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* -r $40 BANK/QUOTATION RECORD U. REO. 5. RAT. OFFICS JANUARY IN RETROSPECT Page Commercial and Financial Events Cotton - - - - - _ _ _ _ - - - - 1 - Hides and Lea t h e rl 9 _ '71 "1_ Iron and Steel Trade. _ _ 't Money Market. Course of Stock Market 14 Dividend Declarations..-.- 13 New Security Federal Reserve Bank—Brokers' Loans 16 Petroleum and Its Products 6 .... 16 Issues 12 _________ 10 Rubber. 17 Textiles. Foreign Affairs Foreign Exchange 8 7 _. 8 Grain—Coffee—Sugar 9 9 United States Treasury Financing 11 INDEX TO STOCK EXCHANGE QUOTATIONS Page Page 57 New York Curb Boston Stock Exchange 58 New York Stock Exchange—Bonds. Chicago Stock Exchange.. 54 New York Stock Exchange—Stocks Cleveland Stock Exchange 59 Philadelphia Stock Exchange 61 Detroit Stock Exchange.. 60 Pittsburgh Stock Exchange 66 64 San Francisco Stock 62 Baltimore Stock Los Exchange. Angeles Stock Exchange . Exchange 41 __ 19 31 Exchange i; INDEX TO GENERAL QUOTATION S Page Page Municipal Bonds- Banks and Trust Companies— 102 - - Domestic 111 Domestic Canadian Canadian 92 94 Exchange Seats 84 Public Utility Bonds 73 Federal Land Bank Bonds 92 Public Utility Stocks 78 Foreign Government Bonds 93 Railroad Bonds 67 Industrial Bonds 81 Railroad Stocks. 71 85 Real Estate Bonds ______ Industrial Stocks — TOO Insurance Stocks Investing Companies Securities 72 84 — 85 . 85 Stocks B. William DANA United States Territorial Bonds. 92 COMPANY, Street, Corner -".Vrrr 85 92 Webruary 8, WILLIAM __ United States Government Securities. Mill Stocks—see Textile Stocks— Mining Stocks 86 Textile Stocks Title Guarantee and Safe Deposit Joint Stock Land Banks— Securities 101 Real Estate Trust and Land Stocks of 1940 PUBLISHERS Spruce Street, New York '{•! jiafe gcptfsil aud Jntst C# —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 gINCE 1876 this Company has devoted itself exclusively to the management and conser¬ vation of of its It is estates—specializing the whole effort highly trained organization in this business. one country of the few which has trust never companies in the engaged in general banking, selling securities, etc. Its Directors are: Charles H. Babcock A. E. Duncan Edwin G. William L. Galvin Baetjer William G. Baker, Jr. Robert Garrett Howard Bruce J. Edward Johnston George C. Cutler Blanchard Randall Lyman Delano Charles E. Rieman BANK/QUOTATION RECORD REd. Copyright in 1940 by WILLIAM B. DANA Entered as Second Class Matter, U. S. PAT. OFFICE COMPANY, in office of Librarian of Congress, Washington, D. C. March 9, 1928, at the Post Office at New York, N. Y., under the Act of March 8, 1879 NO. 2 NEW YORK, FEBRUARY 8, 1940 VOL. 13. labor which the efficiency of our our Bank Quotation Record and created," the President said. industrial processes has Jle added: We refuse the European solution of using the unemployed to build up The Bank and Quotation Record is one of the companion publication of the Commercial & Financial Ohronicle and is issued monthly. Terms for the Chronicle $18 are and U. S. Possessions and Territories; $19.50 in and Central America. Quotation Record is $12.50 Postage outside of United States extra. Single copies are sold at $1.50 per copy. " OHIOAGO OFFICE—208 South La Salle Street. LONDON OFFICE—Edwards & In liberty, of on of democracy and of fair play as living reason, President's following day FINANCIAL AND message to EVENTS Budget Message to Congress was election-minded Congress which assembled in an Washington last month first to hear the President's annual "state of the Union" and budget messages and then to begin while at the same time avoiding the necessity for either increasing taxes or raising the ever-approaching national debt limit of 45 billion dollars. With the proponents of economy assuming the task of increasing national defense expenditures the leadership, the sessions held last month resembled those of the same month last year when Congress returned fresh from to pare As a election to begin, albeit with little ultimate success, an the Administration's appropriation recommendations. result, attention during the month under review was focused the on would efforts yield to the for relief, be maintained pressure groups agriculture or a or whether economy Congress would and increase the appropriations similar items. President's An nual Against the initial of whether question background of annual budget, sent his when he Estimating expenditures at $8,424,$5,547,960,000, exclusive of social revenues at security collections, the President said that the followed his program of national defense with at least $460,000,000 in recommendation .to taxes and if the the finance a excess "capital total of new Treasury recovered the The expenditures forecast for 1941 are about $700,000,000. $675,000,000 belovr the most recent estimates of expenditures during the revenues fiscal current are of the current fiscal year. contemplated the while year, the estimated revenues $382,000,000 above The net deficit of $1,716,000,000 would be the lowest in 10 years. If Congress passes the appropriation bills carrying out to the dollar the President's budget recommendations, if government income lives up to forced to do, for work supplementary appropriations which he cut down in his budget, either for farmers, provision for which was eliminated in his budget message, the total government debt foreign affairs," the President voiced the hope that this Nation will remain at peace and recommended emergency for defense and for cooperating with other means the troubles of the world." kind of peace that will lighten In contrast with his to messages part by increased taxes, and his plea for a continuation of the reciprocal trade treaty "an indispensable part of the foundation of which, he said, powers, any were stable and durable peace," were the only legislative recommendations he made to the present Congress. Taking note of the budget he was present to Congress to President said that practically decrease from last year on the following day, the item would show every except the national defense a ex¬ penditures. The increase in this item, he recommended, In his discussion of domestic affairs the President expressed the view that the should be provided for by new taxes. Unemployment problem of today is "very definitely of youth as made in well our as of age." "Despite all the domestic a problem progress we problems—despite the fact have that production is back to 1929 levels—", the President said he could not "report that all oui; problems are solved. decreased, while their immediate needs for food and clothing—as far as the Federal Government is concerned—have been largely met, while their morale has been kept alive by giving them useful public work, we have not yet found a way to employ the surplus of or June 30, 1941, will approximately $62,000,000 As a result faced with a fiscal problem which had one of three politically distastefu', solutions: Increase taxes, increase the national debt limit, budget message, Congress was reduce expenses. or Move for Joint Committee to Study President's Budget In an effort consolidate to emphasis to their endeavors, their position and to lend advocates in1 on Jan. 4 by Senator Harrison proposing that Congress name a special committee of 24 members to study the President's national Congress sought to defense pass a the economy resolution sponsored appropriations and tax recommendations for 60 days and then make recommendations covering the entire taxes and spending. resolution in the Favorable action Senate on Jan. 10, was taken field of the on but House leaders, jealous of that body's prerogative in originating all appro¬ priation bills, indicated that they did not intend to call the resolution for action. up The House Appropriations Com¬ mittee did, however, take a step on behalf of the economy advocates when it voted 14 to 11 on Jan. 10 to instruct its sub-committees not to exceed the President's budget recom¬ mendations in reporting expense bills. Independent Offices Appropriations Bill While the number of the unemployed has $44,938,577,622, of the President's preyious Congress, the President's plea for increased national defense appropriations, provided for in opening to on under the statutory ilmit of $45 billion dollars. discussion a of relief, for parity payments to or Approaching " 'the state of the Union' through "to encourage the emergency funds" of various Federal credit agencies up to a amount measures $2,176,- 000,000, could be reduced to $1,716,000,000 if Congress stitutionally required message on the "state of the Union." nations differ¬ gross between the estimated income and outgo, or ence later in the session, as he indicated he might be in Europe, the President joint session of the House and Senate on Jan. 3, the opening day of the third and probably the last session of the 76th Congress, to deliver personally his con¬ appeared before fiscal affairs amplified on the; expectations, and if the President does not return to Congress Message to Congress war (Jan. 4) Congress. 191,570 and It united as a this continent the flames of human in his "state of the Union" message were REVIEW OF JANUARY—COMMERCIAL Much progress has the slack. The President's references teethe government's Spruce Street. New York. corner We en¬ dictatorships. result in increase of national income which is things to be preserved for the better world that is to come.1 WILLIAM B. DANA COMPANY, Publisher#, William Street an getting these things done, he said, "we must people keep ablaze Drapers* Gardens. E.G. Smith, 1 eventually the only way we can be sure will take up Spain, Mexico and Cuba, and $23 in other foreign The subscription price to the Bank and which American way—through been made; much remains to be done. countries. a year. armaments courage an annum,,within the United States Canada; $21.50 in South per excessive The first the measure affected by Congress' economy axe was Independent Offices Appropriations Bill which passed by the House sent to the Senate 187,263, or on Jan. 18 without a was record vote and carrying total appropriations of $1,100,- $94,517,206 less than recommended in the Presii . dent's budget. for REVIEW MONTHLY 2 the All of the reductions, except a $25,040 item of Personnel Administration, had been Council approved by the House Appropriations Committee before it reported the bill on Jan. 16. The major cut was made at the expense of the Maritime Commission; its request of $200,000,000 for the ship construction program was reduced by $75,000,000. In addition the House eliminated all funds for the National Resources Planning Board, which the budgeted at $1,105,000, and the Office of Reports, formerly the National Emergency Council, for which the President had asked $1,060,000. The President at a press conference on Jan. 19 criticized the elimination of funds, stating that the economies effected by the House's elimination of funds for three executive depart¬ President had Government House Naval Affairs Committee, and favored by the Adminis¬ subjected to month-long hearings beforeAlthough the necessity for an enlarged Havy was impressed upon the committee by a. number of witnesses from the Navy Department, the com¬ tration, the bill Mr. reported to be inclined to restore the House-deleted funds for the Resources Board and the Bureau of Government Reports and to restore some portion of the $75,000,000 cut in Maritime funds. It was reported on Jan. 31 that the Senate committee had added $39,000,000 to was finance shipbuilding contracts already let by the Maritime Commission and had made other minor changes in the bill, bringing the total Treasury-Post up to $1,138,693,000. Other Congressional Action Refusal of the House of The ..~™actiunoftheAppropriations-Committee4n."r.edueing"*H3:is' bill by $11,491,000 from budget estimates to a total of $1,032,154,612 was sustained by the House on Jan. 25. The most important slashes included $3,594,720 from the amount requested by the Coast Guard for its neutrality patrol and $2,500,000 from a $15,000,000 item for the purchase of strategic minerals. On the same day (Jan. 25), the House passed an "urgent" deficiency bill carrying $29,300,000 to provide for tax refunds by the Treasury, $29,000,000 to supplement existing funds of the Navy for armor, armament and ammunition for ships now under construction, and $202,600 to pay widows of deceased Representatives and provide other sundry expenses for the House. The total'of. $58,502,600 represented a reduction of $1,822,400 from the President's budget request. The House, after passing the bill on Jan. 25, sent it to the Senate. National defense appropriations likewise felt the effects of the economy movement. bill carrying more than In passing an emergency defense $264,000,000 for additional ex¬ penditures for the armed forces, the House on Jan. 12 cut the budget estimates by $7,388,271 on the ground that the Army's expansion program had fallen behind schedule. This appropriation bill provides funds for the current fiscal year and was necessitated, it is stated, by a series of orders implementing the President's proclamation on Sep. 8 of a state of national emergency. Before passing this bill on Jan. 25 the Senate made an additional cut of $12,788,664 which, combined with the reductions voted by the House, put the total of the bill $20,176,935 under budget estimates. The Senate reductions included cutting off the proposed appropriation of $6,075,000 for 81 Navy scouting planes, $3,000,000 for army field exercises and $1,000,000 for Army ransportation. Last year Congressional economy efforts came to grief managed to insert $283,959,562 in the Agricultural Appropriation for parity payments and disposal of farm surpluses. As a result, particular attention was paid last month to the action Congress would take on this year's Agricultural Appropriation. In his budget message the President recommended that no provision be now made for parity payments and that the total agricultural appro¬ priation should be $903,785,000, a drastic reduction from the $1,316,841,518 appropriated for the current fiscal year. Opposition of the farm groups to this reduction was strong but in considering the 1941 Agriculture Department Appro¬ priation Bill, whicu contained a major porition but not all of the agricultural appropriations, the House Appropriations Committee cut the total of $788,929,519 requested through the Bureau of the Budget to $634,399,256. The House Committee slashed $72,678,812 from the surplus com¬ modity disposal item, which includes the food stamp plan; $47,975,000 from the appropriation to carry out the terms of the 1937 Sugar Act and $25,000,000 from the appro¬ priation for farm tenant loans. Despite a press conference declaration by the President on Feb. 2 that the reduction was "terrific," the House in passing the Agricultural bill on the same day sustained the action of its Appropriations Committee and sent to the Senate a bill carrying total appropriations of $722,000,000, or $66,900,000 below the "bedrock" estimates in the President's budget message. This figure included an item of about $100,000,000 not when the farm bloc Navy Expansion Congres¬ sional committees in January was the $1,300,000,000 auth¬ orization bill for a 25% tonnage increase in the Navy. Vinson, Board Security mean Chairman 1938, by because of lack of efficient administration of that States Approval of the bill, the President longer would be compelled to maintain no but could violate these standards with impunity and still get their money." Completion of Congressional action on Jan. 8 on a measure providing for the protection of witnesses appearing before Congressional investigations at proceedings before Government executive agencies. on agreements The President Jan. 13. on between the Jan. 15 of a resolution authorizing compacts States bordering on the Atlantic Ocean with respect to fishing in the territorial waters and bays and inlets of the AtlanticOcean on which such States border. 1 -- -Passage by fhe Hbuse on Jan. llporth^aiid-lyirching' mil. Passage by the House on Jan. 23 by a vote : of 344 to 21 of a the Dies Committee. lution providing Subsequently, (Jan. 24) the House approved $75,000 for the new . 1 ~ . resolution continuing the investigation of un-American activities for another year by a reso-^ inquiry. President Roosevelt Urges Congress to Study Credits to Finland Aside from the question of national defense appropriations, important question before Congress last month which grew out of the wars in Europe was the question of extending aid to Finland in her defensive war against Russia. President Roosevelt, in identical letters to VicePresident Garner and Speaker of the House Bankhead on Jan. 16, urged Congress to study the question of extending further credits to Finland "to finance the purchase of agricul¬ tural surpluses and manufactured products, not including implements of war." While not mentioning any amount, the President said that "the most reasonable approach would be action by Congress authorizing an increase in the revolving credit fund of the Export-Import Bank and authorizing the Reconstruction Finance Corporation to purchase loans and securities from the Export-Import Bank." The only action taken by Congress on the proposal, however, was approval by the Senate Banking and Currency Committee on Jan. 24 of a bill revised by Senator Brown increasing the revolving credit fund of the Export-Import Bank by $100,000,000. Although no mention of loans to Finland is made in the bill, that Nation could obtain an additional credit of $20,000,000 inasmuch as the bill imposes a limit of $30,000,000 on loans for non-military purposes to any one borrower. the only other Appointment by President of Frank Murphy Justice of U. S. Supreme In addition as Associate Court of decisions involving variour of decisions upholding the exercise of broad powers by the National Labor Relations Board, the United States Supreme Court developments last month were marked by the appointment of Attorney General Frank Murphy by the President on Jan. 4 to the vacancy on the Bench caused by the death of Justice Pierce Butler. Mr. Murphy's appointment, which gave the New Deal a majority on the Court, was confirmed by the Senate on Jan. 16 without a record vote. At the same time the President's appointment of Solicitor General Jackson to be the new Attorney General was also approved by the Senate. Mr. Murphy was sworn in as an Associate Justice of the Supreme Court on Jan. 18 in a ceremony held in the White House, in the presence of President Roosevelt and Government officials, and at the same time Mr. Jackson took the oath as Attorney General. On Feb. 5 when Mr. Murphy began his service as a Supreme Court Justice, he took an oath in open Court, given by Charles E. Cropley, the Clerk, to administer justice im¬ partially. Members of the U. S. Supreme Court Bar and officers of the Court paid tribute to the late Associate to questions and a number a group Justice Butler at memorial services held on Jan. 27 in the Supreme Court Chamber. Justice Butler died Nov. 16 after serving for nearly 17 years on the High Court. A program commemorating the first meeting of the U. S. Supreme Court, 150 years ago, was held in the Supreme Court Chamber on Feb. 1, at which time Chief Justice Charles Evans Hughes was the chief speaker. President Roosevelt Principles at Urges Democratic Party to Jackson Day Dinner in Cling to New Deal Washington—Views on Third Term by Some Speakers The Democratic Party must adhere to New Deal policies if it is to emerge victorious in the 1940 elections, President Roosevelt said on Jan. 8 in a speech at a Jackson Day dinner automatic under existing law. Representative Social the standards set up by the Congress, included in the Committee's recommendation because it is A bill which received extended consideration in Jan. 24 to over-ride President Roosevelt's veto that State's old-age assistance program. tax Agricultural Department Appropriation Bill by on bill to reimburse Ohio for $1,338,000, withheld in October, said, "would or Sponsored a the Appropriation Measures Bill Providing Appropriation for important action by Congress last month included: Passage by the House the Treasury-Post Office Department supply bill. Jan. 31 that it would reduce the $1,300,- originally Other or Next to feel the effects of the House's economy movement was on contemplated by about $645,000,000. This would be the largest reduction so far made in an appro¬ priation bill by any Congressional committee in the present economy drive and also the largest cut in any proposed naval appropriation since the beginning of the present expansion program in 1933. In making its cut the Committee provided a two-year program instead of the five-year pro¬ gram requested by the Navy. 000,000 signed this bill Office Department Supply Bill and Defense was committee. mittee announced ment agencies might cost the country more in the future than is being saved by that economizing now. At the conclusion of its hearings on the bill on Jan. 26 the Senate Appropriations subcommittee Vinson's of the in Washington attended by several hundred Democrats, who paid $100 a plate for the privilege. The net proceeds of this dinner, and of many others throughout the country, will go to the funds of the Democratic National Committee, which " 3 MONTHLY BEVIEW Feb., 1940] hoped that the receipts would United States Supreme than wipe out their more President whether or did Roosevelt not he would not run for The most important of the tax questions settled in the Supreme Court last month was that involving the 2% sales tax imposed by the City of New York. In five-to-three decisions in three similar cases, the court held on Jan. 29 mention the possibility o: third term, but his candi¬ a dacy was urged at other Jackson Day dinners by Secretary of Agriculture Wallace and Attorney General Jackson. The President's only remark which might have been con¬ strued as bearing on a third-term candidacy came when he said "there is really a lot of fun in this job" of being Presides of the United States, providing one does not worry too much. He defended the achievements of his Administration which, he declared, must not be "chipped away." He said that the American people recognize that the world outside the West¬ ern Hemisphere is "in bad shape," and that the United States has made "great gains" in economic prosperity and in the security of individual.citizens. In the this connection he added: that which to build further gains. job. It Behind us check President Roosevelt Finds No Permanent Solution delivered in Democracy, a on the counter of a store or through contracts over The New York 2% tax New York through its sales offices in that in that State makers Democ¬ approved taxes in to of case Another under as irrevocable the prior day (Jan* 29) were: Federal designed to revert to their doctrine the applicability of general a funds trust death of the beneficiary. holding that the value of property "appointed" to an inheritor will should he included in a gross estate for the purposes of regardless of the place of domicile of the decedent. Another upholding the constitutionality of a Kentucky State statute taxing bank deposits of its citizens in out-of-State banks at a higher a Federal taxation, Children that permanent solution of the Nation's social and economic ills is "not mere handouts from the Federal Treasury" but rate than those held in Kentucky banks. Supreme Court also on Jan. 29 unanimously ruled that the courts The has to be solved have poorer munications Commission. by increasing the average incomes in the sections of the country and an insistence on adequate taxation in accordance, with ability to pay. TheJPresident. said that the Conference's program of planning for chilc^ welfare over the next 10 years should be the concern of all citizens. The Conference was opened in Washington on Jan. 18 by Secretary of Labor Perkins, who was Chairman, and right to supervise the administrative actions of the Federal Com¬ no —--In a^ux reversal ' ' of in use 15) (Jan. the appeal of the City of New York seeking of the State Supreme Court invali¬ an decision a dating its 2% sales tax for —— Oie" month d^islun^MHier^Tn court dismissed foreign in session until Jan. 20. was Other city. tax decisions handed down on the same Jan. 19, President Roosevelt declarec on city, whether paid for on the spot or by of the State, and whether they were outside Berwind-White Coal Mining Co., a Pennsylvania corpora¬ tion which mines coal in that State and sells it to consumers Urges Higher Incomes for Poor and Adequate Taxation In addressing the White House Conference ^ the court goods which effect, unemployment relief was upheld by the court in three cases on Jan. 29, chief of which was that affecting the and a In commerce. for of Nation's Ills Children in on interstate involving parties in other States. face the forties. in Federal "Handouts"—At Conference racy sent One we can now in to rest in the came foundation lies accomplished a really big with which 2% levy could be applied to goods moving into ruled that New York could collect the levy on the creation out of the funk of the early thirties of a new spirit was the NevW York These gains must not be chipped away; they must be only a on Court Rulings—New York City Sales Tax and Other Tax Decisions deficit. applied to oil sold in the city as commerce. Supreme Court Decisions Affecting NLRB Roosevelt Sets Up Committee to Supervise Purchase of Materials—Secretary Morgenthau Named Liaison Officer President War The House White announced Roosevelt had established an The most important of the three decisions handed on Jan. 2, in which the court upheld the National down Labor Relations Board, was the decision sustaining the dismissal by the Circuit Court of Appeals for the District of Columbia President interdepartmental committee Jan. 23, that "to represent the United States Government in all matters * of relating to the purchase of military or naval supplies, ma¬ terials and equipment purchased in the United States by the United States Government or by foreign governments." Stephen T. Early, White House Secretary, issued a state¬ ment which said the committee is "charged with the duty of protecting the interests of the United States by preventing conflict with the requirements of this country and its citizens in the American markets." It was revealed that the committee was formally constituted by Mr. Roosevelt on Dec. 6. Secretary of the Treasury Morgenthau will act liaison officer between the President and the committee, which is composed of Capt. Harry E. Collins, Director of as Procurement of the Treasury Department; Major-Gen. Henry Gibbins, Quartermaster-General of the Army; and Rear Admiral Ray Spear, Navy Paymaster-General. President Roosevelt Sends Congress TVA Plan for Recreation Area President Roosevelt transmitted to Congress report of ditional Tennessee the Valley to develop power Jan. 15 a requesting ad¬ in special a port, said that it was an Act creating a great recreation area. accompanying the re¬ "utter fallacy" to assume that the message the TVA Mr. power. More Than $1,500,000 Raised for Infantile Paralysis Fund in brations of President Roosevelt's 58th More Birthday raised throughout the country on Jan. 30 to cele¬ brate the 58th birthday anniversary of President Roosevelt. obtained chiefly from receipts from "birth¬ day balls," which have become an annual observance, and the tile lars was proceeds will go to the campaign for the relief of infan¬ paralysis. In addition, several hundred thousand dol¬ was contributed as of Dimes" conducted a result of collections in the "March throughout the Nation. greeted the various parties that a radio will midnight, in which he expressed the eventually all crippled persons in the country be benefited by the annual drive. a the Roosevelt in Message to Congress\ Urges Legislation to President Roosevelt on Jan. 30 sent a special message to Congress proposing consideration of a program for the con¬ struction of 50 small hospitals in needy rural areas of the country and requesting an appropriation of between $7,500,000 and $10,000,000 for the Public Health Service to the program. The President said he believed the assistance of the Work Projects Administra¬ the cost of building and equipping a 100-bed hospital that with tion would be between $150,000 and $200,000. Stating that "this ambitious project" but "an experiment in the sense that the Nation will gain much experience by undertaking is not such an did sustain of the unions contention after of Board the election an not are that final in case removing the A. F. of L. the ballot in a run-off from election, while in the third decision the court upheld the Board's action in excluding a union from the ballot in an election at the Falk Corp. of Milwaukee on the ground that the union company-dominated. was United States Supreme Court Decides in Favor of Government in Two Tax Decisions The United States Supreme Court handed down decisions favorable to the Government in two tax cases on Jan. 8. it held that Pierre S. du Pont one case was In liable to a tax on $647,711.56 which he sought to deduct in his 1931 return a necessary business expense. The money, it was noted in Associated Press advices from Washington, Jan. 8, was paid to an investment company for stock which Mr. du Pont had to borrow for business purposes. The account from as which In an we quote further said: opinion by Justice Douglas the Supreme Court cited of ordinary business men was "so extraordinary to as a lower court in the lives occur not at all" and in Mr. du Pont's life "but once,". and added: "Congress has not decreed that all necessary Though plainly necessary they cannot be expenses allowed may unless be deducted. than are also ordinary." In another income tax case, a decision by Justice Reed held that sales of by individuals to corporations which.they owned themselves could not Since this case arose, however, Congress in 1934 specifically outlawed this practice by legislation. stock be used to establish losses for tax purposes. The court's ruling was in the case of John Thomas Smith of New York, general counsel of the General Motors Corp., who sought in 1932 to deduct a loss the sale of stock to the Innisfail Corp., which he owned. on The decision said that while title to the securities passed to the corpora¬ tion, "the taxpayer retained in such command is a sale of the control" and there finally to determine income marks the real owner of and its a was "not enough of loss." benefits," the court noted, "which property." United States Circuit Court in Washington Upholds SEC Power to Publish Data of Firms The United States Circuit Court of Appeals for the Dis¬ trict of Columbia on Jan. 2 upheld the discretionary power of the Securities and Exchange Commission to make public profit and loss statements supplied by corporations under its jurisdiction. The following concerning the ruling, given in the case of the American Sumatra Tobacco Corp., is fronr Washington Associated Press advices of Jan. 2: The court, in an opinion written by Chief Justice D. Lawrence Groner,. declared that "the obvious purpose and intent of the (Securities) Act is a full and complete disclosure of each registrant's financial condition, includ¬ that least." wrecking Coast. Pacific the can be reviewed by the courts. In the second (affecting employees of the Consumers Power Co. in Michigan) the court upheld the action of the Board NLRB project," Mr. Roosevelt concluded by saying "at the very least it will save lives and improve health in those parts of the Nation which need this most and can afford it a along employed the question of the Board's power to on orders which substance Provide for New Hospitals in Needy Rural Areas inaugurate ruling one union as bargaining agent for the employees large number of employers scattered over distant areas* court "It President longshoremen not certifications Mr. Roosevelt held in his honor by broadcast at that hope were designation of a Congress of Industrial as the bargaining representative of finding that the transaction than $1,500,000 was estimated to have been inoney union designate of Cele¬ at festivals held The 13,000 While Authority surrounding the TVA was primarily the development of Roosevelt added that power develop¬ ment was only a part "of a great social and economic ex¬ periment in one of our major watersheds" and listed other objectives underlying the plan. electric Organizations the area project in six Southern States into The President, on petition by the American Federation of Labor to have a set aside the NLRB ing a The true statement of its profits and losses from time to time." opinion explained, however, that the Commission held the view public knowledge of the items in controversy" would result in "if a corporation's business "disclosure should not be required." r "We the court said, view," this with accord in are giving "and think it we For unquestionably Congress, in correctly reflects the spirit of the Act. registrant the right to file objection to publication and in authoriz¬ a ing the Commission to grant or refuse the request in the exercise of a sound the duty of considering the danger of loss and damage and weighing it in the scale of public him claimed interest." Charles Court Rejects A. & P. Petition for Review of Ruling Against Alleged Violations of United The Robinson-Patman Act Supreme Court, among a number of States refused a petition of the a review of a ruling sustaining a Federal Trade Commission order requiring the company to cease alleged violations of the Robinson-Patman Act, prohibiting payments of allowances to buyers or sellers except for actual services rendered, and making it illegal for anyone to be a party to a purchase discriminating against the competitors of the purchaser. Following the filing of a second request for a rehearing the Supreme Court on Jan. 29 decisions handed down on Jan. 2, Co. for Great Atlantic & Pacific Tea again denied the petition. by the Appointed by President Roosevelt as Secretary Edison of Compton Named Assistant Secretary Navy—Lewis appointed Charles Edison Mr. Edison, son of the noted inventor, the late Thomas A. Edison, had been Acting Sec¬ retary since the death last July of Secretary ClAude A. Swanson, and prior to that had been Assistant Secretary following his appointment to that post in November, 1936. Mr. Edison took the oath of office as Secretary on Jan. 2. The nomination of Mr. Edison was sent to the Senate for confirmation on Jan. 4, where it was approved on Jan. 11. On Jan. 25 President Roosevelt sent to the Senate the nomination of Lewis Compton of New Jersey to be Assistant Secretary of the Navy. Since 1936 Mr. Compton had served as Special Assistant to Secretary Charles Edison when Mr. Edison was Assistant Secretary of the Navy. President Roosevelt on Dec. 30 Secretary of the Navy. as United States Supreme of the Board upon confirmation Chairman as Senate. judicial discretion, imposed on the Commission . 1 MONTHLY REVIEW 4 D. Under Secretary of Treasury—J. L. W. Bell Becomes Sullivan Is New Assistant Secretary United States Court at Chicago Reverses NLRB Decision Jan. 9 an order of the National Labor Relations Board calling upon the Inland Steel Co. to sign a written contract with the Steel Workers' Organizing Com¬ In setting aside on mittee, an affiliate of the Congress of Industrial Organiza¬ tions, the United States Court of Appeals at Chicago ruled that the National Labor Relations Act does not require that agreements .of this nature be reduced to writing. Judge J. Earl Major, who wrote the unanimous decision,- stated that "this case illustrates the danger of placing in a single the multiple duties of prosecutor, judge and execu¬ agency rehearing. • United In advices Press Chicago Jan. on union was indicated as saying that there was no standards into U. trial examiner of the Board two years ago. a of Appeals Court Circuit S. 0. I. hearing The decision, it is said, was based on a four-month before NLRB Sustains Requiring Order Republic Steel Corp. to Pay Back Wages Incident to Strike delphia Jan. 2 approved on and of Appeals signed in . Phila¬ decree by the a Board for the payment of back Labor Relations National Court Circuit States United The between 5,000 and 6,000 employees of the Republic Steel Corp. Some Wages were ordered paid for as far back wages to Although the decree did not stipulate the 1938. Oct. 18, as number of workers or the total amount of back pay, it was estimated for 5,000 workers the total that would approximate $7,500,000. Court Upholds . Employer's wages involved 1 Right to Number Determine of His Employees in Ruling Setting Aside NLRB Order Against Steel Labor National Board does not have the Relations right to tell an employer how many employees he must hire, the United States Circuit Court of Appeals in Philadelphia ruled in a two-to-one decision Jan. 22, in a case involving Drawn Steel Co., order of the Board against the Union an Beaver Falls, Pa., a subsidiary of Board ordered had claimed of reinstatement the the dismissal In workers. Federal Court at San decision house workers this same on the union the court the company Upholds NLRB Rules Agricultural Labor National a the Wagner Act; Francisco "Chronicle" of under provisions of come the in San Jan. 13, which further said: In sustaining a Board order for reinstatement of California workers, "When the factory for Judge product of a of Southern said: such and enters a group Stephens, writing the court's decision, the soil leaves marketing processing and industry.'' The the farmer it has as entered upon the status of „ decision was in the case of the North Whittier Heights Citrus Asso¬ ciation, charged by the Board with violation of the Wagner Act. The Association contended before the court that its Board were Roosevelt of Reappoints Marriner S. Governors of Federal Reserve Eccles System as for Member of Four-Year Period—C. C. Davis Named to 14-Year Term President Roosevelt on Feb. 1 renominated Marriner Interior; the Senate confirmed the nomination Jan. 16. Wirtz was named to succeed Harry J. Slattery, who has the Electrification Rural Mr. Administrator. Wirtz was President submitted The the nomination to the Senate on 4. Jan. Francis Biddle Sworn in as Solicitor General Judge Francis Biddle of the Third Circuit Court of Ap¬ peals was sworn in as Solicitor General on Jan. 22. The oath was administered by Supreme Court Justice Felix Frankfurter in the office of the new Attorney General Mr. Biddle succeeds. The Presi¬ of Mr. Biddle to the Senate on The Senate confirmed the nomination on Jan. 16. Robert H. Jackson, whom dent Jan. 4. the nomination sent President Praises Roosevelt Accepts Resignation J. E. Davies of Belgian for Service in Europe— Envoy and Welcomes Him to New Post in State Department In made letter a Jan. public President Roosevelt 23, formally accepted the resignation of Joseph E. Davies Ambassador to Belgium and Minister to Luxemburg as to permit him to become a special assistant to Secretary of State Hull. Mr. Davies had offered his resignation orally, (effective Jan. 16), and confirmed this in a letter to the 15. He has already assumed his new Governors of the Federal Reserve System and duties at the State Department as an adviser on war emer¬ problems and policies. In accepting the resignation, the President praised Mr. Davies for his work in Brussels and Luxemburg and also at his previous post in Moscow. gency H. James Cromwell Assumes Post R. as New American Minister to James H. R. Cromwell, the Minister to reap¬ Canada,- presented press conference at the United States Legation. Mr. well arrived in Ottawa on Jan. 23 and was greeted by Mackenzie Minister was John sent Cudahy to Jan. 11. Ambassador to Belgium, Presents King Leopold—Delivers Message from President New Credentials Prime The nomination of Mr. Crom¬ Senate by President Roosevelt on the to Crom¬ King. The Senate confirmed the nomination on Jan. 4. American Roosevelt ; United States Ambassador to Belgium, assumed his post on Jan. 17 after having been directed on Jan. 15 to proceed immediately to Brussels from his post in Dublin as Minister to Ireland. He was received by Foreign John Cudahy, new then presented his creden¬ It is reix>rted that Mr. Cudahy delivered a message from President Roosevelt to the King but the nature of the message was not disclosed. .The Henri Spaak and Minister Paul tials to Leopold. King Embassy Brussels at has been under a charge 3, when Ambassador Joseph E. Davies sailed for the United States. Mr. Cudahy was named to his d'affaires since Dec. new post by confirmed President Roosevelt on the nomination New S. Eccles for another four-year term as a member of the Board of of the TFepartment of Austin, Tex., as Under-Secretary American employees agricultural workers and consequently not subject to provisions of the Act. President Jan._2 appointed Alvin J. Wirtz ,Piesident _RaQseyel.t ^pn„ of well Workers Are Subject to Wagner Act sustaining reported was ~ newly-appointed United States his credentials to Lord Tweedsmuir, Governor General of Canada, at Ottawa on Jan. 24. After exchanging mutual felicitations with the Governor General, Mr. Cromwell paid formal calls on the other members of the Ottawa diplomatic corps and held a Relations Board ruling, the United States Circuit Court of Appeals at San Francisco on Jan. 12 held that agricultural packing a Under-Secretary of the Canada case based was the the Francisco Packing House In .as Interior em¬ dismissed a Board's order that withdraw recognition of two plant unions. upheld unanimously . the that of activities resigned. Wirtz The Republic Steel Corp. ployee over the company's contention that the plant staff had been reduced generally because of economic conditions and that the tasks had been absorbed by others; the union had J. Names A. Roosevelt President dated Jan. Company The President general counsel of the Lower Colorado River Authority and was a member of the Texas Senate from 1922 to 1930. complaint the C. contract with written a Sullivan were sent Mr. Bell succeeds John W. Hanes, become unfair in its wages, hours or working conditions. The union's complaint was upon the point that the company refused to put its labor tary Morgenthau. the 9 the company refused to bargain or was that Sullivan became Assistant presided over by Secre¬ The nominations of Mr. Bell and Mr. to the Senate by the President on Jan. 4. The installations were Secretary. Mr. • from installed as Under Secretary of the was Treasury on Jan. 17 and John L. for the Labor Board The case was remanded to tioner." Bell Daniel W. Contract Is Not Required Written Steel Co. Pact—Holds Inland on Jan. Jan. 4. The Senate 11. York Coal Drivers' Strike Settled Ratification by the union on truck drivers members of coal dealers' groups and Jan. 21 of Mayor La Guardia's pro¬ on pointed Chester C. Davis, whose term was to expire in 1944, Governor for a full 14-year term. Mr. Eccles was named for the unexpired term of Mr. Davis, who resigned and was posal for a 75c. per day wage increase brought to a close the combined strike and lockout which started on Jan. 17. reappointed to a new 14-year term which Mr. Eccles unwilling to accept because of his desire to return to yards, which normally would have been delivered. Both committees approved the proposal of the mayor that In a letter to Mr. Eccles explaining his redesignate contract, identical in all other respects with the agreement a then was private banking. action, the President said it was his intention to This four-day tie-up held wages about 250,000 tons of coal in the be increased from $8.00 to $8.75 per day. The new to have an demand alone driver, or in Six Picketing 25 Jan. night, over a union called The Union. a strike in an spent between $200,000 and $300,000 to carry on the strike. joint union-hotel announcement said: "The strike has been settled to everyone's satisfaction. Picketing has A ceased." Shipping Tie-Up Ends which lasted 54 days, in the port of San Francisco, Calif., ended Jan. 3 when ship clerks officially called off their strike and returned to work. The Congress of Industrial Organizations ship clerks re¬ turned to work under a truce, leaving principal issues of the strike open for negotiation and study. Thousands of longshoremen and other dock workers, who were shut off from jobs when the cargo checkers struck on Nov. 10, re¬ The tie-up of shipping, turned to work. of Difficulties various sorts were — —• as .. 1940, sharp political attack, however, and the debate on the matter unquestionably has some wholesome aspects, although a strictly partisan view of the tariff question has unfortunate legislation requires renewal in this election year of the program is to remain effective. It is under if The European conflict naturally has effectiveness of some important modified the treaty arrangements negoti¬ Mr. Hull, and the simple disappearance of countries Czechoslovakia brings still other problems to bear. ated by like Most significant of all, perhaps, was a collapse early in January of the negotiations with the Argentine and Uru¬ for fresh reciprocal tariff accords. A joint statement by the United States and Argentine Gov¬ ernments, issued on Jan. 8, confirmed rumors that the efforts had been abandoned, and the document also threw some interesting light on the course of the discussions. It was admitted, immediately thereafter, that the treaty nego¬ tiations with Uruguay also had been discontinued. Strangely enough, the collapse of the United States-Argen¬ tine negotiations resulted in part from the insistence by the United States Government upon quotas for the importa¬ tion of Argentine linseed, canned beef and other products Governments guayan of like nature. a No one has thundered louder and longer of import control than Secretary Hull, but it appeared that he was willing to try even such expedients in order to win an accord with Argentina that would not offendhour own agricultural producers too greatly in an election year. But Argentina, quite understandably, against quota systems found the United States concessions too meager as a return for the concessions of that country. The trade Uruguay were said to have col¬ lapsed on the same general grounds, which come down in the end to the similarity in many respects of the export required negotiations with treaty trade of the two Latin American countries and the United States. Washington statements made it clear, however, that all negotiations were conducted in a most friendly and cordial The atmosphere. joint statement by the Argentine and United States Governments made it clear that general for the defense of texts as "peace a welfare bloc," since this label covers "every right- thinking man, woman and child within it." The President scoffed at any fears that American youths will be sent to the battlefields of Europe. He indicated, however, that the January in the continuance and enlargement of the tariff policy pursued by Secretary of State Cordell Hull through his numerous reciprocal trade agreements. The enabling angles. chiefly events and domestic tranquility." As in previous comments on the war developments, Mr. Roosevelt insisted that there is no such a thing in the United States "our during encountered The appropriateness these utilized ! Reciprocal Trade'Agreements | requirements with which country London is policy problems in general, on Jan. 3, when he delivered his annual message to Congress on the State of the Union. Although much of the speech vwas concerned with world affairs and the effects of the European war, the President . San Francisco Turkey, diplomatic and trade of American objections to the British course of procedure seems open to question, since the London Government is purchasing in the United States vast amounts of airplanes and similar materials. The RussoFinnish conflict and the obvious desire of American citi¬ zens to aid Finland, in any reasonable manner, also added to the neutrality problems of the United States Government. President Roosevelt discussed neutrality and foreign effort to obtain a $28 a month increase for workers in the hotel. It is estimated that the union Jaunary, 1934, in from met relations. constantly, day and period of nearly six years by Local 134 of the having been carried on Workers Electrical be endeavoring to enter into ever closer ceased Beach Hotel Edgewater Chicago's of after will tobacco will be placed by the of the war, and that British for the duration Hotel Ended Years of Picketing of Chicago British practices of con¬ of aid caused representations, for it appeared that no further orders for American The altogether anxiety and some 75c. a day and $4.50 a week provided in the Mayor's union's plea for additional employment was discarded the tentative settlement. week, against the proposal. developed with respect to trolling sea-borne bommeree that might possibly be to Germany. The British control of imports also hour to $1.20 and seeking to raise wages from $1 an "co-pilot," assigned to every truck. The wage would have entailed an increase of $1.60 a day or $9.60 a extra involvement in cussions Jan. 21, it was stated: The union* had been leading to diplomatic disputes and possibly the European conflicts. Some tart dis¬ vent incidents with the wage York 'Times," that expired Dec. 31, will run for three years, increase retroactive to Jan. 1. In the New to 5 MONTHLY REVIEW Feb., 1940] the United States may well as- a "potent-and- active~factof in' the reestablishment of world peace." In looking ahead, Americans were urged by the 'President to avoid the reputed tendency of the ostrich to bury its head in the sand. More pertinent than any of the comments made in the annual message with respect to foreign affairs was a devel¬ seeking oping tartness in diplomatic exchanges between Washing¬ ton and London, regarding interferences by Great Britain American with Washington to London on the on It was announced in made question of mails, and lists were pub¬ shipping and mails. Jan. 2 that a formal protest had been than 1,700 for examina¬ tion. In the American note it was admitted readily that Great Britain has the right to act with respect to mails destined for the United Kingdom, or normally moving lished at the same time indicating that no less sacks of mail had been seized by Great Britain But the right was denied of British mails on American or other through British hands. interference with neutral vessels at the high seas, and conventions agreed to Hague were cited in support of this view. The tion on American Objec¬ expressed particularly to the British practice of was forcing American ships to call at designated British ports, notwithstanding the illegality of such calls under our neu¬ It appeared, subsequently, that this American trality laws. protest had been sent to London on Dec. 23, 1939, and a received in mid-January and published on Jan. 21. Great Britain rejected the protest against removal and censorship of American mails on the alleged ground that an organized traffic exists in contraband between Ger¬ man sympathizers in the United States and the Reich. The British Ministry of Economic Warfare attempted to justify the seizures by declaring, on Jan. 24, that large sums of money and other contraband had been taken during exami¬ nations of some 25,000 parcel post packages from the Amer¬ icas, in a period of three months. This controversy caused additionally bitter public discussion when, on Jan. 21, it appeared that British authorities even were interfering with the small amount of mail carried on aerial clippers to European neutral countries. The threat was made in Wash¬ ington that Bermuda, where the interference was taking place, would be omitted as a port of call for the clippers. British reply was British detentions of American merchant vessels were the subject of another exchange of communications between Washington and London. The United States Government Washington demand importations of certain products had occa¬ sioned the failure of the discussions. "In effect," the state¬ ment said, "the Argentine Government, on the one hand, protested sharply, in a note published on Jan. 22, against alleged discriminatory treatment of vessels of different has not been able to admit that concessions to be obtained pointed out, were detained during for quotas from the on United: States for their typical regular export products to that country, such as linseed and canned beef, among others, should be restricted through acceptance of a system of customs quotas which would tend to limit the nationalities, especially at Gibraltar. average more delayed correspondingly, and the whole procedure was by the State Department "wholly unwarranted." Secretary Hull was reported on Jan. 22 to have conferred were on Lothian. to the compatible with of the the adoption of commitments considered in¬ an currency. adequate financial policy and of defense On the other hand, the Government of United States, in accordance with its policy as invari¬ ably applied in the 22 agreements already negotiated, of not exposing domestic producers to material injury in the process of promoting healthy international trade through reciprocal concession, has felt obliged to insist on limita¬ tions of the kind referred to above with respect to certain commodities. This divergence between the two governments is recognized by both in the same frank and friendly spirit which has characterized the whole negotiations." • it matters with the British Ambassador, Lord Soon thereafter London and othei$ reports made that Great Britain would reconsider some of the and lighten their effect upon the United States. Neville Chamberlain endeavored to allay Minister the ruffled feelings of the United States and other neutrals, Jan. 31, in a London address which pleaded for understand¬ ing of the British position. that not British measures in resulted the may loss of Mr. Chamberlain pointed out cause inconvenience, but have single neutral ship or the single neutral life, whereas Great Britain's enemy is "callous to the ordinary dictates of humanity." The British spokesman urged neutrals to look at delays sacrifice in of clear Prime Neutrality problems of the United*States tended to multi¬ ply in January, notwithstanding the amended neutrality statute which presumably was designed to mitigate or pre¬ these measures American Neutrality - of four days, whereas American ships were held' the average. Official American mails called to accede Italian ships, it was stated period for an than 12 days on possibility of expanding its shipments of the said products At the same time it has not been possible to that country. a of a a shipping and the dislocation of trade through the eyes a country fighting for its life and for ideals to which the neutrals themselves subscribe. to diminish in These problems appeared importance toward the end of January. * 6 MONTHLY REVIEW Of extraordinary interest were moves in Washington with respect to'the undeclared Itusso-Finnish war which aroused national a debate. Soon after the Russians started their invasion of Finland, President Roosevelt suggested that the intergovernmental debt instalment paid by the small country 011 Dec. 15, 1939, be placed in a special Treasury account pending whatever disposition Congress might want to make of the Finland also received sum. States of credit a in the United Senate and House leaders, 011 Jan, 16, Mr. Roosevelt urged Congress to en¬ large the revolving fund of the Export-Import Bank in accordance with his previous suggestions for such authority. This reference by the President apparently was to his pro¬ $10,000,000. I11 a letter to destroyed at Helgoland, and it was added that most of the had been rescued. Great Britain announced on Jan. 21 men that the mine or 81 of loss Grenville, destroyer 1,485 of 24 it Jan. On men. had struck a North Sea, with a tons, struck by a torpedo in the been further indicated that was destroyer Exmouth. of 1,475 tons, had been given up as lost with her entire crew of approximately 175 men. On the several giant Nazi bombing airplanes raided the Scotland, some of the aircraft occasions Coast of England and East raking trawlers and merchant ships with machine-gun fire, and sinking Misty days usually were few with bombs. a Germans lost compara¬ selected for such activities, and the tively few The war of machines. and men propaganda was earned on with unflagging posal of last summer for lending and spending authoriza¬ $3,860,000,000, which Congress rejected. Mr. Roose¬ intensity, but the actual circumstances of the conflict were velt mentioned that the December debt payment by Finland not entirely had and of gratuitous tions of special Treasury account, and he remarked on the great desire prevalent in the United States to help the small country to "finance the purchase of agri¬ cultural surpluses and manufactured goods, not including implements of war." Prompt and determined opposition to this proposal was evoked, and at the end of January the Congress had taken no action along the lines suggested by been placed the President. nents of the in a The argument was advanced by some oppo¬ suggestion that our neutrality might easily be interest The Secretary for this reason vituperation advice to neutral nations. Of particular the enforced resignation 011 Jan. 5 of the was British outpourings of the by obscured although debate of State for War, Leslie Hore-Belisha. resignation has not yet been made clear, scheduled for a time in order to clarify was Oliver incident, which raised a huge outcry in England. the selected to succeed Mr. Hore-Belisha, and some changes also were made in the British censor's office. The Stanley was that Mr. Hore-Belisha belief of the moment popular was serious difficulties encountered with the British Gen¬ compromised, and it also was stated that "charity begins had at home." Prime Minister Neville Chamberlain had intervened personally to settle the dispute in the man¬ ner indicated. But military and diplomatic experts gen¬ erally hold that this explanation does not suffice. eral American Security Zone • .«<. International the question of the so¬ correspondence on -called- Security Zone the of Americas_ tended, in January, relegate that proposal to the realm "of Tost causes. to nounced Oct. on 3, this Conference Panama the at zone of American An¬ States, proposed an area of 300 miles to sea¬ ward, on the average, in which belligerents were to avoid conflict. The incident of the fight off Montevideo between the German pocket-battleship Admiral Graf Spee and three British cruisers obviously violated the zone, and occasioned Dec. 23, 1939. To this representation the British Government replied on Jan. 16^ and France followed on Jan. 23. The communica¬ by all the American republics protest a tions on alike and they rejected the unilateral declaration Security Zone politely but firmly. The French note obviously was patterned after the British reply, which noted with approval that the Panama declaration itself called for the consent of the belligerents in meeting the stipula¬ tions. Sympathy was expressed with the desire of the American republics to keep the war far from the shores of the Western Hemisphere, but agreement would require cer¬ tain preliminaries, it was pointed out. Among these, the notes said, are assurances that German warships would not were of the thus ibe accorded could a vast sanctuary from which they might and attack Allied shipping, or through which they emerge and pass earn foreign problem The exchange. of German ships now tied up in ports of the Americas was mentioned, and the policing of the vast area also was dis¬ cussed. The tendency at Washington, where the proposal is believed to have originated, was to forget the whole mat¬ on this problem of ter, after the British and French views international law and relations were aired. Western Warfare between the Anglo-French Allies and Nazi Ger¬ continued for its fifth month, in January, with position completely unchanged on the Western Front, and all activities of genuine significance confined to aerial conflicts. Bitterly weather and cold occasional snowstorms apparently of fighting men on only in the added to the troubles of the millions the Franco-German border, who fought ventured out and that artillery engagements took place. When the weather ameliorated, to a degree, some aerial "dog-fights" occurred over the Maginot and Limes lines. Airplane scouts pene¬ trated deep into the respective enemy territories and took photographs. But there were no major military moves. The fear again flared for a while, in mid-January, that German troops will be sent marching against Holland or Belgium, in an attempt to outflank the opposing forces across Franco-German the produced scouting parties that sense But border. mitted, even likelihood this "war-scare" actual developments, despite extensive mobiliza¬ no tion of Netherlands and Belgian troops. of neighboring in London and a German offensive neutrals, at Paris, least It finally was ad¬ that there is no real France or the against until spring thaws clear Aerial this was and sea warfare continued throughout January, modified only when weather conditions made even sort Allied and of fighting difficult. Submarine sinkings of neutral ships were reported almost daily, but scale that would hardly exhaust the carrying capacity on a in any Allies. manner German suggestive of a dangerous threat to the magnetic mines accounted for' a number of merchant ships, and possibly also for some naval vessels. The a London Government makes known whereas the Nazis neglect to do so. its naval Year's New and in progress in Europe. now Hitler, issued the German soldiers Chancellor Adolf to message I11 people. war leader, encourage surprise speech on Jan. 30 Herr Hitler seventh year of dicta¬ a commemorated the completion of his He insisted, as on so many previous torship in the Reich. occasions, have-not since they want it. war, inclusion the have and will have Unusual in the address was only that the conflict is a war between nations, and declared that the Allies France of Hitler's Herr in declaration of enmity, the French Government having been treated ten¬ derly in previous utterances. The address, in other respects, little had importance and plainly intended for home was consumption. the Allied side On Premier in soldiers that New a Allies the a number of declarations Daladier Edouard made. were people and French greeted the Year's Day proclamation which asserted to banish force from M. Daladier returned to this theme of Jan. 29, that Nazi Germany not only aims to con¬ quer, but also to destroy the political and economic exist¬ ence, the history and the culture, of peoples brought under its subjection. Prime Minister Chamberlain spoke in Lon¬ don on several occasions, and First Lord of the Admiralty fighting merely are Europe. when stated he Churchill also delivered himself of addresses Winston It and then. of some was the made impressions Jan. on the Churchill, whose the Allied side appar¬ The Prime Minister de¬ Britain Great that of "annihilation" 9 Mr. by anxieties to involve neutral nations on now for Mr. Chamberlain to correct necessary does not aim at the German people, but he warned the Reich populace that prolongation of the conflict is their responsibility, as well as that of the tyrants who rule them. BotlUBi'itish and French spokesmen touched on the RussoFinnish tended each in war a manner Finland, but there conflict in its indicate that aid to was separate will be ex¬ apparently a desire to keep realm and prevent the fire from spreading needlessly. Neutral nations were confronted, invitation First from Churchill to Lord the conflict. join make common of on the Jan. 20, by an open Admiralty Winston He urged the neutrals to against "aggression and wrong." This invitation was declined sharply and without thanks by all the smaller neutrals in the war area, and London official cause circles thereafter suggested that the address by Mr. Church¬ ill represented merely his tute a policy returned to of his that the Allies own British the views and did not Government. speech-making soon on Jan. consti¬ Mr. Churchill 27 and predicted will wrest the initiative from the Reich. Hecklers interrupted Mr. Churchill on this occasion. Prime Minister Chamberlain made a further address on Jan. 31, in which he endeavored intentions. to allay neutral anxieties as to The British struggle, according to the Prime Minister, is being waged not only on Great Britain's behalf, but also in the defense of other nations against Nazi aggression. But it is for the neutrals to decide, he admitted, whether they shall enter the war or remain aloof. Whatever their decisions, the neutrals should remember, Mr. Chamberlain added, that British maneuvers may cause inconvenience but have not resulted in losses of neutral lives or ships. Russo-Finnish losses, Possibly for this rea¬ son, the British losses again seemed to be relatively heavy in January. The British Admiralty announced, on Jan. 16, that three British submarines had been lost while engaged in peculiarly hazardous service. The vessels, all of small types, were the Seahorse, Undine and Starfish. Two of these ships were announced by the Germans as having been Nazi -made-in---profusion-by"alLthe were major the in German The British the way. and statements contestants clared the sea —Bellicose ently embarrassed Mr. Chamberlain. Europe many was and Staff, and that War In the most bitterly cold weather experienced in northern Europe in tinued Nov. in 30, some 60 years, Russian and Finnish troops con¬ January when the the epic struggle Kremlin began its which began unprovoked last attack against the people of the small country. With great per¬ sistence, Russian forces were sent against the defenses of the Mannerheim line, on the Karelian isthmus, and west- w ward against the natural barriers the determination dogged every attempt of the The battlefront appeared defeated and invaders to overwhelm the land.. to shift of Finland's "waist" and But the Finns resisted with northerly sections. more Reports indicated, at rapidly throughout January. times, that the heaviest Russian attacks were being directed against the Mannerheim fortifications, while at other times the invaders were beaten back from their advanced positions Arctic Circle. Most of the reports of the fighting emanated from Helsinki, which may account in part for the repeated statements of Fin¬ nish successes. The fact remains, however, that Russian forces still were battling desperately at the end of two months to make an impression upon the defenses of little Finland. In itself, this constitutes one of the major devel¬ opments of the European scene, as it suggests a vast over¬ rating of Russian strength. As the war continued and the Finns made good their amazing defense, European diplo¬ matic alignments began to shift, with Russia a much less important factor than before the attack on Finland took place. There are, on the other hand, a number of disturbing aspects to the Russo-Finnish war, such as the enormous disparity in population and military strength. These fac¬ tors occasion misgivings as to the outcome of the conflict. The Russian air force remained in almost complete control of the air during January and rained bombs almost at will upon scores of Finnish cities and towns. The destruction of buildings, homes and hospitals was far greater than any loss of life, but it would seem that the Finns suffered -additienallyr especially in view of the .fearful cold, ami heavy snow.. The Finns managed t'o send a few airplanes at times against Russian naval or aerial bases, but they lacked the equipment for extensive maneuvers of this sort. Aid reached the country in various forms, including enlist¬ Some Swedish, Norwegian and other volunteers. airplanes were sent to Finland, it was intimated, by British and French authorities. Really adequate assistance is an¬ other matter, Government was reported on Jan. 29 to have The German made representations at" the Vatican against radio formal charges of German persecution of priests and the occupied region. Church sources also indi¬ cated that conditions are better in Russian-occupied Poland other and civilians in German-occupied region, although disturbances in the than were common. European Neutrals Neutral countries of Europe found north of Lake Ladoga, or near the ments of 7 MONTHLY EEYIEW Feb., 1940] their difficulties multi¬ plied in January as a consequence of the Russian invasion of Finland and the economic nature of the great war be¬ Germany and the Anglo-French Allies. Scandinavia what aid it could to Finland, without incurring tween extended too immediately the risk of involvement. conjecture, There was much possible aims of the regarding nevertheless, Soviet to establish bases on the Atlantic as part of the terri¬ torial expansionism which took such vigorous strides in Moscow when Germany invaded Poland. To the south¬ ward, in the Balkan States, the tug-of-war was heavy and continuous. Germany exerted tremendous pressure for large oil, grain and other supplies from Rumania, and also endeavored to increase the business of the Reich with other countries on wells largely in the hands of British and other foreign are the Balkan companies, which objected to and But the Rumanian oil peninsula. of the oil for the Reich, use representations are understood to have been made by the British Foreign Office. There were indications that some London tried to which buy up in .the Balkans some of the supplies would go to the Reich, and the German otherwise Government endeavored to counter such pressure by_ any_ in-dannary 'ltWvas'Teiwfted that" German troops had arrived on the former Polish-Rumanian hand;--—Hate at, means border, ostensibly to patrol the rail link through controlled (Poland. Russian- The Balkan countries pursued through¬ policy designed to keep them out of the conflict, and none was drawn in in January. Holland and Belgium ex¬ perienced war scares in mid-January but were not invaded by either belligerent. out a and one on which the Finns apparently will Far East • be able to rely in not matter of weeks. There was end¬ less debate in Washington on the question of loans to Fin¬ a congressional committees were not inclined to It would appear that the Finnish defense land, but hasty action. capacity is being strained, and no doubt was left of the desire of that small country for peace. President Kyosti Kallio appealed to Russia on Feb. 1 for an "honorable that the "barbaric, senseless attack" might end. No notice was taken of this appeal by the Kremlin, which sent ever greater masses of Red troops into the fray. peace" so Information late Poland. in 'of authoritative nature an was January as to conditions in Although the reports may made avail¬ German-occupied be somewhat distorted by propagandists tendencies, there is no reason to doubt their essential accuracy, even though they indicate a cal¬ lous disregard for the Polish population which war-time pressure who taries information hardly seems to justify. formerly were available cerned the heavy stationed in Much Rome. at the worst Catholic digni¬ Poland made of data the the con¬ punishments and occasional deaths visited the priests who ministered to the stricken population, expropriations of Church lands and edifices. Also clearly indicated in these documents were practices by upon and the endless German Nazi conquerors of the the country which appear to reflect an intention to sweep almost all Poles out of the areas which the Nazis intend to incorporate in their Reich. From such municipalities Poznan as the native Polish the area around Warsaw in sealed terribly overcrowded, from which the survivors emerged enfeebled, leaving many dead behind. "The popu¬ lation is being torn from the countryside," according to a statement made Jan. 29 by August Cardinal Hlond. "Only people trains, a sent were to part of the agricultural workers and skilled laborers left behind, because they are needed. are The old and infirm left, too, as not worth bothering about." The state¬ ment by the venerable Church dignitary was too detailed are voluminous and exercised in its The incident to admit of questioning as to the care Nazi declarations that the Polish population of some parts of the country would, in¬ deed, be transferred to what even the Nazis must admit is purely from Polish the territory. German populations repatriated Baltic States apparently are to be settled in the formerly Polish areas contiguous to the Reich, and the new German Province already has been named West Prussia. The indicated boundary, according to some reports, follows closely that of the German Reich in the days before the World War adjustments. Berlin dispatches confirmed that some high-ranking dignitaries of the Church had been shot for "political activity." The Nazis admitted that they are taking a "firm stand," and it was alleged that some of the the United became Japanese in their domiciles and incited the population to resist¬ against the conquerors. A denial was made, however, of the charges that Catholics are being persecuted or the ance shut. American press correspondents in Berlin declared that they had attempted time and again, without success, to obtain permissioh for visits to conquered Poland, churches it thus appears that the statements issued at Rome provide the first authoritative glimpse into conditions there. more trade on • Jan. 26 of the United States- which regulated treaty of the two countries •; ;/ States is concerned, affairs of the troublesome and disconcerting in January, owing to lapse since 1911. business relations Notification of the treaty lapse was provided by the United States Government last July 26, apparently in the belief that the measure might influence Japan take a more reasonable attitude with It became fairly clear, however, that the to respect to China. Japanese are them not likely in any to way permit United the States td whatever, unless it be toward The American treaty denuncia¬ bitter and lasting enmity. tion accords with President Roosevelt's statement of early 1939 that in the field of foreign policy he favors "measures of short but stronger and war, effective more than mere words." The danger began to be recognized in January by commentators on international affairs that pressure most of the sort exemplified by the step taken with respect to Japan constitutes a long stride on the road to war. The actual conflict being waged by Japan against China did not vary from previous weeks and months. The invaders merely continued their endeavors to occupy and control the vast of China taken in the area There the however, were, general sphere of course of their military advance. repercussions of international various relations. sorts in Japanese authorities purchased in the United States, in the weeks before the treaty expired, vast amounts of gasoline, copper and other basic war materials. They endeavored also to allay what they thought were the reasons for the American apprehensions that led to the treaty denunciation. Tenta¬ tive offers were made for the reopening Yangtze to traffic of other countries. that this made faintest no of When impression the lower it appeared the United upon States the Japanese Cabinet headed by Premier Nobuyuki Abe found it necessary to resign on Jan. 14. A new regime quickly chose was formed Hachiro declaration, on legitimate by Premier Admiral as Arita his Mitsumasa Foreign Yonai, Minister. In who policy Yonai 1 that and Foreign Minister Arita Japan does not aim to destroy "the rights and interests Feb. of the United States and other Third Powers in China." But such assurances have been extended endlessly ever since the Japanese occupation of China was initiated in 1931, and experiences chukuo suggest in Man- that they mean nothing whatever. It is apparently realized in Japan that the United States might strike a severe blow at the Island Empire, and inquiries were made by the Japanese Ambassador at the State De¬ partment as to trade relations after expiration of the trade treaty. Such relations will -continue, it was indicated, on the former basis, but entirely on a day-to-day foundation. Japan made efforts to settle its border disputes with Rus¬ sia, but did not succeed. priests subjected to persecution and execution harbored arms and East stated preparation. recalled German Far as influence Poland able So far Steel Hie steel nounced Trade—Non-Ferrous Metals trade further lower prices curtailed its operations and an¬ for steel scrap metal. Non-ferrous metals show marked weakness. The "Iron Age" in its issue of Jan. 25 stated, in part: "Current sustained by backlog production is largely tonnage carried over from the fourth quarter, but this is rapidly diminishing. In some products, notably plates and shapes, it has declined to the point that prompt shipments are available from a good many MONTHLY REVIEW 8 deliveries continue to shorten four weeks. While there has been a seasonal slowing down in consumption of steel by some industries, including the fabrication of struc¬ tural steel, the automobile industry, barrel and drtum manu¬ facturers, and tin can manufacturers, there is, on the other hand, steady use by the railroads and railroad equipment builders, the farm implement and tractor industries, ship¬ builders and miscellaneous manufacturers. Automobile On mills. other products and in most cases do not exceed three or parts makers are curtailing production in anticipation of a reduced volume of assemblies, but the automobile companies indications that they will be in the market in February in preparation for spring manufacturing activity. Railroad buying programs for 1940 have not been com¬ have given formulated and are dependent to some extent on Current orders are relatively small." The pletely traffic trends. publication on Feb. 1 said, in part: "While January period of slow pick-up, the situation has been affected this year by the heavy production of the fourth quarter and widespread cold weather and snow, which have delayed the placing of orders for spring activity. Consid¬ ering these retarding factors, some steel companies derive a degree of satisfaction from a steady flow of orders, even though the aggregate volume is. not increasing and averages not more than 50% of shipments. In nearly all major pro¬ ducing districts there have been declines in the. ingot pro¬ duction rate, which are only partly offset by moderate increases in the Cleveland-Lorain and Detroit areas. The same Prime Western division for the week ended Jan. 27 by the of zinc, as against 5,436 tons in the previous week, 5,008 tons in the week ended Jan. 13, 3,066 tons in the week ended Jan. 6, and 4,844 tons in the week ended Dec. 30. Undelivered contracts at Jan. 27 totaled totaled 5,725 tons 37,703 tons of zinc, as against 51,725 tons at Dec. 30, 1939. quotation for zinc was reduced on Jan. 22 from 6.14c. to 5.89c., New York. United States deliveries of tin during the month of January totaled 9,780 long tons, against 11,366 in December, and 7,870 tons in November, while tin-plate The operations at the close of January were at the rate of 65% of capacity, as compared with 70% earlier in the same month. The price of tin, after dropping from 48.75c. on Jan. 1 to 45.00c. on Jan. 23, Recovered part of its loss the during and was 45.75c. on at the close of De¬ the month of remainder which compares with 49.50c. cember, 1939. < Jan. 31, . is normally a Y ;* . , Lumber Movement According turers to reports Association from to the National Lumber Manufac¬ regional associations covering the operations of representative hardwood and softwood mills, production for the four weeks ended Jan. 27, 1940, was 6% above the corresponding period of 1939; shipments were 0.3% below the shipments, and new orders were 8% above the new business of the 1939 period. For the four weeks of 1940 new business was 14% above, and shipments were 3% above production. The ratio of unfilled orders to gross stocks was 21% on highest operating rate in the country is at Detroit, which Jan. 27. 1940. compared_with~17%„jr_^ has advanceci-ta~98 %, while--the -Bir.mingha-m^ rate -r^nainsorders were 19% heavier than at the same time last year'; steady at 94%, and the Chicago district, though below the gross stocks were 5% less. rate for the last week, is at 85%%; the Pittsburgh district In the week ended Jan. 27, 1940, a total of 520 mills is down to 73%, and Youngstown is at 62%. Merchant pig produced 177,252,000 feet of softwoods and hardwoods com¬ iron business is slowing down along with steel, and in one bined; shipped 188,574,000 feet, and booked orders of 207,important district January shipments were 30% below those 662,000 feet. Compared with the corresponding week of of December, A more sharply competitive situation in fab¬ 1939, production was 2% less; shipments, 8% less, and ricated structural steel and reinforcing bars, brought about new business 4% greater. Revised figures for the five by the midwinter dearth of new construction projects, is preceding weeks follow; accompanied by price concessions in soone districts, the sit¬ uation on the Pacific Coast being particularly weak." Steel Orders Received Production No. of Shipments . quotations were lower in nearly all districts, result¬ scrap ing in further declines in the "Iron Age" steel scrap com¬ posite price on Jan. 23 from $17.67 to $17.54 a gross ton, $17.33, which compares with $14.87% in effect at the close of January, 1939. No change was re¬ corded in the "Iron Age" composite prices of finished steel and pig iron, which remained at 2.261c. a pound and $22.61 a gross ton, respectively, as against 2.286c. for finished steel and $20.61 for pig iron a year previous. The operating rate of steel companies having approxi¬ mately 97% of the steel capacity of the industry, according and to Jan. 30 to on American the Iron and Steel Institute, was scheduled 77.3% for the week beginning Jan. 29, 1940, the lowest rate since the week of Sept. 11, 1939 (with the exception of the holiday week beginning Dec. 25, 1939), and com¬ at 82.2% for the week beginning Jan. 22, 1940; 84.8% for the preceding seven-day period; 86.1% for the week beginning Jan. 8, 1940, and 85.7% for the week be¬ ginning Jan. 1, 1940. At the close of January, 1939, opera¬ tions were reported to be at the rate of approximately 52.8% of capacity; in the last week of January, 1938, at 30.5%, and in the like weeks of 1937, 1936 and 1935, the rates were 79.6%, 49.4% and 52.5%, respectively. with pares As to non-ferrous metals, "Metal and Mineral Markets" reported during the month in substance as follows: ness developed in the domestic copper Weak¬ market during the latter part of January, influenced, in part, by a continued lack of buying interest by consumers, plus an extremely dull market for export copper. Fabricators are busy re¬ ducing their inventories, but since new business has not developed they are cautious in acquiring additional Producers believe, however, that in some directions consumers have permitted their inventories to reach a low level. Domestic copper sales totaled 2,994 tons in the week ended Jan. 30, as against 4,390 tons in the preceding week, 8,103 tons in the week ended Jan. 16, 5,060 tons in the week ended Jan. 9, and 5,616 tons in the week ended Jan. 2. yet metal. Sales of copper in the domestic market amounted to 23,549 tons for the month to Jan. 30, as compared with 29,592 tons ing the last reason week of the month was given as the chief for the unexpected weakness in ducing their purchases to a lead, consumers re¬ minimum, and sales during the week ended Jan. 31 amounting to 1,580 tons, as against 3,315 tons in the preceding seven-day period, 4,674 tons in the week ended Jan. 17, 4,436 tons in the week ended Jan. 10, and 5,020 tons in the week ended Jan. 3. Effective Jan. 29, the price of lead was lowered one-quarter cent, establishing the market at 5.25c., New York, and 5.10c., St. Louis, or to the same price that was in effect on Sept. 6, 1939. Though shipments to consumers during the month large, buying of zinc was inactive, sales of common grades for the week ended Jan. 27 totaling 1,004 tons, as compared with 1,235 tons in the preceding week, 677 tons in the week ended Jan. 13, 2,698 tons in the "week ended Jan. 6, and 3,448 tons in the week ended Dec. 30. Shipments were {Feet (Feet CFeet 518 196,233,000 197,198,000 165,959,000 134,764,000 204,092,000 200,665,000 194,550,000 174,998.000 168,647,000 194,967,000 229,586.000 218,541,000 516 Jan.j 510 6, 1940 Dec.-30, 1939Dec. 23, 1939 In the 484 510 week stood at 70% ended Jan. 27, 1940, 192,125,000 172,473,000 199,548,000 the lumber industry of the seasonal weekly average of 1929 pro¬ duction and 70% of average 1929 shipments. 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: "The spring shoe season is getting under way slowly and expected to be moderately below a year ago. Factory operations in recent months have held up better than seasonally under the impetus of rising costs, and 419,000,000 pairs are estimated to have output for the first quarter is been produced in 1939, a new record. Indications are that accumulation of shoes may have taken place in dis¬ tributive channels, and this, together with the early Easter and the absence of an outstanding style feature, has tended to restrict orders for spring. Manufacturers' prices accord¬ ingly have failed to show advances commensurate with the some rise of leather and labor costs. "Tanners report a quiet volume of new business at soften¬ Deliveries of staple leathers continue fairly active, but some increase in inventories is taking place due to the maintenance of tanning operations close to the high level of last fall. The time for placing additional business for spring is drawing to a close, and some improvement in ing prices. retail shoe sales is needed to stimulate the leather trade. "Spot hide prices have lost about one-half the" gain of September. The heavy imports, contributed to quality of winter hides, continued disappointing call for leather have poorer and the a downward market only after prices had trend. Tanners entered the declined." Coffee in the month of December, 1939, and 15,399 tons in January, 1939. Effective Jan. 18, quotations for copper were lowered from 12.50c., Valley, to 12.25c. (the first price movement since early October) ; on Jan. 22 to 12.00c., and on Jan. 26 to 11.62%c. The unsettlement in both copper and zinc dur¬ Mills Week. Ended—. Jan.| 20, 1940 Jan.< 13, 1940-. A comparatively steady undertone prevailed in the mar¬ ket for coffee "futures" during the past month. throughout the country brought a wave roasters in were fairly a The cold better demand, and forced to draw upon reserves, which resulted good replacement buying of raws. Cost and freight offerings from Brazil continued steady, even though there were reports of easier prices in Brazil. According Brazilian producers were not pressing offerings the belief that a buying movement by American roasters to reports, on was overdue. No. 7 Santos 6%c.@6%c. was Dec. quoted 29; on Jan. 31 at 6%e.@6%c. against 6%c.@6%c. Nov. 30; 6%c.@6%e. Oct. 31; 6%c.@7c. Sept. 30; 6%c.@6%c. Aug. 31; 6%c. July 31, the same as on June 30, against 6%c. May 31; 6%c. April 29 (April 30 was Sunday); 6%c. March 31; 7c. Feb. 28, the same as on Jan. 31. No. 7 Rio was quoted on Jan. 31 at 5%c. against 5%c. Dec. 29; 5%c. Nov. 30, the same as on Oct. 31 and Sept. 30, against 5%c. Aug. 31, the same as on July 31 and June 30; 5%c. May 31, the same as on April 29 and March 31: 5%c Feb. 28; 5%c. Jan. 31. feared been had market the by many that war potentialities would Cuba, the crop regulation favorably received by the trade. It was con¬ an indication that Cuba desires to keep supplies lead to unrestricted production in news was strued as possible. This development, to¬ strikes were spreading in Cuba and the Philippines, prompted scattered speculative buying. It was pointed out that in the event of the labor difficulties continuing to spread, there could be shipping delays which might prove serious to the trade. Market rallies, however, were of comparatively short duration, as all price advances met hedging pressure. Subsequpent reports that a nation¬ wide strike of sugar workers in Cuba had apparently been averted prompted scattered selling. Refiners, after mak¬ ing quite liberal purchases during the earlier part of the month, developed an apathetic attitude, while there ap¬ peared to be some impatience to sell on the part of raw tiolders. There was also talk of prospective decreased con¬ down as normal near sumption as reports that gether with result of recent frosts in the South which destroyed fruit crops, thus indicating smaller sugar require¬ ments from canners in the spring. Sales of Cuban sugars as a consisted of the following, all c. & f. On Jan. 4 February shipment at 1.95c. ~and~fihporf at 1.93c.; ori "Jan. 8 import at 1.89c.; on Jan. 9 January shipment at 1.90c and 1.89c.; on Jan. 10 January shipment at 1.90c.; on Jan. 11 second half February ship¬ ment at 1.90c.; on Jan. 12 second half January shipment at 1.95c.; on Jan. 15 March shipment at 2.00c. and February shipment at 2.00c.; on Jan. 16 March shipment at 2.00c.; on Jan. 18 March shipment at 2.00c.; on Jan. 19 March shipment at 2.00c.; on Jan. 23 January/February ship¬ ment at 1.96c., and on Jan. 30 proihpt shipment at 1.95c. The wholesale price for refined, Immediate delivery, was quoted at 4.70c. until Jan. 5, when all refiners reduced it to 4.60c.; on Jan. 8 the price 'was again reduced to 4.50c.; on Jan. 9 a range of 4.35c. to 4.50c. was quoted; on Jan. 12 the range was changed to 4.30c. to 4.50c., and on Jan. 16 the range was further changed to 4.40c. to 4.50c., at which the month .exclusive of duty: during level it remained during the remainder of the month. Rubber Crude rubber early in a a spurt of buying of Government during the early part of the month, the export demand fell off. Estimates of world supplies were revised upwards. The Bureau of Agricultural Economics estimated world wheat production at 4,279,000,000 bushels, or 27,000,000 bushell higher than its estimate a month previous. The higher estimate was due to increases in Canadian and Turkish production. The Australian crop was placed at 186,500,000 bushels, although subsequent private estimates suggested a crop as high as 200,000,000 bushels, which would give Australia the third largest crop on record. Total world supplies, exclusive of Russia and China, were estimated at about 270,000,000 bush¬ els kipre than in the 1938-39 season. The statistical picture of wheat, therefore, was considered to be more or less bearish. However, it was pointed out that there were two possibilities in the outlook which could readily overshadow the statistical position, namely, an adverse change in the present crop situation, and a prolongation of the military, of Sugar for sugar "futures" displayed periods of strength during the past month, the final trend was downward. Among the constructive factors was the fixing of the Cuban crop at 2,753,903 tons, which was con¬ siderably less than had previously been indicated. As it Although 9 MONTHLY EEYIEW Fed., 1940] After belt. wheat winter the Canadian wheat by the British ^ "war" Statistics abroad. situation commodity. have proved wheat to be a Corn, oats and rye, after a display of strength during the early part of the month, likewise tended downward. It was officially reported that the new corn result of abundant rains had benefited greatly as a crop during January. In Chicago the May wheat option closed on Jan. 31 at 96 %c. as against an opening price of $1,041 Jan. 2 (Jan. 1 a holiday, New Year's Day). At Winni-] May wheat option closed on Jan. 31 at 84%c. as against an opening of 89c. on Jan. 2. May corn in Chicago, closed on Jan. 31 at 55%c. compared with an opening of 58%c. on Jan. 2. May oats closed at 39c. as compared with an opening of 39%c. on Jan. 2. May rye closed at 66%c. as compared with an opening of 77c. on Jan. 2. on peg the * Textiles ■ | expanded moderately,, chiefly as a result of seasonal influences, but later in the month turned The textile trades quiet, owing to adverse weather conditions in wide sections country. Retail business made a fairly good show¬ although during the latter part of - the month the margin of gain over last year narrowed somewhat, chiefly of the ing, because of unusually severe winter weather, notably in the Wholesale trading experi¬ Southern parts of the country. its customary enced improvement about the middle of the- month, when the annual conventions of retail and whole¬ sale merchants brought a large influx of buyers, and pur¬ chases of the period under review followed steady trend, chiefly under the influence of rumors that a early spring merchandise received a further impe¬ the early date of the Easter holiday. Later in the month increasing caution on the part of buyers was tus through industrial activities showed higher export tax may be placed on rubber shipments from noted producing countries. Substantial buying by tire factories, notably for first-quarter shipment, and favorable estimates of the United States December consumption figure also helped to support prices. During the second half of the month quotations declined moderately, mainly in sympathy With the reaction in other commodity markets and in secur¬ ity prices. Previous rumors that a shortage of freight space from the Far East was impending following the tapering off, and doubts arose regarding nearby generalbusiness prospects. However, in view of the sound inven¬ tory conditions in the wholesale and retail trades, a resump¬ inauguration of the Government's British requisitioning denial, and predictions were heard that the next meeting of the International Rub¬ ber Regulation Committee might consider another increase of shipping Feb. 1 met with on a the export quota for the second quarter of the year. The United States consumption figure for December, show¬ in ing a total of 48,428 tons, compared with 48,143 December, 1938, did not come up to expectations. tons in Ribbed smoked sheets for spot delivery were quoted at asked Jan. 31 against 19%c. asked Dec. 29; 20%c. asked Nov. 30; 20%c. asked Oct. 31; 21c. asked Sept. 30; 18%c. 16%c. June asked Aug. 31; 16%c. asked July 31; 16%c. asked 30; 16 ll/16c. asked May 31; 16c. asked April 29 (April 30 Feb. asked Sunday); 15%c. asked March 31, and 16%c. was 28. past month, prices for wheat in domestic markets devel¬ oped a downward tendency. Extremely low temperatures in both for the winter and active buying Whether or aged the by there has not spring wheat belts during the new a were early part not expected to of growing of responsible the month. winter wheat crop has been dam¬ coldness is been the period be known weather. until Reliable authorities claimed, however, that the cold did not improve the condition, and much apprehension was expressed the outcome in the States east of the Mississippi as to River. Subsequent snows relieved the situation, the crop in most of the important growing areas being supplied with ade¬ quate covering. Thus, with the weather conditions removed tendency a towards* buying activities is anticipated, should the general1 outlook show any improvement. Raw cotton in January, after reaching new highs early in the month, sub¬ sequently followed a and much trend, downward of the previous month's gain was erased during the period. The early strength of the staple was chiefly due to the continued firmness of the principal foreign markets, the higher rate of consumption increase in domestic mills, and the continued sharp the total of which during the month* by exports, passed the amount of cotton exported in the entire previ¬ ous year. The ensuing reaction mainly reflected a set¬ back in the foreign markets, the growing trend on the part of growers to repossess loan cotton for the purpose of meet¬ ing the demand in private trade channels, the disappointing volume of cloth orders received by domestic spinners, and the realization that, after the protracted advance in a technical reaction other sued was due in commodity markets a declining trend. that no further prices, event, in as much as any as well as security prices pur¬ Announcement made late in the subsidy would be paid of cotton also affected sentiment display of strength during the early part of the a of business month Grains After tion as in some on exports as did reports from the South expressing the belief that the un¬ usually cold weather prevailing there during part of the month could be counted upon to greatly reduce the number of hibernating boll weevils. Spot cotton here in New York measure, was quoted at 11.54c. Jan. 2. A steady decline carried the price to a low of 10.67c. Jan. 23, with the final quotation at 10.79c. Jan. 31. Trading in the gray goods markets was quiet during most of the period under review, and prices showedi moderate recessions. A flurry of buying witnessed during the second half of the month proved of very short duration. Print cloths at Fall River for 28-inch 64x60's receded Jan. 10 from 4%c. to a range of on 4%c. to 4*4c., and Jan. 19 the price eased further to 4%c., at which figure it stood Jan. 31 The price of 27-inch cloth 60x64's was 4c. Jan. factor, liquidation developed under which prices reacted. As a result of the improved weather conditions, crop advices from the Southwest turned more optimistic. In most of the wheat belt, snow and 31, compared with 4%c. Dec. 29, and Osnaburgs were quoted at 8%c. Jan. 31 as against 8%c. Dec. 29. The report of the Census Bureau, issued Jan. 13 and covering the month of December, showed a seasonal decline in the rains United States consumption of the as an important market improved topsoil conditions, though subsoil moisture reserves were Announcement said to that the be still too low export subsidy in many would be sections. restored wheat and flour from the North Pacific Coast had some effect on the market for a brief period, but this was offset on later by the announcement that the Federal Surplus Com¬ modities Coloration would not renew loans on 1938 and 1939 wheat stored on farms in the more Southern sections staple as compared with previous month, but continued to reveal a substantial gain over the corresponding month of last year. The the consumed was given as 652,695 bales of lint and bales of linters, compared with 718,712 bales of lint and 90,701 bales of linters in November, and 565,627 bales of lint and 65,709 bales of linters in December, 1938. amount 104,687 The woolen goods market remained seasonally quiet as MONTHLY REVIEW 10 fall lines. A feature demand for overcoatings, reflecting heavy consumer purchases caused by severe win¬ ter weather. Mill operations showed a further tapering awaited the opening of the new users the month of off, backlogs. order diminished of because women's the persistent was Trading in with the attention fabrics was fairly active, wear centered on tweeds and twills. of buyers quoted Jan. 31 Japanese double extra 13-15 deniers were orders, which set the daily allowable production of for Texas at 1,390,151 barrels, also reduced the ration crude oil former basic allowables to The allowable, new conform with the new schedules. whigh became effective Feb. 1, was 18,751 barrels daily above the recommended figure of 1,371,400 barrels set in the regular national monthly mar¬ ket demand estimates of the United States Bureau of Mines, but it was indicated that actual net production will be 15,236 barrels daily below the estimate of the Federal agency. The East Texas field was left unchanged at 404,480 barrels net daily, awaiting the outcome of Federal court tests the basis of the potential-allowable order governing $3.10@$3.15 against $4.50@$4.55 Dec. 30; $3.43@$3.4S Nov. 30: $3.55@$3.60 Oct. 31; $3.10@$3.15 Sept. 30; $2.65@ $2.70 Aug. 31; $2.70@$2.75 July 31; $2.51@$2.56 June 30; $2.58@$2.63 May 31; $2.46@$2.51 April 29 (April 30 was a Sunday) ; $2.10@$2.24 March 31, and $2.20@$2.25 Feb. 28. In the case of the 20-22 deniers Japanese crack double extra were quoted at $3.03@$3.08 Jan. 31 against $4.43@ $4.48 Dec. 30; $3.41@$3.46 Nov. 30; $3.47@$3.52 Oct. 31; $2.94@$2.99 Sept. 30; $2.50@$2.55 Aug. 31; $2.58@$2.63 July 31; $2.49@$2.54 June 30; $2.56@$2.61 May 31; $2.39@ $2.44 April 29; $2.13@$2.18 March 31, and $2.25@$2.30 proration schedule and corrections would be made in cases "where our orders would cause waste, endanger wells or Feb. 28. create at Petroleum petroleum industry between the Mexican ex¬ foreign field interest was divided announced Commission, Railroad that the control agency investigating the complaints which flooded the Com¬ mission's offices following the announcement of the new was hazard to a The during the initial month of the new year was the sharp slash in crude oil prices on the West Coast, while in the A. Smith, Chairman of the Texas January Lon Late in and Its Products Leading development in the domestic field. the Texas in field." a well spacing ruling, which also became effective new Feb. on 1, brought a record number of drilling permits issued by the Commission during the final week of January. The new spacing order rules that the minimum dis¬ tance of a new well drilling for oil in the Lone Star State be 933 from a must propriation tangle and the struggle over supplies of Ru¬ manian oil between that country, the Reich, England and feel France. from feet any and at least 467 subdivision line. This re¬ other well, placed in The most drastic cut in the.price structure ... than more 3F-by Standard Oil Co. of TBree~y'ears wa£~~pbsted" on Jan. California" when crude oil prices on the West Coast tumbled 15c. a barrel. The revised postings, which became effective immediately, applied to all gravities in all fields 4c. to the where maintained Company and postings, by varies gravities. Price policies for the other major oil companies operating in California were still confused at month-end, with Rich¬ Oil field the only follow to company the cut posted by the West Coast indicated that there was considerable opposition to the reduction in prices, and Shell, Tidewater Associated, General Petroleum and Union Oil of California maintained their former price lists Standard. from Reports Under the the ruling in effect for many years which set oil spacing at only 300 feet from another oil well, and 150 feet from a property, lease or subdivision. The new rule allows'one well for each 20 acres, against the old rule of one well each 2% acres. well recommending the February allowables for the major In oil-producing States, the United States Bureau of Mines reported that necessary daily average production of crude qil during the \month to meet market demands would be 3,529,000 barrels. While this figure is 1% under the esti¬ mated daily average market demand for January, the report pointed out that it was 7% above actual market demand for the corresponding month last year. Opposition to the proposed Cole measure, under which the would control the petroleum industry, spirited with several bitter attacks upon the bill being made during the month as the time for renewal of hearings [Feb. 5.—Ed. note] drew near. Not only did the Federal Government grew more month-end. at lease or property, schedule the first cut in new structure since the basic price March, 1936, Standard of California lowered in for further attacks from leading oil fig¬ its Cole bill to United States Chamber of Commerce, in a report made public by its National Resources Committee, price for 27 gravity Signal Hill crude oil 7c. a barrel $1.03. Top prices for crude from Santa Fe Springs were cut to $1.36 from $1.42, with Huntington Beach pared from $1.22 to $1.15. Corresponding price cuts in other fields were posted in the company's announcement. Pennsylvania grade crude oil prices were lifted 25c. a barrel in January by the Joseph Seep Purchasing Agency South of the Penn Oil Co. in the fourth advance in The boost, which months. by the quickly met Quaker State Oil Tidewater Associated three was and Oil 1, the Bfefining Co. Under the new schedule at their highest level since Bradford hit $2.82 prices were barrel in the price of 1937. summer The a retroactive to Jan. was revised list posted come but ures, made the its known oil industry "We opposition to ox>posed," are Federal control of the any under the set-up inherent in the bill. committee the the States their petroleum responsibility for the conservation of their and would centralize in the Federal complete control over petroleum production." resources Government For the same the committee reason, proposal, to the now lips Interstate Oct. 7 last. barrel On the first of November made, followed was jump of 10c. The a on a barrel on advance of 15c. a the first of December by a an barrel. sustained rise in the value of Pennsylvania grade broadening industrial demand and the sharp rise in export demand, due to war needs abroad, since this grade oil is used mainly in the refining of lubri¬ crude oil reflects The cants. the in manner which the mark-up in prices was staged during the final quarter of 1939 and the first month of 1940 indicates that and the market is possible realization every of being closely watched the "sellers" conditions existing is being made. Material changes in 1940 plans have been caused the generally expected expansion in failure of by the foreign de¬ war needs, W. S. Farish, Presi¬ (New Jersey) said in a year-end statement. Proof of the rapid changes in market conditions, he pointed out in discussing dislocation of normal trade conditions 200% due the to tanker in Co. war abroad, is the increase of freight rates since hostilities over started last too& whereby measures The proposed Federal regulation of the petroleum indus¬ try came in for a slashing attack by Governor Leon C. Phil¬ Oklahoma, recently-appointed Oil Compact Commission, in of Southern Conference before the on Chairman of the speech delivered a Interstate Problems, in Nashville, on Jan. 26. "If the Federal Government can regulate oil on the theory that eventually it reaches inter¬ state commerce, it can do it to all other basic commodities the on theory," he said, adding: "If this should will have arrived at National Socialism." same happen, we crude Proven outset of 1940 oil were reserves in the United States at the equivalent to approximately 15.7 years' supplies, and represented the largest figure in the history of the petroleum industry, according to a survey made public during January by the "Oil and Gas Journal." An increase of nearly i,500,000,000 barrels during the 12 months of 1939 lifted last, new 254 of new year of ure as "The outlook for next year is fairly good," he continued. "Earnings should be benefited if Illinois adopts a conserva¬ tive program, as that would mean the curtailment of un¬ fields of old reserves from which September, reserves new extensions 1939 the total to 19,687,379,000 barrels on Jan. 1 the survey indicated. The mand for crude oil due to dent of Standard Oil it out, in bituminous coal mines. of 75c. barrel since the first increase of 25c. pointed before Congress, Federal agencies would assume control of safety exception Bradford-Alleghany crude oil at $2.75 a barrel. Crule oil in Southwest Pennsylvania Pipe Lines advanced to $2.40, Eureka Pipe Line to $2.34, and Buckeye to $2.30. Prices have shown a net advance a Federal "to reported, legislation now provided in Congress that would take from was have been created through the discovery in 1939, plus the additions credited fields, the survey pointed out. to During totaling 2,710,388,000 barrels were found, subtracted the crude oil production in that 1,255,783,000 barrels, in arriving at the of J an. 1, 1940. reserve fig¬ Texas led all other States in proven the economic war overproduction in that area. The effect of the is highly problematical, but it now appears unlikely that three will be any in the near future. was Present a substantial For the second successive year draft upon stocks supplies appear to approximate quate quantities Texas as resumed above more ground. closely ade¬ working inventories." seven-day production week on Feb. 1 new proration orders for the month issued by the Texas Railroad Commission in mid-January. as the Sole result of exception a the to the order restoring Texas fields was the East Texas areq. or 17.6%, was second. Oklahoma was third with 1,287,906,000 barrels, or 6.5%, and the remaining 21.6% is scat¬ tered among 20 States. Texas broadening in the demand for exports The crude oil supply situation is in a generally healthy condition. there petroleum reserves, with 10,794,055,000 barrels, or 54.8% of Nation's total. California, with 3,447,662,000 barrels, full operations in The February pro¬ also led in new reserves discovered during the past year, with 1,070,145,000 barrels, or 39.5% of the total. California again was in second place with 500,500,000 bar¬ rels, 18.5%, and Illinois third with 429,070,000 barrels, Mississippi, which was opened in 1939 as a commercial oil producer, was listed as partially developed property with estimated reserves of 2,297,000 barrels. Ne¬ braska, another newcomer, was in a similar category, with 49,000 barrels listed. or or 15.8%. A moderate decline in in the United States daily average crude oil production during the Dec. 23-Jan. 27 period was disclosed reports compiled by the American Petroleum Daily average output of crude oil for the Dec. 23 3,867,000 barrels, with a net decline of 255,400 in Institute. week was 3,611,600 barrels. barrels, bringing the Jan. 27 total down to oil were up nearly 5,000,000 barrels during the Dec. 16-Jan. 27 period, mount¬ Stocks of domestic and on of charges against 11 convicted defendants in the^Madison, Wis., anti-trust oil cases. The Government's surprise action the possibility Supreme the by reconsideration of action Court of its decision of last November affirming the dismissing the de¬ fendants after a jury had found them guilty. The United States Supreme Court on Jan. 29 rejected the petition of the Standard Oil Co. of California for a review of the decision of the Ninth Circuit Appellate Court affirm¬ ing a lower court ruling, thus making concrete the Federal Federal of Patrick Judge in Stone T. The Government's title to Section 36 of the Elk Hills field. for an appeal was properly in accepting a decision of the Secretary of the Interior without taking evidence and making a judicial determination as to his authority to make rulings carrying evidentiary weight. The Mexican expropriation situation broke into open "flame" during January as the Standard Oil Co. (New Jer¬ sey) made a bitter attack upon the Cardenas Administra¬ tion and charged that the "leniency and courtesy" shown the Mexican Government by the United States Department major the State of involved point whether lower "had acted played into the hands of Mexico." On the the value Mexican to President Cardenas ruled that the case was sole remaining task the determination of of the seized properties now being set by the with the Rumors courts. International the the that Court would tangle Justice of The at be taken Hague were ended when the Mexican Government made known its feel¬ ings that since there courts, the was possible. In commenting cases no upon still were the before outside to recourse Mexican arbitration the tactics of the State Department, Standard of New Jersey said the Washington statements "they have stiffened the Mexican Government in its deter¬ to take what it wants, mination for it, whether or not it can pay in complete disregard of the rights of Americans and other foreigners, and in violation of its own laws and inter¬ national agreements." The statement added: "The whole structure of international business relations is endangered. If private property can be taken at will and no and fair, prompt adequate payment made for it, the whole basis of rela¬ between tions the they gain a of 23-Jan. Dec. eased, With stocks show¬ barrels during the field the mid-continent bulk market key markets for motor fuel. did other as fuel oils. responsible for the rising price level for were In the gasoline 9,000,000 than more period to nearly 88,000,000 barrels, the top-heavy inventory set-up was reflected in pressure upon the price structure throughout the country. Refinery opera¬ tions hovered at contra-seasonally high levels during most of 27 January, refiners sought to build as slocks of fuel their depleted up oils, and unavoidably built up their already unwieldy stocks of motor fuel at the same time. Representative price changes, showing the course of the major refined product markets throughout the country durign January, follow: Jan. 2—Fuel oil prices the on West Coast 15c. cut were 24—General Jan. oil a of advances %c. to ^c. gallon in kerosene and fuel a prices along the Atlantic seaboard were posted by Sinclair Refining and other independent companies. 27—Standard Jan. %C. of Ohio gallon throughout Muskingum Counties. a cut prices the State of with all of grades three exception the of gasoline Canton and JANUARY FINANCING OF THE UNITED STATES TREASURY A of the principal developments in Treasury would include the following: Sales of United States savings bonds—the so-called "baby bonds"—in record-breaking /volume; retirement of $150,0(K);0()0 or degree of weakness in the market for outstanding issues, and the submission of summary financing in January the budget to Congress by The President Roosevelt. capital So far as open market financing is concerned, the next problems with which the Treasury will have to deal are the $353,000,000 of 3%% bonds which become redeemable on June 15 and the $738,400,000 of 1 %%' notes which mature on June 15. If the Treasury is to redeem the $353,000,000 of 3%% bonds it must issue a call for them by Feb. 15, four months' Treasury market with did not in notice being required. ber to January approach the public offering of securities. any As the Treasury was „ able in Decem¬ 9-11-year bond with a 2% coupon and a 12-14-year bond with a 2%% coupon, it is virtually a fore¬ gone conclusion that the small amount of 3%s will be re¬ place funded a into lower a issue. coupon In keeping with the practice of the last two ye_ars, the Treasury can be expected refinance to the $738,400,000 of 1 %% notes three months date, June 15. Instead of seeking ad¬ ditional funds through a new offering of securities, the ahead of their due Treasury was tion of States is undermined." The statement pointed out that the State 75c. to barrel, San Pedro base. the petition in courts Mexican front, closed demand in metropolitan ing Jan. 27 unexpectedly with¬ drew its request that the United States Supreme Court reconsider its 1939 decision which affirmed the dismissal Department of Justice ended by the companies that adequate supplies to meet New York would be^ on hand, and Mayor absolved the companies of the inference that reassured foreign crude ing to 237,339,000 barrels. The 11 MONTHLY REVIEW Feb., 1940] type that has become rare in recent years. is to a able in January to carry through an opera¬ That the Treasury paid off out of its cash holdings $150,000,000 of discount bills. These were the bills which Department had clearly stressed this point in a note sent by Secretary of State Hull in 1937, but the company implied that, so far, the Department had not strongly pressed Mexico for satis¬ weeks faction had bility in for accordance the with this maintenance of principle. this "The principle responsi¬ rests in the hands of the Department of State," it was argued. the Department of State, for any reason, too "Should long delay in taking the steps to meet Mexico's challenge to the principles of right and fair dealing between nations, it necessary by its may, tempt patience, similar to very wrongs flicted. . . those the lasting to . little actual which mid-month French the to has at- in¬ supplies results and continued at except that the Janufar below normal. were English Governments sent stiff notes of protest to the Rumanian Government after the latter had formed a petroleum committee which was powered to take over control of the Rumanian oil owned man 70% by British and French companies. The Ger¬ Government, which had warned Rumania against cur¬ tailment of needed oil supplies, also sent against the slackening of shipments. still a dog-fight between the Allies Rumania apparently cast in stander." Jan. Jan. barrel Jan. 1. for prices Reich, with by¬ were lifted 25c. a barrel, a price of $1.08 in the Long Lake pool of Leon and Anderson Counties, Texas. Jan. 81—Standard of California reduced prices of crude oil barrel in all fields in which it makes purchases Richfield oil followed the price slash. a totaled In as or 4c. operates in to moved emphasis was on fuel into higher brackets under the twin stimulus of rising demand and curtailed stocks. With bit¬ ter cold weather gripping most of the Nation in its hold, demand for fuel oils from householders and other users picked up momentum and brought about sharp drains upon inventories The tightening supply-and-demand picture was quickly reflected* in the price structure. In the metropolitan New York area the situation week for three market $500,000,000. in tax the bank on $100,000,000 659,000, a new at were Jan. prices 10 the deposits levied as of April 1. Bids for bills dated Jan. 3 aggregated $579,- of record high, and all of the tenders accepted slightly above par. For the issue dated tenders were still at the relatively high level $380,809,000, and the entire allotment was on the basis of prices slightly above par. Allotments for the Jan. 17 of issue at were prices at little sloped off a issue taken slightly above par. The demand in the next week, for the Jan. 24 or more at prices ranging from slightly above to In the last week of January the demand still nearer approach to normal, as the average 0.004%, compared with 0.007% on the last issue of was made a was December. United States savings bonds experienced a phenomenally large demand in January. Usually January has proved to be the month of peak demand. As any one purchaser is entitled year, to subscribe to only $10,000 of these obligations a the habit has developed of placing promptly in Janu¬ the subscription for the maximum permitted under Treasury other became regulation. Banks, corporations, estates and buyers have helped to swell the sales of the bonds in January. Advices "to the "Wall Street large Journal" from Washington, under date of Jan. 31, reported Treasury raised close to $250,000,000 in January through sale of savings bonds, or 85% more than was raised in January, 1939. Sales of savings bonds slowed up in September, following the wide break in Government secur¬ that the ity prices, sharply. In threatening that Mayor La Guardia sent a stiff telegram to the major oil companies, warning that he would not stand for any shortness or general price mark-ups. He was so a securities Treasury bill market seasonal influences were at January. These are the influences, which first made their appearance in noticeable form a year before, stemming from the Chicago Federal Reserve District, where the bills are sought as a means of obtaining exemption from work ary 15c. California! refined products field the prices $50,000,000 Government the savings In the oil the fully recovered from the shock dealt to it by the out¬ break of war in Europe. Discount bill maturities in January aggregated $650,000,000, whereas new issues offered rate the Marketing Co. posted Woodbine sand production before and ' 23—The Sinclair Prairie Oil fall slightly below par. the role of the "innocent grade crude oil last note protesting At month-end it was a Price changes follow: 2—-Pennsylvania effective a em¬ industry, offered in the amount of were the oil try movements of oil from Rumania In Mexico injury of international jus¬ tice and friendly intercourse." The battle over Rumanian month-end with other nations encourage say, his President but annual since then the demand has budget message to Congress, Roosevelt estimated that the net picked on deficit up Jan. 4, in the 1941 fiscal year would be $2,176,231,570 as against $3,932,813,641 in the current fiscal year. If Congress adopted his recommendations for tax increases totaling $460,000,000, MONTHLY REVIEW 12 said the further decreased President, the deficit would be to. $1,716,000,000. The Chief Executive calculated that esti¬ mated expenditures in the next fiscal year at $8,424,000,000 would be lower by $675,000,000, while estimated normal $5,548,000,000 would be up $382,000,000. He said that recovery of excess capital funds was estimated at $700,000,000. The deficits for the current and the next fiscal years, he said, would "be met in normal course partly by additional tax collections, partly by carrying lower bal¬ ances, and partly by borrowing." But, while President Roosevelt was moving somewhat nearer a state of budget balance, he made it plain that he was not disavowing his fiscal policy of other years. With full employment still unattained, he declared, <fwe must, therefore, avoid the danger of too drastic or too sudden a curtailment of Gov¬ ernment support." The President estimated that the pub¬ lic debt at the end of the 1941 fiscal year would amount to $44,938,577,622, or a mere $60,000,000 below the cur¬ rent statutory debt limit of $45,000,000,000. On Jan. 23 there was made public the testimony of Secretary of the Treasury Henry Morgenthau Jr. before the House Appro¬ priations Committee in December, at which time the Sec¬ retary said he thought the debt limit should be raised to $50,000,000,000. On offer. stock were provileged to exchange their basis, plus a cash payment equal to the difference between redemption price of old pref. stock and initial public offering price of new stock ($105 a share and accrued dividend from Jan. 1). Holders of 316,461 shares of $6 pref. stock accepted the exchange offer, leaving 39,162 shares to be taken up by the underwriting syndicate. The pref. stock offering was underwritten by same group which underwrote the debentures. The latter consisted of three series—$8,000,000 of 2%a due 1950, priced at 102M and int.; $10,000,000 of 3 Hs due 1960, at 103 H and int., and $12,000,000 of 3%s due 1970, priced at 10314 and int., all series from Jan. 1. Other bankers offering the debentures included: The First Boston Corp.; Harriman Ripley & Co., Inc.; W. O. Langley & Co.; Smith, Barney & Co.; Blyth & Co., Inc.; Tucker, Anthony & Co.; Harris, Hall & Co., Inc.; Kidder, Peabody & Co.; Lee Higginson Corp.; Shields & Co., and Stone & Webster and Blodget, Inc. * stock under an exchange Holders of $6 pref. of receipts ' $30,000,000 American Gas & Electric Co.—Public offering of $30,000,000 s. f. debs, through a Nation-wide underwriting group of 104 investment firms headed by Bonbright & Co., Inc., was made Jan. 8. Simultaneously the company offered 355,623 shs. of A%% cumul. pref. stock to holders of outstanding $6 pref. • 18,594,000 Consumers Power Co.—An ' Associated in the underwriting group were , . " , $29,450,000 of debentures dated Feb. 1, $2,150,000 being placed within the System and the remainder publicly. Of the total amount, $14,400,000 were to mature on May 1, and $15,050,000 on July 1, 1940. maturities Feb. on indebtedness 1 $46,400,000, of The System met reducing the funded . range Of Treasury bonds "fluctuated" within a Some nervousness over their level at the end of December. possibility of large-scale fighting on the Western Front in Europe in the next several weeks led to fairly heavy offerings by - out-of-town banks, but the New York City banks absorbed $154,000,000 of Treasury bonds in the last three weeks of the month and kept prices from having a bad break. The average yield on Treasury bonds not call¬ the able within 12 years increased in the month to 2.30%, and the 2.34% from yield on Treasury notes due in to 0.50% from 0.46%. average three to five years rose The details of Treasury bills sold on a discount basis are given in the f oll<ywing table: Bills Bills Offered Dated Amount the following amounts: Metro$3,710,000; New York Life, $2,500,000: Pru$2,500,000; Equitable Life, . $2,500,000; Northwestern Mutual, $1,500,000; Mutual Life, $1,000,000. Consolidated Edison purchased $1,290,000 of the issue to be pledged with the trustee of one of its own underlying issues. Proceeds of issue will be used to repay loans from the parent company and an affiliate. 3,750,000 Ohio Water Service Co.—An underwriting group headed by Coffin & Burr, Inc., offered on Jan. 12 at 103 and interest, a new issue of $3,750,000 first mortagge bonds, 4% series due 1964. Associated in the offering were: Halsey, Stuart & Co., Inc.; W. C. Langley & Co.; Stone & Webster and Blodget, Inc.; E. H. Rollins & Sons, Inc.; Graham, Parsons & Co., and Central Republic Co. sold to insurance comparfies in politan Life, 1,950,000 Terre Haute Water Works Corp.—The company on Jan. 10 placed privately with insurance companies an issue of $1,950,000 first mortgage bonds, series A, 3K%, due Nov. 1, 1964. Proceeds will be used to redeem outstanding first mortgage series A 6s, and series B 5s, called for payment Feb. 10. 1,400,000 Virginia Subscrip¬ Jan. 3 1940 5 1940 Jan. 10 1940 Jan. 12 1940 Jan. 17 1940 Jan. 19 1940 Jan. 24-1940 Jan. „ or. 3 1940 Au \ 10 1940 Apr. 17 1940 Apr. 24 1940 May 1 1940 31 1940 91 days $100,000,000 and tions 91 days 100,000,000 Public Service Generating Co.—The Securities Commission on Jan. 19 approved the issue Exchange 100,000,000 225.527.000 91 days 100.000.000 91 days 100,000,000 $1,400,000 4% first mortgage sinking fund bonds sold to Northwestern Mutual Life Insurance due 1959, to be Co. at par. $379,659,000 380,809,000 91 days , Life, dential and sale of Dec. 27 1939 26 1940 of Offering Mature Jan. Jan. company, a wholly-owned subsidiary of Co. of New York, Inc., it was announced on __J dne-point in January and ended the month about %-point below Prices Telegraph & Electrical Subway Co.—The Consolidated Edison Jan. 23, has sold $15,000,000 20-year 3X% debentures, due Jan. 1, 1960, at a price to yield 3.10%. Of the issue, $13,710,000 bonds were 15,000,000 Consolidated by $16,950,000 and leaving outstanding $186,- 725,000 of debentures. The First Boston Corp.; Harriman Ripley & Co., Inc.; Smith, Barney & Co.; E. W. Clark & Co.; Mellon Securities Corp.; Coffin & Burr, Inc., and Lehman Bros. _ » As principal underwriters, Morgan Stanley & Co., Inc., and Bonbright & Co., Inc., have agreed not to retain any underwriters' fee until it is finally determined by the Securities and Exchange Commission or by appeal from SEC ruling that they are free to receive such underwriters' fee. The question had been raised under Rule U-12F-2 of the Public Utility Holding Company Act of 1935. keted 1940, underwriting syndicate headed 2.97%. Credit banks mar¬ 18 the Federal Intermediate Jan. stock on a share-for-share 215,745.000 191,020,000 The SEC also notes to be approved the sale of $300,000 4% sold to Harris Trust & serial bank Savings Bank at par, and 3,300 shares ($100 par) common stock which it proposes to sell to Virginia Public Service Co. Generating company proposes to use the proceeds to be derived from the sale of these securities to purchase a plot of land from Public Service and to construct a generating plant on , To Redeem Bills Amount Subscrip¬ Maturing Average Yield Issue of— tions Accepted Price Dec. 27 1939 $579,659,000 $101,930,000 100.001* 5 1940 12 1940 19 1940 101,257,000 100,240.000 100,253,000 99.999c 0.001 %c 150,159,000 Jan. 26 1940 380,809,000 225,527,000 215,745,000 191,020,000 100.001a Jan. 100,044,000 99.999 0.004% 150,499,000 Offered Jan. Jan. • 100.001& Nil Nil Nil said Accepted bids were tendered at price slightly above par, the lowest accepted being tendered at 100.001,40% of amount tendered being accepted at that price. I Accepted bids were tendered at prices slightly above par and at par, 34% of amount tendered being accepted at par. e Accepted bids were tendered at prices slightly above par down to 99.999, the average price being fractionally under par, 63% of amount tendered at 99.999 dividends. NEW SECURITY ISSUES domestic market . , t , .... , proceeds from the sale of the preferred stock will be used the company's treasury for expendituresI for additions and betterments to its plant made to provide facilities necessitated by the growth and development of the company s Net to accepted. the facilities presently Jan. 4 of 35,000 shares of cumulative preferred stock $1.25 series, by an underwriting group headed by Bonbright & Co., Inc., and including Paine, Webber & Co. and Mitchum, Tully & Co. The shares were priced at $25.25 plus accrued All but $29,000,000 sold at this price; balance higher. In of land adjacent to generating operated by Public Service. 1,020,000 Toledo Edison Co.—Blyth & Co. and Graham, Parsons & Co., are distributing a block of 10,000 shares of $5 preferred stock at 102 through a group of selected dealers 883,750 Associated Telephone Co., Ltd.—Public offering was made a was plot owned and $100,548,000 100,198,000 150,279,000 reimburse business. IN JANUARY financing for new capital pur¬ 606,250 American Power & Light Co.—White, Weld & offered and sold 12,500 shares of $5 preferred stock a improved moderately in January, the total being the largest in a period of five months. Corporate refunding issues comprised the greater portion of the month's opera¬ share. Co. ha ye at $48.50 , poses tions, but in the aggregate the total month since October. was the smallest for was the substantial financing program undertaken by the American Gas & Electric Co. through a nation-wide underwriting any group Featuring of 104 investment firms. during the month also showed ous the month Municipal issues floated shrinkage over previ¬ some months, but the dearth of such issues worked to the advantage of the issuing governments through better prices obtained, together with an improved municipal bond market. Below we give the larger offerings placed in January: RAILROAD FINANCING $20,400,000 Chicago Rock Island & Pacific Ry.—Three bids were sub¬ mitted Jan. 23 for $20,400,000 2K% equipment trust certifi¬ cates. A group headed by Salomon Bros. & Hutzler and including Dick & Merle-Smith and Stroud & Co., Inc., sub¬ mitted the winning bid of 100.815. The certificates are due semi-annually from October, 1940 to October, 1947. It Is understood that two insurance companies and one bank purchased the bulk of the issue from Salomon Bros. & Hutzler and associates after the award was made. 7,600,000 Chesapeake & Ohio Ry.—Reoffering of a block of $7,600,000 ref. & impt. mtge. 3M% bonds, series F, due 1963, was made by Halsey, Stuart & Co., Inc., and Otis & Co. The bonds were priced at 105. These bonds are part of an issue of $30,000,000 3)4% bonds which houses in December, 1938. made at 101M- PUBLIC UTILITY $10,962,000 Pennsylvania Water & the C. & O. sold to these At that time public offering was FINANCING Power Co.—Public offering of $10,962,000 refunding mortgage and collateral trust bonds 3 H% series due Jan. 15, 1970 .was made Jan. 24 through an underwriting group headed by Wjhite, Weld & Co. The bonds were priced at 105 and accrued interest. Other bankers making the offering were: The First Boston Corp.; Minsch, Monell & Co., Inc.; Joseph W. Gross & Co.; Kidder, Peabody & Co.; Bonbright & Co., Inc.; Lee Higginson Corp. and Stone & Webster and Blodget, Inc. The issue has been oversubscribed. INDUSTRIAL AND MISCELLANEOUS FINANCING $11,000,000 Libby, McNeil & Libby—Glore, Forgan & Co. and an asso¬ ciated group of underwriters made public offering Jan. 17 of $11,000,000 first mortgage 15-year sinking fund 4% bonds at a price of 100 and accrued interest. The issue has been over¬ subscribed. Other members of underwriting group included: Harriman Ripley & Co., Inc.; Blyth & Co., Inc.; The First Boston Corp.; Lehman Brothers; Goldman, Sachs & Co.; Hayden, Stone & Co.; Hornblower & Weeks; Kidder, Peabody & Co.; hazard Freres & Co.; Lee Higginson Corp., and White Weld & Co. 6,498,000 Lockheed Aircraft Corp.—New financing undertaken Jan. 23 to provide capital expansion of manufacturing operations. Through an underwriting group of which Blyth & Co., Inc., and G. M.-P. Murphy & Co. were joint managers, public offering was made of 225,000 shares of common stock at $28.50 per share. It was announced that the offering was oversubscribed five times and the subscription books closed the day of offering. ' o«,ui. Other members of the underwriting group included. Smith, Barney & Co.; Hayden, Stone & Co.; Lee Higginson Corp.; White, Weld & Co.; Stern, Wampler & Co., Inc.; G. Brashears & Co.; Kidder, Peabody & Co.; Dominick & Dominick; Stone & Webster and Blodget, Inc.; Emanuel & Co.; W. E. Hutton & Co.; Whiting, Weeks & Stubbs, Inc.; Jackson & Curtis; Mitchum, Tully & Co.; Brush, Slocumb & Co. and ' , Sutro & Co. ■ ' 3,000,000 Vultee Aircraft, Inc.—The first public offering of shares of this company took place Jan. 10, when an underwriting group headed by Blyth & Co., Inc. and Emanuel & Co. placed on the market 300,000 shares of capital stock at $10 a share. 2,400,000 American Toll Bridge Co.—Company placed privately with the Equitable Life Assurance Society of the United States an issue of $2,400,000 1st mtge. 314% and due Dec. 1, 1945. Proceeds bonds, dated Dec. 1, 1939 will be used to retire the outstanding $2,800,000 1st mtge. 5^s of 1945, which have been called for payment Feb. 2, 1940, at 102>4 and interest. 1,400,000 Seiberling Rubber Co.—An underwriting group headed by E. H. Rollins & Sons, Inc., offered Jan. 9, 28,000 shares of of $2.50 cum. conv. prior preference stock at $50 per share. Other members of the underwriting group included: Central Republic Co.; A. O. Allyn & Co., Inc.; Hayden, Miller & Co.; L. 8. Carter A Co.. Inc.. and Schwabacher & Co. Stores—New financing for the company was out Jan. 30 with the offering by an underwriting headed by J. G. White & Co., Inc., of 50,000 shares of the company's common stock at a price of $9.50 a share. 475,000 Dixie-Home American Stove Co.—Dividend of 25c. group, 250,000 St. Anthony Oil Corp. (Calif.)—Norman B. Gourteney & Co., Los Angeles, offered 25,000 shares of common stock at par ($10 a share). r American Zinc, Lead & Smelting Co.—Dividend of $1.25 a share on the $5 prior preferred stock, payable Feb. 1. This will be the first distribution since Nov. 1, 1937 on the issue when $1.25 a share was also paid. " Arnold Constable Corp.—Dividend of 2Jc. a share on the $5 par, com¬ stock mon $20,050,000 Philadelphia, Pa., 3M% callable gas revenue trust certifi¬ cates, due semi-annually from 1940 to 1957, incl., purchased privately from the RFC at & price of 103 by Smith, Barney & Co. and Harriman Ripley & Co., Inc., both of N. Y. City. The bankers announced that the securities had been placed They were issued by the city in July, 1939 in privately. principal amount of $41,000,000 under the plan whereby the municipality assigned for a period of 18 years the annual income of $4,200,000 derived through leasing for private operation of the municipal gas works. The RFC subscribed for one-half of each maturity of the trust certificates or a total of $20,500,000, and the other half was taken by Philadelphia institutions. The amount purchased by the investment houses above represented the unmatured portion of the cer¬ tificates held by the Federal agency. • *5,500,000 Los Angeles, Calif., Department of Water and Power water¬ works refunding revenue bonds awarded to a syndicate headed by the First Boston Corp., New York, as 2Ms and 3M|, at par, or a net interest cost of about 2.81%. Due serially from 1943 to 1959, incl., and reoffered to yield from 1.25% to 3%, according to coupon rate and date of maturity. paid Jan. 25, last and compared with Dec. 29, 1939.to*** was dis-tributed MUNICIPAL FINANCING a share on the common stock, This-compares with 20c. a share paid on Dec. 27. last. payable Feb. 1. carried ■ 13 MONTHLY REVIEW FEB., 1940] on 12&c. share a Atlantic Rayon Corp.—Dividend of 10c. a share on the $1 par, common stock, payable March 1. This will be the first dividend paid by this company since Sept. 1, 1937, at of the Franklin Rayon Corp. which time the company bore the title Bankers National Investing Corp. (Del.)—Dividend on the class A and B shares increased from 8c. a share to 10c. a share and became payable on Jan. 31, last. . . Bendix Aviation Corp.—Dividend of 50c. a share on the common stocS*. payable March 1. This compares with $1 paid on Dec. 11, last, and 25c. on Sept. 1 and on June 1, last. , Best & Co.—Extra dividend of 25c. aTshare and 40c. a sharejwere paid Jan. 26 on the common quarterly^of regular a stock. Baltimore American Insurance Co.—Extra dividend of 10c. a a share and regular semi-annual dividend of similar amount on the $5 par, capital stock, both payableJFeb. 15. Beverly Gas &1ElectricTCo.—Dividend of $1 a share was paid Jan. 13 on the common stock and compares with 75c. a share distributed on Oct. 14 and July 14,1939. Biltmore Hats, Ltd.—Extra dividend of 15c. a share and a regular semi¬ annual dividend of 25c. a share on the common stock were paid on Jan. 25, last. 5,000,000 Mississippi (State of) 3 H % highway, third series, bonds sold by the RFC to John Nuveen & Co. of Chicago and associates, at 105.11, a basis of about 3% • Due $500,000 each six months from 1950 to 1954, incl, Reoffered to yield from 2.60% to 3 %, according to maturity. 3,500,000 Minnesota (State of) rural credit certificates of Indebtednessdue $1,500,000 in 1949 and $2,000,000 in 1950, sold to an account headed by Lehman Bros, of New York as l%e at 100.0799, a basis of about 1.74%. The maturities were priced by the bankers to yield 1.60% and 1.65%, respectively. < Bonwit Teller, Inc.—Dividend of 60c. a share on the common stock was paid on Jan. 24 and compares with a previous dividend of 25c. a share distributed on Jan. 24, 1939. Bower Roller Bearing Co.—Dividend of 75c. a share on the $5 par common stock payable March 20. Dividends of 50c. a share were paid in each of 3,350,000 Grays Harbor Public Utility District No. 1, Wash., 4H% electric revenue bonds, due serially from 1942 to 1960, incl., and callable prior to maturity; sold at a price of par to John Nuveen & Co. of Chicago and associates. Boss Manufacturing Co.—Dividend of $2 a share on the $100 par common stock, payable Feb. 26. the five preceding quarters. ' Brager-Eisenberg, Inc.—Dividend of $2.50 a share was paid Jan. 22. on the common stock and compares with $1.60 a share distributed,on this stock on Jan. 30, 1939. ■ Bullock's, Inc.—Dividend of $1.50 a share Was'paid Jan. 26, last, on the common stock, and compares|withl50c.. a share distributed on Dec. 1, 2,650,000 Georgia (State of) 2 % highway refunding bonds purchased by —' ' < ' / — ^ the-"Trust ee.-of-Georgia and associates-at lOLTSva-basisofi —4939. : Central Investors Corp.—Dividend on" the 50c. par, common stock about 1.83%. The bonds mature March 15, 1947 and were . increased from 5c. a share to 10c. a share and become reoffered to yield 1.50%. 2,200,000 Clifton, N. J., 3M% general refunding bonds purchased by an managed by B. J. Van Ingen & Co., Inc., New account York. Due annually from 1956 to 1964, incl. A block of $976,000 bonds due from 1960 to 1963, incl., were reoffered to yield 3.50%. 2,200,000 Syracuse, N. Y., bonds sold to an account headed by the Bankers Trust Co., New York, as 1.20s, at 100.089, a basis of about 1.18%. Due serially from 1941 to 1950,/incl. Re¬ offered to yield from 0.20% to 1.35%, according to ipaturity. 2,100,000 Minneapolis, Minn., bonds awarded to Phelps, Fenn & Co., Inc., New York, and associates, as follows: $1,370,000 public and work relief and storm drain issues, due from 1941 to 1950, incl., sold as 1.80s at 100.22, a basis of about 1.76%. Re¬ offered to yield from 0.30% to 1.85%, according to maturity. An issue of $730,000 refunding bonds, also due from 1941 to 1950, incl., sold as lMs, at 100.03, a basis of about 1.74%. 1,892,000 Trenton, N. J., bonds awarded to a syndicate headed by th© First National Bank of New York as 3s at 100.449, a basis of about 2.96%. Due serially from 1941 to 1970, incl. Re¬ offered from a yield of 0.75% for the 1941 maturity to 1970, incl., maturities. a price of 99.50 for the 1968 to 1,770,000 Buffalo, N. Y., bonds awarded to a syndicate headed by Halsey, Stuart & Co., Inc., New York, as 2s, at 100.115, a basis of about 1.98%. Due from 1941 to 1960, incl., and reoffdred to yield from 0.35% to 2.30%, according to date of maturity. 1,700,000 Vermont (State of) storm notes, due from 1942 to 1945, incl., purchased by Lazard Freres & Co., New York, as 0.50s, at 100.03, a basis of about 0.49%. Reoffered to yield from 0.15% to 0.70%, according to maturity. 1,504,000 Rochester, N. Y., public welfare bonds sold to Adams, McEntee & Co., Inc., New York, as 1.20s at 100.386, a basis of about 1.13%. Due from 1941 to 1950, incl., and reoffered to yield from 0.20% to 1.30%, according to maturity. 1,370,000 Maryland (State of) certificates of indebtedness, due from 1943 to 1955, incl., awarded to an account headed by the Bankers Trust Co. of New York as lHs at 101.748, a basis of about 1.30%. Reoffered to yield from 0.50% to 1.40%, according to maturity. 1,115,000 Schenectady, N. Y., bonds purchased by the Chemical Bank & Trust Co. and L. F. Rothschild & Co., both of New York, jointly, as lHs at 100.57, a basis of about 1.43%. Due from 1941 to 1955, incl., and reoffered to yield from 0.20% to 1.50%, according to maturity. 1,000,000 West Virginia (State of) road bonds awarded to an account headed by Lehman Bros., New York, as lMs, at 100.449, a basis of about 1.71%. Due annually from 1940 to 1964, incl. Reoffered to yield from 0.15% to 1.85%, according to maturity. DIVIDEND CHANGES IN JANUARY Dividend declarations in January were largely of a favor¬ able nature. The following list, divided into two sections* namely, "Favorable Changes" and * 'U nfa v or able Changes,'' gives the more important of the changes: FAVORABLE Abraham & Straus, on the no CHANGES Oct. 25, last. common March stock increased from 30c. a share to 40c. a on the share, no par payable 1. common Corp.—Extra dividend of 20c. quarterly dividend of 40c. Feb. 15. a share in the $20 par, share on a stock, bothlpayable Chain Store Real Estate Trust—Extra dividend of 20c. Coca-Cola Bottling of St. Co. share and a a both payable regular quarterly of like amount on the common stock, Feb. 1. Louis—Extra of 25c. and a regular quarterly dividend of similar amount were paid Jan. 20 on the common stock. Collins & Aikman Corp.—Extra dividend of $1.75 a share and a dividend of 25c. a share on the common stock, both payable Feb. 20. Columbia Pictures Corp.—Regular quarterly dividend of 685£c. a share and 34Mc. a share, the latter on account of accruals on the $2.75 preferred stock, both payable Feb. 15. The above distributions will bring the dividends on this issue up to date. Conduits National Co., Ltd.—Dividend on the common stock increased from 10c. a share to 25c. a share, payable Feb. 1. Corporate Investors, Ltd.—Extra dividend of 2c. a share in addition to two regular quarterly dividends of 5c. a share on the class A common stock. One quarterly dividend is payable on FetfT 15 and the extra and other regular quarterly dividend on May 15 next. Cosmos Imperial Mills, increased from 25c. a Ltd.—Dividend share to 30c. a on the no par common share, payable Feb. 15. ' stock - ^ Brewing Co.—Dividend resumed on the common stock by th payment of 10c. a share on Jan. 31. A like amount was previously paid on Dec. 22, 1937. Cremo Dan Cohen Co.—Dividend on the common stock resumed by the payment of 25c. a share on Jan. 5. The last previous dividend was of like amount and was distributed on Oct. 1, 1937. Delaware on the Rayon class Corp.—Dividend of 80c. A stock. Eaton a Mfg. a share The last previous payment 1937. amounted to 25c. a was paid Jan. made Dec. on 29 16, share. Co.—Dividend on the common stock increased from 50c. share to 75c. a share, payable Feb. 23. Eddy Paper Co.—A dividend of 50c. a share was paid Dec. 28, 1939 on the common stock (not 25c. a share asTerroneously reported in our issue of Jan. 4, 1940, page 14). A distribution of 20c. a share was made on March 31, 1938 on the above stock. Ely & Walker Dry Goods Co.—Extra dividend of 50c. a share on the no par common stock was paid on Jan. 15, last.etln addition, the quarterly dividend on this issue was increased from 12He. a share to 25c. a share and|becomes payable on March 1, next. Equitable Fire Insurance Co. (Charleston, S. C.)—Extra dividend of 20c. a share and a regular semi-annual dividend of 50c. a share on the $10 par, common stock, both were paid on Jan. 2. Fairbanks, Morse & Co.—Extra^dividend of 25c. a share and a regular quarterly dividend of like amount both on the no par, common stock, payable March 1. On Jan. 27, last, a special dividend of 50c. a share was distributed on this issue. Federated Department Stores, Inc.—Dividend of 50c. a share was paid Jan. 30 on the no par common stock and compares with regular quar¬ terly dividends of 25c. a share paid during 1939. Franklin Fire Insurance Co.—Extra dividend of 20c. a share and a semi¬ annual dividend of 50c. a share on the $5 par, common stock, both payable Feb. 1, Extras of 10c. and regular quarterly dividends of 25c. a share were paid on Nov. 1, last, and in preceding quarters. Georgia Howe Insurance Co. (Columbus, Ga.)—Extra dividend of 15c. a share and a regular semi-annual dividend of 50c. a share on the $10 par, capital stock, both payable Feb, 1. German Credit and Investment Corp.—Dividend of 75c. per cer¬ tificate on the 25% allotment certificates was paid on Jan. 26, last, 1, 1939. Great Atlantic & Pacific Tea Co.—Dividend of $3.50 a share on the'no par, common stock, payable Feb. 16. This compares with $1.50 a share on Dec. 1, Sept. 1 and June 1, last. Great Lakes Dredge & Dock Co.—Dividend on the common stock in¬ creased from 25c. a share to 50c. a share, payable Feb. 15. jHI (H. L.) Green Co.—Extra dividend of 50c. Akron Brass Mfg. Co., Inc.—Dividend of 25c. a share stock, payable Feb. 20. Dividends of 50c. were paid and 20c. on Oct. 25, last. \ on on the common Dec. 1, last, ' ' Allied Kid Co.—Dividend on the common stock increased from 1214c a share to 20c. a share, payable Feb. 15. AU-Penn Oil & Gas Co.—Dividend of five cents a share was paid Jan. 15, last on the common stock, the first since Oct. 15,1938, when a similar amount was distributed. American Metal Central Surety & Insurance paid Agnew-Surpass Shoe Stores, Ltd.-—Semi-annual dividend Jan. 20, , Steel fProductslCo.—Dividend on the $1 par common stock increased from 25c. a share to 30c. a share, payable March 1. and compares with 40c. paid on Aug. Inc.—Dividend of $1.50 a share was paid Jan. 25 This compared with 50c. a share paid on par common stock. on • Ohio addition to the regular 2,200,000 South Dakota (State of) rural credit refunding bonds pub¬ licly offered Jan. 3 by Lehman Bros, of New York and asso¬ ciates, at prices to yield from 2.50% to 2.75%, according to maturity. Due serially from 1950 to 1959, incl. This offer¬ ing marked the first step in the proposed refinancing of $20,425,000 of the outstanding rural credit debt. Additional purchases of new securities will be made by the banking group provided that it can arrange for simultaneous surrender to the State for cancellation of equal principal amounts of exist¬ ing rural credit bonds. payable last. Central Co., Ltd.—Dividend of 50c. stock, payable Feb. 1. 27, last. American A distribution of 25c. share on the common share was made on Dec. a a Reinsurance Co.—Extra dividend of 10c. a share and a regular quarterly of 40c. a share on the common stock, both payable Feb. 15. American Steel Foundries Co.—Dividend of 25c. a share on the common stock, payable March 30. This will be the first paid on this issue since March 31, 1938 when 25c. a share was also distributed. a share and a regular quarterly of like amount on the $1 par, common stock, were paid on Jan, 18. last. (C. M.) Hall Lamp Co.—Dividend of 30c. on the new a share was paid Jan. 25, last*, $5 par common stock. Last previous distribution amounted and was paid on the old no par stock on Dec. 30, 1938. to 10c. a share Heyden Chemical Co.—Special dividend of 25c. dividend fo 50c. a share on a share and a quarterly payable the $10 par, common stock, both March 1. Previously regular quarterly dividends of 40c. a share were distributed. Holland-American Line—Year-end dividend of 8% declared with a previous year-end dividend declaration of 5%. and com- mpares Home Insurance Co.—Extra dividend of 20c. a share and a semi-annual dividend of 60c. a share on the common stock, both payable Feb. 1. Previously an extra of 10c. a share and a regular quarterly of 30c. a share paid on Nov. 1, Aug. 1 and May 1, 1939. were (Geo. A.) Hormel & Co.—Dividend on the common stock increased from 37Mc. a share to 50c. a share, payable Feb. 15. v MONTHLY REVIEW 14 Institutional Securities, Ltd.—Initial dividend Aviation Group shares, payable March 1. of 20c. a share on the Jefferson Standard Life Insurance Co.—Semi-annual dividend on the common stock increased from 50c. a share to 75c. a share and became Kennedy's, Inc.—Dividend of 65c. a share was paid Jan. 20, last, on the common stock. This compares with 20c. a share distributed on Nov. 25, last. (S. S.) Kresge Co.—Extra dividend of 15c. a share and a regular quarterly dividend of 30c. a share on the common stock, both payable March 13, The directors also declared the regular quarterly dividend of 30c. pay¬ 13, June and next. dividend of 20c. a share of 30c. a share on the common stock, National Life Insurance Co.—Extra Lincoln regular quarterly dividend payable Feb. 1. a both Stores, Inc.—Extra dividend of Lincoln stock common Jan. 26. on Corp.—Extra dividend of 50c. a share and a quarterly dividend share on the common stock, both payable Feb. 29. McLellan Stores Co.—Dividend qf 40c. a share on the common stock, was paid on Jan. 25, last, and compares with 20c. a share distributed on of 12}4c. a 1, last. / v Meier & Frank Co., quarterly of 15c. 29, last. a Assurance Corp. 2. (Colo.)—Dividend of 15 7-10c. a share on A distribution of lHc. a share was stock, both payable Feb. common Nation-Wide Securities Co. the stock, payable Feb. 1. common paid Dec. 23, last. on Naumkeag Steam Cotton Co.—Dividend of 8 the on 75c. 50c. a share was paid Jan. The last previous distribution amounted to stock. common 25, 1938. share and was made on Nov. a of $1.25 a share was paid Jan. 27 on several years. dividend of 15c. a share and share were paid on Feb.. 1. New Bedford Rayon Co.—Dividend the class A stock, the first paid in New Brunswick Fire Insurance Co.—Extra a semi-annual dividend of 75c. a Colony Investment Trust—Distribution on the common stock in¬ a share to 25c. a share and became payable on Jan. X.—I'— ; .' '/• Outlet Co.—Extra dividend of 50*c. a share and~a quarterly dividend of 75c. a share on the common stock, both became payable on Jan. 25, last. Old creased from 20c. - these issues on Nov. 15, last. Inc.—Dividend of 20c. a share was declared payable and compares with 30c. a share distributed Records, Decca Feb. 27 on the common stock and April, 1939. in August Oahu Railway & Land Co.—Dividend on the common stock reduced 15c a share to 10c. a share and became payable on Jan. 15, last. Service Corp. of N. J.—Dividend of 60c. a share common stock, payable March 29. This compares with Public Sept. 30, last. Ltd.—Dividend on the $8 par common stock 20c. a share, and became payable Jan. 15. Southeastern Greyhound Lines—Dividend on the common stock re¬ duced from 50c. a share to 37Hc. a share and became payable on Jan. 31. distributed on Dec. 20 and on Carlos Milling Co., COURSE OF THE STOCK MARKET DURING JANUARY, 1940 in stocks were still groping in and speculators Investors clue to tlie course of business in this country under war-time conditions in Europe and the Far East. As they groped they left the stock market, for the most part, severely alone, The stalemate in the market thatr has existed since the middle of September remained unbroken. While the relative stability of stock prices indi¬ cated that no acute slump in business activity was expected, January it find to that the investing and specu¬ unconvinced that business reasonably prosperous level under a regime evident, nevertheless, was remained communities lative could hold to of a a share on the $5 preference stock, of $1 a share was paid on Dec. 1, last, being the first paid since March 1, 1938. Panhandle Eastern Pipe Line Co.:—Special year-end dividend of $1.50 a share was paid on the no par common stock, Jan. 31, last and compares $1.25 a Penn Traffic Co.—Extra dividend of 7He. a share and a dividend annual of like amount the common stock on Jan. 25, last. regular semi¬ paid on were • Pepperell Mfg. Co.—Dividend of $3 a share on the capital stock, par $100, payable Feb. 15. Dividends of $2 were distributed on Aug. 15 and Feb. 1939. 15, . Portland Gas Light Co.—Dividend on the $6 cumulative preferred stock $1 a share and become value increased from 75c. a share to payable on Jan. 15, last. of no par Pressed Metals of America, Inc.—Dividend of 25c. a share on the com¬ mon stock for the current quarter, payable March 1. This will be the first to be distributed since Dec.20,1937 at which time a regular quarterly of 50c. a share was paid. 1. 1938 and 85c. a share on the class B stock of no par value, a A distribution of $1 a share share on June 30, 1936. was made on July 15, Rath Packing Co.—Stock dividend of 66 2-3% on the common stock, payable on Feb. &. This distribution will bring the company's issued capital to $8,000,000, including $3,000,000 in preferred stock. Co.—Dividend of 15c. a share on the common payable Feb. 1. A special of 25c. a share was paid on Dec. 29, a regular quarterly of 10c. on Nov. 1, last. Reliance Manufacturing stock, last, and resumed on the common stock with Jan. 22, last, the first paid since July 15, Rice-Stix Dry Goods Co.—Dividend the payment of 50c. a share on a share was distributed. 1937 when 25c. Rich's, Inc.—Extra dividend of 50c. common share was paid Jan. 25, last on the a stock. Rike-Kumler Co.—Dividend on the common stock of no par value in¬ creased from 50c. a share to $1 a share and was Rolland Paper Co.—Dividend on the common a share to 15c. a share, payable Feb. 15. paid on Jan. 23. stock increased from 12c. Scotten Dillon Co.—Dividend a share to 50c. a on the $10 par, common stock share, payable Feb. increased 15. Southern California Edison Co., Ltd.—Special dividend of 40c. a share and a regular quarterly of 37He. a share on the common stock, both payable Feb. 15. Southern Pipe Line Co.—Dividend from 15c. a share to 25c. on the $10 par, capital stock increased share, payable March 1. a Springfield Gas Light Co.—Dividend from 25c. a share to 30c. a on the common stock increased share and became payable on Jan. 15. Standard Dredging Corp.—Special dividend of 10c. a share on the com¬ mon stock, payable March 1. Previously a distribution of 40c. a share was made on Dec. 1, 1937. (A.) Stein & Co.—Dividend 20c a share to 25c. a on the no par, common stock increased from share, payable Feb. 15. Swan-Finch Oil Corp.—Dividend on the common stock resumed by the declaration of 20c. a share, payable Feb. 15. The last previous payment amounted to 25c. a share and was made on June 25, 1937. Triumph Explosives, Inc.—Extra dividend of 2He. a share and a regular quarterly of 5c. a share were paid Feb. 1, 1940 on the capital stock. Union Storage Co.<—Dividend of 25c. stock, payable Feb. 10. This will a share declared on the common be the first dividend to be paid in several years. United Shoe Machinery Corp.—Special dividend of $1.50 common was stock, payable Feb. 14. on Jan. 5, last, A regular quarterly a share on the of 62He. a share distributed United States Pipe & Foundry Co.—Four dividends of 50c. each on the outstanding common stock were declared payable March 20, June 20, Sept. 20, and Dec. 20, respectively. United States Plywood Corp.—Dividend of 30c. stock a share was paid on Jan. 31, last. The last previous 12 He. a share and was made on April 25, 1938. on the common payment totaled Vanadium Alloys Steel Co.—Dividend of 75c. a share on the common stock, payable March 2. This compares with 50c. distributed on Dec. 2, last, and 25c. a share on Sept. 2 and on June 2, last. (Raphael) Weill & Co.—Extra annual dividend of $3 a share dividend of $5 a share and a regular paid Jan. 20 on the $100 par, common were Westinghouse Electric & Mfg. Co.—Dividend of 87He. a share on the $50 par, common stock payable Feb. 29. This compares with $1 on Dec. 22, last, and 75c. a share paid on Nov. 29 and Aug. 31, last. (H. F.) Wilcox Oil & Gas Co.—Dividend on the common stock resumed by the declaration of 10c. a share, payable Feb. 15. The last previous payment amounted to 25c. a share and was made on May 10, 1928. Woodall market in the month Industries, Inc.—Dividend the common stock resumed with the payment of 10c. a share on Jan. 30. last. The last previous pavment amounted to 25c. a share and was made on Sept. 15, 1937. on a January during fixed was did to trade. extreme dulness in the market habit, inactivity in the stock exceptional. On only two days amount to as much as turnover For the entire month dealings aggregated shares, making it the poorest month for turnover since last August and the leanest January since 1922. Bond turnover was in an even worse case, the pace 1,000,000 shares. 15,990,005 of being the slowest since dealings the total was The December 1918. 17,773,413, while for January, 1939, 25,182,350 shares. Transactions in the bond stocks in volume was department of the New York Stock Exchange amounted to value as against $159,011,000 in Janu$106,790,500 in January, 1918. the previ¬ only $144,917,000 par 1939, try, ous and low. direction the for of prices, it can be said that the toward higher levels in the first few days of the new year. The index of 50 industrial and railroad stocks compiled by the New York "Times" stood at 111.78 on Jan. 3, the highest level since last October. At that tendency was weakness appeared which in the drove the index downward however, point, second month the of week rather abruptly to the 104.69 level on Jan. 15, a new low since early September. After a quick rebound of about 2 points at that time, the stock index moved in a narrow range until the month end, with the closing level, at 106.44, off 3.56 Thus all but 0.10 point of the December points net. of 3.66 points was On were lost. basis, the 25 rail stocks in the index than the 25 industrials, as the former yielded percentage a weaker The industrial groups which proved railroad equip¬ The greatest resistance was shown by the aircraft stocks, the foods, and utilities. The foods and utilities, indeed, closed with slight gains on the average, and the oils failed by only a slim margin to register f a gain. The plight of the stock market was manifested not alone in the very low trading volume. In the first quarter of 1937, when industrial production was no higher than in the first month of the present year, the stock index was approximately 35 points above its level at the end of Janu¬ ary. Three years ago stock volume amounted to 58,671,416 shares as against 15,990,665 last month, and bond volume was $342,687,000 compared with $1^4,917,000. In part, this lower level of prices and spiritless trading reflects uncer¬ tainty over the outlook for business. It was evident as January progressed that the very high level of industrial production in the last quarter of 1939 was enjoyed to a good extent at the expense of business that would normally have developed in the first quarter of 1940. The index of industrial output compiled by the Federal Reserve Board rose to 128 in December, the highest level ever reached, 2 points above the 1929 high. Signs multiplied in January of a slackening of the industrial pace. Steel mill operations dropped to 77.3% of capacity at the close of January from 94.4% in the beginning of December, with new bookings at the month-end running at the rate of only 50% of pro¬ ductive capacity. While automobile output showed the 5% and the latter ments and 3%. in January were the steels, most vulnerable smallest stock. but all become advance Royal Typewriter Co.—Dividend of $1 a share was paid on the common stock, on Jan. 15, last and compared with four quarterly dividends of 76c. a share distributed during 1939. from 40c. Even in these" times, when has As Randall Co.—Dividend of 25c. payable Feb. j only 1939. with 50c. paid on Nov. 10, business at home and governmental antagonism toward 24, last, Oxford Paper Co.—Dividend of payable March 1. A dividend from share on the 65c. a share decreased from 50c. a share to Inc.—Extra dividend of 25c. a share and a regular share on the common stock, both were paid on Jan. of N. Y.—Extra dividend of 25c. a regular semi-annual dividend of 75c. a share on the $12 H. Merchants Fire share and a on Chicago Mail Order Co.—No action taken with regard to the dividend normally payable on March 1 on the $5 par, common stock. A regular quarterly dividend of 25c. a share was paid on Dec. 1, last. San Mfg. Co.—Dividend of $5 a share on the preferred stock, payable March 1. This will be the first dividend paid since March 1931, when $2.50 a share was distributed. Merrimack ' UNFAVORABLE CHANGES Corp.—Dividend of 50c. a share on the common stock, payable Feb. 2. Regular semi-annual dividends of 70c. a share were paid on Aug. 1, and Feb. 3, 1939. Associated Telephone & Telegraph Co{—Dividend of 28c. a share on the 7 % 1st preferred stock and 24c. a share on the $6 1st preferred stock payable Feb. 15. Dividends of 49c. and 42c. respectively were paid 25c. a share was paid on the Lionel Nov. stock, payable Feb. sine© 1923 Amerex Holding payable Jan. 26. able Knitting Mills, Ltd.—Dividend of 20c. a share on the common 15. This will be the first paid on the common shares York manufacturing issues. decline four years, car from loadings December were awards in the first three weeks of in the year and mortgage by the Federal downturn sharp below in to lower. January in the last Construction contract January were 21% lower applications selected for appraisal Housing Administration were lower. industrial activity has The been accompanied by a downturn in commodity prices, with wheat falling $1.00 a bushel again, cotton giving up a good part steel all yielding ground The steadiness of the market gave reason to believe that investors did not look for a major slump in business, but on the other hand, it was obvious that few speculators were willing to gamble on a quick recovery of the ground lost by business. zinc, lead, tin and The backwardness certain . scrap the of stock mirrored also a market market community that the Administration would ever try to meet the con¬ ditions necessary for-a business recovery. The continua¬ tion of public spending, though on a reduced scale; the feeling of hopelessness official 'recommendation of the in In the bond market recovery silk, hides, rubber, of its gains late last year, and hogs, raw copper, 15 MONTHLY REVIEW Feb., 1940] the jocular atti tude of the President toward the third-term issue, and the meddling of the Securities and Exchange Commission with marked the course of high- grade corporate bonds early in January, moving the average rating of Aaa bonds as computed by Moody's Investors Service by one-half high previous declines in point to a new high peak since the in July last. Subsequent a level established utilities cut into former thereby reduced the average price at the month's end. Lesser-grade bonds ad¬ vanced more than a point the first week of January, but later reversed the trend. Municipal obligations likewise showed progress the first 10 days of the month, but closing levels best-grade rails and one-quarter of a point, and gains by were higher taxes; bit a shaded. THE MONEY MARKET As JANUARY DURING opened at 30% Jan. 2, advanced to 32% Jan. 31, closing General Electric opened at 40% Jan. 1, moved ahead to 41 on Jan. 2, and closed the month lower at 37%. of January brought another large increase in excess member bank reserves which on Jan. 24 reached the unprecedented total of $5,590,000,000, and were $5,560,000,000 on Jan. 31. The previous high for this figure was attained on Oct. 25, 1939, when the total was $5,530,000,000. As heretofore, continued heavy arrivals of gold from abroad, and the further reduc¬ tion in Treasury cash balances through the excess of Gov¬ ernment disbursements over receipts, played an important part in enhancing the reserve position, but in addition, a major factor was the seasonal retirement of currency from circulation, the amount of which, for the five weeks ended United Jan. Jan. the current month the capital market in the cause of competitive bidding have all conspired to make securities trading relatively less attractive than in former years. As to the fluctuations in individual stocks, Allied Chemi¬ cal & Dye declined from 179 Jan. 3 to 171 % Jan. 30, with the close Jan. 31 at 172%. American Tel. & Tel. moved down from 172% Jan. 5 to 167% Jan. 15, closing with some 31 at 170%. Consolidated Edison Co. of N. Y. recovery Jan. unchanged. States Steel slumped from 66% Jan. 2 to 55% 22, closing Jan. 31 at 56%. Steel preferred also weak¬ ened, selling off from 117% Jan. 2 to 115% Jan. 22, although showing subsequent recovery Jan. 31 at 117%. Westinghouse Elec. & Mfg. opened Jan. 2 at 116%, rose to 118 31 be to was reached the month foreseen, total a of is to be anticipated, rency neutralized through Although during $287,000,000. reversal seasonal a the flow of in cur¬ this factor appears likely to be further heavy Treasury disbursements and foreign gold accessions. Government financing during Jan. 4, slipped back to 105% 108%. ; In the January was limited to Treasury bill issues totaling $500,Jan. 15, and closed Jan. 31 at li§t Atchison Topeka & Santa Fe JXKUKK) as agamsb-bill-nmturitiGs4ii--tlie-aggFegate •sum-of- railroad fleclined'froxn 25% Jilfr. 3 to 22% Jan. "22, recovering Jan. 31 $650,000,000. to Baltimore & Ohio receded from 6% Jan. 2 to 5% 22, the closing Jan. 31 being slightly higher at 5%. Chesapeake & Ohio moved down from 42% Jan. 8 to 39 but Jan. for 23%. Jan. 19, to show Delaware York & fractional Hudson Central reached its 16. 12% 23% Jan. Jan. 31 at 39%. 3, top its low point of the month at improvement touched dipped to 18% 30, closing the month slightly better at 18%. New Jan. on Southern Jan. 15, Pacific with figure Jan. 3 at 18% and Jan. 22 at 15%, closing Jan. 31 down moved close the from 31 Jan. 15% Jan. 3 to 12%. at Northern for bank the the at 93%, following table current and month foreign in government indicate we the the active more fluctuations domestic for corporate bonds: Foreign Bonds Opening Closing Price Lowest Argentine Nation 4%s Australia 5s 1948 94% 94 1955 84 1955 Brazil 8s 1941 Highest 88% Jan. Belgium 6s Canada (Dominion) 4s 1960 Colombia 6s .Oct 1961 Denmark 6s 1942 Finland 6s. 2 Jan. 95% Jan. 12 2 91 Jan. 25 95 Jan. 8 23 Jan. 25 2 17% Jan. 9 27% Jan. 16 4 30 2 63% 43% 69% 63 Jan. 6 40 Jan. 2 70^ 69% Jan. 9 79 % 77% Jan. 25 1952 48 Jan. 25 1965 52% 72% 61 % Jan. 18 1940 24 21 % Jan. 16 San Paulo 7s 31 % Jan. 67% Jan. /6 Jan. 72 10 Jan. 3 82% Jan. 53% Jan. 73% Jan. 11 34 Jan. 27 64% Jan. 109^ Jan. 5 3 13 Railroad and Industrial Bonds 63 % 108 % 61 Jan. 12 108 Jan. 26 106 Bait & Ohio RR conv 4^8. .I960 Bethlehem Steel 3^s debs..1952 Boston A Maine 5s 1967 104% Jan. 12 108 Vg 4 15 18% Jan. 4 19 107% Jan. 105% 15% 106% 41 % Jan. 15 15 107^ 44 K Jan. 48 3 4 Jan. 85% 88% Jan. 30 87% Jan. 20 24 28% Jan. 6 27% Jan. 24 Com'wealth Edison deb 3^8.1958 128^ 62% 17H 1943 Erie RR 5s 1967 Great Northern RR 4s ser G.1946 125 Jan. 15 130 3 15 63% Jan. 3 14% Jan. 22 18 Jan. 3 99% Jan. 103 Jan. 58% Jan. 17 104 Jan. 3 14% 100% 76% Jan. 46% Jan. 5 75% Interboro Rapid Transit 5s.. 1966 Internat Tel & Tel deb 5s...1955 Manhattan Ry consol 4s 1990 74 % 74% Jan. 43% 78H 42 Mo-Kan-Texas 5s 19 ser A 1962 Missouri Pacific 5s 1977 N Y Central 4%b A 2 Jan. 15 78% Jan. 15% Jan. 2 19 60 5 43% Jan. 24 80% 19% Jan. 2 16% 82 14% 18^ Jan. 24 51 % Jan. 22 56% Jan. 3 52 67 % 53% Jan 22 59% Jan. 3 53% 57% 80% 1960 13% Jan. 55 .1.2013 N Y Chic & St L 4^s C....1978 Northern Pacific 6s 2047 Portland Gen Elec 4^8 Postal Tel & Cable 5s 46% 85% 26% 127% 53 Jan. 19 60% Jan. 4 55 67% Jan. 24 12 81% Jan. 5 18 17% Jan. 15 19% Jan. 24 18% 95 15 96% Jan. 10 96 3 Jan. 48% 45% Jan. 15 61 57 Jan. 23 50% Jan. 61% Jan. 14% Southern Ry 4s 1956 Third Ave adj income 5s....I960 13^ Jan. 15 15% Jan. 3 72% 45% 57% 15 VOLUME OF BUSINESS ON THE STOCK EXCHANGE Month of January 1940 Stock sales—No. of shares 1939 15,990,665 1938 25,182,350 Bond sales (par value)— Railroad and miscellaneous $120,903,000 $131,490,000 Foreign government...... 20,254,000 20,540,000 United States Government Total bond sales 3,760,000 Month of January ON THE 1940 Stock sales—No. of shares.. Bond sales (par value)— Foreign government Foreign oorporate.. 1937 58,671,416 $128,981,000 $267,568,000 20,576,000 49,481,000 16,353,000 25,638,000 $144,917,000 $159,611,000 $165,910,000 $342,687,000 VOLUME OF BUSINESS Domestic 7,581,000 24,151,931 CURB EXCHANGE 1939 1938 1937 3,221,766 4,357,245 4,174,779 19,529,347 $39,492,000 325,000 ... $41,168,000 $25,851,000 538,000 $56,354,000 420,000 433,000 432,000 621,000 1,995,000 $40,250,000 $42,020,000 $27,010,000 $60,089,000 ... the gold total early, part the of the month caused by the mild reaction developed during the latter part of the period, reflecting scattered fears of intensification of the European war and result¬ ing repercussions in this country. Average yields on threeto five-year Treasury notes stiffened from 0.46% Dec. 30 an early to 0.50% Jan. 30, those on longer term Treasury bonds from 2.30% to 2.34%, while average yields on 91-day Treasury bills receded from 0.007% to 0.004%. On the Stock Ex¬ change the rate for call loans continued unchanged at 1%. CALL LOAN RATES ON THE NEW YORK STOCK EXCHANGE LOW High Renewal Low Jan.17... High 1 Renewal 1 1 Jan. 1... Jan. 2... 1 1 1 Jan.18... 1 1 1 Jan. 3... 1 1 1 Jan.19.__ 1 1 1 Jan. 4... 1 1 1 Jan.20... 1 1 1 Jan. 6... Jan. 7... Jan. Holiday 5... Jan. 8... Jan. 21... 1 1 Jan.23... 1 1 1 Jan.24 1 1 1 Jan.22 Saturday Sunday 1 Saturday Sunday I 1 Jan. 9... 1 Jan.25... 1 Jan. 10... 1 1 1 Jan.26... 1 Jan. 11... 1 1 1 Jan.27... 1 1 1 Jan.28... 1 1 1 1 1 1 1 Saturday Jan. 12... Jan. 13... Saturday Jan.29... 1 1 1 Jan. 14... Sunday Jan.30... 1 1 1 Jan. 15... Jan.31... 1 >■ 1 1 Jan. 16... 1 1 1 1 , 1,740,000 Trading because 1 Sunday 1 bill of in bankers' offerings. acceptances continued the remained inadequate supply dull, chiefly of available Total outstanding acceptances, according to of the Acceptance Analysis Unit of the the monthly survey Federal Reserve Bank of New York, published Jan. 11, $232,644,000 Dec. 30 against $222,599,000 Nov. 30 and $269,605,000 Dec. 31, 1938. Import bills rose from $05,649,000 Nov. 30 to $102,563,000 Dec. 30, export bills from $37,373,000 to $38,753,000, domestic warehouse credits from $39,641,000 to $44,114,000, while bills based on goods stored in or shipped between foreign countries declined from $23,736,000 to $21,981,000, and domestic shipment bills from $10,659,000 to $9,617,000. Bills held by accepting banks aggregated $175,409,000, of which sum own bills totaled $105,497,000, and bills of others, $69,912,000. Rates for bankers' acceptances continued to be quoted at %% bid and 7/16% asked for 30-day, 60-day and 90-day bills; at 9/16% >id and %% asked for 120-da.v bills* and at %% bid and 9/16% asked for bills running 150 and 180 days. The New were York Federal Reserve Bank in its "Monthly Review" dis¬ cussed conditions in the market for bankers' acceptances as follows: "No Total bond sales. $40,000,000, to rose 16% 95% 1953 Shell Union Oil 2>^s.^ 1954 Southern Pacific Co g 4^s._1969 amounting of idle funds, a Sl% 104^ Jan. 18 gold during 67 63 the $6,946,000 Jan. 31. Total member bank reserves advanced steadily from $11,493,118,000 Dec. 27 to $12,149,576,000 Jan. 31. Following further strength for gilt-edge securi¬ 79% 49% Jan. 19 107 Bklyn-Manhat Transit 4^8.1966 Chicago Great Western 5s__1982 Delaware & Hudson 4s 20% 30 lOl^g Jan. ..1954 Amer & For Power deb 5s...2030 Amer Tel & Tel 3%s. 1961 Atcb Top & 8 Fe gen 4s 1995 95% 89% 96% Jan. 67H .1951 Price 16 Jan. 40 1945 Italy (Kingdom) 7s. Japanese Govt 6%s.Milan 6%b Norway 4Ms 89 94% 17% 101% 30^ Jan. 31 of portions on Chicago district, bids Treasury offerings were the approximately $290,000,000 to a new peak of close to $18,000,000,000. Discount holdings of the 12 Reserve banks receded from $8,051,000 Dec. 27 to ties Range During January, 1940 of taxes par. of the country abundance Jan. 2 in for these special demand , stock the a Gold imports during the four weeks ended Jan. 24 aggregated $229,200,000, of which amount $68,800,000 came from Canada, $37,700,000 from Japan, $20,600,000 from Holland, $19/300,000 from England, $17,600,000 from South Africa, $16,700,000 from Norway, and $15,300,000 from Sweden. Including a decrease in the sum of earmarked In particularly considerable slightly above Pacific Jan. 31 with obtaining exemption of purpose deposits, at also sold off Jan. 18 to 7% after opening Jan. 2 8% and extending its range to 9% on Jan. 3; the close Jan. 31 was 8%. Union Pacific lost ground, moving down from 97% Jan. ,4 to 93 Jan. 15, with modest recovery Partly- because of this lessened supply of bills, mainly in connection bills change occurred during January in the quiet con¬ ditions that have prevailed in the bill market for some time MONTHLY REVIEW 16 OF THE FEDERAL RETURNS quoted rates were steady. At the end of December the value of bills outstanding totaled $?33,000,000, an increase of about $10,000,000 over November, the largest portion of which occurred in the import classifica¬ tion, which reached the largest total in nearly two years. In addition, domestic warehouse credit bills expanded to the highest total in a year. The primary influences in the $37,000,000 decline in outstandings from the level of a year previous have been reductions in bills based on goods stored in or shipped between foreign countries, and in export bills." past, and dealers' Continued reserves ...II' 4 %a9it %a9it %a9it 9i taX Xaht Xa9it Xa7n •i taX %a91« Xa7it Xa7 it Xa7\t h tax %a9it ^a9u Xa9 it htaX Vtaht Xa7it Xa7it htaX Bi6 aX Xaht Xa7it Xa7 n- h tax Xa9it htaX 9i taX h taX Xa9 is Xaht The %a9it htaX htaX Xa7 it Xa7it Xa7it ..... htaX Xa716 Xa71# Xa7 it Xa7 is Xa7\t 3.... 5 Xa7 ie Xa7 it Xaht XOJ16 Xa7 ie %a9it Ha9it 8.... 10 Xa7it Xa7it Xa7it 11.... Xa7it Xa7 it Xa71# Xaht 9_.._ Xrt 19 9 12.... Xa7it ..... Saturday 13 Sunday 14.... 16 ..... XoJ 16 Xaht XW ti ..... Xaht 17 18.... 19 h taX Xa9n htaX Xa9it Xa9it Xa9it Xa9 it Xa91# Xaht htaX Xa9 is Xa'it 9itaX Xa9 it -Ji§aX. Xaht Xaht Xa9 it Xaht Xaht Xa7 it Xaht Xaht Xa7 it Xa7it Xa7it Xa7it Xa7 it Xa7 18 16.... Xa9 ie Sunday 21.... 22 Xa7\t Xa7it Xa7it $67,000,000 than the increase in the gold stoffk Xa71# Xa7 is XaZtt greater by rise Saturday 20 United States at the close of January $17,931,000,000 level, which was, of course, a new high record. This increase in the gold stock resulted to the extent of $40,000,000 from a decline in the gold held in this country under earmark for foreign account, according to the Federal Reserve Bank of New York. Earmarked gold at the end of January, the Bank said, totaled $1,125,000,000. In addition to these receipts from other countries and the releases from the earmarked stock, the Treasury made fur¬ ther use of its supply of free gold, as indicated by the fact that gold certificate holdings of. the Federal Reserve banks were enlarged by $378,326,000 in the five-week period, a Xa9 it Xa'n Xaht Xa9it Xa9 it in rise the at Sunday 7 to the slight gold holdings of the Saturday 6 Treasury's balance in the Federal Reserve reduction in the volume of excess the final week of January. of $311,000,000 in the gold stock left the total and a rise in the banks led Holiday 1 to force excess reserves of member levels ever before attained. January ward to the highest 180 Days 150 Days 120 Days 90 Days 60 Days 30 Days Secured by Bid & Ask Bid & Ask Bid & Ask Bid & As, Accent' ces Bid & Ask Bid <& Ask 2 holiday banks up¬ Fed prin¬ cipally by the $311,000,000 rise in the gold stock and the $287,000,000 decrease in currency circulation in the five weeks to Jan. 31, excess reserves increased $510,000,000 net to a month-end total of $5,560,000,000. While this latter figure was $30,000,000 above the old high reached last Oct. 25, it was, nevertheless, $30,000,000 under the high of $5,590,000,000 attained on Jan. 24. Month-end factors in Call Loans Jan. receipts of gold from Europe and the currency from circulation combined heavy of retirement ACCEPTANCES PRIME BANKERS* RESERVE BANKSYORK CITY BROKERS' LOANS IN NEW Ha7 it of $287,000,000 in currency circulation in -lhe-.fiveweekstoJaH;31',-prediKriTig'theamountoutstanding-~ ~Haht Xaht htaX. Xa7it Xaht 25:.:: ih the hands of the public to $7,376,000,000, was sbmewhat Xaht 9ie aX Xa9it XaJ Xa7it Xaht ■ 26.... smaller than normal seasonal expectations would have Saturday 27 Sunday 28.... called for. By the end of January currency circulation is Xa9 Xaht htaX Xa7it Xa7it Xa7 29!... Xa9it h taX Xa'it customarily at its low point of the year, but this year the Xa7 Xa7it 30.... Xa7it Xa9it h taX Xaht XaJit Xa7 Xa71« 31.... post-holiday recession amounted to less than half of the increase from the low of last summer to Christmas week. Time loan rates on security collateral were again quoted On Jan. 31 the amount of currency in use was $713,000,000 at the nominal levels of 1%% for 90-day loans and 1%% larger than that outstanding on the corresponding date a for loans extending to 180 days. In view of the extreme ..... 23.... « * • » » : 24. v ~ Xa7 ie 18 t The net decline . . ' 18 m m m • m m ie ie m m m it m u dulness tions in trading, virtually no new accommoda¬ and transactions again concerned security asked were for, mainly the renewal of older loan contracts. OF TIME LOAN RATES RECORD DAILY ago. year The of decline $59,000,000 in Treasury cash and the $8,000,000 rise in Treasury currency contributed toward the further upbuilding of member bank surplus reserves. Off¬ included the $96,deposits in the Reserve banks, the $65,000,000 shrinkage in the volume of Federal Reserve credit, and the $38,000,000 expansion in' non-member de¬ posits and other Federal Reserve accounts. Foreign cen¬ tral bank deposits in the Federal Reserve banks declined $527,000 in the five weeks to a total of $407,313,000, but other deposits were up $45,323,000 to a total of $315,284,000. With bank reserves rising so appreciably, member banks repaid $1,105,000 of their borrowings from the Fed¬ eral Reserve banks, bringing the amount of bills discounted sets additions to bank reserves to these 573,000 increase in Treasury's Rates on Mixed Collateral 30 Days 1... Jan. Jan. 2 3 IX IX Jan. 4 IX Jan. 5 IX Jan. 6... IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX . IX Satur day i Sun day Jan. 7... Jan. 8 IX IX Jan. 9 IX IX IX Jan.10... IX IX IX Jan. 11... Jan,12... IX IX IX IX IX IX IX IX IX - ■ down Jan.15 IX Jan. 17... IX IX IX IX IX IX Jan.16 IX IX IX Jan.18 Jan. 19 IX IX IX IX IX IX IX IX IX IX IX IX ' IX IX IX IX IX IX ' IX IX Satur day Jan.20 Sun day Jan.21 Jan. 22 IX IX IX IX IX IX Jan.23... Jan. 24 Jan.25 Jan.26 IX IX IK IX IX IX IX IX IX IX IX • IX IX IX IX IX IX IX IX IX IX IX IX IX Satur day Jan.27 Sun day Jan.28... Jan.30 31... Commercial paper, IX IX IX IX IX IX / IX IX IX IX IX IX IX IX IX IX IX Jan.29 IX chiefly because of seasonal influences, available offerings were in somewhat larger supply, but by the undiminished bank investment promptly absorbed demand. While rates for average grade prime four- to six- remained at the previous range of %% to 1%, the portioii sold at the lower rate of %% showed a further distinct increase, and scattered sales of unusually choice grade paper of short maturity were reported at %%. month paper Under date of Jan. York announced 12 the Federal that of New Reserve Bank received returns from commercial dealers showed a total of $209,900,000 of open market commercial paper outstanding on Dec. 30, compared with $214,400,000 in the previous month, and $186,900,000 at the end of December, 1938. , FOR MONEY AT holdings of Treasury bills, but notes increased $1,000,000, and Treasury bonds were up $170,000,000, Government-guaran¬ teed issues $9,000,000, and other securities $36,000,000. De¬ mand deposits—adjusted increased $406,000,000 to a new of Week Ended— Jan. 13 Jan. 20 Jan. 27 Call loans on Stock Exchange: Range for week (mixed & Indus, collateral) 1@1 1@1 1@1 1@1 1 1 1 1 IX IX Ninety days IK IX IX Four months. IX IX IX IX Five months... IX IX IX IX IX IX IX IX IX IX IX IX IX' IX 5A® 1 X@1 x@l %©1 x@l X@1 Week's aver, (mixed & Indus, collateral) Time loans (mixed & Indus, collateral): ; Thirty days Sixth days - ... Six months record high IX Double and single names: Good 4 to 6 months X@1 their in at $8,727,000,000. investments of the weekly reporting banks in total of $23,183,000,000 weeks from Dec. 20 to Jan. 24. Loans declined Loans and 101 cities declined in the five $282,000,000 to a investments were up $114,000,000. industry and agriculture decreased $90,000,000, and loans to brokers and dealers in securities decreased $222,000,000. Treasury bills were up $34,000,000, while Treasury bonds rose $453,000,000 and Governmentguaranteed issues $8,000,000, but declines of $353,000,000 and $28,000,000, respectively, were recorded in Treasury notes and other securities. Demand deposits rose $240,000,000 to while $396,000,000, a ■Commercial paper: Prime 4 to 6 months $125,000,000 their investment in Treasury Loans NEW YORK Jan. 6 * $8,798,000,000 in the five weeks to Jan. 31, with loans off $133,000,000 and investments up $91,000,000. The seasonal liquidation in loans to commerce, industry and agriculture continued, the total being lower by $36,000,000; but the largest decline in loans, as noted below, came in loans on securities. The New York City banks suffered a reduction paper RATES $6,946,000 on Jan. 31. sale of bonds out of their port¬ folio in December, the Federal Reserve banks disposed of only $12,152,000 of their Treasury bonds in the five weeks under review. In the concluding three weeks of January they made no net change at all in their securities port¬ folio. Treasury notes were unchanged throughout the month. Federal Reserve Bank holdings of Treasury bonds and notes combined aggregated $2,477,270,000 on Jan. 31. For the member banks, January was a month of declining volume for loans and investments, but total credit was lower entirely because of a rather heavy liquidation of loans. Loans and investments of the weekly reporting banks in New York City declined $42,000,000 to a total of Sun day Jan. 14... to Following the rather large IX Satur day Jan. 13... was 6 Months 5 Months Holi day Jan. an. 4 Months 90 Days 60 Days new to commerce, high at $19,163,000,000. Reporting New York dealers in securities—the City bank loans to brokers and so-called brokers' loans—decreased total of $475,000,000 in the five weeks to compiled by the New York Stock Exchange, decreased during January $34,238,038 to $560,050,900 Jan. 31 from $594,288,938. On Jan. 31, 1939, these leans outstanding amounted to $666,496,877. $76,000,000 to Jan. 31. a Street loans, as MONTHLY REVIEW Feb., 1940] COURSE OF STERLING A Federal Reserve Board survey issued on Jan. 1 showed that at the end of August Great Britain and France had in the United States $8,440,000,000 of gold, dollar bank bal¬ EXCHANGE IN JANUARY During January transactions in sterling exchange in the New York free market were but the sterling rate advanced to the highest November. since attributed effective between end the seemed firm and at any of the November, be to on two 12. Dec. countries approximately 68% It level recorded but until directed toward Dec. the 12 such toward foreign effective The of exchange the and fiscal transactions, foreign exchange war. rates fixed by London as The lira quoted generally 77.50 from The following official rates were fixed by London of Bank, in Association. by premium, to discount; Zurich, 3 centimes There are improbable Total rate on views members echoes no that of before of of Congress, policy these speakers will views, so far foreign markets. positive steps can be any and come other or Connecticut the these was before Con¬ as could be It is thought taken by the the subject without the cooperation of the on United were it London authorities. par. In the New York free market the forward The thought likely that the gold gress for review in 1941. United States Amsterdam, 1% Dutch cents premium to par; address an several and buyers; centimes resumption of gold coinage in the brought into prominence on Jan. 9 in City learned, in London to 2 of the was delivery, unchanged from previous months: New York, %c. premium to parity; Paris, parity for sellers par deficit a by R. C. Leffingwell, a partner Morgan & Co., and similar ideas were expressed Randolph Burgess, Vice-Chairman of the Na¬ P. tional for one-month Brussels, in William discussed 78.00. to States Bankers not quoted. was unofficially J. by New York cables, $4.02% @$4.03%; Paris checks, 176% @176%; Amsterdam, 7.50@7.55; Canada, $4.43@$4.47. was total tional Economic Committee in follows: Berlin this address to the stockholders of the Chase National Bank an arrangement resulted in a realignment on Jan. 8 official Of by Winthrop W. Aldrich, its Chairman. The United States gold policies were also sharply criticized before the Na¬ remain to until six months after termination of the new resulted question United The agreement concluded in December applied particularly to had The cooperation of materials. purchase securities. was war expendi¬ £314,361,360 during the part of the fiscal year which elapsed since April 1. Expen¬ ditures were £858,835,463, while revenues were only £544,474,103. The deficit, it was said, would be covered by borrowing under the Defense Loan Acts. economic undertaken American in gold. shown early in January that British was tures undertone were Closer joint was and-marketable ances, in September, largely to the closer Anglo-French fiscal accord which became action The steadiness than limited more time since the outbreak of the European war 17 • States Treasury gold 90-day stocks • reached $17,- 935,009,000 on J an. 31. During the month gold_jy.as transsterling, which had been around 6 points discount belnwrthe- XerfeH to the United States from not less than 20 foreign basic cable rate, improved" to a discount of 3% points under centers. The greater part came from London and British spot by Jan. 24. ' gold-producing countries, in- search of a safe repository, and The stricter control exercised by London, together with was also attracted by the American price of $35 an ounce. the limited market, resulted in an advance in the cable rate A very small part of the gold received during the month from a low of $3.87% on Nov. 30 to $4.00 on Jan. 29. was derived from American export balances. It will be Far Eastern, and especially European holders, continued to recalled that the free gold market in London has been liquidate their sterling balances, but their offerings were suspended since the end of August. apparently taken up by American importers and others On Jan. 17 the British Government offered holders of owing debts in terms of British exchange. As these offer¬ the £350,000,000 4%% conversion loan maturing in July, ings were limited, they were immediately reflected in higher 1940, the opportunity to exchange their bonds for a new quotations for sterling. 2% five-year loan at par, or to be paid off on the maturity Foreign exchange and commercial regulations were fur¬ date. The offer was extremely well received in London, ther elaborated by the British authorities and were con¬ with fully £300,000,000 of the issue turned in promptly for curred in by the great majority of all markets. The foreign conversion. It was estimated that about £200,000,000 had exchange controller at Singapore in December notified all been held by banks and discount houses which acquired the banks that after Jan. 1 the drawing of sterling bills on issue as a short-term bond, while Government departments places other than London to finance exports from Malaya were estimated to have held another £100,000,000, leaving to the United States, Canada, Belgium, Switzerland, a total of only £50,000,000 in the hands of private investors, Sweden, Norway and Holland would be prohibited. Con¬ who for the most part elected to take cash and invest the sideration will be given to the grant of exemption from proceeds in national defense bonds and savings certificates. the order for exports under letters of credit opened or con¬ The success of the conversion loan was believed to point:' tracts entered into prior to Nov. 6, 1939, on application to to the likelihood of still lower money rates in preparation the controller's office. for the anticipated war loan of approximately £1,000,000,000. The British Treasury issued an order, effective Jan. 8, It was thought that the Government is in a strong that residents of the United Kingdom who desire to transfer position to enforce its cheap money policy, but there was sterling or sterling securities, whether by delivery or by some opposition in financial quarters to any further reduc¬ registration, should obtain permission directly from the tion in money rates. British Treasury. Previous to the order a formal declara¬ The Bank of England's price for gold continued at 168s. tion of intention was sufficient. Under a special exemption per ounce. At the close of the month discount rates were order non-residents remain free to dispose of any sterling quoted as follows: Two- and three-months bills, 1 1/16%; in their accounts and any sterling securities they may wish four-months bills, 1%%, and six-months bills, 1 3/16%. to sell. Bank of England approval is required for transfers Bank of England note circulation, which was at the at less than full sterling market value, or where payment highest in the Bank's history on Dec. 28 at £554,616,000, is to be effected in other currencies. Similar approval is was reported on Jan. 31 at £527,723,000. The Bank's rate required to be obtained by banks opening sterling credits of rediscount remained at 2%, to which it was reduced on involving payment of sterling from resident to non-resident Oct. 26 from 3%. account, payment for goods shipped from sterling to noncountries, or payment in foreign currencies. Offerings of sterling in the free market were expected to sterling decline (and regulations did on decline) as a result of these-restrictive the flow of private funds from England. Throughout activity in Great Britain continued at a high the month, with prices and wages showing a strong upward tendency, with the result that the authori¬ ties were obliged to take measures to restrict" the advances. Beyond question the activity was due largely to war pro¬ during duction, as export trade was at a low level. * Discussing war finance problems at the ahnual' January meeting of the Midland Bank, the Chairman, the Right Hon¬ orable or Reginald McKenna, advocated a policy of preventing limiting inflation by every prudent means of diverting goods and services from civil to military purposes. Before long, he said, the point will be reached where the Govern¬ ment must restrict civilian consumption by rationing, by heavy taxation, by saving, and by investment in war loans. (All these measures have been in effect to a greater or less degree since the end of September.) Throughout January, the British as authorities since the beginning of hostilities, showed themselves reluctant establish credits in the United States by the disposition British-owned securities here. Their purchasing agents this side confined their America were arrangements. effected largely through and on was $4.00 on 31 @$3.95%, at $3.99@$3.99%. Jan. 29 and The high 30, and the low for was sterling $3.91% on In commenting on the foreign exchange situation during January the Federal Reserve Bank of New York said in its "Monthly Review" for Feb. 1: "Trading in foreign exchanges during January was featured by continued strength in rates for the Allied cur¬ rencies, outside the official markets, and by rather wide and ^irregular fluctuations in quotations for Dutch and Belgian exchanges. "After opening the month at $3.95%, the pound-dollar rate in the New York market underwent a rather sharp reces¬ sion early in the month, accompanying a temporary reaction the Amsterdam market. Quotations went as low as in $3.91% vision barter Jan. a Jan. 5. of wealth nations, British colonies, and in South America. As far as could be learned, most of the purchases made in South Montreal funds ranged between discount of 11%%. Sterling cable transfers sold on Jan. 1 at $3.95% the on close discount of 12%% and to operations almost entirely to ma¬ terials necessary to promote their military activities. Strictly consumption goods, and even necessary war sup¬ plies, were purchased as far as practicable in Common¬ in of the United States dollar. a Business rate January Canadian exchange continued to sympathy with sterling, to ftvhich it is officially affixed, and hence ruled at a discount in terms move on Jan. British over non-resident 5, three days prior to the application of imposing closer official super¬ sterling assets from resident to order-in-council transfers of accounts. Subsequently, however, renewed strength developed in British exchange, and toward the end January the rate reached $4.00, the highest level since of early in November, and only 2%c. London selling rate for below the new dollars, referred to below. official In sym¬ pathy with the spot rate, forward sterling deliveries also showed a firmer tendency; discounts on one and three month contracts narrowed from annum, 4 9/16% and 5 1/16% per respectively, at the end of December, to 2%% and f X • ■ V. 18. ' '• • ' . • ^ , MONTHLY BEVIEW «. 3%% at the end of January. The past month's improve¬ ment in the pound sterling may be associated in some part with a diminution of offerings as a result of the tightening regulations on Jan. 8. A further contribut¬ ing factor, however, was a temporary demand for ster¬ ling in New York in the latter part of the month, for use in arbitrage transactions involving the acquisition of French francs against sales of sterling in neutral European of exchange markets * "Accompanying the tightening of the exchange control on Bank of England's quotations for the dollar Jan. 8, the currencies were Altered slightly so as to narrow the "spreads" between selling and buying rates. The new pound-dollar rates of $4.02% and $4.03% compare with the former rates of $4.02 and $4.04, which had been in effect since Sept. 14. The current London rates for French exchange are 176% and 176% francs to the pound. "In this market the franc continued to move approxi¬ mately in line with sterling, although there was some inde¬ pendent demand for French exchange in the latter part of the month. The New York rate declined, along with ster¬ ling, to $0.0221% on Jan. 5, but appreciated during the remainder of the month to close at $0.0226% for a net gain of 2% points for the month as a whole. "Stimulated largely by short covering, the rate for Dutch and for other major guilders month to the advanced 26 points during the first $0.5354, the highest level since the European war. half of the beginning of Accompanying reports that the Low military precautions against a pos¬ violation of their neutrality, however, the guilder sub¬ Countries were taking sible sequently declined ^ Dutch exchange was further depressed later in the month, announcement on Jan. 24 of the Nether¬ lands Government's plan to defray mobilization expendi¬ tures and to reimburse the Bank and the Equalization Fund for losses on sterling and gold operations, respectively, by revaluing upward the National Bank's gold reserve. Accord¬ ing to this proposal, the Bank's gold would be marked up sufficiently to offset 18% out of the 22% depreciation which the guilder had undergone in the exchange market. At the end of the month the guilder was quoted at $0.5309, as against $0.5328 a month earlier. "The belga moved irregularly within a range of $0.1687 and $0.1674 until Jan. 24, when the rate firmed, accompany¬ ing a reduction from 2%% to 2% in the Belgian National Bank's discount rate. Toward the end of January Belgian exchange rose to $0.1697, the highest rate in about four months. In contrast to the movements of the guilder and the belga, the Swiss franc continued to hold steady at about the rate which has prevailed since early last October. "Among other exchanges, the Mexican peso declined fur¬ ther in terms of the dollar at the beginning of the month, but subsequently steadied at about $0.1672. This rate repre¬ sents a depreciation of about 18% from the level existing prior to the decline which began on Dec. 11. The Cuban peso, on the other hand, showed some advance during the past month, its discount against the dollar narrowing to about 9%%, the smallest since the latter part of last coincident with the October." movement at the Port of New York during January were outlined as follows in the "Monthly Review" of the Federal Reserve Bank of New York for Details of the gold Feb. 1: States during January appeal; to have been in smaller volume than in December, but the amount of gold held under earmark for foreign account at the Federal Reserve Bank of New York decreased about $40,000,000 during the month, as compared with an "Imports of gold into the United $200,000,000 in December. Consequently the gold stock of the United States increased about $290,000,000 in January, or about the same as in December, and reached a new high of approximately $17,935,000,000. Gains to the United States gold stock during the past three months have been among the largest of the whole period since 1934, ex¬ cepting only certain months marked by crises abroad. At the end of January the amount of gold held under earmark for foreign account at the Federal Reserve Bank of New York was about $1,125,000,000. "As reported by the Department of Commerce, gold im¬ ports into the United States during the four weeks ended Jan. 24 totaled $229,200,000, of which $68,800,000 came from Canada, $37,700,000 from Japan, $20,600,000 from the Neth¬ erlands, $19,600,000 from England, $17,600,000 from South Africa, $16,700,000 from Norway, $15,300,000 from Sweden, $8,600,000 from India, $6,100,000 from Australia, $5,000,000 from Hongkong, $2,300,000 from Italy, and $1,200,000 from increase of Switzerland." CONTINENTAL AND OTHER FOREIGN EXCHANGE The French franc was inclined to firmness in January the New York free market, moving in in strict alignment with 176.50-176.75 on the pound is discussed in the above resume of sterling exchange. There is nothing new in the French fiscal position. The inflow of gold and foreign securities came to an end about the middle sterling, Dec. of 12. to which it became The relationship of December. Jan. 11 The French linked the note at franc to circulation of devalued francs in the Bank's history. and reported on of 152,969,000,000 francs was the largest in Sept. 14 circulation increased terms Between Aug. 24 23,015,000,000 francs. The low mark of 1939 was 109,270,000,000 francs on Jan. 26. sold on Jan. 1 at 2.24% @2.24%, and Paris cable transfers on Jan. 31 at 2.26% @2.26%. irregular, was inclined to firm¬ despite the widespread fear of German invasion of the low countries. A shift in the Cabi¬ net in the first week of January was without effect on the belga spot rate in free markets. It was understood that the Finance Ministry was under the constant necessity of supporting the belga. However, the strong tone of the spot rate must be attributed to the London official rate for the unit. Throughout the month London quoted 30-day belgas at 2 centimes premium to parity. The underlying weakness of the unit was disclosed by the future quotations in the New York free market, where 90-day belags ranged from 44 points to a low of 50 points discount under spot. Belga cable transfers sold on Jan. 1 at 16.84@16.87, and on Jan. 31 Belgian currency, while at January, throughout ness 16.96@16.98. Italian lire were steady throughout January. Statements published in mid-January indicated that the national budget will call for an expenditure of 35,000,000,000 Rome from 5,000,000,000 lire will be added to the present lire, of which 9,000,000,000 lire, while of deficit 10,000,000,000 lire will represent new or increased taxation. It was explained that the country will be able to absorb the increased taxation > because many of the Government projects produce taxable income. Rome dispatches of Jan. 27 stated that subscrip¬ tions to a new Government 5% nine-year bond were above expectations. Almost all holders of nine-year bonds of the previous loan, which expires on May 15, 1941, had an¬ nounced their intention to convert their holdings into the-J new loan. The Rome exchange control "held the lira steady throughout the month, and New York cable transfers Rome hardly deviated from 5.05. German marks were not quoted in the official market on in In the New York free market the unit was occasionally quoted around 40.20. Financial in¬ formation originating in Berlin, and supposedly official, was not regarded with confidence by banks and foreign London during January. exchange traders. This was true even of the weekly state¬ ments of the Reichsbank respecting circulation and gold Cable transfers on Berlin York at 40.07@40.25 on Jan. 1, and at 40.12@40.25 on Jan. 31. Hungarian exchange is one of the minor units in New York. It is of interest at this time because of the fact that on Jan. 27 the National Bank of Hungary issued a decree reducing the exchange rate of the United States dollar and other free currencies to about the pre-war level. In the case of the dollar the new rate will be 3.47 pengoes to the dollar instead of 3.80, the rate in effect since Sept. 1, to which an extra rate of 50% was added, making the full rate 5.20 pengoes. Until the publication of the decree the pengo had been quoted in New York during January between and foreign exchange holdings. quoted nominally were 17.58c. New 18.00c. and Exchange 1914-18 in was the on during the war of close relation countries neutral steady during January, moving in to sterling. On 24 The Netherlands authorities Jan. announced that holdings of the Bank of The Netherlands would be revalued, effective March 31. The gold reserves will be marked up to almost the market value on the basis of the the gold depreciated guilder. Revaluation will cover 18% of the 22% depreciation sustained by the unit, leaving a slight margin for further marking-up in case of necessity. The guilder is a floating currency. Premier Jan de Geer announced that the guilder will be maintained on a at guilders 1,013,060,000 revaluation the from The gold stocks managed currency basis. of The Netherlands central is bank since Jan. 2 were placed ($557,150,000). estimated The total profit 221,000,000 guilders at ($117,130,000). Of this profit the Government announced 116,000,000 guilders will be used on behalf of the Gov¬ ernment loan fund to defray mobilization expenses, and that of the remaining 105,000,000 guilders about 75,000,000 that guilders will be placed in the equalization fund and about 30,000,000 guilders will go the Bank of The Netherlands to reimburse it for sterling losses incurred in 1931 when Great Britain suspended gold payments. Under the revaluation plan the official price for gold will be 2,009 guilders per kilogram ($1,068), instead of 1,647.5 guilders ($876). Guilder cable transfers sold on Jan. 1 at 53.23% @53.28, and on Jan. 31 at 53.08%@53.10. Swiss cable transfers sold 1, and at 22.42@22.43% on Jan. 31. Sweden sold at 23.81 @23.83% on Jan. 1, at 22.42% @22.44 on Jan. Cable transfers on 23.81@23.83% on Jan. 31. Exchange on the South American countries continued restricted during January. On the whole the South Amer¬ ican exchange rates were held steady with respect to both and at the pound tions of and the United States dollar through the opera¬ exchange controls in the various republics. the Exchange controls are operative in Argentina, Bolivia, Bra¬ Honduras, Nica¬ The Argentine official rate for the peso was quoted at 29.77@29.78 on Jan. 1, and at 29.77 on Jan. 31. The unofficial or free zil, Chile, Colombia, Costa Rica, Ecuador, ragua, Paraguay, Uruguay and Venezuela. market was 22.60 on ian milreis were 5.15 on Jan. 1 and 22.95 on Jan. 31. Brazil¬ quoted at 5.05@5.15 on Jan 1. and at 5.03@ Jan. 31. (Continued on page 111) New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING JANUARY 1940 Bond Sales 1940 1939 $144,917,000 $159,611,000 1939 1938 2,046,083,000 January 1,859,865,000 _ • Jan. 1 to Deo. 31 Stock Sales 1940 January Shares- 1939 15,990,665 25,182,350 1939 Jan. 1 to Dec. 31 1938 262,029,599 297,466,722 NOTICE!—Cash and deferred delivery sales are disregarded In the month's range unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the for the year. range The tables on pages 19 to 40 furnish a complete record of the transactions on the New York Stock Exchange during Jan., 1940, and the range for 1939. They need no extended introduction, as they are self-explanatory. The tables enlbrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list. The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule adopted by the New York Stock Exchange. in r» are 4» at 19.09, all quotations. for interest-paying bond*. price to which accrued interest must be added. The exceptions to the rule are'income bonds arid bonds on which This method of quoting bonds became effective Jan. 2, 1909* Quotations after decimal point repre¬ or more 32ds of a point. 4- a /V mrrU * Apt n A At4ii a rl « wt imi 4a«.aa4> ~ m """/ tf tLT "1' a " J_ - 1 J 1_ 1 _ * _ _ L _ « J J "L J — -T _ 1 • _ 1 Interest is in default. sent one sales IN Dec. 1939 Jan. 2 Bid Jan. 31 Ask Bid 57,000 Treasury 434s 4,000 Registered 36,000 Treasury 4s.5,000 Registered 154,000 Treasury 3J*a 5,000 Registered 2,000 52.000 89.666 711666 7 ...1941-1943 M S Jan. Jan. 12 113.18 Sept .22 122.13 June Jan. 2 120.10 Jan. 23 115.30 114.16 Jan. 29 114.29 Jan. Sept. 15 121.18 Sept. 25 116.19 June 22 Jan. 104.10 June 2 120.17 nlll7l3 Sale 110.2 110.18 108.18 Jan. 29 114.30 Jan. Jan. 30 114.8 Jan. 30 16173*0 102.2 101.31 Jan. 26 102.8 Jan. Jan. 25 101.30 Jan. Sale" 104.5 Jan. 30 104.24 Jan.\ 25 "i 105713 Sale 102,000 Treasury 3%a 3,000 Registered 1943-1945 A "o 109727 87,000 Treasury 3%a 2,000 Registered 23.000 Treasury 3%a 1944-1946 ..... 16672*0 110 109.23 109.21 Oct. Sept. 102.12 Deo. 26 104.30 U 112 5 105.8' 1 24 Jan. 23 Jan. 10 Jan. Jan. 13 109.31 3- June 22 7 111.10 Sept. 14 110.27 June 103.28 Jan. Sept. June 22 105.24 Sept. o 106.27 Sept. 7 June 16 "5 11671*2 Sale Nov. 10 107.7 nlo6726 Sale 16673* Jan7*31 1657l*7 Jan7" 105.6 A 16673* Sale" Mar. 10' 109.25 Jan. 30 110.1 Jan. 4 106.16 Sept Jan. 25 109.30 Jan. 11 106.31 Oct. U1.9 111.5 June 109.26 Jan. Jan. 5 106.12 Oct. 111.27 June Jan. 16 108.7 Oct. 111.2 Sale ~J 1946-1949 D 110.7 Sale 110.6 110.6 Registered, Sale 110.6 111.4 111.8 5 * j*Z> 11172*7 112*.4 7 D ....... 3,000 Registered...... 387,000 Treasury 2 J^s.. 13,000 Registered 63,000 Treasury 2J£i.. 4,000 Registered.. 12,000 Treasury 2%b «111.21SaIe lI67l8 Sale"' 1167lO Sale" 0 June Jan. 30 110.18 16 110.6 111.3 Jan. 30 111.20 Jan. 10 104.22 Sept. 112.21 June Jan. 16 111.12 Jan. 19 106.12 Oct. Aug. 1111.22 Jan. 30 112.13 Jan. 10 105.12 Sept. 111.27 114.5 5 10474* Sept. 11173*1 June 1167i*o jan7"5i 116728 Jan7" May June 5 Jan. 25 110.17 Jan. 25 110.2 Mar. 111.1 109.28 30 110.30 Jan. 11 102.16 July Jan. Sept. 112.26 June 29 102.20 Sept. 100.1 Sept. Sept. Sept 109.22 110.9 109.26 June 110.6 June 6 110 11 5 1945-1947 M "s 10975 Sale" 29 110 Jan. Jan. 30 108.10 Jan. 6 Jan. 31 108.4 Jan. 10 108.28 Jan. Jan. 4 103 Jan. 30 109.13 25 109.3 Jan. 3 103.10 Sept. 109.30 June 25 108.20 8 (108.10 Jan. Jan. 6 101.10 Sept. 109.31 June 2 Jan. 108.6 Deo. 29 100.2 Sept. 109.21 June 107.8 *S 10773*0 Sale" 107.8 106.3 M 107.10 107.14 107.7 109.2 ....... ...... Dec. 107.8 5 Deo. 27 109 June Sale 108.28 Sale ..... 1948-1951 m'b 10878 108*.16 «107.30Sale Jan. ..... 1951-1954 212,000 Treasury 2^a y d 107712 Sale*" 10772* Sale" 106.28 Jan. 30 107.29 Jan. 9 ...... 7*0*666 65,000 Treasury 2 Jia.. "34",655 Registered............... 87,000 Treasury 2^8-........... 106721 S*ale"7 16679 Sale" 16679* Jan7~31 166731 Jan7 1956-1959 M 1958-1963 7 D 10872*0 Sale"" 16672*7 Sale" 16672*7 Jan7"51 16672*6 Jan7*ll 1960-1965 .... j D 16671*3 ioef.20 16671*9 Sale" 166725 Jan7*30 16672*6 Jan7~io 8 100,10 99.2 107.30 Registered...... 99 103.25 .... 4,000 Treasury 2%b Registered.. 54,000 Treasury 2 %B.m....... Sept. Apr. 19 July 5 28 July 108.2 July Sept. 108.23 June 5 12 5 -.1945 - j D 10872*3 108*.28 16678* 108.12 16571*8 Jan7"16 16673*6 Jan7""6 Oct. 107.25 July Sept. 108.16 June 5 108 435,000 Treasury 2 Jis......... Registered.. 6 107.8 1955-1960 Registered....... Jan. 110.17 M*S n67lO Sale" 11673* Sale* ....... Registered 107.12 111.8 nI7fo ilY.is ......... 26,000 Treasury 3%b 1949-1952 Registered............... 26,000 Treasury 3s 1 1946-1948 1,000 Registered... 53,000 Treasury 3s ..1951-1956 selooo 18 Oct 103.15 1 4,000 July 6 18 106.16 5 ..... ....... 371*666 Sept. 28 115.25 Sept. 25 116.5 110.18 101.24 114.25 Jan. July 106.26 F 76*666 1*2*2*666 119.31 120.6 10475 *6 10472*1 Sale .......1941 eV.ooo M'ooo Sale Prices 114.25 102.14102.22 109720 60,000 123.000 Sale Prices 105.24 1943-1947 Registered 10,000 Sale Prices ... 19,000 Treasury 3^8 Registered 800*656 Highest Sale Prices 101.30 D D 3,000 111,000 1,000 Lowest 119.29 114.22 114.28 7 172I666 Highest 114.8 M 1940-1943 18,000 Treasury 3J4s 113I006 120.2 11471*2 ll4*. 16 114.28 Sale 114.25 Sale 37,000 Treasury 3Hs Registered 181566 119.31 Sale 119.29 Sale Y'£> 1946-1956 ...... 1261666 O — ...1944-1954 12,000 Treasury 3Hs 1,000 Registered......... 3V.666 A ....-.1947-1952 - YEAR 1939 Lowest Ask U S GOVERMENT BONDS 49,000 RANGE FOR PRICES IN JANUARY BONDS N. Y. STOCK EXCHANGE Jan. 1940 June 108 June 103.4 7 Sept. 109.10 June 5 101.10 Sept. 22 109.8 99.9 28 .......... *6*666 ......1948 M*£ 107718 107*.24 107713 107*. it 167722 Jan7**3 165.3 Jan. 9 Registered us",655 244,000 Treasury 2Hs_..............1949-1953 6,000 Registered *7*1666 51,000 Treasury 2%B........... .1950-1952 55.000 135.000 16674 Sale 1667l* Jan7*30 10074* Jan7"16 *9974* Sept722 105.17 M*fl 105717 Sale 15676 Sale Jan. 23 105.23 Jan. 5 105.5 Jan. 31 106.6 Jan. 11 99.6 Jan. 30 103.20 Jan. 10 102.21 102.24 L Registered 39~.66o J~~D 161713 Sale 240,000 Treasury 2%b ........1951-1953 157,000 Treasury 2s. 1947 267,000 Treasury 2s.......... ..1948-1960 J D 102.31 Sale J D 104.18 104.23 104.9 J D 103 102.24 102.28 102.20 104.12 104.18 Jan. 3,000 ------ 18,665 91,000 3^8 Registered 3s 79I666 14,000 ------ *8*566 2,000 July 12 June 6 Dec. 22 103*" Deo. 28 Sept. 22 106.3 June 26 Jan. 18 105.4 Jan. 11 99.5 Jan. 16 103.22 Jan. 10 101.31 Deo. 108.11 108.16 108.8 108.12 108.10 Jan. 29 108.20 Jan. 24 103.8 Sept. 22 110.6 June 5 M N 10878 Sale Sale 103 Sept. 25 109.21 106.26 91.000 27.000 ------ 141656 fi7.000 6,000 31,000 1944 1964 ...1944-1949 3s June 6 Nov. J 10577 1*0"5*.12 166"" l"0*5*.4* 16671* Jan7*30 16671*5 Jan7" 102.12 Nov. 3 Sept. 6 106.27 Sept. 21 105.30 Sept. 12 106.15 102.30 Sale M S nl65 107729 Jan."30 16571*3 Jan"*"6 1942-1947 J 9 Registered 2HB 5 5 102.23 103.6 Registered ------ June June Sept. 22 107.22 Federal Farm Mortgage Corp— 22.000 107.21 7 106.20 102.31 .1942-1947 Home Owners Mortgage Corp— 33 series A. 1944-1952 M S 10572 105.8 M N 107.24 108 104722 104.26 (105** Jan7"ll 166.2 Jan. 24 101.28 8 el03.4 3 106.26 107.19 Sale 107.18 Jan. 30 108.4 Jan. 5 2>is Series G 1942-1944 J J 104.17 104.22 104.19 Sale 104.16 Jan. 29 104.22 Jan. 5 101.10 1 Hs series M 1945-1947 J D 101.15 101.24 nlOl.9 Sale (101.10 Jan. 15 101.24 Jan. 4 96.8 27MfJan. 3 22% Sept. 25 27 4 24 Registered 102.5 108.21 Deo. 28 Mar. 30 Aug. 9 June 6 Sept. 22 109.17 May 18 May 6 108.21 May 6 Sept. 6 105.18 June 2 Sept. 22 102.12 June 6 N Y CITY BONDS-—See page 30. FOREIGN GOVT & MUNICIPALS „ 29,000 13,000 9,000 68,000 32,000 13,000 23,000 21,000 36,000 23,000 74,000 694,000 306,000 938,000 402,000 „ _ 15,000 9,000 ------ Agricultural Mtge Bk (Colombia)— iGtd sink fund 6s...........1947 iGtdTslnk fund 6s 1948 Akershua (Kingd of Norway) 4s. 1968 27,000 iAntloquia (Dept of) Col 7» A..1945 7,000 lExternal s f 7b series B 1945 7,000 ^External sf 7s series C.. ..1945 4,000 iExternal s f 7s series D ...1945 5,000 i7s 1st series ....1957 5,000 its 2d"series_. .1957 15,000 a7s 3drseries 1957 39,000 Antwerpr(City( extl loan 5s.....1958 *■ Argentine Nation (Govt of)— 639,000 S f external 4Mb 1948 291,000 Sinking fund external 4Mb 1971 459,000 8 f external conv loan 4s.Feb 19t2 313,000 For footnotes see 8f external page 30* conv loan 4s_.Apr 1972 FA A O M S J J J J J A 27 % 30 27 14 J 14 J 26% 26% 32 32 94 17 18 14 69 15 15 J 14 17 17 O 13 15% A A O 13 O 13 Vs J , 16% D 66% Sale 69 MN MN 94% Sale 88 F A 80 H A O 79% 15 27% Jan. 26% Jan. 3 23 Jan. 60 il3% Jan.! 16 13 Jan. 16 14 Jan. 19 Jan .|20 14 15 Oct. 11 Dec. 20 Jan. 4 lOHfJan. 14M{Jan. 15^[ Jan. 8 6 10 Ht Feb. 14 [Jan. 20 9«;Feb. 10H. Sept. 3 1 1 19 13^ Jan. 24 9%lJan. 2 28 13% zl3 #[Jan.l 24 '"i Jan.£ 12 Jan. 3 13>i[Jan. 6 13%[Jan. 9NLOct. 9% Jah. 13 28 Jan. 2 11 60>L8ept. 95MfJan, 12 88 91 25 an . 'Jan. VP* 72 95% Sale Sale 90 % Sale 83 % Sale Sale 81% I83iH? Sale Jan. Jan. 70 28 28 Nov. Nov. Jan. Dec. Dec. Nov. Dec. Deo. 16%. Dec. 16H Dec. 94% 17% 17^ 17H . 6 _ 96% Jan. 3 15 21 15 8 8 18 11 MM Sept. 22 81#;Oct. 17 95 83H|SJan. 29 Jan. 13 18 7 15 70W6ct; 18 83 Hr Jan.130 70MLQct. 18 81}riDec. 81)^1 Dec. Jan, May 31 88 %[ Sept. 6 20 20 N. Y. STOCK EXCHANGE—BONDS 20 SALES IN Dec. 1939 236,000 169,000 318,000 17,000 12,000 182,000 222,000 178,000 29,000 30,000 251,000 274,000 188,000 135,000 26,000 30.000 22,000 47,000 142,000 122,000 65,000 49,000 21,000 22,000 25,000 528,000 655,000 187,000 149,000 101,000 228,000 194,000 35",600 5,000 1,000 22,000 - 438,000 Canada (Dominion) gold4s..—-I960 510,000 30-year gold 5s —r^-1952 207,000 10-year 2%s Aug 15 1945 163,000 25-year 3 Ms— 1961 100,000 153,000 56,000 3,000 1954 8,000 ACent Agric Bank (Ger) 7s_-—1950 AFarm Loan s f 6s 1960 1,000 a6s July coupon on 1960 -AFarm loan s f 6s. * ---I960 —44-,000 ' IM!::::::::::::::::: ACarisbad3(City)¥ f8s"I—I"" 21,000 48,000 159,000 31,000 69,000 82,000 168,000 17,000 52,000 10,000 6,000 26,000 65,000 26,000 54,000 1,000 15,000 3,000 59,000 6,000 22,000 28,000 37,000 "5",000 654,000 311,000 5,000 8,000 4,000 339,000 351,000 172,000 211,000 "2",000 16", 000 6,000 32,000 39,000 12,000 27,000 24,000 80,400 66,000 99,000 4,000 1,000 444,000 244,000 503,000 31,000 30,000 76,000 1,000 19,000 If - "¥,666 149",066 - 8,000 24,000 2,000 125,000, 93,000 3,000, 12,000 12,000 171,000 15,000 40,000 288,000 152,000 225,000 a6s Oct coupon on. -1960 AChile Republic ext s f g 7s 1942 a7s assented— 1942 AExternal sinking fund g 6s_. - I960 a6s assented=.---1960 AExternal s f gold 6s Feb 1961 - - a6s assented Feb 1961 ARy ref extl s f g 6s Jan 1961 a6s assented —-Jau 1961 AExtl s f 6s int ctfs S^>t 1961 a6s assented Sept 1961 AExt sinking fund 6s 1962 a6s assented. 1962 AExternal sinking fund 6s 1963 a6s assented— ----—1963 AChile Mtge Bank of gu s f 6%s-1957 a6Ms assented —1957 AGuar s f gold 6%s 1961 a6 M8 assented—-— 1961 AGuaranteed s f gold 6s 1961 a6s assented 1961 AGuaranteed sink fund 6s 1962 iSs assented —1962 AOhilean Munic Loan 7s --I960 a7s assented 1960 AChinese Hukuang Ry 5s_ 1951 ACologne (Germany) s f 6%s—1950 Colombia (Republic of)— - Oct 1961 -—Jau 1961 AOolombia Mtge Bank 6 Ms—-1947 ASinking fund 7s of 1926.——1946 ASinking fund 7s of 1927 1947 Copenhagen external 5s.-—---1952 Gold 4 Ms 1 ———1953 * ACordoba (City) 7s_ —1957 * a7s stamped --—1957 Cordoba (Prov) Argentina 7s—1942 a6s of 1928 AExtl sf g 6s J 87 Sale F A M S 100 J 8 F A J D J D M S M S F A A O MN J J J MN J A O MN F A J J J J J MN J J J 63 57 M J 9M Sale" 14% 20 O A O D O O MN MN 89 Jan. 88% Jan. 4 15% Jan. Jan. 19 9 Sale 13% Sale Sale 13% 17% 16* Sale Sale 13% 16% Sale 17% Sale 17 "25"" 13 Sale 15 9M 13 26 26 M1V F A D MN J J J 70% ACosta Rica (Rep of) 7s —1951 MN Cuba Rep of) 5s of 1904--1944 M S 5s ext debt Ser A of 1914—,—1949 F A 100% 1949 —-—-1977 f 5%s. ——1953 APublic Works 5 Ms--June 30 1945 AOzechoslovak (Rep of) extl 8s..l951 a Sink fund 8s series B Denmark 20-yr external gold External g 5%s— External g 4 Ms —1952 6s-1942 1955 —1962 7Msunstamped————-1941 s f 7s stamped. 1949 7s unstamped —1949 2,000 Sale Sale 35 70 62% 75 75 7 14 "35" "Sale" 37% ----- Sale 14 14 Jan. 13% 12% 13% 12% 13% 12% Jan; Jan. Jan. Jan. Jan. Jan. 13 Jan. 12% 13% 12% 13% 5 Jan. Jan. 29 Jan. 19 Jan. 30 13 Jan. 2 13% Jan. Jan. Jan. 3 19 Jan. 14% Jan. 17 Jan. 14% Jan. 15 ©16% Jan. 14 Sept. Apr. Apr. May Apr. Apr. Apr. Apr. Jan. 16% Jan. 14 Jan. 17 Jan. 13% Jan. 16% Jan. Jan. 12% Jan. 30 12 1( Jan. 2 Jan. 5 16 12 Jan. 2 12% Jan. Jan. Jan. 5 16 Jan. 14 Jan. June Jan. 22 16 Jan. Jan. 9 Jan. 11 July Apr. Apr. 10% Jan. 3 16 12 13 12 14 8 Jan. 16 13 Jan. Jan. Jan. June June Jan. 19 27% Jan. 28% Jan. 16 15 16 15 27 18 16 31% 31% 26% 26% 26% 44% Jan. Jan. Jan. Jan. Jan. Jan. 4 3 12 10 27 2 42 Jan. 3 63 Jan. 8 75% Jan. 12 13 z26 Jan. Jan. 26% Jan. 40% Jan. 37 Jan. 60 Jan. Jan. 73 20% Jan. 17 al01% Jan. 24 Jan. 17 101% Jan. 103 58 Jan. 26 4 .104 Jan. 17 75% Jan. 4 67% Jan. 58 Jan. Jan. 16 48 Jan. z71% Jan. 31 71% Jan. 31 18 13 71 13 71 Jan. 3 13 9 13% Jan. 23 15 48 Jan. 29 Jan. 23 46 Jan. 10 12% Jan. 18 71 71 10 70% 73 72 70 70 11 J 13 42 15 42 15 J 90 Sale M S 70 72 15 Sale 49 J D 43% Sale 11% 19% 11% 103% 108 101% 104 j D 108 MN 40 Jan. 76 74 Jan. 70% Jan, 70% Jan. Jan. 70% Jan. 105% —— 3 13% Jan. 15 48 Jan. 40 Jan. 23 2 12% Jan. 18 102 Jan. 22 104 Jan. 18 110 Jan. 18 111% Jan. 9 18 106 108% Jan. 3 107 Jan. German Gov't International— 535,000 72,000 189,000 21,000 439",066 92",000 30,000 30,000 22,000 6,000 "2", 606 "MOO A35-year 5Ms stamped-..—.1965 a5%s unstamped -—1965 a5Ms stpd (Canadian holder). 1965 AGerman Republic 7s stamped—1949 a7s unstamped 1949 24,000 7,000 2,000 12,000 47,000 4,000 463,000 26,000 69,000 329,000 428.000 d 8% Sale 6 a o 11 8% Sale 5% 7M Sale 7% 8% Jan. Jan. 3 11% Sale 8 9% 8 10% Jan. 2 z8 Jan. 4 13% Jan. 9 6 23 German Prov & Communal Bks— a (Cons Agric L'n) 6 Ms ser AGreek Govt secured 7s 2,000 15,000 10,000 36,000 11,000 57,000 J "7"66O 8,000 7,000 "2'66o 7,000 10,000 1,000 3,000 12,000 5,000 323,000 24,000 57,000 366,000 123,000 D 1964 MN A.1958 A O J 6% j 6% ""8% MN MN F A 6% 9 a7s part paid— —1964 AS f secured 6s ——1968 F" A a6s part paid— —.——1968 Haiti (Rep of) 6s series A....... 1952 AO AHamburg (State) 6s .1946 A O AHeldelberg (City) extl s f 7%s—1950 Helsingfors (City) ext 6 Ms 1960 Hungarian Cons Municipal Loan— ASecured s f g 7 Ms 1945 ASecured s f g 7s Sept 1946 AHungarian Land Mtge 7 Ms A..1961 aS r 7 Ms series b ........1961 Hungary 7Ms ext at 4% to——1979 j J Italian Ored Consortium 7s ser B '47 M S Italian Public Utility s f g 7s..-1962 J j Japanese Govt extl s f 6Ms.....1954 F A Extl sinking fund 5Ms —1965 MN For footnotes see page 30. im:::: "25% 76"" 90 • - - - 10% 30 15 19X4 15% 87% 8% 7M 22% 20M 18% 90o> 10% 10% —- June 27 Jan. 16 Jan. 3 Jan. Jan, Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 17 3 14 Jan. 24 3 11 17 11 10 10 6 Dec. 29 20% July 31 22 Oct. ,4 22 Sept. 20 40% Dec. 18 38% Dec. 9 47% Apr. 17 40 Mar. 9 65% Apr. 12 94% Mar. 11 65 July 20 61 July 24 80% Jan. 24 30% Mar. 13 16% Nov. Feb. 100 101 99 Dec. 15 Dec. 15 July 28 Mar. 13 Apr. 21 96% Mar. 10 108 Jan. 106 Dec. June 13 102% Jan. May 49% Apr. 3 9 60 Jan. 4 104 July 12 Aug. Sept. Sept. Dec. Dec. Dec. Dec. 65 Jan. 74 Jan. Jan. Jan. 73% Aug. 11 73 July 26 73 Aug. 16 66% Jan. 75 July 31 72% Aug. 3 20% June 23 100 63 65 66 16 Jan. 17 9% Jan. 7 Jan. 14 Jan. 9% Jan. 10 8 6 16% Jan. 4 14% Jan. 84% Jan. 17 4 15% Jan. 29 90 Jan. 18 10 11 10% Jan. 11 Jan. 8 1 19% May 31 110% June 14 106 Sept. 5 Sept. 20 June 14 125 105 Jan. May 5 17 21% Jan. 12 Jan. 5 17% Jan. 14 18 27 22 Mar. 16 Jan. 6 24% Feb. 27 37% June 14 8% Oct. 23% Oct. 16% Dec. 15 Sept. 13% Oct. 71 Apr. 30 June 18 27% Mar. 3 25% June 12 85 Dec. 13 19 5% Sept. July 12 Mar. 6 Jan. 5 18 105 7% Oct. 22% Jan. 7 107 5 Sept. 5 4% Dec. 19 17% Jan. 14 10 27 3 Feb. Feb. 100 Dec. 7% Sept. 78% Sept. 98 Sept. 98 Sept. 102 Oct. 7 Aug. 21% June 13% Dec. Sept. 10 Jan. 14 Oct. 35 32 Dec. 19 Feb. 28 Mar. 11 Mar. 10 Mar. 10 101 3 97% Jan. 76 105 Jan. 10 w 19 24% Jan." 5 24 18 17 7% 7% 7% 7% 26% Jan. 16 Jan. 12 Jan. 22 Jan. 30 Jan. 23 6 Sept. 11 11 6 Oct. 11 Jan. Jan. 9 3 61% Jan. 12 Dec. *• Irish Free State external 5s..... 1960 MN j D Italy (Kingdom) extl s f 7s.....1951 25 12% 23% 16% 18% 14% 84% 8% 7 24% J 5 16 14 14 10 20 65 11% Jan. 100 12 24 65 6 31 41 70% 16 14 19% Jan. 28 19% Jan. 28 22% Sept. 25 6 51% Jan. O O MN A Jan. 12% 62% 54% 42% 63 M S A 29 6 Oct. 20 Sale 70 70 6 16 14 Oct. Jan. 14 Sale 71% Sale 7 June 60 Sept. 13% Jan. 15% Jan. 12% Jan. Sale 74 6 16 18 16 16 14 Apr. Apr. Apr. 13 14 Sale 71 71 12 June 24% Mar. 23 19 8 l03"" 70% July Sept. 58% June 27% Mar. 13 23% Jan. 13 18% Mar. 13 Jan. 12 16 18 Jan. 14 Jan. 16 4 18 Jan. 17 16 Jan. 17 18 Jan. 3 16 Jan. 9 18 Jan. 14 16 Jan. 3 Mar. 11 18 June 16 Sale M S A O A O 11 11 10 10 Mar. 10 Jan. 13 Sept. Apr. Apr. Apr. Apr. Apr. Apr. Jan; 17 17 Jan. 21 19% al01% Jan. 101% 102% Jan. 102% 99 Jan. 99 99% 101% 56 Jan. 57% Sale 57% Sale Jan. 100% 102% 102% 105% 101 74 Jan. 74 75 75% Sale 13% 13% r__ 13% 13% £I* Mar. 17 Mar. Mar. Mar. Mar. 58 104 Sept. Sept. Jan. 1 2 Mar. 11 6 102% June 88-% Dec. 29 19% Jan. 18 32 Jan. 4 27 Jan. 10 SeDt. Jan. 14 3 19 el7 23 25 16% 100% 93% Jan. 96% Jan. 4 Nov. 26 26 43 30 30 47% Sale ---- External Sale 30 30 A 8 14 14 13% Sale 13% Sale 13% 14% 13% Sale 13% 13% 14 13% 13% 14 13% 13% 14 12% 15% 12% 13% 12% 17% 12% Sale 12% 12% 13% 12% 12% 13% 15% Sale 12% 13 6% 9 11% 26% II— 26% 30 26% 44% Sale 41% 42% 53% 61 F 30-year "IB" 30% Sale 30 101% Jan. Jan. 31 107 30 96% Jan. ----- 13% 13% 13% O 96% Jan. 102% Jan. 14 J|||-45 O J A 4%s external loan 5 15% 13% Sale Sale 70 58 Mar. Aug. Mar. 111% Jan. 20 111% Jan. 20 104% June 28 106% Aug. 2 Nov. 7 11 A Jan. 27 25 Sale D M S J Jan. 14 83% Jan. 84 7 Jan. 15% zl5% Jan. Sale 92 82% Sale 15 14 5 30 a* M S M S 19 Jan. Sale It* it* }!* it* Jan. 11% Jan. 84 J D 13 15 84 J D 14 89 Sale J J J Jan. Jan. Jan. Jan. 13 MN D 32% June 45 92 13% Sale 16% 17% 16* 12% Sept. 26 11% Nov. 18 62 43 93 A MN 12% 13% 47% Aug. 17 8 56% Jan. 41 64 Feb. 2 44% Apr. 13 44% Apr. 14 44% Apr. 15 47 May 1 32% Apr. 13 15 16 Jan. Jan. 17% Jan. 17% Jan. 18% Jan. 23 56% Jan. 60 Jan. Jan. Jan. Jan. Jan. 23 79 78 87 24 57% Jan. 58 Jan. Jan. Jan. Jan. 61% 60% 61% 60% 41% 15 2 11% Jan. 86 A M S 76% 59% Sale 58% 60 59% 61% 15 Jan. Sale F M S M S 9 2 14 Sale F J MS 79 89 25 Jan. 104% Jan. Sale Sale 9 17 "7% Feb. 24 67 Sept. 21 108 71% Sept. 21 116% 6% Sept. 19 21% 7% Oct. 18 19% Jan. 13 28% Sept. 1 23 Sept. 1 22% Sept. 1 21% 60% Sept. 29 98% 58 Sept. 20 98% 65 Sept. 27 102 6 Sept. 6 11% 95 __ 93 .13% ..,,14™. O 76% Jan. 74% Jan. 85 Jan. 7% Jan. Sept. 20 103% Mar. 15 Mar. 10 52% Sept. 20 99 6 Sept. 6 17% Jan. 7 6% Sept. 22 20% June 23 Mar. 9 65% Sept. 21 108 8% Jan. 12% Jan. 100% Jan. 86% 96% 13 A Sale Jan. 53 53 Sale 12% 17 13 15 Sale Sale 15% MN Sale 96% 102% 32 MN Sale Jan. Jan. Sept. Sept. Sept. Sept. Sept. Sept. 101% Sale 9 A Sale 11% Jan. 17% Jan. 13% Jan. 13% Jan. 76. 75 90 84 Jan..19 13 91 90% Jan. Jan. Sale Sale 2 Jan. 16 16 17 Sale M S J 96 89 100% Jan. 20% Sale 11% 11M Sale Jan. Jan. Jan. Jan. Jan. 13 56% 58 56M 58M 56% Sale 38% 40 106% 96% 93% 96% 88% 88 M 8% 83% 82% 78% 7% 12% Highest Sale Prices Sept. 20 103 % Mar. 10 Sale Prices Sale Prices Sale Prices 22 22 13% 22 17% Sale 13% Sale 14% Sale M S Sale Sale 99% "Sale" 93% Sale 11 13 75 75 87 7 Sale 10 11M 90 94% Sale 102 M 103 % 103 F 4 Ms external debt 81" 7 79 75 7 J 89% Sale J J - 5,000 Dominican Republic s f 5 Ms—1942 1st ser 5Ms of 1926 1940 2d series sinking fund 6 Ms 1940 "¥,660 Customs Adm 5Ms 2d series—1961 3,000 5%s 1st series — 1969 8,000 5Ms 2d series 1969 1945 "¥666 iDresden (City) extl sf 7s El Salvador (Rep) 1st s f 8s A. - -1948 AOertificates of deposit 35,000 1967 3,000 Estonia (Republic) 7s 1945 49,000 Finland (Rep of) external 6s 7,000 AFrankfort (City of) 8 f 6%s——1953 26,000 French Republic 7 Ms stamped- -1941 "¥660 J M S Ask YEAR 1939 Lowest Highest Lowest Jan. 31 Ask Bid Bid MN RANGE FOR PRICES IN JANUARY Jan. 2 EXCHANGE foreign govt (Continued)~ 519,000 Australia 5s of 1925---July 16 1955 External loan 5s of 1927—---1957 183,000 External g 4%s of 1928———1956 302,000 18,000 AAustrian Govt s f 7s.---------1957 1,000 iBavaria (Free State) extl6%s—1945 203,000 Belgium 26-yr external 6%s——1949 External sf 6s 1955 212,000 External s f 7s 1955 110,000 6,000 ABenin (Germany) s f 6%s 1960 AExternal sinking fund 6s 1958 1,000 464,000 ABrazil (U 9 of) external 8s 1941 AExtl s f g 6 %s of 1926 -1957 541,000 AExtl s f 6%s of 1927—1957 530,000 ACent Ry 30-year g 7s -1952 566,000 ---1957 12,000 Brisbane (City) s f 5s— Sinking fund gold 5s 1958 16,000 3,000 20-year s f 6s 1950 1962 22,000 iBudapest (City of) 6s--_Buenos Aires (Province of)— a6s stamped - - -1961 352",066 Readjustment 4%-4%s 1977 Refunding s f 4%-4%s 1976 94,000 Extl readjust 4%s-4%s -1976 79,000 Extl s f 56,000 4%-4%, | bonds -1975 3 %b external s f $ bonds 7,000 1984 Bulgaria (Kingdom of)— ASecured s f 7s 1967 8,000 AStabilization loan 7 %s 1968 44,000 5l",066 49,000 N. Y. STOCK Jan. 1940 38,000 107,000 125,000 58,000 63,000 106,000 153,000 50,000 61,000 48,000 26,000 39,000 76,000 29,000 51,000 35,000 25,000 59,000 36,000 59,000 95,000 50,000 12,000 3,000 24,000 3,000 4,000 33,000 3,000 5,000 1,000 11 BONDS 7% A 6/i Oys 22% 91 "30"" 94% 70% Sale 70% 75 53 79 J 60 j 7 8 7% 7% 7% 26% Sale ...— 95 69% Sale 70 71% Sale Sale 51 Sale 79% Sale Sale 58 Sale 7 7 Jan. Jan. 7% Jan. 22 7 Jan. 17 25% Jan. 16 Jan. 9 92 69% Jan. 9 17 24 25 72 92 68 Jan. 50% Jan. 77% Jan, 57% Jan. 29 4 6% Sept. 21 10 6% Dec. 15 10 16% Oct. 16 30 86 Sept. 21 113 45% Sept. 2 39% Sept. 14 75 30 Sept. 2 61 64% Aug. 21 85 50 Aug. 22 65 Mar. Mar. Mar. Mar. 11 13 10 15 Jan. 10 Feb. 20 Jan. 9 Jan, 6 Nov. 2 Jan. 18 Jan. 5 N. T. STOCK EXCHANGE—BONDS &0] tN PRICES IN JANUARY BONDS »7Tg X 2, 40" 21 "4" 17 15 12* 38 17" N. Y. STOCK EXCHANGE foreign 22 49 4 2 52 100 118 263 336 593 248 18. 56" 76 147 12 1 280 93 83 a6s series A New South Wales ext of). 7s 7s. 15, 241, X A IX 54 Jan. IX X 22 17 8 134 Jan. 5334 Jan. Jan. 3 Jan. 3 22 25 Jan. 2 10 Jan. 24 Jan. 24 20 Sale 8X 44 X 4154 8934 40 38 H son 79 H 6X Sale 10 Sale Sale 11 90 A *50 1234 854 734 1946 1953 _ 7 6 834 834 1454 12 Sale 91 Jan. 19 8954 Jan. 30 55 2 89 Jan. 30 Jan. 23 56 85 Jan. 12 8334 Dec, Jan. 13 68 6154 6034 7654 734 734 Sale Sale J 40 f—.......1952 MN kQHs extl secured s f 1957 MN 8 Sale 734 Sale 22 12 854 734 1936 J 1950 J a7s extl water loan— J J 1956 M S .....1968 J J a6s extl dollar loan f g 7s 1940 A O 1945 J D ASinking fund gold 6348_Dec 1946 J D ASaxon State Mtge Inst 7s 13 834 734 734 Sale 854 Sale 24 Sale 14 15 14 1962 MN 1134 1962 MN 11 7s. 1958 J D 5 16 1234 1958 D ASileeian Landowners Assn 6s—1947 A 12 A 83 34 5554 Sale 86 55 39 Sale 3634 Sale 53 MN 5634 5234 4954 MN 4954 J M S s f 5 Ha guar 1961 A AUruguay (Rep) externals f 8s..l946 AExternal sinking fund 6s i960 AExternal sinking fund 6s 1964 3 54-4-4 H % ($ bonds of 1937) External readjustment 1979 O F A 5 5 1534 88 52 Jan. 10334 Mar. 10 10154 Jan. 3 68 Jan. 19 Sale 6134 Jan. 18 Jan. 13 Sale 63 Jan. 17 73 Jan. 13 Sale 7534 Jan. 20 80 Jan. 13 Jan. Jan. Jan. Jan. Jan. Jan. 9 19 11 24 4 50 Jan. : 10634 June 23 8834 July 28 23 4334 Jan. : ^83 34 July 26 854 Jan. 24 1734 5534 5534 Sale 5154 72 6734 10434 10434 80 7434 7034 6934 Jan. Jan. Jan. Jan. Jan. Jan. 26 31 20 29 4 29 634 Jan. 13 934 Jan. 3 .9.34-Jan.,-. 8 934 Jan. 9 ^ 5834 5434 7234 10534 7434 7434 1034 Jan. 23 ■10 34 • Jan. 20 1034 Jan. 20 654 Jan. 16 11 9 634 Jan. 15 Jan. 18 9 7 Jan. 6 Jan. 10 11 Jan. 1154 Jan. 99 Jan. 9034 Jan. 21 8 34 834 Jan. 734 Jan. 5 18 8 3 Jan. 18 734 Jan. 754 Jan. 634 Jan. 17 834 Jan. 754 Jan. 1134 Jan. 15 16 Sale 1034 10 17 734 Jan. 11 9 3 934 Jan. 954 Jan. 1234 Jan. 20 12 Jan. 12 20 8 64 12 8 24 Jan. 2 Jan. 16 Jan. Jan. Jan. Jan. 19 16 9 22 Jan. 2 9 Jan. 24 1034 954 954 934 6034 934 Jan. Jan. Jan. Jan. Jan. Jan. 24 7 24 6 24 654 634 3734 734 24 2 10 22 854 854 754 Jan. 7 Jan. 3 17 Sale 12 ----- 7 ----- 854 Jan. 934 Jan. 20 24 12 1434 Jan. 17 17 10 Jan. 25 16 10 Jan. 25 934 Jan. 24 34 Jan. 27 11 18 Jan. 18 1134 Jan. 1134 Jan. 8 5 Jan. 5 Jan, 13 15 1554 Jan. 4 9 1254 Jan. 1234 Jan. 10 5 Jan. 13 5 Jan. 15 1554 Jan. 8 9 Jan. 15 87 Jan. 24 15 5834 Jan. 9 37 Jan. 25 39 Jan. 2 53 Jan. 31 5634 Jan. 2 5234 5234 5234 53 Jan. 18 53 Jan. 52 Jan. 10 53 Jan. 5634 3834 Sale 85 "4", 2. ~~6~, 200, 42 107 Oct. Jan. 15 29 Mar. Mar. Mar. Mar. Jan. June 25 20 Jan. 11 1954 May 19 1 12 20 634 Sept. 15 ,554 Sept. 27 18 12 Dec. 15 1034 Sept. 7 Sept. 22 10 634 Dec. 434 Oct. 15 5 5934 Oct. 9 49 60 52 49 Jan. 3 47 Dec. 47 Sept. 43 Jan. 20 40 X Aug. 17 Jan. 24 40 26 37 Jan. 19 36 16 30 35 Jan. 16 Feb. 20 46 Jan. 16 50 Jan. 26 43 Jan. 25 45X Jan. 834 Jan. 3754 Jan. 30 35 Aug. 23 3734 Apr. 11 854 Jan. 26 554 Jan. 5634 Jan. 12 "50" F A 634 F A 6 Sale J D 59 Sale 51 53 Sale 7 41 43 34 834 534 5 5534 834 57 29 15 9 17 Dec. 27 634 Dec. 5 334 Sept. 18 4954 Aug. 26 734 Jan. 5934 Jan. 7 10 16 5034 Jan. 8 10 Jan. 9 Jan. 27 Feb. 25 Feb. 15 29 45X Jan. 4834 Jan. 4534 Jan. 2534 Jan. 33 28 :03 3 O 28 Mar. 10 16 3 MN 1434 Mar. 11 19 54 Jan. A Mar. 11 26 534 Sept. Sept. Aug. 33 54 Aug. 4734 Aug. 4354 Jan. 4354 Jan. 48 15 50 50 4834 Sale Sale 1554 Mar. 11 47 Sale 47 Mar. 13 2534 May 15 25 May 11 4534 4734 4954 38,34 48 18 32 Sept. 22 Oct. 5 Jan. 3 Sept. 19 654 Sept. 22 4834 J 9 1434 Mar. 11 1454 Mar. 11 834 Sept. 14 4454 A 11 11 11 11 9 5 654 654 634 1454 4334 D Mar. 10 1554 1534 1434 1434 6934 22 34 20 4334 F 8 1934 Aug. 1 1954 Aug. 1 L0634 Mar. 17 4054 J Mar. 11 1734 Mar, 14 70 Feb. 28 44 J June 15 MN 354-434-4'i«% extl conv 1978 4-434-434s external readj....1978 334s external readjustment... 1984 Venetian Prov Mtge Bank 7s—1952 a Vienna (City of) 6s 1952 AWarsaw (City) external 7s 1958 a4 34s assented 1958 Yokohama (City) extl s f 6s 1961 May 31 44 1979 MN External conversion— Jan. Mar. 15 54 '50 31X Mar. 1 1434 Mar. 11 1334 Mar. 11 Sept. Sept. Sept. Sept. Sept. Dec. 351-4-4H% {% bonds of 1937) 17, 25, 86, 11 10 IT 11 12 7 5 14 2 16 5534 Jan. Sale Mar. Mar. "Mar. Mar. 42 July 36 J4 June Oct. 19 8 20 634 Jan. 534 Jan. 8 Sale 16 Jan. 1334 1334 12 34 1234 Sept. Sept.: Sept.: Sept.: 7 Sept.: 75 Sept.: 5534 Sept.: 27 Oct. 103 Dec. 634 634 434 534 16 5 2 9 Jan. 1934 Mar. Sept. 554 Jan. 734 Sept.: 634jSeptr 634 Sept. 634 Sept.: 434 Sept.-: 7 Sept. 434 Sept. 654 Sept. 434 Sept.: 2 4 59 55 9934 Apr. 26 7 104 July 4334 July 1234 Jan. 934 Jan. Dec. 48 16 10154 Jan. 98 3 Jan. 21 12 Jan. 834 754 754 734 5554 1534 zl334 Jan. 8 Jan. 934 Sale 834 734 Jan. 954 754 9 734 Jan. 3154 Sale 2154 Jan. 1734 Jan. 1754 1654 1234 1134 534 105 Sale 9234 9234 7754 7334 (Kingdom)— a8s secured external a7s series B sec external ASilesia (Prov) extl sink fund Dec. Dec. Dec. Dec. Sept. 18 17 (State of)— *a8s extlloan of 1921 a8s external Mar. 10 Mar. 9 Aug. 17 Mar. 14 Jan. 754 754 54 L0154 10154 10534 10634 Jan. 934 8 954 8 934 8 1234 5554 Sale 9 7 June 22 June 88 734 8 Mar. 11 1534 Mar. 11 88 954 Sale 91/ 8 34 14 14 20 15 9 Sale 7 54 Sale 24 Sale 19 60 s 40 2 1154 "1434 1154 1234 10134 Sale 9654 Sale 734 (City) external s f 634s_.1952 (Kingdom of) 7s...1959 AFebruary 1937 coupon paid ASaarbruecken (City) s f 6s 1953 J Sao Paulo (City of)— 19 — Sale Sale 7 X ARoumania Jan. 8034 Jan. 7934 Jan. 834 754 Sale 9 Rome 40 Sale 13 54 754 8 5634 Jan. 16 "54" 91 Mar. 15 55 Jan. 14 25 15 May Mar. Mar. Nov. Mar. Oct. Oct. Sept. Sept. 44 12 25 14 1 Sept. Aug. 5 834 Jan. 2 18 24 154 1H 154 134 134 Sept. 6 Dec. 21 Aug. 14 Sept. 16 20 7 ..... 12 Mar. Nov. May Jan. May June Mar. May Mar. Dec. 22 Jan. 95TSale 834 5 Jan. 44 954 25 1634 7234 34 154 154 154 154 134 19 Dec. 20 Feb. 4 Aug. 21 Sept.26 Jan. 27 Jan. 6 Dec. 28 654 654 31X 3134 934 10 1034 934, Sale,. 934 3 34 34 34 54 54 34 54 34 34 34 54 54 3154 10 754 1134 754 1054 Rio Grande do Sul (State of)— a8s extl loan of 1921 1946 a6s extl sinking fund gold 1968 a7s extl loan of 1926 —1966 a7s Municipal loan 1967 External 54 Jan. 54 Jan. IX Jan. 9934 s 23 4 4 8 ASinking fund gold 6s 1952 Queensland (State of) ext a f 7s. .1941 25-year extl s f 6s Feb 15 1947 ASec 134 Jan. 34 Jan. Jan. 34 Jan. 48 11 a8s extl secured 9 Sale 1952 634s Jan. 3834 Jan. 19 23 Mar. 21 1 May Sale iPmssia (Free State) ext s f 634® 1951 AExternal sec 64 9X 1966 ser Oct. 22 49 X 6 ARhine-Main-Danube deb 7s ARio de Janeiro (City of) 8s 10 Jan. Sale 8 Prague (Greater City) 734s 1 Nov. 4 75 Jan. 8 Sale 1961 a434b assented 1, 24, 85, 14, 195, 1, 4, X 1963 APorto Alegre (City of) 8s AExternal loan 7 Ha Serbs Croats & Slovenes 19, 57, IX ex San Paulo 8, 155, 142, 93, 591, 3, X 54 1950 s 1 % f 8s AExternal Jan. Sale Prices Sept. 20 Sept. 21 1 z72 1* a IX 434s assented 15 1434 Jan. 16 7 8 1939 Highest Sale Prices 30 19 834 7% AStabilization loan 7s——..1947 434s assented 18 1754 Jan. 1234 Jan. 52 H 1940 1958 434s assented.. 1, 5, 35, 30, 134 a 54 1968 APoland (Rep of) g 6s 19 --- "75 74 Sale 1 934 954 9 34 7X 654 1254 654 2~ 69, 141, 44, 45, 75, 13, 15 H 75 12 M S M S J D ^National loan ext s f 6s.—1961 A 539 Sale Prices Jan. 1234 Jan. YEAR Lowest J 1947 M S 1959 M S 19601J ^National loan ext s f 6s Sale Prices 15 1234 Jan. 1154 1054 Sale External s f g 5s 8834 Sale 91 91 Norway 20-year ext s f 6s. 1943 F A 90 X Sale 91 20-year external s f 6s 1944 F A Sale 75 External sinking fund 434s—1956 M S 7034 72 X Sale 67 External sinking fund 434s—1965 A o Sale 71 4s sinking fund extl loan 6654 1963 F A 80 7634 Municipal Bank ext s f 5s 1970 J D 17 H 1134 ANuremberg (City) external 6s. .1952 F A "10" 54 57 X 58 H Oriental Developments 6s 1953 M S External deb 5 Ms 52 52 X 1958 M N 5154 71 80 Oslo (City) 434s extl sink fund. .1955 A O APanama (Rep) external 5 34s-- 1953,7 D 103 X 106 X 10354 AExtl s r 5s ser A—May 15 1963 MN 70 Sale a Stamped 72 "6934" (assented) 1963 MN iPernambuco (State APeru (Rep) Sec s f g Highest A O 1959 MN f g 5s—1957 F A 1958 A O s Ask 18 17 RANGE FOR Lowest "~J4 H X D J J (Italy) ext loan 634s.l952 Brazil)— 1958 ASec extl s f 6 Ms 1959 ^Montevideo (City) 7s 1952 10H 70 H J D J J J J J J ASmall As, 20 14 D "~8~~ "I" J J D J D MN MN Q J Q J Q J Q J Milan City Minas Geraes (State of, ASec extl s f 634s Jan. 31 k^Bid Bid (Concluded) A Lower Austria (Prov) 734s 1950 iMedellin (Colombia) 634 s 1954 Tfclendoza (Prov) 4s readj ..1954 AMexican Irrigation 4Mb gtd—1943 a434s stamped assented 1943 AMexico (U S) extern 5s 1899 £-1945 a Assenting 5s of 1899--——1945 AAssenting 5s large AAssenting 5s small ---a4s of 1904 1954 AAssenting 48 of 1904 1954 AAssenting 4s of 1910 large. AAssenting 4s of 1910 small...... * ATreas 6s of' 13 assent (large) 1933 84, 4, 5, 12, 18, 26, 141, 102, 3, 66, 264, Jan. 2 •SB- iJugoslavia (State Mtge Bk) 7s.1957 A O iLeipzig (City) external s f g 7s.-1947 F A * 105 govt 21 Sept. 6 Dec. 11 Mar. 2 11 9 4434 Nov. 21 4554 Nov. 24 4934 Nov. 28 41 Oct. 51 Mar. 11 1834 Mar. 34 Jan. 31 Jan. 60 May 25 2 5 11 5 railroad and industrial companies 107, 4, 6, 47, 13, 2, 22, 8, 3, 40, 238, 171, 300, 5. 61, 83, 75, 218, 2, 405, 252, 83, 572, 353, 282, 7, 45, AAbitibi Pow & Paper 1st 5s.. 1953 J Adams Express coll tr g D 1948 M 4s 434s stamped 1946 F A .% Adriatic Elec Co external 7s Ala Gt Sou 1st cons 5s ser A First cons 1952 A 1943 J 1943 J 4s series B— O D D Albany Perforated Wrap Pap 6s.1948 A O 6s with warrants assented. 1948 5554 Jan. 24 Jan. 2 10434 Jan. 27 6 Sale 10734 Jan. Jan. 16 10354 Jan. 15 10854 Jan. 31 70 Jan. 109 Jan. 107" 10734 10734 10734 10734 Jan. 23 109 Jan. 3 10734 Jan. 10854 67 52 60 A 7634 Collateral and convertible 5s..1949 J a 5s stamped ...1950 A D Sale" 10754 83 434» debentures 1998 1942 1950 -.1951 A O s f debs 234-5« Amer Water Wks & El 6s ser A. 70 4134 5934 106 A O 100 F A 96 5934 60 60 53 Jan. Jan. 3 85 Jan. 25 2 60 Sple 87 Jan. 67 34 Sale 7634 Jan. 6634 Jan. 30 4434 Sale 41 Jan. 15 8034 Jan. 7054 Jan. 4454 Jan. 59 Jan. 17 61 59 34 10634 10554 106" 10554 Jan. Sale 100 Jan. 10034 101 Sale 9534 Sale 110 34 31 Sale 1634 63 9634 Sale 31 9454 Jan. 110 Jan. 1734 Jan. Sale 61 Jan. 22 Jan. Jan. 29 10634 Jan. 2 10134 Jan. 16 97 Jan. 12 11054 Jan. 20 12 1734 Jan. 6434 Jan. 15 103 34 Jan. 20 10434,, Jan. 23 4 2 20 5 . . 10334 Sale 102 Jan. 103 104 103 Jan. 109 Sale 108u*i Sale 10854 10854 Sale Jan. Sale Jan. Jan. 24 109 Jan. 5 26 107 Jan. 11 Jan. 16 109 Jan 107^ 108 108J4 Sale 10734 10854 Sale 106 10534 10634 10534 107 10834 10834 Sale 19 Nov. 20 Dec. 21 Dec. 27 Oct. Sale 16 10934 Jan. 26 10954 Jan. 30 Dec. Aug. 22 Mar. June Sale 10834 Jan. 24 18 Dec. 10 103 O 3534 Sept. 25 85 10654 Dec. 11 10934 10234 Sept. 25 108 3234 Mar. 28 60 32 Apr. 3 6034 Mar. 11 July July 72 Jan. 23 85 5 6634 Sept. 1 87 5 57 Apr. 10 79 25 2234 Sept. 1 5034 12 4934 Apr. 5 60 3 10234 Sept. 19 108 10434 1966 J D 1950 j J 1975 MN 67 1 June 12 105 9934 June 22 104 10034 Feb. 16 108 18 Sale 11034 13 34 6334 25 4 5234 8534 7754 "43" 23 Jan. 74X 7934 31 58 52 Sale 2 1961 A 334s debentures Found Sale 3454 Sept. 100 ~ 1943 MN 20-year sinking fund 534s 334» debentures Am Type 85 M S Allis-Chalmers Mfg conv 4s....1952 M S AAlpine Montan Steel 7s 1955 M S Amer & Foreign Power deb 5s 2030 M S American I G Chemical 534s... 1949 MN Amer Internat Corp conv 5 V4s--1949 J j American Telephone & Telegraph— 70 58 68 Allegh & West 1st g guar 4s Allegh Valley gen gu 4s 10434 103 109 F Allied Stores Corp deb 434s Jan; Jan. "o O 51 102 A Albany & Susq 1st guar 334s 1946 Allegheny Corp coU tr conv 5s.. 1944 Sale 104 104 102 1947 J 54 Sale' S D Collateral trust 4s of 1907 5 2 2 12 5 93 A or. 29 101 8834 May 97 2 106 34 Apr. 10 112 13 34 Nov. 15 40 Oct. 27 Sept. 22 Sept.27 8ept. 28 8 3 13 Nov. 8 Mar. 9 Jan. 5 4834 Jan. 28 6554 June 9 98 Sept. 25 10354 Nov. 15 9454 Sept. 5 10434|Oct. 26 105 Sept. 9934 Sept. 99 Sept. 10234 Sept. 9934 Apr. 1 22 23 12 18 11234 11054 11054 11134 10954 ■ Jan. 12 June 8 June 12 Jan. 13 Dec. 7 I mMM For footnotes, see page 30. m / 1 22 SALES IN Dec. 1939 EXCHANGE—BONDS N. Y. STOCK 176,000 32,000 7,000 370,000 134,000 618,000 15,000 76,000 179,000 Anaconda Cop Mln s f deb 4MS-1950 Anglo-Chilean Nitrate— 1967 ^Sinking fund income deb 216,000 July 1995 112,000 lAnn Arbor 1st g 4s_ 17,000 Ark & Memp Bdge & Term 1st 5s '64 1955 409,000 Armour & Co 4s a f ser B (Del) 1st M s f 4s ser C (Del) 1957 206,000 Atcbinson Topeka & Santa Fe— Gen g 4s 1995 617,000 Adjustment g 4s July 1 1995 10,000 Stamped 4s July 1 1995 45,000 Conv g 4s of 1909 1955 1,000 Conv g 4s of 1905— 1955 35,000 Conv g 4s of 1910 ---I960 15,000 Conv deb gold 4 Ms 1948 216,000 Rocky Mtn div 1st 4s A 1965 9,000 Trans-Cont Short Line 1st 4s gl958 39,000 Cal-Ariz 1st & ref 4 Ms ser A--1962 49,000 1946 1,000 Atl Knox & No 1st g 5s 6,000 Atl & Char Air Line 1st 4 Ms A.. 1944 1st 30-year 5s ser B 1944 23,000 July 1952 243,000 Atl Coast L 1st cons 4s General unified 4 Ms series A -1964 163,000 A Q 6,000 16,000 6,000 203,000 18,000 23,000 44,000 9,000 33,000 27,000 201,000 155,000 80,000 153,000 42,000 26,000 87,000 75,000 31,000 27,000 6,000 544,000 138,000 168,000 433,000 416,000 256,000 339,000 160,000 331,000 257,000 183,000 924,000 687,000 65,000 31,000 95,000 132,000 21,000 39,000 31,000 60,000 40,000 105,000 43,000 41,000 21,000 68,000 59,000 5,000 73,000 266,000 157,000 82,000 321,000 276,000 290,000 146,000 90,000 -106,000 133,000 245,000 648,000 351,000 19,000 81,000 102,000 143,000 23,000 34,000 12,000 9,000 110,000 77,000 65,000 36,000 49 J F in A J J A O - Nov 85M 85 M 92M D J 13",656 "6",000 5,000 4,000 J J 92 J J 95M 384,000 30,000 72,000 32,000 130,000 182,000 34,000 160" 006 151,000 25,000 6,000 56", 660 34,000 163,000 46,000 237,000 155,000 194,000 50,000 65,000 224,000 332,000 100,000 361,000 99,000 166,000 131,000 199,000 967",000 143,000 64,000 73,000 266,000 157,000 88,000 1,000 82,000 79,000 16,000 25,000 7,000 30,000 28,000 156,000 23,000 201,000 122,000 175,000 33,000 120,000 152,000 124,000 131,000 384,000 75,000 279,000 164,000 124,000 -- 1960 F A 1941 MN 68,666 37:666 15,000 29,000 52,000 6,000 2,000 153,000 61,000 102,000 "5",000 2,000 15,000 "9",000 6,000 7,000 89,000 483,000 127,000 22,000 218,000 1,000 763,000 5,000 89,665 16,000 3,000 78,000 41,000 50,000 3,000 1,000 Sale Sale 58 ~ 25 25 15 H 15 M 57 M 56 M Sale 44 M ~29~" % 22 13 Sale 50 66 M 38 14 % 06 M 1st lien & ref. 5s series B Buffalo Gen Elec 4 Ms ser B Buffalo Niagara Elec 3 Ms ser Sale D F A J D "•JiBurl Ced Rap & Nor 1st 5s. .1934 AO 9,000 8,000 16,000 2,000 44,000 144,000 52,000 37,000 208,000 3,000 Guaranteed 5s__ 219,000 17,000 Central RR & Bkg of Ga 5s __ i960 30 26 Jan. J J J J M S Sale Jan. Jan. Jan. Jan. Sale Sale Sale 62 109 M 85 M Sale §5M Sale Sale 43 J D F A MIV A O 89 84 aVA A O J 9 6M 69 M Jan. 8 5 68 M 6 68M 42 M Sale Sale Sale Jan. 4 59 Nov. 21 108 M Dec. 16 98 M 73 Dec. 19 101M 39 M July 26 40 38 3 10 2 116M Jan. 27 133 M Jan. 17 4 16 15M Jan. 15M Jan. 15M Jan. 22 19 17 31 31 110 Sept. 122M Sept. 23 107M Jan. 26 Jan. 109 46 Nov. 4 Jan. 46 Nov. 15 47 Jan. 15 5 7P 4 Jan. Jan. 4 May 46 11 Jan. 28 22 Feb. 65 Dec. 64 3 73 M Jan. 2 109M Jan. 30 87 M Jan. 86 M Jan. 30 20 20 45M Jan. 42M Jan. Jan. Jan. 10 84 Dec. 22 Sept. 45 23 Dec. 38 Mar. 1 Dec. 29 12 Feb. 50 Aug. 17 92 Mar. Jan. 9 Jan. 8 Jan. Jan. Jan. 30 J an. 2 10 Jan. 10 Jan. 24 Jan. 3 8 23 Jan. 5 Jan. 3 31 5 Jan. 12 July 69 Jan. 4 Jan. 12 Jan. 44 3 22 54 M Jan. 29 104 M Jan. 29 22 64 M July 35 Apr. 47 Apr. Jan. 92 3 91M Sept. 88 M Sept. 86 19 113 Jan. 87 16M 33 Sale 89 Sale 33 ""6M 2M 2M 64 Jan. Jan. 3 85 29 108M Jan. 3 83 M Jan. 3 74 M Jan. 7M 3M Sale 8 10 5 8 88 Jan. 24 109M Jan. 29 97 Jan. 10 20 Jan. 25 2M Jan. 6M Jan. 18 5 J an. 11 11 31 29 23 , sy* 98 6M 100 Sale Sale 9 11 5 5 110 Jan. 44 Jan. 17 15 Jan. Jan. 67 Sale 4 Sept. 25 5 Dec. Jan. m 107M Jan. 95 M Jan. 76M Jan. 13 J an. 31 109 2 110M Jan. Jan. 48 23 5 3 11 3 30 4 66 Jan. 63 63 Jan. 25 63 Jan. 49 M 61 Sale 49 Jan. 24 54 Jan. 3 65 58 J an. 2 62 M Jan. 18 108M Jan. 6 Sept. 14 Aug. 23 2M Dec. 28 2M Sept. 2 Sept. 8 May 16 6 Apr. Sale Sale 4 May 30 66 M 60 O 109 Apr. 8 20 M Jan. Jan. 15 18 Jan. 27 110 26 73 H Jan. Sale Sale Jan. ~46M 109 M 58 Jan. 76 110M 41M Sale 71M Sale 95 10F 16 85 12 90 Jan. Mar. 20 9 May 29 July 17 96 Oct. 23 52 Feb. 27 97 Mar. 16 19M Jan. 18 33 Oct. 31 12M Jan. 6M Jan. 3 Jan. 7 21 10M Oct. 6 5 6M Aug. Sept. 26 8 Jan. 16 Jan. 5 81 Apr. 11 104 H Sept. 13 111M Oct. 24 112M 108 24 Aug. 11 46 28 12 Sept. 1 12M June 17 24 42 Dec. 20 Mar. 10 June 26 Nov. 18 Mar. 6 Feb. 1 Jan. 15 Sept. 5 110 77 H Mar. 10 64 Sept. 1 64 Apr, 18 72 M Mar. 9 40 H May 17 63 X Mar. 11 Nov. 48 3 Aug. 21 100 25 29 18 18 21 Jan. 23 Feb. 20 Nov. 24 107 Dec. 79 Sale 18M Sale Sept. 22 100 95 Sept. 22 114 67 Sept. 20 100 94 60 M Sept. 20 45 Feb. 11 40 Jan. 20 109 105 66 76 12 90M Jan. 16M Jan. 30M Jan. 7% Jan. 3M Jan. 3M Jan. 6M Jan. 7 76 M 100 109 108 Sept. Sept. 28 110M July Sept. 19 124 H July 82 50 M Sept. 20 Jan. 43 2 8M Jan. 30M Jan. 6M Jan. 3 ioH F 18 Feb. 28 13 Sept. 27 7 Mar. 7 6 10 49 M Sept. 12 17 60 Sept. 14 3 103 M Dec. 21 8 96 M Jan. 10 28 117 July 20 19 117 July 17 28 121 June 10 28 120M June 12 20 119M July 17 28 117 July 28 103 26 3 12 July 17 Aug. 16 Aug. 2 Nov. 20 87 Jan. 50 4M "51M Sept. Sept. Sept. 92 M Sept. 91 Jan. 7M O 80 30 103 J30 103 7 46 M Dec. 84 Jan. Dec. 14 5 113M Oct. 18 107 M Sept. Oct. 31 108 Aug. 31 26 M Jan. 30 Sept. 27 Oct. 9 25 M Jan. 26 Jan. 9 87 106 Sept. 5 113?; 6 115 103 M Jan. 99 72 M Jan. 26 4 105 Jan. 93 Jan. 3M Sale 3M Sale 9 5M 110 75 M Sept. 27 2 Nov. 75 Jan. Jan. 2 5 Oct. 3 18?8 Dec. 29 June Dec. 30 20 Jan. 85 25 31 103 M Jan. Jan. 31 Sept. 27 Aug. 5 85 Jan. 31 111 Sept. Apr. 6 3 108 Jan. 108 % 110 96 M 95 M 94M Jan. 52 M 12 9 9 Nov. 9 4 Jan. Jan. 43 7 Dec. Jan. 25 Jan. June 5 Feb. 16 26M Jan. 48 48 29 107 IF 93 Sept. 5 70 28 114M Sept. 13 100M Dec. 23 Apr. 31 105 74M Sale 30 16 Jan, 100M 99M 99M 110M 60M Nov. 28 Nov. 22 June 27 28 Feb. 2 Sept. 2 108] 105 M June 13 Sept. 11 3 2 101M Jan. in Mar. 17 6 119 8 136 M Aug. 7 6 Sept.14 7M Sept. 29 7M Sept. 22 Jan""i0 26 108M 2 105M Jan. Jan. 104 Sept. 27 Sept. 27 Nov. 29 Jan. 17 25 Sale Oct. IF Jan. 13 Sale 10 62 Jan. Jan. 104 Sale Sept.,26 33M Sept. 26 Sept. 27 26 Sept. 27 24 M Sept. 27 62 M Sept. 28 33 13 5 e50 Jan. Sept. 27 Sept. 27 Sept. 27 Jan. 5 84 37 36 33 M 32 72 2 99% Jan. 101 % Jan. 103M Jan. Sale Sept. 27 Sept. 28 34 M Sept. 27 Sept. 27 73 Jan. 40M Jan. 51 % Jan. 102M Jah. Sept. 27 100 Jan. 110M 112M 110M 108 108M 36 36 M "39"" 36M 37M 35M Sale 7 5M WA 2 46 105 20 2 38 Sale 9 Oct. 16 Jan. 100 Jan. Sale Jan. Sale Jan. Sale 63 Sale Jan. 83 84 80M Jan. Sale 104 M 105 M 104M Jan. Sale 83 M Sale 80 H 79M Jan. Sale 3 Dec. Nov. 13 Jan. Jan. 60 30 July 28 June 7 June 5 July 28 Aug. 7 Mar. 17 May 31 July 3 June 20 June 3 Dec. 19 Dec. 28 Aug. 23 Mar. 8 Mar. 9 Aug. 4 Jan. 6 July 28 Mar. 9 Sept. 14 June 1 Jan. 39M Jan. Sale Sale A Jan. 94 It* 1942 MN 82 106 J A 109M Jan. 83M Jan. 112M Jan. 111M Jan. 93 M Jan. IF 108 M 109 92 7 IF 88 M Sale 112M 113 112M Sale 42 M 53 M 51M 103 M Sale 102M 84 M 83 M 85 99 M 103 M Sale Sale 101M 103 M Sale 103 107 M 105 M Sale" 101H 99 Vs 103 M Sale Sale 99M 103 110M 113M Sale 8M 30M Jan. 46 7 June 22 June 21 Jan. 87 5 "88"" 9 81 72 9 Dec. Dec. 28 Feb. 58 3 101 70 18 15 40 Sale J\ 14 88M Jan. 4 4M M S Jan. 34M Feb. Sale 42 5 M S Jan. 3 24 Sale 90 86 M 113M Sale 112M Sale 95 M Sale 105 M Sale 112M Sale 108 M 108 41 39 M 38M Sale 61 80 M Sale 4M M S 24 26 10 11 Jan. 16 M Jan. 16 M Jan. 16 Apr. 10 Apr. 9M June 44M Jan. -4 Jan. 29 Jan. 47 M r56 40 M Sale" 89 M 40 M Sale M D A 24 Jan. 33 Sale 26 F 10 16 _ 47 M Jan. 46 M Jan. M Sale 38 M J J 29 19 19 Jan. 68 M 70M MIV 10 June 17M Apr. Jan. 15 64 J J Apr. Jan. 43 41M Jan. 41 % Jan. 40M Jan. 66M Jan. 109 M 24 Jan. 31 Sale J J Jan. 24 66M Jan. 106M 104M 104M 100M 30 Jan. 16 Sale 107 M 79 M J Jan. Jan. 18?» M S 3 Jan. 70 29 M Jan. 29 89 71 25 IF IF Jan. 72 40 1955 1960 1966 1962 Calif-Oregon Power 4s Canada Sou con gu 5s ser A Canadian Nat gold 4 Ms 1957 Gu iranteed gold 5s July 1969 Guaranteed g 5s Oct 1969 Guaranteed g 5s 1970 Guar gold 4 Ms June 15 1955 Guaranteed gold 4 Ms 1956 Guaranteed gold 4 Ms 1951 Canadian Northern guar 6 Ms 1946 Canadian Pac 4 % deb stock Collateral trust gold 4 Ms 1946 5s equip trust ctfs. 1944 Collateral trust g 5s 1954 Collateral trust 4Ms -.I960 i ACarolina Central 1st gu g 4s 1949 Oaro Clinch & Ohio 6s ser A 1952 Carriers & Gen Corp deb 5s w w_1950 Carthage & Adir 1st gu g 4s 1981 Celotex Corp deb 4Ms w w 1947 ACent Br Un Pac 1st g 4s. 1948 X ACent of Ga Ry 1st g 5s.-Nov 1945 AConsol gold 5s 1945 ARef & gen 5Ms series B -.1959 ARef & gen 5s series C 1959 AChat Div. pur money g4s 1951 AMacon & Nor Div 1st g 5s 1946 AMiddle Ga & Atl Div pur m 5s '47 AMobile Div 1st g 5s 1946 Central Foundry 1st mtge 6s.-.1941 Central mtge 5s .1941 Cent Hudson G & E 1st & ref 3M-'65 Central Illinois Light 3 Ms 1966 lACentral New Eng 1st guar 4s 1961 J ACentral of N J gen g 5s. 1987 A General 4s 1987 Central N Y Power 3Ms.-». 1962 Cent Pac 1st ref guar g 4s 1949 Through St L 1st gu g 4s 1954 15 Jan. 45M 62 1952 Consolidated 5s Bush Term Bldgs 1st 5s gu 30 Jan. 10 65 8M 40 MN 16 15 62 38 J 4 12 23 97 37 M 75M Sept. 21 106M 19 M July 1 48 59M Sept. 6 82 99 Sept. 14 102 M 48M Jan. 26 73 49 Jan. 26 Jan. 110M 109 84 MN Jan. Jan. 82 12 24 101M Jan. 13 70M Jan. 24 70M Jan. 15 54 95 25 27 17 24 10 12 10 98 56M Jan. 54 M J an. 43 M Jan. 41M Jan. 59 t ABuff Roch & Pitts cons 4Ms--1957 MN ACertificates of deposit ACertificates of deposit Bush Terminal Co 1st 4s Sale 101 Sale 1947 24 45 Sale IF Brooklyn Union Gas Co 1st g 5s 1945 MN 52 29.,.„„.Jan. 65M Sale Sale Sale A 4 30 30 29 66 105 M 106 Sale F 18 Jan. 99M Jan. Sale Sale 45 M 43 M -.1950 1957 1981 C.1967 Sale Sale Sale 57 45M 45 53 M - 24M Jan. 24M Jan. 70 84 M 115M Jan. 116M 117 Jan. 131 132M 132 105M 14 M 15M Jan. 29 15 M Sale 14M Jan. 15 Jan. 15 M Sale 44 M 5s Sale Sale 100 MIV j""J Jan. 71M Jan. 3 107 M Jan. 20 29 M Jan. 24 25. 24 AO--1967 M S MIV 24 30 .Sale, Sale 109 MN Jan. 3 29 M Jan. 24 104M 107 M 100 M MN 11 30 Sale 42 13 M 107 M J 4 Jan. 29 26M Jan. 26M Jan. Rys O Jan. Jan. 30 22 Jan. Sale Sale 13 A 76 68 40 74. 34 Jan. 24 25 Sale 27 M 25 Sale 18 11* 13 J 4 2 27 102 F 15 Jan. 5 34 Mar. 24 85 89M Jan. 72 M Dec. 54 May 64 M May 55 Apr. 33M Jan. Apr. 26; Jan. 3 24 1943 J ABerlin City Electric deb 6MS--1951 J ADeb sinking fund 6 Ms 1959 F For footnotes see page 30. 33 96 10 10 103 102M Sept. 15 HIM Sept. 5 112M 110 Jan. 6 115M 5 Sale Sale gold . 23 Apr. 98M Jan. 77 62 16 .28 M- Sale,29 28 M Sale 29 Jan. 22 18 115M A 29 25 58 133 .1952 1959 Big Sandy Ry 1st mtge 4s—„__1944 16 108 M Jan. 74 I960 A 3 Ms s f conv debs Cons mtge 3 Ms ser F 9§ 99M Sept. 5 85 M Dec. 30 83 Sept. 1 8 12 Jan. Sale 40 M Sale IF sill* 6 Ms 1956 Bethlehem Steel 4Ms series D__1960 Cons mtge 3 Ms series E 1966 11 25 114 95 5 Sale "35" O Jan. 2 103 M Jan. 5 100 M Jan. Jan. 2 110 57 Sale 58 100 M 101 Sale 70 5s B—1948 J 89 72 44 1959 J 91 91H Jan. Jan. 95M Jan. 2 95 46 1950 23 31 10 nix IF Mar. 1 Feb. 20 18SS 19 107 86 M 20 2 87 M 92 23 93 M 11 95 68 M 56 M Bangor & Aroostook RR 1st g 5s 1943 J Con ref mtge gold 4s 1951 J 4s stamped 1951 J Battle Creek & Sturgis gu 3s 1989 J Beech Creek Exten 1st g 3Ms 1951 A 1st lien & ref 6s series A Jan. Sale AConvertible 4 Ms ACertificates of deposit PLE&WVaSys ref 4s Certificates of deposit So'western Div 1st mtge 5s Certificates of deposit Toledo Cinn Div rer 4s A Debentures 96 114 93 Sale 30 28 M 2000 MS 1950 Jan. 69M Jan. 71M 71M 106 Jan. 106M Sale 105M 106 44 46 M 43 43M Jan. s** 85 M 86 82 Jan. 86 80 101 % 100««101M 1002SuJan. 101 66 M Sale 64M Jan. 68M Sale 67 Jan. Sale 67M- 68 70 66 Jan. 67 M Sale Sale 70 24 M1 Jan. 29 M 28 M 25M Sale .1996 MS Certificates of deposit Brooklyn Union El 1st 5s Certificates of deposit 5 66 M 32 65 J 417,000 II 1955 409,000 --1961 15,000 X ABoston & NY Air Line 1st gu 4s '55 114,000 Brooklyn City RR 1st 5s 1941 Certificates of deposit 99,000 93,000 Bklyn Edison cons mtge 3 Ms—1966 1,734,000 Bklyn Manhattan Transit 4 Ms. 1966 Certificates of deposit 1,752,000 103,000 Bklyn Queens Co & Sub gtd 5s__1941 Certificates of deposit 33,000 1st 5s stamped 16,000 1941 5 Jan. 102 M 39K J J ARef & gen 5s series F____ ACertificates of deposit Boston & Maine 1st 5s ser 4 Jan. Jan. Sale 29 ADebentures 6s Jan. Jan. Sale 61 1955 A 2 101M Jan. 19 Apr. 18 41M 30% Jan. 26 49 M 91 Sept. 6 98 91M Sept. 5 101 91M Sept. 5 101 3 15 30 30 17 75 62 MN 1995 y~D - Jan. 30 98M Jan. 9 101M Jan. 91M Jan. 95 5 Jan. 85M Jan. 85M Jan. 92 92 95 M 104M Apr. 20 107 M July 20 9 Jan. 40 50 31 31 75M Sale MN ACertificates of deposit Bell Telephone of Pa 1st First & ref 5s series C Sale 17 107M Jan. Jan. Jan. 104M Jan. "93 M Sale Sale 1st mortgage 5s series 1st g 4Ms series JJ 80"0",666 86 M 99M 76 Alst 229,000 289,000 574,000 348,000 "95M M S J D tBalt & Ohio 1st mtge g 4s_ July 1948 A O 1st mtge g 5s July 1948 A O Certificates of deposit ARef & gen 5s series A 1995 J D Berlin Elec Elev & TTndgrd 2,000 197,000 262,000 552,000 209,000 13,000 596,000 238,000 253,000 139,000 39,000 7,000 51,000 171,000 959,000 31,000 4,000 Sale 99 Austin & N W 1st g 5s guar 1941 J Baldwin Loco Works 5s stpd—1940 MN ACertificates of deposit-*.- 106M Jan. —— D Atlantic Refining deb 3s 1953 M t* a Auburn Auto conv deb 4^8.1939 J ARef & gen 5s series D Sale Prices 101M Jan. Sale 100M 100M 100M 100M Jan. 109 109M Jan. 109 M Sale Sale 107 M 108M 108 107 Jan. J J Sale Prices 100 M S 10-year coll trust 5s—May 1 1945 Oct., 1952 Atlantic & Danville 1st g 4s 1948 Second 4s 1948 Atl Gulf & WI S3 Line coU tr 5s. 1959 ARef & geh 6s series C ACertificates of deposit-- 105M Sale Sale 102M J Belvidere Del cons gtd g 3Ms 29,000 18,000 Sale 95 D L & N collat gold 4s Sale 97M D J 106 M Sale D J Highest Sale Price 35M Sale 35M 45 M Sale Sale 45M 98 95 98 M 98 M 100 Sale 101M Sale Sale 99M 100M Sale Sale 106 MN Lowest 37 M 34 M S _ _ Sale 106 H O Jan Highest Sale Prices Ask Ask Bid Bid YEAR 1939 Lowest Jan. 31 Jan. 2 N. T. STOCK EXCHANGE $ 140,000 RANGE FOR PRICES IN JANUARY BONDS Jan. 1940 N. Y. STOCK PRICES IN JANUARY BONDS ©i/. Jan. 31 Jan. 2 N. Y. STOCK EXCHANGE a rs EXCHANGE—BONDS Lowest RANGE FOR Ask Sale Prices Sale Prices Ask Bid 4 110®»«Jan. 25 1121tiJan. 112»«i H2M 110.9 112 76 M Sale 75 Jan. 2 75 Sale 78M Jan. 11 130, 27, 5, M S 104M 104M 105 103 102M 105 110, 184, M S 124 71, r! 520" 239 361, Central Steel 1st sink fund.8s--. .1941 MIV Certain-teed Prod s f g 55*s A_. .1948 M S Champion Paper & Fibre— Sf deb 4Ms (1935 issue)...-. .1950 S f deb 4Ms (1938 issue).. —. .1950 Chesapeake & Ohio Ry— .1992 General gold 45*s --Ref & impt mtge 3Ms ser D-, .1996 Ref & impt mtge 3Ms ser E_, .1996 M S MN F A .1963 Ref & impt M 35*s ser F .1940 Craig Valley 1st mtge g 5s—. .1946 Potts Creek Br 1st 4s... .1989 R & A Div 1st con g 4s .1989 2d con gold 4s -----Warm Springs Valley 1st g 5s .1941 M S .1949 A O AChic & Alt RR ref g 3s J Chic Burl & Q 111 Div 35*s— .1949 J .1949 J Illinois Division 4s J 125 104 100 106 111M 118 114 106 106 IIlM 16 Sale 14 M 95 M Sale 95 100 M 89 Sale 99 M 90 83 88 041, X AChic Gt Western 1st 50-yr .1959 M 5 24 Sale 36, 24 7, 292 142 14 1 391 80 260 90, 39 188, ,028 278 60 328 7 311 120 145 151 ,612 31 678 345 495 23 A O 117 j j j j j j mN j j mN mN MIV" M N m S D d d mN j j j 1952 gold 4 Ms series A ACertificates of 115 2 Jan. Jan. Jan. Jan. 13 117 22 106 Jan. 11 Jan. 22 79 H ifs4 i8H 1185* 19 Sale Sale \lh 85 M 26 M 6M 12 M "7M II2M 13 13 M 145* 15 M 16 13 16 30 Jan. 22 Sale 81 Sale 121 Sale Sale Sale 89 79M 84M 118M 16M 94 ----- Jy* 114 25 M Sale M -12 M 2 8 31 Jan. z86 Jan. 31 19 Sept. 6 Sept. 5 91M Sept. 5 100 Sept. 6 100M Sept. 26 92 deposit M S .... 45*s------1960 ——1951 15 1951 Memphis Div 1st 4s —-- —1951 Chic T H & S'east 1st & ref 5s.-1960 Income guar 5s —Dec 1 1960 AConvertible gold 125 M July 12 100 M June 6 5 100 M Aug. 107M Dec. 19 Jan. July 14 Oct. Feb. 24 Oct. 103 Oct. 24 Aug. Sept. 16M Dec. 29 101M July 13 104 M June 7 Sale 6 4 Jan. 5 118M Jan. 19M Jan. 19 M Jan. 16 88 8 3 22% Jan. Aug. 21 % Sept. 27 Oct. 25 88 15M Apr. 24 M Sept. 27 Feb. Aug. 26 Jan, 12 7M Jan. 7 M Jan. 4 6 60 Jan. 24 60 Jan. 24 59 114 Jan. 11 114 Jan. 11 111 3 18 18 15 \lHJan. 13 24 2 9% Apr. 25 §* 23M Jan. 21M Jan. 24M Jan. 15 26 Jan. 30 23 Jan. 24 26 M Jan. 11 18M 24 Jan. 16 11 25 Jan. 15 26 M Jan. 26 M Jan. 19M 19M 6M Jan. 1M Jan. 15 17 Jan. 4 11 2 ■7H Jan. 3 2M Jan. 13 M Janrl4 Jan. 3 i44 Jan. ly 9M 10H 5 13 M Jam 13 M Jan. 26 18 15 H Jan. 16M Jan. 26 26 19M Jan. 19 13 H Jan. 17 H Jan. 15 9M Jan. 4 14M Jan. 8 Jan. 2 3 25 8M Jan. 15 Sale 9 Sale 8M Jan. 13 9M Jan. 9M Jan. 3 Sale 3 Sale 3 Jan. 12 4 Jan. 3 47M Jan. 13M Jan. 5 49 Jan. 27 13 14M Jan. 3 Jan. 17 4M Jan. 5M Jan. 5M Jan. 15 6Vs Jan. 5M Jan. 17 7 24 5M Jan. 2M Jan. 2 45 M 13 M 54 M MM 5M 17 M 17 M 6M 5M Sale 5% 5M 7 6M 6 5M 5 6M 55* D J D J D M S 6 A* Sale Sale D J 49 13 H 14M 70 60 *43"" 51 2M Sale 2 Jan. 5 81 75 Jan. 24 67 Sale 75 80 5 9M 10K 11M 5M 5M 5M 2M Sept. May 17 2 2 Dec. 28 g* Dec. Dec. 67 54 M 62M 67 62 61 M 50 M 65 M 54 75 67 24 Jan. 4 Jan. 4 61M Jan. 10 50 Jan. 15 62M Jan. 53 M Jan. 106 H 106 Jan. 24 106M Jan. Sale 106 Jan. 31 107 Sale 106H Jan. 104H Jan. 53 H 52 9 8 16M Dec. 8M Dec. 8M Dec. 5 6 75 9 Mar. 6 14 112M May 10 30M Sept. 27 Sept. 1 28M Sept. 27 May 1 May 31 31M Sept. 27 Sept. 27 Apr. 11 Oct. 24 Apr. 12 Jan. 12 3 Sept. 1 Dec. 13 Jan, 3 6 Sept. 27 May 1. "T Sept. 27 Apr. 29 Sept. 27 Apr. 4 Sept. 27 Sept. 2 J an. 3 Apr. 1 m m n* Apr. 20 Aug. 24 Apr. Apr. Apr. 8 11 6 Aug. 23 1 10 Aug. 24 10M Apr. 13 Apr. 8 4M Aug. 29 5 Apr. 8 4 Apr. 8 2 Nov. 14 Jan. 3 Feb. 44M Sept. 5 Jan. 8 12M Mav 12 11 Mar. 94H Mar. 19 12 M Apr. 80 9 H 10 K 99 M Mar. 10 9 118M Dec. 11 35* 8M 100 78M Dec. Feb. 97 12 15 10 16M Sale Jan. Jan. P 90 7 94 17 98 Sept. Dec. 85 74 M Dec. Jan. • 23 14M 4 25 23 WH 8 Jan. 14 Sale 12 Jan. 103 6 12M Jan. 9 105 Oct. 18 16M 12M 12M 6M 12—Jan. 15 17 H 954 9 M Sale MN J 7 1 118 111 108 Jan. Jan. Jan. Jan. 23 M Jan. 13 "15~" 2 Jan. 27 M Jan. 14 135* 145* 18 H Sale Sale 3 16 M Jan. Jan. ligg 2 19 Jan. Sale 18 16 Jan. Jan. Jan. Jan. 16 Sale 21M 21M 24 M Sale 24 M 25 25 24 M 6M Sale 26 M 25 M 27 M V' 5 Jan. 23 M 23 24 M 26 Jan. 99 63 M 67 58 M 112M 114 25 23 M 21M 14 95 Sale 6M 6M Sale 24 M Sale Sale 13 14M 12 13 103 14 17 M 24 17 Oct. 3 20 Jan. 4 4 12 M Jan. 12M Sept. 27 12 M Sept. 27 6M Sept. 27 stamped Feb 1 1938 25% part paid—1927 f A J AChic R I & Pacific gen g 4s—1988 j j ACertificates of deposit .... ♦ARefunding gold 4s— 1934 a O ACertificates of deposit ASec 81 Sale 18M MIV ♦ Sale 79 85 4s.—1987 Chic SL&NO gold 5s Gold 3 Ms 55* A AStpd non payt Fed inc tax. 1987 AStpd gen 4 Ms non-pay inc taxl987 AGen 5s stpd non pay inc tax.1987 AGeneral 4 Ms stamped 1987 * a 15-year secured 65*s-_--—1036 Alst & ref g 5s ---May 2037 Alst & ref 4Ms stamped.May 2037 Alst & re 4Ms ser C May 2037 AConv 4Mb series A— --1949 AGeneral 239 374 A F X AChic Mil & St P gen g 4si ser A. 1989 AGen g 3 Ms series B. - -May 1 1989 AGen 4 Ms series CL—May 1 1989 AGen g 4 Ms series E _ _ -May 1 1989 AGen 4Ms series F—May 1 1989 X AChic Mil St P & Pac mtg 5s ser A 75 AConv adj 5s --Jan 1 2000 J AChic & No West gen 3 Ms -- -1987 M W ♦jAChicago Rys 1st 5s 43 252 4s ^982 X AChic Indianap & Louisv rf g 6s 1947 ARefunding gold 5s sot B 1947 ARefunding 4s series O 1947 a 1st & general 5s series A---. 1966 Alst & gen 6s series B—May 1966 Chic Indiana & Sou 50-yr 4s—1956 Chic L S & East 1st 4Ms r-}9§9 212' 27 —... F MN 25 99M 99M 15 107 M 2 101M 103 101M Sale MN B 100 M Apr. 21 1047* June 100 Sept. 6 104M June 15 124M Jan. Jan. 103 24 25 Jan. 1035* 23 Jan. 109M 118 Sale Prices Sale Prices Oct. 23 U5M Feb. 27 Mar. 11 1 86 68M Sept. Jan. 6 105 10 103 123M Jan. 98M Jan. 98M Jan. 103 M Jan. 101M Jan. 109 107 M Chic & Erie 1st gold 5s._ -- 1st & ref 45*s series 1st & ref 5s series A Sale Sale Sale 296, 2, 402 77, 16, General 4s Sale Sale M S 153 106 M 104M Jan. 105 103 Jan. 124 H 99 H Sale 99 M 99 M .1958 .1977 .1971 ♦i AChic & E 111 1st cons g 6s—. .1934 .1951 t AChic & E 111 Ry g 5s ACertificates of deposit.. 409 1939 Highest 108 Bid 3!, YEAR Lowest Highest 1 70 67 Apr. 17 July 19 54 M Aug. 3 49 Apr. 11 43 Jan. 104 Jan. 26 57 Jan. 11 18M 16M 9M 8% 10M Jan. Jan. Sept. Jan. Sept. Sept. Sept. Mar. Aug. Feb. Sept. Sept. 4 10 27 5 27 28 27 10 10 17 27 14 9 4M 83 M 69 M 63M 70 58 Chicago Union Station— 15 Guaranteed 4s—-- 1944 A O 52 1st mtge 4s series D_ 1st mtge 3 Ms series E. 1963 J J 106 M 106 M 106 M 106 106 M Sale 1963 J J 107 54 3 Ms guaranteed 1951 M 181 38 99 165 188 11 29 Chicago & Western Indiana 1st & ref mtge 454s ser 80 032 1962 1943 Okl & Gulf consol 5s-.-1952 J J M S A O Ref & impt 4Ms series 1993 E 1977 Spring & Col Div 1st g 4s 1940 M 5 W W Val Div 1st g 4s— 1940 J Cleve Elec Ilium 1st M 3 Ms—1965 J 4Ms ser B--1942 1942 Series A gu 4Ms 1942 Series C gu 3 Ms 1948 Series D gu 3 Ms— 1950 General 4Ms series A——.--1977 Gen & ref mtge 4Ms series B.1981 Clev Short Line 1st gu 4Ms—-1961 Clev Union Term 1st gu 5Ms A-1972 1st 8 f g 5s series B guar 1973 1st s f 4 Ms series C 1977 Coal Riv Ry 1st gu 4s --—1945 Colo Fuel & Iron Co gen s f 5s..1943 a5s income mtge -.1970 Colorado & Southern 4 Ms ser A-1980 Columbia Gas & Elec deo 5s-—1952 Debenture 5s Apr 15 1952 Debenture 5s Jan 15 1961 Columbia & Hock Val 1st ext g 4s *48 Columbus & Toledo 1st ext 4s__1955 Columbus Ry Pow & Lt 4s 1965 Commonwealth Edison Co— 1st mtge 3 Ms series I —1968 Cony deb 3 Ms-,v1958 ConOd^assiixmRiVs 1st g 4s...1943 ConnRj & Ut 1st g 4Ms —1951 Stamped guar 4M8-———-1951 Conn River Rower s f 3Ms A...196' ConsoJdSdison (N Y) deb 3Ms.-1946 3 Ms debentures 1948 "2" 51 263 5, 30, 25, 226, 333 20, 444, 40" 82, ,910, 68" 119, 213, 40, 203, 1, 278, 36, 64, 15" 40, 62, 88, 33, 98, 100, A J MN F Jan. 2 94 Jan. 89M Jan. 49M Jan. 90 2 94 Jan. 87 Dec. 2 52M Jan. 46 Dec. Sale 51M 11 "95 M lOO" 109 M 105 M 108 96 M Mar. 15 Feb. 10 79 15 Feb. 10 11154 July 111M July 103 M July 11 12 7 84 M For footnotes, see page 30. 81H Sale AfN 33 M Sale 104 M 104 H Sale 104 Sale' O - 110M June 16 111M June 20 67 Dec. 8 Dec. 77 Jan. 4 Jan. 85 Jan. Jan. 42 Sept. 46M Dec. Jan. 59 Aug. 29 100M Jan. 96 Jan. 90 Jan. 49M Jan. 16 52 46 Jan. 17 66 M 79M 55M 51M 65 62 Jan. 13 67 100M Jan. lOO" 26 110M Jan. 8 108M Jan. 4 29 29 106M Jan. 5 Mar. 105 M'Sept. 106 M Fe!b. Mar. 10 63 M T^ar. 11 58 70 100M 97 M HIM 10654 107M Dec. 22 108' Feb. 9 107 101M Oct. Apr. Apr. 106 105 Sale Sale Sale Sale 105M 106 69 30 M 74 Sale Sale J 103 H A O 110 194M Sale 104 M Sale 111 ' F A 111M 80 Jan. 26 88M Jan. 79M Jan. 71M Jan. 2 13 27 Jan. 30M Jan. 104 Jan. 13 11 3 19 70M Jan. 31 34M Jan. 25 105M Jan. 3 105 MN 04 1960 110M Sale 127 M Sale 109M Jan. Sale Sale 108 M 109 109 M 106 M 1067-6 106 M 108 M 11 105 M 11 2 104M Jan. 108M Jan. 109 M 128 M 80 92 85 i8iM 125 18 109% Jan." 109 14 Sale 108M 106 107 M 106 M 108 May 22 Mar. 8 June 6 13 Oct. Mar. 13 Feb. 24 June 22 Mar. 17 89M Nov. 106 al08M Jan.24 ffl08M Jan.24 108 M Jan. 29 109M Jan. 5 107M Jan. 5 Sale lOtM Jan. 6 106M Jan. Jan. ! 106 M 106 107M Jan. 6 Sale 107M Jan. 109M Jan. 5 109 106 M 106M Jan. 14 Sale 11 11 16 15 17 Sale 5 12 5 99M Sept. 8 May 9 Apr. 10 M June 9M May 44M Feb, 15 Jan. 31 56 Jan. 24 105M Jan. 17 11 6 14 30 15 Jan. 60 Jan. 4 105Me Jan. 3 27 9 31 17 M 58 M 61M 56 H 57 H 105.20107.24 108M 1967 MIV 108 H 109 M 1970 MIV 109 H 1966 If IV 106 M Sale 109 109 109 Jan. Sale 109 M 108M Jan. 110M 110M 110M Jan. 106 M 106 M 105M Jan. 105% Sept. 103M Sept. 99M Sept. 99 Sept. 98 % Sept. 9854 Sept. Jan. 5 11 11 11 Nov. 16 105M Jan. 30 15 Jan. Jan. 104 M Jan. 15 Jan. 9 109M . 5 110 29 111 m Jan. Jan. Jan. 4 17 106M Jan. 2 4 I?* Mar. 10 114 Sept. 3 Dec. 1145* Apr. 22 Jan. 110 10554 Dec. 26 Sept. 25 Nov. 104 M Jan. Oct. 17 85 M Oct. 17 79 M Mar. 13 Feb. 100 2 111 Aug. 22 Mar. 11 93 Jan. Sept. 15 130 Jan. 8954 10454 Dec. 29 1 10454 Dec. 10454 Nov. 17 106 89 13M 105 Sept. Jan. 3 108M Sale Sale Sale Sale Sale June 108 Sale 109 M 109 Jan. Apr. 92 M Jan. Jan. ----- 109 75 68 45 26 8 104M Jan. 103H Jan. SI* 106M Jan. 100M Sept. 5 106 M Jan. 105M Jan. 68 83M Jan. 90M Jan. 82M Jan. 74M Jan. 112M ----- 1st mtge 3 Ms 1st mtge 3 Ms Sept. 62 26 22 102 M104 M AfN J 103 63 77 Jan. Jan. Sale 102H Sept. Jan. Jan. 64 77 105 Sale A 110M Jan. Sale 108 M Sale 108M Jan. 108 M 109 M 106M Jan. 105 H 106M 106 H 106% Jan. Sale J!* 105 11st lien & unif mtge 3 Ms—.1965 AfN 1st lien & unif mtge 3 Ms 1965 AfN mtge 3Ms-- 95 M Jati .v 29 25 110 Sale 62 Sale 105 % 70 —1956 26 109M Jan. 75 100 M 81H J&J 1955 A&O 1955 Consolidation Coal s f 5s Consumers Power Co— 77 51 M 47 89 M Sale 79 M 74 M 73 106 M 1954 ADebenture 4s 47 66 80 Consolidated Oil conv deb 35*8-1951 ADebenture 4s 65 M 89 V9 1958 Wks of Upper Wuerttemberg 1st 7s 1956 ADebentures 4s 65 64 102 M 104 M tTM8 debentures 1st Jan. 11M July 100 Sept. 108H Oct. 1Q0M Jan. 17 29 106 M May 29 Mar. 13 97 A AConsol Hydro-Elec 1 AConsolidated Ry deb 4s 75 107 M 105 5* A 1956 3Ms debentures.. 60 53 4s—--1991 4s-1990 MIV Clev & Pitts gen gu Series B gu 3 Ms Sale 108M 109 85 St Louis Div 1st coll trust g 135 235 91M 110M 110M 108M Jan. Jan. 110M 110M 109 108 M 64 M 1993 C O C & St L gen g 4s General 5s series B— Cin W & M Div 1st g "2 Sale Sale Mar. 15 109 M Feb. 110 July Terminal—- Ms series D—-1971 AfN 1st mtge guar 35*s ser E ——1969 F A Clearfield & Mahon 1st gtd g 5s-1943 20 45 49 M Sale 101M Sept. 99M Sept. 100 Sept. 86 M May Jan. 26 108H Jan. Jan. 6 106 MN 1st mtge guar 3 24 "l" 106 M 101M 105 M 105 M Sale 90 M 90 89 H Sale 89 M 13 M "12 M "13M 12M Cine Gas & Elec 1st mtge 3M8-1966 F A 1085* 109 M 108 M Sale 108 1st mtge 3 Ms 1967 J D 109 M Cin Leb & N 1st con gu g 4s 1942 MIV •103 M 103 lAChoc Cincinnati Union 27 47 1 4s.-1952 D Childs Co deb 5s S Sale 107 Dec. June July 1105* J an # 1115* 1285* 89 M 1135* 1095* 1105* 2 6 25 May 23 Dec. 30 Mar. 16 July 20 July 20 Mar. 11 1075* Nov. 21 1085* Nov. 17 108 Feb. 28 1095* June 20 225* Mar. 10654 Aug. 17 7 2 Nov. 22 165* Dec. 13 135* Oct. 10 165* Nov. 22 67 Sept. 12 10354 Sept. 22 111 100 54 Oct. 4 10954 100M Sept. 22 1105* 100 Sept. 22 1115* 97M Sept. 25 10954 May Nov. May May May 11 17 23 22 25 N. Y. STOCK EXCHANGE—BONDS 24 SALES IN Dec. 1939 Jan. 1940 214,000 17,000 23,000 77,000 56,000 121,000 29,000 11,000 ; 13,000 118,000 730,000 10,000 1,000 726",000 113,000 299,000 289,000 273,000 44,000 29,000 105,000 179,000 61,000 39,000 61,000 131,000 114,000 54,000 21,000 18,000 Container Corp of Am 1st s f g 6s 1946 J D 5s_ .--1943 J D Deb gold Continental Oil conv deb 2 Ms--1948 J Crane Co s f deb 3Ms—-—-—1951 J Crown Cork & Seal s f 4s—--—1950 Ask Bid 27,000 4,000 series D--—1961 4s series F-—1965 3MS series G-1966 Detroit & Mack 1st lien g 4s 1995 ASecond gold 4s -—-1995 40,000 Detroit Term & Tun 1st gu 4 Ms 1961 97,000 Gen & ref mtge Gen & ref mtge 95,000 21,000 169,000 46,000 161,000 5,000 283,000 & 148",000 382,000 723,000 152,000 69,000 49,000 30,000 121,000 548,000 53,000 15,000 4,000 763,000 790,000 45,000 50,000 26,000 13,000 10,000 4,000 70,000 •3,000 Sale Sale A O Sale Sale Sale Sale 104M 104M 102M 101M 28 M Sale 35 Jan. 43 Sale 43 32 Sale 32 Jan. Jan. 107 M 107 M 104% 108 M 104 M Jan Sale 60 62 M Sale 58M Jan. Sale 109 109 110 108M Jan. . 105M 106 108 M Sale 9M Sale 9 104M Sale 104M 108M 8M 10M 9M 3 2M 2M 2M 5M 5M 106 9 «1(?^ 3M 4 5M 38 46 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 33M Jan. 24 4M Jan. 2 108M Jan. 10 M Jan. 17 10 Sale Prices Mar. 14 Dec. 28 100 96 Sept. 103 50 107 25 Jan. 30 13 3M Jan. 24 15 2M Jan. 4 11 6M Jan. 3 5 4M Jan. 5 50 49 M Sale Prices Apr. 10 105 M May 2 102 M 103 M Aug. 25 114M 27 100 Sept. 8 106 M 29 101H Oct. 2 106 M 17 10OM Nov. 10 103 M 97 H Sept. 8 103 M 25 M Aug. 25 37 H 31M Aug. 28 ft* 36 July 17 49 26 M Aug. 1 41 12 108 M Jan. 63 M Jan. 15 10 109 Jan. Jan. 31 106 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale 8M 2M 2% 5% 2M Sale 3 2M 6M Sale 3M 105M 106M 103M 103M 30M Jan. Jan. Jan. Jan. Jan. Sept. 12 May 24 Feb. 18 Dec. 26 Dec. 25 Sept. 11 Sept. 6 Sept. 12 Sept. 11 8 110M Mar. 9 70 M Mar. 109 M Aug. 29 106 H Mar. 8 108 M May 31 3 15M Jan. 14 % Jan. 3 Sept. Sept. 104M Jan. 106M Jan. 7 Aug. 7M Aug. 2 Aug. 2 Aug. 5 1939 Highest 6M Jan. Jan. 10*1 Apr. 3M May 1 May 24 32 Jan. 5 5 5 5M Aug. 1 Sept. 16 40 F A A O M <S J D J D MN D 109 Sale 110 Sale 109 M Sale 110M Sale 111M 113 110M 113 40 53 40 54 M 25 35 22M 35 M 98 M Sale 98 100 1.05 M 107M 105M 107 M 109 Jan. 109M Jan. 110M Jan. 98M Jan. 107 Jan. 31 110M Jan. 31 111M Jan. Jan. 3 112 31 101 2 17 18 Jan. 108 M Sept. 6 113 Feb. 4 105M Sept. 5 112M Jan. 26 105 Sept. 27 113 July 17 40 Jan. 23 48 Aug. 8 20 July 3 25 Apr. 12 96 Sept 27 103 Aug. 17 101H Sept. 6 108 M Mar. 4 _ 27 107M Jan. _ Iron Range aDuI So Shore & Atlantic g Duquesne Light 1st M 3 Ms Sale 106M Jan. 106 M Jan. Ed El 111 N Y 1st consg 5s—•—.1995 T'J Electric Auto Lite conv deb 4s. -1952 F A 3,000 Elgin Jol & East 1st g 5s 7,000 El Paso & S W 1st & ref 5s 5s stamped 1,000 107 M 13 M 12M 13 5s_ 1937 J J 17M Sale 107 Sale 1965 J D 109 --—1962 A O Ry 3Ms t* J J J F A J J J Eastern Ry M No Div 1st g 4s_1948 A O 16,000 Eastern Tenn Va & Ga 1st g Ss-1956 MN 198,000 2,000 13,000 1,000 1,339,000 1,400,000 Missabe MN J J J J 1951 J Dow Chemical deb 3s—_ Dulutb Sale YEAR Lowest Highest . _ Gen & ref 4Ms 72,000 49,000 19,000 A O J J 4Ms-1947 M S t iDes Plaines Val 1st guar ~5", 000 —1946 — Sale 102 M 44 M 32 M 1946 188,000 Dayton Pr & Lt 1st & ret3Ms--I960 413,000 Del & Hud 1st & ref 4s_-------1943 35,000 Delaware Pr & Lt 1st M 4 Ms—1971 1st & ref 4Mb 1969 6,000 1st mtge gold 4 Ms -—1969 2,000 268,000 t* ADen & Rio Gr 1st cons g 4s- -1936 ♦ iConsol gold 4Ms ———1936 9,000 58,000 t iDenv & R Gr West gen 5s Aug 1955 ^Assented (subject to plan) 57,000 ARef & imp mtge os ser B 1978 49,000 | iDes Moines & Ft Dodge 4s—1935 Certificates of deposit—- - -----4,000 102 M 102 M Sale 109 M 104 M 104M Sale 105 105 M 106 102M Lowest Ask Sale Prices Sale Prices Sale 105 Jan. 11 105M Jan. 27 Sale 102M Jan. 30 101M Jan. Sale 110M Jan. 11 108H Jan. 105M 105 101 108 103 103M 103 30 29 M Sale Sale 38 35M J —1952 5s_ 7 Ms series A extended to 6s series B extended to Detroit Edison— 77,000 90,000 24,000 D D MN S f 4Ms debentures -.--1948 J Crucible Steel 4Ms deb ser A—1948 Cuba Northern Rys 1st 5Ms——1942 Cuba RR 1st 50-yr g Jan. 31 Jan. 2 EXCHANGE Bid 10,000 79,000 RANGE FOR PRICES IN JANUARY BONDS N. Y. STOCK -.-1941 MN 106 M Sale 12 Jan. 2 108 13 Jan. 31 12H Jan. 20 2 30 109M Jan. May 26 101M Sept. 22 1081 Nov. 4 11 Sept. 5 193 Sept. 5 112M May 19 105 M 106 M 106 91 . ...91M; 108 M 105 M Sale" 107 28 106 M July Sept. 5 92 M Mar. Feb. 23 !151 July Apr. 11 110M Dec. Jan. 91.M_ 93 91M Jan. 3 93M Jan. 29 15 109M Jan. 25 106M Jan. 3 146 140 108 M Sale 105 M 106 51 59 M Sale 1965 A O 51 57 95 M —1965 A O 101 Erie & Pittsb gen gu g 3 Ms ser B 1940 J J 101M Series C 3 Ms —1940 J J 101M ioiH 101 57 54 % t AErie RR 1st con & prior lien 4s 1996 J J 22 M 24 % Sale" Alst consol gen lien 4s —1996 j j 23 M Sale AConv g 4s Series A 1953 A 0 18 19 24 M a4s series B ———1953 A C 21 iGen conv 4s Series D ==1953 A O 14 M *ARef & impt gold 5s ser 19271967 MN ~17H Sale 14 M *ARef & impt 5s series 1930—1975 A C 17M Sale 52 M 53 M 55 M AErie & Jersey 1st s f 6s 1955 J j 49 55 M 55 AGenesee Riv RR 1st s f 6s—1957 J J 90 90 AN Y & Erie RR ext 1st 4s—1947 MN 75 75 *A3d mtge 4 Ms 1938 M S Ernesto Breda Co 1st mtge 7s—1954 F A 98 i07" Fairbanks Morse deb 4s. —1956 j D l07" 108 Federal Lt & Tr 1st s f 5s 1942 M S 103 104M 5s International series... 1942 M S 101 102M 101M 103 M First lien s f 5s st amped1942 M S 103 M 1st lien s f 6s stamped--..—1942 M S 104 I04M 104 M 103 30-year deb 6s series B 1954 j D 101M 103 W* 70 107M Jan. 105M Jan. 59M Jan. 2 3 ( 1 25 60 59 Jan. Jan. 3 3 Jan. Sale 53 Jan. 13 57 Jan. Sale 19M 22 Jan. 15 26 Jan. 4 18M Jan. 19M Jan. 30 24M Jan. 30 24 Jan. 3 3 ig* Sale Sale Sale 61 12 21 Jan. 3 22 18 Jan. 3 22 18 Jan. 15 54 Jan. 3 3 15 58 Jan. 31 Jan. 18 96M Jan. Jan. 22 108 Jan. Jan. 13 104 Jan. 18 6 13 Jan. 12 100 M Jan. Jan. Jan. Jan. 9 104 10 104M Jan. 3 104 Jan. 31 11 101 Apr. 87 M Jan. 16 106M Jan. 6 Jan. 29 20 Jan. 14H 14M 49 M 53M Jan. Jan. Jan. Jan. 93 11 26 19 Dec. 1 107 M June 23 Mar. 14 I June 29 65 Dec. 13 61 Sept. 27 Apr. 8 103 M Mar. 6 July 22 102 M June 24 Feb. 5 54 M Dec. 39 May 2 29M Sept. 27 & Apr. 6 26 M Sept. 27 Sept. 27 i Apr. 6 26 June 15 19 Sept. 12 $ Apr. 8 20 M Sept. 27 t Apr. 10 20 H Sept. 27 Dec. 29 54 Sept. 1 Dec. 29 May 11 8* Mar. 1C 94 Sept. 22 2 59 25 - ~2~,666 22*666 9,000 19,000 195,000 4,000 63,000 566,000 131,000 24,000 19,000 210,000 7,000 7,000 8,000 21,000 23,000 23,000 1,000 43,000 15,000 53,000 1,000 8,000 3,000 56", 000 483,000 29,000 2,000 16,000 80,000 2,000 22",000 Firestone Tire & Rubber 3 Ms—1948 A liFla Cent & Peninsular 5s 1943 J JFla East Coast 1st 4Ms -1959 Alst & ref 5s series A -.1974 ACertiflcates of deposit AFonda Johns & Glov ref 4Mb 1952 Proof of claim filed by owner— * a (Amended) 1st cons2-4s—1982 Proof of claim filed by owner— ACertdficates of deposit Fort St U D Co 1st g 4 Ms -1941 Francisco Sugar coll trust 6s—.1956 O 105M 43 H J D M S 8M 51 Sale Sale MN J J MN 50 M 51M 31 8M Jan. 8M Jan. 2 3M 3M 2% Jan. 2 2M 3% 2M Jan. 2M 10017J2Jan. 100 M 103 M 10017sil03 48 M 49 M 49 Jan. 53 M 50 M 26 30 2M Jan. 2M Jan. 18 24 10017«tJan. 24 23 10 8 8 --- 124 123H 103 M 105 103 101M 102 M 102 H 101 24 M Sale 24M 26M 58 32 34 27 M 35 27 M 24 M 29 26M 40 Jan. Jan. 22 105 101 Jan. 4 103 A 106 M J 69 M J 13 J ;* iGeorgia Caro & Nor 6s —1934 AGood Hope Steel & Iron sec 7s. 1945 A O 15 106 M Sale Sale 67 M Sale Sale 13 17 19M 189,000 Goodrich(B F)Oo 1st mtge 4Ms. 1956 J D 11,000 Gotham Silk Hosiery deb 5s w w. 1946 M S Gouv & Oswegatchie 1st 5s 1942 J D 105 M 1941 J J 1947 J D 1944 F A 1950 J J 104M 78 1961 1952 1973 1976 1977 1946 1946 1967 105 M 105M 105M Sale Grand R & I 196,000 188,000 56,000 156,000 148,000 503,000 327,000 211,000 16,000 26",000 54,000 187",000 98,000 ex 1st gu g 4Ms—. .... AHarpen Mining 6s 26,000 57,000 40,000 90,000 For footnotes see page 30. Sale 93 70 17 Jan. 25 2 19 Jan. 3 23 105 M Jan 13 91m Jan. 10 Sale 90 89 M 27 104M Jan. o74 88M Sale 9 80 Jan. 4 86 Jan. 72 Jan. 5 76M Jan. 10 29 Sept. 3 88 May 81 Apr. 74 M May 74 May 82M 84 Sale 100 M Sale 81M Jan, 81M Jan. 99*1 Jan. Sale 88 Jan. 16 72 58 8 Jan. Jan. Jan. 17 12 85 80 90 M Sale 91 J Feb 73 H Sale 73 58 8 64 9 58 85 Sale 80 86 82 M 85 M Sale 79M 85M 80 H J J A O 78 MN 46 105M Jan. 97M Jan. MN 97 M 73 M Sale Jan. 91M Jan. 75M Jan. 9 18 26 4 8 88 98 M Oct. 25 Oct. 20 Oct. 23 July 14 Sept. 8 Feb. 7 Sept. 27 Oct. 24 Sept. 25 Jan. 11 Jan. 6 8M Jan. 24 Jan. 15 Jan, 24 87M Jan. 83M Jan. 95 96 M 96M Jan. 108 Jan, 108M Sale 99 17 5 109 122 123 75 M 80 44 50 97M Sale 120H Jan. 75M Jan. 44M Jan. 97 Jan. 4 122 29 80 17 9 107 M July Mar. 94 Mar. 89 X Mar. 89 M Mar. 110 Sept. 94 M Oct. 81M Mar. 60 Nov. m Oct. 103 M Apr. 90 Aug. 69 Jan. 2 Jan. 11 18 38 116 Jan. 3 47M Jan. 98M Jan. 12 3 Apr. Apr. Apr. 53 Apr. 5M Apr. 103 Apr. 73 May 85 92 98 Jan. 4 106M Mar. 1 Aug. 4 4 80 Dec. 23 7 85 Nov. 2 2 87 66 8 12 58 103M Jan. 80 Aug. 73M Jan. 58 Sept. 3 3 20 Sale Sale 3 Nov. 22 Apr. 14 105 H Dec. 29 May 15 92 H Dec. 28 Jan. Sale 15 119 98 83 Jan. Sale J J 6 101M Sept. 6 107 M 48M Apr. 11 80M 12M Apr. 20 21 13 Apr. 6 23 12 Oct. 5 45 85 90 Sale 5 ■ 3 106M Jan. Jan. 15 100 Jan. 92 9 2 84 Jan. 1 Jan. 84 Jan. 1 104 Sale Apr. 1 125 M June 22 5 105% Dec. 7 4 104 H Jan. 6 Nov. 16 59 Jan. 5 Dec. 19 62 M Jan. 18 Nov. 1 59H Jan. 6 80 86M Sale 99 108 M 25] 20] 14 11 Sept. Sept. May Jan. Sale O June 14 3H 1M Dec. 26 4 I'M Mar. 8 100 Sept. 27 102 H 33 59 Aug. 31 119 100 95 22 Dec. Nov. 24 Sept. 23 Dec. 1 106 H Nov. 17 46 Nov. 2 65M Mar. 14 Jan. 4 10 3 9M Jan. Sept. 90 8i* 83 1961 A 108 104 H 101 104 104 H 102 H ' 104 % 99 M 1969 MN 3 25 90 M Sale 1940 MJV 1950 A O 1950 A O 1952 J 10 Jan. Jan. Sale 81M 82 M Jan. 18M Jan. 99 M 103 6 107 70 17 17 89 J 2 23 2 35 J J J Jan. 24M Jan. 10 e28M Jan. 23 104 M 72 66 19 5 30 8 — 84 106M Jan. J Feb 1949 4,000 Hock Val lstcong4Ms -.-1999 26,000 Hoe (R) & Co 1st mtge1944 44,000 t*AHousatonic RR con g 5s. .1937 34,000 Houston Oil 4 Ms debs 1954 - J 91M Jan. Jan. Jan. 4 20M 17 18M Sale '] 1,000 Grays Point Term 1st gu g 5s— 6,000 Gt Cons El Pow (Japan) 7s 1st & gen s f g 6 Ms 28,000 Great Northern Ry— 1st & refund 4Ms series A 226,000 Gen mtge 5Ms series B 219,000 Gen mtge 5s series C 71,000 Gen 4Ms series D 97,000 Gen 4Mb series E 149,000 Gen mtge 4s series G 400,000 Gen mtge 4s series H 351,000 Gen mtge 3 Ms series I 106,000 2,000 AGreen Bay & West deb ctfs A.. Alncome debenture ctfs B 31,000 Greenbrier Ry 1st gu g 4s 15,000 Gulf Mob & Nor 1st 5Ms ser B. 1st mtge gold 5s series C 48,000 Gulf & Snip Island 5s stpd 37,666 Gulf States St'l 1st mtge 4Ms.. 188,000 Gulf States Util 3Mb series D... 19 124M Jan. Jan. 122 187,000 122,000 29,000 29,000 53M Jan. 104 1951 97 5 2 Gen Steel Castings 1st 5Ms w w.1949 1 AGa & Ala 1st cons 5s_—Oct. 1945 98 H Dec. Apr. Apr. 52 M Dec. 6 Apr. 5 Apr. Jan. 29 116,000 126,000 8,000 54 Jan. Sale 6M Sale 67 102 M Sept. 100 M Jan. Jan. 98 35 50 7 6M Jan. 7 88,000 209,000 1,000 8,000 1,000 "2",000 Jan. 51 44 Sale 53 UN Gas & Elec (Bergen Co) 5s..-—1949 Gen Amer Investors deb 5s ser A1952 General Cable 1st s f g 5Ms A-.-1947 AGeneralElec (German) 7s 1945 ADebenture 6 M8 1940 aS f deb g 6s —1948 MN General Motors Acceptance Corp— 15-year debenture 3 Ms Sale 8 J 96 Sale 106M 104 105 102 M 104 M 103X 103 Sale 104 101M 105 M Sale 105M 67 Jan. June 85 91 99 108 May Sept. 18 11 14 11 10 27 7 10 9 24 4 16 8 Mar. 21 Dec. 18 Aug. Dec, 27 June 27 May 4 40 Sept. 15 122 M June 23 Jan. 5 25H Apr. 11 93M Sept. 18 78M Dec. 19 47 H Nov. 2 98*1 Dec. 6 SALES IN Dec. 1939 402,000 5,000 613,000 391,000 35,000 7,000 287,000 5,000 403,000 359,000 89,000 3,000 1,000 96,000 110,000 14,000 135,000 72,000 401,000 12,000 35",066 202,000 147,000 312,000 405,000 273,000 45,000 176,000 513,000 69,000 1970 1951 B — Collateral trust gold 4s Refunding 4s _ Purchased lines 1st 3 Ms Coll trust gold 4s 1951 1951 1952 1955 1952 3,000 209,000 25,000 193,000 245,000 94,000 49,000 5,000 10,000 41,000 10,000 3s 3,000 116,000 16,000 8,000 109",000 28,000 77,000 69,000 51,000 43,000 139,000 132,000 28,000 1,000 Sale J 43 % Sale J Jllseder Steel Corp 6s Ind Bloomington & W 1st 4s 7,000 Indiana 111 & Iowa 1st gold 4s.. 1950 6,000 | Alndianapol & Louisv 1st gu 4s. 1956 Indianapolis Union Ry— Ref&impt mtge3Msser B... 1986 1948 147,000 Industrial Rayon 4 Ms 1961 68,000 Inland Steel 3 %s series D 1966 751,000 tlnterboro R T 1st & ref 5s ^Certificates of deposit 749,000 * a 10-year 6 % notes. 1932 132,000 iCertificates of deposit.... 3,000 * a 1932 171,000 10-year 7% notes_ ^ a Certificates of deposit. 381,000 1947 33,000 Interlake Iron conv deb 4s Int Agri Corp 1st & coll ctf 5s— 1942 2,000 Stamped extended to 1952 172,000 t a Internat Gt Nor 1st 6s A a Adj mtge 6s series A.July 1 1952 230,000 a 1st mtge gold 5s series B 1956 98,000 A 1st gold 5s series C 1956 117,000 1944 146,000 Internat Hydro El deb 6s 1941 254,000 Int Merc Marine 1st s f 6s 204,000 Intern Paper conv 5s series A— 1947 1955 342,000 Refunding 6s series A 42,000 Int Rys of Cent Amer 1st 5s B... 1972 First lien & ref 6 Ms 1947 23,000 1952 604,000 Internat T & Tdebg4Ms Deb gold 5s. 1955 784,000 47,000 lilowa Central Ry 1st & ref 4s.. 1951 31,000 James Franklin & Cleart 1st 4s.. 1959 62,000 Jones & Laughlin St'l 1st M 4 Ms 1961 . _ . . 7,000 123,000 51M 48M 48 % 43 M 46 % 56 % 42 44 Jan. Jan. 9 17 16 26 15 52M Jan. 20 43M Jan. 16 Jan. Jan. Jan. Jan. Jan. Jan. 46M Jan. 8 3 26 3 J 102 H Sale A J A Sale 47% Jan. 43 M Jan. 100 M Jan. 23 A O Mn J J 16" Sale o 1 14 Sale Sale J Sale J 14 o 73 Sale o 3 68 Sale M 8 MN Sale 102 M 97 M 81% F Sale 84 Sale A J J F A SB Sale 43 M Sale M S J D 53 aVA Sale M 8 94 M Sale O 3 3 J 3 1M 99 M Jan. 99 M Jan. 61 Jan. 17 Jan. 15 12 Jan. 13 25 O 8fK 29K 1M Jan. 94 Jan. 5 MN\ 31M Sale 8 8 — — M S J 106 M 3 J 1961 J 3 3 80 .T 3 82 — 101M 104 J J - A O F A « — — «. A M 8 A O 15 12 Jan. Jan. 24 2 J D 2 95 Jan. Jan. 2 18 2 Jan. 2 Jan. Jan. 11 Jan. 2 Jan. Jan. 9 22 Jan. 23 5 IoIM 80" 87 83 84 % 85 7M Sept. 23 9 105 19 19 10 24 50 June 19 51 Apr. 10 79 May 56 M Mar. 9 9 5 9 99 June 5 70 % Mar. 30 15 Dec. 6 1 26 Dec. 26 75 M 75 M 43 31 % 74 74 97 3 Nov. 22 Nov. 22 Feb. 18 Nov. 15 Dec. 13 Dec. 13 Sept. 20 20 103 M June 26 8 6 21M Oct. Jan. 4 4 1% Aug. 23 Jan. 4 8M Aug. 18 20 Jan. 4 8% June 30 20 Sept. Apr. Apr. 82% Apr. 73 Sept. 87% Oct. SB 93 Dec. 28 87 M Jan. 13 Jan. 24 5 Mar. 10 ¥ Mar. 13 Feb. 16 Oct. 20 5 60 96 M Jan. June 28 89 37 Sept. 36 M Sept. Mar. Sept. 1 Jan. Apr. 10 Sept. 5 109M Jan. Feb. 102 M Sept. 2 107 20 Dec. 29 36 Jan. 7M Dec. 21 H* Jan. 17 Feb. July 14 20 ¥ 6 ll Nov* 20 June 28 23 62 56 99 M Mar. 9 11 79 M Sept. 12 12 103 Dec. 2 18 97 % Dec. 27 18 83% June 12 3 100 June 8 4 16 60 M Mar. 99 % Apr. 9 Apr. 10 Jan. Mar. 21 4 Oct. Jan. 4 61 9 Feb. July 17 65M Nov. 15 52M Nov. 28 55 Nov. 28 63 Mar. 8 % Feb. Jan. Jan. 26 108M Jan. 4 Mar. 6 109 38%. Dec. 13 1% Dec. 27 40 Sept. 2 90 Sept. 2 4 9 Jan. 14 105 3 102 Mar. May ■Sept. 50 % June 50 M June 27 Apr. 29M Dec. 36 4 8 5 13 Mar. 103 5 10 31 Jan. 9 60 % 71 56 M 83 % 66 104 90 5 6 27 Mar. Dec. 27 27 19 4 7 18 13 19 3 6 12 103 Jan. 5 27 93 104 Apr. Nov, 5 6 108 M May 31 72 101 % Jan. 88 160 156% Jan. 5 11 102 87 % 106 M 108 Sale 25 85 Jan. 25 88M Jan. 87 Jan. 30 11 91 Jan. 20 26 82% Dec. 20 82% 150 Sept. 19 170 77M Sept. 28 89 84 Dec. 5 86 M 106 Sale 104 % 105 M 106 107 104 105 Jan. Jan. Jan. Jan. 105% 105 M 105 % 105 % 105% Jan. 2M Sale 84 % 86 85 3 3% Sale 2 % Jan . 85 Jan. 88 M Jan. 2 106 M Jan. 103 Jan. Jan. 4 95 5 106 Jan. 3 106 M Jan. 29 18 2 Jan. 23 2% Sept. 12 18 23 77% Sept. 27 3 31 90 % Jan. 85 Sale 82 44 Jan. Jan. 3 85 M Jan. Sale 3 Sale 43% Jan. 2 50% Jan. 49M Jan. Jan. 5 12 Sept. 100M Sept. 99% Sept. 78 16 43 42 24 Dec. 20 July 25 Dec. 14 Dec. 20 % Aug. 3 3 108M May 23 6 105 M Dec. 30 6 105 % May 16 5 105% Aug. Sept. 22 3 13% Jan. 91M Mar. Dec. 20 Dec. 20 Nov. 24 90 June 58 % Mar. 58 M M ur. 51 Mar. 42 43 42 45 41M 42 M 43 M Jan. 75 80 78 M 82 M 60 50 M Mar. 44 Jan. 9 40 45 Jan. 10 41 May 67 44 Jan. 26 80 25 63 31 80 May 16 Sept. 6 90 5 21M Apr. 20 47 Aug. 29 37 64 Dec. 19 Mar. 10 75 82 M 10 106 Jan. Jan. 25 24 98 24 107 15 105 47 M 48 85 88 % Dec. 15 Jan. 85 170 Sale . 81M 13 Feb. 27 95 61 % Aug. 29 Jan. Jan. Jan. Mar. Jan. Jan. 52 Dec. 28 105 Jan. Oct. 17 41M Jan. Jan. 31M Jan. 30 69 68 Aug. 60 89% Apr. 11 Apr. 29 Jan. Jan. 39 3 17 Jan. 28% Jan. 40 5s 1937 extended at 1947 J 2d gold 5>__ 1941 3 Lake Shore & Mich Soug3Ms.. 1997 J 16M Jan. 25 24 50 45% Sale 43 M Sale RR— 3% to 5 106 M 87% 80 31 31 8 101M — 90 M - Sale 89 86 M 87 M y J 106 M Sale 3 J 106 % MN 104 M Sale" 3 J 104 % 105 M F 8 9 79 29 M 29 M 28 30% 67 M Sale 65 M 68 M Sale Sale 64 % 65 67% Sale 107 % 107 M 107 M 108 M Sale 103 M 104 M 103% 104 % 104 36 M 25 24 31 102 M Jan. 88 28 J Jan. June 43 40$ 60 102 M Jan. 13 M Jan. 15 60 1001 3 Sale Sale Apr. 8 Aug. 10 Nov. 28 6 12 11M 11M Jan. 19 14M 12 12 Jan. 17 11M 14M 72M Sale 71M Jan. 16 74M 67 M Jan. 22 75 % 68% 67 102 M Sale 101 % Jan. 29 103 M 99 97 % Sale 96 % Jan. 24 84 Jan. 3 88% 90% 89M 99 4 99 97% 96M Jan. 38 M Jan. 15 43% 39% Sale 42 Jan. 15 46% 43% Sale 1 % Jan. 29 1% Sale 1% 52 M Sale 55 52 Jan. 23 94 Dec. 27 Dec. 27 Aug. 28 Feb. 4 ----- 2 42 17 50 M Jan. 15 46M Jan. 31 100% Jan. . 1M 63 62 43 % 6 100% 102 M Sale 14 M Sale 44M Dec. 28 38 50M Dec. 13 101 Jan. -25 102 % Jan. 109 109M 108M Jan. 12 109 M Jan. 75 M Sale 2 76 % Jan. 74 M Jan. 75 M Saje 73 M Jan-. 76% Jan. 30 M Sale 30 Sale 30 Jan. 32 % Jan. 30 32 6 3 0 M Jan 29M 30 M Jan. 72M"74~ 'h7r™"SaTe" 72 M Jan. 30 75 M Jan. "11 73 Sale 73 Sale Jan. 8 7251 Jan. 30 75 84 85 M 89 90M 83 M Jan. 29 90M Jan. 11 102 % 88 Jam 56 ----- ■ 5 112 m Jan. 18 92 M July 21 3 30 39 75 Sale 74 M Sale 74 M Sale O M S Sept. Jan. 55 Jan. 45M Sept. 13 83% Jan. 87 3 109 M J 102 4 101M Sale J F Sale Prices 60 Sale Sale Sale Prices 28 M Mar. 18 116M Sept. 22 128 % June 14 43 Aug. 23 51% Mar. 9 11M Jan. 24 17 % Sept. 28 63 Jan. 13 63 Jan. 3 46 M May 8 55 1939 Highest 9 105 — — 75 105 A 1961 4Ms unguaranteed. 1997 Kings Co Elec Lt & Pow 6s 1949 215",660 Kings Co Elevated 1st g 4s Certificates of deposit 27,000 1954 5,000 Kings Co Lighting 1st ref 5s 1st & ref 6Ms 1954 1,000 1951 125,000 Koppers Co 4s series A 28,000 Kresge Foundation coll trust 4s. 1945 3Ms collateral trust notes.... 1947 23,000 t Kreuger & Toll class A— A 5s Uniform ctfs of deposit.. 1959 24,000 ♦ ALaclede Gas Lt ref ext 5s 1939 121,000 Ref & ext mtge 5s 1942 57,000 Coll & re 5 Ms series C 1953 133,000 Col & ref g 5 Ms ser D 1960 52,000 Coll tr 6s series A 1942 19,000 Collatera trust 6s series B 1942 3,000 51M Jan. 45 Jan. 45 M Jan. 20 65 67 M 63 57 M 60 86 M M 8 O 1,000 47 % 44 Sale Sale Sale 86 M Jan. 81 55 48 % 49 Sale 45 45 Sale 100.27101.4 100 % 15M 20M 98 95 100M 60 55 61 ' 10 13 M 10 M 1990 A 1936 A 103,000 j*aK o Ft s & m ref g4s a Ctfs of dep (Bankers Trust)40,000 1950 116,000 Kan City South 1st g 3s Ref & Imp 5s-__ 158,000 April 1950 82,000 Kan City Term 1st 4s ... 1960 43,000 Kansas Gas & El 1st mtge 4 Ms. - 1980 a Karstadt (R) Inc 1st Mtge 6s. 1943 a Ctfs w w stpd (par $645) 1943 a Ctfs w w stpd (par $925) 1943 a With warrants (par $925) 1943 1946 44,000 Keith Corp (B F) 1st ser g 6s 1987 Kentucky Central 1st gu 4s Kentucky & Ind Term 1st 4 Ms.. 1961 1961 Stamped. 47 52 M 57 .. Kanawha & Mich 1st gu g 4s... 42 46 M 54 M 44 % 76 76 1963 1963 1940 1948 1940 "i"66o 46 M 46 M Sale 85 70 60 63 57 M 60 1951 249,000 4 Ms series O 176,000 32,000 Illinois Steel deben 4 Ms 86M Jan. 20 68 Sale 1951 111 Cent & Chic St L & N O— Joint 1st & ref 5s ser A_; Lake Erie & Western 16,000 51,000 MN 1950 1951 —. Springf Div lstg3Ms__ Western Lineslst g 4s. Plain "2",660 68 Sale 1955 MN 1966 F A • 2,000 413,000 270,000 313,000 201,000 203,000 142,000 157,000 264,000 10,000 12,000 996,000 1,259,000 63,000 27,000 71,000 M S A O 1953 MN Refunding 5s 40-year 4%s. Cairo Bridge gold 4s g 85 85 1951 1st gold 3 Ms Extended 1st g 3 Ms 1st gold 3s sterling YEAR Lowest Highest M Feb 1957 Adjust income 5s RANGE FOR Lowest Ask Bid Ask Sale Prices Sale Prices 34 M Sale 34 33 M Jan. 17 37 M Jan. 8 126 M 127 126 % Jan. 24 126 % Jan. 24 Sale" Sale 45 % Jan. 50 % Jan. 24 Sale Sale 12 % Jan. 10 15 Jan. 29 Sale 112M 4 110M Jan. 17 112M Jan. 91 91 91 Jan. 91 Jan. 3 Louisv Div & Term g 3 Ms— - 1953 Omaha Div 1st gs 3s 1951 1951 St Lou Div & Term g 3s 1951 Gold 3 Ms - T.ooo 10",006 1 Illinois Bell Telep 3 %e ser Illinois Central 1st g 4s Jan, 31 Jan. 2 Hudson Goal 1st s f 5s series A.. 1962 J D Hudson County Gas 1st 5s— 1949 M N Hudson & Manhat 1st & ref 5s A 1957 F A Litchfield Div 1st "4"666 434,000 249,000 28,000 PRICES IN JANUARY BONDS n. t. stock exchange Jan. 1940 20",066 114,000 316,000 37,000 242,000 162,000 615,000 5,000 3,000 EXCHANGE—BONDS N. Y. STOCK Fob., 1940] 82 % 84 M Sale Sale 82 34 M 50 49 M Sale 55 % 52% Jan. Jan. 84 M Jan. 84 81M Jan. 23 15 34 M Jan. 31 39% Jan. 55% Jan. 8 Nov. 22 82 M Dec. Jan. 29 Lautaro Nitrate Co Ltd— 223,000 47,000 64,000 6,000 22,000 34,000 1,000 35,000 41",566 1,000 79",000 4,000 46,000 165,000 661,000 229,000 359,000 >20,000 268,000 250,000 64,000 58,000 10,000 14,000 25,000 30,000 36,000 21,000 1st mtge income reg.Dec 31 1975 Lehigh Coal & Nav4Msser A... 1954 Cons sink fund 4Ms ser C 1954 1965 Lehigh & New Eng RR 4s A 1945 Lehigh & N Y 1st gu g 4s Lehigh Valley Coal— 1944 a 5s stamped 1,000 Alst & refunding 5s .... 1954 8,000 a 5s stamped 1954 25,000 1964 Alst A refunding 5s 11,000 1964 a5s stamped 32,000 a First & ref linking fund 5s... 1974 a5s stamped 1974 46",000 ASec 6% notes extend to 1943. 1,000 1943 a6s stamped 25,000 1954 78,000 Leh Vail Harbor Term 1st 5s 1940 JLeh V (N Y) 1st gu g 4 Ms 1940 4 Ms as>ened "(6666 2003 57,000 t a Leh Vai (Pa) gen con g 4s A4s assented 2003 216,000 a Gen cons 4 Ms 2003 75,000 a 4 Ms assented .2003 75,000 a Gen consol 5s .2003 10,000 a 5s assented .2003 166,000 JLeh Va 1 Ter Ry 1st gu g 5s— .1941 10",066 9,000 A 23,000 5s assented Lex & East 1st gu 5s 82,000 Liggett & Myers Tobacco 7s.— 5s 41,000 26,000 Lion Oil Ref conv deb 4 Ms 12,000 Liquid Carbonic 4s conv debs.. Little Miami gen 4s series A 169",660 240",660 15,000 51,000 6,000 15,000 61,000 J J A O M S 36 % 50 M 48 For footnotes, see r age 30. Sale 86 M 87 M 30 M 32 37 F A F A F A 17 26 M FA J~3 FA 3 J 3 J MN MN MN MN MN MN A O 87% 32% 26 M 50 48 43 43 M 11* 15 Jan. 3 2 54 89 87 % Jan. 10 88 34 % 32 Jan. 37 M 35 27 28 M 26 % Jan. 12 Jan. 20 Jan. 19 Jan. 20 Jan. 17 37% "35" 35 ~26M 29 30 29 M 30 Sale 52 Sale" 50M 48 Sale Sale 28" 28 26% 32 30 29 M 49% Jan. 48 29 % 46 % Sale 51 47 43 Sale 43 16 16 16 % 16 18 17 49 M Sale 18M 51 % 49M ~60"" 45 120 % 117M 70 Sale Aug. 9 41 Oct. 15 37M 35 33 M 29 M 29 % Jan. 12 36 40 Oct. 19 Jan. 20 20 Aug. 24 Jan. 13 Jan. Jan. 20 I* July 28 Sept. 15 20 22 M Nov. 24 16M Jan. 13 Jan. 10 Jan. 9 31 22 47% Jan. 30 44 M Jan. 22 45 % Jan. 16 M Jan. 12 15 Jan. 2 Sale 14% Jan. 15 % Jan. 14% Jan. 15 13 16 % Jan. Jan. 4 2 16 M Jan. 11 Jan. 23 17 18M Jan. 18M Jan. 25 26 Sept. P Jan. 6 17 22 June 14 Feb. 10 30 37 M July 25 40 Jan. 3 Dec. 19 4 40 Dec. Mar. 31 32M Oct. 31 Sept. 31M June Sept. 50 Oct. 11 13 26 11 31 50% Nov. 28 56 55 55 Mar. 10 19 Sale 17 16 M Jan. 52 Sale 117 Jan. Jan. 101 % 102% 102 68 69 68 Sale ----- 108 Jan. Jan. Jan. 17 4 Sept. 25 Sept. 28 23 M Sept. 27 23 Sept. 27 4 12M Sept. 5 11M Aug. 24 13M Aug. 25 12 Aug. 25 15 Sept. 1 14 Aug. 28 24 Sept. 28 23% Sept. 27 44 Sale 16% 126 % Jan. 127 % Sale 127 % 129% 129% Jan. 99 M 101 97% Jan. 108 % Jan. 107M 109% 108M 63 29 Sale 100 109 29 M Jan. 50 Jan. 51 127 127 129 M 130 — 91 30 18 .1944 A O .1951 F A .1952 A O .1947 J D 75 Sale 64MMar. 11 4 19 46 45% Dec. 13 84 M Jan. 34 M Jan. 23 9 46 23 49 % Jan. 43 M Jan. 117 Sale 9 11 Jan. Jan. 25 M Jan. 50 Jan. .1941 A O .1965 AO 97 4 5 30 17 14% 14% Sale 19 15% .1962 MA' .1946 F A 102 M .1952 J D 66 Lone Star Gas 3Ms debs.. .1953 F A 108 a Long Dock Co 3 Ms ext to— .1950 A O 72% Loew's Inc s f deb 3 Ms Lombard Elec 7s serh s A Sale Sale 60 Aug. 29 Nov. 15 27 Sept. 26 Sept. 27 Oct. 5 Jan. Jan. 11 16 111M Oct. 62 Sept. 28 2 118M June 17 17 127 M Jan. 3 22 118M Sept. 1 129% Jan. 19 54 5 118 13 130% Jan. 3 100 Jan. 16 109M Jan. 25 103 Jan. Jan. 25 71 2 109% Jan. 50 119 Sept. 25 131 July 10 3 94 Sept.13 Aug. 25 .106 9 104M Sept. 5 110M July 17 Apr. 17 107 Apr. 17 107 29 29 92 Sept. 28 MS* July 28 Dec. 20 48 Sept. 22 69 102 M Sept. 8 111M July 10 75 Dec. 14 62 Mar. 14 N. Y. STOCK EXCHANGE-BONDS 26 SALES IN Dec. 1939 PRICES IN JANUARY ?! BONDS n. t. stock exchange Jan. 1940 Long Island unified4s—------1949 m s Guar ref gold 4s 1949 m s 3,000 72,000 30,000 11,000 14,000 158,000 17,000 10,000 3,000 100,000 38,000 54,000 16,000 133,000 51,000 271,000 155,000 280,000 113,000 353,000 10,000 34,000 196,000 56,000 140,000 77,000 154,000 11,000 20,000 34",666 6o",66o 13,000 6,000 South Ry joint Monon 4s——1952 j J Atl Knox & Cin div g 4s_ 1955 M n a Lower Austrian Hydro-El 6 MbI 944 f A 50,000 13,000 53,000 227,000 522,000 608,000 119,000 12,000 65,000 27,000 McCrory Stores Corp s f deb 5s- .1951 mn Maine Central rr 4s series a—1945 j D < 4,000 116,000 107,000 324,000 809,000 71,000 239,000 _ 1949 1944 stamped — Lorillard (p) Co deb 7s— 5s m s a o 1951 4s f A 1945 M -1960 Feb 1 1957 Manhattan Ry (n y) con g 4sl990 ta a a a j 83 Sale 26,000 4,000 22,000 4,000 52,000 27,660 1 6,000 61",006 2,000 271,000 63,000 127 83 Jan. 84% Sale" 108% Jan. 10934 110 108% Jan. 108% 10117#jJan. 101% Sale 101l7saSale 98 Jan. 98% Sale 100% 90% 91% 91% Jan. 92% Sale Sale 81% 10234 8234 110% 7534 105 7 83, 88 Sale 82 Sale 103 Sale Jan. Jan. 80 85 80 Jan. 111% 112 73% Jan. 76% 77% 106 105% Jan. 10634 105 10% "77% 22 12 Jan. Jan. 25 80 Jan. 31 25 116 84% Jan. 31 18 110 Jan 20 108% Jan. 27 19 127 5 127 2 29 101% Jan. 2 3 4 4 26 100% Jan. 26 94% Jan. 18 88 Jan. 26 4 83 12 104 Jan. 9 Jan. 24 19 82% Jan. 18 78 2 Jan. 117% Sept. Sept. 75 Sept. 100 Sept. 105% Jan. 12 67 55% Jan. 19 51% Feb. 18 Sale 39 Jan. 27 40% Jan. Sale Sale 78% Jan, 2 82 10 24 79 Jan. 2 42% Jan. 42% Jan. 2 81% Jan. 44% Jan. 44% Jan. 5 Jan 20 40% Nov. "69% 66 68 64% Jan. 11 4 59 16 Jan. 56 Jan. 72 14 54 88% 15 Sept. Aug. 39 Feb. Nov. 57% Oct. Sept. 79% Dec. 79% Dec. 43% Nov. 42% Nov. 82% Mar. 83% Feb. 45 17% / pr. 11 81 "70 82 Jan. 20 Mar. 77 39% Jan. Ii3 Apr. 26% Apr. 24% A nr. "83% 6 85% Mar. 14 102% Dec. 26 88 Apr. 5 107% Dec. 28 24 3 2 15 Mar. 105% Mar. 5 107% Jan. 81 Jan. Jan. 44 1940 q 89% 107% July 16 24% Mar. 9 Jan. 44% Market Street Ry 1st 7s_.-Apr Certificates of deposit 95% Dec. 23 May 100% Oct. 22 Apr. Jan. 43 Dec. 26 102 12 52 43 68 101% Dec. 28 Feb. 110 65 Dec. 26 Jan. 23 Aug. 11 Mar. 9" May 26 July 28 9 105% Jan. 78 44 88% 129% 128% 90% 110% 109% 29 107 Sale Sale Prices 88 July 23 89 Dec. 16 Jan. Sale Sale 1947 A O 6 7 1 5 4 97% Sept. Apr. 84% Apr. 80 May 73 Sept. 97% Jan. 82 Dec. Sale 4234 41% Marion Steam Shovel s f g 6s Certificates of deposit--- 10 91 55 Sale |p O Highest 81% Jan. 27 80% Jan. 10 Jan. 89 79 Oct. 15 8' 2 27 9' 29 36 22 24 36 1 6 87 Oct. Jan. 25 57 Oct. 20 64 105 Sale 52% Jan. 60 52% Jan, Jan. 105% 105 Metropolitan Edison 4%s ser d-1968 Met Water,"Sewer & Drain 5%s-1950 *t AMet West Side Elev (Chic) 4s 1938 a Mex Internat 1st 4sasstd...—1977 m s 112 110% ----- A. o *82 86 % F a m s 6% —-%™— a 4s (Sept 1914 coupon on) — -1977 Miag mul Mach 1st s f g 7s—1956 Michigan Central-Detroit & Bay City Air Line 4s 1940 Jack l & s gold 334s 1951 1st gold 3 Mb 1952 33,000 Bef & Imp 434s series c -.1979 ll.OOf Michigan Consol Gas 1st m 4s__1963 288,00( a Midland of n j 1st ext 5s—-1940 13,00( m s j d 13" " 2,000 91% Jan. 89 24 78 105" 105% 29,000 28,000 11,000 Sale Prices Sale 40% 80% 80% 86 50 Mead Corp 6s with Sate Prices YEAH 1939 Lowest Sale llv< 2013 J d - 86 82 102% Jan. 107% Sale D mn A 87% Jan. 125% Jan. 126% Jan. mn 19,000 12,000 4,000 15,000 t,o66 90 warrants—..1945 21",066 •" 90% q89% Sale Highest 1Sale Prices 88% Jan. 13 87% Jan. 20 100 Manila el Ry & Lt 1st 5s 1953 ms Manila rr South Lines 1st 4s—1959 mn lAManGB & nw 1st gu3%s—1941 J j 22,000 88 88 79 2s 4siCertificates of denosit - Sale 107% Certificates of deposit - 127 126 110 s Louisville & Nashville rr-— Unified gold 4s --1940 1st & rer 5s series b_ 2003 1st & ref 4%s series c_ 2003 1st & ref 4s ser d ——2003 1st & ref 3 %s series e -—2003 Paducah & Mem Div 4s—---1946 St Louis Div 2d gold 3s 1980 M s Mob & Montg 1st g 4%s 1945 m s Gen mtge 4Mb series Manati Sugar 4s s f 89 9134 883* Sale 89 87% 125% 12734 126% j Louisiana & Ark 1st 5s series a- -1969 j Louisville Gas & Elec 3%s -.1966 m s Lou & Jeff Bridge gu g 4s. ! Ask Ask Bid Bid RANGE FOB Lowest Jan. 31 Jan. 2 j 5534 59 56% a - j" j m s mn j j m S j 7 16% Sale 7% ----- 110% Jan. 82 Jan. Jan. 7 18% Jan. Jan. 31 Jan. 29 3 105% Jan. 17 26 112% Jan. 3 86% Jan. 4 7% Jan. 31 17 17 18% Jan. 9 15 101% Apr. 108% 50% 5% % 89% Jan. D 18 May" 19 30 4 100% Nov. 8 76 65 88 9134 6534 10134 934 8 106% Dec. 21 5 July 6 112% Dec. Mar. 10 Sept. 21 102 8% Feb. 7 Dec. 22 % Feb. 17 Dec. 29 Dec." 15 23 92 94% 91% Jan. Sale 62 Jan. 63 66 74 101% Jan. 102% Sale Sale 11% 12% 9% Jan. 1234 2 94 Jan. 66% Jan. 6 3 2 102% Jan. 31 18 15 12 Jan. 30 Jan. 2 32 Jan. 20 13% Jan. 15 15% Jan. 88% Nov. 24 97 64% Nov. 15 76% 92% Sept. 21 102% 14% 9% Apr. 2f 3 9 Mar. 15 Aug. 8 Jan. 3 Mar Milwaukee & Northern rr— *a 1st ext 11,000 173,000 1,000 41,000 37,000 379",606 35,000 124,000 31,000 70,000 66,000 24,000 447,000 29,00( a 67,00( 56",66( 21,00( 4,00( 150,00c 32,00( 103,000 21,000 17,000 9,000 24,000 212,000 470,000 233,000 151,000 384,000 391,000 244,000 80,000 324,000 396,000 21,000 1,100,000 1,022,000 116,000 426,000 21,000 820,000 322,000 12,000 755,000 62,000 287,000 5,000 1,282,000 1,217,000 58,000 460,000 41,000 569,000 447,000 6,000 732,000 105,000 17,000 1939 j d 1939 j d 1947 m s 3%s 1941j j 4Mb a Con ext 434s Mil Spar & n w 1st gu 4s * AMilw & State Line 1st gu AMinn & St Louis 5s ctffe 49 27 15 30% 5% 1% % 6% 5% 6% 2% 134 5034 63% 29% 1934 m N a 1st & refund gold 4s -.1949 m s a Ref & ext series 5s a 1962 q f {*aM stp & s sm 4sstpdguar-1938 j j *Alst cons 5s 1938 j j * Alst cons 5s grd as to int 1938 j j a 1st & ref 6s series a 1946 j j a 25-year g 534s -1949 m s 1st ref 5Mb series b -.1978 j j 1 AMissouri-Illinois rr 5s ser a. 1959 j j . Mo Kan & Tex 1st g 4s ——1990 j d Missouri-Kansas-Texas Prior lien 5s series a a a a 40 73 7% 2% 1% Aug. 24 July 2C Apr. 1( 20 28% Apr. li 5% Jan. 1% Jan. 15 2 7% Jan. 2% Jan. 26 4 Jan. 22 2 Jan. 23 23 6% Jan. 5% Jan. 4 Jan. Jan. 10 27% Sale 26% Jan. Sale Sale 15% Jan. 12% Jan. 14% Jan. 19 25 4% Apr. If 1% Apr. 28 23 4% Jan. 4% Jan. 4% Jan. 1% Jan. 1% Jan. Sale 5 5% 5% 4% 4% 1% 2% 1% 1% 1 53 56 70 64 j 19 Sale 16% 14% 16% 7% Sale Sale 8% 13% 13% 14% 14% 13% 3% Sale 14 % Sale 13% 14% 14% 13% 2% Sale 14% 14% 13% 14% Sale 13% 15% 66 70 16% 16 j a o F a ----- m s mn deposit -.1978 mn 1 Convertible gold 5%s_.--—1949 mn 1st ref gold 5s series h— 1980 A o a Certificates of deposit — 1st & ref 5s series i -—1981 F a Certificates of deposit Mo Pac 3d 7s ext at a 14 j 1st & ref g 5s ser g a Certificates of deposit a * 27 12% 30% 6% 1% 1% —..1962 j ACum adjust 5s series a Jan 1967 {iMissouri Pacific rr Co— Alst & refund 5s series a. 1965 a Certificates of deposit AGeneral 4s ....—1975 a 1st & ref series f 1977 Certificates of 74% 31% 65 3 June 2 5% Sept. 1 Aug. 18 Sept. 1 I! 23 6% Jan. 4 15 2% Jan. 1% Jan. 55% Jan. 23 29 Ay* 50 3 70 Jan. 30 45 16 31 Jan. 3 25% Aug. 21 Jan. Jan. Jan. Jan. 2 14 17 13 1% June 30 Dec. 29 Dec. 22 57% Oct. 21 Oct. 3 17% Jan. 5 33 31 % 9 Mar. 2 July 21 3% Feb. 17 3 Jan. 16 10% Sept. 27 7% Sept. 27 10 Sept. 27 5 Oct. 3 3% Sept. 27 69 75 June 12 July 51% Jan. 16 5 Aug. 24 11% Aug. 21 12% Aug. 22 6 Aug. 28 37% Jan. 32% Jan. 5 6 Jan. 5 17% Jan. 5 12% Apr. 21% 20% 6% 21% Jan. 24 rr— Pr lien mtge4 % s ser d _ _ a 6% Sale 2 Sale 5% 634 3 Sale 55 64 Sale 52 ....—1962 j 1978 j 40-year 4s series b a 75 Sale Sale 73 4%-July 1938 j j Jan. 15 19% 15% 16% 8% Sale 13% Jan. 12 18% Jan. 25 Sale 14 Jan. 4 Jan. Jan. Jan Jan. 30 16% Sale 2% 13% 13% 13% 16 13 Jan. 9 1% 13% 15% 13% Jan. 17 Jan. Jan. Jan. 18 12 Jan. Jan. 15% Sale 7 2% Sale 16% Sale 16 ----- Sale Sale 1 15 16 7 Sale Sale 14 90 16% 16% 71 68 24 4 2 4 8 Jan. Jan. 31 12 18% Jan. 12 18 Jan. 24 25 12 18% 17% 2% 18% 16% 18% 17% Jan. Jan. Jan. 25 Jan. Jan. Jan. Jan. 25 24 Apr. 8 May 17 Apr. 11 May 24 Dec. 27 Apr. 8 12 Sept. 5 12 Apr. 8 12% Apr. 12 15 71 Jan. 22 65 Jan. 18 Jan. Jan. 12 23 Jan. 3 15 18 Jan. 15 4 Jan. 12 29% Jan. 34% Jan. 53% Jan. May Apr. Apr. July Sept. 3 25% 32% 11 11 37% 12 59 13 106% . 9 4 16 4 3 25 2 26 25 13% Nov. 10 3 Apr. 8 34 12% 12% 12% 12% 1% 12% 20% 21% 19% 4% 21% 20% 21% 20% 69 Jan. 4 Jan. 6 Sept. 27 Jan. 3 Jan. 11 Jan. 3 Jan. 14 Sept. 27 Jan. 4 4 Jan. 3 Jan. 6 Jan. June 3 {Mobile & Ohio rr— 13,000 174,000 109,000 34,000 1,000 14,000 234,000 186,000 8,000 14,000 Montgomery Div 1st g 5s—1947 F a a Refunding & Improv't 4 34s-1977 m s * a Sec 5% notes——. 1938 m S Mohawk & Mai 1st gu g 4s 1991 m S 136,000 92,000 283,000 27,000 2,000 110,000 407,000 8,000 6,000 6s debentures -.1965 a o Montana Power 1st & ref 3%s—1966 j D Mont Tram 1st & ref 5s series a-1941 j j General & refunding 5s a 1955 A o Gen & ref 5s series b 1955 a o 259,000 129,000 307,000 76,000 1,000 a Monongahela Ry 1st m 4s ser a-1960 mn Monongahela West Penn Pub Serv— 1st mtge 4Mb ..i960 a O 132,000 289,000 89,000 169,000 90,000 5,000 3,000 53,000 255,000 73,000 1,000 266,000 166,000 79,000 422,000 239,000 44,000 Gen & ref s f 434s ser o Gen&refsf5sser d Morris & Essex 1st gu 334s Constr m 5s ser a Constr m 434s ser b Mountain States t & t 3 Mb Mutual Fuel Gas 1st gu 5s Mutual Union Tel 5s 169,000 a Assent warr 59 105% 106 1955 a o 2000 j 41% Sale 40 Sale 1955 m N 1968 j d 36% Sale 1947 m N -1941 mn 108% Sale 116% 101% 67% 4s April 1914 coupon on .1951 a 4s April 1914 coupon off 1951 a a Assent warr & rets No 4 onl951 a National Steel 1st m 3s .1965 A a a 34,000 123,000 8,000 1,000 33,000 77,000 1,000 273,000 4,000 9,000 10,000 14,000 , 3 110% Jan. 26 25 11 24 24 24 103 8 111% Jan. Oct. Oct. Oct. 98 8 107 Jan. 12 100% Jan. 2 86 Jan. 22 17 8 56% Jan. 9 2 47% Jan. 44% Jan. 10 Oct. 13 Aug. 10 Sept. 5 110% Nov. 13 Dec. 36 Sept. 5 111 7 91% Sept. 21 101% June 99% July 13 75 Oct. 26 72% Jan. 3 51 Dec. 29 67% Jan. 30 67% Jan. 30 .1945 j 25 64% Aug. 28 72% June 3 52 Jan. 19 29% Jan. 27 46 2 49% Jan. 22 Sale 107 Sale 105 66 2 11 Jan. 4 29 108% Jan. 4 118 Jan. "9 10 101% Jan. 3 39 70% Jan. 4 Sale 106 Jan. 107% Jan. 26 Sale ■ 104 Jan. 105 Jan. 9 Jan, 36 56% Sept. 1 54 30% Sept. 1 49 29 Sept. 1 99% Sept. 27 110% 111 Oct. 7 117% 97 May 19 % % % ::::: % % Sale 103% 33% 35 124 60 Sale Mar. 13" 2 Dec. 16 Feb. 16 Sept. 27 Aug. 12 12 % Aug. 22 1 % May 22 1% Jan. 26 % Aug. 29 % 8 123 3 % 73 Aug. 12 1% Mar. 10 June 2 % —- 1% 102 68 June 12 % Jan. 12 9 Mar. 11 % May 22 % Nov. 8 % Jan, % % o Jan. Mar. 10 Nov. 16 4 101 38% Nov. 10 44% 100% Nov. 15 102 99 Sppt. 5 108 95% Sept. 26 105 % Jan. o J 18 70% 45% Sale 45% Sale 102% 104% o O Jan. 43% Jan. 42% Jan. 68 68 - % Jan. 25 6 1 — % Jan. Sale 73 124% Sale 37% 60 36 % Jan. 1% ----- Sale 25 Jan. 2 Jan. 19 102 70 % Jan. 103% Jan. 71 Jan. 25 29 11 % 92% 58 122% Jan. 13 124% Jan. 4 36% Jan. 31 36 5 20 34 Jan. 20 31 20 123% Jan. A For footnotes, see page 30. 25 17% 19% 42% 101% 27 106 (j Naugatuck rr 1st g 4s -1954 mn Newark Consol Gas 5s 1948 j D {a New England rr cons 5s guar 1945 j J Cons guar 4s 4 54% 68 Sale 41% Jan. 40 Jan. 42% Sale 35% Jan. 36% 37 107% 108% 107% Jan. 118 Jan. 117% 120 101% Jan. 101% Sale % % % % 1a a Jan. 44 42% 102% & rets No 4 onl957 *a Assent warr & rets No 4 on_1926 a Sale 44 42 4s April 1914 coupon on 1977 4s April 1914 coupon off 1977 a Assent warr & rets No 5 onl977 Nat rr of Mex prior lien 434s— 4,000 68 51 d 1955 m N a 7,000 27% 28% 20% 26% 28% Sale 32 34 Sale 51% 52% 53% 105 106% 108 109% Jan. 109% 109% 109% Sale 109% Jan. 110% 111% 111% Sale 100 Sale 99% Jan. 99% Sale 85 Jan. 85 Sale 83% 87% 55% Jan. 51 60 54% 57 51 72 54% 72 a "l8',666 Sale Sale Sale 1955 a o Nashville Chat & St l 1st 4s a.-1978 F a Nassau Elec guar gold 4s stpd 1951 J J Certificates of deposit.... National Acme 434s extended 1946 r~D National Dairy Prod deb 3 Mb w w '51 mn Nat Distillers Products 3 34s 1949 m s National Rys of Mexico— a 4Mb Jan 1914 coupon on.1957 a 434s July 1914 coupon on_1957 a 4Mb July 1914 coupon off. 1957 40,000 3~19,666 22% 28% 33% 36 < Jan. Nov. 27 Sept. Sept. Oct. Feb. Apr. Apr. 1 Nov. 27 % May 6 5 103% Aug. 69 Oct. 16 6 125% July 11 36% Nov. 35% Dec. 6 15 18 21 27 26 14 Feb., 1940] N. Y. STOCK SALES IN Dec. 1939 $ PRICES IN JANUARY BONDS Jan. 1940 Jan. 2 N. Y. STOCK EXCHANGE Bid 15,000 31,000 39,000 New d J England t & t 30-yr 5s a.1952 1961 M n .1986 f a 1960 64,000 66.600 1st g 434s series b n j Junction rr gu 1st 4s 68,666 24,000 12,000 53,000 60,000 42,000 3,000 1,000 52,000 27,000 9,000 58,000 n j Pow & Light 1st 4hs New Orleans Great Nor 5s ser a.1983 n o & n'eastern ref 434s ser a.1952 5,000 2,000 57,000 5,000 ACertificates of deposit Alst mtge gold 5s series o 496,000 224,000 1,666,000 773,000 480,000 162,000 48,000 69,000 114,000 139,000 480,000 1,172,000 83,000 24,000 109,000 55,000 2,000 96,000 36,000 61,000 ---69,000 48,000 62,000 35,000 10-year 3 me secured s 10834 109 m 10734 Jan. 2 109 69 34 73 m 69 m Jan. 16 54 56 54 m Jan. 15 103 m Sale 106 102m Jan. 11 10534 Sale 103 34 Jan. 15 10634 104m Sale 70 68 m Sale 66 m Jan. 11 71 Jan. 20 34m 26 3134 28 29m It* A ~34m IP "35m Sale Prices 118M Sept. 14 129 113 73 Jan. 30 105M Sept. 19 110 Jan. 30 65 Jan. 8 Jan. 3 102 Jan. 5 102 Sept. Aug. 10 7 129 M Aug.- 7 June 6 Jan. 46M Sept. Jan. 29 Jan. 12 23 Jan. 3 30 Jan. 4 21 Dec. 32 m 30 Jan. 30 38 Jan. 8 32m Jan. 23 15 30 30 34 m Jan. 37m Jan. 24 M May 30 June 3 58 73 June A 32m Sale O 3734 40 30 6 Oct. 78 9 25 Jan. Sale Prices 10 Apr. Apr. Apr. Apr. Sale 1939 Highest 30 32 30 37 A Nov. 31 3 6 59M Mar. 10 10 106 M June 9 10 107 M Nov. 24 8 74M Mar 10 38 2 Sept. 29 Dec. 21 23 3 40 Sept. 27 12 35 Jan. Sept. 29 7 4 9 24M Apr. 24 38 Nov. 17 24 Apr. 29 32M Dec. 3534 Jan. 29m Jan. 30 3334 Jan. 3 32m Jan. 31 39m Jan. 3 Jan. 18 33 Jan. 18 Jan. 31 111 Jan. 31 62 Jan. 3 78m 5634 62m 6334 Jan. Jan. Jan. 12 67 3 4 42 29 A 1998 O 1946 O 2013 O 2013 1952 M n f Conv secured 3 34 s Sale 58 Sale 74h Sale 77 55 Sale 52 Sale Sale 34 Sale 60 m Sale 57 61 Sale 57 m j 86 Sale a 59 Sale 65 Sale a O o a o A-XJ 78 86 Jan. Jan. 2 56 Jan. 58 17 24 63 h 60 Sale Jan. 105m 105m 52 49 34 ft* IF it0934 Sale 109 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4 15 Aug. 25 Sept. 1 2 30 30 75 72 Sept. July 31 56 Dec. 60 Jan. 30 Jan. 8 5934 Jan. 82 3 Jan. 11 8334 Jan. 31 86 25 Jan. 16 105m Jan. 1 8 108m Jan. 52 Jan. 24 51 Jan. 31 15 Jan. 2 Jan. 2 110 109m Jan.. 2 10 _ 5 Jan. 23 2 126m Jan. 9 118m Jan. 29 1 84M Mar. 67 3 22 5434 Dec. 26 89 9 Nov. Mar. 70 8 4 68 M Mar. 13 IF Sept. 27 Sept. 27 83 M Mar. 86 M Mar. 79 Sept. 107 Mar. 13 20 28 25 108 M Nov. 30 59 M Mar. 11 Sept. Oct. 4734 Sept. 48 M Aug. 100 100 6 7334 Mar. 10 82M Mar. 10 Sept. 27 72M Sept. 27 77 M Mar. 10 47M Apr. 39 Apr. 65 Apr. 77 M May 50 Apr. 100 104 Sept. 27 Oct. May 15 1 1 1 Sept. 47M Sept. 50 Sept. Jan. 22 3 50 79m Jan. 87m Jan. 59m Jan. 20 19 24M Apr. 10 43 23 Apr. 10 36 100M Sept. 5 110 67 7934 79m 8634 87 m 59 m Sale Sale 81m 75 A 15 27 109 O O 2 22 Jan. 109 ' 57 m 81 A 57 23 56m Jan. Sale 61m Sale Sale 53m Sale 79 m 77m Sale 83 m 8134 Sale 77 78m 105 m Sale 104 m Sale 108 m Sale 107 107 Sale 52 51m 50m 48 m 47 50 Sale 108 m 109 Sale 10834 f A 56m Jan. 74h Jan. 51m Jan. 58 79m 58 m m s A 33 111 Sale 61 78m 1942 Lake Shore coll g 3 Ms 1998 F Mich Cent coll g 3 Ms 1998 F New York Chicago & St Louis— Refunding 5ms series a 1974 A 275,000 837,000 Refunding 4ms series c —1978 4s collateral trust 1946 58,000 1st mtge 3 Ms extended to 60,000 1947 159,000 3-year 6% notes.. 1941 82,000 n y Connecting 1st gu 4ms a.. 1953 1st gtd 5s series b: 19,000 1953 42,000 n y Dock 1st gold 4s 1951 Convertible 5% notes 54,000 1947 112,000 n y Edison 3 ms series d 1965 1st lien & ref 3 ms series e...1966 21,000 Ill J 1997 ms 32m Sale 28 m 107" 1945 — — Sale 1956 F Rer & impt 434 s series a Ref & impt 58 series c n y c & h r g mtge 3 Debenture 4s of 1912 P 1954 New York Central rr— Consol 4s series a 206,000 158,000 960,000 590,000 476,000 Sale Prices 18 128m Jan. Jan. 17 127 YEAR I 30 97,000 Q,s ACertificates of deposit1,00' 5,000 Npt & Cin b gen gu g 434s-- 7,000 Sale Prices Jan. 129m 124m 12634 126 126m 12434 Jan. 28 ,1956 ACertificates of deposit Alst 434s series d ACertificates of deposit Alst 534s series a 37",000 85",660 Ask Lowest Highest 37 29 m 1954 A O APirst 5s series b 38,000 1,000 19,000 RANGE FOR Lowest "70"" lW* 69 67 New Orleans Term 1st 4s guar.. 1953 j*aN o Tex & Mex income 5s.. 1935 ^Certificates of deposit 72,000 Jan. 31 Ask Bid 127 12534 52 m 105m 10534 New OrleansP s 1st & ref 5s a..1952 1st & ref 58 series b 1955 54.000 18,666 EXCHANGE-BONDS 63 Sept. 11 110m June- 2112M June 6 Sept. Sept. n y & Erie—See Erie rr. 15,000 82,000 51,000 37,000 55,000 5,000 5,000 "v.666 39,000 100,000 » 7,000' n y Gas el Lt Ht & Pow 5s_..1948 j Purchase money coll tr g 4s__1949 F n y Lack & Western 4s ser Guar 4mb series b 2,000 125 m a 117m ----- 11m 13 m aN y & Greenwood Lake 5s—1946 MN n y & Harlem g 3 Ms 41" 000 D 2000 a.. 1973 1973 mn mn mn aNYLE&W Coal & rr 5ms-1942 mn a Dock & impt 1st 5s 1943 j J n y & Long Branch gen 4s 1941 M S t* aN y & n Eng (Bost Term) 4sl939 A O Sale 100 h 102 53 m Sale 125m 11734 Sale Sale 125m Jan. 117m Jan. 1134 13 98 58 m 70 12 Jan. 26 60 Jan. ""8 99 34 55 m 16 11m Jan. 62 m 61 65 58 63 75 63 34 65 75 70 75 73 9934 75m 1634 1634 15 16 IP IP Sale Sale 16 Sale 11 Dec. 20! 17 34 Jan. 5 102 H Aug. 63 " Mar 9934 Jan. 53m Jan. 48 34 Apr. 54 May 19 9 14 99 m 15 12 116M Sept. 18 126IN June 23 108M Sept. 12.1193* July 15 75m 33 68 Sept. 13 70 Oct. 27 71H Nov. 2 75M Jan. 9 Feb. 50 Jan. Mar. 71 Jan. 30 71 Jan. 30 70 16 Jan. 20 16m Jan. 16 11 15 Jan. 17 4 16 Jan. 10 15M Jan. 1634 Jan. 16 Jan. 17 17 Jan. 6 15m 18m 2834 5m 18m Jan. 23 6 Jan. Jan .12 Jan. 15 Jan, 22 16 Jan. 11 20M Jan. 11 33 Jan. 3 6M Jan. 8 20 Jan. 10 Jan. 24 63 Jan. 4 Jan. 2 634 Jan. 22 Jan. 5 3 34 Jan. 3 i aN y New Haven & Hartford— 47,000 23,000 36,000 88,000 197,000 137,000 640,000 242,000 185,000 426,000 113,000 424,000 35.000 "4",666 7,000 3,000 14,000 99,000 51,000 7,000 33,000 6,000 22,000 4,000 9,000 569,000 68,000 23,000 42,000 166,000 36,000 44,000 179,000 46,000 62,000 92,000 ANon-conv debenture 4s 1947 M s ANon-conv debenture 3 ms—1947 A O, ANon-conv debenture 3 Ms 1954 a o 11,000 26",606 124,000 30,000 91,000 350,000 83,000 137,000 290,000 27,000 72,000 9,000 19", 000 35,000 J .1955 j 1956 mn 15 h AConvertible debenture 3 m»- -1956 J AConvertible debenture 6s 1948 J j 15m j 19 m 1940 a o 32 m 1957 mn 534 18m 60m 5m 2m ANon-conv debenture 4s ANon-conv debenture 4s ACollateral trust 6s. - iDebenture 4s Alst & ref 4mb ser of 1927 1967 t AHarlem r & Pt Ches 1st 4s. 1954 tan y Ont & West 1st g 4s 1992 1,000 1,000 4s mn m s 1995 J n y & Queens el Lt & Pr 3 Ms. New York Railways Corp— . 1965 m N 1958 J j 1951 mn J 1963 j j*aN y Susq& West 1st refg5s_ 1937 J j * ASecond gold 4ms 1937 f a AGeneral gold 5s 1940 f a ATcrminal 1st gold 5s 1943 mn n y Tel ref 3 Ms series b J 1967 j n y Trap Rock 1st s f g 6s 1946 J d New York Steam Corp 3 Ms 6s stamped. 1946 aN y Westches & Bos 1st 4ms 1946 1966 Niagara Falls Power 3 Ms Niag Lock & Ont Pow 1st 5s a__ 1955 Niagara Share (Mo) deb 5Ms._ 1950 *t ANorfolk South 1st & ref 5s a. 1961 ACertificates of deposit *1 ANorfolk & South 1st g 5s 1941 Norfolk & West Ry 1st con g 4s_ 1996 North Amer Co deb 3 Ms 1949 Debenture 334s 1954 a o mn F a mn a o F a F a 1959 F Debenture 4s a North Cent gen & ref 5s ser a-_ 1974 m s Gen & ref 4 ms series a__ 1974 m s dep stamped Apr '33 to Oct '34 coup 1945 April '33 to Oct *38 coup...1945 Northern Pacific prior lien 4s__1997 Gen & lien ry & Id gt 3s. Jan 2047 Ref & impt 4ms series a 2047 Ref & impt 6s series b 2047 Ref & impt 5s series c 2047 Ref & impt 5s series d 2047 Northern States Power 3 Ms 1967 n'western Teleg 4ms extended. 1944 1,000 3,000 489",000 310",666 432,000 276,000 1,459,000 204,000 297,000 166,000 231,000 301,000 1,105,000 100,000 224,000 110,000 58,000 16,000 5,000 64,000 50,000 135,000 40,000 27,000 34,000 81",000 39,000 181,000 35,000 14,000 18,000 4,000 5,000 7,000 12,000 122,000 114,000 7,000 118,000 159,000 149,000 _ t AOgden & Lake Ch 1st guar g 4s 1948 Ohio Connecting Ry 1st 4s 1943 Ohio Edison 1st mtge 4s 1965 1st mtge 4s 1967 1st mtge 3 ms —,--1972 Oklahoma Gas & Elec 3348 1966 48 debentures Ontario Power n f 1st 5s Ontario Transmission 1st 5s & Nav con g 4s Oregon Short Line 1st con g 5s_ Pacific Coast Co 1st g 5s Pacific Gas & el 4s series g 18m 19m Sale 2934 31m 5m Sale 19 m Sale 60 61m Sale 5m Sale 5m 3 3 2m 78 m 47 48 34 108"" 10934 108 _ 23 52 Jan. 9 Jan. 29 110 Jan. 16 12 108M Jan. 3 105M Jan. 23 104 24 93 105 105 104 32 Jan. 23 105M Jan. 15 11 Jan. 8 5M Jan. 8 o 5 4 34 Sale 6 434 109 m 110m 111m 11134 110 108 m 109 m 109 109 m 108 103 m 103 m 103 m 103 34 103 Sale 12m Sale 11m Sale Sale 11m 54 m 57 57 54m Jan. 3 Jan. 9 111 Jan. Jan. 25 109 Jan. Jan. 27 104 Jan. 11 15 15 1434 Jan. 13M Jan. 11 22 57 122m 10434 105m 10534 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 114 Jan. 9 45 m 10534 10634 Sale ..... 5m 42 11034 110 86 88 m 83 m 86 Sale Sale 87 88 IP IF 122 m 106 o 125 Sale 106 34 105m Sale 105 m Sale Sale Sale 105m 117 106m Sale 112 107 m Sale 107 m Jan. 15 11 5M Jan. 45M Jan. 30 110M Jan. 15 86 Jan. 5 88M Jan. 6M Jan. 8 15 30 10 26 62 11 11 Jan. 3 22 10634 Jan. 9 19 37 34 40 11 Jan. 92 Apr. niH 94 Apr. 734 Aug. 7 Aug. 41 Sept. 11434 Sept. 98 Sept. 9734 Sept. 99 Sept. 17 34 Jan. 1534 Jan 60 124 4 _ 1946 1943 1945 1946 1946 see page 30. 19 f Sale 39 m 15 46 m Sale Sale 43 m 55 Sale Sale 39M Jan. J 42 Jan. 20 Sale 53 a j j J m s m2v m S J j j D j D F a mn J d j J 1946 J 1964 j J J j d D D d 109m Sale 7m 9m Sale Jan. 19 44 48 46M Jan. 46 Jan. Sale 109m 109m 108M Jan. 16 47 m 13 8 9 107 108m Sale" 108 m 109 m 10834 Sale 106 m 106 34 107 m Sale 110 Sale 110m Sale 106 106 m Sale 107.9 108 107 m 108"" 105m 117m 107 h 117m 111 11034 Sale 111m Sale 10734 Nov. 10 10634 Aug. 7 10834 July 28 Feb. 9 Dec. 28 50 Feb. 8 Jan. 27 5534 Mar. 17 19 40 68H 42X 47M 60X 51)^ 51X 109X Jan. 29 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 38 Nov. 14 6434 Sept. 3734 Dec. 3834 Dec. 50 Dec. 4234 May 4234 May 9834 Sept. 76 m 59 113 834 10834 107M 108M 106M 109M 105M Jan. Jan. Jan. Jan. Jan. Jan. Jan. 107M» Jan. 27 8M Jan. 23 6 2 1083^ Jan. 2 105 23 109X Jan. 2 1093^ Jan. 5 5 107 M Jan. 22 110K Jan. 23 26 11 102 Jan. 22 6 108M Jan. 11 10134 9534 5 106X 102 34 110M Jan. 116M Jan. 16 .111M aJn. 15 11SX Jan. 26 Sale 118 119 118 3 114 Sale 105m Sale 104M Jan. 76 Jan. 13 11834 Jan. 18 106M Jan. 24 98 Sale 76 Sale Sale 59 Sale 59 Jan. Jan. Jan. 112m 112m 112 Sale 110 11234 Sale 109M Jan. 108 m 109 m 108 Sale 107M Jan. Sale 4 2 767/a Jan. 60X Jan. 12 5 27 27 113 34 Jan. 30 11234 Jan. 10 26 10934 Jan. 6 4 Aug. Apr. 9734 Sept. 9834 Sept. 9634 Sept. il8M 116 117 105 m 5 10 8 Mar. 24 107 95 108 m 108 m June 50 45 29 Sale Jan 1 4 11234 Apr. 22 11434 June 15 Jan. Sale 5 7 106 Jan. 57m 27 June 29 64 49 Sept. Nov. 103 34 Dec. 110 31 40 49 Nov. 29 Jan. 52 Sale J 8 38 49 J J Mar. 34 June 14 86 July 18 29 114 39 66 q Sept. 27 45 31 107M Jan. Sale j j j j F J 17 Jan. 68 m 42 j 6 27 26 108 50 45 Feb. HI 17 3 12534 Jan. 27 106 M Jan. 2 2 10834 June 13 9 7034 Jan. 8 29 Sept. 27 Sept. 27 10734 July 1234 Sept. 10234 Sept. 20 10734 Sept. 5 38 110 80 1034 IX Dec. 30 18 10534 Nov. 20 534 Apr. 434 Dec. 434 July 30 July 100 Sept. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 9m 6m Sept. 27 Sept. 27 Sept.27 82 Oct. 21 5534 Nov. 1 20 94 34 Sept. 30 9 5m Dec. Nov. 27 Nov. 21 11034 Jan. Mar. 31 Jan. 5m 5m 3934 109m 85m 87m 9 Nov. 27 Nov. 15 Nov. 21 Nov. 22 934 2034 6134 1034 Jan. 104m Jan. Sale 12 16 1634 1734 17 34 1634 2034 2H Dec. 62 May 44 V% May 102M Sept. 10434 106 Sale 17 Apr. May 9M May 10 Apr. 10H Apr. 10 Apr. 10 X Apr. 16 Apr. 10 104m 106 36 q 1st & ref mtge 3 Ms series h._ 1961 j 1st & ref mtge 3 ms series i—1966,7 Sale 17 106 34 108 m 106m 108m 106m Jan. 37 1st guar cons 5s stamped 1946 j Ore-Wash rr & Nav 1st & ref 4s 1961 J Otis Steel 1st mtge 4Ms a 1962 J For footnotes 54 109 m 15 17m of 33" 000 Oregon rr 17,000 14,000 168,000 104,000 24,000 136,000 166,000 153,000 17 m 20 Sale Sale Sale Sale Sale 62 Sale 334 o AOct 1938 and sub coupons—1945 ACertificates 15 m 83 j"j M s tiNorthern Ohio Ry 1st guar 5s Apr 1 1935 and sub coupons. .1945 a 10,000 D j d t aN y Prov & Boston gen 4s___1942 a o n y & Putnam 1st con guar 4s__1993 a o a General Prior lien 6s stamped 6,000 10,000 n y & Rich Gas 1st 6s a 258,000 62,000 6,000 17,000 11,000 48,000 5,000 14,000 829,000 52,000 23,000 205,000 294,000 76,000 7,000 117,000 80,000 70,000 112,000 16 10434 11234 6434 53 101 Sept. Sept. Oct. Nov. Sept. Sept. Sept. Sept. Apr. Apr. Sept. 10134 Sept. 100 Sept. 38 Nov. 14 85 Mar. 9 53 H Mar. 13 6034 Mar. 11 7434 Mar. 11 65 64 Mar. 10 Mar. 10 11034 May 29 1034 10834 10934 10934 109 34 110- Oct. 28 June 17 8 Nov. Dec. July Apr. 1 15 4 6 10634 Dec. 113 34 Mar. 11 11634 Mar. 3 11134 June 26 11734 11834 10734 8134 June 2 July 31 June 15 Jan. 9 Aug. 5 113 24 May 6 65 11234 May S 31 10 May 13 n. y. stock 28 SALES IN Dec. 1939 exchange—bonds EXCHANGE N. Y. STOCK Jan. 1940 17,000 6,000 62,000 57,000 * *i2d extended b_. 1966 1966 1955 1952 M S f 4M8-Pipe L 4s A. Corp— 1st mtge s f g 3s loan ctfs 1955 Paramount Pictures Inc— 3 %s conv debenture 1947 Parmelee Trans conv deb 6s 1944 Paterson & Passaic G & E 5s—.1949 iPaulista Ry 1st & ref 7s ser A..1942 . 94,656 75 1st ext 4s.. 1938 1938 gold 5s .... iPacific RR of Mo Pacific Tel & Tel 3 M.8 series Ref mtge 3 Ms series O aducah & Illinois 1st s Panhandle Eastern 22,000 12,000 12,000 66,000 Pennsylvania Co— Guar 3 Ms coll tr ctfs ser B__. 19,000 Guar g 3 Ms tr ctfs ser O Guar g 3 Ms tr ctfs ser D_.__. "5,666 34,000 40-year guar tr ctfs 4s ser E_. 299,000 28-year 4s ---27,000 Penn Dixie Cement 1st 6s A--.. 2,000 Penn Glass Sand 1st mtge 4Ms. a 48 m M S 83 % F A O M S 80 41m 124 50 49 50 48m Jan. 84 m 44 85 86 84m Jan. 43m Jan. 43 m M s 67 m 1941 F a 1942 J D 1944 J D 102 M 104 m 1952 M N 1963 P A 1941 M S 1960 J RR— gold 4Ms series A... 1977 D 12 104M Jan. 10 Jan. 10 86M Jan. 8 25 46,000 1st & ref 4Ms series B -------- 353",000 Pennsylvania Power & Lt oMs-, 4Ms debentures 155,000 22,000 Penn RR consoi gold 4s Consol gold 4s 26,000 Stamped dollar bonds._ 98,000 Gen mtge 3 Ms series O - 153,000 Consol 4Mb issue of 1915 50,000 General 4 Ms series A 561,000 General 5s series B 180,000 Debenture gold 4Ms— 373,000 General 4M8 series D. 358,000 Gen mtge 4 Ms series E. 243,000 Conv deb 3 Ms 241,000 80,000 Peoples Gas & Coke 1st 6s Refunding gold 5s... 84,000 164,000 Peoria & East 1st cons 4s , 35,000 15,000 90,000 14,000 147,000 184,000 42,000 16,000 28,000 46,000 456,000 116,000 147,000 91,000 108,000 O Jan. 6 Jan. 31 67m Jan. 70 Jan. 2 3 102M Jan. 3 102m Jan. 105m Jan. 105 m 106 106m 107m 106 104 m 104 % 105 m 104m Jan. 103 Jan. 103 m Sale 103 Sale 94 96 94 98 % 95m Jan. Jan. 105 105 105 m 106m - J 1981 J 1969 f A 1974 f A 1943 M N 1948 MN _.. 1948 M N 1970 A O 1960 1965 1968 1970 1981 1984 1952 1943 -• 1947 1940 1990 A Income 4s (flat) - Peoria & Pekin Un 1st 5Ms A.. 1974 Pere Marquette 1st 5s series A_. 1956 1956 1st 4s series B 1980 1st g 4Ms series CL Phelps Dodge conv 3 Ms deb— 1952 1943 Phila Bait & Wash 1st g 4s 1974 General 5s series B___1977 General g 4Ms series C 1981 General 4 M s series D 1967 Phila Co secured gold 5s.. 1967 Phila Electric 1st & ref 3 Ms J APhila & Read C & I ref 5s... 1973 AConvertible deb 6s—------ 1949 t * APhilippine Ry 1st 30-yr s f 4s. 1937 M S A O Apr - f A J J J J M S J D MiV F A J J J D J D M S J J M s J J deposit 206", 000 Phillips Petroleum conv 3s..—1948 M S 35,000 Pitts Coke & Iron conv 4Ms A..1952 M S 81 * 94 108 m 108 2 5 196 96m 100 Sale 97m 108 Sale 107 m Sale 108% 113 m Sale 113 Sale 87m Sale 117 118 100m Sale 106m Sale 85 Sale Sale 96m 95m Sale Sale 84m 108 m 107 m Sale Sale 1c9m 108 H 113M 114m 113 m 113 m H3M Sale 88 m 88m Sale 109 118 Sale 117m 100m 106 m 85 m Sale Sale 108 87 m 96 m Sale 95 m 85 vs Sale 97 96 % Sale 85 Sale 115m Sale 115 116M 114m 69 m Sale 66 m 6 7M 9_m 106 K~ ltom 106 m Sale 65 64m 58 59 m 55 Sale Sale Jan. Jan. Jan. 11,000 30,000 "7",666 3", 000 68,666 41,000 104,000 4Ms series A—1940 Con 4Ms series B guar g 1942 Con 4Ms series C guar g 1942 Con 4s series D guar g 1945 Con 3 Ms series E guar g 1949 Con 4s series f guar g ,1953 Con 4s series G guar g --1957 Con 4s series H guar g—----I960 Con 4mb series I g 1963 Con 4Ms series J guar 1964 Gen guar 5s series A 1970 General g 5s series B 1975 General 4Mb series C_._ 1977 P O C & St L g a o O MiV A MN series B 1,945,000 68,000 93,000 166,000 1,972,000 27,000 6.000 7,000 42,000 13^000 92,000 63,000 32,000 11,000 44,000 186,000 7,000 200,000 4,000 188,000 138,000 236,000 38,000 6,000 6,000 1,000 14,000 3,000 7,000 48", 000 2,000 2,000 "5". 000 20,000 81 110 Jan. 23 Jan. Jan. Jan. 2 Jan. Jan. 10m Jan. 3m Jan. Jan. 110m Jan. 98 Jan. 102 % 103 m 102 M# 103m 102m Jan. 107 m Sale 107 m 109 107m Jan. 108 % 108 m 112 Jan. 109 m 111m 105 D 105 15 69 M 8 20 61M 19 111 7A 17 110 % 20 115 3 108 M 9 107 M 17 26 June 120 101H 108 % Sept. 90M Apr. Sept.- 5 97 89 Sept. 6 97 90M 74 M Apr. 11 110 Sept.22 117M Sept.15 117M Jan. 4 43 Aug. 26 77 11M 3 Jan. 5 Aug. 23 A1D6M Jan .19 103M 57 M July Jan. 5 7 76M Jan. 2 52 May 23 68 54 Jan. 9 May 25 72 Jan. 10 106M Mar. 31 li5M Jan. 4 103 M Sept. 28 lllM Jan. 3 107 Sept. 25 115 Jan. 22 102 Sept. 8 110 Jan. 4 102 Sept. 8 107 M 97 M Sept. Jan. 2 1 106 M Jan. 10 103 M Sept. 23 112M 19 Jan. 6 9M Sept. SVs Jan. 6M Jan. 3 5 12 112 3 100 Jan. 30 Jan. 31 3 103 Jan. 5 10 107% Jan. 8 Aug. Nov. Mar. June 7 Mar. 25 108 Sept. - 7 Sept. 6 14 Oct. 6 Mar. 11 Aug. 11 Oct. 27 Oct. 27 Axig .-4 Oct. 11 .■ Oct. Oct. Sept. July July Aug. June Dec. May - 13 6 5 28 25 17 16 29 19 Sept. 28 Sept. 11 Jan. 3 117 Sept. 13 105 M Sept. 90 Apr. 28 101M Sept. 13 102M Sept. 26 105M Mar. 16 9 106M Oct. 21 109 M June 104 Oct. 9 108 M June 23 102M Sept. 28 109 M Nov. 29 105 Dec. 5 106M Jan. 12 112 Jan. 4 18 116 Jan. 18 108 M 109 % 109 108 108 f A 116 116 MN 115 19 108M Jan. 22 107 Jan. 10 5 101* 15 100 Jan. 11 923 115m D A O 107 m 108 m 105 m Sale 104M Jan. 105 m 106,M 105M Jan. !03 m 108 98 Jan. 99 95 98 h Sale J J 117 m 116 Jan. Oct. 101 5 107 M Aug. Aug. 6 99% Aug. Feb. 18 107 M Mar. July 25 59 M Sept. Sept. July 25 59 July 25 59% Sept. Mar. 23 106 M June Jan. 23 46 Jan. 23 Jan, 24 23 "45m 40 h 43 44 m 44 m Sale 40 m 42 m 45 43 41 43 \ 23 104 106 106 110m Jan. 23 107 Sept. 16 16 19 8 27 27 27 26 110M 106 19 117M July 28 7 19 118M June Sept. 23 40M Jan. 44M Jan. 46M Jan. 43 Sale Oct. 106J 108 108 Jan. 105 110 110 A J 4 111 Aug. 18 Feb. 25 108 M Aug. 3 105 109 m f M 5 J J 106 80 H -----1942 a6s stamped. Sale 72 m Sale m Sale" 64 m 59 Sale' 59 Sale Sale Cable coll 5s_ 1953 1st M 3 Ms-1966 Pressed Steel Car deb 5s 1951 1 AProvidence Secur deb 4s gu—1957 I AProvidence Terminal 1st 4s—1956 Public Service El & Gas 3 Ms—1968 1st & ref mtge 5s 2037 1st & ref mtge 8s. 2037 l*APostal Teleg & 109 80 18 U Sale Sale 108 H Sale 84 % 4m 3m MN 60 M S J J 110M ill % 149 J J 146 223 J D 219 Sale 1968 A O 109 67M Jan. 24 81M Jan. 71 82 4 5 1950 MiV ACons mtge 6s ACons mtge 6s 13 m 1952 MiV 1953 f A iRhine-West Elec Power 7s ADirect mortgage gold 6s 20 107 Jan. 10 63 Jan. Jan. 16 63 Jan. 3 15 19M Jan. 24 22 iOlM Sept. 79 Jan. 4M Jan. 67 m 112 ?> Sale 110M Jan. 142 t 153 223 Jan. 219 5 5 \m -1955 A O 1952 M S deb. Richmond Term Ry 1st guar 5s_l952 ARima Steel s f 7s 1955 1*aR1o Grande June 1st guar 5s 1939 J J 102 % M S 109 M S 1934 M S 105 m 107 10 7% 16 M "7T066 24,000 JARutland RR 4Ms stpd J 8 J J 8 A 1941 O 97 109M Saguenay Pow Ltd 1st M 4 Ms-.1966 4s.. 1947 J 5s. .1996 J 2d gold 6s 1996 A St Jos & Grand Island 1st g J St Lawr & Adirondack 1st g J For footnotes, see page 30. O Oct. 153 Julv Oct. 224 M Aug. 3 110M June 28 131 6 224 Jan. 30 Jan. 10 200 99 Jan. 3 Sept. 95M Apr. 104 M June 23 31 50M Dec. 79 Jan. 30 55 63 June 23 Jan. 5 50 Jan. 9 Jan. 5 Jan. 6 Jan. 5 2 68 92 94 80 80 Dec. 105 Sept. Sept. 2 11 Jan. 30 25 Jan. 3 12 Jan. 30 15M Jan. 30 116 19 15 Jan. 30 7 7 15M Jan. 12 5 96 28 Jan. 14 28 Jan. 14 20 7% Nov. Jan. 24 12M Jan. 3 31 27 M Jan. 110 Sept. 106 Aug. 2 4 5 8 13 % Jan. 17 Mar. 13 46 Jan. 44 7 Dec. 27M Dec. 11 3 Jan. 27 M Aug. 10M Jan. 2 Sept. 11 Nov. Sept. 9% Sept. 11 18 Sept. Sept. 100 M Apr 102 M Nov. 42 July 10 15M Dec. 28 Mar. 7 22 51 Dec. Oct. 9 49 5 9 Mar. 10 101M June 20 10M Oct. 11 Mar. 102 M Aug. 14 Dec. 13 100 Nov. 3 96 Dec. 85M Apr. 102M Apr. 85M Apr. 95 Apr. Jan. Jan. Jan. 3 63M Oct. Sebt. 66M Sept. 100 Jan. Sept. 19 Jan. 18 Jan. Jan. 11 13 Jan. m up" 2?* 8K 13 "§4~" Sale 7M aVA 96 H Sale 104 111 .. .. 108M Jan. 107M Jan. 6M Jan. 8 111 11 108 Jan. 20 Dec. 31 Jan. 4 9 94 79K 7 104 Jan. 5 Sept. 7 99M Sept. 26 107 9 8M Jan. 8M Jan. Jan. 2 9% Jan. Jan. 30 110M <fan. 16 23 98M Jan. 13 Jan. 3 Ill Dec. 13 M Jan. 30 Nov. 14 2 30 Aug. 7 8 Jan. 26 11 Nov. 4 5M Jan. 25 li Oct. 7 16 95 Sept. 29 Jan. 24 29 Sale 9M Sale 80 104 107 m _-- 1969 1948 A O Aug. 17 102% Sept. Jan. 28M Jan. Sept. 27 112 19 2 109 30 M 11m Sale Mar. 14 88 6 60 M Dec. 29 120 1967 tARutland-Canadian 4s stpd..-1949 J AKuhr Chemical 6s 12m June 14 Aug. 19 105 28 m Sale Nov. 20 Feb. Jan. 20 Dec. 22 19 June Jan. Sale 40 49 it4 aV* 5 112 30 3 70 40 Jan. 108 120 Gen mtge 3 Ms series I Gen mtge 3 Ms series J Aug. Jan. 10M Jan. 107 24 14 A M S 5 14m Sale 105 28 M 9 Aug. 108 103 m 105 H 105 13 m J j*ARio Grande Western 1st g 4sl939 O Alst con & coll tr 4s series A.. 1949 D..1977 M S -1967 zl5M Jan. 14M Jan. 14 m 108 D Jan. 23 Aug. 107 M Aug. 9 Dec. 29 10M Sept. 16 109M Jan. 18 82M Jan. 58M Jan. 17M Jan. 108h Jan. 11 60 15m 14 h 83 58 M Jan. 105M Sept. Jan. 59 109 m Saib 108% Jan. 25 109M 3M8--103 m Sale 102M Jan. 15 104 Purity Bakeries Corp s f g 5s-.-1948 J J 103 m 104 r> t ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd) J D 2 62 m Sale 61M 52M Jan. 61M Sale *ADebenture gold 6s 1941 J D 50 57 m 57% Jan. 30 61 *a6s stamped 1941 J D 2 57 56 m "57 % 55 % Sale" 55m Jan. Read Co Jersey Cen coll g 4s—1951 A O 72 Sale Jan. 31 Sale 75M Gen & ref 4Ms series A 1997 J J IV* 75 72 M Jan. 26 75 72 77 m Gen & ref 4 Ms series B 1997 J J 73 99 m Sale 99 m Sale 98M Jan. 16 100 Remington Rand deb 4M8 w w_i956 M S 99 m 99 h 96 m 98 m 98M Jan. 18 99 4 Ms without warrants 1956 M S 98 m 100 M 103 m 105 h Rensselaer & Saratoga 1st gu 6S-1941 MN Sale 93 Sale 95 91M Jan. 29 95M Republic Steel Corp 4 Ms ser B..1961 F A 107 Jan. 5 108 107 ys Sale Purch money 1st 5Ms conv.,1954 MJV 107 m Sale 92 Jan. 26 93 m Sale 95 m Sale 95% Gen mtge 4Ms series C 1956 MiV 99 M Jan. 27 100M 100 m 100 H 98 100 Revere Copper & Brass 1st 4 M8-1956 J J 26 Jan. 19 27 25 m 20 M ARheinelbe Union sfg7s.. 1946 J J 3 15 16M 16M Jan. a3 M s assented 1946 15 Jan. 30 15 19 m 19 m 12m ARhine-Ruhr Wat Serv 6s 1953 J J Pub Serv of Nor 111 5 15 104 105 m 106 % 62 Potomac Elec Power conv Sept. Sept. 30 24 28 4 15 6 21 16 2 15 1977 Electric 4MS--1960 1st 5s extended to 1950—--t APorto Rican Am Tobac conv 6SI942 Portland General Richfield Oil 4s Dec. Nov. Sept. Aug. July 90 M June 100 79 90 9 22 11 16 105 MN *t ARock Is Ark & Louis 1st 4 Ms 17 31 111M 12 M 17 J 85,000 56,000 114,000 16,000 87 M Jan. Jan. 9 116 22 116M. Jan. 19 Jan. 99 M Aug. ITq, 95 M May 26 92M Sept. 89 H Jan. 98 M Jan. Jan. 98 Jan. Sale 100J 1075 Sept. 18 8 2 Aug. 14 Aug. 11 100M Sept.23 108M 101M Sept.22 108 M 106 Sept. 25 109 % 114 107 M Sept. 108 M Oct. 113M 6 20 106 Sale Oct. Dec. 28 June 25 105 3 Jan. Jan. 29 .Tan. 100 98 106 105 93 M Jan. 8 Jan. Jan. 6 3 105 1962 Rochester Gas & El 4 Ms ser Gen mtge 3 Ms series H 8,000 25 Jan. Sale 110m Sale 12 m 11H Sale 3m 3m 4 6 Sale 7m A --1974 1st gen 5s 8 107 m f Pitts Va & Char 1st guar 4s...-1943 MN 1st 4Ms ser A-1958 J D 24,000 Pitts & West V 1st mtge Ms series B 1959 7,000 1st mtge 4Ms series O ---I960 102,000 Pitts Y & Ash 1st gen 4s ser A.-1948 1st gen 5s series C 1st 4Ms series D Jan. 15 109 27 108 M Jan. 19 109 M Jan. 105 m 110M 111m 96 m 13 Feb. 27 July 24 Oct. 28 103 M July 17 104 ~ July 25 101 % Jan. 101 Vh Jan. 9 Jan. -w — Aug. 15 90 M Jan. 20 118M Jan. 31 102 M Jan. 31 108M Jan. ACertificates of 110 98M Jan. 3 I10M 106 m Jan. 24 106 M 66m 63% Jan. 20 67 58 55 Jan. 24 57 " 108m 106 h 107 106 m Sale 106 110m Sale y. 17 13 114M Jan. 115 Sale 57 M Sept. 26 91M 41M Dec. 12 58 116 Oct. 16 127 45 Apr. 6 73 102 Jan. 8 June 77 31 114M Jan. 114m Jan. 65m Jan. 114 5 112 45M Dec. 16 Jan. .Sale Sale 7 77M Dec. 29 16 Sept. Sept. 5 112M June 12 2 101M Feb. 23 104 M Aug. 99 Sept. 5 105 M Dec. 7 100 Jan. 57 Jan. 57 m Sale 110m 110m 109m Jan. 109 m 109m Jan. 110 m Sale 109 m 110 110M 115 11H 3 m 6M Jan. 116 7 65M Jan. 100 89 97M Jan. 4 105 Sale Prices 83 Mar. 10 99M Jan." 98M Sept. 96M Sept. Jan. 5 105M Jan. Jan. 2 104 26 Highest Sale Prices 67 Jan. 3 Jan. 96m Jan. 97 Sale 50 45 31 Penn Ohio & Detroit A 12 9 125 _ 102 m 24 llOMJan. Jan. 124 70m 67 Sale Sale Sale 125 125 Prices Jan. 30 Jan. 24 Jan. 11 Sale 79 75 25 109 M Sale Prices 76 Jan. 8 75 Jan. 24 80 74 m 68 80 Sale 108% Jan. 109m 109m 109 110M 110M 109 % 110M 109m Jan. 101% 101% 103 m Sale 103m Jan. 104m 105 Paramount Broadway 25,000 Ask Ask Bid 70 80 Bid Lowest Highest Lowest Jan. 31 Jan. 2 YEAR 1939 RANGE FOR PRICES IN JANUARY BONDS 4 Dec. 28 6 Sept. 28 107 M June 103M Sept. 25 109M Dec. 27 88 n. t. stock FEB., 1940] SALES IN Dec. 1039 exchange—bonds PRICES IN JANUARY bonds Jan. 1940 Jan. 2 n. y. stock exchange Bid 147,000 11,000 107,000 5,000 151,000 11,000 26.000 2,000 871,000 353,000 339,000 188,000 501,000 573,000 170,000 285,000 161,000 514,000 269,000 158,000 37,000 203,000 153,000 101,000 2,000 81,000 106,000 "3",000 251666 77,000 10,000 1,202,000 St Louis Iron Mtn 8c South— A*River & Gulf Dlv 1st g 4s_ —1933 mn ^Certificates of deposit iSt LPeo&NW 1st 5s .—1948 j" J 3 t L Rky M & Pac 5s stamped. -1955 J t ASt Louis-San Francisco Ry—• -.1950 I APrior lien 4s series A ACertificates of deposit APrior lien 5s series B. ACertificates of deposit ACon M4^s series A 1950 y g 4s—1989 A2d gold 4s income bond Nov 1989 *Alst terminal & unif 5s—..1952 a Gen & ref 5s series A 1990 St Paul & Duluth 1st consol 4s__1968 ASt Paul E Grand Trunk 4 **s—1947 ASt Paul & K O Short L gu 4 **s 1941 61 J J 12 Sale 25 63 11 ** 1978 m"s ACertificates of deposit stamped % ASt Louis Southwest 1st Ask Bid 61** Sale 21** 58** Sale 11** Sale Sale 11** Sale 11** Sale 105* 11** 64 MN 60 3 J J 3 27** 33 17 J* Sale 10** Sale J. J JD 3 J F A Jan. 31 60** Sale 59 61 20** Sale 58** 66** 11** 11** 12** 115* Sale Sale Sale Sale 11*1 Sale 105* 11** Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 18 62 62 Jan. 2 Jan. 3 23** Jan. 6 59** Jan. 585* Jan. 18** Jan. 18 15 60 Jan. 15 62*4 Jan. 16 10** Jan. 15 13 12** Jan. 11** Jan. 25 24 12 12 13 12 Jan. Jan. 25 26 115* Jan. 2 3 10 11 Jan. Jan. 10** Jan. 10 Jan. 10 Jan, 12 6 Jan. 11** Jan. 575* Sale 275* 30 23 64 Jan. 4 275* Jan. 12 17 16 Jan. 12 12 2 2 56 8** Jan. 19 275* Jan. 175* Jan. 105* Jan. Jan. Jan. 19 18 Jan. 2 65* Jan. 4 97 "m 985* 97 5* 975* Jan. Jan. 114 115** 1145* Sale 114 Sale 54 54 Jan. 565* 58 1075* 108** 107** Sale 107** Jan. 112 110 111** 111** 1095* Jan. 26 95 Sale 6** 8 82 4K Sale 9 85 9** 90 4** 5** YEAR 1939 Lowest | Ask RANGE FOR Highest 7*1 5% 5 52 Apr. 8 51** Apr. 11 12** Mar. 31 52** Apr. 10 7 6** 7** 7 6** 6** Sept. Sept. Apr. Aug. Aug. Aug. 54** Jan. 26 June 65** Jan. 6 Jan. 5 23 ** Nov. 29 64 62** Mar. 24 Jan. 135* Jan. 14** Jan. 4 Jan. Jan. 3 3 1 1 10 24 28 28 14 28 65 2 15 Sept. 5 8 Aug. 22 87 May 19 3** May 24 35* Apr. 8 14 14 3 3 13** Sept. 27 Mar. 9 35** Jan. 12 23*1 Mar. 4 155* Jan. 6 87*1 Mar. 24 65* Apr. 6 9 Jan. 4 t Paul Minn & Manitoba— 26,000 12,000 135,000 17,000 38.000 5,000 4,000 39.000 4,000 18,000 5,000 354,000 61,000 131,000 83,000 493,000 401,000 21,000 251,000 49,000 399,000 21,000 9,000 233,000 28,000 175,000 10,000 61,000 183,000 79,000 24,000 41,000 157,000 25,000 23,000 168,000 21,000 21,000 1,000 10,000 33,000 5,000 20,000 tPacific Ext sterling guar 4s._1940 St Paul Union Depot 1st 5s guar. 1972 San Ant & Aran Pass 1st guar 4s. 1943 San Antonio Pub Serv 4s 1963 San J J J 3 J 3 A O 1965 MN Diego Cons G & E 4s Santa Fe Prescott 8c Phoenix 1st 5s'42 M S t ASchulco Co guar J J 185* 1854 B—1946 A O 29** 1946 J 6**s J AStamped iGuar. sinking fund 6**s 109 ** AStamped-—- —- 3,000 Scio Vail & N E 1st guar g 4s 1989 13,000 a Seaboard Air Line 1st g 4s—1950 246,000 ♦AStamped 4s 1960 13,000 a Adjustment 5s —-Oct 1949 351,000 ♦ARefunding g 4s 1959 81,000 ACertificates of deposit 762,000 Alst 8c cons 6s series A —1945 178,000 ACertificates of deposit 15,000 t ♦ AAtl-Birm Divlst g4s May 1933 -304,000 { ASeaboard Air-Fla 6s A ctfis.*—1935 127,000 a6s series B ctfs of dep. 1935 607,000 Shell Union Oil 2**s debs 1954 22,000 Shinyetsu El Pow 1st 6**s 1952 >2,000 ASiemens & Halske deb 6**s .1951 ASilesia Elec Corp 6**s 1946 15",000 Silesian Am Corp coll tr g 7s 1941 225,000 Simmons Co conv deb 4s 1952 37,000 Skelly Oil debenture 4s -.1951 253,000 Socony-V acuum Oil 3s debs -.1964 A O MN A O O F A A O A — MS — South 8c Nor Ala gu 5s MS F A F A J J 3 D M S F A 29** "25" & 32 32 115 13 ** 16 15** Sale 15* 2 ** 5 Sale 4** Sale 8 19 31 8 15 1075* Jan. 11 Ill** Jan. 9 1095* Jan. Jan. 25 25 25 Jan. 16 11 35** Jan. 11 37** Jan. 5 26 1095* 110 1095* Jan. Jan. 23** 29** 21 25 Sale 18** Jan. 35 37** 285* Jan. 35 38 29** Jan. 116 13** Sale 27 118 16 15 13j *8 3** 6 955* Sale 62** 118 Jan. 13** Jan. 135* Jan. Sale IK Sale 4 a w 2Jj 5** Sale 31 6 2 6 31 31 JL4J£J&axiu. Jan. 31 3** Jan, 24 3 9 24 24 31 29 Jan. Jan. 15** Jan. 15* Jan. 5** Jan. 85* Jan. 75* Jan. ,15-5*™Jan.-31 Jan. 2 Jan. 15 45* Jan. 96** Jan. 12 10 26 64 16 27** Jan. 995* Jan. 1025* Jan. 17 105 15106 95 108** 109 108** Sale 105** 108** 1095* 105** Sale 97** Sale 104 108 Jan. 29** Jan. 4 30** Jan. 18 100** Jan. 24 4 3 4 15 25 25 105* 7** 1** 3 6J* Jan. 4 ' 96 May 10 99 111** Sept. 5 118 47** June 30 68** 995* Sept. 25 1075* 105 Sept. 5 112*4 109 Apr. 6 110** 15** Feb. 3 20 105 108 109 Sale Sale 110** 106 Sale 98** Sale Aug. June July 18 31** Nov. 6 32*1 May 24 Jan. Jan. 4 8 Sept. 5 25 Mar. 11 June 1 1195* June 195* Mar. 175* Jan. June 8 18 11 29 21 7 9 3 3 4 Sept. 27 25* May Jan. Jan. June 4** June 11** Aug. 2*1 Apr. 2** May 885* Sept. 50 Aug. 25** Nov. 3 4 Sept-27 Jan. 3 5 5 Jan. 9 955* Dec. 29 62** Dec. 13 7 755* Jan. 23 k June 14 Mar. 8 Jan. 12 105 Jan. Jan. 9 Oct. 22 Sept. Apr. Sept. Sept. 7 100** June 1055* Dec. 21 105** Dec. 23 Jan. 120 91 98 97 115 - 8 Nov. Feb. Jan. Nov. Jan. 10 —.1963 50.000 Southern Bell Tel 8c Tel 3 Ms—1962 A O 171,000 3sdebentures 1979 J. J 80,000 Southern Calif Gas 4**s 1961 M S 7,000 1st mtge 8c ref 4s 1965 F A 22,000 Southern Colorado Pow 1st g 6s. 1947 653,000 Southern Kraft Corp 4>£s_ 1946 Feb. Apr. 11 Apr. 11 1165**Feb. 57 Jan. 29** Jan. 35* Sale 96 55** 62 33 29** 99** Sale 104** 105** Sale —— Jan. 4** Jan. 75* Jan. 65* Jan , Sale Sale 135* 29** 39 Sale 100 1025* 103 105** Sale 29** 15* Jan. 5 Sale Sale 7** Sale _14 16 ,1 3TTSale 25 10** 24 J* 98** Jan. 5 1145* Jan. 2 61** Jan. 1075* Jan. 26 109 1035* Jan. 29 1055* 108 Jan. 9 1085* 3 110 1195* Jan. 105 Jan. 975* Jan. Jan. Jan. 8 3 4 Jan. 13 31 99** Jan. 18 6 106 2 Jan. Jan. 82 Dec. May Sept. 5 110 Dec. 935* Sept. 23 105 1035* Sept. 5 109** Nov. 105 Sept. 11 1105* Feb. 100 Apr. 11 106*1 Nov. Dec. 87 Sept. 6 98 100 9 20 28 13 -3 9 8 Southern Natural Gas—- 86,000 473,000 723,000 648,000 1,285.000 1,348,000 667,000 78,000 407,000 50,000 1st mtge pipe line 4**s ..1951 238,000 Sou Pac Co 4s Cent Pac coll Aug *49 412,000 1st 4 Ms (Oregon Lines) ser A.1977 342,000 Gold 4**s 1968 719,000 Gold 4 3^s May 11969 644,000 Gold 4**s_._ .—1981 224,000 10-year secured 35*s 1946 49,000 San Francisco Term 1st 4s 1950 304,000 South Pac RR 1st ref guar 4s 1955 338",606 328",000 637,000 215,000 632,000 232,000 241,000 2,000 192.000 43,000 28,000 43.000 218,000 39,000 24,000 2,000 164,000 179,000 158,000 90,000 4,000 10,000 119,000 90,000 299.000 448,000 lii'ooo 204,000 79.000 201,000 13,000 305,000 786,000 37,000 62,000 91,000 52,000 100,000 7,000 98,000 41,000 25,000 155,000 368,000 179,000 50,000 137,000 87,000 21,000 57,000 47 49.000 34,000 3,000 Sale Sale Sale O Sale Sale Sale Sale 78 59 Sale Sale 1994 Sale 87 Sale Sale 57** Sale 77** Sale 805* Sale 78 72** Tenn Coal Iron 8c RR gen 5s 79** Sale 78 73 112 3s debentures 1959 Texas 8c N O cons g 5s 1943 Texas 8c Pacific 1st g 5s.— 2000 Gen ref 5s ser B -1977 Gen & ref 5s series C 1979 Gen 8c ref 6s ser D 1980 Tex Pac—Mo Pac Term 5**s A.1964 Third Ave 1st ref 4s— 1960 AAdjustment income 5s. .Jan 1960 ♦AThird Ave RR 1st gold 5s 1937 Tide Water Assoc Oil deb 3 Ms—1952 F A J D J J MN J 126** 1145* 107** 895* 91*4 Sale 107 A Sale f Sale J f Sale 3 69 J A Sale A 72 Sale 3 M S 99 Sale J AO 3 J J 3 Sale 98** Sale 1950 A O 655* Sale O—1§42 1945 16,000 Ujlgawa Elec Power sec 7s 91,000 Union Electric (Mo) 3 Kb -.1962 10,000 *4AUnion Elev Ry Chic 1st 5s_.1945 18,000 Union Oil Cal 30-yr 6s ser A May '42 3s debentures 178,000 1959 334,000 Union Pac RR 1st & land gr g 4s_ 1947 First 8c refunding 4s .June 2008 199,000 1st lien & ref 5s June 2008 97,000 34-year 3**s debenture -1970 133,000 35-year 3**s debenture l97l 180,000 22,000 United BiscuitJAmer) deb 5s—1950 73,000 United Cigar-whelan Stores 5s. 1952 Jan. Jan. 23 Jan. Jan. 9 Jan. 3 Jan. 4 Jan. Jan. Jan. 3 Jan. 3 3 4 Jan. 65** Jan. 5 885* 615* 79k 84** Jan. Jan. Jan. Jan. 4 Jan. Jan. 1005* Sept. 40 May 405* May 39 May 375* May 37** May 51 May 78 Sept. 54 Sept. 6 1065* Dec. 20 17 17 17 17 17 16 26 1 585* Mar. 10 61*1 Mar. 9 575* Mar. 10 57*1 Mar. 9 57** Mar. 9 68 Mar. 10 93 Mar. 11 72** Mar. 10 755* Jan. 785* Jan. Jan. 3 78 23 72 78 Jan. 1045* Jan. 17** Jan. 105 Jan. 1045* Jan. 105 Jan. 99** Jan. 105** Jan. 19 Ill** Jan. 22 108 Jan. 20 1065* Jan. 23 19 Jan. 15 5 3 3 3 10 3 8 13 19 3 1055* Jan. 12 30 3 105** Jan. Jan. 1265* Jan. 1145* Jan. 3 31 92 5 22 88 Sale Jan. 106** Jan. 1055* Jan. Jan. 12 1095* Jan. 30 29 30 31 29 15 55 65 110 Sale 96 Sale 67** Jan. 67** Jan. 67 Jan. 925* Jan. 505* Jan. 13 5* Jan. 95 Jan. 15 4 17 565* Jan. 29 63 3 2 11 106 98** 106** Sale 106** Jan. 57 87 105** Jan. 2 106** Jan. 3 26 109** Jan. 91 Jan. 525* Sale 15 97 Jan. 1265* Jan. Sale 114** Jan. 1075* 107** Jan. 67** Sale 67** Sale 67 93 17 23 129 1055* Sale 63 109 17 Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jau. Jan. Jan. Jan. 3 59** Jan. 89** Jan. 64** Jan. 20 655* Jan. 87 655* 1075* 105** 63 110** 72** 72 72 97** 54** 155* 97** 107** 11 2 77 44 Apr. 11 Apr. 10 Apr. 8 Apr. 11 70 Sept.12 60 Sept. 5 102 Sept. 5 97 Sept. 26 100 Sept. 5 12** Apr. 10 102 Sept. 20 975* Sept. 22 Sept. 5 68 Apr. 11 103 Sept. 6 57 58 91** Mar. 62*1 Oct. 81 Sept. 84** Oct. 80 74 Mar. 17 Mar. 10 112** Feb. 20 109 May 27 1095* May 11 22*1 July [19 105** June 7 106** Jan. 10 106 h June 27 99** Dec. 30 1075* Jan. 6 Sept. 21 130 112** Nov. 9 1165* 100 Sept. 5 110*1 95 79 Jan. 24 115 102 Sept. 95** Sept. 30 11 10 11 June"22 July [14 July [22 Mar. 10 6 1085* Jan.*l0 5 105*1 Dec. 30 Dec. 12 119 Dec. 27 89 Dec. 28 89 Dec. 27 89 Dec. 20 104 5 8 9 8 11 18 27 17 June Mar Mar, Mar, July Nov, 16) (roct.1 28 98) i Aug. Sept. 5 107) i May 52 Apr. Jan. Jan. 16 5 49 18 2 Aug. 24 84** Oct. 5 60** Feb. 17 905*lMar. 15 2 54** Jan. 715* Oct. 20 4 M S -1966 J D Trenton Gas & Elec 1st 5s 1949 M S 3 Tri-Cont'l Corp conv deb 5s ser A '53 J ATyrol Hydro-Elec Power 7**s._1955 MN AGuaranteed sec s f 7s -—1952 F A For footnotes see page 30. 87 57 Jan. 51** Jan. 116** 1045* Sale 17** 20 107 105 Sale 105** 1055* Sale Sale 105 Sale 105** Sale Sale 106** 106 675* Sale 89** Sale 2,000 5,000 27 45 Jan. Jan. Jan. Jan. 70** Jan. 70 107* 19* 107 Tokyo Electric Light (Ltd)— 1st M 6s $ series 288,000 June 15 1953 J D 41,000 Tol & Ohio Cent ref 8c Imp 35*s-1960 J D 4s Jan. Jan. 1065* 435* 485* 455* 45** 110 107** 107** 1075* 107 -.1951 J Term RR Assn of St Louis 5s...1944 Gen ref s f gold 4s 1953 Texarkana & F S Ry 534s A guar 1950 Texas Corp deb 3**s 1951 g 45 Sale Sale Sale Sale 52** Sale Sale S'western Gas"& Elec 4s ser D—1960 MN tASpokane Internat 1st g 5s 1955 3 J Tol W Va & Ohio 1st guar 4s Tor Ham 8c Buff 1st 4s— 78 435* 485* 455* 455* 455* 9 107 26 485* 24 53 30 505* 15 50** 27 50** 27 58 31 805* 58 Sale 1956 1956 1956 —1996 Southern Ry 1st cons 5s Devel & gen 4s series A Devel 8c gen 6s series A 37,000 Tol St L & West 1st 107 1955 ; Staley (A E) Mfg 1st mtge 4s...1946 292,000 Standard Oil N J deb 3s 1961 162,000 15-year 2Mb debs,,— 1953 590,000 Studebaker Corp conv deb 6s__1945 192,000 Swift & Co 1st M 35*s -.1950 1,000 8,000 92,000 39,000 177,000 337,000 5,000 61,000 88,000 54,000 58,000 43,000 334,000 1,316,000 41,000 56,000 Sale M S Af S MN MN J J Devel & gen 6**s series A Memphis Div 1st g 5s 27,000 St. Louis Div 1st g 4s —.1951J 118,000 Southw Bell Tel 3 **s series B—1964 J D 68,000 1st & ref 3s series C 1968 J J "3",000 11,000 2,000 48 stamped 106** MS J J A 94 122 99 125 99 124 108 106** 1105* 107 125* ::: 125* 895* Sale 85** Jan. 895 1075* Jan. 1065* 108 85* Jan. 9** 115 112** Jan. . nti F A F A Sale J M S Sale m 110 _ 107** Sale M S A O MN AO A O 99 31 23 125 12 108 Jan. Jan. Apr. 26 109 IJan, lAug. [Jan. Jan. ni" Sale 102 Sale 113 107 Jan. Jan. Jan. Sale 113** Jan. 114** 115 Jan. Sale 95** 96** 96 96 \ Sale Jan. 96** Sale Sale 108** Jan. 108** Sale 63 Sale' 62 Jan. 13 86** Jan, 2 109 17 3 15 15 25 5 25 30 30 15 9 Jan. Jan. 18 10 20 20 8 30 1125*. Jan. 1025* Jan. 114*1 Jan. 108** Jan. 4 115** Jan. 31 98 Jan. 97** Jan. 109 Jan. 67** Jan. Feb. 27 j25** May 13 1? O J Jan. Jan. Jan. June 15 100 Mar. 4 Dec. Nov. 98 125 107 Sale 8 12 17 11 1 24 6 26 10 8 9 Mar. 31 91 Nor. 20 5 110 m t. 13 13 IFeb. 7 Sept. 11 116**'Jan. 17 Sept. Dec. 16 Oct. Sept. Sept. 16 1025* Nov. 9 5 115 June 12 5 1105* June 7 Mar. 15 1165* Feb. 20 Sept. 25 100** June 6 Sept. 30 100** June 6 Nov. 29 Sept. 6 110 Sept. 12 83**!Jan. 3 N. Y. STOCK 30 SALES IN Dec. 1939| EXCHANGE-BONDS PRICES IN JANUARY BONDS n. y. stock exchange Jan. 1940 Jan. 2 -.1953 188,000 United Drug Co (Del) 5s 11,000 UNJRR& Canal Co gen 4s— 1944 1934 31,000 ♦JiUnited Rys St L 1st g 4s. . 394,000 U S Steel Corpus debs-- ---1948 2,000 iUnited Steel Wks g 6Mis ser A 1951 a3Msser A assented--1951 a6ms series C --1951 a3 Ms ser O assented— -1951 ASinking fund deb 6 Ms ser A 1947 5,000 a3 Ms ser A assented 1947 85~666 United Stockyards 4 Ms w w_ -—1951 141,000 Utah Light & Trac 1st & ref 5s. -1944 1944 248,000 Utah Power & Light 1st 5s 332,000 £* AUtilities Pow & Lt deb g 5Ms 1947 * a Debenture 5s -1959 387,000 329,000 3,000 95,000 272,000 8,000 "3",000 ~ 8"66O 3O"O66 97,000 215,000 156,000 248,000 80 M J09M ~3"66O Jan. 31 105*1 Sale 23; 14; 23; g* ?I* YEAR 1939 Lowest Highest Sale Prices Sale Prices 77 Jan. 24 81M Jan. 3 110 Jan. 3 110M Jan. 24 5 38*4 Jan. 17 37*4 Jan. 105 M Jan. 5 106*4 Jan. 22 17 23*4 Jan 24M Jan. 19 Highest Sale Prices Sale 69 Jan. 4 84*4 104 Sept.28 111 24M Jan. 6 38 M 100 Sept. 6 106 M 11M Sept. 20 Prices Aug. 3 July 25 Nov. 29 Aug. 8 11M Sept. 20 50 14 50 Jan. 4 21 4 31 20 50M Jan. 4 23 . 11 Oct. Jan. Oct. 14; 22 M 25 14 20 Sale 90 102 M 103 M 89 24; 14M 92 M Sale Sale 102 102 M 92 M Sale Sale r94 Sale Sale 89 23M Jan. 17 24*4 Jan. Oct. 13 20 Sale Sale Sale Sale 105M 106M 102 M Sale 90 101 Jan. Jan. 2 93M 102*4 103M 93M e93*4 Jan. Jan. Jan. Jan. Jan. 15 30 83 M May 17 90 93 Jan. 26 102*4 93M Apr. 11 103 M 66 Jan. 3 89M 30 65M Jan. Jan. 5 6 M Jan. 15 110 Jan. 42 23 Jan. 2 24 102M Jan. 87M Jan. 87M Jan. 31 16 102 19 105 Jan. 17 10 109 1957 MN l08~" —I I 109 Consol 4s series B Ask Sale 67*4 Sale 102,000 Vanadium Corp (Am) cony 5s_-1941 A O Vandalia consol g 4s A 1955 F A 112,000 | Ask Bid Sale 77*4 110 Bid RANGE FOR Lowest — 3 Jan. 9 17 22 Nov. Nov. Dec. 89M Dec. 30 30 96 Apr. 10 118*4 Sept. 12 106M Feb. 10 109*4 Aug. 3 106*4 Jan. 24 109M June 22 Vera Cruz & Pacific RR— 15,000 39,000 5,000 7,000 29,000 7,000 68",066 28,066 124,000 163,000 360,000 180,000 16,000 28,000 19,000 61,000 15,000 275,000 292,000 379,000 292,000 •38,000 .1.11,000 13,000 *a4ms July 1914 coup off 1934 J * M H M Jan. ♦a4ms assented 1934 J *4 Sale Virginia Elec & Pow 3 Ms ser B--1968 MS 110 109« 109M 109M Jan. Va Iron Coal & Coke lst g 5s—1949 M S Va & Southwest 1st guar 5s_---2003 J J First cons 6s —1958 A O Virginian Ry 1st & ref 3 Ms ser A 1966 M S 108M Sale 1939 MN 38 M Sale 423,000 128,000 5,000 32,000 5,000 15,000 74,000 157,000 * . ASecond gold 1939 F A 5s Alst lien 50-year AOmaha Div 1st g 3 Ms aToI & Chic Div 1st g 4s 426,000 65,000 6,000 Is, 006 "3",000 29", 000 "9", 660 41 — West 231",000 n O 265",066 JiWisconsin Cent 1st 453,000 179,000 12M i 11M 41K Sale — — «■> — 1952 1977 — 85 34 Sale Western Union Teleg 4*4s gold!I960 MN Gold 5s——1951 J D Gold 5s-—I960 MS - AWestphalia Un El Pow 6s 1953 West Shore 1st 4s guar 2361 Registered 2361 Wheeling & L Erie RR 1st con g 4s *49 Wheeling Steel Corp 4 Ms ser A—1966 White Sewing Machine deb 6s—1940 f» AWilkes-Barre & East 1st gu g 5s'42 Wilson & Co 1st M 4s ser A 1955 Conv debentures 3 Ms —-1947 Winston-Salem S B 1st 4s 1960 gen g 4s—1949 ACertificates of deposit 20,000 *ASup & Dul Div & Ter 1st 4s.1936 53,000 ACertificates of deposit 2,000 1968 32,000 Wisconsin Elec Power 3 Ms 19,000 Wisconsin Public Service 4s—-1961 1,000 t AWorces & Conn East Ry 4Ms.1943 389,000 176,000 Youngstown Sheet & Tube— Convertible deb 4s— 1st mtge s f 4s series O J J J J J J M S F A MN J D 32 M —- Jan. 107H Jan. Sale Sale 37M Jan. 17*4 Jan. 25M Jan. SI** 41 48 15 Jan. 12M Jan. 11M Jan. •It* 42 Sale 8 Jan. 17*4 17*4 A O J D J J 1948 MS 1961 MN . Sale 35 M 36M 84*4 Jan. 32M Jan. 35 Jan. Sale 108 Jan. 108 M Sale 120 ~ Sale 126 Jan. 108M Jan. 118M Jan. 3 8 11 30 42 M Jan 22 12M Jan. 15 13 Jan. 17 10 9M Jan Jan 16 13 9*4 Jan 3 9*4Uan 20 106 M Jan 10 70 Jan 22 a. 77 Jan 3 5 85M Jan. 35M Jan. 35*4 Jan. 126 M 120 >4 108M 112 84 M Sale 89 M 108 18 M 18*4 18 Sale Sale 65 M 68 Sale 15 I4., Sale Sale Sale Sale Sale 67 M 69 Sale JIM Sale 48*4 42 M Sale 114*4 96 M Sale 1012»»« 12 M Sale Sale 18 4 30 Jan. 25M Jan. 15 Jan. Jan. 101 11 30 19 15 15 22 E1' Dec. 22 54 41H Jan. . Ill 83 *4 Jan 88 M Jan 107 M Jan Oct. 10 Apr. 26 65 Sept. 1 109M June 2 Sept. 1 49M Jan. 10 14 M Aug. 29 28M Jan. 3 24*4 Dec. 6 30M Oct. 27 40M Dec. 27 52M Feb. 15 11 July 26 18 Sept. 26 10 M Dec. 27 18 Sept. 26 40M Jan. 11 43 Apr. 15 5 Sept. 1 15M Sept. 27 4M Aug. 25 16 Sept. 27 4*4 Aug. 24 15M Sept. 27 5 16 Sept. 1 Sept. 27 100 Sept. 21 107 M Jan. 11 56 Apr. 6 67 M Oct. 26 JZ3^June2-l --80—-Jan;™-~8' , 31 4 Sept. 21 92 July Dec. 2 Dec. 12 5 47 40 Mar. 16 Mar. 31 May 9 June 24 17 M 13 19 8 IllM Jan. 85 2 91 4 108 15 19 15 14 103 23 25 Jan 3 19 18 Jan. Jan. 2 Jan. Jan. 4 67 M Jan Jan. 72 Jan. 70 15 Jan. 52 Jan. 46 Jan. Jan Jan Jan Jan 29 Jan. Sept. 11 Jan. 18*i 18*i Oct. Jan. 17 24 10 103 _ 16 114M Jan 98*4 Jan 2 6 112M May 23 May Mar. 4 1 Apr. 27 95 Sept. 13 108 May 9 24 May 2 24 May 1 Apr. 11 Sept. 27 Sept. 27 Sept.16 Sept. 15 Sept. 15 Mar. 7 Mar. 13 Mar. 9 Aug. 1 3 4 4 Jan. 8 Sept. 20 4 Dec. 27 4 8 Jan 13 M Jan 18 105*4 Jan 2 98M Jan 27 17 Jan. zl8 Jan. 15 2 10 June 26 103 2 Jan. 12 20M Jan. 4 19 Jan. Apr. 10 3 7 Jan. 17 9*4 Jan. Sale 6 6 7*4 Jan. 7*4 Jan. 8M 6M 8M 108 M Sale 108M Jan. 17 109M Jan. 109*4 Sale 109*4 109M 109 M Jan. 17 110M Jan, 109*4 110 9M 20 9M Jan. 26 9M Jan. 4 May 22 May 15 May 19 Sept. 22 Sept. 16 9 Sale 109M Sale 105 M Sale 7*4 106 Sale 105M Sale 105M Jan. 105M Jan. 22 10954 Jan. 22 106M Jan. m 9 Mar. 10 Dec. 29 Nov. 3 Nov. 14 13 M Dec. 5 Sept. 7 105 M Nov. 17 Sept. 13 Apr. 14 99 Jan. 31 114 July 6 30 Jan. 26 59 Dec. 27 52 Jan. 19 114 Apr. 10 99 3 10 Jan. Jan. 12* mi 16" 22 12 Jan 103* 104M 105 M Sale Sale 99M 97 Sale 29 127M Jan. 29 109*4 Jan. 2 120 Jan. 10 9 67 3 109 26 109 M July 7 Sept. 15 130 July 26 Sept. 13 110 Aug. 2 Sept. 14 122 May 22 16 2 17M Jan 17 Jan. 64 Jan 68M Jan 66*4 Jan 46*4 41M 46M 113*4 97 M 96*4 Sale Jan. 16 108 6 May 11 45 Sept; 23 72M Sept. 28 May 108 84 Sale 88 M Sale 108 Sale 66 68 M 67 12 50 M 44 114 98 M 101 13 103 M 97 105 18 11 5 18 20 M June 1M May 24 72 23 62M Jan. 16 108 *4 Jan. 6 Sept. 23 HI 75 — 108 18 MN 85*4 36 34 M S -»« I* 8* Jan. 59 83 Sale 7M Jan. 8M 9M Sale 7*4 Jan. 9 .8 Jan. 9*4 Sale 106 106M 105M 106> • 105M Jan. A O 74 65 Jan. Sale 67 79M 64 A O 74 Jan. 72 77 66*4 J First & ref 5 Ms series A West N Y & Penn Gen gold 4s—1943 A O jAWestern Pacific 1st 5s ser A- -1946 M S AAss6nt6d 18* 25 41 13 A O J D 1945 1945 F A Maryland 1st g 4s 240,000 75,000 43,000 54,000 70,000 89,000 194,000 178,000 13,000 78,000 53,000 30,000 201,000 1,000 41,000 97,000 65,000 40 55 58*4 62 106M 108 16 1950 J D 126M 94,000 1967 J J 108 M 109*4 23,000 West Penn Power 5s series E-—1963 MS 118 M Sale 1st mtge 3 Ms series I 18,000 1966 J J 108M 109 297.000 61,000 36,000 63,000 178,000 142,000 220,000 290,000 28,000 189,000 32,000 18,000 191,000 2,000 83,000 80,000 22,000 35,000 66,000 39.000 115,000 42,000 llH 18 Warner Bros Pictures 6s debs-.-1948 MS t a Warren Bros Co. deb 6s 1941 M S Warren R R 1st ref gu g 3 Ms—2000 F A Wash Cent Ry 1st g 4s 1948 Wash Term 1st guar 3 Ms 1st 40-year guar 4s Westchester Light gold 5s Gen mtge 3 Ms "46"' 13 t AWabash Ryref & gen 5Ms A--1975 M S ARef & gen 5s (Feb "32 coup) B *76 F A ARef & gen 4 Ms series O 1978 A O - 62*4 19M Sale 1941 1941 M S 82,000 236,000 ARef & gen 5s series D —1980 91,000 22,000 Walker (Hiram) G & W deb 4 Ms 1945 -1955 112,000 Walworth Co 1st mtge 4s 6s debentures--—1955 8,000 45 83 22 M gold term 4s 1954 ADet & Ohl ext 1st g 5s—1941 *ADes Moines Div 1st g 4s—1939 42"666 1.000 73,000 18,000 41,000 t*AWabash RR 1st gold 5s 31 55 61 M June 6 5 2 9 26 Jan. 100 23 8* W 110* 9 Sept. Sept. Sept. Sept. May Mar. Feb. 27 26 27 27 25 29 14 Mar. 31 115)4 Sept. 20 6 107 M Mar. 3 100 M Sept. NEW YORK CITY .1964 M S J .1967 J 7,000 4Ms. 3,000 4Ms. * Negotiability impaired by maturity. Bonds selling flat. H The following bonds a n . ' 120 Jan. 124 M Jan. Under the rule sales, only transactions or the current month and not included in year's range. have been called for redemption in their entirety: Consumers Power 3Ms, 1965, May 1 at 104*4. r Cash sales, only transactions of the current month, and not included in year's range. t Odd lot sales, not included in year's range: t The price represented is the dollar quotation pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. Treasury 2Ms, 1948-1951, Jan. 31 at 107.30. Treasury 3*£s, 1949-1952, Jan. 31 at 111.21. Federal Farm 2Ms, 1942-1947, Jan. 30 at 104.26. Home Owners 1 Ms, 1945-1947, Jan. 31 at 101.9. per 200 $ Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by such companies. a Deferred delivery sales, only transactions of the current month, and not included in years range. x Ex-interest. The following cash sales were transacted during the current month and are not included yearly range, Brooklyn Queens Co. 5s, stmp., 1941, Jan. 31 e In the monthly or at 56. 120 Jan. 124M Jan. Chile 6s, 1960, Jan. 11 at 17 M. Chile 6s, 1961, Jan. 12 at 18. General Electric 6s, 1948, Jan. 29 at 29M. z The following deferred delivery sales were transacted during the current month and are not included in the monthly or yearly range. Antioquia 7s, 2d series 1957, Jan. 18 at 12 M» Cent. Agric. Bank 7s, 1950, Jan. 11 at 14 *4. Chicago & Erie 5s, 1982, Jan. 25 at 85*4. . Columbia 7s, 1946, Jan. 13 at 25*4. Dominican Rep. 5*4s, 1942, Jan. 3 at 71. German 7s, unstamped, 1949, Jan. 8 at 6M. Mendoza 4s, 1954, Jan. 10 at 70M. Rhine Westphalia 7s, 1950, Jan. 15 at 14*4. San Paulo 8s, 1936, Jan. 5 at 12*4. Wise. Centrales, c-o-d, 1949, Jan. 11 at 17M. New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING JANUARY Stock Sates 1939 1940 January Shares. the case a rale of the Stock 1939 Exchange, effective Oct. 3. 1915, allsto^k* are aow 1938 2,046,083,000 Jan. 1 to Dec. 31 297,466,722 262,029,599 la accordance with ote except in 1939. $159,611,000 1938 1939 Jan. 1 to Dec. 31 1940 $144,917,000 January 25,182,350 15,990,665 1940 Bond Sales 1,859,865,000 quoted dollars per share. Prices are oa a basis of LOO-share of stocks which sell only in a small way. NOTICE—Cash and deferred delivery sales are disregarded in the month's range, unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. AGGREGATE SALES In 12 January PRICES IN JANUARY """400 500 2,100 "21,200 18,500 3,000 1,800 1,300 20,300 1,500 10,800 600 15,300 31,000 1,200 31,300 10 Addressograph Multigraph Air Reduction Inc * 672,500 Allied Stores Corp 5% preferred 25.300 ... 556,400 Allis-Cnalmers Mfg 41,300 Alpha Portland Cement 100,000 Amalgam Leather Cos. Inc 6% cum preferred 9.900 700 740 * 316.300 Alaska Juneau Gold Min—10 190 Albany & Susquehanna RR_100 ...372,700 Allegheny-<3orp—— Pref series A $30 warr'ts.100 410,800 Pref series A $40 warr'ts.100 69,100 Pref series A $30 ex-war. 100 64,900 $2.50 prior conv pref 48,550 428.300 Alleghany Ludl'm Steel Corp 41,600 Allen Industries Inc 158,700 Allied Chem & Dye * 5 26,300 Allied Kid Co 127,800 Allied Mills Co Inc——— * 2,900 2,600 3,400 4,300 36,700 7,700 25 Adams Mil lis , 93,200 Amerada Corp 34,900 Am Agric Chemical (Del) 185,900 American Airlines inc 144,300 American Bank Note 6% preferred 8.690 * 100 * * 1 50 * * .....50 b American Bosch 180 17,000 1,200 15,500 2,200 11,000 228,020 American Can.....—......25 Preferred ......100 16,900 420,400 Amer Car & Foundry.——...* Preferred ...100 72,800 * 269,410 American Chain & Cable... Tiro " 16*55 4,300 4,900 200 3,600 500 11,400 17,600 7,200 13,400 68,000 9,800 1,300 8,000 20,500 5,400 8,300 112,300 5% conv preferred 100 3,100 * 23,900 American Chicle.—.——— 510 Am Coal Co of AUeg Co N J.25 10 71,300 American Colortype 20 91,600 Am Com Alcohol 118,500 Amer Crystal Sugar Co..... 10 6% 1st preferred —.100 5,450 ..1 160,600 Amer Encaustic Tiling .* 5,400 Am European Securities ...* 218,800 Am & Foreign Power $7 preferred * 218,000 2d preferred A * 106,500 $6 preferred. 120,600 —.* 143.200 Am Hawaiian Steamship.... 10 371,600 American Hide & Leather... 1 6% preferred 27,800 50 — ....1 100,900 Amer Home Products * 119.600 American Ice........ 6% preferred—..——..100 34,500 154,400 Amer lnternat Corp 5% 300 16,200 3,200 10,100 3,400 11,400 300 670 65,300 26,800 32,700 103,200 20 28,200 1,900 4,200 3,700 2,360 37,400 3,100 1,500 30 27,500 4,100 2,900 6,600 2,400 1,400 31,600 8,900 24,600 1,800 7,100 46,600 1,400 12,100 8,200 14,100 500 96,800 900 4,200 180 ....* Amer Invest Co of Illinois 500 406,600 52,500 224,000 74,100 236,000 3,000 12,490 conv pref American Metal * preferred American News Co 765,200 Amer Power & Light.. 213,800 299,300 —100 ....* * * $6 preferred.—....—... $5 preferred .* 1,844,300 Am Radiator & Stand San—* Preferred ...100 1,920 American Rolling Mill 769,100 56,900 73,900 58,900 41,250 696,300 26.300 23,600 1.400 ...25 4*4% conv preferred....100 Amer Safety Razor.. .18.50 American Seating Co—._...* American Ship Building.. * Amer Smelt & Refining * 746,900 135,700 27,400 110,400 32,800 20,100 515,800 90,100 227,700 21,300 173,300 J,255,300 9,500 399,800 187,300 507,100 5,500 2,926,800 20,200 Amer Steel Foundries.. ..* American Stores...—.......* — Preferred American Snuff .........100 .........25 6% preferred.—.....100 —tH'iSale 50 18*4 . 5654 Sale 13 62 18 Sale 69*4 Sale 22% Sale Jan. Jan. Jan. Jan. 20 19*4 Jan. 31 58*4 Jan. 54 J»«. *4 Jan. 1054 Jan. 31 19 Sale Sale Sale 56 60 7*4 7*4 51% Sale 130 132 LOO *4 Sale 17354 176% Sale pr Sale Sale 854 1554 16 55*4 Sale 20*4 Sale Sale 1054 49*4 Sale 4954 20 4554 10*4 4654 Sale 6 44*4 Sale Apr. 1454 Jan. 25 16 Jan. 9 254 Jan. 16*4 Jan. 56*4 Jan. 24 Sale 15*4 Sale o20,H Sale Sale 47*4 Sale 6 38*4 Sale Sale 52 23*4 Sale Sale 6 Sale 31 Sale 45% Sale 1*4 1*4 14*4 15 7*4 Sale 42 43*4 20*4 Sale 106*4 113*4 108*4 113*4 133 130 135*4 Sale 15 9*4 15 1054 Sale 6*4 6*4 VA Sale 6*4 12*4 Sale 1054 81*4 Sale 82*4 Sale 2*4 5*4 154 22*4 55 19* 5% 36 Sale 33 60 Sale 58 2*4 2*4 23*4 24*4 6*4 Sale Sale Sale Sale Sale 39*4 40 116*4 122 15*4 4% x26 6% Sale 5054 57 ■ Sale 14*4 Sale 3*4 Sale 24*4 Sale 120 115 24 25 6 1*4 Sale Sale Sale Sale 3454 28*4 5*4 21*4 Sale 86 Sale Sale 40 *4 30 79 % ■f* Sale 30 VA Sale a 5*4 Sale 52*4 Sale 4*4 Sale Sale 45 24 54 4754 Sale 10*4 Sale 160 22 54 71 15 20 32) 52: Sale Sale 73 Sale Sale Sale Sale 133*4 Sale 60 150 Sale Sale 18*4 18*4 85*4 Sale 88*4 Sale 146*4 148 8 14 77*4 Sale Sale Sale 82 Sale 40 Sale Sale 25 38 35*4 Sale 52 65 1954 Sale 112 113*4 57 151 155 3*4 Sale 5454 9*4 158 16*4 Sale 15 68 64*4 1154 70 11*4 Sale 10*4 1054 31*4 Sale Sale Sale 162 Sale 66 12 9*4 30 Sale 4754 Sale 139*4 144 145*4 67*4 69*4 68*4 146*4 150 14754 Sale Sale 51 3254 Sale 12*4 12*4 Sale 16 19*4 Sale 70 46 Jan. 22 50 5*4 Jan. 3854 Jan. 130*4 Jan. 13 2654 Sale 12*4 Sale 16*4 Sale 20 Sale 89*4 Sale 15 14*4 171*4 Sale 85*4 Sale 17054 15 87 Sale 87 89 149 Sale 149 15*4 Sale Sale Sale 16 26 see page 40. 18*4 Sept. 26 3 6*4 Jan. 4554 Jan. 3 22 Jan. 5 132 16 116*4 Jan. 12 176*4 Jan. 22 32*4 Jan. 16 2 2 3 Jan. 31 3 8*4 Jan. 5 Jan t2 *4 Jan. 2 Jan Jan IS Jan. 3*4 Jan. 16 154 22*4 5*4 1954 28*4 Jan Jan Jan Jan. 27 Jan. 31 Jan. ~ Jan. Jan. Jan. Jan. Jan. Jan. 6*4 Jan. 5*4 254 28*4 7*4 24*4 3554 5 Jan. 35 Jan. 12 37 Jan. /56*4 Jan. 254 Jan. 24*4 Jan. 5*4 Jan. 40*4 Jan. 13 71 4854 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3 9 8 8 4 8 8 3 2 2 Jan. Sept. Aug. Sept. July Oct. Jan. 4 Feb. 3 2254 Jan. 16 2354 3*4 52*4 43 54 9*4 Jan. 3 4 3 Jan. 9 Jan. 30 25 Jan. 3 Jan. Jan. Jan. Jan. 27 5*4 Jan. 63*4 Jan. 5 27 27 54 Sept.12 Sept. 6 Sept. 112 3051 79*1 1554 Sept.21 Feb. 6 8 28 Nov. 24 16 1054 Jan. 3 9 34 Jan. 4 52*4 Jan. '9 146*4 Jan. 11 69*4 Jan. 18 150*4 Jan. 3 25*4 35*4 127*4 59*4 140 Nov. 24 Oct. Jan. 14*4 Jan. 16754 Jan. 85 Jan. 8654 Jan. 97 Sale 4lH 3 r- Sale 4154 Sale 554 10*4 95 754 39 30*4 Sale 26% Sale 26*4 37 36 39*4 35 36 20*4 21*4 20*4 20*4 20*4 113*4 11454 112*4 Sale 112*4 11*4 23 70 Jan. 5 50 2 12 Jan. 29 2 3354 Jan. 13*4 Jan. 17*4 Jfya. 21 4 22 99 30 9*4 47*4 7*4 43*4 31*4 38*4 2 Jan. 22 Jan. 19 11 5 31 11 8854 Jan. 2 90*4 Jan. 6 150*4 Jan. 12 5*4 Jan. 31 1254 Jan. 30 3 8 Jan. 2 30 19 30 22 8954 Jan. 3 16*4 Jan. 15 17254 Jan. Jan. Jan. Jan. 8*4 8 Jan. 22 Jan. 15 Jan. 17 Jan. 23 81 4 3 26*4 12*4 21554 1854 5 11 11 24 3 4 Jan. 9 Jan. Jan. Jan. Jan. Jan. Jan. 21*4 Jan. 3 31 114 Jan. 5 Mar. 20 8 Jan. Jan. 5 3 5 3 17*4 Jan. Jan. Jan. Jan. 30 68 Jan. 21*4 Sept. 354 Apr. 32 Apr. 18 143*4 Jan. Jan. Jan. Oct. 22 Jan. Jan. 5 Dec. 30 Aug. 4 Aug. 4 Sept. 12 Aug. Aug. Apr. 2*4 Apr. 2254 Dec. 30 46 1054 Jan. 8 155 5 Nov. 20 13 11*4 Jan. 9*4 Jan. 15 20 Nov. 20 Jan. Apr. Sept. Sept. June Apr. Dec. Sept. Aug. Apr. Sept. Apr. 155 Jan. 14 *4 Jan. 64*4 Jan. 4 Sept. 19 23 4 120 Jan. 9 Sept. 13 Sept. 8 Sept. 28 Jan. 11 119 5 Jan. 41 14*4 Jan. 354 Jan. 2454 Jan. 18 Feb. 24 n: 12*4 Apr. 5 Apr. : Apr. : 12 Apr. 2*4 Mar.l 2554 Apr. 4154 Apr. : 154 Jan. 1 14*4 Jan. I 354 Sept. 60 19 Aug. 14 Sept. 26 Dec. 10 15 24 6 23 12 25 Mar. 254 Sept. 454 May : 1*4 Dec. 31 18 6 4 22 14 Oct. Aug. : 5*4 Sept. 6*4 Apr. 31 Jan. 29 3 Oct. 5 1854 Jan. 4 18 24 9 3 Dec. 29 Jan. Jan. Sept. 16*4 Aug. : 30*4 Aug. : 13*4 Apr. 100 May 109*4 Apr. : Jan. 13*4 Jan. 254 Jan. 51 3 27 4 23 11 11 8 3 22 5 5 6 Sept. 11 Sept. 13 150 61 Sept. Jan. Oct. Sept. Sept. Sept Jan. Aug. Jan. Sept. Sept. 3*4 Aug. 3154 Apr. 125 Apr. 83*4 Apr. 60*4 3*4 2954 654 40*4 52*4 2254 95 42 29 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 754 5154 Jan. 23*4 Jan. 3 12 Sept. 27 14*4 15*4 1154 954 Sept. 46*4 Dec. 9 5 18 23*4 8 28*4 11*4 200*4 June : Jan. 4 7 Jan. Sale 4 26 Jan Jan 5 8 Jan. 136 6*4 654 10*4 81*4 2*4 148 39 21 30 Sale Sale 50 4954 Jan. 11*4 Jan. 2 20&4 Jan 5*4 Sale 10*4 Sale 9*4 45*4 Sale 3 9*4 6 12 22 5*4 Sale 11*4 Sale 97 Sale 9 10 18 Jan 43 2 3 68 Apr. Apr. : 149 Sale 81 31 53 23*4 25 25 19 Jan. Jan. Jan. Jan. Sale 3 Sale Jan. 14*4 Jan. 954 Jan. 11 Sale 120 Jan. 14 15 Mar. 27*4 Jan. June 29 654 151*4 10 15 112*4 Jan. 17454 Jan. 24*4 Jan. Jan. 30 179 Jan. Sale 115 23 Jan. 13*4 2*4 23 Sale 35*4 Sale 18 % Sale 39 *4 2 15 14*4 5354 1954 4154 1054 53 8 25 1254 Apr. 1*4 June 12 Aug. 1454 Sale Sale 14 54*4 115 6*4 654 20*4 Sale 28*4 Sale 5*4 Sale Jan. Aug. 24 Sept. 1 28 131 25 8 9 09 Sale Jan. 4 50 9 Jan. Jan. Sale 14% Sale 14*4 Sale 12*4 16*4 22*4 1054 8 3 68 Sale 6 Jan. 41*4 Jan. 138 Sale J an. Jan. Jan. 1*4 Jan. 22 11354 2 1454 12 7 31 Sale 175 3 30 31 9 2 5 5 Sept. 27 1*4 Sept. 13 10: .Jan. 3 Dec. 5 Apr:T2 130 2 July Sept. 27 Aug. 24 20*4 Sept. 27 Apr. Apr. Apr. Apr. Apr. Apr. Apr. 131 454 9 Sept. Sept. 8 Apr. 4 Jan. 30 Dec. 27 18 54 ----- 19 15*4 45*4 54 6*4 117 54 554 4*4 4*4 19 Sale 115 Jan. 9*4 Jan. 34% [22% Sale 17% 7% 8 10*4 Sale 10*1 Sale 60% 67% 4% Sale 6% 9 3% Sale 19% Sale 9 1354 Jan. 18*4 Jan. 9*1 Jan. 171*4 Jan, 12*4 Jan. 13*4 Jan. 7*4 Jan. 6354 Jan. 3554 Jan. 175 178*4 170 31*4 Sale 25*4 Sale 112 48*4 Jan. 9*4 20*4 Sale 10 10 10*4 9*4 176*4 Sale 17254 Sale 13 12 13*4 Sale Sale 14 14*4 Sale 8*4 Sale 8*4 Sale 67 66 6854 15 27 15*4 14 Sale 46 "l7% Sale" 150 $6.50 conv preferred....—* 17*4 50*4 54 6*4 14*4 2*4 14*4 5354 Amer Telep & Teleg—_....100 $5 prior conv pref.... 2154 Jan. 15*4 Sale 2*4 Sale American Tobacco 25 Class B.................25 $6 1st preferred.—....... 16 Sale 2% Sale 19 *4 Sale American Woolen—.—.—_* Preferred.....— .100 Amer Zinc, Lead &iSmelt—1 Jan. 3554 91% 6 % preferred 100 American Type Founders....* 31 21 4054 Sale 22*4 Am Wat Wks & El.....—...* 45*4 Jan. 754 Jan. Sale Sale ..... Sale Sale 12 Sale 61 47 % 120 128:. Sale 11*4 14*4 21*4 53 Apr. 11 71*4 Sept 19 Apr. 10 149*4 Sept. 30 33*4 Apr. 8 49*4 Nov. 29 31*4 Mar. 31 56*4 Oct. 26 11*4 Sept. 12 6*4 Aug. 24 2 144*4 Jan. Sale 6*4 Bale n Sale Sale Sale 18*4 Sale 27 *4 Sale 10 % Sale 193 Sale 12 12*4 12 54 Sale 1154 Sale Sale Prices 7*4 21*4 1854 50*4 Sale ~"r" Jan. Highest Sale Prices 45*4 1 54 6*4 144 Lowest Sale Prices 70 Jan. 3 3 11 3 2 5 10 140 1054 Jan. 4 Sept.13 Sept.12 Nov. 24 Aug. July 7 6 Jan. 4 July 26 Oct. 9 Sept. 5 Sept. 11 Jan. Apr. Apr. 75*4 Oct. 73 4 Dec. 21 Jan. 148 19 Jan. 16 May 26 Sept. Jan. 4*4 Sept. 8*4 Apr. 78 Apr. 354 Apr. 2854 Apr. 4 Aug. 24 Apr. 2054 Apr. 35 Apr. 13*4 Apr. Ill 5 Sept. 27 Mar. 1 Jan. 3 20*4 Aug. 8*4 Apr. 9 Apr. 15*4 Apr. 75*4 Mar. 13*4 Dec. 132 4 Jan. Jan. 5 Jan. 20 Aug. 8 Sept.21 Sept. 16 Sept. 5 Sept.12 Aug. 5 4 3 June 3 Sept. Jan. Jan. I For footnotes 1939 Highest Sale Prices 68 Jan. 15 46 Sale 14 % ..._* Preferred ...100 Amer Sumatra Tobacco.—...* 41*4 8*4 Sale 2154 22*4 12 *4 12 % Sugar Refining.. 100 Anaconda Copper —..50 Anaconda Wire & Cable.....* 215,000 Anchor Hocking Glass Corp * 5,300 48 142 48 140 40*4 Sale 9*4 Sale 14*4 American Stove Co American Sale Salb Sale 147 4254 Sale Lowest Ask Sale 50 ..100 Am Mach & Foundry ....* Amer Machine & Metals....* conv 68*4 144 130 45 45 Sale 20 % * Amer Locomotive.. Preferred 6% 58*4 118*4 35*4 42*4 10*4 20*4 26 % 65 1*4 9*4 Jan. 31 Ask Bid Sale 69*4 Sale Bid Ask .10 .....10 Corp.—...1 * 136,700 Am Brake Shoe & Fdy 5*4% conv preferred....100 3,320 2,500 7,200 Bid 57 * 41.300 Air-Way Elec Appli Corp... 800 "Juoo * —.100 75,900 Acme Steel Co Adams Express 265,100 16,800 57,100 279,700 11,900 .12,300 Par 56,900 Abott Laboratories.. 2,540 4*4 conv preferred 1,402 Abraham & Straus 100 YEAR 1939 Jan. 2 Shares 4,400 RANGE FOR Jan. 3 N. y. STOCK EXCHANGE 1939 Shares Price STOCKS Months N. Y. STOCK EXCHANGE-STOCKS 32 aggregate SALES 1939 1,700 2,000 43,100 5,900 14,800 13,300 29.900 25,200 866.800 49.400 100 20,800 I,700 2,700 207,100 51,400 128,600 220 10 Andes Copper Mining APW Paper Co Inc Archer Daniels Midland 700 2,900 500 490 53,600 5,700 10,100 I,300 2,500 22,600 201,00 5,100 1,600 400 130 85,800 31 Jan. Jan. 29 4 54 60 Jan. Jan. 4 37% Sale 10% 10% 9X 9% 96 X 101% 8 8% 75 77% 77 X 78% 39% 36% 40 Sale Jan. Sale 95 Jan. Sale 24 % Sale 99% Sale 23% Sale Sale 50% Sale Sale Jan. Sale 100 42 * 19,600 Atlas Powder 4,590 5% preferred 100 * 15,700 Atlas Tack Corp. 67.800 tAuburn Automobile * 19,200 Austin, Nichols & Co * Tirlfir A ^ 3,590 1,853,500 Aviation Corp"(Del) The! 11113 190 Jan. 23 4 1,497,000 Baldwin Loco Wks vt tr ctfs_13 690,700 ^Baltimore & Ohio 100 211,400 4% preferred. 100 44,100 Bangor & Aroostook 50 5% conv preferred. 100 1,870 -5,280 10 4,400 JM Barber Asphalt Corp— .,* 27,000 Barker Bros 1700 350 4,010 5% % preferred 50 468,700 Barnsdall Oil Co 18,500 163,200 Bayuk Cigar Inc * 12,700 10 1st preferred 1,300 100 25 53,400 Beatrice Creamery 10,300 100 3,100 $5 preferred with warr * 590 Beech Creek RR Co 50 20 ,_20 10,700 Beech-Nut Packing lilOO 53,700 Belding-Hemin way * 2,300 1,600 Belgian National Rys part pref 5 83,200 1,522,300 Bendix Aviation Corp 123,700 Beneficial Indus Loan Corp..* 12,600 Prior pref $2.50 div ser '38.* 800 27.100 * 52,200 Best & Co 2,500 108,700 2,936.300 Bethlehem Steel Corp (Del)--* 98,400 15% preferred 20 31,500 71.300 7% preferred 100 12,700 58.100 Bigelow-Sanford Carpet Inc..* 9,300 * 63,700 Black & Decker Mfg Co 4,400 * 324,400 Blaw-Knox 16,800 6,700 Bliss & Laughling Inc 5 2,300 200 * 2.670 Bloomingdale Bros 860 Blumenthal & Co pref-...-100 330 899,000 Boeing Airplane Co * 70,500 5 56,700 Bohn Alum & Brass Corp 4,500 * 6,730 Bon Ami class A 1,070 Class B. * 11.630 1,020 50,600 26,400 7,300 5,800 11 Sale 52 Sale 77 Sale 71% 38% Sale 16* Sale Sale 18 22% Sale 111 8% Sale 108 43 66 h 44 Sale 126 6% 4 "~6 % 3% Sale 29 Sale 20% 108 X 8X ±7% 63 X 123X 6X 2% 109* 4,100 33,000 40,600 2,500 5,800 5,700 19,100 24,100 1,100 2,700 8,700 12,400 8.300 110,700 14,600 18,100 17,600 200 17,300 12,300 430 20,600 1,460 13,900 3.200 3,600 52,300 17,000 8,600 680 . 6,000 1,300 6,800 6,300 880 2,100 13,800 200 18,800 II,500 9,100 55,500 50 52,800 1,600 1,600 650 140 2,000 4,300 4,600 1,000 II,100 46,900 4,500 13,800 90 4,500 7,900 470 1,300 1,300 400 20 59,000 531,300 566,900 32.300 65,000 Borg-Warner Corp 10 100 * Bucyrus-Erie Co 7% preferred Budd (E G) Mfg Preferred 7% .--100 —. Budd Wheel - Bui ova Watch — * * * Burlington Mills Corp Burroughs Add Mach_. 1 * Bush Term Co 1 131,200 Butler Brothers 26,800 5% conv preferred... Butte Copper & Zinc. Byers Co.. Partic preferred Byron Jackson Co Calif Packing Corp 5% preferred Sale Sale 18% Sale 96 99 X 29 X Sale 28% 123 7% 72 % 29 h 19 X Sale 75 Sale Sale 55 Sale 78 h 17 X 113 Sale Sale Sale 25 Sale 21X 16 X Sale Sale 24 % 46 X Sale Sale 13% Sale Sale Sale 27 6% 15 % 31% 39 X Sale Sale Sale Sale 43 Sale IX 9X 2% Sale "till Sale" 40 X Sale *17% Sale" 31X 13 X 11X 95 Sale Sale Sale 96 7% Sale 51X Sale 5X Sale 28 % Sale 32% Sale 14 X Sale 18^a Sale 2X Sale 90 Jan. 9 100 Jan. 23 3 21 Sept. 1 15 15 Jan. 29 Jan. Jan. 3 Jan. 15 Jan. 123% 6% Jan. 18 Jan. 10 Jan. 29 Jan. 15 Sale Sale Jan. 11 Jan. 4 Sale Jan. 31 Jan. Sale Jan. 27 Jan. Jan. 15 Jan. 109 % 109% 110 Sale Sale Jan. 12 Jan. Jan. 12 Jan. Sale Jan. 2 Jan. 65% Sale Jan, 14 Sale 50 65 aly* I* Sale Jan. 4 2 19 Jan. 26 16 Jan. 15 Jan. 2 3% Aug. 24 Sale 14% Jan. 18 Jan. 3 Sale 5% Jan. 22 Jan. 2 Janjj 3 Aug. 24 Aug. 24 Sept. 1 Dec. 13 14% 5% 6% 12% .46X 7 Sale 6% Jan. 12% Jan. 22 18 Sale 45 26 im. 10^ 39 Sale 71* I* 100 Sale Sale m Jan. 23 Jan. Dec. 19 15 Jan. Dec. 8 4 Jan. 5 Jan. 11 16 Jan. 6% Sale 17 15 Jan. Sale Jan. Jan. Jna. Jan. Jan. Jan. Jan. Jan. Sale IV* 52 Sale 39 6 15 Jan. 39% Sale 3 Sept. 1 Sept. 14 5 Jan. Jan. Jan. Jan. 3 19 29 65 23 _ Jan. 10% 19% 38% 51% 1% 12% 12% 13% Sale Jan. Jan. 23% Jan. Jan. aVA Sale Apr. 18 Aug. 24 30 Jan. Jan. 22% Sale 23% Sale Jan. 12 Jan. Sale 10% Sale Jan. 25% 2% Jan. 35% Jan. 8 6% 12% 22% 39% 6 53 3 4 4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 49 Jan. 3 48 Jan. 15 Sale 22 Jan. 15 38 Sale 35 37 35 Jan. 15 21% Jan. 15 15 10 Jan. 15 104 Jan. Sale 103 Sale 22% 9% 102% 5% 40% 5% Sale Sale Sale 104 Sale Sale Sale Sale 29% 19 £ Sale 11 Sale 3xs Sale 12% 8% 101% 5% 39% 4% 6% 21% 3% 22% Sale Sale 23% 51 Sale 51 Sale _ 52% Sale Sale Sale 6% Sale 15% Sale 17% Sale 36% Sale Sale' Sale 19* 39 5 37% 6% 38% 40 25% 87% 23% Sale 74% Sale Sale 29% Sale Sale 10% Sale 65 61% 23% Sale 3% Sale 4% 9 Sale 5 102 42 Sale 67 IV* 62 22% ulli 4% 30 23% Jan. 31% Jan. 15 2 21% Jan. 12% Jan. 28% 19% 11% *3% Jan. Jan. Jan. Jan. Jan. 19 Jan. 30 Jan. Jan. Jan. 3 29 Jan. 24 Jan. 13 18 2 19 22 51 Jan. 1% 6% 13% 16% Jan. Jan. Jan. Jan. 23 93% Jan. 12 15 18 15 2 5* 5% Jan. 38% Jan. 13 15 ■ 4 52 Jan. 1% Jan. 7% Jan. 16% 19% 39% 5% 40% 5% 40% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale Sale Sale 64 22% m Sale 5 a 93% Sale 11 88 Jan. Jan. 18 27 Jan. 2% Jan. 24% 24 86% Jan. 23 66 112% 50% 26% 107% 9% 62 Jan. 30 Jan. Jan. 30 Jan. Jan. Jan. 31 18 3% Jan. 75 Jan. 56% Jan. 30% Jan. Jan. Jan. 12 114% 22 11% 12 62 21% Jan. 2% Jan. 22 23% Jan. 3% Jan. 22 4% Jan. 7 Jan. 29 5% Jan. 93% Jan. 31 10 i I I 9 8 8 4 1 9% 73% 33% 22% 56 57% .00 18% .20% 32% 24% Oct. 26 4 28 11 Jan. 5% Jan. 94% Jan. 40. I 27 3 3 28 28 6 3 3 27 27 7% Feb. 27 15% Jan. 4 31% Jan. 5 41 Aug. 2 53 Aug. 2 2 14% 13% 15% 50% 50 30% 3 Oct. 25 Jan. 25 Oct. 27 Dec. 5 Dec. 13 Mar. 11 Sept. 11 Sept. 13 Sept. 25 Sept. 26 17% Jan. 36% Oct. 23% Mar. 57 Dec. 34% Jan. 28% Jan. .21% Dec. 63% Dec. 24 Dec. 22 Aug. 32 Jan. 4% Sept. 34% Oct. 41 I Mar. 31 20 Apr. 10 i Apr. 11 23 i i June Apr. \ Apr. ; Aug. ; Apr. I Mar. ! Feb. i Aug, i Apr. Apr. I Dec, | Sept. i Sept. 1 May July Apr. 1 Apr. t July ; Aug. Apr. Jan. 20 Dec. Dec. Dec. Dec. Dec. Aug. Sept. Nov. Jan. Aug. 13 8 13 13 13 3 14 18 6 22 29 11 11 24 10 9 6 Sept. 11 Jan. Mar. Oct. I I I ; i I ' 3 0 Sept. 13 Nov. 2 84rs Nov. 4 17% 5 16 Jan. Sept,12 53 July 7 3% Sept. 6 10% Sept. 5 30 1 15 24 11 11 27 47 1 6% 1 41% 19 8 10 x43 20 85% ffl 1 33 7 24 4 Jan. 4 Jan. 18 Jan. 12 3 Jan. Sept. 11 Sept.11 Sept. 15 July 17 Sept. 12 Sept. 6 94% Mar. 9 11 122% Mar. 3 1 64% Sept. 27 10 30% Dec. 20 ; Apr. \ Apr. Apr. 14 109% Aug. ; Aug. 24 19 Jan. Jan. 2 113% Jan. 15 5% Jan. Jan. I 1*8% Jan. Jan. 112 1 9 32 Nov. .28% Aug. 8 25% 8 13% 11 106% 8 Jan. 4 8 11 55% Jan. 4 8 6% Nov. 6 24 30 Jan. 5 10 34% Mar. 9 10 20% Dec. 29 June 30 18% Jan. 3 Apr. 10 7% Sept. 11 4% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 5 4 .07% Nov. Nov. 15 5% Jan. 12% 7% 21% 4% 13% 81% 15% 26% 12 0 19% Jan. 4 26% Nov. 17 15% Nov. 13 28 July 24 Apr. Apr. Apr. Apr. Apr. Apr. Aug. Apr. Apr. 19 12 6 21 7 12 11 11 30% Jan. 4 87% Jan. 11 21% Jan; 5 13 Jan. 5 • 33 Feb. 28 Apr. 10 6% Jan. 4% Jan. Sale 89 Apr. Apr. Jan. 44% Jan. Jan. 6 24 10 12 14 1 Nov. 15 Jan. 30 18 20 23% Jan. Apr. Jan. 30 38% Jan. 112% Sale 50% Sale 26% Sale 114 30 38% 2% Sale 5 J* Sale Jan. Jan. Jan. Jan. Jan. 2 30 12 Sept. Aug. Apr. Apr. Apr. Apr. Jan. Jan. Jan. Jan. Sale 49% Sale 24 Apr. 11 Apr. 8 Apr. 10 Jan. 5 15 23 23 Sale >S8 10 11 10 8 10 31 Jan. 24 £ 92 18 30 17 Sale Sale Sale 92 10 Apr. Apr. Apr. Apr. Apr. Sale Sale 5 207m Jan. 65 Sale 112 10 Jan. 14 70 Sale June 30 Sale 14% Sale 3 13% 15% 54% 54% Sale Sale 11! 7% Sale 20% 20% 54 83% Jan. 15 23% 28 109 22 Jan. 71 95 3 Jan. Jan. 14 Sale 2 15 Jan. 64 2 9 Jan. Jan. 70 Sale Nov. Jan, 23 32 10 10 12 13 Apr. 11 Apr. 11 Apr. 6 Sept. 5 75% 25% 12 24% 11 123% Sale 118% 3 15 32% Jan. 22% Jan. 56% Jan. Jan. 39 77 Sale 15% 117% Apr. 10 15 1% 15% 14% 16% 54% 54% 25% 35% 24% « 19% Sale 11% Sale 4% Sale 73 27 Jan. Apr. Apr. Sept. Sept. 10 5 Jan. 81 Sale 24 Jan. Jan. 12 127 15 9% Jan. Jan. 22 22 21 84% 23% 25 Jan. Jan. Jan. 19% 15% 15 * 29% Jan. 10 109% Jan. 15 30% Jan. Jan. 16 24 Sale Oct. Jan. 19% Sale 12% Sale Sal 5 5 80 5 1 100 100 Caterpillar Tractor * Celanese Corp. of America * 7% prior preferred 100 Oelotex Corp * 5% preferred 100 Central Aguirre Associates * Central Foundry Co 1 Central 111 Lt 4%% pref—.100 ^Central RR of N J— 100 Central Violeta Sugar Co Century Ribbon Mills... * 4 Jan. 5 114 26 26 Sale Co 15 Jan. Jan. 22% si74 44* 3|M Jan. Jan. Sale 50 Sale 4 34 Sale 7* 16 13% Jan. 27% Jan. 5 40% 5% 31 27% Jan. 2 121 119% 1% 12% 12% 14% 49% 48% 23% 35% 21% 9% 5 19 Jan. v 6 6% 11% Sale 22% Sale 23 Jan. ' 8 Jan. 9 June 21% Sept. 27 8% Jan. 5 11% Sept. 27 Jan. Jan. Jan. 18K 23% 21% Sale 25% Sale 2% 2% 33% Sale Dec. 4 Mar. 9 Jan. 3 Sept. 11 Sept. 11 Oct. 2 9% Nov. Augr24 Apr. 8 Apr. 11 Aug. 24 Apr. 10 Sale 19% Sale 5 3 Sale Sale 22% Jan. Jan.—4 0 1 30% Jan. 15% Jan. 8% Jan. 116% Sale 10% Sale 15 17% 50 56% 22% Sale 23% Sale Jan. .f 13%^ Jann 21 Sale Apr. 13 Nov. 30 25 Jan. 21* 15% K 9 Sale Sale 4% Apr. 10 1% July 10 Jan. 32 38 52 June June July Aug. Sept. 127 Jan. 8 Sept. 5% Sept. 3% Jan. June 15 116 16% 6% Sale 2% 30% Sale 64 Dec. 21 Jan. 3 Oct. 26 Oct. 24 42% Jan. 123 % 122 6 ?9* Sale Sale For footnotes see page 31 Jan. * * 50 1 Preferred 16 Jan. 100 55,400 Carriers & General Corp 88,900 Case (J I) Co 9,290 7% preferred 520 Jan. 12 3 22 f$ 33 X 89,900 12,600 23 Jan. 12 Sale Sale * 38,600 Cannon Mills 22,000 Capital Admin Co Ltd cl A__l 1.450 $3 preferred class A 10 2,840 Car ClinchfieldA Ohio Ry__100 38,100 Jan. 30 5 * 17 X Sale 305,700 935,600 24,900 336,000 3,320 114,100 237,700 3,860 73 Sale 70 Sale Campbell W & C Foundry * Canada Dry Ginger Ale 5 560 Canada Southern Ry Co 100 25 954,200 Canadian Pacific Steel 11 Sale Calumet & Hecla Cons Copper 5 37.200 Carpenter 11 Jan. 10 51 Sale Zinc-Lead-., Jan. 12 9% 6% 20% 4 3% 11% 70 Sale Callahan 12 9 14% Sale Sale Jan. Jan. 9ft 27 27% 27% Sale 107% 108% 108% 109% 109% 30 31 30 30% 126 Sale 124 123% 125 9 9% 9% Sale 9% 61% 63% 66% 63% 31% Sale 30% Sale 21% Sale 22% Sale 56% 56% Sale 38% 38% 39% Sale 80% Sale 18 65 Jan. 7% 7% 7% 29 27 28% 27% 12 12% Sale 12% Sale 26% Sale 26% Sale 25% 113% 114% 114 114% 114 115 0 6 4 58 Jan. 4 13 Mar. 15 10% Oct. 27 8% Sept. Sept. 60 Mar. 31 Jan. 26 23 5 Bearing Co JBush Terminal BIdgs— 11,490 Depos. ctfs. 7% pref....100 193,500 187,500 15,020 52,100 144,700 3,200 867,600 429,800 121,500 628,400 20% 114 100 Boston & Maine Bullard Co 34 Sale 15 5 Borden Co (The) 116.400 a Brewing Corp of America__3 457,100 Bridgeport Brass Co * 769.300 Briggs Manufacturing * 12,800 Briggs & Stratton * 54,510 Bristol-Myers Co 5 69,400 Brooklyn & Queens Transit..* $6 preferred 92.200 * 4,500 $6 pref ctertifs of deposit..* 517.500 Bklyn-Manhattan Transit * 131,800 $6 preferred series A * Certificates of deposit 13.750 * 433.600 Brooklyn Union Gas... * * 6,200 Brown Shoe, Inc * 233,100 B runs wick-Balke-C oil. 333,200 3,860 632.200 29,690 263,400 12,400 104,300 280,100 298,600 304,000 Sale 1 Bond Stores Inc Bower Roller 12% 88 14% 8% Aug. 24 Apr. 11 78 4 21 Sale Sale May 97 3% 33% .50 31% Sept. Sale 4 Jan. Jan. Sale . ~ Dec. 30 Sept. 11 Dec. 26 100 38 X Sale 5% Sale 7% Sale 13% Sale 52 4 37 9 106 92 76 11 Jan. 12 Sale Sale Sale 90 21 11 21 J* Jan. 15 Jan. 6 8% Apr. 11 1% Apr. 21 Apr. Sept. 6 7% Sept. 5 5% Apr. 11 73 Jan. 23 100 5% Apr. 11 10% 70 Jan. 5 78% 41 Apr. 8 81 30 38 Apr. 11 15 Jan. 10% 8% 10% 8% 20 163* 7X Sale Sale Highest Sale Prices x49% Dec. 28 71 15 Apr. 8 30% 5% Aug. 23 26% 3 9% Aug. 24 26 4 18% Sept. 1 24% 5 25 104% Apr. 12 110% 7 Apr. 11 9% 6 43% Apr. 8 48% 31 50 71 Aug. 23 31 Sale 17* Sale 85% 5X 58 2 32 8% Sale 10 29 % 19 23 Sale 50 3 Jna. Jan. 94 6% preferred 3 Jan. Jan. 57% fo* ifH Sale Jan. 26 Jan. 52% 34% 100 * Jan. Jan. Sale 100 100 3 Sale Prices t Sale 65 Sale 10% 12 88 Lowest Sale Prices Highest Prices Jan. 27 49 106% Sale 5% Sale 47 X Sale 102 Sale 65 Sale i 12 2 Sale 75 13 X Sale 32 Sale 6 8 % Ask Ask Bid Bid 12X 3% Sale 47 56 31.120 1,200 11,100 Sale 5 51,700 5% preferred 100 25 271.600 Atlantic Refining 11,900 4% conv pref series A—100 338,100 Atlas Corp 5 400 Ask $6 convertible prior pref— * 7% preferred—100 Armstrong Cork Co * Arnold Constable Corp 5 Artloom Corporation * 7% preferred 100 Associated Dry Goods 1 6% 1st preferred 100 7% 2d preferred. -100 Associated Investment Co—* Armour of Illinois 251.500 8.400 10,000 7,600 3,120 5% pref 942,900 Atchison Top & S Fe 78,200 5% preferred 288,300 Atlan Coast Line RR 59.900 Atl G & W I SS Lines 13,000 14% 2% 28% 101% Co—20 5 * Armour (Del) 7% preferred. 100 900 700 Bid Lowest Jan. 31 Jan. 2 Par Shares Shares 300 1939 Jan. 3 1939 January YEAR RANGE FOR PRICES IN JANUARY Price STOCKS N. Y. STOCK EXCHANGE 12 Months In 7 72 Apr. 8 30* Apr. 10 5 Sept. 25 113 June 30 12 Apr. 8 14* Apr. 11 6V June 3 96 9 4 Mar. 14 Sept. Jan. 6 3 Aug. 16 Sept. 27 Sept. 11 Oct. 13 Sept. 15 FEB., 1940] N. Y. STOCK EXCHANGE-STOCKS 33 AGGREGATE SALES In January Price STOCKS 12 Months PRICES IN JANUARY Jan. 2 1939 Par 242,300 Cerro de Pasco Copper — ♦ 301,900 Certain-Teed Products..---. 1 6% prior preferred——.100 42,560 * 11,360 Chain Belt Co Champion Paper & Fibre Co— 2,420 6% preferred 100 Common ———————* 56,000 .....5 21,000 Checker Cab Mfg 115,100 {Chesapeake Corp ———* -.-.25 826,500 Chesapeake & Ohio Preferred series A—..—-100 19,500 20,400 iChic & East 111 RR 6% pf-100 {Chicago Great Western— 4% preferred— -—-100 49,200 45,700 Chicago Mail Order Co 5 106.300 {Chic Milw St Paul & Pacific.* 5% preferred —--.100 114,200 276,400 {Chicago & North Western. 100 Preferred -.100 59,200 193,400 Chicago Pneumatic Tool—..* $3 conv preferred * 17,500 Prior pref ($2.50 cum divs) * 6,800 100 43,100 {Chicago R I & Pacific 7% preferred 100 28,100 6% preferred ——100 25,800 * 7,100 Chicago Yellow Cab 42,900 Chickasha Cotton Oil---—10 * 149,300 Childs Co 25 2,330 Chile Copper 5 3,536,900 Chrysler Corp 110,700 City Ice & Fuel-—-—--—-* 100 ---.100 330 City Investing Co ............5 33,400 City Stores Clark Equipment * 70.200 6 H preferred 28,440 Bid Ask 50 % Sale 11 % Sale 42 Sale 101% 102 M Sale 30 8% 10 23% Sale 38% Sale 87 89% 3% 3% 3% Bid 38 Jan. 31 Ask Bid Sale 37% 6% Sale 32% Sale 19% 20% 101 103 41 95 2 2% Sale 12% Sale % Sale 1% Sale 11% Sale Sale Sale Sale Sale 18% Sale 4% 4% 39% Sale 96% 96% 2% 2% % Sale 1 % 3% 19% 36 38% 50 47 ^ % Sale % Sale % % 1% Sale 1% 1% 2 9% Sale Sale o 6<i 8% % a Sale A4 9 c Sale %9 Sale % Sale 14% Sale 33% 35% 46% 49 % 13 1 13% 33% 34 47% 50 % % % Sale o¥> A8 13% 13% Sale Sale 11% Sale 5% Sale 8% 9 11% Sale 4% Sale 33 31 31 83 35 Sale 10 Sale M 90 36 Sale 12% Sale 78% 80 96 Sale 52 62 50 60 4% Sale 22% Sale 3% Sale 31% 32 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 37% 6% 27% 19% Jan. Jan. Jan. Jan. Jan. 105% 102 23% 23% Jan. 23 Sale 93 38 6% Sale 29% Sale 19 19% 103 25% 26 16% 17 4% Sale Lowest Ask 4% Jan. 2 39 Jan. 95 2 Jan. 6 Jan. 12 Jan. Jan. 12 1% 9% % % % % 45 7,770 CI eve Elec 111 $4.50 ser pref—* 73,100 Cleve Graphite Bronze (The).l 610 Cleve & Pitts RR Co 7% gtd.50 780 Special gtd 4% stock—-50 Climax Molybdenum Co—— * Cluett Peabody & Co —* Preferred --——-100 Coca-Cola Co (The)-—--—* 67,900 01agQ ^ 8,400 606,000 Colgate-PafmolivtKPeet Co—* 6% preferred--—--.100 14,700 * 153,200 Collins & Alkman 5% preferred— 100 4,150 Colorado Fuei & Iron Corp—* 89,200 Colorado & Southern---—-100 15,760 4% 1st preferred---.-—100 17,610 4% 2d preferred ----100 6,650 Columbia Broadcasting System Inc class A—-.2.50 190.900 Class B --..-.2.50 77,075 Columbia Gas & El —-* 2,209,800 55,000 2.340 39,000 81,500 16,900 290,500 5,400 323,100 6,900 1,299,100 1,881,900 287,200 1,558,400 45,100 144,300 12,300 1,220 622,900 28,500 1,010 5,710 262,100 1,256,820 19 580 400 29 see 4 5 8. Jan. 5 Jan. Jan. Jan. 12% Jan. 33% Jan. 2 .4. Jan. 5 Jan. 3 13 iff 8 10 8 30% Aug. 44 Aug. % June % Aug. % Aug. 7% Apr. Jan. 12 8 2 Jan. 2 29 Jan. 2 Jan. Jan. 3 9 11% Jan. 4% Jan. 26 12% Jan. 5% Jan. 3 9 16 $ 9 29 9 6 11 Sale 28% Sale 70% 77 42 SO 25% 27 31% 59% 14% Sale Sale Sale 127% Sale 60 Sale 92% 103 35% Sale 95 107 21% Sale 6% Sale 9% Sale 7% 7% 79% Jan. 12% Jan. 94% Jan. 15 15 17 91% Jan. 14% Jan. 97% Jan. *60 Jan. 30 £60 3 31 17 29 114% Jan. Sale Sale 28 Jan. Jan. 113 Jan. 3 26 26 Jan. 30 3% Jan 32% Jan. 2 -, 4 Si** 76 45% 39% Sale Sale 77% 78 Sale" Sale •35% Sale 130% 118 Sale Sale 65 Sale 18% Sale Sale Sale Sale 33% Sale Sale 110 4% 35% Jan. 35% Jan. 39% Jan. 77 19 Jan. 39% Jan. 39% Jan. 118 Jan. 61 Jan, 16% Jan. 103% Jan. 30 Jan. 2 Jan. 16 110% Jan. 17% Jan. 22 4 Jan. Jan. Jan. 8 15 23 Jan. 4 29 2 29 18 Jan. Jan. Sale 3 Jan. 19 Jan. 2 Sale 18% "19% 4% Sale 5 2 19 139% Sale 105% 62% 3 5 % J an, 77 Jan. 10 8 4% Jan. 4% Jan. 19 Jan. 3 12 "18% Sale 5 5% 19 Jan. 13 24% Jan. 24% Jan. 7% Jan. 13 3 Sale Sale 6 % preferred series A - -100 5% preferred— --—-100 Columbian Carbon v t c * 75 Sale Sale Sale 88 Jan. 2 50 65 Sale 78 82 76 Jan. 6 93% Jan. 4 15 29 Sale 9 preferred-——-* 57 Sale 7% Jan. 23% Jan. 29 Commercial Credit———..10 Jan. Jan. Jan. Jan. Jan. 31 Columbia Pictures Jan. 15 Jan. Jan. 15 Jan. Jan. 31 Jan. 106% Jan. 54 Jan. 111% Jan. 15% Jan. 1% Jan. 73% Jan. Jan. 15 32% Jan. 12 $2.75 conv Corp vtc.* 4%% conv. preferred—100 Comm'l Investment Trust—* $4.25 conv. pref ser of 1935-* Commercial Solvents.—----* Commonwealth & Southern..* ———* $6 preferred 93 Sale 88% Sale 6% 22% 19% 23% Sale 47% Sale 46% 105 106% 109% 104 Sale 51% 53% Sale 110% 112 112% 110% Sale 13% Sale 13% Sale Sale 1% Sale 64 Sale 64% Sale 32% Sale 30% 94% Sale Sale 38% 109% 11% Sale 1% Sale 16 Sale Commonwealth Edison Co..25 27% Sale Conde Nast Publications——* 7% Sale 29% Sale Congoleum-Nairn Inc..---—* Congress Cigar -— * Conn Ry & Ltg 4% % pref—100 Consol Aircraft Corp 1 Consolidated Cigar—.——.—* Sale Sale 8 9% Sale Sale 100 78 8 Sale 6 %% prior pref 100 Consol Coppermines Corp.. _-5 Consol Edison Co of N Y Inc.* 86 Sale $5 preferred-—— Continental Can——20 $4.50 preferred Sale Sale Sale Sale Sale Sale Sale Continental Insurance...-2.50 17 95 Sale Sale 93% Sale Sale Sale Sale Sale Continental Steel Corp * Corn Exch Bank Trust Co.-20 Sale Refining—-25 Preferred-.-———-100 Coty Inc —1 Coty International Corp 1 Crane Co -—---25 5% conv preferred 100 Cream of Wheat Corp (The)__2 Crosley Corp (The)-—--—* Sale Sale 176% Sale Sale Sale Sale * Sale $2.25 conv pref w w———* 40 Sale Crown Cork & Seal Preferred ex-warrants * Crown Zellerbach Corp.——5 $5 18 Sale 42% 113 7 61 23% 103 31% 7% 27% 38 37% 17 Sale 90 Sale 40% Cudahy Packing—— 50 Cuneo Press Inc Sale 6% si* 13% Sale Sale Sale pref-—100 * page 40. Sale Sale 2!PS Sale Sale 8 32% 107ff Sale P 107 1 % Jan. 3 9% Jan. 32% Jan. 18 108% Jan. 31 9% Jan. 4% Jan. 7 Jan. 1% Jan. 3% Jan. 23 9 3 Jan. 17 31 Sale 2 l\* 17* 102 Sale Sale Sale Sale 42% Sale 115% Sale 6% 40 7 Sale 4% Sale 24% Sale 28 27% 54% 54% 63% Sale 173 5 3 175 16 100% 14% 13% 1% 94% Jan. Jan. Jan. Jan. Jan. Jan. 41% Jan. aV/8 80 Sale 14 Sale 26% Sale 4 ¥ 83 48% 53 60 55 Sale Sale 3 Jan. Jan. 10 10 Jan. 10 44 8 26 Jan. 4 38 Jan. 3% Jan. 12 25 Jan. 22 54 Jan. 22 62 Jan. 174% Jan. 5 3 3 2 10 22 §!8 5% Jan. 1% Jan. 24% Jan. 4 11 16 3 22 105 15 Jan. 32% Jan. 7% Jan. 9 30% Jan. 9 40 8 2 15 i?ff Jan. Jan. Jan. 10 29 30 2 2 92* Jan. 6 22 Jan. 82% Jan. 4% Jan. 4 22 16 22 Jan. 12 13% Jan. 26% Jan. 29 3% Jan, 31 iH Jan. 6% Jan. 42 2 Jan. Jan. 2 Jan. 13 65% Jan. 30 177 Jan. 3% Jan. x79 40% Jan. 15 22% Jan. 7% Jan. 83% Jan. 15 28 11 6 2 4% Jan. 23 12 IS** 82 Jan. Jan. 12 18% Jan. 30 4% Jan. 5 16% Jan. 18 Sale Sale 6 112% Sale 111% Sale 111 Jan. Jan. 22 31 26 4 Jan. Sept.11 Feb. Apr. 6 72% Aug. 15 32% Dec. 29 6 Feb. 1 Apr. 11 Dec. 16 150 3 [Sept. 22 177 ' Sept. 5 5 %! Sept. 5 2% 16 38 Sept. 1 93 Apr. 12 110 26% Jan. 3 32% 6%'Aug. 25 13 8 20%rApr. 41% 33 Sept. 1 40% 28 Apr. 11 37% 9 8 Apr. 17% 75 Apr. 14 94 8 24% Apr. 52% June 30 2 2% Aug. 3 8 Apr. 62 96 Jan. 3 Mar./ 3 Aug. 11 Dec. 14 July 25 Jan. Jan. 9 Aug. 21 Aug. 24 Dec. 27 3%!Sept. 3 Jan. 3 Feb. 28 Mar. 4 Dec. 20 Dec. 11 Sept. 22 Apr. 1 14 Jan. 63%rSept.27 12 73% Apr. 91 53 Jan. 120% Jan. Jan. Jan. Jan. 12 45 iff! 8 31 26 Jan. 5 13 % 3% 14% 4% 103 Jan. Apr. Aug. Sept. Apr. Sept. 8 24 10 26 12 6 8% Sept. 11 Sept. 5 Sept. 8 19% Sept. 11 28% Dec. 9 7%'Sept. 27 13% Nov. 32% Nov. 11 3 Aug. 4 Apr. 29 13 93 38 Jan. 2 4 % Aug. 24 19% Apr. 11 nIll 6 3 32% Apr. 11 51%rSept.25 xlOoj Sept. 8 116 May 31 5 8 Apr. 10% Jan.? 5 29% Apr. 11 40% Dec. 30 1 % Apr. 10 5% Nov. 4 19% Aug. 24 31% Jan. 3 16% Apr. 11 32% Sept. 11 49 Jan. 26 61% Sept. 16 54% Apr. 19 67%18ept.il 26 10% Jan. 53 1 48 46 Oct. 15% Jan. x87% Sept. 15 100 4 15 9 Mar. 14 Feb. 8 5 30% Jan. Sept. 8 9% Dec. 22 Jan. 4% Apr. 17 5 15% Aug. 24 32% Nov. 4 5% Apr. 10 Oct. 25 4 73 Apr. Feb. 27 85 79% Apr. 18 91 - Aug. 4 7%'Nov. 27 11 Sept.11 27 ' Apr. 11 35 Mar. 10 4 108% Aug. 101% Jan. 4 % Dec. 27 2% Jan. 5 7% Sept. 12 12% Mar. 10 6 3%lDec. 7% Mar. 10 6% Aug. 24 Sept. 6 1 FJuly 14 Sept. 12 1% Apr. 11 Sept. 11 8% Aug. 31 34 Sept, 12 88 Sept. 19 101% Dec. 20 9% June 30 7 17% Dec. 11% Apr. 10 22% Mar. 1 6 11 25 Feb. 83 5 Jan. Jan. 3 z25% Apr. 10 Jan. 2 9% Jan. 60 Sale 19 Jan. Jan. Jan. Jan. Sale 8 17% 15% 1% 97% 116% Jan. 82 Sale 2 8 12 90 18% 2 Jan. 22 27 26 26 P Jan. Jan. 13 19 Jan. 16 V* 1 12 24 102 15 Jan. 2% Jan. Jan. 28 29% Sale 8 24 6% Jan. 115 Sale 6% Sale 90 17% 91 19 82 20% Sale 4% 4% 4 30 31 9 91 Dec. 19 J an. 2 Jan. Sale Sept. Sept. Sept. Sept. 25% Dec. 13 25% Dec. 13 Aug. 24 8 27 4 83 110% Sale Dec. 30 Oct. 19 Oct. 26 Dec. 28 16 109% Aug. 7 8 Jan. 60 3 Sept. 19 no* June 21 2 3 * Dec. 5 Mar. 16 Jan. 6 Dec. 29 42 4 Jan. 30 15 Feb. 26 22 5 Feb. 9 Oct. 25 Mar. 13 May 2 Jan. 5 17 3 81 8% Jan. Sale W 30% 69 96 2 4 30 7 18 Sale Sale Jan. ._ 30* Mar. Jan. Jan. 8% Sale Sale Sale 86% 7% 1 1 Sept. 13 9% Mar. 9 15% Sept. 5 13% Jan. 3 41 Sept.11 94% Oct. 6 14% May 23 97% June 10 58 Mar. 11 4% Oct. 26 34% Oct. 23 15 15 10 80 89 Sale n 20 y zoy soy Oct. 26 Sept. 27 Sept. 26 Sept. 27 Sept.27 Jan. 4 Sept. 15 Nov. 3 Sept.13 11 80 Jan. Jan. Jan. Jan. Jan. Jan. 1* Dec. Dec. Apr. Oct. Apr. 13 2§8 Feb. 10 14 Apr. 5% Jan. 13 15 5 3 4% Sept. 26 6% 15% 38% 98% 29 Sale Sale 48 Oct. 23 Sept. 27 Sept. 27 June 27 Sept. 27 73 11 5% Jan. 25% Jan. 7% Jan. 8* Sale Curtis Publishing Co (The)—* Preferred * $8 preferred 3% 18 26 26% Sale 7% Sale 8 1 4 9 10 Jan. 5 5% Jan. 22% Jan. 4% Jan. Sale 1 Sale % Jan. Sale 22% Sale 21% Jan. 105 101% 102% 100% Jan. Sale Sale 31% Jan. Sale 7 6% Jan. 27 Jan. 28% Sale 27% 37 Sale Jan. 40% Sale 39% 37% Jan. 15 Sale Jan. 15% Sale 90 Sale 90 Sale Jan. Sale Sale 36 34% Jan. .85 80% Sale 78% Jan. Sale Curtiss Wright Corp——-.1 Class A..—...——...—.1 Cushman Sons 7% 82 Sale 5 - Sale 64% Sale 172% 180 4% Sale * preferred A* Sale 40% 3% Sale 23% Sale 28% 29% Crucible Steel of America—100 Preferred -----100 Cuba RR 6% preferred—100 Cuban American Sugar——10 Preferred -———-100 conv Sale 115 6 Jan. 79 19 86% 5 Apr. 10 Apr. 14 5% Apr. 10 3 74% Jan. 62% Jan. 13 3 8 10 14 5 25 Sale 18 14 Jan. 101% 101% Sale 16% Sale 13% Sale 1% 94% 94% Sale ——1 Corn Products Sale 15 4 6% Jan. 24% Jan. 1% Sale 2 4 4 12 Sale Sale Continental Oil of Dei------5 Continental Motors Sale Sale Sale 113% Continental Diamond Fibre—5 1% Sale 5H 13 31 Jan. Dec. 11 Jan. 106% Sept.- 18 115 20% Apr. 11 39 69 Sept. 25 78 42 Jan. 3 45% 34% June 30 60% 21% Apr. 11 38 125 Sept. 11 135 105 Sept. 5 133 58 Jan. 7 62% 11% Apr. 10 18 1 110 101% Feb. 8 20% Apr. 37% 100 8 111% Apr. 11% Apr. '8 24% 2% Aug. 24 8% 3% Sept. 1 9% 3% Aug. 19 8% 15 9 8 5 26 18 46% Sept. 28 2% Apr. 8 15 Apr. 8 Jan. 5% 22% 6 Sale 7% preferred 23 Sale 30% 97% 108% 30 79 22% Sept. 11 4 4% Dec. 28 Apr. 8 53% Apr. 11 9 Apr. 8 68 113% 114% Apr. 4 4 Jan. 30 25 Sale - 10 5 13 21% 29% 47% 95% 24 21 1 23 10 11 5 19 52% Jan. 47% Jan. 105 29 Jan. % Jan. % Jan. % Jan. 5 5 Aug. Apr. Apr. June Dec. Dec. Apr. Jan. 2 35% Jan. 49% Jan. % Jan. 46 1% 9% % % % % 22 Sale Cutler-Hammer Inc..———* 120,400 15,600 Davega Stores Corp——.5 Conv 5% preferred —25 6,900 Davison Chem Corp (The)—.1 82,700 4,200 Dayton Pr & Lt 4%% pref-100 For footnotes 24 Apr. Jan. 22% Jan. 6% Jan. „ 34,500 40,600 99,900 245,900 3,670 11,800 415,600 10,700 469,600 22,500 8,930 497,400 12,510 56,800 5,300 192,200 81,900 4,187,000 629,600 a:3% Dec. 27 Apr. 85% Oct. 1% Sept. 98 Sale Consolidation Coal Co v t c.25 625*600 3 8 16 3 3 Sale 107,300 6% preferred v t c -.100 10,200 Consumers Pow Co $4.50 pref_* 19,800 Container Corp of America-.20 274,800 Continental Baking Co class A * 273,600 fllooc T-i ' 179,900 8% preferred ——100 33,000 401,250 15,000 125,300 168,000 1,710,800 531,400 97,800 18,620 216,500 9,900 202,700 154,700 17 Aug. 6% Apr. 4 Sept. Sept. 16% Sale 16% Sale 7% Sale * Consolidated Film Industry—1 52,800 $2 partic preferred — * 18,800 Consol Laundries Corp .5 87,000 Consolidated Oil Corp—— 1,081,700 Consol RR of Cuba 6% pf-100 45,700 116.500 3 31 5% Aug. 24 22 18 Jan. Sale 29 Jan. Jan. Jan. Jan. Jan. J an. 26% 18% 4% 42% 97% 2% 4 2 70 —100 5% preferred Jan. 2% Jan. 12% Jan. 29 18 June 29 10 9 104 Jan. 32 Jan. Jan. Jan. Jan. 41% 7% 32% 20% 33 80% Sale 13% 13% 97% Sale 3 15 23 22 26 17 Clev Cine Chic & St L By— 70 352,100 485.800 YEAR 1939 1939 Shares 150 RANGE FOR Jan. 3 N. Y. STOCK EXCHANGE 4 4 Nov. 16 55% June 17 25 Sept. 26 7 June 20 17% Mar. 10 10% Sept. 22 19 112% Dec. 14 8 N. Y. STOCK 34 EXCHANGE—STOCKS - 7.AGGREGATE ^SALES 12 Months In Shares 4 . . / 1,000 1,700 3,200 2,700 7,600 30,200 1,400 1,990 1,900 5,300 12,700 37,600 8,300 310,400 876,300 70,700 123,200 149,200 8.400 500 561,000 54,900 5,110 621,900 10,900 2,900 800 340 26,200 9,900 440 62,300 94,000 253,400 4,360 208,600 16,100 196,300 831,100 954,900 2,800 8,300 120 25,600 1,300 7,300 26,200 47,'300 8,300 65,200 52,900 21,000 6,100 2,100 17,900 1,200 330 60,900 3,600 1,100 2,100 9,500 1,700 4,900 97,900 29,000 100 8,300 4,000 6,700 210 2,200 5,000 2,300 2,000 1,100 3,100 9,000 8,300 3,400 100 4.300 30 1,100 20 12,500 340 2,100 8,400 2,500 1,300 5,700 1,250 146,500 32,800 800 11,400 40 6,000 2,180 178,800 4,000 2,600 7,100 4,600 230 2,500 7,200 140 6,300 4,400 7,800 6,900 3,960 15i300 11,100 600 50 12,000 22,000 3,900 Eastern Rolling Mills ....5 Eastman Kodak Co of N J---* .———4 Eitingon Schild Electric Auto Lite 3 4% 1st preferred-------100 4% 2d preferred —100 "1654 Sale" 1154 154 Sale .18254 Sale 119 123 122 11654 11754 1654 Sale 2554 .* Gabriel Co (The) class 53,300 Gair Co Inc (Robt) —- - - / . tor footnotes see page 40. 12 15 43 Jan. 31 954 Jan. 4 15 20 Jan. 8 81 Jan. 25 66 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3 10 30 Jan. 4 15 15 31 1654 Jan. 2254 Jan. 75 Jan. ■ Sale 654 13 142 6 176 2954 1654 154 Sale 17 38 Sale Sale 15)4 Sale 154 Sale 754 Sale 3154 Sale 27 1154 7954 8854 9354 54 154 3 154 854 2354 154 654 2954 2554 4 Jan. 17 Jan. 2654 Jan. 15 18454 Jan. 2 123)4 Jan. 30 11854 Jan. 22 3154 Jan. 4 4 19 3 654 Jan. 22 15 16654 Jan. 3 2 19 178 Jan. 9 3254 Jan. 17 54 Jan. 154 Jan. 27 4 2 3 Jan. Jan. Jan. Sale Sale 454 854 99 Sale Sale 24 Sale 4M Sale 85 19 40 18 24)4 2454 Sale 9954 100 4254 Sale 3154 Sale 3454 36 18 254 254 Sale Sale Sale 101 72 80 5)4 35 3254 Sale 254 Sale 354 Sale Sale 103 45 _ 102 15 3454 Jan. 1454 Jan. 16 15 39)4 Jan. Jan. 3 154 Jan. 654 Jan. 2 154 Jan. 4 8 8 8 5 10 3 29 29 Sale Sale Sale 1 Sale 3954 Sale Sale 99 4 Sale 130 Sale Sale Sale Sale Sale Sale 40 91 Sale" ^ 654 Sale ----- Sale Sale Sale Sale Sale Sale Sale "l5"" Hrz 9954 854 36)4 3154 3054 154 4154 4554 854 2054 H 454 34)4 25M 87)4 17 40 1754 71 454 30 33 554 3 Jan. Jan. Jan. Jan. Jan. Jan. 25 10054 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan/ Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 72 Jan. 4 31 Jan. Jan. 31)4 Jan. 2 Sale 14 Jan. 13 Jan. 102 Jan. 1354 103 1454 106 954 Jan. 23)4 Jan. 1554 Jan. Jan. Jan. 354 Jan. 454 Jan. 1 1 Sale 51 Jan. 144 Jan. Jan. Jan. Jan. 1954 Jan. 50 54 Jan. 1754 Jan. Sale 44 40 8654 9354 9254 Sale 12854 Sale 12954 13054 128 51 5254 Sale 5454 Sale 12354 Sale 12554 128 12354 43 54 Sale 3754 454 Sale 454 9)4 954 Sale 109 111 10954 1 Sale 54 1 H 1854 1954 1654 1654 16 91 9154 86)4 89 Sale 54 Sale 54 54 Sale 1754 1754 18 11754 18 2754 2854 30 '3254 Sale 15 Sale 1454 11454 15 26 *29 Sale 2754 24 19)4 2154 Sale 11954 Sale 13 Sale 1254 Sale 11)4 16 1654 1554 1554 1654 100 9954 8254 9954 95 2054 21)4 Sale 2254 Sale 654 Sale 654 654 Sale 4854 5054 4754 4754 49 sIH 10r n8H Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 29 15 3454 Jan. 18 2)4 Jan. 3)4 1754 9 1454 4 104 26 30 5' 14 19 Jan. Jan. Jan. Jan. 10354 Jan. 15 2 Jan. Jan. Jan. Jan. 50 7 ' 754 14354 254 254 354 954 Sale 954 754 Sale Jan. 20 24 52 Jan. 87)4 Jan. 5 142 4 8 19 3 4 25 26 22 145 3 3 2854 Jan. 4)4 Jan. 24 654 654 654 Jan. 654 Jan. 10454 102 10354 102 8 4 30 Jan. Jan. 454 Jan. 3254 Jan. Jan. 8 Jan. 18 40 8 2254 31 2154 18 106 18 46 15 21 25 3454 23 2454 30 354 27 35 8 10754 19 2054 12 7254 50 8 4 5 3 2754 Jan. 1754 Jan. 5 23 12 30 50 8 8 554 Jan. 27 46 50 8 4054 Jan. 22 11H Jan. 12 "454 Janl"24 16 254 Sale 354 Sale 14 Jan. 3 111 31 1254 Jan. 83 Jan. 31 Jan. 26 89 97 Jan. 31 54 Jan. 22 23 154 Jan. 354 Jan. 23 20 1)4 Jan. 97 2554 454 54 21)4 85)4 89 1754 1754 Sale 3754 2354 22)4 1954 Sale Sale 104)4 4354 Sale Sale 1854 32 Sale 2454 2354 2)4 Sale 3254 Sale 107)4 1854 1754 34 Sale Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15 17 9 15 31 2 25 73 12 Jan. 354 1154 Sale 19)4 Sale 2154 23 50 53 5354 48 18 1854 Sale 1854 11354 Sale 116)4 Sale 113)4 Jan. 40 H Sale 3754 Sale 3754 Jan. 4754 Sale 4554 Jan. 4754 Sale 116 118 117 Jan. 117 121 54 Sale 54 Jan. 54 Sale Sale Sale 17 27 454 12 )4 754 Sale 138 3 31 454 1154 454 Sale 1354 13 5654 Sale Sale Sale Sale 654 Sale 14Q Sale Sale Sale 19 AH Jan. Jan. 215! 225! 1854 2354 1954 2054 Sale 105 10454 105 46 Sale 4454 18)1 2054 Sale 33)4 3454 Sale 24 24)4 2354 2 54 254 2 54 3354 3454 32)4 10654 107)4 107 30 15 16 1 454 Sale 2154 102 Sale Sale Sale Sale 1454 Sale 10454 „ 8654 16 Sale Sale 5154 Sale 38 \H Sale 24 "3454 Sale' Sale 154 1554 Sale 8654 Sale 27)4 Jan. 27 23 22 12 454 6 3954 Sale 27 Jan. a 2254 54 554 3854 2554 1654 9754 1 173 4 120 2554 Jan. 29 Sale 2854 Jan. Sale 1)4 Jan. Sale 154 154 37 Sale 3654 Jan. Sale 42 Jan. 45 Sale 43 11054 10954 11054 10954 Jan. 954 Jan. 954 Sale Sale 7454 Jan. 7454 Sale Sale 8654 Jan. 8454 86 Sale 8954 Jan. Sale 8954 Sale 54 54 Jan. 54 1 1 )4 Sale 154 Jan. 154 254 Jan. 254 Sale 354 154 Jan. 2 154 154 2854 654 Sale Sale Sale Sale Sale 30 3 18 27 "354 ""454 Sale Sale 3254 Sale 16 Sale 1 154 3554 Sale 1554 Sale 29 10 2 Jan. Jan. Jan. Sal? 2854 154 4154 4154 10954 177 1354 3554 18)4 23)4 15 83)4 2 15354 12 1754 8 15 3 1354 Jan. — 2854 Sale Jan. 1454 Jan. 654 Jan. 13 117 118 175 180 Sale 12254 12354 122 117 Sale 116)4 - 1654 2354 554 54 12554 2354 3454 31 454 Jan. 454 554 16054 Sale 15854 Jan. 654 25 Jan. Jan. 172 554 454 Sale 254 Sale 454 30 31 18 25 16 2 1854 454 54 12354 2054 3354 1154 Jan. Sale 654 1254 Jan. Jan. Jan. Jan. Jan. Jan. 2 3 3 2 8 10 27 77 Sale Sale Sale Sale 16 26 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3454 Jan. Sale 81 Jan. 173 1554 Sale 4 ....—1 140,400 $3 preferred—........... 10 13 57,700 Gamewell Co (The) 14 -* 13,970 95 800 Gannett Co Inc conv $6 pref--* Gar Wood Industries inc 3 6 54 63,700 1854 25,800 Gaylord Container Corp..—5 5)4% conv preferred-—60 5154 3,500 Gen American Investors—.—* 9 82,100 $6 preferred— * 100 3,000 Gen Amer Transp Corp— 5 59 147,210 General Baking Co...———5 954 166,100 $8 preferred---. —* 133 2,410 General Bronze....——.—5 4)4 45,900 General Cable-.-.———* 1754 326,100 Class A————..... * 35 44,500 Preferred 7% 100 72 11,660 General Cigar Inc * 2354 52,800 7% preferred ——100 127 3,710 General Electric.....——* 4354 2,394,300 General Foods * 3954 578,200 $4.50 preferred ——* 114 13,700 General Gas & Electric cl A..* 1)4 173,500 $6 conv preferred A——* 39 1,170 General Mills .———.* 78 68,100 5% preferred——.100 1,530 General Motors Corp.——10 "5054 4,657,200 Preferred 5% .——..* 123)4 47,800 Gen Outdoor Advertising A—* 3454 9,700 Common..-————* 654 76,200 General Printing Ink........ 1 1054 69,100 $6 preferred —.......* 107)4 1,880 General Public Service—...* 1)4 49,700 General Railway Signal...—* 2654 138,300 6% preferred—..——100 90 980 Gen Realtyi& Utilities Corp—1 154 208,700 $6 preferred 1954 37,400 General Refractories.....—* 4054 184,200 General Shoe Corp..........1 27,600 Gen Steel Castings $6 pref...* 3054 57,870 General Telephone Co 20 52,400 Gen Theatres Equip Corp...* "1454 124,900 Gen Time Instrument Corp—* 15^ 16,900 6% preferred .......100 300 General Tire & Rubber Co—5 2354 463,300 Gillette Safety Razor .-.-.5 854 314,700 51 $5 conv preferred.........* 49,000 . Sale 954 Sale 1954 Sale *15054 Sale 3 27 9 41 8 Sale 81 2354 Jan. 4 Jan. 16 16654 Sale * A—* 30 — 124 2154 Sale r3454 Sale 123 1154 3554 1854 2254 Highest Sale Prices 2554 Jan. Sale Sale 28)4 Sale 13 1454 81 8454 cl A—* Sale 11754 2054 Sale 26 2654 1554 1654 1854 Sale 454 Sale 54 54 43 Lowest Sale Prices Sale Prices 20 Jan. 19 1854 Jan. Ask Sale 754 Sale 184 Fajardo Sug Co Porto Rico..20 Federal Light & Traction..-15 $6 preferred * Fed Mining & Smelting new. .2 Federal Motor Truck—-----* IFollansbee Bros—; Sale 120 43 Florence Stove Co— Florsheim Shoe (The) 754 117 Fairbanks Morse & Co---—-* (The)-———* 17 54 115 110 2454 Sale 154 254 Flintkote Co Sale 13 3 Exchange Buffet Corp * Fairbanks Co 8% preferred.100 6% preferred series A—.100 First National Stores....—* II* Sale a1^ 12 Ex-Cell-0 Corp 4)4 % preferred —100 Ferro Enamel Corp 1 Fidelity Phenix Fire Ins..2.50 77 Sale 35 12 13 Federal Water Service A——* Federated Department Stores.* 7454 12)4 3454 17 * '"354 Sale" (The)——5 3454 Sale Electric Boat Elec & Musical Industries- 9 Sale 82)4 Sale 2 Edison Bros Stores Inc. 854 4l^ 19 142 —100 17554 6% preferred Eaton Mfg Co 4l% Sale Sale 23 1954 254 3 Food Machinery Corp...—-10 34 Sale 4)4 %conv preferred 100 107)4 Sale Foster-Wheeler..—......-10 2854 Sale 87 90 7% conv preferred---.--—* Francisco Sugar Co -* 3 54 Sale 58 4854 780 Franklin Simon pref——.-100 10 2954 Sale 255.800 Freeport Sulphur Co 700 8,500 12,700 Duplan Silk— — —* 8% preferred—.————100 Du Pont de Nem & Co (E I) -20 $4.50 preferred-— Duquesne Light 5% 1st pf-100 Eastern Airlines Inc.— -.1 Sale 2154 3354 Sale Evans Products Co—.......5 151,600 24,700 119,900 466,800 20,800 411,000 60,800 52,800 4,060 193,400 1,840 64,200 4,300 2,400 7,400 15,000 2,000 500 -1 Dunhill International- 124 Highest Sale Prices Lowest Jan. 31 Ask Bid 2354 Sale 2554 26 1654 Sale 2254 Sale 554 Sale 54 Sale 7854 Sale 13254 Sale —* Dresser Mfg Co * 360 Filene's (Wm) Sons Co Firestone Tire & Rubber—--10 30 5,000 33 .* ~4 52,500 132,600 198,600 14,500 6,160 153,100 93,600 55,500 2,400 9,110 142,500 60,800 41,600 12,100 10,800 128,100 700 100 Ltd——— Douglas Aircraft Co Inc Dow Chemical Co—....—* 50 20 Erie & Pitts RR Co Eureka Vacuum Cleaner..—5 4,800 9,200 70 Dome Mines -—.—- "6* 600 3,900 1,200 Ask 'Bid American shares. 254 Sale 73,740 —* 1154 Sale 1,039,300 Electric Power & light $7 preferred-——* 3754 Sale 432,800 $6 preferred —* 3354 Sale 141,100 30 Sale 84,700 Electric Storage Battery——* —* 154 Sale 56,700 Elk Horn Coal Corp .3 29 Sale 132,000 El Paso Natural Gas Co -----—50 41 43 15,900 Endicott-Johnson 5% preferred-—--100 11054 Sale 7,660 Engineers Public Service——1 954 Sale 1,442,800 $5 conv preferred— * 6654 6854 27,500 $5.50 preferred w w——...■♦ 7154 Sale 22,100 $6 cum preferred .... * 76 78 12,400 154 Sale 105,900 Equitable Office Building-.-.* Erie RR— 100 2 Sale 163,800 700 2,000 5,600 3,900 1,080 Bid ... 800 : Par 20 54 Sale -* 805,600 Deere & Co Preferred----20 24)4 25 43,300 15 1554 28,800 Deisel-Wemmer-Gilb Corp.-10 100 2454 Sale 673,600 Delaware & Hudson 8 Sale 462,000 Del Lackawanna & Western .50 154 1)4 23,100 IDenver Rio Gr & West pf-100 100 113)4 Sale 24,900 Detroit Edison 3054 Sale * 32,020 Devoe & Raynolds A -* 30)4 Sale 60,300 Diamond Match Partic 6% preferred—-—-25 42 Sale 29,400 Diamond T Motor Car Co---2 854 Sale 74,300 20 Sale 214,100 Distil Corp-Seagrams Ltd---* 84 86 12,100 5% prefwith warrants---100 * 1254 Sale 20,220 Dixie-Vortex Oo_ Class A * 3454 Sale 10,180 2254 Sale 74,600 Doebler Die Casting Co--—* 26,000 2,600 1,400 25,600 21,400 1939 1939 1939 Shares YEAR Jan. 3 EXCHANGE Jan. 2 January RANGE FOB PRICES IN JANUARY Price STOCKS N. Y. STOCK 5754 Jan. 8)4 Jan. Jan. 19 145 16 354 Jan. 11)4 Jan. 23)4 Jan. 56 Jan. 1954 Jan. 2 11654 Jan. Jan. 15 41 12 4854 Jan. 24 11854 Jan. 2 54 Jan. 31 31 22 15 44 9 3 4 4 5 31 2 2 6 2 8 3 5 3 16 Jan. Jan. 15 13054 Jan. 15 55)4 Jan. Jan. 25 126 Jan. Jan. Jan. Jan. Jan. Jan. 8 16 5)4 Jan. 16 10 Jan. 15 Jan. 27 110 154 Jan. 4 10 Jan. 12 1954 Jan. Jan. Jan. Jan. Jan. 15 91 2 3 19 13 54 1854 3354 15)4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15 30 Jan. Jan. Jan. Jan. Jan. Jan. 16 3 Jan. 12 100 18 2354 Jan. Jan. Jan. 3 4 2 3 3 46 24 1 28 Oct. 26 8)4 154 13 12554 Sept. 2 3254 Apr. 3 3454 Sept. 7 44)| Aug. 22 1054 Sept. 11 2054 Sept. 30 90 May 18 1354 Mar. 31 35 54 Apr. 10 22)| Sept. 11 34 Aug. 24 8754 Apr. 11 14454 1754 Mar. 31 Dec. 27 1954 Apr. 14 14 Apr. 12 11654 Apr. 11 18854 Sept. 7 12454 Sept. 12 11854 Apr. 11 31)4 Sept. 27 Jan. 4 Oct. 26 Jan. 11 July 26 July 13 Nov. 3 Mar. 1 July 31 Nov. 4 Jan. 16 Jan. 3 July 26 Nov. 4 Dec. 29 854 3 54 July 5 13854 Apr. 26 18654 15554 Sept. 25 18354 1554 Apr. 11 30)4 1554 Sept. 5 19 H 1 354 Aug. 24 22)4 Apr. 11 4054 .854 Apr. 10 1854 Sept. 12 Jan. 5 Feb. 8 Oct. 25 July 12 Jan. 4 Oct. 26 Nov. 13 18 28 3654 554 1354 954 10 20)4 55 10154 6 6 10 108 12654 112 11154 1254 154 654 2054 1854 19 Sept. 11 Apr. 10 Apr. 11 Apr. 8 2354 Apr. 11 54 Apr. 4 28 Jan. 25 32)4 Aug. 31 *10354Mar.22 7 Apr. 8 6254 Apr. 8 6554 Apr. 8 69 Apr. 11 54 Aug. 24 1 Aug. 21 1)4 Sept. 1 154 Apr. 10 6554 Sept. 15 354 Sept. 1 6 Apr. 11 1454 Apr. 11 54 Dec. 20 254 Apr. 10 24 Apr. 11 20 Apr. 10 11 Apr. 11 Jan. 81 24 Dec. 29 Jan. 13 June 19 Nov. 2 Sept. 5 Aug. 18 Feb. 27 Dec. 29 354 Mar. 6 1254 Jan. 19 41)4 Jan. 20 38 Feb. 6 35 Sept. 14 354 Sept. 11 4254 Nov. 29 55 Sept. 13 111 Jan. 30 13)4 Aug. 3 8054 June 21 89 Aug. 16 95 Aug. 7 1)4 Sept. 11 3 Sept. 28 6 Sept. 28 354 Sept. 27 6554 Sept. 15 554 Mar. 13 Jan. 2554 Nov. 254 Jan. 8)4 Sept. 43)4 Jan. 3854 Sept. 18)4 Aug. 98 8 3 4 20 26 15 8 15 Dec. 11 1)4 Apr. July 7)4 Aug. 9 July 94 Apr. 354 Apr. 39)4 Sept. 4554 Aug. 554 May 10 354 Sept. 13 2 3 11 4 27 9 9 4 11 Mar. 31 9 1754 Apr. 8 Apr. 10 43 16 106 31 112 28 354 7 105 54 1254 8554 54 14 1954 1254 Jan. 2 25 654 Jan. 10 854 1054 9754 1554 554 Jan. 11 4354 4 3 17 4 16 15 17 3 28 27 9 21 11 Jan. 4 35 75 Jan. Jan. 3 4 8 2554 Jan. 6 23 13054 Mar. 31 11 4454 Jan. 5 27 47)4 Aug. 3 3 25 11854 July 154 Jan. 5 14 Jan. 3 6554 July 11 July 28 Jan. 26 99 Dec. 27 12854 Dec. 11 Apr. 11 5654 Oct. 26 Sept. 5 126 54 June 8 Feb. 28 Apr. 4 38 6)4 Jan. 5 Sept. 5 Mar. 31 10)1 Jan. 3 Apr. 15 11154 Nov, 25 154 Sept. 5 June 30 Jan. 5 Sept. 1 28 Aug. 22 9254 Apr. 6 154 Jan. 3 June 30 5 Sept. 6 2054 Jan. Jan. 4 Apr. 11 41 Aug. 24 1554 Oct. 7, Apr. 8 4354 Sept. 2/ Apr. 28 20 54 Nov. 20 4 Sept. 5 1554 Jan. Nov. 8 Aug. 10 18 Nov. 15 9954 Feb. 8 Apr. 11 2754 Mar. 10 Apr. 10 854 Jan. 3 Mar. 14 Oct. 21 54 Dec. 39 7254 12554 3654 26 26 25 21 5 3 18 Oct. Apr. 3654 Jan. 10754 Sept. 54 Dec. 2254 Jan. 1354 Jan. 1654 Jan. 51 2554 Oct. 18 2754 July 11 1854 Dec. 11 5)4 Sept. 10 10 1854 Oct. 13 1554 Sept. 22 104)4 Dec. 3 10 754 Jan. 3 1 1854 Jan. Jan. 5 17 52 3 9 Jan. 17 96 Jan. 26 10354 Mar. 3 40 Apr. 8 65 Sept. 3 Mar. 8 754 Dec. 21 11 4 128 Sept. 20 149 July 9 254 Apr. 1 554 Sept. 3 3 2 26 Jan. 2 Jan. 10 8 10 8 2854 Dec. 30 3154 Dec. 654 Nov. 4 254 Aug. 24 9 154 Jan. 19 54 May 25 3 1894 Apr. 11 2754 Oct. 18 6 8254 Sent. 13 8994 Feb. 17 3 1754 Nov. 30 2354 Nov. 20 2 2754 Apr. 11 4054 Dec. 16 1654 Sept. 13 21)4 Dec. 28 5 1754 Apr. 10 2554 Sept. 12 3 24 9954 Jan. 16 105)4 June 8 2 Aug. 3 3854 Apr. 8 51 3 15 Sept. 5 3154 Jan. 4 ' 25 Apr. 6 38 July 27 2 Oct. 6 17 May 12 25 3 5 Sept. 11 1)4 Apr. 8 9 21 9 Apr. 14 3754 Sept. 12 5 10854 Jan. 11 4 10354 Apr. 14 5 5 Aug. 24 2954 Jan. 6 18 6654 Aug. 24 9054 Jan. 9)4 Sept. 5 5 1)4 Apr. 10 Jan. 13 27 Sept. 15 55 29 Sept. 27 25 1854 Apr. 26 36 9354 Jan. Jan. 1554 Apr. Apr. 1154 Apr. 12)4 Aug. 354 Sept. 54 Dec. 103 Apr. 23 . N. Y. STOCK EXCHANGE—STOCKS FEB., 1940] 35 AGGREGATE SALES In January Jan. 2 Par 520,600 21,130 174,600 8,300 193,100 95,100 1,840 890,800 55,700 1,189,700 41,930 54,400 1,850 502,120 40 24,800 2,500 42,400 1,600 2,700 210 82.200 10,300 * 3,900 2,400 1,200 3,600 800 36,800 45,500 5,100 860 10 Girabel Brothers * 494 % conv preferred Sale 50 Sale 2,200 5.500 254 (Adolf) 45 47 Sale 70 109 Sale 5 Sale 74 80 Sale 100 Without div certifs. Granite City Steel... Grant (W T) 1% Great Great 100 Preferred 1,000 800 320 15,500 3294 Sale 2394 Sale 23 94 Sale 1794 2654 2854 3o| 26 Sale Sale 135% 137 200 80 550 6,300 790 ~~2", 600 41,700 2,611 405,100 22,700 417,800 10,500 1,600 60,300 250 21,700 1.800 33 Sale 17 Sale 1194 294 Sale Sale 21 12% Sale 10,800 600 70 1,800 610 1,200 1,700 700 4,300 3,900 5.800 12,700 2.700 6,200 5% 15% 100 99 105 97 100 Sale 31 6% preferred 100 1 694 % preferred with warr 100 Hayes Mfg. Corp 2 138% Hat Corp class A 6 Hazel-Atlas Glass Co 106 Hecker Products Corp Helme (G W) 7% preferred 72% 3% Hercules Motors * 'l0% 86 Sale Sale 133 134 55 50% 104 105 17 % 20 50% Sale 9% 9% 14% Sale 104% 64 Sale 33 % 31% 17% Sale Household Finance— Common stock. * 23,000 10,300 5% preferred 100 359,700 Houston Oil of Texas v t C..25 5 123,300 Howe Sound Co 31,800 Hudson & Manhattan-.—100 6,200 5% preferred 100 365,300 HuaBay Min & Sm Co Ltd * 211,900 Hudson Motor Oar --1 487,100 Hupp Motor Car Corp 1,800 100 10,900 4,300 300 400 10,400 9,700 11,200 12.500 698,400 40,600 8,640 14,190 17,600 209,400 42,700 1,360 150,100 521,200 74,100 201,600 200 900 6,700 113,300 8,840 53,200 969,000 115,900 33,800 52,100 490,100 18,900 367,500 806,600 85,200 16,800 2,300 1,140 2,190 3,300 6,200 2.400 300 7,700 23,600 5,300 780 1,700 61,200 11,900 1,700 3,600 28,100 1,400 12,000 117,700 3,100 500 1,600 1,000 600 54,700 8,500 3,900 ■ 170 700 2,600 30 6,800 3,000 10,900 550 3,300 2,100 10 3,100 900 800 "MOO 200 4,600 4,800 150 Illinois Central.. 70% Sale 104 8 50% Sale Sale 594 3 4 % Sale 8% Sale Sale 100 6% preferred series A Sale 100 Sale Leased line 4 % 100 RR sec stock ctfs ser A.1000 Sale Indian Refining Industrial Rayon Corp.. Ingersol-Rand AW Sale 10 * Sale Sale * 100 6% preferred Inland Steel Sale" * Inspiration Cons Copper—20 Ctfs Inc 1 Sale Insurancshares 4% 8% Jlnterboro Rap Trans...—100 Certificates of deposit Interchemical Corp.. 6% preferred Sale * 100 Sale * Sale Interlake Iron * Internat Agricultural * Sale Sale Intercontinental Rubber Prior preferred International Sale 100 Int. Business Machines Harvester. * 18494 * Sale 100 7% preferred Internat Hydro-Elec Sys A.25 International Mercan Marine.* 159 % Sale Sale Internation Mining Corp Sale 1 1,813,000 International Nickel of Canada* 11,100 Sale 100 Preferred International Salt Sale 72,800 26,300 231,600 2,260 49,200 37,100 354 Sale 11194 Sale 10 Foreign share certificates—* Sale Sale 79 10 H —-1 Sale 124 --1 Jar vis (W B) Co-.--*-.-.-—.1 Jewel Tea Inc.. * Johns-Manville. * 105 100 740 Kansas City Lt 1st pref ser B.» * 62,700 Kansas City Southern— 4% preferred 100 16,100 25,000 Kaurmann Department Stores 1 5% conv preferred)----—100 1,800 5 37,500 Kayser (J) & Co— 670 Keith-Albee Orpheutn pref. 100 Kelsey Hayes WheelsConvertible classA 1 82,600 Conv class B-_i_--_ —1 102,400 2,100 Kendall Co $6 For footnotes see page 40. partpref ser A.* 15 Jan. 24 Jan. 20 Jan. 16 54 Jan. $18 120 3 454 Apr. 1354 Jan. 994 Jan. 15 1494 Jan. 4 10 1454 Dec. 954 Dec. 10 Apr. 2454 Jan. 2294 Jan. 1294 Apr. Jan. 3 Jan. 18 16 Jan. 2 26 34 24 Jan. 23% 1294 2294 2794 13354 Jan. 18 Jan. 30 Jan. Jan. 29 29 3 55 Jan. 34 Jan. 3 1754 Jan. 4 4 1454 16 32 3294 35- Sale 26 133 Sale 4 18 27 26 22 Jan. 15 4 Jan. 4 5 32 Jan. 12 29 17 37 Jan. 9 32 3054 Jan. 3494 Jan. 1794 Jan. 1694 Jan. 10494 Jan. 12 6 • Jan. 3 2 294 Jan. 2 1794 Jan. Jan. 15 20 Jan. 12 17 Jan. 25 10694 Jan. 24 10394 Jan. Jan. 22 7 94 Jan. 91 Jan. 3 103 24 15 123 Sale 3 5 794 Jan. 95 30 394 Jan. 11 2 11394 Jan. 394 Jan. 394 Sale 11294 11194 Jan. 1094 Sale 994 Jan. Jan. 29 6 111 15594 160 163 Sale 155 Jan. 12 163 15 Sale 1494 Sale 8994 Sale Sale 89 8794 131 13194 13394 Sale 61 6194 6094 6194 5994 11294 11394 11594 11194 114 Sale 18 17 94 17 1854 33 94 Sale 31 3194 Sale 6 694 554 554 554 1394 1294 1294 1294 Sale 110 101 10294 110 Sale 59 59 5994 Sale 34 3394 3194 3394 Sale Sale 12 1154 1394 Sale 6894 Sale 11094 114 6 Sale 4994 Sale 54 9 3 26 4 Sale 594 Sale 1 Sale L294 Sale 2394 24 10 Sale 694 654 594 Sale 2894 Sale 16 118 5094 56 94 Sale 8894 1354 Sale 554 394 3W 13 594 Sale Sale )854 494 LI 54 194 57 5594 5054 109 Sale Sale Sale >5 166 Sale Sale Sale 494 Sale 994 694 Sale Sale 100 148 1554 Jan. 3 10 Jan. 10 91 Jan. 8 5 13394 Jan. 15 62. Jan. 16 11594 Jan. 30 150 152 8254 1154 594 354 254 4194 .0994 494 Sale Said 53 8 5594 31 Sale Sale 394 40 4194 108 IK) 494 454 954 994 Sale 154 194 Sale 3494 3294 33 .7954 18054 180 54 Sale 5394 16594 .66 169 4 494 Sale 854 994 Sale 694 654 694 3594 3594 Sale al3494 Sale 131 12 94 Sale 1154 5054 5394 Sale 494 454 5 Sale 51 54 54 Sale 34 94 34 3654 3454 Sale 3454 3454 35 2894 2594 27 2554 100 9794 9894 10194 4 Sale 4 Sale 4 Sale 4 494 9 9 Sale Sale Sale 83 8194 93 / 9 8 894 894 2 5 94 25 Sale 2454 123 123 133 1594 93 89 94 Sale 15 87 7154 7094 12394 Sale 5594 1494 xl3% Sale 12094 Sale 654 Sal Sale Sal Sale 9 4 1854 Jan. Jan. 4 654 Jan. 3 8 34 15 Jan. Jan. 2 6094 Jan. 30 19 34 94 Jan. 9 1394 Jan. 3 6 7054 Jan. 10 11194 Jan. 29 12 24 3 11 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan 9 3 13 6 Jan. Jan. 3 1 Jan. 2 Jan. Jan. Jan. Jan. Jan. 3 15 19 30 31 1354 2494 4154 694 654 1194 Sale Sale Sale 1054 Sale 6 694 9794 955* 6 38 Feb. Jan. 5 3 5 3 9 Oct. Jan. Sept. Apr. Sept. 6094 Oct. 102 Sept. 494 Sept. 40 Apr. 54 Dec. 294 Sept. 2154 Sept. 454 July 54 Aug. 9 Aug. 1694 Apr. 3894 Sept. 454 Sept. 4 1494 Jan. 4 Jan. 10 6 354 Jan. 5 3 Jan. 8 4494 Jan. 8 15 3 110 15 30 Jan. 9 Jan. 6 1294 Jan. 294 Jan. 29 38 Jan, 22 18954 Jan. 15 6254 Jan. 22 14794 May 67 Apr. 994 Apr. 494 Apr. 254 Sept. 254 Dec. 17 94 Apr. 90 Apr. 294 Apr. 3 3 171 Jan. 31 554 Jan. 15 1094 Jan. 19 7 Jan. Apr. 4 19 5 31 3894 Jan. 22 133 Jan. 18 1454 Jan. 5 5 4 5 10 3 4 11 Sept. 4594 Sept. 142 Sept. 354 Apr. 294 Aug. 554 Apr. 35 123 Dec. Jan. Jan. Jan. Jan. Jan. 31 19 28 Jan. 15 100 Jan. 13 454 Jan. 5 4 84 494 Jan. 1054 Jan. 3 86 Jan. 6 854 Jan. 2594 Jan. 5 18 2 2 12 30 Jan. 15 Jan. Jan. 30 2 J an. 15 Jan Jan. 18 5754 554 5594 3554 3694 13 123 Jan. 22 17 Jan. 17 9094 Jan. 15 7794 Jan. 19 128 Jan. 16 67 Jan. 18 1494 Jan. 30 12094 Jan. 22 794 2 24 10 5 5 3 9 Jan. 13 Jan. 3 76 5 68 Apr. 59 2 122 Sept. Aug. Apr. Apr. Jan. Apr. Apr. Apr. Sept. Apr. Apr. Jan. 4 5 35 13 11794 594 24 20 Jan. 5 1354 Jan. 31 1594 Jan. 8 30 9 1594 Jan. 8 1294 95 Jan. 9 85 1254 Jan. 794 Jan. 9554 Jan. 30 1054 Jan. 31 6 Jan. Jan. 23 2 3 3 Jan. 4 110 9 5 31 Oct. 6694 May 11 9 3694 Mar. 17% Jan. 3 7394 July 11054 Aug. 954 Sept. 57 Sept. 154 Jan. 594 Jan. 3554 Sept. 854 Jan. 294 Jan. IF 49 Jan. 4 Jan. 3 Mar. 13 1194 Jan, 299l 31 12 11 6 20 9 5 5 3 4 Sept. Jan. 6 16 131 Sept. 20 157 Aug. 7 9854 Sept. 11 Sept. 5 5 594 Dec. 1 994 Mar. 394 Dec. 15 4694 Oct. 24 10994 Dec. 15 594 Sept. 11 10% Sept.12 19554 7154 16654 894 1754 10 Oct. 16 Oct. 18 Mar. 13 Sept. 15 Aug. 10 Jan. 5 Sept. 11 Sept. 5 3 5554 Jan. May 2 3 1454 Jan. 5754 Dec. 21 694 May 29 138 Dec. 4 107 954 Jan. 19 3 6094 June 38 Sept. 25 4054 Sept. 11 33 Oct. 23 Feb. 28 Jan. 3 18 4 3 51 125 Jan. 30 1359$ Mar. 6 6594 Aug. 3 July 17 19 Jan. 7 115 Sep't. 13 Jan. Jan. Jan. 4 10194 Sept. 11 Sept. 794 Nov. 18 Apr. 11994 Sept. Jan. 90 Jan. 394 Sept. 4 Sept. 794^Aug. Jan. Jan. Mar. 24 June 5 1854 Nov. 4?" 145 Sept. 654 Aug. 2594 Aug. 3 94 Jau* 3994 Jan. 29 Jan. 3194 May 19 Apr. 2 3 6 1154 Mar. 3 15094 Jan. 22 90 Jan. 15 Mar. 29 Nov. 2194 Sept. 86 17 28 594 Nov. 4 15 Oct. Oct. 7 Nov. 3 Sept. 27 854 Aug. 95 May 4754 Sept. 27 Apr. 854 Apr. 22 , 20 167 454 Apr. 1654 Apr. 2 Dec. 14 1094 Oct. 92 Sept. 13 117 3 29 15 118 9 Nov. 30 5 144 3 19 Apr. 10 Jan. Jan. 15 Jan. Jan. Jan. Jan. 54 Jan. 394 Jan. 27 25 Jan. Jan. 3 3 Jan. Jan. Jan. Jan. Jan. 50 10 19 Jan. Jan. 694 Jan. 12 26 Jan. Jan. Jan. Jan. Jan. 54 100 11 854 90 794 90 3294 May Apr. 12894 Apr. 13 94 Jan. 95 Jan. 20 18 8 Jan. Jan. 8094 Jan. 1154 Jan. 554 Jan. 3 94 Jan. 254 Jan. , 1794 4 94 4 94 .094 18 70 6894 Jan. 11354 11194 Jan. 554 Jan. 554 554 4794 Jan. 4994 Sale 54 194 54 Jan. 3 Jan. 294 354 24 94 Sale 2494 Jan. 594 Jan. 554 Sale 1 Sale 94 Jan. 5794 Sale 5694 23 19 Jan. Jan. Jan. 68 11% 1154 Sale 2194 2194 2294 Sale 3894 594 594 594 594 594 Sale 26 2694 2694 L14 11554 114 2 63 Jan. Jan. Sept. 5 Sept. 6 Sept. 27 Sept. 27 Apr. 10 454 Nov. 4 93 Apr. 11 11294 Dec. 30 854 Apr. 10 1394 May 24 31 Jan. Jan. 8 18 2 31 111 39 8 M Dec. July Mar. 9 June 13 May Sept. A* Jan. 1494 Jan. 131 3 6 36 . 96 17 2894 Jan. 5394 3594 2154 1294 Apr. 11 1854 Apr. 19 18 Apr. 12105 May 19 10354 Apr. 10 3394 99 5 IF Jan. - 8 147 794 Sale 95 1194 Jan. 294 Jan. 2094 Jan. 3 94 Jan. 1694 Jan. ii* 3 Jan. 1094 Sept. 1594 Dec. 15 109s Dec. 14 Sept.12 Aug. 14 25 Aug. 4 2294 Sept. 11 3354 Sept. 27 3794 Sept. 5 14194 July 27 2354 Aug. 12994 Sept. 42 May 2494 Jan. 1494 Apr. 10 Apr. 94 Apr. 9 Apr. 3 Apr. 11 Apr. 15 55 Jan. 8 1694 Apr. 2 29 12 95 93 % 8 1694 Jan. Sale Sale Jan. Jan. Jan. Jan. 3054 Jan. 60 Sale Sale 5 1854 15 2754 6 2994 15 13694 Sale 12194 8 5 Jan. 10 1054 Jan. 25 110 Jan. Sale 13 15 14 3154 Jan. 1694 Sale 12 1194 AW 105 91 94 894 Jan. Jan. Sale 1494 294 15 108 Sale 99 87 67 "32" 1194 Sale 22* Sale 87 1394 53 219s 7% Jan. Sale 130 Preferred Jan. 140 Sale 73 % 5 Jan. 108 !594 * Jones & Laugh Steel pref. .100 Kalamazoo Stove & Furn Co 10 Sale 43 14 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15 109 107 55 Interstate Department Stores * Preferred 10 Intertype Corp— Island Creek Coal $6 preferred— 810 87 91 88 2054 6654 2454 9494 354 7194 194 Jan. Sale Tel 794 17 15 >1 43^ Sale & 150 794 Jan. 2 394 Jan. 294 Jan. Jan. Jan. Jan. Jan. Jan. * Tele Sale 27 42 16 94 6394 2154 9194 394 14% Sale >694 Sale 494 Sale 100 7% preferred International .3554 2 22 50 * * 50 International Silver 3194 29 13J4 Jan. 3 669-4 Mar. 11 2494 Jan. 5 47 Mar. 7 354 Mar. 14 294 Jan. 4 86 Nov. 29 2454 Jan. 4 Apr. 7494 Mar. 16 Apr. 3854 Jan. 3 Apr. Nov. 10 10954 Jan. 5 June 30 554 Sept. 27 80 Mar. Dec. 13 3 194 Nov. 6 Aug. 18 694 Aug. 24 Sept. Sept. 34 May 17 294 Jan. 23 194 Apr. 70 Jan. 1954 Jan. Sale Sale ' International Shoe Sale 5694 Jan. 15 134% 1,162,800 International Paper & Power 15 5% conv preferred 100 810,900 52,320 Internatl Rys of Cent Arner..* 5% preferred 100 26,650 19,900 49,800 33,900 6,820 1,461,100 224,800 126,550 1,720 19,800 32,800 Sale Sale 4 Jan. 9 13 Jan. 137 Sale 18 1894 Sale 18 17 1694 1594 Sale 105 10194 108 103 10294 10394 102 135 JY* Sale Sale 2794 3 4" Sale 10694 1 11% Sale 25 109% 111 100 159 % 140,900 Hercules Powder....-------* 6,870 6% preferred 100 13,600 Hershey Chocolate— * $4 conv preferred 12,400 * 5,500 Hinde & Dauch Paper Co—10 130,300 Holland Furnace (Del) 10 51,500 Hollander (A) & Son 5 113,500 Holly Sugar Corp * 490 7% preferred 100 257,700 Homestake Mining.12-60 17,000 Houdaille-Hershey class A—* Class B * 318,000 9,200 17% 24 1394 Sale 23 94 Sale 2754 Sale 60 Sale Sale Hanna (M A) Co $5 pref— Harbison Walker Rerrac—---* 25 Sale Sale s* 20 33 32% 11% Sale 6% preferred Sale 140 134 45 40 Sale 2394 24 17 794 Sale 25 10 - 794 Sale 2494 7 94 Jan. 4794 Jan. 194 Sale 16 3094 . 69 3394 18% 31 - 394 Sale 67 Highest Sale Prtces 67 87 Sale 18% 26 Sale . 9494 3% Lowest Sale Prices 294 Jan. 8794 Jan. 1794 Sale 64 6394 2294 Sale 92 9294 1494 Sale 954 Sale Sale 14 21 Preferred A... Sale Highest Sate Prices 38 94 Jan. 2 94 Jan. 43 85 66 1454 Sale 994 Sale 30 Hall Printing Hamilton Watch 88 Sale 794 Sale Lowest 294 Sale 294 Sale % Sale 25 Hackensack Water 42 Sale 69 68 394 1794 9,300 1,710 197,500 6,900 1,430 2,890 113,700 1,100 82,200 1,100 63,700 64,600 7,400 2,530 83% 1994 04% 2394 9294 394 7% Sale * * -.10 preferred 20 North Iron Ore Prop—* Northern pref * West Sugar * - 2% Sale 24% Sale 6494 Sale 3854 Sale 51 193,900 Guantanamo Sugar.. * 4,425 8% preferred 100 14,100 Gulf Mobile & Northern.-.100 26,100 6% preferred 100 190 1939 Sale Prices Ask 754 Sale 5494 5694 1794 3-794 1794 Sale 38% Sale 2% Sale Grand Union Co (The)— With div certifs Great Sale Sale 1 Co.—100 Goodrich (BF) * $5 preferred * Goodyear T & R * $5 preferred --* Gotham Silk Hosiery * 5% 8% IV* 60 2354 Goebel Brewing Co Gold & Stock Teleg Preferred Jan. 31 Ask Bid Bid * * -50 136 Green Bay & Western RR.100 193,800 Green (HL) Co. 1 1,471,400 Greyhound Corp (The) * 87,000 594 % preferred 10 5,000 €8,700 Ask ,1 $6 preferred Glidclen Co (The) Gobel Bid Graham-Paige Motors 1 Granby Consolidated Mining 260,600 Smelting & Power Ltd 5 1,800 1,800 63,500 87,900 14,700 254,700 1,278,500 173,700 5,390 YEAR 1939 Shares 17.200 3,500 17,700 2,000 10,200 7,400 RANGE FOR Jan. 3 N. Y. STOCK EXCHANGE 1939 Shares PRICES IN JANUARY Price STOCKS 12 Months 794 Apr. 10 5 Aug. 24 79 June 21 87 June 1054 Jan. 9 5 3254 Sept. 12 Mar. 9 Oct. 21 8994 Dec. 29 J an. 105 3 June 133 9 83 Sept. 27 7 1994 Jan. 12154 Jan. 11% Jan. 24 Sept. 1654 Nov. 9994 Jan. 18 July 10094 Dec. 20 4 27 17 17 28 14 1454 Mar. 8 1094 Mar. 8< Sept. 21 99 N. Y. STOCK EXCHANGE—STOCKS 36 II AGGREGATE SALES STOCKS In N. Y. STOCK 12 Months January EXCHANGE 11,500 7,130 97,700 9,500 220,600 71,700 2,030 203,600 297.600 103,300 254,100 50,900 29,900 304,200 109,800 28,300 33,100 166.400 10,500 8,100 95,800 43,300 56,500 107.400 82.100 533,800 Jan. 31 Jan. 2 Par _♦ Shares 107,200 30,600 37,700 12,270 281,800 11,100 38,700 515,225 Bid Sale Sale Sale Sale Sale Sale Sale Sale Sale 7% Jan. 143* Jan. 15% Jan. 22 Sale iIH Sale Sale Sale Sale Sale Sale 13 X 28 X 3 21 13 Sale Sale 5 Sale com—25 Sale Sale Sale Sale 10834 178X 175 18 X 19X * 7 -25 100 175 18 Sale Lily Tulip Cup Corp Co * Liquid Carbonic Corp * Lockheed Aircraft Corp——1 Sale 25 Sale 37 12 J* Sale Sale Sale im 30% 35% 107 X Lion Oil Refining 18 54 * ~54~~ Sale" Sale 109 $6 50 preferred* 105 8 M Sale, ——------1 4.240,600 Loft Inc 60 34 Sale 190,000 Lone Star Cement Corp 4 34 Sale 124,600 Long Bell Lumber A 19 Sale 45.400 Loose-Wiles Biscuit-—.—-25 106 2,750 5% preferred ---100 99 249,400 Lorillard (P) common -10 2134 Sale Sale Preferred ----100 9,330 Sale 56,200 Louisville Gas & Elec A—--* Sale 83,100 Louisville & Nashville---—100 Sale Loew's Inc 107 Sale * Link Belt Co 2654 48X 6% 41X Sale Works Sale. Sale Sale Sale 110 Sale Sale Sale Sale 28 Sale Jan. Jan. Jan. Jan. 1 Jan. 16 16 3X Jan. 15 16 21 Sale Jan. 106 1834 Jan.. -~2 107 H Sale 24X 158 1934 58X Sale Sale Sale 60 Sale "5334 3% 16% 10734 23% 153 X 19% 5534 Sale 63 164 49 X Sale Sale 136,600 22,200 175,800 217,700 119,500 2,220 116,400 1,160 2,900 4,900 98,600 28,850 11,120 73,800 332,700 196,500 139.900 7,110 93,800 3.750 209.900 13,300 58,300 110,000 266.800 36,100 86,500 81,800 142,300 5,070 5,410 $6 preferred series A— * 35.50 pref ser B with warr--* Melville Shoe Corp.——.—.1 Mengel Co -1 5% conv 1st preferred 50 Merch & Min Transp Co—* Mesta Machine Co— 5 Miami -5 Copper Petroleum—10 Midland Steel Products * 8 % 1st preferred 100 Min-Honeywell Regulator Co_ * 4% conv preferred ser B--100 Mid-Continent Minn Moline Power Implem—1 $6.50 preferred-- —* —* Mission Corp.---Mo-Kan-Texas 7% preferred series A * 100 —100 Sale .2534 15 4634 4 Jan. 15 Jan. 30 1854 Jan. 31 109 Jan. 15 25 Jan. 12 158 Jan. 18 2134 Jan. 22 60 2534 Sept. 5 1134 Sept. 2534 Apr. 11 4 Apr. 1 5 Apr. 1 9 Apr. 27 Nov. 14 6 5 Apr. 1254 Oct. 23 8 10 Apr. 8 1 Apr. 10 434 Apr. 354 Aug. 24 954 Apr. 10 3 16 Jan. Jan. 2 1634 134 534 454 Jan. Jan. Jan. Jan. 5X Sale 29 93 12 X 32 Sale Sale 1054 Sale 89 92 Sale Sale Sale 3734 Sale 2654 105 1534 Sale Sale 110 25 31 23 24 26 26 7 3 5 10 4 15 15 16 11 101 Jan. 2 Apr. 25 Feb. 3 2634 Aug. 24 2 May 12 8 30 9 13 1634 Jan. 1634 Jan. 13 27 2454 Dec. 4 10954 31 354 Sept. 93 4 15 17 8 Jan. 3 1554 534 Jan. 31 39 Sale Sale 10% Jan. 834 Jan. 15 11X Sale Sale Jan. Jan. Jan. Jan. Jan. 3 Sale Sale 95 4734 1234 934 10234 1154 67 51 70 66 X Sale Sale 101 Sale 70 Sale 63 K Sale Sale 6X 26 X Sale Sale Sale 27 Sale Sale 1534 58 15X 1834 39 12 Sale Sale Sale Sale Sale 16 X 28 X Sale Sale Sale Sale Sale 85 X LOS Jan. 2 10 Jan. 12 15 31 Jan. 4 25 10J4 Jan. 1654 Jan. 3 15 37 Jan. 4 634 1134 1854 25 11654 Jan. 22 5334 Jan. 4 110 Jan. 2 101 8 4434 10334 111 108 11034 Sale Sale 106 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 17 Sale Sale 104 115X 118 Sale 120 Sale Jan. 117X 117 Jan. 12134 120 Sale 5054 Jan. 4434 36 Sale 45 Sale Sale Sale Sale Sale Sale Sale Sale 3 Jan. 29 Jan. 16 2 Jan. Jan. 25 Jan. 22 % Jan. 22 34 Jan. 18 354 3734 9% X 334 934 Sale X Sale Sale Jan. Jan. 4 15 6 2834 Jan. 1034 Jan. 1554 Jan. 20 29 2 12 Sale Sale 24 Jan. Sale 4 Jan. 30 Sale 3054 Jan. 31 — * 19,400 Munsingwear -—* 23,400 Murphy Co (G C) 5% preferred —100 2.220 10 267,800 Murray Corp of America * 9,000 Myers (F E) & Bros—— 109 Sale Sale Sale 52X 11X 6934 52 Sale 10i!I 50X 69 Sale Sale 51 10 Jan. 6754 Jan. 10934 Jan. 534 Jan. 5054 Jan 22 2 20 6 3 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 8 12134 r Jan. 56 Jan. 4434 Jan 3034 Jan. 1254 Jan. 1654 Jan. 26J4 Jan. 5 Jan 3534" Jan. 1134 Jan. 23 69 Jan. 31 110 Jan. 13 654 Jan. 29 5 Jan. 16 118 Jan. 44 5 454 Jan. 42 1054 134 454 54 X 15 1954 15 10954 Sale 12 X 10 27 Jan. Jan. 10 Jan. 3934 2834 29 Jan. Sale .8 Jan. 49 Sale Jan. Jan. Jan. 8% Jan. 13% Jan. 3334 Jan. Ill Sale 30 12 28 Sale "29 "5834 Jan. "29 26 Sale 68 6 Jan. 5 Sale Sale 88 6 2134 Jan. 1434 Jan. Sale 6X Sale 56 1454 14X 2X Sale 11 3154 634 2554 16J4 Sale 53 4 854 654 56 5834 Jan. 29% Jan Sale 10754 109 26 99 9 67 50 X 43 3 19 40 Sept. 654 Sept. Jan. 8 1 30 51 Jan 2 3 8 3 4 5 8 30 3 6 30 3 11 9 3 2 3 4 15 3 12 3 14 II54 Aug. July Aug. Dec. July Aug. Sept. Apr. Apr. Apr. Apr. Apr. Sept. Sept. 254 Sept. 36 Sept. 854 Aug. 1 Aug. 254 Aug. 54 July 54 Dec. 1054 Apr. 8554 Apr. 110 Sept. 112 Sept. 4034 Apr. 3134 Aug. 2234 Sept. 934 Apr. 10 Apr. 1634 Apr. 334 Aug. 30 Apr. 9 Sept. 50 Apr. 23 13 27 2 ----- 5 6 4 Nov. 22 29 Nov. 22 XgK Nov. 24 16 Oct. Nov. 22 23 234 Sept. 6 554 Sept.13 i?B Mar. 9 Nov, 8 4554 Nov. 4 834 Dec. 30 3 6734 Jan. 3754 Sept. July 5354 Oct. 654 Mar. 3634 Mar. 9 3 105 1534 1754 Jan. 13 10834 Apr. 28 2534 10 Sept. 1 59 Sept. 19 18 11 Apr. 10 Aug. 25 Jan. 1 25 754 Oct. 13 101 14 13 11 27 10 10 June 24 Dec. x45 2534 Jan. 9 Nov. 17 23 Feb. 6 Jan. 3 Aug. z22% Jan. 7% Jan Sale Aug. 1034 Apr. 11 954 Jan. 26 Sale Sale 10X Sale 5 4 335* Oct. Nov. 17 176 4054 Apr. 8 5 2054 Aug. 11 155 4 11 Sale 9X 53 X 18 9 82 2 . Sept. 35 2 135 Aug. 24 8 Sale 20 X June 88 14% Jan. 14X Jan. Sale 27 Jan. 16 3154 Jan. 6 16234 Jan. Jan. Jan. 23 5334 Jan. 3% Jan. Jan. 22 9 2734 Jan. Jan. 31 Sale 40. 2 2 Jan. 98 5 13 8 Jan. 15 4154 Jan. 1034 Jan. 40X Jan. 13 Jan. 3534 Jan. 7% Jan. 36% Jan. 28X 16134 50% 3X 3% 27 26X 100 Sale 6 110 4 16 Sale Jan. 4 5 IIM Jan. 5 = 19 2 Dec 17 6 .Mar, 31 ,2154 July. 22 Jan. 5 3834 Sept. 5 62 2 634 Sept.11 Aug. 11 1634 Sept. 12 2234 Mar. 9 18 3 Jan. 29 10934 July 28 Jan. Sale 12 124 Jan. Sale 20 3 14% Jan. 1434 Jan. 1534 Jan. 134 Jan. 4% Jan 3% Jan. Sale 19 3 28 Mar. 13 1834 Sept. 27 27 i?* 8 2454 Feb. Sept.,16 15934 June 4 2034 Mar. 1554 Jan. 67 8 Sept. 3634 Apr. Jan. 27 Sale 10 Sept. 5 4334 Aug. 14 3 3 10954 Aug. 180 May 26 19 Nov. 13 Sept. 27 29 Jan. 23 5 Nov. 18 Mar. 13 Mar. 13 24 13434 Jan. 9 Jan. 138 Jan. Sale Sale 9 12 15 18 Oct. 11 Mar. 8 Mar. 16 1934 Apr. Jan. Sale IX 11 Sept. 15 Apr. 10 105 Jan. 29 16 2754 1354 3254 5654 10 30 35 July Sept. 11 1 10 10 Jan. 16 20 20 9 10 Jan. 34% Jan. 133 24 1 91,400 Mueller Brass Co 112.400 Mull ins Mfg Corp class B——1 $7 conv preferred * 12,290 For footnotes see page -Jan. Jan. Mar. Sept. 26 10834 Aug. Aug. 1334 June 2954 Dec 3034 Sept. 10154 Sept. Jan. Jan. Jan. Dec. 29 118 1 654 Sept. 27 3 334 Sept. 11 9534 Sept. 26 Jan.-. 31 Jan. 2 28 Sale 25 10 7 Sale 3754 1 Jan. Sale 7 ■AH Sale 8 Jan. Sale Sale 2954 July 24 54 2954 Oct. 24 2054 Aug. 24 3134 Apr. 11 27X Jan. 11% Jan. 3334 Jan. 2% Jan. 6% Jan. 14 X . 8 152 15 Sale 15X 265 Aug. 1 534 Jan. 16 1 Jan. Jan. Jan. Jan. Jan. 19 Oct. 26 95 Jan. Sept. 11 Apr. Jan. Jan. Dec. 30 4 30 J 27 334 Apr. Jan. Jan. Jan 38 1334 2334 1834 554 Jan. 112 Jan. Jan. 4634 Sept. 11 Sept. 11 16; Jan. 14 234 Sept. 34 May 134 Apr. 20 Sept. 954 Apr. 23 Apr. 3634 Apr. 434 Apr. 33 Sept. 2854 Jan. 3051 Jan. 1254 Jan. 3554 Jan. 334 Jan. 654 Jan. 3054 Jan. 3034 Jan. 12X 8 11 8 11 10 8 29 13 11 7 Apr. 1234 Sept. 25 17 • Sale ^Missouri Pacific Convertible preferred 2 100 Mohawk Carpet Mills.--—20 17 Monsanto Chemical Wks_.—10 111 $4-50 preferred —* 115 Preferred series B * * 1,791,100 Montgomery Ward & Co * 8,200 Morrell (J) &Co—— ---50 15,410 Morris & Essex 141,600 Motor Products..-———.5 107.400 Motor Wheel Sale 140 Sale Sale 5 5 11 17 Jan. 42 X Jan. 3X Sale Sale 31 Jan. 4 Jan 154 J an 3 Sale 35X Sale McCrory Stores --1 6% conv preferred .-100 McGraw Electric Co —1 McGraw Hill Publ Co—-—* Mclntyre Porcupine Mines—-6 McKeesport Tin Plate—-—.10 McLellan Stores Co—-—--1 6% conv preferred 100 Mead Corp * 31 115 Sale 100 10 * * * * 4,900 15 25 13 1234 Jan. 12 27 2654 Jan. 18 29 48 54 48 X Jan. 15 5354 Sale 754 634 Jan. 12 42 K 2 4234 41X Jan. Sale 105% Jan. 15 108 Sale 2 10854 10654 Jan. Sale 175 Jan- 31 17854 20 4 19 Jan. 2034 25 Jan. 22 25X 2934 Sale 36% Jan. 18 Sale 2 11% Jan. Sale 2 1534 Jan. Sale 28% Jan. 15 Sale 3354 Jan. 15 Sale 8 24 2354 Jan. 3X Sale iii xP Q17^ Sale 20 3 454 Jan. Jan. Sale Works—--* $6 1st preferred McCall Corp Jan. Jan. Jan. Jan. Jan. 1234 Sale 1 34 Sale 534 Sale 7 Sale 12 54 Sale 36 Sale 554 Sale 57 X Sale 7 % preferred May Department Stores Maytag Co (The) $3 preferred 2 1854 Jan. 1654 534 3554 2334 5 134 X Sale — Mathieson Alkali 2 Apr. 854 Apr. Apr. 154 Apr. 1234 Apr. 20 Apr. 354 Dec. 2354 Sept. 2034 Apr. 3 2934 Jan. 2934 Jan. 934 Jan. 13 28 3 24 Jan 31% 2154 10934 334 5X 32X Sale 17,400 MacAndrews & Forbes Co.-10 520 6% preferred 100 * 303.900 Mack Truck Inc 283,000 Macy (R H) Co Inc.. * 38.800 Madison Square Garden -* 58,800 Magma Copper ...-10 1 216,200 Manati Sugar Co------* 9,500 Mandel Bros 16,290 JManhafn Ry Co 7% guar. 100 90 7% gtd certifs of deposits Modified 5% guaranteed 100 357,200 Certificates of deposit -26,600 —25 20,000 Manhattan Shirt 53,000 Maracaibo Oil Explor———-1 416,000 Marine Midland Corp.-T----5 17,470 Market Street Ry prior pref 100 —-* 518,600 Marshall Field & Co 1 1,778,400 Martin (Glenn L) Co— —* 120,500 Martin Parry Corp —* 97,100 Masonite Corp--179,200 1,200 103,800 50,600 15,000 2,320 69,200 354,600 3834 Jan 1434 Jan. 39 Jan. 254 Jan. Sale J'A 32 22 X 22X 114X 110X Sale 3X Sale Sale Sale Highest Sale Prices 2534 Jan. 19 Sale — 4% 28% Lowest Sale Prices 31 26 Sale Series B Sale , Jan. 32 Sale Glass 2% Sale Jan. Jan. 2% Jan. 2554 Jan. 24X Jan. 28 X Jan. 118 Sale Lehigh Portland Cement— -25 4% convpreferred-100 Lehigh Valley.-50 Lehigh Valley Coal— -* 6% convpreferred---—-50 Lehman Corp. (The) _ _ 1 Lehn & Fink ProductJ Corp—5 Lerner Stores Corp * Lima Locomotive 13 % 35 Sale Libby McNeill & Libby Life Savers Corp Highest 2854 Sale * * -5 Lane Bryant-Lee Rubber & Tire Preferred Sale Sale 28 100 Liggett & Myers Tob Sale M P .-—-100 Lib bey-Owens-Ford 1939 Sale Prices Lowest Sale Prices 35 Jan, 15 35% ' 5% preferred Lambert Co (The). Ask 35 13 X Kennecott Copper Keystone Steel & Wire Co "II* ♦ Kimberly-ClarkIIIi Kinney (G 14) * $5 prior preferred :iio Kresge (S S) Co _.i Kresge Department Stores. * Kress (S 11) & Co Kroger Grocery & Baking Laclede Gas Light YEAR 1939 1939 2,047,500 RANGE FOR PRICES IN JANUARY Price Jan. 3 9 Nov. 20 18 Dec 14 Jan. Jan. 15 5 Sept. 12 Oct. Nov. 26 8 23 6 73 28 63 26 3054 Dec. 30 7 24 2 8 10 10 8 o §8 Sept. 26 Nov. 2 Nov. 10 Jan. 40 Dec. 11 12034 Nov. 11 8534 Jan. 25 114 1 1 3 9 2834 Jan. 2134 Sept. 27 4 3934 Jan. Sept. 5 Sept. 5 bIh 19 4 4 July 25 Jan. 3 Mar. 10 21 Jan. 5 24 Jan. 4 24 Jan. 5 8 20 Vti Sept. 27 234 Sept. 27 21 11 Oct. 25 10 11454 Sept.11 7 121 May 5 7 12234 May 24 Oct. 26 47 Sept. 11 11 28 1 10 Mar. 13 Jan. 5 10 17H Oct. 26 11 30 24 8 1 4434 1454 8 7034 105 Sept. 25 11134 4 Aug. 24 4334 Sept. 2 Jan. 3 Jan. 3 Mar. 13 Sept. 22 Dec. 27 Nov. 21 Jan. 5 Dec. 5 FEB., 1940] N. Y. STOCK AGGREGATE SALES In January; 600 1,800 600 800 13,800 4,500 35,900 750 690 5,100 3,300 20,300 1,800 24,500 400 26,500 500 660 8,900 24,900 14,600 17,100 2,610 2,600 200 2,300 2,200 600 300 1,300 140 13,000 4,300 135,900 5,200 12,900 3,200 500 400 60 459",300 ^ - 84,600 3,826.100 188,100 411,300 165,000 46,120 26,770 1,630 50 """210 1,820 223,900 136,300 29,000 252,800 5,290 2,700 52,800 4,830 10,300 9,400 1,200 28,300 680 800 3,900 180 92,200 2,100 3,800 108,100 100 40,900 1,200 660 5,900 20 1,047,700 21,300 3,410 225,800 2,330 706,700 168,500 253,100 3,750 30,300 288,600 2,490 527,200 11,800 13,800 1,010 570 1.200 11,200 280 15,300 100 2,100 40 18,400 1,400 16,800 6,200 5,500 540 100 10,000 3,000 67,200 37.600 1,600 5,100 1,200 90 63,200 1,600 4,500 400 11,000 9,200 19,500 1,200 30,100 7,200 3,900 17,400 4,800 2,800 300 500 100 111,600 300 3,400 600 1,100 1,810 3,920 300 6,100 14.000 39,100 5,700 1,000 7,900 Sale 21 15 National Biscuit 10 7 % preferred 100 Nat Bond & Investment Co__* 170 5% pref series A Sale Sale 153^ 100 100 National Bond & Share Corp.* National Cash Register * National Cylinder Gas Co 1 24 Sale Corp * "13% Sale' 7% preferred class A—..100 115% 7% preferred class JB 100 110 Sale National Dept Stores •*-* 7% Sale 6% preferred 10 4% 5% National Distillers Products—* 27% Sale Nat Enamel & Stamping * 18 20% National Gypsum Co 1 16% Sale $4.50 conv preferred * National Dairy Prod National Lead 10 - National Power & Light:— 4 %% Sale Sale New York Central * Sale N Y Chicago & St Louis..-100 Sale 6% preferred series A 100 City Omnibus Corp.——* New York Dock -—100 Sale 18,880 11,370 21,480 18,800 347,600 106,100 98,600 5,460 2,640 18,600 52,800 1,404,400 260,700 8,800 228,300 17,900 1,060 1,461,400 28,600 137,000 6,300 299,300 100,400 59,200 39,800 727,500 159,800 24,400 232.300 35,900 112,400 25,600 17,600 Sale- AA -.100 10% preferred N Y Lack & West Sale 50 115 123 50 Ry Co—100 57% JN Y N H & Hartford 100 Convertible preferred 100 tN Y Ontario & Western.-100 N Y Shipbuilding pt stock 1 7 % preferred.. 100 Noblitt-Sparks Indus Inc 5 100 100 10 Norfolk & Western Preferred 50 50 - Northern Pacific 1 50 100 North States Pow Co $5 pref.* Northwestern Telegraph 50 Nor walk Tire & Rubber.... _♦ Preferred .—60 ... Ohio Oil Co (The) Oliver Farm Equipment.— Omnibus Corp 100 * * Otis Elevator 100 6% preferredOtis Steel * conv 1st preferred * 5 Outboard Marine & Mfg.. Outlet Co * Pacific Coast 1st 2d preferred preferred 10 ..... * Corp (Calif). 10 Pacific Finance Pacific Gas & Electric Pacific Lighting Corp 25 Sale* * 56% 82 27 33 Sale 32% 35% 4% 9% 17% 105 Sale Sale Sale 106 8% Sale 26% Sale 130% 142 14% Sale 51% 52% 21% 22% 40% 45% 114% 70 Sale 6 % Sale Penn Glass Sand 121% 148% Sale Peoria & 31 4 96 15 27 Jan. 4 8 jan. 27 22 8% Jan. 73% Jan. 9% Jan. 3 15 113% Jan. 4 8% Sale 65% Sale 8% Sale 63% Jan. 8% Jan. 19 3 4 Jan. 24 42% Jan. 4 3% Jan. 9% 25% 3% Jan. 9% Jan. 17 19 10 Jan. 12 10% Jan. 25% Jan. 29 24 83 85 83 Jan. 26 85 Jan. 31 3 110 110 50 "52% Sale 1% Sale 13% Sale % 92 94 32 54 51% % Sale 1% Sale % % 14 92% 27% 5 42% Sale 213 111% 113% 111% Jan. 21% Jan. 21% Sale 215 Jan. 44% 15* Jan. 9 97 Jan. 10 15 30% Jan. 9 22 219 Jan. 3 4 113 Jan. 26 8 56% Sale 24% Sale 56% Jan. 22% Jan. 26 58 Jan. 10 15 26% Jan. 3 89 88 Jan. 22 4 42 10 27% 128 150 7 6% 23% 12% Sale Sale Sale 132 Sale 57 Sale 44% 4 Jan. 42% Jan. Sale Sale^ Sale 7% Sale Sale 9% Sale Sale Sale Sale Sale 3% Sale 23 25 13 16% 118% 23* Sale" 37 37 Sale 100 ...100 100 33 Sale 100 27 Sale 3% 11% 20% 8 6 12% 11% 34 47% 13% 130% 22% 8% 6% 6% 40% Sale 43 31 12 5% Jan. 42% Jan. 3 12 2 7% Jan. 3 44 83 % 3 20 22 Jan. 4 13 14% Jan. 8 22 105 Jan. 4 24 5% Jan. 18 18% Jan. 4 4 10 Jan. 41 5 55 11 41 19 29% Jan. 55 22 55 Jan, 22 17 120 Jan. 17 6 Jan. Jan. Sale 23 Sale AA Sale Sale Sale Sale 3 Jan. 26% Jan. 20 15 2 12 Jan. 11 4 64% Jan. 6% Jan. 10 6 6% Jan. Jan. 17 Jan. 18 16 12% Jan. 4 Jan. 4 15 34% Jan. 3 11 Jan. 32% Jan. 47% Jan. Jan. 31 23 130% Jan. 16 12 152% 152 6% 6% Sale Sale 7% 3% 3* Sale 17 17% Sale 7 6% aa Sale % Jan. 30 Jan. 12 Jan. 13 16 Jan. Jan. 12 50 Jan. 12 1 16% Jan. 132% Jan. 9 Jan. 4 154 Jan. Jan. 41% Jan. 23 7% 8% 3% 20% 7% 24 Jan. Jan. 4 4 2 Jan. Jan. Jan. 3 3 1 Jan. 10 2 12 42 Jan. 4 101% Jan. 25 95 7 101 100 Jan. 18 Sale 7 Jan. 15 8% Jan. 4 83% 90 Sale 85 Jan. 2 87% Jan. 9% Jan. 4 18 17 17 Jan. 9 5 9 17 1% 43% 21% 1% 10% 5% 55% 89% 3 21* i!3o* 21% 36 35 Sale 8% Jan. 18 Jan. 9 1% Jan. 23 Sale 43 Jan. 22 Sale 18 Jan. 15 22 3 Jan. 17 Sale 17 1% Jan. 4 Sale 11 10% Jan. 30 Sale 13 1% Jan. 9% Jan. 5% Jan. Sale 55% Jan. Sale 89% Jan. Sale 2% Jan. Sale 3% Jan. 24 23% Jan. 13% Jan. 14% 118% Jan. Sale' 21% Jan. Sale 34% Jan. 36 35% Jan. 70 Apr. Jan. 82 3% Jan. 5 Sale 40 Jan. 20 74% Jan. % Jan. 26 Sale 24 15 22 Jan. 21 Jan. 14 7% Jan. 6% Jan. 35% Jan. 30 15 11 13 3 15% Sept.11 3 59% Aug. Aug. 1 1 Nov. 4 59 ,29% 8 Apr. Aug. 24 50 3 2% Apr. 10 ?7% lty Mar. 14 34 52 7 3 132 9 29 13 5 11% Jan. 3 4% Jan. 19% Dec. 29 Dec. June Apr. 9% Sept. 8% Sept. 12 2 Sept. 11 4 60% Jan. Apr. Sept. 92 Sept. Sept. 72 Sept. 7% Sept. 14% Sept. Apr. Apr. Apr. Aug. 5% Apr. 35** 104 Feb. 14% Jan. 107% Jan. 13% Jan. 26 Jan. 14 4 4 5 5 Sept. 6 Sept. 11 21 Sept. 25 2% Feb. 25 July 27 13% 11% 59% 94% *5% Dec. Apr. Apr. % Apr. 15 June 1.56% July Dec. 5 Sept. 27 Mar. 10 ~ Oct. 10 21% Sept.15 9% Apr. Apr. 128 Sept. 6% Dec. 114 17 Mar. Dec. 1 29 Aug. 2 Sept. 12 Sept. 15 Mar. Dec. 8 23 Mar. 15 27% Sept. 27 39% July 18 Oct. 23 45 Aug. 24 Feb. 11 Nov. 13 27% Apr. 41 Apr. 4 Jan. 3 Sept. 13 Nov. 13 27 2 Jan. 153 12! 33 4 6 25* June 30 June 29 8 9% Apr. 124 31 Jan. 30 120% June 4 8 3 2 5 25 Nov. 4 14 5 2% Aug. 17% Aug. 11% Sept. 8% Jan. 8% Jan. 40% Jan. Dec. Oct. Aug. 5 4 Jan. 10% Sept. Jan. Jan. Jan. Jan. Jan. 9 Nov. 10 89 12 20% Mar. 3 Sept. 5 100% Sent. 23 113% May 25 4 8% Jan. 4% Aug. 21 3 15% Sept. 1 27% Jan. 2 148% July 26 128 Oct. Sept.11 7% Apr. 10 16 33 July 11 55% Sept.13 26% Dec. 29 16% Apr. 10 Dec. 28 54 40% Jan. 24 Dec. 1 114% Jan. 26 120 8 3 8 1% Sept.26 3 Jan. Jan. Jan. Jan. 21 % Jan. 1 7 5% Sept.27 1% Sept. 12 17 Sept. 13 7 94% Dec. 33% Dec. 11 Jan. 4% 12% 36% 28% 47 85 43% Feb. 25 10% Sept. 11 June 30 Aug. 14 14% Sept. 1 4 Jan. 8 6 4% Jan. 3% Jan. 76% % 10 Sept. 14 Sept, 21 23% Sept. 27 25% Sept. 27 45% Sept. 27 14% Sept. 13 113 40 1 29 Sept. 6% 2% Apr. 10 1 44% 32% Apr. 7 74 3 Feb. June Aug. 21 July 27 June 22 11* 62 100 48 16% 5 118% 15 24% 12 36% 38% 4 3 Jan. 52% Sept. 7 50% Sept. 6 12% Apr. 11 2 30% Jan. 27% Jan. Nov. 20 25 217 June 14 103% Sept. 8 113 18% Apr. 11 26% Feb. 27 5 24 10 Nov. 16 118% Mar. Mar. May 16 120 Mar. 62 8 31% Dec. 21 Jan. 25 4 Jan. July 168 Jan. 2 Apr. 11 Apr. 28 1 Sept. Apr. 10 Apr. -8 8 Apr. May 20 1 July j»8 62% Jan. 22 Jan. Mar. 10 8 106 % Dec. 28 1% Dec. 27 May 23 June 30 95 35% 79 47 31 23 Nov. 28 May 1 Sept. 13 Jan. 5 Sept. 26 Aug. 3 Jan. 5 Mar. 27 Oct. 26 Feb. 17 16% Jan. 8% Sept. 15 11% 29% 18% Apr. 11 87% 73% Mar. 14 32 Apr. 8 42 105% Sept. 19 112% 31 7 17 4 Sept. 25 173% Aug. Feb. 6 11 145 35% Sept. 27 11 Aug. 15 8 10 82 Sept. 11 52 July 1 3 5% Aug. 24 15% Jan. 20 Jan. 10 Apr. 8 33% July 7 59% Jan. 50% Apr. 41 Dec. 6 5% Oct. 2% Apr. 11 2 4% 12 Sale Sale Sale Sale Sale Sale 3% 10%. 30% 22% 21% 7% 8% 4 2% Jan. 44% Jan. Jan. Oct. 4 10% Jan. 44 4% 12% 81% % 3 16 40 Sale 120 Jan. 114% 120 59% Jan. 62% Sale 5% Jan. 5% 6% 22 9% Jan. 17 112% Jan. 30 34% Jan. Sale 42 18 Sale Sale 2% 51 89 3 11 143 Jan. 24 12% Jan. 150 "7% 11 15 Jan. 34 Sale Jan. 25 59 Sale 12 4 23% Jan. 43 Sale 55 51% 116% 120 Sale 3 Jan. 30 40 Sale Jan. 2* 22 27 62% 5% 9 Jan. Sale 6% Sale 6% Jan. 6% Sale 18% Jan. 20% Sale 19* Sale Sale 13_ Jan. 13% Sale Sale 105 103% Sale 103% Jan. 5 Jan. 5 6% 5% AM 16% Jan. 17% Sale 17% Sale 140 Jan. Sale 143 rl47% Sale 6% Sale 61 59% % 208 53% Jan. 30 5 95 29 Sale 2 23 18 1J8 Sale Jan. Jan. Jan. 13% Jan. 92 Jan. 28% Jan. Jan. 19% * Corp v t c..» 95 28% 5 Sale 8% Sale 7% Jan. 111 Jan. 111% 111% Sale 34% Sale 33% 34% 33% Jan. 44* .10 * Sale 52% Jan. 4 Mar. 11 14% Apr. 6% Apr. 119 n5* it* 10 Sept. 5 17% June 30 41 Jan. 16 40% 41% 40 41% Jan. 25 .4 111% 109% Sale 108% Jan. 17 110 Jan. 72% 72% 72% Jan.' 29 73% Jan. 27 "12% S~a"le" 11% 12 " Jan.118 13%" Jan. ^■3* "TO 44 Jan. 22 49% 50% 43 3 50 Jan. 27 16 Sale_ 15% Jan. 22 18% Jan. 3 18% Sale 11% Sale 20 16% Jan. 22 21 % Jan. 4 17% Sale 10% 38% Sale 31% Sale 30% Jan. 23 39 3 Jan. 18% 32 Jan. 12 "33 32% 32% 32% Sale 3 Jan. 30 5 4% 3 3% 4% 3% Jan. 12 5% Jan. 1% 7% 5 6% 6% Sale 6% Jan. 31 7% Jan. 4% 110 % 111% 115 110 107 Jan. 9 110% Jan. 13 106 85 Co.* 1 83 132 42 Sale 2.50 8% Sept. Nov. 152 9 Sale 15 Sept. 1 Sept. 13 28% Oct. 5 175 Apr. 26 17% 95% 87 Sept. 19 17% Apr. 25 23% 14% Dec. 18 26% 16 £8% July 7 18% 12% Jan. 13 110 Sept. 18 117% 107 Sept. 1 114 8% 4% Apr. 11 6% 4% Jan. 13 20% Sept. 1 28% 18% 10% Sept. 1 29 2 Sale 9% Jan. 20 26% Nov. 17 18% Sept. 27 7% 21 % 147% 10% 31 2 42 40% 98% 100 Petroleum Corp Pfeiffer Brewing For footnote* a** page 40. Jan. 5 3 Jan. 3 * .-5 Co * Phelps Dodge 25 Philadelphia Co pref 6%-. 50 $6 preferred-.. .♦ Philadelphia & Reading C & I_* 6 Jan. Jan. 7 * Eastern Marquette Prior preferred Preferred Pet Milk 9 15% Jan. 12% Jan. 41 19% 6% $7 conv preferred ......* 50 1,817,000 Pennsylvania RR Co .* 13,100 People's Drug Stores Inc People's Gas Light & Coke. 100 88,300 Pere Jan. 19 1%M 11% 33% 48% 14% 13 Sale 540 9,000 "25,600 28,210 39,475 7,800 102,500 45,700 853,300 31,100 4,500 290,500 25 19 10% Jan. 93% Jan. 19% Jan. 39 12 29 Penney (J C) Co Penn Coal & Coke 15 Jan. 13 6% 22% 1 Penn-Dixie Cement-. $7 conv pref series A Jan. Jan. 13 40% Sale 41 41% 3% Sale 9% 9% 23% 24 3% Sale 15% Sale 6 6% 1 Penick & Ford 6 23 Jan. 89 .1 Patino Mines & Ent Cons 30 114 Jan. 13 6% Jan. 2 6 Jan. Jan. 87 Sale 14 J* Sale 102% 102% 100 Parmelee Transportation Pathe Film Corp 8 Jan. 26 "15% Sale 100 10 Parker Rust Proof Co 25 3 22 58 Sale * Tilford 15 31 144 57 5 Park Utah Cons Mines Parke Davis & Co 15 30 31 17% Jan. 94% Jan. 20% Jan. 16% Jan. 12% Jan. 17% Jan. 116% Jan. Sale Sale 1 Park & 15 Sale m% Sale * 1st preferred 2d preferred 4 17 22 58 5 4% conv preferred.. 24 20 148 22% 10 Paramount Pictures Jan. 21% Jan. 12 173% Jan. 2 148% Jan. 111 57% Sale Ref Jan. 14 24 % J an, Jan. 24 167 170 110 Sale Sale Paraffine Cos Inc Sale 5% 16 2 1 Aug. 23 7% Aug. 24 19% Sale 173% Sale 217 14 Panhandle Prod & 96 Sale 43 Pan American Airways Corp Pan Amer Pet & Trans Sale 5% 6% 23% Sale 12% 14 10% Sale 56% 193 108 23 121 Packard Motor Car Sale Sale 6 Sale * Pacific Western Oil Sale 31% 89 % ..100 6% preferred 100 Pacific Tin Consol Corp 1 Pacific Mills Pacific Telep & Teleg Jan. 16 Jan. 92% Jan. 5% Sept. 14 47 Sale Sale Sale 28 6 (The) 8% pref series A Oppenheim Collins & Co $5.50 * Sale Jan. 165 15 7 % Jan. 22% Jan. 16% Jan. up N Y New York & Harlem Sale 170 30 13 40% New York Air Brake.--.-—* 5% preferred 19% Jan. 13% Jan. 11% Jan. Sale n» * preferred series A Highest Sale Prices Sale 9% 100 ,_10 Newport Industries Inc.-.-.—1 5% Lowest Sale Prices 41 llH * —* 1 Newberry Co (J J) Sale Highest Sale Prices 39 serial pref—100 conv 13% l\'A 9 - Sale Sale Sale 96 72 National Tea Co "6% 12% 25 151,700 . 6 24% of Pa—10 $2 conv. preferred 40 5%% prior preferred 100 6% prior preferred --100 Neisner Bros Inc 13 24% Lowest Sale Prices 2 .6% Jan. Sale 19 Jan. 19% 15 Jan. Sale Sale 10% Jan. 11% 16% Jan. Sale 110% Jan. 109% Sale 109% Jan. 113 6% Sale 14% Sale 17% 94% 94% 19% 1?% 18% 15% 15% Sale 16% 12% Sale 16% Sale 10% 115% 116% 111% 91 Ask 6% Sale 20 165 27 '25% 8% Sale * National Supply Co Natomas Co 172 16 166% 172 Sale 144 100 National Steel 22% 15% 13% Sale 22% Sale 165 15 20 100 7% preferred A 6 % preferred B Nat Mall & Steel Cast Co 90 24.900 220 Sale Sale Preferred 100 229,392 Owens-Illinois Glass Co..12.50 Pacific Airier Fisheries Inc.--5 10 Sale 6% 5 2,553,900 North American Aviation.. 1,680 Northern Central-. 6,100 6,000 340 Nash-Kelvinator Corp Jan. 31 Ask Bid Bid Nashville Chatt & St Louis. 100 National Acme -.1 National Aviation Corp 5 1,835,200 North American Co Preferred 6% series 55,000 Preferred 5%% series 64,600 40,600 270 Jan. 2 Ask Newmont Mining Corp 300 YEAR 1939 1939 Par 831,400 15,810 214,900 228,900 659,700 12,600 30,900 4,000 16,400 296,500 96,200 936,500 3,230 11,800 94,100 25.300 351,600 11,100 687,900 9,400 434,500 7,110 6,850 143,000 750,200 260,800 319,500 53,100 18,890 1,220 103,300 51,400 25,700 1,300 15,900 1,730 8,300 9,800 41,900 RANGE FOR Jan. 3 N. Y. STOCK EXCHANGE Shares Shares 78,500 1,890 PRICES IN JANUARY Price STOCKS 12 Months 1939 37 EXCHANGE-STOCKS 30% Apr. 18 5% Sept. 27 19% Sept. 27 Sept. 26 40 Sept. 26 25 Sept. 12 6% Sept. 1 5% Apr. 10 28% Apr. 11 36 Apr. 8 10% Sept. 5 8% Mar. 14 47% Sept. 12 48% Aug. 1 75 91 2 May 10 8 8 1 7% Apr. 21 Apr. 13% Sept. 17 Jan. 45 ' Jan. 4 % Jan. 4 Jan. % July 7 29 Aug. 3 1% Sept. 11 N. Y. STOCK EXCHANGE-STOCKS 1939 63" 21, 56, Bid Ask 94 % Philip Morris & Co 10 5% conv pref series A—100 142 % 6 Phillips Jones Corp * 30% Preferred 100 Phillips Petroleum * 43% 2% Phoenix Hosiery 5 36 Preferred 100 7% Pierce Oil 8% conv pref 100 24% Pillsbury Flour Mills -25 40 Pirelli Co of Italy Am sharesPitts C C & St L RR Co 100 - 100 6% preferred 20 Corp Pitts Coke & Iron Sale Sale 50 Sale 3% Sale 8 * 90% 135 26% 44% 46 5% Sale 7% 8% 39% 8" ' 7% guaranteed pref..___ 100 166 169 167 Sale 4% Sale Sale 55 60, 111, 105, 16, 199, 24, 18, 710, 34, 18, 251, 16, 397, 35, 19, 12, 9, Pittsburgh Steel Co * 7% preferred class B 100 5% preferred class A 100 5% % 1st ser conv pr pf--100 Pittsb & West Virginia 100 Pitts Y & Ash Ry Co 7 % pf-100 90, 286, 37, 109, 35, 116, 19, 18, 16, Pond Creek * MPM Co. --* Pure Oil 6% preferred 100 5% conv preferred 100 Purity Bakeries * Quaker State Oil Rfg Corp. .10 Radio Corp of America * $5 preferred B * $3.50 conv 1st pref— * JRadio-Keith-Orpheum Corp.* Raybestos-Manhattan * Rayonier Inc 1 $2 preferred 25 Reading Co 50 1st preferred 50 2d preferred 50 Real Silk Hosiery.. 5 100 — (Robt) & Co 1st pref ..100 Reliable Stores Corp * Reliance Mfg Co 10 Remington-Rand. 1 Reis iReo Motor Car — 25 w Rensselaer & Sara RR Co..100 49 48 Jan. Jan. 107% 111% 110 4% Jan. 5% 7% 13 5 Jan 21 Jan. 29 27 Jan 4 Sale 7% Jan. Jan. 70 18 Jain 18 Jan 5 172% Jan 15 8% Jan 72' 70 15% Jan 4 11 % Jan 21% Jan 11 36 Jan. 65% Jan. 2 22% Sale 32% Sale Sale 104 112 130 135 125 141 150 152 161 114% 115% 14% % Sale 21 20% 14 12% 10% Sale 1 % % 11% Sale 12% 11% 44% 35 Sale 13% Sale Sale c Sale Sale 114% 120 38% Sale 11% Sale 9 118 30 86 Sale 87 81% 13% Sale Sale si* 78% 77% 14H Sale 88 2 13 15 8 Sale Sale 0 100 Sale 100% 7 2% Sale 0 Sale Sale 7 3% Sale 8% Sale 5% Sale 0% Sale 4% Sale 1 51% 7% 10% 9% 10% 0% 12 6% Sale 4% 78 7 69% 60% Sale 1% Sale 19% 20% 18% Sale 28 28% 16% Sale 25* * * Corp 9 11 — Steel Corp $5 conv preferred Sharp & Dohme Conv preferred series A Shattuck (Frank G) Sheaffer (W A) Pen Co Shell Union Oil Sharon — Conv preferred King Coalition __* ,* * * * * * 100 5 * Skelly Oil Co 10 .* 15 6% preferred 100 Sloss-Sheffield Steel & Iron. 100 $6 preferred Smith (A O) Corp Smith & Corona Typewr Snider Packing. * 10 * Socony Vacuum Oil Co Inc..15 South Amer Gold & Plat Greyhound L Sugar 1 5 * 100 Sale Sale 1 « 1^ 50 Sale 8% Sale 5 5 6 % Sale Sale Jan 19 12 Jan 68% Jan 22 10% Jan 53% Jan 69 Jan 2 10% 51% 64 1% 51% 9% 87% 7% 39% 52% 7% 7% 12 19 1 41% % 2* 114 20% IV* 70 % 4% 8 114 12 12% Sale , 9% 50 6% 37% 12% 105% 6% 22% 2% 0 Sale 112 0% 103 8% Sale 6% Sale 4% Sale 3% Sale 2% Sale 20% 50 Sale 66 70 Sale 15 3% Jan 31 4 40 7 Dec. 3 9 Apr. 3 9% Dec. Mar. 15 Oct. 31 Sept. 11 Sept. 23 11% 16% 48% 25% 40% 20% Aug. 5 Sept. 12 Sept. 12 Oct. Oct. Dec. 149 6 6 Sept. 15 Sept. 27 2% Sept. Sept. 17 Sept. 16% Sept. 2% Jan. % Jan. 16% Sept. 16% Sept. 49 Sept. 24 12 11 11 22 22 6 17 27 22 27 Dec. 30 66 143 166 Feb. 27 3 7 2 1 June 29 Aug. Aug. Aug. Aug. c Sale 55 Sale 28% Jan. 5 Jan 2 Jan. 15 78% Jan 15 50 Jan. 27 53 Jan 7% 6% 7% 12% 19% 1% 10% 18% 12 Sale Sale 38% Sale % 2% 5% 2* Sale Sale Sale 2% 4 Sale 47% 22 23 1% Jan 23% Jan 92% Jan 23 76 Jan 3 Jan. 23 14% Jan 3 Sale 12 3 12% Jan 8 June 14% Jan. Jan. 4 94 Jan 10 Jan. 87 Apr. Sept. July 11% Jan. 5 45 Jan. 4 58 Jan. 10% Jan. 7 7 23 Jan. JanJan. Jan. Jan. Jan. 18% Jan. 6% 39% 52% 7% 6% 10% Sale Sale 60 52% Sale Sale Sale 1* 18% 1% 83% 15% 12% 52% 4% 50 7 37% 11% 7 Sale 2% 24 Sale 2% 22 Sale 20 16% Sale 10% Sale 20% 20% 12% Sale 2% Sale 15% Sale 7 25 25% Jan 3 Apr. Jan Jan Jan Jan 3 42 Jan 3 May Sept. Sept. Apr. Apr. % Jan % Jan 2% Jan 2 Aug. May May Apr. 25 15 Jan. 30 9 15 Sale 18% Sale Sale Sale 13% Jan. 113 3 19 1 29 6 4 9 4 51% Sale 38 Sale Sale 2% 23 Sale Sale 2% Sale 14% 24% Sale Sale Sale 15% 5 Sept. 13 3 23 Jan. 29 Jan. 113 Oct. 22 Jan. 29 Apr. Aug. Sept. Apr. Apr. Sept. Sept. 116% 23 17% 76% Sept. 22 Mar. 9 15 23 23 11 13% Jan 76% Jan % Jan 6% Jan 23 49 3 8 11 31 2 27 Jan 4 23 115% Jan 11 Jan. Jan. Jan. Jan. 31 4% 50% 6% 36% 11 % Jan. Jan. Jan. Jan. 30 19 Jan. 15 Jan 87 15 54 Jan 3 20 6 8 10 Jan. Jan 5% Jan Jan. 7 10% Jan. 25 52% July 31 117% May 29 5 3% Jan. 16% Jan 15 Jan 16 Aug. 21 18% Jan. 2% Jan 15 June 1 Sept. 13 3% Sept. 27 24% Sept. 12 % Jan 1% Jan 20 85% 11 9 Nov. Sept. 14 7% Sept. 11 Oct. 30 54 7% Jan 9 11 Feb. Jan 22 38 13% Jan 15 106% Jan 16 6% Jan 4 17 8 107 10 Aug. 29 Sept. 9 Nov. 20 Sept. 11 13 11 38 Jan. Jan. Jan. Jan. Jan. Jan 3 2% Jan 19 22% Jan 15 22% Jan 3 103% Jan 10 Jan. 30 112 Jan. 29 112% Jan 25 17% Jan 15 24 8 2 Jan Jan Jan Jan Jan Jan 12 4 31 2 7 3 4 Jan. 19 15% Jan. 22% Jan. 144% Jan. 22 11% 22% 12% 2% 16% 16 26 Jan 8 6 149 Jan 26 2 Sept. Jan. Jan Jan 1% 80% 14% 12% Jan. Jan. Jan. Jan. 6 4 4 Jan 2 15% 10% 19% 11% Sept. Jan. 2% Nov. Jan 15 Ill 15% Sale iT& 34 2 107 10 114 12 111 10% 22% 11% Oct. 30 115 Jan. 109 6 4 Dec. 29 6 Sept. 14 6% Sept. 11 51% Nov. 20 109 Aug. 3 Jan. 105 Sept. 9 % Jan. Jan. Jan. 56 24 1 6 Sept. 16 Jan 18 21% 2% 21% 19% 99% 273 5 5 84 Jan 4 48% 60 Sale 20% Jan. 40% Jan. June 3 20 Jan. 108 148 8% 7% 11% 20% 1% 23 2 104 15 20 44% Jan. Sale 6% Sale 22 3 41% Jan 52% Jan 15 107% 106% 107% 105 Sale 7% Jan 2 36% Jan. % Jan. % Jan. 105 19% 2% 18 23 , 114 29 29 Jan. 1 Sale Sale 3 31 Nov. 14 9% Jan. 88 Jan. 106% 104 Jan. 113% 114% 112 113% Jan. 114% Sale Sale Sale 19% Jan. 22% Sale 11% Jan. 12% Sale 72 Jan. 72 76% Sale Sale % Jan. % % 6 4% Jan. 6% 6% Sale 46% Jan. 46% Sale Sale Nov. 22 Apr. Apr. July Aug. July 4 1% 10 95% Dec. 15 89% Oct. 25 77 6% 14 Mar. 80% 55 Oct. Sept. 27 5% Sept. 27 Mar. 20 54 16% Oct. 27 27 2% Nov. 4 28% Sept. 12 26 Sale 28% 75 77 51 Dec. 30 July Apr. 23 Sale 19 28% Dec. 13 22% Sept. 27 Dec. 12 Sale 1 Jan. Apr. Sale 11% 93% 6% 40% 52% Ji Jan. 60 Sale 40 4 5 5 23% Sept. 22 67 50 12 91 8% Jan. 85% June 5 Sale Sale 90% Mar. 29 3 81% J an. 18% July 17 Nov. 16 3 9 90% 69% 84% 53% 9% Apr. 6% Apr. 117% Dec. 12 -41.% Sept. 27 11% Sept. 5 14% Sept. 27 5 17% Jan. 75% Mar. 15 1% Jan. 18% Jan. 79% Jan. 65 Jan. 1% Sale 99% 103% 144 Sale 69 111 22 7% 12% 54 Sale Sale Sale Sale Sale Sale 96% Sale Jan 23 30 2% 3% 1% 8% 4% 8% 26 16 9 112% Sale 1 15 12 Sale 7% 16% Jan Sept. . 31 6 7 28% Jan Jan 47 104 Sale Jan. Jan. Jan. Jan. 3 Jan 9 Sale 82% % Sale 15 13 16 Jan. 2 Jan Sale 7% Sale 7% 48% 3 113% Jan. 63% Jan 1 % Jan 20% Jan 19% Jan 8 3% 9% 1% 8 3 13 3 Sale Jan. Jan. Jan. Jan 40 Sale % Sale 7 6% Jan 15 19 9 6% % 1 % 5% Sale 8% Sale 6 31 Sale Ritter Dental Mfg 3 Jan. 31 81 Sale Sale Sale Sale Jan. Jan Jan. 29 0% 4% 7% 9% 15% Jan 12% Jan. 7% Jan. 11% Jan. 9% Jan. 50 Jan. 88 10 79 19 40 40 80 20 Sale 4 7 29 Jan. Jan. Sale 8 40. Mtyr. #22% Aug, 6% Aug. 70 Sept. 63% Aug. 10% Jan. 11 Aug. 5 Aug. 85% June 10 53% Apr. 29 1% Dec. 8 16% Apr 24 6% June 3 12% June 4 10% Apr. 18 20% Sept. 3 16 July 11 2% Dec. 12% 7% 10 1% 55 3% Sale Jan. 32% Jan 9% Jan 88% Jan 30 Ill 40 7% preferred 100 5 %% preferred 100 Reynolds Metals Co * 5%% conv preferred-.-.100 Reynolds Spring Co 1 Reynolds (R J) Tob cl B 10 Class A 1% 4% Jan 16% If* Simonds Saw & Steel Co tea i 20 43 9% Sale 8% preferred 30 13 8 12 Sale Sale South Porto Rico 12 38 3% Sale Southeastern 11 23 Sale 20 3 5 27 90 Simms Petroleum 15 3 25 23 21 226 9 2 3 21% 3% 72 Simmons Co 343 18 Jan 68% Jan 118% Jan 41% Jan 115% Jan £127% Jan 142% Jan 164 Jan Jan. Jan.. Jan. 161 117% 118% 117% 26% ,26% Sale Sale 8% 86 87% 77% 77% 77% 14% 15% Sale 15 15 15% Sale 5% 75 100% 60% 63% Sale 1 % Sale Sale 20 19% 16 17% Sale 27 27% Sale Sale 14% 26 25% 22 21 20% 3% 3% Sale 115% 118 31% Sale 8% Sale' Sale ,688 42 6 Sale 162 Sale 127 16 15 Jan. 14 5 3 18 % Jan 14% Jan 14% Jan 16 Sale 53% 5% 42 20 6 4 29 75 Sale 7 Jan 12% Jan 1% Jan Ill Jan. 112% 111% Sale Jan. 125% 125 125% 125 143 142 141% Jan143 Sale 1 122 7 15 12 18 41 Sale Silver 13 39% Jan. Sale 113 9 29 31 8 conv - 114 2 Jan. Sale 8 * preferred 100 6% conv prior pf ser A. .100 Revere Copper & Brass 5 Republic Steel Corp 294 Sale 113 1 25 37 68% Sale * * 245 119% 41% 114% 128% 12 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 5 147 Servel Inc 4 *31% Apr. 101% Sept. 112 Sept. 129 Apr. 147 Sept. Jan. % 20% 12% 10% % % 11% 11% Sale Seagrave Corp (The) Sears, Roebuck & Co 13 112 6 5 13 % 20% 12% 12% 1% % 14% 14% 43% 65% 118% 40% Sale 147 2 9 Jan 4 July 27 Sept. 22 Sept. 27 12 Sept. 12 32% Sept. 27 14% Sept. 11 95 Sept. 11 4 34% Jan 19% Jan Sale 15% 146% 51 175 4 30 2% Apr. Apr. Jan. 7 35 46% 3% 45% 9% 31% Sept. 4% Aug. 7% Apr. 22 Apr. 12% Aug. 18 June 6 Sept. 142 Aug. % Apr. 17% Sept. 6% Apr. 7% Aug. % Aug. % May 6 Aug. 6% Sept. 18 Apr. 50% Apr. 2 Jan 11 13 15% 1% 18% 2% 85% 15% 4 Apr. 27 15 18 Sale 2% Sale v. .3% Sale Sale Sale 221 50 158 Jan. % 2% 1 % 2%. 3% 7% 9% 11 Jan. 25 30 16% Jan. * 340 79 30 20 18 Mar. 31 24 t Sea board Air Line—... * 4-2% preferred 100 759 6% Jan. 9% Jan. 8 6 4 Sale Seaboard Oil Co of Del 46, 2, 33 Jan. 171 2% July 6 25 Apr. 20 31% Apr. 10 2 Aug. 11 36 Jan. 3 6 Aug. 22 23 Apr. 18 35% Mar. 27 12 Sale 134 1, 645, 10, 13, 6, 47, 279, 29, 310, 63, 5 29 368, 54, 24, Jan Sale 24 172% 175 Sale 6% Sale 10 9% 11% 6% 3% 214, 62, 67, 4 17 110 4 17 3 171 tRoan Antelope Cop Mines— Ruberoid Co capital stock * tRutland RR preferred 100 st Joseph Lead —10 JSt Louis-San Francisco—100 6% preferred —100 jSt Louis Southwestern 100 5% preferred 100 Safeway Stores * 5% preferred 100 6% preferred 100 7% preferred 100 Savage Arms Corp * Schenley Distillers Corp 5 5%% preferred 100 tSchulte Retail Stores 1 8% preferred 100 Scott Paper : * $4-50 conv preferred .* 54, 10 45 Sale Sale 5 Common 32, 31 22 Sale Prices Sept. 2 103% Mar. 3 Mar. 1 Sept. 21 154 Gas— $5 preferred Richfield Oil Jan 8% Jan 27% Jan 49% Jan 17% 26% Sale 6% 56 2 19 118 594, 282, 21, 41, 170, 5, 3, 2, 118, 6, 107, 434, 31 5 32% Preferred 5% 100 Pub Serv Corp of N J corn.--* w 6 Jan. Jan. 40 Sale Preferred Jan. 8 18 Sale Preferred 3 44 29 56 * 100 100 100 5 36% Sale 43 $5 preferred 6% preferred 7% preferred-8% preferred—... 10 41 * Gamble Jan 41% Jan 4% Jan Sale 5 50 5% conv 1st preferred 5% conv 2d preferred Procter & 30 19 24 8 9% 16% Sale 1% 2% % % 14% Sale 14 14% ,* t Porto Rican Amer Tob cl A_ * Class B * Pressed Steel Car common—1 Poor & Co class B ITA 10 37 Pocahontas Co__* Plymouth Oil 8% Jan. 34 ""% ""% 9, 11, 5, 338, 13, 1, 592, 11, 8% Sale 13% Sale * 5 Pittston Co (The) Public Service Elec & 5, 669, 806, 9, 52, 422, 9, ,026, * Pitts our gh Screw & Bolt 124 8 38% Jan. 30 Jan. Sale 74 23 31 26 Sale 25 Jan 4% Jan 91% Jan. 23 136 Jan. Sale 49% 15 Jan. 4% 26 8% Pitts Ft Wayne & Chicago— 1, 329, 51, 4, 7, 3, Jan. 136 Sale Sale 70 Sale 34 30 Sale 67 Lowest Sale Prices 8 5% 60 Highest Sale Prices Sale 24% * $5 conv preferred- 2, 4% 4F' 8 140 134 Highest Lowest Sale 91 Sale 140 3% 4% 30 25% 41% Sale 2%. 43% 25 5 100 Pittsburgh Coal (of Pa) Sale Ask Ask Bid Bid Sale Prices Jan. 31 Jan. 2 Par Shan 556, 5, 1, 36, 26, 2, YEAR 1939 Jan. 3 N. Y. STOCK EXCHANGE 240, 7, 13, RANGE FOR PRICES IN JANUARY Price STOCKS 13 31 8 2 2 3 8 32^ 3 Jan, 24 4 June 24 Oct. 23 29% Jan. 5 98% Nov. 20 127 Sept. 11 Dec. 14 112 28 21 24* Sept. 12 Mar. 11 Sept. 9 15% Sept. 13 3% Sept. 11 18% July 18 35% Sept. 8 143 Dec. 27 Feb., 1940] N. Y. STOCK 39 EXCHANGE-STOCKS AQOREQATE SALES In Price PRICES IN JANUARY STOCKS January Shares 24,100 70,600 37,100 27,300 Jan. 2 Par 200 238,900 1,662,200 1,316,400 810,700 2,500 198,300 11,900 10 320 400 6,200 1,700 39,700 5,600 780 25,500 1,110 8,300 391,200 3,000 25,000 52,400 10,400 53,400 59,400 50,600 83,200 1,600 7,600 8,200 17,300 33,500 173,700 6,400 490 19,900 6.400 11,000 3,200 900 200 24,800 7,100 8.600 4,900 900 120 1.500 4,000 52,000 10,800 14,600 13.500 5,100 500 700 400 700 190 12,900 580 8,600 1,000 10,100 10,500 7,500 20,800 1,500 26,900 9,100 14,600 62,400 1,100 21,600 500 2,500 18",800 2,900 2,100 440 8,900 8C0 360 7,400 2,000 14,000 59,000 800 23,500 2,700 3,000 1,400 150 2,400 10,600 270 2.100 11",206 3,400 4.400 300 9,800 1,200 12,300 108,900 10,700 2,500 1,800 1 Bid 21k Sale 14k Sale 12k Sale x—-* 10 22 k 33 k Sale 20 Sale W* 30 Sale Ohio certifs—100 * 38 3k 1 7h Railway 5% preferred Mobile & Sparks Withington Spear & Co $5.50 pref * * Starrett Co Studebaker Corp Sale Sale 6% preferred 100 -10c * Superior Oil -1 Superior Steel 100 Sale 33 k Sale 6 Sale 101k 2k 6k 16k 30k 30k 29k 6 7k Sale 103 k 107 k Sale 103k Sale Ik A* Sale Sale 3k Sale 12k Sale 10k Sale 15k Sale 13k 9!H i?M Sale Sale 18k Sale 23 28 £ 28 Sale 17 7k Sale 65 Sale 120k Ilk 38k 3 k 20 k 121k Sale Sale Sale 5 -5 Corp (The) 25 * -* Sale 24k 26 k 43 Sale 29 Sale 78 7k o Sale 6k 10 k Ilk Sale 9k Sale 10k 56 k 58 59 k 122 122k 122k Sale 10k Sale 24k 2k Sale 2k 17 16k 13k 29 29k Sale 6k 22 k Sale 22 k 490 $3.60 conv * preferred The Fair Co. 5k Sale Sale 100 Thermoid Co pref conv $4.50 10 25 * * Starrett.. ^ • Associated Oil-.10 preferred * conv Sale Tim ken-Detroit Axle Co 10 —* Tri-Continental Corp --* —* 6% preferred Truax Traer Coal Truscon Steel Co 10 20th Century Fox Film Corp.* $1.50 preferred Twin City Rapid Transit Preferred Twin Coach Co * * 100 1 Preferred - 54k 6k 18* a* Ah 26 k 34 k 3k Ilk Sale Sale 90 Sale Jan. 25 24 A* 35 4k Sale Sale 4 JX 36 4k 5k Sale Sale 42 k 3 k Sale 34 k Sale Sale 8 Sale 5k Sale Sale 17 Sale 12 Ilk 29 17 17 k 53 k 5 50k 3k 35k 36k 3 k Sale 29 30k Sale 3 Sale 4k c,4** Sale Sale Sale Sale 21k Sale 47k 48Ji 5 k Sale 14 k Sale 7 k Sale 2k Sale Sale Sale Sale Sale 85 4k 8k Ilk 24 k 2k 4k 9} Sale Sale 2k 26k 27k 10 k Sale Sale 12k 88 2k 77 Sale 39 k Sale 20 k 10 k 93 k Sale 24k Sale 2k 2k 24 k 28 10 k Sale 1 30 1 42 k 13 k Sale Sale Sale 80 k 112k 113 16k Sale 93 k Sale Sale 87 k Sale Sale Is* Sale 41 47 Sale Sale 13 k 47 k Sale Sale 16k 15 65 3 k 119 Sale 17k Sale Sale Sale Sale Sale 6k 16k Sale 15k Sale 114k 116 60 Sale 17k 18k 2k Sale 39k Sale 5 4k 59 Sale 5 Sale 5 34 Sale 5 6k 32 k Sale * 65 k 85 k * Ilk Sale 88 15k Sale 15k Sale 112 54 k 17 Sale 56 18 2 k Sale 39k Sale 5 4k 4 Sale 5 12 10 8% 1st preferred 100 302,400 69,300 U S Smelt Ref & Mining—50 Preferred ,.50 18,800 7 k 115 Sale Sale 35k 3 13 19 23 7 19 2k Jan. 78k Jan. 4k Jan. 25 Ilk Jan. 24k Jan. 2k Jan. 3 52 Jan. 6k 14k 8k 2k 79k 5k Jan. Jan. Jan. Jan. Jan. Jan. 3 9 80 15 16 115 16 Jan. 16 93 Jan. 15 85 Jan. 29 11 15 15 2 17k 97k 87k 25k 48k 16k 16k 112 Jan. 31 118 55 Jan. 29 12 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale 33 18 4 30 26 3 11 2 11 Sale 8 4 5k Jan. 5k Jan. Jan. 4k 4 12 4 5 34 k 8 3 40 10 H Jan. 15 4k Jan. 56k Jan. 4k Jan. 4 4 31 59 Jan. 5k Jan. 8 4 2 3 3 3 Sale 81k 8k 10k 85 k 181 Sale 31 Sale Sale 65 36 70 k Sale Sale lk 40k 112k 62 68k Sale Sale Sale Sale 70 6k 83 8 6k 84 k 9k 6k Jan. 80 15 Jan. 6 18 116k Jan. 13 k Jan. 4 13 5 24 5k Jan. 8 22 7k Jan. 3 ■11I k Dec. 34k Sept. 6 Aug. 65 k Apr. 108 k Sept. 15 k Aug. 81k Apr. 78 Apr. 20k Mar. 31 Aug. 7k Apr. 14k Sept. 112k Mar. 52 Apr. 13 k Apr. 2 Apr. 30 k Apr. 4 k Aug. 4k Dec. 54 k Dec. 3 k Apr. 25 k Apr. 62k Apr. 11 Apr. 110 Sept. 6k Apr. 3 k Aug. 5k Mar. 75 5 Jan. 26 8k Jan. 10k Jan. 26 3 5 k Aug. 89 Jan. 25 4 181 65k Sept. 149k Sept. 4 Apr. 23 Apr. 13k Apr. 3 k July 5k Aug. 46 Apr. 32k Sept. 31k Oct. lk Dec. 31k Apr. 86k Apr. 48 July 22 4 Jan. 15 5k Jan. 9k Jan. 18 26k Jan. 6k Jan. 10 18 11 31 Sale 5k Sale 9k Sale 65 11 69 22 69 Jan. 36k 35k Sale 35k Jan. Sale 34 lk Sale Jan. lk Jan. Jan. 35k Sale 34k 109 110k Sale 62 61 62k 69 k 70 69 Jan. Jan. Jan. Jan. 20 70k Jan. 38k Jan. 35k Jan. lk Jan. 29 41k Jan. 15 113k Jan. 5 2 8 18 4 2 2 31 5 3 3 2 65 Jan. 4 3 70k Jan. 11 61 26 17 2 41 18k Dec. 7 14 k Mar. 10 21 4 4 1 96 Feb. 9 10 11 25 Dec. 13 1 10 10 54 k Jan. 8k 12 k 10 k 4 k 88 3 Sept. 13 Dec. 29 Jan. 4 Sept. 5 Jan. 7 k Sept. 14 k Sept 9 11 26k Jan. 85 Jan. 6 4 Oct. Oct. 34k Jan. 3 k Aug. 15 5 k J an. Jan. 10 9 Apr. 8 17k Apr. 11 7k Apr. 11 25 31 9 Ilk Dec. 19 Jan. 29k 11 12 12 3 13 11 19k Sept. 7k Jan. Sale 8k Jan. 87 Sale 82k Jan. 179 179 k 178 Jan. 4k Sale 4k Jan. 23 15 21 6k Mar. 9 k Sept. 50k Sept. 5 k Jan. 38 k Sept. Ilk Sept. 3 k Oct. Mar. 31 22 Jan. 43 k July 4 k Nov. 33 k Nov. 3 k Jan. Apr. 10 Apr. 3 Apr. 10 Jan. 17k Jan. 2k Jan. 12 k Sept. 27 9 k Sept. 27 7 k Mar. 11 17 2 10 38 3 5 16 10 7 3 6 Jan. 60k Jan. 18k Jan. 2k Jan. Sept. Apr. lk July Apr. Aug. 83 Sept. 102 Apr. 34 Apr. 5 Sept. 6 Apr. 5 Apr. 74 3 15 Jan. J* 4 30 Jan. Jan. Jan. Jan. — 4 Jan. lk 44k 14k 88k Sept. 37k Sept. 22k Jan. Dec. 15 3k Dec. 27 Sept. 2 2k Apr. 10 14 Aprr 8 30 10 Ilk Jan. 16 Sale 3 28 39k Jan. 12k Jan. 58 k 27 Jan. 34 66k 24k Jan. 85k Jan. ixH Sale Jan. 3 24 4 2 22k Jan. 43k Jan. 14k Jan. 15k Jan. Ilk Jan. 23 Jan. Jan. 27 13 k Jan. 15 113k Jan. 17 27 4 25k Jan. 2k Jan. Jan. 1 2 4 9k Jan. 24 Mar. 14 Jan. 13 27 5 k Oct. 26 Oct. 30 6 Nov. 1 33 Nbv. 27 11 15 26 15 3 4 Jan. 48 29 35 24 61 9 3k Sept. 22 k 30 k 10 k 25 k 24 Jan. 95 21 5 7k Sept. 5 17 k Jan. 5 Oct. 23 10 15k Dec. 22 24 18 A* 30 62k 13 26 8 2k Jan. 13 13 14 14 8 26 23 33 k Sept. 30 Sept. 53 k Sept. 36 Sept. 80 Dec. 12k Jan. Sept. 1 7 Aug. 24 5k Nov. 28 1 8k Sept. Jan. Jan. 8 7 3 108 June 17 5 k Jan. 20 10k Jan. 20 20 k Oct. 26 25 k Oct. 26 8 30 12 175 Sale Sale 15 Jan. !P 8 4 3k Jan. 4k Jan. 31 17 3k Aug. 24 Apr. 8 Aug. 11 Aug. 22 9 4 Aug. 23 33k Oct. 4 4k Jan. 30 15 Jan. 10 Jan. 2 91 12 30 4 16 20k Jan. 46k Jan. 5k Jan. 12k Jan. 1 16 24 13 16 10 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 8 75 k Mar. 34k Dec. 7 k Jan. 25 Jan. 3k Jan. 26k Jan. 2k Jan. 16k Jan. 10k Jan. 10 lk Aug. Apr. Sept. Sept. Apr. June 10 22k 5k 17 24 k 4k Aug. 24 36 15 2 4k 16 27 k Jan. 2 Jan. 5 3 3 22k Dec. 19 51k Sept. 11 5k Apr. 10 45 k Sept. 1 Jan. 4 66 118k Sept. 27 128k June 17 7 k Apr. 11 Ilk July 6 1 3 38k Jan. 19k Sept. 3 k Aug. 24 12 Jan. 8k 5 4 4 Jan. 4 6k 3 k 3 50k Jan. 3k Jan. 8 65 3 34 3 20k 3 27 Jan. Jan. Jan. 4 26 4 3 Aug. 25 8 Apr. Apr. 11 Aug. 24 8 Apr. 8 Apr. 9k 7k 5k 36 Jan. 2 38 31 4 24 k Sept. 1 22 k Aug. 25 4 11 17 31 23 11 11 10 3 5 25 30 24 Jan. 9 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 20 2 8 Jan. 7k 9k 84k 101k Sale 2 Oct. Dec. 94 8 81k Sale 81k Jan. 14 k Sale 14k 14k Jan. 115 116 k 115 116k 115k Jan. Ilk Sale Ilk 10k Jan. Ilk 4k 5k Sale 4k Jan. 5k *8* 79 5 k 52 k 2 17 24 27 11 12 4 23k Jan. 32k Jan. 5k 42k 3k 32k 7k 5k Ilk Sale Sale Sale 7 11 4k 6k 46k 4k 35k 8k 6k 12k 18k 52k 3k lk 95 86 k 23 k 66 k 23 30 Sale 5 10 40. Jan. Jan. Jan. Jan. 5k 16k -.100 page 7k 5k 5k 34k Ilk 114 17 Rubber Sale 5k 18k Sale" 98 k Sale 83 k Sale 22 k 23 34 5k 8k 6S 7k 7k Sale Sale 78 • 4k k Sale 65 k Preferred United Drug Inc United Dyewood United Fruit United Gas Impt Co Proforrod. 3/4 11 Sale Sale 13 k Sale Sale 4 6 75 Sale * 5 Sale 19 31 2 12k Sale 8 7k 2 k Sale Sale Jan. 13k Jan. 28k Jan. 15 30k 30k 2 k Sale 17k 18k 10 k Sale 90k 90k 23 k Sale 50k Sale Sale Sale Sale 10k United-Carr Fastener Corp—* United Corp * Preferred United Electric Coal Cos United Eng & Foundry Sale 28 100 * Sale 2 2 29 Jan. Sale 4 3k Sale 15k Sale 13 k Sale 93 k 94 k 18k Sale 2 5 'Trail & Williams Steel Forg—* Sale Jan. 9k Jan. 24k Jan. Jan. 28 3k 3k 28 k 122 Sale Sale 6 15 23 23 123 7 18 Sale 2 Sale 31 Jan. 22 15k 58k Sale 10k Jan. Sale 20 2 30k Jan, 40 Sale 4 Jan. Apr. Aug. Dec. Apr. Dec. 4k Apr. 10 Apr. 13 k Apr. 2 18 31 Jan. 31 56k Jan. Sale 8k 57k 18k 5k 11 Jan. Jan. Jan. Jan. Jan. 30 Sale"* 37k 58 Jan. 7k Jan. 9 42 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 29 78 ,18 16k 50k 50k 3k 5 32k 36k 4k Sale 100 Thompson (J R) Thompson Products.. Pr6i6rrc(i Tide Water Sale 19 k 1 - $3 dividend Third Avenue Thompson 2?r: 6k 12 k 9 3 34 k Dec. 22 53 Dec. 5 16 k Mar. 9 3 26k 27k 46k 33 k 80k 8k 6k 12k 10k 59k 30 15 28k Jan. 59k 3 k Jan. 5 9k Sept. 30 70 k Nov. 22 Jan. Jan. Jan. Jan. Jan. Jan. 31 Jan. 5 lk Aug. 24 k Apr. 60 Sept. 15 14 k Apr. 36 Apr. 11 Apr. 11 10k 27k 2k 17k 29k 24k Jan. 25k Jan. 43 Sale 3k 32 k Sale 8 k Sale Sale -* 7% preferred 98,900 U S & Foreign Secur Corp—* $6 1st preferred * 8,900 17,540 U S Distributing Corp pref. 100 U S Freight * 75,140 20 181,600 U S Gypsum Co 7% preferred ...100 2,580 5 36,600 U S Hoffman Mach 5k% conv preferred——50 2,500 U S Industrial Alchol— _* 144,000 * 87,100 U S Leather Class A * 137,500 Prior preferred 100 3,300 20 211,700 U S Pipe & Foundry U S Playing Card 10 4,900 * 358,500 U S Realty & Impt see 6k 44 k Sale 300!United Merch & Mfrs fnc vtc.l 79.600 United Paperboard Co 10 For footnotes Sale Sale 253 3,563,900 34 k 4k 4* Sale Sale Sale Sale Sale Sale Sale Sale Sale Mar. 22 4 7k 107k 2k 7k 18k 22k Jan. Jan. Jan. Jan. Jan. 23 k Jan. 4 36 k Nov. 20 43 k Sept. 26 3 Jan. Jan. Jan. Ilk Jan. 31k 6k 5k 4k Sale 10 62,200 United Carbon 15,900 1,461.200 390,000 323,900 33,100 3,210 172,900 33,000 286,300 897,800 11,500 8k 44k 53 Sale 32 9 29 31 9k Jan. 60 IB Sale Sale Texas Pacific Land Trust----Texas & Pacific 100 Thatcher Manufacturing * Timken Roller Bear 342,300 Transamerica Corp 370,000 Transc & West Air Inc 36,700 311,500 6,300 83,400 12,100 456,300 48,000 25,400 6,030 223.900 10k 18k Sale Jan. 33 k Jan. Sale Sale 7k 42k Sale 12k 65 22k 46k 34k Jan. 2?g Sale 5 Jan. 8k Sale Sale Jan. Sale 80 Sale 7 62 25k 26 k 71k Sale 12 k Sale 6k Sale 34 8 Jan. 44 k 33 k Sale 4 Sale 20 Sale 53 k 33 k 3 Jan. 29k Dec. 30 21k Jan. 4 10k Apr. Ilk Apr. 11 15k Apr. 11 Jan. 7k 10 7k Texas 52 Sale Sale 1 Texas Gulf Producing Co Texas Gulf Sulphur— Texas Pacific Coal & Oil 54 Sale Highest 2k Jan. Jan. Sale 3 3 39 Jan. 10k -9 50 Telautograph Corp Tennessee Corp i* Sale 21 60 Sale 4,900 1939 Sale Prices Sale Prices 23 k Jan. 24 3 34k Jan. 42k Jan. 29 Jan. 15k Jan. Jan. Sale 27 k Without warrants 133.400 15,400 Talcott (James) Inc 1,840 5k% preferred 22 k 65 Lowest 20k Jan. 6k Jan. 70 k Sale Sale Sale 45 k 30 Jan. Jan. Jan. Jan. Jan. J an. Sale 1 Superheater Co (The) 22 k Sale 2 6 6P Sale 52 k Sale 15k * Sunshine Mining Co 20 k 42k 2 69 If* 16 45 •-* Sun Oil 7 65 28k 12k 16k 28k 37k Sale 38 Sale 2k Sale Highest Sale Prices 70 k 29 k 10 5 1 Stone & Webster 39 37 8k 15k 29 k Sale 41 21 * (The LS) Sterling Products Inc "Warner Corp Stokely Bros & Co Inc Sale 47 Standard Oil of California—_* Standard OU Co. of Ind 25 Standard Oil of New Jersey.25 Stewart Sale 29 H Sale 153,900 Swift International Ltd------Symington-G ould Corp-with . stock purchase warrants-—1 247,800 12,700 3,850 165,700 10,530 60,600 24,500 175,700 106,300 27.600 404,200 22,300 336,100 176,500 Lowest Sale Prices Ask Southern 30 37,500 175,700 1,047,200 235,400 317,700 189,300 168,700 22,300 21,000 Jan. 31 Ask Bid 24 k Sutherland Paper Co 10 8,900 Sweets Co of Amer (The)—50 25 281,500 Swift & Co 180 129,200 26,000 28,700 1,400 Ask Sale Southern California Edison.-25 Southern Pacific Co 100 8,400 83.400 den & Co 5,500 83 200 Underwood Elliott Fisher—* 121,300 508,900 i Union Bag & Paper * 40,700 689 600 Union Carbide & Carbon * 1,930 2*250'Union Elec Co of Mo $5 pref-.* 12,100 174'600,Union Oil, California 25 10,700 177 000'Union Pacific 100 3,2001 481500! 4% preferred 100 9.100 72,900 Union Tank Car * 70,000 1.497.4001 United Aircraft Corp 5 116,200 1 107 000|United Air Lines Transport._5 3,800 52 400 United Biscuit of American— * 3,300 Bid 14,300 Spencer Kellogg & Sons 1,187,200 Sperry Corp (The) v t c 1 182,000 Spicer Mfg Co * 8,280 $3 conv preferred A * 962,500 Spiegel Co Inc -2 25,590 Convertible $4.50 preferred * 99,200 Square D Co class B 1 1,220,100 Standard Brands * 27,900 $4.50 preferred * 166,300 Standard Gas & Electric * 339,400 $4 preferred * 35,300 $6 prior preferred 7 prior preferred 260,800 697,700 666,400 1,225,900 24,700 104,600 278,900 103,200 1,193,600 1,115,600 67,800 6,970 347,500 82,100 300,200 70,600 29,900 YEAR 1939 1939 Shares RANGE FOR Jan. 3 N. Y. STOCK EXCHANGE Months 12 60 June Mar. Jan. 35 k Aug. 12k Jan. 4 4k Jan. Jan. 3 13 k Dec. 21 94 k Sept. 14 66 118 July 14 5 19k Jan. 105 Sept. 27 90 July 27 24 k Sept. 21 51 16k 18k 119k 69k Nov. 4 Dec. 29 July 18 June 16 Oct. 25 20 Mar. 13 6 3k Feb. 39 k Aug. 3 Mar. 8k Jan. 74 Feb. 10 5 11 8k Sept. 11 35k Sept. 27 95 Sept. 11 15 Nov. 24 June 23 Sept. 12 7k Sept. 25 11 Jan. 87 k Mar. 4 8 17k Sept. 11 14 Sept. 27 113 180 Jan. Mar. 7k 35k 29 k 10k 15 k 67 Oct. 4 6 July July 24 24 Sept. 12 Sept. 13 Sept. 13 4 49 Mar. 13 37 k July 7 6k Mar. 10 52 k Jan. 3 114k Nov. 14 68 k Sept 27 June 27 x70 N. Y. STOCK EXCHANGE-STOCKS 40 AGGREGATE SALES January N. Y. STOCK 12 Months Jan. 3 1939 EXCHANGE 1939 Shares Par 8,700 870 2,400 1,600 3,900 840 600 1,300 80 1,320 1,700 50 21,800 2,300 410 2,900 20 6,800 6,900 • 450 1,430 280 72,900 Vadsco Sales Corp 1,880 Preferred 100 534,600 Vanadium Corp of America..* 53,700 Van Raalte Co 5 2,220 7% 1st preferred 100 27,600 Vick Chemical Co 5 180 Vicks Shreve & Pac By Co.100 80,300 168,500 99,120 4,260 14,570 4,480 1,200 1,500 2,360 160 130 1,000 4,700 "3",300 " 5,100 2,000 14,500 6,300 1,100 1,800 4,100 3,300 31,600 870 5,000 100 20 1,900 2,600 4,300 5% preferred 100 Viccor Chemical Works——5 Va Caro Chemical * 6% preferred 100 Virginia Elec & Power 6% pref* Virginia Iron, Coal & Coke 100 5% preferred -..100 Virginia By Co 25 <6% preferred 25 Vulcan Detinning .100 7% preferred -.100 18,200 Ward Baking Co class A 600 980 1,040 2,400 3,700 6,500 4,300 1,000 2.400 42,400 20,000 20,800 770,100 485,900 544,810 4,280 81,600 73,500 37,000 270 4,500 6,100 3,100 450 """570 770 19,800 309,900 """500 14,200 9,100 417,700 72,900 80,700 36,400 15,900 300 1,200 21,100 3,200 49,700 700 5,300 2,700 34,900 7,900 29,900 6,800 l",606 460 3,500 4,600 62,000 800 4,500 52,100 300 9,200 4,900 2,700 19 Change of name Sale 285* Sale 335* 112 40 25 5* 4 345* 1145* Sale 69 .* 2 Sale 65* Sale 185* Sale 85 Sale 85* Sale 505* Sale -205* Sale 145* Sale 2% Sale 355? 38 65* Sale 395* 35* 10 35* 30 24 415* Sale 14 95* Sale Sale 325* Sale 35* Sale 17* Sale 91 90 29 1175* 2 65* 445* 335* 93 45* Sale Sale 4 565* Jan. 3 12 Jan. 22 Jan. 19 805* Jan. 27 2 5 15 6 5* Jan. 3 175* Jan. Jan. 22 345* Jan. 15 385* Jan. 23 1155* ^ 18 Jan. Jan. Jan. Jan. Jan. 12 23 46 Jan. 8 6 57 Jan. 5 17 31 Jan. 45* Jan. 315* Jan. 4 5* Jan. Aug. Apr. 25 Apr. 9 16 16 3 5 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 29 31 215* Sale Sale Sale 165* 85* 16 1 75* 15* 15* 225* Sale 35* Sale 47 Sale 15* Sale 15* 15* 65* 215* 935* 55* 4 Jan. 6 25* Jan. 3 23 8 Jan. 4 48 Jan. 35 4 26 95 Jan. Jan. 5 7 Jan. 3 11 10 23 10 Apr. Apr. Oct. Jan. 235* July 98 'Jan. 65* Jan. 4 Jan. 3 July 6 22 3 "JahT "3 75* 15* 215* 35* 455* 15* 65* 45* 9 15* Sale Sale Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 19 15 5 3 2 15 13 11 13 11 Jan. 11 Jan. 29 Oct. Jan. Jan. Jan. Jan. 10 10 Dec. 30 Dec. 10 Dec. 50 Jan. 3 Feb. 15* Jan. 65* Jan. 45* Jan. 3 Nov. 27 13 11 Nov. 30 Jan. 12 Jan. 19 Jan. 4 16 24 ~ Jan. 4 Sale 35* Jan. 5 45* Jan. 8 245* Jan. 31 275* Jan. 3 70 19 75 Jan. 4 2 108 Jan. Jan. 10 31 Sale Sale Sale Jan. 1055* Jan. 1075* Jan. 30 114 1115* 1125* Ill Sale 'Sale 103 1025* Jan. 27 108 Sale 1145* 1155* 1145* Jan. 10 1155* 16 Jan. 31 Sale Sale 195* 16 Sale 335* Jan. 13 365* 345* Sale 5 35* Jan. 13 45* 35* Sale Sale 75* 65* Jan. 16 7 65* 1 1 5* Jan. 31 5* Sale Jan. 8 Jan. Jan. Jan. 27 Jan. 4 4 3 Jan. 2 Jan. 5 Sale 15 Sale 15 285* Jan. 285* Jan. 3 Sale 15 118 Jan. 4 15 138 Jan. 5 3 225* Jan. 225* Sale 225* Jan. 235* Sale 1055* Jan. 1085* Sale 130 Jan. 138 1305* 135 26 Jan. Sale 275* 265* Sale 335* Jan. 355* Sale Sale 355* Jan. 385* 36 61 97 69 Sale Sale 295* Sale 110 85 66 65* Sale 365* Sale m 35* 55* 52 Sale 695* Sale Sale 54 Sale 98 18 335* Jan. 30 3 665* Jan. 95* Jan. 115* Jan. 23 24 70 10 Jan. Jan. 11 Sale 5 Jan. 23 §5* Sale 45* Jan. Sale 3 3 8 2 26 10 8 38 Jan. 4 42 Jan. 20 Jan. 31 22 Jan. 4 Sale 3 Jan. 15 35* Jan. 15* Jan. 35* Jan. 11 Sale 35* Jan. 15* Jan. 9 45* Jan. 515* Jan. 13 36 15* 35* 55* 595* Jan. 135* Jan. 65* Jan. 65* Jan. 24 Sale 35* Sale Sale 116 116 Sale" Jan. 5 5 Sale Sale 18 2 675* 75 68 Jan. Jan. 56 29 29 Jan. 2 245* Jan. 405* Jan. 215* Jan. 10 71 25 365* 5 70 355* 9 Jan. 6 18 665* 72 60 70 345* 435* 35 r 46 Sale 875* 225* 40 H 45 107 48 Sale 86 Sale 225* Sale 17 1155* 117 115* Sale 87 235* 119 465* Sale 84 89 Sale 165* Sale Sale 120 105* Sale ir> Sale 355* Jan. 44 Jan. 105 Jan. Jan. 375* Jan. 505* Jan. 22 1145* Jan. 8 3 18 Jan. Jan. 2 5 28 Dec. 21 Jan. 25 79 3 J an. 4 1075* Dec. 15 8 1125* Dec. 16 11 10 106 5 115 29 11 10 10 26 195* 365* 65* 115* 2 Dec. 18 8 Nov, Dec. 20 Nov. 16 Sept. 27 Sept. 27 Sept. 27 Sept. 20 Sept.22 Sept. 10 Dec. 8 7 Dec. 22 Mar. Dec. 23 Oct. Oct. 18 3 Jan. 26 27 Oct. 25 Oct. Mar. 10 Oct. 26 Jan. 4 Nov. 17 Nov. 20 Dec. 30 3 Feb. 6 Feb. 1 8 8 Sept. 6 Aug. Aug. Apr. 15 Apr. 36 Sept. 195* Apr. July May 235* July 315* Apr. 85 Apr. 8* 28 75 26 60 20 115 10 315* 13 11 15 25 5 19 Nov. 21 Sept. 19 Sept. 22 5 505* Jan. 4 235* Jan. Oct. 31 74 Oct. 31 69 385* Sept. 22 535* Sept. 20 4 10 124 5* Nov. Mar. 31 75 855* Dec. 29 185* Sept. 1 335* Mar. 13 215* Oct. 26 115* Apr. 11 4 22 22 485* Jan. 3 30 Jan. 15 89 Jan. 6 235* Jan. 31 285* Jan. 4 74 17 Jan. 31 12 19 165* Jan. 25* Jan. 3 25* Jan. 3 2 15 5 4 June 24 June 24 25* 25* 32 1055* Jan. Jan. Sale 80 28 Nov. 195* Jan. 15 3 24 20 4 25 3 24 25* Aug. 11 89 5 120 12 31 8 4 k 15 235* a Deferred delivery. rOash sales, z Ex-dividend, y Ex-rights. from United American Bosch, g Change of name from Peerless Corp. Jan. 4 Mar. 58 20 86 25* 19 1 Jan. 8 37 165* Apr. 8 375* 185* Apr. 825* Apr. 11 121 126 May 20 145 8 285* 105* Apr. 8 395* 155* Apr. 6 z29 Apr. 395* 42 July 28 75 6 97 74 Apr. 155* Apr. 10 385* 80 Jan. 27 45 July 10 85* Dec. 27 125* 7 Apr. 10 155* 35* Sept. 2 15* Aug. 21 14 Apr. 10 14 205* Sept. 6 22 85 225* Jan. 165* Jan. 1155* Jan. 105* Jan. 385* Jan. 86 Sale 25* 2 20 2 605* Jan. 2 116 225* Jan. 385* Jan. 20 Sale Sale 275* 165* 25* 29 Sale 3 Sale 245* 235* 385* Sale 855* 245* 185* 19 945* Jan. 255* Jan. 23 95* 115* 55* 20 Sale 114 3 295* Jan. 385* Jan. 395* Jan. 20 110 70 10 3 Mar. 35* Oct. 10 21 16 3 18 58 80 735* Sale 1055* Sale 1125* Sale Sale 15* Apr. Dec. July 555* Aug. 85 Apr. 95 Apr. 88 Apr. 1055* Sept. 155* Nov. 205* Apr. 25* Apr. 35* Apr. 5* Dec. 3 July 65* Jan. July 35* J an. 13 5* May Sept. 355* Oct. 245* Jan. 325* Jan. 3 Apr. 8 Apr. 11 Sept. 5 5 22 Jan. Jan. 44 13 Apr. 11 5 Jan. 505* 205* 145* 25* 2 Dec. 20 4 • 9§« 355* 165* 95* 15* 255* 45* Jan. Sale Sale 8 Apr. 10 Sept. 20 Sale 70 Sept. 13 35* Sept.13 3 Sept. 20 3 22 8 22 16 AH Mar. 15 5 Sale- 85* 55* 305* 185* 35* Sale Dec. 131 18 Sale 45* 6 Sale 195* Sale 225* Sale 26 July July 15* Jan. 25* Jan. 12 101 645* Apr. 125 Mar. 11 31 165* 31 Nov. 15 Jan. Jan. Jan. Jan. Jan, 34 Sale- 9 6 40 9 4 Jan. 65* 205* 935* 55* 335* 7 Sale 35* 475* 10 June 29 Sale 24 9 Sept.11 Sept.12 Sept. 21 II4 4 12 24 118 15* Jan. 1 1 40 109 25* 8 16 21 10 Sept. 22 1165* July 26 345* Apr. 11 445* Dec. 30 Aug. 23 545* Aug. 30 Sept. 30 65 Sept. 30 185* Apr. 10 295* Dec. 29 8 55* Septal2 25* Apr. 17 Apr. 10 335* Sept. 27 July 31 1125* Sept. 14 118 55* Sept. 12 H Aug. 7 15 Sept. 12 45* July 27 8 66 Sale 1 3 7 116 "25" 46 3 18 145* Jan. Jan. 70 31 Jan. 8 159 Jan. Jan. Sale 29 Sale Sale 245* Sale Western Union Telegraph--100 31 Sale Westinghouse Air Brake.....* Westinghouse Elec & Mfg..50 1195* Sale Sale 7% 1st preferred 50 140 195* Sale Weston Electric Instrument—* 2051 Sale Westvaco Chlorine Prod * 315* Sale 5% preferred 30 75 Wheeling & Lake Erie Ry_. 100 735* 90 5 5* % conv preferred 100 295* Sale Wheeling Steel Corp * 795* 92 6 % preferred —100 595* Sale $5 conv prior preferred * 105* 12 White Dental MJg Co (SS).20 13 Sale White Motor Co 1 65* Sale White Bock Min Spgs Co.—* 15* Sale White Sewing Machine ...1 195* Sale Convertible preferred * Prior preferred 20 Sale 415* Aug. 24 825* Sept. 12 985* May 19 1205* Sept. 22 30 Sept. 22 375* June 13 39 Oct. 3 465* July 14 4 Sept. 6 15* Dec. 20 85* Mar. 3 65* May 2 25* Oct. 26 15* Apr. 10 Dec. 7 46 Apr. 6 64 17 Sept. 14 9 May 11 July 31 605* Sept. 12 85 June 19 146 Sept. 28 163 Feb. 25 455* Apr. 10 78 3 12 Jan. U37% 130 15* 15* 15* 65* 205* 955* 5 5* 335* 265* Sale 35* Sale 65* 75* 15* Sale Sale Jan. Jan. Jan. Jan. 285* 35* 45* 35* Sale Sale Sale 27 275* 117 118 116 1165* Sale 15* Sale 65* 55* "55* 455* 45 465* 455* 35 345* 335* 335* Sale 91 92 885* Sale 805* Sale 435* Jan. Sale 60 80 Sale 60 281 78; 1033 883 2 2 10 9 19 16 27 10 25* Jan. 75* Jan. 22 Jan. Jan. Jan. Jan. 22 Jan. Jan. a%H 30 132 15* Sale 35* Sale Highest Sale Prices 165* 285* 375* 355* 38 375* 1145* 1155* 1145* 1175* 1145* 43 Jan. 435* Sale 445* Sale 62 565* Jan. 55 35* 1195* 5* 195* 16* Sale Sale Lowest Sale Prices 65* 75* Sale 2 15* Sale 545* 565* 535* 14 15 145* 135* Sale 635* 635* Sale 157 157 1575* Sale 67 Sale 795* Sale "36" 285* Sale Sale 2>* Sale 75* 10 2 75* 33* Sale Sale 115 120,200 Woodward Iron Co 10 1,003,300 Wool worth (F W). 10 182,000 Worthing ton P & M 100 640 7% preferred A 100 900 6% preferred B 100 10,700 Prior pref 4>4% series...100 13,500 Prior pref 4 5* % conv ser 100 7,973 Wright Aeronautical Corp-..* 33,200 Wrigley (Wm) Jr ; * 60,700 Yale &, Towne Mfg Co 25 1,975,700 Yellow Truck & Coach cl B..1 7,710 7% preferred.. 100 102,300 Young Spring & Wire .* 1,460,000 Youngstown Sheet & Tube...* 5,100 55* % preferred series A—100 244,300 Youngstown Steel Door. * 286,700 Zenith Radio Corp * 117,000 Zonite Products Corp -.1 •No par value, • 69 5* Sale 91,100 Wilcox Oil & Gas 5 478,600 Willys-Overland Motors.. 1 175,300 6% conv preferred 10 426,200 Wilson & Co— * 54,500 $6 cum preferrred 100 390 Wisconsin Elec Pow 6% pf.100 20 3,100 68 151 34,700 Webster Eisenlohr * 10 7% preferred 100 120.500 Wesson Oil & Snowdrift * 16,680 $4 conv preferred * 10,070 West Penn Electric Co A—.* 13,370 7% preferred 100 14,600 6% preferred 100 12,400 West Penn Pow Co 4 H % pf 100 16,000 West Virginia Pulp & Paper..* 212,900 Western Auto Supply Co 10 115,900 Western Maryland 100 28,900 2d preferred 100 52,800 Western Pacific 6% pref 100 2,300 30 14 45,200 Class B " 20,200 7% preferred 100 983,300 Warner Bros Pictures 5 12,240 $3.85 conv preferred— 200,000 £ Warren Bros * 11,400 Convertible preferred--.--* 950 $1 1st preferred 1 62,500 Warren Foundry & Pipe * 58,100 Waukesha Motor Co.. 5 62,200 Wayne Pump Co.. 1 "*9",300 " Sale Sale 65* 34,200 JWabash — 100 39,500 Preferred A 100 1,300 Preferred B 100 52,700 Waldorf System... * 68,200 Walgreen Co * 9,900 45*% preferred with warr 100 436,700 Walworth Co * 96,600 Walker (H) Gooder & W Ltd.* 27,300 Preferred.- km-mrcK';-—- 11,200 10,500 76,800 21,800 Sale . 30 "4" loo Sale 43 2 Highest Sale Prices 555* Jan. 565* Sale 1175* Sale 375* Sale 45 445* 665* Sale 4,840,100 United States Steel * 170,300 7% preferred 100 89,000 U S Tobacco * 5,820 7% preferred 25 63,500 United Stockyards Corp——1 32,800 Conv preferred (70c) * 153,600 United Stores A 5 7,100 $6 conv preferred--. 14,000 Universal-Cyclops Steel 1 17,400 Universal Leaf Tobacco * 1,980 Preferred 100 5,070 Universal Picture 1st pref—100 Lowest Ask Ask Bid Bid Sale Prices Jan. 31 Jan. 2 Shares 266,600 11,100 YEAR 1939 RANGE FOR PRICES IN JANUARY Price STOCKS In 98 3 J Companies reported In receivership, Apr. Aug. Apr. May Apr. Apr. Aug. 11 127 24 11 5 8 11 24 Nov. 16 215* Jan. 5 92 Sept. 12 Sept. 30 34 Sept. 27 2§8 Jan. 4 Sept. 6 t Galled for redemption. RANGE OF PRICES Stock Sales 1940 January Shares. YORK CURB EXCHANGE 1939 3,221,766 1940 1939 January $40,250,000 $42,020,000 1939 1938 Jan. 1 to Dec. 31 444,497,000 366,984,000 Bond Sates 4,357,245 1939 Jan. 1 to Dec. 31___ NEW ON 1938 45,729,888 49,640,238 NOTICE—Deferred delivery, under the rule and cash sales, are disregarded In the month's range, unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales In computing the range for the year. , AGGREGATE SALES Jn January Shares 300 1939 STOCKS 3.725 1,300 93,500 45,700 24,500 37,200 3,900 11,300 5,425 13,465 3~,4()0 4,100 4,100 2,100 500 1,000 200 330 600 8,310 200 3,800 7,950 2,400 1,400 3,250 100 400 300 20,850 2,900 1,000 1,200 1,300 400 800 1,600 100 5,100 800 315 50,000 9,500 1,600 950 21,900 18,400 2,300 1,250 25 700 425 2,200 7,100 700 250 1 22 1 6 Mfg Corp com 5 Air Associates Inc common __il 8 Ainswortb Convertible * common preferred.... Warrants Ala Gt Sou RR ordinary Ala Power Co $7 preferred. Jan.2 Ask * 11 2% 20 24 Sale Sale Sale Sale 4,655 1,100 500 400 8,200 1,900 31.400 2,150 7,400 2,800 1,700 61% 300 100 260 62,000 6,100 9,700 8,900 520 500 7,300 $3 conv preferred 100 620 400 2,300 1,200 1,700 500 400 4X Sale 5% 10X 8* 63% 77 X 100 * 2% IX 7X 9 2h 1 128 110 X 14% Sale Sale UK * * 100 American Book Co Amer Box Board Co com Amer Capital Corp cl A 100 58 1 9 1 10c Common class B 10c $3 preferred $5.50 prior preferred * -* 115 A* 2X X Sale 61 Sale 4 X 22 25 67 X 74 IX Sale IX Sale 33 X 29X "\H Sale 10% Sale 32 X Sale 116 4% 1 1 Amer Hard Rubber Co com-50 24 X Sale Angostura-Wupperman 5 common 90,200 Ashland Oil & Refining Co..l Atlas Corp warrants Atlas Drop Forge Co com Atlas Plywood Corp tAustin Silver Mines Automatic Products see page 53. Corp Jan. 9 Mar. 11 Sept. 20 Nov. Jan. Oct. Aug. 10 1% Mar. 31 40% Sept. 26 5 Sept. 1 1% Aug. 7 % Dec. 28 15 Aug. 31 64% June 22 7At Dec. 28 23 13 % 16 16 31 4 Jan. 3 Jan. 10 26 20% Jan. 15 74 2 Jan. 25 3 33% Jan. 26 27 32 Jan. 10 3 12 8 6 31 Sale 26 X Sale 30X 12X Sale 33 4 16% 17% 15% Sale Sale 29 23 20 21 85 68 31% Jan. 11% Jan. 30 X 32 oak 84 7% 5X 73* 15X 3X IX IX 12X Sale Sale X 88 7^ Sale 95 98 6X Sale 5X Sale Sale 74 X 74 Sale 15% 13% 3% 1% 1% 10% Sale Sale IX 2 13 X 3% 1% 2 13 Sale 7% 5% 5% % 2% Sale Sale 6% Sale 7% 8% %« Sale % Sale % 5% Sale 5% 'At Sale 2% Sale 2% Sale 7 7h 96% Sale 6% 7 5% Sale 7% 8% X X X Sale 2% Sale 29 Jan. 3 3 63 70 "3X 50 1 * ...1 5 3 70 Sale 62 101% 2% 30 27 Jan. 12 33 30 3 Jan. 26 5 % Jan. Jan. 2 % 85% 6% 4% % 68% 13% 3% 1% 1% 12% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15 Jan. 29 55 Feb. 7 'At Jan. 4 75 Jan. 9 17 Jan. 3% Jan. 1% Jan. 1% Jan. 12% Jan. 4 12 115 Apr. 11 16 27 Feb. 6 Dec. Sept. 3% 2% 3 % 16% Apr. 20 Sept. 12 Feb. 8 Oct. 25 13 10 24 H 18 12 2% Jan. 18 7% Jan. 'At Jan. % Jan. 5% Jan. 6 2 11 18 2 10 3 70 3 3% 24 Sale" 'At Sale 2% Sale 2 1% Dec. 22 Aug. 25 107 Sept. 13 114% Dec. % Sept. 5 % Feb. 1% Apr. 3% Apr. 2 Apr. 3% Apr. 5% Jan. 7% Apr. 78% Apr. 104% Nov. 8 Oct. 4% Sept. 4% Apr. 5% Sept. 16% June £6 % June 5% Sept. 14 % Oct. 28 % Dec. 27 4% Dec. 27 25 63 2% Jan. 20 Sale6 "fc 15g 1% 1% & 3 13 %. IX 5% a Jan. 23 22 Sale 14% X 1% 5% X 2% 13% Jan. Jan. Jan. Jan. lAt Jan. 1% Jan. 15 17 30 25 5 3% Jan. 23% Jan. 5% Jan. % Jan. 3% Jan. 16 1 1 5% Jan. 13 6 3 3 6% Jan. X Jan. Feb. 13 15 'At Jan. June 1 8 15 Jan. 5% Jan. 7 80% Aug. 18 18 99 11% Sept. 11 12 Jan. 9 5% Apr. 10 4% Jan. 25 Jan. 9 4 2 18 67* 26 22 Dec. % Sept. 27 99 Oct. 3 19 Jan. % 2% 2% 7% 1% Mar. Dec. Jan. Jan. Jan. Jan. 3 70 33 15 17 17 13 28 % Ang. 25 Apr. 8 Dec. 5% Jan. Jan. Jan. Jan. Jan. Jan. 29 June 16 20S 3 10 Mar. 2 Jan. 9 Jan. 17 Nov. 18 Nov. 13 17 24 13 18 18 11 8 18 % Jan. 7% Jan. 19 2 Dec. 28 11 29 97 3 Sept. 11 July 27 Aug. 2 Dec. 14 42 Jan. 36 4 16 13* 15 Nov. 17 Mar. 10 Jan. 17 11 16 15 26% Jan. Apr. Apr. 25% Apr. 9% Apr. %~Jan" 18 32 6% Mar. 31 54 .... 5% 4X Sale 5 15 Apr. 26 Sept. 5 40% Sept. 11 116 6 May 2 Jan. " 20 4X X 8% 29% 110% 3% Jan. 65 8 6 31% Jan. 22 27 1% Jan. 29 9 2 Oct. 35% Sept. Dec. 22 'At Aug. 9 2% Nov. 25 102 34 Apr. 10 18% Apr. 10 9 11 12 6 7 18 35% Aug. 2 34% Aug, 2 2% Jan. 19 Jan. Jan. 7% Jan. 11 24 16% Jan. 29% Jan. 6 Mar. 2% Jan. 29 17 Jan. Feb. 75 22 6 15 'At 2% 2% 7% 94% 23 Jan. 27 5 9 15 31 114 X 2% 2% 30 Jan. % Sale 34* 35g Jan. 34% Jan. 16% Jan. 'At Jan. 15% Jan. 28% Jan. 20% Jan. 80 30 34 6 Mar. 17 % Jan. 41% Jan. 8 16 n 13 Jan. 25 Jan. 7 17 Jan. June 26 Jan. 2 4 Jan. 25% Apr. 10 1% Jan. 39% Jan. 4 10 7 % Jan. 30 2 115% Jan. 19 3% Jan. 68 Sale Sale Sale Sale Jan. 31 28 X IX 8% X* X Jan. 22 20 6X Sale 4X Sale 1% Jan. 45 13 6 3 117% Nov. 16 19 17% Sept. 20 3 Jan- l~3X ~~3X 11 19 Dec. 94 Jan. Jan. 3X Sale 25% Dec. Oct. 86 36X Sale Sale 12 21 8 147 9 17 %$ 11% 36 X 111% 3X 3 3 26 12 19 16 26 3 9 23 23 2% Jan. 19% Dec. % Jan. 89% Oct. 101 % Nov. 91% Oct. 2% Nov. 1% Jan. % Sept. 10 Sept. 18 22 15 110% Jan. 14 Apr. 5 Jan. 11 31 8 ,7* ";7- 16X 15% Sale X Sale 2X Sale 2X Sale 5X 6 5 38% Sale 114 16 109 16 17% Jan. Mar. Dec. 12 3 Jan. 8% Jan. Jan. J an. Jan. 6 7% June 28 May 19 90 13 Sale Nov. 16 22 2 105% Jan. 8 106% Jan. IX Jan. 31 8 11 9 62% Jan. 12 1% Jan. 23 5 % July -8 Dec. 11 11 * RR Co preferred 60 100 70 Atlanta Gas Light 6% pref.100 Atlantic Coast Fisheries * Atlantic Rayon Corp 4 24% Sept. 28 17 Jan. Jan. 33 31 IX * American deposit rects £1 18,600 32,000 t Assoc Gas & Elec common.. 1 Class A 1 296,900 $5 preferred * 82,700 Warrants 106,600 1,600 Assoc Laundries of America..* Jan. 40% Jan. 1 Class A non-voting * 361,300 6% preferred —10 80,800 2,710 Arkansas, P & L $7 preferred.* 17 8 Jan. 12 _* Apex Elec Mfg Co common * Appalachian Elec Power— $7 preferred 4,410 * 1 44,500 JArcturus Radio Tube 95,700 Arkansas Nat Gas common..* Atlantic Coast Line Co 17X 13% Aug. 'At Apr. 61 % Jan. 71 Jan. 27 15 Sale 5 common. 9 10% Jan. 27 al9X Jan. 2 155% Jan. 29 116% Jan. 30 _ 19.100 Art Metal Works Sale 16% * Preferred $6 series American Thread preferred 6 31X Jan. 10 * 12 13 34X Sale 15X Sale X, u 11X 26X Amer Republics Corp com.. 10 Amer Seal-Kap Corp com 2 American Superpower * Jan. 13 31% Jan. 25 X 30 6% preferred 25 American Mfg Co common. 100 Preferred 100 150,300 American Maracaibo * 20,700 American Meter Co * 400 Amer Pneumatic Service 7,150 Amer Potash & Chem Corp..* Anchor Post Fence 1 31 2 31X Sale 30X 32% IX Sale 31X Sale Sale 28X American Laund Mach com .20 American Light & Traccom.25 Jan. Jan. June 29 1 4 31 28 X .10c preferred $6 series.. Jan. 19X Jan. 138X Jan. 114% Jan. a 20* 28 X com 10 Jan. 96% Jan. 2% Jan. Jan. c Sale 1st 18 Jan. 97 Sale 100 Sale 96% Jan. 106 X Sale 105X 107 103X Jan. 1 Jan. IX IX IX 42 X 45 Sale 41 Jan. 44 6X 6X 6X 6X Jan. 7X 2X 3 IX 2X IX Jan. X X X Jan. X 20 X Sale 19 X 19% Jan. 70 X 76 76 72X Jan. X X X X Jan. Sale American General Corp $2 preferred $2.50 preforred 18* Sale 16 X 106 Sale Prices 14% July 18% Feb. 10 2% Aug. 24 5 Aug. 24 6% Sept. Jan. Jan. 2X Jan. 1 Jan. 6% 10 115 2 American Invest of 111 % Sale 27 com * American Gas & Elec new..10 $6 preferred * 77% Jan. Jan. Jan. 2% IX ' Sale 27 Amer Fork & Hoe Co 75 140 15 2 Jan. X Jan. 74X Jan. Sale Sale 25 Conv class A 10 X 20 22% Jan. IX Jan. 17X Jan. 101 3 IX 24 5% 6% 10% 2% 20% 10 Sale 74 19X 148X Sale 139% Sale 108 American Centrifugal Corp_.l Amer Cities Power & Lt Corp— 1,275 22,000 97,800 4,800 12,775 « Sale Sale Jan. 4X Jan. 5X Jan. 6X 10X 2X 2 Sale 20 8 com 20,090 470,600 31,475 50,200 8,550 1,025 6,900 1939 Hlgliesi - Sale Prices 22 X Sale 4* 9X 19 Class A with warrants 25 Class B 1 760 Amer Cyanamid com class A. 10 Common class B non-vot--10 498,900 American Export Lines com__l 21,000 Amer & Foreign Power warr For footnotes 21 20 X Highest Sale Prices 93 1% IX 6% preferred Ameriban Beverage Corp Aluminium Ltd 16,850 23,300 60,075 73,800 4,300 16,600 103,600 13,700 39,600 170,300 31,500 19 22 X * - 125 Assoc Tel & Tel class A Atlanta Birmingham & Coast 3,400 Sale 23 ... 25 Assoc Breweries of Canada Associated Elec Industries— 7,500 50,600 12,300 Sale 5X 5% 10X Lowest' Lowest Sale Prices Ask 22 X 20 X 101 $6 preferred Alles & Fisher Inc common * Alliance Investment common * Allied International Investing * 6,150 Aluminum Industries 127,500 29,800 489,900 10,950 106,500 25,200 18,500 13,400 15,800 Jan. 31 Aks Bid tz 50 * * 130 " Bid ............... 33,950 6% preferred 10,200 Aluminum Goods Mfg 99,160 7,650 22,400 2,250 31,800 1,600 10,900 4,800 1,050 121,200 Bid 10 Class B Allied Products Corp com..-10 Class A 25 137,250 Aluminum Co common .* 425 3,900 Acme Wire Co common Aero Supply Mfg class A 1,445 500 100 6.950 550 Par t Air Investors Inc YEAR Jan. 3 1939 Shares " RANGE FOR PRICES IN JANUARY Price NEW YORK CURB EXCHANGE 12 Months 4 4 9 3 8 Jan. 4 % Jan. 1% Jan. 15 11 Aug. 22 96% Jan. 23 2% Apr. 11 17 Apr. 8 3% Feb. % Apr. 2% June 11% Sept. 'At Apr. 1% Dec. 4 11 15 1 14 20 10 Mar. % Jan. 26 17 22 22 22 29 6 6 13 6 3 1% Jan. 3 11% Mar. 10 'At Jan. 3 % Jan. 3 2% May 123 68% Dec. 98 Feb. 4% 31% 9% 1% 5% 25% Sept. Jan. Sept. Sept. Sept. Jan. % Jan. , 3 9 3 13 4 14 5 22 12 9 Apr. 29 YORK NEW 42 AOOREGATE Price NEW YORK In Shares Shares : i ;; I 2,200 400 75 375 800 ■ 52,700 1,150 600 5,400 i 3,300 17,100 600 300 1,700 1,600 1,300 32,300 15,600 19,400 1,750 925 630 180 1,800 6,900 100 4,200 820 175 200 150 1,600 """700 """200 150 5,900 - 3,900 4,200 *4,100 200 90 3,400 1,600 2,200 200 400 6,100 6,400 74,800 2,400 10 800 400 250 100 50 700 1A Telep Co of 6 li 7Yi 4 4 4 Sale 8% Sale 50 20 Sale ""4% "6~" 4 5% 13 64 64 Jan. 123 45 40 Jan. Jan. 41 12% 14% 13 H 38 6 4 14* 38 4 14 14 4 38 29% Jan. 10 15% Apr. 29 4 Apr. 10 5 Apr. 8 % Oct. 23 % July 6 7% Jan. 25 4 May 24 4% Mar. 31 1% Sept. 6 17 Oct. 4 20 Oct. 23 3% Apr. 10 2% July 27 10 Sept. 12 28% Sept. 27 9% Sept. 27 Jan. 3 Jan. Jan. Jan. Jan. Jan. Jan 3 23 6 15 9 3 Jan. Jan. Jan. 6 6 9 19 6 22 74 Jan. 22% Jan. 7% Jan. 3 136 Jan. 15 22 Jan. 15 124 4 43% Jan. 46 Jan. % Jan. 2 14% Jan 3 74 22 29 ~16K 82,200 Blue Ridge Corp common... 1 $3 optional conv preferred.* 15,900 * 8,700 Blumenthal (S) & Co com 5,000 Bohack (H O) Co common...* 100 25 Sale l% lh 37% 394 7% ,8% 2% Sale 22 23% Sale 10 3% Sale 20 * 3*A 8% Sale Sale 1 8 Sale 1 12 4 Sale 31% 35% 74 Sale 150 Bridgeport Gas Light Co... 74,200 Bridgeport Machine com... 71 Preferred 22,500 Brill Corp class A Class B 14,500 .100 7% preferred.. 7,070 Brillo Mfg Co common 6,600 Olciss A 1,620 British-American Oil Co— 14 28 4 11 Sale Sale 32 115* 14 40 4 64 24 26 4 64 34 30 284 27 Sale 17 27 5 6% Jan. 25 11 6 Jan. 134 12% Jan. 20 15 Jan. 4 4 14 Sale 414 42 74 Sale 2 24 27 4 Sale 33 33 4. 54 5% 1% Jan. 40% Jan. 17 3 A°A Jan. 13 4 IK Sale AH 6 7 11% Sale 354 374 Sale 55 3 24 14 28 4 12 3 14 294 12 4 6 Jan 14 Jan. 26% Jan. 28% Jan. 5 Jan. 42 10 4 3 2 1 % Jan. 7% Jan. 1 Jan. 7 Jan. 5 18 12 A Sale 6 12% Sale 36 Jan. Jan. 8 12 2% Jan. 30 54 Jan. 10 Jan. 8 11 30 9 Jan. 9 1% Jan. Jan. 8 6% Jan. 12% Jan. Sale 1 31 12 4 344 124 26 29 300 Amer British 400 " 1,700 1,000 400 800 "24",600 200 2,050 8,300 1,600 0,500 900 900 300 600 dep rets ord bear. .£1 .£1 dep rets ord reg Amer 5 2% Jan. 30 1 3 3% Jan. Jan. 2% Jan. 1% Jan. 24 11 Jan. 22 49 5 Jan. 31 29% Jan. 12% Jan. 30% Jan. 12 3 31 12% Jan. Jan. 3 3 3 31 Class A ""*"75 (EL) Co 5 Buckeye Pipe Line 50 Buff Niag & East Pow pref.25 $5 1st preferred * Bunker Hill & Sullivan—2.50 Amer dep rets— Burry Biscuit Corp -_12%c Burma Corp 11,800 100 pref. ..£1 "6",600 400 3,900 800 1,300 2,000 , 610 320 24,200 200 500 100 9,000 dep rects 54 % 2,000 -20 19,600 Calamba Sugar Estate Co.. 5 25 Camden Fire Ins Assn—.. .25 3,025 Canadian Car & Fdy pref. Can Indus Alcohol class A B non-voting Canadian Marconi Co ..* -II 1,400 Carman & Co conv A stock..* Class B * 5,700 —* 17,000 Carnation Co common 71,600 Carnegie Metals Co common. 1 4,390 Carolina Pow & Light $7 pref.* $6 preferred * 1,570 1 Corp common 1 Carter (J W) Co common Casco Products Jan. 3 3% Jan. 4% 32% 30% 6% 14 5% Sept. 1 3% Sept. 1 4% Aug. 24 17 25 6 24 23 10 20 4 36 7% 77 4% 2% 39 13% 32% Jan. Aug. Dec. Aug. Aug. Apr. 9% Jan. 29% Apr. 2% 52% 14 % 21% 5 3 Nov. 3 Nov. 20 Nov. 24 Nov. 17 Jan. 4 Jan. 18 Mar. 10 Feb. 23 Jan. 3 Jan. 3 24% 5% 12% 11% 12% Dec. 20 Nov. 15 Jan. 3 Mar. 15 Jan. 5 Sept. 22 Sept.13 7 9 June June 23 18 4 20% 20% 20% 20% 18% Jan. 18% Jan. 15 20% Jan. 19% Jan. 29 18 13% Sept. 21 14% Sept. 29 24 18%* Sale 204 2 234 % 14 14 14 1% 14 1 % Jan. 13 1% Jan. 25 Jan. 23 4% Jan. 2 27% Jan. 4% Jan. 18% Jan. 3 10 5 % 21% 7% 3% 18 Sale 27 21 74 Sale 24 Sale 6 15 4 27 4 154 Sale 20 4 Sale 1064 Sale 15 Sale 2 24 24 3 44 Sale Sale 23 4% 1% 1% 2 4 4% 4*4 22 10% 11% Sale Sale 28 22 13% Sale 2% 2% 1% 1% " 1% 8 1% Jan. 15 Jan. 16 11% Jan. 26 2 4% Jan. 11% Jan. 35 Jan. 4 26 31 15 22% Jan. 28 Sale 21% Sale 12% 13 Sale Sale 34 164 174 3% 44 17% Sale 3% 15% 33 34 22% Sale * 3% 3% Jan. 20% Jan. 103% Jan. 12% .Tan. 19 19% 6% 2% Jan. 23 1 Jan. 31 % Jan. % Jan. 11 10 4 "24 "34 24 34 1 14 Sale" 134 3 24 4 88 82 30 44 244 Sale 894 Sale 20% Sale 6 64 20,400 Cent Ohio Steel Prod— 6,035 Cent Pow & Light 7% pref.100 15 234 44 Sale 90 4 Sale 44 34 20% 6% 2% 2% Sale 1 9% Sale 1% Sale 22% 5 64 38% 90 8 914 14 Sale 84 93 39 100 Sale Sale 92 Sale 13 % 74 10% Sale 74 11 20 Sale 2% 2% 21% Sale 2% 2 2% % Sale 9% Sale 1 1% Jan. 14% Jan. 2% Jan. 1% Jan. % Jan. % Jan. 3% 3% Sale Sale 14% 14% 5% Sale 85 Sale 31% Sale 15% 16 97% 8 Oct. 1% Sept. 19% Sept. 26 3% Apr. 10 24% Jan. 4 % Apr. 8 78 17 3 11 8% Sept. 5 5% Feb. 23 9 Apr. 11 17 May 17 2% Aug. 23 25 16 3% Jan. 8 Jan. 30 5% Jan. 25 97% Jan. 99% Sale 97% 7 4 Jan. 8 Sale 9% Jan. 10S 110 109% 110 2% Sept. 15% Dec. 85 8 Jan. Jan. 1 1 % Mar. 31 10 2% Jan. 14 5 111 4 2 31 31% Jan. 31 3 15% Jan. 30 Jan. 10 3 109 9 100% Jan. 29 18 8% Jan. 26 3 115 Jan. 8 85 Jan. Feb. Jan. 76 3 8,100 6,900 300 175 525 75 92,200 153,600 Central States Elec common. 7% preferred 100 8,600 6% preferred 100 15,848 Conv preferred 100 1,925 Conv pref opt ser 1929—10.0 4,350 101,200 Centrifugal Pipe Corp Chamberlin 300 450 125 53. a 11 14 4 Sale 104 2 Jan. 22 2% Jan. 2% Jan. 2% Jan. 30 yt Jan. 8% Jan. 2% Jan. 2% Jan. 2% Jan. Sale Sale 7 2% 44 Sale 44 Sale 44 Sale 44 Sale Sale 2 2% 2% 3 6 31 29 Sept. .5 10 5 64 Sale 54 64 4 74 Dec. 12 15% Apr. 14 26 Sept. 11 4% Jan.. 3 Dec. 29 Mar. 11 Aug. 13% Jan. 90 Apr. 85 Apr. 6% Aug. 85 Jan. Oct. 6% 4% 7% 3% 6% 4% 7 3% Jan. 6% Jan. 13 Jan. 4 Jan. 25 7 13 Jan. 11 Jan. 10 15 10 20 2 114% Dec. 97% Nov. 15 11 Sept. 12 112 Dec. 11 3% May 4 5 21% Jan. 17 9 2 6 Nov. 9 Dec. 12 Dec. 11 112% Nov. 17 Sept. 12 % Dec. 8 % Dec. 20 7 June 30 2% July 5 2 Dec. 13 Jan. 8 Aug. 16 94% Aug. 1 Feb. Metal Weather Strip Co 7,400 4,100 Charip Corp common 1,275 Cherry-Burrell Corp com For footnotes see page 14 4 94 % Jan. 4 Jan. Sale 2 3 102 16 Apr. June 48 24% 5% 39% 1% Dec. 12 Central & Southwest Utilities— 50c 5 4 7 May 25 18 96% Jan. 8 Jan. 17 2 19 5 Jan. Jan. 25 18 106% Jan. 109 15 15% Jan. 7% Jan. 11 Jan. 20 Jan. 3% Jan. 69% Jan. 20% Jan. 9 Dec. 22 Sept. 1% Sept. 23 Jan. Mar. 9% Dec. 22 12% Jan. 7% Jan. 10% Jan. 105 3 4 Mar. 23 % Oct. 6% Jan. 39% Jan. P2 Jan. 2 106 Jan. 16 Jan. Feb. 15 Jan. 19 13% Sale 7% 7% 10 11% 17% 20 2% 2% Jan. 2 Jan. 38 34% 23% 100 Sept. 12 107% 20% 11 Apr. 11 1% Sept. 27 1% Aug. 24 22 22 5 12 7% 39 4 8 1% Jan. 30 A Jan. 105 105% 100% Jan. 96% Sale 92% Jan. A Sept. Dec. Jan. 5 j% Jan. Jan. 6% 38% 6 17 7 26% Sept. 5 19% Apr. 11 Apr. Aug. 1 1 42 2 3 24 8 4% May 29 May 29 18 10 9 % J an. 22 4 Jan. 24 Oct. 22 3 16 12 1% Oct. 19% June 4% May 1% Apr. 2 Jan. 7% Jan. 2% Jan. 2 29 Dec. 15 Dec. 15 1 % July 26 June 13 29% Dec. 13 7% Jan. 3 25 Aug. 1 28 4% May 24 x25 Sept. 8 22 Oct. 25 33% Mar. 3 8% June 19 4 Sept. 12 3 Oct. 28 17% Jan. 17% Jan. 21% Jan. 6% Jan. 2% Jan. Feb. 16 Oct. 17 Mar. 31 Feb. 28 22% June 27 2% Apr. 11 11 25 23 Sale 107 72 21 134 24% 4% 16% 17 26 30 108 2 VA 1 .« 5 1% Jan. 35 4 4 % Jan. 2 2% Sale 10% 11% A A 14 430 Cent Maine Pow 7% pref. .100 7,960 Cent N Y Pow 5% pref....100 Common 9 2 214 214 21 1st 2,940 preferred part * $7 dividend preferred 4,675 19,500 Cent Hudson Gas & Elec com.* 575 8 2% Jan. 3 17% Apr. 10 22% Mar. 1 22% Jan. 20 * 590 1,860 1,700 10 4% Apr. 16% Oct. 17% Dec. 18 10 1 Castle (A M) & Co Catalin Corp or. America Celanese Corp of America— 1,925 3,800 40 Apr. 1 % Sept. 42% Aug. 9 Jan. 13 lo -1 7% 1st partic preferred—100 18,935 15 II,200 Celluloid Corp common 1,100 2,000 19% Sept. 22 Apr. 19% Jan. * Carrier 4 4 Capital City Products.... .25c 113,300 Oarib Syndicate com 222,800 8,200 15,700 1,650 92,600 Dec. 6 18% Jan. • Canadian Colonial Airways 8 9% Sept. 28 19 ,50c 7,800 Cable Elec Products com... 50c Voting trust ctfs 24,900 82,000 10,100 1,500 228,600 5,025 June 18% Cables & Wireless— 100 40 4 Apr. 34 3 Mar. 21 134 18 Bruce Am 8 5 Jan. 174 preferred 1 21,300 Brown Forman Distillery $6 preferred * J 750 91.800 Brown Rubber Co common.. 1 4,700 9.500 70,150 13,450 86,500 4,000 9,900 Jan. 17 214 214 Celanese-Ltd— 10s Am dep rets ord reg 625 British Col Pow class A... 100 26,750 jBrown Co 6% preferred— Brown Fence & Wire com. ..1 5,200 21,200 2,300 15 31 15 14 21 21 Coupon stock (bearer) — Registered.. Ltd- 13,900 2,000 176% Aug. 124 Aug. 45 Aug. 48% Aug. 32 Jan. 49 British Amer Tobacco 1,200 4 3 16 Dec. 6 23 10% Jan. Mar. 4% Sept. 1 22 Jan. 11% Nov. 36% Jan. % Sept. 2 5% Dec. 20 Jan. 8 38 . 24 Sale 44% 45 24 24 5 Jan. 10 Jan. Jan. Jan. 2 9 Jan; 8% 2% 27% 35% 5% 9 14 74 4 74 5% Feb. 23 x34 25 Feb. 23 % Dec. A Aug. 13 3 3 Jan. 15% Nov. 10 Jan. Jan. 10 Dec. 30 Jan. 40 Oct. 16 Jan. 4 Sale 64 84 1% 14 49 75 4X4. 14 14 h 40 5 4 1% Sale 100 * 144 120 Feb. 4 Jan. 31 Jan. 6 Mar. 4 Sept. 15 2 118% Apr. 24 5 50 4% Aug. 64 Jan. 7 7% 1% 1 % 10% 9% 12% Aug. 15 38 4 54 4% Sept. 11 3% Aug. 3 31 4 4 ~"7% Sale common—~ 411,9001 Brewster Aeronautical 4 2 Jan. 13% Aug. 24 25 Jan. 14 5 25"" A Jan. 45 A Sale Jan. 4% Jan. 19 12324 124 122% 144 37 4 40 45 Sale 52% Dec. 30 17 % % 10% 7% 13% Jan. 132 17% 13 11 11 15 11 4 35% Sept. 6 2% Aug. 17 2 8 4 3 64 Jan. 17% Jan. 64 Jan. Sale Sale Sale 22 Sale . % June 28 1% Aug. 25 8 7 54 Jan. 44 Jan. 64 54 15 8% Jan 8% Sept. 22% Sept. 18 Aug. 3% Sept. 4% Nov. 5 2% Apr. 11 Apr. 6 14 Sept. 8 15 26% Jan. Jan. 20 43 1% Jan. 4% Jan, Jan. 3% Jan. Jan. Jan. Jan. Jan. 30 * 32,500 l Common 12,300 ; 7% 1st preferred 2d preferred 28,400 93,400 Brazilian Tr Lt & Pr ord 188,800 Breeze Corp 24 13 17 23 19 5 19 15 30 12 Sale 7% 122 14 % * 2,620 7,525 Borne Scrymser Co 13,700 Bourjois Inc.. Bowman Biltmore Hotels— 22 21 53 44 15 44 20 Sale 120 $2.50 conv preferred * Birdsboro Steel Fdy & Mach.* 7% 1st preferred 22 25 74 Sale 7% Sale 36% Sale 10 5 Furniture Co..l -238,000 Bliss (E W) & Co 19 25. 21 54 12 4 15 Sale 14 Canada.-.100 125 Blauner's common Jan. Jan. % 94 64 104 Sale 7 11% 14 nVA 23 20 -1 common...1 common.-.1 Bickford's Inc common 6,700 I,320 64 Sale8 4 Purchase warrants 330 ji 6 74 74 12 4 Sale Sale 2 Bell Telep of Pa 6% % pref. 100 Benson & Hedges common...* Convertible preferred —* Berkey & Cay 53 23 54 Jan. 64 Jan. A Jan. 64 Sale 6 10 Beech Aircraft Corp com Bellanca Aircraft Jan. 23 3 6 47* 204 194 7% Sale YA "6% "6% 20 $1.50 conv preferred 12 Jan. Jan. 54 Sept. 5 8 23 12 9 194 Jan. a Sale • 64 Jan, 6% Jan. Jan. uiU 14 14 34 Sale 50 4 Sale 21% Sale 8% Sale Co com 1 Bardstown Distillery Inc.——1 Barium Stainless Steel —1 Barlow & Seelig Mfg class A.-5 Basic Dolomite Inc common..1 Bath Iron Works Corp 1 Baumann (L) & Co com....* 7 % 1st preferred 100 7% 1st pref vot tr ctfs—100 Beau Bremmell Inc 1 Beaunit Mills Inc common.. 10 Bell Aircraft Corp Sale 22 30 Highest Sale Prices 17 Jan. 15% Jan. 3 Purch warr for common Bell 15 Sale 514 Sale 28 % Lowest Sale Prices 24 4 Jan. 3 4 3% Sale Baldwin Rubber 387,600 197,700 184,400 2,310 1,645 4,600 2,550 55,200 27,400 15,460 1,17 ~ 17,40' 16* 20 18 17 16% 14 144 14 * 7% preferred 1,800 6 54 18 16 Collieries 116,700 Babcock & Wilcox Co Baldwin Locomotive— 26,750 398,100 18,400 17,200 134,700 6,250 33,300 213,500 Sale Prices 54 Jan. 29 Jan. 12 Ask 5 4 Sale Ask Bid gg Highest Sale Prices Lowest Jan. 31 Jan. 2 Bid (Continued) Par Auto Voting Machine com.—* Avery (B F) Sons Co -5 6% preferred with warr—25 6% preferred ex-warr 25 STOCKS 1,200 Ayrshire Patoka 30 523 Jan. 3 1939 Purchase warrants.. 10,400 510,900 Aviation & Transport Corp.. 9,990 Axton Fisher Tob class A...10 500 9,900 12,000 6,500 „ EXCHANGE CURB 12 Months 1939 YEAR 1939 RANGE FOR PRICES IN JANUARY SALES January EXCHANGE CURB 3% Aug. 25 5% Jan. 23 x!2 Apr. 20 1 % Jan. 20 % Sept. 14 Mar. 11 5 Mar. 11 5% Feb. 9 4% Jan. 19 4% Jan. 3 14 7% Jan. 4 7% Nov. 21 15 Jan. 24 NEW FEB., 1940] K CURB IORK AGGREGATE 4 SALES Par 5,850 Chesebrough Mfg -.-25 23,900 Chicago Flexible Shaft Co—5 11,700 Chicago Rivet & Machine 4 26,400 Chief Consol Mining Co 1 16,675 Ohilds Co preferred^ 100 Cities Service com\non.Preferred 10 * * * Preferred B Preferred BB Cities Serv Pr & Lt $6 pref—* $7 preferred--_City Auto Stamping Co City & Suburban Homes * * Bid Ask Bid 110 133 128 Sale 72 9K x 23 X 7K Sale Sale Ask Bid 111 Sale Sale 10 h Sale 57 X "_7K ~"s" K 58 Sale 50 K 4 4K Sale 58 6 60 50^ 5X 82 Sale 86 Cleveland Elec Ilium com * Cleveland Tractor com * Clinchfield Coal com 100 Club Aluminum Utensil com.* Cockshutt Plow Co Ltd--.--* 36 37 K Sale 5X Sale 2 2X 43 X 3 * 7K Sale 8X 85,800 Colon Development Co Ltd-Is 6% convertible preferred £1 6,200 77,500 Colorado Fuel & Iron warr 43,950 Colt'8 Patent Fire Arms Mfg 25 Columbia Gas & Elec Corp— 5% preferred 100 10,750 313,600 Columbia Oil & Gas com---—1 175 Columbia Pictures Corp -* Commonwealth & Sou Corp— WftrrEHts 367,100 8,875 Commonwealths Dlstribut—1 20,125 Community P & L $6 1st pf-_* Community Public Service— Common 25 31,725 1 12,700 Community Watsr Serv Compo Shoe Machinery— V tcext to 19461 14,300 Conn Gas & Coke Security— 25 $3 preferred * 1 13,400 Consolidated Biscuit Co 58,150 Con Gas E L & P Bait com—* 4K% series B pref 100 1,910 ----1 50,400 Consol Gas Util com 5 18,400 Consol Min & Smelt Ltd 3K Sale IX 4X 6X Cohn & Rosenberger com 1 24,700 Cons Retail Stores Inc com 490 8% preferred— 100 15,500 Consol Royalty Oil 10 123,800 Consol Steel Corp common.--* 4,100 Cont'l G & E 7% pr pref--.100 8,000 Continental Oil of Mexico. 58,100 Cone Roll & Steel Fdy com.—* <* 7,710 Cook Paint & Varnish Co 46,000 1,880 3.300 1,100 5,300 41,300 1,360 83 Sale Sale 3K Sale 64 2X Sale Sale -—* Cosden Petroleum com.. 1 5% preferred 50 Courtaulds Ltd £1 Am dep rets for ord stk reg com 5 Crocker Wheeler Elec Mfg__ Creole Petroleum Sale % Sale 28 25c 7% conv preferred 25 Crystal Oil Ref Corp com..-.* S6 preferred 10 Cuban Tobacco Cuneo Press * common * com- 5 * -1 35 1 Detroit Mich Stove Co --1 Detroit Steel Products 200 De Vilbiss Co common 7% preferred 2,675 Diamond Shoe Corp com 800 Distilled Liquors Corp 10 * 5 100 40 Dominion Textile Co com 200 Dominion Tar & Chemical Jan. Jan. Jan. 5% Jan. 6X Jan. 16K Jan. X Jan. 4% Jan. 22 Jan. Jan. 24 Jan. 10 23 Jan. 4 Jan. 23 16 K Jan. 11 4 Jan. 3 4K Jan. 4 11 30 11 64 Jan. 2 67 Sale Jan. Jan. Jan. 45K 6K 2K 3K Jan. Jan. Jan. Jan. 4 11 8K Jan. 9 4 13 2K Jan. 4K Jan. 6K Jan. 2X £ Sale Sale 353 17 X . 41K Jan. 83 2 Jan. 70 Jan. 8 26 2K Jan. 29 8 Jan. 4 11 Kb Jan. IK Jan. 41, Jan. 15 X Jan. IK Jan. 44K Jan. 15 11 Jan. 22 37K Jan. 26 23 17X 17K Jan. 9 17K Jan. 24 1 6 8 6 26 234 17X 5K Oct. Jan. 11 Aug. 22 July 31 Jan. 3 5 Apr. 29 7K Jan. 3 Jan. 4 3 55X Jan. . 3 IK Dec. 20 7K Sept. 26 3 Ke Apr. 22 % May 3 Apr. 8 Sept. 18 Kb June 22 13 X Apr. 11 Jan. 30 2K Dec. 30 37 Jk* 72 c Sale 3 2X 3K 3X 79 Sale Sale 78X 117 117K 118K 120 IX Sale IX Sale IK 38 37K 36X 37X 37 X 2X 81X 117 "'M Sale" 59K 59 K 6 Sale 3X 3X 1K 6K IX Sale IX 5X IX Sale 81U 84.. 3 Sale Jan. 12 3 Jan. Jan. 18 83 Jan. 4 5 119K Jan. 2 IK Jan. 23 Jan. 12 Jan. Jan. 4 39K Jan. 5 Jan. 19 3K Jan. 24 IK Jan. 4K Jan. 4 IK Jan. 5K Jan. 4 3 25 * 1 * 10 100 10 * 89,500 Eastern Gas & Fuel Assoc 6% preferred 100 77,800 4K% prior preferred 100 51,375 3,300 Eastern Malleable Iron Co. .25 30,400 Eastern States Corp com.....* $7 preferred series A... * 6,650 $6 preferred series B * 10,350 14 9 95 97% So* X U 9n 8X 7% 7 9 0 Sale % 6 6X 10X Sale 9X Sale 5 16K Sale Sale a 4X Sale 16 16K X IK 1 72 73 IX 9% 23 K 22 X 7K 5X X IX IX X Sale Sale Sale 2X 2 7X 8 IK VA Sale K 7?* 7§* Ix lx 90 20 K IX 12 261 5X 5k 'A Sale 1» 2 „ Sale 7K 11 31 4 Jan. 18 12 6 9K Jan. 8K Jan. 22 25 Jan. 31 4K 15K K IK 70 IK 9K Jan. Jan. Jan. Jan. 12 7K 20K 5K K Jan. Jam Jan. Jan. 22 11 19 Jan. 27 Jan. 13 IK Jan. 7K Jan. 18 11 Jan. IK Jan. Sale 23 Jan. X Jan. X 25 5X IK Sale 5 90 Jan. 98 2 Jan. 8 K Jan. 7X Jan. 10K Jan. 4 10K Jan. 25X Jan. 3 5 5 8 Jan. 2 16K Jan. X Jan. 2 24 IK Jan. 11 74 Jan. IK Jan. 10 Jan. 5 2 20 15 6K Sept. 23 5 Sept. 11 3K Mar. 11 8K Oct. 27 9K Dec. 5 4 Jan. 74 K May 13 4K Jan. 14 Jan, % Aug. 14 IK Aug. 1 Dec. 20 45 Dec. 23 K Jan. 20 35 17 K Dec. 13 Jan. 30 37 6K Feb. 24 Jan. 2K Apr. 1 Jan. 6 Mar. 31 98 Aug. 1 Sept. IK Jan. 11 3 8 Sept. Apr. 10 7 100 Dec. 84 Jan. X Mar. 23 K Sept. 4K Aug. 24 13 K Sept. July 8K Sept. 15 11 4K 15X 3K 10X K IK Apr.' 11 Jan. June Apr. Sept. Sept. 70 Aug. X Mar. 4 Apr. 26 30 10 12 1 23 31 1 9 7K Jan. 3 4K Sept. 14 22 K Jan. 11 6K Jan. K Jan. 4 2 16K June 30 4K Aug. 23 X Dec. 26 2X Jan. 7K Jan. 17 IK Jan. 18K Jan. 18 9 2 26 8 IK Dec. 29 IK Apr. 10 Sept. 21 6 6 K Aug. 23 14 Jan. 6 2K Jan. 3 19 7 Feb. 28 2K Aug. 23 A* 49 A* 2X 3X 3K 2K Jan. 2K Jan. 12 111K Jan. 29 45K Sept. 12 107K Sept. 27 19 3 Jan. 6K Jan. 7X 15 7K 14X 7 2 7K 14*/$ \X 2 Jan. 19 50 111 16 25 7 Sale 27 Sale 4 K 17 X 4X Sale it* it* 19 Sale 18 19 Sale 8H 15H IK Sale Q 2X Sale 30 Sale 28K 29K 7K Sale 4K Sale IK Sale 31X Sale 7K Sale 4K Sale IK Sale 40 50 16X Sale 16K 17 IK Sale IK IK 1 IK 1 ?* jg 3 4K Jan. 17K Jan. 11 17 29 Jan. 15 5 6K Jan. 4K 17K 19K 31X "~3 Jan. Jan. Jan. Jan. 9 24 5 Jan. Jan. 12 8 Jan. 3 4K Jan. 10 4K Jan. 2 IK Jan. 31 2 3 7 5 Jan. 16 50 11 10 Jan. 24 18 16K IK IK K Jan. Jan. Jan. Jan. 12 19 IK IK 18 13 10K 17X IK IK Jan. Jan. Jan. Jan. 2 17 2 4 Sale 19 o \V* Sale 3 1 Jan. 3 Jan. 31 22 Jan. 2 26K Jan. 22 8 26K Jan. 17 26K Jan. 8 IK Sept. 6 Apr. 10 6 3K July 14K Jan. 9 23 X Dec. 5 Apr. 1K 3 8 9H 29 K 25 K IK IK IK 14K 13 K 12K 8 12" T2~K Sale 4K 5 27 28 Jan. 15 IK 14 K 7K Sale 4K 5K 9 12 4 11 12K 11X Sale 8K Sept. 17 IK 3K 90 2K 13 7K July 76 77 77 19K 21 29 31 27 IX Sale 65 68 1H 2X 5 6K Sale 7 14 X Sale IX Sale 75 X 2K 6K 12 a X* Sale 1 2K 7 Sale 12 Sale 3K Sale 19K Sale 24 K Sale 44 1 17 X 17 Sale IX 20 18^ Sale^ 19 17 X Sale IX 77 X 2K 7K 10 h 3K 78 29 X Sale Sale Sale Sale Sale Sale Sale Sale 19 K 44 Sale X 16K 16 K 1 19 18 77 3 Jan. 4 78 Jan. Jan. Jan. Jan. 11 29 Jan. 4 22 108 K Jan. 22 31 11 Jan. 2 1X Jan. Jan. 77 Jan. Jan. Jan. 23 IX Jan. 2K Jan. 7K Jan. 21 24 June 19 Aug. 24 K July 12 17 Sept. 5 22K Nov. 15 1 14 1K Nov. 20 10X Jan. 2K Jan. 18K Jan. 42K Jan. 10 Jan. K Jan. 16K Jan. 16 Jan. 29 12K Jan. 3K Jan. 22 X Jan. 48 Jan. 18 15 15 4 29 Mar. 22 9 Jan. 30 13 27 IK Sept. 6 8K Sept. 11 7K Jan 4 18X Mar. 29 19 K Dec. 22 30 X July 12 27 Nov. 22 3 Sept. 11 2K Jan. 4 2K Sept. 11 31K Jan« 6 29 K Apr. 26 10 Mar. 22 2 31 Nov. 24 8 11 3 8K Dec. 8 9K Mar. 31 15 Aug. 25 30 Jan. 27 64 19 July 17 62 Apr. 19 Jan. 14K Sept. 11 May 10 5K Nov. 6 83 Oct. 21 10 Apr. 8 33 K Oct. 105 X Aug. 19 110 Dec. IK Apr. .11 61X Sept. 1 79 Dec. 25 2 Jan. K July 8 2K Dec. 14 8 5 Mar. 31 8 1 8 6 Apr. 25 Apr. 8 8 16 ipr- Ai June 15 Jan. 4 18 % June 29 20 19 22 10K Apr. 14 10 Aug. 24 Jan. 111K Aug. 30 21K Feb. 21 Dec. K Jan. 19 X Jan. 10 18 28 Sept. 7 4K Jan. 4 56 K May 29 11 IK Nov. 17 3 2 13 July Xt July 18 11 9 27X 108K IK 75 X 2K 6K 29 28 Sept. 11 9K Jan. 16 K Mar. 3 3 Jan. 21 3 Feb. 17 11 July 31 17 K Aug. 1 60 67 X June 12 Mar. 15 Mar. 15 Sept. 6 Sept. 5 12K Dec. 4 3 X Apr. 27 13X Jan. 8 Jan. 12K Jan. 8 18 K Nov. 21 7 Apr. 13 K Jan. 4 11K Jan. 26 8K Aug. 15 6K Feb. 23 2K Sept. 6 45X Sept. 5 26 K Aug. 11K 4 9 27 Aug. 29 IK Aug. 26 35 X June 15 IK Apr. 13X Jan. 7K Jan. 15 6 11 4 10 28 K Apr. 3 17 11 11 13 K Sept. 25 27K Sept. 25 Kb Apr. 7 21 23 14 84 K Aug. 1 Sept. 21 121K June 22 X Apr. 12 IK Oct. 13 8 35 X Dec. 60 Jan. 4 71 15 25 6 4K Aug. 9 9K Sept. 26 96K Sept. 14 Ill 22 4 7 44 K Dec. 86 IK 19 Sept. 11 34X 3K IK 2K 1X Sept. 4K Oct. Apr. 70 Apr. 14 Dec. 6K Nov. 29 20 K Mar. 14 6 IK Jan. K Nov. % Sale 62 K Dec. Dec. IK Apr. 4 19 108 112 15 X July 4 6 Dec. 6K Dec. 13 4 July 4K Jan. 11 7X Jan. IX 4X 5X 77 9 23 8 IX 4X 5h 80 k 31 30 100 9K Feb. 66 3K Feb. 5 5,400 Durham Hosiery cl B com 59,500 Duro-Test Corp common 21,709 Duval Texas Sulphur 37 Mar. 53 K Jan. 55 Jan. 52 89 16 2 65 100 1 53. 4K Nov. 3 24 43 X Mar. Jan. Jan. 34 X 15K * 13,400 Driver Harris Co common 7% preferred 50 29,050 Dubilier Condenser Corp 3,875 Duke Power Co see page 3 58 X Jan. 24 __ 3,105 Draper Corp.. 204,700 Eagle Picher Lead Co Jan. 15 10 Jan. 41 14K Distillers Co Ltd— Am dep rets ord reg £1 1,900 87,400 Divco-Twin Truck Co com—1 1 5,900 Dobeckmun Co common 275 Dominion Bridge Co * 20,400 Dominion Steel & Coal B—25 30 3 10 * 2 Jan. 2 66 X 8 4 Jan. 55K Jan. 4X Jan. 2X 3X 40 1 * 1 6,100 Detroit Gasket & Mfg Co 6 % preferred ww 20 Detroit Gray Iron Fdry com.-l For footnotes Sale IX 4X 5X 78 X ^^ • K Jan. 30 3 _ 9K 4 Jan. 42X Jan. 5K Jan. 100 * 5 23,500 Daroy Petrol Corp. 5,100 Davenport Hosiery 55,800 Dayton Rubber Mfg Class A 5,210 127,950 Deoca Records common 10,100 Dejay Stores Inc common 25,700 Derby Oil & Ref com.A conv preferred 210 Detroit Paper Products Sale % 1K Sale * 46 IX Sale H Crown Drug common 1 *»t IK Ye Crown Cent Petrol (Md) .5 Crown Cork Internat cl A— com o 45 42 X Sale Sale % Sale 3 3K 2% Sale 9K Sale (The) Brewing Co 4 23 Highest Sale Prices Jan. 9 108K Dec. .26 130 Feb. 28 60 Sept. 5 79 10 K Nov. 21 5K Apr. 11 Kb Nov. 28 K Sept. 6 58 Jan. 3 20 K Dec. 27 6X Jan. 5K Corroon & Reynolds 2 4X 7X Sale Copper Range Co Copperweld Steel com Cornucopia Gold Mines * --.5 5c 10 55 K 8K Sale 6K % preferred 250 Curtis Lighting Inc com 950 Curtis Mfg Co (Mo) 3,200 33,000 10,300 10,800 16,800 4K Sale Cooper Bessemer Corp com—* S3 prior preferred * Crowley Milner& Co 1939 Sale Prices 21 7X Sale 4K 8K 92 — Croft 5X % Sale 3% 3* Jan. 9K Jan. X Jan. 82 89 X 5X Jan. 68 Sale Prices 2 116 Jan. 12 16 73 Jan. 4 4 Sale 55 X 89 Sale 1 1 5K Sale IK 2 Sale 4,900 264,100 65,400 73,200 2,000 27,100 12,900 4 Sale 1 Clayton & Lambert Mfg Co..* preferred A 21K ,K a 10 Clark Controller Co Claude Neon Lights com 2K 81,000 6,700 36,550 80,500 24,500 18,300 3,340 176,600 22,980 01« Lowest Highest Sale Prices 110 Sale Sale 54 6K Sale 114 72X Sale 8X 9X Sale 5X 55 84 93 X Lowest Ask 5h 52 X 5X 60* 45 54 55 Jan. 31 Jan. 2 1939 STOCKS (Continued) YEAR Jan. 3 1939 Shares 21,400 51,100 5,600 37,000 1,100 4,500 RANGE FOR PRICES IN JANUARY Price NEW YORK CURB EXCHANGE 12 Months 282,000 207,700 24,500 2,990 5,565 9,345 40,700 4,700 3,700 83,700 3,700 43 EXCHANGE 5K Apr. 10 1K Mar. 5K Jan. 9K Sept. 25 11 1 8 6 7 9 14K Sept. 6 5K Sept. 12 25 X Sept. 13 48K Dec. 12 12 Oct. 13 1K Sept. 24 24 Sept. Sept. 8 8 8 TORE NEW 44 EXCHANGE CURB AGGREOATE NEW YORK January Shares 3,800 350 4,400 144,500 8,600 1,900 850 Jan. 3 1939 (Continued) Par 47,300 Easy Washing Mach class B. * 5,950 Economy Groc Stores com—* 1 70,700 ELsler Electric com 5 2,703,700 Electric Bond & Share. 111,100 $6 preferred * 35,500 $5 preferred * 6,750 Electric Power & Lt 2d pf A..* STOCKS Shares Option warrants Electrographic Corp com..---1 Electrol Inc vtc -1 Elgin National Watch Co---15 Empire Dist Elec 6%_pref--100 Empire Gas & Fuel 7% pf-100 8% preferred 100 6% preferred -100 6 54 % preferred 100 Empire Pow Corp part stk-. Emsco Derrick & Equip Co-- 300 9,400 1,300 1,450 8,000 1,500 230,100 17,500 16,650 54,600 10,400 Fairchild Aviation com 300 1,800 300 ""450 175 350 50 150 900 11,800 2,475 5,500 ""loo 6,100 190 17,100 15,920 3,175 4,400 175 6,100 100 250 1,200 1,700 17,500 100 125 50 10 90 1,200 300 2,000 " Y.ioo 370 100 1,400 390 1,900 Equity Corp common——10c $3 conv preferred 1 Esquire Inc.-. -1 Eureka Pipe Line —50 1 Falstaff Brewing 1 Fanny Farmer Candy com—-1 Fansteel Metallurgical Corp--* Fedders Mfg Co common 5 30 Fed Compress & W'house—25 1,100 Fiat Amer dep rets -1 98,200 Fidelio Brewery —10 4,960 Eire Assoc of Phila 329,100 Fisk Rubber Corp common— 1 6% preferred 100 18,650 26,300 Florida Power & Lt $7 pref..* 125,150 Ford Motor of Canada cl A--* Class B voting * 4,000 Ford Motor Co Ltd— Amer dep rcts___Ord reg £1 70,600 1,500 Ford of France Am dep rets.. , 4,500 Fox (Peter) Brewing Co—---5 Froedtert Grain & Malting— Common 1 17,300 Partic conv preferred 15 17.950 1 106,000 Fruehauf Trailer Co 1 3,000 Fuller (Geo A) Co com— $3 conv stock — * 4,400 4% conv preferred 100 2,125 130 Gamewell Co $6 conv pref 2,000 Gatineau Power Co com 5% preferred 530 23,300 General Alloys Co 25,700 1,440 2,700 3,100 31,800 5,795 Bid 1939 354 Sale 1 "154 154 Sale 66 Sale 60 Sale 26 Lowest Ask 54 Ask Bid 4 Sale 394 4 16 17 1754 1854 154 Sale 154 Sale 7 54 Sale 694 Sale 66 Sale 6754 Sale 57 Sale 59 Sale Bid Sale 494 554 10 54 1054 154 Sale 3 Sale 1254 1354 154 Sale 20 Sale 50 62 62 Sale 64 64 61 Sale 60 61 63 61 2094 2294 10 1094 5U Sale 894 Sale 20 2 54 13 154 294 14 54 194 * * * $6 preferred Jan. 8 31 *6154 Jan. 4 27 24 12 5 20 Jan. 4 354 Jan. 3 Jan. 30 29 24 6394 Jan. 5 6554 Jan. 13 64 70 65 2654 1094 56 2394 454 2294 2854 Sale Sale Sale Sale 24 Sale Sale 64 6554 25 27 10 1054 % Sale 2394 454 2454 Sale 11 Sale Sale Sale 12 54 13 694 654 694 Sale 654 9 754 9 2294 Sale 24 5 Jan. Jan. Jan. Jan. Jan. 7054 1254 Sale 68 Jan, 5 Jan. 69 12 1194 56 Sale 6254 11H Sale 3 1454 294 1294 154 6894 754 2454 61 25 70 14 194 Jan. 5 Jan. 2 6894 Jan. 25 Jan. 27 75" "90" 24 494 454 Jan. 1794 Jan. Jan. * 57 68 794 2354 xs 1054 56 56 54 68 54 6754 6894 14 1554 Sale 10754 Sale 11094 10054 9694 Sale 17 Sale 1554 1554 1754 1754 Sale \S 16 31 31 70 7054 11 3% 18 85 754 2394 Sale 66 2 Jan. 194 Jan. 694 Jan. 66 Jan. 6354 Sale 23 354 Jan. 16 Sale Sale 74 Sale Prices 24 7 % 454 Highest Sale Prices 23 1054 21 Lowest Sale Prices 76 59 18 Highest Sale Prices Jan. 31 Jan. 2 Ask 254 1 iH 7% 8h 17 54 18 1154 Sale 1054 1754 2754 16 19 19 Sale 154 1094 1754 Sale 1954 Sale 10 H 6054 Jan. 64 Jan. 25 Jan. 1054 Jan. 56 Jan. 2394 Jan. 454 Jan 2354 Jan. Sale Sale 154 1054 1854 25 65 Jan. 16 13 26 Jan. 13 25 11 Jan. 8 54 Jan. 4 6 2 3 24 Jan. 10 2 454 Jan. 2454 Jan 31 8 23 1254 Jan. 754 Jan. 12 24 1094 Jan. iim 654 Jan. 15 1354 Jan. 19 7 Jan. 5 33 994 Jan. 15 994 Jan. 94 Jan. 7 56 Jan. 4 6794 Jan. 1394 Jan. 10554 Jan. 6 2 103 294 Jan. 154 Jan. 1254 Jan. 1054 1894 Jan. 16 954 Jan. 1754 Jan. 2754 Jan. 20 Jan. 1754 Jan. 1694 Jan. 354 Jan. 154 Jan. 15 1094 Jan. 19 June 8 7454 Dec. 11 75 Dec. 11 7354 Dec. 11 74 Dec. 9 2754 Aug. 7 Nov. 9 12 Sept. 9 30 Sept. 11 894 Jan. 3 23 Dec. 11 1 Feb. 24 6 9 Nov. Oct. 3 6 71* Oct. 31 Dec. 28 Dec. 30 10154- Dec. 12 Jan. 6 23 lit* 23 Oct. Oct. 30 16 4 19 Jan. 25 654 Mar. 29 17 Jan. 25 2 3254 Jan. 26 10 15 Feb. June Aug. May 1 1094 July 26 May 31 294 Dec. 20 1 2 Nov. 27 Dec. 5 Jan. 5 494 Mar. 9 2 May 27 15 Mar. 13 1094 Dec. 19 19 July 17 14 30 Oct. 25 26 Sale 2554 41 Sale 39 27 4254 1254 88% lk 10 1254 15 19 Jan. 12 Mar. 27 2594 Jan. 26 Jan. 2 Aug. 24 1794 Jan. 26 26 12 29 Jan. 2 41 Jan. 2 34 Jan. 3 43 Apr. Apr. 8 3 Jan. 25 87 Jan. 25 83 Mar. 20 8554 Nov. 3 73 17 Jan. 87 17 21 3554 Sale Jan. 5 78 Jan. 27 154 Jan. 30 1294 Jan. 16 7654 Nov. 6 94 July 5 1494 Jan. 1354 Jan. 11 15 Jan. 25 19 1554 Jan. 31 18 1354 1554 Sale "154 "154 2 "154 "194 If* 54 1454 1354 1494 1494 15 54 15 Sale 39 17% 13% 48 20 41 154 Jan. 3 30 ' 1 554 96 Jan. 94 56 56 Sale Jan. Jan. 4 96 Jan. 2 Jan. Jan. 31 94 Jan. 194 Jan. 23 3 2 1254 Oct. 5 Jan. 27 11 4254 Jan. 5 % Dec. 30 60 45 47" Sale 294 75 Sale 77 3894 94 154 7454 4954 51 5154 Sale 1 c Sale 154 194 76 30 5 49 60 Sale lu Gen Outdoor Adv 6 % Oct. !««Jan. 65 45 85 50H Warrants pref- -100 General Pub Serv $6 pref * General Rayon A stock * General Shareholdings --1 $6 conv preferred * General Telephone Corp— $3 conv preferred * 7,000 Aug. 0 20 5 35 1054 Jan. 1354 Jan. Jan. 16 May 16 10 9 Feb. Jan. 894 2454 1494 854 56 1554 Jan. 10 11094 Jan. 28 1 Jan. 20 Mar. 10 Aug. Sept. Oct. Jan. Apr. 54 Sept. Apr. 694 Apr. 71 Apr. 5054 Apr. 1454 Sept. Jan. 69 Oct. Mar. Nov. 954 654 1854 454 Jan. 30 9694 Jan. 1594 Jan. 154 6 454 Dec. 14 19 17 694 Apr. 10 59 Apr. 11 5094 Apr.'10 1454 June 29 294 Dec. 28 10 Jan. 24 94 Sept. 1 1854 Apr. 6 53 Jan. 31 52 Feb. 2 5454 Feb. 2 5154 Feb. 2 55 Sept. 8 2154 Feb. 1 6 Apr. 10 94 Apr. 10 2394 Dec. 27 354 Aug. 14 1554 June 14 24 Sale Sale 1754 Sale 19 31 Jan. 27 Jan. 1 1094 Jan. 754 Jan. Sale 3 W* 67 254 June 29 1494 Apr. 8 23 54 Jan. xs Sale * 100 General Elec Co of Great Brit American dep receipts £1 13,900 General Fireproofing com * 25,700 _* 690 General G & E $6 pref B 1 25,100 Gen Investment Co com 400 220 YEAR Price CURB EXCHANGE 12 Months 1939 20,100 8,600 28,000 5,525 1,750 26,045 13,845 8,355 2,000 2,450 16,900 210,300 12,400 81,200 2,850 1,300 > RANGE FOR PRICES IN JANUARY SALES In 75 35 13 85 40 4 94 154 7354 1 154 76 94 Jan. 154 Jan. 7254 Jan. 23 17 77 Jan. 5054 5054 4954 Jan. 11 52 Jan. 22 105 Jan. 13 954 Jan. 4054 Jan. 23 3 3 6294 3354 94 154 6294 July 28 Apr. 25 Sept. 1 Apr. 1 Apr. 29 4654 Apr. 8 16 Mar. 13 Aug. 17 254 Sept. 12 95 19 Mar. 1494 Dec. 66 July 8 7 17 54 Sept.14 55 Dec. 20 in Sept. 12 80 Nov. 6 52 Jan. 9 154 Oct. 18 294 Feb. 6 82 Aug. 3 5254 Jan. 18 General Tire & Rubber—■ 80 200 175 1,250 40 400 30 100 29,200 200 700 30 1,200 """75 2,100 200 4,000 175 900 2,050 1,000 1,400 9,800 200 16,500 210 260 1,300 800 ""300 25 2,200 200 1,000 1,800 700 1,800 1,750 21,300 600 400 400 200 100 500 3,075 1,350 200 4,800 6 % preferred A 100 2,020 2,410 Gen Water Gas & Elec com—1 S3 preferred * 3,025 * 14,950 Georgia Power S6 pref $5 preferred 330 --* — * 9,150 Gilbert (A C) Co com Preferred-. * 1,630 * 1,200 Gilchrist Co * 200 Gladding McBean & Co * 226,400 Glen Alden Coal Co , * 8,400 Godchaux Sugars class A_. Class B * 21,400 $7 preferred* 570 1 56,500 Goldfield Consol Mines * 3,700 Gorham Inc class A com S3 preferred * 3,900 13,000 Gorham Mfg Co common—10 8,500 Grand Rapids Varnish Corp..* 10 40,300 Gray" Manufacturing Co - 4,375 Gt Atl & Pac Tea 1st pref. .100 Non-voting common stock.* 29,850 12,450 Great Northern Pnper Co—25 45,700 Greenfield Tap & Die com—* Grocery Stores Prod— Common 25c 15,500 Grumman Aircraft Engineering Corp common 1 209,600 9,600 Guardian Investors common-1 25 250,100 Gulf Oil Corp * 3,230 Gulf States Util $6 pref $5.50 preferred * 1,950 775 GyDsum Lime & Alabastine..* 350 Hamilton Bridge Co com Hammermill Paper Co com. ""525 Hartford Electric Light Hartford Rayon com vtc Hartman Tobacco comHarvard Brewing Co _ Corp of Am cl B com 1 Haverty Furniture Cos— Conv preferred * 10 -—* 19,500 Hazeltine Corp 21,100 Hearn Dept Stores common. .5 6% conv preferred. 50 6,600 25c 167,000 Hecla Mining Co * 7,900 Helena Rubenstein Inc. Hat - 4,550 5,000 2,050 1,050 15,200 18,100 2,000 18,900 41,600 For footnotes see Glass A Heller (W E) & Co common. .2 7 % preferred w w 25 7% pref ex-warrants Hewitt Rubber Corp com Heyden Chemical Co Hires (Chas E) Co class A Hoe (R) & Co class A. Zollinger Consol GM page ^ 53. 25 5 10 * 10 5 9754 554 9 994 9854 101 654 45 40 654 594 494 5 594 39 494 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 23 9 4 101 Jan. 4 24 26 3 8 8 Jan. 16 554 Jan. 27 Jan. 4 494 Jan. 3 90 45 9554 Jan. 4 Apr. Jan. 31 28 54 854 2954 10 54 Sale 294 254 18 20 1854 654 21 854 Sale 1*' 9 131 110 3854 Sale 7 254 254 2254 ^ 40 102 Sale a i** Sale 104 92 54 6 98 8 Sale 954 11 24 19 9 Jan. 2 Jan. 23 17 44 854 254 23 if* 294 2 54 1554 54 54 3654 Sale 11294 Sale 109 112 11154 254 254 5 Sale 16 56 3894 11254 if* ii'A 594 1654 2 94 254 Jan. 1454 Sale 54 54 3594 Sale 112 Sale 10954 113 5 Sale 18 154 lh 94 54 154 Sale 454 454 67 154 54 154 654 70 194 94 19* Sale 22 2 16 11 22 19 5 135 Jan. 30 3 114 Jan. 11 Jan. 8 20 854 Jan. 3 12 254 Jan. 12 30 46 17 Jan. 4 54 Jan. 3954 Jan. 12 Jan. 23 114 11 Ill Jan. 19 11 11 Jan. 12 29 19 594 Jan. 1594 Jan. Jan. Jan. 4 3 Jan. 13 154 194 6 7 6 9 12 8 7 Feb. 6 45 454 Nov. 27 *954 Sale' 354 494 754 9 894 Sale 994 2854 294 1654 654 454 854 854 2954 Sale 1894 554 894 854 38 41 68 Sale 6954 46 56 50 Sale 854 9 794 1454 Sale 1254 854 1154 9 1254 2754 Sale 294 254 18 Sale 654 Sale 5 554 894 10 854 854 1054 7054 5554 794 1154 1154 Sale Sale 854 Sale 27 54 Jam 254 Jan. 1794 Jan. 694 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 454 854 854 2654 2654 1156 Jan. 7 5 Dec. 28 5 6 Jan. Dec. 20 5 Dec. 20 10 10 Sept. 11 2154 Apr. 10 554 Aug. 21 33 91 16 June 28 102 56 Mar. 25 3 154 July 1354 June 20 1954 Sept. 7 2% If* 5 Apr. 12 854 5 1254 754 Dec. L2494 Mar. 22 13354 3 119 6954 Jan. 33 Apr. 12 z45 454 Aug. 25 1154 194 May 12 54 2954 10354 9594 454 Sept. Jan. Apr. Jan. Jan. July 194 Apr. 854 Jan. 154 Apr. 27 61 9 2 Feb. 7 Sept. 12 31 Feb. 8 Oct. Jan. 5 Sept. 23 Nov. 24 Aug. 11 Feb. 15 Nov. 22 June 26 Nov. 17 Oct. 18 254 Nov. 15 1 2253 Jan. 20 54 Feb. 10 4554 Oct. 19 1 26 11254 Aug* 6 11 10954 July 5 July 18 17 J 10 23 6 Sept. 20 94 Mar. 20 54 Dec. 21 3 1 Jan. 13 29 4 Jan. 654 Dec. 14 Nov. 27 Mar. 27 15 4 11 6954 Dec. 5 294 Sept. 27 94 Sept. 12 194 Sept. 14 954 Oct. 2. Mar. 15 23 Apr. 8 Sept. 2 1194 Aug. 24 554 Sept. 1 23 2954 Sale 554 Sale 8554 Dec. Jan. 28 15 854 Dec. 20 July 29 9954 Nov. 28 39 394 Apr. 10 69 5 194 Jan. 54 Jan. 154 Jan. 6 22 30 27 69 9 154 Jan. 54 Jan. 194 Jan. 694 Jan. 23 Jan. 2954 Jan. 4 Jan. 554 Jan. 1494 Jan. 70 96 4 12 2954 154 56 Jan. 1594 Jan. 2754 Jan. 694 Jan. 1154 Jan. 23 68 194 17 16 15 Jan. Jan. Jan. 29 63 54 61 Jan 8 Dec. 394 Apr. Jan. 8 25 102 2354 Jan. 24J4 10 854 Jan. 854 101 Jan. 9954 102 96 Jan. 54 ,54 i 154 1594 Jan. 1654 1554 26 2654 2594 Jan. 2654 7 694 Jan. 754 694 9 Jan. 10 Sale 1094 Jan. 132 13554 13694 130 112 Sale Sale 10994 Jan. 40 Jan. 42 4494 4054 9 794 Jan. 854 754 27 1594 2554 594 Sale 12 Sale 98 127 126 Sale 654 Jan. 105 24 9 98 54 97 794 Sale 14 105 7954 Jan. 65 5 Sale 854 * 1 7 32 30 2 94 * 10 25 1 7854 554 5 3,500 Haloid Co 36,000 4,210 32,450 15,700 7754 854 / 5 34,700 Hall (C M) Lamp Co.- 654 594 10354 954 1054 3954 Sale 9854 8794 554 554 42 4094 494 5 10 29 Jan. 17 21 3 Jan. 11 2 5 30 21 Jan. Jan. 11 Jan. 26 Jan. 11 Jan. 9 Jan. 20 26 754 554 854 854 2754 2654 1254 22 76 Mar. 15 36 5 6 23 3 17 11 9 67 Jan. 50 Jan. 2 794 Jan. 1194 Jan. 23 3 18 654 Apr. 11 654 Sept. 26 2354 Apr. 14 954 Jan. 9 2894 Aug. 15 354 Feb. Jan 9 Jan. 2 7 Jan. 8 30 10 43 5554 Jan. Jan: 12 17 Mar. 14 54 Jan. 3 22 54 Jan. 17 954 Jan. 4 554 Oct. 18 4 Jan. 20 24 Jan. 12 M^r . 31 Apr. 14 Sept. 15 394 Apr. 10 9 Sept. 23 9 Oct. 20 2654 Jan. 20 1594 Oct. 24 68 Dec. 26 5094 Dec. 22 1054 Sept. 13 1554 July 12 Feb., 1940] CURB YOKK NEW 45 EXCHANGE AGGREGATE SALES PRICES IN JANUARY Jan. 2 1939 15,200 600 275 1,300 1,000 Ask STOCKS (Continued) Par Bid 12 % 12 Holophane Co Inc common--* Holt (h) & Co class a part—* 8k 7k Horder's Inc " Hormel (Geo a) & Co com— Horn (a c) Co common 3 3% * Horn & Hardart Baking Co. Horn & Hardart common— 37 % Sale 5% preferred 100 Hubbell (Harvey) Inc 5 Humble Oil & Refining 69 k Sale Hummel-Ross Fibre Corp 5 Hussman-Ligonier Co —* JHuyler's of Del common 1 7% preferred stamped—100 9 7% pref unstamped 5% 100 4 Hydro-Eloc Secur common—* Sale 2 Hygrade Food Prod 5 24 23 k Hygrade Sylvania Corp. * Jan. 31 Ask Bid Bid 650 3,200 182,500 52,400 900 5,000 9,250 500 6,200 33,000 5,550 12% 13% 12% 13% Highest Lowest Hughest Sale Prices Sale Prices Sale Prices Sale Prices 12% Jan. 26 14 i!* iiH ell 8* 60,200 Illinois Iowa Power Co.. 117,500 5% convpreferred-. 84,800 div arrear ctfs * 50 725 Illuminating Shares Co a 3% Sale 18 % Sale 5 % Sale 29 1% 31% 3 32% ik 34% 16 % Sale 16% 17 15% 15% 29% 31 6% Sale _ 35 Sale Jan. 33% Jan. 110k Jan. Jan. 14 Sale 5% Sale 12K % 7% 7 8% 67 11 7* 61 Sale h 11 3 60 25 3k 3k 23 % Sale 5 11% Sale 12 Sale 13 Sale 23 24 k 6 25 10 30 2 k 7% 8k a2k 2k Jan. Jan. Jan. Jan. Jan. 13 k Jan. 10k Jan. 22 25 20 10 26 15 a2k Jan. Jan. 3 12 5 5 4 5k Jan. 11% Jan. 13 111 Non-voting class a 1 1 Class b stock 1 1 1 Industrial Finance vtc 1% ik % *A Jan. 29 31k Jan. 19 4 10 Internat Cigar Machinery * Int Hydro-Elec $3.50 pref—50 ~66k Sale" 23 % Sale 98 71k Sale 22 18% Sale 14 Sale 12 625 Internat Metal Indus cl a 4 2K Apr. 28 5 14 K Apr. 11 3K Mar. 31 4 51K May 18 Jan. 18 3 3 5K Apr. 10 11K Sept. 28 3 Jan. 3 16 Jan. 8 16k Jan. 11 16 113 ik — 7,000 Internat Safety Razor cl b— 6,900 Internat Util class a--Class b 47,900 5,800 $1.75 preferred 4,600 $3.50 prior preferred * 1 * * 26 k 3k Sale Sale 27 k 3k 7* 8* 8h 10* 31k 34 2% Sale ik Sale 18 17 k 4k 18k 5k 7A 2k 2k 17k Sale 17 k 18 4k Sale k k Sale 8k 10 "A k 8fc Sale* 18 19 16 18 30 31 16 8 10 8 20 K Sept. 1 12 Apr. 10 Mar. 17 ik Jan. 12k Jan. 3 17 Jan. 2 IK Dec. 27 12 IK Aug. 23 17 Dec. 27 17% Dec. 21 2K Apr. 10 6 ik Jan. 11% Jan 2k Jan. 17k Jan. 18k Jan. 30 3 4k Jan. 19 k Jan. 8k Jan. ko Jan. 18 Jan. 33 Jan. 31 32k 34 k 33% 35 2% 7% 11k 3 12 15 5 3 18k Jan. 18k Jan. 4 Jan. 4 5 4 Interstate Power $7 pref Investors Royalty Co.- 1 1 * _ * -1 Iron Fireman Mfg com vtc..* Irving Air Chute common 1 Italian Superpower cl a 136,000 Jacobs (f l) Co 22,900 Jeanette Glass Co 1 * 3k Sale 5% 5k 3k Sale 7% Sale 10k 12 3 8k 13 Sale % 17% 21k % % 18 Sale % 4% Sale ik Sale t'" 16k 16 k lA 17k 2% ik 2% 1% 17% K Jan. 10,600 5k % preferred 4,950 6% preferred 4,800 7% preferred 153,500 Jones & Laughlin com 3,100 Julian & Kokenge com ---100 100 100 100 * 230 Kansas g & e 7% pref.-.-100 30 Keith (Geo e) Co 7% pref. 100 24,800 Kennedy's Inc 5 3,200 Ken Rad Tube & Lamp cl a-_* 100 Key Co common * 420 Kimberly-Glark 6% pref 100 7,280 Kingsbury Breweries com -1 Kings County Lighting— 920 7 % preferred series b -100 1,430 5 % preferred series d 100 57,700 Kingston Product* 1 32,750 Kir by Petroleum 1 25,203 Kirkland Lake g m Ltd 1 1,900 Klein (d Emil) Co common. 2,800 Kleinert (i b) Rubber 10 25,500 Knott Corp common 1 - 4K July 23 26 Jan. 6 3 18k Jan. 5 11 3 37 Jan. 8 32 3k Jan. 8% Jan. 2 2K Sept. 6 4K Apr. 19 10 Sept. 8 3k Apr. 10 9 13 Jan. 27 9 13 19 Jan. 20 5k Jan. k Jan. 3 26 SA Jan. 16 k Sale 16^ Sale^ 2k ik 2k 2k 11 Jan. Jan. 17 17 Jan. 8 18 5 ko Jan. 20 17k Jan. ko Jan. 2k Jan. ik Jan. 16 3 Jan. 3 19 2 Jan. 29 25 90 19 98 16 16 20 500 Kobacker Stores Inc 67 K 68 K . com * Koppers co— 6% preferred 100 Kresge Dept Stores— 75 4% conv 1st preferred 100 5,300 Kress (s h) & Co spec pref..10 16,500 Kreuger Brewing Co 1 - 770 Lackawanna rr n j -100 177,000 Lake Shore Mines Ltd 84,000 Lakey Foundry & Machine 330 Lane Bryant 7 % pref 100 11,900 Lane Wells Co common 1 Langendorf United Bakeries— 275 Class a * 37 Sale 113K 4,300 Lefcourt Realty com Convertible preferred 2,300 275,000 Lehigh Coal & Nav 157,300 Leonard Oil Development 19,200 Le Tourneau (r g) Inc 22,200 Line Material Co. 1,300 Lipton (Thos J) class A 3,750 6% preferred 8,900 Lit Brothers com----525 Loblaw Groceterias class a Class b 225 17,700 Locke Steel Chain Co.---Lone Star Gas Sale 116K 120 6 9K 24 6K 4% 6) 5} 89 % 104 Sale Sale 88 28 % Sale 119 k 18 Sale Jan. Jan. Jan. Jan. 17 5 Jan. 11 104k Jan. 18 36 Jan. 3 116k Jan. 19 119K Jan. 31 103k Jan. 28 5 24 6 4 4k xO Jan. 9 7k Jan. 8 4k Jan. 25 4k Jan. 25 112^ Sale^ 2 112K Jan. 31 1 25 * 111 Jan. 92 90 92 89 2& 90 62 68 65 70 67k ik 2k ik 12 68 2 2 1% Sale 2% ik 11k 10 14 K 10 69 Sale 11K 7 Sale 7k 12 74 84k 86 86 60 121 5< Jan. Jan. Jan. Jan. Jan. 13k Jan. 31 2k ik 26 13 k Jan. 2 6k Jan. 11 10k 7k 10 15 89k 55 12 12% 5k Sale Sale Sale Sale 23 k 4 Sale 9k 15 14 7k 6* 2* Sale 31k Sale Sale 22 k 4 Sale 10k 16K 9 1 7 Sale Sale 34 k 35k 9k Sale 15 17 7k K 6 11% 13 K "l% ~~2% 10k 11k "ik Sale" Sept. 14 2K Sept. 11 K Nov. 16 12 K Aug. 1 73 K Dec. 20 24K Mar. 29 21K Mar. 14 K Jan. 26 4K Jan. 6 11K Nov. 20 4K Jan. 4 27K Jan. 3 27 Jan. 20 6 Sept. 12 2 9 H Feb. 25 8 5 24 Mar. 3 % Jan. 6 July 18 39 K July 1§ <tt May 25 4K Feb. 8 Jan. Nov. 30 1»« Feb. 23 10 20 8 Oct. 85 Jan. 5 11k Jan. 5k Jan. 23 Jan. 24 22k Jan. 31 16 87K Jan. Apr. 6 Apr. 11 Apr. 13 7K Aug. 2 % Mar. 8 19K Oct. 19 22 K Sept. 27 U» Mar. 9 2K Sept. 1 IK June 15 4K Jan. 3 2K Sept. 26 16* Ma Oct. 67 K Jan. 78 Jan. 30 4 98 K June 9 102 % 5 107 K 17 Apr. 10 48 K 22 K Mar. 27 30 86 K Jan. June 4 4K 5K 105 K 7 Apr. 1 Dec. 30 22 July 13 6K Jan. 16 9 Mar. 9 7 _5K Sept. 1 111 Aug. 9 % Jan. 13 5 Sept. Sept. Mar. 6 10 15 K Mar. 3 10 Jan. 11 54 Feb. 16 95% Dec. 47 K July 8 4K Apr. 11 42k Jan. 25% Jan. 4k Jan. 3 2 80 Jan. 3 8 15 9k Jan. 15 10 Jan. 26 4 16K Jan. 4 2k Jan. ko Jan. 11 2k Jan. 5 18 k Jan. 9 33 Jan. 23 9k 10k 18k ik Jan. Jan. Jan. Jan. 18 35% Jan. 10k Jan. 4 3 16 11 Jan. 12 16 22 19 Jan. 30 ik Jan. 2 6 7 3 8 4 22 12 29 27 8 Aug. Dec. Oct. 12 k Jan. x6% Jan. Jan. 7 Sept. Feb. Sept. 45 Mar. 31 11 % Jan. 23 Jan. 6 112% Mar.22 118K May 24 2K 3K IK 14 4 6 June 6 Sept. 27 June 26 90 July 70 K July 4 25 14 K Mar. 23 10 25 29 20 8 2 * 38 July 8 19 K Dec. 15 2 Apr. 8 57 Jan. 19 7% Oct. 11 15 Sept. 29 8K Sept. 29 % Apr. 13 Dec. 30 IK Aug. *A June 22 Apr. 8 Apr. 9 Sept. 16 K Nov. IK Apr. 31 29 11 10 11 4 12 13 7 17 Aug. 7 Jan. 16 51K Mar. 8 50K Jan. 7 4K Nov. 8 71K Dec. 11 11 % Apr. 25 17 H May 24 May 15 11 IK Sept.29 8K Jan. 13 4K Sept. 11 K Sept. 7 Oct. 25 37 15 Jan. 20 Feb. 17 17 Feb. 17 23 2K Sept. 13 23 % May 22 Jan. 5 13% » 6,700 Mangel Stores Corp com 1 540 $5 conv preferred * Manischewitz (The b) Co_. * 4,000 Mapes Cons Mfg Co. * Marconi Internat Marine— 2,100 Communication Am dep ret. June 27 17 20 10 * 1 26 Feb. 23 7K Oct. 17 15K June 27 Dec. 6 "ik Sale" 16K July Apr. Aug. Sept. Apr. Apr. Sept. 5 8 32 Jan. % 11% 7K Sept. Jan. 8 6 Feb. 8 17 16 K Mar. 15 1H 2K % 11K 7K 6K 7 10K 6 5 56 8 17 Feb. 6K Feb. 59 Dec. 38 26 7 4K Jan. 25 3 9 9 2k Sale k Sale 33 33 k Jan. 3 16k Jan. Sale \l% 20 x71 3 3 8 41 50 k Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 47% 12 47% 11% 5k 41 111 51 6k 2% ik 13 k ik ik 2k 2k ik Sale 12k 13k 10 11% 6k 7k 6k 12 5 Lucky Tiger Combination--.10 Lynch Corp com 5 258,500 Majestic Radio & Tel Corp 64,300 Manati Sugar opt warr--- % Sept. 5 Mar. 22 31 % Nov. % Apr. 21% June 5k 83 Sale 25 1 Sale A 1H 10% Louisiana p & l $6 pref..— 35 111 * Long Island Light common 7% preferred series a 100 6% preferred series b 100 Loudon Packing Co com * Louisiana Land & Expl com.. 1 53. Sale 20 5K 8K - Class b see page 89 k 95 - 4,875 250 87 104 - _ For footnotes 8K Apr. 13 Apr. 8 59 Jan. 8 2 7k Jan. 11k Jan. 4 17 Jan. 25 Jersey Central Pow & Lt co— 157,110 129,600 9,625 27,050 14,500 246.900 1,470 16,300 11,000 % Dec. 29 % Mar. 31 *A Jan. Warrants International Vitamin Interstate Home Equip com. Interstate Hosiery Mills 10 Apr. 12 112K Nov. 28 5 Jan. 22% Jan. 15k Jan. . 4k 27% 100*1 jan. 72 12K ik 11% Dec. 28 10 K Sept. 21 19 Sept. 23 5% Nov. 14 May 6 Apr. 19 % Jan. k Jan, % Jan. 9k Jan. Sale * 222,200 Internat Paper & Pow warr 246,500 Internat Petroleum com 10,700 Registered -* 28,000 Internat Products common-..-* 700 ik --1 2 Mar. 17 8 12 K July °9* 11 "a" stock pur warrants Internat Industries Inc 15% Nov. Aug. 18 1 1 Dec. 4 18 Sept. 5 24 30 5K Sept. 27 Jan. 5 12 12 K Jan. 18 8 June 24 31 Jan. 18 24 4k Mar. 14 27 3K Sept.. 8 10 10 31 July 26 26k Jan. 6k Jan. 60k Jan. 6k Jan. ik k Sale A % 9 9% 71% Sale ft 6 Sept. Apr. Apr. Aug. Aug. Apr. Nov. Mar. Nov. Dec. Apr. Apr. Jan. 23 % 71 21% —100 7% preferred Insur Co of North Amer \h , 15 Jan. 6 12k Jan. 22k Jan. 6 Jan. 14% Jan. Sale" 13k Jan. 112 Ill Jan. 12 Jan. 31 L08K 9K 52 K 2K 9K K 5K 6 % 2K IK 20 12k Jan. 12k Jan. 13k Jan. 2 31 12 12k 12 k 24 k 6% 3 3 Jan. Sale Sale Sale 4 5k Jan. uk 11k Sale Jan. 31 60k Jan. 65 23% 5k 68 12 Jan. Sale 62 12 35k Jan. 12 110k Jan. 12 14 Jan. 9% Apr. 1 July 24 11K Jan. 5 Apr. 11 Sept. 7 27 3k Jan. 23k Jan. 10* 9 23 19 Jan. 29 9% 2k Sale 3k Sale Sale 5k 15 % 15k 5 2 29 3k 23 k 5k 31k Jan. 3 27 120 12 2k 2k 28K 60k Jan. Sale 3 2 111 103% 29k Jan. Indian Terr Ilium Oil co—■ 36,800 76,300 5,600 8,145 21,800 22,300 77,600 11,900 22 2k 120 59 * 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--£1 Indiana Pipe Line 10 Indiana Serv Corp 6% pref 100 7% preferred.; 100 4,540 Ind'polis p & l 6k% pf—100 7,200 5,200 1,500 2,430 58*000 12,000 52,900 2,400 68,200 Jan. - 2,610 165,000 19,100 24,900 16,620 11,500 1,780 1,700 1939 Lowest Ask . 17,225 YEAR Jan. 3 1939 Shares RANGE FOR Price NEW YORK CURB EXCHANGE 12 Months 13 13 k Sale 13 15 9k Jan. Sale Jan. 23 Sale ik Jan. k 46 k 42k Jan. 43 Sale Sale 38% Jan. ik ik ik Jan. ik ik 5k Sale 5k Jan. 5k 101 103 103 Jan. 104k 108 % Sale k Jan. 25 26% 25k Sale" 24k Jan. Sale 2 Sale 16 38 % 7% Sale 32 k 33 k Sale % Sale 1H 2% 30 % 7A Sale k 1,k 31 10 19% 5K "21" 6 26k k Sale Sale 2 38 Sale 26k IK 35 1 38k _ ko Jan. k Jan. ik Jan. 5k 7 4 Jan. Jan. Jan. Jan. Jan, Jan. 16 6 Jan. 5 105% Jan. 2 18 5 12 4 8 3 4 25% July 27 Jan. 9 10 13K Dec. 22 9 10 K Nov. 14 Apr. 7K Apr. K Apr. 20 26 20 IK 42 K 39K 2K 7K 103K 19K Jan. IK July 4 Aug. 89 % Apr. 7A Mar. 23K Apr. 19 3 24 % Jan. 26k Jan. 2 ko Jan. k Jan. ik Jan. 2 6 Jan. 34 K Dec. 27 K Jan. 3 2 1% Apr. 14 Aug. 3 Dec. 29 Dec. 29 Sept. Jani 5 5 Aug. 7 Aug. 81 Jan. 4 3 Sept. 23 2K Sept. 7 2K Oct. 26 25 10 27" "29~" 2 13k 10k ik 48% 44k ik Jan. 2 10 20 27 Jan. Mar. 18 40K Oct. 27 19 Feb. 17 27K Nov. 22 4 Oct. 10 6K May 25 Jan. 25k Jan. NEW 46 ■ a(wye Jan. 3 1939 STOCKS (Continued) Par * 2,500 Margay Oil Corp. ♦ 29,300 Marion Steam Shovel com 1 5,500 Mass Util Associates v t c 22,700 Massey Harris Co common—* 1 20,450 Master Electric Co May Hosiery Mills— $4 preferred - - - - * 1,100 10,600 McCord Radiator & Mfg 55/200 McWilliams Dredging com—* """900 300 500 800 0,900 91975 Mead Johnson & Co com__._* 29,800 Memphis Nat Gas com....--5 6,285 Mercantile Stores Co 825 1,200 50 600 50 1,900 125 2".706 500 10 600 65* 17 130 X 133 35* Sale 16 175* Participating preferred... 15 Metropolitan Edison Co— 45* Lowest Sale Prices 25? 12 Sept. 27 2 Feb. 4 June 29 Sept. 1 Sept. 12 145* Apr. 13 Nov. 29 22 20 31 95* Jan. 29 1655* Jan. 24 45* Jan. 17 155* Jan. 4 17 14 3 25 2 20 45* Jan. 215* Jan. 23X 22 25* July 3 35* Jan. 2X Jan. 5 Jan. 24 Jan. 25* Jan. 25* Jan. 25* 5 4X 15 2X 25* IX 25* 8 Jan. 8 Sale 85* Sale 1525* Jan. Sale 162 X 165 X 153 45* Jan. 4X 4X 4X 4X 155* Jan. 14 15X 165* 17 X 3% 35* 16 3 26 May 29 555* Apr. 8 35* Sept. 5 17 Jan. 28 1695* 3X 4X X 25* 42 X 3% Sale 64 Sale 1 IX SOX 38 5* % 25* 37 X Jan. 305* Jan. 45* Jan. 10 3 2 45 a 5* Jan. 25* Jan. 425* Jan, 4 8 4 5 18 1085* Jan. 19 5* Jan. 6n Apr. 5* Jan. 10 75* Jan. 10 Jan. 25 Jan. 9 4 Dec. 21 35* Jan. 4& 45* Jan. % Jan. 95* Jan. 15 Jan. 8 Jan. 2 5X 55* Jan. 5 185* 1143? Sale 1 IX 175* Jan. 105 Jan. 15* Jan. 75* Jan. 11 Jan. 9 8 65* Jan. 77 Jan. 5* Jan. 15* Sept. 6 35* Nov. 14 Nov. 13 41 8 1005* Sept. 1 % May 15 Dec. 27 Aug. 24 6 17 30 24 1145* Jan. 23 15* Jan. 23 17 7 25* Sept. 75* Sept. 25* Sept. 1 5* Aug. 28 55* Apr. 10 Jan. 4 95* Sept. 25 Feb. 185* Jan. 4 X Jan. 25* Jan. 14 June 30 10 8 11 18 21 Dec. 29 !5* Jan. Sale 45* 5 4 Jan. 7n 5 5X 8 16 6 6 Jan. 55* Jan. 27 21 24 1 1 31 11 325* Apr. 25 H Jan. A 23 19 Dec. % 4 2 10 9 5 Jan. Sale 8 5* Jan. 67 15 Oct. Apr. Aug. Sept. May X July 1 Apr. Jan. & Sale* 113,600 Michigan Sugar common -* Preferred 10 8,300 Middle States Petroleum— Class A v t c new 1 45,800 Class B v t c new 1 56,700 115,200 Middle Wedt Corp common..5 Midland Oil Corp— $2 conv pref 3,150 4 Apr. July Sept. July Oct. 5 35* Jan. 30 10 9 18 105 X 105 103X 105H 104 6X 4 26 5* Jan. 25* Jan. 425* Jan. 8- 7 125 4 Jan. Jan. Jan. 4 63 25* 415* 1 35* Jan. 4X at* at* 67 Sale 55* Sale Highest Sale Prices 17 Mar. 2 14 X Aug. 18 18 X 25* Sale 30 4 5* $6 preferred —* 4,200 Mexico-Ohio Oil Co 1 45,200 Michigan Bumper Corp 53,300 Michigan Gas & Oil Corp—_.l 2.50 8,100 Mich Steel Tube Prod ""ioo Highest Sale Prices 53 Sale 2 225 1,300 6,000 2,100 1,000 5,700 15X 19 Lowest Sale Prices Ask Bid 45* Sale 2 5* 05* a7H 175* Sale - 570 Ask 10 1 10,800 Merchants & Mfrs class A Participating preferred * 2,375 * 67,400 Merritt Chapman & Scott 6 Ml % A preferred 100 2,950 Common stock pur warr'ts 3,900 230,300 Mesabi Iron 25c 7,900 Metal Textile Corp com 190 500 Bid Jan. 31 Jan. 2 1939 Shares Shares YEAR 1939 RANGE FOR Price CURB EXCHANGE 12 Months January . PRICES IN JANUARY NEW YORK In CURB EXCHANGE YORK 105* Aug. 6 0 8 55* Mar. Mar. 21 1 3 55* Nov. 30 25* Apr. Midland Steel Products— 750 550 300 2,300 100 "3~750 / 40 2,400 1,700 27,200 200 2,100 200 """610 1,500 275 100 100 20,800 3,400 100 50 1,200 800 200 40 1,200 6,000 5,700 400 1,200 400 12,900 18,600 "4",506 6.425 100 3,400 250 1,700 200 5,900 2,600 1,800 1,000 60 2,500 300 200 600 50 125 100 2,000 280 600 1,100 5.600 100 3.300 1,200 1,800 510 1,210 2,100 1,100 1,770 69,700 1,900 310 8,200 400 1,500 100 2,900 100 1,000 UX 155* $2 non-cum div shares 7,500 103 Sale ------10,925 Mid vale Co.. IX 2 8,700 Mid-West Abrasive Co—i.~50c --10 851 Sale 45,600 Midwest Oil Co— 11 900 Midwest Piping & Supply Co.* 12X IX 2 3,000 Mining Corp or Can * * 39X 405* 43,150 Minnesota Min & Mfg Co 200 Minnesota P & L 7 % pref. .100 1,090 Miss River Power 6% pref-100 3 31 15,500 Missouri Pub Serv common-.* 14 141 29,700 Mock Judson Voehringer. .2.50 175,200 9,500 60,200 8,500 1,400 13,420 10,150 2,925 11,000 Moly bdenum Corp — Monarch Mach Tool Co com.* Monogram Pictures com Monroe Loan Society cl A Montana Dakota 1 1 Utilities.-.10 5X Sale 20 Sale Sale 2 & m Montgomery Ward & Co AMontreal Lt Ht & Pow com- 75* Sale 10« 1 2,400 Nachman Springfilled Corp..* 83,500 Nat Automative Fibres com—1 1 162,400 Nat Bellas Hess com— 150 National Breweries common. _* 25 7% preferred —25 * I,700 National Candy Co com 1 23,100 National City Lines com 5,750 $3 conv preferred 50 1 57,800 National Container (Del) * 147,800 National Fuel Gas 8,500 Nat Manufacture & Stores.— * .4 21,950 National Oil Products National Power & Light— $6 preferred 56,525 * * 3,900 National Refining com 65,300 Nat Rubber Mach com—.—* * 10,925 National Steel Car Ltd.. 46,700 National Sugar Refg ...-* 1,375 National Tea Co 55*% pref. 10 12.50 24,600 National Transit * 50,150 National Tunnel & Mines 58,535 National Union Radio com.—1 * 12,700 Navarro Oil Co 900 {Nebel (Oscar) Co com * 1,200 Nebraska Power 7% pref.. 100 48,900 Nehi Corp common 40 1st preferred 6,300 Nelson (Herman) Corp...—.5 7,600 Neptune Meter class A * * 10,600 Nestle Le Mur Co class A 150 Nevada Calif Elec com....100 475 7% preferred 100 28£* 39^* AA A* Sale Sale 94 X 58 91 45* 105* Sale 11 5l 2?n r- r Sale 27 X X X 285* 5* Sale 6X Sale 5X Sale 5 55* 245* % 25* ¥ 75* 26 1175* Jan. 45* Jan. 45* 105* Jan. 105* 65* Sale 55* Sale 27 28 X % 25* 3 6 575* Jan. Jan. Jan. Jan. Jan. 138 9X Sale 12 12 8X 8 8 10 105* 10 15 155* 15 X Sale 11 105* X Sale 165* 105* 75! Sale Sale 87 Jan. 11 Jan. 23 11 60 Jan. 905* Aug. : 5* Apr. 65* Sept. 10 Sept. % Aug. ! 37 Jan. I 80 Apr. : 110 Sept.: 35* Feb. 95* Apr. 5 23 25 X X Sale Sale 30 30 1175* Jan. 15 5 Jan. 30 115* Jan. 7 2 Jan. 18 10 245* Jan. 4 25* Jan. 1 Jan. 30 9 2 165* Sale 46X 465* 10 Sale 125* Sale 43 70X 73X 125* Sale 3 35* 35* 445* 3 58 X 52 12 X Sale Sale 42 935* Sale 945* Sale Sale 60 155* 45 Sale 43 11 75* Sale IX 1 13X 103 45X 2X IX 14 X Sale 48 45* 28 Jan. 18 Oct. Sept. 7 Dec. 20 May 31 4 Jan. 95* 155* 85* 80 Jan. Jan. Jan. Jan. 11 Jan. 2 26 Jan. 30 Jan. Jan. Jan. Jan. Jan. Jan. 15 45* 45* 55* 5* 12 3 11 139 26 5 6 8 Jan. 10 30 815* Jan. 29 2 115* Jan. 3 9 Jan. 31 31 145* Jan. Jan. 30 4 11 9 13 Xt Jan. 10 Jan. 25 19 165* Jan. 3 26 47 5* Dec. 23 27 Dec. 26 Nov. 14 125* Sale 1165* 117 67 Sale 55* 6 6 1 1 6 75* 15* 135* Sale Sale Jan. 4 25 115* Apr. 11 41 Jan. 15 44 3 25* May 2 285* Apr. 11 46 Nov. 18 96 15 5 15 4 5 9 925* Jan. 30 251 Jan. 12 17 Jan. Jan. Jan. Jan. Jan. 11 15 16 975* Jan. 25* Jan. 55* Jan. 545* Jan. Jan. 3 16 10 Jan. 27 116 Jan. Jan. 17 117 12 69 5 6 19 33X Jan. 23 5 May 3 Apr. 11 25*LDec, 11 2X Apr. 10 43 Aug. 24 10 Aug. 18 4 Sept. 7 69 20 Jan. 18 4 Jan. Jan. 65* Jan. 6 Jan. 5* Jan. 15* Jan. 6 12 25 11 6 15 2 12 60 Jan. 8 1! Jan. 5* Jan. 125* Jan. Jan. 8 Jan. 18 Jan. 3 6 6 Jan. Jan. 5 1 Jan. 26 15* Jan. ,0 13 Jan. 29 71 Jan. Jan. 12 Jan. 15* Jan. 705* Jan. 18 135* Jan. 105* Aug. 21 5* Mar. 31 Aug. 55* Jan. 65a Nov. 605* Jan. 175* Sept. 6 5* Oct. 95* Dec. 25* Jan. 15* Jan. 155* Feb. X Dec. 23 Sept. 27 265* 75* 1045* 1145* at* Sale 100 Jan. Jan. Jan. Jan. 3 22 35* Mar. 24 Oct. 5 Mar. 11 15 Nov. 25 128 85* Oct. 14 Mar. 26 9 Sept. 12 Jan. 23 ¥£& r Sept. 57X Apr. July 15* Apr. 5 |Dec. 28 Nov. Feb. Apr. 4 25 June 10 July 75* Sept. 20 285* Jan. 85* Jan. 24 Aug. 18 Oct. 21 Nov. 20 June 16 41 24 Sale Oct. Dec. 29 785* Aug. 3 255* Nov. 16 Apr. Apr. 104 Apr. 3X Sept. 10 XI Aug. 72X Jan. 20 27 19 12 27 5* Jan. 9 _ 18 15 City Omnibus warrants. _ 10 com..10 N Y Pr & Lt $6 pref * Jan. 6 [17 Jan. 35 June 24 69^ 785* Jan. 9 845* 65* 25* Apr. 12 8 4 Apr. 22 1 5* Jan. 6 55 N Y N Y Merchandise Co 5 115*lMay 31 765* Jan. 16 255* Jan. 3 1275* Jan. 19 65* Jan. 15 125* Jan. 9 65 Jan. 8 15* Jan. 615* Jan. Sept. 102 19 4 3 Apr. 11 5 23 26 N Y & Hond Rosario M Nov. 14 28 115* Jan. 135* Jan Sale \X 115* Dec. 7 95* Jan. 20 X Sept. 15 28 Dec. 18 11 Sale Sale 825* Dec. 19 Jan. 95* Jan. 20 1245* Jan. 65* Jan. Sale July 15 75* Sept. 5 6 Nov. 20 15* July 29 375* Dec. 18 125* Oct. 20 175* Oct. 30 12 Oct. 24 12 44 25 215* 108X 25 Nov. 21 105* Oct. 17 17 Aug. 3 47 Dec. 19 105* Sept. 27 14 Sept. 27 7 5* Sept. 5 10 Jan. 26 34 3,975 New England Pow Assn com.* 30,550 6% preferred 100 \425 $2 preferred * 100 2350 New Engl Tel & Tel Co * 12,300 New Haven Clock Co com ..* 23,000 New Idea Inc common ...25 70,425 New Jersey Zinc 1 37,800 New Mexico & Ariz Land 10 44,800 Newmont Mining Corp 900 New Process Co common....* * 2,700 N Y Auction Co common 7% preferred Apr. 19 Apr. 11 7 5 Jan. 12 95* Sale 15* Sale 5* 5* July 5* June 55* Apr. 35* Aug. 24 4>* Jan. 5 5* Mar. 27 1225* Apr. 6 65* Apr. 11 95* Apr. 11 7 May 4 69 Mar. 17 3 22 105* Jan. 165* Jan. June 20 Oct. 245* Apr. 21 4 Jan. 75* Jan. 29 % Jan. 24 65* 85* 15* 5* 65* 75* Sept. 29 Sept.: 4 15 23 5 Oct. Dec. 17 10 56 5X Sale 5X Sale X X L17 Apr. 13 24 29 63 55* H45* 117 67 69 Dec. June Jan. 4 12 7 7 Nov. 29 65* Aug. 3 145* Feb. 28 $5 8 19 3 171 35* Jan. 105* Sale 5 tX Jan. 14 Mar. 2 15* Jan. 595* July 10 28 145* 185* Sept. 27 1245* Sept. 11 15* Jan. 11 : Oct. 1785* Jan. 24 Jan. Jan. 30„ 26 % Jan. X 45* Jan. Sale 35* Jan. 55* Jan. 55* 5* Jan. 11 2 8 2 Jan. 12 100 e¥/s ¥ 24 Moody's Investors particpref.* {Moore (Tom) Distillery Co—1 700 Mtge Bank or Col Am Shs___277,250 Mountain City Copper Co..5c 67,100 Mountain Producers Corp—10 900 {Mountain States Pow com--* 720 Mountain Sts Tel & Tel... 100 15,300 Murray Ohio Mfg Co * 16,200 Muskegon Piston Ring 2.50 1,600 Muskogee Co common * 130 6% preferred 100 8,300 II,125 14,000 3,030 4,280 17 X Mar. 14 Nov. 17 Jan. 99 Apr. 30 1185* Jan. 107 Jan. 6 Apr. 4 Jan. 6 Apr. 24 29 109 Nov. 16 N Y Shipbuilding Co— Founders shares..........1 18,500 5 13,500 New York Transit 115* 13 55* 65* 215* Sale 55* Sale , 100 4,290 N Y Water Serv 6% pref 10 616,000 Niagara Hud Pow com.. 5% 1st pref.... 100 16,710 1,250 5% 2d pref 100 Ciass A warrants 53,300 Class B warrants 11,800 54,400 Niagara Share Corp class B._5 460 Class A preferred ....... 100 83,400 Nilee-Bement-Pond com.....* 1 3,300 Nineteen Hundred Corp B 34.200 Nipissing Mines ... 6 For footnotes see page 53 865* Sale 125* 125* Sale 55* 55* 25 255* 215* 5 5X Sale 87 Sale #86 x73 .1 Sale 8X 8X IX Sale 61 f 67 h Jan. Jan. Jan. 15 13 2 135* Jan. 65* Jan. 29 65* Sale 85l 95* 1 15* 5* 64 9 1 Sale 95* 15* 55* Dec. 27 20 1 30 12 88 Jan. *77 5*'Apr. Jan. 12 78 Jan. 655*'Dec. 18 65* Jan. 5* Jan. 8 Jan. 22 9 965* Jan. 575* Jan. 85* Jan. 1 Jan. 20 675* Jan. 85* Jan. V. Mar. % Jan. 5* Jan. 55* Jan. *11 Jan. 1* 65* 16 Jan. Jan. 965* Jan. Ut Sale 23 Jan. 5 8 12 17 Jan. 25 5* Dec. 28 35* Apr. 8 86 Sept. 12 8 415* Apr. 10 65* Apr. 20 X Nov. 14 Sept. 11 2 Dec. f Aug. 22 95* Mar. 10 915* Mar. 15 82 Jan. 3 6 4 Mar.10 Nov. 25 -/*• Feb. 2 65* 945* 76 95* IX Jan. Sept. 15 Aug. 18 Mar. 2 NEW Feb., 1940] 17 CURB EXCHANGE YOEK AGGREGATE Jan. 3 1939 1939 Shares 570 100 200 "i486 400 1,600 8,600 STOCKS (Continued) Par 24,400 Noma Elec Corp com .... 1 90.900 Nor Arner Lt & JPow com 1 20,550 $6 preferred ....—* 26,200 North Amer Rayon cl a * Class b common.-....----* 13,800 5,645 6 % prior preferred—.—50 7,340 Nor Amer Util Sec com——* 6,400 North Gent Texas Oil---—--5 47,000 North European Oil com. -—1 5,590 Nor Ind Pub Ser 6 % pref—100 3,115 7% preferred----—-.—100 9,100 Northern Pipe Line10 163,504 Nor States Power a 25 11,200 Northwest Engineering------* 4% 26 4?{ 11,295 9,325 10,875 8,010 1,500 * 1,100 9,500 2,000 625 4,184 """750 100 9,200 1,400 300 37,100 100 50 2,600 40 260 2,000 250 Ohio Pub Serv 7 % 1st _ pref—25 ---25 5%% 1st preferred Pacific p & l 7% pref 100 Pacific Public Service com- - - 1st * - * preferred- Page-Hersey Tubes com --1 Pantepee Oil of Venezuelan American shares—- — 730,500 3,000 Paramount Motors Corp——1 10 2,200 Parker Pen Co 20,000 Parkersburg Rig & Reel Co—1 810 Patcbogue Plymouth Mills---* 2,670 Pender (d) Grocery cl a * Class B 24,850 5,100 Peninsula Teiep Co com —* 200 Class a cum 25 60 10 120 1,075 550 125 3,500 650 100 10,600 2,900 110 125 900 99,100 12,750 500 ""9,366 3,900 250 1,200 1,620 1,600 5,800 2,300 600 25 4,300 4,200 800 75 60 1,000 4,400 100 1,900 3,000 1,900 200 2,500 2,800 20 60 3,550 2,525 10 Sale 9 12 41% 38 1% Sale 5% 5% 3 % Sale 7% 11 32% Sale 98% Jan. Jan. 15 -a* Jan. 2% Jan. 3 15 24% 24% 24% 51% 2S 3* 103% Sale jk a 7% 13 Sale 16 17 36% 37% 110 Sale Sale 107|< iSH Sale 47 2% 70 67 G'i 20 21% nm 9 8% 3% 3% 13 11 33% Sale 31% 89 90% 5% 6 20 21% aW Sale Sale 48 111 113% 115 1% 1% 7% Sale 11% 13% 33% Sale 30% 31 88% 90% 5%. 6 19% Jan. 106% Jan. 6% Jan. 100 12 3 5% Jan. 1% Jan. 84 Jan. 26% 26% 52% *a Jan. Jan. Jan. jan. 2% Jan. 2 103% Jan. Jan. 3 112 13 7% Jan. 15% Jan. 16% Jan. 26 217% Jan. Jan. 36% Jan. 3 37 12 Jan. 18 Jan. 103 116 Jan. 106% Jan. 7% Jan. 18% Jan. 46 113 26 8 4 12 3 Jan. Jan. 31 29 17 31 Jan. 23 3 8 Jan. Jan. 1% Jan. 7% Jan. 2% Jan. 31 19% Jan. 49% Jan. 114% Jan. 1% Jan. Jan. 12 9 8 Jan. 2% Jan. 19 11 10 12 9 22 22 88% Jan. 26 34% Jan. 31% Jan. 95% Jan. 13% 4% Sail* 1% Sale 3% 14% *35"" "39"" 7% Sale 4% 9% Sale 42% "" 44% 12 8% Sale 34 % 1 9% 32 46 4% Jan. 22 3% Jan' 26 10% Jan. 9 9% Jan. Sale 48 33% Jan. 11 32 12 5% Jan. 3% Jan. Sale Sale 2 12 $6 preterredPublic Service of Clorado— - * 11% Sale Jan. 12 47 Jan. 1% Jan. 11% Jan. 65* 3% Jan. 26 Feb. 1% 2% 2% Sale 111 Sale 167% Sale 74% Sale 27% Sale 67% Sale 89 91% 26% 29 8 7% Sale 8 Jan. Jan. 27 V Sale 7% 7% 15% Sept. 26 5% Sale Jan. Jan. 5 Jan. 2 13 15 11 11 19 •a Sale Sale 21 2% 35 2% 40 1% % Sale 4% 4% 7% 8% 5 6 91% July 14 68% Jan. 4% Sept. Nov. Jan. 30 2 17 25 22 6 Vs 6% 92 7 7% 98 48 Sale * 30 Sale 45 8 ife 97% 106% 109 110% 115 90% Sale 50 Sale^ Sale 6 Sale 8* 22% 42 93 Sale Sale 41 9 9% Sale "/A ""% 4% Sale 3 16 4 Jan. 16 15 Jan. 15 5 Jan. 3 9 1% Jan. % Jan. Jan. % Sale 8 9% 7 9% Sale 99% 105 Sept. Mar. 28 Apr. 12 7% Apr. 11 24 29% Nov. 3 % Dec. 29 29 Jan. 4 Jan. 1 39% Jan. 8% Jan. % Jan. Sale Sale Jan. 31 5 Jan. Jan. Jan. 6% Jan. 8% Jan. 13 5 31 11 24 41% Jan. 5 31 31 11 Jan. 31 2 Jan. 8 8% Jan. 8 41% Jan. 8 11% Jan. 6 61% Jan. 5 11% Jan. 31 102% Jan. 5 1% Jan. 10 11 13 9 1% Jan. Jan. 26 Jan. Jan. Jan. Feb. 7 Nov. 29 2 Jan. Jan. & Apr. 3 Apr. x7% Nov. 24 101% Apr. 5 16% May 13 16 2 8 5 Jan. 27 89 106% Jan. 112% Jan. 5 26 104 107 8 50% Jan. 3 23 $" 35% Oct. 7 Apr. XA Jan. 3 Apr. 4 93% Jan. 7 n'd i Jan. 4% Aug. Nov. 26,350 9,125 6,600 1,500 730 67,425 49,960 13,500 1,000 6% prior lien pref—.—100 7% prior lien pref j-100 Puget Sound p & l $6 pref— $5 preferred--. ——* Puget Sound Pulp & Timb— * Pyle-National Co com—..... 5 Pyrene Mfg...—... -10 103% 104% 106% 109 110 24% Sale "5% ""6% 78% Sale 12% Sale 4% 400 9,700 150 4,160 Quaker Oats com. 6% preferred..—.——-100 4,850 -* 950 Quebec Power Co..... 118 150 6,125 ■Z 1.757 Rys & Util invest cl a com—1 Raymond Concrete Pile— Common 18,250 $3 conv pref. 2,140 10,500 Raytheon Mfg com.—....50c 11 670 750 650 80 700 800 900 800 2,000 100 67,000 1,600 600 300 1,400 28,800 14,700 6,800 46,000 5,200 Red Bank Oil Co Reed Roller Bit Co-. Sale 155 17% Sale Apr. 18 106 Feb. 20 112 44% Jan. 13 Apr. 11 26 6% 117 150 12% 9 * For footnotes see page 53* ...1 12% Sale 6% 119 151 13% 7 124 Sale 78 Jan. 11% Jan. 6% Jan. 117 151 3 6% Jan. Jan. 4 121 Jan. Jan. 9 153 Jan. 15 30 5 8% Jan. 27 Sale 10 Jan. 4 Jan. 10% Jan. 13 13% Jan. 37 35 Jaa. Jan. Jan. 25 - 8 19 37% Jan. 1% Jan. 2% Jan. 11 2 5% Jan. Jan. % Jan. 15 26% Jan. 10 5%, ,12% 3$ 8 2 31 Jan. 6 % Jan. 20 13% Jan 31 % % 2% 25% Sale* Sale 13% 6 15 Sale lA 6 Sale 6% 2% 24% 5% 13% 25% Sale % 1% 6% 2% % 'A 5^ Sale 6 % 2% 24% 6% 13% Jan. 5% Jan. 12 % Jan. 9 by Jan. 5% Jan. 1% if 1% Jan. 25 5 9 % V % Jan. 5 ia 19 4% * 19* 19 6 v 6% Jan. 18 m# Jan. 9 19% Jan. 22 5% Jan, 4 2 Jan. 8 Jan* 25 Apr. 21 Mar. 6 Jan. 17 Dec. 9 Nov. 16 Sept. 7 Nov. 17 Aug. 4 Mar. 10 9 Oct. 30 July 19 90% Dec. 29 50% Dec. 30 24 104% Dec. 21 Sept. 7 110% Dec. 14 14 26) Aug. 3 Jan. 12 78) Dec. 30 May 22 13 Dec. 19 6% Apr. 8 12 Jan. 19 4% Feb. 11 7% Nov. 18 108 139 16 14 11 Sale Sale ... ... 153* 16 Sale % Sale .1 120,200 Republic Aviation Corp 41,100 {Reynolds Invest com..——1 Rheem Mfg Co .....1 ..* 6,700 Rice Stix Dry Goods Co .1 51,300 Richmond Radiator com Voting trust ctw 118* 80 34 ty* Sale 12,300 6% 110% 113 26% Sale 93 8 105% Jan. 25 Jan. 24 100 15 111 14 2 32% Jan. 10 24 85 Jan. 10 34% 4 26 13% Jan. 11 Jan. Apr. 10 126 Oct. 9 Mar.31 7% Dec. 19 % Nov. 21 Reiter Foster Oil Corp 50c Reliance el & EngCo——.5 Rio Grande Valley Gas co— 4,600 16% 5% _.* Reeves (Daniel) com— Sale 15% Sale 104% Jan. 109% Jan. 24% Jan. 6 Sept. 16 9 Mar. 100% Mar. Public Service of Oklahoma— 270 120 6 S 12 102 Dec. 1 13 31 7 2% Sept. 3 12 6 6 Dec. 8 Dec. 12 Dec. 8 3 2% Jan. 10 15 4 Jan. 27 31 16 Apr. 10 Jan. 30 8 Dec. 18 Apr. 8 310% Jan. 4 Apr. 11 9% Sept.11 Sept. 5 120 Aug. 19 Sept. 14 31% Dec. 5 Jan. 24 7% Sept. 15 Apr. 10 9% July 24 Apr. 10 36% July 22 Aug. 24 18% Feb. 23 Dec. 8 Sept. 20 Dec. 22 3 2% Jan. Apr. 10 8% Aug. 1 Oct. 27 43% Aug. 15 Apr. 8 14% Sept. 20 Sept. 75% Sept. 27 Apr. 8 12 Sept.20 Apr. 8 117 Mar. 7 Jan. 21% Dec. 27 _ 20 6 Dec. 29 18 Sept. 84% Mar. 94% Sept. 28% Dec. 4 97% Jan. Jan. % Mar. 10 114% Dec. 13 179 Sept. 25 8 Jan. 15% Nov. 18 34% June 19 29% Nov. 3 5% Jan. 30 8% Jan. 83 3 Nov. 14 45 11% Jan. Jan. Jan. Jan. Jan. 45 Mar. 16 110 4% Jan. 23 6 14 34% Nov. 30 2% Nov. 2 3% Sept. 27 6 9 18 8 16 3 6 Jan. 19 10 5 8% Jan. 81% Jan. 25 20% Jan. 7% Jan. 4% July 16 68 Jan. Jan. 106% 109% 106% Jan. 110% Jan. 113% 115 83 45 7% Mar. 10 22% July 27 4 101% Mar. 9 38% Dec. 15 23 120 31 Jan. Jan. 23 1% Jan. 1% Sale 40 Jan. Jan. 9% Jan. 4 5 3% Nov. 14 Apr. 17 8% Apr. 27 4 9% Jan. 1% 3 Sept. 22 9 Sept. 28 11 8% Jan. 8% Jan. 99 1% July 24 Dec. 29 Nov. Jan. Jan. Jan. 7% Jan. 12 6 Jan. 20 13 1% Dec. 18 Oct. 24 Dec. 30 14 13 55 1% 10% Aug. 16 Oct. 23 35% July 24 31% July 22 1 Sale Jan. 24 Dec. 5 10% Sept. 1 24 1% 7% 40% 9% Sale 4 Dec. 12 Jan. 3 9 11 Jan. 9% Jan. 12 Sale 5 2% Jan. 12% Jan. 38% Jan. Jan. 90% Jan. 27% Jan. Jan. 6% Jan. Sale 23 Apr. 21 2% Sept. 19 14% Jan. 31 34 26 31 12** 67 79 27 34 Sale 2 16% Oct. 97% Apr. 8 10854 90 Aug. 25 112% .10% Sept. 12 115% .04% Jan. 27 115 96% Sept. 16 106% 7% July 7 9% 8% Apr. 11 19% 35 Apr. 6 49 .06 Oct. 16 113 1 2 Apr. 10 5% Sept. 12 6% 15 35 Jan. Jan. Jan. Jan. Jan. 118 Jan. 30% Jan. 5% Jan. 2% Sale Dec. 27 20% Mar. 16 37% Nov. 18 11 Jan. 2 112% Sale 111 172 174% 166% Jan. 72% Sale 83% Sale 5 6% Apr, 11 14% Aug. 23 24 Apr. 10 ~" 9 65 2 10 110 2 112% 15 173% 8 14 2 72% 110 230 6% 1st preferred —100 180 7% 1st preferred100 45.060 Public Serv of Ind pr pref-——* $6 preferred Sale Sale 9 Jan. 9 % Feb. 14 Apr. 11 102% Dec. 15 Dec. 14 Apr. 13 110 81 87 4. 4 % 'A V* Sale aV14 2 Feb. 4 8 26% Sept. 18 10% Jan. 35% Jan. 43% Jan. 14% Sale 33% Sale % % 2% 9% Sale 6% 7 . * 650 Prentice-Hall Inc com-— 28.400 Pressed Metals of Amer.—...1 49,500 Producers Corp 25c 21,800 Prosperity Co b common—...* * 5,525 Providence Gas Co....— 36,900 Prudential Investors com----* Dec. Dec. 7 273 49% Oct. 13 1% Sept. 15 6 18% Sept. 27 12 91 - 28 June 30 May 22 Apr. 6 July 27 28% Sept. 20% 4% Sale 3% 4% 7 Jan. 16 Dec. 30 Apr. 19 42 8 33% Jan. 31% Jan. 6% Feb. 843 Apr. 10 Mar. 31 92 7% 71,000 Pitney Bowes Postage Meter-* 1.150 Pitts Bessemer & l e rr...50 11% Sale —1 78,600 Pittsburgh Forgings Co 64 Sale 19.345 Pitts & Lake Erie rr——.50 19 19% 16,900 Pitts Metallurgical co—-.10 108% Sale 67,600 Pittsburgh Plate Glass com—25 11,500 Pleasant Valley Wine Co——1 8% -7.50 17.700 Plough Inc common 600 Pneumatic Scale Corp Ltd—10 2% Sale 25c 32.600 Polaris Mining Co 59,600 Potrero Sugar com.—..—5 .5 53.900 Powdrell & Alexander com900 Power Corp of Can com * 70 6% 1st preferred—-—-100 ———* 17,100 Pratt & Lambert 55,000 Premier Gold Mining-.—.—1 3% Aug. 24 53 6 3 16 3 30 115% Jan. 107% Jan. 98% Jan. 115 113 2 3 21% Jan. 110% Jan 26 19% Jan. 107 25 3 25 preferred 60,400 Pharis Tire & Rubber co——1 23.300 Philadelphia Co com 610 Phila Elec $5 div preferred—* 6,675 Phila el Pow 8% pref. 25 87,000 Phillips Packing Co ... 458,100 Phoenix Securitiet, common-.. 1 39.610 $3 conv preferred a —10 15,500 Pierce Governor co com——* 1,200 Pines Winterfront Co———1 1 106,400 Pioneer Gold Mines Ltd 33,155 29 30 98% 103 31 2% -2.60 2,000 Penn Traffic Co— 1% 463,700 Pennroad Corp com...—---1 8% 1 100,000 Pa Cent Airlines com 525 Pa Edison Co $2.80 prei * 800 $5 preferred --* 3 7,600 Pa Gas & Elec class a-——-—* 3.645 Pa Pow & Lt $6 prei * 98% 14,500 $7 preferred----—-— * 5,725 Pennsylvania Salt Mfg .-50 166 1,775 Pennsylvania Sugar Co 20 73 28,700 Pa Water & Power—.—-—* 9,900 Pepperell Mfg Co 100 69 25% * 1,200 Perfect Circle com 2,050 19 Jan. Jan. 115% Sale 2,000 Penn Mex Fuel common.—50c 27,000 27,000 Jan. 21% Sale Sale 107 Sale Prices 4% Jan. pref-100 Pacific Can co common Pacific g & e 6% 1st 6% 7% 14%. Sale 16% 18% 35% 36% Sale Sale * 100 110% 111% Oil 6% pref-100 Power 6% preferred--100 605 6% 1st pref-——100 5 2,000 Oilstocks Ltd common..146,500 Oklahoma Nat Gas com--—15 19,625 $3 preferred ---50 2,275 $5.50 conv pref— * 47,300 Oldetyme Distillers 1 200 Oliver United Filters b——* 5,800 Omar Inc.-----------------1 -* 9,200 Overseas Securities Co 1,500 117,400 26,400 2,330 3,300 2,600 175 5 Sale Sale 30 25 410 410 200 Sale Highest Sale Prices Sale 60 100 Lowest Sale Prices % Sale 24 % Highest Sale Prices 4% Sale 50. 3% Lowest Ask 74 27 %A 2% 1,000 Brass class b Edison $6 preferred • 25% * Ohio Ohio Ohio Ohio 4% 49 27,800 Novadel-Agene Corp-— 575 o Sale Sale 27 1 84 1,200 3,500 Ask Bid Bid 12 16 29 400 Jan. 31 Jan. 2 Shares 1,800 6,000 1.425 1,000 1,000 YEAR im Price NEW YORK CURB EXCHANGE 12 Months January . RANGE FOB PRICES IN JANUARY SALES In 12 35 12% Mar. 9 % June 21 8 21 41 % Aug. 20 1% July 6 Aug. 24 Jan. 24 % Jan. 30 9% June 27 2% Jan. 31 23 5 Dec. 2 3% Sept. 5 1% Dec. 22 % May 19 8 18% Mar. 10 Dec. 26 Apr. Aug. 158% Jan. 23 4 Mar. 11 Jan. 2% Jan. 17 5 Jan. 4 Jan. 4 33 8% July 28 A Sept. 12 16 Sept. 27 7% Nov. 4 % Jan. 3 6% Sept. 11 4 Jan. 5 *A May 26 NEW 48 YORK In Jan. 3 1939 2,825 225 10 2,800 600 28.300 11,300 53,700 8,900 16,500 900 400 2,000 400 300 75 1,000 2,700 17,700 9,600 181,000 4,050 18,500 31,700 400 800 750 100 12,900 350 100 125 22,500 3,400 4,500 355,600 3,700 61,600 15,600 300 1,900 3,500 """290 50 800 3,400 700 400 6,600 4,700 250 5,900 7,700 Savoy Oil Co 5 * 9,050 Schiff Co com 25 100,500 Scovill Mfg Co. 10 Scranton Elec $6 pref ; 1,510 Scranton Lace Co common__Scranton-Spring Brook Water Service $6 preferrek 775 .' 49,512 Scullin Steel Co common Warrants 81,600 11,700 Securities Corp Gen'l com 2,500 Seeman Bros common 108,600 Segal Lock & Hardwardcom.-l 205,100 Seiberling Rubber com * 5,850 Selby Shoe Co com ...1 103,500 Selected Industries.. 12,600 7,670 5,700 750 550 1,200 5 Convertible stock 1 11 2554 1754 ix 11x Sale 19 Lowest Highest Sale Prices Sale Prices 115 .... 1154 Sale 154 254 3 15 9 11 154 154 2954 Sale Sale 154 33 % Sale 654 Sale 62 67 68 22 96 Apr. 21 10554 Aug. 2 29 99 Dec. 28 102 Feo. 3 8 Jan. 19 154 Jan. 254 Jan. 2 254 Apr. 14 112 15 1054 Dec. 29 Apr. J an. 14 2 Jan. 22 154 July Jan. 2 754 Jan. 54 J an« o 154 Apr. 454 Apr. 54 Apr. 12 30 6054 354 1454 1454 4654 Sale 45 14 45 44 254 254 a VA 4 354 15 22 1554 Jan. 43 Jan. 25 47 2 Jan. 18 254 18 12 36 2954 15s 13 54 14 2854 Sale 23 24 26)4 10 8)4 854 Sale 1 54 854 54 ,54 Sale 554 654 5154 5454 54)4 Sale 31 3 24 6 30 18 35 Jan, 18 38 Jan. 26 1 Jan. 26 1254 Jan. 2854 Jan. 14 Jan. 17 31 31 Jan. 12 26)4 Jan. 30 Sale Jan. 15 45 % J an. 15 Jan. 17 954 Jan. 3 54 Jan. 54 Jan. 18 1 Jan. 2 11 % Jan. 9 Jan. 12 39)4 Jan. 2 54 Jan. 18 Jan. 16 % Jan. 854 Jan. 27 5 1054 Jan. 54 Jan. 11 8 39 7 Sale 55 Sale 5 Jan. 16 54 Jan. 6vs Jan. 2 11 10 5 Jan. 13 5254 Jan. 52)4 Jan. 4 54 Jan. 31 4 55 Jan. 24 554 54 8! 154 Jan. Self ridge Prov Stores, Ltd— American dep rets reg £1 1,400 22,800 6,000 400 4,100 250 1 16,800 Sentry Safety Control 600 Serrick Corp class B com 1 ♦ 9,000 Seton Leather com 5 117,000 Shattuck Denn Mining 11,700 Shawinigan Water & Power.-* 58,325 Sherwin-Williams Co com—25 5% cum pref A A A 3S150 100 625 Sherwin-Williams 750 *A 54 254 3 654 654 .854 Sale 2054 21 109 Sale * of Can Shreveport Eldorado Pipe Line stamped---...-25 ..♦ 5,600 Silex Co (The) common 54j Jan. % Sale 1 754 5 54 1854 9454 113 54 1054 154 9 Sale 1854 Sale Sale Sale 1 754 Sale 54 Jan. 12 2 7 5 54 1854 Sale Sale 93 6 54 1854 9654 25 114% 2 10)4 554 Jan. 18% Jan. 31 92 Id Jan. 11154 Jan. 10% Jan. 3 Jan. Jan. Jan. Jan. Jan. 8 31 5 10 30 100 500 200 1,900 "410 600 4,600 1,200 500 2,900 2,200 240 1,300 Sonotone Corp Soss Mfg Co 2,900 4,200 275 200 7,400 300 2,100 370 400 100 100 100 5,100 2.350 " 3~,6O5 11,200 1,450 30,200 49,300 1,950 20,600 5,410 10,800 8,600 6,600 2,400 31,400 17,150 Sou Calif Edison 6% 800 500 4,100 10,600 3,800 Southland Royalty Co....—5 South Penn Oil 25 So West Pa Pine Lines Am dep rets ord reg shs—£1 Spencer Shoe Corp ..* Stahl-Meyer Inc com Standard Brewing Co Standard Cap & Seal com Conv preferred Standard Dredging Corp— ..* 1 10 1 8,400 $7 preferred 4,900 44,500 Standard Products Co 106,200 Standard Silver Lead ♦ 1 94,300 Starrett (The) Corp vt,C_....l 100 "l'loo 900 1,700 50 100 250 1,000 300 6,500 650 1,000 25 2,000 3,700 2,700 200 1,800 22,500 ♦ Sterchi Bros Stores Inc * 6% 1st preferred 50 5% 2d preferred 20 Sterling Aluminum Prod .1 Sterling Brewers Inc.. ...1 Sterling Inc 1 Stetson (John B) Co com.. Stinnes (Hugo) Corp .-..5 Stroock (S) & Co Inc ...._* Sullivan Machinery Co ♦ Sun Ray Drug Co com .1 Sunray Oil .....1 534% conv preferred 50 5,400 25 19,500 Superior Oil Co of Calif 100 Superior Portl Cement A 350 - .15 Taggart Corp com 1 Tampa Electric Co. ..♦ Tastyeast Inc class A... 1 Taylor Distilling Co 1 Technicolor Inc common.... For footnotes see page 2 53. 154 Jan. 24 1554 Jan. 29 Jan. 10 154 Jan. 3 150 Jan. 19 23 155 Jan. 8 Oct. Oct. Sept. Aug. Sept. Apr. 3 5 3 13 16 22 25 24 27 554 Sept. 1 54 Aug. 21 % Dec. 27 31 Mar. 30 H June 29 454 Jan. 27 x954 Aug. 24 54 Apr. 10 454 May 8 4854 Aug. 29 485a Aug. 29 54 Nov. 15 54 Jan. 16 154 July 11 6 Apr. 8 554 June 30 Nov. 21 36 Aug. 9 12 1554 Sept. 2 Sept. 154 Fea. 43 54 Nov. % Jan. 12 17 24 7 10 20 Oct. 15 Apr. 4 154 Sept. 13 954 Jan. 3 6954 Mar. 9 70 Mar. 9 1 54 Aug. 17 % May 9 254 Sept. 13 954 Jan. 20 10 Sept. 6 2 2254 Mar. 10 Aug. 24 11354 Mar. 13 Dec. 26 10654 Sept. 6 116 17 Oct. 81 Oct. 11 14 A Feb. 954 Apr. 6 11 Y» Feb. 6 1654 Oct. 18 10 Jan. s2ofl 29 54 44% V* 454 2% Sale 3054 4554 «JM 7\h 155 142 154 154 154 Sale 454 4)4 254 254 2954 Sale 254 554 3254 654 33 554 554 Sale 41 2154 254 23 254 Sale 12 3H Sa3l8H 554 254 454 254 % Sale 154 254 2% 2 54 54 1654 Sale 2154 Sale 154 1154 254 13 Sale 12 1754 Sale 19 20 104 Sale 101 1 1954 Sale Sale 10 5 954 Sale 54 54 2254 254 Sale 254 12)4 9% 2054 29 54 154 a ^ Sale 154 31 Jan. 30 3 46 154 Jan. 17 2 45 2 11 3 3 22 Jan. 4 Jan. Jan. Jan. 5 10 654 Jan. 554 Jan. 13 Jan. 254 1454 554 4054 254 Jan. 15 3 Jan. 2 2 % Jan. 154 Jan. 2 254 13 54 10 54 2054 12 554 Jan. „ 24 2% Jan. 1354 Jan. Sale ] a Sale 25 154 354 154 27 25 Oct. 36) May 1) 1154 354 Sale 1254 454 154 Sale 12 1354 654 Sale 354 3 54 254 354 554 4 Sale 35 13 3 Jan. Dec. 1% 154 54 13 1754 Dec. 19 Mar. 31 Mar. 28 Dec. 11 Dec. 11 254 Dec. 2 4 54 Jan. 23 Jan. Jan. 554 154 254 3 Jan. Jan. Jan. Jan. 23 May 31 11 June 8 2 54 Dec. 21 10 Dec. 23 11 Jan. 19 %A Jan. 15 5 21 May 654 Apr. 12 8 Apr. 1554 Apr. 11 5 154 July Jan. 12 8 30 40 54 Jan. 3 10 22 154 Jan. 11 154 154 1 Jan. 18 154 Jan. 5 Sale 9 554 2 2% «S l!" Bg 54 954 954 54 10 1054 Sale 12 Jan. 2 1354 Jan. 454 Jan. 19 4 33 554 154 254 Jan. 29 35 Jan. 2 Jan. 23 6 Jan. 5 15 2 Jan. 12 23 29 16 254 Jan. 454 Jan. 54 J an. 954 Jan. 4 1054 Jan. 9 9 54 Jan. 13 10 12 4 5% 154 2)4 4% 54 Jan. Jan. Jan. Jan. 12 10 5 5 10 Jan. 102 Jan. Jan. J an. 11 31 2 254 Sale 3854 Sale 3454 2 4354 Sale 33 Sale 38 3454 1 % Sale 32 35 54 3654 Jan. 11 3554 3654 22 654 6 6 454 Sale 36 h « 54 Sale 2254 Sale 654 6 654 Sale Sale 54 54 54 „ ,54 1254 Sale 35 z654 Sale 5 554 3554 % ^ 15 36 54 Sale 1054 1% 3454 34% Jan. Jan. Jan. Jan. 3 36 Jan. Jan. 9 13 Jan. 9 rr654 Jan. 31 954 Jan. 19 454 Jan. 3454 Jan. 12 % Jan. X Jan. 1254 Jan. 6 12 29 5 5 2 2 Jan. 2 3654 Jan. )4 Jan. 54 J an. 1554 Jan. 23 • 6 6 5 8 Apr. 5 % Dec. 21 7354 June 26 •A Mar. 21 354 Sept. 11 3% Jan. July July July 18 26 # Jan. Jan. 12 14 27 31 21 21 July 12 2054 Dec. 30 3254 Dec. 29 Dec. 1* 45* 29 Feb. 6 Jan. Feb. 4 6 Mar. 11 Sept. Oct. 6 24 254 Sept. 12 3054 Dec. 454 Jan. 74 8 4 June 23 10 14 28 39 Dec. 11 Nov. 28 May 25 254 Apr. 8 Jan. 13 754 Jan. 10 454 Apr. 8 154 Dec. 27 254 Mar. 31 4 Sept. 7 16 13 654 19 "1 4 108 3 9 Jan. 11 19 54 Jan. 3454 Jan. 12 11 Jan. Jan. Jan. Jan. Jan. 20 9 54 Jan. 54 Jan. 2754 Jan. 12 109 10854 54 54 2254 19 W Apr. Apr. 12 27 Aug. 24 Jan. Sale 154 1054 1 9 6 2 25a 7 Jan. 19 1 3 9 6 Oct. 30 154 12)4 1054 2054 3254 24 17 27 454 July July 12 1 15 4% 654 .Tan. 23 10 154 1354 354 Dec. 4054 Nov. 24 July 2154 Jan. Jan. Mar. 11 454 Oct. 18 254 Aug. 26 1554 July 22 Jan. 154 Apr. Mar. 5 Sept. 2654 Aug. dx 10 2 3 3 Aug. 254 Apr. 3 Jan. Jan. 65 54 Aug. 16054 Dec. 154 Jan. 12 54 Jan. 854 Jan. 20 2 46 1954 Jan. 23 2 May 2954 Dec. 30 10 8 25 6 June Oct. 30 18 1 Sale 6 15 Jan. 6 454 Sept. 29 Jan. 14 3 54 a9^ m 25 11 16 23 Nov. 100 2 14 29 Sale 29 8 Jan. 2 3 23 % Jan. I54 Jan. 4 54 Jan. Jan. Jan. 44 2 Jan. Jan. Jan. 3 17 16 2 Sale 9 34 154 148 23 30 % Sale 29 54 Jan. 654 Jan. 54 1454 Sale 2054 2154 Sale Sale 22 3 25 6 2h 1% 154 54 Sale 9 54 Jan. Jan. 5 Jan. 4 54 Jan. 554 554 4154 Sale 23 54 25 2% 3 12% 1354 2054 40 25 6 Jan. 2 654 554 254 32 % Jan. Jan. Jan. Jan. Jan. Jan. 20 10 454 Apr. 26 Dec. Jan. Dec. May Dec. Feb. Apr. Apr. Sept. Sept. 42 10754 10854 10854 109 % 13 3 154 1% 454 2% 30% 2954 75 169 6d 154 2 154 154 % Sale 14 3 4 154 154 654 4 154 Jan. 154 Jan. 2854 Jan. '44"" "46 54 164 170 162 1 % July 20 16 July 2 54 Feb. 154 Dec. 29 3 Jan. 154 Apr. 10 Jan, 116 Sept. 12 219 16 154 84 54 54« a954 254 Class B common Swan-Finch Oil Corp 3,900 99,200 36,450 10,900 30,400 209,500 10 20 225 Steel Co of Canada ord Stein (A) & Co com 3,550 29,500 1,175 1,600 25,300 11,500 56,675 11,100 10,600 9,500 17,710 1,400 178,100 Sale * .-.--1 8,000 & Acid Works 154 c, 10 500 2,400 Jan. 2 154 154 154 1 Sale Spalding (A G) & Bros Inc 1 5% 1st preferred * Spanish & General Corp Ltd 191,600 Standard Steel Spring Co...-5 Standard Tube class B 1 5,500 Standard Wholesale Phosphate ""250 Sale * 25 Preferred A Class B common. 750 354 10 .--10 Southern Union Gas com Common 254 54 Southern Colo Power cl A—25 104,300 Standard Power & Lt com—.1 10,100 3,400 Jan. 8454 Sale 25 7,300 350 15 14 150 154 2 25 Southern Phosphate Co Southern Pipe Line 154 2 154 154 152 pref B—25 5% % pref class O 5% original pref 250 50 Sale 1 9,300 $1.60 conv preferred 20 2,140 13,960 Stand Invest $554 preferred-_* 89,200 Standard Oil (Kentucky)-...10 25 51,500 Standard Oil (Ohio) com 5% preferred 100 4,050 100 254 154 3 -—1 1 ... South Coast Com com 7% preferred 370 100 610 South New Engl Telep Co.-100 100 Sale 14 * Corp conv pref— 51,000 Simmons H'ware & Paint Co..* 1 16,400 Simplicity Pattern Co 100 6,100 SingerMfg Co Singer Mfg Ltd— Am dep rets ord reg shs—£1 24,825 245 Sioux City G & E 7% pref.100 300 Skinner Organ Co common.-.5 75 Smith (Howard) Paper Mills.* -1 32,700 Solar Mfg Co 56,700 15,900 29,600 39,500 26,400 5,379 9,000 1254 14 19 1054 254 4154 154 1554 3854 11454 Pub Simmons-Boardman 100 Jan. 17 Dec. Nov. Jan. 3 254 Sept. 14 5 454 Jan. Oct. 25 15 454 Sept. 9 64 Sept. 8 54 July 21 5 5 Jan. 3 954 Jan. 1854 Apr. 11454 Apr. 1654 June 2 14 Jan. 654 Mar. 10 1554 Sept. 22 47 Aug. 4 54 June 1 % Sale 5 54 3 Jan. 754 Sale Sale 2 20 Jan. 8% 4254 39 Jan. 15 Jan. 24 28 I ,1 1 54 3954 Sale 31 24 1 1 154 1254 30 12 6 7 154 1 11 19 Jan. Jan. 71 Apr. 254 Sept. 7 Apr. 3554 Apr. 154 Aug. 54 Apr. 2% July 1354 Dec. 154 Sept. 37 May 31 Oct. 43* 45 3 54 Jan. 75 54 Jan. 7 54 Jan. Sale 33 39 2 4 Jan. 2% Jan. 1% Jan. 454 Jan. 12 254 Jan. 5754 Jan. 62 Oct. 5 11 Mar. 35 Sale Sale 73 154 Jan. 3 54 Jan. 15 Jan. Sale 354 Sale 5754 Sale 7 54 Sale 5 30 19 30 154 2 154 Sale Sale 4 Jan. 3 % Jan. Jan. 3)4 Jan. 1354 Jan. 56 57 55 63 3 4 2454 July 12 1354 Feb. 27 254 Jan. 20 2354 July 854 Sept. 2 29 . 29 3 9 16 Jan. 12)4 Jan. 18 78. Jan % Sale 14 37 1 154 954 Sale 17 Jan. 1% 254 54 10 10354 Jan. Jan. 29 104 112 1254 Jan. Sale 11 Jan. ---- 7 Sale 754 54 11654 14 12 1154 Jan. 104 4554 Jan. 12 x 6254 25 $5.50 prior stock Allotment certificates Highest Sale Prices 101' 36 * 290 Sanford Mills 10 200 Lowest Ask Ask Bid Bid Sale Prices Jan. 31 Jan. 2 1939 Ask (Concluded) Par Bid Rochester G & E 6% pf D..100 6% preferred C 100 Rochester Telephone Corp— 6 54% 1st pref---100 114 15 1554 Roeser & Pendleton Inc * Rolls-Royce Ltd— Am dep rets ord reg £1 13 Sale Rome Cable Corp common—5 154 Sale Roosevelt Field Inc.. 5 254 2 54 Root Petroleum Co com 1 5 7 $1.20 con v preferred 20 54 *A Rossia Tnternat Corp * Royalite Oil Co Ltd 68 71 Royal Typewriter com 5 54 Russeks Fifth Ave Inc 2-50 6 12 Sale Rustless Iron & Steel Corp.—1 40 42 54 $2.50 conv pref 3 Sale Ryan Consoi Petroleum 54 Sale Ryerson & Haynes Inc com—1 St Lawrence Corp Ltd * A $2 conv preferred——50 3 a Sale St Regis Paper Co— 5 5854 Sale 7% preferred.. 100 17 Sale Salt Dome Oil Co 1 Samson United Corp com—.1 1a 2 STOCKS Shares year 1939 Price CURB EXCHANGE 12 Months January 300 range for prices in january NEW YORK Shares 275 25 EXCHANGE CURB aggregate sales % Dec. 27 Apr. 10 654 Apr. 10 Apr. 154 Aug. 31 Apr. 3354 Dec. 4054 Oct. 11 Dec. 6 6 24 10 12 14 8 4 Aug. 5 554 Nov. 20 6) Jan. 3 4 Jan. Feb. 5 5 4 5 754 Feb. 27 Jan. 1 14 13 54 Sept. 27 11 Sept. 13 1254 254 3854 4554 Nov. 20 Sept. 5 Jan. 3 Mar. 14 42 Mar. 14 18 16 Nov. June 26 7 254 Aug. 21 2854 May 10 54 May 11 54 July 954 Sept. 5 5 1 Nov. 22 654 Dec. 8 365$ Jan. 10 54 Mar. 24 % Feb. 2254 Jan 6 3 Feb., 1940j NEW YOBK CURB AGGREGATE SALES January Shares stocks (Continued) 1,700 300 Texas P & L 7% pref Texon Oil & Land Co— Thew Shovel Co Tilo Roofing Inc Par 100 2,600 Bid Jan. 2 Ask 94 87 2 3% Sale 15 5 14 % 1 * 15 * common 57 Tishman Realty & Constr 925 Tobacco & Allied Stocks 47,100 Tobacco Prod Exports 300 Sale * Am dep rets ord reg shs 3,300 Am dep rets def reg 1,700 15,550 Todd Shipyards Corp ~l"l66 120 60 400 920 Toledo Edison 6% pref 965 7% preferred A 17,600 53,600 74,200 61,300 2,200 2,300 900 4,500 100 4,300 1,100 1,100 800 £1 5s * 100 K IK 54 % Jan. 4K 14% 16 1% IK 77 82 101% Sale OK K 63 K 9 1 Jan. 26 4K Jan. 20 59 5 10K Jan. 20 64% Jan. 105% Jan. 60 4% 3 57 Sale * * com 475 * partlc pref ♦ 36 2K Sale 10 K Sale 33% Sale 2% 3K 2% 7 OK 4% 5K 3 1 $7 1st non-voting pref.... h IK 13 1% UK 4. .Sale 17 K IK 12 K 3K 2 6K 3% 42K 4h 44K 13% 59 3K 84 K Sale Sale K IK 93 K 2* 12 K 3K Sale IK 1 ♦ 34 K 22 ♦ 68 U S Foil class B ♦ U S Graphite Co common U S & Internat Sec com 1st preferred with warr 14 pref ♦ U S Radiator common U S Rubber Reclaiming... U S Stores Corp com Sale Sale Sale IK Sale 24 K 78 Jan. 31 3 J an« 12 Kb Jan. x8K Jan. 19 31 20 4 5K 4K 5K K 31% Jan. 2K Jan. 7K Jan. 26 36 32 K 3K 7K v t c 1 "In '"IK Sale Sale 16 24 4K 2K 4K 17 K 4K Insurance 8 Pictures 1 10% 7% com Products Co * com $5.50 priority stock Utility & Ind Corp com Sale 4% Sale Sale 4% Dec. 29 % Dec. 18 5 % Dec. 28 IK Jan. 12% Jan. 10 1% Jan. 4 10% Sept. 15 1% Apr. 10 12% Jan. 27 2% Sept. 14 14% June 19 6% Dec. 27 7% Dec. 27 18 12 2K 3K 4 2 18 5% Jan. 15 6 12 n 12 Jan. 14 65 60 Jan. 62 K K OK IK 92K Kb Jan. Jan. Jan. Jan. Jan. K Sale K K IK Sale 99 Sale Kt Sale 84 88 1 K Sale Sale 24 K 30 K 23 5K 81% Sale "l~K Sale' 5 Sale 2K 2K 1 Sale 2 1 52 2% 63% i/ 5 1% 14% 1% 13% 2 1 IK 52 K Sale % h IK IK 18 h Sale Sale IK IK 30 18 19 % 27 Sale 25 26 72 75 1 Virginia Pub Serv 7% pref. 100 Vogt Mfg Corp * K Sale "Ik "ok >rlH 10% Sale Sale Sale * 20 7% preferred 100 1,500 Wahl (The) Co common. * 2,200 Waitt & Bond Inc class A ♦ 5,000 Class B. ♦ 26,900 Walker Mining 1 9,900 Wayne Knitting Mills 5 19,900 Wellington Oil Co common 1 39,600 Wentworth Mfg Co 1.25 51,200 Western Air Express Corp 1 680 Western Grocery com 20 Western Maryland Ry— 1,690 7% 1st preferred —100 Western Tablet & Stationery 3,550 Common * 3,850 Westmoreland Coal Co 1,425 Westmoreland Inc * Sale Sale 2K 3 K Sale 18% OK Sale 18 1] 61 j Sale 62 3% Apr. 8 Feb. 27 % July Apr. 24 4 26 Kb Jan. 11 24 24 Apr. 80 Jan. 3 K Jan. 29% Jan. 6* rl* 3 Jan. IK Jan. 1% Jan. 38% Jan. 89 3 3 Jan. Jan. Jan. K Jan. 79K Jan. 4 10 5 Jan. 25 240 8 Jan. K Jan. Jan. * 16 9 Jan. 5 83% Jan. 43% Jan. 4% Jan. Mar. 23 26 8 8 Dec. 27 7 June 27 8 2 5% Jan. 9 OK Jan. 9 7 Jan. Jan. Jan. Jan. Jan. 18 7 8 3 20 Mar. 6 3% Jan. 4 Nov. 17 94 % Jan. 89% July 3 21 28 Jan. 19 Apr. 10 2% Jan. 20 36% Mar. 9 20 Nov. 23 3 Mar. 20 Nov. 73% Mar. 8 6% Mar. 31 8 28 7 242 Jan. July Jan. Kb 12% 2% 87% 49% 4% Sept. Jan. 72 Apr. 39% Oct. 2% Aug. Jan. Dec. 4 Nov. 28 July 25 July 28 Jan. 4 23 23 Nov. 1% Jan. Kb Jan. > 4% 25 237 31 Kb 9% 1% 4 9 Dec. 26 2 15% Dec. 23 65 Oct. 14 Dec. 27 69% Jan. 4K Jan. 3 18% Oct. 7 1 38 3 4% Jan. Jan. 61 5 Jan. Jan. Jan. Jan. 15 % 65% 4% 22% 12 30 Jan. Jan. 3 19K 27K IK 2K Kb 2 4 22 10 Jan. 2 12 27 2% Jan. 2% Jan. % Jan. Jan. 13 6 Jan. Jan. 3 3 Jan. 4 Jan. Jan. Jan, Jan. Jan. 3 5 16 6 11 Jan. 3 % Jan. 2% Jan. 3 12 14 K 5K 2K 4K 5% IK 5% 6 IK ■sa rA Ih 11* 1 1% 55 K IK IK 17% Sale 53% % 1 3 24 8 22 2 3% 18% 9% 17% 1% Jan. Jan. Jan. 66 Jan. 3 8 1% Jan. 24 Jan. Jan. 18 27 27 8 Apr. 11 % July 50 Apr. 1% Apr. 10% Apr. 21 Feb. 1% Aug. 1% Apr. % Jan. 8 11 12 8 7 21 8 24 3% Feb. 23 Kb Jan. 27 1% Apr. 8 14% Jan. 24 4% Nov. 30 2 3 17% 8% 17% 1% 61% 1 10 * * 1 1 52 9% 17 25 10% 4% Sale 6% Sale 1h 3K % Jan. 19 26% Sale 68 1 64 2% 4% Jan. Jan. % Jan. 1% Jan, 13% Jan. 1% 16% 25% Oct. 2% Sept. Apr. 12 6 24 7 8 Jan. 26 13% Apr. 6 47* Apr. 26 Jan. Jan. 5 17 12 13 24 23 25 1 Jan. j? 67 Jan. 27 9% Jan. 30 4% Jan. 5% Jan. 15 4 55 Jan, Kb Jan. 1% Jan. 20% Jan. 1% 17% 26% 1% 9 11 8 3 Jan. Jan. Jan. Jan. 76 Jan. 11% Jan. 26 5% Jan. 6% Jan. 9 6% Jan. 6 1 % Sept. 68 Jan. 6 5 8% Sept. 11 22 Dec. 30 30 Dec. 30 4% Jan. 7 Sept. % Jan 6% Mar. % 2% 17% 4% 2 3 5 4 3 Oct. 24 Jan. 5 July 25 Nov. 30 Oct. 24 4% Jan. 10 17% Dec. 21 9% June 1 19 Feb. 28 3% Sept. 5 68 Oct. 31 30 13 17 26 12 25 — OK Sale 2K Sale 50 15 2 % 3 IK 4K 1 5 IK 14 14% 3 3% 1% Sale 4% Sale 1 30 3 8 % Aug. 17 38% Jan. 24 2 19 1% Jan. 18 Jan. 11 1 Jan. 15 11 4 22 Mar. 20 6 Apr. 3% July 4% Sept. 74% May % May 3% Dec. Kb Feb. % Apr. 8% Jan. 2% Apr. 1% Dec. 2% Mar. 5% Sept. 15 1 14 11 19 15 4 Sale 16 15 17 16 18 Jan. 11 1% Jan. 4% Jan. 31 Jan. 11 1 Jan. 1% Jan. 14% Jan. 4 Jan. 2 Jan. 5% Jan. 6 Jan. Jan. 22 59% Jan. 6 32 14% Jan. 15 10 29 10 16% Jan. 10% Jan. 9% Jan. 10 Jan. Jan. Apr. 6 8% May 22 11 9 25 86 10 9 IK Sale 6% Sale 7 K Sale 5% 6K 2% 3 8% 8K 8 K Sale 3 8K 6 13 K 8 3 K Sale 6K 14 Sale 6 % 5% 7 Sale OK 7. IK 1h 7% 8 11 11% 2% 6% 5% Sale 7 BH 2 8 10 Sale 11% 96% Jan. 2% Jan. 7 Jan. 5% Jan. 1% Jan. 7% Jan. 10 Jan. 104% Jan. 4% OK 5 Sale OK Sale 11K 12 K OK Sale 12 12 11 5 101 Jan. 9 2% Jan. 12 3 3 11 10 4 12 26 31 11 Apr. 10 Dec. 12 Jan. v 7 19 5 2 Jan. 8 Jan. 11% Jan. 26 4 107% Jan. 30 82% Apr. 9 2% Apr. 4% Apr. 4% Aug. 5 3 10 16 17 Jan. 5% Jan. 4% Sale OK Sale 4% Jan. 2 6% Jan. 31 5 5% 5 Jan. 2 4% Jan. 7% Jan. 5% Jan. 11% 13% 6% Sale 12 Jan. 4 2 6% Jan. 2 Jan. 6% Jan, Oct. 23 2 6 30 32 18 3 22 % Dec. 26 15% Sept. 11 1% Jan. 14% Jan. Oct. Kb Feb. 1% Feb. 20 57 1 2% June 15 2% Jan. 4 58 5 12 1 K 1% Aug. 1 July Apr. Kb July 1% Apr. 10% Apr. 42 6 Sale * com Winnipeg Elec com clB * 500 Wisconsin P & L 7% pref..100 8,800 Wolverine Port Cement—. 10 49,600 Wolverine Tube Co com.....2 14,700 Woodley Petroleum Corp....! Woolworth (F W) Ltd— Am dep rets ord shs 75,100 5s 248,700 Wright-Hargieaves Ltd., * 53. 4 Jan. Sale** West TexasUtil itier Co— $6 preferred 9 Jan. 5% Jan. 18 3% Mar. 17 _1 27 Weyenberg Shoe Mfg Co Wichita River Oil Corp Williams (R C) & Co Williams Oil-O-Matic IItg 3 Jan. Jan. Jan. Jan. K Jan. 7 4 9 2 Jan. Kb 13 K IK Sale 101 4% Dec. 29 18 1 K Sale 15% 17 5 78 5 5% 18 Jan. Jan. K % 6% 2% Jan. 2 83 Sale 2% 5 v t c 19% Jan. 64% Jan. OK Jan. 60 2*' Van Norman Mach Tool com_5 Venezuelan Petroleum 26 Jan. 17K Jan. Sale 5K IK 2% 3 K Sale 62 SeDt. 27 Aug. 16 11 29 8 Mar. 10 Mar. 10 Jan. Sale Sale 17 11 13% 38% 3% 8% 1 30 14 K 4 Jan. Apr. 8 19% Apr. 11 2 Apr. 11 6 Apr. 10 4K Jan. IK Jan. 63 Sale 3 K Sale 21K Sale 4K 13 8K 16 Sale % Sale 49 Sale 10c Conv preferred 7 JUtil Power & Lt 7% pref-.100 Valspar Corp common $4 conv pref 8 & 7 4 Sale 1% 6 20 Jan. Sept. 5 Sept. 27 Dec. 19 3 61 3 K 22 IK 2K Jan. 3K Jan. Oct. 3 7 Sale 2K 14 1 Utility Equities common see page 2% Apr. Kb June 7% May 3 Jan, ~"% ""K 50c 70,000 Utah Idaho Sugar Co.......5 16,875 Utah Pr & Lt $7 pref * For footnotes 3 18 11 6 9 Jan. 5 Wilson Jones Co com Willson Products Inc 31 1 4 23 108 July 114% July % Apr. 98% Apr. 105% Apr. Kb Dec. 2 12 8 Feb. K Jan. IK Jan. 43 ~4 2% Sale W Va Coal & Coke 9 29 Jan. Mar. si* June 1 IK IK 13K 3K Sale 2,100 89,800 5,450 26,400 12,800 8,100 25,100 4.335 100 18 Jan. Jan. Jan. Jan. Jan. 45 4 K 83 K Sale "~K """% 50c 29,900 Waco Airfraft Co 25,710 Wagner Baking com 5 10% Jan. 9 240 % Kb 10 % Sale IK Sale 85 Sale 43 Sale 147,700 United Wall Paper 2 1,800 Universal Consol Oil Co....10 * 100 Universal Cooler class A Class B * 100 37,200 3,475 23,550 131,000 3,240 7,700 Jan. Jan. 3 1st pref Utah Radio Products 70 5% Mar. 10 15 Sale 68 4K * 20 20,400 United Stores Corp com 4,300 23,700 10,950 12,200 34,890 39,325 9% Oct. 1% Feb. 11% .5 U S Lines Inc pref * U S Plywood Co common....1 Corp 20 Sale K IK 12K 2K Sale 87$ 91** Am 44,800 Universal 1,750 Universal 7,400 Universal 3,300 Universal 3% Aug. 24 10K Jan. 9 4 K $3 preferred United Molasses Co Ltd— conv 31 1 61 Sale IK Sale % Sale * $7 1 64 % Jan. 13 com conv 26 Jan. K IK 3% Kb x8K Sale 31% 3K 7K 1 P 5% United G & E 7% pref 100 United Lt & Power com A— Common class B * $1.50 22 Highest Jan. Jan. 6 106% Jan. 3 115 Jan. Jan. Kb Jan. Sale Sale 9 Sale tt Sale Warrants 41,200 United Shipyards class A....1 Class B 1 132,200 70,475 United Shoo Mach com 25 Preferred 8,630 25 18,300 United Specialties common 1 14.175 101,700 28,500 12,955 32,400 28,100 6,000 1,630 x8K Kb * dep rets lor ord reg 244 United N J RR & Canal...100 10,400 United Profit Sharing com.25c 29~700 1 3K aVA Sale OK Sale 10c United Corp warrants United Elastic Corp United Gas common 3,400 108,100 % 1 Common Un Cigar-Whelan Stores S6 1st pref United Milk Products Sale 9* 78 * 10 2,100 United Aircraft Prod United Chemicals Inc— cum Sale 12% ...» - 61,500 Union Premier Food Stores—1 Union Stock Yds of Omaha.lOO S3 5% Kb a Sale 1 15,500 Union Gas of Canada 17,300 2,150 500,400 49,200 1,200 442,000 62,670 73,400 1,520 295,700 192,000 215,100 1,050 Sale Kb a 2 Lowest — 2,500 Udylite Corp 9,200 Ulen & Co series A prefSeries B pref 1,400 11,400 Unexcelled Mfg Co Inc. 1939 Sale Prices Sale Prices 94 Jan. 10 108% Aug. 16 2% May 3 4 Jan. 5 8% Apr. 11 23 Nov. 2 9% Aug. 24 15% Jan. 4 % Dec. 14 2 Jan. 17 54 Dec. 26 63 May 31 c Sale % * 123,350 Common_. 1 Class A 21,550 1 21,300 Tung Sol Lamp Works com.-l 80-cent div pref 15,900 .* 600 Union Investment Co 14 IK 64 K 112 1 Trans-Lux Pict Screen com—1 Transwestern Oil Co -.--10 Tri-Continental Corp warr Trunz Pork Stores Inc Tubize Chatillon Corp 14 100 Tonopah Mining of Nev Highest Ask Bid AsW Sale Prices I Sale Prices 108 K 110% 112% 113% 110% Jan. 4 112% Jan. 10 2K Sale 2% Jan. 6 2% Jan. 18 J* 20 18% Jan. 15 20% Jan. o 11 11% 11% Jan. 18 UK Jan. 10 67 4% Lowest Bid 3 1% Jan. 31 Tobacco Secur Trust Co Ltd— 400 YEAR Jan. 3 1939 1,470 31,050 45,700 32,700 1,400 RANGE FOR Price 1939 Shares NEW YORK CURB EXCHANGE 12 Months 2,600 2,600 49 PRICES IN JANUARY In 160 EXCHANGE 2 22 8 4 22 Apr. Jan. 6 Aug. Apr. Aug. Sept. 7% Mar. 1% Dec. 4 8% Sept. 22 5 5 Sept. 16 2% Jan. Jan. 6 17 Sept. 13 1% Sept. 11 73 Dec. 30 12% Sept. 29 7% Feb. 18 9 75 2% 6% 1% 2% 16% 5 Feb. 24 5 Dec. 6 Feb. 28 Sept. 11 Sept. 5 Dec. 9 Sept. Jan. 5 3% Mar. 14 5 Dec. 16 7 Oct. 20 62% Sept. 27 17 13 11 100 3% 8% 7% 8% Sept. 15 Sept. 25 Sept. 27 June 8 Sept. 11 Nov. 24 Jan. Sept. 3 8 3 Jan. 6 10 Jan. 4 13 Nov. Dec. 104 8 12 Dec. 26 4% Nov. 20 8% Sept. 11 6% Sept. 6 'i: Mar. 14 Feb. 27 AGOREOATE CURB 12 Months Jan. 3 EXCHANGE 1939 Sale Sale lybo 86 M 1946 1951 5s registered----------1951 1,000 Amer Gas & Elec deb 5s__2028 2,823,000 103 M 98 M 601,000 2,383,000 856,000 1st, & ref 5s i) s 1,159,000 1967 1956 4Ms 1st & ref ds 761,000 American Power & 12,000 126,000 1,050,000 108 M Sale Sale Sale Light— 6s registered 90,000 280,000 American Seating 6s 85 M 2016 --2016 6s 6,158,000 17,655 36,000 62,000 — 1st 5s Sale stpd_1946 166"" 166 M 602,000 Appalachian El Pow 4Ms-1948 4s oo 1,254,000 2024 160,000 Appalachian Power 6s 19o6 3,641,000 Arkansas Pr & Lt 5s 1953 4,627,000 Associated Elec 4 Ms 77,000 1,374,000 161,000 i*Assoc Gas & Elec 3,974,000 ♦5s registered 11,000 1,298,666 3,834,000 1067,555 ,6,000 222,000 869,000 129',555 3,281,000 4,000 775,000 44,000 8,000 18,000 125,000 37,000 1,000 327,000 208,000 45,000 303,000 35,000 101.000 70,000 129,000 195,000 375,000 13,000 19,000 105,000 47,000 12,000 1968 34 ♦4Ms registered ♦5Ms._♦Oonv deb 5s ♦5s 6,466,000 1,425,000 1,926,000 757,000 registered —1950 Tel 5Ms A—-1955 101 Sale 106 M 107 M 111M 108 M Sale 125 127M 106 M Sale 106 % Sale 55 < Sale 60 M Sale 129 1947 126 6s registered 1998 1968 4,0*72*666 Birmingham Elec 4Ms ..1959 2,006,000 Birmingham Gas 5s 615,000 Broad River Power 5s A—1954 Canada Nor Power 14M Jan. 11 26% Jan. 19M Sale 17% Jan. 16 Jan. 11 34% Jan. 28% Jan. Sale 72 M Sale 71M Sale 84 % 69 87 M 72 M 83 85 96 M 83 M Cent States Elec 5s_..... 1948 1954 5Ms--. Cent States Pr & Lt 5Ms.. 1953 Chicago 111 Midland Ry— 1956 4Ms series A_--------467,000 Chicago Junction ,Rys & Union Stock Yards 5s.. 1940 375,000 1927 1,475,000 t iChic Rys 5s ctfs of dep.. 1952 126,000 Cincinnati Street Ry 5Ms. 1955 6s series B 118,000 Sale Sale Sale Sale 35 M Sale 35 M Sale 57 M Sale 98 M 98 104 104 % 44 M 69 M 68 73 M U3M 115M 144 M ( 97% 94 M 100M 96 97 Sale Sale Sale 99 M 78M Sale 81 Sale Sale 38M Sale 82 M 106M 98M 35M 36 % 106 M 99 M 38 74 M Sale Sale 74 115 Jan. Jan. Jan. 29 139 96 Jan. 100 % Sale Sale Sale 11 20 18 81 Jan. Jan. Jan. Jan. Jan. 30 100M Jan. 10 89 Jan. Jan. 94M Jan. 100M Jan. 90,000 33,000 230,000 917,000 To",666 188,000 23 32,000 44,660 31,000 7,000 569,000 103,000 .104,000 29,000 15*666 83,000 2,000 18,000 23,000 6,581,000 Eastern Gas & Fuel 4s A-.1956 1,020,000 Edison Elec Ilium 3Ms—1965 2030 5,077,000 Elec Pow & Lt 5s 126,000 Elmira Wat Lt & RR 5s—1956 5s registered -—1956 1,000 —1950 277,000 El Paso Elec 5s A 1952 1,496,000 Empire Dist Elec 6s Ercole Marelli Elec Mfg— 6Ms 1953 74,000 ..1967 240,000 Erie Lighting 5s 1,255,000 Federal Water Serv 5 Ms.-1954 Finland Residential Mtge 6s stamped 484,000 1961 7,000 iFirst Bohemian Glass 78-1957 1966 3*13*,000 2,541,000 Florida Power Co 4s O Florida Power & Lt 5s 1954 400,000 II,381,000 5s registered. 1954 1,000 18,000 61,000 86,000 24.000 256,000 4,000 89,000 345,000 53,000' 148", 006 4*0*666 12,000 "4*666 3,000 1,331,000 Gary Electric & Gas— 5s ext stamped 1944 370,000 Gen Bronze conv deb 6s.. 1940 —1953 236,000 Gen Pub Serv Co 5s 2,154.000 Gen Pub Utilities 6Ms A—1956 1948 14,000 AGen Rayon Ltd 6s A 1,141,000 Gen Wat Wks & El 6s A.. 1943 8,569,000 Georgia Power ref 5s 856,000 Georgia Pow & Lt 5s 6,000 1,839.000 1,000 321,000 348,000 42,000 110,000 81,000 iGesfuerel 6s Glen Alden Coal 4s 98 100% Jan. 2 100M Jan. 46M Jan. Jan. 17 Jan. 87M Jan. 26 90 Jan. 90 Jan. 70 Jan. 31 80 Jan. 8 78 M Jail. ""8 49 67M Jan. 66 Jan. "31 92 % 132 Sale 105 66 Sale 66 Jan. 31 76 % Jan. Sale 82M Jan. 24 Sale 83 Jan. 24 92% Jan. 92M Jan. 91 Jan. 19 9 24 Jan. 30 127M Jan. 24 Sale 107M Jan. 110M 109M 110M 110M Jan. Jan. 30 10 110K Jan. 16 85M Jan. 93 Jan. 26 Sale 138 107 % 107 M 109 79 M 92 60 96 Sale 82 M Sale Sale 88 Sale 61 % Sale Sale 104 M 99 M 100 94M 11 58 M Jan. 94M Jan. 30 Sale 105M Jan. 5M Jan. 79% 110M 78 M 118M Sale Sale Sale 105M 105 M 104 M 104 Sale 106M 106 M 77% Sale Sale 80M Sale 110M 119 12 30 53 M Jan. 5% Sale 5% 6 % 1 106 43 M 109 Sale 99 20 M 98 M 95 M Sale Sale 104 95 M Sale 100 % 90 97 Sale 98 82 Sale 73 86 97 M 60 1963 1965 77 87 M 26 M 72 M Sale Sale 49 M 111 Sale 23 M 5 6 6 Jan. Jan. 1 Jan, 4 5 8 Jan. 9 2 78 Jan. 117M Jan. Sale 104M Jan. 103 % Jan. 56 59 88 89 108 %' 109 % 49 M 54 48 53 9 13 9 98 88 Sept. 102 % Sept. 102 Sept. 100 Sale 104 M Sale Sept. 100 % 101M Sale 81 83 84M 81M 98% 98 % Sale 100M 101 97 % Sale 97M 98 M Sale 74M 74 76 74 76 97 Sale 96M 96M Sale Sale 106 M 66 M Sale Sale 71 Sale 106 Sale 67 M 18 Sale 72% Sale Jan. Jan. Jan. Jan. Jan. Jan. 75 M Sale 71M Sale 75 78 78M 81 107M 110M 107M 110M 60 M 62 60M 62 48 50 47 50 98 Sept. Dec. 16 June 27 July 17 Aug. 3 June 21 77% Dec. 30 10 1 93 % Aug. 92 M Aug. 2 5 68M Jan. 97 Jan. 3 1 11 4 18 109M Oct. 23 10 Feb, 3 9% Feb. 2 1M Jan. 10 5 107 M Oct. 82 M Oct. 3 109M 27 Mar. 3 6 105M Oct. 28 1 104 % Dec. 13 99M Jan. 2 81 Apr. 27 Jan. 9 19 Dec. 20 104 M Feb. 25 Mar. 23 July 100 Jan. 104M Jan. 31 18 Jan. 4 2 101M Jan. 84 Jan. 4 29 95 30 75M Oct. Jan. 29 90 13 100% Jan. 75 Jan. 5 78 24 73 98M Jan. 10 87 106M Jan. 68M Jan. 8 103 22 101 29 29 13 73M Jan. Jan. 26 76 M Jan. 76 Jan. 60% Jan. 29 63 Jan. 4 50 70 Jan. 31 75 50 Dec. 22 17 9 31% Sept. 26 50 M Jan. 106M Oct. 4 109 M Oct 26 89M Jan. 92 Apr. Jan. Jan. 30 4 18 Jan. 58 11 99 3 20 Dec. 29 9 12 Aug. 3 4 99 10 104M Nov. 14 4 101 28 90 Apr. 21 101 Apr. 8 98M 77 Feb. 20 97 Jan. 9 95M Jan. 18 Jan. 93M Dec. 20 Jan. 105M Jan. 66 M Jan. 70 Dec. 21 93 % Dec. 20 46M Jan. 15 109% Jan. 3 105M 98M Jan. 103% Jan. 103 Jan. 80 1 13 19 6 4M Apr. 20 4M Aug. 28 % Aug. 24 15 Sale July Sept. 26 108 100 22M Jan. 26 M 75 78 101 % Sept. 14 113 3 3 25 M Mar. 78M Dec. 21 25 29 96 76 74 % Apr. 8 93M 126M Aug. 22 132 128M June 27 128 M 120 Nov. 6 131 23 105M Jan. Jan. Sale 78% Mar. 103 M Sept. 5 112M May 26 81 % Dec. 26 66 M Apr. 11 Nov. 22 107% Jan. 19 119 Jan. 83% Jan. Jan. 18 119 27 17 96M 12 53% Apr. 11 80M Jan. 24 112 48 M 46M Jan. Jan. 109M 109 % 109 44 Sale 17 Sale Mar 78 M July 27 20 50 M 89 M 84 11 11 92 M Aug. 55 M Sept. Jan. 77M Jan. 10M Jan. 7 13 58 M Apr. 79 M Apr. 96% Jan. 18 16 Dec. Oct. Apr. 66 10 8 107 5M Jan. 74M Aug. 15 11 106 109M Mar. 104 M 103 M 50 M Sale 107 M 108 102 M 103 M 57 M 94 60 78M Jan. 88 Jan. 3 109 46 M Mar. 11 72M Jan. 94 % Jan. 93 % 131 25 107% Oct. 18 99% Dec. 23 46 Mar. 13 70 % Sept. 29 66 Apr. 8 74 M Mar. 2 67 M Apr. 11 72M Jan. 12 Jan" 83 M 83 M 126M 129M 125M 127 M 127 109 M 77 M Apr. July 105 % May 9 105 Mar. 16 71M Jan. 16 134M Jan. 106M 106 M 7M Sale 7M Sale % 1 112 Sale 112 4 133M Jan. Sale 140 27 102 100% Dec. 26 104M Jan. 9 43M Dec. 27 56M Oct. 17 86 Dec. 28 70M Jan. 14 91 Dec. 28 72% Jan. 17 85 Sale 76 1967 —1978 registered 1965 Gobel (Adolf) deb 4Ms—. 1941 Grand Trunk West Ry 4s 1950 Great North Pow 5sstpd-_1950 Grocery Store Prod 6s 1945 Guantanamo & W Ry 6S--1958 8 4s For foo+uotes see page 53* ... Jan. 8 106 66*" Sale 9 Aug. 4 100 M July 25 5 97 M Aug. 2 55M Jan. 67 M Sale 84 M 8 3 Sale" 91M 92 M 61M 110M 74 h 108K 41M Jan. 76M Jan. 12 Sale "76 % 74 M 104 8 16 72 Sale Sale 487,000 Delaware Elec Pow 5MS--1959 1949 331,000 Denver Gas & Elec 5s 983,000 ADetroit Int. Bdge 6 Ms.-1952 iCtfs of deposit 632,000 A25-yr s f deb 7s 1952 334,000 Jan. 30 71M 77 M 77 M 96 2 41 Sale 75 3MS--1955 I,218,000 Cudahy Packing Co 25 99% Jan. 24 , "57666 69M Jan. Jan. 83 % Jan. 5 2 107 % Jan. Sale Sale Jan. 31 70 M 75 % Sale 2,484,000 Community Pow & Lt 5s. -1957 1951 129 M 133 31,000 Conn Ltg & Pow 7s A 7s A registered 1951 2,000 125 127 87,000 Consol Gas of Bait 4Ms.—1954 Consol G E L & P Bait— 3s series P 1969 826,000 3Ms series N 1971 109 M 110M 324,000 Consol Gas Utilities— 60 61 6s A stamped ——1943 1,043,000 81M Sale 9,877,000 Continental G & El 5s...-1958 5s A registered 1958 1,000 64 M 62 1944 168,000 Cuban Tobacco 5s 86 Sept. 75 M Sept. Jan. 961 81 Apr. 35 Jan. 32 Jan. 79 71 Sept. 13 150 29 77 Sale 126 29 Jan. Sale ~71% Sale" Jan. 98% Jan. 99 M Jan. 2 11 101M Jan. 90 87 109 % June 12 102 Aug. 15 95 July 18 Sept. 82 M Apr. 11 139 Sept. 27 103 "Sept. 5 ITOM^a-flr 3 101 % Sept. 18 126 July 22 24 103 Sept. 18 130M July 21 31 93 49 1 Sept. 9 2 145M Jan. 88 86 Apr. 20 83 May 31 78 Mar. 9 106 % Dec. 2 Oct. 80 46 M 84 40 Sept. 82 141 104M 105M 104 M 104 y8 105% Jan. 100 % 3 97 88 Sale 88 94 Sale 75 9 Aug. 6 Sale Sale 98% 83 M 80M 106M 106M Sale 98M 37 35M Sale 35% Sale 71M Mar. Aug. 25M Nov. Feb. Sept. Mar. 35 67 78 100 9 Jan. Sale Aug. 14 11 Jan. 98 % 4 3 9 4 59 Jan. 30 116 29 117 Sale 45M Aug. 47 M Aug. 44* Aug. 43 93 23 120 Sale 31 28 26 20 1 Dec. 97M Jan. Jan. 101M 108M Oct. 111M Dec. 128 July 107M Nov. 68M Aug. Nov. 2 107% Jan. 3 Feb. 9 June 15 Aug. 10 106M Jan. 113% Jan. Sale 92 Dec. Dec. Dec. 3 114* 105 5 104 10 15 10 43 30 2 ' U5% Sale' 116M 117 141 Sale Oct. 72M Jan. 17 68M Jan. 106 M 107 106M Jan. 106M 109 107% 107% 106% Jan. 106M Sale 97 M 95M Jan. 94 M 98 95M 92M Jan. 93 91M 92 M 91M 116M. IUM. lQ.6jyL.Sale. 3 23 25M 25 M 21% Jan. 139 103 M 102 D... 1957 15 Feb. 103M Sept. 20 103 Sept. 6 115 Sept.13 101M Sept. 5 41M Jan. 14 6 107M Jan. 30 111M Jan. Jan. 30 129 2 107 Jan. Jan. Sale Sale 144 2 109% Jan. 94 28% Jan. 18M 18 M Sale J Sale 121 125M 144 M 3 103 M Nov. 3 27 106 M Nov. 4 4 106M Nov. 8 24 108H Oct. 18 30 107 % Nov. 27 10 104M Oct. 10 83% Apr. 10 105M Dec. 22 15 Jan. 13 101 11 17 M 1956 Carolina Pr & Lt 5s Central Power 5s ser 6 14M Jan. Sale 5s.... 1953 6s—. 1942 Canadian Pacific Ry Jan. 27 105M Jan. 104M Oct. 106 Sept. 11 2 106M 106M Jan. 52M Jan. Locomotive ...1998 Jan. 15 62M Jan. Sale Works iConvertible 6s 1950 115 Bell Tel of Canada 5s A... 1955 110M 1st M 5s ser B June 1 1957 120M 5s series C —....-I960 124 Jan. 98 30 34 28 % 89 23 11 26 M 85 108M Jan. 107M Jan. Jan. Jan. 15 46 Sale 93 Jan. Jan. Sale 91M Jan. 87 102 Jan. 108M Jan. 15 Sale 103 M 104 M 5s w w._1947 96 19 107 Sale Sale 75M 19 Jan. 101M 100 25 M 28 M 73M 558,000 Cities Service 5s.........1966 71,000 5s registered 1966 6,000 Conv deb 5s —1950 14,130,000 1.419,666 5s registered... 1950 2,000 5s-_; 1958 286*665 2,660,000 5s registered ..1958 2,000 5s 1969 1007666 1,290,000 Cities Service P & L SMs-1952 836,000 10,961,000 5 Ms gold deb 1949 485,000 3,656,000 380,000 6,000 101 126 9 105M Jan. 106M Jan. 88 35 1950 272.000 Bethlehem Steel 6s 1,008,000 1,434,000 3,790,000 1,448,000 1,830,000 4,468,000 4,227,000 99 103 M Jan. Jan. Jan. 99M Jan. Sale 100 43 Assoc Tel & 93,000 Avery (B F) Sons 5s ex-warr— 62,000 Sale 104 M 81M Jan. Jan. 106M Jan. Sale 106M 33 1968 1949 —1949 .—1977 ♦4Ms series C Baldwin 248",555 35 5Ms A registered... 1955 1,000 352,000 Atlanta Gas Light 4 Ms—1955 765,000 Atlantic City Elec 3Ms—1964 ""17555 318,000 Sale 33 Highest Sale Prices 105 107 M 118M Sale 101 h Sale 4Ms_-1948 Lowest Sale Prices Sale 102% Sale 102M 105 104 105 105M 105 M 106M 105 107 108 Sale 107 % Sale 107 107M 106 M 107 M 106M 104 104 111 - 47 Highest Sale Prices 102 M 88 Alabama Power 179",055 Ask Bid 81% 96 M 8,999,000 Lowest Ask Ask Bid Bid Sale Prices Jan. 31 Jan. 2 1939 BONDS— 210,000 16,000 27,000 72,000 46,000 1939 Price NEW YORK In YEAR RANGE FOR PRICES IN JANUARY SALES January EXCHANGE OUEB YORK NEW 50 27 107 27 Dec. 29 Dec. 20 Jan. 3 Oct. Nov. 13 June Jan. 29 64M Sept. 5 w* 6 70 70 Oct. 2 77 59 Oct. 91 65 Sept. 25 105 Sept. 11 109 M 28 Dec. 12 Aug. 25 Dec. 9 13 Mar. Jan. 3 Oct. 6 3 Dec. 29 Mar. 11 3 Mar. 47 Mar. 31 62 Oct. 45 Apr. 12 53 Jan. 31 9 FEB., 1940] NEW YORK CURB EXCHANGE 51 AGGREGATE SALES In January T~" 9,000 30,000 10,000 8,000 59,000 30", 006 6,000 29,000 131,000 121,000 198,000 317,000 12 PRICES IN JANUARY Bid 41 iHamburg Elec Co 7s 1935 AHamburg E & Und Ry 5%s'38 95 Heller (W E) & Co 4s w w.1946 Houst Gulf Gas 6%s x W--1943 100 m 6s_ Houston Lt & Pr 3%s 1943 1966 AHungarian-ItalBk7%s.-1963 Hygrade Food 6s ser A 1949 6s series B 1949 63,000 30,000 16,000 26,000 265,000 118,000 273,000 Int Pow Sec 6%s series C--1955 461,000 7s series E 1957 432,000 7s series F 1952 5,426,600 Interstate Power 5s 1957 2,054,000 Debentures 1952 - 50.000 Jan. 2 1939 BONDS (Continued) Guardian Investors Corp— 341,000 5s series A 1948 $ 444,000 Idaho Power Co 3%s *-1967 1,442,000 Illinois Pow & Light 5%s-1957 1,935,000 5 %s series B 1954 2,912,000 6s series A 1953 5,028,000 5s series O 1956 714,000 Indiana Elec Corp 6s A..-1947 220,000 6%s series B 1953 2,030,000 5s series O 1951 512,000 Indiana Hydro-Elec 5s A--1958 1,313,000 Indiana Service 5s 1950 1,280,000 1st lien & ref 5s -1963 608,000 Alndianapolis Gas 5s A 1952 761,000 Indianapolis P & L3%»- —1968 52,000 136,000 118,000 - — Ask Bid Lowest Ask 44 40 43 38 40 40 30 96 % 15 50 15% Highest Sale Prices 3,797,000 5s series D 1956 5,732,000 4%s series F 1958 32X00 1,689,000 Iowa-Nebraska L & P 5S--1957 19,000 —217,000 - 5s series B 1961 47.000 386,000 Iowa Pow & Lt 4%s A 1958 18,000 314,000 Isarco Hydro-Electric 7s.-1952 86,000 1,626,600 Italian Superpower 6s 1963 - 17,000 4,000 60,000 57,000 42,000 22,000 1939 Lowest 102 103% 109 % Sale 8 86 Sale 99% Sale Sale Sale 50 66% 65% Sale 67 108% Sale 97 98% 104% 105 105% Sale 103 Sale 5 m* 68% Sale 69% 68 109 97% 104 106 102 26 Sale 102% Jan. 3 103 Jan. 16 103% Jan. 11 103% Jan. 109% Jan. 29 104% Jan. Jan. 20 Ill 3 2 66% Jan. 2 67 4 107% 97% 103% 105% 101% Sale Sale Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. 69% Jan. 69% Jan. 3 8 17 6 109 Jan. 26 99% Jan. Jan. 25 105 25 106% Jan. 103% Jan. 23 3 3 3 100% 86 5 Jan. 102 100 99$ 42% Jan. Sale 86 84% 56% Sale 55 55% 72 80 99% Sale 71% Sale 70 Sale 62 64 108% Sale 98% 65 Sale 66 Sale 98% Jan. 65 Jan. 65% Jan. 62% Jan. 107% Jan. 62% Sale 107% Sale 17 100 31 73% 31 72% 31 64 Jan. 2 Jan. 5 Jan. Jan. 5 11 635,000 Jacksonville Gas 5s stpd--1942 728,000 Jersey Cent P & L 5s B—1947 1,838,000 4 3^8 series O 1961 120,000 Kansas Electric Pow 3%s.l966 92,600 Kansas Gas & Electric 6s-.2022 Kentucky Utilities 5s 1969 2,296,000 5s 1961 428,000 6%s series D __1948 428,000 5 Vis series F 1955 2,545,006 103% 105 119% Sale 90 91 91 Sale 102% Sale 93% Sale 99 100 Apr. 60% Nov. 99% Sept. 31 Sept.27 Sept. 19 Sept. 19 61% Jan. 27 27 68 Jan. 3 55 Apr. 8 51 Jan. 3 38% Jan. 28 105% Sale 105% 106% 105% Jan. Jan. 105% 106% 104% 105% 104 2 106% Jan. 24 105% "Jan. 12 108% 110 62% Sale Sale 42 Jan. 82 77 45% 48 107% 108 42% Sale 38 41 38% Sale 108 Jan. 3 22 109% Jan. 31 48% Jan. 3 Jan. 20 Jan. 4 45 Jan. 45% 46% 47% 48 103% 103% 104% Sale 103% Jan. Jan. 105 105% 105% 105% 105 17 47 % Jan. 5 104% Jan. 31 4 105% Jan. 19 . • Sale 105% 106% 106 125% 126% 125% 127 102% Sale 102% Sale 104 Sale 103% Sale 105% 105% 105% 106% 103% 103% 103% 103% 42% Jan. 38 105% 125% 102% 103% 105% 103% Jan. Jan. Jan. Jan. Jan. Jan. 41 5 11 24 106% Jan. 8 20 125% Jan. 12 5 102% Jan. 2 22 104% Jan. 19 4 105% Jah. 27 3 103% Jan. 25 5 106% Jan. 15 Jan. Jan. 7 3 52% Jan. 5 54 9 Mar. 55% Mar. 9 73 July 29 55% Nov. 15 7 104% Dec. Jan Jan. 1 Dec. Nov. 7 105% Dec. 7 105% Dec. 26 109 102% Sept. 30% Sept. 30% Sept. 38 102 102 13 Nov. 15 Nov. 103% Dec. 98% Jan. 98 Dec. Aug. 4 74 Aug. 3 7 88% June 5 110 May 10 30 31 43 19 Nov. 21 8 2 41 Feb. 27 Dec. 19 Dec. 3 4 Sale Sale 105% 105% Sale 49 16 41 43% Jan. 82% Sale 105 lir 49% Jan. Sale Sale Sale June 12 101% Sept. 5 85% Jan. 27 95% Apr. 10 105 99 Sept. 5 106% 92% Sept. 6 103% 96% Apr. 10 105% 99% Apr. 10 106 85 Apr. k8 102% 86 Jan. 6 99% 50% Apr. 11 75% 47% Jan. 65% 48% 40 Apr. 31 49 44 Sale Jan. 6 111% June 8 July 21 July 13 23 55% 40 Nov. 13 Dec. 12 105 Jan. 53 47 42 30 46% Jan. 49 41% Sale 44 46% Feb. 18 July 27 July 10 102% June 27 22 43% Sale 46% Sale 100% Sale Sale 59 60 50 30 31 109% Jan. 41% 77 Apr. 10 July 8 Sept. 94% Jan. 100 Sept. 101% Apr. 102 Sept. 8 July 24 54 100% 100% 105% 49% 36 Jan. 48 58% Sale 40 Sale 98% Sale Prices 25 30 14 20 15% 102% 102% 102% 103 103% 104 101% 102% 104% 103% 104% Sale 111 110% 30 63% Sale 63% Sale 39% Jan. Highest Sale Prices Sale Prices 50 103 'Bg Jan. 31 Ask Bid Interstate Public Service— 59,000 81,000 39,000 YEAR Jan. 3 1939 6,000 92,000 679,000 70,000 208,000 346,000 1,000 265,000 54,000 RANGE FOR Price NEW YORK CURB EXCHANGE Months Dec. 29 52% Jan. 44 30 12 Mar. 10 49% Aug. II May 29 107 Feb. 24 Sept. 9 106% Mar. 21 98 114 88 Sept. 18 Sept.13 Sept. 6 89% Apr. 10 100 Sept. 5 93% Jan. 3 108 126% 102% 104% Mar. 17 Aug. 10 Dec. 9 107 Nov. Dec. 29 8 104% Nov. 18 Lake Superior Diet Power— 13,000 730,000 3% % series A 1966 Tietz Inc 7%s__1946 511,000 Lexington Util 5s 1952 570,000 Libby McNeill & Libby 5s-1942 1,118,000 Long Island Ltg 6s 1945 1,735,000 Louisiana Pow & Lt 5s 1957 6,006 ALeonard 30,000 72,000 152,000 19,000 4,000 AMansfield Mining & Smelt— 36,000 78 ex-warrants 1941 195,600 Marion Reserve Pow 4%s_1952 68,000 McCord Rad & Mfg 6s 1943 100 161"' 103% Sale 90 92 129,000 222,000 68.060 296,000 165,000 38,000 170,000 77,000 Debenture 4%s 1956 115,000 Mengel Oo4%s 1947 Met Edison 4s series E 1971 413,000 4s series G 1965 239,000 Middle Sts Petrol 6%s A—1945 381,000 Midland Valley RR 5s 1943 295,006 1,848,000 Milwaukee G L 4%s. 1967 2,620.000 Minn Pow & Lt 4%s 1978 1,000 4%s registered 1978 1,144,000 1st & ref 5s 1955 3,468,060 Mississippi Pswer 5s 1955 4,235,000 Miss Power & Light 5s 1957 549,000 Miss River Power 5s --1951 1,566,000 Missouri Pub Serv 5s A—1960 237,000 564,000 2,291.000 3,617,000 193,000 221,000 615,000 295,000 3,210,000 Nassau & Suffolk Ltg 5s—1945 Nat Pow & Lt 6s A 2026 Deb 5s series B. 2030 t ANat Pub Serv 5s O O D-1978 Nebraska Power 6s 2622 4%s 1981 Neisner Bros Realty 6s 1948 Nevada Calif Elec 5s 1956 19,000 288,000 138,000 331,000 285,000 331,000 9,000 151,000 3,396,000 1,015.000 3,713,000 3,872,000 3,065,000 147,000 New Amsterdam Gas 5s 1948 New Eng G & Elec Assn 5e 1947 5s_ 1948 Conv deb 5s 1950 New Engl Pow Assn 5s 1948 Deb 5%s 1954 New Eng Pow Co 3 %• A-.1961 120,000 136,000 125,000 6,000 7,000 55,000 15,000 16",660 5,000 87.000 65,000 23,000 9,000 41,000 63,000 91,000 159,000 637,000 1,295,000 209,000 3,051,000 55,000 248,000 5s stamped 1942 a6s series A 1949 AN Y Pa & O RR 4 %sstpd 1950 N Y State E & G 4%s 1980 4%s registered 1980 N Y & Westchester Ltg 5s-'54 4s 2004 — For footnotes see page 63. c 108% 105% Jan. 40 80 94% 88 106 108 95% 89% 107 109 93% Sale 60 Sale 99% Sale U9% Sale 104% Sale 82% Sale 89 108 73% 74 Sale 109% 74% 98 77 Sale 92% Sale 36 38 115% 116 107% Sale 96% 98% 78 Sale 118 121 54% 54% 54% 91% 93% 107% 55% Sale Sale Sale Sale Sale 100% 102 92% Sale 74 99% 112% 105% 108 80 Sale 102% Sale 103% 104% 105% Sale Sale 105 102% Jan. 104% Jan. 105% 105 58 Sale "47% 107% 106 Sale Jan. 104% Jan. 67 Jan. 12 102% Jan. 2 3,106 Jan. 16 30 108 Jan. 11 4 14 98 100% 99% 100 99% Jan. 18 92 86% 90% 3 93% 90% Jan. 5 107% 109% 107% 109% 107% Jan. 108 111% 108 4 110% 110 Jan. 100% Sale 99% 100% 99% Jan. 29 67% Sale 65 Jan. 22 66% Sale 104% Jan. 70 Jan. 101 5 3 16 102 104 70 10 Jan. 4 12 25 Sale Sale Sale Sale Sale Sale 106,„ a~,~ 103% Sale 105% Jan. 8 106% Jan. 31 11 104 Jan. 15 104% Jan. 10 99% Sale Sale 107 104 99% Sale 111% 113 121 108% 105% 79% 107% 106 26 24% 124% 126 108% 109% 107% 107 Sale 81% 121 Sale 24% Sale Sale 98% Sale 100 % Sale 107% 108% 102 Jan. 103% Jan. 109% Jan. Sale Sale Sale 101 112% Jan. 4 Jan. 27 3 111% Jan. Jan. 108% Jan. 106 Jan. 78% Jan. 121 Jan. 98 99% Jan. 9 6 112 Jan. 17 107% Jan. 8 31 25% Jan. 18 5 126% Jan. 3 111 Jan. 23 19 107 Jan. 15 81% Jan. 31 2 122% Jan. 63% Jan. 25 Jan. 23 24 63 62% Jan. 98 Jan. 99 Jan. 9 71% Jan. 71% Jan. 71% Jan. 2 99% Jan. 15 100% Jan. 15 109% Jan. 17 30 5 9 9 9 9 8 18 113% 114% 104% 2 Jan. 108% Jan. 102% Sale 102% Sale 79% 81 105 Sale Jan. 99 106 8 22 110 92 Sale 24% Jan. Jan. 128% 124 123 65 Sale Sale Sale Sale 68% Sale 67% Sale 68 Sale 109% Sale 92% Sale 102 102% Sale 85 Sale 104% Sale Jan. 9 102% Jan. 5 102 Jan. 81 Jan. 17 103% Jan. 3 85 Jan. 31 101 55 24 105% Jan. 4 104 Jan. 10 104% 104% 104% Jan. 65 102% 104 104% Sale 46 6 17 105 Jan. 22 55 62 55% Jan. 102 Sale 101% Jan. 105% 105% 104% Jan. 45 47% 45% Jan. 22 55% Jan. 22 17 102% Jan. 2 106 Jan. 22 49% Jan. 12 10 1065m 107 29 106% Jan. 2 104% Jan. 48 106% Sale 106 Jan. Jan. 108% 103 105 106 Sale 110% 113 108% Sale 109 Sale 105% 105% 106% 104% Jan. 3 104 111% Sale 110% Jan. 107% 107% 107% Jan. 107% Sale 107 % Jan. 94% Oct. 7 4 98% Apr. 14 91% Sept. 7 110 Sept. 11 110% 93% Jan. 3 100% 68% May 2 July 21 Mar. 10 Nov. 17 May 23 Dec. 14 73% Oct. 30 93% Apr. 13 101% Aug. 2 95 Sept. 7 103 Oct. 25 101% Dec. 11 101% Dec. 11 102 Apr. 14107 Aug. 4 82% Jan. 4.103 Dec. 30 88% Jan. 12 103% Aug. 15 107 Sept. 6 111% Nov. 1 73% Jan. 10 96% Dec. 22 77 Jan. 98 Jan. 92% Jan. 24 Dec. 114% Sept. 107% Jan. 96 Jan. 72% Sept. 114 Oct. Jan. Jan. 54% Jan. 87% Apr. 55 54 90 Apr. 100%. Oct. 99% Dec. 15 112 Oct. 3 107% Nov. 25 38 Apr. '29 Win Nov. 29 May 6 109% July 7 89% Mar. 10 123% 73% 73% 73% 99% 100] 109% _ 99% Feb. 2 104 89% Apr. 11 104 77% Sept. 23 86% 97 Sept. 5 105% un 101 July 27 July 18 July 18 July 10 Dec. 22 Dec. 29 May 31 July 18 Nov. 27 Mar. 23 Nov. 9 Jan! 18 95 3 111% Jan. 19 108% Jan. 26 104 97 19 109% Jan. 5 3 Sept. 29 113% May 26 Sept.25 106% June 13 49 Aug. 95% Apr. 100% Sept. 46% Dec. 105% Sept. 101 Sept. 100% Sept. 96 104 2 105% June 4 Sale 106% 98% 14 Nov. 14 1043 1 1073 82 19 11 110% Jan. 100% Jan. Feb. 4 28% Jan. 11 31% Aug. 7 99% Sept. 22 105% May 23 May 75% Nov. 15 25 2 102 Jan. 5 102% Jan. 103% Jan. 45 Jan. 100% Jan. 102% Jan. 110 96 91 8 2 Nov. 17 102% Dec. 13 105 93% Jan. 101% Sale 102% Sale 106 103 2 108% July Mar. 24 30 Mar. 18 104 102% Sept. 109% Jan. 100% Sale 102% Sale 104 Sale 98% Oct. 22% Jan. 95 17 17 25 104% 105% 103% 104 66 70 67% 70 60 Nippon Elec Pow 6%s 1953 40 Nor Amer L & P 5%s A 1956 97 North Boston Ltg Prop 3%s *47 Nor Cont Util 5%s A 1948 "45% Nor Indiana G & E 6s 1952 107 Nor Ind Pub Serv 5s_ 1966 105% 5s series D —-1969 105% 4%sE 1970 104% Northwest Elec 6sstpd—1945 104% 1,272,000 Nor'west Pub Serv 5s A—-1957 97% 1945 1968 1962 16 26% 102% 103% 102,000 834,000 631,000 573,000 310,000 494,000 648,000 986,000 180,000 356,000 Ogden Gas Co 5s 1,397,000 Ohio Power 3%s 1,043,000 Ohio Public Service 4s 40 107% New Orleans Pnblic Serv— 80,000 88,000 47,000 172,000 1,000 15 106% Sale Memphis Comm'l Appeal— 9,000 27,000 13,000 21,000 24,000 32,000 105% 106% 106 Sept. Feb. Apr. 58 Mar. 11 102% Dec. 26 108 Nov. 22 58% Aug. 7 110% Oct. 17 107 Jan. 26 106% Jan. 11 105% May 29 108 May 23 105% Nov. 9 Sept.29 111% Dec. 19 Sept. 5 109% Aug. 1 6 110% Nov. 27 99% Sept. AGGREGATE • PRICES IN SALES In January $ 22,000 21,000 3,000 41,000 36,000 5,000 815,000 7,000 295,000 34,000 76,000 57,666 27,000 44,000 13,000 19,000 35,000 196**,660 319,000 102,000 30,000 44.000 5,000 33,000 5,000 271,000 95,000 57,000 19,000 7,000 32,000 3,000 Jan. 3 1939 bonds (1Concluded) 268,000 0 da Nat Gas 3%b B——1955 43,000 OsdaPow & Water 5s A...1948 $ -1940 192,000 1 acific Coast Power 5s_ 767,000 Pacific Gas & Eiec 6s B—-1941 Pacific Investing 5s A 1948 Without warrants 240,000 69,000 Pacific Ltg & Pow 5s._—1942 6,207,000 Pacific Power & Light 5s__1955 131.000 Park Lexington Bldg 3s_—1964 4,963,000 Penn Cent Lt & Pow 4)^8-1977 6s 1979 254,000 1,952,000 Penn Electric 4s series F--1971 4s series F reg 1971 10,000 5s series H ---1962 623,000 Penn-Ohio Edison 6s 1950 Without warrants 744,000 5Ms series B 1959 1,195,000 1947 359.000 Penn Pub Serv 6s O 5s series D 1954 112,000 606,000 Penn Water & Pow 4MS--1968 5s 1940 333,000 2,325,000 Peoples Gas Lt & Coke 4sB_'81 4s series D ! 1961 2,516,000 .1972 1,643,000 Phila Elec Power 5 Ms1962 181,000 Phila Rapid Transit 6s Piedmont Hydro-Electric Co— 6Ms series A 1960 664,000 —1949 140,000 Pittsburgh Coal 4s 1948 374,000 Pittsburgh Steel 6s 34,000 Apomerania Elec Co 6s—1953 1.913,000 Portland Gas & Coke 5s—1940 5s certifs of deposit 1940 2,000 - - — - . 594,000 228,000 150,000 214,000 23,000 1,071,000 1,109,000 305,000 834,000 6,892,000 2,870,000 3,679,000 304,000 - Potomac Edison 5s ser E..1956 930,000 Queens Boro G & E 5Ms—1952 -->1953 77,000 ARuhr Gas Co 6 Ms 1958 7,000 ARuhr Housing 6Ms A 143,000 3,000 1979 559,000 Safe Harbor Water Pr 86,000 San Joaquin L & P 6s B—. 1952 32,000 45,000 19,000 3,000 79,000 14,000 39,000 1,001,000 740,000 966,000 681,000 763,000 961,000 92,000 11,000 5,000 Bid Jan. 2 Ask 91M Sale 101 92 M 94 113M H4M 76 30 92 M 98 93 110 94 112 2,037,000 725,000 858,000 713,000 596,000 349,000 581,000 394,000 356,000 Sale Sale Sale Sale Sale 91M Sale 106m 107M 105 M Sale 108 104 M 104 H 91M Sale Sale 95 — Sale 112 76 77 50 105 51 106 98 Sale 18M 23 M Sale 64 107M 108 111 41H 31 20 Sale 35 108 M 109M 131 Sale 31 1943 ullin Steel Co 3s 1951 Shawinigan W & P 4Ms—. .1967 1970 4Ms series D_ Sheridan Wyo Coal 6s—. 1947 Sou Carolina Power 5s---. 1957 .2025 Southeast P & L 6s. Sou Calif Ed 3Ms—May 1 1960 3 Ms series B—July 1 1960 Southern Counties Gas .1968 of California 4Ms Southern Indiana Ry 4s... 1951 S'western Assoc Tel 5s A.. .1961 .1957 Southwestern L & P 5s 2022 Southwestern P & L 6s S'western Pub Serv 6s A_. .1945 ASpalding (AG) & Bros 5s 1989 l8i* 67 Sale 104 H 76M Sale Sale Sale 109M Sale 45 M Sale 103 H 83 105 *1948 Sale Sale 60 H eoU Sale Sale .1950 2 32 15 103M Jan. 5 91 98 94 104 17 24 3 108M Jan. 108 M 107 Sale 108M 106 Sale 107M 107M 109 109M 107M 106M 107M 108 103 M Sale 106 Jan. 95 Vs 97 M Sale 95 M Sale Sale 97 M 98 113M H4M 114M Sale 94M 95M 98 M Sale Jan. Jan. Jan. 95 M Jan 96 m Jan. 113M Jan. 96 Jan. 108 Jan. 42 43 M 41M Jan. 43 M 46 106 104M Jan. 104 M 104M 105 100 Jan. 100 M Sale 100 Sale 14 Jan. 13 30 12 M 30 83M Jan. 84 M Sale 83 % Sale 84 Jan. 84 Sale 82 M 83 24 46 3 105 2 101 14 12 Jan. Jan. 91 Jan. 108M Jan. 108 M Sale 110 Jan. 110M U0 51 Jan. 49 M 52 M 51M 87M Jan. 88 M Sale 90 14 Jan. 14 16 30 2 109 108 H Sale 110 111 49M 2 24 Jan. Jan. 90M Jan. 4 76 12 12 6 64 5 81 91X Jan. 10 14 Jan. 13 14 Jan. 12 Jan. 12 Jan. 8 11 11 2 Jan. 5 18M Jan. 10 18M Jan. 10 14 35 15 Jan. 17 15 17 107M Jan. 134 Jan. 6Ms series A 35 23 99M 112M 109 Vs 109 M Sale 65 Sale 585,000 41,000 99,000 705,000 1,649,000 350,000 3,551,000 614,000 312,000 702,000 1,366,000 Sale A—1979 Twin City Rap Tr 5Ms A.1952 5Ms A registered.. ..1952 Sale ...1950 1949 — 1941 1st 6s 1945 United Lt & Pow 6 Ms 1974 Deb 6s —.1975 a 1959 United Lt & Rys(Del) 5 Ms 1952 , Sale Sale Sale 78. Sale _ 104 M Sale 114 A1952 1973 72 Utah Power & Light 4Ms. 1944 6s series A -.2022 91M T&H 94 82 90 M 92 82 Sale 87 Sale 21 Sale a5s income deb 1954 3,306,000 Wash Ry & Elec 4s 1951 107 H HO 89,000 Western Newspaper Union— 69 M Sale Conv deb 6s 1944 510,000 West Penn Elec 5s 2030 104 M 105 349,000 West Penn Traction 5s i960 111M 112 310,000 .1951 106 M Sale 51,000 Wheeling Elec Co 5s Wisconsin P & L 4s A....1966 100 M Sale 1.827,000 Yadkin River Power 5s...1941 795,000 1937 454,000 t aYork Rys Co 5s 5s stamped..... ...... .1947 847,000 For footnote* see page 53. 102 M 87 M 90 87M 00 102 10 30 30 30 19 22 3 Jan. 49 Sale 49M Jan. 19 19 Sale 48 19 19 19 19 2 72M Jan. 72 M Jan. 72M Jan. 48 Sale 59 M 22 M Sale 48 49 Sale 19 Sale 29 Jan. 10 35 26 24M Jan. 3 26 42 Jan. 43 Sale 104M Jan. 105 Sale 107M Jan. 107 M Sale Jan. 117 115 Sale 119M 115 100 Jan. 102 M 102 M 101M Sale 62M Jan. 65 M Sale 62 M Sale Jan. 3 44M Sale Sale Sale 9H Sale 118M u?8 IP Sale 30 IP ip 30 83 M 107 93 118 80 - 99 18 35 87 16 85 80 Sale 9 117M Jan. Apr. 14 21M June 30 43 M Jan. 20 Jan. 17M Jan. 77M Jan. 75 77 M Sale 107 M 108 M 107 88 Sale 88 Sale 118 Sale 118 Sale 74 75 M 77 80 M 99 Sale 99M 100 99 Sale 100 Sale 102 4 4 103M Feb. 39 M May 100M Sept. 104 M 97 97 Sale Sale 98 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 16 11 11 24 24 2 31 2 24 2 2 Jan. 54 % Sale 107 108 52M Jan. 106M Jan. 115M 116 115 105 104M Jan. 105M Jan. 104 M 105 94 M 97 95 M 98 45H Jan. 20 Jan. 18M Jan. 89m 87M 107 % 93 % 18M 84 M 100M 101K 20 103 Jan. Jan. Jan. Jan. Jan. Jan Jan. Jan. 57 Nov. 30 Oct. 18 108M Nov. 29 59 July 20 74 M Aug. 74M Aug. 74M Aug. 73 M Aug. 74 Aug. 3 3 3 3 li 13 73MAug. 3 35 Jan. 5 26 64 50 Mar. 9 11 Oct. 11 11 11 11 15M Nov. 1 Sept. 14 53H 94M Sept. 26 104M 3 107M 4 115 86M Jan. 25 103 50M Jan. 26 66 M 61M Dec. 11 61M 29 , 3 Jan. 14 Jan. 14 Dec. 16 Dec. 30 Aug. 15 Dec. 18 Aug. 2 Dec. 11 5M Dec. 21 52M Jan. Sept. 11 119M July 8 11 Jan. 14 19] 110 5 11 18 9 8 Jan. L04M Ji 96M[Jan. 97 Jan. 33 8 Sept. 20 Oct. 13 16M Dec. 27 Apr. 10 8 68 Apr. 72 10 4 103 4 Sept. 52 14 28 M July 25 28 H June 14 90 Aug. 5 88 % Oct. 26 7 108 M Dec. 11 Dec. 30 93 11 110 9 15 15 25 78M Apr. Sept. 11 119M 68M Apr. 15 85 8 100 M 91 Apr. 81X Apr. 11 101 Aug. Aug. 3 3 Nov. 16 Dec. 13 89M Apr. 10 102 M Dec. 82 Jan. 3 101M Dec. 16 16 8 87 3 9 30 106 6 107 M Jan. 22 115M Jan. Jan. 11 105 30 23 12 23 15 106M Jan. 17 105 Jan. 98M Jan. 98MlJan. 3 Jan. 3 102M Dec. Sept. Sept. 1 31M Feb. 17 July 14 7 111 49 104 100 10H Jan. 7M Jan. 8M Sale 108M 109M 108M Jan. 109 Jan. 1 105 M Dec. 27 105 K Nov. 22 104 K Dec. 22 Apr. 54M Apr. 65 Apr. 54 Apr. 54 Apr. 63 M Apr. 15M Dec. 103 Jan. 99 M Jan. 6 ~8M 99 101M 102 106M 107 10 3 118M Jan. 106 Sept. Apr. 55 46 Jan. 8 105M Jan. 11 108% Jan 2 118M Jan. 17 103M Jan. 2 65M Jan. 24 111M May 12 111M May 12 Sept. Sept. 104 M Jan. 47 M Dec. 25 Aug. 99 M Aug. 1 Dec. 29 113 94M Jan. 16 19 Aug. !§& Jan. 6 18 102 M 102M 102 Sale Sale Sale Jan. Jan. 11 2 Jan. Mar. 18 Jan. 9 Mar. 7 Sept. 27 75 Feb. 20 10a 105 M Feb. 16 Dec. 27 95 76M Jan. 83 Jan. Sale 100 100 M 52] Jan. 72M Jan. 7lM Jan. 22 M Jan. 31 138 Sept. May Sept. Sept. 102 97M Jan. 29 100M Jan. 2 102M Jan. 100M Jan. 102 M 106m 107 115M 119 104 H Sale 105 M Sale 72 98M July 35 25 111M Oct. Nov. n» ip 8 8 9 8 8 8 31 Feb. 25 27 21 100 81 Mar. 14 r*> Sale Sale 10 M Sale 107 M 109 6 63H Jan. 28 8 22 Sale 19 82 M Dec. 29 Aug. 15 May 10 Dec. 18 Dec. 30 Aug. 3 8 2 30 3 6 June 84 U Nov. Sept. 28 157 M Sept. 21 108 Ji 75H Jan. 3 99 M 72 Jan. 3 97M 70M Jan. 14 93 M Sept. 121M Sept. 99M Jan. 22 105MIJan. 2 107M Jan. 15 107M Jan. 53 H Jan. 31 3 50 Jan. 60 83 U 1946 1,929,000 Virginia Pub Ser 5Ms A 6a. -1946 502,000 5s series B 1950 1,357,000 10219asJan. 107 M 26 77 75 104 12 Jan. Jan. 104 M 26 M Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 20 50 105 58M Sale Sale Sale Sale 51M 57 Jan. Jan. 05% Jan. 51M Jan. 05MJan. 4 102 H* Jan. 104M Jan. Sale 1956 51 Jan. Jan. 31 6 Jan. Jan. 31 Jan. 27 67M 98M 97U 95 m 100M 112M 110M 110M Jan Jan. Jan. Jan. Jan. Sale 52 Sale 116M 117 3 2 2 24 60 22 49 M 99 103 M 100 87 M 50 M 25 4 4 104 19 12 July 17 Aug. 15 Nov. 17 Sept. 12 106 9 109M Jan. Jan. 16 134 59 60 M 25 Tide Water Power 5s 5Ms 92M 98M 110M Sale 108M 109M 108M 32 1956 2022 Jan. 95 95 M Jan. Sale Sale Sale Sale Sale Sale Sale Sale 63M Jan. Sale Sale 105M 105% 105 M Sale 51M Sale 51 52 105 105M 106 109 102 H 103 104M 99M l6i" 107 M 108 M 107 M Sale 53 H Sale 49M 50 67 M 67 M 67 M 66 M 67 M 66 M 23 Jan. 102 M Jan. 95 o95M 28 --I960 United Lt & Rys (Me) 6s Deb 6s series A Sale Sale 24M —1953 Without warrants AUnited Indus 6 Ms 97 M .1940 Texas Elec Service 5s 6s 4th stamped 224,000 United Elec of N J 4s United Elec Service 7s 25 3< 104 y Sale Sale 13 22 Sept. 21 111 4 53 2 105 H Dec. 20 23 107 9M Oct. .1946 - Texas Power & Lt 5s 6s 11 21M 103 M 64 95 95 H 91 22 134 100 96M Jan. 138 Mar. Mar. Oct. Jan. 17 109M Feb. 20 105M Jnly 13 35 132 Dec. 29 Nov. 9 6 115M Oct. 16 Dec. 29 95 Oct. 2 Jan. 3 Dec. 27 27 9 Sale 108M 109 7 5 17 137 25 Jan. 35M Sept. 19 51 Mar. June 28 108 95M Aug. 31 100M Oct. 12 97 133 2 101 Sale 109M HO 4 12 19 20 17 Apr. 39M Jan. 77M Oct. Jan. 7 Jan. 9 9 99 2 Dec. 29 6 110M Jan. 53 Jan. Jan. Jan. May Nov. 6 108 Sept. 11 4 Mar. 24 Aug. Jan. Dec. Jan. Dec. Jan. Nov. Jan. Sept. 6 105M July Dec. Dec. 29 104 109M Sept. 30 35 35 17 76 Jan. Jan. 19 153M 151M 152M 150 151M 155 107 Jan. 31 108 Sale 107 108M 107 94M Jan. 24 100X 97 M Sale 98 M Sale 91 % Jan. 24 100 95 M Sale 98 Sale 90M Jan. 23 97 93 Sale 92 M Sale 96 M 20 96 10 113M 95 H 3 7 44 M 26 03 M 3 105 Oct. 3 109 M 100 H Jan. 3 107 M 91M Jan. 102X Sept. 7 109 M 103 M Sept. 12 108 104M Sept. 7 108M 100 Dec. 11 105 90 Sept. 5 100 92 M Apr. 14 100 M 106M Jan. 30 97M Jan 26 98M Jan. 26 114M Jan. 5 98M*Jan. Sept. 6 104 Sept. 11 114 109M Oct. 25 102 109M Jan. 107M Jan. 108M Jan. Jan. 106 109 107 M Sale 33 Waldorf Astoria Corp— 91,000 101H Jan. 43M Jan. 4 22 11 5 105M Jan. Ulen & Company— 33,000 32,000 Jan. 88 30 105M Jan. 14 1937 6s 1,242,000 64,000 26,000 11,000 18,000 54,000 43 25 Jan. 14 Sale 3 104H Dec. 16 98 96 Jan. 3 Jan. 29 112 24 97 M Jan Jan. 88 Sale 91M Jan. 108 10 110M Jan. 104 Sale Sale 107 M 103 M Oct. 18 6 104 22 Sale 66 ASchulte Real Estate 6s... 1951 661,000 AStarrett Corp 5s Stinnes (Hugo) Indus— 7s 2d stamped 149,000 7s 2d stamped 258,000 140,000 12,000 153,000 1,000 93 43 M 93M Jan. 09% Jan. 90M Jan. 109M Sale 100 m Sale Standard Gas & Electric— 6s stamped .1948= 6s conv stamped .1951 6s .1957 6s gold debs 574,000 .1966 6s 1,785,000 2,949,000 Stand Power & Lt 6s..... .1957 719,000 3,945,000 2,339,000 299,000 1,626,000 2,446,000 1,000 123,000 85,000 108,000 Sale 112 18 100M Jan. 107M 107M 108M 108M 107M Jan. 97 Scripps(E W) Co 5Ms 2,512,000 1,751,000 2,698,000 35,000 180,000 79,000 11,000 160,000 266,000 77,000 259,000 22,000 429,000 64,000 58,000 25,000 61,000 95 111 Sale 44 102 M Sale 102 % Sale 103 M 104 M 105 M Sale Sale 104M Sale 104 93 M 43 M Sale 32 Terni Hydro-Electric Co— 49,000 1,000 3,000 99 102 109 M Sale 100M Jan. 109M Jan. Highest Sale Prices 4 17 107 M Dec. Sale Prices ASaxon Public Works— 42,000 86,000 956,000 592,000 1,413,000 681,000 216,000 1,228,000 7,610,000 YEAR 1939 Lowest Highest Lowest Jan. 31 Sale Prices Sale Prices Ask Ask Bid 2 106 M 107 M 106M Jan. 30 107M Jan. 107 M Sale 104 Jan. 30 102M Jan. 18 103 103 M 103 M 104 Bid 100 M 103 109 M Sale 102 113M Sale 4Ms series F-* 1961 109 Potrero Sugar 7s stamped .1947 39M Power Corp of Can 4 Ms B-1959 102 M 18 iPrussian Electric 6s 1954 Public Service Co of N J—• 148 6% perpetual certificates Pub Serv of Okla 4s—___1966 106 M 75 H Puget Sound P & L 5 Ms—1949 72 M 5s series O 1950 71 4Ms series D .>1950 1,000 1,000 2,000 26,000 75,000 199,000 94,000 17,000 194,000 362,000 102,000 92,000 RANGE FOR JANUARY Price new york curb exchange 12 Months 1939 41,000 4,000 60,000 exchange NEW york curb 52 108 M Jan 2 56 Jan. 2 Mar. 4 Dec. 28 63 Jan. 28 106H Aug. 29 July 24 Sept. 5 116 8 103 M Nov. 1 106M Jan. Nov. 17 99 Sept. 6 107 102M Jan. June 15 97 M Nov. 27 98 Nov. 21 4 106 Apr. 20 86M Apr. 24 87 AGGREGATE SALES In PRICES IN JANUARY RANGE FOR YEAR 1939 Price NEW YORK CURB EXCHANGE 12 Months January 53 NEW YORK CTJRB EXCHANGE FEB., 1940] Jan. 3 1939 Jan 1939 Bid Ask 2 . Jan. 31 Ask Bid Bid Lowest Highest Lowest Highest Sale Prices Ask Sale Prices Sale Prices Sale Prices FOREIGN GOVERNMENT AND MUNICIPAL 3,000 8"O6O Agricul Mtge Bk Rep of Col— A20-year 7s Jan 15 1946 7s certifs of deposit 1946 420-year 7s. Jan 15 1947 7s certifs of deposit 1947 *6s ctfs of deposit -1947 Antioquia (Dept) Colombia— 47s A ctfs of deposit 1945 47s C ctfs of deposit. 1945 47s D ctfs of deposit 1945 47s 1st ser ctfe of dep—1957 37,000 1,000 33,000 4,000 2,000 26,000 3,000 1,000 11,000 7s 3rd 1,000 2,000 ser ctfs of dep 25M Caldas 26 35 26X Jan. 15 35* 26M Jan. 19 25 23 26 M 25 30 26 26H Jan. 13 26M Jan. 12 25 23 23 26 25 "30" 35 35 35 28 35 23M Sept. 18 25M Dec. 8 ~30" 24M 26M 35, Jan. Dec. 11 6 35 24M Jan. 16 25 11 25 8X 15 11 25 8% 15 11 25 10 10 10 25 8M Jan. 26 12M Aug. 22 13 M June 21 7 7 15 15 10 25 10 25 11 10 16 10 25 11M Jan. 30 11M Jan. 30 12 30 30 121 29 12 29 11M 20 15 35 15 35 20 10 35 10 35 13 M 12 16 13 15 25 10 1957 25 10 10 25 25 12M 12 M 35 35 12M 12M 35 35 26 40 28 M Jan. 7 25M Dec. 8 27M Dec. 29 25 Dec. 6 24M Mar. 14 30 17 8X 84,000 4Baden (Germany) 7s 1951 Bogota, City of (Colombia)— 1,000 48s ctfs or deposit 1945 15 25 3 Jan. Jan. Mar. 16 14M Dec. 20 14 June 9 13 M June 21 14 M Nov. 16 9M Nov. 14 20 July 20 Mar. 10 15 Mar. 10 15 (Colombia)— 11M a7Ms ctfs of deposit— 1946 12,000 26 26M 16 X June 15 16 M Aug. 10 18 Nov. 20 4 iCauca Valley (Dept 14,000 of) Rep of Colombia extl s r 7s 1948 47s ctfe of deposit 1948 7^s ctfs of deposit 1946 286,000 8,000 9,000 13 12 Sale Sale 1494 Jan. 12 15 Jan. 20 Jan. 28 11 X Mar. 18 12 Jan. 3 15X Dec. 28 17 M Dec. 8 6M Sept 21 25 X Mar. 25 X Mar. ACent Bk of German State & 15,000 2,000 2,000 19,000 10,000 5,000 8,000 65,000 12,000 3,000 9,000 297,000 139,000 110,000 227,000 178,000 49,000 67,000 146,000 233,000 242,000 25,000 10,000 46,000 11,000 20,000 15,000 4.000 2,000 * n a r No par 19 X 99 M 25 Sale 97 M 99 M 40M 21 20 17 17 12M 69* 10 11 x Sale ~7M "20" 24M 30 30 25 U 30 Ex-dividend. Bonds being traded flat. t Reported In receivership. s a 5 12 H 10 Sale 20 13 11M 20 9M Sale 9M 10M 14 H 16 M 25 6 43% 8 20 20 M 11% 11M 9M II8/4 13 M 25 20 11 14 16 M 10 16 52 Jan. 8 41 Jan. 7 Jan. 30 3 7 Jan. 30 8 13 X Jan. 1294 Jan. 17 30 7M Sept. 22 6M Sept. 16 25 12 25 10 26 28 35 12M Jan. 12M Jan. 12 16 Sale 96 97 8 9 5M Jan. 11 9M Jan. 10M Jan. 14M Jan. 2 35 22 26 Jan. 45 13 X 13M 58 Sale 14 M 18 13 15 12 39M 4294 10 M 9M 1094 38M Jan. 9M Jan. 7 X Jan. X Jan. X Jan. X 8 Sale 70M 13 M 13 M 7% 8H % Sale % Sale 76 15 19 "conv" convertible. 26X Jan. 16 25 19 13 17 42M Jan. 9M Jan. 13 6 2 6 Jan. 17 15 X 14M Jan. 14X Jan. 22 13 16 16 2 5 35 M Feb. 20 20 Mar. 6 20 Mar. 6 22 20 13 15 Apr. 4 Mar. 17 Mar.-10 Mar. 10 Nov. 22 15 20 18 June 10 13 M Dec. 8 25H Jan. 26 M Nov. 29 Dec. 25M Dec. 30 26 M Aug. 17 26 M Nov. 17 25 M Dec. 27 June 30 Dec. 19 6 16 Jan. 3 96 M Mar. 17 15 Mar. 10 14 M Mar. 11 Jan. % Jan. % Jan. 31 9 15 Jan. 1494 Jan . 31 Sept. yjl Sept. *A< Aug. *A Oct. 25 26 31 14 Apr. 27 May 5 3 8 H May M Feb. 23 H Jan. 11 69H Dec. 26 14 M Jan. 25 15M Sept. 11 Mississippi River Power 5s, 1951, Jan. 26 at 10 Root Petroleum Co. common, Jan. 24 at 1M• Sunray Oil Co. 5M % conv. pref., Jan. 30 at 32. voting trust certificates. n (Jnder the rule sales, in which no account is taken in computing range, are given below: "w w" with warrants. delivery sales, in which 4 11 20 13 25 79 15 X Jan. "w i" when issued. Deferred 27 35 1854 53 "m" mortgage. "n-v" non-voting. a 24 Jan. 6M Sept. 7M Oct. 7M Sept. 6 H Oct. 11 Sept. 10 Feb. 9 Jan. 4 6 25 M Dec. 27 35 14 M 42 M No sales. "x-w" without warrants. Abbreviations Used Above: "cod" certificates of deposit, "cons" consolidated. 15 35 Abbreviations Used Above: "cum" cumulative. "vtc" 11 23 8 32 22 & 1961 Jan. 9M Jan. 11 % Jan. 25 26 35 7X 8. 4 22 12 Oct. 8 24M Oct. 21 26 Apr. 21 35 9 7 z2 8 25 28 9 Jan. 48X Jan. 10 128/4 12 M Oct. 30 M Dec. 19 X Feb. 17 Jan. 48 Dec. 9 100 45 Nov. 13 96M Jan. 41 21 6Ms ctfs of deposit.... 1947 value, 38M 40 Sale 26 M 24 26 M 24 30 25 M 24 M AMtge Bank of Chile 6s 1931 Mtge Bank of Denmark 5s 1972 AParana (State of).Brazil 7s *58 ARio de Janeiro 6Ms 1959 ARussian Govt 6Ms„„ 1919 A5Ms-——— 1021] Santa Fe (City) Argentina— 124,000 a7s stamped 1945' 187,000 ASantiago (Chile) 7s—....1949 Sold under the rule. Deferred delivery sale, Sold for cash. 50 12 98,000 122,000 288,000 388,000 554,000 370,000 a7s 70 42 M 8 26 7 % ctfs of deposit 1951 a6Ms ctfe of deposit 1954 Mortgage Bank or Bogota— a7s issue of May 1927 1947 a7s ctfe of dep (May)—1947 a7s Issue of Oct 1927 1947 a7s ctfe of dep (Oct) 1947 Mtge Bank of Columbia 59,000 51M 22 51 12 22 1939 1949 ALima (City), Peru, 6Ms—1958 AMaranhao ?State) 7s. —1958 AMedellin (Colombia) 7s._1951 AHanover (City) Ger 7s AHanover (Prov) 6Ms 1,000 3,000 8,000 10,000 33,000 56,000 45,000 40 40 23 23 Prov Banks 6s B 1951 46s A 1952 Colombia (Republic of)— 46s ctfe of dep (A & O)—1961 Danish Cons Munic 5Ms—1955 5s 1953 4Danzig P & Wat'way BondAexternal s f 6Hs 1952 AGerman Cons Munic 7s._ 1947 46s 1947 20,000 16,000 no account is taken in computing range, are given below: Dominion Steel & Coa ICo. cl. B, Jan. 30 at 11M • r Cash sales, in which no account is taken in computing range, are given below: No sales. Chicago Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Bond Sales 1940 Shares. January 1939 607,000 Stock Sates 819,000 1939 Jan. 1 to Dec. 31 $58,000 1938 1939 1938 8,386,000 ... 1939 1940 $262,000 January 221,600 1,717,000 Jan. 1 to Dec. 31 10,947,000 AGGREGATE STOCK EXCHANGE 1939 BONDS Shares 1,334 2,000 Chic Ry 1st M 5s. 1,686,000 Commonwealth Ed 3*4s Stamped 26,000 170 79 350 20,950 15,960 16,600 3,650 6,800 13,877 250 600 12,950 ""loo 966 1,370 3,832 8,345 2,750 4,650 200 1.600 55 ' TO",700 ■2,190 2,000 8,750 20,270 17,600 16,950 180 "'"655 1,500 450 850 158,302 62,010 3,000 39,520 85,116 4,240 3,450 9,650 7,175 5,450 150 1,386 4,860 280 250 l'.ioo 3,820 1.115 530 310 100 3,630 1,000 1,350 25,600 370 1,030 1,490 500 650 17", 855 2,100 ""855 1,290 , /P * * 100 Co capital--100 II* 156*1 5 common 1 Equipment Co com * Backstay Welt Co common---* Barber Co (W H) common— Barlow & Seelig Mfg A com..5 Bastian-Blessing Co common.* Belden Mfg Co common 10 Belmont Radio Corp * Bendix Aviation Corp com 5 Berghoff Brewing Corp 1 Binks Mfg Co capital 1 Bliss & Laughhn Inc com 5 Borg-Warner Corp common 5 Brach & Sons (E J) capital * Brown Fence & Wire cl A pfd. * 550 4,175 Sale Sale 36*4 1 10 ..30 1 * 105,365 Cent & S W Util com (new) 50c Prior lien preferred * 4,882 Preferred * 11,840 6,830 Central States Pr & Lt pref—* Chain Belt Co common * 6,721 5 3,800 Cherry Burr ell Corp com 50 Chic City & Con Ry pt com..* 1 317,832 Chicago Corp common - 22*4 * pref Sale Sale Sale 38*4 170*4 5*4 14*4 *4 Sale Sale 7*4 Sale 3*4 3*4 5*4 6*4 17*4 9*4 18*4 10*4 '5*4 2 1*4 7 6 14 8 12*| Sale 10*4 11 5h 5*4 15 9*4 17*4 9*4 5 29*4 Sale 31*4 7*4 4*4 Sale 10 \v* 32 5*4 20 Sale 17 16 10 * Coleman Lamp & Stove com..* Com'wealth Edison com 25 Sale Sale 10*4 Sale 4 2*4 Sale 9 Sale 18 14*4 68 23*4 15 Sale 27 10 4*4 3*4 Jan. 2 4 3 3 Jan. 12 4 12 11*4 Jan. 18 Sale 18*4 Jan. 3 Jan. 12 10 35*4 Jan. 31 Jan. 8 25*4 21*4 17*4 4*4 10*4 20*4 10*4 Sale 10 20 20 105 109 3 53*4 Oct. Jan. 20 Dec. 29 June 23 14 128 3 118 Apr. Consolidated Biscuit com Consolidated Oil Corp July 25 Nov. 29 Jan. 15 Dec. 3 6 9424 Jan. 167*4 Jan. 5*4 Jan. 14*4 Jan. 14*4 2*4 7*4 20*4 Jan. 12 *4 Jan. 7*4 Jan. 23 8 *4 Jan. 6*4. Jan. 31 6*4 3*4 3*4 3*4 Jan. 3 4 Jan. 7*4 17*4 10 17*4 Sale Sale Sale Sale 4*4 6*4 Jan. 4 7 Jan. 5 9*4 Jan. 1734 Jan. 8*4 Jan. 4*4 Jan. 27*4 Jan. 5 11 Jan. 15 18*4 Jan. 9*4 Jan. 3 Jan. 3 32*4 Jan. 10*4 Jan. 31 Jan. 2 Jan. Jan. Jan. 3 12 Jan. Jan. 26 Dec. A 6 1624... 17*4 8*4 4*4 30*4 10*4 3*4 Sale *4 3 Jan. 30 Sale Sale 19 Sale 11*4 22*4 Jan. 21*4 Jan. 15 Jan. 5 11 13*4 2*4 7 2 Sale Sale 4*4 Jan. 3 10*4 Jan. 18 13 8 2*4 35 4*4 Sale 3 Sale 108 70 8*4 90*4 23*4 32*4 110 71*4 Sale Sale 35 Sale 2*4 Jan. 7*4 Jan. 21*4 Jan. 8 Jan. 10 11 .5 14 6 * 9 15 Sale Sale 12*4 2*4 7*4 14*4 3*4 Sale 25 *4 Jan. 11 109*4 110 74 9*4 Sale 3 Jan. 24 17 5 7 3 Jan. 23 Jan. 2 Jan. 13 1*4 Jan. 36*4 Jan. 4*4 324 36*4 Apr. 28 *4 Dec. 8 4 30 100 Jan. 11 45 Jan. 4 24 2 11*4 Sept. 19 *4 1*4 32*4 12*4 61*4 Apr. 10 69*4 Jan. 8*4 Jan. 79*4 Jan. 9*4 Jan. 9 15 91 Jan. 3 53*4 Apr. 4*4 Jan. 30 5 Jan. 4 25 4*4 2*4 18*4 25*4 *4 Jan. Jan. *4 Jan. Jan. 23 15 109 Jan. 16 110 2 70 Jan. Jan. 11 3 Jan. 2 35 J an. 8 3*4 Jan. 36*4 Jan. 10 11 Sale 31 Jan. 15 32*4 Jan. 3 13*4 14*4 3*4 Sale 13*4 Jan. 5 14*4 Jan. 3*4 Jan. 8 Jan. 11 13c 9 26 3 7*4 13 10 73 Jan. Jan. 16 7*4 Jan. 16 3 6 Apr. Sept. Apr. Sept. *4 Dec. 2 *4 Mar. *4 July *4 Dec. 6 Apr. 107*4 Oct. 67*4 Jan. 5 Jan. 67 16 24 Jan. 15 12 26 2*4 Apr. 2 32 3 10*4 May 31 5*4 Jan. 19 36h Oct. 28 32 Jan. 22 June 7 14 4 Nov. Jan. Jan. Apr. Apr. 1 5 Jan. 9 19 18 22 3 8 16*4 Jan. 6 Sept. 11 Jan. 4 82*4 Dec. 14 15 8 *4 Sept. Sept. 7 6 1 *4 Jan. 5 L13*4 Dec. 21 71*4 Dec. 15 7*4 Aug. 3 20*4 Sept. 20 15*4 Jan. 4 *4 Apr. 13 2*| Sept. 11 38*4 Mar. 10 14*4 Feb. 8 13 18 Mar. 1 Mar. Oct. July 15 20 13 3 26 *4 May 27 2 Jan. 9*4 Apr. 11 Apr. 8 11*4 Dec. 21 64*4 Apr. 11 16 3 Jan. *4 Jan. 2 118*4 Jan. 2 77 Jan. 3 6*4 Jan. 23 20*4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. *4 Jan. 34*4 10 0 Mar. 15 Oct. 20 Nov. 7 Aug. 7 33 *4 Oct. 27 10*4 19*4 12*4 6*4 23*4 Mar. 12 1 7*4 Feb. 16*4 Dec. Sept. 1 Apr. 11 11*4 Jan. 84*4 Jan. 7 6 14 10 11 8 27 18 4 19 Nov. 4 3 19 ""*4 4 Sept. Nov. Oct. June Sept. Mar. Feb. Feb. Nov. June 13 3 8*4 20 3 Dec. 20 Dec. 13 Dec. 28 June 16*4 Jan. b/6 Sale 70 31 25 2 20 Sale Sale 2*4 24 Oct. 20 Dec. Aug. 24 16 16 22 Sale 3 4 16 4 18 81*4 Jan. ""*4 3 3 23 11*4 Sale Jan. Jan. 5 Jan. 19 *4s 25 11*4 Jan. 13*4 Jan. 20 73 Oct. 11*4 Oct. 47*| Jan. 25*4 July 7*4 Jan. 17*4 Jan . 13 Aug. 3*4 Sept. 11*4 Jan. 14*4 18 "1*4 24 Apr. 12 Apr. 11 Sept. 1 3 3 14 117* 23*4 25*4 22*4 18*4 23 Apr. 10 Apr. 8 Sept. 1 Apr. 11 3 29 15*4 6*4 4 Oct. Jan. 8 Jan. 21*4 14 11*4 2 2*4 Jan. 6*4 Jan. 21 14*4 83 5 19 21 Feb. 18 Sale Sale 15 20 2124 17*4 4*4 2*4 *4 7*4 8h 109 110 68 69*4 8*4 9*4 83*4 Sale 7*4 2*4 18*4 27*4 31 Jan. 72 *4 13 31 3*4 Jan. 10 71*4 24 70 16 Jan. 14 Sale 35 7 6*4 36 un 5 4 25 15 ..... 5 31 20 T ¥ 4 Jan. 23*4 7 98 13*4 Nov. 20 Apr. 10 171 8*4 Aug. 29 June 14 15*4 1*4 Aug. 7 Apr. 11 38 7*4 Apr. 29 4*4 July 12 Nov. 2 2*4 *4 Sept. 11 June 29 9*4 June 26 *4 4*4 Aug. 31 8 2*4 Jan. 21*4 *4 6*4 28 11 29 4 Sale Sale Jan. Jan. 11 21 11*4 82*4 23 Jan. Sale Sale 16 3 5*4 Jan. 2 Sale Sale June 15*4 Jan. *4 Jan. 38 Jan. 37 Jan. 8 24 2*4 1*4 Apr. 3 6*4 Jan Sale 9 15 41*4 Jan. 20*4 Jan. 4 100 2 Oct. 12 15 172*4 Jan. *4 Jan. Oct. 19 11 23 *4 Oct. 25 Jan. Sale 36*4 it* 1 cap Oct. 11 4 Apr. 10 Jan. 12*4 Jan. 20*4 Jan. Rights Compressed Indus Gases 11 2 23 6 26 6 3 July 7 Apr. 8 Apr. 10 May 4 Apr. 22 Apr. 10 Sale 19 18*4 4*4 11*4 Jan. Jan. Jan. Jan. Jan. 49 30 Sale 23 70*4 Jan. 2 145 Jan. *4 6*4 Sale *4 Sale nsK 113*4 Sale 70 70*4 5*4 5*4 4*4 4*4 19 Sale 18*4 12 12 *4 Sale 12*4 *4 o Sale "1*4 Sale 1*4 36 Sale 3624 Sale 25 25 1224 *4 a 5*4 Sale 1*4 Sale 101*4 Sale 47*4 Sale 4*4 15*4 15 19 13 20*4 Sale Jan. 9 9 41 38 2 100 100 810 Chicago Ry pt ctfs "I" Part certificates "2" -.100 140 4 2,460 Chic Rivet & Machine cap 690 Chicago Towel Co conv Common capital 940 Sale 68*4 Jan. 99 97 96 94 171*4 5*4 15*4 *4 35 ny> 2 - Convertible preferred * 40 Chicago Electric Mfg A * 20,050 Chicago Flexible Shaft com. .5 100 17,621 Chicago & N W Ry com 31,100 1,210 769,684 854,000 18,200 14,950 42,579 19 6*4 17 Preferred Sale 40 5*4 22 - II* 20*4 10*4 2*4 * - 9 5 12,530 Castle & Co (A M) common .10 2,350 Cent Cold Storage Co com.-20 * 35,210 Central HI Pub Serv pref Cent 111 Secur Corp— Common 21,300 Convertible preferred 15,400 19*4 2*4 15*4 Sale Campbell Wyant & Cannon Foundry capital 4,760 18 Sale 1 cum conv pref 12*4 Sale 5 5% Sale 3*4 3 3*4 4 *4 10 Common 1,250 1,400 "T555 It* Sale Bruce Co (E L) common.. 26,980 Cities Service Co common 14,850 Club Alum Utensil Co com 86,100 Sale 1 480 Bunte Bros common 11,550 Burd Piston Ring common 102,705 Butler Bros common 13,274 Jan. 15 130 45*4 Jan. 47 8*4 3*4 2*4 11*4 20*4 19*4 9*4 3h 2,907 170 7*4 12*4 19*4 8*4 9*4 *4 * 8,078 Chicago Yellow Cab capital-_* 5 58,853 Chrysler Corp common 265 a* 34* 3 *4 22 Sale 90 30 Sale 9*4 3*4 Sale 144 45 49 47 69*4 8*4 Athey Truss Wheel capital--4 * --5 100 ""265 7 - Asbestos Mfg Co commonAssociates Invest Co com 29,150 Sale Prices Sale 11 4,870 Automatic Washer common-.3 3 67,153 Aviation Corp (Del) Rights (w i) 19,400 129,280 Aviation & Transport cap—- 4,045 750 900 Aro Co Sale 144 2h 984 Auburn Auto Co common 1,300 Automatic Products com """300 " Amer Tel & Tel 69 130 Sale in 10 - Sale 43 25 cl A Allis-Chalmers Mfg Co Armour & Highest Prices 53*4 Oct. 20 Sale Oct. 58 Castings 5 Aetna BaU Bearing common. _1 Allied Laboratories common--* 51,462 .178,217 30,150 30,055 4,550 10,100 Lowest Sale Prices p0> 520 Altorfer Bros conv pref 7,590 American Pub Serv pref 20 HiQhest Sale Prices Ask 128*4 128*4, 127*4 127*4 126*4 Jan. Advanced Alum Allied Products Corp Common Lowest ,.v Ask Bid Bid 109"" Sale" * 20,051 Abbott Laboratories com Rights 28,350 400 4*4 % cumconvpref 100 25 5,031 Acme Steel Co common 3,270 Adams (J D) Mfg common—* * 8,850 Adams Oil & Gas Co com 280 Ask 1927 1958 STOCKS Shares 4" Jan. 31 Jan. 2 1939 Bid 262",006 YEAR 1939 Price Jan. 3 12 Months January RANGE FOR PRICES IN JANUARY CHICAGO SALES In 8 2 1 15 Dec. 20 9 13 Oct. 14 Aug. 8 73*4 Nov. 29 9*4 Oct. 26 11 94 . _ 4 112 29 14 27 11 11 Apr. 26 Nov. 22 3 6*4 Aug. 24 9 3 *4 Dec. Oct. 9*4 Feb. 3*4 Mar. 35 Dec. 32*4 Dec. 22c Apr. 16*4 Sept. 6*4 Mar. 9*4 Sept. 6 6 2 16 29 27 27 13 0 Consumers Co— 60 100 30 1,220 260 V t c pref part shares 50 3,590 Com part shs vtcA 50 1,395 Common part shs vtcB * 3,140 11,916 Container Corp of Am com—20 * 3,682 Continental Steel common 745 ""857 Preferred 24,280 Crane Co For footnotes see page 56. common. 100 25 7*4 3 6*4 2*4 1 „ lk 16*4 Sale 27*4 Sale 101*4 37 Sale 3*4 4*4 124 2 *4 1*4 16*4 Sale 28 30 107 23*4 24 4 1 *4 16 27 107*4 22*4 4*4 1*4 *4 16*4 28*4 3*4 1 *4 15*4 25 Jan. Jan. Jan. Jan. Jan. 15 3*4 1*4 *4 17*4 22 28*4 Jan- 3 23*4 21*4 Jan. 23 24*4 Jam 4 9 17 13 Jan. Jan. Jan. Jan. 13 1 *4 13 *4 9*4 1654 102*4 3 17 Nov. Dec. Aug. Apr. Jan. Aug. 7*4 9 2*4 24 1*4 29 17*4 24 8 32 13 110 25 37*4 Jan. 6 July 13 Jan. 19 Dec. 6 Sept. 11 June 9 Jan. 4 CHICAGO FEB., 1940] AGGREGATE SALES m ^ 1939 Shares 510 1,350 120 800 300 STOCKS 4,560 16,601 1,490 18,850 1,300 Jan. 2 1939 Par Shares ' RANGE FOR YEAR 1939 Price Jan. 3 12 Months January 55 EXCHANGE PRICES IN JANUARY CHICAGO STOCK EXCHANGE In STOCK Ask Sale Cudahy Pack Co 7 % cum pf 100 Cunningham Drug Stores.-2% Curtis Lighting Inc common..* Dayton Rubber Mfg common_1 Sale —35 Sale Cum class A pref 16% 61 18 % 2 2 Jan. 31 Ask Bid 63 Sale Bid 18% 28% 18% 3% 19% 31 Ask 65% 18% Sale 1% 3% 18% Sale 30 —— Lowest Highest Sale Prices 59 Jan. 10 Jan. 10 1% Jan. 16 18 17 Lowest Highest Sale Prices Sale Prices Sale Prices Jan. 64 4 4 18% Jan. Jan. 2 12 48 7 Aug. 12% Apr. 8 1 Apr. 26 Jan. 15 9 10 19% Jan. 31% Jan. 23 29% Jan. 26 23 1% Jan. 31 1% Jan. 31 Apr. Apr. 11 10 73 19% 4% 19% 30% Mar. 8 Aug. 17 Sept. 6 Dec. 22 July 31 Decker (Alf) & Cohn— 100 5,610 90 1,695 """30 270 650 850 1,250 250 3,150 1,700 105 300 300 1,000 2,400 1,200 •"238 1,550 1,297 6,511 215 850 1% 10 100 Common. Preferred 310 De Mets Inc pref Dexter Co (The) common 2,900 5,290 8,242 3,650 9,900 6,250 55,890 22,705 5,958 7,000 14,700 13,550 37,650 17.159 10,150 105,194 2,213 16,949 28% 4% Gillette Safety 2.125 1,650 5,900 2,258 400 200 1,250 1,000 8,150 26,754 21,050 90,930 82,413 2,710 3,650 41,660 5,200 20 "270 600 4,040 3,430 1,550 725 150 205 28,041 4,210 35,359 860 2,800 1,795 '""766 400 396 2,006 20 820 250 3,500 2,0,50 60 740 410 750 700 1,700 600 '""ISO 10 350 3,430 950 50 960 50 520 1,428 8,025 4,318 14,600 1,380 162 1,550 200 390 200 170 8,885 4,350 310 42,000 1,050 2,650 400 550 950 200 390 100 350 150 110 30 2,340 450 120 400 52,500 481,280 31,050 38,300 43,790 30,110 51,402 17,580 6,620 8,050 5,990 2,500 200 20 3,950 100 Hall Printing Co common—10 Hamilton Mfg cl A part pref-10 Harnischfeger Corp common-10 Heileman Brewing Co G cap.. 1 Hein Werner Motor Parts—3 Heller (W E) 7% pf w w 25 Hibb Spencer Bartlett com—25 Horders Inc common —* Hormel & Co (Geo A) com— * Houdaille-Hershey— Class B— * Hubbeli, Harvey, Inc com—5 Hupp Motor Car common 1 2,550 "2", 400 1,550 130 850 4,300 150 40 1,190 2 3 11% 4% Sale 11 11% 10 % Jan, 4 Jan. 10 14 9% 2 2% 4 Sale 4% 13 4% 14 14% 4 4% 59 58% Sale 11 2% Sale 3 Sale 16 16% 17 63 13% 69 62% 69 51% Sale 10% 10% 56% Sale 10% 11% 2% 2% 47 % Sale Sale 3 Sale 3 13 5 9 2 49% Sale 6% 7% Sale Jan. 11 4% Jan. 26 10% Apr. 10 3 Apr. 24 Jan. 17 10 Jan. 12 2 Jan. 16 16 15% Jan. 15 17 Jan. 31 11% Apr. 14 51% Jan. 31 57% Jan. 8 2 % Jan. 45% Jan. 10 2% Jan. 13 48% Jan. 17 6 40% Apr. 11 10 Apr. 10 1% Apr. 8 36% Jan. 28 Jan. 15 4% Jan. 6% Jan. 4 55% Jan. 5% Jan. 4 6% Jan. 4 14 4% Jan. 2 59 11% 4% 5% 6% 7 12% 3% 6% Sale 4% Sale 52% Sale 4% 6% 5 Sale 51 3 16 9 10% 23% 12% 27 18% 7 7% 5% 8% Sale " 8% 11 Sale Sale Sale Sale 7% 6% Sale 8% 20 11 12 22% Sale 12% Sale 27% Sale 18 18% 5 7 5% 9% 8% 5% 9% 28 37" Sale" 39% 11% 23% 13% 11% 24% 17% Sale 12 10% 2 '21 4 93 60 % 30 Sale 23 4% 94 % Sale Ig I* 16% 18 % 26% Sale 13% 31 13% 13% 14 15 Sale 6% Sale 20 % 4 12% 23% 2% 86% 61% 3% 1 4% 12% 25 2% 88 Sale 39% Sale 38% Jan. 14 Sale 5 3% 24% 6% 6% * 10 Libby, McNeill & Libby com_* Lincoln Printing Co corn-----* 21 22% 2% 3 82% Sale 54% Sale —-10 * * * 5 9 15% 12% 5% 26 30 27 28% Jan. 9 , 9 39% Jan. 2 Jan. Jan. 13 14 Jan. 3 5 32 Jan. 23 13% Jan. 14% Jan. % Jan. 3 8 3 5 3 27 Jan. 18 Apr. 37 11 3% Sept. 5% Apr. 6 10 3% 3% 7% West Nachman Springfilled com. National Battery Co pref— Nat'l Bond & Invest corn- .* "* '* Nat *1 Pressure Cooker Co— II2 — 56. 14% Jan. 20 8% Sept. 5 15 Mar. 13 4% Sept. 30 17% Sept. Sale 3% 30 3% Sale %6 Sale 4% 4% % 10% 10% 18% 1% 14% Sale" 7% 31% 15% 9 32% 16 21% 41 143% 160 51% Sale 42 160% 55% 2% 46% 6% 7% 44 64% Sept. 27 11% Feb. 24 3% Oct. 2 48 Dec. 30 % 56% 6% 8% Jan. Oct. Jan. Jan. 3 26 11 5 5 19 Sale % 1% 25% Sale 2% 1?3* Sale 16 Sale 14 % 5 Jan. 26 2% Jan. 82% Jan. 23 22 Jan. Jan. 54 11 15 2 4 5 2% Sale % M 1% 1% 3. 25% 6 3% ----- 6% 6% 2% 5% Sale 38 7% 100 Jan. 4% 2% % 1% Jan. Jan. Jan. Jan. 21% Apr. 11 9 Apr. 4 18% Apr. 11 8% 4% 4% 6% Apr. Jan. July Jan. 7 Apr. 27 Oct. 32 Aug. 10% Apr. 23% Apr. 11 13 10 4 10 5 24 25 17 8% Jan. 8 100% Jan. 3 15 9 17 3 20 5 74 11 6% Jan. 15 Jan. 3 Jan. Jan. Jan. 8 Jan. 11 22 24 6 4 10 2 18 26 J an. 3 5 5 J an. 11 Sept. Jan. Jan. 29 10 Jan. 29 15 13 Jan. 4 15% Jan. 1% Jan. 25 Jan. 15 17% Jan. 1% Jan. 25% Jan. 23 5% Jan. Jan. 31 7% Jan. 36% Jan. 36 4 12 17 30 Dec. 4 5% Jan. 32% Mar. 16 Oct. Apr. 13 Jan. 6 11" Nov. 29 Aug. 20 Jan. June 18% Jan. Sept. 23 1 Apr. 24 25 May Sale 13 Jan. 31 4 30 29 27 15 Jan. Jan. Nov.20 Jan. alg 3% 28% 6 3 4 Jan. 23 30 Jan. 3% 0VA 8% Sale %6 % 2% 2% 20 26 U Jan. 10 2 3% Jan. 27 17% Nov. 8 3 5% Jan. 30% Dec. 16 11 Sale 1% Jan. 23 8 5% 6% 4% Jan. % Jan. 8 15 Jan. 11 % Jan. 3% Jan. 6 Jan. 20 23 4 Jan. 10 4 Jan. 4 Jan. 18 % 3% 10% 19% 1% 40% 51% 4 11% 20% 2% 42% Sale 80% 22% 10% Sale 39 Sale 17% Sale 4 5 1 9% Jan. 19 Jan. 1% Jan. Jan. 41 168% Jan. 50% Jan. 22 2% 6% 6% % 28* 3 57% Oct. 9 74 22 Jan. 13 18 11% Jan. 8 18 2 39 Jan. 27 31 6 Jan. 25 17% Jan. 4% Jan. % Jan. 9 ,% Jan. 27 Jan. 2 28% Jan. 3 31% 3% Sale 4 16 11 10% 28% 3% 7% Sale 3% 28% Jan. 3 % Jan. 18 31% Jan. 2 16 3% Jan. 6 8 Sale 7 % Jan. 10% Jan. 30 3 7% Jan. 30 11 11% Sale Sale 16 17 70 64 74 20% 19% Sale 3 22 6 31 May 27 June Dec. 2 25 29 23% Sept.13 6 Apr. 10 30% Jan. 25 10% Apr. 26 9 Jan. Jan. Jan. Jan. 7 55% Jan. 82% Jan. Sale 18% 2% Feb. 45 17 5 16 171 Jan. 7 Jan. 22 8 10% Jan. 37 Jan. 16% Jan. 9 24 24 21 10% 16% 63% 19% Sept. 30 22 4 July Jan. 3 4 k 1% Jan. 27% 17 60 June 1 42% Jan. Jan. 1% Jan. 5% Mar. 8 76 21 6 7% July 7% July 13 1% Apr. 18 8 30 169 Sale 7% 10^ 4 24 Jan. 27 10% 10% Jan. 4% Jan. 11 Aug. 3 10 Jan. Jan. 23 5 21 4% 14% Jan. Jan. 6 77 11% Sale 15% 5% % 10 2 5% 23% 10% 37% Oct. 4 Jan. 6 Sept.30 27 5 3% Jan. 7% Jan. Ms Jan. 6 Jan. Oct. 10 29 2 Jan. 3% Jan. 6 4 39% Nov. 30 16 26 Dec. Apr. 13 % Jan. 18 4 2% Jan. 32% July 25 4% Oct. 31 27 Sept. 21 10% Sept. 8 10 Sept. 5 9 27 Oct. V* 4 10 12 8 25 15 101% Dec. 14 Mar. 7 2% Apr. 21% 1% 9% 9% 13% Dec. 28 45l% Mar. Jan. 2% 25 4% 10 Sept. 30 6 Apr. Jan. Oct. lots Jan. 11 4 23 Jan. 50% Nov. 24 % Apr. 1% Aug. 27 May Jan. 3% 25% 6% 7% 2% 11 4 18 2% Aug. 30 Sept.30 26 43% Dec. 4% Dec. 13 3 4 Dec. 30 22 Jan. 30 2 Jan. Sept. 11 Sept. 13 4 6% Aug. 2 5% Aug. Mar. 7 19 Feb. Mar. 3% Jan. % J an. 1% Jan. Jan. Jan. Apr. 3% Apr. 29 20 5 4 6% 20% 23% 25% Sept. 15 Jan. 6 Oct. Nov. 17% Jan. 3 14% Dec. 16 2% Jan. 5 11 3% Jan. 25% Jan. 9% May 31 27 40 8 49% Jan. 26 18% Dec. 14 8% Nov. 30 8% Oct. 17 10 Nov. 28 8% Apr. 11 9% May 8 % Aug. 10 18 101% Jan. 25 5% Jan. 3 2 11 4 Nov. 2 Feb. 28 13% Dec. 13 31 Nov. 29 36 17 .100% Jan. Jan. 17 3 15 Jan. 19% Jan. 47% 46 % J an. 5% Jan. 7% Jan. 100 Jan. 44% Jan. 13% 37% 13% 27% 3 4 Sale 5 Sept. 11 11 8 15 12 15 Jan. 16 Jan. 90% Jan. 62% Jan. 24 V 30 21% Jan. 48% Jan. 6% Jan. 24% Jan. 2% Jan. 4% Jan. 4% Jan. 26 5 Sept. 11 Apr. 4 9% Aug. 16% Jan. 'JF 77 75 22 % 4 9 Nov. 13 65 Jan. 23% Dec. 16 Aug. 2% June 66% Apr. 48% Aug. 2% Jan. 2% Jan. 14 Sept. 18 Apr. 10% July 15% June 19 % Standard— — - 2% 4% 4% % Nat Repubhc Invest TrustCumul conv pref see page June 19 16 14% Mickelberry's Food Prod com.l 27 Sept. 21 5 4,„ Oct. 25 5 25% Dec. 4 43% Jan. 14 16 10 Metrop Indust allot ctfs Middle Feb. 35 3 5% Jan. 13% Jan. 27 17% 36 7 9 3% Jan. 16 Jan. "5% 8 38% 26 20 Sale 3% 7%. 36% 4 9% Jan. 24 9% 11% 15% 1% 25% 25 2 18 4% Jan. 11% Jan. 4% 10 12% 16% 1% 28 2 * Liquid Carbonic common 7H Sale 2% 8 19 22 26 4% 4% 11% Sale Sale 2% 25 Sale 4% 4% 9% 10 12% Sale 16% 17 1% Sale 25% 27 10 Lion Oil Ref Co capital 3% ----- 5 Jan. 19 100 44% 27 5% Jan. 11% Jan. 14 Jan. % Jan. 15% 102 Sale 12% Jan. 27% Jan. 7% Jan. 12% 14% 1 20 99 30 3 22 34 Sale Sale 49H 8% 15 11% Jan. 24% Jan. 20 11% 13% % 16 Sale 15 17 15 32% 17% 8% 98% 43% 12 13 30 16% 6 Jan. Jan. Jan. Jan. 17% Jan. 7 Jan. 5% Jan. 8% Jan. 8% Jan. 4 4 3 10% 21% 11% 25 28 16% 19% 45% 26 25 3% Mar. 30 Jan. 4 July 21 25% Oct. 18 19% Jan. 17 5% Nov. 1 10% Nov. 4 13 % Nov. 30 38 30 30 20 Sale 8% Jan. U 54 % 28 27 12 22 1 11 11 17 3 8 10 Jan. Jan. Sale —* Common stock -10 13,626 5,100 National Union Radio com. -.1 58,285 Noblitt-Sparks Ind Inc cap —5 28,500 North American Car com— .20 750 Northern Paper Mills corn"* 5,400 Northern 111 Finance cornII* 61,560 North west Bancorp com Northwest Eng Co capital-6,750 loo 4,950 Nor West Util pr lien pref 100 7,185 7% preferred For footnotes 3% Jan. 24 Jan. pref 100 Lynch Corp common Aug. Apr. Apr. Apr. 39% Jan. % 1% Loudon Packing common Apr. 14% 2% 17% 24% 13 % Preferred 6 5 26 1% com. 2 23 Sale 15% Jan. 9% Dec. 4 Apr. 5% Aug. 9% Sept. 30 Sept. 16% Jan. Jan. Kingsbury Brewing Co cap—1 preferred Light & Chem 3 22% Jan. 37% Jan. La Salle Ext Univ common—5 $3.50 Lindsay 15% Jan. Oct. 19 Dec. 29 Jan. 13 23% 39% 3% preferred— 12 3 22 2% Cumulative 3 19 Jan. 12 9 37% 18% 4% 5 Le Roi Co common 25 3 Sale 10% Kentucky Util jr cum pref. .50 6% preferred 100 Ken-Rad Tube & Lp com A--* Lawbeck Corp 6% cum Leath & Co common Jan. 13% Jan. 35% Jan. 11 31 Sale 10 Joslyn Mfg & Supply Co com.5 Katz Drug Co common -1 Kellogg Switchboard com * Preferred 100 Kerlyn Oil Co common A 12 Sale 12% 4% 1 * New capital.. National ? * Iron Fireman Mfg Co v t c—* Jarvis (W B) Co capital---—1 Corp capital—5 Midland United Co common--* Convertible preferred A * Midland Util 6% pr lien—.100 7% prior lien 100 7% preferred A 100 6% preferred A 100 Miller & Hart Inc conv pref-.* Minneapolis Brew Co com—1 Modine Mfg common * Monroe Chemical Co com * Preferred * 710 630 Montgomery Ward & Co cl A_ * Common * 90.472 6,320 Mountain States Power preflOO 2,420 Muskegon Mot Spec class A— * 2,200 5,374 3,342 1,850 210 Goodyear Tire & Rub com— Gossard Co (H W) commonGreat Lakes Dr & Dk com— Jefferson Electric Co com 12% Sale 15% 17% 4 12 11% 36% Sale 11 10% 26% Sale 7,200 McCord Rad & Mfg "A".—* 1,640 McQuay-Norris Mfg com * 1,050 McWilliam Dredge common. _* 39,550 Manhat-Dearborn Corp corn.* 1,170 Mapes Consol Mfg capital----* * 259,545 Marshall Field & Co com 45.160 Mer & Mfrs Sec cl A com—-1 $2 cumul part pref * 4,860 40 "3", 350 common.. $6 preferred 4 5% Jan. 39% 19% Sale 22,714 Internat Harvester common._* 490 Interstate Power $7 pref--—* 3,440 19,900 68,940 4,650 4,300 27,760 6,530 1,010 10,670 2,520 5,700 14,850 18,670 9,050 1,790 14,230 1,270 3,950 37,569 13,700 2,190 4,140 23% Jan. 12 33 12,400 Indep Pneum Tool s t c new--* —1 6,025 Indiana Steel Prod com * 7,684 Inland Steel Co capital 150 1.450 Bros"inc Sale 15% v 19 5% Jan. 8% Jan. 11% Jan. 34% Jan. 3 % 24 Inc class A— 24,450 Illinois Brick Co capital----10 100 31.629 Illinois Central RR com Preferred A_ 100 30 130 3",720 Goldblatt 'll% Sale" 15 20 900 6 20% Jan. 13 5 Sale 84% a Razor pref— 60 Godchaux Sugar Class B 20% 9 6 13 % General Motors Corp com—10 General Outdoor Aav com— 20% 8 9 8 39% - Sale 30 11% 33% Qlass A. General Foods common— Gen Household Util com 1% Dec. 29 35 13 9 * 18,200 Gardner Denver Co com (new) * $3 cum conv pref --20 750 6,321 General Amer Transp com---5 --5 2,200 General Candy Corp A 25,100 General Finance Corp com..-l 1% Sale 12 O Diamond T Motor Car com-.2 Dixie-Vortex Co common——* Dodge Mfg Corp common—* Eddy Paper Co. (The)—— * El Household Util Corp 5 Elgin Nat Watch Co -15 Fairbanks Morse common—* Fitz Simons & Connell Dredge & Dock Co common * Four-Wheel Drive Auto—.10 Fox (Peter) Brewing com 5 Fuller Mfg Co common 1 2% 30 1,050 Deep Rock Oil conv pref. .—* * 23,967 Deere & Co common 11 Nov. 15 37% Dec. 27 16% Nov. 27 6% June 19 Jan. 18 % Apr. 10 1 Apr. 10 % June 13 16% Apr. 11 2 Aug. 4 27 4 16 6 11 12 Jan. 31 Jan. 20 17 70 Jan. Jan. 2 11 9% 6% 14% 40% 22% Jan. 11 11 Jan. 28 Dec. 26 1% Jan. 12 35 28 Sept. 11 5% Sept. 25 7% Dec. 29 2 Apr. 10 Jan. 26 Jan. 9 Apr. 10 20% Mar. 16 67 Aug. 3 26% Aug. 3 Jan. Oct. 12% Jan. 11 Oct. 7 26 56 CHICAGO AGGREGATE SALES In Price STOCKS Jan. 3 1939 1939 Shares Par 220 Nunn-Bush Shoe common—2 % 50 Okla Gas & El Co 7% pref-100 Shares 110 110 2.749 Omnibus Corp common 1,100 Ontario Mfg Go common 90 EXCHANGE PRICES IN JANUARY CHICAGO STOCK EXCHANGE 12 Months January STOCK 6 * Bid ". 12* Ask Ai Jan. 31 Jan. 2 Bid 12 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 13% 12 Jan. 16 12% Jan. 18 13% 14% 13% Jan. 19 14% Jan. 5 12 13 12 Jan. 23 12 Jan. 23 31* 7 29 Jan. Jan. 4 Jan. Jan. 29 11 105 '}8* 10 11% Sept. 20 13% May 17 112 12% Dec. 27 20 11% Nov. 27 14% 109 12% 15% YEAR 1939 Lowest Ask Ask Bid 12 13% RANGE FOR 12% 14% 14% Jan. 4 June 27 Feb. 25 Oct 27 Oshkosh B'Gosh Inc— 140 690 650 30 200 150 60 150 250 1,985 1,357 290 700 400 120 r 1,857 1,120 150 550 150 250 140 1,000 750 2,925 300 220 400 290 - \ '! "T,606 50 1,020 """70 400 2,705 100 2,272 400 400 1,428 250 4,000 9,750 1 ,503 512 1,400 1,300 2,024 1,991 ""638 8,843 652 1,550 750 850 160 120 1,900 3,443 116 Convertible preferred * 3,050 Parker Pen Co (The) com—10 17,850 Peabody Coal Co B com -5 530 6% preferred 100 5,210 Penn Elec Switch conv A—-10 4,950 Penn Gas & Elec A com * 39,134 Pennsylvania RR capital 50 16,180 Peoples Gas Lt & Coke cap. 100 3,290 Perfect Circle (The) Co * 3,800 Pictorial Paper Pkg com 5 55,500 Pines Winterfront common—1 5,776 Poor & Co class B * 6,500 Potter Co (The) common 1 46,375 Pressed Steel Oar common—1 50 5 % conv 2nd pref- — 50 1,600 Process Corp common --* 11,500 Quaker Oats Co common * 3,856 Preferred 100 3,100 Rath Packing common 10 6.750 Raytheon Mfg Co com 50c 3,600 6% preferred.— _5 2,550 Reliance Mfg Co common—10 Rollins Hosiery Mills— 2 % Sale 75,190 Common -1 19% 220 Ross Gear & Tool common—* 21% 11,050 Sangamo Elec Co com (new)-* 24% Sale 9% Sale 18,390 Schwitzer Cummins capital—1 73% Sale 51,906 Sears, Roebuck & Co capital-_ * 2% Sale 8,820 Serrick Corp class B common-1 25 28 2,320 Signode Steel Strap Co pf— -30 15 15% 6,000 Common -* 3,010 Sivyer Steel Castings com * 19 Sale 21,050 South Bend Lathe Wks cap--5 1% 4 380 Sou Colo Power A common._25 105 1,820 Southw G & E Co 7 % pref- -100 L03 460 Southwestern Lt & Pow pfd__* 78% 90 15% Sale 28,508 Spiegel Inc common __2 396 St Joseph Lead capital 10 940 St Louis Nat Stockyards cap..* "58"" "80"" 11 12 13,100 Standard Dredge (new) pref_20 1% 2 31,850 Common (new)1 3% 3% 1,979 Standard Gas & Elec com* 28% Sale 48,904 Stand Oil of Ind capital 25 10 12% 2,560 Stein & Co (A) common * 2% 3% 4,500 Sterling Brewers Inc common_l 12% Sale 34,330 Stewart-Warner Corp com--.5 5 6 3,050 Storkline Furniture com 10 8% Sale 31,340 Sunstrand Mach Tool com 5 18% Sale 97,236 Swift & Co capital stock 25 27% Sale 36,587 Swift Internacional capital--15 Texas Corp capital 25 3% Sale 11,401 Thompson (J R) common 25 15 Sale 13,950 Trane Co (The) common 2 90% Sale 26,300 Union Carbide & Carbon cap.* 12% Sale 25,282 United Air L Transp capital--5 200 United Gas Corp common 1 7,594 U S Gypsum Co common-—-20 110% Sale 30,736 United States Steel common.-* 1,523 7% cumul preferred----.100 2% Sale 52,800 Utah Radio Products com____l 17,400 Utility & Ind Corp common--5 26,250 Convertible preferred 7 20 480 Viking Pump Co common * iH 220 Preferred 20,530 Wahl Co common 46,373 Walgreen Co common2,197 Wayne Pump Co capital 39 * * * _1 Western Union Teleg com.-100 West'house El & Mfg com 50 Wieboidt Stores Inc com * Cum prior preferred * Williams Oil-O-Matic com * 24,034 312 11,405 550 4,450 110 420 100 4,850 7,400 1,850 53,400 % 18% Sale 32% Sale 23% Sale 118 119 Sale 80 2% 90 3 29 11% 41* 40* 15% 1% 2% 23% Sale 38 27 14 42 119 145 45% 14K % 12 M Sale8 45 1 Sale "48" &* Sale 15 3 Sale 1% 9 .1% 27 10 85% Sale 1% 1% 28 29 17 15% 14% Sale 23 Sale 1% m % 10% 10% Sale 41 12 12 Jan. 11 3 Jan. 24 15 16 27 Jan. 20 8 5 % 11 38 28 11* 4* 16 3 8 24 12% Jan. 4 11% Jan. 23 14% Jan. 2 151% Jan. 52% 1 11% 13 1% 1% 26% 9% 83% A* 30 17 14 22% 1% 97 9% 48 Jan. Jan. % Jan. % Jan. 11% Jan. 1% Jan. 3 123 5 il53 6 55% 22 1 11 % 12 12 4 2% 1% 26% 12% 1% 7% 7% Jan. 18 Jan. 12 17 Jan. Jan. 11 Jan. Jan. 25 30 Dec. May Sept. 27 5 Sept. 16 16% Sept. 27 . Oct. Nov. 125 157 10 1% Jan. 3 1 18 15 5 9% Jan. 81% Jan. 1% Jan. 10 Jan. 4 13 87 Jan. 4 Ay Jan. 6 2 Jan. 27 29 18 c Sale 18 28 Jan. 16% Jan. 15 14 23 22% Jan. Jan. 6 20 5 4 11 30 17 15 Jan. Jan. 23% Jan. , 3 Sept. Sale 108% Jan" 97 Sale 39 80 13 Jan. 9% Jan. 15 5 31 Jan. Jan. Jan. Jan. 8 24 12 Jan. 1% 7% 6% 15% Jan. Jan. Jan. Jan. 31 29 22 Jan. 2 Sale 30% Jan. 42% Jan. 31 2% Sale 15 2 Sale Jan. 3 Jan. 24 Jan. 99 11 "77~" Jan" "16 "77% 11% 1% 1% 25% Sale ilo" 4 Jan. 19 12% Jan. 22 2% Jan. 2% Jan. 15 27% Jan. 27 30 19 3 3 15 14 22 Jan. 1% Jan. 8% Jan. Jan. 17% Jan. 23 4 Aug. 2 Sept. 20 85% Nov. 8 Apr. Jan. Oct. 19% Oct. 8 16 May Apr. EM 24 22 3 32 Mar. , 2 July 102%-Sept. Dec. Aug. May Dec. 23% 10% 1 % 6% 5% 4 Sept. 11 Oct. 30 Aug. Dec. 30 13% Feb. Sept. 2 76 Apr. 1 4 26 26 2 110% Nov. 27 95% Aug. 15 16% Mar. 7 ts>* Sept. 5 88 Apr. 8% Aug. 32% Apr. 65 May 9 6 19% Jan. 26 8 32 % Mar. Oct. 20 12 Mar. 1 a 20 Dec. 29 Jan. 12 2% Jan. 7 Aug. 60% Apr. 1 July Sale Jan. 14 22% Apr. Sale !S* Jan. 1 July 31 47 8% May Jan. 16 16% Sept. 27 23% June 15 % July 26 Oct. 17 Mar. 14 Feb. 24 Oct. 25 Mar. 9 June 16 Apr. Apr. 3% Feb. % Apr 7%. Aug. % June 6% Aug. 23% June % Aug. 108% Apr. 138% Oct. 27 Apr. % Apr. Sale Sale 12 Sept. 21 9 15% Jan. Sept. 13 11% Apr. % Apr. Sept. 8 118 31 27% Jan. Feb. 4 1 Sale Nov. 16 12% 1% 15% 30% 17 3 Jan; 4% Jan. % Jan. 12 June 6 30 12 11 Jan. 5% Jan. % Jan. 154 % 120 150 46 77 "12% 1% Sale 1% 2% 26% Sale 12 13 2% Sale 8: Jan. Jan. 40 15 2 38 42 75% 22 % 11% 34 109 l(klH 95 25 Jan. 40 Jan. 15 Jan. 2% Jan. Jan. 21% Jan. 35% Jan. % 25% 12% Jan. 22 Sale % 13% 11 5 29 Jan. % Jan. 12 SUle 21% 35% 28% 4% 12* 2 Nov. 22 1 Aug. 14 Sept. 13 13% Nov. 3 2% Mar. 13 5 12% Jan. 15% 7 15% 22 Sale 32 Sale 16 4 4% 14% Sale Sale 16j| 83 117% *8 Sale 86 Sale Sale Sale % 1% 32 8% 17 42% Sale 4% 4% 14% 13% 80% Sale 15% Sale HP* 117 1% 19 Sale 1% 19% 40 Sale Sale Sale 4 IV* 6 14% Jan. 80% Jan. 14% Jan. 15 83 56 118 115% 1% 1% Sale % 1% 1% 90 1% 19 39% 1% 20% 24 22% Sale 22% Sale 106% 7 6% 91% 1% "I % 1% Sale 22 20% Sale 22 21% 26% Sale 116 117% 108 % 6% Sale 16 Jan. 39 1% 9 Sale 2 23% Jan. 32% Jan. 44% Jan. 4% Jan. 14% Jan. 88 15 Jan. 16% Jan. Jan. 15 87 Jan. 22 68 Jan. Jan. 23 118% Jan. 12 1% Jan. Jan. 30 Jan. 5 Jan. 2 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 12 . 18 20 40 Jan. Jan. Jan. Jan. 24 11 4 23 3 25 3 4 5 12 5 24 Jan. 2 29 22 Jan. 17 24% Jan. 15 28% Jan. 23 117% Jan. 25 7% Jan. 13 91% Jan. 9 1% Jan. 7% Nov. 13 17% Oct. 26 Sept. 5 37% Sept. 5 7J Sept. Apr. Apr. Apr. 4% Nov. 2 16% Oct. 25 93% Sept. 13 Dec. 30 Dec. 7 17 17 30 3 1% Jan. 10 15 Jan. 17 . Sept. Jan. Apr. Apr. 24% July 1 6 1 - 1,404 24 12 8 31 13% 5% - "1450 1,500 —* Common 8 8 3 4 10 13 9 11 66 25 18. 66% Sept 63% Nov. 115% Nov. 1% Apr. h Sept. 1 % Apr. 5 18 119% Oct. 28 2% June 15 Feb. 6 6 Feb. 21 J Apr. Feb. Apr. Sept. Apr. Apr 6 July 80% Jan. 1% Aug. Feb. 32% 15% Jan 38% % 15% 21% 16% 83% Dec. 22 'fan* W Oct. Jan. 40% Oct. 18 2% Nov. 1 23% July 6 3 36% Sept. 21 Sept. 12 120 . 10 Mar. 11 6 91% Dec. 2% Jan. 11 Wisconsin Bankshares— 674 700 1,910 * 12,300 9,096 #4,550 152,959 No par value. Common ._* Woodall Indust common 2 Wrigley (Wm Jr) Co capital--* Yates-Amer Mach capital 5 Zenith Radio Corp common--* x "1% ""1% 4% 3% 84% 2% 20 % 16 4% Sale 5% 5% Sale 5 4 88 2% 16% 5% 4% 85% 5% 4% 87% 5 Jan. 4 29 31 3 Sale 4 Jan. 84% Jan. 2% Jan. 15 Sale 15 Jan. 3 8 5% 4% 89% 3% 16% Ex-dividend. 1 Jan. Jan. Jan. Jan. Jan. 5 6 5 19 3 3% Apr. 3 Apr. 74% Apr. 1% July 12 Apr. 18 11 11 3 11 5% Jan. 5% Jan. 85% July 19 18 18 2% Sept. 13 22% Jan. 4 Baltimore Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales 1940 January Shares 1939 Bond Sales 1939 594,502 $324,600 $380,850 1938 563,150 Jan. 1 to Dec. 31 1939 1940 January, 63,908 55,599 - 1939 Jan. 1 to Dec. 31 - 1938 - 1,594,700 2,619,350 AQOREOATE SALES In BALTIMORE STOCK EXCHANGE PRICES IN JANUARY BONDS $ BALTIMORE CITY BONDS- 1945 ..1955 1957 1957 1958 1961 1961 1975 1975 1975 100 City 4s Harbor serial 100 City 4s School House 1,800 City 4s water serial 1,300 City 4s Dock Impt 100 City 4s School House 1,816,000 Bait 536,750 72,500 17,000 128,000 2,000 2,000 12,000 3,000 1,000 1,000 5,000 3,000 2,000 11,000 2,000 ~2",666 Shares Transit Co 4s flat A 5s flat B 5s Finance Co of Amer 4%--1942 4% 1947 Ga Caro & Nor ext 1st 6s_.1934 Georgia Marble Co Ga Sou & Fla Ry 5% 6%-.1950 1945 ..1945 Interstate Bond Co 5% 5% 5%._ 5% 5% I'M 720 576 154 134 405 Jan. 31 Ask Bid Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 108*4 Jan. 120 121 2,010 118 20 Sale 27 22 34 Sale 31*4 Sale 32*4 29*4 35 94 82*4 10034 101 96*4 97 Sale 36 ..... 26*4 Jan. 31 92 30 36 Jan. 25 Jan. 25 95*4 Jan. 27 12 103*4 Jan. 12 4 Jan. 15 Jan. 4 103*4 Jan. 55 22 3,450 4,379 3,879 6,025 13,950 270 6 100 100 Sept.30 100 Jan. 31 101*4 28 101*4 Apr. 14 101 Apr. 15 102 *4 May 10 12 Sept. 30 Feb. 2 Feb. 7 100 102 12 20 10,303 447 ♦ No * 50 20% Sale 20*4 31 Sale 22 35c Sale 40c 21 2034 Sale 2034 Jan. 45c Sale 40c 31 21*4 Jan. 16 19*4 Apr. 14 17 Apr. 10 15*4 Apr. 10 25 25c comloO 6% preferred 1.50 Sale 21% 1.55 Sale Sale 1.65 Sale Jan. 2 1.50 Jan. 5 55c Jan. 1.85 Jan. 26 value. Preferred 119 Sale" 79*4 Sale 78*4 Jan. 22 83 Jan. 6 8 11834 Jan. 29 Sale "5% ""534 12*4 82*4 11734 115*4 80*4 14*4 Sale 32 35 10*4 11*4 10*4 Sale 3034 Sale 123 30*4 9*4 125 32*4 116 934 10 28 30 127 130 31*4 32*4 10 Jan. 934 Jan. 30 126 Jan. Jan. 30*4 Jan. 9*4 Jan. 27 11*4 Jan. 3 31 Jan. 5 130 Jan. 3 8 9 5 6 32*4 Jan. 934 Jan. 26 30 ; 19 1934 Oct. 24 98 Oct. 71 Jan. 4 84 Aug. Mar. 22 17 Sale 17 17*4 17 Jan. 2 17*4 Jan. 3 112*4 Mar. 22 117 Sept. 14 121% 5 % Apr. 6 10 4 17 Apr. 4 32 12% Apr. 11 112 Apr. 8 130 29% Apr. 19 35 8*4 July 27 103* 9*4 July 20 10 June Sept. 27 Aug. 11 40c Jan. 4 3oc Sale 48c 55c 33c Jan. 4 60c 55c 1.25 50 260 15*4 16 25*4 Sale 1334 27*4 Sale 28*4 35 39 2 11*4 1 1.15 50 1 82*4 43*4 13*4 Sale ----- 12 Sale 1.40 1.50 14*4 2834 2*4 45*4 44*4 15 1.35 8634 89 45c 25c 67*4 68 72 48 Sale 1.50 31c Sale Jan. 1334 Jan. 28 2 Jan. 4 11 Jan. 11 16*4 Jan. 2834 Jan. 2*4 Jan. 18 11 11 26 19*4 Sale" Sale 22*4 Sale 33*4 Sale 3 Oct. 19 July 21 Sept. 27 Jan. 9 28 1.00 Jan. 4 3.00 Sept. 27 Dec. 53 9 July 12 Jan. 9 35 44*4 Jan. 15*4 Jan. 44 % 1.45 Jan. 8 26 11 42 19 88*4 Jan. 8 83 1434 July 31 1.55 Sept. 9 88*4 Mar. 10 Jan. 4 Jan. 5 Jan. 5 11 *22*4 JanT"l5 33% Jan. 11 Jan. 48 40c Jan. 72*4 Jan. ♦ 31 25 Jan. 8 4 70 Jan. Nov. 29 1.40 27 % Jan. 24 35% 2 34 Feb. 17 224 Jan. 4 263 12 Aug. 17 21 4 30c 89 May 25 100 May 25 Feb. 27 Mar. 23 65c Dec. 12 6 8*4 Jan. Mar. 10 Mar. 15 30c Dec. 2 1.40 Jan. 3 25c 2 89 23 *4 Jan. Jan" 3434 Jan. June 23 % Apr. 10 10*4 Apr. 8 1.00 Feb. 24 3 15c 9 Sept. 21 Sept. 21 67 • 13*4 17 35*4 40 23*4 Sale 34*4 35 3 Sept. 27 2.00 Jan. 25 Mar. 30 8 25c 15 259*4 Jan. Jan. Jan. Jan. Jan. 1.35 Jan. 134 45*4 44*4 12*4 88 8834 35c 83*4 * 15*4 29 3 258 6 Nov. 14 6 9 1.50 19 18 Nov. Jan. "3534 Sale" Mar. June 5c Sale Jan. Apr. 20 27 27 31 30 4 50c Sept. Sept. Sept. July 22 20 100 48c 3 12 June 26 16*4 Apr. 15 Apr. 14 20 101 35c 8 Jan. 19 24 50 10c 100 2 Jan. 21 1 20 1.40 Sale 19 zlll 101 1 30 2.10 Jan. 3*4 Apr. 28 24*4 Sept. 20 17 3 * 1 11 17 42 % Dec. 25 1 June 21 24 % Mar. 10 3 31% Jan. 15% Apr. 10 70c July 28 Apr. Apr. 6 * common Ex-dividend. 28 1.20 Apr. ly> 8* 18 70 100 1st preferred 2d preferred x Feb. Mar. 3 May 10 i 22 100 564 Phillips Packing Co 5% % Pf 100 12 Real Estate Trust Co 100 532 Seaboard Comm'l com 10 384 5% preferred 50 126,199 U S Fidelity & Guar 2 1,239 Western National Bank 20 par Feb. par 5 Preferred 6 19 Mar. 15 100 48,198 New Amsterdam Casualty 46,404 North Amer Oil Co com 894 Northern Central Ry 12,745 Owings Mills Distillery 3,068 Penna Water & Power com . Oct. Mar. 15 101 100 460 National Marine Bank 25 June 21 1 101*4 Dec. 101 101 * 3,638 Monon W Penn PS 7% pref.25 3,545 MtVern-Woodb Millscom.lOO Preferred 100 4,574 5 29 100 194i 23 Mercantile Trust Co 7,255 Merch & Miners Transp 396 9 Dec. Mar. 20 100 101 79,363 Mar Tex Oil Common class A 16,453 2,344 Martin (Glenn L) Co com 132 Maryland & Pa RR com 71 451 372 348 Feb. 12 100*4 May 100 Class B 134 Mfrs Finance 252 Jan. 100 100 STOCKS 28 100 99 34 100 Read Drug & Chem 5*4s__1945 13 Jan. 17 15 *4 Mar. 20 80 June 21 45 Mar. 28 100 South Bound Ry 1st 5s Oct. 121 96 100 1950 July July 28 121 118 128 *4 July 28 12134 Mar. 124 H July 28 124 h July 28 8 Nov. 19*1 Apr. 10 31 8 22*4 Apr. 12 35*4 Nov. Dec. 21 83*4 May 9 101 103 *4 103*4 27 108*4 Jan. 27 120 July 28 Oct. 9934 99 34 101*4 36,192 Houston Oil preferred 25 59 Humphryes Mfg Co common 10 21 July July July 121 12 Georgia Sou & Fla 1st pref_100 6 2nd preferred 100 190 Guilford Realty Co com __1 70 1939 Lowest Ask "99 34" 15,990 Bait Transit Co com vtc * 1st preferred vtc 26,905 * 762 Benesch & Sons Co Inc com__* * 2,022 Black & Decker common 505 Brager Eisenberg Inc com 1 1 Comm'l Credit 4% % pref__100 8,662 Consol Gas E L & Power * 4,879 5% preferred 100 2,236 4*4% pref B 100 5,339 Davison Chemical Co com 1 35,217 Eastern Sugar Assoccom v.t.c.l Preferred v.t.c._ 13,921 1 5,274 Fidelity & Deposit 20 3,396 Fidelity & Guar Fire Corp 10 5 3,249 Finance Co of Am class A ""163 Bid 1947 1948 30 Atlantic Coast Line RR 504 Ask -.1949 37,189 Arundel Corp 2,018 Atlantic Coast L (Conn) 1,164 2,042 Bid 1946 5% Shares 2,263 Jan. 2 1939 400 Oity 3 %s Four MiRion 100 City 4s Public Park 321.000 49,850 8,000 YEAR Jan. 3 1939 January RANGE FOR Price Months 12 11 19 12 35c Dec. 14 84 % 113*4 Sept.12 113% 67 % Mar. 23 100 64 % Aug. 23 65 13 34 12% Sept. 20 34*4 Oct. 24 39*4 16 % Apr. 8 23% 31 Jan. 3 35 Sept. 29 Dec. 28 Mar. 10 Sept.12 June 24 July 20 Jan. 30 Mar. 7 10 Dec. 20 July Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK 1939 357,272 515,234 Shares. January 1939 . In 12 1,900 "2",650 Months 1,340 870 80 10,485 212 130 215 725 2,785 3,580 1,567 1,096 249 61 STOCKS 41,670 15,878 I,790 6,544 20 458 84 207 523 3.177 46 447 95 3,452 100 457 810 203 150 517 1,301 37 635 1,567 834 307 77 410 258 4.380 5 2,777 110 5 222 1.381 221 70 910 """SO 510 20 757 200 996 1,958 2,929 135 2,725 100 Preferred Prior preferred Class A 1st pref stpd 1st preferred^ class A Class B 1st pref stpd 1st preferred class B Class C 1st pref stpd 1st pref class C Class D 1st pref stpd 100 Class D 1st preferred 100 Boston Personal Prop Trust- * . Preferred Adjustment 560 Economy Grocery Stores 18,646 Employers' Group Assoc 1,216 General Capital Corp Georgian Inc (The)— 8% cum class A pref 2,329 3,221 Gilchrist Co 14,015 Gillette Safety Razor Co 1,274 Hathaway Bakeries class A Preferred 15 646 45 232 319 4,704 482 260 50 2,113 2,447 100 "2",556 200 320 4,343 547 1,437 41 863 204 5 100 * Bid Ask common 6% pref 149% IX 24% Pacific 75 80 82% 52% 18 2% % 6% 2% 1% 2% 1% 20 * * * 25 80 98% Jan. 24 80 Jan. 30 92% Jan. 16 95 93% Jan. 16 • Jan. 92 Jan. 102 Sale 30 102 —- Sale ..... Sale Sale 25c" 25c * * * 40c 70c 30 92 Sale 171 llV* 78 Sale 145% 44% 18% Sale 1 98 10% 83% 148% 46% 19% Sale 2% % 9% 2 Sale Sale Sale 5% 75c Sale 17 Dec. 15 2 Jan. Jan. 9 15 Jan. 15 172% Jan. Apr. Dec. 30 Jan. 16 Dec. 21 Mar. 10 Jan. 15 2 84% 78 Jan. 2 Sale 144% Jan. 44% Jan. 18% Jan. 19% 15 Sale 2 Jan. Jan. Jan. 2 17 4 2% 2 2 1 Sale 8% Sale 7% Jan. 29 Sale 2 2% 2 Jan. 2 3 2 Jan. 20 2% 2% 3 4 2% 1% 12% 13 18 19 3 1% 7% 27% % 6% 25% % 5 4% 7c 20c Sale 1 5% 25% 7c 3 29 20 8 15 Jan. Jan. Jan. Jan. Jan. Jan. Jan. July 7 1 Jan. Feb. 27 Jan. Jan. Jan. Jan. Jan. 26 Jan. 16 10% 2% 2% 2% Jan. 2 2% Jan. 2% Jan. Jan. 3 3 5 2% Jan. Jan. 17 14 17 19% Jan. 1% Jan. 7% Jan. 4 19 % 4% Jan. "4% 25 5 5c Jan. 23 2% Jan. 22 42 Jan. 15 19 5c 20c 3% Jan. Jan. 3% Jan. 48% Jan. 21% Jan. 24 Sale 2% 43% 12% Sale 20 21 19 1.00 61 65c 95c Jan. Jan. 30 99c 58 62 60 Jan. 12 63 16% 3% 15% 17 15% Jan. 29 Jan. 29 17% Jan. 2% Jan. 4% Jan. 1% 1 1% 68% 67 20% 3% 5% Sale 4 Sale 32% 1% 5% 1% 20% 58 15% 2% 3% 2% 15% 23% 30% 2 3 36 43 Sale 2 4c 22% 3% Sale 3% 15 4% 3c "IX "2% 14% 13 106% Sale 3$ 125 18% Jan. 21% Jan. 29% Jan. 17 24 Jan. Jan. 24 5 1% 38 Sale 34% 127% % 1 Sale 55 1% 60c 20c 14% 24% 1% 10% 17 80c 40 25 64c Sale 1 24c Sale Sale 3% 17% 2 Sale Sale 1 11* 60c 38 47% 26 30% 7c Sale 1.00 30 Sept.25 18 24 Oct. Jan. IS 3 Mar. 10 31% Jan. 31 60c 25c 6 12% Jan. Apr. 27 Apr. 14 17t Jan. 16 13 Jan. 10 2% Jan. 4 Jan. 18 15 Jan. 4 Jan. 2 Jan. 25 Jan. Jan. 11 23% Jan. 2% Jan. Apr. 8 Jan. 3 14% Jan. 8 15% Jan. 5% Jan. 4 1% Jan. 34 Sale 124% Jan. Sale % Jan. 55c** 50c 61 • 13% Sale 21% Sale 1% 1% 8% 9% 1% 10% 10% 10% Sale 80c 10c 30% Sale Sale 81% Sale Sale 44 70c Sale "22 2% 70 Sale 4 47c 2 80 6% 1% 25% 55c 2% 90 7 1% 24 "26" 28 84% 43% 1% 67% 6 % 3% 19c Jan. Jan. Jan. Jan. Jan. 50c 2 84% 6% 1% 26 3 Dec. 29 Dec. 19 Jan. July 28 Dec. 27 June 15 Jan. Feb. 31 17 Sept. 6 July 21 Sept. 27 it5* 9 25% Oct. 26 July 22 lie May 5 3 22% Jan. 5% June 12 Sale 54c 7 .1% 6 5c Mar. 20 9 2 Jan. % Jan. Dec. 64c Jan. July 61 Jan. Jan. 30 26 30c Jan. Dec. 18 3 11c Jan. Dec. 22 8Gc 30 22c Jan. 40c 23 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Feb. 27 Mar. 31 Sept. 1 June 28 Dec. 18 Jan. 5 20 24 Jan. 22 57c 15 24 2 4 31 Jan. Jan. Jan. Apr. July May 4 July Apr. Apr. Apr. Aug. 27 25 Feb. 14 14 8 14 Nov. 62 1% Jan. Jan. Apr. 21% Sept. 27% Sept. 4% Sept. Dec. 19 iiH Jan. 4 Jan. 6 Dec. 28 12c 4 26% Jan. Feb. 16 84% Jan. Apr. 14 12 44 Jan. 47c Jan. 24 50c Jan. 13 Dec. 30 87 Jan. 18 90 Jan. 29% Oct. 87% July 48% July 85c May 2% Dec. 85 Sept. 6% Jan. 1% Jan. 26% Jan 5 Oct. Jan. 13 16 7% Jan. 1% Jan. 26% Jan 17 Jan. 12 Apr. 11 Dec. 12 Mar. 18 8 11 17% Jan. 86c 25% Jan. 79% Jan. 42% Jan. 16 3 45% Jan. 12 32 Sept.12 15 8 5c 3 17 14 22 27 6 Sept. 11 Jan. Jan. 29 13 17 2% 90 4 26 15% 24% 1% 9% 1% 11% 12% 57c Jan. 40% Nov. 15 10 128% Nov. 28 Nov. 2 3 7 Oct. 17 24 75 28 2 Sept.27 J an. 1 3 10 38% Jan. 15 3 128% Jan. Jan. Jan. Jan. Jan. Jan. 10% Jan. 10% Jan. 13% 21% 1% 8% 1 % 5c 7c 24% 27 Apr. Aug. 4% Jan. Sale 24 Aug. 22 Jan. 6% Jan. 2% Sale 43 8 4% May 25 7% Mar. 6 Mar. 15 15% 85% 42% 23 4 Mar. 10 44 Sale 7 Mar. 26 Jan. 70 56c Mar. 77 Feb. 3 Dec. 21 30c 11c Sale 11 9 27c 25c Sale 6 Oct. Aug. 24 slH 30c 2% 9% July 7 19 25c 1% 9% 1% June 15 8 Mar. 14 12c 28c 5% Sept.12 48% Dec. 12 25 Sept.13 25 52c 23c 35c 17 Jan. 11c 28c Dec. 26 Apr. Jan. 27c Sale 6 16 8% Sept. Jan. 25c Sale 6 8 75 36% Jan. Sale" 14% Oct. Dec. 31 May 12 Apr. 10 9 10c 22c Oct. 50c 16 9 26c 23% 2 10% Sept. 24 Aug. Jan. Jan. 63 Sale 59 Nov. 14 24 Dec. 26 Aug. 24 May 24 23 80 80 Sale Sale 15 Apr. Apr. 8 55 5% Sept. 27 3% Sept. 14 July 25 16 Jan. 10c "i% 3% Sept.27 Jan. 2% Jan. 36 22 10c June 27 May 8 May 11 May 8 Mar. 22 Sale Sale 4 Sept.27 3% Mar. 10 3% Sept.27 Nov. 16 Apr. 10 12 2% May 27 1% Jan. 14 4c 3% Sept. 27 6% Jan. 18 8 15 6 26 18 5 11 5 12% Jan. 1% Jan. 2% Oct. June 26 July Jan. 5 17% 1% 17 Mar. 2 Jan. 24 20c 15c 3 Nov. 22 4 3 12% 1% 23% Mar. 15% Oct. 20 10c 25 Sept.27 Aug. 8 Sept. 27 4% Sept. 30 Jan. 6 31c 2~ Nov. 13 3 17 1% Jan. 4% Jan. 1 4% 6% Sale 3% 4% 41 36% 16 7 26 Nov. 20 Jan. 4 65c " Jan. Oct. 4 18% Jan. 30 20c 10c 15 5 75c 27c 6 3% Jan. 29% 1% Sale 2% 4 18 6% 12% 1% 14% 6% 21% 2% 2 3% Sale 5 22 1.00 2 15 1 50c 1.00 23 6 35c 20% 18 4% 3% 25% 44% Sale Sale 6% 15% 5% 23 21 20 13 4 2 Sale 8 Sale Mar. 10 171% 1% 32% Aug. 24 93% Apr. 17 12 Sept.12 May 17 91 Jan. 9 159% Apr. 11 56% 20% Apr. 6 11% 84% 149% 46% 19% 2% 2% 8 . 70* 4% 1% Jan. 1% Jan. 2 Jan. 2% Jan. 2% Jan. 2% Jan. 12% Jan. 16% Jan. 1 Jan. 6% Jan. 17 % Jan. 32% Jan. 98 Jan May 25 Jan. 6% 3 Jan. Jan. 29 Sale Feb. 60c Jan. 2 Jan. 1 17 3 June 14 15 2 19 July July 60c 15 JA 1 Feb.. 17 103 9 102 Jan. 20 2% 1% 1% 96 20 3 1% Aug. 11 June 19 June 17 94 Jan. 10% Jan. 92 2 2% 2% 32 Jan. .Tan. 11 Sale ' 1% ..... 5% 50c 91 Aug. 11 Apr. 12 Apr. 8 100% May 11 101 lk 17 15 10 669 Warren (S D) & Co common..* Highest Sale Prices 1% 1% 1% 14 13% 167% Sale 171% Sale Me 28% 31% 31% Sale 1% 15 Sale . 1 * 100 lOo 50c 35c 22% 1% 8% * rrEx dividend Sale Sale 24 * 3,121 Suburban Elec Secur com 2d preferred 143 __* * 33,434 Torrington Co (The). 2,180 Union Cop Land & Min Co. .25 5 4,954 Union Twist Drill 25 56,703 United Shoe Mach Corp 6% cum preferred. .25 6,770 1 84,593 Utah Metal & Tunnel 1 1,639 Venezuela Holding Corp 422 Vermont & Mass Ry Co 100 ._* 16,187 Waldorf System Inc No par value. Lowest Sale Prices 103% Sale 3 Bros 102 12 1% 2% 25 7,619 Warren Sale Sale 2 Quincy Mining Co Co 1 17 Sale __* Reece Button Hole Mach Highest Sale Prices 100 2 2% 2% Sale 2% 2% 1% 2% 1% 2% 2% 3% 3 1% 14 14% 50 Reece Folding Mach 53 Sale 50c Pennsylvania RR 30,043 Shawmut Assn... 52,839 Stone & Webster Inc Sale Sale 130 14 100 Mills Sale Sale 25% 18 100 II,799 N Y N H & Hartford. -.2.50 207,220 North Butte Mining 85 Northern RR (N H) 100 100 10,198 Old Colony Certificates of deposit 3,444 i.25 10,739 Old Dominion Co 9,302 61,375 14,579 4.178 3,633 IX 12 22 National Tunnel & Mines._._* pref New England Tel & Tel 60c 1% * _* * 15 12,178 Isle Royale Copper 927 Loew's Theatres (Boston) 25 100 7,138 Maine Central Preferred 5% 100 2,995 1 16,623 Mass Util Associates v t c 820 Mayflower Old Col Cop Co. .25 _* 9,143 Mergenthaler Linotype 51,691 Narragansett Rac'g Assn Inc.l N E Gas & El Assn Ask 94% Sale 98% 99 96 10 25c common 94 96 32c 30c National Ser Co 92 102% * p. Ask Bid Bid 93 82% 88% 88% tr ctfs 1 255 Int'l Button Hole Mach Co._10 1,260 2,698 2,458 23,721 1939 Lowest 32 Sale 84 * * 1,343 Class B 1,971 5,583 Helvetia Oil Co 37 New River Co 11,083 100 B 30,018 Eastern SS Lines, Inc Preferred 463 815 382 10G 100 100 100 100 100 100 12,667 100 2,786 Boston & Providence 3,615 Brown & Durrel Co common.* 5 15,798 Calumet & Hecla 1 455 Century Shares Trust. 25 150 Cliff Mining Co 12 Conn & Pass Riv RR Co pref 100 * 35,229 Copper Range Co 10 2,187 East Boston Co. 9,490 Eastern Gas & Fuel Assn com.* 4% % cum prior pref 100 23,706 6% cum preferred 100 13,426 100 7,475 East Mass St Ry Co First preferred 100 4,612 6,402 14,152 YEAR Sale Prices Jan. 31 Jan. 2 par 100 37,329 Boston Edison Go 100 17,465 Boston Elevated 14,358 Boston Herald Traveler Corp.* 776 Boston & Maine pref stpd__100 Common (stamped) 100 1,713 2,661 620 ' 6,733 American Pneumatic Service. _* 6% non-cum preferred 50 7,856 First preferred 50 1,441 127,723 American Telep &Teleg__.100 1 5,905 Assoc Gas & El Go class A 1,242 Bigelow-Sanford Carpet com.* 849 6% cum pref 100 * 3,267 Bird & Son, Inc 100 26,052 Boston & Albany 20 ♦ 1939 $ 1,000 Boston & Maine RR 4%s_1944 358,000 East Mass St RR ser A 4%s *48 Series B 5s— 1948 142,850 23,000 Series D 6s_ 1948 31,650 Series E 6s 1..1948 9,000 9 RANGE FOR Price BONDS 1939 Shares Shares 220,300 Jan. 3 Par % 39", 666 1938 567,500 IN JANUARY PRICES BOSTON STOCK EXCHANGE January 1939 $51,550 3939 Jan. 1 to Dec. 31 5,378,492 AGGREGATE SALES 1940 $43,550 January 1938 5,356,219 Jan, 1 to Dec. 31., EXCHANGE Bond Sales 1940 Stock SaUi— Mar. 17 . 8 Oct. 4 25 28 3 18 28 21 16 3% Jan. 29% Nov. 25 1 Cleveland Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE CLEVELAND STOCK EXCHANGE 1940 Stock Sales , January — _ _ - _ 503,450 — 1939 1940 January. 3 938 1939 Jan. 1 to Dec. 31 Bond Sales 1939 41,792 37,964 Shares_ 1938" 1939 Jan. 1 to Dec. 31 408,371 AGGREGATE CLEVELAND STOCK EXCHANGE SALES PRICES IN JANUARY January STOCKS 1939 Shares 1939 Shares x 195 ,. 150 25 122 1,411 Par Bid Air-Way El Appli 1st 7% pr 100 * 5 Apex Electric & Mfg —* Rrior preferred-; 270 100 10.811 Brewing Corp of America 3 8 6 1,531 2,319 2.375 2,179 Akron Brass Mrgcommon Amer Coach & Body.. il* 29 30 225 465 8 1,151 "6",936 350 300 562 957 96 282 x 465 436 646 x x 12 170 95 130 21 473 856 151 154 490 120 65 45 365 x 12 u /o 94 9 ... 5*4 w* ■ 8 13 95 87 50 Sale 85 59 "m 634 6 1254 ...... 786 Hanna (M A) $5 pref.... .* 1,840 Harbauer Company....... * ....* 5.987 Interlake SS........ Jaeger Machine.............* Kelly Island L & T ♦ Lamson-Sessions. * Leland Electric.............* ........... 280 McKay Machine ——...* 2,588 McKee (Arthur G) class B—.* 6,140 Medusa Portland Cement....* * 2,774 Metropolitan Paving Brick Preferred ..........100 63 209 1,284 Midland Steel Prod 448 Jk* "13 97 97 18 94 1634 1 54 58 113 634 m 634 1034 8434 x 195 40 370 1,232 723 """270 302 35 """772 429 210 100 2,590 110 25 717 325 325 425 1,117 15 3 6334 115 1834 Sale 22 x 271 115 249 220 67 x YEAR 1939 Weinberger Drug Stores. W R I Corp 6% prior White Motor pref * _ 100 1 Youngstown Sheet & Tube... * 534 % cum pref ser A Lowest f 9 13 634 Vi 5 112 1834 115 3134 11 634 Jan. x 85 *6 26 23 88 Jan. <634 Jan. *112 20 10 Jan. 15 J1434 Jan. 15 <98 Jan. Jan. 11 Jan. Jan. Jan. *1634 Jan. 13 134 Jan. 19 6034 Jan. 5 <115 26 4 11 13 5 Jan. 5 27 1734 Jan. 13 1934 Jan. 1534 Jan. 1134 Jan. 31 30 Jan. Jan. Jan. Jan. Jan. 3 11 6 17 27 7 Jan. 116 11434 Jan. 3234 *2734 Jan. 50 1534 334 <2134 Sale 17 Jan. Jan. *2034 Jan. 1834 1234 734 24 11534 15 <3234 19 3 50 Jan. 3 6 1734 Jan. 6 19 *2334 Jan. 3 105 20 2434 *2234 39 17 Jan. 1734 *17 *2234 Jan. Sale 15 <2034 Jan. 20 *2434 Jan. 20 25 Mar. 10 z554 Sept. Apr. z9 Apr. 6 10 90 *275H zlOt Jan. 4 z754 Feb. July May June Mar. Nov. Sept. 3 45 8 z1434 z79 Jan. 5 z9734 15 June 26 2034 234 154 June 28 43 May 18 7154 *10634 Sept.18 *115 153s Sept. 15 2334 12 Apr. 14 2234 13 Aug. 24 27 10 July 28 12 734 Dec. 29 13 114 Aug. 25 11834 z1534 Apr. 11 z303s 49 70 July 14 19 Apr. 4 234 Feb. zl554 Apr. 95 zl3 j Dec. Fel>. 27 6 23 10 14 18 13 9 Jan. 31 Jan. 4 Sept. 13 Jan. Jan. Jan. Oct. Jan. Oct. 14 11 19 25 14 19 Sept. 28 Mar. 10 Dec. 29 Apr. z2454 Jan. ;3854 Jan. Apr. zl09?4 .Tun Jan. Apr. July 40 31 Apr. 29 25 Apr. 22 11 Aug. 21 37 20 May 29 30 z96 May 19 29 Sept.12 254 Dec. 28 z211 z87 15 20 21 50 Jan. 31 2754 33 Jan. 25 13 20 Jan. 13 50 15 Jan. ii* 51 35^ Jan. 20 41 Jan. Jan. 30 103 4 4 Jan. Jan. 1634-1734- Jan. 9 Jan. 12 Jan, Jan. Jan. Jan. Jan. 30 434 Oct. 77 16 Jan. 1334 July 21 954 Dec. 12 z954 Aug. 25 z1654 Oct. x Jan. Jan. 13 54 1234 9734 *96 17 *1634 , 134 J-7 56 55 20 23"" "26" 4 June 15 6 10 41 43 3634 Sale Prices 634 Apr. 634 Jan. 90 Highest Sale Prices "Jan;~"4 ""8M~Jan;27 —tj-^g-Ap: 8 Jan. 5 3 Jan. Jan. Jan. 4034 Jan. 1634 Jan. Jan. 9 1234 Jan. 11 8 9 33 33 15 12 12 11 6 3 15 Jan. 4 Oct. Jan. 2 2234 Mar. 2 17 Apr. Apr. 9 Oct. 8 9 31 8 1234 Oct. 134 Aug. 18 60 12 <3634 Jan. 5 Jan. 30 15 934 Jan. 5034 Jan. *1334 Jan. .234 Jan. Jan. 1734 Jan. 634 Sept. 14 Jan. 7 1734 Oct. 24 3954 July 29 18 Sept. 18 234 Jan. 13 60 1234 33 15 254 July 9 Apr. 1434 Oct. <3334 Jan. 434 Jan. 11 26 1534 17 Sale 19 11** 1034 Jan. 5054 Jan. 9 8 27 28 65 134 Jan. 24 154 Jan. 1 1 Jan. 26 1 4 26 *20 Jan. 3634 Jan. 4 30 Sale 134 Sale 34 1 2934 24 2534 1134 1334 1434 12 Sale \i* 3634 9 16 *10 10 13 13 Sale 1034 1434 1434 3734 Sale 734 734 *934 Jan. 31 10 14 Jan. 2 .10 Jan. 4 14 Jan. Jan. 14 Jan. 19 14 »Jan. 3634 Jan. *734 Jan. 27 3 36 Jan. *28 4 1334 434 Sale Jan. 6 15 Jan. 26 4434 Jan. 23 534 Jan. 334 Jan. 20 18 <1254 Jan. 3754 Jan. *734 Jan. 36 1434 69 14 5234 55 Jan. 3034 Jan. 434 Jan. 1454 Jan. 534 Jan. 334 Jan. x I33I zI 30 29 Sale 60 11 Jan. 3034 8 *2034 Jan. 1034 Jaiil 19 1034 Jan. Jan. 22 65 13 Jan. Jan. Feb. Jan. Jan. *39 . Jan. 23 30 *4534 Jan. 6 11 6 34 3 zl7 Jan. Apr. 234 May 1034 Feb. 22 3 20 3 25 2 July Aug. 454 Mar. 34 July 9 Sept. 5 22 4 8 60 100 z7 z30 Apr. Apr. Apr. May Feb. 21 Dec. 19 Sept. 5 Oct. 28 Oct. 26 Jan. 9 Sept. 27 Jan. 5 Feb. 7 Jan. 3 254 Mar. 14 13s Oct. 14 3034 Mar. 31 26 Jan. 6 48 75 z1534 Sept. 2 13 Apr. 25 16 3 z734 Apr. 10 zl6 7 2 Apr. 4 10 12 4i Apr. 5 1434 19 z954 June 27 zl6 30 Feb. 17 3834 26 27 z434 Jan. 27 zlO 91 50 Jan. 3 z74 1134 Jan 1234 4734 21 Nov. 24 Jan. 17 Dec. 20 11 x 65 Feb. Apr. 8 z40 Mar. 21 534 Apr. 8 z29 Dec. 11 zl254 43 Sept. 2 51 z734 Aug. 24 z1854 454 Jan. 4 55s 22 Jan. 14 z1854 334 zl454 z654 31 Jan. 15 *16 22 334 Jan. Jan. 9 40 3 75 12 234 * Van Dorn Iron Wks Co com..* Vlchek Tool --■»-* Warren Ref & Chera com....2 Sale Prices 9 1534 Sale 12 1134 733 634 .... 20,329 1.850 3,233 5,060 1,705 4,165 7.110 Highest Sale Prices 834 — 2i3lf'Miller Wholesale Drug * 1,614 Monarch Machine Tool Go...* 1,3941Murray Ohio Mfg * 240 Myers (F E) & Bros Co com..* 3,114 National Acme Co com 1 1,774 National Refining .......25 3,061 $6 prior preferred.... * 164 8% preferred ....100 10,562 National Tile * 5,669 Nestle LeMur "A" .* 379 Nineteen Hundred Corp A * 1,336 Ohio Brass class B * 140 Ohio Confections class A * 7,961 Otis Steel Co common .* 3,726 Packer Corp ...* 5,225 Patterson-Sargent * 2,438 Reliance Elec & Eng com 5 50,358 Richman Bros...... .....* 4,888 Seiberling Rubber Co com * 6,673 Seiberling Rubber pref.......* Stouffer Corp— Class A $2.25 cum pref.....* 510 6,340 Thompson Products Inc com.* ......1 2,410 Troxef Mfg 1 210 Union Metals Mfg Co * 1 10,235 Upson-Walton Lowest Ask 159 prUlClTCU StT -ML..----AUU 8,893 Goodrich (B.F.) Co.common * 9,245 Goodyear Tire & Rub com...* $5 conv cum preferred 62 * 235 Great Lakes Towing...... 100 Preferred 100 734 1,051 Greif Bros Cooperage A com _* 5 721 Halle Brothers Preferred ...........50 2,297 3,909 8,980 17,053 2,061 8 8 9 10 13 Ask Bid Bid Sale * "16" 12,537 City Ice & Fuel 73 343 634% preferred 100 16 20 Clark Controller-.1 3,465 2 3 9,726 Cleveland Builders Realty...* 61 57 16,833 Cleveland Cliffs Iron $5 pf...* 421 Clev El 111 $4.50 cum pref....* 107 34 "21" J9 15,997 Cleveland Rys .......100 2134 Sale 24,726 Cliffs Corp v t c—....... * 103,177 Cliffs Corp -5 10 14 3,705 Colonial Finance Co common .1 12 17 1,022 Commercial Bookbinding.... * 3,476 Dow Chemical 5% pref 100 11634 24 2534 4 4,708 Eaton Mfg. Co.common 63 70 817 Elec Controller & Mfg....—* * 1534 16 1,679 Faultless Rubber Co com.. 3 534 986 Fostoria Pressed Steel 23 26 5,421 General Tire & Rubber com..5 240 x Jan. 31 Jan. 2 Ask 80 144 Ganfield Oil common......100 1,679 RANGE FOR Price Jan. 3 12 Months In June 20 Sept. July Jan. Sept. Aug. 16 17 23 27 9 Oct. 20 Apr. 22 3534 Nov. 13 z3334 Nov. 4 45s Oct. 20 1454 Dec. 15 9 Sept. 12 5 7 Nov. 4 Sept. 18 134 Oct. 25 1434 Jan. 17 70 Sept. 16 z1554 Oct. 26 z5654 Sept. 12 z92 Sept. 30 UNLISTED 164 162 56 390 5 362 295 420 230 100 175 670 684 1,672 50 80 1,114 x I Reflects 50 Addressog-Multigraph com. 10 1,663 American Home Products.—-1 Bond Stores common 1 5 Cleve Graphite Bronze com_-l 21 Firestone Tire & Rub corn...10 .* 248 General Electric com .._.* 270 Glidden Co common 120 Industrial Rayon com 40 Interlake Iron common * * Martin (Glenn L) common.-.1 Nat Malleable Steel Cast com. * 350 N Y Central RR com * 196 Ohio Oil common. * 334 Republic Steel common 10 Timken Roller Bearing com.. * Twin Coach common 1 448 U S Steel common..... 180 Youngstown Steel Door com. prices in primary markets * . * 21 1834 6054 2354 3634 2134 4054 41 1834 5954 2234 36 I§8 12 41 26 1834 2834 1234 4134 26 34 1834 734 1834 734 2334 Sale 51 5034 11 1054 67 6654 28 2834 on which odd lot sales were based, z 1854 5754 2254 3734 1934 373s 1754 2634 934 1954 *1834 Jan. 5834 <5834 Jan. 2334 *2334 Jan. Jan. 3754 <36 20 38 18 *1934 Jan. 2 <3934 Jan. 16 13 15 30 12 <4134 <1954 *2834 *1254 *4054 15 *2534 Jan. Jan. Jan. Jan. Jan. Jan. 23 4 2 23 10 x *38 Jan. *1734 Jan. Jan. 2734 *26 10 <934 Jan. 3654 3734 2154 2234 1554 1634 7 654 *1954 Sale 4854 4734 10 1034 <5654 Sale 2354 2334 12 29 <6034 Jan. 23 *2334 Jan. <36 Jan. *2234 Jan. <16 Jan. *654 Jan. <1854 Jan. *49 Jan. <954 Jan. *56 Jan. *19 4 3 4 3 z60 z2034 Apr. z1754 Apr. z31 Apr. zl4 Sept. zl654 Apr. z734 Aug. Oct. z2534 Sept. z445b Jan . z1434 Jan, z2934 Jan. zl634 Sept. 5 Dec. 30 z39 25 12 5 5 16 12 4 9 Jan. 3 *754 Jan. 3 23 *2334 Jan. 9 <4934 Jan. 15 <11 Jan. 18 *6834 Jan. 3 19 2734 Jan. z1534 Sept. z4154 Apr. Sept. 27 Sept. 5 Sept. 12 Jan. 3 zll34 Sept. z6 Aug. zl234 Apr. 9 z3434 Apr. z2334 zl034 z4834 z5434 3 3 z8254 Sept.112 z4154 Aug. zl7 Apr. Reflectslrange^of prices in primary markets, x z34 Sept|27 No print,sales only. RANGE OF PRICES ON DETROIT STOCK EXCHANGE Shares. January 1939 | 301,729 I Jan. 1 to Dec. 31 AGGREGATE 12 January Shares 460 '"620 2,429 '"717 2,361 600 2,536 1,480 100 STOCKS 1939 2,104 8,569 110 100 100 3,196 494 780 2,100 990 217 Allen Elec & Bower Rolier 2,400 92,801 7,785 37,101 50,294 2,734 1,965 1.380 60,008 8,296 32,510 44,568 37,664 8.381 3,004 1,269 1,455 Detroit & Cleve Nav 14,056 46,714 20,191 30,814 33,377 21,353 . 850 1,448 2,000 125 2,115 2,816 87 3,737 6,699 330 1,267 1,100 "lex Sale Sale IX Sale 1 .5 15 % in 15 IX 1% IX 15% 1 1% 2% 3% 24% 15% 1% 5% 25% .2.50 class A * Class B * * * Preferred 2 1 * Motor Wheel common.... com 10 2.50 * com * Parker Rust-Proof com 2.50 Parker Wolverine Co com * Peninsular Metal Products... 1 Pfeiffer * 1 16.050 Scotten Dillon common 20,828 Sheller Mfg Co common 10 2% 22% Jan. Jan. 2 12% Jan. Jan. 31 3 1% Jan. 9% Jan. 8 % Nov. 7% Jan. 4 27% Sept. 15 34 Nov. 4 31% 1 % 18% 2% Jan. Mar. Jan. Jan. 5 8 4 7 Dec. 21 8 15 Aug. 2 Jan. _ common 15 4% 81X 15% 90c Sale 2 "18% 19 15X "80c" 76c Sale 124 1%. IX 1 15 IX 15% 1 .50 15% Jan. 24 Jan. 30 3% Jan. 23 90c 15% Jan. 1% Jan. 4% Jan. ¥ 1 16 5 31 Jan. 8 18% Jan. 16% Jan. 29 80c 2 85c 30 125 Jan. Jan. 15 18 Jan. Jan. Jan. Jan. 3 2 Jan. 122% Jan. 1% Jan. 1% Jan. 2 22 Jan. 3 15% Jan. 30 1 Jan. 8 18% Jan. 16% Jan. 29 2 4 Oct. 5 1% 1% 1% 15% 1% 31% 4% 22 12 X 73c 2% 1% 75c 2 11 3 i 30 15 9 30 17 Jan. 26 Sept. 11 12 Jan. 13 Jan. 4 Jan. Jan. Jan. Jan. Jan. 15 Jan. 3 2 2% Jan. 32% Jan. 25 Jan. 22 2% Jan. 51% Jan. 2% Jan. 15 Sale 90c Jan. 22 Sale 60c Jan. 6 5% Jan. 22 12% 4%. 2% 31 4 3 52% 2% 14 16" "17" 18% 13% 15% 8 Sale 13% 5% 13% Sale 11 62c Sale 45c Sale 47c 2X 50c ""2X 1% 22% 76c IX 2X 52c 50c 21% 3% 24% 4 Sale . IX 80c 90c 90c 18c Sale 25c 2X Sale 2% —.. 50c S 1% 35c ..... 8% 2 53c 25 4% 1% 25 "25c" 36c Jan. 16 5 Jan. 33 Jan. 30 13% Jan. 2% Jan. 24 55% Jan. 2% Jan. 1% Jan. Sale 50c 22% 3 5 2 5 5 75c Jan. 27 6 Jan. 5 Sale 83c 4% 7% IX 25c 11X 15% Sale 40c Sale 2% 1% 40c e% Sale Sale 33c 12 16% 12% 5% 49c 1% 45c Sale 4X IX 1% 25% 21 3 15 Jan. 12% 5% Jan 15 22 13% Jan. 6 Jan. 52c Jan. 1% Jan. 10 Jan. 10 50c 24% Jan. 15 4 Jan. 13 1% Jan. 11 25% Jan. 4% Jan. 1% Jan. 45c 1% Jan. 90c Jan. 2 19c Jan. 16 2% 1% Jan. 11 Jan. 2 2% Jan. 9 2% Jan. 18 8 3% Sale 5 8% Sale IX Sale 38c 10% 15% 5% 76c 4 83c Jan. 4 Jan. Jan. Jan. 9 7% Jan. 1% Jan. Jan. 1% Jan. 40c 26c Jan. 43c 11% 11 Jan. 11% Jan. 16% Jan. 6% Jan. Sale 16% Jan.* 17 5% Jan. 15 Jan 19 6 IX 1X 3% 78 24 % 2% 7X 2 1 2% 16% Sale Sale 20% 18% 3% 3% % 2% 24% 4% IX 1% 12 96 97 3 ex 1% 1% .. *7". Sale 4% 4 5% Sale Sale 20X Sale 10% 8 2X 4 3X 44% 19% 23 1% 6% 2 2% 3X Sale 25 5 1X 13% 100 24 Sale 5 4 Sale 4% 8 ::::: ~~i% 2% 2 24% 4% 3 2% 24% 4% ----- 2X 2% 4 3% Sale 43% Sale 21% Sale 9% 9% 1% 1% 1% 13% "Sale" 15 100% 21% 22 2% 2% 2% 3% 99 3% 4% 4% Sale 3% 43% 20% 8% 1% 6% 1% 1% 2% 2% 24% Jan. 15 Jan. 26 Jan. 16 Jan. 8 Jan. Jan. 23 15 Jan. 8 2 Jan. 5 1% Jan. Jan. 25 3% 44% 21% 9% 1% 8% 3 3 8 31 Jan. Jan. Jan. 15 Jan. 30 25 Jan. Jan. 26 Jan. 29 Jan. Jan. Jan. Jan Jan. Jan. 2% Jan. 1% Jan. 13% Jan 24 99 Jan. 26 4% 1% 1% 13% 99% 21 Jan. 12 24 151 Jan Jan. Jan. Jan. Jan. Jan. 9 Jan. 2 Jan. 13 3 3% Jan. 17 4 Jan. 10 4% Jan. 4% Jan. 1K 2% Jan. J an. 8 2% Jan. 10 Jan. 30 19 2% Jan. 11% Jan. 30 24 5 13 Dec. 28 6 Oct. 4 Aug. Nov. 4 June 1 Jan. 55c June 27 Sept 1 Apr. 8 1% Jan. 11 5 June 30 30c June 19 2% Jan. 7 2 Jan. 11 76c Sept. 1 15c July 1 10 Apr. 10 10% Apr. 10 4 Aug. 25 10 Jan. 23 3 Apr. 8 36 Apr. 11 12% Apr. 10 5% Apr. 1 1 Aug. 21 6 Apr. 10 1% Apr. 28 1 Apr. 1 2% Apr. 10 1% July 7 22% June 21 3% July 1 1% Dec. 28 1% Aug. 29 13% Dec. 20 96% Apr. 10 10% Apr. 10 1% Sept. 13 2 Apr. 10 2% May 22 2% Aug. 29 8% Nov. 14 2% Dec. 30 12c 10 Nov. May 17 Dec. 8 Jan. 5 Sept. 29 Jan. 4 Jan. 4 Jan. 7 Sept. 11 8 Dec. 27 ! 20c 25c 25 Jan. Oct. 20% Jan. : 2% Apr. 4 Oct. 6 27 5 8 5 23 11 10 1 30 21% Apr. 22c 76c Apr. 5% Dec. 6% Dec. 10 Apr. 13 July 31 Feb. 9 Apr. 4% Apr. 40c Sept. 1% Aug. 42c Jan. ..... Sale 40c 2% 3 20 2 20c 92c Jan. 14% Jan. 18 Jan. 45c 23c 8 95c Sale 6 5% Jan. 13% Jan. 18 26 6 July 28 10 July 28 3% Sept. 30 56% Oct. 26 4 2% Jan. 1% Nov. 6 Dec. 29 75c 2 10 4% Sale 38% 42% 31* «I* 3 2 Oct. 19% Nov. 9 12% Dec. 29 6% Nov. 4 July 19 8 29 34 X 13% 3 Nov. 28 4% Jan. 23% Jan. 33 "15X Jan. 15 5 22% 30 12% 15% 11 V 4 17 8 2 5% 1 Jan. 3 Jan. ■ ex 2 Nov. 31% Jan. 6 e% 18 14% 5% * 2% Sept. 11 20 13 Sale 6 30% Jan. 4% Jan. 20% Jan. 13 2 4 Mar. 125 3 IX 32 \ 10 52 Nov. Jan. 28% Mar. 9 5 8% Oct. 1% Feb. 27 14 4% 2% 27 X 4X Aug. 5 Sept. 14 18% Oct. 23 8 16% June 2 Sale . 3 1 5 Sept. 23 40c-Jau.—4 5 6 1 1,110 Simplicity Pattern common._1 " 54,131 Standard Tube Co class B 2,396 Stearns (Frederick) common. 5% cum part pref 100 775 -.10 60,206 Tim ken Axle common 66,210 Tivoli Brewing Co common. .1 * 20,245 Union Investment Co com * 11,531 United Shirt Distributors 1 6.064 United Specialties common .5 578 U S Graphite Co new com. 61. Jan. 11% Jan. 98c 33 2% 5 F or fooi notes see page 12 Sale 32 "70c" 1 50c Moore (Tom) Distillery Co Motor Products Corp com 5 37,487 Reo Motor common 22.211 Rickel (H W) & Co common..2 * 19,189 River Raisin Paper com 215 11X 98c Sale 5% 29% 5% aVA Sale 54 10 Micromatic Hone Corp Mid-West Abrasive com 995 U S Radiator Preferred 35 1 4% 2% 28% 4% 32% a 4% 32% 10% * Sale Sale 2 27 * Brewing Co com 18,243 Prudential Investing Corp ""155 18 8 "l% 5 3 * * common. 80,019 Murray Corp common 237 Muskegon Piston Ring 12,935 21,161 40,932 11,312 Jan. 88c 1 ___4 New common 140,367 Packard Motor Co 49,768 Parke Davis & Co Jan. 35 19 * 112,403 Michigan Sugar common 930 445 19 Sale 1 42,832 Masco Screw Products * 2,485 McAleer Mfg Co common McClanahan Oil Co common .1 281,457 9,660 Michigan Silica Co common. .1 2.50 8,708 Mich Steel Tube Prod 1,272 3,666 822 Sale 3 80c 1 Kingston Products Corp 1 Kins el Drug Co common .1 Kresge (S S) Co common 10 Lakey Fdy & Mach common __1 LaSalle Wines & Champagne_2 8,982 Mahon (R C) class A pref * 9,272 3,830 2,049 3,032 2 123% 44,232 19,460 44,183 20,587 30,006 100 3,818 2,945 2,302 1,025 4,835 3% Sale 32,217 Hudson Motor Car 69,550 Hurd Lock & Mfg Co com 2,507 "6",751 \V* Sale New common 5 497 * 275 Home Dairy class A Hoover Steel Ball common. .10 18,294 880 7 18 26 90c 87c 3 1 33.915 Graham-Paige Motor com 21,710 Grand Valley Brew common.. 1 1,450 3,534 1 % Feb. 9 2% Aug. 23 Dec.--2fl; 6 Apr. 8 18% Aug. 21 21 Apr. 12 17 Apr. 8 75c Aug. 22 11% Dec. 20 1% Aug. 24 5% Mar. 27 15 Aug. 2 6 -17c 20 20 95c 1 16,427 General Finance Corp com 147,183 General Motors common JO 50,579 Goebel Brewing Co common. .1 102,181 1% Jan. OX Jan. 19% 90c Sale Detroit Paper Products Houdaille-Hershey 6X 32% Jan. 10% Jan. 80% Sale 9,267 Hoskins Mfg Co 6 23% 90 % 16 X 10 . 982 6% 14 89% 100 com common 410 Gemmer Mfg Co class A Class B 220 1,070 3,620 900 a 1 28,159 Fruehauf Trailer Co com.. 38,325 Gar Wood Industries com....3 330 "1,552 14 X Detroit Gray Iron Fdy 1 Detroit Mich Stove common..1 135 1% Jan. 9% 4% 1,262 1% 4 0% Jan. 1% IX 9% 12 X ""259 "5",752 Sale Crowley, Milner & Co com * Cunningham Drug Stores.2.50 Deisel Wemmer Gilbert com.lO 48,584 Hall Lamp common "3",560 11% Sale" 3 5 , 746 ""f,690 23 9 Continental Motors common.1 Detroit Edison Highest Sale Prices 80c 21% * 24,044 Federal Motor Truck com 56.093 Frankenmuth Brewing com__l 478 573 IX 18X 1 Consumers Steel Products 4,885 Eureka Vacuum Cleaner 260 9,819 2,042 5,164 6,075 Sale 2% 5 10 Chrysler Corp common Consolidated Paper com 28,012 Ex-Cell-O Corp 21,134 Federal Mogul common 3",898 1% 2 23 31% 1X Lowest Sale Prices f—Jam—12 T8o—20cr ~!8e 5 8,785 Durham Mfg Co common 3,854 Eaton Mfg Co common 376 ~~2Ti 6% Sale 25c 7% Highest Sale Prices Weather Detroit Steel Corp common. 465 Detroit Steel Products 3,282 Divco-Twin Truck Co l",965 605 7% 5 * 1 * Bearing ■?'' 4 A* 2 1 5 Bohn Aluminum & Brass Sale '36c- ~40c~T Lowest Ask Ask Bid Bid Sale Prices Jan. 31 Jan. 2 Ask 1H -1 5 .1 Equipment Atlas Drop Forge common Auto City Brewing common. Baldwin Rubber common Briggs Mfg Co common Brown-McLaren Mfg Co.. Burroughs Adding Mach ghs Burry Biscuit^Corp 12%c Capital City Products * * 100 Casco Products Corp "320 1,445 1939 Bid Par Shares Chamberlin Metal 487 YEAR 1939 Price Jan. 3 Months 11,593 4,248 17,892 79,642 2,642 12,268 96,068 29.210 31,967 22,101 1,595 4,057,484 RANGE FOR PRICES IN JANUARY DETROIT STOCK EXCHANGE SALES In 1938 1939 Shares_ 3,569,002 Stock Sales 1940 211,846 Stock Sales 6 July 28 Sept. 6 Mar. 9 Sept. 6 Feb. 25 Sept. 26 Sept. 6 Sept. 6 Dec. 8 Jan. 3 Nov. 20 Jan. 5 Oct. 26 Jan. 5 Mar. 3 Jan. 3 Sept. 12 Sept. 25 Sept. 27 Jan. 4 Mar. 8 Mar. 21 Nov. 4 May 13 Sept. 8 Jan. 9 Apr. 25 Dec. Jan. 4 3 Jan. 27 Feb. 2 Dec. 13 Jan. 4 Jan. 4 Mar. 9 Jan. 4 Nov. 9 Aug. 16 Nov. 6 Feb., 1940] DETROIT AGOREOATE SALES DETROIT STOCK EXCHANGE 12 Months 1939 STOCK EXCHANGE 01 PRICES IN JANUARY RANGE FOR YEAR 1939 Price Jan. 3 STOCKS Par 7,686 Universal Cooler class A Class B 36,374 Bid * 7,487 Wayne Screw Prod common--4 29,869 Wolverine Brewing Co com—1 2 3,221 Wolverine Tube Co com 100 Preferred Ask 2% 1% * 2,014 Universal Products common..* * 1,391 Walker & Co class A Class B * 16,042 150,330 Warner Aircraft Corp com—1 84 Jan. 2 1939 Shares Bid 2% 1% 4 1H Jan. 31 Ask Bid 3% 1% m 3 % 1% A™ 17c 7 80 "24" ~23% 3 4 Sale 4 A^ 9c 27c 8% 100 9,343 Young (L A) Spring & Wire--* 12c 7% 6% 78 * 104 11% Lowest Highest Sale Prices Sale Prices 12 10 1% Jan. 16% Jan. 27 3 3% IX Sale 1 1% 1% Sale Highest Sale Prices 1% Jan. 16% Jan. il* 15 24 Lowest Sale Prices Ask 5 17c 3% Jan, 1% Jan. 1% Jan. 30c 10c 6X Sale 78% 104 22 3% Jan. 1% Jan. 1 % Jan. Jan. 16c 8 11 30 6% Jan. 6% Jan. Jan. 19 2% Jan. 1% Sept. 15% Aug. 23 May 1% May 67c Aug. 90c July Jan. 19 12 9% 167% 21% 23% Jan. Jan. Jan. Jan. 15 10% Jan. 1 Jan. 25 26 6 Jan. 20 3% Jan. 10 2% Nov. 6 2% Feb. 2 Mar. 8 2 10 Sept. 8 July 27 Jan. 12 Sept. 2 Apr. 10 1713 26 4 25c 5% Sept. 14 2% FeD. 17 18% Dec. 9 Apr. 3 100 19 June 29 4 15 172% Jan. 3 22% Jan. Jan. 18 Apr. 5 80 11 26 Oct. 8c 17 11 23 26 26 25 7 Jan. 4 Dec. 21 UNLISTED DEPT.— 23,466 3,076 3,471 7,874 * 100 American Radiator Amer Tel & Tel Co Borden Company 18 % 149 % 8,742 16,050 4,976 1,020 Sale Sale 9% Sale 170% Sale 23% Sale Borg Warner Corp common.-5 17,468 Commonw & Southern Corp__* * 10,883 Consolidated Oil Co 750 Dow Chemical Co 10 171 Sale Sale 15 9 Sale 7% Sale * com General Foods Corp 150% Sale" 48% Sale 7% Jan. 145% Jan. 45% Jan. 15 * 1 Internat Industries 1 27 1 * 16.491 Kroger Grocery & Baking Co.* 36.492 Nash-Kelvinator Corp 5 13,990 National Dairy Products * * 103,404 New York Central RR 9,168 Purity Bakeries Corp _* 19 com Jacobs (F L) Co com..14,839 Kennecott Copper Corp 2 No par value, Deferred delivery sales, a r 1 Sale 87c 8% Sale Sale 6% Sale 16% Sale 18% Sale Sale 12 X 7% 15 30 29 22 12 Jan. 43% Sale 9,571 Socony-Vacuum Corp.--—15 * 18,742 Standard Brands Inc * Sale Sale 5% Sold for cash, Sale Sale 28% Sale 15 30 18 16 Sale 15 14% Jan! 11% Jan. 11% Sale 5% Jan. 8 12 30 2 Jan. 3 Jan. 4 Jan. 27 4 25 Sept. 30 8 Apr. May 20 Aug. 24 3 25% Jan. 1% Jan. 16 152% Hupp Motor Car Corp 5 32 Jan. Feb. 2 2 Jan. 2 11 Dec. 27 Dec. 13 1% 2% 38% 29% 7% 17% 18% 6 4 27 8 Apr. Apr. 10 Apr. 10 3 15 5 Jan. 3 Sept, 17 Jan. 11 1 26 2 Aug. 24 19 Dec. 26 4 47% Dec. 22 Aug. 17 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15% Jan. 12% Jan. 7% Jan. 1 6 June 27 141% Oct. Jan. 48% Jan. 5 9% Sept.12 k Jan. 3 June 21 Sept. 15 46% Sept.11 29% Oct. 28 9% Jan. 20 Aug. 4 Sept. 27 Aug. 2 Sept. 5 3 7% Jan. 23h B* Ex-dividend. x RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE Stock Sales 1940 Shares- Jan. 1 to Dec. 31-™. AGGREGATE SALES In 12 January % 152", 006 1939 244,193 231,992 1939 January 1938 3,738,435 PHILADELPHIA STOCK EXCHANGE Months 1939 37,211 40,026 1,650 8,763 6,732 29.354 1,071 10,621 15,192 6,496 27,287 48,928 Barber 11% 100 50 10 Asphalt Corp Bell Tel Co of Pa pref- 100 Mfg Co- * 100 Budd Wheel Co * * Chrysler Corp Curtis Pub Co 5 9% Sale 150% Sale 16% 18 19% 20% 120% 120% 7% Sale 50 5% 82% 55 Sale Sale 12% 171 Electric Storage Battery General Motors - Lehigh Coai & Navigation Lehigh Valley National Power & Light 40 * 10 "29% Sale" 50% Sale 124 Sale * 50 * 3% Sale Sale 11% Jan. 2 13% Jan. ... 119 34 2% 3% 8% 2 2% 118% 30% 16 50 50 50 Jan. 31 2% 5 11% Lowest 1939 Highest 13% Jan. 29 6% Jan. 28 67% Dec. 1 11% July 28 12 Sale 12 — _— Apr. Apr. 15 175% Jan. 44 38 5% 80% 42 Sale 4% Jan. Sale Sale 123% 34% 34% 2% 2% 3 3% 8 8 6 4 31 Jan. 10 Jan. Jan. Jan. Jan. 3 Jan. 30 Jan. 2 23 15 55% Jan. 4 2 125% Jan. 10 119 Sale 35% 34% 2 2% 3% 3% 8 8% Jan. Jan. 3 Jan. 29 Jan. 22 Jan. 29 Sale 2 Sale 1% Jan. 21 Jan. 21% Sale 175 166% Jan. 2% 2% 2% 118 119 118% 117% Jan. 30% 30% Sale 30% Jan. 19 16 19 15% Jan. Sale 2% 2% Jan. 2% Sale 4% 4% Jan. 5% 14 11% 13% 11% Jan. 169 18 14% Jan. 125% Jan. 5% 90% 4% 30% 82 4 Sale 52% 2 18 28% Jan. 50% Jan. Sale 29 23 Aug. Sept. Apr. Aug. May Apr. Apr. Aug. Apr. Apr. 11% Dec. 26 80% Sept. 28 15% Nov. 8 172 13 35% 2X 3% 8% Jan. Jan. Jan. Jan. 4 3 4 6 23 3 2% Jan. 24% Jan. 4 6 27 3 4 Jan. 10 31% Jan. 20 23 16 Jan. 23 30 2% Jan. 5% Jan. 13% Jan. 4 17 3 2 29 16% 47% 17 48% 7 8 48% Sale 6% 7% 46% Sale 41 46 41% 48 Sale ,% 1 1% 1% 3% Sale 2% Sale 39% Sale 14% Sale 116 10 9% Sale 11 12 7 Jan. 24 46% Jan. 27 41% Jan. , % Jan. 4 v 1 3% 2 Sale 4 Sale 39% 40 14% Sale 115% 116% 9% 11 10% 12 7% Jan, 48% Jan. 15 46 4 Jan. 31 %8 Jan. 2 Jan. 3% Jan. 2% Jan. 30 2 1 10 1 Feb. 14% Sept. Apr. 2 Sept. 113 Sept. 28% Sept. 15% Oct. 1% Mar. 2% June 136 6% Feb. 6% Dec. 12 43% Apr. 8 33% % % % 2% 6 2 Jan. 4 15% Jan. 116% Jan. 6 31% 10% 107% 7% 40 9 11% Jan. 6 9% Jan. 15 14% July 31 Dec. 28 Mar. 21 Jan. 10 Aug. 17 Jan. Oct. Nov. 4 10 6 Sept. 30 Sept. 27 Sept.13 Nov. 14 H Sept. 13 125% Mar. 9 Jan. Sept. 14 38 5 June 30 4% Sept. 11 Dec. 26 Sept. 27 10 Apr. 8 Aug. 15 30 13 174% Jan. 15 9, 10 171 23 15% 1 20% 19 124% 24 8% 4 52% 8 6% 13 92% 23 10 11 56% % Aug. ----- Ex-dividend, YEAR Sale Prices Sale Prices 117 June 1 117 June 1 16 5 5,699 Salt Dome Oil Corp-— -_1 11,281 Scott Paper * Tacony-Palmyra Bridge— Class A participating 1,141 * 15,368 Tonopah Mining 1 3,725 Transit Invest Corp-—— 25 Preferred 21,873 .25 35,952 Union Traction 50 81.402 United Corp common —_* Preferred 9,457 —* 443,811 United Gas Impt common * Preferred 8,739 * 3,840 Westmoreland, Inc ——* * 2,193 Westmoreland Coal - 12% 23% Sale * 7% preferred Philadelphia Traction--- Highest Sale Prices Sale 28% Sale 54% Sale 164 2% * 25 Phila Insulated Wire Phila Rapid Transit x 13% Sale Sale 1 150 Reo Motor Car-———. No par value. Lowest 14 5% Sale 90% Sale 50 50 - 680 Penn Traffic common Phila Elec of Pa $5 prefPhila Elec Power pref * Sale 1938 883,700 RANGE FOR Sale Prices Ask 170% Sale 168% Jan. 13 13% 14 15 14% 14% 14% Jan. Sale 122% 124% Sale 122% Jan. 5% 5% 5% 5% 5% Jan. 14 * common 293,733 Pennroad Corp vtc 153,600 Pennsylvania RR 1,371 Pennsylvania Salt Mfg 3,799 15,300 3,940 20,095 11,391 20,490 Jan. 31 Ask Bid 15 953 Horn & Hardart (Phila) com--* Horn & Hardart (N Y) com--* 1,142 29,835 13,183 23,648 Jan. 2 Bid $64,000 par Stores American Tel & Tel Bankers Sec Corp pref Budd (E G) Preferred Ask 1943 STOCKS American Bid 1939 1,628,525 6s 30,000 Peoples Pass Ry 4s Shares Jan. 1 toDec.31__. PRICES IN JANUARY BONDS ann 1940 $152,000 1939 3,564,395 Price Jan. 3 1939 $ 1,000 Bell Tel 5s 1948 1,271,000 Elec & Peoples tr ctfs 4s__1945 61.000 Leh Val Bond Sales January 8 3% Sept. 27 27% Sept. 27 Sept. 28 176 2% Jan. 30 119% Aug. 23 32% Nov. 16 19 Sept. 13 3% Aug. 21 6 Nov. 16 11% Dec. 18 1% Jan. 14 16% Jan. 52% July Apr. 24 42 Dec. 7 1 Aug.UO 1 Aug. 9 31 Jan. 30 Apr. 10 3 Jan. 26 40 Apr. 10 15 Sept. 6 118 Apr. 13 12% Apr. 13 32 5 31 Aug. 15 Apr. 10 Jan. Oct. 10 31 Nov. 16 Feb. 6 Aug. 3 Nov. 25 Nov. 27 Sept. 13 Nov. 21 I San Francisco Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Shares_ ;___' 1939 400,316 626,985 1939 January 1938 6,316,006 Jan. 1 to Dec. 31 AGGREGATE SALES In 1939 BONDS 1939 Bid 11 35 "440 2,850 850 290 70 7,057 6,128 80,358 20 4,504 2,334 62,344 468 2,680 138 998 1,415 35,761 28,380 173,373 42,772 8,805 863 8,830 567 1,238 90 120 18 1,771 185 1,623 234 400 35 11,377 992 200 P 1,005 248 870 ""810 20 3,506 883 916 54 112 1,032 584 ""145 245 435 4,287 896 609 400 17,438 667 ""328 417 1,628 200 STOCKS 953 22c 10 453 653 2,979 Honolulu Plantation capital .20 ♦ 1,251 Hudson ;Motor Oar com 18,443 Hunt Bros Packing common. 10 11,764 10 Preferred 962 Hutchinson Sug Plant cap—15 2 pesos 3,040 16,977 Langendorf United Bak cl A—* 978 37 24,188 1,221 1,241 8,516 49,399 9,716 87,129 1,438 1,073 548 6,3^0 22 5 Class B Preferred - Leslie Salt Co capital LeTourneau Inc common 10c 6 % Sale 4 Sale 4 7 6 575 65 654 3,53 1.55 10 70 1,450 76 1.135 No par 1 NorthAm-Inv Corp com 100 6% preferred 100 553 %«preferred -100 23,042 North Amar Oil Consol cap—10 736 1.55 22 July 75 Feb. 11 6 23 4^8 Sale 15c Jan. 31 19c Jan. 27 654 Jan. 2 7 53 Jan. 11 4 Jan. 2 4 54 Jan, 17 654 Jan. 13 653 Jan. 9 4 y8 Jan. 10 1.55 Jan. 30 3 125 23 54 5053 102 27c 3553 4° 22 23 16 13 2 753 853 38c 1.40 90c 1.60 10 7 40* Sale 5153 103 30 Sale 854 320 17 H Sale 70c 2.50 11 u?* 4154 Sale 33 36 V8 Sale 34M 2.00 554 60c 2.00 7 3 2553 Sept. 2153 Jan. 2 46 4 Oct. 1254 Jan. 18c Dec. 11 Feb. 3 40 Apr. 8 30 Sept. 12 1 5353 July July 20c 23c Jan. 24 25 23 Jan. 51 Jan. 52 54 51H 103 53 105 10253 Jan. 18 4 Jan. 22 2654 Jan. 5253 Jan. 3 9 ii* 32 2454 2454 32M 26 24 8M 553 26 Jan. 24 32c Jan. 8 52 54 Jan. 3 53 Jan. 26 o5 Jan. 9 2 353 Jan. 2 51 Jan. 4 53 54 Jan. 30 Jan. 12 10853 Jan. 29 26c 2254 2254 754 554 280 19% 90 50c 2.10 9 4 53 3153 Jan. 23 23 53 Jan. 8 53 Jan. 30 16 553 Jan. 8 70c Jan. 2.50 Jan. 11 4 Jan. Jan. 11 12 6 22 554 Jan. 26 4 854 Jan. 10 1853 Jan. 4153 Jan. 26 11 32 17 ft* Sale 40 31 9553 S2K Sale 853 Jan. Jan. 1053 Jan. Jan. 3653 Jan. 93 53 Jan. 3254 Jan. 52 8 3 53 Jan. 10 53 Jan. 8 12 654 3 2 1753 Jan. 1.35 24 15 Jan. 40 94 Jan. 24 290 Jan. Sale 11 31 70c 12 8 53 37 31* 553 9 53 93 Oct. 5 5453 Oct. 1 108 Feb. 30 17 9 1 20 June 8 18 Mar. Mar. 52 Jan. 653 Jan. 3053 Jan. 553 Jan. 25 275 9 8 5 Nov. 27 1.90 May 3 8 6 Apr. 55c 14 Jan. 12 3453 Sept. 14 8 653 Apr. 36 31 42 June Nov. 25 22 7953 Apr. 10 2153 Apr. 15 1 July 11 96 Jan, 38 Sept. 12 15 1854 Jan. 31 14 Jan. 20 Oct. 25 31 20 Aug. 17 3053 Feb. 17 7 54 Jan. 13 5 May 27 12 5554 Jan. 3 38 8 5 954 Jan. 5653 Oct. 85s Jan. 13 7 3 31 Jan. Jan. 24 23 6 Jan. 3 953 Jan. 1653 Jan. 3 15 1654 Jan. 22 1353 Jan. 17 24 17 Apr. Apr. 8 8 2853 Jan. 25 5 Sept. 28 6 Apr. 8 1554 Aug. 25 (0 9 1154 Apr. 2 2053 Jan. 12 75c Jan. 12 42 4154 43 4153 Jan. 26 42 Jan. 12 37 So* 1753 1253 553 17 Jan. 10 17 54 Jan. 3 1154 Jan. 553 Jan. 5 6 12 1254 Jan. 553 Jan. 75c 2.10 55c Jan. 29 2.00 Jan. 22 1553 Jan. 3 8 Jan. 2 4 5 12 65c Jan. 2.50 Jan, 4 Jan. 2 853 Jan. 8* 36 7 54 Sale 454 7oc 6oc 10 10253 108 16 53 1753 1153 1153 2.10 Sale 40 Jan. 30 40 Jan. 30 4354 44 43 Jan. 12 34 33 Jan. 6 53 Jan. 29 Jan. 23 43 53 Jan. 35 Jan. 10 32 r3 8 753 Jan. 3254 Jan. 453 Jan. Jan. 3 60c Sale 753 6% 3053 Sale 454 454 5 12 3 Nov. 30 1.40 Jan. 20 Apr. 8 1654 Dec. 27 7 1153 Dec. 5 553 Apr. July 21 Feb. 10 65c 50c 9 9 105* it* 108 Jan. 10253 Jan. Jan. 20 15* slij 23 15 Sale 1153 Jan. 5 2.50 Sale 1.75 Jan. 16 753 Jan. 953 Jan. 3 54 Jan. 30 853 ia 170* 4 31* 25* 27 IVA 26 30 23 26 10 11 10 11 5 953 Jan. 19 Jan. 11 1653 Jan. 4 Jan. 17 2.70 Jan. 27 12 100 27 2853 Jan. 16 11 Jan. 21 6 Mar. 17 June 9 Sept. 12 Oct. Sept. 24 6 Feb. 24 Dec. 26 Mar. 18 Sept. 13 Mar. 4 Feb. 21 1 Dec. Jan. 4 Jan. 20 2 9 23 3 23 19 Mar. Mar. 14 11 .Jan, 18 23 Oct. 5 6 6 5 Jan. 9 1.90 Aug. 25 5 Jan. Sept. Sept. Sept. Sept. Aug. !* Jan. Nov. 5 1 7 9 Sept. 13 8 11 25 Sept. 1 24 54 1154 Apr. 23 3 25 13 11 8 May 18 Aug. 24 Sept. 854 Sept. Jan. Jan. ♦1053 Jan. Jan. 30c 4 10 26 3853 Apr. 22 Apr. 854 Jan. 2 16 Oct. Apr. 10 Sept. 5 354 June Jan. 9 105 Sale Sale 6 Feb. 20 40c 1.40 Mar. 17 2 75c 9 Aug. 24 20c 2oc 5oc 4254 May Dec. 17 26 453 Jan. 40 Mar. 14 953 Jan. 3 953 Sept. 11 1954 July 18 («) 1553 Mar. 15 34 70c 753 Sept. 18 16 4 26 7 36 24 8 9 44 8 6 2.25 Dec. Nov. 22 2053 Jan. 31 1553' 6 13 Jan. Ay* Nov. 17 33 Jan. 453 1653 854 Mar. 20 4353 July 27 1153 Nov. 8 41 Sept. 5 31 Jan. 3 3 17 2953 Nov. 25 2 19 7 Jan. 16 75c 1.75 25 May 29 12 37 853 19 Feb. Nov. 12 2054 2.90 453 Feb. 25 Jan. 78c 553 68c June 22 21 5 353 Feb. 10 114 May 29 114 17 853 Dec. 19 853 Sept. 5 1053 75c 62c Mar. 14 1753 Dec. 20 9353 Dec. 13 Dec. 28 300 Apr. 7654 July 20 Sale Sept. 15 853 Nov. 13 Jan. 12 Jan. 9 1653 Apr. 4 753 Nov. 24 8 24 37 54 Jan. 95 Jan. 30 31 Jan. 753 Jan. 3053 Oct. 2 2.00 7.54 11 25 8 1753 Jan. 9253 Jan. Jan. 953 Jan. 11 16 15 ill 3753 7 Sept. 21 20 July Jan. 35 10353 June 10 2453 Jan. 8 53 Jan. 553 Jan. 90 6 7 12 Mar. 1953 June 20 153 9 10 H 17 54 147 3254 Jan. 290 10 Oct. 18 Sale 354 ar. 20 104 45c 26c June 29 62 40 Sept. 1 4 54 2.90 Sept. 21 96 1953 June 320 Sale 80c 135 485 35c 5554 Apr. 27 23 H Jan. 106 30c 20 104 85c 80c 8 18 Apr. 35 26c 42 38 6 8 Mar. 13 14 5 26 Jan. 25 Nov. 16 Sale 15 4 1.50 Jan. 13 33' Jan. 38 Jan. Sale 353 6 2 Oct. Dec. 29 1553 Oct. 1753 1254 1453 8 853 18 19 9 11 634 3153 553 Sale 16 1653 1154 1254 13 53 1453 16 9 53 Jan. 25 20 Sale 9 17 Apr. 2053 Sale 18 11 8 Apr. 1454 Apr. Oct. 2253 Sale 20 Oct. Jan. Nov. 1853 Jan. 7 Jan. 1 1854 Sale 3 i 6 25 7 1.00 20 853 55 54 9 Feb. Sept. 26 Sept. 13 8 853 Sale 3 Jan. Dec. 26 190 10 Apr. 11 3 ov. 24 12 19 14 107 25 54 Sale Jan. 2053 Jan. Mar. 21 1054 554 853 653 10 ol53 4953 3 53 Sale 8053 53 54 25 18 31 30c 8 50c o45i 52 1553 Jan. 30 I* Jan. 33 26c 91 20 120 2.00 34c Sale 1653 Jan. 1954 Jan. 30 7 July 6 553 Oct. 353 Nov. 30 8 453 Apr. 453 Nov. 27 10c Jan. 75 50 39 15 16 M Sale 10 23 Jan. May 8 Sept. 15 Dec. 20 Dec. 12 Sept. 24 3 954 Feb. value. 54 35 41 653 32J4 453 Mfg Ce common 1954 20c 38 Nat Auto Fibres Inc com.stk—1 Natomas Co capital-.--—-* 1.00 16 54 12 H 18c 43 —10 Sale 39 10 Marchant Cal Mach C« com--5 Sale 7 12 54 21c Libby McNeill & Llbby com.. 7 Lockheed Aircr Corp com.—. 1 Lyons-Magnus Inc A * Meier & Frank Co 2.00 8 80c * .50 — Sale 50 34 54 Class B . 453 ~k3 35 25c 180 98 July 27 87 June 5 14 11053 Feb. 14 10853 Feb. 28 108 53 Feb. 28 131 53 Nov. 24 13 5 53 May 24 653 Dec. 23 7 15c 50c i1* it* 20 1 Menasco 16 „ 50c 48,813 13,901 140,947 76,861 43,751 3.555 Jan, 110 124 124 Jan. 119 121 H 126 6 53 8 7 H 753 1.55 Jan. 1.65 2.00 1.50 1.50 14 Sale 1354 Jan. * 316 50 25c 15,432 Magna vox Co Ltd capital—253 * 15,248 Magnin*& Co (I) common Preferred —100 404 "l",140 654 6 53 110 1053 Sale 7 — Home Fire & Marine Insur Co of Calif capital 10 1,374 20,954 Honolulu Oil Corp Ltd cap—* 1,500 • 6 54 50 Bishop Oil Co cap —.2 Byron Jackson com cap * Calamba Sugar Estate com—20 Preferred 20 Calaveras Cement Co com---* 7% preferred 100 Calif Art Tile Corp class A—* Class B * Calif Cotton Mills capital—100 Calif-Engels Mining Co 25c California Ink Co Inc A * California Packing capital—* Preferred 50 California Water Serv pref-100 Carson Hill Gold Mg capital. _1 1XL Mining Co 1,706 1,092 16,378 1,755 3,065 10 150 — 1,190 16 100 par i?* 172 Jan. 36 __ 860 Highest Sale Prices Mar. 23 11954 June 15 10753 Mar. 22 10753 Mar. 22 " 104 Lowest Sale Prices 118 . 87 Highest Sale Prices 100 100 54 Caterpillar Tractor capital—* Central Eureka Mg Co com—1 353 89 53 Chrysler Corp common -—5 48 Clorox Chemical cap 3554 37 10 10653 970 Coast Cos G & E 6% 1st pf-100 106 53 108 Columbia Broadcasting Sys— Class A —2 V 23 1,160 23 H Class B 25 515 Commonwealth Edison 25 32 M Consol Aircraft Corp com 29 2353 2553 1 7~5l9 Consol Chemical Industries 18 21 24 53 Inc class A partic pref * 24,953 754 850 Consol Coppermines Corp cap 5 Creameries of Am Inc com 1 Crocker First National Bank 325 280 San Francisco cap 100 293 126 17 1353 1454 5 206,550 Crown Zellerb Corp com 85 87 90 Preferred --* 18,907 55c 1 60c 1,156 Cypress Abbey Co common—2 2.15 2.25 1.95 7,356 Di Giorgio* Fruit Corp com.-10 14 Sale Preferred -.--100 9J3 5,060 4 54 353 4 54 Doernbecker Mfg Co------—* 6,247 139 * 100 Dow Chemical Co common 20 1553 El Dorado Oil Works cap 854 * 13,768 10 954 953 3,567 Electrical Products Corp—-.4 1553 18 1554 42,378 Emporium Capweli capital—* 35 40 % 3553 Preferred w w -—-50 7,935 11 9 11 16,822 Emsco Derrick & Eq Co cap__5 Sale 31 30 53 Ewa Plantation 20 1,912 41 36 35 1,191 Fireman's Fund Indem cap--10 Sale 82 95 11,356 Fireman's Fund Insur cap__25 34 3553 33 54 10 13,488 Food Machinery Corp coin 1.75 1.50 1.55 12,479 Foster & Kleiser common—253 16 14 17 53 Class A preferred 25 1.554 Galland Mercantile Laundry 20 common (capital) 2154 24 —* 2,265 General Metals Corp— 9 7 54 9J3 Common capital 253 9,467 49 50 -.10 5454 97,724 General Motors 6 7 54 8 26,499 General Paint Corp common-* Preferred. * 2653 3053 7,432 953 Sale 554 14,843 Gladding McBean Co com—* 653 Sale * 176,881 Golden State Ltd capital * 10,581 Greyhound Corp common Preferred 10 1154 20 13 1253 1453 10,064 Haie Bros Stores Inc capital— * * 3653 3853 41 4,337 Hancock Oil 19 19 Sale Hawaiian Pineapple Co * 26,469 92 1.00 75c 73,215 Holly Develop Co common---1 880 Ask 116 33,083 Atlas Imp Diesel Eng Co—...5 410 Bandini Petroleum Co com—_l 2,614 Bank of Calif Nat Assn cap--80 690 Beech Aircraft Corp com..—1 625 1939 11053 Feb. — 600 Bid 98 11,272 Alaska Juneau Gold M cap—10 100 15 Alaska Packers Assn cap Angio-Amer Mining Corp Ltd— Common — 1 23,900 20 27,040 Anglo-Calif Nat'l Bank 34,468 Assoc Ins Fund Inc com cap .10 490 Ask Bid 1949 553% Shares 7,995 18,247 25,591 2,270 2,380 YEAR Sale Prices Lowest Jan. 31 Jan. 2 Ask 56,000 Atlas Diesel Eng Co 6%—1945 1965 5,000 Coast Co G & E Co 4% 2,000 Pac Tel & Tel mtge B 3 Ms 1966 1952 3,000 S J Lt & Pow Corp 6 % 5,000 969 RANGE FOR PRICES IN JANUARY UNLISTED BONDS 5,000 Miller & Lux ctf of dep 6% 1945 1961 7,000 Sou Calif Gas 4 53% S P Golden Gate Ferries— 2,079 6,290 1,245 $46,500 Price $ Shares 122 $85,000 Jan. 1 to Deo. 31 1938 Jan. 3 12 Months 4,000 $1,000 $4,000 _• 1939 6,529,965 SAN FRANCISCO STOCK EXCHANGE January January. 1939 1940 Bond Sales 1940 Stock Sales t Mar. 4 Sept. 11 Sept. 11 Mar. July 8 22 63 SAN FRANCISCO STOCK EXCHANGE FEB., 1940] "<? AQGREQATE YEAR 1939 Prices January 3 Months 12 RANGE FOR PRICES IN JANUARY FRANCISCO STOCK EXCHANGE SAN SALES STOCKS 1939 Bid 2,012 Occidental Insurance capital-10 26,294 Occidental Petrol Corp com—1 22 27 k 24 Ask Bid 24 26 18c 20c 11c 20c 15c 21 23 21 4 5 Ask Bid Lowest Highest Lowest Sale Prices Sale Prices Sale Prices Jan. 31 Jan. 2 1939 Par Shares Ask Highest 26 25 Jan. 3 25 Jan. 3 20c 10c Jan. 11 10c Jan. 11 10c 5k Jan. 21k Jan. 4k Jan. 19 5k Jan. 21k Jan. 4k Jan. 19 29 29 5 Aug. 30 18k Jan. 24 3k Sept. 1 6k Jan. 10 Jan. 17 1.40 Jan. 13 32k Jan. 33k Jan. 15 34 19 34 Sale Prices 28 Mar. 7 28c Sept. 11 23k Jan. 23 June 27 O'Connor Moffatt & Co— 1,888 5,858 24,221 3,035 8,522 21,553 1,810 84,725 149,170 135,853 43,876 56,597 4,393 38,066 35,014 4,776 Class AA common 20 k * Class B Paauhau Sug Plant Co cap--15 Pacific-Amer Fisheries Inc—5 Pacific Can Co * Pacific * Clay Prod capital 59,935 84,718 17,600 21,964 37,149 2,929 16,083 15,300 5,125 29 29k Sale 28 % 43 H 107 % First preferred * Pac Tel & Tel Co common-.100 ---50 Preferred Tide W ater Assoc Oil Co com -10 4 k% preferred 100 Transamerica Corp capital 2 Tread well Yukon Corp Ltd— Common capital ---1 Union Oil Co of Calif cap—.25 Union Sugar Co common 25 United Air Lines Trans 5 10 lk Victor Equipment Co com—1 Conv cum pref 5 Waialua Agricultural Co 20 Universal Cons Oil--- 29 k 44 k SI e Sale — ——— 499,687 7 Sale 32 1 49,630 Rheem Mfg Co * 109,415 Richfield Oil Co common Com stock purch Warrants— 4,735 1 3,414 Roos Bros Inc common Series A preferred 296 100 177.718 Ryan Aeronaut Co com cap-.l 14,690 Safeway Stores Inc corpmon—* ---* 4,630 Schlesinger (B F) com Preferred 25 7,705 * 10,514 Shell Union Oil Corp com 5 k % cum conv pref 92 100 2,040 Sherw d Swan Co Ltd cl A—10 8,853 Signal Oil & Gas Co class A. 5 100,504 Soundview Pulp Co Preferred 100 1,516 13,571 Sou Cal Gas Pfd 6% cum A—25 190.719 Sou Pacific Co com (cap'l)-lOO 8,887 Sou Pac. Golden Gate cl A—_* Class B » 1,718 14,424 Sperry Corp common v t C—1 5,496 Spring Valley Co Ltd capital—* * 147,516 Stand Oil Co of Calif capital 23,582 Super Mold Corp of Cal cap 10 16,253 Texas Consol Oil Co com—__1 * 4,110 Thomas Allec Corp class A 776 6 6% 1st preferred 25 5k % 1st preferred-. 25 Pacific Lighting Corp com—* $5 dividend pref * Pac Pub Serv com.. * - 23,895 Sale . 2.30 6% preferred 100 1,955 1,405 Pacific Western Oil capital—10 12,744 Paraffine Cos, Inc, com 4% cum conv pref 100 315 Philippine Long Distance Tei Co capital 501 —100 5,081 Phillips Petroleum Co cap * 4,050 Pig'n Whistle Corp partic pf-* 10,700 Puget Sound Pulp & Tim— * 8,807 Ry Eq & Realty Co Ltd com. 6% preferred 3,219 100 1 55,944 Rayonier Inc common— Cumulative preferred -25 30,192 1 18,713 Republic Petroleum Corp - 9 20 % 121% a2}* Sale 148 150 Ilk 12k 60 k 59 99 & Co 100 com 6k 5k 5 4 12 k 5 11 Sale 132 128 149 54 50 42 k 1.15 44 k 2.00 40 k 1.35 5k 6k 12k 7 8 47k 16k Sale 22 k 23 k Sale 3$ !lr< i3k Sale 8k 2.35 2.55 16 13k 105 100 7 Sale 28 k 29 k 2.00 1.75 4 5k 15k 14 Sale 102 6k Sale 5k 30 k Sale 2.75 1.50 2,40 17 8k 15k Sale 23 k Jan. Jan. Jan. Jan. Jan. 149k Jan. 41k Jan. 100k Jan. 53 Jan. 13 k 2 31k Jan. 2 50 13 108k 25 5k 12 21k 10 Jan. 3 «ian. 30 Jan. Jan. 5 132k Jan. 2 42 3 154 12 Jan. 2 2 42 Jan. 11 100k Jan. 8 54 8 11 Jan. 25 . 1.25 Jan. 26 1.35 Jan. 2 26 13k Jan. 8 Sale 4 2.90 41 19k Sale 7k Sale 1.00, 14k" , 2.00 17 Jan. 11 4 Jan. 27 18k Jan. 17k Jan. 3 3 23 Jan. 27 11 17 19k Jan. 28k Jan. 24 Jan. Ilk ilk 105 108 108 4 2.75 2.50 4k 27 Sale 28 k 27 29 Sale 29 29k 34 k k 14k 98 33 k 34 k 12k 13 Sale 15c 3c 2c 46k 6 5k 25 k 32k Sale 32k 10c "44k 6 32k Sale 32k 36c 60c 14c 45c 20c 1.00 14 40c 80c 45c 31 15 24 "2 Ilk Jan. 26 Jan. 31 26k Jan. 99k Jan. 33k Jan. 12k Jan. 16 5k Jan. 47k Jan. 6k Jan. Ilk Jan. 4 25 4 2 24 "4 26 27 3 28k Jan. 29k Jan. 3 5 100 Jan. 26 34k Jan. 10 15 15k Jan. Jan. 12 6c Jan. 5k Jan. 24k Jan. 25 6 5 3 Jan. 6c 12 10k 10k 89 92 92 10k 94k 93 95 Sale 6 51c 55c 18 k 6k Sale Sale Sale 13 k 15 16 "3k ~~4~" 9 9k Sale 27 k 50 Sale 5k 20c 12c 16 k 8 Sale 8k 15k 16k 15k 15k 4 J5 k 2.9 3k 10 11 30 28 Sale 15c 16k Sale 8 k Sale 15 k 15k 14 13 k 5 k Sale 3 k 2.60 10 Ilk 27 k 28k k 300" 17 17k 16 k 21k 21k 3k 19 300 290 6 1 Dec. Jan. 2 24 Jan. 21 Jan. 15c June 27 10k Jan. 18 11 Jan. 9 Jan. 20 93 Jan. 20 5k Jan. 22 Jan. 18 15c Jan. 18 16k Jan. 23 5 17k 8k 16k 15k 5k Jan. Jan. Jan. Jan. Jan. 6 8k Jan. 26 Sept. 7 9k Aug. 18 87 Aug. 28 5 1 Sept. 35c 14k Jan. 18 Jan. 30 4k Jan. 12 14 3 Jan. 10 Jan. 4 27k Jan. 22 9 3 8 5 3 3 29 Jan. 9 Jan. 4 28k Jan. 9 1VX4 10k Jan. 295 19 300 55 Oct. 8 30 Dec. 26 1 13 Mar. 1 18k Dec. 30 28 k Dec. 3k Jan. it* 13 7 10 28 19 Jan. 18 July 26 June S 9 Jan. 3 12c Dec. 21 15 k Aug. 28 4 k July 1 8k Apr. Apr. 4 k Dec. 1.90 Aug. 6# May 24 k Aug. 12 10 11 6 2 16 28 10c Jan. 18 50 k Sept. 21 5k July 33 k Sept. 36 July 45c Sept. 90c Mar. 14k Jan. 95 k Jan. 8 12 12 24 27 0 5 18 Sept. 13 55c Jan. 4 19k Jan. 19 Sept. 13 88 Dec. 29 17k July 25 5k Dec. 13 4k Sept. 27 11* Oct. 24 Sept. 6 28 14 Oct. 37 17 110 Jan. 266k Oct. Jan. 7 45 k Sept. 26 2.80 Feb. 9 Nov. 15 108 1 Sept. 26k Jan. 30 300 Jan. 85 276 8 Jan. 33 6k Jan. 101k Mar. 20k Oct. 10k Jan. 3 15c 12 31 10k Mar. 4 59 k Jar 12 37 k Jan, Jan. 100 95 286 Fargo Bk & Un Tr caplOO 280 Pipe & Steel of Calif 10 18k 19k 5k 11c 17 4 Dec. 18 Apr. 47 1.25 Sept. 16 2.00 Jam 4 6 Feb. 28 4k Mar. 13 9k Sept. 1 16k Sept. 11 103 Feb. Apr. 18 106 7 3 7 Mar. 2 Sept. 8 26 9 May 32 Jan. 5 11 29 k Dec. 14 Apr. 11 9 Dec. 99 8 79k May 28 k Sept. 5 34k Dec. 15 8 4 10k Apr. 21k Jan. Dec. 4 lc 35c Jan. 10 5c 93 July 8 Apr. Apr. Sept. 4k Apr. 18 24 k Aug. 23 31 157 June 21 10k 6k lk 13 k 99 k 4k .30 39 33 June 29 22 22 133 June 7 1.50 Jan. Jan. 1.50 Jan. Jan. 15 105 Jan. July 10k Mar. 30 16 Dec. 21 Jan. 60 18 25 4 Mar. 11 July 25 July 24 Aug. 3 12 23 16 2.40 Jan. 34k 35k 31k 50 k 109 k 7k 22 k 12 2.65 Jan, 3 - 2.75 Dec. Dec. 17 38k Jan. 19k Jan. 8k Jan. 60c 11 13k 36k July 18 1 1 Sept. 3k Aug. 15 10 13 45c 85c 4 18 46 5k 24 k Feb. 2.55 Jan 9c 10c "45" 100 W* Apr. 8 29 Sept. 5 26 k Sept. 13 41k Jan. 30 100 Sept. 5 4k Sept, 5 5 18k Oct. 114 Apr. 11 130 Sept. 12 7k Dec. 30 36k Sept. 12 90 Sept. 15 38k Jan. 18k Jan. 7k Jan. 3 104 99 k 4 1.25 Sept. 11 25 Sept. 22 Sept. 23 Sept. 5 7k Sept. 5 14 k Oct. 21 5k Mar. 17 il* 8 26 50 Oct. 25 k 24 Jan. 12k June 29 2 Aug. 21 26 105 107 108 103k Jan. 5 k Sale 4k Jan. '5k Sale 48 k 48 k 47k Jan. 46 k 1.50 1.60 1.60 1.25 6k 6 Jan. Sale 6 6k 12 k 3 Jan. o 12k Jan. 101 33 28* 2ik 130 Jan. 15 12k 17 k 28 k 3 31 1.50 Jan. Jan. 40 k 1.50 16k 19 k 8 1.05 27 k 2.60 35 40 4k May Ilk 19 2.50 32 k 21 46k 6k 55 24 18k 7k 31k 20 k 35c 9c 52 k 38 k Sale 97 9c 43 Feb. 10 30 8 22 21 34 96 2c Sale 99k 104 42 k 12k 3k 6k Jan. 12k Jan. 4 k Oct. 48k 107k 5k 5k 20 k 20k 130k 131 Sale 18k 18k 28k 95 45k 31 48 20 54 4 5 11 Sale 149 k 152 7 7k 41k 41k Sale 50 41 Sale 108 k Sale 21k 10 5 Sale <50 k 46 k 31k 30 k 6k 6k 13k 33 k 33 k Sale 48 k Sale 107 k 109 5 k Sale 5 1.40 Sale 1.50 1.40 33 k 34 6 k 24 4k 5k 5k 12k 4k 98 k 103 Vega Airplane Co 90 Weill 940 Wells 5 5 21k 5k 6k 6k 5h 5% 5% Pac Coast Aggregates com---5 Pacific Gas & Elec Co com--25 140 8 5k -- Oliver United Filters Inc A— Western common 27,872 Yellow - Checker Cab Co— 50 29 31 19 Series 2 50 294 5,263 Yosemite Portl Cem Co pf—10 25 30 Saie 16 Series 1 2,325 UNLISTED 3k * . . k ik * 200 Am Com'l Alcohol Corp com.20 370 American Factors Ltd cap 20 lk 12 17k Jan. Jan. 10 21 Jan. 18 2.90 Jan. 15 2.90 Jan. 15 20 3 lk 2k 6 7 Amer Tel & Tel Co Anglo Nat Corp cl A com 10 170 1 50 * 9k 170 172 31 Ilk Apr. 11 27 Dec. 15 36 k Mar. 9 33 Feb. 21 4 Jan. 10 18 16k Dec. 22 2.90 Oct. 3 171 53c 31 26 k 9 26 k Sale 3k 4k 8k 8k 4k 2 k 2k com.-100 .5 Aviation Corp (Del) com 3 Aviation & Trans Corp cap 1 24 k 8k 7k 3 k 5k 31k k lk 100 Bendix Aviation Corp com—.5 150 Berkey & Gay Furn com 1 1 73,273 t Blair & Co Inc capital-100 Bolsa Chica Oil class A com. .10 Bunker Hill & Sullivan Mg Sale 8k Sale 6k 3k 5k 29 k k Sale 1.75 13k 14k 65 13k 14k Jan. 29 29 Jan. 29 8:k 6k 3 k 5k 30 k % k lk Sale 171k Jan. 53c Jan. 27k Jan. 8k Jan. 3k Jan. 22k 8k 6k 3 k 5k 30k Jan. Jan. Jan. Jan. Jan. Jan. lk Jan. 22 171k Jan. 19 55c Jan. 19 3 22 3 Jan. 31 3 9k Jan. 8 15 4 Jan. 9 18 25k 8k 7k 3k 5k 30k Jan. Jan. Jan. Jan. Jan. Jan. 3 9 3 9 19 29 2 J an, 5 22 16 4 19 29 2 Sept. 15 80 5 lk Oct. 2k July 20 6k Dec. 21 34 Sept. 25 30 k Apr. 14k 4k 9k 148 k June 28 Apr. 17* Dec. 12k 13 13 k J>n. 16 14k Jan. 4 67c Mar. 13 38k Sept. Ilk Mar. 7k Jan. 6k Aug. 3k May 23 Aug. 25 8k Dec. 14 3 k Aug. 24 3 k Jan. 8 7 3 36 k Jan. 30 8k Dec. 14 9k Nov. 4 4k Nov. 8k 4k Apr. Apr. k Feb. lk Aug. 18 Ilk Apr. Dec. 26 20 Jan. Mar. 10 Dec. 21 171 Apr. 43c Sept. 21k Apr. 4 Sept. 27 26 33 k Oct. k Feb. 3 k Jan. 1.75 Dec. 2.35 80 65 8k 6k 32 k 3k 57c 23 k 23 29 4k 10k 55c 3 k Aug. 2k July 6k Dec. 31 30 Atch Top & S Fe RR Atlas Corp common 6 Con Co common--— —2k Power— 6% pref Cnon-callable) .100 6% pref (1927 series) 519 100 1,170 Calif Pac Trading Corp com.-* 3k 53c 402 Ark Nat Gas class A common.* 10,628 28 k 29 k 4k 10 k 28 k 4k Argonaut Mg Co Ltd capital-.5 B & O R11 common 34 29 k 29 100 com Am Toll Bridge (Del) com Anaconda Cop Mg Co.com-. lk .§* 7 900 Amer-llawaiian SS Co com.. 10 500 Amer Pow & Light com * 11,631 Amer Rad & Stand San com--* 8,247 1,782 47,179 4,014 4,411 22,698 17 k 2.90 21k 21k 3k 15k Jan. STOCKS 435 Alleghany Corp common. 685 Amer & For Pow Co Tnc com 25,234 108,824 30,803 10,488 11,077 2.90 Sale 17 12 1.75 Dec. 27 11 19k Sept. 5 Calif-Oregon 182 — 1,542 Calwa Co 7c * 1~55 --10 common 100 Canadian Pac Ry com 675 Ches & Ohio RR com 7,306 Cities Service Co 6 2.00 1.40 25 5k 6k 4k 25 37 k 38 k —10 7H 38 k 3k 1 13,492 Claude Neon Lts Inc com 1,050 Coen Cos Inc class A com---* Sale 20c 82k Jan. 3 86 Jan. 19 5c Apr. 90c 2.00 5k 40 Jan. 5 3 5 Jan. 3 k Jan. 15c 65 8 Jan. 18 10c Jan. 18 30k Jan. 7k Jan. 9k Jan. 33k Jan. 16 8 12 8 32 Jan. 7k Jan. 4 k Jan. Oct. 78 7c June 20 3 Mar. 13 2 2 Nov. 4 Aug. 4 Aug. 5 34 k Mar. 18 4k Nov. 25 k Dec. 14 8 3c Dec. 4 10c Dec. 20 6 17 Mar. 14 2.30 Nov. 3 k 50c 83 7c 25c 1.15 Preferred 40 69k Sept. 29 84k 84 k Jan. 18 Mar 14 8 5 42k Oct. 21 Feb. 2 9 lk Jan. 25c Jan. 5 19 Columbia River Packers Assn Inc 3,490 common 515 Comm'l Solvents Corp com Consol Edison Co N Y com 6,486 11,370 75,760 12,242 2,936 9,901 * 4 * 5 12 30k 8k 7k 37k Consol Oil Corp common * Curtiss-Wright Corp com—-.1 Domlnguez Oil Fields cap * Dumbarton Bridge Co com.. 10 Elec Bond & Share Co com 5 57 Fibreboard Prod Inc prior pflOO 23,238 General Electric Co com.--.-* 2,009 Goodrich (B F) Co common._* 2,032 Hawaiian Sugar Co capital—20 479 Hobbs Battery cl A cap * B capital * 1,150 199 Holland Land Co com———.* ------1 1,386 Holly Oil Co capital 306 Honokaa Sugar Co capital-.20 Idaho Maryland Mines Corp— Capital 1 57,748 No par value. 32 4 7 7 14k Sale 7k o Sale 9k 35k 25c 50c 10k Ilk "43 23 k 104 k 37 k 41k 16 k 20k k 24 k 8ale 22 1.00 25 20c 1.75 1.50 3 19k 3 2.50 35c 1.00 35c 1.25 1.00 "2"40 , t Formerly Baneamerica Blair Corp. 5 6k Sale 20c 6k t Odd lots. 6k 6k Sale Sale 7 10k Jan. 36 Jan. 8 2 29 26 8k Jan. 5 31 41. Jan. 4 20 Jan. 11 20 Jan. 11 Jan. 18 25c Jan. 18 25c 30c 7 5k Jan. 10 6k Jan, 19 28 3 7 Nov. 4 Nov. 15 Feb 1 Sept. 2 50 Mar. 35c Dec. 5k Sep- Aug. Sept. 12k Jan. 20 107k June 27 5 42 k Jan. 20 k Nov. 29 9 0 Mar. 23 1.75 Mar 1.75 Mar. 2.50 Jan. Oct. 6 2.25 Sale i* 16 k Aug. 20 k Aug. 2.50 Mar. 25c 6 24 3i0 6k Aug. Aug. Apr. 25C Aug. 6k June 104k Oct. 31k Apr. at* Jan. 2.00 35c 28 k Sept. 37k Jan. 17 k 23 6k Oct. 13 k Feb. Ilk May 40c 7 105 42 k 35 25c Sale — * 13 k 31k 11 * 2 Jan. 20 3 6k Sept. 29 7 Jan.' 3 SAN FRANCISCO STOCK EXCHANGE 64 AGGREGATE SALES SAN FRANCISCO Shares 560 STOCKS 1939 Par Shares 4,660 19,683 75,754 65,797 10,088 3,685 1,458 2,845 2,435 420 Internat Nickel of Can Ltd—* Internal Tel & Tel common— * Italo Petrol Corp of Am com-1 5 8 1,228 680 21,739 91.796 6,159 1,846 36,113 3', 565 3,822 4,329 1,021 1,693 1,410 323 1,465 407 100 ""loo 100 700 1,850 1.057 11,594 6,367 7,431 1,002 17.912 461 19 770 ""770 74 931 350 "455 7,010 394 ~~133 575 255 46 5.243 8",604 8% Preferred 10 Montgomery Ward & Co, Inc, common -* Mountain City Cop Co cap— 5c Nash-Kelvinator Corp cap— -5 Nat Distillers Prod com * Nor Amer Aviation Inc cap—-1 North Amer Co common-—10 Oahu Sugar Co Ltd capital--20 Olaa Sugar Co Ltd capital—20 Onomea Sugar Co capital—20 Pacific Finance of Calif com. 10 Pacific Indemnity Co cap—10 Pacific Portl Cement com—-10 6 %% preferred. 100 Packard Motor Car Co com- - * Park Utah Cons Mines com—1 Pennsylvania RR capital---50 Pioneer Mill Co Ltd capital-20 Radio Corp of Amer com * Radio-Keith-Orpheum com. - - * Riverside Cement (Del) A—-* Santa Cruz Portl Cem comr-50 Schumacher Wall Board com_* 200 10 385 3",700 3,360 1,225 8 500 10 ""200 Pacific RR 500 Western com 6% preferred 400 200 Western Union Teleg com. Los 454 Jan. 3 26 16c Jan. 1.55 Jan. 3454 3554 Jan. 15 3554 Jan. 2454 Jan. 2754 Jan. 2 27 2454 Jan. 2754 Jan. 10c 30 12c 5c ffl* 454 454 17c 6 9 11c 3854 10c 5c Sale '35" 454 8 21 24 554 22 5 20 25 754 254 554 2454 354 654 5154 5254 354 Sale 654 654 23 2554 2254 2154 Sale 5 654 2354 24 1.30 4054 354 14 22 28 Sale 23 24 28 2454 2754 2854 1054 13 2954 Sale i 2954 1.00 6 654 45 954 954 1854 654 4554 1454 15 4 18 2354 Jan. 2154 Jan. 25 16 25 Jan. 26 Jan. Jan. 16 43 1.25 Jan. 4 1.30 Jan. 23 4 27 4154 Jan. 354 Jan. 4 8 2154 2154 Jan. 24 2354 Jan. 2 12 Jan. 3 12 Jan. 3 554 Jan. 654 154 454 2 6 Jan. 19 2954 2854 34 75c 554 24.. Jan. 23 454 Jan. 5 Jan. 30 5 Jan. 2354 Jan. 10 Jan. 23 25 25 Jan. 6 18 1254 3054 3054 2954 3454 Jan. 29 Jan. 3 9 954 a Sale 2954 29 35 Sale Jan. 2954 Jan. 29 29 Jan. 26 3454 Jan. 17 1 30 3 Jail, Jan? Jan . 3 4 17 4 754 Jan. 19 9 Jan. 18 1054 Jan. 31 2154 4054 1254 44 1554 35 34 20 Jan. 24 24 Jan. 6 20 Jan. 6 47 48 79 47 81 48 47 Jan. 24 48 Jan. 26 254 Jan. 3 254 Jan. 3 23 70c 85c 50c 2.00 6 1.00 354 454 354 654 654 654 4 AM 454 454 100 54 1 '/% 154 100 ,100 23 2454 t&X 3454 Jan. 25 354 454 354 4 Oct. 754 Sept. 854 Mar. 28 Mar. Nov. 29 23 5 3 1 3 25% Aug. 2 32 Sept. 8 11 Sept. 5 30 Sept. 20 1054 Oct. 11 3354 Mar. 3 2.45 Feb. 17 48 Feb.' 11 454 Jan. 4 354 Sept. 5 Sept. 29 1254 Oct. 4 854 Jan. 5 154 Apr. 1 26 Feb. 6 2 Mar. 20 Feb. 28 Mar. 3 Jan. 13 2954 Aug. 14 Dec. 29 30 2954 June 16 3354 Aug. 3 10 Oct. Dec. May 26 20 8 7 45 1454 954 4754 3654 1854 8754 July Mar. Dec. Oct. Oct. July Dec. 19 5 26 6 18 17 18 3354 Aug. 21 254 May 18 50 Nov. 4 Dec. 21 Apr. 10 Aug. 23 22 1.40 82 3 Dec. 954 4454 3654 1454 87 . 6 Dec. 22 Dec. 1.00 Jan. 16 1.15 Jan. 4 54c 5654 Jan. 154 Jan. 23 16 6654 Jan. 154 Jan. 2 9 43 354 Jan. 15 354 Jan. 9 4 Jan. 3 25c Jan. 29 16 Feb. 28 40c' Apr. 18 1.00 50c 57 754 Mar. 10 4754 Mar. 21 Apr. 11 Dec. 26 Jan. 12 Oct. 18 8854 80c Nov. 854 Sept. Sept. 11 454 July 28 8J4 Apr. 21 21 Dec. 26 554 Dec. 19 4354 Apr. 10 554 Apr. 11 95c June 86 154 28 11 15 30 28 22 26 19 10 91 4054 354 2554 5754 Dec. 15 Sept. 354 Sept. 1954 Sept. 10 Sept. 2354 Jan. 2754 Sept. 2554 Sept. 3054 Oct, 40 89 1.00 4 12 43 5654 154 Apr. 17 154 Aug. 10 20 Mar. 17 954 Aug. 30 554 Sept. 25 154 Dec. 28 25 17 23 1.15 19 3 Jan. 33 254 Dec. 40 1354 Jan. 42 254 2054 4454 Apr 6 354 Aug. 24 554 Sept. 1 25 Aug. 3 1354 Apr. 20 2154 June 23 1854 Aug. 30 354 Apr. 10 1854 Jan. 5 1054 Oct. 11 3054 Feb. 17 1.25 Dec. 20 42 20 6654 Sale 154 .154 23 25 34 6854 Sale 154 Feb. 29 46 25 1.20 12 Jan. 15 23 1.10 June Jan. 32 254 35 Aug. 11 13 45 254 6c July 2254 Sept. 2 42 35 254 7 June 22 Jan. 2 33 3954 13 Jan. 7 2.80 July 25 Sept. 44 20 8 Jan. Jan. 31 6 75c 654 754 4254 4354 1054 Sale 25 4254 3154 Jan. 5454 Sept. 6 954 Feb. 27 37c Sept. 23 2.75 10c 4 20 4 8 11541 1554 "4354 2354 Jan. 2354 Jan. 21 Jan, 28 19 27 4054 1454 754 12 auxi 44 4 22 oR^ ----- Apr. 11 . 4154 Jan, 354 Jan. ~" 29 XL 65 c 354 8 654 754 5154 5254 754 Sale ' 2354 2954 3254 ----- 31 2 1.90 45 354 254 554 4 454 22 2754 2854 3154 5554 Jan. 454 Jan. 754 Jan. 354 Jan. 654 Jan. 14 351 15) 2151 11 554 Sale 154 154 454 454 2354 24 4 24 2454 2154 1.90 11 454 Jan. 13 Dec. 19 Dec. 28 Dec. 12 754 Sept. 22 4754 154 254 2354 Sale 854 254 754 25 27 1254 3654 3 13 10 Jan. Dec. 35 12c 1.40 29 5c 454 1.15 41 2.50 50 4 8 5554 Sale 434 454 654 Sale 24 2454 2654 2554 2254 2354 454 Sale 2 254 2354 2454 11c 4 3554 1.65 45 5 5 454 10c 4 12c 2354 20 35 5 12c 4 3554 3854 3854 Jan. 22 Jan. 1.40 Jan. 11 35 250 Union Carbide & Carbon cap.* 13,823 United Aircraft Corp cap-.:—5 6,459 United Corp of Del common—* 100 U S Indus Alcohol com—.—* 1 34,787 U S Petroleum Co capital 73.126 U S Steel Corp common—-—* 24,652 Utah-Idaho Sugar Co com—6 25 1,615 Vica Co common.. 14,734 Warner Bros Pictures com..—5 West Coast Life Ins Co cap—5 3,178 50 West Air Express Corp com—1 ""840 1854 Highest} Sale Prices Jan. 23 23 20 4 Lowest Sale Prices 15c 20 5054 654 854 2754 1854 Sale 22 Highest Sale Prices 15c 17c 1.45 Sale 3754 4954 654 854 2754 * 100 Taylor Milling Corp com * 25 2,888 Texas Corp common 100 Texas Gulf Sulphur common. - * 535 Title Guaranty Co cum pref__* '"399 ra * Class B common 300 43 k 10c 354 Lowest 3554 454 15c 1.55 Sale 22 15c Ask 36 Sale 14c 2.25 Sale 5c Ask Bid 3754 4854 454 Sale 30 Superior Portland Cement460 Class A preferred 50 55 20 . 205 Bid 9k 35c 2054 - 40 54 0SH 30c Bancorporation cap--* 14,198 Preferred. * 4,000 5,148 Shasta Water Co common—-* 50,414 Sou Calif Edison common—25 C 5 % % preferred 25 24,181 B 6% preferred 13,279 25 951 Sou Calif Gas 6% pref—---25 Sou Pacific Golden Gate Co—482 6% preferred 100 8,596 Standard Brands Inc com----* 400 Standard Oil N J capital-.—25 1 31,625 Studebaker Corp common Sunset-McKee Salesbook Co— Class A common * 50 Class B common * 20 8,484 2,458 1,114 YEAR 1939 Sale Prices Jan. 31 Jan. 2 Ask 42 % * 1,170 Matson Nav Co capital 2.790 McBryde Sugar Co Ltd cap—5 179,280 M J & M & M Consol capital-1 521 Monolith Portl Cement com--* 14",600 Bid 7% cum preferred-— --—1 Kennecott Copper Corp com-* Kleiber Motor Co capital- -10 420 Marine 35 300 RANGE FOR Jan. 3 1939 January PRICES IN JANUARY Price EXCHANGE STOCK Months 12 In 4 Jan. 3 25c Jan. 29 354 Dec. 20 4 May 18 4 Jan. 6 23 6 May 26 354 Feb. 24 Dec. 21 Sept. 8 Sept 12 Sept. 5 Jan. 1 38 654 Mar. 11 554 June} 9 454 25c 50c 10c 2754 154 29 22 25c May 13 Dec. 28 24 5 Aug. 54 2 54 Oct. 1 17 Dec. 22 2854 Aug. 2 Angeles Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE January 645,139 .__ Jan. 1 to Dec. 31. 6,833,944 4,686,086 1938 _____ 1938 1939 Jan. 1 to Dec. 31 January 1939 i-„ 1939 329,479 Shares_ 1940 Bond Sales 1940 Stock Sales AGGREGATE Jan. 3 STOCKS 1939 Par 2,249 Assoc Gas & Electric A— 165,501 Bandini Petroleum Co 2,783 865 Barker Bros common 451 5K% preferred 15 6 W 480 865 6,500 4,000 3,572 7,000 1,990 5,063 4,355 2,010 30,048 21,159 ~2,565 T,7o6 340 700 62 100 1,060 852 925 607 141 457 1,240 25c 50c 7 a \* Sale 12 % 33)4 25c 75c 30c Sale 1)4 8% • J% 38c 4H 18c 37c 12c 7} 26) 5c 25c 5% 50c 38c 4% Sale 75c 5H lc lc lc 5c lc 4c 2c 10c 2c 2c 10c 2c lc 15 24 X 10 220 General Telephone Corp 8,949 Gladding McBean &Co— see page 11K 07)4c 1.75 89 H 00 % 7% 7M 5H 5H 10K 10 H * lc 14 24* 95c 80H 7 14% 25* 76K 0)4 OH 77)4 10 % 10)4 14)4 9 15 H 10 !o* !o8 11 40c 380 10 Sale 43c 392 ID* 25% Apr. 13 37c Jan. 10 1% Jan. 22 37c Jan. 10 IK Jan. 15 18 80H 81H 10 10% 10 H Sale 36c 384 8% 20c 1H 12 5 Jan. 17 Jan. 3 10 Jan. Sale 392 8% 25c 2 7 Jan. 6 Jan. 6 3 Mar. 31 Mar. 35c 10c July Apr. h Apr. 25 33 Mar. 16 Feb. 7 Jan. 30 Jan. 30c 13 17 1% Mar. 22 Dec. Sale Prices Jan. 11 9 75c 10c Apr. 17 3% May 20 75c 4% Sept. 13 Feb. Jan. 8 Dec. lc lc Jan. June Jan. 9 14% Jan. 26 Jan. 14% Jan. 9 26 Jan. 3 2c Jan. 10 1 88 Jan. 19 Jan. 16 Jan. 11 7 Jan. 26 Jan. 18 5% Jan. 12 5% Jan. 3 26 lor Jan. 5) Jan. Jan. Jan. Jan. 10% Jan. 3 26 25 ¥ 6 15 3 Jan. Jan. 1 90 K Jan. 8 Jan. 11 6 83 y* Jan. Jan. Jan. Jan. 27 16 Oct. 13 Apr. Apr. Aug. 3 Mar. 3 Sept. 11 Oct. 4 Mar. 27 26 2 19 2 12 8 31 Apr. 6 Feb. 6 Oct. Sept. Apr. 16 3 4 May Apr. 2c 5 3 4% Jan. Jan. % 81% 7% 3% Jan. 50c 4 1 i&J" IPs..5! _25 20 16 25% 4% Jan. 3 8% Jan. 16 26% Jan. 9 2c 1 Preferred vtc 16 9 Highest Sale Prices 75c Jan. 28 12c 10 1 1 1 Byron Jackson Co * California Packing Corp. * Central Investment Corp.-100 Chapman's Ice Cream Co * Chrysler Corp 5 Consolidated Oil Corp * 8% Jan. 26% Jan. Lowest Highest Sale Prices 25c. Jan. 13 10c 10 4c Lowest Sale Prices 25c Jan. 13 3% Jan. 17 19r "lH 75c 8k 28) com , 30c 8H 28 Common vot trust ctfs Preferred Buckeye Union Oil 65c 70c 1 73,708 Exeter Oil Co A 334 Farmers & Merch Nat Bk—100 360 370 1 8,769 tFitzsimmons Stores Ltd 4,356 Fitzsimmon's Stores Ltd rights 50 Foster & Kleiser Go 2.50 300 General Metals Corp.——2.50 9 10 H 52.132 General Motors Corp 49% Sale 10 * 6% 2,738 General Paint common 8 footnotes *"«? 7H 26)4 5c~ 10 * 869 District Bond Co 15 "For 5c 1 57 He 6,287 Douglas Aircraft Corp —-* 23,250 Electrical Products Corp. 4 14,684 Emsco Derr & Equip Co.—.-5 1,334 1,085 5,010 100 125 1 .1 3% 1114 28% Jan. 31 Ask Bid Ask 12 He 50c 12)4c 50c 4 Sale 4% Sale Ask Bid Bid * 20,940 Consolidated Steel com--Preferred 40,565 __* 7,101 Creameries of America v t c—1 1,230 50 50 Tit" a 8 Brock & Co 8 2",621 u rrn —1 1 * 34,330 Bolsa Chica Oil Corp A—--10 B common 2,300 ,.10 10,967 Broadway Dept Store com * '""720 1,350 4,356 - 3,350 Barnhart-Morrow Cons 5,525 Berkey & Gay Furniture Co """200 Jan. 2 1939 Shares Shares 50 YEAR 1939 Price STOCK EXCHANGE 12 Months January RANGE FOR PRICES IN JANUARY LOS ANGELES SALES In Jan. i 19 Nov. 1 Oct. 20 Sept. 6 Sept. 11 Sept. 12 Feb. Dec. Mar. Aug. 14 Apr. Sept. Apr. Nov. 8 Mar. 10 Nov. 8 Jan. 20 43c 4 383 22 10 Jan. 8 Dec. Jan. 4 Jan. Jan. 12 30 23 36c Jan. 22 23 Jan. 23 6% Jan. 21H Jan. 30 54% Jan. 9 6% Jan. 30 Jan. 23 6 36c 383 Jan. Jan. 8% Jan. 21c Jan. 1% Jan. 52 5 66. \ 8 1% Jan. 21k Jan. 13 Jan. 5 6 Mar. 6 Oct. 27 May 8 Nov. 4 56K Oct. 26 8% Oct. 30 116% June 26 110% Not. 29 4% Dec. 27 9% Jan. 7 6 May 37KApr. 5 Sept. 6 8 6 FEB., 1940] LOS ANGELES STOCK EXCHANGE 65 AQOREOATE ; SALES LOS . ANGELES PRICES IN JANUARY STOCK EXCHANGE 12 Months 1939 STOCKS 1939 Shares Jan. 2 Par Bid 17,963 Globe Grain & Milling Co.-.25 2,477 Golden State Co. * 20,970 Goodyear T & R Akron com..* 37 37 k 39 k 90c 42 28,453 Hancock Oil Co A * 136,780 Holly Development Co 1 1,266 Holly Oil Co 1 300 Honolulu Oil Corp • Hudson Motor Car Co 2,011 6,349 Hupp Motor Car Co 1 9,265 Intercoast Pet Corp 50c 23,000 Jade Oil Co -10c 3,013 tLane-Wells Co -.1 Langendorf United Bakeries B * 87,461 Lincoln Petroleum Corp 10c 52,441 Lockheed Aircraft Corp 1 79,626 Los Ang Industries Inc 2 22,148 I os Ang Investment Co 10 11,775 Mascot Oil Co ......1 218,523 Menasco Mfg Co 1 4,500 Merchants Petroleum Co 1 8,000 Mid-Western Oil Co 5c 12.045 Mt Diablo Oil Ming & Dov 1 45,350 Nordon Corp 1 14,737 Occidental Pet Corp ...1 1 35,187 Oceanic Oil Co 7,750 Pacific Clay Products * 6,950 Pacific Distillers lnc 1 25,772 Pac Finance Corp common.. 10 Preferred A— 1,425 10 Preferred series C 10 1,343 25 18,247 Pac Gas & Elec Co com 1st preferred 6% 7,804 25 5k % 1st preferred 2,773 25 18,845 Pacific Indemnity Co 10 14,750 Pac Lighting Corp com * - 940 Pacific Public Service * 1st preferred— * 1,775 1,790 Pacific Western Oil... TO 1,607 Puget Sound Pulp & Timb Co. * 31,510 Republic Petr Co Ltd 1 940 5k % Preferred A 50 60.610 Rice Ranch Oil Co 1 92,954 Richfield Oil Corp common. Warrants. 12,694 36,849 208,893 6,900 3,860 1,222 42,000 12,512 2 Ryan Aeronautical Co 1 Sate way Stores Inc * ... Security Co units Shell Union Oil Corp Sierra Trading Corp Signal Oil-Gas A B * 25c * MINING STOCKS— Alaska Juneau Gold M Co. .10 Black Mammoth Cons M ColOc Calumet Gold Mines Co 10c Cardinal Gold Mining Co Cons Chollar G & S Co ..1 1 141,000 Imperial Development Co. _25c Prince Cons Mining Co 10c 1 65,097 Tom Reed Gold Mines Co 25c 76,875 Zenda Gold Mining Co UNLISTED STOCKS— 9,960 6,744 21,636 39.676 8,846 Amer Rad & Stand San Am Smelting & Refg Co * American Tel & Tel Co 100 Anaconda Copper Mining...50 (111) 5 1,133 Atch Top & Santa Fe Ry-_100 6c 11c 33k 2 k 3k 34 k Sale 4 70c 60c 32 40c 12c 45c 10c 05c 60c Sale 4c 6c 17c 22c 8c 18c 48c 77 kc 80c 6k 7k 25c Ilk 12k 10 28 k 31k 28k 27 k 43 k 6k 20 k Ilk 12 - 10 *4 29*4 32 k 29k 28 Sale 7k 21 k 12 k 5 3 40 25c Sale 18c 9 k 3k 7k 28 k 28 k 14*4 30*4 5c Sale 3k Sale 29 k 30 15*4 31*4 28 k 29 27*4 Sale 31 31*4 21*4 32 Sale 28 Sale 8 6k 18*4 15*4 754 2k Sale 8k Sale Sale Sale 8*4 Sale 4*4 20 4 9*4 10*4 23*4c 25c 5c Sale 5*4c Sale 1*4 2*4 lc l*4c 15c" 3c 5c 149 3*4 50 Pure Oil Co Seaboard Oil of Del Sears Roebuck & Co Socony-Vacuum Oil Co Southern Ry see page 66. ♦ * ...» ... 45c 2c 6*4 4)4 ny> isi1 11*4 15c 28*4 13*4 8c 2c 8*| 16 3 6k 12 kc 15c *4c lc 5c 10c 2*4 lc. 38c 3*4c 5c 2*4c Sale 6*4 6*4 12c l*4c 30c 5c 3* 88 ** 73 23 50 27*4 10* 43 39 23*4 6 13*4 1*4 24 10 27*4 11*4 11*4 43*4 39*4 24 k * * 15 54*4 9*4 42*4 28*4 6 k 634 37* 47 17 "55 k 53*4 54*4 50*4 50 35*4 9*4 43 *4 36*4 55*4 '21*4 "22*4 19 Sale 26 22*4 7 3*4 23$ 8k 5k 4, 6*4 14*4 lk 4 k 24% „ Sale 29*4 734 6*4 38*4 48*4 17*4 1*4 23*4 18*4 85*4 1234 19*^ 36*4 4*4 34*4 35*4 3534 36 52*4 51*4 3 34 Sale 16*4 15*4 25*4 •24*4 22*4 21*4 7*4 6*4 3 34 6*4 m 5 Jan. 15 £47 Jan. 12 4 23 Jan. Jan. 32 £1154 Jan. 9 Jan. Jan. 3c 2 25 3 27 23 9 3 28*4 Jan. 24*4 Jan. 25 Sale Nov. 25 6 k Apr. 1*4 3*4 4*4 30*4 26 11 July 1 Jan. 9 Sept. 1 Mar. 22 Jan. 24 13k Nov. 16 2c 24k Apr. 8 Dec. 30 Jan. 3 4644 Jan. 12 31 4 25 16 32 Jan. Sept. 7 Apr. 8 Dec. 14 Apr. 11 Sept. 1 Apr. 3 Sept. 5 Aug. 28 Apr. 8 6*4 Jan. 29 2 6*4 Sept. 23 Jan. 36 k Oct. 31 Jan. 23 9 29 Jan. 16 30*4 29k 34*4 34k 15k Jan. 3 24k Jan. 30 26*4 Jan. 9 10*4 24*4 1*4 34 5 16 Jan. Jan. Jan. Jan. 30c 7 9 27*4 Sept. 22 Sept. 23 17 3 10 15 2 24 18 27 Jan. 6c Jan. 3 36 Jan. 8*4 5*4 16*4 14 k Jan. Jan. Jan. Jan. 30 10 Jan. 20 4 26 6*4 Jan. 17*4 Jan. 15*4 Jan. 8 8 3 15 30 4*4 Jan. 5*4 Jan. 0*4 Jan. 3*4 Jan. Jan. 2*4 Jan. 29 25 22 Dec. 28 Dec. 29 Dec. 28 June 21 Jan. 4 Jan. 4 Oct. 6*4 Jan. £ Jan. 6*4 Jan. 4k Dec. 5 4 1 Oct. 25 6*4 Sept. 29 14 *4 c Jan. 2c Jan. 19 k 17 k 9k 13*4 July 28 2*4 Sept. 20 £ 8 20 Mar. Jan. 28c Jan. Jan. 47k Jan. Jan. Jan. 3 k Jan. 15 Jan. £12 Jan. 20c Dec. 18 Jan. 5c Jan. 10 3c Dec. 12 14c 2 2c June 28 4c 10 Jan. 11 47k Jan. 15 £172*4 Jan. 8 27 k Jan. 12 16 5k Jan. 30 12 23 *4 Jan. 11 23 £21*4 Jan. 23 22 7 k Jan. 4 6 3 *4 Jan. 15 15 17 15 23 8 £13*4 £31 *4 £82*4 i25*4 24 4*4 Jan. 15 13 7 Jan. 13*4 Jan. 1*4 Jan. 3*4 Jan. £23*1 Jan. 9*4 Jan. £28 3 19 23*4 Oct. 9 3*4 Aug. 23 3*4 Dec. 6 12 k 19k 83*4 21 *4 4k 7 24 8 Jan. 3 14*4 Jan. 1*4 Jan. 19 Jan. 24 4 3 17 £24*4 Jan. 29 15 10 k Jan. £30*4 Jan. 3 26 Jan. 22 7*4 Jan. 27 8 38 51k Jan. 4*4 Jan. Jan. 8 Jan. 15 45k Jan. 12 Jan. 5 8k Jan. 8 40 3 3 5 16*4 May 6 87kc Dec. 4 33*4 Oct. 18 4 Sept. 5 30 May 17 30*4 Sept. 12 45 3 Apr. 4 Dec. 27 13 k June 28 12*4 Apr. 11 19*4 Apr. 10 6 k Dec. 28 3 July 5 7 Nov. 2 4 24 38*4 Jan. 2 Jan. 4 5 Jan. Jan. Jan. 24 36 Jan. 35 k Jan. 24 12 £55*4 Jan. 2 31 Jan. 18*4 Jan. 25 k Jan. 9 Jan. 15 25 7 Jan. 3 k Jan. 7*4 Jan. *| Jan. 15 3 10 11 29 Jan. 8 Jan. 24 5 5 19 29 9 25 4 24 26 24 Jan. 19 29 jH 24k Jan. 5 Jan. 6 Jan. Jan. 1*4 Jan. 22 Jan. 25 £18*4 Jan. Jan. 15 £87 Ilk Jan. 17*4 Jan. 31 Jan. 11*4 Jan. 26 17*4 Jan. £81 24 24 6 1*4 Jan. 19k Jan. £18*4 Jan. 4 21*4 Jan. 7*4 Jan. 24 24 Jan. 26 7 k Dec. 29 33 k Aug. 23 40*4 Mar. 18 Jan. 16 11 29 8 22 28 25 8 Jan. Jan. Jan. 22*4 Jan. 21k Jan. (£) 5*4 Apr. May lk Apr. 3 k Dec. 21k July 4*4 Aug. 11 11 12 1 24 22 Mar. 31 Dec. 13 Aug. 25 Dec. 27 Sept. 6 July 6 Jan. 36*4 4k 36k 35k £50*4 3*4 20 42 ^Dec. Jan. 45 k Jan. 20 Jan. 1 Jan. 24 1 10 10 Aug. 18 Aug. 9 2 k Jan. 2c Jan. 16 9 Aug. 10 Jan. 20 Sept. 6 18*4 Jan. 4 42*4 July 22 58 Sept. 14 152 Apr. 12 168 Aug. 4 21*4 June 29 39k Sept. 5 3*4 Apr. 11 8k Sept. 5 23*4 Dec. 27 23*4 Dec. 21 80 I 4 9 Jan. Jan. Jan. Jan. Jan. 9 25 7 9 Jan. Jan. 18 22 £26*4 Jan. £70*4 Jan. £23*4 Jan. £ 30c 3 16 23 6c Dec. 26 Oct. 19 2J4c Jan. 11 £21*4 Jan. Dec. 15 6c 1 30c 4*4c.Jan. 11 l*4c Jan. 29 10 Dec. *4c 2*4 Jan. 23 10 9 13 4 25 3*4 Jan. 10 *4c 2 13 6 23 k Sept. 18 11c 1 5 8 30 5 Jan. 3 29 k 34*4 34 k 2154 33k 254 45 k 10*4 5*4 8k 8 22 16 10 May 12 29*4 Dec. 30 45*4 Aug. 3 2*4 Apr. 18 15k 12*4 1 3 3 Dec. Sept. Sept. Mar. June Sept. Mar. July Aug. Dec. Sept. 7*4 17 18 32*4 Jan. 4 35 21 Jan. 6c 25 Nov. Aug. Sept. Aug. July July July 10*4 Jan. 3k Jan. 8 Dec. 7k Jan. 48*4 Aug. 33 Sept. 13k Nov. 8 22 2 Jan. £ 35 Nov. 30 12 9 1*4 1*4 19*4 18 34 83*4 83*4 11*4 Sale 16*4 17*4 2 30 14c 13 Jan. 6 21 21*4 8 6 20 Jan. 8k Jan. 1*4 Jan. 8k Jan. 11 5 13 51 3*4 Sale 31 51k Jan. 74 6th 7 Jan. Jan. J an» J an. Jan. 6 91 11*4 1*4 Jan. 34 6 47 Sale Jan. 15c 26*4 Jan. 5*4 Jan. 89 7*4 39 £167 k Jan. 46 7 6*4 8 12 27 24 5 34 68 5*4 50 2 18 171 15*4 12*4 30*4 19 16 Feb. 29k Jan. 28*4 Jan. 34*4 Jan. 2)4 lc 4 7*4 Jan. Sept. 20 6*4 June 9 Oct. 17 22*4 Aug. 5 Sept. 1 10 k'Mar. 7 Sept. 2 11*4 Sept. 14 3 k Jan. July 7 6 June 15 38*4 Dec. 14 Jan. 26 *4cJan. 5*4 21*4 23*4 6 7 4 k Oct. 28*4 Jan. 10*4 48*4 5*4 20*4 22*4 6*4 17 Jan. 6 31 Jan. 44 50c 8 34 c . Jan. 6c 5c im 85c 5*4 19*4 7 k 4*4 3 8 30 23 34 16 12 3 11 16 27 2c 47 k 3 7 6 43 Jan. 31*4 Jan. 37*4 Jan. 49*4 Jan. 4 19 12c lc 20c Nov. 9 10c 1*4 *4c 13 35c 33*4 Jan. 10 £ 15c 5c Dec. Jan. Jan. 10 5 18 3*4 15*4 2*4 10c 20 Jan. 8 "3*4 4*4 15 11 Sept.13 Feb. 13*4 Jan. 2k Jan. 27 Feb. Jan. Mar. 14 19 5 3 Apr. 25 4c 5c 12k 12k 10*4 34*4 34*4 31*4 30 18 31 34*4 13 24*4 2*4 37 9*4 Sale Sale 14*4 9*4 Sale 5*4 ah 2*4 7 5 4 30c £11*4 Jan. 7 Sale 46*4 Sale Sale 9 25c 24 7 9k Apr. 8 11*4 Apr. 18 9*4 Apr. 18 28 Apr. 8 29k Sept. 16 26k Sept. 16 27 k Jan. 26 Jan. £44 34 16*4 15*4 2*4 Jan. 4k Mar. 60c Apr. 5*4 Jan. 55c 18 25c *4 Apr. 28 36 k Feb. 1 8 Jan. 3c 2c 28*4 Ilk May 16 14c 25c 24*4 Jan. 2J 5 June 30 6 4k Jan. 3 7*4 1*4 7 *4 4 *4 Sale 44 5c Dec. Jan. 10c 31 2*4 Jan. 38*4 Jan. 24 Sale 2 16 Jan. 9 24 Jan. Jan. Jan. Jan. 8c Sale, Feb. 2*4 Jan. Nov. Jan. 12 48*4 3234 11*4 Sale July 25 18 k Aug. 24 1*4 Apr. 11 lk Jan. 5 39c June 12 lk Aug. 28 25c Apr. 25 7 41c 16 Jan. 5*4 47*4 3134 11*4 6*4 29*4 5c 20 12 23 Jan. 34 1*4 27*4 18 16 15 22 23 1.40 Jan. 2 k Jan. 22*4 Jan. Ilk Jan. £12k Jan. 30k 35*4 47*4 5k Sale 1* 3534 8)4 5*4 16 34 13*4 32 18 8 34 oVA Sale 45c 15c 1*4 5 23 41c 8 8 24, 3*4 22 33*4 Jan. 20c 7*4 25 k Sale Jan. 4 12*4 Sale 39*4 33*4 12*4 2*4 *4c 6c 8 . 8 22*4 Jan. 5*4 July 75c Aug. 10c Aug. 2c Apr. 8k Oct. 9 11 21 7 15 6*4 Jan. 16 5*4 37 6 k 9 27 Jan. Jan. 37*4 Sale 2*4 33 Jan. 4)4 Jan. 36 29*4 10 2k Jan. 50c oOc 10c 35*4 33*4 34*4 13 15 11*4 Jan. £12*4 Jan. 34*4 31*4 7*4 Jan. 40c 34 ' 33*4 34 30*4 Sale "25c" Jan. Jan. 5 \VA::::: Sale Apr. Aug. 24 9 May 4 9*4 June 23 35*4 Mar. 8 42*4 May 11 11c 40c 33*4 2c 9 3 70c 34 12*4 32k Jan. 2k Jan. 4c 15c 32 6 45c 12*4 30 10 1 11 lc 11*4 7*4 1*4 1*4 7*4 Sale 5 k 5*4 46*4 tl* 12 Jan. 4c 52 kc 8c 10c 20c 27 22 10 2 8c 40c lc 1*4 * 11,302 Kennecott Copper Corp * * 6,567 Loew's Inc 15,415 Montgomery Ward & Co * 500 Mountain City Copper Co 5c ♦ 44,702 New York Central RR ..1 62,733 North Amer Aviation Inc 10 12,947 North American Co * 3,471 Ohio Oil Co 9,804 Packard Motor Car Co 1 5,779 Paramount Pictures Inc 371 Pennsylvania RR Co 50 Radio Corp of America Radio-Keifch-Orpheum Republic Steel Corp.. 15c 47c 6c 12c 8 27 24 28k Jan. 2)4 Jan. 4*4 Jan. Ik Jan. 22c 12 siH 3 40c Jan. 8*4 Jan. 10 22 Jan. Sale !9*4 13c 7c OOc 2k 12 Corp.* 155 Graham-Paige Motors Corp. 8,913 International Nickel Co 7,559 International Tel & Tel 50c 17 9*4 Jan. 8*4 Jan. 30*4 Sale 4k 4*4 .14* 31 10k 8k 9c 21*4 30~~ ~31*4 * ♦ k 7k 20 150"" 1 General Electric Co General Foods Corp Goodrich (B F) Co 9 18*4 Continental Oil Co 5 Jan. 47*4 5*4 28c lOc" 17* 51* 2c 5 5 "4*4 "~8"~ 4*4 4*4 17*4 3*4 Jan. 49 h Sale 25c 10 Sale 43 2 2c 4c lH 10 7c 9 2k 30c 1 0*4 Jan. 4 6 1Vi t Jan. 30 52 .*4 c 10 33*4 33*4 30*4 35*4 48*4 Sale 8*4 24 k 42*4 43 lie4 \lH 23 £1 lc Sale 35 6c 43c 5*4 Jan. Jan. 2k Sale lc t £10c 8c 42c 50c 5*4 1 2*4 4*4 11 70c 2c Sale 2*4 4 Jan. 33 14c 9c 7c 03c 48c Curtiss-Wright Electric Bond & Share Electric Power & Light : 18 5*4 7c 5 6*4 Apr. 23 k Sept. 75c 1034 8*4 Sale 1 5 (Del) Corp... 25 : 10c ik 15c 5k 21c * Olciss A. Jan Jan. 1.10 Dec. 16 6 5*4 75c 9*4 7*4 10c 7*4 11*4 1*4 ' "18*4 2c 16*4 5 5,233 Commercial Solvents 11,550 Commonwealth & Southern 445 Continental Motors Corp Jan. Jan. 77*4cJan. 3c 8*4 15,575 Columbia Gas & Elec Corp 80c 37 "22*4 10 la 37 75c 10c 8k 2k 22 k .5 Highest Sale Prices 31 39 70c Sale 77 *4 c 85c Lowest Sale Prices Jan. Jan. 30 15 13 239 Cities Service Co For.footnotes 1939 Sale Prices 8*4 9*4 24*4 38*4 '9*4 Jan. 21*4 Jan. 34*4 6*4 200 Bethlehem Steel Corp (Del)..* 5,575 Borg-Warner Corp 5 1,577 Canadian Pacific Ry. 25 395 Case tJ I) ..100 5,744 Caterpillar Tractor * Sale 9*4 Sale 21*4 22*4 40c 3 1 17.235 Bendix Aviation 19,648 1,645 70,992 2,869 9,494 14,044 6,723 YEAR Highest 9*4 24*4 9 36c 25 150 Aviation & Transportation 536 Baldwin Loco Works v t c 225 Barnsdall Oil Co Lowest Sale Prices 8 Jan. 4 23*4 37*4 24 33*4 5*4 Armour & Co 1,715 Atlantic Refining Co 27,734 Aviation Corp (Del)...... 3,472 66,415 6,975 1,995 6,645 17,431 7,154 13,796 1 * common Signal Petroleum Co of Calif. 1 10,493 Sontag Chain Stores * 25 99,468 So Calif Edison Ltd com 1,128 Original preferred 25 45.046 6% preferred 25 5k % preferred 39,204 25 1,393 So Calif Gas 6% pref 25 17,518 6% Series A pref.. __25 100 99,463 Southern Pacific Co 77.764 Standard Oil of Calif _* 5,719 Sunray Oil Corp. 1 13,808 Superior Oil Co common 25 3,825 Taylor Milling Corp * 204,448 Transamerica Corp 2 128.931 Union Oil of California 25 10 13,399 Universal Cons Oil Co 2,079 Van de Kamps Bakeries. ♦ 1.50 7,773 Vega Airplane Co 3,176 Weber Showcase & Fix pref 21,527 Wellington Oil Co 1 173 Western Air Express Corp 1 700 Western Pipe & Steel Co 10 4,307 Yosemite Portl Cement pref 10 7*4 7 21k 7k 1*4 2 Roberts Public Markets 6 Jan. 31 Ask Bid 8 8 Bid 1.10 * _ Ask 5k 6k "2,393 2,965 293,100 165.200 81,350 5,895 RANGE FOR Price Jan. 3 7*4 Apr. 19 24*4 Oct. 9*4 Nov. 3*4 Dec. 4 6 12k Dec. 22 33 k Nov. 83 k Dec. 4 13 May 25 Sept. 29 80 Sept. 6 52k Mar. 8 ^Feb. 0 8*4 15*4 Sept. 12 FeD. 0 3k Dec. 22 fin Feb. 14 4 Nov. 31k Nov. 3 12k Jan. 19 $ 8fl 9k 45*4 45 *4 57 k 4*4 23*4 Jan. 19 Mar. 4 June 20 Sept. 13 Dec. 4 6 Feb. 27 Jan. Sept. 8 Mar. 18 Oct. 26 Dec. 20 Sept. 27 25 k Nov. 4 26*4 Mar. 10 10k Sept. 5 4k Jan. 13 k Jan. $ 6 3 S'i Nov. 30 [Sept. 13 June 29 Mar. 31 Jan. 3 23 Aug. 21 13 k Sept. 2 8*4 Mar. 8 2*4 Mar. 17 29 Sept. 21 22 k Oct. 26 79*4 July 18 14*4 Sept. 5 21k Mar. 3 AOGREOATE In 1939 1939 310 Corp (Del) 44% 11% 9% 2 580 210 487 694 489 25 .---25 9,404 Texas Corp.. 5,069 Tide Water Assoc Oil Co..—10 7,804 Union Carbide <fe Carbon-----* 8,262 United Air Lines Trans Corp__5 5 455 United Aircraft Corp 720 19 % 47% 14 % 90 % "40% * 3% United Corp (Dei)-U S Rubber Co 5,306 27,510 48,674 19,155 3,533 224 440 2,542 475 152 30 68% 6% 118% Highest Lowest Highest Sale Prices Sale Prices Sale Prices 6 7% Jan. Jan. Jan. 12 10% 2% 22% £46% £ 11 Jan. Jan. Jan. Jan. Jan. £88% Jan. 15% Jan. 48% Jan. 2% Jan. £41% Jan. 62% Jan. WA S Removed Sept. 8. 5% Dec. 40% Aug. (£) 6% Apr. (£) 17% Apr. 33% Aug. 9% Aug. 71% Apr. 14% Dec. 35 Apr. 2% Apr. 35 May 43 Aug. 3% Dec. 103% Mar. 1% Dec. 18 45% Jan. 43% 43% Jan. 42% 12 Jan. 10% 10% 9% Jan. 10% Sale 2% t 2% Jan. 1% 23 22% Jan. 22% 42% 143% Jan. 42% 11 Jan. 10% 10% 80% £80% Jan. 79* 15% Jan. 15% 48% Jan. 48% 47% 2% Jan. 2% Sale £35% Jan. 35% 57% Jan. 56% 3% Jan. 3% Sale 108 109 £106% Jan.. 2 £1% Jan. 1% t Listed M!ay 15, 1939. t Listed May 3. 1939. value. No par 44% 12% 9% 2% 22% 4 5* 21% 45% 10% 86% 16% 15% 48% 47% 2% 2% 40% iV* 67 66% 4 3% 116% 117% 1% 1% Sale 10 U S Steel Corp * Warner Bros Pictures ----5 Westinghouse Elec & Mfg—50 100 Willys-Overland Motors Inc__l — Sale Sale 6 1 47 Superior Oil 5,918 Swift & Co 10 Ask Ask Bid 7 Bid ♦ 25 —__* —1 Lowest Sale Prices Jan. 31 Jan. 2 Par 12,137 Standard Brands Inc— 7,102 Standard Oil Co (N J) 41 Stone & Webster Inc 29,211 Studebaker Corp 4,058 * UNLISTED STOCKS Shares 426 1939 Jan. 3 12 Months 3,378 YEAR Price STOCK EXCHANGE January RANGE FOR PRICES IN JANUARY LOS ANGELES SALES Shares STOCK EXCHANGE ANGELES LOS 66 Jan. 4 £117% Jan. £1% Jan. 21 12 7% Mar 50% Jan. (£) 11 17 11 10 Oct. 23 (£) Sept. Sept. Sept. Oct. Dec. 1 13 11 25 28 12 24% 16 49 22 14% 25 90% 15% 21 3 48% 3% 8 17 51 % 26 82% 28 6% 22 118 1% 22 Oct. 20 Feb. 6 Jan. 3 Sept. 12 Jan. 5 5 Oct. Dec. 22 £ Odd lots. Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON PITTSBURGH STOCK » January- _ Shares, 1939 Jan. lto.Deo.-31 — — 1,373,537 Jan. 3 12 Months 1939 BONDS STOCKS Shares 8hares Preferred 263 23 1,092 5,816 4,551 13,396 8,691 52 463 1,207 142 16,679 2,300 3,728 788 196 105,709 6,724 47,076 1,705 1,598 Preferred Carnegie Metals Clark (D L) Candy Columbia Gas & Electric-- 175 ""155 2,126 1,457 6,379 18,961 1,265 5,076 57,735 ""§55 2,626 100 Co-- Byers (A M) 30 Consolidated Ice Co Preferred Copperweld Steel New Crandall McK & Hend Devonian Oil Duquesne Brewing Electric 1,375 """15 264 465 1,180 408 59 150 25 "458 547 Products 2,117 Reymer & Bros common 1,412 Ruud Mfg. 60,377 San Toy Mining 50 25,950 Shamrock Oil & Gas Preferred 247 T.556 50 557 Preferred 770 Standard Steel Spring--- 6,633 United Engine & Fdy 2,340 United States Glass 355 Votiug trust certifs 4,248 Vanadium Alloy Steel 10,593 Victor Brewing Co 660 Waverly Oil Works A 27,709 Westinghouse Air Brake 8,105 Westinghouse El & Mfg 375 1,720 "651 134 Lowest Highest Sale Prices Sale Prices Jan. Jan. 9 112 Nov. 16 112 25 110% Jan. 25 110 July 9 113 18% Jan. 12% * Sale Sale 55c 6% 7% 75c 35c 30 30 Sale 22 40% Jan. 11% Jan. 27 13 Jan. 8 3 11 11 40c Jan. 5 12 Sale 12 50c 30c Sale 30c Jan. 6 — 5% Jan. 4 6% Jan. 5% 20 Jan. Jan. 26 25c 25c — 1 2 18 18% 16 12% 12% 11 5 8% 90c 3% 3 9 12 10% Sale 17 11% 25 *70"* 9 55c 4% 2% 75 84% 10 9% 60c Sale 10% 18 5 Jan. 8 11 Jan. Jan. Jan. 12 5 1% Jan. 18 12% Jan. 10 12% Jan. 1% 1% 88 Sale 9% Sale 5% Sale 1% 1% 7% 7% 2% 1 100 10 2% 5 lc 2% 1% 29 31 8% 5 20 Jan. 32% 35c 1 * 1 * 25 25c ik 84% Jan. 9% Jan. 2 12 10 Jan. 31 10% Jan. 3 88 5 Jan 1 % Jan. 6% Jan. 2 19 18 5% Jan. 1% Jan. 7% Jan. 31 3 9 12 12 20 2% Jan. 33% Jan. 5% Jan. 27% Jan. 18 10 Jan. 18 Jan. 99% Jan. 17 102 8% Jan. 6% Jan.' 18 1% 32% 1% 1% 34 5 1% Jan. 32% Jan. 4% Jan. 6 29 12 Jan. Jan. 2 4 .1% Sale 60c 75c 35c 4 • ———- lc 2c 2 1% Sale 65 50c 1% 2 5% Sale lc 2% Jan. 12 2 Jan. 12 5% Jan. 25 5% Jan. 30 2 6 Apr. 10 Feb. 6 Mar. 16 Mar. 16 5 June Jan. 6 Jan. Nov. ■2 65 80 Jan. Jan. 23 9 2% Jan. 10 Jan. 9 65 28 8 June 28 Mar. 11 Jan. 21 Sept. II Jan. 26 Jan. 3 Dec. 30 Jan. 9 Sept. 18 1 July 7% Apr. 10 Nov. 17 I?* Jan. Dec. Dec. 20c 30c 30 32% 30 Jan. 30c 20c 30c 20c Jan. 18 12 33% Jan. 25c Jan. 4 17 3 3 23% Sale Sale Sale 23% Jan. 106% Jan. 19 28% Jan. 23 117% Jan. 6 6 July 17 Sept. 7 Sept. 29 Oct. 19 July 26 Sept. 30 7 27% July 4 Apr. 10 6 July 11 Feb. Mar. 28 20 20 -Feb. 20 19 7 Dec. 1 Jan. 19 Jan. 1% Oct. 27 Jan. Apr. 10 May 17 22 3 13 I* Apr. 101 1 May Oct. 30 90* Apr. Sept. May 20 May 18% July 50c July 2 May 5 May Sept. 12 Sept. 13% Sept. May 116% Mar. "* Sept 32 Jan. 30 23 80c 3 8 2c Jan. 4 1% June 50% Mar. 75 26 20 12 7 12 4 Sept 20 Oct. 19 28 Jan. 25 Feb. 21 Jan. July 15 Sept. 13 Dec. 12 7% Dec. 12 7 40% June 35% Oct. 26 80c Sept. 19 75c Sept. 15 38% Sept. 25 Mar. Jan. 50c 55c 33% 26% 7 Jan. 25* 25% Apr. Sale 55c 27 Sept. 11 Feb. 17 Jan. Mar. 60c 1% 29% 118% July 3 24 1 4 5 Dec. 5 6% 6% 2 14 Feb. lc 2c 2 2c 8 Dec. Apr. 2i* 1% 32% Sale 29 Sept. July 90c 45 5% * 5 Oct. June 30 Apr. 10 10 5 Jan. 3 7 10 50 1 Jan. Nov. lc 8% Sale * 5 -1 Jan. 25% July 13 25 1% 60c 2lc* 16 Sept. 2 6 Apr. 6% Apr. 11 17% Jan. 11% Jan. 2 10 —— 25c 5 4 Feb. May May 8 5% Jan. 10 33% Sept. 6 8% Sept. 1 J* Apr. 11 68% Sept. 29 50c Sale Dec. 15 10 1% Jan. 16% 1% Sale 6% 7% 5% 7 Jan. 17 22 2 16 1% Sale 2% 19% 27% 26 10 5 18* 29 Sale Jan. Jan. 25c 1 5% 18% 1% Sale 12% 2 4 16% 17% 11% Sale Sale 14 10 5% Jan. 7% Jan. Jan. 14% Aug. 24 2 Aug. 112 2 Nov. 16 31 110% Dec. 21 3 15% Jan. 6 5 * 50 Jan. 2 10 5% Sale 6% Sale 7% Sale * 1 Jan. 7 30 Sale 10 10 5 2 30 Jan. Jan. Jan. 37 100 * * 10 3 Jan. * * * 10 21% Jan Jan. 11 1 * 15 112% 112% 37 Follansbee Bros pref Fort Pitt Brewing 665 Plymouth Oil Co. 3,495 Renner Co 250 113 --10 _* 10 73,909 Mountain Fuel Supply— 33,817 Nat Fireproofing Corp com.-5 * 1,397 National Radiator Corp 960 Penn Federal Corp common. - * 146 4%% preferred 50 1 5,794 Phoenix Oil preferred * 4,125 Pittsburgh Brewing-Preferred * 6,407 100 2,055 Pittsburgh Coal Co com Preferred 100 1,857 1 1,135 Pittsburgh Forgings 5 3,059 Pittsburgh Oil & Gas 25 3,727 Pittsburgh Plate Glass .* 19,112 Pitts Screw & Bolt Corp * 1,456 Pittsburgh Steel Foundry Preferred 100 115 4,100 3,492 Highest Sale Prices 110% Jan. Sale 27 100 * 70,316 Lone Star Gas__ 3,270 McKinney Manufacturing---* 5 90 Mesta Machine Co 13,607 Lowest 113 100 1 139 Harbison-Walker Refrac com.* 35 Horne (Jos) common 100 290 Jeannette Glass preferred 100 120 Jones & Laughlin St'l pref-.100 3,744 Koppers Gas & Coke pref.-100 1,646 Ask Corp— Preferred- Armstrong Cork Co Blaw-linox Ask Bid Par : Arkansas Nat Gas Bid 108% 12,623 Allegheny Ludlum Steel 390 Ask Sale Prices Jan. 31 Jan. 2 1939 Bid $ 8,000 Independent Brewing 6s_.1955 —1949 7,000 Pitts Brewing 6s •Wco 00 00 00 YEAR 1939 Price STOCK EXCHANGE fJanuary RANGE FOR PRICES IN JANUARY PITTSBURGH SALES $14,000 15,000 Jan. 1 to Dec. 31 AGGREGATE In 1938"" 1939 1938 1,195,872 - 1939 $7,000 January. 94,606 86,766 1940 Bond Sales— 1939 1940 Stock Sales - Sept. 22% Aug. 20c July 1 July 18 Apr. 83% Apr. 40c 3 Jan. 20 Nov. 28 37 Sept. 27 119% Sept. 12 UNLISTED 6,662 Pennroad Corp vtc 191 No par value, N. x Ex-dividend. 1 1% Sale - — 1% Sale 1% Jan. 22 2% Jan. 15 1% July 3 3% Sept. 2 In the earlier part of this he country, publication complete records of for the latest month and for the calendar General Quotations we combine in only those dealt in the on one year the dealings date, to on the leading stock exchanges of In this department of furnished. are comprehensive whole, securities of all classes and descriptions, inactive exchanges, but also leading unlisted and index to the different classes of securities Pag® Page Page Exchange Seats.. 84 Joint Stock Land Bank Securities........ 84 Railroad Stocks.. 92 Mining Stocks 85 Real Estate Bonds..__... Foreign Government Bonds 93 Municipal Bonds—Domestic. 92 Real Estate Trust and Land Stocks .... Industrial Bonds...................... 81 Industrial Stocks. 85 ........ ...... Insurance Stocks ...... .............. are as near as ..... Canadian Public Investing Companies Securities.......... 72 Quotations for all securities .... Utility Stocks.. Railroad Bonds possible for the ......,I„wr....l0l ...... .......... ....... Textile Stocks Title Guarantee and Safe Deposit Stocks. ........... no are Quotations for guaranteed stocks based on average 85 United States Government Securities..... 92 67 United States Territorial Bonds..... 92 ... closing day of the month preceding the date of issue. In the of the price, and of income bonds and bonds in default, the price is case designating mark is employed to indicate the fact. Quotations for equipment bonds 85 78 The letter "f" prefixed to bond prices denotes that the quotation is a flat price—that Is, that the accrued Interest forms part therefore the purchaser does not have to provide for it separately in making payment. always "flat," and 81 .... 73 ... 71 ............ ... 94 Public Utility Bonds....... ....100 an quoted: Federal Land Bank Bonds............... ..... not The following is securities. j i maturities. "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 are merely nominal, but in all cases the figures are obtained from which are considered reliable. sources The following abbreviations are often used, viz.: "M" for mortgage, "g" for dated "conv" for convertible, "s f" for sinking fund, The black-faced gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ "1 g" tor land grant, "opt" for optional. type in the letters showing the interest period indicates the month when the bonds mature. NOTICE—All bond prices are "and interest" except where marked "f" and Income and defaulted Bonds Bid RAILROAD BONDS Aberdeen AAaheboro 1st 5s'40JAJ f Adirondack 1st 4Mb 1942 gu MA8 Akron A Barb Belt g 4s 1942. JAD Akron Oanton A Youngstown— Gen A ref 6s 1945 series A. AAO / Gen A ref 5Mb 1945 ser B.AAO f Ask 25 JAD Alabama Tennessee A Northern— 1st mtge g 48, 40 39 39 Ref A gen 5s ser D 2000—MAS Certificates of deposit. Ref A gen 5s ser F 1996--MAS Certificates of deposit... Convertible 4Ms, 1960 FAA IX 86M 77 M 66 M i4ol* American Refrlg Transit— 1.75% 98 M 105 H 86 M 92 .JAJ mtge 5s '50.JAJ 42 f?* & Certificates of deposit Tol Cinn Div ref 4s A '59--JAJ Eq tr 4 Ms ser D 1941 JAJ Eq tr 4Ms ser El940-42.-AAO Eq tr 4Ms ser F 1940-44.-MAN Bangor A Aroostook— 1st M 5s g Jan 1 1943 JAJ 3.25 45 M 45 44 M 50 3.00 3.25 53 M 2.00% 2.25% 2.40% 100 99 M Cons refund g 4s 1951 JAJ stamped 1951 Ptecat Div g 5s Jan 1943—AAO Van Bur Ext 5s g Jan '43.AAO Battle Or A Sturgis gu 3s '89.JAD Bay City A Battle Creek— 65M 3s 67 Ji 95 94 94 95 95 75 M 10-yr coll tr 5s May 1 '45. MAN 72 Lota A Nashv 4s Oct 1 '52.MAN 65 M 2.00 74 66 1.50% 1.50% 2.00% Atlantic Coast Line of S O— Gen 1st g 4s July 1948—..JAJ Atl A DanvilK 1st 4s 1948 JAJ 95 98 40 40 M 2d g 4s 1948 JAJ Atlantic A Yadkin gu 4s '40.AAO Aug Term 1st gu g 6s 1947.. AAO Austin A Northwestern— 33 34 57 M 59 102 86 85 M 20 67 M 87 M 4Ms impt 1978— ..FAA 1st mtge 4 Ms ser A 1943.-AAO 3 Ms Jan 1 1951 JAJ Ref 3 Ms 1952 gu N Y O—AAO 53* 11* 51 53" 51 53 45 M 46 46 M 45 M AAO .....JAD 45M 44M 44 M 44 M JAJ 44M 45 Boston A Maine RR— 1st mtge 5s ser AO 1967...MAS 1st mtge 5s ser II1955 MAN 1st mtge 4 Ms ser J J1901—AAO 5a series AA 1944...... 5s series DD 1945 5s series FF 1947 5s series Q MAN 45 M 45 M 47 M 45 MAS MAN 45 MAS ...AAO JAJ 72 74 Buffalo Rochester A Pittsburgh— Con g 4 Ms 1957 .—MAN Certificates of deposit Buff A Susquehanna RR 36M 36M 39 65 70 5 5 6 ... 47 45 44 M 44 M 44 M 44 M Cambria A Ol'field 5s g *41—JAJ Gen M g 4s 1955 FAA Cambria A Indiana RR— Equip trust 2 Ms 1940-47—AAO Canada Atl Ry 1st 4s 1955—JAJ Canada South 5s 1962 ser A AAO Canadian National Rys— guar 2 Ex-interest. / This price includes accrued interest. * Last sale. 46 M II* 46 ' 45 M 45 M Ms 1946 37 M 16-year guar 8M 102 M 99 M 2.00 81 84 100M 1.50% 83 84 M 78 77 76 M 79 78 M 76 M JAJ MAN FAA 78 73 80 75 JAD JAD 75M 74 76M FAA JAJ 74 71 72 MAS 1950 3s 15-year gtd 1953 3s 15-year gtd 1959 4Ms guaranteed 1951 4 Ms guaranteed 1956 99 FAA 99 76 M 99 M H 100 4 Ms guaranteed 1957 JAJ 4 Ms guaranteed 1955 JAD 5s 15-yr. guaranteed 1954-FAA 99 Vs 100 M 89 100 M 5s guaranteed July I 5s gtd Oct 1 1969 5s guaranteed 1970 101 % 103 M 103 102 1969 JAJ AAO FAA Equipment trusts— 4Ms series J 1910-42...MAN 5s series K 1940-1944..MAN 4 Ms serie8 L 1940-1945.JAD 2Ms series O 1940-1947-FAA 2 Ms July 1 1940-1949 Canadian Nor deb 6 Ms *40..JAJ Canadian N W 4 Ms Oct 22 1943 Pacific Ry— 2Ms coll trust 1941 —AAO 3s serial coll tr 1940-41.._FAA 3s conv coll trust 1945.—.AAO 3 Ms conv coll trust 1951—FAA 4s conv coll trust 1949 JAJ 4s cons deb (perpetual) 4 Ms secured ctfs 1944 4Ms coll trust 1946. 4M» coll trust 1960 5s coll trust 1954. 6s conv coll trust 1942 g* n JAJ F&A FAA 3s guaranteed 1944 4Mb e 84 Corp— 1st 4s Dec 30 1963 JAJ Burl Cedar Rapids A North— Con 1st A coll tr 5s g '34..AAO Certificates of deposit Equip trust 5s 1944 6 Basis, 41M 3.25 101H 91 104 104 325 2.50% 2.50% 3.25 2 .ou 70 3.25 % 3.25 % 110M 110M 101 103 M Canadian 88 MAN 5s series Z 1943.........MAN Mtge 4Mb 1944--.. JAJ Mtge 4s 1942 FAA Mge 3s 1950 w* MAN 5s series U 1941.. 5s series V 1942 5s series W 1942... 18 3s 84 9M 43" 3s 15-year gtd 1952 3s 13-year guar 1950 JAJ JAD 6s series R 1940 5s series S 1940 5s series T 1941 86 84 M 90 8M 80 14 7-year 70 2.25% 3.00% 2.50% 2.50% 41 52 45" Boonvllie St L A Sou 5s '61.FAA ... FAA 3.25 3.75 3.50 3.50 Boston Rev Beach A Lynn— 1st m 4Mb Juy 15 1947—JAJ15 6s ext to Jan 15 1947 JAJ Boston Term Co 3M« 1947—FAA 4s1950 JAJ Buffalo Creek 1st 5s 1941 JAJ 1st ref 5s 1961 JAJ 40 38 Boston A Albany 5s Oct '63 1st mtge gu g 4s 1955 Bost A Prov deb 5s 2s guaranteed 1942 2s guaranteed 1943 Guar 7-year 2 Ms 1944 1.50% 58 85 M 15* 25 2.25 35 76 JAJ 25 15M 14M 1.00% 57 1st mtge gtd g 5s 1941 24 % 24 1.70 109 80 2.50 25 25 Equip tr 2Ms 1940-1947—MAS Big Sandy Ry 1st g 4s 1944—JAD Birmingham Southern— Equip trust 3Ms Dec. 1 1940-46 Birm Term 1st g 4b 1957 gu.MAS 75 JAD * 100 M 1.00% ~ Irred ctfs of indebt 5s a 24 I 105 M 97 2.00 26 24 JAD 4s June 1 A Dec 1 1940-49 4Mb 1940-1943 AAO 5s 1940-1944 MAN Boston ANY Air Line— July 1 1938 Belvidere Del cons 3 Ms 1943. JAJ Bessemer A Lake Erie— 96 114 b Equipment trust 4Mb-Eq 4Ms 1940-41 E (yr).-FAA b Eq tr 2M> 1940-52 AAO b Atlantic Coast Line (Conn)— 25 27 27 57 5s June 1942 73 I!* 24 109 H 108 93 Atlantic City 1st 4s 1951 JAJ 1st 5s sxt May 1 1954 MAN Atlantic Coast Line RR— 1st cons 4s July 1 1952...MAS Gen unlfser A 4Mb 1964-.JAD 52 M 103 lot M 6s 1944 ser B_ JAJ Atlanta Knoxville A Northern— 1st mtge gold 5s 1946—..JAD 1st cons 4s Mar 1 2002...MAS 67 M 53 M 52 M 24 MAN Certificates of deposit S'west Div 1st 67 1989JAD Bedford Belt 1st 5s 1938 JAJ f Beech Crk Ext 3M* 1951 AAO Belt Ry of Chatt 1st 5s *45—JAJ Atl A Blrm. See Seab'd Air Line Atlanta A Charlotte Air Line— A Certificates of deposit P L EAWVa Sys ref 4s*41 68 4s n* ser deposit Ref A gen 6s ser O 1995--JAD Certificates of deposit... _ 1944 4Mb 1939.FAA 11M Alabama A Vicksburg Ry— 81 1st M g 5s 1974 rieb A MAN 85 M Albany A Susq 3 Ms fit 1940..AAO Alleghany Oorp— 77 Coll tr conv 5s 1944......FAA 66 Ooll A conv 5s 1949 ..JAD 5s stamped 1950 AAO / 44 105 M Allegheny Valgen 4s 1942—MAS Allegheny A Western— 1st mtge guar 4s 1998—.AAO 59 M 1st M 4M! sec notes 107 M * 10M 3 Ms 1940-1944 SI** Certificates of Ask Equipment trusts— -66M 5-year Bid Boston A Maine RR (Cont)— July 1948.-AAO Ref A gen 5s series A 1995. JAD Certificates of deposit.. 107 M 2.50 Equip 5s ser P, G A H, 'dl-MS b Ann Arbor 1st g is 1995 45 M Q-J Ark A Mem Ry Bridge A Tor-m¬ ist M 5s 1964 MAS 95 Aroostook Nor 5s g 1947-.—AAO 92 Atchison Topeka A Santa Fe— Gen mtge gold 4a 1995 105 M AAO Adjustment 4s July 1 1995 Nov Stamped MAN Conv g 4s of '09 due 1955. AD Conv g 4s '05 due 1955.-JAD 92" Conv g 4s of TO due 1960. JAD 95 M Conv deb 4Mb 1948 .JAD 102 H Trans 8 L 1st g 4s 1958—JAJ Cal-Ariz lstAref4M8'62 opMAS 107 M 100 M Rocky Mt Dlv 4s 1965 AJ 1.70 Eq tr 2 Ms 1940-1949 MAN 6 Athens Term Ry 1st g 5s '37--JAJ f 25 Bonds Ask 78 1st mtge g 5s, July 1948--AAO Certificates of deposit 109 A...JAD Bid Baltimore A Ohio— 77 99 Alabama Great Southern— 1st cons g 5s 1943 ser 1st cons 4s 1943 ser B Bonds Augusta Union Sta 4s 1953—JAJ bonds. Nominal. r A 1940-1945 JAJ JAD MAS JAJ JAD MAS 81M 98 69 M 69 M 71 63 % 83 73 M 80 83 M JAJ 104M JAD 3.00 Payable in Canadian funds. RAILROAD BONDS 68 NOTICE—All bond price* are "and interest" except where marked "f" and Income and Quotations for all securities are as near as possible for the closing day of the month preceding Bid Caro Cent 1st g gu 4s OaroClinch & Ohio 6s 1949--J&J 52-J&D lo 50 f 110 .108% Adirondack-1st mtge guar g 4s 1981— Catawissa RR g 4s 1948 A&O Central Arkansas & Eastern ■ Bonds Ask 43 Bonds Carthage & 1st 5s 1940 Central Branch Union 52% 152% 103 20 Pacific¬ 25 16% ist 4s 1948-J&D Central of Georgia— 1st M g 5s Nov 1 1945——F&A 33 gold 5s 1945- —----M&N 5%s 1959 ser B-A&O 5s 1959 ser O—A&O Equipment trusts— a 4%s series P 1940---M&S 4%s series Q 1940---—M&N 4s series T 1940-1952—-J&J Chatt Div gold 4s 1951---J&O Macon & Nor g 5s 1946-—J&J Mid Ga & Atl 1st 5s 1947--J&J Mobile Div g 5s 1946J&J Oconee Div 1st 5s 1945—- J&D Cent New Eng 1st gu 4sl961 J&J Central of New Jersey—Gen M (now 1st) g 5s 1987-J&J 7% 3% 2% Cons Ref & gen Ref & gen 1.75% 1.75% 3.50% Eq tr 4%s 1940-'41 Guar g 67 1954—A&O F&A ~ 1946 1st 5s Chatt Rome & Sou 1st 5s '47 J&J 1944 1945 1946 notes, notes. 2%s 2s . . 103% 100% 101% 102% 4s M&N —J&D 1.65 1.70 1.70 0.50% 1.00% 1.00% 1.00% 1.00% 100 107 106 1?89_-------J&J 109% 111% 118 106 Val 1st 5s g 41-M&S 5s '55--F&A Chicago & Alton RR— Refunding g 3s 1949——A&O f Chicago Burlington & Quincy— 103 2% 14% 14% 1958----------M&S 1st & ref 4 % s ser B 1977 - F&A 1st & ref g 5s 1971 ser A--F&A Illinois Div 3 %s'49 op 29.J&J 4s July 1 1949 -J&J Eq tr 2 %s 1940-1947 A&O 90 Gen M 4s 81 87% 95% 99% 1.20% . Chicago & Eastern 111 (new colGen M 5s May 1951 M&N Certificates of deposit — 17 16% Chicago & Eastern Illinois— 1st consol 6s gold 1934-__A&O 82 M&N 1959.M&S 94 Equip tr 4%s "A" 1945--A&O Chicago & Illinois Midland Ry 1st mtge s i 4%s ser A 56 M&S 104% Chicago Indiana & Southern Ry—Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— 14 Ref M g 6s 1947 series A... J&J Ref M g 5s 1947 series B_—J&J 13 Ref M g 4s 1947 series O—-J&J 12% 1st & gen 5s 1966 series A-M&N 6% 1st & gen 6s May '66 ser B.J&J 6% 3.50 Equip tr ser E 1940-1944.A&O Monon Coal— Non-cum inc 5s 1955(w-s)___ / 12% Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O 63 Chic June RR 1st 4s 1945. .-M&S 106 Chic June Ry & Un Stk Vds— Coll tr ref 5s 1940— A&O 100% Coll trust ref 4s 1940 A&O 100% Chicago Lake Shore & Eastern— 1969 opt 1919.J&D Chic Milw St Paul & Pac :i!?h 27 4% RR— - ' 6% 1% 23% 21% 24% 24% " GenM4%s'87 stpd inc taxM&N GenM4%s*87 stpd InctaxM&N 15-year 6%s Mar 1936—-M&S 1st & ref os May 2037—-J&D b b b 4.75 / / / 12 f 15 / / f / 1st & ref 4%s May 2037 J&D / 1st & ref 4%s May 2037 O J&D / Oonvg4%s 1949 ser A...M&N / Equipment trusts— ■ 4%s series U 1940-43--M&N 5 4%s series V 1940-44—F&A 6 4%s series W 1940-44—M&S b 4 %s series X 1940-45--F&A b 2%s Dec 15 1940-1949 6 cons 103 26% 2.50% 1st cons 63% 18 16 "7" 7% 2.50% 15 49% 54 101 44 511 71 6% 5.00 (s-a)-M&S 51 50% 7 4.00« 783 11" 17 25 gold 4s 1950 J&J ref 4 %s '52 opt—M&N Proof of claim filed 96% 1.50' 99 Amended 1st 4%s 1982 con 2 Proof of claim filed j 110% 110% 65% 110% 110% 75 _ J&D 75 80 47 s* 62 65 50% M&N 100% 95% 106% 109% 105 104% 10% J&J 100"M 103 J&J ..J&J 55% 61 13 17 - 8 10 8 1948.J&D Georgia Carolina & Nor— Ext at 6% to July 1 1934-— / Georgia & Florida RR— 1st M 6s 1946 series A M&N 23 4s.- .- 80 81"" 58 60 89% 79% 90 80 72% 73 2.25 1.75% 5 2% 2% Certificates of deposit Georgia Fla & Ala 1st 6s '52.F&A Georgia Midland 1st g 3s *46.A&O Ga RR & Bkg ref 6s 1951—A&O 4s Jan 1 1947 J&J Ga Sou & Fla 1st g 5a 1945 J&J Deb 5s 1952 —A&O 5 113 100% Goshen & 109 10244 J&D *41 Girard Point Sfge 100" , 106% 108% 105% Dodge Des Moines & Sou— 1st 5s 1938... Fort St Un Dep Det 4 %s Genesee River 6s 1957 Ga & Ala 5s Oct 1945 Ga & Ala Terra 1st g 5s 101% J&D Fort 3% 2% 2 Certificates of deposit.. 5 ' 41 100% 45% 102"" 47 20 3%s '40—A&O Deckert'n 1st 5%s 1978 45 45 M&N 2nd ext 6s 1979 7 43 Gouvernour & Oswegatchie— 1st 5s 1942— J&D 27 Grand Rapids & Indiana— 104% 102% J&J 1st 4%s 1941 1st 3 %s 1941 Grand River Valley—See Grand Trunk Pacific— 1st M 3s 1962 J&J MIchig an Cen tral J&J 96 89 95 (Mountain and Prairle)4« 1955 87 (Lake Superior) 4s 1955 1st 4s Feb 15 '42 Alb gu.-M&N 101 93 103 Gen 4s 1962 Can Govt 106% 106 108 gu—J&J 15 1980-M&N 30% Deposit 4s 1940—F&A Columb & Hock Val 4s 1948. A&O Oolum & Toledo 4s 1955 F&A Concord & Claremont 5s '44.J&J 101* 91 Grand Trunk Western— 1950. J&J Eq tr 5s Dec 14 1940-*43 (yr)-Grays Pt Term g 5s 1947 J&D I960-Colo & Southern 4%s -J&J — Col & Pt Connecticut & Passumpsic 1st gold 4s 1st g gu 4s $ July 1 75 3.00 — 75 78 2.50% 86 Great Northern— l\iH 85 A&O 1943.—M&S 89 Connecting Ry (Phila)— 111 15 51-M&S 15 -M&S Consol Rys (N H) deb 4s '54-J&J Deb 4s 1955 -J&J Deb 4s 1955 A&O Deb 4s 1956 guar.... J&J Cuba Co extend 3s 1955 .J&J Cuban Nor Rys 1st 5%s, '42 J&D Cuba RR 1st g 5s 1952 J&J 7%s extended to 1946—.-J&D 6s extended to 1946-------J&D Imp & equip 5s 1960 M&N Danbury & Norw ref 4s 1955.J& J Dayton Union Ry 1st 4s *49-J&J Del & Bound Br 3%s 1955-.F&A 112 117 1951 11 16* 11 11 11 2 17% 3% 30% 35% 41% w* 32 ' 33% 33% 32% 14 36 43 96 59% J&J 91 83 4%s 1976 series D J&J Gen 4%s 1977 series E 81% J&J 100% Gen mtge 4s ser G 1946 J&J Gen mtge 4s ser H 1946 90% J&J 73 1 Gen mtge 3%s ser I 1967—J&J 1.80 Eq tr 2s 1940-1947 M&S 1.00 Eqtr4%s 1940 D(yr)_.__ J&J Western Fruit Express— 1.00 Eq tr 4%b 1940. J&D b Greenbrier Cheat & Elk— 1st 5s 1944. W J&J Va Midland Ext 5* '54-J&J Greenbr Ry 1st g gu 4s '40.M&N Green Bay & Western— Debenture ctfs A Feb 60 99 92 84 84% 101 91% 73% 1.20% 0.50% 0.50% 82 102 58 8% 8 48 50 86 Gulf Mobile & Northern— B A&O 80 1st 5s 1950 series C A&O 79% 1st 3.25 2.50% Equip trust 4s Apr 1 1940-'49— b Denver & Rio Grande— 9% 1st con g 4s 1936--——.-J&J 10% 1st con g 4%s 1936 J&J 114 28% Denver & Rio Grande Western3 2% Gen income 5s Aug '55—F&A 6 2% 2% Assented subject to plan.— 5% 5% Ref & impt 5s 1978 ser B—A&O f 6% 3.75 3.00% Eq tr 4%s 1940-*42 (yr)„M&N 1% 3.75 3.00% Equipment trust 5s—... 25% Denver & Salt Lake Ry—62 63% Inc mtge 6s Jan 1 1960-An Apr 21% 95% 1st 4s 1950 —---------J&J 25% Des Moines & Fort Dodge— 25 5% 3% Ctfs of dep for gtd 4s 1935-J&J 25 50 3.25% Des Plaines Val 4%s 1947--M&S 40 54% 4.00% Det & Mack 1st lien 4s 1995-J&D 35 25 2nd Mort. gold 4s 1995—J&D 4.00% 4.00% Detroit Terminal & Tunnel— 99 99% 1st guar 4%s 1961 M&N 12% Detroit Toledo & Ironton— 105 102% 1st 5s Mar 1 1964---J&J 14% 2.10 1.60% Eq tr 2%s 1940-1947 M&N 18% 15% Detroit & Toledo Shore Line—109% 107% 1st gold guar 4s 1953 J&J 14% 102 106% 92 49% Debenture ctfs B Feb---, / Guantanamo & Western— 1st M 6s 1958 series A J&J 99 Hudson— 1st & ref gold 4s 1943 M&N Delaware Lackawanna & Western Gen M 5%s 1952 ser Gen M 5s 1973 ser O 105% 98% Gen 42 1st M gu 48 Mar '41 .J&J B J&J 1st & ref g 4%s '61 opt Rivers 1943. Conn River gold 4s 30% Delaware & 107% 15% 2.00% 2.50% 101 Florida Southern gu 4s 1945.J&J Florida West Sh 5s 1934 J&J Fonda Johnstown & Gloversv— Gen ref 65 1st 5s 104% 3.25 y.i J&J 5s gold 1943 Eq 4%s 1940-'4l H 46% 64% 5s 4.75 4.75 13 14 "8% 16% 8% 8% 8% 3 ' 14% 17% llf 9 3% Piscataquis 4 %s '49—J&J Iron Range— 1st mortgage 3%s 1962-—A&O Duluth South Shore & Atlantic— 1st gold 5s 1937-..-------J&J Dutchess Co RR 4%s 1940--J&D Dext & 5%s 1950 ser Secured notes 3s 1941-1945-J&J Equip tr 2%s 1940-1946—J&D b Gulf & Ship Island RR— 1st ref & term g 5s Feb '52. J&J Stmpd (July 1 1933 cpn on). 80% 87 2.10 1.65% 93 85% — — Gulf Terminal of Mobile— East Penn 3.25 3.25 3.25 3.25 2.501 2.25% 1st 4s 1958—..M&S East Tenn & Western 2.25% 2.25% lst stamped 4s 1957 gu. J&J Harlem R & Portch—See NYN H & Ha 1st mtge Joy & Lane RR J&J Hoboken Ferry 5s 1946 M&N Hocking Valley 4%s 1999 J&J Holidaysburg Bedford & Cumb 1st M g 48 1951 guar— J&J Holyoke & West 4%s 1951—A&O Housatonic con 5s 1937 M&N Ext 4s n Nominal, r 1943 108 47 52 122 123 96 17 44 50 46% 48 14% 14% Hudson & Manhattan— 1st gold 5s 1957 opt F&A Adj inc up to 5% Feb '57-A&O 1st M 4%s 1957 conv F&A Huntington & Broad Top Mt RR & Goal extend 6s 1940 A&O f. Extended 5s 1940 A&O 47 4 % Illinois Central— 1st gold 4s 1951—----—J&J 1st gold 3%s 1951 J&J 85 85 13 80 88 91 85 12% 1st extended g 3%s 1951--A&0 1st g 3s sterling 1951 M&S Coll trust gold 4s 1952 A&O 107% 102% Ref g 4s 1955 opt 1918—M&N Pur liens 1st g 3%s 1952--J&J 85 |.25% k Last sale, rtford^ Harris Ports Mt N C—- 5s 1965-.---M&N g 70 60 Duluth Missabe & f This price includes accrued interest, 45% Spr & Col Div 4s 1st g '40-M&S White W V Div 1st 4s '40—J&J Cleveland & Pittsburgh— Ser A 4%s gen gtd 1942—J&J Ser B 4%s gen gtd 1942.-A&O Ser B 3%s gen gtd 1942.-A&O Ser C 3%s gen gtd 1948—M&N Ser D3%s gen gtd 1950.-F&A Gen & ref 4%s 1977 ser A.F&A Gen & ref 4%s 1981 ser B—J&J leveShort Line4%s 1961--A&0 levSand Terminal & Valley— 1st 4s gold guar 1995 M&N Cleveland Union Terminals— lstsf 5%s 1972 series A.-A&O 1st M s f 5s 1973 series B..A&O lsts f 4%s 1977 series O--A&O Clinchfleld RR— Equip tr 2%s ser A 40-52-M&S Coal Riv Ry 1st 4s gu 1945. J&D Coeur d'Alene& Pend Oreille Ry— __ b Basis. „ 18 15 „ 50-yr 5s 1975 series A F&A Conv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J / Gen g 3%s B May 1 1989-J&J / Gen 4%s May '89 series O-J&J * Gen 4%s May '89 ser E—J&J Gen M 4%s May '89 Ser F. J&J Equip trust 3%s 1940-53A&O 9-'43i Eq 4%s '40-'4o E & F (yr)_J&J Eq 4%s *40-'41 G & H (yr) J&J Eq tr 5s 1940 ser B (yr)--F&A Chicago & North Western— Gen M 3%s g 1987 M&N Gen M gold 4s 1987—.—M&N Stmpd non-pay Fed inc tax. _ Gen M 5s '87 stpd inctax.M&N 12% 4s 1940—F&A Clev Cine Chic & St Louis— 121 Chic Memp & Gulf 5s 1940--J&J Chic Milw & Gary 1st 5s '48-A&O 13% 1st 75 J &J „ Warm Spr 1st M 4%s g St L Div 1st col tr g 4s '90 105 Ohesterf & Lancaster Chicago & Erie 5s 1st g Chic Great West 1st 4s cons guar 14% Florida East Coast 4%s '59-J&D 1st & ref 5s 1974 M&S Certificates of deposit Ref & Imp 4%s ser E 1977-J&J C W&M Div 1st4sg'91--J&J _ 1940-1947----------M&S con g 1st 22% 19% 20% Florida Central & Peninsula— 105% 45 '43_J&J General 4s gold 1993 Gen M 5s ser B 1993 104% 104% 1.65 91% 107 Cleveland Akron & Columbus— 104 Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 1945—F&A Potts Creek 4s 1946- — -—J&J R & A Div 1st con g 4s 89-J&J 2d 89% / lstM3%sserD 1971 M&N 1st mtge 3%s ser E 1969--F&A 99% 99% 104% 99 1.00 91 A&O Cl'field & Mah 1st gtd 5s —-- 1945-1949 90 106% 105% 2.10 - is" 22% . M&N A&O Eq 4%s '40-'41 LL (s-a)_-M&S Eq tr 4%s 1940-*43 (s-a)—M&S Erie & Jersey s f 6s 1955 J&J Erie & Pgh g 3 %s B 1940 J&J 3%s series O 1940 J&J 106 1942 M&N Muskingum Valley— Eq trust 2%s 1940-52 Northern RR 1 st 4s 1951 J&J 70 57 56% J&J Ref & imp M 5s 1967 Ref & impt M 5s 1975 Cincinnati Union Terminal Co—• 99 J&J J&J 54 99% 105 -—J&J Equipment trusts—4%s series W 1940— 4%s 1940-1945 3s 1940-1946.-- 106% 106% 1st 4s 1948 F&A Cinn New Orl & Tex Pacific Ry— 124 1943—--—J&J notes, 106% M&N f om 51 51 stamped 1965 gold 4s 1953 ser A..A&O ' 1953 A&O Series D 1953 A&O Cincinnati Lebanon & Northern— 2.50% i* Series B 65% General 5s gold 1942 J&D Cin Ind & West 1st 5s 1965-M&N ~~94~ 28 , 75 61% 50% 1st consol gtd 4s Chattanooga Sta notes, 73 105 A&O Erie prior lien g 4s 1996 Gen lien gold 4s, 1996 Cincinnati Hamilton & Dayton— 65 4s 1957 gu--J&J Chesapeake & Ohio-— General 4%s gold 1992 - _-M&S Ref & imtp 3 %s D 1996--M&N Ref & .mpt 3 %s ser E 1996 F&A Ref & Impt 3%s ser F 1963 J&D notes. 1940J&J notes, 1941 J&J notes, 1942 J&J 5s 3.00% J&D M&S 1st & ref M 4%s D 1932--M&S Choc & Memph 5s 1949 J&J Choctaw Oklahoma & Gulf— Oinn & ——_"A&G - 4.50 _ South Carolina— Charleston^H^lerAOar^na— El Paso & Southwestern RR— A&O J&J Consol gold 5s 1952 104 106 1.50% Conv 42 3.00 67 100% 1st & ref 5s 1965 49% 14 1940-1944 (yr) _ b 81 105% 2.00 Eq tr 2%s Dec 1 1940-49-Elmira & Williamsporc— 1st 6s 1910 ext at 4% 1950-J&J Income 5s 2862 A&O El Paso & R I 1st gu 5s 1951-J&J 53% 1st mtge 3 %s ser E 1963---J&J Guaranteed 3%s 1951—M&S Chicago & Western Indiana— Consol gold guar 4s 1952.-J&J 63 102 1944—A&O Columbia Ry 4%s Elgin Jol & East 5s 1941...M&N 62% 1963—J&J Guar 4s 1944 1st M 4s series D 1963 1st ref 6s 1940-1976 Central Vermont Ry- Eq tr 5s Dec B ser 93 91% 106 Edmonton Dun vegan & British 7 Chicago Union Station— 18% 16% 1.50% 5s I960---- Central RR of Sink fund 3s 1st & ref g 5s Dec 1'60 opt Inc mtge 5s Dec 1 1960 46% European loan 4s 4o-----l»&J5 Gentraf RR & Banking of GarColl tr 5s ext'd to 1942—-M&N A&O Chic Terre Haute & Southeast— 6% (yr)—F&A M&N Eastern Ry of Minnesota— Nor Div 1st g 4s 1948. 75 Eq tr 4 %s 1940-1944 A&O b Chicago South Sh & So Bend— 7 Central Pacific— 1st ref 4s g guar 1949;..—F&A 1st g guar 4s Oct 1 5% 5% 6% f 5% 2% / 100% East Tenn Va & Georgia— Consol 1st g 5s 1956 Chic St Paul Minn & Omaha— 10 8 1987--———J& J Gen M 4s 14% 17% 5% 5% / f / / / Ask Bid Bonds Ask Bid1 Chicago Rock Island & Pac Ry— General gold 4s 1988 J&J Certificates of deposit Ref g 4s 1934optto 1911—A&O Certificates of deposit Sec 4 %8 1952 ser A M&S Sec 4% ser A certlfof dep. — 30-yr conv 4%s 1960 M&N Trustee ctfs 3 %s 1947 Chicago St Louis & N O— Con g 5s June 15 '51 J&D 15 Con g 3%s June 15 '51.J&D 15 Mem Div 1st 4s 1951 J&D defaulted bonds the date of issue Payable In Canadian funds. 68 46% 46% 42 47 RAILROAD FEB., 1940] NOTICE—All bond prices are "and interest" except 69 BONDS where marked "f" and income and defaulted bond* Quotations for all securities are as near as possible for the closing day of the month preceding the data Bonds 45 M 53 k 43 M 1 78 k 55 47 Eq tr 2ks 1940-54 Coll trust 3 Ms 1950 Coll trust 4s 1960 .J&J Atl K & Cin Div 4s 1955--M&N Mob & Mont 4 Ms 1.75 1.75 1.75 2.25 2.10 48 k 45 2.00% 1.00% 1.25% 1.25% 1.25% 1.75% 1 60% 105 103 80 100M 1st 5s & 61 6 lk b 2.75 25 -J&J / 4s *51 .M&S 6k 1k & 2.25% 2.25% 88k 1 85 90 66 Non-cum inc 5s '35 ser A Certificates of deposit Jamestown Frank & Gleartleld— 50M Joplin Union Depot Co— 1st g 4 Ms 1940 guar opt.M&N 1st M 5Ms 1954 series A—A&O Certificates of deposit 60 64 1st 5s 1956 series O Certificates of deposit 45 50 Minneapolis & St Louis— 5s ctfs of deposit 1934 lsJb refdg gold 4s 1949 101 1st 5s June 1 1944 J&D Kanawha Br & Ter 5s 1948.A&0 Kan a & Mich 1st 4s 1990--A&O Kan City Ft Scott & Ref g 4s 1936 guar. 52 105 107 88 Memphis— A&O / 31 Certificates of deposit / Kan O Mem & Bir 4s 1934.-M&S " Income 5s Mar 1934 30k Sept 1 1st M 4 Ms 1956 series D..F&A Certificates of deposit Equip trust 4 Ms Newport & Cincinnati Bridge— 1st M g 4 Ms 1945 guar J&J Newport & Richfor Is 5s 1941.. 5s 70 68 107 M 97 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR— list gold 4 Ms 1961 J&J J4Ms stamped 1961 J&J 4Ms plain 1961 J&J 1st mtge 4 Ms unguar 1961-J&J 1st cons 5s 1938 gu 2d M gold 4s guar 98 M 106 M ref 3 Ms 1997 1st mtge 5s 1954 Lehigh Valley— 1st gold 4s 1948 Con M 6s ann Irred 83 60 82 J&D 85 , 75 83 k 85 50" 40 109 87 b Illinois RR 4s 2 % 1ft 89 1.50% cons Mo-TUinois m m 45 J&D 66 M 4s assented 2003 M 16* 16 5s assented 2003 - Lehigh Valley Ry of New York— 1st 4 Ms gold 1940 J&J 4 Ms assented 1940 - Lehigh Valley Term 5s 1941 A&O 5s assented 1941. ted Lehigh & N Y 1st 4s 1945—M&S Lex & East'n lstgu 5s 1965--A&O Lincoln Park & Charlotte— 5s 1939 J&J Lltchf & Madis 1st 5s 1959.M&N Little Miami guar 4s 1962—M&N Little Rock & Hot Spr West Ry— 19 18 18M 43 46 43 45 k 51k 51k 32 M 117M 3.00 13 M 13 k 6k 3.50 1st gold 4s 1939 guar J&J Long Dock cons 3 Ha 1950--A&O Long Island— Unified g 4s. 1949 M&S Refunding mtge 4s 1949.-M&S 4s stamped 1949 M&S Equip tr 4 Ms 1941-45 (yr) .F& A 88 90M 88 k 90 Louisiana & Ark 5s A 1969 J&J 84 M Equip trust 3 Ms to 1946._ A&O 2.75 10 12 63 89 M 2.75 2.00% 84 k 2.00% Louisiana & North West RR—* 28 16M 17 M 16 1st mtge gold 5s 1946 J&J Louisville & Jeffersonvllle Bridge Guaranteed gold 4s 1945.-M&S 25M 106 36 G—M&N 16k 18"" F&A 16k 16 1M lk 1.75 2.50 3.00 2k 71 55 90 M&S / 27 k 28k M&S 31M Eq tr 4s 1940-1943 M&S Eq 4Ms 1941-1942 (yr)._J&J15 Montgom Div g 5s 1947—F&A 3.50 2.75% 3.50 19 k 2.75% 22 k 52k 53 k 99 k 40 Monon Coal—See Chic Ind & Lou Deb 6s Jan 15 *48 conv.. J&J15 Deb 4s May 1 1957 —M&N Deb 48 July 1 '55 non-conv J&J / Deb 4s 1956 non-conv M&N Deb 4s 1947 non-conv.-.M&S Deb 3M® March 1947 73 70 74 75 M 99k 19 19 M 5M 16k 16 M 17 k Deb 3 Ms 1954 non-conv Deb 3 Ms 1956 conv 15-year secured 6s 1940 1st & ref 4 Ms 1907 16 17 M&S A&O J&J A&O J&D Equip, trusts 3s 1940-1951 M&S 15 15M 18M 31M 19M 15 29 k 19k 3.00 2.00% 4Ms9-15-40to3-15-45M&S 15 4 Ms 1910-1946 J&J 3.00 3.00 2.00% 2.00% 2.50 1 5M 2k Gen M g 4s 1955 red J&D Pennsylvania & Ohio Prior lien ext 4ks. 1950..M&S / 50% 66 40 5k 3 New York New York Phila & Norfolk— Stock trust ctfs 4s 1948 J&D 84k 85 98 99 N Y Prov & Bos 4s 1942 A&O N Y & Putnam 1st 4s g 1993.A&O 78M Y Short Line 4s 1957——F&A N Y & Stamford 4s 1958—-M&N 100"" N Susq & Western— refunding 5s 1937—.--J&J F&A F&A Term 1st g 5s 1943 M&N N Y Westchester & Boston Ry— 1st M g 4 Ms 1946 guar—J&J / 1st 106M 108 120 125 M&S 40 J&J 87 Montgomery & Erie 1st 5s 1956— 1.5 rate of 4.8665. 70 48k 103 4.0 New York Monongahela Ry Co— t Secured interest at exchange 58 M 55 k 58 N Y New Haven & Hartford— 34 44 Constr'n 4Ms 1955 ser B.M&N Called Feb. 1 at 105. 13 98 80 New York Ontario & Western— Ref 1st g 4s June 1992 M&8 Mohawk & Malone— RR 1st 5s 1963 F&A Morris & Essex 3 Ms 2000 J&D Constr'n 5s 1955 ser A...M&N * Ilk 2000--M&N Fy 5s May 1946-J&D New York Lack & Western— 1st & ref 4s ser A 1973—.M&N 1st & ref 4 Ms 1973 ser B..M&N New York & Long Branch— General gold 4s 1941 M&S General 1st 5s 1941 M&S NY & NE Bos Ter 4s 1939—A&O 92 73 90 6 Basis, 43 k 44 k 41k 36 k 37 10 2d mtge 4 Ms 1937 Gen mtge. 5s g 1940 Norfolk & Car Norfolk Montour Payable in Canadian funds. 108 k 5s Har Riv & Pt Ches 4s *54 M&N N Y & N J Ferry 5s 1940—J&J M&S 1st mtge gold 5s 1939 105M 105 k N Y & Har 1st g 3 Ms N Y & Hob 90 61 Gen 6s 1955 -A&O Montana Wyoming & Southern— 105 90 16k lk 2k 1.00% 2.00% 2.25% 2k J&J J&J M&S 2002—.M&S 2.50 75 17" 78 M&N A&O 85 M&N / M&S / 17 k J&J J&J 1st mtge 4s ser A I960 53 k 79 RR— 1st 48 ext g 1947 16 — 1st guar g 4s 1991 Consol gold 3 Ms 8M 53k 3d mtge 4 Ms 1938 M&S / New York & Greenwood Lake— Guar g 5s 1946 M&N / 16 M&N / Secured 5ks 1939-1950—-J&D Equip trust 5s 1940(yr) -M&S Eq tr 4 Ms *40-'44 F (yr)..M&N Equip tr 2 Ms 1940-1949—F&A Mo Pac (old)—Gen 4s 1975.M&S / 3d ext 4s July 1 1938 M&N Montauk Ext 1st 5s 1945 108 k "17k 16 - Monongahela Sou 5s 1955 1st M gold 5s 1935 A&O / Louisville Henderson & St Louis— 16k 13 k 15 k 7k 2.50% 27 Certificates of deposit Ref & Impt 4 Ms 1977 Secured 5s 1938 107 70 2.00% York Connecting 2d ext 5s 1939... . 102 M 59 101M 82 M 63 M&S 1st M 4 Ms 1953 series A..F&A 1st guar 5s 1953 series B F&A New York & Erie RR— 75 16 Adj M 5s Jan 1967 ser A..A&O Eq tr 2 Ms 1940-1952 F&A Missouri Kan & Texas Ry Co— 1st gold 4s 1990 J&D Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A F&A 4s small 1945 Mobile & OhioGen gold 4s. 1938 1.25% 1.80% 1.75 2.50% New 72 64 Prior lien 4s 1962 ser B J&J Prior lien 4Ms 1978 ser D.J&J 54k 34 M 117 k k. 60 k lk F&A A&O 2.25 2.00% 2.50% M&S Missouri-Kansas-Texas RRPrior lien 5s 1962 ser A J&J Mobile & Birmingham— Prior lien 5s. 1945 5s small 1945 Gen M g 4s 1945—..... 10-yr 68 coll tr 4s 1946 3-yr 6s ext'd notes 1941 Equipment trusts— 2ks 1940-1947 2 A&O M&S 95 3.00 16k 16k Ref 5 Ms 1974 ser A Ref 4 Ms 1978 ser O IF IF 3.25 Certificates of deposit 1st & ref 5s 1980 ser H__.A&O Certificates of deposit 18 3 Ms 1998 F&A 1998—.F&A Spuyten Duyvil & Pt Morris— J&J 68 M 55 16 M&N 1942 tax-exempt--J&J M&S 1959..J&J 1st & ref 58 1981 ser I Certificates of deposit Conv g 5 Ms 1949 ser A 4s L S coll tr g IF 52 4s 1910-1949 16M 14M 16k IF 79 k 86 k M&N 58 k 3s 1940-1951 1st & ref 5s 1977 ser F—.M&S Certificates of deposit 16 k Deb 58 56 k 51M 57 M 103 Mo Kans & Okla 5s 1942 ser 90 40 47 67 J&D 2.25% 108 M C coll tr g 3 Ms 23 1st & ref 5s 1978 F&A 29 f 1940—A&O 5 - RR 1st 5s sec s 3 ks conv secured 1952 New York Chicago & St Louis 1st 3 Ms extend 1947 A&O IF Jan." 22 30" 2.75 New York Central & Hud Riv Ref g 3Ms July 1 1997—.J&J 7k 2M lk 5M 5M 33 30 k /28M 3 Ms 1959 J&D N Y Cent equip trusts— 4 Ms 1940-1945 M&N 2 ks Mar 15 1940-1952— 4M 4k 32 32 k 37 A&O 77 Bridge and Belt J&J 1951 10-year 3ks !i* 80 J&J M&S a* New York Central RR— 75 Equip trust 2 Ms 1940-1949F&A 87 k 75 Gen con gold 4 Ms 2003--M&N 4Mb assented 2003 con gold 5s 2003 gold 4s 1938 gold 5s 1938 int 1949 1st ref 5 Ms 1978 ser B 25-year 5Ms 1949. 84 k 88 Con M 4Mb ann irred J&D Gen cons gold 4s 2003.-.M&N Gen cons Minn Terminal 1st 3 Ms *50—J&J Minn Transfer Ry 3ks 1956-J&O 60 80"" 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 A 1935 A&O Kquiptr4MsG 1940-45—M&N Lehigh Valley Harbor Term Ry— Ref & impt 5s 2013 O 6k J&J / cons Missouri 50 1st mtge 5s ext at 3% to *47 J&J 2d 5s 1941 J&J Lake Shore & Mich South— g 74 M 73 <M 26 Cons mtge 4s 1998 ser A..F&A Ref & impt 4 Ms 2013 A A&O 12k 30k J&J J&J J&J J&J 1st 1st 107 M Lake Erie & Western RR— Cong 36 52 M&N M&S 1st ref 6s 1946 series A J&J 1978 ft* 32 _ Kansas Oklahoma & Gulf— M 12M « 100 99 F&A fk 34 41 Certiticates of deposit. Minneapolis Northfield & Southern Ry 1st 6s '41--M&S 1.25% 1.60% .. - 1st 11 k Minn St P & Sault Ste Marie— llty Sou 1st g 3s 1950..A&O '& Impt 5s Apr 1 1950.-J&J 3s F Jan 1 1941-1943 3s 19H-1946 J&J Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 J&J q tr IF Ref & ext 5s Feb '62 ser A.Q-F Certificates of deposit 1st 7s ext at 6% 1932 J&D 69 k 13 30 76 8M — 100M A&O Milwaukee & Northern— 1st g 48 1959 guar J&D Joliet & Nor Ind—See Mich Cent — 2k A&O 94 k 65 J&D J&D Mil Sparta & NW 1st 4s 1947M&S Mil&State Line 1st 3 Ms 1941-J&J ~2M 99 M 56 92 1st ext 4 Ms 1939 Con ext 4Ms 1939 60 26 M 69 k 71 1951--.M&S 104 37k 54 63 Midi RR 4% franc bonds k 23 70 Joliet & Northern Indiana— 106 ser 73 36 J&J Ref & impt 4Mb 52 ser A._ 60 B 1967—J&J Ref & ext 6s 2032 „ New Orl Term 1st 4s 1953--J&J New Orleans Texas & Mexico— k 1st 4s 1957 J&J Middlesex Val 1st 5s 1942—M&N k 68 J&J 5s .... 32 k J&J deb 55 1st 3Ms Sept 1 k k New Orl & Nor East 6s 1915 Extended at 5% 1940 M&N M&S Lansing & Saginaw 105 M See Michigan Central Jacksonville Terminal— r 1 Income 1959—-- 1M k 4s (Apr 1st 5s 1954 series B Certificates of deposit 1st & gen mtge 5s 1967—-J&J Ref & ext 5s ser A 1967—J&J 3M / con 50-year 1st 5s 1983 (Foreign series) 1960 _J&D Midland of New Jersey— ext at 5% to 1940 __A&0 Midland Valley 5s 1943 A&O Adj M Apr 1 *53 ser A Sept Adj 5s series B 1953 Sept... Gulf Ry 1st 5s 1951... ...A&O Jackson Lansing & Saginaw— k 1951 113 4s Asst(cash warr & coup)_1977 Michigan Central— Ref & impt 4 Ms 1979 ser O.J&J 1st gold 3Ms 1952 .M&N Grand River Valley— 50 1st 55 k 15 12 87 k New Orleans Great Northern— 78 65 2.75 Meridian Term 4s *55 guar .M&N Mexican International— 99 / National RR of Mexico— Prior lien 4 Ms assent cash CO 79 53 k 74 1st cons A 6s 1963 A&O M'shfleld & S'east—See Wis Cent 1st 4s Jackson k 43 77 b — 14 k 2 1.00% 1.50% k k k 100 93 M&N & Western Manitowoc Green Bay 1st gtd 3Ms 1941 k / / / 45 73 91 J&J Equipment trust 5s Equipment trust 5Ms Manila RR Sou Lines— 1 1 / / / scrip ret No 4 on '26 / 1914 coupon on) / April 1914 coupon off..1951 / Assent cash warrant and scrip receipt No 4 on 1951 / Naugatuck 1st 4s 1954 M&N f New Eng cons 4s 1945 gu J&J Consol g 5s July 1 1945 J&J / New Haven & Northampton— 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 / General 5s Jan 1 1938 f New Lon Nor 1st 4s 1940 J&J 71 Memphis Union Station Co— 1st g gu 5s Nov 1 1959—M&N 12 77 k _ 2nd series 1959 2.50 warr't & J&J J&J 1st mtge & coll 4s ser A *45 J&D Conv gen 4Ms ser A I960-J&D Secured 6s 1959 1st ser--J&J 90k !F 76 M 105 70 k 2.00% 68 b Assent cash warrant and 112 scrip receipt No 5 on 1977 Maine Central— Maryland & Pa 1st g 15 111k Savannah— 1947 Macon Terminal 5s 1965 1st 4s extend 1959 55 gold 4s 1950 J&J Indianapolis & Louisville— 1st guar 4s 1956 J&J f 10k Indianapolis Union— Ref & Imp M 3 Ms ser B *86 M&S 105 Internat-Great North Ry— 13 M 1st M g 6s 1952 series A—J&J Adj M Gs July 1952 ser A.April'/ 1M 1st M 5s 1956 series B J&J / ilk 1st M 5s 1956 ser C J&J Ilk Equipment trusts— 2.00 4Ms ser A 1940 — J&D b 2.50 4Msserie8 B 1940-1942.A&O b Internat Rys (Central America)— Purch money 5s 1972 85 J&J 1st M&S / Dublin Macon 6s 98 1945—M&S Ask | Bid Chattanooga & St 1st M 48 1978 ser A F&A 101% 98 M Eq tr 2ks 1940 1952 M&S 91k National Rys of Mexico— 87 M Prior lien 4Mb— 82 k Jan 1914 coupon on 1957.... July 1914 coupon on 1957 1.75% 101k July 1914 coupon off 1957 102 M Assent cash warrant and 106 scrip receipt No 4 on 1957. Gtd gen s f 4s (Apr '14 coup on) 85" April 1914 coupon off 1977— Ry joint Monon collateral 4s, 1952 J&J L & N Terra 1st g 4s "62 gu J&D 46 k Indiana Illinois & Iowa— Gainesville Southern 49 106 112 J&D 1938--J&D f 2.25 Pad & Mem Div 1st 4s '46.F&A 1.50 1st & ref g 48 1951 82 100 k 102 J&J St Louis Div 2d 3s 1980--M&S 2.50 Iowa Central 5s ctfs 87 b 52 M M&N F&A 97 k 90 k 1st & ref 4 Ms 2003 ser C„ A&O 1st & ref 4s ser D 2003—A&O 1st & ref 3ks ser E 2003--A&O 65 Indiana Harbor Belt RR— Jacksonville A&O ' 76 J&J J&J 101 .J&J Unified gold 4s 1940 1st & ref 5s 2003 ser B 54 k 44 k 81 f Issue Bonds Ask Nashville IF 4Ms series O, 1963 J&D Indiana Bloomington & Western— 1st ext 4s 1940 A&O / 1st M 5s 1972 opt 1st 1 & ref 6 Ms 1947 Debenture 4s 1961 Bid 67 M 63 111 Cent RR Co & Chic St L & N O RR jt 5s, A, 1963—-J&D Genl mtge 4s 1957 Gen mtge 4 Ms 1957 Bonds Louisville & Nashville— 1960.F&A Carlo Bridge 4s g 1950—J&D Litch Dlv 1st g 3s 1951 J&J Loulsv Dlv 3 Ms g 1953 J&J Omaha Dlv 1st 3s g 1951—F&A St Louis Div g 3s 1951 J&J Gold 3 Ms 1951 J&J Sp'field Div ext 3 Ms 1951 J&J Western lines g 4s 1951--F&A Equipment trusts— 3s ser R. 1910-1952 M&S 4Ms ser L, 1940. A&O 4Msser M, 1940-1941—M&N 4Ms ser N, 1940-1941—A&O 4Mb ser O, 1910-1942---J&J 4Ms ser P, 1944 A&O 4s ser Q, 1940-1944 F&A 40-year 4ks Aug Ask Bid Illinois Central—(Concluded) Collateral trust 4s 1953 M&N Ref mtge 5s 1955 M&N c 2nd 5s 1946—J&J 10k 5 5M 42 "7" 45 M 6M 98 M Southern— 1st & ref g 5s '61 opt '15—F&A Certificates of deposit Norf & South 1st 5s 1941.M&N 1st gen g 5s 1954 opt J&J Norfolk Term 1st gu 4s '61-M&N Norf Term & Transp 5« '48-F&A f Price Includes a&crued interest. * Last sale, IF P 24 106 M 115 n Nominal. BONDS RAILROAD 70 bond prices are "and Interest" except where marked "t" and Income and defaulted bonds Quotations for all securities are as near as possible for tbe closing day ol the month preceding the date of Issue NOTICE—All Bid Bonds ^ 124% 80 Northern Ohio Ry 1st guar — - - 112 M&S '74.M&S Nor Cent 5s 1974 ser A Gen & ref g 4%s ser A 1st M 4%8 1959 ser B 125 «. 107% 109 6s— 50 38% Apr 1 1936 & sub coups 1945-- f Oct 1938 and subs coupons '45- / Ctfs of deposit stamped— Apr '33 to Oct '34 cpns 1945- / Apr '33 to Oct '38 cpns 1945- / 49 39 45 52 Northern Pacific— Prior lien g 4s Jan 66 Q& J 1997 40% 42% 54% Gen lien if 3s Jan 2047 Q&F r&j Ref & Imp 4%s 2047 ser A_J Ref & Imp 68 2047 ser B—J&J Ref & imp 5s 2047 ser O—J&J Ref & imp 5s 2047 ser D_ _. J& J 44 _ 48% 0.50 % 3 00% 2.00 — . 1.50% 1.50% 10 _ 81 78 28 30 32 34 90 Ogdensburg & Lake Champlain— 1st guar g 4s 1948 -J&J Ohio Connecting 4s 1943—M&S Ohio & Little Kanawha 5s *50 M&S 8 107 60 4 Colony RR 4s 1938——J&J 5 O • 80 80 *42serAM&S15 / 67 70% 103% 106M l2l* 63 53 A&O 57 ___ Rutland 4 Ms 54 61 56 59 108% 113% 113% 117 M 100% 106% 96% 96 85M 87% 84 M 98 1.00 114 97% 96% 2.15 6 Apr 1 f n« St Louis 1st g 4s M&r 57% 2.50 Equip tr 4%s 1940-1945-.M&N b E quip tr 2 % s 1940-1947 M&N b Equip trust 2Ms l940-'46.-J&J b Perkiomen RR ext 3 Ms 1951-J&J 114% San Fran Term 1st 4s 112% 108% 107% Santa Fe Prescott & 6 1st gold 4s 6% 4Ms series B 1942 4 Ms series C 1942 - M&N 4s series D 1945 6 95 107 % 109 108% 111M F&A 108 116 b Basis. 109 115M 105% 105% 98 15 1949—F&A A&O f - f 109% 117% 105% 106% 98% 20 cons 1st g 4s May 1 1933 — _M&S Seaboard-All Florida Ry— 6s ser A ctfs of deposit 6s ser B ctfs of deposit ------Seaboard & Roanoke 5s 1931.J&J Seacoast RR prior lien 5s '48. A&O Lewisb'g—„ -J&J Shrev Bdg & Ter 5s '55 gU-_-F&A Sioux City & Pac 3 %s 1936.-F&A Somerset Ry 1st & ref 4s '55--J&J 1st M 4s July 2 1950---—J&J 39 South Bound RR 13% 13% 1% 5% 4% 7% 6% 6 65% f 12.' f f f 3 2% 39 75 Shamokin Sunbury & 2d ext'd 5s 1945 93 72 f 1st 5s 1941 A&O f 42 45 72 16% South & North Alabama— 102% 109% 45 Gen cons gu g 5s 1963 Southern 111 & Mo Bridge 1st M g 4s 1951 A&O Co— 119 M&N k Last sale, n Nominal. r 20" - - - 8 38 14 85 95 35 10 75" 114% WM 90 98% 115 91% 92 110 97 102 Gen & ref 5s 1980 ser Ann Mar B—A&O C.-A&O D J&D ser ser Equipment trusts— 4%sserHH 1940 4 Ms ser JJ 1940-42 4 Ms ser A1940-43 ser M&S b A&O b j.F&A b 65" 63 67% 67% 67% 1.25 2.00 2.00 M&N b 2%sser D 1940-52 2.00 J&D b M&N b B 1940-43 4 Ms ser C 1940 44 2.10 2.25 Tex Pac-Mo Pac Term RR— 1st M g 5Ms 1964 M&S Toledo Canada Southern & Det— 93 J&J 75 1st 4s 1956- Toledo & Ohio Central— Ref & imp M 3%sser A Mary^ '60 J&D 87 Div 1st 4s 1951F&A 60 Toledo Peoria & Western RR— 1st mtge 4s ser B 1967 Toledo St Louis & Western— J&J 99 108 63 1st g gu 4s 1942 ser O M&S Hamilton & Buffalo— 105 1st gold 4s June 1 1946-.-J&D Consol M 4Mb 1966 ser A.F&A 96 Transylvania RR 1st 5s 1956-J&J Union Depot (Columbus, Ohio)— Gen 4 %s 1946 —J&J Union Pacific— 58 107% 99 98 105% 109 35-year 3%s debs 1971--M&N 34-year 3 %s debs 1970---A&O Eq tr 2%sserE l910-'52-_J&J Union RR (Penn) 1st 5s '46-M&S Deb 6s 1946 M&S 110 Union Terminal Co (Dallas) — 1st mtge3%s 196? F&A United N J RR & Canal Co— 1st 4Ms Sept 1 1979 M&S 13% General gold 4s 1944 M&S 14% 1st 4s Sept 1 1948 M&S 1% 1st 4 Ms Feb 1 1973F&A 5% Gen 1st g 3%s 1951 M&S 5% 7% Vandalia RR 4s 1955 ser A-.F&A Series B 1957 M&N 7 Vera Cruz & Pacific RR— 6% 1st mtg g 4Ms 1934 67 J&J / July 1914 coupon off—J&J / Cash war & scrip ret No. 5 on / 16 Vermont Vail 1st 4Ms 1940--A&O 3% Vicksburg Bridge Co— 1st s f 4-6s 1968 M&S 3% 42 Vicksburg Bridge & Term Co— 1st M a f 6s 1958 M&S f Debenture s f 7s 1948 M&S / Vicksburg Shreveport & Pacific— Pr lien 6s '15 ext 5% '40--M&N Gen 5s May 1 1941 45 M&N 48 ref & impt 5s 1973 M&N Va & Southwest 5s 2003 J&J 1st cons g 5s 1958 A&O 17% Virginian Ry 3%s A 1966..M&S 122 Eq tr 4%s 1940 (yr) J&J 102% 78% Payable in Canadian funds. 70 51 105 • 1st ry & land gr 4s g 1947--J&J 1st & ref 4s June 2008 M&S 1st & ref 5s June 2 2008--M&S "69 — 17% J&D 108 /"This price includes accrued interest, 70 116 5% secured notes 19$1 F&A f Receiver ctfs 3-3 %s '45—F&A Atlanta-Birmingham Div— 103% 4Ms series I 1963 F&A 4Mb series J 1964 M&N Gen M 5s 1970 ser A J&D Gen M 5s 1975 ser B A&O Gen M 4Mb 1977 ser O—J&J Pitts Shawmut & Northern— 1 70 72 Toronto 109% 78 92 5% 102% 77% 6s 1945 ser A—M&S f Certificates of deposit-.- --- f 105 _ 1.00% 1.75% F&A 1st M 5M8 1950 guar 7% 56% 1989M&N 1959 opt Certificates of deposit 1st & 105 6% receivers' ctfs 1927 F&A Pitts & Shawmut 5s 1959—J&D Pitts Shenango & Lake Erie— 1st gold 5s 1940 A&O Cons 1st g 5s July 1 1943.-J&J Pitts Term RR & Coal 5s '42- J& J Pitts Va & Char gu 4s 1943_M&N 17% 9% 0-J&J '74-J&J f g 4s '53 opt M 5% Val— Ref gold 4s 96 1027 J&D M&N - w* 30 92 f f f Stamped 117% F&A 3Ms series E 1949— 4s series F 1953 4s series G 1957 4s series H 1960 2.00% 2.25% 2.50% 17 A&O —A&O 1950 s 4% Phoenix— Scioto Val & N E 1st 4s Adj mtge 5s Oct 1940-A&O A&O M&N 12% 11% 11% 75 __A&0 72% 70 1st gold 4s April 1 1950—A&O Tol Term 1st 4 Ms '57 gu—M&N Tol Walhouding Valley & Ohio— 85 1950--A&O 2.00 52 Texas City Term 6s 1941-J&J '26 Texas & New Orl 5s 1943 J&J Texas & Pacific Ry— St 1.50 2.50 Seaboard Air Line Ry Co— Co. Pitts Cin Chic & St Louis— Con g gu 4Mb ser A 9 -rrr-M&S Schuylkill & Leh 1st 4s 48-M&N & Northern— J&J 17 1st g 5s 1942 83 Pitts Bessemer & Lake Erie— Cons gold 5s 1947 57% 27% 114% 94 J&D 3.25 J&J 103 Phila Newton & N Y 3s 1942 A&O 3%s 1966 \lH San Antonio & Aransas 100 RR—See "Readl ng Philippine Ry 1st 4s 1937 J&J / Certificates of deposit f 3.25 58 109% 2.00 1.00% 1.25% 1.25% Texarkana & Fort Smith— 4s 3.00 M&S 1957 Ref & impt M 3%s B Gen & ref 5s 1979 10% J&J b Terre Haute & Peor 5s 1942.M&S 11% 97% 1st guar g 4s 1943 San Fran & San Joaquin 1st g 5s Oct 1 1940 1st extend 3s 1948 Tenn Ala & Georgia 4s 22% 11 -. b 1.50 Susquehanna Bloomsburg & 20% 11% 81 80 b Stephenville Nor & Sou Texas— 1st Mguarg5s 1940 stmp._J&J / Sturgis Goshen & St Louis Ry— 1st 3s Dec 1 1989 J&D Suffolk & Oar con 5s 1952 J&J f Sullivan Co RR 6s 1944 A&O 1st gold 5s 2000 2d 5s Dec 1 2000 Gen & ref 5s 1977 12 1934 Pass— 77 5s 1955-J&J f g 87% 57% 77% 57 J&J 1st 4s 1995 61 Pacific ext 1st 4s £ 1940—J&J St Paul Union Depot— Salt Lake & Ogden 5s 62 1996 J&J St Louis Div 1st g 4s 1951-J&J Spartanburg Union & Columbia— 11% 11% Salt Lake City Union Depot and RR 1st 5s 1938-. M&N 1.50 87 1st Mem Div g 5s 61 66 H 101"" 2.00 2.25 59 J&J 4s '56-A&0 Develop & gen M g Develop & gen 6s 1956 A&O Develop & gen 6 Ms 1956.-A&O Equipment trusts— 4%s series AA 1940-41-A&O 4s series BB 1940-1943.M&S 4MsseriesCC 1940-44--J&D Aiken Branch 4s 1998 J&J 59 1st guar 4%s 1941..; St Paul Minn & Manitoba— 1st & re: 5e 1972 2.65 Railway— 60% '47.-J&J / Short Line F&A / St Paul & Kansas City 1st ref g 4s 1955 opt 1910-J&J Stamped (Fed tax) 1955.J&J Gen ref 47 111 79% St Paul East Gr Tr 4 Ms 2.40 25 Term RR Assn (St Louis)— 1st consol gold 5s 1944—F&A St Paul & Duluth— 1.50% 1.50% 1.50% Phila & Chester Val 4s 1948. A&O Piedmont 9% 94 1968 J&D Mortgage 4s Dec 1 1996—J&D 2.40 Tavares & Gulf RR— 45 1st consol g 4s b 1.25 2.00 9% 8 104 Equipment trusts— 5s series J 1940 M&S 4%s series K 1910-1945-J&J 52% b b b b b b 9 80 128 J&J 45% Berwick RR 5s 1952 A&O 102 Tampa & Gulf Coast g 5s'53_ A&O / 5 Tampa & Northern RR— 5s (stamped 3s) 1936 J&J f 43 90 Tampa Union Sta 5s 1940.-M&N 33 Tampa Un Term 4-6Ms '53--J&J 83 M&N 1989 2.10 M&N Phila & Reading 6% 7% Southwestern— 82% 99% . J&D 1 9 2d g inc 4s Nov 1989 J&J 1st term & unif 5s 1952—J&J Gen & ref 5s ser A 1990—J&J 7 55 B..J&J M 4 Ms 1977 ser 4 Ms series D 1981 105% 30% 11% / Ijf J&J / 45% 45% Stark Elec RR 1st 7s 1952.—J&D f 19 Staten Isld Ry 4%s 1943 102 J&D 28% 11% Equipment trusts— 4 %s series BB 1940-41-F&A 4s series CO 1910-1943-M&N 4%s series DD 1940-45.A&O 86 68 2.25 Ry— 1st g 5Ms 1974 series A 106% F&A 53 Peoria Ry Ter 4s 1937 gu op.J&J f Pere Marquette Ry— 1st g 5s July 1956 ser A..J&J 64% Gen 104% 1 Certificates of deposit— Peoria & Pekin Union Gen % Cons in 4 %s 1978 ser A—M&S Certificates of deposit stpd_. 107% 2.15 M&N A&O T&A C„ J&J 102% 49" 40 Certificates of deposit Prior lien 5s 1950 series B-J&J 101% 40-year 4%s 1968.. M&S 50-year 4 Ms 1981 M&N 4 %s 1969 with warr M&N 10-yr secured 3%s 1946 J&J Equipment trusts— 4%s series H 1940 J&D 4 Ms series J 1940-1942.- J&J 4 %s series L 1910-1944-J&D 4%s series M 19 IO-1945M&N 2 Ms Aug 1 1940-1954 2%sseriosN 1940-1951 M&N Pacific Fruit Express— Eq 5s 1940-1941 D (yr)_A&0 Southern Pacific (Golden Gate Ferries) 1st 5 Ms 1949 A&O Spok Internat 1st 1933-M&N Certificates of deposit 118 2.15 Gen 4s April 1 1960 Gen 5s 1974 series B 1.50 % St Louis Iron Mt & Sou— 113% 67% Phila Bait & Washington— 1st gold 4s 1943 57% 45 J&J / St L Peo & N W 5s 1948 51% 44% 48% _ 1st consol g 5s 1994 102 100% 103% 106% Bid Coll tr 4s (CP) Aug 1 *49. J&D 1st 4 Ms (Ore Lines) 1977-M&S , Southern 100% J&J J& 4Mb 1941-- Prior lien 4s 1950 series A_ b Phila & Bait Cent 4s 1951 72 100% '51--J&J St Clair Term RR 5s 1950.-M&S St Johns & L Cham 5s 1944-M&S St Jos & Grand Island 4s '47-J&J St Lawr & Adirond 5s 1996--J&J 2d gold 6s 1996 A&O St Louis City—See Pac of Mo 97 97% Oct 1 1940-1954-.A&O b cons 4s 1940--A&O _ con Bonds South Indiana 1st g 4s 1951.-F&A Southern Pacific Co— Southern Pacific RR Co.— 67 St Louis-San Francisco Ry— East C 67% 100 J&J J&J .f J&J / stamped 1941 Riv & Gulf Divs 4s b ser 60 Alton Bridge 1st g 4s 62 96M 96% ~5~~ St Clair Mad & St Louis Belt— 0.50% 1 75% 1.75% 1.75% 1.75% July 1956 ser 4 M&S / 1949 4s stamped A&O A&O A&O 85 Ry— 1st 103 105M 102M 105% 100% 102 Rich-Washington 4s 1943 J&D Kio Gr June 1st gu 5s 1939--J&D Rio Gr So 1st g 4s 1940 J&J 1st g 4s guar 1940 J&J Rio Gr West 1st 4s 1939 ^J&J 1st coll tr 4s 1949 opt A&O Rock Island Ark &'Louisiana— Penn Ohio & Detroit RR— 1980 _ M 4%s 1957 Rutl Can 1st g gu 4s 1949 2d consinc 4s 1990 99% 75 Rich Fredericksburg & Potomac— Cons mtge 4%s 1940 A&O 16 1st & ref 4Ms 1977ser 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 4s stamped 1948 M&N Con M 4 Ms gold I960——F&A Gen g 4 Ms 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 4%s 1981 ser D A&O Gen M 4%s ser E 1984 J&J Deb 4Ms 1970 —A&O GenM3%sserO 1970—A&O Oonv deb 3%s 1952 A&O 30-yr secured 48 1941-1964-J&J Equipment trusts— 4%s series D 1940-1941 M&N b 4s series E 1941-1949 J&J b 86 1st 5s 1942 —M&N Rensselaer & Sara 6s 1941.-M&N Richmond Term 1st 5s 1952 52 99 97 Delaware River Terminal— 13 10 Cons mtge 4Mb 1939 Cons 1st extend 4Ms'49 104% 81 1947---A&O Raleigh & Augusta Air Line— 1st 5s 1931 J&J f. 67 Ral & Gaston 1st 5s g 1947--J&J 9 Raleigh & 9'port Ry 5s '65-- J&D 100 Reading Belt 1st 4s 1950 M&S Reading Company— 56% Jer Cent 4s 1951 opt'06--A&O n Gen & ref 4Ms 1997 ser A__ J&J 72 Gen & ref 4%s 1997 ser B-J&J 2.00 Eq 4Mb 1940-'45 (s-a)—M&N Philadelphia & Reading RR— 101% Imp M ext g 4s 1947---A&O Extended 4%s Oct 1 1943— 102% Term 5s g gu May 1 '41 Q&F 103% "f Cons mtge 4s 1939Cons extend 4s 1949 106 Prov & Wore 1st 4s 106 J&D f Pennsylvania Company— 28-year secured 4s 1963—-F&A Gu tr ctfs g 4s 1952. M&N Gu tr ctfs g 3 Ms 1941 F&A Gu tr ctfs g 3Ms 1942 J&D Gu tr ctfs g 3Ms 1944 J&D Pa & N Y Canal con 5s 1939 A&O Cons 1st extend 5s 1949 A&O 110% Rich & Mecklenb'g 4s 1948.M&N Rich & Petersburg 4 Ms 1940 A&O 6% franc bonds (foreign series) 1956-— 106 M&N M&S Prov Sec deb 4s 1957 gu Prov Ter 1st g 4s gu 1956 1st guar 4Ms 1934 Rock Island-Frisco Term Paterson Extension 5s 1950_ J&D 4.00 Portland & Rumford Falls— 5s 1951 M&N Potomac Val 1st gu 5s g 1941-J&J 119 111 Paris-Orleans RR— 1st g 4s 1st 4Mb 3.00% 3.00% 118 „ 2%s 4.00 116% Oregon-Washington RR & Nav— 105% 1st & ref g gu 4s '61 opt--J&J PaeFruIt Express—See Sou Pac— 74% Pac of Mo 1st ex g 4s 1938--F&A 2d ext 5s gold 1938 J&J / 70 72 Cardelet Br 1st 4Mb 1938-A&O f 72 St Louis City real est 5s '38 J&J 101H Paducah & 111 1st 4 Ms 1955-J&J Peor & 43 5% 111% 117% 4% Ore Short Line 1st 5s 1946--J&J 1st cons guar 5s 1946 J&J Paulista Ry 1st 7s 42% A&O %s 1960 ser O A&O Eq tr 3 %s Apr 1 1940-1946 Eq tr 2 Ms 1940-1946 J&D Pitts Young & Ashtabula— 1st gen 4s series A 1948 J&D 1st M 5s 1962 series B .'-F&A 1st gen 5s 1974 series O J&D 1st 4Ms series D 1977 J&D Port Reading lstgu 5s 1941--J&J Portl (Me) Term gu 4s 1961-J&J Guar 5s 1961 J&J 5% 4 J&D 1st M 4%s 1950series O—J&J Ore RR & Nav cons 4s 1940.J&D red to 45 1st M 4 Ry4%s'58AJ&D . 4% -—F&A 1st M 5 Ms 1944 1st M 5s 1945 series B 55 48 3.75 2.00 N'western Term RR 5s Apr 1977Norwich & Worcester 4Mb '47M&S Old 43 1.00 N'western Term Co 5s 1948-F&A , 66% 40% 45% Eq tr 4 Ms 1940 (yr)—M&S15 Eq tr 4s 1910-1949 -J&J Eq tr 2%s 1940-1947 M&S Eqtr 2Ms 1940-1946.——J&J Nor RR or N J gen 4 Ms 2000-J&J / North Pennsylvania RR— Gen g 3 3-10s 1953----J&D 43 40% 40% Pitts & West Va Norfork & Western Ry— 1st con 4b 1996-—A&O Norrlst'n & Maine 1st 4s '52 M&S Ask Bid Bonds Ask 113% 107 114% 95% 95% 1.90 116 118 102 118 110 112 118 109% 109 109 % 80 69 69 20 99% 98% 80 55 58% 106% 1.00 68% 68% 67% RAILROAD FEB., 1940] 71 BONDS bond price# are "and interest" except where marked **t" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All 19 25 (guar)-100 1948 41 48 Chesapeake Corp 15 Chesapeake & Ohio common—25 1234 42 li"34 1454 Hill (guar)— -50 Chicago Burl & Quincy 100 Chicago & Eastern Illinois— 6% preferred — ——100 Chicago Great Western com.-100 4% preferred 100 Chicago Ind'polis & Louisville 100 4 % non-cum preferred — 100 Chic Milw St Paul & Pacific— Chestnut 9 9 934 s 9 9 9 934 854 934 S 9 734 834 - -. - 109" 57 4834 5634 8434 1.00% 1.50% 1.75% 17* Wheeling & Lake Erie RR— 11434 lstconsol gold 4s 1949---M&S 1.70 Eq tr 234s F Nov 15 *40-'49 101 Wheeling Term 4s 1940 F&A White & Black River Valleylst 5s 1980 J&J / 4 Terminal 18 3.00% & Detroit 1234 1234 div ; 98 ^ I 934 1634 \VA 7 734 834 20 74 90 100 Albany & Susquehanna (gu)--100 Albany & Vermont (guar) 100 Alleghany Corp common * 69 71 534% pref (with $30 warr)_100 534% pref (with $40 warr)_100 534% pref (without warr)—100 2 34 % prior conv pref * Allegheny & West (6% guar) .100 Atchison & Eastern Bridge—100 Gulf Mobile & Northern 128 34 1034 9 8 9 15 69 72 67 143 19 22 Atlantic Coast L Co of Conn..50 20 22 Atlantic Coast L RR 1834 1934 Augusta & Savannah (guar) —100 30 Avon Gen & Mt Morris (gu)-100 Bait & Cumberland 7% gu—-50 66 Baltimore & Ohio common—100 100 com 50 100 50 Beech Creek (guar N Y O) Belgian National Rys Co— American shares partlc pref— Boston & Alb (guar N Y C)„ 100 Boston & Maine common Unstamped— 1st pref 5% class A 1st pref 8% class B 1st pref 7% class O 1st pref 10% class D 1st pref 4 34% class E 6% non-cum preferred 7% prior preferred Stamped— 100 85 234 134 100 100 M 834 100 2 5% class A 100 8% class B --100 1st pref 7 % class O 100 1st pref 10% class D 100 1st pref 4 34 % class E 100 6% non-cum pref stamped100 Boston & Providence (guar)-.100 2 Boston RR Holding pref—J—100 Camden & Burl Co (guar) 25 Canada Southern (guar) 100 3 50 100 100 70 3 134 42 45 67 70 88 - -- 55 - - * - 62 58 100 .. 153 1 234 234 2 M 234 — . 8 2 5 234 5 13 34 2334 1334 2334 50 55 4~~ Mississippi Central Mo-Kan-Texas RR 4 5% 19 25 26 42 434 5 Caro Clinchfield & O (guar)--100 8734 preferred Mobile & Birmingham— 4% non-cum pref (guar) conv 28 634 7 20 41 4234 200 175 3 34 334 104 - 3634 Common (guar) 100 Preferred (guar) 100 St Louis Bridge 1st pref (gu)_. 100 2d preferred (guar) 100 St Louis-Sau Francisco Ry 100 6% non-cum preferred 100 St Louis Southwestern 100 5% non-cum preferred 100 Saratoga & Schenectady (gu)-10( I Schuylkill Valley Nav & RR(gu)50* 60 17 500 50 8 24 62 3634 3834 36 38 100 100 Stony Brook (guar) __100 Sussex (guar DL&W) 50 Syracuse Bing & N Y (gu)___100 Tennessee Central 2 30 12 43 20 534 It* 21 66 1 234 1 334 /4e % & 53 5 3034 38 1 13 36 132 65 34 2* 4 90 34 34 60 28 1234 16 J4 2934 38 25 67 5 120 * 6 100 100 Union Pacific common 80 100 8* 45 132 9334 8634 239 Susq Val (gu) .100 50 Utica Clinton & Bingham (gu)100 Preferred (guar) 100 25 Valley RR (NY) 60 (guar) 100 Vermont & Mass (guar) 100 Vicksb Shrevep & Pac (guar) .100 5% non-cum pref (guar) 100 Virginian Ry— New common. 25 New Wabash 5% 5% 6% preferred 25 Ry 10 86 58 60 4554 3334 100 non-cum preferred A 100 pref B..100 134 non-cum conv Ware River (guar) 100 Warren N J (guar D L & W)_.50 West Jersey & Seashore (gu> —50 Western Maryland Ry 1st 4% non-cum com. preferred .100 100 2d pref Western Pacific RR 50 5834 * common preferred non-cum Utica Chen 20 p8 152 40 4% non-cum preferred.-- —100 United N J RR & Canal (gu)-100 80 34 134 10734 173 180 40 ._ — 734 2334 43 if* 7% guaranteed 100 Roch & Genesee Val RR (gu)-100 Rome & Clinton (guar) 100 Rutland RR 7% pref 100 Troy & Bennington (guar) 100 Troy & Gr'bush (gu N Y C) 50 Tunnel RR of St Louis (guar) .100 334 34 34 89 4% non-cum 2d pref 50 Rensselaer & Saratoga (guar). 100 Rich Fred & Potomac— Dividend obligations 100 Preferred Texas & Pacific Ry 470 18 115 260 64 Railroad Securities Co— \4% 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 1534 16 2 334 1034 2234 3034 100 90 5834 - 105 147 Mob & Ohio stk tr ctfs (gu)-100 Southwestern of Ga (guar) 100 35 18 66 100 Mobile & Ohio—See Southern Ry Montgomery & Erie (guar). —.10 Morris & Essex (guar) 50 100 Pittsburgh & Lake Erie 50 Pittsburgh & West Virginia.-.100 Pitts Youngstown & Ashtabula— 5% 60 900 100 100 50 RR)_100 Southern Ry common 5434 57 100 100 Phila Germ & Norris (guar)— Phila & Trenton (gu Pa 96 * com 100 99 4* .100 com 7% preferred series A 100 4-2% non-cum preferred 100 Shamokin Vail & Pottsv (gu)„50 Sharon (guar Erie) 50 Southern Pacific Co 100 5 60 .100 100 100 Peterborough (guar) Seaboard Air Line 39 700 Hav(gu)._50 Eastern __ Minneapolis St P & S S M— 4% leased line ctfs , & 9 2134 Rutland & Whitehall (guar) 100 St Joseph South Bend & Sou— —- 3 100 100 (gu)25 50 Prov & Worcester (guar) 134 100 Mill Creek & Minehill Nav Mine Hill & Schuyl 1 39 Central) 5% preferred 6% prior preferred MassawippI Valley (guar) Michigan Central (guar) 834 -.25 Canadian Pacific 66 49 134 234 134 20 30 Preferred (guar) 100 Pittsfield & No Adams (guar) .100 Portland & Ogdensburg (guar) 100 37" 35 Pref (guar N Y Maine Central 2 ~2~ 34 48 Missouri Pacific 18 35" 35 30 7% pref (guar Pa RR) 67 34 85 Paterson & Hudson River (gu)_50 Paterson & Ramapo (guar) 50 Pitts Ft W & Chic com (gu)-.lOO 63 20 11c 7 45 46 34 75 NYNH&H)—100 234 42 25 8854 834 62 Ontario & Quebec (guar) 100 Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) 50 Passaic & Del Exten (guar)-.100 Piedmont & Northern * Pgh Bess & Lake Erie (guar) 50 Preferred (guar) 50 Pitts Cin Chic & St Louis (gu) -100 34 34 99 Lykens Valley RR & Coal (gu)_20 \Iahonlng Coal RR.. 50 3 3 234 134 234 J* 39 50 Louisville Henderson & St Louis— Preferred (guar) 100 Louis & Mo Riv pref (guar) —100 Louisville & Nashville .100 6634 83 134 134 134 1st pref 1st pref 47 50 Little Miami original guar... -<nec gur better toe-11 *tk LIl Schuvl Nav RR & Coal(gu) 46 100 100 100 100 100 Common 45 100 50 — 1234 6334 50 Lexington Union Station—• Preferred (guar) 534 30 2 1854 Co 100 Preferred 534 634 1234 4534 1834 454 134 1134 2234 100 tamped 100 K A.llegan & Gr Rap igu)—100 K O St L & Chic—Pref (gu)._100 Kansas City Southern new * 4% non-cum preferred 100 Lackawanna RR of N J (gu) —100 Lake Superior & Ishpemlng 100 Lehigh Valley. 50 70 138 100 100 140 50 .* 155 74 11134 Northern Cent (guar Pa RR). 50 Northern Pacific Ry —.100 Northern RR of N H (guar)—100 Northern RR of N J (guar) 100 Norwich & Worcester pf (gu)_100 Ogden Mine RR (gu Cn N J) .100 Marquette Ry com 5% preferred 5% prior preferred 90" 87 34 1134 2134 3834 com 213 Ry_._ pref non-cum Pere 36 133 16 Securs 100 100 Adjust 4% Peoria 77" 1434 RR 134 100 2 - 72 3 5134 100 334 - J 5 W* 100 conv 134 - 30 100 com. Joliet & Chicago (guar) 53 com 100 100 3 - —100 Stk tr ctfs—See 23 34 100 Atlanta Birm & Coast pf (gu)-100 Atlan & Char Air L (guar) 100 Atlanta & West Point N Y New Haven & Hartf 134 * Pemigewasset Valley (guar)._ 100 Pennsylvania RR 50 Pennroad Corp com 1 Peoria & Bureau Val (guar)—100 100 Internat Rys (Cent Am) 5% preferred 50 23 pref 334 434 554 Hartford & Conn Western... 100 Illinois Central 100 Non-cum 6 % pref series A.. 100 Leased linos (guar) 100 1134 934 14 * 1 Of. 6% preferred.. 42" Fe.lOO 4% non-cum prof Bangor & Aroostook 5% conv preferred 100 non-cum Preferred (capital stock Green Bay & Wostern Greene (guar DL&W) 75 87 non-cum 50 50 50 - 1734 50 50 com Preferred 5% 50 1st preferred-.100 non-cum 2d preferred-.100 Erie & Kalamazoo (guar) 50 Erie & Pitts (guar Pa RR) 50 European & North Am (guar) 100 Fort St Union Depot (guar)100 Ft Wayne & Jack pref (guar)-100 Genesee & Wyoming 100 Georgia RR & Rank Co (gu)..10ft Georgia Sou & Fla common 100 1st preferred.. 100 2d preferred 100 STOCKS Atchison Topeka & Santa 100 Goshen & Deckertown (guar).. 10 Great Northern Ry— Iron Ore Prop trust ctfs • Alabama & Vicksburg (gu) 78 4734 334 434 334 loi;. 100 common 4% 4% 31 , 67 100 preferred 6% non-cum preferred East Mahanoy (guar) East Pennsylvania(guar) Elmira & W'msport (guar) Preferred (guar) 4s Ry— 1st gold 4 3*8 1943 —J&J Yoseraits Vail s f g 5s 1930—J&J / A1 Great Southern 50 50 100 20 Certificates of deposit 130 63 77 Duluth South Shore & Atl— 109 1634 1334 non-cum 100 76 Worcester & Conn Eastern RAILROAD 6% preferred series A com (gu) 10% non-cum pref (gu) N Y Lack & West (guar) 100 N Y & Harlem Old Colony (gu 125 pref-100 Detroit Manufacturers (guar) 100 Dover & Rockaway (guar)—100 Erie M&N 38" 3634 Hillsdale and 29 24 65 25 Southwestern (guar) Detroit & Mackinac Ry 95 J&J / non-cum Delaware (guar Penn) Denv & Rio Gr West 6% 10834 M&S S'eastern 1534 16 K 44 No Carolina (guar Sou RR)—100 North Pennsylvania (guar) 50 34 120 Dayton & Mich com (guar) 50 Preferred (guar) —50 Delaware & Bound Br (guar)-100 Delaware & Hudson Co 100 Delaware Lack & Western— 50 1.15% Co— 1951 New York Central RR N Y Chic & St Louis com Norfolk Southern. Norfolk & Western 105 Consol Rys of Cuba 6% pref-100 Cuba RR 6% non-cum pref—100 25 92 / A&O t Sup & Dul Div 4s 1936-..M&N ' Certificates of deposit Marshfield 75 34 34 34 34 117 5% J&J 1st gen g 4s 1949 Certificates of deposit 1st & ref 4s 1959 20 Original (guar L& N) Unstamped (guar L & N) preferred N Y Ontario & Western. 86 Concord & Portsmouth (gu)—100 Conn & Passumpsic pref (gu)-100 Winston-Salem Southbound— f guar 314s 1970 Wisconsin Central Ry— Nashv Chatt & St Louis 100 Newark & Bloomfield (guar)..50 Nashville & Decatur— 7% ' 1834 10434 Wilmington & Nor 4 3*s '77.. J&D Wilmington Ry Bdge 5s '43.A&0 s 75 46 (guar) 34 • 3.75 Willamette Val Southern Ry— 6s 1939 F&A / Wilm & Newbern 4s 1947 F&A 34 84 — 108 J&D / 134 -20 100 (guar) 100 pref (gu)-.---lOO Cleve & Pitts (gu Pa RR) 7%-50 Special guar 4% -50 Colorado & Southern 100 4% 1st non-cum preferred--100 4% 2d non-cum preferred--100 Columbus & Xenla (guar) 50 93 1st 34 234 93 5% 90 8934 1st g gu 4 34s 1941 opt M&N Wilkes-Barre & Eastern— 42 34 Common Wichita Falls & Southern— 1st 5s extended 1948. ——J&J / Wichita Union Terminal Ry— 38 34 Preferred Cin Union Term 5% pref 100 Clearfield & Mahoning (gu)—50 Cleve Cine Chicago & St Louis— 58 84 Equipment trust 5s— Western Ry of Ala 4148 '58--A&O 58 Preferred (guar) -100 Cin New Orl & Texas Pacific— 61 4834 2.25 55 234 34 2 34 134 Common— 1.50 454 3934 9634 Cincinnati Inter-Terminal—• 10934 2.00 434 3934 9634 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred 100 Chic R I & Pacific common—100 7% preferred J 00 6% preferred100 4534 100 108 Western Pacific RR Corp— 1st M 5s 1946 series A M&S / Assented 5s 1946------. Winston-Salem 32 25 25 Nashua & Lowell 20 -— Common - 58 1st & ref 5 34s 1977 ser A..J&J Eq tr 434s E 1940-1941.—J&D Eq tr 2Kb 1940-1946 J&D Eq tr 2s G 1940-1949 West N Y & Penna 4sl943.A&0 1st gold guar 4s 1960 35 100 New London Northern (gu)—100 New Orleans Great Northern.100 New Orl Texas & Mexico 100 • - - 3634 4334 100 Preferred series A 8 Q-Mar 5s 1942 Bid ' Washington Co Ry 1st g guar 334s Jan 1954 opt 1924—--J&J Washington & Franklin Ry— 1st extend 4 34 s 1954 J&J Wash Term Co—3348 1945—F&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 West Fruit Exp—See Gr Nor Western Maryland 4s 1952.A&0 1st guar g Par StOck8 ' 434 434 100 Chattahoochee & Gulf Washington Centra! Ry— 1 19 Central of New Jersey Certificates of deposit Ref & gen 5s 1980 ser D..A&0 Certificates of deposit Warren 1st ref g 334s 2000—F&A Mar 40 18 2834 Ref & gen 534s 1975 A—-M&S Certificates of deposit Ref & gen 5s 1976 ser B—F&A Certificates of deposit Ref & gen 4 34s 1978 ser O-A&O 4s 38 25 Toledo & Chic 4s g 1941—M&S Omaha Div. 1st 3 34s g '41-A&Q Wabash Railway Co— 1st 40 Morris & Essex Exten (guar)-100 Mt Carbon & Pt Carbon (gu)._50 Ask 38 Catawissa RR 1st pref 2d preferred (quar) 4054 IS 5s 1939 F&A Deb mtge 6s series B 1939-J& J 1st lien term gold 4s 1954.J&J Defc & Chic ext 1st g 5s '41-J&J De8 M Div 1st g 4s 1939--J&J Bid Stocks 3954 ...M&N 2d gold Par (guar)—50 ---50 Cayuga & Susq (gu D L & W)_30 Ask Bid Bonds and Stocks Wabash Railroad Co— 1st gold 5s 1939 ..100 23 53 334 56 634 Corp— 0% non-cum preferred Wheeling & Lake Erie Ry 100 100 61 4% prior lien 100 80 5 100 9654 % cum preferred Wilton (guar Boston & Me)..100 30 9 * % No par value. X Quotations represent dollars Ex-diridend.' per $100 face amount. 6 Basis. /This price includes accrued interest, k Last sale. » Nominal. 1 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 Par\ Stocks and Honda Ask Bid Per Stocks and Bonds ---* M«ScS J&D 7% 104 H 102J4 734 4)4s stamped 1946 F&A 107 h 108 . 12.66 9.60 3.67 Administered Fund 2d lnc— Aeronautical Securities 11.90 8.36 3.36 10134 10034 ---- Affiliated Fund com.. 1.25 Sec conv deb 4s 1949--—J&J Sec conv deb 434® 1949—J&J Air lnc * * 23-s 2 preferred 19 Investors Convertible Warrants 101 21 7At (Mass)—Deb 4 34a with com she 1967-— Aldred Investment Corp (Can)— Deb 4Hs with com shs 1968—. Alliance Investment com * Allied Int Investing Corp com—* ) 13 convertible preferred * ♦Amerex Holding Corp------.-* Amer British & Continental-— Deb g 5s 1953 F&A Amer Business Credit A— 1 Aldred Invest Trust 45 43 36% ■4* 40 134 34 1534 iVA 10034 10134 634 3.13 634 3-46 234 Amer 10c Capital Corp A h 1934 7234 3124 3034 134 10c Class B S3 preferred —* J5erSgMrlfLtorA:::::25 Class A opt Class B._ : 25 div ssr w w 1 2 Amer Elec Sec par tic pref 1 American European Secur ...* Coll tr s f 5s 1958ser A—- J&J 5s series B 1958— -—- .M&N Amer Foreign Investing.... - 534 - ' American General Corp——10c $3 preferred Amer General 334 2634 3034 1 |2 preferred $234 preferred 1 —1 Equities Ins—25c 35 .34 —... Amer International Corp--—.-* Conv 534s 1949 J&J Amer Insuranstocks Corp * American Investment (111). * $2 preference -25c 5% conv preferred 50 534 334 40 2734 5034 Deposited Bank Shs N Y ser A..1 Deposited Insur Shs ser A 1 Series B __1 Diversified Trustee Shares— O shares 1 ..... 2.50 D shares Dividend Shares.. Domestic Finance pref * Foreign In5 34s47 F&A Blue S3 45 45 9934 5034 7H 1234 1434 5634 10 106 134 lh 4134 15.15 .13 ...5 23.68 22 13 -.5 Bullock Fund Ltd 41 3.80 Boston Fund Inc.— Brooklyn National Corp 53- "834 22 100 1 Burco, lnc common $3 conv preferred m 1034 25 2234 5634 1034 108 5s series A1959 A&O Canadian Invest. Fund. Ltd .1 Canadian Pow & Pap Invest Ltd— Deb 5s series A1958 F&A 93 234 1 1434 12' 96 3.95 634 26 82 34 26 26 Bank stock series Insurance stock series Fixed Trust Shares series A 10c 10c 10 -.._._-il0 _M&S Morris Plan Indus Bank (N Y) .10 10 Mutual Investment Fund Mutual System lnc 8 % pref National Aviation com. 5 * Invest com 5% preferred ser A .100 w w Nat Bond & Share Corp Indus Loan 7s 1957. * 2.80 9.75 134 Gen'l Realty & $6 conv 42 102 10434 10334 9734 105 3.71 1.22 1.35 I 12.22 13.17 ... ............. 7.46 -_ 10.22 Insurance 4.88 Machinery Metals..................... Oils... Railroad ...... 1 134 3934 38 10034 * com pref ww 5.31 1734 134 7334 — * Railroad equipment Steel stocks 101 34 Class B common 1st pref—* Gleneagles Invest 5s June 15 1944 Globe Indus Loan 6s 1955-.-J&J Gotham Credit class B 5 Great Britain & Canada Invest¬ ment Corp 434« 1959 A&O r Group Securities, Inc.— | Agricultural Shares 67 8.09 7.30 3.23 6.19 3.51 J* 96 .100 24 SI* 27 100 23 2834 * 1 1955. 1956--1958 2.36 2.85 2.80 4?* Building Shares 5.87 Chemical Shares 49 78 Electric Equipment Shares Food Shares... 6.73 8.29 4.51 Investing Shares Merchandising Shares Mining Shares 3.17 5.31 5.77 3h 7 Petroleum Shares 30 3 4.29 Railroad Equip Shares Steel Shares 93 3.75 Tobacco Shares.... 7* Guardian Investors com 2H $3 2nd preferred Debenture 5s series A 234 27.29 134 3634 2.930 138 50 54 101 104 101 101 97 97 97 47 104 ...» 5334 * 112 Commonwealths Distrib'n Inc..l 1H, 104 99 99 99 M 5334 11234 134 3.47 3.77 60c 70c 1534 1634 2934 ... 30 36 1434 16 Continental Securities Corp— r Preferred 1st Commonwealth Secure Consolidated Invest Trust com Consumers Credit Serv 6s 1962— 1 134 38* 2 834 x-w preferred ——...100 Investors—.....5 Continental Shares common.. 5c 10c ♦6% preferred ...100| Corp Secure 5% ctfs 1935—M&S,/ 834 34 10 34 Independence Trust Shares—._* Independence Fund of N A—...5 Industrial Financevtc 1 Preferred. 100 Institutional Securities Ltd— Bank Group shares Insurance Group Shares Insull Utility Invest— Deb'g 5s Jan 1949—...F&A Deb g 6s 1940 B with war.. J&J Insuranshares Co of Delaware-.1 Insuranshares (Md) ctfs Inc...1 International Holdings & Inv.—* New common — International Utilities class A—* Class B $1.75 preferred $3.50 prior preferred Interstate Bond Co— —1 * -* .12 Pacific Eastern Corp Pacific Finance Corp 40 Petroleum Corp of Phoenix Sec Corp 97 Amer $3 conwmef class A 100 Plymoutp Fund lnc Putnam (Geo) Fund Quarterly Income Shares... 10c 5% deb series A 1942 M&N Railroad Employees' Corp— Class A common * 34 934 1.21 1.33 * * Pub Util Investing 5s 1948.A&0 . "2 1.10 ctfs.- Prudentia1 Tuvestors— $6 preferred 16.84 2.23 9 5 ...» 10 10c Provident Loan Society 6% lj * ._* * 1.41 * Preferred Railway & Light Securities com * Conv coll 4 34s ser "11" '55 A&O Railway & Util Invest A—_—1 3 34% preferred.. * Reliance Internat Corp com A 10c Representative Trust Shares—10 t Republic Investors Fund new. Reynolds Invest 5s 1948 A&O Common stock 1 $6 preferred * Rossia International Corp * Royalties Management A......1 ♦Schoellkopf Hutton and Pomeroy lnc common 10c Scudder, Stevens & Clark Fund-- 1 60c 534 90c 6 134 4* 6 834 10 i«* 18' 3334 35 9934 434s coll tr AAA 1940-43—A&O 100 5s coll tr BBB 1944-51 __—A&O 9934 4s coll tr CCO 1939-42---M&N 60 Invest Bond & Share 5s A'47.J&D r 1734 Investment Co of Amer.._.._.10i Quotations not furnished by sponsor or issuer. t Reverse split-up—1 new for 20 old. n Nominal. r Canadian price.N x Ex-dividend. Seaboard 61 Commercial 10 ____-50 Continued &n page 84 5% preferred- 1834 * No par value. e Ex-coupons. 11 1134 19"" 134 4 834 434 334 99 99 1834 4 (Calif) 10 1948 J&J Class B 113JI 734 334 1 Pacific Southern Invest pref Class A— 103 70 3^ 3 70 Pacific Investing Deb 5s 834 18H A&O * Overseas Securities Co Deb 5s April 1 1948 3 15.66 10 Com—* 1947 Debenture 4348 Dec 15 1952... Old Colony Trust Assoc ....* 2* 2 5 Old Colony Invest Trust Debenture 4 34s Feb 1 28 68 1 Oklahoma Southern Trust 2634 Jan. 26 111 1 Preferred Oilstocks Ltd 5.72 —* ——* 1948 Incorporated Commonwealth Investment....1 common _1 Heller (W E) common Preferred w w Oils & Industries com— 3.46 5.78 6.28 4.68 4.09 5.51 4s with warrants Collateral Bankers lnc— 106 34 $6 1st preferred.. Common 9.01 4.92 5.25 2.57 Northern 111 Finance 9.26 5.06 ... 25 25 1946—-A&O 11.37 Household Finance com * 134 5% preferred -100 37 ♦Huron Holding Corp..—....1 2,960 Hydro Elec Sec com .* 141 Illuminating & Power Securities— 634 Cleve Securities 4-6s to 1943-J&J 100 9 .... 1034 1134 10134 10.51 6s series AB 1948 Q-M 6s series AC 1952 Q-J Commercial Credit common 10 10334 t Jan. Corp * 6.39 Northwest Bancorporatlon * 7.32 Ohio Finance Co. 434s 1949.F&A 534 _Q-F Q-M Q-J Q-F 6.71 7.06 10334 48 North American Trust Shares— 1953 72 7.90 5 ... 6% preferred 534% preferred 48 134 70 8.06 7.47 North Amer Invest Corp Com. 100 Collateral 4s 1951 J&D 11 46 7.45 Class A preferred....... 100 North American Bond Trust Ctfs. 76 German Credit & Investment— Pref allot ctf 25% 6.79 9.77 8.08 11.04 6.52 Niagara Share Corp (Md)—„ Conv deb 534s 1950 ..M&N 34 18 11.90 9.53 8.81 6.26 9.04 Electrical equipment.. 60 J&J 1 11.02 Chemical '#4 Nov. 30 7.99 5.49 5.06 Building supplies. 634 45 ... 6.35 7.38 Automobile Aviation Bank stocks Corp Utilities 5.76 * 25c (Colo) ser B shares (Md) voting tr shares New England FundNew York Stocks, Inc.— 23' ... 19* 7 "634 $6 preferred 1834 634 i Agricultural General Public Service Corp.— 13 18 95 1 5.79 1 1234 il* 94 Nation Wide Securities— 5.10 Warrants General Investors Trust 2434 11.43 25 1 4.60 Investment 2334 10.46 23 * conv Fundamental Trust Shares lnc— Class A_. 2 Class B * $6 preferred 55c 8 95 93 pref stamped 3.76 4.55 deb 5s '51.J&D 234 734 Nat Trust Shares Re modified 2.54 3.41 18.39 conv P 30 58 4.00 Gen Finance Common 234 Q-Jan 1 Nat National Investors Corp Nat Republic Invest Trust— 16.92 American Investors—* $6 preferred * Deb 5s Feb 1 1952 F&A 234 3534 334 2834 45c PreferredSec 6s x-w 1947 Foreign Power Secur Corp— 1st coll tr conv 6s A 1949-.J&D Foundation Trust Shares ser A.. 1 Fundamental Investors lnc 2 General 21.87 Monroe Loan Society class A 1 Morris Plan common __25c . VM 5 5.40 20143 41 19.58 16 7.30 4485 8.52 45 * 2134 Aviation Shares 107 k Last sale. 1 Partic preferred National Bond & 18.17 6.62 First Mutual Trust Fund Fiscal Fund, Inc.— 50 2134 Midland Invest Corp (Mo)— 3s 1953.-.. M&N ... 20 40 66 100 ♦ 19.07 12.43 102 2434 25.38 100 1942— 17.76 11.58 100 6 . 5% conv partic preferred Merchants & Mfrs Sec A com 'At 2334 234 234 .......100 1 18 IS* 5 10c Massachusetts Investors Trust.. 1 Mass Utilities Associates v t c. -1 19 4.28 70c 1 100 Debenture 5s May Corp Maryland Fund Inc.. 1 34 1634 3.80 35c 6.61 Marine Midland 96 -10c - 2 - Preferred 94 28.24 Equity Corp common .10 Lawyers Mtge Inv (Boston)— 1st 5 34s series B 1945 M&S Lehman Corporation 1 Manhattan Bond Fund lnc 26.26 4% 1 $4.25 conv preferred 52 Series S-4 Larkins Warr Trust. 5.69 2 Chemical Fund .............1 Chicago Corporation * Convertible preferred Commercial Invest Trust 2934 48 81 Gen Shareholdings Corp com.. 16.29 .28 25.33 25 26 ._* 434% conv preferred 2834 1.28 4.85 80 6s series AA 1953 6.60 25 $6 preferred 42 90 Preferred 7s series A & B 1950 7s series C 1959 7s series D 1956 Series S-3._ 3.75 5.85 1.17 10.39 15.07 10.55 14.93 7.29 16.19 13.68 Series S-2 5.22 234 9534 34 634 Corp..-1 7% preferred ..—100 Conv preferred.. 100 Conv pref series of 1929 100 6% cum preferred.. 100 Preferred Series K-2_. 74 Central States Electric Preferred 5 ... 45 ._* City Investing Co 5sA~'57M&N Empire Capital Corp A Series K-l 1.55 2.95 2.56 A* ... com Economic Inv Tr Ltd ..... Series B-4_, 28.80 23.10 9.42 .... Series B-3 17.41 40* 26.33 21.09 13.56 6.63 14.79 9.54 Series B-l Series B-2 36 'At 3834 40 Cent-Illinois Securities Corp.._1 Securities 34 112 4.85 22 4 25 4.45 64 $1.50 conv preferred * Cent Invest Corp 5-6s *57..A&O ♦Central Nat Corp class A....* Christiana * 15 11.06 30c 18 25 Italian Superpower Corp A com.* Deb 6s 1963 (ex-warrants J&J Keystone Custodian Fund— 31 share 10.38 25 common Preferred 1334 2934 11734 Ask Automobile Shares 3.35 Capital Administration cl A 1 $3 cum pref series A 10 Carey Trust of NY * Original 100 Carriers & General Corp 1 Deb 5s with warr 1950-_M&N Century Shares-Trust Chartered Investors common Fund A-l Sorics F Conv deb 5s 1953 Canadian internat Inv Trust— ♦Class B $7 preferred series A__ * $6 preferred series B * Eas Util Invest Deb5sl954 M&S 15 Eaton & Howard Management General I 1 British Type Investors A Broad St. Invest Co lnc m 634 1 Ridge Corp common conv preferred 334 % $2.50 prior preferred * Beneficial Loan Society com * 6% profit share deb 1956.-Q-J ♦Blair & Co. Dominion-Scottish Invests Ltd— 1st coll 4s series A 1952 J&J Eastern States Corp com. * $3 conv preferred1 Family Loan Society common..* 32 $1.50 preferred series A * 37 $1.50 preferred series B * .39 Fidelity Fund. Inc.. * 534 ♦First Boston Corp 10 834 * Beneficial Industrial Loan 334 4934 ... Bankers National Investing— ♦Class A__ ...—...1 Bankers Securities Corp com. .50 6% preferred 50 Basic Industry Shares.....—10 7.78 12 50 ...... 25c ..1 25 Investors Trust 2.79 2.79 16.10 Delaware Fund Royalty Preferred $6 preferred ...... * Equitable Invest Tr (Mass) 5 ?fc* 434 3834 9834 Investors 2.36 Empire Power Corp partic stk.* 35 _* Option warrants- 6 35 -.2 Atlantic Secur 4h$ A 1953-A&O Atlas Corporation common 5 6% preferred m i* 25c -100 6% preferred 20 76 104 103 Associated Gen Util com v t c.--* lnc deb 5s w w 1956 M&N Income deb 4s 1961 M&N Associated Stand. Oil Shs Associates Investment Co.. 103 103 7.07 Investors Fund of Amer Series Ol 2.36 *8% preferred 100 ♦Crum & Forster Insursh B....10 ♦7% cum preferred ...100 Cumulative Trust Shares -* Domestic & Shares.......... 2.45 Credit Service deb 6s w w '48-Q-F ♦Crum & Forster lnc com.....10 Bid Per 1 Accumulative series AA (modified) AGO (modified) _ Amer Business Par share ....1 1 1 Corporate Trust shares old ser.-l AA 10234 Stocks ana Bonds Ask Bid Per Coll trust 4s 1947 Adams Express com— Ooll trust 4s 1948 Par share IS 75 1134 9434 3034 634 434 1234 95 32 H ZF 83* 40 .38 114 634 9934 834 40! 117 7 105 100 13.75 7.85 14.71 8.75 10134 103 8 3fc 1034 834 11 9 934 104 6* 10.37 4.39 66 10.87 4.93 5834 IB 'At 20c 34 83.97 40c* 85*.$ 1334 36 39"" / Flat price. I Utilities Public (Includes street and electric railways, gas, electric power, water, telegraph, telephone and bridge companies.) NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Adriatic Electric Co (Italy)— Extlsf 7s 1952 A&C Ala Gas Co 1st M 4M* 1951-F&A Alabama Power 70 103 80 M M&S 107 M 109 106 M 104 107 M 105 103 103 M 106 M M&N 105 M 102 M 46 Albany Ry 1st cons 5s 1930--J&J General 5s 1947 --J&D All America Sara Corp— 62 82 M M M M M&S Vs American Community Power— 5 Ms Certificates of deposit 1953 Amer Elec Pow deb 6s '57 M&S15 16 American & Foreign Power Co—• Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934-J&J Amer G & E deb 5s 2028-—M&N 2%ssf debs 1950 3^s s f debs 1960 3 Ms s f debs 1970 104M 105M 106 48 54 M 100 M Amer Rys Corp coll 4 Ms '53.A&0 Debenture 4 Ms 1963 A&O 70 54 American States Public Serv 1st 1 5 Ms 1948 ser A—-M&N 6s 1938 r J&D 30-year deb 3 Ms 1966 1975 ser A Deb 5s 1975 ser B 105M 105M 106M 49 55 M 101M 71 55 94 108ls32 108 108 M 108 Vs 108 M M&N J&D 107 M 100 109 100M 84 87 38 -...M&S Androscoggin W Pow 6s '45-F&A f Appalachian Electric Power— 1st mtge 4s 1963 S f deb 4Ms 1948 F&A F&A Appalachian Power 6s 2024--J&J Ardraore St Ry—See Phila Co 42 50 53 108 M 106 % 108M 125 127 M 107 M Arizona Edison Co— 1960 J&J Income 6s I960-Arizona Power 5s 1950 87 A&O 87 M F&A 1st & ref 4Ms 1950 F&A Arkansas & Missouri Power Corp 5s series A 1957 J&J 101M 106M 1953 J&J —J&J Associated Gas & Elec Co— Conv deb 5 Ms 1977 F&A / Conv deb 5s 1965 M&N f F&A f M&N 102 M 106M 102M 105 M Elect 4Ms 6s Jan 1 1961 Cons ref deb 4 Ms 1958 S fine deb 5s B 1983 8* !!* 55* 19 M 17 6 6 78 3M 3M 3M 10 10 34 J&D IV* 30 33 18 A&O 17 M M&N M&S 16 M 16M 33 M 18M 18M WA See Investing Companies. Associated Pub Utilities Corp— 1st lien 5s 1947 ser A Deb 6s series A 1958 „_J&J M&N Associated Telep & Tbleg CoDeb 5Ms 1955 ser A...-M&N Certificates of deposit 2-yr 6% notes 1933 Certificates of deposit 77 79 64 68 71 72 M 55 Electric— 1964 J&J Atlantic City Gas 5s 1960 J&J 1st lien & ref 5s 1957—j—J&J Atlantic City Sew'age 6s A'56 J&D * r Called Mar. I at 105. Payable in Canadian funds, 70 M 72 66 M 109M 109 M 84 84 M fiH M&N M&N 93 82 M 83 M 82 M 83 M 83 M 82 M 82 M 3Ms 1946.-M&N 3Ms 1947--M&N 3Ms 1948..M&N 83 M 82 M 82 M 3 Ms 1945—M&N 82 M 82 M 3Ms 1950.-M&N Coll trust series 3 Ms 1951 -M&N Brooklyn Queens Co & Sub— 1st ra g 58 1941 (stpd) J&J 82 M .J&D J&D —J&D J&D J&D J&D J&D 4s 1947---. 4s 1948 1st & ref 6s 1947 ser A __J&J Central Kansas Pr 6s 1946--M&S 7s Certificates of deposit Maine Power— 1st & gen 4s ser G 1960 Certificates of deposit 44 M 1 Ms Aug Feb 2s Aug 110M F&A 113 112M 112M 56 100 99 M 99 100 15 1942 15 1942 99 15 1943 15 1943 15 1944 98 M 99 15 1944 98 M 98 M 98 M 15 1945.. 15 1945 15 1946 98 3s 15 1946 98 Aug „ 98 Cent Pub Serv Corp— Conv deb 5 Ms '49 F&A Cent Public Util. (ws)inc5 Ms. 1952 Deb 5 Ms 1954 1st mtge 4s 1964 M&S 75M J&J 35 M 36 M 102 M M&S 1 6 J&D Cent States Pow & Lt Corp— 1st M & 1st lien 5 Ms 1953. J&J Debenture 5s 1944 J&J Cent States Utilities 6s 1938.J&J J&D 101M 103 Cent 3s deb B 1943-1947 3 Ms deb C 1948-1952 J&D 102 M 105 105 107 109 J&D Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A 120 118 Deb gold 5Ms 1942 1st mtge 4s 1966 108 106 M 1st 4s ser B 1961 Serial 2 Ms May 1 1940 104 M 3 Ms May 1 1941 3 Ms May 1 1942 4s May 1 1943 107 H 89 85 M 105M 105M 104 A&O A&O 101M 102 M M&N 106 M 103M 102M 107 M 89 M 87 4s May 1 1944 4Ks May 1 1945... 4Ms May 1 1946 t Called Feb. 2 at 102 M- t Called Feb. 13 at 106. x Called Feb. 9 at 102, 108 M 60.50% 61.50% 62.25% 62.75% 62.90% 63.00% 63.00% b Basis, f This 2M 2% 78 M 37 1 37 1 74 M 48 "3" 1 Telep (Del) 6s 1938-..M&N 14 106 M Central West Public Service— 5Ms 1956 / 89 Charleston Cons Ry Gas & El Consol gold 5s 1999 107 M&S Charleston Transit Co— 1st 5s 1942 75 M&S Gen & adj 5s 1952 M&S Coll trust 5s notes 1942 M&S Chester Water Service Co— 1st 4 Ms 1958 series A M&S 76M 105 California Water Service— 107 73 % Cent Vermont Public Serv Corp 1st mtge 3 Ms ser B 1966--F&A 108 California-Oregon Power— 106 1M 1M Edison, Inc— 1st coll inc 3-5s 1950 Central States Elec Corp— Conv deb 5s 1948 94 99 101101M 15 1941 67-J&D Cairo Bridge 1st inc 6 Ms '58_ J&J Calgary Power 1st 5s I960--A&O 1st s f 5s 1964 J&D 142 103 M 2 Ms Aug 3s Feb 106 30 109 M 98 M 15 1941 2s 107 101M 15 1940 1 Ms Feb 1 Ms Aug ~ Central States 112M 112M 105 M 93 M 1st lien & ref 6s '47 ser A__M&N 1st I ien & ref 5s ser B 1957 M&N Deb 5s 1950 J&D 26 1st mtge 3 Ms ser A 1969—F&A Serial debentures— 89 Bklyn Un Elev—See BklynQueens Bklyn Un Gas 1st cons5sg'45M&N ICS 108 M 1st mtge 4s ser C 1964 F&A Cent Pow 1st 5s 1957, ser D.J&J Central Power & Light Co—- 90 45 M 105 M 102 98 101 1st s r 6s ext to 1950 J&J Central N Y Power Corp— Gen mtge 3 Ms 1962 -A&O Central Ohio Lt & Power— 2 Ms Aug 2 Ms Feb 78 M 101M 99 106 M 107 M 89 A&O 103 M 102 M 101M 100 M 108M 2Ms Feb 87 M 45 M 102 M 103 M A&O 45 M 41 88 104 M 102 M 104 M 1st & gen M 3 Ms ser H *66. F&A 1st & gen M 3 Ms ser J 1968J&D Cent Mexico Lt & Pow 40 M 40 104 101 Central Feb 2 Ms Aug 42 100 110M 105 • 2s con 5s July *41 (stp)_.M&N Certificates of deposit Bklyn Un Elev 5s 1950 F&A Certificates of deposit Kings Co El 1st 4s 1949-..F&A Certificates of deposit Nassau Elec 1st g 4s 1951.-J&J .J&D .J&D Cent Indiana Gas 5s 1957 M&S Central Indiana Power Co— 50 1st Buffalo General Electric— Gen & ref 4 Ms 1981 Buffalo Niagara Electric— 3 Ms ser A 1968--J&D debentures— 4s 1945- 83M 83 M 83 M 83 M 83 M 83 M 83M 82 M 82 M 3M« 1949—M&N 1944 100 4s 1944 68M Butler Water 5s 1957 A A&O Butte El & P 1st s f 5s 1951.-J&D 56 Atlantic City Gen mtge 3 Ms 65 See International Ry Burlington (Vt) G L 5s 1955.-J&J 55 56 142 Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atlanta Gas L 5s g 1947 J&D Gen mtge 4Ms 1955 M&S Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J Atl Beach Bridge 6 Ms 1942._F&A J&J f Buffalo Traction— 56 A&O r Coll trust 3s 1941 Coll tr series 3 Ms 1942—-M&N Coll trust ser 3 Ms 1943—M&N Coll trust ser 3 Ms 1944—M&N 5s 100M 4s 1946 Bklyn City RR 1st 5s 1941-..J&J Certificates of deposit Brooklyn Edison Co— Consol mtge 3 Ms 1966 M&N Bklyn-Manhattan Transit Corp Coll trust 4 Ms 1966 M&N Certificates of deposit 1st 101 101 Gen & ref M 3 Ms ser O 2s deb A 1940-1942. Associated Telephone Utilities Deb 6s series A 1941 M&S Certificates of deposit--. Conv deb 5s series B 1942-A&0 Certificates of deposit--Conv deb 5Ms 1944 ser C-M&N 106M . 40 33 12M 105 81 35 J&D 117 101M Coll trust ser Coll trust ser 101M 3Ms 1940 3Ms 1941. 3Ms 1942 3 Ms 1943 101 ser 2M 2M 2M Serial M&S ser 99M 102 1st mtge 109 M 109 M Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967.F&A Brooklyn City & Newtown RR— ser 13 106 108 trust 3s 1940 101 100 . 106 M 1939 102 — 4s June 1 1949 Cent Illinois Light 3 Ms '66.-A&O Central Illinois Public Service— 85M 1st 4Mb series B 1961 Broad River Power Co— 1st & ref 5s 1954 ser A J&D 102 102 4s Dec 1 1948 100 M 99M« 100M — 4s Dec 1 1947-.. 4s June 1 1948 120 ser \l* 110* 107 M 100M 100M 3 Ms Dec 1 1944 108 M 109 M M&S. 99 M 3 Ms June 1 1945 3 Ms Dec 1 1945 4s June 1 1946 4s Dec 1 1946. 4s June 1 1947 96 M 89 M 101 101 3s Dec 1 19423 Ms June 1 1943 3 Ms Dec 1 1943. 3 Ms June 1 1944 96 Vs 98 M 103 M 93 100 3s June 1 1942-- 29 22 101M Coll trust 13 F&A 50 14M 14M 14M 96 M 100 M 14 106 J&D Dec 1 1940. 3s June 1 1941. 3s Dec 11941 14 H 91M 87 M 99 106 M debentures— 45 96 M 97 M 90M 105M 3s 100M Coll trust 17 17 Income deb 4s 1978 Income deb 3 Ms 1978 Income deb 3 Ms 1978 Assoc General Utilities— Serial 80" 118 Coll trust 17 M&S 132 M Brlth Colum Pow 4Ms 1960_M&S;r British Columbia Telephone— 8* 17 Conv deb 4Ms 1973 Conv deb 4s 1973 Income deb 4 Ms 1978 117 104 M 76 Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953 M&NI/ Bridgeport Gas Lt 4s 1952—J&JI 99 100 M 103 M&S 3s June 1 1940 _M&S 97 J&D Cent Ills Elec & Gas Co— 1st mtge 3 Ms 1964 131 Deb g 4Ms Nov 1, 1941—M&N| Deb g 5s Dec 1942 J&D 18M 13 1973 106M 1st & ref 5s 1941 1st & ref 3 Ms 1965 114 116 X 116M - 52 104M First lien coll tr 5Ms '46--J&D Central German Pow 6s '34-J&D / Cent Hud Gas & Elec Corp— ' 113 M 115M M&N O '65 West End St 5s 1944 7» Sept 1947 18 13 Conv deb 5s 99 50 98 H 103 89 M&S 1st & coll tr 5s 1948 ser A„F&A Central Elec of N J 5s 1940.-J&J Cent El & Tel 1st 5s scr A '55 J&J Central Gas & Elec 6s 1946.M&S 70 100 M 100 103 Mtge&Coll tr 3_Msser D'68 J&D 17M 13 Associated Gas & Elec Corp— 8s ex-warrants 1940 M&S Conv deb 5Ms 1973 F&A 55 A&O r M&S / 1951 Carolina P & L 1st 5s 1956—A&O Cent Ark Pub Serv Corp— 105 100 Bleecker St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940M&N Bolivian Power 8s ser A '45.A&O Boston Elevated Ry— Coll trust M&S Scrip 4s 1941 Scrip 4s 1942-- 103 J&J 98 M 102 M Cape & VIne'd El 4s A '65 J&J Capital Traction (Wash, D O)— 1st g 5s June 1, 1947 J&D 111 1959--F&A A&O Berlin Elec Elev & Underg Rys— 1st mtge s f 6Ms 1956 A&O Birmingham Elec 4Ms 1968-M&S Birmingham Gas 1st 5s '59.M&N ser 6 Ms Canadian Utilities Ltd— 1st mtge 5s ser A 1955 M 95M 109M Sink fund deb 6Ms Deb 6s Apr 1,1955 Coll S fine deb 4 Ms O 1983—M&S S f inc deb 4s D 1983 M&S S f inc deb 4M-5Ms A 1986 F&A S f inc deb 5-6s B 1986—-M&S Conv A 5s 2002 Q-F Conv A 6s 2002 Q-M Conv A 7s 2002 Q-F 35 94 Berkshire Street Ry— 1st extend 6s 1947J&D Berlin City Elect 6M« 1951—J&D 5s 100 Assoc J&J M&S A&O 89 105 Ashtabula Wat YVks 5s 1958.A&0 Conv deb 5s 1950 Term __ 105 Arkansas P & L 1st 5s 1956-A&O Arkansas Western Gas Co— 1st s f 6s ser A 1953 __A&0 AshI'd Home Tel 4 Ms A 1961A&0 Conv deb 4 Ms 1919 Conv deb 4 Ms 1948 Cons ref deb 5s 1968 Canadian L & P 5s '49 op '14 J&J Canadian Rail & Harbor— 30 Bangor Gas Light 5s 1941—A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 J&J Bear Mt Hud Riv Bdge Co—. 1st 7s 1953 —A&O S f income 8s 1953 A&O Beauharnois Lt Heat & Pow2d mtge 5s 1978 J&J 5s conv notes 1978 J&J Beaver Valley Water 5s '60-M&N Bell Telephone of Canada— 1st g 5s 1955 ser A M&S 1st g 5s 1957 ser B _J&D 1st mtge 5s 1960 ser C M&N Bell Telep Co of Pennsylvania— M & coll tr 4s 104 47 1st 8 104 J&J J&J J&J Bergen Turnpike 5s 1951 103 M J&D & South Chicago Ry— (35% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s *53-M&N Ask Calumet 4 M&N 1st 5s 1946 Baltimore Transit Co— Deb 4s series A 1975 Deb 5s series A 1975 Deb 5s series B 1975 — 88 M Androscoggin & Kennebec Ry— Income 5s 99 M 4M% extended 1944 108 Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A 1st 6s 1940 Avalon Telep Ltd 4 Ms '58--A&O Baltimore County Water & Elec Bid Bonds Calif Water & Telephone— 1st mtge 4s 1969 Blackstone Val Gas & Elec— 5 Ms series D, 1945 F&A t 102 M Amer Utll Service 6s 1964--M&N 86 M Amer Water Works & Electric— Deb 6s 7 12M J&D American Toll Bridge— 63 f American Telephone & Teleg— Deb 5Ms Nov 1 1943 M&N 25-year deb 3 Ms 1961 A&O 102 M 100 M 1st &ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser C A&O Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 A&O r J&J ..-.J&J J&J Am Gas & Pow deb 3-5s '53-F&A Secured deb 3.6-6s 1953 J&D Am Pow & L deb 6s 2016-—M&S Deb 62 M 6 f Ask Augusta Ry & El 1st 5s 1940 J&D Elec Ry A&O — 85 F&A M&N 1940 64 105 Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Amer Commonwealths Power— Deb g 6s 1952 ser A Deb g 5Ms 1953.-- 103 M 44 Inc debs 4s w i 1969 Alliance Power 1st 6s 1952. .M&S Alliance Pub Ser(Ohio)5s *57 M&S Bid 101 5s '58 ser A M&S Aurora Elgin & Chicago 1st 5s 1941 -J&J J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A. J&J 6s Bonds Atlantic Co Wat Co— 1st 5s 1946 1st & ref 5s 1951 1st & ref 5s 1950 1st & ref 4Ms 1967 Conv deb Ask 107 M 66 85 x Chic Aurora & Elgin RR— 1st & ref 6s 1951 J&J / 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 _ Chic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J 1st & ref 6s 1955 ser A J&J 1st & ref 5Ms 1956 A&O price include accrued interest, k Last sale, 102 M 3 3M 7 7% 48 49 ft 1M 1M 1M n 2M 2M 2M Nominal, PUBLIC UTILITY BONDS 74 NOTICE—Ail bond prices are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the | Bid Bonds Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt .red and pay Aug 1,1938--F&A Certificates of Eauit G & E Utlca 5s 1942.A&Q Consumers Power Co— 1st mtge 3Ms 1965 1st mtge 3 Ms 1965 _ 49 ff 46M 9% 4M deposit.----Cons M 5s ser A Feb '27—A&O / Series B Feb, 1927 J&D / Chicago Rapid Transit Co— 10M 5M 5M 5M 5M 5M 8/s X 5 5 5 5 1st & ref 6 Ms 1944 -J&J / / Certificates of deposit— 1st & ref 6s 1953 ser A——J&J / Certificates of deposit.----- / y* M Adjust deb 6s July, 1963—J&J / Certificate of deposit f Chicago & West Towns Rys— / 1st cum inc 5s 1937 J Cincinnati Gas & Electric— Consumers Water 109 M Erie M&N 106M M&N 106 106% 109 110M , Crescent 1UM Coll inc 6s B Oct 1 ,1954--J&D Cuban Telep conv 5s 1951 J&J Cumberland Co (Me) Pow & Lt— 98 Cincinnati Street Ry— m 5^s ser Cities W* 67 Dallas Ry & Ter 1st 6s 67 Danville Tr & Pow 1st 5s'41 .J&J Darby Med & Ches Ry—See Phila R 1 ran Darby & Yeadon 4 Ms 1934 / 75 Dawson Ry & Coal 5s 1951 J&J 104 Dayton Power & Light— 1st ref M 3Ms 1960 A&O 104i»3i 66 M 66 M 67 Cities Service Power & 67M 67 H 1969. 67 % Light—, 83 §3 M 84 83 103 U 1 Deb Citizens Utilities Co— 37 M 66 Citizens Water 110 79M 105 38M 5 Ms 69 Delaware Vail Util 70 6s 108 M 108M 104M 104% 106 1952_M&N 97 94 City & Sub PS—See Un Ryi City & Sub Ry—See Wash 1 City of New Castle Water- 101M City Water (Chattanooga)— 1st M 5s 1954 series B— _J« 1st M 5s 1957 series O...M& Clarksbury-Columbus Short Route Bridge 6 Ms 1952—J<S Clear Springs Water Service- 101 M 105 M >/ 42 :.... — — 100 — Cleveland Electric Ilium— 108 M 102 M 108 Vs 109 110 46 48 Coast Cos Gas & Electric— 40 6s 1940. io" 7 6s 1942. * 105 ?/ 48" 46 i<——1»^ o o £ £ 104 M 105 104 M Columbus (Ga) Elec & Power- 45 M r 110M 127 M 3 ~ 25M / / 49 3 101M 109 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 Gen 5s Nov 1.1954 M&N Gatineau Pow deb 5s w w '49 J&D 27 99 98 Ms series A 1969 A&O 1st 3 Ms series B 1969 A&O General Gas & Electric Corp— / Scrip 4s due 1942 General Public Service Corp— See Investing Companies. General Public Utilities— 111% 113 m •6 5% 6 1st lien & col 5s 1943 ser A. J&D X 1 Georgetown Gas Lt lsP5s*61 F&A Ga-Caro Pow 1st s f 5s '52--J&J Georgia Power 1st 5s 1967--M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D Georgia Ry & Electric— Atlanta Northern Ry Co— 1st guar 5s 1954 J&J Gesfurel 6s 1953 x w J&D Grand Rapids Ry 1st 7s *39-M&N F&A / - 96" 93 103 r 101 (Germany) Dumbarton B'ge 6Ms to 115 Commonwealth Gas Corp— 30 21 -/ -/ A&O/ 12 If 14 I 92 M ) 3 104 M 3 93 M 3 105 H Community Public Service— 9/ 6 Community Water Service Co- M&S / *49-J&J Duquesne Gas Corp— 1st conv 6s ctfs. 1945 M&S15/ Duquesne Light—See Phila Co 46 M Duquesne Nat Gas 7s 1948.-J&J Duquesne Trac—See Phila Co 110% Durham Pub Ser 7s A '49--A&O 127% Durham Trac 1st 5s 1941 __-M&S East Coast Pub Serv 4s 1948 F&A East Jersey St Ry 5s 1944. _M&N 32 E. Kootenay Pow 1st 7s '42-A&O 23 East Prussian Pow 6s '53 J&D / Eastern Gas & Fuel Assoc—■ 16 1st m & coll tr 4s A 1956-M&S Eastern Iowa Pow 6 Ms 1943-M&S Eastern Lt & Pow s f 5s 1964 M&N t 1st & coll 4s series A 1965--J&J r Eastern Mass Street Ry Co— Ref m 4Mb 1948 A J&J 94 M Ref m 5s 1948 B J&J Ref 6s Jan 1948 ser O--M&S 15 Ref 6s series D Jan 1 1948-A&O 106 Ref 6s series E Jan 1 1948-A&0 Eastern Michigan Rys— 82 M 1st mtge coll tr 7s 1958 J&J / 80 M Adjt 68 due July 1958 A&O f 41 Eastern Minn Pow 5Ms 1951 M&S Eastern Oregon Light & Power— 5Ms series A 1951 M&S 138 5s series B 1953 -J&J 112 Eastern Shore Pub Service Co—'■ 110 1st m 5Ms 1947ser A M&S 110 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1949--M&N 130 Economy Lt & Pr (111) 5s '56-J&D Edison Elec Ilium of Boston— 109 29 78 83 3 81M 79M J 39 J 53 M Connecticut Light & Power— * 131 3 111 3 3 109 M 108 H Connecticut Power— J 10SM J 1956- 128 J 1st & coll trust 5s 109 108 M Connecticut Ry & Light— Granite City Generating— 1st coll 5s 1963 63 \ 109" 1962J& J Consolidated Edison Co of N Y- 89 90M A& 0 A& 0 106 106 M 106 M 107% 106% 108% 1st lien 5s Debenture — 3 Ms — — 1946 Debenture 3 Ms 1948 O 106M J 108 3Ms 1st M s f July 1. '65-J&J Edison El 111 (N Y)—See N Y G Edison Sault Elec 4Ms, 1961 A&O Electric Ferries 7b (w-s) *41-A&O Elec & Peoples—See Phila R T Electric Pow Corp (Germany)— 1st sf6Ms 1950 ^--M&S/ 1st sink fund 6Ms 1953—A&O / Electric P & L Deb 5s 2030-F&A Eliz Plainf & Cent J) See Eliz Consolidated Electric & Gas—• vr A 48 M 47 49 M 49 A 49 50 O 125 y* 127% Consol Gas Elec Lt & P (Balt)Ref mtge s f 3Ms 1971 _„J&: D 109 M 110% 108% & Eliz & Raritan 96 M 118 98% 97 97 104 M — 105% — 106 67 M 68 104 103 102M 73 102 81 J&J 83 86 M 76 -A&O 1st & gen 6 Mb 1950 —- 88 M 76 M Great Lakes Power Ltd— 75" 101 95 M&S 1st s f 4Mb 1956 Gens f 5s 1957. J&D 101M 96 Great Lakes Utilities Co— 82 12 M 1st lien coll tr 5Ms 1942--M&N Northern Power— 1st 58 stamped 1950 F&A 66 67 M Great 79% 79 101M Green Bay & Miss Canal— 1st & ref 4 Ms 1953 - — 100 98 95 93 M 99 98M 100 Green 4Mb M&S J&D *48-F&A A&O Gulf Public Service Co— 1st mtge 6s 1945 Gulf States Utilities Co— — 55 2 82 81 . 101 96 Hamilton Gas 6 Mb Aw w 103 99 121 A&O 5Ms'38__J&D Hamilton Gas Corp— 4s series B 1953 102% '37 J&D —M&S Harrisburg Gas 5s 1970---M&N Havana Elec Ry 5s 1952 F&A_ — 110M 102 95 110% 99 105% 106 M 102 M to 96 67 72 104M _ 1st m & ref 3 Ms ser D 1969M&N Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935—M&N / Hamburg (Germany) Elev Under- gound & St Rys 103 M _ J&D 1940-1953 Gulf Power 1st 5s 1968 103 M 110M __ 1963 1st & ref M 3%s Serial notes— 107% Corp—- Mountain Power Gulf Coast Water 1st 5s lOl 102 M 104 108 M 108 M 15M 50 15M 72 76 58 M 108M 60% 49 M 5Ms (Sept'31 coupon)'51-M&S/ Hempstead & Oyster Bay— 98 Water 6% July 1 serially Hest Man & Pair Pass Ry—See P hil R T Holyoke Street Ry inc 5s 1945 Home Tel & Tel (Ft Wayne;— 1st 6s series A 1943 J&J 1st 5Ms series B 1955 A&O Hoosac Valley Street Ry— 1st ext 6s June 1 1947—M&S Houston Elec 1st 6s B 1950.J&D Houston Gas Securs 5s 1952 M&S Houston Gulf Gas— 1st M & col 6s 1943 ser A-A&O Deb 6 Ms 1943 with war.-A&O 20 44 "X 48 „ 13M 13M 78 79 M _ Riv)Public Serv J Corp Trenton RR Light & RR1st & con g 5s 1956 M&S El Paso Electric Co— 1st m 5s 1950ser A J&J E mpire District Electri c Co— 1st & ref m 5s 1952 M&S 104 18 17 Great Cons Elec Pow (Japan)— 1st M 7s 1944 F&A „ Consolidated Cities L P & Tr— 40 97 M 96 A'56_A&0 15 _ , J 80 _ _ Commonwealth Telephone (Pa)- 128 108 % 88 M 1st mtge & coll 6Mb C55-A&0 General Water Wks & El Corp— IstM coll tr 6 Ms ser 29" " 96 M 124 109 M Dominion Gas & El 6 Ms *45. J&J 20-yrsf 6Ms 1948 Duluth-Superlor Transit— 26 109M 109% 109 / F&A / Certificates of deposit / Dom Elec Pow 5Ms 1955—M&8 r Dortmund Munic Util 93 107 3M 3M 3 . _ - ... - 40 97 x-w 1st 3 __ 1st mtge s f 6 Ms 1952 Certificates of deposit 8 f deb g 7s 1952- 1.50% 1.00% 101 49 Gen & ref M 3 Ms ser G '66M&S Detroit International Bridge— 0.50% A&O „ 108 % > Com'w'lth El 5s June 1 '43 95 93 f Detroit Edison— Gen & ref 4Mb 1961 ser D.F&A Gen & ref M 4s ser F 1965. A&O 1st 5s 1953 ws 104 M 106 Columbus Ry Pow & Light— 1st mtge & coll tr 4s 1965-M Commercial Mackay Corp— Inc. debs 4s w w 1969 w i— Commonwealth-Edison Co— — / 1.00 1.75 2.00 1957--• M&S / Galveston-Houston Elec Ry— 1st M s f g 5s 1954 opt. _—A&O / -- * 101 1st s f 6s 1st lien coll 58 M&N * Stamped as to Pa tax— Denver Tramway Corp— Gen & ref 5s 1950 ser A J&J Des Moines Ry 1st inc 5s Jan 1 *55 Detroit & Canada Tunnel— 1st mtge s f 6s 1953 M&N Certificates of deposit Convs f deb 6 Ms 1948 M&N Certificates of deposit 1st 5s, 1966— M&N 98 M 90 Telep 2d 6s 1954 J&J Un Wat 6s 1935--J&J Fruit Growers' Express— Equip trust 4Mb to 1941--F&A Equip trust 4Mb to 1943--M&S Equip trust 4s to 1946---M&S Fullerton-Portsmouth Bridge— Denver Has & ElectTic Lt Co:— 1st & ref 5s 1951 99% 1033 104 !M 1944—J&J 5s with warrants 1944--J&J Gary Rys Co 6 Ms ser A 1945 F&A M&N * 106 1st 5s 1949 104"" 102 M 104 % Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 Gary Electric & Gas Go— 67 Denver Gas & Elec Co— ' 102 M 104 M 99 M Sinking fund debs 5s 1946-J&D Fontana 109 -J&J 105 84 M&S Florida 107 M J&J 1st mtge g 4 Ms 1969 1st mtge g 4_Ms 1969 (Scottdale)— 1st lien col tr 5 Ms 1957 Florida Pow & Lt 1st 5s '54--J&J Florida Public Service Co— 1st 4s series C 1955 J&J 106 M J&J 1959 Delaware Power & Light Co— 1st M 4Mb 1971 J&J 105 % Federated Utilities Inc— 82 Delaware Electric Power Co— Independent 1st mtge s f 4 %s ser / Citizens 109 % 109 M 15 Florida Power Corp— 1st mtge 4s series C 1966--J&D _ 1951.J&J Danbury & Beth Gas 6s 1948 F&A 28 A&O A&O Rys 1st 6s 1954 m 5s 1967 Ltg 1st 104 M 101M 1942—M&S 103% Stamped M&S 104 H 1st lien g 6s 1942 stpd—M&S 103 Debenture 6s 1954 ser B— J&D Fed'l Pow & Lt 6s Nov 1,1965— Federal St & Pleasant Valley Pass Ry 5s Mayl 1942 J&J f 10 Federal Water Service Corp— 96 M Conv deb 5 Ms 1954 M&N 39 36 88 94 Service Co— Deb 5s 109 M 107M 1st mtge 3Ms 1966 ---A&O Cumberland Gas 6s w-s 1948M&N / Dallas Power & Light— 1st mtge 3M81967 F&A 87 1st 6s 1955 ser B_ 64 93 M , _ 90 A 101M 86 M 62 92M 70 1st 85 Public ServicexCo— / 82 M 1st 5s (Internat ser) 1953..F&A 1101 Cooper RivBri'geinc 1st 6s'58M&N 83 Copper Dlst Pow 4 Ms 1956 J&D 100 County GaS'(N J) 5s Jan 1 .1952_ 83 M 108 M Erie 48 M 44 130 J&J Electric 6s 1959 Federal Light & Traction— 1st 58 (Amer series) 1942.M&S 89 88 M 2 Continental Telep 5s 108 109 M 97 90 80 1st coll 6s series A 1946- —M&N Deb 5 Ms series A 1970 A&O Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s '40_ J&D / Erie Co Erie & Suburban Ry 5s 1941 A&O Fall River El Lt 3 Ms 1968—M&N Co— 8 Cin Newport & Cov L & Tlst ref 6s 1947 series A__ 108 Erie Coach Co 4Mb 1959 109% 110% 106 M 5 _ x Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N M&N d 109M M&N 109 M&N M&N 1st mtge 3 Ms 1967 1st mtge 3Ms 1970 1st mtge 3 Ms 1966 1st mtge 3 Ms 1969 47 M Ask Bid Bonds Ask Bid Bonds Ask and Income and defaulted bonds month preceding the date of issue _ Elmira Water, 6 118% 104% „ 36 101% 101M „ 103% 101M 104 54 102% 105 M 104% , 105 105 M 104 % 109% 1st ref mtge 3s series P '69.J& D Consolidated Gas Utilities Co—* 6s unstamped 1943 ser A-.J& D 6s stamped 1943 __J& D Corp 6% notes, 1940 A& O Consol Hydro-Elec Wks of Upp J / * terest. n 85" 95 13% t Called Feb. 1 at foi. t Called May 1 at 103. Nominal r Payable in Canadian funds. Called May 1 at 105. k Last sale, 84 84 6^Basis. d Called May 1 at 104M- / This price includes accrued in- FEB., 1940] UTILITY BONDS PUBLIC 75 ; bond prices ere "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—A1 Bonds Bid Light & Power 1st mtge 3%s 1966— „ J&D 110M Houston Natural Gas Oorp— 1st m coll 6s *43 with warr.J&D Hudson Co Gas 5s g 1949—M&N Hudson River Trac 6s 1950.M&S 104 M 126 M 3 Ms 1943. 111 100 102 101 102 M 98 97 109 110% 1st & ref 5s 1947 ser B 1st M 4 Ms 1961 ser O Jer City Hob & Pat—See 95 108% 110M 1st 102 M B—.M&S 64 ser 1st & ref 5s 1956ser O S f deb 5,M« 1957— 106 104 J&D 101% 97 M M&S Indiana Assoc Telegraph— 1st mtge 4Mb ser B 1965--A&O Indiana Central Telephone Co— 1st Hen coll 5 Ms 1938 M&N Indiana Gas Utilities 5s 1946. J& J Indiana Hydro-Electric Power— 96 98% 66 F&A 65% 81 63% 107% 101 102 104 3%sAugl 1942—... 3 Ms Aug 1 1943 3 Ms Aug 1 1944 3 Ms Aug 1 1945 4s Aug 1 1946 4s Aug 1 1947 4s Aug 1 1948--.Indianapolis Ry 5s, 1967 -J&J Indianapolis Water— 1st mtge 3 Ms 1966 J&J Indianapolis W W Sec CoSecured 5s 1958Inland Gas 6 Ms 1938 CertiffcateR of deposit 103M 102 M 101 M ... - 103M 102M 101M 71 106 .J&J F&A 100 60 60 6Ms stpd 1938 (25% paid) Sinking fund deD 7s 1938.F&A 10M 6% notes 1932 21 21 21 A&O 10 92 75M 75M 30 31 32 73 M 73% 72 Certificates of deposit Conv g 7% note 1932 M&S Certificates of deposit Intercontinents Power Co- 73 Debs A 6s 1948 -J&D International Hydro-Elec System Conv deb 6s 1944 w w A&O Internat'l Pow Ltd 6%s 1957M&S Deb 6s 1957 M&S Debentures 6s 1955 J&J International Power Sec Corp— 6M% sec bonds 1955ser C J&D Sec 7s 1957 ser E F&A - Sec 7s 1952 ser F— J&J15 International Railway (Buffalo)Ref & impt 3-5s 1962 M&N Buff Trac 1st 5s 1948 J&D International Telep & Teleg Deb g 4 Ms 1952 -J&J Deb 5s 1955 F&A Int-State Bridge 4-6 Ms *50 M&N Interstate Gas & El 6s 1951- -J&D Interstate Power 1st 5s 1957.J&J Deb gold 6s 1952 J&J Interstate P S (Ark) 6s 1940 M&S Interstate Rys 4s 1943 F&A Interstate Telephone Co— 1st M 5s 1961--. ....A&O Interstate Tel & Tel 5 Ms 1953J&J Investors Telephone 3s 1961 -J&J Iowa Electric Co— A 1961 J&J 22 9 90 % 72 r r r 101% 96% 100 40 44 42% 46% 41M 43 27 M 79 31M 39 M 43 % 66 M 39% 44 54 62 43 62 M 44% 5 8 % 104 102 65 103% 66 M 101 102 M Apr 1 1943 104% 105% 101 _ 15-year 110 2022 ser A—M&S 125% 103% 101%: Iowa-Ill Telep 2-5Ms 1949—A&O Iowa-Nebraska Light & Power— it 1st lien & ref 5s *57 ser A—M&N 1st 1& ref 5s 1961 ser B...M&S Iowa Pow & Lt 1st 4 Ms 1958 M&S Iowa Public Service Co— Deb 5s 1968. ..-.M&S Debenture 6s 1960 M&N 1st mtge 3 Ms 1969F&A . Called June 1 at 102%. Canadian funds, 105 H 104 M 107 M J&D 126% 104% 102% 112 / 106% 105 M 108 103 M 56% 1st f 7s 1957 ser A.—A&O s Metropolitan Edison Go 1st M 4Mb 1968 ser D_—M&S 1st M 4s 1971 ser E M&N 1965—M&N 101M Metrop Edison Corp 6s *61 -M&S 1st mtge 4s ser G 60 101% I102"" 100 48 18 :::: 56 59 110% 107% 109% 110 111% 90 Metro Wat Sewer—See Fgn bds 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 Mexican Utilities 7s 1939—A&O Miami Bridge— Income deb 6s (w-s) Mar 1952Michigan Associated Telep Co— 1st mtge 4s ser A1968 M&N Michigan Consolidated Gas— 1st mtge 4s 1963 ..M&S 106% 103% 104 104 103 104 M 105 loo" 104 7 9% 7% 7 21 21 35 40 84 «... 106 . Serial notes— 4s Aug 1 1940 — 4s Aug 1 1941 4s Aug 11942 170 4s Aug 4s Aug 4s Aug 4s Aug 4s Aug 4s Aug 102% 104 104 102 1 1943 11944 11945 11946 1 1947 11948 — 101% 101% 101 101 2M 41 Michigan Gas & Electric Co— 1st & ref 68 1943 M&S 14 102 1st M 5s 1956 J&D Michigan Public Service Co— 1 st g 5s 1947 ser A. A&O Middle States Util 6s A1951 A&O Middle West'n Telep 6s '43. J&J Middlesex Elec Lt Pow 5s '55 J&J Middlesex & Somerset Traction 5s 1950 J&J Midland Util deb 6s 1938.—M&S Milwaukee Gas Light Co— 1st M 4%s 1967. M&S Minneapolis Gas Light Co— 1st mtge 4s 1950 J&D 89% 85 M 48 M 49 M _ _ - 43 42 M 1 86 108% Minnesota Power & 101% 100% 54 91% 126 85 46% 101% 107 Light Co— J&D 1st & ref 5s 1955 1st & ref 4%s 1978 64 102% 101 103 Mich Fuel & Lt 6s A 1950---J&D M&N 106% 102% Mississippi Power Co— M&S Mississippi Power & Light— 1st M 5s 1957 J&D Mississippi River Pow 5s '51-J&J Deb 5s May 1. 1947 M&N Missouri Edison 1st 5%s *47 J&D 1st & ref 5s 1955 101 108 103 103 103% 109% 104% 100% Missouri Gas & Elec Service— 88 89 65 75 104 103 68 109 60 69 1st 4-5s 1956 ———A&O Missouri Power & Light 1st mtge3%s 1966 J&D Missouri Public Service Co— 1st s f 5s 1960 F&A Missouri Telephone— 109% Missouri Val Pub Ser 6s *39 J&J Mobile Gas Service Corp— 1st 5s 1956 —A&O 1st cum inc 9s ser A '56--A&O Income 7s 1956 A&O 105% 102 M&S 4%s series O 1961 62 105 103 M 105 ... Mob Lt & RR Cons g 5s '41-M&S Mohawk Valley ref 6s 1991 M&N 82 81 83 105% 109% 110 120 98 r 1 95 97 90 76 80 70 102% 120 102 109% 111% 100 1st & ref mtge 3%s 1966—J&D 99% Montreal Isl Pow 5%s 1957 M&N /rl05 Montreal Lt Ht & Pow Consol— 1st & coll s f 3%s 1956 100 F&A 10% A&O 92% 103 108 60 F&A / Monongahela Light & Pow Co— 1st M 5s 1949 -J&D Monongahela Valley Water— 1st M 5%s 1950 series A—J&J Monongahela West Penn Pub Ser 1st & gen mtge 4%s 1960.A&O Debenture 6s 1965 —A&O 92% 108 Montana-Dakota Utilities— Conv deb 4%s 1946 A&O 1st mtge s f 4%s 1954 M&N Montana Power— 96 107% Debenture 6s 2031 A&O Monmouth Cons Wat 5s *56-J&D 84 105 M&S Luneburg Pow L & W W (Germ'y) 1st & coll 3%s 1st M s f 7s 1948 —'..M&N / 12 Luzerne Co (Pa) Gas & Elec— 1st ref&imp g 5s'48 op'13 A&O 108% 1st & ref 6s 1954 M&S 107M J&J 60 52% 1st & coll Conv 1963—--J&J 3%s 1973 J&J 3s 1949 J&J - 98% 106 98 96% notes 115 101 % 105 101 Ry (San Francisco) Meridionals Electric Co— 12 *52f unstmpd—A&O A 1955- St Maryland Light & Power— 1st M 5 Ms 1950 ser A——J&J Maysville P Serv 5 Ms A 1942A&0 Memphis Street Ry 3-5s series A 194o —A&O 3-5s series B1945 Ann April 99 Long Island Lighting— Secured g 6s 1945J&J Conv deb g_5%s *52 ser A. A&O Long Island Water 5 Ms '55 M&N Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st ref s f 5s ser A 1948 A&O 1st ref s f 5s ser B 1950- .A&O Louisiana Pow & Light Co— 1st mtge 5s 1957J&D Louisville Gas & Elec Co (Ky)— Debenture 7s 1944 100 % 85 Lone Star Gas 3 Ms debs *53 F&A Long Beach Gas 1st 5s *56--J&D ser 98% 100 - A&O Lombard Elec Co (Italy)— 1st extl 7s 1952. ...J&D 101M Average priced 6 Basis, Called Feb. 1 at 103. a x 34 99 1967-J&J 1st s f 7s 1940 ser A Q Jan— Certificates of deposit— Co— Lexington Util 1st 5s 1952.-F&A Lexington Water Power Co— 1st s f 5s 1968 J&J Conv deb 5 Ms 1953 J&J Lincoln Gas & Elec 5s 1941 .-J&D Lockhart Power 4Mb 1955.-J&D f 58 103% „ Leipzig Overland Power 8 f mtge 6 Ms 1946——M&N Lewiston Gas Lt 3 Ms O '56. A&O Lexington Ry 1st 5s 1949 J&D r 13 _ 104 Market . 1 st 85% 80 80 Market Street El Pass Ry— See Phila Rapid Transit 37% Lower St Lawrence Power— 80% _ 106% 1st & ref M 3Ms 1966 6 43 Gen sf5Ms 1956 A&O Maritime Telephone & Tel— Ref & gen 6-4 Ms ser B 1966 J&J 36% 1st sfg6Ms 1944 J&D / f 7s 1941 . ^ A&O 85 46 1st M coll tr 5 Ms *53 ser C F&A 1st col&ref 5Msl960 ser D F&A 47 6s coll notes ser A 1942—F&A 42 6s coll notes ser B 1942—F&A 41% La Crosse Telep 5 Ms 1948.-J&J 102 M Lake Shore Elec Ry 6s 1933.J&J 9M General 5s 1933 F&A f Lake Sh Gas 1st 5 Ms 1950. -M&N 82" Lake Superior District Power— 106 1st mtge 3Ms ser A 1966--A&O Lancaster Co Ry & Lt 5s 1951 J&J 116 Lehigh Valley Transit— 1st extend 4s 1945 98 ; .J&D Ref & impt g 5s 1960 63 J&D t 109 106 M s Marion-Reserve Power— 1st mtge 4 Ms 1952 A&O Maritime Electric 4 Ms 1956-A&O ^ 100 O '42.F&A s Ref & gen 4s series O 108 Louisville Ry— 2d 4Mb 1940 M&S General 5s 1950 F&A Lowell Gas Light— 1st mtge 4Mb ser A 1966-M&S Lower Austrian Hydro-Elec— 100M 100M 100M — 1st mtge 4s ser E 1955....J&D in 1st M 1st M 105% Louisv Ltg 5s 101 4s Oct 1 1945 4s Apr 1 1946 — f 5%s '51 ser A—J&J s f 5Ms 1952 ser B._J&J Mannheim & Palatinate Elec Cos 54 102 M 1st mtge 4%s 1980.------J&D Kansas Power 4s series A 64 J& „ 53 5% 43 Manila Elec RR & Ltg Corp— 1st lien & colltr 5s 53—.M&S 2M 3 - 101 101 4s Oct 1 1943.______ * 84 100M 101M 101M 101M 4s Apr 1 1942. 4s Oct 1 1942 ser 48 103 104 M 105 M i&£ 1st extend 5s 1945 100 ... 4s Apr 1 1941 4s Oct 1 1941... rlPayable 1 73 notes—' Iowa El Lt & Pr 7s 53 -J&D Laclede Gas Light Co— Ref & ext 1st 5s 1939 Ret & ext 5s. 1942 Ann O s. 51 Manitoba Power Co Ltd— 1st mtge 3%s 1969 —— .—J&J lllX 88 Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— 1st 6Ms 1942 with warr—J&D f 9 66% Kentucky-Ohio Gas Co— Otfs indebt 2s 1958——-J&D / 30 M Kentucky Power & Light Co— 1 st m 5%s 1948 ser B 100 M&S 85 Kentucky Utilities Co— 65 M 1st M 6 Ms Sept *48 ser D M&S 105% 103 M 1st M 5 Ms 1955 ser F A&O 1st M 5s 1961 series G— -F&A 103% 108% 5sseries HI961 ....F&A 103% 1st M 5s 1969 ser I F&A 102% 1st 6s series K 1957 «¥&? 104% 104 Keokuk Elec 6s 1945 M&N 100 M Kewanee(Ill)Pub Ser 6s A *49 J&J 98 Key West Electric 5s 1956.-F&A Keystone Public Service— 1st M 5s 1978 .M&N 103% Keystone Telephone Co— 1st & ref 5 Ms 1955 ser A--J&D 101M 1st 1 & ref 6s 1951 ser B.--A&0 74 102% Kings County Elec Lt & Power— 108 Purch money 6s g 1997--A&O 160 KingsOoElev—See Bklyn-Queens 104 102 Kings Co Gas & HI 1st m '40 A&O 106 M 61M Kings Co Ltg 1st ref 5s '54--J&J 1 st ref 6Ms 1954 J&J 108 Kokomo Water Works— 12 105 M 1st 5s ser A 1958 J&D Lackawanna & Wyoming Val RK 22 1st 5s 1951 F&A / 12 22 Debentures 6s 1948 F&A 30 Certificates of deposit 4s Apr 1 1944 4s Oct 1 1944.. 4s Apr 1 1945 1M 66 M 75 75 Interborougn Rapid Transit— 1st & ref g 58 *66 op tax-ex.J&J 4s 47 M 36M Kansas Power & Light _ Certificates of deposit— P S Corp II* 51 Inland Power & Light Corp— Coll tr s f 6s A 1936 -M&S Oolltrsf 6s 1941 ser B... M&N Coll tr 6s 1957 ser O A&O f Debs f 7s 1935 J&D Inland Telep 1st 6s 1948 A&O ser 2d income 4s 1963 w 105 M Deb gold 6s Terminal— Manhattan Ry (N Y)— Cons 1st guar 4s 1990-—A&O Certificates of deposit— — — 2d gold 4s 2013 J&D _ 10 99 3s Aug 1 1940. 3s Aug 1 1941. 4s Apr 1 1940 4s Oct 1 1940 74 1st mtge 3 Ms ser A 1966-J&D Kansas Gas & Electric— 95 Serial notes— 1st 4s 72 - Kansas Elec Power— 98 M 6% conv notes 1940—.-—J&D Indiana Telep 5s A 1960 J&J Indianapolis Columbus & South¬ ern Traction 1st 6s 1948--F&A Indianapolis Gas 5s 1952 A&O Indianapolis Power & Light— 3Ms 1st mtge 1968— F&A Serial 106% 104% 102% 97 M 134 112 M 104 Manchester ... ° Indiana Ry & Lt 1st 5s 1943-J&J Indiana Service Corp— 1st & ref M 5s Jan 1,1950-J&J - — 44 Joplin W W 1st 5s 1957 M&S Kankakee Water 4 Ms 1959a-J&J Kansas City Gas 1 st 5s 46-4F&A 1st 6s series A 1942 F&A Kansas City Public Service— 1st ref 4s series O 1957—-J&J 65 106 M 1st mtge 5s 1958 ser A M&N Indiana Pr 1st 7Ms *41 A .M&N 1st 1 & ref 5s 1963Indiana & 8 W Gas & Util 1967 98 Macon Ry & Light 1st 5s '53.J&J 105 Madison Rys 1st g 5s 1936--M&N / Johnstown Traction 4s Dec 31 62 Cons mtge 3s B Dec 31 1962 104 Community Tel 6s 1949—J&J 1st mtge 5s 1960 Illinois Power & Light Corp— 1st & ref 6s 1953series A..A&O 1st & ref 5Ms 1954 ser B..J&D 2-6s. 79 Macon Gas 1st mtge 4Mb *52-J&D 99% 1st income 3-6s 1957 w s An Oct ^ stamped 1942 M&N 107 40 --J&J Jamest'n (NY)Telep 5s 1954 J&D Jersey Central Pow & Lt Corp— 5s 81 104 . 99 Inc deb 6s ser A w s 1952 M&N James River Bridge System— 96% Idaho Power 1st 3 Ms 1967--A&O Illinois Bell Tel 3 Ms B *70—A&O Hlinols Commercial Telephone— 1st 58 series A 1948— M&S 111 103 113 101M Ask McLaren Quebec Power— 1st s f 4s ser A 1959 106 Island Gas & Electric— 25-yr s f 5Ms 1953 ser A—M&S Italian Superpower Oorp— See Investing Companies. Jackson County (Mo) Lt H & P— lst 6s series A 1956—-—J&D Jacksonville (Fla) Gas— 100 J&J A&O A&O F&A A&O _ 127" Bid Bonds Ask 103% 1st & ref 5 Ms July 1 50-M&N Deb 6s 1950 ser A M&N Isarco Hydro-Elec Co (Italy)— 1st Msf 7s 1952 -M&N 105% J&J 4%s due Jan 1. 19703 Ms 1947 2MB 1942 3 Ms 1953 3s Aug 1 1948 111M 102 M 101% 1st M 5s 1954 ser B M&S 1st 58 ser O 1962--A&O Hydro El Bond & Sh 5s 1957M&N Hydro Elec Power Commission (Ontario) Iowa Southern Utilities—, lei& ref 5Ms 1950.------J&J 73 Huntington Water Corp— 1st mtge 6s series A 1954--M&S Bid Bonds Ask Houston f This price includes accrued interest. e Galled Feb. 1 at 105. k Last sale, n Nominal. PUBLIC 76 BONDS UTILITY marked "f" and Income and defaulted bon possible for the closing day of the month preceding the date of tssue NOTICE—All bond prices are "and Interest" except where Quotations for all securities are Bid lionds as near as Ask Bid Bonds Ask Bid Ask r 101 102 r 98 Bonds • Montreal Tramways— 1st & ref g 6s 1941 opt-—-J&J Gen & ref 6s 1955 series A-A&O Gen & ref 5s 1955 ser B.-.A&O Gen & ref s f 4Mb *55ser O A&O Gen & ref 5s 1955 ser D.A&O 87 M 57 83 M 54 M 54 M 72 68" 54 M 105 M Morgantown Water 5s 1965—J&J 86 Mount Hope Bridge 5s 1969. J&D 24 2d Income 8s Dec 15 1969— / Mountain States Power Co— 100 M 1st & ref 5s 1938 J&J 100 M 1st M 6s 1938 series B J&J Mountain States Tel & Tel— 107 M 30-yr 3Hb debs 1968---J&D 105 M Muncie Wat Works 5s 1965.M&N Municipal Gas & El Corp of / 12 Recldnghausen 7sl947 ---J&D Mut Fuel Gas-8ee Peoples GL&C Mutual Un Tel—See West Un Tel Narrangansett Electric Co— 108 M 1st mtge 3 Ms 1066 J&J Nashville Gas & Heating Co— 97 M 1st 5s 1951 —M&N 90" 26 Newcastle (City of) New England G & W 5s *41 J&D E Association 101M 101M 108 M ..M&N Convertible deb 5s 1962-- -J&J New Engl Ppw Assn 5s 1948. A&O Deb 5Ms 1954 J&D New England Power— 3 Mb 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 4Hs 1956— J&J 95 M 1st 99 111M 109 109 M 99M 99 98 M 99 113 106M 25 M 25M 109M 128M 55 62 45 50 105 M F&A F&A 105 M 106 M 65 64 M 65 62 M 98 98 M 99 M 99 M 109 ..j>. 105 M 106 M 107 North Continent Utilities Corp— 1st coll & ref 5Ms *48 ser A. J&J North Penn Gas Co— 1st M & lien 5Ms 1957--M&N North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A *42. J&J North Texas Go 3-6s 1957---J&J North Ind Gas & El 6s "52-.M&N Northern Indiana Pub Serv— 1st 3 Ms series A 1969.—F&A Nor Indiana Telep 4 Ms "55.M&N 102 M 45 105 H 47 M 105 M 106 M 85 M 74 86 M S106M 107" 101 60 101M 68 130 126 M 102 129 M 106 105 A&O (Minn)— 1st & ref M 3 Ms 1967. F&A Northern States Power (Wis)— 1st mtge 3 Ms 1964 M&S 109 M 110M Northern Texas Elec Co— Coll tr s f g 58 1940 opt...J&J / Northern Utilities Co— 1st lien 4-6s 1968—. ——M&N S f reg Income 3-6Ms May 1 "69 N'west Cities Gas 6s 1949—J& J / 106 M 109 M HIM 88 90 66 69 11 13 A&O M&S 4M« 1983 M&N N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 ..M&S 115 117" Certificates of deposit Northwestern Pub Serv Go— / / 66 N J Pow & Lt 1st 4 Ms *60—A&O New Jersey Water Co— 108 M 1st mtge 5s 1950 —F&A New Mex Gas conv 5s 1951 M&N New Mexico Power— 101M --.—J&J Lake— 99 M 1st mtge 5s 1958 New Orleans City & 1st s f 5s 1943 New Orleans City 103 M RR 5s*43 J&J New Orleans Pontchartrain Bdge 1st s f 7s 1946 M&S / New Orleans Pub Service Co— 1st & ref 5sl952 series A..A&O 1st & ref 5s 1955 series B..J&D 5s stamped 1942. J&J Inc 6s Nov 1949 ser A J&D / 18 73 Oborpfalz Elec 7s 1946 J&D / 13 98 M Ogden Corp 4Ms debs 1944._J&J 111M Ogden Gas 5s 1945 M&N 105 M Ohio Assoc Telep 4Mb 1966-J&D 101 102 105 M 9M 9M 98 M 102 M 102 M 106 M&N 102 NewRochelle Wat 5 Ms *51-M&N 1st 5s series B 1951 M&N N Y & East River Gas—See 95 .... Cities Water Corp— 1st M coll tr 5 Ms "53 ser A. J&J 99 M M&N 1st & cons 4s 1965 1st mtge 4s 1967 1st mtge 3 M® 1972 —M&S J&J OO Ohio Elec Pow 1st M 5s "57-J&D 107 106 M 100 108 M 109 M 109 1st g 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949 F&A Ed El 111 N Y con g 5s '95 J&J New Amster Gas 5s 1948--J&J NY & ER Gas 1st g 5s *44-J&J Con 5s 1945J&J 125 M NY&Westch Ltg 4s 2004--J&J Deb g 5s 1954 op guar.. J&J N Y & Queens Elec Lt & Pow— 104 M 113M 104M 114M 1st & cons M 3 Ms 1965—M&N New York Rys Oorp— Prior lien 6s stpd 1958 J&J 108 109 M 126 118M M _ __ 140 121M 112M 123" _ _ _ _ 115 Ad] income 6s Jan 1 1965..Apr Bleeck St & F F 1st 4s '50-J&J / B'way & 7th Ave 5s 1943. J / 103 M N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A..M N Y State El & Gas Corp— 104 M 106 106M M&S M&S / / 9M 108 M 107 M Deb 5 Ms 1959 ser B Electric ■ —- 71 16 102 M 107 107 n 109 M 103 Co— 109 108 105 108 M 108 M _ A—M&S 98 99 M M&S 91 92 M Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A--M&S Pennsylvania Pow & Light Go— 1st mtge 3 Ms 1969 F&A 4 Ms debentures 1974 F&A Pennsylvania State Water Corp— 79 77 108 M 108 M 107 M 107 % 104 M -+• 1—'i.I■ 0 0 Ol tfo i at ref 4 Ms 1968 ser B .M&S 1.103 105 n Refmtg&coll tr3Ms 1964 J&D 105 M Ref mtg & coll tr 3Ms '70.-J&J 94 Penn Wat Serv 5s ser A *67.F&A 106" 105M 86" 90 116 115 95 M 97 H 120 _ . _ H 100 J&D I960.. 104 _ Peoples Tract—See Phila R T Peoples Water Service (Md)— 1st lien 6s A 1949 w w. ..F&A 107 M 108M Peoria Service Co 1st 5s 1954 J&D , 97 M 28 — Peoria Water Works Co— _ . - - - - 93 87 103M J&D J&D 110M 106 H. 107 M F&A 103 M 104 1st M 5s 1948 ser A. ref 5s *41 .J&J / Apr 1 f 15 "51 22 81M Jf&J 55 Ontario Transmission Co Ltd 1st gu £ 5s "45 opt hef "16-M&N M&S Oregon Elec Ry 3s 1958 Oregon-Washington Water Serv— 1st M 5s 1957 ser A J&D Ottawa El Ry 4Ms *48-*55.J&J 104 101 103 Pittsb 2d Ave Tr 1st 5s 1934 J&D So Trac 1st & coll tr g 5s'50A&0 United Trac 5s 1997 ctfs.-J&J West End Trac con 5s *38.J&J Philadelphia Electric— "4" 82 M 58 105 M 107 M 86" 84 Rys 5s 1953.._—A&O / / / / 5 4 M "6" 2M 8 3M 110M 110M 114 115 M „ 3Hsl967—M&S Philadelphia Electric Power Co— 1st mtge 5Ms 1972 F&A Phila & Garretsford St Ry— 1st 5s 1955-— F&A Philadelphia Rapid Transit—■ Coll tr g 5s 1957 opt s f—-F&A 5 f guar 5s 1962M&S 6s gold 1962 M&S 1st m r e 6s 1944 J&J Darby Media & Ches St Ry 59 M 99 100 90 99" 98 103 101 107 M 108 J&J / 21 107 M 117 M Hest Mantua & Fairm— 75 100 1st extd 5Msl939.——M&N / Market Street Elev Pass Ry— 1st g gu 4s 1955 M&N Union Traction— Elec & Peo 4s tr ctfs '45. A&O / _ 1st 4Mb 49 M 95 r 103 102 M .M&N M&N M&N F&A Philadelphia Company— 105 M Secured gold 5s 1967 J&D Ardmore Street 5s 1958.-A&O / 5 106 M Duquesne Lt 1st 3 Ms '65-J&D Duquesne Trac 1st 5s '30.J&J / 12 1st & ref mtge Omaha & Council Bluffs St Ry— '13.F&A 1st consol 48 1948.Prior lien 5s I948-1st con 5s 1948 1st & ref 5s 1950 _ 109 M 106 M 1st mtge 3 Ms 1966 Debentures 4s 1946 1st extd 4s 1947. Ontario Pow 5s *43 op to 8M 108 M&N F&A 108 M Old Dominion Pow 5s May i 104 Penn-Ohio Edison Co— Deb g 6s 1950 ser A 128 105 M 8M 8M 105M 100 126 104 M 108 H riH O O M&N New York State Rys— —— Penn-Jersey Water— 1st coll 5Ms 1960——-F&A 107 M 103 F&A 102 M 3M-3Ms 1941-42 F&A 100 M 3Ms 1943-1944. ———F&A 98 M 4s 1945-1947 F&A Ohio River Bridge & Ferry—_ 100 1st 5s 1942 J&J Ohio Term (Cleve) 6s 1947.-J&D / 38 Ohio Valley Gas Corp— 90 1st 6 Ms 1943 (with warr)— 80 7Ms 1943 —— J&J Ohio Valley Water 5s 1954—J&J 108 * Ohio Water Serv 5s A 1958-F&A 103" 1st mtge 4s 1964 __J&D Oklahoma Ry 1st & Income 5s 1990 12 101 5s 1964 J&J Paterson Ry—See Pub Serv Oorp Pecos Valley Gasext6Ms '44M&N .60 Pecos Valley Power & Light Co 69 1st extended 6Ms 1950.-M&N 11 Non-cum inc deb 6s 1950.M&N / Penn Central Light & Power Co— 102 M 1st & ref 4 Ms 1977. M&N 105 1st 5s 1979 M&N 4s Oklahoma Natural Gas— 38 9 109 110M 105 M 124 X Peoples Telep (Butler, Pa)— 112 1st mtge 3M"s ser B 1955._F&A Oklahoma Power & Water— 108 M 19 93 Elec & 105 M loo" Oklahoma Gas & Electric— 106 M 82 Gas —F&A 1st mtge 4s, 1962 Notes— 3s 1940 110 Passaic 108 109 H 107 M 74 Ohio Public Service Co— NYGELH&P New York Edison Co— 1st 1 & ref 3 Ms ser D 1965. A&O 1st lien & ref 3 Ms ser E'66 A&O N Y Gas Elec LH&P Co— & consol gold 5s 1949 M&S Paterson & State Line Traction— -J&D A&O Deb g 6s 2024-— 1st mtge 3 Ms 1968 100 Paterson 112 83 Peoples Gas (N J) 1st 5s *68-J&D 87 Istsf 5Ms I960 __J&D / 21 Peoples G & Fuel 6 Ms ww'37 A&O People's G L & Coke, Chicago— 1st cons g 6s 1943 __A&0 114M Refunding gold 5s 1947.-M&S 95 M 1st & ref 4s 1981 ser B____J&J 97 1 st & ref mtge 4s ser D *6l. J&D Mutual Fuel Gas g 5s* 47 M&N 1.17 M Peoples Light & Power Corp— 1st lien 5Ms 1941 J&J f 115 Conv deb 5s 1979 J&J / 15 Peoples Light & Power Co— 102M 1st lien coll 3 6s 1961 J&J Ohio Power Co— 97 M 108 Penn Water & Power Co— Ohio Edison Co— 115 „ - 1st coll trust 4Mb 1966.-M&N Penn Telep 1st M 4s 1965..A&O Penn Water 1st 3 Ms A *67—F&A Ohio ______ - 1st 1 &ref 5Ms *55 ser 1st L &Ry 5s 1958 99 M 103 M 104 M 104 1st M 4Mb 1980 1st 4Mb 1960 1st mtge 3 Ms 1964. r 103 M 104M J&J Newport Water 5s 1953 105 M 90 F&A Deb 5s 1956 Newport & Fall River 8t By— Consolidated 4 Ms 1954 J&J Newport Gas Lt 5s A 1961..J&D Newp News & Hamp Ry G & E— 1st & ref 5s 1944 J&D 1st M s f 4s 1957 NY PA NJ Utilities- 110M HO 107 M 1st & ref M3MsserI 1966.J&D Pacific Light & Power Co— 111 1st 5s, 1942 J&J Pacific Northwest Pub Serv— 17 Conv deb 6s 1950 -M&S / Pacific Power & Light Co— 92 M 1st M 5s 1955 F&A Pacific Telephone & Telegraph— 108 M Ref mtgle 3 Ms ser B1966. .A&O 109 M Ref mtge 3 Ms ser C 1966-J&D 104 M Parr Shoals Pow 5s 1952 -A&O Pennsylvania Gas & Elec Co— 17 . 1st M 5s ser A 1957 J&J N'western Teleg 1 st 4 Ms "44. J&J Nova Scotia Light & Power Co— 106 M 106 M J&.l 109 H 112M 109M 112M 1st & ref 4s 1971 ser F M&N 1st & ref 5s ser H 1962...A&0 67 65 104 M 1st & ref 4 Ms B 1970 1st & ref 4HsC 1981 Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st & ref M 4s ser G1964..J&D 1st & ref M 3 Ms ser H *61 J&D Pennsylvania 11 109M Northwestern Penna Gas— 1st cum income 5s 1953..A&0 / Northwestern Power Co Ltd— New Haven Water— 48 70 Penn Public Service Oorp— 1st & ref 6s ser O 1947 M&N 1st & ref 5s series D 1954 .J&D 32M 109 99 Angeles Pacific Co— 51 35 46M M&S - 107 113 r 126 M 102"' 99 49M 34 5s 1942—J&J 1961 Paterson Ext extd 5s 1950—J&D / Northwest Louisiana Gas— 1st M 6 Ms 1936 with warr_J& - / 14 Northwestern Electric— 104 1st 6s stamped 1945 M&N Northwestern Elevated (Chic)— 1st mtge 5s 1941 opt 8M M&S / Union El (Loop) 5s g*45—A&O f 8M Northwestern Light & Power— 97 6s series B 1950 F&A 124 M 126 M Refunding 5s - Boston Ltg Properties 105 M 3MS secured notes 1947-—A&O 1M North Carolina Gas 6s 48.-M&N / 101M North Central Gas 5MB 1955 A&O 104 M&S 1st ref g 4s 1950 opt *15.-J&J Los Angeles Pacific KR— 1st & ref mtge 5s 1943.M&S 37 1st & ref 5s 1962 Northern States Power 99 103 M 102 M&S 1969 Pacific Coast Power 5s 1940-M&S Los Northern N Y Utilities Inc—. 1st lien & ref 7s 1946 A—M&N 1st lien & ref 6s 1947 B...M&N Northern Okla Gas 1st 5s '46-J&J Northern Penna Power Co— 1st & ref 5s 1956 ser A J&D 81M 3 M® Pacific Elec Ry g 4s debentures 1959 F&A 30 Nor Amer Gas & El 6s 1949..J&J / North Amer Light & Power Co— 101M Sf deb 5 Ms 1956 J&J North mtge 1st sf 5s 1952 111M 1966 M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O Nippon Elec Pow Ltd (Japan)— 1st mtge 6Ms 1953--J&J Norf & Ports Bdge 6Ms *47--F&A 6 Ms ctfs of dep 1947 1st & ref 3 Ms 3Ms debentures 1954 109 M 3-3 Ms 1940-1948 A&O Otter Tall Power Co (Minn)— 1st mtge 4s 1961 J&J Ozark Power & Water Co— See N Y Gas Elec Lt & Pow 3 Ms debentures 1949 64 M 64 M Oonv deb 5s 1950 110M 94 M „ North American Co— 64 M Deb g 5s 1947 M&S Conv deb 5s 1948.——-J&D 109 M Ref mtge 3 Ms ser B 1967--J&J N Y Water Service Oorp— 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— 123 M Newark Cons Gas con 5s *48- J&D Newark Gas 6s Apr 1 1944--Q-J 105 Serial notes— 117 M 102 M GEL H & P 104 M J&J Niagara Falls Power— _ Nassau El RR—See Bklyn Que 99 Nassau & Suff Ltge 5s 1945--F National Electric Power Co—• f 5s stamped 1978 ----J 96 M Nat Gas & El Corp 5s 1953.F— 97 5s series B 1947 -J&D r 96 M Nat Lt & Pow 6s 1949 M&N National Power & Light— 111 M Deb 6s series A 2026 _F&A 106 M Deb 5s 2030 ser B M&N National Public Service Cori>— 24 M Debenture gold 6s 1978—F&A f 24 M Certificates of deposit—... / f 3X 76 Nat Toll Bridge 6s stmp '39.J&J J 109 M Nebraska Pow lst4Ms 198L-J&D 126 Deb 6s 2022-..—M&S 81M Nev Calif Elec 1st 5s 1956—A&O 97 Deb 6s July 1941 J&J New Amsterdam Gas—See N Y New York Steam Oorp— 1st mtge 3 Ms gtd 1963 New York Telephone Co— Ottawa Light Heat & Power— Ref & coll tr 4s 1957——A&O 95 1936 . . 99 M 100 M _ People's Traction Co— P P Ry tr ctfs 4s *43.F&A / 13 M 14 M 18 20 _ 94 ♦Called Mar. 16 at 102. Payable in Canadian funds, t Called April 1 at 105. t Called Mar. 1 at 103. x Called May 1 at 105. & Basis. /This price includes accrued interest, k Last sale, n Nominal FEB., 1940] UTILITY PUBLIC 77 BONDS "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All bond prices Bid Bonds Phlla Suburban Water Co— 1st s f 4s 1965 M&S Phila Transportation Co— are Ask 107 54 108 M 55 M Cons 3-6s 2039 1st &ref 4s 1969 88* 80 75 Phila A West Chester Traction 1st 4s 1954 J&J 1st 6s 1954 J&J Phila & Western Ry 5s 190O.J&J 39 48 4 Philippine Long Distance Tel— 1st s f 6s series A* 1953 J&J Piedmont Hydro-El Co (Italy)— 1st & ref s f 6 54s 1960 ser A A&O 9354 42 Pinellas Wat Co 5Ms 1959.M&S Pitts Canonsburg & Wash 5s 1937 4354 101M 6 Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 12 100 107 13 105 Henry L H & P 1st 5s *40. F&A 1854 85 85 84 Certificates of deposit 1st l'n & gen 4 Ms 1940. ..J&J Portland Gas Co 1st 5s 1951-F&A 101M 30 20" 8554 8554 103 Portland(Me) Gas L 5s A'50 A&O Portland General Elec Co— 72 1st & ref 4Mb 196u M&S 105 % 1st M 5s exten to 1950 J&J 85 Portland (Me) RR 3 Ms 1951-J&J 98 1st 1 & con m 5s 1945—M&N Porto Rlcan Power 6s 1950.M&N r 100 98 Porto Rican Rys Ltd 5s 1962M&N r 105 Porto Rico Telep 6s 1944—J&D Postal Teleg & Cable 5s '53.J&J 18% Potomac Edison Co— 108 M 1st mtge 5s 1956 ser E M&N 110 1st M 4 Ms 1961 series F.-A&O Potomac Electric Power— 1st mtge 3 Ms 1966 J&J 108% Power Corp of Canada Ltd— Gonv deb 4 Ms 1959 Ser B.M&S 88 M Oonv deb 5s ser A 1957—J&D 103 Power Secur coll tr 6s '49. -J&D 100 M Providence Gas 4s ser B 1963 F&A 10654 Provincial Light Heat & Power 5s 1946 M&S r 104* Prussian Elec 6s 1954 F&A Public Gas &Ooke 5s 1952—J&D 46 Public Service Co of Colorado— 86 10254 7254 87" 19 10654 101 102 104.78 103 104.85 103 104.74 104.34 103.87 103.17 102.27 101.16 100.14 99 99.53 99.17 98.78 98.36 97.91 97.42 1 1949..., Guar g 5s March1.1953.M&S 108 108 Public Service Co or Oklahoma— 1st mtge 4s ser A 1966 F&A 106 M 10454 10554 151M 15254 102 83 85 102 65 4s Feb 1 1945 4s Feb 1 1946 Public Service Co of Pa— 1st lien & coll 554s '53...J&D Public Service Elec & Gas Co— 1st & ref M 3 Ms 1968 J&J 1st & ref 5s 2037. 1st & ref 8s 2037 95 100 128 10854 109 10654 10754 J&J J&D 104 103 102 101 9654 8654 61 11154 112 147 219 97M 9754 95 9254 93 §754 69 1st & coll 4sl962 M&S .J&D Union— 1st coll trust 5s 1951.. Extl deb 6s 1953 J&J / 83 120 85 9654 106M 107 6554 11 F&A 1154 111 100 66 115 Salt River Val Water Users Assn 6s 1940-1943 F&A San Angelo Telep 1st 5s 1958 F&A 75 1454 125 75 Telep 1st 5s 1948. J&D Southern Trac—See Phlla Co Southern Union Gas— 1st & ref 554s series 11945 1st & ref inc 554s ser 11*45 s f 95 A&O A&O IP* 95 6s 1942...A&O 10754 Non-com 6s (ws) 1951 / Southern Utah Power Co— 1st M 554s May 1. I960—M&S M&N/ Ry debenture 454s 1943—J&D Savannah Electric & Power Co— 1st & ref M 5s ser F 1955.M&S Savannah Elec Co 5s g '52. J&J Sayre (Pab Elec 5s 1947—.A&O 1st & ref 5s 1967 ser A F&A 1st & ref 5s series B1961.F&A Scranton Trans ser A 5s'59_ A&O 4s series B1959 A&O Income 3sApr 11959 M&N Seattle Gas 1st 5s 1954 A&O Seattle Lighting Co— 1st 5s 1944 j M&S 100 100 132 111% 1854 M 138 92 110 10554 5 90 8754 56 654 70 70 71] 71] 454 105% 106 11054 10754 111% 107% 104% 10554 10354 10354 9954 107M 73 71 74 73 7654 109 106 103 10454 35 127 A&O 6154 6154 F&A J&D 81* 62 Deb g 6s 1957 F&A Standard Public Service Oorp— 1st lien 08 series A 1948. F&A 101 108% 36 63 63 63 6154 82* 63 6154 6854 71 71 73 73 , 89 13 13 Steubenvllle Wellsburg & Weirton 104M 105 M 93 M 93 70 55 94 M 94 14% 7154 73 58 16 7254 Ry 1st 5s 1951 —A&O Syracuse Gas g 5s 1946 .J&J Syracuse Lighting 5s g 1951 -J&D Syrac Rap Tr 1st g 5s 1946-M&S 2nd mortgage 5s 1930 J&J Taiwan El Pow s f 554s 1971-J&J Tampa (Fla) Gas 554s '56 A&O 1st 5s A&O 1961 20 117 127 17 M 4M 119 136 18] 5] 55 56 88* 93 97] 77 78 9754 99 95 Telephone Bond & Share Oo— 100 108 Deb 5s J&D 1958 Telephone Service (Ohio)— 96 M 9954 100% J&J Convertible notes— 6s stmp ext May 1 '48...-A&O 6s stmp ext May 1 '48 Debenture 6s 1951 1st lien 6s 1948 ser B J&D Standard Telephone Co— 1st 1 coll tr o%s '43 ser A.M&N Conv deb 6s 1938 ..M&N Stettin Pub Util 7s 1940.—_A&0 10654 96 M M&S Spokane Gas & Fuel 5s 1944.F&A Spring Brook Water Supply— 1st ref 58 1965 ..A&O Spring Val Util ref 6s 1943—J&D Springfield City Water— 1st mtge 4s ser A1956 A&O Springfield (Mo) Gas & Elec Oo— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Debenture 6s 1966 6s gold debs 1957 F&A Standard Power & Light Oorp— 97 M 1st 554s ser B 1957—M&S Silesia Elec Oorp s f 6 54s'46 -F&A Sioux City Gas & Electric Oo— 1st mtge 4s 1968 J&J Telep Oo— M&S Stamford Water 1st 5s 1952..J&J Standard Gas & Elec of Del.— 1065 1023 90 Southwestern States 1st M 6s 1948 If* Light— 1st 6s 1949—— 9754 Sierra Pacific Power Oo— 1st & ref 5s 1960 ser A 1st & ref M 3s ser O 1963—J&J Southwestern Gas & Elec Oo— 1st 4s series D 1060 M&N Southwestern Light & Pow Co— 1st mtge 3Ms ser A 1969..J&D 105 107 M 39 1937..M&S Deb g 6s 2022 series A M&S Southwestern Public Service Oo— 1st M s f 6s 1945 ser A J&J 10754 97 3754 Southern United Gas Co— Southwestern Power & „ Debs f 7s 1942 San Joaquin Lt & Power Oorp— Unif & ref 6s 1952 ser B—M&S San Jose Water Works 1st mtge 3Ms ser A 1961—J&D Mtge g 4s Dec 1, 1943 J&D South Bay Consolidated Water— 1st ref 5s 1950 M&N South Carolina Power Co— 1st Hen & ref 5s 1957 J&J 1954 10554 102 M 107 80 127 102 54 Apr 151940.. 100 4s Apr 15 1941 103 4s Apr 15 1942— 104 4s Apr 15 1943.. 10454 4s Apr 15 1944 102M 4s Apr 15 1945 10154 4s Apr 15 1946 101 4s Apr 15 1947— 101 4s Apr 15 1948 101 San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965—M&N 111M San Diego Co Wat 6s A '62.M&S 1105 San Francisco Bay Toll Bridge— 1st M sink fund 654s '57.M&N £ 17 50 106 105 Southwest Telephone Co— 1st 6s series B 1947 M&S 1st 6s series C 1947 ..J&D Conv deb 6s ser A 1932 J&D Southwestern Assoc Telep Co— 1st M 5s 1961 —A&O Southwestern Bell Telephone— 1st & ref M 354s ser B *64. J&D 102 5s 1942-1946— J&J Sioux City (la) Serv 6sl951.J&3 Somerset Un & Middlessex Ltg— 9754 73 49 101M 106 M S'west Pub Serv 654s M&S Serial debentures— 3s 1940-41 Power— Queensboro Gas & El 5s '52.J&J Conv g deb 554s *52 ser A.A&O Republic Service Corp— 10554 104 Adj mtge Inc Jan 1 6s *60-A&O 1st M pipe line s f 4 54s '51 A&O Southern Neb Pow 5 54s B'47 J&J 102 454s Jan 1 1943... Shenango Val Water 4s B'61 A&O Shlnyetsu Elec Pow (Japan)— 1st sink fund 054s 1952 J&D Shrevp't Bdge & Term 5s'55.F&A Shreveport Rys— Gen Income 4s (w-s) 1957-A&0 95 1st & ref 4Mb 1950 ser D.J&D 10954 108 105 54 Southside Va Pow5s 1956..F&A Southwest Gas Oo (Okla)— 1st s f 6s 1954— M&N S'west Nat Gas inc 6s 1966.. A&O 1st coll tr 4s ser F 1961 A&O 1st coll tr 4s ser G 1969—J&D Conv coll sec 3Ms 1946..M&N Puget Sound Power & Light— 1st & ref 554s 1949——. &D 1st & ref 5s 1950 ser O...M&N Serv 109 Shawinigan Water & Power Oo— 1st M&col b f 454s'67 serA A&O 1st coll tr 454s ser D '70-A&O 1005* Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O Southern Colorado Power Co— 1st g 6s 1947 series A..—J&J Southern Counties Gas (Oalif)— 1st M 454s 1968— M&N Southern Natural Gas Oorp— 10-year coll Scranton-Spg Brook Water Serv— 86 66 100 Wat 10254 106 105 Joseph Water 4s A 1966.-A&O Schenectady Ry 1st 5s Mar 1, '46 Public Utilities Consol Corp— 1st M 5 Ms 1948 M&S 1st coll 4-5Ms 1948 —A&O Puerto Rico El Pow 4s to '56.J&J Rhine-Ruhr 35"" Second Ave Trac—See Phila Oo 4s Feb 1 1943 4s Feb 1 1944— Quebec 68 49 115 —— Scioto Val Ry & Pr 1st 6s *43. J&D Scranton Gas & Water Co— 1st 454s 1958 M&S Serial debentures— 4s Feb 1 1941 4s Feb 1 1942 104$ 109 10354 r ' Santa Barb Tel 354s ser C'60 J&J Sandwich Windsor & Amherst b*g Public Service Co of Nor IU— A&O 10854 South N E 60* 4s 10354 1 1948... 1 1948... 1st mtge 3 Ms 1968 58* Serial notes—• Public Service Co of N H _ 108"" 40 10854 9554 8454 58 1 949 M&S San Antonio Public Service— 1st mtge 4s 1963 ...A&O 102 103 103 M Elizabeth & Trent 5s *62.A&O J O Hob & Pat 4s 1949—M&N Pater son Ry— 2d 6s '14 ext 5% to '44.A&0 So Jersey Gas El & Trac— 23 65 11154 10754 11054 A&O 454s 1962 San Antonio Gas & Electric— Trust certs 6% perpet M&N Camden Sub 1st 5s 1946-J&J Eliz Plainf & Cent Jersey Ry— 1st g 5s Dec 1, 1950...J&J Eliz & Raritan Riv 5s '54.M&N 1—'!-» oo cc oo Ref mtge 3 Ms ser B 1960..J&J Southern California Gas Oo— 1st & ref 454s 1961 M&S 1st M & ref 4s Aug 1 *65. F&A Southern California Water— 102 Salmon River Power— Guar 5s 1952 106 1st mtge 3 Ms ser G1960..F&A 1st mtge 3 Ms ser D *60.-M&N let 3 Ms series E 1961 F&A 1st 3 Mb series F 1966 J&D Public Service Corp of N J HH OO ►£"0 & 3s debentures 1979 J&J Southern California Edison— Ref mtge 3 Ms May 1 1960.J&J 1st M 454s 1960 ..A&O Southern Canada Power— Corp— Gen gold 5sl944 16 48 J&D 1 1949 . I 1st mortgage 5s 1959 Convertible income 4s 1964—. / St Paul Gas Light— 104 . ... A&O St Louis Co Gas 1st 5s 1951 _A&0 St Louis Public Service— Pub Serv Co of Indiana— 3Ms Mar 3 Ms Sept 8854 84 1 HOI 8Ms debentures 1962....A&O 101 M&S 1930 debentures— 3 Ms Jan 1 1941..1 4s Jan 1 1942 St 90 10354 M&S 1 1st lien 6s x-w 1941 J&D S'eastern P & L deb 6s 2025.M&S Southern Bell Telep & Teleg- 10654 Ask Cor Southeastern Gas & Water Co 1st lien 6s 1944 -J&D Serial 10954 J&D 3 Ms Mar 3 Ms Sept 1951 of dep...J&D / S f454sinc A notes 1958.M&S / 66 S f 454s inc B notes 1958.M&S / 47 106 Rome (Ga) Ry & L 5s '46 A&O Ruhr Gas Corp 654s '53 A—A&O / 17 Rumford Falls Power— Gen M 454s May 1948—M&N 10054 1st s f 4s Oct 1945 104 A&O Safe Harbor Water Pow Corp— 108 % 11054 , 1st mtge 4s ser A1969 Serial debentures— 3 Ms Sept 1 1940. 3 Ms Mar 1 1941. 3 Ms Sept 1 1941. 3%s Mar 1 1942. 3 Ms Sept 1 1942. 3 Ms Mar 1 1943. 3 Ms Sept 1 1943 3 Ms Mar 1 1944... 3 Ms Sept 1 1944— 3 Ms Mar 1 1945— 3 Ms Sept 1 1945... 3 Ms Mar 1 1946.._ 3 Ms Sept 11946... 3iMs Mar 1 1947— Ms 3 Ms Sept 1 1947... Water extend 5s Roch Ry cons 5s g >d 5« g 1933 ctfs Rochester Transit 1st mtge 8 f 4%s 1979 J&D Saguenay Power 4 Ms A1966 A&O 1st 4Ms series B 1966—..A&O St Clair County (111) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st mtge 454s 1947. _J&D _ " 10754 111% 107% Gen mtge 3 Ms ser J 1969-M&S Rochester & Lake Ontario 96 Portland Elec Pow 6s 1950-M&S Portland (Ore) Gas & Coke— 1st & ref g 5s '40 opt '20.-J&J 1st mtge 3 Ms 1964 4s s f debs 1949 South Jer G E & T—See Pub Serv ice 120 Gen mtge 4Ms 1977ser D.M&S Gen 3Ms series H 1967—M&S Gen mtge 3 54s ser 11967.M&S 103 Pittsburgh Trac 1st 5s 1927. A&O Plainfield G & E gan 5s 1940 Plalnfleld-Un Wat 5s A '61.M&M Platte Val Tel 1st 4 Ms *58. .M&N Pomerania Elec 6s 1953—M&N Pt Bid Bonds Ask _ M&S 1st 1 & ref 5s 1958 Bid Bonds Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950 M&N/ 1554 Direct mtge 6s 1952-....M&N / 1454 Con mtge 6s 1953....—F&A'/ 1454 Cons 6s 1955— .—A&O / 1454 Richmond (Ind) W W Oorp— 1st M 5s 1957 -M&N 10554 Richmond (S I) Lt & RR 105 1st coll tr t 4s 1952 J&J Rio Grande valley Gas Co—. 1st mtge 5s 1950 8754 A&O Roanoke (Va) Gas Light— 82 1st 5 54s 1951 F&A Roanoke Ry & El 5s 1953..F&A 10554 Rochester Central Power Corp— 82 Deb g 5s 1953 M&S Rochester Gas & Elec Oorp— 8154 8354 10054 5s 1953 M&N Temescal Water 1st 5s A *60 M&N Tennessee Eastern Elec Oo— 1st M 5s 1943 F&A Ref s f 6s series A 1955—-M&N 101 Terni Terre 102 88* 67 62 73 67 106 103 13% 105 105M 1st con M g 5s 1944 M&N Terre Haute W W Oorp— 1st M 6s 1949 s* A J&D 1st M 5s 1956 ser B _F&A Texarkana Wat 1st 5s '58 F&A Texas Elec Ry 5s 1947— J&J Tex Trac 1st 5s 1937 opt—J&J Texas .Electric Service Co— 1st mtge 5s 1960 -J&J Texas Gas Utilities Co— 1st 2-6s 1951 M&S / Texas Hydro Electric Oorp— 1st mtge 6s ser A 1956 A&O 101 103 Texas Pow Oorp 6s 1950 ^General 101 104 81 Hydro Elec 654s 1953.F&A Haute Traction & Light— 86 054s 1950 M&S M&S Texas Power & Light— Deb g 6s 2022 ser A.....-J&J 1st & ref 5a 1956 M&N Texas Pub Serv 1st 5s (w-s) 1961. 100 10154 10354 96 4254 42M 109 102 102 10554 354 3M 104% 22 88 454 4M 105 25 89 102 94 117 10754 9854 Texas Traction Oo 5s 1937-.J&J / 1 96 119M 10754 9954 .... 99 il ♦ n Called Feb. Nominal, r 1,1940, at 105. t Called Mar Payable in Canadian funds. 1 at 105. a Average price. 6 Basis. /This price includes accrued interest. k Last sala< BONDS PUBLIC UTILITY 78 NOTICE-—All bond prices are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the Ask Bid Bonds Bid Stocks Ask Bid Bonds and Incom* and defaulted bonds month preceding the date of issue * Third Avenue Ry (New Waukesha Gas & Electric Co— 1st 5s 1959 J&J York)— 1960 opt aft *14 J&J Adj inc g 5s Jan 1960 opt--A&0 Third Ave BB 1st 5s g 37- -J&J Union Ry 1st 5s g 1942.-F&A Westchester El 1st 5s g 43. J&J Yonkers Ry 1st 5s 1946—A&O Tide Water Power 1st 5s 79-F&A Toho Electric Power (Japan)-— 1st s f 7s 1955 ser A—M&S15 Tokyo Elec Light Oo (Japan)-— 52% 14% a 97 98% 75 65 1st ref g 4s 82 Hydro-Electric— 1st 68 ser A 1950 J&J Conv deb 6**s 1945 J&J West Coast Telep 1st 4s '64.M&S West End St Ry—See Boston El 56"" J&D15 1968—-J^ _———J&J S f deb 4s 1948 Traction Term'l Corp 5s 1954—J&D 70 107 73 108 6% preferred. 120 122 Common class A. 108** 115 % 112 84" 81 1st ext 2d extended 65% A 1952--J&D 57 B 1952--J&J Twin States Gas & Electric—105 1st 1 & ref 5 %s 1945 Ser A-M&S Tyrol Hydro-Electric Pow Co—lit M 8 f 7Hs 1955 M&N / 12% Guar s f 7s 1952 -F&A / 12% UjlgaWa Elec Power (JapaiD--1st M s f 7s 1945 M&S15 Union Electric Co of Missouri-— 106% 1st mtge & coll tr 3 %s 1962 J&J 102% 3% notes, 1942----------J&J 1st lien & ref5%s J&J 77 West Virginia Water Service— 1st mtge 4s 1961 A&O 105 -— Westchester Lt 1st g 5s 89% 103 102 60 A&O 70 65 A&O 75 Union Ry—See Third Ave Ry Union Traction—See Phlla R T Co— A.M&N Unit Elec Co 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)— Extl 1st s f 7s 1956 ser A—J&D 98% 90% 101** 43** 43% 81 108% 77% 118% 77 88% 99 10 '100 . 69 68 66** 101** 76** 67 77** 75** 64** 108** 15** 65 108** 108 109 103 Co— 108** 109 106 106** Serial debentures— 100** 103 104 ... 4s June 1 1943 103 4s June 1 1944 102 4s June 1 1945 101 4s June 1 1946 100** Public Service Corp— 109** 1st mtge 4s 1961 —J&D Wolverine Pow adj 4 **s Mar 1 '59 .... 101% 102 109% 44 Worcester Transit Association— Cum income 6s 1952 J&D1/ \ Cum income 6s (w s) 1952. J&D / Wuerttemberg (Germany)—See Hydro-Elec of Wyoming Vail P S 6s 1971-A&O Yadkin River Pow 1st 5s *41 A&O Yonkers Ry—See Third Ave Ry York (Pa) Gas 1st 5s 1941.M&N York Haven Wat&P 1st 5s'5lJ&D York Rys 1st M * 5s *37 opt-J&D 5s stamped 1947.. J&D 102% 68 ^Utilities Power & Light Corp— Deb g 5%s 1947 J&D / Deb 5b 1959 F&A / 93 92% 92% 93 $7 pref Alabama Power 72 76 $6 preferred * $5 preferred * Alabama Water Service6% pref.* Allegheny Traction—See Utilities Public Service Co— J&D f Vermont LtgCorp 1st 5s*44 A&O / Vesten Elec Ry 7s 1947 J&D f Virginia Electric & Power— Conv 6s 1933 15 8 12% 12" Pow com Amer & Foreign 109% $7 preferred$7 second 2nd pref series A $6 cum pref 102% 101% 102% 104% 102 99 Amer Gas & Elec new com Warrants 75 73% 52% 18* 125 Washington Ry & Elec Co— J& A& A& F& 108% 96% 109% 100 111 100~" 96% 108 107% / / 6% * 8 7 7 8 * * 10 100 ♦ & 106 95 85 98** 36** Traction. —25 25 Light com —* $6 pi pferred* $5 preferred-♦ Amer Public Serv 7% pref—100 American Service S3 preferred-.* Amer States Utility com 5** % preferred 25 Amer Superpower Corp com—-* First |6 preferred * Preferred $6 series * American Telep & Teleg——100 Amer Utilities Service com * 6% preferred ■-25 Amer Wat Wks & Elec com * 2 1% 23** 5** 19% 37 99 16% % —.100 152 96% * 100 1 102 108 100 1.10 42% 15% 50 6 % preferred Cent Hud G & El com * ; 100 4 % % pref. 115 100 112% -—* 83 pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow 56 pref—100 6% preferred.— ---——100 87 preferred 100 100 pref- — 65 Cent Indiana Gas 6**% 69 108 108 Cent Ohio Lt & Pow 6% pf Central Pow & Light 7% 6% preferred Cent & S W Util Prior lien 99% 100 5% preferred 09 * pref 100 100 109% 109% 50c * 70 * 117 6% pf-* 104 5 ctfs—* —* partic ctfs ser 1—100 1 com preferred 1% 5% Central States Edison 110% 2** 1U% 15** 2% % 15% 29 30 3** 54 44** 97** 16 2% 16g 4 54% 45% 8* 3 & L 57 pf— Central West Oo. v t c Chicago Rys 100 Series 3 100 Series 4_ 100 Cincinnati Gas & Elec 5% pf 100 i* % 50 Telep—50 com.—— 10 -—100 Cincinnati Street Ry ** 74** 171% 25c 35c 7** W* 99 115 * 110 a. — __ 109% 2% Preferred Preferred B Preferred BB Cities Serv Pr & Lt 56 pref 87 preferred * * 97 4 55% 5% 52% 82% 86 — % % % Series 2 Cities Service 14 1% Chic City & Con com part Pref partic ctfs Cincin & Suburb Bell 73** 13** 170** 6% 10** 95** Central States Pow Cent Vermont Pub Serv 17 114 110 2% 99 4% 55% 5% 55 83% 89% Phila R T Traction—See Phila Co Citizens' Pass Ry—See Citizens 112 6% preferred f New corporation will be known as Ogden Corp. * No par n Nominal, r Canadian price, x Ex-dividend. k Last sale, 84% 103% 25% 14 Preferred 36** $6 1st preferred * Appalachian El Pow 7% pref —* « 3% 84** Central N Y Power Oerp-:- 59 $ 1** ' 105 4**% preferred 1** 22** 5** 21% 103% 9 98 1 % 23 90 95** 93** 13 60 Water—-—100 118 84 1% 13** * -* $7 preferred 87 54 — Cent Arkan Pub Serv Corp pf Central Elec and Tel com 94** 15% 54% 6% preferred 100 Central Arizona Lt & Power Co— $6 preferred — * 101** «■ preferred. Amer Power & 73 69 M 5s 1955 M&N 1st lien & ref 68 w w 1960-F& Washington Gas Lt 6s *60—M&! 23 105 150 100 Light 57 pref (Carolina Tel & Tel * t-r $6 preferred— 4%% cum preferred. Amer Gas & Power com American Light 1st 5 * WtUTftDtS 103% 98% 50 36** 27% 2** 6% *r 56 preferred. Casco Bay Lt & 105 94 7 36 * 201 wireless Ltd— Carolina Pow & Phila On Allentown Beth Gas pref Amer Cable & Radio Corp 109% 1st & ref M 3%s B 1968—M&S Virginia Public Service Co—■ 1st & ref 5%s 1946 ser A--F&A 1st & ref 5s 1950 ser B J&D 1st & ref 6« ser O 1952——M&S Deb s f 6s 1946 F&A Wabash Telephone— 1st M 4J*s A 1956 J&J Washington Gas & Electric Co— 1st s f 5%s 1947 F&A & Cent 111 Pub Serv 56 * 148** 46% * Cent Illinois Light 3% 2% 114 100 Ry com Capital Transit (Wash, DC) PUBLIC UTILITY STKS. _ M&S / 104** Ordinary shares -—-— Amerdeprec 7**% A ord—£l Amer dep rec B ord £1 Amer dep rets 5**% pref £1 Calif-Oregon Power Co— 6% preferred series of 1927 100 6 % preferred 100 Calif Water Serv 6% pref 100 Calif Water & Telep 6%pref__ .25 Camden & Rockland Water—100 6% preferred -----100 Canada Nor Pow com * Canadian Marconi 1 72 21 60 Light Cot i c—25 Brooklyn Edison 100 Bklyn Manhat Transit * 56 preferred series A * Certificates of deposit * Bklyn & Queens Transit com—* 56 preferred * Certificates of deposit-. * Bklyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas * Buffalo Niagara & East Power— 5160 prior preferred 25 55 1st pref * 46 104** 3 48 100 Co Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A Cable —. Edison Class B 76 J* 101 A&O 81 77 Brockton Gas 65 57 82 • Brazilian Tr Lt & Pow ord——-* 104 4s June 1 1941 6 Boston Boston Elevated 101** 105** 5s Wisconsin 166** 123** 64** 2 $3.50 prior preferred— —50 $6 preferred 10 Birmingham Wat Wks 6% pf-100 Blackstone Vai Gas & El pref. 100 65% Winnipeg Electric CoGen 4-5s series A 1965 J&J Gen inc 4-5s ser B 1965 J&J Wise Elec Power 3%s 1968-A&0 Wise Fuel & Lt 1st 5s 1948..M&N Wisconsin Gas & Electric— 4s June 1 1942 5% 100 * * — 104 57 2 * com Birmingham Elec 57 pref 56 preferredBirmingham Gas common 101 109 57 110 River Bdge—* Hudson Biddeford & Saco Water 105 4s June 1 1940.. 131 Telep of Pa 6**% pref —100 Beverly Gas & Elec 25 —100 73 _ 39" 1.65 22% -25 -100 100 Bell 93 71** 1947 ——A&O Wisconsin Michigan Power Co— 1st mtge 3%s 1961 J&J Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D 100 1st guar 5s 1949— City & Sub 6s g 1948 Washington Water Pswer Oo— 1st mtge 3 **s 1964 J& Waterloo Ced Falls & No Ry— 1st M s f g 5s 1940 J& Certificates of deposit 101 88 103 M 45c Beaver Valley Water 6% pref-100 Bell Telephone (Canada) 100 M&N 1st 119 * 100 v t c Beauharnois Power 103 '52--J&D Westphalia United El Pr (Germ) 1st M s f 6s 1953 J&J / 14** Wheeling (W Va) Electric Co— 1st mtge 3 **s 1966 Wisconsin Hydro-Electric 97 2** 100** M&N 1941 opt Mt 20 101% Bangor Hydro Elec com 7% preferred 6% preferred Bear 1949--—-M&S F&A 1st M 5s 1960 ser O M&N Williams port Water Co— 1st M 5s Aug 1952 ser A—F&A 100 * Preferred 104** 19 pref- -100 pref * 103 1st M 5s 1956 ser B 99% 102% 1944—F&A Consolidated 4s 1951 Anacost & Pot 5s 1949 104** 107% Wichita Water 6s lstlien& gen M 4%s 1944.F&A 99% Utica Belt Line Street Ry— 1st 5s 1939 M&N / 4 124 Utica El L & P 1st 6s I960—-J&J 132 Utica G & El ref & ext 5s '57 J&J Co Bldg (Kanata Realty)— 101 5s 1956 F&A Utica & Mohawk Valley Ry— , 2** 26% * va Atlantic City Elec $i * Bait Transit Covtc 106 ConsoJ Utah Power & Light Co— Deb 6s May 1 2022—M&N • 1 % 5%to*4lK&N 15-year s f 6s 1952 Westmoreland Wat 5s 1st M 5s (Hamilton)— 1941 104 - Class A 108** Western Utilities Corp— ' 1948 J&J r 103 United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A tioo United Light & Power Co— 78% Debg 6%s 1974—-----M&N 107% 1st 1 & consol 5%s 1959—A&O 77% Deb g 6s 1975 .--M&N 118 United Lt&Rys(Me)6s A 62 A&O 75% Deb 6s 1973 ---J&J 88 Un Lt Rys (Del) deb 5%s.52 F&A United Public Utilities Corp— 96 Conv coll tr 6s A 1960 J&J 98 Convcolltr 5%s B 1960—J&J United Rys Cos 4% ctfs *49-J&J / 39 United Railways of Havana— 7 Eq 7%s Feb 15 1936 F&A / United Rys of St Louis— Gen g 4s July 1 1934—<,—J&J / 38 City & Sub Pub Serv 5s '34-J&J / 38% United Securities Co Ltd— 55 Coll s f 5%s ser A 1952-M&N 55 Coll s f 5%s ser B 1952—M&N 91 United Telep Del 6s A 1948 A&O 100% United Tel & Tel 5%s A '53.M&N 101% 1st lien 6s ser B 1953 M&N United Traction (Albany)— Con g 4%s 2004 4 Jocju» / Unit Trac (Pgh)—See Phila Co Unterelbe Power & Light Co— Sink fdM 6s 1953 A&O / 12 Upper Mich Pow & Light— 1st mtge 4s ser A 1959—-F&A 100% Utah Lt & Tr 1st 5s 1944 A--A&O 101% 4%s 1954.A&O 4s 1948-1953 Mut Un 6s ext at 103% 118** 1st s f 5%s 1st A&O 1944.-M&S 6 Western Lt & Telep 5s Western Mass Cos— 6 Assoc Atlanta Gas Light 6 3%% coup notes 1946 J&D Western N Y Utilities 5s '46. J&D Western N Y Water Co— 1st M 5 **s 1950 M&N 1st M 5s 1951 M&N 1st 5s series B 1950---—J&J Deb s f 6s extd 1950 -M&N Western Pr Lt & Tel 6s 1948. Western Public Service Co— 1st & ref 5**s 1960 F&A Western Union Telegraph— Fdg &REM 4%s g '50—M&N 25-year g 5s 1951J&D 30-year 5s Mar 1 1960— _ au&S 87 Union Gas System— . 1st M & coll s f 5s 1948—J&D Union Passenger Railway— 1st lien gen M 5s 108 Western Cont Util 6s Investing Companies Public Utility * Telep Oo Ltd 51.25 pf * Assoc Telep & Teleg $6 pref--—* $7 1st preferred 100 see 106** 126** *50—J&D Gen mtge 3**s gtd 1967.--J&J Westchester Service Corp— 85 1939-42 J&D 1st serial 4 %s 1943-45 J&D lst4%s 1950. - — -J&D United Gas & Fuel Assoc General Utilities— Associated „ 1st serial 4s First lien 5%s '51 ser Option warrants 104** Westchester Elec—See 3d Ave Ry 108% 103 % 1% 1% Utilities Co— Texas Bridge3%-6 %s, I960 60 1 ♦ 86 104 Union Gas Co. of Canada— Union Water Service » ♦ * 1st mtge 3 %s ser A 1969-M&N West Virginia Ohio River 100 95 ♦ * $6 preferred. 83 West 65% 2 Union Elev RR—See N W Ele v Union Gas & El 1st ext 5s '40M&S 5%s -1 116 65 A&O 1956.—M&N 3**s 1956 95% 89% % % % % 2% * -1 "4" 1st lien & ref 5 %s 1st 4s Mar 31 1961— 2d ext 4s Mar 31 1960 0 West Philadelphia Pass Ry— 124 104 7 10 1st M 3**s ser I 1966-——J&J West Penn Tr 1st 5s 1960—J&D 108% 2% 2% * Class A. M&S 1st M 5s 1963 series E 57 6% 48 * West Penn Power— 56% 107% 104% 57--J&J 1949.-M&S Trl-County Telep4%s B 56 A&O Troy City Ry 1st cons 6s '42 A&O / Twin City Rapid Transit Co—_ Trenton G & El g 5s 1 Trac—See Phila Co West Ohio Gas 6s A 76 49 50 88 104 West End 101% 5% * - Common 90 103 West Penn Elec deb 5s 2030- A&O 53% 101% _ 1st g 6s 1953 series Toledo Edison 3**s Arizona Power $6 preferredArkansas Missouri Power— 115 West Canadian value. t To be paid at maturity, 1% Citizens Utilities com t Called Feb. 13 at 110. b Basis, 1% / Flat price* FEB., 1940] Stocks Par Bid 103 *4 103 Clear Springs Water pref Cleve Elec ilium common ♦ 100 * 45 46 112 114 20 ! Optional warrants. $6 preferred.. 18*4 108 *4 V 6*4 88 *4 67 82 32 32*4 1*4 IX % J 33J 65 63*4 n 104 n 10715 2l'X' 37* 25*' 116 * 45 48" Conn Gas & Coke Sec pref Common * 44 46 65* 67* 116 6* Consol Gas Co (Pgh) pref 50 Consolidated Gas Utilities com.l Con v * Electric Bond & Share $6 preferred $5 preferred Electric Ferries common 5 58 X IX 113 107 . 117 115 26 28 111 *4 60c 112*4 12*4 51*4 11*4 it* 12*4 123 124 76 X 77 5c 25c 3 b iS* n 135 140 3*4 lie* 44-/4 58 62 15*4 17 1.10 2 20 *4 lh» 8 93 87 2 3*4 20 22 31 31*4 4*4 3*4 J* 66 67 * 56*4 57 X * d" 100 70 58* 6% * * 2d pref series A "6*4 29 X 25 H 29 X 25% * 7% Preferred Eliz & Trenton RR 15 X U2% Optional warrants El Paso Electric Co (Del) Preferred series A 7% El Paso Nat Gas com 2% 3 97 37 36*4 Elisabethtown Water Cons Elizabeth Consol Gas ..100 .50 110 50 com Preferred 62 100 100 110 115 210 220 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf-.100 Empire Gas & Fuel Co pf 8%_100 Preferred 7% .100 6*4 % preferred 100 6% preferred 100 Empire Power Corp— See Invosting Companies. Empire Telephone com * 6% Preferred 26 Engineers Pub Serv com .1 $5 cumulative preferred * $5 *4 pref (with warrants) $6 preferred * Essex Company European Elec class A 55 45 50 10 Fall River Gas Works 25 Federal Light & Tr com 15 Hamilton Gas llarrisburg 90 * 14 15 85 R * * 50 52 13 "1*4 100 3*4 2*4 Idaho 100 113*4 111*4 3 X 23*4 4*4 7% pref 6% 1st preferred * Illinois Iowa Power common 5% conv preferred * 50 Arrears certificates 37 50 ♦ 62*4 108*4 Indiana Assoc Telep $6 pref ♦ Indiana & Michigan Electric— 7% preferred 100 Indiana General Service— "3*4 24*4 5 39 64 110 112*4 110 6% preferred 100 Indiana Hydro Elec 7% pref. 100 Indiana Service Co 6% pref—100 7% preferred 100 Indiana Telephone Corp 100 Indianapolis Power & Light— 6% preferred -.100 6*4 % preferred 100 Indianapolis Ry Co v t c 100 Indianapolis Water 5% pref. .100 Interboro Rapid Transit. 100 Certificates of deposit Internat Hydro-El S.vst A 25 Conv pref $3.50 series 50 112*4 84 83 13*4 15" 12 28 107*4 111*4 105 111 "3*4 4 3*4 4*4 12 12*4 Warrants Internat Ocean Teleg (guar)..100 Internat * Power Securities 100 Units. 100 International Ry v t c Internat Teleg of Me (gu) International Telep & Teleg Foreign share ctfs International Utilities— ' 73*4 4*4 ' 8J* 36 X .100 28 * 4*4 96 39 35^ 4 * 4 4*4 4*4 Investors Telephone com Iowa Electric 6*4s pref... 7% preferred * * * 25 4*4 5*4 3*4 16* 29 II* 100 31 33 pref. .100 100 77 79 87 Towa Power & Lt 7% pref Iowa Pub Serv $6 pref 100 100 85 Common See n Nominal. r Canadian price, 89*4 2 90 24 28 27*4 15*4 5*4 85 * 94 Ry(San Francisco) 6% prior preferred 100 Power & Light Associat'n 3*4 Mass Common with warrants Common without warrants $2 Preferred Warrants * 95c * *4 25*4 3*4 * * See Investing Companies. Memphis Natural Gas Metropolitan Edison Co-—• 5 $5 cum preferred $6 preferred series C $6 prior preferred 7 % prior preferred 97*4 * 105 * 109*4 110*4 Michigan Consol Gas Michigan Gas & Electric— 7% prior preferred Middlesex Water 100 100 10c 5*4 4 106*4 94 45 Middle Wait Corp com 5 * com Convertible pref A * Midland Util 7% prior lien 6% prior lien 7% preferred class A 100 100 .100 6% preferred class A 100 Minnesota Pow & Lt 7% pref 100 $6 cum preferred 100 Mississippi Power $6 pref * $7 preferred .♦ Miss Power & Light 6% pref-. _* Mississippi Riv Pow 6% pref.100 Mississippi Valley Util * s% 2*4 5*4 5*4 *4 98* !?* 9514 84*4 116*4 Missouri Pow & Lt $6 pref * Missouri Pub Service com * Monongahela L & P—See PhilaOo Monongahela St Ry—See PhilaOo 103 Monongahela Val Water 7% pfd_ Monon-West Penn P 8 7% pref 15 98 com. 5% preferred 6% preferred 10 28*4 7 ..100 80 100 ♦ 90 Montana Power 6% pref Montreal L H & Pow Cons Montreal Telegraph Montreal Tramways com. Mountain Fuel Supply Mountain States Power 7% preferred com " * National City Lines com.. $3 conv preferred $6 preferred Nebraska Power 7 % 100 50 10 * 1 50 10 * 17*4 79 137 33*4 43^ s* * 93 1st pref 100 .....100 116 6% preferred Nevada-Calif Electric com 100 Preferred 100 New Bedford Gas & Edison Lt-25 New Cable & Radio Corp— Cable 107*4 31*4 40 100 New 5% pref w i 50 Mountain States Tel & Tel 100 Nassau & Suffolk 7% pref—-100 Amer 4*4 & 111 1 30 61 Radio. New Eng Gas & Elec Assn— $5*4 preferred stamped 105 101*4 * 102 New Eng Pow Assn * 12 ♦ 103*4 5*4 70 15 109 103*4 104*4 New Mexico Gas 6*4 3*4 II* 100 ♦ * 108 * * com 6% preferred ..100 $2 preferred ♦ New England Pow Co $0 pref.100 New England Pub Ser com $7 prior preferred * #7 preferred.. * $0 preferred * $0 prior pref * New England Tel & Tel— 100 New Haven Water 50 New Jersey Pow & Lt $0 pref * New Jersey Water pref 100 100 100 pref ser A * Jersey Cent Pow & Lt 7% pf.100 6% preferred 100 5*4% preferred 100 cum 105 * i iH 18 Investing Companies. Jamaica Pub Service Ltd Preferred Jamaica Water Supply 6 101 (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref See Iowa Southern Utilities— 6% arrear certificates 7 % arrear certificates Italian Superpower— £1 National Gas & Elec com National Power & Light com Invosting Companies. 23 25c 56*4 15 Amer dep rets for ord shs Marion Montana Dakota Utilities 8 6 101*4 3*4 2*4 100 Midland United 115*4 Illinois Power & Light— $6 preferred Illuminating Shares class A Louisville Railway Co 100 Preferred.. 100 Lowell Electric Light 25 Luzerne Co Gas & El $6 pref.100 Mexican Northern Ry com_-_100 Preferred 100 Mexican Utilities preferred 100 103 $5 it Last sale. 18 117 12 100 Common Co"" 11*4 100 91 I 36*4 11 * 104 115 Mass Utilities Associates— 20c 47 Huntington Water 7% pref 87 Fed St & Pleasant Val—See Phila 33*4 33*4 70*4 16*4 6*4% preferred $7 preferred 99 10c 19*4 100 -.100 Market St b 110 Holyoke Water Power 75 86 97 X 36 47 72 64 B* 6X b 5% preferred 6% preferred. 30c 105 Commun'y— Preferred 25 Havana Elec Ry com -1 6% preferred 100 Havana Elec & Util $5 pref 6% preferred Haverhill Elec Co 25 Haverhill Gas Light 25 Hestonville M & F—See PhilaRT 7% preferred T 114 114*4 "3*4 Iowa El Lt & Pow 6% ~7" 97 112*4 35 Louisiana Power & Light $6 pf. Louisv Gas & Elec com cl A * Certificates of deposits 36 66 R 94 £A 42*4 5 Modified 5% guar. Certi ficates of deposits Marcon Int Marine 3*4 68*4 Power 5 76 100 85*4 llly* 32 50 preferred 100 * 100 Manhattan Railway 7% guar 100 34 non-cum 7*4 16*4 52 9*4 25*4 25 65*4 6*4 85 * Houston Lt & Power $0 pref Houston Natural Gas com Preferred.. Hudson & Manhattan 100 Corp Long Island Lighting com 7% preferred A 6% preferred B Longview Bridge class A 91 25 69 Preferred ($6).. * Federal Power & Light com—50 10* * Harrisburg Gas 7 % preferred. 100 64 16*4 v^lue. 90 1 Harris burg Rys common Hartford Electric Light Hartford Gas com 25 $7 preferred. 100 Lynn Gas & Elec Co 25 Mackay Companies 4% pref-.100 Maiden Electric Co 25 Maiden & Melrose Gas Lt 25 87 T 20 68 60 101*4 95 common 64*4 Phila 10*4 40*4 89 25 Interstate Power pref $7 $6 preferred 23 43 *4 9*4 39*4 * * Bridge 70*4 9*4 106*4 42 __25 68*4 ?J* *Without par 5°% 105*4 25 7% pref class A Hamilton Bridge common See 21*4 21*4 101 Interstate Natural Gas 13 17*4 16*4 * ... 90" 12 27 * $1.25 pref 75 * Fairm't Pk & Hadd Pass Ry—See Fall River Elec Light 25 Gas 65 96 72 Corp $6 pref...* International Power Co 1st preferred — 100 Pow 90 102 100 Phila 3 75 100 100 100 5% preferred PhilaRT $5.50 preferred Hackensack Water 19 100 $6 preferred Green Mt 5% * 6% preferred.. 8% preferred _Z Elec Power & Light Corp $7 preferred .; 12 110 104 • * com stock.. Coates—See 45 Lexington Telep 6% pref 100 Lexington Wat Serv 7% pref.100 Light &mPow Securities Co.. _* .* Gulf States Util $6 pref 54 100 Eastern Minn Power 0% pref * East Shore Pub Serv 6*4% pf 100 6% preferred 100 Eastern States Gas ♦ Easten Telep & Tel eg Pass—See 99 45 30 21*4 1 — 107 X 102 2 * 6% preferred ..100 4*4% prior preferred ;.100 Eastern Mass St Ry com .100 6% 1st pref stamped 100 6% pref B stock 100 5% adjustment stock -..100 Eastern Mich Transportation. A. — Germantown . Laclede Gas Light 106*4 107*4, Lawrence Gas & Elec Co Lewiston Gas Lt 5% pref 22 Corp $6 pref..* Gen Telep Tri Corp. 20 $3 preferred 99 6% preferred 100 7% preferred 100 Kentucky Utilities 6% pref. .100 7% junior preferred 50 Keystone Pub Serv $2.80 pref..* Keystone Telephone $4 pref 50 Key West Elec 7% pref.. 100 Kings Co Ltg 7% pref 100 5% preferred 100 30 * com 92 20 Allied Gen Wat Gas & Elec • 53 Warrants Gen Telep Kansas Gas & Elec 7% pref. .100 6% preferred * Kansas Power Co 6% pref 7% preferred Kansas Power & Light— 1 30 22 * preferred- conv 100 20 Greenwich Wat & Gas 6% pf-100 Gulf Power $6 preferred * . *4 *4 7% preferred 50 * Gloucester Elec Lt Co Gold & Stock Telep (guar) 91 103 5c 98*4 112*4 119*4 106*4 20 20 36 178 90 100 $4 preferred * $5 preferred * East Coast Public Service v t c. -1 East Middlesex Street Ry.—100 Eastern Gas & Fuel Assoc's com * $3 Green & 101X Dayton Pow & Lt 4 >4% pref. 100 Denver Tramway corm. * Preferred / 100 Derby Gas & Klec*$7 pref r 120 .100 Preferred 106 X 100 r 4*4 13*4 96*4 4*4 12*4 95*4 * * Lone Star Gas Gen Telephone Corp com Common Cumberland Gas com vtc 1 Cumberland Co (Maine) Power 6 Light 6% preferred. 100 5*4% preferred. 100 Dallas Power & Eight 7 % pref 100 6% preferred._V. * Danbury & Bethel G & E pf__.25 Duquesno Light—See Phila Co Duquesne Nat Gas common * See Investing Companies. General Pub Util common 120 "1*4 2*4 152 108 General Public Service Corp— Greenwich r 2 145 6% preferred —100 5*4% preferred Gen Gas & Elec (Del) com A_.» 5% prior preferred * $6 cum conv pref ser A * $6 conv pref ser B * $7 preferred -—* $8 preferred * Gen Italian Edison Elec Corp— Amer shs for ordinary stock- 34 176 Continental Gas & Electric— Detroit & Canada Tunnel Detroit Edison Duke Power Gatlneau Power com.... 32X 107*4 1*4 7% prior preferred 100 Continen Pass Ry—See Phila R T Crescent Public Service com.. 1 Cuban Telep common.. 100 6% preferred 8* 33 * 26 common*'— Georgia Power $6 preferred $5 preferred 11*4' 79*4 Georgia Power & Lt 6% pref 77 118 *4 32 107 *4 * $4.60 preferred 57 9*4 * Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co Consumers Gas (Reading).. 25 Consumers Gas (Toronto) 100 Consumers Power $5 pref * 119 55 100 com R T 100 5% preferred * 30 .... Phila — 14 101% 25*4 Bid * Kansas Eiec Pow 6% pref 102*4 100 Par Kansas City Power & Light— 1st pref $6 series B Kansas City Pub Serv Preferred 51*4 — S'thwark—see & Gary Elec & Gas 100 25 $5 preferred 101 .100 Preferred 100 Cons Edison Co of N Y pref—100 35*4 '49 48 Telegraph (guar) —100 Gandy Bridge common * Gardner Elec Light common-100 114 100 * * Elec Light.-50 & Franklin 78 Connecticut Light & Power * 5 *4 % preferred 100 Connecticut Power 25 Connecticut Ry & Lighting—100 38 Foreign Light & Power units Frankf'd 114 1 * 36*| 36*4 * Issue Stocks * Florida Telephone 89*4 79 Ask % 34 % 35 % Florida Power & Lt $7 pref.*..-* 109*4 6X 7% preferred Concord Elec Co 6% pref. Common 4*4% preferred Consol Elec & Gas $0 pref— Cons Gas E L & P (Bait) 4*4 % pref series B Bid * Florida Power Corp 7 % Preferred $50 par 66*4 * First preferred 6% J Community Pub Ser com Community Water Serv com Fitchburg Gas * Commonwealth Tel (Pa) 7% pf20 Commonwealth Water & Light— 6% preferred 7% preferred Community Pow & Lt com.. • Par 56 preferred 56*4 preferred 17 preferred 101 1 com Stocks Federal Water Service com A_.* $4.50 preferred * Cleveland Railway s 100 Coast Co Gas & El 1st pref. .100 Colum G & El Corp (Del) com--* 6 % preferred series A 100 5% preferred 100 5% conv preferred 100 Columbus & Southern Ohio Elec— 6% preferred A 100 6 *4 % preferred B 100 Commonwealth Edison Co 25 Commonwealth Gas Commonwealth & Sou Corp STOCKS possible for the closing day of the month preceding the date of are as near as Ask Citizens Water Co of Wash (Pa)— 7% preferred .-100 City Water Co (Chat) prof 100 City Water (New Castle) pref .100 Eastern Util Assoc UTILITY PUBLIC Quotations for all securities 40 133*4 33 34*4 96 97 88*4 89*4 t New stock. 0% preferred a; Ex-dividend. com 35 b 12* 64* 127 76 106*4 102 5 4 50 44 closing day of the month preceding the date of Issue Quotations for all securities are as near as possible for the 19 * New Orleans Pub. Serv com 7% preferred -* Newport Electric Oorp com. .-20 6% preferred * -100 New Rochelle Water 7% pref 100 N Y Mutual Telegraph (guar)..25 N Y City Omnibus common—.i* Option warrants N 283* 101 21 30 25" 18 323* 153* 6% preferred 100 Y Railways pref. Y & Richmond Gas 6% pref 100 Y State El & Gas 53* %J>fd-100 Y Water Serv 6% pref 100 18 117 33* 25 53* warrants Class B option 87 3* 74 13I 3* 213* 56% — 10 6% preferred series 50 5%% preferred — 50 North American Light & Power. -1 $6 preferred * North Amer Utility Securities.—♦ North Boston Ltg Prop corn----* ~4~~ 52 48 1043* Niagara Hudson Power -10 1st pref $5 series--.—.-—-100 2d pref 5% series —100 Class A option warrants North American Co 133 125 56% 7A 73% MS* 27 53* 88 76 i* 22 573* 563* 76 3* % 51 53" 100 North Texas Co (Del) 10 Northeastern Wat & Elec com..* 50 2 10% 12 —* 56 57 Preferred - $4 preferred Northern Indiana Public Serv— 103 100 100 -100 6% preferred. 7% preferred 5 3*% preferred Northern Liberties Gas. Northern N Y Util 7 % _. — 112** 99 .25 98 pref—100 cl A—-25 100 100 133* 79 3* (Minn) $5 series cum pref—..* pref—100 North West Util 7% pref 100 7% prior lien --100 N'western Pub Serv 6% pref. 100 7% preferred 100 Northwestern Telegraph (guar) 50 NY PA NJ Utilities $3 pref * 1103* 893* Ogden Corp common 4 5% preferred -.50 Ohio Cities Water preferred * Ohio Edison $6 pref—-—--—♦ 3% 37% 19 193* 64 74 91 973* 993* 33% 343* 20 11 1103* 115 * 1163* 1153* 53*% 1st preferred.—. —100 6% preferred 100 7% preferred 100 Ohio Service Holding com..—--1 6% preferred —5 1023* 1063* Units. 116 1003* 99 1123* 1033* 1073* 1143* * Oklahoma Gas & Elec 7 % pref 100 ......100 15 $3 preferred ....60 $5.50 conv.prior pref * 6% preferred- Okia Nat Gas Oorp com 1163* 104 106 193* 483* 111 193* 493* 113 Omaha & Council Bluffs Ry— Bridge Co 4% pref. 100 Omaha & Council Bluffs St Ry Co 6 100 6 ...100 5% preferred Omnibus Corp common 8% conv preferred A Oregon Wash Water pref Ottawa Light Heat & Power 75c 2% 133* 1033* 100 Pacific & Atlantic Tel (gu)——25 Pacific Gas & Electric--.——25 1st preferred (6%)—-—--25 1st preferred (53*%) 25 Pacific Lighting Corp com: -* $5 preferred * 100 * Pacific Pow & Lt 7% pref 6% preferred 1.00 33* 14 105 6% * ...... 1st preferred Pacific Telep & Teleg preferred —.—* 100 100 100 163* 47 34 333* 31 473* 109 89 903* 813* 80 $1.40 preferred class A 150 6 203* 1303* 1523* * * 373* 23* 393* com..* 25 33 3* 343* 303* 33 Pecos Valley Pow & Lt com Penn-Ohio 53* 193* 1293* 4 — Warrants B 3* 1 373* 383* 64 65 14 15 Ol&ss A \rA 24 26 2 Pennsylvania Power $5 pref.Z.. Pennsylvania Pow & Lt $7 pref. $6 preferred $5 preferred Pennsylvania State Water, pref. Pennsylvania Telephone Co— $2.50 preferred Pennsylvania Water & Power 23* 112 3* 1113* 1123* 1123* 110 111 104 106 104 107 Preferred Scrip Preferred A....1 1 13* 13* 2 19 193* Peoples Water & Gas $6 pref..100 88 89 Peoria Water Works 7% pref.100 Phila City Pass—See Phila R T 99 ... Philadelphia Co com— $5 preferred 6% cum preferred $0 cum pref.... Allegheny Traction Citizens 25 * * 50 * —..50 7 72 Ja* 76 43 1 43 3* 80 2 50 2 33* ... Traction Consolidated Trac pref 76 60 Duquesne Light 5% lsy>ref 100 116 Val—25 Monongahela Lt & Pow 50 118" 58' Monongahela St Ry— 16 Federal St & Pleasant 50 1 • Without par value. m m m, — _ ~ *. 116 373* 118 / Flat price, • 116 115 8 93* 83* 103* 115 109 99 102 ^ 162 125 1253* 112 38 - - — 1183* 27 3* 80 803* 13 3* 313* 323* 53* 63* 333* X. 35 103 105 99 1163* 13* 113* 83 108 Light & Power 10 St Joseph Ry Lt & Pr 5% pf-.lOO St Joseph Water 6% pref 100 St Louis County Water pref--100 "23* 123* 13* 13* San Antonio Public Service— 109 110 100 118 120 pref.100 92 8c Electric— ...100 100 Scranton-Spring Seattle Gas common— 1st 2d 3* 3* 133* —100 ♦ $5 preferred $5 preferred 2d & 3d Sts Ry—See Phila R Shasta Water Co 143* 23* 3* Union Gas (Canada).. Union Gas System com * r 100 & Electric—...25 93* 223* 11 100 99 23 - - 113 .. 203* 114 - - - - — „ - - 163* 103 3* 1 United Gas & Elec (Conn) com 7% preferred 100 United Gas & El (N J) 5% pf.100 United Gas Corp com 1 $7 pref series A .!♦ preferred series B -.25 Original preferred—.......25 Co— 6% preferred series A 25 6% cum preferred 25 Southern Calif Water pref.....25 Southern Canada Power— * Southern Col Pow com A.....25 Preferred —100 Southern Indiana G & E— B___ / 83" 77 23* 36" 353* 113 80" 100 4 1013* 3* 43* 1023* 3* 7 8 1 3 1123* 113 3* 104 3* 3 103 23* 114 101 106 13* '263* 1125* 123* 7 9 23* 393* 40* 85 68 13* 98* 125 1st pref .♦ United LightA Ry 6% pref—.100 100 100 United Public Service Corp.. United Pub Util com A 1 f .....Hi $2.75 preferred $3 preferred United Utility Co common Utah Power & Light— $6 preferred $7 preferred ."» • 10 .♦ ♦ Utilities Power 8c Light— Old 7% cum preferred 100 1 K 30 86 86 93 23* 21* 23 3 593* 613* 17 Ogden Corporation 73* $6 preferred » Virginia Pub Serv 7% pref 100 6% preferred 100 Washington (DO) Gas Light— 1163* 59 ..—* 53* 780 100 West cum Power 100 103 100 1143* ♦ 7c 7 West Va Water Serv 6% Western Lt & Tel com 101 pref 1 85c 25 Preferred Western N Y Water 100 12 preferred 27 * 35 7 pref 100 223* 1143* 100 23* 2 —.100 10 Wise Elec Pow 6 % pref 100 Wise Hydro-Elec 6% pref.... 100 116 Preferred Wisconsin Pub Ser Corp 7% pflOO 35 25 3* 26 63*% preferred 100 Wisconsin Telep 7% pref—..100 13 3* 14 Wisconsin Pow 8c Lt 6% pref.100 7% preferred Wolverine Power Co.. Worcester Trans Assoc— York (Pa) Railways pref. 100 —5 * 50 York Water Co..—.—.25 169 25* t New stock, x Ex-dividend, 112 1073* 1123* Preferred 163* — 104 Oo— Common 103 mm 1113* 20 72 mm 117 107 preferred preferred Penn 116 100 West Penn Elec Co class A cum 7 mm 203* 111 Washington Wat Pow 0% pref. 7% 6% 108 20 100 13* 283* 107 3* Wash Gas & h,lec 7% pref.... 100 Wash (D O) Ry 8c El com 100 Partic units Wheeling Bridge.. 100 Wheeling Elec 6% pref 100 William8port Water pref * Winnipeg Elec class A...... » Class B ....♦ 29 61, 28 101 293* 117 70 67 * 34 23* 4 103 * cum 1183* Canadian prjee. 16 99 AVA 343* 167 13 3* 3M 223* Jan. 20 » ♦ 333* 163* 43* 43* * .... 293* 463* Telep 100 com—..—* r * $5 preferred United 111 Co of New Haven United Lt & Pr com A 44 13* 68 13* 13* 16 12£ Westmoreland Water pref 114 302 Southern Union Gas 3* 92 104 183* 293* 283* 293* mm Warrants Western Union Telegraph._ 50 89 Pittsburgh Water— Nominal, III* .... Western Massachusetts Cos Southern Calif Gas n 50 Union St Un on Traction—See Phila R T United Corp Prior 22 - 153* 1003* 60 6% . West Phila Pass—See Phila R T West Texas Utilities $6 pref » West Va Ohio River Bridge— American Utilities— 6% preferred —100 7% preferred —100 Southeastern Gas 8c Water A—* Southern & Atlantic Teleg (gu) .25 South Calif Edison common—25 53*% preferred series O—-.25 k Last sale, * ..!» I.IlO 43*% preferred 1 T Sou Carolina El & Gas 7 % pf. 100 South Carolina Power 6% pref..» South 483* 3* 5* 13* * Shawinigan Water & Power * Shenango Valley Water pref..100 Sierra Pac Elec 6% pref 100 Sierra Pacific Pow common ♦ South 47 mm 106 Preferred. * ...1 ♦ Second Ave RR Cop (NY) Preferred 115" Brook Water Service 6% pref— m 15* Preferred 110 — 153* 153* Common 125" * mm 143* Toledo-Edison pref A 7% 100 6% preferred.... —..100 5% preferred —100 See 109 100 93 104 Utilities Stock & Bond Oorp_...l Virginia Electric 8c Power— St Louis Public Service— __ — 55 Class B common.. 64 103 97 M 13* * 6.36% preferred 7% preferred 3* M 1003* 99 1 13th & 15th Sts—See Phila R T Tidewater Power 6% pref * 6% 1 Rockland 7% preferred- » ... Texas Power & Lt 7% pref— .100 6% preferred * Third Avenue Ry (N Y) 100 Common 80 6% preferred series O——J00 6% preferred series D 100 5% preferred series E_ 100 Rochester Telep $63* pref 10U Rochester Transit common * 7% preferred 8% preferred * _1 United Gas Improvement 14 3 50 50 42 98 100 —— 263* 33 m 1103* 1093* 100 Texas Gas Util com Texas Hydro Electric— $3 cum preferred Warrants 65 - m — — 21 16 R~T"~ Ry (New Bedford)..100 143 142 19 43 72 Preferred Union Pass—See Phila - - - 41 1113* m50 6% preferred * 100 _ 463* 1083* 973* 403* 1613* 16 100 7% preferred100 Union Electric Oo of Missouri— 5% preferred ...» 84 83 45 107 Public Serv El & G $5 pref. Puget Sound Pr & Lt $6 pref $5 prior preferred — Quebec Power common * Queens Borough G & E 6% pf 100 Rapid Transit Ry—See P S Oorp Republic Nat Gas 2 Rhine-Westphalia Electric Pow— Amer shares representing com. Rhode Isld Pub Serv $2 pref 27 3* New class A —.100 Twin States Gas & EI 7% oref 100 Twin City Rap Transit (Minn) * 90 85 1133* 106 100 » * Southern New Eng * m 4.80% cum preferred......100 Southern Nat Gas com——.73* Phila 8c Darby—See Phila R T Phila & Grays—See Phila R T Philadelphia Elec Co com $5 preferred...... .... 114 112 $4 preferred 36 3* 2 88 ... 106 108 mm — a. conv 7% preferred 3* 43* 3* 43* . 36" 66 170 mm mm a» mm * $3.50 preferred Texas Power Corp common 68 63 Fes _ Ask Bid Tacony-Palmyra Bridge— 63* 53* 65 1103* 1173* $7 preferred 723* 115 1 10G Peoples Gas & Fuel Corp. Peoples 6L40 (Chic) Peoples Light & Power Oo a, Common class B 1 106 Sioux City Gas 593* 713* 3* Rapid Transit St Ry Co—100 Scranton Transit common — Tacoma Ry & Pow Co 48 46 Consolidated Trac of N J—100 Scranton Electric $6 pref Warrants 3* 13* 100 100 Public Serv of Ind $7 prior pref..* $6 preferred * Public Serv Co of N H $6 pref..» $5 preferred ♦ Public Service Corp of N J * 8% preferred J 00 7% preferred ...100 6% preferred 100 $5 preferred * mm mm 100 7% preferred ■„ Tampa Gas. 7%. prefrerre Haute Elec 6% pref Texas Electric Ry Texas Elec Service $6 pref 93 89 6% preferred5% preferred. mm 7% preferred preferred Tampa Elec Oo 55 52 Power Corp of Canada com 8avannah El & Pow 6% Edison— Pennsylvania Edison Co— $2.80 preferred $5 preferred Pennsylvania Gas common Penna Gas & Elec Co 7 % pref. 10 Penna Gas & Elec Corp $7 pref.. 23* 53* 1023* Providence Gas Co * Public Elec Light 6% pref 100 Public Serv of Colo 7% pref.. 100 Preferred Rochester Gas 8c Electric— 303* „ 5% 60 .100 7% preferred 100 Potomac ElecJow 6% pref—100 5 3* % preferred 100 OlStSS A * _ 41 43* preferred Ridge Ave Pass—See "Phila K T Rio Grande Valley Gas v t c B Swiss Amer Elec 5% pref.500 1 Riverside Traction.. 108 33* * 25 Preferred "♦ Suburban Rapid Transit St Ry_50 Superior Water Light & Power— 4 38 Potomac Edison Co 6% pref. San Diego Cons Gas Panhandle Eastern Pipe Line Common Peninsular Telephone Co Postal Telegraph System— Common 153* 333* 33 3* Class 57 40 115 50 ...» 100 93 Pacific Public Service— Common Portland Gas Light $6 preferred ; Portland RR 5% stock 15 Preferred 54 37 * Water 88 * 57" T R Phila 7% pre!erred 43 118 42 13 3* 54 Portland Elec Pow 6% pref...100 7% prior preferred 100 Portland Gas & Coke 7% pref 100 non-cum 20 143* 55 * Union 10 8 18 Philippine Long Dist Tel 100 Pittsburgh Suburban Water— $5.50 preferred 100 Plainfielrt 36" 33 City Water 6% pf 100 Gas & Elec pref Gas Lt Co (Mass) St Ry CosPreferred .100 Standard Gas & Elec com * $7 cum prior pref * $4 cum preferred * $6 cum prior pref * Standard Pow & Lt com 1 93* 2 Preferred- Springfield Springfield Springfield Springfield 27 49 8 6 Public Serv of Okia 0% pref.. 100 403* 403* 161 ...... - "33* 38 109** Ohio Power 6% pref ' 100 Ohio Public Service 5% pref. 100 Ohio Water Service A com... 703* 1113* 933* 24 Phila Transportation Co— Common v t c 4% 12** 77 M 69 Northwest Electric 7% %7 preferred 1033* 113 3* 1003* 41 Nor States Power (Del) 7% preferred 6% preferred 23* 16 85 44 PhilaOityPass Ry($223* pd)-50 Phila & Darby Pass Ry 50 pd).—50 Philadelphia Traction 50 Ridge Ave Pass ($28 pd)—50 2d & 3d Sts Ry guar 50 13th & 15th Sts Pass Ry 50 Union Pass ($30 5-6 pd) 50 Union Traction ($173* pd)_50 West Phila Pass guar 50 Phila Suburban Wat 6% pf—100 Traction—See 26" 14 80 Phil & Gray's Fy ($25 Phila 53* 23 Germantown Passenger 50 Green & Coates Sts ($15 pd) 50 Hestonvllle M & F com 50 Preferred 50 1173* 23* 63 Frandf'd & Southwark Pass .50 Par Southwest Consolidated Corp___l Southwest Gas (Okia) 7% pref 100 Southwest Nat Gas $6 pref. 10 Southwestern G & E 7% pref.100 Southwestern Lt & Pr com A * $6 preferred * S'western States Telep com ..1 31 303* 23* 4 3* Phila Elec Power 8% pref 25 Philadelphia Rapid Transit—50 7% preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk & Haddington..50 Stocks Ask Bid Par Stock* 32 3* 107 3* 116 N Y & Comraon N 128 106 7% N 21 126 pref-—-.* preferred —.100 Queens El Light & Pow— N YPow & Lt Corp $6 N Ask Bid Par Stocks STOCKS UTILITY PUBLIC 80 117 1 6 24 253* /. 1153* 1013* 15c Under the heading "Industrial and Miscellaneous Securities" we under the previous three case of stocks, include all issues which do not appear headings, namely "Railroads" "Investing Companies" arjd "Public Utilities." In the however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscellaneous." NOTICE—'All bond prices Bonds Bid "and interest" except where marked are Quotations for ail securities are as Bonds BONDS J&D/ Certificates of deposit / Acadia Sugar Ref 4%s 1955. A&O r Adams Express— See Investing companies Advance Bag & Paper 6s '52. J&D 94 Aeolian Co 6s 1944 J&J 96 Agar Packg & Prov 5s 1945-J&D Akron Times-Press 1st 6s'45 A&O Alabama By-Prod 6s 1955J&J 63 102 54 52 99 55% 54 52 59% 6s assented w w 1948 A&O 6s 1955— / Alberta Pacific Grain 6s 1946 J&J r Algoma Steel Corp Ltd— Conv 5s ser A 1948 M&N 52% 40 60 97 99" 89 91 See 16% 31 96% 110% 275 97 Am Fruit Growers 5s 1950--F&A Amer 1 G Chem Corp— Conv deb 5%s 1949 M&N American Bowser (S F) 7s 1944 101 100% 40 60 75"" 103% International Corp— Investing Companies 5%% notes 1956 Lime & Stone 5%s '51 J&D 36 M&S 93 52 Am Extended 6s stpd 1943 Amer Seating 6s stpd 1946 41 J&J 101 J&J M&S / 5% F&A 110 11 8% A&O Am Silica-Sand 6s 1951 Am Tobacco deb 4s 1951 Debenture 6s 1944 American Type Founders Inc— Conf s f deb 2%-5s 1950—J&J Am Wire Fabrics 1st 7s '42 M&S American Writing Paper Co— 105% 106% 96 67 Axnee-Holden Tire & Rubber— Income 7a Jan 1 1943 M&S / Anaconda Copper Mining Co— 93 106% Sink fund income deb 1967 J&J / Trap 5a Aug 11946 Anthony (R C)— 1st s f 6s (San Fran) 1942 J&D 1st s f 6s (Los Ang) 1942--J&D Antilla Sugar Estates— Income deb 6s 1951 (w-a)--J&J / A-NY & B-NY Realization— 5a. 1955 M&S / Arcade Mall Iron 7s 1943—M&N!/ 107 34 37 90 28 12 20-yr 4s ser B 1955.F&A 1st mtge 4a aeriea O 1957—J&J 101 % 100% Arnold Print Works— lat 5a Feb 1 1952 A&O Arundel Bond Corp 2-5s Dec 1 '53 / Arundel D-»b Corp 3-6s Dec 1 '53 / _ Assoc Laundries of 111 6%s 1942-Associated Mtge Co 3-6s Dec 1 '53 70 29 101% 101% 53 67 58% — Gen conv 6s 1950 71% 81 64 6% conv notes 1945 M&S Atlas Pipeline Corp bs 1945.M&N / M&N/ 99 55 46% — ** 98 93 Baldwin Locomotive Works— M&N 1002*»i M&S / 106 Bait Steam Packet 5s 1942 F&A Baragua Sugar Estates— fkCum Inc deb 6s 1947 J&J / Barber & Ross 4s 1945 Bates Valve Bag 6s 1942 J&D 5s 1944.-J&D Bendix Home Appliances— 5% conv debs 1944 M&N 60 94 F&A 100 Battle Creek Sanitarium— 1st s f 4%s A 1954 J&J 36 Baush Macn Tool ext 5s '41-M&S / 26 Bay way Terminal 2nd inc 6s '57- ~'f 20 Beaver Mills 1st 5s 1950——J&J 28 Bedtor.i Pulp & Paper 6%s 1942101 Beech Creek O & < 101% 108 65 59 v52 104% 100 34 54% 54% 68% 41% 52 35% 56 56 68% t!K 26 20% 100 .... 95 r r 84 84 100 99 101 101 80 r 94 95 83 84% 88 89 80 r 5%-- _ 64 66 60 5 M&S/ 7 1940. 39 87 89 58 62 / Central Foundry Co— 1st mtge 68 1941 M&S 95 Gen mtge 5s 1941 M&S 76% Central Iron & Coal 6s 1938.F&A / 19 Central Paper Co 6s 1948 A&O 100 Central Ry Term & Cold Storage 6%s 1952 A&O / 8% Central Steel 1st 8s 1941.-M&N 1009s» Certain-teed Prod 5%s 1948 M&S 76% Cespedes Sugar 7 %s 1939 M&S / 13 Champion Pap Corp 6s *45--F&A 95% Champion Paper & Fibre Co— 4 %8 s f deb *50('35 issue)-M&S 105% 4%ss f deb '50('38 issue)_M&S 103% J&J 98 79 22 112 76% 14% 106% 105 28 30 97 101 115 Corp inc 5s 1968 -J&D Cities Service Asphalt 5s 52-A&0 City Ice (Kansas) 6s 1940 A&O City Savings Bank of Budapest 7s 1953— —F&A / — 65% 4% 104% 100 105 79 106 102% 57% 95% " f 93 / 92 91 98 99 98 f 1946.-.J&D / 21 % 57% 35 F&A I Mar 1948- -1/ Term lat 68 '50.M&S 7 Detroit Times 6s 1940 to '43 M&Sp Deutsche Rentenbank— Farm Lnsf 6s Oct 15*60 A&015 Ssrics B S)"Clay Mfg'Oo—"" / / '53-J&J Donnacona Pap 4-4 %s '56__F&A 10-yr 5%% notes 1947—J&J Dow Chem Co deb 3s 1951 J&D Dryden Paper 6s 1949 F&A Duffer.n Paving & Stone— Deb 5s series A 1955 Jan os series B 1955 30 40 84 87 47% 46 21 97 to 92"" 14 11 14% 81% 80 105% 100%. b Basis. /This price includes accrued interest, k Last sale, 105" 52 58 60 65" 45 46% 90 103 80 82% 85 107% 102 49 53 M&N / 50 85 21 Durham Duplex Razor 6s 1955 Durez Plastics & Chem— 24 70 4%s conv debs 1949 M&S Earl Fruit lstsf 5%s 1947--M&N Eastern Car Co Ltd 6s 1952.J&J Eastern Corp 5s 1953 J&D Eastern Cuba Sug 7%s '37-M&S Eastern Dairies 6s 1949 M&N Eastern Mfg 7s ser A 1938--J&D Eastern Racing Assn 5s 1945 Eaton Paper 1st 5%s 1943.M&N Elec Auto-Lite deb 4s 1952-F&A Elk Horn Coal Corp— Coll s f 4s 1956 J&D Empire Properties Corp 2-3s 1945 Empire Sheet & Tin Plate— 6s 1943 A&O 105 91 1952 J&J —..J&J Nominal, r Canadian funds, — x Ex-intereet. 106% 94 103 88 90~" 39% 64 67"" 105 96 51 108% 56 99"" 55 109% 58 61 65 Emporium Capwell Corp— 5 n 106 99 104 4% notes 1942— 101 Erie Elec Motors 5s 1941—..A&O / 20 Called Feb. 1 at 160 102" Jan Dumont (Allen B) Lab— 2 %-5s 1949 1st 4s * 58% 52 Cum inc 5s (w-s) Nov 1 152 1949— Cum inc 5s 93 (ex-stk) Nov 1 1949 Dom Coal 1st 4%s ser A '52-A&O r 101 Serial 3. [%s 1940-1943 98 -A&O a Dominion Steel & Coal 88 6%s 1955Dominion Tar & Chemical Co— Deb 4%s ser A 101 1951 M&N Dom Woolens & Wors 6s 78 Deb 101 102 I 1948 getro{t Har Garages 5%s Detroit 92 /104 / 97 / 95 2nd income 6s Mar 1946 ww 94% 80 A&O Bardeleben Coal Corp— 1st cum inc 5s 1957-Ann April / Deep Rock Oil 7s 1937. M&S / Deer field Glassine 1st 5s Mar '50~ 1/ Defiance Paper 6s 1939 J&DI Delaware Floor Products— 1 4s 60 94 91 Davidson Biscuit 5 %s A *45 A&O 5s 106% 102% 103% Duplex Printing Press 3s 1944 J&J 102% 50% r __ 84 103% 64% 3% 104% M&N Certifs 6s May 1 1944-_ Certifs 5s May 1 1945--. Certifs 5s May 1 1946 ." Certifs 5s May 1 1947. ~ Certifs 5s May 1 1948--—"" Certifs 5s May 1 1949 ~ Danish Prod L'n Fund 5s '40.J& j 89% 3 10 / 92 88 Cudahy Packing 3%s A '55.M&S Conv s f deb 4s 1950--..M&S Cumberland Ry & Coal— 88 87% 110 103 107% 57 (w-s) '48—F&A Chicago Stk Yards 5s 1961.A&O Childs Co deb 5s 1943 A&O Chilean Nitrate & Iodine Sales 105% 103 100% J&J Detroit City Ice & Fuel— Chic Grain Corp 3-5s 1952 A&O / Chic Molded Prod 5s 1949-A&O Chicago Produce District— 68 88% M&S 10lEi s/deb 4%s 1948 ^ 82 106% Chesap'ke-CampCorp4 %s'47J&J '57% 67 J&D Coplay Cement Mfg 6s '41 A&O Copley Press 5%s 1943..-.F&A Cosden Petroleum conv 5s '47 J&J Cosgrove Meehan Coal 6%s 1945 Crane Co 3%s s f deb 1951.J&D Credit Foncier Franco-Oanad— Dickey (W 1942 "§"" 14 109% sf 6s 1940-- Davidson-Boutell 101% r 1st cum inc 5s 85 conv _ 80 -M&S Guar gold 4s 101% 86 warr.-J&D Curtis Cos 6%s A 1947 Dairyland League— 82 r 1947- Apr 1951 52 7 12 Conv deb 2%s 1948 J&D Continental Roll & Steel Fdy— 5s 102 Carribean Sugar—■ Cum Inc 7s 1941 F&A / Carlisle Lumber 6s 1945 Carrier Corp conv 4 %s 1948 A&O Oassco Corp inc 6s 1949 Oelotex Corp— 50 66 J&D 91" 89 J&J Carthage Marble Corp— 1st s f 6%s A 1942 105" 102 Cruel We S tee! 4%s A 1948-F&A Cuban Tobacco 5s 1944 Chateaugay Ore & Iron— 37 30 25 31 with De Vickers 6s Aug 1 94 56% Crown Cork & Seal Co Inc— 15-yr 4s s f Nov I 1950--M&N 100 guar income 5s 1943 Credit 100% J&D 1st M 6s 1949 93 84 104% I960—J&J Service—See Investing Cos Crowley Milner 5%s 1946—M&N Creamery—'[ lstsf 6s 1948 A&O Deb a f 6%s guar 1943 A&O Calif Cotton Mills 1st 6s *40-J&J Calif Dairies deb 6%s 1942.M&N Calif Group Corp 5%a 1956 M&N n-c 5s 1st M Debenture 4 %s w w 1947-F&A Central Coal & Coke— Non-cum inc 4s B 1941 A&O 101 Auburn Automobile— 1st g 5s 1940 Mtge 68 1950— Deb 19 J&J Canadian Bakeries 6%s '45.M&S Canadian Canners Ltd 4s'51M&N Canadian Internat Paper— 99 99 Oont'l Invest Bond Corp 2-5s '53Oont 1 Invest Deb Corp 3-6s '53 23 1st 107"" 45 8 Conv deb 4%s 1939 J&J / 44 Autocar Co 7a ext 1947—M&N 103 Avery (B F) & Sons 5a w w'47J&D 97% Without warrants 91% 94 30 65 J&J/ 19 Container Corp 1st 6s 105 '46.J&D15 44 J&D 74 40 6s 1948 105 Canadian 57 106% 98% 69 Consumers Co (111) 5s 1956.-J&J Consumers Rock & Gravel— 95 - 106 105% Coal Co— Sink fund 5s July 1 . 3 Continental Oil— 103% 5s 1955 M&S Can Pow & Pap Inv 5s 1958-F&A 64 r Consolidation 46 40 25-yr Atlanta Laundries— Atlantic Ice Mfg 6s 1945 F&A Atlantic Refg 3s debs 1953—M&S Atl Bug Rof 1st a f 4a'61—.M&N Atlas imperial Diesel Engine— 48% 101 ^-A&O Can Locsmotive 6s July 1953 Canadian Nat Steamships— 72 86 68% 50 O-E to Canada SS Lines— 1st & gen 5s 1957 56 % let lien 4s 1952. J&J Atl Gulf & W Indies SS Lines— Coll tr g 5s Jan 1 1959 J&J Atlantic Ice & Coal 6a 1951.J&D 65 Byers Machine 3-6s ,.-1946 Byrndum Corp ext to Jan 15 1942 3%s 1942-45 4%s 1952 27 Armour & Co of Delaware— 1st M 78 63 73 35 13 % 47% 44% 96 93 101 93 1941-M&N 4% notes ser F 1946 M&N Burmeister & Wain (Copenhagen) 15-yr s f extl 6s 1940 !i—J&J ser Canada Bread 6s 1941 _F&A Can Cementlst4 %sserA'51 M&N Canada Paper Co 3s 1940-41-J&D 98 97 25 42\" 76 Camaguey Sugar— 7s Certificates of deposit-1942 / 12 Campbell River Timb 6s '41-J&J 105 Campbell Transportation Co— Equip trust 4%s to 1946--M&S 100 Equip trust 4s to 1951----J&J 99 Anglo-Chilean Cons Nitrate— Animal 103 39 Calaveras Timber 1st 6s '38-M&N / California Consumers Corp:— 1st lien 3-5s 1955L.J&D Calif Cooperative 65 Sink tund den 4%s 1950--A&O Hill Falls Co 6s 1959.M&N Budd (E G) Mfg 6s ext 1941.F&A Buffalo Gen Laundr 6%s '41-J&D Bullock's Inc (Los Angeles)— 4% notes Connor Lumb & Land t>s *41 M&N Conaol Biscuit 1st 5%s B '46 M&S 1st 5%sser O 1946 J&D Consolidated Cement Corp— Cum inc bs 1950 F&A Cum inc 6% notes 1950-.F&A Oonsol Oil s f deb 3%s 1951. J&D Consol Paper Corp 5%s 1961-J&J Consol Press 6%s 1949 J&D Consol Textile 1st 8s 1941-. J&D Cum conv inc 5s 1953 M&N 54 i —J&J Bldg 1st 5s stamped I960 A&O 101% 92 Ann 48 Bklyn Serv Station 5%s '46.J&D Brown Coal Indus 6 %s '53.-A&O / Brown Co 1st 5%s 1946 A&O / 1st 5%s 1950 ser B_ M&S / Brown Pap Co ext 4%s *41-A&O Bruck Silk M Ltd 6 %s '45.M&N r Brush-Moore Newspa 5s '45-A&0 103 Bryant Paper 6s A 1942 M&N 91 1st 6s series B 1948 J&J 98% Bush Term 1st 4s 1952 Cons g 5s Jan 1955 55 Ap/ / Conv 6a 1961 M&N Brandram-Henderson 6a '56-J&D Brit Col Packers 5s 1953 J&D British Columbia Pulp & Paper— 1st 6s 1950 M&N / Gensf 7s 1950-M&N fr Burns Bros deb 5s A 1961- -M&S Burns & Co Ltd 1st s f 5s 1958 J&J Income 5s 1958 Ann, Apr Amer La France & Foamite— Am Mach & Metals 4s 1943.-J&J Amer Nat Co (Ohio)— 47% 101% Buck 101% 65 103 103 —F&A 78 63 62 Apr Columbia River Packers Assn— Income deb 2s Oct 1950 / Columbia River Paper Mills— 6s to 1948 A&O Cum inc 5s April 1967 Lumber Boston Wharf 1st 4s 1941--.A&0 100% 95% 110 - Amer Dept St's (Pa) 4s *48.-J&D / Amer Dept St's (Del) 6s '47.J&D / Gen mtge 6s w s 1954 J&J Colo Fuel & Iron s f 5s 1943-F&A Income 5s 1970 An 105% 106% 101% Ask 75 55 1 _ 43 26 American Aggregates Corp— New 3-6s 1943 F&A Amer Colortype 6s 1942 F&A Bid 5s 1945.M&N conv Climax Engineering 5s 1946.A&O Colonial Colliery 6s 1954—M&S / Colonial S S Co, Ltd— 145% 107 101 105 % 106% 101% s Bloedel Donovan Mills 6s 1940-42 Alabama Mills 6s (w-s) 1953-J&D / Without stock -J&D/ Albany Perf Wrapping Corp— 1st M coll tr 6s 1948 A&O / Bonds Cleve Tractor 144 106% -—J&J A&O f conv 3 %s debs 52 A&O Cons mtge 3 %s ser F 1959-J&J Blethen Corp (Seattle)— 6%s 1947 J&J 90 Allied St's Corp deb 4%s *50. A&O Debenture 4%s 1951 F&A Allis-Chalmers s f deb 4s '52.M&S Alpine Montan Steel Corp— Purch money 6s 1998—Q-Feb s f 4%s ser D *60--J&J Bethlehem Steel Corp— 4%s to 1941 3 %s aeriea E 1966 97 Ask 80 ' Cons M 15-yr -. lstsf 7s 1955------M&S Amer Airlines deb 4%s 1941 -J&J Bid Bethlehem Fdy & Ma fis'44 A&O Bethlehem Steel Co— Abitibi Power & Paper— 1st M 5s 1953 ser A. • and income and defaulted bonds possible for the closing day of the month preceding the date of issue Ask INDUSTRIAL AND MISCELLANEOUS near as 70 MISCELLANEOUS BONDS ft INDUSTRIAL 82 income and defaulted bonds montajpreceamg the date of issue NOTICE—AH bond prices are "and interest" except where marked "f" and Quotations for all securities are as near as possible for the closing day of the •I Bid Bonds Ask Bid Bonds Ask Bid Bonds Lautaro Nitrate Co— 7s 1954-- —-F&A Ernesto Breda European Mtge Hawley Pulp & Paper Co— 96 —— 1st 6s & Invest Co— Falstaff Brew deb 6s 1947--J&D Famous Players Canadian-— 96 80 80 M&N 98 94 Hill Mfg Co ext 6s 1945 Hines Land & Timber 6s '48..J&J Hoberg Paper Mills 5s 1946 -J&J Hoe (R) & Co 6-7s 1944 w s_. A&G lOlM Filtrol Co 4% notes 55 52 25 H 105 K First Botiemian 1st secured Glass Works— 26 M America Inc— Conv g 6^i% notes 1946.A&O / Follansbee Bros 5s 1947- — — J&D 49 M 77 Ref 5 Ms series Ref 5M« series 5s —A&O 1946--J&D Deb 15 35-yr s f 7s 1963 J&J / Hungarian-Italian Bank Ltd— Sinking fund 7Ms 1963...A&0 / Hydr Press Brick 6s 1944—A&O / Hygrade Food Products Corp— 68 1st & ref 6s Jan 1949 A A&O 68 6s 1949 series B J&J 100 H Illinois Steel deb 4Ms 1940. .A&O Corp— 1951-—F&A Wares— 1952 -—A&O Georgia Marble isf 6s 1950.M&N Gerlack-Barklow Co 6s 1950-F&A German Atlantic Cable 7s 1945--,/ German Bldg & L'd Bk 6Ms 19481/ GIrard Pt Storage 3Ms 1940-A&O' Glen Alden Coal M s f 4s *65 M&S Globe Industrial Loan— See Investing Companies. Globe Wernicke 6s Oct 1 *44-J&J Gobel (Adolf) Inc— Cpnv deb 4Ms ser A 1941-M&S Good Hope St & Ir Wks (Germ'y) 5 f g 7s Oct 15 1945—A&Oi5 Goodrich (B F) 4Ms 1956—-J&D Gordon Baking Co (Mich)— 5s series B 1945-50 J&D Gordon-Pagel 6s 1940-1944--J&D General 101 100 % 83 101 102 M 26 M 102 % 84 M 58 32 34 27 M 29 107 106 Vx 68 M Interlake Iron Corp— Conv deb s f 4s 1947--— 98 M 99 M Inteanat Agricultural Corp—_ 1st U coll tr s f 5s 1942—M&N 80 M 12 72 M 94 M 70M 20 M 104 102 102 Hosiery— 1946 ®?&® Graham Paige Co 1st 6s '43-F&A 99 M Granby Consol Min & Sm 5s 1942 Grand Rapids Motor Ooach— Cum inc 7s 1962 w s M&S / 69 Grand Rapids Operating Corp— 99 6s extended 1942 —J&J Grand Rapids Stores 75 Equipt Co deb 5s 1949 F&A Grand Trunk Ry Terminal 18 M 6 Cold Stor 1st 6Ms 1952.A&O / Granite City Pig Iron— 56 Cum inc 5s 1943 M&S 100 Graton & Knight 4Ms '51--J&D Great Lakes Paper Co Ltd— 66 1st ■ f 5s 1955 A&O 53 Griess-Pfleger Tan'g 5 Ms'48-J&D 43 M Cum income l-5s 1954—_ J&D Gotham Silk 11* 2 Grigsby-Grunow conv 6s *36 M&S Groc St's Prod conv 6s 1945. J&D Gulf States Steel 4 Ms 1961-A&O 95 Gurney Foundry Ltd— 1st 4-5Ms (w s) 1949 M&N / Gypsum Lime & Alabast— 46 M&S 23 stmp__J&D Hamilton By-Prod Coke Ovens— 1st s f 5s ser A 1955 M&N 101H Gen sinking fund 6s 1956. - A&O Hamilton Cotton 4Mb 1950-F&A 100 97 95M 1951 M&S Ham'd Standish 3-6s 1947--A&O Hamilton Mfg 5s w w Steamship Lines— 10-yr 6s 1939 w w Harborside Warehouses— Non-cum inc 6s Jan 1973 100" 73 102 Harpen Mining Corp— 6s with warr for Am shs / Karstadt 61 ^ !* * Called Apr. 1 at 101M. & Basis. 50 100 62 62 40M 90 17 / 57 22 66 64 95M 80 "3" McColi Fronteuac Oil— 82 M A&O 1st & coll 4Mb A 1949 McOoid Rad & Mfg— stamped 1948 F&A _-cCormicks, Ltd, 4s 1952—J&J McCrory Stores Oorp— 5s • f deb 1951 M&N 67 X 6s 93" 101M 65 91 r 107 H McKesson & Robbins inc— 85M 20-yr conv deb 5Ms 1950-M&N f 109M Mead (The) Corp— 1st M 6s 1945 with warr__M&N 100 105 Medusa Portland Cement— 1st conv 4-5 Ms to 3M 101 1945—A&C Memphis Commercial— 99 M 92 Appeal 4 Ms 1952 M&g Mengel Oo conv 4 Ms 1947—M&£ Merchants Distilling Oorp— 5% conv deb 1947 M&S Merchants Ice & Cold Storage— 50 75 3M "tsrC 68 H 102 M 302 M r Gen 8 f 6s ser A 1949 Messenger Oorp deb 4 Ms '5 Messer Oil 1st & ref 6s 1942. 1st 6s 1943 with 89 98 95 Am shs—M&N 1943— Mlehle Printing Press & Deb 5Ms 1948--- Mfg— >/ / / / 74 62 5-yr 6% note9 1931 M& »/ Minnesota Tribune & Manistiq 94 M 54 50 Kresge Foundation— 10-year coll tr 4s 1945 J&J 3MC coll trust notes 1947-F&A Kreuger & Toll— 5s uniform ctfs of dep 1959 '42-J&D La France Textile 1st 6s Lake Erie Bolt & Nut— 97 M 20 100 1 1946--J&J & Paper— J&J 1961 -An Apr Lancaster Corp 3Ms A 1949-J&J Lane Bryant Inc deb6s'40wwM&N / This price includes accrued interest, "8" 24 8 101M 101M 91" 88 39 39 39 12M 99 M 93 r 69 Molybdenum Oorp of Amer— 96 6% notes 1942 J&D Momm Coal—See Chic Ind & L Ry. Monong Riv Cons Coal & Coke— 1st 6s 1949 A&O Monroe Coal Mining 6s '47--F&A 116 '43.M&N Dry Docks 6s '48-F&A 103 64 96M Montreal Cotton deb 5s 92 Montreal Morris Plan Corp— See Investing Companies 37 99 Mtge Bond Co (Md) 2-5s Dec 1'53 Mortbon Corp— Col) A 2M-5s ser 1 1941 --J&D 95 100M 94 96 86 '"88 12 104 104M 105 M 105 M 106 3 28 98 2 1946 — J&D 3 1951 --J&D 4 1956 ..J&D Moslnee Pap Mills 1st 5s '51 - A&O Motor Transit inc 6 Ms 1952.J&J Munlslng Pap 6s A &B 1943.A&O 82 SI* 94 M 35M J&J Secured 6s 1937 2 1937 wwA&O deposit. 105 M Namm (&A I) & Sons 6s 1947F&A 3M Nassau (Ger) Landbank6Ms 1938 Nat'l Acme 4 Ms ext to *46—J&D 30 Deb 6Ms Jan. 1 Certificates of 88" 56M 89 M 58 52 55 National Central Savings 13 102 M / Bank (Hungary) 7 Ms 1962 F&A Natl Consol Bond Oorp 2-5s 1953- 100M n 2 95 Bondholders Central Funding— A.11 series 8(> k Last sale, 72 71 Munson Steamship Line— National 99 M 99 Coll B 2M-5s ser Coll C 2M-5s ser Coll D 2M"5s ser 78 103 M / Lake St John Power 1st 5Ms 1961 Debenture 5s 25" :::: 37 100 Pulp & Paper 5 Ms 1941--M& Missionary Sisters (Waukegan, 111) 1st ref 3M-4b 1951--A& r 97 M Keith 102 M 65 F& 25 10 94 { 64 16 H 99 H / /115M 97 6s stamped (par $925) 1943 6s with warr (par $925) 1943— 100 r 97 % 89 M 98 - 70M 97 M r " (Rudolph) Inc— 5-6s April 97 57 (B F) Corp 6s 1946---M&S 45 Kelsey Hayes Wh'l 1st 6s '48.J&J 15-yr conv deb 6s 1948----J&J 62" Kentucky Rock Asphalt— 3M-6MS 1945— J&D 96 M Keokee Cons Coke 5s 1959--J&J 48 Keyes Fibre Company— 1st 6s 1940-1949 M&N 98 M Kings Co Refrig 6s 1942 A&O Kingston Elevator 1st 6s '50 M&N Klrby Lumber 1st 4s 1947-J&J 16 102 M Knudsen Cream'y 5Ms '50-M&N Koehring Oo (Milw) 5s 1945-J&J 99 Koholyt Corp 6 Ms 1943 M&S __M&N 96M Koppers Co 4s 1951 —... 96 M 18 _ Ctfs of dep w w stpd 40 20 Harris-Seybold-Potter— Conv s f deb 5s 1951 A&O / Hart Coal inc 6s 1945 Hatfield-Campbell Creek Coal 1st 6 Ms 1948 M&S dividend notes 1942— -J&D Jefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s 1950--J&J Jones & Laughlin Steel— 1st mtge 4 Ms ser A 1961 __M&S Journal of Comm 6Ms '47 J&J Jacobs (F L) 5M% Line & Gas— 1st 5s series A w w 1952—J&J 47 M J&J 26M 46 M M McCloud River Lumb 5s '48 J&J Kansas Pipe 25 A&O 26 % Extended 3-6s 1945 102 M International Match Corp— 3M Deb s f 5s 1947 M&N 6 Certificates of deposit 3M Conv deb 5s 1941 J&J15/ 6 Certificates of deposit Internal Mercantile Marine— 73 H 67 M 1st M coll trust 6s 1941--A&0 international Paper— 102 1st & ref s f 5s 1947 ser A—J&J 95M 102 1st & ref s r 5s ser B 1947--J&J 97 Ref mtge 6s 1955 ser A — M&S 72 Internal Pow & Pap of Nfld— 88 1st M 5s 1968 J&J 35 96 1st 4Ms 1968, J&J 104 M 49 Interstate Deb Corp 2-5s Jan 1 *55 15 Interstate Zinc & Lead deb 7s '32 Iron City-Ohio River Corp— 21 Iron City ser 6s Dec 1 '48-F&A 9 Ohio Riv ser 6s Dec 1 *48 F&A 90 70 fsotta Fraschim ?s 1942 J&D Hansa - A&O 28 Maple Leaf Milling— 5 Ms to 1949 J&D Marine Elev (Buff) ext 5s '52M&S / Marion St'm Shovel 6s *47—A&O Certificates of deposit Massey-Harris 1st 4 Ms 1954.M&S r Matthiessen & Hegeler Zinc— 85 M 84 28" . 100 H 5 f deb 5s w w 69 M 101H 95" 3^ 76 102 19 Mansfield Min & Smelting— 7s without warrants 1941-M&N 20 M 112 Independent Brewing 6s '55-J&J 99 Indian Refining 5s Dec 1 1941— 72 Indiana Ice & Fuel 6 Ms *47-M&N Ind Limestone inc 6s 1952--M&N ' Prior lien s f 6s 1942 M&N Indianapolis Motor Speedway—. 72 1st extended 6 Ms 1946—-F&A 90 Industrial Acceptance 4s 1952 J&J r 101M Indus Rayon 4 Ms A 1948—J&J 62 Ind Br'nhoist 6s Oct '54-An Apr- / 71 Inland Car Lines 5s 1944 109 Inland Steel 3Ms ^er 1) 1961-F&A Inspiration Consolidated Copper 1st mtge conv 4s 1952—A&O Inter City Baking 5Ms 1948-J&J r 102" 66 H Steel 19 69 25 81 90 37 M Mackintosh-Hemphill 5s'51_J&D Manati Sugar 1st 7Ms '42-.A&0 Ceitifieates of deposit 1st s f 4s Feb 1 1957 M&N Manhattan Refrig 5Ms 1941-J&J _ 74 4 Ms ser A 5 Ms 1948 Hale & Kilburn 6s '39 II Progresso Italo-Amer Pub— Debenture 6 Ms 1943 w w_.A&0 III Car & Equip 5s 1948 J&J Ilaeder Steel mtge 6s 1948—F&A / General Finance— See Investing Companies. Gen Motors Acceptance 5 5, 18 50 12 Leipzig Trade Fair 7s 1953-M&N / * 10278i Libby McNeil &Libb 5s *42-A&O 1st mtge s f 4s 1955 100M J&J 75 Liberty Baking 6Ms 1944 M&S 127 M Liggett & Myers g 7s 1944--A&O Gold bonds 5s 1951 F&A 50 Lincoln-Boyle Ice 6s 1947 A&O 100 M Lindsay Nunn Pub 6s 1944—M&S 99 M Lion Oil debs 4Ms 1952 A&O 108 M Liquid Carbonic conv 4s '47-J&D Loew's Inc debs f 3Ms 1946-F&A Logan County Coal 7s 1942-M&N / 1st ext'd 1-48 1956 M&N Loiiilard (P) Co g 7s 1944--A&O 126 H 5s. 1951F&A 76 Lukens Steel 5s extend 1955 M&N 7 -J&J 95 49 M *21 ** 55 100 15-year deb 3Ms Gen Rayon deb 6s 1948 w w_J&D Gen Stl Cast 1st 5Ms '49 w w.J&J 35 10 ,101 -J&D M&N 6Ms 1940— f fis 1948 s 98 34 M 50 98 (Germany) 7s 45-J&J15 97 M / 1956 Hungarian Central Mutual .Credit Mfg 7s 1937 J&J / Hungarian Disc & Exch Bank— 98 J&D 13 M M&N / 2d mtge inc 6s Feb 102 M 59 M 57 Transport 3s 1940-J&J Gieneral Bronze deb 6s *40--M&N General Cable Corp— 1st mtge s f 5 Ms 1947 ser A-J&J Deb 116 101H 101M Gen Amer GenElec 8l" 112 108 A 1951 J&D B 1954—- J&J 1940 Garlock Packing 4 Ms 4Hs Dec 15 19471st 50 H 82 52 79 6s 1958—-M&N Franklin Co Coal Co 7s w £49 J&J Franklin Deb Corp 4-6s 53-J&D Fraser Co 6s Jan 1 1950- — —J&J French Nat Mail SS Linesi 6s 5£ Frick (H O) Coke 5s to 1944-J&J Frick-Reid Supply 6s 1943— J&D Fruehauf Trailer dev 4Ms'47A&0 Gair (Robt) income notes 6s 1972 Galveston Wharf Co— 26 M Houston Oil ' io of Texas— S f 1st mtge 6s 1946- 32M 37 M 31 Companies 23 M .4 Fontenelle Brew 5s ww 1947 -J&J Forest Lawn Co—See Real Estate Francisco Sugar 8Z* 76 _ 4 Ms s f debs 1954 M&N Hudson Coal 1st 5s 1962 A.-J&D Hudson River Day Line— 106 7 f J&J 7s 1957 Flour Mills of 97 35M 1st mtge income 1975 J&D Lehigh O & Nav fund 4s '48 J&J Cons s f g 4 Ms 1954 J&J Cons s f 4Ms 1954 ser C-.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 1974 Sec 6% notes ext to 1943--J&J Stamped 1943 Leonard Tletz—See Tietz 72 A&O A&O (Berlin) 1st 7s 1946 Rub 3 Ms 80 100 M A&O A&O A&O (Portland. Ore)— 62 400 x A&O 1st coll 3-5s 1950 1961--——M&S 48--A&0 S f 68 stamped M 75 M Housing & Realty Improv— 103 M Firestone T & 60 1944—A&O Holly Sugar Oorp-— 1st 2 Ms 1940 1st 3 Ms 1941 1st 3 Ms 1942 1st 4s 1947 Home Serv Corp 6s 1957 Home Service 1947—-———M&S Residential Mtge Bank— Finland 44" 40 86 Amer at Baltimore Finance Co of 100" 60 1949---------M&S of Calif 6s 1946— J&D 4M-6M8 1st mtge 85 101 Holland-Amer Line 6s *47--M&N 80 1st s f 6s 90 1944.- 108 98 r Ltd 6s 1949—F&A Fed Home Mtge 6s to 1941—F&A / Fed Portl Cement 6s 1947—M&S / Federal Screw Wks conv 6 Ms39 92 M '58.A&0 Helvetia Coal Min 1st 5s 1st & coll 4 Farmers 23 91 J&J Healey Petroleum deb 5s 1948 Hightstown Rug 6Ms w w Farmers Mfg Co Federal Grain 110 21 J&J f 1946 75" Heywood-Wakofield 5s 1946 J&D 3 Ms 1940-1942-J&D M si 951--- - - - J&D /100M 3Ms 1953--M&S / 25 5 Nat Mtge Inst 7s 63 A &C / 1st & coll M — 99 r s Haytian Corp inc 8s Oct 1938 Hearst Public's 6to 1947.M&N f 12 1st lien 7Ms 1966 ser B-—F&A f 2 7 Ms income 1966. / 12 it lien 1st liei 7s 1967 ser O M&S 2 7s income 1967—---------- / Everlastik Inc 1st 7s 1937-M&N Fairbanks Morse & Co-— 107 20-year 4s 8 f deb 1966-—J&D 97M Nominal, x Quoted in guilders. 13 5 86 FEB., 1940] INDUSTRIAL NOTI Quo & MISCELLANEOUS BONDS 83 E—All bond prices are "and interest" except where marked "f" and income and defaulted bonds for all securities are as near as possible for the closing day of the month preceding the date of issue £E tlona aj Bonds Bid Nat Container deb 5%s '52-A&O Nat Dairy Prod 3 % s w w'5i M&N Natl Debenture Corp 3-6s 1953 119944736528 Ask 97 Bonds 98 _ 107 6s Ts" 52 Conv 3%s debs 1949 M&S 104% National Fire Proofing Co— 1st M conv 5%s A 1948-M&N 95 Cum conv inc 5s 1952 M&N / 19 Natl Grocers Ltd 4s 1947—A&O r f ext 3 %s-6s 1952 J&D National Industrial Loan— See Investing Companies Nat Oil Prod deb 4s 1952—J&D s 105 100 21 Phoenix Silk Mfg 7s National Steel Corp— 1st coll M 3s 1965Serial notes %% 1940 .... 50 107 / A&O A&O 103 103% 100% 100% 100% 100% 100% 100% 100% A&O A&O A&O 101 A&O 102 102% A&O 102% A&O 103 J&D 102 102% 24 29 30" 85 88 / 26 Subord notes 5s 1947 N Y Dock Co 1st g 4s 1951-F&A 95 51% 48% ..A&O 52 50 & RR— 63% Extended at 5% to 1943 J&J f N Y Shipbuilding 1st 5s '46-M&N 65 75 88 83 28 102 103% b 4.40 b 4.40 Equip trust 5 %s Sept 1 '40-'44_ b 5.00 b Nortn American Cement Corp— Deb 6%s A with warr '40.M&S 4.40 4.00% 4.00% 4.00% 4.50% 99% M&S 95 M&S 35 Nor Amer Refract 6%s 1944.J&J North German Lloyd— 57 M&N M&N 27 3.50 3%s 1963 3.00% 2.5C 89 97 98 88 91 10% 98% 91 87 88 — r r J&J 83 95 / Oregon-Am Lumber 6s 1942. A&O f Oregon Pulp & P 6s to *45--M&N Oreg Terminals inc 5s 1945—A&O Pulp & Paper— stamped 1943...J&J f Osgood Co deb g 6s 1943 J&D Oswego FallsCorp 4 Ha 1952-M&S 6s Certificates of deposit / f 7-yr div notes 3 Ha 1944--J&D Panhandle Eastern Pipe Line— 1st mtge & iien 4s 1952...M&8 98% 81 A&O A f 3-4s 1961 — J&J «. 23" 66 102 76% 84" 60 98% 1 97% 96% r 1st 104 86" 82 98% 99% 107 m s _ o f f 6s 1941 46 A.M&S15 94 96 4%a 1960 ji_J&D 105 * Called Feb. 26 at 103. t Called Feb. Basis. /This price Includes accrued interest, 99 103% 41% 102 63 J&D J&D I 5s 1946.M&N Rocky Mtn Fuel 5s 1943 A&O Rolland Pap 1st 4Ms A '51.M&N R ilis Koyce of Amer 7s 1937 M&S Roman Catholic Roman Catholic Church 6%s 1946 Rom Cath Church Welfare 7s 1946 Ruhr Chemical 6s 1948 A&O Ruhr Housing 6%s 1958... J&J Sahara Coal inc deb 5s '40-M&N St Louis Amuse't 1st 6s '45-A&0 St Louis Car Co— 1st extd 6s stamped 1945.M&N 98% Saratoga Victory Mills— 6%s with warrants 1943 J&J J&J Stamped (July 1933 coup on) Guar at QMs 1946 ser B.-A&O 3d Stampec t Quotation on Nominal, r 10 A&O 63 A&O 42% Southwest Dairy Products— Conv Income 5s 1944-- 19 Southwestern Devel 4s 1943-J&J S'west Lumb Mills 5s 1955- -M&N / Spalding (A G) & Bros 5s '89M&N f Spang Chalf't & Co 1st 5a '48 J&J Square D Co deb 5s A 1945--F&A x io5" 105 J&J .J&J J&J 102% 102% 102% 103% 24% Steel Co of Can 6s 99% 100 98% 92% 92% 107% 97% 98 93% 94 108 99 100 96 99 109 111 25% 15% 19 5 / 2 4 108% 108% 44 46 48 34 35 87 8% 48 100 18 90 1% 11 102 29 35 99" 20% 66% .... 87 / F&A 2d stamped 1946 42 99 A&O 22 J&J Strange (John) Paper 6b '44.-J&J Strawbridge & Clothier— 33 96 Stinnes (Hugo) Industries— 2d stamped 1940 1st s f 5s 1948 M&S Struthers Weils Titusville— 1st mtges f5%s ww 1949.A&O 102% , 83% Studebakor Oorp 6s 1945 J&J 104 Stutz Motor Car 7 %s 1937--A&O 1 Sugar Estates of Oriente— 1st 7s 1942 ctfs of dep M&S / 3% Sugar Pine Lumber Co— 1st M serial 6s 1940-1942-M&S f 73 Summerfield Hecht— Extended 3-5s 1951 F&A 15 Superior Elevator & Forwading 6s Jan 1 1951 M&N / 26 Sink fund deb 5s 1938.__J&D f 5 Swift & Co 3%s 1950 .M&N 105% Taggart Bros Co 6s 1944 J&D 100 Taylor-Warton Iron & Steel Oollinc7%s July 1 1958-.A&O / 70 Coal & RR 5s 1951—J&J 126% Tenn Prod 1st 6%s 1936 &J / 73 Refrig & Warehouse Corp— 4%s 1948-__ A&O Warehouse 2d 5s '42._J&J Texas Oorp deb 3%s 1951—J&D 3% debentures 1959 A&O .... 16% .... 106 73 106% 105% 87% Thermoid Co 5s w w 1951._J&D Three Rivers Grain & Elevator— 1st s f 5%s ser A 1951 M&S 98 97 Ticonderoga Pulp & Paper 6s 1940 Tietz (Leonard) 7%s x-w '46.J&J Tilden Lumb & Mills 0 %s'46M&S Tivoli Brewing conv 5s 1947 J&D Tomahawk Kraft Paper— 1st 5s (with stk) 1951 A&O Trask Timber 1st 3s 1944 J&D Uchi Gold Mines 1st 6s 1941 J&D Ulen & Co— Conv 6s 4th stamp 1950 F&A Unified Deben Oorp 5s 1955. 12H 106% zf -I. 93 40 10 95" 9% 48 112*n United Biscuit deb 5s 1950- A&O 101 100 106% 75% 26 - 105% 88% 78 r 29% 77 107" 78 3s debentures 1959 F&A 102% Union Rock 1st 6s s f 1947._M&S ' ,i8* Union Term Coal Stor 6s '39-F&A 100 United Amusement Corp— lsts f 5s ser A 1956 F&A r 99 9% 129 100 50 Term Union Oil Co of California— 6s May 1 1942 ser A F&A 12 23% 70% Tide Water Assoc Oil 3%* '52J&J 75 25 111 Term 6 8% 22% J&J J&D Deb 5 %s A 1943 Stinnes (Hugo) Corp— 19% ~2~" 14 83 1940 f 1947 24 99 98% 97% Tenn 13 13 21 19% 58% 105% 6% s Stevens & Thompson Paper— 3%s extended to 1958 Stillwater Worsted Mills— 51 105% 96 Stern Brothers 6s 105 Susquehanna Silk Mills— 95 103 100% 53% 105 Stanley Co (Camden) 6s '40 J&D Stanley Crandail 6s 1946..F&A Stanly-Rowl-Clark 6s 1946—F&A Starrett Corporation— Secured cum inc 3-5s Apr 195095 30 105 103% 104% 104% J&J J&J 1947 J&J Stand Textile Prod 6%s *42 M&S 93 93% Standard Ice 1st 6s 1947—--F&A / 6 Standard Oil Co (N J)— Debenture 3s 1961 J&D 105% 102 St Louis Gas & Coke Cori»— 1st M sf 6s 1947 J&D 3t L Rky Mt & P 5s '55 stpd J A J 3t Paul Un Stk Yds 5s 1946-A.&0 3altex Looms Inc 6s 1954 A&O 80 92% 100% 3 Ms assented 1946 Rhine-Main-Danube 7s '50 M&S Rhode Island Ice 5s w-a '51..F&A Rocb & Pitts C & 75 75 A&O 1%% 1943 2% 1944 2%% 1945.... 2%% 1946 101% J&J Rima Steel Corp 1st s f 7s '55 F&A Riordon Pulp & Paper Ltd— 1st 6s June 30 1942 J&D30 River Raisin Pap 1st 6s '45—F&A Roberts & Oake (Chi) 6s *44.M&N 87 101 Sou Ice & Util conv 6s 1946.F&A Southern Improvement 1st 5s '41Southern Kraft Corp— * 101 4Mb without warr'ta 1956 M&S Republic Steel Corp— Gen mtge 4Ms ser B 1961 .F&A Gen mtge 4%s ser O 1956 M&N Purchase money 5Ms '54.M&N Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— 1st mtge 4%s s f 1956 J&J Reynolds Met deb 3 Ma *51—J&D Rheem Mfg conv 5s 1948—.A&O Richmond Cedar Works 6s 1953Richmond Hos Mills 5s 1948-F&A Richmond (Va) Ice 6%s '42-A&O 105% J&D - 15-yr 2%s deb 1953 60 n f 6s 1947 Southern Brighton Mills— 1st gtd 7s 1940 1st gtd 6%s 1940— Southern Ice Co— 1st & ref 5-8s 1942 100 % Reliance Grain Ltd 4Mb 1952-J&J Remington Rand Inc— 20-yr dPh 4 %s w w 1956—MAP 5 at 105. k Last sale. s Serial notes Richardson & Boynton Co— Cum income 4s 1945 J&J Richfield Oil of California— Conv t f 4s 1952 M&S 70 J&J - 1st s f 4 Ms 1967 Southern United Ice Go— 1st 4s w 8 1950 93 %-l % Junel & Decl 1940— 1 %-i % % June 1 & Dec 1 '41 1%-1%%Junel & Decl '42 1 %-l %% June 1 & Dec 1 *43 1 %-2% June 1 & Dec 1 1944. 2-2 M % June 1 & Dec 1 1945% June 1 & Dec 1 '46 2 %-2 % % June 1 & Dec 1 '47 1946 82 100% 1st leasehold 4%s 1946—J&D Southern New England Ice— 104% Serial notes— Schulco Co 6%s 1946 106% Socony-Vacuum Oil Co— 3s debentures 1964-- - 82" Railway Express Agency Inc— 0% notes 1937 J&J Sayre & Fisher Brick 6s 1947.J&J Schoenstadt (H) & Son 6s 1950 49 (Howard) Paper Mills Ltd Staley (A E) 1st mtge 4s '46-F&A 55% 57 h J&D Corp ref 6s 1940.M&N — ser 11 101% 103% 100 stamped 1941 3axon Pub Wks (Germany)— 1st extl s f 7s 1945 F&A Gen & ref 6%s 1951 M&N 93% 90 Pennsylvania Glass Sand Corp— s 52% 88% 40 Quincy Market Cold Storage & Warehouse 1st 5%s 1946.M&N Radlo-Keith-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid-. Debenturs gold 6s 1941--J&D (Portland Me) 4s 1958—A&O Pennsylvania-Dixie Cement Corp 1st r 4.00 4.60 Deb g 8 f 6 %8 '51 with war M&S f 29% Deb 6s 2930 Ann Apr / 300 Signode Steel Strap 3%s *45-A&O 72% Silesian-Am Corp 7s 1941 29% F&A Silverw'd Dairies 5s '41 to '51 J&J 99% Simmons Co Conv deb 4s'52A&O 99% Simpsons Ltd— 1st & coll 4%s A 1951 100 J&J Skeily Oil deb 4s 1951J&J 102% 1st 100 99 . M&N Union 7r 88% South Coast Corp— Gen mtge inc 6s April 1950 Southern Advance Bag & Paper— Bishop 40 40 78 97% 103% r A&O / 1st & ref 5-6 Ms 1947 A&O Richmond Radiator 5s 1948 M&N 43% M&N Peerless Cement 1st 5s 1948--J&J Penman'B Ltd 1st 5%s '51--M&N Penn Amer Coal 6s 1941-56..J&J Penn Dairies 1st s f 6s 1949--J&J Penn Mercantile Properties— a 9 41 ■ 30 103% Paton Mfg Ltd 1st 4 Ha '50.M&8 Peabody Coal Co (Consol Co)— ser 42 7 38 Paramount Famous Lasky 6s 1947 / 115 Paramount Publix 5%s 1950 / 115 Paramount Pictures 3%s '47-M&S 85 Parmelee Transportation Co— 1944 12" 9% 96 „ deb 6s 84" '37-M&S f Pan Amer Petroleum & Transpt— 7-yr div notes 3 Ha 1943--J&D Secured r Kheinelbe 40 Without warrants 100% Otis Steel s f 4Hs A 1962—J&J 76 Oxford Miami Paper 6s 1947-F&A 91% Pacific Atlantic SS 2-5s '43-M&N f 55 Pac Coast Cement 6s A 1942.J&D 82 Pacific Coast Co 5s 1946. J&D Pacific Western Oil 3% 1949.F&A 97% /s •. 81 Orono Pan Amer Petrol Co (of Calif)lst conv s f 6s 1940 J&D15 »•» 45 O'Connor Moffat deb 6s 1948F&A O'Gara Coal 1st inc 5s 1955 M&S / Old Ben Coal Corp 6s (w ») 1948 Inc deb 7 Ms (w s) Aug 1 1953. Pan-Amer Industrial 88 86% 80 OceanSSCo(Savannah) 5s *43J&J f 5s 1953 r r 2.00% 3.10 5%s without warr 1945.F&A Nova Scotia S & C 5s 1959—J&J 6s porpetual stock J&J s 71 29 2.75 6s 1937 J&D N'weet Pub's Deb 4%s 1948.J&J Northwestern Barb Wire Co— 1st mtge s f 5%sw w 1945.F&A 55" 89 Refrigerator Line 1st mtge 5s to 1948 M&N Debenture 6s 1943 M&N Northern Redwood Lumber— 1st 62 50 Equip trust 4s ser I Jan 1 *41-*43 Equip tr 48 ser J 1940.46.J&D Eq tr 3%s ser K 1940-48..A&O Northern Elec & Nor Pap Mills— 1st 4s 1940-1947 M&N 98 53% 52% 49% M&S Midwest 90% Equip trust- 5s E 1940-42--A&O Equip trust 5s F 1940-45—F&A Shuron-Optical 6s 1951 1st 4%s 1951 J&D Smith (L C) & Corona Typewr'rs Deb 2% to4%% to 1946—J&J Smith & Wesson 5%s 1948—J&J 88 -M&S —M&S 6s 95% —J&J s Smith 60 ir • 1st« f581953 87 26% 45% M&l 99% 53 Potomac Md Deb Corp 3-6s 1953 Potomac Realty Atl Deb Corp— 1946 67 101 — 58% 58% 96 86 Purity Bakeries 5s 1948 J&J Juiker City Cold Storage— 87 Equip trust 4%t Aug 1 *40-'46 Equip trust 4%s Nov 25 '40-'43 Equipt tr 4%s 1940-47 J&D15 conv 88* 99 '53- Prov Paper Ltd 5 Ma 1947--M&N 100 86 Nordberg Mfg Co 1st 6s 1943M&I North American Car— 8 f Potomac Cons Deb Corp 3-6s Potomac Deb Corp 3-6s 1953 7a 83% 6s 8tamped 1946 J&D Partic deb 2d mtge 7s 1946 J& JNew York World's Fair 1939— 4% 105 ^otestant Church of Germany— Trap Rock Corp— f 102" 3 103% 1st 3Ms 1941-1943 M&S Produce Term & Cold Storage— 1st Income 6s 1958 J&D 98 1st 6s ext 5 %% 1942. M&N f NYLE&W Dock & Impt— s M&N / 1957.. J&J Poor & Co a f deb 4s 1940—-A&O Portld Woolen Mills 6 %s'41 M&N gold 5s 1st 5s 1957 2d conv deb 4s 1957 1st 3s 1940 Newport Industries— conv 1st ref 5s 1936 1st f 6s 1947 103% 85 Siemens & Halske— 100 Pocahontas Consol Collieries— Pressed Steel Car Co 5s *51—J&J Price Bros & Co Ltd— 75 1st 99 Potrero Sug 7s stmp 1947—M&N Pratt Cons Coal 1st s f 5s 55 J&J 95 North Western 106 105 3-6s 1953 82% 20-yr s f 6s 1947 New 6-4% 1947 110% 100% Port Royal Pulp & Paper— 5s to 1941 M&S Potomac Bond Corp 2-5s 1953— 101 6 Ms 1943... Income 6 Ms 1953 *st 105 F&A f 6s 1948. / 3-6s 1951 A&O Securities Accept Corp 5s '40 J&D SneU Union Oil Corp— 2%s debs 1954 J&J Sheridan-Wyoming Coal Co— conv "3" Shippers Car Line— Potomac Franklin Deb 3-6s 1953. Gen & coll s f 6%s 1940—A&O / Coll tr s f 6Ms 1943 A&O f Corp 4s 1952 s 19% 109 Rican Amer Tobacco—■ Conv 6s 1942 J&J / 6s stamped 1942 / ....A&O 1949 Nivelle 18% 2% Porto 101% A&O National Supply— 1st M 3%s 1954. National Terminals Corp— New York 1943—F&A Pierce Butler & Pierce 6 Ms '42.. Pine Hill Collieries 1st 6s *42 A&O mtts Steel 112" 103 7 J&J Pittsburgh Coal deb 6s '49..F&A Pittsburgh Coke & Iron Co-— lot mtge conv 4 Ms 1952—M&S Pitts Crucible Steel 5s to '45-M&S 109 100 A&O Conv 5% notes 1947 1st 111% Bid Schulze Baking 1st 6s 1945--M&S 95% Scott Paper deb 3%s 1952—M&S t 114% S-ovili Mfg Co 5%s 1945...«&J 108% S Tipps«(E W) deb 5%s 1943 F& * Scullin Steel 1st 6s 1941 A&O 12 4 Pittsn Prewing 6s Feb 4 '49. 22 5— 110% Pitts Term W'house & Transfer— 1941: NYLE&WC 36 iij* Pickering Lumber 6s A '46. _M&N 6 47 National Radiator Corp— Cum income deb 5s 1946--M&S M&S 1943 Phillips Elec Works 5s 1953.F&A Phillips Petr 3s conv deb '48-M&S •^hoenix Iron Istsf 6s 1946-M&N 100% National Hungarian Ind Mtge Inst 7s 1948. M&N / Nat Ice & Cold Storage (Calif)— w w Bonds Ask „ Phelps Dodge 3 Ha 1952 J&D Phila & Read O & I 5s 1973.-J&J Conv deb 6s 1949-M&8 National Distillors Products— 1st Bid Pettlbone Mulliken— 50 115 102% 17% 108% 35 35 38 $89.50 of principal amount; 5% was paid on July 2 and 5% % on Sept. 25. Canadian funds, s Sale price, x Called Feb. 15 at 100. MISCELLANEOUS BONDS & INDUSTRIAL 84 defaulted bonds the date of issue NOTICE—All bond prices are "and interest" except where marked "f" and income and Quotations for all securities are as near as possible for the closing day of the month preceding Walker United Oigar-Whelan Stores— 8 f 5s Oct 1 1952 A&O 62 M 96 United Corps Ltd inc 5s 1953 F&A United Elec Goal Cos inc 7s 1946. 98 99 20-yr 1st mtge 4s 1955 Warner Bros Pictures— 98 M 18 91 93 59 60 M 106M 106K Works (Germany)— 23 M 6^8 series A 1951.. .....J&D 3 Ms assented A 1951 6 Ms series C 1951 J&D 3 Ms assented O 1951.. 6Ms aeries A 1947 J&J 14 M 23 M 14 M 24 14M 3 Ms assented A 1947 United Stockyards Corp— 92 M 15-yr coll tr 4 Ms A ww *51 A&O United Wall PapeF Fac 6s 1947-. Universal Sewer Pipe 6s 1943.J&J Utah Ice & Storage (Colo)— 20 93 104 M 104 40 30 62 1954 J&D Utilities Elkhorn Coal 6s 1948 J&J / Valvoline Oil ext 5s 1947..M&N 4-58 68 93 Vanadium Corp of America— Conv deb 5s 1941 —A&O Van Camp's Inc 1st 6s 1943..J&J 102M 104 M Vertientes-Caniaguey Sugar— 1st coll conv 5s 1951 A&O Vertientes Sugar 1st 7s 1942— / Certificates of deposit. Secured 6s 1945 Wilbur-Suchard 4s 90 100 6M 21 "8" 38M 39M VaJHardwood Lumber 6s '42. J&D 31 p 5 K 99 M 99 102 M 48 50 56 M 55 M 102 97 M 96 M 112 Los 101 "si 213 75 99 111 105 M 107 90 60 94 93 89 105 M 105 M 105 M 52,000 6,500 59,000 7,000 2,000 700 "960 2,000 1,250 3,500 1,850 Stk. 161 523 18 100 p80 150 1,000 1,000 6,000 Milw Grain & Minn Ch of Comm. 12M 17 M " Minn-St P Stk Ex. Montreal Curb Ex. 85 90 Montreal Stock Ex. 25 Vew Orl Cotton Ex 106 New Orl Stock Ex. ' 105M 98 M 74 M 99 M 75 M 101 83 68 1963...M&N 101 99 J&D 106 M 200 500 600 1,500 1,600 3,500 "375 18,000 950 100 750 500 70 200 Pittsb Stock Exch. 100 St Louis Exchange. ,43 Salt Lake Stock Ex. 43 San Fran Stock Ex. 69 Seattle Stock Exch 1 30 Seattle Curb & M. / Toronto Stock Exch 113 Washington Stk Ex 40 Winnipeg Gr Exch. 463 Phila Stock Exch.. 450 500 500 16,500 200 650 3",700 3,700 1,400 12 M ' '38.A&0 6Ms w w 1944 80 Tr) Ang Stock Exch ' M&S Extend Income 6s 45"" . Kan City (Bd of 100 r "155 1,200 5,000 10",000 "800 '950 200 100 700 450 > •tr- "400 I",000 "200 20,000 350 300 400 4,000 4,000 4,500 55 1940--M&S Called Feb. 7 at 105. 100 99 J&J 5Ms 1943 Wise Lime & Cement 6s Vulcanite Portland Cement— ♦ Co 4s ser 97 109 Last Sale No. 1,375 $59,000 450 6,250 N Y Oof & Sug Ex. 344 1,900 N Y Curb Exch... 550 8,500 Commodity Exch.. 907 850 N Y Prod Exch 1,371 150 Assoc membersh. 75 Baltimore Stk Exch 76 n Boston Stock Exch. 139 3,250 Chicago Bd of Tr. 1,549 1,650 Chic Merc Exch— 473 550 Chicago Stock Exch 350 1,800 Cleveland Stk ExcL 41 2,250 Detroit Stock Exch 60 650 Ft Worth Gr & Cot 66 350 N Y Cotton Exch.. 20 1952 A 1955 98 M 98 M SEATS N Y Stock Exch... 81M Woodland Farm Dairy— 1st 7 Ms 1943 M&N Wabasso Cot'n 3M-4Ms '51 F&A y 94 EXCHANGE Witherbee Sherman Inc— 90 Va* Iron Coal & Coke 5s '49.M&S 90 Conv debs 3 Ms 1947 A&O Wilson (W P) inc 6M» 1945.M&N Winslow Bros & Smith— 12 M Vicana Sugar Co 6s 1955—_J&J / Victor Amer Fuel 6s 1940 F&A f Victor Fuel 1st s f g 5s 1953..J&J Walker Coal & Ice 8s & Wilson r *46.-J&J 97 99 104 94 ..J&J *44.A&O A&O Debenture 6s 1943 J&D Voungstown Sheet & Tube— 1st M <» f 4s ser r 1961 M&N Conv 4s debs 1948 M&S 6sl942 29 102 -J&J M&S 5-year 7s ser A 1930 74 Van Dorn Iron Wks 7s June 1 1942 27 ' J&J Yates-Am Mach 3-6Ms York Ice Mach 6s 1947 35M 32M Conv s f deb 6s 1941 M&S 5Ms notes 1937 M&S (S D) Co— 1st mtgesf 4Mb 1952 M&N Conv deb 4Mb 1952 M&N Watab Paper 1st 6 Ms 1942. _J&J Webster C&C 1st g 5s *42 op M&S West Boylston Mfg 7s 1942. -J&J West Indies Sugar 6s 1947..A&O West Va Pgh Coal 6s 1947 W Va Pulp & Paper 4Ms '52 J&D 1st mtge 3s 1954 J&D Western Dairies Prod 6 Ms '41J&D Western Grain Co 6s 1949—J&J Western Newspaper Union— Conv deb 6s 1944 F&A Weyenberg Shoe Mfg— Debenture 4Ms 1945.— J&D Wheeling Steel Corp— 1st M s f 4Ms ser A 1966..F&A Whitaker Paper 7s 1942 M&N White Sewing Machine— Deb 6s 1940 M&N Wickwire Spencer Steel— 7s certificates of deposit 1935 Prior lien 7s certificates 1935--- 5 ..F&A '48 J&D 29" Warren 100 U S Print & Litho 6s 1950—A&O 72 27 Bros Co— Warren 100 1949..F&A Finishing 5s 1944 J&J 70 49 Warner-Quinlan Co 6s 1939.M&S Warner Sugar Corp 7s 1939.J&J 35 99 M 1st sink fund ser B 85 A&o Warner Co 1st 6s 1944 35 79 M 66 Ji __M&S 6s debentures 1948 100 100 19 U 8 Cold Storage (Kan City)— 1st sink fund 6s ser A 1946.F&A Vlau Biscuit Corp 6 Ms 64 78 98 Deb 6 Ms 1941_ M&N U S Cold Storage(Chg)6s'45_J&J United Steel 74 77M 5s series A 1948 J&J 5 Ms series B 1949 M&N United Merch & Mfrs 6« 1945 J&D United Industrial 1st 6s 1945. J&D U S Radiator Corp— conv debs f 5s 1946 U 8 Steel Corp 3 Ms debs 42 Walton Lumber 1st 6 Ms '41 Q-Jan Walworth Co 6s s f deb 1955. A&O A 1942-1945—J&J 1946-1947 J&J 4 Ms series A 1952 J&J Woodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962..Ann Apr Woodward & Tiernan Print— 3 Ms series 4s series A 104 A&O Woods Mfg Co Ltd— 1st 3s to 1941 106 105M J&D 4 Ms Waltham W'tch & Cl'k 6s '43 J&D 95 United Drugs 5a 1953 M&S15 United Grain Growers Ltd— U S (Hiram)-G & W— 1945 Deb 62 H AS* Bid Bonds Ask Bid Bonds Ask Bid Bonds r Canadian price, n Private, k Last sale, accrued interest, / This price includes b Basis. s Sale price, x Ex-interest* 80 seats, 70 members. % Quotations are for the last 14 16 2M 2M 2M 58 4Ms 80 .... 100 Denver 3s First Carolinas 5s New 4Mb 4MB First of New Orleans 5s. 100 99 M _ 69 / / ^ San Antonio 3s 69 Southwest 58 Illinois Midwest 5s 99 Southern Iowa of Sioux City 4Ms-- 98M Union of Detroit f Flat price. z - - 4l «... - - - - 45 Des Moines First Carolinas Freemont 21 21 23 New York 23 North 55 — — M im 1M 4 5 ........... m ' 2 Lincoln - — — 65 8 8 100 100 90 .-.-100 30 33 86 Potomac .—100 105 115 13M San Antonio 100 87 Carolina..... ... . — 5 Virginia 99 2Ms 150 45 Pennsylvania .... 12M / Minnesota 5s 48 140 .—100 -.-100 .—100 Dallas 104 105 71 .—100 .-..100 Atlantic Denver 100 83 69 5s - 100M 100 5s --.100 Atlanta.-_ 102 103 St Louis 4Mb 5s 100 Fletcher 3Ms Fremont 4 Ms / Par STOCKS - 100 Phoenix 4Ms-. 99M First Texas of Houston 5s - 99 York 6s Oregon-Washington 5s Pacific Coast of Portland 5s 100 - - 99 North Carolina 3s First Trust of Chicago— - - 80 5Ms Montgomery 3 Ms 100 5Ms-- - 80 4 Ms— 5s Ask 99M 99M Virginia Carolina 1 Ms 99 M - Lincoln 3M 3M 3M Bid Stocks. Virginian 2s 100 Lafayette 5s 16 14 Burlington 5s-. 4MsChicago 4 Ms of issue. Ask. Bid. Bonds. Ask. Bid. Bonds. day of the month preceding the date 2 ..—100 97 .... Virginia-Carolina 92 2M 103 Ex-dividend. Investing Companies Stocks and Bonds Concluded from page 72 Stocks and Bonds Stocks and Bonds Ask Bid Par Par Per share standard Investing Corp 5 3M 21M 21M 25 S5.50 preferred w w Standard Utilities Inc 44 1 Seaboard Finance Corp * $2 cum pref w w * $2 cum preferred ..100 Second Carey Trust., Securities Co of New York Consolidated 4s 49 ♦State St 28 Super Corp of Class AA__ 22 25 8.70 4.28 9.49 — mm — — 5M 54 55 10 M 10M Shawmut Bank Inv Trust— M&S 4Mb Mar 1 1942 M&S 5s March 1 1952 Sovereign Invest. Inc., com -10c Spanish & Gen Corp Ltd— .—£1 Am dep rets ord reg Amer aep rets ord bearer. .—£1 Spencer Trask Fund Inc Standard Amer Trust Shares. ♦ * .... 1 90 mm ^ m. — mm m, — i 9 preferred... 50 Stocks Inc * Tobacco Securities Trust Ltd— Am dep rets ordinary.. -_£l Am dep rets deferred-. £1 Transamerica Corp——-----—2 Tri-Continental Corp mm • ♦Class .43 .48 ♦Trustee 72 M 3.64 2.52 75 M 5M 35 36 57 M 5s conv deb 1953 —J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares. 25c 107 .57 .84 Y Bank Shares....-.1 1.30 16.19 Trustee N 3.66 issuer. • No par value, e Ex-coupons. % 1M 5M 2M 85 M 108 2.57 2.52 5.19 2M 96M B Unitm' C3-.-* ctf A... N Y Bank Shares U S Elec Light & Pow tr Trust ctfs series B U 14 Ask share 5.30 -1 ♦Series 59 77 2.42 D United Insurance Trust Shs 10.73 5M 5M 2.47 1 1 Standard Oil shares A.l Stand Invest ser O Union Investment common..-.-* Co;." deb 5s 1946 M&S 3.82 9.87 .71 15.29 3.56 ♦Trustee 12c 10 M 11M Vs Bid Per 5c Me J an. 15 % M Quotations not furnished by sponsor or 1 2 1 Talcott (James) com 5M% partic * 2 Par share 9M 6% cum preferred—...—.—* Warrants —.--- 83 .65 k .... Tobacco & Allied 55 5M Amer class A Supervised Shares M % 53 M Investment Corp Class B 1 % Securities Corp General com—* Selected Amer Shares Inc...-2M 1 Selected Income Shares * Selected Industries com $5.50 prior stock 5 Convertible stock Allotment certificates * Shawmut Association. com__* * —50c Stocks and Bonds Ask Bid Per ' Voting shares. 8 & Foreign Securities 25c com..* * $6 1st preferred U. S. & International - Sec /Flat price, k Last sale, h 2.13 .99 6M 83 * pref with warrants * Util Equities Corp com 10c $5.50 priority stock 1 Utility & Industrial Corp— 6 Convertible preferred 7 ...1 .63 Wellington Fund .94 Western Reserve Investing—_ Deb 5 Ms 1944 F&A 1.40 Wisconsin Bankshares * 1st 1 Vs 16 63 1 53 1M 14.01 100 n Nominal, x Ex-dividend. 4M Quotations for all securities Stocks Par Bid Ask Per Stocks Per Burlington Mills— 1 44 Cannon Northern Mills * Preferred. 53* 23* 53* 4 86 10 4 pref.20 12 x 53* 15 Pine Spinning Co 5% preferred Borden 5% ♦ OX * 5 2 4 2X 4X * 7 9 100 10 Bourne Mills 1st preferred. . Mills— Preferred 100 Cabot Mfg 100 Cleve Worsted Mill Common Draper Corp Parr Alpaca 77 • lOO 4 Franklin Process._* Fruit of the Loom - units. ______ General 12 X 79 % 33 3* 4X , 34 X Oriental Consol Mining 10 5% 5% 243* 26 Pacific 1 6% 6% 1% 2 91 Chlquola Mfg 20 6 % preferred Clifton Mfg (SO) 100 Climax Spinning. .50 Columbus Mfg (Ga) 15 19 72 76 ' 83* % 73* 3* 0% Globe Knitting..2 Worsted_50 Can Converters. 100 r 48 52 Can Cottons Ltd 100 r 16 18 Preferred 100 Domin Text Ltd * Preferred ..100 Montreal Cottons. IX 2X 20 7 8 20 37 110 40 49 12 100 52 21 11 Flint Mfg Co -.10 7 % preferred Florence Mills 100 7 % preferred. 100 Fulton Bag & Cotton 26 Mills 13" 25 27 100 2% 17 49 54 (Baltimore) 100 Preferred.. .100 Nashawena M * Nashua M (NH) 100 Preferred 100 2nd preferred 3X 15 x 48 S* CO 8% 8% 34 1 8% 100 Rayon class A. .25 32 10X 11% N J Worsted pf--100 * 40 Nonquitt Mills 27 Newmarket Mfg * North Amer Rayon— Com class A * Com class B * 6% prior pref. .50 Pacific Mills • 24 X 24 50 13 X Patchogue Plymouth Mills 1 com 6 Sull'n M & 02% Butte Copper & 20 ...20 15 18 Hamrick Mills Hanes (F H) Knit.5 25 30 114 116 81 86 113* 8 41 Preferred 26 31 43 30 25 30 50 55 24 X Majestic Mfg Marion Mfg Co 115 Marlboro O Mills..4 Mock Judson 83 84% 1 15 24 See Indus. Stocks. Preferred 20 13X 15% 163* Mfg 100 35 .♦ 33 Skenandoa Rayon_♦ 5 % preferred- .100 Soule Mill (N B)_100 6 — Chatillon__l A 1 7% preferred.. 100 United Elastic....* Utica Knitting.. 100 7% preferred. .100 36" 7 82 — 40 9 9% 31% 32% 86 88 6% 60" Mohawk Cotton Mills.. 100 Wamsutta M—100 Wayne Knit Mills .5 — 47 34 6 6% 64" 36 8 14 14 % Cot Mills 100 19 25" 63 67 .100 7% preferred.. 10C Perfection Spinning Pickens Mfg Piedmont Mfg 20 Poe (F W) Mfg.. 100 70 Ranlo Mfg 100 63 26 X Amer Enka * Amer Yarn & Proc_. Appleton Co. 2 3 50 60 7% preferred-.100 60 ~2% 41 43 75 lstmtge notes Spartan Mills Startex Mills 45 100 —25 47X 102 17 1 Beaumont Mfg 7 % preferred Belton Mills (SO)-26 7 Preferred Bibb Mfg. 7 % preferred. a 20 8 94 92" 96 . 100 45" 91 95 28 33 2 90" Purchaser also pays par value. Stowe Spinning Textiles Inc com. Class A pref Class B pref General Tin.. Golden Cycle Corp 10 2 Common. 7% pref... 100 pref...100 Victor-Monagh'n 100 7% preferred.. 100 Victory Yarn Mills— 1st M common. 30 12 11% 6% 11% 6% 25 X ~i% Adams Millis Adams Oil & 24% 6X 6 Inspiration Cons 90c 123 Royale Cop. .25 IX 1 X % 1 Gold Mining 10 Magma Copper Col 0 33% 34 X 44% 45% 8% x 5 8% Mining Corp of * 55 IX Mother Load Ooali'n 1 85 17 National 5 80 17 20 48 4c 11c 3% 3% 1% Tunnel and Mines com..* New Jersey Zinc..25 62 Newmont Mining. 10 72% IX 62 X 72% 10 27 28% 5 1 1X N Y & Honduras Rosario NIpi8sing Mines n Nominal. 63* 60% 52c 61c 5c r 61% 7c Canadian 693* 9 ~ m mm 83* 55 65 13* 123* 20 26 13* 133* 413* 453* 453* 19 21 83* 21 * Gas.* 3% 47 19 213* 43* Mul- tigraph Corp...10 18% Castings com...5 Advance Bag & Pap 6% preferred.. 100 8% preferred-.100 Advance Rumely..* Aeolian Co— 6% preferred A.50 Aero Industries Technical Inst... 19 2% Advance Aluminum 3 93 2% 10 13 11 4% 22% U X Warrants Aetna Ball Bear .1 Aetna Rubber Preferred 100 Aetna Stand Engine* Agfa Ansco (Del)__l 5X 20% 4% 5% Aero Supply Mfg— Class A 1 Class B 1 12" 6% .... Agnew-Surpass Noranda Mines * North Butte 2.50 Ohio Copper of Utah 1 k Last sale. Addressograph 22 7 63 Aeronautical Corp.l Mines common.lc Mt City Copper..5c 99 5% 5 Lucky Tiger Comb McIntyrePorcupine5 i 75 Preferred 100 Abitibi Pow & Pap_* 6% preferred .100 7% preferred-. 100 Abraham & Straus * Acme Steel.. 25 Acme Wire IlO Adams (J D) Mfg..* 24% Illinois Zinc 45 Flat price. Common $6 preferred 50c 147 18 Aberfoyle Mfg.. 100 49% 25 Bay Min & Smelting ♦ Idaho Md Mines..] 40c * Abercrombie & Fitcb 59 X Hudson Canada 3 J* 69 142 Abbotts' Dairy 6% 59X 48% 12 X Howe Sound Co b * Lab'tories. 4 % % conv pfd 100 36 6X 11X common 51 .... 3% * Abbott Greene Cananea Copper Co 100 Hecla Mining 25c Hollinger Mines...6 Homestake Mines Miami Copper X 1653* MISCELLANEOUS A B Stove 7% 7% _f 75 95 f Power 15 6s Jan 1941 X 12 INDUSTRIAL AND 82c 118 9 & 78 1st 3* 12?* Guar & Trust of New York 20 13c 8c .1 Louisiana L'd & Ex 1 10 3 45% 8 X 6 a Real Estate (DC) 100 25 22% 49 100 50 3 250 Title Lake Shore Mines. 1 Lava Cap Gold Mini .10 2 a a a 2% 44 15 Union-Buffalo Mills accrued dividend. ♦Without 24 103 19 5 85 Mortgage Guar..* IX 35% % X IX 28% 47 2d 5% 6 40 100 Brandon Corp A. 100 Class B * 20 Sterling Spinning a a Bankers Bond & 40c 75 18 Home Title Ins (NY) % 25c 120 T Columbia (D C)--.5 EmpireTitle &Gul00 Evans-Wallower Zinc, Inc 1 Federal Mining & Smelting new 2 14 100 a TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS. 22% 10% 35 19" 10 1 % 22 X 10 Kennecott Copper.* Kildun Mining 1 King David Min.50c Klrkland LakeGold 1 17 21 Kimball Bldg Tr 100 4% 10 X 7 4 .... 18 a 15c 4% 8 99 a a 38 Evans Wall Lead— 7 % preferred. .100 Isle Franklin com Hotel Tr (Boston) 100 ~8~ 7% 37 X 11c Jardine Mining * 60 Cre8son Consolidated Gold Min & M..1 Dome Mines Ltd..* 99 70 2% Copper Canyon. 10c Copper Range • Cornucopia Gold.5c City RE T (C)..500 Congress St Associ¬ ates (Boston). 100 Factory Bldg Tr.100 Fifty Associates (B)_ IX orV* 35c ~8" 100 ♦ Boston Wharf 100 Cent Bldg Tr 100 Chic R E Trus's. 100 3% 85 103 Bleachery Print Wks 50c 5 12 80 6% preferred-.100 Rowan Cotton Mills Saxon Mills-. 50 Smyre (A M) Mfg 10 7% preferred Southern % Copper. 20 Internatl Mining..! Island Creek Coal J $6 preferred 1 10X Southern Worsted— * Avondale Mills 27 10 7% preferredlOO Southern Weaving.* 110 100 Preferred Arcade Cotton 28" 24 7% preferred. .100 Riverdale Mills— Process Anderson Cotton Mills 100 68 101 Riverside & Dan Riv Common 25 Bd of Tr Bid Tr.100 Bos Gr'd R'T Tr 100 Bos RET (Bos). 100 Bos Stor W'h'se.lOO IX 6% % 33 Mines 50 Orr 2X 1 IX 6% 40c 31 25 Olemenceau Min 25c Consol Copper 6 Cons Min & Smelt .5 70 Southern 5 Acme Spinning.---. Alabama Mills * IX 6X REAL ESTATE TR & LAND STOCKS 4 30c Goldfield Consol 65 Preferred Abbeville Mills IX 32 Mines 38 Granby Cons M S 53" & Southern Mills 54c 1 13 3% 37% X 73 48 Pacolet Mfg 14 12% ~! 72 50c ;1 White Knob Copper Preferred 10 Wright Hargreaves 233* * 20 50 7% preferred Common 22 2 10% 3% 7c 110 Plate 32c ~3% 17 Norris Cot Mills 3% 22c 1 69 Newberry 0 M..100 2% 1% 1% Clear Creek Cons— Common 10c 2X Niat Yarn Mills 3 Mills 60 Voe— . Roxboro Knitting & 27 54 Musgrove Cotton Utica 1 91 Monarch Mills. .100 Mooresville Cotton ich Borden Mfg8ulssett Mills 100 61 % May Hos'y Mills 100 $4 preferred Mills Mill pref..100 26 Saco Lowell Shops Walker Mining Washington Tin % IX 6% Eagle Pith Lead..10 54 100 Class 46 Laurens C M 100 Limestone Cot Mills Lin ford Mills Dye Works 100 Tubize 46 45 See Borden— 12 % Copper Corp m 40 40 41 2 Utah Metal & Tun.l 10X 7 6% 2% 3* 10% 3% 3 % X, Silver-Lead_1 Sunshine Mining.lOc Teck Hughes 1 Tihtic Standard 1 42 1 Copper 98 Judson Mills A pflOO lYeferred B 100 5 10 Chief Consol Min__l Chile 75" 37 1 38% 5% 26% Central Eureka Cerro de Pasco 99 Pepperell Mfg—100 Mills. 75 70 Pierce Mfg Pilgrim Mills Sanford 47 70 35 Sagamore (F R) 12 37 24% 51X 13 X 5% 26 % Calumet & Hecla__5 Carnegie Metals 1 Central Am Mines. 1 8 Inman Mills Co Butte & Sup Callahan Zinc-Lead 73* 5 Industrial Cotton Mills pref .5 Co 4 4% preferred $3 prior pref--— Highland Pk Mfg 20 28 Preferred Zinc 133* com 10 50 23c 38 X 5 Bunker Hill 16 Co ing, Ltd Mills— King (J P> Mfg.. 100 La net t Bleach ery & 28 New Bedford 14c 10 37 , !M Joseph Lead Tonopah Mining. .1 Union Copper Land & Mining 25 Utah Copper Co..10 Dredg¬ 49 Granteville 6% preferred Imperial Yarn 3 35 Naumkeag Steam Cotton Mines._.l Gold 45" Henrietta Mills— Units Merrimac Mfg..100 Preferred 100 Mt V-Woodb Mills Consol Bulolo 7% preferred..100 Hartsville Cot Mills. 102 22 6% 6 Black Hawk 8% 40 . Preferred 21 Ludlow Mfg Assoc. * Luther Mfg 100, Martel Mills— 6% 5% & 43 Grendel 97 X 12 Stand 10 Glen wood Mills-100 11 10% Shattuck Denn Gold Lead Gossett Mills 93* 95 X $6 part pref A * Kllburn M (N B)_75 7 Zinc .. 25 21 * 60 STOCKS Smelting 1 $5 prior conv pf 25 Anaconda Copper Mining Co ..50 Nndes-Oopper M.20 Austin Silver Min-.l Bagdad Copper 5 25 com 58 36 Juneau Mining... 92 50 10 'I X Ltd Amer shares. St Anth Gold M...1 — 131 Alaska 39 Gaffney Mfg Conv pref IX - Silver King Coal 29" 37 * 14 1 Quincy 25 Roan Antelope Min So Am Gold & Plat. 1 104 Gainesville Cot Mills Kendall Co r MINING 99 Serial notes 12% 1 % 1% * Premier Gold M _ r Amer 14 80 - 115 56 18 >. 110 r 109 Pond Creek Pocahontas 155 603* r r 6% 1% 1% Mining..25c St 150 893* 55 103* 44 100 100 1 1% + 89 r 1043* 5% Polaris 17 1023* 1103* r r Preferred. 100 Wabasso Cotton.. 11 & Amer shs ctfs_.10 Pioneer Gold Ltd-.l 15 Penmans Ltd com.* 10 10 _ Mills Preferred Hosiery— 42 Hartford Rayon vtcl Mines Patino Mines Enterprise— Canadian Gosnold M (N B)._» Preferred 100 Prior preferred.25 Hathaway Mfg. 5 48. 85 125 4 66 80 Tin Consolidated Park-Utah Consol 99 99 40 Common 100 Converse (D E).100 Crescent Spinning.. Dillaa Mfg (Ala) 100 7 115 94 Goo da 11 14 43* 61 . r.;7 ..... Cotton if 50 62 20 6 % preferred. .100 113* 14 Preferred B 58 Fairforest Finish Co * 28c 25c 119 89 . 7 % preferred Efird Mfg Erwin Cotton 6 Mining Com Preferred 100 West Point Mfg..20 Winget Yam Mills Mtge 6s Wiscassett Mills Woodside Cotton.20 100 263* , 23c Oklahoma Interstate Washington Mills 100 Wellington Mills * See Indus, stks Brighton Old Dominion Co_25 - 100 95 6% Dwight Mfg.,.123* Eagle Yarn Easley Cotton Mills Bradley Knitting — 98 share 38?* 7% preferred-.100 10 «. Per 5% 100 Durham Mills class A 46 Ask Bid Par 37% Dunean Mills Botany Worsted Stocks Ask share * 92 9 com | 10 D irl'gton Mfg(8C> 6 46 5 Border City Mfg 100 Preferred Wallace Mfg Co Ware Shoals Mfg 100 7 % preferred 100 _. Drayton Mills 43 (Richard) Mfg Co 19% 26 China Grove Cot— 7 29 Bid Par Per _ 24 Mills common 8 % preferred. 53* 27 100 Beaunit Mills Co 68 * Apponaug Co., Arlington Mills A00 Atlantic Rayon ...1 Bates Mfg .100 Beacon Mfg— Berkshire 50 Stocks Chadwick-Hoskins 23 Preferred Ask share 19% Calhoun Mills Callaway Mills— Amoskeag Go conv Bid Par share TEXTILE STOCKS $13* possible for the closing day of the month preceding the date of Issue are as near as 25 3X 25 Shoe Common * Preferred .100 Ainsworth Mfg 5 Air Associates.. 1 Aircraft Accessories. 11 106 5% 10X 2% 7% Aircraft Precision Air Devices Oorp—1 price ' 3% 26% t New stock. x 11% 110 6% 10 is Ex-dividend. INDUSTRIAL 86 *> Stocks Ask Par Stocks 1 Air Reduc'n com..* 50 . 100 Automat Vot Mach * 50 55 Amer Maracaibo-.l 90 95 Amer Metal Co Hamilton * 1% 11% 20% 20 % 9% .* Allen Industries—1 Alientown Portland Cement pref—10 Alles & Fisher * Alliance Realty 6 Preferred 100 Allied Chem & Dye Corp common * Allied Kid Co com.5 Allied Laboratories * 5% prior pref Amer Pulley Amer Radiator & 7% 3 14 19 20% 14% 8% 14| Allied Paper Mills.1 Allied Prod (Mich)— 195* 20 10 105* .18.50 12 Screw.100 American Sealcone.5 28 66 Seal-Kap 2 Seating * Am Ship & Comm.* Amer Ship Build..* Am Smelt & Refg—* 7% preferred. .100 Amer ,67% Am Steel F'dries American 14 % 7 i| X 20 Alum Goods Mfg..* 147% 1145* 16% 149 Indus--* * 99% Aluminum Ltd 2% 14% 2% 6% conv pref-.50 Amalg Sugar 1 * 20 Amer Agric Chem.* Amer Air Lines—.10 Class * * Class B 6% preferred.-.50 Bemberg cam.* 100 1% 2 6 , Amer Box Board-. 1 A.Brake Sb & Fdy 6% 39 Anchor Post Fence. Antilla 1 8 20% 113% 137 190 165 15" 20 Am Crystal Sugar 10 6% 1st pref 100 Am Cyanamid A. 10 Class B .10 5% preferred...10 2d series Amer Distilling pf 10 Amer Dist Teleg * 7% preferred..100 10% 6% 6% 5 Ark Fuel Oil pref. 10 5 65* 6% 105* 82% 33% 34% 12% 12% 2% 11 86 34 itH 12% 2% 102 106 115% 117 Arnold _ 3 2% 15 15% 9 7 93 100 17 19 8% Art Metal Works. .5 Asbestos 7% % 4% % 2% .50 1 Am Hair & Am-Hawaiian 25 SS.10 Am Hide & Leath__l 6% preferred...50 Amer Home Prod. 1 Amer Ice Co......* non-cum pflOO Amer Insulator * Si 50 prior pref. 10 Amer-La France & 7 1% 3% 71 73 40% 13% 39% 12% 103 100 27% 2% 3% 19% 24% 30% 5% 34% 58% 28% 2% 3% 20% 2% % 16% 3% % 17% 22% 30% 5% 33 57 _ 6% 6% 11% 1% 5% Foamite Corp.. 10 Warrants Am Laund Mach_20 corn. 1 American Locker— A * Class B * Locomotive.* 7% preferred_. 100 ♦Without par value. preferred-.iOO r 10% 2 12 2% 18% 19 52 l/8 5% 18% 18 112 Dry G'ds 1 6% 1st pref..-100 7% 2d pref...100 73 Am dep rets ord registered ___£l Rayon.* Athey Truss Wheel 4 Associated Atl Coast Fisheries.* 8% 7% 6% 6% 2% .... 3 Atl Gulf & W. Indies SS Lines 5% non-cum * pflOO Atlantic Refining.25 4% conv pref. 100 Atlas Drop Forge. .5 Atlas Plywood * preferred.20 Conv 122 Tack * - 6 2% Austin Nich & Co__* 2 $5 cum prior A__* Autocar Co com. 10 6% preferred.. 100 Automatic Fire Alarm common.25 5 55% "2% 1% 30% 30% 45 46 17 Jan. 10% 10% s * 6 7% preferred-.100 Beryllium Corp 91 7 7% . Preferred 50 * Best & Co Beth Fdy & Mach.* Preferred 50 Beth Steel (Del) * 4% 5% 35 37% 38% O Lt Q O 73" 20% 117 2% 83 38% 31% 32 97 98 Inc Preferred 100 Billings & Spen Bing & Bing Binks Mfg 3% 25 5 1 * 10 5 - Preferred Co Bliss & Laughlln._ Preferred % 3% * Last sale, Brewing.._* Burger 50 Nominal, 110 21% 28% 13% 40 3% 43 Common....... 1 18% 32 Corp Ltd— Am dep receipts. . * com Burroughs Adding * Machine Burry Biscuit. 12%c Preferred * 50 Byers (A M) com. .* 7% part pref.-100 Byers Machine * Byllesby class A * Class B * Preferred * 11% * 5% preferred—50 Calaveras Land Timber 7 46 .5 30 30 35 r Canadian price. 5% Burma 195* 10 19% Cambria Iron Campbell (AS) Campbell Wyant Cannon Fdry lanada Bread Preferred. Class B pret n 10% 39% 5% Mfg—- t,F) Calif Pack Corp 55* 19% 44% 9% 185* » 19 9% 102% 7% * Preferred 1% 34% 2% Burd Piston Ring.-l Burdines Inc 1 4% 54% X Called April 1 at $20. * * Watch 4% 1% 99 Fdy & Mach .wn * B!ack&Decker Mfg * Blauner's $3 pref--* 16 14 preferred-.lOO Bullard Co Byrndum Corp 1 Bryon Jackson * Cable Elec Products Vot tr ctfs 50c Common 50c Birdsboro Stee Blaw-Knox 7% * Butterick Co 14 38 65 Budd Wheel 6% preferred * 7% debenture. 100 Bush Term Bldgs— 7% pref ctfs.. 100 Butler Bros 10 5% conv pref. .30 $2.50 preferred-.* Bigelow-Sanford Carpet com * 9% 8 100 (E G) Mfg..* 7% preferred-.lOO 8 14% 21 16% com Budd Bush Terra Co com 1 33 72% 5% preferred 20 t 20^32 115 7 % preferred-. 100 B/G Foods Inc * 2% 78 7% preferred--100 Bird & Son Buda Co 96 Limestone 6 Cement com__l 87 * 10 Bucyrus-Erie Co. .5 7% cum pref.. 100 Burns Bros 1/ 1 Purchase warrants Borland Shoe St 4% 22 * $2.20 preferred._* % % 41 common.. 40 Brunswick -Balke- Burkart 7 4 33'»c Hedges. _* * k Berghoff Brewing. _1 Berkey & Gay Fur¬ 105* 77 Bruck Silk Mills...» Preferred Home pref 2% Bunte Bros com—10 Yds 14 3% 14% 24% 66% 123% 6% 2% 2% 35 5 Bulova 16 13 5% conv pref--100 22% 6% 65* 4% * 21% 23% Auburn Automob.. * nZy> 22 Bickfords 110 65 Powder 12!* 88 13% 13% 14% 20% 109% 2% * Atlas 6% 55 Class B 78 70 . Conv '7% 7% 76 * Bruce (E L) Co. A* Buckeye Pipe L..50 Buckeye Steel Cast 20 5% 6% 123% 9% 52% Bessemer Assoc El Indus Ltd _ Class Amer r Brew 10 50 niture 128 . $5 preferred 35 Benson & 7/ QA (Can).* 8% 50 Manufacturing Brunswick Site 50 Bendix 42 Collender Co 40 Preferred 7 9% 5% Assoc Atlas . „ 6% 1 Mfg Preferred 11 Amer Hardware 40c * 7% preferred..100 Art Metal Constr.10 2% * Stk Bender Body com. _5 Bendix Aviation 5 40% 20c 1 108 Common 38% Elec.10 liegeman Arrowhead Petrol. Socket com * Amer Fork & Hoe. * Am Fruit Growers.* preferred-.100 10% 3% 8% 145* 14% Ashland Oil & Ref.l 8% preferred..100 54 RR & Appliance cl A__5 Assoc 2d Belt Hart- 14 Amer Hard Rubb_50 Belmont Radio 40 10% 3% Artloom Corp 2% 1 Bellanca Aircraft--1 60 8 28" 109% 104 1 Bell Aircraft 52 Print Wks. * 85 Felt * 1st preferred..100 50 * * 1 Preferred Brown Rubber 7% preferred-.lOO 3%% pref 100 27% 108% _ 4% 17% » Brown Shoe 27 114% Brummell Aircraft pref Forman Brown & Sharp 9 Belding Hem'way. * Belden Mfg com. .10 Class A Distillery 40c" 26% 1 .'8 22 6% pf.100 Brown Fence & Wire Brown 4% Ties Inc 1% 10 common 1% 114 * 54 Equipt Corp.-l Arrow 5. 119 20c .25 20% Ordinary bearer £1 Warrants 30% x-w 39% 5% preferred...30 Aro 5% 5% 48% $6 conv pr pref..* 7% preferred-.100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 * 14% 12 30 Warrants Beecn 10 109% 18% Registered Truck com.: 29% Bearings Co (Am).* 1st preferred..100 2d preferred.-100 Beau * Brockway Motor 25 Beech-Nut Pack.-20 12 Am Furniture 3 32% % 4% 108 pref.. 100 Armour & Co (111)— guar 80 - 7 2% 31% % 4% 8% Archer-Dan-Midl'd * Arcturus Rad Tube 1 Amer Felt common * Preferred 100 Amer Forging and Preferred 3% 6 51% Coupon 175* 30 Cream. .25 Pref 47 .5 Amer dep rets. 10s 100 t c common. Beatrice 25 British Celanese Ltd 25 $5 preferred w w_* 6 13 10% 2% 10 Common 55 American Encaustic Tiling Co. 1 Amer Export Airlines Common 50c Amer Export Lines 1 Am Fabrics, pref 100 85* 4 AP W Paper 7% 3% 100 Optical com 10 5% preferred.-100 Bayway Term l Bayuk Cigars * 7% 1st pref... 100 Mfg Armour & Co of Del 115 Commercial com 76 7% Argo Oil 100 v 80 22 7 Beaton & Cadwell 2 . 74 100 Apex Elec Mfg Applied Arts Appollo Steel • . 1% 25 108% 133% 5% preferred.. 100 Alcohol 1 43% American Cigarette Amer Corp 28 Anheuser Busch_-20 Animal Trap.... Am Chain & Cable.* Cigar Co.-.100 1% 30 1% 2 % Amer Coal (N J)..25 Amer Colortype..]0 113 112 Angostura-W upper- % * 20% 20% 25 Brit-Amer Tob reg£l Bausch & Lomb Hocking Corp $6% conv pref..* Andian Nat Corp..1 6 pref. 100 Pref 36 common. Anchor 12% * Class A Brit-Amer Oil Ltd 2% 12% 4% 1% Baumann(Lud)com* Preferred 175 100 Preferred 27 31 Brinks, Inc 14 * Class B American shares Anaconda Wire & Sugar _ 2% * Class B Brown Co Bathupst Power & Paper A * Writing Pap.* Amsterdam Trading 114% 100 & Wringer 19% 39 Briggs & 8tratton._* Brill Corp class A..* 17% 15* 115* Body. Bath Iron Wks 7% preferred.. 100 42 Preferred Chicle Batavia Amer 133 Amer Centrifugal.. 1 conv ;_* 24% Amer Carmel 6 3 10 25* Bastian-Blessing __* 100 Am Woolen Co mann 20 1 Basic Dolomite 1 Properties * .* 7% preferred.. 100 5% 100 Common 170 Am Car & Fdy Amer Bartgis Bros com. 6% conv pref..25 Amer Wind Glass— 114% 25 50c 5 Barnsdall Oil Am Vitrified Prod- 131 pf_100 7% preferred. .100 American Canadian 40c Barnard Aviation.. 1 25* 44% * Bristol-Myers 28 Barnsdall Refining. 1 Type Found. .10 7% preferred. .100 l$y* 37 Bristol Brass 27% 2% 9% 1 % 12% Barlow & Seelig cl A5 Am Amer % 7% 7 __* Bros 6 6% 12% 8% 7% preferred. .100 Brillo Mfg * 1 com 5%% pref 50 Barkley Grow Aircrl Transformer. 10 Cable 6 38% conv Steel Barker Glass Common American Can 1% 2% 45 44% 55* 6% American Book..100 Amer Bosch Corp.-l 5%% ilH 103 100 Am Beverage Corp. 1 7% preferred 10% 16 Am Preferred 51 10% 465* 175* % Stainless Barium 6% preferred ..100 Preferred 49 10 Am Bank Note 16 j 18 Warrants ,5* Bardstown Distill__l 25 Class A 56" % 14! * 10 Barber (W H) Co__l 17% 21% Bridgeport Brass. _* Bridgep't Hydr'lic20 Bridgeport Mach..* Preferred 100 Briggs Mfg Service clA 50 B 22 Barber Asphalt Preferred 40% 110 54 pref 100 A 24% 6% 6% Bankers Industrial Am Thread 5% pref5 Am Tobacco coni_25 46 ffl* 60 24% 6% 6% 1 -.100 Preferred % 7H preferred * Boyd-Welsh Inc...* Boyertown Burial Casket com * Brach (E J) & Sons * Brager Eisenberg_-1 Breeze Corp 1 Brewing Co of Am.3 Brewster Aeronaut'! 1 Bancroft (J) & Sons* Preferred Am 57 Warrants Baldwin Rubber Amer Thermos A__* Common Wks..* 13 com 7% pref old—-100 7% pref new—.30 . 1065* 2% 15% 2% 535* 20% 45% 37% American Arch Am Bakeries 1155* 17% 9% 106 6% preferred. .100 1 Amal Leather "3" 7 % preferred. 100 Am Sumatra Tob._* Amer Television.-vl 100 6% preferred.. 100 22% 2% 145* Amer Sugar Ref_100 19 Aluminum Co com. * 8 Stove. 51 50 97 * * 1st preferred.-100 6 70 21 Bilt Hotels— 2d 95 for 31% 12% 105 100 Baldw Loco 34 98 6% preferred-_100 Baldwin Duckw'th.* c * pref..* B'r'g..5 Bow-Bllt Bondhold¬ ers class A 65 Bowm 8 V t cum Roll 11% 100 - .22 5% 95 * preierred * American Stores 9 Bower % Preferred 6% non-cum pflOO Amer Steamship. lOO 36* 355* * Balaban & Katz..25 47% 146% Snuff..25 American 4% 20% 7% Common Baldwin Co. 31! Woven Hose Rubber com..* & $2.75 Chemical 33 Scrymser.-25 Boston Deferred Baker 1% 55* 9% Amer Allis-Ch aimers Mfg Alloy Cast Steel—.* Co....20 Alpha Portl Cem. Altorfer Bros com... Conv pref * — Borne Bourjois, Inc 3% 19% Colliers Corp American 8% Allied Stores Corp. * Aloe (A S) 107 Backstay Welt Baird Telev pref 13% * 100 Preferred ' Ayrshire Pakota 4%% conv pf 100 Am Safety Razor Common 5% preferred--100 20 3% 1 Babcock & Wilcox.* 1735* 171 % 25 10 19 Am Republics com 10 Amer Rolling Mill 25 225* 23% 15 Borden Co Borg-Warner Corp .5 50 7* % 6% 23 Stores com__l Bond 44 * * B Common 1% , 10 2% 2 23 Bon Ami com A 3% 50% Class B pref 100 cum i» Bohn Alum & Br. .5 Transpor¬ 1 Axton-Fish Tob A 10 50 23% 6 6% tation Corp Stand Sanitary ..* 10 7% Allied Mills Inc— Corp * a* 18 Aviation & 7 Parti c pref J§* 78 75 17 20 37 Capital..1 Aviation W* 1st preferred-.lOO Bohack Realty pflOO ' 1% Aviation Corp. _.__3 1 6% conv pf 25 5% conv pf 25 Bloomingdale Bros.* Blumenthal (Sid)..* 7% preferred __100 Boeing Airplane 5 Bohack (H C) com.* 6 5% Warrants. Amer Products.. 14 Steel Corp Amerada 15 * Am Potash & Chem * Allegheny Ludlum Aluminum 17 Amer Pneu Serv 8% pref 100 Algoma Steel com.* Preferred 100 Common 20 5 Avery (B F) & Sons 5 6% pref w W-..25 Pref ex-warr.25 * .5 Class B 5% 22 $1.50 conv pref 25 Class A com 25 Amer Piano class A* 32 Inst common conv Optical Amer 2% 2% "ill % % ^.3 Common Automobile Banking American News Co * 100 Common ♦ 6% conv pref..100 American Meter * 4% * 6% Automatic Washer— 5 4% Alexander Dept Stsl CI A 5% 5 3% Refrig.10 Automatic (E W) Co- Common 2% IK 5 Automatic Prod * com. 100 Co 5% pref Am Mfg Alberta-Pacific Grain class A 1'referred ment common Am Mach & Met..* Bid Par Per Bliss Automatic Instru¬ Fdy.* Amer Mach & 1% 50% Stocks share Per Am Maize Prod Air-Way Electric Appliance * Alaska Pac Salmon* Albany Packing. 100 Preferred 100 Alberme Stone of Va Vot trust ctfs 5 Ask Bid Par share Per Airplane Mfg & Sup 1 Alexander day of the month preceding the date Of issue Stocks Ask Bid Par STOCKS MISCELLANEOUS & Quotation* for all securities are as near aa possible for the closing fNewstock. zEx-dividend. u8 gK 13 15 9% 6% 21% % 22% % 1 1 & * * 100 50 7 2 1 11% 12 70 71 1 2 20c 15c 4% 3% 14 . 30c 25c 5% 4 14% % % 24% 51% & 50 12% 2% 58 5% 14% 5% 104% Feb., 1940] INDUSTRIAL Quotations for all securities Stocks Par Ask Bid are as near as Stocks & MISCELLANEOUS STOCKS posslble^ljirthe closing iay of the month preceding the date Bid Par Canada Cement. 100 Preferred 100 Can Dry Ging Ale.5 79* 96 189* Canada Forgings— Class A * * 20 104 Class B 199* 22 104 9* 56 43 9* 199* 1 6% Canadian Dredge & Dock 33 9* 127 69* 25 101 Foreign Invest Corp. • r 12 _ 6 769* 61 1 Carman & Co A 23 69* 389* * Class B.....__.* Co * 1st preferred-.100 Carpel Corp Carpenter Steel Carrier Corp * 6 1 Carter (J W) Co... 1 Carthage Mills * Preferred A 100 & Preferred B 105 28 23 9* 139* 79* 11 Products * 100 7% preferred-.100 * Coca-Cola Intern * Cockshutt Plow * k Cohen * 10 79* 249* 13 9* 119* 32" 229* 9* 229* 19* Central Cold Storage Common 20 Cent Foundry com. 1 6% preferred--100 Cent Ir & Steel..100 Cent Ohio St Prod-1 2 20 * 9 30 Ordinary shares. 6% pref Col Fuel & Iron Warrants 789* Columbia 29* 209* conv 69* 69* 229* 879* pref..* v t c * Columbus Auto— Parts com.... • 29* 4 12 13 Oonsol Aircraft $3 229* 1 * 62 Consol Biscuit 1 Consol Car Heat.100 45 Centrifugal Pipe 1 Century Elec 10 Century Rib Mills.* 7% preferred- .100 39* 39* Cons Certain-teed Prods. 1 6% prior pref. 100 69* 29 9* 69* 299* Cessna Aircraft 1 Chain Belt » 19* 19 199* 6 39* 49* Weatherstrip Paper Champion 23 100 Champion Shoe Mach 1st pref.100 Chapman Valve 1 Preferred Charls Corp 100 10 Checker Cab Mfg.6 Cherry-Bur Corp..5 Ohesebr'gh Mfg. .25 Chesapeake Paper Board common. Preferred. Chester Pure 40c 75c 349* 369* 120 69* 189* 12 111 Chicago Flex Shaft 6 Chic June Rys & Un Stk Yds com..100 100 Chic&go Mailorder 5 Chic Molded Prods 1 Chicago Nipple Chic Pneu Tool * $3 conv pref $2.50 prior pref..* Chic Ry Equip 25 Chic Rivet & Mach 4 "~a~ 6 59* 149* 1059* 129* 72 9* 73 9* 210 9* 89* 1029* 99* 79* 89* 5/ BA 69* Clnecolor 1 39* 9* 5% pref v t C..100 Consumers Co of 111 14 A partic._50 B partic * partic pref 60 Container Corp. -.20 Continental Baking c 1 c 8% preferred-.100 Continental Can. .20 20c 39* 9* 95 169* 179* $4 preferred * Cooper Bessemer. _* $3 prior pref ♦ Oopperweld Steel..5 79* 110 9 119* 5 229* 4 81 29* 8% 79* 29* 4 6 6 13 2 109* 58 Preferred Corn Prod 100 Refg__25 7 % preferred- .100 lOorroon & Rey'ds.* $6 conv A pref..» 19* jCosden Petroleum. 1 ; 5% conv pref. .50 k Last sale, n Nominal, r 19* 109* 49* 3 159* 49* Common Class _ B * 1 179* 70 16 ] Educational ' 169* 49* Harvester. 1 9* 12 9 100 1 Sterilizer 609* 639* 114 1 lectric 19* 19* 50 1.00 35c Household!} 19 1 26 1 19* ] 11 17 18 1 Glectromaster 19* 13 18 19* 139* 19* 19* 199* 219* 23 2d preferred—100 Dewey&Almy Chem 28 —* 112 100 11 6 5 79 83 34 429* 34 9* 439* * 259* 27 6 9* % pf (w w) 100 2 108 J* 6% part pref.-.25 Prod..2 9* 59* Differential Wheel. 1 89* Voting trust ctfs.. 79* Warrants preferred.. Class Drug. B Preferred 1 Empire Sheet & Tinplate Emsco 19* 99* 73 19* 12 Canadian price, Di Noc com 100 Mfg .1 Discount Corp ..100 Distillers Co Ltd.£l 89* 349* 9 x 5 29* 139* 29* 19 199* 82 Ex-dividend. 169* 169* 27 39* 80 59* 10 1099* 9* 49* 24 49* 89* ics Corp.5 Corp—3 1 2 229* 9* 43 1 149* i09* 2 18 118 5% preferred..100 1 19* 89* 79* 155 19* 39* 44 9* 120 145 25 37' Endicott-Johnson_50 Preferred Seagrams Ltd * 5% pref w W..100 4 38 Distillers Oorp- t New stock, 21 » Derrick 1 92 / 2\, 59* 72 * Emerson Elec Mfg.4 ~6~~ 79* 19* 2 Preferred 509* 64 * 1st preferred.. 100 preferred.. 100 1 Ely Walker D G. 1st preferred.. 2d Dictaphone Corp..* 175 22 5% cum pref...50 5% prior pref. 100 1 Emerson 169* 519* 1 11 15 1 GlkHorn Coal 29 13 1 Inc.l ] Elgin N Watch J Gljer Co com 106 * 16 173 1 2d Diamond T Motor 113 19* 289* 1 109* 21 com 15 Util Corp Common 1 Glectrolux Corp 219* Common A o 359* ] * B 58 1 lec & Musical Indus Am shs 1 . 51 9* 19* lectric Auto-Lite. 5 lectric Boat 3 16 19* Preferred 169* 50 1 82 Diamond Shoe 102 9* 63 9* 50 Pict..!1 1 13 Detroit Paper Prod 1 Detroit Steel Prod.» Devoe & Raynolds— Class A (non-vot) * 17 159* 5% preferred 10 9* 25c 20 39* 4 32 159* 9 40 com—1 Dictograph 29* 39* 319* 65 99* Detroit Mich Stove 1 Dexter Co 172 r ] Class A 60 109 ♦ 1 lectricai Steam 90c __ 160 • ] 85 ♦ 6% pref w w Preferred 99* 289* 1 1 6% preferred. .100 lasy Washing Mach 10 30 0%. , 40 209* 269* 24 _ 14 9* 19* value, Conv 5% pref..50 Cornell-Dubilier Elec Corp com. 1 Corning Glass Wk 10 28 1079* Converse Rubber..» 8 * Preferred Dexdale Hosiery Preferred 60 Cook P't & Vnrn__» 1099* 89* 119* Corp 10 Dejay Stores 1 De Long Hook and Eye 100 Del Rayon A com. 15 De Mets Inc pref..* Dennison Mfg— Class A 10 6% preferred 8% preferred.. 100 Dentists' (The) Supply com....10 6% preferred Derby O <fe Ref com * 69* 5c 89* 1 Gilbert 2% 16 27 9* 9* Footwear .1 : ] 20 Common 49* 49* 15 5% prior pref..20 Warrants. 35 26 Foundry 50c 2 Diamond Alkali..20 Diamond Match * 1169* 23 9* 6* 79* 13 pref_20 : 319* 30 * com conv 28 9* 9* 79* 19* 100 1 Preferred 19 309* 7% preferred...20 Detroit 10 99* Preferred $1.50 1109* 19* 100 Common Detroit Gray Iron & 43 il* astman Kodak 18 1 Det Gasket & Mfg_l 139* 19* 4 79* 9* ..35 Records 9* 49* 139* 19* 94 9* 429* 115 9* 69* Preferred Oont Steel Corp Preferred 13 9* Decca 169* Oont Screw com-.10 74 Dayton Rubber Mfg Common 1 Detachable Bit 169* 139* 89* Chemical. 1 19* 9* 4 50 * 100 Davison Detroit Aircraft c * 19* 59* 17 34 49* * 5 10c 13 39* 809* Cin Un Stk Yds 19* Consolidated Steel Consolidated Textile Consolidation Coal— Common v t C..25 Warrants * Dec 96 479* 20 9* 5 Churngold Corp * Cinci Advtg Prod. _* Cinci Ball Crank..5 Cin Tob W'house.25 3 8% preferred.. 100 k Oonsol Royal Oil. 10 339* * Chrysler Corp 43 79* A 20 29* ♦ Oil ason astern Deisel-Wemmer 7 Y% 10 1 89* 59* Class B 19 389* 23 21 Preferred 11 . 4" 40 Class 18 15 Deere & Co Cons Paper of Can.* Consol Retail Sts.-l Oont Diam'd Fibre.5 Continental Mot__l Cont'l Oil (Del).-.6 Cont'l Oil (Mex)-.l Cont'l Roll & Steel * ' 10 par 25 8 Consolidated Oil,..* $4.50 preferred. 100 Inc 69* * com Deep Rock Oil & Ref 7 % preferred -100 2 159* 49* 169* 119* 49* 169* Decker(A)& Oohn 10 85 1069* 10 * Darling Stores Corp $2 partic pref...* Davega Sts Corp. .6 5% conv pref. .25 Davenport Hosiery 39* 89 preferred. 100 V t V t 14" 819* Lithograph..* Cons 12 Conv preferred..* Chic Yellow Cab..* Chickasha Cot O.10 com Indus.. 1 70 Chic & So Airlines. Chic Towel com Preferred Chilton Co 7% 64 50 79* cum V t 5 Without 114 Silk Hosiery 6% pref 10 * ~7~" 199* 129* 3 Chic Daily News..* Preferred * Chic Elec Mfg A. Childs Co 239* 1059* 103 50 Preferred Film 10 Class A 80 part pf..» Cons Laundries ...5 29* & common. 6% pref $2 Darby Petroleum..5 Darco Corp 8 % pf 100 Dardelet Thr'dlock * Hammer 10 1239* 32 100 1 ] 189* 49* 9 269* 869* Cons Mach Tool uts. com Chamberlin Metal Fibre Cons 60 189* 49* pref.. 100 pref * cum cum Warrants 59* 239* 29* Cigar Corp..* 69*% prior pf.100 7% preferred. 100 4 93 9* pref 55 $8 52 7 conv 1 • 180 * com ] Mills 50 59* 229* 89* 269* 379* 219* .5 lnval Tfixas Snlnh 90 14 179* 69* 59* 99 39* 24 179* Oongoleum-Nalrn. * Congress Cigar * 1 -7" 229* 899* 199* 139* $2 50 conv pref-.* Conde Nast Pub..* 10 » Shoe 3 99 4 42 B 6% pref >uro-Test Corp 83 29* 23 $2 preferred * Combustion Eng__l Oomm'l Solvents- _* Oompo Mills 19* "39* 69* Jan 25 39* 1799* 1229* & 6% pref 25 7% pref. 100 ►urham Hosiery— 189* 269* 299* Cutler Oolum Carbon 119* k 69* 129* 118 pref..* cum Plastics Chem com 449* 109* 299* 7% 29* * Vot tr ctfs com..* $2.75 __5 $7 preferred 42 Common 59* 45" 5 24 Columbia Pictures- Cen Violetta Sug Preferred 24 239* 239* Columbia Mills.. 100 Columbia O & G 1 111 109* $4.50 Davis Coal & Coke 50 1149* 64 Curtis Mfg Curtis Publish Ourtiss Wright Corpl Class A 1 Oushman's Sons— B'casting Sys Inc class A 2 9* ...29* Mach vtcext.-.l 38 8 22 9* 189* 269* 1119* Stores com....2 9* Ouneo Press 5 7 38 109 * cum >urez Cunningham Drug 159* Class B 39* 119* 2 J* 35 12 100 109* 19* 59* 6 Co common..20 149* 659* 80 10 9 39* 63 • 369* se preferred * Internat'l.l Miplan Silk 25 139* 19* . pref.. 100 >uPont (E I) de N 20 % 30 10 r >unhill 8% Preferred 49* 189* 59* 20 Tobacco 100 ♦ 16 27 108 Laboratories cl A1 (R G) Bradstreet Corp¬ 81 5% Preferred .100 idahy Pack 50 19* 59* 16 • Colson Corp * Colt's Patent Fire Arms Mfg 26 6 Paper. conv 19* 49* 179* _ Ou ban 65 Steam Valve. .5 )un 79* 69* 89* 29* 11 20 common 29* '159* % Dryden Paper ""% 80 * 100 Dubilier Condenser 1 >u Mont (Allen) 9* 69* Sug. 7% preferre ci- Colonial Beacon Oil * Colon Development Wire ~ri 9 9* 69* * i-Am Collyer Insulated 51 27 Cuba Co.. 19* x Mfg com..* resser 82 % Drug Preferred 909* 369* 6 * * 5 % preferred- .100 Dow 7 Tissue. 9* 29* 1489* 1149* * _ com Preferred 80 Crystal 9 809* Driver Harris Co. 10 359* pref conv 140 1 11 79* 289* 289* 409* 419* 43 399* 19* Jan. 25 16 111 100 Columbia Baking-_* Preferred • Columbia Brewing .5 250 Central American Plantations ...100 pref. .100 Dow Chem 20 $5 5 Stores. _* Conv prior pref. 159* 889* 119* 25 Common. 29* 18 1049* 349* 34 conv 5% il'4 67 9* 112 9* k 18 106 1039* Collins Co 11 369* 105 9* * _ Collins-Morris si" Crown C'k & Crucible Steel... 1( 6% preferredlOO Collins & Aikman. 29* 10 179* B Doubleday Doran.* Douglas Aircraft. _* Douglas (W L) Shoe 15 2 Dec." 11 349* * common Coal Central 63 9* 5 • 24 9* 39 109* 62 59* 859* 309* * 79* Pref called 19* Celotex Co com—» Airport—* . * Peet 65 59* 179* 29* 509* 269* 114 1099* Associates ~ 120 Colgate-Palmollve- 69* 79 CasePomeroy 5 Castle (AM) Co..10 Oatalin Corp. 1 Caterpillar Tract. .* Oelanese Corp • 7% prior pref-100 1st partic pref. 100 100 16 * * (Dan) Co Coleman Lamp & Stove common 24 669* 110 Crown 151 Dominion Steel & 27 19* 99* 900 12 Dominican Coal pf 25 Dominion Glass. 100 Preferred100 Dominion 249* 140 1199* 629* 141 Dominion 7 110 31 * Case Lockwood & Co.. 100 1 329* 209* 59* 9* 5*6 69* 259* .369* 219* 69*% pref 100 Bdge.100 15'" 59* .. lishing Co 349* 72 Coca-Cola Co Class A 52 9* Nov 28 40 Case (J I) Co 68 15 13 93 Carey (Philip) * 6% preferred..100 6% preferred..100 Oarib Syndicate.25c Central Crocker-Wheeler 5 * Dold (Jacob) Pkg— 10 1399* 33 29 Doehler Die Cast..* 39* 130 * * 97 Carborundum Co.." * * of Los Angeles. of New York 35 49* 259* 39* 119* 189* Dodge Cork Dodge Mfg.. 529* 319* 209* 39 1349* 190 190 Carbon Monoxide Eliminator 3 9* 23 1029* of Am- pref. Warrants Croft Brewing 389* of St Louis 2 186 187 Preferred 134 Can Locomotive• r 11% Capital City Prod.* 8% Central 379* 29* 19* Peabody—* 7% preferred. .100 Coca-Cola Bottling 29* Class B 1st preferred $7 preferred Central Aguirre $3.50 48 * Dobeckmun Co coml 9* ** 229* 1019* 1 59* 37 29* Class A . * ,9 Dixon (J) Cruc_.100 Ship. Creameries of Cincinnati 2% CI B non-voting.* Canadian Industries 6 % cum pref. Celluloid Corp 5 389* 5 Utensil com-——* 79* Jan. 9 5 119* Dr Pepper Co 9 » Cluett 109* Can Indus Alcohol— CI A voting * Brainard 49* Clinchfield Coal. 100 Preferred 100 26 Canadian Oasco k Covered Wagon Co 19* 79* * Dixie-Vortex Co Class A 9* 37% 4 Climax Molyb¬ denum Co 19* Divco-Twin Truck-1 Dixie Home Stores. 1 Dixie Ice Cream.. 9* Hobblng com... Distillers Liquors..5 5 1 Courtaulds Ltd— Am dep rets ord£] Club Aluminum ♦ Can Fairbank pf.100 Carnation Mach Cleve Tractor 4 106 9* 1 com Cleveland 13 9* 219* * _ Bronze ..... Per share 39* 36 39* 104 Clayton & Lambert * Cleveland Graphite 43 Preferred Bid Par 49* Cosmocolor Corp. 7 . Stocks Per share 169* Jan. 11 289* 299* Equip Co—* 100 Claude Neon Lt—1 1069* 139* 19% 33% 126 Airways 6 3 | Ask Bid Par 13 9* 98 97 1 k Jlark Controller Clark 79* 189* Preferred 100 Canadian Cm & Fy * Preferred 26 Canad Celanese—* Preferred 100 Canadian Colonial -] Stocks 59* 59* 139* City Auto Stamp. _* City Ice & Fuel * 69*% cum pf._100 City «fe Sub Homes 10 Hity Stores 5 7 9* 18 Can Wire & Cab A_* Class B .♦ Canadian Bronze. .* 7% 989* 20 Canada Packers * Canada SS Lines. _* Preferred 100 Ask Per share Per share 87 of Issue 89* 359* 1019* 120 9* 19* 19* INDUSTRIAL 88 Ask Bid Par Stocks poatjMg for the closing day of the month preceding the date of issue Bid Par Stocks 3% Chicago * 35% % 4% 38% 10% 7% preferred.-100 Fairbanks Co 25 8% preferred- 100 Fairbanks Morse--* Fairchild Aviation. 1 Falrchlld Eng & Alrl $6 conv pref * Fajardo Sugar 20 Falstaff Brewery--1 Famlse Corp 50c Class A 2 169 25 % 10% 5% 7% % % 1% 1% - - - 7 9% 25 35% 9% 1% 4% 2% 22% 22 17 17% 89 9% n 27 10% 18 % 145 23% A-100 Fishman (M H)—* Preferred 8 a Ist 13% 110% Fia Portld Cem u t s Florence Stove * 33% Florsheim Shoe com* 23% 3% 19% 105% 44% 8% 14% 110% 11% 19% 68% 33% 24% 4 2 4% 4% 2% 18% i 7 9 27 35 3 100 Food Devices 20c Food Machinery.-10 pref.100 1% 32% 1% 33 107 -100 10 3% 5% 11 3% Am dep rets ord— Ford Mot of Can— Class A * Class B * * * Four Wheel Drive.10 Fox Film class A * Fox (Peter) Brew..5 F-R Publishing * Sugar--.* 1% V 17% 18% 71 73 3 10% 4% 11 4% 15 13 14" 12 15 % 33% Freeport Sulphur.10 French Investing-_* 32% % 1% 34% 21% 33% % Preferred 100 Froedtert Grain & 1 Partic conv pref 15 Fruehauf Trailer—1 Fuhrman & Schmidt Brewing com 1 Fuller Brush com__5 Preferred 100 18 4 10% 18% 30 40c 5 10% 18% 30% 50c 9 Fuller (G A) Co— 19 1 17 $3 convertible * 4% conv pref. 100 Fuller Mfg com 1 25% 27 39 4 Gabriel Co cl A * Gair (Robert) com.l $3 Preferred 10 3% 13% 42% 4% 2% 3% 14% 2 Gallaher Drug100 Cement Preferred Gibson Art. * Gilchrist Co * ' Gillette Saf Razor.* $5 conv pref Gilmer (L H) 28 42 Bros 4% 6% 48% 5% 7% 54% 26% 5% $6 preferred * Harvester.* Gleaner 43 7 * * 4 % % conv pref 50 6 75 2% * * 8% 10 * 99% 2% 102 23 $5 preferred 11 12 * * 17 37% 4% 17% 63% 64 Rubber com * $5 conv pref * Goodyear T & R of Canada * Preferred-. 50 86 1 6% conv pref..25 Garlock Packing __ 3 Gaylord Container. 5 5% conv pref. _50 Gen Accept'ce Corp 5 Conv preferred _20 Gen Alloys Co * Preferred 10 General Amer Oil of Texas common 6 Preferred 10 103 16% 62% 106 16% 49 10% 52" 4% 11% 4% 12% 46 50 12% 15 21% 1% 3% 1% 1% 6% 3% 1% 112% 2% 17% 2% 18 9% 6% 10% 9% 8% 8% 5 8% 18* 25 108 163 * 9% 1 % 10% 88 55^ 89^ 6% preferred.. 100 Hershey Creamery. * Preferred 100 Hershey Chocolate. * 132 133% 50 14 _ $4 conv pref Hewitt Rubber 19 100 Hevden < 'hemical. 10 105 61% 114 11% 72 7% 8% 39% 12 13 36 Hinde & Dauch 12% 13 3% 1 "6% $1% 3% 1% % 7% conv * % 13% 32% 23% 3% Granite City Steel.* Grant (W T) com_10 5% preferred 20 Graton & Knight. Tea 112% 136% 7% preferred.-.21 * 5 55% 12 7 1% 6 32 13% 12% Without par value, f Name changed to Hayes Mfg. t Nominal, r Canadian price. (New stock, x Ex-dividend. Int Vitamin Interstate Corp.. 1 Eng 2% 7% 1% 28% * 9 27 ■i* 8% 2 30 9% 81% .100 35 101% Mills - 7% 93 Ironer w 13 16 * 10 Irving Air Chute 1 Irving (John) Shoe.l Preferred 16% % w__25 * Jewel 8% 17 5 1 8 7 Jackson (Byron) see "B" Jacobs (F L) Co.-.1 2% Jarvis (W B) Co—.1 15% Jeannette Glass 8% 11% 8% 16% 3% * com 1 % 19 2% "SB 20 Johansen Bros—• Horn Hard't(NY).* 93 Jersey 95 92 1% 4% 34% 110% 15% % % . _ Yot tr ctfs com 25 Vot tr ctfs 6 % pf25 - .. 2nd preferred (Harvey).5 Hubbeli Hudson Mot Car..* Humble Oil & Ref__* Hummel-Ross 4% 5% 17 2% 8% Common 5 6% preferred...20 Hupp Motor-1 Called Feb. 10 at $35 plus div. a 5% 17% 3% 11 48 6 _ 13% 5% 60% Shoe common 5 I 1% 11% % _ 14% 5% 61% 5% _ 1 2 * 7% preferred--100 93"" . 71% 124% 3% & Shinkle Shoe.... 71% 126 4% 15 Johnson Tin Foil & Metal 100 70 Naumb'g2% 2% *2% 27% 29% 56 58 46% 14% 47% 16% Jonas & 7% preferred-.100 Joslyn Mfg & Supp. Joy Mfg Julian & Kokenge.. Kahn's (E) Sons.. 1st pref.... 100 28 13% 101 Kalamazoo Stove & Furnace com 10 Kanawha & Hocking 13 % 14 103 14% Coal & Coke pf__4 Kane Carburetor..* 4 KCStk Yds Me_ 100 47 50 89 91 Preferred Fibre Hunter Steel com..* 5% 21 19 13 90% Jones & Laughlin Steel common. 100 Field Material com. 1 $1.50 conv pref_20 Houston Oil (Tex)— 4% 8% 22% Johnson-Stevens 17 Houston 33% 20 » Johnson Oil Ref 28 Oil 4% 7% Cereal Tea Johns-Man ville 6 35% 111 75 2% 1 10 Jenkins Bros..__.25 12 23 llH rA 34% 34% 25% 98 % Bakeries* 15 1st preferred.. 100 2 * 34% 2% 27 21 2% %6 Silver 50 7 % preferred. .100 Int Text Book * 13 26 25 12% 53% 81 75 34 Internat 32% Howe Scale com...* Warrants 4._ 1% 100 Int Safety Razor B. * Internat Salt * Hormel & Co com..* Horn (A C) com 1 Prior preferred..5 12 3% 5% 17 Preferred 70 % 17% Jefferson Electric..* Jefferson Lake Oil% Houdry Process.. 10 6 _ * Intertype Corp 3% 43% 2050 12 53, 2% * 89 Howard Aircraft- % 5% Prod Internat Pulp Preferred Internat Chemical com.100 Preferred 100 Horder's Inc com * 32% 16% 1850 9 Petroleum 8 31% 16% 11% 1 1% 23% 9% 12% Jan. 24 35% 35% 135 132% pref.-100 110 18 * 100 55 34% 12% 2% 1% Equipment 1 Interstate Hosiery- * Griesedieck 1% 53% 169 22% Power com.. 15 7 % preferred * 8% 53% 163 Warrants 7 15 1 (Can)..* 7% cum pref..100 International Paper Internat 41 Ind * k conv 2 33 180% 22% 1 * Metal 101 7% ,50 Group No. 1 Oil Group No. 2 Oil Int Mercan Mar 5% 4% 10 Interstate Home- Class B 55 22 l 18% Class A 140 9% 1% 32% 179% 40% £1 28 Houdaille-Hershey— 27% 4% 82% 41% 110 Match Realization. Int Nickel 82% 41% 109% Iron Fireman vtc__* Greenf'ld T'p & Die* $6 preferred--100 $1.50 preferred. _* Gruen Indus International 3% 26% 115% 152 _• 7% preferred- -100 6 2% 26% 114 * Ironrite 39% 2% Int Harvester . 8% 21% 18 Western Brew 5%% pref 25 Publishing pref- 42" 37% Greyhound Corp..* 5%% preferred-10 . 7% 20% 5% % 5% 31% 12% Hotel Statler com.* Hotel Waldorf-Ast.l 137 Int'l Cellucotton. * Int Cigar Mach * Internat Educational 54 22 2% 40% 27% fnterlake Iron * Int. Agricultural..* 41 5% preferred.. 100 • 6% preferred--100 Intercont Rubber. _» 3 32% 10 Rayon. _* Ingersoll Rand • 6% preferred--100 V* % % Class B 1 Indus Accep Corp— Cum pref 100 Indus Brown Hoist— * _ _ 4% 2% 1 Holt (H) & Co A..* Hooker Electro 15 24 10% %■ Oil non-vot A Hobart Mfg A * Hoe (R) class A.. 10 Prior pref ..65 Holland Furnace.10 Holophane Co * Holly Sugar l 7% Preferred. 100 47 24 27 Indiana Steel Prod.l Indian Terr Ilium 22 97 Co A--* t 10 33 1% 14% 5% 5% $3 pref * Indiana Pipe Line 10 Indian Refining. .10 25% 17% pref. .100 Hollander(A)& Son 10 111% 135% 12 20 1 14% 21% 44 100 $1.80 prior pref--* Gray Mfg Co 10 11 Interstate Dept St's* 10 Common 14% 9% Motocycie..* Preferred 10 Indiana Gas & Chem Common 5 $5 preferred Chem preferred-_5 Hires (O E) Class B 22% Interstate Air & Spencer Common $5 69 67 10c 25 Great West Sugar. _* 7% preferred ..100 38% Hilton-Davis City Pig Non vot com 1st preferred.. 100 Great Lakes Dredge 6% Bart & Co com.25 HIckock Oil cl A 1 2 15% Grand Raps Vara.* Grand Union— Com div certifs * Ex-div certifs 10 2% 7% Common 1% 16% 26% 24% 21 Internat Shoe 25 100 57 23% * Pneum shares..* Registered shs...* Heywood-W akefield Preferred Am dep rets ord £1 Tool Coupon 22 59% 111% 10% 70% * Common. Brit & Irel'd class A * Cement- _ 12% Imperial Tobacco Internat 110 155 Hercules Motors.. Powder 12% 12% Internat com.3 Helena Rub'stein..* Class A (G W) 11% - 7% prior pref.100 29 10 Helme * of Canada com__5 - Int Business Mach.* Hecker Prod com..l Heileman Brewing Hein-Werner Motor 26 Hosiery com * 7% preferred--100 Watch Preferred 1 6 33 Groc Store Prod.25c 19 3% 7% class A pref.25 Green (H L) Co.-.l 9% 69 "6% 5 52% ' Great Nor Pap pref 27 86 Dock com * Great Lakes Pap pf. 80 Hazeltine Corp * Hearns Dept Stores Parts Corp * imperial Oil LtdRegistered shs imperial Tobacco Inland Steel » Interchemical Corp * 111 Hibbard Graham-Paige Mot 1 Grand Nat Films. .1 Gt Atl & Pac Hazel-Atlas Glass.25 Common 4% Jan. 25 6 12 11 % 1st pref Industrial 79 Preferred Silk common. 1% 6 9% 1 85 * PrsfeiTed Common $7 preferred * fHayes Body. V Hayes Indus 1 Hayes Mfg Haytian Corp __.__* 92 • A_ * $3 preferred Granite Iron % 4% Hatfield-Campbell Prior preferred. 12 Partic pref 100 Hawley Pulp & Pap 22% 92% 22% Gorham Mfg 10 Gorton-Pew Fish__* Gossard (H W) * Gotham 7 Hiawatha Oil & Gas Goodyear Tire & com 2% 1% 36% 3% * Great Lakes SS * 24% 1 50 3% 7% 96 Hercules Class B Preferred 1% 4% 7% 6 Hercules 2% Sugar— Good Humor Corp Goodrich (B F) 1 95 Royalties 8 70 * % 1% Hendrick Ranch 116 Co—1 130 %a 1% 1 n-v Hendey Mach Preferred Godchaux 5% 120 * 7% non-cumpflOO Globe-Democrat Gobel (Adolf) 7% 65 Hearst Consol Pub 5 6% 50% 6% 7% 56% 9% 7% 17% 9 5% 63 Diecasting Haskelite Mfg .5 Hat Corp class A__] Class B 4% 10 £1 k Independent 9% 8% 6% conv pref. .50 17% * * Great Lakes Term W'house (Ohio)-* 2% 11% 4%' 42 5 16 * *4% 39 GIddings & Lewis. _2 (AO) * Gilbert 14% A 21% 1% 10% 27% 25% 5% * 14 Gar Wood Indust 27% 12% 15% 3% 3% 50 26% 6 % % pref w w 100 15% 100 21% 50 com 13% * i 30 105 Houston* * Gardner-Denver.--* $3 conv pref 20 Garfinckel (J) & Co n 6% cum pref A100 Genessee Brew A__] Class B com 1 Co $6 conv pref Gannett Co Inc— Class 95 & Preferred Common 6% preferred-.100 Gen Tire & Rub 6 Gorham Inc Preferred 10 Franklin Process Franklin Ry Sup..* conv 12% 15% 1 Franklin Co Coal— $6 26 Gen Time Instru—* 16% 91% 1% 19% 147 133 * ... 35 Indian 25% * com 10% 27% 2% 28"" 27 100 Indus rets of G- Harvard Brewing.. 1 Harvill Aircraft 5 * 5% Galveston Gamewell 2 * Equip. _* Goebel Brewing 4% Common Gen Theat Golconda Petrol 2% % common 28% 14% 1 17% i Foreign shs A Foundation Co Malt Shoe.. Goldblatt Bros Wheeler.-10 Francisco Refractories..* 16 1% Formica Insulation of Canada 91 17% 100 HarnischfegerCorplO Hart & Cooley 25 111 % 16% Steel Casting-* Preferred 15% 15% Ford Motor France Am dep rets Foremost Dairies. _* $7 conv pref Foundation Co * A stk-_* 103 1 6% preferred.. 100 Harrlsburg Steel 5 Harris Seybold Hartman Tob 27" 25 $5 preferred 9% 109 $6 preferred Gen Ry Signal * 6 % preferred- -100 5 Class A Ford Motor Ltd— Foster 85 pref.-100 Globe Wernicke * 5 * com 44 9 52 102 Chemical* Harbison-Walker 26% 2% 31 110 Imperial Chemical 25% 55 2 10 5 42 10 27c 6% pref....100 Hydraulic Press Mfg Common % 11 9 9% 53 100 com Ideal Cement Illinois Brick * * com Brick 30% 50 Harshaw 20 84 * 5 % % pref unstpdlOO 7 % pref stmpd 100 Hyde Park Brew. 10 Hydraulic Press 24 50 (James) Potter Publish 5 com-- Preferred 15 * Class A Preferred 17 96 100 7 6% conv pref. .25 Hygrade Fool Prod5 Hygrade Sylvan * 6%s conv pref * 7 12 50 7% Huylers Inc., com._l 4% 40% Hammond Instruml Refractories 10 % 50 29 Harlow Aircraft 130% 52% 124% 4% 42% Common Glen Alden Coal Glidden Co 55 & Gear * Gen Optical pref --* Gen Outdoor Adv't'g Gimbel 17 New pref w i Folmer Graflex 123 $5 preferred Preferred Preferred 52 Motors. .10 1IM 15% 104% ... $5 cum pref 93 2% 12 5 $6 preferred 1 OP Hammermill Pap. 10 Hanna (M A) 20 5 Mfg— 47% 103 91% 129% preferred .100 5% General Gen Flour Mills of Amer Fobs Oil * Follansbee Bros—* Preferred 100 Follansbee Steel- 100 * 5 Hanley Giant Portland— 11 18% 65% Flintkote Co com— Mills — 15% 16% 15% 118 18% Machinery-4% % preferredlOO Lamp com_ 5 FtPrint'g 10 Hall (W Preferred 47% 116 Gen General 38" 110 * $6 conv pref 19% 104% 44% Fisk Rubber Corp Mach . Gen 4% First Nat Stores—* „• 15% 15% 14% Am dep rets reg General Telecommuni¬ 1 Firestone Tire & Rub Common 10 cations com com 37% 100 Preferred Cl A pref part--10 Hamilton Watch. _* Ltd— Gen Fire Gen Rayon %> 1% 36% 2% 1% 10% 5% 17% 16% & Alabaster Ltd. • Hamilton 6 6% preferred—100 Finch Foote Burt Elec 117 General Print Ink- -1 50 _ 6% preferred--100 FitzSlmons &Connell 115% 5% 5% 7% preferred--100 £1 Exting___* Gen Fireproofing. * 7% preferred--100 Gen Foods Corp—* 21 Finance Co of Pa 100 Bros Haloid Co.. 4 L 4% 1% 21% 87 % 5th Ave Coach—25 Foote 10% 18% 10 8 Fidello Brewery—-1 conv Hall 18 General 34% F G Trading Corp— Preferred 1 Flat Am dep rets—. 4%s 50 10% Gen Development 20 General Electric—* 1 Preferred 48 2% 8 4% % preferred 100 Federated Publica's* Ferro Enamel 1 com w 7% preferred--100 Gen Candy A 5 13 21 Federated Dept Sts * New Hajoca Corp..----* Gen Crude Oil..2% 6% Fed Screw Works. _1 D & D 3% 9% 19% Class A 8 Federal Motor Tr__* ser 2% 9% 18% 24 1% 35% 25 Preferred Huttig Sash&Door 5 Preferred 18 1 Gypsum Lime 2 Federal Match units 6% pref Gulfboard Oil 1.30 12% 25 Fllene's(Wm) Sons 7% 144 2% Ask 48 Hussmann-Ligonier * 15% 2% 15 Engineering com 1 Sng__* 8% preferred--106 Guantanamo 1.20 $4.50 preferred- com §2* 79 Gulf Oil Corp 24 Machine Welder 142 Bid Per share Grumman Aircraft 52 75% 7% Par Per share 6% 24% 2H Stocks Ask Bid Par 6% 24 Compress & Wareh ouse General American Transportation. .5 GenAniline&FilmA * General Baking—5 58 1st pref * Gen Bottlers com.l General Box Corp.l General Bronze 5 General Cable * 23 Fanny F'mer Cand-* Fansteel Metallurg * Farnsworth Telev & Radio 1 Fashion Park com.* Preferred * Fedders Mfg 5 Federal Bake Shops* Preferred 30 Federal 39% Stocks Gen Cigar common * 5 Famous Players Can Corp com_.l Federal 4 Ask Per share Per share Fair (The) STOCKS MISCELLANEOUS & Quotations for all securities are as near as Katz Drug com Kaufman Dept Common 1% 100 1 St's 6% 6% 1 13% 13% 98% 5% conv pref.100 Called Feb. 23 at $110. "2% k Last sale, 93 e Ex-payment, INDUSTRIAL FEB., 1940] Stocks Par Kaynee Bid 10 Preferred Ut 22 7% preferred--100 24 Colorfilm 20 1 Kellogg Co * Kellogg Switch ft S _* 6% conv pref.100 Kelly Springfield % 21% 8 7% Class 1 24% 44% Long Bell Lum A--* 20 19 10% Kendall preferred—100 Longwest Corp * 3% 9% 49% 5% 17% 18% 4 Kerlyn Oil cl A 5 Key Co common--* Keyes Fibre com__* Class A * 7 1% 4% 3% 37 47 * 13% 13% 16 2-3 i 42 % 44 34% 35% Kimberly-Clark King Oil 112 Kinner Motors. 1 Kinney (G R) Inc.-l $5 prior pref » KIrby Lumber--100 Kir by Petrol 1 Kirkham Engine & Mfg Corp 1 Klein (D E) Co * _ * Knott Corp Kobacker Stores % 100 1 * 4% 12% 5% 13% 10 5h» 8% 33 34 7% 6% 6% 65 20 Co 89% 3% 47% 5iv> 25 25% 28% 12% 5% 28 . 5% 12 2% AM Mandel 29 28% Bros Inc.-* Mangel Stores $5 conv pref 125 6% 5% .1 35 "4" Lambert Co * 15% Lanatin 1 4% Clark 25 Landis Machine..25 J~% 80 Inc 7% preferred... Lane Wells Co * - 1 13% 5% 15 10% 15 7% 4% _. Lanova Corp 1 Lanston Monotype Machine Co:.. 100 La Salle Ext Univ.-5 Lautaro Nitrate A.l 32 17 rv»ment 100 15 * * Preferred .* Lebanon Steel & Ir.l Lee Rub & Tire -.5 Lefcourt RIty Corp 1 Conv pref * Leh Coal & Nav * Leh Portl Cement.25 4% conv pref.100 Lehigh Valle/ Coal * 6% cum conv pf 50 Lehigh & WilkesBar re Corp ♦ Lebn & Fink Prod.5 Leland Electric * Lemp (Wm J) Brewo Leonard Oil Devel 25 Lerner w Stores._ Lessings com LIg & Myers Tob.25 Common B .25 7% preferred.. 100 Lily Tulip Cup..-.* Lima Locom Wk» ♦ Lincoln Bldg v t c Lincoln Mtge 1 Lincoln Printing * $3.50 preferred--* Lincoln Service.. 100 preferred .50 Lindsay Lt&Ohem 10 Preferred Line Material Link-Belt Go Lionel Corp 10 5 1 Oil Co 27 29 13 13% 12% 3% %6 10% 3 We 26% * • Lion Oil * No Refg par sf 4h 3% 6% 41% 106% 107% 174% 4% 6% 42% 107% 108% IVA 3% 4 2% 25 value, % 25% 3% 4% 2% 26% 8 99% 36 McWilllams Dredge* Mead Corp com * $6 preferred ser\* $5.50 pf ser B w w * 7% 10% 60% 54% 153 Preferred 10 Melville Shoe new.l 10% 29% 119% Transpor tation * Merchants Refrig..* 9% 37% Preferred - 100 r 40% 2% 2% 42% 51% 168% 2% 8 10% 67 58 154 ^ Nat Tea Machinery..100 Conv preferred..* Motor Improvem't 1 Motor Products * Mot Wheel Corp..5 Mountain Prod 10 Moxie Co class A * New preferred * Mueller Brass Co._l Mullins Mfg Corp— 21 4% 5 4 7 8 3% 4% 3% 5 5 5% 60 68 27 27% 53% 51% 65% 10% _* 10 National Tool 1 Nat Transit 12.50 183 43% 1 «* * Nazareth Cement-10 100 Nebel (Oscar) pref.* Nehi Corp com * Neisner Bros 1 4 % % conv pfd 100 Nelson (Herman)__5 52 8% 39% 12% 41 3% 5% 1% 9% AM 9% 12 5 90 1% 65% 23% 84 5% Neptune Meter A..* 6 8% preferred-.100 83 Nestle-Le Mur cl A * 1 Newberry (J J) Co.* 5% preferred-.100 107% Bedford 40% Cord¬ 5 8 100 New Britain Mach. * New England Lime 114 age common Preferred "% units 45" New Idea * New Hav Cl com..* * com New Mexico ft Arizona Land Newport Indus New Process Co 33% 10% 6 12% / * -1 * 1% 11% 29 90 N Y Auction * 3% 26% N Y Air Brake ♦ 43 25 N Y Dock * 92 96 87 3 1% 16 5% 2% 11% 16% 5% 2 % 24% % 25% * Clas A II" 3% 5% 7% 13% 12% 92% 5% 30% com * 30% Class B com. $5 non-cum pf—* N Y Merchandise. 10 N Y Shipbuilding.-1 Founders shares. 1 7% pref N Y Transit Nicholson File 1900 Corp— 100 5 4 1 9 32 Niles-Bement-Pond * 63 10% 10% 16% N oblitt-Sparks 27% 4% 24% 3% VarnishlOO Preferred 100 * 5% preferred. .100 Preferred Co 4% 3 3% 35 68% 109 5% 69 110 5% 5 Noma Elec Corp 1 North Amer Avia._l North Amer Car.-20 North Amer Cement Common 1 1 Class A pref 1 4 Class B pref 1 No Am Refractories 6 9% 10 15% 8% 17 * 100 79% 81 North Central 21 22% 2% No Muskegon Motor Spec cl A * Mutual System 1 8% conv pref-.25 t New stock. 16 2 "C" units Murphy Muskogee 52 43" 3% 18% 30 conv 15% 45 22% 3% 42 1 $7 12 4 3 pref * Muns ngwear Inc..* Munson SS pref A_* Class B 14 2 common. Preferred 91 11 15% (Pa)-_l0 5%% pr pref--100 10-year $2 pref. 40 6% prior pref.100 New 140 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Canadian price, Nat Supply 30 44% 90 24 91 31 134 Murphy (G C) 30% 120% 5% 22 10 9 Nominal, 2% 1% Ward * Mortbon Corp A._l Motor Finance com. ^ * 7 % preferred. -100 108 10% 12% n Nat Sugar Refg Preferred 20% 14% Del__* $6 preferred 100 Nat Standard 10 Nat Steel Car Ltd.* Nat Steel Corp 25 AH 26% 1% 117% 121% 51% 169% 2% ft 2 10 Nat Union Radio 114 .ft Co Ltd com Radiator Natomas Co Navarro Oil 8 106 A 50 30 6% 25% ,.5% conv pf A.100 Morse Twist Drill 2% 38 7 Pressure 26 1 ' 6 101 96 i?H 8% 97% 8 65 com 20% 17% 15% 3% 3% 18% 8% 100 prefer ed.100 Lock Washer.20 Nat Shirt Sh 10% 111 121 ('(ass 105 11 146 Cooker 11% 8% McQuay NorrisMfg* 5% preferred Mengel Co I 5% conv 1st pf.50 Mercantile Proper_5 30c 11 * $4.50 pf ser A 51" Merchants & Miners kLast sale, pref.100 20c pref.. 10 Monroe Chemical-_* Preferred * Monsanto Chem__10 "5% Montgomery 15 19% 172 National Supply— Cum pref ser B__* 109% 23% 7% 12% 10% 94 100 5% preferred 4% 53 18 . 4% 4% Morrell(John) & Co* Morris (Philip) $3 conv pref * McLellan Sts com.l conv 3% 27 10% 3% 6% 1 5 common part pref._ 28% * Moore Corp com..* r 44% Preferred A 100 r 180 Preferred B...100 r, 265 Moore (Tom) Dist.l *AA Moore Drop For A-* 60 10 McKesson-Robb'ns 5 Mercantile Stores..* lYeferred 100 46 9% 12% Pub.* Plate com 8% 20% Moody's Invest Serv Mead Johnson com * 175 20 19% 4% 9% 9% 36% McGraw-Hill Valley 19 104% 23% 7% * Nat Refining com..* Nat Rub Mach * 3 Midwest 9 14 11% 100 Nat Licorice Monolith Portland 13% 6% 6% 24 1 Gas Nat 10 45 McKeesport Tin Electric. _1 5% 23% 12% 6% pref B 4 1 29% 5% 2% 14% Class B Nat Fuel Natl Gypsum com.l $4.50 conv pref._* National Lead 10 10 7 Monticello Tobac.-l Monumental Radio 1 96 20 39 25 14% r McCrory Stores 1 Conv 6% pref.100 11% 3.85 25 Barge 47 Preferred 100 McCord Rad cl A--* Class B * 80% 6% 1% l 24% 2% 25 r McGraw 3% 36% 9% 7% 19% 17 * 27 33% 1% 48% 10 Lion Match * 2% 22% 112% 1% 3% 6 Lib McNeil & Lib.7 t Life Savers Corp .5 Prior 7* 2% 21% 110% Class A National 29 May Dept Stores. 10 Maytag Co * 1st $6 pref * $3 cum pf w w ._* McCahan Sugar Refining pref. .100 McCall Corp * McColl-Frontenac 110 5% Nat Paper & Type— Common 1 49 166% 50% 3% 99% 114 109% 50% 110% 59% 24% 1% * Nat Enam ft Stpg_* 11 111 49% 109% 59% 45 7 % preferred- -100 o* 79 100 Math'son Alkali 32% Inc Preferred 3% "4% 10 1 Le Tourneau (R G) 1 Ley (Fred T) & Co.* Libbey-Owens-Ford * Liberty Baking * Preferred 100 Electric 1 Master Tire & Rub* Preferred ._* Master 7 * 102 53 Monogram Pictures 1 37% 17 7% pref class A100 7% pref class B100 * 6% preferred...10 Nat Dept Stores 5 % % preferred. _ * Nat Oil Products-.4 28 8% 36% 1 11% Monarch Mach T'l * 106 4% Nat Cylinder Gas 35 3 45 1.00 11% 16% _ 10% Mohawk Rubber._ * Moloney Electric A* 37% * 5% A conv pf.100 Massey-Harris * 15% 10.00 10% 10% 16% Mfg. 30 Voehringer.Co2.50 42 Masonite Corp.: 9.20 (Del)l Nat Chem ft 22 Preferred 100 Modine Mfg com..* Mohawk Carpet-.20 37 1% 3 3% 43% 12% 15% Steel Castings * Nat Mfrs &Stores._* 17" Molybdenum Corp !M * 1 20 5 Marshall Wells pref. 25% 100 4%% pref Le Roi Co * 100 Marlin Rockwell-_1 Marshall Field ft Co Nat. Cash Reg 15 45 2 Preferred 20" 99 Nation'1 Malleable ft 15" * • 16 * 4 29 100 Shov 95 * $7 Preferred 2 4% 7% 1% 44% 1% 12% 9% 115 com Nat Casket 6% Class B 1 Mo Portl Gement.25 Mock Judson— 8 30% 9% 111 Nat A common B common-- 1% 9% Martin (Glen L) 1 Martin Parry Corp * 36 5% Leath & Co com Marion St 18% 106% 1% 7% Mississippi Glass— 15 9 Lawrence Portland Lea Fabrics Preferred preferred-.100 2d preferred—100 4 Miss 5% , MH 80c 27 r r Margay Oil Corp..* Jan 9% 1% 8% Maracaibo Oil Exp. 1 Marathon Paper. .25 Langendorf United Bakeries class A.* Class B * _ 100 30 28 Lane Bryant Mapes Cons Mfg__* Maple Leaf Mill. * Preferred 14 1st 3% Line Lakey Fdy ft Mach 1 16 3.75 Pipe Line A * 12% 7% pref A Mission Oil 1% 38% % 24% 170 29% 116 Missouri Kansas Manufac's Trading 1 Preferred 10 Corp Landers. Frary & 7^ * 24 128 3% Manning Bowman 23% 7% 10% Minneapolls-Moline Power Implem 1 $6.50 cum pref..* Mission Corp 10 Mission Dry Corp.l 16 * 100 Lake of the Woods * Aluminum Fdy..* National Candy—* Nat Breweries 8% preferred...50 Milton Bradley pflOO Minn Brewing 1 Minneap-Honeywell Regulator * 4% pref se- B.100 13 Mansfield Tire & Rubber com 165 Miller (I) Sons com 5 112 48 18% 105% 1% Midwest Refin 1 Miller & Hart— Conv preferred..* 11 14% 10 30 We 24% Nat Food Products Minn Min & Mfg__* 10 1 Nat Dist Prod Supply common.* 3 (B). * Shirt.25 Manischewitz ft Co common.. 18% 6% 1% Bellas-Hess Nat Biscuit Midwest Piping & "7" 100 Manhattan 122% 6 10 3% % Corp— Mid-West Abras.SOc Midwest Oil_. 10 13 Option warrants-. 39 105 14% 8% 1st pref...100 $2 n-c div shares. * Midvale Co. __* 29% 12% Manati Sugar com 1 Oil 3% 1 c 7% 38% Nat Dairy Prod—* 26% 34% 140 28% 12% % 1% 3% 6 24 1 3% 14 t 11 l66" Nat Container 4 v 7% 10% __* Preferred 34 60 . 5^ 5% Majestic Major MarketingMallory (PR) 1% 7% 3 3r% 115 17 4 8^ * 24% Radio & Television com__l 3% 1 com 14% 4% National Bronze & Products com.* 24% Mahoning Invest 100 * 10 $2 conv pref Midland Steel 104 1 com 15c "2% 21 * 1% 6% % Airlines Class B x _ % . Mid-Con t Petrol. .10 Middle States Pet— Class A vtc 1 1% 15 MacWhyte Co— 8 % preferred -100 Macy (R H) Co Inc * Mad Sq Garden._.* Magazine Repeater 44 1 Preferred Products 13 ____ Preferred 86 12 MacMillan Razor 12 5 Laclede Steel Lago Petroleum 25% 134H 5c 1 ______ 6% 13% 3% Nat Bearing Metals* Preferred 100 7% preferred--100 14 1 Sugar Preferred 21% 1% 5 Mickelberry's Food 100 Pub—* Preferred Preferred Milling. Michigan 24% 158% 1% Midland 19 6% conv pref. .10 Battery— Nat 101 Mich Gas & Oil 1 Mich Steel Cast Mich Steel Tube.2% Lunkenheimer Co— - J* 130 100 Mich Bumper Mich Chemical 17% 10 National Automotive 120 Meyer Blanke Co..* 6% * 2% 41% 112 10 109 _ 51 boh National 50 4% Common. National Airlines. %# Preferred 5 Nash-Kelvinator 29% 4% 4 Luscombe - Fibres common.-l 29 Metrop Playhouse.* 50 Lukens Steel 4 Jan Mexico-Ohio Oil—.* Mexican Petrol..,_1 3% Midcontin't Mack Trucks Inc..* f * _ 45 3 Bid Per share Mvers (FE)& Bros.* Myles Standish vtc* Nachman Springf. * .1 Par tic pref'ence.15 20 pref n-c Macfadden 2% 2% i 7% preferred.. 100 Koppers Co 6%pfl00 Kresge Dept Stores 1 4% preferred--100 Kresge (S S) Co.-10 Kress (S B) » Special pref 10 Kreuger (G) Brew.l Kroger Grocery ft Baking common.* 1st preferred-. 100 • 50 * _ Preferred _ 1% 11% Par Nast (Conde) see O Nat Acme Co 1 3% Metal & Thermit..* Preferred ..100 108% 24% 6%% conv pf_100 60 •154 1% 2% 29% Kleinert Rubber. .10 . 158 6%% pref 100 Airpl_50c Lynch Corp 5 MacAnd & Forbes 10 6% preferred--100 Macfadden Newsp.* 10K _ 2d preferred 7% preferred--100 Loudon Packing—* Louisiana Ice & El.l 14% 63 5 Metal Textile Corp Common 25c 110 24% * com Mesabi Iron Mesta Machine 102 1st 1% 1% 2% 29% 1 King Seeley corn. 1 Kingston Products. 1 Kysor Heater Laclede-Christy Clay Products preferred.-100 2nd preferred-.100 Loriliard (P) 10 5% "in 7% 1 Kingsbury Brew Knapp-Monarch 1?* 107 % 160 Ludlow Valve com.* * 100 Preferred Bis.-25 5% preferred--100 Lord & Taylor-.100 Loose Wiles Scott Louisiana Oil Refg.* Keystone Steel & Wire common Keystone Watch Case 3% 2% .... * Preferred-- A% 36 33 * Common $5 6 Ken-Rad Tube & Lamp A ♦ Kensico Cem Assn__ 107 11% 6% 6 Refining-10 Kennedys Inc 5 $1.25 conv pref--* B_ 13 pref--* 16 13% 54% 6%% pref A100 * Lone Star Cement-* Kelsey-Hayes Wheel 1 28% 26% 13% 30% Loft Inc i% Conv class A nVA 30% 5% 35% cum 14 50 36 Lockheed Air Craft .1 Locomotive Firebox* $6.50 Merrlmac Hat—...* Preferred 49% Merritt, Chapman & Locke Steel Chain.5 Stocks Ask 116 Lino.* 27% 26% Loew'slnc. com—1 100 5 common 1% 22% Mergentb'ler 35 * r Class B Kellett Autogiro 47% 1 _ \lH 4% * 100 Brothers Preferred com. 6% preferred.-100 17 preferred—25 Loblaw Groc Ltd A* r Keller Dorian Tire 6% 10% 17% Liquid Carbonic—* LIquidometer Corp 1 105 94% Bid Par Per share. Merck & Co Upton (Thomas J)— Class A —1 14" 13% Kayser (Jul) & Co_5 Keith-Albee-Orph— 7% conv pre' 100 Keith (Geo E) Co— Stocks Per share 90 100 for the closing day of the month preceding the date of issue Ask Bid Par Stocks Ask Per share 5 6 89 MISCELLANEOUS STOCKS & Quotations for all securities are as near as possible Class 9% A— * Class B * 6%% preferredlOO Texas Oil 2% 22% 5 European Oil._l North German Lloyd Amer shares 3% 22* 2% 3 We Nov 24 % 90 INDUSTRIAL MISCELLANEOUS & STOCKS Quotation® for all securities are as near as possible for the closing day of the month preceding the date of issue Stocks Bid Bid Stocks Ask North & Judd 26 Nor Paper Mills..10 31% 7% 8 1 Derivatives.* 5% 2% 14% Petrol He^t A Pr__* Pettibone Mulliken * 17 5 1 Warrants 2 Northwest Airlines.* N'west Engine * N'west Yeast 100 NorwalkTireA Rub* 50 Pharis Tire A Rub.l Pfeiffer Brewing— » 51 4 Phelps-Dodge 25 Daily News. 10 I® 6 Phila Dairy Prod--* $4 preferred * $6 preferred Phila 2% 13% 31% ,1* r 31% r 161% 21% 22 Machine Corp Ohio Leather Ohio Match * 23 24 * 16 18 Ohio Oil * * 6% preferred--100 Ohio Rubber * Ohio Seamless Tube* 10% 6% 102% 1 100 6% preferred..100 Oldetymc Distillers 1 Oliver Farm Equip.* Omar Inc 11% 7 103 110 Pierce Butler Rad.5 130 12 10. Pierce Governor Pierce Oil Corp— 21% ... "1% 1 8% 90 Pillsb Flour Mills.. * 1% 19% 8% Pines Winterfront.l Piper Aircraft 1% 19 8 30 IF 12 13 Conv preferred..* 0'8ullivan Rubber, 1 29 31 Oswego Falls comlOO 12 % 13% 17% 6% preferred.. 100 Otis Steel 17% 5 8% 17% 141% * 10 34 Manufacturing..5 27 * com 7% preferred..100 Owens-Ill Glass. 12% Oxford Paper com.* $6 preferred A 5% 10% Pitts Coke A Iron. $5 114% *62% 5% * 35 Pacific Can 11% Pan-Am er 15% 7 3f* U* Polaroid Corp Pollak Mfg Preferred Pelham Hall .* v t c ... Pender(D)Groc'y A* Class B Penick & Ford 7% Common v t c * conv pref * Penna Industries— Units Pennzoil B 18 Class A * Class B * Potash Co of Am_-5 16% Potrero Sugar com.5 Preferred 5 Pref stamped 5 Potter Co com 1 Powdrell A Alexan.5 24 8 7® 72 10 9% 10% 11 iF J.* 29 33 26 26% 17% 15% %e % % 40" 38 9% a* % 26% % % % 27% % % 1% 1% % 4% 4 11% 2% 1 100 conv Preferred Riegel Paper Riley Stoker Timber 5% 4% 3% Robertson (H H)__* Robertson Pap Box .5 17% 6% 5% . 100 23 * 1 16 14 21% Root Petrol Co . 11% 3% Radio Corp of Am. * $5 pref B * 14% $3.50 conv 1st pf * Radio-Keith-Orph. • New 18 26% 27 9 10 8% 8% 77% 87% 15% 62% 1% prefer-ed Ralston Steel Car. 10 preferred .100 Randan Corp pt A.* & 174% 2% Class Rath 15c $3 21" 277 27% * Packing 10 Raybestos-Manhat * Raymond Concrete Pile common * 1% 36 B Rapid Electrotype.* conv pref Rayonier Inc com. 1 $2 cum pref 25 Raytheon Mfg..50c 6% preferred 5 _ 6% 4% 3% 7% 52% 7 46 19% 11 37 17% 28% 1% 6 k Last sale, 22 100 com Preferred St L Rocky Mt A Pacific Co. .100 Preferred 100 n Nominal, r Canadian price Pub preferred Simmons Co 14 19% 21% * * Simmons Hdw A Pt 1% 2% * 70c 30 22 Simplicity Pattern .1 Singer Mfg 100 Singer Mfg Ltd. £1 149 5% 18% Sioux City Stock Yards com 20 Preferred 20 Sirian Lamp com..* Preferred 6 1% 2 _. 10 20 ""% * 15 iF Sivyer Steel Cast * Skelly Oil 15 6% cum pref. .100 Skinner Organ 5 15 Sloss-Sheff S A 1.100 104 3 $6 preferred .100 Smith (A O) Corp. 10 109 25 . - 19% 103 ' _ 15 2 2% 8 Typewriter vtc--* Smyth Mfg 25 Snider Packir g * Socony Vacuum. .15 25 18* 60 21% 11% 3 1 Conv A pref 7% 1% Mfg * 1 5 30 1 1 1% 11% 4% 57 Sonotone Corp 18% 21 23 Soss Mfg common.1 South Bend Lathe Works 5 13% 14 44 45 2 1% 1% Conv preferred 4 1% . . 22% 2% South Coast Corp-.l Preferred 100 30 South Penn Oil 25 So Porto Rico Sug_* 41% 23% 148 8% preferred..100 57 47% 105 r r 113% 114% 4% %> Smith A Corona 10 18% 3% 59% 47% 106% 114% 114% 5 South Shore Oil A Development.. 100 % S'eastern Greyhound Lines common...5 14% 6% conv 20 pref. .20 Southern Advance 18 19 28 30 Southern Groc com* Preferred. * 77" 80" 21 Bag A Paper $2 pf 6% pref South'n Pipe Line 10 72 14 18 5% 6% Southern Phosph.10 Sou Webbing Mills. Southland Royal..5 3 8 . 19% 5% South West Penna 4 Preferred 100 6 95 _* 27 St Regis Pap com. .5 Preferred 100 Salt Dome Oil 1 1 Sanborn Map 25 Sangamo Electric. _* Sanitary Co of Am b% preferred .100 San-Nap-Pak com.l Preferred 8% Units 2% 71% 6% % 109 "3" 73 7% 1% 113 26% 27% 35 42 4% 8% 5 10 95 x 29 * Simmons-Boardman Sonoco Products 15 t New stock, 17 45% com Savage Arms 10% * Common 4% % 1% St Louis Screw— Stock Yards 117 * 100 * _ 100 r 55 . $2 conv pref 50 St Lawrence Flour . Co 7% pref... 100 114 A Mills . 92% 112% 12% Shuron Optical * Signode Steel Strap'g 44% Ltg (Del) 50 Safeway Stores * 5% preferred. .100 6% preferred.. 100 7 % preferred 100 St Lawrence Corp.* 24 25 Preferred * 22% Ex-dividend 23" 23% Pipe Lines 10 Spalding (AG)ABr.l 1st preferred * Sparks-With'gt' ._.* Spear A Co .1 2% 12% 2 5% 65 $5.60 preferred..* Spencer Kellogg * Spencer Shoe * Sperry Corp v t c..l Spicer Mfg Co * $3 conv pref A...» Spiegel Inc com 2 $4.50 conv pref..* Springfield Ice A F.5 Square DOo 1 Squibb (E R) A Son* $6 preferred * 13% "a 4% 51% 7 106% Sherw-Williams -.25 5% pfser AAA 100 Sher-Wms Can. * r Solar $2.50conv pref..* Ryan Cons Petrol.* Ryerson A Haynes.l Safety Car Heat . Hoist r<i 38 11 * Solar Aircraft Royal Typewriter.* 7 % preferred. .100 Samson United •20 10% 34% 17 1% 23 St Paul Union 19" 3% 27% 1% % 1 common A Bolt 44 55 18 i* 2% 100% 63% 1% 3% 42 7 St L Nat Stk Y 6 75 1 conv Ruberoid Co * Russeks 5th Ave .2 % Russell Mfg __5u Rustless Ir A Steel .1 12% 18% 3 common New 30 1% 10% 1% 2% of N Y ord shares 114 IF 7% 1% 1% Royal Dutch Co Bakeries * 15% 7 Pyle National Co. 5 6% 15 Pyrene Mfg 6% J an 10 k 124 119 Quaker Oats * 152 6% preferred ..100 149% 15 Quaker State Oil.. 10 15% Rademaker Chem.l 1% 1% I® 2 pfd_20 Rose 5 10A25c Store $1.20 A 16 2% 1 pf.100 conv Jan. 6% $2.50 preferred.30 14 100 79 Purity 89% Rockwood A Co 37 5% conv pref. .100 6 % preferred. 100 48" 2% 5% 18 7% 1st pref 100 Rochester Button. * 21 Preferred. 20 Pullman Inc * Punta Alegre Sugar * Pure Oil Co * % 8% 4 Robinson(Dwight P) 35 12 40% 19% 5%% 5*' 57* 37% 30% Shepard Niles Crane Common Rome % 50 Simonds Saw A Steel M 78 com..* 94* sF 5% Bobbins A Myers. Preferred 25 Rogers Peet Rollins Hosiery 5% pref Sharp A Dohme * $3.50conv pref..* Shattuck (Frank G)* "6% % 12% 42 12% 52% 4% % conv 6% * 12 38 114 $5 15% * A* .__* 11% 11% 68% 1% * Common 5% preferred ..100 1 11 Simms Petroleum.10 Simon Brewery 1 Simon (Franklin) A 20* Preferred 100 Ritter Dental Mfg.* Riverside Cement— Class A < B 12% 35 7% 1% 1% Corp.* Preferred * rp Seton Leather Sharon Steel Cp SIlex Co 34 * r 2dpf_.50 Price Bros A Co 32 82 100 Co 1 Cable Corp.5 Roosevelt Field 5 pf„„5 1st preferred. .100 13% Without par value, 2% 4% 108% Dry Gds_* 100 r conv 1st Original pref. .100 Puget Sound Pulp A 120 5 3% Roeser A Pendleton * 15 27 19 Rogers-Majestic A. * 14% * Rice Stix 9 24 5c 6% 52% 40% __5s 49 4 172 11* Rheem Mfg Co 1 Rhodesian Anglo. 10s Rhodesian Selection 47% 8% 28 7* iV> 40 10 conv pref * Pressed Metals Am.l Pressed Steel Car— 40 4% 3% 1 common 42 5% 5% 6 Shell Union Oil 41 Common 1% 4% 2* 7% 55% Scrrick Corp cl B.. 1 Servel Inc. 51 39 90 88 10 50 50 Seiberling Rubber.* 5% preferred.. 100 Selby Shoe » Sentry Safety Con.i 88 Prentice 101 11 5% % cum pf__100 Reynolds Metals..* 5%% conv pf_100 Reynolds Spring... 1 Reynolds Tob 10 38 * Preferred "4% 1 80% 22% Hall 39 18% 1% * ware com 77 cum 21% 6 10 Seeman Bros pref.. 100 7% Class % 83 Segal Lock A Hard¬ 90 19% 11* 8^. Seaboard Oil (Del).* Seagrave Corp * Sears, Roebuck * Shawnee Pottery.. 1 Sheaffer (W A) Pen* Shell Transp A Tr £2 W orks common .10 11% 10% 18% % ' 12% 49% 1% 3% 5% 25 , + 26 Richman Radiator. 1 Richmond Cedar 101 .100 Steel 72 Warrants 53 3%% pref 68% 11% Richfield Oil J8* 14 ~6% 4% 9% 6% 90% 1st preferred. .100 preferred. .100 2d 23 1st pref 49 o7J 26 *32 ordinary. 1% * .10 B 1% % _* Warrants IF 4 w Class A 101% * Scullin 20c 6* 25 % 12* 14* 9% 46% 112% 107% 28% 26% » . 35 % Scruggs-VanderBarney com ...5 % 12% % 7% 24% warrants 5c _ $4 preferred Scovill Mfg 5% 17% rights Prairie Oil A Gas_25 Pratt A Lambert * % 30 15 2!* Prosperity Co B * Publication Corp..* 35 268 B Bond 13% 100 25% 5% 99 Rem'tn Rand com.l Republic Air Prods. Republic Aviation. 1 A preferred Republic Steel * 6% conv pref. 100 6% prior pf A. 100 Revere Cop A Br. .5 7% 5% m*4 Co com..* $1.50 conv pref.25 Remington Arms..* Preferred 113 26 2 49 7% 112% % 4% 107 100 Preferred Scott Paper $4.50 oreferred 101% 6% Mfg Co. 10 Preferred w_.25 Reo Motor Car 5 10% 1% lc Reliance 25 230 Peoples Drug Stores* Pepsi-Cola * * 1 2 Perfect Circle Permutit Co 8% 2% 68 Penn Traffic 2% Penn Vy Crude Oil— Class A 6 Class Units 8% «§* 26% 8* •hF 225 25 Penn-Mex Fuel 1 Penn Rivet Corp__l Penn Salt Mfg..-50 iF * conv .*7 3 10% 8% preferred-.100 5% preferred-.100 Producers Corp. _25c 9% 1% 10% * . 18 55% 89% pref A. _* Penn Electric Switch Class A io Penn Glass Sand— Preferred 100 Reliance El A Eng 5 17 * Penn Coal A Coke 10 Pa-Dixie Cement- _* Reliable Stores 5 Process Corp com Proc A Gamble 14 . 2% 21 * Penney (JC) Com.* Penn-Central Airlines Corp 1 1% 9% 43% 12% 21% Peerless Weighing A Vending com 1 Reis (Robtj A Co__* 7% 1st pref—.100 Reiter-Foster Oil. % 4% Porterfield Aircraftl Porto-Ric-Am Tob— 7% 5 6% preferred.. 100 Peck, Stow A WilclO Peerless Cement * 1 * Poor A Co class B__* Class A * ""% 3% 83% 8% 43% 11% 1 Peabody Coal B 57 75 Schulte Retail Sts.l 8% preferred..100 Schwitzer-Cumm 1 Scranton Lace 24% 5% 12X4 £&% Pref.... 100 . 25 2d pref A connii on Preferred Richardson 4% Reel 5% 39% 4% 83 Porterfield Aviation. American shares._ Pantex Pressing Machine common * Preferred * Paraffine Co Inc..* Parmelee Trans * Pathe Film Corp.. 1 7% preferred * Pathe Laboratories* 5% 39% sF 4 33% Schiff Co com * Schulte Real Estatel 53" * 21 "6% 6 % Rig Mills Ltd 20% 7% Refining com 1 Pantepec Oil Co— Parkersburg 25 5 34 sVA 105 Parker Rust Prf_2 % Park A Tilford Inc.l * 13 48 3% 6% 2% 39 4 (Thos Plymouth Oil 5 Pneumatic Scale Preferred 10 Pocahontas Fuel.100 Preferred 100 12% 7% 3% irif * 100 30 Plough Inc 7% Plymouth Cord. 100 23 3% * 6%% pref Regal Shoe pref. 100 Regent Knitting 6% 1% 13% 5% Panhandle Prod A 4% conv pref_100 Paramount Motors 1 Paramount Pictures 1 6% 1st pref 100 6% 2d pref 10 Parke. Davis Co..* Parker Pen 10 100 « 60 1% 6 lV* Southern 1 5* 20 * _ 50 Reed Roller Bit Reeves (Daniel) Pleas't ValWine Col 12 6 Preferred Savannah Sugar 1 Savoy Oil 5 Schenley Distillers. 5 3% 2% 6% Per share Par 45* 2% 3% Units G)— 7% 1st pref 100 Pairpont Corp. .100 Transport $50par B__ 1 Preferred Plant 7 22 Pan Amer Match.25 Pan Amer Petrol A 1 Pitts ton Co 62% 5% Palmer Bros __* Pan Am Airways 6 * Pitts Term Coal 120 5 Pacific West Oil.. 10 Packard Motor * pref Forgfngs Pittsburgh Steel * 7% pref B....100 5%% prior pf.100 5% oref A 100 40* Reed Prentice com Bid Stocks share 2% Red Rock Bottlers. 1 26 79 Pitts Screw A Bolt.* 142 Pac Coast Cement Common. Pacific Uoasi Co.. 10 1st preferred * 2d preferred * 25 78 3 40 * Reda Pump Red Bank Oil 37 5k * M Ask Per 1 * Engine 8% 7% 35% 1% 5% 4% _ 43 $5 preference * Pac Amer Fisheries 6 Pacific Aviation 1 conv Pitts * _ Pgh Metallurgical 10 Pfttsg PI Glass. .25 IF 51 if 45 Pitney-Bo^es Post.* Pitts Coal (Pa)..100 6% preferred..100 3 $5.60 conv 1st pf.* Outboard Marine & Outlet Co , 5 20 Preferred Pirelli Co of Ttaly— Am shs 500 lire 72 Preferred 25 Ontario Mfg com. _* Oppenheim Collins. * Oshkosh B'Gosh * * pref. 100 ExpIorat__l conv 112 Pilgrim Real Silk Hosiery Mills common Reliance Si eel .84 1 Elevator * 105 6% preferred. .100 Oneida Ltd com 12% Otis 100 Phillip-Jones Corp.* 7% preferred ..100 Phillips Packing * Phillips Petrol * Phoenix Hosiery 5 7% preferred-.100 Pick (Albert) com.l Pictorial Paper Pkge Corp 5 Par 7% cum pref. .100 Realty Operators Rearwin Aircraft A Record com.* Preferred 165 Ohio Brass B Ohio Forge & * 2% 22 Phil A Read C A I.* 7 Bid Stocks share % 2% 9% 8% 7% 35% Phila 4% 44% 18% 37% 42 Norw Pharmacal.2 % Novadel Agene * Noxzema Chem 1 Nu-Enamel 1 Nunn-Busb Shoe 2% Ogilive Flour Mills. * Preferred.. 100 % \V* „7% preferred-._ 60 common Conversion. 1 Petrol Petrol Class A Okonite 1% 20% * 7% Northrop Aircraft 5% preferred Oil Exploration Per Pervel Corp Pet Milk 33% North Pipe Line. .10 Ask Par Per share ' 21% 1% 45% 30% 52 9% 60% 2% 30% 38% 110% 32 11% 107% FEB., 1940] INDUSTRIAL Quotation! for all aecuritles Stocks Bid Par J 2 A* Preferred 50 17 107 95 Thermoid Co 55 16 110 100 10 7% preferred.. 100 $5 preferred * Standard Brands..* $4.60 cum pref..* Standard Brewing. * Stand Gap & Seal—1 $3 2* . X 14 2* 20 2* 2X 6 63* 15 % 4X 24 26 X 24 X 26 X 20 X 43 X 29 30 24 X 109 1083* 83* 9X 38 Time Inc 34 3* 13* 43 X IX 45 X 30 28 Common v t C—1 -Steel Co of Can. —* 80 12 X 13 X 13 X 40 132* 33* 142* 43* 15 Picture Steel Forging—* Transwestern Oil.10 33* Truscon 6% 1st pref 60 33 Jan. 26 5% 2d pref Tung-Sol 20 10 Dec 80c div conv pref * 20th Cent Fox Film 11 Sterling Aluminum Products com 1 5X 5X Sterling Brewers Sterling, Inc. 1 IX 2 1 2X 3 $1.50 preferred..* Sterling Products. 10 Stern Bros common 1 18 Coach 19 UdyliteCorp— 772* IX 78 Ulen & Co 30 4X 5 15 5 7X X 7X X Union 9 Union Stokely Bros.. 7X 62* Conv 1 14 pref 25 Webster. .* Stone & Storkline 10X 6X Furn 10 Strawb'ge & Clothier 6 % preferred. 100 7 183* 27 X 00 X 25 X United Aircraft 5 Un Aircraft Prod—1 473* 52* * id" 11X 3 4 10 X 29 X 16 17 8 59 X 593* 122X 5 Preferred 100 United Biscuit * 7% conv pref. 100 United Carbon * United-Oarr Fast..* United Chemical..* $3 part pref * United Cigar Stores 113* IX 35 X 0% preferred.. 100 United Cigar-Whalen 24 X 2 „ 13 32 , l 53*% conv pf—60 Superheater Co * Superior Oil Corp.. 1 Superior Oil (Cal) 25 Superior Portland 24 X 2X 36X $5 preferred United Drill & Tool IX 35X Stores Class 8 93* 473* 6 com 153* 2* 44 153* 12* «. 152* 111 543* 18 0 * OX 13 43 14 13 X 13 X Class B * United Drug. 5 United Dyewood.10 7% preferred..100 United Electric 59 3X Coal Cos com U11 Eng & Fdy 4X 33 X 4X 34X six 82 3 Swan Finch Oil 15 16 62* IX United Fruit United Sylvania Industrial w w v 1 36 common.5 Taylor & Fenn__100 Taylor (K) Dist.-.l * Telaut'g'ph Corp..5 Tennessee Cor p.—5 Tennessee Prod * Terminal Ref & Warehouse Corp50 Preferred 1 * Texas Corporation 25 Texas Gulf Prod * Texas Gulf Salph—* Tex Pac Coal & OillO Texas Pacific Land Trust old stk__ 100 Ctfs sub shares.. 1 Texon Oil & Land..2 Thatcher Mfg * $3.60 conv pref..* No par value, _ United Molasses Ltd Amer dep rcts._£l Unit Paperboard 10 Preferred 100 6 15 Unit Piece Dye com* Preferred 100 United Profit Sharing Class 31X 4 100 X X ox 14 x 72* A * Class B Un Shipyards B Class A 1 1 7% conv pref. 100 Envelope 100 U S 15 4 4X 52* 6 2 22* 58 100 Finishing. tr S Foil B U S Freight U S Graphite U S Gypsum * 1 Wagner Bak v t c. 1 Wagner Electric.. 15 Wahl Co 5 4X X 3X "X X U 8 Ind Alcohol— U S Leather com..* 7% cum pr pf.100 r> 11 X IX 81X 43 X 4 X IX 82 44 4X ~8 ~9X 33 X 99 30 101 1 2 5 5X 8X *7X 87 X 179X 4X 4 X 293* 21 5X 65 Part conv& cl A.* 6 31 22 X 5X 69 9X * 4 X % pref w w 100 & (H) com..* Preferred * Waltham Watch cl B 7% prior pref. 100 6% preferred.-100 Walworth Co * 6% preferred 10 Ward Baking Corp— Com class A Com class B * * 7% preferred. .100 Warner Bros. Pict._5 $3.85 conv pf Warner Co com Preferred Warren Bros $1 * * * * 1st pref.* pref _* cum. $3 cum Warren Fdy & Pipe * Warren (Northam) $3 conv pref * 35X OX conv r Canadian price, 9X * 6 77 25 40 106 5X 5X ox 90 preferred._* Suchard com (H F) 15c 50c $50 IX ox 110 ox Oil Gas.. Wm 292* 5 3 * m ox IX 3X 5X Oil-O-Mat (R C)_._* Willys-Overland 1 6% conv pref.. 10 303* 10 11 Wilson & Co * 65 623* 25 3* 373* $6 preferred Wilson Line Preferred * 59 * 23 100 81 Willson Products._1 Wilsonite Products 1 10 1 263* 372* 1172* 612* 53* 13* 20c 33c 1142* 592* 53* 32* 2* 443* 3* 3* 3* 23* 192* 393* 283* 32* 273* 5 • - - - _ _ _ _ Wilson-Jones 29 3* 33* 283* 36 Winsted Hosiery 100 Winters & C'mpton 1 Wither bee Sher pf .50 WJR The Goodwill Station 12* 62* 103* 92* 883* 92 130 - 9 — 10 42* 52* 262* 12* 32* 2* 63* 213* 5 29 00 Woodall Ind ust 43* OX 27 23* 42* Newspaper Machinery pref..* Prior pref units Preferred 100 Woolw'th (F W).10 Woolworth Ltd— Am dep rects ord. Preferred Worcester Salt.. 100 & 1 Mach * 95 43*% 7 75 30 10 7 preferred 100 series preferred 163* prior 100 Wright Aeronaut'l.* Wrigley (Wm) Jr..* Wurlitzer (R) comlO 35 5 3* 52* Preferred Yale & Towne 100 25 Yates-Amer Mach .5 83* 12* 23 3* Yellow 9 33* 49 York Ice Mach 7 % Preferred- * . Preferred 8 12* 53* 83* 303* 100 1083* 3 Youngstown Sheet Tube common 203* - - - - 32* 45 48 353* 1063* 86 11 109 22 3* 3 362* 1073* 87 113* 112 232* 33* 17 119 32* 26 173* 120 42* 283* 863* xr 43* * 233* 232* O ec\ V» 392* 5 & * 53* % pref..100 Nurseries com Zenith Radio * Zonite 1 ts 103* 6 Young (Thomas) 85 19 75 70 102* S teel Car common 23 43* 183* 673* 56 1283* Youngstown Door common 183* 4 100 44 4 11X 43 Youn^(LA) Springy Youngstown Steel 17 3* 48 118 40 X & Young (J S) Co..100 2 63* 13* 33* Truck Coach Mfgcl B__1 7% preferred..100 13* 24 32* 222* Worthington Pump 213* 53* 53* 3 10 Woodward Iron.. 10 Woodw'd & Loth'plO 34 193* OX 4X Wood (Gar) See "G" Woodley Petrol l 91 42 6 2 332* 162* 292* 3.55 13 Wolverine Portland Cement com 10 Wolverine Tube 2 Wood (Alan) Steel.* 7 % preferred. 100 7% pref A 100 6% pref B 100 43*% conv prior 53* 7X Wood 13* 53* 47 13* 1 * _ 22 Ex-dividend. 19 X Williams 1 x 66 36 19 Wayne Pump t New stock, 29 X 85 prior pf.* Produ« Nominal, 3X 113* 52* 32 Waukesha Motor. .5 17 X 53 X n 34 X 107 Webster Eisenlohr.* 7 % preferred.. 100 1 Westvaco Chlorine. * Wilcox Good'm Worts Wellington Oil 2X k Last sale, Class B Waldorf System * Walgreen Co com__* Welch G'pe Juice 23* Preferred 100 5X i * 4X 25 8X 42 X 3 X Waitt&Bond Inc A Walker 7 80 X 179 7% preferred. 100 Machine.5 53* % conv pf..50 » X 550 50 X 5X 5X 00 * U 8 Hoff 34 X 8 24 X 78 68 5 20 65 3 20 X 2X 19X 42 X 33* 332* 73* 112* 23 9 __ Preferred 25 United Specialties. 1 U S Distributing 5 t Preferred VogtMfg * Vulcan DetinninglOO _. United Screw & Bolt Un Shoe Mach...25 %. 293* 3X 593* 7 % preferred 100 Vultee Aircraft.___1 Waco Aircraft. * 25c U S Iron & Steel com.* com. J9 643* OX 15X ~or Taylor-Wharton Term & Trans TX 5X 5X 5 * Tampax Inc 1 Tappan Stove 6 Tastyeast Inc cl A. l Taylor-Colquitt Co 5 Taylor Craft Co 1 Inc 25 X 73* 53* 1 $2.50 pref.. Talon Inc 32 5, * 11X t c - .... Taggart Corp 22 X 312* 24 X » Symington Gouldx w 5 3 53* Merchants & Mfrs United Milk Prod..* $3 part pref 2 4X 22 X Swift & Co 25 Swift Internat Ltd— dep ctfs of bear shs * 7% 5 5 .. Machine Technicolor 29 X 7X 19 62* Preferred 25 Sweets Co of Am.50 Sweets Steel .1 Swift Business Common Common X 29* Sutherland Paper. 10 2X 5 4X 100 Pump 20 X Preferred 73* 13* 433* Preferred * Victor Chemical 5 Va-Car Chemical..* 6% part pref. .100 Va Coal & Iron.-100 Va Iron O & C__100 5% preferred-.100 10 X Westland Oil * Weston El Instru..* Prior 90 163* Vick Chemical 5 Victoria Gypsum..* Preferred 130X com Will & Baumer * Preferred 100 Willcox & Gibbs__50 ertientes-Camag'y Viking 7% 1st part pf.50 Westmoreland Coal * 28 15 X 23 X 107 X 100 123* 17X X 10 * 50 Mfg Chocolate 30 33* 10 X 100 Brake common..* & 18 29 85 Sugar common..5 Vicana Sugar v t c.3 V 50 110 Newspaper Stationery Westinghouse Air Wilbur 2* 17 122* 4IX 1 X 65 Superior Steel 100 Susquehanna Silk 1 l00 1 21X Union common..* Western Tablet & Whittaker Pap com* 7% preferred ..100 Wichita River Oil. 10 Wickwire Spencer Steel common...* Wieboldt Stores...* 93* 12* 25c 113* Cement A pref..* Class B com * Mills class A Class B 82* 13* 20c 1 Veeder Root Inc...* Preferred Western Common "13* 60 - A ~i% 6 Vega Airplane IX Venezuelan Petrol .1 Venezuela Synd 2 34 Common. 10 Dairies 1 $3 Dreferred * Western Groc Ltd.* Western 7% first pref .100 WhitlockCoil Pipe— 92* 803* 173* Jan. 8 13* 23* 78 * Camp Milk * $4 preferred.....* Van Nor Mach Tool 5 Van Raalte Co 5 7% 1st pref 65 3* 157 3* __1 »8% preferred.. 100 Vanadium Corp * Pap. Common 93* $4 conv pref 5 Valvoline Oil comlOO — 56 17 10c * — — 152* 1133* 143* 150 Vadsco Sales Corp.* 7% cum pref. .100 Valley Mould & Iron Common * Preferred * Valley Osage Oil Valspar com. Pulp $4 conv pref * Prior pref 20 White (SS) Dental 20 White Rk Min Spgs- 23* 32* 632* 8% preferred-.100 Universal Pictures.! Van Lines Un Artist Theatre 103* 122 Air Transport 7X 10 X 28 X 9X Sundstrand pref. .100 1 18 242* 4X United Mach Tool common 6 Sun Oil com * 163* 27 64 3* Conv preferred-15 Un St Yds Omaha 100 Union Tank Car Union Wire Rope... 92* 10X Studebaker Corp.-l Submarine Signal.25 Sullivan Mach'y * cum 163* 68 3X 1.25 preferred..* 6% 6 100 75 Hirshberg.* Sunray Drug Sunray Oil 803* 5 Union Premier Food Stores com 1 Struthers Wells com 80 Union Carb & Carb * Union Mfg. 25 Union Oil of Calif.25 98 Stroock (S) & Co..* Titus ville Bleachery 100 Va White Motor: .1 White Sew Mach..l 142* 133* Steel Corp 1 Univ Leaf Tob____* _ 64 . 7% preferred-.100 Stromberg Carlson.* 6% preferred-.100 Strouss 10X * common 1 3 13 3* Utah Radio Prod_.l Vacuum Concrete. 12* 5 3* —* 132* 42 Bag & Paper Corp 4 A_,_* 50 * Mfg.. 10 7X 8X 2X 15X 99 X 4X * 6% Preferred .100 Western Air Expr.-l West Auto Supply— $5 Universal Cooler— 133* X Fisher Unexcelled Stinnes (Hugo)Corp5 Stlx Baer & Fuller. 10 pref.. Underw Ell 17 112* 1 23* 85 Universal-Cyclops 102* Foundry _ 23* Universal Corp vtc.l Universal Cons OillO 25 1 54} 80 40 * * B IX % 8% 1st pref 100 Universal Prod * & Upson Co com. 12 X Preferred 100 Utah-Idaho Sugar. 5 Preferred 10 com Series IX 53 X 72* West Indies Sugar. 1 West Michigan Steel W 2 69 pref conv 13 5% conv pref. .30 Weyenberg Shoe I Weyer h a eu ser.TLmb.* Wheel Steel Corp * 6% Preferred-.100 2X 7 X * 43* 13* 13* 13* 423* 12* Series A pref 2 12X 50c. United Wall Paper_2 6% prior pref. 100 9 4 1 45 U X 7 92* 33* 112* 243* 103* com._1 44 X 2 Conv partic Class B 24 $4 1 \H Westinghouse Elec United- Stove-.-r——I"" 23* 42* ( Common * $1.50 preferred._* Twin 22 Preferred A.....* Stetson (JB) * Preferred 25 Stewart-Warner Lamp... 1 372* Stockyards— $6 conv pref Common -j— 13* 42* 82* 83* 33* 73* * 0 5X c 80 37 1 35 32* -y8 5 * * Conv preferred..* United Stores A 5 4 02 X 70 50 X U7% jJn17M 50c Common 72* 33* 33 62 Preferred * U S Tobacco * 7% non-cum pf_25 U S Truck Lines..1 i3* 0 09X 50 X 50 Corp 20 4 Corp ♦ 7% preferred-.100 United 7 Screen..1 Transue & Williams Trunz Pork Stores.* Steel 10 42* 3% 7% preferred 14 132* 1 _ I?* __ 36 5 Tr ua x-Traer Coal. 35X 110X 2X U S Stores Conv 1st pref U S Sugar . 25 Steel Products Eng 1 Stein (A)& Co com * Sterchi Bros com..* 35 X 302* Daylight 3* 1103* USSm Ref & Min50 Wesson Oil & Snow¬ drift com X W Va Coal & Coke. ♦ 2 10 » 1 2X 10 292* 33* * IX 14X U S Steel 43-* X pf_100 1st 163* 293* - 80 5 16 Triumph Expios 2 Warrants—"T— I Trojan Oil & Gas of Delaware 1 IX n-cu Preferred Preferred A & ih-oducts X IX 703* 28 Towne Securities..* Preferred 100 Trane Co.. 2 Transair Corp Trico 8% V-K Wells Fargo & Co..l Wentworth Mfg.IK Preferred. * 29 IX U 8 Rubb Reel 1 32* Ask Per share Par 37 21X Realty & Imp. * U S Rubber 12* % 43* 693* Pump : 5 Toledo Shipbulld—* Torrington Co * West Air Line 34 482* 1 & Lux U S 212* Bid Stocks 3GX 28 X 6% preferred...50 158 472* Todd Tokhelm Oil Tank Transcontinental 112* 25 3* 213* Expts—* Shipyards—* Trans ~4~~ 33* * com fob l'rod 40 125 Stand Silica com 1 Stand Steel Spring. 5 Stand Tubecl B 1 Stanley Works 25 Starrett (L 8) Co..* Starrett Corp— 94 3* 113* 233* 155 Timken-Det Axle. 10 Timken Roll Bear.* Timm Aircraft 1 Tishman Realty—* 13 X 24 y 20 3* 43 6% preferred. .100 Standard Products. 1 Standard Screw. .20 Preferred A 100 Preferred. 2X 22 y 24 x Stand Oil (Cal) * Stand Oil (Ind)—26 Stand Oil (Kan)..10 Stand Oil (Ky)___ 10 Stand Oil of N J.-25 Stand Oil (Ohio)-25 103* 92 4X% conv pref.* Hoofing com..1 $1.40 convpref.20 % 1X 12X 3x 21 10X Ask 3X 30X 35X * Fdy..20 Playing Oard.10 Plywood Corp— Common 1 $1.50 conv pref_20 U S Postal Meter.. 1 U S Print & Litho— Common * 6% pref A 50 U S Radiator 1 22* 19 Tide W Assn Oil.. 10 Stand Commercial Tobacco com 1 Standard Dredging Common 1 $1.60 conv pref .20 Stand Fruit & S S_10 Preferred * 302* 112 2X Tilo Products com. 10c Preferred 5 U S — 21X 12* Oonv preferred .10 Standard Coated U S Lines pref U S Pipe & U S 43* 110 - 108 91 Per share Par 302* 193* 18X 43* 30X Thompson (J R)__25 Thompson i'rod—* $5 conv prior pf_* Thompson-Starrett * $3!* preferred * ~72* 7 106 3* 29 5 STOCKS Bid Stocks 4 3X 1 pref—10 conv Thew Shovel Ask Per share Par Staley Mfg Co MISCELLANEOUS possible for the closing day of the month preceding the date of Issue Bid Stocks Per share Stahl-Meyer com_-*| ► Ask & are as near aa 1 coco i-H 103* 142* 23* 86 113* 15 23* prices for State and municipal securities is to quote them on the it will be found that for the single maturity bond a bid and The custom in reporting in furnishing the prices below, basis of the return the bonds yield per annum. Therefore asked quotation is published—either actual figures or on a 'a certain basis. list matures from 1940 serial and is quoted 0.50 endeavor to obtain the yield that Bercentage bond in In furnishing prices for the to 1951bonds, however, we to 3.00%—this would indicatebasis our latter^nmturity is yk4^olk)wing^ist, the earliest maturity yields For and the for the varying maturities. 0.50%instance, it must be remembered the word to indicates that the figures shown are the yield basis: all other figures are bid and asked prices. Quotations for all securities are as near as possible for the closing day of the month To or UNITED STATES—See 4s Dec 15 1944-1954--J&D 114.14 3 Ks Mar 15 1946-1956 M&S 114.12 3 %b June 15 1940-1943 3 Kb Mar 15 1941-1943 3 Kb June 15 1943-1947 3 Ks 3 Kb J&D M&S J&D Aug 1 1941 F&A Oct 15 1943-1945-A&O Apr 15 1944-1946-A&O June 15 1946-1949 J&D Dec 15 1949-1952 J&D 114.15 101.31 102.1 104.7 104.5 109.22 109.24 105.6 105.3 109.28 109.30 110.10 110.8 111.8 111.6 111.20 111.23 3s June 15 1946-1948..J&D 3s 114.16 110.12 Sept 15 1951-1955—M&S 110.3 2Kb Mar 15 1955-1960 M&S 15 1960-1965 J&D 15 1945—— .J&D 15 1948 M&S 15 1949-1953 J&D Sept. 15 1950-52.M&S Dec 15 1951-1953-J&D 107.18 4% b 2.00 Birmingham— 3Ks impt ref 1940-50—J&J b 1.50 3 Ks Imp ref 1942-1958 A&O b 1.90 4s 1940-1961 A&O b 0.75 4Kb 1940-1960 —A&O b 0.75 5s sewers Sept 20 1941 M&S b 2.00 Florence refunding 1 % to 4%. 41 Gadsden 6% impt long mat & 4.50 58 schools 1940— A&O b 3.00 Jefferson County— 4Ks Ot House 1940-43 M&N b 1.25 4Kb Ref 1940-1961.--A&O b 0.75 Mobile City— Refunding2-5s Jan. 1 196681K 105.10 1K% IK % 1K% % Mar 15 1940 June 15 1940 Dec 15 1940 Mar 15 1941 % June 15 1941 % Dec 15 1941— % Mar 15 1942 Sept 15 1942 1&% Dec 15 1942 j% June 151943 1K% Dec 15 1943 1% Mar 15 1944 K % June 15 1944 1% Sept 15 1944 Federal Farm Mtge Corp— 3 Ms 1944-1964. -M&S . 3s 1942-1947 105.31 106.1 3s 1944-1949 2Ks 1942-1947 108.13 102.28 104.15 103.2 „ 101.25 102.8 102.12 Tuscaloosa— 5s W W 1940-1957 102.12 103.27 104.21 102.20 102.24 101.22 100.20 104.23 102 22 „ 104 K 111K J&J b F&A 6 2.30 to 3.40 Oakland 5Ks 1940-1943-F&A 0.25 to 1.75 to 3.30 4Kb Mun Imp '40-'43_F&A 4Kb 1940-1965 F&A Oakland S D 4s 1940-44--J&J Orange Co 5s 1941-1945.M&S 0.20 0.20 to 0.75 0.20 to 1.20 0.75 to 1.75 1.00 to 1.40 1.25 to 2.00 2s 1954-1958 J2&J2 Pasadena 4s 1941-1942..-J&J 2.25 to 2.35 0.40 to 0.60 Redlands 5s 1940-1951.J&J15 Riversidp 5s 1941-1953--J&D 0.40 to 2.60 0.75 to 2.75 Riverside Co 5s *41-'54--M&N Sacramento 4s Jan 1941-1945 0.75 0.30 to 2.75 0.20 to 2.65 0.25 to 1.65 1.25 0.50 0.50 to 2.75 0.50 to 1.40 0.40 to 2.90 % to 3.10 Flood Control District— 5s 1941-1943 J2&J2 2s 1944-1951 J2&J2 1.50 3.10 3.40 3.40 40 less to 3.75 3.50 less 4Kb Water 1941-1964. g July 1, 1940-44..J&J San Francisco (City & County) 5s Water 1941-1969 J&J 4Kb Water '57 '58. '59.J&J 4Kb Water 1940-1977-J&J 4s Wat Distrib '40-'63.J&D 2s 1941-1949 J&J to 3.75 2.50 101.2 101.1 101.1 101.3 3Ks 1 2.00 to 3.75 3.75 less 1 2.00 to 4.00 3.50 less 1 3.50 less 1 3.00 less 1 102.16 St Francis Levee Dist— 4s 1944 & 101K 101K 101 J&D 108 104K 110K 107 K 102 K 119K F&A 5s Apr 1 1955-1935 A&O 5Ks Aug 1 1941 F&A Puerto Rico (Govt of)— 2Ks Jan 1 1946 J&J 4s reg Jan 1 1944 J&J 4s reg Jan 1 I960 .J&J 4Ks Jan 1 '51-'41 J&J 4Ks July 1 1947 J&J 4Ks 7-1-56-59 1-1-56.-J&J 5s July 1 '44-'43_ J&J 5s July 1 1972 J&J 106 K 102K 117K 130 135 111 118 131 1.75 114 115 118K 117K 100K 119K 3.15 118 K 3.13 101K 107 0J5 106 102 K 107 K 115K 102K 114 121 110 134 3.04 104 K 1 75 109 K 1 60 118K 2.80 103 K 0.75 116K 2.10 123 K 2.70 111K 1.50 138M 3.10 ALABAMA 3 Ks renewal class C 1956- J&J b 2.60 4Ksharbor impt June 1 '40-73 b 1.00 less b 2.50 less 1 b 2.50 less 1 M&S M&S Tax free in Connecticut, 1 to 3.00 b 2.70 b Basis. 101 97 100 100 less less less K less 1 M&N 2.60 0.35 1.40 to 2.10 0.35 to 2.20 F&A 0.30 to 2.25 2Kb Feb 1 1941-1954-F&A 2Kb Feb 1 1941-1954-F&A Alameda 4s 1940 to 1941-J&D 4Kb Mun Imp '40-'48-A&0 Bakersfield 5s 1940-1952-A&O Berkeley 5s 1942-1951 J&J 5s School 1941-1955.—J&J East Bay Mun Util Dist— 5s 1941-1974 J&J 0.30 to 2.35 0.25 to 2.30 0.25 to 0.50 0.20 to 2.00 0.25 to 2.40 0.60 to 2.30 0.20 to 2.50 Irrigpist6s 0.25 1.30 to 1.00 1.00 to 2.20 to 1.90 to 1.10 1.90 1.80 1.30 to 2.00 2.00 1.90 2.00 1.90 1.20 to 1.85 1.25 to 3.00 2.40 to 3.00 3.20 J&J 6 3.40 3.20 0.10 to 0.75 0.95 to 1.75 0.25 to 2.25 0.50 to 2.00 0.25 to 1.75 0.25 0.50 to 1.75 0.25 to 2.00 to 2.25 0.60 0.50 0.25 to 2.00 0.25 to 2.25 0.25 to 2.25 0.25 to 1.25 1Kb 1940 to 1950 J&D 1Kb 1940-1949—A15&015 0.25 to 1.50 0.15 to 1.40 1940-1944..F&A 0.15 to 1.20 -F&A 0.15 to 1.50 M&S b 0.15 M&NI6 0.15 to 1.50 Fairfield (County)— to 2.80 92 to 3.00 % Greenwich 3s 1Kb 1940-1947 61 62 65 65K b 1.00 1940-1962 2Kb Wat Wks 1956-76 M&N, b 2.65 3 Ks Water wks 1952-1975Jfr 2-70 Nominal. 2.15 to F&A 1Kb 1940-1945 Golden Gate Bridge & H'way3 Ks series O 1942-1971 .J&J b 0.75 Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 Los Angeles (City)— to 2.10 6 3.30 Funding and building bonds 1Kb 1940-1943 J&D 1Kb 1944-1958. J&D Branford (T) 2s 1940-57-J&D Bridgeport— 5s Refunding 1940-48.-J&J 2Kb Refunding 1940-47 J&J 1Kb 1940-1948 J15&D15 Bristol 5Ks 1940-1957—J&D Cornwall 2s 1940-1956 __A&O Danbury— 3 Ks Fund 1941 tax'le.A&O Darien IKs 1940-1958—A&O East Hartford (Town)— 4Kb School 1940-59__M&N 2s 1941-1965 F&A to 1.20 3s Feb 1941-1952 n 2.20 94. CONNECTICUT J&J Flat price, to 2.15 page 5s 1974-1983.-... 3 Kb Jan 1 1941-1949 Veterans Welfare— 4s to 2.40 F&A 3.65% March 1, 1950-1954. 2Kb Sew dist 1947-56.A&O 3s 1963-1972 opt 1955-A&0 3 Ks Mun Water Retire 1963-1972 opt 1955.A&0 2K8 Sewer Disp *47-'56A&0 Moffat )ffa Tunnel Imp D— 5 Ks 1944-1963 —J&J 5 KB 1947-1956 J&J 5 KB 1964-1973 J&J Calif Toll Bridge Authority— San Fran-Oak 4s 1976.M&N East Contra Costa to 2.25 0.25 4Kb Water 1962-1965.J&D b 2.25 8 D No 1 4Kb 1941-53.J&J b 0.40 4s July 1941-1945 0.60 J&J 101K 101K CALIFORNIA 4Kb Univ Bldg Jan5'41-65 J&J 2.15 4Ks Highway 1940-48-J&J30 133 F&A 139K 2.20 4Ks 1941-1947 4Ks Olympiad 1940-71 ..J&J2 F&A 112K 1.50 4Ks 1941-1952 119K 1.50 4s Harb Imp 1985 opt "50_ J&J J&J2 134K 2.30 5s Jan 2 194L-1943 4s Jan 2 1944-1948 J&J2 101K 0.40 0.50 2Kb State H'way '40-'54-J&D 38 warrants 1940-1951—-J&D b 0.50 2.20 2Kb warrants 1952-'54 J&D 0.40 2s Highway ref, 1940-'47_J&D Colorado Springs— Ref 1Kb 1940-1943—-M&S 6 0.40 Denver (City and County) 1.10 4Kb Water 1944 J&J 0.40 4Kb Ref Wat 1940-67.J&D 102 1.50 100 K to 2.85 COLORADO b 3.25 4s 1940-1964 to 2.75 to 2.90 0.50 102 5Ks 1955-1965.--;::::::: & 3.70 less K 035 to 2.90 102 1.90 0.85 to 2.90 0-40 CANADA—See 102 b 2.00 4s 1958-1960 to 1.40 102 102 103 4Ks Fund 1941-1950-M&N Is water Rev 1940-76.F&A b 3.25 Little Rock S D 4s '40-'55 M&S b 3.25 J&J Philippine Government— 4s reg Dec 1 '46-'26.MJSD 4Ks July 1 & 15 1952—J&J 4Ks Oct 1 1959 A&O —— 101K 101K 101K 101K 101K 100K 100 K 100 H 96 K 99 K 99 K to 2.70 2.70 San Joaquin Co 5s '40 '49.J&J Santa Barbara 5s 1491—JanlO Little Rock— J&J J&D /. _ 101.13, 101.15 Diego 5s W W '43-'54A&0 5s School 1941-1968—F&A 1 3.00 J2&J2 4Ks gold Aug 1943 Turlock Irrig Dist 6s 3s 1949Jan. 3s Attorney Gen opt 1944 3s Rose, Hemingway opt 1944 Hot Springs 4Ks '40-'50-M&S 101.3 to 3-35 Ref 4s 1946-1986 Modesto Irrig Dist 6s 37 J&J b 5s 1968-1977 4K-4s 4K-4s 4K-4s 101.4 to 3-35 San - 5s 1954-1960 5s 1961-1967 to 2.25 to 3.00 Electric Plant Revenue— Ref 4s 1940 to 1975.J&D 6 0.75 3 KB 1940-1977 J&D 6 0.75 3.15 3.20 103 K 103 K 0.70 4Ks May 15 1942 M&N 4Ks Sept 15 '50-'40—M&S 4Ks Oct 15 '56-'46 A&O 4Ks Nov 15 1956 M&N 4Ks Nov 15 1958 M&N Honolulu (City & County)— 3Ks Sept 15 1946 M&S 5sjDec 15 '55-'45 J&D to 3.05 3.30 & 3.40 5s 1943-1948 5s 1949-1953 ield. M&S to 3.25 2Kb 1952-1953 101.18 101.24 101.6 101 102.13 to 3.15 0.75 3s 1940-1968. J&J Sacram'to Co 4Ks '40-'46 J&D 3.25 3.40 1.00 1-50 ARKANSAS INSULAR 100 3.10 3.15 Phoenix Un H S D 4Kb 1948 b Prescott 5s 1948 J&J b Tucson 5s Water 1950 J&J b TERRITORIAL AND • 101 b 2.00 b 3.50 b 3.50 6s Jan 1 1946 5sWW 1941-1950 100.18 100.20 101.10 101.8 H% Jan 15 1942 to 3.20 0.75 of Southern California— Colorado River Waterworks Ref 4Kb 1948-1977-F&A 6 2.60 to 3.35 104 K 103 K Ref 3Ks 1978-1987-F&A 107 Highway 6s Jan 15 serially, b Co Ct H'se 4s 1940-48 J&D b Phoenix 4Kb '50 opt *30-J&J b 4Kb 1941-1956— J&J b 105K 105K 106K 111K m to 3.20 0.75 Metropolitan Water District 105 K 104 K 0.75 - 107 to 3.75 School No. 1 5s 1945-.-J&J b 3.25 100.19 100.21 100.4 100.2 Bonds Loan Is July 1 1942 UiS Housing Authority— IK % notes Feb 1 1944— 4Ks highways 1952 4Kb 1956 and 1959 4s renewal July 1,1956 82 K to 3.30 Maricopa County— 101.14 K% Nov 1 1941 5s Feb 1 1952 to 3.20 ARIZONA 104.19 h % notes July 20 1941.. 5sJune 15 1955 to 2.50 108.2 101.12 B0^08 M&y 16 '43 opt *39 3s[Dec 1 1948 4.25 2-50 4s 100.22 104.17 to 3.20 to 1.80 .3.K 1940-54.—--—.J&B 6 0.75. to 3.10 3 Ks ser A 1941-1977-J&J & 100 to 103 3 Ks ser B Jan 15 '77 J&J 103 K 104 K 3 Ks 1948-1958 J&D 6 2.65 to 3.10 % 2sI940-1942 A&O 100 iol' 3s 1943-1949A&O 100 Los Angeles City High Sch Dis o 3.25 5 Ks Nov 1940-1960--M&N 0.75 to 3.20 5s 1940-1964 F&A 0.75 to 3.10 4s 1940-1961 J&D 0.75 to 3.00 3 Kb Jan 1 1941-1960 0.75 to 2.75 Los Ang Co 4 Ks '40-'49_ -F&A 43 5Ks serial 4Kb 4Kb 101.24 M&S 104.22 104.26 1K% Jan 3 1944 opt 40— Reconstruction Finance Corp Hawaii (Territory)— 1Kb Sept 1 1944 2.10s July 20 1942 2Kb July 10 1954 % .JL75 to 3.40 108.11 108.15 105.4 105.1 _ m to 3.15 To Net to 1.00 0.75 Tuscaloosa (City)— Federal Natl Mtge Assn— f to 3.00 to 3.90 102.26 M&N 108 to 3.00 99K 98 Tuscumbia refunding 1 % to4 % 1% Nov 15 1941 to 3.75 J&J b 2.50 Federal Home Loan Banks— 2s Dec 1 1940 101.14 101.18 2s Apr 11943 102.14 102.20 Home Owners' Loan Corp— 3s ser A 1944-1952..._M&N 107.22 107.24 * to 3.50 102K 0.75 0.75 4Kb 1940-1969 M&S 5s Municipal 1940-61.-F&A 5Ks Harb Imp *40-'61 M&N to 3.80 101.25 101.27 ^ 107 6s ref pub impt *40-'53 M&N 5 2.50 Tuscaloosa Co 6s Bridge 1941 b 2.00 5s Road 1957 M&S b 3-15 102.24 105.3 Gen fund 4Ks 1941-66 J&D Montgomery— 5s funding 1941-1966--J&J 4Kb Sanitary Sewer Jan 1*44 Montgomery Co 4Kb 1957-59 b 6s Road 1951 J&J b Morgan Co 5s road 1952-F&A b Selma (City) 5s-6s 1940-1955- b 2KB 1941-1952 J&J & 105-5 2Ks ser G 1942-1944.J&J 1 Ks ser M 1945-1947.-J&D Ks May 15 1941 Ks May 15 1940 Federal Land Bank — Farm 3s July 1 '55 opt '45—.J&J 3s Jan 1 *56 opt *46—-J&J 3s May 1'56 opt '46—M&N 3 KsMay 1'55 opt'45--M&N 4s July 1 '46 opt '44 J&J Commodity Credit Corp— K% Aug 1 1941 ——7 104 to 3.20 Ask 0.75 3 Ks Sch Dist 1941-61.-J&J Water Wks Refunding Rev 3 Ks 1943-1947—J&D-. b 1.25 2KB 1947 1959 J&D 6 2.25 to 2.65 4Ks June 1 1940-1948 b 2.25 5s School May 1 1945 105 4Kb 1940-1958 —J&D b 1.50 105.11 100.5 101.23 102.6 102.10 102.10 102.12 103.25 J&J LosAngeles (City) Concluded— 3K« Water 1940-1941-A&O 4Kb Water 1940-1970-A&O 4Ks Sch 1940-1944—J&D 4Kb 1940-1968 J&J 2.30 to 2.50 Mobile Co— 110.14 110.5 108.11 107.16 105.8 105.10 102.27 2s Dec 15 1947 J&D 104.13 2s Dec 15 1948-1950--J&D 102.31 3s Panama Canal 1961—Q-M 121 3s Conversions 1946 Q-J 111K 3s Conversions 1947 Q-J 112K U S Treasury Notes— 2.00 New ref 107.13 107.15 Dec Dec Sept Dec to 2.30 103 106 5s schools 1940-1947—J&J & Bessemer— K* June 151958-1963 J&D 105.31 106.1 2Kb 2Kb 2Kb 2Kb 2Kb 2Ks 6 1.50 b 2.40 b 1.25 b 2.60 or Bid Bonds Net Anniston— 2-KsScpt 15 1945-1947 M &S 108.30 109' 108.2 2Kb Mar 15 1948-1951 M&S 107.3 2 Kb June 15 1951-1954 J&D 107.3 107.5 2 Ks Sept 15 1956-1959 M&S 106.11 106.13 2 Ask Bid Bonds 4Kb 1942, 1946, 1949—.M&S 4s pub highway 1949-51-M&8 4s refunding 1941-1954-—J&J 3Ks refunding 1955-1965-J&J State Bridge Corp 4s 1940-1951 Bridge Auth. 4s July 1 1957— 120.2 120 Yield Basin To or Net also pa ge 19. Treasury Bonds— 4^8 Oct 15 1947-1952-A&0 3Kb 3 Ks 3 Kb Ask Bid Bonds preceding the date of issue Yield Basis Yield Basis Hartford— „ 1 Ks 1 1940-1,954 Ks 1940-1953 to 2.90 M&S 6 0.15 3 Ks Bridge 1954-1955-J&D to 3.10 4s to 3.15 2s 1940-1959 Water 1940-1949...J&D 6 0.25 to % 1.50,% t0-1:75i%75 to 1.50 % FEB., 1940] STATE Quotation* for all securities are AND as near as MUNICIPAL Yield Basis Bonds 4gricul Mtge Bk (Colombia) 26 M 6s 1947 F&A Certificates of deposit-— 23 6s 1948 A&O t 26 M 23 Certificates of deposit— 26 7s 1946A&O 23 Certificates of deposit. 26 7s 1947 —J&J 23 Certificates of deposit Akershus (Dept of) 4s '68 M&S Anhalt 7s to 1946 M&S /" 12 Antioquia Col (Dept of)— 14 Extl s f 7s ser A 1945—J&J Certificates of deposit.— 10 , to 2.50 6 0, to 2.50 to 1.25 1940-1944 M&N Middlesex County— 1Mb Bdge 1940-1955.M&N New Britain (Co)— 2s 1941-1951 F&A 4s Munic Bldg 1948—J&J *4%s School 1940-52.F&A 6 0.25 New Haven— 4 Ms Imp 1910-1952.-M&N .40 to .40 to 1.65 .40 to 1.50 to 1.00 to 1.50 6 0 to . 1.75 . s f 7s ser B 1945.-J&J Certificates of deposit— Extl s f 7s ser C 1945—J&J f. 14 10 14 10 Certificates of deposit... s f 7s ser D 1945.-J&J Certificates of deposit— Extl s f 7s 1957 1st ser.A&O Certificates of deposit Extl s f 7s 1957 2d ser.A&O Certificates of deposit— Extl s f 7s 1957 3d ser.A&O Certificates of deposit— 8s 1946 14 Extl 4mb Water ref 1950 F&A 2s 1940-1969 J&D .50 to J&J .50 to 2.00 (City)— 104O-1968.M&S Ms 1940-1971 A&O .50 .50 to 2.50 2.50 Norwalk Sower 3 Ms Sewer 1947-'70-J&D15 2s Incinerator 1941-59J&J15 Norwalk (T) 4mb 1942-J&D Norwich 4Mb 1940-1965-M&S 2Mb 1941-1959 J2&J2 2s P I Fund 1941-1959-J&J 2s 1941-1954 M&S to 2.50 to 2.25 to 2.25 00 A&O 1Mb 1940-1959 to 2.50 .50 .50 .25 0.75 25 50 10 ll* to 2.25 to 2.00 M&N M&N 6 0.50 1940-1961 (Town)— ♦4Mb Sen 1910-1965..M&N b 0 1Mb 1941-1950: A&O 5 0 Suffield 1Mb 1940-1959.. J&J b 0 Torrington 2 Ms 1940-*57 A&O b 0, Waterbury— 5s Water 1940-1971—M&N 6 0 5s Funding 1940-1943.M&N 6 0 4 Ms Sewer 1941-1955—J&J 6 0 3s Street 1941-1955 F&A 6 0, 2Mb 1910-1952 M&N 6 0 2Mb J25 to 2.25 72 95 m 90 91 83 83 81 to 2.00 7s 1948. to 1.25 on variaii i-aiauuam to 2.20 to 1.75 % to 1.75 % 0.50 1.10 1.75 0.50 35 1.00 26 32 22 to 2.10 to 0.50 20-year s f 6s 1950 ■ 6 1.00 6 1.00 6s stamped 196l._. 7s stamped 1952 7 Ms stamped 1947 101 75 "86" 102 2.75 1.00 Extl to 3,85 105 to 2.25 105 82 to 3.75 1.50 6 2.00 to 3.50 Marion Co Road 6s Feb 1 '52- 115 109 Miami— Certificates of deposit... „ 101M o . ™ ► 1.00 to 3.60 ► 2.75 to 3.50 92 96 — ~ % % — Orlando— Refunding 4s 1940-62.F&A 100 Orange County 5b 1944--J&J 6 3.00 to 108 2.75 J&J 6 3.85 M&S 6 3.10 to 3.90 6 2.00 to 4.00 4s 1961 Palm Beach (City of) 5s Pensacola 4mb ref 1941-_ 104 _ 6 3.10 &J 6 2.25 J&J 6 3.75 Pinellas Co ref highway 4b Polk County 5s July 1 1940 St Augustine ref 4s 1967 New refunding 3-5s . 100 _ 6 2.00 St Johns Co Road 5s 1946 Road 5 Ms 1944 M&S St Petersburg— 3.60 107 2.75 2.00 3.50 103 1.50 % — 82 85 71 106 74 108 106 109 Refunding 3-5s Oct 11972 76 Suwanee Co Road 5 Ms 1946— 6 3.90 Tampa— 5b June 1955 opt '25 J&J 99 5s W W Purch '40-72.F&A 6 2.00 4Mb Impt 1947 J&J 104 Ref 4s 1943-1965 M&S 101 78 3.75 % ___ 103 bo Connecticut, Earm loan 7s 1950—M&S15 Farm loan 6s I960.—J&J15 6s July coupon on I960.. Farm loan 6s I960—A&015 6s Oct coupon on I960... 6s A int ctfs 1938—A&015 Central Bank of Germany— 6s A 1952 .F&A 6s series B 1951 A&O Chilean Cons Municipal LoanExtl s f 7s 1960 ser A—M&S 7s assented 1960 M&S Chili (Rep) ext 7s 1942.M&N 7% assented 1942 Extl 8 f 6s 1960 A&O 6s assented 1960 Extl b f 6s Feb 1961—F&A 6s assented Feb 1961 Extl s f 6s % _ -M&S 6s assented Sept. 1961... Extl Ry ref 6s Jan 1961-J&J 6s assented Jan 1961 Extlsf 6s 1962 M&S 6s assented 1962 Extl s f 6s 1963 M&N assented 1963— Chili Mtge Bk 6 Ms '57 J&D31 6Ms assented 1957 8 f gu 6 mb Jne 30*61 J&D31 6Ms assented 1961.. _ West Palm Beach— Refunding 2-5s --- to 3.85 107 Ceara (Brazil) 8s 1947—J&D Cent Agricul Bank (Germany) Sept. 1961 100 62 b Basis 78 87 r. /Flat price, k Last sale, n Nominal. 53 M&S / 75M 21 16 16 14 14 101 % 57% 105% s f 6 Ms 1959 Ext s f 8s 1952 1955 Municipal Loan M&N Denmark ext 6s 1942 J&J Ext 1 5Ms 1955 F&A Trust rets 4 Ms 1962 A&O 15 60 59% 61X 60 62 41 43 51% 40 1254 14 m Voh 5 Ms Cust Adm 1940—A&O 2nd ser 5Mb 1940—.A&O Ciwtoms Administrations— 5 Ms of *26 70 m 70m ext 2d ser 1969 Dresden (Ger) ext 7s *45 M&N ; Duesseldorf 7s to 1945—M&S / Duisburg 7s to 1945—M&N / El Salvador (Rep)—8s A 1948 15 35 1939 A&O f — Extlsf 6Ms 1953 French Government— A&O f -A&O / GermanVxtf7as™49stam6pA&6 * 7s "Coinm "Bks (ConAgrIx>an)6Ms*58 j&D / f Graz(Mun)Austria 16% Guatemala 8s Haiti 15% 13 15 10 25 1 3 6s 1968.._F&A/ 1948—..M&N/ /Pep) 6s extl 1953 35 35 13 15 14 14" 14 a&o 14 14 m 14 '14" 14" 15m 13 m 17 m 13% EAA f 2nd series 1949—F&A / tt Helsingfors (City) Finland— 8m 5m n% 8 2 15% 19% & 39 Mtg 7Ms 1961 ser A..m&N f 7Msjeiser B($bds)M&N l^ry (King) 7M« '44.f&a f&a 11% 7% 20 20% 8% 7 11 9 2M 20M 18% / 23 20 10M 20 8 7% 7% 25% 69 1960.M&N (Kingd) extl 7s *51.j&d Prestito Redimibile 3 Ms 108 10 7rh Ste.h Italy 16M 23 % Extl s f 6mb 1960 a&o 22% Hessen. See Munich Bank Hungarian Cons Munic Loan ■ f 8 7Ms 1945 j&j / Extl b f 7s Sept 1946—J&J/ Hungarian Land Mtg Instit'n 4M% to 1979 15 49 44 70 Heidelberg (Germ) 7Ms'50J&J / ei enw Hepubhc (Greek) ^afc Works 8s 1952 a&o / Ext at 15 *90 Hamburg (State of) Germany Gold 15 iV 13m 13 m 13 m 13 m 13 m 13 m 13 m 13 m 13 m 13 m 13 m 13 m 12 % 12% 12% 12% 18 12 M 12M 1952.A&0 1957 13 m 13 m 12H 08^1946 a&o / 8% Hanover (City) Germany 7s*39 / 11% Hanover (Prov) Germany— 14M 13% "72" 12* 25 5 73 73 12 & 10 "7% 76 100 15x 6 72 72 12 112 108M 103M / German Cons Munic 7s'47 F&a / Cons munic 6s 1947—J&D / German Govt Internat— 5Ms loan of 1965 J&D / Prov Si* M&N/ 11M 7s ext of 1949 stamped.J&D 7s plain 1949--— Scrip German 10 64 12 ^•anWwtnon-Main (Germ)— 7s 8s'54M&N Gt Brit & Ireland—See British Greek Govt s f 7s 1964—M&N / 7s part paid 1964 M&N / Sink fund 6s 1968 f&A / 6s part paid 25 15m 12 X 70 70 11 Certificates of deposit / W* Estonia (Rep of) 7s. 42 1967 J&J gniand (Repub) 6s '45.M&S 42 m 78 1940 7b 1941-1945 43% *70 5 Ms of *22 ext 1961 2d series 1961 5 Ms of '26 ext 1st ser 1969 16X 12m 12 m . 71% unstamped 1949 13% 55 63 m Conversion Offer— Funding 3s 1946 61 10 49 38m r\ ,1953—._— F&A Danzig Port & Wat Ways Bd Extlsf 6Ms 6 1952—..J&J/ r. W 13% B-A&O ser }4m 10 75% 13 X erman 58 h lOlM 57 102M _ 7Ms ext 1941 stamped J&D 7 Ms plain 1941 60 16 — 39% 5 Ms 9 50 Certificates of deposit Ext) sec 7s 1948 J&D 112 100 79 89 88 ' Cauca Val (Dept of) Colombia 7 Ms 1946 A&O 118 Road bonds 5s July 11952— 14 F&A./ 78 f 4s $ bonds 1984.J&J 62 51 \lV° 7Ms 1949 / Czechoslovak Republic— Ext s f 8s 1951 ser A..A&O 76% . 62 M 55 _F&a 79m 81m Sec s f 7s 1967 J&J Stabil loan 7 Ms 1968.M&N Caldas Exts f 7Ms 1946—J&J Certificates of deposit Call (Colombians f 7s '47.M&N Callao (Peru) 7Ms 1944—J&J Carlsbad (City) s f 8s *54-J&J to 2.25 6 2.00 s 22 Bulgaria (Kingdom)— 112 6 2.00 M&N 44 37X J&J 15 102 M 5MsPubWksJune30*45J&D / 75% " 76 Extl 119 80 7X Readjust 4M-4Ms '77.M&S Ref b f 4%~4%b '76.—F&A re-adj4M-4Ms '76A&0 Ext re-adi 4M-4Ms'75M&N to 3.15 102 76 85 5 M&S A&O 6Ms stamped 1961 Scrip 16m 16m 76 _ "35" 75 M&N / M&N / °Pfc fxt1 sf5Ms *53 4 14 10 bud'pesmoityjesj'n'socoup^ 35 30 35 F&A 17 36 Buenos Aires (Prov)6s*61 M&S 76 112 / f / / Ext 4ms 1977——J&D Ext g 5s11949 21m 16% 15m 15m 21X 40 30% 43 f 7s 1951 §53 ?,4X8 49 '30M 35 0u£a ,(Rep) 5a11944—M&S 3% 3% 19 m J&D Victory 4s due 1976 Brit Hungarian Bk 7 Ms 1962 70 120 74 Duval Co School District No. 1 6s 1940-1955— A&O 6 1.00 Escambia Co 6s Aug 15 1951100 Gainesville 5Ms July 1940— 6 2.00 SMs July 1941-1975 6 2.25 Hillsborough Co 5s Oct 1 1943 103 Hillsborough Sch Dist No 4109 Tax free In J&J M&S - Special Tax Sch Dist No. 2 Ref 4s 1956-1967—M&N 99 Ref 3Ms 1940-1947.— M&S 100 Duval Co Road 5s 1955 A&O 6 3.05 • 4m 3m 3k 3m 6s 1940M&S Brisbane (City) Australia— 30-yr b f 5s of 1957 M&S S f 5b 1958 F&A to 2.10 1 V Funding 5s 1951 35 4% Funding 5s 1931-1951.A&0 Funding scrip Bremen (State) 7s 1935--M&S to 2.10 110 28 " 6s 1940 A&O Brazil 8% ex 1941 J&D 7s Cent Ry elec 1952..J&D Extlsf 6Ms (1926) *57.A&O Extlsf 6 Ms (1927) *57.A&O to 1.10 65 116 20m -A&O Extl 7s 1958 Extl sf 7s 1969 1.75 to 1.85 to 1.80 to 1.90 to 19m 35 British 4b 1990 opt *60. _M&N War Loan 3 Ms of 1932 Ref 3-4 M-6s Jan 1 1964 sec s Danish Cons 13 it* 7s Oct 1947 to 1.90 WO C<fta1949 Pac Ry Ema 5s "22" Certificates of deposit Bolivia (Rep) Ext 8s '47 M&N to 1.25 99 % 93 % Extl b f 6Ms 1947 A&O 19m Bogota (Mtge Bk) 7s May '47 26 Certificates of deposit / 22 to 1.25 1958 J&D . a&C 6 0.50 5s 99 90 103 6s June 15 1958 1.75 % FLORIDA 1952-1953. 43<i«..» Certificates of deposit to 4s 1942-1948 Refunding 5s Jan 1 1964— Miami Beach— 5 Ms 1940-1950 M&N Ref 4Mb non-opt 1947-56— New Smyrna— —U 9 17 76 Ctmchnamarca Dep (Colombia) A&O / UK J&Di / Bogota (City) extl 8s *45-A&O .00 4s 1940-1941 5s / s Extl Bf 7s 1955 Berlin 6Ms 1950.—- % to 1.35 5s July 1 1941-55. mhairen 5a Juno Ulif %tl M&n „ g 4 Ms 1953 Cordoba (City) Extl s f 7s 1957 F&A 7s stamped 1957 External s f 7s 1937—M&N 7s stamped 1937 Cordoba (Prov) Argentina— Extl s f 7s 1942 J&J Costa Rica (Republic)— Ext 15 16 M 40 «. M&N / Certificates of deposit... / Belg Govt extl 6 Ms 1949 M&S External s f 6s 1955 J&J to 2.30 f 22 / 72 _ Extl to 2.30 of deposit 29% Funding 4s Jan 1 1946 Colombia Mtge Bk— 20-yr s f 6 Ms 1947 A&C / 26 Certificates of deposit / 18 Sinkfd 7s(of 1926) *46 M&N / 26 Certificates of d< * 10 Sinkfd 7s (of 1927) Certificates of deposit... / 18 *U A&O/ A&O / Certificates 30 A&O 6 1.25 A&O 6 0.30 5 Ms 1945 1950 6s 1940-1950 M&S s f 7s 1951 .J&J / Bank of Colombia 7s *47.A&O / ft Jacksonville— 5s Jan 15 1941-45—J&J 15 5 Ms Jan 15 1941-45.J&J 16 Refunding 2.60s Jan 1 1957 Lakeland new refunding Water & Light 5Ms 1940-50 Leon County 5s July 1 1940--- 6% 12 "JE 13 M 13% Government— Cologne Germ*y "gmvooim&s / 11% Colombia Rep 6s 1961 -J&J/ 29% Certificates of deposit f 22 to 3.00 6Mb 1940-1944.--— J&J 0.25 Sussex Co 6s 1941-1970 J&J 0.50 4mb 1940-1953 a&o 0.50 Wilmington— 4mb Bldg Con '53-*62 M&S 6 1.75 4Mb 1940-1958 (g-a).-a&0 6 0.30 _ 90 90 Baden extl to 2.00 DELAWARE Coral Gables— New refunding 2m-5b 1977. Dade Co 5s Oct 1947-54.A&0 86 to 1.75 to 1.50 _ 1955.J&J15 to 2.25 4Mb Mar 15 1940-49—M&S 6 0 West Haven (School Dist)— ♦4Mb 1940-1956 M&N 6 0 Windham (Township)— 4s 1941-1952 J&J 6 0 2Mb 1940-1953 —J&D 6 0, Brevard County School Tax Districts No. 1 & 4 RefundColumbia Co Road 68 1955 6s stamped 1931 81M to 1.25 5s 1947-1949 83 X 83 m Extl 4Mb 1956—-M&N Austrian Govt 7s 1957 J&J, 2s Relief 1940-1944—M&N 6 0, West Hartford 4mb 1943 J&D New Castle Co— It* iK 25K II* Australia (Commonwealth)— Stamford 2M« April 1 1940-1947 2Mb April 1 1948-1957 2Mb April 1 1958-1966 1mb highway 1941-1979._J&J Kent Co 4mb 1945-1950-M&8 25 15 25 15 25 69 Extl 5s July 15 Extl 5s 1957 6% notes 1931 Chinese 15 53 _2% Treasury notes 1948— to 2.25 Stamford (C) 4s 1942 1962 Oct 1961 S f extl loan 4s Feb '72.F&A S f extl loan 4s Apr *72. A&O to 2.25 .75 69 Ash 12% 12% / 12% / 12% J&D / 13 J&D / 15% 28 Antwerp (City) extl 5s *58 J&D Argentine Repub— 4mb s f extl loan 1948.M&N Extl s f conv 4Mb *71-M&N to 2.75 .50 6s assented _ Extl 1.75 New London— 3 35 Bid Chili Mtge Bk (Concluded:)— S f gu 6s 1961 A&O / 6s assented 1961.. / 6s 1962 M&N 35 35 35 _ to 1.90 Bonds 35 32 ... 6 0, 6 0, 4Mb Funding 1940-*48-J&D 1MB 1940-1918 J&D15 1MB 1941-1954 32 _ _ to 1.10 or Ask rOREIGN GOVERNMENTS AND CITIES 2.00 1.75 Manchester *4%a1940-44M&N 6 0. Merlden 1Mb 1940-1943.-J&D 6 0, ls Bid Bonds Hartford (School District) ♦4M8 Northeast 1959. J&D *3 Ms South Sept 1955-M&S Hartford County— _ Yield Basi, or Ask 6 0. 93 the date of issue Yield Basis or Bid Metropolitan District 2 Ms Wat Sup '4077M&N 2 Ms 1940-1978 -J&J BONDS possible for the closing day of the month preceding "30" 95 70M 24 Specified 75" 18 25 20 Pub wks ext 7s B*47 m&S Pub 70 71M 50M 52M S f 6 Ms 1954 Extl b f 5 Ms 79 57 81 58 M unspecified —III" Ital Credit Consortium for" ^ Util Credit s f 7s'52J&J Japanese Government— f&A 1965——THAN Oriental Dev Co 6s'53_m&S Orient Dev Co 5Ms'58M&N 54 55 M 51% 51M STATE 94 MUNICIPAL AND quotations for all securities are as near as To Net or Bonds Ask Cities (ConclA 23 LWYV^UI?58...M&S f of deposit--- f Oertificates Lower Aust (Proy)7 Ms 5W&D Luneberg (City) 7s 1948-M&N 9% 8% f 10% f 12 11 11% 9M Silesia f f ors 1954 ..——J&D / Oertificates of deposit— / Mendoza (Prov) Argentina-7 Ms extl s f 1951 J&D Stamped --J&D / ¬ 1954-J&D Metrop Water Service— 4s extl readj $ bds 14 — 81 76 74M —- MSif 1945 5s assented 1946.. ---- * 1% ff X% 1 ^ ""lM % - 1M 1M 49 M 48 6Ms 52-A&O / 8% 8% Extl 6Hs 1959 ser A--M&S f Montevideo (City) 7s 52-J&D f 44 M Extl ■ f 6s 1959 ser A.M&N / 41% / 35 Mtge Bank of Demnark— 39M Exch s f 5s 1972 ser IX J&D Municipal Bank— / 12 Hessen 7s. to 1945 F&A National Bank of Panama— 4s ser A & B 1946-1947 / 58 4s ser O & D 1948-1949 / 50 New South Wales (Australia)88 M 6a extl s f 1957F&A 88 r Extl s f 5s 1958. .——A&O Met Wat Serv & Dr Board s ::: 15 M 86 89 36 M 38M 53 M 17 M 52 16 M 52 M 52M 52 M 50 19 49 % f 38M 35 42% 8M 5M ~~8M 5 Westphalia—See Prov Bank Wurtemberg 7s to 1945.M&N 12 55M .J&D 57 CANADA — (American Dollar Quotations) _ A&O S f 5 Ms1950 — «... ------ 90 90 70 65 Norway ext 6s 1943---.F&A External a f 6a 1944—F&A is extl sk fd 1956—M&8 4)48 extl sk fd 1905—A&O 65 Sk fd ext: 4s 1963 F&A Norway Municipalities Bank Guar a f 5s 1970------J&D 76 Nuremburg extl 6s 1952.F&A / 11 Oldenburg (Free State) 7s 1945 / 12 Oriental Devel—See Jap Govt Oslo a f extl 4Ms 1955---A&O Panama (City) 0 Ms 1952 / 45 Panama rRep)ext5Ms'53 J&D/103% M&N / Extl a f 5s 1963 Stamped / 69 M 30 f 9M 7a 1958- / Brazil M&S/ Peru sec a f 7s 1959 M&S / 10 9M Nat Loan extl 6s 1960-J&D / 9M Extl s f 6s 1961-—A&O / 8% Poland (Rep of) 6s 1940-A&O / 7 4Hs assented 1958—A&O Stabilization s f 7s 1947 A&O / 13% 7% 4Ms assented 1968--A&O 6^o scrip Parana (State) . Brazil Dominion of Canada 90% — 91 — 86MI 67 85 17% I04M 80 79% 40 10M J&J / 1963 J&J Dollar funding 3s 1956-A&O Porto Alegre (City) Brazil— Sinking fund 8s 1901—. J&D S f 40-yr 7Ms 1960 J&J 7a 1968 F&A Prov Bank (Westphalia) 6s '33 4 Ms assented - 6s 1936 5s 1941 - / / / / 7 6 5 8 8M 7M / 13 / 10 8 / Prague (Greater) City— 7 Ms loan of 1932-52.-M&N / 11 Prussia 6H» 1951—-M&S 15/ 11% 6a 1952 A&O / 11% Queensland (State) 7a *41 A&O 100% 95M Ext g 6s Feb 15 1947 F&A15 7% 7H Extl s f 6 Ms 1953 F&A / 7% «Ms 1959 / 7 0a 1933— / Rio Grande Do Sul (State) Brazil ext a f 8s 1946—A&O / 8 7s extl a f I960.—-M&N / 8 Extl a f 7s 1967——J&D / 8. Extl a f 6s 1968——J&D/ 55% Rome extl s f 6M» 1952—A&O Rio de Janeiro 8s 1940—A&O / — Roum&nla (Monopolies) Institute ta 1959 F&A / Feb 1937 coupon paid / ussian 6Ms June 18 1919—. / 1921 5H% ext loan D* aar bracken Extl ■ f 6s > 8% 7% % % J&J / 12 / l8% 14% 12% 102., 97% 8% 8% 8% 9% 9% 12% 9% 60 — Oatharina (Brazil)-8a 1947 F&A/ in Paulo (Brazil) State of—- 7M 8% external loan 1936.J&J / 15M Extl 8a 1950 J&J / 9M Extl 7a 1956 M&S/ 8M Extl s f 6s of 1928. 1968 J&J / 7M Sec a f 7a 1940 A&O / 29M inta Fe (City) Arg Rep extl 7a 1945. A&O / 76 4a 1945 stamped-——-A&O f 75 jata Fe (Prov) 7a 1942-M&S / 97M 4a Stamped 1942—— 80 4s 1964 74 - ntander (Dept) Colombia Extl a f 7a 1948——-A&O 8 Basis, f Flat price, / 19 k Last sale 55 55 57 37 54 53 53 53 55 55 55 53 96 96 99 94 5s ■ f 1955 & 1960—-A&O Halifax N S 4s July. 1945 5s Jan, 1951 J&J Hamilton— 4s Elec L & P1941 A&O Lachine P Q 5s 1954 J&D Manitoba (Province of)— Debenture 6s 1947 A&O 73 80 90 90 100 80 85 83 87 93 72 73 8% 9% 9% 9 30% 79 76 84 81 85 80 89 84 80 J&D J&D -J&D 90 83 84 5^s 1942— —M&S S F deb 5%b 1958——J&J 89 83 M&N F&A J&D 81 85 76 J&D 71 79 79 75 75 76 -F&A 70 82 85 87 81 89 84 81 84 4 Ms May. 1954 78 95 80 80 81 81 M&N 105 106 1950 M&N 1952———J&J Debenture 5s I960——J&J 4Mb 1955—— M&S 4 I960 A&O 4Mb aon call 1958-M&N 15 4Mb s f Apr 15.1901 A&015 Debenture 4s 1947—M&N Sf deb 3 Mb 1948 A&O 3 Mb sf deb 1946 J&J 3s s f dsb 1941————J&J 5-yr 3% debs July 1 1944. . 10-yr 3M% debs July 1 1949 North Vancouver 5s '60--J&J 85 85 95 93 93 89 78 75 t 75 78 > Commissioners— 20 Nova Scotia (Province)—; Deb 5s 1960 M&S Deb 4Mb Sep* 15'52 M&gl5 Deb 4Mb n Nominal. 1960 M&N 15 66 90 93 97 93 92 89 94 90 89 86 80 80 92 91 to ... 5s Water 1941-1951 90 94 85 85 85 89 88 88 — —J&D 85 95 to 2.00 &2~50" "2.25 — 6 3.50 .... 6 2.20 to 3.75 2.00% J&J 6 1.25 —J&J 6 1.25 to 2.25 6 1.25 to 2.25 6 2.10 2.00 2.25 4MB 1940-1950 Ref 2 Ms 1940-1967—J&D Augusta 4 Ms Flood '42—M&N Bibb Co 4 Ms 1948-49—M&N Chatham County ' Road 4 Ms 1940-1949-F&A Clarke Co 5s 1941-1944— -J&J 6 2.30 6 1.25 6 1.25 Columbus 5s 1940-1944—J&J 6 1.25 Crisp Co 5s '40-'57 F&A 6 3.00 Dougherty Co 5s '40-*48 M&S 6 1.00 - Muscogee County Road 4Ms 1940-1956—A&O Pulaski Co 5s 1940-1948—J&J Savannah 4Msref 1943—J&J 1.25 1.50 1.50 2.00 2.50 1.50 1.25 4Ms Drainage 1944—F&A 4 Ms Refunding 1959—F&A 2 Ms 1943-1967 J&D15 Spalding Co 5s 1941-'49—J&J Swainsboro 6s 1940-50--A&O 6 2.50 Jan 61.25 Ware Co 5s Road 1940-49 J&J 6 1.25 Woodbury 6s 1940-1949-J&D 100 Valdosta 5s 1941-1942 IDAHO 4Ms ref 1940-1945 4s ref Jan 31 1941-1941 to 2.25 to 2.25 to 2.20 to 2.10 to 3.25 to 2.75 to 2.25 to 2.60 1.25 1,75 to to to to to to 2.25 2.25 2.50 3.00 1.50 2.50 105 A&O 6 1.00 to 1.50 Amer Falls Reservoir Dist— 6 2.50 6s Oct 1 1940-1944 Boise City 4 Ms 1951. J&J to 3.00 f. Boise City Ind Sch Dist No. 1 Sf deb 5 Ms 5 f debSMs inta - 89 M 103 M 87 M New Brunswick— / 16 5s 1940 & 1941 var 5s 1945 & 1946 var— 5s 1950 & 1951 var 6s Jan 15 1970 J&J14 89 88 103 4Ms Jan, 1944 —J&J 4 Ms 1940-1951 A&O 15 4 Ms June 1, 1971 J&D 4s May 1,1944——M&N Metrop Co 4Ms *53,'54&'61 4Mb May 1. 1965—-M&N 14 scrip 75 72 88 87 85 93 77 78 78 1969 4.25 91 Appling County— 53 51 94 5s Nov 1. 99 90 Road 5s 1949-1953 Athens 4Ms June 30 1943 Atlanta— J&D Harbor 125 to 100 84 95 90 90 22 80 97 100 97 M 4%b 1940-1940 J&D 29 4%b 1947-1956 -J&D 29 4%8Bt deb Jan 23 '69 J&J23 Calgary 5s July 1,1945—J&J Edmonton (C) 5s '45&'50A&0 Me 80 92 103 86 55 55 3 Ms sf deb 1949 80 78 101M 81M Montreal 5s Dec 1, 1945-J&D 5s g f Nov 1, 1956 M&N 9 to 108 115 102 102 63 96 % 53 — to 101 Albany 5s 1945 —A&O 4^s Jan 15,1957 J&J 4%b July 16. 1958 J&J 4%b Apr 1, 1961 A&O — to 60 Toronto 6s 1940———..J&J 5s 1940-1950.—J&J 5s 1950-1959. J&D 4Mb 1940-1945— A&O 4 Ms 1946-1961 A&O 4s £ July 1 1948 J& J 3Ms July 1 1944— -J&J Vancouver. (B C)— 5Ms 1952 —F&A 4 M« ref 1940-1945J&J 6 1.00 2s Highway Pef Mar 15 '47— 56 4%b 1945 43^8 1951 4%b 1956 4s 1957 to 72 82 54 5s 1959 85 94 105 * 67 M&S M&N15 81M 86 M 56 5s 1943 5s 1944 8 87 63 63 ------- 4 Ms Mar 15 1960 4s Nov 15 1957 80 84 Brit Col (Prov) 5s '48--J&J 15 5s Apr 25. 1954—A&O 25 80 69 84 Deb 4 Hs 1950 10% 80 68 79 M 86 J&D 10L 97 M 97 M (non-call)——M&N 4Mb July 2 1945 J&J2 82 M 76 56 56 4Hs Junel. 1967 Debenture 4s 1954 Hydro Elec Pow Com— 90 4Mb Jan 1. 1970—J&J 2 Ottawa City 5s *40 '45 J&J 102 6s Munic Imp *40-'50—J&J 102 100 5s July 1. 1940-1950—J&J 100 4Mb 1940-1944 J&J 4 Ms 99 1943-1960 J&J Quebec (Province)— 76 8-yr 2 Ms 1944 M&N 75 15-yr 3s 1951 M&N 77 3 Ms 1949— J&J 77 3 Ms sf deb 1952— J&D 89 3Ms,s deb.,1953 J&J 94 4 Ms 1961 ——M&N 5 F 4 Ms 1946100 J&D 97 4Mb 1956 —J&D 3s serial July 15 1940-1959— 6 2.00 Quebec City— 88 5s S F (non-call) 1960-M&N Saskatchewan (Province)— 72 5s 1943 (non-call)— J&D15 78M 78 70M 84 M 76M 4%b Jan 15. 1942—J&J 15 8% 8% 6% 95M 68 84 82 M 93 92 54 11 99 95 M 4Mb 1942 and 1987—F&A Verdun deb 5s 1954 Winnipeg. Man 5s 1944.-A&O 4Mb non-call 1944—M&N 4Mb June 1 1940 J&D 4 Ms June 15 1960—J&D15 4s Aug 1 1946-.—..F&A15 GEORGIA 54 5s 1950Gold 5s 1959— 2 8a ctfs of deposit 1948--. / 8a 1948- 81M 93 M 83 M A&O 15 A&O 10M 9*A 95A (Mtge Bk) 6s ser A '47 J&S / 10 6sseries B 1947A&O/ 10 ilvador 7s 1957— -J&J / 8M Certificates «' deposit—/ 7% 4s 80 M 81M 80 M - Hrr.a^y 1953— 81 78 78 M 79 M 92 M 1% notes 1941....—-M&S lMs 1942 —M&N 2s 6-year 1944 J&D 2%b Jan 15 1944 J&J 8-yr 2 Ma 1943 J&D 7-yr 2 Ms 1944 M&N 10-yr 2 Ms 1945F&A 20-yr 3s 1955 -J&D 3s 20-year 1958 J&D 3s perpetual _M&S 3s Jan 15 1967. J&J 30-yr 3s Nov 15 1968.M&N 14-yr 3Ms 1951— M&N 25-yr 3%b 1961 opt '56 J&J 15-yr 3Ms. 1949-A&O 20-yr 4s 1952 A&O 30-yr 4s 1960 A&O 15-yr 4Ms 1940 M&S Refunding 4 Ms 1944.A&O 5s Nov 15 1941——M&N Refunding 5s 1943 A&O 5s May 1952 M&N Alberta (Prov of)— Gold 5%b 1947 J&J Gold 5Ks 1952 A&O Gold 5s 1948 J&J - 72 Pernambuco (State of) Extl s f 7s 1947— External 8s 1950 — W ::: Wi 101 101 102 4MB 1955 43 M 41 5 - F&A 6s 1959 Venetian Prov Mtge BankS f 7s 1952 ser A A&O Vienna (O) extl 6s '52—M&N Warsaw (City) 7s 1958.-F&A 4%s assented 1958-—-F&A —- 48 % 48 M Yokohama extl 6s 1961 "54" 99 99 100 80 Warsaw (Land M Bk) 8s 1941 ~"X9% May 15.1940-43.M&N 15 92 105 101M 101M 100 100 v Net 105M 104 M 89 103 2 Ms 1944 47 M or Ask 77 77 83 12 45 M external conversion 19793 34-4 M-4 5-16 % extl Conv s f of '37 1978-J&D 4-4H-4%% extl readj M&N M&S 4Ms Jan 15. '41-*47-J&J 15 4Mb Jan '15 '48-'57_J&J 15 4 Ms 1940-1970—.M&N 15 4s 1941 M&N 4s May 15.1944-57-M&N 15 4s May 15.1958-68-M&N 15 Debenture 3s 1950 M&N Debenture 3s 1949 J&D 2s 1940 F&A 47 M 1937-78 F&A 3%a extl re-adj 1984—J&J Conversion scrip % % f f f 6s 1964-——M&N bonds Treas 0 % notes £20 pieces £100 and £200 pieces-- - —- % % £100 and £200 pieces—— f 23 ext to '33 s 3%-4r4%% ($ bds of 1937) external readjust 1979 3M-4-4M % (8 bds of 1937) % 4s of 1904-1954J&D I 4s assented 1954..--J&D / Extl ,4s of 1910 (£20 pieces) f Milan (Italy) ext Sydney (City) N S W— 25-yr s f 5 Ms 1955 F&A Tokyo (City of)— 5s of 1912-1952——M&S Extl s f 5 Ms 1961. ——A&O Tolima (Dept of) 7s '47-M&N Uruguay 8s ext 1940 F&A Extl a f 6s 1960 M&N / Extl gtd 4Hs 5s 1959 4 Ms 1944— 5 * (May * 14 coup on) '43 M&N Stamped assented—— Ontario (Prov) 6s '43—M&S15 5 Ms 1946_J&J 5H F&A f To or Bid Bonds Net 4s 13 \m . See New South Wales. Mexican Irrigation s f it* J&D 1st mtge s f 6s 1947 25 8 17U 4Ms assented 1958 J&D Silesian Landowners Assn— 25 8M Poland— Extl sf 7s 1958 16M 13% 10 12M 10 (Prov) 16 20 T7H Extl sec 6s 1943 M&N Saxon State Mtge Institution Sink fund 7a 1945.—J&D Sink fund 6 Ms 1946—-J&D Coll sf 6s 1947 _M&S Serbs Croats & Slov (King of) Extl 8s 1902— —M&N Extl 7a 1962 aer B...M&N 14 f Certificates of deposit — 18 Ask 15M 15M 8Vs Sao Paulo Brazil 8s 1952 M&N Extl s f 6 %s 1957-M&N 15 31 To or Bid Bonds foreign Govts. and Jugoslavia (Kingdom)— 29 Funding s f 5s 1956---M&N 21 2d ser funding 5s 1956 M&N State Mtge Bk 7s 1957-A&0 / 17 Leipzig (City of) 7s 1947F&A / 11% Yield Basis Yield Basis Yield Basis Bid BONDS possible for the closing day of the month preceding the date of Issue 90 M 92 89 89 98 96 96 92 M 94 92 78 78 80 82 89 92 88 85 p 82 85 20 101 96 M 95 104 98m 98 4 Ms June 301940-1954-— 6 1.50 ILLINOIS 4Ms Serv Comp *40-*43-Aug 1 4Ms Serv Comp '40-'43-Aug 1 4 Ms Serv Comp *40-*44_ Aug 1 4s Highway 1910-1943-May 1 4s Highway 1945-1954—M&S 4s Highway 1955-1958..M&N 3 Ms Emerg Rel '40-'47 Dec 15 3 Ms Emerg Ref '48-*54 Dec 15 Bloomington— 4 M® 6 0.25 to 0.90 6 0.25 6 0.25 to 1.00 6 0.15 6 1.00 to 0.90 to 0.65 to 1.65 6 1.75 to 1.85 6 0.30 6 1.40 to 1.30 to 1.75 Water 1940-1961 opt 1952 M&S 6 1.50 Champaign 5s to 2.50 Road to 2.60 County— 1940-1943 M&N 6 0.75 to 1.25 6 0;35 6 1.40 to 1.25 6 0.35 to 0.90 6 1.60 to 2.00 Chicago— 3s 1941-1944— 3s 1945-1948 3s 1957 opt 1941-1942 3s 1956opt 1945-1949 Water Works System— — to 1.80 2.25 2.35 1.60 3s ctfs Aug 1 1954-—-— 2 M s ctfs Feb 15 1958-59— 3 Ms 1952 opt 3 Ms 1953 opt 3 Ms 1955 opt 1945— 1940 1.80 2.15 1951 to 1.25 4s 1945-1948-.—— 6 0.35 6 1.40 4s 1949-1950 6 1.85 to 1.90 4s 19414944 to 1.80 6 0.75 to 1.25 6 1.65 to 1.90 6 0.25 6 1.65 to 1.50 6 2.10 to 2.35 3 Ms 1955opt 1940 4 Ms 1954 opt 1944 Chicago Park District— 3 Ms 1956 opt 1940 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'55 .o 2.25 4Ms 1954 Board of Education— 3s 1957 opt 1941-1943-. 3s 1957 opt 1945-1947- - — to 2.00 t Feb., 1940] STATE AND MUNICIPAL BONDS 95 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Bonds Sanitary District— 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'54 Cook County— 4s 1950 opt 1941-1944 4s 1950 opt 1945-1947 4s 1950 opt 1948-1953 Elgin San It D 5s '40-'44.M&N Evanston S D No 70— 4 Ms June 1 6 1940-1948 Forest Preserve— 4s 1950 opt 1941-1944 4s 1950 opt 1945-1947 0.40 to 2.00 2.10 to 0.60 to 1.50 1.65 to 2.00 to 2.25 1.65 to 2.00 > 1948-1952 Granite City 4 Ms 1940-48 J&D Jackson Co 4 Ms 1940-40-J&J La Grange (Village of)— 3s Water rev 1942-08.-M&S Lake Co 5s Road '40-'49_F&A 2.10 to 2.30 > 1.75 to 2.75 > 0.75 to 2.00 2.00 to 3.00 > 0.75 Madison (Kings H'way Bdg)— 4% revenue 1904 J&D 102 River Forest S D No 90— 4 Ms 1940-1944 J&D b 1.00 Rockford S D No 205— 2.10s 1944-1958 F&A b 1.15 Rock Island (City of)— to 2.25 Bridge rev 4s > F&A 1964 4s to 2.10 102 5s b 0.75 2Ms Dec 1.1940-1958 2.10 % to INDIANA Elkhart 4 Ms WW '40-75 A&O b Evansvllle 4s ref 1942 J&J Fort Wayne 4Mb *40-'57-A&0 b Fort Wayne School Dlst— 5s Oct 1 1910 1943 b Gary Sch City 4Ms Oct 1943.. Hammon (City)— 4s O H 1942-1950-.-J&J30 b Indianapolis— 5 Ms Track Elev ,41-,47-J&J b 4s Fire Dep J'ne 1 '41-J&J 4hs 1941-1955 J&J 6 Indianapolis 9 D— 4s Blag Sept 1 1940—J&J 3 Ms July f 1941 J&J 1.00 to 3.50 1.00 to 2.75 1,00 to 1.75 4Ms 1.50 to 3.00 0.50 0.50 to 2.25 ho % b 2.60 5s 1951 opt J&J _J&J 0.25 less 0.25 4Mb W W 1940-42 6s Gen Oblia 1940 Des Moines Ind S D— J&D 0.50 J&J 0.50 0.50 Lake 1.30 less 1.50 less to 1.40 108 102 104 104 to 1,80 b 0.25 Sioux City S D 5s 1941 __J&J 0.50 less is Woodsy Co Fund 2Ms,42-,40 0.75 to 1.30 y2 % Soldiers' Compensation Bonds 1940-1952 J&J b 0.30 4s. 1953-1954 J&J 1.85 ' Kansas City 5s 1942 F&A 1 4 Ms Wat & Light 1944.J&J 4M» Imp July 18 '49—J&J to 1.75 A&O to 2.10 > 2.25 to 3.25 105 4Ms W W & Sew '40--54J&J b 0.50 4Ms May 2,1910-67-M&N2 b 0.50 to 2.00 J&J & 0.30 to 2.00 5s Dlst4Msl94l'54J&J.& 0.30 to 2.00 4s Sept 1, 1940-1953 M&S ft 0.75 4s Highw & Bdge '40-44 M&N 1.50 4s State Pier 1940-1942,.M&S ft 0.75 3 Ms 1940-1951 M&S 1941-1947.J&J b 0.40 to 1.75 Leavenworth Co 5s 1945 McPherson 4 Ms 1945 0.75 Reno Co 5s 1941 Saline Co 4Mb 1945 Shawnee Co 4Mb 1944 6 0.30 b 0.35 to 1.50 to 1.50 b 0.35 to 1.70 b 1.10 to 1.90 b 0.30 to 1.30 101M 102 102 103 102 101 101 102M 101M 101M 102 M 102 M 102 M 101M 102M 102 102 M 3.50 3.50 3.50 3.50 2.90 2.75 3.80 4.00 102 Lexington— Pub Wks Nat Recovery 4s 1941-1963 J&J b 0.50 City Hall 5s 1940-'55.F&A b 0.50 Louisville 5s 8ch 1902 A&O b 2.50 4Ms Hospital 1951...M&S b 2.30 1965 J&D b 2.60 F&J b 2.60 J&A 2.60 F&A 2.00 Lou W Co 1950.-F&A 2.10 Sewor 1905--. F&A 2.50 48 Jan 1 1970 J&J 2.55 3 Ms Ref 1943 J&J 1.40 3s Sew & Park 1941—-J&J 0.60 to 2.60 to 2.90 2.40 2.20 2.30 2.30 is 2.40 3.85 1.90 2.00 2.30 2.40 1.20 0.50 3.75 Paducah— 4Ms w w 1640-1970—A&O b 4.00 Warren Co 4Mb 1941-'59.J&J b 4.00 Portland— 4s C H '40-'45 tax ex__A&0 Portland Bridge District— 3 Ms July 1, 1940-1947 Portland Water District— 4s Funding 1948 J&D 2 Ms Water May 1 1953—South Portland Sewer Dist— 4s 1940-1950.,M&N WaterviHe 4Ms 1940-50 Westbrook 4Ms 1910-1948 .. Certificates of indebtedness— 3s 1940-1950. A&O 2 Ms 1940-1951 A&O 2 Ms June & Aug 15 '40-'52_ 2s 1941-1953 .F15&A lMs 1941-1953 F&A 15 1 Ms 1943-1955 .F15&A 1 Ms 1942-1954 F&A 15 3.90 3.90 4s Annex 1954 4s Parks 1955 4s Mar 1. 1901 4s 1945-1971 3.60 4s 1940-1944 4a 1956-1975 3 Ms March 1945 to 2.50 1.90 to 1.75 to 2.30 to 2.25 % I 1 to 2.30 % 2.00 % 3.25 % to 3 00 6 2.25 % % 2.25 % 2.10 % to 2.25 % to to 0.50 to to 3.00 to 1.25 6 0.20 6 0.25 to to 2.00 % to 1.35 to 2.80 % to 1.40 6 0.50 to 0.25 to 1.50 % 0.50 to 1.50 to 1.40 % % % to 2.25 to to 1.50 % 1.50 % to 2.50 to 2.25 6 0.20 % % to 0.60 % 1.75 % % 6 0.20 to 6 0.50 to 2.00 6 0.50 to 2.00 % 2.25 % 1.60 % to to 1.40 2s 2.50 -.,--11.60 ft 0.40 to 2.00.% 6 1.75 J&D ft 2.00 M&N ft 2.10 _M&S ft 2.15 1.90 % 2.00 % 1.65|% 2.05 % to 2.75 to 0.25 0.25 0.25 0.30 to 1.90 6 0.30 2 Ms to 0.50 % % to 2.00 % to a 1940-1949.. to 1.60 to 2.00 to to 2.10 to 1.25 to 2.25 to 1.69 6 0.25 to 2.00 6 0.25 6 0.20 to 6 0.20 to 1.50 6 0.20 to 1.59 6 0.20 to 1.90 to 1.50 to to 1.2 to 2. to 1. to 1. A&O 6 0.20 to 1. Wellesley (Town)— S 1940-1952 M&S 6 0.15 Winchester 3 Ms 1940-46 .J&J.6 0.15 Worcester (City)— 1 Ms Fundini h 1940-58—J&J'& 0.15 1M8 1940-1948 ..J&J 6 to . b 1.25 lMs relief 1940-48 A&O ft 0.15 2Mb Hospital 1940-49 J&J 6 0.15 i.io:% 2.20|% 1.50 to 1.75 to 1.50 to 1.50 to 1.60 to 1.10 % "" 0.15 % to 2.00 % 1.55 to 1.80 M&SAj0CT5^ to to 2.20 1.75 6 0.20 1940-1948..J&Dr§^:50 " to 1.75'% to 1.50 % to to 1.50,% 1.60 % MICHIGAN I 5Ms July 15 1941 J&J 15;ft 0.50 1.00 5Ms Oct 15 1941...—A&O 15 ft 0.50 s 1.50 % Highway 1943 .F&A ft 0.80 less 2.40;% less ' — s % % to 1.69 6 0.20 Walthara 2s Watertown— lMs relief 1940-48—.M&N 6 0.15 1 M 4s 1940-1949... A&O 6 015 H 1 1 to 1.00 M&S 6 0.20 1,^S119i0"1949 Of /o 1 2.25 % 1.75 % 2.50 to 6 0.15 6 0.25 3 Ms Water 1940-1960.J&D 6 0.25 2s sewage disp 1940-68M&N 6 0.15 1 Ms Relief 1940-1946. A&0!6 0.15 2s 1940-1949,. 2s 1.60 % to 0.75 6 0.30 M&S 6 0.20 Springfield— % 2.00 % to 1.90 6 0.30 3 Ms School 1940-1954. J&J 6 0.20 1 Ms Relief 1940-1946.A&O 6 0.20 2Ms 1941-1969-. J&J 6 0.20 2s 1940-1944,, M&S 6 0.20 1.50 % to 1.40 % 1940-1949.... Somerville— to 1.50 % to 2.50 0.60 0.25 3 Ms11940-1942 tax-ex M&N 6 0.25 2s 1940-1947 J&J 6 0.25 2s 1941-1953 F&A 6 0.25 Methuen (relief and sewer)— 2 Ms 1940-1953 M&N 6 0.40 lMs 1940-1949. A&O 6 0.25 New Bedford 4s 1957 J&J % % 0.50 0.60 to 2.25 % to 0.50 Medford— % 0.50 to % 3.00 to — to 1.50 % to 1.50 % A&O 6 0.25 % to 0.60 ... 2 Ms 1942-1969 A&O 6 Lynni 4s Sewer 194O-,50.,M&N 6 1 Ms 1940-1954 .M&N 6 1940-1941 A&0.6 Maiden 2Mb 1940-1958—F&A 6 Ref lMs 1940-1949—.M&N 6 % 1 00 —M&S b 2.00 % % % 1.60 % to 1.50 6 0.20 1.50 % 2Mb 1940-1947 A&O 2s 1940-1949,.. 2 30 % A&O lMs 1940-1944 A&O 3.25 Newton 2 Ms 1940-1969,. A&O N th Adams 1 Ms 1940-49M&N 2.30 % Northampton! Ms '40-59 F&A PIttsfield 4s 1940-1944...J&D 2.20 2Mb Dec 1 1910-1955.-J&D Ref 14*s 1940-1949.—A&O 2.00 % Qumcy 2Ms 1940-47 A&O 2.00 lMs 1940-1949 M&N Reading 1 Ms 1940-58 M&N15 Salem I'Ms 2.50 % 1940-1948—- M&N 2 00 M&S to to „ 3M8 Refunding 1952 J&J b 1.60 3Mb Sewage Impt '80-A&0;6 2.45 to 2.00 6 0.25 6 0.25 6 0.25 % % 1940-1947...A&O 6 0.50 t to 2.30 to ..M&S ft 1.20 4s Regls'd stk 1940-57 M&N 6 1.50 6 0.25 Lunenburg Water District— Annapolis 4Mb W W *42.A&O 4Mb Mar 1, 1940-'55-.M&9 4s Aug 1. 1951 F&A to 2.25 Lawrence (wat h'way & b'dge) 2Ms 1940-1958 J&D 6 0.40 Lowell 2 Ms 1940-1947 J&J 6 0,40 to 3.00 to 5s Gen Imp 1943-45—_M&9 6 1.10 5a Water 1961 A&O 5s registered 1946 M&S to 2.50 6 0.30 1% relief 1940-43.-M&N15 lMs water 1940-58...M&N Haverhill 1 Ms 1940-1951 J&D Holyoke 4s 1940-1950.—A&O to 2.70 ft 0 75 A&O 6 0.40 to 2.59 0.50 6 0.50 Framlngham— to 3.00 to 2.50 6 0.30 3.30 2.75 3.90 ft 0.75 0.25 0.25 to 2.50 to to 1.50 to 2.25 M&S 2.75 3.90 2.60 ft 1.00 6 0.50 F&A 6 0.25 F&A 6 0.25 2Ms 1940-1908—M 2 & N 2 4s 1940-1955 (tax-ex)_M&N MARYLAND Baltimore— 5s 1940-1961 (s Jan 1 1970 Sewer 19Q9_. Sewer 1947 Old Town Water District— 4s July 1952-1958....J&J _ 3.75 3.80 3.80 3.80 100 2s Improve'mt 1940-56 ..A&O ft 0.75 Augusta 4s Oct 15 1940-19550.75 Bath 4s Ref 1941 tax-ex.J&D ft 2.50 Belfast 4Ms Ref '40-'50 M&N ft 3.50 Brewer High Sch Dist— 4 Ms 1940-1945 M&N ft 1 00 Kennebec Water District— 4s Ref May 1, 1950.-M&N ft 103 Ashland-— / Flat price. ft 0.75 1.50 to 2.50 6 0.50 lMs 1940-1959 ..J&D 6 0.30 1 Ms Relief 1940-1948. .J&D 6 0.30 Fall River 2 Ms 1940-1940 J&J 6 0.30 _ MAINE H'way & Bdge '40-'54. A&O to 2.25 .75 lMs 1940-1948 M&N15 6 0.15 Everett 1 Ms 1940-1941.. J&J 6 0.25 1 2s G & E F&A b 0.30 J&D 107 Tensas Basin Levee District— 5s Jan 1957 J&J b 3.70 1 1940-1959 Chicopee 1 Ms 1940-1959 M&N Easthampton (hi'way & relief) 3.20 % 1.50 5s Dec 1, 1940-1969—J&D ft 0.50 to 1.90 Board of Education— Owensboro 5s Sewer % Shreveport— 4Ms, Ms 1 Ms 1940-1940 1 Ms 1940-1942 Chelsea 4s 1958 to 3.50 % 0s 1944 M&N » 2.85 58 July 1968 -J&J b 4.00 Red River A & B B District 5s 1950 Series B A&O b 3.40 5s Mar 1953 opt 1943-M&S b 3.00 5s 1965 Series D F&A 4.00 KANSAS Ref % % to 3.00 % 0.60 % 1.50 % to 2.25 1.25 0.50 J&D F&A 6 0.50 F&A 6 0.50 1940-1949,—— M&N 2 Ms 1940-1949, M&S Cambridge 2s 1940-1958.A&O Pentchartrain District— to 1.75 T—J&J 4Mb School Jan 1 1941-09— Henderson County— 4 Ms R&B Oct 1 '40 -'50 A&O to 3.10 • to 6 0.25 J&D 6 0.25 Is to 3.30 % to 6 0.20 Braintree 4sl940-1941,—.J&J 6 0.25 Brockton 1 Ms 1940-'48_.A&0 6 0.20 Plaquemine Parish E Bank 5s Oct 1952 to 0.20 to 0.60 J&J _ Orleans Parish Sch Board— 5s 1940-1944 J&D 5s 1945-1967 J&D to 1.40 % 101M 102 to 1.40 2M® 1940-1950 4MB WW 1941-51 J&J Fdg 1952 opt '42..F&A 2.90,% 106 107 % J&J . 2.00 % 100 M % % to 1.75 A&O VAs 1940-1959 __J&D Subway 2 Ms 1940-48,J&D Metropolitan District— 2 Ms ser A 1940-'58.M&S 2Mb ser B 1941-62..J&J 2Ms Dec 15 1940-1960... 2Ms Oct 1 1940-62—A&O --- to 3.20 July 1940-1949 J&J b 1.50 July 1950-1959 J&J b 3.10 4Mb Non-callable 1952 J&D b 3.30 to 1.90 to 275 1 105M to 58 to 1.90 to 2 Ms 1940-1944 2s 1940-1949., 3.15 % 105 M 105 % 1.90 % to , 2 Ms 1940-1968 2Mb Sept 1 1940-1956.M&S 2Mb 1940-1955 J&D % to 5s less to b 1.00 b 2.00 b 3.00 '42-J&J to 1.90 J&J 6 0.75 1 6 0.90 M&S 6 0.15 1943-1914. J&D 108 b 2.00 4s Mar. 1 1942-1964—M&8 b 2.00 Orleans District— to 2.00 less M 4s i 104M 3 Ms July 1 1953-1968—, 4s July 1 1940-1952 to 1.00 less M City 0s '40-'45.F&Al5 b 0.50 0s Ref Aug 15 1940—F&A15 b 0.50 4 Ms Sewer 1940-47-M&N b 0.50 4Ms8I'42. '47 & '52._M&S Bowling Green—5s 1955.J&J Covington 4Ms '40-'50—A&O 3.35 3.80 3.90 % 106 J&J Orleans Levee District— 3 Ms Ref 1940-1962.—M&S M to 3 Ms July 1 1945, 3s April 1 1940-1957 ~3~30 % 1940-1966 4s Pub Impt '52 opt 4s Pub Impt 1942 0.40 0.75 '0.15 1.20 % 48 Tun & Sub '59 tax-ex J&J 4s relief 1940-1953 J&D 6 0.50 3 Ms 1940-1951 M&S 6 0.50 3 Ms June 1 Borgne Dist Levee— 4 Ms serial gold 1961-80— 48 Constitutional 1942.J&J % 2.00 J&J Beverley 1Mb 1940-1948.A&O 4s Sub 1957 tax-ex 4s Sub 1958 tax-ex to 4.00 1.60 M&S Boston 4Mb Sept 11981 .M&S 4Ms Tun 1960 tax-ex.,A&O 4Ms Dec 1976 J&D 4s Tunnel & Sub 1948 J&D 101 — 4 Ms serial gold 1940-45 4M8 serial gold 1945-60— 0.50 to 2.50 1.50 Sioux Project No 12 1947 Project No 13 1953 Project No 141945 3.90 2.90 108 3.45 A&O to to 2.10 Is Pub Wks Feb 15 1940-1941 6 0.10 Hurricane & Flood Damage— M% 1940-43. M&N15 6 0.15 Arlington 4s'40-'42 (tax ex) J&J 6 0.20 2.25 opt 1959—F&A 15 2.90,% . opt '624.00 Lafourche Basin Levee— 5s 1950-1970 -A&O b 3.50 less Lee Co Prim Road 2M8-1948 1.50 Lyon Co 2 M" May 1 1940-47- b 0.25 Marshalltown— 4Ms Water 1940-1944.A&O b 0.25 Sac Co 2Mb May 1 1940-1947- b 0.25 Topeka 4 Ms 1948 5 Ms Jan 1 1941. J&J Topeka S D 4Mb Mar 1 *4O-*40 Wichita 4Ms 1940-1946-J&D Sch Dist ref 4Mb '40-48F&A lMs 1945-59 J&D Wyandotte County— 4 Ms 1941-1945 ..J&J KENTUCKY Bridge Revenue Refunding— Project No 2 July 1 '50 J&J Project No 3 July 1 *50 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945 Project No 10 July 1 '50 J&J Project No 11 1952 2.80 3.90 to 1944-68 lMs 1945-1969lMs Reg 1940-1959 102 100 5s 1969 0%75 2s reg 2.60 3.40 % 2.90 % Metropolitan Water Loan— 2.00 5s 1952 opt 1942 0.75 % 4Ms 1940 M&N 4Ms 1940-1941 M&N Des Moines 5s 1940-'57—J&J to 3 Ms gold July 1944 J&J 5s Oct 15, 1962 op *52- A&O 5s Oct 15,1963 op'53A&015 2.90,% 2.80 % 3.00 3s gold Water Jan 1 1941-J&J 2 Ms Dec 1 1940-1947 J&D 6 0.15 2 Ms reg 6 0.15 July 1 1940-67 2s Water 1945-1969. J&J 6 0.90 — 1941 % Davenport Indep Sch Dlst— Water 2.90 2.60 to 2.70 to to 2.25 to 2.40 Leavenworth— to to to less b Basis b 2.10 1.50 4s 1946-1956 2.00 4Mb to 2.50 b 2.00 to 6 3.10 ... 3.00 % to 6 0.15 4s Water registd 1940-58.J&J 6 0.15 3 Ms 1956 ref (tax-exem)_J&J 3 Ms Water 1942 J&J to 2.70 A&O b 1.00 Public Belt Bridge Rev— 4s 1910-1945 A&O 104 M 0.25 4M« 1.50 1.00 106 4 Ms 0.75 Sch b b 2.60 to MASSACHUSETTS 1910-1952(tax exempt) Var 4s M&S 5s Dec 1952 opt 1942._J&D New Orleans—Public Belt— J&D 4Mb 1940-1953 4Ms 1940-1953 Sept 1940-1972 Fifth District Levee— 5s 1950 opt 1940 2.50f%- to 101M 1941-1957 1943-1955 5s 1972 Cedar Rapids 4Ms'49-'53M&N Clinton Co 2 Ms 1942—M&N 4Ms Sept 1 1945—M&S 4Ms 1944 4s Sept 1 1945 M&S 100 M 2.25 1940-1948-F&A b 1.00 IOWA 1940-1942 5s 1969 Baton Rouge—5s '40-'54 M&S Bossier Dist Levee 5s '54_A&0 Caddo District Levee— 8o Bend 4Ms W W '43.M&N 5 Ms 1941 M&S South Bend School City— Impt V to 2.60 to 2.85 State Pension 5s June 1, 1948 b 2.70 Capital Bldg 4Ms Aug 15. '52 b 2.90 Charity Hospital at N O— 3.85s 1942-1968 F&A 100 Atchafalaya Levee Dist— to 1.75 Wlnnetka (Village) 4Mb S ser b 1.50 Net 1.20 % '41-A&0.6 1.40 4Ms 1940-1968 M&N 6 1.00 Washington Sub San Dist— 3Ms Wat & Sewer '87.M&N 6 3.00 4 Ms Sewer g 1973 J&J 6 3.00 105M b 2.65 Ask Montgomery Co— J&J b 1.50. to 3.20 J&J b 1.75 to 3.15 3 Ms series S 1958-1960.J&J b 3.10 to 3.20 3 Ms ser V 1956-1961.--J&J 103 3-3 Ms June 15 1943-1962. 98 102 103 M 100 ser 4s to 1.75 to 3.15 104 Bid 5s Water 1940-1987—.A&0'6 0.50 4Mb 1940 1987 A&O b 0.50 Highway— 3Msser Q 1943-1954---J&J 3 Ms ser Q 1955-1960-- -J&J Port Commission Refunding 3 Ms 1940-1959.. J&J Long Term Bonds— Refunding 3 Ms 1942-'50_F&A Ref 3 Ms 1957-1960 F&A State Highway— 4Mb series D & E 1944-55.. 5s series F Mar 15,1945-48 5s series K July 1,1947-49.. to 1.50 0.60 > » 4s .1950 opt Bonds to 0.75 5s series A. B & O 1940-1943 b 0.50 b 1.50 To or Net Cumber'd 4Mb W W Hagerstown— 4s Jan 1 1942-1956 3 Ms Jan 1 1957-1961 to 1.25 0.75 state to 2.35 0.50 Ask Refunding 2Mb 1940-'41-F&A b 0.50 2.35 2.10 Bid LOUISIANA Short Term Bonds— to 1.50 1.65 Yield Basis To or Net Ask Bid Yield Basis I To or Bonds — Highway Impt 1944 A&O ft 0.95 Highway Impt 1942—A&O.ft 0.70 less less less , Ask Bid Bonds Net Ask Bid To or To or Bonds Yield Basis Yield Basis Yield Basis * BONDS possible for the closing day of the month preceding the date of issue securities are as near as Quotations for all MUNICIPAL AND STATE 96 N. J. MISSOURI Ann Arbor— _ „ W W ref 4^s 1.00 1944-1946 Battle Creek-— 3Ms to 2.35 5 0.75 to 1.00 6 1.00 to 2.75 5Ms w w 1940-1951—M&S b 1.00 Dearborn— b 2.75 to 2.85 Sewer 4Jis 1940--,—M&N Battle Creek S D— • . F&A 4Mb 1940-1949 Bay City— 4ha Sewer Detroit— General 3 Ms callable 4s- (Long) — 4M» 4MB 5s non-callableWater 4s ---- 1 1951-1961 1 1940-1950— 3Ms Oct 1 1948-1950— 4s July 1 1940-1947 3 Ms Oct 3 Ms Oct b 2.50 b 0.75 —J&J 6 0.90 to 2.25 0.40 to 2.25 0.40 to 2.25 0.40 to 2.25 0.40 to 0.40 to 2.30 b 2.50 less 5 0.75 4 Ms Joplln 4Mb to 2.50 1 1940-62— Refunding 2Ms 1951-63 J&J 6 3.50 Refunding 3 Ms 1941-50 J&J 6 1.00 Refunding 4s 1941-60-M&N b 1.25 4s Jan 1 1941-1953-— -J&J 6 1.00 Refdg 3Ms 1961-62--M&N 6 3.60 Rfdg 3 Ms 1940-1952. J&J 15 6 1.00 98 M Rfdg3Ms 1953-1962. J&J 15 98 M 3Ms Jan 1 1953-1963.-J&J 3.50 % less to99M % to 3.65 % to 3.65 % 1 to 3.60 % 99 M 99 M to 2.75 % to 2.00 % Highland Park 4Mb April 15 1957. 6Ms May 1 1941. 4Ms School Nov 1 1954 Jackson 4Mb 1940-47--A&016 6 1.25 4Ms July 15 1955 Jackson Union S D— 3.25 2.00 3.15 to 3.00 % 3.50 1.00 to 0.75 1.25 to Pontiac— Refund 4-4 Ms 1964 opt 1937 2.10 0.75 to 2.70 0.75 1940-1949--F&A to 2.80 1.50 1.50 — Voted bonds— 4Mb Airport April 1 1 to 2.50 z° to 2.50 3JOO 1948— less to 2.75 1.90 0.75 less 1.00 less 1.00 to 2.25 1.00 to % 1.25 % 1.00 to 2.60 A&O M&N 1.60 less 1.00 to 1.25 1.00 1.00 to 2.60 1.00 to 2.60 1.00 1.00 1.00 60 0.50 to 2.00 % to 2.10 to 1.25 20 0.40 A&O to 2.00 1Mb 1944-1948- F&A 1.75 to 2.40 J&J 1.00 to 2.40 Ramsey County 1M Mar 1 1940-1949-M&S 2Mb 1940-1947 F&A 4MB 1940-1950 F&A 4Mb Rd & Bdge *40-*44M&N 4Mb Rd & Bdge '40-*43 J&D 6 1.00 M&N to 0.85 to 1.75 Funding 6 to 2.25 b 1.00 to 1.50 6 1.25 to 2.25 % % 3^25 3.25 Great Falls— 1941-54—F&A 6 1.00 Douglas County— 5s Highway 1940-48—A&O Holdrege S D 5s 1941-52. J&D Lincoln School District— 4Mb 1940-1953 .M&N McCook County— Ret 4Ms Feb 1 '42-'5l North Platte Sch Dist— 4Mb 1940-1959. J&J 6 1.00 b 0.50 to 2 00 6 1.25 J&J 2.80 4Ms W W 1940-1942 A&O 5s School July 1 1951-J&J 5s Gen'l impt 194I-62-J&J 4 M« Sewer July 1 1943.J&J 4 Ms 1941-1959 J&J 4s 1940-1961 A&O 2.60s 1940-1957 J&D 1.00 to 1.50 2.60 less 1.00 to 3.00 2.00 less 1.00 6 0.50 to3.0oj% 1.00 1.00 1 % to 2.85 % to 2.60 % 2%80 Non-calUble bonds 103 Greenville 5s fund '43-'50 F&A b 2.10 to 3.10 b 0.50 to 3.10 b 0.50 to 3.10 4Mb Jan 1 1941-1952 4MB 1940-1952 M&N b 0.50 to 3.10 Jones Co 5s 1940-1942 M&N b 1.00 to 2.00 Meridian— 2.00 4Mb School House 1941 J&J Mississippi Levee District— 5s May 2 1944 -—M&N 5s July 1 1953 J&J 2.25 3.10 b 0.50 Delta Levee DistDS 1940-1954 M&N 6 0.50 4M« July 1949 J&J to 2.75 % Vacoo-Miss / Flat priced n to 3.10 Nominal. 0.75 to 1.00 0.40 to 1.25 0.40 to 2.50 0.40 to 0.90 A&O 1940-1956-F&A 0.40 to 2.50 J&J b 0.30 .90 series E July to 2.20 % 0.30 0.40 0.30 1940 0.40 4Mb series F Jan 1941—— 4 Ms series G July 1941 July 1942 4s series I July 19434 Ms series A of *27 July 1944 4s ser B of '27 July 1950—_ Soldiers Bonus 5s July 1941— Highway Extension-— 4 Mb E of '20 July 54 opt '39 s F of *20 Jan *55 opt *40 s A of '24 Jan *55 opt '40 ■ B of *24 July *55 opt *40 of'24 July *58 opt '41 4Mb ser B of'30 July '40-'C7 0.40 0.65 4s series H 3 Ms ser O.of '30 Nov '40-'69 Institutional Construction— 0.80 1.00 1.80 0.40 0.30 0.30 to 0.40 to 1940-1966— 0.30 4Ms series B July 1940-1967 4s series C April 1940-1969- 0.30 to 0.25 to 2 Ms series D May 1940-1970 N. J. Emergency Relief— 0.25 to 6 0.30 to 3 Ms Jan 1941 5s May ! ay 1940 to 1941. to 2.80 to 2.75 to 3.25 to 1.25 b 0.25 to 2.75 0.25 to 3.00 .60 F&A 5s July 28 1940-1960— £airview 5s 1944 Glen Ridge— 4.10 J&J % to 3.00 % 4 Ms Mun Bldg 1940-70 F&A b 0.25 Gloucester City— 4Mb 1940-1966 J&D 5Ms Water 1940-1963.M&S Gloucester Go— 4 Ms Bldg&Rd '40-'45 J&D20 83 86 6 0.25 to 1.25 0-75 to 1.50 1.00 to 3.50 0.75 to 3.25 .50 F&A M&S to 3.90 to 3.30 M&N15 b 0.35 to 2.95 4s g Park 1954 & '59.M&N b 2.90 2Mb Apr 1 1940-1959 b 0.25 Hunterdon County— 4Mb Road & bldg '41-'46J&J Irvington 5s School 1963.J&D 4Mb 1940-1959 J&D Jersey City— 5Ms 1942-1953 A&O 5s 1940-1969—A&O 4Mb School 1940-1958.J&D 4Mb School 1945-——-J&J 4 Ms Water 1961—A&O 4Mb 1940-1967 J&D 4s Refunding 1949 F&A 4s July 1 1940-1953 Gen ref 3Ms '40-*54— F&A 3Ms, 1940-1956 J&D Keansburg 5Ms 1940-59.M&N 5Ms 1940-1970 J&D Long Branch 5s 1943 M&N Lyndhurst 3-5s 1941-57—J&J Maplewood (Township)— 4s 1940-1967 -J&D15 Middlesex (Borough)— 3 Ms 1941 to 1967— .J&J Middlesex County— 4Mb Road 1940-1944-.F&A Imp 3s Nov 15 1940-1948— Monmouth County— 4Mb Mar 15 '40-'50-M&S 4Mb Rd & bdg '40-51F&A15 Montclair 4Mb Sch 1941.A&0 4Mb High sch bldg '44. J&D 2Mb May 16 1940-1970 Morris County— 4Mb 1942 opt 1922 J&J 3 Ms 1940-1949J&D16 to 2.75 I b 0.25 to 1.50 b 0.25 to 2.75 1.00 1.00 3*66 to 4.20 to 4.25 to 4.15 to 4*16 5 Too" to 3*90 5Too" b 1.00 to 3.75 b 1.00 to 3.65 b 98 b 0.25 to 87 to 3.25 to 2.70 to 3.50 to 2.50 to 78 3.00 b 97 to 89 b 0.25 to 2.50 b 1.00 to 3.50 b 0.25 to 1.40 b 0.25 to 1.90 b 0.50 to 2.80 b 0.50 to 2.80 5"0.25 to 2.50 5"0.25 to b 0.50 to 1.00 1.80 Morristown— 4Mb 1940-1942J&D 4s 1940-1969 M&N 0.30 0.30 Neptune 4Mb 1940-1955-F&A 0.40 Newark— 6s 1940-1972 M&S 2.40 Z° 2.40 % 5Ms Oct 15 '40 to'59 A&015 5s 1940-1958 J&J 2.30 % 4Mb 1940-1983 F&A 2.40 % 4Mb School Dec 1 *45..J&D 4s Sch house 1959 opt 1949 2.40 4s Pas Val sew'61 op 51 J&D 2.40i /0 4s 1940-1970 J&D I, 3Ms Track elev 1954—F&A 0.40 3 Ms 1940-1966 M&N 0.50,% 2Mb Jan 15 1941-1976-J&J 0.30 to 3Ms ser A July to 3.00 0.25 Linden 2Mb 1940-1956—J&D b 0.25 Lodi 5s 1941-1947 J&J b 90 to 2.25 Bridge bonds— 4 Ms Series D July 1940— — 4 Ms series E Jan 1941—— Road Bonds— 4 M8 b 0.25 to 3.00 „ 0.40 1941-1956 A&O Kearney— 4Mb Water 1940-70-J&D15 b 0.25 4Mb Sch impt '40-'52-J&D b 0.25 to 2.15 0.40 NEW JERSEY % MISSISS1PI 1940-1948.F&A to 0.90 HAMPSHIRE % 0.50 to 1.75 % Impt 1940-1946 M&S 0.50 to 2.60 May 1 1940-1950 Impt 1953 J&J Flood 1940-1953—.A&o b 0.50 to 2.80 % 107 Highway 1950-1959.F&A 105 Blloxi 5 Ms 1940-1943—A&O 100 Callable bonds 1940-1954.A&O to 1.40 0.25 1 5Ms 4Mb 4Mb 4Mb 3 Ms 0.65 % 2.15 2.00 2.20 b 0.75 6 2.40 0.25 3s H S 1 116M to 2.95 Hudson County— 4Mb 1940-1978 Nashua— to 2.75 less J&D b 0.25 J&J b 0.25 Hoboken 5s 1940-1954—J&J b 1.00 to 2.75 3Ms Bridge to 1.15 % 114M 0.25 to 2.50 to 2.60 Manchester— to 2.25 b 0.50 Hamilton (Township)— 3 Mb sewer 1940-1978-J&D 6 0.50 to 3.50 to 1.65 - 1940-1951 1.00 0.25 6s 1940-1954 3s 1940-1966--- 6 0.40 b 1.15 J&D 6 2.25 Mayl'55M&N b 2.40 Keene4Msl940-1942—M&N to 2.30 to 82 0.40 to 2.60 J&J b 1.00 4s Impt to 3.75 b 95 Hackenaack4 Ms 1942_ F&A 4Mb Imp 1941-1942—-J&J 2Mb Sewer 1940-1956-M&N 4Mb USD 1940-1965.J&D to 2.50 1.00 6 1.00 to 3.75 to 2.90 „ b 1.00 Concord— to 2.40 b 0.75 b 2.25 0.25 4s Hospital 1946 Essex Fells (Boro)— J&J b 1940-1943-J&D 5 3 Ms Refunding 1942-1944 J&J, 1Mb Highway 1941-1946 M&S 6 to 2.50 6 1.00 to 4.00 to 4.00 2Mb 1940-1978 M&S 4Mb 1940-1957 A&O 5 Ms Dec 1 1940 1946-J& D 6s 1941-1972 J&J Englewood 5s 1940-1944--A&O Essex County— to 1.85 MONTANA NEW to 3.30 2.50 b 3.10 4Mb 1940-1960—_M&S 15 0.30 0.70 J&J15 bonds— 4s opt *44, 1941-1953.-J&J Highway debentures— 4Mb Dec 31 1940 Daniels Co 5Ms 1940— —J&J 6s 1941 opt 1940 J&J 0.75 3.50 Orange— El^abeth—19i°197^ to 1.75 4M« Highway to 2.25 1.00 to 2.10 4s July 1940-1948 to 2.30 b Basis. East to 2.10 to 1.80 4Mb 1941-1955 to 2.25 1.00 Vickaburg— 5s Pub Imp to 1.80 to 1.60 to 1.70 to 2.10 York School District— to 2.40 1.25 Jackson 5 Ms to 4.35 to 1.75 5s 1948 Omaha SD 4Mb to 2.60 J&O 1 1951 to 1.00 to 1.85 4Ms Wat wks Dec 15 '41 J&J 4Ms May 1 1956 M&N M 1940-1946. A&O 1.90s Oct 1 1940-1946-A&O 1.80s 1940-1943 F&A St Paul— 6s school July to 1.00 0.75 to 2.75 Camden— to 2.70 to 2.40 1940-1966 1940-1949 to 2.20 0.25 to 2.50 to 2.35 Omaha— to 2.60 1.00 2s 1 70s to 2.50 0.25 to 2.60 to 2.50 _ to 1.50 1.00 2 Ms 1940-1967 2 20s 1942-1959 0.25 2Mb School 1940-1969-M&S Bogota 4Mb 1940-1946--J&D Bound Brook 4 Ms '40-'42 J&D Bridgeton (Oity)4 Ms 1940-1958 .J&D b to 2.75 NEBRASKA to 2.40 1.00 A&O M&S 2.30s 1940-1947—M&S 2MB 1940-1958 —M&N 2.60b to 2.75 to 2.60 to 1.75 Beatrice S D 5s M M A&O 3s 1940-1959 to 2.85 1.65 % to'2.80 to 2.25 1940,1943,1945.1946, 1947, *48, *49. *50—J&D 4Mb 1940-1952 A&O 1940-1941 to 0.50 b 0.25 5s Dec 15 1940-1955.J&D15 b 0.25 0.25 Bloomfield4Ms 1940-69J&D15 5MA Dec 15 1940-60.J&D15 to 2.65 „ 5s MB to 3.00 0.25 M 1.25 2.70 2.70 3Ms July 15 1943 --—J&J 3s Feb 1-Aug 1 1955-1956 2Mb Feb 1-Aug 1 1957-1959— 2M trunk h'way *47-51- -M&N 1.85s Rural Credit ctfs 1941— 2s Rural Credit ctfs 1942 Duluth 4Mb 1940-1947—-J&J 4s 1940-1946 -.J&J Hennepin County— 4Mb Sanitorium *40-'42 J&J 4Mb Hospital '40-'41 M&N Minneapolis— 4s 1944 to 3.25 1.00 ns 1.75 4Mb Wat & Sew '40-'50-J& J MINNESOTA 3 to 3.25 Bef"n$LinS '40-'60_M&N 1.00 Belleville S D 5s *40-'44 M&N 0.80 Bergen Co— 5Ms Dec 1 1940-1942.J&D to 2.60 0.30 4.25 4Mb Sewer 1940-1951-J&D Wayne County— • Covert roads to 4.00 1.00 100 4Mb School June 1 1955 Port Huron 4Mb 1942 Saginaw 4Mb to 3.90 4 Ms School 1940-1966-F&A 1.00 r, to 3.90 % to 3.75 1.00 0.30 1.70 1954-58 University City— 4Mb 1940-1943— .25 4Mb 1942-1949- 2.50 to 3.75 1.00 to 3.05 % F&A 2s to 2.10 4MB 1.00 Belleville 5s 1940 & '44.M&N to 2.00 Springfield 4 Mb '40-'49-M&N 2.75 1940-1945—-M&N Lansing 4Mb 1940-1946--J&D Muskegon 4Mb 1941-44--J&J Muskegon S L> 5s 1942—July 91M 1940-1955——F&A 4Ms 0.30 0.30 M&N 2Mb 1951-56 68 Bayonne 5s 1941-1949—-J&J -F&A 2s Feb 1 1958-1959 77 to 2.75 4Mb 1940-1969 5s Sewer 1940-1960 Public Bldg & Impt— 3 Ms 1940-55 to 1.30 1.00 5Ms 1940-1961 F&A 4Mb Water *40 to '60-M&N 4Mb 1942-1969—.—J&J 4s 1945-1970 Camden Co— 4MB 1940-1970 J&J 4s 1944-1968 Cape May— 4Mb School 1940-1951-M&S Cape May Co 5s 1940 M&S Delaware River Joint Com. Phila-Camden Bridge— 4Mb 1940-1945 M&S 4Mb 1946-1973 M&S 3s School 1940-1954—F&A to 0.65 (Boro)— 0.30 0.40 F&A M&N M&N 4Mb 1940-1953 4Mb 1941-1948 4s 1940-1951 to 0-80 6s July 1 1940-1944 8D 4Mb 1940-1955—M&S St Louis— „ to 0.65 ¥*£ Bridge 1940-1957-A&O * Audubon m o b 1.00 to 0.65 to 3.75 i/ 2.30 - to 3.75 % Flint 4Mb 1940-1954.M&S 15 6 1.50 to 3.60 % 5s (Mar 1 & Apr !) '40-50— 6 1.50 Flint Union School Dist—■ 5s 1940-1954 M&S 6 2.00 to 4.00 % Grand Rapids— 3s Sept 1 1941-1945—M&S 6 1.25 Grand Rapids School Dist— 4MB 1940-1943 M&S 6 1.25 — 0.40 4Mb 1940-1955 A&O 0.40 4Mb Airport 1940-54.-A&O 0.40 4s Airport 1940-1971—M&S 0.40 3 Ms 1940-1974 J&J 3Ms 1940-1974 F&A b 0.40 0.40 3 Ms 1940-1955 A&O 0.40 3s 1940-1957 J&J 2.30 38 1954-1975 M&S 2.25 2Mb 1958-1975 -J&J 2.20 2Mb 1956-1975 A&O Kansas City S D— 0.40 4s 1941-1951 J&J 0.40 4Mb 1941-1950— J&J 0.40 4Mb 1941-1950 —J&J 4Mb 1946 J&J 5s 1941-.. J&J 0.40 3Ms 1941-1951 J&J 1.25 2 Ms 1945-1955 J&J 0.40 St Joseph 4Mb 1940-'45-M&S Refunding 4Mb May 1 1951 St Joseph S D 4s 1940---. 1 less 1943-1948 to 0.50 b 1.00 .15 Kansas City— 4Mb Various May 9 '40-'72 b 0.40 4 Ms Jan & July 1942 J&J 1 to J&J 1941-1950. J&J 1940-1960 J&J15 1949 J&D Road 1941-1952..J&J Court h'se '41-'52 J&J (School District)— 4Mb 4Mb 4Mb 4Mb to 2.50 6 0.75 to 0.60 to 0.90 4Hs....-.-. 6 3.15 lesslM 99 M 98 M Refunding 3 Ms '57-'62 J&D to 3.65 % Refunding 4s '40-'56_-J&D 6 1.00 General & Street Railway— 6 1.00 to 3.65 % 3 Ms Oct 1940-59 Water 2 Ms Oct 0.30 0.30 to 2.65 less to 1.60 to 1.75 lesslM lesslM 6 3.50 1.40 to 0.50 1 less 1959-62— to 1.70 1.65 Street railway General 3s Oct 1 to 1.50 1.50 Jackson County— 4s 1940-1951 b 2.80 D— Refunding Water series to 1.35 0.90 0.30 100M 99M 101M i02M 101M 102 M 101M b 3.70 lesslM b 2.85 0.75 J&D Buchanan County— Ret 3s 1943-1956 b 2.75 — 4Mb 4Mb to 1.25 Net Ask Emergency—Concluded 0.40 4Mb Nov J940 to 1941 0.25 3Ms Mar 1940 to 1942 3 Ms May 1940 to 1942 0.25 0.40 2M Jan 1941 to 1943 Ed Aid 4 Ms ser A Jan 1941-42 0.40 Unemployment Relief— 1 Ms ser A Dec 15 1942-1949 b 0.40 Asbury Park (City)— 75 Refunding 4s 1966 Atlantic City— 66 2M-4Ms Jan 1973 Water 3-4M8 Jan 1973 89 M Atlantic County— to 1.70 3s Building 1940-1941 J&J 3s State Bldg 1940-1944.F&A 3s Road 1963-1957 3.85 to 1.60 0 75 4Mb Road 1948^1950—M&S 4Mb 1943-1946 M&S 4s 1943-1947 M&S 4s Road 1944-1948 A&O 4s Nov 1 1948-1952 M&N 3 Ms 1948-1952 .J&J 4Mb Road 1940-1942 to 2.60 2.00 1940-1948 J&J To or Bid Bonds Net b 0.50 to 3.30 b 2.00 to 5.00 b 0.75 to 4.00 b 0.75 to 3.90 b 0.75 to 3.80 b 0.75 to 3.75 50.75 to 3*80 5 "0.75 to 3*30 5 0.75 to 3.25 .40 97 STATE AND MUNICIPAL BONDS Feb., 1940] Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue \ Yield Basis Bid Ask —„ 0.75 0.75 to 3.25 0.75 to 3.65 % 75 84 89 91 0.25 1.25 0.75 to to 5.00 1.00 to 3.25 0.50 to b 0.75 M&N to 1.90 b 0.25 to b 0.75 to 3.75 b 0.75 to 3.50 3.00 1940-1977 -F&A &100 99 4%srefd& 1944 & '46—F&A Plainfield 4s School 1959 M&N 96 4 Ms 1940-1962 Various-J&J b 0.25 Rahway— 4KB 1940-1953 J&D b 0.75 Ramsey 5s Water 1940 Red Bank (Borough)— 0.25 4KB 1940-1953 M&N 0.20 Rldgowood 4Mb 1940-62-M&N 4Ms 1910-1968 M&N 0.25 Sea isle City 5s 1942 75 F&A Somerset County— , 0.25 4KB 1940-1949— J&D 0.25 J&J to 4.75 to 2.50 % % 1.70s to 3.25 — A&O b 1.25 1%00 Buffalo— to 1.80 5s 1940-1950 to 2.00 4KB 1940-1967 to 1.25'% to 3.00 % to 2.90!% 0.25 to 3.00 0.25 to 3.00 % Summit— 2s 1940-1959 0.75 0.25 0.50 3.25 % to 3.25 % 0.75 0.75 0.75 to 99 Union Township Sch Dlst— 4Kb 1940-1968 J&J b 2.00 Ventnor City refunding 4-5 >4» 92" Vlneland (Boro)— 6 Ms 1940-1950 M&S b 0.25 Weehawken— Gen ret 3 kb 1940-1959 NEW A&O Sewer to to 3.50 Corning 5Ms I960 Cortland "(City)— 1.60s % K to 3.00 % to 2.75 % to 3.80 % to 2.10 to 1.70 m 4s 1945-1953 to 4.25 97 to 2.70 b 0.75 to b 0.75 to 3.50 98% b 0.25 to 2.90 b 0.25 to 3.00 Greenburgn 1.50 to 4.30 b 1.50 to 4.75 b 0.50 to 3.00 1940-1980 6s Highway 1941 J&J b 2.00 3 Kb H'w'y deb '46-'47 M&N b 2.50 3 Ms H'w'y deb '48-'49—M&N b 2.50 3s Jan 1 & July 11949-1952— b 2.75 H 1.00 1.75 deb 1944-45-M&S b 2.50 2.00 1946-1951 J&D b 2.75 H'way debs 1951-52.A&0 99 H'way debs 1953-54.A&0 b 2.75 2.25 101 way 2.25 Albuquerque— 5s Water Works 1962.-J&D 115 4KB 1940-1950 J&J b 1.00 4Kb 1940-1950 J&J b 1.00 Middle Rio Grande Conser Dist 5Kb 1940-1973—F&A 69 Socorro Co 5s 1941 op '21.A&0 96 NEW 120 to 3.00 to 3.25 73 100 YORK 5s Jan & Mar 1 1940-1945 5s Jan & Mar 1946-1970 4Kb Highway 1963 M&S is Canal 1964 J&J b 0.15 to 1.00 b 1.00 to 2.20 b 2.15 b 2.15 2.05 (s Canal 1965 J&J b 2.15 is Highway 1965 M&S b 2.15 Kb Barge Canal 1945 J&J b 1.00 is Bonus 1940-1949..-A&O b 0.15 4s Canal Term 1942 J&J b 0.50 4s Canal Term Jan 1946.-J&J b 1.10 4s g High Imp Mar 1958-M&S b 2.05 4s g High 2.05 2.05 2.05 0.90 to 1.40 0.35 1.00 1.90 Imp Sept 1958-M&S b 2.05 4s High Imp Mar 1960— M&S b 2.05 4s Canal Imp July I960-.J&J b 2.05 4s Canal Imp Jan 1961 J&J b 2.05 1.90 4s Canal Imp July 1961.-J&J b 2.05 4s Highw Imp Mar 1961 M&S b 2.05 4s Palisade Park 1961...M&S b 2.05 1.90 4s Canal Jan 1962 J&J 4s Hlghw Imp Mar 1962 M&S 4s due Sept 1 1965--.—..... 4s due Jan 1 1966 4s Canal Imp Jan 1967--J&J b 2.05 b 2.05 b 2.10 b 2.10 1.90 1.90 1.90 1.90 1.90 1.90 1.90 2.00 2.00 b 2.10 2.00 4s Hlghw Imp Mar '67—M&S b 2.10 2.00; 4s Palisades 2.00 b Basis. Park 1967..M&S b 2.10 / Flat price. M&N Nov 1957 Dec 1, 1979 M&N b 0.25 b 0.25 to 2.30 4s 120 111% 112% 112% to 2.00 May 1959 serial 4s to 2.25 M&N J&J b 0.35 J&J15 b 0.35 1940-1963 1940-19543 Kb Corp stock - . % 122 118% 118% 119% 119-M 120 M 120 M to 3.30 % 121% 122% 123% 117% 117 112% 112% 113% 113% 114 to 3.25 to 3.05 % &S _8 b 0.40 to 2.00 to 1.50 3Msg exempt 1952 J&D 15 b 1.90 -M&N b 0.30 —A&O b 0.35 to 1.75 to 2.50 3 Ms g exempt 1953 M&N 3 Ms g exempt 1954—M&N 3 Ms g Water ex 1954- M&N J&D b 2.80 to 2.60 J&J b 0.30 to 2.60 b 0.40 to 2.40 95 M&N 3.00 107 M 108 M 107M 108M 106% 3 Ms Corp stock Jan 15,1976, 106M 3 Ms reg Corporate stock L 1950-53 .M&N & 2.85 3 Ms Corp stock July 1, '75.1 102 3Ms Aug 1 1940-1978.F&A p 0.35 3 Ms serial 1940-1979. senai iy4U-iy/y—F&A b 0.35 3s Rap Trans 1947-51 _F&A b 2.00 108% 3 Ms exempt 1955 M&N 3 Ms stock Apr 1,1954-A&O 3 Ms Corp stock Mar 1,1960 to 2.75 to 1.90 to 2.30 to 1.90 b 0.50 125M to 3.15 3 Kb g exempt 3 Kb to 1.70 b 0.40 b 0.30 124 M Corp stock 1940-1954- 5 0.3 5" to 8.05 (L85 1941 M&N 1.15 exempt 1942 M&N 3 Kb R T 1948-1950—M&N b 2.60 to 2.85 to 2.60 b 0.40 b 0.40 128 M Jujy l '75.. b 0.20 to 2.10 3.05 3.05 108 „ to 1.65 J&J b 0.30 to 2.30 J&J b 0.30 J&D b 0.30 to 2.70 _ 3s corp stock Jan 1 1977 J&J 100 3s Serial 1940-1968 J&J b 0.35 3 s ser ial 1940-1969 M&N b 0.35 3s serial 1940-1973 J&D b 0.35 to 2.70 to 2.75 38 corp stock Feb 1 1979— .A&O b 0.25 M&S b 2.85 to 2.15 J&D b 0.25 to 2.00 b 0.25 to 1.95 b 0.25 to 1.95 b 0.25 Parkway Authority— 3M% Rev 1940-53.A&0 b 0.75 3M% sf Rev 1968-A&O 110 Niagara Falls— 5 Ms 1941-1948 M&N b 0.30 to 1.50 b 1.70 to 2.00 to 2.70 b 0.25 to 1.00 .J&D b 0.30 to 2.70 M&S b 1.75 100 2Ms 1940-1979 J&J15 b 0.35 2%s July 15 1969——J&J 95k 2Mb 1940-1953 J&D b 0.35 2%sl940-1979 M&N b 0.35 2Kb Serial 1940-1946-F&A b 0.35 2Mb assessm't 1940-44-J&D b 0.35 2.60 b 0.40 to 2.40 4.15s Sewer 1965-70--M&N b 2.30 4.10% Sewer 1940-1950. J&J b 0.20 4 %s Wat May 1 '41-48M&N 0.30 3.95 Nov 1 1961-1970-M&N 3 Ms 1942-1945 M&N 2s Mar 1 1940-1949- to 3.00,% M' 103 — to 3.20 % to 3.20% to 2.60 101% to 3.10 to 3.05 to 3.10 101% to 3.00 96 M to 2.80 to 3.00 to 2.00 to 1.50 to 2.85 111 to 1.75 to 2.40 to 1.90 to 1.75 2.30 0.60 to 2.40 0.20 to 1.60 to 1.10 b 0.25 to 2.00 b 0.30 to 2.00 Niagara Falls S D 4Kb 1940-1960 F&A b 0.20 to 2.30 b 0.50 to 2.50 No b 2.40 to 3.15 0.50 1940-1942—J&D 2.40s 1941-1967 0.50 M&N North Tdrrytown— 4M« Water 1940-64-A&O b Par to 1.00 b 0.75 to 3.00 to 2.50 J&J b 1.50 to 3.25 —F&A b 1.25 b to 3.10 to 3.60 1.25 to 3.50 b 0.75 J&J b 0.75 to 3.25 to 3.50 S D No 7 % to 2.50 to 2.80 b 2.00 to 3.00 Oneida 4s Water '41-'45—J&J b 0.30 Par Onondaga Co. 4%s '40-47A&O 3.70s 1940-1951 0.30 A&O Ref 1.90s 1940-1957--F&A 0.25 to 1.50 2.10s Feb 1 1940-1968 1.70s 1940-1968 J&D Ontario Co4s 1940-1951-M&ft to 2.25 ^ to 4.00 Hempstead 4Mb to 2.75 b 1.00 b 0.50 J&J 119% 111 to 0.90 4s 4 Ms 1947-1972 J&J Ossining4Ms 1940-1942.M&S 4Mb Water 1940-1969.A&O Oswego 5 Ms 1940-1946--M&N ^ Par Par 0.30 0.50 0.40 0.50 to 1.60 to 1.80 to 2.00 to 2.25 to 2.10 to 1.00 to 3.00 to 1.90 b 0.75 to 2.75 b 0.75 to 3.00 Oyster Bay Water Distrect— 4s 1940-1950J&J b 0.50 to 2.30 Pelham (T) Un Fr Sch Dist No 1 4.60s 1944-1966 1.60 to 3.00 0.50 to 2.00 Poughkeepsie 4 Ms '40-52 J&D 4s School 1940-1959—M&S 0.40 to 2.30 Port Jervis 4Ms 1941-'69-J&J 0.50 to 3.10 to 2.00 Port of N Y b 1.10 b 0.30 b to 3.25 to 2.25 to 3.00 to 3.25 1.25 to 3.00 88 91 Aug 15 1977 Gen & ref 3s Dec 15 1976— Inland Terminal— 92 b 1.00 to b 1.00 b 1.25 to 3.75 4M sser D 1940-1941.M&S 4 M sser D 1942-1960-M&S Holland Tunnel—*4Mb serE '40-'41-„M&S 3.75 to 4.00 b 1.00 b 0.75 to 1.50 b 0.75 to 2.00 to 2.75 b 0.75 to 1.50 1.00 to 2.50 1.25 to 1.50 b 3.50 108% 106% 106% 102% 0.85 108 M 0.50 4 Ms ser E '42-'60—M&S 109 Putnam Co 4 Ms '40-'51-A&0 b 0.50 4s 1940-1954. 0.50 F&A to 4.00 b 3.25 to 1.00 105*i 105% 101% ^ to 3.75 b 0.75 1.00 Authority— Gen & ref 4s May 1,1975._ Gen & ref 3 Ms May 1. 1976 Gen & ref 3 Ms to 2.50 b 0.50 Rensselaer County— 4Ms Highway 1940-58-F&A Rochester 5a '40-'62 F&A 4Mb Pub Imp '40-'58.F&A 4Mb 1940-1959. M&S 4s Imp Sch &c '41-47-J&J 2Mb 1940-1957 M&S 3.75 to 3.00 to 3.00 l%s 1940 1.70s 1940-1948. b 0.75 b 0.75 to 2.25 to 3.00 4Mb 1940-1945 Rockville Centre (V)— 1.75 b 0.75 to 3.50 %"" to 2.70 % to 2.25 0.20 0.20 to 2.40 to 2.25 0.20 0.20 to 2.25 0.20 to 2.05 to 1.50 >?20 A&O F&A b 0.20 to 1.40 to 1.30 Rockland Co— to 2.50 b 0.75 to 2.60 0.50 1.20s Jan 15 1941-1950 J&J b 0.20 to 3.50 1'&A b 0.75 1.25 to 2.75 b 2.25 to 3.25 b 0.75 to 3.25 b 0.75 to 3.00 b 0.75 to 3.25 3.40s July 1 1941-1945-J&J 2Kb 1946-1956 2 Ms 1940-1957 F&A 2.40s May 1 1940-48—M&N 2.20s 1940-1959 M&S 123 to 2.40 to 0.90 4s 6s 1947 Beach acquisition-Mamaroneck (Town) 4 Kb 1940-1964 J&J Mamaroneck Un F S D No 1— 5Ms May 11940-1952-M&N 3.90s 1940-1964 J&J Middleport 4.35s '40-'42.J&D MineoJa (V) 4.40s 1940-68 J&J Monroe Co 4s 1940-44 F&A 3.90s Co Bldg '40-'50—F&A I Ms Jan 15-1941-1942. J&J Mount Vernon— 4Mb 1940-1943 -A&O 5Ms 1940-1941 A&O 4 Kb School 1962-73—M&N 4s Sewerage 1950-55—M&N 2M« 1940 to 1956 M&S 3s 1940 to 1946 M&S Nassau County-— 5s 1940-1943M&N 4MB 1940-1944 A&O 4s 1940-1947 J&D 3Kb 1944-1961 J&J 123% 121M H8M 118M to 2.45 to 0.60 b 0.70 3.75 122 b 0.30 b 0.25 to 1.05 to.1.95 Islip 4s 1940-1951 M&S Ithaca 4Ms 1941-54 J&J Jamestown 4s Mar 20 '43 A&O Lackawanna 4 Kb '40-'64M&N Long Beach 5ms 1953 1940-1950 1957 to 1.85 4.70s 1940-1965 J&J Huntington (T) 4s '41-'52,J&J July 1 1940-1964 J&D -M&S J&D b 0.25 „ 3b 1965 2.30 to 1.85 b 0.15 b 0.75 1940-1967 Hempstead Un F S D No 1— 6s 1940-1954— M&S b 0.75 Hornell 4Ms 1940-1947--F&A b 0.50 Hudson Riv Regulating Dist— 4Kb 1940-1965.-J&J b 1.00 3s June 1963 May, to 0.60 b 0.15 b 0.15 _ 2.00 2.25 to 2.50 to 1.80 Hempstead (T)4M8'40-59 A&O Hempstead 4Kb 1940-65 M&S MEXICO 0.50 b 2.60 to 2.10 1940-1965 J&D b 1.50 Groton 6s Wat *40-'50—M&N b 1.10 Harrison (T)— 4Mb M&N b 0.30 b 0.40 to 2.15 b 0.15 2.50 to 3.25 to J&D 126 M Corp stock 1967--J&J 122 M Corp stk 1971-J&D 15 123 M July 1,1940 to 1955— b 0.35 Jan 1, 1977 J&J 120 M 117 1960 M&S Mar 1, 1962 M&S 117 Mar 1, 1964 M&S 117M April 1,1966 A&O 117% Apr 15,1972—A&015 118% Rap Tr & Wat '74 J&D 119M Feb 15. '41-'66_F&A15 b 0.50 Feb 15.1976—F&A15 110 Nov 15,1978 M&N15 121 Mar 1, 1981 M&S 122 116 4s Oct 1,1980 —A&O 4s May. 1977 M&N 115M 4s Nov 1955 M&N 110M 4.40s 2.30s 2%s 2Kb 2Kb 2Kb to 1.85 Greenburgh U S Sch Dlst No 9 b 4Mb 4Mb 4Mb 4Mb 4Mb 4Mb 4Mb 4Mb 4Kb 4Kb 4 Kb 4Mb 4Kb 4Kb 4 Kb 4Kb 4Kb 4Mb 4Mb 1.75 to 1.90 (T)— 4s 1940-1951 to 1.50 to 3.75 to 2.15 2.90 March 1, 1940-1947-Essex Co 4s 1940-1956—M&S Free port— 4.20s 1940-1945 M&N 4.20s sewer 1946-1960-M&N 4Mb 1940-1951 M&N 4.40s 1940-1950 M&N Garden City 4 Ms 1940-52-J&J to 1.00 b 0.25 b 0.30 4Kb Water 1940-1945.A&O Erie County— 4 Ms 1940-1959 1.50 0.50 0.75 0.75 b 0.30 Cortland Co 4Kb '40-'51.J&J Delaware Co 4.20s '40-'52A&0 Dutchess Co— 4s 1940-1946 M&S 4s 1947-1954 M&S East Chester— 4Mb 1941-1958 F&A Elmira— °.50 to 2.35 1940-64 Net M&N 4Kb 1940-1963 2Ms 1940-1947 to 2.20 b 0.15 3Kb 1940-1964 3 Kb ser F 1940-64—M&N b 0.40 Columbia County— 4Kb 1940-1959— 1940 Ask New York City— Authority— 4s 1941-1964 to 3.50 b 1.90 3 Kb 1941-1951 opt '40.A&O 3Kb 1940-1979 J&J Westfield— 5s June 15 1940-1960—J&D 4tfsl940-1966 A&O West New York— 4Kb Oct 1 1940-1968—A&O 6" School 1940-1961—M&N West Orange % to 1.25 % to 2.10 % to 3.35 % 0.75 0.75 2Kb gen fd & ref *40-68 F&A 0.75 2 Ms 1940-1954 M&N 0.75 Union City 4 Kb 1940-'64.J&D Par Union County— b 0.25 4Kb Oct 15 1940-1952 4kb Rd&Bdge'40-'47-F&A b 0.25 4s Oct 11942.— A&O 2.808 Gen Impt B June 1 to 2.15 Various 1956 M&N 4s Various May 1957-M&N 4s Nov 1958 —M&N 3.40s Nov 15 '40-'55—M&N 3.10s Oct 15 1940-46.A&O 2.60% Relief 1940-45--J&J 2Kb Oct 15 1940-56—A&O 2.20s Jan 15 1941-1947-J&J 2.10s 1941-1949 J&J % 0.25 0.25 b 0.15 b 0.20 Impt 1942-1963-J&J 4Kb Wat Impt 1940-41-J&J New Rochelle— 5s 1940-1950 M&N 4Mb 1940-1965 .M&N • 5Kb 1944 0.35 0.25 1950-1965 1.75 4s 1940-1972--. Auburn 1.60s 1940-1958.F&A b 0.25 2.75 -.M&S —J&D J&D A&O 1.75 Binghamton— 4Kb Oct 1 1941-1971—var 2s Mar 119401956 —-J&J 1941-1970 1.85 M&N b 0.30 to 2.75 to 4.40 ... Albany Port District— to 2.10 to 1940-1979- 4s June 151960 4s 1940-1958 4Kb School 1941 F&A 4kb Imp & sch '40-'60-J&D Sussex Co 4 Kb '40-'44 M&S 4s Impt 1940-1955—-M&N Tenafly 4Kb 1940-1963.F&A Trenton— 5Ms 1940-1951 A&O 5e School 1940-1955 A&O 4Kb 1940-1966 F&A 4Kb 1940-1960 F&A 1.70 4Kb 1960M&S 3 Ms Fund 1940-1941. M&N 2 Kb refunding 1941-'57.J&J Albany (City or)— 4 k 1940-1969 —M&N 4 % 1940-1970 J&D 4s Munic & Sch '41-'63_J&J 3 k 1940-1971 J&D 2KB 1940-1953 M&N 2kb 1940-1978 M&S 2% 1940-1955 M&N South Jersey Port District— Marine Terminal— 4 Kb 1940-1973- to 1.30 1.80 " 4s Wat to 1.90 Albany County— 99 100 5s Feb 4Kb 1940-1952 3.00 b 0.25 April 1944 4%s Water 1940-64—M&S2 b 0.15 Unemployment Relief— 2Kb July 6 1940-1947—J&J General State Improvement— 2Kb July 6 1940-1962-J&J 1 Kb Sept 10 '40-46-M&S 10 Emerg Unemploym't Relief— 2Kb Sept 25 '40-'43_—M&S 2Kb Sept 25 '44-*45—M&S 1Mb Sept 101944-1946— b"0.25 to3~.65 4Kb to 2.15 M&N 15 A&O Eliminat'n of Grade Crossings 2%s Dec 8 1940-1987—J&D to 3.40 5s Impt 1940-1948 b 0.15 b 0.15 2%s 1940-1969 1Kb 1940-1979 to 3.25 4%s Refunding 1944--M&N 4%s Water 1940-1970-J&J Passaic County— J&J 4Kb 1940-1946. 4Kb 1940-1968 J&D Pater son— 5Kb 1940-1959M&N 4Kb Feb 1 1945 F&A 4KB 1940-1967 A&O erth Amboy— to 1.40 M&S Apr 15 1940-1955 A&O 3Kb Mar 15 *40-'81—M&S 15 3%s Mar 15 *40-'81—M&S 15 3 KB 1940-1949 M&N 15 3s g Canal Jan 1 1956 J&J 38 g Canal July 1 1958 —J&J 3s g Canal Jan 1 1959—J&J 3s Canal 1957-1959 3s Mar 25 1940-1987 to 3.10 98 3.50 To or Bid Bonds Net Newburgh b 0.15 b 0.15 4s 4Kb 1940 M&S 5Kb General improvement 1940-1951 J&D b 0.75 3s Yield Basis To Ask b 1.85 J&J b 1.85 M&S b 0.15 4s Bidg constr *40-'49 to 3.60 Passaic— 1910-1969 1940-1968 °r N Y STATE (Concluded)— 4%s 1940-1957 F&A 4Kb Sch & wat '40-'69_J&D 4 kb 1940-1967 J&D North Arlington (Borough) Refunding 4s North Bergen ref 4s-4Ms Nutley (School District)— 4Mb 1940-1942 F&A 4KB 1943-1967 F&A Ocean CitySs 1944--F&A 45*s Impt May 15 1940-'56_ Ocean Co 4Mb 1940-'50.J&D Orange— 4Mb Sewer 1940-1964.A&O b 4Kb 4Kb Bid Bonds Net New Brunswick— South Orange— i 4s 1910 to 1944 6s 1940-1962 Yield Basis To or Bonds 4.15sl940-1952 M&S b 0.40 J&D 0.50 to 1.50 % to 2.65 Rome 4.10s 1940-1950—M&N 0.40 to 2.25 1.80s 1940-1945——M&N 0.40 to 1.40 to 3.00 „ Rye & Har'son Un Fr S D No 6 4.4081940-1953 F&A b 0.60 Saratoga Co 5s 1940 F&A 4Mb 1940-1955 M&S b 0.50 4s Sept 11945-1954 M&S b 1.20 to 2.75 to 2.15 to 2.10 I25 I STATE 98 Quotations for all securities are as AND MUNICIPAL BONDS near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis Yield Basis or Bid Bonds To or Ask Bonds Ask Bid 4He 1940-45.-J&D Schenectady— 4.30s 1940 1948J&D 4.15s 1940-1960 A&O 4s Oct 15 1910-1944.-A&O 2 He 1940-1955 A&O 6 0.25 to 1.60 Greenville 5s W W '58--F&A b 3.20 Guilford County— less 0.25 to 1.75 to 3.10 0.20 to 2.25 0.20 to 1.20 0.20 to 2.20 M&S M&S r&A 0.20 to 1.80 b 4He 1940-1957 M&N,. 1.25 ... High Point 4He 1941-48.J&J 6100 5s Wat Serv 1940-1968 J&D 101 Iredell Co 5s Aug 1 *42.F&A 6 2.30 4Hs 1940-1950 A&O b 1.50 Scarsdale _ 2.20s 1.80s 1940-1950 1940-1950 0.20 to 1.70 to M&S 0.20 0.20 Schenectady County— 4Hs 1942-1958 J&J 5s Dec 15 1940-1948—---(T) 4Hs'40-'53-M&N Southampton— b 0.50 to 2.80 M&N b 0.50 to 3.00 1 He 1941-1955 1.10s 1940-1949 to 2.30 6s Ref Nov 1950 Pitt County— to 1.90 -F&A Somers o _ 0.2o 0.25 M&S b 2.50 J&J b 3.90 1 1 101H to 2.50 b 0.20 to 2.00 5s Ref & Impt 1955 6 1.50 to 1.60 b 0.20 to 1.75 4He 1940-1962 A&O b 1.00 4 He Pub Imp 1941-60.J&J 1.00 1940-1946-———M&S 0.20 to l.oO 1972. J&J 46 H 44 Wilmington A&O b 2.75 less 0.50 to 4Hs Sewer 1910-1953—J&J 0.50 to 2.75 J&J 0.75 to 2.65 1.80 refunding 1948-56..-J&J J&J b 2.25 to 2.30 0.75 1940-1950--J&J b 0.50 DIst— 2.80s 1940-1958 M&N b 0.50 % to 3.10 % 4Hs 1940-1970 4Hs 1940-1965 due June 30 1940 to 1946— 6 0.50 6 0.50 2 He June 30, 1940-1948 6 1.75 2s June 30. 1949-1954 to 2.55 2.25 Tulsa— 5 Ha July 1946 F&A 6 2.25 5He Wat & Pk '40-*49.F&A 6 0.50 5s 1940-1947 F&A 6 0.50 to 2.20 Forks— to 2.60 4s Sewage Dls 1940-65-M&N 0.25 to 1.50 0.20 to 1.60 0.20 to 1.40 to 1.70 0.50 A&O 5 He 1941-1951 J&J 5s Water 1940-1953...A&O to 2.40 1.00 0.50 b 0.85 to 1.25 0.25 Canton School Dist— 5s 1954 to 16 —J&J J&J > 0.25 to 1.40 > 0.20 to 1.10 103 H 104H 4 He Dec 5 1940-1942—J&D 4.40s 1958. Cincinnati— 5 He Imp Feb 58 July i 1965 — '4&-'51— F&A to 3.10 4 He July 1943 to 3.50 4 He Sewer 1955 4s 1910-1956 0.25 to 1.50 1.50 to 3.05 Bldg 1940-59—M&S 0.25 to 2.70 J&D 2.70 to 2.90 J&D J&D -J&D 2.60 0.25 J&J 0.20 to 2.00 4Hs 1940-1959 (reg)—M&S 3.90s 1940-1954 F&A 0.50 to 2.90 5s W W 1940-1968 0.50 to 2.80 2He Sept 1 1943-49. 1.50 A&O 0.25 m to 2.75 0.50 1.50 to 2.50 0.50 Refund'g 1 He July 15 '59 to 2.50 % % to 2.40 % to 2.00 0.60 to 1.75 to 1.25 % to 2.90 to 2.80 4 0.50 to 2.75 to 2.35 0.50 to 2.75 0.50 to 2.80 0.50 to 2.50 0.50 1.70 to 2.80 to 2.75 to 3.40 to 3.20 Columbus— 1940-1963 to 3.30 6s 1940-1957 M&S to 3.00 4 He 1940-1953.. 4 He 1910-1955 s-a 2 He 1940-1959 F&A F&A F&A to 2.80 to 3.25 1.00 1.00 to 3.00 1.00 to 2.75 1.00 to 2.60 to 2.75 Columbus S D— CAROLINA J&D 19 6 1.50 to 2.50 A&O He 1940-1943 A&O He Road 1940-1941— A&O 0.75 to 2.40 0.75 to 2.25 0.75 to A&O 0.75 to 0.75 to 2.60 5s 1943-1952.. J&J 2.35 2.25 0.50 to 2.35 4Hs 1940-1968 J&J A&O 0.50 to 2.35 4 4s 1940-1968 A&O 0.50 to 2.35 4 A&O A&O —J&J 0.40 to 1.35 4s 1940-1941 1.45 to 1.65 0.40 to 1.60 J&J b 1.65 J&J h 0.60 J&J b 0.65 Cuyahoga County— 4 He 1940-1944 Dayton— 5 He W W Imp to 0.75 1.55 5s W 41H 40 H 41H Cleveland East M&N M&N M&N F&A 0.50 to 2.10 0.50 to 2.60 East 0.50 to 2.65 0.50 to 2.30 F&A 2.30 to 2.40 M&N 0.75 to 2.35 4He gen imp "0.76 0.75 to 2.50 0.75 0.50 to 2.60 0.50 to 1.60 Lakewood— 0.50 to 2.20 0.50 to 2.40 1.75 1.00 less 1.00 to 3.35 3.10 less 1 3.10 less 1 1 to 3.35 to 2.00 % 0.75 99 H to 2.90 to 2.40 0 Allentown— 4He Sewer 1940-1959-J&D 6 1.00 to 2.40 Altoona— 4Ha Water 1940-1960.M&S 6 1.25 to 3.20 Bethlehem School Dist— 6 1.00 to 2.20 4s 1940-1915-1950 103 H Braddock 4He '40-'41-_M&N 101H Cambria Co 4He Nov 1 '40-'45 6 1.30 to 2.50 Del River Jt Comm Bridge Easton-Phillipsburg 4 He. 1961 .F&A 106H 114H Easton (Water Works)— M&8 F&A 6 1.00 6 1.00 to 2.30 to 2.40 % % 4Ha Jan 1 1941-1940. Fayette County— 4He Highway 1952 J&D 6 1.00 to 2.20 % 6 2.90 2Hs 1940-1960 4 He 1940-1960 Lancaster 4Hs to 2.00 _ 1.00 to 1.50 1.00 1.00 to 2.25 0.75 to 2.50 0-75 to 3.00 to 2.50 1944—MJcS, — are to 1.50 • 2.60 % Harrisburg—■ Lima 5H" Sewer 1940-1947.. 5s Sewer Feb 1 1940-'51 F&A since Jan. 1,1913, 1 1.40 Bridgo 1942 F&A 1940-1958 /.—M&S &Tbo" to 2.40 2 Ha Dec 1 1940-1905—J&D 6 1.00 to 2.25 2H Apr 1 1940-1967..A&O 6100H to 2.25 2 He 1940-1968 J&D 6100H to 2.25 100 2 He 1940-1961 F&A 6100H 6 0.80 4s May 15 1910-1953 Jeanette 4 He 1940-1950-M&S 6 1.20 Lackawanna Co 4s 1944-F&A ——A&O 4 He 1940 .J&D 2 Mahoning Val San Dist— 4He water 1940-1952..A&O Martin's Fy 5s 1940-'44_M&S H less to 1.35 4s to 2.50 % '40-'41.A&O Lucas Co 4s O H less 4s to 1.25 IJverpool 4s 1940 4 He Oct 1945 5s Pa^k & Imp 6 0.30 1942, 6 0.30 1945, 1947. 1950, 1952 3Hs Turnpike Revenue— 98 1947-1968 F&A Allegheny County— 4 He 1940-1902 A&O 6 1.00 4 He July 1910-1958 J&J 6 1.00 Erie S D— 0.75 Elyria 4Hs 1940-1952—M&S 1.00 5s W W 1940-1940—-J&J Fostoria 5s W W 1940—M&S Hamilton County— 4 He 1943 F&A 4Hs Sewer Oct 1 1940-'47__ 6 0.75 Durham County— to 2.80 _ 1940-43..A&O J&J J&J 4 He Sept 1 1967opt'43- . Dayton School Dist— 5Hs 1941 -M&S 5s Mar 16 1940-1940-M&S10 Hi 1940. 1944. 1949 Phlla-Oamden— 1944—J&D Imp 1945 F&A 1940-1951—M&S 4Hs 1910 —..M&S 4 He 1941-1961 M&S Asheville— 40H 1.50, 1.50' W 4 He Bdge to 1.00 75 H 4s Highway Apr.11940, to 3.50 to 3.40 to 2.50 73 H 0.50 4s 1940-1958. F&A b 0.50 3 He 1943-61 ..J&D b 2.50 b 0.75 3.30s April 1 1940-1956 b 0.75 3.10s Oct 1 1940-1964 2.80s 1940-1959 M&N b 0.75 to 2.70 0.60 Refunding 3 He 1965—J&J to 2.90 Ohio municipal bQnda Issued 0.50 1.50 to 3.00 Port of Astoria— to 2.40 ♦ to 2.40 2Hs Ref imp '40-*45—M&N to 2.50 H« 1940-1951 J&D Forsyth Co 4 He '40-'58-J&D Greensboro— 5a Water 1942 F&A 4Hs 1941-1963 J&J 4 He 1940-1965 F&A 4s Water Works 1954 J&J Refg 3 He 1967-1962— J&J b 0.60 1.75 0.60 0.50 M&N 0.50 0.50 4 to 2.70 to 1.75 0.50 0.50 M&S 0.50 M&S Cleveland Heights S D— 6s 1940-1959 A&O 6 0.50 4 He 1940-1966 J&J 5s Water 1941 to 1945-J&J to 2.75 J&D 2He 1910-1951 3 H» 1940-1959 3s 1960-1977 2 He 1941-66 Durham— 2.40 —J&D 2 He 1940-1951 1940-1970 1940-1979- 37 to 1.75 PENNSYLVANIA 3s 4 He 4 He 35 0.75 JH% Tax anticipa'n notes— Series "E T" May 311941.. 6 0.40 5s July 1 1951 Series O J&J 6 1.50 to 3.50 Charlotte— 5 He 1940-1948 to 1.25 to 1.00 1.90 to 3.50 July 1 1976 Buncombe County— l-4s gen ref July 1 1976— 0.60 0.60 6 0.60 4 He 1940-1960 M&N 4 He Ref Water '40-'53.J&J 4s Water 1940-1958 J&J 3s Ref imp 1940-1947. J&D Cleveland— to 3.40 l-4s gen ref to 1.75 to 2,25 to 2.25 to 3.00 to 2.80 0.50 1942-1943— 1943-1946 1.00 1.25 0.60 to 1.90 0.75 1 Hs 1 He to 2.10 to 2.25 0.50 5He Jan 1941-1961---A&O 2 He 1940-1948 to 2.20 July 15 1940-1945.J&J15 4 He Dock 1943 0.50 to 3.50 2s 1948-1949 2.75 2.00 Portland— to 1.50 2s Sept 1 1940-1963 M&S 1 He Wat. wks. '40-79 M&S Cine Southern Ry— to 3.50 3 He 1940-45 2 He 1946-47-48 to 1.75 2.15 4a to 2.00 1.00 NORTH 6 3.00 5s Harb Dev 1940-50-M&N 1.60 0.50 0.75 1.00 5s July 1961. 4 He 1941-1962 J&J 4Hs Bridge 1940-1944.J&D 4 He 1949-1956 F&A 4s Bridge 1945-1955—.J&D to 2.10 A&O 2H* gen & ref July 1 ,43-*46 b 2.00 2Hs 1940-1954 A&O b 0.50 Ref 1-5% 1967 Multnomah Co— to 1.25 0.50 Yonkers— 4He July 1 1940-1962.A&O 4He Mar 1 1940-1956.A&O 6 0.50 Astoria— to 2.75 3 He Sept 1 1940-1962 2 He Sept 1 1940 to 1956— 2 He Sept 1 1940 to 1970.. 5 He 1940-1970 A&O .00 to 2.00 dIco Wolcott— 5s 1940-1961 to 3.20 0.50 4He Grad Oros'40-'54-A&O 4 He Fire Dep '40-'55-.A&0 4 He 1940-1950 M&S 4s Sewage 1940-1958—M&S 3 He 1940-1949 A&O 3 He 1940-1956 A&O 3 He 1944-1953 M&S 6s Feb 1 1940-1952 to 3.10 1.00 M&S White Plains— 4Hs July 15 1940-1942-J&J b 0.50 1.00 J&J J&J A&O to 3.15 0.25 May 15 1940 3He May 15 1941-1945— 4 He H'way '40-'49 (s-a) _A&O 4s Highway 1940-1942._A&0 4s Highway 1940-1941—A&O A&O 0.50 3Hs 1940-1951 1952-1980- County Multnomah Co 3 D No. 1— 3.00 3 He 1940-1963 2s 1940-1951 0.50 to 2.00 2 He to 3.00 5H» highway 1940-'53.F&A Warsaw Union Fr S D No 10— > to 3.25 tfT3.00 Canton— 5s Sewer 1953 M&S 6s Water 1944-1959—.A&O 3 He to 1.75 to 1.25 1.00 1.00 Ashland 5He 1940-1944.A&O J&J 1.00 0.75 Allen Co 5 He 1940-1950.A&0 4s June 1 1959-1964 2.25 % -A&O A&O 4He 1940-1956 A&O 4s Water Works 1942.A&O 4 He 1940-1947 4 He 1940-1952 to 2.40 4s Co to 2.40 OREGON Akron 6s 1940 to 1.40 0.20 0.20 > 6 3.25 to 1.20 0.20 > to 1.75 (See footnote *) to 2.20 4Hs San Sew '41-'82__.J&J 4Hs Parkway 1962-86-J&D 4 He Co Bldg 1940-44.-A&O 4He '44. *45. '56 & '69 J&D to 1.50 to 2.00 to 2.50 to 2.00 4Hs Bridge Rev '67-M&S Westchester County— 6s 1940-1976 J&D 1940-1947—.M&S 6 0.50 4 He Water Works 1941 J&J 6 0.75 5 D 4Hs 1941-1953 J&J 6 0.50 Highway 4 He 1910-'46 A&O Okmulgee 5s Mar 15 1943 6 0.20 1.50s 1940-1946 Thousand Islands— Muskogee— 4Ha Aviation 1941-53..J&J 6 0.75 Oklahoma City— 3.20 % 3.20 b 0.25 4 He 1940-1953 5s 1940-1945- to 2.35 4Hs July 1951 & 1955...J&J b 3.75 4 He Jan 1957 J&J b 3.75 Fargo 4s Aug 15 1940-1954— 6 3.25 025 1.75 — % b 0.35 Oct to 5s Water 1940-'50_F&A 4 He 1940-1942 Water town— to 1.75 112 H to 3.20 % OHIO Warren Co 4He to 2.50 1.00 0.75 Oklahoma Utlca— 3Hs May 15 '40-'51.-M&N Revenue 2.75s 1940-66 A&O Rev 2.60s 1967-1969-A&0 1.4081940-1969J&D 2.00 2.75 to 2.50 0.25 4 He Pub Imp '40-45-J&J15 4.20s 1940-1949 F&A 4.15s 1940-1950—-M&N 4.10s 1940-1946A&O 3.90s 1940-1948. F&A to 2.75 2.00 0.25 A&O J&D J&J to 1.25 0.75 5s Farm L'n 1941-45&'50 J&J b 3.00 5He 1945 & 1948 ser O...J&J b 3.25 Grand ^HT 1940-1950 1.00 Funding 1H% to 2H% NORTH DAKOTA to 3.00 Union Free Sch Triborougd Bridge— 4s s frevenue 1977 A&O 111H 4s serial revenue 1942-*68— b 1.25 3s refunding 1956-68 % 1.50 % °.75 OKLAHOMA to 1.85 to 2.85 % 6 He Water to 2.75 1 to 2.80 0.75 4 He 1940-1958 4s 1940-1950---J&J 5 0.50 0.50 2.50 1 M&S M&N 15 4 He 1940-1973.... % to 3.00 Water to 3.00 3°00 to 2.75 ) 5s Sept 1940-1947 0.50 5s 0.50 Winston-Salem— See Watert own" Ticonderoga S D No 5— Thousand Isl'dse Tonawanda <City ofj— 3 He sewage 1941-69—J&J 4 He 1941-1942.—--J&J 0.50 to 2.75 4Hb 1940-1953 M&S 4He Nov 1 1940-1953—_ 4s Park July 1 1942—J&J to 4.80 100 to 2.00 to 2.75 to 0.50 4HB 1940-1959 A&O 4 Ha 1940-1950 A&O Youngstown— 6s Bdge 1910-1941 A&O 4Ha 1940-1957 A&O Youngstown School Dist— 4 He 1944-1947M&S 5s 1910-1944. M&S Zanesville S D 5s '40-'43.A&0 less Rutherford Co 5s '40-52.-J&J 6100 to 2.00 % % 2.70 % Toledo School Dist— A&O Salisbury 6s 1940-1941. .M&N Transylvania County— Refunding 1H% 1940-1942 2% 1943-47, 2H% '48-'52 3% 1953-57 and 4% 1958- to 2.75 to 2.60 to 2.50 to 2.75 to 3.50 to 1.75 to 1.60 to 1.50 to 1.00 0.50 to 3.05 to 2.00 to 1.50 to 2.25 to 1.75 to 3.00 3s 1955-1970 Randolph County— to 2.40 to 1.25 5s W W 1910-1944 F&A 6 0.50 6s Pub Wharf 1960—M&S 5s Sewer 1949 M&S 0.50 4He 1910-1954 M&S15 b 2.80 „ b 0.50 1 to 2.90 1951-1956 b 0.20 J&J less M&N,6 2.75 3He b 0.20 4He July 1940-1958 to 3.00 to 3.25 1946-1950 1940-1971---—J&J15 2.20% 1940-1957 M&S 2s 1940 1956--M&S 2.10% Aug 15 1946-1947—lHa 1940-1948 F&A lHs 1 4 He 1940-1947 F&A b 1.25 4Hs 1948-1959.......F&A b 310 to 2.10 Not Ask Toledo— less to 3.50 to 2.80 to 2.10 0.20 ref 1940-57 M&S 0.20 2.20s June 1 1940-1962 J&D 0.25 Sullivan Co 4Hs '4b-'45-A&0 Syracuse— 5 He 1940-1960 M&S b 0.25 4 He 1940-1944—----M&N b 0.25 4.20s Dec 15 *40-71 J&D15 b 0.25 4s 1940-1946 -F&A b 0.20 3Hs 1940-1951 J&J15 b 0.20 2 He High & 3s less to 3.50 M&N b 2.40 to 2.25 A&O 1940-1951—---F&A 1940-1957 4 He 3 He to 3.20 Conservancy Dist— 0.50 5Hs (1 to 5 yr mat*y)_„J&D 1.25 5Hs (5 to 10 yr mat'y).J&D Montgomery County— 1.00 5s Flood Emerg '40-'42 J&D Newark 4 He 1940-1941.-A&O 0.50 Portsmouth City S D— 4 He 1941-1950. J&J 6 1.25 Springfield— 0.50 4He 1940-1949 M&S 0.50 4s 1940-1955 M&S Summit Co— 4H 1910 A&O Raleigh— 5s Impt June 1 1944.-J&D b 2.25 4 He 1940-1967. A&O b 1.00 4s . M&N b 2.20 4 He 1943-1947 5s Fund June 1959 . „ 5s 1940-1971 Suffolk County— 0.75 0.25 Bid Bonds Miami 1 Mecklenburg Co— „ , Solvay 4 He 1940 Lincoln Co— 5s Bridge 1940-1951.—F&A b 1.00 1,50 to 1.60 To or Net to 2.00 % to 2.70 % 2.30 Conty— 1940-1960. F&A 6 0.75 Lancaster 8 D 4s May 1945 Lower Merlon Two 4s 1945 to 2.25 ?25 1.25 McKeesport Sch Dist— 4He 1940-1943 M&N 6 1.25 to 1.70 % Mercer Co 5 He '40-'47..F&A 6 1.20 to'2.50 AO Norristown S D 4 He 1943-J&J Philadelphia— 5a Jan 1951. J&J 117 5• June 1 1962 opt *52.J&D 118H 5s June 1 1982 opt '52.J&D 118H 4Hs May 1948 J&J 110H 112 H 4He Nov 1 1948 J&J 111 taxable, all bonds issued prior to tha' date are tax-exempt, i 6 Basis, f Plat price. Feb., 1940] STATE AND Quotations for all securities are as near as MUNICIPAL BONDS Yield Basis Yield Basis To or Bid Bonds Bonds SOUTH 107 J&J J&J 113 4s July 26 1972 J&J 3%s July 1 1986 opt 1956.. 10824 110% 10914 10314 10514 11014 104 J&J J&J J&J 4s Jan 1 1946— 4s Feb 16 1955 4s Nov 1 1966 3%s Jan 1 2%s Jan 1 106 1946-1960.-J&J b 2.10 1.90 % 99 to 2.85 Operating Revenue— 154s Apr & Oct 1940-1941 Pittsburgh— 4%s 1940-1950 J&D 2Its Sch Dist 1940-62.A&O 2Ws July 1 1910-1956-J&J 2%s Feb 1 1940-1958.P&A to 1.75 to 2.80 b 0.90 b 0.75 to 90 95 100 70 80 95 99 3s 2.15 to 2.20 to 2.70 to 2.10 to 2.75 to 610014 610014 to 3.00 to 2.55 6 1.20 to 6 0.70 to 2.00 % 1.40.% 0.50 to 0.35 to 0.75 1.50 M&S 1.35 2.00 2.25 J&D 2.25 J&J -4.00 >1.00 2.10 >•1.00 2.60 to 2.75 to 2.75 to 1.25 1.00 to 2.50 0.75 to 1.00 2.00 1.75 2.00 ' DQ0 Ref 1941-1948—J&J 48 Jan 1 1945 J&J 1.25 1.10 Refunding Refunding Refunding Refunding 4s Oct 1 1954. A&O 2.00 General 4s May 2 1957 M&N2 2.25 2.35 2.50 2.50 2.20 2.35 2.35 2.00 2.00 2.25 4.UVJ 2.00 /O 2.20 % General 4s Water 1962 4s Oct 1 1964 4s 1910-1950 3s 1944-1951 254s 1951-1959 214s 1940-1957 J&D A&O J&D ....J&D F&A P&A 2s May 1 1940-1958 WPA School Loan— 0.75 to 1.15 to 2.00 to 0.75 to 0.50 3s 1946-1965 J&J 6 1.25 to to 2.35 ; Funding % 1.50 % to 3.10.% to 3.10 % 1.50 % to 3.10 % to 2.751% to 3.10 % 1.75 % Gas Plant— 3%s 1940-1944 2.10s 1945-1954 Electric 3 Hs 2.10s J&J of to 2.75 1.00 314s Refunding 1940-1955 State Highway Certificates 1.00 to 2.60 3s 1940-1952 —J&D J&D J&J A&O 1.00 to 2.50 1.00 1.00 2.30 6s 1941-1942 58 March 1940-1960 to 2.50 1.00 1.00 % to 2.50 to 2.80 % to 2.40 % to 2.30 % 4 Ws Highway 1940-43.F&A Charleston 4%s Jan 1942-J&J 1.00 2.50 814s Wat Wort* *40-"78A&O Columbia 5« Ref 1941..M&S 414s Water 1945 J&J to 2.25 J&J 1.00 2.25 2.30 2.25 8 Ha water ref 1940-76 M&N 1.00 to 3.25 Greenville County— 4Hs 1910-1955 J&J 4Hs Highw 1940-1945.F&A Greater Greenville Sewer Dist 1.00 1.00 to 2.75 % * 4%e 1967. M&N 3s sewer 1940-1958—J&D 214s sewer 1949-1958.J&D 4.00 1.00 1.75 2.25 2.10 1 i to 2.30 % 3.50 % to 3.00 % 3.00 to 3.25 % 1.00 to 2.80 % Kershaw Co— 5s Highway 1940-1946.F&A Marion Co— 4%s 1940-1941 M&S 1.00 Spartanburg— 4Hs Water 1941-1965.J&J 6 1.00 5s Nov 1 1943 Spartanburg County— 414 s 1940-1917 Sumter County— „ to 2.75 to 2.60 J&J 1.25 to 1.00 to 2.70 % % 4%sref Apr 1 1953-1964— 6 3.50 Road 1948_ 5 3.20 5 0.50 to 2.90 5 2.50 2.30 5 3.00 2.90 5 0.50 to 2.75 5 0.50 to 4s Refunding 1942-1951 J&J Burlington—. 4Hs City Hall 1940-55-J&D 1922 3 %■ 1940-1952 4s 1953-1977 3.00 % 1.90 2.15 0.75 1.75 2.00 to 2.35 2.70 to 2.20 | 2.50 I to 2.75 % to to 2.75 to (Commonwealth) °"s 1962 2.00 % 2.30 2.15 0.30 Refunding 1947-*60—J&J A--8 Refunding 1940-*46—J&J Alexandria— 3s 1910-1973-J15 to 92 2.75 % 2.50 % 2.20 @ 1.00 to 3.30 % to 3.90 5 3.60 % 3.40 % 5 3.75 3.50 % 98 to 3.50 % to 0.75 to to 3.00 % 2.50 % to 2.80 % % 3.10 t® 3.40 to % 3.40 % 1.70 % 2.60 2.75 % J&J 0.40 to F&A 0.55 to 2.95 % 5%s School 1941-1953—J&J 1.60 to 3.25 % 5s 1962 opt 1942 5s Water „ 1.65 2.90 5Hs 1940-1954 Bristol— Charlottesville— % 2.30 % 2.05 % 1.50 % to & D 15 Arlington County— M&S Impt 1958-. .J&J Danville— 4%s July 1 1940-1950--J&J Fairfax Co 4%s 1945-F&A2 Henrico County— School 5s 1941-1950—J&J 4%sJune 1 1957 J&D Lynchburg— 4s Pub Impt 1941-1959.J&J Newport News— 4%s 1940-1958 F&A New folk— 4%s 1940-1972 5% Water May 19521 5% Port Terminal May *52Petersburg 4%« 1952—A&O Portsmouth— 5%s 1951 f&a 4%s 1940-1954 J&J 5s Water 1948— J&D Richmond— 4%s 1958-—J&J 4%s July 1 1964 J&J 4Hs July 1 1941 J&J 4Hs July 1 1965 J&J 2%s 1940-1953 J&J l%s Jan 1 1941-1960 Roanoke— 2Hs Water 1940-1968.A&O 2Hs Jan 1 1941-1958—J&J 4%s 1940-1956- 1.40 % 2.70 % 0.35 2.80 6 to 2.70 % 2.45 % 0.30 to 2.60 % 2.65 6 0.30 0.55 to 2.25 to 0.30 to 3.35 2.55 3.05 less less 1 3.10 0.80 less 1 1.85 less 2.15 2.20 less^l to 3.05 lass^l 0.45 less 2.15 0.30 0.25 to 1.85 0.30 to 2.55 95 1 to 1.70 to 3.25 to 2.45 0,30 to 2.25 J&J 6 0.55 to 2.80 to 3.60 Washington County— 1 Optional to Jan. 1, 1943 at 104; 1948 at 103; 195^ at 102 and 1958 at 100. % jl to 3~40 % 2.90 1 0.30 to % 2.80 % 0.30 Staunton 5s 1940-1958—M&S Tazewell Ce 5s 1941-46—J&J 100 5s school 1941-1949 / Flat price. 2.20 2.30 1.10 to Albemarle Co 5s 1948 to 1.00 to % A&O b 1.09 A&O b 3.10 to_2.60 to 4s to 2.35 J&J 6 1.00 J&D toU .70 VIRGINIA to 2.35 6 0.50 1954.M&S A&O b 1.25 0.50 0.50 1.90 6 1.00 to 1.90 88 J&J b r50 J&J b 0.59 J&J b 2.50 0.75 Rutland (School Debt)— 4s 1940-1948 —F&A 6 1.00 to 1.50 TEXAS 4%s 1940-1961 4%s 1940-1953 4%s 1954-1958 Beaumont— 5s Water Works 5s 1946-1965 4%s 1940-1970 toll.60 to,1.90 6 0.75 « 2.75 to 1.50 J&J h 0.50 0.50 0.40 to 2.20 5 2.65 5s Aud Mkt H'se 1949.M&S 5 2.45 5s 1940-1942 0.75 0.70 3%s 1940-1948J&D 6 Par | to 1.75 4%s Oct 1 1940-1949—A&O b 0.50 to 1.85 Brattleboro— to 2.30 Abilene 5s Feb 15 1959-1965-. 96 Amarillo 4%s *40-'58-M&S 15 b 1.00 92 VERMONT 2.70 % 2.75 % 5 0.50 5 2.00 19 and 3.00 to 5 2.90 5 3.75 97 pages STATES—See Q 3.00 F&A 5 3.00 4%% Jail 1940-1951—M&S Smith County— / 5%s Fdg 1941-1958 J&J Tipton County— 4%s Road July 2 *40-*58J&J Washington County— 5% Fdg Jan 1 1954 J&J White County— 5%% Highway 1955-.M&S to 95 5%s April 1 1941 —J&J l%s refunding 1940-1955 Ogden 4H% 1940-1945—F&A Salt Lake City— 5s Refunding 1941 J&J 4s Ref 1940-1945 A&O 4s Ref 1946-1965 A&O Salt Lake City S D— 4s May 1 1949 M&N 5%-2% % Refund *58-M&N Salt Lake Co 4%« Apr 1 1942 3.40 l'.60 1.50 to 3.40 UTAH 104% 104% 104% 104% Shelby County— 4s Courthouse 1957—A&O 4s 1942 opt b Basis. to 270 % to 3.00 Austin— 2.80 % J&J b 0.75 Wichita Falls— UNITED 5 1.50 5 1.25 to 3.25 2.75 % 5 3.60 J&D to 3.25 4%s Water 1940-1968—J&J b 1.00 Wichita County— 1 2.50 111% J&D 2.00 % 1.00 to 3.25 3,75 J&J b 0 50 -.F&A b 0.50 Waco— % 3.50 5 3.15 Robertson County— % 2.25 % 6 2.50 J&J to 3.80 110 A&O 5 0.50 2K8e 1946-1959—IIJ&D Polk Co 5s 1910-1946 to 3.20 M&S 5s 1941-1952 York County— 4%s 1941-1950 to 3%s 1942-1945 _ to 3.25 5s Water Works 1942—J&J 105% 4Hs 1940-1967 J&J 5 0.50 4Hs 1940-1948 M&S 5 0.50 Electric Power Revenue— % 2.35 % to 3.25 % to 385 4%s 1941-1967 4Hs 1940-1968 3s July l 1940-1951 4.30 % 108 M&S 5 0.50 5s Memorial Sq '40-50.M&S 5 0.50 4%s Hospital ^l-^e.-J&J 5 0.50 4%s 1940-1968 M&N 5 0.50 2.00 to 2.50 5%s W W 1940-1965.M&N b 0.75 5s Sept 1940-1959 M&S b 0.75 5s St Impt Dist No 2 1943 I 5s Cumber¬ land River Bdge 1953.F&A 5 3.20 Co— Greenville 5a St 1942 1.75 to 2.10 80 107 J&D 5 1.00 J&D 5 2.00 to 2.25 to San Antonio— 1 Nashville— 214s 1945-1954 114s 1941-1950 F&A Aiken Co 414s 1940-1945.F&A Anderson 1942-1949 1950-1969 to 2.60 to 2.65 -—F&A b 0.75 3.60 3.70 104 % Plant— to 2.40 to 2.50 1949. 1954, 1959. 1964.—. b 1.75 „ 106 J&D 5 0.50 J&D 5 1.65 to 2.65 to 3.75 5a 1940-1970 „ 3.75 % 105 5 0.75 tb 2.60 Port Arthur— 3.00 104 Montgomery Co Indebtedness— 414s 1940-1953 314s 1940-1949 3.10 to 104 Funding"i952-l"962"."A&6 System Revenue— 3%s 1941-1954 J&J 3%s 1955-1958 J&J Madison County— 4%% Highway '40-'49 J&D Memphis 5s July 1954...J&J 58 River Term '40-'48.A&0 4%s Water 1940-1962..J&J 4%s Water 1949 J&J 4%s Park 1959... A&O 4 Hs 1940-1955 J&D 4s 1940-1954 M&S SOUTH CAROLINA 4s Institu'l 1940-1959 98 104 Electric to 3.25 4%s Impt 1940-55(s-a)-J&J b 1.25 4%s 1942-1947-----—— 6 1.00 Houston S D 58 Feb 1952-4%s 1940-1951 J&D b 0.75 Palestine 5s Sch Aug 1 1944. 96 104 Watflp A Us Woonsocket— 4H4funding 1941—..J&D 6 1.75 6s Fund 1940-1961 M&N 6 1.00 414s 1940-1967 J&D 6 1.00 414s Funding 1944 M&N 6 1.85 414s 1910-1967 J&D 6 1.00 414s June 1910-1957—J&D 6 1.00 5s Funded 1940-1959.-A&O,6 1.00 4s Funding 1947 A&O 6 1.90 4%s Jan 1 1958. 4%s Jan 1 19585s Jan 1 1958.__ 6s Jan 1 1958 Obligation 4%s Obligation 4%s Obligation 5s 5%s Sept 1950 General 4s to 3.25 J&D b 0.75 % to 3.20 4%s Apr 10 '40-'56-A&010 & 0-50 Houston— 4%s Sept 1940-1952—M&N b 0.50 4%s 1940-1957 J&J b 0.50 1.30 2.00 County— t 2.10 b 0.75 b 0.75 3.1 Harris Co— 1.60 96 2.85 J&D b 0.75 b 1.00 2.75 % % to 3.40 % to 3.25 to 2.40 3.00 % to 2.70 93 2.75 i to 3.25 to 2.50 5 1.00 5%s Impt 1940-1946—J&D 3.00 to to 2.75 to 2.25 b 0.75 5s 1940-1956 —A&O 6 0.75 Grimes County— 5%s Road 1940-54.A&O 10 6 1.25 2.40 4 Hs Bridge May 1 *51 M&N 53.00 Knoxville— 0.75 414s 1940-1959 1.25 1.80 Johnson City— 2.75 3.10 1.80 0.50 to 2.70 4% to4%% due 1969- 3.00 J&J J&D M&N b b b b 0.50 2.25 4%s 1940-1971 F&A 4%s 1940-1964 F&A 4s Refunding 1941 J&J Ind Sch D 4s ^O-TO—F&A 3%s Nov 11940-1967-M&N Galveston— 5s Grade Raising 1944-A&0 5s School 1940-1954.-M&S % 1.60 4H% Refunding 1957.A&O 5 3.70 5% Bridge 1944. 5 2.75 4%s to 2.60 to 2.75 to 2.80 A&O Fort Worth— 5s 1951 5s 1940-1959-,. 1.40 Jackson— Knox 5 0.75 6 0.75 6 0.75 A&O b 1.00 4%s 1940-1960 1.60 5 1.50 — Pawtucket— 414s 1950 414s Sewer 1952.. 414s Shool 1954 Providence— 1.80 4%s. 1940-1958 Hamilton County— „ 2.10 Sept 1 1946 4%s Highway 1947.._J&J 5 2.00 5% Co Memorial '40-'50J&J 5 0.50 Dyer Co ref 3 %-4 %s 1965 77 Fayette County— 4%s Road 1958 J&J 5 4.50 Gibson County— to 3.75 % 102 5s W W purch 1950 A&O 5s Impt Aug 1 1948—F&A less Davidson County— 0.75 Cranston— Newport— 514s June 1 1940-1953 414s Mav 1940-1942—M&N 4s May 15 1948 M&N 314s g High sch 1954.J&D —J&D b 1.00 1947-1948 —J&D 1.80 Sept 1 1944— 1.50 Sept 1 1945 b 1.60 1948 J&D 5 2.00 3.90s Sept 1 1955-1958 5 2.60 4s 1940-1955.. 5 0.25 4%s 1940-1967 5 0.50 4%s bridge 1944-1945 5 1.80 6s July 1 1943. 5 1.60 6s April 15 1946-1947 5 2.20 Carter County— 5s funding Jan 1 1959..J&J 90 5%s road * 92 Chattanooga— Electric Power Revenue— 2 %s 1941-1968 _J&J 5 1.00 2%s July 1 1969 J&J 5 3.15 4%s School 1956. —A&O 5 3.90 4%s Memorial Aud '52M&N 5 3.80 5s Hospital 1954.. M&S 5 3.90 to 2.30 to Ei Paso— 2%s 3%s 3%s 3%s 2.20 1.50 1% Relief 1942-1943. —M&S 114% June 1 1940-1943.-J&D 3% Public Wks 1951-56.M&S 4s 1941-1966 1 TENNESSEE >2.10 ISLAND 414s Mar 15 '40-73-M&S15 5s 1940-1942 A&O less to 2.10 b 0.75 6s 1940-1950.. .s. F&A b 101 Scranton School District— 214s Nov 15 1942-1971 to 2.10 to 2.50 1.50 b 2.30 to 2.75 5%s Dec 1 1940 2Kb 1940-1963 J&D 1.50 Reading 5s Impt 1943-49-J&J Schuylkill County— 4Hs 1940-1955 —J&J b 1.00 Scranton4%s 1940-1941.F&A 610014 4s Oharit Inst 1965 4s June 1 1977 b M&N 4%s 1940-1970 M&N 4% 1940-1945 M&N 4s School 1940-1951 J&J 2%s 1940-1957 J&J 2%s voted 1940-1958..F&A Dallas Co 4%s Apr 10 1951-. to 0.75 RHODE % to 2.60 85 2.15 to 2.10 -F&A 4Hs 1941-1956... J&J 3% opt rev 1940-48.-M&N Wilkes-Barre— 41*8 Impt 1941-1945—J&J York 414s 1940-1943 F&A less b 1.80 b 1.80 Ask oa— Dallas— 5s 1940-1900 b 2.50 10014 b 1.00 J&D b 2.40 — 1 b 1.25 Bid 5%s Impt Apr 10 1956-1966 b 3.25 Corpus Christ! 5s fd "67.F&A 101 % ess less Sioux Falls S D— Public Works Relief— 414% 1953 School District— 3s 1944-1964 b 1.00 & 2.25 County— 4-4 %s Jackson Co— to 2.85 J&J b 1.00 ..J&D b 1.00 4s 1940-1942 4s 1940-1956 tlra 1942-1958 Corson to 2.10 or Bonds Net 4%s fund 1940-'47.M&N15 Perkins Co refunding 3-4s Stanley Co refunding 4%s—_ Philadelphia School Dist— 4Hs 1910-1913 J&J b 0.50 4Hs 1941-1959 L-M&N b 1.00 4Mb Apr 15 1940-58.A&Ol5 b 1.00 Ask DAKOTA 1941 M&S 5%s Jan 15 1943 J&J15 4%s Rural Credit 1942—J&J 4%s Rural Credit— Due May 1 1943-'50..M&N Ref 4s Aug 1 *43-'49 F&A 3%s 1«43 to 1946... F&A 3s Feb 1 1947 F&A 3s Refdg 1950-1959. _F&A 112% to Bid 6s Sept '107 104 J&J 6 0.60 1941-45 Yield Basis To or mt Ask Philadelphia (Concluded) 4Mb 1976 opt 1946 4Hs Dec 17 1978 4s July 1942 99 possible for the closing day of the month preceding the date of Issue 2.80 STATE AND MUNICIPAL BONDS of the month preceding the date of issue 100 Quotations for all securities are as near as possible for the closing day b 0.50 1940—-—J&J b 0.50 4M% Gen oblig 1940-1943J&J 4% Gen oblig 1948-50 b 2.00 3 M% Gen oblig 1950-61 b 2.10 3M% Gen oblig 1951-52 b 2.10 Toll Bridge Authority— Revenue 4s 1968 J&D 100 Olark Co 5Ms '52 opt *33 A&O Refunding 6s 1953 M&N 64.00 to 1.20 to 2.20 to 2.30 oblig wat_1940-59 6 1.00 2.30 to _ „ Everett— 4 Ms Gen to 0.75 102 3.75 3.50 to Water revenue bonds— 2.60 2.80 1946— 4s 1946-54 optional 0.75 2s 1941-1945- 1.00 2Mb Water ref—1940-42 King County— 1.00 4 Ms Bridge 1940-49-M&N 4 Ms 1940-1950 M&N 1.00 Pierce County— b 1.00 4MB 1940-1944 < Port of Seattle— 1.00 6s 1940-1955 -M&S 1.00 4 Ms Jan 1941-1955 J&J to 2.40 2.00 to Spokane— 4 Ms Park 1962 J&J 4s & 4 Ms ref 1940-51—J&J 3 Ms Ref 1943-1954 J&J 4 Ms 1940-1954 M&S 5Ms 1941-1953 J&J 5s Imp Mar 1 1940-1942—Spokane Water Revenue— 4Ms-4Ms 1940-1941— A&O 4.00 Tacoma—Revenues— % 4Mb Water *40-*43 (s-a)J&J 4Mb EIL&P *42-'46(s-a)J&J % 4MsEIL&P,40-51(s-a A&O 4s Water 1944-1946 J&J — % I to 2.90 % 2.90 % to 2.10 % to to 2.90 to 2.90 6s 1940-1941 L & P A&O 1.50 1.50 5 Ms L & P 1940-1943 -M&N 6 2.25 5s Light & Pow 1942-56A&0 b 1.50 4 M Lt & Pr 1940-*58—M&N / Emergency Funding opt 44 ^ to 2.25 2.50 to to 3.90 4.00 to 2.50 6 2.75 6 1.50 6 1.50 5b Wat rev 2.90 2.70 2.75 2.85 2.90 6 3.25 6 1.00 to 6 2.00 to 6 1.00 to 6 1.25 6 1.00 to 6 1.00 to 6 1.25 6 1.25 to 1.60 6 1.00 to 2.10 6 2.25 to 2.50 3.10 6 3.00 to 6 1.50 to 3.65 3.70 to 2.30 Eau Claire 4Mb 1940-1944.J&J 6 0.50 to 1.25 Green Bay— 4Ms 1940-1947 1.25 2.00 to 0.50 to 1.50 0.50 to 2.75 J&D 6.0.50 to 1.80 A&O 6b W W 1940-1960—_M&N Madison— 1940-1949 1940-1951-J&D to 1940 J&J 3.00 .00 ..J&J 4Mb 1940-1945 4s 1940-1944 Milwaukee County— Milwaukee—5s to 2.50 6 1.00 4 Ms Ct H'se 0.50 0.50 to 1.40 0.50 0.50 0.50 1.00 to 1.90 1.00 to 1.50 1.00 2.00 J&J to 2.25 *40-*50 M&N 15 to 2.00 4Mb Sew Mar 12 1940-19454Mscourth'se *40-49 J&D16 Racine—4Ms 1940-*57-M&N 6s 1940-1941 -F&A —J&J 6 0.25 4Mb 1940-1943 —J&J 6 0.25 4a 1941-1950— ..J&J 6 1.70 4s July 1948-1952 3Ms 1951 and 1952— —J&J 0.65 ..J&J 3 Ms 1943-1952 0.25 3s Sept 1. 1940-1946— .M&S 1.25 2Mb Sept 1. 1946-1960- .M&S 0.15 .M&N 2 Ms Nov 11940-1962—. to 0.75 4Ms 1940-1950 Superior 4Mb Sch to 1.90 4s Road 1951 opt 1.00 0.15 to 1.90 Natrona Co S D No 2— to 1.30 to 1.40 Racine County— to 1.85 WEST VIRGINIA 58 Highway 1940-1946- —J&J 6 0.30 —J&J 6 1.40 4 Ms 1945-1954 2s Road 1940-1963 to 3.70 to 2.25 6 0.40 to 1.60 6 1.00 2Mb May 1 1944-1962- 6 1.50 to!2.40 WISCONSIN 1940-1954--J&J to 2.90 6 3.40 to 2.40 — 6 0.50 4 Ms to 2.90 _ Net Ask 6 0.50 6 0.50 5s 1940-1952 J&J Clarksburg 5s 1940-1953-A&O Huntington 5s 1944 Oct Morgantown 5s 1940-1948-J& J Wheeling— 5s Wat Wks 1940-1952.J&J 2.40 to Yakima— Seattle— 4Ms 1941-1959 opt--M&S General obligations— 4 Ms 1941-1955 A&O 4MB 1940-1957——A&O Munic Lt & Power Rev— 4Mb 1949-68opt *43-A&O 4s 1940-1953 M&N 3 M« 1943-1953——A&O 3 MB 1940-1954 A&O Net Walla Walla— 4Msrefwat To or Bid Bonds Charleston S D— Seattle School Dist No 1— 4s 1946-1950 M&N 6 2.20 WASHINGTON 6s Gen Fund Ask Bid Bonds Net Ask Bid To or To or Bonds Yield Basis Yield Basis Yield Basis "-j&D to 1.40 to 1.90 J&J *40-'44.J&J to to 1.80 3.00 to 3.50 to 1.80 WYOMING to 1.25 to 1.90 5s to 1.90 6 0.40 1941—A&O J&J 1940-1944 0.25 6 0.50 to 1.60 100 M 1Mb Road 1950-1951—...J&D lMsRoad 1944-1964— .M&S 6 1.00 to 1.85 Charleston— 2 Ms 1940-1958——..J&D 6 0.50 2Mb 1958-1972-—...J&D 6 2.15 to 2.20 to 2.50 / Flat price. b Basis. Quotations are as near as possible for the closing day of the month preceding the date of Issue \ Surplus Dec. 31, Par 1 Aetna Casualty & Capital 3,000,000 ] 7,500,000 ] 15,000,000 2 5,150,548 3,000,000 1,200,000 2,385,004 3,000,000 3,466,435 550,000 500,000 10 10 25 ► 10 10 - 5 1 i 100 1 3,396,613 375,943 200,000 1,272,601 1,000,000 3,343,740 : L0,857,420 2,000,000 4,547,339 1,317,678 1,000,000 353,581 300,000 5,200,522 7,500,000 5,000,000 7,875,522 1.973.048 1,500,000 2.159,517 1,000,000 3,000,000 10,934,125 1,000,000 2,332,123 2,000,000 4,112,115 5 l 10 1.000,000 ) 2M 10 - 10 - ) 10 25 - ) 10 ) Baltimore Amer (Bit] 2M ) 25 Bankers & Shipp (NY] (Boston) Par Ask. 100 - ) Buffalo Ins Co (Buff, 100 5 ) OamdenFire(Oamden) n Carolina (Wilmington N. C.)_ 10 500,000 5 400,000 10 5 - 1,500,000 150,000 16,777,037 20,016,996 5,357,420 5,561,485 1,492,496 1,923,319 1,425,908 4,681,385 75,899 881,417 12,083,301 1,194,528 2,564,981 918,486 5,866,118 9,101,043 2,398,081 3,246,998 4,589,103 2,411,373 5.246.165 950,596 722,209 30 sas ) - Colonial Life Merchants 400 New 8M 103 632 380 ^21M 29 M — — 503,712 tl6,135,536 2,073,653 1,478,210 Z20.065 2 23 M 7 30M 3M 25 H 8 72 3,000,000 27 M 29M 10 637,530 1,000,000 1.381.316 {20,150,811 30 31 2,507,100 {25,045,367 40 42 Occidental Ins (S F)__ Old Line Life (Milw)_ Pacific Fire (N Y) Pan-Amer Life (N O). 36M Peerless Casualty—— Phila Life (Phila) 10 5 )2M -2M 10 5 0 10 S 20 )2M 10 - 10 - Fireman's i) - 5 - i- 16.0 15 1 ) - (Hartford). 15 1,750,000 6,204,962 5,000,000 52,314,404 815,000 367,853 1,500,000 2,500,000 755.095 755,083 4,000,000 12,118,773 2,400,000 7,317,529 3,750,000 8,637,375 1,000,000 1,841,655 2,000,000 9.488.317 300,000 373,575 7,500,000 15,836,187 9,397,690 3,000,000 1,000,000 500,000 1,000,000 8,479,380 9,042,147 6,000,000 873,549 1.177.049 1.000,000 2,190,597 1.000,000 1,681,180 1,200,000 16,885,695 t917,070 9,112,384 19.726,149 971,660 3,043,075 381,277 2,372,349 6,420,674 15,466,927 3,609,991 8,654,847 259,259 12,691,358 13,456,785 6,503,077 2,248,841 916,633 1,299,562 - D - - - - b) 67 8,522,631 4,120,384 48 52 1,207,177 1.605,556 7M 8M 5 1,000,000 1,393,574 750.000 5,000,000 4,000,000 200,000 1,100,000 929,761 14,795,011 6,452,915 96.715 7,096.478 3M 26 M 60 M 4M 10 593,194 1,000,000 21,206,488 8,066,984 231,858 5,590,574 1.000,000 4,000,000 6,119,385 14 M 16 34 M 36M 47 49 50 M 52 Preferred 10M (New York) Protective Indemnity 9M 48 M 31M 68 5 10 10 10 1,000,000 4.201,288 8,150,000 24,838,632 2,000,000 1,694,093 4,000,000 5,704,764 12,000,000 52,819.019 10 3,000,000 7,517,340 5 15,000,000 50,466,464 10 1,000.000 3,161,557 10 10 4,932,000 1,000,000 5 20 Phila Nat Ins (Phila). Phoenix Ins (Hartf) 2M — 50 M Providence 33 69 M Reliance Ins 4,195,948 13,287,978 1,020,427 4,968,102 32,935.971 _ (Phila) — Republic (Dallas) 96" 31M 33M 11M 1,000,000 1,929,254 10 3,000,000 8,322,928 1,000,000 2,433,796 1,500.000 1,922,983 2,0 0,000 13,802,274 1.000,000 5,315,714 4,548,721 2,322,932 2,236,556 5,831,894 4,794,244 I 10 25 10 5 10 10 10 29 M 62 M SM 15 131 18 136 M 16 27 1.856,649 17$ 28M 106 M 110 127 M 130 26 24 M 12M 11M 130M 134 M 14 M 9M "lOM 2M „1M 15M 16M 83 87 17 »M 10 Island (Prov). American (Rochester) 2 10 10 5 10 45 M 26 M 28 43 45 10 M 21M 24 M 73 11 13 28 28 M 29 M 18M 29M 85 88 anty (Baltimore). 2 U S Fire (New York). 4 10 8 — St Paul F & M (St P). Seaboard F & M (NY) 25 Seaboard Surety (NY) 10 Security Ins (N Hav). Springfield Fire & Mar (Springfield, Mass) 10 (Trenton). 5 25 12 M 5 Stuyvesant Fire(N Y) Sun Life Ass'nce fCas) 100 Travelers Fire (Hartf) 100 U S Casualty convpref 2 U 8 Fidelity & Guar¬ 8,357,631 43,558,406 2,264,228 62 64 33 M 41 35M U 8 Guarantee Co— Univer Ins (N J) 43 West Coast Life 2M 1,060,041 1% 19M 21 70M 33 7M 22 M 35 28 29 M 25 M 3 27 M 1,866,405 1,000,000 4,000,000 23,912,397 814,309 1,000,000 1,000,000 1,000,000 2,000,000 3,839,180 831,574 9,594,343 669,168 855,000 4,012,609 27 29 240 245 . 5,000,000 13,740,691 12,033,372 2,122,829 1,000,000 2,057,265 19,089 832,348 500,000 2,000,000 18,118,208 {64,064,391 33,356,461 {836 992853 20,000,000 2.446.031 1,000.000 2,117,312 2,000,000 9,093,368 14,937,079 9,831,793 2,000,000 18,973,428 2,889.430 5,336,231 2,000,000 457,694 1,200,615 400,000 225,000 {22.982,425 375,000 5,492.963 9,174,888 1,000,000 549.305 {7,390.380 400,000 9 23 M 4M 7M 37 M 34 39 M 36 121M 125 M 68 3 290 458 9 23 54 M 4 340 468 24 M 56 M 73 M 35 45 4,528,774 302,479 884,075 2,518,622 1,202,436 1,703,257 72 32 5.989.911 4,925,$56 1,871,071 3.093.912 1,356.309 596,816 3,000,000 1,530,000 1,000,000 2,000,000 1,000,000 1,000.000 10 j Rochester Stand Fire 2,916,924 10 26 12 H 1,000,000 5 10 Revere (Paul) Fire Rhode 5,355,079 5,493,222 823,786 2,481,657 728,959 {18,299,023 3,364,167 2,970,904 1,006,536 {33,088,084 231,918 1,050,988 213,507 {12,301,598 700.000 516,344 1,231,495 1,000,000 6,000,000 38,807,872 ( 8,582,885 2,000,000 1,000,000 1,000,000 1,000,000 1,000,000 400,000 10 24 M 16M 3M - - 27 43 2M Accident Washing¬ ton (Providence) Reinsur anceCorp(NY) 131 93 9M 10 1,526,968 70 3,239,138 2,698,700 1,628,929 47 H 117,073 653,589 2 25 (Milwaukee) 40 127 40 10 NorthwesternNational 36M 39M 1H / - (N Hartford Fire (Hi 10 5 - Hanover Fire 5 10 - ir 2d preferred-. Gr Amer lndt 5 5 - Fire & 20 25 - 0 Franklin Fire (Phils). 64 M _ Cat, Fidelity & Dep Fidelity-Phenix 5,218,589 5 New York Fire--5 N'eastern (Hartford) North River Ins (N Y) 2M Northern Ins Co(NY) 12 M 10 - 3,028,627 350 10 M Oas 69 )) 2,000,000 9M New 950,969 {45,626,515 7,027,579 {205394054 - Gibraltar Amsterdam (Baltimore) Brunswick Fire (New Brnns, NJ).. New Hampshire Fire (Manchester, N H) 23 M 690,326 {18.279,790 (Hammond. Ind)_. 38 Insurance 106 642 52 M Vz 0 Continental 36 4,878,874 1,476.491 11,829,959 1,325,001 110,418 of 900,000 - 2,681,964 com & Mfrs 2,000,000 ,e 3 1,000,000 2,544,798 York 150 *) 2 5 5 100 - 325 1,000,000 (New York) New U - {99,042,056 2,049,258 185,191 t Merchants Fire Assur y City). (Boston) $ 10 (Phila) 1 Maryland Casualty-. Mass Bonding & Ins 12M (Boston) Merchants Ask. Per share. 6,621,440 Manufacturers Cas'ty 36 M 7M Bid. Reserve 2,500.000 (N Y) Lincoln Fire (NY) (Providence) National Oas (Detroit) National Fire (Hartf). Nat'l Liberty (N Y) Nat'l Union (Wash) Nat Union Fire (Pitts) 50 M Unearned Premiur/i 1,000,000 1,000,000 100,000 100 City, Mo) Knickerbocker 32 34 M 1938 , $ $ 133 53 51 32 M 34 M 83 M 79 M 26 M 26 24M 8M 22 20 M 115 6M "8M 13 M 48 H 46 M 24 M 23 129 f- - Capital Kansas City Life (Kan¬ 10 ) ) Boston Bid. Per share. $ $ . Amer Reinsur (N Amer Reserve (N Reserve Dec. r - AUemannia Fire ▲mer Alliance (1 1938 Surplus 31, Unearned Premium 5 (8 F) Westchester Fire (NY) 2M Wisconsin Nat Life— 10 18 4 35 16 18M 4H 37 17 sr - - - ♦ N * Par Value, 10 12,000,000 51,365,411 21,176,385 100 2,000,000 2,500,000 {67,517,733 20 1.000.000 1,191,986 1,943,445 t Consists of $341,550 $4 cum. 1st preferred, $500,520 $5 2d preferred and $75,000 $5 x Not an insurance company, z April 30, 1939, figure. also called legal reserve or life insurance reserves, junior preferred stock. ' 1 { Policy reserves, ESTATE BONDS HEAL Quotation* Bona*. are a* near a* Bid. Abraham Lincoln Hotel (Reading, Pa) 1st extd 4-5s 1945— -A&O Bond*. 73 71 1949.. 40 Exch Place 5 Ha 1956 M&S 40 Wall St Bldg 1st 6s 1958.M&N 42 Broadway Bldg 6s 1939... J&J 33 H 72 Cum income 2-6s July 1 1955-. f Allied Owners Corp— uh 1st income 5s 1958 J&J Debenture 2s 1963 J&J Ambassador Hotel (Los Ang)— Non-cum inc. 4-5s 1950—A&O Amer Insur Un Bldg 6s '41-M&N Arcade Bldg & Rlty (Seattle)— 1st leasehold 3-6s 1948 J&J 16 49 60 61H 32 34 2m 35 33 34 H 20 22 44 47 65 13 H 75 49 51 90 91 97 H 45 5 3 17" 16 49 30 13 21H 6H 5 21 50 8 16 19 81X 163* 40 43 39 s 41 43 38 25 47 M 46 14 M 30M 15M 32 Income 5s Oct 1 Repub 14 44 13 H 5 1943 6 49 51 125* 63 19 21 100 30 3 2 715* 67 H Lords Court Bldg 5M« 1942.J&D Macrid Realty 3s Madison Inc (N Y O)— 24 H 28 70 15* 2X 34 28 ~3H Debenture mtge 5s 1945—F&A Midland Invest Corp (Mo)— 45 47 30 32 27 31 36 17 1st fee & l'hold 4-5s 1949-A&O Neisner Bros Realty, Inc— 4 48 51 29 Cony 33 31 s f deb 6s 1948—J&D 15 New Weston Annex 3-4s w-s 1945N Y Athletic Club— 1st mtge 2-5s 1955 —J&D f N Y Majestic Corp 4s (w-s) 1956 N Y Postal Service Station— 25 23 5Ha 1937 F&A New York Title & Mtge— 5 Ha series B-I 41 25 15 16 9 16 18 43' 35 13 38 17 5* 101H 74 H 102 H 78 71H 73 H 16M 6 7 74 H 76 18M 20 49 18 5 10631s 19 H 6 65 43 M 45 54 373* 35 5Ha series FI 5Ha series Q 1900 Rlttenhouse Sq (Phlla)— 1st cum income 5 Ha 1945-J&D f North Station Indus Bldg (Bost) m s f 5s 1962— A&O 54 M 42M 63 22 10 16 99 101 50 H On Sept Nominal. k Last sale. 25M 58 ; 1M 2M Real Est 5Ha *45 J&D 6 10 11 39 42 9 26 X 1 41M 98 93 M State-Randolph Bldg (Chicago)— 6M IX / 32 Bldg (Boston)— M&s - 101M conv 6s '33-J&D / Rlty (New Hav) 6s'40 A&O / w-s 1951 .Nov / 10 East 40th Street Bldg 5s 1953. Non-cum inc 6s 1958 J&D / 1088 Park Av Corp 23*-5s'53 M&S / Textile Properties— Taft Income 3s 31 25 24 26" 85 87 7 6 35 29 31 18 mm mm mm m 30 Stamped ' 2 Park Ave Bldg 4-5s 1946-J&D 78 50 2d fee 3s 1946 —Ann Dec / 23 Lexington Ave 2M-4s '50.F&A 29 4th Ave Corp 2 Ms '63 (w s) 29th St Towers Bldg 3s 1942 2124-34 Bway Bldg 55** —-1943 f 2480 Bway Bldg 2d mtge 3s 1944. Tyler Bldg 6s (w-s) July 1 1953— U S Realty & Impt 6s 1944--J&J Van Sweringen Oo— 1st 6s 1935 F&A f 1st & coll s f 6s 1938 A&O f Van Sweringen Corp 6s '35.M&N f Varick St Sta P G (N Y) 6s 1941 f Wabash-Monroe Bldg 6s 1953 J&J Wadsworth Bldg(NY) 6s '53 A&O 56 X 44H Income 3-4s 1950 Ann Feb Waldorf Astoria (Hotel)— 67 Non-cum inc 5s 1954.— ..M&S f Wall & Beaver St Corp— 1st 4Ms w-s Nov 1 1951..-J&J Warner Bros Hollywood Thea— 1st 6 Ms 1941 M&N Washington Properties inc 7s 1952 Westchester Bond & Mtge 5Ms— f WestinKhouse Bldg 4s 1948-A&O Woodbridge Bldg 55*s '41—A&O f 7s 1940 A&O f n 13 11 11 25 / Sherneth Corp 3-5 3*s (w-s) 1956/ 60 Park Place Bldg 3Ms-6s_-1947 Sixty-one Broadway Building— 1st s f 3H~5s (w s) 1950—M&N Income 3-3 Ms stpd 1955.M&N/ Speed Building (Louisville, Ky). Income 6s 1945 M&N Stanley-Mark Strand 6 Ms 1941 — /Flat price. 80 11 14" 12 22 34" 32 33 35 5M 6M , 38 75 mm 55* 65* 22 20 35* 25* 29 26 99 54 14 8M 20 mm 23 20 Wallbridge Operating Co (Buff)— 34 M Olympic Inc (The) Seattle— M&N J&D / J&D / / 106M 735* 52 1st 6s 1943 75 1st 4-5s (w s) 1958 M&N Textile Crafts Bldg 6s w s 1944— Trinity Bldg 5Ms 1939—-..J&D Trinity Court Bldg 4s 1941-M&S 355* 1st 13 6 .... City)— 1947 Strauss-Manhat 53^s series CW-1 39 J&J Without com stock 6s debenture 1951 5s 8 5 Ha series B-K 12 4 22 Ann Oct / Stone & Webster 5 5Ha series C2 56 inc 2-5 H% June 1957- 93" H 91 Investing Companies. Montreal Insur Exch. Bldge mtge 2-5 Ha 1950 &J f Nat Hotel of Cuba 6s 1959-M&S / Nat Press Bldg 3-5s 1950 J&J AdJ mtge inc Apr 15 4 Ha 1950- / National Tower Bldg— 19 3 31H cum 5 Ms 1942 M&N Steuben Bldg (Chic) 6s 1943 M&S See 1st 38 69 3M 93 Stevens Hotel (Chicago)— Income 5s W-S 1956— Metropolitan Playhouses— ~25* 565* 69 92 H 91 94 3X M&N 1102 26 28 90 5 . 25* 61H Metropolitan Chain Properties— 50 155* 62 24 Stanley 28 26 / 1948 86 M 145* 22 70 6s with stock 1959 40 f 6s 3K 66 Sevilla-Bilt Hotel 7 Ha '37 ctfs—_ / Shelburn Inc (Atlantic 39 X s 20 y Schuyler-Hudson 4s 1947 38 conv 15M 66 / 713* 68 H 65 37 1st 14M 1st 4s 1957 M&S Russ Bldg. (San Fran.)6s *51 F&A f St Charles Hotel (Atl Cy) 6Ms '45 / St Louis Post Office— With stock London Terrace Apts 3-4s*52 J&D Lord Bait Hotel g m 6)*s '45 A&O Lord Nelson Hotel s f 4s '47-M&N 48 m m 37 84 82 80 Sees f 5Ha 1916 —J&J Merchants Nat Prop 4s '58.J&D 98 H 26 - / Marshall-Wells Bldgs 6)48*47 F&A Mayflower Hotel( DO) 6s 1950 Mecca Temple 5s 1942 Mercantile Properties, Inc— 102 28 6 mm Schulte Real Estate 6s 1935— 20 26 1st Income 6s Feb 1 1952 45 4 41 5s, 1943 Savoy-Plaza Corp— 3-6s (w-s) 1956 48" Mtge cum inc 3-6 Ha 1957M&N Manhattan Towers 6s 1948.M&S Marcy (The) 6s 1940—F&A Mark Hopkins Inc— 195* T— San Fran Paramount Corp—• 56 & Office Bldg 6s. 1941— M&N / Lombardy (The) 6s 1942—-M&N 63 H 50 30 1st 53 Lincoln Mtge Co (Newark)— Cum inc (w-s) 5s 1948 A&O Loews Midland Theatre 81 49 ® 20 535* J&J Rittenhouse Plaza 2 Ha Jan 11958 Robert Treat Hotel (Newark)— 40 F&A ' F& 37 M 891 43 Bidg(Denv) 3-5s'49.J&D Properties— Deb 5s series A 1959 M&S income deb 6s ser B 1959.A&O 15 H 90 55 Income 5 Ha w s 1963 5 Ms ex stock 1963 / 35¥ 2-6s July 1 1956 -.An Mar / Roxy Theatre 6)*s to 1940-A&O / Lewis Morris Apts 1st 4s 1951 On Mar t Called Feb. 5 at 102. / 1st extended inc 5b 1950—J&D Realty Alssoc Sec Corp— Retail Lincoln Bldg Corp— 42 M 12 H 10 55 84 M Prudence Securities Corp— Income 5Ha ser A 1961—M&N 5Ms 4th series / Quincy Station P O (Chicago)— , 70 73 ■ 43 1st s f 5s 1958M&N Gen income 5sNov 15 '83-J&D 95 J&D 72 M 8 68 41M 14M M&N /. 2d non-cum inc 4s 1959-M&N / Pierrepont Hotel 3-4s 1951.-J&J Pitts Hotels Corp 1st 5Ha '48M&S / Mtge cum inc 5s May 1962— Conv cum inc deb 5s May 1967 ' Voting tr ctfs for common..-.Poli-New England Theatre— 42 16 X 16 14 50 Eastern Ambassador Hotel units. F&A 49 153* (Boston) 5s (ws) 1953 Jagels & Bellis Realty 6s '48.M&S / 1st fee 4-5s 1948 Detroit Hotel 6 Ms to 1941—M&S Detroit Leland Hotel 5s Oct 1 *52 Dorset Hotel 1st partic 2s 1957— Drake (Phha) 6s w-s 1959 Forest Lawn 1st M 5s '64 43 42 Insurance Exchange Building Lefcourt State Bldg— Extend 1st 4-6 3* s 1948 Lenox Hotel Inc 5s 1950 65 1528]Walnut Corp 6s (w-s) 20 23 Lawrence Hotel (Erie, Pa.)— 6s Jan 1 1948 M&S Lefcourt Manfiat Bldg— 10 68 Colonial Apartments 6s 1937 52d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952 500 Fifth Ave 6 Ha 1949 J&D f Stamped 4s 1949 J&D 1500 Walnut Corp (Phlla)— 1st 6s 1950 A&O 41 * 24 1st mtge leasehold sf 3s *64-J&J Park Place Dodge Corp 6s 2-s '52 / 21 — Units 34 Cleveland Theatre gen 5s 1944 Oolonade Construction— 1st s f4-4Ms 1948(w-s)—A&O . 165 Broadway Bldg 5Ha '51-F&A Sec s f ctfs 4 )*b fw s) 1958 General s f 2d 3s Aug 1958 F&A / Ore Paramount Corp 4s '57-M&S „ 105* 61M A&O 22 Ask. Pennsylvania Bldg 6s 1939 20 8 Stamped filSFlfth Ave 4* 1943 27 103 , 103 East 57th St Bldg 6s '41 M " / 103rd & West End Ave— Income 5s June 1 1942 J / 110 So Penn Ave (Atl City)— 6s 1944 J&D f 3s loan ctfs 1955 F&A Park Crescent 6s (w-s) 1955-. / Park Lexington Co Inc— 80 1940. _.__J&D 52 1st M 54 51 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&8 22 35 61.M 870 7th Ave 4 Ms Jan 1 1957 Eppley Hotels 1st sf 3-5s 1951 J&J Equitable Office Bldg 5s 1952 Deb 5s Legended 1952 Ferry Station P O (San Fran)— Ext income 3s 1952 J&D Film Center Bldg 4s 1949--A&O 5th Ave & 28th St Bldg 6 M« 19455th Ave & 29th St Bldg 6s 1948 20 65 34 51 Edgewater Beach Apts— Llq Tr inc 6s w-s *50 Ann Oct Edgewater Beach Hotel (Chicago) Cum inc deb ext 5 Hs'41—M&S f 11 Park Place Corp 4s 1948 M&N 11 West 42d St (NY C)— 4Ms-5s (stamped) '53 M&N 80 Broad St Inc 4s Nov 1 1956 80 John St extd 4s 1950 A&O f 37 Keith Memorial Bldg 6s 1943 Kramon Devel Co 1st fee & 23 6? 5* Certificates of deposit Circle Theatre extd 6s 1946-M&S Oleve Term Bldg 1st 6s 1941-J&J 51 East 42d St 3s 1956 5s 34 47 1st s f inc 3M-6s May 1 1948. / Hotel Drake Corp inc 3-5s '53F&A / 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 Inc 3s 1955--M&S Hotel Taft Corp 5s 1947 F&A 6 79 Columbus-Venetian-Stevens Bldg (Chicago) 1st leasehold inc 3-5a, 1955 M&S Congress Square Hotel (Port Me) 5H* 1946 M&N Court & Remsen pt* 'Brooklyn) Bldg Corp 1st sf 3)4-58 1940 Cromwell (Olivers 6s 1939-M&N De Paul Hospital 1st & ref 3-3)4-3H-4s 1939-1947—Q-Feb leaseh 8H Herald Square Building— 55 J&J A 6s 1944 J&J Garrett Buildings (Chicago)— 55*s to 1940 J&D Governor Clinton Co Inc (N Y O) 1st mtge 2~4s 1952 M&S Granada Apt Bldg 6s 1938—M&S / Grant Bldg (Pittsb)— m 6H 90 Income 3s 1957 / Fuller Bldg (GAF Realty Corp) 1st 2M-4s (w-s) 1949 J&J 1st fee & l'hold 6s 1940-41 J&D 1st fee & l'hold 6s 1942.... J&D Cigar Stores Realty Holdings— ser 5H Greeley Sq Bldg 6s 1951 Feb Harrlman Bldg 6s 1961 M&N Hartford Times deb 4 Ha '51 M&N Hearst-Brisbane Properties— 99 OhicHerald& Exam 6 Ms '50 M&S dep 5Ms 1949 38 2M-5s 1957 (with stock)—J&D Graybar Bldg (East Office* Inc)— 15 Broadway-Barclay Inc— 8 f 10 1st 1st, 2d 1956 In June Bway Mot Bldg 4-6s 1948--F&A Bway-Spring Arcade Bldg— Non-cum 3-5s April 1 ,57.J&D Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3M-5s 1944 Bklyn Fox Corp inc 3s Oct 1 1957 Bryant Pk Bldg (NY) 6M*'45J&J Bush Term Bldg—See Industrials Butler-Hall 45*-5s 1947-Q Mar 25 Cent Manhattan Props 5a'46M&S f Central Zone Prop 6s w-s'53 F&A Chain Store Depot 6* 1940--M&8 Chanin Building— 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc 1st 1945-M&S Chesebrough Bldg 6s 1948--A&O 24% 30 . Bid. Orpheum Th & Rlty 2-6s '46 M&S Palace Hotel (San Fr) & '45-F&A f Pantages < Alex) 6s to 1947.M&N Paramount Bway Corp.— 2 X 11* 29 Fox New Academy of Music 1st leasehold 6 Ms to 1941.M&S Fox Theatre & Office Bldg 47 Sonda. One Park Ave 2d sf 6s ,51__M&N Ask. 1H 1400 B-way Bldg 4-5s 1948.J&J 1410 B'way Bldg 3 Ms 1941.A&O Fox Det Theatre 6s 1942 A&O 85 Boston Parcel Post 3s Oct 1945— Boston Postal Serv 5 Ms '38-J&J Bid. 48 St Real'n Corp l-4s—Mar 1952 100 Arcady-Wllshire Oo (Los Ang)— Non-cum inc 5s June 11949J&J Arrowhead Lake 7s 1944-47.J&D f Assoc Chain Store Realty— 1st mtge coll 5 Ms 1957—J&J Oum income 6s 1957 A&O AdJ non-cum Inc 6s 1957.M&S Assoc Realty Bldg 'Los Angeles) Income 5s 1948 (w-s) J&J Baker Hotel (Dallas)— 1st s f 5s 1950 (with stk) -F&A Bait Parcel Post 5 Ms 1949— Barker Bros Bldg (LA) 6s'47 J&D Bauman (Ludwig)—1st 5s (Brooklyn) 1947 F&A 1st 5s (Long Isld) 1951—A&O Beacon Hotel inc 2-4s Apr 1958— Bellevue-Stratford (Phlla)— 5Hn 1935 J&D BenJ Franklin 6s ctfs 1933 Berkeley-Carteret 5 Ms '46-M&N Blng & Blng deb 6 Ha 1950- M&S Income 7s 1950 w-s M&8 Book Tower (Det) 2-5a *52-(w-s) possible for the closing day of the month preceding the date of issue. Ask. 64 Albany Metropolitan 5-6s Alden (Hotel) lst3-5s 1957—F&A Alexander Hotel (Md)4s '42 A&O Allerton N Y Corp — 101 m. ( m, mm mm ---• ---- 95* 21M 94 61M 62M 16 20 70 23 67 21 20 M Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) as near as and are denotes sales. Figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬ being procured by us where no periodic statements are required. For taken from the latest weekly statement. tutions they are the latest obtainable, direct returns the Clearing House banks of New York, deposits are National Banks Dec. State ALABAMA 30 Capital Institutions Dec. National Banks 30 Dec. 30 Oross ~ Surplus & Profits Deposits - Par Bid Ask Capital Institutions State CALIFORNIA Dec. 30 Oross Surplus & Profits Bid Par Deposits Nomi nal. $ $ $ Birmingham— 100.000 Bank for 8a vs. & Trts. k Per k share. 50 2,043,421 104,396 Tr & Sav 500 000 11,195.737 Common.. Preferred al.714.000 81,700 125,000 e Industrial Sav Bank- d First National Bk— Common.-i-. 3.600,000 Preferred./. 6,300,000 36,360,809 Mobile—) _ 27 125 \25 26 H 25K 25 25 3,290,889 28,367,003 24,627,130 wan 4,054,656 26,302,390 809,093 13,453,998 125 256,811 60,709 9,135,310 3,412,206 100 "85* 100 125 250,000 1 485.000 600,000 270.000 k Common Preferred 20 61 62 H d 276,305 862,138 300,000 1,000,000 Alabama Nat Bank. First Nat Bank Union Bk & Tr Co— Common 100,000 40,000 Preferred.. J 12 10 10 5,009,469 19,391,401 16* 15 2,558,138 I7H 15 82,440 400,000 120,000 200,000 City National BankPeople's Bk & Tr Co. d Selma National Bank Selma Tr & Sav Bank d 342.500 k National Banks 2,674,985 1,616,164 1,933,892 1,538,817 230,612 71,488 221,070 113,000 100 25 90 100 100 100 Dec. 30 Per First Nat Bk of Ariz. 550,000 247.500 Phoenix Sav Bk & Tr 4,278,454 189,815 882,040 178,595 share. 100 16,763,661 t 20 4,458,194 t 25 N 600,000 1.202.800 j 1,427,580 250.000 Preferred 0 15 re cent 16 H 41,837,681 500,551 Tucson— Sou Arizona Bk & Tr National Banks 9,465,147 re 100 sa centur¬ ies 50 100 10 0 4 35 150 50,000,000 Bank of America 1,500,000 Bank of Canton 500,000 Bank of Montreal 1.000.000 Canadian Bk of Com 1,300,000 6,000.000 The San Fran Bank 6,000,000 Pacific Nat Bank d 980,000 68,853,364 1482791676 /2.217.422 18,854,965 k 118,596 4,068,734 k 287,371 4,517,953 471,201 19,614,473 8,638,875 154,602,721 9,116,010 165,837,882 9,686,276 20 *7Vs 125"" 119 80 sa les 100 356,830^ 8,754,554 273,675,833 431,450 6,336,192 9,000,000 Yokohama Specie Bk American Tr Co— Common 1.200.000 7,500,000 7,500,000 J9.381.574 600,000 Preferred San Jose— 872,150 139,750 k 300,908,341 152,341 382/ 352/ l2U 100 216 212 100 100 171 174 100 285 290 000 10.100 10.500 100 88 100 290 p 120 37 342/ 49M 522/ i Commercial Nat Bk. d First National Bk— Common Preferred.. Stockton— First National Bank. Stockton S & L Bank Union Safe Dep Bk.. 564,700 435,300 • 10,832,491 1,831,893 9,773,452 Jfc 189,239 200,000 1,000,000 375.000 k 100 4,899,769 11,873,295 3,491,291 544,392 702,250 142,016 100 o cent 100 100 sa lea State Institutions ARKANSAS 30 100 6,286,000 192,566,828 7,965,621 129,156,060 First National Bank. Santa Ana— Valley Nat Bank— Common o 125 dl7,920,000 6,800,000 Wells Fargo Bank & Union Trust Co Institutions Stale Bi8bee— 250,000 / Anglo California National Bank Bank of Calif, N A.. Nomi nal. Miners & Merch Bk_ Phoenix— share. N 100 San Francisco— & Savs Assoc ARIZONA 30 Per 100 Bank of Amer Nat Tr Selma— Dec. 132,880 865,424 $ 36,780,598 1,998,579 5,389,305 1,461,425 Dieg< Montgomery- Dec. 175.000 d American Nat Bank, 187,323 1,751,416 1,739,260 375.000 1,000,000 1.000,000 d dl,750,000 d 100 69,767,107 J1,291,454 Amqr Nat Bk & Tr Co First Nat Bank Merchants Nat Bk. 26 If 1,194,217 $ $ 1,747,684 956.250 177,944 50,000 134,758 246,000 i 47,634 145,000 Sacramento- Capital Nat Bank... Citizens Bk of Sacra. Birm'ham Ask Nom inal. Dec. 30 CANADA See / \ \Page 111/ Nom inal. Fort Smith— Per share. 275,000 500,000 500.000 100 617,276 148,256 44,366 12,269,835 4,884,675 1,292,871 20 o 25 cent 25 les 434,337 15,544,670 120 666.000 Merchants Nat Bank 2,415,782 8,434,999 9,852,789 300,000 I 185,500 First National Bank. 131,480 638,792 599,810 300,000 200,000 100,000 City National Bank- 429,798 National Banks 100 25 Dec. Peoples Nat'l Bank. Twin City Bank .... Preferred W B Worthen Co.. Pine BluffNat Bk of Oommerc. d 100.000 400,000 Simmons Nat Bank. 113,606 1,041,784 2,369,366 13,405,713 131,479 366,149 First National Bank. 300,000 441,416 500,000 350.000 677,663 61,832 30 CALIFORNIA Colorado Nat Bank Common Preferred Colorado State Bank 400 30 Per 1,000,000 k Western Tr & Sav Bk d 225.000 Los Angeles— California Bank— Common 5.000.000 Preferred 800,000 Citizens Nat Trust & 5,000,000 3,000,000 Savings Bank Mer Nat 726,934 241,313 17,592,641 3,377,471 8,000,000 2,500,000 Preferred- Central Bank 0 re cent les 117,003,566 (25 \40 20 5,311,434 118,046,337 5,320,000 135,781,611 20 25 100 387 26 X 392 48 48M J3,795,716 J25 2,779,816 38,843,134 50 329.100 k 76,764 2,000,000 2,475,385 Bank of Commerce.. Farmers & Mer Sav. Pasadena— 50 sa Secur-First Nat Bk— Common.. 24,000,000 131,790722 580,438,058 Union Bank & TrustOakland— N 100 share. 1.260,000 3,083,802 47,122,278 "96" 50 25 12,175,410 21 100 ' Citizens Coml Tr & 8 300,000 289,170 94 X Preferred Pasadena-First N Bk d Security Nat Bank.. 550.00t 600.000 First National Bank. 500,000 30,000 Minnequa Bank Pueblo Sav & Tr Co Common. .1 100,000 200.000 Preferred * 21,702,904 2,126,718 J 96,760 o les 100 100 5,156,090 1100 1100 Sale price. t Controlled by the Transamerica Corp a N re cent sa of San Francisco, Calif. Outstanding preferred stock consists of $1,043,300 1st pref. of $20 par and $700,000 of 2nd pref. stock. value and retirable at $50 a share, b March 29, 1939. e Savings deposits. d Common and e preferred stock outstanding. May 19. 1938. / June 30, 1939. 300,000 644,819 5,946,928 100 500,000 11,089,933 500,000 150,000 63,612 300,000 309,855 14,618,522 25 125 q First Tr & Sav Bk— Common CI 8 National Bank., 50 100 1,706,197 165,977 60.000 international Tr Co. Pueblo— 9,331,022 5,778,391 40,254,592 1100 1100 100 1,864.522 60 36,466,784 100 62,419,290 1,488,883 927,957 'loo 100 27,896,990 100 18,966,174 400.000 . Nomi nal. Farm & Merch Bank 2,782,481 J100 1100 100 6,645,998 100 10,286,645 133,049 2,419,281 3,800,936 37,255 27,069 2,876,998 2,311,792 1.000.000 11,821,056 First National Bank. 1.600.000 National City Bank. d 100,000 d Union National Bk 100.000 State Institutions Dec. share. 20 Denver— American Nat Bk Central Sav Bk & Tr d 100 100 100,000 I 65,000 300.000 Preferred class A.. 60 21,028,902 1,945,083 145,550 60.000 Exchange Nat Bank. 120 Long Beach— & 30 Per Colorado Sav Bank.. Colorado Spgs Nat B Common Denver Nat Bank National Banks Farmers Dec. Colorado Spgs.— Union Nat Bank— Dec. Institutions State Nom inal. Little Rock— Commercial Nat'l Bk Common COLORADO 30 Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust & Savings Bank of San Diego. Calif. 2,538,448 3,822,457 j 20 100 130 H i Dec. 31. 1938. Jfe Oct. 2, 1939. I Last sale price. p Par value 100 yen. n New stock. Feb., 1940] BANKS National Banks Dec. 30 CONNECTICUT Surplus <fc Profits Capital AND National Banks Dec. Preferred Black Rock Bk & Tr. Brldgep*t City Tr Co North End Bk & Tr Common 1st preferred- 5.200,000 25.000 122,500 25.000 2nd preferred-.. West Side Bank— Common..- 277.323 Glastonbury Bk & Tr Hartford Nat Bk & T Industrial Bank.... Pnoenix St Bk & Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co 32 34 Miami Beach lioo Preferred 231,221 1,264,915 1,04*,131 170,183 4,505,538 202,139 2 157,539 149,024 4,317,735 215,000 176,649 107,841 25 lioo 25 •mtmm 30 — 25 25 30 500 16,280,205 1,739,088 81,769,497 100 120 50 10 55 28 256,296 25 60 45,480,958 1,936,674 51,774,683 3.655,997 3,787,129 2,031,012 100 25 25 12 43 25 c 132,000 1 $ 44 105 115 16,704,178 100 135 140 20 35 40 379,822 6,519,775 294,528 6,065,410 1,082,905 11,240,935 485,064 150,317 6,157,301 3,776,965 100 100 75,000 200,000 37,565 50,619 1,420,464 2,279,693 100 100 200,000 People's Nat Bk TampaBroadway Nat g 357,913 9,583,645 25 Bank 42,131 563,145 1,170,513 182,606 952,124 16,749,790 18,626,613 2,110,590 67,656 1,594,120 100 300,924 7,194,813 10) Exchange Nat Bank. woo" n First National Bank. ol ,100,000 First Sav & Tr Co 500.000 WeBt Palm Beach Fla Bank & Trust Co. 100,000 West Palm Beach Atlantlc Nat Bank d 200.000 Common Preferred fravelers Bk & Tr Co West Hartford Tr Co vFlndsor Trust Co Meriden— Home National Bank Meriden Nat Bank.. Meriden Tr & 8 D Co 60.000 50.000 500.000 200.000 100.000 943,506 475,631 136,040 500.000 150.000 100,000 160.000 381,522 93,616 108.528 53,989 6,380431 1,782,440 25 25 15 5,815 1,599,672 100 125 21 17 150 25 10 2,825,946 100 90 100 f 50 33 36 20 100 100 100 100 100 100 140 125 125 160 100 60 75 100 15 164,142 f I 100,000 1,250,000 "15"" 125.000 130 130 100 100 400.000 200,000 St. Augustine— share. 140 25 100 100 100 200,000 Florida Nat Bank "78" Per 100 Petersburg— & Tr Co Bo End Bk & Tr Co- AsJt 3,038,014 34,051,968 30,124 11,455,017 2,873,308 68.000 g Exchange Bk St Aug St Augustine Nat Bk h St. 50 26 „ "§6" $ 100,000 ZZZZ- Pens&cola— American Nat Bank. Clfc A 280 24 74 26 28 Bid 129,740 783«,390 81,370 396,873 102,701 c 300.000 Florida Bank Palm Beach First National Bank. wrnwm 30 Par Deposits First National Bank-. Orlando— First National Bank Common 2,018,442 / Dec. Cross 750,049 100,000 400.000 100,000 Florida Nat Bk & Tr g Little River Bk & T 25 100 • $ 200,000 1,200,000 Amer Bk & Tr Co... First National Bank First Trust Co KZ* 60 State Institutions Nomi nal. Hlami— 7 50"~ 25 1,938,952 258,330 250.000 .. Simsbury Bk 5 30,429,261 49,460 300,000 150,000 .150,000 100,000 [ .000,000 100,000 .600,000 100,000 =.000,000 100,000 HartfordCapitol Nat Bk & Tr Conn River Bkg Co. First National Bank. 1 6 l7S 139,364 1,580,349 165,000 97,000 Preferred 28,513.253 Surplus dc Profits Capital Ask Bid Par 103 FLORIDA 30 Cross Deposits Bridgeport500,000 I 1,455,000 100,000 COMPANIES State Institutions Dec. 30 Nomi nal. Per share. First Nat Bk & Tr Co Common Riverside Trust Co TRUST _ Puritan Bk & Tr Co. New Haven— inner Bank & Tr Oo. llrst Nat Bk & Tr Co Common a Nat - -212,500 378,000 920,000 1,121,877 30,751,768 800.000 1,065,682 1,010,018 11,187,536 14,318,179 750.000 1 20 ylOO" 180 35 20 45 ~ — 645 130 i 100 50 125 59 50 74 170,000 170,000 1.458,700 Un & N Haven 1 r Co New London— Nat Bk of Commerce j, 100 539,458 5,044,312 100 116,473 199,387 68,663 2,551,012 50 1,967.050 100 907,883 100 422,505 188,380 3,462,037 25 19 1.965.691 100 110 City N National Bank... Union Bk & Tr Co.. Wlnthrop Trust Co.. a 343,856 300.000 a NorwichThames Bk A Tr Uncas-Merch Nat Bk 212,500 650.000 200.000 0 re cent sa 1.000.000 200.000 700.000 1,371,586 687,310 989,825 les 125"' 600.000 300,000 184,000 500,000 300,000 Waterbury Trust Co 864,098 , Common Preferred 1,000,000 Dec. 30 12,460.842 5,512,964 9,491,352 100 12.581,291 Columbus— Columbus Bk & Tr 267,000 Oitix & So Nat Bank. Liberty Nat Bk & Tr Bavann ah Bk & Tr_. 155 __ 850,000 200,000 200,000 75,000 200,000 State DELAWARE 32 670,276 10,745,801 3,498,052 104,718,780 162,599 3,660,097 775 100 100 152 7,373,400 2,290,145 2,196,443 1,288,696 100 100 100 100 r5,000,000 500,000 650.000 3,498,052 104,718,780 205,316 5,253,482 268,686 5,015,260 200,000 1 109,873 17 J* 10 x 85 50 55 100 1,558,822 80 100 30 50 126,000 95"" 55 65 National Banks Nomi nal. Per share. 100 110 50 300 25 Nomi nal. Per share Boise City— Idalst NatBk ofBoise Common 30 State Institutions Dec. 30 IDAHO 30 750.000 1 980,801 Preferred 588,000 First Security Bank. al,100.000 nl,236,197 Boise Trust Co 125.000 n 48,809 24,557,146 100 N re cent 26,801,070 74,680 100 sa les 100 National Banks 165 25 67 60 State ILLINOIS 100 Institutions 134 237 50 COLUMBIA Dec. T" Nomi nah Washington— Per City Bank ». a 145,000 475,000 Columbia Nat Bank. 250.000 Bank of Oomm & Sav 100.000 Hamilton Nat Bank 1.000,000 500,000 Lincoln Nat Bank 400,000 McLachlen Bkg Corp a 340,000 Nat Bank of Wash1.050.000 Nat Capital Bank 200,000 Nat Metropol Bank. 800.000 Rlggs National Bank Liberty Nat Bank 83,727 510,274 621,267 328,444 1,129,623 483,616 940,903 238,297 833,527 211,070 1.869,558 2,091,950 10,114,912 5,209,072 3.929,749 27,786,705 7,994,564 10,723,411 5,796,304 10,533,633 2,391,511 27,900,710 100 10 30 100 190 100 Munsey Trust Co Union Trust Co Wash Loan & Tr Co. 205 270 20 31H 100 100 200 50 100 121 100 150 100 271 ~33K 200 60 175"" 290 285 175" 265 — 100 80 50 75 100 £235 a 100.000 300,000 348,500 150.000 Dec. 30 Nomi nal. Per share. 193,947 317,113 92,797 4,437,697 5,491,266 3,601,802 48,503 214,539 1,398,613 3,116,695 6,250,123 2,819,882 261,635 193,533 100 100 100 N 100 Aetna State Bank.. Am Nat Bk & Tr Oo. A istln State Bank a 400,000 a 1.600 000 200 000 i380,000 100,000 Central Nat Bank 300.000 Olty Nat Bk & Tr Co 4.ono.onii Cont 111 N B A Tr Oo lO.OOO.OOO Oont Nat Bk & T Co 1.500,000 Oosmopolit'n Nat Bk a 250.000 District Nat Bank— Common 30 260 125 100 100 64,290 3,909 ,970 100 ,554,030 69,611 ,149 40 159,366 5,748 ,101 108,852 7,309 ,634 96,564 100 2,949 ,712 267,090 10 11,094 ,424 10n ,359,072 157,215 ,692 ,086,348 1324094 ,604 33»» 100 525,197 484 ,098 100 65,350 3,659 ,852 „ 102.000 74,968 3,672,316 98,000 442,500 173,818 8,219 ,149 1.000,000 1,037,173 31,519 ,170 First National Bank 30,000.000 38,952,280 1053424 ,363 First Nat Knglewood 200,000 773,691 5,263 ,102 Halsted Exch Nat Bk 200,000 253,209 8,006 ,059 Preferred >rexel State Bank, ^rovers Nat Bank • Dec. 30 FLORIDA State Institutions Dec. a — — 22 30 35 _ f 20 i 30 220 19 95 15 ~ 117 90 — - Atlantic Nat Bank.. 03.000,000 Barnett N B of Jack. 1,500,000 Florida Nat Bank. 01.500.000 Bpr'field Atlantic Bk 50,000 Per 1.530,637 1,761,046 1,478,089 33,615 52,587,027 27,573,796 37,866,534 1,118,293 92 — 175 40 10 210 share. 217 18 21 28 100 J45 155 100 100 245 210 250 230 100 170 175 Lakeland— 0 100.000 debentures outstanding. / pl the Florida National Group. h Affiliated with the Barnett National k New stock I Last sale. n Bank of i Trust fuhds. 194,102 1,747,399 25 Jacksonville, Fla. Oct. 2, 1939. Combined statement, V Stock all owned by Travelers Insurance Co. x Ex-dividend 200 25 Group in Florida. Affiliate of the First National Bank of Atlanta. Oa. g Member. 100 or 1939. - 30 d Member of the Atlantic 9 r Florida Nat Bank Includes preferred stock - 18 113 Sale price, cJune 30, Nomi nal. Jacksonville- 150 20 t> Retirement price. 30 275 210 t Branch of Savannah. a National Banks cent les 100 100 100 "85"" 250 0 re sa Chicago- Avenue St Bk Oak Pk Beverly State Sav Bk 18.682,073 (100 £185 5,589.925 11,635,811 24,270,899 " 160,000 300,000 375.300 BellevilleBelleville Nat Bank. Belleville Savs Bank. First National Bank. 9t. Clair Nat Bank.. 24^ 3.000,000 15,602,536 108,843,029 /100 268 Preferred. 1.100,000 \ 100 xlOO Second Nat Bank a 500,000 478,654 9,773,715 60 70 Secur Sav & Com Bk a 409,278 528,000 8,623,446 100 160 Amer Secur & Tr Oo. 3,400,000 5,417,706 55,125,401 100 248 1,000,000 12,111,268 375,000 2,000,000 1,258,413 1,000,000 1,880,933 1,000,000 2,651,055 share 160 Common Nat Sav & Tr Co— Common Income debentures 0 41 68 25 Merchants Nat Bank Old Second Nat Bank a 16M 100 Aurora- Anacostia Bank 18 100 28 24 Aurora Nat Bank. National Bank, 157 18 17K 100 100 3,758,101 104,718,780 3,498,052 1,797,520 t 10 92,175 1,476,500 100 289,360 10 7,989,842 a 270 tio 1,128,513 136,493 152,500 51,277 347,370 33 260 32 Institutions Dec. 342,486 3.730,898 r5.000.00o 110,000 600.000 Oitlxens Bk & Tr Oo Common Debentures 150 5,885,817 / 25 \ 32 9,751,114 25 3,915,888 100 2,224.473 200,000 316,524 2,207,662 4,176,517 18.237,458 1,126,879 3,555,429 681,495 4,804,166 900,807 12,687,209 2,812.705 21,935,482 672.600 1,035,340 11,053,103 4.000,000 12,254.776 100,261,515 Delaware Trust Co.. Equitable Trust Co. e Savannah— 200 "145"" 100 210.000 500.000 625,000 203,175 1,000,000 1.500.000 Security Trust Co. Wilmington Tr Co.. c ""17 j? "18" 40,306,676 /100 lion 3,732,254 100 100 35,071,711 Jl,542,786 750.000 First Nat Bk of ColFourth Nat Bank Home Savings BankMerch & Mech Bank Macon— Oitix & So Nat Bank. 155 145 100 100 Wilmington— Central Nat Bank... Farmers' Bank Industrial Trust Oo. Union Nat Bank a 475.000 990,000 62.000,000 & Tr Dec. National Banks 100 823,578 3,498,052 104,718,780 t 10 6,490,286 126,843,602 10 Otly Bank & Tr Oo_. First Nat Bk & Tr Co 9 Waterbury— Oitix & Mfrs" Nat Bk Waterbury Nat Bk— Common Preferred Colonial Trust, Co. 122,178 Oitix & So Nat Bankr5.ooo.ooo Nat Exchange Bank. f 250,000 Stamford— First-Stamford Nst'l Bank & Trust Co Sldelity Title&Tr Co Stamford Trust Oo__ 200.000 CItlx & So Nat Bankr5,000,000 First Nat Bank 5,400,000 Fulton Nat Bank— 102"*" 157"" 18,053,018 Institutions 30 Dec. Nomi nal Per share Atlanta— American Sav Bank. AugustaGeorgia RR Bk State GEORGIA 30 Ga Sav Bk & Tr Oo__ Trust Co of Georgia. iioo 1,207,183 300.000 Dec. 77 3,312.918 J100 97,173 National Banks 61 Bk Common Preferred New London i 1,212,370 1 25 1100 100 11,197,760 100 4,162,084 1,696,398 25 882.000 Prior preferred Oonv preferred New Haven Bk NBA Second Nat Bank Trademen's 60,384 — National Banks Dec. 30 Lawndale Nat Bank Common Liberty Nat'l Bank . Lire Stock Nat Bank Madiaon-Crawford Natl Bank 200.000 200,000 — Main State Bank— MerchandiseNat' IBk 500.000 600,000 200,000 200.000 400.000 200.000 Mercantile Nat'l Bk. Merchants Nat Bk__ MetropState Bank.. Mid-City Nat Bank Milwaukee AvN't Bk i Mutual Nat Bk of Oh Nat Bk of Hyde Park f Nat'l Builders Bank. 400,000 200,000 i 500.0UU 600.000 Nat'l Boulevard Bk. National Security Bk 200.000 1,000,000 Nat Stkyds Nat Bk. 200,000 North Shore Nat Bk. i 500.000 Oak Park Tr&Sav Bk 2.000.000 Persona] Ln & Sav Bk 750.000 Pioneer Tr & Sav Bk i 200.000 Sears-Oom State Bk_ 200.000 Skala Nat'l Bank— 200.000 South East Nat Bank South Shore Nat Bk. 200,000 Btate Bk of Clearing. 120,000 200.000 Terminal Nat Bank. Unlv St BkofOhlc.. t 296,000 300.000 Upper Ave Nat'l Bk. Uptown State Bank. 300.000 200.000 Western Stf.te Bank. Amalg Tr Si Sav Bk. Banco di Napoli Tr. Ohic City Bk & 400,000 300.000 i 800.000 Tr.. 544.000 200.000 6.000,000 Harris Tr & Sav Bk 786.000 Lake snore Tr & 8 Bk i 500.000 Lakevlew Tr & 8 Bk. 3,000.000 Northern Trust Co Drovers Tr & Sav Bk i Bast Side Tr&Sav Bk 300.000 Pnl'nmn Tr & Sav Bk Elgin— Elgin Nat'l Bank (10 110 12 100 20 57 Com Mer Nat Bk&Tr 2.000.000 660.000 First National Bank. Jefferson Tr &8av Bk Capital notes ... South Side Tr& Sav B 100 68,825 1,560,073 /100 \100 290 City National Bank. 150.000 130 137 150.000 130 90 135 100 Coun Bluffs Sav Bk. First National Bank. 100 100 108 20 22 27 105 11 12 110 100 100 75,000 I 25,000 Preferred 15 50 100 145 150 175 30 185 35 100 "135" 140" 800.000 1,984,263 30,390,871 100 500,000 11.206,370 500,000 130,605 150,000 19,591,962 (25 2,978,366 125 100 550.000 11,127,467 450.000 73,668 150.000 22,015,618 (100 1,750.000 1,250,000 150.000 1,203,632 41,667,682 [100 312,025 5,237,434 100 300,000 250.000 490,048 178,676 10,058,465 5,169,461 100 Toy Nat Bank Security Nat Bank 400.000 250,000 300,000 250,000 Woodbury Oo Sav Bk 100.000 295,000 309,249 388,007 243,312 115,233 Gap City State Bank Cent Nat Bk & Tr Oo Common.. Preferred Des Moines Bk&Tr Co i 20 30 35 100 68 75 205 100 VaPay Sav Bank First National Bank. Amer Tr & Sav Bank i 50 100 88 82 110 120 100 23 28 100 295 305 50 63 280 100 560 575 165 175 N 100 sa Dec. First National Bank. Nomi nal. Per 70 5,142,600 f 50 45 300.000 I c 6,221,795 65 Illinois Nat Bank 710,130 356,749 417,638 300.000 100 35 600.000 Springfield MarineBk 100 30 35 National Banks 30 INDIANA . i 100 100 175 185 50 105 115 100 125 135 Institutions I Bank \ North Side bank 384,675 15,573,143 Mutual 1,665,000 1,200.000 707,658 100 23,047,149 223,500 100 100 100 Peoples Savings Bk.. Fort WayneLincoln Nat Bk & Tr Ft Wayne Nat Bank o re cent sa les 100 405,733 2,728,224 100 500.000 100.000 100.000 1.000.000 1.000.000 100,000 200,000 1,311,324 1,279,405 33,375 263,823 100 29,152,882 25,469,412 1,103,025 2,449,996 a . 200 I6O1 \150 593.738 7,479,205 10,170,332 1,542,273 1,352,405 i k share. 225 100 100 175 110 110 125 150 75 125 100 100 150 100 [100 1100 t 150 100 Preferred i 110.000 1 90.000 100.000 100 I 400,000 Preferred a62tf 50 160 State KENTUCKY 30 Institutions Dec. 30 Nomi nal. 20 re cent sa les 16,723,846 25,298 1,283,730 1,162,744 12,130,277 20 869,598 46,291 17.070J32 100 100 Per 100 180 10 15 617,500 150.000 4,962,302 5,550,308 6,236,204 1,754,106 60 29 10 6 210 18 34 9 300.000 280,732 3,283,969 100 130 135 1,597,589 10 200.000 First Nat Bk & Tr Oo 250.000 i Peop-Lib Bk & Tr Oo OovingtonTr&BkgOo i share' 481,191 312,849 329,342 75,368 Citizens'Nat Bank.. o 20 380.000 Dec. Covington— 100 754,179 , \«2>, 1,116,349 32,555 101 100 N Common 4,105,394 ( 6J»i 177,599 110 125 250 100 110 100 225 100 A Common National Banks 500.000 500.000 Preferred 1,042,615 fioo N 100 Wichita- 100 Old National Bank— Common 11,912,248 HOC 1,198,612 51,020 280" 100 8,285,911 500.000 National City Bank. 430,440 276,868 6,920 69,481 59,240 206,201 617,711 35,875 41,547 Merchants' Nat Bk. 30 Per Franklin Bk & Tr Co Indiana Tr & Sav Bk. 165 150 200 100 50,000 200.000 k Nomi nal. Citizens Tr & Sav Bk 2,293,063 2,729,314 881,126 100.000 1 100.000 Common. 40 16,402,653 1,294,489 1,387,128 1,422,578 1,044,113 13,460,825 1,801,026 I20"" 135" £ Dec. 827,407 185,740 34,932 21,404 52,193 775,864 42,179 100 162,809 266,643 29,306 77.500 200.000 £ 40 SfVaneville— 500,000 100.000 150,000 137,500 100,000 m uoo 5,215,182 600.000 400.000 £ Central Nat Bank... 100 6,492,257 (100 503,283 Topeka— . Citizens' Nat Bank__ 73,000 150,000 150,00C 50,000 £ . State les 13,460,997 f 10 \ 10 100 2,715,866 1,322,286 100 100,000 g Bk. 50 638,302 1,535,458 10,369,291 5,995,189 13,200,935 cent Leavenworth— "115" 115" 948.050 12,004,992 6,283,432 10,318,975 169,698 g 109,000 16 300,722 91,000 25 60 100 o re 65 20 3,971,861 (66i, 239,872 434.000 200.000 75,000 50 60 100 N 100 3,431,562 4,675,341 3 First State Bank 650,539 share. 100 sa 85,111 262,057 City- 50 1,777,025 Kansas 20 166 30 Dec. HutohinBon150.000 250.000 18 49 157,700 33,207 45,747 105,575 500.000 cent les State Institutions KANSAS 30 les 60 20 National Banks 0 rec ent 100 20 344,897 o re sa 10 •6,450,000 6,442,351 6100 100 7,721,140 100 7,160,344 100 2,608,384 290 100 Live Stock Nat Bank . i 100 68 100 10,907,797 25,828,374 16,437,959 Springfield— 1100 N First National Bank 100 Bockford— Third Nat'l Bank... 50 Dubuque— Sioux City- 100 50 459,984 282,225 al00 1100 2,186,965 100 114,747 200,000 244,000 500.000 a25 (swa-Des Moines Nat Bank & Trust Co: Illinois Natl Bk & Tr Co olOO 100 Preferred 195 cent les 100 1,930,970 Common 100 100 sa 88,186 Bankers Tr. Co— Common 100 25 100 100 100 o Oes Moines— 32 80 70 N re 100.000 Preferred ~25~' 25 100 20 Davenport— Davenport Bk & Tr. 130 ~15 100 State Savings Bank 115 215 200 50,000 Common 125 100 15.942 200.000 t 174.000 200,000 100.000 50,000 Q 270.000 Peoples Bk of Quincy S'thSideBk of Quincy State St Bk & Tr Co. i Lamasco 2,875,812 4,406,340 125 280 100 100 100 R Overview State Debentures.. Mercantile Tr & S Bk Dec. 177,060 198,368 110 100 120,436 100.000 Common. ft* 2,920,513 34,040,689 4,900,053 1,077,779 500,000 250,000 Common. Quincy— B'dway Bk of Quincy 111 State Bk of Quincy Swedish-Am Nat Bk. 122,839 2,060,704 157,338 43,020 200,000 Merchants Nat Bank 100 50 share. Per 2,367,019 3,043,193 170 100 Ask 100 77,123 73,962 Guar Bk & Tr Co 160 Bid Par $ People's Sav Bank United State Bank Council Bluffs— 100 Gross Deposits 125,000 200,000 61 152,814 200,000 j, 88,000 150.000 Common. Burlingtoli— Cedar Rapids— 1,565,837 8,370,308 2,321,955 202,584 727.231 181,088 841,499 1,146,100 1,695,106 15 30 Nomi nal. Farmers & Merch S B Nat Bk of Burlington 200 . 600.000 7 13,522,687 29,543,426 Peoria— Cent Nat Bk & Tr Co 3 13,019,698 6,018,985 238,325 6,782,783 275,901 1,323,312 23,123,249 596,953 18,720,717 7,287,255 302,974 3,256,752 73,935 264,699 12,160,173 7,098.543 208,536 421,282 12,072,114 3,601,351 135.098 6,787,422 267,733 948,631 17,726,596 9,170,171 341,130 1,567,607 44,694,604 4,840,892 111,364 9,797,913 334,383 6,930,010 1,658,276 798,052 21,921,781 500.104 11,274,431 3,386,909 76,897 8,486,023 296,935 > 1,789,853 77,402 3,315,298 97,737 7,769,636 384.230 6,981,931 359,359 8,027,464 458.099 10,021,656 382,947 4,064,904 225,731 9,537,553 443,844 5,538,577 406,949 1,208,156 27,013,874 483,815 12,652,679 1,161,539 73,224 11,436,985 270,291,608 13,519,624 321,065 1,473,375 32,722,515 10,522,650 369,946,356 425,436 10,643,677 100.000 Union Nat'l Bank 20 Dec. Surplus A Profits Capital 2,654,850 State Institutions IOWA 30 Ask Bid $ 258,262 100.000 300,000 First Nat'l Bank Par Deposits Nomi nal. Per share. 372,418 275.000 I 326.000 482,880 300.000 1.000.000 1,695.260 — Preferred Dec. Gross Surplus A Profits $ 260,000 Chicago (Concl.) Kaapar Am State Bk National Banks State Institutions Dec. 30 ILLINOIS Capital TRUST COMPANIES AND BAMS 104 Dime Trust & Sav Bk People's Tr & Sav Co 250,000 300,000 Gary— Gary State Bank Gary Tr & Sav Bk.. 400.000 200,000 Debentures » 3,718?447 Lexington- 20 Sank of Commerce.. 75 100 100 125 Indianapolis— American Nat Bank. 10 1.000.000 (1,802,280 40,503,182 725,000 I 10 Class A preferred. 100 100.000 121,163 Fountain Sq State Bk 2,481,671 4,000.000 8,955,653 129,566,156 100 Indiana Nat Bank.'. 200,000 Live Stock Exch Bk. i 201,935 1,301,246 100 50,000 26,733 Madison Ave St Bk 1,003,476 100 100 65,000 12,446 586,431 Marlon Co State Bk_ i 100 1,250,000 2,369,216 36,289,025 Merchants' Nat Bk. i 325,000 60,975 2,374,122 100 People's State Bank500,000 Bankers Trust Co 380,844 3,483,626 100 100 143,785 4,839,179 Fidelity Trust Co— i 282,000 Fletcher Trust Co— 1 500,000 11,233,480 38,438,537 (100 Common 760,000 Debentures 1,000,000 1,175,962 Indiana Trust Co.._ 17,592,485 100 i 399,200 100 76,205 4,370,848 Security Trust Co 100 1,000.000 2,640,207 34,459,265 Union Trust Co South Bend— 347,000 93,096 American Trust Co.. 3,391,372 10 500,000 5,127,064 192,380 City Nat Bk & Tr Co 600,000 416,873 First Bank & Tr Co. 10,520,708 100 100 250,000 236,854 Merchants Nat Bank 4,754,864 100 200,000 136,185 8t Joseph Bk & Tr Co 5,363,743 Common 240,000 250.000 156,013 Common........ 750,000 684,698 Preferred 250.000 ..... — 6,464.201 (100 (100 268" 150 Preferred First Nat Bk & Tr Oo Second Nat Bank Union Bank & Tr Oo Security Trust Oo 18,988,659 200,000 340,000 1.000.000 150,000 150.000 500.000 1.000,000 2,000,000 I.000.000 Liberty Natl Bk & Tr II,800,000 300,000 Security Bank KentuckyTltle Tr Oo el .000.000 750.000 Lincoln Bank & Tr__ "54" 107 83,604 | 1,208,666 375,416 262,689 245,000 15,375,141 3,405,107 3,003,383 3,786,494 3,115,154 1,740,246 2,651,038 395,266 LouisvilleCitizens' Union N B_ Fidelity.& Oolum Tr. First National Bank 240 146 Common.. 148,885 1,120,481 175" 50 67 305 325 Bank.. Louisville Trust Co. 11,965,000 United States Tr Co. 154 525.000 681,312 136,605 1,139,161 108,740 100.000 100 000 143,857 509,121 Stock Yards 100.O00 Newport Nat Bank.. * Sale price. a Pref. b Oct. 2. 1939. c e les 10 50 300 210 215" 100 340 355 65,905,887 1001 9,631,580 10°) 42,590,975 100 26,273,767 2H 100 2,689,443 100 5,608,109 16,668,036 100 100 1,658,734 10 18,091,900 1,452,504 100 275 1,781,588 6,222,648 100 5 '151" 103" 100 Newport— American Nat Bank- 120 2H 0 10 x March 29.1939. Ex dividend. 3 105 140 200 7H 27 J* 32 100 100 1250 stock retirement price. Citizens Union Fidelity unified certificates. Affiliated with the First National Bank of 20 124 116 d New stock. Louisville. /Formerly the I-C National Bank of Chicago; title changed Jan. 18, g June 30, 1939. h Member of Northwest Bancorporation. i Common and preferred stock or capital debentures outstanding. I Last sale, n Dec. 31, 1938. Terre Haute First Nat- Bank——*" 255 cent Merchants Nat Bk__ Preferred alO o Terre Haute— Common 16 i Citizens Bk & Tr Co. 1940 Feb., 1940] National Banks Dec. AND BANKS State Institutions LOUISIANA 30 TRUST Dec. COMPANIES I 30 105 NatTc!TuMASSACHUSETTS 1 Surplus & Deposits Par Bid Capital Ask Nomi nal. Baton RougeCity National Bank Common. Preferred Louisiana Nat Bank Common Preferred 300.000 240.000 300,000 240,000 New Orleans— 110 11,009,595 j 635,000 20 25 1,000.000 500,000 1.500.000 1.200,000 Nat Bk of Commerce Common Preferred. Louisiana SB & T Co Whitney Nat Bank. 37,159,259 1100 |2,020,338 ^1,672.602 100 120 25 1,000.000 1.000.000 700.000 1,260,597 882,080 120 26 25 "25" "30"" 20 25 76% 170 160 100 100 100 24,467,115 10,710,397 86 7,706,097 100 247,451 169,035 250,128 2,792,505 563,365 3,588,560 100 10 20 200,000 300.000 1,041,854 196,921 5,967,250 2,194,198 100 10 6 276,000 345,000 264,584 7,645,231 50 55 o rec ent les sa Holyoke— 120 33,284,013 300 Haverhill— Haverhill Nat Bank Merrimack Nat Bank 26 Shreveport— First National BankCommercial Nat Bk. Oont'I-Am B A Tr Co 107 100 1,028,469 605.761 •N Glouc NatBk ofGlou Gleuces S D A Tr Co 102% 120 1.500,000 11,766,885 57,690,326 1.200.000 208.000 218,429 3,187,699 2.800.000 7,387,158 141,164,385 100 100 7.706,054 9,398,471 3,811,836 160,000 120,000 280,000 Safety Fund Nat Bk. Gloucester— Cape Ann Nat Bank. 150 1100 57,762.669 Ask Fitchburg— 140 Amer Bk & Trust Co Common Preferred HIbernia National Bk Common Preferred 284,462 327,157 600.000 __ 11,250,812 1100 \ 80 | 560,387 Bid Nomi nal. Per share. 400,000 427,500 800,000 B.M.C. Durfee Trust if all River Trust. 110 Par Deposits $ Fall RiverFall River Nat Bank share. Per $ Cross Surplus & Profits Cross Profits Capital 125 126" Holyoke Nat Bank-— Common..... Preferred Park National Bank 50 Common...... 100,000 Preferred 141,000 Hadley Falls Tr Co.. dl .400.000 Lawrence— 132,706 2,479,181 J100 60 1100 401,892 610,603,096 20 State MAINE 30 Institutions Dec. 30 Nomi nal. Augusta— Per First Nat Qranlte Bk d Depositors' Trust Co pa Bangor— Merchants' Nat Bk 700,000 705.575 470,274 536,272 1,000.000 200,000 J 657,551 9,024,488 10,069,778 247,443 1,001,917 600,000 400.000 Eastern Tr & Bkg Co Merrill Trust Co—. Common share. 100 mm' 25 38 m m 40 430,172 6,536,459 25 483,708 4,242,749 10 18% 667,386 12,240,627 25 23% 26 204,038 6,449,407 5,849,651 518,654 701,125 b 3,612,007 909,615 b 9.614,015 20 16% 18% 25 100 N cent 20 sa les 12,959,806 1 714,500 250 100 350 49 % 20 500,000 350,000 229,963 792,500 498,426 200,000 Bafe Deposit Nat Bk 0 100 New Bedford- _ 100 9,560,303 7,610,340 National Bank... 1.000,000 Lynn— Mfr's.-Cent. Nat Bk d 500,000 Essex Trust Co 250,000 Lynn 8 Dep A Tr Oo 100,000 Security Trust Oe 400,000 First National Bank. d Merchants Nat Bk— re Preferred 600.000 300,000 Union Old Lowell National Banks Dec. 106 Ba^rStateMer Nat Bk Appleton Nali. Bank 370,405 71,952 1,874,811 100 50 50 6,934,056 20 10,601,908 6,252,767 12% 6 8 40 10 Peabody— Warren Nat Bank 50 I 20 Salem— Portland— Canal National Bank Casco Bk & Tr Co First Portland NatBk 600,000 200.000 507,062 213,204 794,824 366,937 1,000,000 400,000 Nat Bk of Commerce Merchants Nat Bank Naumkeag Tr Co— Common Preferred 100 105 25 23 26 25 33 36 20 38 250,000 124,786 3,194,723 250,000 200.000 969,481 7,256,726 / Springfield Nat Bank dl ,800.000 100 8794,888 4,388,060 17,229,450 7,319,894 875,822 3,370,047 40 * 10 10 t 14 10 Springfield- National Lanks Dec. MARYLAND 30 Dec. 1,933,429 201,104 200,000 300.000 249,653 328,545 2,701,519 4,856,633 Mechanics Nat Bank 600,000 300.000 1,161,022 282,374 16,221,439 5,593,882 Third Nat BAT Co.. Springfield S I> A Tr. Union Trust Co West Spring fluid Tr. State Institutions Taunton Nomi nal. Per share. 500,000 383,215 6,445,499 10 600,000 11,223,869 41,621.491 800,000 370.000 533,688 11,030,424 i 175.531 250,000 3,956,724 Oarrollton Bk of Bait 80.000 257,124 1,803,876 Oommonw'lth Bank. 300,000 n 209.902 872,669 First National Bank. 4.000,000 7,560,910 215,074,987 Nat Cent Bk of Bait. 400.000 521,676 7,220,025 Nat Marine Bank.. 600,000 790,176 5,531,262 Western Nat Bank.. 750.000 625.532 14,976,672 Colonial Trust Co... 400,000 142,963 2,422,701 Equitable Trust Co. 2,000.000 1,356,339 42,455,173 Fidelity Trust Co.. 1.000.00G 1,141,087 20,092,774 Maryland Trust Co Common 1,000,000 42,609,435 Capital notes 1,550.000 Mercantile Tr Co.. 1,500,000 3.902,919 27,273,719 Real Estate Tr Co.. 600.000 275,616 1,578,948 Safe Den & Trust Co 2,000.000 4,215,255 46,055,446 Union Trusi Co 3,000,000 1,883,940 49.297,308 Cumberland— (10 20 23 50 75 100 50 Baltimore Nat Bank Common Preferred Calvert Bank Canton Nat Bank.. i jl.696,861 First Nat Bank d 394.000 211,437 6,164,570 Common 100.000 99,500 500,000 J 150.000 291.000 Capital notes | 117,739 89,416 190,551 1,665,955 7,587,257 10 * Worcester Co Oommon Class A.. 4,247,435 10 100 30 2 "~57% 58% 25 10 i-l 17 68 15 16 250* 100 "77" 475 10 100 90 100 (25 25 26 50 110 115 12 13 {.!. 100,000 L 123,804 1,785,453 115 Farmers & Merc Bk. 90.000 377.000 200.000 150.000 Co 113,207 331,454 264,884 91,5961 1,602,689 1,856,213 6,001,147 4,016,068 2,144,120 100 10 Oommon Preferred Mfiro National Bank. Nat Bank of Detroit- Common Preferred United Savings Bank Preferred Wabeek State Bank. Bankers Trust Co 75 Common Common c25 190 195 7 8 10 ........ Day Trust Co Fiduciary TrustOo.. New Eng Trust Co.. Old Colony Trust Co Pilgrim Trust Co. State Street Tr Co.. U S Trust CoCommon d 500.000 1.000,000 15.000,000 400.000 3.890.000 _ Beverly Trust Co Brockton— Brockton Nat BankHome Nat Bank cent les Cambridge Trust Co County Bk A Tr Co_ .. Middlesex Co Nat Bk N re cent 500,000 972,928 10,227,121 20 sa les 0 2,029,934 b65,454,350 8,250,000 9,250,000 750,000 500,000 1,200,000 500,000 50 103 108 3,608,685 156,060,955 I 20 t50 52 1 1,800.000 3,570,000 3.000,000 on 5.331,926 150,681,757 J14262 328 50 462,313,299 1 "l20" 136"" 10 40 41 24 26 1 25 23,481,447 / 10 \ 10 16,566,478 r 448,880 "16 j1,250,000 438,686 431,857 ...... 1,572,880 f I "15% 10 5 7 41 24 43 26 899,298 392,131 2.000,000 3 <710,250,738 f 20 1 20 701,262 ff 5,921,724 100 148,412 4,530,173 | 10 81,134 g |2,093,753 4 Flint— Olt Com A Savs Bk. dl ,000,000 Genessee Co Savs Bk 1,000.000 28 20 20 25 77,5*1 .430,092 22,791,265 9,592,973 3,074,527 6,390,562 20 250.000 400,000 20 18 250,000 114,105 2,041,340 20 12 14 674,065 11,882,848 | 20 25 30 20 20 23 400,000 635,003 8,912,903 10 19 21 1,000,000 1,250,000 2,378,875 47,044,168 1 10 27 29 Grand Rapids Tr Co. Union Bank of Mich. 400,000 250,000 Michigan Trust Co.. 10 1,200,00b 110,429 428,352 761,709 Merch A Mech Bank Fjint Rapids— Central Bank.. Nat Bk of Grand Rap Oommon 500,000 , i 180,000 30 "25"" 22 20 Old Kent Bank— Common Preferred .89,153,899 15,234,023 41,486,752 2,440,615 15,554,397 2,262,704 38,919,846 \ g <7 1,578,235 3,624,372 2,729,775 10 «• — _ _ 20 mm •» __ 50 19 20 14 25 21 16 Saginaw— Saginaw State Bank. d 357,000 227,529 7,046,113 20 1,250,000 2,522,459 29,923,933 100 28 Second Nat Bank A Tr. Co e255 None * 9,337.959 90,418,006 Sale price. t Rights to subscribe for 13,354,312 new stock of the Detroit Bank, Detroit, Mich., held, at $40 per share. Rights bid 2, asked 2%. 450.000 a 100.000 141,186 2,676,532 300.000 100.000 307,920 107,015 4,058,119 1,713,214 600,000 600.000 702,219 541,108 8,761,458 7,323,364 150.000 300.000 1.000.000 600.000 682,275 bf,053,466 536,670 4,654,719 1,636,170 622,365,578 800,893 10,697,462 Stock has to be offered to board of directors. b Includes c savings deposits. Retirement price. d Common and preferred stock or capital notes outstanding. f Convertible pref. stock entitled in liquidation to $20 a 100 10 20 Dec. 31. a share. Trust balances. i Cambridge— Harvard Trust Co. Everett— 100 in the ratio of one share for each five shares 700.000 11,358,419 Convertible pref._ Winthrop Trust Co. Beverly— Beverly Nat Bank.. 400.000 400,000 500.000 Preferred Boston 8 Dep & Tr. Columbia Trust Co.. share. 100 300,000 Peoples Nat Bank- 6,038,313 733,886 4,087,548 234,599 1,777,792 692,330 3,403,378 5,259,863 547,385 6,943,478 30 2,308,340 6,604,900 Preferred Un Guardian Tr Co. N re sa Boston— 2,000.000 1,000 000 2.000,000 100.000 1.250.000 Dec. 69,999 366,725 n 309,660 226.340 Preferred Detroit Trust Co- 100 10 First National Bank. 27,812.500 53,406,194 739,025,407 Merchants' Nat Bk 3,000,000 5,692,340 108,423,539 Nat Rock Bk of Bos 1,500,000 3,062,168 33,482,058 Nat Shawmut Bank. 10,000,000 20,901,143 196,576,111 Second Nat Bank.. Web & Atlas N Bk. 634 State Institutions Equitable Trust Oo— 70 MASSACHUSETTS sta"feT%'im' 30 24 5% Per 300,000 Commonwealth Bank d3,700,000 Detroit Bank.... Grand Dec. 22 10 Nomi nal. Nat Bank of National Banks 140 17 10 2,286,533 637,546,979 MICHIGAN 30 Wayne Oakland Bk. Nlcodemus Nat Bk_. Second Nat Bank Hagerstown Trust 25 115 4,144,995 10 2.000 noo Bay City— Bay City Bank..... Natl Bk of Bay Oity. People's Commercial A Savings Bank... "16' 9% 100 423,067 61,602 100 Detroit— 70 100 5,059,865 5,274,842 Maryland Tr_. Hagerstown— 25 19 527,249 1.50,000 1,000,000 ..... Dec. 25 100 973,475 West 25 35 100,000 125.000 Fr'k Town Sav Inst 100 ' National Banks 75 44% 20 Frederick Co Nat Bk Common 44,220 150.000 69 30 10 Citizens' Nat Bank.. Farm A Mech N Bk. Preferred 350 69 25 25 Tr Oo Common Common 8% 100 Worcester— Liberty Trust Co— Capital notes Frederick— 1,470,739 — Machinists' Nat Bk. Bristol County Tr 5 Peoples Bank— Second Nat Bank 1.500,000 1.000.000 1.000.000 194,250 30 Baltimore— Bait Comm'l Bank 10 15,616,741 31,350,916 15,017,503 14,221,755 2,512,847 Guaranty Bk A T Oo ' 1938. * Units. n Oct. 2, I Last Sale. 1939. 0 Grand Rapids Trust Co. consolidated with the National Bank of Grand Rapids, Grand Rapids, Mich., under title of the First National Bank A Trust Co. of Grand Rapids. New capital, ,$520,000 cofnmon and $180,000 RFC preferred stock. The consolidation became effective Jan. 11, 1940. t Affiliate of First National Bank of Boston. BANKS 106 National Banks Dec. Olty National Bank. Jfc Duiuth Nat'l Bk First 8c Amer Nat Bk 2,000,000 Minnesota Nat Bank 400,000 of Duluth Central Nat Bank— Fifth No'west'n N B. Flrst Nat Bk & Tr Co Hennepin State Bank Marquette Nat Bank Midland NatBk 8c Tr Minnehaha Nat Bk. N'western Nat B & T 52,599 100,000 k 140,000 e 100,000 66,000,000 6 100,000 k 362,000 k 974,375 6 100,000 Common Produce State Bank. 6 2d N'west'n State. Third N'west'n N Bk 4th Northwest Nat'l. University State Bk. 950,373 8,103,406 2,043,511 30,834,169 Bid Ask 45,169 St. Louis (Concl.) Telegraphers Nat Bk U nited Bk 8c Tr Co.. 21,577 124,161 34.422 43,905 8,293,344 28,733 342.237 607,393 50,665 2,558,629 1,975,532 1,922,339 153,209,495 1,025,249 6,328,972 17,471,693 2,021,444 o cent Ohlppewa Trust Co. k Saston-Taylor Tr Co k sa les Llndell Trust Go_ 400.000 Merc Com B 8c T Co- 10.000.000 Mercantile-Com¬ 66*3 350,000 Miss Val Trust Co.. 6.000,000 * Meund City Tr Co 243,059 North St Louis Tr Co 300,000 WebsterGroves Tr.. 100,000 merce 5100 e— elOO Nat'l Bank. 100 OI11 sens' Bank Union Nat Bank 6100 Southern Missouri Tr k UK e Jt 100 31 85 20 6 100 85 6,273,436 350,603 3,243,605 105,737,648 31,065 3,036,234 312,337 4.360,979 229,985 2,973,944 100 25 20 National Banks Dec. 129 130H 4H 4 n 30^ IV* 50 100 "26"" 20 30 175 100 1,059,352 454,353 65,675 7,701,248 115,900 263,613 241,733 330,100 512,214 State Institutions MONTANA 30 Dec. 30 No re cent plOO share. Per 5,338,188 plOO 3,122,757 100 100 3,594,369 217,524 174.213 200,000 150,000 100,000 5,289,073 1100 pi.000,000 / 100 100 Nomi nal. 29,318,508 100 5,171,484 100 2,119,278 100 141.706,202 plOO 2,364.400 100 8,685,448 100 6,212,474 elOO 100,000 1 135,000 100 2,762,107 11,431,168 2,319,158 17,063 441,346 70,259 Billings- 5,903.090 plOO 1,941,490 100 125,000 i Montana Nat Bank. les sa Sec Tr 8c Savs Bank. Butter- o Miners Nat Bk Metals Bk 8c Tr Co^ 11H 11 e 240,881 300,000 100,000 600.000 First National Bank. 929,103 625,838' 100 cent 100 12,991,633 1,310,480 13,055,074 44,100 les P- Helena— g ek 455,000 100,000 Stock Yards Nat Bk. * 250,000 Midway Nat BankCommon __ 600,000 318,072 10,751,350 P100 Common 250.000 213,536 Preferred First State Bank EmpireNatBk&TrCo 200.000 9,021,164 /100 \ 100 First Nat Bk 8c Tr Co Union Bk 8c Tr Co— \100 National Banks Dec. National Banks MISSISSIPPI 30 State State Institutions Dec. 30 NEBRASKA 30 Institutions Dec. Nomi nal. 30 Per share. Lincoln— Continental NatBk— Nomi nal. Per Jaokson share. Common ... Oommerc'l Bk&TrCo 18,348 636,021 50,000 Depos Gu Bk & TrCo 731,400 297,000 Jackson-State N Bk. Meridian— 9,847,174 603,615 300,000 100,000 — 1,019,876 13,754,362 8,903,183 497,289 75 ~12 "15" 150 165 150 175 612,390 893,057 22,753,082 11 555,161 100 1,500.000 500,000 First Nat Bank 100 65 11,312,270 (100 1,241,778 728,791 29,703,281 14,771,875 20 39 100 160 1.500.000 500.000 10 100 First National Bank. Nat Bk of Commerce Omaha— /30 140 254,720 49,930,692 (100 185 J 1,983,949 312.500 1 290,000 1,000,000 300,000 e ..... Preferred Capital National BkPreferred 88 36 100 3pi 11^ F 150,063 68,333 200.000 First National Bank- 06.000,000 Common share. 120 20 290,000 591.000 139,500 k Midland Nat Bank.. DrovExchState Bank ok 200,000 Deo. 100 Springfield— 100 el 00 St. Paul- I 211,858 4,407,491 900,289 15,385,072 9,840,140 403,990 11,604 3.095,002 40,841 3,564,891 270,680 5.970,666 6,529,767 185,583,689 20 5 - American Nat Bank. *1.682,000 150,000 Commercial State Bk k ... : 250.000 100 100 Rochester— Preferred 1.000.000 496.492 N 5.000,000 14,534,141 136,666,283 /100 1,350.000 45,739 1,557,254 100,000 1,309,670 15,372 50.000 133.847 1,788,762 eio5 100,000 149,226 3,103,121 elOO 125.000 65,233 1,324,658 79.600 First National Bank- 0 k Union Nat Bank First Trust Co. 1.000,000 Per $ 500.000 Tower Gr Bk 8c TrCo 100 Ask Bid Par Deposits Nomi nal. 50 7,240,366 12,832,918 1,118.722 930,353 267,227 371,641 Gross Surplus & Profits Capital 100 100 100 State Institutions Dec. 30 MISSOURI 30 re 1,214,797 b Preferred Dec. Par Deposits 43,324 339,146 1.000,000 Northern Nat Bank100.000 ! Pioneer Nat Bank.. Jt 100,000 Western Nat Bank. Minneapolis— Blooming'n-Lake NB National Banks 30 Nom inal. Per share. $ 100,000 600.000 200,000 Duluth— Bank of Gomm & Sav Dec. Gross Surplus & Profits Capital COMPANIES TRUST State Institutions MINNESOTA 30 AND Live Stock Nat Bank alOO" \100 "150"" 100 165 225 200 41>* Omaha Nat Bank— First National Bank. Mer 8c Farmers Bank 3,365,880 3,378,344 4,541,545 152,232 259,000 332,500 238.000 Cttisens Nat Bank.. 222,304 109,083 80 68 85 50 50 60 65 100 Common 70 Preferred I 293,9481 500,000 300,000 March NatBk&Tr Co 290,1111 121,000 1 79,000 50,000 Common Picksburg— First Nat & Tr Co— 5,709,282 5,703,680 Preferred 8 U40 100 200 1100 Packers' Nat Bank: 2,693,140 (100 50,872 \100 51,959 932,903 25 | 146,023 8,026,392 (100 270.000 inrvnno South Omaha Sav Bk 1,172,344 Stock Yards Nat Bk Common National Banks Dec. 30 MISSOURI Preferred State Institutions Dec. 380.000 e el S Nat Bank 30 \l00 27,239,701 100 31,959,686 950,090 100 Nomi nal. Per Kansas City— Baltimore Bank 600,000 500.000 6,000,000 100,000 2.000,000 Commerce Trust Co Community State Bk First National Bank. Inter-State Nat Bank 500,000 100.000 Ltnwood State BankMerchants Bank Merc Home Bk & Tr share. 100 360 100 85 78 147 H 155 National Banks Dec. 30 107 100 79,197 2,389.194 2,049,725 32,883,039 7,080,419 163,502 5,'496,676 184,414,053 65,739 1,350,881 4,987,864 134,525,547 1,509,106 25,007,416 89,434 1,695,349 202,804 3,495,748 100.000 Ulty Nat Bk & Tr Co Columbia Nat Bank- 200,000 100 70 90 100 450 475 Security National Bk 350,326 9,877,178 100 71,762 1,698.562 100 JOG 295 325 100 100 200 Per Capital notes i 1,361,914 100,000 i 15,097 600,000! \share. 1 100' 135 100 Nomi\nal. Reno— 225 National 200,000 194.000 Common NEVADA First Nat Bk of Nev. 100 410 170 Dec. Banks 30 NEW HAMPSHIRE State Institutions Dec. 30 Nomi nal. Missouri Bk & Tr Co 105,000 95,000 50,000 200,000 100,000 100,000 Common Preferred Park National Bank. Plaza Bank of Co mm Produce Exch Bank Southeast State Bk.. South Side Bank— 100 80 25,962 616,435 100 50 Preferred Stock Yards Nat Bk Traders' Gate City Nat'l Bank k Amoskeag Nat Bank Manchester Nat Bk. Merchants Nat Bank Nashua— 95 100 282,348 8,130,492 100 200 650.000 159,817 8,780,845 62 H 50 100 — _ m — - — 225 1,000,000 1,000,000 754,352 Union at Bk of Com 100,000 University Bank West port Ave Bank. 3t. Joseph— American Nat Bank. Burnes Nat Bank... First National Bank. First Trust Co FlrstStJoeSfkYdsBk 100.000 136,287 26,609 202,669 Preferred- Tootle-Lacy Nat Bk. ■mplre Trust Co Missouri Vail Tr Co St. Louis— 100,000 200,000 200,000 500,000 100,000 250,000 200,000 200.000 129,000 232,247 261,323 432,626 157,032 91,674 261,371 136,442 66,399 27,243,397 1,078,482 1,147,787 2,309,956 8,557,135 4,054,996 10,407,474 no 200.000 600,000 6,263,695 3,105,984 3,583,907 100 N 0 100 re cent 100 sa tes 543,971 590,607 579,936 6,560,327 5,984,399 100 100 280 135 6,815 423 100 80 -97,808 3.299,246 (100 300 140 Portsmouth— First National Bank. 250,000 1 75,000 i Preferred 1034 share. 949,897 611,280 269,274 200,000 New Hamo Nat Bk N 0 1100 1,526,982 38,056 re cent 100 sa les (15 100 100 150 75 100 150 160" National Dec. Banks NEW JERSEY 30 Institutions State Dec. 30 100 Nomi nal. 100 o 100 cent 100 709,565 7,084,249 100 120,000 343,783 500,000 100,068 1.135,209 (100 I 10 268,721 6,102,960 10 225,000 1,184,565 149,552 1,474,118 (100 Common Guarantee Bk&Tr Co 100 Equitable Trust Co— Common Amer Exch Nat Bank Share. 150 Bankers Trust Co— Preferred 100 Preferred 4 107,500 I 103,368 2,451,530 J20 15 92,500 \20 Baden Bank 75 100 200,000 2,753,153 81,449 20 36 Boatmen's Nat Bk-. 2.000,000 2,348,442 63,410,703 90 Bremen Bk 8c Tr Co. 100 400,000 327,976 5,529,811 Oass Bk & Tr Co 100 100 300,000 221,135 6,152,064 42 17 First Nat Bank 10,200,000 8,755,053 265,539,153 90 Industrial Bk&TrOo 20 750,000 14,426,010 677,800 Jefferson Bk & T CoCommon 200,000 I 65 88,984 3,498,762 100,000 Capital notes— "15" 580,000 Jeff-Gravols Bank 169,980 7,049,663 Lemay Ferry Bk & Tr Common 50,000 79,214 1,643,881 /100 Preferred 50,000 \100 Manufacturers Bank 15 20 600,000 8c Trust Co 590,428 12,542.298 90 100 500,000 Manchester Bank. 254,197 6,302,093 49 50 500,000 Mutual Bk & Tr Go.290,657 11,330,981 20 20 690,000 No'western Nat Bk. 460,540 7,174,787 25 20 200.000 148,985 Plaza Bank (The) 4,297,561 125 100 350.000 734,620 Sec Nat Bk Savs&Tr 15,882,561 Southern Commerc'l 60 100 * 420,000 & Savs Bank.. 51,881 3,366,190 19 20 400,000 244,408 5,138.128 South Side Nat Bk— 400,000 Boardwalk Nat Bank les s Per Atlantio City- 100 None 4,054,409 8,801,239 2,691,857 1,117,511 9H 400.000 Common Union Nat Bank— Common 200.000 Nashua Trust Co— SecondNat of Nashua 65 120 200,000 150,000 Indian Head Nat Bk 100 100 Per Manchester— 100 57.555 1,894,138 3,239,520 2,461,598 1,418,327 39,364 109,209 109,021 50,000 50,000 400,000 Common 130 115 100 1 10 ..... a30 3 "75c" Common Preferred ... _. _ 1100 85 37 Asbury Park— Grove Bank... 43 103 Seacoast Trust Co Bayonne— Jfc Broadway Nat Bk Bayonne Trust Co.. __ 75 25"" al66~ 16 100 51 22 28 135 a 549.975 321,618 6,359,790 100 70 80 300,000 100,000 Asbury PkNatBk&Tr Jfc Asbury Park & Ocean 180,472 115,370 3,036,607 1,014,083 10 6 10 5 3 4 200,000 35,938 50 400.000 419,320 1,934,885 9,813,314 100 75 Retirement price. b First National Group, c Dec. 31. 1938. d Owned by the e Transamerica Corp.. San Francisco, Calif. Member of Northwest Bancorporation. / June 30, 1939. 0 Member First Bank Stock Corp. 1 Oct. 2, 1939. k Preferred stock and common stock or capital debentures outstanding. i L<ist s&l0 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. 0 American National Bank of St. Paul affiliate. s Member of the Guardian Detroit Union Group Inc., Detroit, Mich. n Price applicable to 100,000 FEB., 1940] BAMS Banks NEW JERSEY TRUST AND COMPANIES National Ranis "Sr1 Surplus & Deposits NEW YORK Gross Profits Capital Ask Bid Par 107 Gross Surplus & Profits Capital State^Institutions Bid Par Deposits Nomi nal. 243,600 575,000 248,000 Gamden— FlrstOamNatB&TCo d2,150,000 1,185,288 48.406 1,295,124 100 25 30 100 65 70 20 8 9 26,007,053 12% 2% 3X 1,479,352 35,889,410 IK 88,902 269,552 124,314 Farm & Mer Nat Bk. k Mercbantville share. Per Bridgeton— Bridgeton Nat Bank. Cumberland Nat Bk. 2,279,112 5,244,970 1,534,827 Nat'l East Orange— Ampere Bank & TrCo 200.000 62,466 Sav Inv & Trust Co: Common Preferred 95,600 769,165 J 311,765 10 2X 45 3,279,835 33 X 18,784,703 % LI d 400.000 70,3 il 176,929 40,848 e 20 12 2 240,000 225,000 500.000 First National Bank- 2.225.000 Franklin Nat Bank.. d 200,000 Hudson Co Nat Bk— Common 1,250,000 Preferred 1,500,000 Bergen Trust Co 100,000 Commercial Tr N J.. 3.400,000 North Bergen Tr Oo. 100,000 4,308,418 13,062,323 1 294,837 2,912,977 10 2% ..... 3X ... J 348,489 35,766,961 J 25 \ 30 100 1,085,578 94,251 3,263,057 21,678 67 63 3 2,200.000 2,500,000 Debentures "I" 10 71,305,404 25 30% 32 821,668 50 25 35 r30 53,612,483 230.000 13,075 3,052,038 % X { I r 391,426 451,766 28,504 918,263 575,616 125 110 25 7,986,936 6,644,195 1,692,905 10.827,701 10 50 125 15 200,000 100.000 463,904 116,856 Bank of Commerce of Newark 150,000 Lincoln Nat Bank 600,000 49,618 395,964 Franklin Wash Tr Co 884.000 53,437 Mt Prospect Nat Bk. Nat Newark & Essex 122.837 3.000.000 500.000 1,797,228 51,710,581 2,117,476 29,604,452 61,141 3,307,656 c 99,164 2,0.38,608 1,209,091 37,417,370 8,664,689 155,201,535 1,635,902 18,017,053 137,507 3,360,345 581,687 4,524,949 Banking Co National State Bank d Columbus Trust Co. Federal Trust Co 304.000 1.622.500 d7.000.000 Fidelity Un Tr Co Merch & Newark Tr. Union National Bk. United States Tr Co. West Side Trust Co. 526,980 2.500,000 336.300 800.000 _ 1,022,425 295,277 863,750 426,811 481,249 132,077 ... Nat Bk of W N Y— Common 100 14% 1% 2X 2X 1% 60 258,590 50 Amalg Bank of N Y 10 7 29% 21 22 Chase Nat Bank Comm'l Nat Bk & Tr Fifth Ave Bank 2l" First National BankGrace Nat Bk of N Y 11 Merchants Bk of N.Y 6 ...... 25 b 9 N o re cent sa les Penn Exchange Bank r30 25 100 Public Nat Bk&TrCo Schroder Bkg Corp 10 50 40 f50 Passaic— Passaic N Bk&Tr Co 42,125,000 People's Bk & Tr Co. 1,000,000 Plainfield— 2,501,913 403,776 Trust Plainfield Nat Bank. 425,000 Mid-City Trust Co.. 4 100,000 Plainfield Trust Co.. 41,150,000 State Trust Co 4 247,500 129,863 60,547 611,217 53,520 . 10 100 returns co. 1 175 10 7 25 3 City Bank Trust 30 Clinton Trust Co Colonial Trust Co *25% Continental Bk&Tr. Corn Ex Bk & Tr Oo Corporation Trust Co Empire Trust Oo Equitable Trust Co. N o 100 re cent Federatic 100 sa les Fulton Trr«t Co a Bk& Tr Co Fiduciary 1** ost Co.. Guaranty Tr, st Co. Paterson— . First National Bk— Common Hellenic Bk & Tr Oo. Preferred Haledon Nat Bank.. 4 Nat Un Bk of America 4 680,000 I 550,000 100,000 293.000 Paterson Nat Bank.. 600,000 Second Nat Bank 1,500,000 Paterson Sav Inst 42,000,000 Prospect Pk Nat Bk Common 100,000 Preferred 45,000 Citizens Trust Co— Common 600,000 Preferred 592,879 14,124,731 flOO \ 60 58,542 42,512 100 1,515,916 816,564 1,196,429 1,535,358 2,702,494 17,183,727 17,517,948 28,232,950 492,120 6,456,141 128,587 8,817,198 / 25 1121! 5 17,438,124 J100 20 U S Trust Co— 600,000 528,223 50 50 60 Irving Trust Oo loo" Lawyers Tr Oo. 12 "65" 25 25 < 50 5 5 25 65 3 2% r20 "155" 10234 7,774,181 4,395,718 4,864,613 100 300 20 15 442,032 737,269 100 153,962 108,392 514,174 512,679 1,902,919 1,186,121 4,200,209 6,593,609 868,206 350 <50 0 10 re cent 100 sa les 100 100 ty banks are repo rted net rofits are of date Dec. 30 State banks, a di Hdend City and Broo klyn m 207, 203,204,205 206, rk 500,000 1.000.000 1.000.000 25.000.000 42,642,500 21,000.000 20,000.000 30, 1939. 185,400 4,277,200 1,398,732 17,077,235 630,953 264,108 81,047,727 1125410058 292,820 23,477,876 72,745,640 1106736120 56,744,100 737,104,300 and 1939 record be 208 ay 100 50 "16 7 20 10.000,000 16,450 ,773 79,052,586 4 331 ,200 725.000 8,796,000 470 ,837 1.000.000 11,212,540 4,989 ,865 4.000.000 66,919,623 15.000,000 19,065 ,140 338,420,006 352 ,500 500.000 38,600 3.500,000 3,558 ,161 70,074,585 500.000 391 ,600 190,600 825.000 1,249 ,000 11,026,700 2,000,000 2,868 ,746 26,157,075 1,309 ,881 1,000.000 15,702,380 90.000.000 184701 ,954 2088427346 403 ,550 1,000.000 3,432,329 50,000,000 53,188 ,798 695,235,227 1,000,000 2,750 .756 21,976,508 1,930 ,339 38,955,229 2.000.000 10 56% 5834 4% 5X 107 104 50 52 20 50 25 30 10 14 153 20 53% 543 100 10 25 10 38 12 "12" '13" 10 100 195 210 100 100 292" 297" 100 10 25 160 50 32,998,440 144494787 762,763,244 f 20 9,118,520 9,735,652 126,914,845 6,000,000 New York Trust Oo 12, =*10,000 28,959,080 419,605,587 25 Pan American Tr Oo 600,000 165,737 25 4,709,695 Savings Banks Tr Co 429,997,000 6,354,400 170,639,700 200 Convertible pref.. Marine Midi Tr Oo !2S . 12% 13% 100 Common 3 5" 25 9 Common rl2X 25 50 Trenton— 6,000,000 14,587,136 18,772,142 Debenture notes.. 6,913,840 Trust Oo of Nor Am. 4 306,800 700,000 8,139,600 Underwriters Tr Oo. 1,000,000 1,058,226 17,835,030 U 8 Trust Oo of N Y 2,000,000 28,828,073 105,843,115 "29" "32" 39 52 4% 111 41 54 5% 114 12 I 100 100 3X 80 100 1665 4X 90 1715 Jamaica. L. I.— 630,553 2,743,914 50,994 84,963 1,192,561 1,088,407 15,234,064 50,065,205 1,325,014 1,519,654 31,906,237 27,295,914 100 40 10 4 100 15 it* 100 50 20 45 25 50 10 1 2 50 Jamaica Nat Bank.. 4 ♦ a Sale Woodbury— c 566,500 452,574 3,322,396 3,249,826 d 10 50 60 380.3001 t Marine Midland 3,835,600 Corp. Only outstanding stock of People's Bank & Trust Co. of Passaic, N, J. stock of the Realty & Security Co. Includes Oct. Mechanics' 100.000 200.000 price, is Si par pref. b National Bank First Nat Bk & Tr Co [ 25 Mfrs Trust Co: 3chroder Trust Co_. "75" 20 \ 750.000 Broad St Nat Bank. 977,500 FIrst-Mech Nat Bk. 43.134,000 Prospect Natl Bank. 200,000 200,000 Security Nat Bank.. Trenton Banking Co 1,500.000 Trenton Trust Oo 41.874.000 16 Title Guar & Tr Co— 594,000 Common Preferred 55 i , 60 Farmers' Co 25 100 5,574,602 1,326,145 16,495,069 4,131,655 date, Dec. Bankers Trust Oo Bronx County Tr Oo Cent Han Bk&Tr Oo Chemical Bk & Tr Co 31,555,721 12% 5,880,012 a 25 .... 53 56 100 43,500 n 6,741,700 650,000 6,000,000 13,931,015 222,426,000 100 "428" 438"" 10 17% 18% 20,000.000 28,524,261 546,199,000 40 50 812,203 n 8,097,309 60S 1,000.000 100,270.000 150456,860 2795883000 13.55 3434 36% 181 187 7.000.000 10,878,761 103,624,000 100 715 745 100 500,000 4,253,843 58,249,000 1945 100 1905 10,000,000 109480,006 648,820,000 1.500,000 2,167,420 n36,094,356 100 400,000 100 "ios" Il8~" 287,400 n 6,376,500 40 4 50 44 317,600 n 9,776,400 745,000 77.500.000 78,414,633 2331135000 12 X 28% 30% 12 14 41.014.300 985,700 7120,260,364 12X 14 16 4475.000 10 293,660 n 3,480,394 32 7.000.000 34 9,910,269 141,502,000 17 X 5,000.000 3,475,920 7727,288,922 1.500.000 2,495,117 7729,832,790 "25 "26% *28% c 10 10 12 584,308 77 9,191,266 468,750 8k of Athens Tr Co. 20 1,113,898 24,732 . 12,828,326 241 4% 100 397,296 11X N Banco di Nap Tr Co. B'kof Montreal Tr Oo 100 1,418,578 12,047,378 4,337,439 8,994,531 26,958.228 1,516,929 100.000 Weehawken Tr Co 400,000 Huds Tr Co Un City. 41,995,000 Woodcllff Trust Co.. d 145.000 National City Bank Nat8afetyBk& Tr Co sterling Nat BAT Trade Bank & Tr Co. 100 1,425,131 82,3 4,911,856 9,158,539 New York City— Deposits N ew York Ci are 1940. Sur plus and p of Feb. 1, Dec. for National and 1939 for 30, of banks and trust companies in New Yo found in our "Ra ilwav" Sec tion, pages Bank of New York-- 25 4,738,330 142,694 285,9 160,394 359,100 136,908 537,928 200,000 Bk of the Manhat Co Bank of Yorktown.. I 50 - 20 250,000 150.000 28 10 10 25 2,605,940 I 100.000 11,616,981 15,575,650 Bank of Kingston. Bondout Nat Bank. 65 510 100 25 h 16% 8 19 1 10 1,000,000 <32 t 2,094,836 1,155,775 150.000 100 2,150,440 f 100,000 42.750 ef Weehawken 22 X 525,000 Bank Liberty National Bk Guttenberg Com-Mer Tr Un City Gutt'b'g Bk & Tr Co 55 84 1640 Kingston— Kingston Trust Oo_. / Common 1 Preferred 471.273 North A West Hu dson— IstNat Bk of Un City d 289,283 45 50 79 100 100 1600 10 First N Bk of Rondout Nat'l Ulster County Nat Bronx Bank New Brunsw TrCo— 100 100 9X 279,745 State of N Y Nat Bk 8 45 11,352,920 7,269,168 ' Peoples Nat Bk 100 7X 470,6261 100 25 10,899,231 d 75 100 331! 10 200.000 150 100 1,224,806 10,186,415 7,203,688 300,000 New Brunswick Nat'l Bank of N J "5X 1939 50 10 500,000 Co 50 1,251,452 Clinton Trust Co 30, 4% 54,602,588 400,000 Trust 50 3,160,342 1,563,786 Newark- 250,000 242,500 75,000 The First Nat Bank. Nat Ohautauq Co Bk 100 50 Holly- Union Nat Bk&TrCo Farmers' Trust Co.. date Dec. Z250 50 t 170,649 2,278,050 7,932,811 98,652,214 7,438,514 163,764,289 650,000 Debentures "A"__ Debentures "B" 5 Union 500.000 [3,045,374 500.000 Common |'i;518,427 200.000 600.000 ns 100 Bank of Jamestown— 600,000 4.000,000 ..... 100 banks Dec. 30,1939 185,800 3,595,100 138,041 3,516,162 135,894 3,301,600 372,500 4,385.000 264,400 9,887,700 343,400 6,338,000 6,819,746 121,630,610 7,534,431 55,633,623 Lincoln-E Side N Bk 4 200,000 Mfrs & Trad Tr Co. 5.000,000 Marine Trust Co <8,000,000 Elmira— Cheraunsr Can Tr Oo 800.000 Elmira Bk & TrCo— 800,000 Ithaca— First National Bank Tompkins Oo Tr Co Jamestown— 4 % Tcust Co of N J— Common Preferred A.. Long Branch— Long Branch Bkg Co Morristown— First National Bank. National Iron Bank. American Trust Co.. Morristown Trust Co 9,793,889 10,225,334 8,012,383 577,447 Liberty Bk of Buffalo "I" 100 61,698,033 3,691,604 37 X 500.000 Common 82,222 380.745 1,394,736 79,176 c 875,000 550,000 8,200,000 Buffalo— 15 40 10 Jersey City— & 200.000 Lafayette Nat BankPeople's Nat Bank.. Brooklyn Trust Co.. 2 25 6,797,752 17,369,355 3,699,246 100 100 Tru st Co. retur National ' National 3 tate Bank dl.286.000 Central Home Tr Co d 500.000 Elizabeth Trust Co.. d 642,456 / Union County Tr Co dl. 114,345 floboken— Seaboard Trust Co.. 500.000 Farm B ank & Kings Co Trust Co.. Elizabethport BkgCo Preferred Hamilton Nat Brooklyn—State Bensonhurst Nat Bk d Citizens Bk of Bklyn Flatbush Nat BankKlngsboro Nat Bank 6,142,286 6,058,840 985,264 453,716 400,000 600,000 <500.000 Marine Midl'd Tr Oo 2 3 469,518 183,157 400.000 675.000 Blnghamton— City National Bank. Elizabeth— Mt. Alburn— Nat Bank of Auburn Auburn Trust Co First National Bank. Bank & Trust Oo. d 222,500 Camden Trust Co... d2.734.750 Ask Nomi rial Per share. e 70 2, security stock, 1939. Common and preferred stock or capital debentures outstanding. March 29, 1939. ' /Reserves. h Preference B stock. = — National Banks < Controlled k Dec. NFW YORK State^Institutions I n 31, by Marine Midland Corp. 1938. Last sale. Dec. 30, 1939. / Nomi nal. Per share. Albany— Mech & Farmers Bk. Nat Com Bk & Tr Co 250,000 1,500,000 State Bank of Albany 2,000,000 First Trust Company dl.970,000 1,441,326 6,101,809 4,034,800 658,871 Stockholders of the Manufacturers Trust Co. of New York approved an amendment to the certificate of incorporation on Jan. 10, 1940, reducing the authorized capital stock from $50,935,000 to $48,955,860 through the elimination of 44,074 shares of convertible preference and 54,883 shares of unissued common stock from its authorized capital, 3,575,491 72,543,995 79,591,043 100 650 100 100 440 259 270 28.467,073 50 20 23 450" 0 r Preferred stock retirement price. AND BAMS 108 National Banks Dec. State NEW YORK 30 Capital Surplus & Profits Institutions 30 National Banks Dec. Bid Par Nomi nal. Per share. 2,800.000 2,000,000 Common 4% Conv.Preferred J2,201.222 79,937,228 J 50 V 50 . Central Trust Co— 874,517 400,000 I 750,000 Capital notes. 562,680 Genesee Vail Tr Co__ e2,150,000 Roch Trust & 8 D Co 1.000.000 3,103,350 Security Trust Co— Common 300.000 200.000 Capital notes Common |2,526,380 16,399,853 9K I 10 1 3,000.000 1.000.000 20 Capital notes Schenectady— Jl, 139,713 • Mohawk Nat Bank— 259,332 200.000 I 253.590 Common Preferred 750 6,158,491 / 18.322.398 1,393,173 118,064 29,915,502 5,251,932 100 Capital notes 10 10 (710 1.200,000 750.000 943,454 513,550 22,717,^04 20 30 35 10,859,355 20 21 24 1,169,079 47,161,912 6 1,000,000 1.400.000 Capital notes Troy^- jl,146,049 1,551,639 888,886 188,279 194,996 Manufactur Nat Bk_ el ,400.000 600.000 National City Bank. e Union Nat Bank 600.000 Troy Trust Co 295.500 e 31,650,365 200"' 2K 5K 8 un 12 1.000.000 990,000 Preferred Oneida Nat Bk & Tr 600.000 160.000 Common Preferred 25 27 4 5 10 15 j 1,939,355 j 627,919 31,125,427 .40 {2ft .60 (760 Jefferson Co Nat Bk Watertown Nat Bk— 116.465 399.000 e 210.000 Common 106,600 Preferred j 178,525 567,489 500,000 1 200.000 Capital notes -. Westchester Oo— Bronxville— 4erwood-Hyde e 6.000.000 250,000 0 500,000 * 222.000 People's Bk & Sv Oo e Lincoln 500.000 Bank.. Nat 550.000 1,800.000 1.000.000 Prov 8 Bk & Tr Co. Second Nat Bank... 500,000 el. 185.000 5,000.000 Trust Co re cent lea | (25 3,808,779 4,556,826 725,533 147,914 638,685 600.000 267,500 New Rochelle— Central Nat Bank. Preferred 12,032,667 3,283,774 6,732,475 20 100 9 175 14 First Nat & Tr Co... 350,000 The Bank of Cleve. 100 10 22 32 2,213,456 1 20 29 32 1.523,164 14,942,525 10 1 3 20 17 20 K IK 50 100 70 170.000 30,000 24,823 100,000 500.000 500,000 4.431.840 _ Capital notes Union Bk of Comm¬ union Sav & L Co Preferred 250,000 1,600,000 100,000 Brunson Bk & Tr Co Fifth Ave Sav Bk Co b 6 10 10 200,OOP e3.000.000 6 2,293,705 12 K 2 48,949 66,498 5,193,427 2,736,144 15 3 6 1 3 Preferred ... 3,377,936 1,796.439 2,117,271 50 8 12 60 65 Ohio Citizens Tr Co. 92.000 177,981 7,594,521 100 200,000 150,000 199,178 5,452,513 3 8 5 9 14 90 100 96 99 100 220 260 20 9 5 6K 5,712,032 384,448 11,315,514 146,178,458 1 10K 16 024 60 20 29 K 31K 100 87 95 100 68 100 12 100 31,914 1,955,009 163,547 154,845 2,601,723 261,755 110,964 3,489,834 - 3,212 ,608 32,563 ,853 ~"io 100 1,898 ,198 2,851 ,254 100 100 60,259 ,179 100 4,238 ,390 100 1,620 ,147 74,397 ,607 b 20 *18 1 t ""26" ~ — m 185 175 62 •» -» mm 70 mm 25 823,233 38,010.417 25 , 23 25 *23" 28 '28" 580.000 1,086,565 15,197,465 20 350,000 666,526 5,984,545 25 24 28 First National Bank in Yonkers Yonkers Nat Bank & 300.000 898.635 9,352,782 10 18 (100 8,940,167 700.000 m m m m 92 \ 60 Ctfs of 18,536.057 2,804,617 331,876 14,468,232 833,070 3,036,097 103,618,260 20 34 36 50 52 54 899,145 50 « mmmm 37 m mmmm | 746,881 619,635 2,548,367 OK 16,110,856 { 50 15,196,383 21,303,978 *25 100 130 7,090,823 25 12 9 150" Beneficial Ownership Trust Fund C-2 23 197 828 750.000 _ 25 5 6 1.212,500 Capital notes... 10 h mm t t 34 33i. City Tr & Sav Bk— Oo— 306,465 600.000 ? Ooramon 1,250,000 1,500.000 Capital notes Mahoning Nat Bank el,586,000 Union Nat Bank... 1,250,000 Common. 150.000 m "29" YoungBtown— 22 . 97 (100 □ ellar Sav & Tr Oo-^- Yonkers— Preferred 150 86 7.741,207 5,000.000 Toledo Trust Co Central Nat Bank Common..... 155 130 17,171,762 1.000.000 300,000 Commerce-Guard Bk 8pitzer-R T & S Bk. 100 White Plains— County Trust Oo 145 100 T oledo— 200,000 Preferred, 100 100 10 Winters N B & Tr Co 15.868 108,584 99,350 190.000 Peoples N B & T Oo: Common 31 1,500.000 750.000 Common 10 452,578 Bank 29 768,932 Third N B & Tr Co.. 44,917 404.170 176,250 Rye— Rye National Bank.. Rye Trust Co Tarrytown N B&TrOo 10 357,928 Preferred N. _ 60— 100 200,000 235.000 750.000 Common 300.000 Mutual Trust Oo. 102 245 Merch N B & T Co— 50 Pleasantville— e 95 225 50 —50 Dayton— Westches Oo Nat: Common 100 100 5,794,128 220,638 11,225,782 1,356,730 2177352 —2-,456t874 3,396,888 360,221 3,505,284 49,701.417 18,535,555 1,080,101 8,373,723 661,803 11,426,832 347,739 2,418,610 78,095,309 — Columbus— 200.000 100.000 Ohio National Bk-_- 54.000.000 50 " Preferred 152 13,800,000 15,875,930 368,129,231 13,492,000 e5.000.000 3.025.984 33,195,988 3,089,059 321,075 900.000 190.000 e Northern Sav Bk—. 50 1,702,816 10 148 70 Market Exch Bk Co. Common 8 100 100 400,000 477.000 9.000,000 e Huntington Nat Bk. Peeks kill NB&TCo 95 10 "46" City 1N at Bk& Tr Co Columbus Saving Bk 20 1,770,639 2.631,189 85 100 100 100,000 Cleveland jTr us t Co Common IK 270 100 2,411,320 601.226 7.308,387 755,570 5,457,516 146,953 5,158,514 183,968,402 774,933 53,064 1,435,437 80,990 Bank. 120 Peekskill— Mt Pleas Bk & Tr Oo Street Lorain 100 IK 145 100 Oo— 5.000.000 7,680,000 250.000 ... 100 4,718,705 234,095 157,022 200.000 Ossinlng Trust Co... 10,184,188 3,062.6o0 1,629,543 91,766,700 1,335,139 251,991 155,605 7.473,126 275,768 60 ' National City Bank. North Amer Bk Oo. 33,065 518.565 el ,600.006 0 1,422,314 300.000 e Common 100.564 354.958 115,000 300.000 643.916 First NatPrnk 100 50 Central Nat Bank— Vernon— First National Bank. 2,524,217 19,585,817 4,075,475 11,956,484 Cleveland— Amer Sav's Bank... Equity Sav & L'n Co Fleetwood Bk (The). 323,011 1,233,604 211,172 812,310 les 100 5,000,000 14,315,303 115,414,171 1,700,000 ... Capital debentures o 16,616,637 ! Pars Bk & Tr Co. Common N sa 146,147 261,446 200,000 350,000 Mt. Vernon Tr Co.— e3.000.000 Trust 400,000 200.000 183.350 e Clev Sav & Loan Oo. Gramatan Nat Bk & Tr Co.. Bronxville Tr Co Port Chester—1st Bk & Tr Oo CincinnatiAtlas Nat Bank... Oinn Bk & Tr Co.. Columbia Bk & S Oo Ftfth-Third-U nion Tr ust 4,389,809 I 35 \ 40 10,486,976 500.000 Central Northern N Y Tr Co Common- Geo. D. Harter Bank Western Bk & Tr Oo 20 4,932,917 First Tr & Sav Bk._ 300,000 985.000 445,825 9# Ohio S Bk & Tr Oo 10,954,941 / 20 I 25 966,005 o re cent Canton— Dime Savings BankFirst National Bank. Sforthslde Bk & Tr Co Water town— Ossinina— 200,000 200,000 Guardian Bk & S Co. 21,660,588 i 25 25 12,736,727 6,201,342 162 50 4,019,114 N 5 sa Irst National Bank. Dtica— First Citizens Bk & T Huguehot Tr Co.. New Rochelle Tr.. 100.000 Goodyear State Bk__ Firestone Pk Tr&S B 100 100 share. 100 e4,691,844 Common Citizens Per 484,685 300,000 750.000 Common 30 First-Central Tr. Co. el .050,000 | <30 r I Syracuse Trust Co. Institutions Dec. 200.000 480.000 Capital debentures Lincoln Nat B & TCo Merch Nat B & T Co First Trust & Dep Co les Nomi nal. Common Schenectady Tr Co.. Syracuse — cent sa AkronDime Savings Bk Co Common 100 Citizens Trust Co— re 25 950 7,690,591 7,416,615 16,291,406 400.000 0 100 n State OHIO 30 Dec. 333,426 508,654 1,457,129 Union National Bank Mount National Banks ";r 'IF J100 45,297,450 n N 100 11K Union Trust Co: Common e share. 100 2,503,808 1,873,540 7,064,608 3,903,235 165,468 116,163 218,168 225,743 175,000 50,000 500,000 150,000 Per $ S $ Fargo— prices 10 25 16,698,206 33,232,253 34,928,964 Ask Bid Par Deposits Nom. Dakota Nat Bank.. Fargo National Bk-First Nat Bk & Tr Co Merch Nat Bk&TrOo 33K 20 30 Dec. Gross Surplus Profits Capital Ask Lincoln-Allia Bk&Tr National Banks NORTH DAKOTA 30 Dec. Gross Deposits % Rochester— COMPARES TRUST 20 j National Banks j Dec. 30 OKLAHOMA Stale Institutions Dec. 30 nal. share. Guthrie— 100.000 75.000 209,413 116,998 2,474,982 1,226,218 Nat Bk of McAlester 100,000 First Nat Bk of McA 100.000 284,132 311,640 3,405,404 2,811,742 183,167 429,217 430,223 3,133,442 3,764,406 4,941,753 First National Bank. First State Bank... MoAlester—■ Nomi nal. Per share, Ashevllle— •200.000 204,407 4,006,610 20 500,000 300,000 1,200.000 514,529 14.133,859 7,663,319 83,370,999 100 205^ 100 270 100 300 1,626,873 13,285,090 2,252,207 7,392,278 2,206,159 1,016,514 100 55 25 72 5,127(583 14,868,116 10 First Nat Bk & Tr_. 20 Muskogee— Oharlotte— Commercial Nat Bk. Union Nat Bank American Trust Co.. Durham— Citisena' Nat Bank- e Fidelity Bank Depositors Natl Bk. e 2,876,090 69,402 150,000 500,000 1,172,452 183,958 439,190 115,453 200,000 300,000 100,000 Durham Bk & Tr Co Home Savings Bank Mech & Farmers BkGreensboro— Guilford Nat Bank 619,112 214.000 48,198 200,000 800,000 e 258,555 20 19 Citizens National Bk 25 30 200.000 5.000.000 60.000 2,000.000 3,148,671 55,228,223 125,000 175,000 350,000 j 357,960 500.000 Stock Yards Bank 451,829 10 15 16 Fourth Nat Bank— Common.; se 780,000 1,714,261 20,886,457 25 72 75 Preferred Nat Bk of Oom'erce. Wilm Sav & Ti Oo Wilson— 20,419, 1,572, 15,461, 1,197, 100.000 Oklahoma Nat Bank. Tradesmen's Nat Bk First Nat Bk & Tr Oo Raleigh— Wilmington People's Sav Bk & Tr 6,300, 56.149, 6,620, 339,739 4,107,124 308,552 1,083,671 46,984 448,953 20,642 590,000 Fidelity Nat BankLiberty Nat Bank.. el,200,000 Tulsa— Security Nat Bank— First Citizens Bk&Tr 300.000 First Nat Bk & Tr Oo 80 21K "46" '45" 25 400,000 Oklahoma CityCity Nat'l Bk&Tr Oo 100 25 100.000 Commercial Nat Bk. First Nat Bk & Tr Co 6,994,785 104,827 4,707.700 2,700.000 13,256,983 800.000 17,318 25.000 64,433,955 e Nat Bank of Tulsa— e 180,173 749,027 150,000 300.000 3,222,613 7,223,494 25 30 35 10 30 35 Common Preferred West Tulsa State Bk 364,948 Branch Bkg & Tr Co Common Preferred Nat Bk of Wilson Winston-Salem— First National Bank. Wachovia Bk &Tr_. [100 |1,428.258 22,722,535 100.000 / 235,253 2,636,559 200,000 141,234 4,523,566 3,339,116 101,120,503 250 25 10 400,000 100,000 1160 275 (7160 b Member of the BancOhio Corp. e Common and preferred stock or /Oct. 2, e4.275.000 100 1939. i Controlled 145 147 n by t Toledo banks on a price range basis. debentures outstanding. Retirement price, h In liquidation. Marine Midland Corp. k March 29, 1939. 0 Member First Bank Stock Corp. s Branch of Smithfield, N. O, Feb., 1940] National Banks Dec. 30 OREGON Institutions 30 State Nittonaimnu Dec. Eugene— $ 200,000 3,000,000 300,000 4,500,000 Portland Tr A Sav Bk United States Nat Bk 100 160 55 20 38 60 40 Nat Bank of America Common Preferred 141,625 I 100,000 200.000 700,000 Merchants Nat'l Bk. Second Nat share Per 1.000,000 1.000,000 450.000 500.000 Bank.. Lehigh Vail Trust Oo 1,963,453 2,159,636 1,371,668 933,433 14,342,549 9,562,387 5,920,709 7,866,954 155 100 25 140 10 20 23 100 90 105 41* 38 Altoona— First Nat Bank— Common 150,000 290.000 6,844,348 1100 U00 250,000 263,390 249,300 480,381 4,614,237 290,917 3,073,857 200,000 ,160.000 50.000 ,273,000 300,000 157,278 832,655 42,919 387,381 312,813 1,282,587 15,325,447 716,814 7,803,825 4,300,227 300,000 729,100 330,692 14,900,163 I 200.000 Preferred Altoona Trust oo— Common. Preferred Central Trust Co 328,327 101,791 1,698,937 100 105 12 14 98" loo" Colonial Trust Co... d3,672,900 Oom'wealth Trust Oo 1.500.000 Dormont<8 a t Oo. 125,000 Farmers Deposit Tr. cl,320.000 Fidelity Trust Co 2.000.000 Manchester Savings _ Preferred Union Bank "(The).. 10 100 10 100 100 66*3 15 Dauphin Dep Tr Co. Harrlsburg Trust Co 154,154 464,384 836,523 924,923 33,297 1,404,699 400.000 1,453,393 Market St Trust Co. 225,000 76,199 Citizens Trust Co Lancaster— Cones toga Nat Bk.. 400,000 600,000 600,000 Fulton Nat Bank Lancaster Oo Nat Bk Farmers' BkATr Oo Common Preferred Northern Bk a Tr Oo 10 4 10 25 80 - - - - - 14 Providence 41 10 68 50 15* • . « - 160 20 50 148 z102 7,044,737 10 10 I 5 229,715 Northw'n Nat bk— Common 302,500 1 197,500 Preferred 10 .154,862 264,818 500.000 Preferred 650.000 South Phila Nat BkOommon Tradesmen'sn ational Bank a Trust Co. Wyoming Bk a Tr_. Broad Street Trust.. Chestnut Hill t a Tr Citizens & So b a Tr 635,767 } d German town Tr Oo. Girard Trust Co Industrial Trust Co Integrity Trust co— 60 995,973 2,000,000 3.000.000 2d preferred Land Title Bk a TOo Common 150,391 87,476 357 "26" "28" 326 316 10 52* r 10 4* i io 54* r 25 3,266,239 , 2,355,000 50 8,061,062 67 70 13 15 a25 25 20 108" 110 25 25 . 11.382.646 7,074,705 20.534.647 13,719,394 7,950,585 100 37& 50 100 100 100 10 10 8 8,400,000 16,945,32,7 276,000,539 750,000 1,183,281 662,462 3,200,000 12,783,686 55,692,606 1.500,000 2,504,640 10,766,481 300.000 336,708 3,889,090 125,000 g 40,584 997,993 Security Bk a Tr Co. Sonsitaly Bk a Tr Co 25 Arsenal Bank Bank of Ohio Valley. Braddock Nat Bank. Dollar Savings Bank Farmers Deposit Nat First National Bank. First Nat Bank a Tr Co of East Pitts.. Forbes National Bk. Fourteenth St Bank. Freehold Bank Hazelwood Bk (The) Hill Top Bank Homewood Bank 231,183 3,288,083 262,567 1,497,872 103,091 788,191 938,246 11,222,077 5,412,435 55,684,263 6,000,000 11,199,870 107,334,400 6.000.000 7,098,380 113,369,195 300,000 i 500,000 282,750 200,000 200,000 200,000 441,241 564,309 465,368 900,000 178,864 467,508 5,836,272 9,066,981 3,282,165 819,857 1,452,120 2,459,164 122 14 5 50 Pittsburgh 100.000 200.0001 86,092 376,702 4,507,433 1,725,766 1 1 1 t 1 1 • 1 1 • Bank Williamsport n Bk_. West Branch Bk a Tr YorkCent Nat Bk a Tr Co Common 10 6205" 75 * 100 4,904,331 16,964,816 3,087,398 25 25 25 188,020 1,990,853 25 25 1,326,314 138,210 6,068,090 2,563,858 9,804,186 1,394,390 23,936,848 15,330,854 4,339,001 7,735,129 100 120 40 45 130 50 50 100 81 200 210 25 17 18 50 50 55 10 20 275h 10 19 6.05 * 5 7.50 10 * 11.50 10 *17.30 25 28 25* 24* 18 63 26 68 21 50 15 23 10 36 75 ' 750.000 310,090 683,539 250,000 250.000 225.000 York Co Nat Bank.. York n Bk a Tr Oo. Guardian Trust Co.. vfio.ftoo Eastern Nat BankFirst National Bank. Indus nb West yk. Western Nat Bank.. Dec. "4l" 45 42 44 57 60 1* 84 234,426 375,166 408,630 206,299 2,509,426 367,875 ■ 2,576,608 3,359,219 764,892 8,328,896 1,691,841 5,547,422 6,746,012 5,273,031 4,414,406 8,253,258 5,132,358 5,624,354 f 10 1,359,604 6% 7* 5 i 32,775 665,377 208,201 518,647 933,238 552,693 788,146 10 30 20 10 100 10 10 100 20 25 25 10 IF 15 lis 70 16 17 193 55* 57* 35 * 37 55 17 53* 30 39 17* 3 "4l~~ 1!" 4 3* 3* 10 "33" 50 30 50 24 10 3 4 100 533 543 60 88 100 60 10 50 RHODE ISLAND V<£!'so Nomi nal. Per share. lquidneck Nat Bank Common Preferred 8 12 145 59 10 100 1 33 768,134 959,927 567,636 400.000 1,000,000 250.000 250,000 190,000 150.000 100,000 500.000 125,000 225.000 300,000 500.000 500.000 Preferred Drov a Mech n Bk. 17 "248" 255" 10 { • 30 50 Newport— 127 6* 10 10 26 32* Newport Nat Bank.. Newport Trust Co.. Providence— Blackstone Can NatColumbus Nat Bank: Common Preferred High St Bk A Tr Oo 33 500.000 109.250 1 90,750 120,000 344,873 6,275,673 73,553 474,189 510,497 3,052,953 60 100 150 1,166,543 5,171,156 25 79 91,448 2,155,615 (io 232,979 1,723,557 J25 32 125 a25 81 11 alO 110 50 120 Mechanics Nat Bank Preferred NatBank of OomATr Phenlx Nat Bank Providence Nat Bank Industrial Trust Co. Lincoln Trust Oo Rhode I Hos Nat Bk. Rhode laid Hos TrOo Onion Trust Co.. Woonsocket— Woonsocket Trust Co d 38 296 27 400,000 1 185,000 120,000 300.000 302 350.000 1 221,579 5,126,418 / 25 150.000 \25 850.000 850,393 50 9,261,639 450.000 50 913,023 4,112,093 1.500.000 2,463,474 100 14,551,253 4.000,000 10,373,032 121,084,544 100 125.000 200,082 25 2,043,275 2.500.000 3,049,762 57,904,017 *100 5,000,000 12,018,295 42,189,469 1000 1.000.000 1,387,195 24,551,872 100 442,500 287,285 3,502,623 15 20 "70" "75" 130 120 295 305 190 180 34 2250" 2350 135 1100 100 33* 4* muonaimnX, 28 SOUTH DAKOTA5"'"';/"3'"!)"'"''' 5* Nomi nal. 50 60 2 100 100 40 % 175 Northw'tSecurNatBk d Union Savings Bank. * 100 175 100 25 95 5 50 10 50 65 50 100 20 105 185 5 50 Preferred 385.000 250,000 800.000 150,000 g 241,365 222,686 208,577 52,003 100 6,013,594 3,661,352 plOO 11,227,898 flOO 1,350,864 100 N share. 0 re cent sa les Sale price. « 175" 100 Per First Nat'l Bk A Tr. d Nat Bk of So Dak—- 25 10 at Iron a Glass Dol Sav 1 100 100 80 100 5900 100 102 10 5 Sioux Falls- 200,000 100.000 200,000 500.000 * WilUamiport— First National 10 Pittsburgh— Allegheny Valley Bk. ■ "82" ..... on Lives a Grant Ann Penn w'h'gASDOo Provident Trust Real Est Tr Co.. 100 50 Hanover National Bk d 200,000 Miners Nat Bank 2.500.000 Second Nat Bank... 1,000,000 w-b Dep a Sav Bk. 500.000 Wyoming Nat Bank. 500.000 "4* 34,978,595 32,772,871 93 Wilkes-Barre— First National Bank National Bai 3,964,739 i 20 i 30 2,738,230 1 59 10 110 3,750,000 [5,971,207 7,275,000 Liberty Title a Tr Oo 1,000,000 1,248,438 Mitten Bk a Tr Co 1,500,000 631,335 Ninth Bank a Tr Co d2.210,000 591,087 Northern Trust Co.. 500,000 3,205,071 Nor Phila Trust Oo. 500,000 1,372,520 75 88 2,737,769 fork Trust Co 5* ..... 10 50 1 COl Oil 194,728 I 150,000 180.375 Common.. <71,164,331 Preferred Penn Oo for Insur 39 352 100 2,327,892 4,190,297 Common 45* 100 2,312,409 3,300,000 5,108,867 50,814 ,128 d 300,000 113,396 3,134 ,056 400.000 498,441 2,139 ,155 250,000 110,875 1,651 ,159 125,000 Q 17,157 597 ,164 6.700.000 15,414,533 129,072 ,640 2,320,000 8,974,423 1,683 ,691 6uu,u0u 1,677,305 11,786 ,969 1,400,000 2,309,361 22,268 ,077 4,000.000 10,392,841 122,616 ,202 dl,132,250 948,718 11,824 ,975 Common 1st preferred 44* 100 . Fidelity-Phila Tr Oo Finance Oo of Pa Frankford Trust Co. 21 50 COl Ol 1 50 Penna Trust oo— 10 200,000 I 85,000 400.336 Preferred Tioga Nat Bk a TrOo 121,967 e 35* 20 20 Philadelphia Nat Bk 14,000,000 28,290,771 564,345,441 Roosevelt Bank..... d Second Nat Bank— Common 34* 50 9,825,962 125,160,910 4,998,469 95,867,796 2,994,403 10,245,749 38,486,674 15,146,413 1 50 75,000 Preferred 10 4,550.000 * 1,355,282 62,238,242 1,600,081 3,242,754 952,360 200.000 South Side Bk a Tr. Third Nat bat CoWest Side Bank 115 1,868,348 Bank... d Common Preferred - 16 20 Erie National Bank. d 450.000 137,807 First National Bank. r3.111,000 6,634,026 Qlmbel Bros Bk a Tr 200,000 g 90,197 Kensington Nat Bk. dl,129,766 341,889 Market St Nat Bk.. 1,000,000 4,576,826 NatBkofGer ATr Co 400.000 2,216,810 Nat'l Bk of Olney— Common 105.000 93,844 Preferred 95,000 North Broad Nat'l Bk 250,000 231,491 Northeast Nat Bank 200,000 1 30 208,585 5,907,504 158,350 300,000 l 326,680 300.000 55,895 200,000 4,950.000 200,000 Scranton Nat bk— Philadelphia— Corn Exch Nat Bank a Trust Oo "120" 8,073,240 22,208,078 4,358,353 19,112,395 300.000 Green Ridge Bank.. North Scrant Bk a Tr 9 25 65,880,014 10,117,292 100 100 50 100 100 100 " 1 688,879 1,493,089 494,323 2,328,081 1,800,000 68 37 10,971,704 11,487,540 9,040,352 7,201,308 322,536 1,090.000 1.170.300 50 50 244,503 Oentral-Penn Nat Bk 3,040,000 City National Bank- dl,100,700 50 25 e Scranton State Bk First National Bank- 7 14 12* 483,268 I . 76 32 5 85 Berks Co Trust Co.: 942,441 1,137,179 752,218 300,000 88,820 300,000 50 50 City Bank ATr CoReading Trust Co.. 8oranton— a 50 50 3,029,508 5,154,449 7,096,251 5,039,915 1,156,504 15,275,805 12,605,501 1,299,021 a25 — 20 Reading— National Bank 50 396,510 300,000 300.000 400,000 125,000 400,000 _ Harris burg Nat Bank Central Trust Oo 400,748 - 15 73 25 50 Oo Union 50 Harriaburg— Allison-East End Tr Capital Bk a Tr Go. 250,000 27 20 m. 2,666,205 Security-Peoples TrOommon 25 40 1,827,979 12,397,003 1,098,525 1,342,549 39,342,337 36,428,939 4,061,185 5,932,359 31,302,043 20,985,993 2,726,815 202,273 29,141,777 6.000,000 11,661,213 104,250,378 Potter Title a Tr Oo d 875,000 410,819 8,010,704 Provident Trust Co. 150.000 255,473 2,320,358 South Hills Trust Co 125.000 393,692 1,836,752 Union Trust Oo 1.500.000 98,352,199 277,159,158 Washington Tr Co 500.000 1,372,659 6,531,678 West End Bank 200.000 191.698 1,916,025 William Ponn Tr Oo. d 175.000 120,000 2,172,000 Worklngman's Savgs Bank a Trust Oo. 400,000 1,266,413 10,045,124 Tr ErieBank of Erie First National Bank. Lawrence Park n Bk Marine Nat Bank.. Nat Bk & Trust Oo. a50 People's-Plttsburgh f 10 i 700,000 Bank a Trust Oo. 1,986,308 f share. 50 25 200.000 50,000 Allegheny Trust Co. 68,639 171,721 748,452 124,227 170,536 4,151,283 5,896,755 478,752 920.697 2,081,775 2,594,363 128,853 (71,181,269 11,165,013 Sheraden Bank Union National Bank 2.000.000 Union Savings Bank. 1.000.000 Western sad Bank d 492,500 Nomi nal. Allentown— Ask Per 300,000 I 299,009 4,811,309 / 50 75,000 \ 50 7,500,000 19,018,680 361,713,665 100 Nor Side Deposit Bk Pitt National Bank. Pollthanla State Bk. Allentown Nat Bank Bid Par Nomi nal. Preferred Mellon Nat Bank 170 100 6,119,704 113,124,642 481,664 4,995,812 6,286,565 133,190,344 Deposits (Concluded.) Keystone Nat bk— 100 8,443,416 Cross Profits Pittsburgh Common Portland— First National Bank- PENNSYLVANIA stVTns Capital share. Per S. $ 440,539 109 Surplus & Ask Bid Par Deposits Nomi nal. First National Bank- COMPANIES Cross Surplus & Profits Capital TRUST AND BANKS stock retirement price, b A mutual savings bank. c In process of liquidation. a Common and preferred stock or debentures outstanding. e Dec. 31.1938. / Member of Northwest Bancorporation. g Oct. 2, 1939. k Stock all owned by Rhode Island Hospital Trust Co. I Lasi sale. o New stock, p Affiliate of the First Bank Stock Corp. r On Jan. 13, 1940 the savings, Christmas club and tax accounts of the Integrity Trust Co. of Philadelphia, Pa., were taken over by the Western Savings Fund Society of that city and the remainder of the deposit liabilities were assumed by the First National Bank, also of Philadelphia, Pa. AND BANKS no TRUST COMPANIES National Banks mTec!so"*' SOUTH CAROLINAsta" ggy" Surplus & Profits Capital Gross Par Deposits 714,090 303,831 44,193 s 700,000 Carolina Sav Bank.. 200,000 d 50.000 Miners A Merch Bk. South Caro Nat Bk— 40,852,988 Per 17K 100 125 105 120 13H /100 UH 165.210 268,534 6,084,025 1,537,226 250,000 200,000 592,131 567,162 7,151,309 5,120,091 20 59 62 10 30 32^ 200,000 74,796 3,227,999 20 Columbia— Lower Main St Bank Qreenvllle— First National Bank. Peoples Nat Bank— Spartanburg— Com'l Nat Bank 350,000 1 Common.... 100 National Bank ofFort Sam Houston TENNESSEE 100 86,225 88,890 1,899,321 3,915,888 100 300.000 397,844 4,505,715 BankNational City Bank. Flrst National 337,424 532,699 95,703 9,157,946 11,086,820 1,057,858 Uommercial Nat Bk: 100.000 100 250 275 1,616,528 67,552 138,038 1,647,055 649,748 1,464,352 100 3,227,187 6.25 26,002,375 100 10 14,276,551 506,984 Knoxvllle— Bank of Knoxville— Uomm'l Bk & Tr Oo. < HamtltonNationalBk < Park National Bank. 900,000 1.000,000 Memphis— 100 190 50 84 200 90 80 100 Institutions State UTAH 30 Dec. Per Ogden— 50.000 200,000 275.000 50 Nomi nal. 30 <2,500,000 375,000 1 Preferred Hamilton Nat Bank. 11,557,248 mm mmm 25 165 10,619,030 (100 150 1100 47,417,837 100 "l50"" 165"" Common 185 100 State Institutions Dec. 102 elOO 250 100 t 250,000 500.000 Oltlsens' Nat Bank.. Nomi nal. Per share. 1,205,648 750.000 "266"" 26,071,958 Waco— Chattanooga— Tr & Bkg Oo_. 96 5,975,304 flOO 400,000 Common 25 $ .. 127,891 100.000 Bk < South Texas Nat BkSan Antonio Nat 10 Nomi nal., Per share 1,258,519 National Banks Dec. 30 National Banks Dec. 30 Ask Bid Par 1100 110,000 <1.000,000 Preferred jl,128,532 1100 $ San Antonio (Con cl.) % Groos Nat Bank— Nat Bank ol Oomm. 200.000 35,000 _ First Nat Bk of Ooi. Amer share. 16^ 1,100.000 1,100,000 Common Preferred % 20,686,433 (7100 100 6,377,030 487,336 100 Gross Deposits Ask Nomi nal. $ $ Charleston— Oltiz. A Sou Nat'l Bk g Surplus & Profits Capital Bid State Institutions Dec. 30 TEXAS 30 Dec. 160 175 9H 245 10 250 First National Bank. Nat Bk of Commerce 1,200,000 1,000,000 58,983,732 38,858,767 1,404,268 300 295 305 100 210 3.500.000 5,199,675 77,957,817 10 30 7,343,239 19,966,598 100 < i 900.000 516,408 13,516,397 3,100,000 5,192,549 1,028,606 824,082 1,189,565 269,217 71,243,588 18,230,772 16,221,502 14,677,727 3,319,768 < < 750.000 750,000 1,000,000 300.000 1.500,000 200,000 J 878,137 n hare. 100 30,986,059 100 68 10 h 100 75 21 200 225 22 175 190 130 100 100 J100 200 125 100 135 31 182^ 140 230 Bank & Trust Co. Nashville- 171,367 1,471,184 500.000 950.000 Capital notes 310 100 Bank. Union Planters' Nat 1 2,258,810 2,270,363 93,637 100 50,000 < Common 15 14H Dommerclal Sec Bk. First Security Bk NA Salt Lake City— CintlNat m&Tr Co First Security Corp. of Ogden first National Bank Utah State Nat Bank Sion's Sav 8k & TrUtah Sav A; Trust Co Walker Bk A Tr Co: State Savings National Banks Common Preferred Broadway Nat Bank Commerce-Union Bk Nashville Trust Co— 500.000 1 Common Preferred— Third National Bank 1,133.300 1.000,000 785,933 1,570,300 61,438,222 15** 21 (100 10 TEXAS 105 110 245 255 istln Nat Bank— 300.000 541,400 842,353 570.750 I Bank— Capital stock Preferred stock— 163,818 400,000 400,000 200,000 642,696 927,051 62,372 16,471 2,549,765 100 150,000 172,800 100,000 614.951 214,032 111,258 224,290 3,015,487 f 100 UOO 20 2,293,741 100 1,284,765 150,000 100.000 295,166 147,071 2,814,229 1,098,866 100 N 100,000 137,828 sa 125,000 207.500 166,921 3,044,687 (100 UOO 2,158,394 100 <1.085.061 Preferred 491.500 600.000 150.000 ... ... Montpelier Nat Bank 30 100 Montp'r SB&Tr Co Rutland— OlementNat Bank— 100 < Bank Killington Nat Common — Preferred 3,974,174 J100 Uoo *100 Rutland Trust Co— 75 100 100 N o 40 re cent 100 sa les 100 25 30 10 o re cent Bk: Rutland Oe Nat inltal Nat 125.000 75.000 407.500 share. 100 < _ State Institutions 14,001,420 18,473,363 6,807,062 6,568,229 888,134 3,336,932 204.600 Montpelier— < Capital S B A Tr Co First National Bank: Nomina I.. Per share Austin— nerican Nat Bank, 678,649 516,427 82,362 449,528 200.000 Jhlttenden Co Trust (6) 10,207,543 J100 \100 28,498,154 100 Dec. 100 100 9o wardN atBKATrOo Merchants Nat Bank Burlington Trust Co. Common National Banks Dec. 30 3,861,464 2,816,229 2,028,280 Burlington— 20 5,483,209 21,978,018 592,979 293,606 171,195 110.000 Tr Co People's Nat Bank.. Jnarry S Bk 3c Tr Co 16 19 / 10 30 Per _ _ iranite S B A 3.000.000 11,573,472 3,250.000 522,427 300.000 958,238 1.000.000 Dec. Nomi nal. Barre— Bank American Nat State Institutions VERMONT 30 Dec. < les Beaumont— Bank, nerican Nat rst cur National Bank, St Bk A; Trust I 12,456,979 13,852,862 2,426,668 N 100 National Banks Dec. 30 rec ent 100 100 sa State VIRGINIA Institutions Dec. 30 les Nominal. Dallas— Bank— 1.000.000 hank, 5.000,000 Bank, berty State Bank— ercantile Nat Bk— 50.000 illas Nat rst National llcrest State Common....—>- Preferred ipubllcNat Bank.. 250,000 1,200.000 800.000 4,000,000 Bank of Comra¬ 1,269,308 4,451,384 150.000 de Cliff Bk & Tr Co. 940,205 26,158,216 7,122,602 128,981,420 63,960 2,088,069 228,848 7,287,459 200,000 &t jxas 400,803 99,688 20 44 x 46 48 20 20 37,926,065 I 20 U00 20 89,215.857 100 7,066,040 20 2,643,489 First National Bank. ""49"" ~52" 42 43 1 1 "bin _ "42 Bank & Tr Co: Common. 125,000 50,000 ....... Capital notes.. | 102,573 2.769,308 32K ^ 20 35 easo 585,268 1,600,048 13,100,454 24,309,612 100 750,000 d 506,419 1.500,000 1,115,205 17,803,844 40,819,388 60 1,500,000 ,2,791,958 500,000 15,420 : 9,532 i 215,000 79,709 50,909,835 20 390,249 1,236,776 100 300,000 300.000 Nat Bank.. ate National Bank Fort Worth— mtinental Nat Bk. rst National Bank i Worth Nat Bank: Common Preferred 'aternal Bk & i'r Co nlon Bank & Tr Co Galveston— National Bank. National Bank. utchlngs-Sealy 200,000 200,000 National Bank 750,000 500,000 Ity rst 8 .. National Bank- 453,428 404,835 445,844 859,921 *500 100 70 n 72 44 20 47 46 48 20 100 10,806,395 12,261,592 Ilo" 100 i§6"" 100 5,055,97J. Bank. o cent sa les 50 250,000 Common Preferred — -— rst Nat BankCommon.- — Preferred.. — Nat Bk— o 307,672 7,331,656 100 190 600,000 1 100.000 i National Bank: ity 467,431 18,942,840 20 47 3.000.000 1,500,000 Y ,953,448 50 20 60,348,516 flOO Oom'l Tr & Savs Bk: Lynchburg Tr A; 8 B. 100 600,000 500,000 469,208 383,195 4,727,450 4,430,447 60 1130 100 1155 122,000 300,000 87,865 94,038 468,998 253,218 622,776 3,199,613 100 250,000 2,500,000 1,500.000 150.000 485,614 956,664 1,080,215 131,630 3,835.731 36,357,329 18,961,487 2,315,229 100 240 100 25 120 122 ^ 37 H 10 14 H if* 200,000 276,000 179,640 95,641 2,717,397 2,847,692 10 10 10^ 10 10 490,000 250.000 440,000 224,559 83,437 6,083,717 1,213,038 2,925,936 600,000 1,000,000 1,053,854 1,213,240 < 100.000 • Norfolk— Merch & Planters Bk Nat Bk of Commerce PetersburgCitizens Nat Bank. Petersb Sav A AmTr < < Trust Oo__ Merch A Farmers Bk < 207,418 1160 5 if* 5 Portsmouth— American Nat Bank. Oltlsens 190 «I6o" U00 Bank of Oomm A Tr Central National Bk. C01180I Bk & Tr Co— First A Mer Nat Bk. N re Houston— Itlsens State 8,494,282 1355 Mech A Mer Bank.. State-Plant 80.000 k 3.000,000 200,000 66,095 3,659,959 130,000 N o re cent 100 sa les 50 20 40 42^ 20 12,399,307 23,030,356 802,526 79,277,217 2,382,000 35 37 10 3H 1,250,000 11,363,550 1.600,000 Preferred— 405,096 200,000 Sav Bank A Tr Co.. 262,836 200,000 Southern Bk & Tr Co 882,363 900,000 Virginia Trust Co... < Roanoke— 419,291 500,000 Oolonlal-Amer Nat B 1.000,000 1,736,235 First Nat Exch Bank 800.000 382,367 Mountain Trust Bk. "52"" 20 50 20 28 30 56,848,439 flJ'a 18 19 Bk&Tr: Common.. 250 100 Riohmond— 10 15,640,465 490,606 Bank People's Nat Bank.. Deposltors Industrial share. 1.000.000 Seaboard Oltz N Bk. Southn Bk of Norfolk El Paso— . Lynchburg Nat & Trust Co Loan Bank no ICO 215 40 Per Lynchburg— 49 100 1100 "76"" "85"" 3.659,503 5,073,537 5.949.891 25 5,987,387 28,726,233 5,433,703 50 75 100 235 100 05 15 30 27 50 77 85 ouston Common Preferred icond Nat'l at Bank. Bank of Oomm National Bank oion National Bank ate 632,500 1 289,074 367.500 1,000,000 1,862,008 <2,500,000 4,447,289 i 800,000 483,452| 1,000.000 1,450,000 Com¬ Bank^ 1,500.000 2,125,000 200,000 k 232,219 dellty Trust Co—. 600.000 979,546 nardlan Trust Co— <1,400,000 506,011 ouston Land & Trm Jacinto Nat Bk- mth Texas mercial Nat Common 356.000 294,000 — Preferred — Port Arthur— 95 105 100 170 235 245"" 50,292,894 91,310 8,561,918 5,838,915 100 310 325 100 100 ISO" 160"" 100 80 85 8,475,031 flOO 95 100 100 100,000 200,000 Common. 500,000 851.000 erchants Mational Bank Dec. 555,051 341,394 \100 WASHINGTON Nomi nal. SeattleSeattle—First Nat Bk Nat Bk of Commerce Pacific Nat Bank... Peoples N B of Wash. Sumltemo B of Seattle University Nat Bank Seattle Tr A Savs Bk Per a 625 40 20 8,000,000 6,880,779 172,395.922 2,500,000 3.869,716 84,669,845 f 25 2.600,000 1,571,996 25,983,498 100 20 1,500,000(1 836,176 29,343,549 100 200,000 d 124,919 2,160,331 20 400.000 207,709 5,758.643 50 550,000 d 548,483 8,158,171 tmock of South Texas National Bank 100 100 6,158,197 4,279,917 30 375 share. 41 J* 175 180 32 36 16 64 70 r of San Antonio, Texas, all held Central Securities Co. with exception of directors' qualifying shares. a Member of First National Corp. 6 Member of First Security Corp. c Sept. 28, 1938. 2, 1939. e Preferred stock retirement price. /Member of Marine Bancorporation. a Affiliated with the Citizens* & Southern National Bank of Atlanta, Ga. h Represents quotation for First Security Corp. of Odgen, Utah, class A d Oct. } 734,086 18,620,834 1100 160 1100 Bank- erred----— National Banks 305"" 100 &298 360 100 by National Bank. Nat'l Bk. San Antonio— iamo National Bk: rst Do Nat j 126,358 14,536,592 [100 1125 32,738,925 55,795,157 10,657,023 34,227,048 stock* 200,000 I 141,409 85.000 1.200,000 1,368,937 I 3,076,586 f 50 42 I 60 37,948,237 100 205" 50 «50 230 < Common and preferred stock n Price after giving effect to 33 outstanding. k March 29, 1939. 1-3% stock dividend paid on Jan. 9, 1940. Controlled by the Joseph F. Meyer interests, r Member Peoples Corp s Charter issued Jan. 20, 1940, to the Citizens & Southern National Bank of South Carolina, Charleston, S. O., representing a conversion of the Citizens & Southern Bank of South Carolina, Charleston, S. O. o t Reserves. ' Feb., 1940] BANKS National Banks Dec. AND TRUST WASHINGTON 30 National Batiks Dec. 111 Stale WISCONSIN 30 Institutions Dec. 30 Gross Surplus & Profits Deposits S Capital COMPANIES $ Par Gross Surplus & Profits Ask Bid Capital Par Deposits Bid Ask Nomi nal. Spokane— First Nat Bk in Spok Old N B&UnTCo. $ 500.000 a Common 160,616 750.000 750,000 200.000 835,448 Nat Bank of Wash.. al .400,000 991,674 271,601 Washington Trust Oo 740,000 a 45 share. 50 1.10 11.00 24,854,460 /100 100 mm mm 9,041,273 100 rnmmmmm 22,107,898 7,654,511 100 T a co ma— Puget Sound Nat Bk 100 6,587,914 ) 687,632 Preferred Per Milwaukee (Conch ) TeutoniaAveStateBk a West Side Bank Wisconsin State Bk. First Wise Trust Oo. $ 200,000 400,000 300,000 % 81,981 877,822 347,696 766,515 1.000.000 mmmmm $ 2,556,939 5,145,457 5,054,973 8,703,192 20 100 6,408,811 8,969,201 Per 7 152 NaTflmn" 18 Nomt nal. Charleston— Per 1.062.600 11,631,791 21,763,067 I 25 450,000 KanawhaBkg&Tr Co 38 WYOMING Per American Nat Bank. Stock Growers N Bk. 250.000 330,719 299,284 300.000 share. 100 share. . 40 600.000 Kanawha Valley Bk. Nat Bank of Comm. Centra) Trust Co 9 200 34 Cheyenne- Charleston Nat Bk: Common Preferred share. 100 20 100 140 125 17 25 Nomi nal. 1.000.000 200,000 439,611 1,366,191 130,611 297,030 600.000 5,784,134 20,494,186 3,711,509 ; 442,490 100 100 Canadian Bank Statements o 100 cent 168 ■ Returns 100 are all of Nov. 30,1939. Prices are per cent, not per share. Huntington— First Hunt g Nat Bk Twentieth St Bank- 1,000.000 1,188,087 55,915 al22,000 20 21 50 16,658,500 12)4 50 1,111,376 65 Wheeling— Center Wheeling 8av Half Dollar Trust Ac Sav Bank Nat Bank of W Va._ a 160,000 68,289 1,162,775 a 439,605 600,000 600.000 100,000 300.000 122,202 723,442 670,130 119,726 813,192 2,050,772 5,517,665 5,391,591 1,137,636 5,463,268 1.800.000 3,029,450 21,278,447 Nat Exchange Bank. i Bo Side Bk A Tr Co. Security Trust Co.. 100 25 20 100 124 100 300 100 25 112 100 100 160 130" National banks Dec. Dec. Bid Ask Per 100 cent. 308 169 30 Toronto— Nom inal. La Crosse— Per Batavlan Nat Bank. Par State Institutions WISCONSIN 30 Deposits Halifax$ $ Bank of Nova Scotia 12,000.000 24,000,000 272,467,332 Wheeling Dollar Savs & Trust Co Gross Surplus <fe Profits Capital 100 share 600.000 175.000 400.000 100.000 302,310 78,311 294,629 174,598 5,061,572 1,218,689 100 6,311,344 elOO 3,047,107 100 22 Amer State Bank 200.000 157,982 25 162,489 100 55 cent. *254 170 (172 203 )£ ,210 208 ' 28 309.900 3,146,775 4,202,267 20 City Bank & Tr Co.. Per , Bank of Toronto / 6.000.000 9,000,000 135,313,263 Can Bank of Comm. 30,000,000 20,000,000 599,965,083 Dominion Bank 7,000,000 7,000,000 128,503,861 60 Exchange State Bank Nat Bk of La Crosse_ State Bk of La Crosse 20 24 N Imperial Bank of Can 0 7.000.000 8,000,000 144,352,255 re cent sa les Milwaukee— First Wise Nat'i Bk— Common 7,500.000 16,737,671 237,887,615 Preferred 7.500,000 Home Savings Bank. o350.000 180,508 2,926,506 Kilbourn State Bk.. a 150.000 60,299 1,895,129 Montreal— .... 20 16 18 20 Lincoln State Bank: Common 50,000 1 60,426 225,000 2,200,000 2,615,198 Marshall & llsiey Bk a2,940,000 1,953,103 Mitchell St State Bk. a 596,000 18,654 Northern Bank a 200,000 92,610 Park Savings Bank. a 539,500 d 84,232 State Bank of Mllw. a 550,000 60,635 1,554,120 100 Income debentures 100 38,211,422 49,741,456 2,639,648 3,505,476 1,878,531 2,466,174 . 160 turbed in January, ous months the severe London as Eastern 44 20 21 23 Common and preferred stock'debentures d Oct. 2, 1939. 100 20 30 s restrictions placed on for 31. silver 20 4 6 t All stock held by Old National Corp. i Member First National continued Jan. on 1 and The 21%d. The Hongkong dollar was 24.62@24.68 on Jan. 1, and 24.74@24.83 on Jan. 31. The Shanghai dollar was 7.62@7.78 on Jan. 1, and 7.67@7.80 on Jan. 31. Yen checks 23.44@23.47 were Jan. on 1, and 23.44@23.83 Jan. 31. tOtOMWbOMtOtOMMMHMMMMMHM I I I I I I I I I I I I I I I I t I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I t I I I I I I I I I I I I » X o ft I I I & XX fi ft o » o XX n XX ft ft ft ft ft ft wwwwww © © © © © © © © 03 -J XX XXX www wwwwww wwwwww CO CO CO © CO © © © © 00 00 00 -q © 05 xxxxxx xxxxxx ft ft ft ft ft ft wwwwww CO o o I I • 05 Cn X Jan. Jan. Jan. Jan. 7 Jan. 8 Jan. 9. I I I I £ co co co co co b CO 00 CO 00-J OS £ xxxxx o ft a a n o wwwwww co co C5 OS b b b b C> -J xxxxxx wwwwww ft ft ft ft ft ft wwwwww co bb b b b •-4 Ci Cn Oi 2.23 54 fl2.24)4 18 19 a2.2534 22.3734a22.43 2.23)4a2.2454 23.41a22.43 Jan. 21 Jan. 22 sunday ,42 Ha.43 )4 3.6254 a3.68 ,42a22.43)4 3.62 a3.70 ,42a22.4354 3.6354a3.71 ,42a22.4354 3.62 54 a3.71 Jan. 26 a2.26)4 2.25 34 a2.26)4 22.41 )4a22.43 2.25 54 a2.26)4 22.41 )4a22.43 2.25Ha2.26 2.25 54 a2.26)4 22.41)4a.42)4 2.25)$a2.26 ,42a22.43 3.6254a3.71 2.2554 a2.26 ,42a22.43 3.64 42a22.44 3.6254a3.72 ,42a22.43 3.62 54 a3.73 Jan. 25 3 o 2.26 a2.2634 22.41 )4a. 42 )4 Jan. 28 Cj ft Jan. 29 ft ft ft ft WWWWW CO co CO © CO 2.25 Jan. 27 wwwww xxxxx 2.24)4 a2.2454 2.24)4a2.24)4 22.42a22.43 2.24)4a2.25)4 2.24 54 a2.25 34 22.41)4a22.43 Jan. 24 XX 42)4a.43)4 3.6354 a3.68 38a22.43 54 3.6454a3.68 41)4a.43)4 3.6354a3.68 42a22.43)4 3.6254a3.68 42a22.4354 3.62 54 a3.68 ,42a22.4354 3.6254 a3.68 2.24 2.2354a2.25 a2.25)4 22.41)4a22.43 2.24 22.41 )4a22.43 02.2454 2.24)4a2.25 2.24)4a2.2454 2.24)4a2.25 22.41)4a22.43 Jan. 23 © © ©CO © ^ 17 Jan. 20 I CO ^ Cn 2.24 54 a2.25)4 2.25 'Jan. ft ft ft ft wwwww © ©CO CO © co h* to ^ cn xxxxxx 2.24)$a2.25)$ 2.2454a2.2554 22.42a22.43 16 Jan. ft Jan. 30 $5? Jan. 31 Or Cn 2.25)$a2.26)$ 2.25 54a2.26 54 22.41J4a22.43 2.26)4 a2.26)4 2.26)4a2.2654 22.41 )4 a.42 )4 2.26 a2.26)4 2.26)4a2.26)4 22.41)4a22.43 ,42a22.4354 3.62 54a3.71 co co co oooooo wwwwww wwwwww co co co co co b »4 ^4 -si os Cn Cnrf^Cnrf^CnOJ bbbbbb Germany wwwwww bbbbbb Belgium Reichsmark www Belga XXXX X XX XX Cn ^ xx W W XXX Hungary Pengo wwwww Checks bbbbb I fcOWfcOWi*. XX XX Cables . Checks Cables Jan.. 1.. Jan. 2.. 40.07a40.25 I6.83)4a.86)£ 16.84al6.87 Jan. XXX a3.71 sunday \>- \oi \o» \» \cn XXXXX a3.67 sunday Jan. wwwww X 42)4a22.44 3.63)4a3.67 2.24 54 a2.25)4 22.42a22.43 Jan. XXXXX © © © © © © -jc5 cn ctn rf>- 22.42a2222.43 Jan. 15 I XXXX ,42)4a22.44 3.6054a3.68 42)4a22.44 3.64 a3.66 42)4a22.44 3.62)4a3.66 22.42a22.43 42)4a.43)4 3.6154a3.67 I ft ft 11 22.42a22.43 22.42a22.43 14 I ft 10 sunday 2.22 )4a2.2354 2.23 a2.23)4 2.23Ha2.2454 2.23 54 a2.25 34 2.23)$a2.24)$ 2.23 54 a2.24 54 2.23 54 a2.24)4 2.24 a2.2434 Jan. rf* rf* W ft 2.22 54 a2.23)4 2.22 54 a2.23)4 22.42a22.43 2.21J4a2.23H 2.22 C2.2254 22.42a22.43 2.22%a2.23)4 2.23 a2.2354 22.42a22.43 I I I wwwwww 6 42)4a22.44 3.6154a3.70 ,42)4a22.44 3.61)ia3.70 ,42)4a22.44 3.6154 a3.70 ,42)4a22.44 3.6054a3.68 ,42)4a22.44 3.61 a3.68 42 )4 a.43 )4 3.63 I XXX ft ft a2.24X 2.24)4a2.24 )4 22.42a22.4354 2.23 54 a2.24 2.23 y8 a2.24)4 22.42a22.43)4 2.24)4a2.24J4 2.24 54 a2.24 54 22.42a22.43 I CO © CO © © © © Oi Cn Oi © © bob I Checks holiday 2.24 Jan. Jan. Cables 2.24 54 a2.25 I I wwwwww xxxxxx ft ft Jan. Checks 12 co co co co co co XXX XX I Cables 13 I I I wwwwww WWWWWW ft I I I co to <o co to Oi Cii Oi cn OS Ci www co co oo I lilt I wwwwww X I I I © © CO CO CO CO 00t»00<JO5CR Escudo i Jan. I I Portugal Franc Jan. QO«<l©Cn»^COtO)-L©©QO-^©Oi^WtO>--©©QO-^©Cn^COtO) I I I I I I I I FOREIGN EXCHANGE Switzerland Checks Jan. CO CO to o CO on OF Franc Jan. I Corp. France dis¬ Europe and trading everywhere. 22d. was 185H outstanding. Member of the Northwest Bancorporatlon. e 20 conditions in war 100 Trust funds. 20 a DAILY RATES countries 162" 100 100 par stock. 42 it had been throughout the four previ¬ result of the a price Jan. on as Far no 20 (Concluded from page 18) the on cent. 209 100 36.000.000 39,000,000 842,389,506 7.000.000 5,000,000 135,565,176 1,500,000 750,000 19,858,271 Provincial Bk of Can 4,000,000 1,000.000 48,125,231 Royal Bk of Canada. 35,000.000 20,000,000 851,950,678 t Wisconsin Bankshares Corp. Marine Nat Exch Bk Exchange Per Bank of Montreal Banque Canadienne. Barclays Bk (Canada) 16.80al6.84 Checks HOLIDAY 17.59al8.00 wwwwww wwwwww wwwwww xxg^xxxxxgxxx xxgx xxxxgxxx x2 9889hnR6'5R';iH8 900nBH»ftftS0H caswwOwwwwwwUwwwwwwOwwwwwwDwwwwwO Ol 40.12a40.30 16.71al6.74 16.71 )$al6.75 17.59al8.00 6.. 40.12a40.30 16.72al6.75 16.72)$al6.76 17.60al8.00 xxxxx www wwwwww CO CO CD Ol Oi «4 Jan. 7.. SUNDAY Jan. 8.. 9.. 40.12a40.30 16.74Hal6.77 16.75al6.77)$ 40.12)4a40.30 16.78al6.82 16.79al6.82)$ 40.12a40.25 16.80al6.83 16.80)$al6.84 40.12 )4a40.25 16.81al6.83 16.81)$al6.84 40.13 )4a40.25 16.82Hal6.85 16.83al6.86 17.59al8.00 Jan. 40.12a40.25 16.84al6.87 17.59al8.00 XX XXX ft ft ft ft XX ft ft ft wwwwww wwwwww X wwwwww WMHHOO X XXXX ft ft ft ft ft ft wwwwww X ft ft ft ft ft ft wwwwww ft ft ft ft ft wwwww xxxxx 12.. 13.. No rates 14.. available cp © © OHOHtO Jan. 17.. 40.12a40.25 16.78 )4al6.85 16.79al6.85)$ 16.82al6.84 16.82Hal6.85 18.. 40.13a40.25 Jan. © © xxxxx bo 16.78al6.81 40.12a40.30 Jan. ft www co co co ~4--4 -4 19.. 40.14a40.25 40.13a40.25 bbb co XXXX b WWWWWW wwwwww wwwww 22.. 40.12a40.25 bbbbbb bbbbbb bbbbb Jan. 23.. 40.12a40.25 i^WWtOWtO bOh-OtOtO Jan. 24.. 40.12a40.25 X XX XX XX XXX Jan. xxxxx Jan. 25.. 40.12a40.25 Jan. 26— WWWWWW WWWWWW WWWWWW WWWWW QO0O00 -4-4«4 -4 05Cn bbbbb bbbbbb tfk rfk Cn rffc Cn W bbbbb C71 ^ W W ^ tO t-» XXX XXXX XXX XXXXXX X JD 55 b cobbbbb X co X tO 40.12a40.25 Jan. 27— WWW 40.12a40.25 Jan. 28— M 16.79al6.82 16.82 )*al6.85 16.83al6.85)$ 16.82al6.83)^ 16.82)$al6.84 16.81al6.83 16.81)$a.83)$ 16.81Hal6.83 16.81al6.83M 16.86al6.89H 16.90Hal6.94 16.91al6.92M 16.92)4al6.95 16.82al6.83)$ 16.81)$al6.83 16.86 Hal6.90 17.69al8.00 17.59al8.00 17.59al8.00 17.59al8.00 17.59al8.00 17.58al8.00 17.58al8.00 17.68al8.00 17.58al8.00 17.58al8.00 17.60al8.00 16.91al6.95 17.58al9.00 16.91 )$al5.93 16.93al6.96 17.59al9.00 17.59al9.00 SUNDAY Jan. 29.. 40.13a40.25 rf* Jan. 30— 40.12a40.25 XX 16.92)$0,16.98 16.93al6.98)$ 16.96)$al6.98 16.96al6\97 Jan. 31.. 40.l2a40.25 16.95)$a.97)$ 16.96al6.98 h- W 17.59al8.00 SUNDAY tfw Wtf^W^Cn WWWWWW eg Ol Oi CI Oi Cn 17.58al8.00 SUNDAY 40.13a40.25 16.. Jan. 20.. b 16.. Jan. XX Jan. 21.. XXX 16.84)$al6.88 Jan. XXXXXX © © © © CO © cn co to to to to xxxxxx 11.. Jan. 00 00 00 CO CO co Co co t—* bo 10.. Jan. wwwww CO CD CO CO CO CD ©CO © © © © © © © © Oi CO XXXX Jan. Jan. (f'rf»-rf».rf*CnCnHdenrfkWWtf>.U>l^l-'l-»l-'tCfc3rj xxxx x xx xxx xxxxx* © CO © © © © OS cn cn Cn w 17.59al8.00 b Jan. xxx XX 16.80)$al6.85 16.79Hal6.82 16.80al6.83 17.59al8.00 40.12a40.25 5__ ft o bbb^bbbbbb^bbbbbb^bbbbbb^bbbbbi!* -4-4^1h^^J05 05 05Cn ft ft www 40.07a40.25 4.. Jan. wwwww 3._ Jan. Jan. www 19.50 19.50 18.50al9.50 ' MONTHLY REVIEW 112 OF FOREIGN EXCHANGE DAILY RATES Denmark Cables Checks Jan. 53.25a53.35 Jan. 53.24a53.29 53.25a53.30 53.23a53.27 Jan. 53.23a53.27 53.29a53.35 Jan. Jan. 15 Jan. Jan. 17 18 Jan. 19 Jan. Jan. 20 Jan. 12 H al2 % disct. 6 12 H % disct. 7 Jan. 8. Jan. available 53.13Ha53.17 22 23 53.12a53.16 Ha53.11 12 Jan. 29.77a29.78 13 57.23a58.00 \ 29.77 57.23o58.00 29.77 57.23a58.00 29.77 57.27058.00 29.77 57.27a58.00 29.77 57.27a58.00 allH % disct. allH % disct. allH % disct. 29.77 57.27a58.00 29.77 57.27a58.00 disct. 29.77 57.27a58.00 % disct. 29.77 57.27o58.00 29.77 57.27a58.00 SUNDAY Jan. 14 Jan. 15. Jan. 16. 19.31al9.33H aJn. 17——— 19.31al9.33H Jan. 18 19.31al9.33H Jan. 19. Jan. 20 Jan. 21 Jan. 22 Jan. 23 12 Jan. 24. 12 Il13xeall9i6 % Hi5iaallH % disct. 12 allH % disct. 12 allH % disct. 12 allH % disct. 12 allH % disct. 12^*»allH % disct. No rates Available SUNDAY ft* 12 53.07 Jan. 25 53.11053.15 53.llHa.15H 19.31al9.32H 19.31 Hal9.33 Jan. 25 Jan. 26. 12 Jan. 26 53.08a53.13 53.08Ha53.14 19.31al9.32H 19.31Hal9.33 53.08a53.10H 53.08Ha53.11 19.31al9.32H 19.31Hal9.33 allH Jan. 27 12 Jan. Jan. Jan. 30 31 30 Jan. 53.08a53.10H 53.08Ha53.11 19.30Hal9.33 19.31al9.33H 53.08o53.09H 53.08Ha53.10 19.30Hal9-33 19.31al9.33H 53.08a53.09H 53.08Ha53.10 19.30Hal9.33 19.31ol9.33H Jan. 29 31 SUNDAY 28 29 57.27a58.00 29.77 allH % disct. Jan. Jan. SUNDAY Jan. 28 57.20a58.00 57.23a58.00 Jan. 24 Jan. 27 57.20a58.00 29.77a29.78 29.77 19.31al9.33H 53.14a53.17H 19.30Ha.32H 19.31al9.33 53.12Ha53.17 19.30 Ha.32 H 19.31ol9.33 19.30Ha.32H 19.31al9.33 53.08a53.12 57.22o58y.00 29.77 19.31al9.33H 19.31al9.33 57.11a58.00 29.77a29.78 al2ix# % disct. 12 H al2 % disct. 12% discount 12H allH % disct. 12 allH % disct. 11H allH % disct. 11 Jan. 29.77a29.78 12 H 10--. Jan. No rates al2 SUNDAY 9.. Jan. SUNDAY Jan. 21 57.11a58.00 5 Jan. 19.30Hal9.33 19.30Hal9.33 53.16a53.21 53.15a53.20 19.30Hal9.33 53.12 Ha53.19 53.13a53.20 53.18Ha.26H 19.30Hal9.33 53.18a53.26 53.15Ha53.23 19.30Hal9.33 53.15a53.22 19.30 Ha.32 H 53.13Ha53.16 53.14a53.17 16 29.77a29.78 4 53.25a53.32 53.24a53.31 56.98a58.00 Jan. SUNDAY 14 Jan. 56.98a58.00 56.98o58.00 29.77a29.78 Jan, 19.29 Hal9.32 19.30al9.33 Ha53.34 19.29Hal9.33 19.30al9.33H 53.30Ha53.36 19.29Hal9.33 19.30al9.34 19.30Ha.33H 53.33 Ha53.45 19.30al9.33 53.33a53.44 19.29Ha.32H 19.30019.33 53.37 Ha53.51 53.38a53.52 19.30 Ha.33H 53.50a53.55 53.50Ha53.56 19.30al9.33 11 Jan. 12 Jan. 13 29.77a29.78 29.77a29.78 Jan. 53.30a53.35 Jan. disct. 11H allH % disct. 12H all»xe % disct. 19.30Hal9.33 53.28 O.¬ 53.28a53.33 10 11H all3i6% 3 19.29al9.32H 19.29Hal9.33 19.29al9.32H 19.29 Hal9..33 53.25 Ha53.29 53.26a53.30 Jan. Jan. Jan. HOLIDAY 1 2 Jan. SUNDAY Jan. Jan. 19.30al9.32 19.29al9.33 Peso Checks Cables Jan. 19.30Ha.33H 19.29Ha.33H 19.30al9.33 Checks Checks Jan. HOLIDAY 53.23Ha53.28 53.23Ha53.28 53.29 Ha53.36 53.25Ha53.36 Jan. Peso Checks Cables Checks Colombia Argentina Dollar Zloty Guilder Jan. Canada Poland Krone Netherlands (Concluded) 12H allH% 12Hal2H% 12 H al2H% 57.27a58.00 29.77 disct. disct. disct 29.77 57.27a58.00 29.77 57.27a58.00 Ecuador . Finland Brazil Bolivia Norway Chile Sweden Milreis Sucre Markka Boliviano Krone Peso Krona Checks Checks Checks Cables Checks 23.80 Ha23.83 23.81a23.83H 22.70 Ha.72 H 22.71a22.73 1.81Hal.95 23.79Ha23.83 23.80a23.83H 22.70a22.72H 22.70Ha22.73 1.81Hal.95 al.90 a22.73 1.81 22.69 Ha22.72 22.70 23.80a23.83 23.79Ha23.82 ol.90 22.70o22.72 22.70Ha22.73 1.81 23.79Ha23.82 23.80023.83 23.80Ha23.83 22.70o22.72H 22.70Ha22.73 1.81Hal.90 23.80a23.82 Jan. Jan. Jan. Jan. HOLIDAY Jan. HOLIDAY Jan. Cables Checks Checks Cables Checks 1-. Jan. 2-. 5.05o5.15 5.17a5.19 3.00 6.75 Jan. 3.. 5.05Ha5.15 5.17a5.19 3.00 6.75 6.75 Jan. 4_. 5.00a5.15 5.17a5.19 3.00 Jan. 5.. 5.00a5.15 5.17a5.19 3.00 5.76 5.00a5.15 5.17a5.19 3.00 6.75 Jan. 6-. Jan. 7_. Jan. 6. 7. Jan. 3.00 6.75 1.81Hal.90 5.16a5.17 23.80a23.82 5.00a5.15 8. 8.. Jan. 1.81 al.90 Jan. 5.00a5.15 5.16a5.17 3.00 6.75 9. 23.80a23.83 9.. Jan." al.90 Jan. 5.00a5.15 5.16a5.17 3.00 6.75- 3.00 6.75 Jan,; SUNDAY Jan. 12. 23.80Ha23.83 22.7Qa22.72H 22.70Ha22.73 23.80Ha.83H 22.70 Ha22.73 22.71a22.73H 22.71Ha.73H 23.80a23.83 23.80Ha.83H 22.71a22.73 22.71Ha22.73 23.81a23.82H 23.81Ha23.83 22.71o22.72 22.70Ha22.72 22.71a22.73 23.80Ha.82H 23.81a23.83 Jan. 13. 23.80Ha.82H 23.81a23.83 Jan. 10. Jan. 11. 1.81 al.90 10_. Jan. 11_. 1.80 al.90 Jan. 1.81 al.90 22.71Ha22.73 1.81 22.71a22.72 14. Jan. 15. Jan. 16. Jan. 17. al.90 22.70 Ha.73 H 1.82 23.80 Ha23.83 23.81a23.83H 22.70a22.73 23.80a23.83 23.80Ha23.84 22.70Ha22.73 22.71a22.73H 1.81Hal.90 1.81 al.90 23.80a23.82H 23.80Ha23.83 22.70Ha.72H 22.71a22.73 Jan. 18. 23.80 Ha.82 H 23.81a23.83 19. 23.80a23.82H 23.80Ha23.83 22.71a22.73 23.80a23.82H 23.80Ha23.83 22.70a22.73 Jan. 20. al.90 Ha.73 H 1.82 22.71Ha.73H 1.83Hal.90 22.70 22.70a22.73 22.70 Ha.73 H 1.83Hal.90 13_. Jan. 5.00a5.15 No rates 5.00a5.15 5.16a5.17 3.00 6.75 available 5.00a5.15 5.16a5.17 3.00 6.75 SUNDAY 14_. Jan. 15.. 5.02a5.15 5.17 3.00 6.75 16.. 17.. 5.00a5.15 5.17 3.00 6.75 Jan. 5.00a5.15 6.17 3.00 6.75 Jan. 18-. 5.00a5.15 5.17 3.00 6.75 Jan. 19.. 5.03a5.15 5.17 3.00 6.75 Jan. 20_. 5.00a5.15 5.17 3.00 6.75 Jan. Jan. SUNDAY Jan. 21. 12_. 5.16a5.17 Jan. SUNDAY Jan. Jan. SUNDAY SUNDAY 21-. 5.03a5.15 5.17 3.00 6.75 a22.73 22.70Ha.73H 1.83 Hal .90 Jan. 22_. Jan. 23.. 5.00O5.15 5.17 3.00 6.75 24-. 5.00a5.15 5.17 3.00 6.75 Jan. 25-. 5.03o5.15 5.17 3.00 6.75 Jan. 26_. 5.00a5.15 5.17 3.00 6.75 Jan. 26. 1.83Hal.90 23.80o23.82H 23.80Ha23.83 22.70 Ha.72 H 22.71a22.73 al.90 22.70Ha.73H 1.82 23.80a23.82H 23.80 Ha23.83 22.70a22.73 al.85 22.70Ha.73H 1.80 23.80a23.82H 23.80Ha23.83 22.70a22.73 22.71a22.73H 1.81Hal.85 22.70Ha22.73 23.80Ha23.83 23.81a23.84 27.. 5.17 3.00 6.75 Jan. 27. 23.80Ha23.83 23.81a23.83H 22.70Ha.72H 22.71a23.73 5.03a5.15 23.80Ha.82H 23.81a23.83 Jan. 22. Jan. 23. Jan. 24. Jan. 25. 22.70 Jan. al.85 Jan. 29.. 5.00a5.15 5.17 3.00 6.75 1.81Hal.85 23.80Ha23.83 23.81a23.83H 22.70Ha.72H 22.71a22.73 22.71 Ha.73H 1.81Hal.85 23.80Ha23.83 23.81a23.83H 22.71a22.73 1.81Hal.85 23.80H a23.83 23.81a23.83H 22.70H a22.73 22.71a22.73H Jan. Jan. 30.. 5.03a5.15 5.17 3.00 6.75 Jan. 31_. 5.03o5.15 5.17 3.00 1.80 Jan. 29. Jan. 30. Jan. 31. SUNDAY Jan. 28-. SUNDAY Jan. 28. 6.75 Czecho¬ Spain Italy slovakia Peseta Lira Koruna Peso Checks Cables Checks l-_ Jan. 2.. 9.95al0.15 Jan. 3— 9.95ol0.15 5.04Ha5.05 5.04Ha5.05 Jan. 4„ 9.95al0.15 5.04Ha5.05 Jan. S.¬ 9.95al0.15 Jan. 6._ 9.95al0.15 5.04Ha5.05 5.04Ha5.05 Jan. 7— 8— 9.95al0.15 Jan. 9— 9.95O10.15 Jan. 10.. 9.95al0.15 Jan. 11— 9.95al0.15 Jan. 12_. Jan. _ No rates available 9.95al0.15 9.95al0.15 15.. 9.95al0.15 Jan. 16.. 9.95ol0.15 Jan. 17.. 9.95al0.15 18__ 9.95al0.15 Jan. 19— 9.95al0.15 Jan. 20.. 9.95al0.15 Jan. Jan. Checks 65.83 31.00o31.50 17.00al8.75 23.44o23.47 24.62 65.83 31.00o31.50 17.00al8.75 23.44023.47 24.60 O24.70 65.83 31.15a31.50 17.00al9.50 23.44a23.47 24.49 O24.60 23.44a23.47 24.44 Checks HOLIDAY 024.68 Jan. 65.83 31.15a31.50 18.50al9.50 Jan. 65.83 31.15o31.50 18.50al9.50 23.44a23.47 Ha24.54 24.47Ha24.62 Jan. 65.83 31.15o31.50 18.50al9.50 23.44a23.47 24.47 024.62 Jan. 65.83 31.15o31.50 18.50al9.50 23.44a23.47 24.60 024.75 24.53 024.75 SUNDAY Jan. Jan. 10 65.83 31.00o31.50 19.00al9.50 23.44a23.47 Jan. 11 65.83 31.00o31.50 19.00al9.50 23.43a23.47 24.52 O24.70 23.44a23.47 24.56 024.75 23.44a23.47 24.66 O24.80 No rates Jan. 12 65.83 31.00o31.50 19.00al9.50 available Jan. 13 65.83 31.00o31.50 19.00a20.00 SUNDAY Jan. 14 Jan. 15 65.83 31.00o31.50 19.75a20.00 23.44a23.47 24.68 024.82 Jan. 5.04HO5.05H 5.04Ha5.05 5.04Ha5.04H 5.04Ha5.05 5.04Ha5.05H 5.04 H a5.06 5.04Ha5.05H 5.04Ha5.05 5.04Ha5.05H 5.04Ha5.05 16 65.83 31.00a31.50 19.75a20.00 23.44a23.47 24.68 024.75 24.54 o24.67 024.72 Jan. 17 65.83 31.00o31.50 19.75a20.00 23,44o23.47 Jan. 18 65.83 31.00o31.50 19.75a20.00 23.44a23.47 24.58 19.50al9.75 23.44a23.47 24.65. 024.72 19.50al9.75 23.44a23.47 24.59 024.67 24.62 024.70 Jan. 5.04Ha5.04H 5.04Ha5.05 19 65.83 31.00o31.50 Jan. 20 65.83 31.00a31.50 SUNDAY Jan. 21 Jan. 22.. 9.95al0.15 5.04Ha5.05 Jan. 23__ 9.95al0.15 5.04Ha5.05 Jan. 24— Jan. 5.0&*^5.05H 9.95al0.15 5.04Ha5.05 Jan. 25— 9.95al0.15 Jan. 26.. 9.95al0.15 Jan. 27_. 9.95O10.15 22 65.83 31.00a31.50 19.50al9.75 23.44a23.47 Jan. 5.04Ha5.05H 5.04Ha5.05H 23 65.83 31.00a31.50 19.50al9.75 23.44a23.47 24.65 Ha24.75 23.44a23.47 24.74Ha24.87 Jan. 65.83 31.00a31.50 25 65.83 31.00o31.50 19.00ol9.50 23.44a23.47 24.76 Jan. 26 65.83 31.00a31.50 19.00al9.50 23.44a23.47 24.76 O24.80 Jan. 27 65.83 31.00a31.50 19.00al9.50 23.44a23.47 24.75 O24.80 Jan. SUNDAY 24 19.00al9.50 Jan. 5.04Ha5.04H 1W»C»k)5 5.04Ha5.04H 5.04 % 05^05 5.04Ha5.04H 5.04Ma5.0% Jan. 28.. Checks Jan. SUNDAY Jan. 21.. Dollar Yen Checks Jan. SUNDAY 14.. Hongkong Sol Jan. 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H 5.04Ha5.05H SUNDAY Jan. Japan Checks ' Jan. 5.04Ha5.05H 5.04Ha5.05 5.04HO5.05H 5.04Ha5.05 5.04Ha5.05H 5.04Ha5.06 5.04Ha5.05H 5.04Ha5.06 5.04 H 05.05 H 5.04Ha5.05 5.04Ha5.05H 5.04Ha5.05 Peru Bolivar Checks Cables HOLIDAY Jan. Jan. 13. Venezuela Uruguay 28 024.85 SUNDAY 9.95al0.15 Jan. 30— 9.95al0.15 Jan. 31— 9.95O10.15 Jan. 29 \ 5.04Ha5.04H 5.04Ha5.05 5.04Ha5.04H 5.04 H a5.05 f 5.04Ha5.04H 5.04Ha5.05 65.83 31.00a31.25 19.00al9.25 23.44a23.47 24.78 024.88 30 65.83 31.00a31.25 18.75al9.25 23.44023.47 24.81 024.85 65.83 31.00a31.25 18.37al8.50 23.44a23.47 24.74 024.83 Philippine Jan. 29.. Straits Jan. Jan. 31 India Java Bulgaria Yugoslavia Greece Shanghai Islands Settlements Rumania Drachma Yuan Dollar Peso Rupee Cuilder Lev Dinar Dollar Leu Checks Checks Checks Checks Checks Checks Jan. Checks Checks Cables Checks Jan. 2.. .71Ha.73H 1.20 2.26Ha2.35 .71Ha.74H Jan. 3__ .70 o.73H 1.20 2.26Ha2.35 .71 a.74H Jan. 4__ .69Ha.73H 1.20 2.26Ha2.35 .71 0.74H Jan. 5— .69H0.73H 1.20 2.26Ha2.3'5 .71 0.74H Jan. 6— .70 Ha.73 H 1.20 2.26Ha2.35 .72 0.74H SUNDAY Jan. 7— Jan. 8— .70 Ha. 73 H 1.20 2.26Ha2.35 .71 a.74H 9— Jan. 10— .69Ha.73H .69Ha.73H .70 Ha. 73 H ,69Ha.73H .69 Ha.73 H 1.00 2.25Ha2.35 .71 a. 74H Jan. 11— 12_. 13.. Jan. 14— Jan. 15__ Jan. 16— Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 17.. 18— 19-. 20— 21_. 22-. .71 a.74H 2.25Ha2.35 Jan. 7.62o7.78 4918i«a49.90 46.38 047.75 30.11 O30.20 53.66 .71Ha.75 .71Ha.75 .71H0.75 .72Ha.75 Jan. 7.6107.75 4913i«a49.90 46.33 047.75 30.10 O30.18 53.69 Jan. 7.62a7.85 4913isa49.90 46.15Ha47.75 30.08Ha30.15 53.76 Jan. 7.97O8.10 4913i6a49.90 46.06 047.75 30.07 O30.15 53.68 49i3x6a49.90 46.08 047.75 30.08 C30.14 53.69 7.93a8.12 4913i6a49.85 SUNDAY 46.16 047.75 30.11 O30.18 53.70 7.99a8.06 4913i6a49.85 46.48 7.88a8.06 49i3i6a49.85 46.30 047.75 30.12Ha30.21 030.21 047.75 30.15 53.80 O30.18 53.90 1.00 2.25H02.35 2.25Ha2.35 .71Ha.74H 1.00 1.00 2.25Ha2.35 .70Ha.74H O30.19 53.97 6 Jan. .71Ha.75 .71Ha.75 .71Ha.75 Jan. 7 Jan. Jan Jan. 8 O.¬ 10 7.8607.88 53.75 Jan. 11. 7.89a8.00 49i3i6a49.85 46.35 .71H0.75 .70Ha.75 Jan. 12 7.88O8.00 4918x6049.85 46.39 047.75 30.13 Jan. 13, 7.90O8.00 49 Jan. 14. 46.53 Ha47.75 30.14Ha30.20 SUNDAY 54.00 SUNDAY .69Ha.73H .70 Ha.73 H .70 Ha.73 H .70 Ha.73 H .71Ha.73H .70 Ha.73 H a.75 047.75 30.13 2.26Ha2.35 7.93O8.00 1.00 2.25H02.35 047.75 30.11 Ha30.20 O30.20 46.64Ha47.75 30.14 53.70 1.00 15 1.00 2.25H02.35 2.25Ha2.35 1.00 1.00 2.25Ha2.35 1.00 2.25Ha2.35 .71 a.74H .72 .70Ha.74H ,71Ha.74H .71Ha.75 a.75 Jan. 16 8.OO08.IO 49H a49.85 49H a49.85 46.60 Jan. 17. 8.00O8.10 49 H 46.44 a47.75 30.14 53.65 0.74H 047.75 30.13 53.75 a.74H 46.46 C30.23 .71 .71Ha.75 ,71Ha.75 .72 Ha.75 .71Ha.75 O30.18 .71 46.51 047.75 30.15 O30.25 53.67 46.44 047.75 30.14 O30.22 53.66 .71Ha.74H .71Ha.74H .72 Jan. 18 7.9508.00 Jan. 19 7.94a8.00 Jan. 20 Jan. 1.00 Jan. 24__ .63 a.68H Jan. 25„ .63 Jan. 26.. .63 Jan. 27— .63 a.66H .71Ha.75 .72 Ha.75 .71 Ha.75 .71 Ha.75 .72 Ha.75 .71Ha.75 Jan. Jan. 28 2.25Ha2.35 2.25Ha2.35 2.25Ha2.35 .71Ha.75 .71Ha.75 .71Ha.75 2.25H02.35 2.25H02.35 1.00 2.25 H a2.35 o.65 1.00 2.25H02.35 a.65H 1.00 2.25Ha2.35 a.67H 1.00 Jan. .63 1.00 .63 1.00 0.67H a.66H .60Ha.65 1.00 7.92O8.05 a49.85 49 H a49.85 49 H a49.85 49 M 049,85 21 SUNDAY 1.00 .63 Ma49.85 Jan. SUNDAY .70Ha.73H 28 Jan. 29 Jan. 30— Jan. 31.. a.75 .72 . 1.00 Jan. 23.. Jan. HOLIDAY Jan. HOLIDAY 1__ 2.25H02.35 .71Ha.74H .72 Ha.74 H .71Ha.74H .71Ha.74H .72Ha.74H .71Ha.74M .71Ha.74H .71Ha.74H .71Ha.74H 53.69 SUNDAY 22 7.89a8.00 49 H 49 H 46.52 047.75 30.12Ha30.26 O30.27 047.75 30.19 53.65 7.81a8.00 a49.85 a49.85 46.48 Jan. 23 24 7.70a8.00 49H 049.85 46.63 047.75 30.18 O30.28 53.60 o47.75 30.19 O30.28 53.65 Jan. 53.65 Jan. 25 7.73a7.75 49 H 049.85 46.72 Jan. 26 7.71a7.75 49H 049.85 46.73 047.75 30.17 a30.25 63.60 Jan. 27 7.77O7.90 49M a49.85 46.75 047.75 30.18 O30.26 53.60 Jan. 29 7.73a7.88 49 H 46.79Ha47.75 30.18 C30.23 53.60 Jan. 30 7.76a7.80 53.60 31 7.67a7.80 047.75 30.19 a47.75 30.18 030.25 Jan. O30.25 53.60 SUNDAY 049.85 49 X a49.85 49H 049.85 46.87 46.78