J & N Y 1st ext 5s 1950—M&S 55 „ 2 1951 / 54 13 52 M 53 2 scrip 68 1.50% 44 2 off—1951 receipt No 4 on 3% 2% *26 Naugatuck 1st 4s 1954 M&N New Eng cons 4s 1945 gu J&J Consol g 5s July 1 1945—J&J New Haven & Northampton— 82 2.00 % 4s(Apr 1914 coupon on) Assent cash warrant and n* P. '% 1951 April 1914 coupon 4s Sept 1914 coupon on 1977.. 4s Asst(cash warr & coup).-1977 75 Gulf— 1949 1st g gu 5s Nov 1 Meridian Term 4s *55 con 97 _ 1st 4s 1957 Middlesex Val 1st 106 56 1st 2% 1977 Prior lien 4 Ms assent cash warr't & scrip ret No 4 on _ Equiptment trust 5s tol944_._ Lines— 1st 4s extend 1959 M&N Manitowoc Green Bay & Western 1st gtd 3 Ms 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— Manila RR Sou 1st 3 Ms 1.25% 106 1941-1916—M&S 5s ra J&D 1960-J&D 1st 4s 1959—-----M&S Jackson Lansing & Saginaw J&J extended ,,, 1st gold 3 Ms 1952 Grand River Valley— II 1st M 5s 1978 -—J&J Kentucky Gent 4s g 1987 J&J Kentucky & Indiana Term RR— tlst gold 4Mb 1961 J&J la 1st . II RR of Mexico— National 90 70 J&D J&D & NW 1st 4s 1947M&S 1.75 14 Ms stamped 1961 4Mb plain 1961 1st mtge 4Ms unguar scrip receipt No 5 on 1st mtge & coll 4s ser A 45 Conv gen 4M8 ser A Secured 6s 1959 1st ser.-J&J Milwaukee & 1.65 Kansas Oklahoma & Terminal 5s 1965 1957 July 1914 coupon on 1957—. July 1914 coupon off 1957 Assent cash warrant and scrip receipt No 4 on 1957. Gtd gen s f 4s (Apr *14 coup on) April 1914 coupon off 1977.. Assent cash warrant and 106 M 94 70 M 2.10 A—F&A M&S Jan 1914 coupon on 112 % 87% 38 34M 4 M«— lien Prior 106 % 87 86 J&J J&J — 96 70 39M Eq tr 2 Ms 1941 1952National Rye of Mexico- 109 % 112 110M 105% 11 6 J&J Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 1.40% 105 % 105 10M 1M "7" % 1.65% 1.80 105 *52 gu Savannah— Michigan Central— Ref & impt 4 Ms 1979 ser Mich Cent Joplln Union Depot Co— 1st 5s June 1 1944 J&D 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 deposit Kan O Mem & Bir 4s 1934—M&S Income 6s Mar 1934 Sept 1 Kan City Sou 1st g 3s 1950- - A&O 1944-1946 2.10 1st ext 4 Ms 1939 Con ext 4Ms 1939 1st & gen mtge 5s 1967 J&J Ref & ext 5s ser A 1967—J&J 3s Macon Mexican 18 M 50 6 96 90 M 1959—M&N 78 Jackson Lansing & Saginaw— See Michigan Central Jacksonville Terminal— 1st g 4s 1959 guar Joliet & Nor Ind—See Dublin & 1947. 1st 5s Maine Central— 1.50% & . 89" 1st M 4s 1978 ser 105M 100M Monon L & N Term 1st g 4s Macon _ Iowa Central 5e ctfs 1st & ref g 4s 1951 99% J&J J&D 32 Constr'n 4ms 1955 ser B.M&N Nashville Chattanooga & St L— 104 1945.-M&S collateral 4s, 1952 _ , 109 % Nashville-2003 ser B——A&O 2003 ser O—A&O 1st & ref 4s ser D 2003—A&O 'st & ref 33^s ser E 2003. -A&'1 Eq tr 2%s 1940-1954—-.J&D IMS 1941-1950 -J&D15 Ext mtge unif 3 Ms A 50—J&J Ext mtge unif 4s B 1960--J&J Atl K & Cin Dlv 4s 1955—M&N Pad & Mem Dlv 1st 4s *40.F&A St Louis Dlv 2d 3s 1980—M&S 125 1945—^.-J&J 110 J&J Bridge 1945—M&S 106M 127 Montgomery & Erie 1st 5s 1956- Morris & Essex«3Ms 2000—J&D Constr'n 5s 1955 ser A—M&N 1st & ref 4 Ms 91 45 Montauk Ext 1st 5s 99 M 2.00 1st & ref 5s 40 44 M Gold 3 Ms 1951 J&J Sp'field Dlv ext 3 Ms 1951 J&J Western lines g 4s 1951—F&A 19 99 M Louisville & 90 58 M 1951..F&A 3s 1951 J&J 85 M 1.70 Ind & Lou Monongahela Ry Co— 1st mtge 4s ser A 1960—-M&N Monongahela Sou 5s 1955—_A&0 Gen 6s 1955 A&O Montana Wyoming & Southern— 1st mtge gold 5s 1939 M&S 99 . 1st mtge gold 5s 1946 Louisville & Jeffersonville Bid Monon Coal—See Chic Long Island— „ Unified g 4s. 1949-———M&S Refunding mtge 4s 1949..M&S 4s stamped 1949 —M&S Equip tr 4Mb 1941-45 (yr)- F&A Louisiana & Ark 5s A 1969—. J&J Equip trust 3%a to 1946—A&O La & North West 5s 1935—A&O Louisville Henderson & St Louis— M Extended 5s 1940......—A&O Illinois Central— defaulted bonds the date of Issue Bonds Ask Bid Bonds Bid Bonds where marked "f" and Income and possible for the closing dajr of, the month preceding "and Interest" excopt Quotations for all securities are as near as 1st gold 69 RAILROAD BONDS FEB., 1941] 44 59% b Basis. /Price includes accrued interest. * Last sale. / 70 RAILROAD BONDS NOTICE—AH bond prices are Mand Interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing da; of the month preceding the date of Issue Bonds Bid New York Susq & Western— 1st refunding 5s 1937—...J&J 2d mtge 4 Ms 1937 F&A Gen mtge. 5s g 1940--F&A Term 1st g 5s 1943M&N N Y Westchester & Boston Ry— Ask Bonds 1st M g 4 Ms 1946 guar Norfolk & Carol 5s 1946 f / / / 34 33 11 11 73 J&J / 14 13 M 4Mb series B 1942 77 4 Ms series C 1942 4s series D 1945 6M 6M J&J 101 Norfolk Southern— 1st & ref g 58 '61 opt T5--F&A / 13 Certificates of deposit reg / 13 Ctfs of 13 82 16 82 31 85 - Ctfs of Gen mtge cony inc 5s w i 2014Norfolk Term 1st gu 4s *61 -M&N Norf Term & Transp 5s '48-F&A - 106 127M J&D 118 4Ms B stpd '74-M&S 114M Northern Ohio Ry— 1st gtdg5s 1945. A&O / 70 1st mtge g 5s (stamped cancella¬ tion of guarantee 1945--A&O 35 Certificates of deposit35 Northern Pacific— Prior lien g 4s Jan 1997 Q&J / Gen lien g 3s Jan 2047 Q&F Ref & imp 4 MS 2047 ser A.J&J Ref & imp 6s 2047 ser B J&J 74 56 M 66 H Portl 59 % 59 M 60M 60 M Guar 5s 1961 Prov Sec deb 4s 1957 gu Prov Ter 1st g 4s gu 1956 Prov & Wore 1st 4s 1947 117 .J&J 1.30% 1.25% 1.40% 25 1st & ref g gu 4s *61 opt--J&J 105M PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938 F&A / 87 M 2d ext 5s gold 1938 J&J / 68 M 101 5M Gen & ref 4 Ms 1997 6 107 % 105 M 108 105M 108 M •w - 62" 60 64 k 55 65 M 57 58 M 51 57 104 1.00 1.80 1.60 1.75 2Ms Oct 1 1941-1954.. A&O 2.00 2 Ms series K 1941-1955-J&J 2.00 1 Ms series L 1942-56 F&A Peoria & Eastern Ry— 1st cons ext 4s 1960 A&O / 2U cons inc 4s 1990 Apr 1 / 4M Peoria & Pekln Union Ry— 1st k 5 Ms 1974 series A F&A 108 Peoria Ry Ter 4s 1937 gu op.J&J / 55' Pere Marquette Ry— 1st < 5s July 1956 ser A--J&J 79 1st g 4s July 1956 ser B..J&J 62 M 1st 4 Ms 1980 ser O.. M&S 69 M Equip tr 4Ms 1941-1945..M&N b 1.50 Equip tr 2 Ms 1941-1947.-M&N b 1.75 Equip trust 2Ms 19J1-46..J&J b 1.70 Perkiomen RR ext 3 Ms 1951.J&J 90 Phila & Bait Cent 4s 1951—M&N 103 M Phila Bait & Washington— —. 1st gold 4s 1943 Gen 4s April 1 1960 Gen 5s Gen M 1974 series B 4 Ms 1977 ter .M&N A&O F&A C.. J&J Gen 4 Ms series D 1981 _J&D Phila & Chester Val 4s 1948-A&0 Phila Newton & N Y 3s 1942 A&O Phila & Reading RR—See "Read 7 ' 118M 114M 108M . l—J&D 9854 5s 36 M 7k 12 M 85 6 6 - - - 1.25% 1.30% 1st guar g 4s 1943 72 M 18 42 M 19 1054 81 69Ji 69 H 1.20% 1.30% 1.25% J&J 1950.-A&O 1154 1.10% 85 74 3M Ref & / 8 122M 11454 108 M 4Ms 4 Ms 101" 5 4 80 M 9954 ser ser Called for redemption; see page 111. b Basis. 9M 11 1M 'SVs 354 5M 69 68 M 68 M J&E ser b 1.25 b 1.40 b 1.40 b 1.50 b 1.65 Tex Pac-Mo Pac Term RR— 1st M g 5Ms 1964 M&S Toledo Canada Southern & Det— 1st 4s 1956. —J&J Toledo & Ohio Central— Ref & Imp M 3 Ms ser A '60 J&D St Mary^ Div 1st 4s 1951F&A Toledo Peoria & Western RR— 1st mtge 4s ser B 1967 J&J Toledo St Louis & Western— 1st gold 4s April 1 1950 A&O Tol Term 1st 4 Ms '57 gu M&N Tol Walhoudlng Valley & Ohio— 1st g gu 4s 1942 ser C M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Consol M 4 Ms 1966 ser A. F&A Transylvania RR 1st 5s 1956. J&J Union Depot (Columbus, Ohio)— Gen 4Mb 1946 J&J 1st ry & land gr 4s g 1947-- J&J 98 111M 103 91 90 109M 102 69 M 70 M 69 M 1.00% 1.15% 1.15% 1.15% 1.15% 100 M 92 95 M 70 101 75 102 M 105 110M 111M 74 104 M 96 H 100M 74 42 105 113M 100 100 debs 1970 ..A&O Ref mtge 3 Ms ser A 1980—J&D Eq tr 2MsserE 1941-'52._J&J Union RR (Penn) 1st 5s/'46-M&S Deb 6s 1946 .M&S Union Terminal Co (Dallas)1st mtge 3 Ms 1967 F&A United N J RR & Canal Go 554 64 M 113 101M M&S M&S 1st mtg g 4Ms 1934 July 1914 Cash war coupon off & scrip r,ct 109 114 125 125 109 111 109M 109 M 112 J&J J&J No. 5 on M 2 ik Vicksburg Bridge Co— s f 4-6s 1968— M&S 75 Vicksburg Shreveport & Pacific— Gen 5s May 1 1941 2% 2% 114 100M 100M 107 ( 1.20% Vera Cruz & Pacific RR— 1st 12 106 Vs 1.60 112 -.M&S 1st 4Ms Feb 1 1973 -F&A Gen 1st g 3 Ms 1951 M&S Vandalia RR 4s 1955 ser A—F&A Series B 1957 —.M&N 5 ref & impt 5s 1973 Va &„Soutbwest 5s 2003 1st M&N M&N cons 84 M 66 yfcL'astsale. n g Nominal- r !* 76 M 100M J&J 5s 1958 A&O Virginian Ry 3 Ms A 1966—M&S / This price includes accrued interest. 108 M 92 O-.A&o 1 a 79 H Ann Mar A&O D 60 113M 110M 101M 106 M 89 B ser 1st 4 Ms Sept 1 1979 2M 2M ..F&A J&J J&D General gold 4s 1944 1st 4s Sept 1 1948— 10M 108 M 10 101 34-vear 3 80 deposit 106 M 6 s f g 4s *53 opt '10.J&J Irnpt M 3Ms B '74-J&J JJ 19U-1942..A&0 ser A 1941-1943 F&A 4s ser B 1941-1943 M&N 4 Ms ser O 1941-1944 J&D 2MsserD 1941-1952...M&N Schuylkill & Leh 1st 4s '48.M&N 5% secured notes 1931 F&A Receiver ctfs 3-3 Ms '45—F&A Atlanta-Birmingham Div— 1st g 4s May 1 1933 M&S / Seaboard-All Florida Ry— 6s ser A ctfs of deposit 6s ser B ctfs of deposit—— A&O 35-year 3Ms debs 1971—M&N 78 Certificates of deposit 1st & cons 6s 1945 ser A—M&S Certificates of 30" Union Pacific— 79 M Stamped A&O Adj mtge 5s Oct 1 1949—-F&A Ref gold 48 1959 opt A&O 30M 3 Equipment trusts— 30" Scioto Val & N E 1st 4s 1989M&N Seaboard Air Line Ry Co— 1st gold 481950 A&O 29 M 104 40 5s'53_A&0 g Texas & New Orl 5s 1943 Texas & Pacific Ry— 113^ 20 Santa Fe Prescott & Phoenix— 1st g 5s 1942 M&S Savannah & Atlanta 6s 1935.J&J 60 83 M 78 M 83 Gen ref Gen & ref 5s 1980 1.65 San Antonio & Aransas Pass— 55 39 Gen & ref 5s 1979 1.60 / 1.00% 1.65% 1.65% 80 M 61 1st extend 3s 1948 M&S / Tenn Ala & Georgia 4s 1957 Terminal RR Assn (St Louis)— 1st consol gold 5s 1944 F&A 65 i 6M 1:90 45 70 4Ms series DD 1941-45.A&0 1st & re* 5s 1972 J&J 113M Salt Lake City Union Depot and RR 1st 5s 1938 M&N / 75 Salt Lake & Ogden 5s 1934--. 1.90 34 112M 1051 2M 1.40 84 M 0.50% 1.00% 42 1st gold 5s 2000 2d 5s Dec 1 2000 Gen & ref 5s 1977 11M - 1.00 1.35 J&J / 90 M 10M 1.50 b 62 78 RR— 1st M 5Ms 1950 guar - 12 81 92 61 77 M 83 M Terre Haute & Peor 5s 1942.M&S Texarkana & Fort Smith— 11M 1154 Paul & Duluth— 1st consol g 4s 1968 -J&D Mortgage 4s Dec 1 1998--J&D St Paul East Gr Tr 4 Ms 47. J&J / St Paul & Kansas City 8hort Line 1st guar 4Mb 1941 F&A / St Paul Union Depot— 64, 91 '53..J&J / 5M 4M 10* St 10 61H (stamped 3s) 1936 11 b 61M 0.75% Tampa Un Term 4-6Ms Tavares & Gulf RR— 29 Equipment trusts— 4Mb series K 1911-1945-J&J 8 J&J / 25 A&O 100 Berwick RR 5s 1952 - 10M 9k 10 H San Fran Terra 1st 4s 90 99 - 28M 71H 38M 5s 1952 40" Tampa & Northern 68 Southwestern— con Tampa & Gulf Coast • . 105 & Northern— 3Ms 1966-..- 53 M 108?4 ing Co Philippine Ry 1st 4s 1937---J&J / 4M Certificates of deposit / 3M Piedmont 0.50% 1.40% 1.30% 1.40% 1.50% 1.50% 110 • 4sseries CO 1911-1943.M&N -. 1.25 1-25% 1.75% 1-60% 2.10% Susquehanna Blooms burg & 67 1st g 4s 1989 —M&N 2d g inc 4s Nov 1989 J&J 1st term & unif 5s 1952—J&J Gen & ref 5s ser A 1990 J&J 2.50 J&J Sullivan Co RR 6s 1944 65 St Louis b —J&J J&J 1st 4s 1995 52" 65M Equipment trusts— 4Ms 1965 2.10 b / Certificates of deposit stpd.. 114M 114 b Spok Internat 1st g 5s 1955.J&J/ Staten Isld Ry 4 Ms 1943 J&D Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 stmp.-J&J Suffolk & Car Certificates of deposit Cons In 4 Ms 1978 ser A—M&S g M&N 4s 1933-M&N Prior lien 4s 1950 series A_ J&J Certificates of deposit Prior lien 5s 1950 series B.J&J 104K 125 4s series E 1911-1949 J&J 2 Ms series G 19U-1950-J&D 2 Ms series H 1941-1952 M&N s b Spartanburg Union & Columbia— 106 83 M J&J / 4M J&J / 4M Rutland con 4Mb 1941 J& / 4M 4 Ms stamped 1941 J&J / 5 St Clair Maa & St Louis Belt— Alton Rridge 1st g 4s '51..J&J 91 St Clair Term RR 5s 1950-.M&S 115 St Johns & L Cham 5s 1944 .M&S 89 M St Jos & Grand Island 4s '47.J&J 11154 St Lawr & Adirond 5s 1996--J&J 35 2d gold 6s 1996 ..A&O 35 St Louis Iron Mountain & Sou— Riv & Gulf Di 54 H 0.75% Sturgis Goshen & St Louis Ry— 1st 3s Dec 1 1989. J&D 49 105 Certificates of deposit M Equipment trusts— 4 Ms series D1941 83 M 84 45M 45M 1.25 1.65 1.70 2.25 b b St Louis Div 1st g 4s 1951-J&J 1.10% 45 46 54 M 4s series BB 1941-1943.M&S b Aiken Branch 4s 1998 1st Mem Div g 5s 1996 102 M 95 St L Peo & N W 5s 1948 J&J St Louis-San Francisco Ry— 45 4MsseriesOC 1941-44--J&D! 6 IMS ser GG 1941-50--M&N|6 1 Ms series HH 1941-50-J&D b 68 11M 53 J&D 108" J07M 5s Dec 1 1968 J&D 114M 115M 4Mb 1981 ser D—.A&O 103 M 104 M M 4 Ms ser E 1984 J&J 103 M 104 4Mb 1970 A&O 93 M 94 M 3 54s aer C 1970A&O 96 M 9554 Oonv deb 3 Ms 1952 A&O 89 % 90 30-yr secured 4s 1941-1964-J&J b 100 M tol03 g 77 72 M&S / 107 4s stamped 1948 M&N M 4 Ms gold I960-—:F&A 68 76 57 49 M -J&J Develop & gen M g 4s ?56_ A&O Develop & gen 6s 1956 A&O Develop & gen 6 Ms 1956--A&O Equipment trusts— 4Ms series AA 1941 ---A&O 96 M 105M 35 M 35 7M 104M 113M 113M 1st consol g 5s 1994 90 / / J& / A&O / 60M 55 Cons extend 4s 1949 A&O Penn Ohio & Detroit RR— 1st & ref 4 Ms 1977 ser A- _A&O 1st & ref 4 Ms series B 1981 Pennsylvania RR— Con M 4s gold 1943-----M&N Con M 4s gold 1948 M&N 79 92 H Rutl Can 1st g gu 4s 1949 4s stamped 1949 41 44 M 45 M 45 Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910—J&J Stamped (Fed tax) 1955-J&J Southern Railway— 100M Rio Gr West 1st 4s 1939-- 105M Cons mtge 4Ms 1939... .A&O Cons 1st extend 4Ms'49 A&O Cons mtge 4s 1939 A&O 99 H 105 J&D 1st guar 4Ms 1934 74 M 55 M , 103 M 100M — 1st coll tr 48 1949 opt Rock Island Ark & Louisiana— 100 104 Mi 117 Rich-Washington 4s 1943 73 F&A 59 58 57 82 M Rock Island-Frisco Term Ry— 1st M 4Mb 1957 J&J M&N F&A M If" 117 Equipment trusts— 4Ms series J 1941-1942—J&J 60 M 4Ms series L 1941-1944.J&D 59 4Msseries M 1941-1945M&N 58 M 2 Ms Aug 1 1941-1954 2 Ms series N 1941-1951 M&N 3.00% 2 Ms series Q 1941-55.-A&O 2.75% Pacific Fruit Express— 2.00% Eq 5s 1941 D (yr) A&O Southern Pacific (Golden Gate Ferries) 1st 5Ms 1949 A&O x Delaware River Terminal— 1st 5s 1942 M&N Rensselaer & Sara 6s 1941—M&N Rich & Mecklenb'g 4s 1948.JM&N Richmond Term 3Ms 1965—M&S cons gu g Ooll tr 4s (OP) Aug 1 '49.-J&D 1st 4 Ms (Ore Lines) 1977-M&S 40-year 4 Ms 1968 M&S 50-year 4 Ms 1981 M&N 4Ms 1969 with warr M&N 10-yr secured 354s 1946 J&J 95" B.J&J 65 92 M&S f Term 5s g gu May 1 *41 Q&F 118M 105M 102 % M&N / 2M Extended 4Ms Oct 1 1943 17 7 Gu tr ctfs g 3 Ms 1942 J&D Gu tr ctfs g 3 Ms 1944 J&D Pa & N Y Canal con 5s 1939 A&O Cons 1st extend 5s 1949 A&O Con Gen Gen Gen Gen Deb Gen ser 50 12 22 Eq 4Mb 1941-1945 (s-a)..M&N b 1.40 Philadelphia & Reading RR— Imp M ext g 4s 1947 A&O 104 M 6 red to 37" 114 Raleigh & S'port Ry 5s *65—J&D 9 Reading Belt 1st 4s 1950—-M&S 103 Readiflg Company— Jer Cent 4s 1951 opt*06..A&O ,66 Gen & ref 4Ms 1997 ser A..J&J 82M 6 Paris-Orleans RR— 6% franc bonds (foreign series) 1956 J&D Paterson Extension 5s 1950.J&D Paulista Ry 1st 7s '42 ser A M&S15 ll3 109M 104 k 79" 47 5s 1963 A&O Southern 111 & Mo Bridge Go— IstMg 4s 1951 M&N South Indiana 1st g 4s 1951--F&A Southern Pacific Go— J&J A&O 103 M 73 77M Gen 117 105 Raleigh & Augusta Air Line— 6 Carondelet Branch— 1st extended 4Ms 1938-A&0 / 84 St Louis City real est 5s *38 J&J f 82 Paducah & 111 1st 4 Ms 1955.J&J 105M Gu tr ctfs g 4s 1952 Gu tr ctfs g 3 Ms 1941 - (Me) Term gu 4s 1961-J& J 1st 5s 1931 J&J / Ral & Gaston 1st 5s g 1947—J&J f Oregon-Washington RR & Nav— Pennsylvania Cbffipany— 28-year secured 4s 1963 F&A J&D 55 M 45 79M 45M m 121" Eq tr 4s 1941-1948 J F&A b 3.75 Eq tr 3 Ms Apr 1 1941-1946 b 3.25 Eq tr 2 Ms 1940-1946 J&D 2.40 Pitts Young & Ashtabula— 1st gen 48 series A 1948 J&D 108 M 1st M 5s 1962 series B 1st gen 5s 1974 series O 100M South Bound RR 1st 5s 1941 A&O South & North Alabama- m m mm 117 66 1.70 Eq tr 2 Ms 1941-1947 M&S Eq tr 2Ms 1941-1946 1.65 J&J Eq tr 2 Ms 1941-1950 F&A 1.90 Nor RR of N J gen 4 Ms 2000. J&J / 20 N'western Term Co 5s 1948-F&A / 22M N'western Term RR 5s Apr 1977- f 22M Norwich & Worcester 4 Ms '47M&S 100 Ogdensburg & Lake Ohamplaln— 1st guar g 4s 1948 J&J / 4M Ohio Connecting 4s 1943 107 h M&S Ohio & Little Kanawha 5s '50 M&S 63'M Old Colony RR 4s 1938 5M J&J / 1st M 5 Ms 1944 F&A / 5M 1st M 5s 1945 series B J&D / 5M 1st M 4Mb 1950series O J&J / 5M Okla City-Ada-Atoka 6s *54-J&J Ore RR & Nav cons 4s 1946-J&D 112M Ore Short Line 1st 5s 1946-.J&J 117 - U5M 23 M 77 F&A gu Ask 22 Sioux City & Pac 3 Ms 1936—F&A Somerset Ry 1st & ref 4s '55--J&0 1st M 4s July 2 1950 —J&J 112 F&A 1st 4Mb series D 1977——J&D Port Reading 1st ext 3 Ms '56 •)&J Portland & Rumford Falls— 5s 1951 M&N 78 M Ref & imp 5s 2047 ser O.^.J&J Ref & imp 5s 2047 ser D J& J 5s 1946 F&A Pitts & West Va Ry 4 Ms '58AJ&D 1st M 4M8 1959 ser B A&O 1st M 4Ms 1960 ser O A&O 85 M&S Gen & ref cons guar 128 M 100 ShreuBdg & Ter 5s '55 109 6% receivers' ctfs 1929 F&A / 18 Pitts & Shawmut 5s 1959-- J&D / 40 Pitts Shenango & Lake Erie— Cons 1st g 5s July 1 1943--J&J 113 Pittsburgh Term RR & Coal— 5s Unassented 1942. J&J 89 Pitts Va & Char gu 4s 1943.M&N 108 59 9 8 120M Norfork & Western Ry— lstcon4s 1996---A&O Norrist'n & Maine 1st 4s '52 M&S North Pennsylvania RR— Gen g 3 3s 1953 Northern Cent 5s 1974 A 34 57 M / 107M 112 4Mb series I 1963-4Ms series J 1964 Bid Shamokin Sunbury & Lewisb'g— 2d ext'd 5s 1945— J&J 112M M&N M&N Gen M 5s 1970 ser A J&D Gen M 5s 1975 ser B A&O Gen M 4Ms 1977 ser O—J&J Pitts Shawmut & Northern— dep (issued by reor¬ ganization manager) 1941- / 1st gen g 5s 1954 optJ&J / 1st mtge 4 Ms w i 1998— 1st 14M 14M Bonds Seaboard & Roanoke 5s 1931-J&J Seacoast RR prior lien 5s '48. A&O 105M 106 M 110M J&D 4s series F 1953 4s series G 1957 4s series H I960 Ask 117M A&O M&N M&N F&A 3Ms series E 1949 104 dep (issued by reor¬ ganization manager) 1961 / Norf & South 1st 5s 1941—M&N / Bid Pitts Bessemer & Lake Erie— Cons gold 5s 1947 J&J Pitts Cin Chic & St Louis— _ Canadian pr»ce. 90 108 M 94 90 69 H 108 M 71 RAILROAD BONDS Feb., 1941] NOTfetoH. fo°rn.n Wabash Railroad Oo— a_ 44 Deb mtge 6s 1st lien term gold 4s 1954.J&J Det & Ohic ext 1st g 5s '41. J&J 53 Eq to 2 *4s ser H 8*4 5*4 8*4 5k 8% 5*4 8% 5*4 2.00% 4*4 / Ref & gen 5s 1980 ser D..A&0 Certificates of deposit Washington Central Ry— 1st 4s Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 108*4 110*4 64*4 94*4 102*4 b 1.25 b 1.50 b 1.70 106*4 / 17*4 f 17*4 b 2.00 1.50 b 1.40 J&J / 5s 1980 4 *4s 1941 opt M&N & Eastern— 1st guar g 5s 1942 J&D f Willamette Val Southern Ry— 1st g gu 15 102 *4 Detroit F&A 1947—F&A & Nor 4H» '77. J&D - Wilmington Wilmington Ry Bdge 5s '43.A&O Winston-Salem Southbound— 1st gold guar 4s 1960 J&J Winston-Salem Terminal Co— 1st s f guar 3*4s 1970 M&S Wisconsin Central Ry— 1st gen g 4s 1949 ....J&J Certificates of deposit-.... 1959 A&o Sup & Dul Div 4s 1936.— M&N 1st & ref 4s Certificates of deposit & S'eastern di\ 28*4 73 *4 113 28*4 26*4 9*4 29*4 9*4 9*4 9*4 9 50 6*4 Ft Wyoming 100 Georgia RR & Rank Co (gu).lOO Georgia Sou & Fla common 100 1st preferred 100 2d preferred 100 Goshen & Deckertown (guar).. 10 4 Genesee & 22 19 80 79 94 69 72 108 112 Augusta & Savannah (guar).. 100 33 Mt Morris (gu).100 Bait & Cumberland gu 50 Baltimore & Ohio common—100 72 4% non-cum pref Bangor & Aroostook com 6% conv preferred (guar N Beecn Creek 100 50 100 Y O)—50 Belgian National Rys Co— American shares partlc pref— Boston & Alb (guar N Y O)_.100 Boston & Maine common 100 Unstamped— 1st pref 5% class A.....100 1st pref 8% class B 100 1st pref 7 % class C 100 1st pref 10% class D__..100 1st pref 4 *4 % class E 100 6% non-cum preferred 100 7% prior preferred 100 Stamped— Common —100 v 5% class A 100 1st 8 % class B 100 1st 7% class O 100 1st 10% class D 100 1st 4 *4 % class E . - . 100 6% non-cum pref stamped. .100 Boston & Providence (guar).. 100 Boston RR Holding pref 100 Camden & Burl Co (guar) 25 Canada Southern (guar) 100 Canadian Pacific 25 Oaro Clinchfield & O (guar) .100 Oatawissa RR 1st pref (guar)..50 2d preferred (quar) 60 < 1st • pref pref pref pref pref No par accrued *4 8*4 19 80 33 40 • $5 preferred * 1 Hartford & Conn Western... 100 - Illinois - 100 Central 64 21*4 64*4 Non-cum 6% pref series*A.. 100 Leased lines (guar) 100 67 70 147 152 17 19 18 19 15*4 Internat Rys (Cent Am) 38 41 93 96 Peoria 100 Joliet Ac Chicago (guar) 100 Kal Allegan & Gr Rap (gu)-.-lOO 15*4 (gu)—100 Kansas City Southern new * 4% non-cum preferred 100 Kansas Okla & Gulf pref A 100 Lackawanna RR of N J (gu)—100 Lake Superior & Ishpeming 100 Lehigh Valley..... 60 KC8tL & Chic- Pref 7 3% 5 3)4 5)4 6 5)4 27% 28)4 32 34 ...... 11*4 2*4 48*4 *4 46 3 11 95 50 20 38 65 50 73 1*4 3 Preferred (guar) Louis & Mo Riv pref 2% Louisville & Nashville .... 1 IK 1H 1% 1Vs 1% 2 2 15)4 2*4 "2)4 5 17)4 8 10 32 34 35 3 H 90 35 35 40 3)4 91 ..100 1)4 % 2)4 78 93 70 65 100 3 1 Missouri Pacific 7)4 9 3 5 3)4 5)4 13 Vs 25)4 14)4 25K '87 55 5% conv preferred 100 dollars per $100 face amount, r Canadian price, x a 90 135 164 183 181 67*4 12*4 68*4 13 160 52 55" 14*4 16 92 1*4 13*4 10 10*4 "7" 7*4 14*4 Shamokin Vail & Pottsv 14*4 38 39 Sou—1 100 Southern Pacific Oo new 2 1 Sharon (guar Erie) Southern Ry common 2*4 38*4 103 South-West'n - ^ 67 70 19 24 4*4 16*4 4*4 17*4 67 72 39 42 185 210 2*4 2 . 49*4 52" 41 45 *4 Troy & Bennington (guar) 100 Troy & Cohoes 50 T^oy & Or'bUBh (gu NYC).. 60 Tunnel RR of St Louis (guar) .100 Union Pacific common 100 100 35 - 2 3* 4 90 60* 30 9 12*4 22*4 25*4 24 91 ■ 7 110 5 74 9 90 25 46 138 80*4 80*4 248 45 10 33 100 100 103 90 20 30 63*4 65 Vermont & Mass Vicksb Shrevep & Pac (guar). 100 5% non-cum pref (guar) 100 Virginian Ry— 14*4 Valley RR (N Y) (guar) (guar) 25 common 5 6% preferred 25 Ry..i ..100 57 5% non-cum preferred A 100 Ware River (guar): 100 Warren N J (guai D L & W)__50 41 Went Jersey & Seashore <gu)__50 35 Western Maryland Ry com. 100 1st preferred 100 *4 4*7, non-cum 2d pref. ..100 5 *4 Western Pacific RR Corp— 0% m>D-cuin prefiTrert .100 Ke Wheeling % Lake Erie Ky__..100 4% prior lien 100 K 5H% cum preferred .... 100 15*4 52 59 65 40*4 41 33 33*4 Kb Wabash 52 70 - 700 39 32 *4 3 *4 1*4 *4 - - , 38*4 *16 Utifca Clinton & Bingham (gu)100 Preferred (guar) 100 " — 142 70 (Georgia)(guar)100 Stony Brook (guar) 100 Sussex (guar D L & W) 50 Syracuse Bing & N Y (gu) 100 Tennessee Central... ♦ Preferred ...100 Texas & Pacific Ry 100 18 14 40 137 ...100 100 United N J RR & Canal (gu).100 Utlca Chen & Susq Val (gu).100 51 32 47 * 4% non-cum preferred 105 103 5% non-cum preferred (gu)_.50 50 13*4 26*4 23*4 58*4 22*4 Mob & Ohio stk tr ctfs (gu)_100 39 4 3*4 13*4 35 - Called for redemption, see page Ex-dividend. 45*4 46*4 86 53 1*4 12*4 1*4 4 37 M 37)4 42*4 44*4 26- (guar) 100 St Louis Bridge 1st pref (gu) —100 2d preferred (guar) 100 St Louis-San Francisco Ry 100 6% non-cum preferred 100 St Louis Southwestern 100 5% non-cum preferred 100 Saratoga & Schenectady (gu).100 Schuylkill Valley Nav & RR(gu)50 Seaboard Air Line common * 4-2% non-cum preferred 100 51 100 * Preferred 50 50 com 275 St Joseph South Bend & Common (guar) 19 (gu)25 Mine Hill & Schuyl Hav(gu)—50 Minneapolis St P & S S M— 4% leased line ctfs 100 Mississippi Central 100 Mo-Kan-Texas R R com * 7% preferred series A 100 RR1.100 Rutland RR 7% pref 100 Rutland & Whitehall (guar)..100 155" 150 £25 Mill Creek & MinehlJi Nav 15 119 Rensselaer & Saratoga (guar). 100 72 55 18 5% preferred 100 6% prior preferred........100 Massawippl Valley (guar) .100 Michigan Central (guar) 100 45 60 J4% 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 4 % non-cum 2d pref 50 17K 50 100 Pref (guar N Y Central) Maine Central 1*4 7K 25*4 Roch & Genesee Val RR (gu)_100 Rome & Clinton (guar) 100 17 *4 45 490 RR 22*4 2*4 105 Railroad Securities Co— 2K 5" Lykens Valley RR & Coal (gu)_20 Mahoning Coal 6*4 100 (guar)-.100 50 13 30 50 ..50 Pitt;« Cin Chie & St Louis (gu).100 Pitts Ft W & Chic com (gu).. 100 7 % pref (guar Pa RR )_....100 Pittsburgh & Lake Erie 50 69 Pittsburgh & West Virginia 100 53 Pitts Youngstown & Ashtabula— Preferred (guar) 100 IK Pittsfield & No Adams (guar). 100 Portland & Ogdensburg (guar) 100 1 Prov & Worcester (guar)...._ 100 Louisville Henderson & St Louis— 1% 1H 1% 25 .... Preferred (guar) 100 Little Miami original guar 50 Spec gu-T betterment stk. 50 Lit Schu.vl Nav RR & Ooal(gu) 50 2)4 37 15 Fgh Bess & Lake Erie (guar) Preferred (guar). 7 1H )4 H 6c 70 100 Phila & Trenton (gu Pa Piedmont & Northern 5*4 95 1 2 1*4 97 100 100 100 100 Ry com Phi la Germ & Norris (guar).. *4 Lexington Union Station— 92 89 (guar)..100 Eastern 5% preferred. 5% prior preferred Peterborough (guar) 11*4 .... 4*4 50 Preferred & Pere Marquette 145 2 com 5% preferred 96*4 6K .... Stk tr ctfs—See RR Securs Co 21*4 value J Quotations represent A: Last sale, n Nominal, interest. - 100 6% preferred Gulf Mobile & Ohio com 8 7*4 17*4 * Western 106 Greene (guar D L & W) .100 Gulf Mobile & Northern com.100 Green Bay & 47 *f6 8*4 * Iron Ore Prop trust ctfs Preferred (capital stock . 1*4 3 Peoria & Bureau Val Great Northern Ry— 96 50 ...100 43 *4 2*4 ' Wayne & Jack pref (guar). 100 95 90 100 50 50 1*4 30 100 100 100 1*4 1*4 European & North Am (guar) 100 Fort St Union Depot (guar).. 100 42 Albany & Susquehanna (gu>..100 Albany & Vermont (guar)---.100 Alleghany Corp common * 5*4% pref (with $30 warD.100 5*4% pref (without warr)_.100 2 *4 % prior conv pref * Allegheny & West (6% guar) .100 Atchison & Eastern Bridge—100 Atchison Topeka & Santa Fe_100 5% non-cum pref 100 Atlanta Birm & Coast pf (gu).100 Atlan & Char Air L (guar)... 100 Atlanta & "West Point ..100 Atlantic Coast L Co of Conn..50 Atlantic Coast L RR com 100 Avon Gen & 1 *4 Hillsdale and (guar) Erie & Pitts (guar Pa RR)— 150 78 deposit (guar) 100 Oswego & Syrac (gu D L & W) .50 Passaic & Delaware (guar)....50 Passaic & Del Exten (guar)..100 Paterson & Hudson River (gu)_50 Paterson & Ramapo (guar) 50 Pemigewasset Valley (guar).. 100 Pennsylvania RR 50 Pennroad Corp com 1 "1*4 1 preferred __i 00 preferred..100 Kalamazoo 112*4 "" 48*4 —100 Ry 92 Ry. Certificates of stk.50 5% preferred A w i Erie & 205 Ontario & Quebec Ctfs of beneficial interest in common wi RAILROAD STOCKS Alabama & Vicksburg (gu) 84*4 4% non-cum 1st preferred-.100 4% non-cum 2d preferred—100 108)4 .. A1 Great Southern com Preferred guaranteed stock—.50 83 100 Dover & Rockaway (guar)—100 East Mahanoy (guar) 50 East Pennsylvania (guar) 50 Elmira & W'msport (guar)— 50 Preferred (guar) 50 Erie common 100 77)4 3S2 26 79" 5% non-cum preferred Detroit Manufacturers (guar) 95 IK 125 76 Detroit & Mackinac 99 4h M&N Worcester & Conn Eastern Ry— 1st gold 4 Hs 1943 —J&J Yosemite Valis f g 5s 1936—J&J 1951 2% 2H 100 * 100 100 Southwestern (guar) _ 6s 1939 Wilm & Newborn 4s Marshfield 11 _ 5s extended 1948 J&J / Wichita Union Terminal Ry— Wllkee-Barre 15 *4 89 (gu)—100 Conn & Passumpslc pref (gu)-100 Consol Rys of Cuba 6% pref.100 Cuba RR 6% non-cum pref. .100 Dayton & Mich com (guar) 50 Preferred (guar) -50 Delaware & Bound Br (guar).100 Delaware & Hudson Co 100 Delaware Lack & Western.-- 50 Delaware (guar Penn) ---25 Denv & Rio Gr West 6% pref.100 1.15% 1.10% 51K Ke M Ctfs of beneficial interest in J L Roper Lumber Co 117 Concord & Portsmouth b 114 100 ... N Y Ontario & Western Kb 96 St Louis— (guar) 4% 1st non-cum 4% 2d non-cum 102*4 13 29*4 110 50 50 100 Norfolk & Southern com w i A* K 12*4 100 7% conv preferred Norfolk & Western Pacific- Colorado & Southern 115 1st —100 100 5% non-cum pref (gu) 90 1*4 3*4 78 100 N Y New Haven & Hartf 1*4 4 *4 *4 *4 17 K 20 ^100 6% preferred series A com (gu) Non-cum pref (gu) N Y Lack & West (guar) 2*4 3 45 * New York Central RR N Y Chic & St Louis com 1*4 1*4 3*4 100 Cleveland & Pittsburgh— 18*4 1.25% 47 42 Common Regular i N Y & Harlem -----100 (guar) Cleve Cine Chicago & 19 Equipment trust 5s 1943 Western Ry of Ala 4*4s *68--A&O Wheeling & Lake Erie RR— 1st consol gold 4s 1949—M&S Refunding 3Ks 1966 J&D Eqtr 2*4s F Nov 15 1941-1949ls series G Mjv 15 1941-1950 White & Black River Valley— 1st 94*4 103*4 0.75% 1.10% 1.40%' 107 i*4 — -20 Preferred J 00 Cin Union Term 5% pref 100 Clearfield & Mahoning ten)—50 65*4 1*4 1*4 3*4 *4 Common Special guar betterment __ Wichita Falls & Southern— 54"" 25 25 100 Newark & Bloomfield (guar)..50 New London Northern (gu)..100 New Orleans Great Northern.100 Nashv Chatt & St Louis.: 107 40 Preferred 51*4 100 100 Adjust 4% non-cum pref—100 No Carolina (guar Sou RR).. 100 North Pennsylvania (guar) 50 Northern Cent (guar Pa RR). 50 >rthern Pacific Ry 1 Northern RR of N H (guar).. 100 Northern RR of N J (guar) 100 Norwich & Worcester pf (gu)-100 Old Colony (gu NYNH&H)_.100 Cin New Orl & Texas 70 38 100 (guar) Original (guar L& N) Unstamped (guar L & N) 3 1H 100 common—100 6% preferred Cincinnati Inter-Terminal— Nashua & Lowell 1*4 *4 preferred 7% preferred 101*4 25 Essex Exten (guar) .100 Mt Carbon & Pt Carbon (gu)..50 32~~ JU New common New 5% 4 24 K 50 Essex (guar).. Morris & Nashville & Decatur— 4% non-cum preferred- — --100 Ohic Milw St Paul & PacificNew common w i Chic R 1 & Pacific Morris & 41*4 55 common w i........ 50 preferred wi -50 preferred old - — -100 Chicago Ind'polis & Louisville-— 49*4 48 54 10 Montgomery & Erie (guar) 105 27 New 5% 5% preferred wi Chicago & North Western— (guar)—100 Mobile & Ohio—See Southern Ry ~3~~ 102 New 70 65 4% non-cum pref 2)4 2 *4 41 4 % New Bid Mobile & Birmingham— 17 2 15 40 32 2000—F&A 3*4s Jan 1954 -—J&J Washington & Franklin Ry—. 1st extend 4Kb 1954 J&J Wash Term Co—3*4s 1945--P&A 1st gold 4s 1945 guar F&A Washington & Vandemere—_ 1st 4Mb 1947 F&A West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— 1st g s f 4s 1990 A&O Western Maryland 4s 1952-A&0 1st & ref 5*4s 1977 ser A-. J&J Eq tr 4Hs E 1941 J&D Eq tr 2*4s 1941-1946 J&D Eq tr 2s G 1941-1949. West N Y & Penna 4sl943_A&0 Western Pacific RR Corp— 1st M 5s 1946 series A M&S Assented 5s 1946 8*4 4 *4 8*4 4 *4 8K 4*4 2.50 1941-47—A&O Warren 1st ref g 3*4s 11 8*4 Ref & gen 4 *4s 1978 ser 0_ A&O f Certificates of deposit--_— J. i 14)4 46*4 8 *4 1976 ser B—F&A Certificates of deposit-.-— 55 44" Wabash Railway Co— Ref & gen 5*4s 1975 A—M&S Certificates of deposit 14 Chesapeake Corp -* Chesapeake & Ohio common—.25 Preferred series A —-100 Chestnut Hill (guar) ----50 Chicago Burl & Qulncy— 100 Chicago & Eastern Illinois— New common w i—....— New preferred w 1 -40 6% old preferred —-100 Chicago Great Western— 30 Des M Div 1st g 4s 1939- -J& J Toledo & Chic 4s g 1941—M&S Omaha Div. 1st 3 *4s g '41. A&O Ref & gen 5s 16 Par Stocks Ask Bid Cayuga & Susq (gu D L & W)_30 Central of New Jersey —100 Chattahoochee & Gulf (guar).100 46*4 12 *4 W&N -„--F&4 series B 1939. J&J 1st gold 6s 1939 2d gold 6s 1939 Par Stocks Ask Bid Bonds and Stocks ... 68 22 25 56 59 3*4 6*4 h Basis. 6*4 Kb % ... 111. 3*4 69 66 62 75 90 98*4 98 10C* /This price includes NOTICE—All bond prices Stocks and Bonds Par Bid Adams Express com... ---* Ooll trust 48 1948—-_.-M&S Ooll trust 4s 1947 -—-J&D 434« stamped 1946 F&A Air Investors Inc Convertible preferred Warrants Aldred Invest Trust (Mass)-— 10254 103% 10734 Accumulative series aa % 12 17 % % o 2 3 llVs 102% 1334 10334 6.15 2.77 Amer British & Cont 5s *53 F&A Amer Business Credit A-.---.—1 Amer Business Shares.-....—-1 Amer Capital Corp A— 10c 6.30 3.06 5. —10c S3 preferred * $5 50 prior pref -* Amer Cities It* & Lt cl A.....25 Class A opt div ser w w__—25 05% 29 29 35 38 134 % - Foreign Investing $2 preferred $234 preferred.i $3 preferred 4 34 102% 6.18 2834 30% 35% - 1* J&J 5% conv preferred Associated Gen Util com Inc deb 5s w w 1956 10151 1 c—* M&N / 22 22 Income deb 4s 1961 3 M&N if Associated Stand. Oil Shs 2 Associates Investment Co.. * 5% preferred 100 Atlantic Secur 4 3*s A 1953-A&0/ Corporation common 6% preferred Option warrants. Aviation Capital common Axe-Houghton Fund Inc ♦Bankers Nat Investing ♦5% preferred Bankers Securities Corp 5 $3 conv Mi 3734 ±3.15 19 9c 20.09 5 50! 1 5 5 li Brooklyn National Corp.- Conv preferred Conv pref series of 1929 6% cum preferred 68 3 % 100 1 234 % % % 4%% conv 10 common preferred Commercial Invest Trust $4.25 conv preferred 10 100 26.15 4% 16.62 534 80 8.89 26.25 13734 4634 141 50 2 * Investors $6 preferred * Deb 5s Feb 1 1952 f&a General Capital Corp * Gen Finance conv deb 5s *5l-j&D General Investment Corp.. 1 $6 preferred General Investors Trust. General Public Service Corp $6 preferred Conv deb 5s 1953 Gen'l Realty & Utilities $6 preferred J&j 4.18 3.81 434 100 10134 434 10534 10234 25.44 98 27.35 % ""Mi 5334 60 4.42 4.82 34 2734 10134 Mi 30 * 102 1 com .% German Credit & Investment— Pref allot ctf 25% 1st pref—* Gleneagles Invest 5s June 15 1944 j&J Goodall Securities Gotham Credit class b 34 5834 58 * ww Mi 1834 18 * 13 Corp 4 34" 1959-—. A&o Group Securities, Inc.— Agricultural Shares 195 yo* 10054 "134 4.10 7.07 - Building Shares 4.76 3.72 _ 7.77 5.13 6.04 8.39 4.07 2.85 Invest Bond & a ser w 7.61 ------- • 10034 3534 * 107 - 1 12 2834 10134 35 34 10834 154 3.61 10134 * % 27 834 26 25 x-w. 26 Household Finance com * 5% preferred 100 ♦Huron Holding Corp 1 Hydro Elec Secur Illuminating & Power Securities— 1st preferred 100 6134 108 5c - , 100 34 34 10 25 25 3 10 95c 1.17 134 1.37 a* il* 1.05 1.28 —* - * 434s coll tr aaa 1941-43.-a&o 5s coll tr bbb 1944-51 a&o 13 4s coll tr coo 1939-42---m&n Invest Bond & Share 5s a'47.j&d (investment Co of America. — _1 12 2834 4 3 9934 3734 17.68 i a Called for redemption * 10 10c 34% preferred * * see page 111. on 354 88 94 4334 9634 9834 i.92 2.35 2.30 1.88 102 16 1734 10c 6 41 2 234 10034 10034 16 16} 2} 134 8234 4 43 10 3* 273 354 63 1034 2634 334 634 534 6 34 35 31c 36c 834 634 10234 10234 me 4 118 9 10054 12.82 ' 6.10 103 854 1054 634 10334 i03.i 534 8.42 3.17 100 4834 * 8.92 3.54 10134 5034 7 Corp Royalties Management a.. 1 ♦Schoellkopf Hutton and Pomeroy Inc common 10c Scudder, Stevens & Clark Fund.* Continued 104 1 — 9934 7.09 10334 3% 10 Common stock $6 preferred Rossia International 100 16.35 — * -.5 Representative Trust Shares 10 Republic Investors Fund 1 Conv 434s ser a 1950 f&a Reynolds Invest 5s 1948—.a&o Mi 13 34 3234 6.19 37 Preferred ♦ Quotations not furnished by sponsor or issuer. * No par value. k Last sale n Nominal, r Canadian price x Ex-dividend 5 10 Com..* Railway & Light Securities com.* Preferred .100 Coll tr 3 34s ser 12 1955..j&D Railway & Util Invest a 1 ~5% % 2.75 5.60 6.42 1 Railroad Employees' Corp— Class a common 54 5 6.10 6.18 Provident Loan Society 6% ctfs. / 115 Prudential Investors * 834 $6 preferr 1 10034 Putnam (Geo) Fund ii.99 Quarterly income Shares 10c 5.15 5% deb series a 1942 m&N 100 1 7 1 $3.50 prior preferred Interstate Bond Co— Plymouth Fund Inc 2.19 134 75c * -.1 Class a.. Petroleum Corp of Amer Phoenix Sec Corp $3 conv pref class a 14.39 — 434sj.949.f&A Deb 5s April 1 1948. a&o Pacific Eastern Corp Pacific Finance Corp (Calif) 10 Pacific Southern (Invest pref----* 15c j&j if Insuranshares Co of Delaware.-l Insuranshares (Md) ctfs Inc 1 International Holdings & Inv—_* lnternat Securities 7% pref 1 International Utilities class a * 23 » 1.25 13.38 1.96 1 Debenture 434s Feb 1 1947 Debenture 434® Dec 15 1952 Old Colony Trust Assoc—---.* Overseas Securities Co * 112 1 Insurance Group Shares Insull Utility InvestDeb g 6s 1940 b with war $1.75 preferred 1834 2934 5 - Old Colony Invest Trust 2834 934 27% 2734 6234 11034 % a 5 Class b... 30c m&n - - b — 100 34 34 34 Bank Group shares 13 ...... . Mi Industrial Securities Corp 6% preferred Institutional Securities Ltd— .. 9.67 --------- 1 25 6.84 - ----- Preferred Oilstocks Ltd Oklahoma Carey Trust Oklahoma Southern Trust w 8.95 5.65 8.38 7.55 10.65 8.39 6.74 6.83 3.04 5.11 7.60 Oils & Industries com... w 7.46 4.76 10.83 8.12 3.72 Preferred Preferred 6.76 ...... Building supplies Chemical Electrical equipment Insurance 5.28 . 1.15 11.16 9.83 3.08 .... 6 4.30 3.70 3.37 4.83 4.35 $3 2nd preferred * Debenture 5sseries a 1948.M&s Heller (w e) common 2 554 3.28 1.01 10.35 stocks Petroleum Shares Railroad Equip Shares 5.32 5.32 70 5.27 4.90 1 Collateral 4s 1951 j&D North American Trust Shares— 1953 ♦ 4.79 17 4.75 65 Wide Securities— (Colo) ser b sharos * (Md) voting tr shares 25c New England Fund ---.--1 new York Stocks, Inc — 1956 1958 Ohio Finance Co. Common — 1634 4.30 4.82 Nation 2.58 4.64 4.79 Industrial Finance vtc Preferred 91 50c 1134 10 2834 * Nat Trust Shares re modified 7.63 3.69 com 954 1254 8934 86 1957--q-Jan National Investors Corp 1 Investing Shares Merchandising Shares Mining Shares Tobacco Shares 234 934 1234 100 ... 9.41 2 23 Los priced bond series..: Nat Indus Loan 7s Agricultural Automobile Aviation 96 24% 8.61 * com w Electric Equipment Shares Food Shares Guardian Investors $6 1st preferred 94 6 North American Bond Trust Ctfs. North American Invest Corp— 5.11 254 "854 23 25 4.66 5.49 Steel Shares 234 "834 ,_m&s Class a preferred 4.32 101 37 10 1947 Railroad Railroad equipment stocks. Niagara Share Corp (Md) Conv deb 5^s 1950. Class b common 39 45 Independence Trust Shares——* Independence Fund of n a...._5 Commonwealths Dlstrib'n Inc—1 134 Commonwealth Investment 1 3.32 Commonwealth Loan 5% pref 100 100 Commonwealth Securs common. 1 20c Preferred .1 1734 Consolidated Invest Trust com. 1 26 % Consumers Credit Serv 6s 1962 3034 Continental Securs 5s 1942 M&N / 22 34 Continental Shares common *1 4c ♦6% preferred.. 100l 11 Corp Securs 5% ctfs 1935..M&8 / 34 1950-m& s Oils 65% 34 ment w w 5 x-w Steel 5 354 2734 Machinery 27 Great Britain & Canada Invest¬ 2934 * Metals 10 6334 36 2834 1 com Bank 7.74 44h 50 - 5% preferred 4.951 2.25 18.68 9.25 Nat Bond & Share Corp.. National Income Series 16.19 2154 434 Mass Investors Second Fund Incl Mass Utilities Associates vtc 1 5 % conv partic National 3.85 6.05 3.40 17.37 8.60 8% preferred National Aviation 1434 14.70 5 Morris Plan Indus Bank (n y)_10 Mutual Investment Fund 10 Mutual System com 1 42 -.1 com Shareholdings Corp ~6 conv pref 1334 3.35 ♦ Income Foundation Fund Incorporated Investors 110 HO 110 __ Fundamental Investors Inc 2 Fundamental Trust Shares Inc— — 9.62 26.50 105 52 a 20 234 34 134 34 24.32 15.62 Q-M Q-J Collateral Loan 100 Commercial Banking common..1 preferred 2 33J .100 3.43 38 10c Preferred 6.08 3.08 8.36 * Maryland Fund Inc 3-. 10c Massachusetts Investors Trust ..1 Debenture 4 34s 3.53 2.10 30.60 73.40 7.01 10 Corp 9-16 . 40 21 1 Midland Invest Corp (Mo) 3s 1953 m&n Monroe Loan Society class a 1 Morris Plan common 2.48 10c x M&s f Liquidating Shares Loomis-Sayles Second Fund Loomis-Sayles Mutual Fund Sec 6s 5.49 Fixed Trust Shares series a .10 Foreign Power Secur 6s '49 j&d / Foundation Trust Shares ser a-.l Fulton Indus Sec units 1st 5 34s series b 1945 Lehman Corporation 1 Partic preferred 16 2.24 - 334 23" 21 Preferred 100 Cleve Securities 4-6s to 1943-J&J Collateral Bankers Inc— 7s series A & B 1950 -Q-F 7s series C 1959 $1.20 75 102 1 Chain Store Investors Trust * Chartered Investors common 1 $5 preferred * Chemical Fund .....1 Christiana Securities com 100 Preferred 100 7s series D 1956 6s series AA-AB-AC 334 96% Century Shares-Trust 1434 5 Automobile Shares Aviation Shares 47" 43 --—100 100 _100 100 City Investing Co.—— 12.76 3.30 2634 15.16 10 10c Globe Indus Loan 6s 1955 24c 21.72 53 2% 40 100 ♦ * Knickerbocker Fund Lawyers Mtge Inv (Boston)— Chemical Shares 51 Carriers & General Corp 1 Deb 5s with warr 1955.-M&N Cent Invest Corp 5-6s '57.-A&O ♦Central Nat Corp class A • ♦Class B * Central States Electric Corp 14.14 60 34 1934 1834 2634 35$ 30.90 24.40 15.12 7.28 16.02 12.14 12.92 13.75 6.61 14.58 11.00 11.75 8.31 3.17 5.52 x x preferred Merchants & Manufacturers Securities a common 7634 25.03 mi 2034 1934 2734 2734 16.32 Bank stock series Gen 134 34 3834 1134 58 2.50 A&O Canadian Invest. Fund Ltd 1 Canadian Pow & Pap Invest Ltd— Deb 5s series A 1958 F&A Capital Administration cl A——1 13 cum pref series Ai10 Carey Trust of NY * Original 57 10034 1034 J 10 25 5s series A 1959 7% preferred Commercial Credit 1164 * preferred Canadian lnternat Inv Trust— 1934 109 107 1 --.-100 7% preferred 9% _ 1 Bullock Fund Ltd Burco, Inc common.. _ 3.29 1 Boston Investment Co British Type Investors A Broad St. Invest Co inc.... conv 534 534 , ----- 19% 5654 1003-6 1 - "634 24 23.28 common. $1.50 preferred series a $1.50 preferred series b Fidelity Fund. Inc ♦First Boston Corp First Mutual Trust Fund Fiscal Fund. Inc.— h 4 6534 534 2134 7434 10c Class a Class b General American 19.1.4 4% - Boston Fund Inc $3 94% 10.87 1 common preferred 36 6% 47 % 17.61 5 ♦Blair & Co Corp 434 com. .50 6% preferred 50 Basic Industry Shares 10 Beneficial Industrial Loan ♦ $2.50 prior preferred * 234s debs 1950 J&D Beneficial Loan Society com * 6% profit share deb 1956—Q-J Blue Ridge 24 10.11 com common. preferred.. conv 16 18.32 10.92 Insurance stock sories 24 4% 34%. 94% 11 50 $3 50 30c 5c , Atlas 10234 1334 2834 1334 27 % 49 50 v t ~4~~ 3% . * $2 preference 31 Equity Corp Family Loan Society % --------- Manhattan Bond Fund Inc Marine Midland 16* 17.24 10.28 - 6.82 3 29 2% —-—1 —...—1 1 Amer International Corp Conv 534 s 1949 American Investment (111) 434 234 1434 Economic Inv Tr Ltd 5sa'57m&N Empire Capital Corp a 5 Empire Power Corp partic stk.* $6 preferred ♦ Equitable Invest Tr (Mass) 5 1.025| 10c 10c 64 134 34 1434 $6 preferred series b * Eaton & Howard Balanced Fund Eaton & Howard Stock Fund % Amer Elec Sec partic pref 62 - 70 27 1.13 1434 2934 434 22 24 . 1st coll 4s series a 1952...j&j Eastern Equities Corp 5 Eastern States Corp com_. —♦ $7 preferred series a * 13* 25% % Class B 1 Amer Discount Co of Ga $2 pref- * 1 Common American European Secur ,--* Ooll tr s f 5s 1958 ser A—-J&J 5s series B 1958-_M&N 5.50 1.02 54 18* Series k-2 Series s-2 Series 8-3 Series s-4 1434 2934 434 Ask Per share 8.69 8.80 28.18 22.25 Series b-3 Series b-4 Series k-l Dominion-Scottish Invests Ltd— 1 -,, 2.50 Bid Series b-l Series b-2— 16.78 134 3.20 4.85 Dividend Shares.... ---25c Domestic Finance common Preferred * Warrants Class B American General Corp shares--.--.--— d «hares Par Superpower Corp a com.* Deb 6s 1963 (ex-warrants.-j&j Keystone Custodian Fund— 3234 - 32% Bonds Italian 2934 — % ana Investors Fund of Amer Series cl Investors Royalty 1 Preferred 25 Investors Trust common 25 Preferred 25 Credit Service deb 6s w w '48-q-f f 2 Forster Inc com— 10 2734 ♦8% preferred 100 118 ♦Crum & Forster Insursb b 10 2934 •7% cum preferred100 112 Cumulative Trust Shares—* 4.01 Delaware Fund --1 15.32 Deposited Bank Shs n y ser a-.l 134 Deposited Insur Shs ser a —1 2.71 Diversified Trustee 8hares— 24 Stocks 2.09 1.98 1.98 2.36 2.36 1 1 1 1 - Ask share ♦Crum & 11% 32 Amer - (modified) aco (modified) 102 20 Alliance Investment com..——* Allied Int Investing Corp— $3 convertible preferred-* ♦Amerex Holding Corp 10 Bid Corporate Trust shares old ser.-l aa 101% 101 H 1% Deb 4 %b with com shs 1967— Aldred Investment Corp (Can)— Deb 4%b with com shs 1968— Par Per 108 8.23 2.67 102 7.57 2.24 * where marked and income and defaulted bonds possible for the closing day of the month preceding the date of Issue Stocks and Bonds 634 , -* / as share 6 Aeronautical Securities -1 Affiliated Fund com------— 1.25 Sec conv deb 4s 1949--—J&J Conv deb 4s 1950 J&J interest'* except are as near Ask Per "and are Quotations for all securities Mi 20c 35c 34 34 78.83 80.43 page 84 / This price includes accrued interest. - Utilities Pmblic (Includes street and electric lysYgas, railways^gas, electric NOTICE—All bond prices are "and interest" except where marked Quotations for all securities are as near as possible for the closing day of A&C f Extlsf 7s 1952. Ala Gas Oo 1st M 4H« Alabama Power Co— 39 28 1951-F&A M&S 107# 10554 J&J M&N 1st & ref 5s 1956.1st & ref 4Kb 1967--1st & ref 5s 1968 ,._J&D J&J -—J & J Atlantic City Sew'age 6sA*56 5s '58 ser A Atlantic Co Wat 46 Deb 4s series A 93 87 Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Logan 5Hs Certificates of deposit 1953 / '57 M&S15 / Amer Elec Pow deb 6s American & Foreign Power Co— Deb g 5s 2030 -M&S Amer Fuel & Pow 7s 1934.J&J / American Gas & Electric Co— 2 54s s f debs 1950 J&J —- 20 54 7 4 10554 107 J&J J&J 10954 Am Gas & Pow deb 3-5s '53.F&A 63 Secured deb 3.6-6s 1953 J&D Am Pow & L deb 6s 2016...M&S Amer Rys Corp coll 4Hs *53.A&O 69 106 Debenture 4H« 1963 H 75 50 A&O 10654 10754 10954 Sk* 70 10654 7654 54 a a 10454 89 104 10854 107 % 109 89 10854 91 Amer Water Works & Electric— ser ser M&N J&D A B 11054 101 11054 10154 Ana&Pot R RR-See WashRy&El 100H Anchorage Lt & Pow 7-9s'43 F&A Androscoggin & Kennebec Ry— 6s stpd ctfs of deposit 24 1940 / Androscoggin Water Power— 4s 5s-5Hs 1955 F&A t 640 Appalachian Electric Power— 10654 1st mtge 3 54s 1970.. J&D 129 Appalachian Power 6s 2024--J&J 130 105 99 104 105 J4 10654 Arkansas P & L 1st 5s 1956-A&O 10654 Arkansas Western Gas Co— 100 1st mtge s f 454s 1955 M&N Ashtabula Wat « ks 5s 1958-A&O Assoc Elect 4Hs 5s Jan 1 1961 10554 4654 5054 J&J 1953 J&J Associated Gas & Elec Co— Oonv deb 5 Mb 1977 F&A / Conv deb 5s 1965 M&N / Conv deb 5s 1950 F&A / Conv deb 4 Hs 1949 J&J / Conv deb 4 Hs 1948 M&S / Cons ref deb 5s 1968 A&O / Cons ref deb 4 Hs 1958 M&N / 8 fine deb 5s B 1983 M&S 8 fine deb 4 Hs C 1983--.M&S 8 fine deb 4s D 1983 .M&S / - " . * 8fincdeb4H-5Hs A 1986 F&A 8 fine deb 5-6s B 1986-—M&S Oonv A 5s 2002 —Q-F Conv A 6s 2002-.-.-. Q-M 154 154 154 Conv A 7s 2002 Scrip 4s 1941 Scrip 4s 1942 Associated Gas & 1254 1154 1254 1254 1254 1254 10 854 854 10 854 854 154 154 j 13 13 ii* 1§* 1154 1054 1054 11 1054 1054 15 154 154 254 254 Deb 6s series A 1958 M&N 81 56 56 57 / 57 57 57 2-yr 6% notes 1933 A&O / 143 Certificates of deposit.. / 143 Athens (Ga) Ry & Electric— 105 1st & ref s f g 5s 1950 J&J 106 Atlanta Gas L 5s g 1947 J&D Gen mtge 454s 1955 10654 M&S Atlanta Nor Ry—See Ga Ry & El 10454 Atlanta Wat El & Pr 5s 1943 J&J Called for redemption: seepage 111. _ — 10351 - 10354 102 % 104 H 4s June 1 1946 j 4s Dec 1 1947 109 54 10454 10454 104 54 4s June 1 1948- 104 54 4s Dec 10254 10454 1 1946 4s June 1 1947 11054. 10954 4s Dec 1 1948 104 48 June 1 1949 10854 10354 J&D M&S 108 109 M&S Brandenburg (Germany) El Pr— 120 Deb g 5s Dec 1942 7s Sept 1947 s M&N / f 6s 1953 Bklyn City RR 1st 5s 1941—-J&J Brooklyn Edison Co— Consol mtge 354s 1966—M&N Bklyn-Manhattan Transit Corp 454 s Certificates of deposit 1966 Brooklyn Queens Co & Sub¬ let m g 5s 1941 (stpd) J&J 1st con 5s July *41 (stp)—M&N Bklyn Un Elev 5s 1950 F&A Certificates of deposit Kings Co El 1st 48 1949-—F&A Certificates of deposit-Jtfassau Electric RR 1st stamped 4s 1951 J&J 1st 5s A&O 1944 Bklyn Un Elev—See BklynQueens Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s'47ser A_.M&N 1st I ten & ref 5s ser B 1957 M&N Deb 5s 1950 J&D 60 110 354s 1941.-?354s 1942 3 Hs 1943 20 11854 120 6554 10954 10954 97 54 9854 Central N Y Power Corp— Gen mtge 354s 1962 254s 2Hs 254s 254s 9454 debentures— Burlington (Vt) G L 5s 1955.-J&J Butler Water 5s 1957 A A&O Butte El & Plstsf5s 1951.-J&D Cairo Bridge 1st inc 6 Hs '58.J&J Calgary Power 1st 5s I960—A&O 1st s f 5s 1964 J&D California-Oregon Power— Deb gold 5 Hs 1942 A&O 1st mtge 4s 1966 A&O Calif Pac Ry (see Pac Elec Ry) California Water Service— 1st 4s ser B 1961 M&N Calif Water & Telephone— 1st mtge 48 1969 J&D Calumet & South Chicago Ry— 1st-(35% prin paid) 1927 F&A / 6 Basis. 15 15 15 15 15 1943 1944—.. 1944 1945 1945 3s 79 J&J 26 H 28 M&S 15 2654 2754 Deb 5 Hs 1954 82 Central States Electric Co— 1st mtge 4s 1964 105 J&D Cent States Pow & Lt Corp— 1st M & 1st lien 5Hs 1953. J&J Debenture 5s 1944 — 9454 105 54 10754 107 H 109 54 106H 3 / Charleston Transit Co— 1st 5s 1942 113 M&S -M&S a 102 65 1942 M&S Chicago Aurora & Elgin RR— a 114H 102 Gen & 84] 69 57 1 10754 1st mtge 354? ser B 1966.-F&A Central West Public Service— Charleston Cons Ry Gas & El Consol gold 5s 1999 ...M&S 93 3 95 54 .J&J Cent States Utilities 6s 1938.J&J / Cent Vermont Public Serv Corp 5Hs 1956 101 107 54 154 2 Central States Elec Corp— Conv deb 5s 1948 123 10554 120 9054 83 67 54 54 (wg)lnc5 54s. 1952 / Central States Edison, Inc— 1st coll inc 3-5s 1950 M&S 103 54 10354 10354 Feb 15 1946 Aug 15 1946 Cent Public Util. 100 H 101 10354 10354 103 54 10454 103 5a 10454 10454 10054 10054 10054 10054 10054 10054 10054 100 H 100H 10054 10054 — ___ Central Public Service Corp— Conv deb 554s '49 F&A / 104 — J Per $1,150 bond. Feb Aug Feb Aug 3s 3 54s June 1 1951 354s Tune 1 1952 Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A Buffalo Traction— See International Ry 106 Feb 15 1943 2 54s Aug 10654 10254 100 Aug 15 1942 2s 11154 109 54 — a F&A Feb 15 1942 2s 2s 106 98 10854 3 54s June 1 1948. 3 54s June 1 1949.-----3 54s June 1 1950. 106H 154s Feb 15 1941 154s Aug 15 1941 Gen&refM3HsserO 67-J&D 15 30 F&A Cent Pow 1st 5s 1957, ser D.J&J 11154 3s June 1 1943. 107H A&O Central Power & Light Co— 1 st mtge 354s ser A 1969 Serial debentures— 11154 . 108 109 Central Mexico Lt & Power— 1st s f 6s ext to 1950 J&J Central Ohio Lt & Power— 1st mtge 4s ser C 1964 99 99 103 97 100 98 F&A 2s June 1 1942 Maine Power— 1st & gen M 3Hs ser H '66.F&A 1st & gen M 3 Hs ser J 1968J&D 1st & gen M 354s ser L '70 A&O 104 100 11054 10354 10354 103 97 54 - Central 7154 10354 105 104 H J&D J&D 4s 1946 J&D 4s 1947 J&D 4s 1948 —J&D Cent Indian- Gas 5s 1957 M&S Buffalo General Electric— Serial J&D 4s 1944 107 Gen & ref 4 54s 1981 Buffalo Niagara Electric— 10654 102 103 H 10354 J&D J&D 4s 1945-- 113 106 54 94 v 3s June 1 1947 72 -!iH 21 102 10354 June 1 1943 Dec 11943 June 1 1944 Dec 11944— June 1 1945 Dec 11945 354s 354s 354s 354s 354s 354s 10254 10754 1554 6754 10154 102H 10354 10354 10354 92 10154 10254 10654 2454 83 3s June 1 1942 3s Dec 1 1942 10254 J&D 1970 3s June 1 1944 1354 10554 1st mtge 3548 ser A 1968--J&D Serial debentures— 3s June 1 1945 3s June 1 1946 14 100H 103 — Conv deb 5Hs 1944 ser C.M&N / Certificates of deposit. f 25 3s June 1 1941 3s Dec 11941 _ 25 67 Oonv deb 5s series B 1942.A&O Canadian price. 59 69 Associated Telep & Teleg Co— Deb 554s 1955 ser A M&N Associated Telephone Utilities— Deb 6s series A 1941 M&S Certificates of deposit Certificates of deposit 5754 23 23 2254 22 1454 1454 1354 1354 21 21 104H _°J&D Serial Cent Illinois Light 3 54s '66.-A&O Central Illinois Public Service— 2s June 1 1941 M&S / F&A / Conv deb 5s 1973 J&D / Conv deb 4Mb 1973 J&D / Conv deb 4s 1973 M&S / Income deb 454s 1978 F&A / Income deb 4s 1978 .A&O / Income deb 3 54s 1978 M&N / Income deb 354s 1978 ...M&S / Associated General Utilities— See Investing Companies. Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J a 52 Elec Corp— 8s ex-warrants 1940 Conv deb 5Hs 1973 r 4754 1st mtge 3 54s 1964 debentures— 113 13554 63 Bridgeport Gas Lt 4s 1952..J&J Brlth Colum Pow 454s 1960.M&S British Columbia Telephone— 1st 4Hs series B 1961 J&D Broad River Power Co— 1st & ref 5s 1954 ser A M&S 98 Arizona Power 5s 1950 F&A 1st & ref 45*s 1950 __F&A Arkansas-Missouri Pow Corp— 1st mtge 4s ser A 1965 J&D A&O f Mtge&Colltr3 54sser D'68 J&D St&FulFy-See NY Rys Bolivian Power 8s ser A *45.A&O Extl 1st J&J A&O 1960 101 107 M&S Central Illinois Elec & Gas Co— Bleecker West End St 5s 1944 Arizona Edison Co— Income 5s 1960 f 6548 1956 Boston Elevated Ry— Deb g 454s Nov 1. 1941—M&N Ardmore St Ry—flee Phila Co. Income 6s 1st mtge s Birmingham Elec 454s 1968.M&S Birmingham Gas 1st 5s '59.M&N Blackstone Val Gas & Elec— M & coll tr 4s ser C '65—M&N 1st mtge 254s 10754 11254 25 2254 „ Boston Edison Co— 680 1st & ref 3 54s 1965 111 60 55 ..J&D 1951—J&D / 1959—F&A / Apr 1, 1955 A&O / Berlin Elec Elev & Underg Rys— 103»m . Berkshire Street Ry— American Telephone & Teleg— Deb 5Hs Nov 1 1943_^-_M&N 25-year deb 354» 1961 A&O 30-year deb 3 54s 1966 J&D Amer Util Service 6s 1964--M&N Gape & Vine'd El 4s A '65—J&J Capital Traction (Wash, D C)— 105 1st g 5s June 1, 1947 J&D Cent Ark Pub Serv Corp— 101 1 st & coll tr 5s 1948 ser A_ F&A Central Electric & Telephone— 104 454 s series A 1965 J&J 97 Central Gas & Elec 6s 1946.M&S 95H First lien coll tr 554s *46.-J&D 21 Central German Pow 6s '34. J&D / Cent Hud Gas & Elec Corp— 1st & ref 5s 1941 J&D 18 112 54 13454 ..A&O Bergen Turnpike 5s 1951-—J&J Deb 6s - 1975 10154 10354 10354 Berlin City Elect 654s Sink fund deb 654s Deb 6s 35 41 , 1st mtge 5s 1958 1947 114 106H 11054 11154 O Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser C A&O Bellows Falls Hydro-EIec Corp— 1st extend 6s 83 H 1st mtge 5s ser A 1955 M&S Canal & Claiborne RR 1st 6s_ *46 3454 40 10054 100 / 50 654s 1951 Canadian Utilities Ltd— 112 -J&D M&N 1st g 5s 1957 ser B 1st mtge 5s 1960 ser American States Public Serv— 1st 1 5 Hs 1948 ser A M&N / 101 Deb 6s 1938 J&D / 12H Deb 5s 1975 Term , 88 American Community Power— 3h»»f debs 1960— 354s s f debs 1970 f / 65 5s 1949 optional 1914 Canadian Rail & Harbor— .. 1975—--—J&J J&J 95 Deb 5s series B 1975—...J&J Bangor Gas Light 5s 1941—.A&O Bangor Hydro Electric— 1st mtge 354s 1966 90 J&J Bear Mt Hud Riv Bdge Co— 1st 7s 1953 A&O 24 S f income 8s 1953.------A&O Beaver Valley Trac 5s 1950-A&O 5754 Bell Telephone of Canada— 40 76 M&S _ Canadian Light & Power— 10354 1st 5s 1946 ---—M&N Baltimore Transit Co— M&N J&J Canada Nor Pow coll 5s *53 98 102 10454 6854 Avalon Telep Ltd 4H® '68--A&0 Baltimore County Water & Elec 103 105 Ry—See P 8 Corp 97 96 J&D M&S 10654 10854 Bid Bonds Ask 10754 97 J&J Deb 5s series A 1975 Corp— Cum Income 4s deb B _A&0 Alliance Pub 8er(Ohio)5s '57 M&S Altoona & 108 "f" and income and defaulted bonds the month preceding the date of issue Camden & Sub 104 103 10254 10454 M&S Albany Ry 1st cons 5s 1930. -J&J / 40 General 5s series A 1947..J&D / 37 All America Atlantic City Electric— Gen mtge 354s 1964-. Atlantic City G as 5s 1960. 1st lien & ref 5s 1957 104 M 1st 5s 1946 1st &ref 5s 1951 Bid Bonds Ask Bid Bonds Adriatic Electric Co (Italy)— and bridge companies.) power, water, telegraph, telephone adj 5s 1952 Coll trust 5s notes 1st & ref 6s 1951 J&J f 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 107 54 254 454 44 —— 3H 554 44 H Chic North Shore & Milw RR— " 4754 1st mtge gold 5s 1936 1st & ref 08 1955 ser A 1st & ref 5Hs 1956- /This price includes accrued interest. J&J / J&J / -A&O / kLastsale. 254 254 154 354 254 254 nNominal. 74 PUBLIC NOTICE—All bond prices UTILITY BONDS "and interest" except where marked **f" and Income and defaulted boncis Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds are Ask 1st 5s 1927 stpd as to 25% pt red and pay Feb 1,1940—F&A f Certificates of deposit / Cons M 5s ser A Feb *27-A&O / 'Series B Feb, 1927 -T&D Purch money 5s Feb 1 1927 J& J Adj inc 4s Feb 1 1927 May Chicago Rapid Transit Co— 1st & refers 1944 J&J Certificates of deposit - J&J 1st & ref 6s 1953 ser A Certificates of deposit - Adjust deb 6s July, 1963—J&J Certificate of deposit Chicago & West Towns Rys— 1st cum inc 5s 1937 J&J / Wuerttemburg 1st 7a *56-- 42 48 Consumors 46 M 1st mtge 3 Ms 1966 F&A 1st mtge 3 Ms 1967 J&D Cin Newport & Gov L & T— 1st ref 6s 1947 series A J&J A&O __._A&0 1st 6s 1955 ser B Cities Service Co— Ref deb 5s Jan 1 1966 M&S Deb g 5s Apr 1958 A&O Deb g 5s 1963 M&N Deb 5a 1969 M&S Conv deb 5s 1950 J&D Cities 8ervice Power & Light— 3 m 3% 4M 1 2 4 4M 4M 4M 4 4 4 M&N J&D Citizens Independent Telephone 1st mtge s f 4ser A '61-.J&J Citizens Utilities Co— Income notes 3s 1955 F&A M 3M 4M 108 M 109 M 109 M 87 90 89 M 92 93 93 M 86 M 83 M 89 82 H 83 M 84 M 83 M 84 M 84 M 91M 92 39 79 A&O Citizens Water (Scottdale)— 1st 6s series A 1953 J&J 93 City Light & Traction (8edalia, Mo) 1st s f 5s 1952 J&D 100M City & Sub PS—See Un Rys of St L City & Sub Ry—See Wash Ry & El Clarksbury-Columbus Short Route Bridge 6 Ms 1952 J&D f 45 Cleveland Electric Ilium— 1st mtge 3s 1970 JLU/ "A, J&J 107M Cleveland Ry 1st 5s A 1945-M&S 102 M 40 82 96 5s, 1966 Detroit Edison— — — ' 40 M 108M 116 6 10 101 M 102 Gen & ref 4 Ms 1961 ser D.F&A Gen & ref M 4s ser F 1965-A&O Gen & ref M 3 Ms ser G '66M&S 105 108 M 110 106 M 106M 24 90 if* J&J Stamped guaranteed opt—J&J Conn Rt v Pow 3 M ser A '61 F&A Consolidated Cities L P & Tr— 1st lien 5s 1962. J&J Consolidated Edison Co of N Y— Debenture 3 Ms 1946 A&O Debenture 3 Ms 1948 A&O Debenture 3 Ms 1956A&O 20-year 3Ms debs 1958—J&J Consolidated Electric & Gas— A Aug 1 1962. _M&N 6s series B 1962. F&A ser F&A Consolidated Gas of Baltimore— Gen g 4Mb Apr 1954 A&O Consol Gas Elec Lt & P (Bait) Ref mtge s f 3 Ms 1971-—J&D 1st ref M 3s ser P 1969.J&D 1st ref M 2 Ms ser Q 1976-J&J Consolidated Gas Utilities Co— 6s unstamped 1943 ser A..J&D 6s stamped 1943. J&D 20-yrsf 6 Ms 1948 4M 4M M M 65 M 89 1948.-J&J 107M 5Ms series A 1951— 112 110 108M 1st m 5Ms 1947ser A 134 109 M 108 M 109M 90M 92 M 111 H 107 4M 4M 67 M 91 103 M 83 105 105 M 104 104M 107 M 1st 55M 57 55M 57 128 131 110M 108 111M 108M 103M 103M m 58 l950ser A J&J 1st mtge 3 Ms ser A 1970.M&N 89 M 105M 106" 81H 82M 1st, & ref m 5s 1952 M&S Equit G & E Utica 5s 1942. A&O Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N 102 H 106 21 84 M lstsf 4Ms 1956 M&S Gen s f 5s 1957-— J&D Great Lakes Utilities Co— 1st lien coll tr 5 Ms 1942.-M&N 65 67 62 H 65 gen 6M8 1950 Northern 64 F&A 107 M 128 103 106 M 105M 105 M 104M 45 50 100 108M 109" 105 104 J&D 4 Ms Dec 1 1941 4 Ms Dec 1 1942 104M Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec 1 1 1 1 102 M 104 H 1943 1944. 1945 1946 11947—— 1 1948 11949. 11950 - 104 M 106 --- — 11951 1 1952 105 M 104 M — 103 M 103 102 M 102 101M 100 M 100 72 105 : 1st mtge 6s 1945 Gulf States Utilities Co— m & ref 3 Ms ser D A&O a 1969M&N Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935—M&N / Hamburg (Germany) Elev Undergound & St Rys 5Ms'38-_J&D Hamilton Gas 6 Ms Aw w '37 J&D Hamilton Gas Corp— 4s series B 1953 105 109M 103 Green Bay & Miss Canal— 1st & ref 4 Ms 1953 M&S Mountain Power Oorp— Gulf Coast Water 1st 5s '48-F&A Gulf Power 1st 5s 1968 A&O Gulf Public Service Co— 102 M 65 Power— Green 4Ms 4Ms 4 Ms 4 Ms 4 Ms 4 Ms 4 Ms 4 Ms 4 Ms 4 Ms 120 a 93 M 70 72 M 82 M 1st 107 a 91M 79 84 85 M 35" 20 J&J 1st & 1st & ref M 3Ms 1963 Serial notes— 135 98 104 28 4 Ms Dec 1 1953 J&J A&O 98M J&D 1st 5s stamped 1950i 97 Erie Coach Co 4 Ms 1959 Erie Co Electric 6s 1959 Erie Ltg 1st m 5s 1967 106 Granite City Generating— 1st coll 5s 1963--A&O Great Cons Elec Pow (Japan)— 1st M 7s 1944 F&A Great Empire District Electric Co— t Exchanged for Phila. Trans. Co. 4s, 1969, under reorganization plan, k Last sale, n Nominal, r Canadian price. 1 Georgia Power 1st 5s 1967--M&S Georgia Power & Light Co— 124 Fall River El Lt 3 Ms 1968—M&N 97M 97 M hh OO 100 H Great Lakes Power Ltd— El Paso Electric Co— 57 50 MM OO 99M Eliz & Trenton RR ] Corp Elmira Water, Light & RR— 1st & con g 5s 1956 M&S 106M / 100M 122 M RIviPublic Serv 104 M 105 M 813 65j 1st lien & col 5s 1§43 ser A_ J&D Georgetown Gas Lt 1st 5s'61 F&A Ga-Caro Pow 1st s f 5s '52—J&J 103 103 1st sink fund 6M® 1953—A&O Electric P & L Deb 5s 2030-F&A Eliz Plainf & Cent J) See 68 65 1st mtge & coll 6Ms C55-A&0 General Water Wks & El Corp— 85" 21 Raritan 67 80 M General Public Utilities— 1st M coll tr 6 Ms ser A*56_A&0 103 & 129 '49 J&D General Gas & Electric Oorp— Scrip 4s due 1942 102 M 98 M&S 122 M&N w w 101M 99 1st 3Ms series A 1969——A&O 1st 3 Ms series B 1969 A&O 102 102 Edison El 111 (N Y)—See N Y G Edison Sault Elec 4M». 1961 A&O Eliz 56 33 91 Elec & Peoples—See Phila R T Electric Pow Corp (Germany)— 1st s f 6 Ms 1950 M&S 110M 112 33 102 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1949 --M&N 91 98 30 31 102 M M&S 50 30 Atlanta Northern Ry Co— 1st guar 5s 1954 J&J Gesfurel 6s 1953 x w J&D Grand Rapids Ry 1st 7s '39-M&N 104 0.50% 1.00% 1.15% 101 63 Eastern Minn Pow 5Ms 1951 &8 Eastern Oregon Light & Power— 1.60 Companies. 100M J&J 103 M 105 $4 General Public Service Corp— See Investing 68 5s 1948 B J&J Ref 6s Jan 1948ser 0._M&S 15 Ref 6s series D Jan 11948-A&O Ref 6s series E Jan 1 1948.A&O 95 105 J&J Gen 5s Nov 1.1954 Gatineau Pow deb 5s 22 m 1.25 b Georgia Railway & Electric- 89 104 Gary Rys Co 6M8 ser A 1945 F&A Gary Street Ry 1st 5s 1937--A&O Gas Co of New Mex 6 Ms '44 M&S Gas & El of Bergen Co 5s '49-J&D 3M 3M 95 1.00 b M&S f 1st lien coil 5s 1944 101 34 103 Eastern Lt & Pow 4s A 1965. J&J Eastern Mass Street Ry Co— 4 Ms 1948 A 1957 b Galveston-Houston Elec Ry— 1st M s f g 5s 1954 opt A&O f Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 A&O Gary Electric & Gas Co— 21 102 M 100 83 Eastern Gas & Fuel Assoc— 1st m & coll tr 4s A 1956.M&S Eastern Iowa Pow 6M» 1943.M&S m 100 f 6s M 19 100 M 100 M 100 M&N Equip trust 4 Ms to 1941—F&A Equip trust 4Ms to 1943--M&S Equip trust 4s to 1946—-M&S Fullerton-Portsmouth Bridge— 102 104M M&N s 103 104"" 103 M 102 1st & coll 4s 1960 88 to '49-J&J Phila Co Phila Co Durham Pub Ser 7s A '49--A&O Durham Trac 1st 5s 1941 M&S East Coast Pub Serv 4s 1948 F&A East Jersey St Ry 5s 1944.-M&N E. Kootenay Pow 1st 7s '42.A&0 East Prussian Pow 6s '53 J&D Ref J&J 29 87 M&S ws Dumbarton B'ge 6Ms Duquesne Light—See Duquesne Nat^Gas 7s Duquesne Trac-^-See 104 M 102 M 105 M Fort Pitt Traction—See Phila Co Fruit Growers' Express— 1st mtge 5s 1978 A&O / Economy Lt & Pr (111) 5s '56-J&D 130 109 accrued interest, F&A 5s series B 1953 J&J Eastern Shore Pub Service Co— Connecticut Power— 1st & coll trust 5s 1956 J&J 1st & gen 3 Ms ser C '75__M&N F&A / 6Ms 1952 Dom Elec Pow 5 Ms 1955 M&S Dominion Gas & El 6 Ms '45.J&J Dortmund Munic Util (Germany) Ref Community Public Service— Collateral 6s 1957-- 93 M 1st 5s 1953 106M Ref & unif 7s 1962— J&J/ Community Power & Light Co— Coll 6s M&N 94 1st & coll 4s 1950 _ 108M 3 3 103 M&N Florida Public Service Co— 1st 4s series O 1955 84 41 41 - Conv deb 5 Ms 1954 Florida Telcp 2d 6s 1954 J&J Fontana Union Water Co— 108 M&N 100 Sinking fund debs 5s 1946-J&D Florida Pow & Lt 1st 5s '54--J&J 109 M 42 Duluth-Superior Transit— 37 M M&S 105M Community Teleph 5s Jan 1 1949 / 22 Community Water Service Co— Deb g 6s 1946 ser A J&D 89 Deb g 5Ms 1946 ser B___M&S 87 Conestoga Trac 1st 4s 1950--J&J 42M Connecticut Light & Power— 1st & ref s f 7s '51 ser A..M&N 129M 1st & ref M 3Ms8erF'66_M&8 110M 1st & ref M 3 Ms ser G '66-J&D 108 25-year deb 3 Ms 1956 M&S 107 73 95 107 M 33 102 % Federated Utilities Inc— 1st lien col tr 5 Ms 1957—M&S Florida Power Corp— 1st mtge 48 series C 1966--J&D 1st Certificates of deposit 104M ^ 103 M 93 107 M —M&N Certificates of deposit S f deb g 7s 1952 104 H 110M 93 M 107 Gen & ref M 3s ser H 1970. J&D Detroit International Bridge— 35M Connecticut Ry & Light— 1st & ref 4Ms 1951 s 1st 9 110 107 M Ask M&S 102 H 1st lien g 6s 1942 103 M stpd-—M&S Debenture 6s 1954 ser B— J&D 102 Fed 1 Pow & Lt 6s Nov 1,1965— 15 Federal St & Pleasant Valley Pass Ry 5s May 1 1942 J&J / 13 Federal Water Service Corp— 110M 90 103 105M 103 M 79 Bid Stamped 106 M Delaware Power & Light Co— 1st M 4Mb 1971 J&J 1st mtge g 4Mb 1969-—-- &J 1st mtge g 4 Ms 1969 J&J Delaware Vail Util 6s 1952.M&N Denver Tramway Corp— f deb 6 Ms 1948 Certificates of deposit- 108 % Federal Light & Traction— 1st 5s (Amer series) 1942.M&S 1st 5s (Internat ser) 1942—M&S * Conv 109 1st mtge. 4s 1964 / Dawson Ry & Coal 5s 1951—J&J Dayton Power & Light— 1st mtge 3s 1970. J&J Delaware Electric Power Co— Deb 5 Ms 1959 J&J s f 6s 1953 .Certificates of deposit 102 34 M&S Dallas Power & Light— 1st mtge 3 Ms 1967 110 F&A Dallas Ry & Ter 1st 6s 1951-J&J 82 Dahbury & Bethel Gas & Elec Lt 6s series A 1948 103 F&A Darby Med & Ches Ry—See Phila R Tran 1st mtge 32 1957 93 J&J Des Moines Ry 1st inc 5s Jan 1 '55 / Detroit & Canada Tunnel— Non-cum inc deb 6s (w s) 1948. / Non-cum inc deb 6s (x s) 1948. f Commonwealth Light & Power— 5s 109M Gen & ref 5s 1950 ser A 47 Inc deb w w 1969 May / 39 Commonwealth-Edison Co 1st mtge 3 Ms ser I 1968—J&D 108M Conv debenture 3 Ms 1958-J&J 115 Col M —- 107 M 108 M 108 M 107 94 Cooper RivBri'geinc 1st 6s'58M&N Copper Dist Pow 4 Ms 1956--J&D 102M County Gas (N J) 5s Jan I 90 1952. Crescent Public Service Co— Coll inc 6s B Oct 1 ,1954—J&D / 71 Cuban Telep conv 5s 1951—-J&J 92 Cumberland Co (Me) Pow & Lt— 1st mtge 3Ms 1966 108 A&O Cumberland Gas 6s w-g 1948M&N / 38 1st mtge s f 45 Collateral 6s 1942 F&A / 5 Colorado Util Corp 6s 1938.M&S / 49 Columbia Gas & Electric Corp— Deb g 5s 1952 104 M M&N Deb g 5s 1952 104 A&O 15 Deb 5s Jan 15. 1961 J&J 15 104M Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A J&D 104 1st & ref 5s 1954 ser B M&N 105 H Columbus & Sou Ohio Electric— 1st mtge 3 Ms 1970 107 K M&S Commercial Mackay Corp— Com'w'Ith El 5s June 1 *43-M&S Commonwealth Gas Corp— 92 M 93 Bonds 24 Co— JDarby & Yeadon 4 Ms 1934 84 104 1st coll 4-5 Ms 1948 Coast Cos Gas & Electric— 1st s f 4s series B 1965 M&S Colonial Util 5Ms 1958.1— J&D Power , M M M Deb 5M« 1952 Deb 5 Hs 1949 / 1st mtge 3 Ms 1965 M&N 1st mtge i Ms 1967 M&N 1st mtge 3Ms 1970 M&N 1st mtge dU f 1966 M&N 1st mtge 3M sl969 M&N Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s *40-J&D 6M Ask _. 42 M Cincinnati Gas & Electric— Cincinnati Street Ry— 1st m 5bs ser A 1952 Bid Bonds Consol Hydro-Elec Wks of Chicago Railways Co— 102 110M see page 111. 6 Basis. 111 27 22 74 ..M&S 62 M Harrisburg Gas 5s 1970—M&N 108 Havana Elec Ry 5s 1952—F&A 25 5Ms (Sept'31 coupon)'5l-M&S / M Hest Man & Fair Pass Ry—See P nil R T Holyoke Street Ry inc 5s 1945 50 M Home Tel & Tel (Ft Wayne;— 1st 6s series A 1943 J&J 104M 1st 5Ms series B 1955 A&O 105M Hoosac Valley Street Ry— 25 M 1st ext 6s June 1' 1947—M&S Houston Elec 1st 6s B 1950.J&D 101M Houston Gas Securs 5s 1952-M&S 101 Called for redemption; 75 64 'H / This price Includes bond prices NOTICE—All are where marked *f" and income and defaulted bonds possible for the closing day of the month preceding the date of issue "and interest" except Quotations for all securities are as near as James River Houston Light & Power— 1st mtge 3 Ms 1966 J&D Houston Natural Gas Oorp— 110M 1st mtge 4s s f 1955 M&S Hudson Co Gas 5s g 1949—M&N Hudson River Trac 5s 1950-M&S 104 Hydro El Bond & Sh 5s 1957M&N Hydro Elec Power Commission (Ontario) 3 Ms 1943 J&J 4Ms due Jan I. 1970 J&J 3 Ms 1947 A&O Deb 2Mb 1941 M&s 2«s 1942A&O Deb 2 Ms 1944__ J&D 3 Ms 1953 F&A 3s Aug I 1948 A&O Idaho Power 1st 3 Ms 1967-. A&O Illinois Bell Tel 3Ms B 70--A&O 1st mtge 2 Ms ser A 1981 J&J HI Community Tel 6s 1949- -J&J Illinois Power & Light Corp— 1st & ref 6a 1953 series A A&O 1st & ref 6Ms 1954 ser B J&D 1st & ref 5s 1956ser O .-J&D 70 126 86 73 77 71 69 69 70 X 68 M 68 M 108 a 101 x 75M 73 X 75 85 86 107 63 108 65 107 X 69 M 70 66 M I08M 71M 72 69 X 31 B..-M&N A&O 30 31 f 7s 1935 J&D Inter borough Rapid Transit— 5e ctfs of deposit 1966 6s ctfs of deposit 1932 7slctfs of deposit 1932 Intercontinental Power Co— 10 11 Coll tr 6s 1957 _ Deb O ser s ... ^ Debs A 6s 1948 International Hydro-Elec System Conv deb 6s 1944 w w A&O Internat J Pow Ltd 6 Ms 1957M&S Deb 6s 1957 M&s Debentures 6s 1955 J&J International Power Sec Corp— 6M % sec bonds 1955 Sec 7s 1957 „ ser 86 ser E 86M 35M 82 X J&D 8* X X F&A J&J15 International RailwayMBuffalo)Ref & impt 3-5s 1965?--.-M&N Buff Trac 1st 5s 1948 J&D International Telep & Taleg— Deb g 4 Ms 1952..J&J Deb 5s 1955 F&A 50 71 66 68 67 69 18 18 23 24 60* 38 M 40 Investors 74 1M X 75 M Iowa Electric Co— 104 M 105 M Serial, notes— 4s Oct 1 1941 102 48 Apr 1 1942 4s Oct 1 1942 4s 102 102 M 102 X Apr 1 1943 4s Oct 1 1943 4s Oct 1 4s Apr 102. „ 107 M 4s 4s 105M 48 10 11 Lone Star Gas 3 Ms debs '53 F&A Long Beach Gas 1st 5s *56--J&D Long Island Lighting— Secured g 6s 1945. J&J Conv deb g 5 Ms '52 ser A.A&O Los Angeles Hermosa Beach & Redona Ry—See Pac Elec Ry Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st ref s f 5s ser A 1948.-.A&O Lower St Lawrence Power— 1st s f 5s ser A 1955 A&O Iowa Pow & Lt 1st 4 Ms 1958 M&S 107 108 M 103 104 Debenture 6s 1st mtge 3 104 __F&A 104 M 105M M&N 103 M 104 Utilities— 1950 ser —M&N / lstMsf7s 1948 M&S _M&N 1960 Ms 1969, Iowa Southern Deb 6s ser A 104 H 1st mtge 4s 1970 M&N 102 M Gen mtge s f 4Ms 1950---M&N Isarco Hydro- Nec Co (Italy)— 1st M « f 7- H52 M&N / 20 Islands Gas & Electric— 71 25-yr s f 5Ms 1953 ser A—M&S 105M 103 M 26M 95 61M 60 63 56 % 58 M 60 60 4s Oct. 1 -J&J 107 21 102 108 75 93 M 80 28 105s»j 105M A 1959 73 2d income 4s 1963 Manhattan Ann O / ws See Investing Companies. Jacksonville (Fla) Gas— 47 46 M 6 5 Certificates of deposit 2d gold 4s 2013 Certificates of deposit A&O / / J&D f / Manila Elec RR & Ltg Oorp— 1st lien & colltr 5s ?53_...M&S Manitoba Power Co Ltd— 1st M 1st M s f 5 Ms s f 5Ms 1952 ser '51 ser J&J B—J&J A 105 M 102 102 1942 1943 104 104 4s Oct. 1 104 103 M 102M 1945 1946 4s Oct. 1 1947 4s Oct. 1 1948 4s Oct. 1 1949. Middle States Util 6s A 1951 A&O Middle West'n Telep 6s '43. .J&J Middlesex Elec Light Power— 5s 1955J&J Middlesex & Somerset Traction— 5s 1950 -J&J Midland Util deb 6s 1938.-M&S 101 100 M 52 97 124 92 58 M 56 M Certificates of deposit 120 1949. J&D "ilwaukee Gas Light Co— 1st M 4 Ms 1967. M&S Minneapolis Gas Light Co— 1st mtge 4s 1950 J&D Minnesota Power & Light Co— 105 106 1st & ref 5s 1955. 100 M 102 1st & ref 4 Ms 105M 107 M&N 106 X 103 M M&S 104 X J&D 1978 Mississippi Pow r Co— 1st & ref 5s 1955 Mississippi Power & Light— 88 M 86M 103 M 109 M J&D J 1st M 5s 1957 Mississippi River Pew 5s '51 - J&J Deb 5s May 1. 1947 M&N Missouri Edison 1st 5 Ms '47 J&D 104 M 101M Missouri Gas & Elec Service— 108 109M 109 109 H 98 M A&O 1st 4-5s 1956 Missouri Power & Light— 1st mtge 3 Ms 1966 J&D 107 F&A 100 M&S 102 Missouri Public Service Co— 125 1st s f 5s 1960 Missouri 86 48 M Telephone— C 1961 4 Ms series Missouri Val Public Service— 6s 107M -J&J 1939 Mobile Gas Service Corp— 27 98 A&O '56--A&O f 104 _._A&0 f 101 *102 M Mob Lt & RR Cons g 5s '41-M&S 96 M Mohawk Valley ref 6s 1991 M&N 1st 5s 1956 1st cum inc 9s ser A 63 65 21 104M 46 2 - A&O 87 101 Monongahela Light & Pow Co— 1st M 5s 1949 ——J&D 121 Debenture 6s 2031 104M Monongahela Valley Water— 65 48 M 4 48" 87 102 X A.-J&J Monongahela West Penn Pub Ser 1st & gen mtge 4Mb I960.A&O 1st M 5Ms 1950 series 110 111M Debenture 6s 1965 A&O Montana-Dakota Utilities— 1st mtge s f 4M8 1954 1st mtge 3 Ms 1961 Montana Power— M&N J&J 1st & ref mtge 3 Ms 1966—J&D Montreal Isl Pow 5 Ms 1957 M&N Montreal Lt Ht & Pow Consol— 1st & coll s f 3 Ms 1956 F&A 86 85 Income 7s 1956 Monmouth Cons Wat 5s '56. J&D Ry (N Y)— Cons 1st guar 4s 1990 102 X — - 58 63 M ser 102 M&S J&D 1st mtge 4s ser A 1965—__ A&O Serial debentures: 52 102M 107M f 48 1950—J&D Milford Water guM5s 102 M&N s 102 101M 101M 101M 40 M 4s Oct. 1 109 114 92 107. s 48 Oct. 1 1944__ Macon Gas 1st mtge 4Ms'52-J&D Macon Ry & Light 1st 5s '53.J&J Manchester Terminal— 1st 106 X Michigan Public Service Co— 4s Oct. 1 85 M&S a 105M 1st mtge 3 Ms 1966. McLaren Quebec Power— 34"" 100 103 4s Oct. 1 1941 op'13 A&O a 105X 1st income 3-6s 1957 w s An Oct Italian Superpower Corp— 5s stamped 1942 J&D Inc deb 6s ser A ws 1952-M&N 1st ref&imp g 5s'48 1st & ref 6s 1954. 30 101M 104 M I04M 1st & ref 68 1943— 1st M 5s 1956 97 Luzerne Co (Pa) Gas & Elec— 1st 1 & ref 5s 1961 Mich Fuel & Lt 6s A 93 M Luneburg Pow L & W W(Germ'y) Iowa Public Service Co— Deb 5s 1968-..- 28 31 ext'49--A&O 1942 1943— 1944.1 1945 1946 1947 1948 92 X 61 F&A / lstsf g6Ms 1944 9 5M « 26 Michigan Gas & Electric Co— X 99 M Leipzig Overland Power— Sf mtge 6 Ms 1946 -M&N Lewiston Gas Lt 3 Ms C '56-A&O Lexington Ry 1st 5s 1949 J&D Lexington Water Power Co— 1st s f 5s 1968 J&J Conv deb 5 Ms 1953 J&J 1 1 1 1 Aug 1 Aug 1 Aug! 4s Aug 64 104 106 110 bds 1952. Michigan Consolidated Gas— 1st mtge 4s 1963 M&S 4s Aug 4s Aug 97 103 M 103 no"" 93 Miami Bridge— Income deb 6s (w-s) Mar 4s Aug 99 A.-M&N B M&S ser 111M 108 M 109 X Metropolitan West Side "L"— 1st gold 4s 1938 F&A / Exten gold 4s 1938 J&J ' Mexican El L 1st M g 5s '42. J&J Mex Lt & Pow 1st 5s '40 s f—F&A / 107 M 63 33 M Metropolitan Edison Co— .M&S 1st M 4Mb 1968 ser D_ .M&N 1st M 4s 1971 ser E 166M J&D 1st mtge 4Ms ser A 1966.M&S Lower Austrian Hydro-Elec— 101 57 32 Serial notes— 4s Aug 1 1941 J&D Iowa-Ill Telep 3-5Ms 1949—A&O Iowa-Nebraska Light & Power— 1st lien & ref 5s :::: 28 59 .A&O f 7s 1957 ser A Mexican Utilities 7s ..J&D 1945 _ 101M 101K 1 1946 Lehigh Valley Transit— Louisville Ry— 1st 4 Ms ext Aug 1 1942 —M&S General 5s 1950 F&A Lowell Gas Light— 102 1945 Lake Superior District Power— 1st mtge 3Ms ser A 1966--A&O Lancaster Co Ry & Lt 5s 1951 J&J 1st mtge 5s 1957 J&D Louisville Gas & Elec Co (Ky)— 1st & ref M 3Ms 1966 M&S Louisv Ltg 5s o3 unstmpd. A&O 101M 4s Apr 1 1944 4s Oct 1 1944 4s Apr 1 1945 106 105 1st ref 8 f 5s ser B 1950 A&O Louisiana Pow & Light Co— 100M Apr 1 1941 A&O / A&O 1st M coll tr 5 Ms '53 ser O F&A 1st col&ref 5Msl960 ser D F&A 6s coll notes ser A 1942 F&A 6s coll notes ser B 1942 F&A Lake Sh Gas 1st 5M" 1950. _M&N Ref & impt g 5s 1960 1st extend 5s 1945 s Metro Wat Sewer—See Fgn 103 Lombard Elec Co (Italy)— 1st extl 7s 1952 —J&D 70 4s 6s 81 69 X J&J 33 Meridionale Electric Co— — 103 a Val RK F&A F&A 1951-.- 36M 39M 52 \ A 1961— 5s 36 M 36M i—»i—» oo t—t-i 1965—M&N Metrop Edison Corp 6s *61-M&S 104 M 77 £ A&O Ann April 3-58 series A 1945 1st mtge 4s ser G 105 98 H „ a Lincoln Gas & Elec 5s 1941--J&D Interstate Power 1st 5s 1957-J&J Deb gold 6s 1952 J&J Interstate P 8 (Ark) 6s 1940 M&S Interstate Rys 4s 1943-_F&A ser 1st 20 75 1st 4s 2M -— 53 A J&J Serv 5 Ms A 1942A&O 1st 98 J&D 1st 5s ser A 1958— Lackawanna & Wyoming 68 . Q-A 1945. Maryland Light & Power— 3-5s series B 1945 Kings County Elec Lt & Power— Purch money 6s g 1997.-A&O KIng8CoElev—See Bklyn-Que ns Kings Co Ltg 1st ref 5s '54... J&J 1st ref 6Xs 1954 J&J Kokomo Water Works— 18 M 77 Int-State Bridge 4-6 Ms '50.M&N Interstate Gas & El 6s 1951--J&D Telephoned 1961-J&J (Stamped mod) ext at 5% to 41 112 1st extend 4s 49 M 69 C J&D — Sec 7s 1952 ser F 107 111 1948 Laclede Gas Light Co— Ref & ext 1st 5s 1939 Ret & ext 5s 1942 31 ser 105"" Co— 104 71 65 Rapid Transit Market st Ry (San Francisco) 1st s f 7s 1940 ser A Q Jan.-— / Maysville P Memphis Street Ry— 1st mtge 3 Ms 98 68 See Phila 105M Debentures 12 30 Ref 66 Market Street El Pass Ry— _ 30 f 6s 1941 14 Ref 130 Keystone Telephone Co— 1st & ref 5Ms 1955 ser A.-J&D 1st 1 & ref 6s 1951 ser B—A&O 86 M&s s 46M 108 95 r Tel— & gen 6-4 Ms ser B 1966 J&J & gen 4s series O 1967-J&J 104M Keystone Public Service— 1st M 5s 1978. M&N 10 84 A&O s 125 Kentucky Fuel Gas Corp— 2M 1st 6 Ms 1942 stamped J&D / Kentucky-Ohio Gas Co— J 32 Ctfs indebt 2s 1958-—-—J&D Kentucky Power & Light Co— 101M 1st m 5 Ms 1948 ser B M&S Kentucky Utilities Co— 104 1st mtge 4s 1970 103 S f mtge 4Mb 1955 -F&A 104 Keokuk Elec 6s 1945 M&N 101M Kewanee(Ill)Pub Ser 6s A *49 J&J 102 M Key West Electric 5s 1956.-F&A 101" F&A 1956-A&O f 5 Ms 1956 Maritime Telephone & Gen Deb gold 6s 2022 ser A.-M&S Kansas Power 4s series A '64 J&J 105M 102 X 74 / / / / 107 X 107 63 M 1st M 5 Ms 1950 ser 1969 — _...J&J Kentucky El Pr lstsf 6sl960J&J 81 22 J&D / f 7s 1941 109 108 M 107 M 106M f s 1st mtg8 3 Ms I960 Maritime Electric 4 Ms 103 X 105 X 1st 1 & ref 5s 1963 F&A ndlana & 8 W Gas & Util— 15-year Marion-Reserve Power— 1st mtge 3 Ms ser A 1966.J&D Kansas Gas & Electric— 101M 101 Indiana Service Corp— 1st & ref M 5s Jan 1.1960-J&J Coll tr 74 107 X 106 X M&S f 6s A 1936 71 105 Kansas Electric Power— 70 110 107M Indiana Central Telephone Co— 1st lien coll 5 Ms 1938 M&N / 148 99 Indiana Gas Utilities 5s 1946. J& J Indiana Hydro-Electric Power— 100M 1st mtge 5s 1958 ser A M&N Indiana Pr 1st 7 Ms *41 A .M&N * 100 s Bridge System—• 1967 -J&J (NY)Telep 5s 1954 J&D 104M Jersey Central Pow & Lt Corp— 106M 1st mtge 3Ms 1965 127 --M&S Jer City Hob A Pat—See P S Corp 105 72"" Jewett City Water 5s 1945—J&J 44 Johnstown Traction 4s Dec 31'62 / 11 • Cons mtge 3s B Dec 31 1962 — / 105M 79" Joplin W W 1st 5s 1957 M&S 104 72 M Kankakee Water 4 Ms 1959.-J&J 103 M Kansas City Gas 1st 5s '46--F&A 105 1st 6s series A 1942 F&A 70M 72 Kansas City Public Service— / 39 1st ref 4s series O 1957 J&J 70 Kansas Power & Light Indiana Assoc Telegraph— 1 st mtge 3 Ms s^r A 1970--F&A Coll tr 2-6s, 101 X 79 __ 6% conv notes 1940 J&D ndianapolls Columbus & South¬ ern Traction 1st 6s 1948--F&A Indianapolis Gas 5s 1952 A&O Indianapolis Power & Light— 1st mig<b 3 M? 1970 M&N Indianapolis Ry 5s. 1967 J&J Indianapolis Water— 1st mtge 3 Ms 1966 -T&J Inland Gas 6 Ms 1938 F&A Certificates of deposit 6Ms stpd 1952 (25% paid) Sinking fund deb 7s 1938.F&A Inland Power & Light Corp— 1st 111 Bid Bonds Ask Mannheim & Palatinate Elec Cos Jamest'n _ 8 f deb 5,M» 1957 Bid Bonds Ask Bid Bonds . 75 PUBLIC UTILITY BONDS Feb., 1941] a 103 M 103 M 105 87 M 67 1st & coll 3 Ms 1963 1st & coll 3 Ms 1973 J&J 65M J&J 64 1949 J&J 66 k Last sale. n Conv notes 3s W a r Called for redemption; see page 111. Canadian price. * Prepayment offer. b Basis. /This price includes accrued interest. Nominal, 76 PUBLIC UTILITY BONDS NOTICE—All bond pric«a an "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 <ssue Bonds Bid Ask Bonds Bid Ask Bonds Bid Ask • Montreal Tramways— 1st & ref g 6s 1941 opt J&J Gen & ref 6s 1956 series A-A&O Gen & ref 5s 1955 ser B A&O Gen & ref s f 4 Ms *55 ser C A&O Gen & ref 6s 1955 ser D.A&O Morgantown Water 5s 1965—J&J Mount Hope Bridge 5s 1969. J&D 2d Income 8s Dec 15 1969. Mountain States "Tel & Tel— -- 76 M 80 N Y & Westchester Lighting— See N Y Gas Elec Lt & Power 44 M 44 M 84 Niagara Falls Power— 79 37M 44 M 105M 85% f 23 109 30-yr 3%s debs 1968 J&D Muncie Wat Works 5s 1965.M&N 105M Municipal Gas & El Oorp of Reclonghausen 7sl947 J&D / 21 65" 25" 109 M Mut Fuel Gas-See Peoples GL&O Mutual Un Tel—See West Un Tel Narrangansett Electric Co— 1st mtge 3Ks 1966 J&J Nashville Gas & Heating Co— 1st 5s 1951 M&N 99 101% 'lOltf 6s series B 1947 102 M J&D Nat Lt & Pow 6s 1949 M&N 66 M National Power & Light— Deb 6s series A 2026 -F&A 113% Deb 5s 2030 ser B M&N 108% National Public Service Oorp— Debenture gold 5s 1978- -F&A f 23 Certificates of deposit / 25 Nat Toll Bridge 6s stmp '39_J&J / M Nebraska Pow 1st 4Mb 1981.J&D 110% Deb 6s 2022 M&S 112M Nev Calif Elec 1st 5s 1956—- A&O 90 % Deb 6s July 1941 J&J 99 M New Amsterdam Gas—See N Y Gas Elec Light Heat & Power Newark Cons Gas con 5s '48.J&D Newark Gas 6s Apr 1 1944 Q-J New England G & E Assoc— Deb g 5s 1947 Conv deb 6s 1948— Conv deb 5s 1950 114 64 M 64 M&N Convertible deb 5s 1962 J&J New Engl Pow Assn 5s 1948. A&O Deb 5Hs 1954 J&D New England Power— 3 %» series A. 1961 M&N New England Tel & Tel— 1st 5s 1952 series A J&D 1st 4 Ms 1961 ser B M&N Newfoundland Light & Power— lsts f 4 %s 1956 J&J New Haven Water— 64 M 64 1st gold 4s 1950 95% 99% 107% 5s stamped 1942 Inc 6s Nov 1949 ... 1st 5s series B 1951 M&N New York & East River Gas—See 115M 109 26" ill"" 123 90% 101 ll6"~ 64% 64% 64 M 95% 99% 106% 107% 112 114 oo 108 82 M 105M 106 106 r—1 oo 65 27 103 103% 1st & ref M 3 Ms ser 11966. Pacific Light & Power Co— 104 M 105 M 4 6 104 M Northern N Y Utilities Inc— 1st lien & ref 7s 1946 A M&N 1st lien & ref 6s 1947 B-..M&N Northern Penna Power Co— 1st & ref 5s 1956^er A 1st & ref 5s 1962 102" 100 103 94 108% 108% 118% 122% 111 Union El 128 126 109M 96 77 7 8 30 9 8M (Loop) 5s g'45-A&0 8M 102 M 101M income 5s 1953. _A&O / Northwestern Power Co Ltd— 1st M s f conv 68 '60 ser A.J&J cum Northwestern Pub Serv Co— 1st mtge 4s series A 1970. -F&A M'western TeW 1 «t 4 M" *44.J&J 14 65 1st M s f 4s 1957 NY PA NJ Utilities— 66 69 3%s Aug 1 3%s Aug 1 4s Aug 1 4s Aug 1 M&N 95 113" A&O 108 108% F&A 1941 1942 1943 1944 1945 1946_ 123 108% 109% 101 Debentures 4s 1946 102% 102% 102% 102% 102% - J&D J&D Oklahoma Natural Gas— 1 st mtge 3 Ms ser B 1955. _F&A Oklahoma Power & Water— 1st M 5s 1948 ser A F&A 106 % 107 M 106 9 % 9% 105 % 106 M Oregon Elec Ry 3s 1958 -M&S Oregon-Washington Water Serv— Ottawa El Ry 4Mb '48-'55.J&J Ottawa Light Hear & Power— Ref & coll tr 4s 1957 A&O 110% 99 M 102 M 27 26 16 105% 107% 105% 107 108 108 109 105% 108% 106% 99% 19&H 97 95 60 . 109 < Wat Serv 5s ser 109% 108 109 105% 106% 107% A '67- F&A Conv deb 5s 1979... 63 109 102 Peoples Gas (N J) 1st 5s '68. J&D 91 lsts f5Ms I960 J&D 96 Peoples G & Fuel 6 Ms ww'37 A&O / 44 People's G L & Coke. Chicago— 1st cons g 6s 1943 A&O 110% Refunding gold 5s 1947.-M&S 117% 1st & ref 4s 1981 ser B J&J 103% 1st & ref mtge 4s ser D *61 .J&D 104 Mutual Fuel Gas g 5s' 47 M&N 116% Peoples Light & Power Oorp— 1st lien 5 Ms 1941 J&J / 130 J&J / • ••* 107% 108% 102% 93 98 113 118 103% 104% 118% 19 Peoples Light & Power Co— 1st lien coll 3-6s 1961 J&J Peoples Tract—See Phila R T Peoria Service Co— 1st s f 5s w w 1954 99% J&D r 99 M 99 M 55% . 103 % 100% 22 66 M Ozark Power & Water Co— 1st s f 5s 1952 M&S 101% -M&N 104 . 105 ..M&N F&A 102% 101 108" Fort Pitt Traction 5sl938 f Pittsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934 J&D f So Trac 1st & coll tr g 5s'50A&0 f United Trac 5s 1997 ctfs.-J&J f West End Trac con 5s '38.J&J Philadelphia Electric— 1st & ref mtge 3 Hsl967—M&S Philadelphia Electric Power Co— 1st mtge 5 M» 1972 F&A Phi la & Garretsford St Ry— — 68 F&A Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f—F&A S f guar 5s 1962 M&S 6s gold 1962 M&S . m r e 6s 1944 ..J&J •Darby Media & Ches St Ry— 1st 4 Ms 1936 J&J tHest Mantua & Falrm— 1st extd 5Msl939 M&N Market Street Elev Pass Union Traction— , £ :::: 4 — * • 6 92 9 4 "5M 1 2M 11 109% 110% 111% 69 103 M 101 104 102 M 25 90 Ry— M&N 103 * lElec & Peo 4s tr ctfs '45 A&O IPeople's Traction Co— P P Ry tr ctfs 4s *43.F&A / Union Traction 4s 1952.J&J 98 oc ^co 103% Company— 1st g gu 4s 1955 r M&N 107 1st —— Serial notes— 1941-1948 A&O Otter Tail Power Co (Minn)— 1 st mtge 4s 1961 J&J 1st mtge 3 Ms 1969 M&S 1st consol 4s 1948.. Prior lien 5s 1948 1st 5s 1955 86% 50 .J&D 3-3 Ms 110% Deb gold 6s 1976 ser A...M&S Pennsylvania Pow & Light Co— 1st mtge 3%s 1969... F&A 4Mb debentures 1974 F&A Penn Water 1st 3 Ms A '67—F&A Penn Water & Power Co—■ f 104% 105 % 104 % 9% 108% 109% 108 M&S M&S M&N A..._ 56 Duquesne Lt 1st 3 Ms '65-J&D 107% Duquesne Trac 1st 5s *30 .J&J f 14 107 F&A ser 103 Secured gold 5s 1967 J&D 106% Ardmore Street 5s 1958. _A&0 3 % f 104 108 M 1st M 5s 1957 42 Pennsylvania Gas & Elec Corp— Philadelphia 108% 105% 106 105% 107% 1st & ref 68 sot O 1947 M&N 1st & ref 5s series D 1954 .J&D Pennsylvania Electric Co— 1st & ref 4s 1971 ser F....M&N 1st & ref 58 ser H 1962 A&O Pennsylvania Gas & Elec Co— 1st f & ref 5Ms *55 ser A..M&S 1st L &Ry 5s 1958 M&S 1st con 5s 1948.. 1st & ref 5s 1950 4s Aug 1 1947 103 Ohio Term (Cleve) 6s 1947.-J&D / 38 Ohio Valley Water 5s 1954 108 J&J Ohio Water Serv 1st 4s 1964. J&D 107 M Oklahoma Gas & Electric— Ms 1966 106 Peoria Water Works Co— Oklahoma Ry 1st & ref 5s *41. J&J / 40 109% 109% J&D Income 5s 1990 Apr 1 / 1 Old Dominion Pow 5s May 15'51 85 M Omaha & Council Bluffs St Ry— 1st extd 4s 1947 ...J&J 54 Ontario Pow 5s '43 op to '13.F&A 103 Ontario Transmission Co Ltd— 1 st gu e 5s '45 opt bef '16..M&N 102% 80 108 107% 108% 109% M&S J&J 97% 108% 109% 123% 100 Pecos Valley Power & Light Co 1st extended 6Ms 1950..M&N 53 Non-cum Inc deb 6s 1950.M&N / 12 Penn Central Light & Power Co 1st & ref 105 4_Ms 1977 M&N 1st 5s 1979 M&N 107 Penn-Ohio Edison Co— Deb g 6s 1950 ser A.——M&N a 104% Deb 5Ms 1959 ser B——.F&A 105% Penn Public Service Corp— Penn 106 M 63 1st mtge 4s, 1962 Serial notes—• Ref mtge 3 Ms ser O 1966-J&D 109 Parr Shoals Pow 5s 1952..-A&O 105 Paterson Ext extd 5s 1950 J&D / 38 Patergon & Passaic Gas & Refmtg & coll tr3ks 1964 J&D Ref mtg & coll tr 3%s '70--J&J 105% 100 M J&D 107% Paterson Ry—See Pub Serv Oorp Pecos Valley Gasext6Ms '44M&N 107 M Gas— 1st & cons 4s 1965; 1st mtge 48 1967 97 Pacific Telephone & Telegraph— Ref mtgle 3 Ms ser B1966.. A&O 60 106 M 75 Northwestern Light & Power— 6s series B 1950 F&A Northwestern Penna Gas— 107% 112 110% 109% 19 / 5s 1949 M&S Paterson & State Line Traction— 5s 1964 J&J 95 1st M 6Ms 1936 with warr.J& D Elevated (Chic)— 1st mtge 5s 1941 opt M&S 104% 107% Pacific Northwest Pub Serv— Conv deb 6s 1950 M& Pacific Power & Light Co— 1st M 5s 1955 F& consol gold 108% Ref mtge 3 Ms ser B 1967—J&J N Y Water Service Oorp— 1st M 5m 1951 ser A M&N 124 108 % lst lien 4-6s 1968 M&N S f reg income 3-6 Ms May 1 *69 N'west Cities Gas 6s 1949—J& • Louisiana 80% 104% 111% 110% 108% . 120 110 M mtge 3Ms 1964 M&S Northern Texas Electric Co— Coll tr s f g 5s 1940 opt J&J f Northern Utilities Cor- 1st mtge 3 106 % 112 107 M 94 M 93 90 1st 3 Ms Aug 1 3 Ms Aug 1 106 53 M 102 M 106 M 106 J&D A&O Northern States Power (Minn) 1st & ref M 3 Ms 1967. F&A Northern States Power (Wis)-— 1st mtge 3 Ms 1968 Ohio Public Service Co— 106 M 98 108 52 M 109% M&N 1st con 6 Ms 1962 ctfs M&N New York Steam Oorp— 1st mtge 3 Ms gtd 1963 J&J New York Telephone Co— 106 M 101M 105% J&J 106 105% 106" 54% 95 Los Angeles Pacific RR— 1st & ref m%e 5s 1943. Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B. 1st & ref M 4s ser G 1964.. 1st & ref M 3 Ms ser H '61. 108 % AdJ income 6s Jan 1 1965.-Apr Bleeck St & F F 1st 4s *60-J&J N Y & Richmond Gas Co— 1st ref M 6s 1951 ser A.-M&N N Y State El & Gas Corp— 44 41H 27 Northern Indiana Transit— 1st income 5s 1964 1st mtge 3 Ms 1972 Ohio Power CoDeb g 6s 2024 103 125% 118% 148 M 120 M 110% 1st 4Mb 1960 1st mtge 3 Ms 1964 New York State Rys— 1st con 4 1962 ctfls Northern Indiana Pub Serv— 1st 3 Ms series A 1969 F&A Nor Indiana Telep 4 Ms '55-M&N 80 53 Ohio Edison Co— 103" 105 116 108% 1st mtge 4s 1965 1st M 4 Ms 1980 Joint 1st mtge 4s ser A *42-J&J North Texas Co 3-6s 1957 J&J Nor Conn Lt & Pr 5s 1946 J&D M&N Los Angeles Pacific Co— Deb 5s 1956 94 F&A Oberpfalz Elec 7s 1946 J&D / 21 Ogden Gas 5s 1945——M&N 112M T—i 1st g 5a 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& ERGas 1stg 5s 44—J&J stpd 1958 Redona Ry 1st 5s '42 108M 4Ms series A 1959 J&D Nova Scotia Light & Power Co— 102 1st lien & -ef 3 Ms ser E'66 A&O N Y Gas Elec LH &P Co— Prior lien 6s 1st coll & ref 5 Mb '48 ser A_ J& J North Penn Gas Co— 1st M & lien 5Ms 1957--.M&N North Shore Gas Co of Illinois— Northwest 11* 50 110M Northwestern Utilities Ltd— New Con 5s 1945 J&J NY&Westch Ltg 4s 2004—J&J Deb g 5s 1954 op guar -J&J N Y & Queens Elec Lt & Powlst & cons M 3 Ms 1965.-M&N New York Rys Corp— Boston Ltg Properties 3 Ms secured notes 1947-- -A&O Nortn Carolina Gas 6s 48--M&N North Continent Utilities Corp— 1st NYGELH&P York Edison Co— lstl& ref 3 %s ser D 1965.A&O 110 108%' Northwestern 68 t-H Consolidated 4 Ms 1954 J&J Newport Gas Lt 5s A 1961.-J&D Newp News & Hamp Ry G & E— 1st & ref 58 1944.-.. J&J New Rochelle Wat 5Mb '51-M&N 1966 M&S Niagara Lockport & Ont Power— 1st & ref 58 1955 ser A A&O Nippon Elec Pow Ltd (Japai 1st msge 6 Ms 1953 J&J Norf & Ports Bdge 6M8 '47—F&A North American Co— 3 Ms debentures 1949 F&A 3%s debentures 1954 F&A 4s debentures 1959 F&A Nor Amer Gas & El 6s 1949..J&J North Amer Light & Power Co— 8 f deb 5Ms 1956 J&J __ 66 rH Newport A Fall River 8t Ry— 70 129 J&D A 103 127% J&J ser 103* 128 M&8 New Orleans Pub Service Co— 1st & ref 5sl9528eries A..A&O 1st & ref 5s 1955series B.. J&D 102 127% N J Pow & Lt 1st 4Mb *60--A&O New Mex Gas conv 5s 1951 M&N New Mexico Power— 1st mtge 5s 1958 J&J New Orleans City & Lake— 1st sf 5s 1943 * J& i New Orleans City RR 5s'43 J&J 100 M 123 .M&S J&D 1st & ref 4Mb n lft«l M&S 1st & ref 4%s D 1983 M&N N J & Hud Riv Ry & Ferry— 109M 75% 80 1st & ref 3 Ms North 108M — Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945 7&A National Electric Power Co— 5s stamped 1978 J&J Nat Gas & El Oorp 5s 1953.F&A Pacific Elec Ry Refunding 5s 13 18 98 103 M • Exchanged for Phila. Trans. Co. 3-6s, 2039, under reorganization plan, t Exchanged for Phila. Trans. Co. 4s, 1969, under reorganization plan. X Exchanged for Phila. Trans. Co. 3-6s, 2039, and pref. stock under plan, a Called for redemption; see page 111. b Basis. J This price includes accrued k Last sale, n Nominal, r Canadian price. _ „ Interest, FEB., 1941] M&S Transportation Co— Consol mtge 3-6g 2039 Phila Scrip a 104 __ 63M 63 J&J / _ _ _ 1st & ret 4s 1969 J&J Phila & West Chester Traction— 1st 4s 1954 J&J 68 91M 90 J&J Phila & Western Ry 5s 1960-J&J Philippine Long Distance Tel— 1st s f 6s series A 1953 J&J Piedmont Hydro-El Co (Italy) 1st & ref sf6Ms I960 ser A A&O Pitts Ganonsburg & Wash 5s 1937 Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 1st 1 & ref 5s 1958 „_M&S Pittsburgh Trac 1st 5s 1927-A&O Plainfleld-Un Wat 5s A '61-M&M Platte Val Tel 1st 4Mb '58--M&N Pomeranla Elec 6s 1953 M&N Portland Elec Pow 6s 1950-M&S Portland (Ore) Gas & Coke— 1st & ref g 5s 1940 —.—J&J 5s stmp ext 1950 J&J 1st l'n & gen 4Ms 1950-..J&J Portland Gas Co 1st 5s 1951.F& A Portland(Me) Gas L 5s A'50 A&O Portland General Eletric Co— 1st & ref 4Ms 196u M&S 1st M 5s exten to 1950 J&J Portland (Me) RR 3 Ms 1951-J&J 1st 1 & con m 5s 1945—M&N Porto Rican Power 6s 1950.M&N Porto Rlcan Rys Ltd 5s 1962M&N Postal Teleg & Cable 5s '63-J&J Potomac Edison Co— 1st mtge 58 1956 ser E—M&N 1st M 4Hs 1961 series F--A&0 Potomac Electric Power— 1st mtge 3 M s 1966 J&J power Corp or Canada Ltd—_ Conv deb 4 Ms 1959 SerB.M&S Conv deb 5s ser A 1957—J&D Power Secur coll tr 6s *49. _ J&D Providence Gas 4s ser B 1963 F & A Provincial Light Heat & Power— Richmond 55 8 1st M 5s 1957 Richmond (S I) Lt 1st coll tr 29M 5 103 M 17 107 100 22 30 19M 21 95 89 96 90 88 85 102 M 83 106M 93 M 101M 72 M 94M 17 H 109 110M 110M 4s 72 74 70 73 101M 57 M Gen 107 3Ms Mar 3 lis Sept 3 Ms Mar 3 Ms Sept 3M« 3%% <Hb 3Ms ikl ! TAi 3 Ms 3 Ms 3 Ms Mar Sept Mar Sept Mar Sept 1944. 1945. 1945. 1946. 1946. 1947. 1947. 1948. 1948. 104M 1949. 1949. 104 4s 98 M A&O A&O outnern United 2A* 70 96 Gas Co— Non-cum 6s (wg) 1st M 72 123 52 1951—----- / 5Ms May 1. I960.-M&S 102 100 125 1st s 92 M&N f 6s 1954 60 8 103 m 73 M 12 M 69 112 111 111M 100 102 103 M 105 101M 103 103 77 77 1st M 6s 109 M 107M 107 107 106M 105M M&S 1948 1st 6s 1949 §1* 86 — - 71 108 A&O E>rlng Val Util ref 6s 1943— J&D pringfleld City Water— 1st mtge 4s ser A 1956 A&O 31 prlngfleld (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D 1M Springfield (Mass) St Ry— 110M 109 M 28 M&N / 1947— M&S 1947 -J&D Telephone— 1st & ref M 3 Ms ser B '64. J&D 1st & ref M 3s ser O 1968 J&J Duthwestern Gas & Elec Oo— 1st mtge 3Mb ser A 1970--F&A Duthwestern Light & Pow Co— 1st mtge 3Ms ser A 1969..J&D Duthwestern Power & light— Deb g 6s 2022 series A.—-M&S Duthwestern Public Service Oo— 1st M s f 6s 1945 ser A J&J Duthwestern States Telep Co— 1st 6s series B 1st 68 series O Duthwestern Bell 66 M '57.M&N / X 1st ref 5s 1965 106 105 104M 138 M Ref & gen 6s 1940 6s deposited 1940 M&S 75 San Jose Water 1st mtge 3Ms ser A 1901—J&D Santa Barb Tel 3 Ms ser C'66 J&J 104 107 M lford Water 1st 5s 1952..J&J 127 Works— Ry debenture 101M 1st lien & coll 5 Ma *53—J&D Pub Serv Coordinated Transport 1st & ref 4s 1990 J&J 1st & ref 5s 1990 ...J&J 1st & ref 5Ms 1990 —J&J 1st & ref 6s 1990 J&J Public Service Elec & Gas Co— 1st & ref M 3 Ms 1968 J&J 1st & ref 5s 2037 J&J 1st & ref 8s 2037 J&D 105 106 105 158 109 F&A 92 92 Scranton Trans ser 4s series 109 81M B1959 Income 3sApr 83M 100 M&S 6M ~ 79M 74 80 M 105 M 106M 88 87 67 67 71 A&O (Japan)— 102 M 108 6_Ms 1952 J&D Shrevp't Bdge & Term 5s'55.F&A Shreveport Rys— Gen Income 4s (w-s) 1957-A&O 111M 49 M 74 150 154 82 M Shinyetsu Elec Pow 110 100 104' 104 108 218M 1st sink fund Silesia Elec Corp s f 6 Ms'40 .F&A Sioux City Gas & Electric Co— 92 M 101M 100M 66 112M 88 M J&D Called for redemption; see page 74 111. 101M 101M 101M 5s 1942-1940 Sioux City (la) Serv 21 106 22 14M Ry 1st 5s 1951 A&O 117 Syracuse Gas g 5s 1940 J&J 130M Syracuse Lighting 5s g 1951-J&D 32 Syrac Rap Tr 1st g 5s 1940-M&S 2nd mortgage 5s 1930 J&J / 12 1st M 5s 1943 Ref s f 6s series F&A A 1855—M&N 25" Texarkana Wat 1st 5s '58-.F&A 107 mtmmrn 100 26" J&J 105M 107 M M&S / 31 Texas Hydro Electric Corp— 84 1st mtge 6s ser A 1956 A&O 100 M Texas Pow Corp 6s 1958 .M&S 98 General 6 Ms 1950 M&S 1st 2-6s 1951 105 67 M 89M South Carolina Power Co— Texas Power & Light— Deb g 6s 2022 ser A 75 104 M 103M South Jer G E & T—See Pub Serv ice Cor P 1st & ref 5s 1950 Texas Pub Serv 1st 5s 75M 111M Texas Electric Service Oo— mtge 5s 1960 Texas Gas Utilities Co— 101 /This price includes accrued Interest. 79M 100 101M Hydro Elec 0M's 1953-F&A / 24 Light— 110M 1st con M g 5s 1944 M&N Mtge g 4s Dec 1, 1943—_ J&D South Bay Consolidated Water— 1st ref 5s 1950 M&N 73 M 100 Terre Haute Traction & 1st 1st lien & ref 5s 1957—J&J 47 44M 104 Tennessee Eastern Elec Co— 50 Somerset Un & Middlessex Ltg— b Basis. 100 14 / 46 Syracuse Transit 4s 1969 42M Taiwan El Pow s f 5 Ms 1971 J&J 103 Tampa (Fla) Gas 5Ms *50--A&O 98 1st 5s 1961 A&O 68 M Telephone Bond & Share Co— 78 M Deb 5s 1958 J&D 68 M Telephone Service (Ohio)— 73 5s 1953 M&N loo" Temescal Water 1st 5s A '60 M&N 100M 102M 6sl951.J&J 100 88 M 88 M 90 / J&J J&J 3s 1941 101 ..M&N A&O 81 Tern! J&J 1st mtge 4s 1966 Serial debentures— 93 M 80 - Shenango Valley Water— 4s series B 1901 108 H 80 M 107 Shawinlgan Water & Power Co— 1st M&col s f 4Ms'67 ser A A&O 1st coll tr 4Mb ser D 70-A&O 1st coll tr 4s ser F 1961 A&O 1st coll tr 4s ser G 1969.-J&D Conv coll sec 3 Ms 1940.-M&N 108 M 78 M Standard Public Service Oorp— 1st lien 6s series A 1948 F&A 1st lien 6s 1948 ser B J&D Standard Telephone Oo— Steubenville Wellsburg & Weir ton Seconu Ave Trac—See Phila Oo— 128 78 78M Stettin Pub Util 7a 1940 61 A&O 78 78 Standard Power & Light Oorp— Deb g 6s 1957 F&A Conv deb 6s 1938 81 11959——M&N / Seattle Lighting Oo— 1st 5s 1944 78 ..F&A 1st 1 coll tr 5Ms *43 ser A.M&N Certificates of deposit 100M Seattle Gas 1st 5s 1954 95 Debenture 6s 101M 100 M B1961.F&A A 5s'59.A&O A&O 1st & ref 5s series 95 F&A J&D 104 M 103 M 1st 4Mb 1958 M&S Scranton-Spg Brook Water Serv— 1st & reffts 1967 ser A Power— 1st & coll 4sl962 —..M&S Queensboro Gas & El 5s '52.J&J Conv g deb 5 Ms *52 ser A. A&O ~5M Scranton Gas & Water Co— 154M Corp-— 1st M 5Ms 1948 M&S Puget 8ound Power & Light— 1st & ref 5M" 1949 -J&D 1st & ref 5s 1950 ser O—M&N 1st & ref 4 Ms 1950 ser D.J&D 104 1966 J&J 106" Sayre (Pa) Elec 5s 1947 A&O Schenectady Ry 1st 5s Mar 1, *46 * 93 Scioto Val Ry & Pr 1st 6s *43-J&D 1st mtge 3 Ms 105 '48--A&O 1906 6s gold debs 1957 Savannah Gas Co— & Trac— Guar g 5s Marchl ,1953.M&S Public Service Co of Nor 111— 1st mtge 3 Mb1968 ...A&O Public Service Co or Oklahoma— 1st mtge 4s ser A 1966 F&A Public Service Co of Pa— QJ 1955.M&S 1st & ref M 5s ser F May 1 *48- -A&O 6s stmp ext May 1 Debenture 0s 1951 100 M 105 Savannah Electric & Power Go 1st & ret 4s ser D 1947 104 6s stmp ext 108 M Savannah Elec Co 1st 5s 104 Republic Service Corp— 1st coll trust 5s 1951 ' 74 72 4MS 1943.-J&D '52.J&J 104 49 Convertible notes— Sandwich Windsor & Amherstb*g 104 *44-A&O 99M 95M Corp— B..M&S 104 1950—J&J Sf Gas— Union 92 101 San Joaquin Lt & Power Unif & ref 6s 1952 ser So Jeisey Gas El a outhern 1st & ref 5Ms series 11945 1st & refine 5 Mb ser IF45 108 M&S 1970 1st M sink fund 6M« Deb s f 7s 1942 104 '54.M&N Elisabeth & Trent 5s '62.A&0 J O Hob & Pat 4s 1949—M&N Quebec 107 127 104 Ells & Raritan Rlv 5s Public Utilities Consol 101 106M 124 104 Trust certs 6% perpet-.-M&N Camden Sub 1st 5s 1940-J&J Ells Plalnf & Cent Jersey Ry— Peterson Ry— 2d 6s '14 ext 5% to 100 1st M pipe line s f 4 Ms '51 A&O outh N E Telep 1st 5s 1948. J&D 10-year coll s f 6s 1942—A&O 107 M Apr 15 1941 104 1st mtge 3 Ms ser O 1960—F&A 1st mtge 3 Ms ser D *60—M&N 1st 3 Ms series E 1961 F&A 1st 3 34 s series F 1966 J&D Public Service Corp of N J— Dec 1, — 49 San Francisco Bay Toll Bridge—- Public Service Co of N H— 1st g 5s - 65 M 64 / F&A F&A 1st mtge 3 Ms Serial notes— 103 M 104 M 104 M 104 M 65 a outhern Traction—See Phila Oo F&A 6s 1943 102 H 1942. 1943. 1943. 1944. 101 59 Adj mtge inc Jan 1 6s *60_ A&0 . . „ 101M 1942. 102% 101 1971 • 101 San Angelo Telep 1st 5s 1958 F&A San Antonio Public Service— 100 102M J&J 1st mtge 38 108 M Salt River Valley Water Users Aasn 6s 1941 -..-.F&A 6s 1942 54 106 IIII Salmon River Power— 107M 107 M debentures— 3Ms Mar 3 Ms Sept 3 Ms Mar 3 Ms Sept 3 Ms Mar 3 Ms Sept 92 110 A&O Guar 5s 1952..J Public Service Co of Indiana 1st mtge 4s ser A1969 M&S 3^sMar 1 1941 1941. 3 Ms Sept 90 130 109 M .....M&S gold 5s 1944 74 105M 102 M 4Ms series B 1970— 26 53 A&O 1st g 6s 1947 series A J&J DUthern Counties Gas (Calif)— 1st M 4Mb 1968 M&N St Paul Gas Light— 56 M 106 M 72 A&O DUthern Colorado Power Oo— St. Maurice Power— 22 104 105M A&O 1st lien & coll 5s 1958 89 M 103 % 4Ms Jan 1 1943 .... Joseph Water 4s A 1968--A&O a 105 106 St Louis Co Gas 1st 5s 1951.A&O St Louis Public Service— 72 1st mtge 5s 1959 M&S / 12M Conv n-c inc 4s May 15 1964. 111 106 Serial 87 M 104 debentures— Jan 1 1942 107 103 M M&S DUthern Cities Utilities Co— Water Pow Corp— f 4Mb 1979 J&D Saguenay Power 4 Ms A 1966 A&O 1st 4Mb series B 1966 A&O St Clair County (111) Gas & lst cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st mtge 4Mb 1947 J&D Serial 15M 69 M 110M Co— 4Mb 1962 99 St 109 M 100M 1958.M&S 3s 1965 Ask 108 M 107 M oo 3s debentures 1979 _J&J rmthern California Edison— 1st mtge. 3 Ms, 1970 DUthern Canada Power— 98 13M 66 M 110M A&O 3M* debentures 1962.—- 1st & ref mtge Safe Harbor 109 M J&D J&D 1st mtge 334s 1964 s f debs 1949 4s 1952 -J&J valley Gas Co— f4Mslnc A notes 1941 x-w DUthern California Gas 105 1st mtge s 70 17 M S I 105M -M&N & RR— 47 S f 4Ms inc B notes 1958.M&S / 105 Rome (Ga) Ry & L 5s *46—A&O 28M Ruhr Gas Corp 6 Ms *53 A—A&O / 107 108 107 4s i 26 5s 1950 A&O Roanoke (Va) Gas Light— 1st 5Ms 1951 --F&A Roanoke Ry & El 5s 1953—F&A Rochester Central Power Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4 Ms 1977 ser D.M&S Gen 3M* series H 1967-. M&S Gen mtge 3 Ms ser I 1967.M&8 Gen mtge 3 Ms ser J 1969-M&S Rochester & Lake Ontario Water Extend 5s 1951 M&S Rochester Transit Corp— _ 5s 1946 M&S Fru&sian Elec 6s 1954 F&A Public Gas &Ooke 5s 1952..J&D Public Service Co of Colorado—- 26 1st mtge 20 1st lien 6s 29% 29M t Rto Grande 81 __J&D f J&D 1st lien 6s 1944 26 . Bid Bonds | (Ind) W W Corp— 44 _ _ 21 (Germ'y) M&N M&N Con mtge 6s 1953-—--—F&A Cons 6s 1955.. ....A&O Rhine-Westphalia El Pr Mtge g 7s 1950 Direct mtge 6s 1952 , 1st 6s 1954 Union— ..J&J f Rhine-Ruhr Water Serv ICxtl deb 6s 1953 Co— Phils Suburban Water 1st s f 4s 1965 and income and defaulted bonds month preceding the date of Issue Ask Bid Bonds A*k Bid Bonds 77 BONDS PUBLIC UTILITY prices ere "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the bond NOTICE—AH Jt Last sale, n J&J M&N (w-s) 1961- 121H 108 103 M Nominal, r Canadian price. 107M 78 PUBLIC NOTICE—All bond prices are Quotations for all securities Bonds Bid Third Avenue Ry (New York)— 1st ref g 4s 1960 opt aft *14 J & J AdJ inc g 6s Jan 1960 opt. A&O f Third Ave RR 1st 5s g 37.-J&J Union Ry 1st 5s g 1942..F&A 21 93 94 75 1st f 7s s 1955 ser 99 94 68 70 1st g 6s 1953 series...J&Dl5 Toledo Edison 394* 1968 J&J 1st mtge 3 94 s 1970 A&O 46 Traction Term'l Corp 5s '57..J&J Trenton O & El g 5s 1949__M&8 128 94 Trenton St Ry ext 5s 1968—J&J / Troy City Ry 1st cons 6s 42 A&O / Twin City Rapid Transit Go— 1st lien & 103 94 75 . 40 294 594s A 1952—J&D 1st lien & ref 5 94s I* J952 -J&J rei "394 4 61 6194 57 X Twin States Gas & Electric— 1st 1 & ref 5 94s 1945 Ser A.M&S Tyrol Hydro-Electric Pow Go— lit Ms f 7^8 1955 M&N Guar s f 7s Union Gas Go. of t 1st serial 4s 1940-42 1st serial 4 94? 1943-45 105 % 101X 1st 61 61 63 67 X Mut Un 6s 69 94 Union Gas System— 78 80 22 73 - 9094 108 94 8894 120 87 9594 103 794 ... 24 106 10494 101 x 76 9194 109 89 X 12194 89 96 s f g 5s 1940 Certificates of deposit J&J Waukesha Gas & Electric Oolst 5s 1959 J&J West Canadian Hydro-Electric— 1st 6s ser A 1950 J&J Oonv deb 694s 1945 J&J West Coast Telep 1st 4s '64.M&S West End St Ry—See Boston El West End Trac—See Phila Co 4s June 1 •No par value, * 8k F&A M&N 64 65 44 ♦ 110 10694 103 10194 494% 103 86 Amer dep rec 107 85 41 82 103 X 100 American * ..25 25 * 59 k com com Class A b Basis. 30* 113 394 194 Ilk 1294 28 294 4294 3494 42 X 35-94 91 93 1494 294 16394 7c 594 * 6 * 95 6 * 10 694 66 k 2 94 ~2X 294 10* 2 94 694 164 17c 6 094 95 10514 7S7h 794 79 894 48 IX IX 8 ♦ 98k 194 1*4 894 ...» 50c * * 94 ... ser 86 26 2694 37 100 7 94 15 111 109 157 12 94 107 109 105 1.20 48 1294 11394 115 90 75 93 102 X 102 X 105 42* 109 k 7 1059-2 I..100 100 100 100 Cincinnati Gas & Elec 5% pf 100 Cincinnati Street Ky 50 Otncin & Suburb Bell Telep 50 Cities Service com..— 10 Preferred .1 100 — Preferred B * Preferred BB Cities Serv Pr & Lt $6 pref * $7 preferred • Citizens Gas Fuel com * Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co - com kXast sale, 194 86 * Central States Pow & L $7 pf..* Cent Vermont Pub Serv 6% pf-* Central West Co v t c 5 Obic City & Con com part ctfs..* Pref partlc ctfs.. • /This price, ncludes accrued interest. 2 . 4594 100 com Prior Ilea preferred Central States Edison Citizens Utilities 19 9394 99*4 11594 107 94 pref 100 Chicago Rys partlc ctfs - 18 k 9894 100 6% preferred Cent & S W Util - 13*4 50 Cent Ohio Lt & Pow 6% pf Central Pow & Light 7% _ - 13 £1 50 Preferred 10594 1 • 18 94 3c com Series 2 * 38 14 10c 5% preferred Series 3 Series 4 * 494 3594 37 180 Central N Y Power Oorp— 94 —25 32 k 49 94 34 £1 5% preferred- 57 94 50 common . 3294 489-4 494 6 — 28 94 * Arizona Power $6 preferred Arkansas Missouri PowerCommon.; 6% preferred Arkansas Nat Gas 3 17 394 1594 % 56 94 694 100 . 108 116 150 494% preferred 100 Cent Illinois Light 4 94 % pref. 100 Cent 111 Pub Serv $6 prerl * Cent Indiana Gas 694% pref. 100 Cent Indiana Power 7% pref. 100 Central Maine Pow $6 pref.. .100 6% preferred..— 100 $7 preferred 100 17 94 • com 76 494 5194 A ord-.£l 6% preferred 16 94 * —. 83 94 7X% [Cent Hud G & El 1 » - 54 80 5 Oasco Bay Lt & Water..—...100 6% preferred 100 Central Arizona Lt & Power Oo— $6 preferred $7 preferred Cent Arkan Pud Serv Oorp pf 100 Central Elec and Tel com... 1 25 Telep & Tel eg Edison ill. 104 1 Appalachian Electric Power— 494% preferred 100 see 101 16 * 6% preferred Amer Wat Wks & Elec $6 1st preferred Arizona 90 11294 Amer Utilities Service 8.0 12894 9894 98*4 100 com 11194 ell25 6% preferred series of 1927.100 6% preferred 100 Oalif water Serv fl% pref 25 Calif Wat. r& Telep 6% prer.._25 Camden & Rockland Water.-100 6% preferred -—100 Canada Nor Pow com Canadian Marconi.. l Capital Transit (Wash. D C) 100 Carolina Pow & Light $7 pref ..» $6 preferred. Carolina Tel & Tel—.100 107 k oreforrcd First 56 preferred Preferred $6 series 10894 107 * * . 594% preferred Amer Superpower Corp 10994 105 122 51 86 10 pi ®ferred. a * c Amer dep rets 594% pref Ualif-Oregon Power Co— 108 79 * $5 preferredi.» _* Amer Public Serv 7% pref. —100 Amer Railways com... 50c American Service $3 preferred. .* Amer States Utility com 1 86 11194 9X 9X 48 com Light & Traction. preferredAmer Powe. & Light com 107 X 10794 1072,u 294 1494 94 2994 American 10394 10194 f6 84 cum 5 9*4 103 94 157 Ordinary shares 10694 4 Amer Gas & Power com YY ftlTciQtjS 112 R)0 v -_ 1 $7 preferred$7 second 2nd pref series A $6 cum pref. 102 • Brooklyn Union Gas —.* Buffalo Niagara & East Power— 31 60 prior preferred 25 >5 1st preferred • Jable & Wireless Ltd— 103 9894 Warrants 10194 102 H 1.85 142 20 94 10894 101 88 ... Radio Corp Amer & Foreign Pow com 109 X 33c - Alabama Water Service6% pref.* Allegheny Traction—See Phila Co Allentown Beth Gas pref 50 Amer Gas & Elec 100 ord—!_.» 67 104*4 21 Elevated Ry com Certificates of deposit._...* Bklyn & Queens Transit coin • 66 10994 PUBLIC UTILITY STOCKS. 49* 2 - 50 Brooklyn Edison 4794 Bklyn Manhat Transit $6 preferred series A— 3394' 101 Amer Cable & 3H W common. preferred. Amer dep rec B ord Alabama Power $7 pref $6 preferred $5 preferred 194 12394 70 1st & ref 3-6s 1971 A&O i 11 Yonkers Ry—See Third Ave Ry York (Pa) Gas 1st 5s 1941.M&N 10094 York Haven Water & Power— 1st 5s 1951..-. J&D 128 York Rys 1st Mr 5s'37 opt. J&D 98 5s stamped 1947 J&D 9994 10694 104 J4 10194 prior Brockton Gas Light Oo Wuerttemberg (Germany)—Bee Consol Hyaro-Elec or Wyoming Valley Public Serv— 44 3 108 25 com Bridgeport Hydraulic Co III20 Brit Col Pow Oorp A-..-.... ♦ Class B 103 94 10894 U94 * Brazilian Tr Lt & Pow Br'dgeport Gas Light 104 101 46 100 100 Blacks tone Vai Gas & El pref. 100 Boston Edison Oo com 25 2594 10594 32 394 I? :::::: ♦ 6% pref_..i6o Birmingham Water Works— 6% preferred 83 102 Cum income 6s 1952 J&D Cum income 6s (w s) 1952-J&D 40 a Called for redemption: page Ex-dividend. 100 if » .. Birmingham Gas Boston M&S 1941 6% preferred price. 21 94 ♦ Associated General Utilities— See Investing Companies Associated Public Utility * Assoc Telep Co Ltd 11.25 pf—_• Assoc Telep & Teleg $6 prer__._* $3.5 \ M&N Wisconsin Public Service Corp— 1st mtge 4s 1961 J&D Wolverine Pow adj 4 94s Mar 1 '59 Worcester Transit Association— 101 x .... 1st M 103 94 103 94 134 M 5^s 1953 J&J 84 M 5s 1955.— M&N 83 1st lien & ref 68 w w I960.F&A / Washington Gas Lt 5s *60. _M&N 128 Washington Ry & Elec Oo— Consolidated 4s 1951 J&D 109 A&O 1st guar 5s 1949 A&O Olty & Sub 5s g 1948...-F&A Washington Water Power Oo— 1st mtge 3 94« 1964 J&D Waterloo Ced Falls & No Ry— 1953 3 94s 1966 A&O Wisconsin Hydro Electric Co— 1st M 5s 1947 .A&O Wisconsin Michigan Power Co— 1st mtge 3 94s 1961 J&J Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D 123 1st 1949 f 6s Wise Elec Power 3 94s 1968.A&O Wise Fuel & Lt 1st 5s 1948.-M&N Wisconsin Gas & Electric— MX 1st Pot 5s s Gen inc 4-5s ser B 1965—.J&J 1st mtgo 3Xs 1960 J&J 40 United Securities Co Ltd— Coll s f 594s ser A 1952-.M&N 4294 Colls f 5 94* ser B 1952..M&N 42 X United Tel & Tel 594s A '53.M&N 102 1st lien 6s ser B 1953 M&N 102 X United Traction (Albany)— Con g 4Hs 2004 J&D t 594 Unit Trac (Pgh)—See Phlla Go Unterelbe Power & Light Go— Sink fd M 6s 1953 A&O f 21 Upper Mich Pow & Light— 1st mtge 4s ser A 1959 F&A 102 Utah Lt & Tr 1st 5s 1944 A..A&0 103 h Utah Power & Light Go— B_—J&D 1st & ref 68 ser O 1952.—M&S Debs f 6s 1946 F&A Washington Gas & Electric Go— 1st if 594» 1947 F&A 78 Serial debentures— 102>4 10294 United Railways of Havana— Eq 794s Feb 16 1936---.F&A / United Rys of St Louis— Gen g 4s July 1 1934—__J&J / City & Sub Pub Serv 5s '34.J&J f ser 77 10015sj 1st M 5a Aug 1952ser A—.F&A CoGen 4-5? series A 1965 J&J - Utilities Oorp— 1st & ref 5s 1950 M&S 1st mtge Oonv coll tr 6s A 1960 J&J Oonvcolltr 6^sB 1960—J&J United Rys Gob 4% ctfs *49.J&J Anacost & - - 91 United Lt&Rys(Me)6s A'52 A&O Deb 6s 1973 J&J Un Lt Rys (Del) deb 5 He.52 F&A Ry— 1st 494s 1941 M&S Vermont Ltg Oorp 1st 5s'44 A&O Vesten Elec Ry 7s 1947 J&D Virginia Electric & Power— 1st & ref M 394s B 1968.-M&S Virginia Public Service Oo— 1st & ref 5 Vis 1946 ser A..F&A 7794 Winnipeg Electric - Utlca G & El ref & ext 5s *57 J&J Oo Bldg (Kanata Realty)— 5a 1956 —F&A Utlca & Mohawk Valley M 1st M 5s 1941 opt.-, Wichita Water 6s 1949 1st M 5s 1956 ser B 1st M 5s 1960 ser O Williams port Water Co— 103 1st 1 & consul 594s 1959. A&O Deb g 6s 1975 M&N May 1 2022 M&N 1st lien gen M 5s 1944 F&A 1st lien & gen M 4 Mis 1944.F&A Utica El L & P 1st 5s 1950—J&J 7794 8194 10394 P 94 » Bell Telep of Pafi94% prefI-II56 Beverly Gas & Elec 25 Biddeford & Saco Water.-.-.100 Birmingham Elec %7 pref $6 preferred. I.. 10394 J&D . 94 ...» 7% preferred J00 6% preferred .100 Bear Mt Hudson River Bdge_. * Beauharnois Light new Bell Telephone (Canada) 100 Canadian Price. 77 5%to'4lK&N 15c — 75 15c * I» 8angor Hvdro Elec 94 9294 8494 "5c 1 — 101 10294 83 Atlantic City Elec $6 pref. • Baltimore Transit Co vtc --II* Preferred v t c. .100 10294 J&J / Wheeling (W Va) Electric Co— Union Ry—See Third Ave Ry Union Traction—See Phila R T 10094 10894 Ask 9194 1 _ ... $7 1st preferred $4 preferred oiass A Atlanta Gas Eight 10494 J&J M&N Western Utilities Corp— 15-year s f 6s 1952 M&N Westmoreland Wat 5s '52--J&D 1st 11794 at 94 109 Westphalia United El Pr (Germ) SIX Unit Elec Go of N J 4s 49.-J&D United Elec Rys (Providence)— Gen ref M 5s Jan 1951 ser A__ Gen ref M 4s Jan 1951 ser B.. United Electric Service (Italy)— Exti 1st s f 7s 1956 ser A ..J&D United Gas & Fuel (Hamilton)— 1st i f 594s 1948 J&J United Light & Power Go— Deb g 694s 1974 M&N e -t 107 k 107 Western Public Service Co— 1st & ref 594s 1960 F&A Western Union Telegraph— Fdg & R E M 4 94s g '50- -M&N 63 J&D J&D Union Water Service Go— First lien 594s '51 ser A.M&N 10794 M&N M&N 1951 5s series B 1950 Deb s f 6s extd 1950 10594 102 94 -J&D 6s 594s 1950 M 5s • 88 Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s *50.-J&D 128 Gen mtge 394s gtd 1967.—J&J 10794 Westchester Service Oorp— 4s 1948-1953. 4 ...A&O Western Gont Util 6s 1944.-M&S / 294 25-year g 5s 1951 30-year 5s Mar 1 I960.. 76 106 k A&O 1st 86 1st M & coll s f 5s 1948—J&D Union Passenger Railway— 1st 4s Mur 31 1961 A&O 2d ext. 4s Mar 31 1960 A&O Deb 1st mtge 4s 1961 Canada— 1st 4 94« L950 United Public 1st mtge 3 94s ser A 1969.M&N West Virginia Ohio River Bridge 3 94-694s, 1960 J&J West Virginia water Service— ♦ _* $8 preferred $694 preferred $7 preferred 77 1st M Union Electric Go of Missouri— 1st mtge & coll tr 3 k« 1962 J&J 8% notes.1942 J&J Union Kiev RR—See N W Elev 394s 1956 Bid Arkansas Pow & Lt $7 pref 6% preferred Associated Gas & Elec com Common class A Original preferred $4 preferred. $5 preferred 92 27 UJigawa Elec Power (Japan)— 1st M s f 7s 1945 M&S 16 108 A&O 30 -V 11094 10894 11694 Western N Y Utilities 5s 46. J&D Western N Y Water Oo— 104 X F&A 1952 J&J M&S 115 Ry— 4694 107 h 108 107 102 k 73 A&O f debs 1960 s 11394 10994 M&S 107"' 2d extended 5>4s 1956.._M&N West Texas Utilities Oo— 107 Stocks 10594 1st M 3s ser K 1970 Penn Tr 1st 5s 1960—J&D West Philadelphia Pass 1st ext A...M&S15 Ask 101 West 99 Tokyo Elec Light Go (Japan)— 394s 1st M 5s 1963 series E 1st M 394s ser I 1966 9494 70 Tide Water Power 1st 5s '79-F&A Toho Electric Power (Japan)— Bid Bonds 20% Westchester El 1st 6s g '43. J&J Yonkers Ry 1st 5s 1946-_A&0 except where marked "ff" and lncom* and defaulted bonds possible for the closing day of the month preceding the date of issue West Ohio Gas 1st s f 5s 1958J&J West Penn Elec deb 5s 2030.A&0 West Penn Power— 6194 BONDS UTILITY interest" Ask 61 _ "and are as near as 94 106 ■J* 57* 594 54 9594 9594 h ik nNominal, r Canadian possible for the closing oay of the month preceding the date of Issue Quotations for all securities are as near as Par Stocks Oltizens Water Co of Wash * 39 113 common.. $6X preferred 103 Cleveland Railway —100 Coast Co Gas A El 5% pref 25 Coluin U & El Corn ^oel) com..* 28 X 27 X 6% preferred series A 100 5% preferred 100 5% conv preferred 100 Columbus A Southern Ohio Elec— 79 X 100 100 113X Commonwealth Edison Co..—25 28X . 6% preferred A ... 6)4 % preferred B 4X 68 X 57 114 .....1 85c Commonwealth A Sou Corp com * * Commonwealth Gas >31 Optional warrants $6 preferred 50 Commonwealth Tel (Pa) 7% pf 20 6 Commonwealth Utility 6X % pf-~ Commonwealth Water Co— 101X 100 5)4 % preferred 106X Commonwealth Water A Light— n $5 preferred ses Investing 22 5 46* 36 37 X 45 X 54* 47 X X 15 12 110 22 X 106X * 75 80 20 21 Lone Star Gas Corp 52 X 53 X We % Long Island Lighting com * 7% preferred A 100 6% preferred B 100 Longview Bridge class A 5 Louisiana Power A Light $6 pf-* 46 lOt PhUa R 1 Continental Telephone 6)4 % pref 7% preferred Crescent Public Service com..—1 2X 25 Manchester Gas pref 100 Manhattan Railway 7% guar Certificates of deposits-.. * preferred 25 32 25 * 33 X 1 20 Harrisburg Gas 7% preferred-100 Harrisburg Rys common 60 55 Bridge 11 58 X IX 116X 6% preferred .. 1 ...100 * 110 116 117 25 28 113 114 75c 15 14 61 59 * Detroit Edison 101 Detroit Int'l Bridge com — 100 10X 113X 2X 3 76 Light—See Phila Co- • * -* c.. 1 * * 11 1 17X * 100 14X 15X X 3X Hudson & Manhattan X 3X 5% non-cum preferred100 Huntington Water 7% pref—100 7% pref 6% 1st preferred Comm'T Telep 6% pref Ill —. ~3~~ 50 10 7 3X 7X 2X 6X 92 89 3 Indiana A Michigan 38X 55 1.25 6% preferred 100 Hydro Elec 7% pref.100 Indiana Service Co 6% pref. .100 7% preferred 100 Indiana Telephone Corp .100 Indianapolis Power A Light— East Snore Pub Serv 6X% pf 100 93 100 25 91 94 19 22 * 26 27 .. * 5 85 X 12X 3 IX 16 14 97" 3X 3X 2X 100 100 3X 62 X 64 55 $6 preferred $5 preferred Electric Ferries common. .._.._* 56 3X 3X 3X 105 X 29 28X 57 65 111 116 210 Empire A Bay State Tel (gu) 100 Empire District Elec 6% pf—100 Empire Gas A Fuel Co pf 8%-100 Preferred 7% 100 6)4 % preferred 100 6% preferred 100 Empire Power Corp— See Investing Companies. Engineers Pub Serv corn -.1 $5 cumulative preferred * $5X Pref (with warrants) — $6 preferred. 50 - Erie Coach * 60 - Company 10 . Fairm't Pk A Qadd Pass Fall River Elec Light Fall River Gas Works Ry—See 25 25 15 -* Federal Light A Tr com Preferred ($6) • Without par value, Telep internal «>cean Teleg guar). a _ 10 100 36 * Inter-Mountain 3 International Power Co 80 X 86 X 75 73 73 72 80 International * 2X 2X 23 X Interstate Power pref $7 5X 68 75 82 13 11 58 53 6 4X R T 61 §§* 80 78 17" 28 Phila 29X 10X 100 69 71 78 79 6X% preferred 100 * 5X 14X 21 10 com 3X 6X 115 90 117 ...100 112 114 —10 4X 13X 67 19 18 6X 49 .* 66 5I* 140 $7 prior preferred..—.. New Jersey Pow A Lt $6 pref...* New Jersey Water pref..—100 6% preferred... 18 16 X 8X * "X 67 X 9X 8X 63 126 80 64 127X 82 111X 103 X 4 5 New Mexico Gas com...... 12X 5X 42 40 * $6 preferred * $6 prior pref * New England Tel A Tel.—.100 New Haven Water 50 20 X 6X 1st pref 100 |7 preferred 129 100 44X 4 * New England Pow Co $6 pref.100 New England Pub Ser com * \ 11 14X 29 X 6% preferred.—.........100 $2 preferred * 16 Ltd... 56 X 23 X 28X 43 X 10 A Elec Assn— $5X preferred stamped... 13X See Investing Companies. 15X 13 New Eng Pow Assn com 13 100 100 ~6~" New Eng Gas 3X —100 11X 49 X 138 X 55 X 50 100 New Bedford Gas A Edison Lt.25 104 6X% arrear certificates 7 % arrear certificates Italian Superpower— 30 50 X Preferred; 105 3 4X 35 30 50 6% preferred 102 X 103 15 Co. 101X 110X 18 X 109 18 100 Nevada-Calif Electric com Iowa Southern Utilities— Common 105 93 91 89 Nebraska Power 7% 68 .* 120 101 137 National Power A Light com 30 66 100 100 73 72 48 $3 conv preferred National Gas A Elec 3X 100 7% pref 91 88 115X 104X 4X __50 National City Lines com Class A 25 100 Jamaica Pub Service Preferred 95 X 87 X * com Narragansett El 4X% pref Nassau A Suffolk 7% pref 2X 6% preferred A 6X% preferred 7 % preferred O certificates 93 Mountain States Tel A Tel. .100 ~2X Iowa Elec Lt A Power Co— arrear com Supply Mountain States Power 29 6% X X 40 100 ..10 5% preferred.. 27 Iowa Power A Lt 4X 4X 3 $6 preferred Iowa Pub Serv $6 pref 76 76 X 12 Mountain Fuel 100 83 5X 97 "2" 6X% preferred 7 % "preferred 78 64 X 70 20 16 * 6% pref Montreal Telegraph Montreal Tramways 2X $6 preferred 100 100 • Montreal L H A Pow Cons.....* ~4X 2X * Common 58 Montana Power 38 22" Teleg * com 5% preferred 6% preferred X 100 100 $7 preferred Phila T~ Units. Service Montana Dakota Utilities com.lu 77 10C Power Securities 3X Monongahela Valley Water— 7% preferred 100 Monon-West Penn P 8 7% pref 15 Iowa 200 -- 25 50 Hydro El Syst A Conv pref $3 5b series Investors Telephone com Electric Co— 110 100 Elizabeth Consol Gas IX 5X See Investing Companies. Interstate Natural Gas Eliaabethtown Water Cons...100 European Elec class A. Internal ~3X Monongahela Light A Power—See Monongahela St Ry—See PhilaCo 3X 2X 6X Foreign share ctfs International Utilities— 60 Essex 3 20 X 5X ...» ^ Common certificates of deposit. 11X 104 X Missouri Pub 39 6 International Telep A 60 - 20X 5 26 X 100 Preferred 18 114X .. Ry vtc.. Internat Teleg of Me (gu) — .... 16X 18 X 100 31 100 * El Paso Nat Gas com 3 7% Preferred ——100 Eliz A Trenton RR com 50 49 1UU 5X% preferred Indianapolis Ry Covtc Interboro Rapid Transit 30 IX 112 47 / 5X 5 Mississippi Power $6 pref * $7 preferred * Miss Power A Light 6% pref * Mississippi Rlv Pow 6% pref.100 Missouri Pow A Lt. $6 pref * 20 X 115 Internat 3X 112 110 * 1st preferred- 76 140 110 Indiana 26X 10X IX * * -100j 8ervice— Common 1 55 6% prior lien 100 7% preierred class A .100 6% preferred class A 100 Minnesota Pow A Lt 7 % pref 100 $6 cum preferred * 54 X 85c 11 95 42 100 100 6% 1st pref stamped 100 6% prel B stock 100 5% adjustment stock... -.100 Eastern Mich Transportation * Eastern Minn Power 6% pref—* 83 93 X 50 57 109 8 * Water 40 Electric— 7% preferred..... 7 4 * • Indiana Assoc Telep $6 pref General 25c~ -4" -.60 $6 preferred Illuminating chart's class A 111 100 100 Convertible pref A * Midland Util 7% prior lien.. 100 Illinois Power A Light— 10c 111"" 112 SOX 6X conv preferred Arrears certificates X 4X 109X 109X 3X 31X 6X 5% 20 X 100 Middle West Corp com Midland United com.. Illinois Iowa Power common 9X X 19X 4X ..100 Michigan Consol Gas. Michigan Public Service— 6% preferred Middlesex Indiana 100 Preferred 114X 112X • 9X 10C Mexican Utilities preferred 103 100 Idaho Power 100 "~ 99 $2 Preferred 46 16X 3 IX 90 Memphis Natural Gas Metropolitan Edison Co— $5 cum preferred $6 preferred series C * $6 prior preferred ...* 7% prior preferred * Mexican Northern Ry com...100 33 10 2X 37.X Ry com 6% prior preferred X 4X 44 Holyoke Water Power. 18X Mass Power A Light Associat'nCommon with warrants 15c 31 Houston Natural Gas com guar Market St Ky(San Francisco) 62 X 36 * 15X 32 X Marlon (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref " 26 Haverhill Elec Co 12 113X 74 X 2X 85" 20 10X Marine t'ommun'y Amer dep rets for ord shs. fl 48 7c 89 80 16 Certificates of deposits 4 Haverhill Gas Light 25 Hestonville M A F— See PhilaRT 107 118 - 34 55 X 108X Marcon Ini 65 3X 60 X 25 Havana Elec A Util $5 pref Modified 5% 38 110 25 25 Preferred- 110X 32 X 4X 2X 2 2 6% preferred 100 6% preferred 8% preferred Elec Power A Light Corp $7 preferred $6 preferred 2d pref series A Optional warrants El Paso Electric Co (Del) Preferred series A 7% $4.50 div preferred 106 116X 117 53 X 102 107X 87 1 Maiden A Melrose Gas Lt Havana Elec Ry com 113X Denver Tramway com Conv stock.. 100 100 115 Hartford Gas com X preferred 100 5)4% preferred. 100 Dallas Power & Light 7 % pref 100 6% preferred ' Danbury A Bethel G & E pf 25 Dayton Pow & Lt 4 X % pref.100 Electric Bond A Share.. 18 104 94 45c 109X 18X 108X * 114X 109X 95 pf—100 preferred.....—* States Util $6 pref * Hartford Electric Light. 54 X 6 Eastern Utii Assoc com cl A 29 X 102 Cumberland Co (Maine) Power 5% preferred. E as ten Telep A Teleg com 5% preferred 6% preferred. 7% preferred Lowell Electric Light 38" 35 Louisv Gas A Elec 10 X 28 26 35c Gulf Power $6 3X 9 100 6% preferred —100 Cumberland Gas com v t c 1 6% preferred 4)4 % prior preferred 42 X 101X 10 25 76 104 41 26X Maiden Electric Co 74 iH 103 85 * 98 94 X 92 X 7% prior preferred Eastern Mass St ii 10 41 100 X 88 X 100 25 Continen Pass Ry—See Eastern Gas A Fuel Absoc's com Preferred 74X 106 53 103 5 Common 96 7% pref class A 75 40 Lexington Wat Serv 7% Drei.100 Light A Pow Securities Co * 1 Hamilton Bridge common Hamilton Gas common 50 100 103 14 20 Water 106X 45 100 100 22 Harrisburg — _ 72X Continental Gas & Electric— sne . 12X Greenwich Water Sys 6% 105X . 107 X Lexington Telep 6% pref Green Mt Pow Corp $6 pref-.-* Greenwich Gas $1.25 pref — * $5.50 107 41 86 Hackensack 106 106X 103X 48 X 48 12 68 71 51X 6X 24 Gold A Stock Telep (guar) — i 100 Green A Coates—See Phila R T 108 Duqueaae Nat Gas common $4 preferred $5 preferred..... East Coast>'> blic Service v t East Term Lt & Pow $6 pref . ■ 104 25 . — 114 103 X 100 25 Luzerne Go Gas A El $6 pref—.* $7 preferred. * Lynn Gas A Elec Co 25 Mackay Companies 4 % pref.. 100 Tx — 120" 110 38 Pass—See PhilaRT Gloucester Elec Lt Co 25 144 Duqut Lawrence Gas A Elec Co Lewiston Gas Lt 5 % pref. 24 * * * Georgia Power & Lt 6% pref....* 34 143 Duke i'ower 65 54 $3 preferred Georgia Power $6 preferred $5 preferred 66 X 119X 110X 22 X 107X IX Derby Gas & Klec $7 pref Detroit & Canada Tunnel 65 59 Germantown 9 107 Preferred 72* 59 52 IX 117X Gulf 8X 65 X 118X * Light 70 5 - Gen Telep Tri Corp Gen Wat Gas A Elec com 29 & 92 4X 7X 58 X 95X 3X 20 50 Warrants 52 117 IX 105 115 * 42 X X * * %_preferred Telephone Corp com $2.50 conv preferred 27 Cuban Telep common 109" 105 ordinary stock- Gen .1—See P S Corp . 2X Corp¬ Companies. General Pub Util common 22' Cons Trac (Pittsb)—See Phila c« Consumers Gas (Reading)....25 Consumers Uau (Toronto;— iuo $4.50 preferred IX * Amer shs for 121 *..* 100 100 Kansas Gas A Elec 7% pref. .100 6% preferred » Kansas Power Co 6% pref * 7% preferred * Kansas Power A Light— ' 4X % preferred 100 Kentucky Utilities 6% pref-. 1 on 7% Junior preferred 50 Keystone Pub Serv $2.80 pref. * Keystone Telephone $4 pref 50 Key West Elec 7 % pref 100 Kings Co Ltg "♦ % pref 100 5% preferre i 100 Laclede Gas Light 100 5% preferred ...100 29 104X 96 X 95 7% preferred 125 #l& -100 Kansas Elec Pow 6% pref T 31X no" 108 103X * Kansas City Pub Serv 30 R .. Ask City Power A Light— 1st pref $6 series B 46X 108X 43 Nat Gas__85 Frankf'd & S'thwark—see Phila 58 Franklin Telegraph (guar) —100 115 Gandy Bridge common —* 115X Gardner Elec Light common. 100 Preferred --100 28X 1.00 Gary Elec A Gas common * * % Gatlneau Power com 6% preferred 100 5X% preferred 100 Gen Gas A Elec (Del) com A..* $5 prior preferred * $6 cum conv pref ser A * $6 conv pref ser B * $7 preferred —-* X * 50 Consumers Power $5 pref Kansas 45 lis" 114 $8 preferred 19 Consol Gas Co (Pgh) pref Consolidated Gas Utilities com Cons Trac of N * Frankfort Kentucky 74 107 Preferred -100 pref— Florida Power A Lt $7 30 • 5 X % preferred....... 41X 52 ....... Florida Telephone 82 120 * - 7 % pref. .100 $50 par Bid * X. Jersey Cent Pow A Lt 7% pf 100 6% preferred 100 40X General Public Service 100 ...100 4% preferred series O Preferred 8)4 Consol Elec A Gas $6 pref......* Cons Gas E LA P (Bait) * Cons Edison Co of N Y com.. BfeVLIght::50 Florida Power Corp , Gen Italian Edison Elec Corp— 21 X Connecticut Ry & Lighting...100 4 X %, preferred100 4X % pref series B Fltc7hCrf|^S"& 107 25 Connecticut Power 39X 113X 29 X 28 X 4X 104 n 6% preferred ......... 7% preferred— Community Pow & Lt .10 First preierred 6% 10U Community Pub Ser com 25 Community Water Serv com 1 7% preferred — * Concord Elec Co 6% pref 100 Common --* Conn Gas 6e Coke Sec pref * Common * Connecticut Light & Power * 5)4% preferred 100 X 39X 40 X 43 X 43 X 106X * * $6 preferred 107 X 106 * $4.50 preferred Co. Federal Water Service com A—* Par Jamaica Water Supply.. $5 cum pref ser A 25c Val—See Phila Fed St A Pleasant 104 105 Stocks Ask Bid federal Power A Light com—50 (Pa)— 7% preferred ....100 City Water Co (Chat) 6% pieflOO 5% preferred 100 City Water (New Castle) pref.100 Oleve Elec Ilium Par Stocks Ask Bid 79 UTILITY STOCKS PUBLIC FEB., 1941] 50 102 Called for redemption, see page 111. k Last sale. n Nominal. r Canadian price, t New stock. x Ex-dividend. 80 PUBLIC UTILITY guotatlons for.all securities Par Stocks New Orleans Pub. Serv 7% preferred Newport Electric Oorp Bid 11034 _ com...20 6% preferred 26)4 --.100 30 13 23 New Rochelle Water 7% pref 100 N Y Mutual Telegraph (guar) - .25 • N Y City Omnibus commonOption warrants.. 1 N Y Pow & Lt Oorp $6 pref preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk A Haddington. .50 Frandf'd A Southwark Pass.60 Germantown Passenger 50 Common N Y 117 Preferred .--100 * 66" N Y & Richmond Gas 6% pref 100 N Y State El & Gas 5X % pfd-100 N Y Water Serv 6% pref 100 69 106)4 3734 Niagara Hudsm Power.......10 1st pref $5 merles 100 2d pref 5% series..........100 10734 38)4 3 75 7524 62)4 61 Class A option warrants—.— Olash B option warrants—.— Norristown Water Co 50 North American Co 9? 10 50 4 4)4 16 64 105 118 102)4 9834 100 b§* 81)4 6% preferred 100 (Minn) $5 series cum pref....* Northwest Electric 7% pref—-100 North West Util 7% pref 100 113H 7334 113)4 82 12 85 55 H 91 7% prior lien 100 N'western Pub Serv 6% pref. 100 7% preferred 100 Northwestern Telegraph (guar) 50 NY PA NJ Utilities $3 pref—u„* Ogden Oorp common 4 Ohio Cities Water preferred-—-* Ohio Edison $6 pref * $7 preferred * Ohio Power 6% pref 100 Ohio Public Service 5% pref-100 5)4 % 1st preferred —100 0% preferred 100 7 % preferred 100 Ohio Service Holding com— 1 5% preferred —5 58 36)4 23 2% • com Oklahoma Gas A Elec 7% pref 100 6% preferred 100 Old a Nat Gas Oorp oom— 15 $3 preferred ......-50 $5.50 conv.prior pref —* Omaha A Council Bluffs Ry— A Bridge Co 4% pref .100 Omaha & Council Bluffe St Ry Co 5% preferred 100 Omnibus Oorp common 6 8% conv preferred A —.100 Oregon Wash Water pref * Ottawa Light Heat A Power * Preferred 43)4 _ |120 106 10734 2024 20)4 51 53 115 11524 50e 2)4 924 104 (6%)— 18 28 25 3424 3124 1st preferred (5)4%)——25 Pacific Lighting Corp * com $5 preferred.... Pacific Pow <5c Lt 7% pref 6% preferred Pacific Public Service— — 38 .... MIX* 8.7 100 ........ 81 ........—. Common 5 1st preferred * Pacific Telep A Teleg.. 100 6% preferred.. —.100 Panhandle Eastern Pipe Line Common 18 124 158)4 * ... 40 Pecos Valley Pow A Lt com— Peninsular Telephone Co com..* $1.40 preferred class A 2 34 24 25 33 Pennsylvania Edison Co— $2.80 preferred.——. $5 preferred Pennsylvania Gas w* 66 * ... * common 16 Penn Gas & Elec Co 7 %|pref—l00 Penna Gas A Elec Oorp $7 pref..* 40 7 Class A_. $6 preferred $5 preferred ._...* * 110 106 Peoples Gas A Fuel Oorp....—.1 People s G L A O (Otic) 100 Peoples Light A Power Oo A....1 1 Scrip $3 preferred 25 Peoples Water A Gas $6 pref__100 Peoria Water Works 7% pref.100 ...* 50 * ......50 100 8)4 5)4 % preferred series C-. 25 0% preferred series B—.—25 Original preferred—.......25 107 108)4 .—I* _ Preferred —50 Bedford)—100 Union Traction—See Phila R T United Corp 110 110 111 117 119 54 55 101 103 8 11 1754 —.——...._* $3 cum preferred Warrants 1954 554 9 United Gas 11 32 33 $5 preferred r Canadian price, stock, x a 1 9! 106)4 106)4 115] 6% cum 1st pref ♦ United Light A Ry 6% pref...100 6.36% preferred.... 100 7% preferred 100 lited Public Service Corp.. 1 55 United Pub Util 104 Class B 125 % 9)4 108 oom A 125 21 86 £2* 92 1)4 60c 40c 26 ..* common........... $2.75 preferred $3 preferred--- J* 1 92 1 I* 27 • - United Utility Oo common....10 Utah Power A Light $6 pref * $7 preferred Utilities Power A Light— Old 7% cum preferred luu Utilities Stock A Bond Corp..—1 Virginia Electric & Power— 7454 .... 108 113 115 13)4 25X 13 54 26 97 105 $0 preferred Virginia Pub Serv 7% pref 6% preferred 4)4 % conv _* preferred—IIIII5o Wash Gas A Llec 7% pref Wash (D C) Ry A El com 115)4 100 720 14 "4)4 8 ux 19 115 14)4 102 • — - - 19X 100 Partic units 7% 6% preferred preferred West Penn Power Oocom 2X 5 70 cum ... cum 25% 29)4 30)4 46 20 20 29X 30 X 4654 36 — X 103)4 1154 «■> —— 1)4 105 111)4 105 23)4 19)4 103 IX 108 113 106 24X 116 118 101X V 27 Massachusetts Cos....* 29 30„ com Preferred Western Western N Y Wate** pref Western Pub Serv $1.50 pref Western Union Telegraph.. Westmoreland Water pref.. Class B 75c 8 12 * 100 16 18 20 * 100 ........... 102 * Wheeling Elec 6% pref .100 Willlamsport Water pref-.-—..* Winnipeg Elec class A * * Preferred ...100 Wisconsin Electric Power— 6% pref (1897 series)—.. 100 Oommon 20 , 100 Wise Hydro-Elec 0% pref 100 Wise Michigan Pow 4)4% pf_100 Wisconsin Pow A Lt 0% pref-100 7% preferred "54 • 18)4 102 105 85c 28 4)4 % preferred 35 9X 800 1 25 Western Lt & Tel Wheeling Bridge 12X 100 100 4)4 % preferred 100 West Phila Pass—8ee Phila R T West Texas Utilities $6 pref ._* West Va Water Serv 0% pref * 117 14X 103X 23 X 116 West Ohio Gas corn........ _._* West Penn Elec Oo class A 100 115X 9*1 105)4 7)4 Washington Wat Pow 0% pref--* 7 11 92 87 100 103)4 15c "3)4 9)4 .100 5% preferred 13)4 15 100 100 Common 109 111 101)4 80 Washington (O O) Gas Light— 123 1.30 Ex-dividend % 111 ♦ 54 30* 63 plan, t New 5u 86 United 111 Oo of New Haven....* United Lt & Pr oom A * Common B —.....* 75 Preferred 100 Southern Indiana Gas A Elec— . Nominal, 27 ...." Improvement.____ * 19)4 74 110 114 1.00 75c 6 9 34 104)4 110)4 Wisconsin Pub Ser Oorp 7% pflOO 110 105 0)4 % preferred-.100 6% preferred 100 104X Wolverine Power Oo_. ..—.5 Worcester Trans Assoc-.—...-* 12 1.40 York (Pa) Railways pref-—. 50 i"i5 1.00 7 114 102)4 116 67 78 110" 103)4 100 York Water Co..............10 » 154 —I* United Gas A Electric (Oonn)7% preferred 100 United Gas A El (N J) 5% pf.100 United Gas Oorp com..1 $7 non-voting pref.. Warrants 16"" * Without par value. { Trading discontinued in these issues, and and the consel. 3-6% bonds as shown in the reorganization 9X Union Gai System oom___10 82)4 Southern Oanada Power..——• Southern Ool Pow oom A——25 Rights 114 .......... Union Gas (Oanada) Union Pass—See Phila R T Union St Ry (New 109)4 34X 34)4 30)4 108)4 106)4 100 5% preferred „ 210 6% preferred series A— 25 6% cum preferred 25 Southern Oalif Water pref.....25 4.8% cum preferred—...100 Southern Nat Gas com—...7)4 3)4 39 114 (Minn)..* 133)4 121)4 Southern Oalif Gas Oo— 2924 105 Union Electric Oo of Missouri— 157 136 123 26" 29 117 11254 ♦ 100 „7% preferred 101)4 28)4 153 6% preferred 100 ..100 100 Twin States Gas & El 7 % pref. 100 Twin City Rap Transit 109 99 * ... 6% preferred... 5% preferred 48 28)4 pref I* Toledo-Edison pref A 7% 98 47)4 l Electrie$3~. 50 Phila R T Tide Water Power 6 % pref.. 98)4 18 . * Third Avenue Ry (N Y) 13th & 15th Sts—See 108 97 22 Teleg (gu)-25 _ 115 113)4 10554 Southern & Atlantic South Oalif Edison common—25 100 7% preferred Texas Power A Lt 7% pref—.100 6 44)4 8)4 92)4 89 117)4 25 25 $5 preferred $5 preferred 25 100 com Texas Power Corp common 60 94 Phila A Grays—See Phila R T $5 preferred Phila Elec Power 8% pref Texas Gas Util Texas Hydro 95 105)4 102)4 * 100 100 Distributing Co...." 56 114 100 Oo Ry 115 105 preferred Texas Elec Service #6 pref Texas Gas 120 5?4 Bridge— ierre Haute Elec 6% pref Texas Electric 554 113 15 3 Monongahela Lt A Pow 50 Monongahela St Ry.— 50 Phila A Darby—See Phila R T com 54 434 • common conv 63 O0.-1—111* 7% preferred. Tampa Gas. 7% pref 107 92 87 1 Citizens Traction ...50 Consolidated Trac pref 50 Duquesne Light 5% 1st pref 100 Philadelphia Elec Oo 20 Savannah Elec & Power Oo— 6% preferred 100 6)4% preferred 100 7% preferred 100 7)4% preferred100 8% preferred 100 Scranton Electric $0 pref Scranton-Spring Brook Water Service 0 % pref-—.... * Scranton Transit common......1 1st 76 109 624 8024 44)4 ..* Federal St A Pleasant Val com.: 10 _ Phila Oitv Pass—See Phila R T Philadelphia Oo com f\$5 preferred-. 6% cum preferred $6 cum pref Allegheny Traction 100 if* * Oommon class B 6% preferred San Diego Gas A Elec Oo 5% preferred— 5% Tampa Elec 78 79 Southeastern Telephone com—» 0% preferred 25 $2.50 preferred ..... Joseph Ry Lt & Pr 5% pf—100 St Joseph Water 0% pref 100 St Louis County Water pref. .100 St Louis Public Serv class A 1 San Antonio Public Service— 1 "♦ com...... B Tacony-Palmyra 50 Shawinigan Water A Power Shenango Valley Water pref..100 Sierra Pac Elec 0% pref-.—100 Sierra Pacific Pow common 15 Preferred 100 Sioux City Gas A Electric—. 25 3924 $7 preferred 100 1)4 South B ay Consol Wat 0% pf-100 124 Sou Carolina El A Gas 7 % pf. 100 South Carolina Power 6% pref..* 23" ~ South Pittsburgh Water— 96 4)4% preferred 100 Pennsylvania Water A Power...* $5 preferred... St 2d -* Second Ave RR Oop (NY) 2d A 3d Sts Ry—See Phila B T Shasta Water Co.. 114" Pennsylvania State Water, pref.* Pennsylvania Telephone Co— Rochester Telep $6)4 pref 10U Rochester Transit common.....* Rockland Light A Power 10 Seattle Gas 24 Pennsylvania Power $5 pref * Pennsylvania Pow A Lt $7 pref.* ..50 50 Rochester Gas A Electric— 6% preferred series O —J00 6% preferred series D 100 5% preferred series E .100 99 Pacific A Atlantic Tel (gu) 25 Pacific Gas A Electric-..——25 1st preferred Riverside Traction.. Preferred ,96 —100 Queens Borough G A E 6% pf 100 Rapid Transit Ry—See P 8 Oorp Republic Nat Gas 2 Rhine-Westphalia Electric Pow— Amer shares representing com. Rhode Isld Pub Serv $2 pref 27)4 Class A I. 55 Ridge Ave Pass—See Phila R T Rio Grande Valley Gas v t c 1 ♦ 2 107 47 121 53 I* Swiss 7I* • 7% preferred 100 Public Serv El A G $5 pref. * Puget Sound Pr A Lt $6 pref * $5 prior preferred —.* Quebec Power common * 45 * . Amer Elec 5% pref.500 Fes Syracuse Transit * Tacoma Ry A Pow 93 $ * - corn——..* 1)4 89 50 Public Serv Co of N H $6 pref. 100 Preferred ♦ Suburban Rapid Transit St Ryl50 Superior Water Light A Power— 7% Preferred.— ...100 32 3 111 107)4 Class 1 2% 115 11724 102)4 106)4 % 2% * 115)4 115 11024 116)4 11524 115 Standard Pow A Lt 112 10Q 25 110 38 204 — 100 $5 preferred ; Public Service Corp of N J 8% preferred 100 7% preferred 100 6% preferred 100 $5 preferred * Consolidated Trac of N J--100 Rapid Transit St Ry Co 100 Public Serv of Okla 6% pref--100 28 110)4 43 Ii"~ 25 St Ry Cos— $7 cum prior pref $4 cum preferred $6 cum prior pref 3)4 com—1 * $6 preferred .... 60 42 26 6% preferred 100 5% preferred --..-.-.100 Public Serv of Ind $7 prior pref—* 93 101 39 Preferred Standard Gas A Elec * Springfield Gas Lt Oo Springfield (Mass) 60 103 100 pref—100 16 99 • Units Ohio Water Service A 84 72 13)4 60 $5.50 preferred .100 Plainfielu Union Water * Portland Eiec Pow 0% pref. 100 7% prior preferred 100 Portland Gas A Coke 7% pref 100 Portland Gas Light 50 $6 preferred * Portland RR 5% stock 100 Potomac Elec Pow 0% pref 5)4 % preferred Pottsville Water Co.. Power Corp of Canada com First preferred 2d preferred Providence Gas Co.. Public Elec Light 0% pref_ Public Serv of Colo 7% 3)4 Springfield Gas A Elec pref 20 T Potomac Edison Co 0% pref-.100 7% preferred 100 41 7M R 101 S'western States Telep com—I. 10 20 Traction—See Phila Postal Telegraph System Non-cum preferred 107 115 102 Northern Liberties Gas.. ...-25 Northern N Y Util 7% pref—100 Nor States Power (Del) cl A-..25 7% preferred-- 7634 34 15% 62)4 Participating preferred * $6 preferred 38 West Phila Pass guar 50 Phila Suburban Wat 0% pf 100 Phila Transportation Co com. * Ask Southwestern G A E 5% pref 100 Southwestern Light A Power— 8 Philippine Long Dist Tel 100 Pittsburgh Suburban Water— 5& 75* 40* 47 12 Phila 1534 57)4 5524 55 ———100 ......100 —..100 7% preferred 5X% preferred 102 15)4 55)4 6% preferred series.. 50 6H% preferred -50 North American Light A Power.. 1 $6 preferred —* North Amer Utility Securities— North Boston Ltg Prop com..— Preferred 100 North Texas Go (Del) ..10 Northeastern Wat A Elec com..* $4 preferred * Northern Indiana Public Serv— 6% preferred "V* • 15 90 50 Bid Par 100 A preferred 25 Southwest Consolidated Corp 1 Southwest Gas (Okla) 7% preflOO Southwest Nat Gas $6 pref! 10 Oommon loc 26 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 ($1734 pd)_50 100 1* 70 PhilaCityPass Ry($2224 pd)-50 115 Stocks Southern New Bng Telep Southern Union Gas oom 25 Green A Ooates Sts ($15 pd) 50 Hestonville M A F com 50 10 105 115 * preferred Railways pref 23)4 6 10434 7% preferred 100 N|Y A Queens El Light A Pow— 5% 16 25 22)4 * 3* 7% 35"" Ask Bid {Philadelphia Rapid Transit-.50 109 Newport Water $6 preferred--.-* Par| Stocks 21X 112 34 27)4 STOCKS possible for the closing day of the month preceding the date of Issue Ask 20 com... are as near as 170X 78 954 10354 36 105X 112 118 111 100 108 X $ 18 22 28 30 Jwhlle saleable, the price would be based upon Phila. Trans. Corp. ] preferred stock Called for redemption; see page 111. e Ex-rights. k Lest sale. /Flat price. , Under the heading "Industrial and Miscellaneous Securities" we include all issues which do not appear mqmolir (tRailmn/la" "InvAatSno Pn rtnni ad" nrl "PnKlift I If"i U '' In thi In the headings, namely "Railroads" "Investing Companies" and "Public Utilities.' we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," Safe Deposit Companies" under separate heads, then follow with the rest of the under 4* V% the previous I-Umaa three AS* 4^ airi f i o of stocks, however, case "Title Guarantee and UAaJinitfA m a "Industrial and Miscellaneous*" NOTICE—All bond Bonds Bid INDUSTRIAL AND MISCELLANEOUS BONDS Abitibi Power & Paper— 1st M 5s 1953 ser A __J&D / Certificates of deposit / Acadia Sugar Ref 4%s 1955. A&O General 6s 1954....—A&O 16 Adams Express— See Investing companies Aeolian Co 6s 1944 J&J Agar Packg & Prov 5s 1945-J&D Axron Times-Rress 1st 6s '45 A&O Alabama By-Prod 6s 1955—J&J Alabama Mills 6s (w-s) 1953. J&D / Without stock —_J&D / 2.45% due Mar 1 1949 101% 102 103 1 Blaw-Knox ; 95 62 100 Sink tund deo 4%s Anglo-Ottilean Oons I9o0—A&O 35 40 46 104% 106% 50'" 55 .... 1st s 1st s J&J f 6s (San Fraa) 1912 J&D f 6s (Los Aug) 1912..J&D Autilla Sugar Estates — Income deb6s1951 (w-s)..J&J/ A-N IT & B-N Y Realisation— 5». 1955—— M&S/ Armour & Oo of Delaware — 1st M 20-yr 4s ser B 1955.F&A 1st mega 4s series 0 1957..J&J Arnold Print Works— 1st 5s Feb 1 1952— ...A&O Arundel Bond Oorp 3-5s Dec 1 '53 Arundel D yb Oorp 4-6s Dec 1 *53. Associated Mtge Oo 3-6s Dec 1 '53 ..J&J Nilst lien 4s 1952 Atl Gulf & W ladies SS Lines 103 72 Atlantic Refg 3s debs 1953..M&S Atl Sag Ref 1st s f 4s 1951—M&N Atlas Imperial Diesel Engine — 70 Auburn Automobile 10% 12 105% 105% 51 51 54"" 82 45 105A 69 101 47 95 99)4 44 Baush Macu Tool ext 5s *41.M&S / Bayway Parmlnal 2nd inc 6s "57.. / Beaver Mills 1st 5s 1950.....J&J Bedford Pulp & Paper 6%s 1942. Beech Oreek O & O 5s 1944..J&D Bendlx Nome Appliances— 70 26 5% oonv debs 1944 ——M&N Betaeuera tMy & vl* 5s'44.A&O Betaleheai Steel Oo— Parch money 6s 1998 —.Q-Feb 20 0.50% due Mar 1 1941..... 1.00% due Mar ,;1,1942..... 1.25% due Mar,l ,1943—.. 1.50% ,due Mar4 1944..... 1.75%.due Mar41,1945 2.00% idus Mar;l,1946 ,kO 1948 76% 16 93 64 104% J&D 27 Credit Foncier Franco-Oanad— 5%. M&S Oredit Service—See Investing Cos 65 35 102 24 26 27 77 Orowley Mllner 5%s 1946..M&N Crucible Steel 4%s"A 1948—F& A 3%s s f debs 1955.......J&D 60 Oubaa Tobacco 5s 103 103 92 57 4 101% 60 75 104 a tl* W9^ 1944....J&0 Oudahy Packing 3%s A "55.M&S Oouv 101% 9/ 71 63 75 f deb 4s 1950. M&S Curtis Publish deb 3s 1955—A&O 98% Dairylaud League— ^Oertifs 6s May 1 1944-.— / 103% Oertifs 5s May 1 1945.—.. / 102 OertifS 5s May 1 1946........ 98 7% s " 70 Oertifs 5s ,May |111947—...... 97 96 Oertifs,5s May 111948........ Oertifs |5s May 1 1949—...... 95 Oertifs 5s May 1 1950 94 Davidson Biscuit 5 %a A "45 A&O a 101; Davidson-Boutell 5s 1946...J&D 100 De Bardeleben O01I Oorp— 67 70 68 86 72 70 85% 86% 57 59 64 69 ^ . _ ..^I&S 95% 96% 53 40 3 4% 96 105 i05y Oorp Inc 5s 1963-Oitles Service Asphalt 6s — .., .J&D 52.A&N — — Olty Ice (Kansas) 6s 1940.—A&O / Oity Savings Bank of Bndapest 7« 1953 .------F&A/ / Oleve Tractor conv 5s 1945.M&N, Olimax Engineering 5s 1946.A&0 1954 M&S / 33 1st cum Inc 5s 1957—Ann April Deep Rick Oil 7s 1937 strap M&S Deerfield Glassine 1st 5s Mar *50DeQance Paper 6s 1939—...J&D Delaware Floor Products— 2nd income 6s Mar 1946— Detroit Uity Ice & Fuel— 4s w w 1948 ...F&A Detroit Garages 5%s Mar 1948— Detroit Sar Term 1st 6s '50.M&9 Detroit Times 6s 1941 to '43 M&S 49% 47 48 30 86 52 16 100 ReQtenbtnk — s f 6s Oct 15*60 A&015 Series B.___ Dickey (W 3) Oiay Ml'g On— pu n luc 5s (ex-stk) Nov I 1949 Dickinson (Alb't) 6%s 1935.J&D Distribution Term Warehouse— 5s 1956 A&O Farm Ln 21% 21 . 98 93% 104 10 41 Dom Ooa! 1st 4 %s ser A '52-A&O Serial 3 %s 1910-1913 A&O — •• 89% 5% 71 Deb 4%s ser A 1951 M&N Dom Woolens & Wors 6s *53-J&J .... 70 Dominion Steel & Ooal 6 %s 1955. Dominion Tir & Ouemtcai Oo — 95 81 67 69% !§* Donnacona Rap 4-4%s '56—F&A 10-yr 5%% notes 1947—.J&J Dow Chemical 2 %s debs *50 M&S Serial debentures— 52 103% 107 104% 107 93"" 34% 57 60 75 50 0.35% JSept 1 1941 100 0.65%|9ept 1 1942 100 0.90%]Sept 1 1943 102 72% 45 3 - Deutsche See Railroad bonds. b Basis. 74 Oonsumers Oo (111) 5s 1956—J&J Oousumers Rock & Gravel— 6s 1948 ..——J&J Oonc'l Invest Bond Oorp 3-5s '53Oont'l Invest Deb Oorp 4-6s "53-Oontlnental Oil— 45% 67% Ohtleau Nitrate & Iodine Sales Called ifor redemption, see page 111. 8% — 44% — Colonial Colliery 6a Goal Oo 74 — . 100% 1 Sink fund 5s July 1 1960..J&J 39 102 s/ 100 100 % 100 % 100 H. 101% 101 )4 8% 8 15 M&N/ 71 85 52 Serial debentures— 45 69 .J&D 37% , 105% I9»| inc 5s 1953 Oonv deb 2%s 105 152)4 Ss _ 102)4 95)4 1st Oontinental Roll & Steel Fdy— 1st M conv s f 6s 1950 J&D Ooplay Oement Mfg 6s '41.. A&O Oosden Petroleum coav 5s *47 J&J Oosgrove Meehan Ooal 6%s 1945. Orane Oo 2%s s f debs 1950-A&O 31 15 Obeney Bros 5s ex-w 1937..M&N / 5s with stock 1937-..—M&N / ~ 15 Chicago Dally News— 106 98 3%sis f debs 1950......—A&O Ohio Grain Ooro 3-5s 1952..A&O / 94 38% 90 Chic Molded Prod 5s 1949-A&0 158% Chicago Produce District 118 1st cum Inc 5s (w-s) *43—F&A 106 103% Chicago Stk Yirds 5s 196L.A&0 Ohllds Oo deb 5s 1943. 34 A&O 105)* 99 ethlehem Steel Oorp— jl5-yr sfconv3%«debs*52 A&O Oons mtge 3 %s ser F 1959.J&J Oons mtge 3sser G 1930..F&A Oons mtge 3 %s ser S'65—F&A ^ — 26 conv Ooosolidatlo 101% 94% Oarthage Marble Oorp— 3 lstsf 6%sA 1942 M&S 13 1st n-c Income 5s Apr 1951.. 106% 35 Oassco Oorp in ? 6s 1949 — — M&S Oelanese Oorp of America— 3s debentures 1955..—...F&A 103 97% Oelotex Oorp— 36 Debenture 4 %s w w 1947 F&A 93 Oentral Ooal & Goke— Non-cum lnc 4s B 1951... A&O f 60 Oentral Foundry Oo— 90 Geo mtge 5s 1941 107 M&S Gen conv 5s ext 1946—.M&S 105 Oeatral Iron & Ooal 6s 1933. F&A / ~8% Oentral Ry Ta na & Cold Storage 116 6%s !9o2.— A&O / 12 Oentral Steel 1st 3s 1911 —M&N 105»m 89 48% Oertaln-teed Prod 5%s 1943 M&S 100 4% Oespedes Sugar 7 % s 1939 —. M &3 f O lampion Pap Oorp 6s 45 —F&\ 98 Ouampion Paper & Flb-e Oo — 106% 46% 4%s s f deb '50("35 Issue).M&S 103% 4%s s f deb'»0('3S Issue).M&S 31" Ohateaugay Ore & Irou— 94 91 > 25-yr g tar 5s L455. Textile Consolidated Warehouses luc— 1st non-cum inc 6s 1947.—J&J f 38 51 Oan Pow & Pap lav 5s 1953.F&A Canadian Vickirs 6s V ig L 19473$ Oarlisle Lumber 6s 1945——— alOf Oarrlbeau Sugar— Oum inc 7s 1941........F&A Carrier Oorp coav 4%s 1943 A&O 84 Battle Oreek Sanitarium- 4H|s A L954........ J&J Oanadian International Pap yr — 1st M 6s 1919 -J&J Oan Locomotive 6s July 1953— — 81% 80)4 93 Mtge 6s 1950—,... M&S/ 113)4 Bait Steam Packet 5s 1942—F&A 65 Baragua Sugar Estates— f 70 102 102 101 Oanadian National Steamship— — Oum inc lab 6s 1947 r&f Barber & Ross 4s 1945.....J&D Bates Valve Bag 6s 1942 F&A 42 99 33 98 105% Oertiticates of deposit Oum 99% 99% 84' 100% . 1st & gen 5s 1957-— J&T Canadian Bakerie# 6%s "45.M&S Canadian O tuners Ltd 4s'5lM&N 31 29% 105% 105)4 1939 J&J/ 45 1947—-M&N 106 Avery (B F) & Sons 5s w w'47J&D 103 ——....... 43" 67 Oonsol Oanada SS Lines— Oonv deo 4%s Without warrants.. Baldwin Locomotive Works— Campbell Transportation Oo— Equip trust 4%s to 1946—M&S Equip trust 4s to 1951..—J&J Canada Bread 6s 1941 F&4 97 97 66 70 40 70 101 101% .J&D Consolidated Oil deb 3 %s "51 J&D Oonsol Paper Oorp 5%s 1961-J&J Oonsol Press 6%s 1949—J&D 15 34% Oan Oementlst 4%sserA'51 M&N Canada Paper Oo 3s 1941—J&D 3%s 1942-1945— J&D 4%s 1952 —J&D 33 % Autocar Oo 7s ext s 104)4 j..:. 71 101 Oa maguey Sugar — 7s Certificates of deposit. 1042 75 73 ,,*6% coav notes L945 -__M&S 102 Atlas Pipeline Oorp 6s 1945.M&N / 31 Gen conv 6s I9o0..——.M&N/ 1)4 1st 92 65 i 42 f extl 6s 1940 J&J Burns Bros deb 5s A 1961—M&S Burns & Oo Ltd 1st s f 5s 1953 J& J Bash Term 1st 4s 1952-——A&O Oons g 5s Jan 1955 .—J&J 1 Bldg 1st 5s stamped 1960 A&O Byers Machlns 3-6s .1946 Byrndum Oorp ext to Jan 15 1942 Oalaveras Timber 1st 6s '33.M&N California Oonsumers Oorp— 1st lien 3-5s 1955 J&D Oallf Ootton Mills 1st 6s '40.J&J Oalif Group Oorp 5%s 1958 M&N s . 108% 64 101 15-yr 42% Consolidated Oement Oorp— Oum tuc 6s 1950 F&A Oum inc 6% notes 1950..F&A Consolidated Cigar Oorp— 4S w | 1950 Oonsol Indus~(lll)"5s 1958—MJfcS 67 39 4% notes ser E to 1941—M&N 100 Oum Inc 5s April 1967 1st 6%s ser O 1946 8% 68 35 21 4% notes ser F 1948——M&N Burmeister & Wain (Copenhagen) 89 — Ooll tr g 5s Jan 1 1959—-J&J Atlantic Ice Mfg 6s 1945....F&A M&N f 7s 1950 Bklyn Serv Station 5%s "46.J&D Brown Coal Indus 6 %s '53.. A&O Brown Oo 1st 5%s 1916 A&O 1st 5%s 1950 sir B — Mfe1* Bruck Silk M Ltd 6%s '45-M&N Bryant Paper 6s A 1942——M&N 1st 6s series B 1948..—..J&J Budd (E G) Mfg 6s ext 1941.F&A Buffalo Gen Laundr 6 %s "41. J&D Bullock's Inc (Los Angeles)— 104 Laundries— Atlanta s 69 — Connor Lumb .& Land 6s '41 M&N Oonsol Biscuit 1st 6%« B '46 M&S 75 63 Gen River Packers Assn—<&>Income deb 2s Oct 1950 / Oolumbia River Paper Mills— 6s to 1946 A&O _ British Columbia Palp & Paper — 1st 6s 1950 M&N 69 65 Commercial Mackay Oorp—See Public Utility Bonds 103 J&D 1944.---— M&N Brandram-Henderson 6s '56.J&D Brit Ool Packers 5s 1953 Nitrate— S f Inc deb 4%-5s 1967 Anthony (E O) — 101% 61 60 33 69 Bowser (S F) 7s 70"" J , ....—J&J 1st 5s 1968 54% 50 103 % „ --J&J 1947-- 100 Bloqmington Limestone Oorp— 4s April 1953 (units). 7 — / 100 Boston Wharf 1st 4s 1941 —A&O Bowater's Newfoundland Pulp & 64 Paper Mills 1st 4%s '68—J&J 98 50 118 2d mtge inc 7s Jan 11943.M&3 / Anaconda Copper Mining Oo — .F&A Bloedel Donovan Lumber Mills 6s 1941-1942..— .....F&A 116 Oonv 6s 1981 ———-Ann Apr'/ Ames-Holden Tire & Rubber— . . s Income 5s 1970 Oo— 1st mortgage 3 % s 1950. . Blethen Oorp (Seattle)— 6%s 101% 105% 83% f 5s 1943.F&A An Apr 5^1 Oolumbia 2.60% due Mar 1 1950-—. y 105% Oolo Fuel ac Iron 69 71 Bid S Oo, Ltd— Gen mtge 6s w s 1954.....J&J 44 69% Debenture 6s 1941....—A&O S 101% 45% F&A American Type Founders Inc— Oonf a f deb 2%-os 1950...J&J Am Wire Fabrics 1st 7s '42.-M&S American Writing Paper Oo— Oolonlal 2.15% due Mar 1 1947... 2.30% due Mar 1 1948 43 % 67 American I G Ohem Oorp— Oonv deb 534s 1919 M&N 103% American Inter national Oorp — See Investing Companies Amer La France & Foamlte— 5% % notes 1956 J&D / 60% Am Lime & Stone 5%s'51..-M&S 101 % Am Macb & Metals 4s 1943..J&J 69 American Nat Go (Ohio)— Extended 6s stpd 1913 J&J / 28 Am Silica-Sand 6s 1951 M&S/ 8% —— Bonds Ask Bid Bonds 44 .. Am Tobacco deb 4s 1951 possible for the closing day of the month preceding the date of issue Bethlehem Steel Oorp— Serial debentures (Concluded) 6s 1955 / 30 Alberta Pacific Grain 6s 1946 J&J 67 Algoma Steel Oorp Ltd— Oonv 5s ser A 1948 .M&N 67 Allendale Oorp 4s 1942 45 Allied dt's Oorp deb 4%s *50. A&O 103 Debenture 4%s 1951 F&A 104% Allis-Ohalmers s f deb 4s '52.M&S 106% Alpine Montan Steel Oorp — 1st s f 7s 1955----. -.M&S f 20 Amer Airlines deb 4%s 1941-J&J 392 Amer Dept St's (Pa) 4s *48— J&D / 46 6s 1948 50 Amer Oept'St's ("OelTds *473j&D / Amer Fruit Growers 5s 1950-F&A as near as Ask Albany Perf Wrapping Oorp— 1st M coll tr 6s 1948 A&O 6s assented w w 1948—A&O marked "f" and Incorre and defaulted bonds prices are "and Interest" except where Quotations for all securities are 100.. 100% 1.15% Sept 1 1944... 1.40% Sept 1 1945 1.60% "Sept 1 1940. 1.75% Sept 1 1947 1.90% Sept 1 1943 2.00% Sept 1 1949 2.05% Sept 1 1950 Dryden Paper 6s 1949......F&A Dufferin Paving & StoneDeb 5s series A 1955....—-Jan Du Mont (Allen B) Laboratories— 2 %-5s 1949— M&N Durham Duplex Raior 0a 1955... Durez Plastics & 101 101 101 1013 101J 101J 69 23 ' 45 63 Ohem— 107 4%s convidebs 11949.....M&S Earl Fruit 1sts f5%s 1947—M&N 80% 73 Eastern Oar Oo Ltd 6s 1952.J&J Eastern Oorp 5s 1953.... 93 J&D Eastern Dairies 6s 1949——M&N 57 Eastern Mfg 7s ser A 1938—J&D / 105 95"" 94 50 % / This price includes accrued interest. ft Last sale. 4 n Nominal. r Oanadian price 82 INDUSTRIAL MISCELLANEOUS & BONDS NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near aa possible for the closing day of the month preceding the date of issue Bonds Bid Ask Eastern Racing Assn 5s 1945---Eaton Paper 1st 5 %* 1943.M&N 97 100 Elec Auto-Lite deb 4s 1952. 84 FA A a J&J ioi% 101 J* 80 105% 101% 35% 1952 1st 4s J&J F&A 1954 78 77 37 24 A&O Georgia Marble 1st 6s 1950.M&N 106% 69 71" 83 103% 47 104% 8 f g f 5s 1947 Mck 1st & ref 66" 85 1947 ser 35 72 87 8724 82 X 77 36 10624 95 100 Grand Rapids Motor Coach— Cum inc 7s 1962 w s M&S / 105 Grand Rapids Operating Corp— 111 %s A 1961 .M&S 1st mtge 324* ser C 1961—J&J Journal of Co mm 0%s '47..-J&J Kansas Pipe Line & Gas— 1st 5s series A w w 1952 J&J Karstadt (Rudolph) Inc— 6s Ctfs of dep w w stpd 1943 6s stamped (par $925) 1943 6s with warr (par $925) 1943— Keith (B F) Corp 6s 1946—M&S Kelsey Hayes Wh'l 1st 6s '48..T&J 1st 424* 1948 J&J Kentucky Rock Asphalt— 3%-6%s 1945 J&D Keokee Cons Coke 5s 1959--J&J Keye8 Fibre Company— ser 100 102 Grand Rapids Stores Equipt Co— Debentures 5s 1949 F&A 81 84 3424 83 M&N 67 71 73 Gen sinking fund 6s 1956 A&O Hamilton Cotton 4 Hi 1950-F&A 63 66 1st extend s f 3-6s 1947 50 31 68 A&O 10124 18 Hansa Steamship Lines— 10-yr 6s 1939 w w_ .A&O Harborside Warehouses— 70 Non-cum inc 6s Jan 1973-—.. / Harpen Mining Corp— 6s with warr for Am shs J&J f Harris-Seybold-Potter— Conv i f deb 5s 1951——A&O Hart Coal inc 6s 1945 Hatfield-Campbell Creek Coal— 1st 6 Hi 1948 M&S Haytian Corp inc 8s Oct 1938 Haytian Corp of America— Conv b f 4s 1954 Inc deb 5s 1989 Hearst Publics 6 %s to 1947.M&N Healey Petroleum deb 5s 1948 J&J 99 X 27 100 24 30 99 2824 30 34 10 12 9924 0824 Helvetia Coal Min 1st 5s '58.A&0 95 Heywood-Wakefield 5s 1946 J&D Hightstown Rug 6%s w w 1944— Hill Mfg Co ext 6s 1945 M&N 101 88 Hoberg Paper Mills 5s 1946 -J&J Hoe (R) & Co 5-7s 1944 w s.. A&C 4%-6%s 1st mtg<e 1944—-A&O Holly Sugar Corp— 1st 3%s 1942 A&O 1st 4s 1947-— A&O Home Serv Corp 6s 1957 A&O Home Service (Portland. Ore)— 1st coll 3-5s 1950— A&O X a Called for redemption, Quoted in guilders. see 85 100 103 24 80 104 24 0224 0224 101% 103 82 Mortbon 104 M&S 99% 93 48 A&O 12J^ 97 68 r 99 Corp— 88 Moslnee Pap Mills 1st 5s '51 .A&O Motor Transit Inc 6%s 1952.J&J 83 — Munising Paper 5s 1947 Munson Steamship Line— 78 78 61 100% J&J 100% Secured 6s 1937 J&J Deb 6%s Jan. 1 1937 wwA&O Certificates of deposit Nassau (Gen Landbank 103 100 35 24 2 2 21 6%s 1938 National Bondholders Central Funding— 43 An series 0724 f National Central 05 to 76 % Nat Container deb 5 24* *52. A&O National Dairy Products— 97% ! 25 104% Debenture 3%s i960 0.50% 0.625% 0.75% 0.875% 1.00% 1.10% 1.20% 1.30% 1.40% 1.50% 1.60% 1.70% 26 53 32 101 69% 64% 60% 40% 40% 84 33 39 33 39 23% 63% 37% 83 83 Leipzig Trade Fair 7s 1953.M&N f 21 Libby McNeil & Libby— 1st mtge s f 4s 1955 ...J&J 105% 85 Liberty Baking 624* 1944 M&S Liggett & Myers g 7s 1944..A&O 122% Gold bonds 5s 1951 F&A 129% 52 Lincoln-Boyle Ice 6s 1947—A&O Lion Oil Ref deb 424* 1952..A&O 96% Loew's Inc deb s f 3 %s 1946-F&A 104% Logan County Coal 7s 1942-M&N / 21 1st ext'd l-4s 1956 M&N f 12% Lot illard (P) Co g 7s 1944—A&O 122 5s. 1951 F&A 127% Mackintosh-Hemphill 5s'51.J&D Mahlstedt Mat'ls 5s 1955 A&O / 3% Mahon (R C) Co deb 5s '51. A&O 101 Manati Sugar 1st 724* '42—A&O / 49 Ceitificates of deposit. / 49 1st s f 4s Feb 11957——M&N 31 Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June 1.80% 3% 66 Dec. 1 1.85% 1.90% 1.95% 2 00% 2.05% 2.10% June 1 1948 Dec. 1 1948. June 1 1949 Dec. 1 1949 June 1 1950 Dec. 1 1950 84% 105% M - — 105 104 J&D 104% M — 1 1 1 1 1 1 1 1 1 1 1 1 1941 1942 1942 1943 1943 1944 1944 1945 1945 1946 1946 1947 1947 99% 99% 99% — - 100 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% - 100% 100% 100% 99% Natl Debenture Oorp 4-6s 1953— National Distillers Products— Conv 3%s debs 1949 M&S 100 100 100 100 , 100 100 100 100% 100% 100% 100 100 100 100 100 100 51 104 104% National Fire Proofing Co— 1st M M 93 Serial debentures— 105 104% 30% 3 104 0.375% June 1 1941. • 724 Saving® iBank (Hungary) 7 24* 1962 _F&A / Natl Consol Bond Corp 3-5s 1953. 80 78 95 95 200 40 524* A 1946.M&N Cum conv inc 5s 1952 M&N / Natl Grocers Ltd 4s 1947 A&O National Hungarian Ind Mtge Inst 7s 1948 M&N f Nat Ice & Cold Storage (Calif)— 1st s f ext 3%s-6s 1952 J&D conv 123 See Investing Companies National Oil Products— S f debs 3%s 1955 94 17% 18% 70 3 64 — National Industrial Loan— 130 93 — — — — — MM— — — — — 98 105 M Ml National Radiator — 128 97 . ... __ ■32% 102% J&D mmmtm Corp— Cum income deb 5* 1946—M&S / National Steel Corp— 1st coil M 3s 1965. A&O Serial notes 1 % 1941.....A&O 1942. A&O A&O 1943. A&O 1944. 1945. A&O A&O 1946. 1947. A&O A&O 1948. A&O 1949. 25 105% 100% 100% 100% 101% 101% 101% 102 102% 102% .... 105% ' - - -• mmmrnmt - MM — mm—~ mmmtm 75 26 67 47% 47% 47% 47% 10% Coll B 2 %-5s ser 2 1946 J&D CjII C 2%-5s ser 3 1951 —J&D Coll D 2%-5s ser 4 1956 ..J&D 97% 103% 70 82 Montreal Dry Docks 6s '48.F&A Morris Plan Corp— See Investing Companies Mortgage Bond Co (Md)— 3-5s Dec 1 1953 • 83 55 103% Mining 6s *47..F&A 21% 21% 102% Lukens Steel 5s extend 1955 M&N 88 92 Montreal Gotten deb 5* '43 .M&N 46 Stamped 1943... Leonard Tietz—Set Tletz 66 1931 1st 6s 1949 Monroe Coal 100% 1st mtge income 1975 J&D Lehigh C & Nav fund 4s '48 J&J Cons s f g 424* 1954 J&J Cons s f 424* 1954 ser O—J&J Lehigh Valley Coal— 1st 5s stamped 1944.... 1st & ref 5s 1954 —.F&A Stamped 1954 1st & ref 5s 1964 F&A Stamped 1964 1st & ref 5s 1974 F&A Stamped 197 4 Sec 6% notes eit to 1943-.J&J 100% notes 12 46 65 6% 33 44 21 Hamilton Mfg 5s w w 1951 —M&S Hammond Standish & Co— 32 8 Debenture 5* 1961 An Apr Lancaster Corp 324* A 1949.J&J Lautaro Nitrate Co— M&S - 25 61 Hale & Kilburn 6s '39 stmp—J&D Hamilton By-lYod Coke Ovens— 1st s f 58 ser A 1955 M&N 68 ser Molybdenum Corp of Amer— 6% notes 1942— J&D 100% Monon Coal—See Chic Ind & L Ry. Monong Riv Cons Coal & Coke— 59 49 s Mohawk Rubber ext 5s 1948 A&O Moire Ltd 1st s f 6s 1953 J&J 75 Gypsum Lime & Alabast— 5%i 1948 5-yr 60 5-6s April 1 1946 J&J Lake St John Power & Paper— 1st 524* 1961 J&J 47 f 6s 83% Missionary Sisters (Waukegan, 1st ref 3%-4s 1951—A&O 66 24 Gurney Foundry Ltd 69 1.70 1st 6s serles A 1935 A&O 1st 6s series A 1945......A&O 1st serhi* B 1948 J&J lit 68 series C 1950 M&N 74% La France Textile 1st 6s '42.J&D Lake Erie Bolt & Nut— 10424 48 Miller & Hart Inc. deb 6s '43 J&J Milton Mfg Co 6s 1952 M&N Minnesota & Ontario 102% 102% 103% 70 65" ~ 1.60 31 48 57% 104% 1.30 Miag Mill Mach'y 7s 1956—J&D Middle States Petrol 6%s 1945 68% Grigsby-Grunow conv 6s '36 M&S 96 99% 46 101 102% 64 Koppers Oo 4s 1951 M&N Kresge Foundation— 10-yr 3s coll trust 1950—M&S Kreuger & Toll— 58 uniform ctfl of dep 1959 Great Lakes Paper Co Ltd— 106% Paper Co— 97% Knudsen Cream'y 524* '50.M&N Koehring Oo (Milw) 5s 1945.J&J Koholyt Corp 0%s 1943 M&S 79 103% Corp— A 1949 M&S Messenger Corp deb 4 24* *51 J&J Metropolitan Ice 7s 1954...J&J 94 a 1st 6s 32% 63 M&S Gen "124 75 1940-1949 M&N Kingston Elevator 1st 6s '50 M&N 1st 4-5 H s (w s) 1949 100 67 J&D J&J Gulf States Steel 434s 1961-A&0 107% 63 Indiana Co 1st s f 5s 1950. .J&J Jones & Laughlin Steel— 31 Groc St's TYod conv 6s 1945.J&D 98 72 24 Isotta Fraschini 7s 1942 J&D f Jacobs (F L) 5 24% dividend 1st mtge 4 66 83 Merchants Ice & Cold Storage— 1st 6%s 1943-49 .A&O Mercury Mills Ltd 5%s '53.M&N Mersey Paper Ltd 5s 1957-.J&D 62 Jefferson & Clearfield Coal & Iron 21 100 Eq tr 2%s 1941-1946 A&O Merchants Distilling Corp— 5% conv deb 1947 M&S 10224 102% 102% A.. J&J interstate Deb Corp 2-5s Jan 1 '55 interstate Zinc & Lead deb 7s '32 / Iron City-Ohio River Corp— Iron City ser 6s Dec 1 '48-F&A / 1942 62 a 1% 1st & ref s r 5s ser B 1947.. J&J Ref mtge 6s 1955 ser A...M&S Internet Pow & Pap of Nfld— 1st M 5s 1968. J&J 1st 424* 1968 J&J notes 10524 lit s f 5* 1955 A&O / Griess-Pfleger Tanning Co— Cum income l-5s 1954 J&D 59 0824 Ohio Riv ser 6s Dec 1 48 F&A / Iron City Sand & Gr 6s '40—J&D / 65 7524 Grand Trunk Warehouse & Cold Storage 1st 3s 1958 A&O Granite City Pig Iron— Cum inc 5s 1943 -.M&S Graton & Knight 4%s '51--J&D ~5" 103 — 32 % 46 1954.~M&S Appeal 4%s 1952. M&S Mengel Oo conv 4 24* 1947-.M&S Merchants Dispatch— Eq tr 5s 1941-1942 J&D Eq tr 4%s 1941-1945 J&D 105" 99 % 15 92 1st mtge 4%s 1955 Memphis Commercial- 33 106 24 35 89% Bobbins inc— deb 5 24* 1950.M&N nnv Mend (Tb>) Paper— r 5s s u38on & 20-yr 82 M&N International 85 1942 74 94 1st mtge 3s ser F 1961 A&O Inspiration Consolidated Copper 1st mtge conv 4s 1952...A&O Inter City Baking 5%s 1948.J&J 72 76 68 extended 75 98 28 49% ...... 1st & coll 4 %s A 1949 A&O McCoid Kad & Mfg— 6s stamped 1948F&A McOormicks, Ltd. 4s 1952...J&J McCrory Stores Corp— 3%s s f debs 1955 A&O 21% F&A f 31 112 independent Brewing 6s '55.J&J Indian Refining 5s Dec 1 1941 100 Indiana Ice & Fuel 6%s '47-M&N 83 Ind Limestone inc 6s 1952.-M&N 4 Prior lien s f 6s 1942 M&N 54 [ndianapoiis Motor Speedway— 1st extended 6%s 1946-..F&A 80 industrial Acceptance 4s 1952 J&J 58 Ind Br'nhoist 6s Oct '54-An Apr95 Inland Steel Co— 40 a Granby Consol Min & 8m 5s 1942 3 20 Ilseder Steel mtge 6s 1948 s Maplp Leaf Milling—■ Stamped Massey-Harris 1st 4%s 3 / 3-524* 1958 J&D Marine Elev (Buff) ext 5s '52M&S Marlon St'm Shovel 6s '47-.A&0 Matthlessen & Hegeler Zinc— Extended 3-6s 1945 M&S Met oil Fronteuac Oil— 72% 72% (nternat Mercantile Marine— 1st M coll trust 6s 1941—A&O '44.J&J 7s Oct 15 1945—A&015 co 53 8224 Goodrich (B F) 4%s 1956—J&D Gotham Silk Hosiery— 5 f deb 5s w w 1946 M&S J&J Hungarian Disc & Exch Bank— 35-yr s f 7s 1963 J&J / Hungarian-Italian Bank Ltd Sinking fund 724* 1963 A&O / Hydr Press Brick 6s 1944 A&O f Hygrade Food Products Corp— Certificates of deposit.. Conv deb 5s 1941 J&J15jf Certificates of deposit r See Investing Companies. (Adolf) Inc— 16 36 45 24 Globe Industrial Loan— Gobel 13 Deb 91 Conv deb 4%sser A 1941.M&S Good Hope St & Ir Wks (Germ'y) 102% 30% Ask 95 7s without warrants 1941-M&N / 30 _ Globe Wernicke 6s Oct 1 - International Match Corp— 69 / «. Bid Manhattan Refrig 5%s 1941.J&J Mansfeld Min & Smelting— 64 Interlake Iron Corp— Conv deb s f 4s 1947.— A&O Gerlack-Barklow Co 6s 1950-F&A 102 % German A tlantic Cable 7s 1946. f 32 German Bldg & L'd Bk 6%s 1948 Glen Alden Coal M s f 4s '65 M&S - 58 II Progresso Italo-Amer Pub— Debenture 6 He 1943 w W..A&0 III Car & Equip 5s 1948 J&J i 4 24* ser A 1952- • 29% 1st & ref 6s Jan 1949 A_—A&O 6s 1949 aeries B .J&J — See Investing Companies. | Gen Rayon deb 6s 1948 w w_ J&D / Gen Stl Oast 1st 5%s '49 w w.J&J General Steel Wares— 21 102 J&J 2d mtge inc 6s Feb 1956— Hungarian Central Mutual Credit Mfg 7s 1937 60 -- Finance— 4Ms sf debs 1954 M&N Hudson Coal 1st 5s 1962 A.-J&D Hudson River Day Line— S f 1st mtge 6s 1946— 80 European Mtge & Invest Co— 18 1st lien 7%s 1966 ser B—.F&A 3 7%s Income 1966 it lien 18 1st lie] 78 1967 ser C M&S 7s income 1967 / 3 Everlastik Inc 1st 7s 1937-M&N 50 Fairbanks Morse & Co— 105% 20-year 4s s f deb 1956—J&D Fau ous Players Canadian— 1st & coll 3%s 1941-1942. J&D r 100 67 1st & coll 4%s 1951-——-J&D Farmers Nat Mtge Inst 7s 63A&C / 5 68 Federal Grain Ltd 6s 1949--F&A 68 Fed Portl Cement 6s 1947--M&S Federal Screw Wks conv 6 24*39 / 68 81 1st s f 5s 1949 M&S 99 Filtrol Co of Calif 5o 1946— J&D Finance Co of Amer at Baltimore 102% 4% notes 1947 -—M&S Finland Residential Mtge Bank— 8 f 6s stamped 1961 M&S 39% 104 Firestone T& Rub 3 %s'48—A&O First Bohemian Glass Works— 1st secured 7s 1957 J&J / 25 Flour Mills of America Inc— 29 Conv g 6%% notes 1946-A&O 35 Follansbee Bros 5s 1947 J&D 69 Fontenelle Brew 5s ww 1947-J&J 41 Francisco Sugar 6s 1950—.M&N Franklin Co Coal Co 7s w s'49J&J 50 49 Franklin Deb Corp 4-6s '53-J&D 69 Fraser Co 6s Jan 1 1950 J&J French Nat Mail SS Lines 6s "52 *30 Frick (H O) Coke 5s to 1944-J&J 110 Gair (Robn income notet- 6s 1972 60 Gair Canada) 6s 1956 75 Gair Cleve Cartons 4-4 %s 40 General Electric (Germany)—31 Sinking fund deb 7s 1945—J&J / Deb t>H» 1940 .J&D/ 31 Deb s i Hs 1948 M&N / 31 General Bonds Ask Bid Houston Oil Co of Texas— 104 2%s debentures 1950—J&D 15 Eljer Company 6s 1951 Elk Horn Coal Corp— Ooll s f 48 1966 J&D Empire Properties Corp 2-3s 1946 Empire Sheet A Tin Plate— 1st conv s i 6s 1943 _-A&0 Emporium Uapwell Corp— 4% notes 1942 Ernesto Breda 7s Bonds Housing & Realty Improv— (Berlin) 1st 7s 1946 M&N f 29 page 111. b Basis. /This price includes accrued interest. Jfc Last sale. n Nominal; r Canadian price. 83 MISCELLANEOUS BONDS & INDUSTRIAL FEB., 1941] bonds date of Issue NOTICE—All bond prices are "and Interest" except where marked "f" and Income and defaulted Quotations for all securities are as near as possible for the closing day of the month preceding the Pitts Steel National Supply— 1st M 334s 1954 Ooll tr s f 6Ms 1943 Natl Tool conv deb 6sww A&O 100 Pocahontas 1st Portld Woolen 100 Rican >orto 75 6s 64% 98 Royal Pulp & Paper— Corp 4-6s 1953. Deb 4-6s 1953. Deb Corp 4-6s 1953 Realty Atl Deb Oorp— 4-6s 1953 a 4.30 4.50 102 M&S — 49 M 80 1944-J&J Nor Amer Refract 6 Ms A&O 7s 53% 85 Queen Dyeing 1st 5s 1944---J&J Radio-Keith-Orpheum Corp— Midwest Oorp ref 6s 1940.M&N Railway Express Agency Inc— 7 3.40 2.25% 3.00% 2.50% SerialnoteS— 1 100 99 101 25 20 J&D - 10134 N'west Pub's Deb 4Mb 1948-J&J Northwestern Barb Wire Co— 102% 97 5634 84 O'Connor Moffat deb 6s 1948F&A 91 M&S 9 58 O'Gara Coal 1st inc 5s 1955 L938.J&J Ohmer Fare Register 7s 1! Old Ben Coal Corp 6s (w s) 1948 Inc deb 7 Ms (w s) Aug 1 1953. . 12 58 5834 10 . 11 99 Ontonagon Fibre Co 6Ms 1944 Oregon-Am Lumber 6s 1942-A&O Oregon Pulp & P 6s to *45--M&N Oreg Terminals inc 5s 1945 A&O Osgood Co deb g 6s 1943 J&D Oswego Falls Corp— 4Ms without warrants1952 M&S Otis Steels f 4A 1962...J&J Pac Coast Cement 6a A 1942.J&D Pacific Coast Co 5s 1946 -J&D Pacific Western 0113 M 1949.F&A 50 34 100 223*4 71 103 88 104% 88% 101M 102 10234 10234 6234 . 1 44 — 9534 43 M 70 . 102 . 100 (Portland Me) 4s 1958...A&O 3-3 Ms 1940-1948 A&O 634® 1946 Rom Cath Church Welfare 7s 1946 Ruhr Chemical 6s 1948 A&O Ruhr Housing 6Ms 1958--. J&J Sahara Coal inc deb 5s '40.M&N St Louis Amuse't 1st 6s '45-A&O St Louis Oar Co— 1st extd 68 stamped 1945.M&N St Louis Gas & Coke Corp— 1st M s f 6s 1947. I&D St Louis Rocky Mt & Pacific— 5s 1955 stamped J* J Secured s f 4s 1961 J&J 1937 A&O 50^- — Pennsylvania Glass Sand Corp— 1st mtge s f 3Ks 1960 Pettlbone MuJllken— 6s w w 1943 105315 J&D 40 M&S J&D Phelps Dodge 3 Ms 1952 Phila & Read C- & I 5s 1973--J&J Conv deb 6s 1949 M&S Phillips Elec Works 5s 1953.F&A Phillips Petr 3s conv deb '48.M&S Conv 134s debs 1951 J&J 54 5 / 107 34 107 17 18 434 4% 70 a 102 9934 99% Serisl notes— 0.25% 0.35% 0.45% 0.55% 0.65% 0.75% 0.85% 0.95% 1.05% 1.15% 1.25% 1.35% 1.45% 1.55% 1.65% 1.70% 1.75% 1.80% July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. 1, 1941 1, 1942 1, 1942 1, 1943_-___.-. 1, 1943 1,1944 1, 1944 1, 1945 1, 1945--1, 1946 1, 1946 1, 1947-.. 1, 1947 1,1948 — 1, 1948 1, 1949 1, 1949... 1, 1950--. Jan. 1. 1951 s f 6s 1946.M&N Phoenix Silk Mfg 7s 1943—F&A .M&N 1.90% - - 99% 99 % 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 99 100 100 100 100 9934 9934 99% 99% 99% 99% 99% 99% 99% 99% 99% 99 99% 10231? 3% "5" - riO &J Pittsburgh Coal deb 6s *49—F&A Pittsburgh Coke & Iron Co— 1st mtge conv 4 Us 1952—M&8 Pittsburgh Crucible Steel— 5s 1941 M&S 5s 1942 M&S 5s 1943 -M&S 5s 1944 M&S M&S R 5s 1945— h "134 104 . / 17 5s 1944 12 1955—M&N on^ / B._A&0 / ... Schulze Baking 1st 6s 1945--M&S Scovill Mfg 3 Ms debs 1950...T&J / 6 105 10434 2234 Secured cum Inc 3-5s Apr 1950s f 1947 J&D 95 49 45 Stevens & Thompson Paper— 1st ext 3 Ms (w-s) 1958.M&S / Without stock— / 49 Stillwater Worsted Mills 107 100 Ms 34 Stinnes (Hugo) 85 Corp— 28 1946 A&O Stinnes (Hugo) Industries— 44 7-4s 3d stamped 1946.___.J&J Certificates of deposit / 100 Strange (John) Paper 6s *44--J&J Strawbridge & Clothier— 102 1st s f 5s 1948 M&S 7s 2d stamped 21 — 17% 1834 67 69 105 21 21 31 22 2 Struthers Wells Titusville— - — 94 1st mtges f 5 Ms ww 1949. A&O Studebaker Corp 6s 1945 J&J 107 M Stutz Motor Car 7 Ms 1937--A&O Sugar Estates of Oriente— 1st 7s 1942 ctfs of dep M&S / Sugar Pine Lumber Co— 1st M serial 6s 1940-1942-M&S / Summerfield Hecht—• Extended 3-5s 1951 80 24 40 17 20 85 21 21 22 9 10 85 — - ■» 34 Term 34 Texas 100 101 106 107 49 49 9734 1 2 92 12 85 23 100M 4 103 % 100 97 M 12834 100 Warehouse 2d 5s '42-.J&J 54 Corporation— 10634 s Corp w 107 M 105 §%debentures 1965 debentures 195 Texas Sugar Ret Thermoid Co 5s 105M M / 98 w 99M 69 71 10234 85 ' 100 1st s f J5Ms ser A 1951 1 Tietz (Leonard) 7%b x-w '46.J&J / Tilden Lumb & Mills 6 Ms'46I / Tivoli Brewing conv 5s 1947 Tomahawk Kraft Paper— 40 30 -534 . 96 80~ ~ 99 95 50 27 if Ulen & Co— / 98 100M 10034 10034 10034 67 72 7 8 60 9734 Union Oil Co of California— 6s May 1 9934 9934 99 34 9934 F&A J&J Sunlight Coal Co 5s 1947 Superior Elevator & Forwadlng— 6s Jan 1 1951 M&N Superior Oil 334s debs 1950-A&O Susquehanna Silk MillsSink fund deb 5s 1938—J&D Swift & Co 334s 1950 M&N Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel Coll Inc 7 Ms July 1 1958. .A&O Tenn Coal Iron & RR 5s 1951 J&J Term Refrig & Warehouse Oorp— 434s 1948 A&O 30 30 45 45 102 Scripps (E W) deb 5 Ma 1943 F&A Scullin Steel Co— 84 1st conv 3-6s 1951 -A&O 100 Seattle Times deb 434s '41—J&D 99 Deb 4Mb 1948—.:: J&d Securities Acceptance Corp— See Investing Companies. 434 Seneca Copper Corp 7s 1933.J&J Shaffer Oil & Ref 6s 1933 M&S Shaker Co inc 7s 1936 M&N f 2534 Shell Union Oil Corp— —J&J 97 2 Ms debs 1954 1961. J15&J 4034 Stern Brothers 6s 734 38 coup 0.375% Jan. 15, 1942. 0.75% Jan. 15, 1943. 1.00% Jan. 15, 1944. 1.25% Jan. 15, 1945. Conv Incomp S'west Lumb Mills 5« 22 > 105 10334 1950 100 75 Schoenstadt (H) & Son 6s 1950 — Schuico Co 6 M® 1946 J&J / s f debs Serial notes— s 15-yr 234s deb 1953——J&J 99 — 20-yr 234s United Ice Co— 1942 ser A 106% 104 % T f United Amusement Corp— 1 st 8 f 5s ser A 1956 106M 13% 1431 105 68 66 106M 108 108 $75.98 announced on Dec. 31 a distribution at the rate of $77.50 on each original $1,000 principal amount of debentures; on and $1.50 on account of interest. Previously paid 5% on July 7, 1939, and 5M% on Sept. 25, 1939. Previous notice of 5% in a.Called for redemption; see pages 111. & Basis. / This price includes accrued interest, k Last sale, n Nominal, r Canadian % Chase National Bank account of principle 24, 109 62 M ■3934 f 4 Ms 1967 Stanly-Rowl-Clark 6s 1946—F&A Starrett Corporation 103 6% notes 1937 6Ms 1946 ser Stamped New England Ice— A&O Southwest Dairy Products— s Stand Textile Prod 6 Ms '42 M&S 103 M / / / / / Saxon Pub Wks (Germany)— . F&A f 1st extl s f 78 1945 Gen & ref 6Ms 1951 M&N / s r 99 10134 33' 21" 1954-—A&O f Saratoga Victory Mills— 6 Ms with warrants 1943 J&J Guar 90 10534 2834 Saltex Looms Inc 6s Stamped (July 1933 J&D A&O 6s 1946.F&A 102 100M 99 J&J / 9934 Sayre & Fisher Brick 6s 1947. J&J / 100 99 1.85% July 1, 1950 Phoenix Iron 1 st — 99 34 .. 99 75 Spalding (A G) & Bros— 5s 1989M&N Standard Ice 1st 6s 1947-..-F&A Standard Oil Co (N J)— Debenture 3s 1961 J&D Roman Catholic Bishop Roman Catholic Church 77 M&N 101 J&J f 96 Penn Mercantile Properties— Penna Cent Brewing 6s 69 „ 77 90 10634 J&J 104 M&S Richmond Cedar Works 6s 1953- / 103 M Richmond Hos Mills 5s 1948-F&A Richmond (Va) Ice Co— 102 1st & ref 5-6 Ms 1947 A&O 96 Richmond Radiator 5s 1948 M&N 45 M Rima Steel Corp 1st a f 7s '55 F& v River Raisin Pap 1st 6s '45--F&A 72 Roberts & Oake (Chi) 6s '44.M&N 102 M Rocky Mtn Fuel 2M« 1943.-A&O f Rolland Pap 1st 4 Ms A '51-M&N 100 10034 J&J A&O 1st Southern 10434 10634 10334 - 10234 - 104 66 - Richfield Oil of California— Conv f 4s 1952 44 J&D15 Certificates of deposit Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952—M&S 1st mtge lien 3s ser B '60.M&N Paramount Pictures 3 34» '47.M&S Parmelee Transportation Co— 8 f conv deb 6s 1944.. .A&O Pa ton Mfg Ltd let 4 H* '56.M&8 Peabody Coal Co (Consol Co)— 1st s f 5a 1953 ser A .M&N Peerless Cement 1st 5s 1948--J&J Penman's Ltd 1st 534s '51--M&N Penn Amer Goal 6s 1941-56—J&J Penn Dairies 1st s f 6s 1949..J&J 10434 10434 10634 10334 M&S '51..F&A Rhode Island Ice 5s w-s Richardson & Boynton Co— )um income 4s 1945 101 % 101 Southern Kraft Oorp— 1st leasehold 4 34s 1946--. J&D 1st 4s w Restigouche Co Ltd 6?- 1948-F&A Revere Copper & Brass — 1st mtge s f 3 34s 1960—M&N Reynolds Met deb 3 Ms *61—J&D Rheem Mfg conv 5s 1948— A&O Rheinelbe Union 7s 1946 J&J 6534 100 99 1st conv s f 6s 1940 . warr'ts 1956 M&S Rhine-Main-Danube 7s '50 Pan Amer Petrol Co (of Calif)— 102 M 5 %a 1948 Oil Go— TJtil conv Sou Ice & Southern assented 1946.-— 103 1st & ref 5-8» 1942 64 10434 10334 Republic Steel Oorp— Gen mtge 4Mb ser B 1961.F&A Gen mtge 4 Ms ser O 1956 M&N Purchase money 534* '54.M&N 3 34s Wesson 10034 99M Southern Ice Go— V'-' 62 1952-J&J 90 88 1 101 1st mtge sf 4Ms 1955 Southern Brighton Mills— 1st 5s extended 1950 20-yr deb 4 %n w w 195ft— 4 34ft*'without 1 1 1 101M Southern Advance Bag & Paner—- Remington Rand Inc— 10 68 101 101 24 Reliance Grain Ltd 4%b 71 103 M 98 South Coast Oorp— Gen mtge inc 6s April 1950 98 J&J OceanSSCo (Savannah) 5s '43J&J 102 M 19421943.. 19441945.. 1946.194719481949-. 1950.. 10034 10034 10034 41 a J&J 3s debentures 1964 59 f 3*48 1963 s conv Nov Nov Nov Nov Smith & ■ 34-1 34 % June 1 & Dec 1 50 180 85 70 103 1941- So cony-Vacuum Nova Scotia Steel & Coal— 1st 3% 3% 3% 3% 33 95 98 97 1st mtge s f 5Msw w 1945.F&A 6Ms without warr 1945-F&A ' & Dec 1 '42 & Dec 1 *43 Dec 1 19442-234% Junel &Decl 1945. 2 M-2 % % June 1 & Dec 1 '46 2 M-2 % % June 1 & Dec 1 *47 100 % 10434 31 1 %-l M % June 1 1 %-l % % June 1 1 34-2 % June 1 & 101 Redwood Lumber— 1937 6s 10434 .—. . 3.00 2% Nov 1 2% Nov 1 2% Nov 1 2% Nov 1 2% Nov 1 3% Nov 1 72 5 Ms 1947—M&N Purity Bakeries 5s 1948 J&J Quaker City Gold Storage— 1 st s f5s 1953 -—-M&N 2.75 M&N 1st mtge 5s to 1948 Debenture 6s 1943 1946 Prov Paper Ltd 3.00 96 Serial debentures— 98 21 40 —M&N —M&N 1st 4s 1940-1947 57 99 60 Equip trust 4s ser I Jan 1 *41-'43 Equip tr 4s ser J 1941-46-J&D Eq tr 3 Ms ser K 1941-48--A&O Northern Llec & Nor Pap Mills— 64 55 Storage— 6s 1958 J&D Protestant Church of Germany North German Lloyd— 20-yr s f 6s 1947-_M&N New 6-4% 1947 -M&N North Western Refrigerator Line 62% „ Income 93% Skelly Oil 3s deb 1950 F&A Slattery Co Inc 5%a 1954—J&J Smith (Howard) PapSr Mills Ltd 1st 4Mb 1951 4 J&D Smith fL O) & Corona Typewr'rs 97" Produce Term & Gold 1st M&S 1943 61 97 M&S M&S M&S 1st 5s 1957 99 34 f 6 Ms '51 with war M&S 2930 Ann Apr Simpsons Ltd— 1st & coll 4Ms A 1951 94 *51—J&J 2d conv deb 4s 19571st 3 Ms 1941-1943 North American Cement Corp— 99 5634 Potrero Sug 7s stmp 1947—M&N Pratt Cons Coal 1st s f 5s 55 J&J North American Oar— 3.50% 3.70% 3.50% 51 - - Pressed Steel Car Co 5s Price Bros & Co Ltd— 102 4.15 Deb g s Deb 6s SIgnode Steel Strap 3 34s '45-A&O Milesian-Am Oorp 7s 1941 F&A Bilverw'd Dairies 5s '41 to '51 J&J Si mmons Co Oonv deb 4a*52A&O 51 Potomac 99% 99% 99% Halske— Siemens & 80 1234 b 98 51 Potomac Md — Shippers Oar Line— Equip trust 5s E 1941-42-.A&O Shuron-Optical 6s 1951— 93 Potomac Franklin 52 a :::: 47 97 12 1943M&S 9334 ff 96 100 47 Equip trust 43i« Aug 1 '41-'46. Equip trust 4Mb Nov 25 '41-'43 Equlpt tr 4 Ms 1941-47.J&D15 Equip trust 5 Ms Sept 1 '4l-'44 v Potomac Deb J&J Nordberg Mfg Co 1st 6s 104% J&J deposit—- stamped 1942 5s to 1942 ...M&S Potomac Bond Corp 3-5s 1953—Potomac Cons Deb Corp 4-6s '53- M&N Corp 4s 1952 Amer Tobacco— Certificates of deposit Port - — 101M 10034 a 99% 99% 99% Jan. 15, 1947 1.875% Jan. 15, 1948 Jan. 16, 19492.00% 2.125% Jan. 15, 1950 Jan. 15, 1951 2.25% 2.375% Jan. 15, 1952 2.50% Jan. 15, 1953 Sheridan-Wyoming Coal Co— 'st s f 6s 1947 J&J 106 104 J&J 1946.--A&O Mills 6 34s'44 M&N Certificates of _ Deb 4s 1941 M&N 1957 Conv 6s 1942 59 % ^ 3% Consol Collieries— gold 58 Corp—(Concluded) Jan. 15, 1946 1.50% 1.50% 1.75% 10034 10034 f Poor & Co s f deb 4s 75M . Northern .J&D & Transfer— 1st rei 5s 1936.. 38 48 '42F& A 20 NewNiquero Sug3Ms'40-'42. J&J 57 M N Y Doc.k Co 1st g 4s 1951-F&A 64 Conv 5% notes 1947 _A&0 NYLE&WC&R R— 1st 6« ext 5M% 1942 M&N / 95 NYLE&W Dock & Impt— 93 M Extended at 5% to 1943—J&J 101 N Y Shipbuilding 1st 5s '46-M&N New York Trap Rock Corp— 92 1st mtge s f 6s 1946 J&D 99 M 6s stamped 1946 __J&D 96 Partic deb 2d mtge 7s 1946 J&D tNew York World's Fair 1939— Income 6Ks 1953 1950 Pitts Term W'house Bid Bonds Shell Union Oil 103 a F& 4 1st mtge 4 Ms 105 104% Nat Union Mtge 4-6s A '54—J&J 3-5s series B 1954 J&J New Eng Laundries 5s 1956-J&J 6Ms f 6s 1948 ^ J&D National Terminals Corp— Gen & coll s f 6Ms 1940—A&O Nivelle s Ask Bid Bonds Ask Bid Bonds October was incorrect. price. 84 INDUSTRIAL MISCELLANEOUS & BONDS NOTICE—All bond prices are "and interest'* except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds United Oigar-Whelan Stores— S f 6s Oct 1 1952 A&O United Corps Ltd inc 5s 1953 F&A United Drugs 5s 1953 -M&S15 United Elec Ooal Cos lnc 7s 1940. d „ Ask 72 61 87^ 9 64 5s series A 1948. J&J 98m 6He series B 1949.. M&N r United Industrial 1st 6s 1945-J&D f 30 Deb6Ms 1941 M&N f 30 U 8 Finishing 5s 1944 5 -J&J f United States Radiator Corp— conv deb s f 5s 1940 84 ..F&A United States Steel Corp— Serial debentures— 99 M .50% due May 1 1941.. 99 M .625% due Nov 11941— 100 .75% due May 1 1942— 100 .875% due Nov 1 1942... 100M 1.00% due May 11943—, 100 M 1.125% due Nov 1 1943 100* 1.25% due May 11944 1.375% due Nov 1 1944. 100* 100 M 1.50% due May 11945 100M 1.625% due Novl 1945.. 102 M 1.75% due May 11946... 102 1.80% due Nov 11946... 101M 1.85% due May 11947... 101M 1.90% due Nov 11947... 101M 1.95% due May 11948... 102 2.00% due Nov 11948... 101 2.05% due May 11949... 101 2.10% due Nov 1 1949— 103 2.15% due May 11950-. 103M 2.20%dueNovl 1950— 101 2.25% due May 11951... 101M 2.30% due Novl 1951— 101M 2.35% due May 11952... 101M 2.40% due Novl 1952 1 101M 2.45% due May 11953—.—. 103 M 2.50% due Nov 1 1953—... 101M 2.55% due May 11954 102M 2.60% due Nov 1 1954... 104M 2.65% due May 11955 United Steel Works (Germany)— 0Ms series A 1951... J&D / 31 _ . .. 3 Ms assented A 1951.. i6Ms series O 1951-. —J&D 3 Ms assented C 1951. 6Ms series A 1947 ...J&J 3 Mb assented A 1947., United Stockyards Corp— 15-yr coll tr 4 Mb A ww '51 A&O Universal Sewer Pipe 6s 1943.J&J Utah Ice & Storage (Colo)— 4-5s 1954 J&D Valvoline Oil ext 5s 1947 M&N xVan Camp's Inc 1st 6s 1943..J&J Wan Dorn Iron Wks 7s June 11942 74 1st coll conv 5s 63 87m 68m 100 «. - « «, — 86m 100 H 100 M 101 ioIm 102 1951- A&O Bonds 77 Vertientes Sugar 1st 7s 1942— Certificates of depos t / 7iau Biscuit Oprp 6 Ms '40—J&J r Bid 30 98 Virginia Hot Springs Co Inc— 2d mtge 1 M-4s ser A 1979 / Cumincls-4s ser B 1979 / Va Iron Coal & Coke 5s '49-M&S Vulca hite Portland Cement— 1st 7 Ms 1943. M&N Wabasso Oot'n 4s-4Ms '51— F&A 65 Warner-Quinlan Co 6s 1939.M&S / Warner Sugar Corp 7s 1939.J&J / 50 18 102 102 103 102 67 Debenture 6s 105 Conv Webster 103 102 102 103M 103 104 M 103 M s f deb 6s 1941— M&S/ 54M C&( V 1st g os '42 op M&S 98 West Va Pgh Ooal 6a 1947— / 5 West Va Pulp & Paper Co-— 1st mtge 3s 1954— J&D 103 Western Auto Supply,Co— 3 Ms sf debs 1955— M&S 99M .... 33 Wheeler 103, 35M 40 Osgood Co 6s 1941.M&S / 1st 4s 1953. 57 J&J / 40 30 No. 90 ser $ Canadian dollar value, a Called for redemption; see page y 80 Beats, 70 members. 1947—A&O 111. b Basis. 103M 103 102 M Last sale N Y Stock Exch—.1,375 $27,000 N Y Cotton Exch.. 450 3,700 20 344 YCof&Sug Ex. N Y Curb Exch... Boston Stock Exch. 867 977 228 75 125 NY Prod Exch Assoc membersh_ Baltimore Stk Exch 104 96 96 100 28,000 $30,000 2,800 3,800 1,400 1,500 2,500 1,400 2,500 867 100 650 Commodity Exch— Chicago Bd of Tr._ 56M 54M 400 "590 125 25 1 2,500 2,500 1,549 550 Chic Merc Exch 473 400 450 325 500 400 300 1,500 2.250 500 103M Chicago Stock Exch Cleveland Stk Exch Detroit Stock Exch 1,500 1,800 99M Ft Worth Gr & Cot 65 300 Kan City (Bd of Tr) Los Ang Stock Exch 213 4,100 70 Milw Grain & Stk. 157 600 150 150 Minn Ch of Comm. Minn-St P Stk Ex. 523 18 500 750 9 1.10 % 1.15% 36 66 . 41 — 105M New Orl Stock Ex. Pblla Stock Exch St Louis Exchange. Salt Lake Stock Ex. San Fran Stock Ex. Seattle Stock Exchl 69 1,500 "360 670 '400 200 "750 10,000 27 75 113 Seattle Curb & M. j Toronto Stock Excb $16,500 Washington Stk Ex 40 464 18,000 255 Winnipeg Gr Exch. 90 3,500 1,000 100 t1,750 y80 $18,000 415 500 100 70 400 200 300 100 41 500 42 500 Montreal Curb Ex. Montreal Stock Ex. 2,600 600 55 New Orl Cotton Ex 10M 10M 15 A 1930 J&J / Secured 6s 1945 M&S 85 Wiibur-Suchard 4s 1952 / 21 Wilson & Co 4s ser A 1955—.J&J 106M 5-year 7s 102 % 102 EXCHANGE SEATS 96 87 Pittsb Stock Exch. 7s certificates of deposit 1935— / Prior lien 7s certificates 1935 / 62 90 102 M 98 80 57 105M 105 86 - Wheeling Steel Corp— 1st M s f 4Mb ser A 1966—F&A Whitaker Paper 7s 1942 M&N Wickwire Spencer Steel— 92 95 94M Western Fruit Express— Eqtr 4Mb ser D 1941-44—J&D 6 1.35 4Msser E 1941-1945—.M&N 6 1.45 Western Grain Co 6s 1949—-J&J / 34 Western Newspaper Union— Conv deb 6s 1944... ..F&A 64 Weyenberg Shoe Mfg— Debenture 4 Ms 1945 J&D 103 M 100 100 88 J&D 1943 100 99 99 Youngstown Sheet & Tulie— Conv 4s debs 1948 .M&S 1st mtge s f 3 Ms ser D '60 M&N N 5Ms notes 1937 M&S / 53 M Warren (S D) Co— 1st mtge s f 4Ms 1952—M&N 103 Conv deb 4M« 1952 -M&N 93 Watab Paper 1st 6Mb 1942—J&J 93 M 82 45 68 99 — Warren Bros Co— 93 7 57 H Woods Bros Corp 6s 1937 A&O Woods Mfg Co Ltd 1st 3s to 41 J&J 3 Ms series A 1942-1945- —J&J 4s series A 1946-1947-—.-J&J 4 Ms series A 1952 -J&J Woodward & Tiernan Print— 6s 1942 ...J&J Yates-Am Mach 3-6Ms '44.A&0 York Ice Mach 6s 1947.. -.A&O Walker 33 36 M II si" Extend Income 6s 1963 —M&N Wood & English coll 7s '39..M&N 84 Walker Coal & Ice 6s 1945—M&S 70 (Hiram)-G & W— Deb 4Ms 1945 J&D 103M Waltham W'tch & Ol'k 6s '43 J&D 103 Walton Lumber 1st 6 Ms *41 Q-Jan / 25 Walworth Co 6s s f deb 1955.A&O 93 20-yr 1st mtge 4s 1955 A&O 67M Warner Bros Pictures-— 6s debentures 1948 .....M&S 95 Warner Co 1st 6s 1944-....A&O 86 82 Witherbee Sherman Inc— 7 5 54 75 100 M -M&s Wise Lime & Cement 6s '38_A&(> 6M ... 3 Ask 70 Winslow Bros & Smith— 5Ms 1943 Alcana Sugar Co 6s 1955 J&J f Victor Fuel lSt s f g 5s 1953-. J&J Va Hardwood Lumber 6s '42. J&D Conv debs 3Ms r Ask Wilson (W P) lnc 6Ms 1945.M&N United Grain Growers Ltd— - Bid Bonds $1,050 "950 107M 103M I; Last sale, / This price Includes accrued Interest. n Nominal, Canadian price, Quotations are for the last day of the month preceding the date of issue. 2H 2M 99 M 99 99 Lincoln 5s Phoenix 5s 99 Phoenix 4 Ms... St. Louis.. Chicago— 86 99 37 Oregon Washington—.. Pennsylvania IMS, lMs. 40" 99m 101 101 ....... Southwest (Ark.) 5s 98 54 74 60 41 64 14 2 3 ...... 1 95 36 115 Pennsylvania......... ......100 78 49 IS 5 6 5 102 40 125 86 99 Virginian Is.... 99 M 100 99 Union Detroit 2 Ms 72 85 50 — 24" 22 San Antonio Ms, 2s—. Southern Minnesota..... 99 Ask 81 ...... 84 North Carolina Ms, 1 Ms 99 Company in receivership, 86 89 .... Bid Atlanta 90 Lincoln 5 Ms New York 5s. Par —100 Atlantic...................100 Dallas... .........100 Denver. 100 Des Moines.......-..—....100 First Carolinas. .......100 Fremont.......100 Lincoln ———100 New York 100 North Carolina.. -100 Stocks Ask 99 ........ 99 Refunding 1 & lM®—... Fletcher Ms, 3 Ms.— Fremont 4Mb, 5 Ms....... Illinois Midwest 4Mb, 5s... Indianapolis 5s Iowa 4Mb, 4Mb r 11 9 ... First Trust ot Bid Lafayette Ms, 2s....... Lincoln 4Ms.. 99 99 Burlington Chicago —— Denver 1Mb, 3s. First Carolina 1 Ms, 2s First Montgomery 3s, 3 Ms. First New Orleans Is, 2s... First Texas 2s, 2Ms Bonds Ask Bid Bonds Atlanta Ms, 1; Atlantic 1 Ms. 99 San Antonio—.......... 14m Quotation shown is for all maturities. x 15 100 2M 5 Virginia 3M Ex-dividend. Investing Companies Stocks and Bonds Concluded from page 72 Stocks and Bonds Par Per Seaboard Commercial........10 Preferred w w 50 Seaboard Finance Corp..... 1 5m Beoond Carey Trust....—.100 8econd Investors $3 prior pref.25 $1.50 convertible preferred—.5 B«*curities Acceptance Corp— Common .—.4 6% preferred 25 4 Ms conv debenture 1950.J&J Securities Corp General com—1 Securities Invest com.— * Preferred. .........100 Selected Amer Shares Inc —.2 M Selected Income Shares—....1 Selected Industries com ...* $5.50 prior stock.........—25 Convertible stock ........5 Allotment certificates...... ....... ...... 24 A" 26M 37 a .... , , * Super Corp of Class AA W7°M 3.59 42 2 42M m 8 13.79 7M 18c ...1 9 10 23c 2.10 61M share 54c 79c 1.28 Trusteed Amer Bank Shares B 25c Trusteed Industry Shares——25c Trustee N Y Bank Shares—....1 ♦Trustee Stand Invest ser 0....1 ♦Class D 1 ♦Trustee Standard Oil shares A.l ♦Series B ...1 Union Investment common... ..* Conv deb 5s 1946— M&S U S Elec Light & Pow tr Ctf A. Trust ctfs series B U S & Foreign Securities com..* —J&J "4M at* 36 45M 55 $6 1st preferred * U. S. & International Sec......* 1st pref with warrants......* Utll 3M 4M ill 69 M Tlfl 107M 107$ ......... 1953 Par .. TransamericaOorp—...—.—2 Tri-Oontinental Corp.—..._.* 6% cum preferred——.* deb >tt 58 M Am dep rets ordinary....«..£! Am dep rets deferred—.£1 conv 6.13 12.99 —* Talcott (James) com 5 M % partic preferred—50 Tobacco & Allied Stocks Inc....* Tobacco Securities Trust Ltd— 5s 5,54 Stocks and Bonds Ask share America— Warrants—— Equities Corp com—..10c $5.50 priority stock —......1 Utility & Industrial Corp......6 Convertible preferred........7 Wellington Fund ........ 1 Western Reserve Investing—_ Deb 5H* 1944.. .....F&A _ 85 82 Quotations not furnished by sponsor or issuer. Sovereign Invest. Inc., com 1 Spanish & General Corp— Bearer shares. Registered shares Spencer Trask Fund Inc * Standard Amer Trust Shares.... 1 Staadard Investing Corp— $5.50preferred w w.......—* Standard Utilities Inc........50c 23 99 Bid Per ♦State St Investment Corp 9 Shawmut Bank Inv Trust— Common......—-—* 4M. Mar 1 1942M&S 5s March 1 1952 M&S Par share 35"" (2 cum pref w<w— ...——* $2 cum preferred.........—.* Stocks and Bonds Ask Bid * No par value, a Called for redemption* see page 111. k Last sale, n Nominal. * Ex-dividend. Quotations for all securities are as near as Stocks Per Par Stocks Ask Bid Par share 48 44 25 27 * 35 H 37 10 8% Mills Cannon STOCKS Co common Northern Mills Preferred, Apponaug Oo Arlington Mills 18 Beaunit Mills 79 83 99 102 5 Climax Spinning-.50 79 83 Common—-.100 (D El-100 43 47 Spinning.- 68 16 93 Crescent 14% 12 Dtllas Mfg (Ala) Berkshire * * Spinning Co 5% preferred Beott ' Mills Borden * Brighton Mills— Preferred. 100 13 15 Draper Corp * Farr Alpaca 100 Franklin Process-_* Fruit of the Loom 74 78 % 31% % 32% 6% % 5% 8% Cotton—• Genera) ' Globe Knitting..2% Goodall Worsted-50 Gosnold M (N B)._ Preferred 100 - - A— $6 part pref preferred--100 33 1 6 • 14% Oo 16% 116 82 87 15 58 87 92" 28 13 I 97 25 38 42" 39 43 14 16 Liuford 80 Mills.. Marion 76 83" 61 Mfg Co.—_ 66" 36 41 $May Hos'y Mills.-1 12 % 14 28 29% preferred * Mills Mill pref.-100 56 61 20% 20% 20 Vs Mock Judson 6% prior pref. _ 50 Pacific Mills » 52 54 12 12% $4 21% 1 Mills com- 100 100 ich Borden Mfg— guissett Mills 100 See Borden— Sagamore 100 * Mills 7% preferred..100 United Elastic * 65 60 65 22 63 H 17 19 21 23 25 25 7% preferred--100 29 4% 34 0% 37% ~8% Knitting—50 18jf 20% preferred—50 32% 35 38 10% 13% 15 11 126 Acme Spinning Alabama Mills American Enka— * 2% 83 120 6 8 11 13 Mfg 10 7% preferred... 97 - - — — 3% Spartan Mills. Startex Mills 100 20 Sterling Spinning— Spinning American shares.* 54 57 Stowe 88 92 Textiles Inc com__10 Class A pref 100 Cotton Mills.. Appleton Oo Preferred 100 new 20 100 Class B pref 87 105 21^ 25 Arondale Mills— 1 Bel ton Mills (80) .25 Mills 17^ Preferred--' Bibb Mfg 100 Brandon Corp A. 100 Class B * 7 % preferred- -100 Burlington Mills __1 $2.75 conv pref. * 86 35 1% 97 17 52 120 21% 68 75 2.20 130 36^ 9~~ 6 90 38 3 100 38" 17% 53 N Y & Honduras -.10 Noranda Mines2.50 North Butte 79" 83 14% 16 Oklahoma Interstate 45 47 Mining Com—25c Preferred B 50 Oriental Consol 118 47 108 7% preferred- .100 Washington MillslOO 120 16 8 2% 2% 5% B 27 5% 8% 50% 35% 150 * Lab'tories. » Stove 51 118 $6 preferred 75 Aberfoyle Mfg.. 100 Preferred 100 Abitibi Pow <V Pap.* 63 20 6% 12 40c 55c 4% preferred .100 7% preferred--100 10% 10% 3% 30% 6 133% % 31% 67 9 60 3% Abraham & Straus.* Acme 'Heel 25 39% 43"" 46 49 17 TU 18 21 .* 21 22% 14^ 2% 15 15 17 Addressograph Multigraph Corp 10 Rumely..* 3 Aeolian Co— 32% 6% preferred A .50 Aero Industries Technical Inst.—1 10c 20c" Aero Supply % 13 % % 13% 78c 86c 10C g 10 - Adams Millis... Advance 1 511 1191 4%% convpfd 100 Abbotts' Dairy * Abercrnmb e & Fitch Common 1 5% 6% , Mfg— 1 1 22 Aeronautical Corp.l 4 Class A Class B 4% 5% % Warrants 27 29 Aetna Rubber— 31% 31^ 8% 100 Aetna Stand Engine* 4 Agfa Ansco (Del)--l Agnew-Surpass Shoe 15 8 % 3% %t Preferred 6% 11% 5 Common ' 51 — mm 98 123 — — Mining. Pacific Tin Consolidated Park-Utah Consol Mines --—-100 5 Air Associates (N J) 1 Air Communlcat'nsl Aircraft Accessories 1 Aircraft Precision..! Aircraft & Deisel Equipment Preferred 3 63 % 27% , 3% 64% 28 % 36% 18% % 37% 35c 37c 18 Alnsworth Mfg 107 5% 11% 1 1% 3 2% Airplane & Marine % Direction Finder Ohio Copper of Utah 5 Mfg Co.... Ware Shoals Mfg 100 A 28 Nlpissing Mines—_5 18 104% 7% preferred—100 Walkce 5 150 12c m> Thomaston Cotton 17 It" Real Estate (DO) 100 Title Guar & Trust of New York. .20 «.«»«»« Rosario. 0%% pref 100 Buffalo Mills Common. 10 1st 7% pref 100 2d 5% pref...100 Victor-Monagh'n 100 Mortgage Guar--* Acme Wire Gold Mini 26 Louisiana L'd & Ex 1 Magma Copper Ool 0 8% Mclntyre Porcupines Miami Copper....5 91 Mining Corp of Canada * Mt City Copper..5c 73 National Tunnel 80 and Mines com..* 2.40 New Jersey Zinc.-25 Newmont Minlng.IO «» Amer Title & Guar25 INDUSTRIAL AND MISCELLANEOUS 10% 3% Lava Cap Union 68 4% 60 Mills common .100 Arcade Cotton 24 - 10 Copper 20 Internatl Mining..1 Island Creek Ooal.l 1 ... 6% King David Mih.50c KIrkland LakeGold 1 Lake Shore Mines. 1 6 % 99 87 Amer Yarn & Proc— Anderson 12 101 - 165% 5% 1 Isle Royale Cop.-25 Jardlne Mining 1 Kennecott Copper.* Kildun Mining,.---1 104 Bleachery • Preferred. 100 Southern Franklin Process com.. * Print Wks ... Bankers Bond & 24% 1% 41% 34 $6 preferred Southern 2 200 5 — GUAR¬ & SAFE West Jersey Title & Guar Co 50 50 * 2 — DEPOSIT STKS 2% 5% 8% Inspiration Cons 78 - • 24 • Idaho Md Mines. .1 9X ANTEE Abbott Howe Sound Oo—5 Hudson Bay Min Illinois Zinc. 47 5% & Smelting 70 115 Saxon lst mtge notes 3 1% 24 6% preferred-.100 Mills Mills---. 50 Rowan Cotton 7% preferred 100 Southern Weaving.* Southern Webbing Mills 10 Southern Worsted- Southern Mills Abbeville Mills-.-.5 28% 21 8 & & 36 loo" 27" 25 Smyre (A M) 101 6% Mohawk Cotton Mills-. 100 Wamsutta M -100 Wayne Knit Mills.5 75 Riverside & Dan Riv Common 80 6% 35% 101 50 ... Columbia (D O)—5 8c Copper Co 100 Mining...25c Holllnger Mines 5 Homestake Mining common .12% Riverdale Mills— 29 4 W) Mfg. .100 99 1.05 1 Hecla 82 TITLE 4% % 16% 9% 40 1 12 ~~5 — 100 e 23% Greene Cananea 20 7% preferred Pacolet Mfg 100 7% preferred-.100 Perfection Spinning. Pickens Mill Piedmont Mfg—20 Kimball Bldg Tr 2% Granby Cons MSA Power common. .5 Mines ' 26c 17 Cycle Oorpl 0 7~1 100 ... EmniroTitle &GulOO Goldfleld Consol Norris Cot Mills 37" Utica Utica Golden 2% 18 City RET (O). .500\e Congress St Associ¬ ates (Boston). 100 0 Factory Bldg Tr.100 e Fiftv Associates (B). e Hotel Tr(Boston) 100 e 100 2 £ 60 Poe (F Bkenandoa Rayon.* 5% preferred--100 Soule Mill (N Bi.lOO Tublze Chatillon-_l Class A -__1 General Tin Orr Cot Mills. —100 34" Mfg (F R) Sanford 28 3% --- 6% 25% 9 1 Inc STOCKS --- 29% 45% 67 - Mills . .._* -20 26 _ 80 Newberry Cotton Saoo Lowell Shops Preferred 76 Mills.. 100 Mooresville Cotton Musgrove Cotton— at Yarn Mills. .50 33 91 30 87 Roxboro Knitting— Preferred 3 Common Zinc. Federal Mining & Smelting new Monarch Patchogue Plymouth Pepperell Mfg Pilgrim Mills 99 LAND 18 15% 7% preferred—100 Voe— 4% — 95c E vans-W allower See Indus. Stocks 1% 4% W'h'se.lOO.e lOO.e Tr.__100 e Chic R E Trus's. 100 e 3^8 4% % Ltd Evans Wall Lead— Nonquitt Mills * North Amer RayonCora class A * Com class B * » Cent Bldg 21c Empire Star Mines 125 Majestic Mfg N J Worsted— 19 1 - Hargreaves Bos Stor 6% 24% Canyon. 10c Copper Range * ■ Boston Wharf 26c" Cornucopia Gold-5c Oresson Consolidated Gold Min & M..1 Dome Mines Ltd._* Eagle Pic h Lead-. 10 Preferred 100 25 Limestone Mills ' 10c 85c ' 1% 1 Copper Cotton 100 Common 10c 50c 30 100 6% 30% 23 ,Clemenceau Min 25c Consol Copper 5 Cons Mln & Smelt.5 25 100 3% Clear Creek Cons— §6" ---- 45c 75c Bdof TrBldTr.lOOe BosGr'd R'TTr 100 e Bos RET (Bos).lOO e % 25 At REAL ESTATE TR 50c 30 Chief Consol MIn.-l Chile Copper 2.35 29- 2 1 12% 3% * Copper Corp 1 .% 8 7 1% 6% 1 8% 2.20 10c Mines. 18 10c Cerro de Pasco 18 Wright 1% 3% 6 Central Eureka 110 Mills _ Standard Plate & & Central Am Mines. 1 Lanett 31 Silver-Lead.1 White Knob Copper Preferred 10 12 5 1% Xt Washington Tin 11% % 6% &C-2& 114 75 24 17% Dredg Calumet & Hocla—5 - - - 6% 58% 1 „ Tonopah Mining. _1 Union Copper Land & Mining. 25 Utah Metal & Tun. 1 Walker Mining 1 35c 25c Zinc-Lead 1 Callahan 20 18 pflOO Laurens 4 ' Butte Copper Zinc Co King (J P) Mfg. .100 Bleachery & 36 8 8% preferred-.100 Newmarket Mfg—* Sull'nM CottOD lYeferred B Gold - 23% 10% y* Mines—.1 ing. Ltd 50 Dye Works com 10 10^ 6% Rayon class A. .25 Bulolo ---- 25 pref Judson Mills A 6% 54 Bunker Hill & Inman Mills Preferred 11% 8% 100 27 Highland Pk Mfg 20 6% preferred Imperial Yarn Mills. Mills 34 4% 4% 4% 4% 1 Bralorne Mines Ltd* 45 Industrial Xe 33% 5 Tintic Bol Inca Mining 8 6% Hartsville Cot Mills 72 New Bedford 24 Knit.5 7% preferred-.100 22% &3H 10 Silver King Coal--.5 So Am Gold & Plat. 1 - Sunshi ne Mining 5 Copper Consol Hanes (F H) 15 28 1 Black Hawk Henrietta Mills— 69 Cotton 50 35 27 ----- 4.00 2.25 - -. 1st | 20% 80% (Baltimore) - _ 100 Preferred .100 Nashawena Mills. _* Nashua M (N H) 100 2nd preferred Naumkeag Steam * 32 preferred. -100 15 _ 13 Merrlmac Mfg--100 Preferred 100 Mt V-Woodb Mills 96 100 13^ 114 25 Joseph Lead Shattuck Denn St - - STOCKS Smelting.. Bagdad - - - Graniteville Co—20 Grendel Mills— Preferred -20 Hamrick Mills Martel Mills— -— - 54 24 109 19 Units 21 60 48 9% 110% r $5 prior conv pf 25 Anaconda Copper Mining Co 50 <\ndes Copper M.20 21% 100 Mills % 104 * Kilburn M (N B>_75 <fc Gossett Mills % 85 8 Ludlow Mfg Assoc.» Luther Mfg---.-100 19% pref 10 Gainesville Cot Mills Glenwood Cotton 16 Prior 55 10 Lead 19 40 Hartford Rayon vtcl 120 48 122 * 1% St AnthGoldM... 1 115 r 2.15 5% Ltd Amer *■ « Antelope Mln shares__ 64 Gold 93 10H 36 Hathaway Mfg--100 Kendall Co com * 16 87 Conv - Qulncy Roan r Mining.. American Zinc 73 Fulton Bag & Cotton 6 28 23 9 preferred.25 • 1% 77% r Juneau Alaska 113 Mills 25 155 r Teck Hughes 12 18 Gaffney Mfg — 71% 150 19 17% % 2.04 • 1 Pocahontas Stand 110 7% loo; Wabasso Cotton 10 Flint Mfg Co Florence Mills * units 8 0% preferred--100 27 Cleve Worsted Mill Common 2% MINING 20 Erwin Cotton 8% 7% 22 100 Mfg Cabot 15 Preston East Dome 1 20 46 11 Eagle Yarn Mills.— Kasley Cotton Mills 7% preferred Efird Mfg 100 3% 4% Premier Gold M 115 Penmans Ltd com.* Preferred 100 — - 105 18K 110 Hosiery— See Indus, stks Dwight Mfg—1234 2% 3% 13 % 5 10 Mills class A Preferred Bourne Mills 70 - 94 110 ontreal CottonslOO Preferred 100 Durham 5 10 4 r * Preferred 6 Mills20 7 % preferred- -100 1.80 % Mining. _25c r Can Cottons Ltd 100 Preferred 100 43 20 Drayton Mills Gold Dredging r r Converters-100 Can --- - 1 H Dunean 37 — (Richard) Mfg Co com * Border City Mfg 100 Botany Worsted— 100 Darl'gton Mfg(S C)5 6% 59 % % 54% 4 81 Converse 5 4 10 1% ctfa Consol Pato Polaris Domin Text Ltd Columbus Mfg (Ga) $1% conv pref_20 Fine 1.70 6 Pond Creek 4 100 Preferred 7% 1 Pioneer Gold Ltd._1 Chiquola Mfg.---20 6% preferred Clifton Mfg (SO) 100 Mfg— Beacon 10 123 Canadian Mills 3% 35 % - Amer shs 21 4% 32 Enterprise— 5 Woodside Cotton.20 102 101 3% 1 100 Bates Mfg 97 3 * 100 Atlantic Rayon 99 75 70 8% preferred.-100 China Grove Cot— 70 33% 120 Wiscassett Mills 9% 25 20 * * Co.. Mines & Patlno 65 Point'Mfg—20 West Chad wick-Hosklns Amoskeag share Per 32 % 100 Preferred Ask Bid Par share 6 Mills..* Wellington 50 Ask Per share Callaway Mills—— * C&lhoun Mills Stocks Bid Par Stocks Ask Per TEXTILE month preceding the date of Issue possible for the closing day of the Bid 3% 10 1 Airplane Mfg & Sup 1 Air 1 15 Reduc'n com..* Air-Wav 20 5 3% 4 40 9* 20 Electric Appliance. Alaska 4% 39% Pac Salmon* 20 a Preferred Albany Packing. 100 Preferred 100 % 20 70 85 VJberme Stone of Va 1% 1% 3% 4% e Purchaser also pays accrued Vot trust ctfs 5 c J Name changed to May, McEwen, Kaiser Co. * dividend, k Last; sale, n Nominal, r Canadian price, I Without par value, a Called for redemption; see page t New stock, x Ex-dividend. 111. 86 INDUSTRIAL Quotations for all securities Stocks Bid Par Ask & are as near as Stocks Par Bid Per share 1.25 Am Maize Prod * Am Mfg Co com. 100 1.50 29 28 r 5% pref Alexander Dept Stsl 14 Algoma Steel com.* Preferred 6% ~6% 5% 100 56 * Preferred 100 Allen Industries 1 Aitentown Portland Cement pref—10 Common Alles & Fisher * Corp ' id" 6 Class B 3% 15c 4 2% Stand Dye * 150% 10% 11% 4% 10% 12% Am 21% 14% 6% 77% Common 10 Allied Stores Corp.* 6% preferred--100 AUis-Chalmers Mfg Common * Alloy Cast Steel—-* 4 6% 163* 1353* 1133* com.* Amer 138 18 90 3* T pref. .60 Amalg Sugar 1 Amerada Corp * Amer Agrlc Chem.* Amer Air Lines...in 95 13* 14 3* 6% preferred..100 -71% 1 3 46 % * 153* 45% 107 3* » 31% * 63 H. Class B * Am Bank Note 10 6 % preferred... 50 62% ■ 45 % 17 Am Bemberg com.* Preferred 100 Am Beverage Corp. 1 7% preferred 5 American Book-.100 3* % Amer Bosch Corp.-l Amer Box Board—1 A.Brake Sh & Fdy— Common 53*% * conv 34 pf-100 American Can 125% 86% 177% 25 7% preferred..100 . American Canadian Properties * * 7% preferred .100 Amer Car & Fdy Motors com.- * 100 Preferred Amer Carmei Preferred % 100 5% conv Amer pref. 100 Chicle * American Cigarette & Cigar Co 100 6 % preferred. 100 . 19 115 140 5% preferred.. 100 Commercial Alcohol com 20 65 8% 6% 1st pref... 100 __10 10 10 113* 11% 11% 10 3rd series 10 Amer Distilling pf 10 Amer Dist Teleg * „ 5% prei loO Dredging__100 108 1% 1% 10% 100 80 4% 11% 1% 7% Am Fruit Growers-* Preferred 50 Am Furniture -..1 Am Hair & Felt--.* conv pr pref. 151 12 6 4% 55 7% 8% 1% 5 2 24% 5a; 63% 8 % 10% 3% 14 1 1 8 2% 2% 29% 111 Preferred 1 Ashland Oil & Ref.l Assoc Brew (Can).* 7% preferred-.100 Assoc Dry G'ds__ 1 6% 1st pref... 100 7% 2d pref 100 Assoc El Indus Ltd Am dep rets ord - - 8% preferred-.100 Am-Hawallan SS.10 Am Hide Sc Leath. 1 6% preferred...50 _ Amer Home Prod. -1 Amer Ice Co * pflOO Amer Insulator * $1.50 prior pref .10 Amer-La France Sc Foamlte Corp.. 10 Warrants Am Laund Mach_20 Amer Locker class A* __* Amer Locomotive.* 7% preferred-.100 Amer Mach & Fdy.* i Am Mach Sc Met..* 63 65 36% 16.3* registered .£1 \373* 4% 90 173* 5% 10% 5 6 1093* 6% 82% 94 34 47 Atlantic Co A Class B SS 5% 28 4% % 18% Atlas Atlas 5 19 14 > 5% 1 Drop Forge 5 Plywood- conv Atlas 2% 14 85% 123* 23* Lines.. non-cum * Conv preferred.20 Atlas Powder * 1 12 * 100 pflOO Atlantic Refining 25 4% conv Dref.100 5 26 50 com 6% 1st pref pref.-100 Tack Auburn Cent I 4% [Austin $5 * Mfg. * preferred-.50 Nich Sc Co..* cum _ prior A..* aCalled for redemption; see page RR Sc Stk 7 7% 18 55 Conv _ pref * * 39% 5% 94% 18% 6 niture common. .1 Berland^Shoe St * 7% pr^erred—100 Beryllium Corp * ~2% 2 34% 35% 6 27 32 35 % 73* "93* 103* 42 293* 30 Beth 6% 84 FdyMach.* Preferred 2% 12 1% 67% 14 15% 17% 23% 9ri 108% 5% 15% 23% 67 113% 6% 3 2 19 Beth Steel (Del)...* 7% preferred. .100 B/G Foods Inc * 130 7% preferred.. 100 80 123* 383* Carpet 111 6 16 24% 69 114 6% 3% 20 23 2% 16% * com 25 5 ... * ~~5 Birdsboro Stee Fdy Sc Macb .wm Blauner's common. $3 preferred 823* 23* 253* 100 43* 3* 93* «. mi - - 823* 1303* 3 3* \ Distillers Corp..* Preferred.. _* Rubber.. 1 Brown Sc Sharp Manufacturing 50 Brown Shoe * Bruce (E L) Co 5 7% preferred.. 100 3%% pref ...100 Bruck Silk Mills...* Oollender Co * $5 preferred ♦ Brunswick Site 10 Buckeye Pipe L..50 Buckeye Steel Oast * Bucyrus-Erie Co. .5 7% cum pref. .100 „ Bullard Co 111. 182 30 10% 73% 39 5 21 % 98 1 19 83* 163* 17% 10 114 14% 4% 60 6% 28% 29% 8% Preferred * Burger Brewing__.* Preferred __50 Burkart tF) Mfg— 44 2% 48 1 27 33 Burlington Mills— See Textile stocks. Burma Corp Ltd— Am dep Burns Bros Coal.. % * Burroughs Adding * 253* 102 53* 103* i'referred 0% 20% % 50 8 43* 193* 83* 173* 17 24 23 12 14% 17% 7 90 16% rCanadian price. 15c Preferred * Byrndum Corp 1 Byron Jackson * Cable Elec Products Vot tr ctfs 23* 50c 50c ^* 3* 183* 513* * 11 Tungsten. _1 Cambria Iron 1 Sc Class B prei 50 Canada Cement. 100 Preferred 100 Canada & Dominion Sugar Co Ltd * x 5 » Canada Bread.. » Preferred ..100 fNew stock- 13* 583* 50 Campbell (AS) Campbell Wyant Cannon Fdry 93* 84 • • - • 30c 25c 33* 3 11 5% preferred—.50 Oalamba Sug Est_20 Callite _ 93* 23* * Common 23 16% s 5% conv pref..30 Butterick Co * 20c 22 Boeing Airplane—.5 2% Byllesby class A....* 1 75 8% Burry Biscuit. 12 %c Bush Term Co com 1 6 % preferred. ...» Bush Term 83 33 6% % 37 133* 25 25 Bros.* nNominal. 1% 40 73* 33* Blumenthal (Sid)__* 7% preferred..100 k Last sale. 1% 28 115 * 17 2% 1% 8% Byers (A M) comJ .♦ 7% part prefXlOO Byers Machine-i * 100 43 6% conv pf 5% conv, pf 4% * Calif Pack Corp Black&Decker Mfg Blaw-Knox Co * Bliss Sc Laughlin 5 Preferred 30 Bloomlngdale common Class A pref Brown Forman Class B Preferred...100 Bliss (E W) Co 6 14 BIdgs— 90 Billings & Spen Bing & Bing__ Bird & Son.... Preferred 10 com 7% pref ctfs.. 100 Butlor Bros 10 3 .50 n.„ 11 17% 6 53* Bigelow-Sanford % Truck Brooke (E G) Iron.5 Brown Co preferred. Machine 40 * 7% 7% receipts.. 3* 63* Best & Co ....... 11 Ordinary bearer£1 Brockway Motor Common J% 28 16 _ Coupon shares. _* Brit-Amer Tob reg£l $2.20 preferred..* .... Bessemer Limestone Sc Cement com 1 Preferred 50 11** 2% Brit-Amer Celanese. Brit-Amer Oil Ltd— Bulova Watch....* Burdines Inc 1 57 55 Common Benson & Hedges. 43 7% preferred-.100 5% 33'ic 49 5 4[% 4% Yds A Class B 84 25 123% 7% 21% Home Appliance cl 125 Buda Co com 100 Budd (E G) Mfg..* 7% preferred—100 Budd Wheel .__* Berkey Sc Gay Fur¬ 1% 64% Atl Gulf & W Indies 48% 13* 213* 1% 20% 4% 15% 9% % . 21 8% 2% 6% 2% 3% 120 1 10 11% 30% * Brunswick-Balke- 5 6% 1 Bickfords Inc * $2.50 preferred..* * 29 12 Bendix 4% 97% 243* 23% 33% 3% 27% 53 _ 5% 16% 1% 14% Preferred. Associated Rayon.» Atl Coast Fisheries. 1 108 1% 13% 83% 12% 2% — Assoc Laundries 37% 183* 105 Without par value. 4% 2 9% 13* 23* 2% Amer Hard Rubb.50 Amer Hardware..25 35 4% 14% 8% 233* 9 3* 3* Common 50 Preferred 50 Bender Body com._5 Bendix Aviation. __5 54% 31% 223* 48 Belt 5 31 12 _ Bellanca Aircraft- _1 33 29 115 1063* 13* 3* Bell Aircraft 39 % * A . 28 1113* Beech-Nut Pack. .20 Belding Hem'way..* 68 5% preferred...30 110 a 107 Bellows & Co A. * 273* Tics Inc 5 8 233* 102 Aircraft 2! * Brown 102 Beech 3 54 33* * x-w Bearings Co (Am) 3% 60 3 1 Warrants 12 B Brinks, Inc Bristol Brass Bristol-M yers 123* 30 Pref 30 22% 37% Brown Fence Sc Wire 113* 2% 1st preferred..100 2d preferred 100 Beau Brummell 10 1 * 3% 20% 28 Beatrice Cream. .25 $5 preferred w w_* 65 4% ~6% 6% 2% 19% 25 5% preferred.. 100 Bayuk Cigars * 7% 1st pref IC Beaton Sc Cadwell Mfg common. .25 2% 26% 41 110 2% 21 „ 114 1% 10c 25 _ 28% 2% 8% 100 Preferred 7 10 5c ^ 13% 111% % 4% r d 7 29 Pref v t c...100 Bausch Sc Lomb Optical com 10 «. 31% 2 Print Wks.* iass Class 1% 6% 28% % 9% 2% 8% * Baumann(Lud)com* 30% Class 1 1 r « 100 7% preferred-.100 Bath Iron Wks_.._l Bathurst Power 55 6% 1% % Barnard Aviation.. 1 Barnsdall Oil 5 Barnsdall Refining. 1 Bartgis Bros com__l 6% conv pref..25 Basic Dolomite 1 Batavia Body.. 5 15 Preferred Brillo Mfg Bros 5% 5% 4% 9% 4% 10% 36% 1% Briggs Mfg * Briggs Sc Stratton..* Brill Corp class A..* Stainless 5%% pref 50 Barkley Grow Aircrl Barlow'& Seellg cl A5 4 73* 54 20 com 16 Brewster Aeronaut'l 1 Warrants 5 1 72 2% 50 * * com Bridgeport Brass. * Bridgep't Hydr'lic20 Bridgeport Mach..* 30 $ % Brewing Co of Am.3 9 Bardstown Distill..! Steel Barker 34% 5% 6% 2% 25 10 3 * Braniff Airways .2 % Breeze Corp 1 2% •153* 5% 5% 1% 100 Preferred Barber Asphalt 152 4 _ for Barber & Ross— Preferred 71% 39 Art Metal Works..5 Asbestos Corp Ltd.* Asbestos Mfg com.l 12 1.55 1st preferred.. 100 2d preferred—100 ♦ - 9% Nov 22 Bareco Oil 1 7% preferred..100 Art Metal Constr.10 19 Casket 8 Barium 703* 713* Boyd-Welsh Inc Boyertown Burial 97 Baldwin Rubber 1 Bancroft (J) Sc Sons* jZ I* Hegeman Elec. 10 Artloom Corp * 2% 12% 17% 83* 7% * Socket com * Amer Fork & Hoe-.* B _ Aro Equipt Corp..! Arrow Hart- Forging and Class 37% Arnold 13* 14 common non-cum 36% _5 ... Armstrong Cork . 4% 26% 15% 100 c 13 33 Common * 1st preferred.. 100 2d preferred-_._* 53 Warrants 39 class A 65 Bowm Bllt Hotels- __8 _ 62 Armstrong Rubb A* Arnold. Constable.5 . ... 17 6% * * $6 37 Amer Felt . 13 83 * Cable common Anchor Hocking 111 113 New common 3 Amer Export Lines 1 Am Fabrics, pref 100 Preferred 54% 24% 10% 12% 14% 83% 14% * 1100 . 12% 12% 12% 4% 3% , American Encaustic Tiling Co... .1 Amer Export Airlines Common. 50c Amer 24% 10% 12% 14% American shares.. Anaconda Wire Sc • 33% 3% * 10% 26% 112% 6% ers 6% preferred. .100 Baldw Loco Wks. * 150 7% preferred..100 1st series 2d series Baldwin Co 13 7% guar pref..100 Armour-& Co (111)— Common 5 __ 33 37% 39% Ark Fuel Oil pref. 10 Armour & Co of Dei 82 14% _ 5% 20 $2.75 cum pref..* Bower Roll B'r'g-_5 Bow-Bilt Bondhold¬ 33* 26 Chemical. » Preferred 100 Balaban Sc Katz._25 15c 35 39% 147% 53% $6 preferred... 100 Bourjois, Inc 95 Baker 19% 17% 35% 50 Boston Woven Hose Sc Rubber com .* 11 Colliers Corp 1 Babcock Sc Wilcox.* 3% 8% 7% 10 . 5% preferred— Amer % ~~2% 52% 20 Warehouse 100 Boston Wharf...100 36 10 10 100 Preferred Ayrshire Pakota "% $3 partic pref. ArgoOil 5% 36 6% 5 3% 33% 1 Axton-FIsh Tob A 10 26 "% Arden Farms 9 80 Am Cyanamid A. 10 Class B 6% 24% 1 * mann 70 5% 9% Am Crystal Sugar 10 . * Angostura-W upper- Amer Com * Boston Sand & Gravel Pref Boston Storage 43* 163* 163* % 203* 43* 34 G1 Corp. new. 123* 12 tation 13 Archer-Dan-Midl'd 10 5% 14% 68% 30 $5 div oref * Anchor Post Fence.* Andian Nat Corp..* 117 Amer Coal (N J)..25 Amer Colortype__l0 156 com Corp l Anheuser Busch..20 1 7% Animal Trap 1* Antilla Sugar % ioo 19% Apex Elec Mfg • 115 Applied Arts.. 1 117% Appollo Steel 10 A P W Paper 5 A P W 200 Prop cl A 1073* Aviation Capital. .1 Aviation Corp 3 Aviation <fc Transpor¬ V t 7% preferred. .100 Amer Wringer * Amer Writing Pap I* Amsterdam Trading % 3% % 6% % 100 Amer Centrifugal..1 Am Chain & Cable.* Pref ex-warr_25 Warrants 6% 3% 53* 2 2 2% 9 30% 108 Bond Stores com__l 15 Borg-Warner Corp.5 Borne Scrymser—25 19% 3% 15% 15% % 18% 4% B 1% 23 Borden Co 13* 4 25 . 3 17% pref 25 com. 7 % preferred Common.. Preferred 62 conv Class A 150% Am Woolen Co 27% 61 $1.50 Avery (B F i & Sons 5 6 % pref ww 25 205 Preferred * Amer Wind Glass— Class Ax 100 35% 130% 87% 180 1% 27% Am Oar & Fdy 3 3% Am Vitrified Prod.* 64% 63% 7% 47% % 13* 28% 7% 5% 6% 4% 1 3% Transformer 10 Am Type Found.. 10 7% preferred.. 100 104 27 Automatic Refrig.10 Automat Vot Mach * Automobile Banking J2 148 Preferred :.50 Am Thread 5% pref5 Am Tobacco com.25 Common B 25 6% preferred-.100 19 101 1% Class B Am Class A Common 5 2 53* 13% 67% Preferred 100 Bohn Alum & Br. .5 Bon Ami com A * 9% 5 200 * 7% preferred--100 Bakeries— Automatic pflQO Am Sumatra Tob Amer Television.. Amer Thermos A. % 15% 3% 47% 15 % 46% 108% 34% 50 8% .25 Instru¬ common Steamship. 100 American Stores * American Stove * Amer Sugar Ref.100 8 .63* *10 47 Finance 2% 15% non-cum Am Steel F'dries 114% 18% 30 67% * 7 % preferred.. 100 American Snuff..25 173* 28 ' 155 * Amer Ship Build—* Am Smelt & Refg..* 17 3 6% preferred .100 Alum Goods Mfg..* Aluminum Indus—* Aluminum Ltd....* 54.25 conv pf American Arch 323* 10 1st preferred..100 Bohack Realty- ment common 6% Seal-Rap.....2 Amer Seating Am Ship & Coram 61 _ Amer Amer 79 16 3* 18.50 American Screw. 100 American Sealcone.5 14% 6% 14 Aloe (A S) Co 20 Alpha Portl Cem..* Altorfer Bros com. * Conv pref * Common 22 32 Amal Leather 4%% conv pf 100 Safety Razor— 5 Bohack (H O) com.* Automatic Prod 1 Sanitary..* 7% cum pref 100 Am Republics com 10 Amer Rolling Mill 25 151% . Allied Prod (Mich)— OI A conv 25 %t 63% % 1% 25 Per 13% 72 25 7 Bid Par 12% Alarm 4 5% prior pref...7 Partic pref * Amer Pulley 50 Amer Radiator & Stocks 31 5% .5 Ask share 65 Auto UslH 28 * . 5% % preferred .50 Automatic Fire 833* 31% 23% Bid 6% preferred..100 17% Am Potash & Chem * Amer Products * 5c 100 common conv Amer Pneu Serv 7% 2% Par Autocar Go com.. 10 w* 23 113 Optical * Amer Piano class A* 9 com .5 Allied Mills Inc * Allied Paper Mills.1 6% pref.-100 21% 20% 105% 9% Allied Kid Co Aluminum Co conv STOCKS ~~Per 79% Amer Corp Alliance Realty Preferred Allied Chem & 16% American Meter * American News Co * 60 Allegheny Ludlum Steel Stocks 19 100 Amer Maracaibo—1 Amer Metal Co ♦ Alexander Hamilton Inst 8% pref__100 Ask Per share Alberta-Pacific Grain class A * Preferred. ..100 MISCELLANEOUS possible for the closing day of the month preceding the date of issue r r 123* 13* 973* 38 113* % 3* 19 54 113* 13* 60 63* 123* 5 100 39 3 7 58 70 173* 183* Ex-dividend. Stocks Bid if Par Glng Ale.5 1533 • 15 Canada Packers—* 84 Canada SS Lines. _* Preferred 100 4 k 183* Can Wire 8c Cab A.* Class B * 57 58 19 2133 IK B__ Canadian Airways.* K Canadian Bronze. _• Preferred 100 Canadian Canners.* Claude Neon Lt 433 1933 Oleve Tractor "6 X 533 733 25 33 Canad Celanese—* Preferred 100 Preferred Club Aluminum Utensil com 120 Canadian Dredge 8c Dock 4 3 33 1 1733 * 10 8% preferred.. 100 Can Indus Alcohol— CI A voting * CI B non-voting.* Canadian Industries 104 Class B Preferred Oockshutt Plow 128 11833 $4.25 preferred..* 13 Col 11ns 8c Alkman.. * 110 5% conv pre!.. 100 m Collins Co 7k 93 95 Oollyer Insulated 5% preferred.. 100 Carlb 8yndlcate.25c 79 82 wire common- Carman & Co A 20 Carnation Co 1st preferred. .100 Carpel Corp * Carpenter Steel 6 Carrier Corp " Carter (J W) Co—1 Case OH Colson 7k 9 Colt's 733 4k 18k 233 UK 2433 5K 21K 4533 Columbia Pictures— Vot tr ctfs com..* 5H 98 K 1833 133 3*6 233 1 9 10 17 19 433 Centrifugal Pipe—1 Century Elec 10 Century Rib Mills.* 7 % preferred- . 100 Certain-teed Prods. 1 6% prior pref. 100 4 4Vs 3K 333 1 * Eng Common..Par $10 Chamberlin Metal Weather Strip 5 3 90 43* 31 Vs 95 4?3 3133 4 3K 1933 21 Combustion Oomm'l Champion Paper 8t Fibre common..* 22 25 32 119 Checker Cab Mfg.5 Cheney Bros com..* Preferred. * Cherry-Bur Corp..5 Mfg..25 Chesapeake Paper Board common..* Preferred 50 Ohesebr'gb 53* 1433 3* 13* 1333 1083* - 2633 66 Cigar Corp..* 633% prior pf.100 7% pref erred. 100 Cons Film Indus..1 $2 cum part pf..* Cons Laundries 5 Cons preferred. 100 Cons Lithograph..* Cons Mach Tool uts. 8% preferred.. 100 Consol Royal Oil. 10 Consolidated Steel * - - Consolid'd Textile.* Consolidation Coal— Common 25 _ Warrants 5% 6 * 98 K 11K 99 k 70 72 • 14 UK 2k 8 H p Preferred 100 Co 10 4 Chrysler Corp 5 65 Churngold Corp * Cinci Advtg Prod..* Crank..5 Cin Tob W'house.25 CIn Un 8tk Yds * Clnecolor Inc. 1 City Auto Stamp..* City Ice & Fuel * 633% cumpf.,100 stock, par x ■ Cont Steel Corp 33 Special pref Cook P't 8c Varn $4 preferred .. Cooper Bessemer $3 prior pref * Copperweld Steel. .5 Conv 5% pref..50 Cornell-Dubilier Elec Corp cora_.l Corning Glass Wk 10 $2 preferred 9Vs 6 5k 14 9K 11k 2 Vs 9 5 65 Vs 4 5 6k 2 633 10 k 100 value. Ex-dividend. 12 k 98 94 7k 2 k 1333 9933 9533 K 8 6 Preferred. 100 Corn Prod Refg..25 7 % preferred- 100 6% I 14?* 3 80~" 75 533 233 3K 5Vs 2Vs 333 105 104 1 Vs 6K 13* 633 10 c . 143*1 Oorroon 8c Rey'ds.* $6 conv A pref--* K 6K ICosden Petroleum. 1 I 5% conv pref..50 10 vs 100 k jOosmocolor Corp.. 1 X Ex $35 liquidating dividend. Davenport 16c 90 4733 19 4 60 13 4 1733 1833 1933 Hosiery * Mills com Preferred 100 Davis Coal <fc Coke 50 Davison Chemical .1 12" ~8~" % Chem 3* 43* Class 32 38 Dennison Mfg— Class A com 5 pref—50 8% debentures 100 101 99 6% Supply. 10 preferred -. 100 (A) Co— 1 1133 63?* 34 38 16 1633 5533 9 Foundry com—1 Harvester. 1 4533 175 133 7433 5H 20c 46 177X 13* 7533 k 633 40c Called 110 (non-vot) * Common B ♦ Class A 2d p eferred—100 4 ik 1 29 33 45c 60c 60c 70c 9?3 1733 1033 18?* 133 13* 1333 133 * * Preferred.. 14 100 Preferred 6% part pref—25 Diamond Shoe com * T Moto* 2 [{Dictaphone Corp 8% preferred._ * 100 Dictograph Prod..2 Diesel Equipment..! Differential Wheel .1 Voting trust ctfs.. Di Noc Mfg for redemption; see page 100 Class A K 1 Electric Auto-Lite.5 Electric Boat—-.3 Electrical 8c Musical Indus Am shs 33 26 Electro Bleach Gas.* 34 39 Electrol Tnc com — 1 Electrographlc Corp Common 1 Electrolux Corp—1 Electroraaster Inc.l Elgin N Watch...15 Eljer Co com * 5% cum pref 50 5% prior pref.100 1433 17 2d preferred. .100 ---- 22 20 100 .... Elk Horn Coal.... Ely Walker D G..25 1st preferred-.100 2d preferred. .100 Emerson Drug. .2 3 B Preferred Class 12 78 82"" 2833 2933 403* 1233 833 36 39 123* 833 32?* 120 3* 1 2 3 2 233 233 43* 133 33* 111. 33 Ks 24 preferred.. 100 ■ 29 K 15 323* 1st 15 2933 14?* Elec Stor Battery..* Elec Vacuum Clean* 15 107 9 Electrical Steam 1933 2533 10?* 3* Dexdale Hosiery Diamond Alkali. .20 Diamond Match—* 12 58 233 k 10 Vs 28 k 11K Dewey 8c Almy Chem Common Nut__l * Sterilizer 93* 83* 333 Devoe 8c Raynolds— uLil.Diamond 103 a 9 10 107 6% pref w w—20 Detroit Gray Iron 8c 22 11 5433 6% conv oref__10 Derby O 8c Ref com * Preferred * Detachable Bit__l0c Detroit Aircraft—* Det Gasket & Mfg.l 5733 5533 15 4933 * * Eitin»on Schild Elastic Stop Elder Mfg 333 33 69 50 Edison Splitdorf 1 Vs 4333 133 41 175 7 20 11?* Economy Groc 5% preferred 1333* 174 Edison Bros Stores_2 433 63* 1833 1313* 11 Detroit 613* 83* B 1333 40 433 88 Detroit Mich Stove 1 Detroit Paper Prod 1 Detroit Steel Prod 10 De Vilbiss Co 10 Preferred 10 4 * * r * 4 Eaton Mfg Co 15c 113* 10 18^. 3 8c 163* 133 35 6% preferred. -100 Easy Washing Mach Common 5 1 Eastman Kodak—* 333 - 33 2733 4 1 1 .... - - 12 143* Assoc Common _ 50c 84 Class A 11133 13* 53* Eastern Sugar . 27 Eastern Roll Mill..5 Preferred De Pinna 2133 1103* _ 1 1033 30 K 10 —-.100 15 7* 113 Footwear .1 - K IK 733 K IK 733 3* 833 2533 Warrants East Racing Assn 18 Hook and Eye Dentists' 7 27 99 Del Rayon A com. 15 Delta Airlines-.100 De Long 33 1633 88 4033 25 8ta.* Edgewater Steel * K 1633 1433 363* 39 125 333 833 33 893* 3733 733 3K 5 com 115 3 k 833 X 15033 124?* 100 $6 prior 433 124 East Mall'ble Iron25 De Laval Steam Turbine 119 150 Dwight Manor v t cl Easrle Lock 25 Early & Daniel * Preferred. .100 Eason Oil... 1 $1.50 conv ^ref_20 East Dair esLtd * Eastern Air Lines.. 1 Eastern Corp com 10 5% prior pref__20 1 1633 233 3* 10 Delay Stores 1 Delendo Corp_____l 533 833 5 Duro-Test Corp 1 Duval Texas Sulph. 1 ,mmer Gilbert Corp 73* 733 1153* 6% pref 25 7% pref. 100 Durham Hosiery— Mills B com * 20 K 29 28 K 63* * Preferred 5 K 5K 3 333* 8c Co common..20 29 20 533 2 K * Durez Plastics 8c 11 26 115 5 r (R G) Eastern 10 24 2133 111 8% cum pref. .100 DuPont (E T) de N 7 6?* Dayton Rubber Mfg Common 1 Class A 35 Decca Records 1 Deere & Co com... * 7% preferred. 20 Defiance Spark PI.* 203* 20 * 100 Rradstreet Corp.* $6 preferred * Dunhill TntematH.l Duplan Silk * 1033 1?* 4533 32 33 833 2733 1?3 35 3 33 3 K Laboratories cl A1 2233 333 1633 114 13* 25 (Allen) Mont Dun 90 8 Thr'dlock Darling Stores Corp $2 partic pref—* Davega Sts Corp..5 5% conv pref. .25 112 Oubilier Condenser 1 Du 10833 10233 1?* 50 Dardelet Deisel-W 233 93 90 25 333 ik 433 13 k Vs 43 80 Preferred 51K 14 k 9 40 10 * Preferred 100 Converse Rubber. _* 51 5 2 Cont Screw com.. 10 12 k 40 K 12 2 V8 12 * 10 "I 1 80 3913 9 12 K 7k 7k k 53* * B 13 Vs Oont'l Roll 8c Steel 1 Preferred 100 210 Chic Yellow Cab..* Ghickasba .Cot O.10 1 Engineering 8% preferred-.100 Continental Can..20 Cont Diam'd Fibre.fl Continental Mot 1 Oont'l Oil (Del)...5 Cont'l Oil (Mex).--l 1 6% preferred-10 Chicago Mail Order 5 Chicago Nipple .5 ChicPneu Tool—-• $3 conv pref * $2.50 prior pref..* Chic Ry Equip 25 Chic Rivet & Mach 4 Chic & So Airlines. 1 pref.100 Continental Baking Class A * Pure Silk Hosiery com Without conv Container Corp 20 Continental Aviation 14 10933 Chester Chicago Flex Shaft 5 Chic June Rys & Un Stk Yds com -100 * Cons Paper of Can.* Consol Retail Sts.-l 5?* 1633 K IK 11 3 6433 Class Chic Daily News..* New5% pref.. 100 933 26 Vs 34 100 10 * 1333 333 2733 143* 1 * 1 Oonsol*Car Heat. 100 108 t New 13 16 k 20 17 3?* Darby Petroleum .5 Darco Corp 8%pfl00 Congoleum-Nalrn. ♦ Congress Cigar * Ctfs of deposit Conn Telep & Elec.l 43* 333 1833 105 Cinci Ball 183-3 ok Consolidated Oil 100 Chapman Valve—1 6% pref Chilton 27 21 Pub..* Hammer—* Cutler 7 4 t c ext—1 Conde Nast 5?* 133 1833 ..... Dryden Paper 45 Cuban 13333 Driver Harris Co.10 Preferred 3 130 * 100 Dresser Mfg com. s77 _ 25 Solvents..* v 433 7533 42?* 53* . K K 2 * Doyle Mach 8c Tool 1 9 4 533% conv pf.100 Cuban Atl Sugar..5 Shoe Mach 7c . 5% preferred..100 Preferred 2c 933 7033 * Dow Drug . * Eng_.l Conv prio r pref. Dow Chem com 89~" 83* 150 r Preferred 7 * 7133 Doubleday Doran.* Douglas Aircraft._* Douglas (W L) Shoe Common.^..' * 5^ 2 Cuban-Am Sug 10 7% preferred-.100 2 45 100 533% pref 90 33 88" " * 533 * Chemical 403* 1 Tobacco._.* 5% Preferred .100 1433 Oudahy Pack 30 86 Preferred 100 1.65 22 Cuneo Press 5 1433 al081782 6 33 % prefeiTed 100 2633 101 433% pref.... 100 1 Curtis Lighting- 2 33 8 Curtis Mfg of Mo. .5 19?* 1 Curtis Publish 19?* 43 3* $7 preferred.....* 3233 New prior pref..* "13* CurtissWright Corpl 83* 26?* Class A 1 5?* Oushman's Sons— 243* 70 7% cum pref.-100 80 4233 $8 cum pref ♦ * 7% Chambers berg Ohllds Co com 79 Consol Biscuit Gen Vloletta Sug 33* 4 $3 conv pref 6?* 933 5?* 8?* 18 Oonsol Aircraft 34 31 5 Preferred 23 $2.75conv pref..* Carbon * Compo 233 K 2Vs 1 10 V t c for com 5Vs Oolum Parts com 90 10 * Columbus Auto- 4133 183* 33 4?* 150 Dominion Textile... r 40 * * . — $2 preferred Cent Ohio St Prod.l Corp IK 1 Columbia O & G 132 8 K 70 3933 preferred.. 100 Preferred 35 Columbia Mills.. 100 25 11933 94 Cent Iron & Steel... Charts 19 K 19 Sys Inc class A 2 33 Class B 2H 13033 833 67 k 4% Airport—1 Chain Belt com 12 K B'casting Columbia ' 3 119 Central American Plantations —100 Central Distrib'n 42c Cent Foundry com.l Cessna Aircraft 1.40 1233 23 K Preferred • Columbia Brewing.5 14 79 1 Products 2133 100 pref.100 preferred Cuba Co 2733 Aircraft Columbia 120 240 5 Co..10 Catalln Corp. 1 Caterpillar Tract..* Celanese Corp * J% prior pref-100 1st partlc pref.100 Oelotex Co com...* 6% cum pref-.lOO Celluloid Corp...15 1st preferred • $7 preferred ..* Central Agulrre Associates * Preferred * 25 Columbia Baking..* Castle (A M) Central Paper.. Corp Patent Fire Arms Mfg 51 48 1183* Case Pomeroy 5% Fuel & Iron Warrants 9 7% preferred.. 100 CaseLockwood 8c Brainard Co. .100 Central 2933 6 % 100 (J I) Co Ool 29 283* 4333 133 2233 143* 25c Preferred 25 Crown ZeUerbach_.5 Cuban Am Mangan 1 77 Ordinary snares.. 6% conv pref.... 4133 433 6% preferred Crystal Tissue 61K 36 4?3 2433 44 $5 conv pref Crucible Steel 5 123* 243* Dominion Tar & 24 Crystal Oil Ref k 3 k 17 K 3K 25K Dominion 23 43 7% Colon Development 24 Products—* Casco Colonial Ice B pfd_* 8 353* 107 kt 114 28 24 5k 2 133 21 Seal.* 5% conv Colonial Beacon OH * ik 1 ♦ _• * Class B 12 101?* 2733 21 .25 Stores * Coal B "*2.25 pref w w._* Preferred x-w—* Crown Drug com 4 1433 Co „.* Doehler Die Cast..* Dold ( Jacob) Pkg— 633% pref 100 Dominion Bdge.100 Dominican Coal pf 25 Dominion G'ass.100 Preferred .....100 Dominion Steel 8c (Md>_5 Coal Crown O'k 8c 16 13 IK 13* Crown Cork Int A_* ~9~' k 109 100 Cruel 1100 Dr Pepper Central Petroleum 150 100 6% preferred. .100 5k 23 21?* Crows Nest Pass "433 UK 101K 26 Vs 111 K Peet common...* 11 (Philip).. 62 7 _ 105 Carborundum Co..* 10l33 Colgate-Palmolive- ~8K Carbon Monoxide Eliminator Crown 800 2 K 6 » Cohen (Dan) Co. Cohn & Rosenb'ger * 131 117 8 Capital City Proi.* Carey ♦ Class A ik Coca-Cola Intern..* * Can Locomotive 101 61 Dixon ( J) 6 8?* 3633 323* Dobeckmun Co coml 42* 533 Crowley Milner * Prior Preferred.50 26 * 14 933 ♦ A rjlfftqa 5?3 * lishing Co Preferred 63 1 5233 1733 39 ik 533 5 * Dixie Tee Cream Dixie-Vortex Co Crompton & Kn'les * OrosleyCoro * 120 26 of St Louis 104 100 81 Liquors233 Dlvco-Twln Truck.! Dixie Home Stores.! Orowell Collier Pub¬ 59 * 18 5233 1733 13?* 30 110 25 * Coca-Cola Co.. 1 33 133 IK 100 100 * Class A - 14 1733 nref * Cream of Wheat 2 Creole Petrol 5 Crocker-Wheeler ..* Croft Brewing 1 142 * of Los Angeles. . of New York 5% pref w Distillers 13 $3.50 Bottling of Cincinnati 10433 k 17 * W..100 Seagrams Ltd 25 5% conv pf 100 Creameries of Am— 233 2Vs 29 K Distillers Corp- K 25 Crane Co com 55 100 * Coca-Cola 11 Invest Corp 2 ord£l cl A.20 Co..25 Cramp Shipbldg 5 28 2K conv Cowles (C) & 5k 27 Vs Peabody • 7% preferred-.100 18 * Am deprcts $1.50 833 533 25 Distillers Co Ltd-£l 4?* Covered Wagon Co 14 5 3* Cluett K Foreign Canadian 13 K ..* Clinchfield Coal.100 Canadian Colonial Airways 3033 Climax Molyb¬ denum Co 8 1933 2533 16 29 1 Cleveland Hobblng Mach com......4 36 % 633 K 5K Disney (Walt)— 6% preferred 60 55 Per 67 Discount Corp ..100 33 Oourtaulds Ltd— 112 108 Clayton & Lambert 4 Cleveland Graphite mx Canadian Car & Fy * Preferred -25 17 4K Par stock8 share 433 K 1 1 Courier Post pref 100 Coty Inc com Coty Internat'l 353* 1 Bronze com 3 16 34 K 100 Preferred 87 63* 5Vs 2 Vs City 8c Sub Homes 10 Oity Stores 5 Olark Controller 1 Clark Equip Co * 133* Bid Ask f Bid Par share Per share 13 Canada Forgings— Class A * Class Stocks Ask Bid Par Per Per Can Dry Stocks Ask of the month preceding the date o' Issue possible for the closing day Quotations for all securities are as near as 87 MISCELLANEOUS STOCKS INDUSTRIAL & FEB., 1941] 13* 13* 1133 1233 833 13* 8 1 31 3?* 30 50 3* 333 1 16 117 97 20 20 23 2 28 Emerson Elec Mfg.4 Preferred 4 33* 933 Empire Sheet 8c * 4 Derrick 5 Endicott-Johnson.50 41 Tinplate Smsco 5% preferred..100 Equit Of ice Bldg. ' Escanaba Paper— Preferred—..100 Esquire Inc 1 Eureka Pipe Line.50 Eureka Vac Clean. 5 Evans Products —5 k Last sale, n Nominal, r 6?* 11033 47 233 21 33* 6?* 55 2?3 25 333 73* Canadian- price 88 INDUSTRIAL Stocks Par Bid - Per Ever Plastics Corp.5 E versharp lnc . Stocks 3 Gen Alloys Co 2% 28 Ex Lax Mfg A Class B 46 48 45 Pref 47 28% %6 % 25 Fair (The) Chicago * 7% preferred.. 100 Fairbanks Co 25 135 % 39 a Class 40% 8% 3% 18 23 X - Farrel-Birm'ham .25 1H 19% Fashion Park com.* Preferred * 3% i Fedders Mfg 5 Federal Bake Shops* 15 8 34 II* h 97 ilk 3k 4k 12" 20 22 14 k 20% 17% 103 k 40 k 41 k 8 78 33 k 23k 13 k 82 33 % 25 k 2k 5k 5k 5k 28 k 3k k 29 k 4%s conv pref. 100 Foote Bros Gear & Mach com... 5 105 k 7k 100 8 % 10 .'* 18% Ford Motor Ltd— Am dep rets ord.. Ford Motor of Can— 19 % lk lk * 10 10 k k 1 22 * 15 k 122 k 5k of Canada » Fox (Peter) Brew..6 F-R Publishing Francisco Sugar Franklin Co Coal— * * Preferred ...10 Franklin County Distilling Co 21 6k 24 2% 30c "3k 50c % 8k 18 21 6 8 * 8 10 36 35 2k 5% conv pref. 100 Fuhrman & Schmidt Brewing com 1 Fuller Brush com. .5 Fuller (G A) Co— Common __l S3 convertible...* „4% conv pref. 100 Gabriel Co cl A » Gair (Robert) com.l S3 Preferred 10 Galveston Houston* Gamewell Co * S6 conv pref • Gannett Co lnc— S6 conv pref... * Common l Gary (Theo) $1.60 pf Gaylord Container. 5 8k 9k 20 k 20 k 20 k 19 k 96 25c ]9k 36 % 29 k 49 k 15% 5% 46 50 .* * ._* 3 k 8af Razor.* 3k 36 pref....* (L H) 5 nv Gimbel Bros Gleaner 16 5% 7k 8% 13% 44 k Harvester.* * * 4 k % conv pref 50 Globo-Democrat Publish pref.. 100 116 Globe Wernicke * Preferred Gobel (Adolf) Co.. "9" 7k 73 Class A * Class U * Preferred Goebel Brewing 39 50 Good Humor Corp 12% * $5 preferred 62 * 14 *88 69 k 126% 20 52 k 108 23 / 55 113% 5 12 k 13 10 74 k 76 $5 conv pref Goodyear T & R 86 17% 87% of Canada * r ..50 r 74 k 53 k 78 54% 15k 16% 32 34 Gorton-Pew Fish.i* 33 38 1 1% / Silk * com 1% 27% k 4k 1 Raps Varn.l Grand Union— Com div certifs..* Ex-div certifs-..* Granite City Steel.* Grant iW T) com.10 1st B pref 25 Hiawatha Oil & Gas Common 5 Preferred 1% 30 % 5% 12 14 12 k 14% 14% 15% 20% 25% 14% 22% 27% 14% Io Hickock Oil cl A...1 Hilton-Davis Ghem Common 1 $1 k preferred. Is Hlnde & Dauch 10 convpref-.lOO Hires *T A_* $3 preferred.....* Gorham Mfg 10 rom 25 1 (O E) com_..l Hobart Mfg A * Hoe (R) class A..10 Prior pref 65 7% preferred 21 Common Hollander (A )& Son 5 Holland Furnace. 10 Holopbane Co Holly Sugar...HI.^ 12% 13% 11 12 11% 34% 12% 35% 25% 4% 99 101 16% 17% 39 42 13 o VA 1* 27 11% 9H 12% 10% 105 % 5 % 16" 35 52 154 2 95 k Gt. .\tl & Pac Tea N'on vof com * 1st preferred.. 100 Great Lakes Paper— 102 k 5k n" 52 lk 11 18 7°Z preferred com Greenf'ld T'p & Die* "0 preferred. .100 .1.50 preferred..* Green (H L) Co 1 Greyhound Corp..* 5 % % preferred. 10 Grieseaieck Western Brew common... * 2% 43 20% 20% 67 70 20 31 23% 19 7Ak Referred " 3% 30% 118% 21" . 100 Waldorf-Ast.l Class A * _ * Houston Oil Field Material com 1 $1.50 conv pref.20 Houston Oil (Tox^— 10c k % pf25 Howard Aircraft-..1 Last sale, n Nominal, r Metal 150 34% 18% 36% 11% 38% 2 15% 48% 163 2 * « Interna b Mllflng^" 5 % preferred 100 _ _ Int Nickel 7% 10% 7% Ind A cum . (Can). * pref.. 100 international Paper & Power com. .15 5% conv pref.1100 Warrants Internat Petroleum Coupon shares. _* Registered shs_._* Internat Prod.. L » Internat Pulp _~* Preferred 100 Int Safety Razor B * Internat Salt "* Internat Shoe * Internat Silver...50 . Int Text Book. 100 » _. Int Vitamin Corp. 1 . Interstate 104 24% 130% 12% 61% lk 9k 9k 31% 1 57 39 31 27% 97% k 3k Airplane 6 Engine 10 Interstate Bakeries* 7k 21 87 Equipment Interstate 6k 1 * • Iron Fireman vtc..* Ironer_..10 Irving Air Chute.-.1 Irving (John) Shoe.l Preferred w w__25 Jackson (Byron) see Jacobs Aircr Engine Jacobs (F L) Co...l Jarvis (W B) Co 1 Jeannette Glass.. Jefferson Lake Sul P-eferred Jenkins Bros.^ Jersey Cereal Jewel * % 10 25 * Tea Johns-Man vlile * 7% preferred. .100 37% 12 11 lutertype Corp Johnson Pub 10 Johnson Stevens"& 41 9% Hosiery— com 20c" Shinkle Shoe 1 in 4 12 k 4« "B" 2% 2% 12 1 ?H 19 15 41% 1 56 126% %6 * 13 Johnson Tin Foil <fc Metal 100 70 3 Jona8& 17 Jones & . Naumb'g2% Lamson__20 3 44 Jones & Laughlln 25 Called for redemption, see page 111, 11% 11% Vot tr ctfs com 25 Vot tr ctfs 6 eg I.I* 25% JohansenBrosShoel 1 99% Hotel Class B. % 9% 30% 11% 11% 115 116 24% Houdry ProcessIIlO %6 9% 18 5 30 Houdail le-Hershe y— 141 140% 17 103 6% preferred ..25 TT 2% 100 1 45 40 . Brewery 13 42 (Ohio).* Pap...25 Great West Sugar..* Greater New York 133 11 Nor Prior preferred..6 Horn Hard't(NY). • 5% Drpferrpri inn Horn & Hard'tBak * Hotel Statler com * 104 130k 6% pref 100 Great Lakes SS .* Great Lakes Term Great 6 Internat Ironrite 12 5k International Match Realization £1 Int Mercan Mar.. Mills 32% 2% . 3 k 8% oJH 37 Interstate Home— 26 % Chemical com. .10 6% preferred-100 23 % 112 7% preferred-.100 42 11% % Hormel & Co com * Horn ( \ C) com....I 3k 155 84 $5 preferred * Interstate Dept St's* 9 39 Class B Hooker Electro H&WSSa10!! • 7% preferred. 26 4k a 68% 23 11 k 15 % 63 38 k 32 30 53 k * Harvester pi 51 Border's lnc com..* 10 k k 11% 61 28 5k 12% 63% 17% ♦ com Hosiery 10k 57 107 k 51 3% 33 * Goodyear Tire & Gotham nref Common 40% 2 1 Mfg Goodrich }(B H) Preferred Gorham lnc conv 106% . 95 164 Heywood-Wakefield Preferred Goodman $4 7% preferred j. 100 Internat Indus 1 11% 11% 109 Hewitt Rubber Hevden Chemical % Publishing pref. _* Elevating40 In' 7 11 Hershey Creamery. • Preferred 100 Hershey Chocolate. * 2% % 2% U7n 5% 2 %' Internal 6 125 104 * Internat Educational 22% 93 * r Business Mach.* Int'l Cellucotton..* 2 5k 6k 6% preferred.. 100 2% % * lk 5k 41 Int. Agricultural.!* 72? p.rIor Pre'-100 tut k 3k ■k k * * 2 28 3% 5% * 6% preferred ..100 3 10 _ 2% 26 * Int Cigar Mach.. 21% 5% 94 1' Golconda Petrol Goldblatt Bros— . t c 8j 14] 11 Intercont Rubber * fnterlake Iron H* 92 25 Powder 12% 119% 8 k 25 k * 7% non-cumpfl00 Hendey Mach * Hendrick Ranch Royalties 1 Hercules Cement. _* Hercules Motors... * v 6% preferred..100 Inland Steel * lk 8 13% Industrial Rayon..* k 20 8k 1 1st pref vtc 2d pref v t c 90 "2% 20% 4k * Class A Helme (G W) Common 25 5% 6% 6% 8 Cum pref 100 Indus Brown Hoist- 5k 7k 2k k 5 pref. .50 Hearst Consol Pub 7% class A pref_25 Hecker Prod com.. 1 Helena Ruh'stein..* conv 2% Indus Accep Corp— 100 117 k "2% 30 5k 1 Interchemical Corp * 2 Common 6% OH non-vot A Class B Ingera°ll Rand 1 45 6 Motocycle..* S* * 36 Brit & Irel'd 6 k % Hawley Pulp & Papl * Hazel-.Atlas Glass.25 Uazeltine Corp....* Hearns Dept Stores £1 15k 100 Haverty Furn Cos— Conv pref * Hercules 1% W'house 106 Without par value, 13% 45 2k 8 k 25 16 k Conv preferred .20' 6% 67% 16% 7% 8% 8% 61% 7* Preferred 100 $1.80 prior pref. * Gray Mfg Co 10 21 k io 7 6 ♦ Glen Alden Coal Glldden Co 3% 3% 36% 5k * $6 preferred * preferred .12 $7 preferred 29 Indian Refining.. 10 Indian Terr IHura 6% preferred 20 Grafon & Knight. .* 29 10 13k 5k 2 Gilchrist Co 'illette 1 ' Giddings & Lewis < j 6k % pref wwlOfl Hayes Indus Hayes Mfg Haytian Corp 147 iik 27 51 * 35c 20 k 92 k 50 A 98 lk lk 15 k 5% conv pref..50 Gellman Mfg 1 Gen Accept'ce Corpi Class 28% 100 Common 5 $3 pref I Indiana Pipe Llne7% 2k 8k 6k 5k 95 k 5 1 45 10 Indiana Gas & Ghem 67 k lk 1 Hat Corp elass A Class B n-v % 1% Preferred 19 .1 HaskellteMfg 12 28 Grand Garfinckel (J) & Co ^6% conv pref..25 Garlock Packing... • Gar Wood Indu-t_.3 11% .._* 22 ofG 5k * Diecasting 33 43 9% 27% lk Imperial Tobacco 6k 14k 63 137 * ... 8 u 26 of Canada com..5 22 k 20c 1.15 Am dep rets ord £1 Hatfield-Campbel! 1.25 20 Graham-Paige Mot Sc Malt common 1 Partic conv pref 15 Fruehauf Trailer .1 1.15 50 Machine Tool Gilbert (A C) Times Hartman Tob 15c 100 Indus rets Indian Partic pref 5 com Hartford Corp 7% 42 Imperial Oil Ltd.. * Registered shs_.I* Imperial Tobacco 150 6k 13 k * Harvard Brewing Harvill Aircraft Prior 7 % preferred.. 100 _ _ Froedtert Grain 107 1 Arrear ctfs.. Gibson Art Rubber 8 Preferred 10 Free port Sulphur.10 French Investing Preferred 100 125 10 Preferred * 16" 12 r 1 Franklin Ry Sup Franklin Shops 10k 11 k 21 k 15 1 $7 conv pref Foundation Co Foundation Co 105 Godchaux Sugar— * Ford Motor France Am dep rets Formica Insulation * Ft Worth Stk Yds.* Foster Wheeler.. 10 49% 13% 21% 104% 1% 11% 1 Gladding McBean.* k „ 7 13% Gisholt Machine. .10 55 _ „ Cement $5 cGilmer 15 27 pref. 100 Foimer Grafiex * Preferred 100 Food Devices 20c Food Machinery. 10 conv 26% 10% 23 k 100 Rich¬ com 5si Ok 100 Idaho Farms Idea! Cement 24 k 21 k S5 preferred...100 Hart & Cooley 25 106 25% 10% 5% Preferred lk 4k lk _ Class A Class B 105 20 103 Class B com Giant Portland Potter com 50 Imperial Chemical 147 ardson Arms Co— Class A 1 Harrisburg Steel 5 Harris Seybold k 14 49 Preferred 13k Preferred * Fobs Oil * Follansbee Bros * Preferred 10 Follansbee Steel..10 108 k 13% Instru..* 6 % preferred.. 100 Gen Tin Invest Shs. 87 _ 7% 6% 107 pref * Equip..* 6% cum pref A 100 Genessee Brew A ] » com ....1 Casting.* 46 82 & I T C 28" k 22k 98 k Chemical* Harrington 4k 23 % 4k % convpfd 100 Harbison-Walker Refractories com * 6% preferred.. 100 , ;4% - T Gen Tire & Rub—.5 102 * Fla Portld Cem u t s_ Florence Stove • Florsheim Shoe com » Flour Mills of Amer Preferred Foote Burt Shoe 16k 10 11 45 76 4k Preferred 100 Fisk Rubber Corp.l Flintkote Co com. * 5% 8 , Harshaw 43% 125% A3y* 125k * 0% preferred--100 Gen Refractories..* Gen Steel $6 conv Gen Theat Gen Time 132 24" * Preferred * Harlow Aircraft.__1 82% 131 % 27 106 $5 cum pref Harbor Plywood 6% A1* 15 50 * * 5 1 for 1st pref. 1 Brick 3% 16 1% Canadian 4 17 2% price, Steel common. 100 7 % preferred- 100 _ Mfg. ilian & Kokenge »y t New stock, . 8 6% prof 100 Hydraulic Press Mfg Common 5 6% conv pref. .25 Hygrade Foo 1 Prod5 Hygrade Sylvan.. * 4%% conv pref 40 14% 106 H 50 (James) c 6 98 16 4k 44 k Preferred Hanna (M A) 22 105 V t 48 5 Hyde Park Brew. 10 Hydraulic Press 7k 21 5% 7% 100 Preferred Huylers new 3k 4% 58 1 Preferred Huttig Sash&Door %* ilH 14 k 14 k 14 k Hanley 36% 114 5 8 18 4 Fibre 5 Hammermlll Pap. 10 17 16% 4 Gen Ry Signal General 19 Firestone Tire & Rub . 2k 7k 57 23, 6 * 50 32 % 47 * 18 HuRsmarin-Ligonier lk H Hammond Instruml Preferred 50 5% A* * $6 preferred * Gen Rayon A stk._* * 13 k 16 25 A.100 32 25 Hamilton Watch..* $6 preferred 100 33% 16 General Print Ink. -1 20% 94% 1 Filene's(Wm)SonB .» Finch Telecommuni¬ cations com 1 ser Common Class A 13 k 12k 3% 3k 19 k Federated Dept Sts * 4 H % preferred 100 Federated Publica's* Ferro Enamel 1 Fiat Am dep rets Common * 14 k lk Lamp com 5 Hall (W FjPrint'g 10 Haloid Co 5 5k 33 6% preferred.. 100 Fed Mach & Welder Federal Mogul 6 Federal Motor Tr__ » 0% pref Mills preferred. 100 Motors..10 $5 preferred * Gen Optical pref __* Gen Outdoor Adv't'g 30 33 % 1 First Nat Stores Fishman (M H) 13 Hall 5% 109 36 5% 15 h 16% Humble Oil <fc Ref 15k com & Alabaster Ltd. * Hajoca Corp.. * Preferred 100 126 _ General Hubbell (Harvey)..5 Hudson Mot Car..* k 5k Ask share 65 Hummel-Ross Common Hupp Motor n4k preferred...25 Gulf Oil Corp 13% 81% 18% 12W, Bid Howe Scale com * 1st preferred..100 2d preferred __*._* Gypsum Lime 113% 6% 20% 102% General 22 1850 20 1 Guantanamo S"g__* 8°& preferred-.100 Gulfboard Oil 1 1.30 iyi Par Per lk 1650 ♦ 1 1 Engineering 10% 80% £1 * * Machinery * 4k% preferredlOO 2k 21 k lk 4k 13 27 Federal Compress & Warehouse 25 Federal Machine & 6th Ave Coach reg Stocks Grumman Aircraft 3% 1 $4.50 preferred._* Gen Instrument 1 8k K 30 _ dep rets Gen 1 Fed Screw Works. 139 i9M 7 % preferred- -100 Gen Foods Corp * 24 k & com 135 6% 50 7 Prnd_25c Watch Gruen D * Gen Fire Exting Gen Fireproofing. 22 7% 13 % Far ben Ind. Welder 5A^ 52% 21 .. Am Coip com_. 1 Fanny F'mer Cand * Fansteel Metallurg * Preferred A Gen Development 20 General Electric...* General Elec Ltd— 7 % Can Telev 4% . 21 2 Radio Groc Store Group No. 1 Oil Group No. 2 Oil com.l 7% preferred--100 Gen Cigar common * 7 % preferred- 100 Gen Crude Oil..2 k 9 3% 100 20% 6% 5k% pref...25 5 Box Corp.l Ask Per share lk 46 6 * STOCKS Bid Par 3% 5% General Bronze....5 General Cable * 7 Famous Players Farnsworth Gen Bottlers General % 5% Fairchlld Eng & Alrl Fairfield West Md A 3% 43 22 100 100 Stocks 3 10 Baking $8 1st pref 145 2% Fairbanks Morse. .* Faircbild Aviatlon.l Class (stamp) General 40 Ask 1 Texis common._5 Preferred 10 Gen Amer Trans. .5 101% Fafnir Bearing Dairy 6% pref 100 Fajardo Sugar 20 Falstaff Brewery..! Famise Corp— * GenAniline&FilmA * 100 8% 1st pref 8% 2d pref Bid General Amer Oil of Faber Coe & Gregg._ Preferred MISCELLANEOUS Per share Ex-Cell-O Corp—3 Exch Buffet Corp..* 10 Par share 1% 2% 1 _ Ask & x 32 103% 13% 3% 46 32% 104% 1 13 14 * 21 24% Ex-dividend. INDUSTRIAL FEB., 1941] Stocks Ask Btd Par (E) Sons..» 1st pref 100 103* 19* 65 123* 13 Lionel 104 100 5 43* "73* 73* Kayser (Jul) & Co.5 Kefth-Albee-Orph— Keller 1093* 105 pre' 100 Keith (Geo E) Co— 7% preferred.-100 conv 19 Dorian 13* 1 * Kellogg Co Kelly Springfield Tire 3* 13* 20 Colorfilra Kellett Autoglro 18 13* 13* 163* 5 common 173* 73* 83* Kelsey-Hayes Wheel Conv class A Class 1 1 B 1* Kennedys Inc 5 $1.25 conv pref.-♦ 16 5% 53* * Wire 123* * common Kimberly-Clark ... 353* 1103* * 100 Preferred T King Oil Kingsbury Brew 1 ~Klng Seeley com._l Kingston Products. 1 Kinney (G R) Tnc.-l $5 prior pref * Klrby Lumber 100 Kirby Petrol 1 Klein (D E) Co ♦ 23* 93* Klelnert Rubber._10 Knapp-Monarch ._* $2.50 preferred * $2.70 preferred._* Knott Corp .1 si* _. 353* 33* cum 73* * pref * 7% preferred..100 Koppers Co6%pfl00 Kresge Dept Stores I 16 23* 20 50 21 Macfadden Pub—* $6 9 Preferred. — 1 223* 123* 3* 1 MacSim Bar Paper. 1 MacWhyte Co— 8% preferred..100 Macy (R BE) Co Inc * Mad 8q Garden—♦ Magazine Repeating Razor 1013* 33* 113* 183* 253* 123* Mission 2 Major Marketing. .1 Mallory (PR) * 3* 2 133* 143* 14 Maltine Co.. 25 .Manati Sugar com 1 16 % m Option warrants.. 63* IMandel Bros Inc .* Mangel Stores .1 $5 conv pref * 63* Manhattan Shirt.25 20 143* (B). * 9 100 13* 3* 63* 13* Line 41 40 153* 113* 114 Manufac's Trading 1 Preferred .10 25 Landis Machine.,.25 Lane Bryant Inc..* 7% preferred .100 Lanett BIeachery.10 26 28 39 43 1 10 113* Marion St Shov—* 3 45 16 100 Marlin Rockwell..1 Marshall Field & Co* r lI6"~ Landers. Frary & Clark Lane Wells Co Langendorf United Bakeries class A_» Class B * Lanova Corp 1 93* 83* 8 983* 105 33* 43* 6 5 Lanston Monotype Machine Co..100 22 Lautaro Nitrate A.l 20c 30c" 123* 143* Lawrence Portland Cement 100 * Lebanon Steel & fr. 1 Lee Rub & Tire -.5 9 7* * Leh Coal & Nav—* LehPortl Cement.25 4% conv pref. 100 Lehlgb Vallev Coal 6% cum conv pf 50 Lehlgb & WilkesBarre Corp. Lebn & Fink Prod.5 Leland Electric * 23* 213* 3*. 3 2 3 % 31 % 33* 12 12 14 25c 5 331 1% 22 82 13* 23 583* 143* 1093* 113* 143* 105 106"" 273* 93* 273* 1063* 13* 273* 93* 273* 1073* 29"" 31* 2 100 Preferred 1 Electric Rub* 1 $4 preferred * Mastic Asphalt.... 1 8 Master Tire & at* * McCahan Sugar Refining pref. . 100 McCall Corp ...» McColl-Frontenac OilCo * 63* 283* 493* 23* 50 253* 26 383* 953* 95 100 180 193* 263* 23* 13* 33* 153* 1 1 Lincoln Service..100 Prior preferred.50 . 45 Electric..1 Pub McGraw-Hill 183 10 McKesson-Robb'ns 5 Plate com 46 106 223* 73* 107 233* 8 8 age 1883* 180 270 33* 63* 33* 253* 63* 110 J..10 Drill "63* 15.50pfser B ww* 68 Mead Johnson com * 135 137 10 1 10 Called for redemption, see page 111. 53* 83* 73, 293* 110 83* 303* 112 kLast sale, Mueller Brass Co._l Mullins Mfg Corp— Class B 1 $7 conv pref * Muns'ngwear Inc..* Munson SS pref A.* units 5 10 44 New * units New Idea com 753* 763* com..* * 53* 45* 133* 108 93* 33* 1 Newport News Ship¬ bldg & Dry Dock 73* Common 1 $5 conv pref..* Process Co—* V Y Auction .♦ N Y Air Brake * N Y Dock --.* $5 non-cum pf * N Y Merchandise-10 N Y Shipbuilding-.1 Founders shares.l N Y Transit 5 Nicholson File * Niles-Bement-Pond * 233* 1083* 93* 3* 203* 4 New 52 103* 113* 13* 103* 1900 13 com * 1 Noblitt-Sparks 5 Noma Elec Corp—1 69"" * Myers (FE)& Bros.* Myles Standish vtc* Nachman SpringL.* 1 Land—* 49 100 5% preferred.. 100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Co-.---* Preferred 100 Arizona Newport Indus 2 VarnlshlOO r Co.* 112 New Hav Cl 53* 23* Nominal, 88 3* 433* 1093* * Eng Gr'n Prodi England Lime 43 2 n 15 773* 43* 53* Cord¬ common 423* 23* Preferred 13* 83* 843* preferred. -100 69 4 Murphy (G O) 85 New Mexico & (Philip) Murphy 93* 453* 43* 63* 25* 113* 3* 93* 93* 43* preferred..100 66 23* "C" 53* 45 Preferred. ..100 New "H 106 83*, 8 253* 613* 83* 55 New Britain Mach 3* 203* 111 T \ 243* 453* Moxie Co pref . 23* 80 73 * $6 preferred ser A* 5% preferred-.100 a 23 < 613* Nestle-Le Mur cl A * Bedford 72 23 (Herman)..5 Neptune Meter A. .* New 23* • 62 45* % conv pfd 100 5% 283* 8 4 Nelson 8% 33* 73* 13* 43* * * 1 preferred 1st 2 3* 2 Radiator Newberry (J J) 2 1 27 53* 36 Shoe 168 166 163* McQuay NorrlsMfg* Melville 363* 5 203* 263* & 3* 52 — ~ 120 363* 16 107 Preferred 117 119 Mot Wheel Corp..5 Mountain Prod 10 43* 30 Neisner Bros 86 McWliliams Dredge* 16 23* 803* 22 pref. 100 Mead Corp com 23* 79 83 25 $3 conv pref— McLellan Sts com.l conv 3* 20 60 293* 53* 27 Nehi Corp com 3*6 pref ser B._* Montgomery Ward * OlftSS A. ^ Monticello Tobac. -1 Monumental Radio 1 Moody's Invest Serv part pref * Moore Corp com._*r Preferred A lOOr Preferred B —100 r Moore (Tom) Dist.l Moore Drop For \_* Morrell(John) & Co* Cum Morris 293* 43* & Type.l 5% preferred—50 Nat Pumps Corp..* Preferred 10 36 preferred. .* Motor Products * • 5% pref w W..100 6% Monogram Pictures 1 vionolith Portland Midwest pref.. 10 Monsanto Chem__10 Conv McKeesport Tin 933* 73* 34 Motor Finance com 6 37 92 20 13 14 7 133* Mohawk Carpet. .20 Moloney Electric A* Molybdenum Corp 1 Monarch Mach T'l * 49 53* 13* 4 101 100 Preferred 123* B McGraw Judson— Voehr I nger.Co2.50 MosinePap Mills 100 McOrory Stores.. 143* Conv 6% pref. 100 alll15 JS 9* 353* 63* 3* 23* 63* 43* 3* 143* 1 46 McCord Rad cl A__* 33* 3* 355* 63* — 13 10 33* Nat Refining com..* 60 Nat Rub Mach * 93* Nat Shirt Sh Del..* 8 $6 preferred... 100 223* Nat Steel Car Ltd.* Nat Steel Corp—25 Nat Sugar Refg—_* National Supply— 7% preferred--100 12 Nat Supply (Pa)..10 3 53*% pr pref. .100 10-year $2 pref 40 33* 6% prior pref.100 Nat Tea common..* 43* Preferred 10 1 3* National Tool Nat Transit—12.50 Nat Union Radio 30c Natomas Co * 110 Navarro Oil * 143* Nazareth Cement. 10 25 Preferred 100 73* Nebel (Oscar) pref.* & Machinery..100 Mortbon Corp A..1 Mtge Bk of Colombia 3 108 27 2 w_ 25 12 _ . 33* 5 Pipe Line A 1093* 493* American shares.. 104 91 Class 1 1 common & Co Ltd Morse Twist 174 7% preferred-.100 May Dept Stores. 10 Maytag Co * 1st $6 pref * $3 cum pf w w ._* Preferred 1 $4.50 pf ser A_r_* 60 3* 253* Mtge No"par value, 23* 33* 3* 89 100 1 Lima Locom Wks Lincoln Bldg v t c._l ♦ 27 32 9 6% 1st pref... 100 6% 2d pref...100 Martin (Glen L) 1 Martin Parry Corp * Masonlte Corp * 5% A conv pf_100 Massey-Harris * Master 13* 93* 26 Mapes Cons Mfg..* Maple Leaf Mill—* Preferred 100 Maracaibo Oil Exp.l Marathon Paper 25 Margay Oil Corp..* Matu'son Alkali 23 113* Le Tourneau (R G)l Lewis (Edgar r)pf 10 Lincoln 23* 36 Leonard Refining-3 Lerner Stores * Lincoln Hall v t c. 10 33 Lemp (Wm J) Brew5 Leonard Oil Devel 25 Ley (Fred T) & Co * Libbey-O wens- Ford * liberty Aircraft 1 Liberty Baking.—.* Preferred 100 Lib McNeil & Lib.7 Life Savers Corp .-5 Lig & Myers Tob .25 Common *B 25 7% preferred.. 100 Lily Tulip Cup. — * , 116 113 — i 4 3* % pref iLessings Inc 33* 253* 3* 25 Lefcourt Rlty Corp 1 Conv pref. 10 33* Lea Fabrics 5 1 83* Preferred 13 113* Missouri Kansas Mock 3 & Co common—* ' 123* 93* 213* 1 Oil Class B "43* 100 58 Mo t'ortl dement.25 43* 123* Preferred Lakey Fdy & Mach 1 Lambert Co _* 33* Missisquoi Corp— 7% preferred-.100 $1.60 partic pf._* Mississippi Glass— A common 25 B common 25 Miss Valley Barge 3* 5 24 Nat 3* 13* * 4 * preferred. National Oats.. Nat Oil Products- _4 Nat Paper 4 lc — Manning Bowman • 43 Power Implem 193* 23* 58 $1.50 413* 483* 193* 23* ..* &Stores._* Natl Motor 23* 143* 108 IIII 63* 53*% preferred..* Bearing* 143* 33* 13* 123* 4% pref se- B.100 Minn Min & Mfg. * 163* 152 96"" Steel Castings •__* Regulator 92 175 148 100 100 Licorice com prefer ed.100 Lock Washer .20 Nation'l Malleable & 5 50 8% preferred Minneap-Honey wel I 123* 73* 171 100 6% 10 8 1 $6.50 mm pref..* Mission Corp 10 Mission Dry Corp.l 15 Milling, j 133* 23* Falls. 13 113* 73* 873* 163* Nat 13* .73* 173* 12 com.l Nat 118 Nat Mfrs Miller (I) Sons com 33* Gas. 7% pref A 6% pref B 353* 73* Supply common.* Millers 17 20 1 * Lead—10 National Piping & Minneapolls-Moline Preferred Manlschewitz Preferred 1153* 13* Mid-West Refin's.-l 9 29 Nat Fuel Natl Gypsum 173* 17 n-c Midwest 13* 23* 3* 14 46 Products Food 23* 23* 123* * Stpg Box..25 Class A 124 123 1st pref.-_100 div shares.* * Mid-West Abras_50c Midwest Oil 10 $2 10 Mahoning Invest 100 44 353* Mid vale Co 143* 30 $4.50 conv pref..* 8% oi* 83* 213* Welding com...l Enam Nat 63* Midland Steel Products com.* 24 4 Corp— pref....* 70 Majestic Radio Lake of the Woods conv 9 253* 263* 133* Lago Petroleunh... 1 Oil Midland 93* 133* 53* Machine Vat 1434 23* 3*6 1 _ 3* Nat Elec Class B 65 13 121 v Class B vtc 14 33* 143* Pet— t c 1 1 253* 253* 283* Class A 33* 10525 3* 43* 63* States ._.* com Preferred 43* "Ik 13* 73* 283* 33* * 37 8 Mid-Cont Petrol.. 10 73* 12 Nat'I Drug 6^ prf 50 Nat Folding 2 13 * Dist Prod.. Vat 63* •, 6 Airlines— Common 1 31 30 Mack Trucks Inc..* 43* 33* 3* 13* Midcont'l 33* 136 Special pref 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* 1st preferred. 100 2d preferred.. 100 Kysor Heater 1 Laclede-Christy Clay Products * Laclede Steel 20 6 4* 10 MIcromatic Hone__l 213* Magna vox Co Ltd.l 63* * Sugar Preferred 19 110 55 122 63* $2 45 . "Ik Middle 3* 23* 133* 4% preferred..100 Kresge (S S) Co. .10 Kress (S B) * 283* 1 62 103* 86 100 3* 23* 17 3* 13* * 40 14 10 Kobacker Stores 1 Michigan Macfadden Newsp.* Knuasen Creamery 6% — "23* 55 12 1 8»S ♦ $7 Reg * Nat Chem & Mfg__l Nat Container (Del) 1 Nat Cylinder Gas 1 Nat Dairy Prod—* Vat Dept Stores * 6% preferred -.10 99 100 Mich Bumper 164 2 Preferred Nat. Cash 40c Mich Chemical 14 * Vat (basket com ^'A Mich Steel Tube.2 3* 183* 63*% pref 100 Luscombe Airpl_50c Lynch Corp 5 Lvon MetalProd.lO MacAnd & Forb is 10 6% preferred- -100 273* 32 133* Mich Steel Oast Lunkenhelmer Co— Common * 2 303* 15c Preferred 93* 63* 108 97 1st ..100 Meyer Blanke Co..* 203* 1663* 163* preferred..100 2d preferred—100 44 Metrop Playhouse. * Mexico -Ohio < >il,.. * 155 Lukens Steel 23* National Candy—* 17$ Vat Biscuit Aluminum Fdy..* pref'ence.15 Preferred 145 14 13* 1% 26 A 1 Kinner Motors 23* 37 Metal & Thermit..* .100 5% n-c pref 93* 13* 1 3* 3* 343* ioIk 1 10 7% preferred—100 Nat Breweries * National Bronze & Mich Gas & Oil .1 Louisville Gem—100 Ludlow Valve com.* "% 8 Par tic conv Bellas-Hess Vat 43* 13* 25c Common 1083* Loudon Packing 373* 33 5 108 160 123* % 1 Iron. Machine 73* pref.. 10 Nat Bearing Metals* Preferred..—100 Metal Textile Corp 108 49 46 Mesta % ... 6 Fibres common..1 6% 853* 83 Mexican Petrol -.*-1 193* 1023* 83* 133* Louisiana Ice & El 16 2-3 Case Mesabi 32 1083* 163* 3* 383* 33* 163* 101 Keystone Watch 25k 43* Warrants 82 79 10 7% preferred--100 Los Ang Shipbldg Keystone Steel & K 243* 63* 7 Airlines. _1 National 54 com 61*% pref A100 14 63* 313* 1063* 163* 3* 373* 23* 153* Lorlllard (P) 56 52 _.* Scott preferred—100 1st 2 43* Preferred 63 193* — 85k National Automotive 243* 103* » 50 Merrimac Hat -.25 Co Nast (Conde) see O Vat Acme Co.. 1 23* Merritt, Chapman & 2nd preferred. .100 "6k 1 33* Keyes Fibre com..* 833* Lino.* Merventh'ler 53* 13* preferred--100 Lord & Taylor. 17 Kentucky Stone vtcl Key Co common..* Preferred 263* 24 si* Paper Nash-Kelvinator __5 16 118 6% preferred..100 16 24 100 Preferred Class A Merck & Co com.'.l 133* Long west Corp * Loose Wiles Bis..25 33* ♦ Kensico Cemetery Association 100 68 Nash 133* * 19 15 Cement com 18 _ . Merchants Refrig..* Preferred 100 16 preferred—100 Longhorn Portland Ken-Bad Tube & Lamp A Transportation 103* 163* 143* 43* 13* 583* $5 5 ♦ Coated Merchants & Miners 103* 6% preferred 25 Liquid Carbonic — * Llquidometer Corp 1 Lit Brothers * Preferred..... 100 Loblaw Groc Ltd A* Class B * Locke Steel Chatn.5 Lockheed Air Craft .1 Locomotive Firebox* Loew's Inc. com—1 $6.50 cum pref..* Loft Inc * Loft CandyOorp.. . 1 Lone 8tar Cement-• Long Bell Lum A..* Common... * 17 94 100 Preferred 23 153* Mercantile Stores. _* 9 8 * - Refg...... Lion Oil 96 7% 103* Corp.-...-10 Hon Match 1043* 5% conv pref. 100 Kay nee 10 Preferred "83* 323* 113* Llpton (Thomas J)— 1 Common A* 62 K.O Stk Yds Me. 100 f Preferred 100 Kaufman Dept St's 8 Link-Belt Co 12 Per share Narragansett Racing Assn com 1 Nashua Gum and 33* 22 5% conv 1st pf.50 Bid share 33* 1 Mengel Co 24 31 Line Material 10 Furnace com 100 -.5 Preferred 102 Kalamazoo Stove & Kane Carburetor. .* 213* 1073* Lincoln Stores. -—* 133* Per Par Stocks Ask Bid Par share Per share Per 123* Kahn's Stocks Ask Bid Par Stocks preceding the date of issue possible for tbe closing day of the month Quotations for all securities are as near as 89 STOCKS MISCELLANEOUS & 111 65* 113* 7lk 114 63* 12 26 23* 38 53* 93* 73* 253* 23 63* 323* 573* Corp— Class A Class B com North Amer Avia__l 303* 10 283* 33* 153* North Amer Cement 1 1 1 No Am Refractories Class A * Class B * 2 k % preferred 100 35 Common Class A 6 pref 7 Class B pref 15 153* 49 63* 673* 503* 14 16 53* 64 . 93* Canadian price, 11 6 North Central Texas Oil t New stock, x 4 1 5 Ex-dividend. 5 13* 40 35* 90 INDUSTRIAL Quotation* for all securities Stocks Bid Ask Per N'east Airlines, North German Lloyd Amer shares 11 13 9% Petrol 1 5 5% 2 3 9% 20% N'weet Yeast 50 Norwalk TireA Rub* J17% preferred. 23 Norw Pharmacal .2 % No-Sag Spring. • Chem 25% 1 5 1 1% Oceanic Trading. 10c Ogllive Flour Mills.* Preferred 100 Ohio Brass B Ohio Forge A 30 13X 9X 26 X 5X 1% 9 Nu-Enamel 150 160 21X 22 * 19 19X * 11% 9% 13 * .... Ohio Oil • 6% preferred..100 Ohio Rubber * Ohio Seamless Tube5 10% 7X 111N 7 111 110 18% 19% 5% preferred • Oil Exploration 1 Okonite common 100 100 120 6% preferred--100 85 90 15X 3X 16% 5X 7% _ Oliver Farm Equip.* Oliver Un Filters B * Omar Inc 22 24 X IX 1 6% preferred.-100 Oneida Ltd coml2% Preferred 25 76 Otis Steel.. 18X 30% 3% 1% 3 8* 9 15% 16% 149 150 * 9 $5.50 convlst pf_* Outboard Marine & 44 47 Manufacturing.. 6 24 26 Outlet Co com * 17% preferred.. 100 Owens-Ill Glass. 12% Ox Fibre Brush 51X 53 116 X 45 120 Pacific Coast Cem_* Pacific Coast Co.. 10 1st preferred * 2d preferred * Pacific West Oil.. 10 Package Mach * Packard Motor * Page-IIersey Tubes * Palmer Bros Pan Am Airways * 5 Pan Amer Match.25 Pan Amer Petrol & Transport 6 Pan-Amer Southern! Panhandle Prod & American shares. , "6% 5 65 55 A* 14 8 IX 2% 12 X 6X 6X 45% 2 3 15 7 6% 48% 3% 3 66 X 69 X 13 X 10 X ,6% 2d pref 10 Davis Co..* Parker Appliance. 1 Parker Pen .10 Parker Rust Prf_2% Parker Wolverine. * _ . Parkhill Gdns v t c. 1 Parker Young units. Park & Tilford Inc.l Parkersburg Reel Rig 41 35 105% 3% 10% 3 10% 96 98 10N 28 N 10% Peerless Cement * Peerless Weighing & Vending com 1 Preferred * see Pelham Hall vtc. .1 Class B 15 15% 9% 1 9 1 , 109 8% 112 28 32 7X 5% 8% 5% 15c 2X 3% 2X 2% 46% 47 80 81 lines Corp 1 Penn Coal A Coke 10 Pa-Dixie Cement. 7% conv pref A._ 12H 12% 2% 2% 2 2X 40 41 Pennsylvania Forge 1 Penn Glass Sand— Units 12% 112% 1 Penn Rivet Corp__l Perm Salt Mfg 50 Penn Sugar 20 2% Penn Vy Crude Oil— Class A 6 Class B lc Units Pennzoil Co . Circle 13% * 30 Gear %6 % 177 13% 2% % 1% 180% 14 2% % 5c % % 26 22% 23% 165 173 2% 25% com * 12% * 3 27% i 92 1 Without par value, 5% a 6% 13 9 66 37% B common 55 68 38 Rice Stix Dry Gds_* 1st pref 100 2d pref 30 5 Works 20 _ ~8% * 6% * 19 * 10% 7% 19% % % 8% 22% % 1 5 Pref stamped 5 Powdrell & Alexan.5 1 Class 25 15 10% 101% 4% 22% 5% 8% 62 16% 11% 93 9% 19% 6% 8% 1% 7% 4% 19% 100% 9% 23 93 94 8 52 60 33% 12% 33% 13% 17% 8% 4 Preferred 21 23 4% 5% 48 50 8% 9% 2% 6% 2% 12% 19% 3% 13% 20% 8 8% 9% 26 1 20 23 13 conv pref * Pressed Metals Am.l Pressed Steel Car— 49 51 11% Rogers Peet 100 13 16 8 Preferred .100 30 Rome Cable Corp.6 Roosevelt Field 6 Root Petrol Co 1 2 2% 1% 1% 4 5 12 34 37% % 10% pfd_20 Roper Lumber— 70 1% 8% preferred-.100 5% preferred ..100 229 Prosperity Co B 118 1 * Corp..* 1st preferred.. 100 Original pref.. 100 Puget Sound Pulp & Timber com..* Preferred 20 5% conv pref. .100 6% preferred. .100 Purity Bakeries. ._* Purolator Prods___l 4% % preferred Pyle National Co. 5 Pyrene Mfg 10 Quaker Oats * 6% preferred.. 100 Quaker State Oil. .10 Quincy Market Cold Stor & Whse__100 Preferred -.100 Rademaker Chem.l Radio Corp of Am.* $5 pref B * 1st pf * * 1 6% conv pref.100 Option warrants. Ralston Steel Car. 10 33 110 '110 preferred .100 Randan Corp pt A_* * Rapid Electrotype.* Packing 10 Raybestos-Manhat * Raymond Concrete Rath * * Rayonier Inc com 1 $2 cum pref,._ .25 Raytheon Mfg..50c 6% preferred 5 Rea1 Silk Hosiery Mills common cum Called for redemption 5, pref. .100 see page % i 5 37 16 7% 87% 17% 22% 25% 5% 7% 88% 99 5 10% 3% 11 4 80 ~8% 11% 7% 30 7 101 102 147 150% 9% 10 7 51 % 4% 1 4% 80 59% % 3% 41% % 6% 18% 54"" 58" St Lawrence $2 % 5% 65 75 20 4 21% 8 60 19 19% 13% 45% 13% 28% 1% 14% 1 1% 25% 111. 48 14% 28% 1% 1% 2 28% Corp.* pref 50 Mills com 100 Preferred 100 St Lawrence Paper— Preferred.; 100 St Louis Car 10 Pref. (assent) .100 St L Rocky Mt A Preferred St Paul Union Stock Yards 100 1 1 25 Sanitary Co of Am 8% preferred .100 San-Nap-Pak com.l Preferred 8% Units Nominal, 100 Singer Mfg 100 Singer Mfg Ltd.._ £1 Sioux City Stock r % 6 3% 47 8% % % 1% 10% 5% 12 67 3% 53 4% 4% 39% 5 10% 105 35 74% 114% 6% 111 13% 11 24 "X 15 19% % 95% 112% 5 Sloss-Sheff S & 1.100 $6 preferred 100 Smith (A O) Corp. 10 Smith A Corona 17 10% * Smyth Mfg Snider Pack! * 25 ♦ g Snyder Tool & Eng.l 8ocony Vacuum.. 15 1 Conv A pref * 1 Mfg 11% 48% Sonotone Corp 1 2% South Coast Corp.-l Preferred 100 South Penu Oil 25 1 So Porto Rico Sug_* 4 8% preferred. .100 59% 40% 111% 40 111 74 84 99 1 0 14 8% 50 14% 4% 8% 3% 6% 31% 1% 11% 3% % 20 38 17% 135 South Shore Oil A Development -. 100 S'eastern Greyhound Lines common. 5 6% 3" - 9 2 * 11 57% 1 2 55 112 * Conv preferred.. 1 Soss Mfg common.1 % 45 26% 2% 20 Preferred 18 46% 3% 2% 1% 50c 15% 17 3% 22% 18% 20 com Sonoco Products—5 conv pref. .20 % 13% 20% Southern Advance Bag & Paper— $2preferred 19 50 25 6% preferred-.100 Southern Groc com* 22 26 Southern, New England Ice cl A__ 4 South'n Pine Line 10 Southern Phosph.10 Southland Royal. .5 24% 76 115 112 7% 5% 5% 4 55 South West Penna % 16' 7% 91% Pipe Lines 10 1st preferred Spear A Co $5.50 preferred 28 31 2% 75% 2% %6 2% 78% 104 * Sparks-With'gton. 3 % 108 45 2% 3% 8 9 90 Savannah Sugar 1 "avoy Oil 5 chenley Distillers .5 5%% pref 100 n Simplex Paper 1 Simplicity Pattern. 1 Simpson Ltd B * Spalding (AG)&Br.l 15 100 Salt Dome Oil Samson United Sanborn Map k Last sale, Co 7% pref...100 15% 4% 100 * St Regis Pap com..5 Preferred * Simon Brewery.... 1 Simon (Franklin) A Solar 15 Pacific Co. .100 Preferred St Louis Screw— 6 Bolt com 5 7 54 conv 3% 35% Simmons HdW A Pt Common .* Simms Petroleum.10 Solar Aircraft... 125 St Lawrence Flour 60 % 3% 40% 16% 100 * Paper Mills 28 % Preferred 83 Typewriter Smith (Howard) % $2.50 conv pref..* Ryan Aeronautical 1 Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car Heat 6 Ltg (Del) 50 Safeway Stores * 5 % preferred. .100 St Croix Paper.. 100 * * . 26 Russeks 5th Ave_2% Russell Mfg * Rustless Ir A Steel. 1 *j 100 . "9% 9% 26 Royalite Oil Royal Typewriter. 7 % preferred. .100 Ruberoid Co * .... 21% 24% _ Pile common. $3 conv pref w 25 .25 - Skelly Oil Organ Royal Development Royal Dutch Co 119% %6 4% 97 Pullman Inc * Punta Alegre Sugar * Pure Oil Co * B new common Hoist Skinner of N Y ord shares Producers Corp of Nevada conv Ctfs 55% conv 2 72 _ . 5%% conv pf.100 Shepard Niles Crane Sirlan Lamp com Preferred. Rose 5 10&25c Store % $1.20 American shares. Shell Union Oil 15 Yards 28 * 11% (Frank (4)* Sheaffer (W A) Pen* Shell Transp A Tr— Preferred 5% preferred.. 100 Roeser & Pendleton * 11 1 . Simonds Saw A Steel Common Rockwood A Co 11 $3.50 convoref..* Pub $3*pref Simmons Co 1 % 11 1 * Silex Co 21% 5% conv 1st pf_„5 5% conv 2d pf._50 Pressurlube Inc 1 12 1% 13% * Shatterproof Glass 1 39 Common Serrick Corp cl B..1 Inc 1 Seton Leather * Sharon Steel Op * Servel Sber-Wms Can 21% 7% 40 1 Preferred Shuron Optical 37 Hall 10 97 93 50 8% % * 100 Lambert. _* Prentice 110 Simmons-Boar dman . 100 ware com Preferred Seiberling Rubber.* 5% preferred-.100 Selby Shoe * Selfridge Prov St £1. Sentry Safety Con.i 6% pf 8er AAA 100, 34 5% % _ * Sherw-Williams 92 % Preferred 25 8% Robertson (H H)__* 23% Robertson Pap Box.5 % Robinson(Dwight P) 1% 7% 1st pref—100 1% Rochester Button * Security Storage. .25 Sedgley (R F)Inc 50c A 5 100 33% 8% % 1% B Preferred Robbing & Myers. .* Seaboard Oil (Del).* Seagrave Corp * Sears. Roebuck * Shattuck 8% 8% 4% 114 28 $5 conv pref Sharp & Dohme 69% 11% 110 97 3c 1% 34% Segal Lock & Hard¬ 11% 17 10 21 Scruggs-VanderBarney com 5 1st preferred.. 100 2d preferred..100 3%% pref....100 Seeman Bros 105 69 % 1% y * B . "4% 94 101 * 23 65 1 7% 4% 19% 100% 13 25 Scullin Steel Warrants 7% A Class _ 9 % 9% Riverside Cement— 'H 3% 18 % $4 preferred. Scovin Mfg Scranton Lace 5% ;178 10 com mon. Riegel Paper 10 Riley Stoker 3 Risdon Mfg Co 25 Ritter Dental Mfg River Rasin Paper, 13 56 18 * Richman Radiator. 1 Richmond Cedar 100% 15% 52 Co Richfield Oil Corp.* Warrants 3% 9% 34 98% 15% 11% Plymouth Oil. 5 Pneumatic Scale. .10 Pocahontas Fuel.100 Polaroid Corp 1 _ 100 5 5 Rican Corn % 3% 3% 9% 1 Rhinelander PaperlO Rirhardson 100 10 Rheem Mfg Co 1 % % Plough Inc..... .7 X Plume & Atwood.25 Plymouth Cord. 100 7% • 8 52 5% pref A 100 Pitts Term Coal— Preferred 100 Plttston Co. * Plant (Thos G)— Class % 2c Preferred Co 87% 6% Pitts Screw & Bolt.* Common Perkins Machine and Permu tit 85 6 10 cum 20% 33% t c..l _ Pittsburgh Steel * 7% pref B 100 5%% prior pf.100 Pollak Mfg Poor & Co class B. Class A w__25 v pref. .100 5 % % cum pf. 100 Reynolds Metals..» 5%% conv pf.100 Reynolds Spring 1 Reynolds Tob 10 13 Pfttsg PI Glass—25 $3.50 20 com.. Peoples Drug Stores5 Pepsi -Cola » Albany Bottl Co.4 12% 12% 7% 84 Pgh Metallurgical 10 Voting trust ctfs. w Class A 1 Radio-Keith-Orph. 27 Penn-Mex Fuel Perfect " 5% 37 82 Publication 6 6% * 10 18% Preferred 8% 55" 18H 8X X 7X 16% 8 *r Penney (J C) Com.* Penn-Gentral Air¬ Common vtc.. 5% preferred.. 100 Penna Industries— * pref 7% 1st pref pref.25 Remington Arms.-l conv 72% * 17 Ford 100 Forgfngs.i $1.50 Republic Air Prodsl Republic Aviation. 1 Republic Steel * 6% conv pref.100 6% prior pf A.100 Revere Cop A Br..5 Proc & Gamble Pender(D)Groc'y A* Penn Traffic Pitts 3% 2" Reo Motors 6% 4% 33% , * conv Reliance Mfg Co. 10 Preferred 100 Reliance St eel 2 67 Pltney-Bowes Post.* $5 3% 48 19% 4% * 19 ._* _ 109 * 100 7% 20% 7% Pirelli Co of Italy— Am shs 500 lire 6% preferred- 104 * 23 1 Pitts Coke & Iron 8% preferred..100 Scott Paper * $4.50 preferred..* Rem'tn Rand com. 1 Bond warrants 2% 22% Pillsb Flour Mills. _* Piper Aircraft Preferred 3% 37 8 pref.100 Pilgrim Explorat-.l conv Price Bros & Co (Rogers) Penick & 8% 14% 13% 12 Parmelee Trans * Pathe Film Corp__l Peet Preferred 58 51 25 Reis (Robt) & Co..* 7% 1st pref.. .100 Reiter-Foster Oil_% Reliable Stores * Preferred. 100 Reliance El & Eng 5 6 3 Pierce Butler Rad.5 Pierce Governor * Pierce Oil Corp— 55 49 Mills Ltd Preferred 11% 4 Schulte (DA) com.. Preferred Schulte Retail Stores Old com * _ 6X% pref 83 Regal Shoe pref. 100 % Regent Knitting 4 43% 2% 11% 1% 14% 1 Reed Roller Bit. Reeves (Daniel) 66 *32 29 14 29% 2 * com Schulte Real Estate I Preferred 100 50 com Preferred Units. 4 10% 5% 62% 3% 36% Pratt Food 36 Class A Reed Prentice si* 29 7% preferred. .100 Phillips Packing * Phillips Petrol * Phoenix Hosiery 5 7% preferred-.100 Pick (Albert) com.l Preferred 33 Red Rock Bottlers. 1 Reed Drug— 25 % 105 5% 1% % 2% 19% 13% 7% % 1% 20 % 6 * Preferred 100 Philco' Corp com. .3 6X 5% 7% preferred * Pathe Laboratories* Peck, Stow & WficlO 4 Common w I * Potash Co of Am..5 Potrero Sugar com .5 3 5 Red 82 8% 7% 2Vs * 15c $6 preferred * Phil & Read C & I.* Phila Record com.* 13% 12% & common 25 Phila Dairy Prod..* $4 preferred * Pratt & 4% conv pref.100 Paramount Motors 1 Paramount Picturesl 0% 1st pref 100 Parke. Phelps-Dodge 7% 3% 29% Aircraftl Porto-Ric-Am Tob— Class A * Pressing Machine common * Preferred .* Paraffine Co Inc..* 21% 18% Porterfield 8 3 "1% Pleas't ValWine Col 52 Refining com 1 Pantepec Oil Co— Pantex 46 92 Oxford Paper com.* $6 preferred A * $5 preference * Pac Amer Fisheries 5 Pacific Can ..* ■ 9% 1 13 Pfeiffer Brewing * Pharis Tire & Rub.l Schiff Co 1 Derivatives.* Per share Par Rearwln Aircraft & Bans Oil Bid Stocks share Engine Reda Pump 7c Pitts Coal (Pa).. 100 17 X 29% Oppenheim Collins. • O Sullivan Rubber. 1 Oswego Falls comlOO Otis Elevator...._* 6 % preferred—100 21 / 20 41 Ask Per Par 1 Phillip-J ones Corp.* r r * Machine Corp Ohio Leather Ohio Match 24X 2X ■a 13 _ Novadel Agene Noxzema 22 2i% 50 .. 10 X STOCKS Bid Stocks share 37" Petrol Heat & Pr__* Petrolite Corp Petti bone Mulliken * Warrants Northwest Airlines,* N'west Engine * Ask Per . Northrop Aircraft Class A_ Bid Per vei Corp 1 Peter Paul Candy.. * Pet Milk... * Petrol Conversion 1 37 8% MISCELLANEOUS possible for the closing day of the month preceding the date of Issue Par 5% 35 North & Judd 25 North Pipe Line, /10 Stocki share 5 & are as near a* 41% 30% % 10% 41% 84 . * 1 25 1% 6% 1% 3% * Spencer Kellogg * Spencer Shoe * Sperry Corp v t c._l Spicer Mfg Co * $3 conv pref A * Spiegel Inc com 2 $4.50 conv pref..* Sport Products 7 Square DCo 1 5% conv pref.100 Squibb (E R) A Son* $5 pref ser A * i8% 1 34 32% 58% 6 54 8 32% 114 86 32 37% 114 % 10% Canadian price, t New stock, x / Ex-dividend. 14'd IX Bid Stocks' Per Par\ Stahl-Meyer com..*! Staley MfgOo 10 7% preferred.-100 $5 preferred * Standard 1654 111 T hompson Au to Arm 1 Thompson (J R)_.25 Thompson Prod.. $5 conv prior pf 65t 654 112 % preferred .10 4% 14% .5 X 354 standard Coated "roducts com.lOc "referred 7% 654 11354 54 454 1554 1 4% 154 2 3% 4 25 • 18 X 26 X 48 1954 2754 50 1954 3354 3554 10754 854 Stand Oil (Ohio)..25 5% preferred..100 Standard Products.! Standard Screw..20 Preferred A 100 Stand Silica com 1 Stand Steel Spring. 5 Standard 36 125 354 2254 154 Works 1754 4854 34 — — — 454 2454 154 Steel Co of Can...* Stein 1254 11% 2% 3854 854 (A)& Co com ♦ 8torch! Bros com..* 6% 1st pref 60 6% 2d pref 20 Sterling Aluminum 1 7% Sterling Brewers... 1 Sterling, Inc 1 $1.50 preferred..* Sterling Products. 10 % Products com Preferred A Stetson (JB) Preferred 281 1 12X Udylite Corp 1 Underw Ell Fisher.* 11 8 254 Union Wire 14 13 12 13 Un St Yds ()maha 100 57 Union Tank Car...* 27 1.25 preferred..* 16 Studebaker Oorp__l Submarine Signal.25 7 27 30 Sullivan Mach'y- sun Oil com 1154 55 12% 55% 125 126 10 IX 14X 2X Superior Steel...100 Superior Tool & Diel Susquehanna Silk IX 1 Class B 21* Sutherland Paper.10 6X 15 Preferred 25 Sweets Co of Am.50 Swan Finch Oil 12% 15 2X 21X 7X 3X .1 25 ~5" IX Swift & Co 1% 2 IX 22X 22% 18% 1854 18 X 20X Sylvania Industrial * Symington Oould— 1 654 5X 1 3 Common w w ...1 Common x w Taggart Corp $2.50 pref Class B ox 5% 3% * Unit Paperboard-10 Preferred 100 Unit Piece Dye com* Preferred 100 1 17% U S Distributing 32 7 % conv prer.100 U S Envelope 100 Inc.. Telaut'g'ph Corp..5 Tennessee Corp.__5 Tennessee Prod * Terminal Ref & Warehouse Corp50 2X 4 Term & Trans com. 1 Preferred * 34 5X 37.X Term Warehouse 100 Texas Corporation 25 Tixas Gulf Prod * 3 Salph..* 35X Tex Pac Coal & Oil 10 5H Texas Gulf Texas Pacific Trust efts * U S Graphite U 8 Gypsum 3% U 8 HofT 53 4% 36 8 37% 3% 36% 6 4 4% 2X 8X 1 * pref..* No par value, U 8 Freight 20 7% preferred. .100 Machine.5 U S Holding U 8 Ind Alcohol . U 8 Leather U U U U Thatcher Mfg conv U S Finishing U S Foil B Land Texon Oil & Land..2 $3.60 100 * 1 * 5 Preferred 9% 3% 8X 5 5X% conv pf..50 50 3 38 X a * com..* 7% cum pr pf.100 Part conv& cl A. * 8 Lines pref • S Pipe & Fdy..20 8 Playing Oard.10 S Plywood Corp— Common I $1.50 conv pref.20 15c 1 354 6 110 Willcox & Gibbs 100 50 Oil Preferred 115 37 33 85c Y.60 60% 654 % 6354 754 X F) (H 554 454 & 30 7% 4% 4% 9% 154 3 59 X IX Xe 2154 2454 86 90 1054 12 1 7% 254 Compt.i 10c 20c. Winters 44 X Witherbee Sherman 10c 40c 4 Class B X 2154 23 54 Class C 7& 454 254 2254 6% preferred 1 Va-Car Chemical..* 6% part pref.. 100 Va Coal & Iron.. 100 Va Iron O & C..100 Vinco Corp com 5% preferred..100 Vogt Mfg * Vulcan Corp * $3 pref * 4 54% oref * com..* Preferred ..* Waltham Watch com & Worts 13 16 35c 45c % 57% 45 8% X 10% 3954 110 5% 9 6 63% 177 5 57% 4554 8% X 10% 42X 115 X 5% 9% 8 63% 5% 3554 7X 24% 26 4 56 6% 3 28% 31% 21 28% 7% prior pref. 100 6% preferred.. 100 Walworth Co * 6% preferred 10 Ward Baking Corp— Com class A * Com class B * preferred _ 100 Plct._5 $3.85 conv pf * 7% 4% 64 754 3% 29 33% 22% 29% . Warner Bros. Warner Co com...* Preferred Warner & Swasey. * Warren Bros * * $3 cum pref 179 ~6% k Last sale, 154 754 120 4354 DetlnninglOO 7 % preferred .. 100 9% 24 Vultee Aircraft 1 Waco Aircraft * Wagner Bak v t c -1 Preferred 100 3% 3% Wagner Electric.. 15 65 Waitt&Bond Inc A * Class B * % * 2% Waldorf System Walgreen Co com..* 4 X % pref w w 100 X 7% WalkerJH) Good'm 26 454 69 Victoria Gypsum..* Preferred 100 7% 5% 4% 2% 454'; 254 554 5 100 Wins ed Hosiery IX IX ' 2 68 * Wilson-Jones 2 2 Wilsonite Products 1 20c 6% 154 IX 454 5 Wm Oil-O-Mat—* Williams (R C>—* Willys-Overland 1 6% conv pref..10 Wilson & Co—-—* $6 preferred * Wilson Line * Preferred 100 Willson Products..1 Gas. Warren Fdy & Pipe * Warren (Northam) $3 conv pref • Waukesha Motor—5 Wayne Pump 1 Webster Eisenlohr.* 7% preferred..100 Welch G'pe Juice 2 X Preferred 100 Wellington Oil 1 Wells Fargo & Co-.l Went worth Preferred Mfg.l % —* 2 4 2 21% 39% 3% - Class WJR % A n Nominal, r 154 IK 3/ 854 50 Goodwill 5 The Station 1054 30 28 Portland 10 Wolverine Tube 2 Wood (Alan) Steel.* 7% preferred--100 554 554 754 8954 9154: Woodland 64 68 Wolverine "4% 20 15 954 9 3254 1754 9454 28% 15% 93 Cement com Cemetery Petrol Woodley 554 5% 8 454 1 454 Wood Newspaper Machinery pref..* 135 ~7X 6% 3X 7% Prior pref units 4 Woodward 2954 2954 854 Woodw'd & Loth'plO 45 50 100 120 76 25% 2554 554 54 854 2154 454. 8 2054 105 100 Iron..10 Preferred 92 Woolw'th 3154 (F W)_10 554 ord. Preference 7 4 90 24 20 4 X 454 754 3% X 1454 3 58% 2% 754 2154 t 754 454 1 6 1 Am dep rects 7 45 Worcester Salt. .100 Worthington Pump 2054 85 95 89 5954 62 55 5754' 91 7% pref A 100 6% pref B 100 4%% conv prior preferred 100 454% series prior preferred 100 Wright Aeronaut'l.* Wrigley (Wm) Jr..* 20% 90 & Mach 2854 1354 27% 13% 31% Wool worth Ltd— 95 7454 8 Wurlitzer 7554 854 (R) comlO Preferred 100 97 * 70 74 1954 2054: Wyman Gordon 1554 354 Yale & Towne 59 100 Yellow 3 854 2254 ■ 8* 7' 28 30 40 4354 1654 1854 354 25 Truck <Sfc Coach Mfgcl B..1 1454 7 % preferred- .100 York Ice Mach * 7% Preferred--100 Young (J S) Co..100 117 100 1454 118 129 Preferred 354 4454 454 48 92 Young (L A) Spring 1554 18% 3% 1854 254 '254 - 1 10% 5 1 154 1154 Canadian price, 654 754 Youngstown Steel 16 1654 Youngstown Sheet & 3554 36 554% pref—100 Young (Thomas) Nurseries com 1 Zenith Radio * 94 95 12 14 1354 Products—1 2 1454 254 Tube common.. 108 11% Steel Car common Door common.. 80 1754 1054 & Wire Youngstown Zonite 9% 111 2 254 Corp__l 4054' Called for redemption, see page 29% 7% Shipyards B—1 Un Shoe Mach 25 Preferred 25 United Specialties. 1 Technicolor 2% Profit 10% 3% 10 X 4% Preferred A 35 32 * 100 Sugar common-.5 Vicana Sugar v t C-3 Vick Chemical 5 554 ..10 Suchard Chocolate com 50c Preferred $50 Victor Chemical—5 Sharing.......25c 10 United Screw & Bolt Class A * Class B * Steel common 654 6 Wico Electric Co 1454 2554 24% Petrol-1 Venezuela Synd.__2 V ertl entes-Camag'y 454 105 Wilcox 114% Airplane—IX 55 254 (Wm)— 100 Whittaker Paper com 7 % preferred. _ 100 Wichita River Oil .10 Wick wire Spencer Will & Baumer 14% Venezuelan 20 75 52 9% 9X Vega 1954 11% 64% 654 45 6 VardamanShoecoml Veeder Root Inc...* 1154 6 Preferred 154 2054 Van Norman 50 12% 23 10 X 2% 9% 11354 X * United Molasses Ltd Amer dep rcts..£l 49 2X 8X 90 112% 49 X 18% 10% 57% 14 11 —* ... Wilcox Gay Vulcan Talon Inc common.5 16 54 30 X .13% 23 Whitman 83 " 7% 1st pref...100 454 22% Wilbur 1 Vanor Car Heating * Preferred 100 15 70 7% first pref .100 6 Van Raalte Co 454 41 Whitlock Mfg Co 25 .... 18 Machine Tool.21 28 $4 conv pref 4054 13% 66 35 2X 39X 1X 40 1 73 18 13 X 2 6454 — 133 70 14 X 12 2% 39 * Tampax Inc 1 Tappan Stove 5 Taylor-Colquitt Co 5 Taylorcraft Aviat'n 1 Conv preferred A * Taylor & Fenn__100 Taylor-Wharton Iron & Steel com. * 16 94 654 3554 2854 132% 30 * 37 Preferred X 1% X 11 United Milk Prod..* Class IX 32 109 6% Preferred..100 $5 conv prior pf.* 1 White Sew Mach..l 65 $4 preferred 2854 108 * White Motor Common 1754 354 154 154 154 X 2 3154 White Rk Min Spgs- 29% 5 Un Eng & Fdy United Fruit $3 part pref * 14 30 1554 * * Electric Coal Cos com...5 Un 8% 1st pref—100 Upson Co com. 12 X Utah-Idaho Sugar. 5 33 3% Utah Radio Prod-.l Vacuum Concrete. 1 11% Vad«»co Sales Corp.* 65 7% cum nref--100 16% Valley Mould & Iron Common * 13% Preferred * 13% Valley Osage Oil---* Valspar com 1 53" $4 conv pref 5 59 Valvoline Oil comlOO 27% 8% preferred..100 17 1154 254 5% 34% 141 139X 16% 16 * — 5554 14 3% — 9554 138 eyenberg Shoe—I Weyerhaeuser Tlmb* Wheel Steel Corp * 154 * 5 nreferred-.lOo United * preferred- .100 9554 * Prior pref 20 White (S3) Dental 20 Corp 7 United Drug 5 United Dyewood.10 United Swift Internat Ltd— dep ctfs of bear shs Universal Pictures.1 - A United Merchants 6 Mfrs v t c 16 Steel Swift Business Machine — United Elastic 2X Mills class A..., 6% Universal Prod Westland Oil 154 2054 135 Weston E Instrul254 Westvaco Chlorine.* 1654 Van Camp Milk 19 27 15X 53 X Vanadium $5 preferred United Drill & Tool Class 7X 954 11 10 41 X 18 iH Steel Corp Univ Leaf Tob 1|54 554 Universal-Cyclops 154 20 Coal com 20 2054 .1 com 454% pref. 1 Oil 10% 2% 154 4% X 5% * Class B * Universal Corp vtc.l Universal Consol 10 54 Cooler— partic A Greenland Westinghouse Air Brake common..* Westinghouse Elec 6 Mfg com .50 7% 1st part pf_50 Westmoreland 454 37% 9% 3% 2% 2% 6% nreferred.. 100 United Cigar-Whalen Stores com 10c 7% * com Carbon United Chemical-.* $3 part pref * United Cigar Stores- IX 39 X 17 X 39 X 10 4% Oil 1854 * Westmoreland Inc.l 10 Conv Tablet & Stationery 50 10 Unitcd-Carr Fast..* 11 25 Universal X 54 Union common..* Western " IX 7% 154 77^1 6% prior pref. 100 454 2554 49% 14% 7% 37 X 9 Rope Un Aircraft Prod..l United 7% 16 X 7X 13 X 5154 $6.50 series warrs. $7.00 series warrs. $7.50 series warrs United Air Lines Transport. 5 Un Artist Theatre.* United Biscuit * 5% preferred.. 100 14 IX ■ a United Aircraft....6 90 6% cum pref.. 100 Sunray Drug ...1 8unray Oil 1 554% conv pf..50 Superheater Co Superior Oil Corp. Superior Oil (Cal) 25 Superior Portland Cement A pref..* 11X 64% 14X 13% Conv preferred-15 N ew preferred -.15 Struthers Wells Sweets Bag & Paper Corp common * Union Carb & Carb * Union Mfg 25 Union Oil of Calif.25 Union Premier Food Stores com 1 7X X 10 x 4H 6 * Mfg.. 10 Unexcelled Union 76 7H United Wall Paper_2 454 Auto Supply— Common Western Newspaper 31 %> 4% 1 United Stove .4 1.00 8% 6% 17% 7 X 3X 31X 3% com_.l Coach T«rin 102 * Common 7% 7 $1.50 preferred..* 3 42 9 8 Stonega Coke & Coal Strawb'ge & Clothier 6% preferred.. 100 7% preferred.. 100 Stromberg Carlson. * 654 % preferredlOO Stroock (S) & Co..* Strouss Hirshberg.* Class B % 4% 7X 9X IX * Common.. 7X 7 8% 2% 33% 20th Cent Fox Film 13 ~4X Stone & Webster-.* - Gas of ..1 Tung-Sol 21X iiH pref—..25 Tituuville com 7X 2% 31% 3% 3 17 2454 —10 Western Cartridge Co 10154 Preferred 100 454 West Grocer Co. .20 46 Western Groc Ltd.* r Preferred 100 r 11154 West Westgate 48 X 354 10 107 105 Western Air Expr__l % 5% 354 5 * 50c. 954 254 1654 Pulp Pap.* Preferred. 100 6% 126 X 3% 3% 83 30 X 47 X 13% 6% IX 7% preferred..* $6 conv pref Lamp—1 80c div conv pref * 65 k 3 Stinnes (Hugo)Oorp5 Stlx Baer & Fuller. 10 Conv Conv Stores.* Truscon Steel .10 1954 754 * Stokely Bros & Delaware 64 25 5 Stewart-W arner U 8 Tobacco United Stores A % Truax-Traer Coal..* 60 1% United Stockyards— Common 1 •X Trojan Oil 154 1354 * 14% 90c 5054 3554 % IX 15X Stern Bros common 1 36 14% Daylight Screen-.1 Williams Steel Forging...* Trans western Oil. 10 Trico Products * Triumph Erplos—2 70 Preferred.. 25 Steel Products Eng 1 ' m* 22 * * 7 % non-cum pf.25 U 8 Truck Lines. .1 Un Steel & Wire...* 3 Trunz Pork X 64 54 1 32 1st warrants 20 * Preferred 33X 30% 4% 5 62 X 125 100 _ Conv 1st pref 88 32 2nd warrants 25 7 % preferred. U S Stores com..50c 28% Picture Wholesale Stanley Works % % 4 Transue & Phosphate & Acid Starrett (L S) Go..* Starrett Corp— Common v t c—1 7654 6254 Lux Trans 854 76 * Securities..* Transcontinental West Air Line 7% 60 7 % preferred...50 U 8 Steel Corp * U 8 Sugar Corp U)0 24 6% 59 13 Vs Preferred 108 42 40 Stand Tube cl B...1 1954 3354 3% 22 * Steel * Coke.* W Va Coal A 2% preferred.. 354 West Va IX 20 X 87% 47 X X 3% 85 Torrington Co 18 31 U SSm Ref & Min50 Shipbuild. Towne Stand Oil (Ky) 10 Stand Oil of N J..25 * (Cal) Foundry 30% 1254 Toledo Stand Oil (Ind)—25 Stand Oil (Kan).. 10 2 20% 87% 1st pf.100 U 8 Rubb Reel * n-cu Preferred A West Michigan 16 IX Realty & Imp. * 10 Prior 19' 73 17 U 8 Rubber 8% 1854 7254 26 6% Dreferred-.-50 * U S Radium A 5 & Pump 27 IX 109 29 % 46 Todd Shipyards—* Tokhelm Oil Tank 1454 13 $1.60 conv pref .20 Stand Fruit & S S. 10 Preferred 7X 23 105 Roll Bear.* Aircraft ..1 Tishman Realty—* Tob Prod Expts—* 1 14 9X 97 X Timm 65c 45c Standard Dredging Common 1 50 9X 97% 7% 25% 13 X ... 6% pref A U S Radiator U S * drift com 2 IX 15% * Common 1% IX * Oil & Snow¬ $4 conv pref _* West Indies Sugar 1 29% 28 U S Print & Litho— 115 113 ' Timken Stand Commercial Tobacco com 1 Stand Oil 5X Wesson 1 X IT S Potash 18% 27% 5% 30 X 30 X Thompson-Starrett * $3 X preferred * Tide W Assn Oil. .10 4X% conv pref.* Tilo Roofing com.-1 $1.40 conv pref.20 Time Inc com * Timken-Det Axle .10 Par U S Postal Meter.. 1 4% 32 31X 16% 26 X 5 Thew Shovel Aircraft ' pref 102 99 __ conv 454 1 10 Thermoid Co $3 1554 10854 Products (units) Standard Brands. _* $4.50 cum pref—* Standard Brewing..* Stand Gap & Seai.„l Conv 154 19 share Per Par share 1 100 Preferred share Per Par *har* Per Ask Bid Stock* Ask Bid Stocks Ask Bid Stocks Ask preceding the date of issue possible for the closing day of the month Quotation! for all securities are as near as 91 MISCELLANEOUS STOCKS INDUSTRIAL & FEB., 1941] t New stock, x Ex-dividend. 1 c United States and Municipal Bonds The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. in furnishing the prices b&ow. it will be found that for the single maturity bond a bid and aslced quotation is published—either actual Therefor®, figures or on a Eercentage bond in In furnishing prices for the to 1951bonds, however, we to 3.00%—this would indicatebasis certain basis. list matures from 1941 serial and is quoted 0.50 endeavor to obtain the yield that ' a our latter maturity is yielding 3.00%. Therefore, in the following list, it must other figures are bid and asked prices. e remembered Quotations for all securities are as near the as word to indicates that Ask Bonds 113.1 b 2.20 July 1 1956 iMs 1942, 1946. 1949...M&S b 0.75 114.18 is June 15 1943-1947 J&D 107.14 107.18 Aug 1 1941 F&A 102.16 102.19 (a Oct 15 1943-1945.A&O 107.21 107.25 Apr 15 1944-1946. A&O 108.21 108.25 June 15 1946-1949 J&D 111.23 111.28 3 Mb Dec 15 1949-1952 J&D 112.22 112.29 3s June 15 1946-1948..J&D 111.1 111.6 3s Sept 15 1951-1955. .M&S 111.7 111.12 2Mb Mar 15 1955-1960 M&S 108.23 108.23 2 Ms Sept 15 1945-1947 M&S 108.28 109 2 Ms Mar 15 1948-1951 M&S 109.4 109.9 2 Ms June 15 1951-1954 J&D 108.7 108.12 2 Ms Sept 15 1956-1959 M&S 107.26 107.30 2 Ha June 151958-1963 J&D 107.26 107.30 2Mb Dec 15 1960-1965 J&D 108.3 108.7 2Mb Dec 15 1945 J&D 108.6 108.10 2Kb Sept 15 1948 M&S 108.22 108.27 2Mb Dec 15 1949-1953 J&D 106.9 106.15 s 2 Ms 1941-1952 3s 1944-1959 3s Panama Canal 1961 ..Q-M 3s Conversions 1946 105.30 1947 U S Treasury Notes— IX % Mar 15 1941 1 H% June 15 1941 1 H% Dec 15 1941 IX % Mar 15 1942 2% Sept 15 1942 4 Ms Ot House 1941-43 M&N 6 1.25 4 Ms Ref 1941-1961 ...A&O 6 1.00 City—, 3MsGen ref'44-Decl'70 J&J 6 2.00 4s Tunnel Rev 1969._M&N 103 Mobile County— 4 Ms June 1 1941-1948 6 1.00 5s School May 1 1945 6 2.80 4Ms 1941-1958 .J&D 6 1.00 Gen fund 4Ms 1941-66 J&D 6 1.50 101.14 101.19 103.21 102.10 102.12 102 102.2 102.16 102.18 100.1 3b Jan 1 '56 opt '46 J&J 3b May 1'56 opt '46—M&N 107.11 4s July 1 '64 opt '44-..J&J H% Aug 1 1941.... 1% Nov 15 1941 M % May 1 1943 Federal Natl Mtge Assn— 2% notes May 16 *43 opt *41 1M% Jan 3 1944 opt 41---. Reconstruction Finance Corp H% notes July 20 1941 H% Nov 1 1941 M% Jan 15 1942 — ... U S Housing 100.5 3s Dec 1 1948... 4Ms May 15 1942 4Mb Oct 15 *56-'46 4Mb Nov 15 1956 4Ms Nov 15 1958 Honolulu (Oity & 4s reg Jan 1 1960 J&J 0.50 to 2.25 less 0.50 to 109 Mb 111M 110 M to 3.75 to 2.25 less 100.10 100.23 100.25 1.80 M&S 109 110 H J&D 115 J&D 128 116M 1.4) 131M 2.40 100 107 101 109 107 110 0.60 1.50 2.35 2.40 1.50 110 F&A 107 109 3.75 3.68 112 3.65 F&A 102 102M 0.35 J&J 101M 105 M 117 M 113M 103 M 1.80 106M 1.60 1 1947 J&J 7-1-56-59 1-1-56..J&J Brid re page 111. to to to 0.40 0.25 0.25 to 0.75 0.15 1.50 to to to to 2.35 t. 1.60 1.90 County) to 2.40 to 2.25 2.50 2.30 1.60 to 2.50 101 4s 100M 2s 101 to Hetch Hetchy— 101 to 2.90 j&j b 2.40 Spring Val 4Mb '67-'69.j&j San Joaquin on 5s '41 '49.j&j b 0.20 Turlock Irrig Dist 6s to 2.90 % ?60 less 1m less 1 m less Wat Distrib '41-'63.j&7j b 0.50 j&j b 0.50 1941-1949.- 4 Ms 1967-1977 canada—See page to °40 to 1.40 ?50 94. COLORADO 2mb State h'way '41-'54.J&d 3s warrants 1911-1951--. j&d 2ms warrants 1952-'54__ j&d 2s Highway ref, 1941-m7.J&d 1 Authority b 0.40 to 2.10 b 0.49 to 2.00 b 2.00 to 2.10 b 0.40 dorado SpringsColorado Springs— Ref lms 1941-1943 M&s b 0.30 Denver and County) ~ (hity to 1.25 to 0.80 4Mb Water 1944 j&j b 1.00 4Mb Ref Wat 1941-67.j&d b 0.30 4Ms Univ Bldg Jan5'42-65J&J 4 Ms Highwayx1941-48.J&J30 4 Ms 1942-1947 F&A 4 Ms Olympiad 1941-71 ..J&J2 4Ms 1942-1952F&A 48 Harb Imp 1985 opt '50. J&J 5s Jan 2 1942-1943.....J&J2 4s Jan 2 1944-1948 J&T2 3 Ms Jan 1 1942-1949 J&J 0.30 to 0.70 0.30 to 1.30 Veterans Welfare— 3s Feb 1941-1952 F&A 2 Ms Feb 1 1942-1954-F&A 0.20 to 1.60 5 0.20 to 1.55 0.20 to 1.20 5 ma 1947-1956 5 ms 1964-1973--. 0.20 to 1.60 5s 1974 1983 0.40 0.80 to 1.40 1 1942-1954-F&A Alameda 4Ms 1942-48-_A&O Bakersfield os 19 41-1952. A&O Berkeley 5s 1942-1951 J&J 5s School 1941-1955 J&J East Bav Mun Util Dist— ,5s 1942-1974 J&J East Contra Costa Irrig Dist 6s Golden Gate Bridge & H'way- 121 see f&a 0.30 0.20 0.30 0.60 to 3s 1941-1954... 6 0.20 to 2.00 San Fran Oak 4s 1976-MfcN 110M 110M 4s 1941-1964 MtN 6 0.20 to 2.90 - t Called for redemption, 1952-1972*. to j&j b 0.50 b 3.60 119M 2.70 3M8 series O 1942-1971 .J&J b 115 2.00, Imperial Irrigation District— 123M 2.60 Refunding 5s 1983. J&J 5s July 1 '44-*43 J&J 106 M 108 M 1 50, Refunding 6* 1983 5s July 1 1972 J&J 134 138M 3.00 Los Angeles (City)— 4s 1941-1962...... b ALABAMA 2Ms WatWks 1956-76 M&N b 3Msrenewal class O 1956.J&J 6 2.20 3 Ma Water wks 1952-1975 -i& 2.05 % 4Msharbor Impt June 1 '41-*73 b 0.50 to 2.25 4Ms Water 1941-1970-A&O b 4Mb highways 1952 M&S b 2.00 1.80 4 Ms 1911-1968 J&J b M&S b 2.25 4Mb 1956 and 1959. 2.15 4Ms 1941-1969 M&S b 4 Ms July 4 Ms to . 4mb Water '57 '58 '59.j&j b 2.15 4mb Water 1941-1977..j&j b 0.50 103 , J&J to 0.40 1941-1953 100 2 Ms Feb 3.52 0.25 1 ms Carquinez Toll Bridge—■ 102 M 0.50 101M 2.10 -j&d 1941-1951 San Francisco (City & 5s Water 1942-1969 CALIFORNIA Calif Toll 102 X 1.00 j&j15 0.60 % 1.75 % 1.90 % 1.90 % 0.90 % 2.10 % 1.10 2.00 2.40 3 mb g July 1 1941-1944 j&j 3s 1942-19 *>1 f&a 100.3 ield j 1.90 % 2.00,7g to 19t2_. 101 St Francis Levee Dist 4s 1944. b 2.00 4s 1958-1960 b 2.80 101.5 to 1.75 0.40 0.25 j2&i2 .j&j 101 4 Ms Fund 1941-1950.M&N b 1.00 Is Water Rev 1941-76.F&A b 1.50 Little Rock S D 4s *41-'55 M&S 131 J&J 1 Little Rock— 100.23 to 0.75 to 100 m 100 m ...Jan. 1 Attorney Gen opt 1944 3s Rose. Hemingwav oot 1944 Hot Springs 4Mb '41-'50-M&S 3s 100.15 100.20 100.22 to 1.00 101m 100m 3sl949- I 2?50 0.60 to 2.15 to 0.75 j2&t2 Sacra m'to Co 4 ms '41-'40 j&D San Diego 5s w w '43-'54a&0 5s School 1941-1966...F&a 3.80 101M 101M 10) 2.70 1.90 101M 101M 101M 100m 100m 100m 4M-4s 4M-4s 4M~4S 100.13 j2&t2 b 0.60 4 Ms Water 1941-1964 100 m to 2.75 5s '41-'54-.M&n Sacramento 4s Jan 1942-1945 3s 19u-1968 j&j 1 3.00 to 2.75 to to Pasadena 4s Badlands 5s Riversid 5s Riverside Co 1 3.00 to 2.75 101 100.8 104M 116M 128M 133 X M&N less less to 2.75 Oakland 5ms 1941-1943-f&a b 0.20 4 ms 1941-1965f&a b 0.20 Oakland 8 d 4s 1941-44.-j&j b 0.20 Orange Co 5« 1941-1945.m&s b 0.25 Flood Control District— 5s 1942-1943 j2&t2 b 0.50 2s 1944-1951 ARKANSAS 101.16 101.22 102 102.3 % 1.90 to 2.75 2 Ms 1952-1953 2s 1954-1958 2.50 J&J 5s 1968-1977 115 to 1 2.00 5s 1954-1960 5s 1961-1967 125 to 2.50 0.50 2.60 100.7 109 A&O to 2.60 1 J&J 4MS 1946-1960 Tucson 5s Water 1950 104 M&N 1 2.90 % 2.50 % to 2.25 & Power District— 4 Ms Corp 1945-59..J&J 108 M 99 to 2.60 0.50 0.50 Ref 4s 1976-1988-.-a&o b 2.70 Modesto Irrig Dist 6s Impt 108 % M&N '46-'26.MJSD 4Ms July 1 & 15 1952...J&J 4 Ms Oct 1 1959 A&O 4Ms July 1957 J&J 5s Feb 1 1952 5 Ms Aug 1 1941 less 1946 J&J 5s W W 1942-1950 -.-J&J Phoenix Un H S D 4 Ms 1948 Prescott 5s 1948 J&J Salt River Project Agric 108 X 1 Puerto Rico (Govt of)— 2 Ms Jan 1 1946 4s reg Jan 1 1944 2.50 6s Jan 1 106M Philippine Government— 4si reg Dec to 5s 1943-1948 5s 1949-1953 County)— 3 Ms Sept 15 1946 5s .Dec 15 '55-'45. 5s rJune 15 1955 less Bonds 101M 101M 0.50 Los AngCo 4m8 '4l-'49..F&a Metropolitan Water District 53 1.59 4Ms 1942-1956 102.15 102.17 J&D 49 H'se4Ms '40-48 J&D 4 Ms '50 opt '30-J&J 5Ms 1955-1965 | TERRITORIAL AND INSULAR Hawaii (Territory)— lMs Sept 1 1944.....M&S 2.10s July 20 1942 J&J 2Mb July 10 1954 J&J to 2.75 1941-1964f&a 1941-1961 j&d 3 Ms Jan 1 1942-1960— 3.20 to 3.20 0.50 0.25 Phoenix 100.25 100.27 to 5s 0.50 6 2.00 107 M 108 M 100.1 1949-1950—j&d b 1.80 % % 1.80 2.00 % 0.50 to 107 X 100.21 to 1.00 to 1.40 4s to 2.80 % 0.50 j&d b 0.40 Los Angeles City High Sch Dis 5 ms Nov 1941-1960--m&n 2.50 2.59 6 2.00 Loan 110M 1.80 % 2.10 to 2.25 Dec 1 1948 l..s 6 2.00 School No. 1 5s 1945...J&J Highway 6s Jan 15 serially. 102.17 102.19 to to 1946-1947--j&d b 1.20 1942-1945. s 2.75 to 3.20 to 3.20 Co Ct Autbority— Ms Nov 1 1941 1M % notes Feb 1 1944 Is lMs to 3.40 ARIZONA Maricopa County— 107.12 101.3 Is July 1 1942 2.50 to 3.00 Colorado River Waterworks Ref 4 ms 1948-1977.f&a b 1.80 Ref 3 Ms 1978-1987.f&a b 2.70 Ref 4s 1946-1986 f&a b 1.50 Ref 4s 1971-1988 a&o b 2.70 Ref 3s 1953-1988-—a&o b 2.00 103.2 SMsMay l'55opt'45—M&N 108*> 4s July 1 '46 opt '44 J&J 110 Commodity Credit Corp— 2.80 to 3s to 3.40 99.24 103 106 '2s . j 101.25 .M&S 107.20 107.22 J&.T 102.30 103 3s 1944-1949.. __M&N 107.16 107.18 2Ms 1942-1947 .M&S 102.30 103 Federal Home Loan Banks— Ms April 15 1941 100.1 100.3 Ms April 15 1942 100.10 100.13 Is Apr 1 1943 102.30 103.2 me Owners' Loan Corp— . 105 4Ms 3 Ms 1944-1964 3s 1942-1947 3s ser A 1944-1952.. _M&N 2Mb ser G 1942-1944...J&J 1 Ms ser M 1945-1947..J&D Ms May 15 1941 Federal Land Bank — Farm 3s July 1 '55 opt '45—-J&J 105 % to 2.60 % of Southern California— Tuscumbia refunding 1 %to4 % 100 99.22 to 2.50 1941-1948 j&d b 0.50 lMs 1949-1952--j&d b 1.80 1953-1959 j&d b 2.10 Revenue (3d issue of 1940) lMsDecl 1941 : to 3.40 4 Ms 4s 102.4 100.23 to 1.80 b 1.90 b 2.40 to 3.20 100.27 100.29 National defense series Ms Dec 15 1945 Ms Dec 15 1945 Federal Farm Mtge Corp— —- to 99 101.25 101.27 102.2 to 107 1.80 to 2.50 % 100 1 101 100 101 6s ref pub impt '41-'53 M&N 6 1.00 Tuscaloosa Co 6s Bridge 1941 6 1.00 5s Road 1957... M&S 6 2.80 Tuscaloosa (City)—5 Ms serial 6 2.00 103.29 103.19 t b 2Ms 1942-1952 J&J,6 1.00 Tuscaloosa 5s 1941-1957.-J&J 6 1.00 102.18 102.20 103.27 to 3.00 to 3.00 Second issue of 1940 1951 J&J 6 2.80 Morgan Co 5s road 1952.F&A 6 2.80 Selma (Oitv) 5s-6s 1941-1955. 6 1.00 b 0.50 b 0.50 b 0.50 Refunding Revenue— 103 2.75 Road to 2.00 to 2.60 6 0.50 1.00 i 104 6s 1.00 2.00 2MsH941-1948—a&o 2 Ms]1949-1960 a&o 2ms 1961-1976—-a&o to 3.10 funding 1942-1960..J&J 101 Ms Sanitary Sewer Jan 1'44 101 Montgomery Co 4 Ms 1957-59 6 2.80 101.17 X % June 15 1944. 1% £ ept 15 1944 S M% March 15 1945 to 2.50 3s b ref due 1976. a&o 5s 101.28 101,30 I M % Dec 15 1943 1 % Mar 15 1944 to 2.40 4 101.12 IX% Dec 15 1942 to 2.70 to 2.75 Montgomery— 125 ! 1% Sept 15 1943.. 0.50 0.50 2 mb 1947-1959 j&D Electric Plant Revenue— Ref 4s 1941 to 1975. j&d 3 Ms 1941-1977 j&d 3m 1941-1954 j&d 3 mb ser a 1942-1977-j&j 3 ms 1948-1958 j&d 2s 1941-1942 a&o 3s 1943-1949 ___a&0 Series a refunding— to , 105.3 102.8 Net 0.50 Water Wks Refunding Rev 3 ms 1943-1947 j&D_- 2.30 104- Mobile Q-J 111 M 1M% June 151943 to 2.25 "0.75 to99M 1.25 Ask Municipal 1941-61 __f&a Jefferson County— Q-J 110 M 3s Conversions b b 0.75 Bid 5 Ms Harb Imp *41-'61 m&n 3 ms Sch Dist 194 2-61.-j&j os 2.20 b 1.00 to 2.40 b 1.00 to 2.60 4 Ms 1941-1960 A&O b 1.00 to 2.60 Florence refunding 1% to 4%. 58 61 Gadsden 6% impt long mat 6 3.75 3.60 106.3 104.30 A&O b A&O 3 Mb impt ref 1941-50..J&J 3 Ms Imp ref 1942-1958 A&O 4s 1941-1961 A&O 2Ks Sept. 15 1950-52.M&S 106.13 106.18 2 Ms Dec 15 1951-1953. J&D 103.31 104.4 2Mb June 15 1954-56.J&D 103.25 103.36 2s Dec 15 1947 J&D 102.3 2.10 to 1.80 to 2.15 to To or Birmingham— is 2s Dec 15 1948-1950 J&D 2s June 15 1953-1955..J&D basis for various maturities: all Bonds Bridge Auth. 4s July 1 1957._ 106 M 107 m Anniston 5s 1941-1947--.J&J b 2.00 to 3.10 Bessemer New ref 4% b 3.60 3.40 Is _, Ask 4s pub highway 1949-51.M&S b 2.00 4s refunding 1941-1954..-J&J b 2.00 3 Ms refunding 1955-1965.J&J b 2.20 State Bridge Corp 4s 1941-1951 103 113.5 114.12 Bid ts reaewal *101.17 101.20 For instance, 0.50% and the Yield Basis To Net or Net UNITED STATES—See also pa ge 19. Treasury Bonds— 4Mb Oct 15 1947-1952.A&O 120.24 120.30 4s Dec 15 1944-1954...J&D 3 Mb Mar 15 1946-1956 M&S 3 Ms Mar 15 1941-1943 M&S earliest maturity yields the yield are Yield Basis To or Bid figures shown possible for the closing hay of the month preceding the date of Issue Yield Basis Bonds the for the varying maturities. the t Called at 106. 0.30 0.20 0.30 to 2.15 to 1.30 4Mb Water 1962-1965-j&d b 2.40 s d No 1 4ms 1942-53.j&j 0.30 to 1.20 0.20 to 2.20 0.30 to 4s 1.65 60 0.20 "0.60 to 2.25 0.40 to 2.35 100 83 0.50 2.60 to 2.60 to 2.70 to 2.70 to 2.70 0.50 to 2.10 2.10 0.50 to 2.20 1.60 to 2.20 % Mb 1914-1963 to 2.70 * Tax-free in Connecticut. 1.30 2.40 2.20 2.45 1.10 2.25 to 2.10 j&j b 1.50 to 3.15 ;-.j&j b 1.80 j&j b 3.15 .j&j b 3.65 to 3.40 CONNECTICUT 1Mb April 15 1944-1949 1mb April 15 1950-1981 1Mb April 15 1962-1971 Funding and building bonds— 1Mb 1944-1958 j&d Hartford Bridge— 2s 1944-1961. 73 0.50 to 2.00 Moffat Tunnel Imp Dist— to 1.60 0.30 97 0.30 1963-1972 opt 1955.a&o' 2mb Sewer Disp '47-'56a&0 to 1.55 to 2.10 j&j 3.65% March i, 1950-1954. 2Mb Sew dist 1947-56.a&o 3s 1963-1972 opt 1955-a&0 3 Mb Mun Water Retire to 1.30 0.20 July 1941-1945 2.60 to 2.65 f&a b 0.50 to to 1.35 61.40 t o 6 0.50 to 1.30 0.50 1.35 0.20 Bristol 5Ks 1941-1957. j&d 0.40 2s Cornwall 2s 1941-1956 ..a&o 6 0.25 __ / Flat price. n 1.90 3.45 b 1.00 1Mb 1981-1971 f&a Branford (t) 2s 1941-57.j&d Bridgeport— 5s Refunding 19 41-48..j&j b 0.25 1mb 1941-1948 j15&d15 b 0.20 1 Ms 1942-1950 ...F&a b 0.30 b Basis. to Nominal. to to 1.00 99 m to 2.00 to to % 1.35| % 1.50,% % 1.75 % 1.25 % to 1.30 to 2.15 to 2.00 % % % \ Quotations for all securities are as near as Danbury— 3 Ms Fund 1941 tax'le.A&O Darien lMs 1941-1958..A&0 & 0.15 East Hartford (Town)— J 4Mb School 1941-59 M&N b 0.25 2s 1942-1965 F&A b 0.25 1Mb 1941-1945 F&A b 0.20 Fairfield (County)— I 1 Ms 1941 to 1950 J&D b 0.20 Greenwich3s 1941-1944—F&A b 0.20 1Mb 1941-1947 F&A b 0.20 Hartford— I 1Mb Sept 1 1941-1959.M&S b 0.15 3 Ms Bridge 1954-1955-J&D 4s Water 1941-1949... J&D b 0.25 Hartford (School District)— I *4Ms Northeast 1959.J&D Hartford County— Metropolitan District— I 2Ms 1941-1978 J&J b 0 1M 1941-1970 J&J b 0 lMs 1971-1980 -J&J Manchester*4Msl941-44M&N b 0 Meriden lMs 1941-1943--J&D 6 0 Ms 1941-1944 M&N b 0 Middlesex County— ..I 1M« to 1.75 % to 1.00 1.00 to 1.05 % to 6s 1947 Certificates of deposit. __ / s f 78 ser B 1945.-J&J / 8 9 Extl 8% 9 / Certificates of deposit.. Extl s f 7s ser C 1945 J&J / 8 9 8% 9% Certificates of deposit.__ / Extl s f 7s ser D 1945- J&J / 8 9 8% 9 Cordoba Certificates of deposit — / s f 7s 1957 1st ser. A&O / 8 9 Extl s f 7s 1957 F&A / 64 7s stamped 1957 / Externals f 7s 1937.--M&N / 37 7s stamped 1937 / 32 Cordoba (Prov) Argentina— to 1.00 Certificates of % 7a 1Q4fi 1.55 7s Certificates of Certificates of Extl to 0.75,% % 0.65.% to 1.20 to 1.40 Extl to 1.40 to 0 20 to 0. 15 to 0, 20 8m ser.A&O 9 7% 7% / 7% / 7% / 7% / 7% J / 50 15 78 65% 60 Australia 0 "25" 0 .25 0 15 to 2.10 Baden extl Extl 5s July 15 5s 1957- Extl 65 ... b 0 20 1.50 to Berlin 6Ms 1950 6s June 15 1958 b 0 25 to &0 ,25 to 1.90 1.90 55 55 25% 24 17m 17m 18 m 34% 1.30 to to 1.80 to 2.00 1.00 to 1.75 1.50 0.50 to to 2.5 0.50 to 2.5 5% 18M A&O J&D 78 Cent Ry elec 1952._ J&D 17 M Extls f 6 Ms (1926) 57 A&O / 15% 15 % Extls f 6Ms (1927) '57.A&O 36 Funding 5s 1931-1951-A&0 — — - — — — — - — - — . — 40 — 5 6 18% 17m 15% — — — — to 2.00 % to 2.00,% to 1.00 % to 0.90 % 1935.-M&S • . -• • - - — 37 55 21 -M&S 48 56 Brevard County School Tax Districts No 1 & 4 Refund- 70 26 Columbia Co Road 6s Coral Gables— 91 87 1955.. 6 3.90 3.75,% 29 93 Ref 3Ms Victory 4s due 1976 Brit Hungarian Bk 7 Ms 1962. / 3.25 % 90 New refunding 2M-5s 19776 3.40 Dade Co 5s Oct 1947-54-A&0 Special Tax Sch Dist No. 2 Ref 4s Bud'pe8t(City)6sJ'n'35coup'62 1956-1967—-M&N 106 1941-1947..-M&S 6s stamped 1961 78 stamped 1952 108 104 106 7 Ms stamped 1947 6 Ms stamped 1961 2.50 2.85 to Scrip Readjust 4M-4Ms '77.M&S Ref s f 4H-4Ms '76-.-F&A Extl re-adj4M-4Ms *76A&O 123 Gainesville— to 3.50 6 1.00 5Ms July 1941-1975 104 Hillsborough Co 5s Oct 1 1943 6 3.40 Hillsborough 8ch Dlst No 4— Extl 3.25 1912-45—J&J 15 5Ms Jan 15 1942 45.J&J 16 Refunding 2.60s Jan 1 1957 6 1.00 to 6 1.00 to to 1.75 1.75 6 / 55 85 ; / / / 50 4M-4Ms'75M&N 51 55 f 4s $ bonds 1984.J&J 35 38 44 3.40 3.30 7 Ms 1946. 110 2.25 to 3.40 3.25!% Palm Beach 6 2.85 &J J&J Pinellas Co ref highway 4s St Augustine ref 4s 1987 — New refunding 3-5s St Johns Co Road 5s 1946— Road 5Ms 1944 -M&S 6 2.60 % 0.75 % 1.00 .. to 3.35,70 3.00 106 103 98 100 92 — 95 110 110 108 108 St Petersburg- 95 93 Refunding 3-5s Oct 1 1972 Wat Wks Rev Ctfs— 6 _ Connecticut. Chilean Cons 1951 ' 8M 9M 9 9% 8M 8 28 25 to2.00 % to 2.00 % to 2.70 % 3.50 % b Basis. 25 25 *::: Municipal Loanser A..M&S/ Extl sf7al960 7s assented 1960 M&S / Chili (Rep) ext 7s 1942.M&N/ / 7% assented 1942 Extl s f 6s A&O / / 1960 6s assented 1960 Extls f 6s Feb 1961 ...F&A/ 6s assented Feb 1961 / Extl s f 6s Sept. 1961.-M&S / 6s assented Sept. 1961.— / Extl Ry ref 6s Jan 1961. J&J / 68 assented Jan 1961 / 6s assented Extl s f 6s 1962 1963. M&S/ / M&N / 6% assented 1963,— /Flat price. k Last sale. 5 8 -A&O / Extls f 6s 1962.. 0.40 2 Ms Dec 1 1941-1950 6 1.90 2s Dec 1 1951-1952 2Mb Dec 1 1953-1965— 6 2.15 6 3.65 Suwanee Co Road f>M« 1040. free in B v b 3.40 6 3.20 6s8eries 19 4 6s Oct coupon on 1960 6s A Int ctfs 1938-.A&O 15 / Cent. Bk. of Ger. 6s A *52 F&A / 3.25 ser 1969 ser 1969 _ '/ n 21 22 22 10 10 11 11M 10M 11M 11M 11M 11% 11% 11M 11% 11 % 11 % 11M 11M 56 M 56% A&O / •*— 21 21 7% 8M 24 M 47 90 25M 23 22H f f / M&N f 22 H 22 M 22 M 22 ^ 25 69 70 7s plain 1949 83 % 72 m J&D 7 Ms plain 1941 ^ 21 A&O / 23 M A&O / 22 M 7 Ms ext 1941 stamped 23 German Cons Munic 7s*47 F&A Cons munic 6s 1947--J&D Gorman Govt Internat— 5Ms loan of 1965. J&D 86 % 24 25 M 11H 11% "ll% 11M 11% 11% 22 24m 8% - 6% .... 11% German Extl 7s '49stampA&0 7s unstamped 1949-. 7m Scrip German Prov & Co mm 3m Bk« 26 (Con Agr Loan)6Ms*58 J&D 10 Graz(Mun)Austria $s*54M&N Gt Brit & Ireland—See British Greek Govt • f 7s 1964—M&N Sink fund 6s 1968 F&A 9m . 10 __M&N / 38 65 % Haiti (Rep) 6s extl 1952.A&0 6s 10M 2 1948 1953, A&O I $% II 43 67 50 Hamburg (State of) Germany Gold 6s 1946 A&O / 21 25 23 Hanover (City) Germany 7s'39 Hanover (Prov) Germany— 6s 1st series 1957 F&A / 21 6 Ms 2nd series 1949 F&A / 22 25 m Heidelberg (Germ) 7Ms*50J&J / 21 Hellenic Republic; (Greek) Sec Wat WWks 8s 1952 A&O / — Helsingfors (City) Finland— 47 Extl s f 6Ms I960. .-A&O Hes8en. See Munich Bank Hungarian Cons Munic Loan 5% i(g 7Ms 1945......J&J Extl s f 7s Sept 1946.-J&J 5% Hungarian Land Mtg Instlt'n 5% Mtg 7Ms 1961 ser A..M&N 8 f 7Ms 61 ser B(|bds)M&N 5% 37 Hungary (King) 7Ms '44.F&A Ext at 4M% to 1979..F&A 18M Irish Free State 5s I960.M&N 65m 44 m Italy (Kingd) extl 7s '51.J&D Prestlto Redlmibile 3 Ms 19 Specified 17 unspecified 27 ..... "ll% 25 22 5Ms unstamped 1965 Stamped (Canadian holder) Guatemala 8s .A&O J — 6s July coupon on 1960— Farm loan 6s 1960.-A&O15 6 1.50 — 3M Farm loan 6s 1960—J&J15 4s 1958 9 Farm loan 7s 1950.-M&S 15 6s 1941-1950--. (City of) 5s Pensacola 4M«ref 1941 9M 9% Certificates of deposit Ceara (Brazil) 8s 1947 J&D Cent Agricul Bank (Germany) Orlando— 1961 8M Certificates of deposit / Extl sec 7s 1948 J&D 6Ms 1941-1950 M&N Ref 4M8 non-opt 1947-66— 6 2.50 New Smyrna— 97 Kef 3-4 M-6s Jan 1 1964 100 8 10 % 3.35 6 1.25 1941-62.F&A 7H Callao (Peru) 7 Ms 1944-.J&J Carlsbad (City) s f 8s '54-J&J Cauca Val (Dept of) Colombia 3.25 to Miami Beach— Refunding 4s 7% 1968.M&N Ms 1946 J&J 16 102 Refunding 3 Ms and 3Ms--Housing Authority— 3s and 3Ms 1941-1954— 6 1.00 Orange County 6s 1944.-J&J 6 2.50 5s 1952-1953 J&J 6 3.40 5 Ms 1945 1950 M&S 6 2.75 J&J 10 Certificates of deposit Call (Colombians f 7s '47.M&N to ext 1st 5 Ms of '26 ext 2d a 58 56 M 56 M Funding 3s 1946 48 % 49 % ". 59 59 German Conversion Offer— 70 M 71 70 45 Caldas Extsf 7 ' Miami— Tax 85 48 Sec s f 78 1967 Stabil loan 7 Ms 59 , French Government— 7s ext of 1949 stamped.J&D "e 1.801% QQ 97 refunding 1.25 Water & Light 5 Ms 1941-50 LeonCounty 5s July 1 1941-65 6 1.25 Marion Co Road 6s Feb 1 '62. 6 3.60 Road bonds 5s July 1 1952— 6 3.50 * 5 2.00 % 6 2.25 J&J 6 1.70 2s 1954-1957— 5s 3 Bulgaria (Kingdom)— 15 new s 29 48 Ext re-ad 1 107 Jacksonville— Lakeland M&S M&S A&O M&N F&A 40 56 M 56 M 1943 maturity.. 1944 maturity 1945 maturity Extl s f 6Ms 1953 27 25 55 Buenos Aires (Prov)6s'61 Duval Co Road 5s 1956--A&O 6 2.85 Duval Co School District No. 1 5s 1941-1955--A&O 6 1.00 100 Escambia Co 6s Aug 15 1951- 5s Jan 24 War Loan 3 Ms of 1932 18 36 —- 20-year 40 41 7s 1939 7« 1940 7s due mt. 1942 maturity 60 58 S f 5s 1958 to3.60 % 2M 5Ms 5Ms of '26 61 F&A s f 6s 1950 J&D British 4» 1990 opt *60---M&N FLORIDA 26 M 26 Dresden (Ger) ext 7s *45 M&N Duesseldorf 7s to 1945--M&S Duisburg 7s to 1945 M&N t El Salvador (Rep)—8s A 1948 Certificates of deposit f Estonia (Rep of) 7s. 1967 J&J Finland (Repub) 6s '45.M&S Frankfurtr-on-Main (Germ)— Brisbane Brandenton ref 4s 1942-70 J&J 6 1.00 Cons Munlc!V.«l Loan 1955 ...M&N 5 Ms of '22 ext 1961 2d series 1961 ... (City) Australia— 30-yrs f 5s of 1957 M&S 10 54 M 2nd ser 5Ms 1940...A&O / 53 M Customs Administrations— 21 Funding scrip Bremen (State) 7s 6s 1940--- 15% 8% 39 — - 74' 37 _ — 51 l07" 34 - — 14 166" 8% 1955 F&A Trust rets 4 Ms 1962 A&O 15 Dominican Rep 5Ms '42.M&S 2d Series 1942 5 Ms Cust Adm 1940--A&O — — 79 18% 96 F&A Danzig Port & Wat Ways Bd Extl s f 6 Ms 1952 J&J Denmark ext 6s 1942 J&J - — 25% 23% 16M ^ — 4% 4% - ■ Wilmington— 4Mb Bldg Con *53-,62 M&S b 1 50 4Mb 1941-1958 (s-a).. A&O b 0.25 A&O b 0.80 5b 1947-1949 .A&C 6 0.25 4s 1942-1948 J* J&J M&S 1958 Extl s f 7s 1969 6s 1940 Brazil 8% ex 1941 Extl 7s New Castle County— 0.50 10 Certificates of deposit... Bolivia (Rep) Ext 8s '47 M&N 1.75 1.75 0.50 — "25" 101 % 1953 Ext'l - 40 to 1.25 0.25 — "56" -A&O 5Ms 5s — 24 H "25" s f 8s 1952 ser B-.A&O Danish 34% DELAWARE (Rep) 5s 1944-...M&S F&A Ext 28 31 % 29 H 14 Certificates of deposit _ 31% 12 Czechoslovak Republic— Ext s f 8s 1951 ser A..A&0 — 9% 24 M 14 M 12 M&N Cundinamarca Dep(Colombia) Extls f 6Ms 1959 M&N •— 15 12 17M 50 M ..J&D Extl g 5s 1949. 101 Vs F&A s f 5 Ms '53 J&J 15 101M 5 Ms Pub Wks June 30'45 J&D / 72% ... "25*" "10% " 72 J&J M&N Extl g 4 Ms '49 opt Extl 4Mb 1977 23 ---J&D Bogota (City) extl 8s '45. A&O Certificates of deposit... Extlsf 6 Ms 1947 A&O Bogota (Mtge Bk) 7s May '47 Certificates of deposit to 2.00 b 0 25 . Cuba 75" M&N 1951 f 7s Belg Govt extl 6 Ms 1949 M&S External s f 6s 1955—J&J Extl s f 7s 1955 J&D to 1.70 78% 66 M 60M "10% (Republic)— f 7s 1951 Funding 5s 1951 _ 59% Bavarian Palatinate 7s '45 J&J s f 7s 1942 s Rica sec s Costa Rica Pac Ry 7 Ms 1949 / 5s 1949 M&S / 52 M 8 1.90! to "ml 59 2.75 to Extl „ Costa Ext M&S 1957—J&J J&J Bank of Colombia 7s "47-A&O 7s 1948 .h&O Barrauquilla 8s 1935-40-46-48 Bavaria (Ger'y) 6Ms '45-F&A to 1.60 8 12 "10% (City)— Extl 1955.J&J15 — Extl 4Mb 1956 to 2.CO 8M 12 59 Austrian Govt 7s to 1.40 0 25 0 .20 8 12 (Commonwealth)— 2.20 % 0.50 to 2". 00 % West Haven -J&J 5 Mb 1941-1944 Sussex Co 5s 1942-1970— .J&J A&O 4Mb 1911-1953 2d ser. A&O f 7s 1957 3d s Certificates of deposit— 8s 1946 % to 6 0 ,25 3s Street 194 Ml955-—F&A b 0 20 2 MsT941-1952"-"M&N b 0 .15 Sg: "29K 21 Antwerp (City) extl 5s *58 J&D 2.00 Argentine Repub— 1.70 4 Ms 8 f extl loan 1948.M&N 0.40 Extl s f conv 4Ms '71 -M&N 2.00 % 5 f extl loan 4s Feb '72.F&A S f extl loan 4s Apr *72. A&O 1.90.% 2% Treasury notes 1948— to 0. 0. f 7s 1957 s — Certificates of deposit— to 1.25 .1.35 April 1 1941-1947. April 1 1948-1957. 2Mb April 1 1958-1966. 1Mb highway 1942-1979. .j&.i Kent Co 4Mb 1945-1950 .M&S 21M 1945—J&J / f 78 ser A s Extl to 1.75 1941-1971—M&N 1941-1953—...-J&D "24" _ to 1.10 Waterbury— — 22M 22 of) 4s 68 M&S M&S - _ „ 22 Anhalt 7s to 1946 % . 22M _ _ Antioquia Col (Dept of)— ... 2Mb 1947 Akershus (Dept to 1.75 J&J b 0. ^ --fc- 24% 15 10% Chinese Government— to !o1:40I^25 F&Al 1941-49..M&S 24 % to 0.60 6s 1948 Extl (8chool Dlst)— ♦4Mb 1941-1956 M&N Windham (Township)— 4s 1942-1952 -J&J 23 M 22 23 M 22 F&A / / deposit .....A&O / / deposit A&O deposit_ -—-J&J / deposit... / Hukuang Rys 5s £ J&D 15 / J /* Cologne Germ'y 6Ms'50.M&S f 21 31 Colombia Rep 6s 1961..J&J Certificates of deposit 26 M 6s Oct 1961 A&O / 31 Certificates of deposit / 28M 78 Funding 4s Jan 1 1946 Colombia Mtge Bk— 20-yr sf 6 Ms 1947 A&O / 23 M Certificates of deposit / 23 Sink fd 7s(of 1926) '46 M&N / 23 M Certificates of deposit / 23 Sink fd 7s (of 1927) *47 F&A f IW Certificates of deposit / 23 23 Copenhagen 5s June 1 52 J&D Extl g 4Mb 1953. 21M M&N Norwalk 4Mb Mar 15 CITIES Certificates of 4Mb Dnp 19U-1952-.M&N b 0 lMs 1941-1948 J&D15 b 0 West Hartford— 83 Agricul Mtge Bk (Colombia) New London— 5s Water 110 81 Certificates of deposit (City)— 4Ms Sewer 1941-1968.M&S'& 1Mb 1941-1959 A&O b Norwalk (T) 4Mb 1942.-J&D Norwich 4Mb 1941-1965.M&S 5 2Ms 1942-1959 J2&J2 b Rldgefield (High School)— | lMs 1942-1963 J15&J b Stamford (C) 4s 1942—M&N 2Ms 1941-1961 M&N & Stamford (Town)r— ♦4Mb Sch 1941-1965— M&N & 1Mb 1941-1950 A&O & Suffield lMs 1941-1959--J&J & Torrlngton 2 Ms 1941-'57 A&O & 103 M&S GOVERNMENTS AND % to 0.90 % Haven— 1Mb 1942-1954 3.50 % 112 % . 4Mb Water ref 1950 to 110 2-5s Refunding FOREIGN lMs Bdge 1941-1955-M&N b 0 New Britain (Ceunty)— I 2s 1942-1951 F&A 5 0 ♦4Mb School 1941-52-F&A ft 0 New 1.00 b vl 1947 fmpt Ref 4s 1943-1965 Wad Palm Beach— 1.75'% to Ask Mtge Bk 6 Ms *57 J&D31 / 10 eMsassented 1957 / 10M 8fgu6Ms Jne30'01-J&D31 / 10 6Ms assented 1961 / 10M S f gu 6s 1961 A&O / 10 6s assented 1961.. / 10 M 6s 1962 : M&N / 10 68 assented 1962.. / 10M 6% notes 1931 J&D / 9M 6s stamped 1931 J&D / 10 . 72.F&A W W Purch '41- ,« % To or Bid Bonds Net Chill Tampa— 0.25 . to 1.70 Ask Bid Bonds Net Ask To or To L—— Yield Basis Yield Basis or Bid day ot the month preceding t.ne date of issue possible for the closing Yield Basis Bonds 93 MUNICIPAL BONDS AND STATE Feb., 1941] 57 5% 5% 6 6 "22" 87 46 21 19 I tali Credit Consortium for ir% Nominal. Pub wks ext 7s B'47 M&S / 30 Pub UtiL Credit s f 7s*52J&J / 24 32 29 Net 94 state and bonds m quotations for all securities are as near as possible for ie closing day of the month preceding the date of issue Yield Basis Yield Bais or Bonds Bid Ask Cities (ConclA Japanese Government— Extl 63 k • f 5 Hs Oriental l3ev Co t)s'53_M&b Orient Drv Co 6Hi'58M&N 49 43 k 39 k 64 k 50 K 44 k 40% Jugoslavia (Kingdom)— f 5s 1956—M&N funding 5s 1956 M&N Funding 2d ser 10 17 10 s 17 1957-A&O / 7k Leipzig (City of) 7s 1947F&A J 21 State Mtge Bk 7s 8K 28 w.&.-.m48 / 6K Certificates of deposit... Lower Aust (Prov)7 Ks'50J&D h.: Luneberg (City) 7s 1948.M&N f 21 Maranhao (State) Brazil— Ext s 1 7b 1958 --M&N / 13 K Medellin (Munic) (Colombia) 7s extl Dec 1 1951 J&D Certificates of deposit 7h 8 M ees 1954-.J&D Certificates of deposit— 7k Mendoza (Prov) Argentina— 86 7Ks extl s f 1951 J&D 66 4-7 Ks stamped j&D 4s extl readj $ Ods 1954.J&D 61 Metrop Water Service— s ..m&n f Sao Paulo Brazil 8s 1952 m&n I Extl s f 6 Kb 1957.m&n 15 f Extl 6s 1943 State Mtge sec m&n 9axon Institution Sink fund 7s 1945 j&d Sink fund 6Ks 1946—j&d Coll sf 6s 1947m&s lerbs Croats & Slov (King of) 14% 10 "8 % 1st mtge s f 6s 1947 ext 1946 / 5s assented 1945---. f / 70K 21k 48 K 23 f f f Milan(Italy)ext 6Ks '52-A&0 f Mlnas Geraes (State) Brazil / f 4% 4% .... ----- — 4% 4% 4k 4k 28 K 58 52 / 32 Scrip..-.. Mtge Bank of Denmark— Exch s f 5s 1972 ser IX J&D 4% 4k _ 29K 8k 8k _ 70 S F 38 Vs external conversion 1979. 3k*4k-4 5-16% extl Oonv s f of *37 1978-j&d 4-4k-4k% extl readj s f 37 S f 5K« 1950 .—A&O 65 Norway ext 6s 1943 F&A 51 External s f 6« 1944—F&A 51 Aug extl sk fd 1956—M&S 34 4Mb e*tl sk fd 1965—A&O 32 K Bk fd ext) 4s 1963 F&A 32 Norway Municipalities Bank Guar s f 5s 1970 J&D 27 k Nuremburg extl 6s 1952.F&A / 21 Oldenburg (Free State) 7s 1945 / 21 Oriental Devel—See Jap Govt Oslo s f extl 4Kb 1955—A&O 25 K (City) 6Kb 1952—_. 50 . Panama (Rep)ext5K8'53 J&D /102 Extl sf 5s ser A 1963--M&N Stamped (assented) /"62k" Series A (ctfs of deposit).— / 60 Series B (ctfs of deposit) _ . - s f 7s 1952 ser a 34 k 40 K / 35 a&o f 3k 3 k 3% Westphalia—See Prov Bank Wurtemberg 7s to 1945-m&n f 21 Yokohama ext)6s 1961—j&d 54 H "55k (American Dollar Quotations) 64 61 70 54 36 K 33 % 34% 32 26 !!K 104 72 64 K 64 75 8 Peru sec Nat Loan extl 6s 1960-J&D Extl s f 6s 1961 A&O 7K 6% 6 Vs Poland (Rep of) 6s 1940-_ A&O 4Kb assented 1958—A&O Stabilization s f 7s 1947 A&O I* 4Kb assented 1968—A&O ~"3K —J&J J&J 4Kb assented 1963 Dollar funding 3s 1956. A&O Porto Alegre (City) Brazil— J&D J&J Sinking fund 8s 1961 8 f 40-yr 7Ks 1966 7s 1968 F&A Prov Bank (Westphalia) 6s *33 6s 1936 '/ 21 5s 1941 / 21 9 26 23 94 65 Bio de Janeiro 8s 1946—A&O Extl s f 6 Kb 1953 F&A 8% 7% 7 - lM 7 Bio Grande Do Sul (State) Brazil ext s f 8s 1946—A&O 10 k 7s extl s f 1966 M&N 9k Extl s f 7s 1967 J&D 9K Extl ■ f 6b 1968 J&D Borne extl s f 6 K« 1952—A&O / 26 L 10 k 9K 9 k 8k 31K (Monopolies) Institute /a 1959 F&A 5K Feb 1937 coupon paid... 4 Russian 6 Kb June 18 1919— 7As 5K % ext loan D®« 1921 ? X* Saarbrucken fOtty) ^vn^ay Extl s f 6s 1953—. .J&J / 21 (Mtge Bk) 6s ser A *47 '-I&S / 12 6s series B 1947 A&O / 12 Salvador 7s 1957 J&J / 6 Certificates a* deposit-.- / 5 . 7% — scrip / / 8s ctfs of deposit 1943... / Santa Oatharina (Brazil)— 8s 1947 F&A / San Paulo (Brazil) State of— 9 7K 5k K 8s 1948 8% external loan 1936. J&J / Extl 8s 1950 J&J / Extl 7s 1956 M&S / Extl sf 6s of 1928.1968 J&J/ Bees f 7s 1940 A&O / Santa Fe (City) Arg Rep extl 7s 1945— A&O / 4b 1945 stamped A&O / Santa Fe (Prov) 7s 1942.M&S / 4s Stamped 1942 Extl guar s f 4s 1964. _M&S ----- /Flat price. ' 3s perpetual 3s Jan 15 1967 30-yr 3s Nov 15 1968.m&n 14-yr 3 Kb 1951. m&n 25-yr 3 ms 1961 opt '56 j&j 15-yr 3 ks, 1949a&o 20-yr 4s 1952 30-vr4s i960 "9" 27 K it* llH 67 k 68 72 92 k 68 M 92 k 68K "71" 66 65 K 59 K 79 K 79 68 llH a&o 4Kb 1944.a&o 5s Nov 15 1941 m&n Refunding 5s 1943 a&o 5s May 1952 m&n Alberta (Prov of)— Gold 5 Kb 1947 j&j Gold .5 Ks 1952 a&o Gold 5s 1948 j&j 5s 1950 a&o 15 Gold 5s 1959 a&o 4Kb Jan 15.1942 j&j 15 Deb4Ks 1956 a&o 4Kb Jan 15.1957 j&j 4kb July 16, 1958 j&j 4k8 Apr 1, 1961 a&o 4Kb June 1. 1967 j&d Debenture 4s 1954 j&d Brit Col (Prov) 5s *48.-j&j 16 5s Apr 25. 1954 a&o 25 4ks 1941-1946 j&d 29 4kb 1947-1956—j&d 29 4kb s f deb Jan 23 *69 j&j23 s f deb 6s 1947— f&a Calgary 5s July 1,1945j&j Edmonton (g) 5s '45&'50a&0 5s s f 1955 & 1960—a&o Halifax n s 4s July. 1945 6s Jan, 1951 j&j Hamilton— 4s Elec l & p1941 Lachine p q 5s 1954 - 91 k 68 67 K 61K 80 k 79 K 70 82 71 "73 90 90 k 74 K 77 "79 98 % 43 43 45 41 43 45 41 43 41 43 39 41 39 41 39 41 39 39 41 41 39 41 38 42 84 K 84 K 86 86 81 84 81 84 80 k 82 k 75 70 62 60 67 67 60 67 65 70 70 80 a&o 70 j&d Manitoba (Province of)— Debenture 6s 1947 a&o 5Ks 1942 m&s 65 70 64 69 4ks 1945 4Ks 1951 4kb 1956 4s 1957— - 88 61 66 64 80 ——j&d m&n 5s 1944 5s 1959--- 85 j&j j&d j&d s f deb 5Ks 1958 5s 1943 72 75 79 81 68 70 K 70 K -f&a j&d 68 "85" j&d 67 70 3Kssfdeb 1949 f&a Montreal 5s Dec 1, 1945-j&d 5s s f Nov 1.1956 m&n 54 64 59 69 71 74 65 69 67 71 4Kb May, 1954 4Kb Jan. 1944 j&j 4kb 1941-1951 a&o 15 4ms June 1, 1971 j&d 4s May 1,1944 m&n Metrop Co 4Kb 'ss.^&'ei 4Kb May 1. 1965 m&n Harbor Commissioners— 5s Nov 1, 1969 m&n New Brunswick— 8 f deb 5 kb 1950 sf deb 5 kb 1952 f deb 1941 65 "70" 60 65 62 65 66 70 96 97 K m&n 65 70 j&j 65 70 83 4kb 1955 m&s 4ks 1960 a&o 4Kb non call 1958-m&n 15 4 Ks 8 f Apr 15, 1961 a&ol 5 Debenture 4s 1947—m&n 3Kbb f deb 1946 j&j 3s 74 95 97- 95 62 78 63 76 78 85 82 68 73 86 88 85 88 68 72 55 59 J*J2 59 62 51 51 54 49 52 54 99 95 98 93 60 70 75 81 85 81 85 80 85 76 78 70 73 70 90 75 94 85 89. "83 86 82 85 80 85 0.50 to 1.00 b 2.75 6 2.00 to 3.00 % J&J 6 1.00 to 2.15 % to 2.20 % 4Kb 1941-1956 J&J Ref 2mb 1941-1967—.J&D Augusta 4Kb Flood '42-.M&N Bibb Co 4Kb 1948-49—M&N Chatham County 6 1.00 6 1.00 1.50 % to 2.30 6 2.00 6 2.30 Road 4Kb 1941-1949-F&A 1.50 — . Road 4kb 1941-1956—A&O 1.00 Pulaski CO 5s 1941-1948—J&J Savannah 4Ksref 1943—J&J to 2.30 1.00 to 2.25 4kb Drainage 1944.._F&A 4kb Refunding 1959..F&A 2Kb 1943-1967 J&D15 Spalding Co 5s 1942-'49—J&J Swainsboro 6s 1941-50-.A&O 1.75 to 2.25 1.00 to 2.10 1.25 to 3.25 to 1.25 to 2.25 3K s 1941-1957. M&S 6 1.00 Amer Falls Reservoir Dist— 6 2.00 6s Oct 1 1941-1944 Boise City 4mb 1951 J&J 6 2.00 Boise City Ind Sch Dist No. 1 4Kb June 30 1941-1954 6 1.00 „ ILLINOIS 4Kb Serv Oomp Ml-^.Aug 1 6 4mb Serv Comp *41-*43_Aug 1 6 4^.S?.rv G°mP '41-'44-Aug 1 6 4s llighway 1941-1943-May 1 6 4s Highway 1945-1954—M&S 4s Highway 1955-1958. _M&N 6 3 Ms Emerg Rel '41-*47 Dec 15 6 3 Ms Emerg Ref ,48-*54 Dec 15 6 Bloomington 4mb Water 1941-1961 opt 1952.M&S 6 Champaign County— 5s Road 1941-1943—M&N 6 Chester (Toll Bdge Rev)— 4s 1965 M&S Chicago— 0.15 0.15 to 2.00 % to 2.50 % % to 2.50 % to 0.50 to % 0.50 % 0.70 % 0.15 to 0.15 to 0.50 0.85 to 1.50 to 1.55 0.15 to 1.10 1.15 to 1.45 1.45 1.25 to 2.25 0.50 to 0.75 99 101 3s 1942-1944 3s 1945-1948 6 0.30 6 1.00 to 1.45 3s 1957 opt 1942 3s 1956opt 1945-1949.. Water Works System— 6 1.30 to 3s ctfs Aug 1 1954 2mb ctfs Feb 151958-59. 6 2.15 2 Ms ctfs 1958-1959—J&D 2s ctfs Aug. 1 1950-53 1.90 2s ctfs April 1 1954-57— 6 2.10 3 kb 1952 opt 1945 3 ks 1953 opt 1946 3kb 1955 opt 1951 . to 0.80 2.10 to 2.20 % to 2.15 f°2 1.00 to 1.45 1.60 79 to 1.70 82 56 —j&j 65 82 85 76 79 18 nNominal. \ to 0.80 4Kb 1954 3 kb 1955 opt 1946 4Kb 1954 opt 1944 0 1.40 1.85 4s 1942-1944 Board of Education— 3s 1957 opt 1943 3s 1957 opt 1945-1947 ^°15 to 2.05 4s 1949-1950 6 0.30 % tf°40 1.70 % 4s 1945-1948 82 ho to 2.25 83 84 % 1.25 83 81 1 1 to ref Jan 31 1941 87 79 vo L 1.40 . _ ■ 2.30 Valdosta 5s 1942. Jan 1.00 Ware Co 5s Road 1941-49 J&J 1.00 IDAHO 4mb ref 1941-1945 A&O 6 1.00 4s 1 2.25 % 1.00 to 2.00 1.00 to 2.00 1.00 to 1.90 1.25 to 3.50 % 1.00 to 2.50 Clarke Co 5s 1942-1944...J&J Columbus 5s 1941-1944. J&J Crisp Co 5s 1941-1957 .F&A Dougherty Co 5s *41-*48.M&S Muscogee County— ^ 1%30 1.50 81 56 H I Last sale. 99 81 5-yr 3% debs July 1 1944— 10-yr 3k% debs July 1 1949 North Vancouver 5s '60..j&j s 70 99 J&J M&N J&D Road 5s 1949-1953 Athens 4Kb June 30 1943 Atlanta— „ 69 66 75 5s Water 1942-1951 72 K 76 89 69 64 4kb non-call 1944 M&N 4Kb June 1 1946—... J&D 4Kb June 15 1950—J&D15 48 Aug X i&i?--F&A15 GEORGIA 4Ms ref 1941-1945 J&J b 2s Highway Ref Mar 15 *47 Albany 5s 1945 ...J&D Appling County— 70H —a&o Refunding Debenture 5s i960..... j&j 7K 27 17% 17 16 K 51K 84 65 89 70 54 a&o - Prague (Greater) City—__ 7 Kb loan of 1932-52—M&N / 8 Prussia 6K» 1951—M&S 15 / 21 6s 1952 A&O / 21 Queensland (State) 7s '41 A&O 90 Ext g 6s Feb 15 1947 F&A15 <5s 1933 8-yr 2kb 1943 7-yr 2Kb 1944 10-yr 2Kb 1945 20-yr 3s 1955 3s 20-year 1958 Refunding 4s 1945 20 M&S M&S 17s 1947 if 7s 1959 2s 6-year 19442kb Jan 15 1944 m&s m&n j&d j&j j&d m&n f&a j&d j&d m&s ...j&j 92 86 64 5s 1950-1959 J&D 4Kb 1941-1945 A&O 4Kb 1946-1961... A&O 4b £ July 1 1948 J&J 3Ks July 1 1944 —J&J Vancouver, (B C)— 5Ks 1952 F&A 5s 1945 & 1946 var 5s 1950 & 1951 var... 5s Jan 15 1970 J&J14 4Kb 1967 .F&A Verdun deb 5s 1954 Winnipeg. Man 5s 1944—A&O 3k 98 96 98 99 k 97 k 4mb Mar iri960--M&S 4a Nov 15 1957 M&N15 Toronto 5s 1941-1950 J&J 12K 7s 1958—f&a t AHb assented 1958 f&a f Warsaw (Land m Bk) 8s 1941 f 94 93 63 4$ ii%21945 24 warsaw (City) Dominion of Canada— 1% notes 1941 1kb 1942 24 Parana (State) Brazil 7s 1958Pernambuco (State of/ Brazil Conversion scrip Venetian Prov Mtge Bank— 43 98 93 4Kb 1956 J&D Quebec City— 5s S F (non-call) 1960.M&N Saskatchewan (Province) 5s 1943 (non-call) J&D15 6s 1959 (non-call).—-M&N 39K 40 bonds of 1937-78 f&a 3Ks extl re-adj 1984--j&j 77 98 96 J&J J&D 1946 101K 96 M&N deb 1953 4Ks 88 M&N 1949 4Mb 1961 42 k canada F&A / 21 National Bank of Panama— 4s ser A & B 1946-1947—. / 63 4s ser C & D 1948-1949 / 60 New South Wales (Australia)6s extl sf 1957 F&A 62 M Extl s f 5s 1958 A&O 58 Met Wat Serv & Dr Board b Basis. 3 Ms 3Ms« 25 Municipal Bank— Hessen 7s to 1945 4s 3 Ms s f deb 1952 41H Vienna,(c) extl 6s *52.—m&n f 8% 8% f / Roumania 54 88 100 M May 15.1941-43.M&N 15 May 15.1944-57.M&N 15 May 15.1958-68.M&N 15 52 52 Net 93 86 _J&J M&N Quebec (Province)— 8-yr 2kb 1944 15-yr 3s 1951 49 % 17 f&a m&n / m&n / 90 Debenture 3s 1950 M&N Debenture 3s 1949....J&D 2Ks 1944 F&A Ottawa City 5s *41 *45—_J&J 6s Munic Imp '41-*50—J&J 5s July 1, 1941-1956—_J&J 4Kb 19411944 J&J 4K« 1943-1960 J&J 4 „ 4s 1904 assented 1954 4s 1910 assented 1945 6s 1913 assented 1933-- AKb 1959 48 3k 3 k 3k 61 k , External 8s 1950 4s 23 K external readjust 1979--- 1943— Stamped assented s 7 f&a Extl s f 6s 1960 Extl sf 6s 1964 4s 9Vs 7k 7k 3k-4-4k % ($ bds of 1937) f gtd 4Kb Extl 24 Ask 86 4Kb 1944 M&S 4Kb Jan 15. '41-*47—J&J 15 4Kb Jan '15 *48-*57_J&J 15 4Kb 1941-1970 M&N 15 4s 1941 ...M&N 3k-4-4k% ($ bds of 1937) See New South Wales. Mexican Irrigation— Panama sk 21 5s of 1912-1952 m&s Extl s f 5ks 1961. a&o Tolima (Dept of) 7s '47.m&n Uruguay 8s 67 % 63 5 Kb 1946 5s 1959 10 f 21 / 21 / 21 Bid Nov* Scotia (Province)— Deb 5s I960 MAS Deb 4kb Sept 15*52 M&S15 Deb 4Kb I960. ..M&N 16 Ontario (Prov) 6s *43—M&S15 "10 k %Vs f&a f Sydney (City) n s w— 25-yr s f 5ks 1955 Tokyo (City of)— Bonds 15 9 7k f To or Net 14 12 K 9k UK f 7s 1961.. Extl 8s 1962 m&n Extl 7s 1962 ser b.—m&n Silesia (Prov) Poland— Extl s f 7s 1958j&d f 4Kb assented 1958 j&d f Sllesian Landowners Assn— 7 ¬ s Extl Ask Bid <antlago(Oity)Cbile7a *49 j&j / „ —F&A 1965—;-_M&N Yield Basis To or Bonda <antander (Dept) Colombia extl sf 7s 1*48 A&O f Foreign Govts, and 8 f 0h> 1954 To Net % 1 2.15 0.75 6 1.20 to 1.60 ho 1.00 , possible for the closing day of the month preceding the date of Issue securities are as. near as Quotations for ill or Par 1.20 to 2.25 1951—-M&3 14$s Ref 1965 --J&D 444s fan 1 1970 F&J 4 44s Sewer 1969.....J&A Hospital 444s 1941-'44 l945-'47 4s 1955 opt 1948-'54.244** construction ser I— 1941-1960 J&J 0.25 to 1.00 1.20 to 1.60 1.80 to 2.25 0.25 to 2.20 is 1942-61-J&J 0.40 to 2.15 4s 4s 1955 opt 4s 1955 opt F&A Lou W Co 1950—-F&A Sewor 1965 F&A Jan 1 1970.-. J&J is 1.90,% 2.00 Baltimore— 2.20 2.00 5s ..A&O 0.30 to 6 1.40 6 1.75 b 2.10 6 2.20 1.20 5a Gen Imp 1943-45— .M&S 5s Water 1961 ...A&O 0.60 to 2.00 & 6 6 10 % 1.60 % % 1.55 0.40 b 3.50 3.25 J&J b 3.25 to 1.60 Oweusboro 5s 1.80 to 2.20 Paducah— 0.40 to 0.90 Elgin Sanit Evanston 8 D No 76— 5 0.75 1941-1948 1 444s June 1942-1944—. 1945-1947— 4s 1956 opt 1948-1952—— Granite City 4 44s 1941-48 J&D Jackson Co 4?4s 1941-46-J&J 1.20 to 1.60 b 1.80 to b 1.25 to 2.25 Short Term Bonds- 0.75 % 1.00 to 2.00 Refunding 2 44« 1941 F&A to 3.00 "JftSfPK O 1941-1943 b 0.50 to 1.00 1942-1956 3 44s Jan 1 1957-1961—--344s ser Q 1943-1954—.J&J b 1.00 to 2.50 b 2.60 2.50 b 4% revenue 1964.....J&D 444s 4s Jan 1 to 2.00 10544 10444 314s ser Q 90—„ b 0.75 F&A b 1.00 to 1.50 to 1.00 b 1.00 to 2.10 b 2.10 to 2.30 b 1.00 to 2.90 1942-'56.F&A -F&A 6 0.75 to 2.00 b 2.00 to 2.10 to 2.00 0.80 1.10 4s 1.50 Fort Wayne 4 44s '41-'57-A&O Fort Wayne 8chool Dist— "1.00 to 1.25 to 1.50 to City 444s Oct 1943— (City)— 1942-1956—J&J30 4s O H Indianapolis— _ b , 0.75 0.75 544s Track Elev ,42-,47.J&J 44ss 1942-1955 —J&J 144s refund Jan 1 1942-1961 Indianapolis 8 D— ; 4s Bldg Sept 1 1946—J&J 34)8 July 1 1941 J&J to to ser to 1.90 1.00 to ho to 98 0.75 ^ _ 1942-1947 A&O 4«s WW 1943 544 s 1941 South Bend School 2.25 b 0.40 to 1.00 M&N M&S . ho 1.25 5s 1952 opt 1942 5s Oct 15> 1962 op -J&D 0.20 —J&J '52-A&O 15 15 5s 1972 opt 1962 to 1.60 0.15 0.10 to 0.30 0.10 to 0.80 1 to 3.00 % to 2.30 b 3.20 I to 3.30 % Levee— 1942—J&D 6 1.15 % to 2.00 % to 1 942 6 0.25 gold 1911-1945— gold 1945-1960 — 444ss8rial gdld 1961-1980-4s Constitutional 1942-J&J 4s Pub Impt '52 opt '42.J&J 4 44s serial 4 44s serial to 0.50 Cedar Rapids 4 44s'49-'53M&N 6 1.75 Clinton Co 244s 1942--M&N 5 0.50 to 2.00 444s --J&D 1941-1942 less 44 Davenport Indep Sch Dist— 4Ks 1941 M&N 6 0.25 to 0.50 1941-'57—J&J 6 0.25 to 2.75 1941-1942—J&D 6 0.25 to 0.50 6 1.00 Des Moines 5s 4Hs W W Orleans 444s Sept 1 1945 M&S 4«s 1944 ----4s Sept 11945 —M&S Lee Co Prim Road 2 44a. 1948 less 1 6 0.90 Jess 6 1.00 less 1 1 6 1.10 less 1 Lyon Co 244® May 1 1941-47- 6 0.25 to 1.00 6 0.25 to 2.75 6 2.80 to 2.90 to 0.90 „ % 102 10244 — 10544 106 — District— 1 1942-1964—M&S 6 1.50 Orleans District— 5s July 1941-1949 J&J 6 1.00 5s July 1950-1959 -J&J 6 2.20 to to3.00|% % % 2.40 % to 2.10 to 3.00 4«s Non-callable 1952 J&D 6 2.50 6 0.40 6 0.25 to 1.60 to 1.00 Orleans Parish Sch Board— 5s 1941-1944 J&D 6 1.00 5s 1945-1967 J&D 6 1.85 6 0.25 6 0.25 to 1.25 % % 2.40 % to 2.90 to 2.90 444s Sewer 1941-47—M&N 244s 1941-1956 J&J 6 0.25 Woodb'y Co Fund 2449'42-'46 6 0.50 A&O 5s Oct 1952 to 1.25 106 6 2.00 J&J 6 3.30 3.20 4448. J&J 1941-1952 J&J 1942 F&A 444s Wat & Light 1944.J&J 444s Imp July 18 *49—J&J 244a Ref 1951-1960—A&O 6 0.25 1.55 5s Board of Education— 444s 1941-1953 F&A 6 0.30 4 44s 1941-1953 J&J 6 0.30 Sch Dist 444a'42-*54J&J 6 0.30 Jan to 1943 3.10 444s Water 1942-1947-J&J ho 4s McPherson 444s 1945—... Saline Co 444« 1945-..—. 1.00 4s 1.00 4s State Pier Shawnee Co 444s 1944-—. Topeka 444s 1948-———. Topeka School Dist— 4468 March 1 1442-1946 — Wichita 444s 1942-1946.J&D Sch Dist ref 444s*42-48 F&A 0.85 Leavenworth Co 5s 1945. 144s 1945-59 Wyandotte County— 444s 1942-1945 1941-1942—M&S 0.30 0.30 0.30 to 1.35 to 1.15 % 0.90 to 1.70 -J&J 6 0.35 % to 1.15 0.75 0.75 0.75 0.75 to 2.25 to 2.10 to 1.50 to 1.50 3.50 Ref *41-*50 M&N Brewer High Sch Dist— 444s 1941-1945. M&N 6 1.00 3.25 % to 2.10 Water 4s Ref May 1, Old Town Water 4s July % % % % % 2.00 z° to 3.00 1 % District— 2.10 1950—M&N District— 1952-1958 3.25 J&J 4s O H '41-'45 tax ex 10044 10244 10244 10044 10244 101 A&O Portland Bridge District— 3 44s July 1, 1941-1947 10144 Portland Water Funding 1948 J&D 244s Water May 1 1953-, Portland Sewer 0.75 to 2.00 % 0.75 to 2.20 2.00 1.50 102 103 102 100 103 10244 103 4s 1941-1950 M&N Waterville 4 44s 1941-1950 Westbrook 44$s 1941-1948— Bowling Green5s 1955 J&J Covington 444s *41-*50—A&O 444s WW 1942-1951—J&J 4s Fdg 1952 opt *42—F&A 444s School Jan 1 1442-1969 Henderson County— 444s R&B Oct 1 *41-*56A&0 6 Basis. / Flat price. 3.25 3.25 3.50 3.50 2.75 3.75 101 2.15 3.00 3.20 3.20 2.50 3.60. 102 % % % % % % to 1.75 0.20 0.20 to 1.00 0.20 to 1.00 0.25 0.20 2 & N 2 to 1.60 0.20 to 2.20 154® 1941-1951 J&D 6 0.20 Holyoke 4s 1941-1950...A&O 6 0.20 2s G & E 1941-1947—A&O 6 0.20 Lawrence (wat h'way & b'dge) 244s 1941-1958 J&D & 0.20 Lowell 2 ?4s 1941-1947 J&J 6 0.20 Lunenburg Water District— 244s 1942-1969 A&O 6 0.25 Lymfield Center Water Dist 2s 1943-1967 J&J 6. 0.40 Lynn 4s Sewer 1941-56.-M&N 6.0.15 2s 1941-1969M&S 6 0.15 Maiden 2 44s 1942-1958—F&A1 b 0.25 Ref 144s 1941-1949—_M&N,6 0.20 . to 1.60 to 1.75 % % % 1 to 1.50 to 1.25 to 1.20 to 1.00 I i „ to 1.60 to 1.00 % % to 2.10 % to 2.10 to 1.60 to 2.00 I to 1.00 I 0.20 to 0.40 % 0.25 to 0.20 to 1.60 % 0.15 to 1.20 f°7 to 1.20 to 1.60 % 1.50 % M&N A&O J&J to 1.75 to 1.25 % to 1.00 % to 1.50 °fa 0.20 to 1.50 0.20 5 1 to 1.00 to 0.60 % % 0.20 to 1.10 0.20 to 1.75 % 4)81941-1948—-M&N 0.20 to 0.90 M&S 0.20 to 1.00 % % 3 4)8 School 1941-1954-J&J J&J A&O Springfield— 354s Water 1941-1960-J&D 0.20 to 1.50 % 244s 1942-1969 144s 1941-1955 0.20 to 2.25 0.20 to 15<s 1941-58 M&N15 2s 1941-1949. Somerville— % 1.50 % 0.20 to 1.60 1941-68M&N 0.20 to 1.90 144s Relief 1941-1940.A&O 0.20 to 0.75 1941-1948—J&D 0.20 to 1.20 144s relief 1941-48—M&N Wellesley (Town)— 2s H 3 1941-1952 M&S 6 0.20 to 1.00 1941-46 -J&J 6 0.20 (City)— 144s Funding 1941-58—J&J 6 0.20 2443 Hospital 1941-49.J&J 6 0.20 to 0.80 2s sewage dlsp Waltham 2s % % % % Watertown— Winchester 3 44s % to 1.20 to 1.50 to 1.10 MICHIGAN I00 0.20 554s July 15 1941—-J&J 15 1.00 2.00 1.00 2.00 % 2.75 % to 2.80 % to to Ashland— 4^s SI *42. *47 &*52._M&9 to 0.80 0.20 % Dist South 10044 to 1.60 6 0.20 District¬ 's 103 6 0.20 1 Worcester Portland— KENTUCKY to 1.00 6 0.20 to 2.30 Belfast 444s Kennebec i to 0.40 6 0.20 244s Dec 1 1941-1955—J&D Qulncy 24)s 1941-47—A&O 144s 1941-1949 M&N 3.00 to 2.25 344s 1941-1951 M&S 2s Improve'mt 1941-56—A&O Augusta 4s Oct 15 1941-1955. Bath 4s Ref 1941 tax-ex.J&D to 1.15 J&D Bridge Revenue Refunding— Project No 2 July 1 '50 J&J Project No 3 July 1 '50 J&J Project No 9 July 1955 J&J Project No 10 July 1 *50 J&J Project No 111952 Project No 12 1947 Project No 13 1953 Project No 141945 to 2.80 0.75 0.75 0.75 2.50 1.40 to 6 0.25 Haverhill Reading H'way & Bdge *41-'54-A&0 Sept 1. 1941-1953 M&S Highw & Bdge '41-44 M&N 6 0.20 1941-1955 (tax-ex).M&N Salem 1 5s to 144 s 1941-1949 M&N Northampton I ^s *41-59 P&A 6 0.20 Pittsfleld 4s 1941-1944—-J&D 6 0.20 to 2.30 MAINE to 1.35 % 1.75 1.75 6 0.25 6 0.20 to 1.75 Leavenworth— 6 0.30 to 2.25 North Adams— to 1.70 to 1.75 to 2.25 Newton 244s to 2.85 J&J 6 3.10 1957 to 1.80 Framlngham— 154 s water 1941-58—M&N 6 0.25 1941-1953 144s 1941-1949 Tensas Basin Levee District— to 1.70 Fall River— 2 54s 1941-1968—M New Bedford 4s 1957 2.60 6 1.75 5s 1965 Series D——F&A Shreveport— 5s Dec 1. 1941-1969..-J&D 6 0.50 4 Ha W W & Sew '41-'54J&J 6 0.50 4Hs May 2.1941-67-M&N2 6 0.50 to 1.50 4s. 1953-1954 Kansas City 5s 6 A&O 1943-M&S 6 2.75 6 3.20 5s 1950 Series B 5s Mar 1953 opt KANSAS 1.40 144s 1941-1955 F&A Ghicopee 154s 1941-1959 M&N Easthampton (hi'way & relief) 144s 1941-1948 M&N15 Everett 144s 1941-1959-J&D 154s Relief 1941-1948—J&D 244s Red River A & B B District— Soldiers' Compensation Bonds 2.00 0.25 0.20 0.20 Methuen (relief and sewer)— 1.90 5s July 1968- 2?60 344s 1941-1942 tax-ex M&N 2s 1942-1953— F&A 108 ..M&N 6s 1944— to 0.90 1 to 0.20 Medford— Pentchartrain District— to 1.60 to 1.60 244s 1941-1947 ..A&O b 0.20 1941-1969—A&O b 0.20 J&J b 0.20 144s 1942-1955 Plaquemine Parish E Bank— % 3.00 % to 1.75 to ho Chelmsford Water District— 4s to 1.1( 6 1.10 4s Mar. _ 444s Water 1941,1944.A&O Polk Co 2s 1942-1960—M&N Sac Co 244s May 1 1941-1947Sioux City 6s *41-45--F&A15 Levee 6 0.50 34)8 Ref 1941-1962—M&S 6 1.50 6 2.50 3 448 July 1 1953-1968 6 1.00 4s July 1 1941-1952 Des Moines Ind S D— Marshalltovrn— New Orleans—-Public Belt— 444s 1941-1966 A&O 6 1.00 to 2.90 % Public Belt Bridge Rev— 4s 1941-1945 A&O 10644 10744 4s 1946-1956 A&O 10644 10744 IOWA M&N15 Vf.% 1941-43- Arlington 4s'41-'42 (tax ex) J&J Beverley 144s 1941-1948-A&0 Boston 454s Sept 11981-M&S 444s Tun 1960 tax-ex—A&O 4s Tunnel & Sub 1948 J&D 4s relief 1941-1953 J&D 2?4s 1941-1968 J&D 154s 1941 1970 J&J 2.90 % Metropolitan District— 2 Via ser B 1942-62—J&J 2 54s Oct I 1941-62—A&O 1.50 Braintree4s 1941-1942 J&J 2.65 Brockton 144s 1941-1948-A&O 2.75 Cambridge 2s 1941-1958.A&0 3.00 3.10 154s 1941-1946 F&A b 3.10 Basin Levee—. 5s 1956-1970 —A&O 6 3.00 1 „ 144s 1942 1951 2.10 0.30 0.40 to 3.30 b 2.85 Lake Borgne Dist 5s Dec 1952 opt 2.25 to 1.50 1.80 b 2.75 5s Oct 15,1963 op 53A&O 5s 1969 opt 1959—F&A % to 2.00 2.20 6 0.10 Lafourche City— to 2.50 1941-58-J&J I 48 Water registd 2.05 % 6 3.00 -A&O 5s 1954 Fifth District Levee— 1.00 444s Impt 1941-1948-F&A Vandenburgh Co— to 2.80 Washington Sub San Dist— 6 2.30 344s Wat & Sewer '87.M&N 6 2.35 444s Sewer 1973 opt '53 .J&J 6 2.20 5s 1969 opt 1949 % to 2.40 _ 0.40 % to 2.85 344s gold July 1944 M&S Metropolitan Water Loan— z° 2s reg 1944-68 2.45 -J&J 2°50 Wis 1945-1969 J&J 1 2.50 Hurricane & Flood Damage— to 2.00 _ South Bend— 1st Funding 1.30 2.00 0.75 to to 2.50 1.00 1,1947-49 — J&J V 1943-1955.----J&J 1941-1957 to 2.40 1.30 1.80 344s series S 1958-1960-J&J 3 44s ser V 1956-1981—.-J&J 3-3 44s June 15 1943-1962 — b 1.25 2.50 % State Pension 5s June 1. 1948- b 1.90 1.50 % Oapital Bldg 444s Aug 15. '52 b 2.10 2.00 Charity Hospital at N O— 3.85s 1942-1968 F&A b 1.50 Atchafalaya Levee District— 2.50 % 5s Sept 1941-1972 M&S 6 l.OOBaton Rouge 5s '41-'54_.M&S b 0.75 2.25'% Bossier District Levee— 2.50 to 3.25 '41-75 A&O J&J Evansvllle 4s ref 1942 Hammon 0.50 MASSACHUSETTS 8t3&5SK?5l«11944-55.. F Mar 15,1945-48. to 2.00 4s ser S Gary 8ch 1.40 2.10 % 1957-1960 5s series 1941-1943 0.80 to 1 Ref3 44s INDIANA 5s Oct 1 1 J&J 5s series K July Elkhart 4 44s WW 1.75 to 1.90 1.60 Refunding Refunding 3 44s (Village) 244s Dec 1.1941-1958—- 1.40 1.50 1.60 1.80 0.90 0.90 Long Term Bonds-— 2.00 102 ,101 F&A Bridge rev 4s 1964 Winnetka 1955-1960—J&J b % Port Commission Rockford 8 D No 205— 2.10s 1944-1958 Rock Island (City of)— 1.50 5s Water 1941-1987.—A&O 6 0.50 444s 1941-1987 A&O 6 0.50 Montgomery County— 444s 1941-1968 M&N 6 1.00 % 344s 1941-1959 J&D 1941-1944 1.25 Hagerstown— Grange (Village of)— River Forest 8 D No 00 1.60 1.30 344s March 1945. M&S 3 44s Refunding 1952 J&J 3 44s Sewage Irapt '80-A&O Cumber'd 444s W W *41 -A&O 2.15 3s Water rev 1942-08—M&S b 1.25 Lake Co 5s Road '41-'49.F&A b 1.00 Madison (Kings H'way Bdg)— La 1.90 to 4s Regia'd stk 1948-57 M&N 4s 1941-1944 —A&O 4s 1958-1975 M&S LOUISIANA to 1.90 0.90 to 1.70 3.15 b 0.50 0.75 1.00 0.25 to 1.00 b 444s 1942-1959 to 1.50 6 0.50 to 1.25 0.25 — Forest Preserve— 4s 1956 opt 4s 1956 opt 1941-1961 to 1.25 1.00 5s registered 1948 M&S Win Mar 1. l941-'55.-M&8 4s Aug 1. 1951 F&A 4s Annex 1954-—— J&D 4s Park* 1955 .M&N 4s Mar 1. 1961 M&S 4s 1945-1971 M&S 1.90 2.00 IV4s w w 1941-1970—A&O Warren Coumy— 1.20 1941-1944— 1945-1947 1948-1953-.— D 5s *41-'44.M&N to 1.20 2.20 2 1.80 3.15 Ref 314s 0.25 4s 1956 opt 1.15 to to 1.20 2.20 to 2.40 % 1943 — J&J 6 0.70 Sewer.——J&D 6 3.30 to 1.00 4s 1956 opt 4s 1956 opt 0.25 0.25 0.25 0.60 0.40 — lV4s 1941-1953 F&A 15 1449 1943-1955 F15&A 144 s 1942-1954 F&A 15 Annapolis 4 44* W W '42.A&O 6 1947--- Sewer 4s _ Net Ask indebt—(Concluded) 254» June & Aug 15 *41-'52_ 1941-1953 F15&A 2s 2.201% to Louisville District— 2s refdg ser D Cook County— Certs of 0.20 0.20 1942-1963--.——-J&J 6 City Hail os 1911-55-F&A6 5s Sch 1962 . — A&O 6 2.30 to 1.60 1.80 4s 1955 opt 1948-'55 Is Bid Bonds Nat Recovery- Pub Wks to 1.00 T or Net Lexington— Chicago Park District— 3 44a 1956 opt 1946 4s 1955 opt l941-'44 4s 1955 opt 1945--47 Sanitary Ask Bid Bonds Net Ask To or To Bid Yield Basis Yield Basis tteld Basis Bonds 95 municipal bonds and state feb., 1941] 544s Oct 15 1941 A&O 15 1943---.-.F&A 444s Highway Impt 1944 A&O 4s Highway Impt 1942—A&O 44)S Highway Ana Certificates of indebtedness— 3s 1941-1950 A&O 6 0.25 2?4s 1941-1951 A&O 6 0.25 to to 1.10 % 1.15i% less 6 0.70 less 6 0.50 less 6 0.75 6 1.15 to 1.75 44 44 44 Arbor— 1941-1948 J&J 354s 1944-1946. Battle Creek S D— 4 44s 1941-1949 F&A 6 1.00 Bay City— 6 1.00 544s w w 1941-1951—M&S W W ref 4 54s MARYLAND 0.25 6 0.60 to 1.50 to 2.00 to 2.50 90 STATE Quotations for all securities AND are as near as MUNICIPAL Yield Basis Yield Basis To or Bonds Bid Ask Bonds 102 .... 4M»— 43*s b 0.25 2.50 2.25 to 2.40 0.25 to 2.25 2.40 ... 4ks 4Hi Refunding Water series D— 3Ms Oct 1 1951-1961 3Ms Oct 1 1941-1950— 3 Ms Oct 1 1948-1950 4s July 1 1941-1947 Street railway 43*8 Refunding 3M« '57-'02 J&D Refunding 4s '41-'50-.J&D General & Street TUilway3J*sOct 1941-1959 — 2.45 - 4Mb 4Mb 1943-1946 4s 1943-1947 % to 2.10 % 2.25 less 0.25 lesslM to 2.90 % 0.25 to 1 lesslM 100 2.45 2.35 % 98 to 2.60 to J&J 0.25 to M&N 0.25 ho 0.25 to 2.70 % 2.75 2.90 lessl3* 0.25 to 2.55 2.90 to 2.90 2.85 lessl 3* 0.25 to 2.25 A&O 15 2.70 lessl M 2MB 1953-1961 A&O 15 ft 99 M to 98 Ref 3s Dec 15 1941-1958.-. b 0.25 to 2.90 % Ref 2Ms Dec 15 1959 98 100 Ref 2Mb Dec 15 1959-1961. 95 96 3* Fllnt 4Mb 1941-1954.M&S 15 o 1.00 to 3.00 % 6s (Mar 1 & Apr 1) '41-'50~ b 1.00 to 3.00 % Flint Union School Dlst— 6s 1941-1954 M&S 1.00 to 3.50 % Grand Rapids— _ 3 Ms 1951-1952 3s Sept 1 1941-1945...M&S Grand Rapids School Dist— 4 Ms 1941-1943 M&S Highland Park— 4Ms April 15 1957. 4Mb Scno«>i Nov 1 1954 Jackson 4 Mb 1941-47- -A&016 4M- July 15 '"55 Jackson Union School Dist 4Mb 1941-1945. ..M&N Lansing 4Ms 1941-1946..J&D Muskegon 4 Ms 1942-44.-J&J Muskegon S D 5s 1942—July Pontlac— L00 b to 1.00 1.50 % 2.50 2.40 b 1.00 to 2.25 ... . b 1.00 to to 1.75 3^00 to 1.75 b 0.75 b 1.00 Refund 4-4 Ms 1964 opt 1937 % 1.50 % 2.10 '0 less M less 3* 3* less 2.60s 1941-1966. A&O 2Ms 1941-1967 M&S 2.30s 1941-1947 M&S 2.30s 1941-1960 J&J 2Mb 1941-1958 M&N 2 20s 1942-1959 .J&O 2.10s 1941-1950 -.F&A 2s 1941-1946 A&O 1.90s Oct 1 1941-1946.A&O 1.80s 1941-1943 ..F&A - ... 1 Ms 1 70s 1944-1948 1941-.949 Ramsey County— 1MB 1941-1950 8t 4s 1942-1961 2.60s 1941-1957 b 0.50 to 1.20 to 2.30 to 1.60 to 33*s Feb 1 1960 3Ms Feb & Aug 1960 2Mb Feb 1 1961 23*s Aug 1 1961 Biloxi 5Ms 1941-1943...-A&O 1.70,% 2.10 less 0.50 1.85 0.50 1.00 0.50 0.50 0.50 to to to 1.80 n to 6 0.25 to 1.55 6 0.25 to 1.25 NEW to 2.00 3 'to 1.65 to 1.60 to 1.65 1.60 % 1.00 to % 6 1.50 to 2.25 2.30 103M 101M to 2.25 to % % % 6 0.35 to 2.25 2.40 103 M 101M 100M to 2.50 |to 2.75 to 2.40 to to 2.25 1.00 % % to 1.75 % to 1.15 % to 2.50 to 2.85 % Nominal % """l".9d to 1942 to 1.00 to 2.90 to 3.60 % % 2.90 % to to 3.50 % to 3.50 to 1.80 % % 6 0.75 to 3.40 to 3.25 ft 0.50 to 0.75 to 95 6 0.15 to 1.10 % % % % % to 0.40 6 0.25 to 0.60 6 0.15 to 0.80 J&J 6 0.15 to 1.40 ft 0.20 6 0.15 n *n % to 2.60 £ {j-gjj to 2.50 0.50 « to 2.50 0.50 to 0.50 to 2.60 0.50 to 1.30 0.50 to 2.80 0.50 to 0.25 to 2.25 Par % to 1.75 % % 1.1Q % 0.30 % to 2.10 to to to31.60 % toA .85 % tojl.75 % 0.20 0.25 to 2.00 to 2.00 to 2.00 to 2.00 to 2.00 to 2.00 to 0.30 % % 98 % 3.25 % to 2.40 97 99 % to 1.10 1.00 1.00 to 2.75 % Par to to 3.25 to 3.60 to 3.25 to 2.75 to 2.80 to 2.85 6 0.50 to 1.20 % % % 2.85 ft "0.50" to 2.75 % to 6 2.50 6 1.75 J&J 6 1.75 3.65 to 3.80 to 3.65 .a&O I. 3.20 J&D 6 1.75" July 1 1941-1953 Gen ref 3Ms '41- 54.-F&A 6 T.75" 4s % to 2.60 to ft 0.50 . Refunding 1949—.F&a to 3.80 % 3.40 to 3". 50 % ... ft 1.75 to 3.40 ft 1.75 to 3.40 ft 99 J* 4Mb Water 1941-70.J&D15 4Ms 8ch impt '41-'5Z_J&D ft 0.50 5Ms 1941-1970 —J&D Linden 2 Mb 1941-1956.-.J&D Lodi 5s 1942-1947 J&J Long Branch 5s 1»43 M&N Lyndhurst 4-5 Ms - Maple wood (Township)— 4s 1911-1967 J&D15 Middlesex (Borough)— 3 Ms 1942 to 1967. J&J Middlesex County— 4Mb Rood 1941-1944..F&A Imp 3s Nov 15 1941-1948.. Monmouth County— 4Mb Mar 15 41-'50.-M&S 4Mb Rd & bdg '41-51F&A16 Montciair 4Mb Sch 1941.A&O 4Mb High sch bldg '44.J&D 2M» May 16 1941-1970 Morris County— 0.30 4Mb 1942 opt 1922....J&J 0.60 H Ma 1941-1949 J&D15 0.80 Morristown— 1.20 4Mb 1941-1942 J&D 4s 1941-1969.. M&N 0.20 Neptune 4Mb 1941-1955.F&A 0.20 1.15 % 1.15 6 % %, to 98 to 2 .90 6 0.50 to 2.25 ft 0.50 , ft 0.15 % 113 u J&D 3M«, 1941-1956 J&D Keansburg 5Mb 1941-59.M&N Kearney— % Construction— 1941 4Mb School 1945 4 Ms Water 1961 4Mb 1912 1967 % 1.25 % to 2.25 2Mb Sewer 1941-1956.M&n 6 0.15 3 Ms Mar 0.5,0 ft 1.75 6 98 County— ... , 2.00 4Mb series B July 1941-1967 6 0.20 4s series O April 1941-1969. 6 0.15 2MBseries D May 1941-1970 6 0.15 N. J. Emergency Relief— 1.50 .0 983* % ft 0.50 5Mb Water 1941-1963.M&S 4s M&N 3 Ms ser A July 1941-1966.. to ft 1.25 ft 2.25 A&O Hunterdon County— 4 Ms Road & bldg '42-'46J&J Irvington 5s School 1963.J&D 4 Ms 1941-1959 J&D Jersey City— 5 Mb 1942-1953 a&O 5s 1941-1969 .A&O 4Ms School 1941-1958.J&D % HAMPSHIRE Institutional to 1.75 0.50 '59.M&N 2Ms Apr 1 ft 2.65 1941-1959 2.65s 1941-1970 0.50 M&N 0.20 JERSEY Road Bonds— 4b series H July 1942 4s series I July 1943 4 Miseries A of '27 July 1944 4s ser B of '27 July 1950 Highway Extension— 4 Mb F of '20 Jan '55 opt "40 4Mb A of '24 Jan '65 opt '40 4 Ms B of '24 July '55 opt *40 4 Ms C of *24 July '56 opt '41 4 M» ser B of *30 July '41-*e7 6 0.25 3 Mb ser C of '30 Nov '41-'69 6 0.25 to 2.40 1941-19741 4s g Park 1954 & 3.15|j% to 1.35 NEW to 1.15 to 2.80 0.50 0.50 4 Ms Bldg&Kd '4l-'45 J&D20 Hackensack 4Mb 1942.-.F&A 6 0.25 4Mb Imp 1942 J&J 6s 1941-1954 F&A 6 0.75 3s 1941-1966 M&S 6 0.75 Hamilton (Township)— 3Ms sewer 1941-1978--J&D 6 0.75 Hoboken 5s 1941-1954—J&J 1.25 Hudson County— 4Mb 1941-1978 M&N 15 1.75 % 6 0.25 Manchester— 4s Impt 1941-1951 A&O 6 0.15 3Mb Bridge I941-1956.F&A 6 0.15 Nashua 3b H S 1942-1956-J&J 6 0.25 to 2.25 School Gloucester 100 4Mb USD 1941-1965.J&D 6 0.15 Coos Co 1Mb 1941-1950.-J&D 6 0.10 Keene 4 Ms 1941-1942... M&n 6 0.15 to 1.90 6 0.50 6 0.60 . 4Mb 1941-1966. _ Concord— to 2.10 % % to 2.25 ft 0.50 EairviewSa 1944 J&J Glen Ridge— 4 Ms Mun Bldg 1941-70 F&a 6 0.25 Gloucester City— J&J ft 0.50 1941-1955 to 1.90 Essex Fells (Borough)—■ 5s July 28 1941-1960 to 2.00 J&D ft 1.40 1Mb July 1 to 0.50 6 0.35 ft 0.35 . 6 0.40 M&N 6 2.00 July 1941-1948 J&J 4Mb Highway 1941-1943.J&D 3 Mb Refunding 1942-1944 J&J 1Mb Highway 1941-1946 M&S to 6 0.35 ft Elizabeth— 2Ms 1941-1978 M&S 6 4Ms 1941-1957 A&O 5Ms Dec 1 1941-1946.J&D ft ft to 1941-1972 J&J Englewood 5s 1941-1944. A&O ft 6 Essex County— 4Mb 1941-1960 M&S 15 6 4s Hospital 1946 F&A to 1.60 ft 1.20 6 0.60 4Mb 1942-1955 to ft 0.50 6 1.00 F&A 41 to '60.M&N - 4 Ms Wat wks Dec 15 "41J&J 4Mb May 1 1955 York School District— 6 0.50 ft 1.00 Phila-Camden Bridge— 4Mb 1941-1945 M&S 4Mb 1946-1973 M&S East Orange— 4 MB 1911-1969 J&D 5s Sewer 1941-1960 J&J 1.80 to 2.10 to 1.00 ft 0.35 4MB 1941-1959 J&J 6 0.30 North Platte Division— Consumers Pub Pow Dist 2Mb El Rev '41-'65.M&N 6 1.00 Omaha— 4Mb May 1 1958 to to . J&J 5s 1948 1.75 2.90 3.00 3.25 3.60 1.75 2.90 % 1.75 % to __ 1.75 to 1.60 4s 1 to 2.25 /Flat price ft 0.30 ft 1.0L Lincoln School District— 4Mb 1941-1953 M&N 6 0.25 McOook County— 1 0.75 59 Pub Imp 1941-1948.F&A ft 0.50 # Basis. to 1.80 to 0.55 4Mb School 1942-1944 North Platte Sch Dist— ft 6 1.25 5s 1941 & '44.M&N 6 0.50 . to 1.80 to Omaha School District— 2.65 Vlcksburg— 6 0.30 6 0.30 6 0.30 to 3.40 to to 4MB 1942-1969 J&J 4s 1945-1970 1 Ms Poor Relief '41-45M&N Camden County— 4MB 1941-1970 ...J&J 4s 1944-1968 Cape May 4Mb 1941-51..M&S Delaware River Joint Com. to 1.95 ft 0.30 Douglas County— 5s Highway 1941-46.-A&O Holdrege S D 5s 1941-52.J&D "" 1.50, M&N ft 1.60 -...J&J b 2.85 6s July 1 1953 to 1.85 to to 2.50 , to 1.25 6 1.35 ft 1.85 4Mb 1942-1949. ..J&J15 6 0.30 MONTANA 1.75% less 102 100 M&N 6 0.50 6 0.50 to to 1.70 to 2.50 less M b 2.60 b 2.60 Jones Co 5s 1941-1942...M&N Mississippi Levee District— ° 1944 to 1.30 to 0.80 % to 1.10 % to 1.00 % 100 105 Greenville 5s fund '43-'50 F&A ft 1.50 Jackson 53*b 1941-1954.A&O ft 0.50 4Mb Jan 1 1942-1952 ft 0.50 6s May to 1.85 % % % % % % % % % % 0.50 0.50 0.50 0.50 0.50 0.50 Callable bonds Non-callable bonds 4MB 1941-1952 to 2.50 b 0.50 Highway bonds— 6 0.50 ft 0.30 opt 1940 ft 0.75 6 0.75 to 4 Ms Water . 86 M 100 0.50 5Mb 1941-1961 to 1.80 94 K 6 1.75 ft 1.25 Camden— to 2.60 _ to 1.85 0.50 2Mb 6 2.20 6 1.40 to 2.20 to 2.50 Highway 1961-1963 102 2Mb Highway Feb 1 1963 100 1 Ms gen obligref'44-'46--A&0 b 1.00 2.30 2.70 to 2.85 0.50 0.50 0.50 2.50 0.50 b 2.50 to 1.25 J&J J&D to to 2.65 2Mselecrev 1942-46-J&J F&A MISSISSIPI 6Ms Impt 1941-1946 M&S 4Mb May 1 1941-1950 4Mb Impt 1953 J&J 4Mb Flood 1941-1953. .A&O 3Ms Highway 1950-1959.F&A to 2.25 6 0.30 ft 2)20 6 2.25 to 1.75 lMs June 15 1949 opt *44: Daniels County— 93 M 85 M 99 M 2 Ms School 1941-1969.M&S 6 Bogota 4Mb 1941-1946-J&D 6 Bound Brook 4 Mb *41-'42 J&D 6 Bridge ton (City)— 4Mb 1941-1958 J&D 2.85 2Ms elecrev 1947-51-J&J ft 2.40 3s elec rev 1952-1971 J&J ft 3.00 to 1.30 A&O to 2.75 to 1.50 Funding bonds— 4s opt *44. 1942-1953..J&J Highway debentures— 3* M 0.40 0.50 0.50 0.50 1.00 6s School July 1 1951.-J&J 58 Gen'limpt 1942-62..J&J 4Mb Sewer July 1 1943.J&J 4Mb 1941 1959 J&J to to 1.75 less to 2.10 Paul— ft 0.30 ft 0.30 ft 0.30 less to 2.10 6s school July 1 1951...J&J 4MB W W 1941-1942-.A&0 to 2.95 Beatrice S D 5s 1942-54..F&A.ft 0.60 Consumer Pub Power Dist— Central Nebraska Div— to 1.75 0.50 F&A 2.30 to 2.25 6 0.30 to 1.10 to 1.15 3? Refunding '41-'60-M&N Belleville S D 5s *41-'44 M&N Bergen County— 5Ms Dec 1 1941-1942.J&D 5MsDec 15 1941-60.J&D15 5s Dec 15 1941-1955. J&D15 Bl™mfleld4Ms '4K69.J&D15 nebraska 0.60 1M Mar 1 1941-1949--M&H 2Mb 1941-1947 F&A 4Mb 1941-1950 F&A 4 Mb Rd & Bdge '41-*44M&N 4Mb Rd & Bdge '41-'43 J&D to ft 0.30 2Mb 1951-1956.....M&N ft 1.40 1954-1958 F&A 6 1.40 less b 0.50 b 0.50 — ft 0.30 6 0.30 M&N 6 0.40 •n less 5s 1941.1943.1945. 1946, 1.00 0.50 3.00 Great Falls— 4Mb Wat & Sew '41-*50.J&J 6 0.65 to 1.40 Minneapolis— 0.50 0.50 to A&O ft 1.20 6s 1941 Hennepin County— 1947,'48. *49.'50--J&D 4MB 1941-1952 A&O 4s 1944 A&O 3Ms 1941 M&N 3s 1941-1959 A&O to 1.65 2s to 1.60 4Mb Sanitorium '41-'42 J&J b 0.50 4Mb Hospital 1941 M&N b 0.50 Belleville ft 0.85 J..J&D 1^8 School 1941-1966.F&A o to 1.15 „ % to 1.90 ft 0.30 % 0% ,30 1943-1950, Atlantic City— 3s-4 Ms Jan 1973 Water 4s-4 Ms Jan 1973 Atlantic County— * 4J*8 Bridge 1941-1957-A&G Audubon (Borough)— 6s July 1 1941-1944 3D 4Mb 1941-1955...M&S Bavonne 5s 1942-1949 J&J 4MB 1941-1955 F&A to 1.90 ft 0.40 to 0.50 J»n 1942. Relief— 1943 Asbury Park (City)— Refunding 4s 1966 to 1.80 Public Bldg & Impt— 3 Mb 1942-1955 A&O 6 0.25 2.00 to 1.20 1.85s Rural Credit ctfs 1941b 0.40 2s Rural Credit ctfs 1942 b 0.50 Duluth 4Mb 1941-1947---J&J b 0.30 4r 1941-1946 J&J b 0.30 ft 0.40 6 0.40 to 0.25 6 0.25 A opt 1942 opt to 1.80 ft 0.25 6 0.25 Springfield 4Mb '41-*49-.M&N University City— 4Mb 1942-1943 M&N % -i-_ MINNESOTA 3 Ms July 151943 .J&J b 0.50 23* trunk h'way '47-51..M&N b 1.10 ft 0.40 1Mb 1948-1955 3.50 1.25 to 2.50 1943-1956 Net 6 0.15 1943 to h 1 Ms ser B to 1.30 3s School 1941-1954...F&A 2s Feb 1 1958-1959 F&A ft 1.65 s25 to 2.00 to to 1.85 43*s 1943-1947 J&J 3s 1948-1954 .J&J 2s 1955-1961 J&J Kansas City School Dst— 4s 1942-1951 J&J 4Mb 1942-1950 J&J 4Mb 1942-1950J&J 4Mb 1946 J&J 3Ms 1942-1951 J&J 2Mb 1945-1955 J&J St Joseph 4Mb 1941-'45..M&S Refunding 4M« May 1 1961 St Louis 4Mb 1942-1953 F&A 4Mb 1942 1948 M&N 4s 1942-1951 __M&N 1003* 4Mb School June 1 1955 • rt Huron 4Mb 1942 Saginaw 4Mb 1941-1949 .F&A b 0.75 4Mb Sewer 1941-1951 J&D b 0.75 Wayne County .Covert roads. b 1.00 4Mb Airport April 1 1948.. J&J ft 0.70 , to 1.20 Water Works Ref series B 2.00 % to to 0.70 4Mb Various May 9 '42-72 4Mb Jan & July 1942...J&J 4Mb 1942-1955 A&O 4Mb Airport 1942-54..A&0 4s Airport 1942-1071.-M&S 3Ma 1942-1974 J&J 3Ms 1942-1974 F&A 3 Ms 1942-1955 A&O 3s 1942-1957 J&J 3s 1954-1975 M&S 2MB 1958-1975 ...J&J 2Mb 1956-1975 —A&O 1Mb 1949-1960 M&N to 2.95 J&J Refdg 3Ms 1961-62. M&N Rfdg3Ms 1941-1952.J&J 15 Rfdg 3 3*s 1953-1962. J&J 15 3Ms Jan 1 1953-1963..J&J 4s 1941-1950_ A& O 15 4s 1941-1960 4s Jan 1 1941-1953 to 1.50 Jackson County— 4s 1942-1951 J&J 4Mb 1942-1950 J&J16 4Ms ly49 J&D 4Mb Road 1942-1952..J&J 4Mb Court h'se '42-*52 J&J Joplin (School District)— 4Mb 1943-1948 Kansas City— 2.95 % 3 Ms Oct. 1 1951 33*s 1942-1950. Ret 3s 2.90 to to 1.40 to 1.05 3s State Bldg Buchanan County— Ask Unemployment 1 Ms ser A 1942-1949, to 1.15 J&D ft 1.35 1942-1944.F&A ft 0.25 1941 to 1942 Jan 1942 to 1.35 M&N ft 1.20 .J&J ft 1.15 To Bid Emergency—-Concluded 3 Ms May 2.50 4Mb Road 1942 3s Road 1963-1967 to 2.75 0.25 s to 2.50 M&S ft 0.60 A&O ft 0.70 Road 1944-1948 4s Nov 1 1948 1952 3 Ms 1948-1952 2.20 2.90 Bonds N .M&S ft 1-25 -'ft 0.60 M&S 4s 0.25 General 3s Oct 1 1959-1962 Water 2Mb Oct 1 1941-1962 Refunding bonds— 2 Ms 1951-1963 .-J&J 3s Dec. 15 1952-1956 or Net Ed Aid 4 M MISSOURI Road 1948-1950. M less M lesslM lessiM lesslM lessl3* 3.00 - Ask ! less 0.25 5s non-callable.. Water 4s Bid Yazoo-Mlss Delta Levee Dist6s 1951-1954 M&N ftU.50 4Mb July 1949 J&J ft 2.60 Yield Basis To or Net Dearborn 4Ms Sewer ^ft-'fil-'Sfl-A&O b 2.00 to 2.75 % Detroit— General 3 Mb callable (Long) 101 M 4s BONDS possible for the closing day of the month preceding the date of issue to 3.00 ft 0.50 to ft to 85 90 Par 1.7 c 97 993* 6 0.25 to ft 2.00 to 6 0.50 to 2.20 % Par 6 0.50 1.15 to 1.70 6 0.75 to 2.40 ft 0.75 to 1 % 2.25 % 0.5( 1.11 6 0.50" to 2.6 0% 0.4( 1.4 0% 6 0.25 to 6 0.50 to 0.75 6 0.50 to 3.00 99 100 Newark— 6s 1941-1972 M&8 6 0.75 6M" Oct 16 41 to'59 A&015 6 0.75 5b 1941-1958 ...J&J 4Mb 1911-1983 F&A 4Mb School Dec 1 *45..J&D 48 Sch house 1959 opt 1949 4s Pas Valsew'61 op 51J&D 4s 1941-1970 J&D 3Mb Track elev 1954.. F&a 3 M« 1941-1966 M&N 2Mb Jan 15 1942 1976..J&J to 3.00 % to 3.00 6 0.75 to 3.00 6 0.75 to 3.10 % 1.63 2.3; 2.5' 0.75" to 3.00 6 "d.75" to 3.00 6 1.00 to 6 % 1 2.6' 2.90 AND MUNICIPAL STATE Feb., 1941] Quotations for all securities are as near as possible for Ask North Arlington (Borough i— Refunding 4s 6 100 t North Bergen ref 48-4MS--— 96 Nutley (School District)— 4MB 1941-1942 F&A 4MB 1943-1967 F&A Ocean City 5s 1944 F&A 454s Impt May 15 194l-'66. Ocean Co 4Mb 1941 50-J&D Orange— 4Ms Sewer 1941-1964.A&O 3s Canal 1957-19593s Mar 25 1941-1987 to 2.40 to 2.80 o 98 & o.50 to 1.00 b i.i5 to % 2.85 25 b 2.50 b 1.00 b 0.75 3.90 to 1941-1951 5s Impt 19414948 -d&DTb M&N 4)^8 Refunding 1944—M&N 4Mb Water 1941-1970--J&J Passaic County— 4 )4s 1941-1946 J&J 4MB 1941-1968 J&D 2)4819-54 0.75 to 2.00 b 0.75 to to 1.50 b 0 50 to ^ 0 50 to 1.80 to 1.10 to b 1.75 to b 1.75 to 4 .25 b 3.00 to 3.25 0.25 2.25 to to to 0.50 0.60 to 0.50 to 0.90 —J&D 1.70s 1 to 1.60 % 0.25 to 2.20 1941-1968—....M&N 1942.. F&A 0.25 A&O 6s 1941-1962 4)4s 4)4s to 0.25 b to 1.00 1941-1969 1941-1968 Summit— 4 )4s Imp & sch '41-'60_ J&D M&N Union City 4Mb '41-64—J&D Union County— —(" 4)4s Oct 15 1941-1952 4)48 Rd&Bdge'41-'47.F&A 4« Oct 1 1942 % to 2.65' % % to to 2.60 0.75 to 2.90 0.75 to to 2.85 100 to 0.75 3 .40 0.25 to 0.25 .—A&O to to i 1.65 .40 to 2.80s Gen Impt B June 1 1950-1965 to b 1.00 to to 8)4b 1941-1951 opt *40. A&O 3)48 1941-1979 J&J 0.75 5s June 15 1941-1960-J&D 1.00 NEW 2.00 H way deb 1944^5-M&S 1946-1951 J&D H'way debs 1951-52.A&O H'way debs 1953-54.A&0 Albuquerque— 5s Water Works 1962..J&D 4)4s 1941-1950 J&J 4)4s 1941-1950 J&J 2.00 Middle Rio Grande Oonser Diet 5)48 1941-1973._F&A Socorro Co5e 1941 op'21. A&O NEW 4)4s Highway 1963— 4)48 Canal 1964.... Ts Canal 1965 Highway 1965 (s Bar ;* Canal 1945 ]s Bonus 1941-1949 ls 78 1.25 to to 1.75 1.20 to 1.90 to 1.40 3s Berlal to 1.60 3s corp stock Feb 1 1979-. 100)4 101)4 3s Water 1941-1970- —A&O b 0.50 to 3.05 % Transit Unification Issue— 96 100 to 0.90 1.00 to 1.95 % % 1.85 M&S J&J 1.85 J&J 1.85 M&S J&J A&O 1.80 0.90 b 0.15 to 1.15 <T°35 0.95 0.20 to 2.00 0.25 to 2.45 0.20 to 2.40 0.20 to 0.20 to 1.70 2..0 to 0.20 to 1.65 0.20 to 1.40 0.20 to 1.40 0.20 to 1.05 1.20 to 1.45 1.70 4e Hlghw Imp Mar 1961 M&S 4s Palisade Park 1961—-M&S 0.70 0.20 to 2.30 1.50 0.20 to 2.00 0.30 to 1.75 0.20 to J&J 1967—J&J Imp Mar *67—M&S Park 1967-.M&S 4s Bldg conatr '41-'49 M&S 4s Apr 15 1941-1955 A&O 8Mb Mar 15 '41-'81-M&8 15 8Mb Mar 15 *41-'81-M&S 15 3)48 1941-1949 M&N 15 8s g Canal Jan 1 1956—.J&J 3s g Canal July 1 1958 —J&J Ss g Canal Jan 1 1959 J&J to 1.75 ,to 2.80 to 2.25 1.00 to 2.20 0.75 to 2.00 Par ito 2.75 Par to 3.35 1.10 to 2.80 0.85 .M&8 1.00 0.25 to 1.30 1.00 to 2.80 J&J 1.00 to 2.85 0.70 0.75 0.60 1.00 a % % % 1.90 % 1.15 % to 1.60 to b 0.10 to 1.25 % to 2.00 to b 0.25 to 1.80 0.40 0.25 M&N b 0.25 % 1.25 % 1.25 % to 2.00 % to 1.00 % to 1.25 % to 1.75 % to 0.50 % to 2.10 to 2.50 1.70 0.25 0.25 to 2.65 to 0.90 0.25 to 0.25 to to 1.10 1.40 1.50 0.25 1.70e 1941-1968 0.25 J&D 1.10s ser A 1941-1950. -J&D 0.20 1.10s ref 1944-1951 J&D b 0.70 Ontario Co 4s 1941-1951-M&N 0.25 0.25 Qssining4Ms 1941-1942.M&S 4Ms Water 1941-1969.A&O b 0.25 to 2.00 to to 2.05 Oswego 5 Ms 1941-1946. M&N 6 0.25 Oyster Bay Water District— 4s 1941-1950. J&J 6 0.25 0.70 to 2.00 Pelham 0.35 to 2.00 - No 1 to 2.00 to 1.25 to 1.25 to 1.40 to 0.50 to 2.60 Vo to 1.60 % Dist 6 1.25 to 2.50 6 0.25 to 1.50 r to 2.00 6 0.25 to 1.75 1.40s 1941-1960--. M&N Port Jervls 4Mb 1942-'69.J&J 6 0.50 Port of N Y Authority— to 2.85 Vo 1.20 4s School 1941-1959—.M&S 6 0.25 97 97 J&J b 1.00 (T) Un Fr Sch 4.60a 1944-1966. Poughkeepsie 4Mb '41-52 J&D to 2.40 General & refunding— 4s 1st series % % 1.00 to 2.50 to 2.85 1.00 1.00 to 1.15 Monroe Co 4a 1941-1944 F&A 3.90s Co Bldg '41-'50—F&A 0.70 0.70 to 1.25 J&J 0.60 to 0.85 4mb 1941-1943... ...A&O 4Mb School 1962-73-.M&N 4s Sewerage 1950-55.. M&N 2M» 1941 to 1956 M&S 3« 1941 to 1946 M&S 0.75 to 1.40 2.80 2.50 to 0.60 to 2.50 Aug 15 1977 3s 6th ser Dec 1 1975— Inland Terminal— 4 Ms series D 1941. _M&S 4M sser D 1942-1960-M&8 Holland Tunnel — 4 Ms series E 1941..-M&S 4 Ms ser E ^-'eO.-.M&S Putnam r0 4 Ms *41-'51-A&0 4s 1941-1954-' F&A 0.75 to 1.60 Rensselaer 1mb Jan 15 1942 May to 3.00 to 1.90 3.30 to 2.90 3s M&N 0.75 to 1.25 A&O 0.50 to 1.15 J&D J&J 0.50 1.10 0.60 to 1.50 to 2.50 )&A b 0.60 to 1.85 July 1 1941-1964..—J&J 3s 1941-1950 3.40s July 1 1941-1945-J&J 2mb 1940-1956 2mb 1941-1957 F&A 2.40s May 1 1941-48—M&N 2 20s 1941-1959 M&S 4Mb Pub Imp '41-'68-F&A Ms 1941-1959...... M&S 4s Imp Sch &c '42-'47-J&J 2Mb 1941-1957 ..M&S 1.70s 1941-1948 F&A 1MB 1941-1950 M&S 4 to 2.40 b 0.60 .. to 1.20 b 1.40 to 2.15 b 0.50 to 1.60 2.35 b 0.50 to b 0.80 to 2.40 % .M&N b 0.80 M&N b 0.70 to 2.00 % 4mb 1941-1965 2Mb 1941-1947— 6 Basis. /Flat price. 105 M b 0.25 — % 105 M 6 0.40 to 1~75 6 0.40 to 1.90 6 0.40 to 2.20 to 1.85 1.75 6 0.25 to 6 0.25 to 1.90 6 0.25 to 1.00 6 0.25 to 6 0.25 to 6 0.25 to 1.60 1.00 1.10 to 1.00 to 1.20 to 1.00 % J&D 0.40 to Rome 4.10s 1941-1950—M&N New Rochelle— 125 125 b 0.25 0.25 to 1.50 Par to 1.10 1.75 % % % Rye & Har'son Un Fr 8 D No 6 4.40s 1941-1953 F&A 6 0.50 to 2.25 „ 4s Wat Impt 1942-1963.J&J 5sl941-1950 104 M 100 h 1.20s Jan 15 1942-1950 J&J 6 0.25 ls 1942 1930 ......J&J 6 0.15 Rockland County— 4MB 1941-1945 M&S 6 0.25 Rockville Centre (Village)— to 2.25 b 0.50 103 M 101 Rochester 5s 1941-1962--F&A 6 0.25 Newburgh— _ — County— 4Ms Highway 1941-58-F&A Nassau County— 5s 1941-1943. 4mb 1941-1944 4s 1941-1947 3)4s 1944-1961 1 1975 al04M 3 Ms 3d series Mar 1 1076 3s 4th series Dec 15 1976 3 Ms 5th ser _ Mount Vernon— 125 Called for redemption, see, page 111. to b 1.90 b 0.25 - 1.00 to 1.90 b 0.10 % 2.75 % b 0.25 1941-1949 Mamaroneck Un F S D No 1— 5Ma May 1 1941-1952.M&N :L90s 1941-1964 J&J Middle port 4.35s '41-'42.J&D MineoJa (V) 4 40s 1941-68 J&J to 1.15 b 0.15 to 2.70 0.25 to 2.20 1.80 b 0.10 % Ref 1.90s 1941-1957..-F&A 2.10s Feb 1 1941-1968 to 2.85 1.80 4s Palisades 1 2.40s 1941-1967 to 2.75 1.80 4s Highw 7o 2.40 % 2.50 % 4Ms Water 1941-1964-A&O b 4Mb 1947-1972 J&J'6 Oneida 4s Water '42-'45.-J&J b Onondaga Co, 4 Ms '41-47A&0 b to 3.00 1941-1965 b 2.60 M&S b 2.65 M&S b 2.85 Niagara Falls School Dist— 4Mb 1941-1960 F&A 6 0.25 Hempstead 3 D No 7— 4 M« 1941-1942 J&D b 0.25 to 2.85 0.75 1941-1954 0.35 u.oo to 2.40 b 2.50 3-70s'l941-193l. "—A&O 0.85 J&J % 3.00 •% to 3.05 % North to 3.50 1942-1967. % % % North Tarrytown— 1.20 1.80 b 0.15 . 2« Mar 1.00 1.75 1.75 1.80 1.70 Imp Jan 1.90 1.80 M&S b 1.00 — Niagara Falls— 5Ms 1941-1948......M&N 4.15s Sewer 1965-70.-M&N 4.10% Sewer 1942 1950 J&J 4 Ms Wat May 1 41-48M&N 3.95 Nov 1 1961-1970-M&N 3 Ms 1942-1945 M&N to 1.60 1.00 1 70 M&S 1941-1959 M&n 1.70 1.70 4* Canal 4)sl91-63 to F&A to ... 2Mb 1942-1952 2M*s Mar 15 1953 2Mb Mar 15 1954 2Mb 1955-1957 3s 1958-1960. Chester— 1942-1958 J&D b 0.50 19*1-1973 to 2.80 % 105 M to3.10 to 3.10 to 2.35 101k to 2.95 NYC Housing Authority— 2s Mar 15 1941 b 0.60 to 2.25 1.65 4b Canal Imp Jan 1961 J&J 48 Canai Imp July 1961—J&J 1962 —M&S 103 M . 2.20 0.30 1.70 4s Highw Imp Mar 1962 4s due Sept 1 1965 4s due Jan 1 1966 1947-1954 & 2.45 3% corp stk 1980---J&D 101H 101M 2Mb 1941 1979 —J&J15 b 0.50 to 3.00 % 2Ms July 15 1969 J&J 98M 100 2Ms 1941-1970 F&A b 0.50 to 2.95 % 2Ms 1941-1970 J&D b 0.50 to 2.95 2 Ms 1941-1953 J&D b 0.50 to 2.50 % 2Ms 1941-1979 M&N b 0.50 to 2.85 % 2Mb Serial 1941-1946.F&A b 0.50 to 1.60 % 2M8 assessm't 1941-44. J&D b 0.50 to 1.20 % 2.50 0.15 1.65 High Imp Sept 1958.M&S 1950-1953. -M&N 3 Mb Corp stock July 1, '75. 3 Mb Aug 1 1941-1978.F&A 3 Ms serial 1941-1979—F&A 3s Rap Trans 1947-51 __F&A to 2.00 F&A 4mb 1941-1964 4s High Imp Mar 1960— M&S 4s Canal Imp July 1960—J&J 4s Canal Jan 1941-60 Lackawanna 4mb '41-'54M&n Long Beach 6Ms 1953.. 6s 1947 Beach acquisition.. Mamaroneck (Town)— 83 4s Canal Term 1942 J&J 4s Canal Term Jan 1946.. J&J 4s g High Imp Mar 1958.M&S g 1.90 to Jamestown 4s Mar 20 '43 A&O 128 to 3.00 0.15 1941-1945 5s Jan & Mar 1946-1970 4s to 4.70s to 2.50 1.00 2.65 2.65 109 M 109 M 0.20 Huntington (T) 4s '42-'52-J&J Isllp 4s 1941-1951 M&S Ithaca 4Mb 1942-1954....J&J 2.00 1.00 110M 0.20 Hornell 4Mb 1941-1947—F&A Hudson Rlv Regulating Dist— 4Mb 1941-1965 J&J YORK 5s Jan & Mar L . 123 109 b 2.80 b 2.75 108 108 b 0.50 b 0.50 b 1.95 3s corp stock Jan 1 1977 J&J 100 k 3s Serial 1941-1968— J&J b 0.50 3sserial 1941-1969 M&N b 0.50 6s 1.25 b 2.60 2.70 2.75 b 2.85 to 2.15 Hempstead Un F 8 D No 1— 1.75 b to 2.45 0.20 2.30s 1.50 2.60 to 2.70 2.40 - Hempstead 4Mb 1941-65 M&S 1.75 2.50 3.10 0.50 2.25 2.70 2.80 J&D b Harrison (Town)— 4mb 1941-1980 F&A Hempstead (T)4 Ms'41-59 A&O 2.00 2.25 2Mb 2)4s 2)4s 2)48 1.30 Garden City 4Mb 1941-52.J&J Greenburgh (Town) 4s 1941-1951 -J&J 6 Greenburgh U S Sch Dist No 9 4.40s 1941-1965 .J&D Groton 6e Wat 41-'50—M&N 1.50 2.50 1.70 to 4.20sseuer 1946-1960. M&n 4Mb 1941-1951 M&N 4.40s 1941-1950 .M&N MEXICO 2.25 to 0.15, 3.20 b b b b b . 1.10 J&D 15 4.20s 1941-1945 to 2.40 [s H'w'y deb *46-'47—M&N Cs H'w'y deb '48-'49—M&N Ian 1 & July 1 1949-1952— 0.20 '75 3Ms Coro stock 1941-1954. 3 Ms R T 1948-1950.-M&N 3Msg exempt 1952—M&N 3 Ms g exempt 1953 M&N 3Ms g exempt 1954 M&N 3 Ms g Water ex 1954. M&N 3 Ms exempt 1955 M&N 3 Ms stock Apr 1,1954-A&O 3 Ms Corp stock Mar 1. 1960 3 Ms Corp stock Jan 15,1976 3 Ms roe Corporate stock Free port— to 3.80 b 0.50 1.70 J&D M&S 1941-1947.. 1.90s Feb 15 1942-50.-F&A Essex Co 4s 1941-1956 M&S b to 3.80 1.00 1.40 to 0.20 |to 2.25 0.20 to 1.60 4a 1945-1953 2.90 March 1 to 2.20 5s School to 0.20 J&J15 b 0.50 2.30 2.20 4mb to 2.20 0.25 0.20 J&J b 0.50 1911-1963 to Par 0.25 4)4s 1941-1966 A&O West New York— 4M» Oct 1 1941-1968—A&O 1941-1961—M&N West Orange— Gen ref 3)4» 1941-9959 A&O to 3 Ms Corp stock July 1 M&N 1959 to 2.05 to 2.90 0.75 Westfield— to 1.80 Elmira 4 Ms 1941-1945--A&O Erie County 1.90 (Borough)—L> serial 4s 1911-1954. 1.25 East 3.60 5)4« 1941-1950--.-—-M&S b 0.50 Weehawken— May 4s b 0.20 4s 2.20 Vlneland 4s 1.80 115 115M 115 k 116 to 3.10 to 2.85 b 0.20 4mb b 1.65 Union Township Sch Diet— 4)4s 1941-1968 --I-.J&J 1.80 to 1.35 0.20 (City)— 1.60s 1941-1964--.---J&D Cortland Co 4Mb '41-'51.J&J Delaware Co 4.20s '41-"52A&0 Dutchess County— 4s 1941-1946 M&S 2.70 to 2.40 1.00 to to 114)4 113 M&N 0.20 Cortland 2.80 0.75 b 113 M 113M 114 0.20 J&J 3M* 1941-1964 —-J&D 3Msser F 1941-64—M&n Columbia County— 4mb 1941-1959 A&O Corning 5Mb I960 M&S to 2.40 0.75 to 1.85 112)4 0.25 Sewer Authority— 4s 1942 1964. % % 2.10 % 2.85 % 0.75 4s Various May 4s Nov 1958 M&N A&O 2s to 1.10 to 0.20 M&N M&N 1957.M&N 1956 0.20 2Mb Ref 1941-1951—J&D 0.20 2.60% Relief 1941-45—J&J 2Mb Oct 15 1941-56.-A&O 0.20 2.20s Jan 15 1942-1947-J&J 0.25 2.10s 1941-1949 -J&J b .020 2s 1941-1959 —-J&J 0.20 1.10 % to 2.60 0.40 1.90 to Various J&J 3.40s Nov 15 '41-'55-_M&N 3.10s Oct 15 1941-1946 -A&O 3.65 % to 2.65 — _ 4s Nov 1955 1.50 0.20 -M&N 1941-1967 4s June 15 1960 4s 1941-1958 to 2.20 A&O 0.75 2 54 s gen fd & ref '41-68 F&A '-0.75% 2)4s ref 1942-1966 A&O " to 0.60 F&A F&A 4)4s 1941-1966 4)4s 1941-1960 3s 1941-1970 to 0.40 Impt 1941-1955—M&N Tenafly 454 s 1941-1963—F&A Trenton — 5)4s 1941-1951 A&O 5e School 1941*1955 A&O 4s to 4s 1.60s 1941-1958-F&A 5Mb 1944 1.50 % 1.70 % 0.25 M&S Sussex Co 454® '41-'44 to 1.65 0.20 J&D 1941-1979 5s 1941-1950 0.25 J&J b 0.50 —M&S y 0.50 J&D ® 0.50 J&D 1.90 0.25 Buffalo— Terminal— 4)4a 1941-1973 0.75 2.10 Bingham ton— 4HsOcl 1 1941-1971—var. 2s Marl 1941-1956 4Mb South Orange— 4sl941 to 1944 1941-1960 4s 1941-1972 80 J&D - Albany Port District— to 2.25 1941-1949 0.95 Unemploym't Relief— Auburn to. 2.25 4)4s 1941-1952 J&J South Jersey Port District—- — to 1.65 0.15 % 0.25 Sea Isle City 5s 1.60 to 1.75 0.10 July 6 1941-1962—J&J Sept 10'41-46_M&S 10 1.40s I°25 0.50 (Borough)— Somerset County— 1.20 to 0.15 % 1941-1953 M&N Bidgewood 4 )4s 1941-62. M&N 4Mb to — Albany (City of)— 4M 1941-1969 M&N 4M 1941-1970 J&D 2.65 % 4s Munic & Sch '42-'63_J&J 1.40 3H 1941-1971 J&D 2.70 % 2Mb 1941-1953 .M&N 2Mb 1941-1978 M&S 3.00 2% 1941-1955 M&N 3.90 % to b 0.50 1.70 to 1.70 2.70 % Pater son— 5MB 1941-1959 M&N 4Kb Feb 1 1945 F&A 4)48 1941-1967 A&O Perth Amboy— 4Mb April 1944 454s Water 1941-64—M&S2 5s Feb 1941-1977 F&A 4Hsrefdg 1944 &'46..F&A Plalnfield 4s School 1959 M&N 4>4s 1941-1962 Various.J&J Rahway 4Mb 1941-1953.J&D f°60 2.80 % b 0.50 to 1.90 Sept 25 '41-'43—-M&S Sept 25 '44-'45. -M&S 1 Mb Sept 10 1944-1946— Albany County— 4MB 1960 M&S 2 Ms refunding 1942-'57.J&J % 2.40 % to b 0.75 --J&J 125 M&S b 0.10 b 0.10 b 0.10 b 1.50 b 0.10 b 0.15 to 2Mb 1Mb Emerg 2Mb 2 Mb Ask City— 4 Ms June 1965 J&D 123 h 125 k 4Mb 1963 M&S 12254 124 k 4Mb May, 1957 M&N 119M 121M 4Mb Nov 1957 M&N 119)4 ^21k 4Mb Dec 1. 1979 J&D 129 131 4Mb Corp stock 1967—J&J 124)4 126)4 4Ms Corp stk 1971 J&D 15 128)4 130 4 Mb July 1, 19 U to 1955. b 0.40 to 2.95 % 4Mb Jan 1, 1977 J&J 122)4 124k 4Mb I960 M&S 118 120 4Mb Mar 1. 1962 M&S 118M 120M 4Mb Mar 1, 1964 M&S 119)4 121)4 4Ms April 1,1966 A&O 119k 121k 4)4s Apr 15,1972—A&015 120>4 123% 4 Mb Rap Tr & Wat '74 J&D 121)4 123 k 4Mb Feb 15. '41-'61.F&A15 b 0.40 to 3.05 % 4)4s Feb 15. 1976--F&A15 122)4 124 M 4MsNovl5,1978-M&N15 123)4 123)4 4Mb Mar 1, 1981 M&S 124M 126M 4s Oct 1,1980 A&O 118M 120M 4s May, 1977 M&N 117M 119M General State Improvement— to 3.15 to 2.90 — or Bid New York 2Mb Dec 8 1941-1987--J&D b 0.20 Unemployment Relief— 2Mb July 6 1911-1947—J&J b 0.10 95 554s General improvement Marine To Net 2Mb 1941-1969 M&N 15 I Ms 1941-1979 A&O iy2s 1957-1961 F&A 1Mb 1941-1965 F&A 1Mb 1941-1980 J&D4 Eliminat'n of Grade Crossings to 2.75 Passaic— 4)4s Ask N Y STATE (Concluded) 4Mb 1941-1957 F&A & 0.50 4Mb Sch & wat '41-'69-J&D b 0.50 4Mb 1941-1967 J&D&0.50 4)48 Bid Bonds Net New Brunswick— Red Bank I or To or Bid Yield Basis Yield Basis Yield Basis Bonds 97 BONDS the closing day of the month preceding the date of Issue M&N b 0.75 M&n b 0.25 to 2.50 % to 2.75 to 1 % 4.15s 1941-1952 _ 1.80s 1941-1945 M&N % STATE AND MUNICIPAL BONDS 98 Quotations for all securities are as near possible for the closing day of the month preceding the date of issue as Yield Basis Yield Basis or b 0.25 b 1.00 Saratoga Co 4 Ms '41-55-M& S 4s Sept 1 1946-1954 M&S Scarsdale 4Ms 1941-45—J&D Schenectady— 4.30s 1941-1948 J&D 4.15s 1941-1960 a&o 4s Oct 15 1941-1944--A&O 2 Ms 1941-1955 A&O 2.20s 1941-1950 M&S 1.80s 1941-1950 M&S Ask Bonds to 2.00 Greenville 5s W W 1958 .F&A Guilford County— to 2.00 6 0.25 to 1.00 6 0.25 to _ 4Mb 1941-1957 M&N High Point 4Mb 1942-48.J&J 5s Wat Serv 1941-1968 J&d Refunding bonds— 4Ms 1942-1951 m&N M&N 2.00 3.50 3.50 to 3.60 6 1.00 to 3". 10 0.50 to 2.10 r to 1.00 Lincoln County— to 2.25 6s Ref Nov 1950 Pitt M&S 6 1.50 to 1.75 1.00 to 2.85 6 0.20 58 Impt June 1 1944.-J&D 4Ms 1941-1967 A&O to 1.80 4s M&N M&N 2.00 to 2.40 2.30 to 2.60 A&O 2.50 to 2.70 5s to 1.00 to 2.00 to 1.00 to 2.10 6 0.25 1951-1956 3s 1955-1970 Randolph County— to 1.75 6 0.25 1.00 2.50 sewer bonds 5s 1944-1947___ J&J 0.80 to 1.80 2Ms 1948-1970. J&J 1.60 2 Ms 1971-1980-... .-J&J 2.45 6 0.20 to 1.10 6 0.20 to 0.90 1972 J&j Wilmington— 5s Ref & Impt 1955 A&O A&O 4Mb 1941-1962 4 Ms Pub Imp 1942-60-J&J to 1.60 % to 2.40 z° 1.60 to 2.25 2.20 to 2.30 5s Farm L*n 1942-45&'50 j&J 6 2.50 5 Ms 1945 & 1948 ser O—.j&J 6 2.50 4 Ms July 1951 & 1955 J&J 6 2.50 1.50 0.50 4Mb 1941-1958 m&N 15 4Ms 1941-1973 J&j 4s refunding 1948-56 j&J 3s refunding 1956-68 J&J Winston-Salem— 2,75 to 2.20 , to 2.30 to 3.00 Sept 1942-1947 M&S to 2.75 to 2.60 Sewage Dis 1941-65-m&N 6 3.00 2.50 4s to 1.30 Forks ohio to 2.10 (See footnote •) to 1.50 Akron 5 Ms 1942-1951 j&J 5s Water 1941 1963...A&0 ------ 1~60 to 0.90 4Ms 1941-1947 4 Ms 1941-1952 to 1.80 4 1.00 to 2.90 0.75 to 2.40 1.00 1.00 A&O J&J 6 0.20 J&J 6 0.20 to 1.00 to 0.80 95 ^ to 2.40 to 2.60 % % to 2.40 % 4Mb Co Bldg 1941-44.-A&O 6 0.25 4Ms '44. '45. *56 & *69 J&D 6 0.80 to 0.80 % 4a Co Bldg 1941-59—M&S 6 0.25 4s June 1 1959-1964 J&D 6 2.10 to 2.10 3Ms 1941-1951——J&D 6 0.25 3 Mb 1952-1980 J&D 6 1.90 3 Ms 1941-1963 —J&D 6 0.25 2s 1941-1951 J&J 6 0.25 to 2.35 % % to 2.20 % to 1.90 % to 2.25 % to 2.20 VO .4\J to 1 .75 % White Plains— f&A 6 0.25 2Ms Sept 1 1943-1949 to 2.30 to 2.25 6 3.75 to 3.10 to 3.10 to 3.10 to 3.00 to 2.85 .. 0.50 to ... A&O 6 0.50 to A&O 6 0.50 to 1.00 2MB 1946-47-1948 2Mb 1941-1948 7b 1948-1949 iMs 1942-1943 lMs 1943-1946 A&O 6 1.00 J&J 6 0.50 to 1.20 to to 0.75 0.60 1.90,% % % 0.60 to 2.00 0.60 to 2.20 0.60 to 1.85 0.60 to 2.00 1.00 0.60 0.60 0.60 J&D to 1.90 to 2.20 to 1.80 to 1.80 to 1.85 to 2.75 M&S 0.25 0.25 0.25 0.25 —F&A F&A F&A Columbus School Dist— 5s 1943-1952 J&d 19 6 1.00 Cuyahoga County— 4Mb 1941-1944 4 Ms 1941-1943 to 0.90 to 2.25 to 1.90 to 2.00 to 1.90 to 2.00 Dayton— 0.50 to 1.25 0.50 A&O A&O to 1.00 1941-1948 4M« 1941-1970 4Mb 1941-1979 3 Ms 1941-1959 M&N 6 0.50 to 1.70 5Ms W W Imp 1944—J&D 5s W W Imp 1945 f&A 0.25 4Ms Bdge 1941-1951—M&S 0.25 4Mb 1941-1961 M&S Dayton School Dist— 5s Mar 16 1941-1940.M&S1O 6 0.75 6 0.50 6 0.50 to 2.30 East Cleveland— 6 0.50 to 2.10 3s 1960-1977 F&A 6 2.10 M&N 6 0.50 to 2.20 l-4s gen ref July 1 1976 54 55 56 57 M&N M&N F&A to 2.30 0.20 0.30 4Ks gen impl941-43—A&O Elyria4Ms 1941-1952—M&S 4Mb 1942-1966 6 0.50 to 2.30 1941-1946——J&J 0.25 Hamilton County— 4 Ms 1943 F&A 4mb Sewer Oct 1 1941-*47— 6 0.50 5s Water 6 0.50 to 1.30 Lakewood— 2MB 1941-60 5s to 2.10 Durham— J&J 1941 to 1945-J&J County— 4Mb 1941-1951 J&D Forsyth Co 4Mb '41-'58_J&D Durham 6 0.50 6 0.50 to 2.00 6 0.75 to 2.75 F&A 6 0.75 to 2.75 to 2.20 Greensboro— 5s Water 1942 to 1.90 to 2.30 W „. to 1.50 to 0.75 to 2.10 to 1.60 4 Ms 1941-1965 J&J 0.75 2%0 4s Water Works 1954--J&J ReTg 8 Ms 1957-1962- J&J 6 2.5*0 % to 2~60 to 1.60 ^ 4Mb Oct 1945 A&O 5s Papk & Imp ^l-Ml-A&O 0.25 to 0.50 Lima 5 Ms Sewer 1941-1947— 0.50 to 1.90 5b Sewer Feb 1 1941-51 F&A 0.50 to 2.30 Lucas Co 4s C H 1944—M&SJ _ Mahoning Val 8an Dist— I 4Mb water 1941-1952—A&O[6 0.25 to 2.10 % Martin's Fy5a 1941-*44.M&S 6 0.50 to 1.00 % 0.90 to 2.00 to 2.30 to 1.65 to 1.35 91 93 pennsylvania 4Kb 1941-1962 a&o 1.25 to 2.50 J&j F&A 0.75 to 2.15 Bridge 1942 0.85 to 2.50 1941-1958 m&S 0.30 to 2.25 2Ks Dec 1 1941-1965—j&d 2 K Apr 1 1941-1967..A&O 0.60 0.70 to 1.90 2 Ms 1941-1968 2 Ms 1941-1961 j&D 0.70 to 2.00 F&A 0.50 to 1.80 4s 4s 2 Ms May 1 Allen town— 0.50 1941-1970 4 Ms Sewer 1941-1959—j&d 5 0.80 to 2.00 to \ 1.85 to 1.80 Altoona— 4 Ms Water 1941-1960-m&S 5 0.85 Bethlehem School Dist— to 2.20 5 0.80 to 1.75 5 0.80 less 4s 1941-1945-1950 Braddock 4 Ms 1941 m&N Cambria Co 4 Ms Nov 1 '41-*45 5 0.80 M to 1.10 Del River Jt Comm Bridge Phila-Oamden— 4Kb Sept 1 1967 opt '43Easton (Water Works)— 2Ks 1942-1966 4 Ms 1941-1960 m&S F&a 113 1.50 5 0.50 to 5 0.80 to 1.80 Erie School District— 4Mb Jan 1 1942-1946 Fayette County4Mb Highway 1952 J&D Harrlsburg— 4s May 15 1941-1953 Jeanette 4M» 1941-1956-M&S 5 0.75 to 5 1.70 less 0.65 to 2.00 Lackawanna Co 4b 1944-F&A 0.85 less M&n 0.60 to 0.25 1.30 1 to 1.25 IMs 11941-1960 Lancaster County— 1 1.75 _ F&A 0.80 Lancaster S D 4s May 1945— Lower Merion Twp 4b 1945.. 0.85 less 1 1.00 less M 4Ms 1941-1960 McKeesport Sch Dist— 4M« 1941-1943 m&N _ '41-*47—F&A to 1.85 5 0.85 to 1.00 5 0.75 to 1.50 Norristown S D 4Mb 1943.J&J 5 0.85 less 1 Northampton Bor Munlc Auth 2 Ms] Wat revil941-70—M&S 5,0.80 to 2.85 Philadelphia— 5s Jan 1951----.-. j&J 124 M 126M 127 5b June 1 1962 opt '52. j&D 127 5b June 1 1982 opt '52. j&D 4 Ms May 1948 —J&J 117 H 118M 4mb Nov 1 1948 J&J 118M 119 M % Ohio municipal bonds issued since Jan. 1,1913, are taxable, all bonds issued prior to that date are to 2.00 to 2.50 Mercer Co 5 Ms . —F&A 4MB 1942-1963 * W to 1.50 - __ 5 Mb 5 0.50 1 to 2.10 1.10 to 1.20, % to 1.20 % 4s July 15 1941-1945. J&J15 I i to 2.10 1941-1953 to 1.25 - to 2.40 4 Ms 1941-1955 s-a 2 Ma 1941-1959 0.50 - to 2.80 0.75 0.60 1945-1954 1.90 to 2.10 4Kb July 1941-1958 j&D 4 Ma -/a Asheville— Buncombe County— 1-48 gen ref July 1 1976 Charlotte— to 2.00 r«90 1.50 j&D 6s 1941-1957 3K* 1941-1945 J&J 6 1.15 J&J J&J 6 0".50 to _ Ms 1941-1970— 2s to 1.90 to 1.90 to 1 1941 to 1958.. 1 1941 to 1976- 6 0.50 Septl 1941-1963—M&S 6 0.50 , Cleveland Heights S D— 6s 1941-1959. A&O 6 0.75 Columbus— to 2.00 to 2.75 CAROLINA J&J J&J 6 0.50 A&O 6 0.50 .2.00 2.00 F&A 0.50 5Ms Wat & Pk Ml-^-F&A 5s 1941-1947 F&A b 0.50 — 4mb Grad Cros'41-'54-A&0 4Mb Fire Dep '41-'55—A&O 4 Ms 1911-1950 —M&S 4s Sewage 1941*1958—M&S 3 Ma 1941-1949 A&O 3 Ms 1941-1956 A&O 3 Ms 1944-1953 M&S 3s 1941-1963 A&O 2 Ms 1941-1951 M&S 2Mb 1941-1951 .M&S to 3.10 6 0.50 6 0.50 M&N 6 0.50 to 6 0.50 6 0.50 5s W W 1941-1968 to 3.10 2.80s 1941-1959 2Ms gen & ref July 1 *43-'46 6 1.50 2Ms 1941-1954 A&O 6 0.50 to 1.90 2.25 Tulsa— 5 Ms July 1946 1M% Tax anticipa'n notes— 5 0.30 less K Series "E T" May 311941 1.50 %n 5s July 1 1951 Series O—J&j 5 1.10 less M 2.00 4Ks 1941, 1944, 1949-—j&j 5 0.35 to 1.35 0.75 5 0.50 to 0.55 Highway 4s April 1 1941-42 1.60 .85 48 April 1 1945 1.55 1.00 4s April 1 19471.75 1.15 4s April 1 1950 1.50 1.25 4s April 1 1952 1.80 3KslTurnpike Revenue— 1.70 108 M 1947-1968 ..F&a 108 1.80 Allegheny County— Refund'g 1 Ms July 15 *59 to 6 0.50 6 0.50 ... to 2.25 Refunding 3 Ms 1965—J&J Cleveland— to 3.10 ... to 0.75 to IMs Wat. wks. '41-79 M&S to 3.25 3.30s April 1 1941-1956 3 Ms 1941-1955 —M&S 3.10s Oct 1 1941-19643s 1941-1960 M&S 50 Cine Southern Ry 3.25 to 3.25 F&A 6 0.50 J&D 6 1.50 0.50 0.50 1.85 "o 3Ks Sept 1 1941-1962 2 Ms Sept 2 Ms Sept to 2.50 Port of Astoria- M&S 6 0.50 4s 1941-1956 5 4s 1941-1958 3 Ms 1943-1961 to 2.20 1.20 ~ to 3.00 4Mb July 1 1941-1962.A&O 6 0.50 4Mb Mar 1 1941-1956-A&O 6 0.50 to 1.00 1.00 5Ms Imp Feb ,40-'51—F&A 5s Ji Tuly 11965 J&J 4Mb July 1943 J&J 4 Ms Sewer 1955 a&o % to 0.50 5Ms Jan 1942-1961—A&O 6 0.50 5s 1941-1961 A&O 6 0.50 to 2.20 4.40s 1958 Cincinnati— to 2.00 Wolcott 4Ms 1941-1942-J&J 6 0.25 Yonkers— 6s Feb 11941-1952 A&O 6 0.50 1.00 0.50 Canton— 5s Sewer 1953 M&S 6s Water 1944-1959..-A&O Canton School Dist— 5s 1954 a&o 4Mb Dec 5 1941-1942—j&d 2s (reg)—M&S 6 0.25 % to 2.00 4 Ms 1941-1960 m&N 5 0.50 4 Ms Ref Water *41-'53-J&J 5 0.50 4s Water 1941-1958 0.50 J&J 3s Ref imp 1941-1947-J&D 5 0.50 2 Ms Ref imp '41-'45—M&N 5 0.50 4s Water Works 1942.A&O Allen Co 5 Ms 1941-1950-a&O Ashland 5 Ms 1941*1944.A&O „ to 1.75 5s Harb Dev 1941-50-m&n 5 0.50 1.10 4 Ms Dock 1943 m&N to 2.80 to 2.00 , to 1.60 j&J „ to 2.75 1.00 to 1.40 _ to LOO % 1.75 % 1.25 Portland— to 2.30 A&O A&O Mi 1941-1956 J&J 6 0.20 J&D 6 0.25 to 0.50 toll.25 4mb H'way *41-'49 (s-a).A&O 4s Highway 1941-1942..A&O b 0.50 to 0.75 53 Astoria Ref 1-5% 1967—J&J 51M Multnomah County— 4 Ms Bridge 1941-1944-J&D 5 0.50 to 1.25 4 Ms 1949-1956 F&A 5 2.Q0 to 2.40 4s Bridge 1945-1955—J&D 1.50 to 2.30 Multnomah Co 3 D No. 1— to 1.10 Water town— 4MB 1942-1962 4Mb 1941-1968 4B 1941-1968 2.25 2.25 to 1.50 4Mb San Sew ,42-,82—-J&J 6 0.50 4Mb Parkway 1962-86-J&D 6 2.20 1.20 0.50 Highway 4 Ms 1941-46 A&O Okmulgee 5s Mar 15 1943 5 D 4 Ms 1942-1953 Oklahoma County— 3 Ms May 15 1941-1945 2.50 Grand to to 2.70 to 1.80 1 2.25 6 3.00 Fargo 4s Aug 15 1941-1954 to 1.40 -A&O 6 0.20 4Msl941-'50-f&A 6 0.25 5Ms highway 1941-'53-f&A 6 0.25 5a July 1961 to 2.50 j&J 6 3.00 to 1.00 J&D 6 0.20 0.25 % to 2.40 oregon 6 6 6 6 6 0.25 to 2.50 0.50 104M to 2.50 6 0.20 0.25 0.25 j&J b 0.50 - Oklahoma City— 5s Water 1942-1947—M&S north dakota 6 0.25 Warren Co NORTH 2.35 0.75 0.75 0.75 5s to 4 Ms Jan 1957 1941-1954 70 68 to 2.40 to 2.70 Utica—• 4Mb 1941-1959 4 Ms Aviation 1942-53- to 2.35 to 2.50 0.25 0.25 0.25 0.25 o 0.75 b 0.50 — 0.60 0.50 3Ms s f revenue 1980--F&A 103M Troy 4Mb 1941-1950-—A&O 6 0.50 4Ms 1941-1970 -J&D 6 0.50 4Ms 1941-1965 J&J & 0.50 % oklahoma Funding 1M % to 2 M % due June 30 1941 to 1946 2Ms June 30, 1941-1948 2s June 30, 1949-1954 Muskogee— 0.75 0.50 m to 2.20 b 0.50 b 1.75 5s 1941-1944 M&S Zanesville S D 5s '41-'43-A&0 Salisbury 6s 1941 m&N Transylvania County— Refunding 1K% 1941-1942 2% 1943-47, 2M% ,48-,52 3% 1953-57 and 4% 1958- 6 0.20 1.30 f?00 to 2.20 0.50 A&O A&O A&O 4Ms 1941-1957—A&O Youngstown School Dist— 4 Ms 1944-1947M&S t- 2.50 2.40 to 2.25 J&j Toledo School Dist— 4 Ms 1941-1959 4 Ms 1941-1956 1 2.00 0.25 0.25 0.25 M&S15 m&S 4 Ms 1941-1953 4 Ms Nov 1 1941-1953 4s Park July 1 1942 to 2.40 to 1.75 . to 1.85 % Water and to 1.00 0.50 A0 0.50 % 6s Bdge 1941-1941 to 3.00 6 0.20 4K» Sewetf 1941-1953--J&J 6 5s Water 1941-1950--J&J 6 5Ms Water 1941-1950--J&J 6 Union Free Sch Dist— 2.80s 1941-1958 M&N 6 Triborpugh Bridge— 2Mb revenue 1945-52-F&A 6 3s revenue 1953-1975--F&A 6 4 Ms Bridge Rev '67-M&S Westchester County— to 1.00 to 1.50 F&A 6 0.90 . 4s 1941-1955 0.25 _m&S Toledo— 5s W W 1941-1944 F&A b 0.25 6s Pub Wharf 1960—M&S 58 Sewer 1949 M&S to 1.60 Youngstown— to 2.40 F&A 4Ms 1941-1947 4Ms 1948-1959 Rocky Mount— to 1.25 1.10s 1942-1951 F&A Thousand Islands See "Water, town." Ticonderoga S D No 5— ' 4Ms July 1941-1958 J&J & 0.25 to 2.20 Tonawanda (City of)-— 3 Ms sewage 1941-1969-J&J 6 0.50 to 2.75 4Ks 1941-1942 J&J 6 0.50 to 0.75 5s 1941-1976 .00 j&J 1946-1950 3Ms „ to 1.00 6 0.20 Fund June 1959 Raleigh— 1.50 1941-1951 J&J}§ 1941-1971--—-J&J15 2.20% 1941-1957 M&S 2s 1941 1956 M&S 2.10% Aug 15 1946-1947—l&i 1941-1948 F&A IMS 1941-1946 M&S to 1.50 to 2.40 to 3s to 2.25 County— 6 0.25 3Ms 0.75 0.25 M&n 6 0.25 6 0.25 j&J m&S 4 Ms 1942-1950 4Ks 1911-1954 4 Ms 1943-1947 to 2.20 4Mb 1941-1953 5s 1941-1945 1.50s 1941-1946 Thousand Islands— to 2.50 to 2.60 6 0.20 8.90s Bridge 1941-1951 —.F&A 6 0.75 to 2.00 6 0.25 to n L50 6 0.50 6 0.20 0.25 Mecklenburg County— to 1.50 0.50 A&O Set to 1.00 Springfield— 4Ks 1941-1949 '42_F&a 4 Ms 1941-1950 5s 0.25 m&N Iredell Co 5s Aug 1 1.30 to 3 Ms 1970-1975 „ to 1.75 0.20 0.20 0.25 1.20 J&D J&D 5s Flood Emerg '4l-'42 j&D Portsmouth City S D— to 3.70 to 1.40 Ask Dist— Montgomery County— to 3.60 m&N -F&A 1.40sl941-1969 1.10s 1941-1950 to 3.25 1942-1957 3 Ms 1958-1969 4Ms 1941-1944 r--M&N 4.20s Dec 15 '41-71 J&D15 6 Par 4M« Pub Imp '41-'45-J&J15 4.20s 1941-1949 f&A 4.15s 1941*1950 —M&N 4.10s 1941-1946 A&O 3.90s 1941-1948 f&A 3 Ms May 15 '41*'51-m&N Revenue 2.75s 1941-66 A&O Rev2.60s 1967-1969-A&0 2.00 4s 6 0.20 M&S _ to 4.00 to 1.50 1 Bid 6Ms 1941-1945 5M« 1946-1949— to 3.20 1.50 Miami Conservancy to 2.60 1.75 £0.20 £0.20 Southampton— 5s 1941-1971---— SuffolkOo.— IM® 41- 57A&O 3 Ms 1941-1951-------F&A 2 Ms High & ref 1941*57 m&S 2.20s June 1 1941-1962 J&D Sullivan Co 4Mb '41-'45-A&0 1941 1946 0.60 6 0.20 0.80!1 Bonds 2.85 to 2.10 to or Net to 1.75 1 1942-1955 F&A!6 1941-1949 M&3 b Schenectad shenectady County— 4 Ms 1942-1958 J&J 6 5s Dec 15 1941-1948.-.--- 6 6 Somen (T) 4K8'41-'53- 4s Ask 6 0.25 1.30s 1.10s ^M^Sli-igeo 1.40 Bid 6 0.25 6 0.20 F&A IMS 1941-1955 Yield Basis To or Bid Bonds tax-exempt. b Basis. /Flat price. closing day of the month preceding the date of Issue securities are as near as possible for the Quotations for all Bid °r Net Ask 11154 110* 104 130 113* 105 106 Philadelphia School Dist— 4*s 1941-1943 j&j 4*s 1941-1959 m&N 4mb Apr 15 1941-58. A&ol 5 4s 1941-1942. j&j 4s 1941-1956 j&d Operating Revenue— 1548 Apr & Oct 1941 Pittsburgh— 4*s 1941-1950 j&d 2ha Sch Dlst 1941-62.a&o 2 Ha July 1 1941-1956-j&j 2 Ha Feb 1 1941 1958.f&a 0.50 0.75 to 1.00 to 2.20 i 0.75 0.50 > 0.50 to 2.20 » > i thereafter to 2.20 Corson > > i 0.50 0.50 j&d School District— 3s 1944-1964 to 1.40 Scranton 4*s 1941 5s 1941-1950 2hb to 2.15 1.00 to 1.40 % 2.10 % to b 0.80 less 0.60 j&j to 2.20 to 2.70 to 1.20 0.90 to 0.75 4*s Impt 1942-1445..-j&j York 4 Ha 1941-1943 f&A rhode to 0.85 b 0.35 0.50 to 1.00 Gibso 4*s ii.50 2.10 4s Oct 1 1964 1.10 1.75 1.85 0.50 to 1.50 1.00 1.50 to 1.60 0.50 0.50 to 1.75 J&j b 1.00 J&d to 1.75 to 1.75 M&n b 1.00 4^s Funding 1944....M&n b i'jjj) 1941:1967. — ... .j&d ft j 4*8 1941-1967 1.00 3 ms — of 4mB j&d 6 0.50 j&d 6 0.75 j&j 6 0.75 a&o 6 1.75 f&a 6 0.75 2Ms 1945-1954 1mB 1941-1950 1 ms 1942-1948 ...M&n 1mb 1942-1951. m&n Aiken Co 4Mb 1941-1945.f&a Anderson County— 4Mb Highway 1941-43.f&a Charleston 4Mb Jan 1942.j&j 3 Mb Wat Works '41-78a&0 Columbia 5s 6 0.90 b to 1.00 1.00 united 100 3.40 3.50 3.10 2.90 2.80 pi a n to 1.50 6 0.50 J&D ft 0.50 J&D p 1.00 % to 1.80 % to 1.00 to 2.20 2*25 "~*3;1942-1950 j&j to 2.50 Flat price. to 2.60 1.10 1.25 0.50 to 2.75 0.50 0.50 to 2.75 to 2.40 0.75 to 2.80 6 3.00 to 3.40 pages 19 and 0.25 to 1.40 0.25 to 1.45 0.25 to 1.40 to 2.30 % states—See A&O M&S 58 Memorial Sq '41-50.M&S 4*s Hospital *42-'56-_J&J 4*8 1941-1968 M&N 4Ms 1941-1967 J&J 4 Ms 1941-1948 M&S to 2.20 1.50 1.75 0.35 to 1.10 % to 1.20 % to 1.70 % to 1.80 % to 1.30 % b 1.85 less 1 6 1.40 less 1 b 0.65 less * J&j 6 1.90 less 1 1941-1973..j 15 & d 16 b 2.00 Arlington County— 5*s 1941-1954. .F&A b 2.00 less 1 less 1 b 3.00 less 1 b 0.50 less * b 2.30 less 1 b s Refunding 1947-'60—j&j Refunding 1941-'46—j&j to 0.75 0.50 0.50 6 0.50 to 2.10 % % i to 1.60 % Albemarle Co 5s 1948 Alexandria— to 2.00 % to 2.50 % 6 0.50 to 1.50 % 0.75 to 1.00 % J&D 1.10 to 2.00 % J&D 5.00 4.50 % 6 2.40 2.20 % to 2.50 % s 3s Bristol— ) 2.40 % 2.00 % 6 2.60 6 2.20 6 0.50 to 2.25 6 0.50 to 3.25 % 6 1.60 to 5*s School 1942-1953.. J&j Charlottesville— 5s 1962 opt 1942 m&s 5s Water Impt 1958...j&j Danville— 4*s July 1 1941-1950—j&J Fairfax Co 4*s 1945—f&a2 Henrico County— School 5s % 1.65 less 1 b 1.25 less 1 1942-1950—.J&j b 1.50 less 1 less 1 6 1.65 less 1 b 2.40 less 1 j&d b 2.50 less 4*8 June 1 1957 Washington County— 5% Fdg Jan 1 1954 J&J 6 3.30 White County— 5*% Highway 1955—M&S 6 3.10 to 2.75 (Commonwealth) 1962 0.50 6 0.50 6 0.50 County 1942-1958 J&J Tipton County— 4Mb Road July 2 *41-'58J&J to 3.15 1.35 virginia 4a 3.60 % 3.10 % J&d b 2.10 Lynchburg— 4a Pub Impt 1942-1959.j&j Newport News— 4*s 1941-1958 f&a Norfolk— 3s 1953-1962 2.90 % 4*s 1941-1972 5% Water May 1952 5% Port Terminal May '52 atersburg 4Ms 1952___a&< 1 less 1 b 2.20 less 1 b 2.20 less b 2.50 less 1 1 f&a 6 2.60 less less 1 1 b 2.10 less 1 b 2.00 less 1964 j&j 4*s July 1 1941..j&j 4*s July 1 1965 j&j 2*s 1941-1953 .j&j l*i Jan 1 1942-1960.. . b 2.50 b 2.00 TEXAS to 3.00 b 2.10 less Is Portsmouth— A Tillcmc 5*s 1951— 5s 1959-65 opt 1941-1943— 102 W to 2.90 j&j 0.50 to 0.60 % 4mb 1942-1961 4*s 1941-1953 j&j j&j 0.50 to 2.40 % 0.50 to 2.00,% 4** 1954-1958 j&j 2.00 to 2.30 % Amarillo4Ms '41-'58-M&8 15 Austin— 5s 1941-1942 to 3.25 to 2.50 6 1.50 to 2.40 6 1.00 to 2.60 % 5a Water Works 1954—m&s 6 2.65 5s 1941-1965 A&O 6 0.75 to 2.80 4*s 1941-1970 4s 1942 opt 1922 3*s 1941-1952 % % % to 2.70 % „ Beaumont— 2.50!% % to 3.00 j&j 6 0.75 to 3.10,% j&d 100 100*1 A&O 6 0.50 to 2.50 % - 4s 1953-1977 A&O 6 2.60 Brazas River Harbor Nav— to 5*s Impt Apr 10 1966-1965 6 2.60 6 Basis. 0.50 % 1942-1949 6 1.50 6 1.00 to 2.75 4s Refunding 1942-1951 J&j 6 0.25 Burlington— 4*s City Hall 1941-55. j&d b 0.20 Rutland (School Debt)— 4s 1941-1948 f&a b 0.20 Smith 1.00 j&j 6 1.00 3.50 0.50 % % to 2.60 5s 1942-1952 3.00 to Brattleboro— to 1.50 to 3.00 York County— 2.00 to 2.00 3*s 1941-1948 j&d b 0.15 4*s Oct 1 1941-1949—a&o 6 0.15 4mb 1967 6 1.00 to 2.00 to 2.00 vermont J&D 6 0.50 M&S 6 0.50 Robertson County— 4*s Road 1948..... F&A Shelby County— 4s Courthouse 1957 A&O 5s Aud Mkt H'se 1949.M&S 4M% Jail 1941-1951—M&S Greater Greenville Sewer Di«t 4mb 1941 M&s Spartanburg— 4Mb Water 1941-1965.j&j 5s Nov 1 1943.. 2 ms 1946-1962. j&j 2 Ms 1946-1963 j<&j Spartanburg County— 4mb 1941-1947 M&s Sumter County— to 2.25 to 2.25 Plant— Polk Co 5s 1941-1946 to 1.80 Kershaw County— 5s Highway 1941-1946.f&a 6 1.00 Marion County 0.25 0.25 2.10 0.50 1.80 6 0.50 t 1941-1944 2Mb 1946-1959 to 2.20 M&n 3s sewer 1941-1959—-j&d 6 1.00 2mb sewer 1949-1958.j&d 6 2.40 6 6 6 6 to 2.25 to 1.50 to 2.60 6 2.00 5Mb Fdg 8Mb water ref 1941-76 M&n 6 1.00 Greenville County- to 2.00 to 2.40 Electric Power Revenue— 3 *b 1942-1945 J&D 4Mb Water 1945......j&j Greenville 5s St 1942 j&j 4*8 1941-1955 j&j 4Mb Highw 1941-1945.f&a 1.75 6 0.75 J&D & 1.50 to 2.60 to 0.50 0.50 0.50 0.75 Wichita CountyWat Impt Dist No. 1 3.00 J&D 6 0.75 8 to 2.20 "1.00 % 6 6 6 6 5s Water Works 1942.-J&J 6 1.00 4*s Water 1941-1968—J&J 6 0.50 Montgomery Co 5s Cumber¬ land River Bdge 1953.F&A 6 2.75 to 1.60 6 to 2.00 to to 2.75 2.10s 1950-1969 to 2.10 Ref 1941..M&s % 6 0.50 6 1.50 3.00 3 Ms to 2.65 6 1.00 to 3.00 6*s April 1 1941 j&j l*s refunding 1941-1955 Ogden 4 *% 1941-1945—f&a Salt Lake City— 4s Ref 1941-1945 a&o 4s Ref 1946-1965 a&o Salt Lake City s d— 4s May 1 1949 m&n 2*s Refunding 1958—m&n Salt Lake Co 4*s Apr 1 1942 2.10s 1945-1954 to 2.35 0.55 % 6 0.75 F&A 6 0.75 3.25 Electric 2.75 6 1.00 1.00'% to 2.40 % utah 3Ms Indebtedness— 1941-1953 3 Ms 1941-1949 3s 1941-1952 % 2.60! % % to 2.70 W'aco 3.15 2.10,% to 2.80 2.70 3.50 to 6 2.00 Nashville— 6s 1941-1942 5s March 1941-1960 to to 2.60 to - 2.50 riflb CAROLINA Refunding 92 6 2.25 to 2.50 State Highway Certificates % % 2.75!% to 2.50 to to 2.50 4*s ref Apr 1 1953-1964 4s 1941-1954 1.75 j&j 6 0.50 1941-1955 6 0.50 to 1.60 A&O to 2.50 2.00 to 1.20 6 3.15 1942-1948—J&J Ref 4Mb 1941-1955 1.25 4s Funding 1947 4s Institu'l 1941-1959 0.50 5*s W W 1941-1965.M&N 5s Sept 1941-1959 M&S 5s St Impt Dist No 2 1943— 4*s 1942-1967 J&J 4*s 1941-1968. F&A 3s July 1 1941-1951 J&J County— 1957.A&O % 2.25 San Antonio— 1.50 % 2.75 5s Funded 1941-1959..a&0 6 3.30 6 1.70 to 2.80 SOUTH F&A F&A 5s 1941-1970— J&J to 2.85 j&d ft qo 4*s June 1941-1957—j&d ft 1.00 1 a&o J&D Port Arthur— « 6 1.00 4*s Water 1949 4*s Park 1959 0.75 to 6 3.30 6 0.50 to 1.85 b 1.00 101* 4M% Highway '41-'49 J&D Memphis 5s July 1954—J&J 5s River Term '41-'48_A&0 4Mb Water 1941-1962-J&J Woonsocket— 4 m4 funding 1941 is Fund 1941-1961 1.60 Madison County— wpa School Loan— 3s 1946-1965 to 3.00 Knoxvllle— 2.25 2.10 1.60 2.50 % 2.40 % 2.35 0.50 0.50 0.50 3*s 1941-1954 J&J 6 0.50 3 Ms 1955-1958——J&J 6 3.10 1.85 1944-1951 2 Ha 1951-1959 2mb 1941-1957 f&a 2s May i 1941-1958.. A&O 4s Funding 1952-1962.A&O 6 3.20 Electric System Revenue— 1.85 4s 1941-1950 J&J J&J A&O '52M&N M&S % % 2.10.% 6 1.75 General Obligation 4 Ms- 6 3.50 General Obligation 4Mb— 6 3.60 6 3.75 General Obligation 5s Funding 5 Ms Sept 1950— 6 3.30 6 3.10 Water 4M» — to]2.00 j&d a&o J&d j&d f&A 1.00 0.80 98 5*s Impt 1941-1946—J&D County— 4*s Bridge May 1 '51 M&N 6 2.75 2.25 2.10 to Knox 2.25 M&n2 to 2.10 6 0.50 2.50 Johnson City to 2.25 J&j a&o 2.00 1.00 Jackson— 1.25 0.50 1.25 2.00 6 0.50 5*8 Road 1941-54.A&O10 Harris Co— 4*s Apr 10 '41-56.A&O10 Houston— 4*s Sept 1941-1952—M&N 4*s 1941-1957 J&J 4*s Impt 1941-55(s~a)_J&J 4*s 1942-1947 2*8 1942-1955 J&J l*s 1942-1955 J&J Houston 8 D 5s Feb 1952 4*s 1941 1951 —.J&D Palestine 5s Sch Aug 1 1944, 1949, 1954, 1959. 1964 1.35 2.30 1941-1958 4H% Refunding 5% Bridge 1944. Pawtucket— j&d 0.90 1.30 1.60 County— 4*8. to 0.95 2.50 . milton Hai to]l .75 2.50 2.50 1.00 1.40 4*s Highway 1947—J&J 0.50 5% Co Memorial'41-'50J&J 88 Dyer Co ref 3*-4*s 1965 Fayette County— 4M» Road 1958— J&J 6 3.75 to 2.75 0.50 0.65 1.50 1.75 0.65 1.80 1.35 1.50 1.20 1.20 . 5s Hospital 1954 Davidson County— to 2.65 0.50 to 1.75 Galveston— 5s Grade Raising 1944.A&O 6 1.25 5s School 1941-1954 M&S 6 0.50 5s 1941-1956 A&O 6 0.50 Grimes County— 1.80 2.00 2.50 3.10 3.10 3.10 to 2.75 j&j 101 6 2.70 6 3.30 i.85 1.00 6 0.50 5s 1941-1959 89 to 2.60 2.00 1.00 to 1.00 7o 5s 1951 1.50 to 0.50 b 2.20 to 6 0.50 4*s 1941-1971 4Mb 1941-1964 85 to 2.25 6 0.50 Fort Worth— to 2.40 to 1.50 b 2.00 j&d M&n 100 to 2.00 0.50 to 6 1.25 Newport— 5*s June 1 1941-1953 4ha May 1941-1942..M&n 4s May 15 1948 M&n 3 ms g High sch 1954.j&d 2 Ha Water wks '41-71 M&s 3s — 3.50 to 2.50 El I'uo— % 98 98 2.00 , 1.15 b 0.35 4Mb Mar 15 '41-73-M&s15 5s 1941-1942 a&o % '67 5s W W purch I960...A&O 6 2.60 5s Impt Aug 1 1948 F&A 6 2.50 4*s 1941-1960 A&O 6 0.75 0.35 Cranston— 4s Water 1962 94 99 2Mb 1941-1968 2*s July 1 1969..- 2Hb nov 15 1942-1971 4s 1942-1966 J&j -- to 2.10 _ 4*s School 1956 4 Ms Memorial Aud 1% Relief 1942-1943 m&s 1 *% June 1 1941-1943..J&d 8% Public Wks 1951-56.m&s 4s Char it Inst 1965 m&s 4s June 1 1977 J&d to 2 10 6 2.00 2Mb Dec 11956 — 2mb 1947-1948 -j&d 3s Sept 1 1946 3 ms Sept 1 1944—— 3 ms Sept 1 1945 O Ms 3 X4.S 1948 - -—j&d 3.90s Sept 1 1955-1958. 4s 1941-1955 island 4mb 1950 4mb Sewer 1952 4 Ha School 1954 Providence— 4Hs 1941-1959 4 (Jan 1 1945 4 (Oct 1 1954... 4s May 2 1957 2.00 Ml 0.35 4*s 1941-1967 6 1.30 4Mb bridge 1944-1945-— 6 1.10 6s July 1 1943 — 6 1.80 6s April 15 1946-1947 Carter County— • 100 Ref 4Mb April 1 1941-67... Chattanooga— Electric Power Revenue— * to 2.25 0.85 0.80 3% opt rev 1941-48.-M&n Wilkes-Rarre— less % % fts fd 3*s Nov 1 1941-1967-M&N 6 0.50 Scranton School District— 4mb 1942-1956 1.60 2.00* % tennessee to 2.05 b 0.85 m&N to 1.40 5s 1941-1960 M&N 4*s 1941-1970. M&N 4 Ms 1941-1945. .—M&N 4s School 1941-1951—.J&J 2*sl941-1957.. -.J&J 2*8 voted 1941-1958— F&A Dallas Co 4Mb Apr 10 1951.. 6 0.50 to 1.90 f 1.50 % f&a b 1.00 1941-1965 to 1.00 1.50 1.00 0.50 —..f&a 6 2.05 1.00 2s Dec 1 1956 f&a Seawall 2*s 1947-52 A&O 10 Dallas— to 1.55 to b 2.10 2*s 1941-1963 j&d Reading 5s Impt 1943-49.j&j Schuylkill County— 4 Ms 1941-1955. j&j Corpus (•hrtsrl * Ind Sch D 4s '41-'64—F&A to 1.25 0.50 0.50 1 less 1.20 Stanley Co 15 year 3*s > less 1.00 County— Ref 4*s Sept 1 1954 opt Perkins Co refunding 3-4s 100 H m 1.25 ..1942-1958 - Jackson Public Works Relief— 4*%_1953 1950-59—f&a to 2.10 M&N 6 0.60 F&A 6 3.75 1688 County— 4-4 mb to 0.75 Net River Conservation & Reclamation District— 2Ms 1942-1955 0.40 4*s Rural Credit— Due May 1 1943-50—m&n Ref 4s Aug 1 '43-'49—f&a 3Mb 1943 to 1946. . f&a 3s Feb i 1947 --*&a 3s Refdg 1950-1959—f&a Refunding series aa— 4*s to Aug 1 1941. 3% 121 j&j 3*s July 1 1986 opt 1956.. 3 ms Jan 1 1942-1945. -j&j 2*s Jan 1 1946-1960—j&j 4s Nov 1 1966 4s July 26 1972 Ask Brazos dakota Sept 1941 m&s 5Ms Jan 15 1943—----j&j16 I*^h Rural Credit 1942. -j&j 4s 104 To or Bid Bonds Net Ask 114 112* 116j4 j&j —j&j 4s Feb 16 1955--. Bid Bonds south Philadelphia (Concluded)— 4mb 1976 opt 1946 4 *s Dec 17 1978 j&j 4s July 1942 j&j 4s Jan 1 1946 j&j Yield Basis To or To Bonds ^ Yield Basis Yield Basis - 99 STATE AND MUNICIPAL BONDS Feb., 1941] to 3.15,% 3.10 % Richmond— 4mb 1958 4ms July 1 1942-1961 j&j Roanske— 2*s Water 1941-1968.a&o 2*s Jan 1 1942-1958—j&j 4*s 1941-1956 Staunton 5s 1941-1958—m&s Tazewell Co 5s 1942-46—j&j Washington County— 5s school 1942-1949 j&j 1 1 100 b 2.20 fass'l b 1.50 less 1 b 1.30 less 1 5 1.30 less 1 b 1.75 less m — — b 1.60 less 1 1 1 b 1.90 less 1 b 1.40 less 1 b 2.00 less 1 b 1.40 less % 100 STATE AND MUNICIPAL BONDS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis To or Ask Bid Bonds WASHINGTON 0.25 to 0.60 1.30 to 1.45 1.40 to 1.50 :o 1.50 4H% Gen obllg 1941^3--J&J 4% Gen obllg 1948-1950 SH% Gen obllg-.—1950-1951 B%% Gen obllg 1951-1952 to 1.60 % 2.50 2.00 3.40 to 3.55 M&N 3.65 to 4Mb Gen obllg wat, 1941-59 6 0.50 4Mb 1964-1970 % % 3.75 % to 3.60 Water revenue 4s 1946-54 % bonds— 2.25 optional 1946--. 0.50 2s 1941-1945- 0.50 to 0.80 1941-49.M&N 1941-1950 M&N 0.60 to 0.60 b 0.50 Pierce County— 4Mb 1941 -1*>44 Port of Seattle— 1941-1955 ,„M&S 4Mb Jan 1942-1955—-J&J 5s 0.50 1.90 to 2.00 to 2.00 b 0.50 to 0.70 0.50 1.25 to 1.50 to 1.60 m&S to 2.70 to 3.00 5s Wat rev 1941-1951-J&D b 0.75 5 Ms L & P 194M943.M&N 5s Light & Pow 1942-56A&0 0.70 to 1.25 1.25 to 3.10 4M Lt& Pr1941-'58._M&N 0.75 to 3.20 Emergency Funding opt '44 4Ms 1941-1959 opt. -M&S General obligations— 4Mb 1941-1955 A&O 4Mb 1941-1957 A&O Munic Lt & Power Rev— 4Mb 1949-68opt '43-A&O 4b 1941-1953 M&N 3Mb 1943-1953 A&O 3 Ms 1941-1954 .A&O, Seattle School Dist No 1— 4s 1946-19/30 M&NI5 b Basis. WEST 2.70 to 4s 1942-1950 1.95 4b July 1948-1952 3 Ms 1951 and 1952- J&J J&J J&J ...J&J J&J J&J 0.25 to 1.20 0.65 0.10 0.50 to 2.50 0.50 to 2.50 1.00 2.00 to 2.95 to 2s Road 1911-1963 1.00 to 1.10 % 2.95 % 2.90 % 0.20 to 1.75 % Ms to 1.50 1.35 to 1.60 % 1.50 to 1.45 % to 1.20 % 1.70 % 1.15. to 0.10 to 1.70 0.65 J&D to 1.70 0.20 I to 1.75 to 1.65 b 0.10 1Mb Road 1944-1964 1.25 to 0.65 J&D M&S b 0.65 1Mb Road 1950-1951 I to 1.65 0.25 3ms 1943-1952 J&J 3s Sept 1. 1911-1946 m&S 2Mb Sept 1. 1946-1960—m&S 2Mb Nov 11911-1962—.m&N 2Mb May 1 1944-1962 2.25 to 2.50 b 0.25 b 0.20 to 2.00 Wks 1941-1952.J&J b 0.15 to 2.25 0.90 to l".75 to 2.40 % to 1.90 % % to 2.00 I 6 0.25 to 1.20 % b 0.25 b 0.25 to 0.90 % to 1.20 to 0.80 b 0.25 b 0.25 to 1.35 b 0.25 to 1.25 b 0.25 b 2.00 to 1.80 to 0.90 50 to 3.50 WYOMING to 1.65 1941-1964 to 2.40 % to 0.80 4Mb 1941-1949 J&D Milwaukee— 4Mb 1941-1945— J&J 4b 1941-1944 J&J Milwaukee County— 4Mb Ct H'se *41-'50 M&N 16 4Mb Sew Mar 12 1941-1945. 4Mscourth'se '41-49 J&D16 Racine 4Mb 1957 M&N Racine County— 4Mb 1941-1950 J&J Superior 4mb Scb '41-'44_J&J VIRGINIA 5s Highway 1941-1946 4Mb 1945-1954 4Mb 1941-1943 % % % to 2.25 1.00 WISCONSIN Yakima— 0.70 A&O L & P b to 2.25 Eau Claire 4Mb 1941-44.J&J b 0.25 Green Bay— 4Mb 1941-1947 A&O b 0.25 6s W W 1941-1960—M&N b 0.50 Madison— 90 Seattle— 6a 1941 b 0.25 5 2.00 2mb 1941-74 opt *45.J&J b 0.15 90 80 . o Net General improvement— 3s 1941-1952 to 2.30 5* Wat to 1.60 Walla— 3 Ms 1952-1960 80 m&S Lake Wash Toll Bridge— 3s 1941-1949 m&S b 1.00 3 Ms 1949-1955-....m&S b 2.70 to 2.30 Ask \ Huntington 5s 1944 Oct Morgan town 5s 1941-1548. J&J b 0.25 Ohio Co (Board of Educat)— 2Mb 1942-1974 opt '46. J&J b 0.40 Wheeling— to 1.10 Walla 7 _ 1941-1958 J&D 1958-1972 J&D Charleston Housing Authority 2Mb 1946-54-. J&D Charleston School District— 5s 1941-1952 .—J&J Clarksburg 5b 1941-1953.A&0 to 0.60 2.10 0.50 b 0.50 b 0.50 Bid 2Mb 2Mb to 1.00 to 1.25 4Ms Bridge Charleston— to 1.60 0.60 to 2.20 4Ma Bonds 2.10 b 0.50 b 0.75 To or Net b 2.30 4 Ms ref wat to 1.75 2Mb Water ref 1941-1942— King County— Spokane— 4Mb Park 1962 J&J 4s & 4Mb ref 1941-51—J&J 3 Ms Ref 1943-1954 J&J 4Mb 1941-1954 M&S 5Ms 1942-1953 J&J 5s Imp Mar 1 1941-1942. Spokane Water Revenue— 4Ms-4Ms 1941-- —.A&O Tacoma—Revenues— 4mb Water '41-'43 (s-a) J&J 4mb EIL&P '42-'46(s-a)J&J 4mb EIL&P '41-51 (s-a)A&O 4s Water 1944-1946 J&J Ask 1941-1954-J&J b 0.50 Washington Toll Bdge Auth— Tacoma Narrows Toll Bdge Everett— to 2.75 Bid — Clark County— Refunding 6s 1953 M&N Cowlitz County (Elec Rev)— 3 Ms 1943-1956 M&N 4s 1956-1964 M&N Yield Basis To or Bonds Net Albany County— Ref 3 Ms 1942-1954 J&J b 0.50 Casper ref 4Mb 1941-1964-J& J b 0.50 Sheridan fWat) 3 Ms 1941-'65 b 0.60 1%50 % to 1.90 to 2.75 to 3.05 / Flat price. Insurance Stocks Quotations *re as near as possible for the closing day of the month preceding the date of issue. Surplus 31. Unearned 1939 Reserve $ $ Dec. Par Capital Per Ask Par 3,000.000 17,202.657 7,500.000 18.089.892 ) 10 15.000.000 21.855.402 25 3.000,000 5.007.051 3 10 Agricultural (Watefn) AUemannia Fire (Pgh) 10 Amer Alliance (N Y). 10 5 Amer Cas (Read'g.Pa) Amer Equitable (N Y) 5 Amer Fid & Casualty. 5 Amer Fire (Wasb'ton) 100 Ame Home Fire(N Y) 10 Amer In ur (Newark) 2M 1,200.000 124% 128% 53 M 51M 26 27% 76 79% 22M 22 23% 9 8M 18M 20% 11 % 11M ) I 2.425,092 3,513.926 ! 2 1.000,000 563.730 2,920,034 157,500 985.989 3.000.000 563,730 [ 200.000 390.363 1,000,000 1,086.606 3,343.740 11.354,498 125 . 5 ■ 6% 14 (Philadelphia) (N Y). 10 1,000,000 4,925,023 1,282,815 5 Amer Reserve (N Y)_ ) 45% 13% 10 350.000 350,000 5 29 30 Merchants 25 7,500,000 5,837,363 3 Automobile Ins Hartf) 10 5.000,000 8.617,287 1,500.000 2,330.902 250,000 673,500 1.000,000 2,170.527 3.000.000 14,650.936 1.000,000 2.339.491 875,000 770,000 2.000,000 4,121.087 46M 36 H 7% 22% 48% 38% 8% (Bit) Bankers Natl Life Buffalo Ins Co (NY) ... Calif-West States Life Camden Fire (Camden) Carolina 25 100 (Buff) 100 5 5 2,000.000 [ I 10 600.000 1.057.804 5 Louis) 10 City of NewYork(NY) 5 City Title Insurance Colonial Life (Jersey 100 City) Commonwealth Life10 Conn Gen Life (Hartf) 10 400,000 1,500,000 New 98 615 330 20 H 22% 770.728 28 M 29% 150,000 22 h Brunswick Fire (New Brnns.N J).. New Hampshire Fire N'eastern (Hartford) 8 9 145 155 637,530 1,000.000 13 383,858 8,180,687 1,421,828 10 5 Continental Ins (N Y) 2M Eagle Fire (Newark). 2M RmployersRe-lns(KO) 10 Excelsior Excess Ins (N Y) Federal Ins (Jer City) 5 5 10 20 Fidelity & Dep (Bait) Fidellty-Phenlx (NY) 2M — 10 20 Firemans Fund (S F). Flremens Ins(Newark) 25 Franklin Fire (Phila)_ General Reinsurance. 5 5 5 Georgia Home 10 Gibraltar Fire & Mar Glens Falls Insurance 10 10 20 2.000,000 6,822,050 5,000.000 66,076,028 815,000 373,178 1,500,000 2.500,000 250.000 228,044 755,095 834,962 4.000.000 12.866,770 2.400.000 9.130,299 3.750.000 51,504,983 2,000.000 10.214.569 300.000 397.403 7.500.000 16.356.502 9,397,690 8,029.384 3,000.000 8,828.675 1.000,000 6.000.000 500,000 1.007,254 1,000.000 1.187.443 26% 33 M 35% 38 Occidental Ins (8 F).. Old Line Life (Milw). Pacific Fire (N Y).._ 35% Pacific Indemnity Pan-Amer JLafe (N O). 34% 37% 7 7% 49M 118 36M 67 % 98 9% 30 38 M 25% 25% 2.000.000 4.058.267 5,331,877 63% 66% 9.016.344 4.131,181 46 50 1.000,000 1.009.695 1,691.246 750.000 1.000,000 5,000,000 22,414.530 4,000,000 8,784.716 200,000 235.471 1.100.000 5.609.852 1.117.201 15,102.208 5,591,541 95,914 26 7,339,788 147 (New York) 5 5 15 15 1 2.500,000 7.324,229 1,000.000 1,453,186 1,200,000 17.789.632 t887,835 Great Amer Ins (N Y) Halifax (Halifax. N8). 10 1.000.000 5.352.343 8.150.000 25.681.304 2.000,000 1,757.193 Hanover 10 3.011,073 4,000,000 Hartford Fire (N Y). Fire (Hartf) 5 6.515.886 10 12.000.000 56.776,267 4,041.236 13,146.880 (Milwaukee) 37% 69% 3.000.000 8.475,475 5 15,000.000 50.371.518 10 1.000.000 3.200.302 10 4.932.000 287.636 10 1,000.000 754.694 - 101 10% 32 40M 27% 27% 42% 9% 10% 01% 44 M 10 44 % 46 % 14M 3 H 15% 4% 25% 10 10 26 10 10 Ins (Hartf).. 5 10 2.000,000 1.000,000 1.000.000 1.000,000 1.500,000 2,245.657 6.070.084 2.121,895 it* 4,959.557 100 5,415,507 5.460,234 2.411,725 957.537 735.709 £19,038,646 3.023.180 3,699.317 2,500,000 2,832.531 RelnsuranceCorp(NY) 2 . 12 nsH 2.950,945 4.596.157 4,998,898 1.928,266 13% 10 1 10% % H 83 2,199,510 6,414,876 Reliance ins (Phila).. 10 Reliance Life (Pgh) 100 100 Republic (Dallas) 10 Revere (Paul) Fire... 10 Rhode Island (Prov). 2% Rochester American 297.899 981,131 12% (Rochester) 66 3,184,552 1,433,308 2,032.497 1,000.000 2.071,824 St Paul F & M 62 M 10.000.000 21.070.534 (St P) Seaboard F & M (NY) 10 1.000,000 845.307 Seaboard Surety (NY 10 1,000,000 1,000,000 Security Ins (N*Efav). 10 2.000,000 4,000,000 10 ,25 83 87 8,097,451 48,121.615 2.634.445 56% 30% 58% 32% 42 1% 17% 5.000,000 14.919.181 1.380.640 5 12 33.867,780 25 10 26M 25% Springfield Fire & Mar (8pringfleld. Mass) 100 mioTcoiB U 8 nre maruj 100 Casualty conv pref Fidelity & Guar- 2 2 44 anty (Baltimore) U S Fire (New York). U 8 Guarantee Co 2% 19% Unlver Ins (N J)__ West Coast Life (S F) S . 4 10 '34 6M 18% 175 2.000.000 1.000.000 892.537 2,675,687 2,73~8~240 ' 1.263,895 1.579.093 827,848 9.609.365 756,344 971.581 4.078,182 12.376,770 6,375,650 500.000 1,241.513 52.856 2.000,000 18,118.208 £69.574.151 6.233.177 2,000,000 14,016,221 2,000.000 2,351,921 2,643.751 2,000.000 12,789.823 2,000,000 20.00S.203 6.477.319 2.000.000 8 400.000 1,263.531 5 375,000 1.000,000 400.000 9.315,816 No par value, t Consists of $312,000 $4 cum. 1st pref., $500,835 $5 2nd pref. and $75,000 $5 Junior pref. stock, legal reserve or life Insurance reserves, a Statutory insurance reserve, e Includes capital, x Not an Insurance company. 27% 24 M 2% hM 87% 14% 36 7M 19% 195 29 25% 4 26% 250 6M 35% 34 % 259 7% 37% 36% 122% 125% 45% 47% 3 210 260 401 411 4 9 9% 15.315,059 22 23% 10.217.865 3.003,557 875.185 49 51 74 76 M 25% 243.415 £24.100.281 574.790 122 M 39% 2,119,524 £35,421,052 493,974 281,435 700,000 207,183 £12,613,671 1,000.000 575.240 1,304,124 6,000,000 39.661,976 8.725,846 3.000,000 1,530,000 1,000,000 20 105 125 128 27 H 28 1,000,000 630,000 1.000,000 10 - 10 153"" 4.686.941 2.466.401 2% » 14 3,000,000 8,229.214 1.000,000 2.156.234 927.484 1,500,000 2,000,000 14,060,178 600,000 1,526,085 1.000.000 5.453,997 5 25 12 10M 12M 10% 24% 1,188*.742 29 59% 61% 7% \ 8% 10 Washing¬ (Providence) ton U 10 6% Providence 122 cco 18% 10 Hartford Steam Boiler (Hartford) Home (New York) Home F & M (8 F) Home Fire Security.. Homestead Fire (Bait) 2% 35% _ (Glen# Falls. N Y). Globe & Republic Globe & Rutgers Fire_ 2d preferred Gr Amer Indemnity 39 33% Phoenix 30 1,484.447 11.539,889 2.326,675 1.680.311 Preferred Accident (New York) 51 4,424.256 2,121.228 9 61 1.000.000 2.544.798 1.000.000 8% 59 9% 2% 10 10 2 400 8% 1% 17M Peerless Casualty Phila Life (Phila) Phila Nat Ins (Phila). 38 1 350 6.244,634 . 36 2,642,443 6.205.984 £103.115.640 1.224,424 2,148.977 100,222 201,290 37 5.000.000 5 . 24M > Continental Casualty (Hammond, lnd)._ Fire _ 900.000 el .681.064 1,500,000 3,000,000 2 North River Ins (,\ Y) 2% North Star Relnsur. 5 Northern In Co(NY) 12M North westernNational Continental Amer Life 10 H) New 24% York 72% 43 M New 25c 1.573,861 17,274 210,000 71% 35 40% 1,000.000 (Manchester, N _ 10 10 (Baltimore) 532.498 Fire Assoc of Phlla_ Fireman's (Wash'ton) 4 Liberty (NY).. Nat'l Union (Wash).. 633 315 1,000.000 1,000.000 21.620.936 3,000.000 J73.418.070 1.215,138 1.979.097 of National Cas (Detroit) National Fire (Hartf). Central States Life (St (Wilmington, Del). Continental Assurance Mfrs Nat Union Fire (Pitts) New Amsterdam Cas \x 2.000.000 1.000.000 2,500,000 com & York Nat'l (Wilmington N.O.) Ask share Fire Assur (New York) 25 102 3 10 Jersey ins Co of N Y. 20 Kansas City Life (Kan¬ sas City, 100 Mo) Knickerbocker (N Y) 5 Lincoln Fire (NY) 5 Manufacturers Cas'ty (Phila) 10 ; 1 Maryland Casualty— Mass Bonding & Ins (Boston) 12M Amer States (Ind'nap) Amer Surety (N Y)_. 3 10 12,000.000 65,269.141 Jefferson stand Life.. Merchants Bankers & Shlpp Boston (Boston) Bid Per 12% 43% 11M Baltimore Amer Reserve share 10 Amer Relnsur Capital Insur Co of Nor Amer 10 (Hartford) Premini, 1939 Dec. Bid Aetna Casualty & Sur Aetna Insur (Hartf) — Aetna Life (Hartford) Unearned Surplus 31, Premium 5.748,869 £7.779.760 24% 6M 7 33 35 16 18 £ Policy reserves, also called ESTATE REAL closing day of the month preceding the date of issue Quotations are as near as possible for the A&O Pa) 1st extd 4-5s 1945 Albany Metropolitan 5M-6s 1949Alden (Motel) lst3-5s 1957..F&A / Alexander Hotel (Md)4s *42 A&O Allerton 13m 1528 Walnut Corp 6s (w-s) 1951- f 100 Forest Lawn 1st M 5s '64—F&A 65 68>6 34 60 40 Exch Place 5 Ms 1956 M&S / 40 Wall St Bldg 1st 6s 1958.M&N / Ouin income 2-6s July 1 1955/ Allied Owners Oorp— 1st income 4-5s 1958 J&J Debenture 2-3s 1963 J&J Ambassador Hotel (Los Ang)— 10 % Non-cum inc. 3-5s 1950..A&O Arcade Bldg & Rlty (Seattle)— 1st leasehold 3-6s 1948 J&J 37M - 11% 99M 94 M Adj 5s f 5s 1950 (with stk) -F&A Bait Parcel Post 5M« 1949 Barker Bros Bldg (LA) 6s'47 J&D (Ludwig)— (Brooklyn) 1947...F&A 1st 5-6s (Long Isld) 1951.A&O Beacon Hotel inc 2-4s Apr 1958-- f J&J Boston Parcel Post 3s Oct 1945,. / Boston Postal Serv 5 Ms *38.J&J / Broadway-Barclay inc— 1st, 2s 1956 An June / Bway Mot Bldg 4-6s 1948..F&A JJway-Spring Arcade Bldg— Non-cum 4-5s April 1 '57.J&D Bway & 38th St 7s 1945 ...J&J Bway & 41st St Bldg 3M-5s 1944 Bklyn Fox Corp Inc 3s Oct 1 1957 / Bryant Park Building— 2-4Ms extended to 1955—J&J / Chain Store Depot 6s 1940._M&8 Chanin Building— 1st Leasehold Inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc Is 1945.M&S Keith Memorial Bldg tts 1943 97 m 62 65 Kramon Devel Co 1st fee & 24 26 '45 / LaSalle Wacker Corp 5s fixed 1957 Non-cum inc 5s 1962 f Units / 44 66 6% "7m 3X 2% 21 46 36 17 21 20 13m 15 30 33 6 4 32 ---- 18 leasehold 3Ms-4s 28 10 12k 11m - 69M 12 - 15 4M % 5m 1% 92 9 10 Cleveland Theatre gen 5s 1944... 51 58 21 19 Colonial Apartments 6s i937 Columbus-Venetian-Stevens Bldg (Chicago) 1st leasehold inc 3-5«. 1955 M&S 19m Congress Square Hotel (Port Me) 5Hs 1946 M&N a 102 m. Copley Square Trust 4 Ms '41 M&S 70m Court & Remson Bldg Corp 27 (Bklyn) 1st s f 3M-5s 1940 Cromwell (Oliver; 6s 1939.M&N / 1m De Paul Hospital 1st & ref 100 3-3M-3M-4s 1940-1947.-Q-Feb Detroit Lofand Hotel 5s Oct 1 '52 53 Domin Square Corp 4s *59 38 J&J Dorset Hotel 1st par tic 2s 1957— 23 Drake (Phna) 6s w-s 1959 7m Eastern Ambassador Hotel units. im; Edgewater Beach Apts— 57 Liq Tr inc 6s w-s *50 Ann Oct Edgewater Beach Hotel (Chicago) Cum inc deb exfc 5 Ms'41—M&S / 34 11 Park Place Corp 4s 1948 M&N / 17 11 West 42d St (N Y C)— 4Ms-5s (stamped) '53 M&N 23 80 Broad St Inc 48 Nov 1 1956... 13M 80 John St extd 4-5s 1950.—A&O / l 870 7th Ave 4 Ms Jan 1 1957 23 M Eppley Hotels 1st sf 3-6s 1951 J&J 64 Equitable Office Bldg 5s 1952...". / 32 — 21 72m 30 3 State 78 - — » * — - - .... 7m - - - - 2% 1st 4-5s 1951Bldg Corp— 5Ms w s 1963 unstpd 5Ms ex-stock 1963 unstpd Stamped 50% paid ws Stamped 50% paio ex-stock. Lincoln Mtge Co (Newark)— Cum inc (w-s) 5s 1948 A&O 16" Mercantile 3 58M 19 Sec Properties, 4 24 M 65M 35 &J Hotel of Cuba 6s 1959.(w-s) Nat - - 31 37 27 20" 9 61M 15 12 M 22 93 2 1 34 96 1 3 103 % 90 ff "9X 69m 40 2124-34 5% 17 39 Y Postal Service Station— 5 Ms 1937 ........F&A New York Title & Mtge— 5 Ms series B-I 7m 20 16m 109 QAr(no 78 32 57 m A 2-4s" (w-i) 1960-M&S f 1900 Kittenhouse 8a 'Phila)— 1st cum income 5 X* 1945. (w-s) North Station Indus Bldg (Bost) 1st m sf 5s 1962 A&O f 47% 23 M&N a Called Feb. 1 at 100. / This price includes accrued interest, n Nominal, s f 6s 1938 4H 6m A&O'/ Van Sweringen Oorp'GS '35.M&N Varick St Sta P G (N Y) 6s 1941 5 / Wabash-Monroe Bldg 6s 1953 J&J 37 % «. .• 59m 49m Waldorf Astoria ( Hotel)— Non-cum inc 5s 1954.....M&S 30 2m 11m 100 Wallbridge Operating Co (Buff)— Income 3-4s 1950 Ann Feb 53 11 / Wall & Beaver St Corp— 1st 4Ms Nov 1 1951. J&J Warner Bros Hollywood Thea— 1st 6 Ms 1941 M&N Washington Properties inc 7s 1952 4m 17 92 60 79 14 35 Woodbridge Bldg 5Ms *41..A&O/ 40 75 Westchester Bond & Mtge 5M»-- Westingbouse Bldg 4s 1948.A&O 30 17 m Olympic Inc (The) Seattle— 1st 6s T943 28 F&A 1st 6s 1935 1st & coll 18 61 5X8 series C2 5 Ms series OW-l_„ _s series FI 5m 41 Van Sweri igen Oo— 4 46m 50% 35m j/ Bway Bldg 5M" —1943/ Tyler Bldg 6s (w-s) July 1 1953.. IT S Realty & Impt 6s 1944 J&J Utilities Realty 6s 1958 , 1955 J&D / Majestic Corp 4s (w-s) 1956 N Y Towers 7 Bldg 4s-5s 2480 Bway Bldg 2d mtgo 3« 1944. N F% 36 6 11 • 100 66 m 38m 5 Ms series B-K 13m 17 35 - 20m 1 74m 86 1st mtge 2-5s 34 9m 16m 29th St Towers Bldg 3s 1942-- - 2m N Y Athletic Club— N Y ..... 5 io% • 1m ... 20 63 90 85 35 26 83m Bldg 3-5s 1950 J& J Adj mtge inc Apr 15 4Mb 1950- / 25 National Tower Bldg— 32 1st fee & l'hold 4-5s 1949.A&0 Neisner Bros Realty, Inc— ' Conv s f deb 6s 1948... J&D 15 107 New Weston Annex 3-4s w-s 194577m 57 ^ 23 60 % .. J&J '58.J&D Metropolitan Playhouses— Debenture mt e 5s 1945..F&A Montreal Apts Ltd 4s 1954--J&J Nat Press 27 70 101H f 5Ms 1916 Merchants Nat Prop4-6s 14M 91m 33 50 k Last sale, ~ r - - — Canadian price. 3% 17 3-5Ms (w-s). 1956/ 28 1947i Sixty-one Broadway Building— | 18 1st s f 3M~5s (ws) 1950..M&Ni Income 3-3 Ms stpd 1955.M&N,/ M Speed Building 'Louisville, Ky) 40 Income 6s 1945 ..M&N 100 Stanley-Mark Strand 6Ms 1941— 94 Stanley Real Est 5M» '45--J&D State-Randolph Bldg 'Chicago)— 6m 5Ms 1942 M&N. 1 Steuben Bldg (Chic) 6s 1943 M&S / Stevens Hotel (Chicago)— Income 5s W-S 1956 :. / 63 Stone & Webster Bldg (Boston):— 5s 1947 M&S 102m 31 Strauss-Manhat conv 6s '33.J&D 25 Taft Rlty (New Hav) 6s*40 A&O 17 Income 3s w-s 1951 Nov '/ 76m 10 East 40th Street Bldg 5s 1953Non-cum inc 6s 1958 J&D 5m 32 1088 Park Av Corp 2M-5s*53 M&S Textile Properties— 22m 1st 4-58 (w h) 1958.. M&N 22 Textile Crafts Bldg 2d 3s 1944... 85 Trade Facilities Bldg 5% ctfs____ 27 m Trinity Bldg 6Ms 1939 J&D Trinity Court Bldg 4s 1941.M&S 70 Stamped 2 Park Ave Bldg 4-5s 1946.J&D / 45m 5 2d fee 3s 1946 Ann Dec / 23 23 Lexington Ave 2M-4s *50-F&Ai 25 73 21 6s with stock 1959 40 93 s 24 3m 16 Sherneth Oorp Inc— Montreal Insur Exch. Bldge 1st mtge 2-5Ms 1950 71m 77 60 Park Place 20 63 92 J&J 5s, 1943 Savoy-Plaza Corp— 3-6s (w-s) 1956 36 / 61 25 88 m a 25 1st cum inc 2-5 M% June 1957San Fran Paramount Corp— 46 91 5s with stock 1950 Mecca Temple 5s 1942 59M 35 St Louis Post Office— 68 Theatre Marshall-Wells Bidgs 6 Ms'47 F&A Mayflower Hotel (D C)— f 2-6s July 1 1956 An Mar / Roxy Theatre 1st 4s 1957.-M&S RussBldg. 'San Fran )6s'51 F&A St Charles Hotel (Atl Cy) 6Ms *45 / 42 Mark Hopkins Inc— 1st income 4-6s Feb 1 1952..' / 1961—M&N Hotel 'Newark)— 72 m 70 71m Bldg 6«. 1941.-M&N / Lombardy (The) 6s 1942 M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 6 Ms '45 **0 Lord Nelson Hotel s f 4a '47.M&N Lords Court Bldg 5Ms 1942.J&D / Macrid Realty 3s Madison Inc (N Y O)— Mtge cum inc 3-6 Ms 1957M&N Manhattan Towers 6s 1948.M&S / Marcy (The) 6s 1940 F&A M 86M 15X J&D Without com stock .J&D 68 debenture 1951—On Sept/ Schuyler-Hudson 4s 1947 SeviUa-Bilt Hotel 7 Ms *37 ctfs / Shelburn Inc (Atlantic City)— 44 Midland 5 With stock Llncoln Office 27 Ann Oct Schulte Real Estate 6s 1935— 34 Inc 35X 20 Realty Assoc Sec Corp— Income 5s Oct 1 1943 J&J Repub Bidg'Denv) 3-6»'49.J&D Retail Properties— Deb 5s series A 1959 M&S Income deb 6s s«r B 1959.A&O / Rittenhouse Plaza 2 Ms Jan 1 1958 Robert Treat - Bldg— 39 M 29 26 Exchange Building (Seattle)— 1st s f 3-5s July 1 1955 F&A Perry Station P O (San Fran)—* Ext Income 3s 1952 J&D Film Center Bldg 4s 1949.-A&O 5th Ave & 28th St Bldg 6 M« 1945. / 5th Ave & 29th St Bldg 6s 1948... f 5th Ave & 55th St Bldg 4s '55 w-s 15 Park Row 4s w-s 1952 J&J / 50 B'way Bldg 3-6s 1946-._M&»/ 51 East 42d St 3s 1956..-An Mar / 51 Fifth Ave 4s 1943 A&O 52d & Madison Office Bldg— 1st Leasehold 38 Jan 1 1952 600 Fifth Avenue— 6Mst samped 4s 1949 J&D / 1500 Walnut Corp (Phila)— 1st 6s 1950 A&' / 25m 28m 20 & 1952 24 m 26 % F&A Loews Construction— Deb 5s Legended Lefcourt Lewis Morris Apts 31 30 49 1948(w-s)—A&O 37 44 Extend 1st 4-6 Ms 1948 1950 49 f4-5Ms 35 38 1 35 3M 40 19 1st extended inc 5m 1950—J&D 36 6s Jan f3-4s 1964_J&J Voting tr ctfs for common. Poll-New England Theatre— 36 23 m Lenox Hotel Inc 5s 46 s 33 42 30 1952—M&N Ath Club (Chic* 6Ms 54 Quincy Station P O (Chicago)— 65 'Erie, Pa.)— 1948 M&S « 45 52 99 1st 60 50 23 88 5s 1952.. / M&N / 2d non-cum inc 4s 1959.M&N/ Plerrepont Hotel 3-4s 1951.-J&J Pitts Hotels Corp 1st 5 Xs '48M&S / Mtge cum Inc 5s May 1962 ' Conv cum Inc deb 5s May 1967/ 47 Lawrence Hotel - 28 s Income 5 Ms ser A 5 Ms 4th series Lefcourt Manhattan Building 1st fee 5s 1948 J&D 26 / 1st s f 5s 1958 M&N Gen income 5sNov 15 '83. J&D Prudence Securities Corp— 6h 55 X 2m 21m Lake 8h 40 50 Mas Oolonade 14m 29 30 71 1 57 '57-M&S Pennsylvania Bldg 6s 1939 22 13 1958 F&A / Park Place Dodge Corp 19m 97~" . 15 29 65 1st M leasehold (Pittsb)— 70 1958 Park Crescent 6s (w-s) 1955 Park Lexington Co Inc— 79m Circle Theatre extd 6s 1946.M&S Cleve Term Bldg 1st tts 1941 J&J / - 32 m 46 Ohesebrough Bldg 6s 1948.-A&O OhicHerahl & Exam 6>as 33 98 f 6M J&D Orpheum Th & Rlty 6s *46.-M&S Palace Hotel (San Fr) 5s '45. F&A f P-images 'Alex) 6s to 1947-M&N Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 F&A 76 95 M s Ore Paramount Corp 4s 44 m 94 £uah Term Bldg—See Industrials Butler-llall 4M-5s 1947.Q Mar 25 Cent Manhattan Props 5s'46MAS / Central Zone Prop 6s w-s'53 F&A f ctfs 4 Ms (w s) General s f 2d 3s Aug 2M-5s 1957 (with stock)..J&D Graybar Bldg * wrictn* Inc/1st m leaseh 5s 1946 J&T Greeley Sq Bldg 6s 1951 Feb / Harrlmart Bid* ttf- 1951 M&N / Hearst-Brisbane Properties— 1st fee,& l'hold 6s 1939-41 J&D / 1st fee & 1'bold 6s 1942 .J&D / Herald Square Building— 1st s f inc. 3 M-6s May 1 1948. / Holly-wood Knickerbocker (L A) 1st 6s 1951 F&A Hotel Drake Oorp inc 3-5s '53F&A / Hotel Gibson Corp (Cinc)-^ 3-4s Apr 1947 Hotel Lexington units 4s '55.M&S Hotel Sherman, Inc— 1st 5s 1957 (w s) Apr / Hotel St George 4s 1950 A&O Hotel Syracuse Inc3-6s1955_M&S Hotel Taft Corp 5s 1947 F&A Jagels & Bellis Realty 6s '48.M&S / Grant Bldg 38 Building— 1950 Sec 18 Bellevue-Stratford 'Phila)— 5 Ms 1935 J&D/ Ben] Franklin 6s ctfs 1933 / Berkeley-Carteret 5 Ms'46.M&N / Blng & Bing deb 6Ms 1950 *&S/ Income 7s 1950 w-s M&S / Book Tower (Det) 2-5s *52.(w-s) Boston Insurance Exch Bldg— 1st Lse cum inc (w s) 5s Apr.'53 - 6m 17m 30 . 1 _ Y C) 1st mtge 2-4s 1952 M&S Granada Apt Bldg 6s 1938..M&S 92M 1st 58 ext 3-5s Diego)— M&S Governor Clinton Co Inc (N Bauman Boston Metrop ...J&D / 1940 76 M 36 s • 54 23 f fls 110 So Penn Ave (Atl City)— 6s 1944 (w-s) J&D 117-14 Union Turnpike (Kew Gardens, N Y) 5s 1953--F&A/ 165 Broadway Bldg— - — 18 55*s to Baker Hotel 'Dallas)— 1st - 37 5m 31 Gildred Bldg Co (San 1st s f 6s 1943 50 15 M s 103rd & West End Ave— Income 5s June 1 1942 1% 23 m J&J 2M-4s (w-s) 1949 15M Inc 6s 1957.M&S Bldg 'Los Angeles) 1948 (w-g)__._J&J non-cum Income 25 6 _ 40 1944 J&J Garrett Buildings (Chicago)— 1st 6s Non-cum inc 5s June 11949J&J / 34 *51—M&N 103 East 57th St Bldg 6s '41 M&N / One Park Ave 2d 14m 96 37 Arrowhead Lake 7s 1944-47. J&D / Assoc Chain Store Realty— 1st mtge coll 514s 1957—J&J Cum Income 6s 1957 A&O 13m 25 15m Bid Bonds Ask 1 1st leasehold 6Ms to 1941.M&S Fuller Bldg (GAP Realty Corp) 39 Arcady-Wilshire Oo (Los Ang)— Assoc Realty 6s 1939—J&J / l-4s__Mar 1952 1400 B-way Bldg 4-5s 1948.J&J 1410 B'way Bldg 3 Ms 1941 A&O Fourth & Market Rlty 6s '42-J&J Fox Det Theatre 6s 1942 A&O / Fox New Academy of Musi — 42 Broadway Bldg 48 St Real'n Corp Vork Gcrp— New Bid Bonda Ask Bid Bonds Abraham Lincoln Hotel (Reading, 101 BON|)S 6m 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, and are possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes sales. as near as 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 Capital National Banks Dec. 31 ALABAMA Dec. 31 State CALIFORNIA Institutions Dec. 31 Gross Surplus A Profits Deposits Par Bid Ask Surplus & Profits Capital Gross Deposits Par Bid Ask Nom inal. $ Birmingham— Bank for Savs. Ac Trts. Birm'ham Tr Ab 8a v 100.000 Common...... Preferred 500 000 .... % 113,000 Per 2,061,000 50 j/1232,893 5,000.000 ,1.484,997 3,400.000 80,650,392 Sacramento— $ 125,000 f Bank of Alex Brown- f 25 \25 375.000 1,000,000 1.000.000 3,935,313 31,223,585 30,434,765 25 25 ol ,688.000 Nom inal. {? 951,250 Citizens Bk of Sacra. Merchants Nat Bank Sumitomo Bk of Cal. 26 X " 27X First Nat Bank Merchants Nat Bk.. 318,549 1,783,032 1,769,970 uan "60"" 20 61M Montgomery300,000 / 1,000.000 100,000 317,791 959,344 99,292 4,916,370 21,149,432 3,264,005 San Diego Tr Ac S . 227,892 76,828 218,768 118,627 2,809,363 1,817,796 1,629,740 1,530,550 10 10 16 15H 15H 16 Selma National Bank Selma Tr Ac Sav Bank d National Banks Dec. 31 7M 20 22 100 98 102 25 ----- 100 100 Dec. 31 Nom inal. Per share. Bisbee— Miners Ac Merch Bk. PhoenixFirst Nat Bk of Ariz. Phoenix Sav Bk Ac Tr 250.000 / 934,501 188,500 600,000 1.190,400 Valley Nat Bank— Common.. Preferred. Tucson— 196,997 550.000 247.500 jl,530,307 3,660,375 100 Sou Arizona Bk Ac Tr 250.000 National Banks Dec. 31 543,468 45,995,511 0 (5 re cent \QH 10,387,213 sa 146,664 4,461,269 50 29,879,010 010 19 250,000 480,000 600,000 270,000 798,409 14,111,347 f25 35 298,523 70,076 10.847.399 3,679,249 B United States Nat Bk d San Francisco— les Union Trust Co Yokohama Specie Bk American Tr Co— 100 95 100 125 *9 H 20 9Ji 80 *110 117 7,966,186 146,362,064 82,278,753 1632228397 12H / / / 37 H 40 138,877 3,405,564 100 295,772 5,289,094 100 "2l2" 216" 500,123 17.720,922 171 100 174 8,393,314 176,191,230 100 285 300 9,336,629 174.6.59,899 1000 10,150 355,964 11,209,812 70 100 75 „ - 9,000,000 1.360.000 / 8,875,466 316,708,451 411,509 8,096,004 100 ...... First National Common 295 i - 1 « 1 - 1 m • P Common.. 7,500,000 19,681,574 322,960,085 20 Preferred...... 7,500,000 San Jose— First National Bank. 600,000 916,265 11,793,030 100 Santa Ana— Commercial Nat Bk. d 134.000 / 151,504 1,690,922 12 H 31K 493^ Z4H 52& Bk- 566.000 434.000 200,000 1,000,000 375,000 / .... / 220,391 565,286 981,582 166,520 9,348.792 J100 1100 5,387,428 12,309,635 2,782,279 N o 100 re cent 100 sa les 100 Dec. 31 Nom inal. Per share. First National Bank. Merchants Nat Bank ----- ]25 Bank... dl5,900.000 10,005,300 203,150,667 Bank of Calif, N A.. 6,800,000 Bank of Amer Nat Tr Ac Savs Assoc 62.000,000 Bank of Canton 500,000 Bank of Montreal— 1,000,000 Canadian Bk of Com 1,300.000 Stockton— First National Bank. Stockton S Ac L Bank Union Safe Dep Bk.. 100 100 Anglo California Preferred...... Fort Smith— 275.000 / lee State Institutions ARKANSAS City National Bank. sa {? 19,253,101 t 20 4,452,921 t 25 N .... re cent 100 979,727 Crocker First Nat Bk 6,000 000 The San Fran Bank. 6,000,000 Pacific Nat Bank d1,000.000 Wells Fargo Bank Ac State Institutions ARIZONA 100 100 175,000 Security Tr Ac Sav Bk National 400,000 120.000 200,000 342.500 N o 100 d1,750,000 Common... Selma— City National Bank. People's Bk & Tr Co. d share 100 Diego— First Nat T Ac 8 Bk. Preferred Alabama Nat Bank. First Nat Bank Union Bk & Tr Co. Per 1,937,469 39,719,262 1,921,991 6,299,161 1,403,049 San Bernardino— American Nat Bank. d Mobile— AmetrNat Bk & Tr Co % 203,248 1,918,923 50.000 / 185,717 245,250 / 132,794 145,000 49,061 Capital Nat Bank— 34,282,321 First National Bk— Common..... Preferred... share. 2,386,002 8.948,939 10,258,161 300.000 / 200,000 100,000 / 665,047 164,359 45,647 11,533,482 5,230,766 1,287,881 20 25 N 0 re cent 25 sa les 15,075.109 120 W B Wort hen Co 300,000 V 445,464 185,500 663.000 f 494,829 19,248,888 50 Pine BluffNat Bk of Commerce d Simmons Nat Bank. 100.000 500,000 2,680,242 15,122,031 100 CANADA {pagelit) 100 500.000 500.000 112,224 698,783 595,946 100 25 National Banks Little Bock— Commercial Nat'l Bk Peoples Nat'l Bank.. Twin City Bank Union Nat Bank— Common... Preferred 120 100 Exchange Nat Bank. First National Bank. "355" Dec. 31 CALIFORNIA Farm Ac Merch Bank 1,000,000/ 852,770 206,221 18,806,821 3,305 426 J4,158,051 136,375,302 100 Secur-First Nat Bk— 24,000.000 133071221 619,636,922 7.000,000 Union Bank & Trust. 2,500,000 2,957,291 44,013,356 336.850 / 95,139 2,000,000 2,921,913 300.000 / 309,479 20 100 Preferred.. Pasadena-First N Bk d Union Nat Bank.... re cent 24 les 25 23 405 48 24 415 1,947,709 100,000 I 58,000 300,000 300.000 160.504 3,023,647 J100 375,183 408,285 6,167,806 11,542,543 100 100 500,000 350.000 789,272 89,246 10,118,351 5,697,452 50 100 "96^ Minnequa Bank Pueblo Sav & Tr Co Common 6,506,673 100 600,000 [1,002,596 400,000 150,000 80,070 300,000 299,356 16,391.562 / 25 Preferred * a \25 20 100 1,741,024 159,776 .->00.(10 500.000 30.000 23,158,112 2,338,238 t 121,923 192,000 Sale price. 100 50 100 N o re cent sa les "loo 100 100 100 100 '5,133,826 1100 1100 , Outstanding preferred value and retirable at $50 b March 2,925,315 4,556.455 UOO 2,833,461 2,414,336 3,854,052 58,063 32,470 1,100,000 ioo ,ooo 41,665,819 J100 2,094,690 40,654,821 67,926,286 1,735,286 1,017,032 30,214,644 21,820,286 t Controlled by the Transamerica Corp 50 703,648 \100 1,000,000 11,984,639 300.000 50.000 140,871 1.260.000 2,062,420 Denver Nat Bank First National Bank. 1.500.000 National City Bank. d 100,000 Union National Bk d inn.oon 7 S National Bank., international Tr Co. Pueblo— First National Bank. share. 20 48 H 25 100 Sav Bk- Common...... 125 4,122,214 47,876,281 12,713,083 300,000 Per 151,667 .. Common.... First Tr Ac Nom inal. 50,000 . 50 / 25 o 140 5,342,047 131,719,954 5,420,000 158,048,477 Preferred Oakland— Bank of Commerce.. Central Bank Farmers Ac Mer Sav. Pasadena— Citizens Ooml Tr & S N sa 5,000,000 3,000,000 ... Preferred Colorado State Bank Dec. 31 Nom inal. Per share Western Tr & Sav Bk d 225.000 Los Angeles— California Bank— Common 5,000,000 Preferred 800,000 Citizens Nat Trust & Savings Bank Farmers Ac Mer Nat Common State Institutions Long Beach— Institutions Dec. 31 Denver- American Nat Bk Central Sav Bk Ac Tr d Colorado Nat Bank National Banks SHte Colorado Spgg.— Colorado Sav Bank Colorado Spga Nat B Common Preferred class A.. 100,928 ,065,735 COLORADO Dec. 31 26, a 1st pref. of $20 par share, and $700,000 of 2nd pref, stock. 1940. Savings deposits. /June 29, 1940. c 130 of San Francisco. Calif. stock consists of $988,000 d Common and preferred stock outstanding. Quotations for the San Diego First National Co., which controls 97% of the stock oi the First National Trust & Savings Bank of San Diego, Calif 0 I Last sale price. V Psr value 100 yen. n New stock. AND TRUST BANKS FEB., 1941] National Banks Dec. 31 CONNECTICUT 103 COMPANIES State Institutions National Banks Dec. 31 Dec. 31 Surplus Surplus & Deposits Miami— Nomi nal. Per Common Preferred Black Bock Bk A Tr. Brldgep*t City Tr Co $ 394,785 500,000 1,440,000 160,337 12C.OOO c 2.200.000 cl,436,537 5}* 4M 5 35,383,322 share. 30 28 25 c 40 45 24 26 Common... 266,474 2,159,623 244,171 1,201,467 1,080,831 182,234 4,513,034 c 203,772 2,256,900 171,452 4,238,937 231,763 177,903 c 110,687 4,723,695 8,591,507 21,128,804 1,895,135 93,644,535 165,000 96,000 Preferred f 25 300,006 150,000 1.150,000 [100 Oonn River Bin? Co. First National Bank. Qlastonbury Bk & Tr 100,000 4,000,000 100,000 1.600,000 100,000 4.000.000 100,000 250,000 125.000 Hartford Nat Bk A T Industrial Bank Pnoenlx St Bk A Tr. East Hartford Tr Co Hartford-Conn Tr Oo Park Street Tr Oo... Riverside Trust Co. Simsbury Bk A Tr Oo 25 480 100 120 70 50 29}* 10 31}* 50,000 1 50,000 500.000 200,000 Preferred Travelers Bk & Tr Oo West Hartford Tr Oo Windsor Trust Oo. Meriden— Home National Bank Meriden Nat Bank.. Meriden Tr A 8 D Oo 100.000 Puritan Bk & Tr Oo. » II ew Haven— Amer Bank A Tr Oo. a 205,000 a 112,750 2,180.000 100 140 160 7,149,828 [ 20 [ 20 100 6,705,979 35 40 68.000 100.000 324,087 200,000 1,332,349 15,202,999 516,209 152,502 7,220,816 4,378,192 100 St. Augustine— Exchange Bk St Aug St Augustine Nat Bk h 100,000 200,000 23,868 58.909 1,838,802 2,679,329 100 100 238", 446 10,362,763 25 45,036 649,690 1,217,066 189,601 1,105,344 18,551,228 21,821,153 2,146,824 100 100,000 86,505 2,164,355 100 200.000 330,092 8,617.447 100 60 280 25 25 70 45 11 25 43 TampaBroadway Nat Bank 20 Exchange Nat Bank 1,250,000 First National Bank. al .000,000 First Sav A Tr O) West Palm Beacb 8t. 75" ...... Petersburg bl00 200,000 400,000 300,000 o g 500.000 Fla Bank A Trust Co West Palm Beacb At¬ lantic Nat Bank. d 22 25 12 100 25 125 12 2,867,264 100 100 115 1,252,517 25 National Banks Institutions State GEORGIA Dec. 31 248,483 100 100 15 140 15 ; 100,000 _ 21 25 Petersburg- Florida Nar Bank. Union Trust Co 100 1/100 100 180 54 25 11,762,277 4,971,551 1,803,507 100 First Nat Bank In St 20 25 Dec. 31 Community Bank & Trust Co. First Nat Bk A Tr Oo Nomi nal. New Haven Bk NBA Seoond Nat Bank... Yrademen's Nat Bk Common : 800,000 750,000 45,915 1,202,723 1,181,163 964,859 32,546,961 50 14,483,242 15,383,712 37 62 50 72 Atlanta— 39 50 75 170,000 [c 103,701 170,000 1.458,700 1,320,360 Preferred On A N Haven Tr Oo New LondonNat Bk of Commerce 20,562,405 554,145 5,256,380 Fulton Nat Bank— Common 100 300.000 154" N 342.832 a 212.500 a NorwichThames Bk A Tr... Oncas-Mercb Nat Bk 550,000 n 200 .OOi 2,563,248 2,258,849 1,161,087 422.505 3,462,037 1.946,789 1,363,610 705,766 1,216,192 300,000 93,300 193,885 51,644 188,413 J 14,285,219 6,270,332 12,292,065 Ga Sav Bk A Tr Oo. Trust Oo of Georgia 100 100 sa 19 100 125 130 100 100 135 145 160 100 135 170 145 100 160 Stamford— First-Stamford Nat'l Bank A Trust Oo. 1,000.000 200.000 fidelity TitleATr Oo Stamford Trust Oo. 700.000 973.958 14,381,880 271,000 300,000 I 184,000 500,000 2,712,266 212,559 300,000 ''nnimon 13,063,779 4,397,899 Waterbury Trust Co 6,954,426 f 25 ( 32 25 100 Savann ah Bk A Tr DELAWARE 203.175 1,000,000 1,500.000 672,600 Equitable Trust Oo. Security Trust Co... Wilmington Tr Co.. 1,191,956 720,063 987,215 2,832,942 cl,059,978 4.000.000 12,369,028 153 tio 15 X 15}* 100 170 100 100 110 100 85 95 100 140 100 35 145 40 100 245 260 15 H 100 15 H 15 X 10 15}* 100 100 '62"" Common 200,000 I 118,000 Debentures 1,921,525 100 110,362 State Institutions Dec. 31 IDAHO State Institutions Dec. 31 Wilmington— 625,000 775 150 50 Per 320,348 210.000 500.000 C4,625,716 750 275 "99" 163" Citizens Bk A Tr Oo 90 2,541,205 20,303,659 3,929,639 4,386,350 13,768,719 24,901,047 10,217,776 122,733,386 100 300 49 share 110 50 25 25 64 100 165 25 70 60 Ida 1st Nat Bank— Common 1,000,000 ... jl,311,544 550,000 Preferred First Secur BkN.A. al,200,000 cl,286,866 Boise Trust Co 56,820 125,000 n ... mm mm 28,897,644 100 N 0 re cent 28,330,866 100 100 sa les 78,273 mrnmm mm m 73 National Banks 134 50 Nomi nal. Per share Boise City- Nomi nal. Central Nat Bank... Farmers' Bank Industrial Trust Oo. Union Nat Bank Delaware Trust Co.. 260 3,732,086 120,459,768 280,725 6,216,117 6,620,354 286,817 r5,000.000 500,000 635,000 a Dec. 31 Dec. 31 31H 3,732,086 120,459,768 t 10 100 112,890 1,816,199 10 8,538,605 299,951 110,000 National Banks National Banks 1~5X 30}* Savannah— 28 "80" 153,105 246,231 63,084 398,499 500.000 Liberty Nat Bk A Tr Waterbury Nat Bk— Preferred... Colonial Trust Co... 9,239,310 3,021,348 2,804,105 1,424,836 4,283,333 1,180,260 First Nat Bk A Tr Co e Oitis A So Nat Bank aoo.oou "15 X 100 11.319,043 3,732,086 120,459,768 3,498,376 291,315 Otly Bank A Tr Oo.. Wateroury— Oitis A Mfrs' Nat Bk 750,000 724.741 277,691 : Oitis A So Nat Bank r5.ooo. ooo Nat Exchange Bank I 250,000 Columbus— Columbus Bk A Tr s 850,000 First Nat BkofOol.. 200.000 Fourth Nat Bank. 200.000 Home Savings Bank 75.000 Merch A Mech Bank 200.000 Macon— Oitis A So Nat Bank T5 .OOO.000 les 25 3,223,000 980.000 a Augusta— Georgia RR Bk A Tr o re cent 50 e2.000.000 40,490,400 /100 1100 100 4,500,000 100 41,967,786 ,1,744,067 1,000,000 475.000 Preferred 109 100 125,616 917,215 3,732,086 120,459,768 t 10 10 5,041,382 136,733,477 : 200.000 Citix A So Nat Bank r5,000,000 First National Bank 5.400,000 73 1100 100 3,380,361 /100 share. Per American Sav Bank. 65 New London City National Bank... Onion Bk A Tr Co.. Win thro p Trust Co.. 130 130 100 100 400.000 200.000 25 383,783 6,375,774 76,451 1,721*.426 109,605 *13,198,324 58,773 1,478,572 c 20.794,442 100 25 1100 c 125 925,787 1,358,824 / 25 969,233 292,097 138,236 c 500,000 150.000 100,000 147.000 i 44 110 240.203 79,340 c 25 100 59,718,587 2.378,883 64,272,626 4,390,991 4,352,426 2,141,351 «o End Bk A Tr Co- Common...... 13,529,956 4,521,048 First National Bank. Pensacoia— American Nat Bank Oft A People'* Nat Bk 29 30 100 132,000 i r 465,533 Florida Bank Palm Beach Hartford- Capitol Nat Bk A Tr None 300.000 Preferred c 100 100 100.000 Common 100 160 3,693,470 42,514,680 40ft 000 Bank. Orlando— First National Bank 100 2,052,406 45,926 share. 164,609 958,152 97,410 494,112 121,547 100.000 Florida Nat Bk A Tr Little River Bk A Tr Miami Beach First 7& fc~42~ \l* 2,190,264 28,346,586 25 25,000 122,500 25.000 Ask Bid Per $ 200,000 1.200.000 Amer Bk A Tr Oo... First National Bank. First Trust Co National North End Bk & Tr Common 1st preferred... 2nd preferred West Side Bank— Par <* Nomi nal. BridgeportFirst Nat Bk A Tr Co Cross Deposits Ask Bid Par Dec. 31 & Profits Capital Cross ProHts Capital State Institutions FLORIDA 221 State Institutions Dec. 31 ILLINOIS Dec. 31 Nomi nal. Per share AuroraAurora Nat Bank.. Merchants Nat Bank ">ld Second Nat Bank a 160,000 300,000 375,700 c 241,374 382,703 45,588 4,505,166 6,058,157 3,669,560 100 100 100 42,555 190,791 265,950 176,134 1,642,397 2,974,094 6,335,540 2,953,918 100 N 0 re cent sa lea Belleville— Nomi nal. Per share. Belleville Savs Bank. 100 160 First National Bank 10 27 31 100 195 200 100 325 Washington— a Anacoetia Bank City Bank ... 145,000 0 475.000 250,000 Columbia Nat Bank. Bank of Oomm A Sav Hamilton Nat Bank. 100.000 1,000,000 500,000 liberty Nat Bank Lincoln Nat Bank McLachlen BkgOorp Nat Bank of 400,000 a Wash. Nat Capital Bank— Nat Metropol Bank. Rlggs National Bank 340,000 1.050,000 200,000 800,000 86,347 c 546,531 c 636,858 344,213 1,272,038 494,046 978,999 c 235,898 871,884 c 217,456 c 1,940,130 2,166,593 11,175,335 5,565,111 4,859,826 32,098,798 10,235,032 13,413,173 6,187,131 12,540,861 2,694,136 30,628,959 20 •29 100 169 100 51 m 100 100 31 200 280 55" 170 100 3,000,000 16,151,466 130,816.450 (100 1,000,000 \100 60 Second Nat Bank 543,135 10,697,998 500,000 Secur Sav A Com Bk a 9,867,954 100 451,497 510,000 Amer Secur A Tr Co. 3,400,000 5,532,780 59,474,315 100 Common Preferred 100 271 100 120 366"" 285 1,000,000 12,202,362 250,000 2,000,000 1,272,322 1,000,000 1,940,080 1,000,000 2,578,542 Income debentures Munsey Trust Oo Union Trust Oo Wash Loan A Tr Oo. 19,768,640 {100 78K 185" 245 199 220 100 85 50 74 100 231 St. Clair Nat Bank.. 100 100 100 Chicago94,225 400,000 4,582,228 100 a 1.600,000 2,551,036 79,089,872 100 40 Austin State Bank. 200,000 i 172,841 6.173,920 40 Avenue St Bk Oak Pk 193,991 8,087,658 1380,000 Beverly State Sav Bk 100,000 c 118,875 3,060,185 100 10 Central Nat Bank... 358,031 300,000 14,144,451 100 Oity Nat Bk A Tr Oo 4,OOOt'MHi 3,701,404 175,496,963 Oont 111 N B A Tr Oo 50.000,000 55,221,86311491577 548 33 ii Coot Nat Bk A T Co 559,048 1 430,795 100 1,500,000 Oosmopollt'n Nat Bk a 250,000 101,284| 4,377,062 100 Bank.. Am Nat Bk A Tr Go. State 25 30 230 240 a 104.000 Ic 85,465 4,045,523 / 20 I 30 96.000 40 200,000 8,878,903 180,249 100 Drovers Nat Bank 1.000,000 1,067,584 35,348,995 100 First National Bank 30.000.000 42,485,640 1159424959 First Nat Englewood 784,753 200,000 5,338,577 100 100 Related Kxch Nat Bk 200.000 309,652 10,046,911 20 Industrial Nat Bank. a2,000,000 2,045,680 7,843.605 Common 165 230 — 6,839,480 14,389,198 26,924,364 100,000 300,000 347,000 150,000 19 21 31 34 100 19}* 84 — — - 175 "22" 113 87 109 - m " «• m « 200 District Nat Bank— Nat Sav A Tr Co— Common Belleville Nat Bank Aetna 220 50 m "80" 18 .... 21 Preferred Drexel National Bk 0 "28" 32 145 153 277 285 250 185 46 — rn rn a mm^rnrn 48 245 * Sale price, t Branch of Savannah. Includes preferred stock or debentures outstanding. b Retirement price. c June 29, 1940. a National Banks Dec. 31 FLORIDA State Institutions Dec. 31 d Member of the Atlantic Group In Florida, Affiliate of the First National Bank of Atlanta, Ga. /March 26, 1940. s Nomi nal. Per share. Jacksonville— 68,696,350 31,205,774 45,472,247 1,323,046 10 10 11 100 25 205 210 27 30 50,000 1,762,858 1,838,631 1,814,210 45,774 100.000 181,329 2,095.338 25 Atlantic Nat Bank.. d3.000,000 1.500.000 Barnett N B of Jack. Florida Nat Bank <71.500.000 Spr'fleld Atlantic Bk 100 Lakeland— Florida Nat Bank.. a Member of the Florida National Group. n Affiliated with the Barnett National Bank of Jacksonville. i Sept. 30, 1940. k New stock 0 Drexel State Bank, Chicago, 111., Bank, effective Jan. 4, 1941. r Combined statement. t Trust funds. 0 Florida. I Last sale. n Dec. 30 1939. converted to the Drexel National y Stock all owned by Travelers Insurance Co. s Ex-dividend. 104 BAMS National Banks Dec. 31 ILLINOIS Surplus dc, Profits Capital Institutions COMPANIES National Banks Dec. 31 Dec. 31 State Institutions IOWA Dec. 31 Gross Deposits Par Bid Ask $ 250,000 700,000 $ 223,707 2,826,645 20 249,258 9,234.543 50 85 89 275,000 1 325.000 300.000 403,891 13,538,364 no 11 13 521,646 1,628,197 14,747,107 29,671,339 100 20 225 59 '6,877,546 7,874,156 27,743,647 21,759,816 9,282,402 3,702,666 13,396,424 8,184,585 13,489,557 400.00(1 4,766,031 250,000 20,378,624 600.000 10,864,122 300.000 50,233,477 1,000,000 i 5,703,833 200,000 11,268,044 500.000 1,018,894 24,976,257 I 750.000 526,777 13,297,592 400,000 73,834 3,669,958 200.000 343,806 10,176,492 200.000 110,049 3,511,637 200.000 105,156 3,675,827 150,000 315,668 9,366,394 200.000 344,179 7,799,253 200.000 536,842 9,205,101 300,000 421,074 11,947,145 300.000 r 225,210 3,862,089 200.000 420,742 10,788,672 I 400,000 413,525 5,609,788 300.000 1,140,197 29,300,565 800.000 485,225 12,589,689 541,000 87,928 1,364,239 200.000 6.000,000 11,891,758 305,856,204 475,0641 17,172,594 i 700,000 1,626,714' 35,834.178 500.000 3.000.000 10,894,956 397,232,948 688,734! 10,748,004 300.000 100 Surplus & Profits Capital 185 100 Kaspar Am State Bk LaSalle Nat'l Bank— i Lawndale Nat Bank Common... Preferred Liberty Nat'l Bank - Lire Stock Nat Bank 1,000,000 Madlson-Orawford Natl Bank Main State Bank MerchandiseNat'IRk Merchants Nat Bk_. Metrop State Bank.. Bank _ Milwaukee AvN't Bk M utual Nat Bk of Oh Nat Bk of Hyde Park Nat'l Boulevard Bk. National Security Bk Nat Stkyds Nat Bk. North Shore Nat Bk. Oak Park Tr&8av Bk Pioneer Tr & Sav Bk Sears-Com State Bk. gkala Nat'l Bank... South East Nat Bank South Shore Nat Bk- Clearing, fermlnal Nat Bank. Unlv St Bkof Ohlc.. Upper Ave Nat'l Bk. Uptown Natl Bank _ Western Sti.te Bank Amalg Tr A Sav Bk. Banco di Napoli Tr. OhicOIty Bk & Tr Drovers Tr & Sav Bk East Side Tr&Sav Bk Harris Tr & Sav Bk . Lake Shore Tr & S Bk Lakeview Tr A; 8 Bk. Northern Trust Co.. Pullman Tr A Sav Bk Per share. ' 5^ 7H no 234,326 356,270 1,238,795 665,659 392,528 96,066 223,964 236,408 498,037 101,734 931,987 357,745 1,879,606 129,808 675,388 200,000 200,000 500.000 600,000 200,000 200.000 400,000 200.000 Mercantile Nat 1 Bk. State Bk of TRUST Gross Deposits Par Bid Ask Nomi nal. Chicago (Concl.) Mld-Oity Nat State AND 62 160" 100 148 240 250 100 123 130 100 133 82 140 100 100 20 100 115 92 120 25 28 120 24 200 150 215 100 "15 "25"" "30" 11 100 64 People's Sav Bank.. United State Bank 165 36 175 100 154" 160" 100 100 135 145 25 40 100 "36" 20 100 100 "39" 75 266" 190 100 85,529 88,835 2,416,678 3,062,289 200,000 135,509 500,000 (72,185,537 250,000 g 161,720 50,000 g 46,045 Guar Bk & Tr Co Merchants Nat Bank 3,163,560 32,234,661 5,062,964 1,094,174 100 / 100 25 100 20 N 100 Council o re cent sa les Bluffs- City National Bank. Ooun Bluffs Sav Bk. (first National Bank. 150,000 150,000 Oommon 190,261 221,944 90,000 3,325,821 4,802,447 100 100 63,009 1,625,506 100,000 /100 1100 98,565 2,071,694 100 600,000 2,310,690 31,489,462 100 750,000 250,000 150,000 ,113.857 22,784,563 (25 150,341 3,188,771 25 100 660,000 340,000 150,000 50,000 ,121,856 70,351 34,987 2.440,749 847,358 50 Oo. .500,000 150,000 .,633,137 368,101 46.524,285 6,125,373 100 100 First National Bank. Amer Tr & Sav Bank 300,000 250,000 495,672 190,471 10,462,569 5,259,435 100 400,000 250,000 300,000 250,000 100,000 292,000 334,710 388,708 Preferred State Savings Bank. | 10,000 DavenportDavenport Bk & Tr. Doa Moines— Bankers Trust Oo— Oommon Preferred 68 100 125,000 200,000 Nat Bk of Burlington Cedar Rapldz— 160 50 $ Farmers & Merch S B 130 19 Burlington- Nomi nal. Per share. Jap Oity State Bank Cent Nat Bk & Tr Oo Oommon Preferred ... Oes MolnesBk&TrOo First Fed State Bank Iowa-Des Moines Nat Bank & Trust Val'.3y Sav Bank 100 27.884,238 (100 Uoo Dubuque— 100 100 50 75 79 100 100 100 110 25 30 100 50 100 100 320 70 310 520 330 75 330 535 100 170 180 100 N Toy Nat Bank Security Nat Bank.. Woodbury Oo Sav Bk 10 6,900,000 6,411,429 MOO 100 8,827,903 100 7,474,610 2,811,657 100 252,092 136,768 o re cent sa Biouz CityFirst National Bank Live Stock Nat Bank les Elgin— Elgin Nat l Bank Pirst Nat'l Bank. Peoria— Cent Nat Bk&Tr Oo Oom Mer Nat Bk&Tr First National Bank. 600.000 2,000,000 660.000 Jefferson Tr &8av Bk Common Capital notes 200.000 50,000 150,000 .1 South Side Tr& Sav B Quincy— B'dway Bk of Quincy 111 State Bk of Quincy 93,892 719,043 185,194 1,637,052 9,369,515 2.268,831 831,342 1,294,352 1,743,666 100,000 g 300,000 100.000 g __ Union Nt Bk&Tr Co 12.377,749 50 68 75 27,007,625 16,915,557 20 17 50 13MJ American Nat Bank. 150.000 51 First National Bank. Kansas City — Comm'l N Bk of K O 250.000 J 198,249 4,273,142 146,047 1,938,009 National Banks 0 50 50 55 io5 60 Nomi nal. Hitohinson— 65 Common Per ... 109,999 251,126 300.000 ..... Preferred 434,000 Scchange State Bank 621.465 100 J 149,750 4,219,919 66«j 152,300 35,354 43,000 105,433 6,841,332 1,003,575 745.000 1,678,268 200,000 g 100,000 50,000 State St Bk & Tr Oo 0 200,000 Rockford— Illinois Natl Bk & Tr 100 55 60 70 , 75 ""75"" "so"" 100 50 60 100 35 40 100 275,000 g Bk. 100.000 g Leavenworth— (first National Bank. Leavenworth Nat Bk Manufac'rs State Bk I 261,957 R'verview State 100 13,578,961 f 192,680 123,072 10 10 100 531,143 2,766,379 1.438,954 6,601,963 5,270,961 160,000 g 150,00C 50,000 g 161,513 275,229 34,518 2,173,200 2,667,581 924,352 100 600.000 400.000 77.500 First State Bank share. 100 3,596,258 4,845,739 J 271,342 200.000 75.000 g Security Nat Bank.. 14,904 200,000 125.000 Debentures Mercantile Tr & 8 Bk Peoples Bk of Quincy S th Side Bk of Quincy g Institutions Dec. 31 les sa J 50 State KANSAS Dec. 31 rec ent 20 100,000 Common 445,753 292,073 8,217 73,446 63,020 76,892 229,671 642,606 40,843 44,934 100 N o 100 100 re cent sa les 100 100 s Topeka— Co Swedish-Am Nat Bk. i Third Nat'l Bank 200,000 242,000 600.000 g 13,859,024 6,829,510 10,698,839 100 100 110 40 40 60 65 40 45 Fidelity Sav State Bk Guaranty State Bank 11,176,085 6,300,424 14,975,124 100 185 195 50 110 120 100 130 140 Kaw Valley Scate Bk Merchants' Nat Bk. Nat Bank of Topeka Scate Savings Bank. Springfield— 500.0001 Springfield MarineBk 500.0001 300.000 National Banks Dec. 31 INDIANA State Institutions Dec. 31 Nomi nal. Evanaville— Citizens' Nat Bank.. Per Citizens Tr & Sav Bk Franklin Bk & Tr Oo i Indiana Tr & Sav Bk. Lamasco Bank National City Bank. North 8ide Bank i Common 500.000 100,000 164,900 127,500 100,000 500.000 234,300 1,015,192 188,410 22,989 98,000 61,730 815,578 48,956 16,811.129 1,426,195 1,586,150 1,587,000 1,187,000 14,753,040 2,087,000 500.000 500.000 Mutual Peoples Savings Bk. J 424,982 1,730,000 841,097 24,538,561 Wayne— Lincoln Nat Bk & Tr 100 200 share. 225 100 160 175 100 100 110 110 Union Stock Yds Nat 100 150 100 115 125 100 100,000 50.000 200.000 500.000 100 000 100 000 i ' , 1.000.000 1.000.000 1,342,790 1,515,421 100,000 200.000 36,742 12,141,929 1100 1,232,912 100 416,071 2,457.921 100 100 1,148,246 100 694,518 125 9,434,559 11,055,214 150 100 1,439,451 125 1,481,391 27,822,222 100 31,977,306 1,239,434 2,391,476 100 110 160 110 200.000 Oommon........ 100 r 16,593,585 101 100 100 100 100 100 100 100 N 480,000 250 225 100 302,030 Union National Bank Preferred i 110,000 90,000 100,000 National Banks Dec. 31 , 100 4,153,525 ( 621, 190,032 \62i, 41,574 Institutions State KENTUCKY 0 20 re cent 20 sa 340.000 j 784,347 18,842,343 250,000 300,000 43,168 1,172,206 1,590,797 13,135,925 20 20 400.000 916,502 44,000 18,981,423 3,300,000 100 90 120 100 100 125 les a62X 50 1,231,587 Dec. 31 Nomi nal. Covington— Ft Wayne Nat Bank Common Preferred Dime Trust & Sav Bk Debentures Topeka State Bank.. WichitaFirst National Bank. Fourth Nat Bank... Kansas State Bank.. Ssuthwest Nat Bank i 8,349,327 1.200,000 Preferred Central Nat Bank... General Trust Oo... Oltizens State Bank. 499,329 353,027 364,610 801,517 385,645 627,4751 g First National BankIllinois Nat Bank... sort N 100 100 100 Citizens' Nat Bank.. First Nat Bk & Tr Oo Peop-Lib Bk & Tr Oo i OovlngtonTr&BkgOo Per 290.000 478,635 323,790 share. 100 175 10 10 18 29 6 34 88,319 4,981,995 6,032,609 6,964,547 1,710,101 304,513 2,977,134 100 132 135 200.000 I 87,000 200,000 l.OJO.OOO 1,251,686 150,000 1 370,208 150.000 1 270,319 500.000 1 255,000 1,681,460 no i 250.000 503,500 150,000 < 300,000 206,536 50 21"" 3 ' People's Tr & Sav Oo Gary— Gary State Bank i Gary Tr & Sav Bk._ i 200,000 g Indianapolis— * American Nat Bank. Common 1,000,000 Class A preferred. Fountain Sq State Bk 725,000 Indiana Nat Bank Live Stock Exch Bk. Madison Ave St Bk J 1,541,520 4,000.000 Marion Oo State Bk. Merchants' Nat fik. 100.000 i 132,112 9,368,784 200,000 23,285 200,000 87,500 i 70,000 1,250,000 People's State Bank. i 365.000 Bankers Trust Oo 2,508,555 62,432 500,000 Fidelity Trust,Co... i 12,741 280,600 366,743 184,835 Fletcher Trust Co— Common 1.500,000 Debentures 690,000 Indiana Trust Oo... 1 000,000 Security Trust Oo... i 399,200 Unlon Trust Oo 1.000,000 South Bend— American Trust Co.. i City Nat Bk & Tr Oo First Bank & Tr Oo. Merchants Nat Bank 8t i Joseph Bk & Tr Oo i 46,797,009 ( 10 I 10 100 2,596,664 144,777,787 100 1,466,152 100 100 1,113,007 100 731,202 100 41,037,861 20,345,214 100 100 3,794,522 100 4,647,988 Jl,136,629 43,130,846 1,220,605 15,941 2.649,662 18,351,192 4,355,830 22,262,498 129,814 193,336 534,046 281,305 159,726 4,452,392 5,471,697 13,002,214 5,578,950 5,502,680 346.000 500,000 g 600,000 250,000 200,000 Q jioo Lexington— 3auk of Commerce— Citizens Bk & Tr Oo. 15 16 alO 220" 215 Oommon... Preferred First Nat Bk & Tr Oo Sscond Nat Bank Union Bank & Tr Oo Security Trust Oo 1.000,000 2.000.000 1.000.000 Liberty Natl Bk & Tr il .800.000 Security Bank— 300.000 KeutuckyTltle Tr Oo el.000,000 Lincoln Bank & Tr.. 750.000 Stock Yards Bank.. 100,000 First National Bank. 247 — 110 152 162 Louisville Trust loo 525,000 172 290,^296 50 * Common Preferred ...... J (7154,205 9 11 100 130 140 c 50 50 140 55 150 6,440.111 flOO (100 J 727,388 20,820,707 300 100 250 275"" 100 335 340 285 77,453,259 1001 C265 8,901,084 loot 112 49,899,188 106 103 28,119,966 2H 2% 3H 100 213 5 3,381.461 100 7.619.939 16,065,240 1,958,996 20,038,180 1,463,167 100 152,191 1,785,116 6,298,828 100 100 100 101 135 100 201 10 7 26 i38~~ ..... Q 555,742 (250 d New stock. No 20 10 re cent sa 750,000 250,000 100,000 100,000 Sale price. 10 les a Pref. stock retirement price, Citizens Union Fidelity unified certificates. Affiliated with g 250.000 240.000 "152" 104"" — American Nat Bank. e ........ 50 100 i Newport , Newport Nat Bank— ioo 4 H 110 14,580,915 3,208,497 2,382,059 3,634,893 1,081,869 719,350 145,410 1,154,233 127,634 11,950.000 United States Tr Oo. 100 100 385,150 165,259 — Oo. June 29, 1940. Terrs Haute— Oommon 3,206,378 1,730,984 2,798,168 Fidelity & Oolum Tr. "55" 4* LouisvilleCitizens' Union N B. 152 Merchants Nat Bk— Preferred. Terrs Haute 1st N B: 1 the First National Bank of Louisville. h Member of Northwest Bancorporation. i Oommon and preferred stock or capital debentures outstanding r Sept. 30, 1940. rs No stock outstanding. x Ex-dividend. , National Banks National Banks Dec. 31 Cross Surplus & Profits Capital MASSACHUSETTS Institutions State LOUISIANA Dec. 31 105 TRUST COMPANIES AND BANKS FEB., 1941] Capital Ask Bid Par Deposits Surplus dk Profits Cross $ Nomi nal. Baton Rouge— City National Bank Common 300,000 156.500 Preferred I10 20 11,876,392 (100 \ 80 160 j 700.120 iio 300,000 175.000 Preferred j 550,255 • 1.000.000 12,330,174 250.000 I Preferred 62,354,531 Common Preferred Nat Bk of Commerce Common Jl,816,247 Preferred. 20 20 ' Louisiana SB & T Co Whitney Nat Bank. Shreveport— Pirst National Bank. 402,926 700,000 i 23% 190 140 200 110 100 100 1 8 8,072,731 50 72 106 o rec ent lee sa 20 302,500 311,000 | 281.935 219,747 Common Preferred. ... 60 Park National Bank 2,614,261 100.000 li 128.017 141.000 401,892 510,624.763 Common 78% 78 100 10 1,007,921 Holyoke— Holyoke Nat Bank— "30" "35" 25 34,955,979 25,908,295 9,266,543 1,300,918 955,480 1.000.000 1.000.000 Commercial Nat Bk. Oont'1-Am BATr Co 23 (20 100 200.000 300.000 Haverhill Nat Bank. 26 \20 60.605,812 1,500.000 11,736,373 1.200.000 4,040,968 252,165 208,000 2.800.000 7,891.139 151,150,147 5,977.006 2,286,448 340"" 335 N 167,168 214,536 270.000 Merrimack Nat Bank 25 (20 100 10 100 100 Haverhill— Uoo Hibernla National Bk 100 2,808,919 1,785,578 3,566,661 150.000 120.000 i Gloue Nat Bk of Glou Glouces 8 D A Tr Oo 100 8,770,663 234.536 500.00< Cape Ann Nat Bank. 33,509,699 /100 1,500,000 1.200.000 Common 1,044,327 Fitohburg— Amer Bk & Trust Co 100 800.000 i Safety Fund Nat Bk. Gloucester— New Orleans— Nomi nal. Per share, 118 7,621,479 9,754,367 3,786,223 301.263 619,495 330,609 427,500 Fall River Trust 175 10,866,228 400.00C B.M.G. Durfee Trust 25 Louisiana Nat Bank Common Fall RiverFall River Nat Bank shai e. Per $ $ $ Ask Bid Par Deposits Preferred 100 6,721,360 25 Hadley Falls Tr Co.. dl.400,000 Lawrence- 115" > 436.137 600.000 Bay StateMer Nat Bk 66 100 ! 20 25 Lowell— 300.000 Banks Dec. 31 National Bank 605,000 775,008 Depositors' Trust Co 10,254.655 8,877,589 Bangor— Nat Bk. Merchants' 1.000.000 200,000 25 ""37% "38% 600.000 Common 1,023,490 12.994,434 1 0 cent les 41 80,223 2,116.533 100 250.000 Safe Deposit Nat Bk 20 60 8,129,979 20 12,171,110 8,926,356 12% 200.000 First National Bank. Merchants Nat Bk.. sa 20 \ 350 49 132,124 3,732,408 50 250.000 200.000 N 100 400.000 j 667,628 530,999 216,712 10.162,936 100 100 5.168,433 25 22 1.071,530 18,197,112 25 35 Merchants Nat Bank 1.000,003 25 38 Nat Bk of Commerce 400.000 380,089 8.417.508 20 36 39 015,466 7,724,157 500.000 Naumkeag Tr Co— 51" 5 11% 105 Gasco Bk A Tr Oo First Portland NatBk 600.000 200 COO 15 14 285 100 20 453,844 818,000 515,297 New Bedfbrd— 100 20 100 222,353 7,330.326 6,184,006 480,594 686,352 b 3,973,091 957,193 510,579,069 350.000 Security Trust Co... re Eastern Tr A Bkg Co Merrill Trust Oo— 23 711,100 Lynn 8 Dep A TV Oo 29 26% 25 500,000 250.000 100.000 400.000 Essex Trust Co 100 8,500,000 12.129.651 257,843 700,000 i 710.000 First Nat Granite Bk d Mfr's.-Cent. Nat Bk share Per 10 13,460,409 Lynn— Nomi nal. Augusta— 4,643,916 862,287 Union Old Lowell I MAINE 514,512 1.000.000 Appleton Nat. Bank. National Preferred. ... Peabody— Warren Nat Bank... Portland— Canal National Bank Salem Common. Preferred.. Stat* National Banks MARYLAND Dec. 31 Institutions Dec. 31 Springfield— Springfield Nat Bank <11,600 OOo Third Nat BfcTOo.. 1.500.000 1 000,000 Springfield 8 I> A Tr. Nomi nal. share. Per Baltimore10 500.000 i 383.215 6,296,662 000,000 Bait Oomm'I Bank 315,944 53,211.819 633.092 11,733,279 50 199,562 284.359 3,983.715 100 1,811,452 768,514 238 475.115 7.930,629 545.919 6,436,950 832,569 16,001,180 573,073 100 14 10 701,020 3,456,421 1,543,540 1 000.00( £2,107,007 217,407 194.250 Union Trust Co 4 10 10 )h WestSpring field Tr. 17,040,301 33,989,068 15,791,226 10 25 69 13.936.395 25 70 2,785,477 30 7% r39 10 Baltimore Nat Bank Common Preferred Calvert Bank..... t 750.000 470.000 Canton Nat Bank. I }l 225.000 Carrollton Bk of Bait First National Bank 80.000 4 000.000 Nat Cent Bk of Bait 400.000 Nat Marine Bank.. 600.000 750.000 400.000 2,000.000 1.000.000 Western Nat Bank. Colonial Trust Co.. Equitable Trust Co Fidelity Trust Co.. Maryland Trust Co 10 k 56 % 90 30 20 251,420 438,988 2,895,295 4.719,625 100 25 40 600,000 400.000 1,249,158 360,101 18,104,309 6,669,869 100 10 175 13 3,036,407 545,362,608 f 10 17% 21 Mechanics Nat Bank 1 Gaaranty Bit A T Co Worcester Co Tr Co Common 2.049,056 25 47.298,699 238,336 26.058.988 25 "67" 10 47,379,931 10 14 16 "237"" Dep A Trust Co Co CumberlandFirst Nat Bank {. 28,536,864 50 253,608 1.881,935 100 1.000.000 Class A 65 38,037,918 390 60.910,200 100 10 d 392,000 239,224 6.306,741 100 e Peoples Bank— 100,000 1 99,500 Second Nat Bank 25 1,862,213 102,966 500.(KM i Capital notes 192,448 50 7,343,724 Liberty Trust Co— 150.000 M 291.000 . Capital notes. 1 4,589,315 148,976 9% * 85 * 10% 100 * 45 * 100.000 125.000 969.771 532,274 5,129,163 mmmmm 26 1,832,358 (15 70 Frederick Co Nat Bk 100,000 40,000 134.924 Preferred Fr'k Town 8av Inst 150.000 440,549 4,089,561 West Maryland Tr.. 150.000 71.222 1.856,682 Common 15 100 10 ' - - — - - c25 190 195 7 8 Second Nat Bank... Hagerstown Trust Co 120.629 150,000 i 1,955,520 6,573.294 100 4.025 800 10 1.987,581 N 10 366.539 322,175 111,397 90.000 i 357.000 200.000 i Nicodemus Nat Bk 10 0 re cent sa les Dec. 31 3,530,000 Preferred United Savings Bank Wabeek State Bank. I MASSACHUSETTS Equitable Trust Co— 45 % sa 50 120 125 211,,522,716 (20 53 54 share Preferred Wayne Oakland-Bk. 45 % 395 405 20 64 67 3 135,966 38,211,463 1.500.000 23 % Nat Shawmut Bank 10.000.000 i23279,209 220,904.629 12 % 23% 25 137 142 2.000.000 6.230,444 113.100,802 Second Nat Bank.. 50 17.653,661 49 53 Web A Atlas N Bk.. 1.000 000 697,524 100 fl295 43,164.493 Boston 8 Dep A Tr. 2.000.000 14,105,638 100 2,680,770 216,946 Columbia Trust Co.. 100.000 Bk of Bos 168 20 40 45 50 110 120 8,250.000 116047,326 589,829,360 9,086,875 24 ,691,634 1,000,000 (K) 39 40% 10 "20 "21% 11,445,041 519,206 495,232 125 22 532.307 305,542 Q "16 "13% 15" (10 6 7 U° 20 5 60 7 100 38 20 35 20 20 33 36 28 30 20 18 20 250,000 i 400.000 452.337 23,526,227 10,057,284 3,448,057 7,668,623 250,000 400,000 126.638 713,454 2,391,352 10,898,119 20 12 15 10 21 23 1,000,000 12,700,575 750,000 514,203 350,000 752.155 1.200.00U 49,093,295 (io 31 33 d\ .000,000 £1,065,814 547,288 1.000 000 i 92,283 Rapids- Central Bank Peoples Nat Bank.. 0 120 92,855 g 1,932,984 309,660 \ 226.340 2,090,000 2,492,634 013 ,255,996 ,720,307 716,059 500.000 ,530,173 148,412 300,000 0 Common Grand First National Bank. 27.812.500 54.848,544 837,063,044 12% 100 5,745,502 118,503,313 Merchants' Nat Bk 3.000.000 20 Flint— Nomi nal. Nat Rock IP,471,171 J2.956,573 1,200.000 500.000 Bankers Trust Co— Olt Com A 8ave Bk. Per N 900,000 15 ,986,416 1,005,000 i 3,000,000 6,300,119 176 ,888,855 Mfrs National Bank. Mercb A Mech Bank Nat Bank of Flint... Boston— 6,,621,867 re cent Genessee Co Save Bk National Banks 344,324 100 110,222 Detroit- Detroit Trust Co Un Guardian Tr fin. Hagerstown— Farmers A Merc Bk. 500.000 100 2,572,528 582:,007,397 People's Commercial A Savings Bank... Nat Bank of DetroitCommon 65 share. 2 ,776.672 997,609 Natl bk of Bay City 300.000 i 400.000 i Preferred 100 5,319,215 Dec. 31 Per Bay City— Bay City Bank Industrial National Bank of Detroit— 11 (.f8 Institution State MICHIGAN Dec. 31 Commonwealth Bank dZ, 525.000 Detroit Bank— 2,160,000 Common 28 FrederickFarm A Mech N Bk. "4% 4 Nomi nal.. 420 ' Citizens' Nat Bank.. 16" 71 ,813,903 1.000.000 ... 100 4,217,734 2,026.036 600,000 1235 2O0.LRU > 300.000 Worcester— "57% ilH 33 2,000.000 3,000.000 Real Estate Tr Co. Common 75 2 10 — Bristol County Tr... National Banks Mercantile Tr Co.. Common, it 50 145 343 l1' 1,500.000 13,917.236 Capital notes Union Trust Taunton Machinists' Nat Bk. "92" 416,516 1.000,000 1.450,000 Common Bafe 26 10 20 . Old Kent Bank— Common Preferred Union Bank of Mich Michigan Trust Co. , , 110 10 g 2,578,563 "2l" 20 13 23" 15 - 50 15,581,845 1.250.000 i1,576 571 Day Trust Co... 2 388,253 707,831 Fiduciary TrustCo.. d 500,000 i 44,853,466 i.000.000 3,417,229 New Eng Trust Co.. None 5,268,957 Old Colony Trust C«> t5.000.000 11,116,279 615,005 400.000 Pilgrim Trust Co... 7,610.359 101,145,447 State Street Tr Co.. 3.890.000 U 8 Trust Go— Common 700.000 450.000 J 1,216,976 Wlnthrop Trust Oo 100 .OOn n Beverly— Beverly Nat Bank Beverly Trust Oo. 300,000 100.000 Convertible pref.. 14,137,730 Second 100 a400 uo 100 310 Trust '26.5" 100 1 * 317 Sale price. 6 Includes c . dambridge— Cambridge Trust Oo County Bk A Tr CO'. Harvard Trust Oo . 10 11 13 14 d Common and / 100 Stock has to be offered to board of 290,003 4,012,694 1,855.371 100 200 100 160 preferred stock or capital notes outstanding. f Convertible pref. stock g entitled in liquidation to $20 a share, Trust balances, 1940. 500.000 600.000 511,666 8.778,477 20 541,196 7,994,764 50 150.000 557.313 b 7.415,120 100 450 470 n Sept. 30, 5,192,804 536,550 1,594,256 525.171,365 10 21 23 0 Mar. 26, 1940. 20 82 r New stock. 11,065,557 10 300.000 1.000.000 600.000 i 833.947 directors. eOct. 14,1940. 100 Kveretc— Middlesex Go Nat Bk 2,613.337 savings deposits, 10 2,870,400 Brookton— Brockton Nat Bank. Bank.. a 1,500,000 Retirement prico. i June 29, Home Nat 10 - u*nk & Company.. 10 148,598 113,838 2,007,810 Saginaw- 50 I Lansing— Michigan Nat. Bk._ d3,134,000 33 k Units. I Last sale, t x 1940. Affiliate of- First National Bank of Boston. Ex-dividend. £300 106 BANKS National Banks Dec. 31 MINNESOTA TRUST COMPANIES State Institutions Dec. 31 National Banks Par Deposits Bid Surplus & Profits Ask Capital Duluth— $ 100.000 Bank of Oomm A Say City National Bank 600.000 Duluth Nat'l Bk k First A Amer Nat Bk Minnesota Nat Bank of Duluth.. 150,000 2,000,000 Nom inal. Per share. 47,302 333,633 78,713 ,454,416 968,710 8,330,706 1,984,656 32,740,732 277,044 478,102 59,572 22,583 122,459 83,587 39,199 7,942,230 14,077,768 1,130,010 975,117 2,715,916 1,935,538 789,371 2,178,275 807,750 159,592,547 991,504 6,511,779 20,386,823 2,166,316 100 100 50 100 .. Minneapolis— Blooming'n-Lake NR 6 Camden Pk State Bk Central Nat Bank.. Chicago-Lake St Bk_ 100,000 40,000 100,000 50,000 100.000 Fifth No'west'n N B e First NatBk A TrOo 66,000,000 Hennepin State Bank 6 100,000 300,000 Marquette Nat Bank Midland NatBk A Tr 1,000,000 Minnehaha Nat Bk. 6 100,000 N'western Nat B A T 5,000,000 Produce State Bank 6 100,000 2d N'west'n State. 0 50.000 Third N'west'n N Bk 0 100,000 4th Northwest Nat'l. * 125.000 University Nat'l Bk. 100,000 Soohester— First National Bank. Q 200,000 Union Nat Bank... k 125,000 8t. PaulAmerican Nat Bank. *1,676,000 Commercial State Bk * 150,000 Drov ExchState Bank ok 192,500 50.292 24,214 ,321,961 38,976 388,798 657,059 42,265 6 ,610,065 151,712,199 48,555 18,300 153,163 les 100 66*3 $ 500,000 1,000,000 1,000.000 Chippewa Trust Co. p 318,943 ■aston-Taylor Tr Co k 260.000 6100 Webster Groves Tr.. elOO 20 100 100 0100 6100 145,308 78,316 12H 0 5,974,437 (7100 100 2,136,252 12 No re cent sa les State 12X Midland Nat Bank.. Montana Nat Bank. Sec Tr A Savs Bank. 10,694,134 f30 140 65 10 100 100 14 16 175 150 190 165 100 80 85 50 68 70 443,439 250,000 320,000 145,296 185,298 135,073 3,670,141 3,426,276 4,654,678 National Banks Dec. 31 Kansas City— Baltimore Bank.... City Nat Bk A Tr Co Oelumbla Nat Bank. Commerce Trust Co 278,1701 241,5881 First National BankInter-State Nat Bank Llnwood State Bank. Merchants Bank Merc Home Bk A Tr Common MISSOURI 200,000 192.000 Capital notes J 362,404 Missouri Bk A Tr Co 115,000 \ ..... Preferred Park National Bank. Plaza Bank of Oomm 85,000 50.000 i 200,000 i 100,000 i 100.000 i Preduce Exch Bank. Southeast State Bk.. South Side Bank— 82,226 43,166 129,850 104,000 65,417 50,000 \i 26,191 Preferred 50,000 Stock Yards Nat Bk. 400,000 302,651 Traders' Gate City Nat'l Bank * 550,000 161,545 Union Nat Bank— Common 1,000,000 \ 971,543 Preferred 950.000 University Bank 100,000 i 28,084 West port Ave Bank. 100,000 i 217,683 Joseph- American Nat Bank. 200,OOu 200,00b Barnes Nat Bank.. First National Bank. First Trust Oo First St JouSt'k Y dsBk k Tootle-Lacy Nat Bk. ■mplre Trust Oo * Missouri Vail Tr Oo. k St. Louis— Amer Exch Nat Bank Common Preferred Baden Bank 600,OOu 100,001 250,000 200,009 200,000 129.000 v 65 107,500 92,500 200,000 Common 241,270 273,603 467,387 155,040 108,660 287,075 120,844 60,357 942,604 44,221 668,102 100 13,484,905 1,371,258 100 13,818,112 0... 600.- >00 304,422 250,000 412,012 10,039,119 0100 9,051,560 100 N Banks NEBRASKA zlid State o re cent sa les Institutions Dec. 31 Nomi nal. Per share. Lincoln— Continental NatBk— 350,000 I 290,175 284,000 1,000,000 625,172 350,000 1,022,328 Nat Bk of Commerce 22,857,539 13,536,086 1,500.000 0 Preferred First National Bank. Omaha— First Nat Bank Live Stock Nat Bank Omaha Nat Bank Packers' Nat Bank: Common Preferred South Omaha Say Bk Stock Yards Nat Bk 0 01.100.000 1,425,273 866,620 2,142,494 500 oon 2,000,000 129,000 j 89,666 50,000 i 53,846 236,785 1,227,778 71,000 500,000 National Banks Dec. 31 Naini nal. Per share. 12,927,233 {100 230 \100 a 100 165 250 "155"" 100 100 225 32,031,530 20 15,115,877 51.740,142 100 38 160 100 185 3,081,214 /100 \ 100 954,697 25 100 9,089,972 100 28,288,335 m m mm 40 195*" m mmmmrn m 1,654,553 J100 345 82^ Bono— First Nat Bk of 141 90 100 440 300 100 Per 600,000 1,668,129 100,000 i 21,461 Security National Bk 135 225 200 National Banks Dec. 31 NEW 170 115 615,599 100 45 120 75 100 100 J100 50 65 Uoo 28,287,853 (10 U5 State 100 100 95 175 9,111,818 4,255,717 10,654,941 55 Institutions Dec. 31 Voni nal. Per share, - 200.000 Manchester Nat Bk. Merchants Nat Bank Nasnua— Indian Head Nat Bk Nashua Trust Oo 4econdNatof Nashua 150,000 200.000 951,305 622,650 292,907 5,924,319 3,250,387 3,899,966 100 re cent 100 sa les 400.000 600.000 570,981 613,773 603,329 100 Portsmouth— First National Bank. Common Preferred 6,596,372 6,478,751 7,230,182 250,000 75,000 New Harno Nat, Bk. J 102,423 200.000 36,030 200,000 100 N 100 o 350 100 135 I 150 80 3,741,117 flOO N o 100 1,733,475 re cent 100 sa les 10 1,192,748 2,459,920 225" \share. 100 Manchester— 130 '200 9,074,067 62H 100 100 tool 36,920,534 1,219,469 HAMPSHIRE Amoskeag Nat Bank 1,930,726 3.272.359 2,375,000 1,475,263 Nominal. I Nev.ld 470 330 100 9,136,069 NEVADA 115 100 10,479,718 100 100 4.258.360 8,526,219 2,627,147 1,163,628 105 100 No re cent sa les *155 National Banks Dec. 31 100 None NEW JERSEY 400,000 500,000 679,105 267,144 Equitable Trust CoCommon 100 Preferred State Institutions Dec. 31 Nomi nal. Per Share. Atlantic Oity— Boardwalk Nat Bank Guarantee BkATr Oo 100 Y 103,866 /20 2,578,986 120 1 200,000 \v 87,779 100,000 578.500 1 248,731 Capital notes Jeff-Gravols Bank Lemay Ferry Bk A Tr 50,000 ... Preferred 50,001) Manufacturers Bank A Trust Oo Manchester Bank Mutual Bk A Tr Oo.No'western Nat Bk. Plaza Bank (The). Bee Nat Bk SavsATr Ji 75,077 600,000 500,000 500.000 i 650,000 200,000 350.000 . 616,147 355,441 294,388 k 3,868,343 225,000 1.184,566 86,794 20 "34" 3,650,966 5,354,148 35 110 120 100 105 40 Seacoast Trust Oo Bayoune— * Broadway Nat Bk Bayonne Trust Co.. 'lOH 17 20 jlOO 50 75 20 100 50 20 20 25 81 a 8.863,931 7,046,040 100 15 0 10 2H 1,294,835 1100 I 10 .45 .75 c 352,655 6,300,663 100 70 80 226,368 121,078 4,525,970 1,104,682 10 8 3 10 200,000 43,951 618,214 2,213,173 10,173,424 50 400.000 Retirement price. * Sale 5 100 70 price. March 26, 1940. al00 g Member First Bank Stock Corp. k Preferred stock and — m mem common stock i June 29, 1940. or capital deodtioures outstanding 1 Last sale. Price applicable to 100,000 shares of beneficial Interest, which in turn represent 3,500 shares of $100 par stock of the Mercantile-Commerce National Bank of St. Louis, Mo., held by the trustees. n 45 50 21 23 34 28 2 5H 30 o American National Bank of St. Paul affiliate. p 418,000 400,000 i 100 19 Capital account. s 50 20 4 d Owned by the Transamerica Corp., San Francisco. Calif. 0 Member of Northwest Bancorporation. 35 16 9* 88 549.975 300,000 100,000 b First National Group. 73 "20" 1100 98,778 260,533 Grove Bank 100 1,522,010 ( 760,873 460,259 150,995 AsburyPkNatBkATr k Asbury Park A Ocean 4 15 100 7,164,764 14,127,227 7,655,973 11,421,284 8,068,731 5,089,871 16,397,157 Commerc'l 8 100 100 100 100 100 100 100 100 100 100 T Co- South Side Nat Bank Dec. 31 Dec. 31 71,576 2,869,313 2.000,000 2,939,046 74,974,593 400,00u i 387,156 5,471,563 300,000 230,326 6,400,232 First Nat Bank 10.200,000 9,027,560 289,688,108 Industrial BkATrOo 1,000,000 678,072 18,778,140 Jefferson Bk A A Savs Bank State Institutions Notnx nal. Per share. State Institutions Boatmen's Nat Bk.. Bremen Bk A Tr Oo. Cass Bk A Tr Oo Southern 100 100 100 Asbury Park— ..... Common 6234 lioo Common St. 5,485,082 4,908,317 100.000 i 86,340 2,317, 199 600,000 2,304,797 35,870 864 500.000 184,101 7,356 926 6,000,000 6,617,216 186,304 793 100,000 73,674 1,377 610 2.000,000 5,131,239 133,638 908 500.000 i 1,653,236 21,849, 468 100,000 i 102,694 1,749, 650 200.000 172,481 3,585, 067 Cemmunlty State Bk Common 50 I 500,000 300.000 2,763,796 12,171,555 2,206,503 300,000 100.000 600.000 Butte— First National Bank Miners Nat Bk (J 8 Nat Bank Vieksburg— 29$ 28H 175 170,480 258,260 75 32,030 636,021 122" 4 n 5,961,685 0100 3,428,657 100 3,438.291 100 Common 673,952 100,000 100.000 Merch NatBkATr Or 37 121 100 222.181 Dec. 31 300,000 731,400 294,000 115"" 25 26 200,000 150.000 100.000 Institutions Preferred First Nat ATrOo... 40,435 489,128 432,642 MONTANA Dec. 31 1,162,868 13,754,362 9,048,775 84 6J4 20 Helena— first Nat Bk A Tr Ck> Union Bk A Tr Co.. 12H Oommon 236.500 i 80 95 25 100 Metals Bk A Tr Oo 0 Nomi nal. Per share. Mer A Farmers Bank 290.000 588,000 200.000 National Banks Dec. 31 Jackson . 100 20 100 20 100 20 100 100 Ask ^ Capital National Bk- Commerc'l BkATrOo Depos Qu Bk A TrOo Jackson-State N Bk. Meridian— Citisens Nat Bank. First National Bank. 232,602 930,415 458,086 14,494 41,750 259,950 Bid Nomi nal. Per share. 120 32 "35" Billings— MISSISSIPPI Dec. 31 Par 386,645 6,798,945 3,488,851 112,967,662 39,776 3,466,548 312,229 4,480,770 239,618 3,286,363 100,000 nit liens' Bank...... * Union Nat Bank * Southern Missouri Tr 100 41,985 Gross Deposits Springfield— 6 1,806,446 6... 1,314,571 1,849,878 0100 3,285,903 0100 1,321,833 178.091 • Nat'l Bank. 350,000 Miss Val Trust Co.. 6.000,000 Mound City Tr Oo k 269,000 North St Louis Tr Oo 300,000 National National Banks " 4,404,123 16,890,749 9,494,489 3,556,174 3,727,204 Llndell Trust Oo 400.Ooo : 6,091,305 Merc Com BAT Co- 10.000,000 7,012,030 193,615,530 Mercantile-Com¬ merce 1 ,176,393 32,298,150 100 474,399 5,206,379 100 73,048 100 2,125,857 First National Bank (76.000.000 7 ,542,133 152,531,283 (7100 First State Bank (7 100.000 " 117,219 100 2,302,930 EmplreNatBkATrCo ek 455.000 268,610 100 8,524,224 Stock Yards Nat Bk. * 268,800 250,000 6,306,830 0100 Midway Nat Bank— Common 100,000 i 357,301 5,201,057 1100 Preferred 130,000 \100 tflrsi Trust. Co. None 51.000,000 x 514,867 0100 } o 100 100 St. Louis (Concl.) Telegraphers Nat Bk Tower Gr Bk A TrOo United Bk A Tr Co.. cent 400,000 Northern Nat Bank. 1,000.000 Pioneer Nat Bank. 100.000 Western Nat Bank. k 100.000 State Institutions Dec. 31 MISSOURI Dec. 31 Gross Surplus & Profits Capital AND Member of the Guardian Detroit Union Group Inc., Detroit, Mich. - v Nov. 12. 1940. r Reserves. National Banks NEW YORK Oross Surplus & Profits Capital National Banks Dec. 31 State Institutions Dec. 31 NEW JERSEY Dec. 31 Capital Ask Bid Par Deposits Farm & Mer Nat Bk. it 119.347 285,077 139,954 23 100 20 45 50 8 9 Auburn Trust Co d . 1,346,912 d2.135,000 Marlne Mldl'd Tr Oo < 28,943,040 12** Merchant ville Nat'l Bank A Trust Oo. d 220,000 Camden Trust Co... <12,734,750 Bast OrangeAmpere Bank 8c TrOo 47.603 s 1,266,255 200.000 319,379 20,508,222 100 100 10,660,896 100 10,877,052 1.102,274 652,147 577,447 100 ns date Dec. Common 2.200.000 12,677,262 55,130,330 Debentures 48 X IX 2.500.000 225,000 Lafayette Nat Bank. d 800,000 d 550,000 People's Nat Bank. Brooklyn Trust Co.. 8.200.000 Kings Co Trust Cn__ 500.000 4** "Ix 1940. 31, 31, 1940 359,100 7,168,536 6,601,712 240.0on J250 50 t 8,537,873 banks Dec. 209.000 Oltisens Bk of Bklyn d Flatbush Nat Rank d {J 6,385,990 5,804,784 207,900 169,400 67,200 327.200 100 85 60 3,799,600 3,882,367 3,676,100 11,287,000 6,678,800 129,856.385 64,680,567 Bk d Bensonhurst Nat fiav Inv 8c Trust Oo: Common Preferred National IX 3 Pet shar. $ $ 497,676 131,313 Brooklyn—Slats B ank & Tru st Co. retur 3 10 3,533,490 33** 66,902 95,600 769,165 1,479.640 40,446,459 s 400.000 600.000 500.000 First National Bank. FlrstOamNatBATOo Ask Bid Par Deposits Binghamton— Oity National Bank. Camden— 100 331 100 47 60 72 X 100 1540 'M 6X 754 9 17 54 19 X 4** 45* 100 Buffalo- Elizabeth— National State Bank dl,263,000 500.000 Central Home Tr Oo d d Elisabeth Trust Oo 650,123 38,608 258,476 57,485 99.891 Union Oounty Tr Oo dl.114,345 471.941 400.000 d HUsabethport BkgOo Liberty Bk of Buffalo 7,501,380 20 1 18.289.024 25 12 1 3,833.818 4,489,375 "16 15,367,298 1 15 3 Llncoln-E Side N Bk d Mfrs A Trad 6 4 2,912,977 10 First National Bank. 2,225.000 Franklin Nat Bank.. d 200.000 Hudson Oo Nat Bk— ,544,087 93,811 65,806,962 100 62 3,671,682 37>* 3 1.250.000 2,000,000 686,372 39,717,861 100,000 93,196 !,875.356 30,332 1,142,829 76,613,868 883,192 812,384 57,776,724 o Jersey City— Common Preferred Bergen Trust Oo Commercial Tr N J Nerth Bergen Tr Oo. 100.000 ..... 600,000 4.000,000 I1' 11" 50 35 X 5 400.000 172,351 533,957 5,075,909 9,559,947 480,181 12,986,172 100 50 Bank of Jamestown— Common 8,019,221 9,363,763 25 125 556,088 10 36,393 816,607 1.739,662 12,233,261 50 15 ~125 The First Nat Bank Trust 53,446 87 884.000 122.837 52,112 3,000.000 500,000 d 526.980 .583,152 304.000 100 25 100 14 8 11,907,845 7,654,053 1 1,251,452 100 170.085 57,911,168 34.962,548 3,624.036 2,286,582 1.622.500 Fidelity Un Tr Oo... d7,000,000 2.500.000 Merch 8c Newark Tr. d336.300 Union National Bk. ,236,643 38.880.538 10 .730 816 174,823,909 10 ,777,558 20,276.439 25 140.970 4,727,334 593.312 7.256.038 25 2X 50 600,000 2 1** 45 ,441,998 55,638 Federal Trust Oo _ 58 510 100 25 h 13 8 19 300.000 423,131 816,881 155.642 1.905.640 10 150.000 1,309,691 4,774.141 6,859,305 100 11.698.597 471,273 North A West Hu dson— IstNat Bk of Un Oity d 289,283 100.000 42.750 Bank of New York-Bk of the Manhat Oo Bank of Yorktown.- 18 Chase Nat Bank 7 6 267,904 s re cent 100 7,398,091 f 2,567.593 National Oity Bank. 10 r30~ Schroder 2,924,498 I Bkg Corp. Sterling Nat BAT.. 25 50 I 50 n 28,993 1,425,131 100 100,000 81,287 20 1,000,000 308.025 100.000 166,120 400.000 Weehawken Tr Oo Huds Tr CJo Un Oity. dl .995,000 315.000 1,609,494 13,332,449 4,334.819 9,012,661 28,200,773 . ,213,637 NatSafetyBkA Tr Oo *>enn Exchange Bank Public Nat BkATrOo 100 5.013,366 Merchants Bk of N. Y Nat Bronx Bank.. les 10 34,487 142,694 Comm'l Nat Bk A Tr Fifth Ave Bank. First National Bank. Macy's Bank N 3 IX 10 100 175 6 10 25 2X 35,697.479 12 ** 6,732.388 a 25 31** co. Bank returns 5,469,579 25 1,411,607 17,499,596 4,549,733 100 100 N o re cent Equitable Trust Co. 100 sa les1 70 1.433.032 825.000 Fulton Trrit Oo 2,000,000 2.914.033 1,000,000 2.450,411 Fiduciary T* ust Oo. 90.000,000 186946500 2389928982 Guaranty Tr, st Oo_ 5,588,936 373,244 Hellenic BkATrOo. 1,000.000 50,000,000 53,692,500 782,588,700 Irving Trust Oo.. J P Morgan A Oo Inc 20,000,000 20,314,500 719,834,600 21,868,443 1,813,366 Schroder Trust Uo__ 1.000,000 41,293,127 1,960,948 2.000.000 Lawyers Tr Co.. 28 Mfrs Trust Oo: 684,378 71,608 . 33 Peterson— First National Bk— Pateroon Nat Bank.. s 70,445 15,622.628 46,266 ,646.825 "75" 50 18,509,457 60 "65" 166" 12 50 25 Paterson Sav Inst... 1,500,000 d2,000.000 ,327,439 27.787.407 25 25 Prospect Pk Nat Bk. 150,000 538,133 7,293,401 50 160 600,900 594.000 126,979 600,000 750.000 Preferred 513,106 8.854,096 f 26 Preferred 6 25 r 12X 112' 18,476,519 /100 1 500.000 18 22 32,998,440 Common 664,551 3,281,441 43,986 200,000 200,000 s 1,500,000 74,234 1,195,891 618,940 dl ,874.000 18,494,499 19,269,555 1,513,536 1,521,364 42,273,718 27,545,058 40 50 100 100 3 54 15 20 20 Woodbury Trust Co. 587,149 456,078 250,029 3,389,727 3,615,507 1,451,758 40 45 10 1 2 10 4X' 50 Dec. 31 Trust Oo of Nor Am. d Underwriters Tr Oo. 250,000 1,500,000 2,000,000 First Trust Company d1.960,000 49 12 100 50 "43*1 "46*4 25 10 100 195" 215" 100 100 100 29l" 296 10 '"11" 12 "loo 25 20 21,819,384 U2 9.482,900 357,500 650,000 18,829,916 1,173,979 1,000,000 2,000,000 28,860,764 130,865,903 100 100 453,000 "29" "32"" 3754 39 54 254 3X 17 "80" 100 1490 4,456,500 447,200 Corp.; none available for trust co. Only outstanding stock of People's Bank A Trust pref. stock of the Realty A Security Co. security h Preference share. Oo. of Passaic, N. J stock. stock or capital debentures outstanding. B stock. Controlled by fc Dec. I 31. Marine Midland Corp. 1940. Last sale.' 1,570,834 4,050,162 100 650 81,293,405 100 420 430 n Dec. 4,053,890 124.676,309 23.939,654 744,515 100 240 250 r Preferred stock retirement price. 50 22 24 5 90 1540 Sale price. 6,099,635 s 48 / Reserves. Dec. 31 Per Tr Co State Bank of Albany 14** 20 is $1 par < Nat Com Bk A 1254 10 Jamaica, L. I.— Jamaica Nat Bank., d a 10 Nomi nal. f Albany— Mech A Farmers Bk. J40986645 t Quotation for the Marine Midland 10 50 Institutions State 38 10 10 12,160,800 d Common and preferred NEW YORK 30. 25 953,709,060 I 6,000,000 13,515,391 H 8 Trust Oo of N Y 5 Includes National Banks 102 49 Title Guar A Tr Oo- Woodbury— s 18 47 30 50 100 Farm 100,000 200,000 100,000 15 99 54 52 1 20 8,749,520 < 10 f 45* 4** 6,000,000 10.339,280 164,160,810 107 104 25 507,940,598 New York Trust Co 12.N10.000 28,015,432 25 5,700,925 176,894 Pan American Tr Oo 600,000 200 Savings Banks Tr Oo d29.997.000 7,337,300 232,194.300 ♦ A Mechanics' National Bank First Nat Bk A Tr Oo ~55~~ "57" . Oommon 50 Trenton— 970,000 Broad St Nat Bank. Bk. d3,101,000 28** 20 1,700 13,481,024 27,198.185 23.975.316 331,200 Federatic a BkA Tr Oo Debenture notes.. 5,875,634 Trade Bank A Tr Oo. d 700,000 Flrst-Mech Nat 16 17 30** 10 d Convertible pref__ U S Trust Go— Common 45 2754 35 Oo Clinton Trust Co Marine Midi T* Oo Citizens Trust Oo— Common 140 .. 100 20 2.681.737 15.555.261 986.442 s 55 /100 1 60 1,506,392 1700 20 _ 685,106 180 740 50 "16 . 680,000 490,000 97.000 290.000 600,000 16** "33" 100 Farmers' 73,218 Plainfleld— 415,000 Piainfleld Nat Bank. 100,000 Mid-City Trust Oo.. d Plainfleld Trust Oo dl,150,000 d 247.500 State Trust Oo 357 , 159,306 1.000.000 Trenton Trust Oo 12ft 10,000,000 15,124,393 90,188,333 9,302,700 343,100 700,000 16,654,794 491,047 Colonial Trust Oo 1,000,000 Continental BkATr. 4,000.000 4,490,838 78,081,708 Corn Ex Bk A Tr Oo 15,000,000 20,356,562 383,641,997 363,100 28,500 500.000 Corporation Trust Oo 80,726,960 3,500,000 3,168,341 Empire Trust Oo Trust 2,744,162 622,903 les 100 100 100 57,700 k 7,480,800 650,000 347 6,000.000 14,147,762 237,543,000 100 14 54 10 20.000.000 26,884,500 652,884,000 42 878,886 k 9.144.893 66* 1.000,000 31 3309267000 13.55 100.270.001 136482199 100 174 7.000.000 8,746,907 141.241.000 100 700 67,817,000 500.000 4.207.500 1660 10.000,000 109720652 809.147,000 100 100 1.500,000 2.214.819 fc45.647.389 5,017.000 375,000 375,000 339,500 fc 7,880,600 "loo 125 400,000 50 40 327,800 fcl0,834.700 d 745,000 2634 77.500.000 80,275,935 2816295000 12X 13 1,284,646 fc22,337,424 dl .014,300 14 344,969 fc 4,349.574 d455,000 29 7.000.000 10,544,800 153,216,000 17 X 6.000,000 2,914,732 fc27,860,570 "25 "26** 1.500.000 2,803,668 fc36,301,463 31 1940. date, Dec. 5,965.600 220.200 Bk of Athens Tr Oo. 500,000 14,282,509 905,229 Banco dl Nap Tr Oo. 1,300,000 92.400 639,000 B'kof Montreal Tr Oo 1.000,000 ,413,200 1438657000 Bankers Trust Oo 25.000,000 25.381,760 240,439 Bronx Oounty Tr Oo d2.642,500 ,103.689 1294307 595 Cent Han BkATr Oo 21.000.000 ,904,700 871.655,100 Chemical Bk A Tr Oo 20.000,000 Trust Oity Passaic N BkATr Oo d2,000,000 Prospect Natl Bank. Security Nat Bank.. Trenton Banking Oo 110,096 536,587 522,042 o re cent sa r50 Passaic— Second Nat Bank 525.000 d . Grace Nat Bk of N. Y J Preferred Haledon Nat Bank.. d Nat Un Bk of America d 15 and New York Cltv— Deposits N ew York Ci ty banks are repo rted net 1940 Dec. 31 are 1941. Sur plus and p rofits are of date of Jan. 30, record 1940. for State banks, a di ridend Dec. 31, for National and Br oo klyn m ay be of banks and trust companies in New Yo rk City and d 216. round in our "Ra ilway" Sec tion.pps. 2 11,212,213, 214, 215 an Amalg Bank of N Y 25 159.697 150.000 17 11,992,171 Preferred Common..... 425 N Oounty 5X 23 X 17** '19** v 25 b 1 1 ...... . r20 100 200,000 Ulster 10 sa New Brunsw TrOo— Common People's Bk A Tr Oo 4 3X "loo" 102** <50 250.000 First N Bk of Rondout 4** 22 X 545,716 553,404 860,000 Peoples Nat Bk..... . 54 371.853 1.022.425 Nat'l Bank of N J... d Bank of Weehawken 100 20 6,852,613 282,024 454,923 Bank of Kingston Rondout Nat Bank 150 50 1.163,719 ,003,047 Liberty National Bk Guttenberg Com-Mer Tr Un City Gutt'b'g Bk 8c Tr Oo 60 5 8,536,401 4,750,545 "864,053 400.000 Co_" Kingston Trust Co 150,000 Preferred Hamilton Nat 5 25 State of N V Nat Bk 50 3,320,349 1,543,834 462,050 123,670 600.000 Nat Bk of W N Y— Common 25 Kingston— Bank of Commerce of United States Tr Oo. West Side Trust Co. New Brunswick 200.000 500.000 Ohautauq Co Bk Union Nat'l Newark- Mt Prospect Nat Bk. Nat Newark A Essex 16 110 200,000 100.000 Newark 250,000 240,000 75.000 Preferred "A" Nat 200.000 Lincoln Nat Bank Franklin Wash Tr Oo 58 56 100 650.000 Preferred "B" 485,562 600.000 Clinton Trust Oo Columbus Trust Oo. 20 Jamestown- 387,034 Morristown Trust Oo Banking Oo National State Bank 12,204.859 16.033,876 29 r 4 2,772,243 1,179,831 (thaea— First National Bank 4 r30 500.000 First National Bank. National Iron Bank. American Trust Oo_. Mt. Holly— Onion Nat BkATrOo Farmers' Trust Oo.. 32 t ( 800.000 800.000 Chemunsr Can Tr Co X 2,947,014 12,775 230.000 ^Morristown— 6,767,776 172,947,523 Tompkins Oo Tr Go_ ..... Long Branch— Long Branch Bkg Oo <8.500,000 Elmira Bk A Tr Co.. 65 3*4 25 100 25 { 10 10 Elmira— \ 30 3,400,000 Trust Oo of N J— Common Preferred A f r 2,286.608 200.000 *1,154,804 6,844,104 108,866,423 5.000,000 3X 2** 294,837 500.000 Seaboard Trust Go_. Tr Oo. Marine Trust Oo floboken— _ $ 400.000 675.000 AuburnNat Bank of Auburn 25 100 2,620,292 5,679,542 1,864,160 Dec. 31 Nomi nal. share. Per $ 242,100 574,000 248,000 Bridgeton— Institutions State Cross Surplus & Profits Nomi nal. Bridgeton Nat Bank- k Cumberland Nat Bk_ k 107 COMPANIES TEUST AND BANKS FEB., 1941] June 30, 29, 1939. 1940. o March 26, 1940 108 BANKS AND TEUST COMPANIES ±L National Banka Dec. 31 NEW YORK Surplus Capital & State Institution National Banks Dec. 31 Dec. 31 NORTH DAKOTA Cross Profits Surplus & Profits Capital Par Deposits Bid National Banks Dec. 31 Cross Deposits Par Bid Ask Ask Nom, Rochester— $ Nomi nal. Per share. $ Lincoln-Allia Bk&Tr Common 2,800,000 2,000,000 4% Cony.Preferred Central Trust CoCommon 81,949,910 1 915,737 Preferred 742,500 Genesee Vail Tr Co e2,160,000 Roch Trust & S D Co 1,000,000 30 32 \ 50 J3.450,000 400,000 1 20 49 52 16,966,420 1 10 1 589,112 2,579,128 17,075,671 33,450,132 m 10 Common 300,000 200.000 Capital notes— National Banks 3,000,000 800,000 Capital notes 47,005.487 jl,161,977 Preferred 200,000 Id 281,631 253,590 400,000 378,565 300,000 531,072 750,000 1,532,292 200,000 Capital notes 470.000 First-Central Tr. Oo. el .050,000 Goodyear State Bk_. 100,000 Flrestone Pk Tr&S B 600,000 j<30 „ Union National Bank Citizens Trust Co— 6,430,843 f Schenectady Tr Co.. SyracuseLincoln Nat B & TCo Merch Nat BftTCo First Trust & Dep Co 1,200.000 10 Common e3.987,948 dl ,483,451 Common 1,000,000 Union Nat ... Otica— FlrstBank & TrustCo Oneida Nat Bk & Tr Common e 396,000 36 35 40 3 Preferred.. 4,589,492 J 1 11,161,476 108,896 155,433 Bk & Tr Oo 703,522 152,930 949,894 New Rochelle— Central Nat bank First Nat Peak d Dnsrupnot Tr Co New Rochelle Tr 12,268,979 3,336,477 6,766,150 148,350 383,181 84,506 612,251 d Mt. Vernon Tr Co.— I,157,502 133,669 763,252 33,687,044 5,455,329 18,084,851 100 328,401 1,373,252 237,181 811.671 2,693,772 20,801,821 4,761,701 13,275,625 400,000 1,463,948 200.000 213,905 173.350 170,837 6.000,000 8,137,181 250,000 d 271,450 10,539,467 3,267,379 2,217.588 97,819,335 1,511,303 First Nat & Tr Co... Osslnlng Trust Co.— d 229,587 104,196 d e Prov 8 Bk & Tr Oo. 20 Amer Sav's Bank N 0 Lorain Street les Amer _ Union Bk of Comm. Union Sav & L Oo 150 110 25 1 10 10 ** Id 49,087 1,602,723 f \ 50 50 4,737,535 j 50 1 10 J Common 1 Preferred 485,000 J r 35,635 / 66,498 d 49,551 117,507 Rye— Rye National Bank.. Rye Trust Co Tarrytown— Tarrytown N Bk & Tr 81,015 "lO" "5"" 784,000 Commerce-Guard Bk Spitzer-R T & 8 Bk ...... 5 94 96 100 98 100 10. 5,733,008 20 5H 230 10 H I?* g2 4 70 60 20 100 275* 100 78 100 60 100 12 k 100 3,212,608 10 35,561,784 100 1,891,424 2.832,546 6100 100 60,847,209 100 3,870,228 100 1,722,091 6 84.619,524 "30 85 18 110 19H 155 211* 165 60 67 190 220 20 300,000 180,000 740.000 14 19,015,050 973,167 45,366,218 1100 \ 60 8,414,203 (100 "25 97 "29"" 96 ..... t 974,045 21,783,705 331,876 3,661,389 879,025 16,045,462 ,298,748 115,278,256 1,280,000 1 1,000,000 Union Nat Bank. Ctfs of Ben Own Tr Fund C-2... 331. 32^ 50 20 "37" 50 54 X 56 15 17 35 40" 724,608 15,959.395 ( 50 562,642 2,251,488 16,272,186 23,456,568 "25 "13"" "15" 100 130 297,864 1,250,000 - 7,452,962 25 150 Clty Tr & Sav Bk— 19 26 859*, 874 Mahoning Nat Bank el,513,000 50 25 322,694 1,000,000 300,000 e 600.000 5,000,000 Capital notes "l2"" 100 31 Common 5,996,130 I 125 10 100 16 31,914 2,218,128 d 167,807 d 168,494 2,799,853 d 212,336 d 116,767 64.000.000 3,600,557 Common Peoples N B & T Co: 100 100 Sfoungstown— Osllar Sav & Tr Co— 7,661,374 223,407 3 100 65 '30" 29 155 1,500.000 725,000 Ohio Citizens Tr Co. Toledo Trust Co 4 1 50 10 100 Preferred Toledo— 2 8 2,196,928 61,705 1 e 261,709 245 100 40 Common 15 5,370,805 1,900,756 d Common 525,000 50 100 Common Preferred Third NB&Tr Co.. Wlhters NB&TrCo 10 5,424,003 2,736,144 200.000 d White Plains— 95 235 55 250,OuO Co el,600,000 Bk 100.000 Co 6 200.001 Huntington Nat Bk e3.000.000 Market Exch Bk Co 200.000 Northern Sav Bk 100.000 13 8 150" Dayton— Merch N B & T Co- Port Chester— 1st Nat Bk & Tr Co. Mutual Trust Co... Co 40 Peekskill— Common Brunson Bk & Tr City Nat Bk & Tr Columbus Saving Fifth Ave Sav Bk Ohio National Rk 20 100 138 Oolumbus— 1H 28* 5* 20 148 100 "85" 10 100 13.800,000 16,872,942 436,959,344 13.000,000 4,000,000 3,110,778 39,826,710 900.000 d 295,368 3,183,433 Bank. C&Dltal notes 12 2 295 75 10 250,000 d 588,451 2,613,022 400,000 d 779,841 7,532,265 e 471.000 157.672 6,082,928 9.000,000 5,476,513 218,358,424 e 180.000 56,827 1,076,687 100.000 80,052 1,654,426 Bk Oo. The Bank of Clove. Cleveland Trust Oo 90 20 100 100 7.440,000 National City Bank. North 125 145 50 100 5,000.000 II,466,750 160,047,129 Equity Sav & L'n Co rec ent 8 60 100 300,000 d e Common.. Preferred Clev Sav & Loan Oo 100 100 1,730,910 2,548,724 les 100 100 Cleveland— 19 100 4,684,622 1,621,675 re cent sa 100 229,330 5,830,716 1,435,451 12,610,298 271,871 2,563,701 401,302 3,809,860 3,867,042 50,502,724 1,230,647 22,100,743 700,235 9,137,774 415,406 11,649,307 2,598,413 95,042,249 4,351,024 127,154,414 1,800.000 1,000,000 ... 20 14,882,126 < 5 500.000 d 500,000 el.550.000 5.000.000 Flfth-Thlrd-Un Trust e6,500,000 (760 16 980 000 Western Bk & Tr Co Central Trust Co 50 PeekskiU N B & T Co Preferred Westehee Oo Nat: N o 150.000 Second Nat Bank— Se Ohio 8 Bk & Tr Co 2,494,479 Ussining— Capital 510,000 1,000,000 notes 4H 5H 1 25 ... County Trust Oo ""25"" "30" 1,370,675 19,616,292 20 668,643 6,537,372 10 18 21 903,835 9,995,059 25 19 23 National Banks Yonkers— Central Nat Bank First National Bank In Yonkers Yonkers Nat Bank & Trust 100 500.000 e People's Bk & Sv Oo |f25 3,679,840 4,709,360 Institutions Dec. 31 Nerwood-Hyde Park Common d Fleetwood Bk (The). Preferred e Bank.. Northslde Bk & Tr Co 40 641,929 Bronxville Tr Co Mount Vernon— First National Bank. Bank e Guardian Bk & S Co. Bronxville— Citizens Bank Lincoln Nat 35 J Gramatan Nat Bk & Tr Co. State Central Nat Bank— 180,649 1 Capital notes Westchester Co— Nat "irst National Bank. 8 sa Common Atlas Clnn Bk & Tr Co— 20 J Northern N Y Tr Co Geo. D. Harter Bank Cincinnati- Columbia Bk & S Oo 3 5 {2ft 4,762,156 Watertown Nat Bk— 1 1H U? 126,879 Common 200'" 12,366,379 I 20 1 25 j 711,085 Preferred Watertown— Jefferson Co Nat Bk 32 31,993,946 J 564,614 Preferred les 19,525,387 436.325 500.000 ----- 20,948,085 i 25 25 13,870,796 6,849,788 16*. 50 4,156,247 1,502,639 1,024,991 258,783 206,607 BaDk Troy Trust Co 20 ,20 30,352,205 cent sa 403,865 , 300,000 d e First Tr & Sav Bk_. 100 48,740,930 Jl,150,338 Capital notes Troy— Manuractur Nat Bk. National City Bank. 100 26,035,095 10,865,288 Syracuse Trust Co.. Dime Savings Bank. First National Bank. ffio 100 17,507,596 977,360 710,034 750.000 d re 25 n 0 Oanfon— 10 8,326,770 7,917,701 . share. N Nomi nal. Per share Dime Savings Bk Co Common Mohawk Nat Bank— Common prices Per 100 100 100 Akron— 800 ... Schenectady— $ 2,797,592 2,149,567 7,269,166 3,947,573 OHIO Dec. 31 7$ 60 jlOO n $ 162,724 152,963 352,863 217,410 105* ■\W 36,360,781 J2,583,529 $ 175,000 100,000 350,000 150,000 e First Nat Bk & Tr Oo Merch Nat Bk&Tr Oo ..... 25 20 Security Trust Co— Union Trust Co: Common Fargo— Dakota Nat Bank.. Fargo National Bk.. d Id 331,994 Preferred 8,458,786 1 I 10 Institutions Dec. 31 Nomi nal. Guthrie— Per First National Bank. First State Bank. Co- Common.. State OKLAHOMA Dec. 31 h 100,000 75.000 228,802 127,000 2,390,374 1,300,000 100,000 301,442 316,097 2,872.116 2,236,234 100 share. 100 100 20 MoAlester— National hanks Dec. 31 Nat Bk of McAlester First Nat Bk of McA NORTH CAROLINA 3'ateD^.Tions Per 200.000 k Union Nat Bank American Trust Co.. Durham— Citizens' Nat Bank. Fidelity Bank Depositors Natl Bk. Durham Bk & Tr Co 4,400,000 13,849,513 8,261,312 93,241,991 100 100 325 e Home Havings Bank Mech & Farmers BkGreensboro— Guilford Nat Bank— e ' Security Nat Bank Raleigh— First Citizens Bk&Tr Wilmington se 150,000 d 81,927 500,000 1,208,126 200,000 d 188,257 300,000 409,581 loo.onn 138,745 210.000 d 54,981 1,586,615 14,467,670 2,283,534 7,437,097 2,294,457 1,105,471 100 25 200.000 d 800,000 , e 297,299 560,337 5,286,346 16,803,290 1,999,365 23,258,785 25 750,000 25 10 27 225 Wilm 8av & Tr Oo. 100,000 d 300.000 Wilson— 185,178 784,151 3,136,052 7,306,181 25 30 10 30 Preferred Nat ilk of Wilson WinitoQ-SslsiQ— City National Bank. First National Rank. Wachovia Bk & Tr_. 150 21 50 50 70 100 180 100 210 50 c nor, 488.497 18,562 150 100 200 75,000 6,866,333 56,656,800 6,730,504 19,872,713 1,534,529 14,235,827 1,665,999 100 10 100.000 410,233 4,478,498 300,025 1,095,674 58,242 2,000,000 3,466,921 53,081,078 20 29 31 20 40 Preferred Nat Bk of Oom'erce. Nat Bank of Tulsa— Common 90 35 35 Preferred West Tulsa State Bk t Toledo banks Branch Bkg & Tr Co Common 200,000 ,000.000 500,000 ,200.000 Fourth Nat Bank— Common •_ * e 100 Tulsa— First Nat Bk & Tr Co 45 30 — People's Sav Bk & Tr 3,344,323 3,621,670 5,052,193 Tradesmen's Nat Bk Stock Yards Bank 77 73 ""16" "17" 85 219,973 470,308 444,969 Oklahoma Nat Bank. 330" 10 25 25 100 on a 125,000 1 175,000 350,000 d Jl.485,161 245,826 22,172,163 1100 1160 25 2,466,205 260 285 c (7160 e 105,150 2,240,910 141,752 5,068,259 3,387,412 114,365,752 10 10 100 12 15 178 20 125 125 "15* "20" 28 30 20 100 Corp. d June g or 29, 1940. debentures outstanding. Retirement price. n Reserves-. 24 price range basis. i Controlled by Marine Midland Corp. r I 393,429 200 20 f 10 17 I 6,629,698 f S 14 185 100 100 64,197,567 Common and preferred stock First 100 2,700.000 13,812,995 600,000 25.000 k 16,313 Capital account. Member 100 5,025,718 / Dec. 30, 1939. 200,000 d 200.000 *4,275,000 421,253 100 92,013 e 6 Member of the BancOhlo 400.000 100.000 100.000 d les 100.000 300.000 400.000 Oklahoma City City Nat'l Bk&Tr Oo First Nat Bk & Tr Oo 305 73 71 25 200 40 20 o cent Fidelity Nat Bank.. Liberty Nat Bank.. 220 100 share. 20 500.000 k 530,799 300.000 674,549 1.200.000 1,928,694 Charlotte— Commercial Nat Bk. 250,000 N re Muskog Clttzena National Bk Commercial Nat Bk First Nat Bk & Tr Oo Nomi nal. Aihovllle— First Nat Bk & Tr.. 25 sa 100.000 Bank Stock h In Corp. « Branch of liquidation. k March 26, 1940. Smithfleld, N. C National Banks Capital Surplus A Profits Institutions State OREGON Dec. 31 TRUST AND BANKS Feb., 1941] Na^a, Bants PENNSYLVANIA Dec. 31 Surplus <& Gross Deposits $ 506,652 $ 200.000 Eugene— Per $ 10,240,447 100 Nomi nal. 150 100 45 Nor Side Deposit Bk 20 39 41 Pitt National Bank. Pollthania State Bk. Merchant* Nat'l Bk. Lehigh Vail Trust uo a25 ~ 16 40 2,844,955 50 27 Trust Co. 6.000,000 12,370,651 110,589,266 Pottar Title a Tr Co d 845.000 8,313,769 420,359 20 29 Fidelity Trust Co vfanchester Savings 2.000.000 Bank a Trust Co. 250,000 410.850 50.000 200,000 2,000.000 Union Savings Bank. 1,000.000 Western sad Bank d 490.000 Allegheny Trust Co. Colonial Trust Co share. Dormont sat 10 100 90 105 700.000 d3.563.200 Oom'wealth Trust Co 145 38 22 Per 1.000,000 1,808,803 1,000,000 2,009,934 450,000 tl,356.991 500,000 963,359 200,000 Bank 135 35 19 Allentown— Second Nat Bank 22 16 25 1,881,974 2,015,771 12,563,604 1,175,740 1,412,800 1,679,598 45.413.638 36.331,310 4,354,275 5,992,999 34,164,816 22,669,687 2,813,555 29.831.639 200.000 700.000 St Clair Deposit Bk. (Jnlon National Bank Nomi nal. Bunk 100 25 183,716 826,798 126,600 174,575 : 166,329 4,184,762 6,185,641 525.996 905,741 2,502,773 2,689,487 : 130,192 11,802,221 s her ad en Allentowu nat 103,638 141,625 1* 95,000 Preferred 145 42 Na"S£'sT" PENNSYLVANIA 3tateJ™Tm' 15,751,415 100 10.425.553 25 5,941,275 8,216,758 short. Per 7,500.000 41,681,908 408,415,834 Mellon Nat Bank Nat Bank of America Common 300 000 Portland Tr & Sav Bk United States Nat Bk n4,500,000 Ask Bid Par (Concluded) share. 100 7,362,068 128,728,169 5,708,461 477,553 6,621,835 162,522,442 3.000,000 Deposits Pittsburgh— Portland— First National Bank. Gross Profits Capital Ask Bid Par Nomi nal. First .National Bank. 109 COMPANIES 1.500.000 Co. 125.000 75" 67 50 50 25 50 V---- 100 100 50 100 100 ""30" 114 36 65 58 65" 58 40 63 50 25 82 100 People's-PIttsburgh Altoona— First Nation'l Bank— 150,000 287,900 Common Preferred 326,478 7,571,788 j100 1100 10 105 100 12 South Altoona Trust Co— Common 150.000 125.000 Hills Trust Co Union Trust Co 250,000 263,390 249,300 — Preferred Provident Trust Co. -— Central Trust co— 490,033 }' 4,877,441 13 10 300,210 100 3,225.636 loo' '95" 1.500.000 500.000 200,000 175.000 Washington Tr Co.. West End Bank 2,664,236 249,537 442.811 1,907,892 102342,289 337,430,472 1,429,415 6,733,388 1,864,913 190,987 144.851 2,176,369 7H 10 6400" 5 50 30 400.000 1,231,631 10,350,616 50 75 1.000.000 1.800.000 300.000 1.170,300 692,728 1,585,807 510,482 2,371,839 8,326,243 22,605,020 4,699,000 20,206.745 10 5 10 10 200.000 William Ponn Tr Co. 30 5 85 100 90 100 100 6100 50 106 206,098 1,383,144 61,657,159 1,638,171 3,242,754 919,626 25 18 202.616 3,075,303 50 75 814,914 997,241 583,948 4,916,283 17,596,826 2,901,939 25 25 188,090 1,963,697 25 25 935,307 159,236 5,497,832 2,302,970 306,268 704,827 9,529,814 1,534,805 23,947,691 15,370,085 4,112,193 7,834,272 100 40 50 100 25 50 230,286 376,204 427,875 2,684,972 5,396,537 6,300,970 20 10 202,388 2,660,653 10 5 3,517,137 9,259,137 1,824,806 6,361,056 7, 013,170 7,536,157 5,133,808 8,638,395 10 Worklngman's 8avgs Brie- Bank a Trust Co. 200,000 .060,000 Bank of Erie First National Bank Lawrence Park n Bk 169,778 873,147 100 Reading— 60.000 958,846 100 307,535 343,983 7,895,740 4,973,496 6623 Berks Co Trust Co.. 15 City Bank a Tr coj_ Beading Trust Co. 300,000 721,850 404,112 17,737„343 200.000 Nat Bk & Trust Co.. 45,314 ,264.000 300,000 Marine Nat Bank.. 101,839 1,797,033 Uuion National Bank Security-People* TrOommon , Preferred Union Bank (The)-- 50 50 i a50 50 8oranton— b Scranton State Bk First National Bank. H arris burg— Green Allison-East End Tr Capital Bk a Tr Co. Harris burg Nat Bank 396,510 300,000 300,000 Central Trust co— 400,000 125,000 Citizens Trust co— 157,726 510,799 834,854 943,732 32,511 1,491,645 1,504,200 84,567 400,000 Dauphin Dep Tr Co. Harris burg Trust Co Market St Trust Co. 400,000 225,000 100 10 1,234,457 17,621,385 4 10 2,966,879 5,332,697 7,040,164 4,996,235 1,208,094 16,183,421 13,715,827 1,350,547 10 25 50 50 10 25 50 Ridge Bank 4.050.000 5,760,370 200.000 167,208 300.000 g 326,680 i 300.000* 64,446 . North Scrant Bk a Tr 14 12^ 78 Providence Bank . 50 15 50 Scranton n at Bank— 67 10 200,000 50.000 Common 12 41 37 68 15 Preferred South Side Bk a Tr. Third Nat bat CoWest Side Bank , 400.000 1.000.000 250.000 25 Penna Trust Co— Lancaster— Conestoga Nat bk— Fulton Nat Bank— Lancaster Co Nat Bk d Farmers' Bk & Tr Co 1,001,041 1,091,901 746,158 400,000 600,000 575.000 11,431,603 11,991,267 9,191,650 20 57 20 47 60 50 50 103 106 528,156 7,280,693 10 12 14 150,000 178,375 Common.. Preferred Wllkes-Barre— First National Bank 300.000 i 71.940 300,000 Common Preferred Northern Bk a Tr Co 10 256,987 "5" 10 1,812,332 750,000 Hanover National Bk Miners Nat Bank 200.000 2,600.000 1.000.000 Second Nat Bank w-b Oentral-Penn Nat Bk 3,040,000 City National Bank. dl.100,700 Corn Exch Nat Bank a Trust Co 4,550,000 Erie National Bank. d 440.000 First National Bank. rii.lll.ouu 50 Bank 250.000 44H Willlamsport n Bk-. 250.000 West Branch Bk a Tr 225.000 9,430,432 139,429,661 116,966 5,658.624 6,664,271 115,399,775 492,669 12,221,438 4,381,641 41.309,359 *2,530,015 15,064,083 First 60 100 50 100 52 312 24 303 39 318 42 10 4 6 Drov a Mech n Bk. First National Bank. 10 JM 67 72 650,000 Oommon 200,000 85.000 400.336 Preferred 20 8,105,712 ( j 206,963 ioi~" 300.000 978.321 Fork n Bk a Tr oo. 500.000 Guardian Truat Co.. nnn.nnn 105 Fork" Trust Go 750,000 584,793 831,591 1,324,737 10 3M 5H Bank of Ohio Valley. Braddock Nat Bank. Dsllar Savings Bank Farmers Deposit Nat First National Bank. First Nat Bank & Tr Co of East Pitts 221,066 3,223,975 265,411 1,621,226 102,724 874.251 973,910 11,677.215 b 5,612,694 57,019.515 6.000,000 11,634,262 115,356,210 0.000,000 7,217,854 123,386,728 Hill Top Bank Homewood Bank at Pittsburgh Iron a Glass Del Sav 200.000 200.000 200,000 100,000 200.000 74.852 122 12 7 9 10 13 228"" 213 142 152 32X 35H 5 7 57 3 X 54 2H 100 25 ... Preferred usai 300,000 75.000 ■ 21 17 18. 16 190 10 10 15 100 20 25 185 59 36H 38)1 25 58 10 19 58 21 20 3 H 495 515 77 82 30H 33 H 277 iNN loo 1—t 100 370,188 339,164 5,284,483 f 175" 175 80 6,831,615 25 no 110 10 2,023,059 50 5,106,875 850, 000 450, 000 Providence Nat Bank Industrial Trust Oo Lincoln Trust Co.. Rhode I Hos Nat Bk. Rhode Isld Hos TrOo 1.500, 000 4.000, 000 1.000 000 125 000 2,500, 000 5,000 000 65 50 20 17 125 \25 50 "73" "78" 853,615 11,724,837 120 127 60 5,030,376 894,752 295 280 100 2,483,985 17,518,321 170 10,497,431 124,992,518 100 165 33 25 2,415,275 213,992 68,426,907 *100 3,153,141 12,034,534 40,847,979 1000 2250" 2455" 145 1,422,047 26,822,914 100 135 . Woonsocket— ♦ 440,000 298,366 385.000 250,000 287,678 242,824 263,200 54,453 3,800,987 •• mmmmm Per Preferred 800.000 * 150,000 * 6,807,607 100 4,098.274 plOO 10,686,369 /100 rec 100 sa 1,417,642 Sale price. c Z100 > share. 1 N o ent les ' stock retirement price. March 26, 1940. d Common and preferred stock or debentures ::::: 32H e outstanding. Formerly Mitten Bank A Trust Co.; title changed Feb. 4, / Member of Northwest Bancorporation. g Oct. 2, * Stock all owned by Rhode Island Hospital Trust Co. 105 50 256,568 12 alO "125"" b A mutual savings bank, 5 100 82 79 2,001,239 N&tBank of OomATr Phenix Nat Bank a "~5~" 60 53 50 1,041,953 367, 500 U 132 500 Preferred High St Bk A Tr Co Mechanics Nat Bank Common...... Union Savings Bank. 50 1,687,301 4,591.760 150 111,435 it 100.522 88,565 * 120,000 268,893 Common......... 1 »H a25~" "60" Sioux Falls— 95 1 100 10 500,000 60 100 Providence— Blackstone Can Nat. Columbus Nat Bank: First Nat'l Bk A Tr. d Nat'l Bank of So Dak Northw't Sec Nat Bk d A* 100 25 727,325 2,871,078 Nomi nal. 25 10 903.313 87,432 489,697 share. 30 1M 5X 40 50 1,580,396 2,527,265 167,500 120,000 300,000 Newport Nat Bank.. Newport Trust Co.. 292 15H 4H 50 100 Preferred / 25 125 6,849,599 Woonsoeket Trust Co d 10 50 6,259,156 9,819,128 3,o46,324 61 Per 400,257 Onion Trust Oo... "35"" 31 16 50 «fc> 8 7 RHODE ISLAND 400,000 1 Preferred 23 Keystone Nat bk— Common Dec. 31 Common 117 9 10 100 r 454,241 579,500 448,001 991,089 238,481 489,988 10 30 20 "26" Newport— Aqnidneck Nat Bank 4 ...... 300.000 500,000 307.750 7H 25 17 Nomi nal. 30 200,000 100.000 200,000 500.000 Forbes National Bk. Fourteenth St Bank. d Freehold Bank.... Haselwood Bk (The) National Banks ^ Penn Co for Insur on Arsenal Bank 10 4,558,333 f 20 8,400.000 14,717,660 289,266,288 750,000 *1,203,381 604,029 3,200,000 12,104,710 60,174,737 1,500,000 2,492,031 10,677,665 300.000 * 362,706 4,097,809 125,000 t 43,622 1,083,639 15 46 25 10 i } 12 50 Tioga Nat Bk a TrOo d 25 82,815 2,899,453 Tradesmen's National Bank a Trust Co. 3,300.000 5,031,383 59,207,197 100 Wyoming Bk a Tr__ d 300,000 128,371 3,568,103 Broad Street Trust.. 400.000 t 2 531,193 2,754,873 Chestnut Hill t a Tr 250,000 c 50 100,294 1,672.953 Citizens a So b a Tr * 125,000 100 13,813 680,320 100 Fidelity-Phlla Tr Co 6.700,000 14,107.752 135;842,729 Finance Co of Pa 2,320.000 8,983,594 1,217,804 100 srrankford Trust Co. 600,000 10 1,802,670 12,760,442 German town Tr Co. 1,400.000 2,278,584 22.549,568 10 Girard Trust Co 4.000.000 10,537,487 137,671,862 10 Industrial Trust Co. dl.132,250 10 680,290 11,762,657 Land Title Bk a TOo Common 1,875.000 12,237,577 34,681,803 1 25 Preferred 6,500.000 1100 1.000,000 1,193,563 Liberty Title a Tr Co 60 12,457,184 50 Mid-City Bk a Tr Co el.500.000 646,239 6,911,172 Ninth Bank a Tr Co d2.200,000 10 632,498 21,353,213 Northern Trust Co.. 500.000 3,125,092 15.082,237 100 Nor Phila Trust Co. 500.000 1,373,791 50 9,060,351 PittsburghAllegheny Valley Bk- 225.000 Fork Oo Nat Bank.. Preferred Sonsitaly Bk a Tr Co Western Nat Bank.. 371,209 600,618 190,614 554,434 , 15 25 Security Bk a Tr Co. 250.000 190,000 150.000 500.000 126,000 Common a25 f 25 Common 14 42 York- Indus nb West yk. ..... 10 60 Common South Phil a Nat Bk- 175 Cent Nat Bk a Tr Co Preferred 302,500 1c 160.228 3,427.593 197,500 ) Philadelphia Nat Bk 14.000.000 33,341,675 620,282,251 Roosevelt Bank..... d 269.818 125,230 3,064,781 Second Nat Bank— 60 70 327 20 Preferred Real Est Tr Co National 10 2,428,397 ( i 2,688,954 4,296.474 115 52 72 180 105 Willi&msport— 20 10 Northw'n Nat bk— Lives a Grant and 500.000 30M 12X 78,224,424 10,994,193 7,237,302 312,075 Kensington Nat Bk. dl,124,760 Market St Nat Bk__ 1,000.000 NatBkofGer ATrOo 400,000 Nat'l Bk of 01ne>— Common 108,000 ii 76,741 Preferred 92,000 North Broad Nat'l Bk 250,000 232,374 Northeast Nat Bank 200.000 i 285,859 Penn w'h'g a 8 d Co Provident Trust 500.000 Dep a Sav Bk. Wyoming Nat Bank. Philadelphia— i aio" 1941. 1939. I Last sale. n The First National Bank of Oorvallls, Ore., was absorbed by th . United States National Bank of Portland, effective Dec. 30, 1940. n 0 New stock. v Affiliate of the First Bank Stock Corp, 1 Sept. 30, 1940.1 [I June 29. 1940. x Ex-diridend. 110 BANKS AND TRUST National Banks "a"SZ'Tts SOUTH CAROLINA sta:e£%Hi\,km' Surplus & Profits Capital Charleston— Cltiz. A Sou Nat'l Bk Carolina Sav Bank.. 200.000 60,000 Merch A Miners Bk. South Caro Nat Bk— Common n 325,539 44,708 1,320,000 \ftll21al7 880,000 J Preferred. Columbia— First Nat Bk of Col- 200.000 35,000 Lower Main St Bank Bid 28,429,232 glOO 6,424,008 568,363 11** 100 110 125 39,224,595 /100 17 19 lioo 100 100 176,569 288,411 6,426,921 1,642,094 610,522 600,729 7,880,267 5,383,798 83,826 n 10** 100 4,186,217 125 20 10 101* 250,000 200.000 20 60 64 10 33 34 25 Peoples Nat Bank— Spartanburg— Com'l Nat Bank 200,000 TENNESSEE State Institutions Dec. 31' Common 1,257,679 425,000 225,000 Hamilton Nat Bank. <2,500,000 Hnoxville— Bank of Knox ville— 50,000 Oomm'l Bk & Tr Oo. i 200,000 HamiltonNationalBk i 875,000 Park National Bank. 1,000,000 - J 524,158 Preferred 1,837.150 n 71,103 149,187 1,846,982 700,201 12,048,159 100 260 11,340,766 /100 155 100 100,000 1,200,000 1,000,000 50.000 52,495 2,626,238 2,305,068 n 95,171 1,134,148 66,309,314 40,323,426 1,414,372 3.500.000 5,584,234 89,350,765 100 150 10 11 250 255 15 14** 10 First National Bank. Nat Bk of Commerce State Savings Bank. Union Planters' Nat'l Bank A Trust Oo_ 100 105 100 100 283 275 3,000,000 3,150.000 300,000 1.000.000 ... Preferred Broadway Nat Bank Commerce Union Bk Nashville Trust Co— Common j 1,824,524 100 604,903 1,029,661 500.000 1,133,300 1.000.000 Preferred Third National Bank 69,194,754 / 205 26** 10 27** 14 13** 5,710,138 20 100 70 26,956,232 10 20 jn 600,007 1,852,052 34,028,694 share. 26,894,006 100 230 elOO 280 129,769 86,262 3,161,490 4,284,892 100 200 240 331,700 4.853,451 100 t 370,775 600,728 102,869 8,734,990 11,299,430 1,025,964 n 98 /100 103 Hon 100 50 100 210 50 87 100 3tate 80 UTAH Institutions/ Nomi nal. Per share. i 475,000 <1,000,000 Bait Lake City— Oontl Nat BkAT* Co First Security Corp. i 217,900 1,480,403 7,653,101 21,360,541 100 100 900,000 399,509 16,102,112 5,020,460 1,337,561 n 867,595 1,195,653 261,889 1,077,141 77,617,164 10 21,115,396 15,140,415 14,615,258 3,544,826 34,205,449 :::rc 100 <3,300,000 of Ogden First National 1 Dec. 31 100 100 100 100 Bank i 750.000 Utah State Nat Bank i 750,000 Zion's Sav Bk A Tr 1,000,000 Utah Sav A Trust Co 300.000 Walker Bk A Tr Co 1.500.000 . . 72 77 231* 24** 220 240 165 175 205 210 135 150 1171* 125 100 220 lioo 9,687,594 Per 1,202,054 250,000 500.000 100,000 Commercial Sec Bk. First Security Bk NA 110 293 285 NashvilleAmerican Nat Bank Common 170 ~155~~ 165"" 1,805,996 100 3,726,798 6.25 30,223,229 100 10 14,072,670 MemphisOomm & Indust Bk. 275 lioo 51,229,357 $ Off den- Nomi nal. Per share. 750.000 Ask 25 Chattanooga— Amer Tr A Bkg Oo-Oommercial Nat Bk: Bid J 138,136 300,000 Dec. 31 Dec. 31 Par 6,235,960 Nat Bank of Oomm. <1.084,000 National Bank ofFort Sam Houston 100,000 San Antonio Nat Bk < 400,000 South Texas Nat Bk- National Banks National Banks $ ... Waco— Citizens' Nat Bank.. First National Bank. National City Bank. Gross Deposits Nomi nal. San Antonio (Con el.) $ Groos Nat Bank— Common 350,000 Preferred 90,000 Oommon Dec. 31 Surplus & Profits ■ Capital 11 Greenville— First National Bank. . Ask Nomi nal. Per share. $ 751,225 n 1 Par State Institutions TEXAS Dec. 31 Cross Deposits $ $ 1,000,000 COMPANIES J100 "75" 21 National Banks -Dec. 31 $ 110 100 250 255 Institutions Dec. 31 Nomi nal. Per share. Barre— Granite 8 B A Tr Co 110,000 People's Nat Bank.. Quarry S Bk A Tr Co Burlington— Chittenden Co Trust i HswardN&tBkATrOo Merchants Nat Bank 606,869 298,625 173,915 491.500 600,000 100 100 100 6,793,306 7,185.073 969,097 3,296,539 100 100 40 100 2.515,257 100 614,375 83,927 423,615 150.000 <1.085.961 Montpeller— O&pltal B B A Tr Co < 3,992,338 3,059,798 2,049,748 613,311 200,000 204,500 B arlington Trust Co. 1100 State VERMONT "85 100 N o re cent sa les 407,500 26,224 150,000 164,800 100,000 516,201 199,353 3.109,775 1100 119,155 224,306 2,575,103 1,390,729 100 150.000 100,000 228,882 156,704 2,825,513 1,187,586 100 N o re cent 100,000 125.000 157,500 173,447 2,959,185 J100 sa les 178,370 2,260,376 First National Bank: Common... Preferred National Banks TEXAS Dec. 31 State Institutions Dec. 31 Montpeller Nat Bank i Montp'r 8 B A Tr Co \100 20 25 30 Rutland— Nomi nal. Austin< . Capital Nat BankCapital stock.... 300,000 570,750 . Preferred stock.. 14,325,816 20,656,796 100 100 J 179,647 4,160,335 /100 400,000 400,000 200.000 712,276 975,211 90,704 12,590,336 15,054,720 2,642,638 Beaumont— . . Becur St Bk A Per share. 569,070 875,093 125,000 75,000 . t < n Dallas— . _ 100,000 250,000 . - Mercantile Nat BkCommon 1.650,000 350.000 . . Republic Nat Bank.. 4,000,000 - Nat Bank of Co 4,902,249 436,098 128,872 200,000 . Texas Bank A T Common J 1,732,502 150.000 . Oak Cliff Bk A1 116,838 302,912 125,000 . Capital notes. 40,000 El Paso— k 300,000 300,000 Fort WorthContinental Nat Bk. First National k j 115,131 1.500,000 . 750,000 . . . o o 2,000,000 400,000 15,420 < 210.000 Common Preferred Rutland Trust Co— < (100 100 National Banks o sa a;39** 46** 41 64 66 38 J* 40 48 20 "5l" "B§" 215 "46" 44 38 I 20 40 14,633,965 25,896,585 100 100 Boo" 463,818 1,373,877 17,793,854 43,488,595 60 20 47** 71 50 50 52 J2,569,723 s n Galveston— 100 "loo" I25" City National B First National Bank. Hutchings-Seal; 200,000 200,000 518,885 479,290 16,066,291 6,645,996 100 100 N re National Bank.. U S National Bank. 750,000 500,000 cent 472,283 895,791 12,443,336 12,755,459 100 60 sa les . - . . Houston— Cltisens State Bank. - Common . Preferred First Nat Bank- -- - . - < 250,000 345,134 7,898,946 500,000 I 100.000 1 622,864 3,000,000 1,350,000 Houston Nat BkCommon 632,500 ; Preferred 367,500 1.000,000 Nat Bank of Comm. <2,200,000 k 700,000 k 1,000,000 - . _ - . - Preferred. - 48 20 J 287,745 1 1 15,444,012 /100 1100 35,867,130 100 1,876,010 395,896 1,400,000 61,425,738 11,740,994 36,158,743 100 100 600,Q00 995,585 <1,200,000 362,080 J 148,721 1 i ! t . 100,000 200.000 1 { t 75 A . . Common. 500,000 796,900 200,000 75,000 c 600,000 500,000 526,136 399,862 5,082,770 4,493,616 60 107,000 100,000 300,000 98,994 108,323 473,978 283,906 680,909 5 3,054,252 100 111t1 563,204 1,005,921 1,201,795 150.000 n 146,432 Trust Oo__ People's Nat Bank.. Depositors Industrial Loan Bank....... Com'l Tr A Savs Bk: Lynchburg TrASB. Norfolk— Merch A Planters Bk 3,678,691 41,955,737 21,507,817 2,799,650 100 240 250 100 122 124 250,000 2,500,000 1,500,000 Nat Bk of Commerce Seaboard Citz N Bk. Southn Bk of Norfolk < Portsmouth— American Nat Bank. < Cltisens Trust Co.. Merch A Farmers Bk Richmond— Bank of Coram A Tr Central National Bk. Consol Bk A Tr Co.. First A Mer Nat Bk. Mech A Mer Bank.. / n 152** 1145 I llli 162** 100 5 I 1 25 1 1 1 7M /II •I111 /355 t 38M 38** 10 18 < 200,000 276,000 190,727 104,876 3,167,439 3,072,851 10 10 490,000 250,000 430,000 260,055 93,019 213,557 7,602,925 1,316,373 50 2,910,929 12,304,601 25,789,345 947,466 20 40 20 33 n n 600,000 1,000,000 80,000 3,000,000 200,000 1,128,447 1,315,527 69,907 3,768,736 159,202 10 7** • 1 • 1 ■ • N 0 100 re cent 100 sa les 10 31* 501* 20 20 84,553,773 2,744,450 ... 32 35 State-Plant BkATr: Common 1,250,000 11,497,190 Preferred 1,475,000 Sav Bank A Tr Co.. 200,000 546,432 Southern Bk A Tr Co 200,000 329,590 Virginia Trust Co < 800,000 935,858 Roanoke— Colonial-Amer Nat B 500,000 479,002 First Nat Exch Bank 1.000,000 1,766,418 Mountain Trust Bk. 800,000 396,392 el 55" National Banks Dec. 31 90 57,178,537 75,160 11,513,811 6,168,086 100 '270" 280"" 360 400 185 225 235" 100 310 100 100 lB5"" 165" 317 62,317,803 r I*'* 1100 25 4,175,096 15 6,382,256 50 6,630,765 6,377,538 31,637,133 5,715,051 18** ..... "78" 31 71 50 75 100 100 255 100 WASHINGTON State Institutions Dec. 31 SeattleSeattle—First Nat Bk Nat Bk of Commerce Nomi nal. Per share. .000,000 University Nat Bank .500,000 .500,000 ,500,000 200.000 400,000 550.000 Pacific Nat Bank Peoples NB of Wash. Sumitomo B of Seattle 7,734,840 209,377,590 a 20 4,129,376 102,641,178 / 25 1,653,103 35,007,205 100 20 nlf017,604 36,216,060 n 143,872 2,374,559 100 20 263,819 6,240,353 50 572,038 9,773,197 37** 385* "169" l74~~ r 30 32 62 66 100 85 95 Seattle Tr A Savs Bk 10,309,281 /100 80 92 t Stock of South Texas National Bank of San Antonio, Texas, all held by Central Securities Co. with exception of directors' qualifying shares. lioo Member of First National Corp. b Member of First Security Corp. n 562,743 354,477 6,770,904 4,379,099 100 100 1 • • 1 1 625 e Preferred stock retirement price. /Member of Marine Bancorporation. g Affiliated with the Citizens' A Southern National Bank Jl,044,435 20,751,506 1100 J 146,309 3,452,198 J 50 i 50 1,200,000 4.476.118 d Dec. 30,1939. • Ban Antonio Alamo National Bk: Common. 100 Lynchburg Nat Bank a . 8.920,655 H ca 0 1 Port Arthur— First National Bank. Nomi nal. Per share. 594,220 1125 2,281,889 1,500,000 2,187,500 # 200,000 d 234,824 365,000 285,000 20 67,733,841 flOO Texas . 25,514,610 I 0 185 J2,115,278 . South 100 [ . Dec. 31 1.000.000 _ 20 10 390,249 1,172,507 Institutions State VIRGINIA Lynohburff— First National Bank. Citizens Nat Bank. Petersb Sav A AmTr 68 52,195,753 I 20 9,532 73,455 100 Petersburg— 740,825 1,802,128 n lioo les 100 45,927,759 I 20 \ 20 20 92,413,521 7,538,540 100 20 3,230,274 Dec. 31 rec ent 20 2,785,062 8,243,284 3,166,832 N 100 20 10 elOO 100 1.000.000 965,668 26,902,945 5,000.000 10,123,901 137,343,186 ClementNat Bank— KUllngton Nat Bank Ratland Co Nat Bk: h Represents quotation for First Security 170 stock. lioo 42,118,6471 100 of Atlanta, Ga. Corp. of Odgen, Utah, class A i Common and pref. stock outstanding. 38 43 /Last sale. n June 29, 1940. 050 216" o Controlled by the Joseph F. Meyer interests, 240 s March 26, 1940. t Reserves. r Member t Peoples Corp. Ex-dividend. National Banks ' Capital Surplus A Profits Institutions State WASHINGTON Dec. 31 111 TBUST COMPANIES AND BANKS FEB., 1941] National Banks Dec. 31 Dec. 31 Surplus A Ask Bid Par Gross Profits Gross Deposits Institutions State WISCONSIN Dec. 31 Deposits Capital Par $ 500,000 Spokane— First Nat Bk In Spok Old N B&UnTOo. a 750,000 743.800 flnmmnri Preferred Per $ ' 7,063,457 $ 165,233 27,569,212 1100 J 798,585 share. 47 100 Milwaukee (Concl. y Teutonia A veStateBk t West Side Bank... Wisconsin State Bk First Wise Trust Co. _ tioo Ask Bid Nomi nal. Nomi nal. a $ 382,800 400,000 300,000 1.000.000 d $ 112,294 885,507 391,897 786,087 . Per $ share. 20 8 10 100 160 200 20 2,875,039 5,569,999 5,579,563 5,884,330 34 37 100 Old National Corp— Ulf No 245,008 50,000 200.000 9~48,803 9,607,796 1,155,143 303,628 27,894,954 10,906,291 100 Class B (voting).. Washington Trust Co No 25 WYOMING NatT:lT1' 140 125 20 IB 34 Per Cheyenne— American Nat Bank. NaHonal Banks - - 1.30 1.45 1.20 1.35 100 Tacoma— Nat Bank of Wash.. al,350,000 Paget Sound Nat Bk a 720,000 Class A 8tock Growers N Bk. WEST V,RGINlA 318,237 share. 100 100 7,719,138 304,098 250,000 300.000 9,600,400 Nomt nal. Per Charleston— Charleston Nat Bk_. KanawhaBkg&Tr Co 600.000 Kanawha Valley Bk. 1.000,000 Nat Bank of Comm. 200.000 600.000 Central Trnst Oo 155,292 308,199 share. 25 24,812,688 6,584,291 22,319,553 3,777,486 ,591,779 444,766 ,506,017 1,062,600 100 N 0 100 100 re cent sa les 449,083 100 s Canadian Bank Statements Returns are all of Nov. 30,1940. Prices are per cent, not per share. Huntington— 1.000.000 101,600 160.000 412.606 Nat Exchange Bank. 600.000 600,000 86,440 784,246 684,167 Be Side Bk A Tr Oo. 100,000 21 50 50 65 1,119,185 100 70,565 8av Bank Nat Bank ofWVa.. 19 1,209,183 66,604 Center Wheeling Say Half Dollar Trust A 17,916,300 1234 ,491,200 120,726 First Hunt g Nat Bk Twentieth St Bank-. i NOVA SCOTIA Wheeling— 180 I 300,000 A Trust Oo 819,619 1,800,000 Security Trust Co.. Wheeling Dollar 8avs 2,992,039 20,506,471 National Banks 100 100 100 /125 1101 100 /300 100 Gross Surplus A Profits /105 1155 Capital Halifax- Deposits $ $ Par Bid Per $ Bank of Nova Scotia 12.000,000 24,000,000 262,005,366 100 281 Dec. 31 Per TorontoNom inal. Per La Crosse— Batayian Nat Bank. 176,000 d Exchange State Bank Nat Bk of La Crosse. State Bk of La Crosse share. 400,000 d 100,000 d 304,392 90,030 380,037 183,240 20 5,432,268 1,245,457 100 6,124,257 S100 3,128,448 100 20 180,168 191,644 250,000 200,000 3,736,549 4,474,073 20 24 City Bank A Tr Co.. First Wise Nat'J Bk— a Common Preferred Home Sayings Bank. Kilbourn State Bk.. 285,000 48 100 245 250 100 157 158 7.000,000 122,714,686 8,000,000 146,933,693 100 Bank of Toronto. Dominion . Bank 6,000,000 7.000,000 27 100 7,600.000 7.500,000 55 a J8,929,891 a360,000 150.000 d 22 Imperial Bank of Can N 0 re 7.000,000 255,001,203 {.!. 20 181,039 58,289 3,656,340 1,913,004 50,000 225,000 Marine Nat Exch Bk 2,200,000 Marshall A Hsley Bk o2,895.000 Mitchell St State Bk. a 596,000 Northern Bank...,. a 250,000 Park Sayings Bank.. a 539,500 8tate Bank of MUw. a 550,000 les 60,426 1,554,120 i i trt 100 H—1 ICO QUEBEC Income debentures 20 42 45 20 21*4 23*4 20 20 100 20 Securities 780,287,702 136,301,266 16,281,330 4,000,000 1,000,000 46,359,526 Provincial Bk of Can Royal Bk of Canada. 35,000,000 20.000.000 807,369,363 7%. due 1953, April 1,1941. at 103 ft. Sinking fund income 8% (unstamped) due 1953, Apr. 1,1941. at 103 H. due 1945, Feb. 15 at 10134. Central Power Co. 5% series D, due 1957, Feb. 6 at 1023-4. Charleston Transit Co. 1st 5%, due 1942, Mar. 1 at 102. 1st mtge. certificates of indebtedness, Mar. 1 at 102. Collateral trust 5-7% notes due 1942, Mar. 1 at 102. Collateral Bankers deb. 6%, series AA, due 1953, at Feb. 1105. Debenture 6% series AB, due 1948, Mar. 1 at 105. Debenture 6% series AC, due 1952, Apr. 1 at 105. Debenture 7%, series D, due 1956, Apr. 1 at 105. Congress Square Hotel (Portland, Me.) 1st 5 >4 %. due 1946, May 1 at 102. Crucible Steel Co. of America 4H % series A, due 1948, Jan. 31 at 104. Davidson Biscuit Co. 534%. series A, due 1945, Apr. 1 at 102^4. De Paul Hospital (St. 1940. at 100. 146 Louis, Mo.), 3% to 4%, due 1941 to 1947, Nov. 1, * Detroit Edison Co. gen. & ref. 434%, series D, due 1961, Mar. 1 at 105. Electric Auto-Lite Co. conv. deb. 4%, due 1952, Feb. 8 at 104. El Paso Electric Co. 1st 5% series A, due 1950, Florida Telephone Corp. 2d 6s, 1954, Jan. 100 Feb. 6 at 102. 1, 1941, at 102. 10734. Jones & Laughlin Steel Corp. 1st 4 34 %«, series A, due 1961, Mar. 1 at 104. Keystone Telephone Co. of Philadelphia— 1st lien & ref. 534%, series A, due 1955, Feb. 17 at 103. 1st lien & ref. 6%, series B, due 1951, April 1 at 103. Lone Star Gas Corp. 334 %. due 1953, Mar. 1 at 105. 100 163 m Matthiessen & Hegeler Zinc Co. 6%. due 1 at 10034. Equipment trust 434 %, due 1941 to 1946, Feb. 1 at 102. Equipment trust 434 %, due 1941 to 1947, June 15 at 102. Equipment trust 5%, due 1941 to 1943, June 1 at 101. Penn-Ohio Edison Co. deb. 6%, series A, due 1950, Feb. 1 at 10434. Mar. 1 at 104. Feb. 11 at 102. Pittsburgh Coal Co. deb. 6%, due 1949, Feb. 1 at 105. Pittsburgh Steel Co. s. f. deb. 6%, due 1948, Feb. 1 at 103. Philadelphia Suburban Water Co. 1st 4%, due 1965. Phillips Petroleum Co, conv. deb. 3%, due 1948, Poor & Co. debenture 4%, due 1946, Feb. 1 at 10134. Port of New York Authority Ist4%, due St. Joseph Water Co. 1st 1975,Mar. 1 at 104. 4%, series A, due 1966, Feb. 15 at 105. Silverwood Dairies, Ltd.— 1st & ref. 5%, series A, due 1942 to 1951, Mar. 25 at 1st & ref. 5%, series B, due 1952, Mar. 25 at 101. Southern Counties Gas Co. of Calif. 1st 4 34 Treasury (U. S. of America) 3J4% due 103. %, due 1968, May 1 at 10134« 1941-43, March 15 at 100. STOCKS Montana Dakota Utilities 1st 434%, due 1954, New York Connecting RR. Co.— A, due 1953, Feb. 1 at 105. Feb. 1 at 105. Alaska Pacific Salmon preferred, Feb. 5 at 20. Bayuk Cigars 7% preferred, April 15 at Bell Telephone of Pa. 634 City Water of Chattanooga 6% Cuneo Press, Inc., 634 % 110. % Pref., April 15 at 110. preferred, Feb. 1 at 105. preferred, Feb. 17 at 108.66. preferred, Feb. 6 at 100. Illuminating & Power Securities 7% preferred, 1945, Mar, 1 at 100. Feb. 8 at 10334. 104X North American Car Corp.— Fairfield Western Maryland Dairy 6% Luzerne County Gas & Electric Corp.— 1st & ref. mtge. 6%, due 1954, Mar. 1 at 105. 1st mtge. ref. 5%, due 1948, April 1 at 105. mm ------ (Concluded) Nordberg Mfg. Co. 1st serial 6%, due 1941, Mar. 1st serial 6%, due 1942, Mar. 1 at 10034. 1st serial 6%, due 1943, Mar. 1 at 10034 • Illinois Bell Telephone Co. 1st & ref. 3Hs, series B, due 1970, April 1 at First 5% series B. due 1953, 186 X m 100 Gulf Public Service Co. 1st s. f. 6% series A due 1945, April 1,1941, at 102. First 434% series cent. stocks which are being prepaid BONDS BONDS Bear Mountain Hudson River Bridge Co.— , 185 100 Called for Redemption following tabulation indicates alphabetically Corporation bonds and entirety. Carlisle Lumber Co. 1st 6% 100 t Wisconsin Bankshares Corp. no par stock. * 8ale price. a Common and preferred stock debentures outstanding. c March 26, 1940. d June 29, 1940. e Member of the Northwest Bancorporation. i Member First National Corp. I Last sale. s Trust funds. t All stock held by Old National Corp. The in their Per MontrealBank of Montreal... 36,000.000 39,000.000 7.000.000 5.000,000 Banaue Oanadienne. 750,000 Barclays Bk (Canada) 1,500,000 100 44,264,778 56,081,564 2,655,103 4,104,185 2,012,384 2,811,362 18 16 20 ,449,701 ,203,533 26,512 63,819 140,249 73,620 \c 100 cent sa Lincoln State Bank: Common cent. 9,000,000 136,309,353 Can Bank of Comm. 30.000.000 20,000,000 570,390,554 Milwaukee— Amer State Bank Ask cent. ONTARIO State Institutions WISCONSIN Dec. 31 12234 25 2,202,533 7,316,459 5,704,835 1,158,789 5,713,193 , McCrory Stores 6% conv. preferred, Feb. 1 at Second Investors $3 conv. prior pref., Mar. Shell Union Oil Corp. 534 % conv. Feb. 15 at 115. 110. 1 at 55. preferred, Mar. 1 at 105. 15 at 27. Union Premier Food Stores, preferred, Mar. Wheeling Steel 6% preferred, April 1 at 100. 112 MONTHLY REVIEW DAILY RATES ! OF FOREIGN EXCHANGE — Portugal Brazil Chile Bolivia Escudo Milrels Peso Boliviano Sucre Cables Checks Checks Franc Franc Cables Checks (Concluded) *•* Switzerland France Jan. ' » Checks Cables Checks Cables Cables Ecuador Jan. 1— Jan. 1— 2.22 Jan. 2— 5.02i5.15 3— 2.24 23.20a23.2134 23.20 34a23.22 23.20a23.2134 23.20 34i23.22 4.00a4.02 Jan. 4.00a4.02 Jan. 3„ 5.05i5.15 5.17 3.00 6.7017.00 Jan. 4._ 2.23 23.20a23.2134 23.20 34a23.22 4.00a4.02 Jan. 4— 5.0515.15 5.17 3.00 6.70i7.00 Jan. S.¬ Jan. 5— Jan. HOLIDAY 1„ SUNDAY 6— 2.22 Jan, 7- 2.22 Jan. 8— 2.22 Jan. 9_- Jan. 10— 5.17 3.00 ■ 6.70i7.00 SUNDAY 23.20a23.2134 23.20 34123.22 23.20a23.2134 23.20 34a23.22 23.20a23.2134 23.20 34I23.22 3.993414.02 Jan. 5.17 3.00 4.00a4.02 Jan. 7— 5.05i5.15 5.17 3.00 4.00a4.02 Jan. 8_. 5.05i5.15 5.17 3.00 4.00a4.02 Jan. 9— 5.05i5.15 4.0014.02 Jan. 10— 5.05i5.15 11— 5.0515.15 Jan. 11„ Jan. 12- 2.22 23.20a23.2134 23.2034123.22 23.20a23.2134 23.20 34123.22 23.20a23.21 23.20 34a.2134 Jan. 2.22 23.20a23.21 2.22 2.203412.22 HOLIDAY 4.00a4.02 SUNDAY Jan. Jan. 23.20 34a.2134 23.20 34a.2134 5.05i5.15 6.. 12— Jan. , 13— • 6.7017.00 . 6.7017.00 6.7017.00 5.17 3.00 6.7017.00 5.17 3.00 6.7017.00 5.17 3.00 6.70i7.00 3.00 6.7017.00 SUNDAY 13Jan. 14.. Jan. 15— No rates 2.2234 23.20a23.21 23.20 34a23.22 4.00a4.02 Jan. 15-. No rates 5.05i5.15 5.17 3.00 6.70i7.00 Jan. 16-. available 2.22 23.20a23.21 4.00a4.02 Jan. 16— available 5.05i5.15 5.17 3.00 6.7017.00 Jan. 17- 2.22 23:20a23.21 23.20 34a23.22 23.20 341.2134 4.00a4.02 Jan. 17- 5.0515.15 5.17 3.00 6.70i7.00 Jan. 18— Jan. 19-- 2.22 23.20a23.2134 23.20 34123.22 4.00a4.02 Jan. 18.. 5.0515.15 Jan. 20— Jan. 21.. 2.2134 23.2034a23.22 23.21a23.22 34 23.20 34a.2134 23.21a23.22 2.22 23.20a23.21 4.00a4.02 4.00a4.02 SUNDAY 2.22 Jan. 22— 2,19a2.22 Jan. 23— 2.22 Jan. 24— 2.22 Jan. 25„ 2.20 Jan. 26— Jan. 27- 2.20 23.24 2.19 23.23 2.18 23.22 34123.29 23.23 2.16 2.17 23.2134123.25 23.22 23.2134123.24 23.22 Cables Jan. 21— 5.0515.15 5.17 3.00 6.7017.00 5.05i5.15 5.17 3.00 6.70i7.00 Jan. 23.. 5.0515.15 5.17 3.00 Jan. 24— 5.0515.15- 5.17 3.00 6.7017.00 4.00a4.02 Jan. 25— 5.0515.15 5.17 3.00 6.7017.00 6.7017.00 SUNDAY 4.00a4.02 Jan. 27— 5.05i5.15 5.17 3.00 6.7017.00 4.00a4.02 Jan. 28-. 5.0515.15 5.17 3.00 6.7017.00 4.00a4.02 Jan. 29.. 5.0515.15 5.17 3.00 6.7017.00 6.7017.00 123.26 4.01a4.04 Jan. 30— 123.25 4.01a4.04 jan. 31. Krona 5.0515.15 5.17 3.00 5.05a5.15 V _ 5.17 3.00 Uruguay Hungary Venezuela Peru 6.7017.00 Japan Hongkong Dollar Pengo Peso Bolivar Sol Yen Cables Cables Cables Cables Cables Cables 19.77il9.85 65.83 23.50i23.75 15.75al6.00 I9;77il9.85 Jan. 3— 65.83 2l3.50i23.75 15.75al6.00 23.44i23.50 23.63 123.82 19177119.85 Jan. 4— 65.83 23.50i23.75 15.75116.00 23.44l23.50 23.58 123.82 Jan. Checks 5— I9.77al9.85 23.58 Ha23.82 Jan. 23.82i23.85 39.97a40.05 23.82a23.85 23.82 34a23.86 23.82 341.85 34 39.98a40.05 23.82a23.85 23.82 34a23.86 SUNDAY 39.98a40.06 6.7017.00 6.7017.00 Jan. 22-. HOLIDAY 39.98a40.05 5.17 4.00a4.02 123.29 23.24 34123.30 123.27 23.2334123.28 Sweden 3.00 3.00 5.17 4.00a4.02 123.30 Jan. 31-. 6.7017.00 SUNDAY 5.0515.15 Jan. 26— Jan. 28— Jan. 29— Jan. '30— Reichsmark 20— 3.00 5.17 4.00a4.02 SUNDAY Checks 19— Jan. 5.05i5.15 5.17 4.00a4.02 23.20a23.2134 23.20 34a23.22 23.20a23.2134 23.20 34a23.22 23.2334123.29 23.24a23.30 23.28a23.49 23.29i23.50 Germany 14— Jan. Jan. 4.00a4.02 5.0515.15 23.82a23.85 23.82 34a23.86 23.82 J4a23.86 1 Jan. 2— Cables HOLIDAY — 23.44l23.50 23.63 123.82 -SUNDAY Jan. 6— 65.83 23.25i23.75 I5.75al6.00 23.44i23.50 39.98a40.06 23.82a23.85 19.77il9.85 Jan. 7„ 65.83 23.55i24.00 15.75ll6.00 23.44i23.50 39.98a40.05 23.81 Ha23.85 23.82a23.86 19.77il9.85 Jan. 8.. 65.83 15.75ll6.00 23.44i23.50 23.57 123.80 39.99a40.05 23.81 Ha23.85 23.82i23.86 19.77al9.85 Jan. 9_. 65.83 23.55i24.00 23.55i24.00 15.75al6.00 23.44l23.50 123.83 39.99a40.05 23.81Ha23.85 23.82i23.86 19.77al9.85 Jan. 10- 65.83 23.75i24.00 15.75ll6.00 23.44i23.50 23.62 23.62 19.77il9.85 Jan. 11— 23.57 123.75 123.87 39.99a40.05 23.81 Ha23.85 23.82i23.86 65.83 23.75i24.00 15.75al6.00 23.44i23.50 23.63 3*123.87 Jan. 12— 39.98a40.05 19.77al9.85 Jan. 13— 65.83 24.00i24.50 15.75al6.00 23.44i23.50 23.62 SUNDAY - SUNDAY 39.98a40.05 23.81 Ha23.85 23.82a23.86 23.81 Ha23.85 23.82a23.86 19.77al9.85 Jan. 14- 65.83 24.25i24.50 15.75al6.00 23.44i23.50 23.571*123.84 No rates 39.98a40.05 23.81 Ha23.85 23.82a23.86 19.77il9.85 Jan. 15— 65.83 24.25i24.50 15.75al6.00 23.44i23.50 23.57 123.82 available 39.98a40.05 23.81 Ha23.85 23.82a23.86 23.81 Ha23.85 23.82a23.86 19.77ll9.85 Jan. 16— 65.83 24.25i24.50 15.75il6.00 23.44i23.50 23.48 123.68 39.98a40.05 19.77119.85 Jan. 17— 65.83 24.25i24.50 15.75al6.00 23.44i23.50 23.54 023.75 39.98a40.05 23.82 H123.85 23.83a23.8534 I9.77al9.85 Jan. 18— 65.83 24.25a24.50 15.75al6.00 23.44i23.50 23.62 123.82 Jan. 19.. 16.00 23.44i23.50 23.62 16.00 23.44i23.50 SUNDAY 39.98a40.05 23.84a23.8634 23.85a23.87 19.77il9.85 39.98a40.05 23.82 341.85 34 23.83i23.86 23.81 J41.8534 23.82a23.86 19.77al9.85 19.77al9.85 19.77il9.85 I9.77il9.85 9.77119.85 SUNDAY Jan. 23— 39.98a40.05 39.98a40.05 39.97a40.05 39.98a40.05 23.82i23.85H 23.82 34a23.86 23.83a23.85J4 23.83 34a23.86 23.83 J4a23.89 23.84i23.90 39.97a40.05 65.83 24.25a24.50 Jan. 21— 65.83 24.25i24.50 Jan. 22— 65.83 24.25a24.50 16.00 65.83 24.25a24.50 16.00 23.44i23.50 Jan. 24.. 65.83 24.25i24.50 16.00 23.44i23.50 Jan. 25- 65.83 24.25a24.50 16.00 23.44i23.50 Jan. 20— Jan. 26— SUNDAY 23.8434a23.90 23.85 123.91 I9.77ll9.85 123.87 23.44i23.50 123.82 23.64Hi23.85 23.67Ha23.87 23.73 123.93 23.71 Ha23.97 23.71 124.00 SUNDAY Jan. 27— ! 65.83 24.25a25.00 16.00 23.44i23.50 23.77Ha24.Oo 39.97a40.05 23.84 a23.88 23.84J4a23.89 I9.77al9.85 Jan. 28— 65.83 24.50a25.00 16.00 23.44i23.50 23.74 H124.00 39.97a40.05 23.83 J4a23.85 23.84 123.86 23.83 123.86 23.83 J4123.87 23.82 34123.85 23.83 123.86 I9.77al9.85 Jan. 29.. 65.83 24.50a25.00 16.00 23.44i23.50 19.77119.85 Jan. 30— 65.83 24.50a25.00 16.00 23.44i23.50 I9.77al9.85 Jan 31— 65.83 23.74 H124.00 23.80 124.00 24.50a24.75 16.00 23.44i23.50 23.79 Philippine Straits 39.97a40.05 39.97a40.05 . 124.0 o Spain Italy Finland Shanghai Islands Settlements India Java Peseta Lira Markka Yuan Dollar Peso Dollar Rupee Guilder Cables Cables Checks Cables Checks Cables Cables 15.75 49.80i49'«i« 47.10a47.62 30.18i30.35 3_. 5.40 15.75 49.80a49"» 47.10i47.62 30.18i30.35 4— 5.39Ha5.75 49.80a49l,u 47.10i57.62 30.18i30.35 Cables Jan. 1— 2.0112.05 Jan. 2 5.0415.07 2.0112.05 Jan. 5.0415.07 2.0la2.05 Jan. Jan. 9.13a9.25 9.13a9.25 • Cables 5.40 Cables 5.0415.07 5— HOLIDAY 9.13a9.25 SUNDAY '/ 9.13a9.25 — HOLIDAY SUNDAY Jan. 6— 5.46 15.75 9.13a9.25 5.0415.07 2.0la2.06 Jan. 7— 5.46 15.75 49.80a491,i8 49.80a49»u 47.10147.62 30.18i30.35 9.13a9.25 5.0415.07 2.0la2.06 Jan. 8-. 5.46 15.75 49.80a49»u 47.09a47.62 30.18i30.35 9.13a9.25 5.0415.07 2.01a2.06 Jan. 9— 5.46 15.75 49.80i49i«u 47.09a47.62 30.14i30.35 30.14i30.35 5.0415.07 2.0112.06 5.0415.07 2.01a2.06 5.0515.07 9.13a9.25 2.0112.06 SUNDAY 9.13a9.25 5.0415.07 2.01a2.06 5.0415.07 Jan. 10— 5.46 15.75 49.80a49l,ij 47.09a47.62 Jan. 11— 5.51 15.75 49.80a49,,ie 47.09a47.62 Jan. 9.13a9.25 12— Jan. 13- 30.15l30.35 SUNDAY 5.46 15.75 49.80a49l,u 47.09i47.62 30.14i30.35 2.01i2.06 Jan. 14— 5.43Ha5.75 30.14i30.35 5.0415.07 2.0112.06 Jan. 15— 5.46 15.75 49.80a49l,i« 49.80l49uu 47.09a47.62 No rates 47.09l47.62 30.14130.35 No rates available 5.0415.07 2.01a2.Q6 Jan. 16— 5.30 15.65 49.80a49,Jie 47.09a47.62 30.14i30.35 available 5.0415.07 2.00a2.06 Jan. 17— 5.23 15.60 49.80a49lsi» 47.09a47.62 30.14i30.35 Jan. 18— 5.23H15 60 49.80a491,ie 47.09a47.62 30.14i30.35 5.30Ha5.60 49.80a49lsi« 49.80a4918u 47.09l47.62 9.13a9.25 9.13a9.25 5.05i5.07 2.01a2.06 5.04i5.07 2.01a2.06 Jan. SUNDAY - 9.13(19.25 19._ Jan. 20— SUNDAY 9.13a9.25 5.0515.07 2.01a2.06 Jan. 21— 5.33 15.60 9.13a9.25 5.0415.07 2.01a2.06 Jan. 22— 5.34 15.60 9.13a9.25 5.0415.07 2.01a2.06 Jan. 23— 5.38 a5.60 5.0415.07 2.01a2.06 JaU| 24.. 5.38 5.0415.07 2.0112.06 Jan. 25.. 5.41 9.13a9.25 9.13a9.25 30.14i30.35 47.09a47.62 30.14i30.35 47.09a47.62 30.14i30.35 a5.60 47.09l47.62 30.14i30.35 15.65 49.80a49»i« 47.09i47.62 30.15i30.35 SUNDAY 9.13a9.25 2.0112.06 Jan. 27— 5.38 15.65 5.04i5.07 2.01a2.06 Jan. 28— 5.39 15.65 9.13a9.25 5.0515.07 2.0112.06 Jan. 29— 5.39 15.65 9.13a9.25 5.0515.07 2.01a2.06 Jan. 30— 5.36 15.85 9.13a9.25 « 5.0515.07 9.13a9.25 it 5.0515.07 2.01a2.06 Jan. 5.37H15.65 Rumania Bulgaria Yugoslavia Leu Leo Dinar Cables Cables Cables l.OO l.OO a30.35 30.14 130.35 Peso Checks Checks Cables Jan. .6834a.70 .68341.70 .6334a.70 ,6834a.70 .68341.70 .68)41.70 2.24a2.30 2.24a2.30 2.24a2.30 1 Jan. 2 141!# al4% Jan. 3- Jan. 4. 1434 al4% 14 al334% Jan. .68341.70 .68341.70 .6834a.70 2.24a2.30 Checks 5. — 2.24a2.30 .68 Checks 29.77 57.22i57.23 29.77 dlso't dlso't dlso't 57.23 H 29.77 57.23H 29.77 57.23 H SUNDAY Jan. 6 Jan. 7 14341al4% 14 34 ja 13 34% Jan. 8 14 Jan. 9 14 dlso't dlso't 29.77 57.23 H al334% 11334% dlso't 92.77 57.23H dlso't 29.77 57.18i57.23 Jan.10_ 1434]al334% disot* 29.77 57.2H57.23 Jan.11_. 14li»jal334% dlso't 29.77 57.21i57.23 1.70 Jan. 13-. l.OO 2.24a2.30 .68 1.70 Jan. 14.. l.OO 2.24a2.30 No rate8 .68 1.70 Jan. 15.. available .68 a.70 Jan. 16-. l.OO 2.24a2.30 l.OO 2.24a2.30 .68 a.70 Jan. 17.. l.OO 2.25a2.30 .68 1.70 Jan.18.. SUNDAY 1434lal4% dlso't 1434 ]al4% dlso't 1434% (discount 145ujal434% dlso't 1434 al4*u% dlso't 1434Jal4h«% dlso't Jan.19- SUNDAY Cables HOLIDAY ..... Jan. 12-. SUNDAY l.OO 30.14 Peso 2.24a2.30 l.OO 47.09l47.62 47.09a47.62 Peso 2.24a2.30 l.OO 30.12Hi30.35 Argentina 2.24a2.30 l.OO 30.12Hi30.35 47.09a47.62 Dollar 2.24a2.30 l.OO 30.14i30.35 47.09a47.62 Greece 2.24a2.30 l.OO 49.801491*16 49.80l49i»ie 47.09l47.62 Drachma SUNDAY l.OO — 49.80l49i»ie 49.80a49i*i« 49.80a49i»n Canada HOLIDAY l.OO 31 30.14i30.35 47.09a47.62 49.80a49»u 49.80a491'i# 49.80i491,i« Jan. 28— SUNDAY i 1 9.13a9.25 9.13a9.25 available 30.18i30.35 9.13a9.25 No rates available No rates 47.10147.62 29.77 57.21i57.23 29.77 No rates available 57.21i57.23 29.77 57.20i57.21 29.77 57.20 29.77 57.20 29.77 57.19i57.20 SUNDAY l.OO 2.24a2.30 .68 1.70 Jan.20-. 14341«145n% dl3C't 29.77 57.18i57.19 l.OO 2.24a2.30 .68 1.70 Jan.21.. 17 dlso't 29.77 57.18i57.19 l.OO 2.24a2.30 .68 1.70 Jan.22-. dlso't 29.77 57.18i57.19 dlso't 29.77 57.09l57.18 dlso't 29.77 56.98l57.18 dlso't 29.77 56.98l57.18 29.77 56.98i57.18 al5% l.OO 2.24i2.30 .68 1.70 Jan. 24.. 1734 jal6% 1734 116% 1734 11634% l.OO 2.'. 4—.30 .68 1.70 Jan. 25-. 1634]al6>4% l.OO 2.24a2.30 .68 1.70 Jan. 28. SUNDAY l.OO 2.23a2.30 l.OO Jan.23.. .68 1.70 Jan.27 2.24a2.30 .68 a.70 Jan.28 l.OO 2.30 .68 1.70 Jan. 29 l.OO 2.30 .68 1.70 l.OO 2.30 .68 1.70 Jan.30 Jan.31 - . - - - SUNDAY 1734 al6 H % dlso't 17»i«al634% dlso't 29.77 1734 11734 17'iial634% 1734 il7li«% dlso't 29.77 56.98 dl30't 29.77 67.01 dlso't 29.77 57.01 56.98