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fEB 13 1939 ubRM^ QUOTATION RECORD l»t«. W. S. IN JANUARY OFFICE RETROSPECT Pag« / Financial and Event*.— Page Cotton Course of the Stock Market Dividend Declaration* 1 Hides and Leather 8 9 Commercial Iron and Steel Trade 7 13 Money Market 12 — New Federal Reserve Bank—Brokers' Loans _15 Foreign PAT. 4 Affairs Foreign Exchange -15 Grain—Coffee—Sugar 9 . 14 T Security Issues 12 Petroleum and Its Products 10 Rubber 9 Textiles 9 United States INDEX TO STOCK EXCHANGE Treasury Financing __11 QUOTATIONS Page Page 67 New York Curb Boston Stock Exchange 68 New York Stock Chicago Stock Exchange. 64 New York Stock Cleveland Stock Exchange. 66 Philadelphia Stock Exchange Baltimore Stock Exchange __ Detroit Stock Exchange Los ..60 Angeles Stock Exchange 64 Exchange 41 Exchange—Bonds.._ 19 Exchange—Stocks 31 .61 Pittsburgh Stock Exchange 59 San Francisco Stock Exchange 62 INDEX TO GENERAL QUOTATIONS Page Banks and Trust Companies— 100 Canadian 111 Domestic Land Bank Bonds 01 ... Canadian 93 83 Exchange Seats Federal * Municipal Bonds— Domestic Public Utility Bonds... 91 Public Foreign Government Bonds 92 Railroad Bonds: Industrial Bonds 81 Railroad Stocks Industrial Stocks 84 Real 73 Utility Stocks __78 $7 71 Estate Bonds Insurance Stocks 99 Reai Estate Trust and Investing 72 _H2 Textile Stocks Companies Securities Joint Stock Land Bank— Securities Title ... Ill Mill Stocks—see Textile Stocks— Mining Stocks lETe WILLIAM 84 William and Safe Deposit Stocks 84 COMPANY, Street, Corner of . 91 United States Territorial Bonds iDnsLSLio-y 9, DANA 84 84 Guarantee United States Government Securities ... R. Land Stocks 1930 PUBLISHERS Spruce Street, New York 91 Jfofc gqjosil atxxl ^ntst —OF Co. BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 Company has devoted itself the management and conser¬ vation of estates—specializing the whole effort of its highly trained organization in this business. It is.one of the few trust companies in the CINCE 1876 this ^exclusively country to which has never engaged in general Its Directors are: banking, selling securities, etc. * Edwin G. Baetjer Charles H. Babcock William G. Baker, Venable Baetjer & Howard Reynolds & Co. Jr_.Baker, Watts & Co. -Chairman of Board of Haiti- Howard Bruce.. more National Bank President of Safe Deposit and George C. Cutler Trust Co. E. Asbliry Davis Presideht of Baltimore of United States Fidelity and Guaranty Co. Lyman Delano Chairman of Board of Atlantic Robert Garrett- Robert Garrett Coast Line R. R. Co. J. Edward Johnston. Blanchard Randall Charles E. Riernan Sons -President of James Lumber Co. Norman James _ _ Capitalist Gill & Fisher .Pres. of Western Nat. Bank BANKv" QUOTATION RECORD REQ. U. S. PAT. OFFICE Copyright in 1939 by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C. Entered Second Class Matter, as VOL. 12 March 9, 1928, at the Post Office at New York, N. Y., under the Act of March 3, 1879 NEW YORK, FEBRUARY 9, 1939-40. Bank and Quotation Record for publications of the companion one of the Commercial & Financial Chronicle and is issued monthly. Terms for the Chronicle and U. S. Possessions and and Central America, Spain, Mexico and Cuba, and $23 in other foreign countries. The a United States Territories; $19.50 in Canada; $21.50 in South $18 per annum within the are ' subscription price to the Bank and Quotation Record is $12.50 Postage outside of United States extra. year. Single copies are sold at $1.50 per copy. CHICAGO OFFICE—208 South La LONDON OFFICE—Edwards & WILLIAM Salle Smith, DANA B. William Street for cated the FINANCIAL Construing the election governmental ton mindedness from the and as mandate to curtail a 3 and by quickly paring the demonstrated deficiency The on its relief economy- appropriation after first session of the Seventy-sixth Congress "revisionist" and independent note on a Jan. 3, preliminary organization adjourned to await the President's "State of the day. Appearing in gress on Jan. 4, Union" message before person the President the following on joint a issued last July. the as eign best lands. means of $5,669,320,000. debt made declared session Con¬ of against dictator¬ meeting the "storms" from for¬ Asserting that "storms from abroad directly the President said that "a violent contrac¬ natural before ready take up the to misery but try of the fense was The total insure to Secondly, all meet attack. we have they needs forces strategic resistance must that eo armed against sustained facilities to have may and the and defenses positions ultimate key organization danger and location serious of ward to facilities essential victory. be immediately utilized without enough strong and and those of rapidly interruption key expanded by enemy ... If these first two essentials are reasonably provided for, we must be confidently to invoke the third element, the underlying strength of citizenship—the self-confidence, the ability, the imagination and the devotion that give the staying power to see things through. able . The bills saying warned that against "our trying neutrality to resolutions opening days and to the deny it to the victim." domestic picture, the may of all, their said. have made we interrelationship an aggres¬ Turning from the foreign President reviewed the The President the American and then By our spring, we common have action sense reversed a regard of accom¬ "that this said, only the Administration a which of the men Nation and the we to he are people conscious defense a he of his declared: Government started the ought resources Nation"; "Government nizing the proceeded on cuts possible now the new activities last tide rising of just beginning to enjoy. effort to position," not to be the and President need not be sufficient to make it at least this and be cannot achieved its operations by one-third." economy ambitions of an if Recog¬ Congress, the to of secure a Government are to be reduced in any balanced budget. The President's message placed in the hopper were session to the appropriate on com¬ Action Emergency Relief Legislation when Jan. 4 on the President asked immediately $875,OCX),000 to said Feb. this 1 diminishing sum the Works 30 of this to June needed was number beginning President's request fell on the Jan. Congress to appropri¬ carry to Progress year. The employ "an of 3,000,000 workers in February and March and average 3 had been informed in ." . . a The of Congressmen who on ears by April. the Senate Committee on Campaign Expenditures that "unjustifiable political activ¬ ity" had occurred in States. for connection with the WPA in several coiiimittee reported that funds appropriated The relief had been diverted in instances to political many Mindful of the desire sion. annual message to Congress on report, the President in was followed by his year his Congress to relief legislation pass as a of result this said, neverthe¬ message less, that "hasty adoption of legislative provisions, radically changing the present method of distributing funds would greatly complicate the administration of the program." urged that determining The first a Congress a study the subject "with policy to obtain in the fiscal indication docile that Congress the came President on Jan. He view a to 1940." year would no longer the 10 when House Deficiency Appropriations Subcommittee "revolted" against the Administration's the cut on members spending policy by cutting $150,000,000. vj?he Presi¬ The full committee sustained Jan. 13 when, by a teller vote of 226 to of House the rejected an amendment 137, the to fix the appropriation--a^the figure asked by the President. the same (Jan. day 13) 397 to 16, the legislation tion) calling for Despite that the the 1,000,000 relief Senate on workers rolls if ments the House passed, by (which is in the form of On vote a a of resolu¬ appropriation of $725,000,000. an pressure the of relief groups, would have House action to and be intimations dismissed were from sustained, the Jan. 27, by a vote of 47 to 46, refused to restore $150,000,000 cut. somewhat Jan, 5 for the fiscal of limiting the distribution of WPA funds the Budget Message budget 1,000 fronts. many dent's figure by accept the responsibility for such reduction" and determine activities Con¬ than more Some surprise was expressed with the size of the request have President warned the legislators that they would "have which sending the mittees and of getting the legislative wheels moving. $60,000,000,000 Nation; that at this moment it has $80,000,000,000 the "takes and years. interdependence," resuming recession prosperity and national income which His their proceeded spending policies in which neu¬ operate plishments of his Administration during the past six "Above of . legislate laws unevenly and unfairly—may actually give aid to sor budgetary figure for national de¬ set itself to the task and the is industry only human ends, and it recommended legislation to prevent such diver¬ President trality, not Having received the annual and budget messages, gress that follows: as private mean placed at $1,319,558,000. President "adequate defense" which he summarized of would disruptive withdrawal from American indus¬ a this time." at expansion slack volume of purchasing power which business needs a of must Al¬ actual estimate of relief needs in the an from attack or The apology for the recurring deficits. no Administration we more $500,000,000 of the statutory limitation. national good faith, the President urged a three-point policy sudden year were The President estimated that the gross ate First, increase of $500,- an July 31, 1940, would be $44,457,845,210, on about esti¬ the tentative estimates Expenditures in the next fiscal challenge" the institutions of religion, democracy and inter¬ off Revised June 30 indi¬ on placed at $8,995,663,200 and receipts estimated at not ships, called for domestic unity, and emphasized prepared¬ ness ending highest tion, $875,000,000 requested by the President to $725,- 000,000. opened returns experience. year budget a second next fiscal year, EVENTS expenditures, Congress returned to Washing¬ Jan. on AND Deal $3,972,259,000, despite though he put off REVIEW OF JANUARY—COMMERCIAL New in presented $3,326,343,200—the present fiscal deficit of a President the of OOOdOO in anticipated receipts over President Spruce Street, New York corner spending program mates within COMPANY, Publishers, defense, pej> deficit Federal Drapers' Gardens. E.C. 1 a than Street. Requesting the highest peace-time appropriations national with The Bank and Quotation Record is NO. 2 1939 The tempered by the prohibiting a Senate's action, inclusion reduction of more of however, committee was amend¬ than 5% in the rolls during the winter months and "inviting" the President to MONTHLY REVIEW 2 request an additional appropriation before June 30 if some emergency developed which made an immediate expansion of the rolls necessary. The Senate, without a record vote, approved the emergency measure on Jan. 28 in much the same form as it had been reported by the Senate Appropria¬ tions Committee. After the Senate passed the resolution it was sent to House and Senate conferees to reconcile the differences between the two measures. The Senate amended the legislation to of include restrictions on the use Federal funds for political purposes. approval by Congress of the $725,000,000 appropria¬ Feb. 2 when the House accepted the report, previously (Feb. 1) approved by the Final tion was registered on conference adopting the conference report after vot¬ quote from Washington advices to the Tribune") to drop its fight to put a Senate, the House ing 252 to 140 (to New York "Herald im¬ the House action the measure geographical wage differentials now limitation on the posed by the WPA. With was sent to the President. principal provisions in the resolution were summar¬ ized as follows in Washington advices, Feb. 2, to the New York "Herald Tribune": submitted As presidential approval the bill provides: for WPA for the rest of the cur¬ rent fiscal year under the present method of spending, but with the provision that there shall be no administrative reduction of more than 5% before April if 1. finds he President to the to invitation An seek additional funds before July 1 of the total to provide employment for the relief rolls. Earmarking of $5,000,000 to be spent by the Railroad Retirement Board to employ some 25,000 unemployed railroad clerks and other rail¬ $15,000,000 of Earmarking "needy persons" not now on workers road Federal the Board's studies. on of $93,000,000 on the amount A limitation which can be spent on wholly projects. the Act's funds shall be used to carry into President's executive order by which he had proposed to give stipulation that none of A the effect status service civil ban A use on to WPA employees as employees paid out of relief from contributions funds. Committee on calling for revision of the entire Federal relief permanent basis and remove partisan politics from it. The committee urged a coordina¬ tion of the two major features of the Social Security Act with the activities of the WPA, the Public Works Adminis¬ tration, the Civilian Conservation Corps and the National Youth Administration under a Department of Public Works with a view toward putting the relief system on a perma¬ nent basis and insulating it from politics. must be parts of our country and for all groups of our people knowledge and skill at our command to pre¬ in all and vent in December that the President would national defense of unprecedented Reports current temporarily be allocated for new needs of the Army, $65,000,COO for new and $10,000,000 for training of civilian needs of the Navy, Of these amounts the President indicated that actually spent from the Treasury year ending June 30, 1940." About $321,000,000 of the whole appropriation would go for new airplanes for the Army and Navy, while $154,000,000 would go for "critical items" in the Army and for strength¬ ening naval bases. The latter was in line with the recom¬ mendation of the Naval Board, whose report mentioned $210,000,000 "would be of end fiscal the of Guam in the Pacific Ocean as a location for of the bases; sent velt in Congress. on Jan. 19. "without delay The Vinson bill mentioned was in¬ Previous to his defense message, the on Jan. 4 to appropriate $36,construction might be continued curtailment" during the present fiscal Congress naval that so or year. President's The mented Secretary the defense 18 when Jan. on of War to a message bill was was further imple¬ introduced authorizing for training purposes. Later, other bills were in¬ for increased Army personnel in the Air troduced calling Corps and ders" that so with larger authorization to place "educational or¬ industries. On Jan. 27 the President indicated should immediately appropriate $50,000,000 Congress that purchases of airplanes could be made. Social Security In to Spread disabled." over 10 to eliminate the tax-exemp¬ requesting action special message to Congress The President said: fair and effective A progressive income tax and a huge perpetual reserve bonds could not exist oide by side.. Those who earn their from Government should bear the same tax burden as those who their tax-exempt earn livelihood, in private employment. Noting the Supreme Court decision of last April in which the Federal Government was permitted to tax employees of the Port of New York these the In special message on Jan. 16 the President forwarded Congress the report of the Social Security Board, which a Authority, the President requested the collection employees, saying that: legislation prevent to interest of equity of back taxes from and justice immediate legislation is required judicial decisions from operating in such a retroactive fashion as to impose tax liability on these innocent employees and investors for salaries heretofore earned, or on income derived from securities here¬ to prevent recent tofore issued. Feb. Representative President's request. 1 the House received a bill from policy there were two important issued by the President on 31 extending until June 30, 1939 (when the legislation In the field of monetary proclamation actions—the the Treasury program of buying newly-mined at a net price of approximately 64.64c. expires) silver and ounce; do¬ an announcement on Jan. 19 that the Presi¬ the continuance until Jan. 15, 1941, of the an desires dent $2,000,000,000 stabilization fund, and the Administration's power to change the gold content of the dollar. In the latter regard the President said that the "international monetary and economic situation is still such that it not be safe to permit such powers to be terminated." would Under granted only to June 30, the present law these powers are A bill was introduced on Feb. 1 directing the Treas¬ 1939. ury to inform Congress of the the details of the operation of stabilization fund. Wagner Act The general tions duce Board ' dissatisfaction with the National Labor Rela¬ Massachusetts to intro¬ the powers of the along lines suggested by the American Federation of The features of the bill include the granting of Board on Labor. led Senator Walsh of Jan. 25 a bill designed to restrict permission to employers also to have access to the Board and the curbing of the power to invalidate union contracts and in provisions for more specific protection for craft establishment of collective bargaining units. unions the provide the Air Corps with air¬ planes not to "exceed 6,000 serviceable" craft together with such airships and free and captive balloons as he deemed necessary a to that end. Representative Vinson's later introduction considerable con¬ President requested 500,000 safeguard privileges of Federal and State bonds and to permit the taxation of Federal and State government officeholders' salaries were renewed on Jan. 19 when President Roose¬ bill looking toward that end evoked troduced to tion mestic troversy permanently or The Administration's efforts priation of approximately $525,000,000 for defense purposes. that "approximately $450,000,000 should a disability; the program. The President said one and the cost of the program would approximate $850,000,000. Senator Wagner is understood to have prepared a bill calling for an initial outlay of $50,000,000 to start Dec. of sickness years peace-time magnitude were confirmed on Jan. 12 when the President sent to Congress recommendations for the appro¬ the Island for care mothers, infants and children, and to offset through social insurance the loss of earnings among workers who are Doughton carrying out the ask reinforcements of the the and Health and maintaining the health. The aim of the health program—which flexible—the President said, "is to make available Nation's On National Defense before Coordinate livelihood Senate's cut in relief funds, the Special Unemployment and Relief issued a report (Jan. 14) pilots." to for cooperation between the States the system in order to place it on a air pro¬ Federal Government in improving and the of Proposal for Merger of Relief Agencies Preceding social legislation Taxation and Monetary Policies onrelief as a reward for political activity; to deprive or threaten anyone with loss of employment on work relief because of political activffly support of or opposition to any candidate; that it shall be unlawful for anyone in a supervisory capacity in the work relief agency to use official authority to interfere with or influence an election, and for any person knowingly solicit Deal the New Committee Interdepartmental decline to accept private employment at the prevailing wage in the locality. Provision that it shall be unlawful to promise employment to of the 'President on Jan. 23, in a special message, recom¬ mended to Congress "careful study" of the program of the gram of Feb. 1. funds to pay aliens or persons who of Coordinate Health and Welfare Activities furtherance the scientific "emergency" has arisen. an President's recommendations. Welfare Activities appropriation of $725,000,000 for the An system to additional wage earners. In transmitting the report the President urged the revision and expansion of the Social Security Act, with the extension of the law to "all of our people as rapidly as administrative experience and public understanding permit." The President said that the principles of the Social Security Act should be used as a base for erecting measures to afford greater protection to the American people "rather than turning to untried and demonstrably unsound panaceas." "Because," he said, "in some States incompetent and politically dominated person¬ nel has been distinctly harmful," it was recommended by the President "that the States be required, as a condition for the receipt of Federal funds, to establish and maintain a merit system for the selection of personnel." The House Ways and Means Committee is conducting hearings on the 6,000,000 In The old-age insurance of the extension the favored Supreme Court Decision on TV A Suit—Other Rulings Court decision respecting the challenge of the Tennessee Valley Authority electric power The long-awaited program on the Jan. Supreme by 14 private utility companies was handed down In a five-to-two decision the Court rejected 30. plea of the private companies and legal standing to bring action. the constitutionality of the held them without The court did not pass upon program, but rather rejected companies' plea on the grounds that "in no aspect of the suit have the appellants standing to maintain the suit." The court said that "the franchise to exist as a corpora¬ the tion, and to function as a public utility, in the absence of a FEB., 1939] MONTHLY EEYIEW specific charter contract subject, creates no right to corporation no legal cause of complaint by reason of the State's subsequently authorizing another to enter and operate in the same field." The dissenting opinions of Justices Butler and McReynolds held that the companies were "entitled to have this court decide upon the constitutional questions they have brought here." Wendell L. Willkie, President of the Commonwealth & Southern Corp., one of the litigants, stated on Feb. 1 that an of Therefore, the President said, it is the duty of Congress to supply this or any future Commission with a policy giving the American the on he free of competition and affords the Commission public's views Authority's policy and practice. The Corporation at the same time made it known that conferences of with certain Feb. TVA properties decision could Jan. on make public A decision Tobacco A to the Authority sale resumed were on that the National data submitted by coal producers as confidential. also Jan. on 30 upholding the constitutionality of the Inspection Act. ruling Circuit the procedure Jan. on Court against in 3 that the Covington, Ford Motor NLRB Ky., Co. might withdraw from the litigation so to as involving the enable Federal order an Board directed amend to its law 9 the of the of court Somerville, N. not NLRB to engaged in The clauses of in labor interstate the review Jan. on resolution 16 of Renewed of proposed in letters to Chairman that Co. it is affecting cases of 1933 certain invalidating gold contracts. President Roosevelt Advises Conservative Democrats to Join Republi¬ can Fold—In Address at Jackson Day Dinner He Says Democratic Party Is "Liberal" A plea made the homes President Roosevelt from report the House Committee. indicated by the President was would be supplied from Federal on Jan. 23 transmitted to Congress a on Science the Committee in which of National the national defense Re¬ placed list of problems in which the Federal Government was the primary responsibility for research. The report suggested coordination, expansion and improvement of Gov¬ ernment only. scientific research of National facilities. defense is topics considered in the report, said Washington advices to the New York "Times," which added one that 12 many other fields of research listed were the as primary responsibility of the Federal Government. of Roosevelt Urges Action by Congress to Permit IS Years Philippine Trade Preferences with United States After Islands Attain Independence in 1946 President Roosevelt 24 Jan. on transmitted to Congress the report of the Joint Preparatory Committee on Philippine Affairs, recommending that the United States give certain privileges to the Islands for 15 years after they attain political independence in 1946. In an accompanying mes¬ Washington paid $100 apiece as part of the drive to eliminate the party's deficit. The President, in a speech which was frankly political, said that Democrats must cling trade to which dinner in the objectives of the New party dissension If there risk or and must avoid intra- repudiation by the people in 1940. Democrats are Deal who believe the should party be conservative, he said, "a Democratic tweedledum to a Re¬ publican tweedledee—it is on the whole better that the issue out, be drawn and that within if the the party, that the fight be fought tweedledums the tweedledees." This remark tation - Com¬ Roosevelt Transmits to Congress Report on "Research" by National Resources Committee—National Defense and Other President many Commerce Committee of the Fields of Research Discussed in Report harmony within the Democratic party was Jan. 7 by President Roosevelt in a speech before Day dinner in Washington, which was broad¬ other similar gatherings and to. individual throughout the Nation. Those who attended the to Senate President Jackson cast the funds, for the time being at least, for these projects. Later it was reported that the Special Board of Army Engineers had approved the revival of the interrupted work on the Florida Ship Canal. for on Consideration Bailey of the Senate Committee and of moneys a review to further no first Mfg. that by years ago it has Somerset company concerned. are Florida Ship Canal and the Passamaquoddy Power project was asked by President Roosevelt (Maine) the the two Renewed consideration Committee, upon Congress Asks sources commerce. orders joint Roosevelt involving the authority case a requirements J., despite the contentions issued court features agreed to impose clear where these latter mittee and the House Rivers and Harbor A Jan. judging the merits of by Congress of Passamaquoddy Power Project and Florida Ship Canal in decision on Jan. 3 upholding the statutes of Michigan and Missouri barring shipments of alcoholic beverages from States enacting liquor control laws deemed discriminatory. On is President conformity with the court's decision last year in the Kansas Stockyards case. City in use telephone and telegraph facilities, also regulated by the Commission, since the Nearly three Commission Coal Bituminous should stations. He emphasized that the changes would affect radio* more than they would the Supreme Court included: 30 radio Chairman Mansfield 1. Other opinions of A officials regarding the possible what standards FCC on applications for appeal had been made to Congress for final clarification the 3 Democrats nominal to are was defeated interpreted who do not Deal methods to align themselves with party, which he described as "conservative they join as an in the Republican at heart." "The fighting among ourselves," the President said, fight together against the enemies of the American to people—inertia, greed, ignorance, shortsightedness, vanity, opportunism—all the evils that turn man against man." * President Roosevelt Creates Federal Real Estate Board-—Submits to Congress Report of Committee Named to Study Federal Owner¬ ship of Real Estate and Its Bearing the Federal Real on executive order an Estate Board Taxation on "and gress the Jan. on 16. of committee a establishing providing for the a to Con¬ message named by him 1935, this committee proposing the creation of Board, whose duties would be, among other things: a To study and make recommendations individual communities amounts of land regarding the situation existing adversely affected by the purchase of substantial their and consequent removal from the regular tax rolls of the county or other taxing district; to advise with Federal agencies con¬ templating the acquisition of additional real estate ; and to submit recom¬ mendations regarding the disposition of lands that are essentially in the nature of surplus property. The committee and as constituted by the President in 1935 in¬ Secretary of the Treasury, the Attorney General the Acting Director of the Bureau of the Budget. Roosevelt Seeks Changes in the to the bill on in House Lea, Interstate Senator to respectively Chairmen Commerce and at letter a Wheeler of Committees. made public in the and encountered and Repre¬ Senate and legisla¬ a satis¬ the Commission at Jan. 24, President, on present is a lack of policy by which it can guide its actions, particularly regard¬ ing the radio field. In part, these advices added: for other countries. as Codification Jan. 25 that the on internal an all measure of Internal would "enact into code which would contain revenue existing laws dealing exclusively with During the discussion on the 25, it was noted by Representative matters." revenue Mc Cor mack that the last time codification Felix made of the was in 1874. was Frankfurter Sworn in Justice Associate as of United States Supreme Court Felix Frankfurter, former Harvard University law pro¬ fessor, was sworn in as an Associate Justice of the United States Supreme Court Jan. 30 before on Government officials of an close and large gathering a In the privacy building, Mr. Frankfurter first took the oath to support the Constitution as admin¬ istered by Chief Justice Hughes. The new Justice then, in antechamber chamber the Charles of Elmore of the friends. the court court, repeated nomination the judicial Cropley, Clerk of the Court, and administer justice impartially. The Senate on Jan. 17 approved President Justice of the United States to to Roosevelt's Jan. 5 of Felix Frankfurter to be on oath swore Associ¬ an Supreme Court to fill the created by the death of Justice Benjamin Cardozo vacancy last July. Frank Murphy Appointed U. S. Attorney General Senate of new in the his United 17 by President the nomination Mr. States. the White had formal step, voted to statement House after of Attorney Murphy on was named to Jan. 1 to succeed Mr. Murphy took the oath Jan. on the approve before as 2.u Senate his that On Jan. 13 he Judiciary Sub¬ nomination, of mak¬ committee to defend handling -of the Michigan sit-down strikes. Senate By a Confirms Harry L. Hopkins of Commerce. debate, Works as Secretary of Commerce vote of 58 to 27, the Unitedx States Senate confirmed the nomination of of confirmed President Roosevelt unusual committee a Jan. Cummings, resigned. office of the post by Homer S. took on Murphy, retiring Governor of Michigan, General ing conference the same day the United Press accounts, elaborated on his de¬ pointed out that one of the chief difficulties by tariffs Providing bill in the House Jan. The "New Washington press according to mands was com¬ stability in Machinery tion," said the President, "is necessary to effectuate factory reorganization of the Commission." The States Bill volume one his sentative maintain economic Roosevelt—Senate Confirms Nomination Administrative expressed by President Roosevelt in identical let¬ addressed Passes absolute law sion" he by him The By a vote of 350 to 16, the House passed on Jan. 25 a bill providing for the codification of internal revenue laws. Representative Doughton explained during the House debate Frank which Philippines. Revenue Laws of FCC—Cites Lack of Policy in Radio Field ters United same House Dissatisfaction with the "legal framework and adminis¬ trative machinery of the Federal Communications Commis¬ was the program, islands trade preferences should not be withdrawn in 1946, but instead should be gradually withdrawn between that year and 1960, when the Philippines would be subject ate cluded the President of the of appointed the of on 17, such Quezon approval committee a mittee said that in order to internal laws In his message the President submitted recommendations Dec. in by President Roosevelt in by Jan. 14 maintenance by the Procurement Division, Treasury Depart¬ ment, of a current record of all Federal real estate" was made known expressed formulated President by internal The issuance of President was New way to avoid "is and invi¬ believe the sage, in The vote which Mr. was Harry L. Hopkins on as Jan. 23 Secretary taken only after several days Hopkins's record Progress Administration was as head of the criticized by Republi- MONTHLY KFVIEW 4 by conservative Democrats. The votes in favor confirmation included those of two Republicans, one of Independent and 53 Democrats. Those opposed comprised five Democrats, one farmer-Laborite and 21 Republicans. The oath of office was administered to Mr. Hopkins on Dec. 24. The Senate Commerce Committee approved the nomination on Jan. 18 by a vote of 13 "to 6. Mr. Hopkins was named by President Roosevelt as Secretary of Commerce on Dec. 23, to succeed Farmer-Laborite, one Progressive, one resigned. Daniel C. Roper, Confirms Appointment of James P. Pope as Member Board—Three Other Nominations Approved Senate of TVA appointment of former Senator James P. Pope of Director of the Tennessee Valley Authority was The Idaho A by the Senate 5 to fill the vacancy created removal of Dr. Arthur E. Morgan, former Chairman in the New by of the Authority. The Senate on the same nomina¬ day also confirmed the Carolina as Under Secre¬ tary of the Treasury; Preston Delano of Massachusetts as Comptroller of the Currency, and Ellen S. Woodward of Mississippi as a member of the Social Security Board. M.R. Perkins Named Head of FSCC—Succeeds J. W. Tapp, Resigned tions of John W. —F. R. Milo Ilanes of North Wilcox Resigns has Perkins R. as been Vice-President of FSCC Commodities Corp. and Agricultural Ad¬ justment Administration Associate Administrator in charge programs, to succeed Jesse W. his resignation from these positions be accepted to permit his undertaking other activities which he has under consideration, the Department of Agriculture announced on Jan. 21. Mr. Tapp will continue his present duties during the period necessary to acquaint his successor with the general administrative detail of the marketing and marketing agreement Tapp, who asked that surplus removal programs. Jan. 26 Market¬ ing and Marketing Agreements and Vice-President of the Federal Surplus Commodities Corp., has asked that his resignation be accepted so that he can take up other Department of Agriculture announced on Wilcox, Director of the Division of The that Francis R. York "Herald Tribune" of Jan, general taxi organizer for T. R. Amlie as Member of Amlie merce 23 Jam appointed to the Commission by President Taft in 1911 whose term recently epired. Mr. Amlie is a former gressive member of the House of and Pro¬ Representatives from Wis¬ consin, having served three terms. G. E. Lyons signed a one-year contract it had Guild covering employees paper appointment of Gerald E. Lyons of Cresco, The Iowa, as Deputy Governor of the Farm Credit Administration, effec¬ tive March 1, was announced Jan. 30 by F. F. Hill, Gover¬ nor of the Administration. Mr. Lyons served as General Solicitor of the FCA for a period of in about two years, ending Prior to that time he was General Counsel Neb., having joined that organization July, 1938. of the FCA of Omaha, early in 1934. —New Contract with A. F. of L. Unions Group Formed by Those Opposed to Provisions Representatives of the Hotel Association of New York the New York Hotel Trades Council, composed of six locals of the American Federation of Labor, signed an agree¬ and establishment of a The contract is the result of nearly a year's negotiation between the Coun¬ cil and the hotel owners. Some hotels, it is stated, declined ment on paper. . . . pending the negotiation of the new tinued amicably between the paper and the Guild. for a five-day, 40-hour week; regulates overtime, sets up priority provisions; calls for severance points were adjusted The contract calls sick pay, and in months will permit a Guild shop subject National Labor Relations Board. 11 of determination The vacations; and leave to sign wage scale and a union shop. the contract because of the closed shop off provisions of the agreement Hotel Association, forming the and check¬ and withdrew from the Hotel League, Inc., of York. New Busch Jewelry Stores, Inc., Signs Agreement to to The Busch Submit Differences Arbitration Jewelry Stores, Jan. 17 with Local 830 of the Transportation A. Cotillo various matters are to be discussed before a com¬ appointed by Justice Cdtillo, and the decision of the arbitrators is to be final. The Court Appellate Division of the New York State Supreme Dec. 23, by a four-to-one decision, ruled that a on picketing in a labor that the right picket is being abused through violence and coercion. Supreme Court Justice may enjoin all dispute, even when it is peaceful, if he finds to It was at the stated that the injunction against picketing expired midnight Dec. 28, and that plans were being made resumption of picketing. In its ruling, Dec. 23, for the Appellate Division sustained an injunction by Justice Salva¬ tore A. Cotillo forbidding the United Retail Employees Union and the United Optical Workers Union from picket¬ ing property of the Busch Jewelry Stores, Inc. term. Resumed in Boston, as Truck drivers and helpers in the city of much of New England was ended on Jan. 11 when the strikers accepted a compromise wage-hour proposal. Strikers had sought pay of $40 for a 40-hour week. The compromise settle¬ ment retained the former 48-liour week, but granted $39 for strike seven-day of 5,000 truck paralyzed the movement of foodstuffs Boston and hampered industry throughout which overtime allowances, as compared with $33 to $37. Had the strikers refused to accept the compromise, Governor Saltonstall of Massa¬ chusetts was prepared to declare a state of emergency. period, former scale of with Philadelphia Restrains C. Federal Judge in /. O. Union from Using Violence in Picket Line Federal Judge Oliver B. Dickinson of the Philadelphia granted the Tri-Plex Shoe Co. of District Court on Jan. 16 preliminary injunction against the Shoe Local 114, an affiliate of the Congress of Organizations, members of which have been Philadelphia a Union, Industrial picketing the company's 10 stores. The ruling restrains the union from resorting to violence and "other unlawful acts" and upheld the right of employees to with employers. make individual con¬ tracts The regarding the ruling is from the "Record" of Jan. 17: Phila¬ charging the company was reducing following delphia employees labor the strike last fall, called The union its to a "state of peonage" by making them sign individual contracts. "There can be no denial of the right to freedom of contract and the employees to join or not join the ranks of organized labor," Judge Dickinson ruled. He made a specific finding, as required by the Norris-LaGuardia Act right individual of prohibiting to Inc., signed an agreement on United Retail and Wholesale Workers Union, thus effecting an adjustment of a strike which had been in progress since last May; the differences are to be settled by arbitration. In a stipulation reached by attor¬ neys for both sides and Supreme Court Justice Salvatore mittee of arbitrators of Foodstuffs Drivers End Strike unable Employees of America and Local 208 of the Optical to the final the agreement is for a one-year new the existing conditions con¬ agreement. All of the disputed expired Dec. 23, 1938, and last contract The Jan. 18 which provides for the minimum of the news and commercial The announcement said, in part : Following more than three months of negotiation the Brooklyn "Eagle" and the Newspaper Guild of New York today signed a contract Covering the eligible employees in the news and commercial, departments of the Clerks New York Hotel Association Signs Jan. 27 that with the New York News¬ departments of the paper. the FCA Guild "Daily Eagle" announced on Brooklyn The the Appointed Deputy Governor of Eagle'* Signs Contract with New York Newspaper A on in¬ week with pay; one Interstate nominated Thomas R. of Wisconsin to be a member of the Interstate Com¬ Commission succeeding Balthasar H. Meyer, who was Roosevelt President the "union, said the union will insist on an commissions of 42%% to 45% and 50% ; vacation shorter hours; seniority rights; end of racial dis¬ crimination; health safeguards; end of employers' "strong-arm" squads; closed shop and "other improvements necessary to the welfare of the employees, and the stabilization of the industry generally." of the present in crease Free Commerce Commission 7: the activities. President Roosevelt Nominates transporta¬ Transport Workers Union announced it would request immediate conferences with the Parmelee and Terminal systems with the view of negotiating an early agreement covering wages and working con¬ ditions for the 5,500 employees of these companies. Warren G. Horie, night Last the Surplus Federal taxicab strike which hampered York ended on Jan. 0 when the Brooklyn, N. Y. "Daily selected as President of Affiliate Wins in striking drivers returned to work after an election had been held under the auspices of the New York State Labor Mediation Board to determine collective bargaining agencies for each of the 28 companies affected by the walkout. The Transport Work¬ ers Union, an affiliate of the Congress of Industrial Organ¬ izations, was victorious, in its stated, in six of the larger Companies, but was defeated in 22 companies, most of which were smaller firms. The strike was conducted in a fairly peaceable manner, with little violence reported. Results of the voting were reported, in part, as follows President Roosevelt Jan. 12. on nominated Mr. Pope on Jan. of York City Ends—C. I. O. Larger Companies New in three-day tion in New as a confirmed the Taxicab Strike and cans issuance of protect injunctions British that the police are non-striking employees. in labor disputes, adequately the company and its Gold Holdings policy with regard England and the Ex¬ change Equalization Fund that may well have far-reaching consequences. The measures, as announced in January and on Feb. 1 clearly relate .to the large exports of gold found necessary for maintenance of sterling with relation to the dollar and the French franc. It is a commonplace that shipments of fugitive funds from the London market to the United States were huge during the war crises of 1938, with the September movement exceptionally large. Ade¬ quate preparation had been made for such a tendency dur¬ ing the years since the British authorities dropped the gold anchor. The strain on sterling increased, however, after a measure of stability was introduced in French affairs by Premier Daladier and his Cabinet colleagues. The pre¬ cise amount of gold shipped abroad by England authorities and by private owners of funds who long had accumulated money in the London market is not a matter of public rec¬ British authorities adopted recently a to the ord. when gold holdings of the Bank of That the drain was enormous was a transfer of £200,000,000 indicated, however, gold, at the old valuation of I' (equal to about £350,000,000 at the 84s. 10y2d. current mar¬ of Eng¬ figure) was arranged on Jan. 6 from the Bank land to the Exchange Equalization Fund. ket when a of Chancellor would Simon which British authorities to revise upward holdings of the Bank the empower John Sir Exchequer the to market levels the remaining gold of England. Such holdings amounted to £126,400,000 when introduced, and it is anticipated that the stocks the bill was revalued be will approximately £221,000,000, maintenance by promptly to which is the market level that results from States of the United To a buying rate of $35 an ounce. a internal British cur¬ rency arrangements. Hand-to-hand British currency is backed traditionally and principally by gold, but in recent decades the circulating medium has been augmented by a "fiduciary issue" which is backed by British Government securities. The fiduciary issue is limited arbitrarily, and if gold supplies are modest then currency resiliency must suffer. The transfer of gold on Jan. 6 made necessary the bookkeeping transfer to the fiduciary issue of a large part of British currency, and the upward revaluation of British gold stocks corrects this situation. This explanation, on the other hand, seems inadequate to account for the change in British policy, for it was not immediately necessary to transfer all of the £200,000,000 gold to the Fund from the Bank, while even after the trans¬ fer was made the gold resources of the Bank still were sizable at the old valuation, and other adjustments might large degree this action is traceable to The have been made. thus appears to have a mone¬ move tary significance of its own, especially in view of the fact that the London authorities surveyed the international monetary for more than eight years after dropping scene uneasiness and closed that incident Affairs to authorities of the gold by the British be made to to £100,000,000 revision of the gold value. "profit" Foreign Two resulting close of upward from called To the amazement of Senate Military Jan. 31, in order The meeting reputedly that they were sworn to secrecy as to the statements made by the President. This wTas contested in part by Mr. Roose¬ velt, on Feb. 3, when he said that only certain military secret, and most of the Senators afterward stated information transmitted the. committee to be to was con¬ sidered secret. The statements "leaks" fusion and such was clusion incline to as Mr. that divert attention has the meeting York members of America in democracies in case and and in of reported to was and England and con¬ involving these frontiers France conflict of need aid in the Committee materials. manufacturers members way under¬ the unlimited sale by Amer¬ munitions and airplanes to France and England on a cash-and-carry such countries as The not, the the actual apparently inevitable showdown dictatorships. He sketched the stood the President to propose "would or France as regard of democracy the two countries might basis." justified are such lines. to an situation munitions to wThich he into "In his talk with said the Washington correspondent of the its that con¬ deliberately troubles "Times," "President Roosevelt asked cluded suspicions precisely along was to the observers to the even graver international country committee," ican sensational that seeking wras domestic the Whether such preparedness of so were shrewd some Roosevelt from plunged the outlook. result the at occurred, and brought about great con¬ considerable acrimony. The sequence of events promptly arms, impression conveyed was that Mr. Roosevelt short of war, to back conflict with the dicta¬ to every possible length, go democracies of Europe in any The view of world conditions which the Presi¬ torships." dent is said to have conveyed was described as important developments relating to the foreign pol¬ President States, the White House, the to United the members 17 a expound his views to that body. was the Policy the Committee between use test flight. a within occasioned Roosevelt The transfer of a Fund from the Bank made it emphatically clear that the authorities will continue cheerfully to make gold available in the settlement of inter¬ national accounts, and a long step thus was taken toward exchange stability and the retention of gold as a medium of settlements. Taken together, the incidents can only be regarded as reassuring. There is no indication as yet of the on French official was aboard the airplane and was injured in the crash. On in¬ quiry it appeared that the French military representative observed the flight on what amounted to Executive permis¬ sion and authority. Perturbed by the furore which this frontier by the United States Treasury. owing to type of American bombing airplane new a California military and diplomatic experts, all intents and purposes huge amount of metal to the policy were Jan. 23 on crashed in have is fixed foreign our partly accidental and wholly unfore¬ The train of events was set in motion largely be¬ seen. of to as in the closing days of January, acute, as cause In valued at the rate which to policy Executive intentions was dis¬ the of clarification incidents New to be of foreign trend the to as information full for need for the gold standard before making a further monetary move. effect, the Bank of England gold holdings hereafter are created was and clarification was demanded. The equally significant was a further step on Feb. 1, bill was introduced in Parliament at the instance At least of 5 MONTHLY EEYIEW Feb., 1939] "truly alarm¬ Other circumstantial reports of the presidential com¬ to the committee were sufficiently similar as to indi¬ ing." icy of the Roosevelt Administration occurred in January, with a wholesome airing of the dubious and uncertain pro¬ gram altogether likely in the future. The President devoted much of his address to Congress on the State of the Nation, Jan. 4, to a survey of foreign affairs. The statements made by the President then occasioned considerable rest¬ ments lessness, for he called for a sharp increase of the military establishment without indicating precisely why such action American should be necessary. the United States aroused angry amazement, while in Italy late events Roosevelt in is Far significant, however, more were January, which made it clear that Mr. by views which might easily plunge guided the United States into warfare with the totalitarian States of effect, world. the It appeared that the President, in already has aligned the United States fully with the British French side of the European balance. and doubtless was moved In so doing he by the nation-wide sympathy of this cate beyond ered was Needless French of mandate from the people, for they were most to the American tradition of avoiding European commitments and entanglements. The tained sor presidential address of the State of the Nation con¬ ominous warning in vague terms against aggres¬ an governments and the modern means of warfare at their our religious and our minds, he said, to save institutions, for "we know of the United States if the new democratic what might happen to us philosophies of forces were to encompass the other conti¬ nents and invade were not our named, it own." was Although the aggressor States sufficiently obvious that Mr. Roose¬ velt had in mind Germany, Italy and Japan. Because the world has grown small and weapons of attack are President forces and sudden ties defenses attacks essential "adequate for argued strong enough swift, the Our to armed ward off strategic positions and key facili¬ against to be must defense." insure sustained resistance and ultimate The organization and location of those victory, he declared. key facilities must be such, he argued, that they may be immediately utilized and rapidly expanded to meet all needs without danger of should not intervene serious interference. elsewhere due cognizance should be taken velt insisted. "At the very should avoid any action, encourage, assist or or build Although we against of acts of aggression, such acts, Mr. Roose¬ least," he said, "we can and any lack of action, which will up an aggressor." The message loudly praised in England and France, but denounced by the totalitarian regimes, which saw in it a threat of was economic sanctions. In the United States a good deal of circulated said to view the satisfaction, while the In Berlin the reports from were of "war-mongering." One sec¬ that proclaimed promptly press the Panama Canal must be considered the frontier of the RofaeBerlin axis, in view of Mr. Roosevelt's comments. At least domestic reaction to the re¬ ported comments by Mr. Roosevelt. In the Senate the in¬ equally significant the was sistent demand was made that the veil of secrecy of foreign conduct the remarked Feb. 1: be lifted Senator Johnson affairs. of "Good God, do you not, gentlemen, think the American people have the right to know if they are going down the road to war?" The storm of indignation was such as to overwhelm Administration defenders, who merely maintained that Mr. Roosevelt had entered no secret political commitments and that nothing vital had been concealed from the public. We must make up command. incident extreme accused was Italian the California contrary this circles with openly jubilant. President the tion official tendency were racies find themselves. assuredly of reports say, British typical. from to exceed any to swiftly through European Chancelleries, and reactions were country for the predicament in which the European democ¬ But his actions nevertheless seemed doubt that the general impression thus gath¬ a substantially correct. The to mounting on indignation finally, moved the President peculiar artifice on Feb. 3. At a press conference on that day he was asked about foreign policy, and immedi¬ a ately proceeded to launch into a bitter denunciation of his critics and congressional Mr. Roosevelt asserted of "newspaper-owner agitators." vehemently that he had been mis¬ represented, and he described as a lie the report that he placed the frontier of the United States in France or had on the River "deliberate Rhine. fake," The President labeled the story a "bunk," and he asked the press correspondents to produce the "boob" who started it in circulation. He thereupon stated that the foreign policy had undergone no change since his expressions in the ad¬ and dress on the State of the Nation. of the He dictated policy which he permitted the a statement representatives to quote. It is as follows: "No. 1: We are against any entangling alliances, obviously. No. 2: We are in favor of the maintenance of world trade for everybody, all nations, No. 3: We including ourselves. with any ments. sympathetic world." are in complete sympathy and every effort made to reduce No. 4: economic press As with and a the social or limit arma¬ Nation—as American people—we are peaceful maintenance of political, independence of all nations in the This over-simplified declaration stands, of course, MONTHLY REVIEW 6 in sharp contrast with the assertions made by Senators of the Military Affairs Committee, and it was not lost upon observers that the President delayed 48 hours in making it and issuing blanket denials of reports of the conference at the White House. It was accepted by most informed observers that Mr. Roosevelt found his position awkward of the intense opposition immediately by his reported attitude, and after testing national sentiment through the reaction preferred to deny his atti¬ as a consequence aroused The methods tude. ther adopted by the President aroused fur¬ Congress, where every indication was indignation in given early in February of a thorough airing of the White House conference and of foreign policy in general. German-American Relatione signs during January of a modest improve¬ ment in the official relations between the United States and There were German Governments, which last year reached such a point of strain that Ambassadors were recalled mutually for con¬ sultation their in capitals. respective Whether the im¬ provement will continue is a question, however, in view of the apprehensions occasioned in Germany by the revela¬ Roosevelt's apparent intentions of aiding the European democracies to arm against possible attacks by the totalitarian regimes. It was announced in Washing¬ ton, on Jan. 14, that an exchange of notes had taken place with Berlin regarding unfair treatment of Americans within the Reich, regardless of racial extraction or political views. In response to the American representations the of Mr. tions German that insisted Government international law does discrimination against foreigners within a given country, but it was conceded that treaty pledges would cover alleged cases of discrimination against Amer¬ icans. Such cases would be investigated and settled, the not toward of exchange notes, texts Austrian for responsibility regarding In its latest note the German miss the relief loan of Government States the which of These communications continued 25. Jan. were published the controversy dollar obligations. Government attempts to dis¬ $26,000,000 extended by the United of its "specific nature." The because of intention discriminating against Americans on other Austrian obligations was denied, but it was added that adjustments must be made in the rates of loan service and arrangements based on the prevailing passivity of the German trade with balance State the contentions the United States. To these Department replied that it saw no consideration the relief indebted¬ ness. As to Austrian Government, municipal and corporate dollar bond issues of about $39,000,000, the note disputed any connection between the balance of trade and the pay¬ reason for leaving out of ments to the creditors. tions were It was remarked that these obliga¬ fully serviced prior to the annexation of Austria by the Reich, and Germany was urged to extend to Amer¬ ican bondholders treatment no less favorable than that accorded other nationals. Troubled Europe The scare European political scene shifts rapidly from war to war scare, and January was not without an inci¬ dent of this nature. of Barcelona fell Toward the end of the month the City to the Spanish insurgents, who for more than two and a half years have battled with the loyalists, largely through the aid extended their side by Italy and Germany. The German internal situation appeared to be crisis, owing to the dismissal of Dr. HjalSchacht from the Reichsbank presidency. Demands by moving toward a of the opinion that had been problem!,"* and it also was maintained that the Spanish question wasleft in abeyance. In his report to the British Parliament on the visit, Mr. Chamberlain agreed that nothing had been settled, but he contended that the personal exchange had been most valuable. Especially significant, said the Prime Minister, was the obvious friendliness of the Italian solution a of demands for Italian no progress "Mediterranean the people, which suggested great for England. goodwill among the people s^ch French territories position in France greatly strengthened by the Italian atti¬ M. Daladier set which had been planned earlier but which gained in importance because of early policy forth upon a to Tunisia, French The Premier was greeted Jan. 2, where he stopped off He then proceeded to Tunisia, where he assertions. Italian the Thereafter in the month. visit of State enthusiastically at Corsica to test sentiment. on inspected the defenses on Jan. 4 and 5, and also was hailed all and sundry. After returning to (Paris the French by Premier engaged in further conversations with the British Secretary, who stopped in the Prime Minister and Foreign French erally capital on their return from Rome. It was gen¬ in European dispatches that no progress "appease¬ reported resulted from these various exchanges toward an ment" of Europe. Europe likewise was the scene of many official Eastern exchanges, chiefly with the "axis'* Powers that lately have gained virtual control of the destinies of that part of the world. The Polish Foreign Minister, Josef Beck, paid a 5 Jan. Chancellor Hitler, in the latter's airy Some observers saw in this meeting a veering of Poland toward greater friendship with the Reich, but most were agreed that the trip was merely incidental to the Polish aim of remaining on equally good terms with Berlin and Moscow. Prague and Budapest on to retreat in the Bavarian Alps. reports told, early in January, Czech and border clashes between of along the new border that resulted from the cession of Czech territory to Hungary, but Hungarian troops, break was averted, probably through German The Hungarian Foreign Minister, Count Stephen Czaky, paid a visit to Berlin on Jan. 18 and 19, and the announcement thereafter was made that Hungary had joined the anti-communism arrangement of the Reich, Italy and Japan. Germany sent her Foreign Minister, an open pressure. Joachim return Reich The Ribbentrop, to Poland late in January for von and Rumania well were understood anxiety, in the fear that positive and peace-menacing dec¬ larations be made. might The Reichstag was the sixth anniversary of National-Socialist Recovery sessions of the month. High officials of the various governments flitted about in Europe throughout January, with the obvious intent of making new arrangements in the light of the growing power and prestige of Germany and the Rome-Berlin axis. Most important of these journeys was the one undertaken by the British Prime Minister, Neville Chamberlain, and his Foreign Secretary, Lord Halifax. After stopping at Paris for preliminary conversations with Premier Edouard Dala¬ dier and his associates, the British spokesmen arrived in Rome on Jan. 11. Long conversations followed with Pre¬ mier Benito Mussolini and Foreign Ciano, but a brief official statement that "no new on Minister Galeazzo Jan. 13 said merely commitments, arrangement or agreement had entered into by either country." Views were exchanged and each side had gained an understanding of the other's viewpoint. Foreign press correspondents in been asked or rule. The speech, however, turned out to be reasonably pacific, and quite line with in discourse by one Hitler's Herr custom close that he phases of German affairs. It was called commentator "one of the most confusing and his demands for The German reaffirmed declared The Eastern European colonies, German ties with Italy and Japan, and hopes problem was omitted for when has interminable of all on the equally emphatic in the two closing business called into special session to hear the Fuehrer, in commemoration of apparently to be made by the totalitarian regimes of Europe. Finally, Germany's Chancellor decided to address the Reichstag of the Great Germany created by the Aus¬ trian and Czech acquisitions, and in advance of the speech on Jan. 30 keen apprehensions prevailed everywhere as to almost at since King Carol has moved harshly against own country. Italy's For¬ eign Minister, Count Galeazzo Ciano, visited the Yugo¬ slavian capital in the week ended Jan. 21, but only the usual expressions of amity followed. In this uncertain and rapidly shifting situation the speech by Chancellor Hitler on Jan. 30 was awaited with keen reiterated New York in the week from Jan. 22 to 28. be German-inclined fascists in his speeches of Herr Hitler's career." and to loggerheads, Fuehrer was a visit, and the result of that incident is not yet clear. oracular Actually, Chan¬ more reasonable But shivers of apprehension ran through the world in advance of the event, and the fear was general that a "February crisis" would eventuate. Stock markets tumbled in London, Paris Tunisia r tude, and he received a heavy vote of confidence on foreign Italy for territorial concessions on the part of France had set the world thinking about the new line of demands possible assertions and warlike maneuvers. cellor Hitler made a speech that was far than most observers had thought likely. as Nice and Savoy, as raised last year by Italian Deputies and street crowds, remained much in evidence during January. Premied Daladier found his political Corsica, visit The Reich-United Sties debt question was revived in an mar were made preclude German note added. all Rome a avoided, Herr long peace. to the extent that that save Hitler declared that the area was Reich friendly frontiers to the North, West and South. usual fanatical assertions about made were Jews. now The The Chancellor discoursed generally on a redistribution of the riches of the world, in accordance with the number, cour¬ and worth of Scathing comments were in¬ in Great Britain and the United States who have expressed abhorrence of the meth¬ ods used by Herr Hitler and of his fanatical tendencies. The emphatic declaration was added that the. trade rela¬ tions of Germany with Latin America are of concern only age cluded to the immediate the United caused peoples. regarding eminent a persons parties. States, An olive branch was held out to despite the strain in relations which mutual withdrawal of Ambassadors. admitted, in Herr Hitler German internal affairs, that the situation is acute and that Germany must "export or die." Prime Minister Chamberlain of Great Britain attempted a survey of to restrain the rumor mongers and to minimize the war fears, several days before Herr Hitler made his Reichstag address. In on Jan. 28, Mr. demands by the European dictatorships. Any aggressor who attempts to gain world power by war will find the democracies aligned against him, Mr. Chamberlain declared. He made also the Chamberlain sensible a speech warned observation at Birmingham, against that "the extreme air is full of rumors and suspicions which ought not to exist." In a full debate on foreign policy before the House of Commons, Jan. 31, Mr. said Chamberlain Hitler that he by Herr speech the of definitely got the impression that it was not the speech of a man who was preparing to throw Europe into another crisis." The long period of European uncertainty "very and makes anxiety to reestablish confidence, difficult it of of "before we enter upon a general settlement differences, satisfactions of aspirations, and removal added, he Mr. Chamberlain made it clear that he desired of pacific intentions on the part of the German Government, and he hinted that this should con¬ sist of disarmament, or at least of arms limitation. The situation thereafter was obscured by the sensational dis¬ grievances." evidence some to the foreign policy of the Roosevelt Administration, and at the end of January the in closures Washington as position was chaotic, with President a_dding not a little to the chaos. Roosevelt's attitude of state Nations Council in the present troubled organization still serves as a The Council met on Jan. 16 and until Jan. 21 heard representatives of the Spanish loyalists object to the attitude of so-called "neutral" gov¬ ernments in the civil war, while Chinese delegates argued with equal vehemence against the Japanese aggressors in the Far East. The Spanish Foreign Minister, Julio Alvarez del Vayo, requested that the arms embargo be raised by France and England on shipments to the loyalists. He asserted that all non-Spanish combatants were being with¬ drawn from the loyalist forces and returned to their home countries. The eminent Spaniard waxed especially elo¬ of the the world, Geneva sounding board for grievances. quent in a denunciation of airplane bombing of civilian populations, which he attributed to Italian airmen. Chi¬ nese delegates urged action by the League against the Japanese invaders of their country, and it was suggested also that financial aid should be given China, along with these with pleas sympathy, some but took effective no f|om the annexation by Chancellor Hitler Czechoslovakia. speech of Jan. 30, for that address was devoted in part to a survey of the position, which was described as critical. The Ger¬ and th©> industrial Austria admitted Hitler Fuehrer man is won, die." his assured sections of much in his Reichstag as hearers that battle already the but lie also warned that Germany must "export or No less significant was an abrupt dismissal on Jan. 20 of Dr. Hjalmar Schacht from his post as Reiclisbank. the of President brilliant German banker The re¬ was placed by Dr. Walther Funk, who succeeded Dr. Schacht late in 1937 as Minister of Economics. "Special tasks" are be to assigned according to the German Schacht, Dr. to periods. of days January all of Dr. offices, and they were replaced by 100% their relieved of Another Nazis. described German in "revolutionary" as Jan. effected change 22 through affairs informed by an enforced that observers conversion of was was the officers' corps into little more than an arm of the German National-Socialist party., These and other indications sug¬ gest that the most extreme wing of the Nazis is in full command, and one consequence already is apparent in a of inflation along the lines fear growing of the terrible Figueras, Feb. 1} and decided to continue the war, but at • Military war were conflict Civil soon may end with victory for the insurgent Gen¬ a the The offensive which the insurgents the and the importance vast ments of maneuver up the Yangtze River, but The defense concentrated officially opening a new highway to British Burma, which would free from interference by the Japanese and thus would Japanese forces pushed slowly little made on be assure is supply line for the a their there of month it debated predict a were in progress, and it is too early to complete collapse of the loyalist defense. Barce¬ lona, however, was the key of the loyalist movement, since that industrial center furnished most of necessary the war for the struggle on the loyalist side. tinued resistance by the Government forces thus materials Long-con¬ seems im¬ probable, and Europe seems destined to face the existence of still another fascist Berlin The regime, closely allied with the Rome- axis. international eral Paris on sev¬ occasions by requests for the loyalist Premier, Juan Negrin. The opening of the Franco-Spanish frontier indi¬ cated clearly that the loyalists were in desperate straits. But the British and French held to their position and, like \ f by the United States and British against these contentions, Japanese spokesmen insisted a order" in Eastern Asia must be recognized by "new Powers. Western the Steel Trade—Non-Ferrous Metals Operations were well sustained by the steel trade in January, considering that the month usually has an irregu¬ Non-ferrous trend. issue of Jan. 26 "Failure in of January metals the "Iron steel that business the steady were Age" more to firm. In stated in part as fol¬ generally optimistic to attain the had expected chief among which be due to several circumstances, private enterprise in the face of continued is the caution of uncertainties at close watch is not home regarded and being kept had full yet independence on abroad. on In the domestic scene the new Congress, which has opportunity to demonstrate its asserted certain New Deal policies that have been discouraging to business. The steel price to be having little or no bearing on current steel purchases, despite published reports to the contrary. situation Careful as seems investigation by the 'Iron Age' discloses no new price weakness, but instead a firming up of quotations that were weak during much of last year. Rail¬ elements to London and available time to come. Much regarding the credits to long a Tokio in "parallel" diplomacy whereunder Great Britain, France States insist up-on the validity of the NinePower treaty and maintenance of the open door in China. for directed to for on and the United road were go existed the implications of this situation are farreaching, but apparently have been taken into due consid¬ eration by the British and French Governments. Appeals munitions At Tokio the Diet Governments, and equal significance was held to attach to may events will made China be momentous General Wu Pei-fu minor indications that aspects of the Chinese "incident," which all some apprehension pace German forces who rendered aid to their ally. The Valencia-Madrid salient remained inactive while these Chinese. Invaders of China find leading spokesmen for Chinese to head a puppet-regime at Nanking, were agreed are was Italian and to endeavors succumbing to the Japanese pressure. lows: end progress. hapless and the the left was territory nominally under Japanese control, of such tactics was revealed in move¬ by the invaders against the guerrillas. out its At The Chinese defense such movements. largely to the guerrilla forces that are operating through¬ lar evident that the remnants of the loyalist armies would unable to stem the advance of the insurgents and the in the Far East¬ either on hampers loyalists, who disorder. East indefinitely. Large-scale operations were side, possibly because wintry weather struggle lacking the City of Barcelona was surrendered by the in developments are military situation, where the Japanese continued their efforts to pacify China and the Chinese Nationalists and Communists manifested every determination to continue started against Catalonia reached its peak on Jan. 26, when northward fresh and one no ern that War developments in the long-drawn Spanish civil such as to indicate, in January, that the bloody eral, Francisco Franco. fled deceived gesture likely to follow rapidly in Spain. As episode of 1923. Spanish The loyalist Cabinet met days of the Catalonian defense. the the remaining Schacht's colleagues and supporters in the Reiclisbank were shutting it In general, however, the loyalist refugees and troops wrere permitted to enter France and thus escape even worse horrors than they had to endure in the closing for brief tasks. the with respect to the authorities vacillated, French France. frontier, keeping the border open at times and continued In quickly than most mili¬ probable, in view of the able skilful tactical maneuvers of the loyalist command. The drive of the insurgents started on Dec. 23 and was pushed with prodigious. vigor and a seemingly inexhaustible supply of war materials. The in¬ surgents had complete command of the air and bombed Barcelona daily, killing scores of civilians. Loyalist de¬ fenses were crumpled up, line after line, and in the final week of January it became evident that the defense of Barcelona would prove inadequate. The city finally was given up almost without a shot in defense, on Jan. 26, and it was only a question of a brief time thereafter when loyalist troops and civilian refugees began to pour into statement, but there is no indication of the nature of such _ preferred to take a "wait tary experts had considered defense of Madrid and the Far strains within the "Great Germany" growing economic that has resulted the and skepti¬ attitude. see" Little change occurred during January important indications were available in January Several Herr These accounts aroused much factories. cism, and best-informed observers Economy German of Italy desires no territorial gains as a consequence of extensive aid rendered the insurgents by his troops munitions either sphere. action in of The Council noted obtaining war materials. facilities for embargoes on arms shipments to The fall of Barcelona came more little significance attaches to the meetings Although refused to modify their either side. It is reported, moreover, that Premier Mussolini insisted upon an insur¬ gent victory in his talks with Prime Minister Chamberlain, early in January. Rome dispatches stated that such a set¬ tlement of the Spanish conflict must take place, in Italian opinion, before fresh advances can be made in the direction of European appeasement. Efrom several le_ading European centers came rumors that a four-Power understanding might follow, when the Spanish war finally reaches its end. Premier Mussolini was depicted as maintaining that Government, States United the and Council League the League of 7 MONTHLY REVIEW Feb., 1939] of buying is bringing out the largest tonnages, the auto¬ industry being content to order relatively small mobile lots as it carefully watches retail sales as a guide assembly schedules in February." The magazine "Steel"' fill-in 6 said in substance: "Buyers continue' conserva¬ generally buying for a short distance ahead. Never¬ theless, business is fairly well sustained, with small gains on Feb. tive, shown in some instances. Bars are moving better, and 8 MONTHLY KEVIEW additional railroad orders have been placed. some A quiet orders for the first and 9%, four weeks of the current were year market in sheets and strip is in prospect for a brief period, since mills have worked off heavy backlogs accumulated 32%, last During the week ended Jan. 28, 1939, a total of 539 mills produced 180,005,000 feet of softwoods and hardwoods com¬ quarter need of and extra some consumers are Unfilled tonnage. not immediately in business structural in shapes and reinforcing bars remains substantial, but new bookings have moderated. The automotive industry also is following a cautious buying policy, placing only small lots. Automobile larger than in promises to be the East. production the January month same outlet good a in last for steel products scheduled or for pending for vessels placed early closing. Rail producers have accumulated backlogs which appear large in compari¬ with small tonnages ordered a year ago, with additional son purchases in Iron steel and sight. Finished steel markets scrap are from $14.92 to $15.00 a gross ton Age" composite price of steel scrap to $14.87%, which compares with prices continue firm. quieter." After rising on Jan. 17, Jan. 31 on the "Iron reduced was $14.00 in effect the corresponding bined ; shipped 202,685,000 feet, and booked orders for 199,321,000 feet. Revised figures for the five preceding weeks follow: • •. No. a Production Shipments Mills (.Feet) (Feet) 543 Week Ended 186,113,000 204,870,000 196,221,000 211,724,000 216,792,000 of in About 75,000 tons is recently above period, of 1938. Shipbuilding year. heavy respectively, 65% about was 16% year Jan. 21, 1939 - Orders Received . (Feet) 14, 1939 537 178,460,000 7, 1939 538 161,016,000 533 156,769,000 124,998,000 1^9,350,000 31, 1938 168,566,000 157,682,000 533 180.251,000 189.276.000 180.217.000 Jan. Jan. Dec. Dec. 24. All 1938 regions but West Coast Northern Hardwood and re¬ ported new orders above production in the week ended Jan. 28, 1939; all regions but West Coast, California Red¬ wood, Northern Hemlock and Northern Hardwood reported shipments above output. All regions but Southern Pine, previous. No changes were- made in the "Iron Age" com¬ posite prices of finished steel and pig iron, which held at 2.286c. a pound and $20.61 a gross ton, respectively, as reported orders above those of the corresponding week of 1938. All regions except Southern Pine and Redwood re¬ compared with 2.512c. for finished steel and $23.25 for pig ported shipments above last iron at the close of January, The operating rate of 1938. steel Pine having approxi¬ companies mately 98% of the steel capacity of the industry, accord¬ ing to the American Iron and Steel Institute, was scheduled at 52.8% for the week beginning Jan. 30 as compared with 51.2% for the preceding seven-day period; 52.7% for the week Jan. for beginning Jan. 16; 51.7% for the week beginning 50.7% for the week beginning Jan. 2, and 38.8% the week As to non-ferrous metals, "Metal and Mineral Markets" reported during the month in substance as follows: Senti¬ in ment circles as the month ended reflected an improved undertone because of less threatening news about the copper European political situation. Prices in London were higher, and producers here found better inquiry for copper from small domestic consuming interests. Sales in the do¬ mestic market during the week ended Jan. 3 ajmounted to 3,662 tons of copper; 3,105 tons for the following week; 3,160 tons for the week ended J an. 17; 4,104 tons for the week ended 31. Jan. Jan. Total 15,507 tons as 24, and 4,356 tons for sales of domestic the week ended in January were against 15,080 tons in December and 10,841 copper tons in November. maintained on Buying of lead and towards 5,716 The domestic quotation for copper was the basis of 11.25c., Connecticut Valley. generally quiet, except at the beginning of the month, with sales amounting during the week ended Jan. 4; 3,102 tons was the close tons during the following the week ended Jan. Jan. 25, and 7,061 seven-day period; 2,667 tons during 18; 2,874 tons during the week ended tons during the week ended Feb. 1. Continued lethargy in prices in the London market, which a lack of satisfactory consumer buying here, influ¬ caused sellers enced to 24 from Jan. reduce 4.85c. to tlie price' of lead 4.75c., New York, 10 points on but the renewed activity in this metal toward the close of the month brought abotft a return in the price on Jan. 31 to the 4.85c. basis. Sales of the totaled common grades of zinc in the domestic market 3,024 tons, and shipments 5,141 tons for the week ended Jan 7; sales 2,259 tons and shipments 3,959 tons for the next seven-day period; sales 1,265 tons and shipments 3,858 tons for the week ended Jan. 21, and sales 1,384 tons and shipments 3,460 tons for the week ended Jan. 28. Shipments for January in common grades of zinc are ex¬ pected to be around 17,000 tons. Quotations for Prime Western on tlie showed 3,686 zinc basis remained unchanged throughout the month 4.89c., New York. The January statistics of increase in an long tons, the world's while United visible States for the month amounted to in December at New 45.15c. and 4,330 tons as compared with 3,400 tons 5,550 tons in January of last year. Tin York, after rising to 46.80c. on Jan. 6, dropped to Jan. 26, but recovered some of the loss during the on remainder Tin-plate of the month operations and were closed said to at be 46.45c. at on Jan. 31. about 45% of gional Lumber associations hardwood and Manufacturers covering softwood mills. the Association operations Production of was from re¬ important about 63%, shipments about 70%, and new orders about 62% of the corresponding figures for the same week of 1929. Reported production, shipments and new orders were, respectively, 30% above, 11% above and 1% below the corresponding week new and of 1938. orders 2% For were, less than softwoods, production, shipments and respectively, 32% greater, 10% \ greater in the same week of last year. New business (hardwoods and softwoods) and shipments were, respectively, 11% and 13% above output in the week ended Jan. 28, 1939. Reported production, production above week. Bank of Boston, in its "New England Letter," under date of Jan. 30, discusses these markets as follows: "Shoe ahead production of the the last in of 1938 quarter corresponding period 32% was the preceding year. This hyought output for the 12 months up to a level only about 6.5% below the record production of 1936. While sales retail in output, of footwear hands of distributors a year have of kept pace silghtly and quantities of spring been ordered, and factories temporarily filling the delivery specifications. maintenance of with the rise stocks in the reported to be below the level of are Substantial ago. not have improved they prices Retailers last at shoes very busy are ful¬ emphasizing are season's have level so that manufacturers have been to keep their subjected to considerable pressure quotations unchanged on both initial own bookings and early reorders. restrict profit higher in This lias had margins, since meantime. the leather tendency to a prices have moved "Tanners of most kinds of upper leather are being rushed to make prompt Calf in delivery on colors for wanted orders placed several weeks ago. women's spring footwear and patent leather have been in particular demand, while side leather and and kid linings Prices of response. tanners been slower have met with favorable a grades have moved much higher, to operate at a rate substantially continue for the greater part also some above the low point of a year Many ago. of the current sold ahead are Sole leather has season. to respond, and quotations in this line have slightly irregular, presumably in reflection of heavy of leather last fall and the subsequent increase in production despite a more-than-seasonal decrease in the use been sales of leather. "The hide futures market declined precipitately in the early weeks of January as soon as the bulk of the buying of shoes and leather for spring had been completed. News from abroad also was an unsettling feature. Future con¬ tracts moved more than 2c. per pound lower, thereby eras¬ ing the entire gain of the preceding six months. Trading in packer hides was relatively slow and prices softened. The decline severe in in due Buenos the Aires market has been less part to the seasonal improvement in quality of take-off in that hemisphere." Grains Narrow price wheat markets movements again characterized domestic during the past month. The general under¬ tone, however, was steady except near the close, when prices eased fractionally. The main factors responsible for the steadiness wheat the wTere crop and the influences, however, of the conditions unfavorable political were month, when much needed industry during the week ended Jan. 28, 1939, stood at 55% of the 1929 weekly average of production and 64% of average 1929 shipments, according to reports to National reported modified there and outlook tension an was a for the abroad. winter These two during the latter part turn for the better in improvement in the European political atmosphere. Lumber Movement The lumber the and all except Northern year, Hardwood Hides, Leather and Footwear weather capacity at the close of January. Northern and The First National supply of tin of deliveries Pine, Northern Hemlock and Northern Hardwood 1938 the 9; beginning Dec. 26. At the close of January of 1938 operations were reported to be between 32.7% and 30.5% of capacity. to Western shipments and new Rain and snow gave the Southwest moisture, while Herr Hitler, in his Reichstag speech, assumed been expected. a much less militaristic attitude than had Furthermore, overhanging the market was the price depressing influence of Argentine grain, although the offerings from that country have been unexpectedly light. While present world prices unquestionably are un¬ satisfactory to world producers, it i_s pointed out that it would be doubtful whether the Argentine would have any¬ thing to gain by delaying the marketing of the crop in the hope of obtaining better prices. World exportable surpluses are tina so greatly in fails to excess market of importing needs that if Argen¬ the bulk of her exportable supply in the first half of this year and is forced to sell in competi¬ tion with Northern Hemisphere countries in the last half of the year, the effect upon prices would no doubt be very adverse. left for As things stand at present, Canada still has shipment between now and July more than half ■ * Feb., 1939] MONTHLY EEYIEW of her exportable of mate the surplus for this Bureau latest esti¬ The season. ness of Agricultural Economics places the aggregate available amount of wheat, excluding Russia and China, at 5,090,000,000 bushels. The demand is expected to be sufficient to will be take a carryover would establish it high record, the have of the Ribbed lessened tension stand. meetings of the Interna¬ tional Wheat Advisory Committee produced nothing in the way of definite developments. Corn, oats and rye moved irregularly lower during the month. In regard to corn, trad¬ appeared to be waiting for signs of a better export de¬ mand. Since improved weather conditions, including bene¬ ers ficial rains in Argentina several weeks ago, export sales from the United States have dwindled. Importers continue to show an inclination to wait until the Argentine crop is harvested this spring, especially so after the recent im¬ provement in the crop outlook in that country. the May wheat option closed on Jan. 31 at In Chicago 68%c. an opening price of 69%c. and Jan. 2 holiday.) At at 62%c. on Jan. 31 at 3. Jan. on May compared with oats closed at 28c. May with 3. Jan. on May an as on opening an on on of 52%c. with compared rye opening of 48%c. an against as in Chicago closed opening corn 50M»c. 30^c. (Jan. 1 was a Sunday Winnipeg the May wheat a option closed of 63c. against as Jan. 3. on 31 Jan. 3. opening an closed at 45%c. Jan. of compared as Jan. 3. Sugar The market for sugar "futures" continued its downward during the past month, with trading more or less Producing countries continued to press offerings on course quiet. Textiles Spottiness rather Cuban in sugar cut in duty, and by the slow the American market. the Cuban It duty would not demand was take for rumored refined that the place until April. The light withdrawals of refined encouraged estimates that the January movement would be the smallest in several Thus, the immediate outlook years. market was for the domestic sugar viewed by some authorities as unfavorable, with the hope of Administration aid for the sugar price structure constituting the chief factor on the constructive side. Sales of Cuban raw sugars during the month were volume, and consisted of the following, all exclusive of duty: On Jan. 5 prompt shipment at 1.95c. c. & f.; on of small Jan. 6 late January shipment at 1.95%c. February shipment at 1.93c. c. & f. list price for refined, immediate 4.30c. 4.45c. until Jan. 5, f., and on The wholesale delivery, to & c. Jan. 20 was when the range quoted was at changed to 4.25c. to 4.45c. Prices remained at this level until Jan. 11, when they were lowered to 4.15c. to 4.30c. On the following day the 4.25c. to 4.30c., where it remained until Jan. 31, when it was changed to 4.20c. to 4.30c. range was quoted Prices in the market for coffee in the must erately lower during the past month. little was actual pressure on the market, worked mod¬ However, there was and the easier trend attributed largely to the apathy of roasters, who peared to be well supplied for current requirements therefore were not active in the market. It was that the ap¬ and reported National Coffee Department in Brazil would cur¬ tail daily receipts at the port of Santos from the interior of Brazil until port stocks were reduced to about 2,000,000 bags from the current level of around 2,475,000 bags. This development was considered to be constructive, as it should in due course help to strengthen the price structure. No. 7 Santos was quoted on Jan. 31 at 7c. against 6%c. Dec. 31; 7@71/ic. Nov. 30, the same as on Oct. 31; 6^@7c. Sept. 30; 6y2@7%c. Aug. 31; 6%@6%c. July 30, the same June 30, May 31 and April 30, against 6}4e. March 31; 8y2Jg9c. Feb. 28, and 7^4@7y2c. Jan. 31. as on No. 7 Rio Dec. 31, Sept. 30; June 30 was quoted on Jan. 31 at S^c., the against 5%c. Nov. 30, the same as on same as Aug. 31; 4%c. July 30, the same as on May 31; 4%c. April 30; 5^4c. March 31, and 5y>c. Feb. 28, the same as Jan. 31. Crude rubber followed an easier trend, largely under the of the decline in sterling and the influence scene. recurrent over the trend of events in the European political Favorable statistical developments such as the large in the United States consumption for December increase which amounted to 45,315 tons as compared with only 29,195 tons in December, 1937, and the continued high pro¬ duction rate in the United States automobile little effect on the market, in view of the interfered as result a somewhat of severe with store into as compared with last year, the fact that account the general retail substantially below that of 1938. price Whole¬ showing a seasonal improvement, remained below expectations, as both retailers and jobbers, notwith¬ standing the moderate level of inventories, continued cautious very in covering stead to await ther trend within more of nearby requirements, preferring in¬ definite indications concerning the fur¬ business. Raw cotton in January moved a narrow range, although considerable divergence in the trend of quotations for nearby and distant deliveries manifested itself, largely due to the. artificial situation cre¬ ated by the movement of the bulk of the current crop into the Government loan stock, on the one hand, and to grow¬ ing uncertainties over the future handling of the cotton problem by Congress, on the other hand. The convening Congress brought in its wake the introduction of numerous proposals to deal with the cotton crop prob¬ of the new Added to these representatives were reports of conferences of grow¬ Government officials advocating with continuation of the present a well as Council of loan recommendations Government loan policies, as by the National Cotton adopted favoring the release of 1,500,000 to 2,000,000 bales cotton exceed 5c. a annually pound with bonus a to not growers to as a payment for reducing their acreage below the area planted last year. Exports, in the mean¬ time, continued their extremely unfavorable showing, with the total during this season to Feb. 3 now amounting to only 2,221,271 bales compared with 3,940,512 bales last sea¬ son. Cotton consumption by domestic mills, on the other hand, proceeded at a satisfactory rate, and present expecta¬ tions are that their takings will exceed last year's by ap¬ proximately 1,000,000 bales. During the latter part of the month recurrent uneasiness over the look, and kets acted the resultant as a European political out¬ unsettlement in depressant, the did less as security favorable about the domestic cotton goods business, and the ment of specific amendments to the Farm bill as to the Senate mar¬ reports announce¬ proposed Agricultural Committee concerning the release Spot cotton here in New York of Government loan cotton. 8.94c. Jan. 3. was low 8.7Sc. of at 8.95c. most A mild reaction carried the quotation to Jan. 20, but Jan. 31. of the 10. Subsequently the price rallied to a new downward trend left the Trading in month. About cloths gray the middle was of quotation quiet during the period a short-lived buying on in a movement got under way, chiefly based temporary improvement in the flow of finished goods distributive channels, but subsequently the market again into dulness* chiefly owing to the recurrence of lapsed foreign political apprehensions. for to 28-inch 3^c., 64x60's at which was marked Print cloths at Fall River down figure it stood Jan. Jan. 31, 7 from The 3%c. price of 27-inch cloth 60x64's was 3%c. Jan. 31 as against 3%c. to 3^c. Dec. 31, while Osnaburgs remained unchanged at 6%c. to 6%c. Jan. 31. The report of the Census Jan. 14 and cotton at an given Bureau, issued covering the month of December, showed that consumption active rate. as 565,307 with in the United States was proceeding The amount consumed in December bales of lint and 65,676 bales of was linters, 596,289 bales of lint and 66,822 bales of November, 1938, but only 432,328 bales of lint 46,309 bales of linters in December, 1937. The woolen goods market remained inactive, as the sold- linters - in and condition of most mills precluded the possibility of fill¬ new orders for nearby deliveries. Prices ruled firm, and numerous requests for quicker shipment were received up ing Rubber anxiety volume taken level this year is sale trade, while compared on Oct. 31 and 5%c. and dollar be 9.10c. Jan. "futures" which attendance, and in part due to growing uncertainties over nearby business outlook, although in evaluating the loss a Coffee weather the ers' the the disappointing showing, partly winter lem. in featured textile trades during the past month, with political uncertainties abroad and the unsettlement in the security markets acting as a brake on the expected pre-spring improvement. Retail business made a the domestic "futures" market in the way of hedges, and generally believed that they were being influenced by the lack of action in regard to the proposed reduction re¬ June 30; ll^c. asked May 31; lO^c. asked April 30; 10%c. asked March 30; 14%c. asked Feb. 28; 14%c. asked Jan. 31. it was stiarp a sheets for spot delivery were quoted at 13/16c. asked Jan. 31 against 16%c. asked Dec. 31; 16%c. 30; 16%c. asked Oct. 31, the same as on Sept. 30; 16%c. asked Aug. 31; 16%e. asked July 30; 14%c. asked buying represented purchases The Europe, the ensuing im¬ smoked ever, aggressive in 15 accumu¬ an rate, on asked Nov. late emergency reserves of foodstuffs. take Effect adverse an normal a prolonged, will in¬ proved sentiment in the security markets, and covery in the guilder rate. for war reserves. Considerable interest was also mani¬ fested in the report that the adviser to the Civilian Defense Minister of Great Britain had warned consumers to On the whole, how¬ the world supply and demand situation failed to im¬ prove, and operators for the advance were not inclined to was cause previous record being in 1933, when the carryover amounted to 1,193,000,000 bushels. Great Britain has been expanding its purchases from the Southern Hemisphere as well as from Canada, and it has been felt, that this and the Dutch consumption. In'the closing days of the month prices rallied substantially, be¬ 3,860,000,000 bushels, suggesting there 1,230,000,000 bushels on July 1. This new future of the pound sterling While factory buying proceeded at feared that the presenMmrest, if evitably of a the over guilder. industry, had growing nervous¬ from users. Business in women's hesitation, turned sports very wear fabrics, after early active, with attention centering in weaves. Japanese double extra 13-15 deniers at were quoted Jan. 31 $1.95@$2,00 against $184@$1.S9 Dec. 31; $1.75@$1.80 $1.81@$1.86 Oct. 31; $1.80@$1.85 Sept. 30; $1.77@ $1.82 Aug. 31; $1.79@$1.84 July 30; $1.76@$1.81 June 30; $1.56@$1.61 May 31; $1.62@$1.67 April 30; $1.55@$1.60 March 31; $1.65@$1.70 Feb. 28, and $1.65@$1.70 Jan. 31. Nov. 30; KEVIEW p 10 "... 0nr —— were Japanese crack double the 20-22 deniers the case of In extra quoted at $1.96@$2.01 Jan. 31 against $1.79@ 31; $1.65@$1.70 Nov. 30; $1.73@$1.78 Oct. $1.84 Dec. 31; Sept. 30; $1.67@$1.72 Aug. 31; $1.69@$1.74 July 30; $1.67@$1.72 June 30; $1.48@$1.53 May 31; $1.57@ $1.62 April 30; $1.48@$1.53 March 31; $1.59@$1.64 Feb. 28, and $1.48@$1.53 Jan. 31. $1.68@$1.73 Petroleum and Its . Mexican The Products expropriation situation surged to the fore developments in the North Amer¬ ican oil picture during the initial month of 1939. Holding the secondary place in the month's news developments was upturn in Pennsylvania grade crude oil prices industrial demand stimulated the market struc¬ ture for lubricants, chief product of this crude. Full details of the Department of State in ^relation to its activities in the situation arising from the expropriation of American-owned oil properties in Mexico last March the sharp rising as were demanded by Representative M. J. Kennedy of New York, in a resolution introduced before the House sentatives in Washington in the final week of The before of Repre¬ January. lay the called for the State Department to the House its full diplomatic correspondence on resolution expropriations and Mexico's relations with Fascist as well as answer certain specific questions on Mexico-America diplomatic relations. Explaining that under House Powers general procedure the resolution Affairs Committee, Representa¬ tive Kennedy further disclosed that if this committee does not report on the resolution within seven days he has the right to move to discharge the committee and to have the House of Representatives direct the Secretary of State to answer the inquiries. Included in Representative Kennedy's "resolution of inquiry" are questions dealing with the wide¬ was After referred to the Foreign industrial demand this summary procedure country chief product of the crude oil pro¬ There had been a prices at the time of the advance were the lowest in many years. The first advance carried prices 9c. to 12c. a barrel higher on Jan. 21 for crudes produced in the BradfordAllegany area. Two days later the Joseph Seep Purchasing Agency of the South Penn Oil Co. also raised the price of Corning grade crude oil 5c. a barrel to $1.02. Bradford and Allegany crude went up 12c. to $1.80 a barrel. The company's revised price schedule lifted Southwest Penn¬ sylvania Pipe Line crude 9c. to $1.43. Eureka Pipe Line postings went up a similar amount to $1.37, while a gain of 12c. for Buckeye Pipe Line crude established a new price of $1.30. Ten days later the Joseph Seep Purchasing Agency again raised prices of Bradford-Allegany crude, although this time there was no upward revision in prices of Corning grade crude petroleum. These advances, which became effective Feb. 1, raised prices by 8c. to 15c. a barrel, making net gains for the latter half of January of from 17c. to 27c. a barrel. On the second advance Bradford and Allegany moved up 8c. to $1.88. Southwest Pennsylvania Pipelines gained 10c. to $1.53, with a similar mark-up lifted Eureka to $1.47 a barrel. Buckeye Pipeline prices went up 15c. provided for the House so that realizes that secret diplomacy often has war," he continued, "and that there has been entirely much mystery about our own diplomatic relations with led to too relations of Mexico with foreign dictators." Earlier in the month the New York representative had introduced a resolution calling for an inquiry by seven members of the House of Representatives into the Mexican Mexico and the explained, this would.Rave taken too much time, so he substituted the resolution calling for an immediate detailed report from the Department of State. situation, but, he Legal repercussions of the Mexican expropriation caused City newspapers as the court battle between the Eastern States Petroleum Co. and the Royal Dutch Shell group gained in scope and in bitterness. A , headlines in New York temporary injunction was granted Court in New York on Jan. 31 which has broadened demand and con¬ in United States District Pennsylvania oil fields. the in reductions during 1937 and 1938t and half-dozen serious situation. 'The Pennsylvania grade sumption of lubricants, the country might have a clear understanding of what appears to be a dangerous situation from the viewpoint of the safety and welfare of the country," Mr. Kennedy said in a prepared statement. "This resolution should serve to clarify the entire Mexican situation. The American people, unlike people living under dictators, insist upon the true facts concerning this most the rules of 1937, strength within a The improved market was due to the rising period. 10-day political implications. "I have resorted to in since prices reversed their trend and showed with two advances in the general price structure spread reports of barter deals involving Mexican oil with the three Fascist nations—Germany, Italy and Japan—and their possible decline steady a crude oil duced overshadow all other to for $1,700,000. sued thus Valuing each barrel at $1, the company Co. Eagle Oil $1.45. to daily February average market was estimated by the States Bureau of Mines at 3,220,000 barrels, off 1.5% from the January forecast and 4% below the actual United production The last the the oil in the comparable 1938 period. crude of Commission, in the closing days of December, established a five-day production week for Lone Star State for the first quarter of 1939 but left establishment of February and March production Railroad Texas quotas for a later date. At month-end Commission authori¬ ties had made no statement as to what production quota February. the January daily average allowable made in the February quota for California, fixed by Central Committee of California Oil Producers at be established for would No was the from change 600,000 barrels, with a maximum increase for newly-created wells of 5,000 barrels daily. The maximum quota for new barrels daily. The Okla¬ continued February daily average production at the January figure of 428,000 barrels. The Louisiana Conservation Department set February wells, regardless of size, is 250 homa Corporation Commission for the quotas State at 255,140 barrels, up from the January 3,800 barrels figure. producers made headway during the month to cut down production to the point where will be more in line with market demand. For months California in it their fight been running far ahead production on the West Coast has of demand, and a shaky price Not only California structure has beeii the result. has the consistent overproduction affected the market, but it has had a harmful effect upon California swung into production, but Michi¬ gan and Indiana joined the trend during January. A the measure was introduced in the Indiana House of Repre¬ dent; the Anglo-Mexican Petroleum Co., and others. On sentatives in the final week of January to give the Con¬ the same day the Mexican Eagle Oil Co., which was drawn servation Department the power to regulate oil and gas into the original suit as a third-party defendant, filed a production and provide for limitation of production. Simi¬ counter-claim against Eastern States for $1,700,000. lar legislation was scheduled for the Michigan Legislature. The litigation started in New York in the closing month Indications that the five-day production week scheduled of 1938 when Eastern States officials asked for an injunc¬ for Texas will not suffer from interference by the new tion and damages against the Royal Dutch Shell group, member of the Texas Railroad Commission were a pleas¬ which it charged with conspiring to interfere with its opera¬ ing note in the oil news from the Nation's largest source tions in violation of the Sherman and Clayton anti-trust of oil. Early in January, Jerry Sadler, who when he laws. Just prior to the counter-claim filed by Mexican assumed his position as Commissioner had indicated some Eagle Oil, Judge Robert B. Patterson granted a temporary dissatisfaction with the five-day production schedule set injunction, pending trial, enjoining the defendant com¬ by the retiring Chairman of the group, joined with newlypanies from coercing, threatening or otherwise intimidating appointed Chairman Lon A. Smith and E. O. Thompson in Eastern States' customers, mostly in foreign countries, as setting March 15 as the date for the next State-wide pro¬ was charged in the complaint. ration hearing. He originally had agreed to support the Eastern States officials had charged that the Royal January order but had reserved decision on whether or Dutch Shell group had exerted pressure upon certain of not he would support the continuation of the shut-down their customers throughout Europe not to purchase any oil order for February and March. or refined products from Eastern States which had been Attorney General Gerald C. Mann of Texas, in mid-month, produced or refined in Mexico. The court made it plain ordered sales of all crude oil seized by the State for viola¬ in its ruling that "redress against any injustice involved tion of production regulations held up indefinitely until the in the confiscation (Ed. note—The suit involves crude in favor of the Eastern against the Royal Dutch Shell group: Asiatic Petroleum Corp., Harold Wilkinson, its Presi¬ States Petroleum Co. the Cardenas Dutch Shell group) must be left to the political branches of our Govern¬ ment and to the British Government." It also was pointed out that "the courts will not take such alleged injustice into account" * in the ruling on the reported violation of the anti-trust laws. However, later in the day the Mexican Eagle Oil Co. raised the question of the court's position upon the expropriation when in its counter-claim it charged that the Eastern States Co. had illegally appropriated more than 1,700,000 barrels of crude belonging to the Mexican allegedly produced from properties seized by Government from companies of the Royal other oil markets. line "with the Texas Not only has general move to curtail Legislature enacts new legislation which would higher prices for this crude. "I am going to hold up these sales until I find out if we can work out a method to see if it can be sold as nearly as possible for what it is worth," he said. "It will be enable the State to receive 35-gravity oil sold for 18c. a barrel. somewhere when 75c. oil is sold for 18c., and only one person is there to bid for it." Later in the month came news from Austin that District Judge J. J. Moore had ordered retrials in four "hot oil" suits involving approximately 50,000 barrels of East Texas held, rather than see Something is wrong Feb., 1939] oil MONTHLY REVIEW allegedly produced in violation Commission's rules,* of the Texas Railroad the petition of Attorney General Mann. The Attorney General explained that his petitions for retrials were made in order that the State might amend its pleading to make all unknown persons owning, claiming or in possession of the oil in question parties to the of suit. the on The 50,000 barrels of crude involved of 125,000 barrels of East Texas total withdrawn from sale Congress went were part crude oil by the Attorney General. into session in January, and out of the legislative hopper came several pieces of proposed legisla¬ tion which would affect the petroleum industry. Most im¬ portant the legislation sponsored by Senator Connally "hot oil" bill either made permanent or, failing in that, extended for two years. Backed by independent oil men were two bills intended to break up the set-up of the major oil companies. First of these was a proposed law which would prohibit pipe line carriers from was slightly under par. The Chicago demand having then been substantially cared for, the bills dated Jan. 25 were bid in at prices ranging from par down to 99.997, with the average price 99.998, or at a rate of approximately 0.007%. The tenders received declined from $507,427,000 for the bills dated Dec. 28 to $250,496,000 for those dated Jan. 25. The demand flared up again for the next issue, for, since it was dated Feb. 1 ana was to mature on May 3, it could be used for tax avoidance in Minnesota, whose tax on bank de¬ posits is levied as of May 1. The Treasury announced on Jan. 30 that tenders for this last issue aggregated $302,689,000 and that the bids ranged from par down to 99.999, with the average price of Texas to have his transporting oil produced by themselves or by any producer in which the pipe line company might have an interest; direct indirect. or The second bill would "divorce" market¬ ing from the production and refining branches of the in¬ dustry. Also on the calendar is a proposal to end the Connally "hot oil" law. The coal industry is behind a which would measure impose a tax of 3c. per gallon upon derivatives, excepting lubricating oils, gallon, Paraffin and other wax products crude oil, and all its to be taxed 4c. a would be taxed lc. a pound, and asphalt, natural wise, would be taxed $2 a ton. Representative price changes follow: other¬ or Jan. 4—The Bell Oil and Gas Co. cut North Texas crude oil prices 12 a barrel, the new schedule putting 40 and above at 91 cents a barrel. cents Jan. 21—Advances of from 9 vania grade crudes were the South Penn Oil Co. a 12 cents to a barrel in prices of Pennsyl¬ posted by the Joseph Seep Purchasing Agency of Jan. 23—Corning grade crude oil was advanced 5 cents a barrel to $1.02 barrel by the Joseph Seep Purchasing Agency of the South Penn Oil Co. Jan. 31—The Joseph Seep Purchasing Agency of the South Penn Oil Co. posted increases in Pennsylvania grade crude oil raning from 8 to 15 cents a barrel, effective Feb. 1. In the refined field, statistics vied with market news for the centei* of the stage. Stocks of finished and unfinished motor fuel climbed more than 6.000,000 barrels during the but, with the exception scattered price disturbances, the bulk and retail initial three weeks of the of minor, new year gasoline markets held firm. As a matter of fact, the midcontinent market for third-grade gasoline moved into higher price ground for the first time in more than four months. The February market demand estimate for the United States Bureau of Mines for domestic gasoline encouraging, gain a of 5% 33,460,000 to also barrels In the position refined and gas fuel of the market products oil markets, reflected as while in brightened, price the statistical inventories movements was being foreseen. of such during month the were irregular. A sustained drain upon fuel oil stocks reported by the American Petroleum Institute showed weekly declines proportions. and in stocks Weather, too, distributor of fuel of gas and fuel oil of rising was on the side of the marketer oils. Despite-these factors, turbing note of irregularity was clearly discernible a dis¬ in the of the market. Representative price changes, Nation's chief refined showing the trend products markets, follow: Jan. 4—Standard of New Jersey raised tank car and barge prices of No. 1 and 2 domestic heating oil, gas oil, diesel oil for shore plants and standard industrial fuel oil by K cent a barrel, effective Jan. 5. Jan. 18—Many service stations operating in the Philadelphia prices of gasoline to 13H cents Jan. a 23—Price-cutting spread area shaved "pump." 25—Erie, Pa., dealers posted a 5-cent advance that ruling at the outset of the war and setting in a "pump" prices of price 1 cent above war. Jan. 31—Standard of New Jersey lowered New York tank prices of domestic heating oil M cent a gallon. The tank car prices at Boston y cent a 2 fuel oil only. JANUARY FINANCING car and barge company also lowered OF gallon, the latter reduction hitting No. UNITED STATES replace maturing Treasury bills held in its portfolio," the Reserve banks did not find it necessary in January to permit their bill maturities to run off without replacement either by other bills or by Treasury notes. The system's portfolio remained unchanged as to total amount. The bill issues that market, first apparent in the last week of December, under which it was able to raise money at a negative rate of interest—that it, at a profit to itself. The issue of bills that greatly in demand in the last week of December was primarily by those banks and institutions which wished to have the instruments for year-end window dressing purposes. The bill issues bearing the dates of Jan. 4 and Jan. 11, also taken at prices of par or better, were bid in mainly by banks in the Chicago Federal Reserve District, which acquired the bills with the idea of turning them over use in avoiding the Illinois tax on bank April 1. to their customers for as of For the issue dated Jan. 18 the keenness of the bidding was only slightly abated. The bids for these bills ranged from just above par down to 99.999, with the average price no amounts. new put in their orders for the turn of the savings bonds without much delay after Sales for January up to the 30th, according to the Treasury's daily statement, amounted to $145,826,772, against only $102,248,655 in January, 1938. The United States Housing Authority, established in September, 1937, did its first public financing in January. Secretary of the Treasury Henry Morgenthau Jr. announced on Jan. 24 that the Treasury was offering $100,000,000 or thereabouts, of series Bl3^% notes of the Authority. Dated Feb. 1, 1939, the notes are not subject to call for redemption prior to their maturity on Feb. 1, 1944. They are fully and unconditionally guaranteed by the United States and are exempt from all taxation (except surtaxes, estate, inheritance and gift taxes). Subscription books on the USHA note offering were opened year. on Jan. 25 and closed the same day. The offering brought oversubscription, allotments being made only on a 4% basis. Secretary Morgenthau announced on Jan. 26 that subscriptions had totaled $2,774,480,000. The offering of $20,000,000 of 1% consolidated debentures of the Federal Intermediate Credit Bank System on Jan. 6 likewise was heavily oversubscribed and the books were a on record closed the issue in on sold at short while. a slight premium a The debentures were value. Dated Jan. 16, the debentures mature in the amount of $10,350,000 on Oct. 16, 1939, and in the amount of $9,650,000 on Jan. 2, 1940.. After the maturity of $19,250,000 of these debentures on Jan. 16, there was left outstanding approximately $173,000,over par 000. Prices of government issues firm in the first were three weeks of January, with a number of the issues reaching new highs since issuance. Treasury bonds of more than 12 years to call date or maturity and Treasury notes reached new low average yields in this period. Prices became reactionary in the last week of the month, however, and the gains of the first three weeks were erased. But in the last couple of days of the month the advance was resumed in spirited fashion. In his budget message to Congress on Jan. 5, President the of recommended expenditures for the fisal year $8,995,663,000, compared with $9,492,329,000 in 1939 fiscal year, and estimated revenues for the 1940 of $5,669,320,000 against $5,520,070,000 for the 1939 His estimate of the deficit for the present fiscal year was $3,972,259,000 as against $3,326,343,000 for the 1940 fiscal year, excluding public debt retirements in both years. He estimated that $579,000,000 net would be available to the Treasury from the old-age reserve account, $271,000,000 from the unemployment trust fund and $100,000 from the year year. railroad and government from veterans. employees' retirement funds and The details of Treasury bills sold given in the following table: on a discount basis are TREASURY count bill deposits levied offered by the Treasury merely The Treasury money on its own account in January except through sale of United States savings bonds, the so-called "baby bonds." For the^e obligations the Treasury ex¬ perienced a record demand. Purchases of the savings bonds are limited to $10,000 in any one year for any one investor. Banks, corporations and individuals in large numbers raised Bills Bills Offered, Treasury continued in the first half of January to enjoy the fruits of that extraordinary situation in the dis¬ sought were replaced maturing issues of like The was so upon ability to 1940 gasoline to 18 cents, ending the price on "at times show some fluctuations depending conditions in the market affecting the committee's Roosevelt included. Jan. announced might in Jan. 24—Third-grade gasoline moved up y cent a gallon in the mid-con¬ tinent wholesale market to 3% cents a gallon. Jan. 25—Retail gasoline prices were cut 1 cent a gallon in Canton, Ohio, to 15 cents a gallon at the working out at 0.002%. Federal Reserve Open Market Committee Dec. 30 that the system's open market account Though the gallon, off 2 cents. Philadephia with some dealers selling as low as 12M cents, taxes included, w^ich was cost price. The general market, however, was 13H to 153^ cents a gallon, taxes 11 Dated Dec. 27 1938 Jan. 5 1939 Jan. Jan. Amount of 4 1939 11 1939 Jan. 12 1939 Jan. 18 1939 Jan. 19 1939 Jan. 25 1939 Jan. 26 1939 Feb. 1 1939 91 days $100,000,000 $488,825,000 Apr. 26 1939 May 3 1939 91 days 91 days 91 days 91 days 100,000,000 100,000,000 100,000,000 100,000,000 Subscrip¬ Amount Average tions Accepted Price $488,825,000 373,987,000 294,753,000 250,496,000 302,689,000 $100,722,000 101,341,000 101,152,000 100,441,000 Dec. 27 1938 Jan. 5 1939 Jan. 12 1939 Jan. 19 1939 Jan. 26 1939 Actually average less than zero, went at par. as price over to 99.999. 302,689,000 zero, was slightly as Maturing Yield *100.000 *0.000% *100.000 *0.000% a0.000% 0.007% 0.002% alOO.OOO 99.998 100,587,000 part of these issues Actually average price slightly 373,987,000 294,753,000 250,496,000 To Redeem Bills a tions Apr. 5 1939 Apr. 12 1939 Apr. 19 1939 Offered * Subscrip¬ Offering Mature 99.999 Issue of— $100,125,000 100,040,000 100,028,000 100,467,000 100,241,000 over 100 and average interest rate were bid at a slightly premium, while the balance* was slightly less than 100 and average Interest rate part of bids accepted ranged from slightly above par down MONTHLY REVIEW 12 NEW SECURITY ISSUES IN The month of Beldine Heminway Co.—Dividend on the no par common from 12 Mc. a share to 17Mc. a share, payable Feb. 15. JANUARY January proved to be an off month for new capital financing as may be attested by the total dollar volume [of emissions placed during the period and which by the way was the smallest for any month since January, 1935. Of this very modest total of new offerings placed in the first stock increased share and an extra of like amount were paid Jan. 25 on the common stock. The above dis¬ tribution was the first to be made since Jan. 25, 1937, at which time an 12 Mc. Berland Shoe Stores, Inc.—Dividend of a initial dividend of $1.25 was paid. regular quarterly dis¬ paid Jan. 16, last on the common stock. & Co.—Extra dividend of 25c. a share and a Best tribution of 40c. a share were month Beverly Gas & Electric Co.—Dividend on the common stock increased from 75c. a share to $1 a share and became payable Jan. 14, last. was Boss of the new year, more than half of the amount disposed of privately, aside from State and municipal financing, leaving very little for public distribution. Taken all in all the month was a very unpropitious one insofar as the making of fresh commitments was concerned, both from the standpoint of the extreme unsettlement abroad and uncer¬ tainty growing out of the political and economic situation at home. Below we give the larger offerings in January: INDUSTRIAL AND MISCELLANEOUS FINANCING International Salt Co.—The company announced on Jan 13 $3,800,000 completed arrangements for the private sale of $3,800,000 3 M% 12-year debentures. The negotiations for the sale of these debentures, which will constitute the only funded debt of the company were carried out by the Paul Hammond Co. of New York. that it had 2,500,000 Pan American Airways System—Arrangements have been certificates in the amount of $2,500,000, paying 4% dividends and maturing serially, on a semi¬ annual basis, from Jan. 1, 1940 to Jan. 1, 1944. No public offering of the certificates will be made as arrangements have been concluded to place the entire amount with banks. The New York Trust Co. is to be trustee under this initial equip¬ made for the sale of trust MUNICIPAL FINANCING $30 800,000 New York, N. Y., various new capital obligations, consisting $10,000,000 3% 40-year corporate stock and $20,800,000 serial bonds, due annually from 1940 to 1979 incl., were awarded to a syndicate headed by the National City Bank of New York at a price of 100.80, a net interest cost of about 3.08%. In the reoffering, the 40-year stock was priced at 98 and accrued interest and the serial loans from a yield of 0.50% to a price of 101.75, according to maturity. of 3 M% 16,700,000 Port of placed privately with several insurance companies and other fiduciaries in connection with the refund¬ of George Washington Bridge serial 4 Ms, first callable Nov. 1, 1939. New bonds mature Aug. 15, 1977 and are callable prior thereto under various conditions. ing 5 000,000 Mississippi (State of) highway bonds, bearing interest rates of 2)4%, 2 M% and 3% and due semi-annually from 1950 to 1961 incl., purchased by R. W. Pressprich & Co. of New York and associates at 100.002, a net interest cost of about 3.075%. Reoffered from a yield of 2.80% to a price of 93, depending on interest rate and 3 ' date of maturity. Amboy, N. J., 4% and 4)4% various refunding bonds Ingen & Co., Inc., New York, at a price of 91.655, a net interest cost of about 4.72%. They mature yearly from 1940 to 1964 incl. 775,000 Perth were 3 500 ' 000 ' taken by B. J. Van New Orleans, La., $2,000,000 bonds were sold as follows: public belt railroad refunding bonds purchased privately by Newman, Harris & Co., New Orleans, and Darby & Co., Inc., New York, as 2%s, 3Ms and 3Ms, at par, a net interest cost of about 3.01%. Reoffered to yield from 1.25% to 2.90%, according to interest rate and maturity. The other $1,500,000 of financing constituted the public award of that amount of sewerage', water and drainage bonds to Lehman Bros, of New York and associates on a bid of 100.13 for 2s and 2Ms, a net cost of about 2.18%. These obligations, due annually from 1941 to 1961 incl., were reoffered to yield from 1% to 2.30%, according to rate and maturity. (State of) 2M% veteran's welfare bonds, due public auction by and associates, at 3,000,000 California serially from 1940 to 1954 incl., taken at Halsey, Stuart & Co., Inc., New York, 105.0i6, next. Canada Wire & Cable Co., Ltd.—Payment of dividend resumed on the class A and B stocks with the declaration of four quarterly dividends of $1 a Reoffered to yield from maturity. basis of about 2.07%. 0.30% to 2.30%, according to R. 2,800,000 Providence, I., unemployment relief and municipal awarded to a syndicate headed by Smith, New York, as 2s, at 101.459, a basis of about 1.85%. They mature serially from 1940 to 1959 incl., and in the reoffering the yield basis ranged from 0.25% to 2%. building, bonds were (State of) highway impt. bonds, due annually 1941 to 1974 incl., were sold to a group managed by Shields & Co., New York, as 2Ms, at 103.31, a basis of about from 2.04%. Reoffered to to maturity. yield from 0.40% to 2.10%, according 1,750,000 Oxnard Harbor District, Calif., harbor facility bonds were purchased by an account headed by R. H. Moulton & Co., Los Angeles, as 3Ms and 3 Ms, at 100.01, a basis of about 3.38%. The bonds mature from 1943 to 1977 incl., and the reoffering schedule was based on a yield of 2 % on the earliest maturity to a price of 99.50 on the last maturing bonds. 1,654,000 Trenton, N. J., funding and refunding bonds were awarded to a syndicate headed by Graham, Parsons & Co., New York, as 2Ms, at 100.41, a basis of about 2.71%. They mature serially from 1940 to 1968 incl., and were reoffered for general subscription from a yield basis of 0.70% to a price of 99.75 for the last maturing bonds. 1,525,100 Charleston, W. Va., bonds were purchased as 2Ms and 2Ms, at a slight price above par, or a net interest cost of about 2.36%, by a group managed by Phelps, Fenn & Co., Inc., Due annually from 1940 to 1972 incl., Reoffered yield of 0.75% to a price of 96, according to coupon rate and date of maturity New York. from 1,300,000 St. a Louis, Mo., bonds awarded to Northern Trust Co., Chicago, and associates, at 102.56, a basis of about 1.82%. from 1954 to 1958 incl., and reoffered to yield from Due Worth Independent School District, Tex., school bonds bearing 3% interest were sold as follows: $750,000 to local banks and $303,000 to the State Board of refunding Education. for each two shares 4. Jan. Central Ohio Steel Products Co.—Dividend on the increased from 25c. a share to 30c. a share, payable $1 par, common stock March 1. Century Shares Trust—Dividend on the participating from 42c. a share to 46c. a share, payable Feb. 1. shares increased Real Estate Trust—Dividend of 50c. a share on the capital stock payable Feb. 1. Regular quarterly dividend of 15c. a share was paid on Nov. 1, last. Chain Store increased Ltd.—Dividend of 20c. a share on the common stock, payable Feb. 1. This compares with 10c. a share distributed on Aug. 8 and on Feb. 1, 1938. Consolidated Amusement Co., Ltd.—Dividend on the common stock increased from 30c. a share to 40c. a share and was payable on Feb. 1. Crown Cork & Seal Co., Ltd.—Dividend on the common stock increased from 25c. a share to 40c. a share, payable Feb. 15. Conduits National Co., Inc.—Dividend on the no par common payable Feb. 1. Cuneo Press, 50c. stock increased from share to 75c. a share, a Manufacturing Co.—Dividend on the common from 25c. a share to 50c. a share and was payable on former distribution was made on Feb. 15, 1938. Eaton stock increased Feb. 25. The Group Associates—Extra dividend of 25c. a of like amount on the common shares, Employers regular quarterly share and a both payable < 31. Jan. Capwell Emporium Corp.—Dividend on the no par common stock 30c. a share, payable Jan. 31. increased from 25c. a share to Trustee Shares (1945) Fund—Dividend on the capital stock increased from 9c. a share to 13 Mc. a share and became payable on Jan. 16. First Boston Corp.—Dividend of $1 a share paid Jan. 23, on the capital stock and compares with 50c. a share distributed on June 29, 1937. First All-Canadian Globe & Republic Insurance Co. of America—Dividend on stock increased from 12 Mc. a share to 15c. a share, payable the common Jan. 30. & Pacific Tea Co.—Dividend of $3 a share on the no par stock, payable Feb. 16. This compares with $1 a share paid on Great Atlantic common Dec. 1, last. Iron Ore Properties—Distribution of 75c. a share made certificates of beneficial interest and compares with 50c. paid on Dec. 20, 1938. Great Northern Jan. 31 on the a share Bay & Western RR.—Dividend of $50 a share on the class A share on the capital stock, both payable Feb. 14. paid, on Dec. 21, 1937. Green debentures and $5 a Like amounts were Refractories Co.—Dividend of payable March 1, on the common stock share was distributed. Harbison-Walker declared June 15c. a share was and the first since 1, 1938 when 25c. a Jefferson Lake Oil Co., Inc.—Dividend of $1 a share on account accumulations on the 7% cumulative preferred stock was payable Jan. 20. A distribution of 75c. a share was paid on Dec. 15, last. 25c. since June 15, 1937, when a share on of $1.25 a Department Stores—Initial quarterly dividend the new 5% preferred stock, payable March 15. (Julius) Kayser & Co.—Dividend of 40c. a share on the $25 par, common stock, payable Feb. 15. This will be the first dividend paid since Feb. 15, 1938 when 25c. a share was distributed. Knickerbocker Insurance Co. (N. Y.)-—Dividend on the stock increased from 12Mc. a share to 15c. a share and on $5 par, common become payable Jan. 25. Stores, Inc.—Extra dividend stock, payable Jan. 27. Lincoln of 25c. a share on the no par, common of 75c. a share on the no par value com¬ mon stock, payable Feb. 1. This compares with 12Mc. a share paid on Dec. 27, last, and 50c. a share on Nov. 1 and Aug. 1, last. Melville Shoe Corp.—Dividend Merchants common on Jan. & Manufacturers stock increased from 30. Fire Insurance Co.—Dividend on the 10c. a share to 12Mc. a share and was paid 25c. a share was paid Jan. 16 on the 15c. a share distributed on Oct. 31, last. Corp.—Dividend On the common stock increased from 10c. a share to 15c. a share and was payable Jan. 3, last. New Bedford Gas & Edison Light Co.—Dividend of 75c. a share on the common stock, payable Jan. 16 This compares with 62Mc. a share Mode O'Day Corp.—Dividend of common stock and compares with Morristown Securities paid on Oct. 15, last New York Fire Insurance Co.—Dividend on the $5 par, common 25c. a share, payable Jan. 30. Merchandise Co., Inc.—Dividend on the $10 par, common stock increased from 10c. a share to 15c. a share, payable Feb. 1. Nonquitt Mills—Dividend of $1 a share on the capital stock, payable Feb. 16. Payments of 75c. a share were made in each of the three preceding quarters. the common Ltd.—Initial dividend of 10c. a share on stock, payable Feb. 1. ("Dividend declarations in January were largely of a favor¬ able nature. The following list, divided into two sections, namely, "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: CHANGES par common Jan. 25. American Hide & Leather Co.—Dividend of $1 a share on account of accumulations on the 6% cumulative preferred stock of $50 par, payable March 31. A distribution of 75c. a share was paid on Dec. 28, last. Arnold Constable Corp.—Dividend of 25c. a share on the $5 par, com¬ mon stock was paid on Jan. 27 and compares with 12Mc. a share dis¬ tributed on Dec. 15, last Sugar Co.—Dividend on the common stock of 10c. a payable Jan. 31. The last previous distribution amounted to share and was made on June 20, 1938. Savannah RR.—Dividend resumed on the capital stock by the 40c. a share on Jan. 16. This represents the first distribu¬ the issue since Dec. 22, 1937, when an extra dividend of 25c., and & navment of tion on a dividend of $2 a share was Outlet Co.—Extra dividend of 25c. a share on the distributed. common and a quarterly of share, 10c. a 75c. a share stock, both payable Jan. 24 Pennsylvania Power Co.—Initial quarterly dividend the no par, $5 preferred stock, payable Feb. 1. of $1.25 a share on Pepperell Mfg. Co.—Dividend on the $100 par, capital stock from $1 a share to $2 a share and become payable on Feb. 15, increased last Corp. of N. J.—Dividend of 60c. a share on the no par, common stock, payable March 31. This compares with 55c. paid on Dec. 20, last, and 50c. on Sept. 30 and June 20, last. Public Service Rich's, Inc.—Extra dividend of 50c. a share and a regular like amount on the common stock. Both were paid on Jan. Rike-Kumler Co.—Dividend stock Associated Insurance Fund, Inc.—Semi-annual dividend on the com¬ mon stock increased from 10c. a share to 15c. a share, payable Jan. 31 Augusta stock increased from 15c. a share to New York Onomea FAVORABLE shares share was distributed. Kaufmann CHANGES IN JANUARY American Equitable Assurance Co.—Dividend on the $5 stock increased from 25c. a share to 30c. a share, payable of on stock, payable Katz Drug Co.—Dividend of 12Mc. a share on the common March 15. This will be the first dividend paid on the common O'Brien Gold Mines, DIVIDEND dividend on share of class A 1.70% to 1.80%. 1,053,000 Fort the B stock. Dec. 15, next, respectively. Ltd.—Stock dividend of four shares of class B stock for each stock held and a dividend of one share of class B stock of class B held, both were payable to holders of record Carreras, Barney & Co., 2,000,000 New Jersey share each on the class A stock and one of 25c. a share on paid on March 15 and the former class A a The latter will be March, June, Sept. and New York Authority, N. Y., 3M% general and refunding bonds were increased from Cherry-Burrell Corp.—Dividend on the $5 par, common stock fron 15c. a share to 20c. a share and was payable on Jan. 31. trust. ment Mfg. Co.—Dividend on the $1 par, common stock a share to 50c. a share, payable Feb. 15. 25c. Bullock's, Inc.—Extra dividend of $1 a share on the common stock, payable Jan. 26. California-Western States Life Insurance Co.—Dividend resumed on the common stock by the declaration of 25c. a share, payable March 1, was paid on Jan. of 25c. a quarterly of 25, last. share on the no par, common 23, representing the first dividend $1 a share was disbursed. to be paid since Jan. 25, 1938, when Sanford Mills—Dividend on the common a share and become payable on Jan. 20. stock increased from $1 to Scotten-Dillon Co.—Dividend on the $10 par, common ^ from 40c. a share to 50c. a share, payable Feb. 15. $1.50 stock increased Shaler Co.—Dividend 30c. share and a on the class B stock increased from 15c. payable was of $1 a share on the no par, common stock, both with 75c. share distributed a share to a Dec. 29, 1938. on (W. A.) Sheaffer Pen Co.—Extra dividend of 25c. compares share and a a dividend This payable Feb. 25. Oct. 15, last. on share to 20c. a a Trane Co.—Dividend of 25c. The last previous payment share and became payable on Jan. share a the on common 28. 15. Aug. 15, stock payable Feb. of like amount and was made was on last. United Shoe Machinery Corp.—Special dividend of $1.50 a share on the $25 par, common stock, payable Feb. 24. Utica & Mohawk Cotton Mills, Inc.—Dividend of 50c. a share was paid Feb. 3 on the common stock, the first payment made since Nov. 15, 1937, when a regular quarterly of $1 a share was distributed. Virginian Ry.—Dividend of $1 payable Jan. 26. a share share to a stock of $100 par, on Dec. 27, common A regular quarterly dividend of $2 was paid Washington Gas Light Co.—Dividend from 30c. the on 373^c. a common stock increased share, payable Feb. 1. UNFAVORABLE Central Republic Co.—Dividend of 15c. a share was paid Jan. 16 on the stock end compares with 25c. a share disbursed on June 25, 1937. Eisler Electric Corp.—No dividend declared on the capital stock for the year 1938. The last previous distribution amounted to 3% in stock and was made on Jan. 25, 1937. Emsco Derrick & Equipment Co.—Directors on Jan. 30 voted to omit the dividend ordinarily due at this time on the company's common stock. A regular quarterly of 15c. a share was paid on Nov. 25, last. Freeport 50c. Sulphur Co.—Dividend share to 25c. a Garfield the on stock common tificates, payable Feb. 1. Aug. 1, last. the on A distribution of $1.50 voting trust share a was cer¬ made on last. & Knight Co.—No action taken on the quarterly dividend of preferred stock. Dividends have been paid at the rate of $7 annually since the company was reorganized in 1936. $1.75 due this time at on the $7 Hearn Department Stores, Inc.—Quarterly dividend ordinarily payable Feb. 1, 1939 on the 6% cumulative convertible preferred stock deferred. A regular quarterly of 75c. disbursed was Nov. 1, last. on Lehigh & Wilkes-Barre Coal Co. of N. J.—Dividend distributed on the common Oct. 20, last. on of 27%c. stock and compares with 30c. paid Jan. 19 was a share a share climax the loyalist without Jan. 26. regular semi-annual dividend of $2.50 on Feb. 28, 1938. Metropolitan Storage Warehouse Co.—Dividend the on As the Following 25c. share a Petrolite stock Corp., Ltd. on Nov. 1, last. cellor the Hitler a share on the common compares with 40c. distributed on Light Co.—Dividend of 50c. a share was paid Jan. 15 on of no par value. Disbursements of April 15 and Jan. 15, 1938. $6 cumulative preferred stock 75c. share a made were on Quaker State Oil Refining Co.—Dividend of 20c. a share was declared on the common stock and compares with 25c. a share Nov. 1 and on March 1, 1938. payable March 15 distributed on the Rochester Capital Corp.—Dividend of 20c. stock was Jan. on paid 15, (Raphael) a share on Jan. 16, last, contrasting with 35c. on the a no par capital share distributed 1938. Weill & Co.—Extra dividend of $2 share and a an annual dividend of $3 a share on the $100 par, common stock, both were payable on Jan. 25. Extras of $3 and annual dividends of similar amount were paid on Jan. 15, 1938 and Jan. 11, 1937. Shattuck Denn from 25c. COURSE Mining Co.—Dividend the on capital stock decreased share to 123^c. a share, payable Feb. 20. a Bank THE STOCK MARKET DURING JANUARY, 1939 After making a faltering recovery in December, the stock ran into difficulties directly after the new year market began, and before the month its worst fall in decline prices the month. since out previous it had March. The abrupt ensued still a worse decline and, in the last two trading days, a fairly sharp rebound. The net result of the month's dealings was a loss of 7.77 points in the index of 50 stocks compiled by the New York "Times." This recession in prices in January compared with an advance of 4.56 points in December and a decline of 2.32 points in November. The volume of trading fell to 25,182,350 shares from 27,492,069 shares in December; in January, 1938, turnover amounted to 24,151,<J31 shares. Only the utility stocks were able to move counter to the general direction manufacturing of prices. issues, Hardest the steels, hit of coppers all and were the railroad sions 'In bond there was transactions a on the New further contraction ing totaling only $159,611,000 par for any January in 21 years. had amounted to York Stock Exchange volume, with the trad¬ value, the smallest volume of In December bond turnover $217,609,000. Bond prices softened along with stocks, though their decline, as measured by the 'Times" index, was only 0.87 of a point, following a rise of 1.20 points in December. It should be pointed out, however, that the bond average was dragged down for the month as a whole because of the weakness which devel¬ oped during the third week. week the highest Up to the beginning of that grade and medium grade corporate bonds in nearly a year and a half. had achieved their best levels The decline good was recovery market outlook rapid for about 10 days, and then a fairly in, after the war clouds darkening the set had again been, if only temporarily, dis¬ pelled. feeling of apprehensipn over beginnings in the the constant threats to peace on world nearer of the markets commemorating sixth the secondary crisis developed a looked anni¬ to power. access England disclosed gold, current at that market on Jan. 6 when had it transferred valuation, to the This transaction, account. in Europe British the presidency ever subjecting were London market and the great strain.. Still later, on Jan. 20, Herr Hitler dismissed Dr. Hjalmar Schacht from world of Reiclisbank, and on this dismissal first a most gloomy emphasis. developments abroad imparted a shock to the the stock market. Capital in Holland became much during the month. The Amsterdam market was disturbed American weak, and securities principal there was little no emanating from selling Holland. The and there the selling was ascribable as taken in defense of sterling as newly measures the European disclosed political Jan. on 20 situation. that the The banks was much to fears to London there of other of foreign selling of American stocks source London, ket a markets placed at The other over to economy mar¬ would no longer extend credit for the purchase of foreign securities (which in this case meant primarily American securities) The announcement margin. the only came few days before a fortnightly settlement on Jan. 26, and stantial liquidation of American stocks. On the domestic by the front reconvening of January it led marked, was Congress. The sub¬ to of course, President's budget transmitted to Congress on Jan. 5, made it clear the Administration remained as devoted as ever to message, the principle promoting of business debt of was means a of was in the world that indication concern the in the public rise of higher taxes This message was doubtless something depressant. a The close not spending There be halted and the specter be laid. not to was this at not to was Government that prosperity. is fact the that industrial December level, the to but output in January to statisticians was this was favorable showing, for activity is supposed to show a seasonal expansion in January over December. It early appeared that January would see the first decline in the a industrial production index since last tion being borne out was weekly rate of steel production December, whereas textile failed to levels, output, usually mill in increase though retail at was its highest Jan. 4 at place. December bituminous coal and trade As to the fluctuations in individual Steel takes holding at January, loadings and adjustments. car seasonal The average slightly lower than in was sharp a activity, expand May, and this expecta¬ the month ended. as lower were after stocks, United States 70 and at lowest its Jan. 26 at 5314, with the close Jan. 31 at 59%. Steel pre¬ ferred was at its highest Jan. 20 at 118% and at its lowest Jan. 27 at 113%, with the close Jan. 31 at 116%. American Tel. the & Tel. 5 Jan. rose 37% to from 31 Jan. close Allied Chemical 149% 153. at Jan. 26, Jan. 1 to 157% General with Jan. Electric fell the close Jan. 20, with from 31 at 44% 40%. & Dye was at its highest Jan. 3 at 193 and Jan. 24 at 170%, with the close Jan. 31 at Westinghouse Elec. & Mfg. dropped front 120 Jan. 5to 98 Jan. 26, with the close Jan. 31 at 108%. Consolidated at its lowest 173%. Co. Edison Jan. 20, list, New at 18%. N. York its Y. the 26, moved Central down 4 at the from 98% 31 at 93%. 21% and 31 at at Hudson close close Jan. 31 at 17%. to 26 from 29% up was lowest Jan. with close Jan. moved close Jan. Delaware & Jan. Jan. of with its highest fell from Jan. Jan. 31 3 to at its Jan. 4 25% lowest Jan. 4 19%. 88% Southern Pacific at Jan. 13 to 33% In the railroad 31%. at at 22% 16, with the close Jan. 31 at Jan. Union Jan. 18% Pacific with the at its highest was 26 27, to at 15, with the Baltimore & Ohio fell from 8% Jan. 5 5% Jan. 23, with the close Jan. 31 at 6%. Ohio moved down from 39% Chesapeake & Jan. 4 to 31 Jan. 26, with the close Jan. 31 at Jan. 4 at 34%. Southern Railway was at its highest 23% and at its lowest Jan. 26 at 16%, with the close Jan. 31 at 19. First and second grade corporate bond prices the major part of January continued in the ascendancy until the final week, when weakness set in and scaled down previous gains. up new Some issues went contrary to the trend and marked highs, while lower grade bonds effects of the market's reaction The break in the stock market had its invested was misgivings to the speech by Chan¬ 30 Jan. on the and equipments. on made, brought dramati¬ cally to the world's attention the fact that the many ten¬ through gone halted?, temporarily in the third week of was Then the was of rolled it grew Franco_ the seat on and city daily Barcelona of exchange equalization largest single sale of gold the Cotton OF the city British Rich's, Inc.—Dividend of 30c. a share paid Feb. 1 on the common stock. An extra of $1 was distributed on Dec. 15, last, and a regular quarterly of 50c. was paid on Nov. 1, last. of the capture of his versary that (Del.)—Dividend of 15c. was^paid on Feb. 1, last, and Portland Gas the paid was fall 23, Dec. on until setback ahead with ill-concealed decreased from 40c. a share to 30c. a share, payable Feb. 1. Pan American Airways Corp.—No action taken with regard to the pay¬ ment of a dividend at this time. A regular quarterly disbursement of began regime The drive markets took fright over the possibility that the time for a showdown between Italy and France might be at hand. stock common Barcelona. on serious a the forces of General Francisco as began to close in 011 Louisville & Nashville RR.—Dividend of $1 a share on the common stock payable Feb. 28. A distribution of $1.50 was made on Dec. 23, last, and a year. a months of seven being carried over into 1939 from the start The anxiety over the trend of events moved outstandingly Glen Alden Coal Co.—Dividend ordinarily due at this time on the no par shares omitted. A regular quarterly of 12 J^c. a share was paid on Oct. 20, Graton the New York share a not was toward from reduced share, payable March 1. a Building—Dividend of $1.25 1938 £350,000,000 of CHANGES Alaska Packers Association—Dividend normally payable at this time on the common shares omitted. A regular quarterly of $1 a share was paid on Nov. 10, last. common Europe and in the rather obvious indications that the steep rise in business activity in the last Something of the on in of Southern Fire Insurance Co. (Durham, N. C.)—Final dividend of 75c. a share paid Dec. 22, last, on the common stock and compares with a regular quarterly of 50c. a share distributed on Sept. 28, last. ' Sun Ray Drug Co.—Dividend on the $1 par, common stock increased from 10c. 13 MONTHLY EEYIEW Feb., 1939] Government prices, more as a keenly. group felt the United States obligations likewise suffered some revision in with speculative railroad and low-grade industrial MONTHLY REVIEW and public utility issues especially hard hit. the closing However, in generally of the month all groups moved day higher, and prices show favorable comparison with those a for December of last year. In the following table show, we usual, as the fluctua¬ tions for the month in the different issues of United States Government wise obligations domestic of and a considerable number, like¬ government and foreign corporate bond gold from abroad, due in large measure to the recurrence of widespread unsettlement in European political affairs and the ensuing disposition on the part of the central banking au¬ thorities in various countries to move substantial portions of their gold reserves to more distant points. Member bank loans and investments suffered further declines, with com¬ mercial borrowings decreasing by close to $70,000,000, thus again illustrating the absence of any substantial credit de¬ mand for current prices: business While purposes. further a ac¬ cession to the Jan. 3 Government Bonds Range During January Last Sale Lowest Treasury 4%s 1947-1952 119 Treasury 4s 1944-1954 114.17 Treasury 3%s 1946-1956 118.26 Jan. 26 119.14 Jan. 21 21 13 105.8 Jan. 23 28 106.27 Jan. 3 106.27 106.18 Jan. Treasury 3%s ....1943-1947 109.30 109.30 Jan. - 114.20 3 114.25 Jan. 27 113.28 Jan. 1941-1943 1941 119.4 114.17 Jan. Treasury 3%s 1943-1945 20 104.31 Jan. _ Treasury 3%s Sale Highest 113.10 Jan. ^ Treasury 3%s Treasury 3%s Treasury 3 %s._ Jan. 31 1939 First 107.6 - Jan. 3 110.9 - Jan. 6 - 106.22 18 26 107.12 Jan. - 105 107.6 109.27 109.22 Jan. 26 110.8 Jan. 18 1944-1946 110.1 109.22 Jan. 27 110.12 Jan. 17 Treasury 3%s 1946-1949 109.12 109.11 Jan. 26 109.27 Jan. 19 109.21 Treasury 3%s 1949-1952 109.2 26 109.21 Jan. 31 109.21 . Jan. 110 Treasury 3s 1946-1948 108.24 108.19 Jan. 27 119.7 Jan. 21 109 Treasury 3s 1951-1955 107.6 107.4 26 107.26 Jan. 20 107.20 Treasury 2%s.-_- 1955-1960 1Q4.21 104.12 Jan. 26 105.2 21 105 Treasury 2%s 1945-1947 107.4 107 25 107.19 Jan. 18 107.15 Treasury 2%s 1948-1951 105.22 105.19 Jan. 26 106.4 Jan. 31 Treasury 2%s 1951-1954 104.6 104 Jan. 26 104.24 Jan. 31 104.19 Treasury 2%s 1956-1959 103.13 103.4 Jan. 26 103.29 Jan. 21 103.23 Treasury 2%s.__. 1958-1963 102.28 102.20 Jan. 26 103.13 Jan. 31 103.8 31 103.9 Jan. Jan. Jan. 106.3 Treasury 2%s 1960-1965 102.25 102.20 Jan. 26 103.12 Jan. Treasury 2%s 1945 106.12 106.6 Jan. 26 106.24 Jan. 19 Treasury 2 %s 1948 105.2 Jan. 26 105.14 Jan. 24 Treasury 2%s 1949-1953 102.22 102.13 Jan. 27 103.4 Jan. 21 102.30 1950-1952 102.24 102.16 Jan. 27 103.5 Jan. 31 103.5 102 Jan. 26 102.17 Jan. 18 102.16 107.9 Jan. 5 107.19 Jan. 18 107.18 3 107.14 Jan. Treasury 2%s Treasury 2s - -. 1947 Federal Farm Mtge. ...... Corp.— 1944-1964 3%s _ 3s 1944-1949 106.27 3s 1942-1947 106.1 2%s 1942-1947 Home Owners' Loan 106.26 Jan. 106 Jan. 105.3 _ 30 107.14 106.5 Jan. 20 106.2 5 105.4 Jan. 12 105.3 3 107.11 Jan. 20 107.7 Jan. 11 Corp.— 3s series A 1944-1952 106.26 106.26 Jan. 2 % s series B 1939-1949 102.11 102 Jan. 26 102.20 Jan. 19 102.11 2%s series G 1942-1944 104.10 104.1 Jan. 30 104.18 Jan. 20 104.11 Opening Range for January 1939 Closing Price Foreign Bonds Price Jan. 3 Lowest Jan. 31 Highest Argentine external 4%b Australia 5s of 1925 1971 Belgium (Kingdom) 6%8 1949 1957 106 % 104 95% Jan. 97% Jan. 1952 noli 109% Jan. 111% Jan. 1944 108 107 108 Brisbane (City) 87 % 101% 1955 5s Canada (Dominion) 5s Cuba (Republic) 5s Denmark 6s 86% Jan. 87% Jan. 86% 96% Jan. 101% Jan. 99% 106% Jan. Jan. 1942 103% 100% Jan. 105 the call money rate on the New York Stock Exchange re¬ CALL LOAN 19% Jan. 75% Jan. Low 26% Jan. 80J4 RATES ON 102~~ Jan. 26" Japanese Govt 6%s Jan. mained unchanged at 1%. 94 106% Jan. THE NEW YORK STOCK EXCHANGE Renewal High Low Jan. 1 106% Jan. 2 22% Jan. 3 1 1 1 Jan. 85% Jan. 77% Jan. 4 1 1 107 105% Jan. 1954 impetus. Government financing weekly 91-day Treasury bill issues of $100,000,000 each to replace similar maturities. Gold imports during January totaled $97,200,000, namely $45,000,000 from England, $19,800,000 from Holland, $16,500,000 from Japan, $10,300,000 from Canada and $4,100,000 from Australia. Including grains through other transactions, the country's gold stock rose by approximately $170,000,000. Discount holdings of the 12 reserve banks fell from $6,980,000 Dec. 28 to $4,873,000 Feb. 1. Bills bought in the open market continued practically unchanged at the nominal figure of $556,000 Jan. 25, compared with $549,000 Dec. 28. Total member bank reserves rose steadily from $8,577,167,000 Dec. 28, to $9,166,063,000 Jan. 25, but dropped to $9,046,811,000 Feb. 1. Reflecting the huge accumulation of idle funds, money rates in some instances went below the extremely low rates quoted heretofore, with average yields on three to five-year Treasury notes standing at 0.65% as compared with 0.69% a month ago, and those on long-term bonds at 2.47% as againat 2.48%. 91-day Treasury bills were again sold at par or above on Jan. 4 and 11, whereas later issues went at a fractional discount, to provide a yield of 0.007% Jan. 25. Average rates of leading banks on commercial loans rose from 1.63% to 1.67%, while a new limited to the usual was 110% 103% Jan. 105 % be neutralized if the westward movement of gold should receive Jan. .1945 6s factors would 105% Jan. French 7%s stamped .1941 German (Rep) 7s stamped... 1949 Finland existing huge total of idle banking resources appears likely, a certain slackening in the rate of increase is anticipated, chiefly because a temporary slowing down iD the net disbursements of funds by the Treasury is foreseen and also because of indications of mild upward trend in the volume of currency outstanding, although these retarding 1 1 1 Jan. 18 1 1 1 19 1 1 1 1 Ian. 20 1 1 1 New South Wales (State) 5s. 1957 100 95 Jan. 100% Jan. 97% Jan. 5 1 1 1 Ian. 21 Norway 4s 1963 101% 99% Jan. 101% Jan. 100% Jan. 6 1 1 1 Ian.22.__. Queensland (State) ext 7s 1941 103 % 102% Jan. (City) external 6%S—1952 Sydney 5%s.._ 1955 68 % 60% Jan. 69% Jan. 100% 95% Jan. 100% Jan. Jan. 105 Jan. 7 63% Jan. 8 98 Jan. 9 Renewal High Jan. 17— Sunday Holiday Saturday Sunday Opening Railroad and Industrial Bonds Range for January 1939 Price Price Jan. 3 Alleghany Corp coll trust 5s. 1944 Amer & Foreign Power 5s Atch Top & S Fe gen 4s Bost & Maine 1st 5s ser Lowest 74 2030 53 1995 107% 28% Jan. 83 24 76 51 6 Jan. 29 Jan. 3 83% Jan. 118% Jan. 1 I 1 1 1 1 Jan. 25 1 1 1 1 1 1 Jan. 26 1 1 1 1 1 1 Jan. 27 1 1 1 Jan. 12 1 1 1 Jan.28 Saturday 13 1 I 1 Jan. 29 Sunday Jan. Jan. 4 109 19 Jan. 80% Jan. Chesapeake & Ohio 4%s Jan. 53% Jan. 106% Jan. .1950 1992 — Jan. 31 Highest 48% Jan. A-C.1967 Brooklyn Union Elev 5S Closing 1 Jan. 24 1 Jan. 11..— 31 1 Jan. 10.... Rome 11 107% 27% 1^_... Jan. 15 Jan. 16 1 Jan. 12 Jan. 61 Jan. 5 99% Jan. 31 30 Chic Milw Pt P & Pac 5s A.. 1975 11% C C C & St L4 %s series E...1977 60 55 Columbia Gas & El 5s.May 1952 Erie ref & impt 5s of 1927..-1967 94% 92% Jan. 14 10% Jan. 14 Jan. 3 Great Northern gen 4%s 111 Cent St L & N O 5s 1977 82% 78% Jan. 85% Jan. 5 1963 59% 53 Jan. 60% Jan. 5 99% 97% Jan. 99% Jan. 4 65 Jan. 71% Jan. 4 1 1 1 1 1 on security collateral show no change, quotations remaining at \lA% for 90-day loans and 1J^% for loans running 180 days. Trading in securities was only moderately active, and most transactions concerned, as heretofore, the renewal of older accommoda¬ nominal 98 71 1 Tan. 1 1 Time loan rates 56" Internat Paper 5s ser A & B.1947 Kan City Sou ref & impt 5S..1950 30 Ian. 31 Saturday Sunday ... with 12l" 121 Ian. 23 Saturday Sunday 66% 8% Jan. Jan. 3 9% 56 99% 11% Mo Kan Tex cum adj 5s 1967 16% 13 Jan. 17% Jan. 5 Morris & Essex 5s. 1955 50% 50 Jan. 53% Jan. 1946 77% 76 Jan. 78% Jan. 6 53% 48 Jan. 55% Jan. 6 51% New Yofk Steam 3%s Northern Pacific 4s .1963 101% Conv deb 3%s____ 14% 1952 S'western Bell Telep 3s-_.__1968 101% Jan. 103 Jan. 20 102% 83 1997 Pennsylvania RR deb 4%s._1970 79% Jan. 8(4 Jan. 16 81% 86% 81 87 Jan. 3 82 77% Jan. 84% Jan. 5 104% Jan. 89% Jan. 105% Jan. 20 104% Warner Bros Pictures 6s.__.1939 92% Western Maryland 1st 4s—1952 82% Jan. 79 94 80" 105% Jan. 9 93 83% Jan. Jan. RECORD OF TIME 6 80% LOAN RATES Rates on Mixed Collateral 78" N Y C & St L 4 %s series C..1978 DAILY 9 New York Central 3%s tions. 30 Days 60 Days 90 Days 4 Months Jan. 1... Jan. 2 J an. 3... 1% Jan. 4... 1% Jan. 5... 1% 1% 1% 1% Jan. 6... 1% 1% Jan. 7... 8... 6 Months Satur day Jan. 5 Months Sun day Holi day — 9... Jan. Sun day 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% Stock sales—No. 1939 of shares.. STOCK EXCHANGE 1% 1938 25,182,350 1937 24,151,931 58,671,416 1936 67,201,745 fnar value)— Bond sales Railroad and miscellaneous 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% Jan. 12 1% 1% 1% 1% 1% 1% 13... 1% 1% 1% 1% 1% 1% Jan. 14 Jan. Month of January— ON THE 11... Jan. BUSINESS 10 Jan. OF 1% Jan. VOLUME 15... Jan. 1% Satur day Sun day bond sales...- VOLUME OF BUSINESS ON THE CURB EXCHANGE 1% 1% 1% 1% 1% 1% 17... 1% 1% 1% 1% 1% 1% 18 1% 1% 1% 1% 1% 19 1% 1% 1% 1% 1% 1% 1% Jan. 20 1% 1% 1% 1% 1H 1% 21 Satur day Jan. $159,611,000 $165,910,000 $342,687,000 $476,137,000 16 Jan. Jan. Total $131,490,000 $128,981,000 $267,568,000 $404,531,000 20,540,000 20,576,000 49,481,000 38,488,000 7,581,000 16,353,000 25,638,000 33,118.000 Jan. Jan. State, municipal <fc foreignUnited States Government 22 Sun day 1% Jan. Month of January— 1939 Stock sales—No. of shares.. 4,174,779 $41,168,000 420,000 $25,851,000 432,000 621,000 $42,020,000 $27,010,000 19,777,580 Bond sales (par value)— Domestic Foreign government Foreign corporate Total bond sales . .■ . 538,000 THE MONEY MARKET DURING In line with $56,354,000 $126,347,000 1,740,000 2,368,000 . 1,995,000 1,076,000 $60,089,000 $129,791,000 JANUARY expectations, and reflecting the usual postholiday reflux of currency from circulation as well as con¬ tinued heavy Government spending, excess member banks reserves experienced another sharp upturn carrying their total to a new peak of $3,600,000,000 Jan. 25, but fell off to $3,480,000,000 on Feb. 1 due to month-end requirements. As heretofore, an important contributing factor towards swelling the volume of idle funds, was the further influx of 1 % 1% 1% 1% 24.. 1% 1% 1% 1% 1% 1% 25.. 1% 1% 1% 1% 1% 1% 26.. 1% 1% 1% 1% 1 % 1% Jan. 27— 1% 1% 1% 1% 1% 1% Jan. 19,529,347 1936 Jan. Jan. 4,357,245 1937 23 Jan. 1938 28 Satur day Jan. 29 Sun day Jan. 30 1% 1% 1% 1% 1% 1% Jan. 31__. 1 1% 1% 1% 1%. 1% % 1% Commercial paper was again in active investment demand, notably for high-grade names, but dealers were unable to acquire more than moderate amounts of new paper. The prevailing rate for average grade prime commercial paper of 4 to 6 months maturity weakened from Y % to a range of to V8%. Under date of Jan. 12, the Federal Reserve Bank of New York announced that returns received from commercial paper dealers showed a total of $186,900,000 of market commercial paper outstanding on Dec. 31. compared with $206,300,000 at the end of November and $279,200,000 Dec. 31,1937. open 15 MONTHLY REVIEW Feb., 1939] RATES FOR MONEY NEW AT its gold unnecessary. Other factors influencing the growth in bank reserves in Week Ended— Jan. 28 Jan. 21 Jan. 14 7 Jan. prompt reimbursement for in sufficient abundance to make YORK outlays the on five-week period $53,983,000 the were drop the in in the Reserve banks, the $27,000,000 increase in Treasury currency, and the $45,000,000 decline Treasury's Call loans on Stock Exchange: 1@1 deposit Range for week (mixed <fe Ind. collateral).. 1@1 1@1 1@1 Week's aver, (mixed & Indus, collateral).. 1 1 1 1 IX IX IX IX The only offsets to these additions to IX IX IX IX IX the Ninety days IX IX IX Fourmonths.. IX IX IX IX reduction in Government securities was unchanged as to total amount, though the System did shift out of $52,984,000 of Treasury bills into a like amount of Treasury notes. The wonder was that the System took pains to replace its bill maturities at all, for on Dec. 30, 1938, the Federal Open Market Committee issued a state¬ ment notifying the market that "it may be necessary from time to time to permit bills held in the portfolio to mature without replace solely because of technical con¬ deposits and other Federal Reserve accounts. in non-member Time loans (mixed & Indus, collateral): Thirty days Sixty days IX IX IX IX IX Five months iX IX IX ; Six months Commercial . single names: Prime 4 to 6 months. x@x, x@x x@x x@x Good 4 to 6 months x@x x@x x@m x@x Trading in banker's acceptances remained inactive as the amount of offered abatement in bills continued very small, active investment demand the although no noted. was Outstanding acceptances, according to the monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York, published Jan. 13, totaled $269,605,451 Dec. 31, compared with $273,327,135 Nov. 30, 1938, and $343,065,947 Dec. 31, 1937. Domestic warehouse credits declined from $49,038,333 Nov. 30 to $45,147,797 Dec. 31; bills based on goods stored in or shipped between foreign ■countries from $56,728,727 to $55,539,867, while import bills increased slightly from $94,483,766 to $94,563,220, export bills from $59,197,508 to $60,071,510 and domestic shipment bills from $10,418,913 to $11,594,185. An aggre¬ gate amount of $211,999,213 of bills was held by accepting banks, of which sum $120,833,080 concerned own bills and $91,166,133 bills of others. Rates for bankers' acceptances continued to be quoted at A% bid and 7-16% asked for 30day, 60-day, and 90-day bills, at 9-16% bid and lA% asked for 120-day bills, and at A % hid and 9-16% asked for bills running 150 and 180 days. The New York Federal Reserve Bank in its "Monthly Review" discussed conditions in the market for bankers' acceptances as follows: "The small volume of acceptances available to dealers continued to restrict the activity of the bill market during January, and no change occurred in quoted rates. The amount of bankers' acceptances outstanding, which had shown a seasonal increase of $15,000,000 during the pre¬ ceding three months, declined $3,000,000 in December, chiefly because of reductions in outstandings of domestic warehouse bills and in bills based on goods stored in or shipped between foreign, countries. The December volume of out¬ standing bills was $73,000,000 less than a year previous, reflecting principally declines in import, export, and domestic warehouse bills." 90 Days 60 Days 120 Days 150 Days 30 Days 180 Days Accept'ces Bid tt- Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid <fc Ask 1 Sunday Holiday Xa716 Xa'is Xa7i6 'is aX Ha'n Xa'is Xfl716 X«716 Xa'is Xa'lS •isaX Xa'is Xa'u 5 X a'lS Xa'is »isaX Xa'is Xa'is 6 Xa'u Xa'is Xa'lS 'isaX Xa'is Xa'is ..... 4 ■■ 7 . Saturday Sunday 8 9.... Xa'is Xa7i6 »isaX Xa'i6 Xa'is Xa'is Xa'is "isaX Xa'is Xa'is Xa'is Xa'u Xa'is Xa'is »isaX Xa'i6 Xa'is Xa'i6 Xa'is "isaX Xa'is Xa'is Xa'is X0718 9isaX Xa'is Xa'is 16 Xa'is Xa'is Xa'is 'isa X Xa'is 17 Xa'i6 Xa'is Xa'is 'isaX Xa'is 11 ; 12 13 14.... Saturday Sunday 15 . . These small the included technical conditions in and supply the the keen quently difficult to obtain. In this warning, however, the open market possible to replace its maturities. The weekly bill offerings of the Treasury were placed at par or better in the first two weeks of January, but some bills spite which of found account had year-end it been acquired window to too purposes with Industrial banks. of the $14,811,000, lower and on the market without bidding the price up member discounted for Bills in December for came Moreover, the System was able purchase Treasury notes sharply. coincident institutions by dressing after the turn of the year. banks accumulation of declined advances commitments decreased $2,107,000 the surplus funds in $877,000 to total a to make advances were The principal items in the decline of by $1,269,000. $45,000,000 in non-member deposits and other Federal Re¬ serve accounts were the decline of $21,937,000 in foreign deposits and the decrease of $13,682,000 in other de¬ bank After the $410,000,000 increase, excess reserves to $3,480,(X)0,000. The record high for member posits. amounted bank surplus 25 Jan. at was established were reserves climbing to levels never be¬ on $3,600,000,000. While fore The reserves excess bank credit was noticeably attained, on the decline. proficient monetary policy has proved much more new building up bank reserves than in providing new oppor¬ of bank funds. In the case City banks, loans and invest¬ ments declined $214,000,000 in the five weeks ended Feb. 1. Loans dropped $115,000,000 and investments $99,000,000. Loans to commerce, industry and agriculture were liqui¬ dated to the extent of $21,000,000, and open market paper declined $7,000,000. Security loans, as set forth in more detail below, were being liquidated. The holdings of direct Government securities of the reporting New York City the the for emi>loyment reporting New York decreased issues increased Xa'i6 ' portfolio of market." the banks Xa'is Xa7 le ..... 10 of bidding for Treasury bills and the fact that short-term notes were selling on a no-yield basis and longer-term notes were fre¬ market of Secured by banks' . in tunities Call Loans 2.... credit in use. the volume Reserve ditions at PRIME BANKERS' ACCEPTANCES 3 the" $28,000,000 Federal Reserve The paper: Double and bank reserves were $63,000,000 increase in Treasury cash and $178,000,000, but Government-guaranteed $43,000,000, and other securities were up $36,000,000. Taking up of subscriptions on Feb. 1 to the $100,000,000 of United States Housing Authority notes sold during January helped to swell the banks' holdings of Government-guaranteed Xa'is issues. Loans and investments of the Xa'is reporting banks in 101 prin¬ ' 18 Xa'lS Xa'is 19 Xa'is Xa'is Xa'is 20.... ..... Xa'is Xa'ie Xa'is Xa'is 'isaX Xa'is Xa'is Xa7i« Xa7i8 21 #i6aX 'isaX Xa'u Xa'is Saturday Sunday 22 Xa'is Xa'is Xa'is 23_._24 25 27 to Jan. 'is aX Xa'is Xa'is Xa'is Xa'u •isaX Xa'is Xa'is Xa'is Xa'is "isaX Xa'is Xa'is Xa'is Xa'is 9isaX Xa'is Xa'is $92,000,000. Xa'is Xa'is 9isaX Xa'is Xa'is the Saturday Sunday 29 Xa'ie Xa'is Xa'is 9isaX 31 Xa'is X«718 XaUs 9isaX OF THE FEDERAL BROKERS' Xa'is Xa'i6 RESERVE BANKS- LOANS IN NEW YORK CITY now familiar pat¬ expanding reserves as holiday currency was retired circulation, the Treasury spent more than it took of tern from in, and gold flowed in from Europe. these influences actual the Xa'is Xa'is banks, January presented the the crease made of $410,000,000 the in bank of $469,644,000 reserves amount the credit of member standing to The combination of increase an member of volume for vestments of and excess banks on the an in in¬ The of $666,496,877 418,040 amounted 000,000 to increase of bank Feb. 1 Dec. 28 to was the reserves return the in flow of circulation. The retirement of currency $249,000,000 net. The gold stock rose $186,new high record at $14,694,000,000, and this to a is a transactions better made index to the of the contribution store of bank which reserves than increase as in to compared that gold only with the the Treasury certificates held by the Reserve banks $159,499,000, the smallness of the rise, the was on Jan. 31, 1939, which compares with $597,- Jan. 31, 1938. COURSE OF STERLING gain in the gold stock, indicating receiving funds from other During EXCHANGE IN JANUARY sources the first week of the month cable transfers sold compared with the extreme low on down to Sept. 2S during the Munich crisis of $4.61. The and on The gold change in the item gold certificates on hand and due from United States Treasury in the System's statement. The amounted on of from currency securi¬ Street loans, as compiled by the Newr York Stock Exchange, decreased $50,587,452 to a total declined $12,000,000. Sterling exchange was under severe pressure in January. principal source of supply weeks from issues addition, other loans for purchasing or carrying In ties reserves books while increased $15,000,000 and other securities were up $10,000,000. Rather heavy liquidation in the week ended Feb. 1 was entirely responsible for the net reduction of $39,000,000 in New York City reporting bank loans to brokers and deal¬ ers—the so-called brokers' loans—in the five-week period. the Federal Reserve banks. five The banks' investment in direct obligations of States Government declined $147,000,000, United Government-guaranteed 30 For $314,000,000, with loans off $192,000,000 and in¬ off $122,000,000. Commercial loans declined Xa'is 28 RETURNS 25, outstanding credit of the weekly reporting banks decreased Xa'is Xa'is Xa'is 26 cipal cities also declined, though less sharply for the banks outside New York City. In the five weeks from Dec. 21 $4.62 7/16 as was correspondingly high, Jan. 4 reached the record high of 150s. 5d. per ounce. price of gold in London sterling rate improved after Jan. 6 and became ex¬ ceptionally steady owing to the strenuous measures taken by the the British gold reserve of authorities. Chief of these measures was Fund's by the transfer of £200,000,000 from the Bank replenishment of the Exchange Stabilization England. The report of the British Treasury showed that during the half-year ended Sept. 30 the equalization fund had lost 16 49% of ment fine its holdings. gold the to fund's semi-annual The Treasury showed 42,546,000 $758,940,000, compared as approximately $1,489,110,000 worth ounces state¬ of 21,684,000 holdings gold worth approximately ounces with These figures did not include the gold in the vaults the Bank of England, 76,844,000 fine 843,000 fine Between in the holdings on of the date held apart are from the re¬ compared with as accounting and the first the market was generally convinced, of the exchange fund had dwindled It was estimated by 1938 the reduced observers reliable of reserves to not 76,- week the gold still further. stabilization placed the fund's total fund had reserves .at a tion Fund, Bank the reduction a £127,065,869. of in England's statement its coin total gold and for Jan. bullion 11 just prior the to note issue effected by a was ratification The of result heavy fine the of limit, This expan¬ gold reserves British 1938 and also market open between ,148s. per was foreign drew gold price 5%d. and 150s. during in cooperate the at statu¬ curbing speculation against requested to were the cease In the movement of British short-term funds to the New York market and thereby diminish the gold flow from London to The London city banks were prompt to comply Exchequer's aims New in and York arranged the at to lowest keep their practicable minimum. resources limited that of the British Exchange Equalization Fund law both. It enlarge or reserves gold stocks Feb. 1 £375,000,000, asserted was the Notes Act of 1928. gold to legislation would new replace by in either of scope in sterling well-informed be introduced The extent the in Parliament to Currency of the drain or quarters on and Bank the British is indicated by the fact that the United States increased between the end of September and by $934,418,445 to $14,694,000,000. A circular issued in the middle of Foreign Exchange Committee In in sterling purchase colonial for were the foreign its attitude with instructed to make enabling their clients to foreign securities, or even currencies, pounds. reasonably assured of their commercial character. All for¬ gold transactions were prohibited except in cases where a general commercial operation had taken place against which the only possible hedge was a forward pur¬ ward be sale or allowed had their to run of gold. Advances against gold were not to except where obtained by bullion dealers who credits against gold in the normal course of business. Commercial pound. The its ish trade were balance registered the year. Britain. damentally the sole Gold on amounted December, undoubtedly adverse to the was unfavorable, as foreign a a severe However, decrease business during the and last commercial negligible part in the flight of funds Political cause factors in Europe were fun¬ of the financial disturbance. the 177.00 148s. 8«d, Jan.28 176.98 148s. 8Hd. 9><$d. lid. Jan.29 ' 8d. DAY' SUN Jan.30 177.00 1488. 7lAd. Jan.31.... 9^d. 176.89 148S. 61. 8V*d. 148s. the foreign exchange situation during on the principal Euro¬ pound sterling. After the middle of the month, how¬ increasing tension in Europe occasioned by such de¬ velopments as the dismissal of Dr. Schacht from the BeiclisJan. 20 and the bank on gent Spanish held army and weaker capture of Barcelona by the Insur¬ Jan. 26 gave the exchange on although underrone, nervous a market rates were steady except in the case of the guilder. going from $4.64 when from refrain 1938, $4.62% to on Jan. 3 transactions forward in against gold, advances London the in in this market from facilitating banks 31, Dec. after the holidays. the Bank of England requested that the London On Jan. 5 market market and scrutinize gold and further that foreign exchange view to eliminating undesirable trans¬ The Bank of England also asked for the coopera¬ with operations actions. tion net gain of 3%c. for the month after a on trading reopened a authorities in of the certain foreign markets in limit¬ ing speculation against sterling by way of gold operations. On Jan. 6 the Bank of England transferred £200,006,OCX) in (£350,000,000 at current gold, valued at the statutory rate prices), to the Exchange Equalization Account. The effect of these measures, which showed a ■ determination on the part of the British authorities 10 maintain the pound, to which carried quotations from $4.62% covering, to was bring about a rally in sterling under the impact of short $4.68% of gold in on on Jan. 3 Coincident with this rise, the price Jan. 7. London fell from 150s. 5d. Jan. 4, on an all-time record, to 148s. 9%d. A reaction to $4.67 and a renewed firming to $4.6S% on Jan. 18 occurred before the dismissal of Dr. Schacht caused the rate to ease again to $4.67%, where it was held steady within very a narrow range for several days before closing the month at $4.67 13/16. Quotations on forward sterling improved during the month equivalent to 2%% discount a months' contracts on British authorities exchange annum per 4 to j%% Jan. for three the montli-end. It in the forward market by reported that intervention was ^as at important an factor in narrowing the discount. "In in the French franc weakened sympathy with sterling, York at New recovered within a despite the opening $0.0264 to range of one 1/16 Jan. on 7, and Franco-Italian of army franc at its highest level in terms of was advanced when the quotation weakened quently month firm tension In the the Jan. 3, as London sterling on 176.62 francs per pound; it subse¬ was 177.43 to Barcelona. on 13, Jan. on but closed the 177. at "Considerable weakness developed the remained point for the remainder of the month, heightening the of the year to $0.0261 15/16, insurgent month, of the From partly result a as in the of the guilder during disturbed European £13,509,000 with £19,260,000 314,000 in October. The in mean November, and with London check rate on proceeds of loans floated in the Amsterdam market. in £21,Paris high of $0.5441 in the a fell guilder to low a of New York market on Jan. 7 $0.5363 near the month-end before recovering to $0.5402, while in London it depreciated 8.51 guilders per pound on Jan. 3 to 8.72 on Jan. 28, The Swiss franc declined and 8.69 at the end of the month. from $0.2260 on Jan. 3 to $0.2257 near the month-end, but recovered on pound offer in the London open market during January to £13,281,000 as compared with Jan.27 lOd. political situation and partly because of the transfer abroad factors played only Great 148s. ever, from from 176.96 8Md. currencies strengthened against the dollar, as the Brit¬ authorities took steps to bolster the forces defending deposits had factors 8^d. 148s. pean the of 83^d. 148s. "Monthly Review" for Feb. 1: the early part of January trade had declined throughout 1938 and production for both domestic and foreign trade was sharply curtailed. Bank quarter 148s. 177.00 January, the Federal Reserve Bank of New York said in overdrafts no of purpose The circular stated that foreign exchange operations might be freely undertaken where banks were chase 176.97 177.01 Jan.25 Jan.26 148s. commenting Jan.23 Jan ..24 148s. 177.26 DAY SUN 9^d. DAY SUN ■ 8Hd. 7^d. 148s. DAY SUN Jan.16. from January by the London stressed respect to the free functioning of the foreign exchange mar¬ in so far as it is occupied in financing normal trade Banks 8^d. Jan.21 Jan.22 ket transactions. 148s. Id. 6d. "Sterling showed this connection it should be recalled that an Dec. 20, 1938, the Department of the Exchequer reimposed restric¬ tions on British foreign lending with the object of arresting balances 7d. 177.03 150s. 149s. The making loans against gold when purely speculative opera¬ tions were involved, and to stop direct speculation in gold and foreign currencies. the 148s. 176.67 ounce. The financial organizations New York. 177.19 177.20 a 5d. adopted to strengthen the pound included request by the British Treasury that all banks and bul¬ firms 5«d. 6 177.34 legal 7Xd. 148s. 5.-- 177.34 the 148s. Jan.20 5d. 148s. 177.21 Jan. Jan. 15_-... measures gold, or 150s. Jan.14 England's gold continued to be held The 176.60 177.23 177.26 Jan.19 4 177.35 Gold Price Jan.17 Hd. Jan. .. Paris Jan. 18—.. 150s. 148s. Bank of are DAY 148s. ranged tory price of 84s. lOd. on DAY 176.63 177.17 both quarter although ounce, floating 2. Jan. 177.11 January with SUN HOL1 1 Jan. Jan.12 Septem¬ The equalization fund continued to value its gold at 140s. lion Gold Price .... Jan.11 in gold from London. pound. Paris on 149s. last a London Open Market 177.03 of / London Check Rate Jan.10 the Bank's state¬ London Other Mean London 148s. British the Jan. 3. on Open Market 177.22 The repatriation of French funds from per $4.62 7/16 was Mean 9 £170,000,000. transfers of the low "During of bills, London 7. funds to New York. during four-months' PARIS AND PRICE OF GOLD IN LONDON 8-- Treasury minute which will require depletion 9/16%; Check Rate by Parliament. severe at Jan. 18, and the on Jan. to £400,000,000. As at the same time the £30,000,000 increase in the fiduciary issue instituted Dec. 6, 1938, was rescinded, the $4.68% LONDON CHECK RATE ON Jan. £200,000,000, the net enlargement amounted to market open and six-months' bills, %%. Call money against bills was available at %%. Sterling cable transfers sold on Jan. 3 at $4.62 7/16@$4.03 1/16, and on Jan. 31 at $4.67% @$4.68 3/16. The high for sterling in January was Jan. suspension from New 19/32%, recom¬ The Bank's gold loss was partly offset by increasing the fiduciary London ounce. Jan. reserve ber, 1931. sion bills £150,000,000 and with of £136,S80,000 in reserve an The of rates were steady throughout the month, with two— Jan.13-.- the total and 176.60 (fav¬ market gold price ranged (Federal Reserve Bank $35 at open of 150s. 5d. and 148s. 5%d. gold three-months' and been Equaliza¬ This compares with the minimum mended by the Cunliffe Committee of ment price for continued money Jan. showed to American much lower result of the shift of gold to the Exchange a (favoring London) The London between the historic high than £75,000,000, while less optimistic more figure. As oring Paris). that in the last quarter sources the of The Bank of England held on Sept. 30 March 30. ounces ounces January, of which of the exchange control. serves ranged between 177.35 York) March 30. on REVIEW MONTHLY to $0.2259% sterling over Jan. month the 30; against the 20.48 francs to the it from eased pound to 20.71%." Changes during Jan. 4 in the January a decrease gold holdings of the as follows: For Bank of England the week ended of £100,966; for the week ended Jan. 11 were German a decrease of £200,034,740, the result of the sale of £200,000,000 in gold to the Exchange Equalization Fund; for the week ended 18 Jan. ended Jan. 25 ended Feb. 1 decrease a increase an increase an of The Bank's gold with holdings from conditions Internal of follows as Federal Reserve "Gold in the Bank of New continued ([Continued itototctc to to to 1 >00 ►JKWtO* flow to into while month, amounting substantial, showed i • l 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 t I I I i i i i i i I till 1 I I i i t largest ** although at 9/16% and was funds a a a a a 4* ( a n . > a a 4. 4. if. 5 a relatively firm in between MQ0 00 00 00 -J to (- If. if. If. If. If. m. |^H*lf.|f.|f.M. If. H* If. If. If. OTHER i^. |fk |ffc H* OS OS OS os O) a a cb o OS OS OS E J? J4 at i- a Cn o> at a a a a a W sT&i* *0\ 00\ CC\ o, a a a a a if. if. if. if. if. a » & $ ** rf* rt* > a a a a a ** ** rt* rf* rf* ** if. lf^ if. if. !&■ if. \M \M financial French and Co *d00Q0 00 Q0<l if. if. 4. if. if. if. it. if. it. if. if. 4. if. if. it. it. if. if. if. if. if. if. if. if. OS OS moo OS OS OS OS OS OS OS OS OS OS OS OS mmmoomm OS OS OS OS OS OS mosmososos OS OS OS OS OS m m if^ co to if. If. if. if. if. if. if. if. If. if. If. if. OS OS OS OS OS OS OS OS OS OS OS OS < os Cn Cn oi i Os m m -i -J -J -J If. If. if. if. if. if. If. if. )O>0>0> os os CO ly „ COOSMOSMOSOS CO o> a* > — , sXXssVS* o» 2 o» OS OS OS OS OS M OS CO M to l- ber. The was if. 4.U ba bs >* O Ob C5 as ?*bsbsbsbsbsbs ?*bsbsbsbsi bs k*"os bs bs b» bs MMhd Ci 07 05 I^OSMMMMOS .ris; £&£ w\ ODN 00N P0\ 00N 00\ QO\ it. it. if. if. if. if. if. if. ^ if. if. it. if. if. if. if. if. if. if. if. if. if. if. if. OS OS OS OS OS OS OS OS oscnoicncncn OS OS OS OS OS OS cnososososcn OS OS OS OS OS OS en Cn cn if. 01 Ot OS OS OS OS OS ostCM^o a osos a Q a a if. if. if. If. If. 1^ If. If. p if. if. if. if. te i OSOSHj-.IOSWMi-'^fHd os os os os c i? Sir s ~ oo\ o, H ooS a a a a a a if. if. if. it. it. if. a a a a a if. if. if. if. it. if. a a a a a a a if. if. if. if. if. it. 'bs!^ A OS OS OS Cn os os cn os en OS OS en ^ v- cn \w \oo \i-« \&i \.a — v» \w \» ^ ■* States if. if. if. it. if. if. if. if. if. it. if. if. if._if. if. if. rf. ^ if. if. OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS-J-4-I-JOS OS OS OS OS OS OS OS OS OS Cn OS OS end an OS OS OS OS OS —f OS W fo I—1 £ • situation If. if. if. If. If. if. If. If. If. if. if. If. If. if. if. if. if. If. If. If. if. If. If. OSOS continued OS OS OS OS OS OS M OS OS M OS M OS OS as OS OS OS OSOSOSOSOSOS OS OS OS OS OS MMMMMOS M OS OS OS OS OS MOSOOKSM £^£^ =£^5^ £& »£ of November and December still was in DAILY RATES by the middle of the month. its rate of rediscount from gold from the United Auriol the 2%% Despite States, and in 1936, after devaluation. the apparent improvement in the financial marked 1_ Jan. 3. Jan. 4. Jan. Jan. ,62h«a2.62si» 22.59o22.60H 22.59.Ha22.61 4.21 a4.21 H O22.60 4.21 %a4.23 .62haa2.62}i 22.58Ha.59H 22.59 .62 M a2.63 22.56a22.58% 22.56%a.59% 4.21 %a4.23H 2.63Ha2.635i 2.63 ^a2.64 2.63^a2.63M 2.63Ma2.63H 2.63 a2.63M 2.63Ha2.63J^ a22.59 22.58 H022.60 4.24Ha4.26 .63^02.63% 22.58 ' a22.61 22.60 %a.61% 4.23%a4.26 ,63%o2.64H 22.60 a22.61 4.24%a4.25 .63 %a .63"u 22.59Ha.60H 22.60 a22.60 22.59 Ha22.61 4.23%a2.25H ,63Ha.63«i# 22.59 O22.60 22.59 Ha.60H 4.24 ,63^a2.63^ 22.59 a4.25H a22.60 4.24H04.26 22.58Ha.59H 22.59 ,63^a2.64 .62% .64 a .63lsi« 22.57Ha22.59 22.58a22.59H 4.22 a4.2534 a2MH 22.58a22.58H 22.58Ha.59H 4.24% a4.26 SUNDAY Jan. 11-. 12.. Jan. 13-. decline a2.62^ 2.62s»a2.62H 2.62j^tt2.62?/8 2.62^a.63»i« 2.63^a2.64H 2.62 Jan. Jan. severe Checks SUNDAY HOLIDAY Jan. greatly depressed, owing to the Cables 2. in production, and retail trade in all but immediate crease necessities continued Checks Jan. Jan. no Escudo Cables Jan. in¬ was Portugal Franc Checks Jan. position of the Bank of France there Switzerland Franc On Jan. 3 the Bank of France low rediscount rate—in 1931, in order to check the a OF FOREIGN EXCHANGE France to 2%. Only twice before in this century had the Bank of France had influx of |bf 9. a H early January, though it seemed to have come ling ruled in favor of Paris. such tl?l 11.1 » FOREIGN EXCHANGE economic Throughout January the franc in terms of pounds ster¬ reduced oa'Sb j^tf.j^tf.if. OSOS OS -vj of repatriation of French funds from abroad which evidence in to ^ H a o> improved tone which became apparent in Octo¬ feature a PH CD s-jTSxsfs-jxgxxsxs-oa S o» if. if. if. if. if. » CO © ******* a MM to show the II OS OS OS OS OS OS OS OS OS If. if. The o? a a a a a if. if. if. if. if. January, discount a ^£ co 9 OS OS © OS OS OS MMMM' If. u. " A a a a a^a if. if. rf. if.»(. if. a a ^ OS OS OS OS < States during H* ****** ** OS OS OS OS OS a a rf* OS OS OS OS OS OS M imports ranged CONTINENTAL AND 111111(1 ^ i— discount of 31/32%. a 4 O < discount with respect to the United a Montreal dollar. I tfk ** China." exchange I i i I <© Canadian I i I I approximately $170,000,000, further decline in the rate of reported I i I I 1*1111111 of $97,200,000, to gains through transactions in foreign earmarked accounts of about $8,000,000, and to gains through other transactions aggregating $65,000,000. The larger part of the imports, totaling $75,300,000, was received at New York—$45,000,000 from England, $19,800,000 from Holland, $10,300,000 from Canada, and $200,000 from Mexico. On the West Coast a total of $21,900,000 was received, consisting of $16,500,000 from Japan, $4,100,000 from Australia, and $1,300,000 from currently I i « a to I I l I t to a reflected 05 Cn 4* CO to b* I 1 I • I 1 acquisitions from the peak level of last September. The inflow of gold, which began the month in sizable amounts, diminished for about 10 days ending around the middle of the month, following the development of a firmer tendency in the pound sterling, but increased again in the second half of the month after the pound and the Dutch guilder had weakened somewhat. "For the month of January the rise in the gold stock due i I I gold was l I 1 Feb. 1: United the in 53) on page 'OCOOOSOOI^COMHOCO 00 I "Monthly Review'' of the York for usual fully not are I t I January, but the total increase in this country's gold stock the Germany gold movement at the Port of New York the outlined were in • as Details than The rigidly con¬ exchange rate fluctuations and the published state- trolled The Bank's gold 1931. September, in of Oct. 14, 1937, of £328,144,903 were the in its history. for Schaeht £136,880,000 in the Bank's statement just prior to the suspension of gold widely more Jan. 20, when the removal of the presidency of the Reichsbank was by published banking and trade figures. Feb. 1 stood at £127,196,820 as compared on fluctuated announced. and for the week £110,085. of Dr. for the week £31,552; £52,418, of marks January, especially around with £327,100,609 in the statement for the week ended Jan. 4; with £326,987,627 a year earlier; with the minimum of £150,000,000 recommended by the Cunliffe committee, and holdings 17 MONTHLY REVIEW Feb., 1939] 10- Jan. 14.. Jan. 15.. Jan. 16.. At the end of the month the index of wholesale prices in France had reached 671 on the basis of July, 1914, as 100. Jan. 17-. 2.63^a2.63M 2.63 ^c2.64 Jan. 18.. 2.64 Jan. 19.. 2.6315i#a .64sib That the various devaluations Jan. 20.. 2.64 a2.64H Jan. 21.. 2.64 a2.6iX Jan. 23.. 2.64 Jan. 24.. 2.64 Jan. 25.. 2.64 a2MH <z2.64H a2MX Jan. 26. 2MHa2MX 2.64 a2MH 2.64 a2MH ,641i#a2.645i# 22.56Ha.57H 22.57 2.64 .643iea .6411!# 22.57 in the income and savings the of middle class resulting from the several devaluations of the franc. the increase the fact that in the index on were number chiefly responsible for may also be from Sept. 12, 1936, it stood at 400. On Jam 17 details of the application of the Contribution," in effect was seen 2% "National forced loan, were published. It originally estimated that this additional tax on wages and income would yield mates a 3,300,000,000 francs, but final esti¬ a2.64M Jan. 27.. Jan. 28_. Jan. 29. Jan. 31. 4.24%a4.25H 4.24Ha4.26H 4.24%a4.27 4.24Ha4.26H 4.24Ha4.26H 4.24 a4,26 SUNDAY Jan. 22.. Jan. 30. placed the yield at 1,000,000,000 francs less. SUNDAY 22.58a22.59H 22.58Ha22.60 63.%a2.64 a22.60 63%a2.64% 22.58 Ha.59 H 22.59 64Ha2.63% 22.58a22.58H 22.58%a22.59 641i#a2.64si# 22.58a22.59H 22.58Ha.59H 64%a2.64si« 22.58a22.58% 22.58Ha22.59 a22.61 64%a2.647n 22.59Ha.60H 22.60 o2.64»i6 2.64^a2.647i« 64%a2.64% 64»x«a2.64% 64%a2.64% 64%a2.64% 22.57 22.55 a22;60 22.57 H a.60 H 4.24%a4.26 a22.57 22.55%a22.58 4.24%a4.26 a22.57 22.56Ha.57H 4.24%a4.26 22.56Ha.57H 22.56 %a.57% 4.24%a4.26 a22.58 4.25%a4.26 ,64%a2.64% 22.57Ha22.58 22.58a22.58H 4.23Ha4.26 SUNDAY 22.56 a22.59 22.57Ha.59H 4.24Ha4.26 64%a2.649i# 22.58%a.59H 22.58%a22.60 4.24%a4.27 The 1914 franc contained 290.322 milligrams of fine gold, compared with 44.1 milligrams in the 1936 franc, and with 24,75 milligrams in the present franc. In comparison with the French banking position a year ago, the returns of the Bank of France show important differences. The gold reserve, which was 58,932,868,325 francs on Jan. 20, 1938, was 87,265,734,185 francs Jan. 26, 1939, but the value of the metal has been reduced from 43 milligrams to 27 milligrams. The ratio of gold reserves to circulation and deposits was 49.66% a year ago, and now stands at Paris cable transfers sold and Jan. 31 at on on on 62.44%. of 1/16@2.62 5/16, a internal political difficulties experienced by the Spaak ministry over the unemployment relief features of the 1939 budget and also because of repatriation of French funds from Brussels, bedame firmer in January, and was steady throughout most of the month at 16.90@16.91% for cable transfers. The Belgian banking and currency system is essentially strong. Belga cable transfers sold on Jan. 3 at 16.86%@16.87%, and Italian lire, as Jan. 31 at 16.90%@16.91%. during all of 1938, was steady in January on due to the strict control at Rome. sold on Jan. 3 at @5.26%. Cable transfers 5.26%@5.26%, and Belgium Belga Checks Cables Checks Jan. Cables Checks SUNDAY Jan. Hungary Pengo HOLIDAY Jan. 40.09 a40.12 40.09Ha40.13 40.09Ha40.12 40.10a40.12H 40.10 a40.12 40.10Ha.12H a40.11 40.08Ha.10H 40.09 Jan. 40.08 Jan. Jan. Jan. Jan. 40.07 Jan. 16.86 al6.87 16.86 Ha.87H 16.86 19.66al9.80 al6.87 19.66al9.80 16.85Hal6.87 16.87al6.89H l6.89Hal6.91 19.66al9.80 a40.09 40.07Ha.09H 16.88al6.88H 16.88Hal6.89 19.66al9.80 16.85Ha.86H 16.85al6.86H 16.86Ha.88H a40.10 40.08Ha.10H 16.89al6.90H SUNDAY 19.66al9.82 19.66al9.82 on 10- 40.07a40.08H 40.07Ha40.09 16.89al6.89H 16.89%a16.90 19.65al9.80 Jan. 11- Jan. Jan. 3 at 2.62 2.64% @2.64 9/16. Belgian currency, which had been weak in December, as result Germany Reichsmark 12. 40.07Ha.09H 40.08 40.08Ha40.11 40.09 al6.90 a40.10 16.88Ha.89H 16.89 al6.89 16.88Ha.89% a40.12 16.88 19.66al9.80 Jan. 13. 40.11 Jan. 40.UHa.14H 40.12 Jan. 17. Jan. 18. 16.90Hal6.91 16.91al6.91H 16.90Hal6.91 16.90%a.91H 16.90 al6.91 16.90Ha.91H 16.89Hal6.90 16.90al6.90H O40.05 16.89Hal6.90 16.90al6.90% 40.01 %a.04H 40.02 SUNDAY 39.97a40.0lH 39.97 Ha40.02 16,89Ha.90H 16.90 al6.91 Jan. 19. Jan. 20. Jan. .21. Jan. 22. Jan. 23. 24. 25. 26. 27. Jan. Jan. Jan. Jan. Rome Jan. 28. Jan. 31 at 5.26% Jan. 30. on a40.13 40.11 Ha.l3H 16.89Hal6.91 16.90al6.91H a40.15 16.90al6.91H 16.90Hal6.92 14. Jan. 15. Jan. 16. Jan. Jan. 29. Jan. 31. 19.66al9.80 19.65al9.80 19.65al9.80 SUNDAY 40.12a40.14H 40.12Ha40.15 40.13 a40.16 40.13Ha.16H 40.11 a40.14 40.11 Ha40.15 40.05 a40.09 40.05Ha.09H 39.97 a40.05 39.97Ha.05H 16.90 al6.91 16.90Ha.91M 39.98 16.89Ha.90H 16.90al6.90% 39.89Ha39.97 39.90a al6.91 16.90Ha.91H 39.94 a40.00 39.94Ha40.01 16.90 al6.91 16.90Ha.91H 39.97 a40.01 39.97 Ha40.02 16.90 40.09 C40.15 40.10a40.15H 16.90al6.90% 16.90Ha.91% al6.91 16.90Ha.9lH a40.20 16.90 40.12Ha40.19 40.13 SUNDAY a40.15 16.90Hal6.91 16.91al6.91H 40.10Ha40.l4 40.11 al6.91 16.90Ha.91H 40.10 a40.15 40.10Ha40.16 16.90 19.60al9.65 19.50al9.65 19.50al9.65 19.50al9.53 19.50al9.65 19.50al9.56 I9.50al9.58 19.50al9.58 19.50al9.58 19.50al9.58 19.58al9.75 19.63al9.75 19.72al9.75 19.64al9.75 18 MONTHLY REVIEW Netherlands Denmark Poland Canada Argentina Guilder Krone Zloty Dollar Peso Checks Checks Checks Jan. 1. Jan. 2. Jan. 3- Jan. 4- Jan. 5_ Jan. 6. Jan. 7. n. 10. n. 11. n. 12. n. 13. n. 14. n. 15. n. 16. 54.32 n. 17. n. 18. n. 19. n. 20. 54.30o54.32H 54.30Ha54.33 54.26 Ka54.29 54.27 O54.30 54.30 054.32 54.30Ha.32H 54.28a54.30K 54.28 Ha54.31 89. Cables Checks Cables 1 Checks Colombia Peso Cables Checks 57.06 SUNDAY Jan. HOLIDAY Jan. 2 Jan. 3 3l!20 278J% discount 30.84a30.86 30.85a30.87 Jan. 4 2932027J2% discount 30.87a30.89 30.88a30.90 Jan. 5 discount 30.90a30.94 30.91a30.95 57.06 Jan. 6 discount 30.97a31.13 30.98a31.14 57.06 Jan. 7 61«4ttH% 28 3 2 0 27!2% "»2% discount 31.17a31.19 31.18a31.20 57.06 54.37 a54.39 54.37Ka54.40 20.65 054.37 20.69 54.34Ha.36K 54.35 O20.C7 20.65Ka.67K 18.89ol8.93H 020.71 20.69Ha20.72 18.91ol8.95 54.33a54.35H 54.33Ha54.36 20.67Ha20.75 20.68a20.75H 18.91ol8.95 o20.87 20.76Ha.87H 18.91ol8.95 054.42 20.76 54.36Ha54.41 54.37 20.91 20.89Ka.91K 18.91ol8.95 54.40 a54.42 54.40Ka54.43 20.89a SUNDAY 54.39 054.41 54.39Ha54.42 20.85 O20.86 20.85Ha.86H 18.90ol8.95 054.41 54.39Ha54.42 20.85 O20.88 20.85Ha.88H 18;91al8.95 54.39 O20.85 18.91al8.95 54.37 054.39 54.37Ha54.40 20.83 Ha.84H 20.84 054.38 54.37Ka54.39 20.84a20.85H 20.84Ha20.86 18.91al8.95 54.37 054.26 54.26Ha54.37 20.84 O20.85 20.84Ha.85H 18.91al8.95 54.26 020.89 18.91al8.95 54.34a54.36H 54.34Ha.37H 20.86Ha.88H 20.87 i SUNDAY HOLIDAY 8 Jan. Jan. 10 Jan. SUNDAY 9 Jan. 57.06 11 298201!16% discount 31.14a31.16 31.15a31.17 57.06 29320 H % discount 31.12a31.14 31.13a31.15 57.06 discount 31.14 31.15 57.06 Ha"«4% Jan. 12— Jan. 13___,— Jan. 14 31.13 Ka5'n% "«,02732% discount 31.14 57.06 discount 31.12 31.13 57.06 Ha1,i6% discount 31.15a31.17 31.16a31.18 57.06 Ha13i#% discount 31.16a31.17 31.17a31.18 57.06 discount 31.16a31.19 31.17a31.20 SUNDAY Jan. 15 O20.88 18.89al8.92 054.37 54.32Ha.37H 20.85Ha.87 H 20.86 20.87 O20.90 20.87Ha.90H 18.89al8.92 Jan. 16 Jan. 17 20.89Ha20.91 20.90 O20.92 18.90al8.93 Jan. 18 Ha2132% discount 31.20a31.21 31.21a31.22 57.06 20.89a20.90K 20.89Ka20.91 18.90al8.92 29.89 O20.91 20.89Ha.91H 18.90al8.92 Jan. 19 23320 2l32% discount 31.20 31.21 57.06 Jan. 20 Ha2132% discount 31.20 31.21 57.06 21 31.16a31.18 57.06 SUNDAY __ 13i«aH % 57.06 n. 21. 54.24 233202l32% discount 31,15a31.17 22. 054.27 54.24Ha.27H 20.86 O20.88 20.86Ha20.89 18.90al8.92 SUNDAY Jan. n. Jan. 22 n. 23. 54.06 Jan. 23 2132 OH% discount 31.16a31.17 n. 24. 53.98 054.14 20.86Ha.88H 20.87 020.89 18.90al8.92 O54.04 53.98Ha54.05 20.86 020.89 20.86Ha.89H 18.90al8.92 Jan. 24' discount 31.16a31.17 31.17a31.18 57.06 n. 25. 53.98 18.90al8.92 Jan. 25 discount 31.16a31.17 -31.17a31-.18 57.06 57.06 n. 26. 054.13 54.07 n. 27. 53.69Ha53.77 53.70 28. 53.61 n. a20.88 20.86Ha20.89 18.90al8.92 Jan. 26__<>_. discount 31.16a31.17 31.17a31.18 Jan. 27_. J5,ja2»i»% discount 31.15a31.17 31.16a31.18 57.06 Jan. 28 "i«% discount 31.17a31.18 31.18a31.19 57.06 Jan. 29 Jan. 30 »32a2'82% discount 31.17a31.21 21.18a31.22 57.00 Jan. 31 H a9is% discount 31.18a31.19 31.19a31.20 56.99 Chile Bolivia Ecuador Peso Boliviano Sucre Checks Checks Checks 29. SUNDAY O54.04 53.71 054.05 20.87 O20.90 20.87Ha.90H 18.90ol8.95 054.06 20.87Ha20.89 20.88 53.80 H«54.05 53.81 Sweden Jan. Jan. Jan. Jan. Jan. 24.05 Jan. 11.. Jan. 12_. Jan. 13.. 24.04Ha.05H 24.04Ha24.08 24.03 Ha.04H 24.04a24.05H 24.03Ha24.05 Jan. 14.. 24.06Ha.08H 24.07 10., 4— 5.86a5.89 5.87a5.90 5.17a5.19 3.50 7.00 Jan. 5__ 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 Jan, 6.. 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 15.. 16.. 24.06a24.07H 24.06Ha24.08 23.48 .46 24.07 Jan. 18.. Jan. 19.. 023.51 2.05Ha2.07 2.05Ha2.06H 2.05Ha2.06H 2.05Ha2i06H 2.05Ha2.06H 2.06Ha2.07 5.86a5.90 3.50 7.00 9— 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 Jan. 10— 5.85a5.89 3.50 7.00 Jan, 11 Jan. 12. Jan. 13 Jan. 14— 15.. Jan. — _ — 5.17a5.19 SUNDAY 5.86a5.90 5.17a5.19 5.85a5.89 5.86a5.90 5.17a5.19 3.50 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.00 5.87a5.89 5.88a5.90 5.17a5.19 3.50 7.00 7.00 7.00 SUNDAY 16— 5.86a5.89 5.87a5.90 5.17a5.19 3.50 Jan. 17— 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 O2.07 Jan. 18— 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 a2.07 Jan. 19— 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 a2.07 Jan. 20.. 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 Jan. 21 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 Jan. Jan. 25.. 24.07 22— Jan. 23— ,48Ha23.51 2.05Ha2.06K Jan. 26.. 24.06 Jan. 27-. 24.07 Jan. 28.. 24.09 o24.ll 24.09Ha24.12 23.49 Ha23.52 Jan. 29_. 49a23.51H 2.05Ha2.06H ,48Ka23.51 2.05Ha2.06H 49a23.50H 2.05Ha2,06H 48Ha.50H 2.05Ka2.06H 024.08 24.07Ha.08H 23.48Ka23.50 024.08 24.06Ka.08K 23.48 O23.50 O24.08 24.07Ha24.09 23.48 023.50 — SUNDAY 5.86a5.90 5.85a5.89 3.50 5.17a5.19 7.50 Jan. 24.. 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 Jan. 25„ 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 Jan. 26.. 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 5.17a5.19 3.50 7.50 5.17a5.19 3.50 24.09 Ha24.13 24.10a24.13H 23.49Ha.52H 50 24.10 50Ha23.53 2.05Ha2.06K a23.52 023.53 2.05Ha2.07 7.50 Jan. 27— 5.85a5.89 5.86a5.90 Jan. 28.. 5.85a5.89 5.86a5.90 Jan. 48Ha.50H 2.05Ha2.06H 50a23.52H 2.05Ha2.07 SUNDAY o24.ll 24.10Ha24.12 23.50 5.85a5.89 8.. Jan. Jan. SUNDAY 24.06Ha24.09 24.07a24.09H 23.48Ha23.51 Jan. 24.. 24.06a24.08H 24.06Ha24.09 23.48 O23.50 31.. 7.00 ,52Ha23.54 2.06 51Ka23.53 2.06 ,51 Ha23.54 2.06 a23.53 Jan. 23.. Jan. 30_. 3.50 ,48Ka23.50 2.05Ha2.06H ,49Ha23.53 2.05Ha2.07 24.10a24.10H 24.10Ha24.11 23.51a23.52H Jan. 20_. 24.09 o24.11 24.09Ha.llH 23.51 023.53 Jan. 21_. 24.06 O24.08 24.06Ha24.09 23.48 O23.50 Jan. 22.. a23.48 ,49 a23.52 O24.10 24.07Ha24.11 23.49 024.12 23.52 24.09Ka24.11 24.10 a23.48 ,46 a23.49 17.. 7_. HOLIDAY Jan. ,45Ha.46H O24.09 23.48Ka23.50 SUNDAY Jan. 023.48 ,47o23.50 H 023.46 Jan. Jan. Jan. .47 24.04Ha24.06 23.45Ha.47H 24.04 ' 024.06 23.45Ha23.47 Jan. 5.17a5.19 SUNDAY 3_. Jan. O24.06 23.46 Ka.47K O24.05 23.45 5.86a5.90 2.. Jan. .29Ha.32H 2.03%o2.06 ,28 a23.36 2.04 O2.05H ,37 O23.50 2.04Ha2.06H ,51Ha23.54 2.06Ha2.07H 24.05a24.08H 23.46Ka23.50 24.04 5.85a5.89 1_. Jan. SUNDAY Jan. Cables ,24Ha.25H 2.03 ^o2.05 023.25 23.82o23.82H 23.82Ka23.83 23.24 023.32 23.86Ha23.90 23.87a23.90H 23.29 23.85 023.94 23.85Ha.94H 23.27Ka23.35 23.90 024.08 23.91 a24.09 23.36Ha23.49 a23.53 24.09Ha24.11 24.10a24.llH 23.51 Jan. Milrels Checks Checks HOLIDAY Jan. Brazil Markka Cables SUNDAY Jan. SUNDAY Finland Krone Checks Cables Jan. Jan. O20.90 18.90ol8.95 Norway Krona Checks 57.06 053.78 20.86Ha20.88 20.87 020.89 18.91al8.95 O20.90 20.87Ka.90K 18.91al8.95 O20.89 20.87Ha.89H 053.66 53.61 Ha.66H 20.87 53.70 31.17a31.18 ni#aH% Ma" i8% »320"xe% #054.01 53.98Ka54.02 20.87 53.87 O54.01 53.88a54.01H 20.86 n. SUNDAY 29.. Jan. 30- 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 Jan. 31 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 — SUNDAY Czecho¬ Uruguay Venezuela Peru Japan Hongkong 1 Spain Italy slovakia Peso Bolivar Sol Yen Dollar ^ Peseta Lira Koruna Checks Checks Checks Checks Checks 31.50 20 H a 20 H 20H Checks Cables Checks Cables Checks Jan. 1 SUNDAY — Jan. 1— SUNDAY Jan. 2.. Jan. 2„ HOLIDAY Jan. 3— Jan. 3— 5.09 5.26 Jan. 4- 5.09 5.26 Jan. 5— 4.67 H 5.26 Jan. 6.. 4.67 H 5.26 o5.26H o5.26H o5.26H o5.26H Jan. 7.. 4.67K 5.26 05.26M Jan. 8— Jan. 10- Jan. 11 Jan. 12.. Jan. 13 Jan. 14.. Jan. 15.. Jan. Jan. Jan. 4.67K 4.52H 5.26 05.26H 5.26 05.26H 4.60 H 4.67 H — 5.26 G5.26H 5.26 05.26 H 4.52 H 5.26 a5.26H 4.56 5.26 05.26 H 16— 4.50 5.26 05.26H 17— 4.58H 5.26 18— 4.50 5.26 No — Quotations 19.. 4.50 Jan. 20.. 4.50 5.26 Jan. 21.. 4.50 5.26 a5.26H Jan. Jan. 22.. 5.26 3.42Ha3.43 3.42Ha3.43 3.42Ka3.43 26Ka5.26K 26Ha5.26H 26Ha5.26H 26Ha5.26H 26Ha5.26H 26Ka5.26K 3.42Ha3.43H 3.42Ka3.43 3.42Ha3.43 3.42Ha3.43 3.42Ha3.43 3.42Ha3.43 26Ha5.26H 26Ha5.26H 26Ha5.26H 26Ha5.26H 26Ka5.26K 26Ha5.26H 3.42Ka3.43 3.42Ha3.43 3.42Ha3.43 3.42Ha3.43 3.42Ha3.43 3.42Ka3.43 3.42Ha3.43 3.42Ha3.43 3.42Ha3.43 23.. 4.50 5.26 Jan. 24.. 4.30 5.26 Jan. 25.. Jan. 26— Jan. 27— 5.26 5.26 o5.26H a5.26H a5.26H No 05.26H 05.26H Quotations Jan. 28.. 5.26 5.26 05.26 H 29- 4__ 60.98a61.10 / 31.50 27.01a27.02 28.95a29H 5_. 61.02a61.10 31.50 20 H 27.00a27.07 28.94a29«x« Jan. 6— 61.10a61.45 31.50 20 H 27,09a27.24 a 20H Jan. 7._ 61.10a61.56 31.50 27.26a27.30 Jan. 8_. 20 H SUNDAY 29.03a29H 29.20a29H 9__ 61.10a61.51 31.50 27.22a27.24 29.18a29H Jan. 10.. 61.10a61.48 31.50 20 H 20 H 27.23a27.24 Jan. 11— 61.10a61.47 31.50 27.22a27.25 Jan. 12_. 61.10a61.47 31.50 20 H 20 H Jan. 13— 61.10a61.45 31.50 20 H a 20 H 27.21a27.24 Jan. 14.. 61.10a61.53 31.50 20 H a 20 H 27.24a27.28 29.18a29«x# 29.16a29!n 29.13a293x« 29.10a295x» 29.13a29*u Jan. 15__ 27.23a27.26 29.18a29H 31 5.26 5.26 — 05.26H 05.26H 27.21a27.24 SUNDAY 61.10a61.53 31.50 Jan. 17-. 61.10a61.58 31.50 20 H a 20 H 20 H a 20 H 27.26a27.30 29.16a293x# Jan. 18— 61.10a61.60 31.50 20H 20H 27.27a27.30 Jan. 19_. 61.56a61.60 31.50 20 H a 20 H 20 H a 20 H 20 H a 20 H 27.28a27.30 29.19a29H 29.19a29H a 20.. 61.58a61.60 31.50 Jan. 21.. 61.50a61.60 31.50 Jan. 22.. 23— 61.63a0I.6O 31.50 20 H a 20 H 27.24a27.27 Jan. 24.. 61.52a61.60 31.50 Jan. 25.. 61.52a61.60 31.50 20H 20H 27.24a27.27 Jan. SUNDAY a 20H 20H 27.24a27.26 29.16a293i« 29.11a295i» » 27.24a27.27 29.10a29H 29.08a29H 26— 6l.52a61.60 31.50 27.. 61.52a61.60 31.50 20 H a 20 H 20 H a 20 H 27.23a27.2 7 Jan. 27.24a27.27 Jan. 28.. 61.54a61.60 31.50 20 H a 20 H 27.26a27.28 29.10a295i» Jan. 29— 27.25a27.28 29.08a29»u 27.25a27.30 29.10a29«x» Jan. SUNDAY Jan. 30._ 26Ha5.26H 3.42Ha3.43 26Ha5.26H 3.42Ha3.43 27.28a27.31 '29.09a29!i# 29.12a293i« 29.11a295i« a 61.54a6l.60 31.50 31__ 61.55a61.60 31.50 20 H a 20 H 20 H a 20 H Philippine Jan. 28.94a29»n Jan. Jan. Jan. SUNDAY Jan. 30- 26.95a27.00 Jan.. 16— SUNDAY Jan. Jan. 26Ha5.26H 26Ka5.26K 26Ha5.26H 26Ha5.26H 26Ha5.26H 26Ha5.26H SUNDAY 05.26H o5.26H 05.26H o5.26H , Jan. SUNDAY 9- Jan. 26Ka5.26K 3.42Ka3.43 26Ha5.26H 3.42Ha3.43 26Ha5.26K 3.42Ka3.43 26Ha5.26H 3.42Ha3.43H 26Ka5.26K 3.42Ha3.43H i HOLIDAY 60 H a61.10 Straits Jan. Rumania Bulgaria Yugoslavia Greece Shanghai Islands Settlements India Java Leu Leo Dinar Drachma Yuan Dollar Peso Dollar Rupee OuUder Checks Checks Checks Checks Checks Checks Checks Checks Checks Cables Jan. SUNDAY Jan. SUNDAY Jan. HOLIDAY Jan. HOLIDAY Jan. .73 Ha Jan. 1.22ol.25 02.32H 2.28Ha2.32 1.22ol.25 2.28 02.32 Jan. .73Ha .75H .73 Ha .75K .73Ha .75H 1.22ol.25 2.28 a2.33 Jan. .73 Ha .76 1.22ol.25 2.28 02.33 Jan. .75 1.22ol.25 Jan. 2.28 .73Ha .75 1.22ol.25 2.28 02.32 Jan. 10. .73Ha .75 1.22ol.25 2.28 o2.32 Jan. 11- .73 Ha .75 1.22ol.25 2.27Ha2.33 Jan. 12_ .73Ha .75 1.22ol.25 2.28 a2.33 Jan. 13_ .73 Ha 1.21ol.25 2.28 a2.33 Jan. 14- .75 .73Ha .75 1.21ol.25 Jan. 15. Jan. 16- 2.29Ha2.33 SUNDAY 2.28 a2.32 Jan. 17., .73Ha .75 1.21ol.25 2.28 a2.32 Jan. 18_. .73 a .75 1.21ol.25 2.28 a2.32 Jan. 19-, .73 a .75 1.21ol.25 2.28 a2.30 .72Ha .75 1.21ol.25 2.27 O2.30 .73 1.21ol.25 2.28Ha2.30 Jan. 20-. 21-. .73 a a .75 .75 1.21ol.25 Jan. 22.. Jan. .85 .84Ha .85H .84Ha .85H .85H Jan. .85H .86H 23-. Jan. 24_. Jan. .85Ha .86H .85 a .85Ha .85Ha ran. 25-. ran. 26-. ran. 27.. Jan. 28— .74Ha .72Ha .72Ha .72Ha .75 .75 .75 .75 .85Ha .86 .85Ha .86H .86 .85 Ha .85H :85Ha .86 .85H .86 .85Ha .86 .85Ha .86H .85Ka .86 .85Ha .85Ha .85Ha .85Ka .86H .86H .86H .86H .85Ha .86 .85 Ha .86 1.21ol.25 2.29 .85Ka .85Ha .85Ha .85Ha .85Ha .86 .86 1.21ol.25 2.27Ha2.31 2.27Ha2.31 2.27Ha2.31 2.28Ha2.31 a2.32 .86 H .73 a .75 1.21ol.25 2.27Ka2.32 ran. 31 .73 a .75 1.21ol.25 2.27Ha2.30 53.78a53.95 34.54a34.56 54.54 53.85a54.00 34.63a34.66 54.51 4913xga49.85 53.89a541ig 34.61/T34.73 54.50 4913i#a49.85 54.00a54.40 34.72a34.90 54.57 4913iea49.90 54.38a54.48 34.95a34.98 54.56 4913ua49.85 54.30a54.45 34.88a34.90 54.57 4913ua.49.85 54.30a54.40 34.90a34.91 54.55 4913x«a49.85 54.31a54.40 34.89a34.90 54.54 4913isa49.85 54.31a54.40 34.89a34.93 54.53 4913i#a49.85 54.25a54.40 34.88a34.91 54.50 49l,xga49.85 54.36a54.50 34.92a34.98 54.51 SUNDAY Jan. 10 Jan. 11 Jan. 12 Jan. .85Ha .85Ha .85Ha •85Ha .85Ha .85Ha Jan. 13 Jan. 14 Jan. 16 .86H Jan. 17 .86H Jan. 18 .86H Jan. 19 .86H Jan. 20 .86H Jan. 21 16.41al6H 16.38al6H 16.32al6H 16.22al6H 16.32al6H 16.31al6H 15 .86H .85Ha .86 .86H .85Ha .86H .85Ha .86H .85Ha .86H .85Ha .86H .86 .85Ha .86H .86 SUNDAY ran, 30— 49»iea49.85 4913xga49.85 SUNDAY 16.17al6H 16.13al6H' 16.17al6K 16.22al6H 16.20al6H 16.11al6H 49l3iga49.85 54.33a54.50 Jan. 23 Jan. 24 Jan. 25 Jan. 26 Jan. 27 Jan. 28 .85Ha .86 H .85 Ha .86 H Jan. 30 Jan. 31 54,50 49»ija49.85 54.35a54.50 34.94a34.98 54.48 54.41a54.50 34.97a35.02 54.42 4913iga49.85 54.39a54.50 34.97a34.98 54.47 49»i»a49.85 54.39a54.50 34.96a34.99 54.44 4913xga49.85 54.30a54.45 34.92a34.93 54.42 SUNDAY 16.37al6H 16.34al6H 16.20al6H 16.16al6H 16.16al6H 16.14al6H 54.25 49»xga49.85 54.33a54.45 34.93a34.96 49i«iga49.85 54.31a54.45 34.94a34.96 54.18 49i»xga49.85 54.28a54.40 54.28a54.35 34.94a34.96 54.16 34.94a34.95 54.02 4913xga49.85 54.25a54.35 34.94a34.96 53.85 49»ua49.85 54.28a54.40 34.95a34.97 53.80 49"xga49.85 SUNDAY Jan. 29 .85Ha .86H .85Ha .86 34.92a34.94 4913iea49.85 Jan. 22 2.27Ha2.30H 1.21ol.25 Jan. Jan. 1.21ol.25 ran. 29— — .86 .85H 1.21ol.25 1.21ol.25 Jan. Jan. .85Ha .85Ha .85Ha .85Ha .85Ha .85Ha SUNDAY .72 Ha .75 .72Ha .75 16.24al6H 16.24al6H 16.38al6H 16.35al6H 16.47al6H Jan. .85H .85H .85H SUNDAY Jan. Jan. .84Ha .84Ha .84Ha .84Ha 16.18al6H 16.18al6H 49i»xga49.85 54.28a54.40 34.94a34.98 54.20 49»x.a49.85 54.28a54.40 34.95a34.98 53.99 J New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING JANUARY 1939 1938 1939 Bond Sales January.- 25,182,350 Jan. 1 to Dec. 31...——- 297,466,722 1937 2,792,531,000 NOTICE—Cash and deferred delivery sales are disregarded in the outside of the range 1938 Shares. 24,151,931 1938 1938 1,859,865,000 Jan. 1 to Dec. 31 1939 Stock Sales January $165,910,000 $159,611,000 1937 409,464,670 month's range unless they are the only transactions of the month, and when selling No account is taken of such sales in computing the regular monthly range are shown in a footnote in the month in which they occur. for the year. The tables on pages Jan., 1939, and the 19 to 40 furnish a complete record of the transactions on the New York Stock Exchange during range embrace every security They need no extended introduction, for 1938. dealt in as they are self-explanatory The tables We give bonds first, using the classification adopted in the official list. the Exchange. on The black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule are at a This method of quoting interest is in default. sent one or more 32ds of a 1938 The exceptions to the rule bonds became effective Jan. 2,1909. PRICES BONDS N. Y. STOCK EXCHANGE Jan. 1939 income bonds and bonds on which Quotations after decimal point repre¬ are point. SALES IN Dee. adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds to which accrued interest must be added. pr ce Jan. Bid 3 IN JANUARY Jan. 31 Ask Bid Ask RANGE Lowest Sale Prices FOR Lowest Highest Sale Prices YEAR 1938 Highest Sale Prices Sale Prices U S GOVERNMENT BONDS 191,000 4,000 137,000 1,000 173,000 276,000 1,000 co~666 149,066 38*666 1,000 92,000 75,000 *81*666 90*606 133,666 1,000 2,000 26,000 29,000 m.ooo A O 119 J D 114.17 Sale Sale 113.10 113.20 8 105 106.27 Sale J D 109.30 Sale F A 107*4 21*0*,000 1,000 542,000 385*666 "2*53", 000 758*000 1,856,660 13,000 53,000 414*666 *199*,000 " *674,000 150,000 280,000 237,000 1,000 14 June 9 Jan. 114.17 June 22 110.8 Mar. 113.20 Dec. 24 Apr. Dec. 20 Jan. 21 112.27 May 24 104.31 Jan. 13 105.8 J^n. 23 104.13 Sept. 106.27 June Jan. 10 104.30 Jan. 10 105.1 Sept. 106.14 i06*22 Sale" May 9 106.18 Jan. 28 106.27 Jan. 3 106.16 Sept. 108.2 June 2 Feb. 107.5 Mar. 21 110.4 June 17 June 18 8 109.30 Jan. 3 110.9 Jan. 18 107.18 Jan. 110.25 Jan. 10 109.31 Jan. 10 107.15 Jan. 110.22 107.6 Jan. 26 107.12 Jan. 6 106.26 Sept. 108.14 Apr. 107.5 Apr. 6 109.22 Jan. 26 110.8 Jan. 18 107.2 Jan. 110.5 June 8 Jan. 25 109.27 Jan. 25 107.14 Feb. 110.3 June 16 109*26 11*0*7 109.22 Jan. 27 110.12 Jan. 17 107 Jan. 110.3 June 10 Jan. 109 31 June 22 109.21 Sale 109.11 Jan..26 109.27 Jan. 19 105.27 Apr. Sept. 109.12 Dec. 19 109.3 Oct. 105.19 Jan. 109.6 Dec. 22 105.20 Jan. 105.20 Jan. 105.2 Apr. 108.27 Dec. 22 107.11 110 110.9 Sale"" Sale Sale" ......— Treasury 35*8 1949-1952 J Registered............. Treasury 3s... .....I...1946-1948 J Registered ——... Treasury 3s 1951-1955 M Registered.............. Treasury 2«s 1955-1960 M D D 166*2 1*09.10 169*2*1 Sale" 108.24 Sale 109 S 107*6" 167*2*0 Sale" S 104.21 Sale 105 i07~4 107*15 Sale" Sale" Sale 109*2" 108.19 Jan. Jan. 26 109.21 27 109.7 Jan. Jan. 31 21 June' 2 29 3 107.4 Jan. 107.26 Jan. 103.26 Apr. 107.10 Jan. 107.20 Jan. 19 104.9 Mar. 107.2 Dec. 23 Oct. 17 104.12 Jan. 105.2 Jan. 21 101.24 Apr. 104.23 Dec. 31 104.10 Jan. 104.20 Jan. 9 101.24 Jan. 104.15 Dec. 30 107 Jan. 107.19 Jan. 18 103.25 Jan. 107.4 Oct. 27 107 Jan. 107 Jan. 27 103.25 106.24 Oct. 11 105.19 Jan. 106.4 Jan. 31 101.27 Apr. Apr. 105.30 Dec. 19 106.3 Jan. 106.3 Jan. 23 104*19 Sale" 104 Jan. 104.24 Jan. 31 100.26 Apr. 102.31 May 17 102.31 May 17 103.23 Sale 103.4 Jan. 26 104.29 Jan. 21 100.14 Apr. Oct. 101.6 Mar. 21 101.6 Mar. 21 100.6 Sept. 28 102.30 Dec. 30 Sale Registered.............. Treasury 2H» 1945-1947 Registered Treasury 25*s 1948-1951 Registered Treasury 2«s... ....1951-1954 Registered........... Treasury 25*s 1956-1959 Registered..... ..... Treasury 25*8—. 1958-1963 M S M S Sale" 105.22 Sale 106.3 Sale ......... J D 104*6* Sale" 20 M S 103.13 Sale D 102*2*8 Sale" 103*8 Sale" 102.20 Jan. 26 103^3 Jan" *31 .T D 102.25 Sale 103.9 Sale 102.20 Jan. 26 103.12 Jan. 31 102.7 D 106.12 Sale 106.8 106.18 106.6 Jan. 26 106.24 Jan. 19 102.14 Jan. 105.16 105.2 101 101.2 Treasury 25*s 1960-1965 Treasury 25*a 1945 Registered .............. Treasury 2^8 1948 Registered................ Treasury 2Ht 1949-1953 Registered I Treasury 2Hs.. ...1950-1952 Registered Treasury 2s 1947 .... — 1 104.9 2 103.17 Dec. J J Registered......... 4*6*5*666 Dec. 114.23 27 113.28 ... 381,000 118.30 Apr. Jan. — 3*95*,000 Feb. 111.22 108.9 109.12 Sale 182,000 113.10 117.7 106.30 D 15*2*666 Sale Registered Registered. 4,000 12 21 119.6 109.27 109.27 Sale Registered.......— : Treasury 356® ........1946-1949 J 3,000 187,000 Jan. 3 *114.25 Jan. Apr. 107.5 A O 1*6*4* 000 7,000 206,000 12 119.2 Jan. 116.4 109.31 *75*666 8,000 "113*14 1*14*" 1*07.13 107*6* lio'l 1*4*7",000 114.20 Sale 105.10 105 O 793,000 Jan. 114.17 20 107.3 M D ..1944-1946 A 7,000 754,000 Jan. 104.30 J Treasury 3Hs 248*666 26 119.14 ... Treasury 3f£s....... 1940-1943 Registered —— Treasury 3«s. 1941-1943 Registered......... Treasury 3J*s.. 1943-194,7 Registered..... —... Treasury 3X* 1941 Registered. —...—-— Treasury 3 5* a— 194?-1945 226.000 T3~6~,66O Jan. 110.12 .1946-1956 M S 161,000 93*666 118.26 112.17 -...1944-1954 5,000 32*9*666 sale — - 164,000 3,000 2*6*, 000 119.4 119.2 1947-1952 Treasury 4^s Registered Treasury 4s. Registered... Treasury 3^8 Registered.... M S 105.5 105.15 105.8 J 102^2*2 Sale D 102*30 Sale"" Jan. 26 105.14 Jan. 24 102.13 Jan. 27 103.4 Jan. 21 Dec. 31 26 Sept. 23 101.2 15 102.26 Sept. 23 4 106.14 Deo. 22 Mar. 31 105.13 Dec. 12 99.18 Jan. 4 102.27 99.25 Apr. 14 102.14 Dec. 31 Dec. 31 102.24 M S 102.24 Sale Jan. Jan. 7 103.5 Sale 102.16 Jan. 27 103.5 Jan. 31 100.4 Sept. 28,102.26 Dec. 12 102 "l*6 Sale" 102 Jan. 26 102.17 Jan. 18 102.3 Dec. 15 102.11 Dec. 22 107.9 Jan. 5 107.19 Jan. 18 103.28 Jan. 106.26 Jan. 3 107.14 Jan. 30 103.4 7 102.24 Dec. 16 ... HO*, 000 "228",000 J*D l02?4 102*12 Federal Farm Mortgage Corp— 105,000 39,000 lib", 000 117,000 *3*8*666 ""2*3*666 3J*a ...1944-1964 M 8 Registered......... 3s... —.1944-1949 M.N Registered..... - 107.2 107.12 107.18 Sale 28 107.10 Oct. 21 106.30 Dec. 14 ... .1942-1947 105 i""j ibfU Sale" 106*2 Sale" iO0~"~ Jan.'ii 10615* Jan" *20 Registered 10,000 8,000 107.14 Sale 5,000 252,000 115,000 154*666 "86", 000 25*8 ....1942-1947 105.10 105.3 Sale 105.3 Jan. 106.26 Sale 107.7 Sale 106.26 102.11 Sale 102.11 Sale 102 Jan. 106.18 June 21 Mar. 105.31 Dec. 3 Oct. 19 106.1 July 18 5 105.4 Jan. 12 102.13 Apr. 105.11 Jan. 3 107.11 Jan. 20 103.9 May 17 26 102.20 Jan. 19 101.9 Apr. May Apr. 105.20 Jan. 103.13 Mar. 102.17 Apr. 22 Sept. 8 101.5 Apr. 104.18 June 105.9 ... ...1939-1949 F A 25*8 Series B... 105 Registered.... **6*0*666 103.22 101.29 M/ 8 Home Owners Mtge Corp— 3s Series A.... 1944-1952 MN Registered...'........ 2*8*.000 Apr. Sept. 104.16 3s.. 106.27 Sale 33*s Series G... 104*1*0 Sale" ..1942-1944 104*11 Sale" <104~.i" Jan" 30 104718 Jan* *20 106.28 Dec. 24 7 FOREIGN GOVT & MUNICIPALS Agricultural Mtge Bank (Colombia)— 25,000 5,000 19.000 5.000 23,000 126.000 100.000 40,000 77,000 86,000 66,000 61,000 28,000 26,000 76,000 61,000 46,000 63,000 50,000 33,000 35,000 120,000 226,000 429,000 219,000 138,000 173,000 440,000 159,000 For footnotes see pace ♦Gtd sink fund 6s 1947 25 5* ♦Gtd sink fund 6s 1948 25 5* ♦Antioqula (Dept of) Col 7s A... 1945 ♦External a f 7s series B__ ♦External s f 7s series C.. s f 7s series D. 1945 ♦7s 2d series.. ....1957 1958 .1948 Mk Sinking fund external 45*8 1971 MN S f external conv loan 4s._Feb 1972 F A 87 5* Sale 78 5* Sale S f extl 785* Sale 30» conv loan 4s 255* 255* 945* z93 105* Apr 1972 A O Jan. Jan. 5 19 16 Jan. 3 3 945* 125* 125* 125* 8% 915* 865* 775* 765* Sale Sale Sale A— 895* 865* 765* 765* 25 3 28 25 28 26 Jan. Jan. 93 6 Jan. Jan. Jan. 10 12 Jan. 10 Jan. Jan. Jan. 9 9 9 28 115* 115* 115* 965* Jan. 11 Jan. 27 Jan. 26 Jan. 27 Jan. 16 915* 875* 785* 79 Jan, 31 Jan. 10 Jan.- 4 Jan. 3 Jan. Jan. Jan. £*■6a? 165* Jan. 175* Jkn. 255* Jan. Jan. 10 H Jan. Jan. Jan. Jan. 115* 9H Sale 814 9U 8% 10 5* 95 5* 96 1957 ...... ♦7s 3d series... Antwerp (City) extl loan 5s Argentine Nation (Govt of)— S f external 45£s 27 Sale 1957 ......... 93 Sale 1945 ♦External 255* 255* Sale 1945 ♦7s 1st series 26 26 95 Akershus (Kingd of Norway) 4s..1968 6 6 6 Nov. Jan. Jan. Mar. Jan. 4J* Apr. 5 Mar. 65* Mar. 855* Sept. 845* Pec. 13 76 Dec. 13 795* Dec. 14 Nov. 30 Dec. 8 Sept. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 7 31 29 21 31 27 29 29 Feb. 25 965* Jan. 88 5* Jan. 3 3 885* Jan. 3 Y N. BONDS 19 ££ $ ' 355, 196, 329, 161, 8, 105. 121, 49, 26. 26, 173, 396, 405, 217, 27, 48, 35, 24. 281", 44, 50, 66, 34, 2, 22, 155, 178, 114, 179, 19, 581, 11, 2, 30, (CnritMl) July 151955 J J 5s of 1927—1957 M s Foreign GoTtrnmcnt Australia 5s of 1925 External loan External f 4J4r of 1928........1956 M N J ♦Austrian Govt s f 7s.........—1957 j 624*—1945 Belgium 25 year axtarnal IHs—1949 Kxtarnal s f 4s ...........--1955 Bxtarnal s f 7s......1955 ♦Barlln (Germany) s f 4 H*—...1950 ♦Bxtarnal sinking fund 6a—.1958 ♦Brazil (U S of) axtarnal 8s. 1941 ♦Ext S f 8 4 His of 1929.... 1957 ♦Extl s f 434s Of 1927 1957 ♦Cant Ry 30-year 8 7s........1952 Brisbane (City) s f 5s...........1957 Sinkin8 fund 8old 5s .........1958 20-year s f 6s....—.... 19511 ♦Budapest (City of) 6s.....-.-—1962 Buenos Aires (Province of)— ♦68 stamped.. 1951 ♦634s stamped «-"HH ♦Bavaria (Free State) extl A 56, 222, 50. 116, 23, 127, 37, 62, 16, 30. 8, 107, 6, 53, 20, 34, 14, 63, 8, 58, 19, 3i: 2, 306, 187, 7, 17, 4, 139. 94. F A Extl s f 1975 434-424 5 bonds 16 20 29, 32, 11, 14, 15, 216, 22, 97, 40, 10, 484, 256, 395, 16, 6 3 3 4 10 16 7 21 8 65 3 6 2 Sale 16 18 \lH Sale 104 Jan. 105 Sale 103 d 115 Sale 11334 Sale 112 Jan. Jan. O 20 14 Jan. 27 20 Jan. 4 15 13 Jan. Jan. 26 27 Jan. 3 1834 Jan. 1224 Jan. 1134 Jan. 10 Sale 10M Sale d m e 96 F A 97 J D J D ----- m s 55 f A 5534 5034 5034 J 1034 Sale 9734 a94 92 95 9734 10134 9734 100 12 1334 1034 78 Sale Sale Sale Sale 55 56 50 4134 Sale 3524 3534 20 J an» 13 5 Jan. Jan. 21 9734 26 9734 26 10034 24 1134 Jan. Jan. 7 5234 5134 5134 5324 41J4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 7 Jan. iiM 23 89 Jan. 97 Jan. 1024 Jan. 4 21 21 6 Jan. 5 Jan. 13 4934 4934 4934 5034 Jan. Jan. Jan. Jan. 38 Jan. 29 Jan. 24 29 Sale 3034 Jan. 31 3234 Jan. 5 Sale 111 11134 Sale 11034 Sale 11024 Sale 10324 10434 10334 Sale 10324 10434 10434 Sale 103 102 10234 103 10924 Jan. 10934 Jan. 10224 Jan. 27 11134 Jan. 26 11134 Jan. 20 Jan. 4 Jan. 26 104 24 Jan. Jan. 30 103 3 Jan. 17 20 Jan. 18 1834 3134 2124 3434 30 "2234 1960 A O ♦6a Oct coupon on......—- 1960 1942 mn f 8 7a 1942 Mr ♦7a assented —■— 50 4134 J •Chile Republic axt a Sale 51 1134 924 9-34 934 z9534 78 5034 5134 3724 Sale m s 55 55 J J 1234 Sale 1024 Sale 1034 Sale 1024 Sale 50 j J 3 20 O J 7 21 12 Sale mn Jan. 14 12"" O 26 115 21 d j 27 10634 Jan. 27 106 Jan. 1934 d 18 3034 100 28 Sale 103 10124 Jan. 9824 Jan. 26 104 Ts'ti 24 20 6 2124 "23"" 29 Sale "1634 1434 Jan. 23 3034 Jan. 13 32 Jan. 4 Jan. 19 27 Jan. 10 2124 Jan. 2324 Jan. 23 27 Jan. 9 29 "28"" 30 28 '2234 17 17 J an. 27 2334 Jan. 1834 Jan. 13 17 31 16 Jan. 12 30 Jan. 14 1934 3434 2434 30 Sale 19 26 5 1534 Sale 1960 A O 1960 a o -♦External a f Mold 6a—...Feb 1961 F A ♦6a assented Feb 1961 f a 1961 J J ♦Ry ref extl a f 8 4a—...Jan ♦6a assented .......Jan 1961 J J ♦Extl a f 6a Int ctfs -Sept 1961 M S 18 Sale 16 Sale it* Sale 1434 Jan. 1634 Jan. 1324 Jan. 18 Sale 16 Sale 16 Jan. 31 16 18 Sale Sale 18 Sale —-—Sept 1961 M S 1962 M 8 ♦Extl slnklnd fund 6a—.. 16 Sale Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4 16 1534 1634 1434 1634 1534 1634 1324 1634 16 Jan. 12 1824 1634 1834 1624 1824 1634 1834 1634 1834 1634 1834 1634 1424 12 34 1524 1334 1424 1334 1424 1334 1334 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 31 16 31 30 1434 1634 1434 1634 1424 1634 1434 1434 Jan. 5 35 20 24 20 Jan. 24 2024 19 Jan. Jan. 11 19 Jan. 11 1924 1924 2524 2524 2524 9034 8724 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 28 24 Jan. 9 28 2334 Jan. 19 26 9 7 4 26 Jan. Jan. 24 26 Jan. 11 26 9624 Jan. 9434 Jan. 4 6 55 Sale 42 Jan. 28 80 79 Jan. 9 5134 Jan. 8024 Jan. 3 24 5 27 Jan. 31 6 108 9 105 Jan. 3 19 9 ♦External alnkln8 ♦6s assented fund 8 6s — ♦6s assented Sale "1634 Sale" 1434 1634 Sale 17 19 "1634 Sale" 8 16 Sale 18 Sale 1324 Sale 17 1634 1963 MN 1957 J D 16 fund 6s— 1963 ♦6a assented of 8u a f 634a . 1957 J D ♦63^8 assented...—-♦Guar a f 8old 634a..———.. 1961 J D 1961 J D ♦634s assented ♦Guaranteed a f 8old 6a....... 1961 A O ♦Chile Mtda Bank 1961 a ♦6a assented 6S..1962 -1962 ♦Chilean Munlc Loan 7s —.....1960 ♦Chinese Hukuand Ry 5a. 1951 ♦Cologne (Germany) a f 634* —1750 Colombia (Republic of)— ♦6s of 1928 Oct 1961 ♦Extl a f 8 6a 1961 ♦Colombia Mt8« Bank 634a.. 1947 ♦Slnkln8 fund 7a of 1924 1944 ♦Slnkln8 fund 7a of 1927 1947 Copenha8en axtarnal 5a........1952 ♦Guaranteed alnkln8fund ♦6a assented .... o 1724 1524 Sale 1234 1524 Sale 1234 1534 Sale 1234 1334 16 15 M S 1234 1334 J D 21 35 M 8 19 2034 A 0 j j A o MN p A j d m N ♦♦7a ♦Costa Rica (Rep of) .1951 7a.... MN Cuba (Rep of) 5s of 1904 1944 M 8 5s axt debt Sar A of 1914......1949 F A 434s external loan————1949 434a external debt...————1977 30-year a f 534*-—f ♦Public Works 534s..-June 30 1945 Czechoslovak (Rap of) extl Sink fd 8a sar B 8a...1951 F A J d 2124 Sale Sale 27 W*96 Sale 93 103 72 f A O 1940 2d series alnkln8 fund A 1424 Sale" 12 1424 Sale 12 1334 1324 1434 17* Sale 2034 Sale 2524 27 2524 2524 20 92 45 Sale 7434 22 Sale 8924 Sale 75 Sale Sale 1334 44 27 Sale 100 106 104 105 Sale 10134 5734 Sale Sale 103 Sale 74 70 74 7034 54 J\y* Sale 10324 Sale 102 75 Sale Sale 99 Sale Sale 9234 Sale ----- 100 9734 5034 2234 Jan. 107 101 Jan. Jan. 10034 5734 10224 7034 4924 Jan. Jan. Jan. Jan. Jan. z50 Jan. 10024 Jan. 9724 Jan. 8934 Jan. 65 6434 70 65 70 65 62 68 6534 68 65 57 66 65 70 66 A O 6534 6934 A O 60 69 6634 6534 70 69 65 17 31 30 31 30 26 31 31 27 25 6 31 6 31 5 27 Jan. 4 Jan. 17 Jan. 17 Jan. 3 Jan. 9 Jan. Jan. Jan. 14 Jan. 16 J an. 3 17 3 Jan. Jan. Jan. Jan. 3 17 14 3 Jan. 11 Jan. 17 Jan. U Jan,' 10 Jan. Jan. 13 10234 Jan. 31 Jan. 60 10 7 4 23 10334 Jan. 18 28 7334 Jan. 17 19 54 51 Jan. 31 Jan. 24 25 10324 Jan. 25 10034 Jan. 3 16 4 26 9734 Jan. 3 4 6534 Jan. 6534 Jan. 6534 Jan. 28 12 27 20 A O m s MN 1324 97 20 1424 99 106 15 70 16 100 — 65 Jan. Jan. Jan. Jan. 66 34 Jan. Jan. 1434 Jan. "Iff" 103 97 Jan. 105 10724 10634 Sale 103 Yd 1534 100 10524 Sale stamped..1941 J D 734a unstamped ..1941 External a f 7a stamped. ...1949 7s unstamped..............1949 12 66 S ♦Certificates of deposit........... J J Estonia (Republic) 7a..........1967 J J Finland (Rap of) axtarnal 6a....1945 M S ♦Frankfort (City of) a f 634s 1953 MN Fiench Republic 734* —. 9424 1424 Sale 12 1834 1624 1434 57 M 53*8—-.1940 A O ser...—1961 534a 1st series..............1969 534s 2d series. ......1969 ♦Dresden (City) extl a f 7a ......1945 El Salvador (Rap) 1st a f 8a A...1948 Customs Adm 534* 2a 5934 J External 8 f 5J4>—-1942 2034 108 104 102 D External 8 534s Dominican Republics 1st sar 534a Of 1926 5134 7934 J A G 15 2124 25 24 2524 J 1952 A O axtarnal gold 6a .1942 J J 1955 434s.——————1942 Sale M N MN —1753 7a --1957 F A stamped......1957 y A Cordoba (Prov) Argen 7a .—.1742 j j Gold 434s Denmark 20-yr Sale Sale MN 1962 M ♦6a assented— ♦External slnkln8 ♦♦Cordoba (City) 13" 1434 2234 Sale 1960 —.......... Sale Sale 105 .1952 MN 1945 A — Sale 94 Highest Prices Sale Prices Jan. 25 10124 Jan. 3 9734 Jan. 24 10134 Jan. 3 9124 Jan. 26 9824 Jan. 3 Jan. 23 7 1734 Jan. Jan. 27 2034 Jan. 11 J A O 234s Au8 15 .1961 334s.....———— 1944 234»— 1967 3s — 1954 •Carlsbad (City) a f 8a... 1950 ♦Cant A8rlc Bank (Gar) 7a 1960 ♦Farm Loan a f 4a ...— 9934 9934 Lowest Sale J 4s.--——— I960 10-year 25-year 7-year 30-year Sale Sale Sale m n 30-yaar flold 5s Sale Ask 10534 1968 734* ♦Stabilization loan ♦Farm loan a f 6a 10124 10134 Ask Bid Sale J Canada (Dom) Gold Bid IN JANUARY Jan. 31 10634 3% external a f 8 bonds...——1984 Bulgaria (Kingdom of)— j ♦Secured a f 7s —- JJ67 PRICES Jan. 3 M S Readjustment 434-4 3<s......—1977 M s Refunding a f 434-434■— 1976 f A Extl readjust 434s-434---------1976 A o ♦6a July coupon on 25" EXCHA NGE—BONDS §1 N. Y. STOCK EXCHANGE N i. STOCK Jan. 1734 Jan. 10534 Jan. zl04 Jan. 10834 11834 112 11834 11324 Jan. 10334 10324 10324 Jan. 12 17 23 23 Jan. 23 6634 Jan. 23 Jan. 9 66 9 65 5 1424 Jan. 13 99 Jan. 7 10634 Jan. 14 1834 Jan. 30 10724 Jan. 12 104 Jan. 11 11324 Jan. 20 105 Jan. 17 Jan. 25 2134 Jan. 12 Jan. Jan. Jan. Jan. 25 14 25 24 Jan. 5 1734 Jan. 2634 Jan. 14 17 Jan. 6 ----- German Gov't International— 561 22 2 290 50 ♦35-year 534s stamped........1965 j ♦534s unstamped...........1965 18, 4, 35 7, 1 15 16, 10 1 ♦HamburO (State) 6a...........1946 ♦Heldelberd (City) extl a f 734s_. 1950 Helsln8fors (City) axt 634a......I960 Hun8arian Cons Municipal Loan ♦Secured a f 8 734a...........1945 21 2134 1924 7334 23 33 2334 2734 21 78 22 Sale 20 20 J J A O 10334 J J 1024 f 8 7s.............1946 J J ♦Hun8ar!an Land Mt8e 734« A..1961 MN ♦S f 734a aeries B 1961 MN ♦Hungary (Kingdom of) 7340 1944 f A Extended at 434% to..........1979 F A Irish Free State external 5s.....1960 f A Italy (Kingdom) external a f 7s. 1951 J D Italian Cred Consortium 7s ser B1947 M 8 129 Italian Public Utility a f 8 7a 284! Japanese Gov extl a f 634* Extl sinking fund 534*———1965 MN 2534 A O 30 202, Sale 19 26 26 For footnotes see page 23 15 1434 1734 1934 zl634 18 22 Bka— 813* 6 2224 1434 23 23 ♦7s part paid...............1964 ♦S f secured 6s——.1968 PA ♦6a part paid...............1968 Haiti (Rep of) 6a series A........1752 AO a Sale 2434 ----- ♦(Cons Adrlc Loan) 634a aar A.1758 J o ♦Greek Govt secured 7s——.1964 MN ♦Secured "2 Communal 19 2024 Sale ♦534a stpd (Canadian holder)—1765 ♦German Republic 7s stamped..1949 A O ♦7a unstamped.............1949 German Prov 8c "Y d 30. 1952 J J 1954 F A 1034 934 1234 11 1124 £y* 32 W* 37 25 3334 1724 2634 Jan. 22 20 o2334 Sale 824 824 934 934 Sale 79 5434 Sale 8034 Sale 6434 Sale 11 30 28 20 Jan. 10 75 Jan. Jan. 5 10 Jan. 19 1634 Jan. 19 23 Jan. 16 16 Jan, 16 Jan. 26 105 Jan. 5 Jan. 13 Jan. 21 Jan. 12 3034 Jan. z2434 Jan. 18 10 1234 1124 1334 1034 Jan. 20 23 924 Jan. 21 924 Jan. 12 Jan. 27 30 Jan. 10 62 Jan. 27 7634 Jan. Sale 67 Jan. 49 Jan. 31 28 75 5334 Sale 7734 Sale 5834 Sale Jan. Jan. 6 20 28 8534 Jan. 6534 Jan. 18 5 30 34 Sale 2834 Sale a2334 10734 10734 76 73 17 Jan. 2234 Jan. 75 11 2634 Jan. 4 23 75 1934 1634 16 1534 103 10334 105 B* 17 Jan. 2234 Jan. 1624 Jan. IP 67 Sale 7534 Jan. *5734 Jan. 27 31 55 9 SALES IN 19381 Dec. !?| BONDS PRICES 24,000 137,000 "i4",666 1,000 6,000 51,000 28.000 2",000 22,000 Q 1954 16,Out 1/000 s ♦Montevideo 24,000 38,000 38,000 65,000 1,000 31,000 4/ ,000 80,000 56,000 15,000 12/ ,000 431,000 Wales ext a ♦Stamped 254,000 130,000 41,000 587,000 44,000 9,000 f g —1959 5a...1957 f ♦National loan ext a ♦Stabllis loan 7s of ♦External a f 8a 4ms assented | X 105% Sale 8 104 % 103 M Sale 101X ♦Extl sec 35,000 40,000 64,000 41,000 99,000 247,000 184,000 5,000 2,000 13.000 120,000 19,000 148.000 7,000 103,000 25,000 5,000 11 o f a s 9% 9% 21 o m n d a o 1959 f ♦Roumanla (Kingdom of) 7s j 190,000 32,OOP 26,000 6,000 27 56% Jan. 9 7M Jan. 7X Jan. 3 8% Jan. 8% Jan. 21 Jan. 9 17,000 Sale 35 1953 ......... 1952 I 45% Jan. 26 95 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 104 Jan. 12 105 26 103% Jan. 26 101% Jan. Jan. 18% Jan. 54% Jan. 51% Jan. 14 16 31 Jan. 17 40 May 28 51 Jan. 4 32 Mar. 6% Jan. 12 5 30 11 Jan. 3 Jan. 28 9 9% Jan. 30% Jan. 27 Jan. 36% Jan. 24 e31% Jan. 31 35% Jan. 12 28 Jan. 30 50 30 X 35 27 Sale Sale 30% Jan. 31% Jan. 35% Jan. 9% Jan. 9% Jan. 60 55 Jan. 18m 14«m 14% Jan. Sale 14 Jan. 15 102 X 104 102% Jan. 101 Jan. 102 X Sale 35 30 Jan. 20 8 7 X 6% Jan. 5% Jan. 7 5% Nov. 21 7% Apr. 1 Sept. 28 7 5 37 5 42 ............*950 •7s extl Water loan...........1956 ♦6s extl Dollar loan 1968 ♦Sees f b 7s 1940 'Saxon State Mtgelnst 7s... 1945 ♦sfg6ms Decl946 Serbs Croats 8t Slovenes (Kingdom)— ♦8s secured extl..............1962 b sec extl ♦Silesia (Prov) extl sink fund m Svdney (City> s f tf 5ma Taiwan Elec Pow 5ms 6 11% 7% 7% 6% j 19 1962 7s. 1958 _ 7 11% 7% 7% Sale Sale ..... Sale 8 63/ 6 13 20 7 Dec. 7 27 5% Dec. 12 5% Mar. Sept. Sept. 13% Dec. 31 25% 8 X 7X OX 18 X 20 X 25 Sale 3 25 dec. i960 —1964 f 51 a 42 43 X m n 40 3%-4-4%% ($ bonds of 1937) External readjustment —1979 m n 39 X 8 9 7 9 3 28 11 21 Aug. 30 Jan. 31 Jan. 19 11% Jan. 8% Jan. 15 Jan. 20 10 27 6% Dec. 14 5% Mar. 31 5 Nov. Nov. Sept. Nov. Sept. 26 25 26 23 28 Feb. 18 Jan. 19 20% Jan. 31 23 24 22% Jan. 27 28 Jan. 10 Sale 20% Jan. 26 25% Jan. 7 27 Jan. 25 33 26 27 28 Jan. Jan. 9 Jan. 27 30 Dec. 25 Feb. Jan. Jan. Jan. Jan. 28 100% Jan. 25 52% Jan. 90 98 Sale 49 X Sale 41 95% 50 X 49% 43 X z45% Sale 50% 6 49 3 3 41 3 37 Sept. 31 42 Aug. Jan. 19 41 Mar. 44% Jan, 12 38' Jan. 24 40] Apr. Apr. 55% 56% 16 56% Jan. 41 46 43 Jan. 20 44 39 44 3 51 39 42% Jan. 40 Jan. 24 40 37 Jan. 17 39% Jan. 3 36 Jan. 16 38 Jan. 18 36% Jan. 37% Jan. 36% Jan. 20 39% Jan. 16 Jan. 3 38% Sale 37% 15% Sept. Sept. Jan. 46 41 Sept. Sept. Aug. Sale Sale 20 36,000 Yf.ooo 14,000 4,000 15~O~666 23,000 1,000 " 1979 mn 1978 1978 3ms External readjustment...1984 3m-4m-4»u% extl conv 4-4M-4M® extl read! 1952 ...—1952 7 ,666 ♦Vienna (City of) 6a.... ♦Warsaw (City) external 7s...... 1958 11,000 Vedetlan Prov Mtg Bank 7a.... 13,000 221,000 j d f a j ..194] 37 41 o f 38 58 u r> ..... ..... 55 X 30 5 41 5 55 al5% A 1 39 36^/8 a f 39 39 Sale mn 1 1958 4%« assented Yokohama (City) extl a f 6s.. —— j a . 39M 31X 57 X .... Sale 31% 15 Jan. 29% Jan. 36% Jan. 10% 10% 10% 73 % Jan. 8 Jan. 11 Jan. 11 June 30 38 Jan. 5 20% Sent. 14 22 Aug. 26 11% Jan. 10% Jan. 17 May 13% Jan. 7 11 9 10 13 Jan. 7 11% 47% 26% 26% Jan. Jan. Sept. Sept. 4 4 9 8 May 20 34% May 20 69% Jan. 18 Nov. 17 35 35 33 June 16 101% Feb. 3 11 7 60% Mar. 10 54% Jan. 19 Jan. 10 54 60 Mar. 52% Nov. 53% Jan. 8 Jan. 8 53 43% Oct. 43% Oct. June Jan. 23 18 25 Jan. 5 30 Sent. Nov. 7 5 2 42% Feb. 11 69% June 14 59 Mar. Jan. 13 Jan 6 62 35% Nov. 18 Feb. 25 65 100 11 34 31 43% Aug. Jan. 5 Jan. 19 37% Mar 87% June 103 Dec 23 Jan. 20 103 Dec 24 16 104% Jan. 65 Jan. 17 107 Jan. June 106% Nov. 12 12 86 94 58 June 17 100 Mar 105 June 103% 28 28 Jan. 24 31 ~ Sale 55 Jan. 6 57 Jan. Jan. 57% 103% Sale 50% Jan. 26 66 16 104 14 104 57 Mar. 36% Dec. 37% Dec. 38 Apr. 38 July 50% Sept. 23 zl5 34 2 13 36% Dec. 22 3%-4-4% % (3 bonds of 1937) External conversion.... 21 7 Jan. 31 Sale 10 10% Jan. 28 33" Sale Jan. 28 Dec. 20 20 6 Jan 19 15 7 15 10 3 5 19 6 62 Jan. 9 8 67% Jan. 82% Jan. 12 6 24 7 24 25 25 Mar 45 9 Jan. 7m Sale Sale Oct. Oct. 31 7% Jan. Jan. 7% Jan. 11 28 6% Jan. 17% Jan. 20% Jan. 8 33 30 m n 19 16 25 8% 6% 6% 5% 14% Sale Sale 33 49 11 Oct. 13 13 7 Jan. 23% Sept. 13 Sale 100 X 52 X Jan. 6% Jan. 6% Jan. 7 9% Jan. 15 Jan. 101% Sept. 28 108% Jan. 94% Sept. 28 109% 19 18 22 X 22 30% l> 7X 19 25 Nov. 12 5% Nov. 23 23 14 24 26 Jan. 4 Oct. Dec. 22 20 17 9 Mar. Jan. Sept. 28 7% Jan. 25 Mar. 12 7 8 4 5 Mar. 11 14 5 16 Nov. Nov. 12 7 30 4 6 25 24 10 6 12 11 14 Feb. Jan. Jan. 8% Jan, 8% Jan. 8% Jan. 8% Jan. 69% Jan. 20% Jan. 20 Jan. 3 Feb. Mar. 10 Jan. 4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 11% ION 12 7% 6% 7% 7% 60% 18% 8 20 98% 52 25 11 X 30 j 8a..l94t f 6s ♦Rxter a f 6s _ m n .——1971 a 18 27 m n Tokyo City loan of 1912 5s......195? m s External s f 5ms guar.... 196) a o ♦Uruguay (Rep) external a f Sale 24% s j Sale 7% Sale j ♦8s external 9 Sale SX SX SX Sale SX SX 63 M Sale 15 19 X 13X 18 24X Feb. Jan. 18 6 30 3 67 17 10 18% Jan. 10 8 Jan. Nov. 29 6% Nov. 25 5% Mar. 31 24 Jan. 27 3 3% Jan. 8 2% Feb. 28 3% Jan. 18 31 18 Jan. 27 105 Jan. 26 106% Jan. 28 1% Apr. 26 24 Jan. 63 Sept. 28 July 12 Sept. 29 30% Dec. 28 9% Jan. 10 3 27 1 Mar. 24 62 7 9 1 Mar. 3 62% Oct. June 56 12 Feb. 28 4 62% 57% 103% 104% Mar. 86 28 4 4% Mar. 22 Dec. 41 5% Jan. 9% Jan. 9 Sept. 96% 4 2% Jan. m Mar. 26 6 2 107% Aug. 107% Aug. 107% Aug. 104% Oct. 103% Sept. 104% Nov. Sept. Sept. 20 June 18 27% Aug. 11 Aug. Aug. 18 Aug. 18 10 57% Jan. 20 Mar. Jan. 27 103 10 101% Jan. 26 Oct. 23 13 Aug. Aug. 43 10% 10% 99% 98% 98% 99% 17% 43% 20 46 13 61 88 Sept. 88% Sept. 103% Mar. 27 104% Jan. 26 105% Jan. . Dec. 21 6% Mar. 6% Dec. 38% Mar. May 37 19 48% Jan. 25 104 17 16 15 20 19 % Dec. 15 % Dec. 14 % Dec. 20 % Dec. 28 % Dec. 28 41 Sept. 26 25 100% Jan. Jan. 26 100 8X J m n *6h> extl secured s f_—.....1957 m n San Paulo (State of)— j •♦8s extl loan o* 1921 1936 ♦Ext Jan. 48 50 8 17 (City) a r 6a of)— ♦8s extl secured s f ser 48 7 Sale Sale Sale Sale 7m 7X 7 15 ♦February 1937 coupon paid ♦7s 4 39 6% 7% 7% 68% a 110,000 190,000 47% Jan. 10% Jan. 10% Jan. 38% Jan. 6% 6% a 7. 54,000 1,000 Sale 30 d ♦Saarbruecken 6X 9% 9X 9X 33 X 55 20 103% 106% ....-..-—-1968 ♦7s extl loan of 1926..........1966 ♦7s Municipal loan. .........1967 Rome (City) external a f 6 ma. —.1952 ♦6s extl a f g... 117,000 5,000 Sale 7% 37,000 6,000 8,000 Sale 55 o loan of 54 X 35X .....1955 4,000 7 16 5 r33 M Sale 10 X Sale 37 X Sale 46 Sale 31 ...........1953 162", 000 36.000 % Jan. % Jan. X Jan. 4 Dec. Dec. Dec. Dec. Dec. (State of)— 23,000 20,000 Sale 10 X 1940 13,000 19,000 7 5M m s 4%s assented 1958 ♦Slleslan Landowners Asan 6s...1947 2,000 25 49M 54% 50 X 100X 101X 100% 101 Jan. 101X 101m 102 98 55 50 Jan. 60 49% 53 43 X 49 X 43% Jan. 50 X Sale 8 m 101X Sale 1921..........1946 ♦8s extl Sao Paulo (City 95,000 25 94% Sale 103% 105 103% Sale 102% Sale 100% Sale 99% 104 X 103% 20 17% Sale 52% Sale 48% Sale 100% 103 X 1968 6%» X % % % % % Jan. X Jan. % Jan. 52 104 18% mn Queensland (State of) ext s f 7a.. 1941 a 25-year extl s f 6s Feb 15 1947 f ♦Rhine-Main-Danube deb7s ser a 1<>50 m ♦ Klo de Janeiro (City of) 8s...-.1946 a 9,000 148,000 27 Sale 104 54 104 d (City of) 8s—..—1961 j ♦Extl loan 7%s 196b Prague (Greater City) 7ma 1952 mn 'Prussia ('Free state) ext sff 6 X—1951 m s •s f gold 6s. 1952 a o 100,000 13,000 544,000 13,000 4,000 1,000 32,000 64 ,000 Jan" 9 Sale 97 X 97 X 100 M 104 % 102 X Sale 17 ♦Porto Alegre 35,000 96,000 83,000 27 49 Sale '27. Oct 15 1947 1954 1958 4%s assented SX SX 44 a m 1960 j f 6a..——1961 a ♦Poland (Rep of) g 6s 52 100% Sale 104 f Sale 44 Sale 99 X f 1959 49 100 a a of) 7s......1947 ♦Peru (Rep) Sec a f g 7a ♦National loan ext a t 6a 33,000 44,000 78,000 10,000 13,000 61,000 87,000 1,000 47,000 241,000 52,000 5 "~I% 7X 7 X IX 45 mn (assented).......1963 ♦Pernambuco (State Rio Grande do Sul 76.000 Jan. IX 53 Sale 45 External sink fund 4,000 64,000 5 28 Mar. 31 6 IX x 2% 7M 7 X 4%•---—..1965 a o 4s a f extl loan 1963 r a 282,000 Municipal Bank ext a f 5s 1970 j 15,000 7,000 ♦Nuremberg (City) external 6a.. 1952 f ...1953 m 8 145,000 Oriental Development 6a External deb 5 %■ 1958 mn 77,000 Oslo (City) 4h|s extl sink fund..1955 a o 35,000 1953 j d 13.000 ♦Panama (Rep) external 5 ♦Extl s f 5s ae* a May 15 1963 m n 17,000 59,000 37,000 582,000 332,000 23,000 58,000 53,000 1,000 395,000 10 12 13 1 X X Sale 55 r> j External a f g 5s 94,000 116,001, 1958 6%s—.—...—-.1959 (City) 7a..........-1952 6%s f ♦6s series a....... New South 147.000 66,000 12% Jan. % Jan. % Jan. 1 x 6 a 1958 Norway 20-year ext a f 6a.Aug 15 1943 82,000 20-year external s f 6a. Aug 15 1944 Extl sinking fund 4%»_——1956 151,000 122,000 803,000 j m ♦Sec extl 9,000 X m ♦Sec extl a f 30,000 " d o 33,000 127,000 88,00u 63,000 1; X X 10% Jah~~~4 X Jan. 12 % Jan. 12 % Jan. 11 —. Sale Prices Sept. 20 Dec. 13 30 1938 YEAR Highest Prices Sale 26 '"""%" j j •♦Small Milan City (Italy) ext loan *%•—1952 a Mines Geraes (State of, Brazil)— 91,000 157,000 d 1954 1904 J large— 'Assenting 4s of 1910 small — •♦Treaa 4s of *13 assent (large) 1933 41,000 73,000 9% X X 'Assenting 4s of 1910 191,000 38% Jan. 20 o 42,000 386,000 31 % Jan. .... ♦4s of 1904 2,000 2,000 58,000 117,000 88,000 Jan. 23 18 10% Sale % % 1% X % 1% % % J y ...... 'Assenting 4s of Sale Prices Sale Prices 34 24% July MN 'Aaaentlng 5a large 6,000 23 MN 'Assenting 5s small Y.ooo 32,000 139,000 42,000 110,000 1954 1943 1943 ♦Mexico(u 8)external 5a of 18991 1945 'Assenting 5a of 1899.........1945 " 140,000 3,000 7i,000 r> Ask FOR Lowest Highest d 1 RANGE JANUARY Lowest Sale 34 40 38 a j 4%s gtd 4%s stamped assented Yf.ooo 127,uOO f Mexican Irrigation " 1,000 153,000 141,000 15,000 1947 1950 7%i 'Medellln (Colombia) *%■ 74,000 14,000 215,000 a 'Leipzig (City) external • f ft 7a. ♦Lower Auatrla (Prov) o 7a..1957 'Jugoslavia (State Mtge Bk) IN Jan. 31 | Ask Bid Bid, foreign gov t (cootmted) 15,000 13,000 3 Jan. n. y. stock exchange 1989 Jan. 21 STOCK EXCHANGE-BONDS N. Y. feb., 1939] and industrial companies. railroad 47,000 56,000 14,000 68,000 33,000 49,000 34.000 63,000 6,000 4,000 58.000 10,000 43,000 3,000 25.000 270,000 1,000 12,000 221,000 222,000 196,000 5,000 1,000 •{♦Abltlbl Pow h Paper 1st 5s...1953 m 8 Adams Express coll tr g 4s .....1946 j d Collateral trust 4s of 1907..... 1947 f a 4%a stamped .....1946 a o Adriatic-Elec Co external 7s..... 1952 1943 1943 Ala Gt Sou 1st cons 5s ser a First cons 4s series b Albany Perfrated Wrap Paper 6s. 1948 6s with warrants j d j d a 65% 103% 103M 103 60 o 50 72 X 79 X 70 ...1946 Allegheny Corp coll tr conv 5s..1944 Collateral and convertible 5s.. 1949 Albany 5c Susq 1st guar 3 Ms --- 105 70 105% 103X 104 35 assented..—1948 66 X. 104 6S2,000 142,000 41,1)00 128,000 3,000 ♦5s stamped.. ........ 38 X 45 X 1950 Sale 50 Sale 68,000 Allied Stores Corp deb 4Ma.._..1950 103 X 97 66.000 21,000 573.000 153,000 4 mb debentures .....1951 Allls-Cbalmers Mfg conv 4s——1952 109 X Sale 37 X 53 Sale 37.000 93 m 422,000 335,000 5,000 341,000 ♦Alpine Montan Steel 7s 1955 m Amer Ac Foreign Power deb 5s...2030 j d American Ice s 1 deb 5s. ...1953 IV! N American i g Chemical 5Ms 1949 148,000 265,000 Amer lnt»rnat Corp conv 2,000 363,0)00 16,000 Jan. Jan. 3.000 9Ma.. 1949 60 Jan. 107 Jan. 104 Jan. 4 35 34 Jan. 23 38 35 Jan. 17 72 Jan. 23 74 65 106% 104% 32 ~74~~ sale Sale 27 5 j Sale Sale 30 Jan. 17 34 31 54 Jan. Jan. Jan. Dec. 57 jan. 5 11 70 July 90 Jan. 18 4 45 Mar 85 Nov. 12 44 Mar 25 Mar 74 Jan. 27 83 63 Jan. 26 72% Jan. 29 Jan. 26 59 52 Jan. Jan. Jan. 98% -Ian. 17 93 Jan. 25 110% Jan. 104% 105% 103% Jan Sale 97 Jan. 98 40 40 89 Jan. 108% Jan. 40 Jan. 48% Jan. 51 Sale 102 102 Jan. Sale 93 Sale 102 Jan. 39 4 16% June Nov. 52 10 45 10 105 20 101 Apr. 79 79 May Apr. 96 Mar 10 3 5 40 Jan. 53% Jan. Jan. 31 102 Jan. 104% Jan. 28 10 102% 5 6 24 r> 101X Sale 101% Sale 101 X Jan. 102 Sale 103 Sale 102 lllX 105 X 105% Sale Sale Sale 111% 107 Sale 111% Jan. 112% Jan. Sale 105% Jan. 105 % Jan 3 107% Jan. lr- 27 106% Jan. 31 109X 115 106% Jan. 27 111% Jan. 13 Jan. 19 Jan. Dec. 13 437,000 492,000 564,000 499,000 9,00)0 4 5,000 583,000 10,000 42,000 20-year sinking fund 5ma 3%• debentures...... mn 1943 a o —1°61 j d 3%» debentures..... ... ..1966 j j ♦Am Type Found s. f. debs 2%-5a. 1950 mn Amer Water Wks & Elec 6s ser a.1975 For footnotes, see page 30. 100% 104 106% 105% 103 Sale 108 Sale 102% Jan. 105 12 4 76% Nov. 14 50% Nov. 14 14 41% Nov. 47 109 Nov. 16 Jan. 7 26 98% Nov. 95 115 Aig. 26 6 Aug. Feb. 11 June 3 100 July 18 38% Mar. 30 63 8 95 Jan. 31 102% Oec. 7 99% Mar. 31 105% June 102% Dec. 7 80 Apr. 27 Amer Tel At Tel— 494,000 5 28 Jan. Sale Sale Feb. Dec. 30 35 Sale 89 Mar. 35 65% 109% 78 6 28 76 32% 46% Sent. 72% Oct. 104% Jan. 44 1998 1942 Allegh Ac West 1st g gu 4s Alletf Valley gen gu 4s. Jan. 103 59 ♦Collateral h convertible 5s... 1950 15,000 Sale 103 103% 104% 103 103% 40 77 82 72 Sale 111% Dec. 21 113% 105% 99% Apr. 105% 99% Apr 116 97% May 11 8.4 Apr. 1 106% Jan. 20 Dec. 31 Dec. 31 Nov. 14 Nov. 15 22 N. T. STOCK EXCHANGE—BONDS SALES IN Dec. 1938. S Jan. 3 $ 217,000 PRICES £.2 BONDS N. Y. STOCK EXCHANGE Jan. 1939 Bid 388,000 Anaconda Cop Min a f dab4H> ..1950 k O Ask Bid 105 X Sale IN JANUARY Jan. 31 Highest Sale Prices Ask 1053* Sale RANGE Lowest 105 Jan. Sale Prices Jan. 5 24 106 AngloChlleaa Nltrata— 164,000 54,000 1,000 464,000 139,000 61,000 31,000 9,000 378,000 134.000 478,000 8,000 212,000 525,000 38,000 1,000 54,000 4,000 86,000 160.000 10,000 161,000 6,000 374,000 55,000 33,000 66,000 3,000 2,000 18,000 32,000 90,000 "5", 606 31,000 177,000 13,000 69,000 44,000 194,000 66,000 23,000 40,000 307,000 13,000 12,000 25,000 620,000 564,000 35,000 1,461,000 - 184,000 108,000 76,000 86,000 60,000 29,000 67,000 323,000 2,000 'Sinking fund Incoma deb 1967 tAnn Arbor 1st g 4a. July 1995 Ark & Memp 14",656 152,000 1,583,000 103,000 985,000 75,000 839,000 97,000 3,218,000 115,000 163,000 2,000 408,000 41,000 36,000 42,000 126,000 11,000 43,000 5,000 47,000 120,000 91,000 3,000 132,000 132,000 79,000 92,000 J (Del).-.1955 1st M a f 4a aer C (Del) 1957 Atchinaon Topeka Ac Santa Fe— Gen g 4a... 1995 A O ♦\djuatmentg4s Jnly 1 1995 No? 'Stamped 4a.........July 1 1995 MN .... Con? g 4a of 1909 Cony g 4a of 1905..... 1955 1955 -.I960 1948 Cony g 4a of 1910 Cony deb gold 4J4i——— Rocky Bit diy lat 4a A. 1965 Trana-Cont Short Line lat 4a gl958 Cal-Arlzlat & ref 4 34 a aer A—1962 Atl Knox Ac No lat g 5a —1946 Atl At Char Air Line lat 4H* A..1944 lat 30-year 5a aer B .1944 Atl Coaat L lat cona 4a July 1952 General unified 4Hi aerlea A-.1964 30 D D 9834 Sale 89 IIP up J 10034 983* 10834 J J M J M S J <1 If J J 1948 J J J J 1953 deb43*a'39 1941 1940 July 1948 July 1948 Baldwin Loco Wks 5a atpd Bait & Ohio 1st mtge g 4s 1 st mtge g 5s M S J 1634 J I M N A O A O 1995 J""d Ref & gen 6s series C 1995 j'D 7134 101 56 Ref & gen 5s series D Certificates of deposit 2000 MS Ref & gen 5s series F 1996 M~S Certificates of deposit 1941 Certificates of deposit So western Div 1st mtge 5s Certificates of deposit 1950 FA MN }~"j 29",666! 25,000 709",666 168,000 27,000 141,000 995,000 6,000 25",656 "34",656 207,000 102,000 85,000 158,000 83,000 27,000 110,000 92,000 93,000 132,000 4,000 63,000 348,000 ■20l",666 23,000 22,000 12,000 15,000 8,000 91,000 27,000 2,000 98,000 97,000 59,000 35.000 40,000 262,000 90,000 92,000 129,000 92,000 15,000 17,000 49,000 27,000 176,000 61,000 77,000 18,000 26,000 72,000 • 86,000 89,000 1944 J 1967 M S aeries II 1955 M IS JJ AC D 1961 A 0 t'BostonAc NY Air Line lat gu 4al955 Brooklyn City RR 1st 5s 1941 F A J J Bklyn Edison cona mtge 33*s 1966 Bklyn Manhattan Transit 4H«--1966 Bklyn Queens Co Ac Sub gtd 5a..1941 MN 1st 5a stamped M N MN 1941 J 1950 Brooklyn Union El lat 5a J F A Brooklyn Union Gas Co lat g 5y_1945 ...1947 Debentures gold 5a ....195# 1st lien Ac ref 5s aeries B.......1957 Brown Shoe a f deb 331 a ....1950 Buffalo Gen Elec 434« ser B 1981 Buffalo Niagara Elec 334* aer C..1967 Buff Roch Ac Pitta cons 4^a.. 1957 M N M N J D MN F A F A J D MN Certificates of deposit *t+ BurlCed Rap Ac Nor lat 6a...1934 ♦Certificates of deposit...... Bush Terminal Co 1st 4a.......1952 AO 7,000 12",666 4,000 7,000 2,000 120,000 15,000 92,000 98,000 1~45",666 9,000 160,000 212,000 61,000 48,000 325,000 15,000 307,000 17,000 39,000 237,000 29,000 127,000 7.000 91,000 81,000 58.000 76,000 16,000 72.000 7,000 Sale 133* Sale 513* 5134 "15"" Sale Sale 53 85 Sale Sale 1966 o con gu 5a ser A.....1962 Canadian Nat gold 43*s 1957 o Canada Sou J Guaranteed gold 5s July 1969 J Guaranteed g 5a Guaranteed g 5s... Guar gold 4**e Oct 1969 o 1970 A D june 15 1955 Guar g 434s Guar g 434s 1956 A 1951 M S Canadian Northern guar 6)4a_..1946 Pac 4% deb stock Collateral truat gold 434s 1946 5a equip truat ctfa 1944 Collateral truat g 5a 1954 Collateral truat 434a 30 J J J 102 Jan 100 Jan 483* Jan Sale 49 Jan Sale 4734 Jan 1636 Jan 513* Jan. 24 Oct. 4 343* June 4 37 June 23 49 30 85 102 Dec. 7834 8234 5134 3934 22 Jan. 5 1434 Sept. 21 Jan. 4 15 Dec. 4 15 Sept. 25 2234 Jan. 223* Jan. 5 •17 1834 Sale 16 Jan 24 20 Jan. 5 Jan Jan Jan Jan 24 21 Jan 19 1934 Jan. Jan. Jan. Jan. Jan. 20 17 11* Dec. 47 Sale 443* Jan 373* Jan 3 52 18 49 23 41 Dec. Sale 33 Jan 28 7 11*4 Dec. 31 Jan. 70 4 Dec. 31 43 3934 Jan. 20 19 June 33 50 35 Jan 3 19 Sale 373* Jan 10434 Jan 8734 Jan Dec. 31 42 283* Dec. 1734 June 33 3 Jan. Jan. 5934 Jan. 3 38 40 46 Jan. 70 "35"" Sale 26 24 13 203* 193* 1434 143* Jan. Jan. 6 1434 Dec. 5 14 1434 4 934 5 /' 934 21 273* 20 39 Dec. Dec. Dec. 34 Jan 11734 1303* Sale 11734 Jan 12934 Jan 2234 213* Sale Sale June 10 105 9834 Jan. 3 June Mar. 11234 Jan. 95 106 Jan. 17 10 99 Mar. 108 48 Jan. Feb. 4 Apr. 30 Nov. 4 28 10834 Jan. 25 100 Jan. 7 2 11934 Feb. 1293* Oct. 13 993* Jan. 115 Sept. 12534 Apr. Jan. Jan. 2034 Jan 213* Jan 28 28 Jan. 25 31 Jan 27 2634 Jan. 2634 Jan. 20 19 Jan 26 21 ♦Chat D|y F MN 1951 A 0 g 4a 80 Sale 113 Sale 10034 94 60 13 1063* 1073* 183* June 17 41 Jan. 24 2934 Jan. 273* Jan. 1034 Jan. 20 3* June 24 Mar. 31 Apr. 27 12 Jan. 15 54 July 25 55 Sale Sale 48 Jan Jan 10734 Jan 703* Jan 25 99 10634 7434 6734 39 Sale 634 "3l"34 35 8034 10634 Sale 1033* 7634 7234 Jan Jan Jan Jan 23 Sale Jan 84 Sale 75 93 7 70 Jan 313* Jan. 3034 Jan. Jan. Nov. 30 Jan. Dec. Aug. Jan. Jan. 5334 Jan. 9.534 Jan. 9634 Jan. Sale Sale Sale Sale Sale Sale Jan 3 Jan Jan 31 Jan Jan Jan Jan zll5 Jan 11334 Jan 12234 7934 9734 112 34 983* 9134 Jan Jan Jan Jan Jan Jan 105 Jan 27 116 3 116 3 1163* Jan. 27 1143* Jan. 3 123 34 Jan. 27 8234 Jan. 27 25 23 12 34 Jan. 31 634 Jan. 63* Jan. 534 Jan 26 65 70 Jan Sale" Sale Sale 10934 1103* 10934 Jan 103 34 10334 103 Jan 1103* 1103* Jan 28 J4 Jan 293* "32 if 24 2434 107 3* 1083* 24 26 10 Jan. 53* Jan. 24 Jan 213* Jan 107 28 107 21 75 Jan. (j 10934 Jan. 11 11134 Jan. 15 56 Jan. 6 923* Oct. 24 26 Feb. 25 10 50 Jan. 25 1234 Jan. Feb. 13 17 7 73* Jan. 12 7 27 28 9 3934 2634 2234 10834 763* 6934 Jan. Jan. Jan, Jan. Jan. Jan. 25 11 10134 Jan. July 7 25 23 18 13 16 June 14 Mar. 31 June 3 Apr. 2 16 19 4 Jan. 10 June 18 11 1153* Jan. 7 101 23 14 14 118 60 3 Jan 104 101 1043* 101 9934 1033* 1013* Sale 1003* Jan Feb. 101 Jan. Jan. Oct. 21 Dec. 31 10 1 Jan. 81 10 20 54 27 12 13 1 62 3 18 27 1053* Feb. 2 3 115 12 14 18 21 Mar. 14 Mar. 30 23 10434 Jan. 26 M N 9 Jan. June June Jan Sale Jan. 99 18 24 Feb. Dec. Dec. Jan. 50 Sale 4 July 26 z54 Jan Sale Jan 1153* 115 11534 115 Sale 773* 8034 7734 Jan 70 Jan. Jan. Sept. 5 Sale 8 25 Sept. 20 Sept. 13 25 763* Jan. Mar. 29 Jan 7234 61 Dec. 713* Jan 6734 Jan Sale" 8534 Jan. 4934 July Dec. Jan 70 22 15 Mar. 28 Oct 83* 43* 534, 834 97 80 17 28 11834 Mar. 4 28 11634 Mar. 12 28 11534 May 23 28 1253* Jan. 15 June 36 73* 17 9 May 4734 Feb. 5 108 Jan. 4 May Nov. 29 May 20 95 903* Jan. 1934 Jan. Jan Jan Jan Jan Jan. Mar. 18 20 1073* Jan. 28 92 Jan. Jan Dec. 89 Mar. 18 10334 Oct. 10 11434 Mar 18 104 9 10034 Jan. 3 94 Jan. Jan Oct. 12 Mar. 18 3 1003* Jan. 11 11334 Jan. 16 9 Oct. Nov. 30 Sept. Sept. Sept. Sept. Jan. Jan. 6 1193* Jan. 30 118 Jan. 87 25 10 Nov. 15 14 Nov. 30 96 June 20 109 Jan. 13 Sept. 28 11534 Nov. 9 Sept. 28 11734 Mar. 11 Mar 11 Sept. 28 121 Mar. 18 120 34 Mar. 11 26 119 Sale 1 Mar. 31 Jan. 8834 Jan 13 Tf 3 Nov. 21 Jan. 14 Apr. Apr. 4434 Sale Sale 27 10 8 41 Sale Oct. Jan. 28 8 70 92 18 3 3 9134 1143* 1143* 11734 11834 11634 Jan. 12 25 Sale Nov. 29 Dec. 14 M .1950 |M S| 30 31 Jan 9734. 106 Central Steel lat sink fund 8a...1941 100 Jan. 4 10834 Jan. 4 11234 Jan. 26 Aug. Mar. 19 Mar. 30 Jan. 97 Jan 14 Certain-teed Prod M S, 79 49 111 "55"" 1950 4 3834 Jan a5334 7934 26' Sale Sale 1 1083* Dec. 29 7834 Nov. 16 393* 403* Apr. 26 88 34 Mar. 15 10834 May 27 107 June 13 80 3* Apr. 14 99 Jan. 6 108 H Nov. 3 1113* 8334 Jan. 10834 Jan. 6 10334 Jan. 12 Sale Sale 3 Mar. 31 Juno 8 3534 Jan. 15 "434 603* Sale 8 Apr. if Nov. 29 23 93*' Sale 43* Sale 534 Sale 10 734 54 f g 534a A...1948 28 10934 Jan. 26 7434 Jan. 19 M N 1940 May 1 1942 Jan. 55 1134 73* , 50 65 90 14 3934 4 Jan 3834 45 10334 Sale 1954 26 Jan 89 110 1949 Jan 634 Jan Sale 90 10934 "Il962 25 23 1 100 3* Nov. 14 31 1073* Feb. 24 17 Feb. 11 18 Feb. 10 Sale Sale Sale 6 M ... Oct. June 893* 1834 M S t'Central New Eng 1st guar 4s..l961 Central of N J gen g 5a 1987 General 4a 1987 Cent Pac 1st ref gu g 4a Through St L 1st gu g 4a Guar 5s Sale Sale 2 Jan. r 68 11 107 29 Nov. Jan. 55 634. g 97 2934 26 10034 Jan. 26 Sale 103 72 M S IP 3 7 107 Oct. 19 8 10134 Dec. 34 Jan Sale "53* ...1946 Central Foundry 1st mtge 6a_... 1941 General mtge 5" 1941 Cent Hudson G Ac K 1st Ac ref 334a '65 Cent 111 Elec At Gaa 1st 5s 1951 Central Illinois Light 334s 1966 10834 7334 Feb. Apr. Apr. Apr. Jan. 3 108 Jan. 3 10234 Jan. 24 Sale 10 ♦Macon Ac Nor Dir lat g 5s 1946 ♦Middle Ga Ac Atl Dlr pur m 5a. 1947 48 Jan Jan Jan 2934 June 21 2834 Apr. 26 Sale 11334 12334 534 1959 734 10634 10134 9734 10634 Sept. 30 Sept. 28 Sept.26 19 Sale 115 3134 1234 1959 26 Sale Sale A ♦Ref Ac gen 534s aerlea B ♦Ref Ac gen 5a aeries C 21 Sale 7 Jan. 30 10134 Jan. 27 25 1183* 3 13034 25 20 108 Jan. 163* Dec. 16 40 90 •85 Sale June 10 11 50 Sale '883* 3 11 1173* 1163* D Jan. 2034 Dec. 31 7 3834 Jan. 1634 Dec. 15 133* June Sale" 115 14 J 3 3 Dec. 30 Jan. 7 Dec. 31 Sale 3934 5034 Sale 15 Jan. Jan. 12 Sale 3834 1 15 Jan. 1634 163* 163* 103* Sale Sale Feb. Sale Sale 50 Sale 7 Mar. 1834 1734 113* iilll A issue) 59 30 Oct. 96 Jan. 1043* Dec. 27 Apr. 24 11434 12234 8034 9834 11234 9834 9134 4234 1053* 883* D For footnotes see page 30. 13 26 Jan. Jan. Jan. 15 26 923* Sale 95 9534 Sale 9134 1153* 1153* 11434 1143* Sale 1153* 11834 Sale 11834 11834 11834 J issue). 1023* Nov. Jan Sale F S f deb 4Mb (1938 25 102 26 58 60- 1434 Mar. 14 Apr; Sept. 50 17 Sale ♦Cent Br Un Pac lat g 4a.. 1948 t'Cent of Ga Ry lat g 5a...Nor. 1945 ♦Conaol gold 5a 1945 S f deb 4«a (1935 5 17 Jan. Jan. 14 6 763* Jan. 363* Nov. 14 3234 Aug. 26 1834 Jan 183* Jan Sale MN a 3734 313* 5534 26 10534 11 2234 n* 4 12 4 5 3 88 Sale • Carriers Ac Gen Corp deb 5s w w.1950 Carthage Ac Adlr 1st gu g 4s 1981 Celotex Corp deb 434 ■ w w 1947 5s extended to 12 70 Sale 10234 Sale 9934 1063* Sale" 2734 Sale 283* Sale J Central N Y Power 3%a 21 1063* 10634 1063* Sale 1063* Jan ill3* 112 11234 11134 Jan 10934 10834 2834 Sale 2834 Sale 2634 Jan Sale 26 26 2534 Jan 8 53* "1134 734 Jan J J 2934 Sale 94 1960 ♦Mobile Dir Is t 0 5s 1033* Jan 2434 7234 87 Sale iir t'Carolina Central lat gu g 4a._ 1949 Caro Clinch & Ohio 6s ser A 1952 pur money 52 26 1934 1934 Sale Sale 85 19 82 3* "86"" 10634 Sale 10334 Sale 1043* 75 783* 73 52 Champion Paper Ac Fibre— Sale Sale 35 J Central RR and Banking of Ga— 2,000 2,000 If o O 53",666 "3",666 10834 1960 8,000 6,000 48 1955 Consol 5s fBush Term Bldgs lat 5a gu Calif-Oregon Power 4s 1,000 53,000 15,000 17,000 9,000 June 11 Sale 7 70 41 34,000 202,000 June 31 18 10034 10634 2834 283* 273* J 83",666 67 Jan. Jan. o J 44,000 69,000 4,000 9 Jan. Jan. Jan. 1952 f cony debs Big Sandy Ry 1st mtge 4a a J 182,000 92,000 Oct. 97 Jan. 1043* Jan. 94 Jan. 8334 Nov. 9134 Jan. Jan. 109 25 334s M S 13,000 14 June 25 Sale J 16,000 1,000 26 11 112 983* June Jan Sale 192,000 75,000 45",666 25 8 13 7 333* Jan 2834 Jan 18 276,000 Canadian 100,000 105 Jan. Mar. 28 132,000 19,000 138,000 238,000 3,000 44,000 167,000 100 13 6 101 May Apr. 10134, A 17 27 10934 Jan. 6 110 Jan. 26 86 Jan. 10434 Jan. 10634 Jan. 10334 Jan. 1123* Jan. 45 2734 10634 aer Jan Jan 4 5 19 11 June 6 J lat Hen Ac ref 6» Jan 23 Jan. Jan. Apr. Apr. Apr. Jan. o lat g 454a aeries Jan & 5 72 1966 ser Jan June Jan. 10 1003* Jan. 25 1103* Jan. 24 Cona mtge 33*a series E 1st mortgage 5a 23 23 Jan 1955 u 169,000 110,000 77,000 330,000 2734 City Electric deb 634a—1951 63*1 1959 Boston & Maine lat 5s Jan. Jan 1943 715,000, 437,000 173,000 90 25 102 Jan 69 183* Sale 1834 Sale 11734 12934 1960 8erlin Elec Elev Ac Undgrd Rya— 12,000 ♦lat 634s 1956 255,000! Bethlehem Steel 4)*a series D...1960 1,013,000 2,000 301.000 94,000 99,000 108,000 3,000 134,000 541,000 3,000 Jan. Sale Sale 40 1951 1948 ♦Debenture 6a 'Berlin 95 Sale 5634 Sale 19 2034 2034 Sale 193* Sale 2034 Sale ♦Deb sinking fund 34,000 102 7 1033* Jan. June 63 10734 1043* 1989 gtd g JHi 82 3 16 13 69 53 88 cona Jan. 4 Sale First Ac ref 5a aerlea C 95 4 91 Belvldere Del 16 31 88 . 103 Jan Jan. Sale . 11034 Feb. 18 7534 Apr. 7534 Apr. 7 703* Jan. 7834 Jan. 102 45 . 9834 Apr. 9034 Jan. 913* Jan. 4 26 30 3 i6034 2 3 25 Sale 25 Mar. 993* Aug. 24 9934 Aug. 25 Jan 6934 •3736 3234 2934 553* 513* Sale 10434 2234 1734 7534 Oct. Feb. 11 11 28 109 100 6434 Jan 743* Jan Sale IP HP ttH §r 38 41 Jan. 8934 Jan 6534 100 Battle Creek Ac Sturgla gu 8a. Beech Creek Exten lat g J^a Bell Telephone of Pa lat 5a B 2534 Mar. 23 May Sale 63 75 "9834 ...............1951 34,000 19,000 9,000 Sale Bangor Ac Aroostook RR lat g 5s '43 Con rafmtg* gold 4a.. ........1951 26",660 256,000 858,000 1,066,000 "9334 Sale Prices 26 10734 Oct. 5 9434 Oct. 88 Jan. 863* Jan. 86 8934 92 Sale 373* 4a stamped.. 23 9034 1959 Toledo Cinn Div ref 4s A 9834 Jan. 9834 Jan. Sale 102 20 Certificates of deposit P L E & W Va Sys ref 4s- 27 3 Sale Prices 1023* Jan. 71 1 Ref & gen Fs series A Certificates of deposit.. 1960 27 2534 Jan. 1938 Highest Sale 3134 5136 10434 ♦Certificates of deposit Convertible 43^8., Certificates of deposit 6 Jan. Sale 903* 863* YEAR 9234 Jan "95"" 78 69 3s Jan. 97 95 95 Sale Sale 69 76 35 cony 33 16 9734 Jan 9734 Jan Sale 85 J Atl Gulf At WI SS Line coll tr 5a.l959 1*'Auburn Auto'bile 98 12 26 Jan 10734 Sale 10631. Jan 8734 Sale 863* Jan 9034 Sale 913* 8734 8734 Jan J MN Second 4a. 983* 24 89 8634 1003* Sale" 9934 10034 1033* 9834 10734 10934 109 10831} 116" 10734 1083* 10734 1133* 110 my, 1123* 110 I Oct.. 1952 L Ac N collat gold 4a Atlantic Refining deb Sale Jan 3034 Jan 96 2334 353* 973* Sale 3034 97 10734 Sale M N Atlantic Ac Danyllle lat g 4a .....1948 20 3434 98 May 1 1945 10-yr coll tr 5s ♦ 2534 Sale 97 Q Armour Ac Co 4a a f aer B Auatln At NW lat g 5a gnar 553,000 470,000 22,000 508,000 60,000 610,000 67,000 383,000 68,000 548,000 42,000 2,909,000 93,000 223,000 57,000 387,000 Jan Bdge Ac Term lit 5a. 1944 FOR Lowtst 64 34 June 23 July 78 July 10934 July 1043* Dec. 110 34 Nov. 46 Jan. 3434 Jan. 3034 July M 72 Dec. Jan. July 353* June 14 7434 Jan. 54 64 June 24 5 1 13 12 7 8 3 22 10 Feb. 16 1123* Apr. 22 117 July 49, Mar. 31 8534 Oct. 29 9534 May 5 106 97 Aug. 15 100 Jan. Oct. 13 24 25 SALES IN Dec. 1938 PRICES BONDS $ 16,000 74,000 340,000 253,000 Bid 5I.......1W9 **'3 CIlea & Ohio 1st cona f 1,000 General gold 4 54s Ref Ac Impt mtfto Ref Ac lmpt mtfte MN M MN ZH* aer 3H* aer R....H96 F A May l?4t 4a.........1946 R Ac A LMv lit con ft 4a 1989 2d con told 4a 1989 Warm 8prlnfta Valley lat ft 5a .1941 ♦Chic At Alt RR ref ft 3a 194a Chic Burl At Q 111 Dly 354a 1949 Illinois Division 4a. 1949 General 4a ...1958 613,000 250,000 61,000 260,000 115,000 254,000 7,000 1,416,000 302,000 18,000 1,236,000 98,000 15,000 122", 666 22,066 154,000 194,000 99,000 467,000 104,000 219,000 1,000 521,000 155,000 4,000 627,000 Craig Valley lat ft ta..i 24,000 1,130,000 63,000 1,385,000 654,000 378,000 177,000 500,000 15,000 '¥,666 63,000 112,000 8,000 96,000 231,000 75,000 201,000 95,000 61,000 6,000 56,000 11,000 11,000 75,000 31,000 126",606 3,000 7,000 4,000 10",000 101,000 A O J 31 103 % 99 114 Sale Sale 98% Sale 102 Sale .....1971 F A A O 98 100 Sale 1754 17 % Sale 97 22 H 21 h M N M N 4a...l959 M S ♦lat At general 5a aerlea ♦lat Ac gen 4a aerlea B A Chic Indiana At Sou 5t-yr 82,000 ♦Gen 176,000 103,000 ♦Gen 93,000 1,281,000 914,000 40,000 52,000 66,000 87,000 676,000 36,000 354,000 12,000 51,000 144,000 115,000 3,000 110,000 3,000 5,000 3,000 40,000 58,000 52,000 100,000 292,000 175,000 247,000 104,000 35,000 1 1938 25% 354« part MN MN D 1963 1st mtfte 354* aerlea E ...1963 ZH s guaranteed .....1951 Chicago & Weatern Indiana 4a..1952 (at & ref mtfte 454* ser D 1962 C'hilda Co deb 5a 1943 1st mtfte 4s series 1971 Jan. 26 21 Jan 6 81% Jan. 1954 Jan. 26 84 Jan 14 26 2454 Jan 4 1154 Jan. 26 1354 Jan 23 10 15 Jan 3 12 13 1134 Jan 554 Jan 3 Sale Sale 24 41 30 26 12 Jan 3 354 Jan 3 Sale 13 20 Sale 14 15 Sale 13 54 17 15 16% 18k 16% 18% 9k 9% Sale 95-4 Sale 2% Sale 15% 16% 8 8 8% 4 % Sale 78 56% Sale 49 k 45 J J 88k 88 A O 75 k M N 11% 108% 110% 100% A J D MN MN MN Jan 3 Jan. 11 16 Jan 3 15 Jan. 20 1654 Jan 4 15 Jan. 26 19 Jan 54 44 70 55% 47% 3 Jan 4 15 Mar. 26 69% 64 7 Mar. 25 5 7 Mar. 28 Jan. 12 Jan 4 27 554 Jan 4 1154 Jan. 754 July 12 434 Jan. 654 Mar. 30 354 Mar. 30 47% Jan. 14% Jan. 30 Jan. 30 654 Jan. 554 Jan. 754 Jan. 24 9 25 Jan. 9 14 8 11 10 25 Jan 4 854 Jan 954 Jan 8 Jan . 5 o 5 1354 Dec. 21 554 Mar. 30 9 Mar. 25 Mar. 29 5 5 55 16 63 9,000 169,000 282,000 340,000 28,660 47,000 231,000 232,000 46,000 266,000 1961 11,000 Cie* Short Line 1st gu 4 Ha 90,000 Cle* Union Term lat ftu 5^1 A..1972 1st a f ft 5s aerlea B ftuar......1973 227,000 1st a f AH* series C___........1977 112,000 1945 1,000 Coal Rl* Ry lat ftu 4s 16,000 Colo Fuel Ac Iron Co ften a f 5s..1943 ♦5a Income mtfte 1970 30,000 90,000 Colorado Ac Southern 454 s ser A. 1980 1952 671,000 Columbia Gaa Ac Elec deb 5s Debenture 5a ........Apr 15 1952 76,000 Debenture 5s Jan 15 1961 827,000 Columbia Ac Hock Val lat ext ft 4a *48 ¥.666 Columbus Ac Toledo lat ext 4a...1955 74 86 Mar. 31 " 110,000 353,000 264,000 20,000 292,000 88,000 319,000 419,000 Ac Lt 4s......*965 1951 '287,000 Commercial Credit deb ZH* 2H* debentures 1942 306,000 97,000 Commercial Invest Tr deb 354*-~1951 Commonwealth Edison Co— 1st mtge ft 4s series F 280.000 .....1981 1st mtfte 354 s series H 154,000 1965 1st mtfte series I ....1968 195,000 Conv deb 3^8 1958 2,505,000 154,000 Columbus Ry Povr O O O D A O 7834 Sale 106 54 10254 103 Jan 3 45 July 7 55 Jan. 26 57 7 46 June 9 43 Jan. 26 48 Jan Jan 20 36 June 14 Jan. 25 105 Jan 9 Jan. 3 10854 Jan 17 106 54 Jan 27 103 Mar. 110 Jan. 3 4 99 June 13 5 10254 Jan 26 91 Jan 17 10954 Jan. 10554 Jan. 1354 10934 11054 10054 9054 7654 4 1354 4 11054 7854 Feb. 3 7054 Oct. 21 5454 Jan. 3 10754 Jan. 10254 Mar. 9754 June 71 Apr. 21 100 N 8 10854 Dec. 11054 Nov. 15 4 100 Aug. 102 3 10754 Jan. 102 Apr. 24 • 13 17 Dec. 77 Jan. 4 59 25 75 Apr. July 9054 Jan. 7754 Jan. 23 61 Jan. 5 41 June Jan. 5 50 June 13 61 June 96 Jan. 4 5754 Jan. 66J4 Jan. 97 54 Jan. 28 65 5654 Jan. 6654 Jan. 94 Nov. 9354 90 Jan. 24 Jan. 24 20 10554 Jan. 4 11054 Jan. 11 69 13 90 11 26 92% WA 12 25 Sale 75 70 Jan. 26 Jan. 27 106^4 Jan. 10354 l6¥" 10254 Jan. 7 7454 5 Jan. 27 Jan. 27 9954 Sale 9254 Jan. 3 100 94 Jan. 3 Sale 9254 Jan. 3 87 Sept. 10354 Mar 10754 Dec. 107 Sept. 8554 8954 8054 7554 10654 10354 63 43% 9954 9854 9854 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 77 71 from Sept 30 1938). Conn At Paaaum Rlva lat ft 4s 1,000 Feb. 2 July 25 Apr. Apr. Apr. 99 98 Jan. 14 Jan. 18 86 25 10354 10654 Apr. 105 Apr. 9554 Mar. Sale Sale 12 9954 Jan. 10634 Sale 107 Sale 10254 Jan. 10654 Jan. 108 Sale Sale Sale 10754 10954 10854 10954 Sale Sale Sale Sale 10654 10754 10754 10754 108 10954 Sale 3 107 Jan. 7 100 12 108 Jan. 3 10 10954 Jan. 27 27 109 Jan. 26 11054 Jan. 5 7,000 42,000 142,000 375,000 97,000 334,000 17",000 140,000 497,000 2,000 446,000 74,000 114,000 6,000 37,000 47,000 50,000 70,000 79,000 148,000 120,000 ZH* debentures— 38,000 68,000 76,000 deb 3548—1951 J 20 conv {♦Consolidated Ry deb 4a 1954 J ..J Ac J 1955 J ♦Debenture 4a 1956 J ♦Debenture 4s lat mtge ZH* 220,000 lat mtfte 3H*~ 168,000 lat mtfte iH*— • Jan. 13 10954 Jan. 21 105 Jan. 31 10654 Jan. 9 10654 Jan. 11 26 10654 Jan. 27 10654 Jan. 5 - ----- Sale J O J 10654 Jan. 105 Jan. 10554 Jan. 3 5 2454 2154 Jan. 10254 Jan. Sale 10 Jan. 1 5 54 1354 Jan. 12 2154 Jan 27 10454 Jan. 19 25 25 1054 Jan. 30 Jan. 31 Sale 10754 Sale 10854 10454 II Sale 108 Sale Sale 10854 19 9 . 10 Jan. 5 1 10654 Apr. 10354 Sept. 28 107 5 10554 9754 Apr. 9954 Apr. 21 10554 49 1354 Jan. 9 12 Jan. 19 9 Dec. 9 52 Jan. 10 40 Apr. 11 10454 Apr. 10154 Apr. 10254 Apr. 10054 Apr. 9854 Apr. 4 16 1 5 10854 Jan. 20 Jan. 24 21 Jan. 26 10854 Jan. 3 109 Jan. 103 54.Jan- 27.10454 Jan. 10754 Jan. 10654 Jan. 10754 Jan. 108 6 7 108 21 17 Oct. 19 Jan. 12 May 31 Nov. 15 Nov. 7 4 31 Nov. 15 Nov. Oct. Dec. 28 Nov. 10 July 27 Jan. 17 Jan. 13 1154 Mar. 31 1554 Feb. 9 58 Dec. 19 2054 Feb. 12 2654 9254 Mar. 31 104 1754 954 Dec. 12 1654 9 Dec. 9 954 Dec. 15 Sale 10754 10754 10854 10854 Sale 10454 Sale 106 Sept. 28 11154 Jan. 12 101 Feb. 19 10854 May 28 10854 8 10954 Apr. 100 23 11054 J&n, 23 107 54 108 J 1967 MN 1970 M N ........1966 MN 36. 109 11054 Jan. 18 2454 10354 10354 Sale 10 54 1354 16 1354 2954 1054 1054 1354 1054 1354 20 49 50 58 s For footnotes, nee page — 10654 Sale 10554 10654 10554 Sale 22 J f 5a.......I960 J J Consumers Power Co— 1st Hen Ac unlf mtge ZH* 1965 M N 1st lien Ac unlf mtge ZH* .1965 M N ♦Consolidation Coal 31,000 105 - Apr. 8 Mar. 31 10954 Oct. 10254 Apr. 4 10954 Oct.. 17 10354 Sept. 16 10854 Dec. 29 100 Sept. 28 11154 Oct. 19 10054 10054 10754 107 54 10454 90 80 11054 10854 109 34 10954 10554 10554 10654 Sale 10554 Sale 10554 Sale D Consolidated Oil 12",000 109 O J ♦Debenture 4a...........AAcO 1955 A J A ZH* debentures 1958 J Consol Hydro-Elec Works of Upper ♦ 1956 J Wuerttemberg 1st 7a 1,000 586,000 2,000 5,000 10954 10854 J 1948 A O ..1956 A O ZHs debentures 174,000 441,000 9854 1943 A O Aug. 29 10454 Dec. 13 1 10354 Aug. 10654 Oct. 11 110 105 J At Lt 1st g AH8 .....1951 J Stamped ftuar 4 548 19511 Conn River Power s f 3^1 A ..1961 B Consol Edison (N Y) deb ZH* 1946 A. 15 96 54 Jan. 28 11254 Jan 11054 Nov. 21 85 104 54 June .6 108 Aug. 16 86 25 J Conn Ry 103 4 12 65 Conv debs 354 s (Interest 951,000 10254 Jan. 9254 Jan. 49 11054 Jan. Jan. Jan. Jan. Jan. 4 25 Mar. 25 10454 Jan. 30 10354 Jan. M S A O J D 4 Jan. May 25 10954 Jan. 103 Jan. 30 Jan. D 20 10154 June 23 7 10454 Jan. 4 10554 Jan. 9554 May 103 4 6 12 40 10954 Jan. 10954 Jan. 11054 5 7 108 10654 Jan. Sept. Sale Sale 18 108 June 64 3 20 10654 Nov. 14 Mar. 103 54 103 54 109 104 J Jan. 8654 Jan. 39 10954 110 ..1958 J 82 Sale 58 A J Sale Mar. May 78% Feb. 99 May 97 54 Apr. 10654 Sept. 11254 May 107 Sept. 10554 May 10454 June 10454 Dec. 100 Apr. 10154 June 73 July 107 Sale N O 3 1 17 23 Jan. Sale M A J J 19 5 Jan. 40 F Mar. 18 Jan. 83 9854 10954 9 11054 July 10854 Jan 55. 60 Sale Nov. 73 77 8754 7754 7154 Sale 20 Apr. Apr. 19 85 72% Sale 94 13 3 5 Apr. Sale Sale 93 109 109 Jan. 9254 Jan. 80 July Mar. 71 28 48% 1054 10254 10654 7 24 10854 Jan. 23 10854 Jan. Sale 6054 4354 M N A O A O Sale 74 4 60 105 85 Jan. 2 3 65 88 10434 106 Sale Dec. 30 Dec. Jan. O A O A A A J F A M 18 25 26 25 25 25 8 10 60 Series B ftu 35i* 5,000 Jan. 51 554 Mar. 29 554 Mar. 30 4 22 2254 July 1954 July 1054 July 9 July 11 July 854 Jan. 554 Jan. 41 July 15 14 54 Mar. 29 Jan 1854 Jan 1654 Jan 57 6 3 54 Jan. 25 454 Jan 5 x75% Jan 7554 Jan. 65 Jan. 16 65 Jan 10554 105/4 10554 10554 10534 Jan. Jan. 107% 109 % 110954 11054 109 1942 A O Series A ftu 454a ...1942 J J Series C gu 3His.. —1948 MN Series D ftu ZH' 1950 F A General 4 Ha series A. 1977 F A Gen At ref. mtfte454a aerlea B..1981 J J 12 Jan. 4 Jan Jan. 10654 106 10754 10754 Jan. 96 96 2 11 9754 57 8 11 26 60 13 Feb. 1254 Jan Jan 10 11154 Jan 4 10054 Jan 55 13 27 Jan. Jan. Jan. Jan. 7034 13 26 12 W 17 14 8 12 26 Jan Jan Jan 88 15 Jan. 16 Sale 14 Jan. 26 Sale 17 8 Jan. 60 Jan. 8 Jan. "40"" Jan. 1854 Jan. 18 1 2254 Feb. 14 20 70 106 Dec. 22 8 Dec 25 88 77 62 it* Sale 14% <£B \ih Sale Sale 10 12 7 Feb. 15 754 Jan. i§* 3 1654 Jan Sale 76 Cleve-Cllffs Iron lat mtfte 454a._1950 M N Cleve Elec Ilium lat M 354* 1965 J J 16 88 D "88"" 5 90 D J 62% 78% 75 13% 1354 108k 110 111% 11054 101% 99 J J 5 89 108% Sale 107% Sale M S 5 Sale I 1940 10 Jan. Jan. 8754 Jan. series E 1977 J J Cln W Ac M Dl* lat ft 4a 1991 J J St Louis Dlv lat coll trust ft 4s.l99t MN 1949 16 47 Sale Sale 7% Sale 8% 3% 3% 72% 84 Nov. 10 Mar. 25 11154 Sept. 24 112 1954 June 17 3554 Jan. Jan. 19 Sept. 27 30 Jan. 20 Sept. 26 36 21 Apr. 18 3554 Jan. 19% Apr. 29 34 54 Feb 13 54 Jan. 7 Sept. 26 4 54 Jan. Sept. 14 Jan. 18 Sept. 27 1854 Jan. Sept. 16 1854 Jan. Sept. 16 Jan. 9 1354 Dec. 11* 5 27 1654 Jan. 754 Jan. Dec. 31 15 60 30 Sale 104 104 % 105% 105 Sale 107 108 10854 107 10554 105% Sale 10634 Sale Sale 101 k Sale 102 10054 M S F 53 63 Sale 23 Nov. 10 14 May 31 354 Mar. 26 May 16 4 28 « 15% 1454 7% 6% 9 Sale 28 17 June 20 9 3 15 12 30 26 3 Jan. 2454 Dec. 30 854 June 15 30 28 Dec. 30 22 9 108 1554 Mar. 23 9 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3 3 10954 Jan. Dec. 28 95 2254 Dec. 31 56 54 May 27 60 M S A Nov. 15 854 Mar. 30 754 Mar. 30 24 25 51 Ref Ac impt 4 H' AH* >«' B..1942 85 Jan Sale 65 Clev Ac Pitta ften ftu 75 4 3 4 100 Sale 37 4a 9 Jan 2254 Jan Jan. Jan. 25 5 5 3 3 Jan. 21 16 Sale 4 14 Jan. 16 105 68 Jan Jan Jan Jan Jan J Spring Ac Col Dlv lat ft W W Val Dl* 1st g 4a 6 2854 25 54 2854 2854 2854 63% J 1993 1993 11 Jan June June 2234 2254 2234 225i 23% 854 234 1254. 13 34 48 Sale 47 8H Sale 7 k Sale 8 k Sale J I Jan 6634 Jan. 18*1 O J June 9054 June 8154 June 17 109 Sale 44 H A J 85 l\% 24 Sale" 74 8 12 17 12 Jan Jan 8 2654 Jan. 2 107 54 Jan. 3 11154 Jan. Jan 6 11% 10% Sale ion Sale 5% Sale D 5a.. 1943 General 5aaerlea B.. 19 6 Nov. 9 Nov. 9 Feb. 18 II Jan 71 Sale Sale A O 1944 C C C Ac St L ften ft 4a Jan. Sept. 23 5 Sale June 15 1951 J D Memphis Dl* 1st 4s 1951 J D J D Chle T H Ac S'eaat lot At ref 5a—1960 M 8 Income guar 5s .....Dec 1 1960 ZHa series D Jan. Jan. 14 115 14 10454 July 10 13 16 % ftold 4Ho........1940 ftold 5a -1951 J Sale Sale MN MN M 8 J D J D J D MN Oct. 5 4% Jan. 4M Jan. il'A i8* Gold ZH' lat mtfte ftuar 29 106 16 121 31 9754 9754 31 18 106 1454 Jan 26 *90 SIB ♦♦Sec. ftold 4548 aerlea A......1953 M S ♦Certificates of depoait...... MN ♦Convertible 71,000 67",000 28 28 pald...l927 F A J J Chicago Union StationGuaranteed 48 ... Sept. Apr. Mar. Mar. Feb. 101 % Apr. 17 11 % Jan. Sale 4% 70 24% Sale {♦Chic R I Ac Pacific ften ft 4s 1988 ♦Certificate! of depoait.....—. Chic S L Ac N O 14 11534 Jan. 111 MN ♦♦Refunding ftold 4a—.......1934 ♦Certificates of deposit..... 15% Th 1% Sale 26 % aerA1975 F A A O MN Jant 2099 1987 ♦General 4a 1987 ♦Stpd non payt Fed lnc tax.1987 ♦Stpd ften AH* non-pay lnc taxl987 ♦Gen 5s stpd non pay lnc tax.1987 ♦General 4 54« stamped 1987 ♦♦15-year secured 454*-- ..—1934 ♦lat At ref g 5a May 3037 ♦1st At ref 4Ha stamped..May 3037 ♦1st Ac ref 4 Ha ser C May 3037 ♦Con* 494• aerlea A .....1949 ♦{♦Chicago Rye 1st 5a stamped Feb 14 69 X J 13,000 J ♦Choc Okl Ac Gulf consol 5s —1952 108.000 Cine Gaa Ac Elec lat mtfte ZH*—1966 1st mtfte 354 a 12,000 — 1967 1942 1,000 Cln Leb St N lat con ftu ft «a Cincinnati Union Terminal— lat mtfte ft 5s series C guar....1957 102,000 2,000 101,000 7,000 3,000 13,000 5,000 14,000 160,000 5 H J ♦Conv adj 5s 106",000 Sale 10 H May 1 1989 {♦Chic & No West ften 176,000 43,000 54,000 91,000 \ih J J J J J {♦Chic Mil St PAt Pac aatfteAa Sale 90 5k Sale" Jan. 100 Sale N J Jan. 97% Jan. .28 100 25 10354 26 99% 93 34 90 Jan. 26 94% Jan. 26 9854 Sale 90 J J J J aerlea F ; Jan. 17 105 101 54 Jan. 97 Jan. Sale Sale A.1989 ft 354a aerlea B May 1 1989 4J4a aerlea C...___May 1 1989 ft 454a aerlea E May 1 1989 ♦Gen ♦Gen 11 Sale n* 4a —1954 J J 1949 J D {♦Chic Mil At St P gen ft 4a aer 97 2254 Sale J J J J J —1944 M May 1944 J {♦Chic Indlanap At Loulsv rf ft 4al947 ♦Refunding ftold 5a aer B 1947 ♦Refunding 4a aerlea C......—1947 10,000 88* 90 92 1983 {•Chic Gt Western lit 58-yr 10154 11054 8554 8554 106 4 ; 104 II" ♦{♦Chic At E III lat cona ft 4a... ...1934 {♦Chic Ac E 111 Ry ft 5a 1951 ♦Certificates of depoait Chic Ac Erie lat ftold 5a 4 10134 Jan. Jan. 4 121 3 9834 Jan. 98 Jan. 3 Sale Prices Sale Prices Sale Prices Sale Prices Highest 109% H Sale 95 H Sale Clearfield At Mahon 1st fttd ft 358:666 Ask 1938 YEAR Lowest Highest 104 8 Chic LS At East lat 4 54s 126,000 487,000 11,000 267,000 263,000 353,000 207,000 2,020,000 Lowest 11454 109 54 "13 % Sale 9854 Sale 8 A 118",000 180,000 572,000 214,000 128,000 3,497,000 3,740,000 467,000 453,000 164,000 111 % 104 M F lat Ac ref 5a aerlea A RANOE FOR JANUARY 105"" l09"" M 45.000 449", 000 Ask Bid 1977 B lat At ref 4 H» aerie* 9,000 7,000 5,000 32,000 87,000 6,000 IN Jan. 31 101H 101% 10154 Jan. 118 Sale 118% 121 11854 Jan. Sale 96 96 Jan. 9854 Sale 95 % Sale 98 Sale 9554 Jan. 104 % 109 >3 105 Jan. S Potta Creek Br tat 9,000 3 Jan. EXCHANGE N. Y. STOCK Jan. 1939 $ 38.000 184,000 168,000 148,000 EXCHANGE—BONDS N* Y. STOCK FEB., 1939] 8 9 109 May 13 10754 Aug. 10 108 Dec. 30 10854 Dec. 10554 Dec. 16 1 24 N. Y. STOCK SALES Dec. 1938i IN Jan. EXCHANGE—BONOS PRICES BONDS 1939 Jan. Bid 25,000 117,000 72,000 73,000 52,000 178,000 50,000 28,000 8,000 10,000 812,000 16,000 103,000 97,000 19,000 18,000 1,035,000 107,000 353,000 476,000 387,000 45,000 34,000 Container Corp of Am lattf g 4a.1946 J Deb gold 5s 42,000 1943 1,158,000 Continental Oil conv deb 2*s__-1948 48,000 Crane Co a f deb 3H> 1951 20,000 Crown Cork 5c Seal a f 4a........1950 125,000 Cuba Northern Rya 1st 6Ha ...1942 ..... 87;ooo 8,000 5,000 34,000 650,000 21,000 12,000 12,000 19,000 6,000 295,000 10,000 110,000 115,000 214,000 4,000 Cuba RR 1st 50-yr g 5a D 100 108 K 105 Sale F A M N J D D Dayton Pr & Lt 1st Ac ref 3Hs...l960 A O 1943 M N J 1971 J 1969 J 1969 J 60,000 29,000 7,000 37,000 no",060 11,000 4,000 100,000 74,000 56,000 121,000 29,000 90,000 1,000 16,000 1,000 144,000 272",000 19,000 1,000 36 39 36 31 40 J J F A AO 98,000 504,000 57,000 54,000( 813",000 778,000 39,000 18,000 3,000 110,000 10,000 1,000 73,000 22,000 50.000 49,000 16,000 199,000 1,000 41,000 644,000 38,000 30,000 858,000 120,000 2,000 J Sale 109 * 63 Sale 59* 108* 107* 16,000 4,000 20,000 24,000 9,000 99,000 24,000 108,000 27,000 22,000 Gen 5c ret 1961 series D 245,000 33,000 346,000 41,000 11,000 9,000 197,000 208.000 27,000 53,000 187,000 162,000 15,000 236,000 15,000 8,000 5,000 J 1999 J 1995 Detroit Term Ac 1 unnel 1st gu 4*a *61 A 104* 105 Sale 107* 106* 106* 106 106* 106* 105* 12 15* Sale 11* 14* Sale Sale 6 4* 5* Sale 4* 9* Sale 7* Ry 3*8 1962 A {♦♦Dul So Shore 5t Atlantic g 5s. 1937 J .—.1965 J Duquesne Light 1st M 3*8 Eastern Ry M No Dlv 1st g 4a Eastern Tenn Va Ac Ga 1st g 5s Ed El 111 N Y 1st cons g 5s. 1948 .. ... A Elgin Jol Ac East 1st g 5s 94,000 149,000 440,000 110,000 65,000 65,000 Sale 104* Jan. 106* Jan. 106 Jan. 26 107 106 5 3 Jan. 18 Sale 10* Jan. 26 Sale Sale 4* 11 64* 108* 104* 107* 106* 106* 15* 14* 52,000 174,000 658,000 454,000 272,000 96,000 24,666 20~,666 1941 22 33 3* 22* 4* 28 112* Sale 111* Sale 111* 112* 117 112* 113 111* Sale 11 28 31 3* Jan. 4 3* Jan. 38,000 112* Jan. Ill* Jan. 110* Jan. 54 40 Jan. D 20 59 22 59 Sale 99 Jan. D 106 99* 100 106* 107* O 105* 16* 110* Sale Sale Sale 97* 13,000 2,000 25,000 7,000 91,000 31,000 87,000 48,666 130,000 25,000 Sept. 26 43 Mar. 31 54* Feb. 58* Feb. 40 Oct. 26 32* Dec. 21 105* Sept. 106 * Dec 8* Mar. 3 Jan. Feb 8 7 9 Dec. 31 Feb. 15 Feb. 17 7* Feb. 25 12 Aug. 25 18* June 3* Sept. 3* Sept. 5* Mar. 19 Feb. 9 109* Aug. 15 62* Dec. 31 108* June 28 105 Aug. 16 108 Apr. 28 108* July 22 108* July 22 Mar. Oct. 102* Dec. 105. Oct. 9 52 Feb. 3 112* Jan. 7 112* Jan. 13 Ill* Jan. 42 Jan. 23 6 7 24 4* Oct. 42 Feb. 7 24 26 27 20 J J C A M b 111* Apr. 107 Apr. 103* Apr. 32 July 20 May 114* Aug. 23 112* Aug. 19 111* Dec. 21 50 33 Nov. 18 Mar. 2 5 101 Jan. 19 106* Jan. 11 107 Jan. 23 102* Apr. 105 18 Jan. 26 106* Jan. 18 16* Jan. 100* Sept. 14 105* Nov. 29 Dec. 21 23 26 Jan. Jap. 7 20 106 Jan. 28 111 Oct. 18 28 98* 68* 131* 94* 105* Oct. June Jan. Mar. Dec. 26 108 16 90* 26 134* 31 109* Mar. 10 105* Sale 13 15 14* 110 110* Sale Jan. 103 105 103 Jan. 2* 105 84 88 86 Jan. 4* 90 4* 138* 138 106* 106* 105* Jan. 6* Sale 107 106 Jan. 5* 106* 0 75 50" 0 95* 50 J {♦Erie RR 1st J 28 103 4 88 Jan. 3 Jan. 12 27 107* Jan. 20 106 Jan. 20 20 June 88 12 109 Jan. 12 106* Oct. 24 Jan. 10 Dec. 15 Nov. 16 21 109* Mar. 2 95* Erie & Pltisb gen gu g 34» a*t B.1940 Series C 3 Ha 1946 Ill* Jan. 74 o Sale c 4s Series D Sale 15 20 o 23 18 Sale 1953 A ( 1927 ..1967 M N O 23 Sale II* Sale Sale 11* Sale J Sale ...1975 ...1955 ♦♦3d mtge 4*a 1938 M 8 F A Ernesto Breda Co 1st mtge 7a 1954 Fairbanks Morse deb 4a.........1956 J D s 1942 M M f 5s 5s International series ......1942 First Hen a f 5a stamped...... 1942 M 1st lien a f 6s stamped........1942 M 34-year deb 4* series B „19W J Firestone Tire & Rubber 3*s__.1948 a {♦Fla Cent ft Peninsular 5s 194? J {♦Fid East Coast 1st 4*« ♦1st ft ref 5s ser A 1959 I 1974 r r J L> Public Gen Steel 63 Sale Jan. 27 18* Jan. 16* Jan. 19 23 Jan. 20 22* Jan. 4 22 Jan. 5 21* Jan. 5 10* Jan. 10* Jan. 42* Jan. 26 14 Jan. 27 3 14 Jan. 46* Jan. 40 31 45 Jan. 98 5s .. Nov. 2 11 91 * June 98 Dec. 5 89* Apr. 89* Apr. 98 20 103 10 2o Jan. 3 90* Jan. 104* Jan. 40 Jan. 7 Jan. 23 9* Jan. 3 122' 102 41* Jan. 102* Sale 100 Jan. 101* 102 51* Sale 59 61 65 50 57* 59 50% Sale 61 Sale Sale 15* 17 15* 21* 106* 106* 100* 59* 13* 42 D D 1946 M 8 D w w. 1st ft gen s f g 6 Ha Great Northern Ry— 1950 J 1st ft refund 4*s Sot A 1961 Gen mtge 5*a Ser B 1952 Gen mtge 5s Sot C 1973 Gen 4Hs Series D............ 1976 Gen 4*s series B ] j«7i Gen mtge 4s series G 194f J Gen mtge 4s series H Gen mtge 3*s series I.. 31 105 A J J J J J J J ..1967 ♦Green Bay ft Wast del* ctfa A.... ♦Income debenture ctfs B Feb J Fob 1952 J 6« orlsi c O stpd J O Gulf States St'l 1st mtge4*s 1961 A Gul States Utilities 4s series C..1966 A 10-year debenture 4*8.. 1946 A \ Hacks mack Water 1st 4a 1952 ♦Harpen Mining 6s.............1949 Hock Val 1st coo a 4*a , Hoe (R) ft Co 1st mtge.. {•♦Housatoalc RR 45 ----- Sale 100* 100* 99* Sale 84 86* 85* 85 45 103* 104 con g 5«.....1937 For footnotes, see page 30. O O 72* 63* 101* 97* 87* 82* 82* 98* 86* 74* 54* 7* 70 67* 75 93* 107* 105* 74 70 Sale Sale 91* 83* 40 J O M <s 64* July 6 10* Nov. 12 10'* Nov. 12 74 70 101* 95* 80 34 Mar. 28 62 Dec. 39 Jan. 4 60 Nov. 101* Mar 31 31 107* Jan. 26 107* Jan. 3 101 nl 20 Jan. 3 27 65* Jan. 5 18 16 Jan. 3 27 18 Jan. 40 40 21 45 Jan. H| 3 101 Jan. 26 100* Jan. 111 4 20 100 106* 101 Mar. 31 106* 89 Apr. 7 102 * 37* May 27 71* 13* Sept. 24 21 Feb. 1 25 Jan. 12 25* Jan. 13 42 Dec. 28 78* Apr. 1 100* Dec. 27 84 Mar. 31 100 Nov. 30 74* Mar. 30 94* July 27 20 21 162"" July'18 7 76 Jan. 20 4 72* Jan. 23 60* Aug. 10 49 Aug. 10 24 102* Jan. 26 99* Jan. 20 94* Sept. 10 80 June 104 Jan. 3 93 Jan. 9 67 27 85 Jan. 5 64 June June 10 11 82 78* Jan. 99* 90* 89* 103* Jan. 79 Jan. 94 Jan. 26 83* Jan. 28 Jan. Jan. Jan. 19 72 Sale 68 Jan. Jan. 21 60 60 54* 6* 60 Sale Jan. 24 7* Jan. 5 111* Jan. 69* June 75 85* 100* 88* 30 76* 30 5 5 "70* "79* 76 67 Jan. 73 Jan. 36 Sale 28 20 16 1053 82Jan. 105«32Jan'. 3 95 Jan. 14 5 108 Jan. 20 105* Jan. 20 31 118* 118 67 74 33 Jan. 5 Jan. 10 Jan. June 82 10 Mar. 2 53 Oct. 6* Nov. 60 Jan. 10 Jan. 95 25 12 103* Aug. 20 32 Jan. Jan. Jan. 81 Jan. 20 55 Apr. Mar. 82 Jan. 3 Nov. 18 93 July 76 Apr. 99* Apr. 100* Apr. 106 27 35 72* June June Jan. 3 75 69 100 94* 93* Jan. 107* 108 107* Jan. 105 Sale 105 Jan. 118 74 55 105% 106 65 68 103* Aug. 93* 116* 118 5 3 30 Jan. Sale ----- Nov. 83* Nov. 88* Jan. 94 Sale Sale Sale Jan" "19 100* Jan. 85 60 83 89 Sale 78* 71* 106* Sale Sale 96 100 4 Nov. 10 Dec. 8 Nov. 23 Nov. 14 4 104* Jan. Jan. 17 Apr. 13 Sale 79* 70 1 30 104* Oct. 31 61 * Nov. 12 86* Jan. 85 73* Jan. 64* Jan. fl 39 15* Jan. I03* Sept 18 62* Jan. 59* Jan. 20 Jan. 10 Mar. 2-? 28 100 Jan. Sale 99 Jan. Sale 84* Jan. 92* Oct. Mar Jan. Jan. Oct. 10 121 Mar. 30 105 85 45 106 6 17 2 39 24 Sale 7 June 27 103* Jan. June 22 53* Dec. 6 31 Jan. 101* 100* Jan. Sale 57* Jan. 15* zl5* Jan. 7 Dec. 27 2* July Oct. Sale 7* 3 8 5 Jan. 105* Jan. 80 72 Mar. 29 3* Mar. 30 3* Mar. 30 Sale 106 .1 A 49 23 104* Jan. 59 Jan. 50 60 Sale 104 25 J |9iv 11944 O Nov. 21 Nov. 4 M N 1950 A 1956 A 93 Jan. D 1646 1940 100 15 Mar. 45 121 102* Jan. 64 6s..1945 J ...1956 J 26 120* ft Northern— conv deb 75 97 106"" 102* Sale 57* 101* Dec. 9 102* Dec. 27 * Dec. 28 * Apr. 29 17 28 35* June 17 2* June 104* 101 1945 31 20 Sale Jan. Oct. 2i 20 8 40 Nov. 10 12 7 4 44* 85 Jan. 11 4 40 1939 Oct. 106 101.* Jan. Jan. Jan. 45 1951 w Mar. Mar. 101 10 40 6 13 101* Jan. 89* Apr. 64* Jan. V* Jan. 59 24 „ 3 3 Jan. 85 97 25 101 42* Jan. 105 21 Jan. 102 6 1 3 Nov. Jan. June 2* 1* * 3 23 43 June 21 Jan. 99 3 Jan. 7 1 Jan. Jan. Jan. 62 2* 1* 53 51 36* Jan. 5 101 17* 1 Mar. 10* Sept. 10* Sept. 26 3 105 Sale 3 May 16 103* Sept. 1 3 70* Jan. 75 100* Jan. 102.* Jan. 87* Jan. 102* Jan. Jan. Jan. Sale 17* 16 103 9* Mar. 9* Mar. 38 May 33* Sept. 8* 63 Apr. 100* Apr. 33* Mar. 15 40 64* 9*. Sale 9* Sale w.,1949 Service deb 5Ha Gouv ft Oswegatchle 1st 6s ...1942 J Grand R & I ex 1st gu g 4*a .1941 J Grays Point To. m 1st gu g As ...1947 J Gt Cons El Pow (Japan) 7s_. 1944 F <|old 90* Sale Sale Sale Extended at 6*7, to July I 1934... ♦Good Hope Stool ft Iron s«c 7a. 1945 aire* 90 102* Sale "38"" "55~" 106* 106* 1946 Castings 1st 5*a {♦Ga ft Ala 1st cons ♦{♦Georgia Carolina Is- 19 47 Acceptance Corp— 10-year debenture 3s 15-year debenture 3*a Genera J 1940 J D 1948 M N g 6s Sale Sale o M f» 1945 J loo"" 95 103 87* n 4 55 71* 77* 104* 104* Sale 104 Jan. 104* Sale 100* 100* Jan. "99"" 95 Jan. 94 8 Gas ft Elec (Bergen Co) 5s.. 1949 J D Gen Amer Investors deb 5s ser A.1952 F A General Cable 1st s f g 5 Hs A J 1947 J (Germany) Sale 85 100* 101* 101 ♦Certificates of deposit.... Fort St U D Co 1st g 4*a 1941 }"j Francisco Sugar coll trust 6s 1956 MN ♦Debenture 6Ht 47 40 8 ♦Certificates of deposit •{♦Fonda Johns At Glov ref 4Ha.1952 ♦General Elec 104 43 94 100* 43 23 43* J 1957 J 1947 MN ♦Genesee Rlv RR 1st s 1 4s ♦N Y ft Erie RR ext 1st 4a Federal Lt ft Tr 1st 101 46* Sale 20 1953 ♦Ref At Impt gold 5s eer ♦Ref Ac Imp 5s ser 1936 ♦Kris ft Jersey 1st a f 4s ♦Sf det 44* ....1953 ♦Series B conv 43* J ♦Conv 6 4s Ser A ♦Gen 102* 102* J At prior Hen 4sl996 ♦1st con sol gen Hen 4s.. 1996 con lst ref & term 5s 56,000 aa 42 Gulf & Ship Island RR- 34,000 132,000 38,000 2 105* Jan.v 13 Mar. 29 inn Nov. 1 Dec. 30 108* Dec. 30 109 6 lu6 Nov. 18 99* .lan. 100 June 18 106* Jan. 26 28 5* Jan. 10* Jan. Prices 98* Apr. 105* Feb. 6* Jan. 30 Sale 106 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 40 O Greenbrier Ry 1st gu g 4s Gulf Mob ft Nor 1st S*e set B "i,o66 29,000 4 Jan. Jan. 4* Jan. 4* Jan. 7* Jan. 55 ... 26,000 6 ..1969 1st mtge 4*8 Gotham SUk Hosiery deb 5s 51,666 449,000 421,000 24 Jan. ........1965 Goodrich (B K) Co 33,000 214,000 Jan. 45 1956 Mb J 199? J Electric Auto Lite conv deb 4s... 1952 F 481,000 4,000 18",000 126,000 Jan. 10 7 109* Jan. 56 Sale 26 20 20 36 108 1 M N Dow Chemical deb 3s...........1951 J 258,000 17", 000 532,000 F Gen 5c ret mtge 4s aeries P..... 1965 A O Gen & ref mtge 3* a series G..1966 M S ♦Detroit ft Mack 1st lien g 4a ♦Second gold 4s... General Motors 172,000 108* Jan. Sale 10 Jan. 35* Jan. 38* Jan. 44* Jan. 34* Jan. J tr Proof of claim filed by owner.... MN •♦(Amended) 1st cons 2-4a...__ 1982 Proof of claim filed by owner.... MN 232,000 25,000 6,000 46,000 106 Jan. 31* 105* Jan. Jan. 42* 107 J Jan. Highest Sale Prices — 5a stamped 7,000 Sale 101 M N Certificates of deposit. {♦De» Plain*- Val 1st guar 4Ha .194? 61 El Paso At 8 W 1st At ref 5a 5,000 83,000 34,000 104 104* Jan. 31* Jan. Duluth Missabe & Iron Range 3,000 91,000 294,000 1,069,000 240,000 326,000 1,000 2,224,000 2,420,000 68,000 96,000 Sale Sale Sale 40 109 Lowest Ask Sale Prices Sale Prices |l Sale Jan. 20 f 103* Jan. U 105 100 98* 98* Jan. Jan. 3 Sale 107* Jan. 109* Jan. 7 46 .... 148,000 RANGE FOR YEAR 1938 Highest {•DesMoines Ac Ft D 1st gu g 4S..193A Detroit Edison 73,000 83,000 10,000 |i Lowest 44 J J 106 97 108* 105* 104* 104* 106 33 33* Sale 37 38* Sale J 1951 M JS Stamped as to Pa tax J ♦♦Den 5r Rio Gr 1st cona g 4a ....1936 •♦Consol gold 4*a 1*3* {♦Den? Ac R Gr West gen 5s Au*H95S ♦Assented (subject to plan) ♦Ref Ac Imp mtge 5s ser B. .197P 103* Sale D J 1st mtge gold 4*« Sale D D Denver Gas 5r El 1st Ac ref 5a JANUARY Jan. 31 | * Ask Bid 104 J 1952 J Del & Hud 1st 5t ref 4a. 3 J 7*« aeries A extended to ..1946 J 6s series B extended to.......1946 J Delaware Pr 5t Lt 1st M 4H* 1st 5c ref 414 a IN £ ^ N. Y. STOCK EXCHANGE 27 95* Aug. 26 4 8 10 Nov. 12 5 106* Dec Dec. 31 109 Mar. 25 40 July 1 25 Nov. 12 14 119* Jan. 14 81 July 18 4 11! 108 5 25 52 Mar. 30 4 24 Dee. 119* Jan. 76* Jan. 23 38* Jan. Apr 8 38* Feb. 17 \ FEB., 1939] N. Y. STOCK EXCHANGE-BONDS SALES IN PRICES BONDS Dec. 1938 Jan. 1939 49,000 4,000 545,000 670,000 63,000 9.000 221", 000 285,000 422,000 125,000 Sale 32 101% 102 44% Sale Illinois Bell Telep 3 Via aer B 112% 87 1451 195] A *455 M N Purchased lines 1st 3Vis Coll tr g 4s J 1952 J 1453 MN Refunding 5s 49-yeai 4%« Cairo "3",000 "3", 000 Sale 60% 58% 1,000 Loulav Dh & Tor g 3 Vis Omaha Dlt 1st g 3s 32,660 St Lou Dlf & Term g 3s Gold 3 Vis 68% Sale Sale Sale 64% 54 50 70% ill Cent & Chic St 867,000 L Sale 1953 63 45% Ind Bloomtngton St *v 1st 4*_. 1940 16,000 11,000 ind III St la 1943 1st gold 4s Inland Steel 253,000 i 290,000 231,000 53,000 T 1st 63 Jan. 13 3 63 Jan. 3 St ref 5s 59,000 6,000 10,000 420,000 473,000 119,000 213,000 Interlake Iron cony 44,000 17,000 57,000 238,000 86,000 158.000 183,000 11,000 20,000 644,000 847.000 280,000 214,000 248,000 155,000 I 14.000 42,000 327,000 634,000 78.000 47,000 62,000 52.000 O 1432 A M S 47,000 39,000 7,000 270,000 134.000 90.000 160.000 165,000 52,000 7.000 180,000 49,000 182,000 168,000 54,000 1,000 3,000 9,000 1941 5s series A...1947 series A 35,000 6,000 4.000 "2*066 10,000 2,000 45,000 8,000 2,000 7,000 30,000 9,000 387,COO 36,000 107,000 53,000 152,000 173,000 125.000 18,000 7,000 9,000 1,000 1,000 18,000 64,000 *6*4",000 Koppers Co 4s series A Kresge Foundation coll ref g 5 Vis ser 22,000 6,000 12,000 19,000 14,000 3,000 5,000 34.000 40.000 149,000 39,000 30,000 37,000 7,000 ~ 6 ,666 53,000 20,000 *2*4*666 29.000 413,000 376.000 24,000 7,000 159,000 85,000 358,000 117 000 234,000 140.000 34,000 67,000 11,000 161,000 5,000 26 20% Jan. 3 Jan. 25 4 Jan. 15 Jan. 31 20 Jan. 14% 72% 49% 97% 90% Jan. Jan. Jan. Jan. Jan. 26 20 Jan. 26 27 78% 60% 99% 94% Jan. Jan. Jan. Jan. Jan. 20 82 Jan. 88% Jan. 9 17 Sale 92% Sale Sale 85 82 Sale Sale 90% Sale 64% Sale 66% Sale 4% Sale 96 4 51 90 Jan. 25 54% 52 90 Jan. 26 95 Jan. 25 79 ~ — Nov. 12 35% May 80% Apr. 54 94% 92% ~ — 12 13 17% Jan. 19 94% Jan. 107% Jan. 5 4 14 95 Jan. 18 107% Jan. 60 44% 103% 103% 35% Jan. 165 159 72 Jan. 73% Jan. 6 80% 76 80 79 Sale 08% 100 98 103% 104% 103 96 98% 96 96 99% 100% Sale 102% Sale 100 102 103 103% 104% 102% 100% Sale 100 Sale 100 - 98 103 J A Sale 13% 80% Sale Sale 45 Sale 11% 80 13% Sale 48% 51 48% Sale Jan. 5 Jan. 5 165 30 79 Jan. 30 Jan. 10 100 Jan. 31 Jan. Jan. Jan. Jan. Jan. 11% Jan. 79% Jan. 3 104% June Mar. 5% Nov. 9 78% Jan. 17 98% Jan. 12 150 71 88 July July 108% Jan. May 106% Feb. 28 41 Dec. 95 Aug. 13 Mar. 21 72 95 Mar. 21 19 95 20 95 Aug. 16 99% 96% Sept, 12 103% 95% Apr. 22 104% 8 LOO % 85% Apr. 30 27 3 23 Jan. 3 3 13% Jan. 12 83 11% 69% 42% 40% Sept. Dec. Dec. Dec. 27 31 31 38 42 Dec. Dec. Jan. 30 60 Dec. 78 Oct. 25 June 22 102 Jan. 10 50% Jan. 49% Jan. 11 19 43% 42% 46 45 45 Sale 45% Jan. 42% Jan. 41 46 45 Sale 43 Jan. 10 45 45 Jan. Jan. 67 Jan. 26 68 9 3 Aug. 13 Dec. Apr. 28 165 84 Jan. 31 Dec. Sent. 14 100% Jan. Apr. 29 lu6% Nov. 55 45 Nov. 14 31 Jan. 4 16 108% Jan. Jan. 96 5 102% Feb. 25 19 2 21% Dec. 27% Nov. 17 27% Aug. 11 Oct. Jan. Jan. 17 103% Jan. 10 100% Jan. 20 Feb. 24 Nov. 14 Mar. 14% Jan. 72 95 23 Nov. 15 Jan. 7 Oct. 6 Oct. 6 40% Nov. 12 80 Apr. 99% June 92% 90 liH 78 90 7 Dec. 94 36 14 Nov. 12 93 85 June 27 96 31 1% Sent. 14 19 95 58 99% Dec. 29 2 Mar. 31 Mar. 31 10 80% Aug. 24 4 20% June 16% Apr Jan. 37 20 June 3 48% Mar. 31 78 36 13 19 12 July Jan. Jan Jan. Jan. ----- 10 June 16 71% 71% 09% 05% 4 8 Oct. 88 25 3 Oct. Oct. 40 3 Nov. 17 6 20 16 4 30 68 11 Jan. 70 Sale 67% Jan. 66% Sale 65 Jan. 108% Sale 108% Jan. Sale 105 105% 104% Jan. 36 % Jan. 36% 36 22 23 17% Jan. 68 42% Mar 82% Jan. 36% Jan. Nov. 23 Nov. 17 Nov. 17 21 20 35 25 Dec. 15 lib 71 5 5 Sale 94 Dec. 4 27 9 100% •Tan. Apr. 77 75 May 4 39% Mar. 31 26 Sale May 19 102% Aug. 13 18 Jan. Sale Feb. 18 Jan. 3 20 30 Jan. 90 11% Sept.15 2% Apr. I 11% Sent. 29 4 31% Jan. 33% Sale 32% Sale 21 24 28 100 18 4% Jan. 55% Jan. 96% Jan. 26 24 30 31 30 92% Nov. 12 10 91% Jan. 68% Jan. 70% Jan. 26 3% Jan. Sale 82 Sale 62 12 63% Jan. Sale 96 Sale z82 28 Dec. Dec. Feb. Dec. Apr 4 Sale 165 Oct. 6 6 6 2 18 May 6 Dec. 8 Nov. 16 31% Jan. 90% Jan. 61 % Jan. 25 10 12 12 60 Jan. 12 10 53% Jan. 17 7 49% July 19 31 90% Jan. 95% Jan. 13 Jan. 3 12 13 45 75 66% 68 62% 88 64 88 87 88% 86% 89 86% Jan. 27 90 Jan. 5 22% 57% 25% 22% Jan. 54% Jan. 27 60 9 25% Jan. 57 Jan. 26 55 48 58% 53 Jan. 9 56 Jan, 19 48 84% Jan. 31% Jan. 4 85% Jan. 32% Jan. 7 78% Aug. 30 95 6 27 42% July 26 99% Aug. 2 I V 25% 54 53% 84% 31% A 1964 22% 1954 40 49 3643 M N 2003 M N 3063 M.N 2003 M N 2003 M N ♦*s assented.... 83 85 33% 30 34 25 73 20 Sale 28% 2003 M N 46% 19 19% 19% 19% 21 40 Jan. 3 50 48 51 Sale 49 Jan. Jan. 24 40 18% 17% 18% 19% 19% Jan. Jan. Jan. Jan. Jan. 24 20 Jan. 9 Sale Sale Sale 19 22% 22% 50 66 18% 17% 19% 17% 20% 20% 50% 22% Sale 21 22 21% 57% 74% 1965 A O 112"" Sale Il3*" 129% Sale 1951 129% Sale 127 % 109 Liquid Carbonic 1947 979*.000 629". 000 Loew's Inc 1946 21.000 5,000 10,000 21,000 1,000 4,000 39,000 44,000 114,000 — 1950 1949 ..1949 1949 1944 . — 1951 rk 1st 5s series A..1969 see page 30. 75 1962 Lombard Elec 7a series A........1952 Guar ref gold «• 21 50 40 1944 4s stamped Lortllard (P; Co deb 7s 45 Jan. 51 % Jan. 50 J an. 44 58 50 Sale Lex At East 1st gu 5s to 4 20 Sale Liggett Ac Myers Tobacco 7a 41,000 ext Jan. Jan. 128 115 Sale Sale" 108% 110 98% Sale 53 Sale 60% 13 64 100 Sale 54 5 28 30 27 3 129% Jan. 127% Jan. 108 Jan. 98% Jan. 50 Jan, 85 May 10 Jan. 7 45 Dec. 5 14 6 13 20% Jan. 22% Jan. 4 15% Oct. 17 16% Seot. 19 16% Sept. 26 5 5 26 Jan. 26 3 129% Jan. 26 129% Jan. 7 110% Jan. 10 20 3 100% Jan. 12 56% Jan. 18 13 81% Jan. 80% Jan. 27 10 83% Jan. 21 81 80 Jan. 10 82 127% 128% 128% Sale 128% Jan. Sale 123% 124% 122% Jan. 82 Sale 80% Sale I 79 Jan. Jan. 20 9 129% Jan. 5 124 Jan. 82% Jan. 23 26 81% 81 ,123 91% Sale 90 83 23 Jan. Jan. 11% Mar. 31 Jan. 17 21 5 Oct. 18 Mar. 31 June 23 Nov. 2r .05% June 28 128 Jan.*12 10 Jan. 11 39% Jan. 40 3 57% Nov. 25 Dec. 30 i48 32 July 25 25 Nov. 10 33% July 25 25% Nov. 12 Jan. 12 Nov. 12 40 27 69% Nov. 22 70 Nov. 22 118 Jan. 4 Sept. 21 131 Jan. 5 121% Apr. 7 127% Dec. 30 99 Mar. 31 112% Aug. 10 , 94% Mar. 31 102% Nov. 26 Sent. 29 63% Jan. 18 90 Jan. July 19 4 80 Oct. 4 87 Mar. 10 73 Seot.2^ 88% Jan. 12 73% June 17 88% Mar. 2 126 Apr. 4 129% Mar. 1 115% Apr. 21 125 July 28 June 17 60 85% Oct. 50 55 83 Oct. 25 Oct. 18 Oct. 19 Jan. 12 62 7 Apr. 30 20% Jan. 20% Jan. 21 71 June 21 13 115 27 June 23 Jan. 3 nH 30 34 70 Jan. 1 Mar. 31 7 45 112 Apr. 45 75 60% 82% 91% 81% Sale 80 24% Mar. 31 4 26% Mar. 12 18% Apr. 6 19% May 16 72 July 12 49% O 4s Jan. 23 19 29% O ♦Long Dock Co 20 Sale A Long Island unified Jan. 16% Jan. 16% Jan. Sale A 4s cony debs Llttl* Miami gen 4s series A s f deb 3 Vis 20 19 1941 122,000 65,000 57,000 3 66 17 1941 5s 9 74% 1940 ........... Sale 24% 1974 ..1940 4Via 55% 54% 92 1954 ♦4s assented Sale 34 1944 F ♦4Via assented.. 4 65 4 15 163 1942 g 4s . Jan. 1941 Leh V (N Y) 1st gu g 4Via 4Vis assented.. •Leh Va! (Pa) gen con . 28 2 1947 First At ref sinking fund 5s Sec 6% notes extend to 1943.. Leh Vail Harbor Term 1st As For footnotes, Nov. 40 4 90 ...1942 1st Ac refunding 5s 1st Ac refunding 5s 5s 53 1 21 Dec. 22 1 45% Dec. 69% Nov. 18 95 1960 Lehigh Valley Coal 5s Louisiana Jan. Mar. Mar. Mar. 4 60 75,000 48,000 75,000 44.000 5 Jan. 3% Sale Sale 1939 Leh Vail Ter Ry 1st gu g Sa 5s assented 162,000 17 102% Jan. 14 60 "6,666 74,000 35,000 26,000 31,000 210,000 ' 101% Jan. Sale 16 90 Vis ser C.....1954 Lehigh Ac New Eng RR 4s A 1965 A O Lehigh Ar N Y 1st gu g 4s 1945 M S ♦Genconsol 5» 5 92 ♦1st mtge Income reg—Dec 31 9175 Lehigh Coal At Na? 4 Vis ser A...1954 Cons sink fund 4 cons 4 50 Lake Shore Ar Mich Sou g 3V4S...1997 ♦Gen June 72 45 101% Apr. 42% Mar. 42% Mar. Jan. 91% 23 16 89% Jan. Sale 17 26 61 Sale 36 Jan. 63% Jan. 24 52% 104% 95% Jan. 4 109 24 30 60 Lautaro Nitrate Co Ltd— 270,000 78,000 51,000 Jan. 59% Jan. 59% Jan. 60 98 71 4 Sale Sale Sale 1953 3% to Jan. 10 1961 1947 F Collateral trust 6s series B Lake Erie Ac Western RR— 5s 1937 extended at 2d gold 5s 63 8 Dec. Dec. 40 82 to.. 1941 D 18 96 93 93 108 5 14% 108 % - 1951 MN Coll tr 6s series A. 10 17 105% tKreuger At Toll class A ♦5s Uniform ctfs of deposit... 1959 At 63 16 76 87 % trust 4s. 1945 J Laclede Cast Lt ref ext 5s Coll At ref 5 Vis series C 19 21 25 1954 3 Vis collateral trust notes Jan. 10% Jan. Jan. Sale 78 1954 Kinney (G R) 5 Vis extended 67 61 Sale Sale Sale 35 .1949 ref 6 Via 11 26 39% Jan. 61% Jan. 1997 Kings Co Elevated 1st g 4s Kings Co Lighting 1st ref 5t Jan. 31 i**t Purchase money 6s Jan. 9% Jan. 101% 102 35% Kentucky Central 1st gu 4s 1987 Kentucky Ac Ind Term 1st 4%s..1961 Stamped .....1941 Col 11 29 Mar 31 60% 28 Mar 30 55% 104% Dec. 22 107% 27 Sept. 30 40% 23 3% 52% 95% 6a._..1Q46 ... 60% Jan. 55% Jan. 25 105 Jan. 25 41% Jan. 26 69 % stpd (par $645).....1943 stpd (par $925) 1943 MN ser g 26 26 Jan. 82 ♦With warrants (par $925)....1943 1st At 75 35 88 % 67 4%s. 1961 4Vis unguaranteed Kings County Elec Lt Ac Pow— 3,000 July •57% Jan. 56% Jan. 83% Jan. 54% 99% 94% Ref At Imp 5s AprlU950 J Kan City Term 1st 4s 1940 J Kansas Gas At El ist mtge 4 Via.. 1980 J •Karstadt (R) Inc 1st Mtge 6s...1943 MN w 56% Dec. 28 Sale 75 . w 14 52 11 Sale 19% 19% J J A 4 ' M Cl^arf let 4a..1959 Keith Corp (B F) 1st 60% Jan. 57% 83% Sale 3 % Kanawha Ac Mich 1st gu g 4s 1990 $**K C Ft S At M ref g 4s 1934 ♦Ctfa of dep (Bankers Trust).. Kan City South 1st g 3s... 1950 A w w 30 31 11 Dec. 22 Nov. 9 June 21 60 90 20 1451 Plain 36.000 1955 Jones Ac Laughlln St'l 1st M ♦Ctfa 58% Dec. 66% Nov. 53% Dec. 84 May July 66 86 102% .... ♦Ctfa 5*9*666 52,000 184,000 160,000 104.000 1944 Jan, Jan. 47 95 69 Sale 89 M N Int Rys of Cent Amer 1st 5s B 1972 M N Plrst lien At ref 6V4* 1P47 F A internet T Ac T deb J g 4M*—* Deb gold 5s A 1955 tlowa Central Ry— 5.000 79,000 43,000 195b 88 QO 59% 60% ... 163.000 4,000 232", 000 ...1956 Internet Hydro Kl deb 6s. Int Merc Marin* 1st * f 6s ♦1st Ac ref 4s lames Franklin A 11 104% Jan. Sale 109 Sale Sale Q1 ...1947 AO deb 4s ♦1st mtge gold 5s series B ♦1st gold 5s series C con? Dec. 27 50 53 Sale 1 ♦Internet Gt Nor 1st 6s A—..—1952 ♦\dj mtge 6s series A.July 1 1952 Refunding 6s Nov. 14 Dec. 27 54 June 53 60% Jan. 09% J 1932 Corp 1st A coll ctf 5s— Stamped extended to.......1942 Intern Paper 61 62 61 .65 9% Int Agrl 186,000 Jan. 47 76 68 60 26 14 27 17 Dec. 45 99% 94% 107% 108% 108% 63 Sale 61% 59 59% 37% ''39% 37 S 1946 . 83.000 54 60%. July July 93% Jan. 12 1 79% Dec. 19 Mar. 29 Mar. 29 78 13 69 % 15 10 194^ Certificates of deposit •♦10-year 4% notes •♦10-year 1% notes ♦Certificates of deposit.... 82.000 23 32 3%s series D....... 1961 inter bo ro R 4 3 Jan. 56 Sale Sale 55% 51% Sale Sale 104% Sale 63 1986 M Industrial Rayon 4%8 19,000 141,000 95,000 Jan. Jan. Jan. 96 1950 t*lndlanapol A Lou 1st 1st gu 4s 1956 Indianapolis Union Ry— 110,000 144,000 71 54 63 1948 Ref St lmpt mtge 3Vi« ser B 12,000 121.000 642.000 40,000 26 26 98 28 37% Mar. 30 34% Apr. 44% July 27 31 May 27 39 Apr. 2 4 Jan. Jan. Feb. 5 Nov. 26 Dec. 5 Ac N O— 104% 6*666 59% Jan. 62 63 65 1940 " Jan. 9 13 90 76 1943 3*666 26 y2 79% Oct 77% Apr. 5 Jan. Aug. 39% Apr. 12 123% Mar. 31 61% Mar. 31 24% Apr. 4 112% 111 ' 3 70 61 85 58 59 % 53 % " 52 46 1951 464,000 Joint 1st Ac rsf 5s ser A..... 259,000 4Vis series C 116,000 Illinois Steel deben 4 Vis.... 19,000 ♦Ilseder Steel Coip 6s 391,000 46,000 15,000 61 % Jan. 62 Jan. 103 ^6 6 83% *63*" 90 • . 1951 3,000 2",000 27 4 lfo* 1938 Sale Prices 4 Mar 18 46 Sale 84 * , "53% Sale 1951 .... 25 24 50 59% 54% 1951 Western Lines 1st g 4s 56% 56% Sale 59 1951 Sprlngf Div 1st g 3 Vis 55% Jan. 56% Jan. 47% Jan. 75 61 Sale Prices 30 ■ 54% ...1951 83% Jan. Jan. YEAR Highest 99* Jm, 28 30 Jan. 87 83 145* Litchfield Dly 1st g 3s 2,000 O 1955 M N 19*4 P A .... Bridge gold 4s 84% Jan. 83% Jan. 13 13% Jan. 26 112% Jan. 3 87 Jan, 28 84% Jan. 111 91 75 Collateral trust gold 4s... 937,000 Sale 11154 87% 83 Jan. 43% Jan. 11% Jan. FOR Lowest Sale Prices 31 102% Jan. 3 27 5 36% Jan. 13 124% Jan. 13 13 47% Jan. 31 Jan. 31% Jan. 124 13 83 Refunding 4s 101 34 111 83 Extended 1st 0 3 Vis... 1951 1st gold 3s sterling ..........1951 2,000 Sale Sale 1951 Sale 47% Sale Sale 13 1970 Illinois (iSntrtl 1st g *s_ 1st gold 3Vis.. RANGE Highest Sale Prices 120 34 % JANUARY Lowest Ask 101 Sale 136,000 8,000 441,000 47,000 1,014,000 IN Jan. 3l Ask Bid 102 113", 000 30.000 3 Hudson County Gas 1st 5s... 1949 M N Hudson & Manhat 1st fc ref 5s A.1957 F A ♦ Adjust income Ks .Feb 1957 3,000 5,000 3,000 ,666 Jan. Houston Oil sink fund 5 Vis A 1940 M N Hudson Coal 1st s f 5s series A..1442 J D 451,000 72,000 ~ ^0, Bid 24,000 155,000 11,000 350,000 258,000 5 N. Y. STOCK EXCHANGE 15 EXCHANGES-BONDS N. Y. STOCK 26 BONDS d» 1938 Dec. Jan. 1939 S 32,000 N. Y.ESTOCX | Jan. 3 EXCHANGE * 37,000 Louisville Gas & Elec 55.000 Lou & Jeff Bridge gu g * ....2093 2003 8c ret 4s ser D .........2003 8c ref 3Ji« series E.........2003 1st & raf 5s series B 1st A ref 4)6* 1st 1st .... series C._... St Louis Dlv 2d gold 3s.... "5,666 Mob & Montg 1st g 4)6* 2,000 31", 000 Soutb Ry Joint 8,000 2,000 , ..194* 1980 194» Paducah 9c Mem Div 4s_... 17,000 Atl Knox 8c Gin dlv g 4s * 39,000' 56,000 25,000 39,000 49,000 30,000 450,000 122,000 75,000 67,000 479,000 77,000 1952 1955 Monon 4s.. Lower Austrian Hydro-Else 6 Hi 1944 McCrorv Stores Corp s f deb 5s..1951 Gen mtge 4)6* series 1953 m Manila RR South Lines 1st 4s 8 Jan. 97)6 Sept. 28 105 6 Jan. 83)6 Apr. 18 102 75 Apr. 2 93 X Feb. 28 6 90 Jan. June 1 74 July 25' 65 Apr. 1 85 96 July 5 107 X Jau- 12 Mar. 30 76 July 1 82 Jan. 3 June 14 112 109 Jan. 11 Oct. 5 80 68 6 Jan. June 17 111 98 "8",000 31,000 59,000 51,000 10,000 38,000 42,000 37.000 28,000 10,000 {♦Man G B A NW 1st gu 3HS...1941 | Marlon Steam Shovel a f g 6s 1947 \ Sale 32 Sale 30 Sale 81 81 3,000 "15,666 12",666 6,000 68.000 25,000 41,000 3,000 46,000 162,000 34,000 59,000 32,000 2,000 419,000 69,000 247,000 40,000 101,000 62,000 60,000 194,000 8,000 100,000 65,000 (j 15", 660 ♦Con ext 4>6s ♦1st 8c refund gold 4s 49,000 10,000 256,000 ♦♦1st cons 5s.. 197,000 444,000 54,000 Jan 1,155,000 481,000 118,000 ♦1st 8c ref 5s ser 1981||g ^ ♦Certificates of deposit ♦♦Mo Pac 3d 7s ext at 4%..July 1933 {Mobile 8c Ohio RR,— ♦Montgomery Dlv lat g 5s ....1947 p a 111,000 ♦Refunding A Improv't 4)6* —1977 m 8 344,000 ♦♦Sec 5% notes 193? y g 248,000 ..1991 M S 2,000 Mohawk A Mai 1st gu g 4s 45,000 Monongahela Ry 1st M 4s ser A..1960 MN 1.000| 12,000 54,000 575,000 244,000 25,000 15,000 Monongahela West Penn Pub Serv— 90,000 176,000 750,000 18,000 1,000 1,000 138,000 134,000 363,000 31,000 1,000 4)6*..—...........-I960 O 1965 O Montana Power 1st A ref 354*— -1966 Mont Tram 1st A ref 5s series A..1941 D 1st mtge 6s debentures.......... General A refunding 5* Gen A ref 5a series B Gen A ref s f 4)6* ser Gen A ref • f 5s 128,000 69,000 101,000 124,000 123,000 76,000 170,000 f 146,000 "3",000 "6",000 , 29,000 24.000 45,000! .43,000 1,000 485,000 ' 40,000 4,000 4,000 foif.ooo 2,000 O 1955 o 1955 o D Morris A Essex 1st gu 3)6*... 2996 D A............1955 MN Constr M 4)6* ser B... ....1955 MN Mountain States TAT 3)4s D 1968 Mutual Fuel Gas 1st gu is.. -1947 MN Mutual Union Tel 5s 1941 M N Constr M 5s 24",000 ^ "4~,66o 17,660 5,000 52,000 ser A J D ♦Assent warr A rets No 4 on. 1957 Nat RR of Mex prior lien 4)6 ♦♦Assent warr A rets No 4 on 1926' J Jan. Jan. 73 .....1951 ♦Assent warr A rets No 4 on. 1951 234,000 Nat Steel 1st coll mtge s f 4s.....1965 132,000 140,000 5,000 39,000 27,000 14 Jan. 45 Jan. Jan. 32 15X 14)6 Jan. 24 17X Jan. 33 Jan. Jan. Jan. Jan. 24 "7)6 Jan:." 11 3)6 Jan. 19 3 Sale 6)6 2)6 2)6 5)6 27 8)6 Jan. Sale 5 Jan. 28 6 6)6 3)6 1)6 65)6 Jan. Jan. Jan. Jan. 25 9 10 4 11 68 Jan. 45 Jan, 24 55 Jan. 45 Jan. 27 51)6 Jan. Sale 3 3X 3 3 IX 7 Sale Sale 5X 6)6 3)6 1)6 64 X Sale 51 67 Sale 46 Sale 4 2X Jan. Jan. 4 Feb. 23 32 Dec. 60X Jan. 10 18)6 June 1 45X Dec. 20 8)6 Oct. 3X Aug. 3)6 Feb. it Feb. 9 X June 14)6 Feb. 6)6 Mar. 5X Jan. 70 X July 52)6 Dec. 67 Jan. 28)6 Mar. 31 28 Mar. 29 50 42 45) June June Sept. Dec. Oct. Apr. 1 26, 37)6 Jan. Mar. 31 Sept. 27 14 22 28 4 25 16 20 25 4 16 9 18 2 8 27 28 4 July 23 July 25July 25 July 25 27 30 27 26' 32)6 Jan. 27)6 Jan. 24 34 Jan. 25 Apr. Jan. 26 17)6 Jan. 10 Mar. 31 28 21)6 20)6 6)6 21)6 20)6 21X 19)6 4)6 21)6 20)6 21X 20X 14X Sept.28 14 X Sept. 23 4 Mar. 31 25X Feb. 26 23 Feb. 26 8 Jan. 10 14 X Sept. 25 X Feb. 23 Feb. 25 X Feb. Sale Jan. Sale 13 19 Sale 17)6 5)6 20 Sale 19 Sale 17)6 Jan. 19 X Jan 4)6 Jan. 17)6 Jan. 16)6 Jan. 17)6 Jan. 16)6 Jan. 3)6 Jan. 17)6 Jan. 20X Jan. 17)6 Jan. 16)6 Jan. X 3)6 18)6 17)6 3X Sale Sale 17)6 27 27 27 26 28 27 28 4 26 26 Jan. 65 89 62 65 11 . 17)6 18 X 17)6 19)1 Jan. 25 24 34 24 53 26 Sale 22 30)6 Sale 50)6 102)6 Sale 103)6 54 Sale 108)6 Sale 108 Sale Sale 102 ■ 58 96)6 Sale 99 96)6 72)6 Sale 79 4 Jan. 108 103)6 100% Sale 96)6 97 96)6 96)6 95)6 75 72)6 79 67)6 Jan. Jan. Jan. Jan. Jan. 60 18 104)6 Jan. 72)6 66)6 24 72 Sale 70X Jan. 29)6 Jan. Sale" 104)6 Sale Sale Sale 103)6 Jan. 104X Jan. 104X Jan. 1 65 Nov. 5 9 28 X July 32 X Nov. 29 12 . 15 72)6 Apr. 22" 69 May 27 74 Mar. 24 71)6 Jan. 3 62 Jan. 19 55 X Jan. 15 Sept. 28 105X Dec. 31 Oct. 18 May 10 116 Oct. 24 Dec. 29 100 Apr. 22 Oct. 17 Mar. 24 June 17 34)6 June 17 34)6 June 17 74 47 53 X Jan. 46 X Jan. 26 6)6 Jan. 11 25X Feb. 26 23 Feb. 26 25X Feb. 26 23 Feb. 26 Apr. 20 100X Dec. 30 Oct. 28Apr. 2 99 Feb. 23 Sept.29 101 75 July 25 Mar. 8 56)6 Jan. 20 26 26 Feb. 26 23 Mar. 31 108J6 Dec. 108)6 Jan. 105 Jan. 98 Jan. 97X Jan. 72X Jan. 30 67X Jan. 26 30 25 8)6 Mar. 25 37 Oct. 26 9 Mar. 25 19 48X Dec. 22 67 X July 5 98)6 June 30 107X Jan. "75" I" ~80~ Dec. 13)6 June Jan. Jan. Sale 52 Jan. 53 52)6 Sale 50 Jan. 51 51)6 50)6 Sale 42)6 Jan. 44)6 Sale 45)6 Sale Sale 104)6 Jan. 106 105)6 113 114)6 100 97)6 Jan. 98 95)6 24 26 Sept. 27 14X Sept. 26 15 May 2 3 Mar. 30 14X Sept.28 15)6 July 15 14 X Sept. 27 14 X June 17 28)6 Jan. 25)6 Jan. 50 Jan. 102)6 Jan. Jan. 1 14 X Jan. 22 19 Sale Jan. 65 18 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 27 21 18)6 Sale 28)6 Sale 100 X 20 27 X 14 19 X " May 60 3 26 7 52 25 Sale 34 15 IX 1X 5X 516 6)6 Jan. Jan. Jan. 10 Jan. 13 4 89)6 Jan. 7 19 X Mar, 4 Jan. 3)6 Jan. 11 Jan. 17 103 26 31)6 22 62)6 Sale 20 "Dec." 13 Oct. 17 101 31)6 Sept. 15 27 Dec. 28 12)6 Dec. 26 Dec. 28 Jan. 14)6 26)6 6)6 31 )6 Mar. 14 11X Dec. 28 14)6 Jan. 30 70)6 31)6 101)6 104 106 105 J {♦Naugatuck RR 1st g 4s.......1954 M N Newark ConsoJ Gas 5s..........1948 J t*New England RR cons 5s guarl945 ♦Cons guar 4s 1945 For footnotes, see page 30. J J 74)6 35 27 106)6 Jan. 19 101 112 98 Jan. 24 68 31 95 10 72 Jan. 27 32X Jan. Sale 105)6 105)6 X X Sale v* U- )6 X X X 1)6 1)6 X 1)6 X Sale 108)6 Sale 109)6 25 122 X 27 65 -- Sale 25)6 Sale Jan. 106)6 Jan. 105X Jan. X Jan. X 35 122 X 24 22)6 12 X Jan X Jan 30 X Jan. 12 X Jan. 27 IX Jan. 30 1% Jan. 30 Dec. 20-9* 28 Feb. Dec] x Dec. 20 2)6 Feb. 23 2)6 Feb. 28 3)6 Feb. 28 1)6 Feb. 15 "" IX X Jan. 107X Jan. X Jan. 11 123X Jan. 25)6 Jan. 24 Jan. 30 124 Jan. 27X Jan. 27X Jan. ii 3 27 10 X 3 14 109X Jan. 65 28)6 Dec. 1 X Sept. 22 IX Mar. 26 26 1)6 Jan. Dec. 1 Oct. '8 1)6 30 Aug. 2)6 Feb 231 X Dec \ 3 IX 124 Nov. X Dec. X Dec./ --- Sale 71 39 96)6 Feb. 15 101 X 92 X Apr. ^4 104 % 100 Mar. 30 107 100)6 Sept. 15 105 105 3 3 Dec. 27 Oct. 17 Aug. 1 Mar. 31 June 50 18 102 J O 11,000 ..... 79 J6 June 60 June 42)6 Jan. ♦4s April 1914 coupon on ... ..1977 A O ♦4s April 1914 coupon off .....1977 A O ♦Assent warr A rets No 5 on. 1977 ♦4s April 1914 coupon off 10",000 21 73 4 Oct. , Nashville Chat A St L 1st 4s A..1978 F Nassau llec guar gold 4s stpd... 1951 J National Acme 4)6* extended 1946 ♦4s April 19142coupon on .....1951 160,000 151,000 94)6 Jan. 28 o ...1955 672",000 National Dairy Prod deb 3)6* w w '51 MN 333,000 Nat Distillers Products deb 4)6s.l945 M N 195C M N 67,000 Nat Gypsum 4)6s a f debs.. National Rys of Mexico— ♦4)68 Jan 1914 coupon on. ..1957 J J ♦4)6s July 1914 coupon on ..1957! J J "7",000 ♦4)4s July 1914 coupon off ..1957 J J ,69.000 \ ser J A....-1955 C 80 76 14 ---- I. 26 11)6 21)6 Sale 20)6 21X Sale 20)6 ♦Certificates of deposit.. 2,000 808,000 23,000 34,000 1.171,000 89)6 Jan. 90)6 Jan. 4 Feb. 10* 110)6 July 6 Apr. Sept. 15 103 X Feb. 8 Nov. 7 8 Jan. 21 X. Dec. 14 Dec. 14 7)6 Jan. 24" 9' Aug. 104)6 Apr. 91 103)6 99)6 5)6 X 16 110)6 Jan. Jan. 28 100 43 4 " 95 97 Dec. 20 Jan. 73 ----- ....— ♦Convertible gold 5)6*--——- 19491m ♦1st ref gold 5s series H.......1989 29 Mar. 26 50 Jan. 96 7 92"" 6 Sale 21X Sale 20)6 21X Sale 20)6 197B|m 1977||f 13 65 54)6 Jan. Jan. 23 104 31 90)6 Jan. 20)6 ♦Certificates of deposit......— ♦1st 8c ref g Ss ser G 197f |mN ♦Certificates of deposit. 68 25 24 21 Mar 88 36)6 Sale 31 Sale 30)6 32 16 X Sale 1962 1971s 1967 34)6 Nov. 16 24 X Nov. 16 81 Dec. 12 102 Nov. 18 Jan. May 16 87 X Nov. 25 Dec. 13)6 June 23 1 Mar. 25 85 35 49)6 Sale p 4 35)6 Nov. 30 36 Nov. 16 Jan. 55 17 X Mar. 31 » 54 ♦Certificates of deposit.... ♦General 4s ...... Mar. 29 10 70 Jan. 17 13 91)6 Jan. 28 June 11 Jan. 101)6 Jan. 87 17 Dec. 16)6 Apr. 18 98)6 Feb. 107 X Nov. 20! Apr. §1)6 9 110)6 Jan. 68 j {♦Missouri Pacific RR Co— ♦1st A refund 5s series A.....1965 ♦1st 8c ref 5s series F..— -, „ July 31)6 Jan. 35 Jan. 32)6 Jan. 94 X 6)6 5)6 8)6 Sale 4)6 3)6 3 2)6 7,000 214,000 14,000 290,000 223,000 141,000 364,000 33,000 Jan. 94 X 9 20,000 442,000 703,000 1,977,000 1,468,000 10 39X IX 1949 M ..1978 J A..1959 j — "5 54)6 MN ......I99C|j 49-year 4s series B__ Pr lien mtge 4)6* **' D ♦Cum adjust 5c merles A Jan. 90 X 33 Prior lien 5s series A.........1962 224,000 59,000 51,000 255,000 28 25 22 81)6 Jan. 42 Jan. 102)6 Jan. 8)6 21 Mlssour-Kansas-Tsvas RR— 451,000 173,000 29,000 488,000 3 106)6 Jan. 70 13 Ja*. 43 X Jan. 26 7 45 ...1938 J Mo Kan 8c Tex 1st g 4s 25 73)6~Jan" 19 105)6 Jan. 24 100 7)6 X 94)4 87)4 90)4 Sale 70)4 80 14)4 Sale cons 5s gtd as to Int..... .1938 J ♦1st 8c ref 6s series A.......... 1946 J ser Jan. Jan. Jan. 101X Jan. 10)6 Sale —- ♦♦1st ^25-year g 5)4*.. ♦1st ref 5)4* series B {♦Missouri-Illinois RR Ss 13 18 23 Sale 103)6 Sale ...1962 Q ... 18 Jan. Jan. 82)6 Jan. "X Jan. 86 Jan. 26 {♦♦M St P & S S M 4s stpd guar.. 1938 J 66,000 83,000 9,000 86,000 30,000 64,000 116,000 3 X 1949 M ... ♦Ref 8t ext series 5s A Jan. 4 40 1939 —1934 19 Jan. Jan. Jan. 88 Sale 42 "35 {♦Mil Spar 8c N W 1st gu 4s.....1947 M {♦Mllw 8c State Line 1st guar 3)6*1941 I {♦Minn 5c St Louis 5s ctfs Jan. 20 82 H 90 28^ 1939 .... 87 97)6 Jan. 91)6 Jan. 4 June" 23 107)6 Mar: 102 83)6 109)4 110 X 99)4 104 6)4 11)4 X 54 . 4 81 161)6 5154 65 103)4 104 M S 27 28 Jan. 22 17)6 ---- 79 1956 J D Michigan Central-Detroit 8c. Bay City Air Line 4s 1940 J J Jack L & S gold 3H« 1951 M S 1st gold 3)6* 1953 M N Ref 8c Imp 4)4* series C 1979 J {♦Midland of N J 1st ext 5s 1940 {Milwaukee & Northern RR— ♦1st ext 4)6*^ ■ 20 j ♦Mlag Mill Mach 1st s f g 7s 10.000 46 87 Metropolitan Edison 4H* ■«' D..1968 M 8 Met Water, Sewer 8c Drain 5)6*—1950 A O •{♦Met West Side Elev (Chic) 4s. 1938 F A ♦Mex Internet 1st 4sasstd 1977 M S on).....1977 28 X 67 39)6 27 29)6 27 Sale 10154 7s....Apr 1940 q j Mead Corp 6s with warrants 1945 m n ♦4s (Sept 1914 coupon 42 Jan. Jan. Jan. 106 106)4 108)4 69)6 65 27 X Sale 31)4 Sale 29)4 27)4 25 17)4 Market Street Ry 1st 3,000 Sale 99)6 Sale 40 8 Dec. 23- 108 7 21 Sale 1939 u n 1959 u n 23~, 000 Sale Prices1 28 100)6 Jan. Sale D Manila El Ry 8c Lt 1st 5s Sale Orices 99)6 Jan. 70 d 2013 j Sale Prices 101H Apr,. 106 M N f Feb 1 1957 mn {•Manhattan Ry (N Y) con g 4S..1990 \ o ♦Certificates of deposit... 1st ext 4s 38,000 47,000 44,000 S J N A Manati Sugar 4s s 2,000 3,000 6,000 A S 1960 j ! 97)6 94 87)6 88"" Sale 85 84X 84)6 78 X 81)6 79 97)6 99 X 97)6 98 85 82)6 82)6 86 80)4 108)4 111)4 108 73)4 70)6 "72"" 71 71 104)4 105)4 10454 105)4 104)6 d A Highest Sale Prices j Ask 97)4 94)4 89 X Sale 84)4 84)4 Sale 79 O O O O A.... 1945 j Maine Central RR 4s series ♦2d 4s "8",000 A A A A F M M J M F Lowest 16 5 100 J 1940 J Unified gold 4s 433,000 59,000 141,000 47,000 143,000 13,000 14,000 Highest 23 108)6 Jan. Jan. 4 106 Louisville & Nashville RR— 279,000 57,000 55,000 57,000 85,000 4,000 Lowest Jan. Sale 108 105)4 105X 10654 105)6 Jan- —1966 M S 1108 1945111 S 105 3Ms 4s Jan. 31 | Ask Bid 108)4 108 Bid YEAR 1938 RANGE FOR PRICES IN JANUARY SALES IN 10 103 Dec." 16 "2)6 Mar. 31 109 Feb. 28 Dec. 1$ 122)6 Dec."27 116)6 "Feb. 18 Dec. 16 32 X May 12* 31 May 11 17X Dec. 21 Feb., 1939] N. Y. STOCK SALES IN Dec. 1938 $ 86,000 19,000 79,666 9,000 45,000 • 165,000 337,000 62,000 67,000 148,000 12,000 42,000 44,000 251,000 254,000 ■193,000 761,000 1,067,000 677.000 n. y. stock exchange $ 80,000 48,000 40",000 152,000 163,000 571,000 763,000 454,000 178,000 63,000 788,000 41,000 20,000 427,000 1,448,000 412,000 123,000 21,000 186,000 17,000 27,000 33,000 156,000 91,000 432,000 1,664,000 33,000 80,000 17,000 208,000 6,000 26,000 14,000 117,000 67,000 11,000 66,000 47,000 22,000 10,000 5,000 latg IHaaarioB n j Junction rr go 1st 4a...... 1986 9 n j Pow 8c Light lat 4%a 196* a New Orleana Great Nor 5a aer a.. 1983 j n o 8t n'eaatern j New York Central rr— Consol 4a series a Ask Bid 124 % 12534 126 124 Sale 125% d h n 19*1 A 158 % Ref 8c Sale 104 70 63 26 34 30% Jan. M* 30 26 35 a 83 X a "7",600 a o m s 6134 53% 10534 Purchase money coll tr g 4a.. ♦n y & Greenwood Lake 5a n y at Harlem g 34a. n y Lack 8c Western 4a ser ... .2000 m m 97 50 ♦n y l 16",000 12,000 e at w Coal 8c rr 0%*-. .1942 trl b ♦Dock & Impt 1st 5a......... .1943 j j n y at Long Branch gen 4a. .1941 m j> {♦n y ac n Eng (Boat Term) 4a.. .1939 1,681,000 500,000 376,000 861,000 123,000 761,000 859,000 4,000 10,000 70 Jan. 5 12 48% June 20 82 78% Jan. 6 62 38% June 16 a 245,000 147,000 2,000 71,000 2,000 111,000 30 61 Jan, 5 28 60 5 20 June 26 65% Jan. 69% Jan. 42 Jan. 16 73 Jan. 11 51 June 17 84 Jan. 10 79 Jan. 28 84% Jan. 4 78 67 June 17 June 21 June 17 June 17 98% Jan. 13 65% Jan. 82% Jan. Sale 77 53,000 4,000 9,000 700.000 25,000 26,000 51,000 380,000 330,000 179,000 8,000 $7,000 246,000 *1,000 79,000 420,000 32". 000 1,000 111,000 68,000 2,000 16,000 80,000 49,000 13,000 109,000 374,000 97,000 52,000 5,000 176,000 155,000 69,000 82,000 136,000 35,000 158,000 394,000 324,000 41,000 494,000 39,000 108,000 239,000 5,000 123.000 63,000 225",000 233",660 110,000 228,000 92,000 *104,000 29,000 13,000 37,000 335,000 192,000 11,000 149,000 210,000 185,000 j f a 9 1940 f a ♦Terminal 1st gold 5s.. n y Tel 1st 4r gens «434s 1943 m n .1930 m n Ref mtge 33{e aeries b........ .1967 j j n y Trap Rock 1st s f g 6s.. .1946 j d 6a stamped ... .......... .1946 {•♦n y Weatches «t Bos 1st 434s. 1946 j~ j Niagara Falls Power 334* .1966 m 8 Niag Lock 6 Ont Pow 1st 5s a... 1955 a j Niagara Share (Mo) deb 534* 1950 m n Nord Rys extl a f 634* 1950 A O ♦{♦Norfolk South 1st 8c 5s a. 1961 f re> a ♦Certificates of deposit ♦{♦Norfolk 4t South 1st g 5s 1941 m n Norfolk at West Rv lat con g4a... 1996 a o North American Co deb 5a... 1961 f a North Am Edison dab 5s Deb 5 34s ser b ser a...1957 m 6 ..Aug 15 1963 f Deb 5s series c a Nov 15 1969 m n ser a... 1974 m 8 ♦Oct 1938 and sub coupons... 1945 ♦Certificates of dep stamped April '33 to Oct '38 coupons. 1945 Northern Pacific prior llan 4a. .1997 q j Gen lien ry 8c Id gt 3a Jan 2047 q Ref 8c Impt 4hs Series a.....2047 J Rsf at Impt 6s Series b 2047 J Ref 4t Impt 5s Series c 2047 J Ref 8c Impt 5a Series t» 2047 j f J J j » Northern States Power 3 j4* 1967 f n'western Teleg 434* extended ..1944 j a j ♦Ogden 4t Lake Gh 1st guar g 4s. 1948 j 24,000 36,000 21,000 468,000 102,000 31,000 156,000 343,000 347,000 i ♦4s stamped 1948 J j Ohio Connecting Ry lat 4s.. 1943 m ' Ohio Edison 1st mtge 4s ...... 1965 mn 1st mtge 4s 1967 m s 121,000 374,000 1st mtge 334* 92,000 Oklahoma Gas 4c Elec 3%o 4s debentures 73,000 55,000 Ontario Powar n f lat 5a 7,000 22",000 ........ ..... ...... ..... 1972 j j 1966 j ..... d 1946 j d 1943 f 5s stamped 1946 j Ore-Wash RRANsv lstAtref 4a... 1961 Otis Steel 1st mtge 434* a 1962 Pacific Coast Co lat g 5s 1946 Pacific Gas 8c el 4a ser g 1964 1st 4c ref mtge 3%o *©r h...... 1961 j 1st 8c ref mtge 3%* ser i 1966 j cons .... For footnotes see page 30 Jan. 5 64 61 Jan. 67 Tan. 5 19 38 53 17 66% Jan. 6 58% June 23 84 Jan. 11 17 11 Sale 56% Jan. 26 6 30 48 Jan. June 26 74 Jan. 3 104% Jan. 73% Jan. 78% Jan. 3 63% Jan. 55% Jan. 105% Jan. June 16 62 Mar. 31 106 Jan. 30 Sale j j i d d 27 5% 77 Jan. 6 Jan. 19 65 Jan. 3 9« 6 106% Jan. 23 Jan. 50 Jan. 30 54% Jan. 51 Jan. 11 52 6 19 Sale 107% Jan. 108 Sale 27 108% Jan. 108 31 109% Jan. 14 Sale 123% Jan. 116% Jan. 23 126 Jan. 17 117% Jan. 27 Sale 16 Jan. 17 99% 6 Jan. 17% Jan. 99% Jan. 50 100 66 30 60 Jan. 17 61 75 50 Jan. 50 74% 99% 73 Jan. 13 12 Jan. Sale 28 13% Jan. 11 13 14% 11 % 11% 11% 13% Jan. 6 Jan. Jan. Jan. Jan. 32 Jan. 6 Jan. 30 25 13% Jan. 27 Sale Sale Sale 75 Sale 5% 33 75 ' Sale Jan. Jan. Jan. 101% Jan. Sale Sale Sale Sale Sale 115 Jan. 5% Jan. 42 Jan. 102% Jan. 108% Jan. 63 62 Sale 101% 13% Sale 118% Sale Jan. 104 Sale 95 103% Sale 103% Sale 105% Sale Jan. Jan. Jan. Jan. Jan. Jan. 9 77 Jan. 18 7 45 7 20 106 13 105% Jan. 17 92 18 23 70 95% Jan. 22 103 26 Jan. 20 12% Jan. 3 20 31 6% Jan. 42 Jan. 103% Jan. 3 110 11 21 63 Jan. 24 25, 75 Jan. 18 3 4 Jan. 13 111% Jan. 14 109 Jan. 7 27 Sale" 81% 47% 9 Jan. 3 4 25 103% 4 5 10 11 Sale 56% 79 56 Sale 109 Sale Sale Dec. 112% 110% 107% Dec. 16 5 Jan. 3 19 11% Jan. 8 % 8 Jan. 12 52 Apr. 25 Jan. 7 Nov. 3 40 Oct. 25 62 Mar. 24 60 Mar. 31 2% Dec 67 Aug. 16 July 27 75 28 110H 11 Jan. 104% Jan. 28 Oct. 27 107% Nov. in lOBH Aug. 12 82 Mar. 30 Nov. Sept. 28 102% Dec. 19 Nov. 9 Mar. 17% Oct. 43 % July 60 Nov. 111 Mar. 121 Dec. 97 Apr. 107% Oct. 85 8% Apr. 12 29 10 27 22 14 19 99% Apr. 18 105% Nov. 9 101 Jan. 24 107 July 7 96% Apr. 1 106% Dec. 28 110 July 22 115 Nov. 30 104% Oct. 17 116% Jan. 28 June 29 45 Dec. 31 May 35 Dec. June 93% Jan. 62% Jan. 31 84 Jan. 16 28 67 24 53% Jan. 4 41 June 31 27 60 53 Jan. Jan. 69% 61% 61% 7 108% Jan. Jan Jan. Jan. Jan. 4 40 June 6% 4% 23 24 . 4 Jan. 17 5% Jan. 108 Sale Sale Sale Sale 76 Jan 5 12 li 5 53% June 88% Jan. 5 46 June 79 Jan. 5 A 5 June 80 Jan. 19 102 June 107% Dec. 31 4 107% Jah. 106 Jan. 106 Jan. 106% Sale 102% Sale 101% Jan. Jan. 107% 107% 107 Sale 105% 104% Jan. 112% 112% Jan. 113 111% 113% 112% Jan. 109 107% io834 107% Jan. Sale 114% 113% Jan. 116% 116 3% Sale 116% Jan. Sale 104 Sale 103% Jan. 112% Mar. 30 Dec. 22 Dec. 13 Jan. 12 Jan. 108% Jan. 100 105 107 July 25 May 10 109 Mar. 29 105% Dec. 6 98 Apr. 9 Oct. 22 79% Jan. Jan. 106% Sale 106% Sale 101% Sale Jan. Jan 58 Dec. 46 55 Sale 11 14 12 79 Feb. 7 11% June 23 8 Feb. 18 68 Nov. 23 Dec. Dec. Sale Jan. 108 Jan. Jan 103% Dec. 29 107 8 110 104% Aor. 23 Jan. 4 8 13 12 Jan. 27 62 6% 14 17 12 Mar. Jan. 57 100 13 11 23 Dec. 50 59 59 Sale 55% 108% 4 7 Jan. 1* Mar. 27 Sale 107% Sale 21 Jan. 53 Sale 7 5 3 103% Jan. 26 106% Jan. 50 5 22 96% Mar. 100% Dec. 13 102 4 20 Jan. 26j Jan. Jan. 20% Jan. 18% Jan. 47% Dec. 3 48 Sale 64 53% Jan. 1111 107" 38 8 Dec. 5 11% 50% 5% 3% 5 110% Jan. 103% Jan. 103% Jan. 105% Jan. 63% 107 14 5 6 55 % 80 4 7 119% Jan. 26 104% Jan. Sale 107% 113% 115% 7 19 Mar. 12 Jan. 26 June 18 4 50 82 22 June 20 Jan. Jan. Jan. Jan. 12% Jan. 58 17 10% Dec. 12% Dec. 118% Jan. 103% Jan. Sale Sale 116% 3 3 19 68 104% Jan. Jan. Jan. Jan. 25 24 Jan. 59% 5834 107 11 97% Jan. 14 Sale Sale 105 4 ~ 107 Jan. Jan 5 30 104 Jan. 23 17% Jan. 23 15% Jan. 10 60 Jan. 100% Jan. if1 69 19% Jan. 9 69 72% 70% 3% 3% 3% 110% 11134 110% 108% Sale 108% 60 Sale 9 Sale 95 34 Dec. Jan. 5 11 93 43 62 3 27 50 10% 11 Jan. 11 103% Sale 4% 5% 11 10% Dec. 10* Dec. 7 Jan. 15% Jan. 15% 15% 17% 27% 8% 17% 57% 9% 26 Jan. 105% 104% Jan. 97 Apr. 16 7% Jan. 77 9 Sale 56% 85 26 3% Jan. "58% 102% 9% 102 17 15 54 119 38 83 53 64 26 11034 109% Jan. Sale Sale Sale 42% 3534 57 5 Dec. Apr. 22 103 Apr. 18 80 Nov. 2 93 16 14% Jan. 13 15% Sale 96 106 11 95 75% Jan. 108 103% 103% 105% 121 % Sept. 29 125 July 9 112% Apr. 16 117% Nov. 29 Jan. 51% 71 Sale 3 Pec. 23 Jan. 3 Jan. 6 Jan. 7 102% July 4 7 109% Jan. 39% Mar. 30 61 Oct. 27 45% Sept. 26 53% Nov. 14 101 Apr. 1 108% Dec. 22 101% Apr, 1 108% Nov. 4 26 Jan. 60 14 6 90 June 21 95% June 2P 108 60 50 16 51% Apr. 19 Jan. 59% ----- 68 67% 3% 110% 13 Jan. 108% 40 63 6 3 6 83 27 105 Jan. 51% 11 30 104 d 104 106 "50% 103% 103% 102% Sale 108% Sale 109 34 Sale a Ontario Transmission 1st 5a..... 1945 m n Oregon rr 8c Nav con g 4a 1946 j d Oregon Short Line lat con g 6a.. 1946 j j 1st guar 81 6 95 101% 1234 {♦♦n y Susq 8c West 1st ref g 5a. .1937 ♦♦Second gold 434* 1937 ♦General gold 5a j a—....1974 m 8 {♦Northern Ohio Ry 1st guar 5s. Apr 1 1935 and sub coupons... 1945 a o 5,000 141,000 Corp 334*----- .1963 North Cent gen & ref 5s Gen at ref 4 34s series 7,000 18,000 320,000 257,000 98,000 932,000 69,000 New York Steam 13 26 26 78 . 94% Jan. Jan. 53% Jan. 64% Jan. 63% Jan. 73% "76" "49"" 11 8134 Sale Sale 6434 ..... 16,000 p 14% 16% 12% ♦Non-con* debenture 334* 6,000 .1947 a o 1434 16 11 20,000 ♦Non-conv debenture 334s .1954 a 0 15% Sale 11% 56,000 ♦Non-conv debenture 4s .1955 j J 15% Sale 12 137,000 ♦Non-conv debenture 4s: .1956 m n 15 34 Sale 12% 46,000 ♦Convertible debenture 334*. .1956 j j 15% Sale 11% 284,000 ♦Convertible debenture 6a... 1948 j j 17% Sale 14% 202,000 ♦Collateral trust 6a .194© a o 25% Sale 23% 164,000 ♦Debenture 4s .1957 m n 8 Sale 6 ♦lat at ref 434* *er of 1927. 350,000 1967 j d 17 Sale 14 21,000 {♦Harlem r 4c Pt Chea «st 4a. .1954 m k 54% 55 54 427,000 {♦n y Ont at West 1st « 4s .1992 m s 8 Sale 8 154,000 ♦General 4s 1955 j d 4 5% 3% 8,000 {♦n y Prov *t Boston gen 4a... .1942 a o 65% 77 70 42,000 n y 8c Putnam 1st con guar 4a .1993 A o 48% 51% 8,000 n y It Queens el Lt 8t Pr 334*- .1965 m n New York Railways 109%t110% Corp— 20,000 {Prior lien 6s stamped....... .1958 j j 104 10534 105 65,000 n y 3t Rich Gas 1st 6s a .1951 Ml h 90 97% 95% 506,000 27,000 June 17 Jan. 53% Jan. 58% Jan. . 10,000 10,000 8 Jan. 91; 65% Jan. Sale 7434 o 25 21 Sale 64% 75 y New Haven 8c Hartford♦ Non-conv debenture 4a .1947 m 5 23 22 22 25 4 Sale 55% 50 47% i«n 55.000 74,000 164,000 277,000 251,000 326,000 27 59% 51% 66 . . Jan. Jan. 82 1834 99% 68% ..... 22 Mar. 26% May 108% Nov. 6 76 ----- .1973 n n 16 Jan. Mar. Apr. 63 125% 12434 116% 116% 116% a... .1973 m n 34% Jan. June 22 23 Jan. July 38 July 36 July 37 July 36% Aug. 40 July 35% Feb. 111% Jan. Sale 55% I* 14% 21 6 110 Mar. Dec. 31 76 35 24 26 Jan. 104 Mar. June 60 107% 108 108% Sale 1949 9 10 3 103% Dec. 30 22 5 Jan. Nov. 23 Jan. Jan. 8 Oct. 53 47 36% Jan. 35% Jan. 39% Jan. 26 31 Sale 54 11 Jan. 110 Sale 49 .1946 m n Guar 434a series b 30 104% 108 104% 106% 10634 1951 Jan. 37 35 75 Sale 84% Convertible 5% notes 1947 n y Edison 3%* series d 1965 1st lien & ref 334s series r.._.. 1966 nyk Erie—See Erie rr. n y Gas el Lt Ht 8c Pow 5s 1948 Jan. 108% Sept. Apr. Mar. 86% Apr. 84% Mar. 6 72% Jan. 34% Jan. 31% Jan. ,24 111 78 105"" 1953 30 12 38 34 63% Sale 1947 434« a... 1953 5 64 Sale 74 18 78 Sale Sale Sale 75 66 80% 59% 66% 64% Jan. 55% Jan. 33% Jan. 109 70 Sale Sale Sale Sale 63% 67%' 1946 ... 45 Sale Sale 70 3 104 Jan. 13 104% Jan. Jan. Jan. 33 31% 110 77 X 59 X. 1998 f lat gtd 5s series b...... n y Dock lat gold 4s Jan. 36 36% 6734 o ...Octl 1938 a o ... 9 26 33 1998 4s collateral trust.. 1st mtge 3>4b extended to n y Connecting lat gu Jan. Jan, 103 Sale 103 68% 68 "32% 45 o . 65 36 Sale 108 X .2013 . ♦3-year 6s 37 X 36 X 32% 39 X o j 108% Jan. 26 32% .1997 . 104% Apr. Sale 31 a ♦Refunding 534* series a.......1974 ♦Refunding 434s aeries c 1978 16 20 MX 35 Sale Prices 120 Sept. 28 126 July 22 120% Jan. 8 124% Nov. 7 51 Sale Sale Prices Sale Prices 27 103% .1942 impt. 434s aeries a... Lake Shore coll g 334a Mich Cent coil g 2he 107% Jan: 52% 1938 Highest 20 Sale — ... Sale YEAR 126% Jan. 68 Sale FOR Lowest 5 126% Jan. 5034 .1946 a 3%o 1 4 104 67 X o 1998 f Debenture 4a of 1912 Sale Prices 124% Jan. 123% Jan. Sale 53% 103 X Ret 8c Impt 5s aeries c_ 2013 A O Conv secured 3%* .1952 m n ....... n y c 8c h r g mtge Highest "66% 63 .2013 10-year 3H> secured s f Rsf 8c Inapt 434* aeries a Ask 128 108% RANGE Lowest 9034 j 37 JANUARY Jan. 31 Bid Now England t 8c t jt-yr ba a...1952 j New York Chicago 8c St Louis— 19,000 54,000 16",000 prices IN Jan. 3 14,000 39,000 ref4^i aerlea a.1952 354,000 Now Orl«ana r s lot Ac ref 5a a. 1952 a lat Ac ref 5a aerlea b 219,000 „_1955 26,000 New Or eana Term lat 4a guar 1953 11,000 t*+n o Tex & Mex Income 5a.....1935 100,000 ♦Firat 5a aerlea b 1954 16,000 ♦Certlflcatea of deposit 24,000 ♦lat mtge gold 5a series g_' 195f V 48,000 ♦lat 4%o aeries d 1956 f 100,000 ♦First 5His series a ..1954 a 20,000 ♦Certificates of deposit..... 3,000 Npt 8c Cin b Pen go g 4h* 1945 j 153,000 123.000 725,000 140,000 51,000 < II bonds Jan. 1939 EXCHANGE—BONDS 78 Jan. 55 J an. 111% Jan. Sale 109 Sale 105% Jan. Jan. 3 107% Jan. 3 107 Jan. 3 102% Jan. 14 107% 3 105% 9 113 20 114 27 109 Jan. Jan. Jan. Jan. Jan. 3 115 Jan. 16 116% Jan. 28 105% Jan. 23 81% 60 28 113% 3 111% 28 108 30 3% Sept. Aug. 12 Apr. 5 98 Apr. 31 91% Apr. 11 98% Jan. 23 96% Apr. 16 111% Apr. 20 110 May 10 103 Apr. 14 109 Apr. 16 110% Apr. 11 90% June 107 98 Jan. 9 Jan. 10 Jan .9 Jan. 21 Jan. 18 59 45 Apr. Jan. 106% Apr. 102% Apr. 98% Apr. 10 14 10 18 3 106% Nov. 15 106% Nov. 14 101% Nov. 14 107% Dec. 21 2 104% Dec. 114% Aug. 10 113 Feb. 110 Jan. 10 116% Jan. 118% Jan. 106% Jan. 17 10 13 80 Dec. 23 19 60% Dec. 21 112 Dec. 21 109% Dec. 17 107 Dec. 29 EXCHANGE—BONDS STOCK N. Y. 28 CO PRICES SALES IN Dec. 1938i 1939 Jan. N. Y. St ^ EXCHANGE STOCK $ 6,000 25,000 12,000 17,000 48,000 53,000 ♦♦Pacific RR of 34,000 11,000 Mo l«t ozt 4a— told 5a Pacl lcTel & Tel 3#sser B.. .. 93 .1966 J D 3#a series C 101 >4 J !9»* 1st s f 4 Vii105 105 # Sale M 8 78,666 Panhandle Eastern Pipe L 4s A. .1952 Paramount Broadway Corp— 56 # F A 57# Sale .1955 95,000 1st mtge s f g 3s loan ctfs. .... Paramount Pictures Inc— 100# 99# Sale J J .1955 147,000 s f debenture 6s .... 88 # 85*2 Sale M S .1947 2ob,U00 3 >is conv debenture 100 100# Sale M 8 332.U0U Paris-Orleans RRExt a f 5Ha.. .1968 45# 49 50 >4 .1944 A () 17,000 Parmelee Trans conv deb 6s 123# 122 M 8 .1949 2,000 Peterson Be Passaic G 5r E 5a 61# M 8 .1942 ♦Pauliata Ry lat & ref 7a ser A.. Ref mtge 58,000 187,000 232,000 45b,000 31,000 1,000 3,000 21,000 "b",66o Pennsylvania Co— Guar 3#« coll tr ctfa ser 13,000 3,000 37,000 115,000 39,000 10,000 Guar g 46,000 ll.OOU 3 Vis tr Guar g 3Vi» tr 67,000 4bb,000 40-year guar tr Penn Ohio & 3,000 694,000 73o,000 5b ,000 lU.UUU 84,000 40,000 39.00U 63,000 8x7 ,000 395,000 80/ ,OOU 424,000 249,000 402,000 308,000 75,000 2O0.000 724,000 4,000 4o7 .OOO 19,000 52,000 4^,000 17»,000 90,000 117,000 30,000 67,000 13,000 40,000 487,000 104,000 344,000 494,000 274,000 537 ,000 1,000 6,000 D 1977 ..........1981 98 F 9 9# A A 41,000 1st g 4 #• series iOo# IOo# lUV # Saie 107# 110*2 liO Sate 110# Saie Sale Saie 82# 92*8 Sale 93 Sale 94# 93# 82 Sale 372,000 19",666 5,000 5,000 5,000 1,666 ~~»~,o6u 3,000 Con 4 Vis series Con 4Vis series ~ 11,000 31,000 Sale 1106*8 Saie D 110 Jctn 107 >4 108 # 108# 113# 108# Jan, 105/2 Jan. 105# Sale IOo# Ho 1U4 Jan 104# 104# 105 103 Saie 98# Jan. 100 y8# Sale 3,000 2,000 124,000 52,000 58,000 25", 660 15,000 53,000 Con 4Vis series Con 4Vis series Gen guar 103,000 M N 3# Sale 10# Sale 93# A O 104 >4 108 A O 100 5s series 1st 4 Vis series D 29,000 68,000 9,000 71,000 1,077 000 22,000 41,000 16,000 2,000 112,000 Prassed 88,000 363,000 247,000 42,000 189,000 35,000 421,000 195", 066 D 103 MN 103 F A 105 F A 142 104,000 J D A O 102 >4 MN 5.000 48,000 29,000 28,000 371,000 3,000 165,000 231,000 20,000 14,000 3,000 33,000 21,000 7,000 206,000 4,000 1,000 20", 000 87,000 & Brass 1st ♦Rhelnelbe Union s f g 7s 92# J J M N 43 51 45 Sale 10b Sale lol# .1956 Sale 1948 1 "b",000 155,000 11,000 87,000 44,000 37,000 44,000 80,000 68,000 129,000 3,000 "3# 6s_1941 For footnotes, see page 49# Jan. 9 Jan. 31 14# 109 83# 4# Jan. 41 3# 38 Sale 97# 72# Sale 58 Sale Sale 101# 102# 93 A J J J I J MN MN F A A O M 1996 8 J J F A J D J J A O M S 106 70# 70 107 94 Sale Sale Sale 7 99# Sale 50 Sale 21# Sale 39 41# "55" 19# Sale 122# 9 Sale Jan. 16 18 85 Jan. 20 12 4 Jan. 6 26 49# Jan. 98# Jan. 3 27 79 11 6 14 4 Feb. 10 Nov. 25 Jan. 21 Jan. Jan. Jan. 21 28 Oct. Jan. 25 4 Jan. 3 81 94 Jan. Jan. 27 94# Jan. 4 101# Jan. z5l Jan. 26 6 71# 3 94# Apr. 5 96 72 Mar. 31 lot # 92 June 2 28# Jan. 7 50# 20 Jan. 27 25# 20 9 28 10 19 21# Jan. 6 23 27# Jan. 12 26 28 Jan. 14 27# Jan. 27# Jan. 12 26 107# Jan. 30 104# Jan. 19 17 13# Jan. 17 4 16 Jan. 20 Jan. 123 13 Ill # Jan. 20 12 ..... 5 35 11 Jan. 28 13# Jan. 7 4# Jan. 5# Jan. 6# Jan. 25 20 30 4 6 4 Jan. 26 7# 4# 5# 7# 5# 5# Jan. 4# Jan. 25 J J 5 Sale J D 105 A G 106 Sale Sale 105# Sale 106 Sale 106# 106# 93# 88# 93# 88# 95 112 Jan. 25 32 24# Sept. 28 33# 24# Sept. 27 33# 24# Sept. 27 33# 89# Mar. 30 107 103# Oct. 21 105# 1 50 15 Nov. 35 Sept. 21 47# 27 28# Apr. 12 Sept. 118# Jan. 107# Apr. 104# Jan. 105# Jan. 106# Jan. 17 4 105# 17 106 26 107 Jan. Jan. Jan. 19 30 25 3 25 4 July 21 Jan. Nov. June Nov. Oct. 10 30 10 22 Dec. 1 Nov. 12 Nov. 5 Nov. 10 Nov. 10 Nov. 10 Aug. 10 21 44 May 14 4 Dec. 28 Feb. 18 14 Feb. 20 Jan. 28 122 Oct. 6 13 19 110# Dec. 27 Dec. 16 17 27 25 23 5# Dec. 27 4# Dec. 28 Nov. May 20# Jan. 3# Dee. 108 109# 5 July 12 107 16 10 Nov. 98 7 44 10 Jan. 82# Apr. 52# Apr. 1 48# June 16 75 58 June 9 93# 67 Sept. 26 93 84 Apr. 1 103# 26 Sale June 30 21 11 24 111 8 18 Jan. 110# 85 43 21 20 8 Nov. June 32 Jan. 27 110# Jan. Mar. 18# July 3 Jan. 90# Jan. 99# Jan. 40 Jan. 21# Jan. Nov. 22 9 19 108# Dec. 27 45 Dec. Mar. Jan. Apr. Dec. 30 90 106# Jan. 39# 9# 103# 74# 3# 21 4 Jan. Jan. 70 73 Sale 5 12 109# Jan. 5# J J 19 Jan. 55 Jan. 41 3 15# Jan. 12 J Dec. 106 May 40 8 O 6 64# Nov. 10 Mar. 18# M A Nov. 10 Jan. 17 115# Feb. 28 May 39# 109 J 1 40 108# J Dec. 43 16 108 J Jan. 55 27 109 V 101 45# 32# 108# O July 19 30 21# Jan. 20 30 26# 21 Jan. 27# 20 29# 26# 26# Jan. 25# 20 26# 30# 27# Jan. 27# 20 30 26# Sale 103# Jan. 105 104# Sale 103# 104# 101# 104# 103# Jan. 13# Jan. 16# 10# 20# 13# 110# A 5 21 5 Feb. 55 Apr. 13 Mar. 29 38 32 106 100 31 100 Sale 20 8 J 8 8 Feb. 19 108# Jan. 20 70 60# Jan. 73 Jan. 3 72# Jan. 27 103 Jan. Sale 91 M S J Oct. Jan. May Jan. 5 71# Jan. 55# Jan. 69 Jan. 106# Sale 92# Sale 100# 101 45 Sale M S M Jan. 14 18 4 5 3 89# Nov. 9 93# Nov. 14 19 106# Jan. 4 43 Jan. 39# Jan. Sale 13# Jan. 108# Jan. "85"" 81# Jan. 3# Jan. 3# 48 Jan. "98"" 97# Jan. 74# Sale 55# Sale 71 Sale 70 Sale J 4Vis..1941 1941 30. 49# Jan. 49 Jan. 9 7 30 M N F ..1946 .....1953 gold 6s 27 44# Jan. 10b Jan. Sale 40 Sale 49# 97# s w—1956 deb 4s 1947{ Saguenay Pow Ltd 1st M 4Via 1966 St Jos 4k Grand Island lat g 4s..1947 St Lawr 5c Adirondack 1st g 5s__ 1996 2d 45# Jan. 49 Jan. Sale 43 82 J Safeway Stores s f Sale J D...1977 29",000 Gen mtge 5s series E ......1962 Gen mtge 3#s aeries H_ 1967 Gen mtge 3Vis series I 1967 105,000 ♦{♦Rockls Ark 4k Louis lst4Vis ..1934 ♦Ruhr Chemical 6s.............1948 20,000 {♦Rutland-Canadian 4s stpd 1949 {♦Rutland R R 1st cons g ♦4Via stamped.. 7 58# Jan. 66# Sale 105# 106# 10b# Jan. Sale O ...1950 ♦Direct mortgage gold 6s......1952 ♦Cons mtge 6a_. ..............1953 ♦Cons mtge 6s with warrants.. 1955 Richfield Oil 4s conv deb 1952 Richmond Term Ry 1st guar 5S..1952 ♦Rlma Steel s f 7s 1955 ♦Rio Grande June 1st guar 5s ..193*) {♦Rio Grande Western lat g 4s..1939 ♦1st con 5r coll trust 4s series A. 1949 6,000 10,000 lo *8 108# J D ♦Rhine-West Elec Power 7s.. 8,000 26 D Rochester Gas 5c El 4Vi» ser 2l",000 105# 107 Sale 4.2 39# Sale J 23 103# Jan. 31 Jan. 107# July 4 112 Apr. 107 94# June 22 112# June 17 112# 90 71# June 17 104# Jan. 28 108 106 53# 7 40 May 95# Jan. 48# Jan. Jan. 101# J J 18 101# 99 8 30 4 DO 4b 49 10b 16 Jan. Jan. 4 Jan. 5 3 110# Jan. Mar ft 105 Apr. 22 109 Dec. 29 1°3# June 2^ 106# 20 105# Mar 10 Dec. 104 July 12 105# Aug. 29 104 Feb. 16 June 30 109 100 Nov. 25 104# Aug. 30 104# Feb. 4 5 117 103# Jan. 30 112# 10 5 20 0# Oct. 17 7# May 31 12 107# bl 44 N 25 113 Jan. 101# Jan. 93# Jan. 44 J Jan. 102# Sale 95 Jan. 112# Jan. 104 103 94# 107# "45# D J 4V4a..l956 ♦Rhine-Ruhr Wat Serv 6s 5 Jan. 4 105 112 113 Sale 106 105 105# 95# 112# 114 112# 112# 111 Sale 103 102# Sale 'Republic Steel Corp 4Vis ser B..I961 MN 151,000 Purch money 1st 5 Vis conv....1954 MN 154,000 Gen mtge 4 Vis series C 1956 Revere Copper 10 10b 3~lY,666 113,000 145,000 39,000 52,000 15,000 23 J 1997 w Jan. 106# Jan. 25 ....1941 Read Co Jersey Cen coll g 4s 1951 Gen 5c ref 4Vis series A... .1997 4#s 103 23 ♦♦Debenture gold 6s... Kensselaer 5c Saratoga lat gu 101# Apr. 18 Jan. 19511J M Securities deb 4s gul957 M Remington Rand deb 19 Jan. 10b# Jan. Steal Car deb 5s B Jan. 10b ***** Gen 8c ref 4 Vis series 9 105 18 107 104 {♦ Radio Keith Orph pt pd ctfs for deb 6s 5c com stk (65% pd) 174,000 124,000 241,000 23 5 A 1962 C............1974 j, 1977 {♦Providence {♦Providence Terminal 1st 4s.. Purity Bakeries Corp s f g 5s Jan. Jan. 3 3 3 3 11 26 114# Nov. 14 Jan. 8 60 28 8 June Mar. 30 Dec. 10 10 ... 3 10 Dec. 19 Jan. 19 6# Feb. 21 Feb. 17 31 Dec. 29 Sept. 26 112# 94 14 27 112#. 3 12 Mar 25 117 105# June 20 110 Apr. 21 115 20 97# Apr. 12 110# 201 99 Mar. 31 109# 21 78# Mar. 31 1^0 24 105 Jan. 28 110# 5 30. 6 3 18 111# Jan. Jan. 91 30 17 101# Jan. 15 101# Jan. Jan. 89 31 18| 104 5 6 4 Jan. 8# 4 Mar. 29 8 107 Apr. 80# 53# June 14 49# June 24 76 50 Apr. 14 1 116 99# Apr. Jan. 4 15 Jan. 95# Jan. 18 21 120# Jan. Jan. 17 106 27 24 21 18 111# Feb. 19 Jan. Jan. Jan. 14 F IVUMV Tobac WUf 6s.. 1942 conv lb,000 1942 J 1,820,000 {♦♦Postal Teleg Be Sable coll 5s. .1953'1 29,000 Potomac Elec Power 1st M 3Vis..l966>s«iv«u 31101 Jan. Jan. 15 13 Dec. 30 100 3 Jan. 14 10b# 105# I Porto Rlcan Am 68 stamped W»*v 5 10 21 107 103 # Portland General Electric 4 Vis.. 1964 1st 5s 1935 extended to 1950 1,000 108 11 103# Apr. 74 June 109# June 82 June 89# June 67 Mar. 75 June 84# June 65# Mar. 113# Apr. 107 Apr. 40 Apr. 21 Oct. 19 114 103# Apr. 20 28)111# Jan. 104# Jan. 107 Jan. 108 105 108 # 10b# 59 368,000 2,000 37,000 10,000 1,583,000 54,000 Jan. 17 105# 9# Jan, Jan 93 13 20 31 109 89# 94# 18 Jan. Jan. Jan. Jan. 18 108# Jan. 10b # 105 1st gen 5s series B 1st gen 19 Jan. i09# Jan. 4 MN MN ...1970 3# 93 Sale Jan. 27 1lo 11# Jan, 3 Jan. Sale 8 B............1975 211,000 General 4 Vis series G ....1977 Pitts Va 5c Char 1st guar 4s 1943 10,000 Pitts 5c West Va 1st 4Us ser A ..1958 8,000 1st mtge 4 Vis series B.........1959 11,000 1st mtge 4 Vis aeries C... ..I960 1,000 Pitts Y 5c Ash 1st gen 4s ser A..1948 ~Y,66o Sale M General g 5s ser 5s series A.. 3*2 109# 112# .Sale 86 89# J ..1953 ..1957 .....I960 I g...... 1963 J guar........1964 118,000 14 Sale Jan 110 Sale Sale 13 >4 M S Con 4s series H guar g 5,000 110# 110# 111 8 J Con 4a series G guar g„. lo",666 108 # 1O8# 109# 108 1O8 51 64# Jan. Jan. 2o Jan, 112 18 3 Jan. Jan. 20 2o 95# Jan. 20 D 26 84# Jan. 18 117 Jan. 24 27 114# Jan. 21 3 27 56# Jan. 61 24 6# Jan. 4 4 103# Jan. 5 2b 68 Jan. 3 60 Jan. 11 61# Jan. b3 Sale 113 Sale Jan, 59 Bl 61# 13*2 M Con 4s series P guar g "7",666 5 103# Jan. 63# Jan. 4 Saie o5 Jan, Jan, 52 Saie 104# 109 103# Sale 1949 g Sale 03# Sale 6# 59 # 1945 Con 3 Vis series E guar 113 Sale 63 1940 1942 1942 B guar g C guar g Sale Sale 56*2 8 1949 Con 4s series D guar g Saie 80 113*8 92# Jan. 77# Jan. 116# Jan, 112# Jan. Sale 116# J 30-yr s f 4s 1937 Phillips Petroleum conv 3s.. 1948 Pirelli Co (Italy) conv 7s 1952 Pitts Coke & Iron conv 4#a A...1952 PCC5cStLg4Vis series A 104 J t^Philippine Ry 1st 29 Jan. Feo. Jan. July Dec. 83 Jan. I 98# /*8 Phelps Dodge con? 3 Vis deb ..1952 M.N Phlla Bait 5c Wash 1st g 4s.....1943 F A 1,000 General 5s Series B.. 1974 J J 5,000 Gen g 4Vis series G-... 1977 J D 33,000 General 4 Vis series D .1981 J D 1,090,000 Phlla Company secured Gold 5s.1967 M 8 00,000 Phlla Electric 1st 5c ref 3 Vis 1967 a J 27o,ooo {♦PbMa & Read C Be I ref 5s 1973 ♦Convertible deb 6s 116*8 ii 6# 18 104# Jan. 27 106# 4 108 108# 107# Jan. D Ill# 110 Jan. Sale 6 Ill 115 109# Jan. 88# Sale 8d# Jan. 12 3 118 Sale 115# Jan. j 99# ^ 97 Jan. Sale Sale 103# Jan. 2b 105# 87 81 Jan. 28 85 94# y2 Jan. 20 Sale 110# Sale Jan. 96# Jan. 93 Jan. Sale Sale 104*8 »o*4 11,00O 49,000 Sale 88 lio# 3 93 92 M 2bO,000 239,000 96# J J 21 Mar. 25 Jan. 94 A Jan. 19 30 28 14 7 June 22 104 M 94 4 94 Oct. 92# Feb. 14 105# 25 109# 103# Apr. Sale 9 Sept. 28 Mar. 31 12 93# Jan. 97# 93 # O Mar. 31 60 61 # 19 July 87# Dec. 100# Dec. 52# Nov. 122 Dec. 72 Aug. Mar. 31 100 Jan. 28 Jan. 13 J 1980 C. 24 81 20 57 17 75 10 31} 18 118} 20 19 14 30 63 Dec. 24 56 17| 19 Dec. Dec. Apr. Nov. 7|l03# 97# May 3.103# 99# Aug. 90 June 24 103# 88# Apr. 27 104 4 100# 83 Apr. 94 77 Jan. 26 100# Apr. 29 106# J F Jan. Jan. Jan. Jan. 84# Sale 98# Sale 45 Sale 124# 123# Sale O (flat) Jan. 3 Jan. 30 89 100# Jan. 2» 31 Dl# Jan. 18 123# Jan. 101 , 91# 4HS.......1981 M N ....1943 M N Consol gold 4s.—1948 M N Stamped dollar bonds...... 1*48 A O Gen mtge 3#« series C. ....... 1970 F Consol 4 Via Issue of 1915 1960 J General 4 Via Series A......—1965 J General 5s Series B 1968 A Debenture gold 4 Via..........1970 A General 4Vis series D.........1981 J Gen mtge 4 Vis series E 1984 A O Conv deb 3#a —...1952 A O Peoples Gas 5c Coke 1st 4s 1943 M S Refunding gold 5s .......1947 A O Peoria 5c East 1st cons 4s 1940 A O ♦Income 4s # 10b# J A 99# Jan. Sale 10 Jan. 25 102# Jan. 21 101# 102# 101# Jan. 19 101# Jan. 19 101# Jan. 102 5 101 Jan. 24 99# Jan. 166*2 101 3 101 Jan. 20 Sale 98# Jan. Sale 101 3 100# Jan. 20 98*j Jan. 100# Sale 100 4 95# Jan. 23 IK 93 Jan. 9b 94 16 106# Jan. 27 107*8 Jan. 107 # 105# 106 99 M N 1990 2,000 Peoria 5c Pekln Un 1st 5Hi» A...1974 64,000 Pere Marquette 1st 5s series A... 1956 13,000 1st 4s Series B ...........1956 1,000 31,000 5b,000 243,000 7/,000 7,000 J 57# Jan. 55# Jan. 59 6 Jan. July . 99# 102 100# A D gold 4s Penn RR consol 20o,000 43,000 577,000 Detroit RK— 4 Via A 1st & ref gold 4#s series B_. Penn Pow & Lt 1st M 09,000 2b3,000 ctfs 4s Ser B..1952 F J 28-year 4s 1963 M S Penn Dixie Cement 1st 6s A . ...1941 J D Penn Glass Sand 1st mtge 4#s..I960 106,000 36,000 1941 ctfa series C—1942 ctfa series D—1944 B Sale Prices 72 Jan. 3 65 Oct. 5, 82 3 Jan. 31 60 June 24 70 16 68 2'108# 3 109# Jan. 24 102# Apr. 31 109# Jan. 18 102# Jan. 28 109 98# July 26 103 98 3 Apr. 7)105# 104# Jan. 16 105# Jail. 65# Jan. 108# Jan. 109 Jan. Paducab Ac Illinois 3b", 666 Highest Sale Prices | Jan. 67 80 Sale 68 108# 109 109>6 Sale 101# Sale 108 >4 109 108 # O A 70 Sale 63 J J .1966 67 A .1*38 P ♦♦2d extended Lowest Sale Prices Sale Prices IAsk Ask Bid Bid YEAR 1938 RANGE FOR Highest Lowest Jan. 31 3 Jan. || JANUARY IN it BONDS 7 # 110 16# Aug. 22 Nov. 16 35 10# Feb. 16 15 Feb. 23 12# Feb. 24 4 100# Mar. 18 106# Aug. Nov. 25 99# Mar. 31 106 109 Jan. 19 103 APr- 18 57# Dec. 28 57# Dec. 28 FEB., 1939] N. Y. STOCK SALES IN 1938 Dec. 8? BONDS N. Y. Jan. 1939 PRICES si ^ STOCK EXCHANGE Jan. $ 176,000 11,000 84,000 16,000 161,000 7,000 73,000 9,000 871,000 541,000 167,000 191,000 699,000 475,000 297,000 1,733,000 949,000 42,000 610,000 158,000 143,000 83,000 26,000 101,000 127,000 43,000 200,000 225,000 3,000 9,000 166,000 St L Rky M ft Pac 5s stmpd ...1955 J {♦St Louis-San Francisco Ry— ♦Prior lien 4s series A ♦Prior Hen 5s series B ♦Certificates of 12% 54 Vi 57 56% 13 % Sale Sale 10% 10% J 13 Vi 14 ......1950 J J 4s.. 1948 J 3,000 8,000 12,000 Santa Fe Prase At Phenlx 1st 5s..1942 M S {♦iSchulco Co guar 6^s ♦Stamped 6,000 42,000 281,000 ... 185,000 32,000 338,000 22,000 1,160,000 598,000 46.000 1965 M N 1946 J J ........... 34,000 •♦Refunding Oct 1949 F 37 54% Jan. 29% Jan. 26 19 Jan. 28 13 Sale 12 Jan. 26 7 Jan. cons 1959 A 1951 M 1952 J 1st 6Hi 10,000 82,000 176,000 208,000 Skelly Oil debenture 4s 210,000 79,000 88,000 36.000 91.000 8,000 58,000 172,000 43,000 66,000 166,000 462", 600 1,069,000 866,000 239.000 405,000 459,000 2,000 18,000 27,000 308,000 84,000 41,000 8,000 235,000 448,000 140,000 125,000 14,000 39,000 34,000 370,000 56,000 42,000 17,000 358,000 497,000 242,000 172,000 10,000 12,000 122,000 18,000 356,000 31,000 257,000 1,000 13,000 182,000 45,000 277,000 50~,000 134",660 100,000 169,000 111,000 12,000 151,000 44,000 716,000 4,000 210,000 33,000 96,000 14,000 197,000 1,000,000 9,000 194,000 244,000 399,000 2,000 4,000 3,000 14,000 " 5",000 " 8",000 _ 15,000 3,000 4,000 4,000 18,000 10,000 161,000 24,000 76,000 186,000 278,000 248,000 20,000 266,000 65,000 98,000 145,000 157,000 147,000 9,000 21,000 140 59,000 11 Sale Sale 9% 16% 10% 19 Mar. 30 13% Dec. 31 7% Mar. 30 6% Mar.31 13% Dec. 30 28 61 % 35% 23% 15% 104 % 54 74 .......1963 A O M 8 A F J J J D 5% Sale 54 67% 76 79% 80 J 1994 1956 Devel Ac gen 6s series A 1956 Devel At gen 6Hs series A.....1956 Memphis Dlv 1st g 5s... 1996 O O O 15-year 2Vis debs ....1953 J Studehaker Corp conv deb 6s...1945 J Swift At Co 1st M 3Vis 1950 M Jan 3 10% Jan 4 23 17 Jan 27 5 Jan 9 5 Jan 9 25 105 58 Jan 4 Jan 5 75% Jan 21% Jan 80% Jan 26 99 Jan. 28 Jan. Jan. 13 Jan. 31 Jan 21 Jan. 10 104% Jan 17 107% Jan 31 Jan. Jan. 101 Sale 101 Jan. Jan. 4 17 115 101 17 11 4 110% Jan 27 102% Jan 92% Jan 18 51% 54% Sale 50 Sale 52% Jan. 51 Sale 47 50% Sale 50% Sale 58% 60% 86% 87% 65% Sale 83% Sale 59% Sale 73% Sale 75% Sale 46% 46% 58% 84% 63% Sale 82% 55% Sale 69% Sale 80 Jan. Jan. Jan. Jan. Jan. Jan. 27 7 83 26 4 4 56 Jan 4 26 55% 64% 89% 71% Jan Jan Jan Jan 4 3 38 5 5 77 4 52 Jan. 28 85% Jan 50% Jan. 26 60 Jan 4 26 74 Jan 4 19 68 Jan. 27 76% Jan 5 28 Jan. 24 74 Jan 5 Jan. 24 71 Jan 12 Jan. Jan. Jan. Jan. Jan. Jan. 10 112 Jan 4 27 105% Jan 26 108% Jan 20 J 8 D O O D 107 125 126% 125 111% 104% 107% 14 104% 105 103 83% 84 Sale 83 S 97 Sale 97 J 39% 7% Sale O J J D D O 88 Sale 90 106 Vi Sale 55% 88% Sale Sale 53% 57 M S I D M 9 126 102-% 102% 101 103 96% Sale 96 Sale 102% 102% 103 113% iiV 113% 114 104 % Sale Sale 103 80 84 83% 85% 107% Sale 107% Sale 91% 84% 115% 116 114% Sale 85 84% 82% 83% 84% .89 82% Sale "§6%::::: 16% Jan 14 105 20 18 Jan 31 10 Jan. 27 106% Jan 3 103% Jan Jan. 26 Jan. 4 6 84% Jan 107% Jan 6 125% Jan. 17 126% Jan 13 102 25 103 Jan. 94% Jan. 102% Jan. 113% Jan. Jan 5 97% Jan 6 18 24 102% Jan 24 4 26 103 Jan. 26 113% Jan 31 106% Jan 79 Jan. 24 5 83 % Jan 5 106% Jan. 26 108% Jan 10 114 Jan. Jan. 26 116% Jan 85 Jan 27 16 81 5 108 Jan. 18 4 Apr. Dec. 24 108% Jan. 18 14 110% Dec. 23 16 102 Nov. 5 June 16 Apr. 94% Aug. 11 $8 63 40 . Nov. 6 Jan. 11 Jan. 10 Jan. 13 Jan. 11 Jan. 10 5 83% Jan. Mar. 29 104% Jan. 15 June 17 93 Jan. 5 Mar. 29 Mar. 29 Mar. 29 §3% 60 Dec. 30 Nov. 12 73% Dec. 24 75% Nov. 10 July 22 70 67 Apr. 2 106% Apr. 4 112 99% Sept. 26 105 101 Jan. 28 107% 9 Apr. 12 19% 101 Mar. 31 105% 100 Jan. 28 105% Oct. 26 Oct. 14 Dec. 21 Dec. 28 Dec. 7 Oct. 13 Nov. 4 Dec. 6 98 Sept. 28 103 Dec. 28 46% Mar. 31 87% Oct. 21 105% Apr. 7 108 May 31 119% Feb. 9 125 Mar. 27 95 Feb. 4 103 Oct. 7 70% Jan. 29 98% Oct. 21 [02% Dec. 2 106% Jan. 14 [09% May 7 114 Feb. 11 99 May 2 108% Jan. 13 70 Apr. 20 90 July 26 [03% Mar. 29 107% Aug. 8 81% Sept. 2 81% Sept. 2 [04% June 22 116% Jan. 12 70 Apr. 19 88% Jan. 12 Jan. 27 81 % 96% 38% 7 % Jan. Jan. Jan. Jan. 26 3 10 Jan 21 87% Jan. 97% 29 108 Jan. Apr. 82 Sale Vi Sale 9% Sale 90 86% 106% Sale 26 Oct. 120% Jan. 64 35 1977 A 90 45% June 18 26 72 66 66% 111 111% 110% Sale 105% Sale 104% Sale 107% Sale 106% 15 13% 16% 13% 105 Vi 105 Sale 104% Sale 104% Sale 104% Sale 103 103% Sale Sale 77 79% Sale 107% 107% 107% 107 Nov. 10 Oct. 20 99% Nov. 1 104% Oct. 29 30% Mar. 31 43% June 17 75 2000 1979 5 Mar. 31 102 35% June 16 69% 41 June 13 76 31% June 17 63% 30 Mar. 31 16 66 Jan. 3 10 91 26 28 Jan. 70% Mar. 16 86% Nov. 12 24 Apr. 27 Jan. 101% 105% 106% 87% 11 5% Jan. 105 79% Jan. 90% Apr. 103% Sept. 110 Apr. 31 59% Jan 56% Jan 26 64 Jan. 22 2% Apr. 96% Apr. Aug. 61% Jan. 20% Feb. 7 Jan 3 101 % Jan 27 57% Jan June 48 12 24 108 Vi Jan 3 106% Jan Sale 106% Jan. Jan. 107% 106 8 11% Nov. 12 10% Nov. 12 2% Mar. 26 27 4 Apr. May 13 20 Sale J Mbl Series June 15 1953 J Toledo At Ohio Cent ref 8r Imp 3Vis *60 J 28 88 Jan 10 71 Feb. 106% Jan 27 98 Apr. 40% Aug. 106 Jan. 53 85% Jan 85% Jan 11 69 20 71% June 22 87 90 June 22 104 24% Apr. 45 7 97 Jan 3 26 42 Jan 21 June 21 88% Jan. 11 _ 4 55 Sale Jan. 6 56 Jan 19 85 92 88% Jan. 3 88% Jan 3 58% 63 54% Jan. 4 62 Jan. 21 3% Mar. 30 18 1 106% Nov. 10 July 13 June 27 Dec. 27 3 63% Mar. 10 84% July 21 102 Jan. 8 50 May 6 95 96" mi; 9 90 July 25 Jan. 25 May 3 80 Jan. 20 I03%'janT"26 123% 124% 120 108% 110 109 Sale 108% Jan. 21 109 Jan. 31 21 Sale z21 Jan. 31 21 Jan. 31 20 June 28 97 26 Jan. 9 26 Jan. 9 18 July 96 Feb. 7 Jan. 17 76% Jan. 108% Jan. 9% Jan. 115% Jan. 107% Jan. 111% Jan. 3 87 Nov. 10 8 96% Sale 79 Sale 108% Sale 108% Sale 11 8% 9% 11% 115% 116% 115% Sale 109 Sale 108 108% 112% Sale 113% Sale 107 Sale ..June 2008 M 8 106 114 Sale Trl-Contln'l Corp conv deb 5s ser A'53 I J ♦Tyrol Hydro-Elec Power 7V4s.__1955 M N f 7s 1952 F A Ujlgawa Elec Power secured 7s_.1945 Union Electric (Mo) 3Via ....1962 ♦{♦Union Elev Ry Chic 1st 5s Union Oil Cal 30-yr 6s ser A 3%s debentures 1945 May 1942 1952 Union Pac RR 1st At land gr g 4s. 1947 First Ac refunding 4s 1st Hen Ac reJ 5s .June 2008 M 34-year 3 Vi* debenture.. 35-year 3Vis debenture 1970 A O 1971 M N United Biscuit (Amer) deb 5s...1950 A O United Clgar-Whelan Stores 5s..1952 A O 5% June 5% May 11 27 72 D 1st see 4 70 Tokyo filoctrlc Light (Ltd)— For footnotes 4 61% A ..1980 Tex Pac—Mo Pac Term 5 lis A..1964 M Third Ave 1st ref 4s 1960 J ♦Adjustment Income 5s Jan 1960 A ♦♦Third Ave RR 1st gold 5s 1937 J Tidewater Assoc OH deb 3 Vis 1952 J sec s 66 Mar. 14 18% Nov. 14 4% Jan. 4 8% Jan. 11 2% Mar. 4 3 78 J Ry 5V4s A guar.1950 Texas Corp deb 3 Vis ....1951 Texas Ac N O cons g 5s ....1943 •Guar 3 Jan Jan. 21 % 78% 97% 103% 106% Sale Jan 8 66% J 1951 J Tol St L Ac West 1st g 4s 1950 Tol W Va Ac Ohio 1st guar 4s C..1942 Tor Ham At Buff 1st 4s 1946 Trenton Gas Ac B sc 1st 5s 1949 Sale Nov. 10 20 6% Jan Jan. 55 117 4 26 103% Jan. Jan. 25 Mar. 14 Dec. 5 Mar. 27 70 Co v deb 6s series B 1944 M 8 Tenn Elec Power 1st 6s series A..1947 J Tsrm RR Assn of St L 1st g 4 Vis..193'. A First cons g 5s 1944 A Gen ref s f gold 4s 1953 J 1 exarkana Ac F S .... 5 5% Sale 9 4 11 4 31 32 109% Apr. 11% July 65 Staley (A E) Mfg 1st mtge 4s..... 1946 F A Standard OH N J deb 3s 1961 J D Gen Ac ref 5s series C Gen Ac ref 5s ser D 17% 23 30 3 24 3% Jan. Sale 14% Nov. May May 24 May 28 5% Jan. 5 Jan. 7% Jan. 7% Jan. 16% Jan. Sale 20 Jan. 12 J D 1st Ac ref 3s series C_. .......1968 J J S'western Gas Ac Elec 4s ser D 1960 MN {♦Spokane Internet 1st g 5s 1955 J J ft Pacific 1st g 5s Gen ref 5s ser B Jan. Jan 17% Jan 21 in£ Aug. Jan. U220H Jan. 24 J Bt Louis Dl» 1st g 4s.........1951 Southw Bell Tel 3 Vis series B 1964 exas 3 109% Jan. 100% Jan. 90% Jan. Sale Tenn Coal Iron & RR gen 5s Tenn Copper A Chetn— 20 zl8 28 115 Sale Sale 84% Sale 71% Sale Feb. Jan. Jan. 9% Jan. 5 July 25 102% Jan. 25 4 118% Jan. Apr. Jan. 107% 106% Sale 110% 100 101% 101% 90% 91% 92% 62 O 108 104 18 38 Oct. 25 11 Jan. 19 28 13 115 Sale Sale 97 Sale 114 Sale San Francisco Term 1st 4s....1950 A South Pac RR 1st ref guar 4s....1955 J 4s stamped 1955 11 109% Apr. 45 Mar. 26 81 107% V| 98 11 31% Jan. Sale Sale Sale Sale 21 6 Sale 55 Dec. 27 21 Jan. 97% 54 J Apr. Jan. 21 110 10 67% Jan. 17 July 27 27% July 25 18% July 25 68% Jan. 3 112% Jan. 30 20 103% 107% 54% 98% Jan. 5 117 Jan. Jan. Jan. Jan. Jan. Jan. 20 Sale 1981 M N 10-year secured 35^8.......... 1946 J 16 Jan. 20 18 Sale 9 23 2 Jan. 5% Dec. 24 6 Sept. 28 Jan. Sale 58 % 5 14 June 17 June 16 9 Jan. Sale May 1 1969 M N 8 May 13 Jan. Jan. 56% 21% Gold 4%s 1968 M Southern Ry 1st cons 5s Devel At gen 4s series A.. 3% 104% 61 56 38 20 3 19 Sale 77 23 106 Vi 109 % 3 12 Jan. 30 103% 106% 111% 1951 Jan. Jan. 118% Sale Gold 4%s Gold 4%a 1 7 Jan. 18 3% Sale Sale page 30. 27 124 30 107 Sale 114 114% Sale 96 Sale 96% Sale 95 96% Sale 95% 96% 96 108% 109% 109% 109% 108% 83 % Sale Sale 75 75 Jan. 23 124 Jan. 23 117% Apr. 22 121% Nov. 30 103 Mar. 31 110 Aug. 12 85 Jan. 21 Jan. 23 105 Jan. 11 Jan. 19 7 July Jan. Jan. Jan. 17 5 27 9 Jan. 26 3 Jan. 27 Jan. 23 Jan. . 5 109 5 Jan. Jan. 6 10 13% Dec. 30 15% Jan. 12 Jan. 24 98 Vi 1st mtge pipe line 4%s 1951 A O Sou Pac Co 4s Cent Pac coll Aug. *49 J D lst 4Hs (Oregon Lines) ser A..1977 M 8 8,000 25,000 157,000 16,000 29,000 82,000 272,000 3Vs 7V» 6% J an. 14 Jan. 16 14% 3% 6% 5% 8% 7% 14% Mar. 15 14 18 116 21 Sale Sale Sale 69 13% Jan. 29 32 5 5 15 28 28 29 Jan. Jan. 18% Jan. 26 23 Jan. Sale 28 17% deb 4s........1952 Southern Bell Tel At Tel 3%a..... 1962 Southern Calif Gas 4 %s 1961 1st mtge Ac ref 4s 1965 Southern Colorado Power 1st g 6s *47 Southern Kraft Corp 4^s 1946 Southern Natural Gas— 256,000 14,000 24,000 142,000 ■■ 8 D Socony-Vacuum Oil deb 3%s__._1950 5_13",66O 30 4% 140,000 South At Nor Ala gu 5s 98 117 60 32 17% ♦Siemens & Halske deb 6%s 1951 M S ♦Silesia Elec Corp 6%s._ .......1946 F A Slleslan Am Corp coll tr g 7s .1941 conv 98 Vi. Saie 4% •Certificates of deposit Shell Union Oil deb 3%s 775,000 852,000 26 64 62 8% Mar. 26 7 Sept. 28 8% Mar. 30 14 Sale 1935 Shinyetsu El Pow Simmons Co 6% 7% 100 116 ...1945 M S 24,000 287,000 75,000 534,000 Sale Jan. Jan. Jan. Jan. Jan. 86 14 29 O g 4s 6s series A. ♦Certificates of deposit.. Series B 304,000 398.000 10% 10% 9% 9% 11 115% 58% 111% Sale 111% 112% 111% 108 110 109% 112 109% 16% 27% 15% 18 15% 18 15 22 % 18 15% {•♦Atlan-BIrm Dlv 1stg4s.May 1933 M~e {Seaboard-All Fla 1st 4s A 1935 118,000 152,000 13% Jan. 14% Jan. Sale A 12,000 159,000 54,000 536,000 672,000 604,000 1,050,000 952,000 379,000 40,000 622,000 26 Jan. 14 19 98 ♦Certificates of deposit 5,000 9 55% ♦Certificates of deposit....... ♦1st At 25,000 27 9% Jan. 30 27% ♦Adjustment 5s 626,000 47,000 27,000 11 Sale 63 ♦{♦Seaboard Air Line 1st g 4s ..1950 A O ••Stamped 4s.................1950 A O 1,000 141,000 111,000 Sale Sale 42% May 46% May 12 12 Mar. 29 49% Dec. 23 Jan. 17% Jan. 59% Jan. Sale Sale Sale 115% 115% 116 ♦Stamped.... 62,000 33,000 121,000 23,000 778,000 74,000 7,000 64 Sale 6% J J ♦Guar sinking fund 6Hi B....1946 A O 6,000 65% Jan. 9 27 Jan. 10% 8%. Sale J Sclo Vail At N E 1st guar g 4s....1989 MN 11,000 315,000 30 13% Jan. 54% Jan. Sale J San Diego Cons G 8c El 4s 2,000 16,000 58% Jan. 62 15% 58% 10% A consoi tPaclflc Ext sterling guar 4s.. 1940 J St Paul Union Depot 1st 5s guar. 1972 J San Ant 8c Aran Pass 1st guar 4«.1W3 J 3,000 60 D ♦Gen Ac ref 5s series A 4,000 38,000 76,000 17,000 29,000 2,000 15,000 3,000 30,000 Sale Prices 11 St Paul Minn 8c Manitoba— 183,000 23,000 Highest Sale Prices 61% 35% 23 % 14% {♦St Louis Southwest 1st t) 4s... 1989 MN ♦2d gold 4s Income bond..Nov 1989 J J {♦lit Pau B Grand Trunk 4%a 1947 J {♦St Paul 8c K C Short L guar 4 %sl941 F Lowest Sale Prices 64 8% RANGE FOR YEAR 1938 Sale Prices Sale deposit stamped. 1990 J 58% !! Highest Sale Sale Sale 8 1952 J JANUARY 13 Vi 13 Vi 13% 1978 M •♦1st terminal 8c unlf 5s Sale Sale 29 Lowest Ask 64 ♦Certificates of deposit.... •Con M 4%a series A Ask Bid 16 ♦Certificates of deposit.... IN Jan. 31 63 Vi J ....1950 J 3 Bid St Louia Iron Mtn Ac South— ♦•Elror & Gulf Dlr 1st g 4a...1933 M N ♦Certificates of deposit....... {♦St L Peo& N W 1st 5s 1448 j""j S' Paul 8c Duluth 1st 114",000 EXCHANGE—BONDS 116% 109% 113% 107% 116% 97% 97 Jan. Jan. Jan. 7 July 115% Dec. 104% Mar. 31 Mar. Mar. 10 12 20 109% Mar. 83% June Jan. 19 82 7 109% Jan. 24 103 31 83% Jan. 3 June Apr. 69% Jan. 1 110% Sept. 10% Nov. 2 119 9 9 June 113% Aug. 114% Jau. 107% Jan. 9 3 3 116 Jan. 14 96% Dec. 27 96% Dec. 28 08% Nov. 21 86 Dec. 21 1938 N. Y. STOCK Jan. 1939 EXCHANGE 173,000 21,000 61,000 13,000 668,000 112,000 15,000 21,000 39,000 193,000 1*53 Co (Del) Sa RR ft Canal Co (ten 4a United Druft N J l 1944 ♦{♦United Rya St L lat g 4a 1934 & Fdy con?,deb 3%s 1946 U S Si eel Corp 3%s deba 194* ♦United Steel Wka g 4 Ha aer A—1951 U S Pipe 109% 25% *28"" 119 105% Sale 49% Sale 113 115% 111% 49% 49% 88% Sale Sale 94 Sale J J 24 M S J D A Tree lat A re if 5a. .1*44 Utah Power A Light lat 5a.. ... 194* {♦♦Utilities Pow A Ltg ♦♦Debenture 5a 176,000 Utah Light « Sale 38 26 50% Jan. Sale 88% Jan. 12 90 Jan. Sale 93 Jan. 26 20 94% Jan. 6 95% 97% 69% 69% Jan. Sale Jan. 20 Jan. 10 Jan. 10 Jan. 6 24 106% Jan. 24 3 Sale 69 Sale 65% Jan. 3 Sale 99 99 % 100% 105% % % 108 X J J J M S M P 35 J J 65 A O M 8 Sale 62 {♦♦Wabash RR 1st gold ♦Second gold 5s 1939 5a 1939 ♦1st lien 50-year gold cerm 48.1954 ♦Det A Ch Ex 1st g 5a 1941 "5", 606 ♦♦Des Moines D1t 1st g 4a. 1939 2,000 ♦Omaha Dl* 1st g 3%s_ 1941 1,000 ♦Tol A Cbic Dlt 1st g 4s 1941 4,000 167,000 {♦Wabash Ry ref A gen 5Ha A.. 1975 ♦Ref A gen 5s (Feb *32 coup) B.1976 159,000 ♦Ref A gen 4%s series C. 1978 165.000 134,000 36,000 53,000 10,000 •Ref A gen 5s series I> .. G A W deb Walworth Co lat mtge 4a Walker (Hiram) 326,000 66,000 79,000 Warner Bros Pictures conv Certificates of 55 Jan. 30 23% Jan. 25 2000 1948 1945 1945 1939 1950 1967 1963 1966 1952 Ry 1st g 4s Wash Cent 25,000 3,000 1,000 Wash Tarm 1st guar 17 3%« 4s Wash Wat Pow 1st ref 5s Westchester Light gold 5s 1,000 Gen mtge 3H«-159,000 45,000 W est Penn Power 5s series E 1st mtge 3%s series 1 32,000 30,000 West Va Pulp A Paper 4%s lat 40-year guar 13% Sale Sale 2.000 8 F 35 A F M S 5,000 33,000 29,000 50,000 5,000 3%«„........ 1947 4s —1960 {♦Wisconsin Cent 1st gen g 4a..1949 Conv debenture 633.000 48.1936 .1968 1961 3%s Public Service 4s Wisconsin Elec Power Wisconsin {♦Worcester AConn P»«t Ry 4%ftl943 Sheet A Tube— Convertible deb 4s lat mtge a —1948 1961 ... f 4a aerlea C Cash r Negotiability ♦ impaired by maturity. Bonds selling x been called for 26 at 109 t The price represented is the dollar quotation er 200 pound unit of bonds. Accrued interest ayable at exchange rate of $4.8484. t Companies reported as being in bankruptcy, eceivership, or being reorganized under Section 77 f the Bankruptcy Act, or securities assumed by r r a companies. Deferred delivery sales, only tilansactions1 of month, and not included in year s ange. 4' Jffil w " ,... ——— Under the rule sales, only transactions of the urrent month and not Included in year s range. he current J J in 75 Dec. 19 4 13 Jan. 3 28 12% Jan. 27 13 6% Mar..29 6% June 18 6% Mar. 31 5 27 107% Jan. 11 25 23 55% 68% June 23 5 13% Nov. 10 5 3 63% Apr. 1 72% Sept. 29 Sept. 14 8 82 Feb. 93 Dec. 27 90 Oct. Jan. 9 10 28 Jan. 18 104 26 Apr. 107% Mar. 108% Mar Jan. 21 102 Nov. 105% Jan. 94 4 46 27 49% Nov. 25 83% Jan. 6 87 Jan. 24 105% Jan. 19 25 24 26 23% Jan. 23% Jan. 63 Jan. 65 Jan. 64% Jan. 21% Jan. 31 28 24 26 28 26 55% Jan. 48 Jan. 27 88 12 4 3 5 Sale 109% Jan. 93% Jan. Sale 94% Sale 101% 101% 102% 101% Jan. 6 Jan. Sale 10 Sale 102% 96% 94% Sale D 108"" J 5 M S 109% 104% 108% 5 5 5 104% Jan. 104% Jan. sales, only transactions of the current included in year's range. 3 31 4 Jan. 4 105% Jan. 3 110 8 included Oct. 7JH Jan. 3 3 15 105% 110% 96% 101% 7% Jan. Dec. 28 Feb. 63 27 4 Jan. Nov. 10 Nov. 26 14 Jan. 8 94% Oct. 15% Jan. 14% Jan. 4 3 5 8% Jan. 10 110 Mar. 6% Mar. 4% Sept. 4% Dec. Nov. 6% Aug. 6 108% Nov. 10 5% Feb. 18 Apr. 6 2 Nov. 25 Mar. 104 10 5 27 Jan. II* 105% June Feb. 104% Nov. 28 109% Dec. 31 96 Apr. 5 104% Dec. 27 Canadian Nat 4%s 1956, Jan. 28 at 114% 5s 1942, Jan. 31 at 53% O. 5s 1951, Jan. 19 at 76 Cent RR. & Bkg. Chic St. L & N. transacted month, and are not Mar. 96% Feb. 71 Dec. 30 102 79% Mar. 91% Jan. 9 Dec. 30 25 27 26 29 Dec. June 20 12 Jan. Aug. 74% July July 77 July Mar. June 12 Nov. 21 if Mar. 105 Czechoslovak 8s 1952, following odd-lot sales were Ar>r. 100 19 109% Jan. 3 97 Jan. 11 101% Jan. 12 27 98% Jan. 108% Jan. Apr. 48% Apr. 47% Dec. 18 Sept. 47 Sept. 45 Sept. 5 10 10% Jan. 27 9 3 102% Jan. Sale 101% Jan. 7 94% Jan. 97% Jan. 20 96% Jan. 31 Sale 110 Jan. 31 110 3 Sale 11% Jan. 9% Jan. 24 8% Jan. 28 14 8% Jan. 28 5 5 5% Jan. 5% Jan. 7 4 4% Jan. 19 5% Jan. 5% Sale 106% Jan. 30 107% Jan. 31 9 108% Jan. 28 107% Jan. 5 Jan. 23 5 Jan. 23 107% Sale 105 Sale r iih Jan. 93 Mar. 7 5 Mar 110 Jan. 123 9 121% Feb. Jan. 106% 98% Apr. Jan. 26 Jan. 26 120% Jan. 20 116 Jan. 27 106% Jan. 28 110% 2 107% 9 101% Apr. Jan. 104% 110% 109% Sale Sale Nov. 12 14 89% Jan. Jan. 24 79 Jan. 80% Sale 82% Jan. 85% Sale 111% 104% 104% 104% Jan. 18% Jan. 20 19 Sale 18% Jan. Sale 18% Sale 56 Jan. 58% Sale 62 58 Jan. Sale 61 Sale 57 Jan. Sale 60% Sale 17% Jan. 19% 17 22% Sale 49% Jan. 53 Sale 47 45% Jan. 46 Sale 9% 14% Nov. 10 13% Nov. 12 Mar. 31 108% Nov. Mar. 71 June 15 100 3 66% Jan. 80 Jan. Mar. 28 7 4 Jan. 88 J Jan. i8 at 48 7%s unstamped, Jan. 26 at Georgia & Alabama, 5s 1945, Jan. 19 French 103% at 14% unstamped, Jan. 25 at 15% Hungary 4%s 1979, Jan. 31 at 23% Int. Ry. of Cent. Amer. 5s 1972, Jan. 19 at Japanese Govt. 5%s 1965, Jan. 26 at 57 Rhinealbe Union 7s 1946, Jan. 3 at 55 Tokyo 5s 1952, Jan. 16 at 40% German 7s 1944-54, Jan. 23 at 114.26 2%s 1942-44, Jan. 26 at 103.31 following during the current transacted month and are not included cash sales were In the monthly or yearly Poland 1958 assented, Seaboard Air Line 4s range: Jan. 31 at 33% 1950, Jan. 6 at 20 z The following deferred delivery sales were transacted during the current month and are not included in the monthly or yearly range: 1968, Jan. 30 at 92% 1957, Jan. 31 at 94 Akershus 4s, Brisbane 5s 44 26 Jan. 90 Home Owners' The Nov. 18 Jan. 14 27 Jan. Jan. Jan. Jan. Jan. the range: e 30 38 41 106% 106% Jan. 28107% Jan. "26 107 108% 107 zlOl %Jan. 21 101% 102 124% Jan. 9 124% Sale 105% Jan. 3 107% 119% Jan. 4 120% 4 111% 111% 111% Jan. 107 Jan. 9107 107 J Treasury 4s 28 27 Dec. 11 Ex-interest. t The Jan. 43 I* during the current Dec. 22 24 "O M N 50 30 Dec. 30 31 A MN 2 12 22 Sale 94% Sept. 15% July 17 Jan. 110 109% 9% 11% Sale 14 8% 6% 5% 4% 5% 4% 107% month, and not flat. f The following bonds have ademption in their entirety: Hackensack Water 4s 1952, April uch J ♦Certificates of deposit Youngs town 1,091,000 O J 38 4 21 Jan. 39% Jan. 110% 111% 110% 106% 107% 106% A 12 Nov. 17 Jan. 86 105% Sale" 107 120% 119% 120 J Jan. 25 14 Jan. 89% Jan. 101% 102% 101% 123% 123% J n 3 35 Nov. 17 June 17 Sale 107 A J 67% Jan. 16% May 31 32 3 17 Sale 106% A 25 29 50 Sale 90 Q M 49% Jan. 28% Jan. 27 Sale 25 50 4 21 4 89% 39% Sale 45% 3 21 93 89 S M Winston-Salem S B lat ♦♦Sup A Dul Dlv A Ter lat ♦Certificates of deposit 19% 91% 80 92% Sale S M M Jan. Jan. Sale 84 76 12 17 17 Sale 8% 12% Sale 9% 9% Sale 12% Sale 106% 106 106 106% 107% Sale 59% 63 66% Sale A O 82% 1952 322.000 West Maryland 1st g 4s.. J J First A ref 5Hs series A. a....1977 51,000 A O 104% 77,000 West N Y A Penn Gen gold 4s...1943 M 8 23% 1946 65,000 {•Western Pacific lat 5s ser A 23 ♦Assented 66,000 M N 60 Western Union 4%« gold........1950 87,000 J D 62 Gold 5s 1951 284,000 M S 62% Gold 5s 1960 216,000 J J 21% 1953 32,000 ♦Westphalia Un El Pow 4s J J 55% West Shore 1st 4s guar 2361 104,000 I J 48 Registered... .236) M S 35,000 103% Wheeling A Lake Erie Ry 4s D..1966 M 8 107% 15",000 Wheel A L Erie RR 1st con g 4s..1949 F A 93% 164,000 Wheeling Steel Corp 4%® set A..1966 MN 101% White Sewing Machine deb 6s... 1940 13,000 J D 7% 229,000 {♦♦ Wlike.-Barre A East 1st flu g 5s 1942 J J 101% 1955 115,000 Wilson A Co 1st M 4s ser A 119,000 1,000 119,000 15% 38% 10% 9% 9% 91% 13 "23% 17 25 38 ..1955 -.1955 1941 "48% 1 25 50 50% 47% May 10 30 31% 25 31% 50 3 Aug. Mar. 10 62 44 25 4jfi.l94S {♦Warien Bros Co deb 6s Warren R R 1st ref gu g 3Ha 21 72 Sale Sale deb 6sl939 30 107% Jan. 4 12 Sale Sale 28 deposit. 105% Jan. 41 44% 24% 49 .-.1*86 6a debenturea Jan. Jan. 4 "62"" Sale A F 31 72 Nov. 16 106% Nov. 30 108% Dec. 45 Jan. 35 Mar. 31 Dec. 75 July 28 80 63% Oct. 39 June 15 106% Dec. 99% Mar. 30 25 108% Jan. 18 35 Jan. 106% M N 77 Apr. 8 101 104% July 29 105% 104 May 16 104 2% % Dec. 10 107% Jan. 27% Jan. 72 Jan. Jan. 60 27 Sale 106% 45 9 30 . 121,000 87,000 12 101 % Jan. 108% Sale 40% 100 Sale Jan. 106% Jan. % Jan. 105% J ♦♦July 1914 coupon 101 Sale Jan. Nov. 15 28 4 123% Oct. 10 Sept. 28 105% Dec. 31 2 27% Jan. 25 49% Dec. 1 27% Jan. 22 49% Dec. 5 27% Jan. 18 49% Dec. 94 July 29 87% Dec. 21 Dec. 1 Apr. 1 96 J 73 Dec. 1 97{ 1 78% Apr. Dec. 31 67 Mar. 24 45 Dec. 31 67 Mar. 24 Feb. 107 Sale Jan. May 19% Mar. 30 5 42% 88% 94% 95% 66 106 Jan.• 45 Sale A off.. ... 146",000 Virginia Elec & Pow3%s«er B..1968 11,000 VaIron Coal A Coke lot ft 5a... 1949 Va A Southwest lat guar 5a 3003 First cons 5a —1958 "9.666 183,000 Virginian Ry 1st A ref 3% a ser A. 1966 ♦♦Vera Crux A 18 ufi 26 105% Jan. 28 Jan. 50 Jan. 31 50 45 19**7 MN Pacific lat 4Hi... 1934 2,000 Jan. 6 27 Sale 69 F 4a A......... 1959 ... Jan. 104% Jan. z38% Jan. 43% Jan. Sale Prices 81% Jan. 13 6 109% May 26 Mar. 23 60 107 105 90 98 .... 11 Sale f» 1941 31 Jan. 66 1959 5a... Jan. 4 66 A Conaol 4a Seriea B "i",66o % 94% Sale deb g 514*1947 Vanadium Corp (Am) conv Vandalla conaol 25 117 %• aerlea C.. ...—..—1951 ♦Sinking fund deb *%• aer A.. 1947 United Stockyards w w. .1951 465,000 836.000 110 108 P M ♦6 466,000 109% Jan. 24% Jan. 1938 YEAR Highest Sale Prices Sale Prices 72 30 110 Jan. FOR Lowest Highest Sale Prices 69 Sale 72 Sale 69 P M Ask Ask Bid Bid $ Lowest Jan. 31 3 Jan. RANGE IN JANUARY PRICES II II BONDS SALES IN Dec. EXCHANGE-BONDS N. Y. STOCK 30 Tyrol 81% Hydro-Electric 7%s 1955, Jan. 26 at 19 Works 6 %s 1951, Jan. 26 at 38% United Steel Vienna 6s 1952, Jan. 31 at Washington Water 15% Pow 5s 1939, Jan. 4 at 101% New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING JANUARY 1939 Stock Sales NM Shares.. 1938 125,182,350 Bond Sales 24,161,931 1*1938 _ Jan. 1 to Dec. 31 lots I 1939 January 1939 . January... 297,466,722 1938 $169,611,000 1937 $165,910,000 1938 Jan. 1 to Dec. 31 409,464,570 1937 .1,859,865,000 2,792,631,000 exceptin^tie6c&seof Sock? whlchS offy m^sS'way00'- 3'1W5,8tOCkS DOW QUOted doIlarB per 8hare" PrIces °n » NOTICE—Cash and deferred delivery sales are disregarded in the month's range, unless they are the only transactions of the month, and rSg^for the year" r monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in 100-sharo s. ^ when selline computing the AGGREGATE SALES In Price STOCKS 12 Months January k 1938 Shares Par 35,800 Abott Laboratories 400 300 18.766 10 3,400 8,000 3,200 12,600 60,600 1,600 62,000 280 29,600 100 25~,305 9,000 8,700 4,900 3,100 18,000 3,600 3,700 3,500 2,000 10,600 37,200 5,300 11,800 3,200 14,800 400 Sale Sale Sale Sale 157,600 900 9,600 14,600 30,800 15 13 15 7X 12*4 Sale Sale 47 46 X Sale 49 X Sale Sale 2% Sale 21X Sale l,321,00u 1,162,900 1*4 Jan 4 Jan 9 Jan 26 13*4 Jan 4 8*4 Jan 13*4 Jan 26 12*1 Jan 3 26 18*4 Jan 3 Jan 26 4 Jan 19 !!* Jan Jan 19 24 11*4 Jan 4 ........—* 11*4 Apr. 1 1*4 Mar. 26 20 Jan 20 61 Jan 10 Mar. 30 24 27 3 20*4 Jan 13*4 Jan 55 31 22 3 56 Jan 10 24 60 Dec. 28 Mar. 30 Jan 5*4 Jan 42*4 Jan 24 8 Jan 4 26 54*4 Jan 4 131*4 Jan 27 100*4 Jan 6 54 Mar. 31 4 23*4 Mar. 31 114 Apr. 21 7054 Jan. 3 57 6*4 Sale 45*4 Sale 125 131 Sale 130 91 Sale 174*4 Jan 24*4 Jan Sale Jan Jan Jan 26 55 Jan 5 Jan 27 24*4 Jan 4 Jan 30 122*4 Jan Jan Jan Jan 13 Jan Jan Jan 3 Sale 17*4 Sale 8*4 Sale 13*4 Sale 14 13*4 4*4 Sale Sale a Sale 2*4 Jan 15*4 Jan 7*4 Jan Amer Sumatra Tobacco.....* Amer Telep & Teleg 100 American Tobacco........25 25 6% preferred 100 American Type Founders—* Am Wat Wks & El * 693,200 Amer Zinc, Lead & Smelt... 1 8,000 $5 prior conv pref.......25 4,663,200 Anaconda Copper .......50 2,300 28,500 Anaconda Wire & Cable....* 7,500 140 107,700 Anchor Hocking Glass Corp * 3,840 $6.50 conv preferred....—* see page 40* 9 Jan 12 4 26 27 Jan Jan 30 15 25 Jan 9 34 Jan Jan Jan 14*4 Jan 27 46 Jan 24 1*4 Jan Jan 754 Jan 3054 Jan 79*4 Jan 1554 Jan 4 *4 Jan 40*4 Jan 13*4 4*4 30 43*4 1*4 Sale 6 Jan 26 24 23 30 Sale 21*4 Jan 26 69 Sale Sale Sale 65 13 26 14 3*4 35*4 Sale 115*4 125 24*4 Sale Jan Jan 3*4 Jan 32 Jan 120*4 Jan 23 Jan 25 27 26 14 26 Jan 30 4 5 20 40 Jan 20 18*4 Jan 4 19 Jan 5 2254 Jan 72*4 Jan 4 13*4 Jan 15*4 Jan 15 Jan 3 27 20 Jan 3 Sale 29 24 3354 Jan 53*4 Jan 5 38 Sale Sale *25"" Sale' 109 54 Sale 16 X 18* 144 Sale 60*4 63 X L38 6*4 11X 80 Sale Sale 139 Sale Sale 88 Sale 131 150 40*4 Sale 954 Sale 14*4 16*4 22*4. Sale 91 *i Sale 18*4 18*4 150 Sale 63*4 34 134 Sale 18 Sale 153 85*4 Sale 88*4 Sale 146*4 148 151 Sale Sale Sale Sale Sale 60 Jan Jan Sale Sale Sale Jan 4 18 19*4 Jan 25 31 23 22*4 Jan 91*4 Jan 3 84 18 Jan Jan Jan 5*4 Jan 11*4 Jan 77) 6) 82 Sale 82*4 28*4 Sale 4*4 Sale 40 Sale 29 38*4 Sale 6*4 Sale 36*4 Jan 5*4 Jan 31 30 30 26 4 32 28*4 Sale 43 Sale 15*4 Sale 101*4 Sale 7*4 Sale 38 35*4 Sale 88 Sale Sale 82 5 29*4 Sale 55 48*4 45 19*4 Sale 17 17*4 Sale 112 Sale 111 113*4 114 52 18 11*4 Jan 147 Sale 5 31 4 Sale 8 5 26 153 14 26 20 134 Jan 3 64 Jan 3 151*4 Jan 4 29*4 Jan 8*4 Jan 149*4 Jan 80*4 Jan 83*1 Jan Sale 88 Jan 150 10*4 Sale 10*4 14*4 20 85 41*4 Jan 131 Jan Jan Jan Jan Jan Jan Jan 41 18*1 Jan 157 A Jan 26 87*4 Jan 26 8954 Jan 4 153 Jan 27 8*4 Jan 26 14*4 Jan 4 Jan 84 27 6 Jan 28 43 Jan 26 Jan 7 33 Jan 31 26 36*4 Jan 26 54*4 Jan 26 20*4 Jan 23 114 Jan 35 Aug. 24 Oct. 13 Nov. 9 Dec. 30 Nov. 9 Nov. 9 Dec. 6 Oct. 21 05*4 76*4 34*4 5754 23*4 17 15 9 July 19 9*4 Nov. 14 8*4 Mar.; Nov. 14 1654 Jan. 12 83 67 *4 Dec. 18 77 Jan. 9 4 20 19 16 24 5 May 30*4 Dec. 31 79 15 : 3054 1*4 13*4 4*| Nov. 14 5*4 Nov. 15 36 Nov. 17 45*4 Dec. 27 2*4 June 23 20*4 July 20 854 July 10 1754 July 5*4 Jan. 45 Mar.; 2*4 Mar.; Mar.; 99*4 Mar.; 20 Mar.: 3 *4 Mar.: 19 Mar.J 16*4 Mar.; 9 Mar.; 22 29*4 7*4 4754 41*4 19*4 14854 July 13 *4 Mar.; 58 Mar.: 12 Dec. : 7*4 Mar.: 2254 Apr. 28*4 Mar.i 103 Mar. J 4554 Apr. 130 Jan. 40 Mar. 30 Mar 30 Mar. 30 Mar. 31 1 Apr. 16 10 Mar. 31 *8 7 Mar. 31 Mar. 30 Mar. 26 5 May 26 Mar. 29 Mar. 31 Apr. 17 Nov. 23 Jan. 18 Oct. Nov. Nov. Oct. 17 10 10 13 12 Nov. 12 July 20 Jan. 12 Nov. 9 Jan. 11 Nov. 9 Dec. 2 6154 Dec. 16 50 Mar. 31 Mar. 31 June 10 Dec. 21 Dec. 28 Apr. 25 12 Oct. 65*4 Jan. 24*4 8054 20*4 23*4 35*4 5854 19 Nov. 12 23 20 31 2 9 Mar. 28 Mar. 30 4 22 2 12 20 4 Jan. 5*4 July June 14*4 16*4 Sale Sale 7 Nov. Mar. Mar. 12*4 Sale 7 Nov. 14*4 July 29 52 25 44 5 26 26 Jan 63 20 5 6*4 Jan 45*4 Jan 3 162 13 10 19 Sept. 3 5 5 20 Jan Sale 12 July 28*4 Oct. 23*4 July Mar. Mar. 3 Mar.: Mar.; Oct. Nov.! Mar.J Mar.: 3 Sale 160 5 20 3 Jan 12 26 158 5 7 14 x26 32*4 Jan Oct. 17 Jan. 25*4 Feb. 25 12*4 July 20 20*| July 2 24 5*4 Jan 38 Jan Oct. 15 3*4 177 Jan. 2*4 Mar.: 13*1 Mar.: 5*4 Mar.; 10 Mar.: Sale 31X Sale 8*4 8H 17 26 20 5 5 Jan Sale Jan 15*1 11 26 26 Jan 5*4 Jan 12 14 12 654 Jan. 25 7*4 Nov. 14 25 122 Sale \m J an Jan Jan Jan 12 2 *4 Mar.: 4 Mar.: Sale * Class B 26 9*4 Mar. 29 100*4 Jan. 24 5 4 5*4 Jan 5*4 Jan Jan 12 American Seating Co ...* American Ship Building....* ........100 65 3 *4 19*4 954 15*4 16*4 Jan — 23 27 160*4 Mar. 30 12*| Mar. 30 27 Mar. 31 5 7*4 Jan 11*4 Jan 10*4 Jan 165*4 500 64 Preferred... 24 26 31 31 46*4 Apr. 27 88] 133 43 ..... 18*4 Sale American Sugar Refining. 100 \ 19 66 ♦ 12 3 41 73 Sale * 6 125 Sale American Stores 3 Sale 21 4*4% conv preferred 100 Amer Safety Razor.——18.50 Amer Steel Foundries Jan Jan 3 Sale 45*4 112 American Rolling Mill-——25 American Stove Co 64 4 177 26 35 40*4 Sale Sale July 11 Feb. 2 Dec. 7 Jan. 7 Jan. 12 78 3 May 27 26 69*4 Jan 24*4 Jan 17*4 Jan Sale Amer Smelt 8c Refining...—* Preferred ........—100 26 Nov. 12 14*4 July 25 13*4 Nov. 9 70*4 Oct. 28 5554 Oct. 17 19*4 Jan 2*4 Jan lH ilH & Sale 3 31 28 19 Oct. 22 Aug. 30 Oct. 1254 Oct. 19 24 Sale ...100 5 July 197 13 44*4 Sale Sale 31 31 23 Sale - Jan 4 Mar. 7 Mar. 8*4 Mar. 4*4 Mar. 38 Mar. 34*4 Mar. 15*4 Jan 1*4 Jan 17*4 Jan 56 Sale Am Radiator & Stand San. 21 124 Oct. 6 Oct. 15 Jan. 14 17*4 Jan. 1754 Jan. 21*4 Nov. 2954 Nov. 28 May 14*4 Aug. Sale Sale 122 Sale 13*4. Jan 13*4 Jan 11*4 Jan Mar. 30 9 32 40 26 3 48*4 Jan 13 23 Jan 5 5*4 June 17 7*4 June 18 14*4 Sept. 26 28 May 11 4*4 Mar. 30 26 Sale Sale Sale Sale i 4 Jan Sale Sale Sale Sale Sale 24 193 Jan 61 Sale I7s% Sale 14*4 39*4 Jan 117*4 119*4 117 17*4 Sale 6*4 Sale 9*4 Sale 9*4 Sale 9*4 Sale 8*4 62 67*4 62*4 63*4 Sale 4*4 Sale 3*4 9 4*4 6*4 5*4 Sale 26 Sale Sale 500 5 Sale 20* Sale Light.—--—* 8,200 $6 1st preferred. 110,900 American Woolen..........* 148,300 Preferred 100 For footnotes 3 Sale" 9 8*4 Jan 173*4 Sale 170*4 Jan 12 13*4 11*4 Jan 11*4 Sale 11*4 Jan 9*4 Sale 8*4 Jan Sale Sale 24,500 20,600 American Snuff... 25 1,730 6% preferred ........100 841,600 68,100 7,700 92,600 29,900 25,800 595,800 92,300 250,000 23,250 235,800 3 Jan 6*4 Mar. 30 1254 14 X Mar. 31 24 16*4 M^r. 31 30 40 May 2 67*4 *4 Mar. 30 1*4 854 Mar. 31 1354 95 Apr. 16 125 *4 Mar. 31 1*4 6*4 June 17 17*4 52 — Preferred 4 10 15 Sale Sale 115 _ $6 preferred 17 20 Sale. 94*4 176 X 177 Sale 29 — $5 preferred Jan Jan Jan Jan Sale 2*4 Sale 18*4 7% 48,200 American Colortype —10 146,700 Am Com Alcohol ...20 153.800 Amer Crystal Sugar Co 10 5,120 6% 1st preferred -.100 221,600 Amer Encaustic Tiling. --1 4,200 Am European Securities-—-* 10 American Express Co..—100 436,700 Am & Foreign Power.. * 103,300 $7 preferred * 138,800 2d preferred A * 45,500 $6 preferred ---* 27,800 Am Hawaiian Steamship-—10 256,600 American Hide & Leather. 29,700 6% preferred. -—-50 50,400 Amer Home Products.....—1 64,100 American .Ice * 26,600 6% preferred 100 157,800 Amer Internat Corp. * 431,600 Amer Locomotive.— * 48,200 Preferred 100 198,100 Am Mach & Foundry 93,100 Amer Machine & Metals—.* 285,200 American Metal * 5,300 6% conv preferred -.100 17,280 American News Co new—...* Amer Power & 21*4 27*4 65*4 1*4 10 52 18 Sale * Chicle 26 Jan 3 64 132 * 20 June 41*4 60 ...25 28 4 25 Sale -—100 6 Jan *4 Jan Sale 49X Sale Jan 11 24 Sale 'H~~ Sale" 45 30 62 36*4 Feb. 4 119*4 July 19 12354 30*4 Mar. 23 45 31 9*4 Jan Sale Highest 27 26 !* Sale 8*4 Sale 9% 12 X Sale 854 57 6% preferred 1938 Sale Prices 61 Nov.. 17 39*4 Jan 8*4 Jan 26 13* Sale 159 X 6 Sale Prices 58*4 Jan. 1 4 54*4 Jan % Jan 53 160 Am Coal Co of Alleg Co N J 25 300 319,200 14*4 Sale 12*4 Sale 12% Sale 18% Sale 27X Sale 15 11 * Agric Chemlcal(Del) new* 10 YEAR Lowest Sale Prices 27 24 *4 Jan Sale American Bank Note Jan. Sale Sale Sale 26,0°0 American 829,300 70,300 82,800 110.400 24,860 800 Sale 11 49,200 Preferred 100 460,200 American Chain & Cable..-* 2,200 5% preferred... -100 83,400 3,200 9,300 3.000 2,010 53,200 3,600 2,600 45,800 6,900 17,700 2,200 13,700 13 Amerada Corp 1,150 3,700 Sale 18 236,300 American Can 18,600 Preferred 281,000 Amer Car & Foundry 110 ~6~, 300 Sale 1*4 Sale * preferred 55 57*4 Sale % Sale 9*4 Sale 120 *4 Sale 11*4 Sale 10*4 Sale Sale 12 X cum —50 199,900 b American Bosch Corp 1 132,500 Am Brake Shoe & Fdry ...—* 4,180 5 *4 ( conv preferred. .—100 1,142,300 185,200 23i,100 2,058,200 66.200 25,500 25 Sale 50 6% 8,440 1,380 92,900 22,800 21,500 144,000 120 1 Amalg'mLeatherCos.IncNewl Am Sale 11*4 Sale * Gold Min —10 . 180 7,300 6,400 19 Alpha Portland Cement Highest Sale Prices Sale 118*4 127 35*4 42*4 39*4 Sale 9*4 Sale 20 *4 2! *4 19*4 49 70,300 81,200 7,700 126,700 23,300 240,000 Ask 57 45 Sale 20 407,600 Allegheny Corp * 353,800 Pref series A $30 warr'ts. 100 59,600 Pref series A $40 warr'ts. 100 53,700 Pref series A $30 ex-war. 100 35,400 $2.50 prior conv pref 221.900 Alleghany Ludl'm Steel Corp* 50 Alleg & West RR 6% gtd__100 65,700 Allen Industries Inc 1 182,500 Allied Chem & Dye.. * 15,800 Allied Kid Co 5 138,800 Allied Mills Co Inc * 1,037,000 Allied Stores Corp.. * 23,200 5 Preferred 100 994,700 Allis Chalmers Mfg * Lowest 45 Sale 8*4 Sale * - RANGE FOR 130 43 54 70 Albany & Susquehanna..100 5,000 3,600 15,100 1,010 10,100 16,800 ~2~,666 58*4 * 692,600 Alaska Juneau 500 T,806 Adams Express Adams Millis Jan. 31 Ask Bid 37*4 II-I ~43*4 25 76.800 Air-Way Elec Appli Corp 3,000 6,400 14,000 1,400 32,700 5,500 36,900 Ask 37*4 100 ---* ... 3 57,900 Addressograph Multigraph 10 376,400 Air Reduction Inc * 3,000 23.800 3,300 25,600 22,900 2,700 3,200 2,400 41,300 Bid * 4*4 conv preferred Abraham & Straus... Acme Steel Co 760 19,400 342,100 13,800 1,200 25,000 IN JANUARY 1938 Jan. Shares 2,700 PRICES Jan. 3 N. Y. STOCK EXCHANGE 6 Dec. 31 4054 Dec. 31 1154 Jan. 18 19 Oct. 31 Jan. 11 11 17*4 Mar. 14 Oct. 27 Dec. 31 Aug. 6 Oct. 25 20*4 50*4 88*4 9154 52 Dec. 7 9*4 Nov. 14 16*4 Nov. 10 91 Aug. 1 754 July 19 45 Nov. 954 Oct. 9 17 July 25 42*4 Oct. 17 6454 Oct. 31 21 *4 Aug. 5 13*4 Oct. 19 43 EXCHANGE-STOCKS N. Y. STOCK STOCKS N. Y. STOCK 12 Months FOR RANGE IN JANUARY PRICES Price AGGREGATE SALES 1938 EXCHANGE Highest Loicest Loicest Highest Sale Prices Sale-prices Jan. 31 3 Jan. 1938 Bid Ask 11 Par Shares 12 X 20,500 Andes Copper Mining Co_^20 * 14,700 A P W Paper Co 24 * 31,300 Archer Daniels Mid Preferred 100 119 1,130 95 Armour (Del) 7% pref,—100 13,600 686,850 Armour of Illinois $6 convertible preferred...* 48,100 1,000 7% preferred 100 32"" * 264,300 Armstrong Cork Co 654 5 75,300 Arnold Constable Corp 354 95.000 Artloom Corporation— 160 7% preferred 100 1 371,100 Associated Dry Goods Sale 92 100 100 65 85 8ale 26 73 Jan. 23 ""853 77 Sale Jan. 26 Jan. 11,400 800 Belg Nat Rys part pref—1,530,400 Bendix Aviation Corp 5% preferred 79,400 7% preferred 59,200 55,600 Bigelow-Sanford Carpet 74,000 Black & Decker Mfg Co 364,800 Blaw-Knox 740 Bloomingdale Bros 1,140 Blumenthal & Co pref 1,678,000 Boeing Airplane Co Sale 2253 Sale 854 Pref ctfs of deposit 1,009,300 430 847,800 34,700 17,530 1,300 5% preferred... Copper & Zinc conv Butte Byers Co 63 64 Sale Sale 57 5 6 3 53 Jan. 353 2 53 Jan. 3 353 Jan. 254 Jan. 754 Sale 653 Jan. 1754 Sale 14 54 Sale Sale 653 Sale Sale Sale 10 Sale 2953 Sale 90 85 53 2053 Sale 1253 Sale 34 2953 1853 Sale 2054 Sale 1853 2853 754 7253 2954 1953 26 Jan. 55 Sale 7854 Sale 1753 Sale Sale 1754 854 1054 3054 24 14 31 23 28 5053 67 54 * 24 Jan. 34 26 1954 Jan. 2054 Jan. 3 11454 Jan. 4 2154 Mar. 1054 Mar. 26 3 9 Mar. 109 Apr. 1154 Mar. 115 67 Sept. Mar. 3054 Dec. 29 26 20 Jan. 12 28 55 3 854 1554 26 54 3954 1254 75 Mar. 11 26 80 26 18 Jan. 11 26 115 Jan. Jan. 7 24 3 19 Sept. 26 2854 Jan. 3 & 82 Mar. Apr. 40 Jan. Sale 2853 Sale 24 Sale Sale 105 Sale 104 Sale 51 32 Sale 27 253 2653 Sale 2 653 1554 3154 3953 Sale 753 13 53 Sale Sale Sale 43 Sale 2554 3454 43 53 153 853 Sale 1954 Sale 2253 26 853 1853 Sale 34 35 853 Sale 753 Sale 75 84 453 Sale 40 46 354 Sale 2653 Sale 1554 Sale 754 Sale 17 Sale 2 Sale * 100 1253 Sale 753 Sale 18 19 3 353 854 Sale 3054 3653 1554 Sale 19 Sale 4753 52 153 Sale 653 Sale 1054 Sale 1353 Sale 3753 48 753 Sale 29 454 3654 Sale 553 45 95 1053 9 Sale 92 "56" "62" 28 Sale 354 Sale 10253 954 13 6 653 453 653 95 Sale 3 11 44% Jan. 2 Jan. 20 26 954 Jan. 16 lly Sale Sale 17 54 Sale 3353 35 1153 1153 9653 653 1153 2754 May 554 Mar. 26 28 26 26 24 2454 Jan. 23 54 Jan. 1254 Jan. 1553 Jan. 154 Jan. 26 Sale 1454 Sale 17 54 Sale 153 Sale 4 26 26 30 5 654 Mar. 554 May 1654 Mar. Jan. 5 254 Mar. 13 54 Jan. Jan. 4 6 Mar. 11 20 Mar. 13 Mar. 26 29 53 Jan. 14 53 Jan. 26 Sale 1554 4953 154 6 53 Jan. Jan. Jan. Jan. 14 Jan. 17 Jan. 44 Jan. 4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 26 23 Sale 454 3153 654 4054 83 53 1853 3 53 Sale 82 Jan. 26 41 Sale 754 ^ Sale 8453 Sale 17 53 20 4* 11754 11953 12054 116 42 43 54 Sale 4754 Sale 10653 109 23 53 Sale 10553 107 20 Sale 95 90 94 Sale Sale Sale 70 17 68 2153 Sale 22 554 Sale Sale Sale Sale 5 92 3 453 Sale Sale 10753 1753 8954 1454 3:6654 Jna. Jan. 95 5 13 20 54 Jan. 18 Jan. Jan. Jan. Jan. 4254 Jan. 84 54 Jan. 2054 Jan. 3 54 Jan. 9454 Jan. 4 28 10 24 23 4454 6 54 3254 754 4 122 Jan. 5 17 5 4 1554 Mar. 45 1 554 854 1254 3754 Mar Mar. Mar. May Mar. 3 5 Apr. Mar. 31 21 May 9 4 Mar. 10 34 Mar 3 6354 Apr. 1254 June 254 Mar. 7 62 Mar. 26 98 Jan. 7 4 2954 Mar. 47 54 Jan. 5 9 107 54 Jan. 9 2454 Jan. 4 9 Jan. 6 82 1954 Jan. 4 July 1254 Dec. Jan. 5 46 2254 Jan. 554 Jan. 11 25 10054 Jan. Jan. Jan. Jan. 26 Jan. 26 Jan. 26 70 Jan. 26 354 Jan. 27 Jan. 6 954 Jan. 5 54 Jan. 454 Jan. 5 654 Dec. 3 4 21 110 Jan. 11053 111 7 Jan. 7 854 4 53 Jan. 453 453 453 Jan. 4 453 88 13 3 Jan. Jan. Jan. Jan. 18 4954 254 854 1754 26 3 17 54 Jan. Jan. 26 50 Sale 5 4 37 28 Sale 44 Sale 26 27 26 Sale 83 53 Sale 28 Jan. 35 Sale 32 53 654 1454 Mar. 154 Mar. 6 Sale 3354 853 Mar. 6 353 1053 3153 1553 Sale Mar. 12 54 Jan. 9 54 Jan. 2154 Jan. 28 44 Mar. 5 24 50 k 3 17 26 1553 Mar. Mar. 4 254 Jan. Jan. 17 54 Sale Mar. 1454 Jan. 1854 Jan. 754 Jan. 4954 Mar. Apr. 28 19 53 Jan. 3 53 Jan. 9 Jan. Mar. 28 28 Sale Sale 757 2i* 4 Sale 10 6 12 Jan. 754 2153 ,1153 5 5554 Jan. 554 Jan. 3254 Jan. 8 88 Jan. 4 94 3 Ill 24 28 5 12 90 Jan. 16* 19 Jan.10 2** Oct. 25 Aug. 24 Dec. 29 Mar. 1054 11 4 54 Jan. 6 Oct. 3654 1454 Nov. 29 Nov. 29 16 4253 Jan. 31 it* 19 Sale Sale Dec. 5254 Dec. 30 1454 Jpiy 19 1954 Jan.12 Mar. 18 Sale 453 11 3054 Oct. 107 Mar. Mar. Jan. Sale 48 July 25 3534 Dec. 29 Feb. 28 17 Mar. 1954 Jan. 3354 Jan. 1354 Jan. 1354 Jan. 965-4 Jan. 26 38 55* 154 354 554 *1654 II* 1254 Jan. 3 Nov. 10 11454 Nov. 12 2954 Oct. 17 Nov. 9 Nov. 12 Oct. 28 3754 Aug. 26 4054 Aug. 26 4254 Nov. 10 42 Jan. Jan. 96 5 Mar. 12 5 9953 554 Mar. 26 26 10 4 23 Jan. Sale Mar. 4 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale 85 31 Jan. Sale 954 5 53 453 6 153 85^2 1053 37 53 1553 3153 1053 154 110 Mar. 43 753 1453 69 4 36 Sale 1853 Jan. Sale 48 85 Dec. 27 Sale 51 Sale 116 4 33 3 Sale 9853 Sale 23 Jan. 39 54 Jan. Sale 353 Jan. 23 1754 1953 2 54 Jan. 2 24 28 38 June 15 May 1654 Mar. Jan. 17 53 91 3 37 48 Sale 20 Jan. 7 54 J an, 1554 Jan. 3154 Jan. Sale 654 3153 753 4054 11 1754 Jan. 32 12 954 May 9 14 54 Jan. 12 27 30 26 Sale 1854 10 10 Sale 43 4 Jan. Jan. 1254 17 54 Jan. 55 24 Sale Sale 4 23 109 Jan. Jan. 1253 Jan. 1653 Jan. 2453 Jan. 3 1153 Jan. 2253 Jan. 36 53 153 853 23 Sale 2054 354 Sale 14 96 753 Sale 5153 Sale 553 Sale 3254 Sale 2854 Sale 1453 Sale 1854 Sale 253 Sale 4 Sale Sale 253 Sale 25 27 153 953 Sale 1254 Sale 4053 Sale 1754 Sale 3153 Sale 1353 Sale 1153 Sale 80 9954 10053 Sale 0 90 20 14 21 a-2054 2254 Jan. Sale Sale 1953 1453 1954 Jan. 43 53 Jan. 2454 Jan. Sale June 37 3454 53,53 1254 17 53 Nov. 14 7854 Dec. 30 June 18 2254 Jan. 1754 Jan. 13 54 Dec. 56 19 27 Sale 21 May 23 26 26 Jan. 13 Mar. Jan. 26 13 19 11 Mar. 4354 Jan. 3454 Jan. Jan. 1753 Jan. Sale Sale 47 4 Mar. 1754 954 Mar. 1054 Mar. 1354 Apr. 22 Sale Sale 50 3 Jan. Jan. Sale Sale Jan. 25 26 1453 5253 1253 1653 July 5 2454 1953 3953 9 83 94 Sale 107 Oct. 4 Sale 8* 31 9 19 3054 Mar. 12 Dec. 20 117 Jan. 1954 Dec. 102 20 Sale Sale Apr. Apr. 19 Nov. 14 Jan. 2154 1653 4353 Apr. 9 Nov. 2154 July 854 Jan. 7354 Jan. 2954 Jan. 25 1653 43 54 2853 July 21 Juiy 19 Oct. 24 Oct. 20 21 16 7 Jan. 11 14 5 29 July 2354 1254 Mar. 19 6054 Jan. 1653 Jan. 2453 4653 Dec. 98 5 Jan. 106 54 Jan. 20 Jan. 12 Dec. 6 Dec. 5 Dec. 31 II* 36* Dec. 82 11 24 125 Sale Sale inc-Lead 4 Jan. Jan. Jan. Jan. Sale Sale 30 5 .--* Mar. 554 Mar. 2454 Dec. Jan. 17 89 100 10 Mar. 4 6 108 2353 --* * 1 * 1 5 5 4 20 Sale 654 554 3654 854 Mar. Sale 100 4 Jan. Sale Sale 2 I Mar. 29 1954 Jan. 113 14 Apr. Mar. 25 99 49 Sale 'Nov. 7 3 12654 Dec. 8 Nov. 14 1 ! Mar. 30 9853 Jan. 100 68 8 4854, Aug. 1 Jan. Jan. Jan. Jan. Jan. Jan. 87 54 Jan. 215i Jan. 13 Jan. 23 95 Nov. 29 95 Nov. 29 4454 Nov. 10 72 Jan. 14 30 Dec. 31 854 July 7 1454 Jan. 10 2754 Jan. 20 10954 Aug. 11 954 Jan. 10 June 5 Jan. Jan. 20 12253 121 753 853 753 7253 73 7553 Sale 2254 26 1853 1953 Sale 75 Jan. 7754 Dec. 13 1254 Nov. 12 75 Aug. 9 7354 Sept. 8 3954 Nov. 9 Mar. 29 26 114 Sale 120 Sale 11 Jan. Jan. 12 Jan. 12 Mar. 26 17 53 Jan. 18 113 Sale Mar. 30 Jan. Jan. Sale Sale 9953 2953 96 123 Apr. 5 19 3 16 19 3153 17 53 98 Mar. 31 853 Jan. 26 3053 1653 Sale Mar. 26 18 Jan. 1553 Jan. 1054 Jan. 3054 Jan. 15 5^ Jan. Sale Sale 114 Mar. 25 Jan. 86 83 Sale "18 U Mar. 31 Jan. 45 6 24 6654 26 127 653 26 3 454 24 353 24 3053 24 853 1253 Jan. 553 Jan. 654 Jan. 22 53 Jan. 8 Jan. 23 29 23 32 May 27 10 24 Jan. 122 22 Mar. 31 2353 Jan. 24 110 Jan. Sale 2453 1,720 35,600 61,000 200,200 10,060 309,800 4,300 832,600 7% prior preferred 100 6,400 * 114,200 Celotex Corp new 5% preferred 100 4,370 71,200 Central Aguirre Associates.* 1 376,000 Central Foundry Co 7.930 Central III Lt 454% pref..100 100 25,800 Central RR of N J 32,9u0 Central Vioieta Sugar Co..19 40. 44 Mar. 29 Jan. 4253 Jan. 6953 Jan. 3053 Jan. s'ale* 11* * * 1 Cop.5 Campbell W & C Foundry * Canada Dry Ging Ale 5 Canada Southern Ry Co..100 Canadian Pacific 25 Cannon Mills .__.* Capital Admin Co Ltd cl A..1 $3 preferred class A 10 Car Clinch F & Ohio Ry..l00 Carpenter Steel Co 5 Carriers & General Corp .1 Case (J I) Co.. 100 7% preferred 100 Caterpillar Tractor . * 5% preferred 100 Celanese Corp of America * For footnotes see page 753 Jan. Sale Sale Calumet & Hecla Cons Preferred Jan. 853 Sale * 450 11 3 54 29 Sale * 8,500 Century Ribbon Mills 654 Jan. 107 110 Sale Sale Sale 100 t 24 ""6K Sale preferred 5% preferred 2154 Jan. 4 Sale Byron Jackson Co Callahan 3 Jan. 654 8553 Calif Packing Corp.. Partic Jan. 15 44 126 97 Sale 177,500 g Brewing Corp of Amerlca--3 666,400 Bridgeport Brass Co 1* 973,000 Briggs Manufacturing * 21,000 Briggs & Stratton 5 50,100 Bristol-Myers Co 66,300 Brooklyn & Queens Transit. * $6 preferred --* 91,500 495,300 Bklyn-Manhattan Transit..* S6 preferred series A * 128,800 * 194,000 Brooklyn Union Gas * 7,400 Brown Shoe, Inc... -* 99,500 Brunswick-Balke-Coll 10 293,000 Bucyrus-Erie Co. 7% preferred —100 3,150 * 702,600 Budd (E G) Mfg. Preferred 7% 100 31,410 * 249,9^0 Budd Wheel Butler Brothers Jan. 122 Sale 6654 42 .5 671,450 Borg-Warner Corp 100 43,500 Boston & Maine. 47,500 Bower Roller Bearing Co—17 8,040 138,600 32,200 181,300 175,200 9,900 78,700 118,400 2,500 411,200 699,200 179,100 8 Jan. 20 45 44 43 Jan. Jan. 8 Sale 91 90 3153 Jan. 5954 Jan. 106 111 108 Dec. 28 Mar. 30 3 Sale 6254 Sale 23 53 Sale 6 54 754 1353 Sale 2253 Sale 11 May 12 21 9 18 26 26 26 26 Sale Sale Nov. 29 Mar. 29 Jan. 23 Jan. Sale 653 Mar. 3( 94 Jan. 90 30 Sale 91,000 Bohn Alum & Brass Corp...5 * 7,162 Bon Ami class A Class B_ * 12,380 27,200 Bond Stores Inc ...15 455,400 Borden Co (The) 244,000 Bulova Watch 91,300 Bullard Co 180,100 Burlington Mills Corp 395,000 Burroughs Add Mach 66,000 Bush Terminal Co tBush Term Bldgs— Sale Mar. 25 5253 Jan. 35 Jan. 34 67 h 1554 20 100 Inc * 5253 Jan. 3653 Sale 3353 9053 42 1053 112 5 54 50 3853 36 Sale 108,100 Beneficial Indus Loan Corp.* * 96,000 Best & Co 3,253,225 Bethlehem Steel Corp (Del) Apr. Jan. 70 5 3 90 Sale 28 * 60,700 Belding-Hemingway 70 95 90 25 * 50 20 7153 Sale 753 11 7053 65 Sale 35 100 Beech-Nut Packing Sale 91 Sale - 38,800 Beatrice Creamery $5 preferred w w 2,900 370 Beech Creek RR Co Sale 77 94 Sale 5 Mar. 31 1053 Jan. 7653 Jan. 1053 Jan. Sale 50 Mar. 26 58 Jan. Sale 10 * Jan. Jan. 26 12 8 52 % ft* 100 50 100 4553 Jan. 953 Jan. 9454 Jan. 31 5954 Dec. 29 13 Nov. 9 9 Dec. 21 Sale 345s 13 100 Mar. 19 Sale 65 Locomotive Works Jan. 954 it* Baldwin 65 5054 1053 1054 22,984 9 54 954 5% preferred 100 20 27,400 X Sale 25 391,900 Atlantic Refining 104 54 Sale 4% conv pref series A—100 19,400 754 Sale —5 370,700 Atlas Corp 41X 40 X 6% preferred 50 38,600 4254 Sale * 30,800 Atlas Powder Sale 105 5% preferred 100 2,500 Sale 25,800 Atlas Tack Corp 354 Sale * 96,600 tAuburn Automobile 254 39,900 Austin, Nichols & Co 18 $5 prior A * 6,860 3H Sale Aviation Corp (Del) The 3 839.100 Vtc when issued 1,139,400 1,240,700 Baltimore & Ohio— 4% preferred 309,300 15,000 Bangor & Aroostook 5% conv preferred 1,400 296,400 Barber Asphalt Corp 60,000 Barker Bros 554% preferred 5,680 <-j 958,000 Barnsdall Oil Co ! 118,900 Bayuk Cigar-Inc 1st preferred.. 1,400 72 4 65 Sale 75 Sale 36 72 66 2154 Sale OX 554 -* Mar. 28 Jan. 9053 54 Sale 82 40 70 52 Jan. Jan. 4 26 Sale 67 74 5% pref with warrants. 100 5% preferred ex-warr—100 100 993,300 Atchison Top & S Fe 124,400 5% preferred 100 100 266,700 Atlan Coast Line RR 510 10 Jan. 853 654 Sale 31 Jan. Jan. 47 53 57 X 11 Sale 70 Co.-* Lines 56 "&* 58 2,160 Atl G & W I SS 47 Sale Jan. 5 44 Sale 553 4553 2054 Oct. 17 4 54 July 7 8 1 3D, Aug. July 14 122 5i Oct. 19 Oct. 24 Mar. 30 10354 July 19 Mar. 26 Mar. 31 15 9 6 4 101 Sale 101 Sale 26 27 25 12154 Jan. 11853 I62" 6 Sale 28 24 Sale 28 >4 12154 10154 Jan. Jan. Jan. Jan. Sale Prices Prices : 1553 253 2953 4 121 54 30 10353 24 653 3 254 Sale 1153 Jan. 254 Jan. 2553 Jan. 15 13 Sale 1454 2% 26 "97"" Ask Ask Bid Bid 5 6f* 5,100 6% 1st preferred. 2,700 7% 2d preferred 10,500 Associated Investment 1938 YEAR t Jan. 3 Mar. 1854 Dec. 2 3 Mar. 9954 Apr. 20 o 7 Mar. 1* 88 Mar. Mar. Aug. Jan. 13 Nov. 25 23$ Oct. 14 41 Jan. 24 14 Oct. 24 13 Oct. 13 10054 Nov. 17 754 Dec 31 5454 Jan. 11 554 Oct. 19 39 29 July 25 Dec. 31 6 1654 Aug. 2254 July 25 354 Jan. 15 June 30 ! I July 24 5 July 19 19 Oct. 17 1554 Nov. 12 Nov. 10 July 25 II* II* Jan.11 Aug. 8 Jan.10 1054 Oct. 27 2054 Aug. 24 254 2154 July 22 4654 Nov. 15 42* Jan. 10 July 25 Aug. 3 Nov. 23 Jan. 17 86 2254 Nov. 10 4l* 454 Jan. 10754 July Aug. 120 58 July 10654 Dec. 2654 Nov. 96 Sept. 1954 Dec. July llY* 28 12 25 4 25 27 9 1 15 21 Jan. 3 554 July 25 nd* Nov. 30 July 25 854 Jan. 10 654 July 25 104 Apr. 2 AGGREGATE SALES 460 7,100 79,500 1,400 14,700 97,500 860,300 11,700 5,200 . 2,030 80,900 500 26 Sale _100 Co 100 103 J* Sale 6% prior preferred hampion Paper & Fibre 14.110 6% preferred 42 H 33 % 73,820 60,900 Chic Mil St Paul & 128,500 174,400 210,800 1,600 Prior pref 2,800 3,100 2,300 1 ii * * divs) .* $3 conv preferred ($2.50 cum A* Sale Sale 100 Ihicago Pneum Tool 7,200 43,900 44,000 43,700 300 1H 3H Ih 100 .100 Preferred 38,800 269,000 19.200 90 K Pacific.* 5% preferred Chicago & North West. Sale 2 100 Chicago Great Western.-100 4% preferred 100 Ihlcago Mail Order Co 5 78,900 Sale Sale Sale Sale Sale 30 26 57.500 35* Sale 60 229,520 3,070 4,880,300 110 301,200 8,200 1,600 36 M 335* 125* 485* 26 22 June 385* 24 88 Jan. 4 14 4 70 Apr. Dec. Mar. Aug. Sept. Mar. Nov. Dec. Dec. 89 5* 15* 5* 2 5* 85* 5* 5* 5* 5* 25* 25* 115* 5* 5* 5* 25* 165* 35J* 455* 5* 15* 15* 85* Sale 50 Sale 135* 135* Sale 35 83 Sale Sale 62 785* 76 52 80 Sale Sale 26 9 Jan. 30 13 3 35* Jan. 5* Jan. 35* Jan. 4 28 24 125* Jan. 5* Jan. 15* Jan. 3 25* Jan. 28 35* Jan. 2 24 20 5* Jan. 37 5* Jan. Jan. 48 6 22 30 85* Jan. 125* Jan. 95* Jan. 30 Jan. 13 Jan. 1 26 Jan. 26 5* 15* 15* 85* 145* 135* 26 33 665* Jan. .26 95* Jan. 24 84 26 23 Jan. 47 Dec. 3 13 5 5* Dec. Jan. Jan. Jan. Jan. Jan. 5 35* Jan. 185* Jan. 23 26 lO 19 5 10 10 22 29 14 3 105* Jan. 805* Jan. 3 11 5 9 12 45* Jan. 245* J^n. 79 7 10 Jan. 5* Jan. 15* Jan. 55* July 195* Dec. 395* Nov. 375* June 5* Dec. Jan. 1 16 23 a 10 3 5 Jan. 1 35 1 Mar. Jan. Jan. 15* Feb. July 15* Jan. 55* Jan. 155* July 5* Mar. 2o 3 4 Nov. 12 July 20 Mar. 2 Jan. 17 Jan. 5 4 Mar. Jan. 345* Jan. 455* Jan. 5* Jan Sale Nov. 17 12 Mar. 3 5* Mar. 15* Jan. July 25* Jan. 125* Jan. 195* July 135* Nov. 25 20 51 1 8 Mar. 7 12 12 26 14 Oct. 15 885* Nov. 9 135* Jan. 12 May 355* Mar. 75* Sept. 59 Jan. 80 Dec. 30 54 2 Mar. Mar. 60 Feb. 28 55* Nov. 9 275* Oct. 19 75 Mar. 26 105* Mar. 70 69 70 June 94 28 15 Sale 105* 80 805* 475* 62 35* 35* 205* Sale 62 45* 225* 4 4 47 5* 5* Jan. 5* Jan. 5* Jan. 10 Sale 19 3 Sale Sale 5* Sale 3 Sale 375* 48 Sale Sale Sale 95* 13 31 Jan. 8 195* Jan. 31 Jan. 86 Jan. 5* Jan, 25* Jan. ys Jan. 25* Jan. 11 Jan. 735* 10 66 3 17>* 125* 105* Sale 33 68 76,400 45,800 2,800 Sale 115* Sale 230 3,000 Dec. 385* 100 6^2% preferred June 20 Sale 47 ity Ice & Fuel 87,100 9,400 May- 6 5 4 Sale 5 hrysler Corp 18 18 245* Jan. 395* Jan. 15* Sale 95* 85*. 9,400 100 4,400 10,400 Mar. Sale 85* Sale Sale 88 5* 25* 215* 345* 875* Sale 100 100 7% preferred 6% preferred 6 106 25 1015* Jan. Jan. 27 30 27 85* Jan. Sale 15* Oct. 995* Jan. 235* Jan. 35* 36 15 22 46 100 35* Sale 125* Sale 5* Sale 3 595* Oct. 125* Oct. 265* Mar. 29 45* Mar. 3C 175* Mar. 31 97 Sale 195* 5 52J* Jan. 13 Jan. Jan. 26 26 27 Sale 47 100 Chic Rock Isl & Pac Sale 1 Highest Sale Prices 395* Jan. 95* Jan. 375* Jan. 7 895* 5* 35* Lowest Sale Prices Sale Sale Sale 10 Sale 87 Highest Sale Prices 265* Sale 30 235* 385* 89 6% preferred 31,200 1,900 8,900 4,100 4,700 11,400 7,600 17,200 3,200 20,900 1938 Lowest Ask 5* 105* 415* 1015* 1025* 85* 100 Preferred series A 42 'Sale 42 Sale 28 * Common Bid 505* Sale 115* Sale Sale 65* Sale ' As Bid 36 }A 46,420 YEAR FOR Sale Prices Jan. 31 3 Jan. Ask Bid Par 3,800 RANGE JANUARY 1938 428,700 432,700 30,000 52,900 4,640 IN Jan. 3 Shares Shares PRICES Price STOCKS 12 Months 1938 In January 33 STOCK EXCHANGE-STOCKS N. Y. FEB., 1939] Nov. 106 Apr. 20 7,640 Cleve Elec 111 $4.50 ser 56,800 800 3,200 Special gtd 4% stock.---50 369,000 Climax Molybdenum Co 90 20 30,400 208,400 Preferred 1,870 93,300 Coca-Cola Co (The). Class A._ — 13,500 59,700 80 5,600 1,900 _ _ 24,800 1,300 6,800 800 ^ 550 850 310 * 113 675* 68 21 Sale 125* 155* 30 Sale 98 —100 5% preferred Sale Sale Sale 85* Sale 95 955* Co-_* -—100 203,000 Collins & Aikman 3,650 Sale * Corp 6% preferred 22,000 375* 14 111 .100 523,300 Colgate-Palmolive-Pect Co Fuel & Iron Corp. 250 Colonial Beacon Oil „ 10,700 ;rnat 10 ' _ 82 260 30 _ pref-. 94,010 Colorado 13,300 Colorado & Southern.100 4% 1st preferred— 100 11,709 4% 2d preferred -.100 2.480 Broadcasting System Inc class A 85* 75* 2.50 Class B 8 2.50 Sale 10 95* Columbia 8,200 6,100 4,100 6,400 800 258,400 5,300 300 36,900 900 33,800 700 221,800 202,600 28,900 114,500 6,900 14,300 330 48,300 2,100 60 580 J 3,600 7,400 316,720 17,400 5,000 86,200 3,500 3,300 118,670 39,700 - 67 Sale -10 374,100 Commercial Credit 4M% conv preferred 100 6,000 370.900 Comm'l Investment Trust--* * 75* Sale 6 85* 175* Sale 75* Sale 34,900 8,400 17,800 200 5% conv 800 14,800 30,600 1,220 65,100 1,400 290 7,900 310 20 120 15,600 2,000 1,000 6,000 200 1 5 Sale 75* Jan. Jan. Dec. Mar. Mar. Jan. 45 Feb. 26 605* Jan. 26 295* Jan. 5 1285* Jan. 26 133 Jan. 7 605* Jan. 7J* 195* 55* 27 Mar. 145* Jan. Jan. 365* Jan. 19 106 Jan. Jan. Jan. 23 7 65* Jan. 55* Jan. 24 155* Jan. 28 Sale 155*. Jan. 28 86 835* Jan. 30 93 Jan. 155* 295* 85* 805* Jan. Jan. Jan. Jan. Jan. Sale 83 Saie 125* 265* 75* Sale 11 Jan. 28 31 Sale Sale Jan. Jan. Jan. Jan. 26 75 y8 72 • 265* 65* 745* 625* 46 2 Sale 1075* 86 Sale Sale Sale Sale Sale * * --* — * 100 4lA% pref 100 1025* Sale 6 75* 75* Jan. 245* Jan. 3 215* Sale 75* Sale 76 835* l°A 78 Sale 15* 105* Sale 315* 1035* Sale Sale 55* Sale 85*, 25* Sale 25* 55* Jan. 185* Jan. 65* Jan. 26 Jan. 12 11 86 25 Jan. 24 295* Jan. 1015* Jan. 55* Jan. 13 13 125* Jan. 26 Sale 16 Jan. 26 92 Sale 94 Jan. Oct. 28 Mar. May 11 Apr. Sale 86 Sale 435* 91 Jan. 12 Jan. 12 Apr. 18 May 27 Nov. Oct. 14 Mar. 26 July July July 27 16 25 615* Jan. 1745* Jan. 35* Jan . 29 Jan. Ill Jan. 2 105* Jan. 345* Jan. Jan. June 17 ' Mar. 30 ; Mar. 30 Mar. 26 July 26 Jan. 12 26 665* Jan. 1 1 Oct. 6 Dec. 1 26 4 26 1765* Jan. 26 45* Jan. 38 Jan. 26 12 110 29 3 265* Jan. 85* Jan. 31 Jan. 27 Jan. 23 26 Apr. Apr. Apr. 12 ' Mar. 26 Jan. Mar. 31 Jan. i Mar. 5 i Mar. 31 [ Mar.30 Apr. 13 385* 36 37 335* Jan. 3 Jan. 24 145* Jan. 855* Jan. 345* Jan. 28 91 Jan. Mar. Sale 335* 135* 875* 405* 26 475* Jan. Sale 81 Jan. 24 96 45* Jan. 35* Jan. 26 6 [ Mar. Apr. i Mar. 65* 55* Sale 895* Sale 87 55* 12 82 28 35 Jan. Jan. Jan. Sale 4 Sale 57 Jan. 16 Sale 145* 55* 415* Sale 135* Jan. 26 Sale 55* Jan. 24 45* Jan. 655* Jan. 16 Jan. 65* Jan. Sale 40 Jan. 26 48 Sale 55* Jan. 215* Jan. 745* Jan. 24 24 83 75* 255* 745* 75* Jan. 285* Jan. 745* Jan. 485*. 43 Jan. 24 Sale Sale Sale Sale Sale 7 18 Sale 205* 55* 17 75* 1105* 1105* Sale 65 Sale 775* 60 45 Sale" Sale Sale Sale 185* 55* 165* 65* 110 Jan. Jan. Jan. Jan. Jan. 6 46 31 Jan. 105* Jan. 415* Jan. 385* Jan. 35 Sale 3 I May 26 Jan. Jan. 335* 7 Mar. 19 Mar. 31 Jan. 49 40 13 Jan. 315* Jan. 295* Jan. 545* Jan. 21 Sale 13 July Sept. 14 June 30 265* Jan, Sale Oct. Mar. 30 Nov. 9 ; July 26 NOV. 12 Dec. 31 Sale Sale Mar. 30 5 Sale Sale Apr. 16 9 [ Mar. 30 24 109 17 Jan. Saie 95* 1 Oct. Nov. 44 Sale 275* Dec. Mar. 31 Mar. 26 6 1155* Jan. 28 26 106 19 24 26 24 Sale Oct. Jan. 28 Sale Nov. 14 Mar. 29 Jan. 265* 95* 415* 385* 335* 145* 6 Sept.17 Mar. 29 i Mar. 31 Jan. Sale 28 Nov. 25 Jan. 3 325* Oct. July 23 945* Jan. 26 Sale 505* Sale 635* Sale 176 1765* 170 Sale 45* Sale Dec. 30 Dec. 26 35* 275* Sale Aug. 23 1 Mar. 29 Jan. 15* Jan. 32 85* 107 5* 27 Mar. 89 Sale i?* Oct. 955* Jan. 165* Jan. 205* Jan. Sale Sale 235* 29 Mar. Jan. 135* Jan. 135* 185* 15* 4* Oct. 28 July Jan. 15 135* Sale Nov. 10 Mar. Mar. Dec. 31 Jan. 44 Nov. 21 Aug. 17 28 3 Jan. 65* 45* 655* 155* 55* 475* 75* 285* 745* 27 Mar. Mar. 1 Jan. 94 5* Sale Oct. Nov. 10 o 25* Jan. 95 Sale Oct. Mar. Mar. 26 26 8 45* May May 17 15 Jan. £ 8 4 38 665*. 19 Oct. Apr. Jan. 9 Sale Sale Sale July Jan. Jan. Jan. Jan. Jan. Jan. Jan. 25* 105* 335* 1035* 65* 95* 35* 35* Sale Sale Nov. Jan. Jan. 77 825* Jan. 153 Jan. 76 Sale 935* 9 Mar. 255* Jan. 85* Jan. 24 35* Sale 19 19 25 Dec. Mar. Jan. 8 3 113 53 Apr. Mar. 29 Sale 17 965* July July July Mar. Mar. 85* Jan. 305* Jan. 27 Sale 176 Mar. 8 Sale 105* Sare Sale Sale 6 Sale 345* 35* 315* 275* Sale Sale 85* 265* Sale i 29 Sale 72 395* 435* Sale 1125* 1135* 1145* Sale Sale 3 13 lo* Apr. 57 Jan. 46 Jan. 26 505* Sale 1055* Jan. 10 1075* Jan. 1085* 1065* 60 Jan. Sale 495* Jan. 27 545* Sale" 1115* 107 5* Jan. 11 1095* Jan. 1095* 107 9 125* Jan. Sale 105* Jan. 115* Sale 3 2 Jan. Sale 153 Jan. 15* Sale 54 5* Jzn. 3 Sale Sale 49 455* Jan. Sale 265* Jan. 25 275* Jan. 275* Sale Sale. Sale 8 Sale Sale 85* 85* 755* 78 925* Sale 13 Jan. Sale 75* 295* 65* 55* 255* 165* 195* 235* Nov. 10 85* Jan. 12 Jan. 10 June 30 235* Jan. 13 Sale 1085* 115* 15* 8 Feb. 29 Mar. Mar. 175* Jan. 165* Jan. 75* Sale 65 Nov. 10 8 1045* Dec. 395* Oct. 18 1075* Nov. 15 June 95* Jan. 753 Jan. 5 6 93 Sale Nov. 30 June 28 155* 155* 305* 17 May 26 Sale Sale 129 1425* Aug. 3 615* Nov. 12 May 5 976 Mar. 30 104 Jan. 27 18 605* Nov. 7 255* July 22 July May Jan. 165* Jan. Sale Sale 55* 115 Mar. Jan. 165* 165* 110 3,260 Dayton Pr & Pt 95* * Class A 1,202,800 1,230 Cushmans Sons S8 preferred 1,030 * 188,100 Cutler-Hammer Inc 5 22,700 Davega Stores Corp Conv 5% preferred 25 10,000 73,720 Davison Chem Corp (The)--l 40. Sale 94 * --1 1 7% pref..100 page 65* 35* 145* Preferred 95,400 2,808,400 Curtiss Wright Corp see Sale 25 Preferred 76 42 3 Jan. 24 15 50 215* 3 50 62,700 Cudahy Packing 210,300 Curtis Publishing Co (The).* For footnotes 107 20 65*. Sale 95* Sale Crown Zellerbach Corp 5 $5 conv pref * 9,240 100 469,800 Crucible Steel of Amer Preferred 100 10,300 17,130 Cuba RR 6% preferred.__ 100 10 170,400 Cuban American Sugar 7,210 105 15* 1054 315* 464,450 6,300 13,400 8,600 310,300 73,500 July 1000 100 Preferred ex-warrants Jan. Jan. 115-6 135* Sale 1015* 1025* 102 25 285* Sale 105 1045* 106 ctfs 67,400 Crosley Corp (The) 338,000 Crown Cork & Seal $2.25 conv pref w w 6,500 Aug. 31 305* Nov. 9 75 50 1000 preferred Cream of Wheat Mar. 23 42 ~54~" Sale" 145* Sale 1025* 103 355* Sale 38 Carne Co 245* Jan. 745* Jan. 3 1145* Jan. 28 285* Jan. 235* Jan. 255* Sale 255*- Sale 1275* Jan. 1275* 1285* 132 Sale Sale Jan. 125 131 1315* 58 Jan. 60 60 615* 595* 102 60.250 Continental Steel Corp 15,610 Corn Exch Bank Trust Co. -20 212,400 Corn Prod Refining---_---25 Preferred 100 6,200 -1 213,100 Coty Inc 41,200 Jan. 111 127 84 Inc 572,400 Continental Motors 700,200 Continental Oil of Del 847,100 Sale 275* 5 -* 71,800 Consol RR of Cuba 6% pf-100 63,200 Consolidation Coal Co vtc.25 3,500 60 60 --- 6,000 Congress Cigar 4,000 Conn Ry&Ltg4}*% pref. 100 1 692,100 Consol Aircraft Corp. -49,600 Consolidated Cigar 990 7% preferred J00 6M% prior pref-. 100 6,850 -1 60,200 Consol Film Industry 7,500 765* 1075* 855* 93 75* Sale 15* Sale 395* Sale $4.25 conv pref ser of '35—* 9,400 935,300 Commercial Solvents 2.148,300 Commonwealth & Southern $6 preferred - - - 201,700 528.800 Commonwealth Edison Co-25 20 336,350 Continental Can — — $4.50 preferred 15,700 95,700 Continental Diamond Fibre 5 158,200 Continental Insurance..2.50 21,100 55,000 26 75 rl» 28,600 1,100 5,700 13,400 345,50 32,900 6,500 2,210 13,700 900 24 77 Sale" 57 1,400 19.700 17,600 Sale 285* 705* 50 5% preferred v t c -100 35,000 7,300 Consumers Pow Co $4.50 pf-* 373,400 Container Corp of America_20 * 541,200 Continental Bak cl A Class B 318,800 8% preferred 100 28,400 300 1,400 17,700 114 29 2,181,700 Columbia G & El common..* 6% pref series A 100 41,000 1,600 5% preferred " ~1 ? $2 partic preferred. 77,900 2,249,w3v/ Consol Edison Co of N Y $5 preferred 112,200 94,600 Consol Laundries Corp 1,294, J 00 Consolidated Oil Corp 113 111 15 175* Sale 175* "Sele * 51,800 Columbian Carbon v t c 149,600 Columbia Pictures Corp vtc_ * $2.75 conv pref -9,600 25,800 Conte-Nast Publications 196,600 Congoleum-Mairn Inc Sale 42 105>4 107 205* Sale » Apr. I Mar. 1 29 29 31 8 31 Mar. 29 j May 31 May 25 i Mar. 31 June Jan. l 8 Mar. 30 1 Mar. 30 [ Jan. 11 Mar. 31 Jan. 26 245* Jan. 28 65* Jan. I Mar. 31 J Mar. 29 Jan. r Mar. 29 28 28 17 85* Jan. 5 111 Jan. . > 25 Nov. 10 I I ; i ; ; Nov. 10 Oct. 8 Nov. 12 Nov. 10 July 7 Nov. 12 Nov. 15 i Nov. 14 I Nov. 9 i Nov. 16 [ Jan. 11 Jan. 17 i Feb. 7 ; July 14 s J an. 3 | July 18 Aug. 11 Aug. 10 I Dec. 30 ; Nov. 16 Oct. Nov. 25 5 ; Nov. 9 ; July 20 Dec. 20 June July 29 Jan. Dec. 6 34 N. Y. STOCK AGGREGATESALES i - January J Shares 65,900 3,600 1,500 57,100 42,500 1,600 2,100 2,950 6,200 3,100 4,100 22,600 700 1,600 970 5,200 22,800 1,200 163,700 7,700 4,700 300 700 28,900 500 40 Shares Par 1,699,400 61,200 25,400 554,600 468,500 27,000 32,500 35,640 59,400 32,70) 95,200 320,100 15,600 18,250 7,350 80,800 280,900 18,400 1,600,500 89,400 195,400 5,600 310 450 6,410 100 17,800 7,100 46,100 122,900 Deere & Co Preferred Ask * 20 Bid 20* 24* 24* Etelaware & Hudson 100 Bale Del Lack & Western 50 Sale 8 tDenver Rio Gr & Wes prf 100 Sale Detroit Edison 100 1 * 113* 30* 30* Sale 13 Sale 12,600 27,700 1,200 360 25,900 4,100 2,700 210 200 22~205 2,700 3,300 2,200 1,300 9,900 20 16,100 4,000 18,800 58,200 1,000 1,700 4,400 3,900 12* 34* 86 Sale Sale 33 Sale IF Sale 17* Sale Sale 32 Sale 78* 132* Sale Dixie-Vortex Co * 16* * 35 * * 19* .—* 6* 6* 38* Sale Class A Doehler Die Casting Co Dome Mines, Ltd Dominion Stores Ltd Douglas Aircraft Go Inc..--* Dow Chemical Co * 90 Sale 18 21 42 Sale Sale Sale 8* Sale 6 Sale _—* Dunhill International 1 Duplan Silk * 100 8% 'preferred Du Pont de Nem & Co (El).20 6% non-voting deben--100 $4.50 preferred ---* Duquesne Light 5% 1st pf 100 — iF 3 13 . 19* 9* 16* 11* Sale Sale 12 115 Sale 138 Sale 146* 137* Sale 119 123 118 112 Ill* Sale , 110 116* 117* 117* 118 16* Sale 13* Sale Sale 184 Sale 174 100 4 * (The).—5 153 159 1753 253 3* Sale 179 Sale 23 Sale Sale 34* 15* Sale Sale 2* 30* 12* 3 16 Sale Sale 3* 15* Sale 8* Sale — Light $7 preferred 291,900 121,700 $6 preferred 63,100 Elec Storage Battery 29,200 Elk Horn Coal Corp 169,600 El Paso Natural Gas Co * -—* * * * 3 50 12,000 Endicott-Johnson 5% preferred 980.100 Engineers Pub Service 17,000 $5 14.350 $5.50 preferred w w $6 cum preferred preferred 133,500 Equitable Office Bldg 247,100 Erie Railroad 157,300 4% 1st preferred 63,600 4% 2d preferred 100 1 * * * 100 5 5 Evans Products Co Ex-Cell-O Corp Exchange Buffet Corp.. 8% pref 3 * 100 * 203,100 Fairbanks Morse & Co 87,900 Fajardo Sug Co Porto Rico.20 34,000 Federal Light & Traction--15 6 preferred 2,320 * 6,800 Federal Mining & Smelt—100 100 Preferred Motor Truck— 41,800 Federal Screw Works 36 Sale 33 Sale 26* Sale 7* Sale * * * 76,600 Federal Water Service A 52,400 Federated Departm't Stores.* 14,200 4*% preferred 100 118,700 Fidelity Phenlx Fire Ins.2.50 240 Filene's (Wm) Sons Co * 250,200 Firestone Tire & Rubber—10 27,200 6% preferred series A 100 101,300 First National Stores--—-—* 786,400 Fllntkote Co (The) -—* 31,600 Florence Stove Co * "18" Sale 34* Sale 102* 104 4* Sale 44 46 48* 55 54 62 2* 6* 9* Sale 7 Sale Sale 19,900 17,000 140 3,000 36,700 5,100 1,300 2,600 230 236,800 32,200 2,900 17,100 8,000 36,500 General Cigar Inc Preferred (7)--— 3,050 3,339,300 General Electric 449,400 General Foods.. 700 422,900 5,400 700 8,600 6,600 180 3,900 19,200 110 18,700 2,600 22.900 3,220 7,300 1,300 30",200 1 30,800 2,800 * 100 13 Sale Sale 43 Sale 28* Sale 28* 8* 30 11 74 70 105 60 94 2* Sale 3 3* 1* Sale 16 Sale 68* 28 19 89* 69* . Sale 30 Sale 91 28 Sale 16 Sale 25 29 21 680 $6 conv preferred A--- * 12,000 Gen Time Instrum Corp-.--* 190 6% preferred 100 375,800 General Tire & Rubber Co—5 457,300 Gillette Safety Razor—..—5 For footnotes see page conv 40. 14* Sale 56 76 3* Sale 40 46 22* Sale 2 Sale 3* Sale 13* Sale 13* 16* 85 89* 6* Sale preferred————* 13 81 107 97 95 Sale Sale 121* Sale Sale 21 73 Sale 120' 14* 84* 115 m FOR YEAR 1938 5* Jan. 171 Sale Sale Sale 2* 10* Sale 2 36 90 2* 33* Sale 30 Jan. 24 29 Sale 29 Jan. 24 1* Jan. 24 4* Sale 10* Sale 21* Sale 2 1* 5* 5* 38* Sale Sale 16 31* 4 Jan. 3 86 Jan. 12 12* 35* 22* 33* Jan. Jan. Jan. 16 3 Jan. 6 6 20* Jan. 10* Jan. 19* Jan. 12 115 9 24 26 25 Jan. 19 Jan. 17 Jan. 12 Jan. 16 3 Jan. 14 Jan. Jan. Jan. 30 18 23 Jan. 23 5 13 5 3 Jan. 4 186* Jan. 5 Jan. 25 Jan. Jan. Jan. 5 4 Jan. 4 Jan. 5 IF 9* Sale 140 Sale 11* Sale Sale 23* Sale 130 43* Sale 39* Sale Sale 4 28 102 4 Jan. 3 13* Nov. 28 a* 9* Jan. 18* Jan. 1* Jan. 5* Jan. 27 26 35 26 Jan. 26 28 Jan. 157 10* Mar. 2 Mar. 13* Mar. 6 Mar. 5 Mar. 31 19 17 Feb. 7 33 Apr. 30 3 94" " 20 8 iffi. 20 38* Mar! 6 26 3* 1* 25* 88* 34* 18* 24* 101* 4 5 1* 1* 2* 1* Dec. Dec. Mar. Dec. 20 16 30 22 6 3 3 80 2* 40 ,24* 1* 23* Jan. 26 86* 32* 18* 19* 99* 41* 24* Jan. 3 27 Jan. Jan. Jan. Jan. Jan. 32 30 Jan. 18* 16 Sale 17* Jan. 2* Jan. 30 Sale 29 26 24* Sale 101* Sale Sale iF 69 17 23 67 16 52* 5 5 4 23 20 Jan. 26 31* Jan. 36 26 2* Jan. 26 30 55 24* Jan. 28 30 1* 3* 10* 11* 95* 5* 16* 48* 24 Sale 17 Sale Sale 45 Jan. 7 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 26 26 11 85 5 11 6 50 Jan. 3 2* Jan. 5 4 3 Jan. 3 3 28 96* Jan. 7* Jan. 18* Jan. 17 85 52 Jan. 9 Jan. 26 100* Jan. 27 60* Jan. 17 3 26 26 Jan. 18 24 9* Jan. 136* Jan. 4- Jan. 7 5 3 31 4 26 18 Jan. 4 28 35 3 68 Jan. 31 75 Jan. Jan. 21* 125* 37* 36* Jan. Jan. Jan. 28 25* Jan. 6 31 130 Jan. 26 44* Jan. 5 114 Jan. * Jan. 75* 72* 127* 124 Sale 42* Sale 123* 35* 34 Sale 5* Sale 8* 108 Sale Sale 90 Sale 18* Sale Sale Sale 15 27 40 Jan. 3 117 Jan. 13 1* Jan. 4 5 Sept. 27 July 15 4* Mar. 31 Jan. 26 78 Jan. 3 5 127 Jan. 27 26 51 Jan. 3 125* Jan. 26 36 Jan. 13 23 2* Mar. 31 5* Mar. 31 Mar. 30 Mar. 30 11 27* Mar. 31 1 25' Mar. June Mar. Mar. 50*JJan. 118 Jan. 30 28 30 25 3 4 6* 10* 11 107* 27 1 * Jan. Jan. 5 3 6* Mar. 29 Jan. Jan. 5 20 27 28 Jab. 5 Jan. 3 90 Jan. 1* Jan. 17* Jan. 3 3 101* Apr. 9 1* Dec. 28 12* Mar. 30 Z85 Sept. 15 24 Jan. Jan. Jan. 106* Jan. 1* Jan. 19* Jan. 90 29 Jan. 23* Jan. 12* Jan. 13* Jan. 28 26 24 27 25 27 27 5 27 Sale 19* Jan. 6* Jan. 26 27 Sale 44 26 Jan. 11 Oct. 17 17 IF 29^ 72* 79* 2* 6* 8* ol* July 2 Nov. 10 Nov. 16 Nov. 12 16 Dec. 19 26 11 Jan. Jan. 3 Jan. 27 Dec. 29 25 Nov. 12 Dec. 31 Oct. 22 Oct. 15 Nov. 10 Nov. 7 May 19 Aug. 10 July 25 July 1 Oct. Oct. i2o^ IF 20 Oct. 24 Nov. 10 Nov. 10 Dec. 31 Oct. 17 Jan. 91 Nov. 26 12 2 32 Nov. ♦ Sept. 3 Oct. 18 18 97 25 July Jnly July 7 20 Dec. 16 19 8* Oct. 27 19* Nov. 9 52 Sept. 29 5* July 25 Oct. 27 19* 38* Nov. 10 48 Nov. 7 Feb. 23 Nov. 12 Nov. 10 9 Nov. 25 Oct. 17 Nov. 10 Dec. 15 40* Nov. 117* 50 79 125 lP Aug. 45 July 22 9* July 23 July 22 ilF Nov. 10 July Mar. 25 Mar. 31 4 8* Mar. 23 9 14* May 23 98 9 7 P Nov. 12 Nov. 95 34 1 3 Nov. 12 Nov. 3 13 4 5 5* Jan. 58 4 3 14 Oct. 115 Nov. 14 32* Jan. 15* Jan. 16* Jan. 20 2 Jan. 13* Mar. 29 15* Mar. 31 24* Jan. 8* Jan. 51* Jan. 6 18 Oct. 25 4 5 6 Dec. 30 Jan. 41 19 27 Oct. July 2* July 26* Oct. 41* Nov. 1 * Jan. 20* Jan. 10 28 Jan. Oct. 87 28 20* Mar. 31 108* Apr, 1 130 35 25* Mar. 31 111* Apr. 25 21* Mar. 30 4 Mar. 31 Jan. Jan. Jan. 9* Nov. 10 7 Mar. 29 102* Dec. Mar. 29 59* Dec. 30 11* July 27 6* Mar. 31 Oct. 6 115 Apr. 22 136 5 Jan. 4 14 46* Oct. 29 22| 41 Dec. 22 Dec. 30 July 25 Dec. 15 Dec. 31 82 108! 99* Sale Mar. 10 4* Mar. 29 13 48 4 3 Jan. Mar. 30 9* Mar. 26 12 Jan. Nov. 10 * Mar. 29 10 5 17* Dec. 19 2* Mar. 31 Jan. Jan. 39 1 Jan. 13 43 Mar. 29 Apr. 13 19* Mar. 30 13 3 7 2* Mar. 31 25 14 27 31 7 10 Oct. 4* Oct. 22 Mar. 29 37* Nov. 14 Mar. 25 109* Nov. 12 Mar. 31 29* Oct. 28 18 13 19 19 Dec. 1* Mar. 26 5 27 24 1 Apr. 14 Mar. 26 June 13 9 July July Jan. Mar. 30 26 J an. Jan. June 16* Mar. 31 76 Apr. 25* Jan. Sale 15 9 5 5 ?F 12* Mar, 31 2* Mar. 30 11* May 27 43 May 31 35* 16* Mar. 30 84* Apr. 11 Apr. 5 133 Feb. 2 99* Mar. 30 5* 4* Mar. 30 2* Sept. 14 29 Mar. 30 Jan. 4 90* Mar. 30 136* 9 31 Sale Sale 46 18* 3* 35* 108* 29* 90* 3 Sale Sale Sale 1 12* 67* 22* 4 27 2*» 1 * 31 46 26 45 3 Jan. Jan. 3 4 Jan. Jan. 16 12 Jan. 117 Sale 19 80 106* Jan. 7 18 22 Sale Sale 126 124* Sale 50* Sale 46* 124 123* Sale 38 33 34* 6* 6* 6* 10* Sale 8* 107* 107* Sale" 1* 26* Sale 23* Sale 90 86* 1* Sale 1* 19* Sale 17* 40* Sale 32* 30* Sale 26* 15 14* 12* 17 15* 14* 99* 21 > "23* Sale 23 27 6 Jan. 89 23* 125* 40* 73 5* Mar.31 10* Apr. 1* 3* 19* 22* 6* 20 Jan. Jan. Jan. Sale Sale Jan. 96 96* 104* 55* Sale 50* 9* Sale 8* 134 136* Sale Sale 3 *. 29* Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale 8 24 21 88 Sale 2* 3* Sale ik Oct. 7 2* Mar. 26 96* Sale 20 Dec. 16 JO*. Mar. 29 26 12 Jan. 45* Nov. 6 5 111* Dec. Oct. 29 Oct. 31 Mar. 31 4* Jan. 2* Jan. 1* Jan. 24 80* Dec. 29 25* 5* 36* 15* 40 Jan. Jan. Jan. 6* Jan. 43* Jan. 29* Jan. 15* Jan. 83 Jan. 102 Jan. 15 6 Aug. 16 187 173 121* Mar. 46 J* Dec. Oct. 253 34; 83 8* Nov. 12 Mar. 20 Jan. 35 27 90* Mar. 31 154* Dec. 30 130* Mar. 31 138* Nov. 28 1 120* Dec. 5 109* Apr. 3 Ill* Jan. 3 118* Dec. 80* Jan. 24 1* Jan. 3 4 2* Jan. 3 19 Nov. 10 Apr. 23 115 21* Mar. 31 * Mar. 26 98 Sale Sale Sale 15 19 Jan. Jan. 17 Oct. Nov. 16 ~ Jan. 12 Jan. 27 141 Jan. Jan. 30* Jan. 43* Jan. 111 Jan. w* Jan. 78 Jan. 110 3 1* Sale Sale 5 2 Mar. 30 18 27 95* 101 4* Sale Mar. 30 20 24 101 133 12 Jan. Jan. Jan. 4 6* Sale Sale 23 J 91; 19 81 95 51* Mar. 18 65* June 17 8* Sept. 26 28* June 2 20 26* Jan. 12* Jan. Sale Sale 29 Dec. 30 Oct. Jan. 24 24 11 Jan. Jan. 10 Dec. 21 Oct. 42 2* Sept. 14 6* Mar. 29 22* Mar. 31 80 Jan. 5 25 20 2* 12* 41* 36* 30* 1* 9 3 6 Jan. 25* 3* 34* 15* 20 Dec. 31 Nov. 9 Jan. Mar. 26 25 16* Jan. 180 Nov. Jan. 13 Jan. 8 Jan, 17 25* 8* 2*, 115* 40] 30 j Mar. 30 5 11 4 Jan. 118 25* Feb. 23 25 5 4 Jan. 138* Jan. 14 Sale 5^ 20* Jan. 9* Jan. 44 85 12 104* Mar. 31 Mar. 30 62 11 Sale * Nov. 16 76 25 20 27 28 26 Sale 39 78 4 24 9* Jan. 34* Jan. Jan. Mar. 31 6 26 121 Sale Sale 114 25 23 Jan. 4 4 11 26 156* Jan. Jan. Sale 127 3 26 4 72 3 Jan. Jan. 28 4 87* 26 1* 1* 29* Sale 39 39* 4 31 Jan. Sale 7* Mar. 29 6 24 3 14 9 Jan. 4 Mar. 30 5 4 Jan. 9 3 21 13 13* May 27 19* Mar. 29 5 Jan. Jan. Jan. 19 78* Jan. Ill* Jan. 136* Jan. 117* Jan. 115* Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale Prices 28 135 Jan. 24 IT* Jan. 26 11 20* 24* 15* 25* 8* 1* 118* 32* 31* Highest Sale Prices 27* July 4* June 26 13 100 59 26 12 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 142 Lowest 96 Sale 3* Sale 58 48* 29* Sale 2* 27 Jan. 1* 1* Sale 21* 86* Sale 86 34 34* Sale 18 24* 18* 29 U 24* Sale 99* 100 100* 42* Sale 46 31* Sale 27* 30 34* 36 18 19* 16* 3 2* 2* 34 Sale 31* 107* Sale 106* 28* Sale 25* 87 31 Jan. Jan. Jan. 25 51* Sale 2* 6* 4* Sale" 18* Sale 104,300 General Printing Ink.—-...1 $6 preferred 3,730 ---* .--* 71,200 General Public Service 144,800 General Ry Signal —---* 340 6% preferred. --100 370.500 Gen Realty & Utilities Corp 1 $6 preferred 57,900 * 297,700 General Refractories———* 85,660 Gen Steel Castings $6 pref—* 96,600 Gen Theatres Equip Corp—* $5 2* Sale 23,000 Gen Outdoor Advertising A * Common-...96.100 ——* 28,200 2* Sale Sale Jan. 15* 30* 5* 62* 117* 8* 19* 9* 15* 175* 20* 2* 26* 11* Sale 27 * 53,600 General Mills.. 7,740 6% preferred ...100 6,000,800 General Motors Corp.——10 Preferred (5)-_ 65,400 ——* Sale 24* 1* 6* * $4.50 preferred 10,800 * 262,000 General Gas & Electric cl A.* 100 3,900 7%----—---100 29 6* 33 41 43 38* 110* Sale 110 Sale 110 9* Sale 9* Sale 8* 66* 68 68* 74* 76 71* Siale 72* 71* 74* 76 78 78 76 83* 1* Sale 1 * 1* 1* Sale 2 1* Sale 1* 4* Sale 3* Sale 3* 2 2* Sale 1* 2* 1* Sale 7* 9* 5 —,— Preferred Sale 4 10,170 Gamewell Co (The) * 1,230 Gannett Co Inc conv $6 pf—* 3 96.650 Gar Wood Industries Inc 1,300 5)4% conv pref----) 50 * 144,000 Gen American Investors $6 preferred 5,400 * 183,600 Gen Amer Transp Corp—--5 275,500 General Baking Co.---5 $8 1st preferred 1,860 * —5 71,300 General Bronze 383,800 General Cable * Class A * 100,800 . 3* Sale 7* Sale 620 500 30 67 Sale 60,300 Gabriel Co (The) Class A-—* 179,200 Galr Co Inc (Robt)— 1 $3 preferred 34,100 ---10 22,800 Gaylord Container Corp 2* Sale 11* Sale 37* Sale 33* Sale 1* Sale 2 100 100 Pittsburgh RR Co.-50 Eureka Vacuum Clean 3* Sale 11* Sale 3,400 8,400 2,900 12,200 119 Sale 21,400 . 115 Sale 5 Sale 6,600 2,100 1,400 113 161 — Sale 20 12 110 89 40 9* Sale 154 30 240 16* 112 115 111* Sale 132* Sale 58,000 Food Machinery Corp—--10 10.020 4*% conv pref 100 10 340,400 Foster-Wheeler 1,660 7%conv preferred.* 30,700 Francisco Sugar Co —* 2,480 Franklin Simon pref 100 270.200 Freeport Sulphur Co 10 2,400 Sale Sale * Power & 127,000 Federal Sale Sale 5 American shares Fairbanks Co 5* 69* 2118 9* 8* Sale 1 Airlines Inc conv 114 * Conv class A 17 32,400 24 84 5,900 Florsheim Shoe (The) cl A--* 51,800 }Foliansbee Bros * 430 26 75 31* Ltd—* 5% pref with warrants. 100 2,097,700 Elec 400 Jan. Sale Participating 6% pref—25 851,000 Electric Boat 51,500 242,900 370,400 18,200 14,050 6 20 Sale 190 Erie & "6,605 Sale 9 Sale * 149,400 Eitingon Schild 969.060 Electric Auto Lite 5,800 26 26 Sale Diamond Match 3.500 6% preferred 185,500 Eaton Mfg Co... 4,310 Sale Jan. 23* Jan. 12* Jan. 18* Jan. Distil Corp-Seagrams Sale 132,100 Eastern Rolling Mills 168,200 Eastman Kodak Co of N J 590 160,700 1,800 2,300 1,200 4,100 43,400 11,900 3,400 24* 13* 19* 6* 1 * Sale 17 Sale 24* Highest Sale Prices Diamond T Motor Car Co—2 * 135,200 Eastern 121,400 19 25 Sale Lowest * Sale * Jan. 28 3 116* 113* Jan. 27 Jan. 26 28* Sale 29* Sale 28* Jan. 26 41* Sale 41* Jan. 26 7 Jan. 26 7* 18* Sale 15* Jan. 26 82 85 79* Jan. 23 11 10* 10* Jan. 30 100 Devoe & Raynolds A Class B, RANGE Sale Prices Ask 15* 15 Elec & Musical Ind— 8,800 142,800 40,300 12,500 11,100 1,700 10,600 1,500 JANUARY Jan. 31 Ask Bid Sale Sale Sale Delsel-Wemmer-GllbertCor 10 Dresser Mfg Co new 10,500 38,500 IN 1938 Jan. 3 826,000 24,800 31,900 8,800 9,800 PRICES Jan. 3 N. Y. STOCK EXCHANGE 1938 41,400 2,900 1,600 36,700 Price STOCKS 12 Months Hn EXCHANGE-STOCKS 21 25 14 10 9 16* Nov. 7 20* Nov. 14 June June 1 100 8 Mar. 29 27* Nov. 9 11* Feb. 26 61 Feb. 26 6* June 13 46* Dec. 22 ' AGGREGATE SALES In 12 Months January N. Y. STOCK 1938 EXCHANGE 10,200 8,600 80 60 970 Gold & Stock Teleg Co - 1 100 27~ 200 16,800 2,000 4,400 7,400 900 24,200 108,700 11,800 290 16,406 610 Greene Cananea 20 109 Sale 5 50 1,200 800 600 220 3,700 500 80 230 11,000 140 2,300 190 16,400 1,800 57,800 400 60 4,900 383.400 7,700 Helme 6,500 148,050 4,480 6,600 13,800 6,400 234,000 3,310 61,800 83,400 10 320 900 2,200 300 14.100 200 1.800 17,200 600 29,300 Holly Sugar Corp — 7% preferred 452.700 Homestake Mining 21,700 Houdaille-Hershey cl 100 12.50 A-----* Class B 475,700 500 32,300 25,200 41,400 116,200 3,200 1,130 950 1,500 27,800 4,400 10 14,100 47,400 6.700 5,400 10,300 830 3.500 78,000 7,300 2,000 3,200 43,500 1,700 59,500 37,200 5,200 150.100 300 23,400 10,900 661,600 Common stock Texas v t C--25 --5 174,400 Howe Sound Co 58,900 Hudson & Manhattan. —-100 5% preferred 100 15,900 304,000 Hud Bay M & Sm Co Ltd—100 960 1,400 5,700 4,700 720 152,400 32,800 12,100 450 2,200 1,500 240 2,800 16,800 190 2,700 3,200 Internat Nickel 100 — - * 42,400 International Shoe-35,200 International Sliver-— — —50 7% preferred -100 9,380 —--* 2,391,900 Internat Tel & Tel Foreign share certifs * 414,800 210.200 Interstate Dept Preferred Stores——-* —10 4,500 — ——-* 20,810 Intertype Corp 1 29,000 Island Creek Coal $6 preferred-..-- — -1 500 26,900. 372,900 3,890 37,600 29,530 530 500 200 Sale 9 20*4 Sale 101 Sale 25 53 21 8*6 Sale 48*4 Sale 79 6H 42 83 Sale 4*6 Sale 5*4 "6K Sale" 1*4 Sale Convertible class A———1 Conv class B 1 1,050 Kendall Co $6 pt pf ser A—* 87,300 138,100 For footnotes see page 40. 20 J an 10*4 May 19 Apr. 23 26 26 24 23*4 Sale Sale' Sale 136 Jan. 26 20 Jan 3 11*4 Jan. *4 Jan. 27 12*4 Jan 1 *4 Jan 4 15 Jan. 18 Jan 3 4 Jan. 26 25 5*4 Jan 4 3 4 8 4*4 Sale 17 17 Jan. 24 22 Jan 28*4 31 18 30 29*4 Jan. 27 31 32 Sale 32*4 32 33 Sale 105 102 100 Sale Jan 26 90 May 5 100*4 Jan 26 83 June 23 Jan. 26 Jan 4 15 Mar. Sale 138 5 Jan. 18 138*4 Jan Jan 25 11 120 71 Jan. Jan 5 Sale Sale Sale Jan 17 21 160 17 26 Jan 24 140 Jan 5 10 86 Jan 13J4 Jan. Sale 18 Sale 16 70*4 Sale Sale Sale 104 8 50*4 1*4 4*4 80 15 Oct. 25 60 Mar. 28 105*4 Dec. 14 3 Sept. 28 21*4 Nov. 51 Jan 4 17 Jan. 31 12 110 Jan 6 98 Jan. 10 118 9*4 15*4 .04*4 64*4 32*4 17 *4 Jan Jan Jan Jan Jan Jan 5 5*4 Mar. 26 1 11*4 June 70*4 9 106*4 27 8*4 27 52*4 Jan Jan Jan Jan Jan Jan Jan Jan Jan 34*4 8*4 Sale Sale 2 55*4 132 14*4 51*4 3*4 Sale Jan. Jan. Jan. Jan. 61*4 Jan. 30 Jan. 12*4 Jan. 69 Sale 106*4 10334 6*4 Sale 44 Sale 1*4 lh 5*4" Sale 30*4 Sale 634 Sale 1*4 Sale Sale 11*4 Sale 4 29*4 Jan 16 Sale 25 79 Jan. Jan. Jan. Jan. 12 7 Sale 24 Sale 105 150 84*4 Sale 14*4 Sale 4*4 Sale 7*4 Sale 25*4 Sale 91 92*4 3*4 Sale 12*4 Sale 2*4 Sale 22*4 24 177*4 Sale 56*4 Sale 162*4 Sale 3*4 Sale 10*4 124 Sale 9 19*4 Sale 19*4 16 105 90 Sale 95 82 Sale Sale 93*4 10*4 Sale 6*4 7 90 90*4 87 87 7*4 Sale 4*2 Sale 88 13 8 91 Jan. Jan. Jan. Jan. 27 26 26 4 26 3 24 12 31*4 Jan. 22*4 Jan. 27 Jan. 4 7*4 Jan. 26 7*4 Jan. 27 84 11 Jan. 77*4 Jan. 9*4 Jan. 19*4 Jan. 26 23 9 7 26 9 26 31 Jan Jan Jan Jab 55*4 Jan 8 Feb. 56*4 June 17 7*4 Mar. 30 1 3*4 Apr. 135 5 17 2*1 Mar. 16 2 Mar. 26 16*4 N01 3*4 Jan 4 15 Mar. 26 29 4 xl30 3 48 31 141 5 12 5 3 21 28 June 20 12 Mar. 28 Jan Jan Jan Jan Jan Jan 31 46*4 Mar. 30 Jan 7 Jan 4 3 5 26 105 Jan Jan 3 10 52 Jan. 26 132 28 64 Jan 4 19*4 Jan 27 121*4 Jan 26 11*4 Jan 7 14*4 Jan. 3 • 6 20 4 23 Jan 26 11 Jan 5 16 99*4 Jan 16*4 Jan 17 20 4 Jan. 18 95 Jan 18 9*4 Jan. 6*4 Jan. 27 13 Jan 3 Jan. 26 95 90 24 8*4 Jan 92 Jan Mar. 29 Mar. 31 17 Feb. 4 Feb. 4 Mar. 30 Feb. 18 26 28 6* 3 Jan. 74*4 Jan 18*1 8 16 4*4 Jan 11*4 Jan 15*4 Nov 10 52*4 Nov. 9 6 48*4 30*4 35*4 35*4 Jan. 21 21 Nov. 25 Jan. Nov. 24 3 96*4 Dec. 21 6 11*6 Oct. # Oct. 8 Nov. 12 83*4 Nov. 17 12*4 July 25 June 24 8 74*4 111*4 Mar. Jan. 130 78 49*4 Apr. 12*4 Mar. 118 Mar. 6*4 Mar. 12 Jan. 10 Mar. 31 44*4 Mar. 58 11 21 57*4 Nov. 10 July 23 113*4 Apr. 30 124 122 11 31 28 19 140 Jan Jan. Jan. Jan. 88*4 9*4 9*4 14*4 79*4 10*4 20*4 Jan. 9*4 Jan. 36*4 Mar. 31 132 29 87 99 Mar. 25 6*4 Mar. 31 35*4 Jan 70 23 2 12 21 19 17 17 31 Jan. 70 9 164*4 Oct. 9*4 Oct. 44*4 Jan 128 Jan. Mar. 2*4 Mar. 30 28*4 Mar. 25 19*4 Mar. 31 Jan Dec 12 May 27 4 3 Jan 3*4 Mar. 31 3 27 124 17 Mar. 31 185 Jan 33 Nov. 4 14*4 Jan 51*4 Jan Jan. 15*4 Jan. 11734 Jan. 7*4 Jan. June 10 Mar. 29 19 4 17 15 16 Nov. 9 34*4 98 Apr 25 7 5*4 July 9*1 Mar. 30 * 10 19*4 Oct. 5*4 Nov 26 Jan 120 98 95 26 Jan. 15*4 Sale 7454 6*4 Mar. 30 29 22*4 99 4 26 26 10*4 121*4 117*4 9*1 Sale 11*4 Sale 17*4 Sale Sale 11 9*4 Sale 12*4 2 Jan. Jan. Jan. Jan. Sale Sale Sale 80 4 4*4 15*4 3*4 27*4 184*4 60*4 162*4 8*4 4h 8*4 10*4 40h 3*4 3934 Sale 94*4 Sale 54 4 Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan 9 27 11 136 80*4 130 15 Jan 25 Jan. Jan. Jan. Jan. Jan. 26 72 128 3 93 Jan. 14 Jan. Sale Sale 4 Jan. Sale 120 Jan 46 Sale Sale 12*4 78*4 94*4 17*4 4*4 8*4 28*4 134 4P 9 26 91*4 2*4 10*4 2*4 22*4 Sale 8*4 3 10 25 Sale Mar. 25 Jan 26 Jan. Jan. 14*4 Mar. 31 60 Nov 11*4 Dec 27 10*4 July 13 30*4 Aug 24 SO 119*4 Dec 146 Sept.30 Nov 12 95 Mar. 29 Jan Jan. 173 52 44 2 3*4 Apr. 13 6 20*4 Dec. 24 35*4 Dec. 30 Apr. 6 Mar. 30 23 119 10 150 23 12*4 Sale 45 8 4*4 Jan. 6*4 Jan. 159*4 6*4 3*4 3*4 Sale 7*4 7*4 7*4 7 51*4 Sale Sale 134*4 135*4 137 Sale Sale 3*4 27 Jan. 2*4 Oct. 6*4 Mar. 30 6 24 10 *4 June 15 Jan Jan. 6*4 Jan. Oct. 19 Mar. 30 5 5 3 9 120 14*4 24 9 10 12 150 Sale 73*4 Sale 13 K 27 27 5 23 27*6 20*4 Sale 13 5*4 35*4 8*4 2*4 3 4 alio 130 Sale 14 6 20 3 Sale Sate 1*4 4 26 18*4 12 Jan 6*4 Sale 25*4 Sale 84*4 Sale 9*4 Sale 9*6 Sale 14*4 Sale 76 79 63*4 Jan. Jan. Jan. Jan. Jan. 28 44*4 Jan 11*4 Jan 32 19*4 Jan. Oct. 25 35*4 4 72*4 Nov. 18 46*4 Jan. 83*4 Jan. 26 105*4 Nov. 29 Mar. 31 9*4 July 20 53*4 Jan. 13 23*4 Mar. 30 3*4 Jan. 14 May 7 3 Mar. 29 9*4 July 14 20*4 Mar. 30 35*4 Nov. 10 3 20*4 Jan Sale Sale Sale Sale Jan. Jan. _ 1 Apr. Mar. 30 6 19 25*4 Jan. 12 May 27 Aug. 15 17*4 Mar. 31 35 32 16 65 105 24 10 3 Aug. 31 13*4 July Mar. 16 108 66 48*4 28 32 Sale Sale Sale Jan. 102 6 Oct. 52*4 17 26 29*4 124 27 26 4 12 26 42 9 24 Jan. 30*4 122 12 Jan. 43 10 K Sale 26 14*4 Jan. 30*4 117 26 41 39 9*2 21*2 26 Mar. 19 40 25 Sale Sale 42*4 Sale 9 10 Sale 116 135*4 Jan 17 Sale 21 9*4 Sale 4 28 26 Sale Sale 26 Jan. 42 Sale 1*4 5*4 33*4 7*4 1 *4 Dec. 29 87 42*4 Mar. 31 126*4 Jan. 19 135*4 Dec. 20 7 14 47 2 25 20 30 Sale Sale 5*4 Sale Dec. 20*4 Oct. Jan Sale 7*4 Dec. 161 Jan 54 63 70 106 111 Jan. Mar. zl04*6 Jan. 24 109 19 1834 Jan. 24 95 33*4 5 May 3 5 20 Jan. Jan. Jan. 107*4 734 8*4 Sale 12*4 110 104*4 8 19 27 11*6 Nov. 30 Jan 50*4 Sale x44 *4 107*4 111*4 105*4 109 12*4 s!H Dec. 111 57 71 133 Sale Sale 11*4 4 115 Jan. 108*4 6*4 Oct. Mar. Jan. Sale 1 19 Nov. 29 75 June 31 Dec. s7*4 Jan. 140 June 4 Jan Jan. Sale Sale 5 Jan 24 10 Sale Sale Jan 28 159 160 77 20 r8M 19 25 Apr. 4*4 June 50*4 Mar. 5 117*4 Ill 56*4 105 Jan. 2*4 Jan, 102*4 Jan. 135 Sale 31*4 17*4 Nov. 12 June 6 13*4 Nov. 15 21*4 Jan. 15 Nov. 14 101 Nov. 12 100 34*4 July 25 35 Mar. 7 102 4*4 70*4 3*4 7 Nov- 16 30 Mar. 32 10 12 24 Apr. 5 12 Jan. 17 14 Jan. 6*4 July Apr. 30 Jan. 134 64 24 3 12 Jan. 74*4 9*4 14*4 104*4 4 16 100 Sale 17*4 26 Jan 32*4 Jan 11*4 Jan 16*4 Jan 5 27 100*4 102 27*4 Sale Sale 55 Jan. Oct. Jan. 13 28 Mar. 16 Sale 70 *4 Sale 13 31 28*4 Nov. 14 June 30 50 Dec. 14 22 Oct. Mar. 104*4 100 138 104 s 8*4 Jan. 10 9*4 16*4 16*4 3*4 Sale 14 Dec Feb. 12^ 5 Jan. 50 Mar. 15 19 Nov. 12 32 Mar. Sale 15 29 14 10 Mar. Sale 9 12 18 Mar. 16 11*4 3 15 Jan. 142 Apr. Sale Sale 7 122 30 Dec. July 35 1*4 18*4 Dec. 24*4 Dec 15*4 Nov 30*4 Dec 9*4 Mar. 12*4 Mar. 23*4 Apr. Jan 13 138 Dec. 29 ll% July 13*4 Mar. 14*4 Sale 2*4 Sale 25*4 Sale 180 184*4 60*4 Sale 157 159*4 7*4 Sale 6*4 Sale 28 11 Nov. Jan. 20 5 16*4 Sale 4*4 4*4 8*4 7*4 28*4 Sale 92*4 Sale Sale 39 K Sale Jan. Jan. Jan 16*4 Jan 31*4 Jan 26*4 Jan 10 93 3*1 Jan. Jan. Jan 148 7 *4 Sale 30 K Sale Jan. 40 7*4 24*4 43 K Sale 132 22*4 12*4 21*4 24*4 135*4 27*4 Jan 29*4 Jan 119 125 24*4 Jan. Sale 21 10*4 — Wheel— 28 27 Jan. 18 Nov. 14 Mar. 26 20*4 34*4 44*4 60*4 —* 76*4 * 100 123 71 Jones & Laugh Steel pref-100 16 Kalamazoo Stove&Furn ColO 118 Kansas City Lt 1st pf ser B. 7*4 Kansas City Southern----100 4% preferred 100 20 Kaufman Dept Stores new__ 1 5% conv preferred 100 Kelsey Hayes 15 9 19 8*4 Oct. July Mar. 8 Jan. 86 Johns-Manville_-__ 5 35.700 Kayser (J) & Co— 550 Keith-Albee Orpheum pf.100 26 25 35 133 Jewel Tea Inc Preferred 11*4 Jan. 7*4 Jan 1*4 Jan 13*4 Jan 2*4 Mar. Sale 24*4 Jan. & Power— New---15 1,388,100 5% conv pref -----100 1,040,800 * 33,950 Int Rys of Cent Amer— 5% preferred —100 14,260 —* 19,100 International Salt 134,600 23,00J 1,300 5,200 5,300 70 of Canada- Preferred 5*4 Jan. 1*4 Jan. 27 Sale Sale Sale 52 _100 225,700 t nterboro Rap Tran * 83,400 Interchemlcal Corp 6% preferred 100 5,430 * 63,240 Intercontinental Rubber * 1,036,400 Interlake Iron —* 107,600 Internat Agricultural Prior preferred -100 31,800 * 70,000 Int Business Machines 796,800 Internat Harvester—---—* 7% preferred 100 10,950 541,900 Internat Hydro-Elec Sys A_25 * 119,700 Internat Mercan Marine --1 179,000 Int Mining Corp 2,716,410 5,800 1*4 Jan 106*4 103 11*4 11*4 Sale 113*4 109*4 111 159*4 159 14*4 "16*4 Sale 10 30,000 Indian Refining * 221,800 Industrial Rayon Corp * 64,000 Ingersoll-Rand 1,460 6% preferred 100 —- - * 168,700 Inland Steel 1,238,400 Inspiration Cons Copper--20 1 8-.300 Insuranshares Ctfs Inc 100 50 1 27 39 Sale 3*4 100 789,005 Illinois Central 42,400 6% pref series A —100 Leased line 4%__ -100 II,910 RR sec stock ctfs ser A-1000 14.180 6,700 1,200 3,300 4,700 * 425,200 Hudson Motor Car 695,400 Hupp Motor Car Corp Internat Paper 105,100 61,400 1,220 „ 100 5% preferred Houston Oil of Jan. 66 72*4 Household Finance— 2,300 1,100 23,700 12,700 4,000 1 106 100 Jan 26 Sale 6 -* Hinde & Dauch Paper Co.-10 Holland Furnace (Del) 10 §5 conv preferred --98 Hollander (A) & Son. — 5 69*4 2*4 52*4 54 Jan Sale L25 9 17 7 Nov. 26*4 Oct. 68*4 Dec. 15*4 Mar. 31 38*4 June 17 108 Mar. 30 6*4 Mar. 30 72*4 2 Mar. 29 Jan 5 19 20 85 June 18 33 18 31 preferred 32 Jan 27 138*4 Sale 129 41*4 50*4 84*4 Sale 16 25 19 Sale Jan Jan TA 24*4 64*4 26 26 38*4 26 109*4 40 97 100 * conv 27*4 23 14*4 24*4 24*4 135*4 99 6% preferred Hershey Chocolate $4 m m 32*4 11*4 15*4 * 7 4 80 1*4 Sale 40 30 --* Jan 37 Apr. 1 1H Mar. 26 2*| Sept. 26 60*4 Apr. 26 10 Mar. 31 2*4 Jan 26 15*4 July July 28*4 Nov. 51*4 Jan. 3*4 July 3*4 Jan. 67 Mar. 30 13 24*4 Jan 4$ *4 Jan 3*4 Jan. Sale 4 4*4 Hercules Powder— 490 9,400 Sale 21 -25 100 1,630 7% preferred 99,700 Hercules Motors Sale *4 17*4 25 1 (G W) Jan. 18*4 12*4 100 -2 Corp Hecker Products Jan. \* 20 —25 8,500 Hackensack Water Preferred A 25 20,310 10 83,200 Hall Printing --* 11.300 Hamilton Watch 1,640 6% preferred 100 * 1,770 Hanna (M A) Co $5 pref * 157,100 Harbison Walker Refrac 360 6% preferred 100 42.200 Hat Corp class A 3,050 6*6% preferred w w 234,010 Hayes Body Corp 16,500 Hazel-Atlas Glass Co 29 Jan 60 24 5 23 26 Jan. 70 74*4 74 35 -* 37,700 Guantanamo Sugar I,820 8% preferred 100 23,300 Gulf Mobile & Northern--100 17,300 6% preferred 100 Sale 56 135*4 137 40 49*4 27*4 Sale (The)-----* 10 Jan. 2*4 Jan. 2*4 Jan. 101 23*4 Sale 14*4 Sale 30*4 Sale 26 45 46*4 Sale 5 Mar. 29 37*4 June 18 3 13*4 Jan. 26 24 Jan. 59*4 61 32*4 Sale 102*4 Sale Sale a* Jan. Jan. 7*4 Sale iiS Jan. 19 18*4 Jan. Sale o 10 53 Sale 80 1*4 Highest Sale Prices Sale 21*4 Sale 74 Lowest Sale Prices Sale 70 70 24*4 Sale 64*4 Sale 38*4 Sale Copper--100 2,154,800 Greyhound Corp 169,100 5*6% preferred 111,500 6,800 1,600 * Sale 65 Highest Sate Prices Sale 45*4 2*4 2*4 Sale " 2,200 St* 47 2*4 2*4 — 1,249,700 Goodrich (BF).. $5 preferred 104,900 * * 1,713,300 Goodyear T & R-_$5 preferred 56,900 * * 80,600 Gotham Silk Hosiery Preferred — 100 1,560 1 699,700 Graham-Paige Motors Granby Consol Mining Smelting & Power Ltd 5 290,200 1 36,000 Grand Union Co (The) $3 conv preferred series—* 38,900 * 63,900 Granite City Steel 89.600 Grant (W T) 10 30,100 5% preferred 20 190,200 Great North Iron Ore Prop--* 100 1,266,990 Great Northern pref * 91.700 Great West Sugar: Preferred 100 3,780 170 Green Bay & Western RR.100 --1 121,800 Green (H L) Co 60,000 7,900 148,200 5,200 5,300 Sale 45 50 1 11*4 Sale 23*4 * * S6 preferred 33,500 246,000 Glidden Co (The) 8,200 4*4% conv preferred 102,300 Gobel (Adolf) 104,600 Goebcl Brewing Co Lowest Ask Ask Bid 13*4 Sale * 708.700 Glmbel Brothers 900 1938 YEAR Sale Prices Jan. 31 Jan. 3 Bid Par Shares 43,300 1,400 16,600 FOR Jan. 3 1938 Shares RANGE JANUARY PRICES IN Price STOCKS 35 EXCHANGE—STOCKS N. Y. STOCK FEB., 1939] 24*4 123 13 *4 Mar. 24*4 Dec. Dec. 10*4 May 63 Apr. Nov. 15 4 Dec. 17 Jan. Oct. 14 7 Jan. 10 July 20 Oct. 18 July 25 July 21 July Dec. 23 Dec. 27 11 12 100 100 16 Nov. 16 91 Nov.29 4*4 Mar. 29 4 3 11 80 Mar. 26 Jan. Oct. 19 14*| Oct. 24 6 100 Oct. 5 36 N. Y. STOCK EXCHANGE—STOCKS AGGREGATE SALES January Shares Price STOCKS 12 Months 1938 1,030 25,600 700 " 4,300 72,400 600 8,500 3,000 8,800 46,200 500 574,500 18,800 8,000 3,100 560 21,300 1,560 6,000 8,700 150 650 272,800 18,300 5,300 5,100 3,400 900 630 7,300 1,700 4,300 28,400 1,430 102,200 169,300 4,100 8,000 35 Sale lly' 5,200 Sale 25 Series B 100 Preferred Sale new. - * Long Bell Lumber A-- * ...25 Loose-Wiles Biscuit Louisville Gas & Elec A Louisville & Nashville 5,700 15,200 3,000 600 6% conv 32 18 16,400 200 8,100 80 870 $6 pref series A. 5,500 $5.50 pref ser B 44,000 Melville Shoe Corp 133,000 Mengel Co 100 2,100 12,200 24.190 1,490 270 * * 29 305* 1215* 125 18 5% conv 1st pref w 65* 125* 990 4,855 8% 1st preferred. 100 133,600 Minn-Honeywell Reg Co * 3.610 4% conv pref ser B___--100 5,000 280 32,400 265,800 17,200 15,800 5,800 14,500 50,800 133.500 334,700 47,600 125,840 82,900 217,300 5,320 300 1,100 400 500 2.8Q0 12,900 22,800 4,100 7,500 3,700 12,000 640 Minn Moline Pow Implem—1 * $6.50 pref {Minn St Paul & S S M Mission Corp Mo-Kan-Texas * 7% preferred series A—100 {Missouri Pacific -.100 Convertible preferred..100 Mohawk Carpet Mills 20 Monsanto Chemical Wks--10 $4.50 preferred. * 2,337,150 Montgomery Ward & Co 700 620 7,400 6,200 7,500 8,700 790 1,700 1,100 230 23,000 600 For footnotes 8,200 Morrell (J) &Co_. 10,260 Morris & Essex 212,400 123,300 161,900 194,900 12,930 15,200 32,400 4,630 397,050 8,000 see * * 50 Motor Products Motor Wheel >-* . Mueller Brass Co.. Mullins Mfg Corp class 5 1 B—1 $7 conv preferred * Munsingwear * Murphy Co (G C) * 5% preferred 100 Murray Corp of America--10 Myers (F E) & Bros * page 40. Jan. 26 195* Jan. 26 Sale iM Sale Sale 45* 5* 25* 245* 11 Sale 385* 36 165* 395* 455* 185* Sale 18 Sale Sale Sale 54 Sale 105 109 Sale 85* 605* 45* Sale Sale 19 Sale 99 106 215* 1485* 165* Sale Sale Sale 58 Sale 315* Sale 123 125* 15* Sale Sale Sale 55* 7 Sale Sale 125* Sale 36 Sale 55* 575* Sale Sale 31H Sale 225* Sale 1535* 157 345* Sale 355* 163 Sale Sale Sale 164 103 Sale 25 113 Jan. 41 295* 255* 41 17 34 15* 55* 13 7 Us 24 24 45* Jan. 5* Jan. 24 2 Jan. Sale 22 Jan. 26 Sale 10 5* Jan. 275* Jan. 28 31 Sale Jan. 55* Jan. Jan. 24 31 '" 135* 235* 161* 55* 315* 245* 114% 55* 5* Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3 Jan. 275* Jan. 125* Jan. 325* Jan. Jan. 54 Jan. 27 103 Jan. Jan. 26 115* Jan. 62 Jan. Sale 12 Jan. 28 Jan. Jan. 23 Jan. 3 4 27 1255* Jan. 26 305* Jan. 26 43 26 195* Jan. 385* Jan. 15* Jan. 28 24 24 Jan. 16 Jan. 30 Jan. 26 36 Sale 164 Jan. 32 305* 12 Jan. Jan. 25 Jan. Jan. Jan. 30 30 24 24 Jan. 7 Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. 33 3 315* 29 Jan. 45* 195* 1075* 225* 1535* 185* 27 85* Jan. 13 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 6 168 Jan. Sale 445* Jan. 4 5* Jan. 285* Jan. 105 93 Jan. 3 Sale 115* Jan. 95* Jan. 24 26 175* Jan. 115* Jan. 88 13 91 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale 3 Jan, 22 Oct. 25 18 Jan. 30 Jan. 3 12 12 Nov. 12 17 m z255* July 20 Dec. 29 Oct. 13 Oct. 11 July 25 I Jan. 12 Jan. 13 29 July 25 145* Nov. 21 355* Oct. 21 585* Nov. 10 Dec. 21 9 July 10 Mar 30 375* Nov. 3 Mar. 30 102 Dec. 30 27 12 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Sale Mar. 30 ; Mar. 31 , Jan. 27 5 i Mar. 29 545* Jan. 9 106% Jan. 3 465* Jan. 465* 17 27 Sale Sale Sale I Dec. i Mar. 29 I Mar. 30 Dec. 8 July 13 315* July 23 215* Nov. 1 4 120 Mar. 29 Jan. Jan. Jan. Sale 168 lH 195* 225* I Mar. 31 495* 4 3 Jan. Jan. 295* 1245* 225* Sale 37 5* 18 165* Sale 305* 1 5* 15* 7 65* Sale 14% Nov. 12 July 19 Juiy 25 30 13 31 30 19 Jan, Sale 31 26 58 Sale Mar. i May : Mar. i Mar. Jan. 23 Sale Mar 29 Mar. 26 t Mar. 25 15* 55* 75* 145* 365* 55* 575* 4 5* 65* 125* 315* 26 Jan. Jan. 85* 125* 15* Mar 12% Mar 31 46 6 305* 22 25 Jan. 26 Sale Mar. 30 26 Jan. 10 176 Jan. 124 9 155* Mar. 31 25* Mar 26 Jan. 42 48 v,3 175* Jan. 405* Jan. 23 104 24 Jan. Jan. Jan. 51 Feb. Jan. Jan. Jan. Jan. Jan. 75* 115* 15* 4 5* 65* 115* 275* 35* 115* 15* Jan. 65* Jan. 40 3 Highest 15* Mar. 29 12% Jan. 7 Jan. Jan. Jan. Jan. 24 36 Sale 42 5 27 26 43 55* 395* 19 Jan. 26 16 165* 175* 485* Sale 455* 1065* 1095* 10654 Sale 9 85* 52 565* Sale 3 5* 35* Sale 18 185* 195* 105 1065* Sale 215* Sale 205* 1535* Sale 1475* Sale 17 155* 50 14 Sale 1005* Sale 104 1005* 175 1775* 173 5* 165* 165* 175* 325* Sale 295* 93 205* 495* 55* 55* Jan. Jan. Sale 295* 465* 121 285* Sale 415* Sale 195* Sale 375* Sale 15* 1*A 7 65* 135* Sale Sale 20K Sale Sale 113 55* 5* Sale 25* Sale 275* Sale 115* Sale 32 315* 53 5* Sale 65* Sale 8 Sale 45* Sale i Mar. 31 103% July 9 Apr. i Mar. 31 ; Mar. 26 6 Nov. 26 Nov. 9 Nov. 14 215* July 21 Mar. 31 62% Nov. 12 Dec. 17 1115* Oct. 26 Mar. 26 Mar. 31 i Mar. 28 Mar. 31 June 22 Mar. 31 9 Oct. 11 635* Oct. 55* July 22 21% 25 Nov. 10 Dec. 15 Dec. 7 1 154 Apr. Nov. 10 Mar. 31 195* Oct. 17 Apr. 20 57% Dec. 30 Mar. 29 32 j. Mar. 30 126 Mar. 29 Mar. 30 Mar. 26 Mar. 31 Mar. 29 Mar. 30 Mar. 26 Mar. 26 Mar, 30 Mar 31 Sept. 14 Dec. 22 Mar. 30 Mar. 30 May 24 323* 493* 195* 40}* 25* 105* 203* 10* Dec. 30 Jan. 21 Nov. 16 July 26 27 Oct. Nov. 10 Oct. 22 Nov. Jan. 9 13 Nov. 9 July 23 2% Jan. 11 .3* Jan. 11 July 6 14% Nov. 10 37% Dec. 30 75* Oct. 27 Mar. 29 61 Mar. 31 365* Nov. 24 Aug. 2 165 27 30 495* Jan. 65* Jan. Mar. 31 Mar. 26 32 Jan. June 95 J an. Apr. 26 M 50 25 Dec. 176J* 1 53 Oct. 14 Feb. 23 Oct. 25 8 714 July 285* Dec. 27 Mar. 29 975* 125* Sale 125* 10 5* Sale 10:5* 89 92 885* 205* Sale 205* 95* 105* 95* 53 5* Sale *52 5* Sale 18 155* Sale 9 95* 82 115* 95 115* Sale 91 70 67 51 665* 50 505* 65* 265* 155* Sale Sale 27 185* 39 Sale 12 Sale 165* Sale 285* Sale 1075* 109 855* Sale 111 105 6 5* Sale 56 53 5* Sale 95 Sale 105* Sale Sale Sale 945* 10.5* 67 100 100 100 * 7% preferred 4% leased lines Jan. 25 6 10 1 * warr..* * — -1 ...50 Sale 265* Sale 105* 105* 235* Sale 100 3,940 Merch & Min Transp Co— 89,000 Mesta Machine Co. 5 505,300 Miami Copper 5 256,700 Mid-Continent Petroleum. 10 109,400 Midland Steel Products * 6,100 24,200 12,700 7,200 Sale Sale 39,100 McGraw Hill Pub Co.. * 350,100 Mclntyre Porcupine Mines--5 300,100 McKeesport Tin Plate 10 147,100 McLellan Stores Co --1 1,590 6% conv pref —100 134,100 Mead Corp * 22,200 Sale Sale * 100,600 McGraw Electric Co 20,400 1,300 21,700 Sale 35* Sale 5 preferred--, 4 Sale Sale Sale 80 S3 preferred ex-warrants- - * 1,510 $6 1st preferred * 72.900 McCall Corp —* 181,700 McCrory Stores -1 """230 45* 295* 215* 55* 175 16 100 10 7% preferred 27 170 51 * Mathieson Alkali Works 12 14 170 * 100 — 175* Jan. Sale 60 100 Preferred Sale 905* 035* 106 165* Sale 31 1355* 100 10 5% preferred-. Lorillard (P) common 11 15 1015* 103 5* 1055* 15* Sale Lone Star Cement Corp 1938 Sale Prices ol Oct. 15 265* May 27 65* Mar. 31 16 185* 10 Jan. Jan. Jan. Jan. 40 Sale 115* 44% 125* 275* 25* 215* 55* x275* 3 235* Sale Sale 05 265* Sale Jan. Jan. Jan. Jan. Jan. Jan. Sale Sale 255* 885* Sale 45 56.50 preferred Loft Inc 33 135* 205* 4 5* 25 5s 205* 15 % 5 75* 245* * ■_---* 26 235* 26 15* Jan. Sale 5 55* 27 118 Sale 88 Sale 40 112 Sale 9% Sale 24% 25* Sale ~ 100 5% Sale % Sale 23 Jan. 335* Jan. Sale Sale 3% Sale Jan. 15 Sale 24 % 10 22 215* 305* * * Lima Locomotive Works YEAR Lowest Sale Prices Sale 30 24 96 Sale Highest Sale Prices Sale Sale Sale 155* 165* 285* Sale 365* 385* 175* Sale * Lily Tulip Cup Corp — FOR iMwest 25 Sale 34 - ---5 Liggett & Myers Tob com--25 110,700 May Dept Stores 113,000 Maytag Co (The) 23,300 $3 preferred 9,400 2,700 189,900 Sale 100 100 * Link Belt Co RANGE Sale Prices Ask 375* 115* 275* 25* 325* 21 6% preferred 900 Sale Sale Sale Sale — MackTrucklnc 101,000 230 26 Sale 409,100 Macy (R H) Co Inc * 95.500 Madison Square Garden * 94,600 Magma Copper 10 69,400 Manati Sugar Co 1 8,400 Mandel Bros.. 13,204 tManhat'n Ry Co 7% gu.100 220,720 Mod 5% guar 100 22,100 Manhattan Shirt 25 60,600 Maracaibo Oil Explor --1 445,700 Marine Midland Corp. 5 35,420 Market Street Ry pr pref.100 404,300 Marshall Field & Co. * 1,710,100 Martin.(Glenn L) Co.1 73,300 Martin Parry Corp 135,000 Masonite Corp 5,600 43 5* 12 * * 10 1 * — Life Savers Corp Loew's Inc Ask Bid * - Libbey-Owens Ford Glass— Libby McNeill &Libby Liquid Carbonic 2lH 4§* Jan. 31 3 Bid 15* 22% 14% 20 5* 4% 265* 16,000 MacAndrews & Forbes Co. .10 2,200 21,400 Sale * -* 1 67,300 Lehn & Fink Products Corp.5 60,500 Lerner Stores Corp. -• 453,900 92,700 23.500 35,600 134,200 9,200 12,200 150,500 44,000 132,700 694,700 14,300 1,819,500 331,300 121,000 47,500 5,320 236,100 9,340 47,900 91,000 Ask Keystone Steel & Wire Co. -* 173,100 Lee Rubber & Tire 5 79,400 Lehigh Portland Cement--25 1,75,, 4% conv preferred 100 215,000 Lehigh Valley 50 75,600 Lehigh Valley Coal-* 54,100 6% conv preferred 50 267,800 Lehman Corp (The) --1 60 900 Kennecott Copper... 10,930 5% preferred 102.100 Lambert Co (The).. 6,000 Lane Bryant 690 ' Jan. 13,820 Laclede Gas Light 1,410 6,800 1,000 22,500 4,800 JANUARY IN 1938 Par Kimberly-Clark Kinney (G R) 640 8% preferred.. 10,190 $5 prior preferred 278.300 Kresge (S S) Co 11,600 Kresge Dept Stores 25.100 Kress (S H) & Co new.. 265,400 Kroger Grocery & Bak 100 14,700 18,400 4,100 23,800 5,500 3,200 23,700 6,000 3,600 1,800 9,300 N. Y. STOCK EXCHANGE 2,147,500 121,300 18,200 20.830 207,500 6,900 2,600 2,600 PRICES Jan. 3 Shares In Sale 69 585* Sale 51 55* Sale 26 Sale 110 Sale 735* 109 Sale 111 55* 495* Sale Sale Sale ?* 5* 135* 15* 8 50 34 80 Jan. 4 Mar. 26 19 57 Jan. 26 4 5* Jan. 26 525* Jan. 65* Jan. 285* Jan. 1 Apr. Mar. 30 May 13 16 June Jan. Jan. 13 June 4 111 110 Jan. 16 1115* Jan. Apr. 26 Mar. 26 45* Jan. 495* Jan. 5* Jan. 5* Jan. 5* Jan. 26 13 26 31 65* Jan. 53 Jan. Apr. 1 Jan. 28 8 Mar. 31 Oc«. 13 1 % Jan. 11 5* Jan. 14 5* Jan. 2 5* Jan. 95* Jan. Dec. 6 July 25 Jan. Jan. 13 12 July 21 May 27 Mar. 26 145* Jan. 24 175* Jan.. 96 24 Ill Jan. 4 1195* Jan. 26 iW. Mar. 29 Mar. 30 May Jan. 25* 35* 20% 36 34 Jan. 26 35 32 Jan. 25 36 Jan. Mar. 31 14 27 19 Jan. Mar. 31 13 Jan. Jan. 27 155* Jan. Mar. 31 385* 405* 22% 17% 21 Jan. 26 30 Jan. Mar. 29 32 55* Jan. 23 Mar. 25 Jan. 28 115* 125* 115* Jan. 54 52 525* Jan. 108 1085* 111 Jan. 24 27 57 Jan. 10 109 Jan. 65* Jan. 48 Jan. 27 26 9 5* Jan. J an. 51 Jan. 8 Jan. 11 Nov. 4 2 110 Dec. 31 5 1175* Sept. 22 54% Oct. 13 Sale 75* Jan. 435* Jan. 125* Jan. 10 Mar. 31 515* Jan. 385* Jan. 50 July 19 9 Sale Sale 28 Dec. 31 Sale 36 Nov. 14 July Jan. 6 Sale Oct. Jan. 2 Dec. Sale 17 25 17 11 Feb. 2 5* Jan. Sale Dec. Dec. 12 July 5* Jan. J* Jan. 3 25 1155* Jan. 445* Jan. 20 Nov, 4 Oct. 22 1 xl 17 Nov. 17 15 Sale 7 Oct. 92 Dec. Jan. 16% 475* 14% 225* 305* 29 Jan. 1 5* 30 26 69 Jan. 73 26 Jan. 18 575* July 27 75* Nov. 16 Mar. 30 Mar. 31 Mar. 30 4 1115* Jan. 28 855* Jan. Apr. 22 15% July 22 395* Jan. 125* Jan. 165* Jan. Jan. Sale 525* Nov. 5 May 27 1 24 Sale 95 Apr. 31 Mar. 26 Mar. 25 12 Sale 39 Apr. 12 Mar. 26 Jan. 23 Sale 125* Nov. 10 Nov. 10 Nov. 22 July 27 Oct. 27 Jan. 12 Nov. 10 27 155* 135* 55* Jan. 135* 925* 205* 125* 535* 265* 11% Jan. Sale Sale Jan. Dec. 23 16 Mar. 23 Mar. 31 5* Jan. 15* Jan. 1 1155* 116 Sale 495* 34 365* 115* 51 49 4 97 Mar. 31 6 5* Jan. Sale 115 58 565* 1075* 109 Jan. 26 Sale Sale 43 70 85* Jan. 13 5* Jan. 205* Jan. 1075* Jan. Sale Sale Sale 115* Jan. 705* Jan. Sale 15 25 17 36 27 27 5* Sale 95* Jan. 27 25 Sale 355* 185* 155* 295* 75* 94 Jan. 111 35 13 27 75* Jan. 245* Jan. 13 54 Jan. 15* 155* 1015* 515* Jan. 13 5* Jan. 88 34 Sale Sale 26 225* 105* 545* 185* 95* Sale Sale 2 7 Sale 135* 15* 75* Sale 30 27 J an. 14 Sale 5* 145* 25* 95* 5* 185* Jan. 8 5* Jan. 50 355* 105* Sale 5* 145* Jan. 21 5 May 27 Mar. 30 7 Apr. Mar. 26 6 Apr. Mar. 29 Mar. 29 Aug. 3 Nov. 15 July 25 Nov. 9 Oct. 13 8% July 26 64% Jan.13 155* July 22 625* Oct. 21 1105* Dec. 19 10% Juiy 27 54 July 29 In J 2 Months January stocks N. Y. STOCK 1938 YEAR FOR RANGE JANUARY IN PRICES Price AOGREOA TE SALES 37 exchange—stocks n. y. stock fEB., 1939] Jan. 3 1938 EXCHANGE Lowest Highest Loivest Highest Sale Prices Sale Prices Sale Prices Sale Prices 1938 101,100 520 17,400 23,300 60,800 700 2,500 300 1,400 27,100 59,700 500 780 5,200 3,500 34,600 1,100 83,700 36.000 600 1,090 10,400 69,300 22,900 29,900 3,800 i,100 ; 12",500 2,300 1,100 "'700 120 32,400 7,600 404,900 28,800 51,100 9,700 480 i,420 100 ""200 27,200 12,300 2,200 29,400 770 3,800 660 358.100 7,500 269,000 17,700 160 120,700 1,900 80 14,300 290 62,500 14,700 19,300 300 1,600 15,800 270 64,100 800 1,200 100 5 -10 7% preferred. 100 Nat Bond & Investment Co.* ui$ 670 460 490 700 26,900 9,600 5,000 450 250 2,100 5,400 130,300 15,000 1,000 9,300 2,600 120 237,300 5,100 23,200 700 20,500 9,100 3,400 2,500 43,300 18,000 1,000 II,600 1,000 13,500 4,300 1,400 142",800 600 National Aviation Corp National Biscuit—. Nat Cash Register 200 660 400 7.200 3,600 83,600 2,600 900 590 220 4,600 Sale Sale . 16 15 14 Sale Sale 21 Sale Sale 158% 136 19 Sale Sale Sale 22 5% preferred 24,280 2,440 New York & Harlem. 20 10% preferred 670 N Y Lack & West Ry Co—-100 42.400 JN Y Ontario & 38,300 1,792.900 6% Aviation — 1 Edison S6 pref--* 12,600 North Amer 730 Northern Central 1,324.200 Northern Pacific -50 100 8,600 North States Power Co $5 pf. 1 2,580 Northwestern Telegraph-.50 102.900 Norwalk Tire & Rubber. ..--.* 50 Preferred * * (The)--. Preferred A 1®® Oppenheim Collins & Co— 955.000 Ohio Oil Co (The) 486,900 421,800 2,760 56,600 334.500 3.250 481.400 Oliver Farm Equipment- Omnibus Corp v t c Otis Elevator - * 5 340 Outlet Co... 110 — -1 ®® Preferred 338,000 Owens-Illinois Glass Cq- 12.50 90.600 Pacific Amer Fisheries Inc.-5 1® 11,480 Pacific Coast First preferred 8.890 2d preferred.. 17,170 Pacific Finance Corp (Cal)-lO 25 256.100 Pacific Gas & Elec * 87,600 Pacific Lighting Corp 11.940 84,400 PacificMllls 6,880 Pacific Telep & Teleg 4.290 10.500 61.700 100 6% preferred.-.100 Pacific Tin Corp (sp stk) — - * Pacific Western Oil 10 --* 1,789,800 Packard MotorCar 31.600 Pan American Airways Corp 5 -5 5,400 Pan Amer Pet & Trans 1 136.400 Panhandle Prod & Ref 33,300 ParaffineCoInc-.1.030 4% conv preferred :_100 — 1 2.404.600 Paramount Pictures 1st preferred 51.300 1®® 2d preferred 278,600 10 ---J 19.500 Park &Tilford 366.000 91.000 61,100 49.100 800.600 Park Utah -.1 * ConsMines Parke, Davis & Co Proof Co 2.50 Parmelee Transport Co.----* Parker Rust Pathe Film Corp.. — -* 215,500 Patino Mines & Ent Cons. — * -* 30,400 Pen ick & Ford 223.900 Penney (J C) Co 1® 24,600 Penn Coal & Coke * 141,000 Penn-Dlxie Cement $7 conv pref series A — — -* 23.700 25,300 Penn Glass Sand Corp v t c —* $7 conv preferred... * 20 1,363,6 jo 11,800 119,800 5,700 22,35j Pennsylvania RR Co People's Drug Stores Inc 6Mj% conv preferred People's Gas L & Coke Peoria & Eastern Pere Marquette 18.95) Prior preferred Preferred 13,270 3,9)0 Pet Milk... 156,100 Petroleum Corp 92.5)0 Pfeiffer Brewing Co 1,283 300 Phelps Dodge .-50 * 100 100 100 100 -.100 100 * — 5 * — 25 17,800 Philadelphia Co pref 6% —.50 $6 preferred * 3,700 3,950 JPhila Rapid Transit Co—.50 7% preferred 50 7,310 -* 104.600 Phila & Reading C & I For footnotes see page 40. 4 r& Jan. 3 5 17 Jan. 9254 Jan. 25 26 23 Jan. 5 26 90 11 26 22 24 20 71 67 3554 Sept. 28 Oct. 21 31 July July 29 27 Jan. 20 111 8 26 Jan. Jan. 13 5 Jan. Jan. 27 27 28 Jan. 4 Jan. 18 Jan. 10 Jan. 24 23 1654 Jan. 2754 Jan. 4 Jan. Jan. 14 168 Jan. Jan. Jan. 3 143 26 27 54 Jan. 30 854 Jan. 27 8154 Jan. 26 1554 Jan. Jan. 20 24 17 59 54 J an. 10 31 IB 30 1753 Mar Sale Sale Jan. Jan. Jan. Sale 1954 Sale Sale 3154 Sale Sale 34 Sale 22 Sale Sale 22% 36% Sale 35 3% Sale 5254 2% Sale 754 Sale Sale 1 4 Sale % 16% Sale 82 Sale 193 Sale 104 10854 108 110 Sale 4 19 4454 Mar. 31 1253 Sept. 24 5 84 171 175 112 108 Sale 23 Sale 9 Sale 56% 19% Sale 2454 Sale 90 10% 106 99 98% 93 Sale Sale 1% Sale 29 16 22 12 Sale 24% Sale 9% Sale "J% 22 Sale 6 127 Sale 45 49 13 Sale 44 45 114 4 Sale 9% 4% 14 12 6% Sale lift JV4 27% Sale 35% Sale \4% Sale Sale 114 82 1154 14% Sale 102% 102 54 10454 4% Sale 3554 32% 133 % 140 12 Sale 4 Sale Sale 9% Sale 28 Sale 1754 106 11% Sale 4% Sale "3454 "37" 10054 9% Sale 88 82 10% 22 2% 31% 17% 1% 5% 9% 41% Sale 24 % Sale Sale Sale 2 Sale Sale 43 2 Sale 2% 3% Sale 62 Sale Sale 17 14 '21% Sale" 27 25 10954 114 3154 Sale 3% 11% 4% 12 Sale 6% 1% 59% 102 13% 103 1254 25 Sale 19 Sale 2 Sale 10 Sale 1154. Sale Sale 39 3 454 16% Sale 19 Jan. Jan. Jan. Jan. 168 Jan. 109 Jan. 2154 Jan. 26 354 54 1054 7854 1054 5454 37 Jan. 133 454 Mar. 29 354 100 20 13 54 Mar 9 57 1954 Jan. 3 3 10754 Jan. 3 8454 Jan. 21 21 75 10554 Jan. Sale Sale Sale Jan. 82 4 20 18 4 454 Jan. 3954 Jan. 19 854 Jan. 2254 Jan. 27 1054 Jan. 5 26 30 Jan. 26 Jan. 35 15 Sale Sale 2154 Jan. 104 13 26 Jan. 6 4 27 3 15 31 5454 Jan. 2254 Jan. 4 24 24 45 1054 4854 *1954 4054 11454 60 Jan. Jan. Jan. Jan. Jan. Sale" Sale Jan. 554 Jan. 354 3 Sale Sale 28 Sale 654 1254 1354 Sale 11 5 14 6 Jan. 4 26 1254 2954 4454 1454 12454 14854 2554 1154 454 3 Jan. 23 Jan. Jan. Jan. 24 Sale 2 Sale Sale Sale 24 5 1654 654 154 60 54 Jan. 26 Jan. Jan. Jan. 27 102 26 6 Jan. Jan. 20 Jan. 20 Jan. 20 Jan. 17 5 Jan. 7 Jan. 5 Jan. 3 Jan. 4 Jan. Jan. 20 5 Jan. 4 Jan. Sale 454 103 5 Jan. Jan. 28 26 Jan. 5 Jan. 26 3 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 154 Jan. 354 Jan. 27 254 Jan. 42 54 Jan. 9 24 19 Jan. 3 13 26 2 54 Jan. 11 Jan. 5 1 % 4 3 % Mar. 24 1154 Jan. 57% Jan. 8054 Jan. 154 Jan. 554 Jan. Jan. Jan. 27 31 1854 Jan. 2554 Jan. 26 14 24% Jan. 2754 Jan. Jan. 26 3954 Jan. 20 354 Jan. 24 26 14 13 17 5 16 Jan. Jan. 4 Mar. 20 55 Mar 16 2 53 Mar. 19 1053 Mar. 20 4 25 3 4 54 Sale 79 Sale 354 % 42 1 Jan. 10 July 25 25 July Dec. 28 15 53 Jan. Feb. 42 4 Oct. 15 \% Jan 1753 Mar 31 654 July 22 1754 July 25 July 25 3854 Jan« 15 1754 Nov. 15 13 54 Jan. 11 8% Oct. 28 47 54 Nov. 9 18 30 Mar 2Y 43 Nov. 60 Apr. 1? 25 74 Nov. 10 Nov. 23 5 15 Mar 8 Mar 29 4 7 Mar 3< 7 26 954 Jan. 754 Jan. 26 4454 Jan. 5 44 Jan. 79 4 Jan. 21 5 11 154 Jan. 354 Jan. 23 4 54 Jan. 6 5 Oct. 21 July 23 Aug. 25 July 25 11554 Dec. 30 Mar 2253 Mar, 16 54 Jan. 7454 154 3 54 54 Oct. 24 Nov. 31 33 54 Jan. 17 54 Jan. 3 54 Jan. 42 75 July 20 July 29 Oct. 17 Oct. 10 24 Mar. 26 7 Sale 121 17% Jan. 40 31 1553 Nov. 12 Mar 12053 Dec. 1453 Mar 1954 Mar 4 75 Jan. 154 Jan. 43% Sale 10 30 24 3 Sale 1% Dec. 6 Jan. Jan. 26 18 Mar. 3 54 Jan. 2454 Jan. 17 Jan. 854 Jan. 654 Jan. 3454 Jan. 26 353 4253 2153 254 14 53 13 53 5853 8553 253 553 8% Mar 10 33 1353 Mar. 41 Dec. 30 16 3 29 1353 Dec. 31 653 Mar. Mar. 1 53 Mar 3154 Mar 16 Dec. 102 65 154 4054 1554 154 854 1054 5454 7554 31 10 July 27 6 Mar. 4 3 June 27 1854 Dec. 19 954 Feb.25 2 Aug. 3 6153 Nov. 15 Mar. 22 23 Nov. 1553 Jan Mar. 3% Mar. 1554 Dec. 653 Oct. 1 Sept. Jan. Jan. 19 Dec. 30 30 1754 Dec. 26 10754 26 1354 17 26 1953 July 121 149 Apr. *132 53 Mar. 29 11 2153 Nov. 22 953 July 19 1554 July 23 Nov. 4 30 43 53 Dec. 30 8854 June 554 Mar. 38 Sale Mar Mar. Mar. Mar. *2254 Mar. 32 % Mar. 954 Mar. 4 26 7 553 Jan. 2 53 1053 3 54 9% 17 27 Sale Apr. 19 7654 Nov. 9 1154 Jan. 17 Jan. Jan. 2854 17 54 22 53 Aug. 25 52 53 Oct. 11 115 14 54 Jan. 1254 Jan. Sale 9 9 9 1554 Nov. 16 Nov. 16 60 Nov. 147 3954 Apr. Apr Mar. 10 8 Sept. Nov. 10 115 40 87 8 10 Feb. 23 Nov. 16 Jan. 2953 Nov. 553 Dec. 3 4 Sale 4 354 Jan. Jan. 13 25 3 654 Jan. 16 23 Apr. Mar. 10 9 13 30 Sept. 1453 32 53 1954 11153 653 Mar. 3054 Apr. 26 Sale Sale 5 6 Jan. 27 41 Sept. May Mar. Jan. 122 26 11,454 Jan. 12 70 Jan. Sale 754 Sale 31 Dec. 20 Mar. 4 26 Sale 954 Sale 71 13 Dec. 21 1354 Mar. 20 13 143 45 4 Jan. Jan. Jan. 20 853 1953 753 8353 18 2754 Jan. June 1254 Mar. 30 1754 Jan. 140 Sale 4 23 106 Jan. 27 854 Jan. 143 Sale 42 24 Jan. Dec. 31 3 106 9354 Jan. 13 1453 July 25 653 Mar. 31 Dec. 27 9253 Sept.16 103 Sept. 2 25 May 12 35 Nov. 23 5 Mar. 30 153 1454 Jan. 24 Jan. 654 Jan. Sale 65 31 1 553 Mar. 30 4 10554 Jan. 3254 Jan. 1054 Jan. 10254 Jan. 3054 Jan. 354 Jan. 3954 1154 454 37% Dec. 8754 May 9 64 11 1 2653 Oct. 17 3 5753 Dec. 4554 Apr. 23 28 17 12 23 Jan 3 198 Mar. 29 110 24 Sale 1754 31 July June Jan. Sale 34 Dec. 90 Mar. 31 1454 Jan. 13 17 154 354 % 25 193 5 3054 2 38 30 9 5 53 Jan. Jan. 25 4154 1654 154 1 June 1654 Jan. Jan. 2 Nov. 10 Apr. 25 Apr. 28 63 53 Nov. 15 2 54 Jan. 10 7 753 July 153 Jan. 15 1653 Dec. 30 % Dec. 21 253 Mar. 3f Jan. 9 Mar. 30 120 Aug 9 111 54 Jan. 16 14 Nov. Mar. 554 Mar. 26 101 88 2554 Jan. Ifg Mar. 25 25 13 14 2 20 Jan. 2 26 10 110 WA Mar. 3r Jan. 12 7 25 1953 July 23 4853 Nov. 12 26 18 154 Jan. 454 Jan. Jan. 3754 354 19 5 6 5 110 56 3 12 1554 30 Mar 1253 Mar. 31 Jan. 27 121 37 54 Sale 25 Jan. 14854 146 25 2154 Jan. 2154 Sale 1054 Jan. 11 135$ % 3554 Jan. 354 Jan. 146 31 1 14 30 30 54 26 354 Mar. 29 Mar. 25 4154 Jan. Sale 34 Jan. 9% Mar. 31 113 Sale Nov 40 99% Apr. 26 10854 Jan. Jan. Jan. 5754 Sale 77 7854 Sale 154 154 2 1 % 4 54 454 4% Sale 29 26 2854 26% 16 14 14% 13% 12054 120% Sale 2054 Sale 24% 28 2554 29 25% 115 71 Mar. 31 7 Jan. Jan. 21 Augl July 10 13 4 $ 26 38 26 14 54 Jan. 253 May 24 753 Mar. 31 2254 Jan. 2354 Jan. 654 6 754 154 154 Sale 154 5254 5654 Sale 5454 100 54 10054 105 Sale 954 Sale l\V* Sale 9054 95 Sale 954 Sale 1154 Sale 28 Feb. 23 28 654 254 Sale 41% Sale 75 26 Jan. Sale 1254 12154 123 Sale 1 26 1254 Jan. 554 Jan. 354 14 148% 21% Feb. 20 1 Sale 42 Sale July July 55 Sale 24 Sale 121 82 47 54 Jan. Jan. 1554 Sale 10354 109 Sale 13 23 26 Jan. Sale 29% 43% 812 Dec. Sale 9 1354 554 1054 2954 16 "7% "9% 454 3254 .8% Sale 2354 26% Sale 142 130% 142 1254 14% Sale 4854 52 54 51% 1954 22 54 21% 42 54 4554 40% 11454 114% Sale 6554 70 Sale 554 354 Sale 1554 Sale 654 30 28 9 3254 30 33 27 Feb. 25 13 1453 June 17 58 Apr. 5 11 17 114 8554 83 Nov. 12 IV4 23 Dec. 55 3 3 Sale 1754 10654 Sale 105 94 61b Sale Sale 56 5754 7 Oct. 14* 18 3 •Y- 80 89 54 Oct. 22 1 Jan. 37 Jan. 9 110 26 1754 Jan. Jan. 55 1 July 14553 Sept. 22 2854 Nov. 9 13 54 Mar. 29 953 Oct. 17 Mar. 29 5 Jan. Jan. Jan. Sale 354 Sale 54 54 1354 Sale Sale 50 24 123 % 8% 51% 192% 11 27 Ill 54 Sale ' 54 854 110 Sale Sale 5 2 Sale 5754 55 Sale 113 115 123 21 1254 Jan. 3554 Jan. 16 Jan. 16 Jan. 2754 Jan. 3234 Jan. 254 Jan. 7 Jan. Sale 254 754 354 3 110 110 57 110 Sale Sale Sale Sale July 20 3 17853 3654 Jan. Sale Sale 26 Jan. 108 14 54 3854 1854 1654 46% 9 Nov. 14 if* 29 June 127 454 Jan. 354 Jan- 1954 Jan. 10 1054 Sale 107 106 Sale 18 22 July 2053 31 June 154 Oct. Oct. 70 3654 Sale Mar 5 3 Nov. 15 30 1754 Mar. 31 1153 Apr. 1 73 54 35 7354 3654 67 37 Sale Mar. 31 12 53 Mar Jan. Jan. Nov. 19 9453 2553 3053 1153 Sept. 26 1653 1(653 Mar. 3i 11554 10554 Mar. 3f 11353 Mar 29 1053 654 Mar. 3( 65 20 2654 Jan. 13 1354 Jan. 25 11754 Jan. Jan. 10 3 Nov. 10 28 17 16853 Oct. 21 Nov. 12 19 Jan. 1054 May 27 Jan. Jan. Nov. 53 Nov. 10 1453 Dec. 21 14 Mar. 25 6 Jan. Jan. 29 15% Mar. 31 150 4 1554. 1253 Jan: Mar. 21 8% Mar. 3( Jan. 55 57 : S5.50 conv 1st pref- — 15,000 21,900 Outboard Marine & Mfg Mar. 3( 20 4 Jan. 26 13 20 7451 354 5054 354 1054 1®® 6% preferred Otis Steel Sale 1954 50 preferred/I North American 3.400 13 52 54 112 % 100 1®® 32.000 Norfolk & Western--^ Preferred 7.460 2,068,100 North American./- Sale Jan. Jan. Jan. 4 175 Jan. 2154. 1254 Jan. 11154 Jan. 75 8 100 24 Sale 3% stock — 1 24 Jan. 92 ■ 2154 Sale 54% 3% 10% 20 Western —100 Shipbuilding pt 7% preferred N Y 26 Jan. 10954 111 109 Sale 10954 Sale 110 7 554 654 754' Sale 554 454 454 554 4% 2354 2554 Sale 27% Sale 1654 1554 1554 2054 18 12 1454 Sale 16% Sale 22 2354 Sale 27% Sale 165 170 168 168 165 Sale 13754 143 13754 Sale 1854 2154 Sale 26 % Sale *7 54 754 Sale 8% Sale Sale Sale 6854 75 80 1154 1254 Sale 15% Sale 1654 1654 Sale 19% Sale 34 165.500 {NYNH & Hartford100 Convertible preferred..100 174.600 Jan. 954 2554 1554 14 54 2554 Jan. 100 59% irA 21* * 100 100 50 50 1354 2054 24 28 28 28 Jan. 1354. Sale Sale 61* 13020* 100 Sale Jan. Jan. . 5 4% 20% 14% 654 Sale Sale 13% 115% 10754 111 10654 Sale 554 Sale Sale 92 100 25 Sale 65^ 407,400 7,380 92 754 1854 1154 1054 2354 16954 21 170 169 1554 1554 78 1,251,100 Nat Gypsum Co.-—-*-.7—-1 20% 10 689.100 National Lead 155 5.600 7% preferred A 100 5,250 6% preferred B 100 ~\m 100.800 Nat Mall & St Cast's Co—— -* 7% -* 714,900 Nat Power & Light 5854 National Steel 25 374,000 18% 10 665,900 Nat Supply Co of Pa $2 preferred 40 81,550 31,300 5)4% prior preferred 100 900 6% prior preferred 100 70 74,300 National Tea Co 85. 105,500 Natomas Co ——1 18,800 Neisner Bros Inc 2,300 454% conv serial pref—100 — * 11,700 Newberry Co (J J)__2,550 5% preferred series A—100 1 946,800 Newport Industries Inc 70,700 New York Air Brake 4,061,100 New York Central 175,200 N Y Chicago & St Louis —100 322,200 6% pref series A 187,600 N Y City Omnibus Corp 13.510 New York Dock Sale 170 169 160 Sale 754 1854 1354 1254 2454 Sale 22% * — * Nat Dairy 300 1,800 1,260 14 25% Sale — 26,100 6% preferred —10 511.500 Nat Distillers Products----.* * 9,900 Nat Enamel & Stamp " 6",200 Corp.- Prod Corp— — * 3,060 7% preferred class A 100 4,690 7% preferred class B 100 * 134.700 National Dept Stores.-- 638,65,) Sale 14% 100 5% pref series A w w Nat Bond & Share 8% 24% 14% Sale 1754 314,100 806.500 10,600 38.600 4,100 12,500 384,200 Bid Sale 9 54 11% 1054 Ask Ask Bid Sale 5 1,211,100 Nash-Kelvinator Corp 16,860 Nash Chatt & St Louis —100 1 187,800 National Acme 10 19,500 II,100 Ask Bid Par Shares Shares Jan. 31 3 Jan. 154 Mar. 26 5% Mar. 26 I* Apr. 23 3 254 Mar. 26 54 Mar .26 43 3 9 5% Nov. 23 1 Mar. 7 38 N. T. STOCK EXCHANGE-STOCKS AGGREGATE SALES Price STOCKS 12 Months 1938 Par 383,800 Philip Morris & Co 10 23,000 5% conv pre! series A--100 4,900 Phillips Jones Corp * 460 Preferred 832,100 2,700 1,890 40,100 33,700 100 Phillips Petroleum Bid Ask 82 Sale 6 68 38 -.5 3 6 25 20 1,960 Pirelli Co of Italy Am shs 20 Pitts C C & St L RR Co. —100 36 27,200 Pittsburgh Coal (of Pa)... 100 18,000 6% preferred 100 21,000 Pitts Coke & Iron Corp. j... 26 — $5 conv preferred 34,690 Pittsb & 7,300 193,400 29,000 18,100 128,800 562,000 49,300 47 43,300 ' conv conv 337,200 31,500 14,800 6,300 5,550 Preferred 100 * $5 preferred * 6% preferred 7% preferred 100 1734 5* 43 Sale 56 Sale Sale Sale 955* Sale 1075* Sale 130 Sale 112 11434 130 150 8134 135* 13 Sale 80 67 1934 2034 1 23 26 Sale 19 Sale 50 25 3034 24 30 50 5 Sale 35* 45* 100 30 39 Reis (Robt) & Co 1st pref. 100 Reliable Stores Corp * 7 254 20 17 2334 1854 2534 201* 41* 9 41 734 754 93* Jan. 12 41 5 1695* Jan. 25 93* Jan. 17 145 Sale Sale 42 10 Jan. 27 14 Jan. 5 40 Jan. Jan. 4 42 Jan. 14 23 9 30 Jan. 25 245* Jan. 36 34 Jan. 12 Jan. 26 Jan. 3* Jan. 203* Jan. 4 Jan. 20 654 Jan. 8 15* 1134 115* 3434 5654 Sale 38 Sale 30 27 26 x53 54 116 Sale Sale Sale Sale Sale 32 26 65* Jan. 26 6154 Jan. 234 Jan. 183* Jan. 27 2 34 Jan. 19 14 Sale 203* 1534 22 54 1834 Sale 4 5134 10 34 103* 4234 834 Sale Sale Sale 13 Sale 20 26 28 25 Jan. 9 203* 434 175* Jan. 26 4 9 72 7414 78 73 75 67 6934 65 Sale 154 2134 7% preferred 5 3*% preferred 100 100 IP Sale 31 r« Jan. 24 Jan. Jan. 27 Richfield Oil Corp 14,800 Ritter Dental Mfg * 27 Jan. 27 Jan. 64 Jan. * Roan Ant Cop Mines new Ruberoid Co cap stk new..* ...100 St Joseph Lead 10 {St Louis-San 80 5% preferred 287,000 Safeway Stores 2,980 5% preferred 4,020 6% preferred 9,100 7% preferred 62,600 Savage Arms Corp 480,200 Schenley Distillers Corp 29,500 534% preferred 628,200 {SchulteRetail Stores 62,600 8% preferred... 37,57n Scott Paper 60 $4.50 conv 100 {Seaboard Air Line Sale Jan. Jan. Jan. Sale 24 77 14 80 Sale 5034 1154 785* 754 4034 54 1234 100 5* Jan. 4 Jan. 4 80 Jan. 27 5 56 V IP I?* 2 2. 3034 Sale c \H 25* Sale 534 73* 18 Sale Sale Sale 100 Sale * 18 Sale 24 8ale 17 100 74 75 68 54 2 34 20 34 3 * Servel Inc. 1 54 13 * 16 * * * 634 Shattuck (Frank G) Sheaffer (W A) Pen Co * Shell Union Oil * * Convertible preferred..100 Silver King Coalition 5 * 10 * Sale 25* Sale 354 Sale Sale 17 573* 75* 2334 16 3* 6034 8ale Sale Sale 25 Sale 97 Sale 4 34 44 34 . 654 Sale 1834 Sale 3 1053* 1834 Sale 3734 Sale Sharon Steel Corp Simonds Saw & Steel Co 134 3 5 * Simmons Co..^ 1 465* 11 Sale Sale 134 Sale 100 Seagrave Corp (The) Sears, Roebuck & Co Simms Petroleum 9 1634 3354 Sale * Conv pref series A Sale 96 93 * $5 conv preferred Sharp & Dohme 934 58 Sale 934 734 •1454 Sale Sale 8234 Sale Sale Sale Sale ft AV4 Sale 27 1 40 34 134 134 733* 173* 1954 61 23* 69 5* 93* Sale Sale 71 2 25 Sale 17 34 Sale 155* Jan. 5934 554 60 Sale 283* Sale 15 Sale Sale 65* Sale 3234 Sale 334 Sale 215* Sale 2834 Sale 96 34 945* 69 47 South Amer Gold & Plat So Porto Rico Sug 8% preferred. page 40. 1 23* * 22 .100 128 Sale Sale 131 1123* Sale 254 Sale 1834 Sale 13234 334 Jan. 28 Sale 2 34 3 2034 243* 94 1634 1334 13 3* 1234 1123* 254 1734 138 5 5 i5 5 15 *4 26 69 Jan. 11 27 754 Jan. 4834 Jan. 1154 Jan. 5 25 Jan. 24 Jan. 5 Jan. Jan. '534 Jan. 2534 Jan. 26 1534 7 106 34 23 7 27 325* 27 Sale 21, 26 Jan. 9434 Jan. 80 Jj*n. 101 Jan. 31 14 9 334 215* 2934 9534 Mar Mar. Mar. Aug. 65* Mar. 2054 Apr. Jan. Jan. 10 Mar. 27 93 Mar. Jan. 3 Jan. Jan. Jan. Jan. Jan. 4 .18 Mar. Mar. 234 Apr. 3 14 34 5 1834 Mar. Mar. 22 25 80$ 14 Oct. 13 18 July 19 23 Nov. 12 70 34 Nov. 18 93* Nov. 12 4934 1234 2854 1854 106 34 934 35 34 33* 24 34 98 122 5 91 13 May Apr 105 5 26 3 10 Mar. 4 854 Mar. 103* Mar. Jan. 3 1143* 3 3 16 1854 11 139 1634 Jan. 1454 Jan. 13 5* Jan. Jan. 4 21 Jan. 10 Jan. 20 Jan. 24 111 Apr 1 H Mar 1534 Dec. 128 Jan. Nov. 12 Nov. 16 Oct. 14 July 20 Oct. Jan. 11 Nov. 7 9 17 Jan. Nov. 12 345* Jan. Mar. 112 Jan. 10 45 3* 3 3 July Mar. 26 6 Jan. 3* 45 26 132 Mar. U 5 3 4 23 27 34 Feb. Jan. r84 Jgn. 234 Jan. 1654 Jan. Mar. 3 12 Sale Sale Jan. 19 Sale 113 5 Feb. 1034 Nov. 25 6 1034 Oct. 1135* Dec. 23 36 2 Nov. 14 Nov. 18 Jan. 154 Nov. 25 93* Mar. 5 July 12 Sept. 25* Dec. 47 Jan. 26 Nov. 25 Dec. 2 Mar. Jan. 18 103 Jan. 26 1954 Jan. Sale 34 5 Oct. 22 July 20 July 20 27 34 Jan. 85 30 100 1454 Jan. 13 34 Jan. 125* Jan. 14 Jan. 6 1 June 345* Mar. 11234 Dec. 5* Jan. 234 Jan. Jan. Jan. ei* 3* 2254 Jan. 534 Jan. Sale Sale 4 12 28 234 Jan. 1834 Jan. 96 3* 25 Jan. Jan. Jan. Jan. 105* Sale 1034 3034 28 315* 13 5* Sale 115* 1053* 106 10434 Sale 6 2 3 34 745* 1854 215* 47 6 19 Jan. 24 44 108 1 Jan. 5 > Sale Mar. 1034 Jan. 23 483* Jan. 4 114 34 Jan. Jan. 75 Mar. 8** Mar Sept. 3 15 Sale 68 13 67 334 29$ 8* 79 Jan. Sale 154 354 534 3 A* Jan. Sale 49$ 21 r> 7 Sept. 9 12 3* July 26 8 4634 Jan. 5834 Jan. 11 7 834 Jan. 934 Nov. 30 13 34 July 21 205* Jan. 19 33 34 Dec. 16 Jan.10 26 9 3 Mar. 21 Jan. Jan. O 26 58 Jan. Jan. Jan. 27 Dec. 15 94 183* Jan. 109 Jan. Jan. Mar. May Dec. Mar. 31 31 17 54 Jan. 15* Jan. Mar. 134 Mar. 15* Dec 72 19 Mar. "S Jan. 3 6 513* Jan. 5 Aug. 5* Dec. 26 Jan. 16 88 114 1354 Jan. 234 6834 103 110 26 Sale 83 Sale 3 106 11 Jan. 455* Jan. Jan. 1145* 113 101 1454 8ale 13 68 Sale Sale U 10434 Jan. Sale Sale 15* Jan. Sale 334 2 Sale 100 Sale 25 10834 1554 1434 10034 103 1834 Sale 1634 Sale 1434 Sale 1354 Sale 113* 34 Jan. 13* Jan. 3IH Mar. Mar. IP Jan. 96 Sale ?834 8ale 34 13* Jan. 465* Jan. 5* Jan. Sale 100 9054 24 24 26 20 Sale 7 105 Jan. 134 Jan. 375* Jan. 106 97 100 734 Apr. 4 75 534% preferred 5 934 Jan. 1634 Jan. 25 8234 Jan. $6 preferred Smith (A O) Corp ♦ 10 3* Jan. Sale Sloss-Sheffield Steel & Ir.100 Socony Vacuum Oil Co Inc. 15 Solvay Am Corp—■ 26 27 33* Jan. Sale * 854 Jan. 73* Jan. 1334 Jan. 3754 Jan. 9234 Jan. Sale 10 31 3 1634 Smith & Corona Typewr Jan. 3 28 Snider Packing 58 Jan. 87 .--r* 4 24 Jan. 100 6% preferred Jan. Jan. x55 3 ....25 Skelly Oil Co 1154 Jan. 29 334 Sept. Dec. Nov. 14 Oct. Dec. 29 Jan. 21 Dec. 10 45 20 34 4734 11 54 Sale 45 77 34 Dec. 19 Nov. 27 3 54 Oct. 24 Nov. 12 Nov. 16 2554 783* 7734 1954 Apr. 27 9 46 4834 11334 114 Sale 13* 18 65 28 27 29 Sale 23 May 734 Mar. 173* Mar. Jan. Sale 365* 9234 Sale 23 2154 234 83* 16 Jan. 5 Jan. 10 Sale 100 38 Sale * 4-2% preferred Seaboard Oil Co of Del 5 5 54 Sale Dec. 39 34 Mar. 55 4 1 113* May 5 5134 1334 88 * preferred 5 4 Jan. Jan. 77 100 100 26 23 23 85* 34 534 15* Jan. 2554 Jan. Jan. Jan. Sale 20 13 25 23 18 66 58 Jan. 954 10 1154 July 13 34 July 1754 July 78 77 41 19 26 Jan. 69 77 Sale Sale Sale July July 954 Mar. 30 49 34 May 2 75 1034 4454 5734 58 3034 Jan. 40 88 734 433* Sale Jan. 13 15 25 25 203* Jan. 4034 Jan. 80 11 18 20 30 5 Sale 10 Apr. 28 21 2434 Jan. 29 34 Jan. 22 Jan. Jan. 65 65 J* 11 30 11 11 1 June Oct. 66 J4 Dec. Jan. 24 July 68 Sale Sale 80 17 534 Mar. 30 9 July 19 1534 Nov. 10 163* Jan. 14 934 Oct. 21 13 26 165* June Sept. 21 88 34 24 Jan. 58 16 Mar. 30 Apr. 5 5 Jan. 9 Sale -.1 12 1434 Jan. 63 8 95* Jan. 11 54 Jan. Nov. 12 39 34 Nov. 10 13 34 July 20 983* Jan. 18 1734 Jan. 753* Jan. 40 Sale 35* 295* 813* 100 13* Jan. 6 38 Sale 1954 2034 Sale 7234 Sale — 60 134 15234 Dec. 20 Mar. 22 13 '* June 21 25* Mar. 25 34 3* Mar. 29 9 3* Jan. 13 12 117 June .§* ;gM 32 Francisco. 100 6% preferred 100 {St Louis Southwestern..100 72 68 Mar. 15* Sept. 28 145* June 20 May 26 Jan. Jan. Jan. Jan. Jan. Jan. 18 35 34 Jan. 45* Mar. 31 60 3* Jan. 31 37 3* Mar. 31 . 40 60 50 68 1134 Sale 122 3* May 10534 Oct. 25 1185* Nov. 30 Mar. 29 38 74 90 81$ 2454 Sale Sale Sale 17 22 17 30 1434 Dec. 28 4234 Dec. 20 59 Oct. 27 10134 Apr. Apr. Jan. 5 Jan. Nov. 112 132 Jan. 454 Jan. 14 34 Dec. Mar. 25 86 3* Mar. 9 22,3* Jan. 2334 1854 2534 205* 4 3* 114 Jan. 70 71 81 * 892,000 {Rutland RR pref 60 134 18 754 103* 1234 733* 8 Sale Sale Sale 75 70 23* Jan. 50 70 9 1434 23 25 62 8 25 Jan. Jan. 1434 Jan. Sale Jan. Jan. Jan. Jan. Jan Oct. Dec. Mar. 2154 May 27 83* May 26 81 Apr. 19 74 34 June 18 6734 Jan. 26 100 Sale 26 Mar. 112 27 25 1173* Jan. 26 3954 Jan. 21 Sale 12 Sale 26 Jan. 163* Dec. 31 354 Jan. 13 4 34 Mar. 19 25 11 Mar. 135* Mar. 3934 Mar. 23 23 2554 July Mar. 5 26 6 9 19 534 134 34 13* 45* 5 31 31 Jan. 5* Jan. 8 5 10 13534 Jan. 4 154 Jan. 105* Jan. 60 Pref with warrants 101* 4 Jan. 24 52 34 Dec. 15 Mar. 1? 12 254 Sale 1734 Nov. Jan. Jan. 75 65 Sale 45 Mar. Jan. Sale 80 Sale May 6 6 Sale Sale Sale Sale 23 Jan. Sale 73* luO Sale 5 3 1234 25 1 4 119 1 Mar. 14 5 Jan. Jan. Jan. 21 119 Jan. 9 35 Jan. 4 10654 Jan. 24 Nov. 3 4 12 Rensselaer & Sara RR Co. 100 10 26 2* 1454 1434 43 34 5634 75 174 20 34 31 7634 Jan. 19* 7 14 10 12' 17 35 Jan. IT 93* Nov. 14 263* Nov. 52 May 90 July 734 Jan. Mar. 30 June Nov. 14 July July 93* July 25 165* Jan. 12 Aug. 5 30 July 29 Jan. 83 Jan. 4 43 9 434 May 734 Mar. Apr. 1134 Apr. Jan. Sale 161* Reliance Mfg Co Jan. 85* Jan. 26 5 Jan. 113* 86 3* 8134 13 5* 1234 834 1034 1034 113* 1234 Sale Remmington-Rand Jan. 1155* 11634 1165* Jan. 954 843* 155* 54 2234 834 165* 23* 7 27 Jan. 1034 Jan. 3134 Jan. Jan. Sale 16 Jan. Jan. Jan. Jan. 10 2 35 27 Jan. 1134 154 34 154 Sale 1155* 119 135 13334 13534 12934 Jan. 152 150 15434 Jan. Sale Sale 27 315* Jan. 86 4 11 67 Jan. Jan. Sale 23 5034 Mar. 9 4454 .luly 19 July 12 33* Mar. 31 1834 Dec. 23 334 Mar. 30 64 103 34 Jan. 115 Jan. Sale 8 2034 Jan. 734 Jan. Sale 94 6 26 Oct. 10 Oct. 10 8 3* July 9) 25 Sale 111* 'Sale 12 5 Jan. 63* Jan. Sale 11434 120 3834 Sale 16 4 33 5* 10654 Sale 15 9 Jan. .116 Sale "754 Jan. 5 Sale Sale 11 1133* 44 3o Sale 325* 104 295* 50 98,500 Reynolds Metals Co see Sale 14 27 166 Sale* 118 US* 32 13 23* Sale 60 4,600 534% conv pref 100 185,100 Reynolds Spring Co 1 409,600 Reynolds (R J) Tob cl B 10 3,470 Common -.10 1,703 Rhine Westphalia El & Pow_. 4,010 V/* c, 6 30 1443* 2 Mar. 31 30 3* Jan. 18 4 Mar. 29 2034 Jan. 3 39 Oct. 6 21 334 Jan, 18 303* 33 1334 Sale 3* Sale 205* Sale 834 Sale Sale Sale 25 Preferred 1,860 560 10,100 308,000 99,400 Sale 25 463* Sale 598,100 +Reo Motor Car .5 2,828,900 Republic Steel Corp * 18,300 6% conv preferred 100 25,800 6% conv prior pf ser A. 100 263,700 Revere Copper & Brass 5 10,900 Class A -.10 27,400 167,700 489,600 47,900 22,600 197,800 8,600 20,570 4,450 65,700 35,400 69,500 1,849.300 14 * 21,100 Real Silk Hosiery 276,200 35* Sale 834 Sale 85* Sale 3634 1634 134 34 134 141* 9 Jan. - June 25 434 Mar. 30 32 Sept. 29 273* Mar. 31 3 834 Jan. 253* Jan. 5 753* Mar. 29 1435* 114 4 23 20 Sale 8 Sale 93* Sale 2 34. 25* * 1st preferred 2d preferred 754 1154 3934 Sale 34 * ..... 165.500 46,200 247,000 11,800 1,006,200 488,000 104,300 9,000 238,800 21,700 168,400 1,470 Sale 1 Sale 155* 34 2234 41 Jan. Highest 65 47 14 Sale 71 * 1938 Sale Prices 175 171 125* * 27,000 Raybestos-Manhattan 156,700 Rayonier Inc 56,000 preferred 93,700 Reading Co 55,600 98,100 10,000 309,500 63,900 89,100 1,560 85* 1334 Sale 30 136 178,520 $3.50 conv 1st pref_ 902,600 {Radio-Keith-Orph Corp 2,320 5,000 29,900 7,320 415,700 19,500 1,520 Sale 3 26 10 435* Jan. 234 Jan. Jan. 10 3934 Jan. 63* 67 169 26 734 Jan. 19 554 41 123 $5 preferred B YEAR Lowest 115 16 Sale 100 13,400 16,700 60 166 37 8% preferred 100 Public Service El & Gas— Radio Corp of Amer FOR Sale Prices prices 9 24 Sale 83* 45 % 5% Pub Ser Corp of N J com 1,200 734 Jan. 36 734 4434 ..... ^ o Sale 24 ...5 50 115 5 26 1 common.. 1st pref 2d pref 4,400 $5 preferred • * 637,800 Pullman Co * 1,359,100 Pure Oil * 13,800 6% preferred. 67,800 5% conv preferred 100 349,500 Purity Bakeries * 12,000 Quaker State Oil Rfg Corp. 10 3,479,900 20 Sale 24 1005* Jan. 3 150 Jan. 11 7 Jan. 3734 Jan. 234 Jan. 3 38 * 225,500 Procter & Gamble 12,970 4434 Sale {Postal Teleg & Cable pf_100 5% 5% 40 4934 10$ IP * Pressed Steel Car 25 8 5 45* 40 Sale 734 2434 17334 * Class B 45 25 Sale 9 Poor & Co class B ■J** 40 63* 34 3* 5 3* Pond Creek Pocahontas Co Porto Rican Am Tob cl A 434 3034 3934 Highest Sale Prices 9134 Jan. 14234 Jan. 145 50 Sale 75* 245* 91 West Virginia —100 16,100 Pittston Co (The) * 198,500 Plymouth Oil 5 Sale 46 3* 55* * ^ Pitts Ft Wayne & Chicago— 720 7% guaranteed pref 100 278,300 Pittsburgh Screw & Bolt * 72,800 Pittsburgh Steel Co * 14,530 7% pref class B 100 10,080 100 5% pref class A 4,820 534% 1st ser conv pr pf_100 RANGE Lowest Ask Sale 36 Sale 11,945 JANUARY Jan. 31 Ask Bid Sale 95 Sale 141 2 54 35 Sale 100 3 Sale 3034 435* Sale J* 28 100 Bid 9434 14234 ..... "2» * Phoenix Hosiery Preferred Pierce Oil 8% conv pref Pillsbury Flour Mills IN 1938 Jan. Shares For footnotes PRICES Jan. 3 N# Y. STOCK EXCHANGE 10 Nov. 10 Oct. Oct. 13 13 24 Aug. 8 193* Aug. 26 15 Nov. 23 1654 Jan. 10 14 114 34 Nov. 29 29 334 Jan. 13 13 28 Jan. 10 4 141 Nov. 12 AGGREGATE SALES In 12 Months 1938 January 3,100 490 14,000 700 800 242,300 7,000 106,300 2,010 4,900 99,600 2,400 7,000 23,400 41,100 2,800 23,200 ' 22 5% preferred Mobile & Ohio Spalding (AG) 1st &'Bros 22 3 * 100 * 1 * 1 * * -2 preferred Spear & Co__ Spencer Kellogg & Sons Sperry Corp (The) v t c 1,190,800 Spiegel Co Inc 200 11*6 18*6 certifs—lOO S parks W ithington 26,920 122,200 1,291,900 27,600 115,000 298,700 521,300 43,800 283,200 18 % * 100 Southern Railway 69,600 SpicerMfg Co. $3 conv preferred A 5,400 460 38 2*6 6*6 19*6 16*6 12*6 39 1 * * --1 * Standard Brands.$4.50 preferred tStand Com'l Tobacco Standard Gas & Elec * * * $4 preferred $6 prior preferred $7 prior preferred 6.200 Standard Oil of Kansas-—10 14,900 171,200 84,600 5,300 680 43.800 7,700 38,300 6,400 2,900 800 23,700 18,900 50 5,000 < 27,100 150,400 1,516,100 379,900 283,800 377,10C 525,400 41,700 18,800 1,700 16.000 1,810 116,500 1,600 22,000 81,700 29,700 32,800 18,000 15,900 3,300 800 400 1,700 190 15,600 910 1,600 2,000 17,700 15,900 1,900 45,300 1,900 18,200 < . < 13,000 •3,300 25,000 2,800 20.700 1,200 8,000 900 41.900 4,900 2,300 320 27,300 4.100 5,000 J0.500 45,500 19.500 17.900 3,100 6,600 246,400 67,000 3,100 5 1,060 11,300 : ' 3,500 300 Sale 33 40 Jan. 23 2*4 35*4 2*4 6*4 38 3 25 39 Co—* -* 27 Texas Gulf Producing 74 984 55 $3 div conv pref Third Ave.nue 96,700 72,000 515,300 982,300 2,300,200 1.099,100 54,100 20,800 1,963,225 369,000 212,100 67,200 1,630 305,740 36,300 151,900 947,800 22,300 30,100 104,800 Sale Sale Sale Sale 13 Sale 4 10*4 14 4 88 82 104 394 Sale Sale Sale 11 54 34 814 54 143,900 Paperboard Co.— -.10 U S & Foreign Secur preferred & Foundry U S Pipe & Impt U S Rubber 8% 1st preferred-. US Smelt Ref&Mg ,20,875 Preferred see page 40. Sale 13*4 Sale 6 * 100 * 20 — 100 1*6 6* a\V* Sale Sale Sale Sale 6*4 50 27 4 100 20 * 10 100 50 50 21 S* Sale 32 Sale Sale Sale 63 75 26 Sale 4 Sale Sale 14 71*4 Jan 12^8 Jan 6*4 Jan 17*4 Jan 8*4 Jan lb 49 Mar. 5 6 May 3 5 June 5 5*6 Mar. 3*6 Mar. Jan 66 27 127*4 Jan 4 Jan 3 Jan 3 Jan b Jan 39*4 4*4 54 44*4 4*4 30*4 8*4 10*4 *4 6*4 10*4 111 7*4 31*4 17 llH 34 37*4 4*8 17*4 1*4 34 24*4 6*4 Sale Sale 115 Sale 89 *4 6*4 Sale Sale 35 4 Mar. 27 Jan. 30 Jan 3 17V, Mar. 9*4 Jan. 27 13 June 19 Mar. 21 Jan 6 22H Mar. 10*4 8*4 7*4 42*4 Jan Jan Jan Jan 4 7 5 24 34 Apr. 5*4 6*4 48*4 5*4 32*4 10*4 Jan 7 Jan 3 Jan 3 Jan 3 44 3*6 32*6 2*6 Mar. Mar. Mar. Mar. Jan 5 26 Mar. 30 38 Jan 6 7 Mar. 30 Jan 6 6*4 Mar. 31 12*6 Aug. 6 11*6 Feb. 10 26 July 22 25*6 Oct. 28 60*6 Oct. 26 July 13 Sale 224 46 Sale 101*4 57 4 63 Sale 61 62*4 Jan. 12 10*4 Jan 19*4 Jan 26*4 Jan. 26 28 18 7*4 Jan. 6*4 Jan. Sale Sale 26 24 17 Sale 24 42*4 Jan. 4*4 Jan. 29*4 Jan. 8*4 Jan. 7*4 Jan. Sale 27 4*4 Jan. 5*4 Jan. Sale Jan. 42*4 Jan. 4*4 26 30 7 74 43 Sale 26 26 28 27 9 24 Mar. 3r 3*6 May 27 4 31 30 30 29 2 22*4 Jan 4 13 Mar. 31 27 15 Mar. 30 28 19*4 Jan 58*4 Jan 3 Jan. 9 Jan. 3 4*4 Jan 16 25 Jan 4*4 Jan 7 10 53*6 June 23 2*6 Apr. 13 35 Apr. 12 2*6 Mar. 31 16 19 24 Jan. 37*4 Jan. 3*4 Jan. Sale Jan. 25 21 Jan 10 15 Mar. 24 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 17 2*4 3*4 28*4 3*4 15*4 14*4 95 k Jan 4 1 Mar. 31 Jan 10 Jan 3 Jan 4 Jan 3 Jan 5 Jan 23 14 3*4 20*4 2*4 11*4 12*4 94*4 13*4 43,4 6*4 7*4 Sale Sale Sale Sale Sale Sale 26 3 26 27 30 24 9 27 27 27 40 18*4 54*4 7*4 10*4 10*4 Jan 3*6 Mar. 30 8*6 Mar. 28 1*6 Mar. 28 5*4 Mar. 30 10*6 Mar. 29 77*6 Apr. 29 Jan Mar. 30 3 4 26 Jan 4 Sale 3 24 4 Jan 5 4*6 Apr. 1 2*6 Mar. 30 Sale 86 Jan. 23 88 Jan 9 Sale 4 Jan. 24 10 10 21 24 26 28 25 3*4 Jan Jan. 23 8*4 Jan. 26 3*4 Jan. 25 30 Jan 4 3 57 Jan. 27 66 Jan. Jan. Jan. Jan. 26 3 82 Jan. 28 Sale 21 Jan. 28 Sale 33*4 Jan. 9*4 Jan. 24 Sale Jan Jan Jan Jan Jan Sale 16 17 Jan 7 23 113*4 Jan 65 Jail 26 17 Jan 23 23 Sale • Jan. Sale Sale 65 27 26 27 26 3 13 26 26 26 Jan. 12 4*4 Jan. 20 3*4 36*4 5*4 8*4 72 6 4 33*4 68*4 12*4 Jan Jan Jan Jan 11 9 Mar. 30 44 Mar. 25 13*6 Nov. Mar. 27 70*6 Nov. 25 6 15*6 Aug. 90*6 Nov. 10 A* 3 5 7 20 3 5 28 100 20 6 3 11*4 111*4 7*4 5*4 Jan. 13 Sale Jan. Jan. Jan. 24 7*4 82*4 *4 5*4 Jan. 26 11 Jan Jan. Jan. Jan. 24 86 Jan 5 *4 Jan 7*4 Jan 10*4 Jan 24 Sale 33 Sale Sale Sale 8 Jan. 26 95 Jan. 173 Jan. 27 113 21 175 7 *4 26 32 27 6 Jan. 30*4 Jan. 18*4 Jan. 4*4 Jan. 8 Jan. 26 27 26 20 64 61*4 Jan. 41*4 Sale 37 *4 Jan. 26 4*4 Sale 4*4 Jan. 30 4 Jan 4 Jan 18 24*4 Jan 5*4 Jan 10 *4 Jan 61 *4 Jan 47 *4 Jan 5*4 Jan 52*4 Jan 5 26 Sale 95 Sale 90 26 104 Sale 56 24 23 3 19 40*4 Jan. Jan. 4 Jai- Sale 52*4 Jan. 60 Jan. 4 Jan 44 57*4 66*4 5 3 4 20 3 Mar. 10*6 80*6 »8g 114 Mar. Mar. 44 24 Mar. 31 M ar. 21 Mar. 29 June 20 Mar. 29 Mar 19 Nov. 14 July 18 Jan. 10 25 Oct. 14 Nov. 22 Nov. 10 8IS Jan. 18 9*6 July 23 30 5 2 Mar. 31 3 21 Mar. 31 Dec. 13 12*6 Nov. 10 115 28 173 13*6 Mar 31 3*4 Mar 30 5*6 Mar. 26 50 12 Dec. 13 May Dec..28 3*6 Mar. 26 54 Mar 3f 55 Jan. 10*6 Aug. 20 8*6 Oct. 27 Sept 4*6 Apr. 162 4 Nov. 10 67*6 Aug. 8 12*6 Nov. 10 Mar. 8*6 Mar. 62 21 Nov. 10 July 21*6 Mar. 50 9 Oct. 118*6 Aug. 19 73*6 Nov. 10 20*6 Nov. 10 4*6 Oct. 17 Oct. 17 38 7*6 Jan. 12 Jan. 4*6 Mar. Apr. Mar. 20 Sale 5 20 60 3 Jai! 12 12 Sale 2 13 11 13*6 Nov. 12 Mar. 22 4 Mar 4*6 June Jan Jan Jan Jan 66*4 26 99*6 83*6 23*6 43*6 12*6 Apr. 4 115 24 39 Jan. Jan. 22*6 July 14 Sept. 110*6 Jan. 31 30 *4 6*4 8H 5 6 6 19*6 Mar. Jan. ,89 25 29 Mar. 20 63 Sale 29 Mar. 4 Sale 8*4 31 Mar Jan 8*4 Jan 7 *4 Jan 19 10 16 12 19 5 3 26 3 4*6 25 25 13 9 9 12 21 12 Nov. Mar. Jan. 6 98 6*6 Jan. 15*6 Nov. 28*6 Nov. 38 July 28 17*6 Mar. 55*6 Mar. 59*6 Apr 30 Sale 15*6 25 10 13 19 9 25 91 5 Sale 8*4 5*4 4 19 Jan. 13 July Nov. Jan. July Nov. July July July July Nov. Nov. Jan. Oct. Nov. July June 27 4 31 6 115 5*6 18*6 2*6 5*6 28*6 Mar. Mar. Mar. Mar. Mar. 4 Sale 12*4 90*4 19*4 98*4 84*4 23*4 41*4 13*4 Jan Jan Jan Sale 9*4 81*4 18*4 88*4 Sale d* 77 6 12*4 Jan 4*4 Jan Jan 1 Oct. 16 34*4 Jan 25 26*4 Jan. Jan. 11 3*6 5*6 16*6 25*6 2*6 4*4 Jan 13*4 Jan 26*4 Jan 31*4 Jan. 3*4 Jan. Jan. 8 19*6 8 Jan. 24 5*6 June 29 55*6 12*6 10*6 12*6 5*6 Dec. 15 Nov. 9 Jan. 11 Oct. 17 Nov. 10 49*6 Aug. 6 5*6 Dec. 31 Mar. 31 8 3 10 Jan. Sale 10*6 8*6 9*6 49*6 31 4 Mar. 30 3 Jan Jan 8 Sale Sale 63 Mar. 31 Jan. Sale 66*4 4 *4 4 Nov. 10 29*6 Oct. 4 58*4 4*4 444 3*4 3*4 60* Sale 55 Mar. 18 Sale 9 Dec. Mar. 56 19 Sale Sale 6*4 29*4 21*4 4*4 Oct. 21 128 Feb. 28 175 Sale 119*6 8*6 17*6 14 13 26 33 101 Jan. 17*6 Nov. 1 9*6 Oct. 21 65*6 Dec. 31 2b Sale *4 5*4 8*4 71*6 Nov. 16 12*6 Dec. 30 2*4 Jan. 16*4 Jan. Sale Sale 82 Mar. Mar. 45 6 7 Nov. 14 58*6 July 25 344 Nov. 14 Mar. Sale 11 5*4 17 50*1 Apr. Jan. 14*6 Mar. 10 43*6 &>ct. 28 1 44 Mig. 23*6 Nov. 12 32 July 20 9 15*6 Aug. 113*4 118*4 113*4 Jan. 54 Jan. 56*4 Sale 15*4 Jan. 15*4 Sale 17*4 Sale 3 2*4 Jan. Sale Sale 34 314 Jan. Sale 4*4 Jan. Sale 4*4 Sale 5*4 Jan. Sale 6*4 Sale Sale 3 Mar. 24 22*4 72 3 34*6 July 25 Mar. Jan. 119 Sale Sale 13 Dec. 25*6 24*4 32*6 39*6 17*6 31 87 4*4 2 7 Sale Sale 16 23 Sale 27 July July Jan. Mar. 29 11*4 38*4 3*4 22*4 13*4 95*4 15*4 46*4 6*4 8*4 8*4 3*4 Sale Sale 23*4 Sale 5*4 Sale 10*4 Sale 70 60*4 47*4 Sale Sale 55 Sale Sale Sale Sale 85 6*4 Jan. 27 85*4 18*4 93*4 82*4 21*4 39*4 10*4 Sale 5*4 52*4 Sale 50*4 Jan 53*4 Jan 33 *4 Jan 20 Sale 173 166 ---5 * * * 90 14 26 Jan. 10 7 Sale 5 Sale 6*4 Sale 35*4 3*4 7*4 4*6 29 4 Jan 124*4 120*4 Jan. Sale 8*4 Jan. Sale 10*4 112 71 Preferred 59,500 US Leather Class A 167.800 For footnotes * Corp 26 d*Sale Sale 5*4 8*4 66*4 6*4 32*4 65*4 11*4 United Merch & Mfrs Inc vtc 1 *4 Jan 28*4 Jan 14 26 11*4 28 3*4 3*4 3 4 28 5 9 Dec. 29 23 13 13 31*4 3*4 22 4 17 * Preferred 181.000 U S Industrial Alcohol . 12 26*4 34*4 65 --* * United Gas Impt Co Prior 4*4 115 5 United Fruit U S Realty 97*4 13*4 16*4 100 5 United Eng & Foundry 5,400 Sale 41 10 United Electric Coal Cos Sale Sale 22*4 5 United Drug Inc United 6*4 34 —--- 94*4 18*4 Sale Preferred Dyewood Sale Sale 98*4 83*4 100 4*6 Mar. 30 10*6 Sept.. 14 19 Sale 90 100 20 26 13 4*4 25 20 5*4 Jan. Sale 65*4 11*4 ' 5,100 U S Oistrib Corp Preferred 9,220 71.700 US Freight 262,000 U S Gypsum Co 2,340 7% preferred 63.900 U S Hoffman Mach 54% conv pref 4,400 354,800 438,600 4,438,700 960,300 109,100 94 Sale Sale 44 Sale 35*4 384 74 Sale Jan 19*4 Jan 24*4 Jan Sale Sale * Fisher—* * --5 United Air Lines Transport_5 United Biscuit of Am * Preferred '—100 United Carbon * United-Carr Fastener Corp.* United Corp * 5,900 200 n 10*4 27 13*4 Jan. 3 Sale 7 Sale 88 Sale 2o Sale 27 Mar. 31 26 14 15 Dec. 30 107*1 14 June 13 2 Jan. Sale 28*4 4 Jan. 26 Sale 16 Dec. Nov. July 18 July 26 Jan.-10 Feb. 5 3*6 Jan. 10 5*6 Jan. 12 11*6 Jan. 12 8 26 Sale 93*4 18*4 54*4 Sale 64 United Aircraft Corp Preferred 18 2 Union Carbide & Car United 40 Sale 3*4 Union Bag & Paper 229,500 Union Oil, California 176.600 Union Pacific 41,100 4% preferred 53.000 Union Tank Car 4 58*4 Sale 28*4 3*4 15*4 13*4 — Underwood Elliott 4 Sale 20 30 Sale Sale 5 3 19*4 Jan. Sale Sale Jan. 5 Jan 7*4 Jan 4 100 k Jan 14 2*4 Jan 24 5*4 Jan Mar. 30 17 Sale Sale Jan 30 Jan. 7 2 100 1 Ulen & Co 48 70*4 26 27 Jan. 8*4 4*4 SAle 6*4 Sale 2b Jan., July 25 July 19 Mar. 14 49*6 17*6 45*6 15*6 64 Mar. 31 48*6 May 26 12*6 Mar. 31 6*| Mar. 31 94 Mar. 18 Jan 9*4 Jan. Sale 9 44 *4 Sale * Rapid Transit- — * Twin Coach Co 74 424 Sale 44 $1.50 preferred Preferred 74 12 6*4 194 Twin City Sale 4 15*4 4 21 24 29 26 1*4 Jan. 3*4 Jan. 16 Oct. Jan. Mar. 26 19*6 Dec. 27 15*6 Mar. 30 7*4 Mar. 31 4 Dec. 29 46 6 6*4 Jan. 98 Nov. 10 4 Jan 25 x45 69 Sale 10 15*4 "14 "2~ 28 Sale 65* 37*4 Sale Jan. 26 10*4 5*4 14*4 58 63 34 13 Sale Sale 3 Sale 70 12*4 7 8 Sale Sale 10*4 18*4 27*4 Jan 21*4 Jan 47*4 Jan 16*4 Jan Sale Sale Sale 25 Dec. 30 Mar. 25 Jan. 23*1 $8 Mar. 30 2 4 *4 Jan. 26*4 Jan. 26*4 Jan. 50*4 Jan. 47 *4 Jan. 27*4 50*4 50*4 27*4 30 29 5 24 Sale Sale 17 24 Sale Sale 37*4 Jan 3*4 Jan Jan. Sale 28 50*4 17 26 Jan. 6*4 Sale Sale 7*4 Sale 58*4 120*4 1214 122 9 11*4 Sale 33*4 384 Sale 24 34 Sale 174 204 Sale 26*4 44,050 43.500 10,410 274.600 ^ Sale 63 56 1 10 100 18*4 Sale 5 W* 37 19 2*4 Sale 3*4 Sale 8*4 Sale 16*4 17*4 20*4 Sale c, Sale 4 -100 Sale Sale $3.60 conv 7% preferred 98 Sale 34 94 Sale Thermoid Co. Sale 24 Sale 3*4 Jan 24 26 17 Jan. Jan. Jan. 20 Sale Sale Sale 25 July #7 22*6 Jan. 12 31 31 30 30 17 27 4 Sale Sale 704 Mar. Mar. Mar. Mar. June Sept. 23 42*4 Jan. 11*4 Jan. 62*4 Jan. Sale 4 Jan Sale 74 Sale 194 94 54 84 174 24 4 Jan 26 40 14*4 294 154 32*4 9*4 8*4 21*4 19*4 19 - Sale 44*4 13*4 64*4 45*4 45 Sale 84 184 4 14*4 16 Sale Thatcher Mfg TheFairCo 44 54 Texas & Pacific —100 * preferred * -* Sale 154 Sale Sale Sale Tex Pac 7*4 21 19 Sale 34 & Oil—10 Ld Trust ctf s -1 Texas Pacific Coal Sale 7 8*4 47 3*4 2*4 Sale 37 Sale 37 42 Sale Sale Texas Gulf Sulphur 2*4 Sale 3 *8 Sale Texas Corp (The) ; 35*4 49 6 19,300 20,300 280,800 6,800 2,600 27 41 Sale Sale 7 41 10.600 Truscon Steel Co 10 722.900 20th Cent Fox Film Corp----* 7,300 6,500 11,200 30,300 *6% preferred 15.000 Thompson (JR) 25 177.300 Thompson Products * * 135,100 Thompson Starrett Preferred * 16,800 10 570,900 Tide Water Assoc Oil 33,000 $4.50 conv pref * 268,000 Tlmken-Detroit Axle Co—10 * 207,300 Timken Roller Bear 2 509,400 Transamerica Corp new 5 386,200 Transc & West Air Inc 59.200 Tran & Williams Steel Forg-* 402,600 Tri-Continental Corp 9,500 6% preferred —* 63.600 TruaxTraerCoal 9,800 1,600 50 34 64 64 1 5 6,500 1,400 170,100 35,100 16,300 4,200 230 11.200 2,600 26,300 100,600 770 4,500 14,800 Sale Sale 21 10*6 Sale Sale 9 50 Sale 5 470 200 24 14*6 174 34 16*6 23 4 Tennessee Corp 93.400 12,500 6,400 27 Telautograph Corp 30 500 * 1 —100 Without warrants 157,700 13,900 Talcott (James) Inc 800 ! 12 9.150 Sweets Co of Amer 232,500 Swift & Co 78,300 Swift Internat Ltd Symington-Gould Corp with stock purchase warrants_l 245,800 21,700 4,500 334 534 334 714 124 ** 74 94 44 47 4 10 (The)—50 25 21*4 Jan 23*4 Jan Sale 22 10 - 224 26 Sale 100 402,400 Sunshine Mining Co 122.100 Superheater Co (The) 565,000 Superior Oil 130,500 Superior Steel 54,900 Sutherland Paper Co 26 284 424 9 * 1 * 25 Jan. 16*4 Jan. 23*4 Jan. 42 121 - — 24 15 Sale Sale 54 4 Sale Sale Sale Sale 51 Sale Sale Sale 1,372,200 Stone & Webster 935,900 Studebaker Corp 43,000 Sun Oil 6% preferred 3,290 23*4 Jan. Sale Sale 54 95,300 Sterling Products Inc—.--10 5 316,400 Stewart Warner Corp 1 67,900 Stokely Bros & Co Inc 17 Jan. Sale 234 284 444 204 25 * 1,414.100 Standard Oil of N J 25.ICO Starrett Co (The LS) Highest Sale Prices Sale 14 Sale Sale 31 Lowest Sale Prices Sale 23 1 Highest Sale Prices 214 244 Sale Sale 28 H 33 4 Lowest Ask Ask Bid Bid Sale Sale Sale 27 3*6 Sale Sale 8% 22 Sale Sale 41 Sale Sale Sale Sale 106 *6 3 4 Sale Sale Sale 22 11,900 Standard Investing Corp—* * 868.100 Stand Oil of Calif 25 690,600 Standard Oil Co of Ind 200 , 8*6 53*6 18*6 7*6 .06*6 2*4 44 94 18*6 Conv $4.50 pref Square D Co class B 65,200 64,300 82,800 2.200 8,300 40,200 Ask Sale Ud 716,250 4,900 24,900 4,020 244,400 18,800 14,200 1,724,900 1938 YEAR FOR Sale Prices Jan. 31 Jan. 3 Par 2,400,700 1,281,200 100 r 1938 EXCHANGE Shares 17,800 212,400 138,100 70,600 RANGE JANUARY IN Jan. 3 185,200 Sou California Edison---—25 Southern Pacific Co-100 Shares • N. Y. STOCK PRICES Price STOCKS 39 EXCHANGE—STOCKS N. T. STOCK FEB., 1939] Nov. Nov. 9 4 10*6 35*6 30*6 7*6 13*6 July 19 Jan. 12 71 Nov. 12 Nov. 14 Oct. 11 Nov. 16 49*6 Oct. 13 July 25 56*6 Nov. 9 Jan 5 65*4 Jan 66*4 Jan 5 3 109*6 Nov. 21 45*6 Jan 72*6 Oct. 13 i444 Mar. 31 9 /55 Mar. 31 70*6 Mar. 5 40 N. Y. AGGREGATE SALES STOCK Price STOCKS PRICES Jan. 3 Shares Par 9,300 United States Steel * 7% preferred U S Tobacco 100 7% preferred Bid Ask 53 * Sale 105 * Sale 25 * United Stockyards Corp Conv pref (70c) United Stores A * conv * 5.420 Universal Plct 1st pref 76.300 Vadsco Sales Corp 100 * Preferred 14 Sale Sale 34* 32 Sale 15 430,000 Vanadium Corp of America.* 59.600 Van Raalte Co *5 184* Sale 97 105 1,050 7% 1st preferred. 100 41 Sale 35,300 Vick Chemical Co 5 30 Vicks Shreve & Pac Ry Co. 100 48,500 Victor Chemical Works. 5 173,000 Va Caro Chemical 3* Sale * 142,350 22* Sale 6% preferred 100 113 7,450 Virginia Elec & Pow 6% pf * 108 4,960 Virginia Iron, Coal & CokelOO 3* 4* 2,380 10* 18 5% preferred 100 2.700 Virginia Ry Co pref 100 114* 118 2,750 Vulcan Detlnnlng 49* 57 100 640 125 7% preferred 100 119 — A warr 8,280 $3.85 conv * 1 * 89.200 Waukesha Motor Co 5 140 $1 1st preferred 154,100 Wayne Pump Co 1 66,300 Webster Eisenlohr. 3,650 Wells Fargo & Co 61,800 Wesson Oil & Snowdrift 37,200 Westvaco Chlorine Prod.. 30 13,800 * Sa 23* Sale 99* Sale 130 14 32 12 Sale 24 Sale 15 34* 5% preferred 110 Wheeling & Lake Erie Ry. 630 100 85 9o 100 1.500 Preferred ♦ 16,500 $5 conv prior preferred. 5.000 White Dental Mfg Co (S S) .20 22 80 57 14 105 63 pref 271,400 Wheeling Steel Corp 567.600 conv ■- -.1 White Motor Co.. * 62,000 White Rock Min Spgs Co. 62.900 White Sewing Mach Convertible preferred 55,100 * * __ 59,500 Wilcox OH & Gas 5 238,300 Willys-Overland Motors 1 123,200 6% conv pref 10 * 312,900 Wilson & Co 56 cum preferred 36,100 ...100 140 Wisconsin El Pow 6% pf.100 ---10 154,200 Woodward Iron Co 795.300 Woolworth (F W)_„ 10 312,700 Worthington P & M 100 1,770 7% preferred A 100 400 6% preferred B —100 Prior pref 4*% serles--100 20,000 Prior pref 4)4% conv ser 100 31,500 3,417,200 10.470 Yel Truck & Coach class B.l 7% preferred. ..100 131.300 Young Spring & Wire * 1,449.900 Youngstown Sht & Tube—* 2.600 5*% preferred.. 253.200 Youngstown Steel Door 500.700 Zenith Radio Corp 219,700 Zonite Products Corp », o ^ * No PF valuf. Change of name a Deferred delivery r Sale 16 8* Sale 9* 10* 1* Sale 12* 13* 2* 2* 2* Sale 4* Sale 5 Sale 50 58 1 g 157 50 Jan. 3 Jan. 27 * Jan. 16 18 Jan. 24 22 Jan. 26 24 40 80 25* 4 28* 115 2* 7* 119 69 27 5 Sale "24* Sale Sale Sale 26 Sale 115* 1* 6* 10 124 Sale Sale 110 Sale 21* Jan. 3* Jan. 24* Jan. Sale 3* Sale 122 Sale 69 26 6* Jan. 24 120 Jan. Jan. 67* Jan. 26 1* 2* Sale Sale 2 2* 1* Jan 2* Jan 12 4 30 Jan 3 Sale Sale 6* Jan 42* Jan 19* Jan 28 Jan 23 2* Jan 34* Jan 5* Jan 37 Jan 26 7* Sale Sale 46 Sale 19* Sale 11 Sale 19* 12* Sale 2* 38 34 Sale 38* Sale 5* 36* 3* 41* 37* Sale 10 12 3* aV2 26 27 Sale 23 24 38 24 24 Sale Sale 20* 30* Sale 32* 4 2* Jan Jan 28 12 Jan 8* Sale 68* 81* 13* Sale 37* Sale 73* 80 13* Sale 2* Sale x 4 4 7 23 79 Jan 26 26 26 4 23 Jan Jan 3 3 Jan * 1* Jan 26 120 26 140 26 37 38 Sale 13 Sale 11 6* 1* 19* Sale Sale Sale Sale Sale 4 60 Jan 103 Mar. 31 144 Oct. 14 Oct. 24 Dec. 14 20* July 25 31* Dec. 30 10 Mar. 31 20 Mar. 31 Mar, 19 Anr. 31* Jan 4 80 Jan 27 75 58 Jan 9 60 Jan 4 5 12 Jan 23 26 13* Jan 4 7 Jan 4 1* Jan 3 15* Jan 27 19* Jan 3 3* Jan 3 Jan 3 2 Jan 11 3 Jan 12 19 Sale 4* Jan 13 5* Jan 19 14* Mar. 26 Mar. 29 95 Jan. May 27 10* Dec. 27 6* Mar. 31 Sept.28 61 Nov. 12 k Mar. 3* 6 Oct. 26 3 38 Jan 4 27 Mar. 53 Jan 5 Nov. 9 3 28* Mar. 55* Mar. 65* Jan 29 13 79 Jan 121* Dec. Jan Jan 31 61 * Mar. Dec. 28 28 33 Jan Sale Sale 105 Jan 12 26 19* Jan 46* Jan 5 Jan 5 $ 49* Jan 5 32 19 108* Jan 26 25* Jan 12 103 26 50* Jan 23* Jan Mar. Mar. Oct. 4 10* Mar. 5 36 Jan. 11* Mar. Sale 16* Jan 26 Sale 60 Jan 31 65 Jan 24 42 65. 65 Jan 18 65 Jan 18 70* Oct.. 31 35 45 Sale 108 Sale 77* Sale 79 Sale 32 Sale 27* Sale 18 105 y Aug. 24 Jan Jan 19 37* Jan 44 Jan Sale 15* Jan Sale 39 79 83 17* Sale Sale 3* Sale Ex-rights, name from Peerless 21 22 Oct. 19 26 120 Sale 26* Jan. June June 55 30* Sale 20* Sale 3* Sale Jan. 3 24* Jan Sale 17* 45* if Mar. 31 Mar. 31 Jan 4 41* Jan 107 22 Sale 4 15* July 19 July 25 101* 77* 26* 16* Sale Sale Sale 20* Sale 104* 108 19* Sale 54* Sale Mar. 19 Jan. 4 32* Nov. 12 3* 6* 5* 60* 106* 27* 53* 27* 72* 75* 48* 48* 54 60 9J 12 42 10* Jan 9* Jan 13 22 21 60 26 10 10 11 39 13 Jan Jan. Jan. Mar. 28 12 1* Jan 3 9* Mar. 30 31* 26 6 3 13 Nov. 22 1* Jan. 3* July 65 Jan 3 Sale 4* Sale V Mar. 60 K* 50 82 12 23 27 Sale 46 "75"" 120 3 7 Jan 105 Sale 5 Jan 20* Jan 23 .37* Jan 30 22* Jan 26 £32* Jan 15 28 30 29 2 119* Nov. 26* Dec. 30 * Dec. 22* Jan 6* 1* 2* 2* 5* 24* "25"" 50* Sale 4 126 Jan. 9 13 16* Mar. 31 34* July 20 15* Mar. 31 33* Nov. 9 61* Mar. 31 124* Nov. 10 14 1* 16* Sale Jan 3 4 97* * Mar. 80 Sale 6* 4* 26 24* Jan 31* Jan Apr. Mar. 12* May 2* Mar. 57* 11* Apr. 3 Dec. 39 116 Mar. Ill * Jan. 90 54 Sale 45* 25 Sale 26 4 90 79* 71 8 4* Oct. 1* Jan. July 82* July 102* Jan. 103* Dec. * Sept. 25* Mar. 4 Jan 73* 90 29* Sale 79* 92 59* Sale 10* 12 34* Nov. 10 4 Jan 8 Jan 74* 4 26* Jan 4* Jan 16 60 Mar. 30 1 * Mar. 74 130 31* 17 11 Sale 65 Oct. 17 Sale 55 Nov. 10 25 4 123* 24 116* 136 19* 30* 31 Mar. 30 70 18 37* Jan 19* Jan 30* Jan 3 Mar. 31 11 3 11 5 6* Dec. 16 16* Mar. 31 82* May 130 Jan 1* Mar. 31 5 18 108* 98 4 Mar. 31 Mar. 26 18 Sale Sale 20 * Jan 23 * Jan 5 Mar. 26 20 Nov. 20* Dec. 28 19* July 27 4 July 16 51 July 20 8 July 19 45 Aug. 6 4* July 15 16* July 15 3* Mar. 26 3 5 54 Mar. 26 92* Jan Sale Ex-dividend, Change of Jan Jan 15 26 9 87* Dec. 10* July 22 Mar. 31 8 2 2 20 11 28 10 20* Jan. 17* May 18 31 105* Jan 3 Jan 97 19* Sale 37* 38 20* Sale 31* Sale 59* Sale 26 119* 68 23 7 26 30 3 3* Jan 1 * Jan 28* Jan 140 22* 63 25 Sale 100 60* Sale 27 22* 26* 3 3 3 Jan. Jan. Feb. Dec. Oct. Jan. 11 July 23 4 3* Feb. 8* July 25 Mar. 29 Jan 21 21 28 4 * Mar. 30 Jan 30* Jan 24* Jan 32* Jan 21 25* Dec. 31 Mar. 21 74 2 22 Oct. 5* Jan. 32* Jan. Mar. 23 Dec. 7 Mar. 31 June 10 10 28 Sale 1 4 27 6* Jan 42* Jan 3* Jan 10 Nov. .Tan. 57 Mar. 30 116* Nov. 1* 1* 5* 13* 5 Jan 27 26 2* 4* 4 * 3 50* 20* 14* 2* 12 25* Jan 18* Jan 27* Jan 24* Sale 4 8* Sale 60 45 Jan. Jan 85 Sale 2 13 42 8 4* 15* 100 Mar. 29 120* 37 Mar. 31 77* 116* July 19 119* 18* Jan 88* Jan 9* Jan Sale Sale 6* Dec. 1 * Apr. 13 5* Mar. 26 Jan. 26 17 Sale 105 3 88 Nov. 12 19 113 June 13 * Sept. 28 2* Mar. 29 15* Mar. 30 3 Sale 16 37 Jan. Jan. Jan. Jan. Jan. Jan Sale Jan. 30* Mar. 30 1* Jan 3* Jan 1* Jan 6* Jan 16* Jan 31 97 19 25 30 Sale Sale Sale Jan. 118 Sale Dec. 15 86 May 11 159* Dec. 15 27* Mar. 30 83 Dec. 8 * June 22 1* Jan. 10 16 Mar. ~~ 28* Oct. 20 11 * Mar. 3 28* Nov. 9 14* Mar. 31 36* Nov. 12 Janl 8 11 120 24 72 Oct. 10 Sept. 9 July 21 July 29 July 25 52 Mar. 31 40 26 3 Nov. 12 June 20 134 Jan. Jan. Jan. Jan. Jan. 1* Jan. Sale "13* 81 40 25* 4* 31* 11 115* 25 2* 114 2* 7* Sale 12* 30 36 160* Jan. 67* Jan. * 19* 30* 33* 114* Feb. 7* June 13 80 119* 36 * * 48 Sale 18* 19* 26*. Sale Sale 107 Cash sales, from United American Bosch, 100 37 Sale 75 - 22.610 Wright Aeronautical Corp..* 31,400 Wrighley (Wm) Jr .-* 59.900 Yale & Towne Mfg Co 25 Jan. 28 34* 31* Sale 30 Jan. 114* 112* 113* 113* Jan. Sale 38* Sale 36* Jan. 100 5*% 53 12* Jan. 83* Jan. o 100 * 25 Jan. Jan. Jan. Jan. 71 * 91 * May 31 121 29* Mar. 30 36 40 Apr. 25 47* 3 Dec. 23 5* 7* Nov. 29 1ft* 1 * Mar. 26 3* 23 3* Sale 2* 3* 2* Jan 1 ' * 1 1 * 1 Jan Sale 28* Sale 26 25 Jan 78* 80* 74 71* 71* Jan 103* Sale 89* Sale 89* Jan 90 88* 103* Sale 102* Jan Sale 91 92* Sale 89 Jan 122* Sale 122 Sale £120* Jan 115* Sale Sale 115* 114* Jan 26* Sale 24* Sale 22* Jan 3* Sale Sale 3 Jan 6* 5 6* 5* Jan V/s * Sale * * * Jan 1 * Sale 1* Sale 1* Jan 100 ..* 30 45*. 3* 8* 2* 4 Highest 31 Sale 58 14 16* Sale 13* Sale 24* 25 100 Class A 1938 Sale Prices 11* Jan. 75* Jan. Sale 78 160* Sale • 890 YEAR Sale Prices 38 Mar. 31 Jan. 33* 112 39* 1 — 50 8* 50* 20* 14* 2* 35* 6* * 9,100 $4 conv preferred * -* 4,740 West Penn El Co A 8,610 7% preferred 100 8,250 6% preferred —100 5,150 West Penn Pow pref 7%--100 6,200 6% preferred 100 154,400 Western Auto Supply Co__10 66.800 Western Maryland. 100 100 479,800 Western Union Teleg * 384,700 Westinghouse Air Brake.. "50 1,232.500 Westinghouse El & Mfg .50 4,280 7% 1st preferred 71,200 Weston El Instrument 3 6* 18* * 2d preferred 14,300 42,100 Western Pacific 125.200 6% preferred 12 3* Jan. 7* Jan. 1* Jan. 53 Jan. Sale * 93,100 Warren Fdry & Pipe-- FOR Lowest Prices 26 70 Jan. 27 118* Jan. 24 35* Jan. 85 * preferred. 44 Sale 2 904,700 Walworth Co -.--* 144,800 Walker (H) Gooder & W Ltd * Preferred * 15,900 48,100 Ward Baking Co class A * Class B__ 101,500 * 18,650 7% preferred 100 1,388,200 Warner Bros Pictures --5 243,600 JWarren Bros Convertible preferred 19,800 45 1* 3* * * 100 Co Sale Sale 19 ..100 *% pref with 75 Sale 100 B 53* Jan. 113* Jan. 33* Jan. Sale 50* 11* 68* Sale 100 Waldorf System 4 157 Sale 20* 100 2 54 Sale 30 4 Sale Highest Sale Prices Sale Sale 147 * 9* Sale Sale Sale 11 50 10.900 3* 7* Sale 139 39,500 56,050 Walgreen RANGE ' Lowest Ask 116* 35* 44* 46 Sale A™ 40 100 46.000 +Wabash 74.400 Preferred Preferred 1,440 118* Sale 35* Sale * preferred Jan. 31 Ask Bid Sale 59* 69 4* 14,100 Universal-Cyclops Steel 23,500 Universal Leaf Tobacco Preferred 1,830 1.110 Bid 44 1 $6 JANUARY 1938 1938 5,192,560 188,400 65,300 5,310 101,800 18,100 162,700 IN Jan. 3 N. Y. STOCK EXCHANGE 12 Months EXCHANGE-STOCKS Corp. Jan 26 21* Jan 30 109* Jan 26 21* Jan 26 55* Jan 4 4 Mar. 20* Jan. 5 19 5 4 78 7?* 2?H 39 Jan. Mar. 21* 109 Mar. 25 85 Jan 5 62* Mar. 26 31* Jan 4 16 11* Mar. Jan 26 22* 4 9 3 Jan 27 3 2* Jan .Tan t Companies reported in receivership. Mar Dec. 7 Nov. 14 Nov. Nov. July 9 9 19 Nov. 14 Nov. 16 July 5 Oct. 19 Oct. 13 25* Aug. 26 57* Nov. 12 86* Nov. 15 Mar 81* Jan 23* Jan Jan.10 July 19 Jan. 21 31 * Dec. 30 25* July 5* Mar. - 7 7 1 Called for redemption. New york Curb Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON Stock Sales 1939 January. Shares. EXCHANGE Bond Sales 4,174,779 1938 1939 January 1938 $42,020,000 1937 49,640,238 NOTICE—Deferred delivery, under YORK CURB 1938 4,357,245 Jan. 1 to Dec. 31... NEW $27,010,000 1938 Jan, 1 to Dec. 31 104,178,804 1937 _/^336,984,000 $442,361,000 the rule and cash sales, are disregarded in the month's range, unless t..w are the only transactions of the y month. range are shown in a footnote in the month in which they occur No account is taken of such sales in and when selling outside of the regular monthly computing the range for the year. AGGREGATE SALES In January PRICES NEW YORK CURB EXCHANGE 12 Months 1938 Shares STOCKS 2,625 2,400 147,600 11,500 56,900 27,400 35,200 100 13,300 750 5,900 900 3,700 100 4,000 400 27,000 225 Par • Acme Wire Co v t c Aero Supply Mfg class A Class B 3,660 4,117 3,300 5,150 1,800 2,500 1,700 600 500 100 """loo 150 1,600 11,100 Alnsworth Mfg Corp com common..* Convertible Warrants 1.000 200 preferred 800 11,400 60 14 95 31,200 Conv class A 4,700 79,300 Class A with warrants Class B 7 13 94 77 95 105 70 Sale 90 98 995 Sale U 48 IX Sale 9 11095 1495 Sale 111 112 15 1495 25 common Preferred- ,.1M ......100 Anchor Post Fence com • .. .1 * • Preferred 61.800 ..10 720 Arkansas P At L $7 pref__ • 15,800 Art Metal Works common...5 118,400 Ashland OH Ac Refining Co.l 795 Jan. 23 10795 110 95 14 95 395 Jan. Jan. Jan. Jan. 26 131 Jan. 4 13 24 108 Jan. 18 Jan. 195 Jan. 3 95 Jan, 24 5 58 61 Sale 195 1995 295 56 Sale 59 • Jan. 57 26 141 Jan. 795 Jan. 26 9 4 94 295 4 23 95 2395 22* 25 22 57 65 67 95 74 67 52% 195 Sale 6795 Jan. 1 Jan. 12 29 Sale 27 Jan. 11 2895 195 Sale 295 26 Jan. 11 195 Jan. 94 195 26 24 195 Sale Sale 30 Sale 2X 95 27 2995 27 Sale 2 Sale 3 23 A Sale 195 Sale Sale 2895 Sale 195 Sale 1095 Sale Sale 3295 11A 27 110 Sale 116 Sale Sale 9 395 95 4 495 95 Jan. 2495 Sale 2295 95 Sale 95 1095 1195 1095 3595 Sale 3195 113 11395 Sale 4% Sale 495 2595 2695 24 27 2895 895 Jan. Jan. Jan. Jan. 23 Jan. Jan. 26 1794 Jan. 18 Jan. 10 22 95 22 Jan. 11 13 15 1395 Jan. 55 69 66 95 Sale Sale 28 % 95 6 6 95 1 9 10 19 495 Sale Sale Sale Sale 695 71 Sale Sale Sale Sale Sale 95 Sale 2 95 Sale 295 595 Sale 6 Sale 6 6 95 395 4 50 Assoc Breweries of Canada.. * 95 "695 Sale 495 Sale 2895 95 595 Sale 95 Sale 70 73 95 19 Sale 3 95 395 195 Sale 3 95 Sale 1295 13% 36,200 9,200 8,400 800 V t c 1 300 6,300 8,800 13,400 5,300 For footnotes Sale , Sale 8 95 695 Sale 71,900 Atlantic Coast Fisheries... * 5,050 Atlantic Coast Line Co....50 115,000 Atlas Corp warrants 72,420 Atlas Plywood Corp.. • 184,600 Austin Sliver Mines. 1 47,700 Automatic Products Corp. .5 . 26 25 20 95 Jan. 2495 Jan. 3 27 29 56 Jan. 31 57 Jan. 795 Jan. 495 Jan. 95 Jan. 24 9 Jan. 5 25 595 Jan. 13 35 Jan. 7294 Jan. 23 95 Jan. 395 Jan. 195 Jan. 395 Jan. Jan. 12 1694 3% 195 2 95 1295 Jan. Jan. 30 Jan. 16 Jan. Jan. 7 O 6 14 19 110 3 27 26 10 7 4 27 Jan. Jan. We Jan. ' 3 Jan. 3 95 Jan. 6^5 Jan. 88 1195 Apr. Apr. 8 95 Jan. 95 Jan. 595 Jan. 13 14 9 25 95 Jan. 19 We Sale 95 Sale 73 7895 '"395 "'495 Sale % Sale 995 1095 95° Sale 63 14 Jan. We Jan 94 Jan. Sale 63 70 "395 "3 "95 Sale" 24 Sale We Sale 23-5 Sale % 21 "Si 9615 Jan. 395 Jan. 3195 Jan. % Sale .94 946 2 94 Sale Jan. 94 Jan. 20 Jan. 94 Jan. 195 Jan. 1 "-Jan. 2594 Jan. 95 Jan. 2'14 Jan. 23 Jan. I 12 Oct. 26 95 June 30 58 Dec. 27 11 95 Aug . Mar. 18 95 Mar. 28 5594 June 17 815 Mar. 26 795 Jan. 195 Oct. 16 6 17 75 Jan. 17 27 94 Oct. 28 395 Sept. 14 19-g Dec. 19 4 2V5 Dec. 10 4 795 Apr. 1 96 94e 295 2 95 4 95 Feb. 4 295 July 11 Jan. 6 1695 Feb. 21 Apr. 9 10985 Nov. 22 Dec. 17 9f#Feb. 8 Mar. 31 495 Jan. 11 Mar. 30 495 Jan. 12 Mar. 30 8 Mar. 31 86 Mar. 29 3 95 Mar *29 Dec. 10 9 Dec. 30 895 Mar. 31 3-5 Dec. % Apr. 14 1 395 Mar. 30 '64 Dec. 28 95 Mar. 24 95 Mar. 24 2 Sept. 6 Mar. 3 67 Mar. 30 2 95 Mar. 31 16 Mar. 30 95 Dec. 28 6 95 Mar. 30 9 July 20 595 Nov. 4 16 Dec. 30 1195 Jan. 1 Jan. 195 1194 We. 94 We 394 Oct. Oct. Jan. Jan. Mar. Dec. 70 27 8 Mar. 98 1/ 17 5 17 16 29 3 Nov. 17 595 July 30 95 Dec. 1 u Jan. 2594 Dec. 95 Mar. 26 % Mar. 26 Nov. 25 29 11 7 *5 Jan. 8 12 Dec. 31 53. 17 Sept. 13 Jan. 32 70 96% Jan. 2 35 Jan. 25 3 28 195 70 Aug. 6 1894 Oct. 17 2695 Dec. 28 1 5 834 Jan. % Jan. 194 Jan. Oct. 1 Mar. 30 59 27 Nov. 70 95 Dec. 16 Apr. 95 Dec. 30 Jan. Jan. Jan. ' 4 54 795 Jan. 495 Jan. >m Jan. 95 % 95 Sale Mar. 29 June 29 3 * Atlanta Birmingham Ac Coast RR Co pref 10 100 170 Atlanta Gas Light 6% pref 100 see page Sale 9 95 Mar. 30 June 27 Jan. Sale 10894 Jan. Sale 94 Jan. 2 95 295 Jan. Sale 295 Jan. Sale 595 Jan. 8695 Jan ""695 " 795 635 Jan. 4 95 Jan. 495 Sale 895 3 95 Jan. 1495 Mar. 30 Jan. 10995 We 2 94 2 95 695 895 9 95 19i6 Sale 195 Sale 1 18 18 15 4 2795 Jan. 3095 Nov. 9 3095 Oct. 3095 Oct. 21 Jan. 67 2 30 11 16 25 15 Jan. 19 11 1495 July 29 . 20 8 Oct. 1294 July 495 Aug. 95 Apr. July Aug. 395 Mar. 33 66 * common 400 Assoc Tel & Tel class A 3,100 7 Sale ... 2,100 20 1095 95 195 Mar. 31 Mar. 30 64 Mar. 30 16 American deposit rects_.f I 10,000 35,700 Assoc Gas At Elec com ...I Class A 312,125 1 $5 preferred.. 55,800 Warrants 98,100 3,600 Assoc Laundries of Amer...* 10 Oct. 24 Nov. 12 195 Jan. Mar. 31 5 Associated Elec Industries— 3.00 4,600 22 8 24 94 Jan. 12 25 Jan. Sale 70 Sale 395 195 295 1295 109 95 395 395 695 8 595 67 14 Sale Sale Sale Sale 78 395 195 395 56 Sale 5 Sale 74 13 27 61 95 56 "895 Sale" Sale 2995 95 27 Jan. 15 15 2 July 5 1294 Feb. 15 Mar. 30 3795 Oct. 15 104 Apr. 18 11594 Nov. 18 295 Mar. 30 595 Nov. 7 23 1 Apr. 2895 July 21 27 16 29 1595 95 895 •1995 17 Jan. Dec. Apr. 14 1695 Apr. 8 195 Mar. 26 25 July 11 24 85 Sale 2795 1 26 15 27 1095 Mar. 31 2 Apr. 2695 Jan. 1615 Jan. 1594 Jan. 50 1695 Sale si« Nov. 26 26 73 169-5 16 Mar. 29 695 Mar. 31 2 Mar. 15 894 Jan. 17 1895 44 5 2794 Jan. 1094 Jan. 26 Sale 10 112 Mar. 30 95 Mar. 30 9 10 10 26 14595 Nov.12 8 12 19 65 4 95 Jan. 6 15 7 Mar. 31 67 9495 Feb. Jan. 25 15 17 Jan. Oct. Feb. 1695 Mar. 11 595 Feb. 25 Jan. 27 11 10 Oct. 295 195 95 1094 6 2895 Jan. 36 95 Jan. 18 116 Jan. Oct. 67 12 27 5 95 Nov. 23 76 Dec. 13 Jan. Nov. 22 6195 Nov. 16 29 30 16 1 Nov. 18 395 Nov. 22 June 3195 Jan. 3095' Jan. 295 Jan. 10% Jan. July 19 Aug. 8 23 29 20 31 56 24 37 3 6795 Jan. 295 Jan. 31 10 Nov. 23 14 17 6 Feb. 6 23 Nov. 6 May 26 11 Aug. 1295 Mar. 31 1995 Nov. 58 Mar. 30 12995 Dec. 93 Apr. 4 114 Nov. 17 - 34 2295 Dec. 23 Mar. 28 29 Mar. Sept. Apr. Mar. Mar. 2 Mar. 95 Apr. 94 Aug. 895 Aug. 95 Jan. Sale 26 23 17 4 26 Jan. Jan. Jan. Jan.- 23 - Sale Jan. 2295 395 6095 995 26 16 1 1195 We 3395 5095 44 95 24 Jan. 3 110 794 Sale 795 295 94 12 3 112 95 Jan. 15 Jan. 110 Sale Sale 23 25 109 Sale 2095 195 Jan. ^0 Jan. 23 9 Jan. Jan. 24 795 Jan. 1834 Jan. 24 9 Jan. 6795 1 95 195 1 95 24 3 Appalachian Elec Power— $7 preferred ..* 62,200 tArcturus Radio Tube 99,900 Arkansas Nat Gas com Class A 383,800 12 108 1295 2295 1895 3,325 90 1495 18 23 11S 18 6% preferred 20 Sale 25 Amer Laund Macb 19 77 127 20 com 95 Jan. 6495 Jan. 13995 Sale com 1 11 23 Jan. 5 _9 Jan. 18 3 Jan. 1795 June 17 5 1 23 4 Jan. 5 95 Mar. 31 795 Oct. 11 1495 Feb. 295 Apr. 3 Jan. 9 Sale 7 12 6295 Jan. 195 Jan. 1995 117 Amer Light At Trac com $2.50 preferred 22,200 Angostura Wupperman 1 23,500 Apex Elec Mfg Co common..* 4.600 695 1795 1995 Sale 24 21,800 720 900 1694 795 1895 3 2 95 Jan. Jan. 9 1 21 Jan. 11 31 71 295 195 128 20 1 .. 800 6,600 1 6 5 3095 Jan. 895 Jan. 12 Jan. 95 Jan. 6195 Jan. 6395 195 195 295 ♦ 165 3,700 3,000 10 Sale Sale Sale 1595 10c 144,100 American Maracalbo 1 34,432 American Meter Co. 1,900 Amer Pneumatic Service .* 5,250 Amer Potash At Chem Corp..* 285.000 Amer Republics Corp com 10 38,400 Amer Seal-Kap Corp com....7 623,900 American Superpower 1st preferred $6 series....* 9,400 Preferred $6 series 72,800 * 12,600 Amer Thread preferred.... 5 1,900 5,800 24,000 * .... 18 Sale 2795 Jan. 2095 Jan. 24 95 Jan. 1 American General Corp $2 preferred 7,650 Amer Mfg Co 10 15,200 1,500 Sale 195 195 Jan. Jan. 18 Sale 1.225 Amer Invest of 111 525 2.100 16 9 6395 1295 6,800 4,000 23 295 194 1 9 2 295 95 6195 10 19,600 123,400 10,400 25 Amer Ac Foreign Power warr. Amer Fork Ac Hoe Co com...* American Gas At Kleccom...* $6 preferred 795 10 20 4 95 Sale 2495 Sale 26 95 2895 400 35,700 26 26 26 32 50,000 1,500 15,500 ""loo 695 Jan. 27 695 995 295 Sale 295 Sale 2495 2795 1095 500 300 9,400 2,100 8 6,550 Amer Hard Rubber Co com.50 850 75,000 . 25 260 Amer Cyanamld com cl A.. 10 486,600 Common class B n v 10 3.600 27 Sale 65 Amer Cities Power Ac Lt Corp 11,400 67,700 1,700 Jan. Sale 100 29.400 48,500 12,500 460,800 24,325 60,000 13,700 21 25 Sale ...25 1.225 1,500 2095 Jan. 495 Jan. 20 2t* 52 Allied Internat Investing...* $3 conv preferred » Allied Products Corp com..10 3,800 29,800 1,300 21 24 32 95 Sale 63 295 Highest Sale Prices 27 481-5 Allea & Fisher Inc common.* Alliance Investment com...* Lowest Sale Prices Jan. Sale 6 3095 Sale Highest 24 • 32,130 Amer Box Board Co com 1 2,700 Amer Capital Corp cl A.. 10c Common class B... 14,100 10c 5,700 $ 3 preferred • 1,150 $5.50 prior preferred ...* 153,800 American Centrifugal Corp.l 150 1938 Sale Prices 2595 • ' "l'.ioo 22 1995 Sale "lH "2" - 1,100 YEAR Lowest 23 28 95 60>5 7595 M 16 preferred 940 American Book Co RANGE FOR Sale Prices Ask Sale Sale 52 94 Ala Fowar Co 17 prm Class A JANUARY Jan. 31 Ask Bid 11 95 117,800 Aluminium Ltd • 6,450 6% preferred.. ....100 111.600 American Airlines Inc__..10 4,400 Amer Beverage Corp.......I 14,700 Bid 24 695 * 2,860 Aluminum Industries com..* 8,450 22 5 Air Associates Inc common.. 1 Air Investors Inc 163,300 Aluminum Co common..... 29.710 6% preferred 100 9,200 Aluminum Goods Mfg * 3,700 16V* 395 * ..1 com.. 3 2695 , A^fa Ansco Corp Ask Bid 26 2,425 Ala Gt Sou RR ordinary 860 300 Jan. 1938 Shares 225 IN Price Jan. 3 \ NEW January Shares Shares Jan. 3 Auto 86,900 1,910 13,700 142,100 25 "BOO 8*4 734 Jan. 834 Sale 4K 17 26 Jan. 26 16 12 Sale 134 Jan. 14 26 9 4 Jan. 14 45 Jan. 20 2434 Jan. 24 2934 Jan. 5 Jan. Jan. 28 22 34 Jan. Jan. 9 2 3 34 Sale 26 34 Sale 2 34 Jan. Sale 334 634 600 1,000 14,600 100 170 100 400 200 180 150 300 75 3,300 3,400 250 950 Sale 1034 2 6 14 24 13 IK Sale 100 300 1,000 17,600 6,500 2,450 Common 43,400 82,800 15,400 63,100 381,100 IK Sale Sale 3K K 12 K 6 ...1 Aeronautical 4 1 600 20 370 500 4,600 1,000 Sale 85 .100 Class A 33 934 Sale 334 IK ... 950 Sale 634 Sale 23 com.... Preferred 23 3 Jan. 30 13 Jan. 13 11 Sale 334 4 IK Sale* 2 25 22 834 734 23 147 30 121 Jan. 21 121 12 31 Jan. 20 Jan. 20 14 34 Mar 5 Jan. 31 34 Jan. 34 Jan. 1334 Jan. 6 Jan. ' 26 834 1134 1234 Sale 3134 3534 7 34 Sale 7134 75 34 34 4 34 Sale 134 Sale 2834 32 11 1134 Dec. 4 Mar Mar 134 Jan. 20 39 Jan. 11 734 Jan. 2 34 Jan. 2034 Jan. 9 Jan. 5 3 2 34 Jan. 3 28 24 Jan. 3 11 Jan. Jan. 27 3 34 Jan. 14 354 Jan. 12 Jan. 17 Jan. 4 Jan. 18 134 Jan Jan. 12 Jan. 26 754 Mar 30 3 Sept. 28 24 2434 534 9 34 834 1234 Jan, 3 2 Jan. 17 32 Jan. 17 25 33 534 Jan. 26 734 Jan. 3 Jan. 10 76 10 34 Jan. 88 Mar. k Jan. 434 Jan. 154 Jan. 12 10 Jan. 18 27 3 34 Jan. 3 734 Jan. 734 Jan. 934 Jan. 26 32 35 3 134 Jan. 34 Sale 7234 7534 % 34 3 334 134 Sale 2534 2934 9-34 1034 13 Jan. 75 26 34 Jan. 334 Jan. 134 Jan. 23 74 12 31 854 Dec. 254 Apr. 54 Mar 20 20 20% 20% 263 263 27% 27 K 5 27 20 1134 Jan. 5 Jan. 12 30 Jan. 12 IK % £J ord reg IK ..100 1 5 Brown Forman Distillery ..l 19,500 700 2,800 25 Sale 22 com 500 400 21 Sale 2134 Jan. 24 22 Jan. 23 22 34 Jan. 20 2234 Jan. 20 2134 2134 223a 2334 21 Jan. 30 22 Jan. 21 % % 22 23 ..... 10,900 Cable Elec Prod v Sale 3 6 K 9 Sale 39 21K 22 14~ " Sale" 2K 2 3 Sale 6 Sale 34 2-34 254 800 5 19 22 1934 3 34 21 125 Camden Fire Ins Assn.. "250 200 7~, 300 400 3,300 500 1,800 290 conv A stk * 15 4 34 1434 2834 2 106 Sale 13 Sale 3 134 134 34 % 34. 1534 22 234 234 Sale 3 ) Sale Sale 480 30,900 382,700 Carrier Corp common 1 700 14,100 31,100 1,060 138,700 Carter (J W) Co common Casco Products 1 1,400 50 3 34 134 1034 434 4 Sale 234 234 """"60 100 1,400 10 1 Co Catalln Corp of Amer Sale 1434 3 34 334 4 1,900 325 26 25 234 Jan. 26 Jan. 2 33 234 254 1 21 6 4 Jan. Jan. 24 Jan. Jan. Jan. Jan. 334 2034 24 IK 2 Jan. 9 2 Jan. 28 34 Jan. 17 3 27 26 34 6 Jan. 26 234 Jan. % Jan. 6 34 Jan. 34 Jan. 334 3 34 134 2 134 1st preferred 1,710 2,450 $7 div preferred 29,500 Cent Hudson G & E 234 234 Sale 1 30 "34 ""% 20 3.34 2534 25 434 29 10 13 254 Jan. 17 27 134 Jan. 4 28 8 Jan. 4 5 1 Jan. 17 434 Jan. Sale Sale 86 Jan. 27 34s Jan. 8934 Jan. 79 78 Jan. 16 82 16 34 Jan. 27 2134 Jan. 534 1134 23 54 3 34 Jan. Jan. Jan. Jan. 26 6 Jan. 27 15 Jan. 26 454 J a n. 3 85 Jan. 27 9054 Jan. 3 50 3 6 10 48 34 14 15 17 23 21 23 34 19 334 23 34 Sale 8634 354 Sale 434 1354 1454 91 834 8954 90 27 3 5 * Pow 7% pref._100 6,890 Cent N Y Pow 5% pref 26,600 Cent Ohio Steel Prod 3,185 Cent Pow Ac Lt 7% pref 900 2,500 625 450 1,700 98,600 Common.. 247,100 Central States 50 10 % 100 89 100 6 K 78 50c Elec com—1 7% preferred .100 6% preferred .100 Conv preferred 100 1,825 Conv pref opt ser 1929..100 6,650 * 32,500 Centrifugal Pipe Corp.... 16,220 29,925 13 89 34 Sale 80 1334 90 8 9134 14 Jan. 27 55 Jan. Jan. 23 23 Jan. Sale 834 93 8 8834 26 92 34 Jan. 834 Jan. 26 94 Jan. 7 3-4 Jan. 85 Jan. IK K 13 534 2K Sale Sale Sale 1234 834 3£4 Sale 134 K 934 434 13 Sale 1034 Sale Sale 4 34 Sale 434 Sale 434 134 **■ 4 454 434 3 34 154 54 1054 434 534 Sale Sale 154 Jan. 54s Jan. 10 Jan. 3 34 Jan. 4 54 3 34 Jan. Jan, 3 34 Jan. 134 Jan. 2^ 25 34, Jan. 1154 Jan. 4 34 Jan. 5 4 50 Strip Co 5 7,800 5,300 Charis Corp com..........10 2,875 Cherry-Burrell Corp com. For footnotes see page 53. 6K Sale 634 534 Sale 634 7 8 6 34 Jan. 534 6 554 Jan. 15 Jan. 13 23 24 2 ^ Jan. 7 19 • 6 7 454 Jan. 434 Jan. 5 3 26 3 734 Jan. 534 Jan. 23 Jan. 24 15 Jan. 8 1 5 18 28 28 27 9 Mar. *4 Nov. 7 12 22 Jan. 25 21 Oct. 5 33 K Dec. 29 Jan. 5 27 434 3 34 154 1034 134 Tan. 8 Jan. 26 July 5 Jan. 3 July 5 11 18 4 20 31 29 16 Apr. 454 Nov. 7 2434 July 19 154 Jan. 10 89 Dec. 10 80 Jan. 4 14 Jan. 10 7 34 Aug. 10 2334 Aug. 24 25 Jan. 8 554 Dec. 6 Sept.17 454 May 4 654 Mar. 29 17 Apr. 29 1 134 Apr. 32 92 1054 68 34 7554 4 34 June 27 M ir. 22 Sept. 14 Mar. 26 Mar. 31 May 3 Apr. June 7 64 9 Jan. 24 26 Oct. 31 Mar. 31 16 1434 Jan. :20 Chamberlin Metal Weather 2,000 200 Jan. 22 * ... Jan. 23 54 Jan. 1334 Jan. 9034 4 ... com Feb. 2 Aug. 1734 Apr. K Dec. 6534 Mar. 60 Mar. 15 75 11 4K 6 Jan. 33 34 Apr. 18 Apr. 21 Oct. 19 Mar. Sept. Sept. 34 Sept. 7 Apr. 34 Jan. 86 Sale Sale 434 Mar. 54, Jan. 15 25 3 5 Dec. 28 Nov. 12 Jan. 15 3 54 July 19 17 2254 107 34 1854 334 Aug 154 Mar. 18 Dec. 39 2 34 434 Jan. 2434 Jan. 34 Jan. 1734 Sale 554 6 1234 Sale 4 34. Sale Aor. May 10 Jan. 7 Mar. 14 8 3 34 Jan. 13 May 2 40 734 Nov. 16 1854 Apr. 88 Apr. Jan. Jan. 1754 Jan. 1754 Jan. 33 2034 Sale 6 634 9034 334 23 Apr. 4 32 Sale Sale 2K 3 18 28 25 July 2 34 6 434 2834 6K 234 Jan. 33 13 28 Dec. 33 22 4 Dec. Jan. Jan. Jan. 54 Jan. 31 Sale 24 Sale 1 7 18 134 May Oct. Jan. 3054 2254 107 15 54 2 34 254 34 434 2434 Sale 8934 3 15 Nov. 14 Jan. 17 2/ 13 2734 20 34 10534 1134 18 % Sale 1834 2734 Apr 2634 Jan- 15 34 Mar. 5 Jan. 9 6 54 Jan. 2134 Jan. Gent Ac Southwest Util— 5,600 9,500 11 24 24 21 2134 Dec. 21 21 July 8 12 29 Sept. 16 54 July 16 88 19 6,410 7% 1st partlc pref......100 12,900 Celluloid Corp com 15 340 Cent Maine """770 Oct. Oct. Dec. 14 Nov. 30 31 Mar. 29 28 5 3 5 20 26 1734 Celanese Corp of Amer— 925 30 rl2 225 Jan. 7 54 Jan. 2334 Jan. Jan. 15 Sale Sale $6 preferred Castle (A M) & 3 34 1634 82 Class B 3,900 • _* 7,600 Carnation Co common.. 71,300 Carnegie Metals Co com 1 1,590 Carolina P Ac L $7 pref..... 40 11,800 15 10 19 34 Oct. 23 5 3,250 Canadian Car & Fdy nref..25 10,800 Can Indus Alcohol cl A. B non-voting 2,500 * 1 133,500 Canadian Marconi Co 3,175 Capital City Products... * 129,400 Carlb Syndicate com _.—25c 200 Carman 8c Co 500 534 534% pref.£l Sugar Estate Co.20 Am dep rects Calamba Oct. 2 34 28 Sale 6 1534 1634 2734 Sale 2034 Sale 10634 Sale K K * t c 734 1834 7 16 21 18 254 2K * $6 preferred 197,900 Brown Rubber Co. com 1 9,400 Bruce (E L) Co 5 10,600 Buckeye Pipe Line. 50 • 40,600 Buff Nlag Ac East Pow pref.25 $5 1st preferred .* 13,700 115,600 Bunker Hill & SulHvan__2.50 4,300 Burma Corp. Amer dep rets.. 28,200 Burry Biscuit Corp 12He 2,250 2 534 Oct. Aor. 18 Apr. 1934 Apr. 24 2134 Cables 8c Wireless— 100 15 2 834 Nov. 23 1254 Dec, 31 54 Mar. 30 654 Mar. 2834 Mar. 134 2134 2134 Amer dep rets ord bear. £1 Amer dep rets 200 6,200 434 July July 14 34 Mar 15 Apr. 2334 21 22,900 JBrown Co 6% pref 26,000 Brown Fence & Wire 4,500 Class A preferred 1,300 1,300 7,200 1,370 19 34 Dec. Apr. 434 Sept. May 34 June Jan. Dec. 29 2 23 Jan 7 2 Jan. 30 Mar 1 10 34 Mar 934 Jan. 25 1254 July 25 554 Oct. 21 31 Oct. 20 13 Aug. 4 554 Nov. 7 434 Mar 6 Nov. 12 44 Apr. 34 British Celanese Ltd— 8",500 6 134 July 54 June 13 27 6 2134 2134 Coupon stock (bearer) 90 Feb. .... Am dep rets ord reg 10s 150 British Col Pow class A... 850 Oct. 9H 24 30 5,100 2,100 13 5 3 1654 Dec. 31 22 34 Nov. 14 Sept. 4 20 Oct. Mar. 6 Jan. Sale Sale 30 Dec. 934 Mar. 134 Jan. 36 2 34 21 Sale 434 5 834 Sale Sale 134 Jan. K Dec. 3 23 1734 Jan. 2034 Jan. 26 Aug. 26 Dec. 10 12 34 Jan. 12 18 K May Jan. 8 24 Jan. 234 Sale Sale 8 18 12 34 Jan. 134 Sale Sale 734 Sale 2 34 4 2334 22 1034 11 3 34 Sale Sale Nov. 22 12 167 34 Nov. 25 Dec. 2 Apr. 29 7 36 Sale 34 834 134 Mar 834 Mar 234 Mar 3 10 17 10 834 Dec. 29 3734 Dec. 30 16 24 Jan. Jan. Jan. 29 Nov. 14 14 734 Jan. 30 Sale 21 11334 July 534 Mar 13 Sale Oct. 634 Jan. 6 May 3634 Jan. 1034 Jan. 9 168 Jan. 24 Jan. 34 % 13 14 34 22 Registered 10,700 1,100 23 Jan. 34 Jan. Ke Jan. British Amer Tobacco, Ltd— 1,400 Jan. 27 British-American Oil Co.— 100 Jan. 5 8 IK 3934 834 Sale 23 34 IK 3734 7K 2 34 3 * ord 50 39 534 Jan. Sale Sale 20 2,000 Bright Star Elec class B 24,700 Brill Corp class A 18,100 Class B 9,900 7% preferred.. ...100 4,800 Brillo Mfg Co common..... 2,400 1,500 K * ..... Breeze Corp 810 20 100 334 1734 1034 434 100 125,200 Bridgeport Machine 4,600 38 37 3 19 12 Sale * ...... Brazilian Tr Lt 8c Pr Brewster 16 34 19 7 34 934 454 6334 26 12134 120 16 1734 1734 Sale "6 % Sale 100 Bridgeport Gas Light Co— 100 7 K »3 3 > 834 Sale Jan. 24 Sale 14 34 34 12% 2 23 8/ % % Sale % Sale 10 11 10 June 18 434 May 27 434 July 12 51 Mar. 31 27 17 K 14K Mar. 29 June 27 5 8% Jan. 120 122 120 6 1 7 4 Jan. Jan. 164 11734 6 30 634 Jan. 834 Jan. 434 Jan. 9 Dec. 31 Jan. 15 Jan. 8 Jan. 8 Jan. 18 Nov. 7 July 23 July 12 Mar. 5 834 954 154 2 34 31 3 15 22 34 Nor. Jan. 8 10 Oct. 37 3 1134 Apr. 234 Mar 454 Mar 34 June 20 26 34 Jan. 9 30 June 19 Sale Sale 116; 4; Mar. 26 7 34 Sale *29% Sale Sale Sale- 10 334 Hotels— 7% 1st pref 2d preferred 14,600 9,600 6,600 36 K Sale Hi 2 54 Jan. 13 3 34 Dec. 30 4634 Nov. 29 7 134 Nov. 1334 Mar 734 Jan. 134 Jan. 154 Jan. 3 .534 1434 4; ... Bowman Blltmore 13,200 7 K Sale 16 96,200 Blue Ridge Corp corn.......! 18,400 $3 opt conv pref ..* 55,500 Blumsnthal (S) tk Go com...* 8,125 Bohack (H C) Co common...* 2,460 7% 1st preferred ....100 2,350 Borne Scrymser Co 25 10,150 Bourjois Inc * 170 Jan. 42 5K 15 4 246,000 Bliss (E W) 9c Co common1 5,520 Bliss & Laughlin Inc com...5 5,500 1,100 1,400 2 39 25,500 600 Sale Sale o T,306 Conv Sale 7 26 34 Jan. 25 K Jan. 11 134 Jan. 25 734 Jan. 25 5K Jan. 30 634 Jan. 24 6 Sale 50 pref 23,600 Birdsboro Steel Fdy 9c Mech * 450 Blauner's common S3 50 534 634 Sale 6K 8K 6 Sale Sale Sale 134 Sale 734 7 34 134 1 Sale 54 IK Sale 634 96,300 Beech Aircraft Corp com—1 218,100 Bell Aircraft Corp common..1 190,700 Bellanca Aircraft common.. 1 1,680 Bell Telep Co of Canada.. 100 1,765 Bell Telep of Pa 6 34 % pf—100 3,700 Benson & Hedges com * 2,704 Convertible preferred 83,500 Berkey & Gay Furn Co Purchase warrants...... 49,000 • 4,200 Bickford's Inc com 31,000 33,900 29,800 Sale 854 Sale 7K 7K 22 1434 Sale 7 234 734 — 19 4 134 Jan. 29 12 21 Jan. 20 17 34 Aug. 26 [5 13 16 IK IK Sale 3 K 28 54 26,670 7% preferred. — . 30 Purch warr for com 276,100 1 53,200 Baldwin Rubber Co com 16,500 Bardstown Distillery Inc..-1 255,625 Barium Stainless Steel 5,880 Barlow & Seelig Mfg class A 13,500 Basic Dolomite Inc common. 1 176,700 Bath Iron Works Corp 800 Baumann (L) & Co com— 220 7% 1st preferred 100 7% 1st pref v t c .100 2,900 Beaunit Mills Inc common. 10 1,200 $1.50 conv pref 20 26 Jan. 4 34 934 July 834 Jan. 634 Mar. 31 4 Mar. 28 Anr. 20 Mar. 30 13 10 Jan. 4 16 Baldwin Locomotive— 2,850 41,400 2,700 2,300 11,700 834 Jan. Jan. 26 4 15 13i% 12 Highest Sale Prices 19 4 k 13 .34 * Babcock & Wilcox Co Lowest Sale Prices 4134 Jan. 8 6l IK Highest Sale Prices 834 534 1954 7 34 71 11,600 Avery (B F) Sons Co—-----5 700 6% preferred w \r 25 150 6% preferred xw 25 Purchase warrant*.. 1,100 401.000 Aviation & Transport Corp.l 18,940 Axton Fisher Tob class A.. 10 Lowest Sale Prices Ask Ask Bid Bid Ask Jan. 31 3 Jan. 1938 Bid Par Voting Machine com—* STOCKS (Continued) 30,000 2,800 1,300 Price YORK CURB EXCHANGE 12 Months 1938 In 193S YEAR RANGE. FOR JANUARY PRICES IN AGGREGATE SALES >v~—-J EXCHANGE CURB YORK NEW 42 14 Mar. 26 34 Sept. 9 Mar. 31 3 Mar. 26 3 34 Dec. 12 254 Dec. 12 334 Mar 26 1 6 5 June 1 5 Mar. 31 1234 June 16 69 Jan. 7 25 12 30 Oct. 25 Dec. 654 Oct. 14 34 Oct. 25 8334 Nov. 22 92 June 28 1034 Nov. 16 92 Dec. 31 254 Oct. 54 Jan. 17 July 734 May 10 Apr. 734 Feb. 4 34 Aug. 17 12 7 11 9 21 1 Jan. 18 7 Jan. 21 Jan. 3 13 8 FIB., 1939] NEW I ORE CURB AGGREGATE SALES PRICES NEW In 12 Months January Shares YORK 600 2,300 1,000 400 1,250 34,800 8,200 700 200 100 Bid Chesebrough Mfg Chicago Flexible Shaft Co..5 100 40 9 Sale 300 Cities Service common... no34. * Preferred B * *7 preferred Lowest 'As 31 58 4 45 50 Sale 54 6034 39 55 134 61 Sale 4 36 7X Sale 4X Sale 28 12 Jan. 534 Jan. 434 Jan. 11 5X Sept. 14 2 34 334 Sale Sale 5 Sale 56 Sale 92 100 55 X 1 3X 3 Jan. 20 29 7 Jan. 4 4 Mar. 24 434 Jan. 11 19 Jan. 19 134. Jan. 334 Jan. 6 10 16 11 3734 Jan. 21 25 25 12 Jan. 3 634 Jan. 134 Jan. 2J4 Jan. 734 Jan. 25 634 Jan. 24 Jan. Sale 64 X Sale Sale 3 434 * 11 X % X 19 .... X X Sale Sale % 28 Sale X. Sale X X 'As 13 X 14X 24 *82 Jan. 34 Jan. 29 34 Jan. X 1534 15 Jan. 23 3 s82 Jan. 34 Jan. 3234 Jan. 27 28 1 100 Conn Gas & Coke Security. _* $3 preferred * Consolidated Biscuit Co Mines Con Gas E L 8c P Bait 27,700 2,450 5% preferred A 44,600 Consol Gas Utll com 4,475 3,200 55,500 6,800 Cont*lGftE7% 1 1 com 100 IX 3 34 pref...100 75 Cook Paint & Varnish Co...* 9 8134 % 934 7X Ms Aug. 34 Feb. 16 Sale 10 834 834 Sale • Sale 4X 534 Sale 19 2 X 26 234 Sale 70 1 IX 434 26 75 23 X 634 X Sale Sale Crowley Milner 8c Co com...* Crown Cent Petrol (Md) 5 X 3X 434 Crown Cork Internat cl A. At 3% 4X 9X Sale Sale Sale 3X Sale Sale . dep rets for ord «tk 11 6 Jan. 3 Jan. 31 92 Jan. 31 11 7 134 Jan. 634 Jan. 8534 Jan. 4 24 17 24 934 Jan. 4 Jan. 7 6 10 Jan. 20 5534 Jan. 11 10 Jan. 25 9 Jan. 26 18 Jan. 11 434 Jan. 30 2434 Jan. 9 534 Jan. 2734 Jan. 234 Jan. 16 77 Jan. 31 134 Jan. 634 Jan. 10 434 J an. 4 7434 Jan. 2. 18 1 Jan. 4 534 Jan. 26 1 * 634 4 5 63.300 Drug common....25c Preferred 1.350 25 16,999 Crystal OH Ref Corp com...* 6% preferred 2,289 10 11,600 Cuban Tobacco com 10,550 Cuneo Press com v t c 7% 34 234 234 9 34 IX. Sale Sale Sale 7As 4 \ 234 9 34 134 34 2134 634 Ms 2% 234 934 134 3X u Jan. 30 Jan. 27 3 34 4X 32 4 34 49 50 4 434 4734 Sale 34 2334 934 M4 5 3 16 Jan. 21 38 Jan. 934 Jan. 3 Jan. Jan. Jan. Jan. Jan. 3 Jan. 7 3 Jan. 21 Jan. 3 7 2 3 Jan. 25 Jan. 134 Jan. 6 34 Jan. 19 10 26 X Jan. 134 Jan. 14 Sale * 34,500 Darby Patrol Corp.. 8,000 Davenoort Hosiery. 42,100 Dayton Rubber Mfg 3 2X 934 11 IX * . 6X% preferred.... 750 50 Curtis Lighting Inc com 450 Curtis Mfg Co (Mo) 7% % 2134 Sale 434 Jan. 2 51 20 13 Jan. 19 10 26 434 Jan. 51 108 Jan. 17 10934 1134 Sept. 7 5434 Mar. 14 June 14 Mar. 29 May 3 June 4 June 13 19 Mar. 31 Mar. 28 Dec. 14 1 Mar. 4 7 • 734 Sale 9X 7X * 734 15 1434 12X 8X 16 Sale 20 16 25 27 7 ... 9,900 Dejays Stores Inc common..1 695 Dennison Mfg 7% pref 100 • 39,100 Derby Oil 8c Ref com Sale 434 534 16 Sale 25 1434 2334 534 Sale 434 434 Sale 334 7 634 1434 134 634 Jan. 26 1434 Jan. 1234 Jan. 6 27 Jan. 9 534 Jan. 4% Jan. 2234 Jan. 27 24 26 Jan. 11 134 Jan. 20 2 Jan. 3 Jan. Jan. Jan. Jan. Jan. 4 26 2 73i Jan. 1534 Jan. 1734 Jan. 2634 Jan. 7 4 May 7 34 2.225 Diamond Shoe Corp com 9,625 Distilled Liquors Corp 19 20 12 Jan. 10 234 20 Dominion Textile Co 3,090 Draper Corp 30 Sale 9 Sale Sale Sale 934 2634 3 10 134 27 X 3X Distillers Co Ltd— 23,400 ...... 63,700 Duro-Test Corp common 22,800 Duval Texas Sulphur 2034 334 3 * 299.300 Eagle Picher Lead Co.....10 63,700 Eastern Gas & Fuel Assoc..* 6% preferred 100 46,900 434% prior preferred 100 23,525 9.175 11.375 For footnotes see com. 17 preferred series A $6 preferred series B page 53. 734 1334 134 134 134 24 Jan. Jan. Jan. Jan. Jan. Jan. 26 3134 Jan. Jan. 20 25 Jan. 9 23 24 6 26 27 . 834 1434 134 234 234 Jan. 1434 Jan. 11 20 4 3 5 27 24 2 34 2 1 34 2134 4 934 20 34 434 834 15 12. Sale 1234 1034 65 14 IX 64 nH 1934 18 134 IX Sale a 65 134 « 6X 734 834 2X Sale Sale 5 Sale Sale 27 49 " "6734 Sale 5034 634 21 Sale 68 234 Sale 7 * 15 5 'Jan. 5 Jan. 12 1134 July 22 12 29 13 18 29 Dec. Dec. 1 Dec. 2 22 10 Feb. 8 51 434 934 26 7 Apr. 29 634 Dec. 27 334 Mar. 25 25 Mar. 14 Jan. 10 834 Jan. 4 15 134 134 134 14 May 85* *27 9 Sale Sale 1:54 IX 1 11 July 23 Oct. 15 Dec. Jan. 5 8 8 14 234 Mar. 30 2434 Feb. 28 434 Dec. 24 634 Dec. 22 13 Jan. 24 9 Sept. 14 1634 July 25 67 14 2 27 30 Jan. 27 26 1234 Jan. 4 Jan. 19 60 Jan. 19 67 65 Jan. 64 Jan. 13 66 Jan. 4 47 Mar. 31 1534 Jan. 27 2034 Jan. 134 Jan. 12 134 Jan. 19 6734 Jan. 18 Sale 67 Sale Sale 11 2134 2234 34 134 134 Jan. 17 Jan. 64 Jan. 24 24 2 Jan. 534 Jan. 7 24 7 Jan. 10 Jan. 26 1.34 Jan. 934 Jan. 17 1434 134 1234 2534 Jan. Jan. Jan. Jan. 5 10 Jan. 4 134 Jan. 1934 Jan. 1934 Jan. 6 13 * 1734 20 16 18 * 17 19 16 Sale Jan. Jan. 4 1 Jan. 10 25 1534 Jan. 26 15 26 Jan. June 27 34 Sept. 14 6 23 21 14 1134 Mar. 28 134 Jan. 434 Jan. "634 Jan. 9 IX 9 19 Jan. 5 Jan. 2 Sale 6 / 634 1034 24% 6 Nov. July 934 Jan. 9 60 134 v12 Feb. 1634 Sept. Sale 434 1134 7 17 58 934 July Mar. Dec. 2134 Nov. 28 1534 234 334 334 May May ll 17 Jan. 334 Jan. Mar. Mar: 24 103 134 6434 40 534 June 1034 Nov. 9 Dec. 31 734 Jan. 134 Dec. 234 Dec. 4 30 17 18 64 >1434 Sale 134 Sale k 3,450 Eastern Malleable Iron Co.25 Corp 134 8 1234 • 1 14 12 1034 Nov.. 9 Us July 29 2734 Jan. 110 30 B..25 9,200 210 7% preferred...........100 40,100 Dubilier Cond Corp com 1 7,625 Duke Power Co 100 19,300 Durham Hosiery cl B com...* Eastern States 734 1334 14 34 134 Sale 134 2 134 234 26 28 com.. Driver Harris Co common..10 29.800 6 14 a 2 15 X 5 1.2 1034 Aug. 8 1634 Oct. 25 1734 Nov. 10 3 534 Jan. 7 24 1434 I Am dep rets ord reg 1,900 £1 27,700 Dlvco-Twin Truck Co com.. 1 1 3,200 Dobeckmun Co common Dominion Bridge Co Dominion Steel 8c Coal 8 34 1534 ..10 common Jan. 134 Feb. 12 Dec. Jan. 3734 June 10 9,400 Detroit Gasket 8c Mfg Co...l 6% preferred w w 4,300 20 74,200 Detroit Gray Iron Fdry com 1 14,600 Detroit Mich Stove Co.. 40 De Vilbiss Co 75 534 Mar. 31 10 May 13 534 Apr. * 19.200 Detroit Paper Products 33,800 Detroit Steel Products.... Aug. 2 334 July 7 Nov. 4 234 Jan. 10 1334 Jan. 10 30 20 2 H- Mar. 25 102 14 Nov. 14 July 7 134 Jan. Sept. 134 July 24 Aug. 534 July 123-8 Dec. 34 Jan. 7 Jan. 18 8 Nov. 10 1034 Oct. 21 8 May 18 Dec. 23 Dec. 22 Sept.26 1 -....5 preferred Mar. 25 Apr. 27 8 10 * 1 11 May 20 Jan. 25 86 Mar. 29 Jan. Oct. 34 Jan. 26 4 5 35 Dec. 27 134 Jan. 7 7h Oct. 26 434 Mar. 28 34 17 34 3 34 34 234 234 10 26 May 26 May 27 14 34 1834 134 5334 34 434 13 17 23 16 Dec. 22 6 34 Mar. 30 Apr. Sept. Oct. July Nov. May Oct. 92 July 19 134 June 10 6734 Ms 434 6 34 14 634 June 100 common Aug. Ms Apr. 2 34 Mar. 25 17 Jan. X Jan. 4 46X Jan. 17 19 734 834 74 3 117 2 134 1 6534 70 4 9 3 Mar. 30 48 34 Apr. 4 Jan. Mar. 31 634 Dec. X 23 X Crown conv 12 834 Jan. 5234 Jan. Sale 3 34 Jan. 3 34 113 1 Mar. 30 34 Dec. 13 55 retj Creole Petroleum com 6 Crocker Wheeler Elec Mfg..* Croft (The) Brewing Co 1 A Jan. £1 Cramp (Wm) & Sons Ship & Engine BIdg Corp 100 Class A 5.550 3.100 Decca Records 12 4 7 27 X 534 6X 1,700 6 4 31 30 234 77 IX ■ 6X Am Jan. Jan. Jan. Jan. Jan. 8 2 2X 70 2 60 5% 25 22 1334 Courtaulds Ltd 634 834 14 7234 9 11634 7 % 134 Jan. 434 Jan. 84 Jan. • 7,200 Copperweld Steel com.....10 26,500 C'orroon & Reynolds ...1 S6 Conv pref A 1,400 • 170.625 Cosden Petroleum com 1 5% preferred 21,000 50 30 26 92 934 734 Jan. Jan. 1534 Jan. 6 >6 com.. » $3 prior preferred 21,100 Copper Range Co.. 30 24 37 Jan. 5 85 15 28 1634 Nov. 9 34 Dec. 13 11 Jan. 0 13 34 Jan. 134 Oct. 3534 Oct. 4 1 Mar. 29 11 Jan. 60 >«Sale ,34 8 15 434 Jan. 7 Aug. 23 16 2834 Nov. 18 17 Sale 83 12 1734 Sept. 16 34 Apr. 9 Jan. 534 134 134 534 Sale IX Sale 84 34 9% 8% Dec. Oct. 3 54 $4 preferred 3,600 575 „ 434 92 X o Sale IX 9% 80 X 634 X Sale 5534 Sale 5934 6 3X 82% IX Sale SIX .10 73,300 Cooper Bessemer Corp 283,000 91,100 115,100 5,140 22,500 11.400 3 Sale 98 20 16 Jan. X Jan. 22 Jan. 7 Jan. 10 17 4 Jan. 21 Jan. 534 634 71 11634 734 Sale X 5934 Sale 57 Continental Oil of Mexico..! Cont Roll 8c Steel Fdy com..* 110 3.200 34 54 5 common.. * pr 72 68 5X Sale Sale 7234 Sale 634 „ Sale ...100 40,600 Cons Retail Stores Inc 730 8% preferred 14,900 Consol Royalty OH.. Consol Steel Corp 5X 8X Sale Sale 64 com. 19.750 Consol Min 8c Smelt Ltd 118,700 334 4 X 5 27 23 70 12 Jan. 37 1 638,600 Consol Copper 15% 3934 634 334 234 1234 Mar. 30 20 Compo Shoe Machinery— 1946 Mar. 11 334 Jan. lo 434 Aug. 17 934 Nov. 10 20 11 4 Mar. 30 Mar. 18 45 21 14 26 4734 June 20 234 Sept. 26 1334 July 12 20 12 2634 Jan. 34 Jan. 1534 5 Jan. 18 24 1X June 3 3 34 Mar. 2& 334 Mar. 26 4 434 Jan. 5 Jan. 26% 2634 X Sale X 12 X Sale 332 68 23 234 Jan. 534 May 13 1 3 Jan. 22 Oct. Feb. Jan. Nov. Aug. 834 Dec. 20 9434 Jan. 23 14 134 Nov. 26 Jan. 9 13 5534 Jan. 334 Jan. 4 28 10 28 23 Jan. 30 34 Feb. 8 3 34 Mar. 29 5 734 Jan. 234 Jan. 84 20 72 25 12 7 29 26 11 28 234 Mar. 13 Sept. 34 Dec. 234 Mar. 10 18 7134 Jan. 20 22 53 34 Dec. 5 May 5034 Dec. 67 Feb. 72 Feb. 834 Oct. 434 Nov. Mar. 28 Mar. 30 Feb. 3 Feb. 8 Jan. 2% Sale 434 Sale 85% Sale 934 July % Jan. 21H Mar. 30 7 Jan. 3434 Jan. 434 Jan. 4 X 7 X Sale Sale Warrants 417,590 6,400 Commonwealths Dlstribut-.l 8,587 Community P & L $6 1st pf-_* Community Public Service— Common 14,575 25 19,100 Community Water Serv 1 36",900 May 19 7 Sale 75 Columbia Pictures Corp Commonwealth 8c Sou Corp 15,100 11 7 20 Columbia Gas 8c Elec Corp— c ext to Dec. 5 Jan. IX 2 2% Sale Highest 62 * 130,200 Colon Development Co Ltd.. 23,000 6% convertible preferred£l 92,100 Colorado Fuel & Iron warr 53,500 Colt's Patent Fire Arms Mfg25 V t 1938 534 Mar. 30 34 June 2034 Mar. 31 % Jan. 234 Jan. Sale 3X 4% 834 Jan. Jan. 46 55 9 834 Jan. 5034 Jan. 434 Jan. 5334 Jan. 36 X Sale 5% 5X 3734 Sale 2 Sale 26 30 28 IX Sale 5X IX 2X Rosenberger com..* 5,375 5% Conv preferred. 332.670 Columbia Oil 8c Gas com YEAR Sale Prices Sale Prices 97 Mar. 30 128 Dec. 29 40 Jan. 3 7934 July <19 34 Jan. Jan. 41 16 3634 8 58 634 Jan. 4434 Jan. 434 Jan. 4534 Sale 7034 Sale 5 34 6 Sale Sale 334 IX & FOR Lowest Jan. Jan. 70 Jan. Jan. 49X Jan. 40 69 X Sale 20 Sale 434 334 134 Cockshutt Plow Co Ltd 45 3X 6X 3034 * Sale 27 130 Jan. 7« X 7X Sale 4 Sale 734 53 7X Sale 50 34 Sale Elec Ilium com...* com Sale 38 16 34 126X 12134 Jan. 734 %s S, a X Sale Sale 434 Highest Sale Prices 62 7H Cleveland Tractor com.....* CUnchfield Coal com 100 Cohn RANGE Sale Prices Ask 122 37 3 ♦ Club Aluminum Utensil 133 30 33 32 75.600 City Auto Stamping Co.....* 5,000 City & Suburban Homes...10 5,500 Clark Controller Co 1 135,700 Claude Neon Lightn com 1 800 Clayton & Lambert Mfg Co.* 12,750 Cleveland Ask Bid 128 102 10 Preferred 6.575 Bid Ask 28 2,940 Preferred BB • 5,575 Cities Serv Pr & Lt ft pref..* 38,800 7,300 45,000 1,400 2,200 Jan. 31 Sale Chicago Rivet 8c Machine.:..4 Chief Consol Mining Co 1 Child* Co prafarrsd 160 - i,200 Jan. 3 1938 Par 19.800 JANUARY Jan. 3 STOCKS iContinued) 170,900 190,700 110 775 975 2,300 CURB EXCHANGE 7,000 48,000 12,900 24,800 26,245 IN 43 Price 1938 Shares EXCHANGE 54 Mar. 29 3 34 Jan. 27 34 Mar. 30 4 6 May 3 7 Mar. 29 5 5 134 934 1734 6 34 % Sept. Dec. Dec. Apr. Dec. 6 Jan. 6734 Dec. 29 24 Oct. 28 11034 Nov. 20 Feb. 2 6734 5 34 634 934 28 Dec. 30 Dec. 7 Jan. 7 Feb. 1 1434 Nov. 9 3 34 Jan. 11 26 20 31 20 52 May 13 21 28 13 Nov. 16 1 Jan. 34 Jan. 13 8 19 14 Mar. 29 26 Jan. 18 20 13 Mar. 30 26 Oct. 27 EXCHANGE CURB YORK NEW 44 NEW C URB 12 Months 1938 Price YORK Jan. 3 EXCHANGE Ask STOCKS (Continued) Par Bid 3 X Sale 41.20G Easy Washing Mach class 2,400 Economy Groc Stores com. 2 18,100 Edison Bros Stores .1 39,100 Blsler Electr'c com 17 115* Sale 66 Sale 60 96 preferred 105,400 95 preferred... 34,700 81,500 Electric Power Associates... 1 Class A 1 52,900 15,140 Electric Pow 8c Lt 2d pf A—* Option warrants 58,300 45,300 Electric Shareholdings com. 1 96 Cony pref with warr * 5,520 Electric Shovel Coal Co— 720 94 participating pref * 18,500 Electrographlc Corp com—1 —1 41,300 Electrol Inc t t c 5,550 Elgin National Watch Co_.15 3,100 Empire Dlst Elec 6% pref.100 29,730 Empire G Ac F 7% pref 100 16,500 8% preferred —100 9,800 6% preferred 100 2,375 654 % preferred 100 2,900 Empire Pow Corp part stk. 21,600 Emsco Derrick 8c Equip Co.5 228,800 Equity Corp common lOr 132,600 Esquire-Coronet... 1 ..50 1,600 Eureka Pipe Line European Elec Co of Can— 30,400 Option warrants Sale 181,300 29,700 5,900 8,900 16,700 10,000 34,700 1,900 63,100 4,722 240,400 3,925 25,700 Sale ~ 31 Jan. 3 28 56 Sale 55 Jan. 14 62 Jan. 4 32 47 52 523* Jan. 24 61 Jan. 3 28 48 31 23 103* Jan. 7 5 10 X 7 3* 20 4k Sale 45* 6X 73* 0k 20k 213* 18 X 55 53* Sale 54 Sale 36 15 X Canada cl A. 5H 10 X 65* 23* 9 35* 4k IX 9X 45* ex 7 X 14 \i 17 k 7x Sale 85* 95* 8k 75k com..—* X 9k Sale 2 19 X Sale Jan. Jan. \ 2,700 General Rayon A stock... *5,500 General Telephone Corp...20 53 conv preferred —* J3,600 iP ilH 1 X 640 $3 preferred.. — 56 pref 50 55 preferred.. 4,900 Gilbert (A C) Co com 750 Preferred I,200 Gilchrist Co 169,400 Glen Alden Coal Co * * * * * ----* V t c agreement extended.* 10,200 7,000 Grand Rapids Varnish Corp * 117,500 Gray Tel Pay Station com.. 10 5,175 Gt Atl Ac Pac Tea 1st pref.100 Non-voting common stock * 22,980 17,900 Great Northern Paper Co..25 50,000 Greenfield Tap 8c Die com..* (Jr'trerv 13,700 25c Common Hall fC M) Lamp 5 —25 t c .1 27,700 Hartford Rayon com v II,100 HartmanTobaccocom.no par 1 23,500 Harvard Brewing Co 1 14,200 Hat Corp of Am cl B com 34,400 Haseltlne Corp 57,400 Hearn Dept Stores common 6% conv preferred 50 5,050 25c 190,700 Hecla Mining Co * 5,700 Helena Rubensteln Inc.. Class A * 2,700 1,900 Heller (WE) Ac Co common..2 7% cum pref w w._ .25 1,550 14,200 Hewitt Rubber Corp com...5 ..10 7,225 Heyden Chemical M < * 1,750 Hires (Chas E) Co class A . 14,900 Hoe (R) Ac Co class A 86,400 Holllnger Consol. G M For footnotes see page 5£. 20 26 Sale 43 Vs 23 Jan. 5 3 3* Sale 3 3* Jan. 15* Jan. 103* Jan. 4 Jan. 15* 13* 12 5* 12 X 45* 4 7 3* 75* 17 5* 17 113* 11 20 27 45* Jan. 10 17 25 85* Jan. 185* Jan. 26 12 Jan. 25 28 163* J an. 4 26 20 Jan. 7 3 36 Jan. 20 28 13 65* 145* 5% 65* 175* 19 16 123* Jan. 16 Jan. 16 88 3* Jan. 2 Jan. 3 28 4 17 3* Jan. 13 5* Jan. 12 5 5*6 Sale 57 Jan. 27 425* Jan. 5* Jan. 525* Jan. 5 13 423* Jan. 3* Jan. 525* Jan. 5 164 Jan. 5 Jan. 30 70 Jan. 10 413* Jan. 31 47 Jan. 3 15 5* Jan. 52X Jan. 18 Jan. 5 72 415* X 14 X Sale lk Sale 513* 50 14 Jan. 28 50 Jan. 26 5 13 19 63* 10 6X Jan. Jan. 793* Jan. 6 14 100 12 6 3* Jan. 5 6 33 3* Jan. 27 785* 813* Sale 4 12 83 5* Jan. 65 Jan. 20 Jan. 6 7 54 55* 55* 53* 5 27 283* 12 15 7 32 65* Sale 28 5* 8 3* 97 5* 2X 195* 3 Sale 20 17 9X 8 4X 119 X 46 5X 120 k Sale 2 5* 295* 10 98 3* Sale 25* 20 18 185* 65* 105* 21 83* Sale 127 126 69 3* 32X 6 3754 5X 25* 3X Sale 38}* 25* 30 k 27 3* 105* 94 25* 165* 195* 22 5* x 37 X x* Sale 5* 40 102 92 5* 6 5* 9X 52 15* 1 1 45* 14 k 6 28 Sale 11 56 Sale Ik Ik 4k 153* 7 34 Sale 3X 5k 6 k 8 OX 7X 8X 0k 33 X 7 37 2 5* 85* 61 13* 5* 13* 4 5* 29 k 5 3* Sale 104 98 8 3 Jan. 11 30 Jan. 18 24 11 Jan. 5 97 Jan. 17 193* Jan. 25 5* Jan. Jan. 127 3* 128 5* 126 69 5* Jan. 825* Sale 37 Jan. 37 Sale 31 7 63* Jan. Sale 25* 5* 99 5 25* 35* 25* Jan. 16 5* Jan. 23 22X Jan. 3 X Jan. 20 % Jan. 18 Jan. 26 36 Sale 15. % Sale 43* 303* Sale 4 3* 4 5* Sale 35* 85* 9 46 7-5* 13 k 14 3* 9 Sale 45 7 3* 143* Sale 145* 39 7 July 16 Jan. 27 17 3* Feb. 23 28 17 26 29 X Mar. 29 3 40 Jan. 3* Jan. 19 99 Jan. 25 Jan. 3 2 54 IX Mar. 28 25 83* Jan. 23 10 Jan. 31 8 Dec. 21 17 63 Jan. 17 50 13* Jan. 27 1 6 1 Apr. Apr. 1 29 5* Jan 24 63 Jan. . 1 Jan. 4 Jan. 13 11 Jan. 3 Jan. Jan. 25 Jan. 3 5* Jan. 7 54 Jan. 854 Jan. 24 295* 3 5* 16X 7}* 25 23 12 3 }* Jan. 5* Jan. 24 3 Jan. 4 4 5* Jan. 315* Jan. 13 3 5 5* Jan. 223* Jan. 17 4 9 5* Jan. 12 3 5* Jan. 754 Jan. 12 9 9 3* Jan. 19 26 5* Jan. . 1 X Jan. 12 7 3* Jan. 23 383* Jan. 26 41 Jan. 9 46 7 3* Jan. 31 13 5* Jan. 28 46 Jan. 10 5 X Dec. 21 k Mar. 28 2 2X June 13 X Mar. 29 45* Mar. 29 Apr. 20 20 65* May 27 23* Mar. 23 5 X Seot. 27 53* Mar. 19 18 Mar. 17 27 40 Mar. 21 85* Jan. 20 10 29 12 25 12 27 3 3* July 12 Jan. 64 2 13 25 17 July 19 3* Aug. 25 15* Jan. 10 13* Oct. 8 Jan. 18 305* Dec. 15 9 Jan. 11 305* Oct. 21 12 Oct. 17 5 Nov. 25 8 3* Dec. 6 83* Oct. 21 6 26 Nov. 10 8 113* Sept. 9 Jan. 8 Jan. 41 5* Nov. 10 57 Nov. 17 13 5* July 18 5 ~ 3 Mar. 30 Jan. Jan. \ *6 Jan. 33* Oct. 24 July 6 Mar. 31 14 99 3* Oct. 22 X Dec. 85* May 21 3*« Nov. 3* Sept. 24 463* July 33 Mar. 31 81 Jan. 5 1025* Dec. 72 Feb. 17 92 5* Dec. 73* Oct. 5 June 10 2 5* Jan. 24 Sale 40 56 9 9 26 107 11 8 82 3* Nov. 15 9 653* Dec. 75* Oct. 25 Feb. 17 41 63* Jan. 28 35 21 « 64 45* 4 1035* Jan. 955* Jan. 1013* 7 Sale 154 -13* X IX 18 27 5* Sale Sale 10 Sale 27 31 25* Jan. Sale 19 37 5* 105 3* Jan. Jan. 3854 Jan. 75* Jan. 83 15 20 28 22 3* Nov. 1 9 X Jan. 7 55* Mar. 31 113* Nov. 26 3 X Mar. 30 1273* Dec. 19 1175* Apr. 6 72 Nov. 23 36 Mar. 29 253* Apr. 19 393* Nov. 9 83* Aug. 8 45* Mar. 30 4 3 Dec. Oct. 333* Dec. 13 3* Mar. 20 Jan. 60 41 56 9 24 7 . 38 5 2054 Jan. 4 127 Dec. 23 51 6 100 88 3 Jan. 11 7 V/s 93* 954 3* Jan. 254 Jan. 18 9 53 85* Dec. 20 Sept.27 % May 27 2 Feb. 8 16 Apr. 1 5 3 July 21 July 20 7 15* Jan 165* Nov. 26 80 Mar. 31 26 19 Jan. 27 6 19 14 9 5* July 23 Oct 26 58 '»4 Aug. 6 Oct. 45* May 27 27 "8 5* Sale 3 3 5* 45* 75* 7 3* 9 754 854 Sale 83* 7 5* Jan. 25* Jan. 175* Jan. 195* 63 3* Sale Jan. Jan. Sale Sale 5 5 85* Jan. 254 19J* o 9 5* "8X 'l\X 12X 5* „ Jan. 27 954 Jan. 23* Sale Jan. 6 97 Sale 10 Sale 7 34 5 27 30 105* 985* 3* Sale j 7 28 Jan. 35* Jan. Sale 26 Jan. 6 65* 45* Jan. 4k Jan. 38 6 14 Nov. May 57 12 1 8 Jan. lof, 46 10 45* Mar. 25 30 June 18 5 Apr. 4 12 5 29 6 43* 28 July 13 Jan. 27 12 Aug. 4 893* Nov. 21 25* July 0 45* Apr. 19 265* Mar. 22 58 Apr. 1 132 6 10 87 165* Mar. 18 9 Mar. 30 415* Nov. 3 k Apr 12 405* Sept. 27 >g« May 6 65 Feb. 4 30 Mar. 29 5* Aug. 19 85* Mar. 30 40 Mar. 30 5 18 24 Jan. 13 Apr. 13 June 6 July 19 55* 23* 105* 55* 15* Mar. 28 165* Jan. 28 11 28 19 95* Nov. Mar. 30 xl8 Oct. Jan. Mar. 30 12 5* Nov. 193* Sept Mar. 255* Sept. Dec. 43 Oct. Mar. >64 Jan. 13 30 18 78 Nov. 16 75* Mar. 31 75 Apr. 2 125* Jan. Sale 17.X Sale 9 Dec. Oct. Oct. Sept. 24 Oct. 245* Oct. 3 3* Sept. 26 /l 5* Mar. 18 7X Jan. 25 25* Apr. 15* Jan. Jan. Jan. Jan. 88 17 Mar. 24 13* Jan. 135* 15* 48 Sale IX Sale 51 5 16 155* Jan. 175* Jan. 34 Jan. 10 1 i» 3 5* Jan. 13 Jan. 7 17 X 53* 30 63* 38X Mar. 28 31 65 2 Co Haloid Co 800 Hartford Electric Light Jan. 9 5* Jan. Sale Sale 65 773* Engineer¬ 274,000 ing Corp common....— 1 12,400 Guardian Investors common 1 25 248,000 Gulf Oil Corp 1,120 Gulf States Utll 56 pref——* 490 55.50 preferred 1,850 Gypsum Lime Ac Alabastlne.* 25,900 4,500 68 10 12 Nov. 113* 773* 755* x83* 45* Mar. 31 485* Mar. 29 5 215* 213* Stores Prod— Grumman Aircraft 21 5* Mar Jan. At 68 Mar. 31 32 28 * 3,500 Gorham Inc class Acorn....* 53 preferred......... Gorham Mfg Co— Jan. 31 * 5,020 Godchaux Sugars class A...* Class B * 22,800 390 57 preferred * 1 99,100 Goldfleld Consol Mines 4,350 80 14 *85* Sept. 19 183* 14 55* 8 45* 8c Elec com. . 1 Georgia Power 27 9 953* Jan. —....100 6% preferred A. Gen Water Gas 26 27 5*6 J an. 62 5* Jan. 12 Jan. 3 31 5 Gen Tire 8c Rubber— 2,100 1,175 ',8,590 Jan. 145* Sept. 26 93* Nov. 28 Sept.16 1 395* Apr". 5 23 23 13 3* Sale 2 15 49 50 41 23 Jan. 37 47 45* Mar. 30 23 66 6% pref.100 General Pub Serv 56 pref.. Mar. 30 4 16 33 3* Gen Outdoor Adv 12 27 Sale >64 56 ...... 31 17 503* 65 Jan. 19 3* Jan. 9 5* Jan. Jan. 195* 56 Sale 48 Preferred......——* Jan. 7 24 15 17 3* 13 3* 5 3* 23 Jan. 17 34 123* 883* 15* 65* Mar. 28 165* Mar. 31 9 19 195* Jan. 213* Jan. 1034 19 20 625* Jan. Sale 355* 83* Jan. 21k Jan. 6 13 105* Dec. 30 10 Apr. 28 225* Dec. 7 65* July 29 85* Jan. 8 32 Jan. 31 23 Jan. 18 Mar. 26 2 675* Sale 8X 18 16 3 28 9 17 21 115* 19 27 Sale Sale IX 11 4X 3 5* 2 Jan. 58 Sale 24 23 12 56 July 7 be Mar. 4 3 73 58 Sale 225* 55* preferred...........100 Jan. Jan. Jan. Jan. Jan. 9 Sale 16 153* * 5*6 Jan. 12 163* Jan. 9 5* Jan. 5*6 Jan. 17X 9k 105* 5* Sale %s Sale 61 625* 11X Sale 74 Sale 66 68 Sale Jan. 20 32 17 X Sale 1154 9 175* 6 95* 73* 193* 4J* 63* sale 8 8k 193* Sale 5k 53* 5X 6k Sale Jan. k Jan. lli* Sale Sale 21 Feb. 175* May 12 5* Mar. 31 X Mar. 31 May 20 j Dec. 20 85* Jan. Jan. X Jan. .* Warrants 7 205* 163* 20 18 85* Jan. % Jan. Sale 7 Sale 83* Jan. Jan. Jan. 28 583* 21X 2034 83* Sale % X 2234 1034 10 >56 Sale 18X 11X , 3 Jan. 62 63 American dep receipts—£1 12,800 30,700 Gen Flreprooflng com ... * 150 General G Ac E $6 pref B * 32,700 Gen Investment Co com—-.1 111,000 1,160 1,910 Jan. 53 2034 Co * General Elec Co of Great Brit 96 20 31 61 13 _ 165* June 14 315* Jan. 10 3 31 61 5^ 15n Oct. Jan. 37 Jan. 14 Jan. 31 25* Oct. 27 24 5* Nov. 7 585* Nov. 10 65 Dec. 27 65 Dec. 27 65 Dec. 29 635* Dec. 24 22 Feb. 18 12 Oct. 17 % Jan. 11 13 Jan. 15 31 Jan. 8 6 23* Dec. 28 Mar. 30 Jan. 36 X 21 53* 10 525* Jan. 28 63* 19 7 3 53 28 General Alloys 800 27 20 64 Sale 20 60 Sale 62 32 10 Sale 62 IX 23,800 15* 3 Jan. 2J* Jan. 103* Jan. 15* Jan. Jan. 1}* Jan. Jan. 14 55* July 1 25* July 1 773-2 Dec. 31 35 15* Apr. 4 Apr. 21 25* Jan. 76 525* •36 38 X ..... Co Mar. 29 Sale 30 170 Gamewell Co 56 cony pref.. 5% Mar. 31 5 "53" 59 Lt 97 pref.. * Gattneau Power 20 55* Jan. Jan. 10 Sale Ford Motor Co. Ltd, Amer dep rcts..Ord reg £1 72,470 2,100 Ford of France Am dep rets. 2,400 Fox (Peter) Brewing Co 5 12,600 Franklin Rayon Corp com__l Froedtert Grain Ac Malting Common 1 13,400 Partlc conv preferred 15 11,500 1 11,100 Fruehauf Trailer Co 1 2,700 Fuller (Geo A) Co com 53 conv stock —* 3,125 1,925 54 Conv pref * 260 29 3* Jan. Jan. 62 IX Jan. 673* Jan. 105* 13* 10 105* 50 _. 1,400 28 Jan. 4 V/s o 4X Sale 20 5 Ac W'house._25 Corp com—..1 Class B 65* Oct. 24 Sale Sale "35 ....—1 Fire Assoc of Phlla .10 Flsk Rubber Corp common 1 6% preferred. j.-IOO Ford Motor of Mar. 29 Sale Sale 25 105* 13* IX 15* Fldello Brewery 68,100 6,225 17 28 2 Sale 2X 27" Fedders Mfg Co common Florida Power 6 Oct. Oct. 20 15* Jan. 125* Jan. 685* Jan. 13* J an, 16 11 1 1 Candy com. Fansteel Metallurgical Corp* 100 Ford Hotels Co Inc 7 Jan. 21 20 25* June 20 13 Jan. 26 105* Apr. 2 5* Mar. 30 45* Mar. 31 Jan. Jan. Jan. Jan. 77 Fanny Farmer Flat Amer dep rets 65 Mar. 30 3 4 Jan. Sale Sale Falstaff Brewing Ferro Enamel 36 2 Mar. 30 35* 20 31 Jan. 1 Sale 55* Mar. 30 20 Jan. Jan. 17 25 95* 603* 53 5* 23* 23* Sale Sale 42 Jan. 6 16 Sale 4k 20 45* Jan. 18 155* Dec. 19 175* Nov.X4 13* Jan. 1 155* Oct. 17 70 Oct. 17 33* Jan. Jan. 163* Jan. 17 IX 26 Fairchlld Aviation com Fed Compress Highest Sale Prices 2J* Jan. Sale 2 54 2k Lowest Sale Prices 15 Sale 10k 645* 57 5* 25* IX Share......5 Highest Sale Prices Sale 16 1654 ... 2,799,600 Ask Bid X Ask Bid 3 35* Sale 16 Shares Lowest Sale Prices Jan. 31 3 Jan. 1938 Electric Bond 8c 1938 YEAR FOR RANGE IN JANUARY PRICES AGGREGATE SALES 55* Mar. 29 115* Mar. 18 153* x\ug. 4 FEB., 1939] NEW YORK CURB EXCHANGE 45 - AGGREGATE SALES PRICES NEW In 12 Months January YORK STOCKS (Continue 11,300 Holophane Co Inc Ask 14 % T.600 A 12 * 5% 50 11,400 2,500 400 600 Hussman-Llgonier Co.. 300 2,250 3j "a",606 650 3,100 15,200 8,300 * 900 5% 10 170 700 17% 17% 13% 37 % 7 12 37 % 69% 3% 16 Sale 6 1% Jan. 23% Jan. 4 8* Ay* Sale 2 24 3 X Sale 18% Sale 5 X Sale 3% Jan. 18% Jan. 5% Jan. 13 500 75 23 24% Jan. 23 35% Jan. 26 39% Jan. 7 10% Jan. 65 Jan. 3% Jan. 31 26 10% Jan. 69% Jan. 31 3 5,600 2,200 4,900 300 9,600 Class B 86% -— 1 16% Sale 16% 17 15% 15% 29% 31 6% Sale 103% 16% Sale 16% Sale 15% 16% 30% 31 6% Sale 106% 108 f t "18,166 ...100 1,100 54 4,100 750 200 100 3,000 2,200 56 18 20 % Sale 16 11% %« 6% 8% Jan. 4 12 Jan. 18 Jan. 18 6 Jan. 18 Jan. 17 18 Jan. 23 Jan. 24 16 Jan. 25 29% Jan. 6% Jan. 28 2% Sale Sale 28 % 28 29 2% 3% 20,600 1,500 „ 8% 26% 170 160 4,500 75 10 Sale 8% 31% 10 30 7,350 % Sale 12% 14% Sale 9 % 5 I 5 60 100 670 5% preferred series D 100 131,800 Kingston Products.... ...t 48,500 Kirby Petroleum ........1 4,100 2,300 500 100 100 10,500 Kirkland Lake G M Ltd 2,000 Klein (D Emit) Co common 100 3,100 240 Lackawanna RR N J.....100 336,100 Lake Shore Mines Ltd 13,000 4,900 La key Foundry Ac Machine. 1 180 Lane Bryant 7% pref ..100 Sale Sale 25% Sale 3% Sale 8** 8 11% 34 32 10 Jan. 21 24 67 Jan. 24 Jan. 7 3 16 Jan. 27 % Jan. 3% Jan. 27 20% Jan. % Jan. 4% Jan. 26 6 26 4% Jan. 4 27% Jan. 3 Jan. Jan. 27 26 Jan. 20 24 3% Jan. 11 3 7% Jan. % Jan. 5 3% 24% 25% 3% 2 % 18 68% 12% 35 Jan. 9 Ws Jan. 2% Jan. 4% Jan. 31 16* 4 77% Sale 37 Sale Sale 30 Sale Jan. % 15% 18% % Class A_. 100 17,600 17,750 Le Tourneau (R G) Inc.... Line Material Co new......5 196,400 Lion OH Refining....._._..* 7,200 Lipton (Thos J) class A.....1 900 6% preferred......... 25 100 150 17,400 Lit 225 600 2,125 Brothers com...........* Class B 29",350 Locke Steel Chain Co S8 io7% 5% 8% 1,800 170 200 150 900 1,600 500 200 ..5 19,400 Loudon Packing Co com .» 265,900 Louisiana Land At Expl com.l 130 Louisiana P Ac L $6 pref....* 5,400 Lucky Tiger Comblnatlon.10 3,000 Ludlow Valve Mfg Co.._._..* 13,000 Lynch Corp com .........5 3 3% Jan. 1% Jan. 24 3 30 4% Jan. 1% Jan. 16 67% Jan. 4 76% Jan. 28 84 """300 2k 1 33 33 Sale 3k Sale ik 15 6 6k 9h 1H Jan. 9 Jan. 92 Jan. Jan. 3,800 Mapes Cons Mfg Co.... * Communication Am dep ret page 53. Oct. Jan. Jan. 30 22 31 5 Jan. 24 21 6% Jan. 8% Jan. 12 % Sale 4 13 Jan. 40% 2% 3% 1% 43 43 45 38 Jan. 10 45 Jan. 20 20 2 Jan. 23 2% Jan. 1% Jan. 12 Sale 74 10 69% 12 Sale 43% 11% 12% 5% Sale Sale 48 71 2% Jan. 3% Jan. 1% Jan. 3 Sale 2% Sale 3 29 21 Dec. 31 19 July 21 Nov. 4 1 3 17 % Jan. 17 Jan. Jan. 11 12 7 74% Nov. 14 43% Jan. 10 32% Aug. 9 81 92 Mar. 31 Nov. 16 Nov. 15 106 1 % Dec. 23 Mar. 1% June 2% Dec. % Sept. 13 Jan. 12 13 Jan. 8 Jan. 19 8 Jan. 19 12% Jan. 26 15% Jan. 10 Jan. 11 10 Jan. 9 11 71% Jan. 26 73 Jan. 10 68 37% June 30 11% June 28 4% Dec. 5 45 38 May 26 44% Sept. 14 1% Mar. 28 Jan. 49 11% Jan. 5% Jan. 23 12 Jan. 7 Jan. 26 19 50% Jan. 3% Jan. 60 Jan. 12 18 Jan. 26 7 1% Jan. 24 15% Jan. 8 5% Mar. x5% Mar. 10% Jan. 16 45% Jan. 2% Jan. 3 12% Dec. 18 3 2 67 Nov. 3 54%, Oct. 26 3% Jan. 10 5 Feb. 14 22 5 7% Mar. 11% Jan. 14 Aug. 5 Dec. 9 9 12 16 57 50% July Jan. Oct. 28% Mar. ... 98 31 4% 6% 7% % 19% 5% Apr. 103 % Jan. 2% Sale 1% Sale 12% 13% 7% 8% 13% Sale 6% 11% Nov. 17 Nov. 9 Jan. 5 May 25 113% Oct. 19 21% Jan. 27 21% Jan. 27 16 56 2 10 35 106 31 11% 5% Sale Jan. Jan. 20 69 2% 26 Jan. 8% 52% Sale 28 31 116 Jan. 41 87% Jan. 56 3% 1% 13 8% Sale 11% 27 4 29 10 30 19 6 12 Apr. 19 Apr. 9 Mar. 31 Nov. 29 61 68 21 Jan. 58 12% 8% 8 14 1 , 12% Sale 3% Sale % Sale 16 16% „ 18% Sale 10% Sale 16 1% 9% 3% % 31% 20% 11% 1% 10% 1% 7 8* Sale Sale Sale 27*' Sale' 14% 18% 13% 25 8% Dec. 8 14% July 20 12% Feb. 23 Nov. 30 102% Jan. 13 Oct. 27 12% Feb. 10 11 Jan. 17 Aug. 58% Feb. 1 1 3% Nov. 14 60 Dec. 20 85% Jan. 14 14 May 13 14 3 Apr. 12 X Jan. 17 10 "1% ""2% 3% 19* 1% 15 1 10 Sale 8% Jan. 2% Jan. %8 Jan. 13 27% Jan. 12% Jan. 17% Jan. 23 8% Jan. 3% Jan. % Jan. 31% Jan. 26 15 26 20% Jan. 13 12 Jan. 10 12 22% 2% 22 Jan. 5 Sale 29 Sale Sale 26 12 Jan. 13 20 3 Dec. 23 May 5% May 1 % June 15 July 13 26 29 14 5% July 6 7% Sale 1% Sale 36% Sale 30 35 IS si* 12% 13 36% Sale 9 Sale 1% Sale 27 Sale Sale Sale 25% 20% 1% 7% % 12.% 30% Sale 9 1% 28 1% 29 23% 1% 7% % 13 Sale Sale Sale Sale % % 32% % % 1% 30 18 "33% '30% ~31 Sale Sale 2% 34% 6% %. A 1% 1 5 Jan. 9 24 Jan. 9 Jan. 9 22 Jan. 13 Jan. 4 Jan. 3 12% Jan. 27 26 Jan. 24 8% Jan. 24 1 Jan. 13 26 Jan. 6 19% Jan. 3 1% Jan. 3 6% Jan. 92% Jan. % Jan. 1% Jan. 30% Jan. 26 24 26 4 23 % Jan. 23 % Jan. 3 1% Jan. 24 36% 9% 1% 29% 24% 1% 7% 92% % Jan. 19 Jan. Jan. 20 Jan. 21 Jan. 31 Jan. Jan. 24 Jan. 26 4 5 29 37% Dec. 29 10% Oct. 17 3 1% Jan. 42 Jan. ft 34% Jan. 6 2% Jan. 19 9% Jan. 10 Oct 90 11 Jan. 13 Oct. 15 Mar. July % Mar. 1 July 31 23 27 23 13 88 30 26 25 % Jan. 1% Jan. 3 24 % % 1% 29% 10% Mar. 23 Sept. 28 19% 19% Jan. 23 20 Jan. 6 6 July 26 16% Aug. 24 26 23 5% 3 28 Jan. 1 Jan. 6 18 Mar. Mar. Mar. Dec. Dec. Dec. Dec. Mar. 31 30 5% 14 7% 5% 6% % 23% 18% 1 % 6% 24 23 7% - 4 Jan. 19% Feb. Jan. 24 14 30 21 10 14 Mar. 19 Jan. 34 19% 25% Jan. 25 19 Jan. si* 25 20% % Jan. 8 32 Nov. 2 16% Oct. 27 9 « 2 Mar. 30 11% June 29 15% Mar. 28 10 Sept. 14 19 Sept. 8 1 Mar. 28 10 22 Jan. Jan. 22 8% 8% 9% Sale 2% May 27 % Dec. 12 13 24 $5 conv preferred 580 • 200 Manischewitz Co common..* see 1 116 52 Sale 14% Nov. 10 1 Apr. Feb. Mar. June Mar. May Mar. Mar. Oct. 9 4% Feb. 25 9 52% Apr. 4 Sale 1 28 " Mar. 31 May 11 1% Dec. 22 19 39 Oct. % May 12 2 20 5 26 55 14% 24% 5 6 Marconi Internat Marine— For footnotes 5 51 9 15% ... 600 Jan. .10 Jan. 5 86% Jan. 26% Jan. Mar. 31 7% May 14 3 18 23 Mar. 30 24% A 2% 2% 2% A 11% 7% % 6 19 21% Jan. % Jan. 13, Oct. 5 69% Nov. 9 23% Dec. 28 JA Dec. 21 12 5 Mar. 31 Mar. 24 Apr. Feb. 17 lk Jan. 27 ik Feb. 24 % July 2 % Jan. 6 9 31 26 1 Mar. 16 19% May 13 103 Oct. 27 Apr. 5 7 6 26 9% % X 26 18 51,200 Majestic Radio At Tel Corp..l 8,500 Manatl Sugar opt warr 14,500 Mangel Stores Corp com 1 10 5% Jan. ' 16 Sept. 28 22% Sept. 27 2% Mar. 31 7% Jan. Sale * 1,099,000 Lockheed Aircraft .........1 166,300 Lone Star Gas .* 174,200 Long Island Light com * 9,705 7% preferred 100 17,475 4% preferred series B 100 12,800 28 31 7 11 Jan. A Jan. 3% Jan. 5% Jan. Dec. 31 9% Aug. 1% Mar. 26 24 116 425 Loblaw Groceterias class A.* 200 36 Mar. 19 19 16 37% Jan. 21 ... Class B 700 5,600 Lefcourt Realty com 1 Conv preferred...........* 5,900 263,100 Lohigh Coal At Nav ....* 178,000 Leonard Oil Development..35 9,700 3,600 1,400 3,750 4,600 24 Nov. 10 21 Jan. Jan. Langendorf United Bakeries *50 7 Jan. Jan. Jan. 3% Sale 1% 1% 75% 9 9% Jan. % Jan. 12% Jan. 30 Jan. 15% 19% Sale % % Sale Sale 27 Sept. Sept. Mar. Nov. Feb. 6 Jan. Jan. 11 4% Sale 4% Sale , 7 48% 16% 8% % % Sale Sale 5% 26 56 % Dec. 15 % Sept. 28 % Nov. 17 25 34 Sale Sale % 24 12 Jan. 6/ 10' 113% 47,650 30 4% 1% Sale Koppers Company— 6,120 0% preferred...........100 Kresge Dept Stores— 125 4% conv 1st preferred..100 6,300 Kress (S H) Ac Co spec pf-.lO 22,200 Kreuger Brewing Co 1 600 9% Jan. 64 Nov. 1 Nov. 1 Oct. 31 Jan. 12 8% Jan 26 19% Mar. 4 Dec. 20 21% Jan. 78 500 Kobacher Stores Inc com...* 175 3% 92 32 % 1 * % 67% 3,700 Klelnert(IB) Bobber.....10 16,825 Knott Corp com.... .......1 6,000 Sale 26 % 17% 21% 9 17 1 5% 22% 6% 13% Nov. 5 Sept. 7% Dec. 82 Apr. 21 6 2 10 15 33% Jan. Mar. 29 Mar. 29 6 5 Jan. Sale % X IX Ken Rad Tube Ac Lamp cl A * 200 Kimberly-Clark 6% pref..100 6,200 Kingsbury Breweries com 1 Clngs County Lighting 1,210 7% preferred series B 100 """266 3% 5% 3% .... 450 27% 3% 7* Sale 420 Kansas G Ac E 7% pref 100 10 Keith (GeoE) Co 7% pref.100 24,200 Kennedy's Inc ...5 "MOO 1,100 221,300 12,200 10,100 10% Jan. 12% Jan. 5 108 Jan. 12 26 1% Jan. 1% Jan. %# Jan. Oct. July Nov. Jan. 7% 14% 15% 13% 30% 13 9 13 10 7 28 July 9* Sept. 26 5% Mar. 31 48% Jan. 5 % Jan. Sale 20,300 Jeannette Glass Co ..* Jersey Central Pow Ac Lt Co— 1,525 5H% preferred........ 100 1,530 6% preferred 100 2,390 7% preferred...........100 90,800 Jones 4 Laughlin com.. 100 2,150 Julian Ac Kokenge com * 1,150 Sale Sale 8% .1 235,000 Jacobs (F L) Co 4% 27% 26% 3% 10 14,500 Iron Fireman Mfg com ▼ tc_.* 60,600 Irving Air Chute com.... ..1 20,900 Italian Superpower cl A * 100 Jan. 11 Nov. Jan. il* 3 17 Jan. Jan. 15 5% July 12 11 7 1 72% July Mar. 29 2 3 Jan. Jan. Jan. Jan. Jan. 1 3% Sale Vitamin.....1 32,300 Investors Royalty Co.. 16% 16% 16% 30% 3 104% Jan. 21% 22 18% Sale 1 42,500 Interstate Home Equip com.l 6,030 Interstate Power $7 pref * 700 17 20 20 8% Jan. 65 Mar. 29 Sept. 13 Mar. 24 Mar. 28 Dec. 30 1 % June 15 June 15 2% Jan. 24% Jan. 3 12 16 "A" stock pur warrants... 68,500, International 1,400 1,900 13,600 66% Sale 23% Sale 18%'Sale Mar. 29 Mar. 31 2% 11% % 4% 5% 5 Jan. Jan. Jan. 16 1% 1% % 10% % 2 10 13 8 56 4 4% Jan. 24% Jan. 6% Jan. 20 Dec. 2% Sept. 28 4 Feb. 27 37% Dec. 98% Jan. 107% Dec. 4 9 24 28 21 % Jan. 4 Jan. June 22 3 Internet Metal Indus cl A..* 91,000 International Radio Corp..l 5,400 Internat Safety Raxor cl B_* 7,900 Internat Utll class A.......* 73,500 Class B 1 4,800 $1.75 preferred...........* 3,230 $3.50 prior preferred.. .* 12,000 New warrants """966 % % 9% Insur Co of North Amer 10 Internet Cigar Machinery..* Int Hydro-Elec (3.50 pref..50 266,300 Internat Paper Ac Pow warr.. 247,800 Internat Petroleum com....* 2,550 Registered.... 50,400 Internat Products com. .* 24,700 2,500 2,500 1% 1% % Ig Sate C....1 Internat Industries "'"450 1 1% 1 ..* stock 7% preferred 18 4 9 Non-voting class A Industrial Finance 12 Sale 17% 17% 13% 38 7% 16% July 8% Oct. 21 Indian Terr 1 llum Oil Co— 2,800 2,500 3,800 3,300 52,900 9,000 65,800 4,700 300 5 5% Mar. 5 Jan. 8*' 9 12% Jan. 26 4 4% 21% Sale 5% 5% 3% 13 X 6% 5X Sale 8 12 Sale Sale 10% Sale 66% Sale 3% Sale 10% 12% % 8% 8 8% 3% 4% 2 2% 23% 24% Sale 11 Highest Sale Prices 8% 3 Sale Lo'tcest Sale Prices 9 May 8 925 Ind'polls P Ac L 6%% pf ..100 400 1938 Highest 12 48 X . 130 11% Sale 6% 3% Sale 14 % ........ 500 YEAR Sale Prices Sale Prices 10 Jan. 24 36% Sale 3 % 3 23% .... 1,000 3,200 Sale 9% 65 % 5% 12% % 6% 6% 4% 1% 62,100 Illinois Iowa Power Co * 75,700 5% conv preferred... 50 63,900 Dlv arrear ctfs 25,900 Illinois Zinc Co * 175 Illuminating Shares Co A.. * Imperial Chem Indus Ltd— 2,000 Am dep rets ord reg ..£1 164,300 Imperial Oil (Canada) * 14.700 Registered * 10,400 Imper ial Tobacco Co of Can 6 5,930 Imp Tob of Gt Brit Ac Irel_.£l 16,100 Indiana Pipe Line 10 3,020 Indiana Serv Corp 6% pfd 100 1,290 7% preferred 100 6,300 a?** 23' 7,300 tHuyler'a of Del com ...1 6,550 7% preferred stamped..100 250 7% pref unstamped 100 4,400 Hydro-Elec Secur com.. * 31.200 Hygrade Food Prod.. ......5 • 9,200 Hygrade Sylranla Corp -• 400 Ask 10% 7% 8% Lowest 11% Jan. 24% Jan. Hormel (Geo A) & Co com.. Horn (A C) Co common ...1 2,700 15,250 Horn & Hardart com • 1,090 5% preferred ....100 3,200 Hubbell (Harvey) Inc......5 200,000 Humble Oil & Refining * 34,800 Hummel-Roas Fibre Corp 5 "2", 175 12 X 7% 9 Jan. 31 Ask Bid Bid 12 Horder's Inc 50 Jan. 3 Bid Par common 1,785 Holt (H) 4 Co class """225 RANGE FOR Jan. 3 1938 Shares 1,200 JANUARY Price CURB EXCHANGE 1938 Shares IN ^ 15 13 Nov. 4* 39 July 26 IX July 30 B July 27 3% Jan. 12 Apr. 6 June 22 45 Dec.114 May 12 20% Dec. 5% Nov. 7 7 11 Feb. Dec. 7% Jan. 4 3 9 6 CURB EXCHANGE YORK NEW 40 Price NEW YORK CURB 12 Months 1938 In January Jan. 3 EXCHANGE STOCKS {Continued) » Par 2,900 Mirfiay OH. * 33,400 Marion Steam Shovel com..* 6,700 Mass Utll Associates ▼ t c — 1 38,000 Massey Harris Co common..* 1 26,400 Master Electric Go May Hosiery Mills— $4 preferred 1,000 * 75 McColl-Frontenac Oil Ltd. 100 13,500 McCord Radiator & Mfg B--* 104,600 McWllllams Dredging com..* 10,750 Meed Johnson & Co com 25,470 Memphis Nat Gas com —5 100 Memphis P 8c L $7 pre! * 6,750 Mercantile Stores Co * "l',600 T, 300 1,450 500 5.100 500 5,000 """200 700 200 20,400 700 200 30 4% 3% Sale 26 % Sale 1 1% 300 3,800 """300 2.050 10 % 1% % Sale ... 8 {9 n 5% 8 3% 3% 4% 2% ""200 1,800 1,650 150 100 23,100 4.200 12% 83 20 J Nachman 4,950 1,200 4,600 35,875 2,800 69,100 28,750 8,400 5,350 45,600 7% 4% Mar. 20% Nov. 20 27 3 7 18 6 7% Mar. 90 3 Mar. 22 Mar. 25 2 30% % v± % % Apr. 24 Jan. 26 8 15% ' 5% Jan. % Jan. 8% Jan. 20 5 19 Jan. Jan. 25 15% Jan. 4 Jan. 4 5 93 24 109 20 Sale Sale 10 Jan. 2% 6% Jan. V4 1% Jan. Jan. 12 1% Jan. 22 Sale 28 30 145 33 Sale 38 41 % J an. 20 Jan. 3% Jan. 11% Jan. 19 115 Jan. 17 3% Jan. 19 27 39% 1% Sale 5% Sale 4% 5 Feb. 23 Nov. 21 Mar. 29 4% Jan. Jan. Jan. 20 2 5 5 5% Jan. 21% Jan. 3% Jan. 25 3 5% Jan. Jan. 29% Jan. 26 Jan. 156 9% Sale % 5% 4% 4% % Sale 5 Sale 9% 11% 8 7% 9% 9 11 11 12 11 7% 10 8 12 6 500 500 Sprlngfilfed Corp.* 5 Sale % Sale 11% 9% Sale 37 —50 83 conv preferred National Container 1 * 1 National City Lines com (Del)—1 14 1 * 8c Stores..* National OI1 Products 4 National Fuel Gas if* 19* Nat Manufacture 775 30,800 100,700 41,000 15,150 5,600 390 2,300 10 400 1,000 100 375 3.800 500 34,600 10 96 Light— preferred ...—• National Refining common % 3 19 5% 163% 27 30% 23 28% 4 Jan. Jan. Jan. Jan. 19 18 Jan. Jan. Jan. Jan. % Jan. 5% Jan. 6% Jan. 5 Jan. 16 7 26 123% Jan. 8% Jan. 10% Jan. Mach com 13 11% 40 7 43 Sale Sale 33% 30 73% 70% Sale 16% 14% 8% 7% 1% Sale % 13 14. coi OJl 1 1 i1 1 1 preferred ...* 7,800 Nelson (Herman) Corp .....5 II,000 Neptune Meter class A——* 4.600 Nestle Le Mur Co class A...* i l 1 "37"" 5 6% 7% 5% 12% Sale 4% 5% 32 Sale 72% Sale Sale % 1% & i* Sale 60 Sale 58% 12% 5 •• 17 3% 12% 1% 1% 4% 122 fl 170 400 3,200 5,050 1,700 5,100 300 100 400 1,100 600 150 110 800 700 100 74.600 925 50 2,600 1,700 8.100 8,100 "3,700 r Oct. 22 Dec. 6 10 9 16 7 3$ 6 2 Nov. Sept. 26 9 1 163M 31% 31% 38% Mar. 31 3 165 Jan. Dec. 17 28 Oct. 6 Nov. 17 Oct. Oct. 2 3 Jan. 10 5% 13 Feb. Nov. 17 Dec. 31 13 4 5 3% May 28 5 Mar. 30 9% Jan. July 8 Jan. Jan. 100* 4 12 3% July 2% Sept. June 17 Apr. 27 Aug. 25 20 Sept. 26 20% May 26 28% May 19 9% Jan. 27 July Mar. 28 Mar. 31 26 18 3 Jan. 4 125 Jan. Mar. 6 July 29 June Sept. 4 7 124% Nov. 10 Mar. 31 6 10 12 25 8 13 9% Jan. % Jan. 10 Jan. 33% Jan. 5% Jan. 12 Jan. 3% Jan. 30 Jan. 26 xh 10% 7 30 29 Nov. 10 Aug. 26 14% 1% 7% Sale a* Sale Sale 45% 5% 5% 6' 1,220 8,175 New ....100 82 preferred * 2,180 New Engl Tel 8c Tel Co—100 * 18,000 New Haven Clock Co com 20,500 New Idea Inc common......* 25 76,080 New Jersey Zinc, 1 39,600 New Mexico & Arts Land 93,200 Newmont Mining Corp....10 * 1,100 New Process Co common 2,000 N Y Auction Co common...* 28,600 NYC Omnibus warrants .... 5,600 N Y 8c Hond Rosarlo M .10 14,300 N Y Merchandise Co com..10 * 1,260 N Y Pr 8c Lt 96 pref 7% preferred ...100 2,520 N Y Shipbuilding CoFounders shares 1 41,210 ..—.5 1,600 New York Transit— 2,440 N Y Water Serv 6% pref..100 545.290 Niagara Hud Pow com.....10 18,250 5% 1st pref ...100 1,850 5% 2d preferred ......100 Class A warrants ....... 69,000 Class B warrants ....... 23,200 66,900 Niagara Share Corp class B f Class A preferred.. 200 100 88,500 Nlles-Bement-Pond 42,600 Niplsslng Mines footnotes see page 53. 6 6 8 8 61% B..1 5 58% Sale 21% 104% 108% 36 Apr. Apr. Sale 10 13 1% 22 IH 1H Sale 29 56 Sale 8 5% 8 24% Sale 9 9% 78 Sale 23 26 1% 17% x9 38 July Mar. 31 75 Nov. 15 3 3 26 18 20 11 78% Jan. 21 5 5% Jan. 5 5 J an. 9 Me Jan. 1% Jan. 11 4 60% Jan. 3 12 % J an. 9 5 J an. 7% Jan. 13 2% Jan. 19 1% Jan. 12 14 Jan. 12 9 4 27 9 16 26 13 7 3 27 4 28 Jan. Jan. Jan. 26 Jan. 14 Jan. 6 9 27 12 11 it* 16% Jan. 23% Jan. x7% Jan. 100 Jan. 107 Jan. Sale 25 7% 100 aVA Sale Sale 97 Sale .. 4% 19% 7% Sale 13 % 3% Sale 4 10 4% 11% 5 16 " Sale 8% Sale" Sale ig i5% Sale 18 2* Sale % 1% 2 5% Sale 82 Me 61 8% 1% Sale 8% Sale % % 1% 2 5% Sale 55% 7% 1% Sale 8% 1% 6 28 5 27 26 11 19 3 4 Mar. 19 Aug. 24 May 27 7k Dec. 17 5K Dec. 13 1* Mar. 18 Jan. 6 123 May 28 Feb. 17 Dec. Jan. Jan. Jan. Jan. Jan. 19 47% 78% 5% 5% % Jan. 8 Jan. 18 13 Jan. 65% Jan. July Mar. 3ft 9 July 3 3 7 June 17 79* July Oct. *7% Jan. 6 Nov. 10 Oct. 22 June Dec. 5 10 20 36 20 15 85 23 18 51 12% Apr. 12 62 Mar. 31 15 1 Apr. Mar. 26 108 Jan. 11 4% Mar. 30 3 8 Jan. 17 Sept. 13 3 xlO 13% Jan. 72% 31 45% Mar. 3 62% Jan. 2% 1% Mar. 18 1% Jan. 23 88% 42 Mar. 31 80 Jan. 10 25 18 Mar. 30 27 Jan. 23 2 1 % Mar. 26 2 Jan. 27 5% Mar. 31 5 18 % J an. 20 Mar. 30 30 9 2 5 % J an. 10 6 6% Apr. 5 8% Jan. 4 103 81 Apr. 102% Jan. •20 91% Apr. 21 109% 6 110 Jan. 5 Mar. 25 3% Dec. 23 10% Mar. 30 5% Mar. 30 70 Mar. 30 60 May 4 %. Sept. 14 u Apr. 5 30 Jan. 78 Jan. % Jan. 1% Jan. 5% Jan. 16 13 3 Oct. 11 Jan. 26 62% Jan. Apr. 1 3 ~I%~Jan" Sept. 12 1% Jan. 4 21 114 7% Jan. 50 13 Jan. IK Nov. 4 Nov.15 9 17 4 13% Jan. 4% Jan. 30 19 Jan. 12 7 9% Jan. 7 87% Jan. 3 82 Jan. 5 % Jan. 4 2 Jan. 6% Jan. 19 5 9 Nov. Jan. July 22 July 25 Mar. 29 9 13 11 Jan. 7% Aug. 25 Feb. 1 Feb. 18 26 5 9 19 Sept. 23 Jan. Jan. 4 86 61 26 11 Nov. Mar. 29 9% Jan. 18 8 Jan. 26 4 Jan. 27 110 27 14% Jan. % Jan. 9 3 107 Jan. 2 Dec. 22 Dec. 17 Feb; 14 5% Sept. 14 11% Sept. 14 2 Mar. 18 15 Mar. 30 104% Jan. 6% Jan. 11 Jan. 54 Jan. 1% Jan. 70% Jan. 26 Jan. Sale Sale 62 7% 13 40 25 15 98 Jan. 20 56% Jan. 12 58 % 31% Sale com 850 Nineteen Hundred Corp May May June England Pow Assn com.* 6% preferred..... 23 31 Jan. Jan. Sale 10 14 24 10 May 6 7% Nov. 21 1 Dec. 6% Jan. 13% Jan. 6 Jan. 32% Jan. Jan. 13% 7% 2 Mar. 23 43 11 % Jan. 107% 109% 102 46 44 42% 48 78% Sale 4% 5% 4% 6 Sale 6% % % % Me 2% 12% Jan. Jan. 9% Oct. 10% Oct. June 24 3] 25 Jan. 4% Jan. 4 Jan. Me Jan. 1 7 3 23 70 49 25 20 36 7 Jan. Jan. Jan. Jan. Jan. Jan. Sale Jan. Jan. 7% Jan. Me Jan. 8 4% 7% 1% 1 % 13% % 1/8 1 4 12% Sale 7 Sale 103 1st Sale Sale 12 2% 1% 35 9 8% 35% 6% 12% 3% 4% Sale .* National Service Co... 1 Conv partic preferred * National Steel Car Ltd..—* National Sugar Refg * National Tea Co 5)4% pref.10 National Transit ..12.5© National Tunnel 8c Mines..* National Union Radio com—1 Navarro Oil Co * Nebel (Oscar) Co com * Nebraska Power 7% pref—100 Nehl Corp com * Nat Rubber 64 58 8% Sale 8 25 100 • 19 May 300 Nevada Calif Elec com 100 375 7% preferred —....100 . 7 3 July 9 Dec. 31 6 115% 7 4% June Mar. 26 2% 16% Nov. 12 4 6% Jan. .MM 5% 15 Nov. Aug. 78 June 11 103 145 6% Sale 5 5% 41* 8 Dec. Nov. Ki 27 % 10 14 Nov. 7 Jan. 12 Feb. 24 5% Dec. 28 1 % July 12 8% Oct. 17 5 24% Feb. 20 Jan. 14 2 25 ~ 180 Me 5 Jan. Jan. 4 40 162 % 5% 10% % 15 12 30 3% Sale 6 Sale May 20 % Jan. 20 85 May 31 115 2% June 1 9% Mar. 31 13% Mar. 26 8% 14 Sale 162 25 1 % Feb. 4 34% Nov. 16 10 59$ 11 26 37 22 3 1% 5% 9 23 June 20 69 17 2 • Jan. 5% Sale 5% Sale 5 5% 12% 15 1% Sale 1% 2% 5 5% % % Mar. 24 4% Sept. 28 Jan. 2 3 23 Dec. July July 3% Apr. 14 12 Sale 12% July 6 1% Apr. 3 13 4% 1% 3% 14% 3 % Jan. 2% Jan. 7 Jan. Sale 38% Jan. 4% Jan. % Jan. 14 12% 99% Sale 1% 1% 8% Sale 11% 9% Sale 4 _ Aug. 19 May 13 Dec. 2 June 13 Sept. 14 5 May 26 Me Mar. 31 2% Dec. 12 4 27 Jan. 2% Jan. , 2 29 5 71 74% Ms %« 1% 24 28 6 28 Mar. 31 Nov. 23 Mar. 30 Mar. 8 Jan. 25 Jan. 1% Jan. 7 Jan. %6 Jan. 2% Jan. 6 5% Oct. Mar. 29 21 6 17 9 9 7 3 18 6 Jan. £ % 3% 14 Sale Nat Power 8c 100 Jan. 5% Jan. Jan. 6% Jan. 77 Jan. % Jan. % Jan. 1% Jan. 36 Jan. 31 3 115 Automative Fibres com.l Nat Nat Bellas Hess com— 25 National Breweries com 600 National Candy Co com.., 9,700 2,450 38,500 105,200 9,100 23,500 225 Mar. Sept. 13% Mar. 4 7 5 11 16 11 10 29 1 350 Muskogee Co common 1,500 ^77,100 152,300 1,700 1,100 1,900 9,400 2,700 1,100 1,500 5,000 14,600 1,300 4 Sale % 2 1% 8% Sale 11 12% 2 1% 40% 39% 5 - 6% 23,000 Murray Ohio Mfg Co— * 16,000 Muskegon Piston Ring—2.50 6,400 1,100 % Jan. Me Jan. 1% Jan. 35 Jan. \ % 7% 103 1% Sale 6% 7% 7% 10 1% 2 26 27 3 1,200 1,100 100 26 3% 5 Sale 14% 13% 78 500 {Mountain States Pow com 870 Mountain Sts Tel 8c Tel—100 5.000 7,300 6'i 3% 250 7% A pref 100 32.050 {Moore (Tom) Distillery Co.l 1,300 Mtge Bank of Col Am Shs.. 542,300 Mountain City Copper Co—5c 65,500 Mountain Producers Corp. 10 600 3 99% Aug. 3% Jan. 20% Oct. 130% Dec. 4% Mar. 60 Dec. 4 Jan. Jan. Jan. 17 25 Sale 2% % 7% * $2 con v pref 2% 2% 8% % 3% July 55 Feb. Oct. 1% Mar. Jan. 2% 3 16 17 28 133 3% 30 15% Jan. 8 8 Sale 2% 7% %6 2% Sale 4 148.600 Molybdenum Corp 1 1,700 Monarch Mach Tool Co com.* 88,700 Monogram Pictures com —1 3,800 Monroe Loan Society cl A. 2,800 Montana Dakota UtUities.-ll 9,435 Montgomery Ward & Co A. 7,050 Montreal Lt Ht 8c Pow com. 2,650 Moody's Investors Part pref.* 1,075 Moore Corp Ltd..— * 16,300 1,000 25,100 Jan. Jan. Jan. .... 40,500 Mock Judson Voehringer2.5© 1,800 5 4 45 Jan. 4% Jan. 26% Jan. 4% Jan. 64 Jan. %« Sale 1% 1% 30% 40 % Sale 1% 38 30% 3,200 Missouri Pub Serv common 700 5% Sale 64 Sale 45 9,310 92 non-cum dlv shares * 12,325 MidvaleCo. 18,800 Mid-West Abrasive Co....50c 47,069 Midwest Oil Co —10 3,650 Midwest Piping & Supply Co* 4.750 Mining Corp of Can * 13.200 Minnesota Mln 8c Mfg Co ♦ 150 Minnesota P 8c L 7% pref.100 650 Miss River Power pref 100 1,125 7 7% Jan. 18% Jan. 27 30 Sale Sale Sale 4% 5% Sale 4% 3 2% Midland Steel Product— 700 5% Jan. 15% Jan. 3 Jan. 5 25 17% 14 17% 16 18% 16% Mar. 1 8% July 5 2% July 30 10 July 22 18% Nov. 10 24 June 20 Sept. 14 1% Mar. 29 4% Mar. 29 11% Mar 31 16 3% Jan. 2 2% 14% Sale 125 Sale 3% 3% 1% 15% 125% 3% Sale 2 Midland Oil Corp— 3,450 5% 16% 16% 17 130% 133 3% Sale 99 Sale 4 ...... 6,800 1,300 6.500 2 93 2% Sale 2% 10 H 95 32,900 Michigan Sugar com.......* 4,600 Preferred 10 Middle States Petroleum79,000 Class A vot trust ctfs 48,638 Class B vot trust ctfs * 64,560 Middle West Corp common..5 200 Highest Sale Prices 47 103.400 Michigan Bumper Corp 1 143,200 Michigan Gas 8c Oil Corp. 14,400 Mich Steel Tube Prod....2.50 3,300 6,100 400 400 Lowest Sale Prices Co— 625 S6 preferred 5,600 Mexico-Ohio Oil Co 100 Highest Sale Prices 56 47 preferred—....—15 Part Metropolitan Edison 18% 4 2% Sale Sale 3% Sale 2% 6% 7% 17% Sale Partic pref 170 16 4% 2 69,600 Merritt Chapman & Scott—* 4,300 6%% A pref 100 I,900 Common stock pur warr'ts. 105,000 Mesabl Iron ; 1 5,500 Metal Textile Corp com.. 25c 1,600 7,900 Ask 19 16 6,000 Merchants & Mfrs class A—1 1,000 Lowest Ask Bid Bid Sale Prices Jan. 31 Jan. 3 1938 Shares Shares YEAR 1938 RANGE FOR PRICES IN JANUARY AGGREGATE SALES Mar. 30 Mar. 23 22 15 10 27 Apr. 28 July 28 Dec. 31 12 Apr. 1 July 29 Jan. Oct. Oct. 14 26 Jan. Jan. 15 5 22 Nov. 22 Jan. 12 Oct. July 25 Jan. Jan. 14 5 Oct. 15 Oct. 31 13% Dec. 31 4% Jan. 6 21 Oct. 20 10* Oct. 17 89 \ 82* July 25 Dec. 6 4 2% 7% 89% 61% 9% 2% Dec. Nov. Oct. Jan. Dec. 31 12 15 22 19 Feb. 14 Feb, 4 FIB., 1939] NEW YORK CURB EXCHANGE 47 AGGREGATE SALES In NEW YORK CURB EXCHANGE 12 Months January PRICES STOCKS 62,200 161,200 18,550 19,600 16,500 1,050 5,200 9,600 48,000 1,610 1,830 9,200 115,700 15,810 19,700 300 225 1,300 400 8,400 360 390 600 30,700 1,700 1,200 825 12,400 3,050 14,900 2,890 Noma Klec (Continued) Corp com Per Bid ...1 Clara B common 6% prior • Rayon cl A. * 40 600 920 10 IX 4% 50 1,900 ..10 Nor States Power new A. -.25 Northwest Engineering.. 6 7% Sale 9% 11% 200 Ohio Brass class B.. Ohio Edison 96 preferred Ohio Oil 6% pref ...J 1,400 23 29 92 108 109 6% 1st pref 100 120 ....1 Oliver United Filters B—Omar Inc— 20,100 3,900 200 50 Pacific Public Service 1st preferred ... 1 4% 600 American 2,900 Paramount """200 30 150 850 100 ■ 2,100 Sale 67 70 69 6% 20% 7% 21% 6% 20% 7% 7% Sale Sale 3% "4% 5% 16% 17% 6 Sale 11 Sale 8% 32% Sale Sale 100 12,400 3 16 2,200 41,500 5,400 1,600 10",666 17,900 1,130 1,000 7.500 1,600 2% 4 2% Sale ...1 9% 1 10% 133 145 166 68 72 73 conv 69 26 25% 31 4 Sale 1,700 pref..* pr * Public Service of Oklahoma— 50 • 6,175 1,625 100 150 600 420 6% prior lien pref......109 7% prior lien pref 109 ^Public Utll Securities— 1,050 97 part preferred.. 19,665 Puget Sound P Ac L 96 pf....* 1,025 7% Jan. 7% Jan. 3 Jan. 27 26 16 13 Jan. Jan. Jan. Jan. 23 18 30 38 14 24 23 20 31 14 1% 1% Jan. 7% Jan. 24 2 26 98 Jan. 159 155 74 Jan. Jan. Jan. 27 167 Jan. 26 16 Jan. 5 77% Jan. Jan. 24 77% Sale 27% 25" "27" 9% Sale 6% 7 9 Sale 6% 8% Jan. 6% Jan. 6% 70 2% 5 !3% .5% Sale 2% 6% 3% 12% Sale LI % >7% 19 19% 108% Sale % 8% 9* 2% Sale 7 )2% % 8% 2% o %> Sale 4% Sale 2% Sale o Sale Sale 9 30% Jan. 2% Jan. 24 4% Jan. 30 22% Jan. 30 14 18 1% 19 2 JX A* 35 15% "I§" 40 22 4 2% Jan. 2% Jan. Sale 6% Jan. 31 7% Jan. Sale 42% Jan. 31 42% Jan. Sale 10% Jan. 28 12% Jan. 60 54% Jan. 26 64% Jan. 7% 7% Jan. 19 8 Jan. 100 Jan. 27 108% Jan. Sale Sale % Jan. 16 % Jan. 8% 8% Jan. 26 9% Jan. 2 Jan. 19 Sale 2% Jan. % .X 4 20 30 19% Jan. 26 Sale 19% 2% 35% %8 Jan. 3% Jan. 2% 42 2 5% 83 6 98 Jan. Jan. X 4% Sale 6% 7 6% 7% 92 Jan. 39% Jan. 23% Jan. 9 „ 26 Sal* 23 .% Jan. 50 700 1,800 2,100 1,600 3,300 500 T,206 700 4,600 800 For Jootnotes May 39 oyyi 11 23% Jan 26 4 7 3 4 9 Jan Jan Apr. 16 7 19 20 Nov. Mar. Sale 48 Sale 30 Sale Sale 44% Jan. 26% Jan. 31 Mar. Mar. Mar. Mar. Mar. ; June June ; Dec. 5 26 99% Jan 31 13 50 20 12 30 Jan. Jan. 95% Jan. 19 93 Jan. 24 101 Jan. 31 101 17% Sale 14 38 Sale 34% Jan. Jan. 18 June 7 Mar. 30 June 10 Mar. 30 26 4 Apr. 4 3 Mar. 30 6% Mar. 31 Jk* Mar. 30 83 Aug. 12 31 28 Aug Jan. Jan. July Nov. Nov. Jan. 9 11 7 10 9 24 Oct. 27 17 14 19 Nov. 9 1% Jan 5% Aug. 16% Aug. 97 July 24 July 2% Aug. 40 Aug. 23 Dec. •A 6% 7% 8% 98 1 21 5 3 8 20 26 31 1 Jan. 7 Jan. 21 Jan. 7 Nov. 10 Jan. 7 Mar. 25 103 103% Jan. 3 Oct. 21% 1% 3% 7% 42% 11% 62% 3% Mar. Mar. 30 June 2 17 12 11 31 11 Sept. 16 9 17 10 Sept. Jan. 4 Oct. 17% July 29 31% Feb. 10 4 % July 5 6% Oct. 11 .15% Oct. 1% Jan. 3 10 20 Sale 101 8 Mar. 29 Mar. 30 Dec. 4 Dec. 31 9% Dec. 31 Sept. 95 24] 123 67 Feb. Mar. Jan 7 2% Mar. 9 2% Jan. 8 9% Nov, 16 29% Dec. 28 50 July 26 8% Feb. 8 95% Dec. 13 00% Nov. 10 19 \ Aug. 30 75% Dec. 1 86 July 5 28 Aug. 24 Mar. Apr. Mar. 19 7 26 : Mar. 20 Nov. 18 Sept. 27 1% June 29 May Aug. 31 5% Jan 7% Jan Jan. 6% Jan. 94% Jan. 2%/ 10 31 12 : July Apr. Mar. Feb. Jan. Jan. Jan. Jan 25 12 4% Jan. 98 21 Jan. 23 % Jan. 4% Jan. 25 30 9 14 38% Dec. 27 9% Dec. 27 Jan. 30% Jan. 2% Jan. 6% Jan. 29 Jan. 17% Jan. Jan. May 26 26 *10% Jan. 12 6% Jan. 9 10 30 31 Mar. 2% Mar. 21 Jan. 107% Apr. % Dec. 17 Sale 8 20% Nov. Aug. 7% Dec. 7% Dec. 4% Sept. 16% Nov. 13 30 20 20 5 53" Jan. 5% Jan. 97% Jan. 3 102% Jan. 09 74 18 Mar. ~ 21 Dec. 24 Dec. 12 Nov. 5 Nov. 9 19 Dec. 4 Oct. 29 Feb. 19 17 12 32% Dec. 29 Sept. Jan. 14 Sale 13 20 4% July 96 Sept. 9% Jan. 17 7% July 2 June 14 27 2% Jan. 11 5% Mar. 8 Mar.! Mar.; 12 Nov. 17 Dec. 20 10% July 14% Oct. 3% Sept.: 7% Dec. 3% June 3 9 9% Jan. 30% Jan. Jan. 87 3 15,835 95 preferred 12 15% Sale ._* 4,900 Puget Sound Pulp Ac Timb—* 625 Pyle-National Co 11,600 Pyrene Mfg 5% 6% 4% 4% 5% 4% Sale 5 com —10 2,935 Quaker Oats com 2,020 6% preferred...... .....190 4,385 Quebec Power Co. % Jan. 5% 95 7% Sale 138% Sale 15% 17% 4,000 Railway Ac Light Securities.* i,957 Rys Ac Utll Invest cl A com_.l 118 150 16% 11 Sale 155 17% Sale 14 12 Jan. Jan. 26 4% Jan. 31 5 11 6% 18 Jan. 19 % Jan. 19% Jan. 41% Jan. 22 Jan. 11% Jan. 29 28 18 July 22 108% Dec. 15 48% Dec. 31 30 Dec. 31 75% Apr. 26 92 87 May 20 100 Dec. 28 Dec. 16 5 12 Jan. Jan. 5% Jan. 114% 119% 113 Jan. 26 118 Jan. 154% Sale 154% Jan. 31 158% Jan. 17 Jan. 15% 17% 17% Jan. 10 Sale 10 Jan. 27 11 Jan. 21 21 20 26 19 24 2! 6 3 Raymond Concrete Pile— 3,150 115 106% Dec. 21 ... ...... 140 350 27 37% Jan. 7% Jan. 39 Sale 280 230 10 Jan. 99 24 Jan. Jan. 11 24 7 13 Dec. 100 Apr. Mar.; 46 Apr. 3% Mar.; 15% Apr. 10 6 4% 1 13,595 Public Serv of Ind II,660 96 preferred 34% Jan. June 14 4% 27% 25% 98% 19 Jan. 6% Jan. 21% Jan. 73 27 27 11 12 31 20 Jan. 3 41% Dec. 22 105% Oct. 31 2% June 23 6% 1st preferred....... 100 7% 1st pieferred ....100 90 1,700 1,690 8% Jan. 32% Jan. 6 6 10 Jan. Feb. 101 May 4 19 3% Jan. 92% Jan. Sale Public Service of Colorado— 310 6 1% Dec. 4 5% Jan. 3% Jan. 4 6% Jan. 5% Jan. Sale 2% 3% Producers 39,200 Prudential Investors com...* 3,250 96 preferred .....* 350 89 19 Sale 5% 2% Sale 5% Sale Sale 23 17 Corp.... ....25c 31,700 Prosperity Co B common * 4,325 Providence Gas Co.........* 525 10 17 29% Jan. 24 108% Jan. Jan. Sale * com 'A 84% Nov. 14 91% Nov. 4 112% Oct. Jan. 63 74% I New common 34",800 41% Jan. 151 Sale 68% Sale preferred A——10 ......100 Ac Lambert * premier Gold Mining 1 75 Prentice-Hall Inc com * 9,500 Pressed Metals of Amei * 100 200 Jan. Jan. 20 16 Pierce Governor Co com....* Pines Wlnterfront Co 1 Pioneer Gold Mines Ltd 1 9,120 Pratt 1,400 3.900 16 101% 98% Sale Phoenix Securities common. 1 74,500 25 19 18 101% Jan. 12 1% Jan. 26 2% 2% 1% Sale 8% Sale 94 8% pref......25 Phillips Packing Co 93 9 it* 9% Jan. 12% Jan. 27 24 Jan. Nov. 26 15 1% Oct. 4% July 20% June 87 May100 May 109% Apr. 93% June 85 Apr. 8% Mar. 6% Mar. Phila El Pow 775 Power Corp of Can 20 First preferred 1,600 27 4 Jan. 21% % 3% 42,800 Potrero Sugar com ......5 50,350 Powdrell Ac Alexander com..5 4,700 24 27 104% Jan. u 6% Mar. 30 14% Oct. 17 Mar. 28 *18% Oct. 13 Mar. 29 33 Dec. 1 4 3 103% Jan. 12 112% Jan. 20 114% Jan. Jan. Jan. Jan. 50 Jan. 53~"~Jan. 8% ..... 2,100 4,400 Jan. 6 6 —.. 17,500 Pitts Ac Lake Erie RR... 50 8,100 Pitts Metallurgical Co.....10 1.13,100 Pittsburgh Plate Glass com 25 11,300 Pleasant Valley Wine Co 1 17,200 Plough, Inc * 53,500 Polaris Mining Co........25c 2,000 26 68% Jan. 7 Sale 37 2% 2% 1% Sale 8% Sale 1 65,700 Pittsburgh Forglngs Co 200 26 62% Dec. 14 Aug. 8 Aug. 8 29 Apr. 5 Apr. 5 Mar. 30 _ 19 Jan. Jan. 14 12 8% % 2.50 Bowes Postage Meter* 725 Pitts Bessemer & L E RR 50 50 Jan. Jan. _ 18* 30 23 32 75 6% 3% 39 7% 169,500 55,750 Pitney 4,100 5 12. 30 28% Jan. 14% 35 4% Mex Fuel common...50c 1,100 49,100 172,600 16,850 42,700 3,100 4 13 25 8% Jan. 31 Sale 13% 21 3% 325 Phila Elec 95 dlv preferred. 75 20 21 29 19 51,800 Pharis Tire Ac Rubber Co—1 13,400 Philadelphia Co com 800 Jan. Jan. 3% Jan. preferred..........100 25 Pennsylvania Sugar Co....20 15,600 Pa Water & Power.. 16,950 Pepperell Mfg Co 100 1,250 Perfect Circle com.........* 725 June 85 92 Jan. 107 — 1,300 5 18 .... 275 16 Jan. 4 99 18 5% Sale * 5,400 Penn Sale 4% 3% 5% a 26% 17 * 6,100 Pa Gao Ac Klec class A 1,390 Pa Pow & Lt 96 pref * 14,825 97 preferred * 5,075 Pennsylvania Salt Mfg.....50 360 2,150 39 _ Jan. 13 100% Jan. 1% 1% Jan. 1% "4% "~5~ _* 7% 275 Pa Edison Co 92.80 pref 200 $5 preferred... """loo Sale 107% 28% 25% Corp— 1,100 Penn Traffic Co.. 359,900 Penn road Corp com vtc 48,100 Pa Cent Airlines com 26,600 12,300 Sale 3%e 9 9% Jan. 9% Jan. Sale 30 18 Jan. 3 16 Mar. 30 Mar. 30 12% Mar. 29 11% Mar. 29 42 Apr. 9 s, Mar. 29 3 Mar. 14 4 Jan. 47 1% Jan. Sale Prices 6% Oct, 24 2% Oct. 15 31* 10 Jan. 27 100 Sale 6 Sale 103% ..—* 3,000 Pender (D) Grocery cl A Class B 17,600 4,600 Peninsula Telep Co com 3,300 10% 40 98 16 Jan. 26 27 10 62% 22% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 22% Jan. 5 il* Sale 9 102 1% 27 Jan. Jan. 7% 32% 3 2,500 Parker Pen Co 10 40,600 Parkersburg Rig & Reel Co.l I,380 Patchogue Plymouth Mills. 1,500 10 Sale 41% 38 100 shares Motors $ Sale 9% 12% Sale 3% 3 150 Page-Hersey Tubes com... 1,565,100 Pantepec Oil of Venasuala..l 86,400 59,900 Sale 25 100 100 com. Sale 5% 3% * — 1938 Highest Sale Prices 3 Mar. 26 4 5% Mar. Formerly Nat Bak Co. 700 Pacific P & L 1% prof 1,300 8% 10 8% Sale 21% Sale 70 87 X 2 X Sale 100 3,100 Pacific Can Co common * 81,900 Pacific G A E 6% 1st pref..25 9,950 5%% 1st preferred 25 4,575 Pacific Ltg Corp 96 pref— 350 43% % 5% Jan. 1% Jan. Jan. 103 103% 100 110% 111% 111% 113 112% 113% Sale 112% 104% 100 Ollstocks Ltd common......5 Oklahoma Nat Gas com—..15 S3 preferred —....-50 Conv 6% prior pref YEAR Lowest Sale Prices 24 24 Jan. 22% 30 Sale Jan. 60 17 17 4% 5 10% Sale 15% 16% 28% Sale Sale 90 8,650 Overseas Securities Co 9,600 3,250 h 5 12 16 32 3,500 4% Sale 20 Novadel Agene Corp Oldetyme Distillers IX Jan. 61 .100 * 4,500 105,600 22,150 2,500 72,100 200 8,000 1,300 Sale Sale 20 Sale Sale 4 44 Highest Sale Prices 4% Jan. 28 5% 60 19 18 .1M Lowest Ask 4% 1% 62% 23 21 23 45% 47 % Sale 3% 4 %> % ...i ... 210 ""406 Ask Bid m Sale* 48% X 3% ::i5 North European Oil com. Nor Ind Pub Ser 9 % pref. 7% preferred Northern Pipe Line Jan. 31 61% 21% 20% Sale preferred.... Nor Amer Utll Sec com— North Cent Texas Oil Bid Sale 100 Ohio Power 6% preferred. 100 730 Ohio Pub Serv 7% 1st pref 100 1,225 100 Ask 20 """ ... Jan. 3 3% Sale 1% Sale Not Amei Lt Ac Pow com. ...1 9* preferred North Amer RANGE FOR Jan. 3 1938 Shares 3,200 14,700 1,600 1,500 JAN VARY Price 1938 Shares IN 25.920 650 17,300 77,800 24,500 4,300 56,000 9,300 40,600 107,900 7,500 Common 93 conv .......* pref.... 12 14% ....—• 25 2 33 Raytheon Mfg, com—5Ac Red Bank Oil Co Reed Roller Bit Co Reeves (Daniel) coat * * * Relter Foster Oil Corp 50c Reliance El Ac Eng Co 5 Reyharn Co., lac .......1 Reynolds Invest com .......1 Rice Stix Dry Goods Co.....* 80.000 Richmond Radiator com 1 Rio Grande Valley Gaa Co22,200 Voting trust ctfs......... 1 see page 53. 4 23 17% 37 AH 24 5% Sale 10* 2 12% 2 1% Sale 18 % Sale 42 2 4 Sale 3% 5* 19 tyt 3% % 5 Sale % 31 7 A* Sale 31% Sale & 10 12M %, Sale 5 5% 3 3% % X 17% Jan. 40% Jan. 2 Jan. 3% Jan. 30% Jan. 7% Mar. 15 % Feb. 15 4 24 40% Jan. 2% Jan. 24 17 4 29 4 33% Jan. 7 Jan. 31 2 % Jan. 4 11% Jan. 19 30 24 Jan. 23 4% Jan. 4 Jan. % Jan. 25 5 Jan. 18 28 % Jan. 5 Jan. 4 Jan. 13 % Jan. 13 3 5 7% Jan. 12 11% Nov. 10 7 Jan. 21 Mar. 31 117% Dec. 29 May 9 152 Oct. 7 13% Mar. 21 17% Sept. 2 Jan. 7 28 % Feb. 19 23% Feb. 18 47% July 19 90 136 21 30 3 May 23 May 2 4% Sept. 17 26 Jan. % Jan. 10% Jan. 5 July 3 Mar. 3 Mar. 29 10% Feb. 3 17 Feb. 1% Mar. 29 3% Jan. 28 Mar. 31 2% May 13 % Dec. 14 % Dec. 22 15 9 23% Oct. 40 5 8 Oct. 6 6 14 July 26 May 16 36% Oct. 13 8% May 25 2% Mar. 26 % June 22 4 Mar. 31 1 Mar. 30 Oct. % Feb. Dec. 5 2 % Jan. 17 14% Nov. 16 4% Oct. 28 1% Jan. 7 6 July 29 4 Dec. 20 % Aug. 8 EXCHANGE CURB YORK NEW 4b V Price NEW YORK CURB EXCHANGE 12 Months 1938 In January Jan. 3 3,700 2,500 2,900 400 300 50 1,000 , 550 Royallte Oil Co Ltd— 19,850 Royal Typewriter com Rusaeks Fifth Ave Inc...2.50 Rustless Iron Ac Steel Corp..l 2,000 1,100 575 40 5 5* 34 300 Ac Ltg__.* 82 Safety Car Heating 700 St Lawrence Corp Ltd......* 350 A $2 conv pref—.......50 400 397,000 3,775 20,500 27,400 8,300 II,900 53,200 18,306 150 7,600 1,400 600 1,600 6,700 i """220 St Regis Paper Savoy Oil Schlff Co Scovill MM Co 25 330 Scranton Elec $6 pref..... 700 Scranton Lace Co common..* 1,725 Water Serv 41,500 74,900 18,400 1,600 194,800 63,400 4,350 Scullin Steel 100 8,700 13,000 200 350 2 5* 2 6 55* Jan. 5*« Jan. Gen'l com. 71 63 5^8 45* 115* 62 5 Jan. Jan. 71 10 Jan. 5 5* 25* 2 5* Sale 5* 5* 25* 250 5,700 Sale Sale 13 5* 2 IX 115* Sale 700 ~l",906 32,800 8,100 200 4,000 110 125 700 3,400 500 360 900 25 5,200 6,100 I,300 500 4,000 2,100 800 200 30 60 300 300 50 4,800 2,900 200 500 """300 1,600 "l",406 1,400 1,900 100 2,200 10,800 300 3,400 225 II,000 400 700 2,300 2,800 24,700 200 13,500 """400 1,000 75 50 2,100 2,400 8,775 1,175 1,900 650, 600' " 7,655 1,800 3,300 American stock........25 1 255* 175* For footnotes see 1 195* 64 Jan. 7 4 Jan. 5 3 5* Jan. Jan. 7 15* Jan. 4 1 Jan. 11 12 3 17 24 6 4 Sept. 21 125* Apr. 16 185* 25* Mar. 30 42 Mar. 26 185* 155* Nov. 28 35* 15* Dec. 21 25* 1 Sept. 17 15 8 Mar. 29 155* June 10 295* 110 ~ July 6 114 Jan. 11 Jan. 95* Jan. 215* Jan. 26 28 115* Jan. 255* Jan. Jan. 9 225* Jan. 17 Jan. 27 Jan. 10 105* 15* 15* 315* % 4 5* Jan. 26 Jan. 26 Jan. 12 Jan. 28 Jan. 31 Jan. 27 13 Jan. 23 5* Jan. 28 Jan. 26 595* Jan. 605* Jan. 3* Jan. 1 20 Sale Sale 15i 33 Sale Sale 12 1 Sale 93* 15* 15* 13* 15* 303* 'X4. 34 % 55* 13 5* X 75* Sale Sale Sale Sale 8 13* Sale 59 62 67 60 64 58 623* 68 605* 7 66 8 22 Dec. 5 3 Mar. 29 Jan. 9 1" Mar. 22 Jan. Jan. 28 7 295* June 21 K May 20 Jan. 9 Class B common Swan-Finch Oil Corp 5 45* 5* 5* A 5* 25* 3 63* 65* 55* Sale 85* Sale 205* 21 .5* Sale 205* 26 11 25 635* Jan. 4 16 5* Jan. 18 Sale Sale 95* Jan. Jan. 7 Sale 5 485* Mar. 31 495* Mar. 31 114"" Sale" 123* 105* BX 24 26 19 Jan. 27 111 113 Jan. 6 Jan. 215* Sale 109 Sale Sale 3 15* Jan. Sale 2 2X IK IX 6 Sale 25* 2 5* Jan. 25* 843* Feb. 10 June 23 8 19 Mar. Nov. 22 Oct. 55* Mar. Sept. Apr. 9 14 Jan. 135* Jan. Jan. 107 12 Sept. % May 23 6 A Sept. 55* Jan. 21 17 July 25 1175* Oct. 0 1145* Aug. 24 14 Oct. 13 17 18 27 66 114 2 5* Jan. 145* Oct. 13 Nov. 1 165* Mar. 23 15* Mar. 25 25* Aug. 8 2 5* Dec. 20 55* Jan. 14 July 7 x200 Dec. 12 254 20 3 Jan. 14 219 Jan. 3 6 30 27 35* Dec. 3 5* Jan. 845* Jan. 55* Jan. Oct. 1 Oct. 3 85 Nov. 18 16 Aug. 12 Mar. 17 15* Mar. 26 15* Mar. 26 35* Mar. 28 Sale 3 285* Sale 265* 24 K « 285* 275* 415* 15* Jan. Jan. Jan. Jan. 25* "15* 2 28 Jan. 5 14 435* Jan. 15* Jan. 18 Jan. 5 Jan. 42 6 55* 325* 17 5*6 5* 5*6 Jan. 3 Sale 5* 155* Jan. 215* Jan. 27 225* 125* 23* 13 25* 25* 5* im 30^ Sale 9 175* Sale 18 65* 19 20 104 Sale 101 1 % 135* 105* Sale 6 195* 17 30 85* May 12 Sept. 21 Jan. 20 Apr. 11 Oct. MDec. 10 10 25* Jan. 55* Mar. 285* Apr. 165* Dec. Mar. Jan. 12 1 Jan. 20 3 Aug. 25* Dec. 17 5 5* Jan. 9 185* Aug. 235* Aug. 3 _ 5 Nov. 17 27 Jan. 6 125* Mar. 30 9 18 Jan. 16 Jan. 23 Jan. 26 6 Jan. 25* Jan. 21 2 12 5* Jan. 12 Jan. 21 11 3 5 Mar. 29 185* Jan. 21 15 Mar. 31 14 13 3 Jan. 30 65* Jan. 215* Jan. Jan. 12 Jan. 22 Apr. Apr. 25* Feb. 21 145* Nov. 12 145* Nov. 10 185* July 1 2 7 3 35* 115* 35* Sale 125* 45* 165* Mar. 30 June 10 Jan. 4 5* Jan. 5* Jan. 23 19 1 Jan. Julie 8 Jan. Jan. 24 30 Jan. Oct. 85* Jan. 5*6 Jan. 28 June 23 Mar. 30 Nov. 9 Jan. 11 31 Jan. 9 21 25* Jan. 24 2 Jan. 24 45* Jan. 4 28 20 103 15* Jan. Sept.15 95* Jan. % Jan. 9 35* Sale 3 5* Jan. 26 105* 35* 13 Sale 105* Jan. 3 5* Jan. 26 24 4 Jan. 13 30 28 75* Jan. Sale 6 45* 25* 45< 2* 75* Sale 15* 15* 13 11 65* 25* 35* 55* Sale 15* 105* Sale 75* Sale 115* 165* 11 Sale Sale 3 305* 34 Sale 35* 35* 385* 435* Sale Sale 10 55* Jan. 25* Jan. 35* Jan. 26 6 Sale 25* 35* 35* Sale 6 5* Sale 1 5 1 Jan. 14 Sale 9 Jan. 27 85* Jan. 13 24 Feb. 2 Jan. 3 Oct. 6 Apr. July 25 55* Apr. 2 8 8 July 11 22 Dec. 17 25* Jan. 4 Apr. 16 Apr. 2 Oct. 4 17 Mar. 31 Oct. 21 10 5 13 5 23 26 2 5* Jan. 32 335* Jan. 26 41 Sale 40 Jan. 24 385* Jan. 435* Jan. 2 6 June 27 35* Apr. 1 25* Dec. 27 2 Mar. 24 5 1 Dec. 28 Nov. 22 75* Mar. 30 " Jan. 8 2 3 7 Mar. 28 Dec. 30 295* Apr. 13 39 Oct. 435* Nov. 1 Apr. 18 45* Dec. 15 8 .... 55* 85* 45* Sale 27 29 5 45* 36 65* 5 Sale 5 6 45* 355* Sale 365* 8 i* », ih 165* Sale 5* 223* Sal/' Sale 195* Sale 55* Jan. 45* Jan. 24 345* Jan. 26 5* Jan. " 6A ~ Jan. 75* Jan. 65* Jan. 25* Jan. 4 Jan. Jan. 9 13 175* Oct. ' Jan. 115* Jan. 11 Sale 365* 85* 85* 25* Jan. 3 15 Mar. 26 June 65* Jan. 31 1 Jan. 14 95* Jan. 6 95* Jan. 3 5* 9 Aug. 31 June 30 Oct. 0 Jan. 14 55* Dec. 16 25* 1 31 June 23 5* Feb. 24 5* Nov. 30 25* Dec. 13 17 0 8 Oct. July 235* Jan. 102 1 Sale 9 Sale 15* 17 June 3 19 5*6 Sale 29 13 Oct. 3 30 % Sale 5* Dec. Mar. June 135 29 Dec. Apr. 16 65* Jan. 65* Sale 104 103 13* 95* Sale A X 225* Sale 23* 25* 15* 125* 95* 175* 2 2 12 65* 24 Dec. 30 Mar. 5* July Sale 16 16 Jan. 3 4 Aug. 20 35* Jan. 28 7 35* Jan. 25 0 1X Jan. 5* Jan. 7 25* Jan. 25* Jan. 5* 45* Oct. 255* Mar. 27 17 Dec. 2 148 Jan. 27 1485* Jan. 30 1485* 152 10 3 5* Jan. 35* Jan. 27 3 45* 15* Jan. 12 Sale 15* Jan. 31 1 25* 12 Jan. 18 115* Jan. 21 65* Jan. 12 55* Jan. 31 65* 55* Sale 34 5* Jan. 19 32 Jan. 26 33 34 32 4 185* Jan. 17 Jan. 21 195* IX 115* 55* Sale 5* Sale 75* Sale 2 25* 9 6 4 3* Sale A 5* 35* 15* 25* 3* 5* 165* Sale 213* Sale 85* 95* 195* 21 995* 1015* 15* tSale 15* Sale 26 295* Sale 275* 275* 3 A* Sale AW 17 295*#Jan. Jan. 5 42 65* Sale 375* 38 215* 25 3 13 5 13 Sale 35* 15* i 21 Jan. Jan. Jan. 155 142 148 27 X 27 5* 425* 15* 3 3 35* 15* 45* 25* 12 20 91 1- Nov. 18 13 35* Jan. 15* Jan. 55* Jan. 25* Jan. 35* 15* 55* Sale 35* 15* Sale 13* Sale 53* 5K 2X 25* 25 Technicolor Inc common...* 7 Dec. Feb. 26 Oct. Jan. Jan. 3 5* Jan. 845* Jan. Sale 3 X 3 140 1 Co.........* Tastyeast Inc class A.......1 Taylor Distilling Co ..1 Nov. 16 15* Jan. 1 "IK "3X Tampa Electric 12 4 20 Jan. 9 4 Jan. 213 BK 24 Taggart Corp com Jan. 16 26K ...15 27 July 215* Jan. 5 115* Jan. Sale 13 1 Jan. % Dec. May 55* Jan. 45* Jan. 65* Jan. 215* Jan. 102 7 9 Aug. 25* Dec. 75* 20 Mar. 30 5 95* Jan. 63 5* Jan. 14 Sale June 5* Mar. 18 3 2 Mar. 25 2 11 Jan. 1 27 24 Nov. Aug. 29 Nov. 3 Nov. 9 Oct. 17 35 Mar. 24 1 5* Jan. 10 65* Dec. 29 17 Jan. 11 15* June 29 12 Nov. 10 755* Aug. 8 755* Aug. 10 Mar. 30 Jan. 135* Jan. Oct. 265* 145* 25* 25* 22 13 5* Jan. 15* 15* 315* % 65* Oct. 25 June 20 15 11 July 25 July 20 71" 3 3 59 17 Jan. 92 Mar. 29 48 Ltd— Preferred A. pag6 53. 3 11 20 52 15,225 Stetson (John B) Co com...* ....5 10,050 Stlnnes (Hugo) Corp * 11,850 Stroock (S) Ac Co Inc 22,400 Sullivan Machinery Co.....* 1,600 Sunray Drug Co common...1 ——1 196,450 Sunray Oil 7,300 5K% conv preferred 50 7,600 Superior Oil Co of Calif...25 50 Superior Portl Cement A. 96,100 24,400 14,600 31,900 435,600 Mar. 18 X Jan. 25* Mar. 30 5* Mar. 22 16 "135* 7K 51 Standard Oil (Nebraska)...25 Standard OH (Ohio) com..25 5% pref 100 Standard Power Ac Lt com__r Class B common ...* $7 preferred * Standard Products Co ..1 Standard Silver Lead.......1 Standard Steel Spring Co.-5 Standard Tube class B 1 Standard Wholesale Phos Ac Acid Works 20 100 155,400 Starrett (The) Corp v t C..1 150 Steel Co of Canada ord.....* * 1,250 Stein (A) Ac Co com 26,200 Sterchl Bros Stores Inc.....* 425 6% 1st preferred........50 800 5% 2d preferred ...20 51,905 Sterling Aluminum Prod.. .....1 21,400 Sterling Brewers Inc 82,500 Sterling Inc—.............1 3,300 2,000 200 IK Sale Sale 15,600 52,110 3,625 207,400 15,100 5,310 74,650 83,100 115,300 21,000 '1,900 1,100 16,400 AX 2K 51,300 Southland Royalty Co.....5 39,500 South Penn Oil 25 3,200 So West Pa Pine Lines 50 Spanish At General Corp Ltd 10,700 Am dep rets ord reg shs..£l 2,100 Am dep rets ord bear...l£ 10,100 Spencer Shoe Corp ........* 2,446 Stahl-Me/er Inc com • 6,100 Standard Brewing Co • 16,600 Standard Cap Ac Seal com...1 11,400 Conv preferred.. ....10 Standard Dredging Corp— 9,700 Common — 1 1,650 $1.60 conv preferred 20 13,150 Stand Invest $5X P*«f w w..* 102,700 Standard Oil (Kentucky).. 10 100 35 3 24 15* 19 123* 15* 13* 295* % 63* dep rets—...fl 30,900 Sou Calif Edison pref B 25 20,500 5K% Pref class C 25 2,110 5% original pref ...25 6,300 Southern Colo Pow d A..25 290 7% preferred 100 440 South New Engl Telep Co. ISO 3,600 Southern Pipe Line...—..1$ 14,700 Southern Union Gas com...* 825 24 Jan. 95* Jan. 22 5*6 Feb. 28 465* July 19 79 Nov. 23 85* July 21 125* Dec. 31 41 Dec. 30 4 Jan. 11 15* Jan. 13 Mar. 28 Jan. 3 56 Sale 11 45 14,300 gently Safety Control 1 3 900 Serrlck Corp class B com_..l 4 * 11,100 Seton Leather com... 1 386,625 Seversky Aircraft Corp ..1 65* 159,500 Shattuck Denn Mining 5 195* 7,400 Shawinlgan Water At Power 83 78,785 Sherwin-Williams Co com..25 2,690 5% cum pref A A A.....100 100 Sherwin-Williams of Can...* Shreveport Eldorado 5,200 Pipe Line stamped—...25 BK 10,920 Sllez Co (The) common —*| Simmons-Boardman Pub 100 Corp conv pref * IK 48,500 Simmons H'ware At Paint Co * 5 30,700 Simplicity Pattern Co 1 224 3,330 Singer Mfg Co 100 Singer Mfg Ltd— 5 Am dep rets ord reg sbs._£l 4.300 100 SIouz City G Ac E 7% pref.100 100 Skinner Organ Co * 425 Smith (Howard) Paper Mills.* 2 51,100 Solar Mfg Co 1 IX 90,800 Sonotone Corp.............1 23,200 Soss Mfg Co ... 1 254 20,500 South Coast Corp com.....l 450 5 43 25* Jan. Jan. 115* Jan. 15* Jan. Sale 1 13* 11 115* 22 5* Sale Sale A* certificates..... Selfrldge Prov Stores, 2,400 3 28 5 Sale 3K 585* IK 5 20 555* Jan. 45* Jan. Sale 59 66 63 Jan. 19 5 Nov. 25 145* Oct. 28 25* July 1 45* Dec. 8 7 55* Jan. 125* Jan. 405* Jan. 2 5* Jan. 5* Jan. 44 5* 42 Sale 5* 5 Sale 425* 3 14 Jan. AX Aug. 25 15* Mar. 30 35* Mar.31 A Dec. 13 35 Sept. 24 305* Apr. 2 45* Mar. 30 4 Jan. 55 6 A A 35 36 Segal Lock Ac Hardware com 1 Selberling Rubber com * Selby Shoe Co com Allotment 23 43 Jan. 1 20 25* 25* Jan. 55* Jan. Jan. Jan. 5* 5*6 Sale "XV/ 25* IK 13 25 1 $5.50 prior 22 5* June 6 4 Mar. 29 2 5* 55* Sale 25 Warrants Seaman Bros common 12,350 3 2 17 117,500 Selected Industries........1 Convertible stock.......-5 17,600 4,400 1,000 Jan. 2 A 12 $6 pref Co common.. Securities Corp 13 4 5* Scranton-Spring Brook 50 Apr. 115* Apr. 90 21 Co.....—.......5 com * 3,900 4,100 1,600 4 7 68 18* it" 25* IX 125* 23 X 20 41 1 Corp com—1 Jan. Jan. 25* 5* Sale 3 5 104 15 26 Jan. Dec. 6 100 17 1 Jan. Jan. 95* Jan. 15* Jan. 5 15* Sale 5 100 Co 7% preferred Salt Dome Oil Co Samson United 3 Highest Sale Prices Sale Sale IX 25* 7 7% Sale $2.50 conv pref Lowest Sale Prices 14 15 10 K Sale 13 38 3 5* 7,700 20,100 Highest Sale Prices 103 145* 1BK 15 42 5* -* Ryan Consol Petroleum——* Ryerson Ac Haynes Inc com.l 20,700 109,700 4,150 32,900 51,500 300 Ask Ask Bid Bid Ask STOCKS (Continued) Par Bid I,750 Rochester G & E 6% pf D-100 1034 16 * 3,700 Roeser & Pendleton Inc Rolls-Royce Ltd— 400 Am dep rets ord reg £1 6 55* 38,500 Rome Cable Corp common..5 15* X 10,550 Roosevelt Field Inc........6 Sale 3 58,600 Root Petroleum Co com__._l 8 9 11,100 $1.20 conv preferred 20 A X • 16,500 Rossta Internet Corp 400 Lowest Sale Prices Jan. 31 3 Jan. 1938 Shares Shares 400 1938 YEAR FOR RANGE JANUARY IN PRICES AGGREGATE SALES 55* Jan. 55* Jan. 36 5* Jan. A Jan. 5* Jan. 2254 Jan. 25* Mar. 29 265* Feb. 8 Nov. 1 31 Sept. 21 Oct. 24 Jan. 25 45* Nov. 10 95* Aug. 0 2 Feb. 13 13 July 17 23 Nov. 9 135* Feb. 1 35* Jan. 18 Aug. 26 455* Dec. 1 44 Nov 1 39 155* Oct. 8 Sept. 31 8 65* July 19 365* Dec. 29 5* Jan. 10 15* Jan. 11 265* July 29 FEB., 1939] NEW YORK CURB AGGREGATESALES In Shares 400 2,975 170 2,300 1,750 2,900 35,5oo 38,150 44,9oo 100 1 ?°° i.i75 93,000 "5",800 Par Tean Ei Pow 7% 1st ptef Texas P & L 7% pref Bid Jan. Ask MM Texon Oil 8c Land Co .2 Thaw Shovel Co common...5 Tllo Roofing Inc • Sale 9 11 8 1 Tishman Realty 8c Constr TobaccoOc Allied Stocks 4 Sale Sale 14 K 15 IK Tobacco Prod Exports • Secur Trust Co Ltd 57 2K 2K 4K Am dep rets ord reg sh»._£l Am dep rets def reg—...5s 16K "1.425 150 44 H 90 9,0io "2,200 2 200 IK 77 69 74 95 K 100 16 IK 82 Lowest 334 Highest 121,800 900 Sale Prices 69K Jan. 24 71K Jan. 94 10 5 44 97 Jan. 23 83 334 Jan. 3K 4 Jan. 5 Jan. 15 Jan. Jan. 12 1334 Sale 12K Jan. 3 2 Jan. 64 K Sale 300 12.000 5,100 11.500 19,200 ""966 1,600 "lJOO Common.. 54 2K 6K 434 14K 15 IK IK 75 K Sale K K K Sale Sale Ulen & Co series A pref Series B pref Sale K K 734 9 5K 25 Sale 12 K Sale Sale 7K 36 Sale 2K 6K 334 8 JA 7K 9 Jan. 27 Jan. 12 73 K Jan. 100K Jan. 107K Jan. 30 15 Jan. 17 2 434 Jan. 15 Jan. 80 16 103 26 Ill 7 1 * 1254 Union Investment Co com..* Union Premier Food Stores. 1 Union Traction Co.... 50 534 10 IK 13 K 7 25 1,200 5,600 65",500 Un Cigar-Whelan Stores. 10c United Corp warrants United Gas common 1 5,000 561,600 88,600 903,400 34.495 93,500 20 590 United G 8c E 7% pref... 100 United Lt 8c Power com A * Sale 11K Sale Sale 3 334 6K 7K IK 12K 334 IK 1334 „ 4 34 IK 434 K Jan. Jan. Jan. Jan. 8 Jan. 3K 23 Jan. 24 Jan. Sale 2 4K 24 7 16 % Jan. 20 8 A % IK 4K 11 26 9 6 Jan. 7* 16 4 1234 Jan. 30 36 Jan. 3 18 Jan. 25 2 Jan. 334 Jan. 7K Jan. 20 7 4K Jan. 30 534 Jan. 18 4 IK Jan. 13K Jan. 20 Jan. 30 27 3 13 Jan. 2K Jan. S3 10,100 61,600 5,310 31,800 $7 1st 40,600 ""25 100 50 300 $6 310 16,800 1,200 1,200 2,100 i90 com * * Unit Profit Sharing com United Shipyards class A Class B 900 9,000 100 2,400 150 300 850 2 4 4K 6 4K Jan. 27 434 Jan. 12 3 K 2K 76K K 23 IK Jan. A Jan. 334 Jan. 16 7 87 80 Jan. 9 80 Jan. 2K Jan. 5 3 Jan. 19 234. Jan. 27K Jan. 26 12 234 Jan. 3434 Jan. 20 1,325 * 10 300 1,900 5,400 j 1,600 5.200 United Stores Corp com 275 United Verda Extenolon —50c .... Universal Insurance.. Universal Pictures 1 com. Ill's 2,000 5.300 4,300 180 200 4,900 3,900 Conv preferred.. 31,700 119,900 JUtil Pow 8c Light com Class B common.... 8,400 20,350 7% preferred ValsparCorp conv • * t.s06 1,700 600 4,300 2,900 4,000 21K IK Sale IK 2234 1 Petroleum 1 900 Virginia Pub Serv 7% pref 100 9.500 Vogt Mfg Corp 33,600 Waco Aircraft Co 26,700 Wagner Baking com 7% preferred.. Vi 3 2K 6934 Jan. 31 69 34 Jan. 31 5K Jan. 5 5K Jan. 5 * * e t c 80 534 Sale 3 Sale 87 Sale % Sale 79 K 82 2K Sale 2K Sale 29 K Sale 19K 20K 6934 Sale 4K 1 5K % K 8 10 K 134 85 4 5K K 12 Sale Sale Sale Sale 434 Sale % 8 4 Sale xg 5 834 IK Sale 4K "Ik "Ik 4K 2K IK 29 Sale Sale Sale 2K A Sale 34 Sale 2K Sale 14 80 IK Jan. 78K Jan. 42 Jan. 334 Jan. 26 Sale 42 K Sale 334 Sale 2k 234 Sale 17 K A 2K 12 K 3K IK 6K Sale 2 234 52 53 34 2K Sale 2 Sale 27 30 27 Sale IK 7K 34 6K 8K Sale 10 11 1 2 7 9 28 7 11 3 3 28 10K Jan. IK Jan. 8534 Jan. 11 43 Jan. 3 434 Jan. 4 6K Jan. 54 Jan. 5 24 7K 7K Sale Sale 9K Sale Sale Jan. 11 26 4 68 5 25 30 Jan. 1634 24K 4K 234 K 5K Jan. Jan. Jan. Jan. Jan. IK Sale 29 31 Sale 4 2K. 2K K 5K A A % 1 2K Sale 13 16K 4K 13K 7 Sale 6K 16 K % Sale 53 IK Sale IK 2 51K A A 50 a IK Sale A K 5 K 12 K 14 IK Sale 27K 29K 23 K Sale 6K Sale K Sale 7K 8K Sale 6 IK Jan. 2834 Jan. 1234 14 21K Sale 3K Sale 14 K 3K Jan. % 11K 434 13 734 834 16 Sale % Sale 134 IK A Sale A 5. 13 K 14 K 26 Jan. Sale 5 4K 49 42 K Jan. 62 K Jan. 1% 27 K 20 A Jan. 4 10 10K 134 Sale 10 K 3K 31 7K Sale Jan. 13 21K Jan. 3K Jan. 26 Jan. 25 K Jan. 24 2 26 Jan. 6 A Jan. 34 Jan. 2K 1434 3K 12K 6 Jan. Jan. Jan. Jan. Jan. 15K Jan. K Jan. 49 3 26 24 28 19 26 154 Jan. 10 19 5 5 3 5 4 Jan. 9 34 Jan. 4 Jan. 11 Jan. Jan. Jan. Jan. 5 1 24 4,800 Waltt 5c Bond Inc class A..* Class B_ » 3,500 32,100 Walker Mining 12,400 Wayne Knitting Mills I ..5 13,300 Welsbaum Bros-Brower Co..l 27.000 Wellington Oil Co common..1 50,900 Wentworth Mfg Co 1.25 54,200 Western Air Express Corp__l 100 Western Grocery com.....20 $ iS |E f. I* Sal* 8 K IK 5K 6K 36 5" IK Sale 834 934 4K 6 434 Sale 234 234 434 Sale K 10 7 680 7% 1st preferred Western Tablet 8c 100 1,350 550 16 425 Westmoreland Coal Co 22 16 4,200 400 200 800 3,000 700 130 "3~, 600 2,700 550 9 54 May 50 K Mar. 39 Jan. 3K June 20 Mar. 30 31 IK June 11 28 26 12 16 Jan. 18 Jan. Jan. Jan. Jan. Jan. 24 30 16 3 11 234 Jan. 4 17 20 11 12 5 20 30 Jan. 17 24 27 K Jan. 3 6K Jan. K Jan. 3834 Jan. 24 16 Jan. Jan. Jan. Jan. 3 8K Jan. 734 % 47K 834 434 Jan. 634 Jan. 24 7K Jan. 3 30 8 4 19 24 Jan. 5 5 5 May 21 K Dec. 13 Mar. 26 IK June 28 29 1 K Apr. 31K June 20 A IK K K Dec. 20 Mar. 30 Mar. 28 Sept. 8 7 Mar. 25 IK Mar. 30 20 K June 16 234 354 2K 334 5K 4 15 „ CK 8 3 8K 6 Am dep rets ord shs 9,200 ...5s 507,500 Wrlght-Hargreaves Ltd.....* 5,800 61,200 Yukon Pacific Mining Co—5 1834 17 K 754 Sale IK Sale 3K Sale 634 13 K 14 8 Sale IK Sale 234 6K 14 8 11 Mar. 31 2K K 38 K 4K Mar. 29 Mar. 26 Dec. 23 June 2 1K July 77K Jan. 10 K July IK Mar.29 5K Mar. 29 Jan. 28 K Dec. 16 534 Dec. 15 7 34 Nov. 8 7 19 18 25 Dec. 29 11K Jan. 10 83 28 Jan. 1K Mar. 8 7K Sept. 23 1 July 6 24 19 6 21 Jan. 5 4K Apr. 2K Dec. 2K Jan. 4K Jan. 4 27 5 IK Mar. 30 IK Sept. 14 Jan. 28 50K Jan. 4 30K Mar. 31 75 1434 Jan. 24 14K Jan. 24 13 K Sept. 15 22 K Mar. 14 4 19 28 6 9 9 3 7 Sale 5K 5K 234 7K 834 19 26 K Dec. 5 10 Jan. 9 9 % Dec. 7 7 2 Mar. 30 11 Nov. 25 8 Aug. 18 6 Jan. Jan. 1 9 7 3 10 Jan. Jan. 9 5 6 8K Oct. 6 6 Oct. 67 K Mar. K Mar. 4K Sept. 4K Mar. 2K Mar. 29 25 28 28 Jan. 7 4 91K Jan. 20 25 6K June 16 6 May 31 58K Apr. 20 26 8K Jan. 6K Jan. 3 10 354 Mar. 31 554 May 25 24 3 4 2 534 Jan. 5K Jan. 26 13K Jan. 6 Jan. IK Jan. 10K Jan. 5K Jan. 19 234 Sale 7 2 17K Jan. 534 Jan. 17 18 234 434 3 17 3 24 IK Jan. 5K Jan. 6K Jan, 8 5! Jan. 2K Jan. A Jan. 25 89K Jan. 3K Sale 834 10 8K 11K 2K Oct. 24 3K July 21 5434 Nov. 9 Jan. Jan. Jan. Jan. Jan. Jan. IK 834 4K 334 2K 3K 40 IK IK 534 6 5K 634 234 Sale 7 19 14 K Nov. 10 IK Jan. 10 5934 Nov. 10 3K July 25 36 July 25 28K Nov. 10 83 3 Sale A Mar. 29 1K Aug. 17 354 Oct. 10 19 Aug. 9 5K Oct. 13 31 26 28 Sale 5 ~ Aug. 5 Aug. 3 Jan. 11 Aug. 10 Jan. Jan Jan. Jan. Jan. Jan. Jan. 24 Jan. Jan. Jan. Jan. Jan. 84K Jan. 2K 5K 10 Oct. Dec. IK 2K 5334 34 IK K K IK Jan. IK Jan. Jan. 1 6K 3K K 6K 14 K Dec. 28 K Sept. 15 IK Mar. 29 19 11 28 30 23 K Dec. 31 16 Mar. 30 8 „• IK Jan. 32 IK Mar. 30 K Dec. 21 Jan. 10 70 K Nov. 16 Feb. 11 13 K Dec. 29 23 K Dec. 29 7 12 Nov. 15 8K July IK Jan. Mar. 30 Mar. 29 Feb. 12 86K Dec. 15 46 K Dec. 21 6K Jan. 13 2K June 3 Jan. Jan. 17 27 10 K Nov. 30 3 Feb. 14 2K Jan. 2 28 230 1 July A Dec. 8K July 1 22 3 31 31 1 4K Sept. 42* 13 29 6K Jan. Apr. 212 Oct. 20 4 53. 65 31 3K Oct. 4K Jan. 34 K Oct. 24 Aug. 70 May IK Mar. IK Apr. 13 K Mar. 17 K Jan. Jan. 3 Jan. page 78 Apr. 56 17 86 15,200 Williams Oil-O-Matic Htg___* * 21,200 Wilson Jones Co com 1 3,000 Willson Products Inc 190 Wisconsin P 5c L 7% pref.100 10 8,300 Wolverine Port Cement 58,500 Wolverine Tube Co com ..2 15.500 Woodley Petroleum Corp 1 see 1H Jan. A Mar. Dec. $6 preferred............ W Va Coal 5c Coke com ..* 38,400 For footnotes Mar. Dec. Dec. ... Wool worth (F W) Ltd— 300 69 Aug. 11 Nov. 12 Oct. 15 Jan. 12 Jan. 6 14 6 4,800 Williams (R C) 5c Co & x8 10 Jan. 39,600 4,750 Weyenberg Shoe Mfg Co Mar. Mar. K Mar. K Mar. 254 Dec. 62 2 14 19 West Texas Utilities Co— 100 2 30 Mar. 29 9 Inc.. 3 Jan. Jan. 634 Jan. 11 14 K July 20 3K Nov. 14 May 31 K 134 Sale 13 15 Sept. 28 9 * 600 Westmoreland 11 27 27 Oct. IK Mar. 534 Jan. A IK 10 34 4K 3K Sale 15 6 3 Stationery Common.. 7K Oct. 8 50 24 42 K Oct. 8 12 10K 100 Oct. 28 3 7 Western Maryland Ry— 140 June 24 12 K Aug. Mar. 16 7 134 5 July ft 27 3K Oct. 18 8K Nov. 4 23 ......100 common Jjne 21 20 11 Jan. Jan. Jan. Jan. IK Jan. 2834 Jan. 2234 Jan. 5 5 2K 1434 4K 1234 Oct. June Aug. 19 Jan. 1634 Jan. % Jan. 26 49 K Jan. K IK K K 1234 3 Jan. 27 4 4 21 K IK 3K 7K IK 8K K Mar. 30 4 21 9 Dec. 111 Dec. IK Mar. 26 20 Jan. 18 Jan. 2K Dec. 22 % Jan. 25 242 10 3K 2K Jan. 34 Jan. 9 Oct. Mar. 31 10 12 K 100 5 5 16 24 1 common 1,000 Wahl (The) Co 200 Sale 50 34 IK 1 Van Norman Mach Tool com 5 Venezuela Mexico Oil ....10 50 554 ...7 pref Venezuelan "5 ...8 .. Universal Products Co.. Utah Idaho Sugar Co... Utah Pr & Lt $7 pref... $4 IK o Sale vtc • United Wall Paper.. ...2 Universal Consol Oil Co ...10 Universal Corp v t c 1 59,200 4,500 19,600 34,500 123,300 Sale 1 com Reclaiming • U S Stores Corp com .__* S7 Conv 1st pref ._.....* 700 Utah Radio Products com..l 21,700 Utility Eauitles com • $5.50 priority stock 8,750 ._...* 20,800 Utility 8c Ind Corp com 5 1,300 1,225 11 1 Rubber 68 234 Sale 20 K 43 Sale 1 1 pref..........20 conv U S Radiator 19 43 * * warr U S Playing Card com 10,275 500 8 * com 30 Sale 37 2 14 4K Apr. 20 9 Jan. Jan. Jan. Jan. Jan. 434 44 K Sale Sale Sale Sale K 80 237 71 1 2 634 K 25 U S Plywood Co common 2,100 71 6K 1 common. 1st preferred with U S Linos Inc pref 26,600 130.900 187.000 1,000 68.300 630 8.500 4,200 7,100 68 434 Sale 20 25 USA Internet Sec $1.50 3K 21K 17 K 2K US Foil class B U S Sale "334 Sale" 1 Preferred 49,200 23,900 11.700 2,390 98 1 United Shoo Mach com United Specialties 350 1,700 1,800 400 200 25c 10 10% preferred 14,350 24,700 7,750 1.600 500 .* pref Am deo rets for ord reg United N J RR & Canal.. 100 145,200 25.600 2,300 1st * S3 preferred United Molasses Co Ltd— 209.900 161,800 60,085 5,540 22,100 1,500 96 IK United Milk Products 500 8,400 5,175 * Common class B 8.900 "5", 200 pref 47 54 Sale % Sale 434 Sale Warrants 2,700 o non-vot Sale 3 3K 42 K 134 34 3K 84 K K 75 K 234 13 Sept. Dec. 104 3K Mar. 30 Sale 234 38 ..... 364,200 21,800 321,225 1.825 725 7,200 partlc pref cum 12 12K Jan. 234 Jan. United Chemicals Inc— .__....* 2 June 2 IK Jan. 12 4 12K 17 13 82 5K Mar. 26 11 12 K 17 Oct. 16K Jan. 98 K Mar. 54 Jan. 254 Jan. 534 Jan. Sale 13 6 Feb. 5K Oct. Dec. x85K Apr. 26 534 IK IK Oct. 5 Mar. Jan. Jan. 934 2834 2K 6K 5 12 K 15 2K Mar. 31 14 24 8 29 63 Dec. 27 Mar. 18 Jan. 12 Jan. 5K Oct. July 21 Dec. 3 29 K Sale 5K 3 Unexcelled Mfg Co Inc.....10 Union Gas of Canada 2K 7 5K 2% 634 * * 49.500 175 400 2 Highest Mar. 29 Oct. 6 102 50 A K IK 2 434 Sale Sale 2 % Sale 7K 934 1 Common 1938 Sale Prices 76 34 Oct. 28 3K Mar. 29 6K Mar. 29 7K Mar. 31 15K Jan. 17 Tonopah Belmont Devel—10c Class A 21,200 1 37,900 Tung Sol Lamp Wks com...I 80-cent dlv pref.. 15,600 * 2,500 1,300 YEAR Lowest Sale Prices Tubize Chatillon Corp— 12,500 ' RANGE FOR Sale Prices Ask 101K Sale 26,800 Tonopah Mining of Ner 1 66,200 Trans-Lux Plct Screen com.l 119,200 Tranawestern OH Co 10 46,9oo Trl-Contlnental Corp Warr._ 1.400 Trunz Pork Stores Inc... * 6,300 4,900 2,400 94 Sale 15 Sale 3 67 434 14 K Todd Shipyards Corp...... .♦ 850 Toledo Edison 6% pref..100 7% preferred A 100 17 H 2 H Sale 5,400 6,500 13,370 Jan. 31 Ask Bid 87 3 34 • "50" "57" 3 Bid 70 100 Tobacco 200 JANUARY Jan. 3 1938 STOCKS (Concluded.) 49 Price 1938 Shares PRICES IN NEW YORK CURB EXCHANGE 12 Months January EXCHANGE 23 14 Jan. 14 8K Sale 8 Jan. 3 8K Jan. 21 134 Sale 1 Jan. 26 IK Jan. 6 13 Mar. 29 Dec. Nov. 9 ljf Oct. 19 3 4 K Nov. 25 8 Jan. 7 Jan. 12 934 May 26 9K Mar. 2 Dec. 17 2K Jan. 18 7K Jan. 10 634 July 30 5K July 25 10 K July 25 9K Feb. 9 83 Dec. 28 3K Jan. 12 9K Oct. 25 7K July 23 88 9 16K Jan. 654 Mar. 31 854 Feb. 3 1 2K Jan; 11 Sept. 14 28 YORK NEW 50 PRICES AGGREGATE SALES January CURB 12 Months 1938 Shares IN RANGE JANUARY FOR YEAR 1938 Price NEW YORK In EXCHANGE CURB Jan. 3 EXCHANGE Ask Shares Lowest Ask Ask Bid Bid Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Jan. 31 Jan. 3 1938 Bid BONDS 384,000 49,000 132,000 123,000 222",600 28,666 250,000 1942 56,000 Abbott's Dairy 1967 2,538,000 Alabama Powtrl^i 1st Ac rsf 5s. 1956 499,000 5s 1968 963,000 1st 5s 1946 1,002,000 5s registered 1946 5,000 1st 8c ret 5s—... -.1951 988,000 5s Registered 1951 7,000 1948 455,000 Aluminium Ltd 5s— 2,935,000 Amer Gas 8c Elec deb 5s —2628 58 called 2028 53,000 982* 802* 912* 86 24 102 Sale Sale Sale 99 101 92 94 98 2* 106 2* 1062* 107 Sale 3,487,000 694,000 234,000 30,000 134,000 507,000 543,000 422,000 1,724,000 3,923,000 2,807,000 131,000 1,000 2,619,000 17,000 2,684,000 205,000 2,057,000 7,000 676,000 464,000 1,558,000 40,000 9,000 5,000 309",666 415",000 16,000 306,000 eo'ooo 87,000 85,000 15,666 ..................2016 6s Amer Radiator 1947 stpd 1946 deb 4 Ws. American Seating 6s . Appalachian Power 6s 2024 Ark Louisiana Gas 4s.__.1951 24 105 Jan. 13 98 Jan. 30 100 Jan. 13 1052* Jan. 1082* Jan. 11 1062* Jan. 26 1092* Jan. 17 852* Jan. 882* Sale Sale Jan. Sale 1062* 106 J* 105 100 Jan. 1002* 1012* Sale 3 1062* Jan. 20 21 28 1012* Jan. 23 3 1212* Jan. 3 1032* Jan. 85 2* Sale 99 98 Sale 100 1182* Sale 102 J* Sale 10124 Sale Arkansas Pr Ac Lt Associated Elec 36 Sale 47 27 29 Sale 1082* Sale 120 123 103 2* Sale Sale 49 2* Sale 103 2* Sale 118Y 1022* 1012* 412* 312* 1955 4H«_.1955 Atlantic City Elec 32*a..l964 Avery (B F) Sons 5s w W--1947 5s ex-warr —1947 Assoc Tel At Tel 5H« A Atlanta Gas Light 4 Jan. Jan. Jan. Jan. Jan. 272* Jan. 14 34 40 Jan. 25 462* Jan. 23 30 Jan. 14 372* Jan. 722* Jan. 742* Sale 732* 752* 1022* Jan. 103 104 103 2* 105 1052* 1042* Jan. 1042* Sale 912* 93 912* 93 852* Jan. 85 85 89 852* 28 772* Jan. 21 Jan. 20 Jan. 23 212* Mar. 31 262* Apr. 13 1 62 Apr. 802* 922* Feb. 10 103 2* 4 1042* 9621 Apr. 6 95 892* Oct. Sale 292* Jan. 28 Sale 33 Sale 34 31 37 43 46 Sale 35 Sale 292* Sale 402* Sale 322* Sale 279,000 55,000 20,000 10,000 289,000 24,000 19,000 Works 1950 1955 1st M 5s ser B June 1 1957 5s series C —1960 1998 196,000 Bethlehem Steel 6s 1,080.000 Birmingham Elec 4 H>—-1968 1959 510,000 Birmingham Gas 5s 252,000 Broad River Power 5s A—1954 81,000 57,000 516,000 12,000 7,000 "¥, 606 42,666 29,000 634,000 86,000 506,000 218,000 4,835,000 1,408,000 721,000 344,000 ♦Convertible 6s Bell Tel of Canada 5s 1953 816,000 Canada Nor Power 5s 1,299,000 Canadian Pacific Ry 6s.-1942 1956 2,522,000 Carolina Pr Ac Lt 5s. 324,000 Cedar Rap Mfg Ac Pow Ss.1953 2,962,000 Cent 111 Pub Serv 4 He F.1967 5s series E —1956 620,000 5s Series G —.1968 1,362,000 4H« series H -.1981 437,000 364,000 Cent Ohio Lt Ac Pr 5s A-.1950 652,000 Central Power 5s ser D..1957 5,245,000 Central Pow Ac Lt 5s.....1956 1948 2,355,000 Cent States Elec 5s —1954 5Hs 4,404,000 2,176,000 Cent States Pr AC Lt 5 Ha.1953 Chicago Dist El Generating 1970 4Hs series A 521,000 67 Sale 1122* Sale 120 Sale 1212* Sale 1292* 130 79 81 562* 57 y, 82 85 103 2* 1062* 107 962* Sale 114 115 915* Sale 99 98 Sale 99 88 90 91 93 66 70 Sale 40 862* 372* 392* Sale 44 2* Sale 105H 1062* Sale 1102* Sale 1202* 121 124 1252* 144 1442* 842* 872* 69 72 2* 115 83 1022* Sale 1092* Sale 121 Sale 123 145 126 150 125 147 Jan. Jan. Jan. 23,000 207,000 3,000 5,000 405,000 17,000 1,000 1,423,000 1956 4H» series A 274,000 Chicago Junction Rys Ac Union Stock Yards 5s.. 1940 1,209,000 t^Chlc Rys 5s ctfs of dep.'27 137,000 Cincinnati Street Ry 5H *1952 6s series B 1955 123,000 1966 398,000 Cities Service 5s 5s registered 1,000 Conv 14,581,000 5a 7.000 225",660 2,370,000 112",000 6,000 212,000 deb Jan. 7 1482* Jan. 17 24 126 9 91 Jan. 20 5 73 2* Jan. 84 Jan. 24 1022* 103 2* 962* 1142* Jan. 3 104 Jan. Jan. 30 103 2* Jan. 3 1012* Jan. Jan. Jan. Jan. 19 115 143,000 Conaol Gas of Bait 5s—...1939 4H s 1954 149,000 73 6 1022*# Jan. 92 Jan. Jan. 552* Jan. 62 Sale 732* Sale 73 57 Sale 712* Sale 712* Sale 712* Sale Oct. 17 8 Aug. Jan. Dec. Dec. Mar. 13 22 22 9 Nov. 10 29 18 22 28 Dec. 30 Oct. 22 Nov. 9 18 Apr. Mar. 12 20 18 26 15 103 Nov. 17 Apr. 103 Nov. 14 6 Jan. 94 Aug. 25 Jan. 4 Mar. Dec. 31 372* Jan. 372* Jan. 612* Jan. 27 20 Mar. 41 Jan. 232* Sept. 322* Mar. 41 Jan. 14 12" 572* July 19- 4 20 1002* 104% Dec. 27 1072* May 18 992* 1002* Sale Nov. 14 28 27 982* Jan. 7 1012* Jan. 21 Jan. 10 1042* Jan. 9 Jan. Jan. Jan. 14 72 55 2* Jan. Jan. 20 68 Oct. 4 87 Jan. 7 17 732* Jan. 6 70 Oct. 5 912* Feb. 7 13 77 30 722* Jan. 7424 Jan. 104 Sale 1042* 104 44J* 512* 53 442* Sale 70 722* 702* 692* 75 7224 68 80 73 71 Nov. 10- Jan. 13 32 Nov. 10 1022* Jan. 5 84 30 24 101 35 17 105 Ill 5 Jan. 19- Oct. 1082* Jan. 982* Nov. 1152* May 1032* Nov. 105 July 1032* July Mar. 5 102% Jan. 99 Jan. 90 Sept. 852* Apr. 942* Mar. Jan. 9 Nov. 762* Nov. 22 90 Oct. 10 1012* Mar. 100 Sept. 21 5 712* Jan. 72 2* Jan. 682* Jan. 702* Sale 3 12 72 Sale Jan. 84 10 20 30 20 Jan. 27 74 Jan. 20 682* Jan. 101% Jan. 27 73 2* Jan. 18 27 101% Jan. 3 30 10225«Jan. 3 68 1958 1,505,000 Community Pow AC Lt Ss.1957 842,000 Community Pub Serv 5s A1960 1951 31,000 Conn Ltg Ac Pow 7s A 13 20 5 102ll«jJan. 83 Dec. 31 Nov. 10 85 70 Apr. 4 4 552* Jan. 712* Mar. 31 6 10231«Jan. 1012* Jan. 9 Nov. June 17 145 129 4 103 2* 6 Nov. 17 Mar. 31 1162* Dec. 57 1092* Dec. 16 1142* Jan. 1 123 Nov. 1172* Apr. 118 Dec. Sept. 26 125 3 27 103 98 1969 4 24 Jan. 86 104 1958 ... 122,000 16,000 1212* Jan. registered._______..1950 5s 5s registered 5s 2,366,000 Cities Service Gas 5H«--1942 764,000 Cities Serv Gas Pipe L 6S.1943 6,316,000 Cities Service P Ac L 5He_1952 5 H* gold deb 1949 2,328.000 "8", 606 4 81 1966 1950 5s 159,000 124,000 1,068,000 355,000 120,000 922* 90 26 1162* Jan. 24 1102* Jan. It* 1 Apr. 822* Oct. 10331»al042* 1062* 47 89 J* Jan. 86 692* Jan. 86 1032* Sale 1002* Sale 115 1152* 1142* Sale 102«»tl032* 10231i2l03 2* 10215»al022* 102is»al022* 101 1012* 1022* Sale 83 85 832* Sale 100 Sale 1002* Sale 37 Sale 352* Sale 36 Sale 352* Sale 582* Sale 572* Sale 912* 90 9 10524 17 83 962* Sale 106 2* 44 H 85 12 104 36 202* Mar. 30 Jan. 892* Sale 73 Sale 85 1032* Sale 102 Sale 962* Jan. 1092s Jan. 1202* Jan. Chicago 111 Midland Ry— 113,000 Mar. 26 26 Baldwin Locomotive 759,000 1072* Feb. 23 1192* 6 104 962* Apr. 86 Jan. 26 1012* 21 30 Mar. 30 512* 6 202* Mar. 31 35 262* Jan. 19 262* 21 Mar. 31 9 362* 362* Jan. 32 32 95 Jan. 582* Mar. 31 912* Oct. 20' 1032* Dec. 27 108 Sept. 6 79 Jan. 3 102 Nov. 16 36 29 Sale Sale 1042* Sept. 17 1072* Apr. 22' 1 1092* Aug. 23 106 Apr. 1053IuDec. 15 1062* Nov. 21 10 14 35 34 72 89J* Jan. 762* Apr. 702* Apr. 18 33 292* Sale 92 H 862* Jan. 98 4 5s registered 4H« series C Jan. 20 Sale 102 h Sale 105 Jan. 27 17 3 1042* Jan. 14 5024 Jan. 90 96 Sale 1082* 99 H 100 92 Sale —1968 ———1949 5H« 1977 Cons deb 5s._.__——1950 5s registered 1950 Jan. 111 2* 110 5s_._—1956 4H8-._-.1953 Assoc Gas Ac Elec 4«s._.1948 4H« registered 1948 As ..-1968 87 102 Sale 79 20 27 97 106 2* 1052* 772* Sale 1052* 1062* 912* Jan. 17 104 Oct. 8 27 862* Nov. 14 1 98 Nov. 14 1 912* Oct. 29 89 Jan. 27 1042* Dec. 15 912* Mar. 16 9i2* Mar. 16 1 78 Apr. 992* Dec. 21 80 Feb. 25 Feb. 2580 102 65 20 20 3 Jan. Jan. 84'2* Sale 106 American Powsr Ac Light 370,000 10,000 28,000 Jan. 812* Jan. 8124 Sale 9624 Sale 862* 88 1032* Sale 1 Apr. 992* Nov. 15 1012* Apr. 14 1062* Jan. 40 Oct. 28 522* Jan. 472* Mar. 30 68 Oct. 17 432* Mar. 30 7 572* Mar. 422* Mar. 30 60 Sept 12 Mar, 30 43 5 15 75 Nov. 15 68 Oct. 17 28 25 Nov. 16 Dec. 28 712* Oct. ?!8 tSH Oct. Nov. 12 942* Sale 101>* 522* Sale 52 H Sale 101% Sale 19 722* Jan. 12 792* Jan. 792* Jan. 1 1022* July 11 862* Apr. 912* Mar 30 1032* Nov. 1 Dec. 28 40 Mar, 31 79 20 40 Mar 59 2* 94 J* 75 Jan. 772* Sale 7524 Sale 1002* Jan. 1002* Sale 1002* Sale 129 2* 133 1302* 132 2* 102 103 2* 1012* Sale 1012* Jan. 4 792* Jan. 20 52 Mar. 30 3 101 Jan. 9 31 102 100 127 Sale 952* 128 1062* 108 1202* 125 102"« 772* 772* Sale 125 101% Sale Sale 101®»a 1012* 102u»aJan. 77 Sale 722* Jan. Sale 127 77 126 Sale 127 125 Jan. 12 31 792* Dec. 29 Jan. 5 1282* Jan. 20 942* 1252* 10214 1202* Feb. 79 Oct. 28 4 1012* Oct. 26 July 20 4 129 8 1062* Jan. 4 7 1252* Dec. 21 14 1102* Jan. 12 1032* Jan. 3 1102* Nov. 16 4 632s Jan. 7 3 88 Jan. 31 10 100 Jan. 31 11 5 Jan. Apr. Dec. Consol G E L AC P Bait— 22,000 906,000 1971 3H* series N Consol Gas Utilities— 1032* Sale 60 78 Sale 97 1012* 54 2* 812* Sale 100 Sale 962* 99 61 Sale 62 642* 96 Sale 952* Sale 79,000 970,000 25,000 39,000 139,000 ....1943 764,000 1958 5,548,000 Continental G Ac El 5s 197,000 Cuban Telephone 7H*--1941 1944 253,000 Cuban Tobacco 5e 1,718,000 Cudaby Packing Co 3J*1955 50 50,000 924,000 Delaware Elec Pow 5 H a..1959 1949 285,000 Denver Gas & Elec 5s 681,000 ♦Detroit Int Bdge 6HS-1952 49,000 251,000 150,000 32,000 1,000 471,000 51,000 437,000 15,000. 17,000 228,000 s f deb 7s ♦Ctfs of deposit ♦25-yr 291,000 235,000 4,860,000 4 ♦Ctfs of deposit.... 429,000 1952 Eastern Gas AC Fuel 4s A. 1956 967,000 Edison Elec Ilium 3H* 1965 5 12* 2* IS 672* Sale 1072* 1072* ..2036 68 Sale 233,000 Elmira Wat Lt Ac RR 5s.. 1956 El Paso Elec 5s A ..1950 191,000 1952 Ercole Marellt Elec Mfg 104 Sale Sale 4,568,000 Elec Pow & Lt 58.. 1,235,000 Empire Dist Elec 5s 101 84 87 55 65 1042* 1062* 1062* 1072* 82* 72* Sale 82* 72* Sale 24 2* 1 24 2* 1 104 612* 11024 742* 1082* 1042* 992* 105 100 502* Sale 1072* 108 Federal Water Sarv SHs.1954 672* Sale 842* Sale 54,000 725,000 11,000 19,000 270,000 Jan. 31 682* Jan. Jan. 13 97 1052* 1042* Jan. 1062* Jan. Sale 72* Jan. Sale 72* Jan. Sale 1 24 Jan. 1 Jan. 12* 4 109 1032* 104 1032* Sale 6 Ha 115,000 537,000 Erie Lighting 5s... 108 35 602* Jan. 812* Jan. 962* Jan. 61 11024 732* 100 1092* Jan. 95 642* Sale Sale Sale Sale 112 Sale 112 1953 1967 37,000 6,000 1002* Sale 1082* 42* 5 61 612* 62 2* 872* Sale Sale 62 6s A stamped 1095* 1102* 1102* Sale Sale 54 1072* 108 832* Sale Jan. '4 10524 Jan. 17 24 20 Jan. Jan. 82* Jan. 12* Jan. 27 1 Jan. 21 5 3 21 21 10 18 Jan. 24 73 Jan. 28 662* 1112* 79H 19 1092* 13 1042* Jan. Jan. Jan. Jan. Jan. 992* Jan. 30 101 Jan. 10 48 502* Jan. 10724 Jan. 3 10724 Jan. 104 Jan. 972* 1061* 224 22* 27 6 1082* 8 2* 3 110 6024 Jan. 532* Sept. 28 652* 86 632* Mar. 31 872* Apr. 18 1002* 47 Mar. 30 72 2* 902* Dec. 17 99 Jan. 20 1072* Jan. 6 822* Jan. 26 85 Jan. 12 25 5 6 6 8 Mar. 31 105 Dec. 15 110 72* Oct. 3 75* Sept. 21 Oct. 7 12* Oct. 6 12* 552* Doc. 13 812* Apr. 9 1112* 80 532* Mar. 31 972* Apr. 8 1092* 98 Mar. 31 105 832* Mar. 30 1002* 106 38 Sept. 28 102 H Apr. 58 57 Jan. Dec. 1 July 27 Sept. 2 Dec. May Dec. Dec. 85 1 7 6 6 May 4 Apr. 29 May 11 Dec. 21 Nov. 10 Nov. 23 Oct. 18 Oct. 23 Nov. 14 7 1082* Nov. Feb. 29 12 Nov. 14 9 Dec. 29 Finland Residential Mtge 6s stamped 1961 863,000 Firestone Cotton Mills 5s.l948 21,000 213*666 1,471,000 First Bohemian Glass 7s. 1957 "852* Sale 1022* 103 2* 10124 1022* 1022* Jan. lOl'u 102 2* 101% Jan. 1012* Sale 15 25 502* 912* Sale 8924 Jan. 892* Sale 972* Sale 9524 Jan. 952* Sale 83 842* 1032* Sale 952* Sale 1042* Sale 1022* 1042* 1052* 94 100 Florida Power Co 4s C...1966 1,071,000 4,835,000 Florida Power Ac Lt 5e 1954 4 1032* Jan. 27 1012* Jan. 94 Jan. 20 99 Jan. 20 98 Jan. 17 23 105 Jan. 31 98 Sept. 27 105 1012* July 21 1052* 95 52 Sept.16 76 902* Apr. 74 Mar. 31 952* Gary Electric 8c Gas— 100.000 129,000 126,000 4,000 65,000 845,000 ......1944 Gatlneau Power 5a......1956 5s registered.. 2,000 Gen Bronze 81,000 952* Sale 105 75 90 Sale 86 97 82 98 Sale 94 Gen Pub Utilities 6Hs A .1956 36.000 ♦Gen Rayon Ltd 6e A....1948 698,000 Gen Wet Wks Ac El 5s A..1943 73 86 77 742* 90 72 762* 762* 136,000 1,136.000 deb 6s. 1940 Gen Pub Serv Co 5s 5,629,000 Georgia Power ref 5s For footnotes see page 53. 95 Jan. 104 Jan. 4 1953 1967 78 Apr. 992* Sept. 102 872* 702* conv Sale 1956 73 "7~606 14,000 5s ext stamped 903,000 1,926,000 72 87 Sale 872* 972* Sale 89 Sale Jan. 3 4 24 972* Jan. 842* Jan. Jan. 19 75 Jah. 9 952* Jan. 27 992* Jan. 19 84 Jan. 94 Jan. 20 31 832* Sale 812* Jan. 72 88 75 87 77 Sale 972* Sale 90 Mar. 63 Apr. 752* Apr. Mar. 20 62 Jan. 19 892* Jan. 20 722* Sept. 652* Apr. 78 Mar. Feb. 21 Jan. 4 21 Nov. 12 Oct. 24 Jan. 982* Nov. 18 1042* Dec. 27 102 Mar. 25 90 98 Dec. 30 Dec. 12 852* Oct. 77 Apr. 882* Dec. 982* Nov. 31 26 19 19 Fib., 1939] NEW CURB YORK AQQREQATE SALES In January PRICES NEW TORE CURB EXCHANGE 12 Months 1938 Shares Shares BONDS (Continued) Bid 578,000 Georgia Pow a Lt fa....1978 25.000 ♦Cesfuerel 6s ......195? 182,000 1,524,000 Glen Alden Coal 4a.—... 1945 126,000 Gobel (Adolf) deb4H» ..1941 468,000 Grand Trunk Wear ry 4a 1950 84,000 Great North Pow 5a stpd 1950 102,000 Grocery Store Prod 6a...1945 207,000 Guantanamo a w Ry to.1958 388,000 *3,000 882,000 23,000 142,000 298,000 " 6~,000 18,000 122,000 303,000 508,000 55,000 34,000 79.000 18,000 9,000 21,000 02,000 30,000 40,000 2,727.000 325.000 109,000 435,000 836.000 969.000 3,000 222.000 237.000 10.000 455,000 3,000 15.000 40,000 65,000 15,000 183,000 476,000 126,000 93,000 42i~,666 5a aeries d ........1956 Jersey Cent p a l 5s b... 1947 4 Ha series g 1961 Kansas el Pow 3hs 1966 Kansas Gas a Elec 6a....2022 Kanaaa Power 5a a ....1947 Kentucky Utilities 5a 1969 5a 1961 6hs aerlea d 1948 5h« aerlea f 1955 513,000 3hs aerlea a..........1966 2,427,000 Lehigh Pow Secur 6a 2026 27,000 ♦Leonard Tlets Inc 7ha 1946 656,000 Lexington Utll 5a ....1952 755,000 Llbby McNeill a Llbby 5s 1942 406,000 Long Island Ltg 6a 1945 2,244,000 Louisiana Pow a Lt 5a...1957 „ Ex-warranta 1941 ^.ooamnrlon Reserve Pow 4h> 1952 97,000 McCord.Rad a Mfg 6a 1943 Memphis Comra'l Appeal 43,000 Debenture 4h« __1956 1,880,000 Memphis pal 5saer a..1948 340.000 Men gel Co 4ha .1947 495,000 Viet Edison 4a aeries e 1971 618,000 4a aerlea g 1965 231,000 Middle Sta Petrol 6 ha a. 1945 254,000 Midland Valley rr 5a 1943 1,302.000 Milwaukee g l 2,046,000 Minn Pow a Lt 53 405* Jan. 27 455* Jan. 20 Sale 995* Jan. 3 1005* Jan. 83 915* Sale 86 Sale 1115* 1065* 1075* 53 565* 88 86 58 48 54 455* Sa'e 65 49 53 455* 54 59 64 47 47 J* 52 075* 109 Sale Sale 43 H 255* 555* 1075* 108 58 5* Sale 40 Jan. Jan. 27 1035* Jan. 1095* Jan. 635* Jan. 3 635* Jan. 635* Jan. 695* 63 H Sale 665* 10521»2Jan. 28 Jan. 86 Jan. Jan. Jan. 1055* Jah. 27 895* Jan. 26 21 1005* Jan. 20 21 10| 3 20 6 2o 895* Jan. 8754 Jan. 31 1105* Jan. 4 107 28 Jan. 5 30 58 Jan. 20 20 835* Jan. 5 585* Jan. 31 525* Jan. Jan. 25 53 495* Jan. 1075* Jan. 24 455* Jan. 46 Jan. 505* Jan. 9 1085* Jan. 5 5 18 13 585* Sale 56 Jan. 2b 61 Jan. 20 Sale 385* Jan. 28 435* Jan. 20 3 865* Jan. 86 Sale 82 Jan. 79 Sale 77 Jan. 995* Sale 985* Jan. 1005* 98 100 98 1005* 1055* 1045* 495* 1065* Sale 1025* 103 58 62 Sale 1065* 109 105 105 Sale 46 Sale 30 3 525* Jan. 12 Jan. Jan. 3 Jan. 30 435* Jan. 9 40 1055* 1055* Sale 1055* Sale 1055* Sale 38 Jan. 30 41 6 385* 95 87 • Sale 77 97 90 4 Jan. Sale 75 H 75 18 Jan. 40 40 99 Jan. 80 40~" Sale 5 47 Sale Sale 98 9 Jan. 49 80 42 100 3 107 5 105 18 77 78 Sale 114J* Sale 105 5* Jan. 1045* Jan. 18 Jan. 5*Jan. Sale 72 43 365* 37 H 104 J* 105H 103 1035* Jan 3 80 2b 101 2b 101 105 1035* 105 104 106 1195* Sale 1195* 123 1025* 1035* 102 103 90 91 91 Sale 1025* Sale 935* Sale 1055* Jan. 1055* Jan. 1035* Jan. 1195* Jan. 1025* Jan. 90 935* Sale 90 935* Sale 1025* 1045* 102 975* 985* 935* Jan. 1015* 1025* 100 1095* Sale 107 20 30 225* 100 1005* 995* 104 105 1025* 91 945* 95 106 Sale 1055* Jan. 4 106 Jan. Jan. Jan. 5 30 1065* Jan. 14 10 1045* Jan. 3 1205* Jan. 13 103 4 96 18 6 Jan. 6 Jan. 18 965* Jan. 20 5 105 Jan. 3 1005* Jan. 19 Jan. Jan. 80 5 19 Mar. 30 505* Oct. 10Q5* 76 79 84 64 75 17 Dec. 12 345* May 19 30 Nov. 12 99 Dec. 6 103 5* Aug. 3 4 1045* Oct. 1095* Dec. 29 15 June 20 68 July 22 675* Aug. 10 Feb. 3 Mar. 31 915* Nov. 14 100 5* Nov. 22 2 1025* Dec. 1 Mar. 31 975* Nov. 21 1 Apr. 855* Apr. 4 1015* Jan. 27 Sale 96 5* Mar. 29 Mar. 30 68 79 21) 2b Sale 95 29 1055* Dec. 23 110 20 3 101 Jan. 26 1045* Jan. 2b 98 Jan. Jan. Sale 1005* 14 43 7 Jan. 77 97 5 Feb. II* 3 3 Jan. 825* 96 Jan. 59 765* Jan. 265* Dec. 27 18 20 Sept.27 11 83 5* Feb. 3 lo 96 Apr. 23 12 Feb. " 975* 7 103 Apr. May 11 41 Sale 65 _ 86 925* 110 1105* 1105* Sale 1105* 1065* 107 1065* 1065* 1065* 565* Sale 55 565* Sale 55 555* 54 545* 56 72 80 "74 78 77 60 Jan. 97 18 102 27 85 Sale 23 25 Jan. 59 Sale 86 865* Sale 855* Jan. 995* Sale 995* Sale 985* Jan. 1025* Sale 1035* Sale 1015* Jan. Sale 965* 97 Sale 955* Jan. 985* 100 99 Jan. 995* Sale 995* 1005* 995* 1015* 1005* Jan. 845* 83 28 24 30 62 1055* 1065* 10521« Sale 1j8 J an. „ 625* 60 Oct. 31 June 17 - 16 945* "61" Sale 11* 95 1025* 94 104 Sale Sale 29 Sale Sale 965* 107 100 Sale 28 ;ioo iol" 1035* Sale 90 92 Sale 1065* Sale "975* 265* 20 1025* 103 5* 1035* 105 1957 4 Ha 1981 Nelsner Bros Realty 6s 1948 Nevada Calif Elec 5a.....1956 148,000 2,258,000 New Amsterdam Gas fa..1948 New Eng g a Elec Assn 5sl947 ....2022 5a 1948 ........1950 1,471,000 New Engl Pow Aaan 5s...1948 1,821,000 DebSHs 1954 493,000 New Eng Pow Co 3ha a.1961 945* 104 75 Sale 5a stamped...........1942 ♦6s aerlea a. ......1949 4a 2aa« 142,000 Nippon Elec Pow 6Ha... 1953 773.000 Nor Amer lap shs a...1956 685,000 Nor Cont Utll 5h« a 1948 272,000 Nor Indiana gab 6s....1952 53. 106 108 955* Sale 895* 107 109 81 935* Sale 84 5* 1095* 675* 86 Sale 72 935* co * 92 83 Sale Jan. Jan. Jan. Jan. Mar. 29 100j* Dec. 8 6 1015* Nov. 22 Apr. 1 90 Nov. Apr. 2 Mar. 8 89 Nov. 3 1085* Dec. 14 1115* Jan. 1045* Apr. 14 1075* Jan. 455^ Mar. 30 63 5* May 43 Mar. 30 615* May 495* Jan. 10 84 Dec. 20 14 10 11 13 40 Sept. 26 465* Sept. 26 455* Sept. 28 655* Nov. 675* Nov. 64 855* Nov. 4 805* Oct. 17 9 9 Nov. 14 107 Jan. 18 1095* Nov. 1 35 Mar. 29 605* Nov. 10 185* Mar. 30 46 Nov. 14 65 Mar. 31 575* Mar. 31 90 91 105 98 Mar. 29 102 5* Oct. June 16 1015* Oct. 19 28 Mar. 31 108 Jan. 26 1055* Sept.:27 63 5* Sept.:28 85 Nov. 14 Feb. 23 36 Sept. 27 53 July 27 32 Feb. 50 July 8 106 2 106 Jan. 14 18 22 40 76 100 Apr. 985* Apr. 97 7 Mar. 112 Mar. 65 845* Apr. Mar. Jan. 25 Mar. 84 Apr. Apr. Oct. 9 1205* Dec. 13 Mar. 78 Nov. 103 5* Dec. 10 90 Dec. 31 91 Dec. 31 103 5* Dec. 9 Mar. 65 Aug. 13 103 5* Nov. 16 955* Apr. 93 84 5 103 Jan. 3 1095* Jan. 24 225* Jan. 27 101 Jan. Jan. Jan. Jan. 11 104 4 95 Jan. 26 1065* Jan. 285* Jan. 1035* Jan. 715* Sale 57 565* Sale 57 Sale 785* Sale 81 2 98 93 Sale Sale 70 104" Sale Sale Sale Sale Sale 25* 77 Sale 285* Jan. 1045* Jan. 101 76 100 Apr. 935* Nov. 21 3 1015* 4 107 1 30 4 1005* 2 105 Apr. 27 100 Mar. 31 107 925* Sale 36 38 118 545* 545* 545* 915* 935* 1075* 121 555* Sale Sale Sale 11 955* Jan. 975* Jan. 20 31 90 Jan. 18 1075* Jan. 16 11 109 Jan. 3 985* Jan. 12 60 Jan. 995* Sale 1005* Sale 985* Jan. Sale 103J4 Jan. 825* Jan. 85 Sale 92 99 Jan. Sale 25* 785* 100 96 36 57 6 3 62 Jan. 18 Jan. 28 Jan. 23 105 Jan. 4 865* Jan. 18 20 12 Jan. 20 1095* Jan. 5 21 4 Jan. 9 3 Jan. 30 Jan. 5 79 Jan. 9 Sale 98 Jan. 3 1025* Jan. 3 975* Jan. 23 Sale 925* Jan. Sale 35 Jan. Sale Sale 575* 935* Sale 955* Sale 1085* Sale 55 54 14 3 23 4 1125* 1055* Sale 85 79 107 99 1095* Jan. 975* Jan. 20 23 Jan. Jan. 27 20 Jan. Jan. Jan. Jan. Jan. Apr. Nov. 3 Dec. 30 Nov. 23 Dec. 28 Sept, 14 26 Nov. 29 Feb. 87 June 95 5* Aug. 23 Oct. 3 Jan. 25 9 93 885* Jan. 101 83 100 Apr. 615* Mar. 785* July 70 785* July -25 92 Nov. 26 Mar. 1075* Aug. 54 Apr. 86 Apr. 1105* Dec. 78 100 15* June 24 725* Dec, 82 585* Jan. 585* Jan. 945* Jan. 55* Feb. 2 95 21 20 Dec. 40 40 Mar. Mar. Feb. 1005* Jan. 5 5 865* Feb. 635* Mar. 93 45 105 88 June 26 79 Jan. 26 4 108 Jan. 17 3 1015* Jan. 18 27 113 Jan. 14 1055* Jan. 19 1105* Nov. 9 1035* Jan. 45 Aug. 70 Apr. Jan. 6 51 Jan. Jan. Jan. 9 99 Jan. 23 Jan. 515* Jan. 20 24 1085* Jan. 16 19 30 May Apr. Apr. Mar. 1055* Apr. Dec. 16 Dec. 30 Jan. 3 May 13 Dec. 28 Nov. 12 19 615* Oct. 29 595* July 19 60 July 19 915* Dec. 31 Apr. 395* Mar. 17 27 119 Mar. 70 74 Jan. 2 4 1155* Jan. 102 95 Jan. 22 Nov. 23 20 1035* Jan. 12 Nov. 14 July 625* Mar. 31 995* 1 585* Apr. 935* 35 Oct. 19 445* 111 Apr. 7 120 5* 1075* Dec. 28 1105* 805* Apr. 1 1005* 69 Apr. 1 855* 25 97 Nov. 18 Dec. 17 104 H Dec. 30 86 5* Nov. 19 875* Apr. 1085* Jan. 4 14 Apr. 1 1085* Dec. 10 1015* Mar. 31 1095* Oct. 17 755* Jan. 4 95 Apr. 1 50 Apr. 1 645* Aug. 17 3 9 28 5* June 9 5 104 July 25 1 83 Jan. 17 675* Feb. 19 100 70 100 Jan. 4 Apr. 7 . 19 20 20 1125* Jan. 105 1045* 40 58 575* 50 525* Sale 197 Sale 97 965* Sale 455* 475* 49 47 107 1075* 107 1085* 1075* 30 Jan. 1005* 102 Jan. 995* 1015* 100 925* Sale Sale 94 92 Jan. 1015* 1025* 103 104 1025* Jan. 77 21 20 Jan. 19 1185* Jan. 14 585* Jan. 1075* Jan. 1075* Sale 1005* Sale 1125* 365* Jan. 5 117 3 80 18 2 3 Sale 5 77 35* 3 Sale 93 10 78 Jan. 3 1015* Jan. Jan. 74 4 5 100 3 101 Jan. Sale 4 Sale 1185* 1195* 1185* Jan. 57 4 Jan. 93 995* 415* Sale 955* Jan. 885* Jan. 1065* Jan. 1075* Jan. 935* Jan. 92 545* Jan. 1075* 65 109 975* Sale 61 595* 104 97 55 91 Sale Sale 77 945* 965* 935* Sale 885* Sale 107 109 245* Apr. 675* 1155* 116 1165* 1175* 1155* Jan. 1075* Sale 1095* 1095* 1075* Jan. 965* 985* 955* Jan. 965* 96 78 Sale 795* Sale 775* Jan. Sale 1045* 42 885* Jan. 108 1095* 1085* 1095* 1085* Jan. 735* 745* 775* Sale 735* Jan. 100 Sale 100 Jan. 1015* Sale Sale 1165* 1185* 56 89 74 75 735* 44 5* Sale 1145* 118 1095* 112 90 995* 1045* 825* 95 Orleans Pub ban— 85,000 n y Cent Elec 5 Ha 1950 133,000 ♦n y Pa a o rr 4atpdl95S 2,685,000 n y p a l Corp 1st 4 h«—1967 2,588,000 n y State e a g 4hs....198i 70,000 n y a Westchester Ltg 5s '54 see page 93 88 5hs*44 Line t»Nat Pub Serv 5a c o d.1978 Nebraaka Power 6a 368.000 84 81 905* Sale 985* Sale 72 5* 705* ♦6 Ha ctfa of dep w W..1937 769,000 858,000 81 75 80 1978 Nassau a Suffolk Ltg 5a. 1945 Nat Pow a Lt 6a,,a" 2026 Deb 5s aerlea b.. 2030 New 83 995* Sale Steamship Conv deb 5s 60 78 64 187,000 859,000 2,621,000 509,000 174,000 740,000 256,000 1,540,000 655,000 955* ... 91 Light 5a 2,774,000 23 60 560,000 mlaa River Power 5a ..1951 739,000 Missouri Pub Serv 5a a.. 1960 382,000 Montana Dakota Utll For footnotes 93 102 99 88 526,000 21,000 11,000 162,000 58,000 22,000 12 101 Sale 1967 8,000 334,000 695,000 7,000 31,000 90,000 28,000 5,000 Jan. * 40 30 8 75 47 51 47 Sale 185* Jan. 97 945* Jan. 1025* 1015* Jan. 103 5* 1035* 1035* 1035* Jan. 103 1095* Sale Jan. 1085* 1095* 109 4 ha 2,000 68,000 182,000 25,000 1,000 395,000 529,000 30 965* 4 Ha ... Munson 440,000 370,000 29,000 10 19 102 60 992,000 lat a ref 5a 1955 793,000 Mississippi Pow 5s 1955 5,000 5a registered .......1955 1,303,000 Mlaa Power a 41,000 12,000 231.000 136,000 359,000 40 885* Jan. 16 1085* Jan. 43 1005* 7 8 Feb. July 14 53 66 Apr. 27 July 18 815* June 22 935* Mar. 8 107 Jan. ' 1085* Dec. 2 Jan. 51 40 Sale 10 ^^manafleld Mining a Smelt— 7« 41,000 162,000 223,000 47 16 Jan. 335* Feb. Lake Superior Dlat Power— _ 4,000 15,000 525* Jan. 72 68 495* June 285* Dec. 16 62 725* Jan. Interstate Public Service 658,000 JackaonvllleGas 5s atmpdl942 26,000 366,000 203,000 46,000 63.000 48,000 1952 1,358,000 Italian Superpower 6a...1963 23.000 150,000 6s 26 635* 635* 80 Interstate Power 6a.....1957 4 95 1025* 103 5* 5 Jan.' 27 ~17~~ "25" . 62 Jan. 100 1951 219,000 Iowa Pow a Lt 4Ha a 1958 882.000 Iowa Pub Sere 5a........1957 205,000 Isarco Hydro-El 7a 1952 38,000 laotta Fraachlnl 7a 1942 874.000 30 84 55 27 Jan. 58 Jan. 995* 265* 225* Sale Sale Highest Sale Prices 60 53 ... 55 Lowest Sale Prices 68 58 44 97 5* 100 106 5* 79 Highest 64 41 1958 1957 1938 Sale Prices Sale 48 845* Sale 845* Sale 88 93 H 72** Sale 1947 1953 992,000 4 ha aeries f .1958 889,000 towa-Nebraska lap fa.. 1957 253,000 5s Series b 1961 2.000 1,000 73,000 1956 5a....1951 129,000 23,000 32 Sale 685* 59 38 765* 225* 90 1955 YEAR Sale Prices Ask 59 Sale 53 96 ..... 751.0001 74 36 .1954 321,000 (nt Pow Sec 6 ha aerlea g. 1955 201,000 7a aerlea e 1957 199,000 7a aeries p 1952 335.000 International Salt 30,000 39,000 40.000 .1957 1950 FOR Lowest 88 89 87 Jan. 875* Sale 1085* 1095* 1085* 1095* 1085* Jan. 495*. 54 54 505* 505* Jan. Sale 1075* Sale .1953 a Mich el 5s... RANGE 21 56 65 696,000 1963 312,000 ♦Indianapolis Gas 5s a. 1952 213,000 280,000 197,000 90 68 62 .1957 Ask\Bid Sale 725* Sale Sale ref 5a Debenture 66 h 57 65 50 Jan. 31 .265* 62 Service 5a._..._ 1st lien a ref 5s 4,726,000 1,832,000 65 60 3 Bid 60 315* a-.1949 aer 5a aerlea c 168,000 Indiana 259,000 lat a 1,128,000 Indiana Ask 1949 6s 156,006 Indiana Hydro-RIec 5s a 11,000 368.000 1943 355,000 Indiana Klec Corp 6a a. 114,000 6h« aerlea b_. 704,000 25,000 Jan. 1966 185,000 llllnola Nor Utll 5a 1,013,000 (Ulnola Pow a l 5 1,248,000 5ha aeries "b" 2,604,000 6a aeries a........... 3,633,000 5a aerlea g 318,000 183,000 1935 9.000 ♦llungarlan-Ital Bk 7Ha.l963 266,000 Hygrade Food 66,000 6s aerlea b 10.000 21,000 60.000 131,000 ♦Hamburg Klec Go 7a 740,000 6a 485.000 Houaton Lt a Pr 3h« 19", 566 64,000 Printing 6s a stpd..1947 ♦Hamburg e a Und Ry5H«'38 Heller (w e) a Co 4a w w.1946 236,000 Houat Gulf Gas 6haxw. 1943 32,000 10,000 13,000 10,000 5,000 10.000 410,000 152,000 Guardian Investors Corp— 5a aerlea a............1948 Hall JANUARY Price 1938 15,000 IN 51 Jan. 3 88,000 34,000 11,000 4,000 10,000 11,000 EXCHANGE 93 5* Nov. 10 1085* Dec. 31 1005* Dec. 30 925* Dec. 31 9 1045* Nov. 84 Feb. 1 1085* Aug. 17 102 Nov. 25 114 Sept. 10 1055* Apr. 1 625* Mar. 11 9 7 Dec. 31 555* Nov. 15 1095* Aug. 16 CUES EXCHANGE YOEK NEW 52 NEW In January CURB 12 Months 1938 Shares 50,000 113.000 Price YORK Jan. 3 EXCHANGE Shares BONDS (Continued)— 1,030,000 tforlnd Pub S«y 1966 76,000 6,000 122,000 36,000 157,000 194,000 87.000 1970 1,607,000 4%a G 308,000 Northweat JElec 6b . atpd__1945 768,000 Nor'weat Pub SerY ft* 103 H 105H 85 % 89 105% 105% 104% 104% 97% 103 108 99 A..1957 282,000 PacificCoaat Power 5i.._1946 744,000 Pacific Gas & El 6a B 1941 Pacific Investing 5a A 1948 10,000 1,000 274,000 15,000 477.000 33,000 258,000 78,000 180,000 84,000 24.000 40,000 56,000 204,000 216,000 560,000 17,000 34,000 9,000 10,000 7,000 517.000 132,000 191,000 136,000 89,000 73,000 13,000 296,000 188,000 121,000 1,030,000 104 % 116 116% 113% Sale 37,000 43,000 38,000 28,000 51,000 26,000 186,000 185,000 263.000 25.000 194,000 15,000 542,000 46,000 106% 102% 108% 107% 87% 107 104% 108% 109 Sale 100% 91% 106% 105% 76% 110 107% 110 59 56 99% 100% 30 21 of N J— 6% perpetual certificates.Pub SerY of Okla 4a 1966 Puget Sound P Ac L 5%s_1949 5a aeriea C ..........1950 4Hi* aeriea D 1950 130 Sale 18% 66 101 107% Sale 103% Sale 103% Sale 59 73% 94% 104% 104% 106% 108% 62 76% Sale 2035 Sale 2,173,000 Sou Calif Ed 3%a_-May 1 1960 Sale 3% a aeriea B July 11960 740,000 Sale Debentures 3H* 1945 1.402,000 109 1st & ref mtge 4a.. 1960 576.000 Southern Counties Gaa of California 4H« 1968 105% 106% 654.000 56% 57 599,000 Southern Indiana Ry 48.1951 88% 92 453,000 S'western Assoc Tel 5s A. 1961 94% 95% 629,000 Southwestern L At P 5a. .1957 76% 79% Southwestern P Ac L 6a__2033 344,000 102 105% 269,000 S'western Pub SerY 6a A. 1945 ^Standard Gaa Ac Elec— 68 stamped... 1948 1.337,000 6a conv stamped......1948 902,000 51% Sale 6s 1951 2.761,000 Southeast P Ac L 6a 2,822,000 6s gold debs 1957 95,000 6a 1966 1,630,000 1939 404,000 Standard Invest 5%a $Stand Power Ac Lt 6a. 1957 4.161,000 1,717,000 ♦Stacrett Corp 5a.. ...... 1950 Stlnnes (Hugo) Indus— 33,000 25,000 161,000 1,637,000 ....1940 .....1946 7a 2d stamped.. 183.000 343,000 7s 2d stamped 5a 1956 Hydro-Electric Co— 6%a aeries A .......1953 497,000 Texas Elec Service 5s....1960 f enn Elec Power 3,512.000 4,544,000 5a.....1956 6s 2022 155,000 Tide Water Power 5s A...1979 582,000 2,379,000 t win City Rap Tr 5%s A.1952 Texas Power Ac Lt Sale 754,000 156,000 10,000 7,000 15,000 350,000 18.000 106,000 36,000 296,000 63,000 20,000 21,000 53,000 124,000 64,000 103",660 ..1950 6s 4th stamped United Elec of N J 4a 1949 Without 1941 1,449,000 5Hs 1,446.000 United Lt Ac Rys 5 Ha 1959 1952 1952 6s aeries A 783,000 Deb 6s series A 1973 232,000 232,000 Utah Power Ac Light 4Hal944 6s series A_. 2022 382.000 .... 232.000 1,000 622.000 68 321,000 3,000 79,000 61,000 25,000 39,000 623,000 38,000 4,000 1,153,000 132,000 1,308,000 Wash Ry At Klee Wash Water Power 614,000 333,000 4,137,000 714,000 60,000 35 21 28% Aug. 31 17% 16% Jan. 14 16% Jan. Jan. Sale H08% Jan. 24 109 14 25 Jan. 3 Jan. 31% Jan. 30% Jan. 21 4 102% Jan. 101% Jan. Jan. 60 Jan. 30 65 18 104 109% Sale Sale Sale 104 Sale Ill 105% 104% 45 44% 44 103% 103 103 *w/ 103% Sale 103% 53. 20 19 61 39 48 50 90 91% 83 88 105% Sale 60 28% Jan. Jan. Jan. Jan. Jan. 4 80 23 86 98% 3 110% 4 5 110 3 104% 10 112% Jan. Jan. Jan. Jan. Jan. Jan. Jan. 13 105% Jan. 5 46% Jan. 25 103% Jan. 26 57% Jan. 27 57% Jan. 27 60 Jan. 24 58 57% Jan. 26 Jan. Jan. 27 87 3 Sale 9 6 9 17 13 64% Jan. 90 Jan. 20 19 9 Nov. 9 Nov. 7 21 107 Mar. 46% Sept. 47 Sept. 37% Mar. 53% Oct. 36% Mar. 54 Apr. 14 26 30 23 2 3 63% Nov. 10 63% Nov. 12 Mar. 31 18% Mar..30 36 Jan. 16 40 50 Jan. 14 36 94% Jan. 20 65% Feb. 15 06A Jan. 53% Jan. 30 97% Jan. 26 99% Jan. 3 104% Jan. Jan. 4 103% Jan. 99% Jan. 86% Jan. 25 89% Jan. 50% Jan. 26 54% Jan. 14 Sept. 27 Sept. 28 64 Nov. 10 63 31 5 61 45% Jan. 24 52% Jan. 4 117% Jan. 116% Jan. Dec. 2 103% Apr. 21 106% Mar. 56% Jan. 13 35% Apr. 23 85 Feb. 9 103% Dec. 28 93 Apr. 8 104% Nov. 9 89 Nov. 2 55% Mar. 31 93 Mar. 31 105% Jan. 14 23 5 Dec. 111% Dec. 23 44 46% Sale 17 63% Jan. 21 63% Jan. 21 64% Jan. 20 60 Jan. 24 103 116% 31 2 3 Nov. 12 Dec. 22 86% 97% 109% 109% Jan. Sale Sale 52 Sale 116% 117 18 74 Mar. Sept. Sept. Apr. Apr. 38 Sale 103% Sale 104 101 102 100 Sale 86 87 87% Sale 50% 51% 52% Sale 99 24 2 106 27 88% Jan. 30 46 19 9 Sept. Jan. Sale Sale 20 Nov. 12 Nov. Sept. Mar. 58 91 % Sale 99 53% 70 71% 102% 102% 101% 106% 5 27 5 7 107% Aug. 106% Nov. 106% Nov. 38% Apr. 106% Apr. 100 Sept. 100 Sept. 19 14 Nov. 10 31% July 29 Aug. 10 27% Jan. 30 38 99 30 103 71 63% Jan. 35 Jan. 57 Sale 40 49% 19 Jan. 27 104% Jan. 28 105% Jan. 18 4 1 Mar. 24 24% July 21% Jan. 96% Apr. 9 3 105% 24 93% Jan. Dec. 28 9% Apr. 1 18% Oct. 105% Dec. 1 110% Mar. 128% Feb. 23 131% July 5 Jan. Jan. Jan. 23 104 5 87% Jan. 83 Jan. 6,105% Jan. 104% Jan. Nov. 18 63% Nov. 10 86 Dec. 30 63% Nov. 28 6 37% Oct. 60% Nov. 55% Nov. 95 Oct. 9 4 17 17 35% Sept. 27 61% Nov. 14 82% Mar. 30 100% Jan. 11 7 94 Mar. 25 104% May 90% Mar. 22 101% Aug. 25 75% Apr. 5 89% Nov. 28 65% July 2 44 Mar. 29 11 28 56 Oct. 24 30 Mar, 30 112% Apr. 12 116% Dec. 29 20 20 19 21 Jan. 52 Jan. Nov. 12 47 30 63 57 50 Sept. 51 47 42 60 Nov. 20 3 75 27 80 Jan. 30 27% 23 Sale 75 Sale 73 Jan. Jan. Jan. Jan. 27 Sale 26% 26% 77% 70% Jan. Nov. 15 20 3 28 26% 26% 77% Sale Feb. 35 28 24 24% 25 Sale 105% Jan. 78% Jan. 3 Sale 112 25 73% SI* 76 105 66 81 73% Sale Sale Sale Sale 69% 82% 78 104% 104% 106% 83 78% Sale 112 112% 114 70% 72 73% 94 92% 91% 85 83% 82 Sale Sale 90% 92 93 Sale 82 Sale 84 84 Sale 87 Sale 5s__.1960 13 15 106% Sale 105% 106 21 Sale 107% 110 Sale .05% Sale Sale 104% Sale Sale 59% Sale 104% 105 "1% 112 -~1% Sale 104% Sale 106% Sale 25% Sale 107% 110 106% 108 55 112 86% 4 95 Jan. 3 Jan. 88% Jan. 19 20 Jan. 3 90% Jan. 20 94 ^1 53 104 Sale 113 101% 104% 4 12 19% Jan. 16 25% Jan. 107% Jan. 30 108% Jan 4 107 Jan. 21 105% Jan. Sale 105 74% 28 87 88% Sale 1954 24 113% 82 94 Sale Sale 76% 5 106% 91% Jan. Sale 78 Jan. 3 14 11 Jan. 7 Jan. 20 Jan, 20 Jan. 31 Jan. 20 Jan. 17 Jan. 21 Janl 14 Jan. 21 70% Jan. 92% Jan. 83 Jan. 72% Sale Sale Sale Jan. 26 61 Jan. 28 105 Jan. 5 Jan. 7 Jan. 10 110% Jan. Jan. 11 101 Jan. 3 105% Jan. 25 104% Jan. 3 106 Jan. 20 106% Jan, 26 112 13 102 106 I For footnotes see page Jan. 103% Jan. 104% Jan. 76% Jan. 83 Jan. Sale 62 36% 113% 3 24 20 60 Union—< 37 1944 West Penn Elec 5a....___2030 100 West Penn Traction 5a..1960 103% 84% West Texas Utll 5a A 1957 West United G At E 5Hi A 55 104% Wheeling Elec Co 5s.. 1941 107% 6a 3 14 22 42 84% 62% Sale Jan. 3 148% Dec. 22 8 98% Mar. 31 107% Dec. 17 60% Mar. 30 82% Oct. Oct. 14 59 Apr. 1 78 77% Oct. 17 53 Jan. 25 130 20 64 Sale 80 3 25% Feb. 59 97 25 11 104 104% Sale 110% Til % 111% Sale July 22 105% Apr. 1 108% Sept. 8 107 Apr. 4 109% Dec. 22 Jan. 18 23 Sept. 27 65 98% June 28 104% Nov. 3 22% May 11 20% Jan. 31 30 Jan. Feb. 26 Feb. 2 Jan. 11 Apr. 21 Jan. 108% 109% 109% 108% Western Newspaper Conv deb 3 151 11 35 87 1951 4s 31 11 27 61 8 108 17 100 28 22 69% 27 1 Mar. Feb. 77% Jan. Sale Corp¬ us income deb...... 1,310,000 12 Jan. 31 109% Jan. 4 41% Jan. 23 102% Jan. 10 108 4 1946 1950 registered 5a series B Waldorf Astoria 72% Jan. Jan. 1946 1,166,000 Virginia Pub Ser 5Ha A..1946 6a 3 51 m* 79 50 warrants.. 1945 67,000 538.000 United Lt Ac Pow 6Ha....1974 Deb 6a 1975 512.000 98% Jan. 19 Jan. 9 31 40 Sept. 104% June 86 Aug. 18% Sept. 48 Jan. 4 30 94% Jan. 108% Jan. 108% Jan. United Elec Service 7a... 1956 58,000 ♦United Indus 6 Ha. ♦1st 6a Jan. 6 106% Jan. 30 32 88 Ulen Ac Company— 40,000 18,000 11 63% Jan. 69 69% 48% Sale 22% Sale Sale 110% Dec. 65 May 9 78% Jan. 4 77% Sale 60 Sale 93 94 17 31 31 % 31 29% 30% 101% 101% 102% Sale 62 67 60% 64 106% 107% 104% Sale 104% Sale 104% Sale 104% Sale Sale 104 104% 105 83 78 73 76% 86 Sale 84 84% 95 10 20 19 112% Jan. 78% Mar. 82% Mar. 131 131 Jan. 96% Jan. 24 5 59 Sale Mar. 81% Jan. 77 Jan. 75 Jan. Sale Sale Sale 93 27 1 June 28 96 108% Dec. 17 105% Dec. 17 108% May 13 4 94% Aug. 96% Oct. 17 Jan. 108% Jan. 39% Jan. 100% Jan. Sale 58 Mar. Mar. 28 59% 59% 98 103 99 18 Ternl 41,000 380,000 420,000 57,000 85,000 179,000 101 20 21 59 79% Apr. 23 9 13 107% Jan. 59% Sale 60% Sale 59% 60% 59% 60% 60 61 87 Sale 60% Sale 33 Sale 78 Apr. 82 75 74% Mar. 24 19 1 5 26 109 107 105 Sale Mar. 76 Mar. 28 8 27 104% Dec. 26 104% Sale 44 ** '45% 103% Sale 103% 103% 81% 83 104% 105 51% 78 82% 34% 94% 100% 97% Sept. May Oct. Jan. Dec. Dec. Nov. Nov. 115 Apr. Mar. 3 Feb. 106% Apr. Jan. 16% 16% 17% 108% 109% 108% 94 Apt. 12 Jan. 44% Sale 106% 106 95% 97 98 17% 17% Sale 64 71 Sale 79 113 55 5 Jan. 4 Jan. Jan. 20 Jan. 21 Jan. 11 9 Jan. Jan. 11 26 Jan. Jan. 20 24 Aug. 15 16 108% Jan. Jan. 35 31 Mar. 11 103>< 113% Dec. 13 11651 Jan. 30 105 3 94% Jan. 46 Sale 100 28 3 102% Jan. 3 98% Jan. 4 108 Jan. 4 105% Jan. 106 23% Sale 26 ' , 28 104 3 147% Jan. 146% 148 Sale 107% 106% Jan. 106% 107% 107 75% Jan. 80 Sale 75% Sale 72 Jan. 76% Sale 72% Sale 70% Jan. 74% Sale 71 Sale 22% Sale 100 3 148 10% 12 108% 109% 128% 104,000 198,000 712,000 553,000 54.000 924,000 4%a aeries B 196S 320,000 4Ha series D ..1970 392,000 1947 241,000 Sheridan Wyo Coal 6s 1957 320.000 Sou Carolina Power 5a 7 26 .91% Jan. 93% Jan. 111% Jan. 77 Jan. 108 Sale 108% Sale 111 43 39% 41% 40 102% Sale 101% 103 18 23 18 22 85% 26 3 Jan. 103% Jan. 109 26% Sale 21% 26% 1953 A...1958 51 106 Sale 92% 113% 81% 34% 94% 101% 99% 4 108 107% 108 60% Sale 84 13 101% 102% 100% Jan. Sale 91% Jan. 107% 107% 108% 106% Jan. Sale 105% 106% 105% Jan. 64 100% Sale 66% Sale 62 67 E 5%s_1952 Jan. Sale 50 Nov. 30 Dec. 28 Oct. 15 Oct. 28 20 9 103 Sale 105 98 18 103% Jan. 19 108% 96 Jan. 26 106 83 Apr. 2 106 69 Apr. 12 96% Jan. 10 113% Jan. 108% Sale 104% 104% 103% 104 Sale 93 Sale 91% Sale 94% Sale 95 Sale 112% Sale 112 78 77% 77 76 96% 100 20% 25 50 60 107 Sale Jan. 101% Jan. 113% Jan. 108 60 106 57 105 113% Feb. 23 106% Nov. 18 93% Apr. 13 106% Nov. 28 86% Apr. 5 104% Dec. 30 102 Feb. 8 105% Sept. 28 7 80% Apr. 14 99% Dec. Jan. Jan. Jan. Highest Sale Prices 93 Jan. Jan. Jan. Jan. 31 21 92 111"" Sale" 73% 103 Lowest Prices 9 108% Jan. 24 106% Jan. 26 104% Jan. Jan. 3 95 Jan. 92% 94 92% 94 113% Jan. 113% 114% 113% 115% 76 Jan. 79% Sale 76 Sale Jan, 32 34 Sale 30 32 Jan. 91 92 Sale 92 % Sale Jan. 98 99 100 98 Sale Jan. 97 99% Sale 97 Sale 99 92% 94 89 1937 ♦Schulte Real Estate 6a.. 1951 Scrlppa (E W) Co 5H>—.1943 Scullin Steel Co 3a 1951 Senrel Inc 5a 1948 Shawlnlgan W Ac P 4% a.-1967 162",600 95 Sale 90 86 6s 3,000 7,000 60,000 31,000 58,000 35,000 22,000 88.000 407,000 158,000 87,000 63,000 49,000 83% Sale 525,000 ^♦St Loula Gaa Ac Coke 6a.'47 691,000 Safe Harbor Water Pr 4He *79 11,000 San Joaquin L & P 6a B..1953 ♦Saxon Public Works— 6,000 52,000 89% 86% 112% 115 61% 64 28 28% 5a aer E.1956 91,000 ♦Ruhr Gaa Co 6 Ha 53,000 ♦Ruhr Housing 634a 10,000 102 102 103 4Ha aeriea F 1961 Potrero Sugar 7a atampedl947 Power Corp of Can 4%sB 1959 ♦Prussian Elec 6a 1954 367,000 Queena Boro G Ac 62,000 73 Hydro-Electric Co Pub Service Co 730,000 2,489,000 780,000 1,523,000 Sale 98% 100% Sale 108% 108% Sale 108 105 105% Sale 105% Sale 100% 102% 100% 102% Sale 91% 94 Sale 91% Sale 101 634■ aeriea A .......1960 Pittsburgh Coal 6a 1949 Pittsburgh Steel 6a ....1948 ♦Pomerania Elec Co 6a... 1953 Portland Gaa Ac Coke 5a. 1940 Potomac Ediaon 105 H 70 2,162,000 Penn Cent Lt 8c Pow 4H» 1977 223,000 5a 1979 1,041,000 Penn Electric 4a aeriea F.1971 Penn-Ohlo Ediaon 6a 1950 500,000 Without warranta... 749,000 5Ha aeriea B 1959 286,000 Penn Pub SerY 6a G 1947 166,000 5a aeriea D ......—1954 314,000 Penn Water & Pow 41968 719,000 5a 1940 1,094,000 Peoples Gaa Lt Ac Coke 4a B'81 831,000 4a aeriea D 1961 1,338,000 PhllaElec Power 5H* 1972 141,000 Phila Rapid Tranalt 6a..l962 Piedmont 92 H 89 Without warranta 61,000 Pacific Ltg & Pow 5a 1942 2,405,000 Pacific Power 8c Lltfbt 5a.1955 212,000 Park Lexington Bldg 3a..1964 640,000 126,000 518,000 89,000 614,000 Sale 97% Sale 177,000 70.000 14,000 19,000 6,000 152,000 Sale 97 88 441,000 Qgden G»s Co 5#—.....1945 2,622,000 Okla Nat Ga« 4%s A 1951 1,367,000 ConY deb 5a ...—...1946 592,000 Okla Pow & Water 5a A..1948 39.000 76,000 Ask Bid 1969 5s series D Ask Sale Prices I Sale 105% Jan. 13 107 105% Sale 106 4 106% Sale 105% Sale 105% Jan. 103% Jan. 16 104% Sale 104% Sale 5 105% 106% 105% 105% 104% Jan. 98 Jan. 6,101 Ask Bid Bid Sale Prices Highest Lowest Jan. 31 3 Jan. 1938 1,161,000 YEAR 1938 RANGE FOR JANUARY PRICES IN AGGREGATE SALES 57% Apr. 56 Mar. 82% July 80% July 94% Feb. 64% Feb. 96 Feb. 107 53% Jan. 80 64 Feb. Feb. 75 Apr. 75 65 1 Apr. 12 72% May 12 75 Apr. 1 Nov. 15 83% Oct. 113 5 22 21 Dec. 17 19 19 94% Nov. 21 87% Nov. 28 July Nov. 18 86% July 25 72% May 12 89% Nov. 23 95 26 12% Mar. 31 106% June 28 109 106 99% Apr. 2 July July Jan. 18 26 13 66% Oct. 21 32 Si June 13 1 97 Feb. 16 105% Dec. Dec. 19 96 Mar. 29 111 74% Mar. 31 101% Dec. 30 Apr. 4 105% July 23 May 13 June 8 108 103 106 PRICES AGGREGATE SALES YORK CURB EXCHANGE NEW In January 12 Months 1938 Shares Shares YEAR 1938 Jan. 3 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Feb. 96 Nov. 17 3 Nov. 14 105% Jan. 102% Jan. 104% Jan. 26 Jan. Jan. Jan. 17 89 93% Jan. 19 72 28% Jan. 26% Jan. 7 11 17% Jan. 24 Jan. 24 Aug. 26 26 24 Nov. 28 24 8 2 27 25% Dec. 20 24 102% 104% Sale 90% 93 87% 90 91 93 87% 90 102 75 3 108 5 101 4 105% Jan. 86% Apr. 18 24 106% Jan. 3 102% Jan. 100 % Sale 73 Lowest Sale Prices Ask 106% 107 % 106 106% 105% Jan. Sale 102% Sale 100% Jan. 105% Sale 93 91% 105 Ask Bid Bid Ask Jan. 31 3 Jan. 1938 Bid BONDS (Concluded)— 1,387,000 Yadkin River Power 5s.. 1941 1937 496,000 t* York Ryu Co 5s 5s stamped 1947 297,000 148,000 77,000 99,000 FOR RANGE JANUARY IN Price 512,000 Wis Minn Lt & Pow 5a...1944 1,692,000 Wisconsin P & L 4s A....1966 36,000 379,000 53 NEW YORK CURB EXCHANGE FEB., 1939]' 90 94 94% Nov. 58% Apr. 14 May 27 94 Oct. FOREIGN GOVERNMENT AND MUNICIPAL Atfrtcul Mttfe Bk Rep of Col— 20 25% 23 26% 24% 24% 8% 8% 8% T666 2,000 7 7 17 1945 11% —1946 11% 26 Jan. 7 32 32 32 26 Jan. 11 24 7 15 15 15 30 12 12 Jan 15 1946 ♦10-year 7s Jan 15 1947 ♦78 ctfs of deposit- ..1947 6s certifs of deposit—1947 Antioquia (Dept) Colombia— ♦7s A ctfs of dep ...1945 ♦7s B ctfs of deposit 1945 ♦ 7s D ctfs of dep. ......1945 ♦ 7s 1st ser ctfs of dep._1957 ♦78 2d ser ctfs of dep__1957 ♦7s 3d series ctf of dep. 1957 10,000 6,000 1,000 4,000 2,000 11,000 67.000 32 26 17 15 15 15 *107«>r 7« 132,000 1,000 10,000 25% 26 30 30 30 131,000 6,000 2,000 Sale 21 24% Jan. 16 24% Jan. 16 24 8% Jan. 26 8% Jan. 26 7 21 Oct 17 7% Dec. 7 17 6 16 7 6 Oct. Oct. 7 Aug. 24 July 5 Sept. 13 16 6 18 26 6 16 6 15 20 18 8 17 10% Dec. 20 8 14% 1 Oct. 24 Aug. 20 Nov. 28 7% Oct, 24 8% Aug. 1 7% Oct. 18 7 Aug. 24 7 Aug. 24 7% Dec. 17 21% Feb. 5 12 7 20 7 1951 ♦Baden (Germany) 7s 24 Bogota, City of (Colombia)— 8s ctfs of deposit.... 1,000 1 10% Dec. 1 Caldas (Columbia)— ♦7%s ctfs of dep 1,000 9% Oct. 21 ♦Gauca Valley <L>ept of) Rep of 22,000 7,000 363,000 8,000 2,000 1,000 104,000 91,000 Colombia extl ♦7s ctf8 of f 7a__ s 25% —1952 A 27% Colombia (Republic of)— ♦6s ctfs of dep (A & 0)_1961 2,000 401,000 189,000 Danish Cons Munic 193,000 376,000 345,000 149,000 102,000 208,000 89,000 246,000 22,000 10", 600 1,000 21,000 7,000 26,000 1,000 166% 1953 28 14% Jan. 12 Jan. 22 Jan. 31 31 22 Jan, 22 Jan. Jan. 40 22 Sale 40 22 Sale 15 27 52 25 25 Sale 99% external f 6 Ha s 88 28% Jan. 16% Jan. 16 18 15 17 22 17 Sale 17 26 15 18 11% 7% 12% 12 10 12 21 20% 21% 13 22 8 7%' 12% 10 Sale 20 11% 6% 11% 7% Sale 10 Jan. 25 ♦78 ctfs of dep 10,000 53,000 27.000 20,000 90,000 Santa Fe (City) n "15"" "22"" 30 30 30 30 25% 28 24 32 24 Sale 97 14% 92% 16 95 10% 7% 16 96 8 9% H 7% Jan. 28 7% Sept. 23 11 % 9 7 6% 1061 45 12% 11 18 Sept. 28 10 4 18 Dec. 20 24 6 20 4 25% Jan. 4 4 3 25 28 96 8% Jan. 5% Jan. % Jan. % Jan. 20 r Sold for cash. Ex-dividend. "m" ♦ Bonds being traded 14 Jan. a flat, t Reported in receivership. "x-w" are It is guides. as trade commentators in Germany or abroad to obtain a, clear indication of trends, yet it is clear that these trends are all unfavorable. The so-called free impossible quite 33.90 to more forms at for 40.33, which ranged in January from 40.20, is practically non-existent, while the 20 or mark, gold or par internal of These discounts. severe indication Jan. 30 mounted from to marks internal are rule to really an as inflation. the sixth anniversary of Herr power. The German public debt has celebrated was marks continue 24,300,000,000 marks when Herr Hitler came into power to about 60,000,000,000 marks, and it is believed fact much higher than the official figures dis¬ in be to It close. revealed in January that the Reich was had an of 432,000,000 marks in 1938, in com¬ adverse trade balance Cash fore since time break this ders had been quoted on Jan. 31 at 40.10% @40.16. the countries neutral cies in moved they which close and partly due land guilder was due ment the to withdrawal Switzerland and Holland. from pound, which to of French funds The weakness in the Hol¬ sold on Jan. on at The banking total gold stock which fully On Jan. New weeks position sound. of York 1,461,200,GOO flight the Netherlands showed guilders dropped the rate January of foreign month the pressure, severe easiness concerning the of Switzerland and Holland of The in January, 53.61 %c., to was well %ork. the guilder spot rate whereas only a few above 54c. Renewed un¬ political situation in Europe toward was believed capital from movement a of to be the Holland. seemed not of the Prior to the end to cause include Dutch a discount for September. in Be¬ sold Jan. 3 on at 54.37% @54.40, Jan. 31. on the South American countries recorded no on significant developments in January. The Argentine paper ruled in close relationship to the dollar-sterling rate, while the other South American currencies were held steady peso by exchange Buenos Aires on 31.22 during January. The unofficial or free market range 23.40. 22.60 and between was these The official rate on Rio de 5.86 and 5.90. continued to undertone units continued weak owing to the pervading dis¬ Exchange of The official quotation ranged between 30.85 and exchange controls. various the for Eastern the' Far on close in relation the to countries pound. The ruption of international trade and the Japanese aggression China. in For the some rupee time there has from the pound, been to agitation in India to cut which it is attached at the Toward the end of January positive assurance that the rupee legal rate of Is. 6d. per rupee. the Viceroy of India gave would be strictly maintained Jan. 27 On ties one-fourth is held under earmark in New 28, under earlier end of both The Bank account is taken in no 53.81@53.06. 3, and 24.09% @24.12 Exchange principally to the movement of invest¬ capital from Amsterdam to New York. continued of the September were detached from the tie to sterling continued thereafter to show firmness, declined in and the with pre¬ curren¬ in January, in sympathy war is below: Swiss cable transfers Jan. 3 at 22.59%@22.61, and on Jan. 31 at 22.58 Cable transfers on Sweden were 23.82% @23.83 31 Jan. on 22.60. The Swiss franc and the Holland guilder, allied. are during the The Scandinavian i® below: either flat or at a slight premium. Guilder cable transfers fluctuate Exchange 17 Jan. throughout the past year future guil¬ and Jan. 3 at 40.09% sented mixed trends in January. 8 Mar. 16% July 13 16% June 23 fell to Munich crisis the parison with a favorable trade balance of 443,000,000 marks in 1937. The so-called free or gold mark was quoted on on sales, in which Guilders for future delivery first Janeiro ranged between @40.13, and 7 Mar. 14 No sales the of the existing of the extent Hitler's accession blocked or 25 20 Jan. computing range, are given below: funds. meaningless Feb. Jan. Under the rule sales, in which no account r (Concluded from page 17) the Reichsbank of ments June 23 certificates, warrants. without 65 16 Deferred delivery sales, in which no account n "w w" with warrants, Used Above: "cod" certificates of deposit. M^r. taken in computing range, are given American Book Co., Jan. 5 at 62 "vtc" voting trust "w i" when issued. Abbreviations 1* taken in computing range, are given No sales mortgage, Dec. 17% 102% 10% 10% 11% Jan. 11% Jan 25 23 6 Nov. 30 25 5% Dec. ■% Dec. % Dec. 14% Jan. 14% Jan. 13% Jan. 8 25% Dec. 24% Sept. 25% Mar. 45 14% 14% "n-v" non-voting. sale, 17 Oct. 7 56 "cons" consolidated. x Deferred delivery 12 Feb. Jan. Jan. J an. Jan. 9% 7% % % 4 Feb. 16% Jan. 23% Oct. 12% Apr. 96 Apr. Jan. Jan. 16 Jan. "conv" convertible, "cum" cumulative, a 14 21 "25%"Jan""2l 15% Jan. 92 Used Above: Abbreviations No par value. Sold under the rule. 7 Dec. 6 24 25% Jan. "21 27 9% Apr. 64 13% 13% 13% Sale 13% 14% 80% June 29 12 9 46 58 65 57 1945 1949 7 Jan. 18% Jan. 11% Jan. 7 Jan. 12% Jan. 9 Jan. 20 5 Nov. 10 4 3 1 14 Oct. 24 18% Feb 25 10% Aug. 13 10 Aug. 0 20 10 Sale Sale 9 5% 11 23% Oct. 25% Oct. 22% Mar. 31 26 25% 24 28 Jan. Jan. Jan. Jan. Jan. 32 25% 99% 98% 9% 8% 23 Dec. Jan. 79 "i4% "18% 59% Mar. Dec. 18% 11% 6% 11% 16 77 Argentina— ♦7s stamped 92,000 238,000 •Santiago (Chile) 7s •7s 103,000 4,000 4,000 ♦ (May)...1947 ♦7s Issue of Oct 1927...1947 ♦7s ctfs of dep(Oct.) 1947 374,000 ♦Mtge Bank of Chile 6s. .1931 331,000 Mtge Bank of Denmark Ssl972 234,000 ♦Parana (Stateof). Bras 7a 68 343,000 ♦Rio de Janeiro 6V$a.._.1969 432,000 ♦Russian Govt 6%a 1919 412,000 ♦S%a. 19 J * "9.066 23 15 June 20 18 25 4 28% Jan. 18% Jan. 28 25% Jan. 8 79 24% 25% 24% 65% Sale 1951 July 9 Aug. 23 Aug. 11 Jan. 13 July 9 14% Aug. 23 18% Sept. 27 102 Sept. 27 100% 17 77 1954 ♦7H»-4« stamped 4,000 7 8 39 Jan. 25 100 27 96% Jan. 18 •Hanover 6%s ctfs of deposit 95% 35 20 ♦Hanover (City) Ger 7a„1939 (Prov) 6%§ 1949 ♦Lima (City), Peru, 6J4S.1958 ♦Maranhao (State) 7s 1958 ♦Medellin (Colombia) 7a_ 1951 92% Jan. 27 17 17 89,000 15,000 Jan. Mar. 14% 18% 96% 96% 27 95 90% 68 24 20% 20% Sale 1947 ♦6s Mtge Bank of Bogota— ♦7s issue of May 1927...1947 91,000 8,000 27 28 24 Mendoxa (Prov) Argentina T.ooo 16 28 6% Apr. 18 15 91 flt Wat'way Bd ♦German Cons Munic 78.1947 473,000 Dec. Oct. 22% Feb. 11 Sept. 23 31 31 12 10 3 22 6 8% Sept. 15 9 16 8 19% 19% 99% 97% 101% 102% 100 1953 5s Dansig P 7,000 14,000 J)..1961 5%a_1955 ♦6s ctfs of dep (J & 5,000 44,000 23,000 Jan. 11% Jan. 10 Sale 23 23 35 25 1951 Banks 6s B i'rov 10 Sale 12 of German State A ♦Cent Bk ♦6s 13% 20 13 7% 6% 1 *4* . ...1948 dep... 21 9% Oct. at this ratio to sterling. it became known that the Japanese authori¬ of the note issue. The Finance Minister hinted that the fiduciary issue would be raised from the present figure of 1,700,000,000 yen to 2,200,000,000 yen, which with the current 500,000,000 yen gold planned would reserve at further a place the potential limit of note circulation 2,700,000,000 The 20d. 29 London 3/16 on Shanghai 16% and on at yen. price for silver was 21%d. Jan. on dilution 31. Jan. dollar Jan. 31. The Hongkong 3 and 28.94@ Jan. 31. The on dollar Jan. was 29.10@29 5/16 on 16.24@16% on Jan. 3, and 16.18@ Yen checks sold at 26.95@27.00 on Jan. 3, 3, and was 27.25@27.30 on Jan. 31. RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Bond Sales 1939 1938 819,POO 695,000 1938 1937 10,947,000 14,239,000 Stock Sales Shares_ January.Jan. 1 to Dec. 31. - CHICAGO STOCK EXCHANGE Jan* 3 1938 12 Months 1938 In January 53",000 5,000 Cat 8c So Chic 5« ctf« 20 295 100 950 1 100 2,000 150 350 300 1,364 ""285 4,559 11,450 1927 43 Chicago Rys 5s ctfs 1927 Com'wealth Ed 3*4« 1958 Stamped.................. 3*4s series I ........1968 Met W Side El 1st 4s 29,831 Abbott Laboratories 165 1,100 500 600 3 600 1,040 2,875 41,200 1938 Par. com * .100 25 4*4 % cum conv pref I,206 Acme Steel Co common 3,430 Adams (J D) Mfg com * 39,010 Adams Oil 8c Gas Co com...* 21,550 Advanced Alum Castings...S 10,200 Aetna Ball Bearing common.l 7,520 Allied Laboratories com * 2,150 Allied Products Corp cl A.25 6,310 Common......! .......10 1,356 Allis Chalmers Mfg Co * 250 Altorfer Bros conv pref.....* 4,720 American Pub Serv pref..100 19,893 Amer Tel & Tel Co capital. 100 136,029 Jan. 1 to Dec. 31- Armour & Co common......5 $6 prior preferred. * 7,640 Aro Equipment Corp com 1 25,850 Asbestos Mfg Co com 1 10,160 Associates Invest Co com...* 11,900 Athey Truss Wheel capital..4 — $1,000 1937 .—$221,600 JANUARY $45,000 Ask RANGE FOR 44 109 Highest Lowest Highest Sale Prices Sale Orices 47 Feb. 4 43 Oct. 18 41 Nov. 2 Sale Prices Jan. 27 Jan. 3 * 1 37 H Sale 130 Sale 43 8*4 9M 5 3*4 Sale 6 6*4 10 9 12*4 7 30 52 16 8*4 35 60 5*4 Sale 20 105 6 20 aVA 9*4 Sale 3*4 2*4 7 11 12*4 19*4 8*4 18H 47*1 Sale 21 57*4 Sale 121 ft lVt 7*4 41*4 60 Sale Sale 58*4 Jan. 4 n Sale Sale 33 4 150*4 Sale 5*4 Sale 153*4 5*4 9 34* A* Sale 36*4 9 *4 33*4 154 2% 3*4 Sale 3*4 :4*| Sale 3*4 2*4 Sale 2 i H 854 Sale 3 h Sale *0 z6 II,590 ■ 18 7 Aug. 26 July 5 Oct. July 8 19 June 2f Sale Sale Sale 60*4 Nov. 17 Aug. 12 49*4 Nov. 14 36*4 Apr. Oct. 120 19 120 Jan. 19 31 11 26 43 Jan. 3 !2*4 Jan. 7*4 Jan. 27 26 3 123 39*4 Sept. Jan. 11 9*4 Jan. 3 9 2 8*4 Jan. 10*4 Mar. 14 12*4 Sept. 3 4*4 Jan. 14 Nov. 18 Oct. 28 7*4 Dec. 4*4 Mar. Jan. 8 Mar. 4 Mar. 7 June Jan. 11 12 Jan. 20 11 18*4 Jan. 6*4 Jan. 39*4 Jan. 7 30 24 19*4 Jan. 8*4 Jan. 17 6 12*4 Mar. 59 26 61 44*4 Dec. 20*4 Dec. Apr. 130*4 Sept. 3*4 Mar. Jan. 3 Jan. 10 3 157*4 Jan. 21 5*1 Jan. 4 20 64 Jan. 26 39*4 Jan. 48 Jan. 8 Jan. 12 17 24*4 55*4 Jan. 120 39*4 Sale 9 7*4 8*4 2*4 7*4 Jan. 149*4 Jan. Jan. 5 24 6 if* 19*4 Aug. 26 11 *4 Aug. 26 June & 10*4 1 36 Sale „ 4*4 Sale « 7*4 Sale 3*4 Sale 9*4 *4 33*4 3*4 Jan. Jan. Jan. Jan. 4 10*4 Jan. 25 Jan. 4 12 36 Jan. 17 3*4 Jan. 3 3 19 4 Jan. 3 1*4 *4 6*4 2*4 Jan. Jan. Jan. Jan. 23 4 Jan. 27 * 1 3*4 1*4 2*4 8*4 3*4 Mar. 3 26 4 Jan. 14 11 7 Jan. 11 24 13 8 Jan. 24 Jan. 6 7*4 Dec. 28 13*4 11*4 6*4 29*4 8*4 5*4 Jan. Jan. Jan. Jan. Jan. Jan. 4 8 5 6*4 June 16 5 5 3 8*4 Mar 30 554 Mar. 31 Jan. Jan. 9 10 June Dec. 1 5 17 Jan. 39 2*4 Jan. *4 Jan. 8*4 Jan. June 3 Dec. 31 Jan. Nov. 10 5*4 Nov. 25 Dec. 6 Mar. 2*4 June 3*4 Dec. 26 5 Nov. 17 150*4 6*4 36 10*4 1*4 Dec. 1 Jan. 70 Apr. 3 Nov. 21 19 35 45 June nH Feb. 17 Oct. Jan. > 158 £ Sale 4*1 49 43 48 41*4 July 18 49 106 July 27 110 106*4 Nov. 4 110 104*4 July 5 *4 July 9 6 1938 Lowest 108 *4 Jan.24 110*4 109 Jan.31 109 Sale YEAR Sale Prices 45 47 135 Auburn Auto Co common...* 7,250 Automatic Products com 5 7,610 Automatic Washer com.....3 Aviation Corp (Del) 3 80,650 tAviation & Transport cap.l Ask Bid Bid IN Jan. 31 Jan. 3 Ask 48 42 50 ""650 Bid Chicago City Ry 5s .1927 Certificates of deposit..... STOCKS 1,424 1938 $58,000 ----- 1938 PRICES Par $ 6.000 1,000 14,000 53,000 54.100 83,600 4.000 3.000 1939 -- Price BONDS AGGREGATE SALES January 5X4 Oct. 1*4 Mar. July 71 Jan. 6 Dec. 31 Dec. 30 i 350 150 400 750 1,300 850 23,130 4,450 650 2,200 5,489 220 300 950 3,700 680 2,250 5,950 20,650 27,010 850 221,502 45,500 5,800 Backstay Welt Co com......* Barber Co (W. H.) com 1 Barlow AcSeellg Mfg A com..5 Bastian-BlesslngCocom....* Belden Mfg Co common....10 Belmont Radio Corp * Bendix Aviation Corp com..5 Berghoff Brewing Co .1 Binks Mfg Co capital 1 34,550 Bliss & Laughlin Inc com ..5 188,802 Borg-Warner Corp common. 5 2,300 Brach & Sons (E J) capital..* 5,650 Brown Fence 8c Wire cl A * 12,550 Common...... .........1 45,200 Bruce Co (R L) com 5 50 Bucyrus^Monlghan cl A. * — ""680 250 Bunte Bros common 7% 11 18*4 10 S>8 Sale 11 10*4 997 160 10*4 11*4 Sale Sale 17 9,523 1,050 Canal Const Co ""730 230 3,380 1,500 1,450 22,450 220 830 5.860 Central States Pr Ac Lt pref.* 9,550 Chain Belt Co com .....* 4,300 Cherry Burrell Corp com...5 Chic City Ac Con Ry— 9,600 Common.. 66p 570 Participation preferred * 376,100 Chic Corp common 1 Preferred. • 42,990 200 Chicago Electric Mfg A.....* 46.500 Chicago Flexible Shaft com.5 11,285 Chicago Ac N W Ry com..100 Chicago Rys— 561 900 280 5,319 2,800 1,750 20 70,060 4*4 IJ9*4 :,<32 ?16 120*4 12 7*4 7 Comm'wealth Edison com..25 Rights (June debs)...... Rights (Sept debs)...... Rights (w i) 11 Sale 5*4 20 Sale 17 22 *7*4 Sale 115*4 Sale A9 12*4 H Sale 119 7*4 10*4 9*4 4*4 26 8*4 5 18 8*4 12 10 5*4 Sale Sale 5*4 20 27*4 Sale 17 18 20*4 22*4 6*4 7 15*4 Sale 120*4 Sale 8*4 Sale Sale 3 7 *4 3*4 Sale 20*4 Sale 17 18 14 22 *4 23*4 15 19*4 22 12*4 Sale 67*4 Sale 13*4 "il" 14*4 Sale 68 2 1 6 Sale 95*4 Sale 30*4 Sale 11 iiH Sale *4 5*4 1*4 101*4 47*4 2*4 15 15 ... 2 30 Jan. Jan. 7*4 Jan. 11*4 Jan. 9*4 Jan. 5 J an. 25 26 27 21 24 22*4 7*4 5 17*4 Jan. Jan. Jan. 12 20 25 Jan. 27 17 32 18 Jan. 3 24 Jan. Jan. 4 21*4 Jan. 6*4 Jan. 13 Jan. 28 26 Jan. 23] Jan. 7] 17*4 Jan. 9*4 2*4 7*4 19*4 Jan. Jan. Jan. Jan. 24 10 14 19 26 28 15 xh Sale 32 Sale Sale Sale Sale 4*4 15*4 15*4 *4 Mar. 25 12*4 Mar. 29 16*4 Mar. 31 35 *4 36*4 25 71*4 *4 *4 1554 34 38*4 Sale 1 1 *4 Mar. 31 18 14 4 5 19 6 27 Apr 20 Sept. 14 May 31 22*4 Nov. 10 8 Mar. 15 17*4 Oct. 25 June 24 27 June 24 1 6*4 June 2*4 Dec. 14 Mar 31 5* 17 Sept. 28 10 Aug. 5*4 Jan. 10 July 24*4 July 19 15 19 29 20 4 14*4 Sept. 24 *4 Feb. 9 14 Apr. 1 9 Mar. 30 17 41*4 Mar. 31 3*4 Jan. 5 9 Jan. 3 27 21*4 Jan. 23 Jan. 28 .16*4 Jan. 9 Jan. 28 23*4 Jan. 5 12*4 Jan 66*4 Jan. 31 12 Jan. 70*4 Jan. *4 Jan. 5*4 Jan. 1*4 Jan. 10 5 5 *4 Aug. 22 3*4 June 1 5 1 23 20 90 Apr. 28 105 Nov. 18 June 15 55 Nov. 17 Mar. 30 70 •7*4 109 68 83 *4 15 Jan. Jan. Jan. Jan. 5l*4 Jan. 4*4 Jan 100 Jan. 45 Jan. 16 8*4 110 69*4 Sale . 21 16 15 Jan. 24 16 Jan. 7 12 14*4 Jan. 25 15*4 Jan. 4 12*4 June 16 1*4 Jan. 34*4 Jan. 24 2*4 Jan. 35*4 Jan. *4 Feb. 24 *4 June 14 1*4 Dec. 9 26] 33 8 iIS 3!* 27*4 Sale 17 21*4 Jan. 2*4 Jan. 4*4 3*4 Jan. 4 1 *4 1 *4 Sale 35 37 14*4 65 Sale *4 *4 - 7*4 Jan. *4 Jan. 25 12 70 1 8 7*4 Jan. 110 Sale Jan. 67*4 Jan. 66*4 Jan. 26 Jan. Jan. 4 8*4 Jan. Jan. Jan. 20 Jan. 5 3 110 9 70 26 84 7*4 Sale 2*4 2*4 16*4 23 27*4 Sale 7 Jan. 2*4 Jan. 18*4 Jan. 26*4 Jan. 3 8*4 Jan. 6 Jan. 30 18*4 Jan. 27H Jan. 20 3 1 5*4 July 16*4 Nov. 18 17 Feb. 24 Feb. 28 27 11 Nov. 15 36 16*4 Apr. 19 38^ Jan. 3 *| Dec. 22 2*4 *4 110 70 74 62 Sale 25 Dec. 30 25*4 Mar. 31 25 18*4 Feb. *4 *4 *4 5*4 96*4 57*4 63*4 1 7*4 "1*4 22 23 1*4 July 7*4 July 2*4 Oct. 15*4 3*4 Sale 1! Mar. 26 14*4 *4 *4 9*4 Sale 90 99*4 61*4 Sale . Aug. 24 15 10 14*4 Dec. 27 73*4 Nov. 17 1*4 Jan. 25 Jan. 14 2*4 14*4 Nov. 14 10 9 25 1 1 Sale 2 Dec. 28 3 24 55 91 45 Mar. 30 19 21 11*4 July 12 13*4 Nov. 9 13*4 Nov. 10 7 Dec. 17 30*4 Dec. 29 8 *4 May 16 6*4 Jan. 12 22*4 Jan. 15 36*4 Oct. 19 10 Jan. 14*4 July 6 105 1*4 Sale 13 Jan. *4 3 5*4 23 1*4 26 103*4 6 5 Dec. 29 Jan. 4 3 24 *4 —- 7 *4 Sale *4 6 12 19 1*4 47 *4 4*4 7 13 25 12 Sale Sale New common...........10 Club Aluminum Uten Co.. Coleman L'p Ac Stove com...* Sale ■ » 125 6 Cities Service Co com.......* For footnotes see page 56. 7*4 21 6*4 8 30,199 Chrysler Corp common.....5 93,500 21,150 10,850 1,030 489,870 1,231,100 901,917 777,140 14 8 ?*5*4 5** .29*4 Sale Partlc certificates I....100 Part certificates "2" 100 Part certificates ser"3"_100 100 3,710 Chic Rivet Ac Machine cap..4 920 Chicago Towel Co conv pref * Common capital....... 1,340 * 460 40 ;10*4 218 > Convertible preferred....* 13,940 184,701 Central S W Util com 50c Prior lien preferred __....» 7,000 Preferred » 9,810 500 ~2",655 oref Cent 111 Secur Corp— Common 15,850 ......_1 590 650 21,700 4,750 conv 14,800 Castle & Co (A M) common. 10 3,550 Cent Cold Storage Go com.20 19,902 Central 111 Pub Serv. pref...* ..12*1 "16" "l4" Campbell Wyant & Cannon 2,860 Foundry capital ..* 950 7 *14 16 6*| Sale 6*4 6*| ....10 16,860 Burd Piston Ring com......l 135,865 Butler Bros common 10 17,322 5% convertible preferred 30 10 Mar. Jan. Oct. Mar. Apr. May Sept. 20c 24c 13c 80*4 July 1*4 Jan. *4 26 *4 14 *4 19 29 10*4 19 112 Mar Oct. Oct. July . 8 10 19 19 Nov. 16 27 70 June 9 28 88*4 Nov. 9 Mar. 24 5*4 Sept. 26 1*4 Jan. 7 14 22 14 19 10 June 4 Mar. 31 June 8 2 Jan. 3 10*4 May 10 2*4 Nov. 30 30 Jan. 12 28 May 11 46c June Aug. 25 27c Dec. 27c Aug. 25 Dec. 15 9I 1 FEB., 1939] CHICAGO AGGREGATE SALES In January CHICAGO STOCK EXCHANGE 12 Months 1938 EXCHANGE 55 PRICES IN JANUARY RANGE FOR Price YEAR 1938 Jan. 3 STOCKS Jan. 3 1938 Shares Par ■■■i.lSO STOCK 950 27,080 Compressed Ind Gases cap..5 47,350 Consolidated Biscuit com...1 2.668 Ask 17 Sale 3K 3H 14 6 100 Consolidated Oil Corp.....* Lowest Ask Bid Ask 15 13 13 * Sale 5* 5* Sale 8* Sale Bid Bid Jan. 31 9 Highest Sale Prices 13 Jan. 26 5* Jan. 17 8 Jan. 25 6* Jan. 24 11 19 26 Lowest Sple Prices 15* Jan, 6* Jan. 9* Jan. 7 7 Highest Sale Prices 12 May 5 3* Mar 30 9 Dec. 31 7* Jan. 4 1* Jan. * Feb. 7* Aug. 26 Feb. 2 Sale Prices 25 Jan. 12 9 Consumers Co— 210 160 5,870 V t c pref part slipret 50 2,530 Com part shs ▼ t c A 5# 2,940 Common part shs v t c B..* 9,977 Container Corp of Am com.20 1,891 Continental Steel com......* 280 620 764 75 mmrnm-- 1,47/ 850 751 2,750 260 340 2,125 5,630 16,000 2,380 150 350 3,540 1,900 Crane Co ....100 . 12 15 90* 97* ..25 common.. 3 26,475 Dayton Rubber Mf# com * 860 Cum class A pref... ..35 17 20 430 Decker (Alf) & Cohn— Common Preferred 10 100 ......... Deep Rock Oil conv pref....* 8,090 Deere & Co common ..* 360 De Mets Inc pref .* 1,350 Dexter Co (The) com.......5 13 JrH 3* 50 18* Sale 13 * DIxie-Vorter Co ....* com Class A ...* Dodge Mfg Corp common...* Eddy Paper Corn (The).....* El Household (Jti) Corp 5 Elgin Nat Watch Co......15 150 Fair. The 831 22 £* 75 26 6 com.. "32* Sale" 60* Sale 14* 15* 16* 16 26 26"::::: 4* Sale 1 2 1 2 Jan. * 12* 21* 102* Jan. Jan. Jan. Jan . 1* 16* 26 29* 13 102* Jan. Jan. Jan. Jan. Jan. 'P 10 Mar. 95 15 Sale 23* 2* Sale 28 38 10* 20* Sale ..... Sale 18 4* 30 55 Jan. 37* Jan. 60* Jan. 4 31 14* Jan. 26 3 12 16 Jan. 20 13* Jan. 27 17* Jan. 26* Jan. 20 24 2* Jan. 4 Jan. Sale 26 25 2 2* 30 10 19 18 Jan. 2* Jan. Aug. 100 Sale 6 16 17 19 24 25 9* Jan. 4 10* Jan. 34* Jan. 7* Jan. 30 Jan. 3 15 Jan. 3 Jan. 19 * Jan. 23 26 26 2?* 28 3 19 Jan. Jan. 16! 31 22 35 33 14 Sale 14 15* 3* 3* 19* 21 8* 13* 15 3* Sale 19* 20 38* Sale" 35* Jan. 12* 12 12* Sale 10 Jan. 2 19* Sale 23 35 7* 61 Jan. 15* Jan. 12* Sale 33 Mar. 29 Mar. 23 Dec. 16 10 16 35 25 A" 4* Jan. 20 5 Jan. 5 18 Sale 4 20 4 5 5 27 38 5 liH Jan. 5 Jan. 6 Jan. 23 73 XI* Sept. 17 8 July 9 Dec. 28 1 9* Oct. 29 May 24 7* Mar 30 10* Mar. 31 Jan. 5 Jan. 6 ii* 26 43* Jan. 4 33* Nov. 28 Jan. 12 3* Jan. 31 14* Jan-. 3* Jan. 20 31 4* Apr. 3* Dec. 12 13 Jan. 20 8 2* Jan. 31 Mar. 29 Mar. 28 Jan. 8 Nov. 16 July 18 17* Nov. 9 3* Jan. 28 3* June 8 14 28 12 Dec. 15 Dec. Dec. Apr. Dec. Mar. Jan. 30 Jan. 15 Oct. July 2* Jan. 36* 45* 11* * 5* 10* Jan. 20* Jan. 19* Jan. Jan. 10 7 5 8* 3 34 37 15 "42* Sale" 15 31 12 3 Dec. 31 July 17* Oct. 15 28* Nov. 14 11* Sept. 2 Sale 9 * ...* common 1,406 Fairbanks Morse _Sa!!. Sale 37 56 14 5 360 Diamond T Motor Car com..2 9,Uio 3,847 7,765 5,950 73,340 21,550 16* Sale 27* Sale 101* ig >a ii* ih 1 * Mar Curtis Lighting Inc com....* 7,250 1* .......-5 65 1,716 450 . 3 1 Cudahy Packing Co pref.. 100 Cunningham Drug Stores 2* 450 40 500 30 220 380 485 Preferred.... 14,900 Cord Corporation 7* 6* 2* 28 Oct. 8 Nov. 2 3* July 20 23 21 18 Feb. 8 Feb. 25 Nov. 14 Jan. 6 6* Ian 18 8* Dec. 14 16* Jan 31 34* Dec. 24 14* Jan 12 21 Feb. 11 5* 25* 6* 43* Aug. Oct. Jan. Dec. 25 28 28 31 Fits Simons A Connell Dock 1,200 7,150 8c Dredge Co com.. * 6,300 Four-Wheel Drive Auto....10 8,830 Fox (Peter) Brewing com...5 25,150 Fuller Mfg Co common. 1 .... 300 1,700 4,250 900 200 14,450 Gardner Denver Co com....* 850 590 400 1,600 1,122 10,150 11,653 230 "3",350 40 130 16,250 13,630 15,550 94,450 1,164 General Candy Corp A 130 570 3,980 3,100 2,725 600 25, 513 2,122 20 180 250 4,300 2o0 150 3,450 3,550 590 110 400 1,200 1,600 1,100 40 2,400 20 850 2,387 3,550 150 200 30 800 224 600 150 350 50 450 1,200 610 40 2,300 78,670 - - - 2,150 2,750 1,150 880 3,122 5,740 110 550 «> - 11* 15 30 Goodyear Tire & Rub com..* .* "7* "8* Gossard Co (H W) com. Great Lakes DAD com * com.. 10 13 Sale 5* 4* 6* 8 6 7 6* Sale 4* 5 24,060 - 230 50 290 165 100 16 12* Jan. 24 14 Jan. 7 56 54 63 5® 17 50* Jan. 25 26 59* Jan. 56 Jan» 3 23 11* Jan. 12 Jan. 28 Jan. 7 21 11 11* o2* 37* 46* 6 26* Sale n4% 5* 6* 7 3 Sale Sale" Sale 6* ..... Sale 36* Sale 10* 11 Hlbb Spencer Bartlett com_25 42* Sale 16 16 17* 7 8 Mar. 23 33 8* 10 4 Jan. Jan. Jan. Jan. Jan. 18 26 m* Jan. 3 Jan. 5 6* Jan. 8* Jan. 11 8* 2* 37* * 47* 6* 6 Jan. 9 7 Jan. 26 Jan. 5 30 Jan. 5 32 11* 29* 10* 24* Jan. Jan. Jan. Jan. 4 13* Jan. 37* Jan. 11 4 12 8* Jan. 4* Jan. 6 5 5* 7* Sale 7* 8* 5 23 11 Jan. 10 14 27 Jan. 20 28 11* Jan. 13 Jan. 4 6* Jan. 7* Jan. 27 4 5 May June Dec. Dec. Dec. Dec. 24 6 17 12 9 13 Feb. 1 17 Dec. 29 Jan. 22* Sept. 26 6 Mar. 31 12* Mar. 29 5 Jan. 3 5* Jan. 7* Jan. 8* Jan. Mar. 30 Mar. 28 5 Sept. 14 5* Jan. 27 4 Mar. 30 Mar. 5 Mar. 30 34* Sept. 10 11 May 26 16* Jan. 7 18 Sale 11* 23 * 11* 24* 35 12 37 23* 24* 14 34* Jan. 11* Jan. 24* Jan. 24 5 5 12* Jan. 24* Jan. 12* Jan. 26 17* Jan. 11 37 Jan, 12 52* Jan. 26 12 Oct. 25 4* 39* 2* 50* 8* Jan. 10 Dec. 29 Jan. 8 16 Dec. 15 Nov. 15 5 12 26 Mar. 26 47* May 20 30 7* 19* 12* 14 32* Sale 10* Sale 25* Sale Sale Sale 8* 11 2* 36* * 43* 60 1* Mar. 28 10 20 37 12* Dec. 29 6* Mar. 16 11* June 7 2* Jan. 11 5 Jan. 24 Illinois Brick Co 10 8* Sale 10 a* Sale 9 107 26 • - «. Illinois Central RR com.. 3,252 Inland Steel Co capital 8,859 Internat Harvester com 120 Interstate Power * 11 1* Sale 100 _ 6 5* 10 17* Sale 10* 12 2 Sale 6* Sale 20 Sale 21 23 Sale Sale Jan. 15* Mar. 15 July 2 Jan. 11 Dec. 29 Oct. 27 Oct. 31 35 23* 38* 11* 27* 13* Nov. 15 6* Jan. 20 8* June 30 Apr. 25 J Nov. 9 Dec. 28 24 Nov. 14 45* Feb. 18 14 Jan. 10 24 Dec. 6 93 * 60* 2* 19.650 24,110 2,280 14,250 1,050 7,600 29,523 28,900 1,660 3,750 Jarvls (W B) Go capital Jefferson Electric Co 2* 16* 20* ..* 41 Joslyn Mfg 8c Supply Co com 5 Rats Drug Co com .......1 Kellogg Switchboard com * Preferred 100 4* 70 29 Kentucky Utll Jr cum pref. 50 6% preferred 100 Kerlyn Oil Co common 1 17* Oct. 19 LawbeckCorp 6% cum Leath A Co common. Cumulative * preferred....* Le Roi Co common * Lincoln Printing Co com ...* l ion Oil Ref Co * 238,298 Marshall Field A Co com * 80,500 Mer A Mfrs Sec cl A com 1 2,210 Prior preferred.... _...* 100 Metrop Indust allot ctfs 70,815 Mickelberry's Food Prod coml 437,300 146,200 35.240 43,060 4,910 8,440 2,350 2,810 5,770 2,850 Middle West Corp capital 5 Stock purchase warrants... Midland United Co com....* Convertible preferred Midland Utll Minneapolis Brew Co Modine Mfg com ::::: MN ..... J?T 7* Sale 3* Sale 20 2* 30 18* 3 Monroe Chemical Co com Preferred. 1* For footnotes see page .56. 4 Mar. 30 29 Jan. Jan. 4 5 7 Jan. 10 15 79* Jan. 52* Jan. 2* Jan. 26 94* Jan. 60* Jan, 2* Jan. 5 July July Dec. IS 27 94* Nov. 12 3 10 Feb. 10 11 4 Jan. 20 5* Oct. M July '18 26 16 Jan. 27 24 26 Jan. 4 12 19* J an. 5 3 Mar. 31 it* Nov. 14 41 Jan. 5 May 31 41 4* Jan. 6* Jan. 4 Dec. 3 Mar. 26 "3"" ""4* 39* 42 39*"Jan. 24 Jan. 26 5* Jan. 23 Sale 4 4* 5* 5* 70 3* 39* 5 40* 23 12 7* 20 20 10 22* Mar. 30 31 8 80 Sale 9 4 3* 2* Sale 15 6 8* Oct. 17 Mar. 18 31 Apr. 27 30 4 Mar. 31 9 June Feb. 21 May 27 12 7 25 21 9* 13 Mar. 22 33 11 Mar. 31 Mar. 21 jy 24 Nov. 14 6* 5* 4* 29 Jan. Jan. Jan. 31 27 8 Jan. 4 May 28 6* Jan. 5* Jan. 3 4 Apr. Jan. 9 Jan. 6 Mar. 25 Jan. 3 28 2* Jan. 25 Jan. 28 2* Jan. 2 1 9* Jan 18 Jan. . 8 4 26 7* 31* 15* 4 5 31 Dec. 28 1 Dec. Dec. 6 21 24 20 Jan. 6 Mar. 28 16* Jan. 24 Dec. 27 13 18 Dec. 23 16 18* Jan. 1 * Jan. 33* Jan. 4 1* Jan. 32* Jan. 20 Mar. 31 08* 11 9 Feb. Aug. 2 July 26 Jan. 11 Aug. 1 July 26 3* Apr. 28 9* Nov. 4 25* Aug. 17 20* Nov. 12 July 19 38 July 25 «*8 8 Jan. 3 10 Jan. 20 24 Jan. 16* Jan. * Jan. 6 4 15 Oct. 18 20 15* 20* 12* Sale 4* Sale 26* 27* 30 11* Jan 4* Jan. 26 26* Jan. 23 14* Jan. 27* Jan. 5* Mar. 25 14* Apr. 20 31 Dec. 28 20 1* * Mar. 22 13* Oct. 5 21* 5* Mar. 30 14* 6 2* Mar. 26 19* Mar. 25 '29 Jan. 30 16 16 16 16 ----- 4 Sale * 4 1 1 1* * Sale * Sale 2* 2* 7* 8 19 2* 21* 3 6* Jan. 30 Jan. 14* Jna. * Jan. . Jan. 21 3* Jan. 7 Jan. 27 * Jan. 3* Jan. * Jan. 19 1 12 17 31 14 4 5* Jan. Jan. 4* Jan. 8* Jan. 4 * Jan. 4* Jan. 3 1 3 Jan. 23 Jan. 14 1* Jan. 20 * Jan. * Jan. 2 11 1 11 Jan. 24 * Jan. 2* Jan. 7* Jan. 7* Jan. 19 12 Feb. 11 1* Mar. 31 4* Mar. 31 lc Dec. 7 * July 12 Feb. 4 * Oct. 11 * Sept. 16 Jan. * Nov. 31 28 30 * Dec. 2* Dec. : 2* June 5* Apr. 16 Jan. 11 Oct. 14 Nov. 10 Oct. 7 Nov. Feb. 4* Oct. 8* Oct. 2 Jan. 9 11 14 15 10 5 22 * Jan. 6* July 2 May 17 2 Jan. 19 1 * Jan. 10 1* Mar. 12 7 July 18 7* Dec. 21 7* Feb. 23 27* Jan. 12 5 July 26 47* Nov. 22 16* Mar. 21 17 Nov. 16 Sale 31* Sale 6 Jan 26 22 Jan. 16 18 40* Jan 9 32* 16 2* Jan. 30* Jan. 9 41 13* 14* 14* Sale 9 24 30 * 3* * 4?* 13 Mar. 27 19 * Sale Sale 22* 3* Jan. 1 * Mar. 20 6* 7* 21 jy Nov. 21 5 Jan. \7H !IH zt>* 33* 3* 7* * 3 7* Jan. 78 12 Jan. 2* 4* Sale 1* * Sale J* 3 18 25 * 4 19 Jan. 7* Jan. 3* Jan. 12 * 25 Jan. 80 13 Jan. Sale 30 , Sale 35 22 23 26 Jan. 20* Sale 3 3 23 28 5* Jan. July 81 July 35* July 22 i 5 Jan. 7* Jan. 3* Jan. * Jan. Dec. 9 30 29* Sale .... 29 69* Jan. Oct. 10 Dec. 29 3* 29* 15* 27 8 No^fc 35 17* Sale 8 68 18 Nov. 16 30 12 June 9 Jan. 26 15 4 May 25 May 26 Nov. 2* OCt. 2 2* 6* Sale 5* 5* Sale Jan. 4 Feb. x32* Sale Sale 7 21* 5 85 Sale * • 10 19 25 2* 20* 26 19 25h 1 • 3.000 Nachman Sprlngfilled com.* 3,990 National Battery Co pref * 700 National Bond Invest com..* 2.150 Nat'l Pressure Cooker Co 2 22* Jan. 12 1 1 60 Mountain States Power pf.100 870 Muskegon Mot Spec class"A"* 25 3 * Jan. * 4* * 5* Sale * • 19 19* Jan. 16 pref.* com Oct. 20* Sale 4 3* 83* Sale 56* Sale 30 100 100 conv 26 6* Jan. 20* Jan. 16 Sale 2 0% pr lien..l00 100 Miller A Hart Inc 26 17 15* 24* Sale 9* 9* 19* Sale 18* 19 1* 1* 32* 35 7% prior lien 7% preferred A... 6% preferred A... 5* Jan. 14* Jan. 18* 26* 21 Sale 5 518 Liquid Carbonic common * 14,250 Loudon Packing common...* 2,900 Lynch Corp common ......5 3,770 McCord Rad A Mfg "A".....* 1,220 McOuay-Norris Mfg com * 1,300 McWilllam Dredge com.....* 34,200 Manhatt-Dearborn Corp com* 5* 6* 17* Sale 11* 1* 2* Jan. 15* Jan. 21* Jan. 85 29* _• com 5 7* 6* Sale $3.50 preferred .......* Lindsay Light & Chem com 10 210 Preferred............ .10 26,250 12 7 10 Llbby, McNeill A Llbby. Jan. 2* Jan. 3 22 pfdlOO ....... 12 24 Sale 9* 3* Sale * * 2* 2* 29 31* 8 5* Mar. 31 8* Mar. 31 * June 13 Jan. 8 A...5 com 4* 94* Sale 7* 3 69* * Kingsbury Brewing Co cap.l La Salle Ext UnJv 11 3 1* Jan. 6* Sale .... Ken-RadTube 8c Lpcom A 10* 1* 45 26 .1 com. Sale Mar. 31 4 • 410 $6 preferred * 5,080 Iron Fireman MfgCovtC...* 52,500 6,150 1,750 38,050 31.360 1,470 4,610 1,350 8,470 23,750 14 107* 37 pref 980 - Jan. 13* 25 5,100 Illinois Nor Utilities pref.100 8.650 (ndep Pneum Tool v t c....* 7.557 Indiana Steel Prod com 1 •• 7,700 2,350 m 2* Sale 12* 33 II* 250 Minn's-Moline Pow Imp com.* - - * 3 Sale Sale Sale 49* 6* 7* Sale 26 82,628 Class B * 6,800 Hubbell, Harvey, Inc com..5 74,607 Hupp Motors com.... 1 50 m Sale 11 2* 39* 14* 3* Sale Houdallle-Hershey— 200 m 14* 59 Sale 21* Sale 810 Mapes Cons Mfg capital 48,050 3,350 2* Godchaux Sugar inc cl B__.* Class A • 1,400 Horders Inc common * 3,850 Hormel 8c Co (Geo) com A..* 150 250 10 Sale Goldblatt Bros Inc com.....* 28,500 Helleman Brew Co G cap 1 8,750 Hein Werner Motor Parts..3 2,450 2 13* 12* 4* 10 2* 58* Sale Gillette Safety Razor pref..* 5,210 Harnlschfe*er Corp 560 2* a* uH 5 290 Heller (W E) preferred 600 Without warrants 2,265 2 ..* common 8,912 Hall Printing Co com 10 1,050 Hamilton Mfg cl A part pf ..10 650 400 ..20 169,860 Gen Household (Jtll com * 9,800 General Motors Corp .10 1,339 General Outdoor Adv com..* 1,550 2,100 pref. 12 9* General Amer Transp com..5 200 General Foods ""470 9,150 cum conv 7 4 26,305 General Finance Corp com.. 1 420 2,799 1,900 S3 6* 12 43 Jan. 12 35 14 Jan. 20 17 Jan. 20 11 *7* Jan. 30* Jan. 26 25 7* Jan. 31* Jan. 15* Jan. 26 5 4 20 2 Mar. 29 14* Dec. 23 32* Nov. 29 Jan. 18 4 18* Nov. 15 7* July 7 14 Jan. 31 4 Jan. 18 4 Apr. 2* May June 29 15* Mar. 30 7 Apr. 11 Apr. Mar. 22 10* Oct. 27 AGGREGATE SALES ■ PRICES CHICAGO January Shares STOCKS Jan. 31 Jan. 3 1938 Par Bid Ask Trust— pref. —* Cumul. cons. 3 4% 1,100 1,750 20% Sale % 1 16 % ..... 750 10 550 6,650 1,450 160 69 170 Nunn-Bush Shoe 20 280 i2o* llH "7" Sale" 10% 12 34 11 32 8 16 com.— 3,134 Omnibus Corp v t c com 90 Okla Gas & El 7% pref 650 Ontario Mftf Co Sale 19 53,850 Noblltt-Sparks Ind Inc cap. 5 20 16,850 North American Car com 110 Northern Paper Mills com.* 3.700 North 111 Finance com—....* 63,300 Northwest Bancorp com....* 4,210 Northwest find Co com. * 1,950 Nor West Utll pr lien pref.100 5,220 7% preferred —100 3,450 1938 * 100 Sale 19 IX .. 25H Highest Sale Prices Sale Prices Jan. 17 28 Jan. 1 Jan. 28 20 17 15* 15 1954 Jan. 154 Jan. 1% Jan. Sale" 2% "" 75* 12 X 13 75* Sale 16 145* 41>* Sale 145* 125* 125* 14 165* 175* 25* Sale 105 155* Sale 11 175H il* 138 Sale Sale 43% Jan. 26 26 Jan. 2% Jan. 31 12 Jan. 28 11 7 Jan. Jan. 28 26 3 6 Jan. Jan. Jan. 7 21 14% Jan. 40J* Jan. Sale 13 14 Sale 12% Jan. 15% Jan, Ja l. 24 26 9 31 28 30 12% 7% Jan. 21 12 15% Jan. 20 Jan. 4 Jan. 23 im 8% Mar. 18% Apr. 8% Mar. 10 May 13% Sept. 106 Oct. Feb. 20 19 Nov. 28 Jan. 15 \ih Nov. 25 Aug. 19% May 12 Sept. 19% July 105 Mar. Nov. 96 8 145* 8 Mar. 5 21 $ 134 Oct. 10 16 Jan. Mar. 1% Apr. 6% Sept. 4 Jan. \lV* 42 July 19 1% July 22 9% Mar. 2 26% July 25 25 13% Apr. % Mar. 8% Mar. 6 Sale 23 o 65* Mar. 22 1% July 15 % Dec. 17 % June 27 75* 2 j* 10 15 8 Lowest Sale Prices 1 ::::: 165" com...—. Highest Sale Prices 15* 15* Stamped National Standard— 12,550 Common stock ...—10 6,400 National Union Radio com.. 1 170 iteen Hundred class B..1 7 YEAR Lowest Ask Ask Bid Bid Nat Republic Invest 11,491 8,790 20 RANGE FOR JANUARY Price Jan. 3 12 Months 1938 Shares IN _ st6ck exchange In EXCHANGE STOCK CHICAGO 56 23 10 14 25 1 Nov. 195* July 25 Oshkosh B'Gosh lnc— 10 1,300 20 1,250 850 24 1,266 540 875 250 23,860 mm — — 100 30 265* 170 "800 200 7% Jan. 27% Jan. 14% Jan. % Jan . 30% Jan. 1354 Jan. 35* Jan. 6 7 30 16 10 31 50 Sale 4 125* 45* 135* 55* Sale Sale 21 Sale 18% Jan. Sale Sale 45* 5* Sale 1 Sale 125* Jan. 26 4 Sale 165* Sale Sale 1454 375* 255* 3% 5* 135* 54 11% 115* 33 h 34 Sale 35* 5* 155* % 145* 135-4 25% 3% % 1154 54 10% Jan. Jan Jan. Jan. Jan. Jan. 31 17 % Jan. 7% Jan. 27% Jan. 155l Jan. y Jan. 30% Jan. 15% Jan. 27 44 41 15* 81 82 5* 985* Sale 1265* 142 17 175* 2% Sale 5* Sale 9% 12 60 6% preferred v tc «.5 4,720 Reliance Mfg Co Common. 10 400 1% 1175* IX 11.800 200 15* 77 70 14,972 Quaker Oats Co com— * 2,860 Preferred —..100 3,250 Rath Packing Co com 10 22,800 Raytheon Mfg Co com vtc 50c «• 5 1% com Common 5* 305* 15 5* 26 34 28 4£ ■ 50 13 5* 245* 38% Pressed Steel Car common-.1 130 Pub Serv of Nor 111 ""900 155* 35* 22 150 5% 1st preferred 5 100 5% convert 2d pref.—.—50 5.440 Process Corporation com.. m . mm 12 11 26$ 27 13 5 Apr. Nov. July Apr. 30 Sept. 11 Apr. 2% Sept. 18% Oct. 55* 25% 13 % Jan. 85* .. 5,685 X 275* 165* 5* 50 11 9 3,500 Perfect Circle (The) Co—...• 4,580 Pictorial Pap Pkg com......5 17.934 Pines Wlnterfront com..—1 3,465 Poor & Co class B * 12,170 Potter Co rThei com.. —1 150 900 155* 1 49 X — - 25}| 33 Pennsylvania RR capital--50 10,540 Peoples Gas Lt & Coke caplOO — S* 12 ... 1,987 75* 65* 1,400 Common ....* 280 Convertible preferred....* 3,500 Parker Pen Co (Tbe) com..10 11,965 Peabody Coal Co B com... 190 6% preferred-. -—100 7,200 Penn Elec Switch conv A—10 7,500 Penn Gas Ac Elec A com... 60 Preferred 100 10 150 99 Preferred..............100 100 152 265* 15* 54 105* 1015* 15* 3 28 3 26 24% 395-s 27% 3% % 16% 5s 14% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 15* % Jan. 1 30 6 Jan. 13 Apr. 26 165* Aug. 27 9% Jan. 5 18% Oct. 6 Oct. 29 Jan. 27 20 26 Jan. 12 % Jan. 23 27 11 Jan. 5 154 Jan. 195* Jail. 25 6 26 2% Jan. 19% Jan. 26 Jan. 30 25 Jan. 3 8% Jan. 28 4 66% an. 2% Jan. 25% Jan. 25 6% .'an. 74% Jan. Jan. 4 2 24 3 26 Jan. 30 26 15% Jan. 4 Jan. 27 17% Jan. 1% Jan. 27 16 1% Sept. 19 14% Dec. 31 10% July 23 29 85 129 5 July 19 Jan. 6 74 Apr. 14 117% Dec. 28 Mar. Mar. 152 Nov. 10 28% Dec. 15 45* July 20 July 26 Aug. 6 16% Jan. 1% Mar. 5* Jan. 7% Mar. 95 July -- Dec. 3 20 Jan. Jan. 3 15 10 10 12 Dec. 29 4% Jan. 1% Jan. % Dec. 7% Sept. % May 6 Sept. 9% July 29 Dec. 5* Mar. 74 Apr. 74 Apr. Jan. Jan. Jan. 7 June 25 41 May Mar. 3 27 117% Jan. 4 157 Jan. 2 17 1 40 24% Mar Jan. Jan. 114 8% Dec. 10 275* Feb. 15 22 37 114J* 113% 156 Sale 152% 29 275* 30% 1 h 154 2 2% 54. % 54 % 10 11% 105* 11% 1015* Sale 26 22 26 18 21 22 99 Jan. 4 Rollins Hos Mills- 5,000 96.640 5,550 17,950 40,570 28,750 1,610 4.920 1,590 13,850 3,882 950 90 600 50 1,350 30 40 2,400 5,515 50 2,192 1,487 736 mm m. m. 4,600 1,400 800 20 100 150 2,564 200 3,621 4 23 24% 2!M 14 18 14 16 Sale 19 Slvyer Steel Castings com—* South Bend Lathe Wks cap 5 „2 X 95 105 70 76 60 Sale 10% 2% 4% 12 Sale Thompson (J R) com Trane Co (The) common ..." 1H 1^ 1 1 9% 16% 22% 15 4 ..25 2 Air L Transp cap 7% preferred Preferred • 934 550 10 560 600 8.750 5,100 1,850 45.200 Sale 28 24% 155* 125* 13 Sale 104 90 90 Sale 80 12 2 Sale 125* 35* Sale 23% 4% 85* 18% 275* Sale 6 Sale Sale Sale 35* Sale 14 15 Sale 73% 905* "65" "70" 1254 1105* Sale Sale Sale 9% 26 Sale 12% Sale 4 105 10 25* 125* 854 18 4 5 Sale 15* Sale H X 15* 2 165* Sale 355* 395* 15* 1% 185* Sale 1375* 1395* Cum prior preferred..... Williams Oll-O-Matic com 25* Sale 5* 5* 154 15* 39 1 18% 143 5* 23% 118 10 12 76 20 15 51% 32% * 745 Wayne Pump Co capital 1 6,555 Western Union Teleg com. 100 4.937 West'house El & Mfg com..50 5,200 Wieboldt Stores Inc com 1,599 2% 8 23 12 9 1045<i 104 90 Jan 25 27 16 9 19% Jan. 1% Jan. Mar July Mar. May 47% Mar. 5* 185* 15% 6% 85* Sale 4 4 25* 3 45* Sale 454 55* Sale 5% Nov. 10 7 90 72 4 12% Dec. 42% Jan. 12 73% Jan. 12 Jan. Jan. Jan. 10 13% Jan. 20 75* Mar. 30 16 21 1 24 2% J an. 3% Jan. 19 2% Mar. 25 Jan. 26 Jan. 9% 12% 25* 3% 10% Sale 55* 6% 8 7% 11 Jan. 26 10 26 Jan. 23 19 Sale 27 Sale 18% Jan. 2654 Jan. 27 ,3% 13 84% 10% 101 % Sale 3% 13% Sale Sale Sale 10 Jan. 5% Jan. 8 3% Jan. 25 MX Jan. 27 12% 5% 8% 19% Jan. Jan. Jan. Jan. 30 28 Jan. 3 3% 15% 90% 26 13% 25 112% Jan. 26 12 154 % 1% 15 39 17» Sale Sale iy 18 1% Jan. % Jan. 15i Jan. 15% Jan. 29 2% 16 25 30 25 39 Jan. 1 Sale 99 2254 106% Sale 754 854 80 21 Jan. 6 16% Jan. 28 155 Jan. 90 3 JS* Jan. 39 Jan. 1 4 10 14 10 7 Mar. 31 7% Apr. 26 15 Mar. 30 225* Mar. 30 3% Mar 63% 7% 77% 172% % % 1% 14% 36% % 5 18 20 30 25 Jan. 6 18% Jan. 3 24 31 135* 24% Jan. Jan. Jan. 11 21 11 14 10 8 Jan. 5% 554 79% 1% 9% 22% Jan. Jan. Jan. Jan. Jan. Jan. Oct. 11 14% Oct. 3% Jan. 55* Jan. 8 15 11 80 30 15 Nov. 4 Oct. 21 35* June 27 12% Dec. 30 65* Jan. 17 13 Jan. 20 Dec. 22 Mar. 29 Mar. 29 Jan. 17 Dec. 21 June 10 Dec. 29 17 20% Nov. 12 29% Oct. 15 5% July 19 July 21 90% Nov. 12 13% Nov. 14 13 June 22 1145* Oct. Dec. 15 172% Dec. Mar 21 15 3% July 28 June 28 2* Feb. 25 18% Sept. 2 37% Feb. 18 6 1% July 20% Jan. 11 Sept. 7 13 24 Aug. 24 Oct. Oct. Nov. 12 12% Jan. 15 19 18 31 4 20 4 3 795* Feb. 5 July 25 3% May 27 25* Mar. 30 11 3 Oct. 155* Dec. 29 73% Mar. 24 2% Mar. 25 80% Jan. 2% Sept. 19 86 8 160 Apr. 54% 39% Sept. 26 33% 25% Sept. 17 20% Dec. 22 30% 93% Sept. 28 1245* 3 16 Mar. 30 126 26 119% Jan. Jan. 3 9 4 Dec. 8 125* Dec. 23 4 163 Jan. 26 51 % Jan. 25 32 5* Jan. 26 Jan. 18 2% Dec. 27 85s Sept. 24 Jan. Jan. Jan. Jan. Jan. 2% Jan. % Jan. 154 Jan. Jan. 265* Dec. 10% Apr. 4 82% Jan. 9% Jan. 99% Jan. 13 58 5 18 3 19 7 19 Oct. Jan. 16 Jan. 27% Jan. 20% Jan. 98% Jan. 8% Jan. 80% Jan. 2% Jan. 35* . Apr. 21 107 Jan. Jan. 1554 Jan. 5 106 1 1154 15-4 35* 26 30 90 Aug. 9 Aug. 24 Apr. 18 16 5 73 4454 Jan. 80 2 June 8 8% Mar. 28 79 12% Sale 2 2% 354 Sale Sale 14 June 24 Mar. 30 42 40 74 Sale Sale Jan. 90 162 119 Nov. 12 135* 79% 5% 28% 17% 7 26 16 Jan. 2% Sept. 1 24% July 26 28 12% Jan. 42% Jan. 135* Sale 160 Sale 25 1 31 25 30 9% Dec. 5 13% Mar. 31 5 100 10,350 Wahl Co com 43,398 Walgreen Co com 3,750 Ward (Montgom) Ac Co cl A Common 21,782 235 Sale 12% 73,000 Utah Radio Products com. 22,550 Utility Ac Ind Corp com 5 Convertible preferred 23,860 7 1,200 Viking Pump Co common...* 50 Sale 71 5 20 U S Gypsum Co common 1 ""5% Union Carbide & Carbon cap* United 4% Sale 68% 58 11 15* 35* 285* 19% 21% 15* 785* 155* 2 Sale Sale 95* 103 1% Sale 10 . 34,684 3% 2 common Swift Internaclonal 10 Sale 15 St Joseph Lead capital - Sale 1 ... 13,754 25,910 14,580 9,685 4,472 * 26% 25* 195* 245* 95* 735* Slgnode Steel Strap Co pf.30 Common * Serrick Corp cl B com 13.780 Stewart-Warner Corp com..5 4,300 Storkllne Pur com .10 13,850 Sunstrand Mach Tool com..5 91,060 Swift Ac Co cap stk 25 690 700 55% — 550 — 54 1.020 StJln & Co (A) common 2.800 Sterling Brewers Inc com 4",245 mm Sears Roebuck Ac Co com... . 282 — 13 1,140 St Louis Nat Stockyards cap * 17,600 Standard Dredge conv pref20 33,450 Common... 1 3,955 Standard Gas & Elec com.. 9,969 Stand Oil of Ind capital 25 850 mm 11 Southw G&E Co 7% pref. 100 420 Southwestern Lt & Pow pfd ...... mm 26 1,441 Spiegel Inc 64 925 20% * com.. 1,440 120 2,740 6,340 3,015 ........—1 - Sale Sangamo Electric Co com.. Schwitzer Cummins capital-1 500 Sou Colo Power A common.25 150 ♦ Common 800 Ross Gear & Tool 20 900 350 1 5% Nov. 14 55* Nov. 14 Wisconsin Bankahares— 582 «. 300 550 13,350 * Common 20,900 Woodall Indust - — 2 No par value, 3 35* - 14,127 216.120 com Wrlgley (Wm Jr) Co capital.* 6.600 Yates-Ame* Mach cap 5 - Yellow 13 5* com t Formerly the Cord Corp. 154 9 Cab Co Inc (Chic) 7enlth Wad In Core a IH 105* Sale 15* 85* 205* 1% „ 95* Sale 4% Sale 5% Sale 78% Sale 1% 2 9 17% 10 Sale 454 Jan. Jan. 24 77% Jan. 154 Jan. 10 5 5 28 Jan. 13 1554 Jan. 26 Includes 528,300 Commonwealth Edison rights traded during month, Mar. 26 2% July 125* Jan. 5 12 9% May 27 25% July 7 1% Dec. 8 x Ex-dividend. 8 RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales 1939 January Shares. 1938 63,908 Bond Sales 1938 AGGREGATE SALES In 858,504 BALTIMORE STOCK EXCHANGE Shares PRICES IN BONDS Jan. 3 1938 BALTIMORE CITY BONDS— Bid. Ask """400 1937 $1,961,150 JANUARY Jan. 31 Ask Bid Bid Ask 100 34« Public Impt... 1940 City 33*8 Four Million...1945 """400 RANGE Lowest Highest Sale Prices Sale Prices 101 108 3* Jan.27 1083* Jan. YEAR 1938 1954 300 City 2.000 City 2.300 City 1.100 City 120)* July May 1205* June 1203* May 1245* May 118 May 116 3* Jan. 122 May 1955 4s School House 120 1955 coup .1957 4s Conduit 1958 4s Water Serial 1958 4s Dock Impt .1961 100 City 4s Jones Falls 100 City 4s school house 10 101 Jan. 10 May 24 114 May 24 1163* May 24 116)* May 24 1163* May 24 119)* May 24 1951 4s Public Park Jan Sale Prices 114 ..1951 48 Paving 4s Annex I Highest Prices 27 > 4s Annex Impt 1,000 City 4s 3d Water 1961 25 24 22 24 24 122 Dec 120 May June May May May May May 24 22 24 24 25 24 24 3 1205* 1203* 1245* 4 124 5* 26 122)* 24 122 7 1961 117 5.500 City 4s Sewerage impt 1961 2.200 3H« New Sewerage Imp..1980 11,400 Atlantic Coast Lln^ 5% ctfs.. 1,030.050 Bait Transit Co 4s flat.. 1975 118 Oct. Jan. 3 117 Oct. 17 1263* June 112 Jan. 85 Apr. 17 1175* June 10 Feb. 17 29 91 15 Mar. 29 267,450 22,500 68,200 7,500 A 5s flat 1975 B 5s lb", 000 87,500 4% 3.000 Fla Southern RR 4% 2.000 Interstate Co 4)*% 3.000 5% 3,000 5%. 3.000 5%. 3.000 5%. 1,000 4,000 2,000 794 23 Sale 20 Sale 253* 843* Sale Sale 225* Jan. 3 84 3* Jan. 10 965* 99 17,591 1st Preferred Black At Decker t 101 1005* 101 963* 97 102 99)* .1945 995* 995* 995* 995* 995* 1013* .1948 .1949 1015* IIIII 15)* 11A t c 16 Sale' Sale 993* 993* com 168 139 Class B 25 18 78 85 Feb. 24 25 101 Oct. 25 96 Jan. 12 101 Jan. 17 Guilford 135 3", 340 12 96 5* 92 Feb. Apr. 18 June 24 June 24 Sept. 10 99)* Sept. 10 Sale 101 Jan. 31 101 Jan. 31 Sale 101 Jan. 31 101 Jan. 31 101 101 ■ -■ 5,068 212 101 5",862 390 65 Sale 114 Sale -If" 92 Sale 203* Sale Sale 1.50 20 J* 25 Sale Sale Sale Sale 70c 1.75 Sale ----- common ft. 205* Jan, 3 25 Jan. 31 35c Jan. 4 225* Jan. 31)* Jan. 2( 65c Jan. 1st preferred .100 60 Mercantile Trust Co 216 548 Mt Vern-Wood) 16 73 70 1153* 72 3* Sale 1165* Sale Sale 53* 12)* 119 55* 143* Sale 4 3 10ft 14 119 95* 32 35 32 3* 10)* 103* 113* 103* 3 2.10 Jan. 21 3* Mar. 223* Jan. 5 Jan, 19 95* Mar. 143* Dec 71 Jan. 4 19 19 19 3 117 Sale 120 117 Jan. 9 323* Jan. 103* Jan. 25 333* 113* Jan. 725* Jan. 26 23 13 4 85* 53* 14)* 122 3* 353* 103* Jan. 12 Jan. Jan. 50 1,500 111 Preferred 2 Jan. Jan. Jan. Jan. 5 17 195* 175* Sale com Pref. 8 7 50 288 138,704 862 Western 20 par value, com... 5% preferred I1 S Fidelity x Ac National Ex-dividend. 68 11 101 22 101 16 993* 27 99V* 23 993* 20 995* Oct. 11 Nov. 2 Feb. 16 Jan. 27 Feb. 23 1 lee. Feb. Bank Dec 11 25* 23* Sale Sale 1.40 Sale 1.0J 1.00 355* Sale 1.15 Sale 315* Sale 13 25 2.00 Jan. 25 28 195* Jan. "5 30 83* Jan. 16 14 Sale Sale 25 1.00 Jan. 30 9)* Mar. 9 Sept. MayA* May 42 113* Mar. 20 1 23* 243* 23 3* 93 3* 73)* 117 Jan. 15 29 6 Apr. 14 Nov. 10 Jan. 14 June 24 July 25 Dec 6 95* Oct. July 20 W* 20 Oct. 1193* Dec S5H Jan. Oct. 13 8 17 8 13 93* Mar 11 9 Sept. 14 23* Oct. 24 50 Oct. 24 203* Dec 14 93c Dec June 6 10 Oct. 7 Oct. 21 31 1.40 Jan. 24 Jan. 8 Sale 25 15)* 25)* 48 54 35 253* Jan. Jan. 26 Jan. 9 39 "loM Sale" •i H 935* )* i% 97 Sale 42 11)* 12 1.15 Sale ----- 13 3* 1.20 Sale 833* Sale Sale 4 353* Jan. 42 3* Jan. 113* Jan. 28 1.15 16 12 Jan. 3 833* Jan. 31 1 Jan. 16 Jan. 25 3* Jan. 1.00 Jan. 37 Jan. 42 3* Jan. r143* Jan. 1.25 Jan. 84 3* Jan. Dec 183* Sept. 13* Dec. 355* Jan. 4 230 13 25 1.00 Jan. 34 Dec 1.40 Jan. 1.00 Jan. 273* Jan. 224 15 )* 24 30 214 5 10 3 Oct. Mar. 21 4 4 16 26 12 Apr. 13* Apr. June 35 40 Oct. 73* Mar. June 833* 72 June Jan. 6 25c Jan. 27 20c Dec 73 753* 19 20c 82)* Jan. 4 75 Jan. 14 111)* 68 593* Apr 1123* Oct 25* Dec 66 Apr. 64 10 20 Mar. 755* Mar. 27 H June 9 5* May- * 2 Apr. Sept. 213* Dec 303* Dee May 135* Jan. 38)* Jan. 135* 50 Guar^._. Mar. 19 173* Jan. 73* Jan. 100 393 Seaboard Comm'l 100 June 18 11 Real Estate Trust Co.....100 25,669 101)* Nov. 26 963* Nov. 17 Apr. * 800 Phillips Packing Co 274 19 923* 555* 1123* 7K 6 2.00 Jan. 15)* 30 38,587 New Amsterdam Casualty..2 54,780 North Amer Oil Co com.. 1,357 Northern Centra) Ry._, 10 8,500 Owlngs Mills Distillery 1 • 3,791 Penna Water At Power com 900 3* Apr. 26 Jan. Jan. Jan. Jan. Mills Com 100 214 National Marine Bank 45 9.408 June 17 1.50 Jan. 1153* 63* 43* 125* 5 50 Preferred 1,762 12)* Mar. 21 .* 6,043 Merch Ac Miners Transp. * 4,860 Monon W Penn PS 7% pref 25 293 Mar. Feb. Jan. Feb. Dec. 175* Jan. 22 36 100 ... 2,072 993* 993* 993* 99 3* 99 3* 995* 1 102 ..100 Second preferred.......100 2,100 111,893 Mar Tei Oil 1 Common class A 29,580 5,280 Martin (Glenn L) Co com 1 Rights w i 2,661 ' Oct. 101 101 1 com Preferred 45,465 Houston Oil preferred 883 Mfrs Finance 15 30 5 Realty Co Oct. 1 Jan. 84 Ga Sou & Fla Ry 1st pref.100 410 128 ' Mar. Jan. 985* 101 __... 1 17,304 Eastern Sugar Assoc com 1 Preferred 7,070 ...1 6,081 Fidelity At Deposit 20 3,735 Fidelity At Guar Fire Corp.10 1,967 Finance Co of Am class A... 5 781 153* Mar. 31 23 5* Jan. 27 Jan. 15 20 ----- 846 Brager Elsenberg Inc com..50 864 21 Jan. 101 31 35c 21)* 55 Comm'l Credit 4)*% pref.100 10,483 Con sol Gas £ L At Power... H preferred.. 3.865 .100 1,484 Davison Chemical Co Jan. Jan. 86 19 common 20 271 24 3* 27 )* pax 972 274 429 101 7' 68 98)* 100 STOCKS Jan. 3 101 .1950 11,373 2,622 538 Sale 225* 823* .1944 39,602 \rundel Corporation 1,973 Atlantic Coast L (Conn) 50 8,314 Bait Transit Co com ▼ t c__ 110 20 Sale 1947 5%, Shares 4,210 Sale 25 1945 .1941 2.000 .1951 5% 21,000 Rend Drug Ar Chem 5^8.1945 Shares 23 1975 4.000 Benesch&Sons Co Inc 6% 1939 109,500 Finance Co of Amer 4% ..1942 31,500 No FOR Lowest Sale City 4s 2d Water Serial.. 1947 400 City 1,700 City 2,500 City 600 City 202.000 1938 $1,594,700 Jan. 1 to Dec. 31 Jan. 3 1938 Shares $100,700 Price 12 Months January $324,600 __ 1937 594,502 Jan. 1 to Dec. 31 1938 1939 January 65,276 13)* 323* Sale' 34 19)* Sale 213* 31 Sale 31 Sale 30 19 31 Jan. 12 Jan. 3 25 13 5* Jan. 3* Jan. 225* Jan. 38 31 Tan. 30 25 19 3 Mar. 123* 343* 83* 29 3* June 7 8 23* Jan. 35 3* Dec 20 2% Dec. 29 220 17 June 18 Dec 12 263* Dec 3 Jan. 473* Jan. 2 11 27 44 3* May 125* Oct. 17 15 15* Jan. 945* Jan. 21 75* Jan Jan. 112)* Oct. 7 3 10 18 4 July 5 72 Jan. 21 64 Mar 7 13 3* Oct. 21 Nov. 1 Aug. 38 Mar. 203* Dec Sent. 33 Jan. 28 7 Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales 1939 January.— 1938 616,234 436,130 Shares. 1938 Jan. 1 to Dec. 31 In PRICES IN 157,000 56,400 East Mass StRR Shares 4%t 1948 1948 Series D 6s 1948 Shares 155 set A Scries B As Series C 6s 13",900 649 55 Bid Ask 60 62% 80 par * "78"" III" 881 870 130 11,417 50 1,745 3,571 1,370 1,188 175 """247 Amer 6% Amer Telep Ar Teles... 2,406 Common 223 236 10 8 240 205 666 140 13,120 1.439 1,650 20,217 1,107 250 585 1,862 1,015 685 488 335 97 2,587 10 80 1,735 55 """121 291 1,418 101 100 1st pref class E Boston Personal Boston Ac 73l loM 3 X 3 594 2,254 46 1,947 40,475 5 632 27 100 573 5,009 3% H_* First preferred... Preferred B 70c 3 "I Class B 35 5t>l * Central.......... 14,150 N T N H At Hartford 110,344 North Butte...... 191 Co 25 Assn T C 62,369 Stone & Webster Inc 2,182 Suburban Elec cap stk. Secur com..* (The; Corp...52 Preferred 25 79,264 Utah Metal At Tunnel. _.l 714 Venezuela Holding Corp 1 300 Venezuelan-Mex Oil Corp..10 1.107 Vermont Ac Mass Ry Co...100 7,539 Waldtrf System Inc.._.._.* 15,609 Warren Pror. • 808 Warren (S.D.) ft Co com • 90 91 Jan. 9 94 Jan.11 55 Apr. 1 94 Dec. 6 40c Jan. 24 32c Mar. 23 80c Feb. 21 Jan. Jan. 18 99c Dec. 16 2 16 11 Mar. 29 16 June 32c 1% 60c 10 12 149% 1% 24% 1% Sale 40c 1% 12 153% Sale 17 % Jan. 11 Jan. 32c 149% Jan. % Jan. 24% Jan. 1% 13% 3 157% 14 1% Jan. Jan. 21 23 26 Jan. 19 17 Jan. 12 80 Jan. 4 62 Sept.30 Jan. 6 82% Jan. 3 87% Jan. 19 60 Mar. 31 108% Jan. 14 19 108 Apr. 134 1% 13 "25" Jan. 1 12 60c Sale 9 3 130 52 X 18 73 78 Sale 87 Sale Sale 82% 23% 80 75 25% 133 Sale xl27 Sale 52 24 54% Jan. 9 Sale 17% Jan. % Jan. 28 19 Jan. 16 17 1 Jan. 11 2% Jan. 3 2% Jan. 4 53 Sale 1 52% 17% 50c Sale 2 6% 2% Sale % 6% Sale 2 Sale" 2% Sale IX 2X Sale" "16"" ll" Sale" 22% 1% 8% Sale 1 % Sale 1 1% 1% 1% 1% 1% 1% 1% 1% 1% 11% 21% 1% 6% . .... 5% 5% 10c Sale 10% 1% 3* 15 16% 1% 68% 67 20% 3% i§* Sale 4 Sale 24 17 Sale 14 22 2 1% 6% 7% 10 9 75 1 2% 1% 6% Jan. Jan. 9 136 Jan. May 27 110% Mar. 30 150% Dec. 31 % June 1 1% Apr. 18 47% Oct. 13% Mar. % Dec. % Dec. 1% Dec. % Dec. 6% 7 Sale Jan. 26 8 Jan. 6 4 Dec. Jan. Jan. Jan. Jan. 16 1 Sept. 28 6 1 Mar. 16 4 3 1% Doc. 19 1 Sept. 28 1% Dec. 21 27 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4 Jan. 2% 2% 2% 1% 2% 1% 2% 21 16 11 16 16 9 27 3 1 Dec. Sale 11 Jan. 12 12 20 Jan. 11 23 Jan. 1 % Jan. 6% Jan. 27 1% Nov. 21 8% Apr. 5 Jan. Sale 1% 7% 5 Jan. 16 4% Jan. 75c 25 20c 13 30c Dec. Sale Jan. 1% Jan. 31 Sale 1% Jan. 20% Jan. 9% Jan. 12 25 Jan. 12 1 Jan. 11 12% Jan. 1% Jan. 60 Sale 11% 1% 3 27c Oct. 24 4% May 21 15c Dec. 11 1 Dec. 9 5 17 Dec. 20 4 9 Dec. 20 % July 13% Apr. 3% Apr. 15 18 Jan. 31 67 Jan. 4 15% Jan. 3% Jan. 4% Jan. 24 23 3 14 18 18 10 31 20% Jan. 3% Jan. 5% Jan. 24 20 Jan. 23 20 Jan. 23 13 Sent. 28 Sale 14 Jan. 14 15% Jan. 31 12 Feb. 21% 20 Jan. 26 24 Jan. 3 29% Jan. 30 30% Jan. 23 15% Apr. 23% Apr. 1 31 21 16 3% Sale 1 % Jan. 5% Jan. 6% Jan. 1 % Jan. 1% Sale 26 3 1% Oct. 2% Apr. 16 1 % Jan. 16 5c Oct. 1 % July 17 7 Jan. 31 4% May 8 30 12 Jan. 1 18 67 Dec. 30 20 Dec. 29 4% Dec. 6% June 13 30 Jan. 15% Nov. 21% Dec. 34 Nov. 5c Jan. 3 1% Jan. 21 1 21 Jan. 17 19 Mar. 31 40 30c 50c 30c 40c 25c Jan. 13 27c Jan. 21 20c Sept.29 60c 25c 35c 25c Sale 20c Jan. 27 25c Jan. 31 20c Apr. 1 % 13% 4% 13% Jan. Jan. Jan. Jan. 12 2% Jan. 13% Jan. 20 Sale 15% 6 2 2 Sale" 10c 50c Sale 3% 12%<: 1% 4 22% 3% 25c 1% "1% 106% 10 IvH 42c 2% 14% Sale 7 "2% Sale 3% 15 20% Sale 2% 2% 19 23% 2% 9% 10 91c 21% 4 % 1 1% 14 5% Sale 2% 3 11 5 Jan. 5 28 18 Jan. 14 3 2 Jan. 3 ""!% 17 107 Sale Jan. 25 3% Jan. 4 1 % Jan. Jan. 13 21 Sale 3 2% 90c Sale 69c 15 105 Jan. 55 .Jan. Dec. 20 81 Mar. 31 Jan. 25 55 1% % Jan. Sale 3 57 1% Jan. xly° Sale 1% "l\ 51 26% Sale Dec. 30c Dec. 16 20c Dec. 30 14% Jan. 24% Jan. 3 9% 13 % 1% 12% 1 % 35c 20 Jan. 24 18% Jan. 2% Jan. 26 24 3 Jan. 9 Jan. 17 16 Jan. 17 1 % Jan. 27 11 9% Jan. 13% Jan. 28 47% 41 25 26 24% 24 21% 11c 23 Sale 3 16 90c 81c Jan. 13 46 45% Jan. 12 Jan. 13 1% Jan. 10% Jan. 17% Jan. 86c Jan. 45% Jan. 25% Jan. 21% Jan. x78% Jan. 41% Jan. 28 23 Jan. 1 % Jan. 17 2 10 Sale Sale Sale 80 Sale 43 42 Sale 70c Sale 2% 65c 2 6 107 7% Sale 3% 3% 23 67% 6% 3% 22 5 4 6 70 Sale 4 68% 6% 3% 22% 70c 2% 65c 16 Mar. 30 May 3 June 2 Sept. 22 Dec. 6 8 May 31 5% Mar. 29 50c Aug. 3 12 32 Nov. 6 17 Apr. 7 3% Jan. 60c May 19% July 24% Nov. 4% Oct. 20 12 Jan. 24 5 27 7 19 10^ 17 7 2% Feb. 17 12% Oct. 26 17% Dec. 29 91c Jan. 18 46% Dec. 7 28% Oct. 24 18 Nov. 16 25c Feb. Jan. 5 15 Apr. 25 26 Nov. 17 30 85% Jan. 3 50 Mar. 29 87 12 43 Jan. 5 47 23 74c Jan. Jan. 10 38% Jan 55c Mar. 30 40c Sept. 14 Dec. 17 Dec. 21 11 6 7%-f Sale Sale 26 69% Jan. 6% Jan. 12 70 Jan. 10 31 7 Jan. 16 Jan. 26 3% Jan. 16 3 • Dec. 31 11c 22% 85% 42% 1% 24 26 3 11c 90c 1% 16 2 71% Sale 38% Sale Sale Jan. 70c 9 12 80c 5 3 17 12% 1 Oct. Jan. 11% 20% 2% Sale 60 1% Jan. Jan. 24c Sale 1 9 30 80c 17 20 3 Jan, 9 10% 21 Dec. June Jan. 9 2% Jan. Dec. 54 54 - Feb. 21 1 26 2% Jan. 18 23 Feb. 23 109% July 25 Mar. 18 57 Jan. 2% Aug. 26 Jan. 11 28 July 21 6 July 2515c Feb. 5 10 30 Jan. 6 27 15 68 26 Jan. 26- 26c 25c 4 • Feb. 23 5 J an. 90c 3% July 8 7 14 Sept. 21 Nov. Jan. 51c 80c 40 4 28 57 24c 1% 9% 14% June 27 % Jan. 55c 29c 2 18% Mar. 30 3% Oct. 29 Jan. 80c 1% Jan. 18% Jan. 25c 15 22 Dec. 30 1 50c 3% 17% Jan. 10 1 3 9 10 24c 15 4% Sept. 13 11 Sept.14 1% Mar. 22 13 60c 14% Sale 24% Sale 18 7 3 Jan. 2 7 Jan. 17 110 19 9 11 2 Aug. July % Jan. 10 Tune 21 5% Aug. 11 6 22% Jan. 4% Jan. 5 58 55 1 4 28 15% Sept. % June 5c 2% 18% Sale Dec. 8c 50c 5c Sale Sale Jan. 2 25 20c 30c 14 10c 55 55 4% Sale 3% 5 4% 13% 1% Sale 55 1 Sale' Sale 13% 5c 13 "99% Sale" 17 20 '3* 22 — Oct. ' 1 31 16 17 7 14 1 % Dec. 88% Dec. 21 11 Feb. 28 • 25 19 ■ 5 52 May 14 30% Jan. 21 2% Dec. 7 5% Dec. 18 26 4% July 25 3 % July 7 4% July 22 3% July 20« 4 July 7 3 Feb. 3 5% July 7 3% Feb. 25 1% Nov. 21 1 % Nov. 21 13% Nov. 10' 75 Jan. 6 1 % Dec. 2 10% Oct. 17 75c June 1. 73 May 31 7% Jan. U 70c Feb. 24 3 Jan. 3 Jan. 22 24 20 31 Jan. Oct. « 5 4% July 22 2% Feb. 25 20 25c 100 18 Jan. 27c 75c 50c 1% 1 5% Jan. Sale 5 1 July 20 5% Mar. 30 % Sept.10 1% Jan. 8% Jan. 2% Jan. 6% 7% 1% 19% "23"" 8 7% 19 20 1% Dec. 22 9* July 29 58% May 10 20% Jan. 13 45c 5 25c 21 94 3% 25% "13% "18" 1 29 29% Nov. 1% 20% 2 28c 45c 18 — 1% 27 17 1 % May 5 1 % Nov. 21 17 2 28 1% Jan. 1% Jan. Sale 15% 20% 3 31 2 2% 14 18 1 1% 1% 1% 1% 2% 2% 60 .3% 4% 9 6 Sale Nov. 16- 29 1% 20 — 1% 5% 1% 30 5c 5c — 4% 12% Sale 35 r' 2.080 Union Copper Ld Ac Min Co 25 3,474 Union Twist Drill A 45,045 United Shoe Mach Ex-div,dend. Dec. 31 88% 22 1.100 8,790 Old Colony........ jfg 3,619 Certificates of depositll 3,629 Old Dominion Co...... .25 7.554 Pacific Mills. .IlOO 50,330 Pennsylvania RR....™ 59 t 88 Sale 24 190 2.5* 79 Northern RR (N H) No par value, 1 32% ctfs"""l . Dec. 28 Apr. 24 11% 15% ^ 1,816 Reece Button Hole Mach.. 19 1,488 Recce Folding Mach Co... 19 30.474 Shawmut 432 83 50 7 27c 20 . 850 N E Gas Ac El Assn pref. * 29,320 New England Tel At Tel..Il99 156 New River Co com 100 463 6% cum preferred IIIlOO 5,159 Mar. 31 23 Jan. 75c Sale 2% * Preferred 5% 100 14,196 Mass Util Associates v t cl__» 3,000 Mayflower-Old Col Copper_25 12,307 Mergentna er Linotype _• 87,790 Narragansett Rac'g Assn Incl 2.914 Nat Service Co......... 1 4,545 National Tunnel Ac Mines"* 200 49 Jan. 94 25c 25 6 18,992 5,682 1,235 3,145 3 87 7 1 2 Preferred rrington Co Jan. 12 Jan. 27% 20 joo .... 1 84 Jan. 94 50 90c Button Hole Mach Co. 10 23,436 10 83 Sale 49% 26% us 20,102 Isle Royal Copper 15 642 Loew'sTheatres (Boston)..25 3.839 Maine 50 81% Jan. 85 82 65 35c 3,208 General Capital Corp • 65 Georgian Inc (The) * 2,698 Class A preferred..II"~~20 4,458 Gilchrist Co » 16,860 Gillette Safety Razor Col" L* 2,054 Hathaway Bakeries cl A. 1,470 83 25c "% Economy Grocery StorisI"* 17,558 Employers' Group Assoc T C* 2d "rflvrr Sale 4% Sale iqa 9.440 Adjustment...... 22,414 ■astern SS Lines, Inc. 726 Preferred QuincylMinlng Highest Sale Prices 95 .... 7 com 6% Cum preferred..... 100 last Mass St Ry Co 199 tr Lowest Sale Prices 91 1% 25 Cum Prior pref...100 474 -8- 3 25 Eastern Gas At Fuel Assn 436 Highest Sale Prices 82 Sale 84 .... V* ~_25 417 949 ""l95 1938 Lowest Ask 100 245 1,616 6,472 1,180 Sale common. ....... 829 Sale" 3X . """l66 YEAR 82% 2% 3% Sale 80 3,360 Helvetia Oil Co 75 Int'l 2,275 FOR Sale Prices Jan. 31 3 Ask Bid Bid 50c 70 700 90 Sale 2% Providence....1199 118 1,364 Sale 19 12 988 233 48% 10 6,350 110 Sale * Brown Ac Durrel Co Calumet Ac Hacla Cliff Mining Co 28,964 2,140 6,278 14,743 II,178 19,192 8,663 3,771 Sale 100 Prop Tr 26 """635 121 Class A 1st pref stampedlOO 55 Conn & Pas Riv pref Copper Range Co East Boston Co.... " 2,230 100 94 92% 1st preferred class A....100 Class B 1st pref stamped 190 1st preferred class B 100 Class C 1st pref stamped 190 1st pref class C 100 Class D 1st pref stampedlOO 1st pref class D ...100 Class E 1st pref std 100 2,239 1,351 2 19% Sale 85 100 Prior pref . 1,781 25 493 (stamped) Preferred 523 59 -.100 787 Boston & Maine pref stpd.lOt 160 Common (unstamped) 100 100 80c 1% 12 % 143 % Blgeiow-Sanford Carp com..4 952 6% cum pref lOfc 18,987 Boston Ac Albany..... 190 30,184 Boston Edison Co 100 17,116 Boston Elevated __100 13,349 Boston Herald Traveler Corp* 482 130 55c 50 50 non-cum Assoc Gas & EI Co class A__ i 16,635 13,152 2,155 7,051 2,217 Pneumatic Service preferred First preferred 55 "2",489 RANGE 88% 72% 1948 STOCKS 10,942 7,271 I,346 152,044 3,694 Jan. 1938 Par 1,200 7,050 JANUARY $483,350 Price BONDS Shares 28,000 15,300 1937 $220,300 Jan. 3 1938 Shares 1938 $12,850 1938 Jan. 1 to Dec. 31. 6,606,434 BOSTON STOCK EXCHANGE 12 Months January 1939 $51,550 - 1937 5,378,492 AGGREGATE SALES Bond Sales January Oct. 27 1% Jan. 10 2% Dec. 31 7% Nov. 23 56% June 9 103 8% 5% Mar. 30 4% 1% Mar. 31 26 19 Sept. 1 Jan. 7 Jan. July July 6 15 • * If Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE 1939 s January. Shares. 1938 94,605 1938 Jan. 1 to Dec. 31 In 1 Jan. 1 to Dec. 31 2,541,098 PITTSBURGH STOCK EXCHANGE 1938 PRICES IN $ JANUARY RANGE FOR YEAR 1938 12 Months January 1 January. 1937 1,373,537 AGGREGATE SALES Bond Sales 123,106 BONDS Lowest Par Pittsburgh Brewing 6s Shares STOCKS Shares 1,047 353 Preferred 2,169 Arkansas 1.686 16,631 24,544 3,598 111,009 Ask 108% Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 07 _____ * 11% Mar. 31 100 Nat Gas -Clt'5 Corp Preferred Armstrong Cork Co... Blaw-Knox Co • * Byers (AM) * Carnegie Metala 1 <8? ¥< . 55 451 Copperweld Steel 462 Crandall McKSc Hend_. 150 10 • 6,415 Devonian Oil 27,675 Duquesne Brewing 1,221 135 10 5 988 Electric Products........ * 5,754 Follansbee Bros pref 100 36,580 Fort Pitt Brewing 1 371 5,010 10 24% Jan. 6 7 19 19% 12% Sale 18 12% 9 18% 12% 6 10 8 70c 10 75c ..... 17% Sale 11% 13% 6 '"8% "16% 90c Sale 9% 90c 95c 760 Pittsburgh Coal Co 6% preferred 28.944 Victor Brewing Co 620 Waverly OH Works A 40,466 Wastlnghouse Air Brake 13,272 Westghouse El 8c Mfg 1 * * SO UNLISTED. Lone Star Gas PennroodCorpr tc * He par value. x Ex-dividend, pref.lto .... 1 Jan. 18 Jan. 14 24 8 /\pr. 16 10 7 6 Dec. 29 4 13% Jan. 6% Jan. 11% Jan. 5 Jah. 9% Jan. 5 Mar. 26 20 Feb. 8 10 31 25 10 8 21 17 30 29 4 8 7 95c 90c Jan. 3 14 26 90c 14 19 7 18 Jan. 3 29% Jan. 11% Jan. 14 26 June 14 Jan. 29 16% Sept. 28 70c 15 15% Mar. 30 11% Jan. 22 Nov. Dec. 14 Jan. 9% Mar. Oct. 1 18 2 22 July 20 32% July 28 12% Apr. 28 9 107 28 40 Nov. 21 Nov. Feb. 9 3 Jan. 24 Jan. 15 July 26 Feb. 18 Oct. 25 Jan. 12 Nov. 12 Mar. 9 25 5c Jan. 10 7c Jan. Mar. 31 3 Jan. 12 3 19% Mar. 30 30 2c May 13 Feb. 2 5 20 1 Dec. 24 Dec. 27 4% Mar. 25 1 July 22 56 ■«pr. 2 4% May 27 9 5% Dec. 40 Aug. 9 15% Mar. 30 6% 24% 11% 1% 114% 9% Jan. 14 Apr. 1 Dec. 16 70 Sept. 28 6% Mar. 25 24 5 22 50c Mar. 31 Aug. 25 2 25 3 17 14 Nov, 25 9 lc 40 18 16 Oct. Dec. Sept. 23 8 11 Jan. 6 July Nov. Apr. Oct. Jan. Oct. Nov. 25% July 1 % Jan. 2 22 Jan. 45 60c ..100 1,519 6% Preferred .......10 1,654 Standard Steel Spring ...» 9,517 United Engine 8c Fdy... 5 3,552 United States Glass... .1 738 Voting trust certificates. _1 3,145 Vanadium Alloy Steel • 7 18 5c 100 ... Jan. 5 Mar, 30 Jan. Dec. Dec. July Nov. Jan. July Oct. Dec. 25c Aug. 2% Jan. 30% Aug. 7% Oct. 20 Feb. 26% Jan. 24 37 Preferred 100 3,974 Plymouth Oil Co 5 11,560 Renner Co 1 3.544 Reymer 8c Bros common » 353 Ruud Mfg ..............5 50,193 San Toy Mining .....1 35.781 Shamrock Oil A Gas...... 1 105 Mar. 30 Mar. 30 Dec. 21 4 7% 58% 19% 15% 1 % 7% 9% 72% 6 13 Jan. 15 3,546 Pittsburgh Forglngs ___1 1,721 Pittsburgh Oil Ac Gau .....5 8.050 Pittsburgh Plato Glass. 25 22.658 Pitts Screw A Bolt Corp.... • 3,568 Pittsburgh Steel Foundry..* ' 29% Nov. 12 Sept. 8 4 50% Apr. 73% 2 105 68% Dec 6% Mar. 31 10% 50c Nov. 30 1% 27% Mar. 30 44 Dec. 27 6% 1% Mar. 28 3% May 18 1% coml.100 Preferred Mar. 3!. Mar. 29 72% Dec. 30 25c Aug, 29 1% Dec. 23 in7 70,103 bone Star Gas • 19.725 McKinney Manufacturing..* 3,596 vi est a Machine 6 76,018 Mountain Fuel Supply .10 39,871 Nat FireproofInd Corp com.5 411 Penn Federal Corp common.* 100 4%% Preferred..... 50 44,210 Phoenix Oil com.........25c 5,500 Preferred .........I 4,907 Pittsburg Brewing 4,083 200 Mar 110 6 31 7 29% Jan. 11% Jan. 372 Jones & Laughlf n St'l pref 100 8,893 Koopers Oas It Coke pref. 100 15 Oct. 17% Jan. 11% Jan. 6 10% 843 tfarb-Walker Refrac com. * 225 Home (Jos) common 100 10 Preferred 100 211 Jeannette Glass preferred 100 35 Feb. 2% 4% 24% 10% 10 17,004 Clark (D L) Candy. • 39,414 Columbia Gas St Electric. * 100 6% preferred 100 760 Consolidated Ice common._ * 2,230 Preferred * 825 Mar. 10 111 par 12,534 Allegheny Ludlum Steel... 40 Bid 1W 4 24 25 10 Oct. 29 14% Jan. 20 3c 4 June 30 12 Mar. 16 Jan. 7% June 25 Oct. 5 39% Oct. 1% Jan. 14 14 35c 25 35c 1% 27 107% -___ 40c -- Sale Sale Dec. 1 Oct. 1 25 Sept. 26 45 Jan. 25c Dec. Dec. 65c Feb. 7 15 27 28 7 15% Mar. 31 62% Mar. 31 2% June 30 33 Nov. 9 i. Exchange Detroit Stock MONTHLY AND YEARLY RECORD DETROIT STOCK EXCHANGE RANGE OF PRICES ON 1939 1938 301,729 Shares_ Jan. 3 12 Months 1938 STOCKS 7,337 Bid 1 % Sale 134 36c 7X 40c 7 5 14,110 Bower Roller Bearing * 112,208 Brlggs Mfd Co common.. 1 39,826 Brown-McLaren Mfg Co .♦ 37,826 Burroughs Adding Mach 12Hc 70,854 Burry Biscuit Corp 16 . . 700 Capital City Products. 1,125 Casco Products Corp.. 7 X 734 20 31X 1% ... 234 2 34 134 1,365 154,174 17,430 18,205 14,116 2,402 1,213 842 1,030 5,952 25 X Sale IX 18 X 3 200 305 IX 17 X 2X 5 ......5 ...6 Paper com...10 Strip Co common 48 34 14 Consumers Steel Prod 581 1,800 1,762 1,600 134 334 Crowley, Milner & Co com..* 3X 980 2,130 3 100 Detroit Paper Products... 685 Federal Screw Works 3,662 1,348 1,500 1,374 668 " 7 ,660 2,640 18,358 3,910 1,700 3,267 400 4,16. 381 3,85. 32,938 2,489 ... 534 2634 334 29 34 3 134 34 * 6,260 18,861 5,419 14,780 43,192 83,165 15,670 15,962 1,45. 1,671 134 134 2,334 650 X 8v3 127 8,419 4,049 1,318 1 ,o31 6,125 77t 394 1,35i 1,545 1,15, 3,065 5,147 445 21 1,30 Moore (Tom) Distillery Co._1 Motor Wheel 5 com. 133,702 58,251 Parka Davis ik Co 24,251 108,351 38,146 14,483 33,979 29,970 27,914 7,148 • . Proof 11,011 Parker Rum » com 2.50 com Parker Wolverine Co com 336 * Investing Corp. 1 iteo Motor com. common.2 River Raisin Paper com. ...* Tlmken Axle . . 3,108 United Specialties Class B com....... 61. 112 Jan. 3 Jan. 80c 96c 3 118 99c 17 Jan. Jan. 2X Dec. 28 2 . 6 Jan. 4 24 234 Jan. 3 IX Jan. 11 IX Jan. 5 8 10 19 11 11 3 2 13 X IX 10 9 2 24 31 17 Dec. 13 Nov. Nov. Feb. June Dec. Jan. 1534 Nov. 1134 Mar. 23 134 Jan. 60c Dec. 7 77 Mar 30 11434 Nov. 234 July 134 Mar. 29 334 Jan. 1X May 27 334 July IX June 1 16 Jan. 10 May 31 Aug. 1534 Mar. 26 30 5 21 1X Jan. Mar. 28 13 IX Jan. IX Jan. 1X Jan. Sale 2 8 8834 1534 134 334 4 34 16X 12 J* Aug. 26 70c May 27 1 May 5 17 X 115 2234 Aug. 26 5 Mar. 7 Oct. June 29 Mar. 31 36 20 10 5 5X 30 14X 9X ----- JX 32 * Jan. 13 5 5X Jan. 6 Apr. 2 234 Mar. 29 2334 Dec. 28 Jan. Jan. Jan. Jan. Jan. Jan. 10 >1 Jan. 5X Jan. 27X Jan. 26 23 X Jan. 5 9 Mar. 29 10 15X 5X 3 X IX Jan. 19 6 Mar. 31 2434 Dec. 19 1534 Dec. 30 9 534 Aug. 10 434 Jan. 12 2X 43X 2X IX Jan. Jan. Jan. Jan. 30 13 Jan. 50X Jan. 2X Jan. 134 Jan. 30c Jan. 12 35c 2X 2X Jan. 25 12 X 11X Jan. 1534 Jan. 24 7 Sale 7x Sale Sale 12X Jan. OX Jan. 60c Jan. 26 26 2 Jan. Sale 50c Jan. 31 55c 2034 Jan. 2X Jan. 26 Jan. 31 Sale Sale 6 ux ex Sale 32 26 31 3X 3X 2X 16 1834 14X 5X 3X IX 13 23 4 5 5 "2X 3 49 X 46 X Sale 2X 2X IX Sale Sale 2X Sale 10 X 14 17 Sale 14 X 8 62c Sale 65c 16 2X 50c 2X IX Jan. 5 Jan. 4 25 7X Jan. 5 26 27 X Jan. 26 Sale 24 27 50c ex 2X 2X 50c 52c 21X 3X Sale 21 X 2 X 16 X Sale 3X Sale 1 25 1 Jan. 16 Jan. 13 5 17 Jan. 4 6 3 8X Jan. 76c Jan. 2X Jan. 4 7 4 Jan. 11 21X Jan. 3X Jan. IX Jan. 31 12 3 28 17 81c Jan. •7 20c Sale 20c Jan. 28 30c 75c 90c 75c Jan. 11 80c 1X Jan. 11 IX Sale 5 36c 234 IX IX 50c 4 3 Sale 40c 50c 50c 2X 2X IX 2X 834 35c 7 Jan. 24 40c 24 7 Sale 11 Sale IX Jan. 23 834 Sale 24 434 3834 6 IX 134 334 2X 24 X 234 1634 97 16" "I" 109 3X Sale 534 7X 3X Sale 734 Sale 23c Dec. 4 60° Sept. 10 734 Jan. 13 9 Dec. 15 234 Dec. 13 17 234 Dec. Jan. 55c 13 1834 Jan. 13 34 Jan. 834 Jan. 10 Jan. 434 Sale 42 34 _ _ 1034 2 34 734 2 134 334 234 Sale Sale 7 34 134 634 134 134 334 234 25 234 434 4134 16 34 Sale Sale 734 234 134 Sale 3 Sale 234 Jan. OX Jan. 26 Jan. 23 4 Jan. 24 40X Jan. 1534 Jan. 7X Jan. 1% Jan. 7 12 4X IX 4 23 25 3 34 Jan. 12 434 2 27 Jan. 4 26 3X 2X IX 5X 3 3 Sale Jan. Jan. Jan. Jan. 90 Jan. Jan 14 July 15 234 June 334 Sept. 27 1 234 Apr. 2X Jan. 1 x Jan, 17 4 2X Jan. 1 X Jan. 834 Mar. 30 4 8 „ 1934 Nov. 12 Dec. 7 Mar. 25 110 Dec. 16 10 1834 Dec. 27 1 334 Feb. 234 Dec. 12 134 5 Jan. 6 4 12 22 15 13 100 4 31 Jan. 10 4 Jan. 24 4 27 3 34 Jan. 4X Jan. 6 11 13 34 July 3 34 Jan. 3 34 Jan. 4 Jan. July July Oct. 4 4 26 3X 8X 234 334 27 4 103 20 1 Jan. 7 14 24 Jan. 12 5 18X Jan. 4 110 Jan. 98 Oct. 2134 Oct. 434 Jan. Feb. Mar. 30 31 Jan. 13 X, Jan. 14 238 Mar. 31 134 Apr 1534 June 5X IX May 31 2 14 I Mar. 31 22 98 2 Apr. May 3 I 9 Sale 5X 42 June 9 3X 4 Mar. 30 June 3 3 2X IX 5 Mar. 31 Jan. 16 34 Jan. 3 -r--- 4 IX Jan. 1 % Jan. 34 .... Dec. 9 2234 July 25 17 Nov. 9 1034 July 25 1234 Nov. 9 534 Oct. 27 11 Mar. 29 25 34 Jan. 4 4 1 5 23 12 Sale 3 June 3 434 Sale Mar. 31 834 434 634 334 3134 14 34 634 134 434 134 26 3 X 3 6 ^ 11 5 26 Jan. 109X 2 X Sale 3X 4X 3 X 4X Sale 3X 109X 24 Jan. 100 1534 109X 134 Jan. 11 34 Dec. 20 2 1034 Nov. 7 34 Jan. 2 5 Feb. 21 26 26 2X Jan. 7X Jan. 14 • 14 10 17 18 134 Jan. 8 Jan. Nov. 134 Jan. 134 Jan. 55c Apr. 25 434 Feb. 18 2 34 9 14 13 2 34 Oct. 13 2 34 10 7 14 13 10 7 2 234 Jan, 24X Jan. 27 28 Jan. 98 2034 1834 o Jan. 19 29 Dec. 18 3 3 19 35c 24 17 15 13 June 27 IX Jan. 1X Jan. 16 25 87c 3 23 30c 11 10 3 4% Jan. 4234 Jan. Jan. May 31 5 23 11 10 22 Jan. 10X Jah. 27 Dec. 2X Jan. 2 34 Jan. 1 X Jan. 50c 43c Sale 13 17 20 65c 11 10 14 26 Jan. Jan. 22X Jan. Dec. Mar. 2 34 Jan. Jan. 4 55 60c. Jan. 2 34 Jan. 2 Jan. 45c Mar. 19 17 24% Jan. 75c 90c Sale 99c 30 534 Mar. 30 Apr. 4 134 Mar. 29 40c Mar. 31 1534 Mar. 30 134 Mar. 31 134 Dec. 22 23 X Jan. 60c 13 6 X Mar. 30 1434 Sept. 26 22 34 Mar. 7 Mar 334 Jan. 134 Jan. Feb. 334 July 734 June 1234 Jan. 1734 Aug. 3334 Oct. 1734 Oct. 10 July 85c Oct. 3 34 Jan. 34 Jan. 2234 Nov. 334 Nov. 134 Dec. 70c 37c 13 23 X 79c 80c Oct. 12 34 90c 8 Sale 2 Dec. 30 Mar. 26 3 80c 25c 434 Jan. 11 5334 Nov. 9 13 June 29c 2X Jan. 25 Sale 13 2534 Mar. 31 234 Sept. 26 70c 19 __ Sept. 30 June 30 31 1134 May 14 2 June 7 30 76c 234 ~~3X 34 Mar. 29 23 Apr. 29 Jan. 19 1234 Nov. 16 8 Oct. 27 4 2 X July 2 Mar. 30 1 534 Mar. 31 Jan. 24 25 22X Sale 2 234 Mar. 31 3 Apr. 19 5 Jan. Oct. 6 7 35c 35c 15X 15 Sale ----- 12 14 2 3 19 1 1 Jan. 5 6 10 9,153 Universal Cooler class A....* 49.178 For footnotes see page common. com 15 13 Sal« 5 9X 4 34 100 Preferred 200 U S Radiator 100 Sale .10 10 com 403 U S Graphite Co 2,000 334 5 Srortsn Dillon com 30 9X 4X IX Rlckel (H W) 8c Co 37J4 Aug. 25 234 Oct. 26 2134 July 26 334 July 19 534 Sept. 28 6 Jan. 2234 2 * 105,882 Tlvoll Brewing Co common.I II.025 Union Investment Co com..* 18,426 United Shirt Distributors..* 1,819 134 IX Pfeiffer Brewing Co com 1 153,530 Standard Tube Co class B * 2,705 Stearns (Frederick) com 903 5% cum part pref 100 31,138 78 334 234 Peninsular Metal Products. 1 Prudential 2X Jan. 11 7 "12X Corp com...* Packard -Motor Co 3( 492 50c .10 154,612 Murray Corp common 2.014 Muskegon Piston Rg com 2.50 2,898 7,118 1 com 4 6 26 4X ""734 6 \Z Corp 1 26 15 6 11 2X 10 Motor Products 1934 134 334 Sale 2.50 Preferred. Mid-West Abrasive 934 12 1634 234 18 27c 2X J..% Michigan Sugar com. Micromatic Hone IX 1 Mich Steel Tube Prod 512 2X 2X 1034 Sale % Sale 2% Sale I,679 Mahon (R C) class A pref_. 1 53,774 Masco Screw Products ...» 3,293 McAleer Mfg Co com 1 196,367 McClanahan OH Co com 20,132 McCIanahan Refineries.....1 242 6 16 31 Jan. 2X Jan. 14X Jan. 14 Sale X 7 10,045 l.akey Fdy 8c Mach common 500 La Salle Wines&Champagne 2 200 Jan. Jan. Jah. 3 IX Sale 49 X 8 ...10 com. 6 19 77c 3X 3 X 15X "ix "ix "ix 634 27 X Sale 1034 1 IX 11X 4 Sale 2% 734 com 500 Michigan Silica Co 4 7 Sale 3X 20 X 24X 15 X 5X 8 18 Grand Valley Brew common.1 com Sale 3434 13 Graham-Paige Motor com 51,193 Kresge (>* 8) Co 434 1 134 General Finance Corp com.l General Motors com .10 Goebel Brewing Co com 1 com Jan. 82X Jan. 13 X Jan. 27 24 IX IX IX 10X 2X .... 8 • 28,042 Klnsel Drug Co Jan. 27 110 13 Sale Sale 15X 13 Sale 234 14,050 Hooter Steel Ball com 10 8,623 HosklnsMfg Co common.2.50 963 Houdaille-Hershey class A 105,353 Class B • 73,929 Hudson Motor Car * 95,406 Hurd Lock 8c Mfg Co com__l 81,982 Kingston Products Corp....1 1,100 8,191 IX IX 2X 12 X 934 com 478 Home Dairy class A 544 Jan. 23 8 Class B Hall Lamp 23 Jah. Jan. Jan. 92c Sale Sale IX 66,825 Frankenmuth Brewing com. 1 13,550 Fruehau# Trailer Co com_._l 81,339 Gar Wood Industries com 1,207 Gemmer Mfg Co class A * 23,262 238,962 92,745 81,292 11,895 14,150 23 eX Jan. 334 2X 14X 4 24,432 Federal Mogul common 9,824 Federal Motor Truck com 470 V.IIo 112 — " 12,745 82c Sale 9334 134 Sale 2 34 Sale 234 3 12 17 ...110 Gray Iron Fdy..u--1 Detroit Mich Stove common. 1 6,204 Eaton Mfg Co common 4 2,471 Eureka Vacuum Cleaner • 42,102 Ex-Cell-O Corporation......3 100 3,560 1,135 3,325 1 34 Detroit Steel Corp com.....5 950 Detroit Steel Products Durham Mfg Co common 1 250 822 1,245 3,969 25 68 13 .... Detroit & Clevel Nat com..10 . 16 X Jan. Jan. 2 3 2734 Oct. 5 Jan. 77c IX Sale 2X Sale 334 Cunningham Drug Sts..2,50 Detroit 26 3134 IX 18X 2X 7X Sale 13 X ex 14 X 13 Sale 95c 1 Detroit Edison com 26 7% 5 33c 73 X 13 7X Sale 82 Sale 1 Continental Motors com 56,900 8,842 32,590 78,804 6b ,076 8,263 22 X Jan. IX Jan. IX Sale Sale 13X Mar. 31 May 18 1 15X June 7 IX June 4 23 X Jan. Jan, 27 26 ex 12 X Mar. 31 4 Jan. ,1* 995 Delael Wemmer Glib com..10 8,020 22 X Jan. Jan. 27 2834 2834 Sale 3 Jan. 40c 4 24 IX Nov. 9 X Jan. 15 934 Jan. 15 29 Dec. 16 28 Nov. 12 3 % Jan Sept. 20 4*4 Mar. 31 IX Jan. 11 Jan. * Chrysler Corp common Consolidated Highest Sale Prices Jan. Sale Chamberlln Metal Weather 225 7,726 Lowest Sale Prices 40c 50c 36c 5 946 Bohn Aluminum & Brass 566 Highest Sale Prices IX Jan. IX IX Sale Sale Equipment Auto City Brewing Lowest Ask Ask Bid common.' Baldwin Rubber common...1 Allen Elec & 655 12,208 5,855 2,596 1,335 Ask Bid Par 28,501 38,198 102,420 325 1938 YEAR FOR Sale Prices Jan. 31 3 Jan. 1938 Shares Shares 500 RANGE JANUARY Price STOCK EXCHANGE In IN PRICES 4,948,902 Shares, 4,057,484 Jan. 1 to Dec. 31 DETROIT AGGREGATE SALES January i 1937 1938 Stock Sales 441,342 Stock Sales January Dec. 12 4 34 Mar. 634 Jan. 1 5 11 534 Sept. 8 18 34 Dec. 27 4 34 Aug. 1 5 Jan DETROIT Feb., 1939] In January 12 Months 1938 Shares Shares STOCKS Universal Products 4,948 2,787 Walker * 10 • 17 com & Co class a 27,364 75,055 Warner Aircraft Corp com.. 1 4 13,617 Wayne Screw Prod com 27,800 Wolverine Brewing Co com.. 1 2 5,498 Wolverine Tube Co com 250 200 * Preferred 36 Ask Bid Class b.: 3,550 Jan. 3 1938 Par 350 8,400 8,616 100 374 4.965 Young (l a) Spring & Wire.• 1,342 2,293 3,209 8,823 25,224 8,903 5,105 39,214 12,661 8,130 222 785 2,111 1,482 604 1,313 1,954 1,909 3,361 43,698 6,375 70,410 3,414 10,687 681 9,035 772 499 1,298 * Amer Tel & Tel Co a Jan. 31 % Ask Bid 15 3% 1% 1% YEAR 1938 2% Sale % Sale 2 16 % 82H ::::: 27c 8% 100 80 1814 16 Sale Sale 1% 9 * Hupp Motor Car Corp...... Kennecott Copper Corp.... Kroger Groc & Bak Co ..* Nash-Kelvlnator Corp National Dairy Products ..5 * n y Central rr 100 1% Sale 43 % Sale 28 10% Apr. 20 20 3% Jan. 1% Jan. 2% Jan. 10 Jan. 12 18c Jan. 16 12c 26 7 Jan. 21 Jan. 12 19 Jan. 12 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 33% Jan. 26 24 28 1 7 6 Jan. 19 10 100 18% Sale 14K 149% 16% 24% 1% 814 36% 1% Sale Sale Sale Sale Sale Sale Sale Sale Sale 18% Jan. 4 3 156% Jan. 21 4 31 27 31 26 17% Jan. 32 Jan. 5 1% Jan. 9% Jan. 20 5 27 40 Jan. 21 21 2 Jan. 3 44% Jan. 23% Jan. 5 31 20 26 Dec. 9% 126% 15% 18% 1 "22~~ Sale" 18 7% 19 51 Sold for cash, x 11 9% Jan. 13% Jan. 4 6% Apr. 1 11% Sept. 24 26 22 Jan. 3 10 Jan. 26 5 Jan. 26 8% May 26 10% Mar. 29 30 13% Jan. 13% Jan. 7% Jan. 4 6 9 Oct. 19 Oct. 27 10% July 21 40% Nov. 9 6 2% Oct. 28 3 21 Oct. 15 Nov. 14 18 4 Sale 6 18% Nov. 7% Jan. 12% Jan. 16% Jan, Sale 14 23% Oct. May May June May May 25% % 26% 13% 18 Oct. 24 8 Dec. 150 Jan. 21 Sale % 9 88 Mar. 8 1% Jan. 3% Jan. % Jan. Mar. Apr. June May 6% Jan. 13 "17 % Sale 4 6 12 Sale 25 3% May 31 80% Apr. 2 13% Jan. 4 Jan. IK Jan. Nov. 10 Nov. 25 Oct. 28 19 4 13 11 8% Sale 10 ....* r 16 Vs Jan. Jan. 26 1% Apr. 8 53c Sept.27 1 % June 6 4 Purity Bakeries Corp * Socony-Vacuum Corp.....25 Deferred delivery sales, 4 Jan. 8% Sale 20 15c 37% 23 % Sale 2 General Foods Corp 24 Jan. 3% Jab. 2% 1% 8% 3814 1% Sale Highest Sale Prices 27c 152% 17 % Company 25 Borg Warner Corp com...'..5 Commonw & Southern Corp * Consolidated Oil Co .....* 5 >2 80 163* 149 % 100 2% 13c 25% 12 Lowest Sale Prices 15% Jan. 3 % Sale 1 2% 17c Highest Sale Prices 26 3 7 % Lowest Sale Prices Ask 24 4 Sale Borden 14.803 Standard Brands Inc No par value, Bid 24 20 Unlisted Dept.— 20,114 American Radiator.........* 232 FOR RANGE IN JANUARY Price Jan. 3 500 * PRICES DETROIT * STOCK EXCHANGE AGGREGATE SALES 61 STOCK EXCHANGE Oct. 17 21% Nov. 12% 16% 21% 14% 16% 9% Mar. 29 Dec. 21 Jan. July Dec. Oct. Jan. Jan. 1 10 25 31 31 11 12 Ex-dividend. Philadelphia Stock Exchange MONTHLY AND YEARLY REGARD RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE Stock Sales 1938 231,992 Shares. 237,667 In PHILADELPHIA STOCK EXCHANGE Shares Shares PRICES BONDS 1938 Bid 6 STOCKS Shares 20,702 42.182 American Stores. * —100 6.885 Barber Co 11,545 Bell Tell Co of Pa pref 25,333 Budd (E G) Mfg Co 583 2,589 190 58 1,113 1,352 Preferred 10 100 • * 93 950 Horn AHardart (Phlla) com.* 265 2,172 Horn 8c Hardart (n y) com..* 27,357 Lehigh Coal 8c Navigation..* 13,613 Lehigh Valley 50 3,595 815 1,409 18.602 NatT Power 8c Light 20,951 8,362 * 181,285 Pennroad Corp vte • 139,909 Pennsylvania rr 50 1,317 Penna Salt Manufactur'g.so 4,185 Penn Traffic com 2% 140 100 538 5.136 Phlla Elec of Pa $5 pref 29.378 Phlla Elec Pow pref... 3,731 921 Phlla Insulated Wire ""820 8,581 Phlla Rapid Transit 10,287 7% preferred 14,253 Philadelphia Traction 3,220 Reo Motor Car Co...... 414 1,132 100 1,177 202,018 Salt Dome Oil Corp 7,275 Scott Paper..... 1,165 Tacony-Palmyra Bridge 24,100 Tonopah-Belmont Devel 21,303 Tonopab Mining.. 2,765 Transit Invest Corp..... Preferred 14,523 27,625 Union Traction 1,398 60 "l",449 230 1,679 49,294 United Corp common 601 31,707 1,259 175 * Preferred 9,459 346,892 United Gas Impt com 9,360 Preferred.... 5,686 Westmoreland, Inc 4,235 Westmoreland Coal... .... 288 , No par. x RANGE FOR YEAR 1938 Ex-dividend. a 3 Ask Bid 8 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Jan. 31 7% Ask Sale 6% Jan. 28 7% Jan. 4 5 Apr. 4 May 26 6% Sept. 7 9% Nov. 21 64 101 18% 25 9 8 144% 8% Sale "15*" "15% 115% 118 4% Sale * 25 * 50 50 50 1 _* * 1 1 9% Sale 10% Sale 150% Sale 153% 13% Sale 188 120% 7% 50 "3% Sale' 47% 26% Sale 5% 29% Sale 102 22% 3% 5% 23% 4 Sale Sale 7% 2lH 128 Sale Sale 37% 3% 5% 8% 1% 24% 160 145 3% 2% 115% Sale 29% Sale 18% 29% 50% 118 95 2% 119 30% 17 21 2 Sale 3% 5% Sale 7 1% 3% 7% 13 Sale 16 37% Sale 31 a 34% * * .._* • • * Sale Sale 2. 2% 3% Sale 28% Sale 10% Sale 105% 106% 10% 9 10% ----- Includes 647 ,229 rights. 4 73% 5% 29% 46% 5% Jan. 293a Jan. 42% Jan. 1% Sale 20% Sale Jan. 10 5 Jan. 4 Jan. Jan. 21 31 8% 50% 5% 84% 6% 30% 26 51 Jan. Jan. 26 31 23 39 72 Mar. 23 6% Sept. 24 101 Sept. 6 20 Jan. Jan. Jan. 7 24 13 26 8% Jan. Jan. Jan. 24 Jan. 11 165 26 3 30 2% Jan. 9 119 Jan. 30 Jan. 23 Jan. Jan. 17 Jan. 23 Sale 12 Sale 8 10 114% Jan. Jan. 12 Jan. 1% Jan. 1 % Jan. 10 1 Jan. 2% Jan. 2% Jan. Sale 3 14 10 Jan. 4 3% Jan. 36% Jan. 12% Jan. 18 21 Jan. 31 19 8% Jan. 8 9% 24 116 Sale 11 1% 3% 7% 1% 5 4 5 14 34 7% 9 16% Jan. 48% Jan. 35% Jan. Jan. 26 %6 % 42 Jan. 2% Mar. Mar. 9% Jan. 17 Jan. 24 10 Oct. Dec. Dec. Dec. 24 17 31 15 Aug. 24 Nov. 9 Aug. 8 Nov. Nov. 9 17 2% 1% Dec. 12 14% Mar. 31 30% 6 154 Apr. 2 2% Aug. 27 112 Feb. 11 118% 29% Apr. 23 32% 17 Aug. 10 19% 2% 1% Sept. 27 2 Mar. 30 5% 9% 4% Apr. 27 1% Dec. 15 3% 123 ' 45% Jan. 34% Jan. 11% 3 18 19 4 35 33% 30% Jan. Jan. Jan. Jan. Jan. 10 46% 1 4 Jan. Jan. 34 3% 5 5 24 Sale Jan. Jan. Jan. 2% 2 Jan. 24% Jan. i 23% 121% 7% 48% 5% 88% 8% 34% 53% 12% Mar. 112% July 3 % Mar. 100% Jan. 11 121% Dec. 21 % Feb. 38 Dec. 1 3 5% July May 31 3 Mar. 30 7% July 9% Oct. 4% Mar. 29 5% Jan. Jan. 11% Jan. 18 Nov. 14 16% Mar. 18 150 Mar. 4% Mar. 21% Mar. 25% Mar. 3% Jan. 30 12 1% 38 17 23 14% Sale 5 Aug. 111% Mar. 36 118% Jan. Jan. 13 1 5 Jan. Jan. Jan. Jan. Jan. 46 17 Sale 9 Sale Sale 20% Jan. 4 121 26 26 150 Sale 7% Sale 26 4% Jan. 66% Jan. 1% 18% 158% 160 2% 2% 2% 2% Sale 116% 118% Sale Sale 29% 30% Sale 18 17% 17 2 1% 1% 1% 3% Sale 3% Sale 6% 6% Sale 8% 1% Sale 2% 3% 34% 112 5 Sale 117 107% 115 37 35% 38% Sale 3 Sale 2% 3% 4% 4% 4% Sale 8 3-8 Sale 7% Sale Sale 18 21 12 124 172 12 Jan. Jan. 49 55 Sale 4 12 157% Jan. 15 . % % 1% g 8% Jan. 149% Jan. 17 18 15% Jan. 18% 20% 121 120 Jan. 120% 120 Sale 6% Jan. 734 Sale 47 29 1 50 18 Sale Sale ... 1,871 3,358 Bid 7 8 .100 10.190 Budd Wheel Co 252 Ask 50 56,321 Chrysler Corp 5 3,428 Curtis Pub Co common..... * 82,074 Electric Storage Battery * 97,691 General, Motors .10 1,833 3,614 JANUARY IN 1937 $898,100 par . American Tel 8c Tel 983 Bankers Sec Corp pref ""175 Jan. 1938 Par 651,700 Elec 8c Peoples tr ctfa 4s. 1*4* 3,000 Lehigh Valley 4s .—.1948 5,000 4%s 2003 1,000 Pennsylvania 4%» —1965 20,000 Peoples Pass tr ctfs 4s 1943 4,697 1,704 1938 $883,700 Jan. 3 Shares 64,000 $23,000 Price 12 Months January 1938 ' $64,000 Jan. 1 to Dec. 31__._ 4,862,114 3,564,395 SALlfs 1939 January 1937 1938 Jan. 1 to Dec. 31 AGGREGATE Bond Sales 1939 January 10% Jan. 14 35% Mar. 31 26% Mar. 30 %i Jan. % Nov. % Mar. % Nov. 1% Jan. 1 % Mar. 22% Mar. 8% Mar. 99% Mar. 6% Apr. 8 7 9 31 9 6 29 31 30 15 25 Mar. 30 Jan. Jan. Oct. 9 12 6 25 17 10 20 5 F?b. 15 Nov. 22 Feb. 17 Feb. 17 Nov. 23 Nov. 23 Nov. 22 Oct. 22 2# % M„y 10 51 Oct. 6 36 July 23 18 *8 88 Feb. Jan. Nov. Mar. Nov. Oct. Oct. Nov. Nov. Jan. 37% 12% 114% 10% 10% May 15 21 23 29 21 17 17 12 30 21 16 San Francisco Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE Bond Sales 1939 1938 626,985 306,863 1938 Stock Sales January Jan. 1 to Dec. 31 aggregate sales SAN FRANCISCO STOCK EXCHANGE January Jan. 1 to Dec. 31_._ prices $121,000 $46,500 range in january for year 1938 Price BONDS Ask 89 Bid 6.000 Atlas Diesel Eng Co 6%..1945 7,000 Calif Water Serv 4% 1961 2,000 Coast Co G & E Co 4%..1965 11.000 Market Street Ry 7s 1940 Bid Lowest Highest Lowest Sale Prices Sale Prices Sale Prices Jan. 31 Jan. 3 1938 Par $ $ 1937 1938 Jan. 3 12 Months 1938 In $5,000 $1,000 January 6,921,668 6,529,965 1938 1939 1937 Shares. Ask Bid Ask 78 . Jan. 107 Feb. 80 100 60 Oct. 24 130 57 3* Feb. 635* 119 115 17 1083* Mar. 12 85 June 7 Oct. 24 Aug. 24 130 4,000 S J Lt & Power Corp 6%. 1952 2,000 South Pacific Co 43* %—1969 1,000 Union Oil Co of Calif 6 % 1942 May 101 985* 102 105 Highest Sale Prices 12 90 Aug. 9 7 102 Mar. 21 57 3* 17 Feb. 17 1163* May 16 1163* May 16 UNLISTED BONDS Miller & Lux— Ctf of dep 1st mtge 6% 1945 118 116 ~i",666 114 1153* 113 1175* 1173* 1063* 1035* 116 Ctf of deposit 7% notes '35 5.000 So Calif Gas Co 43* % ser 1961 5.000 3.500 1205* Jan" "24 1205* Jan""24 2,000 So Cos Gas Co of Cal 4% % '68 STOCKS Shares Shares 19.120 Alaska Juneau 1,583 par i« Osid M cap 11 115* 40c 43c 22c 143* 14% 10 95* 9% 10 10 Jan. Jan. 23 16 Jan. 5 9 Jan. 24 43* Jan. OX Jan. 3 5 26 Mar. 30 9 6 27c 95* Jan. 22c 9% Anglo-Amer Mining Corp Ltd 28,942 1,275 2,777 5,405 1,839 1 Common 38,917 Anglo-Calif Nat'l Bank 20 50,646 Assoc Ins Fund Inc com caplO 36.821 Adas Imp Diesel Eng Co 5 148 978 Bank of Calif Nat nssmcaplOO 25 1,975 Beech Aircraft Corp com 1 Bishop Oil Co new.........5 30,948 Byron Jackson cost cap * 14,806 Calamba Sugar Estate com 20 2,275 Preferred 20 4,664 Calaveras Cement Co com—• 160 7% preferred 100 1,580 Calif Art Tile Corp class A—* 125 745 1,707 10 237 50 250 330 540 iE 185 43* 0% 195 15* 2% 380 100 250 California Water Serf preflOO "3",598 2,950 2,113 60 California Packing cap Preferred ... A * * 50 50,375 Garson Hill Gold Mg capital. 1 33,464 Caterpillar Tractor cap * 1.740 Preferred stock 100 93* 4% 6X 10 3* Sale 7 200 Jan. 178 103* Jan. 26 190 Jan. 20 3X Jan. 17% 26 17 Jan. 9 183* Jan. 20X Jan. 3% Jan. 23 16 16 Jan. 26 20 X 23 el* 20% Jan. 3X Jan. 50 12 103* 11 Jan. 1.05 Jan. 27 11 12X Jan. 18 9 30c 25c Jan. 9 1.05 113* 35c 423* 34* 23c 25c 46 48 99 X 100 1.65 Sale 660 219,468 Central Eureka Mg Co com..l 117,530. Preferred 1 54,954 Chrysler Corp common.....5 4,899 Clorox Chemical A 677 Coast Cos Gas&El 6%lstpfl00 6,745 Conaol Aircraft Corp com...l 2,660 I,215 29,547 lap class A partlc pref 13,330 Creameries of Amer (new)...l 28 95 Crocker First Nat Bk BFcaplfO 1.05 1.50 15 Sale 3SX 6 483* 50 96 99 31c 45 X 104 6 6 24 13 Jan. 25 35c Jan. 25 33c Sale 11 34c 25 475* Jan. 24 107 Jan. 26 4% Jan. Jan. 26 50 Jan. 30c Jan. 42X Jan. 31c Jan. 105 3X Jan. 33* Jan. 68X Jan. 4 5 24 6 18 98 42 X 47 X 107 X 105 X 9 102 19 520 40 Con sol 14,261 2,000 """642 500 350 935 200 6,334 1,190 2,265 16.450 955 346 265 10 10 1,370 7,066 2,558 160 930 12,922 522 604 1,406 26,466 Sale 46 473* 32 013* 103 17 X 18% 27 HI 3% 73 X Jan. 35 35 353* 37 1053* 1063* 108 233* 25X 21 105X Jan. 19% Jan. com (new) Preferred (new) 2,633 Cypress Abbey Co common..2 14,036 1>1 Giorgio Fruit Corp com. 10 6,635 Preferred 100 5,290 Doernbecker Mfg Co........ 1,558 Electrical Products Corp 4 4,100 K! Dorado Oil Works cap .• 35,295 Emporium Capwell cap.....* July 25 213* Oct. 13 213* Sept. 3 63* July 23 31 2,510 10 173 179 322 "2", 590 5,628 320 1,220 2,690 60 II,803 5 " 1,349 1,375 " 1,738 1,800 31,895 11,457 2,633 397 50 20 1,780 160 * 4H 17 30 4 Sale June 52 15 12 July 11 Aug. 10 Sept.19 Jan. Alar. 98 15c 30 Apr. 40c 5 Mar. 573* July 25 5 99% Mar. 063* July 16 43* Nov, 22 1.65 Jan. Jan. 1.65 Mar. 4 28 83X Jan. 4 37% Mar. 89 25 37 Jan. 6 30 Mar. 10 106Hi Jan. 25 24X Jan. 30 4 101 11 Apr. Sept. 393* Nov. 14 063* Feb. 15 26 Nov. 23 Jan. 4 15 4% Jan. 5 26 375 93* Sale 64 X Sale 72c 1.00 4 23 4 Jan. Jan. 9 30 4 Nov. 22 Nov. Jan. 7 26 91 Jan. 10 2.10 Jan. 14 Jan. 24 2.75 Jan. 16 Jan. 12 28 13 Dec 4X Jan. 9% Jan. 24% 43* 10 10 17 3% 9% 15X 9% 26 X 0% Oct. Dec Mar. Mar. Mar. Mar. 14 Jan. Jan. 3 12 4 20 3 1.444 Fireman's Fund Indem cap 10 37 Jan. 21 81 Jan. 50 8,722 Fireman's Fund Insur cap 25 19,342 Food Machinery Corp com. 10 7,129 Foster & EJoiser com 23* 573 Class A preferred 25 Galland Mercantile Laundry 1,154 common (capital) ...» General Metals Corp— 22,029 Common capital 23* 102.591 General Motors ...10 36,836 General Paint Corp com * 3,327 Preferred • 20,769 Gladding McBean Co com..* 108,510 Golden State Ltd cap.. > 9.168 Hale Bros Stores, lnc, cap..* 16,476 Hancock Oil _.* 42,461 Hawaiian Pineapple Co (new) 100,947 Holly Develop Co common.. 1 4% Jan. 10 10 Jan. 13 17 Jan. 17 153 363 103 Jan. 4 Jan. 20 Sale IX 2H 16 17 H 4 20 30 June 16 Jan. 21 33 Mar. 31 18 62 Mar. 31 Mar. 30 37 21% 21X 21% 26 25 25 5 21X Jan. 5 4 Jan. 21X Jan. 6 8% Jan. 26 Jan. 43 Jan. 26 Jan. 5 0% 28X 8% 0% 13% Jan. 27 Jan. 25 Jan. 23 Jan. 23 6 Jan. Jan. 7 40% 40 Jan. 19 19 17% Jan. 1.00 Jan. 36% 39 17% 28% 73* 22% Jan. 12 5 Jan. 5 2gg 16 23 31 25 31 Jan. 1.60 Jan. 14 Jan. 27 14 7X 31% Sale 7X 8X 23* Sale 12X 26 22% 19 " 85% Jan. 1.55 Jan. 6 3% 113* 24% July 17 Sale 25% Mar. 31 I 75 Dec 31% Jan. 29 X 22 56 75c 17 69 20 14 30 820 Ewa Plantation— 33 Dec 85HI Jan. 4 8 40% 7 28% 8X Sale 7% 31 Sale Sale 11* Sale 1.00 7 13 38% 18 1.25 Sale 15 Sale Jan. 25 J an. 3 Jan. 4 10 27 13 X Jan. 40 X aJn. 19% Jan. 5 1.40 Jan. 20 Jan. 23 X Jan. 15 Jan. 10 50c Jan. 1.60 Jan. 5 11 1X Marr28 12 Apr. 1 19 6 Apr. 5 Mar. 26 255* Mar. 31 6 Sept. 26 25 Mar. 24 30 6 4 1,465 Go of Calif capital 10 38,244 HonoluluOUCrpLtd cap new* 940 Honolulu Plantation cap...* 1,989 Hudson Motors Car Co * 9,127 Hunt Bros. Packing com * 7,784 Preferred... 10 580 Hutchinson Sug Plant cap. 15 22,735 Langendorf United Bakcl A * 42.867 Class B * 2,514 Preferred... 8,393 Leslie 8alt Co capital * 57,319 Le Tourneau Inc common. 10 2,266 Libby McNeill Ac Libby * 199,734 Lock Heed Alrcr Corp com__l 2,926 Lyons-Magnus Inc A * 1,612 B * 28,007 Magnavox Co Ltd (capttal)23* 17,830 Magnln Ac Co (I) common * 120 Preferred 100 40,094 Marchant Cal Mach Co com 10 10,033 Meieir-Frank Co 10 148,932 Menasco Mfg Co common 1 119,604 Nat Auto Fibres IncCom stkl 67,713 Natomas Co capital • 5,493 North Am Inv Corp com..100 1,110 A % preferred ...100 i 715 S%% preferred 100 29,151 North Amer Oil Consolcap.lt 1,674 Occidental Insurance cap.. It t Removed from listing. 33 X 16 21 OX 1 25* 15X 15 2 Jan. 50c Jan. 1.50 Jan. 3X 19% 155* Jan. 8% Jan. 38% Jan. 34 X 15 19 11% Jan. 19 13 41 J an. 5 Jan. 3 41% Jan. 16 24% Jan. 27 30% Jan. 6 25X Jan. 24 35 Jan. 3 67c Jan. 6 55c Jan. 4 12% Jan. 26 14X Jan. 19 12 Jan. 9 Jan. 23 11 145* Jan, 9% Jan. 3% Jan. 7% Jan. 24 12 3 18 4 20 6 OX June 6 2% Apr. 29 11)* Apr. 7 25% Mar. 31 163* Dec 21 66c June 1 Sale 10 X aW Sale Sale Sale 11% 31* Sale 0% Sale a 37 11 Sale 38 Sale 11 27 Hi 26 5% Jan. lift Jan. Jan. Jan. 10 Jan. 21 5 Jan. 30 24 3?« 12 30 27 23 11HI Jan. 25% Jan. 31 HI Jan. 30 Jan. 103* Jan. 23% Jan. Jan. Jan. 14" Dec 7 Sept 35c Dec 1 30 Dec 20 26 27 28 73* Sept. 12 Apr. 29 33* Apr. 12 355* May 24 323* Apr. 25 13 Mar. 31 5% Dec 9 5 % Mar 30 43* Dec 23 25c Dec 28 3 X Jan 12 7 June 6 5 923* 85* 7 J* 80c 3% 75* Apr. Mar. Mar Mar. Mar. Oct. 31 12 9 23 17 Mar. 29 27 23 102 Sale 26 18% Jan. 40 Sale 9% 13 10 16 X X X Sale 10X 12% 90 5 35 73* HVi 9% Sale 5 40 23 Jan. 45* Oct. 17 3% Mar. 25 Sept.14 7% Mar. 29 24 Jan. Preferred 19 Jan. 12 31 26 24 90 22,989 Emsco Derrick & Eq Co cap.5 No par value. 24 27 18 25 363* Jan. 5X Mar. Mar. 31. 14;_ Dec 45% Apr. Home Fire Ac Marine Insur 60 Oct. 145* July 2.00 July 18 July 50c Nov. Jan. 15c Nov. 25 31 18 35% Jan. 8 Xi J an. 9.060 5 22 9 Industries 231,524 CrownZellerb Corp 95 10 Chemical 1.70 Sale 3X 3H 14 87 308 13,305 7,850 1,286 Jan. 5X Aug. 6 May 17 200 Sept.15 10 1 05 Dec 5 Jan. Jan. Jan. Jan. 23 49 483* 1003* 19 Mar. Jan. 8 12 X Jan. 1.50 Jan. 16X Jan. 16 4 19% Mar. 3 Sept. 45 May 34X Sale 19 5* Sale 483* 503* 913* Sale 3X Jan. 13 % Mar. 16 Hi Dec 48 11 34% 171 2 19 21 33* 2 45c 19 4 3X Jan. 15% Jan. 2.75 15 13 % Feb. June 8% Dec 2% Jan. 4% Mar. 9 Jan. J an. 17 7 16c OX 73* 4 163* Sale 20 y8 Calif Cotton Mills cap...100 Calif-Engels Mining Co California Ink Co lnc A 63* 3X 17 * Class B 7.425 41,377 1,490 50,358 3,881 8,880 190 23c 25c Jan. 26 1195* May 12 May 11 1173* May 11 Feb. 10 Sept. 16 108 4 Oct. 4 1035* Oct. _ 29 30 26 29 31 35* Mar. 26 Apr. 26 95* Oct Mar 31 31 25 27 5 153* Nov. 9 92 Nov. 15 00 Sept. 30 53* Jan. 11 28 Jan. 13 5 Jan. 20 Jan. 105* Nov. 18 215* Nov. 28 155* Oct. 27 37 July 6 115* Oct. 14 463* Feb. 23 42 Nov. 9 88 June 30 365* Nov, 15 2.60 July 13 Aug. 3 25X Apr, 18 18 115* July 23 533* Nov. 9 10 July 7 30 Oct. 18 12] 7] July 23 Nov. 1 15 July 7 14 293* Jan. 22 44 Oct. 1.30 Oct. 8 FEB., 1939] SAN FEANOISOO STOCK EXCHANGE AGGREGATE SALES In January Shares SAN FRANCISCO STOCK EXCHANGE 12 Months 1938 Jan. 3 1938 Par Bid 34,496 Occidental Petrol Corp com.l Ask 27c Bid Ask Bid 20c 18c 30c Jan. 31 1.758 "'574 1,257 16", 526 8.321 12,032 5,630 3.794 670 5,152 4,261 340 80 105 864 23,011 Pacific 9 6 10 * 12 9* 10 5* Sale 4* 5* 1,542 6% preferred 104 1,220 Pacific Western Oil capital. 10 21,416 Parafflne Cos, Inc., com....* 630 Preferred ......100 80 3,576 1,555 3,367 60 2,865 21,852 1,004 607 40 37,628 295 20 660 ""loo 924 4,120 300 1,060 14,935 , ' 56,676 Cumulative prefer red...25 57,041 Republic Petroleum Corp 1 1,330 Preferred ......50 44.595 Rheema Mfg Co.... .....1 178,719 Richfield Oil Co common.... 2,804 Com stock purch warrants. 5,512 Rooa Bros Inc common.. 1 160 Series A preferred 76,476 Ryan Aeronaut 7 1,849 811 500 500 1,923 190 65,898 Co 80 92 99 830 1,842 Preferred 100 5,588 Sou Cal Gas pfd 6% cum A.25 150,238 Sou Pacific Co com (cap'l)_140 25,820 Sou Pac Golden Gate cl A..* 7,750 Class B • 300 Sperry Corp common v t c 1 4,055 Spring Valley Co Ltd capital * 148,706 Stand Oil Co of Calif capital • 26,321 Super Mold Corp of Cal cap.10 19,263 Texas Consol Oil Co com 1 3,410 Thomas Alloc Corp class A * 29,768 Tide Water Assoc OH CocomlO 4* % preferred 1,167 2,425 1,030 1,025 520 50 .2 60 Jan. 17 3 Jan. Jan. 18 2.40 Jan. 13 29* Jan. Jan. Jan. 30 12 Jan. 30 Jan. 30 109 28 26 24 147* Jan. 11* 56* 7* Jan. 21 * Jan. 124* Jan. 17 12 20 Jan. 17 59* Jan. 12 40* 39* Jan. 24 3.00 5 50 39 54 44* 1.15 2.00 2* 1.90 Jan. 13 Jan. 2.40 Jan. 30 5* Jan. 19 6* Jan. 9 49 23 26 41 Sale 3* 30 12 4* 32 13 5* Sale 1* 2 15* 20 85 ill 1.40 United Air Lines Trans Jan. 26 Jan. 17 19* * 3* 16* 95 5 72 28* 19 4* 17 98 6 19* 17* 29* .2.00 20 Sale 80 28* Sale 85c * 13* 75 10* 35c 9c 10c 46* 45* 2 si A* 21* \41 36c 1 * 85c 14* 82* Sale 5c Sale 1.00 13* 93* 6* 30c Sale 5 28 Sale 5* Sale 21* 60c 51c 22* 30c 76c 35c 1.25 13 Sale 15 16 4 Agricultural Co..20 com common 14 13* Sale aVA Sale VA 50 100 286" 280 Sale 18* Sale 6* 7* 10* 11* 3* 8* 25* 100* 285 4 9 5 23 3* Jan. 7 10 26 26 37 * Jan. 10 14* Jan. 10 19 6 10* Jan. 3* Jan. 18 19 25 Jan. 27 31 32* Jan. 16 Jan. 5* Jan. 50c 2.00 Jan. 5 72c 4 Jan. 5 12* Jan. 26 Jan. 32* Jan. 2.00 Jan. 5 Jan. 13* Jan. 5 Jan. 23 6 29 Jan. 23 26 3 16 15* Jan. 93* Jan. 20 25 Jan. 18 Jan, 19* Jan. 96 Jan. 5 3 13 Jan. ■10 33* Jan. 21* Jan. 20 26 25c Jan. 11 35c 10 9c Jan. 7 24 10c 39* Jan. 5* Jan. 26* Jan. 21 Jan. 36c Jan. 75c Jan. Jan. 5 26 Jan. Jan. 45* Jan. 5* Jan. 26 13 Mar Dec Jan. Jan. T4Jan. 13* Jan. !5* Jan. 25 110 Jan. Jan. 30 30 22 29 31 29 31* 29 25 30 25 4 19 3 3 14 5 1.54 ser 33 30 3* Sale 3* 3* Jan. 27 4 Jan. 10 Nov. 28 2.00 July 9 38c 9 July July 26 1" 23 Dec 13 Mar. 3 4 Oct. 5 Aug. Dec 28 Dec 30 Jan. 12 Aug. 16 May 8 48* Dec. 29 6* Feb. 14 34* July 25 25 Nov. 3 1.20 Jan. 10 1.65 Nov. 1 July 19 July 25 12* Jan. 12 97 17 83c 22* July 25 22* Mar. 7 6 14 13 12 8 31 25 Jan. 4?" 6 15 Dec 28 26 26 29 May 25 May 27 28 Jan. 19 Jan. Mar Dec Mar. Jan Mar. 7 3 88* 29* Jan. July July 14* Aug. 9* Nov. 17* 5* 5* 6* 2* Jan. Jan. 25 13 44c 11 Jan. 26 May 19 10* Mar 31 76* Feb 17 5* Dec 8 Jan, 34 3 5 18 10 31 Jan. cap..50 48* Dec. 29 4* Sept 1 25* Mar 31 30c 286 5,937 Yosemlte Portl Cem Co pf--10 17 75c 27 Jan. Dec 9 290 17 lc 20 5 4 Nov. 14 9* Nov. 3 Feb. 24 ii* 26 26 4 13 9 26 27* 28 110 5 300 Jan. 14 43* July 2* July Apr. 11 10 Apr. 25 92* Oct. 31 105 4.50 Apr. 27 5* 18 May 26 38* 11* Mar. 30 25* 60 Mar. 30 95* 28 32 Apr. 13 9* Mar. 29 22* 10c July 25 70c Jan. 11 23 18* July 12 May 19 Jan. J an. 26 28 4 18 31 Nov. June 14 30 2.60 Nov. 25 June 22 17 Jan. 18 87 June 9 100 Oct. 10 1.05 Apr. 27 7* Dec 31 36c 55c Jan. Jan. Jan. Jan. Jan. Jan. Jan. 17* com 12 25 12 85c 14* 95* Jan. 7* Jan. 18* 6* 10* 13* 3* 8* Mar. 29 9* Mar. 29 4* Mar. 29 1* Mar. 30 28* Jan. 23* Jan. 26 26 13 23 25 26 40c 16* (Consolidated) cl A Nov Nov Dec. 30 7* Dec. 8 Mar. 30 20* Dec 20 Apr. 1 119* Jan. 24 Apr. 8 149 Nov. 9 Dec 30 15 Jan. 10 Mar. 31 60 Nov. 10 3 Jan. 19* Class A series 2 43 58 30 4 109 Mar. 80c 15 18* 65 29 June 30 101 5 32 16* Sale 1,920 30 Dec 29 Aug. 16 31* May 24 100 Sept. 28 3* June 15 4* Sept. 16 27 Sept. 16 8 May 26 17* Aug. 13 2* Mar. 29 4 32 13 40c 4 Jan. 6 14* Jan; 11 105 Jan. 26 7* Jan. 93* Jan. 6* Jan. 13* 95* 6* Sale 55c 9 8* Jan. 2.35 Jan. 13* Jan. 13 Sale 3* Jan. 95 10 Universal Cons OU 13 14 t c_5 v an. 95 Sale 18* Sale 6 J 2.00 i!H 8 23 100 37* 1.50 2c Sale 12 37* Jan. Sale 45* 6> 29 y 13> Jan. 6 16* Jan. Sale 4 5 5* 5* 14* 15* 13* 13* 104 102* Sale 5 6 5* 6* 30 Sale 30* Sale Sale 16* Sale 96 95 93* 94 31* 32* 33* 20* 17* Sale 9c 45 3 Sale 36 28* 1 26 24 27 20 40 6* Jan. 42* Jan. 3* 102 Sale 7 43 13* Jan. 13* Sale 9* Sale 2.55 2.85 13* 15* 2.55 1.75 20* 9* 47* Sale Sale 3 35 Sale 105 100 7 Victor Equipment Co com..l Conv cum pref..........5 Waiaiua 13* 20* 16 13* 95 1.00 42 47* 16* Sale 22* 23* 3* Sale 37* 37* 14 13* 55 Sale 5 15 89 4* 6* "~4* "5* 9* Oct. 50 52 2.40 5* Oct. 2 40 Dec Mar. 6* 13* 87* 131* 11* 29* 12 6 22 Jan. 29* Nov 32* Dec Mar. 99 24 99 10 12 25* Mar. 32* Mar. Jan. 12 Jan. Dec Mar Dec Jan. 27 32* Jan. 29* Jan. 44* Jan. 21 149 May 23 54* Jan. Corp Ltd— Yellow Checker Cab Co— ""925 1* 681 WellsFargoBk it UnTr cap 140 Western Pipe it Steel of Calif 18,290 150 10* 52* Sale 50 Common capital 1 Union Oil Co of Calif cap..25 Union Sugar Co common..25 Well & Co 170 573 100 new 696,550 Transamerlca Corp capital. 53,530 74,720 19,447 12.596 137,714 21,747 14,495 6,420 148 12* 60* 42* "37* "39* cap.l com 21,146 Signal Oil & Gas Co class A.* 104,324 Soundvlew Pulp Co new....5 410 5 28* 31* 28* 41* 107* Sale Sale 69c Tread well Yukon 8,209 10,603 ...100 Safeway Stores Inc common. * 6,851 Schleslnger (B F) com (new). 5,515 Preferred (new) 25 11,815 Shell Union Oil Corp com..* 350 5)4% cum conv pref 104 1,269 Sherw d Swan Co Ltd cl A..10 215 14,468 1,857 29* 32 150 11* 59 Aug. 6 July 25 9* Jan. 148 14 37 Oct. 23 140 11* Mar. 3* 4* 5* 4* 5* 1.40 26 Sale 34 Jan. 15 Jan. 6* 6* 6* Jan. 20* 21* 20* Sale 20 Jan. 123 121* Sale Sale 121 Jan. 17* 6 6 5* Jan. 114 17 111 131 May Jan. 5* Jan. 24 2.15 7 Sale 2.15 29* Rights ~4"6l6 3,211 Sale 21 24 Jan. 17 8 l8* 28* 29* 29 Sale 43* 44* 42* Sale 107* Sale 107* Sale Co capital ...100 Phillips Petroleum Co cap..* Plg'n Whistle Corp partic pf * Puget Sound Pulp & Tim com Ry Eq & Realty Co Ltd com.* 6% preferred (new) 100 87,275 Rayonler Inc common ...1 8,380 1,554 5 Sale Sale Prices 30c Jan. 10 Jan. 6* 8* 6 Highest Sale Prices 15c Dec 28 19c Philippine Long Distance 5,606 2,800 8,931 14,807 2,473 1938 5 18* Jan. P 7 32 29* Sale 36 Sale Pacific Public Service— Tel YEAR Lowest Sale Prices 19c 5 Sale 29 4,005 Common (new) .<...* 37,577 First preferred • 5,767 Pac Tel §c Tel Co common.100 5 9 6 Highest Sale Prices Jan. 17 20c dH 21* 5* 6* 6* 5 2.30 1.45 Sale 27 * Sale .... 234 17 5* Can Co 8 5* 20* 5* 9* 15 1,428 Pacific Clay Products....... 111,261 Pac Coast Aggregates com. 10 137,968 Pacific Gas & Elec Co com.25 88,458 4% 1st preferred 25 27,149 1st preferred 25 38,605 Pacific Lighting Corp com..* 5,414 $4 dividend pref 322 745 420 400 RANGE FOR Lowest Ask 19c O'Connor Moffatt & Co— 2,580 Class A A common * 7,099 Oliver United Filters Inc A..* 33,577 B ♦ 2,035 PaauhauSugarPlantCo capl5 5,750 Paciflc-Amer Fisheries, Inc.5 717 JANUARY Price Jan. 3 STOCKS Sfiares 550 PRICES IN 03 June 27 13* 20* 4* 10* 41* Nov. Aug. July Jan. Jan. 257* Apr. 13 295* July 14* Mar. 29 14 16 7 11 11 13 23* July 23 3* Jan. 23 22 36 22 4 24* Mar. 31 4 Aug. 12 May 19 May 19 2* June 23 Oct. 18 UNLISTED STOCKS 1,100 Alleghany Corp commoh....* 75 100 881 1,083 6,748 1,832 1,145 1,035 "loo 25 1,767 600 260 4,592 "2,178 50 676 Amer & Foreign Pow com...* 340 Amer Car & Fdy Co com * 365 Amer-Hawaiian SS Co com. 10 520 Amer Pow & Light com .* 10,080 Amer Rad & Stand San com.* 400 Amer Smelt & Refg Co com..* 15,074 Amer Tel & Tel Co com...100 86,602 Am Toll Bridge (Del) com_..l 33,872 Anaconda Cop Mg Co com. .50 20,268 Anglo Nat Corp cl A com * 14,878 Argonaut Mg Co Ltd capital 5 1,646 1.400 1,588 11,306 1,500 5,655 138,981 1,385 12,731 2,620 1,880 13,656 Ark Nat Gas class A com....* '243 1,940 Baltic Ohio RR common.. 100 Bancamerica Blair capital.. 1 Barnsdall Oil Co common Bendlx Aviation Corp com..5 5 Berkey & Gay Furn com 1 Bolsa Chlca Oil cl A com...10 Bunker Hill & Sullivan & Con Co common 3 2,630 T.260 5 2,179 "145 T"l85 * 44 28* 13 2.85 3* 153 46c Sale 29* 13* ,085 3.50 3* 5* A* 4 Sale 12* 13* 10* 11* 3 15* 25* 2* Sale 16* 26* 13* 14* 12* 65 70 68 80 7c 6 69 2.50 1.45 15c 1.55 1.50 1.15 18 "7* "7* 17 > 29 17* 4* 11,226 Consol Oil Corp common...* 760 Continental Oil (Del) cap..5 300 CruclbleSteel of Am com.100 37,901 Curti8s-Wrlght Corp com—1 Fields cap—* Elec Bond & Share Co com..5 1,090 Goodrich (B F) Co common 1.401 Hawaiian Sugar Co capital 20 2,023 Hobbs Battery cl A capital..* 1,032 B capital 1* 7* 46c Jan. 15 1 Sale 27* Jan. 10 40c 20c 50c 3.50 4.20 4 5 7* 21* 8* 7* 22* 9* 11 12 30* 31* 9* 31* 31* 2V' 45 39* "34* "35* 4 40 4* 44* 8* m M 15c 4* 10 Oct. 7 111. Apr. 14 1 150* Dec 42c June 9 Jan. 5 11 5* Jan. 7* Jan. 3 36* Jan. 30 36* Jan. 30 6* Jan. 3* Jan. 23 23 Jan. Jan. 3 11 2* Jan. 23 3* Jan. 12 IJan. 6 Sale Sale 9* 100 36* 26*"jan. 28* Jan. 4 1.15 Jan. 4 1.15 Jan. 4 Jan. 24 8* Jan. 1* Jan. 6 5 22 2.60 1.00 20c 1 Sale 2.50 35c 1.00 15c 8* Dec July 7 1 43* Nov. 9 4 8* Jan. 21 8* Dec 31 3* Dec. 31 11 July 7 5* Jan. 17 July 1 30* Dec 29 17 1 Mar. 3 15c 1.10 May 24 72 Feb. 2 Nov. 18 Feb. 4 3* July 19 1.50 Jan. 11 20 July Sept. 19 29 6* Aug, 15 Jan. 10 21 6 Dec 21 1 Sept 13 10* May 10 2* Jan. 25 20c Dec 22 50c Jan. 12 3oH Feb. 21 Jan. 14 Nov. 21 25 25c Jan. 19 4 Jan. Jan. Jan. 19 June Jan. 10 19 5 12 5* 19 Jan. 9* Jan. 7 12 32 Jan. „ , ft* Sale Sale 40* 28 Jan. 26 35* Jan. 25 6 Apr. Mar. May June Mar. 7* Jan. 37* Jan. 12* Jan. 38* Jan. 25 20 42* Jan.\ 5 Mar. July July 22 Jan. 23 23* Jan. 27 May 30c Jan. 11 30c 11 Mar. Nov. Jan. July Dec 31*| Dec Dec 11* Jan. 2.50 30c 11 60 Mar. 23 Jan. 8 26 24* 38 6 25 17 17 Jan. 104 30 1.50 35c 15 7 1 30 24 30 31 40* Oct. 18* Oct. * Jan. 11* 23* 31 July 29 6* Aug. 15 60c 39* 23 28 Nov. 18 Jan. 3* Aug. 15 30c 10* "13* 6* May 3* May 3* Dec. 4* June 2* Dec 17 "July 13 * June * May 1.85 Mar. 53 70c 17 25c 42* 18 28 20 Sale 11* 41* 14* 2 00 Mar 31 * June 28 8 6* July 20 18* Oct. 13 10c May 4 1 55 Dec 23 31 50c 40* 13* May 26 7* Dec 9 19 19 10* Mar. 30 5* 10* 105 21 11 50* Mar. 22 50 Apr. 4 25c "8* Mar. 25 2* Dec "18* 8, Dec 20 24 31 7 1 14 13 156* Jan. 5 50c Jan. 26 36 ,Jan. 4 7* 35c 7,150 Dumbarton Bridge Co com.10 227 Fibreboard Prod prior pf_100 23,638 General Electric Co com....* Sale July 52 149* Jan. 13* 1.15 *19" 5* 15 "2" 1* Jan. 5 21* Mar. 20 14 80 7c 5c 13 19 8 10* Mar. 9 6* July 20 6* Jan. 16* Jan. 14 80 Sale 65 65 80 65 1 — Sale 13* Sale Lts Inc com.._l Coen Cos Inc class A conv—* Columbia River Packers No par value. 20 Tso "2II0 2 Assn Inc common * 10 Comm'l Solvents Corp com..* 600 Consol Edison N Y common.* 12,577 6* Jan. 16* Jan. 46* Sale * Sept July 21 * Mar. Mg 10 10,367 DomlnguezOil 16 29* Sale 12 10* 5* Sale 3^ 2* 35 36* 7* 8* 7* Sale 7* 7 6* Cities Service Co (new)— 6,517 $10 par 31,890 Claude Neon 2,575 3,838 Sale' 3 2,530 Calwa Co common 10 100 Canada Dry Ginger Ale cap. 200 Y.725 145* 5* 15* 12* Aviation & Trans Corp cap.. 1 246 6% pref (1927 series) 100 200 Calif Pac Trad Corp com * 260 Preferred .__* 820 200 "6* 14* 6* 5 30 13 5* 11* 65c 1 * 3* 28* ...* 395 Canadian Pacific Ry com..25 Chanslor & Lyon Stores Inc 62 Class A cum conv * 978 Ji J AtchTop & S Fe RR com..100 Atlas Corp common Aviation Corp (Del) com Calif-Oregon Power— 30 6% pref (non-callable).. 100 5 1* 24 10 13 7 June 27 Dec 30 Feb. 18 50c Apr. 29 14* Oct. 27 106 47* 25* 35* 2.60 50c Nov. 7 Oct. 27 Nov. 16 Feb. 10 Oct. 24 Feb. 1 SAN FRANCISCO STOCK EXCHANGE 64 STOCK EXCHANGE STOCKS 566 Holly Oil Co 1,086 1.75 Capital 500 Internat Nickel of Can 80,438 100 966 835 200 65 25 361* 421* 12c jl8c 4.50 20 4% 17c 15c 395 51* 10% 0% 49% 63* 8% 18% 2,788 19 20 22 * 20 Olaa Sugar Co Ltd capital.20 Onomea Sugar Co capital..20 200 North Amer Co common Oahu Sugar Co Ltd capital 200 """169 2,938 1,764 1,262 33 20 """25 2,782 317 38 18% 323 Pac Finance of Calif com.. 10 Pacific Portl Cement com. 100 50 1,100 ' 30 4 Jan. 13 22 Jan. 6 25 Jan. 5 25 Jan. 5 14c Jan. 26 16c Jan. 5c 2,299 150 "1,220 357 """235 "4",968 2,188 571 86 2 2.40 3% 8% 2% 7% 24" 28" 0% 6% 22% 24% 26% 22 24 261* 23% 6% 24 Jan. 19 June 7 3% May 27 53% 9% 195* 165* 173* Oct. Jan. Dec Nov. May 14 13 29 23 27 35 8 Mar. 35 Jan. 7 15 10 28 26 49 Jan. 30 23 24% .Ian. 20% Jan. 19 12 25 18% Jan. 5 2.80 50 1.75 Jan. 4 45 Jan. 4% 4 Jan. 10 24 1% 20% 10% 7% 2% 21% 12 Sale 2% 6 1.00 8 15 17% Sale 231* 25 20% 23 4% 5 22 6% Jan. Jan. 5 31 18% Jan. 3 25 Jan. Jan. 20 18% Jan. 6 % 16% 19% 4% 19 21 5 2 5% 1.75 Jan. 45 41 4 2 4% 26 8% Jan. 5 Jan724 5% Jan. 21 40c Jan. 4 5 24% 'Jan. 20 22% Jan. 18 24 Jan. 20 Jan. 26 263* Jan. 13 24 78/s 24 24% 27% 28% 31% 27% 28% 23% 27% 29% 3% 6% 51% 8 7% 52% 4% 6% 49% 23% Jan. 27% Jan. 28% Jan. 23% Sale 29% 8 17 9 20 23 Jan. 6 25 11 4 27l* Jan. 10 3% Jan. 13 32 Jan. Jan. 29% Jan. 321* Jan. 28 9 35* July 9 10 14% * J) capital.25 1,050 Sterling Oil & Dev Co cap— 1 17,379 Studebaker Corp common.. 1 4* Standard Brands Inc com— 8,068 200 Standatd Oil (N "2",517 20% 45 100 6% preferred 930 40 30c 4% 50c 5 25c 18 22 13 50 35 12 25c 7 14% 7% 7% 35c Sale Dec 18 Feb. 85* Jan. 555* July 35c July 95* Oct. 23 3 50 June 22 35c 25c 23 Mar. 25 7% Jan. 7% 8% Jan. 25 17 Feb. 4 Sunset-McKee Salesbook Co 237 13 Class B common 8% «» M — - "2",270 5,452 w. — — — 100 m'm •— "310 _ Sale 2.25 20 44% Jan. 20 34 14% 43% 12 44 14% 45% 44% Jan. 12 47 Jan. 18 35 25 35 7% June 40% June 20 25% June 7 Jan. 24 38% Jan. 27 85 87 38% 2% 20% 39% 3% 21% 35 85c 70c 75c 70c Sale 1% 2.00 59% % 1 19 75c Jan. 20 26 69% Jan. 4 Jan. 31 1 Jan. 31 23 5% 5% 5 Jan. 26 5% Jan. 26 4 5 5 Jan. 13 5 13 4% 24% 21% 107 116% 119 Jan. 42 % Nov. 18 58c Dec 40 May 27 10 24 21 Dec 5 14 30 18 Nov. 18 1.55 Jan. 12 28 Nov. 12 15* Jan. 13 35* Jan. 17 19 IMay 25 75* July 18 113* Feb. 22 71 1 00 Apr 8 18 May 26 4 Mar 30 30 215* Mar. 30 Nov. 3 26 118 Oct 117 109 895* Dec Dec 45* Oct. 6 4 Apr. 21% Mar 23% 13 5* Nov. 16 405* June 20 365* Mar. 16 Mar. 30 % Dec 6% 6 4% July 19 28 Jan. 55% Jan. Sale 1 Sale 6% 6% 12 June 2 301* Sale Jan. 81 91 40% 3% 25% 80c 200 West'g'se El & Mfg Co com.50 Los 14 44% Jan. 68% % - j Oct. 44 70c 53% 773 West Coast Life Ins Co cap. .5 Western Air Express com—1 100 Western Union Teleg com 100 50 10 42 40 23 "1A0 1 61,152 U S Petroleum Co capital * 42,061 U S Steel Corp common 3,065 Utah-Idaho Sugar Co com..5 25 2,620 Vica Co common 110 Wailuku Sugar Co capital.20 10,515 Warner Bros Pictures com. .5 110 Jan. 45% 89 100 U S Industrial Alcohol com.* — 900 Jan. 9 9 39% 2% Sale 3% 26% 3% 18,955 United Aircraft Corp cap.-.5 5,097 United Corp of Del common * • m 37 34% * Capital 18 25 —* Class 25 100 Texas Corp common 209 Title Guaranty Co cum pf..* Union Carbide & Carbon— 330 " B common 32 * 295 - 200 .. preferred Class A 10 31 2 28 21 8 15 Superior Portland Cement 175 25 24 17% Mar. 28 14% 7% 42% * ;—* Class A common 1 1 Aug. 8 95* Jan. 7 245* July 30 27% Dec 28 285* Dec 6 30 July 27 6% Dec 4 7 25 28 7% Nov. 7 19% Mar. 30 24 Apr. 13 25% Mar. 30 281* Sept. 28 6% 51 20 Dec 86c Oct 5 Sept. 27 Sou Pac Golden Gate Co— 264 Jan. 5 55* Oct. 243* Sept. 30 1 7% Apr. Oct. 30 Apr. 16 25% Sept. 10 2.00 Feb. 23 22 Jan | 25 Oct. 20 20 4% Mar. 30 30c 1.00 Sale 5 _ Mar. 25 Dec 28 June Dec 55* Oct. 27 55* Apr. 18 2 5* Aug. 3 \%A 195* .Tnlv July 1 5 5 18 July 21 33* Nov. 30 10 June 2 5 M Jan. 56 3% Mar. 30 5% Apr. 18 10 6 27 15 19 15 Dec 16 6% Jan. June 24 1 60 Aug 10 4% Jan. 28 183* Dec 4 Jan. 8% Oct. Mar. 26 Apr. 29 Dec 28 June 9 8 July June 4 Mar. 24 8 11*2 1.65 25 28 6 31 8 22 23 40c Jan. 31 Sale 24% "4% 22 10 X 9% 13 2^8 5% 24% 30 25 1.40 7% 2% 24% 7% 12 6 ■ 23 % 10 6% 4% 6 3H — . is 20 17 * 36,272 Radio Corp of Amer com 2,634 Radio-Keith-Orpheum com. * 4,017 Riverside Cement (Del) A—* 207 Santa Cruz Port Cem com. .50 5,045 Schumacher Wall Board com* Preferred * 4,126 * 2,564 Sears Point Co Ltd com 985 Shasta Water Co common..* 655 Silver King Coalition M cap.5 27,097 Sou Calif Edison common..25 C5%% preferred 25 11,386 B 6% preferred --25 16,571 25 181 Sou Calif Gas 6% pref 7 15 28 Jan. Jan. 49% Sale 8 15 Feb. 47% Jan. 4% Jan. 5% 12 July 28 48 Vs 26 17c Jan. Jan. 8 Oct. 22% 343* 5% 7% 8 4% 8% 3 Aug. 1 23 6 28 15 21 Dec lc 28 15c 45 Sale 4% 41* a* 200 Pennsylvania RR capital-.50 997 Pioneer Mill Co Ltd capital 20 2.50 50 45 Sale 45 5% 22 1.65 1.70 Sale 6T*% preferred 100 14,218 Packard Motor Car Co com. . * 150 Pantapec Oil of Venez com.l 1,360 Park Utah Cons Mines com. -1 616 50% 6% 8% Sale 4 5 283* May 26 40% Jan. 10 3% 23 32 11 J1 13 6 4% 3% 23 31 9% 8H 23 2.50 Jan. Jan. 5c "31" 7% 31% 5 6 Jan. 50c 3.50 Jan. 505* Oct. 26 44 17% Apr. 30 Sept. 3% Sept 5% Mar. 3% Sept. 6% Feb 9 30% 115* Oct. 26 Montgomery Ward & Co, Inc, common * 15,784 202,321 Mountain City Cop Co cap .05 3,290 Nash-Kelvinator Corp cap._5 25,824 Nor Amer Aviation Inc cap__l 1,531 5,725 56 9 9 1 23c June 3 1.50 Mar. 29 211* Jan. 10c 4 3% 7% 8 June Feb. 3 17 19 7 Jan. 4 Aug. 4.95 Mar. 29 Jan. 2.00 Jan. 40% Jan. 38% 5c 6 5 6% 7 26 2.35 Aug. 18 9 Feb. 8 1.50 Mar. 29 20 521* Jan. 9% Jan. 37c Jan. 17 Jan. 26c 35c 14c 31* 51* Sale 31* 51* Jan. 3 24 8 20% 30 7 6% Jan. Sale 37% 22 20 341* 29c 2.05 43 % 10c 5c Highest Sale Prices 52% Jan. 52 201* 23 19 Lowest Sale Prices 5 Sale 25c 35c Sale 2.25 Highest Sale Prices 2.50 Jan. Sale 9 9% 30c 351* 382 Monolith Portl Cement com. * Preferred 10 865 ■6% 51 55 2.60 2.40 1,431 McBryde Sugar Co Ltd cap..5 327,819 M J & M & M Consol capital. 1 1 Sale 7 8M Sale 40c 4 6% 54 "5 % "6 % * 789 Matson Nav Co capital 1,000 15",700 6 Ltd.* 24,106 Internat Tel & Tel common.* 83,987 Italo Petrol Corp of Am com 1 7% cum preferred 1 105,202 14,170 Kennecott Copper Corp com * 11,854 Kleiber Motor Co capital.. 10 445 Marine Bancorporation cap.* 2,103 6,677 3 6 5% 1 1.50 2.40 5 Lowest Ask 3% 6% Ask Bid 2.25 2.40 Bid Ask Bid 1 capital 687 Honokaa Sugar Co capital.20 Idaho Maryland Mines Corp 4,580 1938 Sale Prices Jan. 31 Jan. 3 1938 Par Shares Shares YEAR FOR Price Jan.3 12 Months 1938 In January RANGE JANUARY IN PRICES SAN FRANCISCO AGGREGATE SALES Angeles Stock Exch. MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK 546,303 PRICES ANGELES LOS STOCK EXCHANGE In 1938 2,200 30,600 1,650 200 847 ""266 550 ""860 500 459 540 2",431 2,098 1,060 1,740 607 ""447 888 1,840 6,335 1 B 2,500 10,100 2,206 1,654 4,487 4,500 10,169 19,098 13,560 22.339 7,200 1,221 1,861 3,294 20,459 186,200 55c 90c 10 10 com 1% 62%c 15* 50c 2 2% IN RANGE JANUARY F0RIYEAR%19Z8 1 10c tr vot trust Preferred * * Creameries of America vtc.* District Bond Co ..25 Products Corp Co A ...1 5 30 Jan. 5 4c 2% Jan. 9 71* Jan. 30 5c 2c Jan. 12 2% Jan. 3 8 Jan. 14 2c Jan. 12 20 5c Jan. 4 5c Dec. 13 4c Oct. 28 Feb. 8 Dec. 12 Feb. 26 6c "28 165* 151* Jan" 17 Jan. 15 151* 17 16 Jan. 5 171* Jan. 19 671* Jan. 83* Jan. 51* Jan. 26 28 771* Jan. 8 Jan. 24 4 Jan. 24 20 6 4 3 12 81 7 9 85* 55* 95* 4% 4% 4% 4 Sale 45* 10 55* 76 5* "775* 95* 95* 105* 105* ~~8%65c 9 65* 40 ..... 390 82 Sale 410 65c 360 " 20 17% Jan. 17 Jan. 4 20 2 1 731* Sale 81* 81* 51* 51* 83* 9 31* 4% 5% 691* 70% 9% Sale 81* 81* 62!*c 70c 23 93* 61* 91* 41* Jan. Jan. Jan. Jan. - 70c 370 380 4 July 18 45* Aug. 30 Mar. 22 62 5*c Mar. 22 June 2 125* July 20 10 Feb. 23 May 25 50c Dec. 17 4 62$ 1.00 Jan. Apr. 15J* 8% 3% Oct. 31 6 Jan A 45c lc 3c 46 J* 33 3c 16 1 Apr. 30 Dec. 1 20c 52 5*c Mar. 30 25c May 26 15* Mar. 10 5c 151* 2% 47% 9% 19 10c 175* 16 5* 15* 7c 13 9 18 3c 7 13 Mar. 23 3c 17 9c 1 5* July 55* Oct. Oct. 5 _ 2c 161* 5c 4 Emsco Derr A Equip Co.....5 Jan. 21 15% 39 Douglas Aircraft Corp.. 65. 2c 7 lc 5 * 15c 75c 5 Jan. 3 13* 73* 23* 50c 2c 20 page 15* 85* 5c 16 com.. 5 Jan. Sale 10c 19 Steel Jan. 15c 25* 50c lc 1.35 Consolidated 25* May 24 13 30c 2c Chapman's Ice Cream Co.--* Consolidated Oil Corp 19 1 3 26 65c 15c 7c Central Investment Corp.100 Chrysler Corp 11 28 24 12 30c 11c * Jan. 51* Jan. Jan. 3% Jan. 103* Jan. 70c 4c * Highest Sale Prices 25c 673*c 4c ctfs_.l Lowest Sale Prices 87 %c Mar. 18 313* 75c 1 ctfs Highest Sale Prices 72c 1.00 Sale 57 5*c 25c __1 vot Ask 5c 5c 20 Oil 15* 62 %c 4% 125* 103* 33 5* 293* Sale 25c Lowest Sale Prices Jan. 31 Ask Bid __1 Byron Jackson Co Exeter 5c 3 5 100 com California Packing Corp Electrical 3% 115* 285* 7 ..... 380 Farmer* A Merch Nat Rk.lOO footnotes see 28 42c 27c Preferred Preferred 23 1 common Common 3% 1 ..100 Bid 1 35* * common 5%% preferred 417 Brock & Co 2d pref 12,950 Buckeye Union Oil 80 For Bros Co.. 6,680 Broadway Dept Store 9,200 157 Barker Bid Ask 1 Petroleum 11,600 Barn hart-Morrow Cons 11,050 Berkey A Gay Furn Co Warrants 2,200 66,545 Bolsa Chlca Oil Corp A ""685 "l",l66 Bandinl Jan. 1938 Par 400 Assoc Gas & El A 64.600 $5,500 Price STQCKS Shares Shares 1937~ Jan. 3 12 Months January 1938 Jan. 1 to Dec. 31 13,724,472 6,833,944 AGGREGATE SALES January 1937 1938 Jan. 1 to Dee. 31_... 1939 1938" 1938 645,139 Shares_ January EXCHANGE Bond Sales 1939 Stock Sales 398 631* Jan. 24 9% Jan. 17 8% Jan. 30 623*cJan. 6 360 Jan. 77% Jan. 3 101* Jan. 18 103* Jan. 4 67!*cJan. 20 4 385 Jan. 27 3c 15 Sept. 26 15 J* Dec. 10 Apr. 20 5c 22 205* July 21 205* Apr. 16 1 21 1.00 Sept. 26 Mar. 31 75* Mar. 31 88 36 25* 75* 35* 45* Mar. 30 Sept. 24 Mar. 25 Jan. 26 Nov. 1 1.45 Mar. 23 Nov. 9 105* 75* 115* 45* 55* Apr. 20 75 115* 95* Dec. 27 115* 65* Mar. 31 J .10 525*c May 25 340 Apr. 6 399 43 July Oct. July Oct. Oct. 19 26 19 27 5 Dec. 13 Dec. 14 Oct. 13 Aug. 24 Jan. 21 Feb., 1939] ANGELES LOS AGGREGATE SALES LOS ANGELES January Shares Shares 150 1,290 1,555 "2",152 25,269 3,300 14.435 14,660 477 6.848 STOCKS General Metals Corp.....2.50 50.050 165 300 199 600 2,800 7,000 lb" 166 8,313 7,116 1,670 700 37,880 50 1,220 10.500 3,300 3.950 690 750 958 20 1,242 616 200 1,010 1,368 40 10 174 120 6,490 240 2,000 29.390 6.142 2,260 37.560 28,825 943 203 30 24,000 400 8,335 311 3,740 5,726 443 1,530 9,625 9.443 100 2,205 IS * 3H -* # Goodyear t & r Akron 15.730 1,055 250 '""125 4,690 400 Preferred com. 7% 8% 5 4 18% 25 65c 80c * ihH 17 • 6% RANOE JANUARY 5c Lincoln Petroleum Corp.... 1 15c 10 1 2 l a Investment Co........10 ■?* 65c Mascot oh cj 1 1.25 Merchants Petroleum co—1 25c 4c Mid-Western Oil Co 9c 17 c Sale Sale 75c Sale 35c 6c FOR YEAR 1938 1 90c 60c Sale Nor don Corp.. 13c 14c 28c 1.15 Sale Alloys lnc a.. 9 10% 49% Sale 6% 8 9 110 42 1 90c ..... Pacific Clay Products.. * 4% Pacific Distillers Inc. ......1 45c Pac Finance Corp common. 10 11 Preferred series a .10 Preferred series c ..... 1st pref 6% 5%% 1st preferred .25 25 12.410 Pacific Indemnity Co......10 3.711 Pac Lighting Corp com.....* 595 $6 preferred............ * 1,400 Pacific Public Service.. * 700 First preferred.... .....* 645 Pacific Western oh Corn 2,000 Puget Sound Pulp & Timber* 76,150 Republic Petr Co Ltd 1,271 Preferred 10 50 ... 23,186 Rice Ranch Oil Co.... 1 199,881 Richfield Oil Corp common.* 13,733 Warrants............. 27,695 Robert Public Markets. * 178.470 Ryan Aeronautical Co 1 1.25 6§c* 12* 9 10 Pac Gas & Elec Co com....25 Safeway Stores lnc * 2,088 Samson Corp b common... 9,710 0% Preferred ......... 10 3,491 Security Co units 525 Shell Union Oil Corp.......* 340.100 Sierra Trading Corp......25c 17.100 Signal Oil-Gas a * 140 Signal Petroleum Co 1 .... 6,500 Sontag Chain Stores Co Ltd. * 39,647 So Calif Edison Ltd com 25 2,802 Original preferred...... 25 22,977 6% preferred..... ..25 18,827 s%% preferred 25 200 So Calif Gas 6% pref So 25 Calif Gas a 5% pref Southern Pacific Co 25 10s Standard oh of Calif 26 28 X 25 X 19% 35% 27 X 29 X 26 x 20% 35% 105 5 4% 17 15 101 6% 12% ex 3% 28% 4% 32 15c 25c 11% 5X Sale IX 2 3% 3% 1.25 Sale 20 1% 2% Sale 23% 25 iex Sale 19X 20 "7% Sale" 21% 22 X 36 26 X 37 X Sale 24X 24% 27% 28 X 29 17 X 18 X 31 11 4,632 Universal Cons Oil Co.... 10 Van de Kamps Bakeries ;.. * 100 Victor Oil Co 10 915 Weber Showcase & Fix pfd..* 23.105 Wellington Oil Co 1 700 Western Air Express Corp. 200 Western Pipe & Steel Co. .10 8.500 Yosemlte Portl Cement preflO 9% Sale 8% 8% 5% 7% 11 33% Sale 101% 104% 30% Jan. 26 33% Jan. Sale 39 Sale 1 ----- 43X Jan. 7% Jan. 8% Jan. 5 23 6 28 Jan. Jan. Jan. Jan. 4 6 7 10 31 2% Sale „2% Sale 15 10% Sale 18% Sale SH ex 90c I* ex IX 6 6 3% 2X 3 10% July 21 25% Mar. 31 6% Sept. 26 "23% 12 2X 22% 6% 1% 2 Jan. Jan. Jan. Jan. Jan. Jan. 12 23 26 26 40% Jap. 5 1.40 2% 22% 8X 2% Jan. Jan. Jan. Jan. 12 23 5 5 40c 45c 36c Jan. 4 21c Jan. 03c 9 06c 10 11c 02c 08c 03c Jan. 10 03c Jan. 7% 2 12c 09c Jan. 26 12c Jan. 18 31% 2% 4% 26 Jan. 24 2% Jan. 3X Jan. 25 5 34% Jan. 2% Jan. 4% Jan. 4 7 27 20 50c Jan. 20 4 Jan. Jan. 25c Jan. 23 4% 50c 55c Sale 21c 50c 15c 50c 03c 05c 04c 90c "48c" 60c 1.40 25c 55c 24 5% Jan. 4 05c 1.40 "50c" 7% 10 10% 28% 29% 31% 32% 28% 29% 27% 28 43 % Sale 108 Sale 6% 20% 11% 5% 7% 21% 12% 6% 3% Sale 35 18c 9 40 Oct. 55c Jan. 11 49c 10c Jan. 6c Sept. 26 May 16 21c 4 20c 17c Dec. 24 85c 75c Jan. 16 85c Jan. Jan. 3 7 17 70c Dec. 28 7% Jan. 19 5 25c Jan. 5 9 2% Sale 3% 3% 7% Sale 29% 7% 6% 30c 6% Jan. 18c 10% Sale 10% 10% 9% 10% 9% 29% Sale 26% 31% 32% 31% 28% 29% 29% 28% Sale 27% 42 43 42% 108 100% 108 6% 6% 6% 21 20% 21% 10% 11% 10% 4% 5% 3 35% 25c Sale 28% 3% 6% 20c 25c 3% ...I 27c 9% Sale 2% 3 3% 3% 6% Sale 70c Sale 36% 37% 3% 7% 26% 28 13% 14% 5 Jan. 14 20c Jan. 6 Jan. 28 12% Jan. 6 Jan. Jan. Jan. Jan. Jan. 24 9% 29% 32% 29% 28% Jan. 24 Jan. Jan. 28 30 Jan. 18 Jan. 5 Jan. Jan. 20 31 13 Jan. 44 3 108% Jan. 20 20 26 Jan. 11 Jan. 24 21 Jan. 24 Jan. 18 10% Jan. 31 2% Jan. 6% Jan. 19 11 30 15% Sale 06c 6 3 Jan. 23 30 Mar. 26 Mar. 31 Jan. Jan. 21 17 16c 5 JOty- 20 Mar. 25 Jan. 18 23 Jan. 12 Jan. Jan. Jan. Jan. 24 Jan. 27 Jan. 4 36% Jan. 31 50c 5 9 27 10% 3% 3% 7% 70c Jan. 9 Jan. 3 Jan. 24 12% Jan. 26 28% Jan. 12% Jan. 25 05c Jan. 10 06c Jan. 27% Jan. 26 32% Jan. 12% Mar. 1.25 Apr. 2% Mar. 23 Oct. 13% Sept. 3 5 28% 30% 25c 02c 26 6 30 22 16 24 14 18 7% Jan. 3 19% May 31 19 35 28% Jan. 27% Jan. 4 23 25% Apr. 23% Apr. 1 1 31 32 30% Nov. 4 31% 32 21% Sale 32% Sale 17% Sale 28 28% 2 2% 40% Sale 6% 8 6% Sale 18% Sale 13% 14 7% 8% 80c 1% 4 3% 17 3% Sale Jan. 27 Jan. 17 29% Jan. 27% Jan. 32% Jan. 32% Jan. 15% Jan. 27 Jan. 13 33 Jan. 18 26 4 25 2 Dec. 28 3 26 8 Mar. 26 Dec. 16 32 3 6 20 2% Jan. 25 21% Jan. 28% Jan. 2% Jan. 40 Jan. 30 43 Jan. 8% 6% 18% 13% Jan. Jan. Jan. Jan. 8% 7% 9% 15% Jan. 4 Jan. 10 26 28 Jan. 5 Jan. 3 Jan. 20 8 Jan. 20 4% Jan. 30 5 30 Jan. 24 5 Jan. Jan. 3% Jan. 23 3% Jan. 27% Sept. 14 9% Mar. 30 25% Mar. 31 9 8 4 26 4 3 5 5% 17% 6% 5% Dec. Mar. Jan. Mar. 1 July 3 X Apr. 31 25% Nov. 2 3 July 30 7} Aug. 3 31 July 19 17 2 July 2 4 8 31 26 16 21 6 10% Aug. 20 24% July 20 43 Mar. 18 2% Mar. 24 19 Dec. 13 28% Dec. 28 27% Dec. 31 31% Dec. 22 31% 21% 34% 3% 46 13% 12% 22% 20% 9 1 5% 6% 4% Dec. 7 June 18 3 4 20 3% 13 10 26 30 XT—, 30 17 5 Jan. 8 6% July 40% Nov. 26c May 9% Dec. 4 4 43 4 Dec. 16 Dec. 30 Dec. 27 July 20 Nov. 14 Jan. 14 Nov. 3 Feb. 24% Jan. 8 8% 6% Sale 18% Sale 15% Sale 7% 8% 60c 1% 4% 8 4% Sale 4% 4% 17% 20 3% 4 Nov. 9 Dec. 31 Dec. 7 Oct. 11 2% Sale July May 19 May 24 Oct. 25 2 5 7 14 25 19 26 17c Jan. 43 10 25c Jan. Sale 31 26 5 26 " 10 39 4 42 28 Jan. 16 Feb. 23 33 9% July 49c 6 26 May 26 8% 9% 23% Sale Sale Sale 1.20 Jan. 30 18 43 29% 27% Jan. 6 8 26 27 20 Mar. 30 5c 8% 10 24% Sale 42% 43 28% 29 27% Sale < 30c 29 25c 25c 44 July 9 6 31 29% Jan. 8% 2% 3% 5% 36 3°c 06c 31% Oct. Jan. 21c 1.10 Mar. 30 .2% May 20 1.05 Mar. 30 Jan. 25c 05c 30% Dec. 25c 70c 15% 9% Mar. 26 12% 11% Dec. 1 9 Jan. 7 9% 23% Mar. 31 30 28 Apr. 25 32 26 Sept. 8 28 18% Mar. 26 28% 32% Apr. 30 43% 101% Mar. 29 109 7% 4% Mar. 9 17% May 7 20% 14% 10% Dec. 24 4 7% May 26 Jan. 26 36 ..... 28% 14% 10 25c 11 25 19c 75c 25c 23 Jan. 17c 22c 77 %c 80c 12 Oct. 1.30 Sept. 8 2.50 Aug. 18 22% July 0 Jan. Jan. 11c 6% Jan. 44 Mar. 21 50c 08c 11% 12% 25c May 26 09c 18c Sale 10c • Jan. 21 % Dec. 11% 07c 30% 2% 50c 20 76 27 2 July 5% Apr. 7 10 2% Oct. 50c June 20 35c Aug. 13 57 %c Apr. 8c 4c Oct. 18 Aug. 10% Aug. 10% Aug. 27 18c Jan. 7c Sept 30 5% Mar. 30 37% Dec. 2 Jan. 5 3% Mar. 3 X June 6% July 9 49c May 10 75c Jan. Mar. 26 5% Dec. 80c 50c Dec. 6 22c Aug. 9c Feb. 19 3c May Dec. 13 85c 2% Jan. 10 4 Oct. 6 1.30 Jan. 16 11 7 37% Dec. 15 Jan. 25 65c 20 40c 10c 27 . 6 Jan. 22% 6% 1% 33% 34% 2 % Sale 3% 4 50c 70c 5% Sale Jan. 7 3% Mar 29 3% Mar. 12 ,17 Apr. 7 11% -uly 23 53% Nov. 9 9% July 7 12 July 23 7 July 19 76 24 8% 2% 05c Sunray oh Corp....... 1 Superior Oil Co common 25 Taylor Milling Corp....... 3,200 17% 6c 29 .25 21 75c • 200,483 Transamerica Corp 98,328 Union Oil of Calif Highest Sale Prices 21% 7% 1% Rights """800 Lowest Sale Prices Jan. 50c B 38,200 Occidental Pet Corp....... 1 40.500 Oceanic Oil Co Highest Sale Prices 50X 7% 9% 5% ex 5% 7 37% 39% 1.10 Vi Ask 39 1.25 6 37 108 4 10 5% 6% Lowest Sale Prices Jan. 31 % Ask Bid 2 * Mt Diablo oh Ming ft Dev..i Mills Bid 36c Lockheed Aircraft Corp l a Industries lnc Menasco Mfg Co 2 7X 1.25 .... 21,600 Intercoast Pet Corp....... 24,600 Jade Oil Co .......i 200 Langendorf U Bak B. ..* 8,564 57,509 54,627 13.000 26.330 7X Sale i 200 7,500 16,700 21,698 1,955 1,250 7.738 5.070 1,867 Ask 77 26 ....... Honolulu Oil Corp 1,620 Hudson Motor Car Co 15,000 Hupp Motor Car Co 116.873 97,281 100,775 14,064 17,600 306,075 6,961 52,800 2,155 575 21,200 285,300 6 30 % 7 Gladding McBean & Co Globe Grain & Milling Co..25 58,710 Hancock Oil Co a 83,950 Holly Development Co 1,010 Holly Oil Co 100 28 595 10 Bid Golden State Co $5 Jan. 3 1938 General Motors Corp General Paint common.. 30 "2,484 IN Price Jan. 3 Par 1,100 "4",500 65 EXCHANGE PRICES STOCK EXCHANGE 12 Months 1938 In STOCK 19 3% Dec. Jan. July Jan. July Feb. Jan. July Aug. July July Nov. Jan. Dec. 22 12 2 *4 25 20 23 23 12 13 10 26 21 21 11 6 Mar. 18 July 29 mining stocks— 310 28,500 42,700 20,180 975 21,000 T.IOO 2,000 1,705 258,950 Alaska Juneau Gold m ColOc 11% 11% Black Mammoth Cons m Co 10c 18c lc 10c 25c 704,100 Calumet Gold Mines Co.. 10c 108,750 Cardinal Gold Mining Co 1 17.900 Cons Chollar g 5c s Co.... 303,000 2,200 12,909 105,500 656 2,381 3,078 355 52 1,890 50 2,205 335 130 443 1.145 827 680 315 4,472 905 650 805 1,657 345 1,480 735 671 1,420 410 2,174 4,540 5,756 1,240 259 1,121 1,013 1,584 20c 3% Imperial Development Co.25c Prince Cons Mining Co 10c 3X lc 2c Tom Reed Gold Mines Co 1 25c" Zends Gold Mining Co 1 6c uwl 633 l%c 35c 7c 12 144| 28! Sale 145% 29% .... 1.300 Canadian Pacific Ry 1,025 Caterpillar Tractor 200 Cities Service Co 200 Claude Neon Lights lnc 20% 4% 11% "11% * 47% 48% 1 87 %c "lX Com'wealth & Southern....* Continental Oil Co (Del)...5 Curtlss-Wright Corp..... 1 7% 1% 7} 2 29% 30% 4% Sale 1 Electric Bond 5c Share 5 8% 9% Electric Power 5c Light Corp. General Electric Co..... * 40% "41% '13% "14% International Nickel Co....* 43% International Tel & Tel....* 5% 35% 44% Kenorcott Copper Corp Loew'a Inc............... * * Montgomery Ward 5c ce * n y Central rr ♦ No Amer Aviation lnc North American 1 Co * 30% 15% 44% 6% 36% 45% 31 16 9% Sale 19% 19% Ohio Oil Co Packard Motor Car Co .....* 4 4% "6 6% Paramount Pictures Inc..... Radio Corp of America.....* Radio- Kelth-Orpheum * No par value, f Delisted April 15,1938. close of business Oct. 20, 1938. Q5%c Sale 10 10 Jan. 10 13 Feb. 23 %c 25c 01c 01%c 21c Jan. 25 30c 12c Mar. 39c Oct. Jan. 30 05c Jan. Jan. 10 01c 3 May 16%cAug. 10 06c 07c 10c %c 4c 9% 10 9% Jan. 30 2 2 Jan. Jan. 27 01 %c 45c 60c 10c 15c 01c 02c 01c Jan. 10 35c 50c 09c 10c 10c Jan. 03c 02 %c 04c 9% Dec. 1% 2% 01c 05c 1% 10c 03% Jan. 22c Dec. Jan. 6 2% Jan. 16 02c Jan. 6 lc Mar. 17 10c Jan. 17 27 04c Jan. 20 50c 10c 3c Oct. Dec. Mar. Jan. 21 4% Apr. 6 3%c July 11 1% Sept. 5 4 16% 15% 18% Jan. 18% Jan. 42 Jan. 26 4 45% 44% 53% Jan. 3 157% Jan. 21 152% 153% 149% Jan. Jan. 26 33% 34% 29% 29% 26 5 36% Jan. 5% 5% 5% 6% •5% Jan. 10 5% Jan. 10 22% 22% 22% 21% 21% Jan. 30 22% Jan. 6 7 7% 3 8% Sale 6% Jan. 26 8% Jan. 3 4 4 3% 3% Jan. 3% 3% Jan. 'A* 26% Sale 3 23% Jan. 26 28% Jan. 28% Sale 31 32 31 Jan. 26% 27% 25% Jan. 24 6 5% 4% 5% 6% 4% Jan. 24 5% Jan. 25 46 47 42% 43% 42% Jan. 30 47% Jan. 5 7 8 7% 7% 62 %c 75c 1% 1% 7 8 Jan. 19 7% Sale 7% 6% Jan. 11 12 12 Jan. 16 12 Jan. 16 11% 11% 11% 5 1% 1% 1% 1% 1% Jan. 1% Jan. 19 27% 30% 31% 5 27% 27% Jan. 24 30% Jan. 7% Sale 7% Sale 3 5% Jan. 24 7% Jan. 26 24 Jan. 26 27% 27% 25% 24% Jan. 21 11 Jan. 11 11% 10% 10% 11% 12% Jan. 19 11 10% 10% 11% 10% Jan. 24 12% Jan. 19 43 40% 43% 39% 37% Jan. 26 39% Jan. 28 39 Jan. 20 38% 39% 38% 37% Jan. 26 40 21% 5 23% 24 20% 18% Jan. 26 24% Jan. 54% 6 55% 50% 51% 55% Jan. 6 55% Jan. 9% 8% 9% 8% 8% Jan. 26 8% Jan. 12 42% 43% 37% 37% 35% Jan. 28 39% Jan. 14 5 53% 54% 48% 48% 46% Jan. .28 52% Jan. 50 49% Sale 50% 46% Jan. 25 47% Jan. 12 18% Sale 4 21% 22% 17% Jan. 27 22% Jan. 19 Sale 3 17% Sale 14% Jan. 24 i9% Jan. 4 24% 24% 22% Jan. 24% Jan. 19 "9% ""9% 10 Jan. 3 9% 9% Jan. 24 4% 4 Jan. 26 6 4% 4% Jan. Sale 13% Sale 3 11% Jan. 31 13% Jan. Sale 7% 8 7 Jan. 24 8 Jan. 5 2% 2% 2% 2% 17% 51% 149 18% ... 150 50c 25c 9c 9% Mar 30 49% Oct. .♦ 3% 4% t Delisted May 25,1938. Oct. May Jan. 21 4 4 a 18% Oct. 56% Oct. 149% 21% May 26 41% 4% June 14 Aug. 3 25 1! 14! 30 „ 5% 36% 9 1% 6 8% 1.00 22% June Jan. 3 10 July 14 Sept. 15 Mar. 23 Aug. 10 June 15 Sept.23 Jan. 26 Sept. 15 Mar. 29 3% Mar. 31 24% Oct. 13 5% Mar. 25 8 Sept.13 28 Mar. 31 36 Nov. 26 10% Mar. Sept. 5% Mar. 27% Mar. 50 July 47 31 14 31 29 Mar. 28 Removed*Oct. 10, 1938. 31 25 10% Mar. 26 6 15 Mar 30 Mar. 29 9% Dec. 9 3 % Mar 30 6% Apr. 7 5 Mar. 29 l%June 2 14 18 Nov. 10 Oct. 17 6% July 18 Aug. 3 8% Dec. 30 25 Mar. 25 3 Vi n7% i Removed Sept. 8. 5 Mar. 30 112 • Columbia Gas 5c Elec Corp Commercial Solvents ._..* Class a 19% 3% 25 674 General Foods Corp * Goodrich (b f) Co.........* 1,935 4,718 6,334 3,262 351 8,447 21,298 65,824 4,128 3,223 10,820 10,013 21,753 5,310 10% sted stocks— 9.758 Amer Rad & Stand San.. _• 1,145 Am Smelting & Refg Co 100 3,157 Amer Tel & Tel Co.. 13.021 Anaconda Copper Mining..50 1,300 Armour 5c Co (111) 5 300 Atlantic Refining Co 25 12,465 (The) Aviation Corp <De1)__3 100 Aviation & Transportation. 1 5,021 Bendix Aviation.......... 5 2,385 Borg-Warner Corp....... 5 4,372 2,667 9,186 1,440 29,730 1,545 2,050 3,180 5,302 9% 23 %c 25c 05c Sale June 3 3 Dec. 29 36 Oct. Nov. 24 19 9 July 13 July 10 June 15 Oct. 17 12 Aug. 8 2% Oct. 27 32% Sept. 12 cly* Dec. 30 28 Dec. 29 10 Oct. 14 13% July 20 45% Jan. 10 39 Nov. 18 26 h Nov. 10 55% Dec. 29 5 11% Oct. 47% Nov. 9 Dec. 60 6 53% Nov. 9 21% Dec. 31 19% Dec. 30 26 Nov. 10 12% July 13 5% Oct. 27 13% Dec. 31 9 Oct. 21 5% Jan. 10 b Suspended from trading 66 LOS ANGELES AGGREGATE SALES LOS ANGELES STOCK EXCHANGE PRICES UNLISTED January 1938 Shares STOCKS Shares 1938 285 668 1,052 305 Par Bid 13,226 Republic Steel Corp..... * 1,330 Seaboard Oil Co of Del * 1,505 Sears Roebuck Ac Co... 4,275 Socony-Vacuum OH Go.....* 2,155 Southern Ry 5,058 54 609 20% 20% 54% 568 Swift & Co 247 899 8% 46 25 25 3,042 Tesas Corp....... 3,452 Tide Water Assoc Oil Co..10 331 7% 45% * 25 25 10,717 Studebaker Corp 2,010 "38"" "38% 13% 14% 526 Union Carbide & Carbon 619 3,921 Unltei. 792 800 ircraft Corp ' * 6.240 United C rp (Del) • • 3.670 U S Rubber Co 11,299 U S Steel Corp 100 Warner Bros Pictures.....8 22,505 590 Westinghouse Elec Ac Mfg..50 1,240 3,064 1,280 389 JANUARY RANGE "3% ""3% 22% 22% 52% 53% 6% 99% 6 98% Bid Ask B 23% 21% 72% 13% 21% 6% 51% 7% 18% 47% 13% 89% 39% Lowest Jan. 31 Jan. 3 Ask ...... 6.492 Standard Brands Inc 1,656 Standard OH Co (N J) 1,396 IN FOR YEAR 1938 Price Jan. 3 12 Months In STOCK EXCHANGE 24% 22% 73% 13% 22% 7% 52% 7% 19% 14% 90% 40% 3% Sale 68% 6% g; 21% 20% 68% 64% 12^ 13 18% 19% 6% 6% 49% 50% 7% Sale 18% 19% 44% 44% 12% 13% 84% 85% 21 20% W? J*?* 18% Jan. 19% Jan. 69% Jan. 26 28 23 13 Jan. 18 16% 6% 50% 7% 18% 44% 12% 82% 40% 3% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 25 24 17 13 30 23 27 26 4 31 3 3% Sale 51% 43% 44% 42%J an. 56 Jan. 67% 59% Sale 5 % Sale 6% 5% Jah. 110 Jan. 109 117% 118% 108 Cleveland Stock 23 51% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 30 69 Jan. 3 6% Jan. 5 27 46% 13% 90% 40% 3 % 17 110 Jan. Highest Sale Prices , Sale Prices 25 Jan. 4 21% 69% 13% 23% 6% 50% 8% 19% Lowest Sale Prices Highest Sale Prices Ask 3 23 5 4 12 17 18 1 17 3 4 4 20 3 17 13 May 24 19% Mar. 24 June 20 59 12% Apr. 5 Oct. 14 5 6% Dec. 20 44% May 28 5 Apr, 20 18% Dec. 13 34% May 31 10% Mar. 29 81% Sept. 29 24% Apr. 9 2% June 7 25% June 1 38% Mar. 31 3% Mar. 26 65% Apr. 1 25% Not. 16 26% July 19 73% 15% 22% 9% 55% 9% 18% 28 13 31 11 16 21 2 Dec. July Dec. Jan. July Oct. Dec. 46% Sept. 19 15% July 23 81% Sept. 29 43 Dec. 29 4% Oct. 17 55 Oct. 13 68% Nov. 9 8 July 19 99% Sept. 2 9 Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON Stock Sales THE CLEVELAND STOCK EXCHANGE 1939 January Shares- PRICES STOCK EXCHANGE 1938 Shares Shares 380 650 465 "with proxy" 481 57 cum 15 Caafield OH 7,870 City """21 » Jan. 3 Ask 10 4 5% 8 437 31 10 41 68 % 92 4% 4% 105,596 Cllffi Corporation v t c 4,489 Colonial Finance Co com 145 53 _• 1,218 1,197 1,539 65 105 Dow Chemical 339 Foitoria Prened Steel. 545 General Tire & Rub com 115 198 General Tire preferred 30 31 15% Sale4 Bros 2,604 1.181 2,255 8,497 2,553 5,995 15 373 354 793 100 18 5 5 ...... .....50 • lnterlake SS... §4% 58 15 14 20 ....* Heel 1 4% Sale 6% 12 % 3% 4 2% 31 Sale 3% .......100 1,689 National Acme Co common. 1 8.874 National Refining 25 '3»"SK 9 Preferred 2% ..........* 598 Ohio Confection....... ..* 2.106 Otis Steel Co common * 3.274 Packer Corp...............* 4.253 Patterson-Sargent '""747 126 475 50 5,335 Reliance Elec It Eng 27.455 Rlchman Bros... 4,506 Selberling Rubber • 3,891 Preferred..............199 5,425 S M A Corp common ....1 378 Stouffer Corp— 4,327 903 2,198 """25 Class A 52.25 cum pref 662 • 1,174 3 273 320 5% 4 Jan. 13 20 31 23% Jan. 3% 85 3 4 11 Mar. 29 14 10 May 18 11 13 Dec 10 12 118% Jan. 19 109 6 Jan. 14 60 Jan. Jan. 60 Jan. 7 26 12 70 16 2 W 51 I* is* it* w 5 15% 33 17 Sale 15 19 2% 2% 60 3 75 17 8 20 6 11% 14% 4% 15 5 IV 33 24 10 19 14% Sale 17 Sale Sale 10% 33% Jan. 10 42% Jan. 11 42% Jan. 11 32 Jan. 19 33 Jan. 19 Vk* 14 Jan. 26 15 Jan. 24 39 40% Jan. 19 Jan. 10 4% Jan. 9 40 20 Jan. Jan. 23 4% Jan. 9 100 4% 34% 16% W* 3% "6% 10 100 Sale 33 Jan. 26 36 Sale 15% Jan. 27 Jan. 12 3% Jan. 30 7 16% Jan. 14% Jan. 4% Jan. 17 Sale 6 Sale 11 13% 12% 14% 33 35 14% 2% 16 3 60 14 Jan. 14 Jan. 14% Jan. 32% Jan. 23 25 Jan. 30 2% Jan. 13 14 Jan. 27 3% 15 7% 11% 20 51 14% Jan. 23 36 Jan. 12 16% Jan. 2% Jan. 7 13 Jan. 5 9% Jan. 18 Jan. 9 21 Jan. 6 9% Jan. 18 51 Jan. 9 5% Jan. 4% Jan. 5 17 14% 27 1 28 19 9 14 Aug. 11 100 Dec. Dec 255 Oct. Sept.19 37 Dec. Nov. 17 29 Jan. 19 50 June 1 Feb. 7 14 Dec. 28 42% Dec Apr. 14% Sept. 11* Apr. 88 Apr. 13 16 I* 24 11 35 28 17% 40% 2 12 100 Dec 4 28 6% 27 Mar. 31 44% 12 Sept.15 20 June 2 13 18% 3% Mar. 30 6% 26 Dee. Dec. Jan. Dec. 30 Jan. 18 25 26 18 Oct. 27 Jan. Jan. Jan. % 21 17 12 4 Mar. 23 33% Dec. 13 14% Dec 22% Apr 22 34 29 4% Sale 10% 13% 4% 4% Sale 7 13 4 Jan. 18 Mar 30 2% Dec 60 Aug 16 20% July 19 Apr. 21 27 65 Mar. 8 Dec 21 6% Feb. 18% Sept. 12 July 52 Sept. 12% Sept. 4% Jan. 17 13 12 Apr. 9 5% Mar. 29 Sept. 3 8% June 11 2% Sept. 23 52 7 30 3 10 11 4 17 Jan. 17 23 75 11 30 Jan. 11 28 Feb. 8 29 25% 26 Jan. Jan. 6 26 Jan. 6 20 June 15 33 Oct. Jan. Jan. 13 Dec. 21 13% 12% Jan. 8% Jan. 13% Jan. 23 12% Jan. 8% Jan. 14% Jan. 23 Jan. 26 35 Jan, 6% Jan. 11 6% Jan. 1% Jan. Jan. 1 % J an. 3 13% Sept. 26 1% Dec 14 % Dec 23 40 5 1 30 16 9% 12% 33% Sale 58 6 Sale 33 Sale 10 Apr. Jan. 10 5 5% 50 Jan. 4 1% Sale 11 , 35 22 3 27 4 9 20 4 Apr. 12 13% Dec. 15 9 Dec. 19 23 13 Dec. 14 17 30 20 8% Apr. 26 33 3 Mar. 28 Mar. 26 60 Feb. 28 3% June 30 1 14% Nov. 12 11% Jan. 17 19% Feb. 10 14% Oct. 26 39 July 12 5% Dec. 29 50 Nov. 10 13% July 23 10 2 Jan. 3 63 Jan. 7 12 34 21 Jan. Jan. 20 34 Jan. 30 33% July 11 35 Sept. 26 26 21 Jan. 26 4% Jan. 3 Oct. 18 Aug. 15 Dec. 24 21 3 27 3% Jan. 8 June 16 Apr. 29 9% Mar. 30 3% Dec. 21 1% June 8 5 Mar. 26 7 Feb. 1 Not. 12 in Jail. 26 4% Jan. 10 3% Jan. 28 5 7 5% Jan. 6 2 1% Jan. 14% Jan. 9 4% Jan. 5% Jan. 1% Jan. 5 6 9 4 14% Jan. 17 13 Oct. 1 20 Jan. 66 5 67% 7 45 May 25 63 Not. 2 14% 1% 13% 100 60 69 60 W* 70 11 14 10 4 12 Jan. Jan. 1% Sept. 27 13 5% Juiy 5 11% Dec. 10 3 1% 13% 26 22 26 50 13 y Sale 1 Jan. 3 22 4% Jan. 11% 6 2* Mar. 31% Jan. July July 21% Feb. 20% Jan. July July 65 70 ,11% 4 18 8 12 Mar. 30 Nov. 12 24 84 3 5 23% 11% 58 20 il3% "14% 9 7% 14 13% 10% 12% 34% Sale 12 6% iH Dec. Jan. 8 Jan. 75 30% "25% 25 4 32 24 6 28 16 25 24 10 Jna. 66 w* Jan. 11 32 20 25 1 30% 18% 20 38 Sale 29% 31 3 Jan. 18% 38 25 Jan. Sept. 17 2 20% Dec. 2% July 22 65 Nov. 10 2 29 10 Jan. 14 100 "30" 100 ""5% 12 66 im 25 33 20 75 "15"" 28 15% Sept. 27 7 18% Jan. 1 9% Apr. July 14 2 4 19 25 27 7 1 Jan. 117% 117 60% Jan. 15 Jan. 15% 115 13 17 21* 28 8 Jan. 34 % % Dec Jan. 17 Feb. 21 Mar. 21 July 8% Aug. 40 July 97 May Aug. 12 3 41% June 107% Jan. 13 113 13 19 Sale common... Jan. 12 31 6 432 White Motor Co 60 19 113%J an. 15 22% Jna. 13 26 2 1 5 ""2% Jam" 13 Jan. Jan. June 27 Sale 39 21 13 230 ..... 26 7 6 23,753 Van Dora iron Wks Co com.* • 1,553 Vlchek Tool 2 3,753 Warren Ref Ac Chem ootn 4.744 Weinberger Drug. 410 W R I Carp pref 199 35 100 13 3 I* 706 Union Metals Mfg Co 4.854 Upson-Waltea "'578 Jan. Jan. 20 10 3% _....* 10 Jan. 27 11% Sale 17 2,910 Thompson Products Inccom* 2,745 Troxel Manufacturing ....1 220 10 Jan. 19 14 12 "3% ""4" • 214 Nineteen Hundred Corp A__* Brass B 3% .......lfi 13,832 National Tile 3,819 Nestle Le Mur "A" Mar. 25 4 11% Jan. 12% Jan. 21% Sale * common 31 18* 80 9 40 2% 3 2% 59 56% 59% 113 107% 115 20 22% Sale 58 . 1.531 Ohio 21 12% 597 Miller Wholesale Drug * 931 Monarch Machine Tool Co..* 1,575 Murray Ohio Mfg * 20 Myers (F E) & Broi Co com..* 7% Jan. Mar. 15 % Aug. 3 16 16 % 25 3 61 95 28% 1,455 2 57 107% 38% 40 43 * 18 May 31 13 July 13 8% Dec. 13 11% Jan. 26 Aug. 70 6% Jan. Mar. 26 14 "5" "6"' » '""35 23 10 Mar. 23 10% 50 _• """927 13% Jan. 50 18* 40 14"" "41"" 5,151 Metropolitan Paving Brick..* 137 27 95 • New 12% Jan. g* >!* 18 100 Hanna (M A) 55 pref Preferred... Sale 23 100 Preferred 7% 30 100 ...» 832 7 4% Dec 6 Jan. 85 23 7.028 Medusa Portland Cement...* 1,774 Jan. 8 10 7% 3% 200 10 9 7 19% 306 155 3 Jan. 19% 18 321 155 Jan. 8 80 16 330 Mc Kay Machine 2.398 McKee (Arthur G) B 120 9 9 15% 85 14 70 Jaeger Machine.. Kelly Island L Ik T 187 8 8 85 15>* Harbauer 3,558|Llma Cord Sole Ac '"""30 Highest Sale Prices 20 63 13.628 Lamson Sessions.. 2.905 Leland Electric 1,420 Lowest Sale Prices Sale 10 .24 Cooperage......* 403 Halle Bi'ofben.... 33 8 6% 10 "29% "39" * 306 Great Lakes Towing 246 Preferred 1,101 Grelf Highest 16 19 * 3,399 Goodrich B F Co common 7,062 Goodyear Tire & Rub com..* 331 1938 Sale Prices July 21 95 July 12 7% Sept. 28 63 May 7 * 705 65 YEAR Lowest 73 Sale 486 Foots Burt 20 6% * Klec Controller Ac Mfg Faultleii Rubber.. acFederal Knitting Mills....* 50 adFederal Knitting Mills...* 100 6% 116% 170 a&Federal Knitting Mills....* 220 6 7 80 107 % 109 66 79 5% pref.. .100 2,285 1,020 1,330 Ask 95 100 12 1 362 Commercial Bookbinding---* \25 10 13% 50 2 3% 58% 61 101% 112 * 190 800 Cleveland Ac Buffalo Tran._* 8,336 9 12 "If" Sale" new 705 Clev El 111 $4.50 cum prei 22,667 Cleveland Ryi„. 1.833 Sale 8% 2,055 Cleveland Bulldera Realty..* 12,693 Cleveland Cllffi Iron pref...* 216 FOR Sale Prices Jan. 31 Ask Bid 6 6 11 10 1 4,201 Clark Controller Bid 100 common 55 Canfield Oil 7% cum pref 100 Ice Ac Fuel... • 65 Preferred ...100 761 Bid * prior pref 100 18,495 JBrewlng Corp of America..3 2,826 « 1938 Par 2,369 Alt-Way El Appl lit 7% pf 1M 1,684 Akron Brass Mf^ common...* 3,024 Amer Coach & Body 5 2,384 Apex Electric £c Mfg • 16 100 RANGE JANUARY Jan. 3 STOCKS January IN Price 12 Months In Jan. 1 to Dec. 31. 612,399 CLEVELAND fAGGREGATE SALES 1937" January 1937 408,371 1938 1938 31,030 1938 Jan. 1 to Dec. 31 1939 Bond Sales 1938 41,792 5 7% July 2% Jan. 1 5 25 4 11% Dec. 28 11% Dec. 28 85 85 Youngstown Sheet Ac Tube— 14 •>«■•••> _____ Ax 5H%cum pi v a police rk.ivv v-MCM pref series A. 100 v / J /v a.N ..... No par value, a In liquidation, b First payment endorsed Name changed; formerly Peerless Corp. 80 c Second payment endorsed, d Third payment endorsed. Oct. 20 Oct. 2 fO In the earlier part of this publication complete records of the dealings the country, for the latest month and for the calendar year to General Quotations we combine in one only those dealt in index to date, are on the leading stock exchanges of furnished. In this department of comprehensive whole, securities of all classes and descriptions, not the exchanges, but also leading unlisted and inactive securities. The following is an on the different classes of securities quoted: Pago Exchange Seat* — Federal Land Bank Bond» .. Joint Stock Land Bank Securities 91 Foreign Government Bonds Mining Stocks 81 — Industrial Stocks . . 71 Real Estate Bonds.. 91 Real Estate Trust and Land Stocks 84 93 Textile Stocks 84 73 Title Guarantee and Safe Deposit Canadian ... 84 —_ Pago Railroad Stocks.................. 84 Public Public ..... Utility Bonds 99 .... —— — 111 ... .....—........... Municipal Bonds—Domestic............. 92 Industrial Bonds Insurance Stocks Page 83 Utility Stocks Investing Companies Securities.......... 72 Railroad Bonds 112 ... ..... Stocks. 84 ........ 78 United States Government Securities ............ .... 67 United States Territorial Bonds..... 91 91 ... Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue. The letter "f" prefixed, to bond prices denotes that the quotation is a flat price—that Is, that the accrued Interest forms part of the price, and therefore the purchaser does not have to provide for It separately in making payment. In the case of income bonds and bonds in default, the price is always "flat," and no designating mark is employed to Indicate the fact. I Quotations for equipment bonds are Quotations for guaranteed stocks are It should be borne in mind in the cases the figures are obtained from based on average maturities. "and dividend" that is the accrued dividend must be paid in addition to the price. of these tables that the quotations for many inactive and unlisted securities are use merely nominal, but In all jsources which are considered reliable. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ dated, "conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional. The black-faced type in the letters showing the Interest period Indicates the month when the bonds mature. NOTICE—All bond Bonds prices Bid RAILROAD BONDS are "and interest" except where marked "f" and income and defaulted bonds. Ask Bonds Bid Ask x Aberdeen AAsheboro 1st 6s'40JAJ f Adirondack 1st 4 Ms 1942 gu MAS 30 Akron A Barb Belt g 4s 1942. JAD Akron Canton A Youngstown— 99 70" 63 Gen & ref 6s 1945 series A. AAO / Gen A ref 5M« 1945 ser B.AAO / 27 27 30 A—.JAD 30 106 X 104 % 105m Alabama Tennessee A Northern— Prior lien 6s 1948 10 f f Gen income 6s Oct 1948... Alabama A Vicksburg By— 1m 1st M g 5s 1974 S' riee A..I Albany A Suaq 3Ms g 1946. J Alleghany Corp— 3m 76 80 75 72m 65 Z8* 66 — 44 32 m Allegheny Valgen 4# 1942..MAS Allegheny A Western— 1st mtge guar 4s 1998 i American Refrlg Transit— Equip 5 M» series E 1939-.MAN Equip 5s ser P, G A H. *4J" K Ann Arbor 1st g 4a 1995—_ Ark A Mem Ry Bridge A Term— 33 m 104m 105k 46 m 59 b 3.00 b 4.00 30 m 2.00% 3.00% 35 m _ _ _ 97 97 X 100 104 107 X 108 Atchison Topeka A Santa Fe— f MAN Stamped 75 f W* k 95 87 m 91m Jan. 23 95 86m 100m 107 m 107 m Conv deb 4Mb 1948 Trans S L 1st g 4s 1958. _.JA Rocky Mt Div 4s 1965... 102" 109 H 108 X AJ 103 X Athens Term Atl A Birm. Atlanta A Charlotte Air Line— 1st M 4Mlot M 5s 1£ Atlanta Knoxvllle A Northern- 85 89 m 90 X 92 110 113m 88 io5m 99 61 77 Atlantic Coast Line RR— 1st oons 4s July 1 1952.. 88 99 65 m 77 7A 69 b Equipment trust 4Mb b b Line 2.25 2.25 2.75 , 71m 1.50% 1.50% 2.00% (Oonn)— Irred ctfs of tndebt 5s 43 UH Ref A gen 5s series A 1995-JAD Certificates of deposit 18 M 18 M 19 Ref A gen 6s ser O 1995..JAD Certificates of deposit Ref A gen 5s ser D 2000.-MAS Certificates of deposit. Ref A gen 5s ser F 1996 MAS 19 X 20 19 H 20 JA 80 Atlantic Coast Line of S O— Convertible 4Ms, 1960—FAA Certificates of deposit P tL EAWVa Sys ref 4s'41 MAN Certificates of deposit S'west Div 1st mtge 5s '50.JAJ Certificates of deposit Tol Cinn Div ref 4s A '59.. JAJ Eq tr 4Ms ser D 1939-41..JAJ Eq tr 4Ms ser E1939-42--AAO Eq tr 4 Ms ser F 1939-44.-MAN Bangor A Aroostook— 1st M 5s g Jan 1 1943.....JAJ Cons refund g 4s 1951.. JAJ 4s stamped 1951 Piscat Div g 5s Jan 1943..AAO St Johns Riv Ext gu 5s '39.FAA Van Bur Ext 5s g Jan '43.AAO Washburn Ext 1st 5s *39..FAA Battle Or A Sturgis gu 3s '89.JAD Bay City A Battle Crk 3s '89 JAD Bedford Belt 1st 5s 1938....JAJ / Beech Crk Ext Boston A Maine RR— 1st mtge 5s ser AO 1967.—MAS 1st mtge 5s ser II1955— —MAN 1st mtge 4 Ms ser J J1961 ..AAO 5s series AA 1944..... 5s series DD 1945 6s series FF 1947 5s series R 1940 96 5s series 5s series 5s series iK JAD FAA AAO 1978 1st mtge 4Mb ser A 1943 3 Ms Jan 1 1951 JAJ Ref 3 Ms 1952 gu N Y O..AAO 5s series 5s series / This price includes accrued interest. ..... AAO JAD ..JAJ MAN T 1941 MAS U 1941 .....MAN V 1942.... MAS W 1942..... AAO Z 1943 MAN k Last sale. .... n Nominal. Equipment trusts— 3Ms 1939-44 21 19 JAD 4.75% 5.75 4.75% MAN 5.75 FAA 5s 1939-44 Boston ANY Air Line— 5,75 AAO 4Mb 1939-43 7M Bost A Prov deb 6s July 11938—. Boston Rev Beach A Lynn— 1st m 4Mb Juy 15 1947—JA J15 34M 33 36 35 5.40 39 % 4.75% 4.75% 4.75%. 5.40 5.40 104 m 83 50 105 88 87 91 100 101 100 101 103 102 103 103 50 43"" .... 55"" 85 100 M 77 81 1.50% 106 H 3.25 2.50% 80 84 96 99 25 68 72" 76 81 53 57 68 M 54 69 M 57 54 57 1957 1st 4s Dec 30 1963 10 92 JAJ MAS FAA JAD 15 FAA 5s guar July 1 1969 JAJ 5s guar Oct 1 1969—.....AAO 5s guar 1954 ...FAA 16-year guar 3s I960.. JAD 13-year guar 3s 1950 JAD Guaranteed 3s 1944 MAN 7-year guar 2s 1943 FAA 4-year guar 2s 1942 JAJ 17-year guar 3s 1953 .FAA Eq tr 4Mb 1939-1942 (gu)l«AN Eq tr 4Mb 1939-45 (ann).JAD Equipment trust 5s Canadian Nor deb 6Ms '46-.JAJ Canadian N W 4 Ms Oct 22 1943 . 70 95M 105 M 98 2.75 2.00% 94 M 91M 95 M 92 M 114M 4Mb guar 19574M" guar 1951 4Mb guar 1956.. 4Mb guar 1955 40-yr 5s guar 1970 115M 113 % ■ 114M 116M 118M 114M 118M 117 M 98M 117 ll5Vi 118M 118M 99 X 99 103 104" 100M 101M 101 98 qq~~ 2.75 2.00% 2.75 2.00% 2.00% 2.75 123 H 124 _ Canadian Pacific— Cons deben 4s perpetual--JAJ §** 27 26 15-yr conv colltr 4s 1949—JAJ Conv coll tr 3M« 1951 FAA Conv coll trust 3s 1945 AAO Coll trust 2 Ms 1941 AAO 27 103 M Equip trust 2 Ms 1939-47.. AAO Canada Atl Ry 1st 4s 1955.-JAJ Canada South 5s 1962 ser A.AAO Canadian National Rys— Conv coll tr 6s 1942 27 29 M lH JAJ FAA 30 30 30 67 Con 1st A coll tr 5s g '34._AAO Certificates of deposit.... 26 H 27 28 M Burl Cedar Rapids A North— 26 28M 95 26 26 27 28 M 28 M 6 88 80 60 Corp— —JAJ 20-yr coll tr 4 Ms 1946—MAS Coll tr 5s 1954 JAD S f 4Ms Dec 15 1944—JAD 15 Coll tr 4Mb 1960 JAJ 27 15 4 MAN Cambria A Clearfield— 1st 5s g 1941 Gen M g 4s 1955. Cambria A Indiana RR— 9 87 M Certificates of deposit Buff A Susquehanna RR Con g 4 Ms 4.75% . 70 6s ext to Jan 15 1947 JAJ Boston Term Co 3M« 1947—FAA w 11 47 Ask 23 4s1950 JAJ Buffalo Creek 1st 5s 1941 JAJ 1st ref 5s 1961— JAJ Buffalo Rochester A Pittsburgh— Equip tr 2 Ms 1939-1947..MAS Big Sandy Ry 1st g 4s 1944..JAD Birmingham Southern— Equip trust 3 Ms Dec. 1 1939-46 40 99 6 Basis. 20~~ 11 2.25 Birm Term 1st g 4s 1957 gu.MAS Bluff Point Land A Imp 1st 4s '40 Boonvllle St L A Sou 5s '51.FAA f Boston A Albany 5s Oct '63..JAJ Bid 1st mtge gu g 4s 1955 101M 37 X ?§** 48 51 20 AAO 3X& 1951 Belt RR A Stk Yds (Indplis)— 1st ref gold 4s 1939 MAN Belt Ry of Chatt 1st 5s '45..JAJ 93 2d s 50 _— 4 Ms impt 87 75 Coast 50 M 49 M 48 H Jan. 30 44 M 45M 5s June 1942 97 m 63 Atlantic 1st mtge g 4s, July 1948--AAO 1st mtge g 5s, July 1948--AAO Certificates of deposit fk 5-year sec notes 4Mb 1939-FAA Certificates of deposit f Belvldere Del cons 3 Ms 1943-JAJ Bessemer A Lake Erie— ■ lst mtge gold 5s 1940... 1st cons 4s Mar 1 2002. Atlanta Terminal 6s 1939. 72 M 70 Certificates of deposit 75m / JAJ . Alabama Great Southern— 1st cons g 5s 1943 ser 1st cons 4s 1943 ser B 1st mtge gtd g 5s 1941 Bonds Boston A Maine RR (Cont)— Mtge 4 Ms 1944 JAJ Mtge 4s 1942 ....FAA Mtge 3s 1950 JAJ MAS JAJ Eq tr 5s 1944 Eq tr 4Mb 1939-1945s-a—.JAD Cars Cent 1st g gu 4s 1949..JAJ Oaro Clinch A Ohio 6s '52. JAD 15 Carthage A Adirondack— 1st mtge guar g 4s 1981 JAD 80 M 99 M 88 M 95 M 113 81>l 99 y. 100^ 94^ 97 M 103 )i 91-H 88 y. 89 y. 96^ 113^ 2.70 2.00$ 94 93 M 102 90 M 87 M 13 106M 45 itrt 55 bonds raileoal) 68 NOTICE—All bond prices are "and Intorest" 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 Bonds Oatawissa RR g 4s 1948._—A&O Central Arkansas & Eastern— 1st 6s 1940 J&J / Cent Branch Union Pacific— J&D / Eq tr 4 %s 1939-44A&O Chicago South Sh & So Bend— 36 1st & ref g 5s Dec 1 *60 opt J&D Inc mtge 5s Dec 1 1960 M&S Chicago Union Station— 6.50 9% 6M 5% 5.25% 5.25% 7m 10 6.50 Chatt Div gold 4s 15 5s 4 Mid Ga & Atl 1st 5s % 104% 1st mtge 3 Ms ser E 1963—J&J Guaranteed 3 Ms 1951—M&S Chicago & Western Indiana— Consol gold guar 4s 1952.-J&J 1st &ref M 4Mb D 1962-M&S 105% 102% 4 38 13% 22 % 18 24 General 5s gold 1942 -J&D Cin Ind & West 1st 5s 1965.M&N (yr)—F&A 5.25 1987-J&J 24 % 4.50% . 72 % 54 56 m 58 53 60 Central RR of South Carolina— 1st ref 6s 1939-1976 Central Vermont Ry— 4.00 Eq tr 5s Dec 14 1939-'44 •yr).. 1946—A&O Chatt Rome & Sou 1st 5s '47 J&J Chattanooga Sta 4s 1957 gu—J&J 89 Char & W Carolina 6s notes, 1945 notes. 1946 101M 101% 101% 101% 101 % „ 1945—F&A J&J g 4s *89.J&J 48 1989 — -J&J Val 1st 5s g '41 -M&S 55.F&A Chicago & Alton RR— Refunding g 3s 1949 A&O Chicago Burlington & Quincy— Gen M 4s 1958. M&S 1st & ref 4 Ms 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 Ms 1939-47 A&O Chicago & Eastern 111 tnew co)— Gen M 5s May 1951 M&N Certificates of deposit Chicago & Eastern Illinois— 1st consol 6s gold 1934—A&O Chicago & Erie 5s 1st g *82—M&N Chic Great West 1st 4s 1959-M&S Equip tr 4%s "A" 1945--A&O Chicago & Illinois Midland Ry 1st mtge s i 4Mb ser A *56 M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J Ref M g 5s 1947 series B—J&J Ref M g 4s 1947 series C—J&J 1st & gen 5s 1966 series A-M&N 1st & gen 6s May '66 ser B_ J&J 104 Monon Coal— Non-cum inc 5s 1955(w-s) J&D 106% 107% 65 70% 77% 55% IV 57 69 56 / 11% 105 102% 102% 102 % 1.50% 1.50% 1.75% 1.00% 109 m Ser B 4mb gen gtd 1942—A&O Ser B 3 Ms gen gtd 1942—A&O Ser O 3Ms gen gtd 1948—M&N 12% 95% 98% 97 „„ gtd 1950—F&A 1977 ser A-F&A Gen & ref 4mb 1981 ser B—J&J Cleve Short L 4Mb 1961 A&O Cleveland Terminal & Valley— 1st 4s gold guar 1995 M&N Cleveland Union Terminals— 1st s f 5Ms 1972 series A—A&O 1st M s f 5s 1973 series B—A&O 1st s f 4Mb 1977 series c—a&o Ser D 3 Ms gen Gen & ref 4Ms 103 1.75% 17 16% 17% „ Colorado & Southern— General mtge 4Mb 1980—M&N Col & Pt Deposit 4s 1940—F&A Columbus & Hocking Valley— Ext A&O F&A gold 4s 1948 Colum & Toledo 4s 1955 Concord & Claremont 5s '44-J&J Connecticut & Passumpsic Rivers A&O M&S 17 1st gold 4s 1943 Conn River gold 4s Connecting Ry «Phila)— 1st M gu 4s Mar 15 '51-M&S 15 1st 5s 1951 —M&S 1943 106 97 81m 20% 90" / b 6.50 5.00% 99% 21 100% 70 90 12 % 10 15m 13 m 7% 4 » / 4% 16 68 100 ~5% 5 105% 106 102% 107" 105 106 105 111 42 5 44 m 6 60-yr 5s 1975 series A F&A Oonv 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 0_J&J Gen 4%s May '89 ser E. J&J Gen M 4%s May *89 Ser F. J&J Equip trust 3 Ms 1939-'53A&0 Eq 4%s '39-'43 E & F iyr)_J&J Eq 4 Ms '39-'41 G & H • yr) J&J Eq tr 5s '39-'40 ser B iyr)_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. 9% 2% 86% 88% 77 78 71% 74% 2.40 1.90% 39% 103% 109% 109 27 80 30" 90 24 24 24 24 24 6.25 6.25 6.25 6.25 ny> iv 41 5.00% 5.00% 5.00% 5.00% '55—F&A plan Ref & impt 5s 1978 ser B—A&O Eq tr 4Ms 1939-'42 (yr)—M&N Equipment trust 5s Equipment trust 5 Ms Gen income 5s Aug Assented subject to J&J J&J 48 1936 4Mb 1936 Inc mtge 6s Jan 1 1960-An 1st 4s 1950 Des Moines & Fort Dodge— 114 15% 12 15" b —J&J Sec 4%s 1952 ser A M&S Sec 4% ser A certifofdep. 4%s I960. —-M&N Trustee ctfs 3 Ms 1947 Chicago St Louis & N O— Con g 5s June 15 '51 J&D 15 conv „ Con g 3%s June 15 '51-J&D 15 Mem Div 1st 4s 1951 J&D J% 62 M 1st guar 4 Ms M&N 1961 1964—— _..J&J 1st 5s Mar 1 Eq tr 2%s 1939-1947 47 4.00% 102 35 / / 35 45 85 104 J&J J&J Michig 102 % Cent ral an J&J 98 93 (Lake Superior) 4s 1955 1st 4s Feb 25 '39 Alb gu—M&N 1st 4s Feb 15 '42 Alb gu.-M&N Gen 4s 1962 Can Govt gu—J&J 1st g gu 4s $ July 1 1950 J&J Eq tr 5b Dec 14 1939 *43 «yr) — Grays Pt Term g 5s 1947 J&D '61 opt '41-J&J 99 95 99 % 94% 94 m 96 m 100M 96 110 109 86 88 4.00 3.00% 60 101K J&J J&J J&J G 1946...-J&J H 1946 J&J Gen 4Ms 1976 series D Gen 4%s 1977 series E Gen mtge 4s ser Gen mtge 4s ser Gen mtge 3%s ser 1 32 m 37 42% 31 40 36 12 15 79 85 78% 82 96 96 85 86 % 72 74 m m Western Fruit Express— 35 103 & 89 —J&J 40 Eq 5s J'ne 15 1939 <vr)J&D Eq tr 4Mb 1939-1940..J&D 4.00% —J&J W Va Midland Ext 5s '54-J&J Greenbr Ry 1st g gu 4s '40-M&N 1st 5s 1944 Green Bay & Western— Debenture ctfs A Feb Debenture ctfs B 1.25 1.75% 0.75% 1.75 1.00% 1.50 1.00% 1.75 1.00% 4m 4m 7m 4% 4% 7% Guayaquil & Quito 1st 5s '32 J&J2 / 5.00 5.00 4.00% 4.00% 5.00 4.00% 12% 7% 88 92 83 103 54 m 6% Feb Guantanamo & 11m 7m 2.30 Greenbrier Cheat & Elk— 101 59 61 93 99 m 4m 103 M&N 94 J&J '49--J&J 2.65 2.00% 60 47 5 51 8 70% 71% w* 76 7m Western— J&J 1st M 6s 1958 series A Gulf Mobile & Northern— A&O 1st 5 Mb 1950 ser B 1st 5s 1950 series O A&O Gulf & Ship Island RR— 1st ref & term g 5s Feb '52-J&J Stmpd (July 1 1933 cpn on). 100 60 65 J&J II & Ha rtford Harl R & Portch—See N Y N Harris Ports Mt Joy & Lane RR 1st mtge Ext 4s g 4s 1957 gu. — J&J 1943 1st mortgage 3 Ms 1962—A&O Duluth South Shore & Atlantic— 1st gold 5s -J&J / 1937 63 70 105m 13 70 105% 14 M&N M&N .84 1951-J&J 70" k Last sale, n Nominal. M&N / 103 F&A Adj inc up to 5% Feb *57-A&O / 1st M 4Mb 1957 conv F&A Huntington & Broad Top Mt RR & Coal extend 6s 1940 A&O Extended 5s 1940— 106 53 49 118 1.50 118M 1.00% 92 15 31 33 46 48 88 105 12% 13 45 50 A&O _ % H _ gold 4s 1951 J&J 1st gold 3 Ms 1951 J&J 1st extended g 3 Ms 1951—A&O 1st g 3s sterling 1951 M&S 75 Elgin Jol & East 5s 1941—.M&N Elmira & Williamsport— 1st 6s 1910 ext at 4% 1950. J&J Income 5s 2862 A&O 5s 1937 1st East Tenn & Western N C— A&O con Illinois Central— Dutchess Co RR 4Mb 1940—J&D / Penn 1st 4s 1958 M&S 102 Edmonton Dunvegan & British Columbia Ry 4Mb 1944—A&O Housatonic 1st gold 5s 1957 opt 104 East 1956 1946 M&N Valley Ry— 1st cons gold 4 Ms 1999-—J&J Eq tr 58 1939 (yr) J&J Holidaysburg Bedford & Cumb 1st M g 4s 1951 guar J&J Holyoke & West 4 Ms 1951—A&O Hudson & Manhattan— Duluth Missabe & Iron Range— El Paso & R 11st gu 5s / This price includes accrued interest, 8m 113"" Grand Trunk Pacific— 59 Consol 1st g 5s 84 3 101 5.00 M&N '40—A&O, 1st 3 Ma 1941 Grand River Valley—See 22 Eastern Ry of Minnesota— Nor Div 1st g 4s 1948 72 m 3m 45 32 East Tenn Va & Georgia— 63 10 20 25 Grand Rapids & Indiana— 1st 4Ms 1941 - 2nd Mort. gold 4s 1995-—J&D Detroit Term & Tunnel— 16 89 15m Hocking "7% 87 97 A&O Hoboken Ferry 5s 18% 16% 16M 18M 9% 9% 9M 4% 6% 7% 8% 4% 41m 1945—J&J Eq tr 4Ms 1939s-a Glrard Point Sfge 3Ms 54 1st gold guar 4s 1953,. Dext & Piscataquis 4mb 15m 14% 7% 6% 7% 102 13% -J&J 1947 Ga Sou & Fla 1st g 6a Deb 5s 1952 36% 3 Detroit & Toledo Shore Line— 4.50% 101 J&J —J&J fi 28 17 5.50 '41-J&J 6% 7 1948.J&D Georgia Carolina & Nor— Ext at 6 % to July 1 1934. 1 15 Georgia & Florida RR— 2% 1st M 6s 1946 series A M&N Certificates of deposit Georgia Fla & Ala 1st 6s '52. F&A 34 Georgia Midland 1st g 3s '46-A&0 109 Ga RR & Bkg ref 6s 1951 A&O 40 13 % 8% 5 1967--J&J Eq tr 2s 1939-1947 M&S Eq tr 4 Ms 1939 M&S Eq tr 4Mb 1939-1940 D<yr) J&J 2 Detroit Toledo & Ironton— 8 1H J&D 1957 3% 22% 15 8 2% Ga & Ala Term 1st g 5s 1st & ref g 4 Ms 10% 10% 10% 17% & Sou— Ga & Ala 5s Oct 1945 Ctfs of dep for gtd 4s 1935-J&J Des Plaines Val 4Mb 1947—M&S Det & Mack 1st lien 4s 1995. J&D 1st extended 5s 1965 Ref g 4s 1934 opt to 191/1—A&O Certificates of deposit Apr J&J 20 16M 3 Gulf Terminal of Mobile— 14 15m Fort Dodge Des Moines 1st 5s 1938 Gen M 5 Mb 1952 ser B Gen M 5s 1973 ser C_ 4.75 13 GenM / 1982 4 Ms Great Northern— 20 107% Equip trust 4s Apr 1 1939-'49— g con Grand Trunk Western— Denver & Rio Grande Western— con 14 Proof of claim filed Certificates of deposit-_ 1st M 3s 1962. 40 59 % con g 67 m 16 65 (Mountain and Pra|rle)4s 1955 106 59 1st 1st 92 Gouvernour & Oswegatchie— 1st 6s 1942— -J&D Denver & Salt Lake Ry— _ 5s'87stpdinctax_M&N GenM4 %s'87 stpd inc taxM&N GenM4Ms'87 stpd inctaxM&N 15-year 6Ms Mar 1936 M&S 1st & ref 5s May 2037 J&D 1st & ref 4mb May 2037—J&D 1st & ref 4Ms May 2037 C J&D Oonvg4%s 1949 ser A M&N Eq 4Mb '39-'42(yr)ser A.M&N 9Vs 2% 1st Amended 42 Denver & Rio Grande— Chic Milw St Paul & Pac RR— 8% 8% 25 40 97" 4s 1943 M&N Delaware Lackawanna & Western 104 63 62 J&J / M&N Gen ref gold 4s 1950 1st cons ref 4mb '52 opt Goshen & Deckert'n 1st 5 Ms 1978 2nd ext 6s 1979 M&N 93 71 47 8 84" 1st & ref gold 100 M 99 deposit 76" Delaware & Hudson— 104 Chicago Lake Shore & Eastern— 1st M 4%s 1969 opt 1919.J&D Cblc Memp & Gulf 5s 1940—J&J Chic Milw & Gary 1st 5s '48- A&O H) deb 4s '54-J&J J&J Deb 4s 1955 A&O Deb 4s 1956 guar J&J Cuba Co extend 3s 1955 J&J Cuban Nor Rys 1st 5Ms, '42 J&D Cuba RR 1st g 5s 1952 J&J 7 M« extended to 1946-—-J&D 6s extended to 1946 J&D Imp & equip 5s I960-—M&N Danbury & Norw ref 4s 1955.J&J Dayton Union Ry 1st 4s '49-J&J Del & Bound Br 3 Mb 1955—F&A Consol Rys iN Deb 4s 1955 20 12% 100 35 M&S Eq 4Ms '39-'41 H (s-a).. .M&S Florida Southern gu 4s 1945-J&J Florida West Sh 5s 1934 J&J / 4s Jan 1 103 „„„„„ / 12 12 — „ Equip tr 2 Ms ser A 39-'52 M&S Coal Rfv Ry 1st 4s gu 1945-J&D 99% 2.35 / / 65 97% 93% Cleveland & Pittsburgh— Ser A 4mb gen gtd 1942—J&J 98% 90% b 64 96% 102 % 102 % 97% 101 '90 M&N '40-M&S RR— 19 23 J&J '59.J&D Fort St Un Dep Det 4Mb 103 St L Div 1st col tr g 4s Clinchfield 5s gold 1943 _ 88 no" cons Genesee River 6s „ J&D '40—J&J "2" \ds— A&O A&O Chic R I & Pac Ry— General gold 4s 1988 Certificates of deposit 4s 1940—F&A White W V Div 1st 4s 109 m / Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O Chic June RR 1st 4s 1945-—M&S Chic June Ry & Un Stk Coll tr ref 5s 1940 Coll trust ref 4s 1940 g gold 1993 Ref & imp 4mb ser E 1977-J&J O W & M Div 1st 4s g '91--J&J 97% 101% _ — cons guar Gen M 5s ser B 1993 121 97 % 104 con g .. 1st 114m Warm Spr Chesterf & Lancaster 5s 1943 20 15 97 Eq 4Mb '39-'41 LL (s-a)—M&S 95 Eq tr 4Mb 1939-'43 (s-a).-M&S Erie & Jersey s f 6s 1955 J&J f 43 Erie & Pittsburgh— Gen gu g 3Ms ser B 1940.-J&J 102% 3 Ms series O 1940 102% J&J Proof of claim filed J&J 1st gtd 5s Clev Cine Chic & St Louis— 104 1946 R & A Div 1st con 101 Cleveland Akron & Columbus— 100 M 2.20 Equip tr 2s 1939-1947—M&S 2.25 Eq tr 2%s 1939-1946 J&D Eq tr 3s 1939-1950 A&O b 2.40 1.50 Eq tr 4Mb *39-'40 (yr\r7-a&9 b 104 m Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 97 1.85% Spr & Col Div 4s 1st g 101 % -J&J 1942 notes, 1943 notes, 1944 notes, 95 40 General 4s 120 % 97 m 97 m 1951.J&J 106 32 J&J J&J —J&J J&J --J&J J&J notes, 1941 95 IP 20% Fonda Johnstown & Gloversv— 2.50 Cincinnati Union Term Co— 3.00% 100 Chesapeake & Ohio— General 4%s gold 1992-—M&S Ref & imtp 3Ms D 1996--M&N Ref & .mpt 3 %s ser E 1996 F&A Ref & impt 3%sser F 1963 J&D 96 b 1st mtge g 5s series C '57-M&N 1st M 3 Ms ser D 1971 M&N Clearfield & Mahoning— 90 11% Florida East Coast 4mb 1st & ref 5s 1974 99 F&A A&O Ref & imp M 5s 1967 M&N Ref & lmpt M 5s 1975——A&O 35" Ry— Eq trust 2 Ms 1939-52 Cin Northern RR 1st 4s l942_—M&N notes. 1940 1st 4s 1948 Cinn New Orl & Tex Pacific 15% Series D 1953 Certificates of 1942 M&N 76 % Cinn & Muskingum Valley— 70 53" 1960 F&A European loan 4s 46 -—M&S Central RR & Banking of Ga— Guar g 5s A&O A&O Conv gold 4s 1953 ser Series B 1953 Florida Central & Peninsula— Cincinnati Lebanon & Northern— 1st consol gtd 4s M 44% 1st 33 74 95 J&J .—J&J A—A&O Prior lien gold 4s 1996 Gen lien gold 4s, 1996 14% 58 1st ref 4s g guar 1949——F&A 1st g guar 4s Oct 1 1954—A&O 88 _ _ Central Pacific— Coll tr 5s ext'd to 104% 108% 106% 102% 92 -J&J Eq tr 4%s 1939-'41 55% 47% 89% / 1965 Erie— 86 Consol gold 5s 1952 M&N / Cincinnati Hamilton & Dayton— (now 1st) g 5s 5 Basis. 108 32" Gen M 4s 1987_ 30-yr 1944 4s 1st M 4s series D 1963 29 % Central of New Jersey— 2d -A&O J&J Guar Choc & Memph 5s 1949 J&J Choctaw Oklahoma & Gulf—_ 7 54 44 50 50 A&O 1st & ref 5s 1965 5s stamped Chic Terie Haute & Southeast— 4% 1951-—J&D 1946—J&J 1947—J&J Mobile Div g 5s 1946 J&J Oconee Div 1st 5s 1945 J&D Cent New Eng 1st gu 4sl961 J&J 5.00% 57 m 17% 1959 ser O—A&O Eq tr 4%s '39-40 ser P<yr)M&S Eq tr 4%s '39-'40serQ<yr)M&N Potts Creek 4s 6.00 1963—J&J 16 Ref & gen 5s Gen M El Paso & Southwestern RR— 13 Sink fund 3s ser B Ask Bid Bonds Ask _ 12 „. Cons gold 5s 1945—-—M&N Ref & gen 5%s 1959 ser B-A&O Macon & Nor g Bid Chic St Paul Minn & Omaha 31% 8% 5% - 1st 4s 1948 Central of Georgia— 1st M g 5s Nov 1 1945— 103 m Bonds Ask 100 M defaulted bonds the date of issue 87% 91 83 83 75 1952—A&O 56% 61 Ref g 4s 1955 opt 1918--M&N Pur liens 1st g 3 Ms 1952—J&J 56 m 59 m 54 v* M&N 53" 53 m Coll trust gold 4s Collateral trust 4s 1953 103 Ref mtge 5s 1955 M&N 64 % 70% 107 101% 40-year 4Ms Aug 1 1968.F&A 49% 50 101 99 63 -- •«y BONDS RAILROAD Feb., 1939] defaulted bonds the date of issue interest" except where marked "f" and Income and near as possible for the closing day of the month preceding NOTICE—All bond prices are "and Quotations for all securities are as Bid Bonds Illinois Central—(Concluded) Carlo g 1951— j&j 83% 1950—j&d 1st g 3s 4s Bridge Litch Div 1953—j&j 1951--f&a St Louis Div g 3s 1951 j&j Gold 334s 1951 j&j Sp'field Div ext 334s 1951 j&j Western lines g 4s 1951.-f&a Louis v Dlv 334s g Omaha Div 1st 3s g Equipment trusts— 3s ser r, 1939-1952 m&s 434s ser k, 1939 f&a 4%s ser l, 1939-1940..a&o 4^sser m, 1939-1941..m&n 4%s ser n, 1939-1941—a&o 434s ser o, 1939-1942—.j&j 434s ser p. 1939-1944—a&o 4s ser q, 1939-1944 f&a iii Cent rr Co & Chic St l & n o rr jt 5s, a, 1963—j&d 4%s series c, 1963 j&d Indiana Bloomington & Western— 1st ext 4s 1940 a&o Indiana Harbor Belt 63 61 70 54 76" 60 * 68 60 65" 2.00 2.50 3.00 3.00% 1.00% 1.50% 2.00% 3.25 2.00% 2.25% 2.25% 3.o0 3.00% 55% 58 50 51 3.00 3.25 j&j j&j 88 gold 4s 1950 j&j Indianapolis & Louisville— 1st guar 4s 1956 ...j&j / Indianapolis Union— Ref & Imp m 334s ser b *86 m&s Internat-Great North ry— 1st m g 6s 1952 series a—j&j Adj m 6s July 1952 ser a.April 1st m 5s 1956 series b j&j 1st m 5a 1956 ser o -j&j Eq tr 4 Ha 1939-42 (yr)..a&o Internat Rys (Central America)— Purch money 5s 1972.. j&j 95 107 m&n 1st m 5s 1972 opt 1st i & ref 634s 1947 f&a j&d Iowa Central 5s ctfs 1938--j&d 1st & ref g 4s 1951 m&s Debenture 4s 1961 3 14% 14% 4.50 16 3 15 1951... ...a&o f Jackson Lansing & Saginaw— See Michigan Central 1st 5s July 1 1939 Ref & ext 5s series a 6s July 1 Jamestown Certificates of deposit Bir 4s 1934 —. (Foreign series) 1960 j&d of n j— 1940 a&o Midland Valley 5s 1943 a&o Adj m Apr 1 *53 ser a Sept Adj os series b 1953 Sept Milwaukee & Northern— 1st ext 4%s 1939 Con ext 4%a 1939 Cons 6s 1913 ext at 4%% to 105 97% 51 54 % 1934 Btmpd accr int at rate 4.8665.Plain 1961 j&j 103 58 ctfs of deposit 1934 90" 1st refdg gold 4s 1949 Ref & ext 58 Feb *62 ser 105 82 80 ref 3%a 1997 j&d Leamington & St Clair 4s '45 a&o Lehigh & Lake Erie 4 ha '57.m& Lehigh & New England— 1st m gold 5s 1945 j&j Gen mtge 4s ser a 1965 a&o Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 f&a Lehigh Valley— 1st gold 4s 1948 j&d Con m 6s anu Irred —j&d Con m 4 his ann Irred j&d Gen cons gold 4s 2003 m&n 4s assented 2003 Gen con xiil.i 2003 m&n 434s assented 2003 cuu gold 5s 2003....m&n 6s assented 2003 Gen 2.00% 108 % 109% 94 Valley Ky of New York gold 1940 j&j 4%a assented 1940 Lehigh Vail Term 5s 1941—a&o 5s assented 1941 4 His Lehigb & n y. 1st 4s 1945 m&s Lex & East'u lstgu 5s 1965--a&o Lincoln Park & Charlotte— fm 1939 j&j Lltchf & Madis 1st 5s 1959.m&n Little Miami guar 4s 1962—m&n Little Rock & Hot Spr West ry— 1st gold 4s 1939 guar j&j Long Dock cons 3 34s 1950—a&o Long Island— Unified g 4s. 1949 m&s Refunding mtge 4» 1949—m&s 48 stamped 1949 m&s Equip tr 5s 1939 (yr) a&o Equip tr 4 34s 1941-45 (yr)„f&a Los Ang-Pac Co ref 4s 1950--j&j j&j Equip trust 3 ma to 1946.. a&o Louisiana & Ark .53 a 1969 Louisiana & '96 105 Hi 02% 90 60 90 North a&o / j&j Louisville 9t j&j a&o 1st & ref 4 ha 2003 ser o—a&o 1st & ref 4s ser d 2003 a&o 1940 64 86 % 68 a rpf b Basis. s «»r e 2003 a&o 10-year 334s 58 62" 83 85 1st & ref 5a 1977 ser 44 50 65 1st & ref 58 1980 71% 74 63 66 18 % 17% 18% 17 Certificates of 16% 50 Spuyten Duyvll & Pt Morris— 3 hs 1959 j&d n y Cent equip trusts— 22 21% 40 50 40 51 50 96 15 75 81 01% 83% 81 83 2.50 3.75 47 79 3.50 1.50% 2.75% 49 Consol gold 3 34s 2002 Monongahela Ry co— 1st mtge 48 ser a 1960 Monongahela Sou 5s 1955 Gen 80 2.50% 26 m&n _m&n 50 5934 71 74.34 1st & ref 4s ser a 1973 New York & Long Branch— General gold 4s 1941 m&s 74 60 y New conv__j&j15 18% Deb 4s May 1 1957 m&n Deb 4s July 1 '55 non-conv j&j Deb 4s 1950 non-conv m&n 18% 6s 1955 Deb 3% 4% 3.50% 3.50% 534 54 2634 3034 5.15 5.15 4.25% 4.25% 1834 21 48 52 38 41 4s 1947 m&s non-conv 106% v a n j Ferry 5s 1946.- n y Susq & Western— 1st refunding 5s 1937 Term 1534 12 1634 1234 12* 15 j&j f&a f&a 1st g 5s m&n 1943 13 11% 11% 1534 22 2434 14 5.75 5.75 5.75 5.75 54 14 14 34 4.75% 4.75% 4.75% 4.75% 75 45 8% 3% 834 5 77 85 94 9534 70 99" 5834 10034 33 9% 9 5% 33 1034 11 534 43 n y Westchester & Bos ry— 120 j&j a&o 1st m g 4348 1946 guar Nord Ry s f 634s 1950 39 80 j&j j&j New York Ontario & Western— Ref 1st g 4s June 1992 m&s Gen m g 4s 1955 red j&d n y Pennsylvania & Ohio— Prior lien ext 4 %a. 1950. .m&s f new York Phi la & Norfolk— Stock trust ctfs 4s 1948 j&d n y Prov & Bos 4s 1942 a&o f n y & Putnam 1st 4s g 1993. a&o n y Short Line 4s 1957 f&a n y & Stamford 4s 1958..-m&n n 2d mtge 4 34b 1937 Gen mtge. 5s g 1940 103 34 115 a&o UH Deb f Montana Wyoming & Southern— 1st mtge gold 5s 1939 m&s 9934 Haven & Hartford— Deb 6s Jan 15 *48 65 m&n a&o 66 m&s General 1st 5s 1941 61 Montgomery & Erie 1st 5s 1956-- / 105 % 334 10134 Norfolk & Car 1st 5s 1939—a&o j&j 81 2nd 35 5s Norfolk 103 5234 54" 51 5134 4434 334 103 100 1940 Southern— 1st & ref g 5s '61 opt '15—f&a Certificates of deposit.. 07% Constr'n 5s 1955 ser a Constr'n 4 34s 1955 ser m&n 4334 b.m&n Nashville Chattanooga & St l— 13 % 1534 1st m 4s 1978 ser a Eq tr 2%a 1939-1952 92 85 f&a m&s 68 b 3.10 72 2.50% 1234 15 1941.m&n 54 59 j&j m&n 25 30 106 '48f&a 113 w Ry 1st con 4s '96-a&o .Norrl8t'n & Maine 1st 4s '52 m&s 99% 84% 78% 45 n 57 m&s m&s 16 99% ny & ne Bos Ter 4s 1939--a&o 60 rr 1st 5s 1963.-.f&a Morris & Essex 3j4s 2000 j&d 105 88" m&n 2000--m&n 19 j&j Montour 103 99% Guar g 5s 1946 n y & Har 1st g 334s 20 Monon Coal—See Chic Ind & Lou Montauk Ext 1st 5s 1945 24% 27% Mohawk & Malone— 1st guar g 4s 1991 94 n y & Hob Fy 5s May 1946-j&d n y Lack & Western— rjg Har Riv & Pt ohes 4s '54 m&n 26" 108 50 1938 Greenwood Lake 4 34s mtge 70 30 104 % 106% 4.50% 4.50% 75 j&j j&j Secured 5s 1938m&s f Eq tr 4s 1939-1943 m&s b Eq 4 34s 1940-1942(yr)..j&j15 b Montgom Div g 5s 1947--f&a / 5.40 5.40 85 17 34 j&j 5134 76 71 67 ..m&s jss 5 60 51 3d 18 j* 4.50 59% , 1st & ref 4 34s 1973 ser b. 3% 1.00% 1.00% 2.25% 2.40% 73% 80 47 4.50 55 78 m&s 1534 17% 3% 1.50 m&n 2.75% 1734 18% 1.50 3.00 3-00 1st 4s ext g 1947 89 1945-- IV 6434 2d ext 5s 1939 67 4s small 6534 98 . New York & Erie rr— 3.75 }§* 5s small 1945 Gen m g 4s 1945 76 61% Mobile & Ohio— 100 % 82% 2% 14% f&a Gen gold 4s, 1938 ——m&s Ref & Impt, 434s 1977 m&s 60% "4" 67 62 IV 115 13 7% 3-year 6s Oct 1 1938Ref 534s 1974 ser a a&o Ref 434s 1978 ser o m&s 10-yr coll tr 4s 1946 f&a 3-yr ext'd notes 1941 a&o Equip tr 4hs 1939-'44 (yr)f&a Equip trust 3s July ! 1939-'5l New York Connecting rr— 1st m 4 34s 1953 series a—f&a 1st guar 58 1953 series b f&a n y & Certificates of deposit Conv g 5%a 1949 ser a...m&n 67% 30" 734 Mobile & Birmingham— Prior lien 5s 1945 19% 21 20% 113 2 %a Mar 15 1939-1952 n y Chicago & St Louis— 1st 3%a extend 1947____a&o 27 25 j&d 1939 4 hs Mar 15 1939———m&s 4 hs 1939-1945 m&n 2 33% P i 6234 54% 59% f&a 334s 1998 Secured 5%a 1938-1956.-.j&d Equip trust 5s 1939 '40(yr)m&8 Eq tr 4 %a '39 '44 f (yr). .m&n Mo Pac (old)—Gen 4s 1975 m&s 3d ext 4s July 1 1938 m&n 20% 22% 20 50% 5s 934 2% 3 26 ser h a&o deposit— ser 111 75 77 34 334s March 1947 m&s Deb 3348 1954 non-conv—a&o Deb 334s 1956 conv j&j 15-year secured 6s 1940 a&o 1st & ref 4 34« 1967 j& d Equip.trusts 3s 1939-1951 m&s 4 34s9-15-39t.o3-15-45m&s 15 4 34s 1939-1946 -j&j 1st & ref 5s 1981 109 im 33 lj% 31% 1st & ref 5s 1978 ser g...m&n Certificates of deposit 3.50% 77 26% 4% 6% 30 3% 64% 1% Certificates of deposit 36 4.50 54% 64% m c coll tr g 7 f...m&s 45" 33% Ref g 334s July 1 1997 j&j Deb 4s 1942 tax-exempt--j&j r 61% Kan & Tex (old company) — 1st gold 4s 1990 j&d Mo Pacific rr (new company)— 1st & ref 5s Jan 1965 a f&a Certificates of deposit Mo 32% 34 35% 36 34 Ref & ref 4 34s ser a 2013—a&o l s coll tr g 334s 1998 f&a 6% 2% 1% 1% f&a 26 32% 81% 28 rr eq tr 2 %a 1939-1952- sec a a&o 11940—a&o o 43 j&j j&j 63 64% 43 24 j&j 5034 3 %a conv secured 1952 m&n New York Central & Hud riv— 39% Prior Hen 4%b 1978 ser d.j&j Adj m 5s Jan 1967 ser a..a&o 89 119 Norf & South A; Last sale, n Nominal! 1st 5s 1st gen g 5s 1954 opt Norfolk Term 1st gu 4s 1961 Norf Term Norf & 81%] / Price includes accrued interest. 25 1978 ser b j&j 25-year 534s 1949 m&s 40 Minn Terminal 1st 3Hs '50..j&j 102 Minn Transfer Ry 334s 1956 j&o Missouri Illinois Bridge and Belt rr cons 4s 1951 6834 j&j Mo-Illinois RRlst 5s 1959—j&j / 60% Mo Kans & Okla 5s 1942 m&s 88 103 1st & ret 5s 2003 ser b 1st IV / 1st ref 534s 68 Nashville— Unified gold 4s cons Prior lien 5s 1962 ser a Bridge Guaranteed gold 4s 1945—m&s / j&j j&j j&j 1949—j&j Missouri-Kansas-Texas Louisville Henderson & St Louis— 1st mtge gold 5s 1946 Louisville & Jeffersonville Ref & impt 5s 2013 gold 4s 1938 gold 5s 1938 5s 1938 gu int 2d m gold 4s guar 1st ref 6s 1946 series a 95 West rr— 1st m gold 5s 1935 cons 1st 67 3.00 cons 1st 70% 65% Lehigh 1st 1st Mich South— g Cons mtge 4s 1998 ser a—f&a Ref & Impt 434s 2013 a...a&o 61 Minn St p & Sault Ste Marie— j&j j&j 14 Minneapolis Northfield & Southern Ry 1st 6s '41.-m&s 1534 New York Central rr— 1934 \\y* Certificates of deposit 33 f&a / M4%a 1956 series d..f&a Equip trust 434s Newport & Cincinnati Bridge— 1st m g 4 34s 1945 guar j&j Newport & Richfor Is 5s 1941 1734 a.q-f 34 a&o f m&n m&s 33% 31% 9634 5234 6834 / 1932—j&d 1st 7s '27 ext at 6% 09% 93 34 1st Minneapolis & St Louis— r 97 Prior lien 4s 1962 ser b 1st mtge 5s ext at 3 % to *47 Cong &*nw 3 10034 68 — Mil Sparta 1st 4s 1947m&s|jf mil&State Line 1st 334a 1941. j&j 103% 60 2d 5s 1941 Lake Shore & 94% 58 j&d / (1884) 11 1 Certificates of deposit 100% Midland Acer int at exch rate 4.8665.- 1st mtge 4 348 ungar 1961 Lake Erie & Western rr— 90hs j&j 18 Certificates of deposit 1st m 5%s 1954 series a—a&o 70 1st 5s 1956 series 0 1942--m&n bonds 13 70 6734 1434 j&j f Non-cum lnc 5s *35ser a__a&0 Michigan Air Line— rr 4% franc 30 j&j 2032 1st 5s 1954 series b 99 Midi 5s deb New Orl Term 65 2 2834 24 New Orleans Texas & Mexico— m&n Kansas City Terminal ry— 1st m 5s 1978 j&j Kentucky Ceui 4s g 1987 j&j Kentucky & Indiana Term rr 1st m 4ha 1961 (sterling).j&j 94% m&s 1st 4s 1940 Middlesex Val 1st 5s 65 2234 9934 Extended at 6% 1940 m&n Ref & impt 4%a 52 ser a j&j 1st 4s 1953--j&j 76 92 55 69 j&j 73 91K Kan City Sou—1st g 3s 1950 a&o Ref & Impt 5s Apr 1 1950—j&j 1940 1943 % 50 75 1st g 4s i960 opt 1930 Kansas Oklahoma & Gulf— Income 89% 4 35 j&j 50-year 1st 5s 1983 1st 4s 1957-— j&j Kalamazoo & South Haven— S% 3% f 34 New Orl & Nor East 6s 1915 Joliet & Northern Indiana— 10 '26 f 1914 coupon on) New Orleans Great Northern 66 1st 5s 1939 4s (Apr con General 5s Jan 1 1938New Lon Nor 1st 4s 1940 80 1st 4s 1959 --.m&s Jackson Lansing & Saginaw 70 Eq tr 3« f Jan 1 134 mmtm of Mexico— New Haven & Northampton— Ref cons 4s 1956 j&d f n j June 1st 4s gu 1986 f&a n j & n y 1st ext 5s 1950--m&s f 110 85 m&s Income 5s Mar 1934 36 81 Sept 1 k o Mem & 39 80 Frank & Cleartleld— Joplln Union Depot co^— 1st g 4 34s 1940 guar opt.m&n 1st 5s June 1 1944 j&d Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon rr 1st gold 5s 1940 j&j Kanawha Br & Ter 5s 1948.a&0 Kana & Mich 1st 4s 1990—a&o Kan City Ft Scott & Memphis Refg 4s 1936 guar a&o 68 3.50% 3.50% 101 % 83% 20 78 101 1st g 4s 1959 guar j&d Joliet & Nor Ind See Mich Cent 134 34 34 rr f 1951 April 1914 coupon off--1951 f Assent cash warrant and scrip receipt No 4 on .1951 f Naugatuck 1st 4s 1954 m&n f New Eng cons 4s 1945 gu j&j f Consol g 5s July 1 1945—j&j f 65 — 134 scrip receipt No 5 on 1977. f 1st 31 guar_m&n 1 1951. 134 rr Prior lien 4%s assent cash warr't & scrip ret No 4 on 69% 35" International— 4s Sept 1914 coupon on 1977— / 4s Sept 1914. coupon off 1977-- / 4s Asst(cash warr & coup) ,1977 Michigan Central— Ref & impt 434s 1979 ser c-j&j 1st gold 334s 1952 m&n Grand River Valley— 1st 3%a Sept 101 1967- 4.50 4.50 f ext at 5% to 1967—j&j 1967--j&j 63 b b .50% Jacksonville Terminal— Ref & ext 5s series b ser--j&j Equipment trust 5s — Equipment trust 5%a — __— Manila rr Sou Lines 4s '39.m&n 1st 4s extend 1959 m&n Manitowoc Green Bay & Western 17 34 m Assent cash warrant and „ 15% Jacksonville & Gainesville & Gulf Ry 1st 5s 65 39hi 1960-j&d 1959—m&n 10% 34 Natlonal Mexican 7% 34 34 34 61 92 , 1st g gu 5s Nov 1 Meridian Term 4s *55 85 scrip receipt No 4 on 1957. f *14 coup on) April 1914 coupon off 1977-. 105 59 coll 4s ser a 45 j&d Conv gen 4%a ser a Secured 6s 1959 1st 34 34 34 Gtd gen s f 4s (Apr 90 gtd 3%a 1941------j&j Maryland & Pa 1st g 4s 51-m&s 1st cons a 6s 1963 — —a&o m'shfield & s'east—See Wis Cent Memphis Union Station co— 102 69 102 / / f 1957 Assent cash warrant and 111% j&j 5s 1965 Maine Central— 1st mtge & Jan 1914 coupon on July 1914 coupon on 1957 July 1914 coupon off 1957 j&j 5s 1947 Macon. Terminal 1st Indiana Illinois & Iowa— 1st 1st 99 85 71 *52 gu j&d Macon Dublin & Savannah— ; 105 82% j&j n 4s, 1952 fold Term 1st ft 4a National Rys of Mexico— Prior lien 4%a— 104% 97% 108% Ask Bid Bonds Ask d) 4s '46-f&a South East & St Louis Div— 2d mtge 3s 1980 -m&s Mob & Mont 434« 1945—m&s Southern Ry Joint Monon coll Pad & Mem Div 1st rr— Genl mtge 4s 1957 Gen mtge 4%a 1957 Louisville & Nashville—(Conclude Atl k & Cin Div 4s 1955—m&n 90 46 3.75 Bid Bonds Ask & Transp 5s 95 11934 98 ?0 railroad bonds bond price* «r« Mand Interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All Bid Bonds Ask Northern Central— 113 Gen & ref 6s 1974 ser A.-M&S 107 Gen & ref g 4 34s ser A *74. M&S Northern Ohio Ry 1st guar 5s— Apr 1 1935 & sub coups 1945.. / / Oct 1938 and subs coupons 50 45" 38 Ctfs of dep stmpd as to sale of April 1933 to Oct 1934. 1945- / Stampod as to sale of Apr 1 '33 / to Apr 1 1938 coupons Northern Pacific— Prior lien g 4s Jan 1997 Gen lien g 3s Jan 2047 48 36 8034 83 4634 5034 64>4 5534 5534 — Q&F Ref & imp 434s 2047 ser A. J&J Ref & Imp 6s 2047 ser B—J&J Ref & imp 5s 2047 ser O—J&J Ref & Imp 5s 2047 ser D... ~~ b Eq tr 4kb 1939-'40 (yr)M* Eq tr 234 s 1939-1947 M&S 0 Eq tr 234s 1939-1946 J&J 0 Nor RR of N J gen 4 34s 2000. J&J f 48 53 . 84 Northwestern Terminal Co— 27 1st income 5s June 1 1948.F&A f Northwestern Terminal RR— 1st M 5s 1977 An .-Apr f Norwich & Worcester 4 34« '47Mi! Ogdensburg & Lake Ohamplian 1st guar g 4s 1948 J&J 27 29 29 87 _ 4s J&J stamped 1948 4 « Ohio Connecting 4s 1943 M&S Ohio & Little Kanawha 5s '5CM&S Old Colony RR 4s 1938.—J&J 1st M 5H» 1944 F&A 1st M 5s 1945 series B J&D 1st M 4 34s 1950 series O...J&J Ore RR & Nav cons 4s 1946. J&D Ore Short Line 1st 5s 1946--J&J 3m 105 '734 6 734 734 734 108 M 6 6 _ 104 34 65 68 62 65 9634 9734 10034 101 10234 4s M&N M&N 10734 11034 M&N F&A 1103-4 11634 98 104 9334 9434 8234 87 80 4.75 1.50 1.00 2.75 2.60 1940..A&O 5334 434 10434 2d consinc 4s 1990 Apr 1 Peoria & Pekin Union Ry— 1st g 534s 1974 series A F&A Peoria Ry Ter 4s 1937 gu op.J&J Pere Marquette Ry— 1st g 5s July 1956 ser A..J&J 1st g 4s July 1956 ser B..J&J 1st 4 34s 1980 ser C ..M&S Equipment trust 434» Equip trust 234* 1939-46..J&J Perkiomen RR ext 3 34s 1951.J&J 47 64 1st ,,old 4s 1943 115 118 9834 10434 9334 95 85 88 81 4.40% 1.00% 0.50% 2.25% 2.00% 5334 534 109 51 s* 63 3.00 2.50% 2.50% 3.00 90 96 10834 M&N April 1 1960 108 M 11134 61M Phila & Bait Cent 4s 1951..M&N Phlla Bait & Washington— Gen 4s 99" 10934 101 A&O 4s series D 1945 M&N 9M 1034 115 116 105 108 10634 10634 10534 108 F&A J&D 434s series I 1963 43&s series J 1964 Gen M 5s 1970 ser A F&A M&N J&D Gen M 5s 1975 ser B A&O Gen M 434s 1977 ser O...J&J Pitts Shawmut & Northern— 6% receivers' ctfs 1927 F&A / Pgh & Shawmut 5s 1959 J&D / Pitts Shenango & Lake Erie— 1st gold 5s 1940 A&O Cons 1st g 5s July 1 1943..J&J Plttsb Term RR & Coal— 1st g guar s f 5s 1942 J&J / Pitts Va & Char gu 4s 1943.M&N Pitts & West Va Ry— 1st M 434s 1958 ser A....J&D 1st M 434s 1959 ser B A&O 1st M 434s 1960ser O A&O Eq tr 3348 Apr 1 1939-1946 Eq tr 234s 1939-1946 J&D b Basis. / 10634 3 16 3934 1834 10 12 3234 / 4 6 434 534 734 534 82' 23 105m 9534 11234 114 1st 1234 10734 46 43 44 5.50 5.50 434s 434s 434s 50 ser ser ser 4 34s 2 34s Ref & 96 M&N 1.50 2.00 ser 2.75 2.75 Div 1st 4s 1951 F&A 1934 1334 1st mtge 4s ser B 1967— J&J Toledo St Louis & Western— 1st gold 4s April 1 1950..-A&O 20 , 1334 J&D 86 Mortgage 4s Dec 1 1996.-J&D 80 Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Obnsol M 434 s 1960 ser A F&A St Paul East Gr Tr 434* '47.-J&J St Paul & Kansas City Short Line F&A / . 14 634 7 ,734 Manitoba— Pacific ext 1st 4s £ 1940—J&J St Paul Union Depot— J&J Salt Lake City Union Depot and RR 1st 5s 1938. ..M&N Salt Lake & O rden 5s 1934 Val— A&O Onion Pacific— 1st ry & land gr 4s g 1947--J&J 1st & ref 4s June 2008 M&S 1st & ref 5s June 2 2008—M&S 117 94 15 20" 60 61 San Antonio & Aransas Pass— J&J Transylvania RR 1st 5s 1956. J&J Tulsa Un Dep 1st 4V$s '59 J&J (Juion Depot (Columbus, Ohio) Gen 434s 1946 J&J 9834 116 106 M&S Schuylkill & Leh 1st 4s '48.M&N Scioto Val & N E 1st 4s 1989M&N Seaboard Air Line Ry Co— 1st gold 4s 1950 A&O Stamped A&O Adj mtge 5s Oct 1 1949—F&A Ref gold 48 1959 opt A&O Certificates of deposit 1st & cons 6s 1945 ser A—M&S 35-year 334s debs 1971—M&N .A&O Eq tr 234 s ser E 1939-52 _J&J Eq 434s Sept 15 1939-.M&S15 Onion RR (Penn) 1st 5s '46.M&S 34-year 3 34s debs 1970 107 87 34 8634 Deb 6s deposit 5% secured notes 1931 F&A deceiver ctfs 2-3 348 '45—F&A Udanta-Birmingham Div— lstg4s May 1 1933 M&S Seab-All Florida Ry— A ctfs of deposit B ctfs of deposit prior lien 5s '48. A&O Shamokin Sunbury & Lewisb'g— 2d ext'd 5s 1945 J&J Shrev Bdg & Ter 5s '55 gu—F&A Sioux City & Pac 3 34s 1936..F&A / Somerset Ry 1st & ref 4s '55_. J&J 1st M 4s July 2 1950 J&J South Bound RR 1st 5s 1941 A&O / 5s 1963 , A&O Southern 111 & Mo Bridge Co— 1st Mg 4s 1951 M&N South Indiana 1st g 4s 1951..F&A cons gu g 4834 45 4.75% 4.75% k Last sale, n Nominal. M&S 1946 70 116 16 18 334 634 634 434 834 734 634 9 934 734 58 61 1434 1734 354 334 334 534 9034 70" 77 22 18 35 . 42 35 12 114 M&S General gold 4s 1944 Sept 1 1948 M&S 434s Feb 1 1973 F&A Gen 1st g 3 34s 1951 M&S Otica Clin & Bing 5s 1939—J&J 1st 71 45 96 72 38 102 101 11334 106 11434 9534 96 2.50 1.00 109 112 10934 112 116 105 95 Vandalia RR— Cons g 4s 1955 series A...F&A Series B 1957 M&N Vera Cruz & Pacific RR— 10534 10534 1st gtg g 434s 1934. J&J July 1914 coupon off J&J 1st guar 4 34s assented— Cash war & scrip ret No. 5 on Vermont Vail 1st 4 34s 1940. A&O Vicksburg Bridge Co— 1st s f 4-6s 1968 -M&S Vicksburg Bridge & Term Co— 1st M s r 6s 1958 M&S Debenture s f 7s 1948—.M&S Vicksburg Shreveport & Pacific— Pr lien 6s '15 ext 5% '40—M&N Gen 5s May 1 1941 M&N ref & impt 5s 1973 M&N . H 62 64 34 21 90 80 75 J&J 72 5s 1958 A&O Virginian Ry— 1st lien & ref 334s A 1966.M&S 106 1st cous g Eq tr 434» 1939-1940 (yr)-J&J 67 44 105 95 Va & Southwest 5s 2003 16" 5834 10534 116 - 43 89 F&A 1st 4s 15 6 85 68 Onited N J RR & Canal Co— 1st 4 34s Sept 1 1979 M&S 11834 14 334 80 Onion Terminal Co (Dallas)— 1st mtge3348 1967-.- 112 10934 3.25 97 Toledo Peoria & Western KR— 37 30 2.75 M&N imp M 3jis ser A'66 J&D Mary^i 2.75 01939-44 J&D D 1939-52.. —M&N B193943 ser 5534 5434 St Paul & Duluth— Gen 8234 HH 1939-40...M&S JJ 1939-42 A&O A193943. F&A Toledo Canada Southern & Det— 1st 4s 1956 J&J Toledo & Ohio Central— 100 St J&J ser II" 634 97 93 South & North Alabama— 40 J&E D. Tex Pac-Mo Pac Term RR— 1st M g 534s 1964 M&S 65 25 8334 73 8234 ser II" 38 115 10234 82 34 4s Seaboard & Roanoke 5s 1931.J&J 115 103 Gen & ref 5s 1980 1034 1034 Seacoast RR 6 10 10234 11334 11434 1534 1034 934 1034 834 1034 104 20 F&A Tol Term 1st 4 34s '57 gu- ..M&N Tol Walhoudlng Valley & Ohio— 1st g gu 4s 1942 ser O M&S ser / 2d 5s Dec 1 2000 Ann Mar Gen & ref 5s 1977 ser B...A&0 Gen & ref 5s 1979 ser 0—A&O 64 103" 4 M 534s 1950 guar 4.60, 4.00% 4.60, 4.00% 4.601 4.00% ser 88 28 Texas City Term 6s 1941 .J&J '26 Texas & New Orl 5s 1943 J&J Texas & Pacific Ry— 1st gold 5s 2000— J&D Southwestern— Eqtr 534s 1939 (s-a).....M&S Equipment trust 5s Equip tr 434s 1939-1945..J&J 68 4 38 Texarkana & Ft Smith— 60 5834 103 .... F&A 5s series GG 1939 1st g 4s 1989— M&N 2d g inc 4s Nov 1989 J&J 1st term & unif 5s 1952...J&J 1st & ref 5e 1972 15 Equipment trusts— / Eq 434s 1939-'41 BB (yr) .F&A Equipment trust 4s 1939-1943— 68 95 96 Tavares & Gulf 5s A 1935—.M&S Term RR Assn (St Louis)— 1st gold 434s 1939 A&O 8834 11234 10234 9434 A&O Berwick RR 5s 1952 93^ Cons in 4 34s 1978 ser A—M&S Certificates of deposit stpd.. 1st guar 4 34s 1941 10 65 Tampa & Gulf Coast g 5s'53_A&0 North 1st 5s '30 opt.J&J Tampa Union Sta 5s 1940.-M&N Tampa Un Term 4-634s '53..J&J 10634 Prior lien 5s 1950 series B.J&J Certificates of deposit St Paul Minn & 18 103m 40 Gen ref s f g 4s '53 opt '10.J&J Terre Haute & Peor 5s 1942_M&S 434 Certificates of deposit St L Peo & N W 5s 1948 J&J / St Louis-San Francisco Ry— Prior lien 4s 1950 series A. J&J Certificates of deposit 4s 1968 70 10034 1334 J&J A&O 1st consol gold 58 1944 65 J&J J&J J& St Louis Iron Mt & Sou— Riv & Gulf Divs 4s 1933-M&N 1st consol g 6134 J&D 1989 Suffolk & Car con 5s 1952 Sullivan Co RR 6s 1944 104)4 1 J&J Gen & ref 5s ser A 1990 70 "3" Tampa 1st gold 4s 1947 J&J St Lawr & Adirond 5s 1996-.J&J 2d gold 6s 1996 A&O St Louis 2.00 2.00 40 Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 J&J / Sturgis Goshen & St Louis Ry— 10534 4534 St Johns & L Cham 5s 1944.M&S St Joseph & Grand Island— Jhis price includes accrued interest. 98 10234 10134 St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51--J&J Certificates of 106 F&A 1941 69 7134 J&J Spokane Falls & Nor 6s 1939.J&J Spok Internat 1st g 5s 1955.J&J Stark Elec RR 1st 7s 1952—J&D Staten Isld Ry 434s 1943 J&D 1st 3s Dec 1 1st g 5s 1942 95 M&N F 434s stamped gen - 82 55 M g 4s '50. A&O 6s 1956....A&O 634s 1956.. A&O 1st Mem Div g 5s 1990 J&J St Louis Div 1st g 48 1951 .J&J 98 A&O 1941 gen gen 6434 Spartanburg Union & Columbia— Santa Fe Prescott & Phoenix— 93 1953 series 4 34s 50 A&O 1st 4s 1995 San Fran Term 1st 4s 1950..A&O 4s series G 1957 4s series H I960 334s series E 1949 102 J&D 10434 104 4s con 1.50 2.00 Susquehanna Bloomsburg & 105 Piedmont & Northern— A&O M&N 10234 32 Rutland 1.50 2.25 2.50 Eq tr 5s 1939 (s-a) M&S Eq tr 4 348 Oct. 1939 (s-a)-A&O Aiken Branch 4s 1998 J&J 103 10334 10234 101 1st g 4s Nov 1 1948— M&N Richmond & PetersburgCons 4348 1940 A&O Richmond Term 1st 5s 1952.J&J 11334 106M 10854 . 434s series B 1942 434s series O 1942 1.75 93 1st guar g 4a 1943 San Fran & San Joaquin 1st g 5s Oct 1 1940 84 Phila & Chester Val 4s 1948.A&O 91 Phlla Newton & N Y 3s 1942 A&O Phila & Reading RR—See "Read! ng Co." 1st mtge 3 Ms 1966. J&O Pitts Bessemer & Lake Erie— Cons gold 5s 1947 J&J Pitts Cin Chic & St Louis— Con g gu 434» ser A 1940.A&O 2.00% 1.00% 103 106 Gen 5s 1974 series B T&A M 434s 1977 ser C_. J&J God 4Mb series D 1(W .J&D Gen Philippine Ry 1st 4s 1937...J&J / Develop & Develop & Develop & 73 St Louis City see Pac of Mo 92 J&D g 5s Dec 1 1968 J&D M 434s 1981 ser D A&O M 4 Ms ser E 1934 J&J Deb 434s 1970 A&O Gen M 3 Ms ser C 1970—A&O Oonv deb 334« 1952 A&O 30-yr secured 4s 1939-1964.J&J Gen equip 5s 1939 (yr) A&O Eq tr 434s 1939 (yr) _A&0 Eqtr 4s8eriesK 1939-1949-J&J Eq tr 2Ms eer H '39-'52_.M&N cons 70 71 . 70 2.75 Rock Island-Frisco Term Rylst M 4 34s 1957 J&J 73 Con M 4s gold 1948 sterling East 54 70 6% g bds May 1 1941 M&N Fredericksbg & Potomac Rutl Can 1st g gu 4s 1949 4s stamped 1949 Pennsylvania RR— Peor & 9 98 Cons mtge 434s 1940 A&O Richmond & Mecklenburg— opt 50 5834 1st ref g 4s 1955 opt 1910..J&J Stamped (Fed tax) 1955. J&J / Southern Railway— 1st consol g 5s 1994 J&J Rich 24 70 stamped dollar M 4 343 gold 1960 g 43*s 1965 52 Delaware River Terminal 1st 5s 1941 M&N Rensselaer & Saratoga— 108 5s 1939 A&O Con Gen Gen Gen Gen Ferries) 1st 534_s 1949 Southern Pacific RR Co.— 34 Southern Pacific (Golden Gate 48 Eq 434s 1939-'45 (s-a)—.M&N Equipment trust 5s Philadelphia & Reading RR— Imp M ext g 4s 1947 A&O Extended 4 34s Oct 1 1943... Term 5s g gu May 1 *41 Q&F 1st coll tr 4s 1949 opt 101 Con M 4s gold 1943 Con M 4s gold 1948 75 Gen & ref 434s 1997 ser A._ J&J Gen & ref 434s 1997 ser B.J&J Rock Island Ark & Louisiana— 1st guar 434s 1934 M&S 102 Cons mtge 434s 1939 A&O Cons mtge 4s 1939 A&O Penn Ohio & Detroit RR— 1st & ref 434® 1977 ser A..A&0 1st & ref 4 34s series B 1981 "334 38 Raleigh & S'port Ry 5s *65-. J&D Reading Belt 1st 4s 1950 M&S Reading Company— Jer Cent 4s 1951 opt'06--A&O 67 68 J&D 101M 10434 334 - Coll tr g gu 4s 1943 53 50 49 _ Rio Gr June 1st gu 5s 1939—J&D Rio Gr So 1st g 4s 1940 J&J 1st g 4s guar 1940 J&J Rio Gr West 1st 4s 1939 J&J 80 10 99K 84 Richmond-Washington Co— 100 1942 1944 con 117" F&A M&N F&A J&D Gu tr ctfs g 4s 1952 Gu tr ctfs g 334s 1941 Pa & N Y Canal 22)4 89 9834 80 49 50-year 434s 1981 M&N 434s 1969 with warr M&N 10-yr secured 334s 1946...J&J Equip 5s 1939 (yr) M&N Eq tr 434s 1939 1940 (yr)_J&D s 1939 Eq tr 4 34s 1939-1941 (yr)_J&D Pacific Fruit Express-^ Eq 5s 1939 C~(yr> M&S Eq 5s 1939-1941 D (yr)_A&0 97" 95 97 Portland & Rumford Falls— 5s 1951 M&N Potomac Val 1st gu 5s g 1941 J&J Prov Sec deb 4s 1957 gu M&N Prov Ter 1st g 4s gu 1956...M&S Prov & Wore 1st 4s 1947 A&O 6134 red to 1956 J&D/ Paterson Extension 5s 1950-J&D Paulista Ry 1st 7s '42serAM&S15 Gu tr ctfs g 334s Gu tr ctfs g 334s 108 6 1st cons guar 5s 1946 J&J Oregon-Wash RR & Nav— 1st & ref g gu 4s '61 opt. J&J 104 PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938.-F&A 70 2d ext 5s gold 1938 J&J f 65 Cardelet Br 1st 434s 1938. A&O / 63 St Louis City real est 5s '38 J&J / 65 Paducah & 111 1st 434s 1955.J&J 10134 Paris-Orleans extl 53\*s 1968 M&S 99 m 6% franc bonds (foreign series) Pennsylvania Company— 28-year secured 4s 1963 634 434 30 107 m 114m 11634 108 10134 10134 10334 87 Biu Bonds Southern Pacific Co— Coll tr 4s (OP) Aug 1 *49.. J&D 1st 4 34s (Ore Lines) 1977.M&S 40-year 434s 1968 M&S Raleigh & Augusta Air Line— 1.00% 5 J&D F&A J&D J&D Port Reading 1st gu 5s 1941-. J& J Portl (Me) Term gu 4s 1961-J&J Guar 5s 1961 J&J 1st gen 5s 1974 series O 1st 434s series D 1977 1st 5s 1931 J&J Ral & Gaston 1st 5s g 1947.-J&J 59 2.00% 2.00% 82 J&D 102 1st gen 4s series A 1948 1st M 5s 1962 series B 59 1.50 2.50 Ask Young & Ashtabula— 6434 , 2.50 _ North Pennsylvania RR— Gen g 3 3-10s 1953 65 Bid Bonds Pitts 55 1.50 F«B., 1939] RAILROAD BONDS 71 NOTICE—All bond prices srs "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds and Stocks Bid Ask 1st gold 5s 1939 M&N f 2d gold 5s 1939 F&A Deb mtge 6s series B 1939. J&J 1st lien term gold 4s 1954.J&J f .Equipment trust 5J*s Equipment trust 5s Eq tr 4Xa 1939-43 (yr)—_A&O Det & Chic ext 1st g 5s *41. J&J / Des M Div 1st g 4s 1939. -J&J f Toledo & Chic 4s g 1941—M&S / - Omaha Div. 1st 3 Hsg '41.A&0 f Wabash Railway Co— Ref & gen 5Hs 1975 A M&S Certificates of deposit Ref & gen 5s 1976 ser B..F&A Certificates of deposit Ref & gen 4 X* 1978 ser O.A&O Certificates of deposit-. Ref & g«n 58 1980 ser D—A&O Certificates of deposit Warren 1st ref g 3Hs 2000—F&A 45X 25 44 X 24X Canadian Pacific 4s Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 3 Mb Jan 1954 opt 1924 J&J Washington & Franklin Ry— 1st extend 4 Ms 1954.. J&J Wash Term Co—3 Mb 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 25"" ■ _ 85 50 X 19 38^ 15X 23 X 19 X X 9*2? a" 11M 12M ±*74 10X 1st 5s 1980 5X 85 X 37M 40 - 9 11 "8M 10H 25"" 43 (guar) .50 22 8X 20 20 M 34 X 106M 102 X 107 107 108M 102. 18X 19X 51M 10% 79 X 82 19 17 H 5.00 105 i* IX IX 85 4.00% '83 110M 102M 104 100 Delaware & Hudson Co 2 4 1st 5s extended 1948 J&J Wichita Union Terminal Ry— 1st g gu 4 Ms 1941 opt M&N Wilkes-Barre & Eastern— 25 30 Delaware Lack & Wichita Falls & Southern— 26 30 69 Delaware 75" 43 Westelrn 50 (guar Penn) 25 6% pref.1.00 Denv & Rio Gr West 8* 5M 6 7 100 4% 1st non-cum preferred._100 4% 2d non-cum preferred. .100 Columbus & Xenia (guar) 50 Concord & Portsmouth (gu)..100 Conn & Passumpsic pref (gu)-100 Consol Rys of Cuba 6% pref. 100 Cuba RR 6% non-cum pref.. 100 Dayton & Mich com (guar) 50 Preferred (guar) 50 Delaware & Bound Br (guar) .100 20 280 112 107 M non-cum Colorado & Southern 20 90 125 pref (gu) 100 Cleve & Pitts (gu Pa RR) 7% .50 Special guar 4% 50 1.50% 104M 104 M 109 M 106M 5% 7% 6M 5X 100 30 35 66 70 2X 35* 2X 5 M Southwestern (guar) Detroit & Mackinac Ry 100 100 36 IX Detroit Manufacturers (guar) 100 40 16 Dover & Rockaway (guar) Duluth South Shore & Atl— 100 19 M OX 45 X gold 4s 1947 F&A Wilmington & Nor 4 Ms 77.. J&D Gen 5s Aug 1 1982 F&A 70 76 100 Wilmington Ry Bdge 5« '43.A&0 90" 6% non-cum preferred East Mahanoy (guar) East Pennsylvania (guar) Elmira & W'msport (guar) Preferred (guar) Erie—common 100 40 30 1st Winston Salem Southbound— 1st gold guar 4s 1960J&J Winston Salem Term 5s '66.A&0 Wisconsin Central Ry— 1st gen g 4s 1949 Certificates of deposit 1st & ref 4s 1959 109 M 111 M&N Worcester & Conn Eastern Ry— 1st gold 4M« 1943 J&J Yonkens Ry see "P U" bonds— Yosenaite Vails f g 5s 1936..J&J 9M 7M 3 5 10 H 14 3M 4X 30 >X 35 5 50 100 Albany & Susquehanna (gu) —100 Albany & Vermont (guar) 100 Alleghany Corp common... * 5M % pref (with $30 warr).l00 5M % pref (with $40 warr)_100 5M% pref (without warr)_.100 2 M % prior conv pref * Allegheny & West (6% guar). 100 Atchison & Eastern Bridge 100 Atchison Topeka & Santa Fe.100 5% non-cum pref 100 Atlanta Birm & Coast pf (gu).100 Atlan & Char Air L (guar) Atlanta & West Point 63 M 80 !§* 100 123 128 19 24 24 26 24 Augusta & Savannah (guar).. 100 Avon Gen & Mt Morris (gu)-100 23 X 34 5 50 common 100 6M 4% non-cum pref 100 Bangor & Aroostook com 50 5% conv preferred 100 Beecn Creek (guar N Y C) 50 Belgian Nat Rys CoAmerican shares partlc pref Boston & Alb (guar N Y <J)..100 Boston & Maine common. .100 7X 23 X Baltimore & Ohio ... Unstamped— 1st pref 5% class A 1st pref 8% class B 1st pref 7 % class C 1st pref 10% class D 1st pref 4M% class E 6% non-cum preferred 7 % prior preferred Stamped— 39 "OX AAA 100 1st 1st 58 54 60 153 160 1 24X 40 14.X 8* 4M 17 M F 2 17 X 17 26 8* 42 .4% non-cum ->..100 preferred Preferred sx 9X 16 X 18M 43 46 150 100 "4X 65 Louisville Henderson & St Louis— 75M Preferred Louis & 60 99 50 43 M 34 (guar) 100 Mo Riv pref (guar)—10b 103 46 37 20 .100 50 2% Lykens Valley RR & Coal (gu)_20 15 35 51 17 5" 400 450 IH IX IX IX IX 2M Pref (guar N M ilne Central 50 48 Louisville & Nashville 100 5% preferred 100 Massawippi Valley (guar) 1M 6% 2 2X IX IX IX IX IX VA 20* Y Central) 100 100 Michigan Central (guar) Midland Valley common Preferred 2X 2M 3 50 Mill Creek & Minehill Nav (gu)25 Mine Hill & Schuyl Hav(gu)__50 4% leased line ctfs M 3 33 Mississippi Central 100 * com 7% preferred series A Missouri Pacific 12 5% conv 100 com 100 preferred 100 .... 36 33 X X X 100 F 70 800 60 650 Minneapolis St P & S S M...100 7% non-cum preferred 100 Mo-Kan-Texas RR 23 4X 12M 50 1M IX 7M X IX 34 X X M X 2 IX 7X ♦ x No par value. Hx-dividend. X Quotations represent dollars per $100 face amount, 100 b Basis, Peoria & Bureau Val (guar).. 100 & Eastern 100 Pere Marquette Ry com.I.IIlOO 44 83 11X 55 JX 66 30 X 105 38 20 30 30 2 27 20X 94* it* 100 26 100 30X ...100 1 hi la Germ & Norris (guar).. 50 Phila & Trenton (gu Pa RR).100 Piedmont & Northern Pgh Bess & Lake Erie (guar).. Preferred (guar) 15 119 260 32 50 42 50 81 Pitts Cin Chic & St Louis (gu) .100 Pitts Ft W & Chic com 100 145 100 171 58 (gu) 7% pref (guar Pa RR) Pittsburgh & Lake Erie 50 13 X Preferred (guar) 100 Pittsfield & No Adams (guar). 100 Portland & Ogdensburg 141 (guar) 100 16 100 55 Prov & Worcester (guar) Railroad Securities Co— 14% 111 Cent stk ctf 1952—1000 Reading Co.. 50 4% non-cum 1st pref 50 4 % non-cum 2d pref 50 Rensselaer & Saratoga (guar) .100 Rich Fred & 43 9 15X 22X 18X 65 Potom—com... 100 Dividend obligations......100 6% guaranteed.. 100 7% guaranteed 100 Roch & Genesee Val RR (gu).100 Rome & Clinton (guar) 100 Rutland 7% preferred 100 Rutland & Whitehall (guar)..100 St Joseph South Bend & Sou— 175 15 36 1 35 100 13 Preferred (guar) 100 St Louis Bridge 1st pref (gu)._ 100 2d preferred (guar) ...100 126 (guar) 6% non-cum Ry preferred St Louis Southwestern 100 100 Shamokin Vail & Pottsv (gu)__50 Sharon (guar Erie) 50 Southern Pacific Co Southern Ry common non-cum 100 100 preferred 36 63 100 5% non-cum preferred 100 Saratoga & Schenectady (gu).100 Schuylkill Valley Nav & RR(gu)50 Seaboard Air Line common * 4-2% non-cum preferred 100 100 Mob & Ohio stk tr ctfs (gu).100 Southwestern of Ga (guar).-.100 Stony Brook (guar). 100 Sussex (guar DL&W) 50 Syracuse Bing & N Y (gu).__ 100 Tennessee Central. ♦ IX IX 5 87 32 A% 60 15 17 X 18 X 27 X 33 40 60 8 145 100 7 75 73 40 Preferred Tunnel RR of St Louis (guar) .100 Union Pacific—Common 100 4% non-cum preferred 100 United N J RR & Canal (gu)_l00 & Susq Val (gu) 100 Utica Clinton & Bingham (gu)100 Preferred (guar) 100 Valley RR (N Y) (guar) 100 Vermont & Mass (guar) .100 VIcksb Shrevep & Pac (guar). 100 5% non-cum pref (guar) 100 Virginian Ry common... 100 6% cum preferred ...100 Wabash Ry 100 5% non-cum preferred A 100 5% non-cum conv pref B..100 Ware River (guar) 100 Warren N J (guar DL&W). 50 West Jersey & Seashore (gu). 50 Western Maryland Ry com.. 100 1st 4% preferred non-cum 100 2d pref 100 Western Pacific RR Corp....100 6% non-cum preferred... Wheeling & Lake Erie Ry 1M Mobile & Birmingham—1 4% non-cum pref (guar) 75 Peoria Utica Chen 70 2 86 108 Texas & Pacific Ry 100 Troy & Bennington (guar) 100 Troy & Gr'bush (gu N YO)„ 50 4M 10 50 Pemigewasset Valley (guar)..100 Pennsylvania RR 50 Pennroad Corp v t c 1 5% 70 50 Lexington Union Station— Preferred (guar) F 171* 145 _ St Louis-Sau Francisco 50 60 Lackawanna RR of N J (gu).-100 Lake Superior & Ishpeming 100 Lehigh Valley 50 100 Passaic & Del Exten (guar)..100 Paterson & Hudson River (gu)_50 Paterson & Ramapo (guar). 50 Common 14 X 35 30 24 M 100 pref 5% class A 100 pref 8% class B 100 pref 7% class C 100 1st pref 10% class D 100 1st pref 4M% class E 100 6% non-cum pref stamped—100 Boston & Providence (guar)..100 Boston RR Holding pref. 100 1st - 55 Little Miami original guar Sper gu*r betterment stk. Lit Schuvl Nav RR & Ooal(gu) 100 Common — 20 Mahoning Coal RR 100 100 100 100 100 - Kal Allegan & Gr Hap (gu)..100 K O St L & Chic—Pref (gu) 100 Kansas City Southern 100 , 73 .84 68 55 42 83 29M 48 65 Internat Rys (Cent Am) com 5% preferred .....100 Joliet & Chicago(guar) 100 10 58 gu See utility stocks Central 100 Non-cum 6% pref series A.. 10C Leased linos (guar) 100 Stk tr ctfs—See RR Securt Co 15 36M 43 85 100 Illinois 10 x 100 Atlantic Coast L Co of Conn..50 Atlantic Coast L RR com 100 7% * * 100 40 ?!* iX 4 Hartford & Conn Western Hudson & Manhattan 62 M 66 lVa IX m 4 70 50 40 35 X 68 IX Greene (guar DL&W) 100 Gulf Mobile & Northern com.100 6% preferred 100 UM 10X 63 2 1 11X 9% 46 2d preferred 100 Goshen & Decker town (guar).. 10 Great Northern Ry— 14 60 M 75 67 120 35 37 66 7 Preferred (capital stock Green Bay & Western 50 62 42 % 3X X 100 100 Pittsburgh & West Virginia... 100 Pitts Youngs town & Ashtabula— 100 preferred Iron Ore Prop trust ctfs A1 Great Southern com Preferred Alabama & Vicksburg (gu) 32 50 non-cum 1st RAILROAD STOCKS Bait & Cumberland non-cum A* 3 11 9 13 50 50 50 50 1st preferred..100 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 & Bank Co (gu).lOO Georgia Sou & Fla common 100 4% 4% J&J A&O Sup & Dul Div 4a 1930—.M&N Certificates of deposit Minefield & S'eastern div 4s 1951 93 100 preferred 54 100 Peterborough (guar). 10 H Wilmington & Newbern— 100 Western Ry 100 Adjust 4% non-cum pref 100 No Carolina (guar Sou RR)__100 North Pennsylvania (guar) 50 Northern Cent (guar Pa RR). 50 Northern Pacific Ry 100 >rthern RR of N H (guar) —100 >rthern RR of N J (guar) 100 Norwich & Worcester pf (gu).100 Ogden Mine RR (gu Cn N J).100 Old Colony (gu NYNH&H)__100 Ontario & Quebec (guar) 100 Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) 50 145 10 non-cum 110 Norfolk & 138 14 5% 113 50 5% preferred 5% prior preferred F&A 6s 1939 31 50 7% conv preferred.. N Y Ontario & Western.. Norfolk Southern 39 84 19M 6X 43 X 2 100 (gu) pref (gu) 79 Detroit Hillsdale and 104M com non-cum S % iackT& West teuar) 3* Cleve Cine Chicago & St Louis Common (guar) 100 50 ♦ 100 6% preferred series A. N Y & Harlem J* 110 39 18 X 20 New York Central RR N Y Chic & St Louis com X 2% X X Preferred 100 Cin Union Term 5% pref 100 Clearfield & Mahoning (gu)—50 53 42 94 1 IX 250 67 25 25 NY New Haven & Hartf Preferred (guar) — .100 Cin New Orl & Texas Pacific.-100 60 100 Original (guar L & N) Unstamped (guar L & N) New London Northern (gu)__ 100 New Orleans Great Northern.100 New Orl Texas & Mexico 100 48 Inter-Terminal— Cinn 2 34 36 30 Nashv Chatt & St Louis 100 Newark & Bloomfield (guar)..50 X 2X M 2X M 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred 100 Chic R I & Pacific common...100 7% preferred 100 6% preferred 100 39 Nashua & Lowell (guar) Nashville & Decatur— Bid 88 55* 45 —* Common 75 36M Par 21M 34 X Chic Milw St P & Pacific— J&J 1st guar g 5s 1942 J&D Willamette Val Southern Ry— Hill 40 18* 6% preferred 100 Chicago Great Western com.. 100 4% preferred 100 Chicago Ind'polis & Louisville 100 4% non-cum preferred 100 83 H trust 5s 50 5 84 Chicago Burl & Quincy 100 Chic & East Illinois common.100 11M 2.00 104 M Equipment Mobile & Ohio—See Southern Ry Montgomery & Erie (guar) 10 Morris & Essex (guar). 50 Morris & Essex Exten (guar). 100 Mt Carbon & Pt Carbon (gu)__50 25 Chestnut 9K Equipment trust 4Mb West N Y & Penna 4sl943_ A&O Western Pacific RR Corp— l»t M 58 1 946 series A M&S Assented 5s 1946 Western Pocahontas 4 Ms 1945.. Western Ry of Ala 4 Ms *58—A&O Wheeling & lAke Erie RR— Ref mtge. 4s ser D 1966..M&S 1st consol gold 4s 1949 M&S Wheeling Term 4s 1940 F&A White & Black River Valley— Stocks 25 Catawissa RR—1st pref (guar).50 2d preferred (quar) 60 Cayuga & Susq (gu D*L & W) 30 Central of New Jersey 100 Chattahoochee & Gulf (guar) .100 Chesapeake Corp * Chesapeake & Ohio common—25 Preferred series A..... 100 3~1X 88 86 1st & ref 5 Ms 1977 ser A..J&J _. Ask 22 44 Caro Clinchfleld & O (guar).. 100 Fruit Exp—See Or Nor Western Maryland 4s 1952.A&0 Bid 25 100 Camden & Burl Co (guar) Canada Southern (guar) Washington Central Ry— 1st Par Stocks Wabash Railroad Co— 48 4% prior lien. 126 81 81 237 52 14 45 60 68 138 110 IX 2X 2 55 26 53 3 40 5X X 100 TOO 100 SM%cum pr~ferrart....... 1DO Wilton (guar Boston & Me)—100 f This price includes accrued interest, 17 k Last sale, 55 55 74 X 26 n Nominal. Investing Companies Stocks and Bonds Per Affiliated Fund com — 1.25 Sec conv deb 5s 1944-47—J&J 98 M 99 X * i§* 1 Warrants — — (Mass)-— IX 98 M 5% Amer Business Credit A Shares— Business 10c S5.50 prior pref 28% 28X IX IX 4% A—_—25 div ser w w 25 1 Amer Elec Sec partic pref American European Secur Coll tr s f 5s 1958ser A.--.J&J 5s series B 1958 —M&N American General Corp 10c 52 preferred —— 1 $2M preferred $3 preferred —Amer General Equities Ins—25c ♦Amerex Holding Corp —* Class A opt Class B _ Investment Amer 4% 25 M 27 33 M 90 5% preferred w w 100 5 % preferred ex-warr 100 10-year deb 3s 1946 J&D Associated Stand. Oil Shs—---2 Deb 5s Feb 99 X 5 60 44 ♦Class A Bankers Securities Corp 6% preferred Industry Shares Basic 5% 1 com—50 50 10 15.67 Boston Fund lnc 2^ 2|M 36M ment "1% 38 16.85 A&O Canadian Invest. Fund, Ltd 1 Canadian Pow & Pap Invest Ltd Deb 5s series A 1958 F&A Capital Administration cl A S3 cum pref series A 10 Carey Trust * Cent-Illinois Securities Corp—1 SI .50 conv preferred - * Cent Invest Corp 5-6s '57--A&0 ♦Central Nat Corp class A * 94 96 * 2 ♦Class B 3.95 7% preferred Conv preferred Conv pref series of 1929 6% cum preferred Century Shares-Trust 4.30 75 77 6X 39* 17 4I* it 32 3 71M 72 X 5% 4% 4X 1 10.11 24.54 10.94 IX com Preferred 2,140 132 100 -—100 47X 100 City Investing Co 7.25 3.66 5.07 6.53 4.91 4.53 6.26 Investors 5.63 5.17 22 % X 1 com 90c 40c 1948 Holding Corp 1 Hydro Elec Sec com * Illuminating & Power Securities 1st preferred 100 Incorporated Investors 5 Independence Trust Shares—.. * X Debenture 5s series A * 2.45 2.55 2M 3M 1.13 1.43 1.03 1.31 - 100 A&O 106 M 103 X 102 X 54 X 4M 7 X X 4% IX 5% 4% 7% X 4 % 1 (Md) ctfB lnc—1 ♦ 5 common 5* IX 5% 10 conv 22% 23 X 103 Pub 99 X Preferred 11.83 99 103 10 9% 105 X Dec. 19 6M M 27c 31c 59 Royalties Management A ♦Schoellkopf Hutton and Pomeroy lnc common 9.90 Commercial 10.40 8*' n* X M 1 10c 2 10 13 15 50 36 Second Carey Trust 100 Second Nat Inv Corp Com__.__ 1 41 39 43 49 50 90 100 $5 preferred conv 3.40 1 Securities Co of New Jersey— 6s series 4 Nov 1942 Securities Corp General com $6 preferred Selected Amer Shares lnc 1 * _♦ 2M Selected Income Shares Selected Industries 9.23 10.06 4.22 1 * com 1% 50 ■ %" $5.50 prior stock 25 60 Convertible stock _5 7M 60 X 9X Allotment certificates. * I 64 8 66 10 1 1942 M&S 1 1952 ..M&S 80 108 inc., com._ Standard _ _ 23 Series B-l 25.78 28.29 55 X Series B-2 21.73 23.81 107 111M Series B-3 13.81 15.23 106 X 107 Series K-l 15.81 76c M H £1 £1 * 1 X 15.71 16.69 3.43 3.53 % % 10% Investing Corp com. $5.50 preferred w w Deb 5Ms 1939.. 9 * F&A 15 88 ♦State St Investment Corp Suburban Elec. Securities 93 59c 64c 73 X 50c Standard Utilities lnc Keystone Custodian Fund— 112 69c 10c Standard Amer Trust Shares 25 80 Mar March Solvay Amer Corp 5M% pref. 100 M % 4 ; 15.3 10.80 55 11.57 22 25 H 14.34 26 Spanish &.Gen Corp.Ltd— Am dep rets ord reg Amer dep rets ord bearer Spencer Trask Fund lnc 17 M Investors Trust common 100 * Sovereign Invest, 10.86 1 Royalty J'referred % 56 Investors Fund of Amer Series Cl 7 103 Representative Trust Shares 10 Republic Investors Fund: Reynolds Invest 5s 1948 A&O 5s _ X 15M i Equity common 51c 6% 97 , _ Util 4Mb 100 $3 convertible pref A — * Investment Bond & Share— 58 series A 1947 J&D Investment Co of Amer 10 Preferred $6 preferred Shawmut Bank Inv Trust 99 X 4Ms coll tr AAA 1939-43--A&O 5s coll tr BBB 1944-51 A&O 4s coll tr CCC 1939-42---M&N 103 X 45c 10c Prudential Investors Shawmut Association. Interstate Bond Co— Interstate 9 ♦ 5% preferred 18.45 Tnsurans bares Co of Delaware--1 New 30 * pref class A Plymouth Fund lnc $3 Seaboard 98 95 Group shares Shares Utility Invest— Deb g 5s Jan 1949 *-'&A f Deb g 6s 1940 B with war.-J&J f Investors 2M% debentures 1942---J&D 28 J&J * IV* 94 * 1 17.16 Bank 9 Insuranshares 3 10M 92 M 8 Pacific Investing Deb 5s 1948 Pacific Southern Invest pref $6 preferred Institutional Securities Ltd— 1 nsurance Group 14 3% 65 1 4% 3 X 5 Independence Fund ofN A 5% 4 14 .-* Deb 5s April 1 1948 A&O Pacific Finance Corp (Calif) 10 Common stock 43 50c 20c ♦Huron 52 * J&J 1947 1 40 $3 2nd preferred 62 51H * y* Com..* Old Colony Trust Assoc Overseas Securities Co 3eM 5 4M 3M 93 M 93 M 5 4 42" preferred 8.50 6.57 4.14 * * 135 39 Commercial Invest Trust 2M 1 10 10 Investing 5s"l948.A&0 7.89 Pub Util Sec $7 partic pref * 7.15 ♦Putnam (Geo) Fund 4.51 Quarterly I □ come Shares 10c 5% deburies A 1942 M&N 3.99 5.52 Railw y & Light Securities com. * Conv coll 4 %s ser •'ll" *55 A&O 7.11 5.35 Railway & Util Invest A 1 4.94 3M% preferred. # 6.81 Reliance Internat Corp com A 10c $6 1st preferred 107 preferred 1 Oklahoma County Trust Oklahoma Southern Trust Old Colony Invest Trust Debenture 4 Ms Feb 1 7% 104 7.82 Guardian 2,190 _100 3 X % debentures 1951 M&N Deb 6 Ms w w 1944 Oils & Industries com 101 5.10 — 37 Cleve Securities 4-08 to 1943-J&J Commercial Credit common 10 Preferred 7M F&A 5.74 Guardian Invest Trust (Conn)..* Preferred * 1% 35 2.48 * 5.27 Railroad Equip Shares Steel Shares 10 X 22.83 Chicago Corporation Convertible preferred 2.73 1 4.68 International Holdings & Inv * Chemical Fund 2.78 1 Phoenix Sec Corp Tobacco Shares 94 9* 2.26 1 Class B Insull 5* 29 38 * Class A 64 __ 75 1 100 100 100 100 Central States Elec Corp conv 14 Investing Shares Merchandising Shares. Mining Shares 11X Canadian internat Inv Trust— 5s series A 1959 38 29% ' Food Shares 6X 15% $4.25 IX 18X Building Shares 19 14H Bullock Fund Ltd 31 Aviation Shares % 3% 32c conv 1% 17X A&O Corp 4M» 1959 Group Securities, Inc.— Agricultural Shares 26.40 4X% 1 * Great Brit & Canada Invest¬ P }}X 17c Securities 1S2 5.35 Chemical Shares 24.74 Christiana 1«4 1st pref--* Gleneagles Invest 5s June 15 1944 100 100 Debenture 4Ms Dec 15 1952 57' 4.91 Pref allot ctf 25% 99% 5X 6 1 Broad St. Invest Co lnc ' f 48* - 6X 96M Automobile Shares 93 * ---1 Boston Personal Prop Trust British Type Investors 104 M 103 X 33-02 — 95 Preferred 1 $6 preferred 3.53 IX 35M 5.63 German Credit & Investment 7 16% 1 100 preferred conv % 2% Corp Petroleum Shares Blue Ridge Corp common 53 8 1 ♦Bancamerica-Blair Corp Bankers Nat Investing— 1952 Gen'l Realty & Utilities com 14 - 1 * F&A * 1 * Warrants 90 Atlantic Secur 4Mb A 1953.A&0 Atlas Corporation common 5 6% preferred Option warrants. 7% 96 X 102 X 30.71 52 M J&D Northwest Bancorporation Ohio Finance conv 5s 1951 4.48 General Investors Trust 55c 27 26 X 28 M * Associates Investment Co » Investors—* $6 preferred 1951 1958 19.02 5.06 - 25 o lnc Class B 26 X 50c * Investors $6 preferred 23 M 4.45 31M 28M 17.58 2 Fundamental Trust Shares lnc— Class A 2 11* 31 4.15 30% Common ex-warrants 4s North American Trust Shares— 1953 37 1 Common with warrants American 5M 83 M 15c 6% preferred 5M% preferred 7.05 Fourth National Investors General 5 100 common Collateral 7.53 8.95 95 North American Bond Trust Ctfs. North Amer Invest Corp com.100 2.63 3.61 6.39 General Capital Corp General Investment 102 25 25 7% preferred 8% preferred 30M 29M 2% 3X 6X 102 * Corp— (111)--- 20 Series B 75 8.27 Class A preferred 7.93 9.56 Fundamental 1956 Class B 19 2.37 3.26 - Insurance stock series 25 68 Amer Cities Pr & Lt cl Amer Insuranstocks 10c 10c Fixed Trust Shares series A-.-10 3X H 23* * -* S3 preferred 3.75 2M 10c Class B 6 3.39 ... Capital Corp A 8.04 - stocks Normandie Nat Sec pref Foreign Bond Associates Inc.. 10c Foreign Power Secur Corp— 1st coll tr conv 6s A 1949--J&D Foundation Trust Shares ser A—1 101 Steel 20.78 8.87 9.56 8.92 8.70 8.25 Niagara Share Corp (Md)— Conv deb 5 Ms 1950 M&N Fund, Inc.— Bank stock series 1% IX 8.20 ------- Railroad equipment % 29 17 X 7.16 Ask share 8.84 Machinery Oils 29.66 2 19.31 Bid Par Per Metals 6 % Bonds ana N. Y. Stocks, Inc.—(Concluded) 72 26 First Mutual Trust Fund--- 22* F&A 27.88 - 10 X Com.-----* $0 preferred. Dt >eb g 5s 1953 " " lVs share 2 70 X 5X Empire Capital Corp A 5 equitable Invest Tr (Mass)-.--5 tnuity Corp common.10c $3 conv preferred 1 Equity Shares 1 Fidelity Fund, lnc * ♦First Boston Corp —.10 51 47 com $6 conv pref with warr Fiscal com--* $3 convertible preferred-. * 1 * Shareholdings Corp Elec - 44 40 Allied Int Investing Corp Amer i* 2 Deb 4Mb with com shs 1967— Aldred Investment Corp (Can) Deb 4 Ms with com shs 1 Alliance Investment com— * Amer 102" 101}$ Convertible preferred-- Amer British & Cont 13.23 4.14 —J&J 1949—J&J Conv deb 5s 1948 Sec conv deb 4 Ms Air Investors lnc Aldred Invest Trust Per 97 M Stocks Ask Bid Par share 12.44 3.74 -* Administered Fund 2d lnc Stocks and Bonds Ask Bid Par and income and defaulted bonds possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as StockB and Bonds marked *'f' bond prices are "and interest" except where NOTICE—All 76 * * 80c 90c 41 46 $4 cum 2d preferred * Super Corp of Amer class A.-.2 3.57 3.49 3.80 Ser I es K-2 14.43 10.84 12.04 Class A A 1 2.41 Commonwealth Secure common 60c 75c Series S-2 14.25 2 3.75 Preferred Consolidated Invest Trust com. 1 19M 25M 21 12.77 15.77 14.16 Class B Series S-4 Class O 6.79 Series S-3 4.89 5.47 * X 3 --3 1 Debenture 3 Ms 1951 Commonwealth Investment 1 27 Larkins Continental Secur Corp— 5% f May 1 1942- Debenture 5s Continental 1 100 ' preferred 102 X 5 t 101X series A 1942-A 4% 2.37 2.29 5.53 6.11 Massachusetts Investors Trust--1 20.98 22.56 Mutual Investment Trust 11.26 National 12.30 14 10 25 100 115 Forster lnc com ♦8% preferred ♦Crum & Forsier Insursh B 10 100 in* ♦ ♦7% cum preferred 27 33M 13 X 92 Bond & Invest com.. 5% preferred ser A w w Nat Bond & Share Corp National Investors Nat Repubiic Invest 1 16.03 Delaware Fund Deposited Bank Shs N Y ser A. Deposited Insur Shs ser A 1 1 Series B 21X 5.72 6.09 17.32 2.91 2.61 3.41 Co—2i 1.47 13.84 1.32 Voting shares New England IX 6% 6M Nat Trust Shares Unmodified Nation Wide Securities 12.84 Fund.- 5c Diversified Trustee Shares O shares D shares Dividend Shares ---1 2.50 25c 5.65 6.35 1.28 1.39 Domestic & Foreignln5Ms47F&A f Dominion-Scottish Invests Ltd— 94 Eaton & ♦ x 96 * *57M&N - - - 17.54 New York 10c 18.84 101 Quotations not furnished by sponsor or issuer, 5.22 5.67 9". 7 8 10.57 8.25 7.62 stocks. * No par value. « 8.87 8.20 Building supplies Electrical equipment 7.74 8.38 10.10 — J Called April 1 at 101X Ex-dividend. 8.01 7.40 Insurance 85 5s conv % W" • e 108 J&J 1953 deb Trusteed Amer Bank Shares B 25c 56c Trusteed Industry Shares 25c Trustee N Y Bank Shares—j:60c 93c Class D «. tm 1.15 2.49 1 Trustee Stand Invest ser O 2.43 «.««■«••• 5.64 5.32 : Series B 2 1946 M&S United N Y Bank Shares C3-. deb 5s U S Elec Light & Pow tr Trust ctfs series B— 14 X 2.02 ctf A. : 97c SH Foreign Securities com..* 82 $6 1st preferred U. S. & International Sec 1st pref with % warrants $5.50 priority stock Utility & Industrial Corp Convertible preferred Wellington Fund Western Reserve Investing Deb 5 Ms 1944.. Bankshares Wisconsin Ex-coupons. 99 1M Voting shares U S & 4 97 Union Investment common..-. Utility Equities Corp Stocks, Inc.— Aviation Bank 30 Howard Management Fund A-l Economic Inv Tr Ltd 5sA preferred 2d preferred Agricultural Automobile 22 1st coll 4s series A 1952—J&J Eas Util Invest Ueb5sl954 M&S 16 10c 1st 3.70 3% Tri-Gontinental Corp 6% cum preferred Conv Trust— 1 1.42 6.79 9.92 27 .1 Investors. Trustee Standard Oil shares A—1 100 20% 4.77 Cumulative Trust Shares--- National .... Warrants 2.76 (modified) ♦Crum & S f coll 4Ms 24 % 24 % 1 (Bait) 2.76 series (modified) AGO Corporation Manufacturers Finance 2.29 - - Accumulative 8M 25 f Lehman 7M X Class D Supervised Shares Third Lawyers Mtge Inv (Boston)- 19 Shares ♦0% preferred 100 Corp Secure 5% ctfs 1935.-M&S Corporate Trust shares old ser. AA 16 Warr Trust / Flat price, 60 X * 5 * 5 —7 i* 13-49 F&A 101 • k Last sale, 4% n Nominal. 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 Electric Co (Italy)— Extlsf 7s 1952 _A&0 Ala Gas Co 1st M 43*8 1951.F&A 59 98 103 H 99 90 Atlantic City Sewerage— 1st s f 6s ser A 1956 103 4 95 75 72 69 96 F&A / M&N f M&S / Amer & Foreign Power Co— Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934. J&J / Amer G & E deb 5s 2028-—M&N 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 Amer Rys —_ 4K 16 50 51 .K 11 1085* If4 87 }* 57 3* 41 88 3* 59 84 J&D 5 Telep & Teleg— Deb 5J*s Nov 1 1943....M&N 25-year deb 33*s 1961 A&O 1113* 2d 107}* 30-year deb 3 3*s 1966 1065* 107 1025* 5s 103}* J&D American Toll Bridge— 5 }*s series D, 1945 F&A Amer Utll Service 6s 1964--M&N Amer Water Works & Electric— Deb 6s 1975 ser A M&N Deb 5s 1975 ser B J&D Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A Androscoggin W Pow 6s *45-F&A / —— 74 76 103 1043* 953* 94 Arizona Ed 1st 5s 1st 6s 1945 Income 5s 1960 Income 6s 1960 1948 J&J A&O J&J A&O Arizona Power 5s 1950 F&A let & ref 4 3ns 1950 F&A Ark Louisiana Gas 4s 1951.-J&J 41 40 108 3* 106 y2 108}* 107 3* 120 123 94 H 98 95 K 49 K 50 5 Ik 1033* 102 K Ark West Gas 1st 5s w w '39 J&J Ash I'd Home Tel 4 Ha A 1961 A&O 96}* 103 3* 100 Ashtabula Wat W'ks 5s 1958.A&0 102 K 102 1953J&J J&J Associated Gas & Elec Co— Conv deb 5 Ks 1977 F&A Conv deb 5s 1965 M&N Conv deb 5s 1950. F&A Conv deb 4 3*s 1949 J&J Conv deb 4 Ha 1948 M&S Cons ref deb 5s 1968 A&O Cons ref deb 4 Ha 1958—.M&N 8 fine deb5 3*s A 1983—F&A S fine deb 5a B 1983 M&S 8 fine deb 4 Ha C 1983—-M&S S f inc deb 4s D 1983 M&S S f inc deb 5 H-6 Ha A 1986 F&A S f inc deb 5-6s B 1986—-M&S S f inc deb 4 H-5 Ha O '86.M&N S f inc deb 4-5s D 1986---M&S Conv A 5s 2002 Conv A 6s 2002 Conv A 7s 2002 Associated Gas & 8-year 8% ww ser Bergen Turnpike 5s 1951 Berkshire Street Ry— 30 25 18 25 Deb 6s Apr 1, 1955 __A&0 Berlin Elec Elev & Underg Rys— 1st mtge s f OKa 1956 A&O Biddeford & Saco Water— 4s series C 1956 Birmingham Elec 4Ka 1968.M&S Birmingham Gas 1st 5s '59.M&N 6% notes extended 1938--A&O Birmingham Water Works Co— 1st m 5Ka 1954 ser A A&O 1st 5s 1954 m ser B J&D 1st mtge 5s 1957 ser C F&A Blackstone Val Gas & Elec— M & coll tr 4s ser C *65 M&N Mtge&Colltr 3}*sser D'68 J&D St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940 M&N Bolivian Power 8s ser A '45.A&O Boston Elevated Ry— 30 313* 29 K 30 29 32 30 3* 28 K 31K Extl 1st 32 K 30 29 33 27 30 25 28 23 29 32 27 30 25 3* 24 28 K OK OK OK ~7K s f 6s 1953 M&N / Bridgeport Gas Lt 4s 1952. _J&J. Brith Colura Pow 4 3*8 1960 M&S! British Colum Tel 5s I960-- J&D - _ 1st 4hs series B 1961 J&D Broad River Power Co— 1st & ref 5s 1954 ser A....M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967. F&A Bklyn City RR 1st 5s 1941---J&J Brooklyn Edison Co— Consol mtge 3 3*s 1966-. _M&N Bklyn-Manhattan Transit Corp Coll trust 4Kb 1966 M&N 7K 7K 54 57 33 34 A&O 30 M&N M&S 28 303* 283* 283* 27 33*s 1943—M&N Coll trust ser 33*s 1944. _M&N Coll trust ser 33*s 1945— M&N Coll trust ser 33*s 1946—M&N Coll trust ser 33*s 1947.-M&N Coll trust ser 33*s 1948—M&N Coll trust ser 33*s 1949.-M&N Coll trust ser 33*s 1950.-M&N Coll trust series 3 3*s 1951-M&N Brooklyn City & Newtown RR— ser 5s 70 48" 69}* 703* 55 60 1063* 74 1073* 75 34 34 ..M&S 34 34 Jan. 9 at 112 109 3* 97 94" 92 Central Elec of N J 5s 1940--J&J Cent El & Tel 1st 5s ser A *55 J&J Central Gas & Elec 6s 1946-M&S 1033* 1st & ref 5s 1941 1st & ref 3}*s 1965 1063* 1093* 16 116 118 983* 107K 106 K 107 x 99 K 1939 J&J 34 104 86 105 48 55 108 109 73 3* 73 }* 99 s* 70 69 69 3* 68 70 y2 66}* 68 67 K 69 j* 68 19 69 68 70 K 69 3* 35 73 103 Buff & 107 K 103 104 6 Basis. 40 65 38H, 84 80 31 108 1043* 97 101 3s deb B 1943-19473 }*s deb C 1948-1952 Niag Falls El L 112 763* 112}* 108 3* J&D 100J* J&D 101 73 5* l'085* 1095* F&A J&D 1033* 104 1105* 98 J* 1968--J&D 33*% ser debs 1939-1943--J&D 61.50 to 4% serial debs 1944-1948..J&D 63.50 to Cent Indiana Gas 5s 1957 M&S Central Indiana Power Co— 1st & ref 6s 1947 ser 89 J&J A 96}* Central Kansas Pr 6s 1946.-M&S 101 103 1st s Lt & 107 1013* Pow -J&J f 6s 1940—, Central N Y Power Corp— Gen mtge 35*s 1962 30 A&O 1073* 1025* 100 83 995* Conv deb 53*s '49 F&A / Cent Public Util.(ws)inc5 3*s-1952 / Central States Edison, Inc— 1st coll inc 3-5s 19&0 M&S /. 13* 13* 2 643* 68 Central States Elec Corp— Conv deb 5s 1948 J&J 36 38 M&S 15 36 37 Cent States Pow & 15* Lt Corp— 1st M & 1st lien 53*s 1953-J&J 56 Debenture 5s 1944 J&J 363* Cent States Utilities 6s 1938-J&J / 1 Cent Telep (Del) 6s 1938 M&N / 133* Cent Vermont Public Serv Corp 1st mtge 3}*s ser B 1966--F&A 1035* Charleston Cons Ry Gas & El Consol gold 5s 1999 M&S 100 Charleston Transit Co— 1st 5s 1942 565* - - - 3 M&S 74 Gen & adj 5s 1952 M&S / 45 M&S 74 Chattanooga Ry & Light— 1 st & ref g 5s 1956 op *16. M&N Chatt Rys 1st cons 5s '56-M&N 89 92 68 72 50"' Chester Water Service Co— 1st 4J*s 1958 series A Chic Aurora & Elgin RR— 1st & ref 6s 1951 M&S 1043* 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 35* 33* 73* CO 513* Chic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J / 1st & ref 6s 1955 ser A J&J / 1st & ref 5}*s 1956. A&O Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and pay Aug 1, 1938—F&A / Certificates of deposit / Cons M 5s ser A Fen '27.-A&O / Series B Feb. 1927 .J&D f Chicago Rapid Transit Co— 1st & ref 6}*s 1944 J&J / Certificates of deposit / 1st & ref 6s 1953 ser A J&J 53 23* 1 3 2 13* •— 51 51 53 - — — - 93* 85* 4 45* 6 3* 63* 6 5* 6 5* 6 65* 65* 13* Certificates of deposit 6 Adjust deb 6s July, 1963.-J&J / 3* Certificate of deposit / K Chicago & West Towns Rys— 1st cum inc 5s 1937 J&J f 0 Chippewa Power 6s 19*7 106 J&D 13* 63* 107 Cincinnati Gas & Electric— 1st mtge 3 }*s 1966 F&A 1st mtge 3 H3 1967 J&D Cin Newport & Cov L & T— 1st ref 6s 1947 series A J&J 1st 6s 1955 118 103 8* 1023* n . 1st mtge 33*s ser A 110 k Last sale, — 725* 20 M&S 1st & ref 6s 1952 Cent Illinois Light 33*s '66.-A&O Central Illinois Public Service— & Power— /This price includes accrued interest, — 79 Cent Ills Elec & Gas Co— Cincinnati Street Ry— 1st m 5Hs ser A 1952 100 J&D 1st gold 5s 1942 F&A Buffalo Traction— See International Ry Burlington (Vt) G L 5s 1955--J&J Butler Water 5s 1957 A A&O — 78 / 673* 673* 673* J&D Buffalo Niagara Electric— Gen & ref M 3 3*s ser O '67-J&D 2s deb A 1939-1942 .J&D 19 94 1013* Coll trust 5s notes 1942 83 Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J 35 1st con 5s July *41 (stp)._M&N / 34 3* Bklyn Un Elev 5s 1950 F&A' 80}* Kings Co El 1st 4s 1949...F&A 76 Nassau Elec 1st g 4s 1951—J&J 29 3* Bklyn Un Elev—See BklynQueens Bklyn Un Gas 1st cons5sg'45M&N 107 3* 1st lien & ref 6s *47 ser A. _M&N 104}* 1st I ien & ref 5s ser B 1957 M&N 96 3* Deb 5s 1950-.- 87 92 101 First lien coll tr 53*s '46.-J&D Central German Pow 6s "34-J&D / Cent Hud Gas & Elec Corp— Deb 53*s 1954 Buff Gen Elec 1st ref 5s 1939. J&J Gen & ref 4 Hs 1981 F&A 34 104. 1153* 85 Cent Pow 1st 5s 1957, ser D.J&J Cent Pow & Lt 1st 5s 1956.-F&A Cent Pub Serv Corp— 105 105 Butte El & P 1st s f 5s 1951--J&D 115 Cairo Bridge 1st inc 6 3*s '58_ J&J f 53 Calgary Power 1st 5s I960..A&O 103 1st sf 5s 1964 J&D 101}* Called 100 3* 1143* ' Certificates of deposit Conv deb 53*s 1944 ser O.M&N * 100 Cent Ohio L & P 1st 5s 1950. A&O Conv sec 4 }*s 1940 J&D 104 K 100 K Brandenburg (Germany) El Pr— F&A M&S 80 109 3* 122 M&S M&S M&S 1955 75 West End St 5s 1944 7s Sept 1947 573* J&J 89 723* 413* 39 Carolina P & L 1st 5s 1956. _A&0 Cedar Rap Mfg & P 5s '53...J&J Cent Ark Pub Serv Corp— 1st & coll tr 5s 1948 ser A__F&A Cent Mexico 88 54 885* 102 104 1st & gen M 3 Ka ser H '66.F& A 106 H 109 3* 49 K 613* 5s 1950 20 101K 111}* 1083* 64 875* 1003* Cent Maine Pr 5s *39 op '19.M&N 1st & gen 4s ser G 1960 A&O Bleecker 68 Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D / F&A 56 Athens (Ga) Ry & Electric— 75 20 60 A&O 104 20 66 notes 1933 Certificates of deposit 103 3* 70 38 J&D Certificates of deposit. 1175* 33 J&D 2-yr 6% 122 1173* 1303* J&J Coll trust Certificates of deposit 110 126 J&D 1947 101 M&S / 6Ka 1951 1st & ref 5s 1951 A&O C 97 Associated Telep & Teleg Co— Deb 5}*s 1955 ser A M&N Assoc Telep Util deb 5s 1942A&0 Gen mtge 4Kb ref 5s 1960 97 Income deb 4s 1961 M&N Associated Pub Utilities Corp— 1st lien 58 1947 ser A J&J Deb 6s series A 1958 M&N Associated Telep Co Ltd— 1st M 4s series B 1965 J&J s f g 1st & 1043* 123 Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 A&O 95 Assoc General Utilities— Income debs w w 5s 1956-M&N 98 1095* 1205* J&D 95 Income dob 4s 1978 Income deb33*s 1978 Income deb 3V*s 1978 1st & ref M&S Coll trust 3s 1939 M&N Coll trust 3s 1940 M&N Coll trust 3s 1941 _M&N Coll tr series 3 3*s 1942.__M&N Conv deb 4s 1973 Income dob 43*s 1978 Conv deb 6s 1941 1st g 5s 1955 serrA 1st g 5s 1957 ser B _M&S M&S _F&A 1940 8s ex-warrants 1940 Conv deb 5}*s 1973 Conv deb 5s 1973 Conv deb 4Hs 1973 993* 3 Deb g 4Kb Nov 1, 1941—M&N Deb g 5s Dec 1942 _J&D 48 K 53 Q-F Q-M Q-F Elec Corp— 1053* 983* 973* 1st mtge 5s 1960 ser C M&N Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B J&J Term 103 J&J M&S Canadian West Telep 5}*s '56J&J Cape & Vine'd El 4s A '65. _-J&J Capital Traction (Wash, D C)— 1st g 5s June 1, 1947 J&D 83 1023* Canadian L & P 5s '49 op *14 Canadian Rail & Harbor— Canadian Utilities Ltd— 1st mtge 5s ser A 1955 843* Beaver Valley Water 5s '60-M&N Bell Telephone of Canada— 53 95 3* 103 Elect 43*s 6s Jan 1 1961 26 104 44 37 103 K Assoc 25 Berlin City Elect 6Ka 1951—J&D Sink fund deb 6Ka 1959--F&A 69 K 103 M Arkansas & Missouri Power Corp 5s series A 1957 _J&J Arkansas P & L 1st 5s 1956-A&O 24 Beauharnois Power— 1st extend 6s Appalachian Elec Power— F&A 23 1103* _J&J 1978 1035* M&S Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s '53.M&N 15 90 J&J 1978— notes \ —M&N 63.00% 1939-1946 105 10 Collateral s f 5s 1973----.A&O Beaver Valley Trac 5s 1950.A&O Androscoggin & Kennebec Ry— M&S mtge 5s conv 2 3*-2 3*-3 }*-33*-4-4J* % Calif Water & Telephone— 1st mtge 5s 1965 Calumet Beauharnois Lt Heat & Pow— 112 107 1st mtge 4s 1963 108 Serial notes 104 Calumet G & E 5}*s B 1960-J&J & South Chicago Ry— 1st (35% prin paid) 1927 F&A / 54 Camden & Rockland Water— 103 1st 4 }*s 1960 A&O A&O 1043* A&O / 60 1953 94 105 1003* (W S) deb 6s 1942. -A&O Hud Riv Bdge Co— S f income 8s 47 M&N S f deb 43*s 1948 F&A Appalachian Power 6s 2024--J&J Ardmore St Ry—See Phila Co 1053* 100 J&J / J&J / J&J 1st 7s 1953 109 Amer . Bear Mt 13 1st 1 5 Ka 1948 1st 6s 1940 78 Bangor Gas Light 5s 1941—A&O Bangor Hydro Electric— 1st mtge 33*s 1966 J&J Barstow , Amer States Public Serv— , ser Deb 5s series B 1975 45 A 79 75 102 Atlantic Co Wat 5s *58 Deb 5s series A 1975 Corp coll 4 Ka *53. A&O Debenture 43*s 1963 A&O ser 773* Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941 —A&O Avalon Telep Ltd 4 Ha '58--A&O Baltimore County Water & Elec 1st 5s 1946 M&N Deb 4s series A 1975 14 / 1938. 105 J&J 106 973* A&O 1st mtge 4s 1966 A&O Calif Water Serv 4s B 1961-M&N t J&D A M&S 3* 3* 3* 5 Ms Certificates of deposit 1953 / Amer Elec Pow deb 6s *57 M&S 15 6s * OO Bid Bonds California-Oregon Power— Deb gold 53*s 1942 Baltimore Transit Co— Community Power— Deb Ask J&J J&J Atlantic City Gas 5s 1960 1st lien & ref 5s 1957 100 _ 1940 r-Hi 97}* 84 K Commonwealths Power— Conv deb 6s r-i 6 Ka 1942—F&A Atl Beach Bridge Atlantic City Electric— Gen mtge 3}*s 1964 89 3* Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Amarillo Gas 6s 1939 Deb g 6s 1952 ser A. Deb g 53*s 1953 Atlanta Nor Ry—See Ga Ry & El Ulanta Wat El & Pr 5s 1943 J&J 96 H 84 Alliance Power 1 st 6s 1952 M&S / Alliance Pub Ser(Ohio)5s '57 M&S Am 95 J* 1025* Allegheny Gas Corp 63*s ctfs *43 / Amer 65 Q4 Alabama Power 1st 5s 1946-M&S 1st & ref 5s 1951 J&J 1st & ref 5s 1956 M&N 1st & ref 43*s 1967 __J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A J&J Bid Bonds Ask Adriatic Nominal. ser B A&O A&O 1095* 1103* ,110 84 86 70 723* 73 PUBLIC 74 BONDS UTILITY bond pricas are "and interest" except where marked **f" and Income and defaulted bonds Quotations for all aecuritiea are as near as possible for the closing day of the month preceding the date of Issue NOTICE—All Bonds Bid Ask Cities Serv deb 5s Jan 1966-M&8 Deb g 5s Apr 1958 A&O 73 78 Oonsum's Water 1st 6s A '46 M&N Deb 5 Ms series A 1970 A&O M&N 69 M&S J&D 71 Is Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s *40- J&D / Continental Telep 5s 1953.-F&A Deb g 5s 1963 Deb 5s 1969 Oonvdeb 5s 1950 Cities Service Gas Co— 71M 5 Ms 1942-M&N e 101.9 Cities Service Gas Pipe Line Co— 1st M 6s 1943 J&J dl02.10 Cities Service Power & Light— 77 Deb 5Ms 1952 M&N 1st M pipe line Deb 77 J&D 5%s 1949--. Citizens Independent Telephone 103 1st mtge s f 4 %s ser A '61--J&J Citizens Utilities Co— 33 Income notes 3s 1955 F&A / 60 1st coll 4-5 Ms 1948 A&O Citizens Water (Scottdale)— 1st 5s series A 1953 J&J Citizens Water (Washington, Pal J&J J&J M 1st 110% 101 Power 4Mb & 1971 106% 40 Light Co J&J 105 107 M 52 97 H 98 106 105 % 4M 4M 92 M :::: 110% 107 % 109 M 108 M H HO O 112 % 117 113 ser F 1965. A&O International 108M 109 Bridge— F&A 8M 8M F&A 25 M 5 114% 41 15 78 103 M 104M 76M 100% Community Pub Ser 5s 1960-J&J / 8 Community Teleph 5s Jan 1 1949 Community Water Service Co— 78 100 M Com'w'lth Tel(Wis)4sserA 1M&S Community Power & Light Co— Col M 5s 1957 M&S 63 J&D IX Certificates of deposit Det & Pt Huron Shore Line— J&J 1 Dom Elec Pow 5Ms 1955 M&S Dominion Gas & El 6 Ms '45. J&J Dortmund Munlc Util (Germany) 89 |lH 40 83 Corp— 6sctfs. 1945 1st conv M&S15 / 10 Duquesne Light—See Phlla Co 69 Duquesne Nat Gas 7s 1948—J&J Duquesne Trac—See Phila Co 102" Durham Pub Ser 7s A '49—A&O 101 Durham Trac 1st 5s 1941 M&S 62 East Coast Pub Serv 4s 1948 F&A 102 East Jersey St Ry 5s 1944—M&N 97 E. Kootenay Pow 1st 7s '42_A&Oj 16 East Prussian Pow 6s '53 J&D / 1st 10 Eastern Iowa Pow6Ms 1943-M&S Eastern Lt & Pow s f 5s 1964 M&N Eastern Mass Street Ry Co—■ 101 J&J 82 83 82 85 91 95 Ref 43 99 M 90 Eastern 108 M 108 M J&J / Adjt 6s due July 1958 A&O / Eastern Minn Pow 5 Ms 1951 M&S Eastern Oregon Light & Power— 5Ms series A 1951 M&S 126M 110M 108% 109M 100 x 128 M 85M 86 M Utilities 56 jx 64 M 100 95 M 105 102 m 104 106% Edison Sault Elec 4Ms, Easton Consol El 5s (N Y)—See N Y G 1961 A&O Electric Ferries 7s (w-s) "41-A&O Elec & Peoples. See Phila R T Electric Pow Corp (Germany)— 110M 111% 111% 101 , M&S/ 17 17 s f 6Ms 1950 74 74M See RivVPublic Serv Eliz Plainf & Cent J1 Co— Eliz & Eliz & 60 61 61% 62 M Raritan Trenton RR J Corp Elmira Water, Light & RR— 1st & con g 5s 1956 M&S 1st 24 M Consumers Power Co mtge 3 Ms 1967 M&N M&N M&N 1st mtge 3 Ms 1970 1st mtge 3 Ms 1966 M&N M&N 106 107% 108M 104 t Called April 26, 1939, at 105. n Nominal, x Called Feb. 1 at 108 % 107 M 108M 109 M 104 M b Basis, 109 103 M 104 M&S 99 M 100 107 M 109 101M 102 M _ 58 1950 ser A _ Empire District Elec Co— 1st & ref 1st mtge 3 Ms 1965. 1st mtge 3 Ms 1965 1st m 108 J&J El Paso El Co— m 5s 1952 Empire Gas & Electric Co— Gen & ref 6s ser A 1952. _J&D Empire Gas & Elec and Empire Coke jt 1st & ref 5s'41 opt.M&S d Called Feb. 28 at 102. I • 69% 91 92 96 M 97 M 97 96% 82 M A&O 98 68 1st s f 6s 1957 Galveston-Houston Elec 1st M s f g 5s 1954 opt M&S 85 100 75 98 2.00 1.25% 2.50 Equip trust 4Ms to 1941—F&A Equip trust 4 Ms to 1943--M&S Equip trust 4s to 1946 M&S Fullerton-Portsmouth Bridge— 1.75% 2.00% 2.70 60 Ry— A&O / 86 A&O Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 Gary Electric & Gas Co— 97 1st lien coll 5s x-w 1944 95 J&J 5s with warrants 1944--J&J 98 27 Gary Rys Co 6 Ms ser A 1945 F&A 23 Gary Street Ry 1st 5s 1937—A&O Gas Co of New Mex 6 Ms '44 M&S 93 Gas & El of Bergen Co 5s '49. J&D 120% Gen 5s No vl, 1954. 124 M&N Gatineau Pow 1st 5s 1956 J&D 104% S f debenture 5s 1949 102 J&D General Gas & Electric Corp— Scrip 4s due 1942 / 30 General Public Service Corp— Conv deb 5s 1953 J&J 94 Conv deb 5Ms 1939 J&J 100M 96 100 29 26 105" 102% 45 96 101% General Public Utilities— 1st M coll tr 6 Ms ser A'56-A&0 1st mtge & coll 6Ms C'55_A&0 83 83M 85 General Water Wks & El Corp— 1st lien & col 5s 1943 ser A. J&D 88 88 M Georgetown Gas Lt 1st 5s'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 Cons St 5s 1939. -J&J Atlanta Northern Ry Co— 1st guar 5s 1954 op 1990-J&J Gesfurel 6s 1953 x w J&D Grand Rapids Gas L 5s '39-F&A Grand Rapids Ry 1st 7s '39.M&N Great Cons Elec Pow (Japan)— 1st M 7s 1944 F&A 1st & gen 6Ms 1950--J&J 118 104 97 M 85 106" 98 M 60 58 100 101 21 101 14 16 74 70 80 99 1st s f 4Ms 1956 M&S Great Lakes Utilities Co— 1st lien coll tr 5 Ms 1942.-M&N Northern 100 72 F&A Power 108M M&S 1st & ref 4 Ms 1953 Mountain 58 56 Power— 1st 5s stamped 1950 Green Bay & Miss Canal— 109 % 103 M Corp— F&A. x 102 101M J&D * J&D b95%to 4 Ms notes 1940-1953 Greenwich Wat & Gas System— A&O Col tr 5s 1952 series B A&O Guilford-Chester Water5s '39 J&J Gulf Coast Water 1st 5s '48.F&A Gulf Power 1st 5s 1968 A&O 99 M 99 Col tr 5s 1952 series A Gulf Public Service Co— 101M 104 102 M 100 55 M 57 M 104 104% _ 100 101 107 X 108 107M A&O 1st mtge 6s 1945 1966—A&O O 1966 (new)-A&O 10-year 4 Ms deb 1946——A&O Wat 4s'52 op'12 J&J 105 105% 105% 106 Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935—M&N / 10 Hamburg (Germany) Elev Undergound & St Rys 5Ms'38.-J&Df 18 Hamilton Gas 6 Ms Aw w '37 J&D / 43 Harrisburg Gas 5s 1970—M&N 108 Havana Elec Ry 5s 1952—F&A/ 38% 5Ms (Sept'31 coupon)*51-M&S/ % Hempstead & Oyster Bay— * Water 6% July 1 serially 97 Hest Man & Fair Pass Ry—See P hil R Home Tel & Tel (Ft Wayne)— 1st 6s series A 1943 -J&J 104% 1st 5Ms series B 1955 A&O 103 M Hoosac Valley Street Ry— 1st ext 6s June 1 1947—-M&S Houston Elec 1st 6s B 1950-J^cD Houston Gas Secure 5s Houston Gulf Called Feb. 28 at 101. 1952. M&S Gas—^ 1st M & col 6s 1943 ser Deb 6 Ms 102. 69% 40 21 46 40 X . „ 95 83% 6s 1954 J&J Fontana Un Wat 6s 1935—J&J Fruit Growers' Express— Hackensack 99 M 95 1st sink fund 6Ms 1953._A&0/ Electric P & L Deb 5s 2030-F&A 1st 9 7 82% 1st M & ref 4s ser O Edison El 111 106 45 Telep 1st 6s 1945 25 1st & ref 4s 110% 102 127 / 101M 102 M 98 M Gulf States Utilities Co— 99 Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1. *65.J&J 126 Gas 63 105% 106% t4 Consol Gas Elec Lt & P (Balt)Ref mtge s f 3 Ms 1971--.J& 1% 118 46 43 M 101% . 52 1949 —M&N Economy Lt & Pr (111) 5s '56-J&D 46 90 M 2d 1st mtge 5s 1948 1st & ref M 3%s 1963 103 5 Ms 1947 ser A M&S 1st M & 1st lien 5s 1955 B M&S 45 102M _ 18" 100 95 101 Pass Ry 5s Mayl 1942-.J&J Federal Water Service Corp— Oonvdeb 5 Ms 1954 M&N Federated Utilities Inc— 1st lien col tr 5 Ms 1957—M&S Florida Power Corp— Green Michigan Rys— 5s series B 1953 —J&J Eastern Shore Pub Service Co—• Consol Electric & Gas— F&A 100 1st mtge colltr 7s 1958 1st ser) 1942—M&S Fed'l Pow & Lt 6s Nov 1,1965 Federal St & Pleasant Valley Great Ref m 5s 1948 B. ——J&J Ref 6s Jan 1948 ser C..M&S 15 Ref 6s series D Jan 1 1948.A&O Ref 6s series E Jan 1 1948-A&O 45 4Ms 1948 A 112 20-year 3 Ms debs 1958... 19 65 68 m (Internat Stamped M&S 1st lien g 6s 1942 stpd...M&S Debenture 6s 1954 ser B J&D 54 Great Lakes Power Ltd— 110 % 107 M 105M 106 % 105 M 105% 64 M "64 % & coll tr 4s A 1956.M&S m 1st & ref M 3 Ms ser F '66-M&S 1st & ref M 3 Mb ser G *66-J&D 25-year deb 3 Ms 1956—-M&S Connecticut Power— 1st & Coll trust 5s 1956 J&J Conn Ry & Lt 4Ms 1951—J&J F&A 71 103 103 Gas & Fuel Assoc— Eastern 132 M Stamped guaranteed opt.-J&J 88 Gas 130M Connellsv Wat 5s Oct 2 '39.A&0 Consolidated Cities L P & Tr— 1st lien 5s 1962 stamped.-J&J Consol Edison Co of N Y— Debenture 3 Ms 1946 A&O Debenture 3 Ms 1948 A&O Debenture 3Ms 1956 A&O 17 20 A__M&N 107 M 93 93 92 20-yr s f 6Ms 1948 A&O / Duluth-Superior Transit— 1st 5s 1953 ws M&S 63 M&S Conestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s '48 J&J Connecticut Light & Power— 8M 8M X Dhquesne 24 Non-cum inc deb 6s (x s) 1948- / Commonwealth Pi?ht & Power— Ref & unif 7s 1962 J&J / Com'w'lth Tel (Pa) 5Ms '45 M&N 1UM '66M&S Dumbarton B'ge 6Ms to '49.J&J 109% 110 X Consol 4% 4% 94 M 112 M 105 110 J&J 114 Com'w'lth El 5s June 1 '43-M&S Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948- / 37 Collateral 6s 1957 19 47 M 47 M M&N Certificates of deposit s f deb 6 Ms 1948. --M&N Certificates of deposit 1st 5s. 1966 M&N Detroit Edison 1st gold 58 1950 J&J Ar61 86 18 8 f deb g 7s 1952. Conv deb 3 Ms (interest from Conn Riv Pow 3 Ms ser 107" 84 Conv Detroit 3 110% 1st M 3Ms ser H 1965...A&0 ser 109 107 M&N 1st mtge s f 6Ms 1952 Certificates of deposit 106 1st mtge 3 Ms ser I 1968--J&D Conv debenture 3 M« 1958-J&J f 7s '51 55 Gen & ref 4Ms 1961 ser D_F&A Commonwealth-Edison Co—1st M 4s 1981 ser F M&S s 105% 108% Stamped as to Pa tax Denver Tramway Corp— Gen & ref M 3 Ms ser G 1st 5s 1st mtge 4s series O 1966—J&D Sinking unCt debs 5s 1946-J&D Florida Pow & Lt 1st 5s '54--J&J Florida Public Service Co— 1st 4s series O 1955 J&J Gen & ref M 4s 99 35 Equit G & E Utica 5s 1942.A&O 110 Erie Co Electric 6s 1959 J&J 130 Erie Rys—1st 6s 1954 A&O / 16 Erie Ltg 1st rn 5s 1967 A&O 108 Erie & Suburban Ry 5s 1941 A&O / 12 Fall River El Lt 3Ms 1968—M&N 104M Federal Light & Traction— 1st 5s (Amer series) 1942.M&S 100M Florida 104 M Gen & ref 5s 1950 ser A J&J Des Moines Ry 1st inc 5s Jan 1 '55 Detroit & Canada Tunnel— 100 1st & ref 68 1947 ser A J&D 1st & ref 5s 1954 ser B M&N Columbus Ry Pow & Light— 1st mtge & colltr 4s 1965.M&N 1st & ref 63 38M 1st mtge g 4Mb 1969 J&J 1st mtge g 4 Mb 1969 J&J Delaware Vail Util 6s 1952.M&N DenvGas & El 1st g 5s '49.-M&N 102 106 A&O / (Ga) Elec & Power— Deb g 6s 1946 ser A Deb g 5Ms 1946 ser B 105 —F&A 1st mtge s f 6s 1953 6 Ms stamped 1953 Sept 30 1938) 1958 3 Ms 1939 issue 1958- 109 M 61 Delaware 109 M 40 37 105 % 101 Delaware Electric Power Co— Deb 5Ms 1959 J&J 37 -Deb 5s Jan 15, 1961 J&J 15 Columbia River Longview Bridge Columbus 104 M 30 Ask Bid _ J&J 1st & ref 5s 1951 109 l66" Darby Med & Ches Ry—See Phlla R Tran 102 Dawson Ry & Coal 5s 1951—J&J Dayton Power & Light— 1st & ref M 3 Ms 1960 109M A&O 97 Cleveland Elec Ilium— 109 M Gen mtge 3%s July 1, '65.J&J 100 Cleveland Ry 1st 5s A 1945.M&S Cleve Southw Ry & Light— 1 Gen & con 5s 1954 M&S / Coast Cos Gas & Elec— 1st s f 48 series B 1965 M&S Colonial Util 5 Ms 1958 J&D Colorado Cent Pow 5 Ms '46-J&D Colorado Power 1st 5s '53.-M&N Colo Utilities 1st 5 Ms 1958.M&S Columbia Gas & Elec Corp— Deb g 5s 1952 M&N Deb g 5s 1952 A&O 15 47 98 M Danville Tr & Pow 1st 5s '41-J&J 45 « 8 93 M Danbury & Beth Gas 6s 1948 F&A 73 City Gas & Elec 1st 6Ms '51.J&J / City Light & Traction (Sedalia, 80 Mo) 1st s f 5s 1952 J&D City & Sub PS—See Un Rys of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 101 5s 1941 J&D City Water (Chattanooga)— 102 1st M 5s 1954 series B J&D 105M 1st M 5s 1957 series O M&N 88 70" Dallas Ry & Ter 1st 6s 1951 _J&J / 77 96" 44 Cumberland Co (Me) Pow & Lt— 1st mtge 3Ms 1966 A&O Cumberland Gas 6s w-s 1948M&N Cumberland Valley Telephone— 1st mtge 5s 1966 Dallas Power & Light— 1st mtge 3M« 1967 59 Bonds Ercole Marelli El Mfg Co (Italy) 1st s f 6Ms 1953 with war M&N 97 95 Cooper RivBri'ge inc 1st 6s'58M&N / 81 Copper Dlst Pow 4 Ms 1956--J&D 94 County Gas of Dallas 5s '46 A&O 105 County Gas (N J) 5s Jan 1 ,195267 Cuban Telep conv 5s 1951 J&J 1st lien & ref 7 Ms 1941.-M&S 102 Clarksbury-Columbus Short Route Bdge 6 Ms *52-J&D f Clear Springs Water Serv— 1st 5s ser A 1958 M&S 86 67 87 % 7 Orescent Public Service Co— Coll inc 6s B Oct 1 ,1954—J&D 77 M 77 M 62 103 6s series B 1951 102.16 34M 55 5Ms series A 1951 72 101.16 Ask Bid Bonds A . B_ A.A&O 1943 with war—A&O / This price includes 14 A 98M 100 M - — 103 M 101 accrued interest, 16 99M 101M 103 X 102 % k Last sale FEB., 1939] PUBLIC UTILITY BONDS 75 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 th° closing day of the month preceding the date of issue Bid Bonds Houston Light & Power 1st mtge 3 Ms 1960 J&D Houston Natural Gas Corp— 1st m 108 M 1953... Cons mtge 3s B Dec 102 1st 6s series A 1942 119% ) 105 105% 102 103 r 110% 110% Kansas Power & Light Co— 75 100 85 1st 112 64% 87 98 — *. 62% Keystone Telephone Co— 78 92% 52 — « - 106 . 53 1st ref 106% 53 ff 41% 42% 102% / f 78 37 64 64* 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 58 Deb gold 6s 1952 J&J 40% Interstate P S (Ark) 6s 1940 M&S / 10 Interstate Pub Serv Co— 1st & ref 6 Ms 1949 ser B—J&J 100% 1st & ref 5s 1956 ser D—..J&D 85 . , 77% Interstate Rys 4s 1943 ...F&A / % Interstate Telep Co— 1st M 5s 1961 103 A&O Interstate Tel & Tel 5 Ms 1953J&J 98% Investors Telephone 3s 1961 .J&J 56% Iowa Electric Co— J&J 4% notes to 1946 A&O Iowa El Lt & Pr 7s ser O '42.F&A 1st mtge 4s ser E 1955. J&D Iowa-Ill Telep 2-5Ms 1949—A&O / Iowa-Nebraska Lt & Power— \ 1st lien & ref 5s '57 ser A.-M&N * 91 63% 58% 41% 14 102 86% 79 105 100 58 98 106% 104% 91% 99% 100 109 1st & ref 98% '50.M&N 99 100 M&N 85 s f g_5s 1940 Called April 1 at 105. 109% 16 99 101% 108 M&S Louisv Ltg 5s '53 unstmpd-.A&O Louisville Ry— 2d 4Mb 1940. ...M&S General 5s 1950 F&A Ref & gen 6-4 Ms ser B 1966 J&.) Ref & gen 4s series C 1967. J&J Market Street El Pass Ry— —— 105 101 99 99 r 108 103 1st s f 7s 1940 ser A Q Jan Maryland Light & Power— 1st M 5%s 1950 ser A J&J Maysville P Serv 5 Ms A 1942A&O Memphis Power & Light Co— 1st & ref 5s 1948 ser A J&J 1st & ref 4%s 1978 ser O-.A&O Memphis Street Ry— 1st M 4%s 1968 ser D ser E 1st M 4s 1971 1st mtge 4s 98 89 93 94 90 94 32 35 9 13 60 A&O M&S 65 110% M&N 107 G 1965 109 108% M&N Metrop Edison Corp 6s '61 _M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 1st gold 4s 1938 F&A Exten gold 4s 1938 J&J Mexican El L 1st M g 5s '42.J&J ser 100 93 Ann April / Meridionale Electric Co— 1st s f 7s 1957 ser A 42 40% A&O 3-5s series A1945 3-5s series B 1945 109 87 8M 7% 7% 19 23 19 Mex Lt & Pow 1st 5s '40 s f__F&A Mexican Utilities 7s 1939 A&O Miami Bridge— 23 35 Income deb 6s (w-s) Mar 1952. / 51 Michigan Associated Telep Co— 1st mtge 4s ser A1968 M&N 105% Michigan Consolidated Gas— 1st mtge 4s 1963 M&S 4% notes 1939-1948 F&A Michigan Gas & Elec Co— 1st & ref 6s 1943 M&S 1st M 5s 1956 J&D Michigan Public Service Co— 1 st g 5s 1947 ser A A&O Middle States Util 6s A 1951 A&O Middle West'n Telep 6s '43.-J&J Middlesex Elec Lt Pow 5s '55 J&J Middlesex & Somerset Trac— 5s 1950... 106% 55 97% b 101% to 98% 97% 97 98% 92% 94 97 98 54 56% 84 124 .J&J 88 82 Middlesex Water 5%s 1957.A&0 Midland Util deb 6s 1938...M&S Milwaukee Gas Light Co— 107 31 32 M&S 99% 99% 1st mtge 4s 1950 J&D Minnesota Nor Pr jt 6s 1944 A&O Minnesota Power & Light Co— 104% 100% 105% 103% 100% 104% 100% Minneapolis Gas Light Co 1st & ref 5s 1955 1st & ref 4%s 1978 J&D M&N 1st & ref 5s 1955— M&S 100 J&D Mississippi River Pow 5s '51-J&J 100 100% 60 105 Deb 5s May 1. 1947 M&N Missouri Edison 1st 5Ms '47 J&D Missouri Gas & Elec Service 1st 4-5s 1956 —A&O 100 85 91% 108% 103% 85% 93% 109% Missouri Power & Light— 72 73 101% 1st mtge3%s 1966 J&D 90 93" 77 79 104% Missouri Public Service Co— 54 106% 107 40 1st s f 5s 1960 Missouri F&A 94% 95 79 82 ' 104% 106% 77% M&S 102% 78% Telephone— 4%s series O 1961 Missouri Val Pub Ser 6s '39 J&J Mobile Gas Service Corp— 8 A&O 87 1st cum inc 9s ser A '56.-A&O Income 7s 1956 A&O Mob Lt & RR Cons g 5s '41-M&S "72 1st 5s 1956 95 98 Mohawk Valley ref 6s 1991 M&N Debenture 6s 2031 A&O 96 4)9 Monmouth Cons Wat 5s '56. J&D 80 82 84 86 99 62 61 Monongahela Light & Pow Co Monongahela Valley Water 96 1st M 5s 1949 ....J&D 1st M 5%s 1950 series A..J&J 90 97" 118 105% 106 Monongahela West Penn Pub Ser 1st & gen mtge 4%s 1960.A&O 108 Debenture 6s 1965 A&O Mont Cities Gas 7s A 1937—M&N Montana-Dakota Power 102 Ext 1st 5%s-6%s 1944 Montana-Dakota Utilities 100% 120 99% 74 102 Dec. 27 J&J Conv deb 4%s 1946 A&O Montana Power—• 1st & ref mtge 3%s 1966.-J&D Montreal Isl Pow 5 Mb 1957 M&N Montreal Lt Ht & Pow Consol 3% conv deb 1939 / This price includes accrued interest, k Last sale, n J&J F&A J&J Nominal, r 90 101 102 107% 1st & colls f 3%s 1956 1st & coll 3Ms 1973 b Basis. 18 103% See Phila Rapid Transit Market St Ry (San Francisco) 1st M 5s 1957 Lowell Gas Light— 1st mtge 4Ms ser A 1966.M&S 101 Lower Austrian Hydro-Elec— lstsf g6Ms 1944. F&A fk 24 Lower St Lawrence Power— lstsf 5s ser A 1955 A&O 97 I Called Feb. 10 at 106%. ---. 78 78 Mississippi Power & Light— Louisville Gas & Elec Co (Ky)- 1st & ref M 3 Ms 1966 22 Mississippi Power Co— Pow & 87 A J&D Light Co— 1st mtge 5s 1957 J&D t 97% J&J Los Angeles Ry 5s 1938.-A&O New 5s 1950 New 5s 1948 Los Ang Trac 1st cons 5s '38. J&D 105 105 / Long Beach Gas 1st 5s '50 J&D Long Island Lighting— Secured g 6s 1945. J&J Conv deb g 5 Ms '52 ser A. A&O Long Island Water 5 Ms '55 M&N Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— „ M&S 97% 92 114" Louisiana 39" 99 45 90 Conv deb 5 Ms 1953 82 113% 106% 87 44 Lincoln Gas & Elec 5s 1941-.J&D Lincoln Pub Serv 5s 1939 J&J Lockhart Power 4 Ms 1955.-J&D Lombard Elec Co (Italy)— 1st extl 7s 1952 J&D Lone Star Gas 3 Ms debs '53 F&A 66% 60 40 — 84 J&D (Ky) Tel— 1st M 6s ww 1944 M&S Lexington Util 1st 5s 1952._F&A Lexington Wat PowColst5s'68J&J 83 33 J&D J&D 109% Lexington (Buffalo).J&D no F&A Lewtston Gas Lt 3 Ms C '56.A&0 Lexington Ry 1st 5s 1949—-J&D 52 J&D / 1st M 4 Ms 1967. Leipzig Overland Power— S f mtge 6 Ms 1946 ft 54 Internat Ry ref 5s '62 op.M&N 102% 1st extend 4s 1945 Ref & impt g 5s 1960 1st extend 5s 1945 48 45% 47% 101% 77 Lehigh Power Securities— Deb g 6s 2026 ser A Lehigh valley 'Transit— 101 J& J15 45 1 72" 1st mtge 3 Ms ser A 1966.-A&O Lancaster Co Ry & Lt 5s 1951 J&J 97 45 n* 5 30 Maritime Tel & Tel— 51 io" 7 Lake Sh Gas 1st 5Ms 1950..M&N Lake Superior Dist Pow— 100 Debentures 6s 1955 J&J International Power Sec Corp— 6% % sec bonds 1955 ser G J&D Sec 7s 1957 ser E _F&A 11 46 76 f 7s 1941 1952 A&O Maritime Electric 4 Ms 1956. A&O Gen s f 5%s 1956 A&O 80 2 90 75% 9 79% 48% / 1st 5s 1951. Debentures 6s 13 s mtge 4%* Mich Fuel & Lt 6s A 1950...J&D f 105 14% 14% 14% 5% 1% Conv deb 6s 1944 w w A&O Internatl Pow Ltd 6Ms 1957M&S Deb 6sl957 M&S loo" 104% 99 Kokomo Water Works— 1st 5s ser A 1958 53 87 98% 103% 6M? 1954 ingsh'way Bdge6%s 1962 100 13% 13% 5% 98 159 Purch money 6s Kings CoElev—See 100 95 96 102 100% 99% Keystone Pub Serv— 6 32 Marion-Reserve Power— 104 105% 88% 36 81 f 5 Ms '51 ser A J&J / f 5%s 1952 ser B..J&J / 103" Metropolitan Edison Co— 102 60 July 1 93% 102 100 58 ser 104% 98% 93% 93% 93 g* f J&J 102% 97% 17 Intercontinents Power Co— Debs A 6s 1948 J&D International Hydro-Elec System M&S 93 105 15 62 M&N 93 88 93 60 Iowa Pub Serv 1st 5s 1957.-J&D 30 t 106% 55 M&S f B...M&S 1958 M&S 9% 88 5MS *948 ser B 101% 60 F—M&S 8% 93 57% A&O m Kentucky Utilities Co— 1st M 6 Ms Sept '48 ser D ] 1st M 5%s 1955 ser F is 1st M 5s 1961 series G 92% 110% 106% 110 )/ Kentucky Power & Light Colst 5 Ms series A 1942 83 110% 106% 70 r )/ Ctfs indebt 2s 1958 101% 88% s M&S 30 34% 4 4 31% 29-. 17% Mannheim & Palatinate Elec Cos 1st 1st mtge 4Ms 1965—...I —entucky El Pr lstsf 6sl96i Kentucky Fuel Gas Corp— 1st 6Ms 1942 with warr_. Kentucky-Ohio Gas Co— 107% s 15-year I A&O / Ann O / 1st lien & colltr 5s 53 Manitoba Power Co Ltd— 1st M 87 An Oct 1941— ww 4 20 A&O Ms serA 1941 f 7s 1st M 27% 106 61% 60% 38% 1950 105" s _ 112 26% I 1st mtge 3 Mf ser A 1966 Kansas Gas & Electric— 100 f 6 s 2d income 4s 1963 Manhattan Ry con 4s g '90. A&O / Cent Hanover Bk ctfs of dep. / 2d gold 4s 2013 J&D / Manila Elec RR & Ltg Corp— Kansas Elec Power— 103% 60% Deb 6s 103 110 ( Kansas City Pub Service— 1st ref 4s series O 1957—, 106% 36 & ref 5 Ms 5 105% L 61 1st & ref g 5s '66 op tax-ex.J&J f Cei tificates of deposit f 1st 3 3 6% notes 1932 Certificates of deposit Conv g 7% note 1932 Certificates of deposit Iowa Southern Utilities— 1st & ref 5 Ms 1950 25% / . — 101 28 123 87 M Deb s f 7s 1935 J&D f Inland Telep 1st 6s 1948 A&O Inter borough Rapid Transit— 1968 1st mtge 5%b 1959 Debenture 6s 1960 if 104 80 Coll tr s f 6s 1941 ser B—.M&N f Coll tr 6s 1957 ser O A&O f L Deb 5s 31 1962 105% ) 98% 99% 1st 105% 105% 97% Indiana polls Water— 105 1st mtge 3 Ms 1966 .J&J Indianapolis w W Sec Co— 95 Secured 5s 1958 J&J Upland Gas 6 Ms 1938 F&A f 49 f 49 Certificates of deposit Sinking fund deb 7s 1938.F&A f 10 Inland Pow & L s f 6s '30 A.M&S f 13% r 1st 1 & ref 5s 1961 ser Iowa Pow & Lt 1st 4 Ms Hob & Pat—See P S Coi 105 3 ..J&J 92 102% Madison Rys 1st g 5s 1936..M&N / Manchester Terminal— 1st income 3-6s 1957 85% 3s serial notes 1939-1941 ..F&A 3 Ms serial notes 1942-1945 F&A 4s serial notes 1946-1948 F&A ► Jer City Johnstown Traction 4s Dec '31'( 102 M F&A A 1961 4% 97 1950.J&J 103 104 88 40 ) 1U% 102% 99% J&J 102 Macon Ry & Light 1st 5s '53-J&J 40 I 109 103 Gen 107 % Ask MacLaren-Que Pow 5Ms Febl'61 5%s series B 1964 M&S Macon Gas 1st mtge 4 %s *52. J&D 105 ) 102" 111 mrnwm ser / 38% 3% 39% J 122 95 Indiana Telep 5s A 1960 J&J Indianapolis Columbus & South¬ ern Traction 1st 6s 1948.-F&A 74 Indianapolis Gas 5s 1952 A&O f Indianapolis Power & Light— 107% 3%s 1st mtge 1968— F&A 1st 48 95 James River Bridge Corp— 103 101 Indiana & S W Gas & Util— 6% conv notes 1940 J&D 1st & ref 4Mb 1958 ser 92 / Bid 1st M s f 7s 1948 M&N f 16 Luzerne Co (Pa) Gas & Elec— 1st ref&lmp g 5s'48 op'13 A&O 108% 1st & ref 6s 1954 M&S 108 Debenture 7s 1944 J&J 109 104 101M Indiana Ry & Lt 1st 5s 1943.J&J Indiana Service Corp— Buff Trac 1st 5s 1948 40% I 102 120 1st & ref 5s 1955— M&S Indiana Pr 1st 7Ms '41 A .M&N International Railway 38% ) 103 Indiana Gas Utilities 5s 1946.J&J Indiana Hydro-Elec Power— 1st mtge 5s 1958 ser A M&N Indiana & Mich El 5s 1957.-F&A . 62% J 96 Indiana Electric Corp-— 1st M 6s 1947 series A—.M&N 1st M 6Ms 1953 series B...F&A 1st M 5s 1951 series O M&S F_ 61 Jacksonv (Fla) Gas— 99 1st mtge 4Mb ser B 1965 A&O Indiana Central Telep Qo— 1st lien coll 5Ms 1938 M&N / ser 3 , 101M 104 1st & ref 6s 1953 series A—A&O 1st & ref 5Ms 1954 ser B—J&D 1st & ref 5s 1956 ser O .J&D 8 f deb 5%s 1957 M&S Sec 7s 1952 49 25-yr s f 5Ms 1953 ser A_. Italian Superpower Corp— "Hrtk A,* 'CO 63 Illinois Commercial Telep-— 101 1st 5s series A 1948 M&S 100 1st mtge 5s 1960 ser B M&S 111 Community Tel 6s 1949..J&J 59 Illinois Northern Utilities Co— lst&ref5s 1957 opt __A&0 *105.21 Illinois Power & Light Corp— Illinois Water Service Qo— 1st mtge 5s 1952 series A Indiana Assoc Telegraph— Bonds Luneburg Pow L & W W (Germ'y) 46 103 M Idaho Power 1st 3 %s 1967—A&O Illinois Bell Tel 3 Ms B '70—A&O Indianapolis Ry 5s, 1967 Ask ) Island Gas & Electric— F&A 1st & ref M 5s Jan 1, 1st 1 & ref 5s 1963 109% 103 M 120 ' coll 6s '43 with warr.J&D Hydro Elec Power Commission (Ontario) 3 Ms 1943 J&J 4%s due Jan 1. 1970 J&J 3 Ms 1947 A&O 2 Ms 1942 A&O 3Ms Bid Bonds Hydro-Elec Co (Italy)— ; M&N 1st M sf 7s 1952 Isarco Hudson Co Gas 6s g 1949--M&N Hudson River Trac 5s 1950.M&S Hunt'g'n Wat 1st M 6s '54A M&S 1st M 5s 1954 ser B M&S 1st 5s ser O 1962 A&O Hydro El Bond & Sh 5s 1957M&N Hydro El Corp (Va) 5s 1958.J&D _ Ask 107% 108% 103% 100 101% 84 96% 104 50 104% 100% 97% 105 50% 105 101% Canadian price. BONDS UTILITY PUBLIC 76 "f" nnd income and defaulted bonas of the month preceding the date of issue All bond prices are "and interest" except where marked Quotations for all securities are as near as possible for the closing day NOTICE Montreal Tramways— 1st & ref g 5s 1941 opt—.J&J 96 % 75 95 M A_A&0 A&O Gen & ref s f 4 Ms '55 ser O A&O Gen & ref 5s 1955 ser D_A&0 Morgantown Water 5s 1965—J&J Gen & ref 5s 1955 series Gen & ref 5s 1955 ser B 79 1st & ref 5s 1938 1st M 6s 1938 series B Mountain States Tel & Tel— 17 19 94 85^ 97 _ 95 M 106 M 105M 105 M 30-yr 3 Ms debs 1968 J&D Muncie Wat Works 5s 1965.M&N Municipal Gas & El Corp of Deb 108M 108 5s series B 1947 Nat Lt & Pow 68 1949 79 78M North 90 J&D M&N A.F&A M&N 101 100 122 M 101M 101M '41 J&D Association Newcastle (City of) W 5s 56 M 55M 92 M 94 M 126 125M r 101 1st & ref 4 Ms B 1970 A&O 1st & ref 4Ms O 1981 M&S 4MB 1983 M&N N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 M&8 N J Pow & Lt 1st 4Ms *60—A&O New Jersey Water Co— 1st mtge 5s 1950 F&A New Mex Gas conv 5s 1951 M&N ...J&J Lake— lsts f5s 1943... ..J&J New Orleans City RR 5s'43 J&J New Orleans Pontchartrain Bdge 1st s f 7s 1946— M&S / New Orleans Pub Service Co— 1st & ref 5sl952 8eries A..A&O 1st & ref 58 1955 series B J&D 5s stamped 1942 J&J Inc 6s Nov 1949 ser A—J&D Newport & Fall River St Ry— 4Ms 1954 J&J Newport Gas Lt 5s A 1961—J&D Newp News & Hamp Ry G & E— 1st & ref 5s 1944-J&J 111M 112M 115 117 117 119 60 M 58M 106 M 2 3M 54—F&A 103 101 99 M 98 108 M 105^ 105 M 103 M 107 60 Penn Central Light & Power 63 131 1st & ref 4Ms 1st 5s 1979 102 105M 105M 16 15^ 20 7 10 / 10M / 11 11M 11M 78 63 100 NY PA NJ Utilities— . 100 x 100 99 M 94 105 104 105 Ohio Power Co—• Deb g 6s 2024—- J&D A&O 124 107 M 125M 117 M 117 „„ 3M-3Ms 1941-42 F&A 3 Ms 1943-1944 F&A 4s 1945-1947 F&A Ohio River Bridge & Ferry— 118M U9M 114 114 105 112M 107 % 1965—M&N 107 M 105% 108 X 103 m.1 110M 105 H 105 30 9 95 M J&D 1st mtge 3 Ms 1966 Debentures 4s 1946 Oklahoma Natural J&D 1951.M&N 101M 82 b Basis. / This price includes accrued interest, 1st lien 5Ms 104 M 99 M 105M 88 89 82 84 83 81 105 105 M 98 99 106 104 103 M 108 78 M 1st con 102 X 95 113M 93 % 94 M 11 80 97 90 100 M 103 M M&N M&N M&N F&A 101M 101 102M 100 100 M '85.J&D '30-J&J A&O J<&2 70 Duquesne Lt 1st 3Ms Duquesne Trac 1st 5s Plttsb Rys 5s 1953-. 2d Ave Tr 1st 5s 1934 7M 110M 10 7M 5 4 5s'50A&0 ctfs.-J&J 5s '38.J&J 7M Philadelphia Electric—- 1st 110M 46 F&A 5Msl939 M&N Market Street Elev Pass 1st g gu 4s 1955 Union 113 M Ry— Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f—Jj5eA S f guar 5s 1962 M&S 6s gold 1962 —:M&S 1st m r e 6s 1944 J&J Darby Media & Ches St Ry—, 1st 4Mb 1936 J&J / Host Mantua & Fatrm— 1st extd 111 112 3Msl967—M&S Elec Power Co—5Ms 1972 F&A mtge Phtla & Garretsford St 64 M . 74 M 73 76 77 M 88 78M 19 22 50 54 94 95 Traction— Elec & Peo 4s tr ctfs 45. A&O / ctfs 4s *43-F&A / Traction 4s 1952-J&J P P Ry tr 113 M Nominal, Union r 92 Ry— M&N 6M People's Traction Co— n 13 M Philadelphia Company— Secured gold 5s 1967 J&D Ardmore Street 5s 1958..A&O 37" 62" 73 ... 1st 5s 1955 105 X 70 10 Co— 5s 1948 108M 79 J&J / Peoples Light & Power 104 97 J&J/ 1941 Conv deb 5s 1979 Philadelphia 102 M 1072* k Last salei 108 M 106 M 1st & ref mtge 107 M 105 M 111M 102 M 98 M 105 M 107 % — West End Trac con 104 105 98 United Trac 5s 1997 103 M&N 100^ Oklahoma Power & Water— 93 M 1st M 5s 1948 ser A F&A 93 97 1st 5s series B 1949 F&A Oklahoma Ry 1st & ref 5s '41 J&J 35 Income 5s 1990 Apr 1 f 97] „6 60 Old Dominion Pow 5s May 15 '51 100* Omaha & Council Bluffs St Ry— 1st extd 4s 1947 J&J 112% 5M Ontario Pow 5s '43 op to '13-F 5M Ontario Transmission Co Ltd- 100 So Trac 1st & coll tr g _ 96 M 100 M 5 m Gas— 1st mtge 4Mb ser A Conv deb 5s 1946 38 5 mm 100 Ohio Term Okanagan Tel(B C)5Ms '56.J&J Oklahoma Gas & Electric— 97 101M Peoples Gas (N J) 1st 5s '68-J&D 68 lsts f5M* I960 — — --J&D Peoples G & Fuel 6 Ms ww'37 A&O / People's G L & Coke, Chicago— 116M 1st cons g 6s 1943 113 Refunding gold 5s 1947..M&S 93 1st & ref 4s 1981 ser B— J&J 94 1st & ref mtge 4s ser D '61 - J&D 113 Mutual Fuel Gas g 5s' 47 M&N 1st & ref 5s 19.50 100M J&J (Clove) 6s 1947—J&D / 38 Ohio Valley Gas Corp— 80 1st 6 Ms 1943 (with warr).. 60. 7 Ms 1943 J&J 106 Ohio Valley Water 5s 1954. — J&J 100 M Ohio Water Serv 5s A 1958,F&A 100 M&N 1st consol 4s 1948 Prior lien 5s 1948 101M 100M 92 99 Co. Peoria Water Works Co— 1st 5s 1942 138 91M 1961--:—J&J 82 Peoples Telep (Butler, Pa)— 4s 1960 J&D 107 Peoples Tract—See Phila R T 107 102 % Peoples Water Service (Md)— 1st lien 6s A 1949 w W...F&A . F&A 3s 1939-1940 Co— 1st lien coll 3 6s Co— 1st mtge 4s, 1962 108 M 107M 105M 73 26 Peoples Light & Power Corp— 108M 105 M 100 H 116 F&A 3 Ms 1968 Ohio Public Service 108 65 . Ogden 1st mtge 99M 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949—F&A Ed El 111 N Y con g 5s *95 J&J New Amster Gas 5s 1948--J&J NY & ER Gas 1st g 5s '44—J&J Con 5s 1945 J&J NY&Westch Ltg 4s 2004-_J&J Deb g 5s 1954 op guar..J&J N Y Power & Light Corp— 1st mtge 4Mb 1967 ..A&O N Y & Queens Elec Lt & Pow— , - 89 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— 101 62 M /0 23 / 66 97 M F&A 1956 95 . 63 Co— J&J 124 M 103 ^ _ F&A 109 M 102 123 M H 1962-..A&O ser 109 100 Pennsylvania Gas & Elec Co— 1st 1 & ref 6M8 '55 ser A—M&S 1st L &Ry 5s 1958 M&S Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A—M&S Pennsylvania Pow & Light Co— 1st M 4Mb 1981 A&O Pennsylvania State Water Corp—1st coll trust 4Mb 1966—M&N Penn Telep 1st M 4s 1965..A&O Penn Water 1st 3 Ms A '67—F&A Penn Water & Pow s f 5s '40. J&J 1st ref 4Mb 1968 ser B. .M&S Penn Wat Serv 5s ser A '67.F&A 59 19 Ltd— Notes— M&N 57 / 16 Oberpfalz Elec 7« 1946 108M Gas 5s 1945— M&N 104 M 101M Ohio Assoc Telep 4 Ms 1966.J&D 99 % 94 M Ohio Cent Telep 1st 6s '47.-J&J Ohio Cities Water Corp— 79 1st M coll tr 5Ms '53 ser A_ J&J 106 H Ohio Edison 1st & con 4s '65 M&N 106 X 1st mtge 48 1967 M&S 102 X 1st mtge 3 Ms 1972 -J &J 103 X Ohio Elec Pow 1st M 5s *57 J&D 106 90 M Ohio L & Pow 1st 5s 1944—M&N 104 M New York Edison Co— Adj income 6s Jan 1 1965..Apr Bleeck St & F F 1st 4s '50.J&J B'way & 7th Ave 5s 1943. J&D N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A..M&N N Y State El & Gas Corp— 1st mtge 4s 1965 F&A 1st M 4Ms 1980 M&S 1st 4Ms 1960 M&S New York State Rys— 1st con 4 Ms 1962 ctfs M&N 1st & ref 5s 79 , _ 108M 109 M&N 1st & ref 48 1 971 ser F 77 79 M 1977—....M&N Electric Pennsylvania 105 M 104 103 M 103 M 104 J&J 108 (Chic)— 1950 Northwestern Pub Serv — mm 23 1st M 8 f conv 6s '60 ser A.J&J / Certificates of deposit / Deb 5s 103 1st g 107 M mm 105M M&N 1st mtge 5s 1941 opt M&S Union El (Loop) 5s g'45—A&O 6s series B 105 105 19M 78 M Penn-Jersey Water— 1st coll 5Ms 1960 F&A Penn-Ohlo Edison Co— Deb g 6s 1950 ser A ex-w.M&N Deb 5 Ms 1959 ser B F&A Penn Public Service Corp— 1st & ref 6s ser O 1947 M&N 1st & ref 5s series D 1954.J&D 126 „ N Y Cent Elec 1st 5Ms '50.M&S 1st 5s 1952 J&J N Y & East River Gas—See NYGELH&P 104 X 130 18M F&A Co— 1st extended 6Ms 1950.-M&N Non-cum inc deb 6s 1950-M&N 106 _ *44.J&J Northwestern Utilities. Ltd— 1st ref 6-7s ser A 1949 J&D Nova Scotia Light & Power Co— 1st M 8 f 4s 1957 J&D 88 91 Called Jan. 30 at 104. 55 112 110M 107 M M&S / 1950 deb 6s 115M 105 M Teleph & Telegraph— Refmtgle3MsserB 1966.-A&O Ref mtge 3 Ms ser C 1966-J&D Parr Shoals Pow 5s 1952 A&O Paterson & Passaic Gas & Elec consol gold 58 1949 M&S Paterson & State Line Traction— 5s 1964 J&J Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6 Ms '44M&N Pecos Valley Power & Light Co 85 107M 1st & ref 5s 1966 ser J&J 1942 Pacific 100 1st M 5s ser A 1957 N'western Teleg 1 st 4 M* 86 * Conv 96 1952—J&J '52..M&N 5s, PaclficPower & Light 1st M 5s 1955 99 83 M 52 1957—J&J Northwestern Power Co 100 ctfs 106 1957—M&N Northwestern Light & Power— Newport Water 5s 1953 M&N *51.M&N 1st 5s series B 1951 M&N New Rochelle Wat 5 Ms 1st con 6 Ms 1962 1st Pac Ltg Corp deb 4 Ms 1945.A&O Pacific Northwest Pub Serv— 114 113M 104M 11966.J&D Pacific Light & Power Co— 98 60 113M 111M 110M 106M 1st & ref M 3 Ms ser : 1 Northern Ind Pub Serv— New Mexico Power— M 3Ms < 49 H 1st 68 stamped 1945 Northwestern Elevated 48 M „ 1st & ref M 3 Ms ser H '61-J&D 107 H „ 108M 51 55 1st & ref M 6s 1941 ser B.J&D 1st & ref M 4s ser G 1964. .J&D oo ^ 48 M North Ind Gas & El 6s New Haven Water— cons i—i—1 —•i „ M&S J&D Conv deb 5s 1950 M&N Convertible deb 5s 1962—J&J New Engl Pow Assn 5s 1948-A&0 Deb 5Ms 1954 J&D New England Power— 3 Ms series A 1961 M&N New England Tel & Tel— 1st 5s 1952 series A J&D 1st 4Mb 1961 ser B M&N Newfoundland Light & Power— lsts f 4 Ms 1956 J&J 32 96 M J&J O M&N 1st & ref 5s 1969 ser D M&S 1st & ref M 4 Ms 1970ser E J&D 124 Nor Indiana Telep 4 Ms '55.M&N 120 M 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—_ 57 1st & ref 5s 1956 ser A...J&D 57 1st & ref 5s 1962 A&O 57 M Northern States Power Co— 1st & ref M 3Ms 1967—-F&A 93 M Northern Texas Elec Co— Coll tr s f g 5s 1940 opt—J&J / 95M Northern Utilities Co— 1st lien 4-6s 1968 M&N 8 f reg income 3-6 Ms May 1 '69 128 N'west Cities Gas 6s 1949—J&j Northwest Louisiana Gas— 1st M 6 Ms 1936 with warr.J& - / Northwestern Electric— G E L H & P Newark Cons Gas con 5s *48. J&D Newark Gas 6s Apr 1 1944.-Q-J New Brunswick (NJ) Lt H & Pow 4s Dec 15 1939 J&D 105 % Co— North Texas Co 3-6s 97 M 1st & 103 M 103 X 37 1941 -J&J New Amsterdam Gas—See N Y 48 Pacific Gas & Electric Co— 36 July New York Rys Corp— Prior lien 6s stpd 1958 101 106M Northern 111 Water 6s opt'15.-J&J 1st ref g 4s 1950 101K North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42-J&J 109 M 117M 80 M 49 Los Angeles Pacific Co— A.J&J N'eastern Wat & El 6s ---A 103 46 46 M Los Angeles Pacific RR— 1st & ref mtge 5s 1943-M&S 104 North Penn Gas Co— 1st M & lien 5Ms 101 102 1942...J&J Refunding 5s 1901 M&S 101M 1947 A&O 48-_M&N / A&O 1st coll & ref 5Ms '48ser 104 — 40 79 M mtge 5s 1958 New Orleans City & Pacific Elec Ry g 5s 103M 35 116M 1st Pacific Coast Power 5s 1940-M&S 51M North Central Gas 5 Ms 1955 96M M&S 1956—A&O i 57 M North Carolina Gas 6s 91" 89 99M 95M % 109 % New England G & E Deb g 5s 1947 Conv deb 5s 1948 52 M 48M North Continent Utilities Corp— 90 Debenture gold 5s 1978—F&A Certificates of deposit Deb 6s Ozark Power & Water Co— 1st s f 5s 1952 ..M&S Properties Ltg Boston 3 Ms secured notes 1M 1M 88 Nat Toll Bridge 6s stmp '39.J&J Nebraska Pow 1st 4Ms 1981-J&D Deb 6s 2022 Otter Tall Power Co (Minn)— 1st mtge 4s 1961 J&J 108M M&N15 & El 6s 1949-.J&J / North Amer Light & Power S f deb 5 Ms 1956 93 Deb 5s 2030 ser B Nat Public Service Corp— Nev Calif Elec 1st 5s 111M F&A ..F&A F&A F&A 1949 105" A&O * 104 108M _ - 104M A&O 110M 1963 ser B—F&A15 Deb 5 Ms Nor Amer Gas 107 National Electric Power Co— 5s stamped 1978 . J&J / Nat Gas & El Corp 5s 1953.F&A Nat Pow & L deb 6s 2026 1961 100 Ref & coll tr 3-3 Ms Ref & coll tr 4s 1957 Valley Power Co— 1st M s f 5Ms 1970. Deb 5s Nov 15'69ser C 1908—J&J 1953 opt 5s Light Heat & Power— '39-'48 A&O Ottawa 95 M 93 88 98M '48-*55.J&J El Ry 4Ms Ask Ottawa 3Ms debentures 1954 4s debentures 1959 North American Edison Co—■ Conv deb 5s 1957 ser A..M&S 89 1st 5s 1951 M&N Nashville Railway & Light— Cons g 5s Ottawa 95 Niagara Falls Power— 1st & ref 3 Ms 1966 M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O Nippon Elec Pow Ltd (Japan)— 1st mtge 6 Ms 1953 J&J Norf& Ports Bdge 6Ms *47-.F&A 3 Ms debentures Ref & ext gold 5s 1958 J&J Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945—F&A 103 M 108M A.....M&N North American Co.— Narrangansett Elec Co— 1st mtge 3 Ms 1966 J&J Nashville Gas & Heating Co— 102 109 M See N Y Gas Elec Lt & Pow 17 Recklinghausen 7sl947 —J&D f Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Un Tel 49 102V% B 1967—J&J N Y Water Service Corp— 76" 72 J&J J&J Bid 101M Ref mtge 3 Ms ser 1st M 5s 1951 ser Bonds Oregon Elec Ry 3s 1958 —M&S Oregon-Washington Water Serv— 1st M 5s 1957 ser A J&D N Y & Westchester Lighting— 105 M Mount Hope Bridge 5s 1969.J&D 2d income 8s Dec 15 1969 Mountain States Power Co— New York Steam Corp— 1st mtge 3 Ms gtd 1963 J&J N Y Tel 1st 4Mb '39 tax ex.M&N 75" Ask Bid Bonds Ask Bid Bonds Canadian price. 10 85 7M 13 NOTICE—All bond prices are interest" except where marked "f" and income and "and Quotations for all securities are as near as Bid Bonds Phila Suburban 108% 110% 46*" 5% 6% 44% 146% 148 105 107 17 103% 17% 69% 67 103 Portland Gas Co 1st 5s 1951.F& A Portland (Me) Gas L 5s A'50 A&O Portland General Elec Co— 1st & ref 4%s I960. M&S 1st M 5b exten to 1950 J&J Portland (Me) RR 3%s 1951-J&J 1st 1 & con m 5s 1945 M&N Porto Rican Power 6s 1950.M&N Porto Rican Rys Ltd 5s 1962M&N 89 65% 105% 64 91% 99 97 t 103% 14% Porto Rico Telep 6s 1944—J&D Postal Teleg & Cable 5s '53-J&J Potomac Edison Co— 1st mtge 5s 1956 ser E—M&N 1st M 4^8 1961 series F A&O Potomac El Pow— 107% 109% 1st mtge 3 lis 1966 J&J Power Corp of Canada Ltd— Conv deb 4%s 1959 Ser B.M&S 109 Conv deb 5s ser A 1957—J&D 103 ff 18* 101% Power Secur coll tr 6s '49.-J&D Providence Gas 4s ser B1963 F&A 100% 106 105 & P 5s *46-M&S 18 F&A Public Gas &Ooke 5s 1952..J&D Pub Ser of Indiana 6s 1952.F&A Public Service Co of N H— 1st mtge 3%s ser O 1960--F&A 1st mtge 3 %s ser D '60--M&N 1st 3 %s series E 1961.——F&A 1st 3 lis series F 1966 J&D Public Service Corp of N J— Trust certs 6% perpet—M&N Camden Sub 1st 5s 1946-J&J Kliz Plainf & Cent Jersey Ry— 1st g 5s Dec 1, 1950—J&J Eliz & Raritan Riv 5s '54-M&N Elizabeth & Trent 5s '62.A&O J O Hob & Pat 4s 1949—M&N Prussian Elec 6s 1954 38 108 108 105% 1st mtge 3 Mb 1968 A&O Public Service Co or Oklahoma— 107 - J&J Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950 —M&N Direct mtge 6s 1952.. M&N Con mtge 6s 1953 F&A Cons 6s 1955 7s extended 1941 Richmond 1st 79% 81 50 62 98 1957 101 1st 5%s ser B 1957 -M&S Silesia Elec Corp s f 6 %s'46 .F&A 1st & ref 5s 1960 77 111 66 1933 ctfs of dep...J&D 85 Non-cum 6s (ws) 1951 Utah Power Co— 1st M 5%s May 1, 1960.-M&S 105 Va Pow5s 1956..F&A 90 Southside Southwest Gas Co 101% M&S J&J J&J J&J s 68 J&D 112% 103 103 % 111 111% 105/4 Ser deb 4s A 2 Southwestern 1st M 6s 105 10 103 80 102 80 States 55 lih • 1 109 Southern Bell Telep & Teleg— 3 %■ debentures 1962 A&O Southern California Edison— 1st & ref mtge 4s 1960 M&S 65 111" 109% 100% 50 53" 30 105% 66 65 84 86 Co rp 59 59 F&A 59 59 59 fs* * A&O II 16 21 95 118% 125% 10% 2% 49% 85 80 67 82 99 105 43 96 91% 90 43 67 107% Terre Haute W W Corp— 1st M 6s 1949 ser A .J&D 1st M 5s 1956 ser B_ F&A Texarkana Wat 1st 5s '58.-F&A 101% 38 ?i* Terre Haute Traction & Light— 1st con M g 58 1944 M&N 101% 99% 97% 107% 107% 111% Texas Consumers Water— 1st 6s A 1939 Texas Elec Ry 5s 1947 100% 97% 112% 105% 110% 109% Tex Trac 1st 5s 1937 103% 101% 103 A&O / J&J / opt.-J&J / 7 3% 3 Texas Electric Service Co— 1st mtge 5s 1960 Texas Gas Util 6s 1945 1st 2-6s 1951 Texas Hydro Elec Corp— 1st mtge 6s ser A 1956 A&O / M&S 98% 25 22% A&O 88 6s 1956—M&S 1956 M&S Texas Power & Light— Deb g 6s 2022 ser A... J&J 99 86 General & 6%s ref 5s 1956 101 M&N Texas Pub Serv 1st 5a (w-s) 1961 Texas Traction Co 5s 1937..J&J 107 Canadian price. ..J&J Texas Pow Corp 115 1st A&O F&A Tenn Pow gu 5s 1962 opt.-M&N Terni Hydro Elec 6%s 1953.F&A 101% r 102 Ref s f 6s series A 1955 M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A J&D 1st & ref 5s 1956 J&D 73 98% A&O nNominal. 65 F&A 1st M 5s 1943 107 107% it Last sale. 32 115 A&O Sutter Butte Canal 6%s '43.M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1946-M&S 2nd mortgage 5s 1930 J&J Taiwan El Pow s f 5%s 1971-J&J Tampa (Fla) Gas 5%s '56.-A&O 1st 5s 1961 A&O Telephone Bond & Share Co— Deb 5s 1958 J&D Telephone Service (Ohio)— 5s 1953 M&N Temescal Water 1st 5s A '60 M&N 103 106% 110% 4%s 1962 99 103 Ry 1st 5s 1951 102 101 88 105% 67 66 55" 109 105% 59 M&N Conv deb 6s 1938 Stettin Pub Util 7s 1946 103% Southern California Gas Co— 1st & ref 4%s 1961 M&S 1st M & ref 4s Aug 1 '65. F&A Southern Calif Water— 1st M 4%s 1960 Southern Canada Power— 107 F&A J&D 3tandard Telephone Co— 1st 1 coll tr 5%s '43 ser A.M&N 78 104% 108% 109% 34 50 Standard Public Service Corp— 1st lien 6s series A 1948 F&A 1st lien 6s 1948 ser B J&D 105% 104% 105% 102% 104/4 100% A&O A&O 6s gold debs 1957 Standard Power & L Corp— Deb g 6s 1957 1945 M&S 3 %s May 1 1960.J&J 3%sser B I960..J&J Debenture 3%s Ref mtge Ref mtge 108% 83 M&S Debenture 6s 1966 52 100 J&J J&D 1st lien 68 x-w 1941 J&D S'eastern Indiana Pow 6s '43 M&N S'eastern P & L deb 6s 2025.M&S 1 103% 103 Tennessee Eastern Elec Co— 1st lien 6s 1944 1 103% Telep Co— 1948 6s stmp ext May 1 '48 6s stmp ext May 1 '48 Debenture 6s 1951 21 100% Southeastern Gas & Water Co— t>I> O O 107% 103% Convertible notes— 18 South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A.J&J 1st lien & ref 5s 1960 ser B. J&J 1st M 5s 1955 F&A 105 102 1st 6s 1949 103 20 76 75 102 105% 1939-1945..M&N Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J 106% 105% South Jer G E & T—See Pub Serv ice 105% 104% Light & Pow Co— 1st M 5s 1957 ser A F&A 1st M 5s 1957 ser B F&A Southwestern Power & Light— Deb g 6s 2022 series A M&S 19% 68 20 64 Southwestern 48 71% 64 7 1st & ref M 3s ser C 1968..J&J Southwestern Gas & Elec Co— 1st 4s series D 1960 M&N 96 100 1939._F&A 47 Southwestern Bell Telep— 1st & ref M 3%s ser B '64-J&D 105 Somerset Un & Mlddlessex Ltg— South Carolina Power Co— 1st lien & ref 5s 1957 20 * 5% 62% 62% Telep 6s B 1947.M&S 1st 6s series O 1947.. 88 86 43 Conv deb 6s ser A 1932 J&D Southwestern Assoc Telep Co— 1st M 5s 1961 A&O 56% 102% 100 (Okla)— f 6s 1954 Southwest 106 101 Mtge g 4s Dec 1, 1943—J&D South Bay Consol Water— 1st ref 5s 1950 ..M&N fc20 96% M&N S'west Nat Gas Inc 6s 1966--A&0 S'west Pub Serv 6%s 1937..M&S 1st 100% to 37 33 Southern 100% 54 Serial deb 5s 1942-46 Sioux City (la) Serv 6sl951_J&J /This price includes accrued interest, s f Southern United Gas Co— li Basis. Gas— Steubenville Wells burg & Weir ton Somerset Lighting 5s 27 Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4>*s 1977 ser D.M&S 5s series E 1962 M&S Gen 3%s series H 1967--.M&S Gen mtge 3%s ser 1 1967.M&S Rochester & Lake Ontario Water extend 5s 1951....M&S Roch Ry cons 5e g 1930-.—A&O A Serial deb 3s to 1941 77% 104 100% ser Sioux City Gas & Elec Co— 1st mtge 4s 1966 102 113 F&A Roanoke G-L 5%s 1951...F&A Roanoke Ry & El 5s 1953..F&A Rochester Central Power Corp— 2d 5s g 97 20 A&O 62 84 100 104% 104% 104% 101% Gen income 4s Jan 1 1957-A&0 Sierra Pacific Power Co— 102 Richmond (S I) Lt & RR— 1st coll tr g 4s 1952 J&J Rio Grande Valley Gas Co— 1st mtge 5s 1950 92 60 10-year coll 102 Shreveport Rys— _ H* 96 ....A&O ...M&N Seneca Power Corp 6s 1946-M&S Shawinigan Water & Power Co— 1st M&col s f 4%8'67 serA A&O 1st coll tr 4%s '68 ser B.M&N 1st coll tr 4%s ser D '70-A&O 1st coll tr 4s-ser F 1961 A&O 80 (Ind) W W Corp— M 5s 90 Union 1st & ref 5%s series 11945 1st & ref inc 5 %s ser II'45 90 Shenango Val Water 4s B'61 A&O Shinyotsu Elec Pow (Japan)— 1st sink fund 6%s 1952—J&D Shrevp't Bdge & Term 5s'55.F&A 147% 52 79 50 Seattle Lighting Co— 1st 5s 1944 M&S Second Ave Trac—See Phila Co— 50 59 99% A&O 107% 146 212% 75. 19 M&N Seattle Gas 1st 5s 1954 110% ■ 1959 107% 103 1st & ref 8s 2037 P Serv of Penn 1st 5 %sA'53_ J&D Public Utilities Consol Corp— A&O A&O 6s 1942—A&O Southern 101% Standard Gas & Elec of Delware 79 Seattle Elec-Seattle Everett 1st M g 5s 1939 opt 1914..M&S 107 Public Service Elec & Gas Co— 1st & ref M 3 %s 1968 J&J 1st & ref 5s 2037 125 65 Income 3s Apr 1 125 4s ser A 1966 F&A Serial aebs4s Feb 1 1946..F&A 96 South N E Telep 1st 5s 1948.J&D Southern Trac—See Phila Co 123 106" 77 61 58 1st mtge 93 Scranton-Spg Brook Water Serv— 1st & ref ha 1967 ser A—F&A 94 1st M pipe line s f 4 %s '51 A&O Southern Neb Pow 5%s B'47 J&J 101 109 48 82 103 85 92% Adj mtge inc Jan 1 6s '60.A&O 1st & ref 5s series B1961.F&A 174 105% Corp— Spokane Fails & Nor 6s 1939.J&J Spokane Gas & Fuel 5s 1944.F&A Spring Brook Water Supply— 1st ref 5s 1965 A&O Spring Val Util ref 6s 1943.-J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Springfield Terminal Ry 7s 1942 Stamford Water 1st 5s 1952..J&J Stand Elec (Calif) 1st 5s '39.M&S 105 Sayre (Pa) Elec 5s 1947. A&O 7 Schenectady Ry 1st 5s Mar 1, '46 / Scioto Val Ry & Pr 1st 6s '43.J&D / 76 Scranton Gas & Water Co— 100% 1st 4 %s 1958 M&S 102 Guar g 5s Marchl ,1953.M&S Public Service Co of Nor III— 1968--.. Southern Natural Gas 44 102 105 J&J (Calif) M&N Scranton Trans ser A 5s'59_A&0 4s series B1959 A&O 98% Pater son Ry— 2d 6s *14 ext 5% to '44. A&O So Jersey Gas El & Trac— Extl deb 6s 1953 s 102 102% 7% Henry LII & P 1st 5s *46-F&A Puget Sound Power & Light— 1st & ref 5%s 1949 J&D 1st & ref 5s 1950 ser O M&N 1st & ref 4%s 1950 ser D.J&D S%% notes 1940 F&A Puget Sound Tel 5s A 1952.J&J Quebec Power— 1st & coll 481962 M&S Queensboro Gas & El 5s '52.J&J Conv g deb 5Ma '52 ser A.A&O Qulncy El Lt & Pow 5s A'47 M&S Rapid Transit St Ry 8s 1941. A&O Republic Nat Gas 1st 6s 1954J&J Republic Service Corp— 1st coll trust 5s 1951 J&D Rhine-Ruhr Wat Serv Union 1st M 4%s 108% 1st mtge s f 4%s 1979 J&D 101% Saguenay Elec 5%s A 1953.J&J 105% Saguenay Power 4 %s A 1966 A&O 105% 1st 4%s series B 1966 103% A&O 104 Serial notes 2%^ls to'46..J&D St Clair County (111) Gas & El— 113 1st cons guar 5s 1959 M&S 22"" St Joseph Ry, Lt Heat & Power— 103 1st mtge 4%s 1947 J&D 19"" 3-4 %s serial notes 1939-43 .J&J 106"" St Joseph Water 4s A 1966--A&O 105% St Louis Co Gas 1st 5s 1951.A&O 70 69 St Louis Springf & Peoria RR— 99% 105 1st & ref gu g 5s '39 opt-.J&D St Paul Gas Light— 113 Gen gold 5s 1944 M&S 110 66 Salmon RIvPowgu5s 1952 F&A 106% Salt River Val Water Users Assn 101 67 6s 1939-1943 F&A 102% San Angelo Telep 1st 5s 1958 F&A 93 105 San Antonio G & E 5s 1949.M&S San Antonio Public Service—, 104% 1st mtge 4s 1963 .A&O 14% 4% serial notes Apr 15 1939-48. 6 101% San Diego Consol Gas & Elec— 108 111% 1st mtge 4sMay 1 1965..M&N 110 104% San Diego Co Wat 6s A '62.M&S San Francisco Bay Toll Bridge—_ 1st M sink fund 6%s '57.M&N Deb s f 7s 1942 M&N San Joaquin Lt & Power Corp— 103 131 Unif & ref 6s 1952 ser B..M&S San Jose Water Works 106 1st mtge 3%s ser A 1961--J&D 108"" 103% Santa Barb Tel 3%s ser C'66 J&J 23"" Sandwich Windsor & Amherstb'g 104 Ry debenture 4%s 1943..J&D 99% Savannah & AtlantaRy— 1st cons 6sMay 1 1935 7 J&J / Savannah Elec & Power Co— 101 1st & ref 4s 1947 ser D—Q-Jan 106 1st & ref M 5s ser F 1955.M&S 106% 111% Savannah Elec Co 5s g '52. J&J 7 1st g 6s 1947 series A Southern Counties Gas 104 100% 104% 1948—.M&N 43 101 1st lien & coll 5s 1958 A&O Southern Colorado Power Co— 5 101 Rumford Falls Pow— 1st 100 Portland Elec Pow 6s 1950.M&S 1st coll 4-5 %s 1948 A&O Puerto Rico El Pow 4s to '56.J&J 1957.M&N f f 4s Oct 1945 A&O Safe Harbor Water Pow Corp— 46 Ask Southern Cities Utilities Co— 102 (Ga) Ry & L 5s '46—A&O 22 Ruhr Gas Corp 6%s *53 A _.A&0 / Gen M 4%s May Bid Bonds Ask RR— Rome 42 Portland (Ore) Gas & Coke— 1st & ref g 5s '40 opt '20..J&J 1st l'n & gen 4%s 1940—J&J 1st M 5%s 1948 M&S Secured conv 6s 1938._.-M&S Rochester & Syracuse 1st M conv 5s ctfs Rockford Elec Co 1st 5s '39.M&S Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv Mist 1 & ref 5s 1958. M&S Pittsburgh Trac 1st 5s 1927-A&0 Plainfleld St Ry 6s 1942....J&J Plainfield-Un Wat 5s A '61.M&M Pomeranla Elec 6s 1953..M&N Provincial L H Bid Bonds 32 1954 i.'. J&J < 1st 6s 1954. J&J Phila & Western Ry 5s 1960-J&J Piedmont Hydro-El Co (Italy)— 1st & ref s f 1960ser A A&O Pinellas Wat Co 5%s 1959.M&S Pitts Canonsburg & Wash 5s 1937 1st 4s PC defaulted bonds possible for the closing day of the month preceding the date of issue „ Ask Water Co— 1st s f 4s 1965 M&S Phila & West Chester Traction— • 77 PUBLIC UTILITY BONDS FEB., 1939] 103% ^ / 89% 3 102 105* 34 78 PUBLIC UTILITY BONDS NOTICE—All bond pricss are "and interest*' except where marked "f" and Income and defaulted bonds ; Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Third Avenue Ry (New York)— 1st ref g 4s 1900 opt aft '14 J&J 38% 9M Ask 106 % 63 M West End Trac—See Phila Co West Ohio Gas 6s A 1954—J&D 40 90 69 Westchester El 1st 6s g 43-J&J Yonkors Ry 1st 6s 1940—A&O 45 45 B5 79-F&A 86 87 (Japan^ I&S15 70 72 Tide Water Power 1st 5s Toho Electric Power 1st s f 7s 1955 ser Tokyo Elec Light Co 1st g 0s 1953 serl Toledo Edison 3 Ms 1908 J&J 8 f deb 4s 1948---J&J Traction Term'l Corp 5s 57—J&J Trenton G & El g 5s 1949._M&S Trent'n Pass Ry 1st ext 0s'61 A&O Trenton St Ry ext 5s 1968--J&J General 6s 1941 J&5 Tri-County Telep 4Ms B '56 A&O Troy City Ry 1st cons 6s *42 A&O Troy Gas Co 1st 5s 1939—M&N 2d 0s 1939 F&A Twin City Rapid Transit Co—■ 1st lien & ref 5Ms A 1952J&D 1st lien & ref 5Ms B 1951--J&J Twin States Gas & Electric—• 1st 1 & ref 5 Ms 1945 Ser A.M&S Tyrol Hydro-Electric Pow Co— lit Mi f 7^8 1955 MAN Guar s f 7s 1952————F&A UJigawa Elec Power (Japan) 1st M s f 7s 1945 M&S15 Union Elec Co of Missouri— 1st mtge & coll tr 3 %a 1962 J& J 3% notes, 1942 — J&J Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada— 1st serial 4s 1939-42 J&D 1st serial 4 Ms 1943-45 J&D 1st 4 Ms 1950 J&D Union Gas System— 1st M & coU s f 5s 1948—J&D Union Passenger Railway— 1st 4s Mar 31 1901 A&O 2d ext 4s Mar 31 1960—-A&O Union Pub Serv (Del) 6s '39-J&D Union Ry—See Third Ave Ry Union Traction—See Phils R T Union Water Service Co— First lien 5 Ms '51 ser A.M&N Union Water Works Co— 1st lien 5 Ms 1942 M&S 15 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 1950 ser A—J&D United Gas & Fuel (Hamilton)— 1st s f 5Ms 1948—— J&J United Ulum Co New Haven— 1st 4s Feb 1 1940 F&A United Light & Power Co—„ Deb g6Ms 1974 -M&N 1st 1 & consol 5Ms 1959—A&O Deb g 6s 1975 M&N United Lt&Rys(Me)0s A'52 A&O Deb 6s 1973 J&J 53 M 106 M - 55 104 62 120 1M West Penn Elec deb 5s 2030-A&0 West Penn Power— 1st M 5s 1963 series E M&S 1st M 3 Ms ser 1 1906 J&J West Penn Tr 1st 5s 1960—J&D West Phila Pass Ry— 88* 1st ext 3 Ms 1956—-A&O 2d extended 5 Ms 1956.—M&N 50 40 10 103 West Texas s* 52 58% 106 70M 108 103 80 108 M 103 % 100 97 97 101M 59M 61M 51 50 61 55 98M 4% ctfs *49-J&J United Railways of Havana— Eq 7 Ms Feb 15 1930 F&A United Rys of St Louis— Gen g 4s July 1 1934 J&J City & Sub Pub Serv 6s '34-J&J United Rys Cos United Securities Co— Colls f 5Msser A 1952-M&N Coll s f 5Ms ser B 1952-M&N United Telep Del 6s A 1948 A&O United Tel & Tel 5 Ms A '53.M&N 1953-—M&N United Traction (Albany)— Con g 4 Ms 2004 J&D Unit Trac (Pgh)—See Phila Co Unterelbe Power & Light Co— Sink fd M 6s 1953 A&O 1st lien 6s ser B 102 M 17 116M Utica Belt Line Street Ry— 1st 5s 1939----M&N Utica El L & P 1st 5s 1950—J&J Utica G & El ref & ext 5s '57 J&J Utica & Mohawk Valley Ry 4 Ms 1941 —M&S Utilities rower & Light Corp— Deb g 5Ms 1947 J&D Deb 5t 1959 F&A Utilities Public Sot vice Go—Conv 6s 1933— J&D 1st - Vermont LtgCorp 1st 5s'44 A&O Vesten Elec Ry 7s 1947 J&D Virginia Electric & Power— 1st & ref M 3 Ms B 1968—M&S Virginia Public Service Co— 1st & ref 5 Ms 1946 ser A—F&A 1st & ref 5s 1950 ser B...-J&D 1st & ref 6s ser O 1952——M&S Deb s f 6s 1940 —F&A Wabash Telephone— 1st M 4Ms A 1958 J&J Washington Gas & Electric Co— 1st sf 5Ms 1947 F&A 1st M 5 Ms 1953 J&J 1st M 5s 1955 M&N 1st lien & ref 6s w w 1960-F&A Washington Gas Lt 5s *60 M&N Wash Ry & El g 4s 1951 J&D Anacost & Pot 5s 1949—A&O 1st guar 5s 1949——A&O City & Sub 5s g 1948 F&A - * No par value, b Basis, 1946.—-J&D Western N Y Utilities 5s '46. J&D Western N Y Water Co— 1st M 5 Ms 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 Pow (Can) 6s 1949—J&J Western Pr Lt & Tel 6s 1948 Western Public Service Co— 1st & ref 5Ms 1960—F&A Western States Util 6s A '45.A&0 Western Union Telegraph— 50 9 8 9 J&D M&S 5M> 1955 ser A M&N f 6s 1952 s Westmoreland Wat 5s 114 99 98 100 % 101 % 53 104 % 105M 56 120 % 110% 111M 112 113 1st M 75 106 72M 103M '52—J&D J&J f 6s 1953 s 77 M 107 110 70M 83 M 72% 84M 85 M 87 81M 82 M 35 101M 101M 103 27 M 59 59 85 98 M 99 105 107 107 M 5 102 103 104 107 104 M Co— Aug 1952ser A—-F&A Wilmington Ry Bridge— 1st 5s 1943 A&O Winnipeg Elec 1st 4 Ms 1960 .J&J Gen 4-5s series A 1965 J&J Gen inc 4-5s ser B 1965 J&.T Wise Elec Power 3 Ms 1908-A&O JBTie I & Lt 1st 5s 1948..M&N 98 75M 104 106"" 64 90 88 77 4s serial deb June 1 1939-1946. Wisconsin Public Service Corp— 85 83% 95% r 93 58 63 59% 58 H 61M 6 123 2% 3M 69 69 69 M 69 M 6 16"" 108 M 108 % 93 88 98 M 94 89 100 M 84 82% 103 M 1st mtge 4s 1901 J&D Wolverine Pow adj 4 Ms Mar 1 '59 Worcester St Ry 5s A 1947-J&D Worcester Transit Association— Cum income 6s 1952 J&D Cum income 6s (w s) 1952-J&D 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'51J&D York Rys 1st M t 5s '37 opt-J&D 58 stamped 1947 J&D 61 107 M 82 100 83 f Flat price, 88" HH oo 64 62% 102 M^ 19% 17 103 104 90 102 66 61M 43 M 44 M 107 M 107 M 108 % 95 M 96M Nominal, 106 M 102 M 99% 25 -100 100 Beauharnois Power com Bell Telephone (Canada) ♦ 100 Bell Telep of Pa 8M% pref —100 Beverly Gas & Elec 25 Birmingham Elec 97 pref * 96 preferred. .......—* Birmingham Gas 96 pref---—-* Birmingham Wat Wks 6% pf-100 Blackstone Vat Gas & El pref.100 Edison Co.. .100 100 Lt & Pow ord * Bridgeport Gas Light. * Bridgeport Hydraulic Co—...20 Brit Col Pow Corp A ...♦ r 5 3 96 45c 1M 20% 109 3 168 120 43 72 65 21 103 112., 132 % 52 M 8M i* 23 * r Jm Brockton Gas Light Co v c c—25 Brooklyn Edison .——..100 * .....* Bklyn & Queens Transit com.—* 96 preferred • Bklyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas * Buffalo Niagara & East Power— $1.60 prior preferred.. 25 95 1st pref * 150 11M 37% 1H 45" 42 100% 53 58 48 54 50 17 21M 105 Gable & wireless Ltd— Ordinary shares Amer dep rec 7M% A ord—£1 Amer dep rec B ord £1 Amer dep rets 5M% pref—£1 Oalif-Oregon Power Go— 6% preferred series of 1927 100 6% preferred .....100 Oalif Water Serv 0% pref 100 * r com IH 30c 5c 3M 69 68 100 M 15% II Capital Transit (Wash, D O) lOOj Carolina Pow & Light 97 pref — *' 96 preferred* Carolina Tel & Tel—..—...—.. Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com 6 % preferred Cent Hud G & El com... -1 60 * 100 4M% preferred 108% Cent Illinois Light 4 M % pref.100 Cent 111 Pub Serv 96 prer. * Cent Indiana Gas 6M % pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow 96 pref 100 si* 76 140 92 80c 31 13% 111 110M 11* 30 M 100 87 .100 90 Cent Ohio Lt & Pow 6% pf-—* Central Pow & Light 7% pref 100 73 6% preferred-........-..-100 81 Cent & S W Util com..—----60c Preferred * Prior lieu preferred * 45 - Opntral N Y Power Corp— 19 104 M 23 104M 100 116 92"" 90 M 91 93 5% preferred - -— Central States Edison 74M Z5* 66 iiH 55 ** 8M 13 % 35% 35 M 114 1M 2M 113 * 1 1M 15 M 27 60 16 29 6 41 35 % 63 13 14 40 Canadian price, * pf--* Cent Vermont Pub Serv 6% pf-* Central West Co. vtc5 Chester Water Serv 5M % pref--* Ohlc City & Con com part ctfs--* Pref partlc ctfs --* Chicago Rys partlc ctfs ser 1—100 Series 2 100 Series 3-—-—— 100 Series 4 -100 .lnclnnati Gas & Elec 5% pf 100 89 1M 91 1% 2M 100 1 99 "% % - — 8 12 % Vs * r 28 29 133 . Canadian Marconi 115 102 M 99 % 1% 25% 113M Canada Nor Pow 107 M im * -.25 9% preferred25 Amer Power & Light com * $6 preferred. * $5 preferred—. -* Amer Public Serv 7% pref—100 American Service $3 preferred. .* l«4 ....— 104"" 107 X 55 106 106 M 5 — 60 M * 5 5 96 preferred series A 106 58 M 3 —* 6M ... Class B * 1st $6 preferred American Light & Traction- n M * * —— Boston Elevated Ry com 82 A—* Amer Gas & Power com— k Last sale, 75 # Brazilian Tr 77 50 $6 preferred 59 48 127 110 86 2% 2M 6% 84 M Class A -..* Atlanta Gas Light 6% pref. .100 Atlantic City Elec 96 pref---.. * Bait Transit Co v t c-* Preferred vtc 100 Boston * Allentown Beth Gas pref-. Amer & Foreign Pow com Amer Gas & Elec com 58 57 46 124 4 36 M * Central States Pow & L 97 PUBLIC UTILITY STKS. Alabama Power $7 pref * $6 preferred-—... * $5 preferred' * Alabama Water Service pref—_* Allegheny Traction—See Phila Co ——— 59 ziH * ----- Associated Public Utility — .* Assoc Telep Co Ltd 91.25 pf * Assoc Telep & Tel eg $6 prer.. * 97 1st preferred 100 94 preferred—.—... .* 97 preferred Consol Hyaro-Elec of Wyoming Vail P S 6s 1971-A&O $7 preferred$7 second 2nd pref series $0 cum pref Warrants 101M * 90 M preferred 100 9 24 10 Original preferred 105 M 105 % 98 Wuerttemberg (Germany)—See 4 119 6% preferred — . 3Ms 1966.. A&O 28 Wisconsin Hydro-Elec Co— 28 1st M 5s 1947 A&O Wisconsin Michigan Power Co—■ 60 M 1st mtge 3 Ms 1961 J&J 60 M Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt '19 M&N Gen & ref 7s 1947-—J&J 1st & ref 8s 1944 M&N Wisconsin Power & Light— 5 1st mtge 4s ser A 1966—-J&D 96"" 4 13 82 M 109 8angor Hydro Elec com 7% preferred 0% preferred 100 97 101M 105 M WilLiamsport Water Wisconsin Gas & Electric— 16 93 M i 6% preferred -.50 Arkansas Nat Gas common ____-* Class A ._...—* . $7 preferred Option warrants _ 3M Common 5 preferred-. 123 % M&S M&N 1st mtge 25 M 15c * 6% preferred ...25 Amer Wat Wks & Elec com-..-.* 96 1st preferred * Appalachian El Pow 7% pref — * 6% preferred .» Arizona Edison com vtc * Arizona Power 96 preferred.——* Arkansas Missouri Power— !4 preferred 75 1st M 5s 1956 ser B-.....F&A Wise 21 18M • ... 104 M 1st M 5s 70 152 M 100 Bklyn Manhat Transit... M&N 1st M 5s 1941 opt Wichita Water 6s 1949 1st M 5s 1960 ser C 74 M Preferred $61series American Telep & Tel eg Arkansas Pow & Lt 97 pref ...• 0% preferred .* Associated Gas & Elec com ....] Common class A I 50 65 Wheeling (W Va) Electric Co— 103 25 Superpower Corp com-—-* First 96 preferred. • Westphalia United El Pr (Germ) 102 Preferred Amer Amer Utilities Service com. Western United Gas & Elec Co— 1st 5s series B 1957 Western Utilities Corp— . 1st lien gen M 5s 1944—-F&A 1st lien & gen M4^s 1944-F&A coup notes 15-year 47 A&O Western Lt & Telep 5s 1954-A&O Western Mass Cos— 1st 93 87 _ Utah Lt & Tr 1st 5s 1944 A—A&O Utah Power & Light Co— Deb 6s May 1 2022—M&N 117M 8 1% 13M com... 0 preferred..— Fdg & R E M 4Mb g *50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 1960 M&S Mut Un 6s ext at 5%to*4lM&N „ Un Lt Rys (Del) deb 5M«.52 F&A United Pub Util Corp— Conv coll tr 6s A i960 J&J Convcolltr 5Ms B 1960---J&J J&J Westchester Service Corp— 4s 1948-1953— A&O / Western Cont Util 6s 1944--M&S 3M% _ ' A&O 1st M 5s 1957 ser A West Virginia Ohio River Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50- -J&D Gen mtge 3 Ms gtd 1967—J&J 30 102 108 Utility — West Va Water Service— 1st mtge 48 1961 26 Amer States 101M 106 M Bid Bonds Ask Utilities Co— Bridge 3M-6 Ms, 1960 105 _ „ Bid Bonds Washington Water Power Co— 1st ref 5s 1939 op .J&J 1st & gen 5s 1960 J&J Waterloo Ced Falls & No Ry— 1st M s f g 5s 1940— J&J Certificates of deposit--. Waukesha Gas & Electric Colst 5s 1959 J&J West Canadian Hydro-Elec— 1st 6s ser A 1950 J&J Conv deb 6 Ms 1945 J&J West Coast Telep 5s A 1953.J&J West End St Ry—See Boston El x Cincinnati Gas Transp 100 Cine New & Cov Lt & Trac.-100 Preferred 100 - Cincinnati Street Ry 50 Olncin & Suburb Bell Telep—50 Cities Service com...... -10 Preferred100 Preferred B * Preferred BB * - - - * 97 preferred--—-----* Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co Citizens Utilities com -1 Cities Serv Pr & Lt 96 pre* Ex-dividend. 105 90 95 75 2M 89 M 7% 45 3% 40 68% 68% 2% Fre., 1939] PUBLIC Quotations for all securities Stocks Par Citizens Water Co of Wash Bid are as Stocks Ask (Pa)— 7% preferred 100 City Water Co (Chat) pref—.100 City Water (New Castle) pref.100 Clear Springs Water pref-....-.* Cleve Kiec ilium common $4.60 preferred .* _* Cleveland Railway .100 Coast Co Gas & El 1st pref-_100 Colum G & El Corp (Del) com..* 6% preferred series A 100 103 36 113 22 7% 75% 66 111% 107% 2734 X 1 % warrants 332 * Commonwealth Tel (Pa) 7% pref. Commonwealth Water & Light— 6% preferred ♦ 7% preferred.. * Community Pow & Lt First preferred 0% Community Pub Ser 100 25 com Community Water Jerv com 7% preferred Concord Elec Co 6% pref Connecticut Ry& Lighting 4% % preferred Consol Elec & Gas $6 pref Cons Gas E L & P (Bait).. 5% preferred series A Cons Edison Co of N Y com Cuban Telephone pref Cumberland Gas com v t Cumberland Co (Maine) Power & Lt 6% pref c 32 X 28 179 180 10034 9434 101J4 96% 8534 134 ~I% 106 m 28 .... 100 67 * $4 preferred $5 preferred 15c * * "3% Duquesne Light—See Phila Co— East Coast Public Service v t c__l East Middlesex Street Ry 100 100 135* iJK 100 2234 Eastern Gas & Fuel Assoc's com * 6% preferred 4%% prior preferred Eastern Mass St Ry com 100 6% 1st pref stamped 100 6% pref B stock 100 5% adjustment stock 100 East Shore Pub Serv 6% % pf 100 6% preferred 100 Eastern States Corp com * 62 17 , 3% 70* 1% * 18 * Eastern Util Assoc Conv stock 17 X 4 34 * * Electric Bond & Share.. $6 preferred 3% 5 103 64% 57% 2% 2% 1034 3634 * $5 preferred * Elec Power Association Class A full paid.. Elec Power & Light Corp 1 _. 1 * $7 preferred $6 preferred 2d pref series A * 33 34 * 25% 4% warrants El Paso Electric Co (Del) Preferred series A 7% El Paso Nat Gas com — 100 98 —...3 7% Preferred —.100 Eliz & Trenton RR com.. 50 30 ...... Preferred 50 Elizabethtown Water Cong 100 Eliz Consolidated Gas 100 Empire Telephone 52% II* ?i* * com 25 1 com $5 cumulative preferred $5% pref (with warrants) $6 preferred Company »8X * 76 * 74% 82% * .........50 Essex & Hudson Gas European Elec class A 62 100 10 Option warrants Fairm't Pk & Hadd Pass Ry—See Phila Fall River Elec Light.... 50 25 Fall River Gas Works... 25 Federal Light & Tr com 15 Preferred ($6) * Federal Power & Light com 50 * Without par value, k Last sale, 15 51% 34 11* K 55 it* 85 n % 98 27 6 If* 65 7 34 83 Jan. 12 90 70 7434 Coates—See Phila R T Green Mt Pow Coro $6 pref—* 80% 82 Greenwich 19 22 Gas $1.25 pref * Greenwich Wat & Gas 6% pf.100 Gulf Power $6 preferred * Gulf States Util $6 pref * $5.50 preferred * Water 7% pref class A Hamilton Bridge 105 100 26 28% 3§ * 100 common v 47 110% 2% 60% 6p 33 35 47 10c 50 40c 1 100 Havana Elec & Util $5 pref Haverhill Elec Co... Haverhill Gas Light ; * & 33g% 34^ 1 iii* 16% 116 * 60 100 934 4^ 100 115" 4"» 21% 4% 2134 5% 110 3L$ 33 51% 101% 107% 107 7% preferred 100 Indiana Telephone Corp 100 Indianapolis Power & Light— 6% preferred.. 100 6%% preferred.. 100 Indianapolis Ry Co v t c 100 Interboro Rapid Transit..... 100 10 18 25 50 Warrants Internat Ocean Teleg (guar)..100 International Power Co * 1st preferred 100 Internat Power Securities Units international Ry v t c 100 Internat Teleg of Me (gu) 100 International Telep & Teleg * Foreign share ctfs * International Utilities A * $1.75 preferred $3.50 prior preferred 53" 110 62 10 60 8 11 106% 108 4 7 6% 1734 59 65" 3 72 17 74" 2i* 0J 25 8% 21 < 834 E! *»» * 23% * Investors Telephone com. Iowa Electric 6%s pref * 4% 434 934 23 6%% preferred * * „_ifi Iowa Southern Util 7% pref. .100 6% preferred 100 54 62 Italian Superpower common A__* Jamaica Pub Service Ltd * Preferred Jamaica Water Supp 7 %% Jersey Cent Pow & Lt 7% 6% preferred 5%% preferred x 5 1034 56" 64 96 5% 70 76 Ry(San Francisco) 0 % prior preferred 100 Light Associat'n— Common with warrants * Common without warrants * $2 Preferred Warrants * Mass Utilities Associates v t C--1 5% 634 2 21* 4 2 conv partic preferred 50 Memphis Natural Gas 5 Memphis Power & Light $7 pf. * $6 preferred * Metropolitan Edison Co— $5 cum preferred _* $6 preferred series O * $6 prior preferred. ♦ 27% 67 62 80 95 105 * 106% Mexican Northern Ry com...100 Preferred 100 Mexican Utilities preferred Michigan Gas & Elec— ~5" 3 60 ..100 6 com 7% X % 83* 11* 334 \X 30 23 36* pf..50 pf.100 ...100 7534 ...100 76 Ex-dividend. * 99 * • 3 Montreal Telegraph Montreal Tramways com Mountain Fuel Supply Mountain States Power— 25 5 100 100 * 100 National Gas & Elec com 10 National Power & Light com—.* * 1st pref 100 6% preferred 100 Nevada-Calif Electric com——100 Preferred 100 Newark Consolidated Gas 100 New Bedford Gas & Edison Lt.25 New Eng Gas & Elec Assn— $534 preferred stamped * New Eng Pow Assn com * 0% preferred.— 100 $2 preferred * New England Pow Co $6 pref.100 New England Pub Ser com * $7 prior preferred..... * $0 preferred $0 prior pref New England Tel & Tel 38* * * * 100 New Haven Water— 50 Jersey Pow & Lt $6 pref * New Jersey Water pref... .100 New Mexico Gas com 5 6% preferred— 5654 93 IZ* 53 61 * r 40 100 —10 7% preferred 100 Mountain States Tel & Tel.. 100 Nassau & Suffolk 7% pref 100 National City Lines com... 1 $3 conv preferred 50 $0 preferred Nebraska Power 7% 95 10 com. New 77 63% 6534 115% Miss Power & Light 0% pref * Mississippi Riv Pow 6% pref.100 Mississippi Valley Util Inv $7 preferred. 97 98 130 5434 91% 100 25% 5% 103 ... Canadian price, 734 7% 1834 34 pref.. 100 7% £1 Mass Power & Montana Power 6% pref Montreal L H & Pow Cons * 7% preferred 100 Iowa Power & Lt 7% pref...100 lo wa Pub Serv $6 pref Market St 5% preferred 0% preferred 102 Interstate Natural Gas Interstate Power pref $7 $6 preferred Iowa El Lt & Pow 0% Amer dep rets for ord shs Marion (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref * Montana Dakota Utilities (6 100* Warrants series of 1940 100 13 Monongahela L & P—See PhilaCo Monongahela St Ry—See PhilaCo Monongahela Val Water 7% pfd. Monon-West Penn P 8 7% pref 15 12* * 20 100 Missouri Pow & Lt $6 pref Missouri Pub Service com 110 * . 88 Commun'y— $7 preferred 100 6% preferred 100 Indiana Hydro Elec 7% pref.100 Indiana Service Co 6% pref..100 Internat Hydro-El Syst A Conv pref $3.50 series. 1 Maiden Electric Co 25 Maiden & Melrose Gas Lt 26 Manhattan Railway 7% guar 100 Mississippi Power $0 pref Service— .... 93 101 76 % 111% 10734 100 x x 334 50 7% preferred X 12 43 ♦ * $6 preferred 60 Illinois Water Serv 6% pref..100 illuminating Shares class A * Indiana Assoc Telep $6 pref * Indiana & Michigan Elec— $7 preferred. 100 Lynn Gas & Elec Co 25 Mackay Companies 4% pref.. 100 17 115 Convertible pref A * Midland Util 7% prior lien.. 100 0% prior lien ...100 7% preferred class A .100 0% prelerred class A 100 Minnesota Pow & Lt 7% pref 100 $0 cum preferred... 100 * 5% 30c 92 Midland United 100 5% conv preferred 28 23 134 101 Arrears certificates Illinois Power & Light— 8% 1% 6 1% 434 100 Illinois Iowa Power common 6% preferred.100 Louisville Railway Co 100 Preferred 100 Lowell Electric Light.... 25 Luzerne Gas & El $0 pref.100 7% prior preferred... Middle West Corp com 207$ 100 74 * 7% prior preferred 9 F—See PhilaRT 5% nori-cum preferred Huntington Water 7% pref Idaho Power 7% pref 6% 1st preferred Indiana General 7* 6% 25 25 Hudson County Gas Hudson & Manhattan r 50* 25 6% preferred Nominal, >3%* 3m 25 com Preferred $i preferred Common 107"' 32 t c Louisv Gas & Elec com cl A Modified 5% guar 67% 5 100 Corp * Long Island Lighting com * 7% preferred A 100 6% preferred B 100 Longview Bridge class A Louisiana Power & Light $6 pf_* Marcon Int Marine 84 ..25 .... Harrisburg Bridge Harrisburg Gas 7% preferred.100 Harrisburg Rys common 50 Hartford Electric Light 25 55" * 6% Preferred Engineers Pub Serv 1434 50 Class B 56 It* Green & 205 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf--100 Empire Gas & Fuel Co pf 8%-100 Preferred 7% 100 6% % preferred 100 6% preferred 100 Empire Power Corp par tic stk..* $6 preferred 43* 55 Germantown Pass—See PhilaRT Gloucester Elec Lt Co. 25 Gold & Stock Telep (guar) 100 75* $7 preferred series A $6 preferred series B Eastern States Gas com A* 4134 13% * Hestonville M common 25 Lone Star Gas 1 Holyoke Water Power Houston Lt & Power $6 pref Houston Natural Gas com Preferred 100 Duquesne Nat Gas 11 if* 100 100 26 A com 12 102% 11634 53 23 -* 38 35 16 4 65 81 20 com * * 45 78 31 40 102 _.* 100 100 105 107 26 20 Wat Gas & Elec Hartford Gas 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 Preferred Havana Elec Ry com Danbury & Bethel G & E pf—.25 Dayton Pow & Lt 4 % % pref. 100 Denver Tramway com » Detroit Edison Duke Power 42 Allied Corp $6 pref. Preferred Hamilton Gas 89 * 5% preferred Lawrence Gas & Elec Lt Lexington Util 6%% pref 44 Warrants Hackensack 7% preferred Laclede Gas Light $5 preferred 7234 95 115 105 Lexington Wat Serv 7% pref.100 Light & Pow Securities Co * $3 preferred 26 100 1 Derby Gas & Elec $7 pref 6% % preferred Detroit & Canada Tunnel... Detroit City Gas 6% pref 89 Georgia Power $6 preferred.. 3134 103 34 35 154# 1334 90% Corp— Gen Telep Tri Corp 118 108% Kansas Gas & Elec 7% pref.. 100 5% preferred * Kansas Power Co 0% pref... * 47 50 55 Gen Telep 7*" X\V* 10c 45 56* 5 * 48 54* Gen * 100 100 0% pref * 38 116% 31% 103% 212 42 42 * Bid * 51 40 101 Eisex B 5% preferred Gen Telephone Corp $3 conv preferred X 100 Optional ser 11 734 3% 2% Amer shs for ordinary stockGen Public Service Corp * $6 preferred * General Pub Util common * 119 48 29 10 .......100 Gas & Elec (Del) com A..* 5% prior preferred * $6 cum conv pref ser A * Kansas Elec Pow Par Light— Kansas Power & Light— 208 6% preferred.. Gen Italian Edison Elec 5%% preferred 100 Dallas Power & Light 7 % pref 100 6% preferred. * Preferred * 12 6* 96 102 common Kansas City Power & 1st pref $0 series B Kansas City Pub Serv 7% preferred 47% 67% 140 31 27 46 $4.60 preferred * Continental Gas & Electric— 7% prior preferred 100 Contmen Pass Ry—See Phila R T Orescent Public service com 1 100 9 116 $5 preferred * Consol Gas Co (Pgh) pref.. 50 Consolidated Gas Utilities com.l Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co Consumers Gas (Reading)....25 Consumers Gas (Toronto) 100 Consumers Power $5 pref.... * common. 29 25 * Light"50 100 conv pref $7 preferred $8 preferred 26 X 100 100 Light $6 9 100 100 * * 46 Elec & Gen 95 115 48 * 43 Gas" Gary Elec & Gas 100 * * .* 25 Gas & Elec of Bergen County. 100 Gatineau Power com.... * 5 1 * 23 Preferred 112% 109% 27% 134 1% % 4934 3 100 Common Conn Gas & Coke Sec pref Common Connecticut Light & Power 5 % % preferred Connecticut Power 49 * com ♦ Gardner Elec 1 - 1 % 22% 2334 ..... 62 Optional 22 93 46 Florida Power & Lt $7 pref * 66 Foreign Light & Power units—. 98 Frankf'd & S'thwark—see Phila R T Franklin Telegraph (guar) —100 25 Gandy Bridge common * 3 23 108 70 $0 preferred 2i* TirfifAPT*Af[ * issue Stocks * Florida Power Corp 7 % pref. .100 Preferred $50 par... 114 105% 79 Ask * FitchSurg 37 100 Commonwealth Gas Bid C~ ®7 58 Commonwealth & Sou Corp com * Par $6 preferred $634 preferred 102 100 5% conv preferred 100 Columbus & Southern Ohio Elec 6% preferred A 100 6 % % preferred B 100 Commonwealth Edison Co.. 25 - STOCKS Fed St & Pleasant Val—See Phila Federal Water Service com A..* 7% 78% 73% 5% preferred UTILITY possible for the closing day of the month preceding the date of near as 50 r 54* 68 454 34% 122 11% 11* 3% 734 70% 107% 103 4 37 143 41 17% 11 63 19 134 1% 35 10 934 33 105 71 97 96 2% 36% I so PUBLIC Quotations for all securities Par Bid * Stocks 7 92 9354 93 96 14 18 New Orleans Pub. Serv com 7% prelerred --* Newport Elec 6% pref -100 New Rochelle Water 7% pref 100 N Y Mutual Telegraph (guar) --25 N Y City Omnibus common—--* Option warrants N YPow & Lt Corp $6 pref-—--* 7% preferred 100 N Y & Queens El L & Pow— Common 4 6% pref 100 Niagara Hudson Power -10 1st pref $5 series—-——-100 2d pref 5% series —100 Class A option warrants Class. B option warrants North American Co com -* 6% preferred --50 5% % preferred —50 North Amer Edison $6 pref * North Amer Light & Pow 1 $6 preferred * Co : 78 Jan. y% 13 2*' i % 24 % 24 J4 55 h 107 106% 1% 134 60 % 1% 53" 51 1 134 6 !* 48 46 83 85 88 90 72 74 .25 40 pref—100 98 Northern Liberties Gas Power (Del) cl A—-25 7% preferred 100 6% preferred 100 (Minn) $5 series cum pref * Northwest Electric 7% pref—100 North West Util 7% pref—---100 7% prior lien 100 N'western Pub Serv 6% pref.lOo 7% preferred 100 Northwestern Telegraph (guar) 50 NY PA NJ Utilities $3 pref * Ohio Cities Water preferred * Ohio Edison $6 pref —* Nor States ; preferred lly> 67 62 43% 66 68 75 77 30 3234 24 28 103 10534 109 110 94 100 100 --15 50 94 6% preferred $3 preferred 113* 88 9234 94 100 10134 10734 10534 35 34 27 34 10634 108 AW 98 100 * 100 54 15% 10334 & Bridge 4% pref cum ----100 Preferred Pacific & Atlantic Tel (gu) Pacific Gas & Electric 25 25 1634 109 70 ■ 75 60 70 102 10034 1434 1634 2934 32% 2934 29 preferred (6%) 25 (534%)———25 32 Pacific Lighting Corp com——* 42 1st 1st preferred Preferred * 100 ($6) Pacific Pow & Lt 7% pref Pacific Public Service— 1st preferred Pacific Telep & Teleg 6% * 100 100 preferred Paterson & Passaic Gas & El—100 Pecos Valley Pow & Lt com * * Peninsular Telep Co com Preferred Penn-Ohio 100 w* 43 107 69 10734 7 654 2034 123 5 Pennsylvania Edison C 82.80 preferred i preferred * Pennsylvania Gas common-----* Penna Gas & Elec Co 7 % pref. 100 Penna Gas & Elec Corp $7 pref-.* ^ iProfBrrodi People's G L"&"o"(Chic)IIIII100 Peoples Light & Power Co A 1 Common class B Scrip 1 - —- Preferred 33% 15434 13334 11834 10534 934 32 52 33 36 1734 20 Savannah El & Pow 7% preferred 101 112 1st 78 134 154 1 46 56 cum pref Allegheny Traction—Traction 50 6 79 74 77 4 iH 106 5c 534 634 6% preferred series A 82 •• — — 115 2234 1 2434 ,134 134 • 13 8% preferred 7 % preferred , 31% 118% 30% k Last sale, n 3234 119 30% - Southwest Cons Gas Util com—.1 Southwest Gas (Okla) 7 % preflOO r Canadian price, x 113 34 12* 8 50 R~T" 334 Bedford)..100 Union Traction—See Phila R T United Corp $3 cum preferred Warrants. . 3 33% * 140' 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 180 69 2% 186 * - % Improvement.-— 12 * 11434 * United Lt & Pr Common B com "234 A 234 2834 7334 7434 6% cum 1st pref United Light & Ry 6% pref—100 6.36% preferred 100 7 % preferred 100 United Public Service Corp-1 United Pub Util com A 83 134 35c 25c * ——1 1034 10% 2% $2.75 preferred $3 preferred • United Utility Co common w 1 Utah Power & Light— $6 preferred .-.____* 4934 53 Utilities Power & Lt cl A Non-voting 1 7% 1 common Dref— Utilities Stock & Bond Corp Virginia Electric & Power— $6 preferred cum 8934 H % [67" 1 Wash Gas & Elec 7 234 3 Washington Wat Pow 6% pref--* 20h 18 91M el* 7% 6% 10c* m 2934 4334 43 3234 1134 92 122 100 115 100 West Phila Pass—See Phila R T 88 West Texas Utilities $6 pref--—-* West Va Ohio River BridgeCommon Preferred West - 9> 5c —---* —* 7 2 Virginia Gas 87 33 8* pref—* 1 Preferred ---25 Western Massachusetts Cos——* Western N Y Water pref * Western Union Telegraph-100 >6 22% 110 110 94 100 pref-—-—* Wheeling Bridge ———100 Wheeling Elec 6% pref -100 Williamsport Water pref--——-* Winnipeg Elec class A * --* ——100 -100 100 196 34 Wise Hydro-Elec 6% pref 934 Wisconsin Pow & Lt 6% pref-100 7% preferred -100 Wisconsin Pub Ser Corp 7 % pflOO 152 634% preferred -100 Wisconsin Telep 7% pref——.100 Wolverine Power Co —5 11 Worcester Trans Assoc—---_--* 11 York (Pa) Railways pref— 50 109 • • Class B Preferred Wise Elec Pow 6% pref ll* 13" 2434 3034 6% preferred --—----—-100 634% preferred —-100 Westmoreland Water 2 934 434 149* 134 111 70c Western United Gas & Electric— 45 Ex-dividend, 9834 8834 102% * 100 100 preferred cum preferred West Penn Power 7% pref 6% preferred cum Water Serv 6% Western Lt & Tel com 29 9 4 113 23% 2734 >8 28 West Va 2c 26 36 105 * 640 14 I 115% * Virginia Pub Serv 7% pref—-100 6% preferred 100 Washington (D O) Gas Light * 100 70 10334 11434 .34 112 12% 634 100 100 110 108 Southwest Nat Gas $6 pref—10 Nominal, * 100 110 1634 25 25 ———.25 3% 22% % pref 99 108 25 25 25 Southern New Eng Telep.—-100 Southern Union Gas com * 94 * --10 West Penn Elec Co class A 20% (gu)_25 * common. 105 Wash (D O) Ry & El com Preferred % 9 95 B 102 Twin States Gas El 7% preflOO Twin City Rapid Transit * 7% preferred100 Union Electric Co of Missouri— Preferred 34 8 —100 Class 50 109 100 100 100 72 Southern Nat Gas class A com— * 22 $7 preferred 22 4.80% cum preferred 118" 134 100 Class B Southern Calif Water pref 25 Southern Canada Power.-——* Southern Col Pow com A 25 Preferred 100 Southern Indiana G & E— Federal St & Pleasant Val—25 Without par value, 72 105 South Calif Edison common—25 — 84 * Avenue Ry (N Y) Toledo-Edison pref A 7% 6% preferred 5% preferred "234 1034 7334 ---60 Southern & Atlantic Teleg 6% preferred Third Class B common.—. . 7 74 41 117* Philadelphia Elec Co com.——* $5 preferred ——* Phila Elec Power 8% pref——25 9434 ..* 100 10 2 112 Sioux City Gas & El $7 pref. .100 South Amer Utilities com-—-50c Original preferred 50 Monongahela Lt & Pow ;_50 Monongahela St Ry— 50 Phila & Darby—See Phila R T Phila & Grays—See Phila R T 104"" Southern Calif Gas Co— DuquesneLight5% lstpref 100 Consolidated Trac pref 93 * 99 — — 10234 $5 $5 Peoria Water Works 7% pref-100 Phila City Pass—See Phila R T ---50 * -50 32 60 Brook 534 % preferred series O - % 11334 Southeastern Gas & Water A—_* Common * 10c * United 111 Co of New Haven----* * South Pittsburgh Water— 6 % preferred —-100 * __1 $5 preferred -100 $4 preferred 97 3 34 86 96 United Gas 5 105 Sou Carolina El & Gas 7 % pf. 100 South Carolina Power 6% pref. 51 100 35 33 1 100 63 Warrants 11834 Preferred 68 * 3% 117 6% preferred series B S5 preferred % cum preferred 15% 1934 100 6% pref. 100 7 % preferred 37 18 3834 17 34 2034 34 preferred —100 2d preferred —-—* Second Ave RR Cop (NY)--.- * 2d & 3d Sts Ry—See Phila R T Shawinigan Water & Power * Shenango Valley Water pref.-100 Sierra Pac Elec 6% pref--—-100 Sierra Pacific Pow common * 113 36% 11634 1734 38 4 100 71 * Preferred Union Pass—See Phila Union St Ry (New 234 10934 Seattle Gas common Texas Electric Ry Texas Elec Service $6 pref Texas Gas Util com 5% preferred 234 10734 - 35 Union Gas System com San Diego Cons Gas & Electric— 7% preferred 134 105 112 Union Gas (Canada) 107 31 * 70 * 120 3% * 7% preferied 96 88 13534 11534 134 St Louis Pub Serv common 98 100 94" 10 5 10734 10234 33% 103 Light & Power 10 St Joseph Ry Lt & Pr 5% pf—100 St Joseph Water 6% pref -100 St Louis County Water pref—100 Water Service 6% pref Scranton Transit common 8% 96 101 Rochester Transit common.. conv 52 92 Rockland Scranton-Spring 31 51 13 17 105 103 preferred series O 6% preferred series D 6% preferred series E._. Rochester Telep $634 pref 30 1 29 J 00 100 100 10u 6% 8% preferred 5 4834 27 60 Preferred Rochester Gas & Electric— 10 47 103 34 93 50 - 12 13th & 15th Sts—See Phila R T Tidewater Power 6% pref * 78 Ridge Ave Pass—See Phila R T Rio Grande Valley Gas v t c Scranton Electric $6 pref o34 834 Industrial Stocks. 72 Philadelphia Co corn.- 86 120 9 . 82 107 _ 30' Texas Power & Lt 7% pref—.100 11 102 Rapid Transit Ry—See P S Corp Republic Nat Gas com 1 Rhine-Westphalia Elec Pow— Amer shares representing com Rhode Isld Pub Serv $2 pref 27 34 fi * * 7% preferred 1034 7% 100 * Puget Soupd Pr & Lt $6 pref * $5 prior preferred--.---* Quebec Power common * Queens Borough G & E 6% pf 100 Radio Corp of America—See 1634 7% preferred ..100 Tennessee El P 1st pref (7%). 100 7.2% 1st preferred 100 1st preferred (6%) 100 5% cum 1st preferred 100 Terre Haute Elec 6% pref 100 115 7% preferred B Electric— $3.50 preferred Texas Power Corp common 115 Public Serv of Okla 6% pref—100 com '834 * 1 Texas Hydro 112 49 68 * 107 Consolidated Trac of N J--100 "8" 28 % 11154 334 AW 26 100 Public Serv of Ind $7 prior pref..* $6 preferred * Public Serv Co of N H $6 pref—* $5 preferred * Public Serv Corp of N J * 8% preferred J00 7% preferred 100 6% preferred 100 $5 preferred * J 20 * » preferred Tampa Elec Co... 112 108 1034 Tacony-Palmyra Bridge—" 5% 22 234 81 98 ... 234 17 preferred 148% 41 — 21 2 * 25 Citizens 16 100 7% prior preferred 100 Portland Gas & Coke 7% pref 100 Portland Gas Light 50 Postal Teleg & Cable 7% pref 100 Potomac Edison Co 6% pref.-100 7% preferred 100 Potomac Elec Pow 6% pref—100 534% preferred 100 Power Corp of Canada com * Peoples Water & Gas $6 pref.-100 - 32 32 90 5 Class A ---* 454 Pennsylvania Power $5 pref 11107 102 Pennsylvania Pow & Lt $7 pref_* $6 preferred 9434 —* 86 $5 preferred * 97 Pennsylvania State Water, pref-* 111 Pennsylvania Telep 6% pf—100 76 Pennsylvania Water & Pow * I 27 88 Transit" St Ryl50 Superior Wat Lr, & p0\v 7% oflOO Swiss Amer Elec 5% pref.500 Fes Tacoma Ry & Pow Co * 32 27 44 * com Preferred Suburban Rapid 100 Water.. 1 146 136 3 Warrants B Penn Wpstern Gas & El com i 27 86 2134 122 Class 7 10434 _ $6 cum prior pref Standard Pow & Lt 9 6 96 75 Edison Warrants $5 6 San Antonio Pub Serv 8% pf.100 ——* Common 6 * Plainfield Union Riverside Traction. 8% conv preferred A —-100 Oregon Wasn Water pref * Ottawa Light Heat & Pow—100 Omnibus Corp v t c— 5 T R Phila 4 Bid Par Southwestern G & E 7% pref. 100 Southwestern Lt & Pr com A * Preferred * Springfield City" Water" 6% "pf 100 Springfield Gas & Elec pref.....* Springfield Gas Lt Co 25 Springfd (Mass) St Ry Cos pf 100 Standard Gas & Elec $7 cum prior pref $4 cum preferred 20 2 1034" 10% 3934 Om&na & Council Bluffs Railway . 2 3 15 Public Serv El & G $5 pref 113 100 6% convpriorpreferred 15 25 Rapid Transit St Ry Co—100 5 100 Okla Nat Gas Corp com 12 Pittsburgh Suburban Water— $5.50 preferred 100 6% 10434 6534 1434 1234 4134 * Traction—See 45, 20 50 50 F com Providence Gas Light 11 60 7% preferred 100 Ohio Power 6% pref —.100 Ohio Public Service 5% pref-100 534 % 1st preferred —100 6% preferred ——100 7% preferred --—-100 Ohio Service Holding com 1 6% preferred —6 Ohio Water Service A com * Oklahoma Gas & Elec 7 % preflOO Ohio Elec Power 6% pref & 7 4 Public Elec Light 6% pref 100 Public Serv of Colo 7% pref—100 104 y8 64 . 14 Portland Elec Pow 6% pref 61 42 100 100 100 6% preferred-7% preferred 534 % preferred 3!K 40 PhilaCityPass Ry($2254 pd)-50 Phila & Darby Pass Ry 50 Phil & Gray's Fy ($25 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 ($1734 pd)_50 West Phila Pass guar 50 Phila Suburban Wat 6% pf 100 Phila '52c $4 preferred Northern Indiana Pub Serv— $7 8% Jan. 24 Northeastern Wat & Elec com. Northern N Y Util 7 % 18 86 10 (Del) 34 : North Amer Utility Securities—* North Boston Ltg Prop com——* Preferred —-—100 Texas Hestonville M 434 31 16 8 N Y Water Serv North 110 Preferred 100 334 11 _ 103 Stocks 134 30 Frandf'd & Southwark Pass.50 Germantown Passenger 50 Green & Coates Sts ($15 pd) 50 34% 1854 120 115 NY Railways pref-—-—------* N Y & Richmond Gas 6% PreflOO 1% Philadelphia Rapid Transit 50 7% preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd)_50 Fairm't Pk & Haddington. 50 month preceding the date of Issue As* Bia Par Stock* 14 STOCKS UTILITY possible for the closing day of the Ask 3334 1634 101% 108% -—------- preferred 5% are as near as York Water Co t New stock. 25 97 1.75 1.75 r 105*" 46 80 87 104 100 118 % 4 19 25 Industrial and Miscellaneous Securities include all issues which do not appear Utider the previous three headings, namely "Railroads" "Investing Companies" And "Public Utilities." case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest In the Land,*1 of the heading "Industrial and Miscellaneous Securities" we Uncle* the "Industrial and Miscellaneous." NOTICE—All bond prices are "and Bonds! 1953-J&D / -_--J&D / British Columbia Pulp & 6s assented w w 1st 6s 1950 Gensf 7s 1950 59 53% M&N 4% notes ser F 40 38 25" 84" 82 99% 98% 97 89 109% 109% 1st sf 7s 1955—M&S/ Aluminium Ltd s f deb 5s '48. J&J 105% 106% Amer Aggregates Corp— New 3-6s 1943 ——F&A Amer Color type 6s 1942 F&a & 93 40 _ Amer Dept St s (Pa) 6s 98 / J&D Conv deb 5%s 1949 Amer International Corp— 101 38 40 M&N , Conv 5%s 1949 Amer Lai France & Foamite— J&J 102% 5%% notes 1956 J&D/ Am Lime & Stone 5%s *51—M&S Am Mach & Metals 4s 1943--J&J 39 94 68 Amer Nat Co (Ohio)— Extended 6s stpd 1943 J&J Amer Radiator deb 4 %s '47-M&N Amer Seating 6s stpd 1946---J&J _ 55 106% 100% M&S / 8 Am Silica-Sand 6s 1951 Am Tobacco deb 4s 1951 F&A Debenture 6s 1944 A&O American Type Founders Inc— Conf s f deb 2%-5s 1950— J&J Am Wire Fabrics 1st 7s *42 M&S Amer Writing Paper Conv 6s 1961— 108 90 Co— Income 7s Jan 1 1943—M&S Anaconda Copper Mining Co— Sink tund deo 4%s 33 31 / 103 Anglo-Chilean Cons Nitrate— Sink fund income deb 1967 J&J / Animal Trap 5s Aug 11946 Antiila Sugar Estates— Income deb 6s 1951 (w-s)—J&J / 105% 105% 23% 20 87 s Chateaugay ure f 6s (San Fran) 1942.J&D & Iron— Guar gold 4s 1942---. lst.s f 6s (Los Ang) 1942--J&D A-NY & B-NY Realization J&J Ohesap'ke-Camp Corp 4 %s '47J & J Chic Grain Oorp 3-5s 1952--/ * ~ / 97 97 w —M&S/ 5s. 1955 Arcade Mall Iron 7s 1943—M&N/ 29 28 7 Armour & Co of Delaware— 1st M 20-yr 4s ser B 1955-F&A 1st mtge 4s series O 1957 J&J Arnold Print Works 1st 5s Feb 1 1952— A&O 98 98 98% 98% 58 59 Arundel Bond Corp 2-5s Dec 1 '53 Arundel Deb Corp 3-6s Dec 1 *53Associated Mtge Co 3-6s Dec 1 '53 Atlanta Laundries— 1st lien 4s 1952 J&J Atl Gulf & W Indies SS Lines— Coll tr g 5s Jan 1 1959 J&J 87 55% 54 56" 53 51% Atlantic Ice & Coal 6s 1951-J&D 94 Atlantic Ice Mfg 6s 1945.---F&A 48 Atlantic Refg 3s debs 1953—M&S 104% Atl Sug Rof 1st s f 4s '51—M&N 100 Atlas Imperial Diesel Engine— 6% conv notes 1945—-—M&S 90 Atlas Pipeline Corp 6s 1945-M&N 65 Gen conv 6s 1950 M&N / 20 53" 104% 97 Avery (B F) & Sons 5s w w'47J&D 91 % 93" 85 85% Baldwin Locomotive Works— 1st g 5s 1940-M&N Mtge 6s 1950 M&S Bait Steam Packet 5s 1942—F&A Baragua Sugar Estates— Cum inc deb 6s 1947Barber & Ross 4s 1945 24% 17% 102 103 100% 101% 50 28% (S F) 7s 1944 —M&N Brandram-Henderson 6s *56. J&D British Am Oil deb 4s 1945—M&S Called March 1 at 101. 99% 120% 99% 7% 92" 90 106 70 13 1st 5%s ser O 1946 Consol Cement Oorp— _ jns Laundries Ext ; 101% s f deb Consol Textile 1st 8s 1941—J&D Cum conv Inc 5s 1953 ]\ Consolidation Coal Co— Sink fund 5s July 1 1960— ' ' ll fsH 48 97 105% 97 118 150 106 102 99% 103% 47 . 36 102% 102% 99% 104 5s 1943 with Continental Oil— Conv deb 2%s 1948 J&D Continental Roll & Steel Fdy— 103% ^ 108% 91 & Basis. / This price includes accrued interest, „ 6s 1943 1952 73 90 65 46% 106% 40 53 45 A&O J&J 4% notes 1942 Erie Elec Motors 5s 1941 Ernesto Breda 7s 1954 - 103% J&J A&O 100 15 55 F&A 20 9 20 9 75 Fairbanks Morse & Co— 1st & coll 4%s 1951 J&D Farmers Mfg Co 3 %s 1953—M&S Farmers Nat Mtge Inst 7s '63A&0 Federal Coal 7s 1944— 5s 1969 Federal Screw Wks conv 6 %s '39- 104% 96 100 100 100 12 7 90 ... ^ . 85" *101»« Firestone T & Rub 3 %s '48—A&O 103% 2% 104 100 78 60 104% First Bohemian Glass 47 16"" 14 49 28% 105 1st secured 7s 1957 -J&J / Flour Mills of America Inc— Conv g 6%% notes 1946-A&O Follansbee Bros 5s 1947---— J&D / Forest Lawn 1st s f 6s 1949—J&D Francisco Sugar 6s 1956—.M&N / Franklin Coal Co 7s ws 1949-J&J / Fraser Co 6s Jan 1 1950 .J&J 15 32% 26 99 40 45 98 French Nat Mail SS Lines 6s "52 116 Frlck (H C) Coke 5s to 1944.J&J &3.25% Fruebauf Trailer deb 4 %s'47A&0 Gair (Robt) income notes 6s 1972 Galveston Wharf Co— Ref 5%s series A 1951—.J&D Ref 5%« series B 1954 J&J 1st 5s 1940 A&O 102% 95 48 Garlock Packing 4%s 1946..J&D 98 98 102 99 4%s Dec 15 1947... —J&D Gen Amer Transport 3s 1940.J&J 3% notes 1941-1942 J&J General Bronze deb 6s *40--M&N 100 100% 101 86 mmm — mmmm 101% 103 89 General Cable 98% 108% 93 Corp— 1st mtge 8 f 5%s 1947ser A. J&J 101% Gen Elec (Germany) 7s '45.J&J15 / 45 Deb 6%s 1940 J&D / 50 Deb sf 6s 1948 M&N / 50 Gen Finance conv deb 5s '51-J&D 97 Gen-Motors Acceptance Corp—m 106% 10-year deb 3s 1946 F&A 106% 15-year deb 3%s 1951 F&A 42" n 101% Works— 100 k Last sale, 40 41% Empire Sheet & Tin Plate— 82 Copley Press 5%s 1943.—-F&A 57 55 55 97 102% 51 38 Deb 5s series A 1955 Jan Deb 5s series B 1955 Jan Durham Duplex Razor 6s 1955 Eastern Car Co Ltd 6s 1952.J&J Eastern Cuba Sug 7%s '37-M&S/ 97 68 Deb Dryden Paper 6s 1949 -F&A Dufferin Paving & Stone- Residential Mtge Bank f 6s stamped 1961 M&S Firestone Cotton Mills 5s '48M&8 89 107% 80 107% 92% s 70 114 72 Dow Chem Co deb 3s 1951—J&D Finland 97 60 145 107% 105% Federal Sugar Ref 6s ctf '33 M&N f Filtrol Co of Calif 5s 1946— J&D 66" 27% 103% 15 73 99 Famous players Canadian— 1st & coll 3s 1939 J&D 1st & coll 3%s 1940-1942-J&D Consumers Rock & Gravel- / 100 104 J&J 56 64 Consumers Credit Svc 6s 1962... 60 / 151 / 86 101% 98% Deb 4%« ser A 1951 M&N Dominion Textile 4%s '55— M&S Donnacona Pap 4-4 %s '56..F&A Frick-Reid Supply 6s 1943.-J&D 46 95 99 20-year 4s s f deb 1956 J&D Falstaff Brew deb 5s 1947—J&D io5" 50 101 22 75 69% 99% 103% 13 71 32 90 M&S / European Mtge & Invest— = 1st lien 7%s 1966 ser B—.F&A / 7%s income 1966........ 1st lien 78 1 967 ser O M&S 7i Income 1967-...—..— Everiastik Inc 1st 7s 1937-M&N 63 7% 76 F&A 1950—F&A 6%s 1941 A&O Cum inc 6s 1950— Cum inc 6% notes 90 f 6s Oct 15*60 A&OIS / B if Serial 3 %s 1938-43 A&O Dominion Steel & Coal 6%s 1955 Dominion Tar & Chemical Co— 1st 4s 98 98 J&D „ s Emporium Capwell Corp— 55 50 Income 5s 1970 ,__An Apr Connor Lumb & Land 6s '41 M&N Consol Biscuit 1st 5 %• B *46 M&S / / A.... '50-M&S!/ Empire Properties Oorp 2-3s 1945 115% 80% 51 103% Deep Kwk oil 7s 1937 Detroit Har Term 1st 6s East Temple Corp 6s <w s) 1941Eaton Paper 1st 5%s 1943.M&N Elec Auto-Lite deb 4s 1952.F&A Elk Horn Coal Oorp— Colls f 4s 1956 J&D 103 103 103 1943-F&a 95% 86 Eastern Dairies 6s 1949 M&N Eastern Mfg 7s ser A 1938 J&D/ Eastern Racing Assn 5s 1945 30 101 7s series A & B 1950 Q-F 101 7b series O 1959Q-M 101 7s series D 1956 Q-J 95 6s series AA 1953 Q-F 95 6s series AB 1948 —Q-M 95 6s series AC 1952.. -Q-J Colonial Colliery 6s 1954—M&S / Colo Fuel & Iron s f 6s 64 95% M&S 10-yr 5%% notes 1947 93 40 * 102" Collateral Bankers Tnc— Bethlehem Steel Co— Bowser 81% 76 107 93 65 3 %s series E1966 A&O 15-yr sf conv 3 %• debs'52 A&O Boston Wharf 1st 4s 1941 A&O 105" 27 - Ifi 62 _ 1° 101 93 89 106 99% 88* Series 104% 45 98 J&D Cum inc 5s (w-s) Nov 1 1949Cum inc 58 (ex-stk) Nov 1 1949 Dom Coal 1st 4 %s ser A *52-A&O 101 52 100% 50% Dickey (W 8) Clay Mfg Co— 93 59 L05% Cumberland Ry & Coal— 5s 99 1940 A&O Curtis Cos 6%s A 1947 92 M&N 57 Dalryland inc 1st s f 5s 1946.M&S Danish Prod L'n Fund 5s '40.J&J 100 Davidson Biscuit 5 %s A *45 A&O Davidson-Boutell 5s 1946-.-J&D 97 Davidson Chem 6%S 1937—A&O / 40 De Bardeleben Coal Corp— I 70 73 3%s 1951.J&D Consol Paper Corp— 101"" 105 lstlien&ref5s 1942—M&N Purch money 6s 1998 Q-Feb 77% 11 105% Beneficial Loan Society— Cons M s f 4%s ser D '60—J&J Beth Steel Corp 4%s to 1941 J&J W* 1944 f deb 4s 1950 s Farm Ln 95 1942—F&A 99 Bayway Terminal 6s 1954J&J / 24% Bedforu Pulp & Paper 6%s 1942101 Beech Creek O & V 5s 1944—J&D 95 1956— Q-J 87% Tobacco 6s 6s extended 1938 Deutsche Rentenbank— 102 101 89 - 87 Detroit Times deb 6s to '43.M&S Deutsche Bank (Berlin)— Chilean Nitrate & Iodine Sales 88 Bessemer Limestone & Cement— 6s 1955 J&J Bethlehem Fdy & Ma 5s*44 A&O 87 25 99% 73% 47 45 Bates Valve Bag 6s 6s profit share deb " 110 Corp inc 5s 1968 J&D / Cities Service Asphalt 5s 52. A&O City Ice (Kansas) 6s 1940...A&O City Savings Bank of Budapest 7s 1953— ...F&A f Clearfield Bit Coal 4s 1940- -J&J Consol Oil v J&J / J&D 45 - 93 70 25 Auburn Automobile— Conv deb 4%s 1939.——-J&J / Autocar Co 7s ext 19474.--M&N Without warrants—.. Chicago Produce District— 1st cum inc 5s (w-s) '48— Chicago Stk Yards 5s 1961-A&0 Ohilds Co deb 5s 1943 A&O Cleve-Cliffs Iron 4%s 1950.M&N Cleve Tractor conv 5s 1945.M&N 42 nH 38% 51% 100% 15 13% Anthony (E C)— 1st 15-yr deb 5s with warr '50M&1. Cassco Oorp Inc 6s 1949 M&S Oelotex Oorp— Debenture 4 %s w w 1947.F&A Central Foundry Co— 1st mtge 6s 1941 M&S Gen mtge 5s 1941 M&S Central Ry Term & Cold Storage 6%s 1952A&O Central Steel 1st 8s 1941 ..M&N Certain-teed Prod 5 %s 1948 M&S Cespedes Sugar 7 %s 1939 M&S / Champion Pap Corp 6s '45--F&A Champion Paper & Fibre Co— fnlH _ 1950--A&O 9f* Carriers & General Oorp— 105% 51" _ ■,%* 110 119 Ann Apr / Ames-Hold en Tire & Rubber— s Campbell River Timb 6s '41-J&J 107 Canada Bread 6s 1941 F&A 104 102% Can Cement 1st 4 %8 serA'51 M&N / 75 Canada SS L 6s '41 ser A A&O 80% 1st & gen 5s 1957 101% J&J 100% Canadian Bakeries 6%s '45-M&S 103 Canadian Canners Ltd 4s'51M&N r 101 Canadian Internat Paper— 99 42 1st M 6s 1949 J&J Canadian Nat Steamships— 119 73" 25-yr guar 5s 1955 M&S 98% Canadian Vickers 6s Aug 1 194765 Caribbean Sugar 7s stpd '41-F&A ' 106% Carlisle Lumber 6s 1945 90 101% Carrier Corp conv 4%s 1948 A&< 101% 104% Burmeister & Wain (Copenhagen) f extl 6s 1940 --J&J f 110 34 Burns Bros deb 5s A 1961—M&S 49 Burns & Co Ltd 1st s f 5s 1958 J&J 47 Income 5s 1958 —-Ann, Apr 68 Bush Term 1st 4s 1952 A&O Cons g 5s Jan 1955. J&J / 37% / 49 Bldg 1st 5s stamped 1960-A&O 65 Butterlck Co 6% notes '39—A&O 40 Byers Machine 3-6s 1946 70 Byrndum Corp ext to Jan 15 1942 23 Calaveras Timber 1st 6s '38-M&N / Calif Cooperative Creamery— 100 1st s f 8s 1948 A&O 99 Deb s f guar 1943-—A&O 65 Calif Cotton Mills 1st 6s *40-J&J 101% Calif Group Corp 5%s 1956 M&N Oamaguey Sugar— 7s Certificates of deposit-1942 ' O-F Cudahy Packing 3%s A '55.M&S Conv M&N 1946 90 86" 101% 103% '48 15-yr 4s b f Nov 1 19.50--M&N 10-yr s f deb 4%s 1948 J&J Crucible Steel 4%s A 1948—F&A Cuban 82 89 85 85 102 F&A Conv s f 5s 1950 Amer Ice Co deo 5s 1953 Amer I G Chem Corp— 100 l00 '48—J&D Amer Dept St's (Del) 6S '47. J&D Am Fruit Growers ett 7s'43-F&A 88" 81 81 1948— J&J Budd (E G) Mfg 6s ext 1941-F&A 1st series B w w 4 105 Crown Cork & Seal Co Inc— 106% Bullock's Inc (Los Angeles)— 4% notes ser C-E to 1941-M&N 1948—A&O Algoma Steel Corp Ltd— Conv 5s ser A 1948——M&N Allied Sfs Corp deb 4 %s *50-A&< > Debenture 4 %s 1951 F&A Allis-Chalmer8 s f deb 4s '52.M&S Alpine Montan Steel Corp— 95 '45-M&N Bryant Paper 6s A 1942 35 100 Crowley Milner 5%s 1946--M&N Bruck Silk M Ltd 6 %s 38 Sinking fund deb 5s 1946-F&A Credit Service deb 6s 38 98 104% 33 16" 41% 1950 ser R Ask Creameries of America— 36 Brown Pap Co ext 4%s '41-A&O Brown Shoe Oo3%s 1950---F&A 32 6s 1955 Alberta Pacific"Grain 6s 1946 J&J 73 94 40 104 90 85 Bid Cosgrove Meehan Coal 6%s 1945. f 3 Crane Co 3%s s f deb 1951-J&D 104% .M&S / 1st 5%s 104% Bonds Ask Paper— M&N M&N Brown Coal Indus 6 %s *53--A&O f Brown Co 1st 5%s 1946 A&O / 15-yr Albany Perf Wrapping Corp— 1st M coll tr 6s 1948. A&O Bid Bonds Ask Bid INDUSTRIAL AND MISCELLANEOUS BONDS Abitibi Power & Paper— 1st M 5s 1953 ser A J&D / 57 % Certificates of deposit / 52 % ACadia Sugar Ref 4%s 1955.A&O 102 Adams Exp coli tr g 4s 1948- M&S 103% Coll tr g 4s 1947 J&D 103% 4 %s stamped 1946—-—F&A 103% Advance liag & Paper 6s *52. J&D 87 Ex scrip 80 Aeolian Co 6s 1944--J&J 95 Akron Times-lTess 1st 6s *45 A&O Alabama By-Prod 6s 1955.—J&J 77 Alabama Mills 6s (whs) Without stock Interest" except where marked "f" and Income and defaulted bonds Nominal, r Canadian price. 102 55 61 53 100 106% INDUSTRIAL 82 MISCELLANEOUS BONDS & NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted Quotations for all securities are as near as possible for the closing day of the month preceding the date of Bid Gen Plastics 1st s f 1948--A&O 5s Gen Rayon deb 0s iy48 w w.J&L Gen StlCast 1st 5%s '49 w w.J&J f Steel Wares— 4%sser A 1952 Gen lheat Eq Ueb bs Gen A&O, 1940.Aa.uI/ 6s 1950.M&N Georgia Marble ls«. German Atlantic Cable 7s 1945 German Bldg & L'd Bk 6%s 1948 / Glen Alden Coal M s f 4s 65 M&S T I. Tl - ■ " - e\r- r- * Industrial Loan 6s 1955 J&J Globe Wernicke 6s Oct 1 44-J&J Gobel (Adolf) Inc— Conv deb 4%s ser A 1941 -M&S Godchaux Sug 1st s f 5s 47.M&N Good Hope St & Ir Wks (Germ y) S f g 7s Oct 15 1945---A&O 15 Goodrich (B F) Deb g 61945 J&D 1st mtge 4%s 1956------J&D Gordon Baking Co (Mich) Globe 5s series 72 59% 77 60 Ohio Riv. ser 6s Dec 1 '48-F&A 98 99 notes lones & 17 68% 68% a n 52 48 64 40 100 " 100% 100% 100 102 102 92% 85% 100 43-F&A Granby Consol Min & Sm 5s 1942 Grand Rapids Motor Coach— 92 Co 1st 6s 60 1962——-M&S Operating Cori>—• 1942 J&J 43 Graham Paige Cum income Grand Rapids 6s extended 7s %unk Ry Term 1st 6%s 6 Cold Stor Granite City 1952-A&O 1/ Generating— Iron— 1943--------M&S Knight 4%s 51—J&D Cum inc 5s Great Lakes Paper Co 21% 70 A&° 5s, 1963 Granite City Pig Graton & 60 F&A 5s 1949 Equipt Co deb Grand 94"" 96% Stores Grand Rapids / . 72 44 lOO" 98 Ltd s 84 82 74 92 f 5s 1950. -J&J Laughlin Stbel— 95% 96 55 1st mtge 4las ser A 1961--M&S Journal of Comm 6%s '47 J&J Kansas Pipe Line & Gas— 1st 5s series A w w 1952—J&J Karstadt (Rudolph) Inc— 65 93 76 Molybdenum Corp of Amer— 6% notes 1942.. .J&D 84 88 Monun Coal—See Chic §8* 23 96 90 76 Certificates of deposit Nassau (Ger) Landbank 6 %s 193<* / Nat'l Acme 4 %s exp to '46_.J&D / . 101% 99% 68" 102% 1st s f 5s ser A Gen sinking Ovens— 1955---- —M&N fund 6s 1956 100 99 98 A& Hamilton Cotton 4%s 1950-F&A Hamilton Mfg 5s w w 1951—M&S 3-6s 1947--A&O 99% 13% 50 / 25 88" 86 mtge income 1975 J&D / Lawrence Portland Cement Co— 22% 98% 1st HaiSfs »YlP946-P.T-r-hCr:_.J&J/ 105 Hearst Publica 6 %s to Oct 1938--.—!/ 1947 M&N 77 80 5%s 1942 A&O Layne & Bowler 3-6%s Dec 1947Lehigh O & Nav fund 4s '48 J&J Cons s f g 4%s 1954 J&J Cons s f 4%s 1954 ser C-.J&J Lehigh Valley Coal— 1st & ref 5s 1944 F&A 1st & ref 5s 1954 -F&A 1st & ref 5s 1964 F&A 1st & ref 5s 1974-. F&A Secured 6s class A ext 1943.J&J Leonard Tietz—See Tietz Leipzig Trade Fair 7s 1953-M&N 1/ Heller (Walter E) 4s ww Helvetia Coal Mm 1st 5s 94% 97 Deb g Harris-Seybold-Potter— Conv s f deb 5s Hart Coal inc 6s 1945 -- — / Hatfield-Campbell Creek Coal— 1st 6%s 1948 — M&S 46-A&0 22 90 16% 14% 52 80 48 51 72% 74 48 100 1939—A&O 100 99 A&O A&O A&O 1st 3%s 1942 98% 96% 1st 4s 1947— Home Serv Corp 6s 1957 A&O (Portland, Ore)— 1st coll 3-5s 1950 A&O If Housing & Realty Improv— 99% 97% 88 1st 3%s 1941 89 82 Home Service 7s 1946 M&N 1/ - 28% 25% 18 Houston Oil Co of Texas— 99" 25% 68 1946 J&J 2d mtge inc 6s Feb 1956------ f Hungarian Central Mutual Credit Mfg 7s 1937---.---J&J f Hungarian Disc & Exch Bank— 35-yr s f 7s 1963 ------J&J / Hungarian-Italian Bank Ltd— Sinking fund 7%s 1963—A&O / Hygrade Food I*roducts Corp— 1st & ref 6s Jan 1949 A—A&O 34 68 15 7 7 62 1st & coll 4%s A 1949 McCoid Rad & Mfg— Deb 6s 1943 with warr 1939 105% Jan. 94" 94 98 98 - 91% , 48 48 128% 123% 68% 51" 51 51 128% 124% 70% 40 28% 80 43 101% 98% 101 67% 88 90 106% 80 106% McKesson & Robbins inc— 62% 63% 103% 103% Medusa Portland Cement— 1st conv 4-5 %8 to 1945...A&O 17% 19 108% 109 Mtge 3-6® A '54..J&J 80" conv 1954 100% 94% t!lH A&O J&J M&N t Called Jan. 20 at 100. b Basis, 62 63 72% Jan. 27 72% 65 70 48 93 6%s 1943 5.25 5.25 5.25 5.25 M&S M&S 1/ Income 6%s 1953 20-yr New North 90 95 28 30 42 M&N f M&N s f 6s 1947 6-4% 1947.. Western 4.50% 4.50% 4.50% 4.50% 90 Nor Amer Refract 6%s 1944-J&J North German Lloyd— 99 58 62 Refrigerator Line Equip trust 4s ser I Jan 1 *40-'43 Equip tr 4s ser J 1939-46.J&D Eq tr 3%s ser K 1939-48-.A&O Northern Eler & Nor Pap Mills— 1st 4s 1940-47 3.90 3.90 3.90 M&N 3.00% 3.00% 3.00% 92 93 M&N 93 95 M&N 1st mtge 5s to 1948 Debenture 6s 1943 80 82 7% 85% 86% Redwood Lumber— 6s 1937 J&D / N'westPub'® Deb 4%® 1948. J&J 96% 90 Wire Co— 1st mtge s f 5%s w w 1945.F&A 5%s without warr 1945. F&A Nor western Term Co 5s '48..J&D Nova Scotia S & C 5s 1959..J&J 6s perpetual stock J&J 1st conv s f 3%s 1963 J&J O'Oonnor Moffat deb 6s '38 F&A O'Gara Coal 5s '55 op aft'08 M&S 55 65" / / f 32" 92 f 45 77 12 5 f f 30 f 32 f 50 21 35 97 98 60 120 119 22% 27 7 32 94% 35" 50 94 96" 78 79 75 80 Without warrants f 4%s A 1962—.J&J Oxford Miami Paper 6s 1947-F&A Otis Steel s '43-M&N f Cement 6s A1942.J&D 34% Pac Coast 80 '37-M&S f 82" 55% % "2% 41 42 41 42 Co (of Calif)— 1940—-J&D15 f Certificates of deposit 65" 15" 98% 21 Corp 6s (w ®) 1948 Inc deb 7%s (w s) Aug 1 1953. Oregon-Am Lumber 6s 1942.A&O Oregon Pulp & Paper 6%s to Apr 30 *37, 6% to 1945.—M&N Oreg Terminals inc 5s 1945 A&O Orono Pulp & Paper 6s stamped 1943 ...J&J Osgood Co deb g 6s 1943 J&D Oswego FallsCorp 4 %s 1952.M&S Pacific Coast Co 5s 1946 62 m 80 Old Ben Coal Pan-Amer Industrial 7s 45 tm 35 Pacific Atlantic SS 2-5s 97% — 30 79% Ohio Leather conv deb 5s '46. J&J 1st conv s f 6s 1st 6s series A 1945 75 69 Equip trust 4%® Aug 1 *39-'46Equip trust 4%s Nov 25 '39-'43 Equipt tr 4%s 1939-47 J&D15 Equip trust 5 %s iSept 1 '39-'44 North Amer Cement Corp— Deb 6%s A with warr '40-M&S Pan Amer Petrol 1st 6s series B 1948 50 51% North Amer Our— 90 48% 51% 30 99 J&D J&D k Deb 4s 1941 J&J Nivelle Corp 4s 1952 M&N Nordberg Mfg Co 1st 6s 1943M&S 85 A&O Minnesota & Ontario Paper Co— 1st 6s series A 1935... A&O 13 55 49 Partic deb 2d mtge 7s 1946 J&D N Y World's Fair 1939— 88 90 7% gold notes 1935 50% / Shipbuilding 1st 5s '46.M&N Trap Rock Corp— 1st mtges f 6s 1946 6s stamped w w 1946 97 82 Miller & Lux Inc 1st M 6s '45A&0 91 lOO" New York 40 Miller & Hart Inc. deb 6s '43. J&J 91 87 Extended at 5% to 1913.. -J&J / Messer Oil 1st & ref 6s 1942..J&J 98% 98% 92% 87 LE&WC & KR— ^ Conv s f deb 6s 1947 J&J Metropolitan Ice 7® 1954—J&J Metropol Persons Loan 7s w-a '57Miag Mill Mach'y 7s 1956--J&D Middle States Petrol 6%s 1945 55 30 A&O 1 M&S Messenger Corp deb 4%s '51 J&J 51% 96 A&O / Corp—m 5% conv deb 1947 M&S Mersey Paper Ltd 5s 1957--J&D Gen s f 6s ser A 1949 90 J&J Dock Co—1st g 4s '61-F&A Northwestern Barb 88" lOO" 100% 72" 103% Northern stamped 1948 F&A McCormicks, Ltd, 4s 1952...J&J McCrory Stores Corp— 5s s f deb 1951 M&N 1st 6s series C 1950 Called July 17 at 105. 48 60 5-yr 6% note *1931 M&S Missionary Sisters (Waukegan, 111) 1st ref 3%-4s 1951—-A&O * 110 100% 20 42 Merchants Distilling 102 Internat Pow & Pap of Nfld— 102% 1st M 5s 1968 --J&J 101% 1st 4%s 1968 J&J Internat Salt g 5s 1951 opt. _A&O *k 108% Jan. / 99" 101 F&A Appeal 4%s 1952 M&S Mengel Co conv 4%s 1947--M&S Mercantile Stores deb 5s 1947 J&J 84 80% A.. J&J 2-5s Jan 1 *55 50 Memphis Commercial— 109 Paper— Interstate Deb Corp 128% 20-yr conv deb 5 %s 1950-M&N Internat 1st & ref s r 5s 1947 ser 128 Mead (The) Corp— 1st M 6s 1945 with warr.-M&N 93% 108% 1st & rer s r 5s ser B 1947--J&J Ref mtge 6s 1955 ser A—M&S A&O 6s 65 92 Agricultural Corp— 101% 1st & colT tr s f 5s 1942—M&N International Match Corp— 5 Deb s f 5s 1947 M&N / f 13 K Certificates of deposit Conv deb 5s 1941 J&J15 Certificates of deposit. f 13% Internat Mercantile Marine 50% 1st M coll trust 6s 1941-.A&0 25 "5" 5i* International 129% 130" McColl Fronteuac Oil— 62% 61 Illinois Steel deb 4%s Indus Rayon 4%s A 1948—-J&J Inland St'13%sser D 1961--F&A Interlake Iron Corp— Conv debs f 4s 1947--.- A&O 73 40 1st 4=s 1954 M&S McCloud River Lumb 5s '48 J&J 7 60 Industrial Acceptance 4s 1952 J&J 104 105 Mansfield Min & 10 49% 16 1st s f 4s Feb 11957 Manhattan Refrig 5%s 60 J&J 86% J&D 104% 1940—A&O Useder Steel rutge 6s 1948—-F&A fk 32 108 Independent Brewing 6s 55-J&J 100 Indian Refining 5s Dec 1 1941--63 lndiana Ice & Fuel 6%s '47-M&N r Ind Limestone inc 6s 1952--M&N Prior lien s f 6s 1942 M&N Indianapolis Motor Speedway—• 70 1st extended 6%s 1946---F&A 6s 1949 series B Ice Service 1st 6%s 22 * M&N 78 1941-J&J Smelting— 7s without warrants 1941-M&N f 20 Maple Leaf Milling— 5 %b to 1949 J&D f 42 Marine Elev (Buff) ext 5a '52M&S f 12 Marion St'm Shovel 6s '47—A&O 82% Massey-Harris Co 5s 1947--A&O d 101 32 S f 1st mtge 73 28% 101% f 4s 1965.._J&D deb 6s w w '42F& A s N Y 17% 15% 29% V 102 j&D 1st 6s ext 5%% 1942 M&N / NYLE&W Dock & Impt— 25 97 55 105% 68 Serial 5% notes 1938 Certificate® of deposit N 20 99% 108% 104% 105% 58% 104 3% 3% 88 105 Conv 5% notes 1947 60 Libby McNeil &Libb 5s *42.A&O Liberty Baking 6%s 1944—M&S Liggett & Myers g 7s 1944.-A&O Gold bonds 5s 1951 F&A Lincoln-Boyle Ice 6s 1947—A&O Lindsay Nunn Pub 6s 1944—M&S Lion Oil 4 %s 1952 A&O Liquid Carbonic conv 4s '47-J&D Loew's Inc deb s f 3 %s 1946-F&A Logan County Coal 7s 1942-M&N Long Bell Lumb 6s sei A'42.J&J 6s series B 1943 A&O 6s series O 1946 —F&A Loiillard (P) Co g 7s 1944--A&0 5s, 1951 F&A Lukens Steel 5s extend 1955 M&N Manati Sugar 1st 7%s '42..A&0 Ceitifioates of deposit N Y 99 94 103 102 101% 10-yr sec s f 5%s 1940---M&^ Hudson Coal 1st 5s 1962 A-.J&D Hud Riv Day Line-— 86 52 New Eng Laundries 5s 1956.J&J New Niquero Sug3%s 1940..J&J Newport Industries— Subord notes 5s A 1947..J&J Subord notes 5s 1947.. J&J 86 J&J 4s coll trust conv 1947 65 4%-6%s 1st mtge 1944—A&O Line 6s !47--M&N 1940 18 87 66 78 Holland-Amer 1st 2 %s 93% 90 58 A&O Heywood-Wakofield 5s 1946 J&D Hightstown Rug 6%s w w 1944— Hines Land & Timber 6s 48-. J&J Hoe (R) & Co 5-7s 1944 W8..A&O Holly Sugar Corp 2s 35 92 1951--—A&O Haytian Corp inc 8s 95 3 2% 20% 102 Steel Corp— 2-5s series B Le Tourneau Foundation— Steamship Lines 10-yr 6s 1939 w w A&O Harpen Mining Corp— . 1 6s with warr for Am shs—J&J|/ Hansa National Natl Tool 30 96 36 104% Corp Cum income deb 5s 1946-.M&S / Nat Union An Apr 98 35% 88% !»&N Gypsum 4%s debs 1950 M&N 1st coll mtge Lautaro Nitrate Co— 99 Ham'd Standish Debenture 5s 1961 97 National Radiator 90 Lake Superior Corporation— 1st & coll tr gold 5s 1944.. J&D Lane Bryant Inc deb6s'40wwM&N — 24 Nat Industrial Loan 7s 1957 Nat Oil Prodjdeb 4s 1952 80 100% 100% 1947—-M&N — 95 100 Lake Erie Bolt & Nut— Co— (F W) Printing Hall — 90 Nat 30 1st & coll 6s stmp Hamilton By-Prod Coke «• 64% Cum conv Inc 5s 1952 22 M&N Natl Food Products Corp— 6s series A with stock 1944 M&N / 37 Without stock M&N / 38 Natl Grocers Ltd 4s 1947...A&O 100 118 J&J N 62^ 25 10-yr deb 4%s May 1 '45-M&N National Fire Proofing Co— 1st M conv 5%s A 1946.M&N 104% 28 1946 66 27 Nationnl Distillers Products— 101 114 5-6s April 1 77 25 Natl Debenture Corp 3-6s 1953.. Lackawanna Steel bs J 950--M&S Lake St John Power & Paper— 1st 5%s 1961 J&J 98 / Nat Dairy Prod3%s w w'5l La France Textile 1st 6s '42-J&D 101 88 67 if Natl Consol Bond Corp 2-5s 19531 Nat Container deb 5%s '52-A&O 94% 14 86 90 (Central Funding series 54" 100 102 Mtge Bond Co (Md) 2-5s Dec 1 '53 Mortbon Corp— Coll A 2 %-5s ser 1 1941 ..J&D Coil B 2%-5s ser 2 1946 ..J&D Call C 2%-5s ser 3 1951 ..J&D Coll D 2 %-5s ser 4 1956 .-J&D Mosinee Pap Mills 1st 5s '51 A&O Motor Transit inc 6%s 1952.J&J / Munising Pap 6s A &B 1943.A&0 Munson Steamship Line— Secured 6s 1937 J&J / Deb 6%s Jan. 1 1937 A&O / Series B & O Series A & D 93% Gypsum Lime & Alabast Hale^& IHlburn 6s" 39 stmp—J&D L Ry. 95 Nat Bondholders partic ctfs 50% 15 & , 1961-A&O Steel 4 %s Ind Mining 6s *47..F&A Montreal Cotton deb 5s '43-M&N Morris Plan sec 6s x-w 1947.M&S _ .M&N Ctfs of dep w w stpd 1943— bs stamped (par $925) 1943 bs with warr (par $925) 1943-. Keith (B F) Corp 6s 1946---M&S 94% 85 Kelsey Hayes YVh'l 1st bs '48. J&J 73 15-yr conv deb 6s 1948 J&J Kentucky Rock Asphalt— 3%-6%s 1945 J&D / 40 Kentucky Securities coll 5» 194095" Keokee Cons Coke 5s 1959--J&J 99 Keyes Fibre 1st 6s '38-'39 M&N 80 1st 6s 1940-1949 M&N Keystone Steel & Wire— 100% 3% botes 1939-1941 M&N 101% 4% notes 1942-1945 M&N 65 A&O Kings Co Refrig 6s 1942 99% Kingsport Press 6%s 1939--F&A 100 Kingston Elevator 1st 6s '50 M&N 96 Kinney (G R) ext 5 %s 1941-J&D 100 Kirby Lumber 1st 4s 1947-J&J 16 65 Koehring Co (Milw) 3-5s '45-J&J 16 Koholyt Corp 6%s 1943 M&S 102 Koppers Co 4s 1951 M&N Kresge Foundation— 103% 10-year coll tr 4s 1945 J&J 3 %c coil trust notes 1947-F&A 99% Kreuger & Toll— 11% 5s uniform ctfs of dep 1959 1st ® f 5s 1955 vVoVmq Grigsby-Grunow conv 6s 36 M&S Groc St's ITod conv 6s 1945.J&D Gulf States Ask 72 Monroe Coal 70 1st 6s 1943 with Am shs. „ Gould 77" 1942 J&D L) 5%% dividend J&D 1942.. Indiana Co 1st „ 1946------M&S Manufacturing 6s 42.A&O 20 8% Jeifersou & Clearfield Goal & lion 85 40 58 5 f deb 5s w w 15 I<ona Kraschiiu is Jacobs (F 14 Bid Bonds Ask Mohawk Rubber ext 5a 1948 A&O Iron City-Ohio River Corp— Iron City ser 6s Dec 1 '48-F&A 103 Gordon-Pagel 6s 1940-1944--J&D Gotham Silk Hosiery— Bid Bonds 123 92 1945-60-..---£&« B Ask 115 Bonds bonds issue Pan Amer Petroleum & f Transpfc— 7-yr div note® 3%s 1943--J&D 7-yr div notes 3%s 1944..J&D Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952—M&S Paramount Pictures 6s 1955.J&J Conv deb 3%s 1947 M&S Transportation Co— S f conv deb bs 1944 A&O Paton Mfg Ltd 1st 4%s '50.M&S Pea body Coal Co (Oonsol Co)— 1sts f 5s 1953 ser A—...M&N 96 96 105 100% lOl" 84 85% 43 45% Parmelee 32 35% 35% 35% 9 98% 36 36 100 84% 85% 10% 100 d Called March 1 at 101. / This price includes accrued interest, k Last sale, n Nominal. INDUSTRIAL & Feb., 1939] MISCELLANEOUS BONDS 83 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 precederig the date of Issue Bonds Bid Penn Amer Goal 6s 1941-56.-J&J Penn Mercantile Properties— Secured s f 3-4s 1961 J&J Ask 90 Bonds / 42% f 6s 1941 m s ser 96 105% 104% — 106 78 (/ M& S 6% notes w w 1938 Phelps Dodge 3 Ms 1952 28 M&S J&D 1943 8 Phlla & Head C & I 5s 1973.. J&J Onnv deb 6s 1949 .M&S Phillips Elec Works 5s 1953.F&a Phillips Petr 3s conv deb '48.M&S Phoenix Silk Mfg 7s 1943 1957 op f deb 4s 1946 81" U S Steel 95 97 86 89% 103 M 97 100% 102% Smith & Wesson 5Ms 1948-_J<S 1 55 Socony-Vacuum Oil 3 Ms '50. A& > 107% South Coast Corp— Gen mtge inc 6s April 1950--. / 80% 42 ) 40 > 83 96 98 52 M / Kraft Corp— 1st leasehold 4 Ms 1946—JI Southern New England Ice- 94 91% 56 40 43 85 Dairy 100 J 1 )/ 16 100 98 41 74 102M ■/ r 14 95 28% 30 W Va 80" 75 / 13 (Hugo) Corp— >/ if 98% 106% 97 M 100% 40" 101 96 20 35 10 15 1st 7s 1942 ctfs of dep 44 F&A / 10% Riordon Pulp & Paper Ltd— 1st 6s June 30 1942...J&D30 103 River Raisin Pap 1st 6s '45.-F&A 98 Roberts & Oake (Chi) 6s '44.M&N Roch & Pitts C & I 5s 1946-M&N 95 24 M Rocky Mtn Fuel 5s 1943 A&O Rolland Pap 1st 5Ms A '48..J&D 101M Rolls Royce of Amer 7s 1937 M&S Roman Catholic Church 6 Ms J946 — - Term 30 105M 105% 101 94 97 16% 56% i03% 17% 58% 48" 45 M&S Ticonderoga Pulp & Paper 6s 1940 65 6s 18" 15% 15 coup on) Guars f 6Ms 1946ser B—A&O / _ 18 29 .. 28 — — — 32 90 Schulze Baking 1st 6s '45---M&S 89 Scott Paper deb 3M« 1952—M&S 113 115 Scovill Mfg Co 5Ms 1945...J&J Scripps (E W) deb 5Ms 1943 F&A Scullin Steel 1st 6s 1941A&O 1st conv 3-6s 1951--A&O 107% 102% 102% 81 - 60% 105. M&S - - 62 b Basis. - May 1 1942 ser A 15-yr 3 Ms deb 1952 J&J United United United United 1952 A&O Corps Ltd inc 5s 1953 F&A Elec Coal Cos inc 7s 1940Drugs 5a 1953 M&S15 Grain Growers Ltd— 5s series A 1948 ..J&J 5 Ms series B 1949 M&N /This price includes 102% 18 87 M 9 102 96% 102% 96% 101 70 1 st. M s f 4s ser C 1961—M&N Conv 4s debs 1948 74% EXCHANGE M&S 54 103 93 92 94 104% 105 108% 91 96 80 104% 98 84 107 105% 107% 6,000 2,400 8,750 3,000 SEATS No. 96 50 M 91 A&O Debenture 6s 1943 J&D oungstown Sheet & Tube— 107% 1% % 71% Last Sale 100 100 450 344 107" _ • Y Curb Exch — 8.000 _ -75 550 2,700 12.000 971 76 139 30 "750 "800 900 400 4,000 3,500 2,000 2,000 2,500 1,600 80O 4,000 2,100 3,500 500 .549 356 60 55 41 800 45% 47 66 650 49 52 66 213 4,000 75 3,500 750 350 1,000 177 523 115% 108 Union Rock 1st 6s s f 1947..M&S / 26 Union Term Coal Stor 6s '39-F&A 80 United Amusement Corp— lsts f 5sser A1956 F&A 97 United Biscuit deb 5s '50 A&O 109% United Cigar-Whelan Stores— S f 5s Oct 1 96 94 100 F&A 101% J&D 55 Union Oil Co of California— 95 110 .—M&S ork Ice Mach 6s 1947 Tide Water Assoc Oil 3%* "52&Jt 106% Tietz (Leonard) 7Ms x-w *46. J& / 20 Tilden Lumb & Mills 6 %s'46M&S / 22% Tlvoli Brewing conv 5s 1947 65 Tomahawk Kraft Paper— 1st 5s (with stk) 1951 Trask Timber 1st 3s 1944—J&D / 101M 14 Poodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962. .Ann Apr Poodward & Tier nan Print— 6s 1942 J&J 70 107 / 56 14 101 13" 11 J&J 103 85 47" 1st s f 5Ms ser A 1951 Conv 6s 4th stamp 1950 Unified Deben Corp5s 1955 Union Compress & Warehouse— 17 17 20 126 103 Warehouse 2d 5s '42..J&J Ulen & Co— 78% .. 107% 80 125 1951. Thermoid Co 5s w w 1951 Three Rivers Grain & Elevat— &3.25% Saltex Looms lnc 6s 1954--_A&() Saratoga Victory Mills— 6 Ms with warrants 1943—J&J Saxon Pub Wks (Germany)— 1st extl s f 7s 1945 _.F&A Gen & ref 6Ms 1951 .M&N 6% notes 1937. J&J Sayre & Fisher Brick 6s 1947.J&J Schoenstadt (H) & Son 6s 1950 5s — f deb *47-J&D 1st 5s *39.. F&A / RR Texas Corp deb 3 Ms 1951—J&D Texas Sugar Ref 1st 6s *44.-F&A 18 s St Clair Furnace St Louis Amuse't 1st 6s '45-A&O St Louis Gas & Coke Oori>— & 54 50 1st 3s to 1941 J&J 3 Ms series A 1942-1945—J&J 48 series A 1946-1947——J&J 4 Ms series A 1952 J&J Copper & Chemical— / 94 Safeway Stores 4s Joseph Stock Yds 5s '40.. F&A Coal 6 107 13 6 M s w w 1944 Poods Mfg Co Ltd 95 26 16 89 25 101 Tenn ,90 90 Poodland Farm Dairy— 3 107% — Tenn - 65 20 Rueping (F) Leather 6s '40.-A&O Swift & Co 3 %s 1950. ) Taggart Bros Co 6s 1944 Taylor-Warton Iron & SteelColl inc 7 Ms July 1 1958— 1.100% 88 86 M 97 13 Pood (Alan) Ir & St 6s 1944. A&O 24 M 16% 39% 'ft4 / 5Ms 1943 65 / 38 98 M r — Pjsc Lime & Cement 6s '38.A&0 Susquehanna Silk Mills- 1I6" Rima Steel Corp 1st s f 7s '55 / 27."*" Pitherbee Sherman Inc— Sunray Oil Corp— 52 - Extend Income 6s 1963—M&N 1st M serial 6s 1932-1942 105 Ruhr Chemical 6s 1948 A&O Ruhr Housing 6 Ms 1958— J&J 2% 3 / Sugar Pine Lumber Co— 104% RomCath Church Welfare 7s 1946 79% Sugar Estates of Oriente— 5 35 106% Pulp & Paper 4 Ms '52 J&D Wilson & Co 4s ser A 1955—J&J Conv debs 3 Ms 1947 A&O Pinslow Bros & Smith— 75 78% 72 40. 101% 72 / / 93 25 M&s!/ 1941 Secured 6s 1945 45" 80 65%- Pr lien & coll 7s Jan 1935.M&N Certificates of deposit / 5-year 7s ser A 1930 J&J / 62"' 100% Struthers Wells Titusville— 42% 6s — Straw bridge & Clothier— 94 102 f deb Certificates of deposit 59 45* ~ 70'" White Sewing Machine— Deb 6s 1940-. M&N Wickw Spencer Steel 7s '35.-J&J (Hugo) Industries— 91 94 91M 106 M 95 M 80 68 38 Stinnes 90 M 60 48 r/ 1/ 101% 99 M io$%r 92 Weyenberg Shoe Mfg— Debenture 4Mb 1945 ..J&D Wheeling Steel Corp— 1st M s f 4Ms ser A 1966.-F&A Whitaker Paper 7s 1942 M&N 97 Stinnes s Western Newspaper Union— Conv deb 6s 1944 F&A Western Steel Products— Gen s f 5s Jan 311956 Q Feb 106% f 1947.. s 95" 92 1940— os 95 5Ms notes 1937 M&S/ Warren (S D) Co— 1st mtge s f 4 Ms 1952 M&N Conv deb 4 Ms 1952 M&N Webster C&C 1st g 5s *42 op M&S West Disinfecting 6s 1940--J&J West Tndiec Rusrar 6s 1047._A&O West Va Pgh Coal 6s 1947 18 92 Thompson Pap 6 Conv Stillwater Worsted Mills— 100 % -----M&S Stevens & 41 Warren Bros Co— 80% 60 98 Richmond Cedar Works 6s 1953 40 Richmond Hos Mills 7s '38..F&A / 48 Richmond (Va) Ice 6 Ms '42.A&O / 23% Richmond Radiator 5s 1948 M&N 105 70 members. 16 Steel Co of Can 73 42 98 Warner-Quinlan Co 6s 1939.M&S / Warner Sugar Corp 7s 1939.J&J / 104" 103% Stanley Crandall 6s 1946. Stanly-Rowl-Clark 6s 1946. Starrett CorporationSecured cum inc 3-5s Apr 93 J&J / to 105% 103% 102% 103% ) 1946 J&J / Rhine-Main-Danubo 7s '50 M&S Rhode Island Ice 5s w-a '51 --F&A / Richardson & Boynton Co 100 103% 102% 102% 102% 102% 1/ 100 Union 7s at 105 r r r r 1945. 1946. Stern Brothers 6s 1 105 > notes— Stamped (July 1933 103" r r 97 % 19 38 Warner Bros Pict. 6s 1939-—M&S Certificates of deposit Warner Co 1st 6s 1944 A&O 3 101 104% if 13 85 %% to 2%% 1939-48..J&D Railway W'house 4-6s (w-s) '47Realty Bond & Mtge deb 3-6s '53. Red Riv Lumber 5 Ms 1938.M&N Remington Rand lnc— 20-yr rlpb 4 %s w w 1 956.„M&C 4 Ms without warr'ts 1950 M&S Republic Steel Corp— Gen mtge 4%s ser B 1961. F&A Gen mtge 4%s ser O 1956 M&N Purchase money 5%s '54.M&N Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— 1st mtge 4 Ms s f 1956 J&J Reynolds Met deb 3 Ms '51--J&D Rheem Mfg conv 5s 1948___A&0 Stamped 104 % 1 97 Express Agency lnc— 5s 1939-'49 is^a)__M&F Schulco Co 6Ms 1946 21 97 Debentur» gold 6s 194T t&D Midwest Corp ref 6s 1940.M&N IstMsf 6s 1947 J&D St L Rky Mt & P 5s '55 stpd J* J St Paul Un Stk Yds 5s 1946. 4&0 18 35 95 M&N Cum income 4s 1945 Richfield Oil of California— 37 / 1/ 1944 12 10 30 (Hiram)-G & W— 106 4Ms 1945 J&D Waltham W'tch & Cl'k 6s *43 J&D 103% Walton Lumber 1st 6 Ms '41 Q-Jan / 40 Walworth Co 6s s f deb 1955-A&O 59" 20-yr 1st mtge 4s 1955 A&O Products— Conv income 5s Radio-Kelth-Orpheum Corp— Part paid ctfs (Cr 6% deb and common stock) 65% paid.. March 100% 55 Deb 35 100 96 Purity Bakeries 5s 1948 J&J Quiker City Cold Storage— Called 99% Walker ) Southwest 83 % 1st 3s 1939-1940M&S 1st 3 Ms 1941-43 M&S 1st 5s 1957---M&S 2d conv deb 4s 1957 M&S Produce Term & Cold Storage— 1st income 6s 1958 J&D Protestant Church of Germany— 7s 1946 A&O Prov Paper Ltd 5 Ms 1947—M&N Serial 92% Southern United Ice Co— 80 50 lOl" 95 Vulcanite Portland Cement— 1st 7 Ms 1943 M&N Wabasso Cot'n 3M-4Ms '51 F&A 53 53 89 % 104% 39% Victor Amer Fuel 6s 1940 F&A / Victor Fuel 1st s f g 5s 1953.-J&J Va Iron Coal & Coke 5s '49.M&S Southern ity- Pressed Steel Car Co 5s '51--J&J Price Bros & Co Ltd— Series 72 10 Realty Atl Dob Corp— lsts J5sl953 86" 68 55% 45 53^1951^5 Southern Ice Co— ) 61 105% 96 — 3-6s 1953 Potrero Sug 7s stmp 1947._M&N Pratt Cons Coal 1st s f 5s '55 J&J Oonvs f 48 1952 45 1st coll conv 75 A&O Vertientes Sugar 1st 7s 1942.J&D / 11 Certificates of deposit 8% / Viau Biscuit Corp 6 Ms *46—J&J 100 Vicana Sugar Co 6s 1955 4 J&J / 101% Southern Brighton Mills- 88 M 10 115% Vanadium Corp of Amer— 70% 100 88% 103% Conv deb 5s 1941 A&O Van Camp's Inc 1st 6s 1943. .J&J Van Dorn Iron Wks 7s June 1 1942 107% 69 85 60 50 48 Utilities Elkhorn Coal 6s 1948 J&J / Valvoline Oil ext 5s 1947--M&N r 98" 42% 15-yr coll tr 4 Ms A ww '51 A&O United Wall Paper Fac 6s 1947— Universal Sewer Pipe 6s 1943-J&J 40 Potomac Md Deb Corp 3-6s 1953 80 seats. 103 98 Potomac Deb Corp 3-6s 1953 Potomac Franklin Deb3-6s 1953- V 102 103 96 80 _ * 100 5 — St 97% 100% 103% (Howard) Paper Mills Ltd 94 M Port Royal Pulp & Paper— 5s to 1941 M&S Potomac Bond Corp 2-5s 1953 Potomac Cons Deb Corp 3-6s '53 Kheinelbe 105 r 93 6s stamped 1942 Railway Corp 3 Ms debs '48 J&D > Smith 106% J&J 59 99% 103% 108 85 11^ 28 90 F&A United Steel Works (Germany)— 6 Ms series A 1951 —J&D / 6 Ms series C 1951 J&D/ 6 Ms series A 1947 J&J / United Stockyards Corp— Simpsons Ltd- "5" 6 113 97% 24 Amer Tobacco— Conv 6s 1942. Potomac U S Radiator Corp— conv deb s f 5s 1946 Ask 98 -J&J / 101% Signal Oil & Gas— Conv 6 Ms A 19 110M 106 J&J B 1949—F&A Conv deb 3 Ms 1946 M&N U S Print & Litho 6s 1950—A&O 80 2 A&O ser PMnishing 5s 1944--.Pipe & Foundry Co— — U S 100 — 7 Portld Woolen Mills 6 Ms'41 M&N Porto Rican 1940 4 Pitts Steel s f 6s 1948 F&A Pocahontas Consnl Collieries— os 1st sink fund U S 68% 70 22M Pireili Co of Italy con 7s '52 M&N Pittso Brewing 6s Feb 4 '49. J&J Pittsburgh Coal deb 6s '49—F&A Pittsburgh Coke & Iron Co— 1st mtge conv 4 Ms 1952 M&S Pitts Crucible Steel 5s to '45.M&S s 7s 103M F&A 83 — 100 110 Pickering Lumber 6s A '46..M&N Pierce Butler & Pierce 6 Ms '42 Pine Hill Collieries 1st 6s '42 A&O 1st gold Poor & Co 112% 14 M 3% 98M Iron lstsf6s I946.M&N Phoenix 104% 67% "f 480 112% 13 % 3 % 80 . 15-year 3 Ms debs 1951 Sheridan-Wyoming Coal Co- Pettibone Mulliken— ww Bid United Industrial 1st 6s 1945-J&D / 20 Deb 6 Ms 1941 M&N / 20 United securities Ltd 5 Ms 1952 59 U S Cold Storage(Chg)6s'45.J&J 100 U S Cold Storage (Kan City)— 1 st sink fund 6s ser A 1946-F&A 100 Shell Union Oil Corp— A.M&S15 Pennsylvania Glass Sand Corp— 1st s f 4%s I960 J&D 6s Bonds United Merch & Mfr« 6« 1945 J&D 6 106% 45 95 Ask 95 Pennsylvania-Dixie Cement Corp 1st Bid — 115% 108% P Stk Ex. 19 1/80 500 27 150 150 1.200 1,000 46.000 1,200 97 99 94 500 69 28 80 1,250 44 i"o6o 100 975 500 45 109% 75 700 710 70 200 115 18.000 65.000 i"6oo "500 '300 97 70% 71% ' 113 40 500 92 1 463 93 3.700 70O '30O 300 90 1~,250 95 accrued interest, k Last sale, n Nominal, r Canadian price, 3,000 s 3",§66 Sale price- Quotations for all securities are as near as Bid Par Stocks Stocks Ask Per Per share Drayton Mills 20 Mills 20 Ounean TEXTILE STOCKS 98 13 Preferred 15 58 % Mfg.-100 100 American 102 63 5c Amoskcag Mfg.---* Arlington Mills. .100 23 % 21% 84 73 IX 7% 66 20 5 9 31 41 Imperial Yarn Industrial Cotton Mills pref— 50 60 Butte & 6% preferred Hecla_.5 7X Me Me 40 50 Cerro de Pasco King (JP) Mfg. .100 Bleachery & 40 45 Dye Works com 10 100 Limestone Cot Mills 24 Linford Mills 35 40 Majestic Mfg Marion Mfg Co Marlboro C Mills—4 97 102 May Hosiery $4 preferred 25 27 54 56 pref—100 Monarch Mills.. 100 80 66% 25 80 77 4% 4% Mills 8 12% 12 % 7% 14% 14 X 28 31 34 37 17 22 52 55 27 28 % 6% 20 20 _ 5% Spinning Alabama Mills Amer Yarn & Proc_. preferred- -100 97 93 99 2% 3 Anderson Cotton 100 51 60 Appleton Co— — * Preferred 100 37 41 89 91 20 23 25 1 7% Preferred Bibb Mfg.. 9 95 93" 98 --—100 A.100 Brandon Corp Class B 28 19 23 99 preferred -.100 Burlington Mills--. 1 23 Sterling Spinning-- 3 81 77 13% 14% 45 v[x 32 20 32% Chadwick-Hoskins 10 5 8 8 % preferred - _ 100 China Grove Cot— 70 78 Chiquola Mfg 20 6% preferred Clifton Mfg (SO) 100 65 20" Spinning Textiles Inc com._ 10 Class A pref 100 Class B pref50 Union-Buffalo Mills Stowe 50 100 100 Victor-Monagh'n 100 7 % preferred--100 Victory Yarn Mills— 1st 7% pref 2d 5% pref 4X 5% 14% 7% 14% 7% 1% 19X 20% 120% 2% 19 41 30 38 X 8% 6X 5 12 30 34 115 80 75 1st M 6s Jan 1941 77 56 Wallace Mfg Co Ware Shoals Mfg 100 65 ■M — * — 7 % preferred- . 100 90 — — - - 100 (D K)-100 Orescent Spinning. Dallas Mfg (Ala) 100 Darl'gton Mfg(SO) 5 45 50 81 Washington MillslOO Wellington Mills..* Preferred 100 West Point Mfg--20 109 75 _ 30 38 13 % 16 IX 2 45 . 6% 65 - Winget Yarn Mtge 6s 18" Woodslde Cotton-20 a value. 50c 52% 10% 52% 10% 24c 5% Preferred 4% n 24 35% 39 42% 40% 23 25 7% 9 9% 9% 19% 7% 21X 24% 26 2% 2% 4% 8% 2% 3 29c 5 5c Aetna Rubber Preferred % * 30* 2!* 100 1 Agnew-Surpass Shoe Agfa Ansco 73 58 Common Preferred Ainsworth Mfg 23% 24% ' 6 21 20 5% 7% 55 5% 7% 20c % "4" 27 10 r 5 9M 10 5 6% ~7X Air Associates.—..1 100 Nominal. 2% 21 Aetna Ball Bear—1 2% 58% 2 57 81 15 2 15% 6% preferred A .50 Aero Supply Mfg— Class A * Class B * 71% 2% * 125 12 68 Aetna Stand Engine* 25 78 8 64 9 Aetna Brewery___.l Newmont Mining. 10 New River Co 100 / Flat price. k Last sale. t Other issues called for redemption Feb. 1. Purchaser also pays accrued .dividend. Without par 10c 5c 119 & Fitch Common 1 $6 preferred 75 Aberfoyle Mfg.. 100 AbitiDi J'ow & Pap_* 6% preferred -100 7 % preferred- -100 Abraham & Straus.* Acme Steel 25 Acme Wire v t c__20 Adams (J D) Mfg—* Adams Express * Adams Millis * Adams Oil & Gas.* Addressograph Multigraph Corp 10 Aeolian Co— Mines Mt City Copper National Tunnel 58 16 % Castings com.—5 341^ Advance Rumely..* 1% N Y & Honduras Rosario * 7 e 60c 57% 121 Advance Aluminum % 33 Canada and Mines com New Jersey Zinc 3 81c 6% 1 Mother Load Ooall'n 19% Mills Wiscassett Mills 115 9 % 1 % 48% 77c McIntyrePorcupine5 Miami Copper 5 Mining Corp of 100 20c IX IX 47 X Lava Cap Gold Mini Louisiana L'd & Ex 1 37% % 10c Lane Rincon Minesl 45c 37% X Lucky Tiger Comb Gold Mining 10 Magma Copper Co 10 Mayflower-Old Colony Oopper.25 72 14 50 Common 35c Lake Sh Mines Ltd 1 60 95 Converse IX Klrkland LakeGold 1 Spinning-.50 Columbus Mfg (Ga) Climax 119 1 17 X % 6% 50c . Lab'tories.* 4 % % conv pfd 100 Abbotts' Dairy * Abercromb 36 10 Common -_* A B Stove Abbott Copper.* Kildun Mining 1 King David Min.50c 50 6 AND 33 % Kennecott 115 % 8% % lYust 'INDUSTRIAL 4714 Isle Royale Cop..25 Jardine Mining 1 Worsted— & 14% 33 X $6 preferred 14 3 20 46 X Island Creek Coal 11 8 a MISCELLANEOUS Warrants 99 90 50 Callaway Mills Cannon Mills 7% preferredlOO Southern Weaving.* Guar of New York Inspiration Cons Copper ..20 Internatl Mining 1 4 a Home Title Ins (NY) Bay Min Illinois Zinc 10 350 63% Hudson 78 3 a GUAR¬ 39 8% 62 X 10 Franklin - 8X 14% & Smelting * Southern 33 12 X Howe Sound Co 5 7 3 a Mortgage Guar. . * % 6% Title 10 ~7~ — a EmpireTitle &Gul00 common 74 com X 6X Homestake Mines 100 100 5 «• 100 Bankers Bond & Copper Co 100 Hecla Mining 25c Hollinger Mines 5 100 95 16 a & SAFE DEPOSIT STKS 40% 39 Greene Cananea 70 32 28 ANTEE 96 5 Power common 50 Process 110 85 1 Mines 9 . TITLE Granby Cons M S & 70 — Inc Goldfield Consol 25 19 % * 7% Co 25 85 50 Calhoun. Mills 73 - 16 a Kimball Bldg Tr __1 Federal Mining & Smelting com.. 10 7% preferredlOO Golden Cycle CorplO Zinc, - a _ Evans-Wall ower 50 Mfg—20 7 % preferred . 100 Spartan Mills 100 Startex Mills ...20 5 Milla(SO)-25 Belton , I 32 28 (F W) Mfg.. 100 Rhodiss Mills 7% pf Riverdale Mills— Southern Cotton Mills 40 115 Preferred. Mexicans..50c 17% a City RET (C). .500 Congress St Associ¬ ates (Boston). 100 Factory Bldg Tr.100 Fifty Associates (B) Hotel Tr (Boston) 100 10c 100 Cent Bldg Tr--_100 Chic R E Trus's. 100 2% 105 7% preferred Southern Bleachery 6 Print Wks * Boston Wharf % 11% 61 10 1% X IX 87 Smyre (A M) Mfg 4% IX 7% preferred..100 67 Saxon Mills 51 47 "4% 32 55 Mills a Bos Stor W'h'se.lOO nx 82 Rowan Cotton a six 63" Common T(Bo8)_100 5 a Bos R E Dome Mines Ltd._* 78 1% a Bos Gr'd R'T Tr 100 7% Eagle Pich Lead—10 Evans Wall Lead 6 % preferred.. 100 3 1 Acme Avondale Mills Beaumont Mfg 7 % p eferred Newberry C M—100 Norris Cot Mills Orr Cot Mills. 100 74" Poe Bd of Tr Bid Tr. 100 56 10 3 8% 1% 5 REAL ESTATE TR & LAND STOCKS 45" "7" . Musgrove Cotton50 1% 1% 20c 7X 54 % .6 Copper Canyon. 10c Copper Range * Cornucopia Gold.5c Cresson Consolidated Gold Min & M..1 Cusi 1% 1 10 42% 35' 31 5 Copper 70c" Yukon Pacific 10c Cons Min & Smelt 64" - Southern Mills Consol 1 % 65c Me 25 Copper Common 1 7 % preferred - -100 Riverside & Dan Riv Abbeville Mills 42% lie 115 Wright liar greaves Mines Clear Creek Cons— 61 7% preferred Pacolet Mfg 100 7 % preferred.. 100 Perfection Spinning Pickens Mfg 6% 37 Nat Yarn Mills Piedmont 100 Wamsutta M—100 . 30 31 __ 1 Preferred.-----SouleMill (NB). 100 Utica & Mohawk Cotton 7% % X 9* Knob Copper Mining Co Copper Corp Mln.-l Chile 25 Mill Mooresville Shops 1 Chief Consol Lanett Me 8'1 Ext50c Preferred IX 7% 6% 2% 5% 2% Silver-Lead. 1 Walker Mining White Carnegie Metals—1 Central Am Mines _1 Mills common— Arcade 1 Calumet & 63 % 75c — Mills & Z Co _5 Sup 10 Zinc-Lead 60 Saratoga Victory 7% 3% y "7 Utah Copper Co 10 Utah Metal & Tun.l 13% 3% 1% 13 Butte Cop 98 9 5 United Verde 80 Laurens C M Sagamore Mfg (F R)_— 100 Sanford Mills—_.~ - 25% 50 ich Borden Mfg Suissett Mills—100 Mills- 25% Judson Mills A pflOO Preferred B 100 12 Cotton Stand 26 12 % 1 Denn Tonopah Mining. .1 Union Copper Land & Mining 25 42c 22 21 Copper Sunshine Mining. 10c 32c 75 7 10 Joseph Lead Silver King Coal 5 So Am Gold & Plat.l Me 93 Mills $3 cum - "X 70 Patch ogue - Shattuck 6c 70 18% 11% , 15 Preferred 2nd preferred —1 Nonquitt M (N B) Pacific Mills —* Preferred A Preferred B 29% 13 Inman Mills. ± 15c 10c 39% Seneca 9 . 16 293^ r I* 14% . St 6 39 25 Antelope Min St Anth Gold M...1 7 35 Plymouth pf--l Pepperell Mfg... 100 Pierce Mfg 100 Pilgrim Mills 100 Plymouth Cord..100 Powdrell & Alexander common 5 Roan 33 4% 2 10 2% 2% 9% Callahan Co... 1 Preferred. ..100 Common 7 2% 2% 8 1 Ltd Amer snares. Bagdad Copper 5 Black Hawk Consol Mines—1 Bulolo Gold Dredg¬ ing, Ltd 5 Bunker Hill &Sull'nM&C2% 10 11 2 * Quincy Ariz Mills- 5c 9% Comstock 1 Austin Silver Min--1 11Q 4% preferred S3 prior pref Highland Pk Mfg 20 15% 14% 100 Nashawena ML...* Nashua M (N H) 100 Preferred 100 * 105 10% 2% 1 — Premier Gold M 2c M.20 Andes Copper preferred..100 ctfs__ 10 Mining..25c Pond Creek 6% 18 87 6 Polaris 28 35 9% 1% Pocahontas 16 8 5% & Pioneer Gold Ltd Smelting H) Knit.5 25 1 Mines Amer shs 105 / 100 - $5 prior conv pf 25 AnacondaCopMin 50 98 5 Co (F R) Saco Lowell 9 21% Pacific Tin special.* STOCKS 30 -.-20 Preferred 38 7 94 Units .20 35 82 1 % Mills 70 6% preferred Hartsville Cot Mills Henrietta Mills— 4% (Baltimore) 26 16 ...10 Mining. - Patino 1 Alaska Juneau Gold Mining --10 Amer Zinc Lead & 8% Hanover 3X Mt V-Woodb 7X 19 % 24 18% « - 15 13 50 Consol Park-Utah Consol Mines Admiralty Alaska Gold Mining 32 50 14 12 % _ 13 37 32 * Hanes (F 50 128% r 1 % Mining Com..25c Preferred B Oriental Enterprise— 11937 MINING pref 10 Gainesville Cot Mills Glenwood Mills .100 Gossett Mills 7% 40 r Copper of Oklahoma Interstate 100 Hamrick Mills. 10' Preferred--.-8.50 Mohawk Carpet. 35 96 Conv 20 preferred.25 30 Gaffney Mfg 4% v* Hathaway Mfg.-100 Kllburn M (N B).75 Luther Mfg 100 Martel Mills—...1 Mills—100 Granteville Mfg—20 Grendel Mills— 9 64 % 3 % 59% Atlantic Mutual— preferred. .100 Mills 9 % 9 29c 147 MARINE INSUR¬ ANCE SCRIP 10 101 Fulton Bag & Cotton 78 100 * 7 56 r Cotton—* Wabasso 96 10 11c 25c 44 98 Florence 23% Prior 40 41 r 70c 8c 101 r 18 7% Draper Corp --* Farr Alpaca 100 General Cotton. __* Gosnold M(NB)..* Preferred. 100 97 Ltd com.* Preferred 100 110 Mfg Co 7% preferred 50 Brighton Mills— Preferred 100 Dexdale Hosiery— Preferred 100 r 1'enmans 16 34 30 Carpet common Preferred 100 Border City Mfg Montreal Cottons.. Preferred 100 r 15 46 10% 108 Flint 6 5% 25 Bourne Mills.. 102 41 79 65c Utah.. 1 Old Dominion Go_25 65 r Fairforest Finish Co Serial notes—— Beacon Bigelow-Sanford r * 2.50 Ohio 100 Domin Text Ltd— * Preferred 100 1'referred 20 preferred- -100 6% Mfg 100 ! Preferred 100 Berkshire Fine Spinning Co— 5% preferred-.7% preferred— Converters. 100 Can Cottons Ltd 100 Mines North Butte 10 Can 30 9 34 Erwin Cotton Mfg—100 Barnard Noranda 1% '78% 5 NIpissing Mines Canadian Mills 12 6% preferred-.100 Dwight Mfg—1244 Eagle Yarn Easley Cotton Mills 7% preferred Efird Mfg 100 Northern Mills Algonquin Print. 100 Per share 29" 109 Ask Bid Pai Per share share 5 27 7 % preferred.. 100 Durham Hosiery— Stocks Ask Bid Par Stocks Ask Bid Par month preceding the date of issue possible for the closing day of the 9% Air Devices Corp—1 h Canadian price. * 100 t New stock. . ' 105 x % Ex-dividend. V- FEB., 1939] INDUSTRIAL Quotations for all securities Stocks Par Bid Ask Stocks Par Air-Way Electric Appliance 57 34 * "58 Am Internat Corp.* Amec^La France & Fdamite Corp.. 10 Warrants. 34 3 34 Alaska Pac Salmon* Alas Pack Assn__100 45 Am Laund Mach_20 Amer Locomotive.* 50 Albany Packing— Preferred 100 Alberene Stone of Va 55 52 Vot trust ctfs 5 Alberta-Pacific Grain class A * Preferred 100 Alexander Dept Stsl 3 34 7 % preferred. 434 24 5 Steel Co. Com..* 1014 63 2334 American PianoClass A. ...» 23 115 Amer Pneu Serv 7 % 1st pref IVs 7* Stand Sanitary...* 11 3 Allied Prod (Mich)— CI A conv com.25 17 34 10 634 934 63 Allied Stores Corp. * 5% preferred—100 Mfg *4134 Common * All Metal Products 2 65^ 4234 Aluminum Co com.* 116 6 % preferred 100 Alum Goods Mfg..* Aluminum Indus..* Aluminum Ltd * 111 1 1834 117 112 100 Amerada Corp * Amer Agric Chem.* 20 American Arch * Am Bakeries pref 100 Class A * Class B__ * Am Bank Note 10 6% preferred 1534 134 534 140 31 33 15 57 10 1434 66 Am Beverage Oorp.l 234 5 7% preferred..100 78 234 334 . 734 9 4534 44 125 94 17534 ;.* * 7% preferred.. 100 Amer Carmel —100 Properties 131 95 177 Preferred 100 Amer Centrifugal_.l Am Chain A Cable.* 5% preferred. .100 Amer Chicle... Amer Cigarette & * 6 Cable com Anchor Hocking _ * 1 2134 112 125 11734 11934 Apex Elec Mfg * Applied Arts.. 1 Appollo Steel 10 Apponaug Co... * A P W Paper * Archer-Dan-MIdl'd * 7% preferred-. 100 Amer Commercial Alcohol com. ..20 Am Crystal Sugar 10 .... 934 6234 10 2434 1134 434 Class B_ 5% preferred—10 63 7% $ Nov. 18 27 2434 5 97 102 7% preferred. .100 Amer Encaustic Tiling Co 1 112 115 Enka—* 1 33 3 Amer Export LinesCommon 1 8 American Amer Equities Co. . Amer Express...100 Am Fabrics, pref 100 Amer Felt common * Preferred 100 Amer Fork & Hoe..* Preferred 100 Am Fruit Growers.* Preferred ..50 Am Furniture..... 1 Am Hair & Felt—.* 434 1st preferred.. 100 _ Arnold. Constable.5 Print Works 5%preferred .30 Equlpt Corp-.l . 9 58 Arrowhead Petrol- -1 500 12 15 61 634 1034 10334 lis 6 Jx 334 3 46 50 26 89 9334 2734 1334 434 3134 4434 29 14 _ 50 834 "134 2 534 3934 4 234 45 4834 1734 114 134 3534 134 38 234 334 Artloom 53 55 34 i234 134 2 734 24 11834 34 434 834 Asbestos 10 Corp.. * Corp .» Mfg com.l Ashland Oil & Ref.l (Can).* 7% preferred. .100 Assoc Dry G'ds 1 6% 1st pref—.100 7% 2d pref—.100 Assoc El Indus Ltd Am dep rets ord registered £1 Assoc Laundries V t c common Associated Rayon * 100 . 534 4534 50 1834 10 1034 9 44 22 Truss Wheel 4 Atl Coast Fisheries.* pflOO Atlantic Refining_25 4% conv pref. 100 non-cum * k Last sale, Aircraft 1 Nominal, r 12 3 1834 1934 15 1734 120 14)4 12234 734 934 2934 i8oKs 30 534 50 50| Bender Body com..5 Bendix Aviation—5 . * Beneficial Loan Soc * Hedges. .* pref---—* Berghoff Brewing—1 Bickfords Beth Fdy & * Inc $2.50 preferred..* 634 13 334 Billings & Spen—25 Bing & Bing 5 Binks Mfg 1 Bird & Son * 734 2234 106 110 Canadian price, x Ex-dividend, Collender * $5 preferred * Buckeye Pipe L--50 Buckeye Steel Cast * 8 1734 2934 834 34 »Xe 34 4 1134 96 34 Class A common.* - . 100 * 7% preferred--100 2 6734 18 68 17 1734 110 234 70 77 1234 1334 35 37 5 1434 634 434 3 Burd Piston 25 Ring. .1 1 Preferred * Burma Corp Ltd— Am dep receipts.. 7 20 _ 46" 1434 20 t New stock. Ws 6 3 5 35 Byers (A M) com. . * 7 % part pref. . 100 Byers Machine...-* Byllesby class A * ; Preferred ..* * 1834 1734 1 * Cable El Pr v t c—* Calamba Sugar Estates com...20 Calif Pack Corp—.* 5% preferred—50 Cambria Iron 50 Cannon 8* M 134 1 134 734 Butterick Publis—* Preferred .50 tin 40 IX Byrndum Corp. dyron Jackson 18 17 16 2534 28 834 1634 7% debenture-100 Bush Term Bldgs— 7% pref ctfs_.100 Butler Bros -..10 5% conv pref. .30 4IS 105 Burns Bros com—* Burroughs Adding Machine ..* Campbell Wyant 1 434 * n Burdines Inc.: Class B 534 15 534 10 Bunte Bros com Burco Inc com Preferred 1.934 1134 9934 634 47 Bush Term Co com 1 5 52 1 334 134 —* * U34 30" 25 10 34 Burry Biscuit-12 )4c „34 9 14 L0834 134 1134 74 2834 1834 Co..5 Buda Co com. 434 3 34 7 % cum pref. .100 Bucyrus-Erie Bulova Watch 51 12 1434 Co— Bliss (E W) CoCommon 1534 1934 44 * 1434 19 50 Preferred .... 5 Bullard Co 1134 1734 2834 234 35 26 19 Blaw-Knox 7 2 Budd Wheel. Fdy & Mach com * B'ack&Decker Mfg * Blauner's com. * $3 2234 434 33 34 5234 234 Birdsboro Steel 1334 634 2034 * 51 Preferred "334 1834 134 * 5134 234 2534 Berkey & Gay Fur¬ 54 3 134 16 1 Budd (E G) Mfg--* 7 % preferred- -100 Industrial Loan common—* 834 7034 28 634 34 Brown Rubber.. Brown Shoe. 50 49 Dec 1 common Bucyrus-Monighan 934 434 * 834 934 34 Jan IS % Bruck Silk Mills...» r Brunswick-Balke- 9 Mach.* Preferred —50 Beth Steel (Del)—* 5% preferred..-20 7 % preferred,! -100 B/G Foods Inc.—-* 7% preferred--100 115 % Truck new com. 10 Bruce (E L) Co 50 25 434 1134 734 Best & Co 834 2334 2234 Distillery 1834 100 34 734 2034 65 50 23 2134 2134 Class A pref—.* Forman 85 111 2134 Warrants-- 113 7 % pre-erred- -100 Bessemer Limestone 6 Cement com..* 434 23 * Brit-Amer Tob reg£l Ordinary bearer £1 British Celanese Ltd Amer dep rets. 108 Brockway Motor Bellanca Aircraft. .1 6% conv pf 25 5% conv pf—.25 n 534 Brown Fence & Wire 9 77 19 434 Without par value, Cream. .25 Belding Hem'way. * Belden Mfg com.. 10 Bell Aircraft 1 24 1534 98 19 101 Purchase warrants 16 44 2134 99 8 434 1534 35" * Brown Co 6% pf. 100 Brown Durrell—-* Borland Shoe St—* 1 33 4334 Coupon 15 40c 634 2034 34 5 14 36 834 71 12 Registered 434 7 5 20c 17" Jan. Brit-Amer Oil Ltd— 40 12 48 81.50 prior pref. 10. 1434 25 34 J4 A they 6% non-cum pflOO Amer I G Chem A.* Amer Insulator * Old preferred--50, 25 y 1034 934 Brown $2.50 prior pref. 634 1034 34 334 30 30 Bristol Brass A* r lV4 25 Brillo Mfg———* Class A... * k Bristol-Myers 7 Benson & 534 36 Brinks, Inc.. 1st preferred-.100 2d preferred-.100 Conv 634 346 3 34 134 1634 common—25 Beneficial 834 734 1134 634 34 34 20c 98 20 54 19 Bright Star Elec— Class B———_.* Brill Corp class A. * Class B .-___* 10c ■ Common 15 1734 834 7 34 634 7534 3134 834 .* 5 1334 6 7234 2534 16* Belmont Radio * Belt RR & Stk Yds 434 534 4734 9034 5034 534 334 Atl Gulf & Wind S3 Lines _.* .1** 834 234 Preferred * 4434 5% 134 1034 3034 634 _ 10 18 preferred-.100 - 134 $5 preferred w w.* Bearings Co (Am).* 103 * 434 3334 "434 14 1 Beech-Nut Pack. .20 "% 17 com Briggs & Stratton.. * 2 * r $134 conv pref.20 3 28 21 * Warrants Beaton & Cadwell Beech 18 Common.... Bridgeport Brass—* Bridgeport Mach—* Preferred.; 100 Briggs Mfg ....* 1 * 100 Optical com 10 5% preferred.. 100 Bayuk Cigars * 7% 1st pref... 100 8 534 234 * 65 Brewster Aeronaut'! 1 1834 1 Beaunit Mills Inc. 10 7 234 1834 434 234 2034 * class A Brager Eisenberg—1 Breeze Corp 1 Brewing Co of Am_3 734 1734 1034 134 1.334 7% preferred.. 100 Art Metal Constr.10 Art Metal Works. .6 2334 234 1434 5934 20 Bastian-Blessing Mfg 25" 34 ers 1st 734 I* 50 Bausch & Lomb 1 2 334 Bondhold¬ Bow-Bilt 7% preferred- .100 6 Paper A Class B 115 32 Preferred-.....10 * $2.75 cum pref—* Bower Roll B'r'g-.fi Bour jois, Inc Casket 20 334 1734 2834 110 34 134 3 34 31 24 preferred Boyertown Burial Bathurst Power 2734 5 —— Bowm Bilt Hotels— 2634 14 * Bates Mfg... Bath Iron Wks 334 4334 1934 42 niture common.. 1 Elec.10 Assoc Brew 2 1 66 534 3834 234 100 Brach (E J) & Sons * Bradley Knitting- 734 83 Bartgis Bros com__l 6% conv pref..25 Basic Dolomite 1 Arrow II art- 8% preferred-.100 Amer Home Prod..I Amer Hosiery. 25 Amer Ice Co * . Aro He ge man 11 834 ..* 834 16534 7 60 Arnold 4 23 Amer Hard ware..25 Am-Hawaiian SS.10 Am Hide & Leath. 1 pref.. 100 $6 conv pr pref..* 7 % preferred. 100 Armstrong Cork * Armstrong Rubb A* 434 36 2d preferred-.100 Amer Hard Rubb.50 6% preferred guar Armour & Co (111)— Common 5 Arundel * com 5 Common Amer Forging and Socket Arcturus Rad Tube 1 Argo Oil Ark Fuel Oil pref. 10 Armour & Co of Del 10 9 6% 1st pref—100 Am Cyanamid A. 10 Amer Distilling pf 10 Amer Dist Teleg * 1734 572* 24 Beatrice Corp __1 Anheuser Busch..20 Antllla Sugar 100 fflann 120 48 20 Mills A 101 19 7 1 Bros. 534% pref Preferred Botany Worsted 1st preferred-.100 234 1434 5734 Barlow & Seelig cl A5 Barnsdall Oil 5 Barnsdall Refining .1 6 Angostura-Wupper- 115 6% preferred.. 100 4* 17 16 2 2d 79 40 99 22 (J) & Sons* com Barker 1934 6 Rubber com—* ¥ Boston Woven Hose 634 434 34 534 Service cl A * Barber Asphalt 10 Barber (W H) Co..1 Steel i!8 18 18 com.. 2234 7 24 Preferred .100 Bankers Industrial— _ 1734 334 4234 1834 9434 2634 1 Bardstown Distill. Barium Stainless 153 113 Preferred Amer Coal (N J) __25 Amer Colortype.-10 151 2 17 Cigar Co.....100 100 J3/s Bancroft Boston Herald Traveler Corp—* 134 734 7% pref old 100 7% pref new—30 Warrants Baldwin Rubber 34 4 Balaban & Katz..25 urererred 100 Baldwin Duckw'th * Baldw Loco Wks * V t c for com.. .13 1434 18 1 * common Andian Nat Corp..* 9 ■if" 2034 8534 84 17 $634 conv pref..* Anchor Post Fence Co common * 2934 4634 734 1034 1034 Borg-Warner Oorp_5 Borne Scrymser—25 15 12 _ 3334 Trading American shares. Anaconda Wire Glass 2 1 29 45 7% preferred—100 Amer Wringer * Amer Writing Pap_* Amsterdam 634 145 14 834 2034 534 Preferred-....100 150 5334 1234 1734 27 1034 34 * 131 63 1 .15 25 834. 1 Baird Telev pref. Baker Chemical 8534 8834 * 105 Borden Co 10 30 45 6034 334 Preferred 24 102 53 Bond Stores * 334 Am Woolen Co 24 234 Preferred 100 Babcock & Wilcox.* Backstay Welt * 59 ....* 100 3 23 20 234 Badger Paper 2834 2 20 5 1634 45 preferred--100 Bohack Realty pflOO 1st 58 Bohn Alum & Br.-6 Bon Ami com A * Common B * Axton-Flsh Tob A 10 8434 8734 Am vitrified Prod.* Preferred * 29 2034 16 34 7 34 5 Class B 28 98 4334 2834 12 tation Corp 1834 Blumentnal (Si com* 3 Warrants Aviation Corp (Del) 3 Aviation & Transpor¬ 1834 18 28 7% preferred. .100 Boeing Airplane 5 Bohaclc (H C) com.* SH 10 Pref ex-warr.25 Am Tobacco com_25 Common B 25 6% preferred- 100 Am Transformer. 10 Am Type Found. .10 7 % preferred. .100 12534 5 1534 27 Common Canadian Am Car & Fdy 12* Ask share - Bloomingdale Bros. * 234 23 634 50 Automobile Banking $1.50 conv pref 25 Class A com 25 Avery (B F) & Sons 5 6% pref w w 25 26 Amer Wind Glass— Class A. 100 59 American Book.. 100 Amer 38 10934 45 Jk* 72 5 34% conv pf.100 American Can 25 20 43 50 7% preferred 334 334 Amer Thermos A..* Preferred 50 Amer Thread pref. 5 . It* 1934 34 H 10734 Am Bemberg com.* Preferred..—100 Amer Bosch Corp-.l Amer Box Board. .1 A.Brake Sh & Fdy— Common.. * 234 1834 IX . 6 3 Automatic RefMg.lO Automat Vot Mach * Automatic Washer— Common 3 M . 110 109 2 6% conv pref—50 Amalg Sugar 1 5% preferred 10 Amarel Corp 100 Amer Air Lines... 10 , .8* 63 12134 Laughlin.. .5 Preferred .30 Bloch Bros Tobacco Common 25 Preferred .100 Automatic Prod 20 3334 7% preferred. .100 1434 14J4 * 334 Jan. 24 Am Sumatra Tob 127 Amer Television. 125 34 1 Bliss & 2134 ment common 24 1434 American Stove * Amer Sugar Ref.100 Powder.._..* 5% 6% preferred..100 Automatic Fire Alarm common. 25 Automatic Instru¬ 65 Am Steel F'dries * American Stores—.* Conv preferred.20 . 133* 334 1534 8 Snuff. .25 Bid Par Per 34 conv pref.. 100 Tack.. * Auburn Automob. * Austin Nich & Co..* $5 cum prior A..* Autocar com 10 . 158 6% non-cum pflOO Amer Steamship. 100 Stocks Ask 21 24 Atlas 68 pref 100 cum American "8" 17 Bid Par Atlas Pipeline v t c. * Atlas Plywood * Atlas H American Sealcone-5 Amer Seal-Kap 2 Amer Seating _.* Amer Ship Build—* Am Smelt & Refg—* 7% preferred-.100 19)4 20 Amal Leather 16 Amer Rolling Mill 25 434% conv pf 100 .... Alloy Oast Steel...* Alpha Portl Cem..* Altorfer Bros— Conv pref * Stocks . 25 Am Safety RazorCommon 18.50 1334 1134 12)4 334 Allis-Chalmers 6% preferred.. 100 IX American Screw. 100 12 1134 634 634 Am Republics comlO 7% 85 STOCKS Per share Am Potash & Chem * Amer Radiator & 234 .34 175 173 * 50 6% preferred —50 10 8 Allied Mills Inc * Allied Paper Mi lis. 1 _. .5 Class B "934 Alliance Realty 5 Preferred -.100 Allied Chem & Dye Common 1134 57 Cement pref—10 Alles & Fisher * Corp common * Allied Kid Co com.5 Allied Laboratories * 100 American Meter * American News Go * Amer Optical * Preferred 100 12 Algoma Steel com.* Preferred 100 Allegheny Ludlum Ask Bid 6% conv pref—100 Alexander 7 % preferred-.100 Allen Industries...1 Altentown Portland . Amer Mach & Fdy_* Am Mach & Met—* Am Maize Prod * Amer Maracaibo—1 Amer Metal Co. _—♦ 2 Hamilton Inst 8% pref-.100 MISCELLANEOUS possible for the closing day of the month preceding the date of issu6 Per share Per share Air Reduc'n com..* & are as; near as 10 734 2034 234 134 1734 234 234 834 1134 734 X 21g 10 3s 3134 234 35c 8* 45* 20c 3 30c 3 34 153 434 1534 34 3 2 34 4 16 18 16 48 1634 4934 5534 5634 1434 1534 & Fdry— * 86 INDUSTRIAL Stocks Ask Bid Par Canada Bread. .—* Preferred 100, Class B pref 50 r Canada Cement. 100 r Preferred 100 r Stocks month preceding the date of issue Cleve Tractor 57" 8% 95 98 is% 18% * 100 3* 63 19 20 Preferred * Canadian Bronze. _* Preferred 100 Canadian Car & Fy * Preferred 25 Canad Celanese—* Preferred 100 Canadian Colonial B Class 15% 32 12 102 3% * Can Fair bank pf_100 Canadian Foreign 5% 1% 5 Jf* 82 7 Wire common % 20 Ool Fuel & Iron 20 Columbia 17% Class B 86 7% 23% 43% 23 21% 8 Oonsol Aircraft 1 S3 conv pref * 1 Oonsol Biscuit 12 4% 47 Cent Ohio St Prod.l 1 3 78 1 % 10% 5% 11 5 Indus .1 $2 cum part pf ._* 8% Cons Laundries 7% preferred. 100 6 8 Cons 4% Cons Mach 3% 4 Consolidated Oil 4 Sug Centrifugal Pipe.. Century Rib Mills 7% preferred 100 4% (-onsol 15% 8% Retail Sts 1 . 95 10% 38% 11 41% Consolidated * 14 16 Consolidated Textile Consolidation Coal— 5 7 8 I I 6% prior pref. 100 8% preferred-.100 Oonsol Metal Paper » 26 27 97 100 2 40 41 100 Preferred 118 Corp 10 Cab Mfg.5 Cherry-Bur Corp..5 Gbesebr'gh Mfg. .25 Chesapeake Paper Royal Oil. 10 Common Steel v t * C-.25 Warrants & 100 Chapman Valve . 8% 15% 126% 122 Co 100 of partic. .50 B partic...* partic pref 50 Container Corp.. .20 V t V t .. Preferred Preferred * Class B » 8% preferred..100 6 Continental (Ian. .20 $4 50 preferred..* ♦ Chic Elec Mfg A..* Chicago Flex Shaft 5 Chic June Rys & Un Stk Yds com. .100 Preferred 100 Chic Mail Order...5 Chicago Nipple 5 OhicPneu Tool * $3 conv pref * $2.50 prior pref..* Chic Ry Equip 25 Chic Rivet & Mach 4 Chic Towel com * 4 13% 104 14% 68 Chic Yellow Cab..* Chickasha Cot O.10 Preferred Chiltou Co Cook P't. A 16 $4 preferred....* Cooper Bessemer..* $3 prior pref * Oopperweld Steel. 10 Cornell-Dubilier 10 12% 10% 13 10% 52 53 2% 73% 3% 73% » 13 14 Cinecolor 1 Inc City Auto Stamp..* City Ice & Fuel * 6%% cum pf. .100 City & Sub Homes 10 City Stores. 6 Clark Controller Clark <p L) Co 1 * Elec Corp com..l Corning Glass Wk 10 Preferred 100 Corn Prod Refg..25 7 % preferred.. 100 Coronet T'hosph.lOO Oorroon 6 10 $6 conv A pref * Oosden Petroleum. 1 r Jan 3% 19 ?* 20" 2 95 & Rey'ds.* . 10% 80% 5% 80 16 33 Vurn..* 5 4% 5% 4% 3% Preferred Special preferred. * 5 10 * 100 Rubber..* 97 5% conv pref. .50 Warrants 1 115 8% 3% 27% % 8% 24%: 24 103% 2% 4% 18 20 1% 25 3 % 95 Detroit Mich Stove I Devoe & Raynolds— Class A (non-vot)* B * _ 6% 101% 62% 32 2% 75% % 5% 4% 6% 1% 15 1% 17 1% 1% 2 2% 26 26 4% 20c 30c 50c 75c * 28 28% 31 27 112 13% 14% 50c 65c * 17 9% 2% 18% East Racing Assn..* 35 40 Preferred * 100 Claude Neon Lt 1 Cleveland Graphite Bronze com 1 1 1% Oourtaulds Am dep rets ord £l Covered Wagon Co Common * $1.50 24 Cleveland Hobbing Mach com 4 26 * conv cl % Crane Co 5% com 25 pf 100 conv 32% 106 % % 32% 100 Prod..2 109 Seagrams Ltd...* 17 50 48 50 Educational Pictures Common Eisle * Without par value, t Name changed to Differential Wheel Corp. Eisemann 1 102 % 1% Magneto Preferred 3 * 7 2% 100 3 Electrical Steam % 1 % * com com l 7% 32 117 1% "2" 8% 5% 2% 3% 6 170 160 20% 21% 100 * Bdge.100 Nominal, 3% .5 3% 2% Util Corp 2% Elec Shovel Coal— 2 $4 partic pref * Elec Stor Battery..* Elec Vacuum Clean* Electro Bleach Gas .* 2% 29% 29 25 inc Electrograpblc 18 . ' 1% 27 IK Corp 1 Corp 10 1 Common Electrolux 16 t c ..1 v 12% 1% Inc.l 10% 13% 2% 20 3 21 100 1% "lH * 2 2% % 1% preferred 16% Ely Walker D G..25 16 1st preferred. .100 k 122% Jan Jan 97 16 2d preferred..100 k 23% Emerson Drug..2% 23% Cktss B 2% 4 4% Emerson Elec Mfg.4 Elk Horn Coal 1st preferred Preferred 4 75 Empire Sheet Tinplate * 4 20% 8% * 18% Emsco 85 Endicott-Johnson. 50 Derrick 6 10% 11 35 Eureka Vac Clean.5 27% 31 Evans Products 39 106% 1% 6% 16% 4% 10% 5% preferred..100 Equit Office Bldg..* Esqu ire-Coronet 1 Eureka Pipe Line_50 1% 4% 2% 4% 8% 9% 30 8% Ever Plastics 5 1 Corp.l 21% 1% 7% Ex-Cell-O Corp 3 Exch Buffet Corp..* 21 23 Exolon Co com Faber Coe & Gregg Preferred 28 28% Fafnir Bearing— 25 Fair (The) Chicago * 35% 33% 36% Fairbanks Co Morse..* 17% 18 * . r 5 t New stock, 111 1% 7% 20% 4% 10% 2 21% 2 9 40 100 3% 37% % 5% 38% 25 8% preferred. 100 Canadian price, 21% 8% 39% 105 7% preferred. .100 34 85 Employers' Group 18% Finance— preference.* Dominguez Oil 64 Elec & Musical 82 29 Cum 66" 63 Household * 7% 7% n 2 2d Dold (Jacob) Pkg- k Last sale, 1% % 1% 1 Elec Corp 33 • A Dominion 15 16 Associates 5% pref w w. .100 Distillers Liquors. 5 Divco-Twin Truck. 1 Fields 8H 13% Elgin N Watch...15 Eljer Co com * 8% Di Noc Mfg Discount Corp (NY) Distillers Co Ltd.i'l Domestic 16 2 Preferred 29 Differential Wheel. Warrants 6%% pref A.20 3% 23 Eaton 20 42% Doenler Die Cast..* Cramp (W) & SuslOO 2% 2% * B 5% 15% 175 179 6% preferred. .100 Easy Washing Mach Class 24 4% 13% 172% 1 Common 6% 4% 18 1 Preferred Eastman Kodak Electromaster 30 " Dodge Mfg 6% Dec. 19 6% 4% Steamship.* $2 conv pref * Eastern Sugar Assoc Fairbanks Clark Equip Co Preferred 7% 1% East Mall'ble Iron25 Eastern Mfg com..* 17% 29% Dobeckmun Co 13 Eastern Air Lines.. 1 Electrol 41% Class 9 Co..10 Indus Am shs 6% part pref...25 Diamond Shoe— Dixon (J) Cruc-_100 13c 67 60 7% 14% 9 Dr Pepper Co 100 Ltd— 6 13% Diamond Match.. Common 1 1 pref.20 conv Boston Electric Dixie-Vortex Co— 77 % 15 % 1 75c 18 _ 2 10 9 13 6% preferred.. 100 8% preferred-.160 Distillers Oorp- 63% 176 170 «■ 6% Elec Ferries * Preferred 103 99 6 12% 5 com Dictograph 7% $1.50 East - "5 4% 30% Dewey&Almy Chem 9% 27 Oil 2 30 6% preferred..100 1 Duval Texas Sulph.* Dwight Mfg 15 Eagle (O K) pref 100 Eagle Lock 25 Duro-Test Corp Eason 13% 1% * 12% Oil.... 10 Dictaphone Corp. 26 138 119 11% 30 100 6%% pf (w w) 100 Diamond T Motor 20% 147% 118 30c 1 com 4 8 147 Duquesne Brewlng_5 Durham Hosiery— Sterilizer t 1 2d p eferred.. 115 137 6% cum deb. .100 cum pref..* $4.50 com 16% 12 113 Electric Auto-LIte.5 Electric Boat .13 Iron & 7 54 110 16% 9% Duplan Silk ..» 8% cum pref.. 100 DuPont (E I) de N "2 1% 43% Dec. 20 20 w w 58% 114 * 5 7% 15% 100 * lnternat'1.1 Dunhill Eltingon Schild 3% 8% 51 32 56% Harvester. 1 Devonian 29 Warrants Detroit Aircraft.. Detroit Compensat'g Axle Corp com..l Det Gasket & Mfg— Common 14 26 (R G) 5% preferred lo Supply coin 10 6% preferred Derby O & Ref com * Detroit 13 Edison Bros Stores— 6 6% pref Mfg.2% 4" 5 Common 25 23% Laboratories cl A. Duncan El Common Common Courier Post— Preferred 13 55 Detroit Gray 1% (Allen) Mfg Co 4 Economy Groc Sts.* Eddy Paper * 100 Dexter Co 3c Coty Inc. 10 .1 Preferred. 5% 13 13% 24% Detro t Paper Prod 1 Detroit Steel Prod.* 16 Converse Chrysler Corp Cin Un Stk Yds.. 100 Preferred 18% 1% 93 55 48 9 8% 10 12% % 16% 7% 2% 1% 7% 14% 40 39 114% 10 com.. Cont Steel Corp 103 110 com..I.* (Dei)...6 Preferred 70 * preferred 18% 1% 91% 8% Cont Screw 11% % 16% 35% 45% 15% 7% % 6% 13% 3% 27% Cont'l Oil (Mex)...1 Oont'l Roll & Steel * 185 101 3% % 13% Mot-.l Continental Oont'l Oil 25 65 3% % Cont Diam'd Fibre.5 5 13% 103 19% 24% Foundry A. 3 Hosiery 6 % pref 10 Chic Daily News..* 19 * 20 8% preferred.. 100 % 2 5% 2% Dentists* (The) 1% 6 % 13 15% 25 15 7% preferred.. 100 Baking Class * Silk 1% 5% 15 23% 5% 37 Dennison Mfg— Class A 92 88 c c Continental 4% 16% 8% 5% 5% 1% * Eastern Del Rayon A com .15 De Mets Inc pref..* 6 18 107 104 Dubilier Condenser 1 Mont 1 15* E istern Roll Mill..5 10 De Long Hook and Eye 9 Class B * Drl Steam Valve..5 Driver Harris Co. 10 Preferred 100 Du 9% 18 A_* n-c 1 30 com Part conv 5 70 ~8% Dresser Mfg com..* Dresser (S R) Mfg— 7% 100 Gilbert Corp Dejay Stores 111 V t c A "6" 5% 7 14% 5%prefvtc Consumers 50 common 4% 16 Deisel-W;,mmer 1% 82 6% 18 2 7% preferred - 3 Lithograph Tool uts 88 -. Certain-teed Prods .1 6% pref 6% 76. Film 7 1 Preferred 58 83 Cons 5% 15% 14% 35 Deere & Co 7% 9 Deep Rock Oil & Ref 7% preferred.. 100 22 7% 83% 4% 10 Violetta Fibre 21% 56 5% 80 6%% prior pf 4% 7 Decker(A)& Cohn 10 8 118 3 * -.100 Eastern. Footwear. 1 25" 15 * Class A Decca Records 100 7% preferred.100 15 40 8 Weather Strip 6 % 7 Mfg Common 27 Oonsol Car Heat. 100 Cons Cigar Corp.. * com.l com 13% 8% 26% * 22% 1% Cent Ir & Steel-_ 100 Childs Co 13 Congoleum-N airn. Congress Cigar 45 Conv Nast 116 Drug.. East Dairies Ltd % Dayton Rubbe 5 Pub..* Gases com 21" 13 Warrants Compressed Indus Conde 77% 20% % 6% Hammer.—* Davison Tlhemical.l t c ext—1 v 5 % preferred ..100 Dow Class B 43 Darling Stores Corp $2 partic pref * Davega Sts Corp-.5 5% conv pref. .25 Davenport Hos'y..* Shoe Mach 3% 19 * Pure 15% 68 40 Chester 15% Oompo 6% preferred-. 100 Board 11% % 17 . Checker 31 11% 94 48 Airport. Central American Plantations ...100 Central Cold Storage Common 20 Charis 28 64 5% cum pref.. 100 Corp—15 1st preferred * $7 preferred * Central Aguirre Champion 17 86% 1 7% 25% 74% * Wright Corpl Dailey Corp 1 Darby Petroleum..5 Darco Corp 8%pfl00 Dardelet Thr'dlock * 2 15 16% Celluloid Cutler li* 1 85 20 24 * 90 107 5% 41% 7% 25% 7% cum pref. .100 $8 cum pref * 86 83 t c * v $2 preferred * Combustion Eng__l Oomm'l Solvents..* Oom'wealth Dist-.l 105% 19% 7% prior pref. 100 1st partic pref. 100 Chain Belt 12 4% Cushman's Sons— 4% Jan. 11 26% pref..* Parts com. 43 Oelotex Co com—» Ohamberlln * k Oolum Carbon 2 * * Class A 15% 119% 6 Co common..20 6 % % prefeixed 100 Columbus Auto— 3% 1 43 4% Vot tr otfs com..* 6% 108% 15% 47% 108% • Curtiss $2.75 19 14% 47 100 16 3% 118 $8 preferred 14% 38 1 Common conv 9 14% 57% Curtis Lighting Curtis Publish 1% % 2% * Conv prior pref..* com * Dun 42 17 Columbia Pictures— 250 7% $7 preferred 2% Columbia O & G 120% 4% 65 4 15% 15% Columbia Mills.. 100 14 119% % 2% 10 70 69% Duff Norton Mfg__* 35 87 7 Common 10% 6% •% 5% 8 Doubleday Doran.* Douglas Aircraft..* Douglas (W L) Shoe Dryden Paper % 10 Tobacco—* Preferred 4% 19% 7% B'castlng Sys Inc class A 2 % 3% 1% 18% 13% 89% 40% Cunningham Drug Stores com 2% 3 1 Stores..* Preferred 5% Preferred .100 Cudahy Pack 50 5 Columbia Baking..* Preferred ♦ 84:% 1 Caterpillar Tract. .* 5% preferred .100 Celanese Corp * Cuban 15 85% 25 4 29 6 Cuban Atl Sugar— Common 7% Oolt's Patent Fire !§* Catalin Corp. Cen 7 3% Castle (A M) Co..10 Central Paper Preferred * Warrants;.. 25% 17% 17% 3% 11% 2% 9% Ouneo Press 2% 4% 19% Ordinary shares.. 6% conv pref Arms Mfg 4 57 Cuban-Am Sug 24 15 Dominion Bradstreet Corp.* 10 7% preferred-.100 9% * % 1% * Cuban Am Mangan 2 Colon Development 7% 11* 25% 50 Case Pomeroy. Cent Foundry 100 57 7% 6% preferred—10 Cuba Co 37 81 7% preferred-.100 Crystal Oil Ref * 38% 33% 1% 16,% 13% 87% 40% 25 34 35 $5 conv pref * Crucible Steel—100 Collyer Insulated 87 62 Preferred 29 18% 2% 9% 33% Crown Zellerbach_.5 106 ~4~" Central Crown Drug com 25c 14% 102% 145 25 Dow Chem 132 23 107 100 Coal B 29 2% 17% Seal.* $2.25 pref w w._* Preferred x-w...* 110 Colonial Beacon Oil * 6% Co__100 Associates 101% 28% 104% 5% preferred. .100 Collins Co Capital City Prod.* Carborundum Co..* Carey (Philip) * 6 % preferred . . 100 6% preferred-.100 Carib Syndicate.25c Carman & Co A—* Class B * Carnation Co .* Carpenter Steel 5 Carrier Corp 1 Carriers & General. 1 Carter (J W) Co—1 Oasco Products * Case (J I) Co 100 7 % preferred. .100 Case Lock wood & Central 16% 14 * Collins & Aikman.. * 2% 2% 27 Crown O'k <fe Colgate-PalmollvePeet common 2 26 131% 61% 60 8 %6 Crown Cork Int A_* 1,000 Coleman Lamp & Stove common..* 100 100 Can Indus Alcohol CI A voting * CI B non-voting.* Can Locomotive—* Preferred Brainard 130 Per share 16 15% Dominican Coal pf 25 Dominion Glass. 100 Preferred Ask Bid Par Dominion Steel & 9% Crowley Milner * Prior Preferred.50 3 22 109 87 84 6% preferred 100 * Invest Corp 7 -.100 Preferred Crown 2% 25% 128% * Coca-Cola Co 100 22 37 27% Crosley Corp * Crowell Publish'g.. * 2 14 Class A * Coca-Cola Intern..* 3% 21 43 * of New York 12% 100 54% 35 Peabody...* 7 % preferred. .100 Coca-Cola Bottling 16 31 5 Orocker-Wheeler ..* Croft Brewing 1 20% 27% 21% Creole Petrol 4% 19% 39 * Stocks 20% Creamery Package.* Cream or Wheat Stocks trust ctfs_* 53% 1% Cluett 104 5% Petroleum (Md).5 Club Aluminum Utensil com 36 1 Airways Canadian Dredge & Dock * Cliffs Corp v t c Climax Molyb¬ Clover Val'y Lumber Preferred A 100 2% Can Wire & Cab A_* 3% 18% * Common. 2% 8% Canada S3 Lines._* - Ask Per share Worsted Mills 70" 66 B Bid Par 8 7 denum Co * Clinchfield Coal. 100 Preferred 100 Clorex Chemical * 12% Canada Packers...* Cleve 8% 10 Class 5% * Clev Un Stk Yds..* 53 Stocks Ask Per share Per share 6 3 98 Can Dry Glng Ale.5 Canada Forgings— Class A * Bid Par STOCKS MISCELLANEOUS & Quotation* for all securities are as near as possible for the closing day of the x 4% 44% "5% 39 Ex-dividend. feb., 1939] industrial Quotations for all securities Stocks Bid Par Ask ~er Fairchild Aviation. 1 Fairchlld Eng & Airl 11 % 3% Fajardo Sugar 20 Falstaff Brewery-_1 6% convpref 1 Family Loan Society 27 8 90c Corp Vtc 11% Gen Cigar common * 23 3% 28% 8% 7% preferred--100 Crude Oil--2% 125 Gen General % % 26 r com., t 18 common Fanny F'mer Cand * Fansteel Metallurg * 20% 5% - 21% 5% General 6% Earns worth Radio & Preferred 7% 7% 2 Fedders Mfg 5 Federal Bake Shops* Preferred 30 Federal Compress 11 5X 4% 18 6% 5% 17% Gen 142 99 45% * 9 $7 preferred--100 Fisk Rubber Corp.l 12 72 6 % preferred. 100 Gen Tire & Rub— 5 _ 24% 12 X 27 % * 22% 101% 40% 10% Class 14% 28 5 Gimbel 16 2% 8 4 6% 31% 107% li. 3% 6% 100 * 4%% Am dep rets ord.. Ford Mot of Can 100 7 Class A 3% * 21X 21% Class B * Ford Motor France * Francisco Sugar-—* Franklin Process -* Franklin Rayon 1 Franklin Ry Sup..* Franklin Simon see Freeport Sulphur.10 1 Preferred 100 Fuller (G A) Co— Common 1 $3 convertible 1 Houston* Gamewell Co. ...» $6 conv pref Gannett Co inc— $6 conv pref * ... * •Gardner-Denver * $3 conv pref—20 Garlock Packing..." Gar Wood Indust..3 Gaylord Container 1% 12% 32% A 4 4% 12 % 13% 2% 12% 15% 26 Transport ation. % 7 17 Without 32% 104 3% 7% 1 50c 56% 2 15 78 134% 4% $3 96 21 102 74 1% % % % 6% 1% 11% 5 Vara.* --1 pf_ cum conv 80 l.X % % % 17 common. 10c % 16% City St'l._* Grant (W T) com.10 27 23 19% Station Com 2% 2% 3% 12 % 3 100 Gt Atl & Pac Non vot 15 Great Lakes SS 13 10 80 85 13% 63 37 39 6 6% 17 48 % 49% 82 % 127% 25% 29% * Great West Sugar. 7% preferred..100 Greendale Minerals* Greenfld T'p & Die* 11 18 1% 24% 26 5 17Vs 11% 5%% pref.. 2 3 5% Group No. 1 Oil * Group No. 2 Oil...l Gruen 56 9 y8 9 Watch 1 Preferred 25 25 * 12 27 2X 1700 % 5 2% 1900 * % 5% 1 11% Gulf Oil Corp 25 Oil k Last sale n Nominal. 2% 3 37% Harvester 7 % preferred Internat Indus * 100 1 International Match Realization £1 Int Mercan Mar * Int Nickel (Can)..* 7% cum pref.-100 International Paper & Power 2 56% 159% 3% 44% 3% 51% 135% .15 com. 5 % conv pref. 12% 44% 3% 100 Warrants Internat Petroleum Coupon shares. _* Registered shs * _ Internat Prod Internat Pulp * 100 Preferred Internat Radio Name 25% 25% 3% 2% * 70 1 changed to Internat Industries Int Safety Razor B.* Internat Salt * Internat Shoe _* Internat Silver 50 7% preferred-.100 Int Text Book * 29% 32% 26 1% 2% 1% 24% Int Vitamin Corp__l Interstate Bakeries* $5 preferred * Interstate Dept St's* 7% preferred ..100 Interstate Home— Equipment 12 78% 1 Class B * Hoe (R) class A. .10 Prior pref 65 22 ~8~~ 4% 9% * Preferred w w_ .25 Jackson (Byron) see Jacobs (F L) Co 1 7% preferred Common 6 21 5 * ... pref 98 Holophane Co Holly Sugar.. * 7% preferred. 100 Holt (H) & Co A. * conv 21 18 8 % 8 *44% 105% 10% 12% 45 109 12 12% 110 95 . 1 8% % 9 88 93 100 89 92 Hooven&Allison.lOO Horder's Inc com. Hormel & Co com-. 95 Preferred 100 Horn (A C) com I Prior preferred..5 Horn Hard't(NY).* Hotel Statler com.* Hotel Waldorf-Ast_ 1 H 3 ' 4% 35 5% 37% 10% Dec. 16 20 1% 22 1% 69% 106 70 106% 1 6 7 pref_20 18 20 (Harvey)_5 Flumble Oil & Ref__* 7 12 7% 15 37 10% 7% 66% 11% 7% 67 Fibre 6% preferred 20 Hupp Motor— 1 Hussmann-Ligonier » Common 70 3% T% 10% 00 00 1% Laughlln Steel common. 100 29% 3% 2% 1% 12% % 8% 8% 53 Joslyn Mfg & Supp.5 lulian & Kokenge.. Kahler Corp 100 39% 23% 125 Kalamazoo Stove & Furnace com 10 . 15% * 1 K O Stk Yds Me. 100 Preferred 47% 100 90 Katz Drug com-1 Kaufman Dept St's 4 New 1 common 8% 5% conv pref.100 Kay nee 10 Preferred 7% conv pre' 100 Keith (Geo C) Co— 7 % preferred- 100 Keller Dorian Color . Film 90 3% 100 Kayser (Jul) & Co_5 Keitb-Albee-Orph— 4% 14% 15% 95 21% 23 see "s" 5 9% 98 82 Kelly Sprlngf Id Tire Common 4% 80 x ..20 Kellogg (Spencer) 3% 2% 1 7 % pref unstpdlOO 7% prefstmpd 100 94 128 Kane Carburetor. Field Hudson Mot Car..* * 7 % preferred-. 100 14 Hubbell Johns-Man viile 3% 6% 22% 70% Jonas & Naumb'g2 % 13% conv 16 Johnson Oil Ref * Johnson Tin Foil 6 Metal 100 Jones & * $1.50 1% Electric..* 14 .... 31% Houston oil (Tex)— Vot tr ctfs 25 Howe Scale com * 1st preferred.. 100 3% 23 Jefferson Lake Oil % Preferred 10 Jenkins Bros 25 Jewel Tea ♦ 24% 29 com 2% 13 B" * 12 * Oil Jefferson 19 1 23% 104 oudaille-Hershey— Houston Jar vis (W P> Co Jeaunette Glass 9 15% 7% preferred..100 7 Hooker Electro Chemical com .100 Huylers Inc— 2% 37% Int Irving Air Chute I Irving (John) Shoe.l 15 Gulfboard Oil 21% Publishing pref..* Iron Fireman vtc 8% preferred.. 10G Guardian Coal & 69 % 176 Int Cigar Mach * Internat Educational 56 Common 5 Hunter Steel com..* 31 3% 12% 2% 22% Mach..10 45 Humine!-Ross 11 7% prior pref.100 Int Business Mach.* Internat Button Hole * 18 68 91 Interlake Iron * Int. Agricultural..* Hires 19 29% 83% 25% . * 14 1% 18% 109 150 * Intertype Corp 18% 1 » 100 Steel Interstate Hosiery.* Engineering com 1 Guantanamo Sug__* 3% 15% 18" 9% % 26% 6% preferred 18 Material Grumman Aircraft 3 % 15 par value, 27% . 96 5% preferred. .100 14 Indus Finance vtc 1 Preferred 100 16 (C E) Co A 1% 1% 35 Indus Machine 1 industrial Rayon..* 91 Household Finance Common * 6 (L) & Bros Greyhound Corp..* 5%% preferred. 10 Griesecfieck Western 23 7 10 ... 10 Class A 136 34% Groc Store Prod.25c 4% 2% 38% 24% 2 . Brew 26 31% 17% 24% Class B 135% $6 preferred.-100 $1.50 preferredGreen (H L) Co 1 4 83% 128% 37 16% preferred..5 5% preferred.. 100 2% 37 Greif 1% 2% 10% 35 1 Preferred Great Lakes Term W'house (Ohio) Great Nor Pap...25 101 19% Tea com 1st preferred.. 100 Great Lakes Dredge & Dock com....* 13 56 43 19% 10 12 95 % 12 % 5 3% 8% 6% 4 % % * $5 conv pref. .100 Hiram Walker see W $5 17% 12 I Spencer Hollander(A)& Son 5 Holland Furnace. 10 27% 23% 10 40 3% 7% 5 Common $1% 55 108% 8% Bart & Co com.25 Hilton-Davis Chem1 1% 33 $1.80 prior pref..* Gray Telephone Pay 37 Hibbard 7% 13 53% 25 Hinde& Dauch com Preferred 15 pref conv 135 19 100 Preferred 100 Hiawatha Oil & Gas Common 5 10% 19% 19% Silk 6% preferred...20 Graten & Knight. _* 9 $4 % %A 14% 100 Preferred 55 r A_* Grand Union 8% 76 6% preferred.. 100 Hershey Creamery _» 74 3% Iron 1.03 * * Preferred 19% 10% Granite 40c .93 A 7% 3 Hercules Motors * Hercules Powder..* 14 Granite City Pig General Box Corp.l General Bronze 5 Class 50 com Preferred Grand Raps 6 138 7% pref erred.. 100 Gen Candy A— 5 Hendey Mach Royalties 10% 98% 2% 2% 73% Grand Nat Films. Grand Rapids Brass 1 7% 17% 11% 55 * 32% 102 * 7% preferred.. 100 Graham-Paige Mot 1 6% 135 General Cable 7 6% 11% 7% Class A * 8% 7% Heller (W E) com.2 9 7% Preferred w w__25 k 26% Jan. 20 Preferred xw 25 Helme G W) 25 117% 113% 7% non-cam pf 100 160 159 Helvetia OH 1 25c 20c 30 2% 16% Hosiery 5% * _ ~2% * Gotham 24% % 5 5 Baking $8 1st pref 9 Gorham Mfg v t c_* Gossard (H W) * 3 4% 10% 4 * $3 preferred 'S" 24 % 46 * r Preferred Gorham Inc 24 8 General Heileman Brewing. 1 Motor Parts Corp com.3 Helena Rub stein._* Common Canada 28 4 20 15 10 2 1 $5 conv pref * Goodyear T & R of 3% 5 Preferred 6% 11% 61 Conv preferred.20 Gen Alloys Co * Gen'l Amer Oil of Texas common..5 Preferred General American 7% class A pref.25 Hecker Prod com._ 1 1st pref Sewing Hearst Consol Pub 59% 11 30% 20 * Gen Class pref. .50 $5 preferred Goodvear Tire & Rubber com 3 3% 4% 89 16% 5% conv pref. .50 Accept'ce Corp 30 39 2% 2 % 3% 10% % Galveston 46% 6% Oil non-vot A CHss B * Indus Accep Corp— Cum pref. 100 Indus Brown Hoist— . 48 __5 108 Fuller Mfg com 1 Gabriel Co cl A * Gair (Robert) cora.l $3 Preferred 10 Gallager&BurtonA Hazeltine Corp * Hearns Dept Stores 15c 6% 6% 3% Interchemical Corp * 6 % preferred 100 Intercont Rubber. _* 104 101 12 5c Terr Ilium Inland 6 3 * 11%. — 46% 2 Hazel-Atlas Glass.25 8 Ingersoll Rand 5 Hewitt Rubber 5 Hevden (-hemical.lO Heywood-W akefield 33 % — 94 * 10 75 40c 80 <■ 5% 23 5% 21% * conv * * 4% 1% 5% 19% 14* 50 pref.100 4% 27% 10% Goldblatt Bros 3% 12 Hendrick Ranch * ....* 21% 1% "1% 30c 21 J* .5 com. 4% 21 65 2% Indian 134 pref * Hawley Pulp & Pap Common 1 $7 preferred __* * 1 com 15 11% 7% 7% $7 conv % * Indian Refining. .10 Indiana Steel Prod.l Class B Goodrich (B P) Fruit of the Loom Units Fuhrman & Schmidt Brewing 6%% prefww 100 Hathaway 15ak A. 95c -.100 Fuller Brush 3% 70% 6 1 62 5% 4% 25% Investing. .* Partic conv pref 15 Fruehauf Trailer.-l 5 3 Indiana Pipe Line 10 1 Hat Corp class A..1 Class B n-v 1 20 5 7 Hein-Werner 57 23 Froedtert Grain & common 10% 1 90c Four Wheel Drive.10 Fox Film class A * Fox (Peter) Brew--5 F-R Publishing * 20 30% Pneum Tool * Indian Motocycie..* Preferred 10 Indiana Gas 6c Chem $3 pref Indiana Limestone 7% "% Hershey Chocolate. * • of Canada 1% * 15% Brit & Irel'd Common 100 25% * 1 Foreign shs A Foundation Co 6 Goebel Bre>* ing Golconda Petrol 1% $7 conv pref Foundation Co 47 * Preferred 6% 7% 27% 160 Hart conv 7% Dec. 2 16% 16% 16% 16% 1% 1% £1 Independent 102 6% Cooley 25 Hartfd Rayon vtc.l 6% rets Am dep rets ord £1 8 24% 6% * Common 22% 4% 20% 45% 5% of G' 138 5 Schaffner and Marx Harvard Brew Haskelite Mfg Indus imperial Oil Ltd » Registered shs * Imperial Pictures.. 1 imperial Tobacco Imperial Tobacco 39 7 38 14% pref 50 Cla«s A 3% 27 Preferred 50 Goodall Worsted.50 Good Humor Corp 1 dep rets Fort Pitt Brewing-1 Foster Wheeler.. 10 Malt conv 7% 37% 22% 100% * Preferred Hartman Tob 26% 5% 10 of Canada com..5 59 6 11% 55% Knitting..2% Wernicke 27 5 Preferred * Gobel (Adolf) Co-.l Godchaux Sugar— 2% 4% 2% 9% 45 * Globe Ford Motor Ltd— Preferred Co.. Class B com - 1% 6 7 * 5 Globe & 5 - 21% Bros Glidden 31 5 * 28 * $6 preferred * Gleaner Harvester.* Glen Alden Coal * 2% 11 106 99% 21% 100% 5% 4% _ 10c 3% 4%sconv pref.100 French 26 * $5 conv pref Gilmer (L H) 14 15 8 * 18% 10 Food Machinery._ 10 Am 50 (A C) Preferred 16% 1 Foote Burt Preferred Gibson Art W Gillette Saf Razor.* • 12% IX Giddings & Lewis. 2 Gilchrist Co -.* 5c 27" 1% 50 com 17 104% 27 100 / 2 24 107 100 Illinois Brick 102 Hayes Body 35 Follansbee Bros » Preferred 100 Follansbee Steel— Preferred 5c 6 25 Ask Imperial Chemical 10% 100 llart & 108 Giant Portland— 32 * Bros Gear Mach com 1 com 33 _ Foote B 4% 4% Georgian (The) Inc * 8% class A pref-20 30 Florsheim Shoe com* Flour Mills of Am * w 98 Gilbert Fllntkote Co com..* Fla Portld Cem u t s. Florence Stove * New 21% 6% cum pref A100 Genessee Brew A-.l 16% 102 HarnischfegerCorp 10 32% 26% 12% 14% Ideal Cement 2% 10 4 * Harris Seybold Potter com 9 3 * 9% 9% 50 $5 preferred 32 pref Preferred Harrisburg Steel ' Refractories..* Cement 10 J* 70 38 23 86% conv 24 2% Refractories com * 6% preferred.. 100 6% 35% 90 Gen Theat Equip..* Gen Time Instru..* Hygrade Food Prod5 Hygrade Sylvan * 6%s conv pref * Harbison-Walker 1% 23% $6 rA Bid Par Per Mfg— Hanna (M A) $5 cum pref 124 23 % _ 46% Gen Stoel Casting— Common * 95 6% preferred-. 100 FitzSimons & Connell 8% 107% -. 146 100 X * 21 25 General Print Ink.. 1 88 20% 18% A .100 . 37% * 17% Filene's(Wm)Sons .* Finance Co of Pa 100 Firestone Tire & Rub Common 10 Preferred Fohs Oil 65 $6 preferred * Gen Rayon A stk..* Gen Ry Signal * 6% preferred 100 G Trading Corp. 50 Preferred 1 Flat Am dep rets— 10 Fidelio Brewery__.l % Field (Marshall) see "M" com 33 Preferred F D & D * 1% 4% 3% 23% 3 75% 127% 5% 6% preferred--100 Class A 20% 100 46% 123% 11% 87 Stock* 10 20 Hamilton Watch..* $6 preferred 100 Hammermill Paper— Common 10 6% cum pref..100 Hammond Instruml 38% 117 18% 7 Ol A pref part-.10 . 38% * 86 5th Ave Coach—26 105 - 21% Federated Dept Sts * 4 % % preferred 100 Ferro Enamel I 13 126 pref Hamilton 13 12% 115 Ask, 5 Hall Lamp com * Hall (W F)Print'g 10 Haloid Co.. 5 3 12 * Gen Optical 34 X 4% Federal Motor Tr__* Fed Screw Works..* First Nat Stores Fishman (M H) 17% Gen Outdoor Adv't'g Common * 21 .33 Warehouse__25 Federal Match units ser 17 pref.-100 Gen Plastics.. & 6% pref 40% Motors.-10 $5 preferred 4 7 * & Alabaster Ltd.* Hajoca Corp— * Preferred 100 4% 40% 95 73 Mills cum Genera] Television new__5 Fashion Park com.* Bid Par Gypsum'Lime 23% 2% stocks fthe month preceding the date of Issue Per share Ltd— Elec dep rets reg £1 Gen Finance Corp Gen Fire Exting—* Gen Fireproofing..* 7% preferred.-100 Gen Foods Corp.. $4.50 preferred..* Gen Machinery * 4 % % preferredlOO 1 2 o Stocks 129 4 General Electric—* 1.00 18 50c Ask Bid Par miscellaneous Per share 23 % 65 pref. * Class A Famous Players Can Stocks share Am New commonNew preferred S3.50 partlc Famise Corp & possible for the closing day are as near as 1% Quotations for all securities are as near as Per share Cony class B Class 70 io h 1 1 A 5k 6k 6k Kendall Co com.--* $6 part pref A * 90 Kendall Refining-10 14% 5 Kennedys inc 5 $1.25 conv pref-.* Ken-Rad Tube & Lamp A * Kerlyn Oil cl A 5 15 9 4 Key Co common..* 3% 5k Keyes Fibre com..* Class A * rA 6k 2k 4% Ludlow Valve— Preferred 12 a* Kimberly-Clark —* Mfg Corp 1 Klein (D E) Co... Kleinert Rubber.. 10 Knitted Padding-_* Knott Corp 1 Kobacker Stores— * Cum pref 7%.100 7k 10 13 14 67 a* 11 k 12 5k r Corp Landers, Frary & 3 k 60 * 17% * 50 Marion St Shov—* Lanova Corp 1 Lanston Monotype Machine Co. .100 54 61 LaSalle Ext Univ.-5 2 6% 2 k 13 100 Cement 4% cony pref. 100 Lehigh Valle«r Coal * 6 # cum conv pf 50 Lehigh & WilkesBar re Corp * Lehman Corp.r— See * Liberty Baking Lib McNeil & Lib.* Life Savers Corp 5 . Llg & Myers Tob.25 Common B 25 7% preferred-. 100 Lily Tulip Cup-.. * Lima Locom Wka Lincoln Printing. . $3.50 preferr d__* Lincoln Service. .100 d* Preferred B 100 210 232 s54 2!« 112 18 5 30 30% 45 50 12 k 12% 1st $6 pref . 1 10 21% 114 2k 21 17 27 J* 11 k 13 k 31! 81 V 29 3% 105 5% 5% 38 k 102 39 k 103 k 175 103% 104 177% 16% 32 k 4k 17 k 33 k 31 34% 5 li* 42 8k & McGraw-Hill * 1 18% 13 * 2 100 10 15 k * 1% 11% * 50c pref McKinney Mfg McLellan Sts com.l 8 pref-100 91 6% conv 24 21 % 12k 30% 8k 48 106 k 13 k * 9 Lone Star Cement-* 56 10% preferred serA* 67 50 86 Mead Johnson . 20 k 10% 15% 1% 125 com 10 50c * Mengel Co 5% __1 1st pf_50 Proper_5 conv Mercantile Mercantile Stores..* Preferred 100 50 5k 25 8% 14/2 86 Sec Co class A 4 1 % 4 2k 13 31% 17 % 89 4 % 28 10% 6 6% preferred-.100 115 118 Lino.* 20 * 50 Mfg.. 100 100 Scott * com 6k% pref A100 * 5 48 k 14 9% 56% Mesabi Mesta Iron 1 Machine 5 Metal Textile Corp Common 25c Partic prefence.15 t Named changed to Omar, ..... 100 Inc. jy* 62 60 63 88" lk 92" 3 15% 13% % 16% 13 % 5 "5% "2 54 % 36 Murphy (G C) * 5% preferred. .100 Murray Corp. .10 Murray-Ohio Mfg Muskegon Piston Ring com 2.50 Muskogee Co * 100 '7' st* 10 17 20 55 56 74% 75% 25 11% 12 69 73 National Supply— 7% preferred-.100 Nat Supply <Pa)._ 10 5%% pr pref..100 10-vear $2 pref_40 Nat Tea common.-* National Tool 1 Nat Transit 12.50 Nat Union Radio.. 1 Co Natomas * 12% 52% 16% 3% 1% 7% 1% 10% 13 57 17 3% 1% 7% AH 10% Naumkeag Steam 38 100 Cotton Navarro Oil.. * Nazareth Cement. 10 100 (Oscar) 5Ih % Jan. * Preferred 14% 4% 3 12 * 46 44 1 20 22 4%% conv pfd 100 Nelson (Herman)..5 67 73% 5% 6% 4% Neptune Meter A..* D 8% preferred.. 100 68 73 %6 % 35% 36% Nestle-Le Mur cl A * * 5% preferred--100 Bedford New 107 110 Cord¬ 5 7 9 100 115 125 Rayon common A 25 1 * 22 7% preferred ..100 New England Lime 97 New Britain Mach units * New Hav Cl com..* pref New Idea 100 * com N J Worsted pf__100 New Mexico & Arizona ; * Land 24 12 11 7 6% 50 60 11% 12% 50 1% Newport Indus 1 * 24 1% 14 % New Process Co N Y Auction * 30 lk 38%' 2% 7% 7% 12% 2% Founders shares.! 10 38% 2% 8% 7% 13% 11% 80 84 * 28 29 1 jy* Noma Elec Corp 1 North Amer Avia._l 7% 54% 21% 4% 17 % 2% N $5 3% N 52% 108% 7% 8 11 54 111 7% 9% 11% 6 Y Air Brake.—.* Y Dock * * pf non-cum N Y Merchandise. 10 N Y Shipbuilding.. 1 4 45 100 5 5 Y Transit Nicholson File 1900 Class B N les-Bement-Pond * No blitt-S parks 65 5 o5% 2!H 17H 39 41 1 1 2 1 1 $6 preferred 3 4 * . North Amer Cement 14% 1 2% 23% 17 Common Class A System Common pref-.25 2% pref._ Class B pref North Amer 47 50 15 Nash-Kelvinator __5 13% 6k 3 k 7% 13% 13% Com class A Com class 8% 4 —* B— ._* prior pref..50 Am Refractories 6% No 5 6 Rayon Class A B 18% 19% 18 20 43% 45 3 * Class * 1% 22 6%% preferredlOO North Central com 1 Nat Aviation 5 1% 30% 40 93 97 Nat Bellas-Hess iiH 8% 12% 5 3% No European Oil—1 North German Lloyd %6 Texas Oil Amer 55 21 1 31% % shares Northern Finance A: Last sale, n Nominal, r % % Illinois Corp * 10% 123 t Company in liquidation. 9 * Nehi Corp com Neisner Bros North Amer Car..20 12% .«* JNat Baking com__l 6% preferred-.100 Nat Battery pref__* 13 «* 55 100 Nat Steel Corp Nat Sugar Refg 39 iik iik Muskegon Motor Fibres i'4 7% pref 38 Nat Automotive 35*' $6 preferred N Nast (Conde) see O Nat Acme Co 5% 68 14 %e Conv part pref..* Nat Shirt Sh Del__* 6%% 6 conv 1 12 1 75 24 8% "3% 31 New Bedford 7 5k Myers (FE)& Pros.* Myles Standish vtc* Nachman Springf..* Narragansett Rac'g 1 30 Service Cos 50 70 * Nat 4* 3k * Nat Screen Serv age 4 Mullins Mfg Corp— Class B__ 1 Preferred 6% % 36 12.50 Nat Safety. Class 3% Mueller Brass Co__l preferred Mutual 2154 14H $7 preferred * Nat Refining new. _* $6 prior pref * 145 % 23 % New Spec cl A Merritt,Chapman A Messenger Corp 109% 17 J" 95% 141 "2 10 Common 5% 26% Murphy VarnishlOO 10/2 Preferred 100 28 Messer Oil Corp Corp. _5 Munson SS Jk 79 Merrimac * $7 conv pref * Munsingwear Inc..* pref A.* 52 27 Preferred 24% 22% preferred..* Products 2% * Common Moxie Co class A 75 Preferred Conv 15 k 26 k . 94% 6 1% 3 Newberry (J J) Co- 22 20 com. Mountain Prod Merchants Refrig.. 1 deferred 100 Merrimac Hat Finance Mount'n & Gulf Oil 1 14 Transportation.. Mereenth'ler Corp A__l .. . k 7% 5% Jan. Amer shares Mortbon Mot Wheel Merchants & Mfrs Partic pref * Merchants & Miners 6k 4 2 com Radiator Nat 3% 19% Pressure Natl Pump cora.._* Mtge Bk of Colombia 94 k 10 54 69 Cooker 5% Preferred Motor 9 2% 17% National Drili 65c 10 10 Shoe Twist <fe Machinery.. 100 Motor Improvement Preferred 58% Preferred Melville Morse 12 126/8 Mellins Food Preferred. 14 % $5.50 pfser B w w* Metal & Thermit..* value, % in 29% McWilliams Dredge* Mead Corp com * 17 k 35 par l°AA 95 Nat Paper & Type— Common 100 (Philip) .V Co Ltd Motor conv 25 5% conv pf A. 100 2% Ay* 10% 88% 20% 9k McKesson-Robb'ns 5 22 % Lit Brothers Preferred No 8 Merck & Co com_.l Loblaw Groc Ltd A* * 85" 6% Pub Plate com Io Morris Plan Indus Morris 6 83 McKeesport Tin $3 36 25c Bank * McGraw Electric 34 com 32% Nebel 53 Plan 4% 46% 30% Nat Oil Products. .4 Prpferred % 50' Preferred 22 37% 37 Moore (Tom) Dist.l Moore Drop For A.* Morris 100 Oil Co Preferred McCord Rad cl AClass B _ Morrell(John) & Co* . McQuay NorrisMfg 4 5k * * $3 cum pf w w * $3 cum pref x-war* McCahan Sugar Refining pref. .100 McCall Corp * McColl-Frontenac Maytag Co McCrory Stores.. Conv 6% pref-100 i6k 3 k Loft Inc_._ See Textiles % 2k 1 * pref..* 2 167 6% preferred 25 Liquid Carbonic * Liquidometer Corp 1 Loew's Bos Thea.25 49% 163% 160 Lipton (Thomas J)— Locomotive Firebox* 161 * 100 * * 49 % .* Class A Preferred A -_10 - Common aVA 45 117% 47% 10 B. * Cum pref ser B__* Montgomery Ward— 46 k 9k Locke Steel Chain .5 4*3 49 112% * 100 $4.50 Pi ser A May Dept Stores. 10 May Hosiery— ~2% Lockheed Air Craft 1 4 "2" 102 3k 29 k 3% 10 .. 1% ioi % 116 16 -.5 Class A Monroe Loan Soc A1 Monsanto Chem__10 15 51 2 * 1.15 3154 27 19. Refg 1.00 L) 1 Corp * Masonite Corp * 5% A conv pf_100 2% 3 41 * 25 preferred .50 Lindsay Lt&Ohem 10 Lion Match 2% 2k pref.. 10 Preferred 29% Ih-ior Preferred Midwest Monroe Chemical-_* lk 24 Line Material Monolith Portland 27 k * 100 Preferred 7k 1 Lessings * Libbey-Owens-Forri * 10 4% 8k Moody's Invest Serv part pref * Moore Corp com..* 6k Ley (Fred T) & Co Preferred 7 21 Nat Steel Car Ltd.* Monumental Radio 1 29 % 80 inc 1 Le Tourneau (R G)1 4 * 5 Nat Standard 3 Monticello Tobac. 10 * 2% 17 100 Stores 4%%pref 22 32 k Leonard Oil Devel 25 Le Roi Co com 5% 17 16 k Trusts. Lehn & Fink Prod-5 Leland Electric 33 5 1 Molvhdenum <'nrp 31 k 3 Leh Portl Cement.25 31 - 167% 29 * Moloney Electric— Modine Mfg com - * -.5 Lefcourt Rlty Corp 1 Conv pref * Leh Coal & Nav * 98 19 100 92 Nat Rub Mach 12% 106 % 26% 7% preferred-.100 Lebanon Steel & Iron Lee Rub & Tire 100 31% Martin (Glen Martin Parry % Master Electric...1 Lawrence Portland Leath & Co com---* Preferred * cum 22 35 12% Math'son Alkali 6% preferred-.100 $6.50 1§* 33 k Preferred 10% 12% $2.50 65* 100 8% cum oref--100 35 % Lawbeck Corp— Loew's inc 18% 8% 5% Mock Judson & Voe Common 100 Mar Tex Oil vtc -.1 4k 40c 30c 1 Mo Portl Cement. 25 com preferred .100 5% % preferred. 10 11 30 Lautaro Nitrate A_1 Class 1% Rockwell. .1 Massey-Harris; 5k o Monarch Mach T'l * 19 41 Pipe Line A Class B Monogram Pictures 1 Monolith Portl Cem 16 17 k 15 15% 15% 8% 3% Leather. 10 24% 5% preferred.. 100 50 14 1% 3 k Margay.Oil Corp..* Preferred 5k 47 4 4% 40% Oil 1.30 101 Marlin A. Preferred... Lion 19% 1.55 19 k Marshall Field & Co* Class B Link-Belt Co Lionel Corp 2% 99 14% 38 k 5% 25 Preferred 6 3 39 Jan. common Common 27 14 1 Wells Co Lerner 10 37 Bakeries— Investm't # 11 % Maracaibo Oil Exp. 1 Langendorf United Class 1 * 100 Preferred 38% 25 National 5%% preferred--* Missouri Kansas Marathon Paper. .25 Preferred 100 4% 7% preferred.. 100 34 common 143% Steel Castings.--* Nat Mfrs &Stores..* 75 14% 170 141% 100 Nation'1 Malleable & 111 1 A 15% 1% 25 Bryant Tnc.. * Lane 125 . Oil Mission 101 24 168 Lead Nat Lock Washer_20 Mississippi Glass— 2 * 73 8 10 6% 8 109 1% 12% 14% 99 pref..* conv Nat Licorice 23 Minneapolis-Moline Power Implera 1 $6.50 cum pref..* Mission Corp 10 * 6% pref B 5 5k Shirt_25 * Manhattan 2k lk * pref conv $4.50 112 7 7% pref A——100 National ** 7% Gas Natl Gjrpsum com.l 8k 11% ,y* Manufac's Trading 1 Mapes Cons Mfg..* Maple Leaf Mill...* 16 14% 112 1 25 154 9k 1 Common Nat Fuel 2% B Manh-Dearborn B "1% 111 % 6% 1% 12% 14% A New class 9% Minn Min & Mfg__* 1 8k 1% New class 14 * 8 Manning Bowman 2% 14% 1 Lanatin 5 Inc--* & Co common r 18 45 Manischewitz 20 51 100 Clark 5 k 5 17 1 Lakey Fdv & Mach 1 Lambert Co Lane 6 k 23 54 8% 10 Oil 7 12 13% 2% 15% __1 110 101 107 24 Products Class A old (I) Sons com * Pref 6%% 100 Minn Brewing 1 Minneap-Honeywell Regulator * 4% pref se>- B.100 41 17 _ $5 1 40% — 23 k 50 Preferred 5% ~i~x Miller Mangel Stores— 43 % Kysor Heater 8% preferred- .100 100 4 Nat Food preferred—* Conv Mandel Bros preferred. .100 Laclede Steel 28 26% i 71 4k Supply common Miller & Hart— 25% 26 k 69 k 4% 9 9 32% 5% 25% 16% 2% 25 * Stpg„* Nat Fireproofing__5 25 108% 42% 98% Dist Prod Nat Enam <Sr Midwest Piping & 26 21 k shares—£1 Midwest 25 Mahoning Invest 100 Majestic Radio & Television com__l Major Marketing--1 Mallory (P R)_. -* Manati Sugar com 1 Option warrants. tKolster-Brand Ltd 8% preferred-.100 Kresge (S S) Co—10 Kress (SB) * Special pref 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* ~4~~ 25 — Nat % Scrip 28 Macy (R H) Co Inc * Mad Sq Garden—~ Magazine Repeater Razor com 1 Preferred * 3% 24 Mid-West Abras.SOc * Mack Trucks Inc.-* MacMillan Co * MacWhyte Co— 13* Koppers Oo 6%pfl00 Kresge Dept Stores I Lago Petroleum Lake of the Woods Milling Macfadden Pub—* Preferred 3 12 % 30% % 2k 6% preferred 5% 8% 1st pref—100 $2 n-c div shares.* Mid vale Co * 124 121 6% preferred--100 7 2k 31 4% 7% pref class A100 7 % pref class B100 % $2 conv pref * Midland Steel Products com.* 4 3k 30% 29 % 10 * Nat Dept Sfcores.. * Oil Corp— Midland * 23% 5% 11% 12% 109% 109% 6% Nat Cylinder Gas__l 4 15 6 103 * Nat Dairy Prod 15 100 Macfadden Newsp.* 55 40 3k 108 % 4 MacAnd & Forbes 10 % 3% 8% 28% ...* (Del)l Nat Container Middle 10 5 Preferred $7 Nat. Cash Reg 8 14% States Pet— Class A vtc * 8% Aluminum Fdy..* % National Candy.--* Nat Casket com.--* 2% 24% 170 169 _ _ l«c* MIckelberry's Food Products com—1 Class B v t c 2k 30 2% 24% 10 7 % preferred 100 National Bronze & 10 6% -.10 — Nat Biscuit 5% 1% * Ask Bid Par Per share Mid-Cont Petrol ..10 153% 106% 6 40 $8 preferred-- — * Kir by Lumber--100 Kirby Petrol -1 Kirkham Engine & Preferred 24* 6% % pref 100 Airpl_50c Corp 9 Sugar—* Michigan 22 1% Luscombe Lynch Gas & OU...1 10 Preferred ' 21% 162% 2 2 Mich Mich Steel Tube.2% 110 % 8k p Kingston Products. 1 Kinney (G R) Inc__l $5 prior pref * 1 Lunkenheimer Co- 27 Ji Kingsbury Brew—1 King Seeley com._l stlf £ 7 1 200 100 100 50 Lukens Steel Wire common— * 4% i 150 Loudon Packing—* Keystone Steel & Amer Mexican Petrol Mich Bumper 6 18 k 106 Louisiana Oil Refg-* 6 k % conv pf-100 Ludlow Mfg Assoc.* 4% % Metrop Playhouse.* Mexican Eagle Oil-* Mexico Ohio «>il... * 46 preferred--100 7% 16 7 Long Bell Lum Common Stocks Ask Per share. 3k 3k A--* * 85 $5 preferred—100 Lougwest Corp---- * 11% Loose Wiles Bis.-25 7 5% preferred--100 8 Lord & Taylor-.100 90 k 1st preferred.-100 15 2nd preferred.. 100 5k Lorillard (P) 10 27 k 5% preceding tha« ate of issue Bid Par Stocks Ask Per share 26 % Kellogg Oo --* KelloggSwitch& S -* 6% conv pref-100 Kelsey-Hayes Wheel possible for the closing day of the month Bid Pa? Stocks Ask Bid Par Stocks MISCELLANEOUS STOCKS & INDUSTRIAL 88 Canadian price. (New stock. 11 Quotation* for all securities are as near as Bid Stocks Per 25 24 10 North Pipe Line. .10 Ask share _ Peoples Drug Stores* 63*% conv pref. *9 Pepsi-Cola J* 153* 523* N'west Engine * N'west Yeast—100 Norwalk Tire & Rubber 7% preferred—60 6 37 * 28 73* 23* 1 Nu-Enamel 1 Nunn-Bush Shoe 2H It* Oakite Products. .20 Ogilvle Flour Mills.* Preferred lOO 163* 543* r lVy* 39 32 3 Phelps-Dodge. .--25 Phila Daily News. 10 Phila Dairy Prod--* $4 preferred * r 160 223* * * Ohio Oil ♦ I* 6% preferred.-100 11.13* * 11 * Ohio Rubber * Ohio Seamless l ube* 7% preferredi..100 Oil Exploration Oilstocks Ltd 95 4 44 1 I" 233* 14 15 93* 93* 113 105 43* 47 23* 100 135 10 150 6% preferred..100 Oldetyme Distillers 1 Oliver Farm Equip.* 100 104 common 5 1H 13* 23 A Omar Inc 1 Oneida Ltd coml2 3* Preferred 25 243* 43* 13 3* 28 23 Onondaga Pottery.* 8 Ontario Mfg com..* Oppenheim Collins.* 6 IV* 29 243* 143* 6A 8 73* 263* % 303* Otis ♦ 23 233* 6% preferred. .100 142 Elevator Otis Steel * $5.50 conv 1st pf_* Marine 46*1 & Manufacturing- .5 193* Outlet Co com * 7% preferred..100 Overman Cushion 42 H 1143* 1st preferred 643* 53* 13* 143 123* 503* 5A 8 33* 14 * 53* 33* preferred * pac Eastern Corp.-l 45 1.65 45 103* 4 * • Page Hershey Tubes Pairpont Corp.. 100 Palmer Bros * Preferred 60 Pan Am Airways. .5 Pan-American For¬ eign Corp class A1 Class B_ 1 Pan Amer Match.25 3 653* 63* 33 18* >'.* 63* 43* 100 2.80 50 113* 43* 103 50c 1 10c 50c 63* 143* 75 93* 103* 6 63* 115 "63* 13* American shares Pantex Pressing 63* 6% 1st pref...100 6% 2d pref. 10 Parke. Davis Co..* — 5 543* 1003* 33* 2 113* 94 8 35 563* u* 97 H3i 113* 413* 42 133* 163* 15 Parker Rust Prf.2 3* Park & Tilford Inc.l 21 10 & Reel common—1 Parmelee Trans—* Pathe Film Corp.-l 7% preferred * Pea body Coal B—5 6% preferred.. 100 Peck, Stow & WilclO Peerless Cement * Peerless Weighing & Vending com 1 Preferred * Pender(D)Groc'y A* * Penick & Ford * Penney (J C) Com.* 113* 13* 9 100 81* 63* 23* 4 3*% preferred .50 $7 conv pref * Penna Industries— .Units Penn-Mex Fuel Cla«3«J Units!? B. Pitts Forgings. Pgh Metallurgical 10; Pittsg PI Glass—.25 lc ii% 7 Plant 33 23 3* 13* * 33* 7% 1st pref—100 A 83* Plough Inc Plymouth Oil _ --5 100 100 -1 57 59" 12 123* 123* 133* 19 21 Preferred Polaroid Corp Pollak Mfg -■ Poor & Co class B. - * Porto-Ric-Am Tob— Class A * 12 .133* 1 22"" conv Vi/ 20 36 41 * 47 49 common—1 1st pf—5 conv 2dpf—50 Price Bros & Co—* 5% 5% conv 16 13* el* 151 159 14 16 23* 23* 23* 25* 23* 2ov/ 123* * 56 216 116 119" 3* Corp com—* Proc & Gamble Timber com..* Preferred Pullman Inc 20 * % "43* 36 40 53* 113* 353* 73* 93* 63* A* 753* 113* 93* 43* 1143* 53* 1193* 1583* 156 preferred— Rainbow 18 2 73* 100 653* 23* Ay* 49 52 13* * 2 3* 33* 43* B.— * preferred 100 Corp pt A.* Class B * Rath Packing. —10 Raybwu.os-Manhat * conv * pref. Rayomer Inc com.. 1 S2 cum pref 25 16" 143* 3 33* 65 65 6 93* 163* II" 32 75 38 513* 123* . ----- & 33* 53* 5 108 783* 243* 253* 93* 23* 33* 3* 23* 114 Class A B 100 & Co 5% preferred..100 100 Rollins Hosiery 1 Rome Cable Corp.5 Roosevelt Field 13* Ross Gear & Tool..* Rossia Int Corp * Roxborough Knitting 33* Ruberold Co * 12 143* 13* 103* 2 15 2 103* 23* 23* 43* 100 1 1 6 183* 3*6 193* 3* 543* 633* 553* 65 112 Jan. 41 27 17 29 23* 23* 40 3 1.25 45 20 203* 23* 23* 212 218 32* 43* 13 21 15 23 H "II* * 123* 243* 963* <39/ 24 7 74 Sloss-Sheff S & 1-100 83 $6 preferred—100 101 (A O) Corp. 10 94 ' nV/ 78 88 103 163* 173* it* 143* Smokers Match..-* 25 Smyth Mfg 53* Socony Vacuum.-15 Solar Mfg Corp 1 Sonotone Corp..--1 Conv preferred._l Sobs Mfg common.1 60 133* 123* 33* 133* 123* 33* 1H 12 11 5 53* South Bend Lathe 5 Works 173* 183* 23* 23* 32 South Coast Corp--l Preferred 100 22 27 113* South Penn Oil---25 32 34 443* 23* So Porto Rico Sug 173* 18 58 60 363* 913* 106 1083* 4* 363* 95 107 Shore Oil & Development-. 100 Greyhound 23* 10 173* Lines common. Southern Groc com. 1083* 33* South'n Pine Line 10 133* Southern Phosph.10 22 Preferred _ — - - - - Webbing Mills. 125 74" Southland Royal..5 South West Penna 77 Pipe Lines new. 10 Spalding (AG)&Br_* 7% 1st pref.-.100 Sparks-W ith'gt'n Co 5 25 * Common 27 31 23* 56 133* 13* 23* 143* 32 5 1 'brlce. Spear & Co. —-1 $5.50 preferred..* Jan. 17 Spencer Kellogg * 133* Spencer Shoe * 13* Sperry Corp v t C—1 109 Spicer Mfg Co * 243* $3 conv pref A—* Spiegel Inc corn.—2 $4.50 conv pref—* Springfield Ice & F.5 90 Square DCo 1 163*' Squibb (E R) & Son* 343*1 $6 preferred * 13* t New stock, x — - - Ex-dividend. 19 5 3 133* 4* 123* 33* 5 53* 53* 8 173* 19 36 37 63* 33* 23* 7 3 - 21 138 S'eastern Sou 173* * 8% preferred.-100 Soutn 80 Canadian 2 1.05 Skelly Oil = 6% cum pref. .100 Skenandoa Rayon.* 5% preferred. .100 Typewriter vtc—* 23* Savannah Sugar—1 Savoy Oil * Snider Packing—-* 22 * 20 283* Smith & Corona Sangamo Electric..* Sanitary Co of Am 8% preferred San-Nap-Pak com.l Units 17 273* Sivyer Steel Casting Smith 19 193* 423* Savage Arms 20 Lamp com..* Preferred Common 17 com..5 r 14 3 18 12 23* 100lr Samson United 20 com Preferred 13* , Salt Dome Oil 133* 42 100 *" St Regis Pap * Simplicity Pattern 1 Singer Mfg.----100 Singer Mfg Ltd— £l Sioux City Stock SIrian 43* Mills com 100 St Paul Union Stock Yards com * 123*| 70 113* 5% preferred.. 100 6% preferred.. 100 7% preferred ..100 St Lawrence Corp.* $2 conv pref—50 Pre erred 14 26 28 $2.50conv pref__* Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car H & L__* Safeway Stores * * 11 243*1 Simonds Saw & Steel ^ J/ Russeks 5th Ave_23* St Lawrence Flour 1 & Co 7% pref.—100 Yards 23* Russell Mfg... --50 Rustless Ir & Steel. 1 Nominal, 33* 90 .3 Typewriter.* 7% preferred.. 100 Royalite Oil Ltd—* * Common . Royal ---* Simon Brewery Simon (Franklin) 6 4,93* 2 1 preferred---* Slmms Petroleum.10 18 Root Petrol Co— common Pub 15 5 $1.20 conv pfd.20 Rose 5 10&25c Store 100 pref Simmons Co 1 Rogers Majestic.. Rosrers Peet 3*6 Dec. 30 43* 53* Simmons Hdw & Pt 5^ * 143* Silver Burdette— "83* 33* 93* 12 100 Rookbestos Prods- * 133* 1083* Simmons-Boar d ma n 19 Pap Box. 5 Preferred * $2.50 preferred.30 SIlex Co Common * Preferred. * - 100 33* 13* * Class — Preferred Shrevept El Dorado Stamped Shuron Optical * Signode Steel Strap'g i* 66 Ritter Dental Mfg.* Riverside Cement— 24 1063* 73* Works common .10 22 103 113 Prior * 100 25 5% pfser AAA 100 Common 93* 2H Richman Radiator Richmond Cedar Preferred Hoist Sherw-Williams -.25 Sher-Wins Can 33* 20 n Warrants 60 173* A: Last sale, 93* 413* 53* 5 (W A) Pen* Shell Transp & Tr £2 * Rights 5V*% conv pf.100 Sbepard Niles Crane 56 106 it* Sheaffer 123* 40J* 25 203* $5 conv pref * Sharp & Dohme—* $3.50 conv oref—* Shattuck (Frank G)* Shawnee Potterv. .1 Shell Union Oil 93* Sanborn Map. 37 133* 163* * 77 55 84 79 303* 23* ♦ Without oar value. 13* 213* Shamrock O & G--1 Sharon Steel Cp—* 273* 183* i t Company in liquidation. Seversky Aircraft—1 Common.. Preferred. 55 ayraond Concrete Pile eommon 75 Warrants Rockwood -----1 7% preferred.. 100 90c St L Rocky Mt & Pacific Co.-100 3*6 Ralston Steel Car— Randall 100 St L Nat Stk Y Luminous 100 100 Co.i. Preferred 5 Servel Co Richfield Oil of Calif Robertson 100 Seton Leather 5s Dry Gds_* of N Y ord shares. 43* 103* 343* 643* 23* Warrants. ordinary Royal Dutch Co 110 S3 .50 conv 1st pf * Radio-Keith-Orph.* common B common 10 Rhodesian Anglo. 10s Rhodesian Selection Preferred 110 Radio Corp of Am.* $5 pref B * New % 13* Ay* 123* 13* 73* 80 Chem.l pref.. 100 53*% cum pf__100 Reynolds Metals..* 53*% conv pf.100 Reynolds Spring 1 Reynolds Tob 10 Riley Stoker 50 25* 58 cum 1st pref. 1 ware com Preferred 183* 33* 143* 60 Preferred .10 Revere Cop & Br. .5 Class A. 10 Roeser & Pendleton * 12 38 8% preferred--100 5% preferred--100 Producers Corp.-25c Propper McCall'm.* Prosperity Co B—* Publication Corp.-* 1st preferred..100 Original pref. .100 Puget Sound Pulp & Process S3 5c 113* 113* 343* 163* 100 common 24 93* 163* 503* 13* 563* Class 14 93* Steel Car Pressed Selby Shoe * Sentry Safety Con.l Serrick Corp cl B.. 1 Rochester Button. _* 8 * Hall pref. "53* * * Seeman Bros——* 13* 213* 5 Republic Steel. * 6% conv pref. 100 6% prior pf A-100 Res pro Inc com * Robinson(Dwight P) 7% 1st pref—100 1 Pratt & Lambert..* Seiberling Rubber.* Seagrave Corp Sears, Roebuck 73 70c 1 Robertson (H H)_.* Potrero Sugar 5 Pref stamped--_5 Potter Co com 113* Robbing & Myers..* Preferred 25 21' 19 123* Vy* 20* w.,25 2d pref $2 conv pref Seaboard Oil (Del) 83* 1013* 53* 173* 33* 143* 2 warrants Richardson .* 10 rights Rice Stix Scranton Lace Scullin Steel pref. 50 Common * Warrants Preferred Reo Motor Car 7% * _ Segal Lock & Hard¬ 10 100 w 1 _ 3* % preferred * Scovill Mfg 25 103* conv Preferred Renner Co - 4 78 Rem'tn Rand com.l B Schwitzer-Cumm Scott Paper y * Reliance Mfg Co Bond Sts.l 8% preferred.-100 "83* Reliance Elec & En; Common Preferred 13* t Product A 1203* 42 * Rademaker 29 13* 83* 213* 38 78 26 IV/ 5 Pocahontas Fuel-100 763* 83* 13* 43* 73* 12 42 Or)— (Thos 5§* 30c 103 Plant Reduction- 83* 3 73* 102 20 Pittsburgh Steel— 7% pref B 100 53*% prior pf-100 5% pref A 100 fn^ 50 63* 65 12 73* 113* 393* 303* Pitts Screw & Bolt.* 7 21 6 5 19 53* * 1 93* 553* 1 Penn Rivet Corp__I Penn Salt Mfg.-.50 Penn Sugar v t c..20 Penn Traffic 2 3* Penn Vy Crude Oil- 3 16 Pitts Coke & Iron--* Pittston Co 443* 63* 283* --* Preferred New Penn Glass Sand— Common vtc—* 63* (Pa)-.100 6% preferred--100 Punta Alegre Sugar * Pure Oil Co.. * ( Switch class A.. 10 Penn Federal Corp.* , 38 Pitney-Bowes Post. * Pittsburgh Brewing * 39 13* 43* pref A__* 3* Pirelli Co of Italy— Am shs 500 lire— 6 1 * 103 73* 3* Winterfront.l Pines 37 15c Penn Coal & Coke 10 Pa-Dixie Cement- .* Class 93* Air¬ Penn Electric Pillsb Flour Mills. _* 5% conv pref..100 6% preferred. .100 Purity Bakeries—* Pyle National Co. 5 Pyrene Mfg 10 Quaker Oats * 6% preferred..100 Quaker State Oil. .10 83* conv 12 2 43* 23* 153* 73* 3* 83* 243* Pierce Petroleum.-* 35 20 pref.25 Remington Arms..* pref. 100 conv Reliable Stores Preferred 45 15 73* 100 Preferred Schulte Retail Seaboard Fin Corp. $2 cum pref w w_» * 7% 1st pref—-100 Reiter-Foster Oil-3* (Illinois) 33* 13* 313* 30 25 $1.50 Pierce Governor--* Preferred 43* 23* 40H Pierce Oil Corp— 8% * Reliance Si eel Pkge Corp..—--5 Pressed Metals Am. 1 30 23* 5 Pierce Butler Rad.5 Prentice 63* A9/ 40 Pictorial Paper New - Class B Preferred 28 99 Reis (Robt) &Co—* A* 40 2 3 13* 2 100 Preferred 23* 393* Phillips Packing—* Phillips Petrol * Phoenix Hosiery.-.5 7% preferred--100 Pick (Albert) com.l l*rairie Oil & Gas.25 13* Machine common* Preferred * Paraffine Co Inc. * 4% conv pref. 100 Paramount Motors 1 Paramount-Publix 10 Paramount Pictures 1 100 Preferred Phillip-Jones Corp * 7% preferred--100 PhiliD Morris see M Potash Co of Am Refining com.._l Pantepec Oil Co— Rig Record com.* Phila Class B 75 53* Parker Pen Phil & Read O & I-* 3* 43* 303* 43* 303* 4 * com 53*% preferred.— Schulte Real Estatel 16 26 31 7 * Mills Ltd Schenley Distillers.5 53*% Pref 100 83* 1$ 3 A Regent Knitting • Class A 143* Pan Am Petrol & Transport 5 $50 par B Pan-Amer SouthernI Panhandle Prod & 173* Pleas't ValWine Col Common 100 Preferred 100 Pacific West Oil.. 10 Packard Motor 11 60 17 A7/* 50 15 * 63*% pref—100 Regal Shoe— Preferred 10 $5 conv pref Pacific Port Cement 7% 3 583* Pitts Coal 20 45 31 2d Penn-Central lines Corp 13* 23* $6 preferred— —— 1 Tire 6% pref * Owens-Ill Glass. 12 3* Oxford Paper com.* $6 preferred A * $5 preference * Pac Amer Fisheries 5 Pacific Can * Pacific Coast Co. -10 Parkersburg 9 1 Pilgrim Explorat--l Oshkosh B'Gosh * Conv preferred..* O'Sullivan Rubber. 1 Outboard Preferred Reed Roller Bit Reeves (Daniel) Phila Insul Wire.--* Ohio Brass B 4 423* As Bid Par Schirf Co Reed Prentice com.* 73* 23* 3* 3* * 3 40 Pharis Tire & Rub-1 Banir Oil 2*' 393* Petrol Heat & Pr—* Red Stocks share 2 Raytheon Mfg.-50c 6% preferred 5 Real Silk Hosiery Mills common 5 7% cum pref.-100 Reda Pump * Reece Button HolelO Reece Fold Mach.10 3* 13* 23* 63* 83* Pfeiffer Brewing---* 14 83* 173* 93* 73* Derivatives.* Petrol 27 17 9 Conversion Petrol 28 1137 Ask Per Par share 253* 113 108 25 1 Co Permutlt 83* 263* Ohio Forge & Machine Corp Ohio Leather Ohio Match Okonite Circle Perfect Pet Milk—----—* Pet Corp of Am---5 4 * Norwich Pharm Novadel Agene Noxzema Obem I* 4 Bid Stocks Ask Per Par 26 6 North & Judd Nor Paper Mills. possible for the closing day of the month preceding the date of issue Bid Stocks 89 MISCELLANEOUS STOCKS INDUSTRIAL & FEB., 1939] j 23* 73* 75 19" 21 23* 443* 143* 443* 143* 45 48 133* 633* 133* 643* 253* 3 27" 27 106 108" month preceding the date of Issue Quotations for all securities are as near as possible for the closing day of the Par il* 11% Staley Mfg Oo 10 7% preferred—100 $5 preferred ♦ Standard Brands._» $4.50 cum pref..* Standard Brewing— ♦ Stand Cap & Seal—1 Conv 12% 80 6% 9^ 97 15% 16* 22 % 24 5 Stand Commercial Tobacco com 1 1% 2 1 conv * 4VA Stand Oil (Ind)_—25 Stand Oil (Kan)..10 Stand Oil (Ky)...10 Stand Oil (Neb) -.25 6 49% 19% Stand Oil of N J..25 Stand Oil (Ohio)..25 103 5% preferred. .100 "4% 29 1% 37% 263-2 2% 4 1 8teel Co of Can 74 10P 1 14% 5% 61 Bag & Paper Corp common Rights 9% 10 Union Carb & Carb * 85% 86 Union 18% 18% "5% Underw Ell Fisher.* Unexcelled Mfg.. 10 14% 6% 96 44 Union 80 . Stroock & Co StrousB 5% 6% Hlrshberg.* Struthers Wells Titusville com * 1.25 preferred..* Studebaker Corp_.l Submarine Signal-25 Sullivan Mach'y. _* "9% Tool Sun Oil 6% cum 9% 2H 2% Union Tank Car 7% 272* 25 * pref.. 100 8 57 % United 59 122 7% 125% 32 33 2% 40 41 43 44 13 17 % 13% l 27% 2% 11% 19% 18% 27 27% 17% 15% Symington Gould— x w 1 1 • _ Talcott (James) ...9 5%% partic pf.50 _ Talon Inc common .5 Tampax Inc 1 Tastyeast Inc cl A l Taylor-Colquitt Co 5 Taylor & Fenn_.100 Taylor (K) Dist.._l Taylor-Wharton 8% 6% com. * Inc.. * Telaut'g'ph Corp..5 Tennessee Corp Tennessee Prod-. Warrants 5 * Term & Trans com.l Preferred * Texas Corporation 25 Texas Gulf Prod * Texas Gulf Sulph__* Tex Pac Coal & OillO 5 zV4 37 7% 43 39% 44% 9% 46% 9J % . Taylor Young Airplane Co_____l 8% 7% 30 32 90 Ctfs sub shares.. 1 Texon Oil & Land..2 Thatcher Mfg » $3.60 conv pref..* Thermoid Co 1 * conv pref...10 No par value, 43 24 1% 27 1% 28% A * B * 4% 1% 2d series warrants. % 4% 6% 5 Dyewood.10 2% 4% 5% 5% 31 32 * 66 66% 1 7% 19% 69% 8% 20% 5 United Milk Prod..* $3 part pref * United Molasses Ltd Amer dep rets. _£1 Unit Paperboard. 10 4% 5% % 3% 5% 6 /A 4% 8% 2% 19% 4% 5% 1% ""% 13 44% 4% 30% 8% ■ 2% 19% 4% 775 8 8H * 2% ' U S Distributing "1% 14% 44% 5 7 850 55 4 .4% 17% k Last sale, 19 n 3% * %_preferred. .100 U 8 Hoff Machin'y5 5 % % conv pf__50 . % 1 5 , 5% 8% 101% 8% 100% 100 Veeder Root Inc ..* Venezuela Mex OHIO Venezuela Holding. 1 Venezuelan Petrol .1 8% Viking Pump % I ' "6% 6% 29% 4% 8% Canadian price, ~7~~ 33 21% 4% 64 Petrol 1 . * Prior pref units Woodward Iron.. 10 Preferred 100 & Mach * 7% pref A 100 6% pref B 100 4% % conv prior preferred 100 4%% series prior preferred 100 * * 1st pref.* pref _* (R) comlO Preferred 2 50 120 48 if* 102 18% 60% 63 55 65 Young (J S) Co. 100 26% 46 21% 30% 3% 19% 44 48 31 35 108 104% 78 79 7 7% 73% 29"" 27 2 1% 105 * 7 % Preferred. -100 11 100 18% 106 41* 80 4 43 86 128 Young (L A) Spring & 17% 17% 26 Wire 26% 45% 46 Youngstown Steel Door common Youngstown Sheet & Tube * 5%% pref..100 Youngstown Steel Car com 1 3 22 18 York Ice Mach 10 26 Bros 5% 7% preferred..100 7% 3% 3% Wayne Knit Mills. Wayne Pump 1 7% preferred.. 100 5 Coach Mfgcl B..1 Warren (S D) Co__* Waukesha Motor. _5 Webster Eisenlohr.* 25 Yates-Amer Mach .5 Yellow Truck & 36% Preferred _ 100 Yale & Towne (Northam) 1 5% 45 Worthington Pump Wright Aeronaut'l-* Wrigley (Wm) Jr..* * Brower 2 Wurlitzer cum. pref Indust * Warren Bros conv 7% preferred-_ 100 Wool worth Ltd Am dep recta ord. Worcester Salt.. 100 7% prior pref. 100 6% preferred—100 Walworth Co ._* 6% preferred 10 $3 2% 6% Woodw'd & Loth'plO Preferred 100 Woolw'th (F W) .10 (H) Good'm Worts com * cum 20% Machinery pref. Preferred * Waltham Watch cl B * 8* 115 5 Wood Newspaper 4%% pref ww 100 * 8 1% Woodley Walker pf 14 75 Wood (Gar) see G -1 com J* 6% Woodall • $3 * Wood (Alan) Steel.* Waldorf System. ._* Walgreen Oo com..* $1 1 Station * conv * Wolverine Portland Cement com 10 Wolverine Tube 2 Waitt&Bond Inc A * Warner Co * "2% Preferred 50 WJR The Goodwill * Com class B * Winsted Hosiery 100 4%% pref....100 3% preferred-.100 DetinninglOO 7% preferred. .100 & 1 Winters & C'mpton 1 Witherbee Sherman 5% preferred..100 VogtMfg » Class B * (R C)...* Wilsonite Corp Wilson-Jones 6% part pref.. 100 Va Iron O & C..100 c. 2% 2% 5% 5 Oil-O-Mat 100 Wlllson Products-.1 1 * t Gas Preferred * v 5c 50c $6 preferred.. Wilson Line Victor Brewing 1 Victor Chemical 5 Va-Car Chemical. .* Wagner Bak 80 Wilson & Co 5 Preferred com Wil-Low Oafet Sugar common..5 Vicana Sugar v t c.3 Vick Chemical 6% 7% * Conv pref * Willys-Overland 1 6% conv pref-. 10 3% 22% 31% 112% 43% 6% Ver ti entes-Camag'y Weisbaum 175 55 r 5 Warren Fdy & Pipe * 2 * 7 % cum pr pf. 100 Part conv& cl A.* Nominal, Van Raalte Co Warren 36 102 1 21 . 4% % * U 8 Ind Alochol U 8 Leather com. 80 43 .5% 32 97 * 1 20 Van Nor Mach Tool5 Preferred m A_* 7% preferred 9 60 $3.85 1% * U S FoiiB U S Freight U S Gypsum 31 $4 preferred * Van Dorn Iron Wk3* 6 Warner Bros. Pict._5 10 7% conv pref. 100 (7 S Envelope 100 Preferred 100 U S Fishing Williams Com class A 12 18 Class B * Un Shipyards B 1 Class A 1 Un Shoe Mach..-25 6 Wm 26 7% preferred.. 100 Preferred 25 United Specialties. 1 8% 3% 19% 53% 3% 18 A 82 Ward Baking Corp— Profit Sharing 25c 10% preferred-.10 Class 7% Chocolate 33 73 78 72 Preferred 100 Unit Piece Dye com* Preferred 100 United 5 Stores Preferred $50 Willcox & Gibbs__50 Wilcox (H F) Oil 1% 27% 8% preferred-.100 Vanadium Corp * Van Camp Milk * Wahl Co 5 t c 73 Waco Aircraft United Merchants v 20 pref 40c Prior preferred..* Wilbur Suchard Vulcan 76 66 7 % preferred.. 100 United Electric Coal Cos com Un Eng & Fdy United Fruit Wieboldt 18% * conv 103 _ 5% preferred 10 Wickwire Spencer Steel common. .10 Vulcan Corp com..* 5 United Screw & Bolt Texas Pacific Land Trust old stk-.100 6 21 Stores com.... 10c $5 preferred * Un Drill & Tool- 6 Mfrs ...1 Taggart Corp $2.50 pref 57 16 37 $3 part pref United Cigar Stores— 6% preferred .100 United Cigar-Whalen United 6 9 % dep ctfs of bear shs Sylvania Industrial * 4% United Drug 29 5 Sweets Co of Am.50 Swift <& Co 25 Swift Internat Ltd— $3 15 Class 18 % Technicolor 55% Chemical. Class 1 Mills class A Class B 1.6% 118% 113 H United-Carr Fast..* United Sutherland Paper. 10 Swan Finch Oii__.i5 Iron A" Steel 39 * pref. 100 United Carbon._..* 2% 36% 34% 2% 2% w w Biscuit conv 11 Superior Steel...100 Susquehanna Silk Common \y* 2 * Common 11 8% 50 21% 39% 100 _ Whittall (M J)— 5%% prior pref.* Valspar com 1 Common 7% 1st pref 5 1 Superior Oil (Cal) 25 Superior Portland Cement A pref..* _ United Aircraft United Air Lines 25* 21% 39% * 1 B 23 TransportUn Artist Theatre 1 5 Superheater On * Superior Oil Corp.11 Class 12 com Preferred com Sunray Drug Sunray Oil 5%% conv pf Stores 8% Mach common 6 25 Pipe common..25 * 7% cum pref. .100 Valley Mould & Iron 6% 85 Whittaker Paper— 7 % preferred 100 Sugar .5 Common 11% * 7% first pref .100 10 Utah Radio Prod-.l Utica Knit Co...100 7 % preferred- -lOO Vadsco Sales Corp— $4 Union Oil of Calif.25 100 16% Whitlock Coil Valvoline Oil comlOO 332 132 Conv preferred. 15 Un St Yds Omaha 100 . Sundstrand Mfg 1% Union Premier Food 9 * 5 5% 3% 59% 1% 12 % Stromberg Carlson.* 6% preferred-.100 3% 4 * * , 10% 9% 3% 15% * Mach _* Common Preferred 33. 47 25 Stone & Webster..* 10 Strawb'ge & Clothier 6% preferred.. 100 7 % preferred- 100 23 22% 31% * Series A pref Series B pref 57 2% 6% com__l com 160% 6% 100 8% 1st pref...100 3% 7% 25 11* $4 conv pref * White (SS) Dental 20 White Rk Min Spgs- Universal Pictures.1 Universal Prod 98 ..1 5% 5% Furn Coach Ulen & Co White Sew 75 Preferred Utah-Idaho 3 $1.50 preferred. _* Twin II" _ 28* 1 11% * Upson Oo com. 12% 80c divconv pref * 20th C' nt Fox Film Common * 13 % Xl% 16% 1 32 82 70% 6% White Motor 11* 3 76 45 19 30% 11% 29 37 * 5% conv pref. .30 Weyenberg Shoe I Weyerhaeuser Timb* Wheel Steel Corp _* 6% Preferred-.100 $5 conv prior pf_* 12 1 A Westvaco Chlorine. * 10% 11% 7% preferred..100 Tung-Sol Lamp 1 A Class * 8 % preferr ed. 10 Steel 5 17% Weston El Instru..* Universal-Cyclops 9 130 * * pref Steel Corp Univ Leaf Tob 4% 4% Chatillon-_l Class 4 * Stokely Bros.. Conv pref Truscon conv Westland Oil Universal Cons OillO 1 3% 3% 5% 6% (JB) 2% Trunz Pork Stores.* Tubize Preferred ..25 Stewart-Warner 5 Stinnes (Hugo)Corp5 Stlx Baer <fe Fuller. 10 4% 28% 2% 2% 4% 27% Truax-Traer Coal..* 26% 107% 6% prior pref. 100 Universal Corp vtc-1 Trojan Oil & Gas of 30 7 % Jan. 10 40 9 8% Products Brake common. _* United Stove 1 United Wall Paper .2 Williams Triplex Safe Glass.* Triumph Explos—2 29 * $6 13 * Westinghouse Elec 6 Mfg com 50 7% 1st part pf.50 * Vot tr ctfs Forging.. _* Delaware M 8% 1% "3% 3% 1 common Preferred A Storkline 8% 5 Daylight Screen..1 % & * United Stores A 13 107 1 com Trico 75 10% Sterling Brewing 1 Sterling, Inc 1 Sterling Products. 10 Stetson Lux 7 Tablet * United Stockyards— Common 1 Conv preferred..* & 71 * 6% 1st pref 50 6% 2d pref 20 Sterling Aluminum Stern Bros 13% 6% * Stationery Westinghouse Air 7 % non-cum pf.25 30 13 Corp 2 Western * Preferred 4% 3% 25 West Air Line Picture Western Newspaper Union common. _* * U 8 Tobacco 2 Trane Co 16 69 105 100 U 8 Sugar Corp 26 100 Preferred 1 Preferred * 7% preferred.. 100 'if* 26 24 24% % 10 $3 preferred * Western Groc Ltd.* .50 U 8 Stores com 1% 11% 94% 3% 100 Dairies Western * U 8 Steel Corp 1% P Trans western Oil .10 t c Preferred 25 Stein (A) & Co com * Preferred 100 Sterchi Bros com. Products Shipbuild Steel Corp— v 5 * 6 Pump Transue & 30 15 76 7 1 Conv 1st pref Torrington Co * Towne Securities..* Trans 39 14% Ay' 71% 3% Pulp Pap..* Common .10 1stpf.100 - Va 2% 12% 26 * 1 Western Air Expr__l West Auto Supply— U SSm Ref &Mln50 Tokhelm Oil Tank Toledo n-cu U 8 Rubb Reel 7 % preferred. dep rets def-_ Shipyards * Transcontinental 4 Stanley "Works 25 Starrett (L S) Co..* Common 8% Am dep rets ord £1 Am Todd 1 U 8 Rubber 64% 4% 4% Steel Foundry 2% 11% W Va Coal & Coke.* W 6 % preferred—50 U 8 Realty & Imp. * Tobacco Secur Ltd— Transamerica 125 Stand Steel Spring. 5 Stand Tube cl B 1 Starrett 9* 33 20 100 Screw Preferred A Stand Silica com iSS* % Standard Plastics Standard Products. 1 Standard 13% 28% 27% 50% 18% 6% 50% U S Radiator... 3 55 pref conv Preferred 15% 1% * * Expts—* Tob Prod 12% pref.20 Stand Oil (Cal) Tishman Realty Tobacco & Allied $4 West Indies Sugar. West Michigan 50 Preferred 46% 46 Stocks, Inc Dredging Common $1.60 2% 12% 21% 1 pref.20 conv U 8 Print & Litho— Common * 13% 14% 109% 29 U S Postal Meter.. 1 137 133 Roll Bear.* Timken 2% Wentworth Mfg.1% Preferred * Wesson Oil & Snow¬ drift com * $1.50 96 95% 13% 4%% conv pref.* Tilo Roofing com__l Time Inc com * Per share Par 1% 41% U S Plywood Corp Common.. 3 13% 13% II* Tide W AssnOil.-lO Bid Stocks Par 105 103% 2% Thompson-Starrett * $3% preferred * Ask. Per U 8 Lines pref * U S Pipe & Fdy. .20 U S Playing Card.10 13% 3% 24 7% preferred.. 100 com.lOc Preferred Standard Thompson (J R)..25 Thompson Prod—* $5 conv prior pf_* Timken-Det Axle. 10 Coated Products 12% 3% 5 Thew Shovel 103 101 preferred. 10 Standard 3% Bid Stocks Per share Par Per share Btahl-Meyer com..* Preferred 100 Ask Bid Stocks Ask Bid Stocks STOCKS MISCELLANEOUS & INDUSTRIAL 90 common Welch G'pe Juice 2 % Preferred 100 Zenith 5 2% _.* 7% 17% 3% 83 , 3% Young (Thomas) Wellington Oil 79 1 Wells Fargo & Co.. 9% t New stock, x Ex-dividend. Nurseries Radio Zonite Products 1 8% 17% 3% United States and Municipal Bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore, furnishing the prices below, it will be found that for the single maturity bond a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 19q1 and is quoted 0.50 to 3 %—would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields 3 %. Taerefore, in the following list, it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and n asked prices Yield Basis Bid UNITED STATES— See Yield Basis To Net or Bonds Ask Ask b 2.25 b 2.80 119.7 4s Dec 15 1944-1954--.J&D 3 Ms Mar 15 1946-1956 M&S 114.21 113.23 105.1 113.26 106.22 106.24 110.4 110.7 3 Ms Aug 1 1941 F&A 3 Ms Oct 15 1943-1945.A&0 107.5 107.8 110.3 3Xb Apr 15 1944-1946. A&O 3 Ms June 15 1946-1949 J&D 3 Ms Dec 15 1949-1952 J&D 3s June 15 1946-1948-J&D 3s Sept 15 1951-1955. .M&S 110.5 110.4 110.8 3 %b June 15 1940-1943 J&D 3 Ms Mar 15 1941-1943 M&S 3 Ms June 15 1943-1947 J&D 2Mb Mar 15 1955-1960 M&S 109.26 109.21 109.3 109.4 107.22 107.25 104.31 4s 4 Ms 5s .... 106.1 105.2 104.19 106.3 104.20 July 1 1939 1939-1960 A&O b 2.00 Sept 20 1941 M&S 103.11 105.16 108.19 102.31 103 & U S 103.1 103.3 102.14 102.16 122 124 110 112 Ms June 1 1939-1948 May 1 1945 4 Ms 1939-1958 J&D Gen fund 4Ms 1941-66 J&D Montgomery— 5s funding 1940-1966--J&J 4Ms Sanitary Sower Jan 1'44 Montgomery Co 4 Ms 1957-59 b 100.4 102.5 102.1 102.5 102.1 102.3 102.13 102.15 102.12 102.14 102.24 102.25 102.26 102.27 102.27 105.15 105.17 104.9 101.10 107.8 107.11 102.10 4 Ms funding 1963 4 Ms July 1952 4s gold 1953 1.00 to 2.95 to 3.50 to 2.90 0.50 to 2.90 0.50 to 2.90 0.65 to 1.85 3s 1939-1968 J&J Sacram'to Co 4 Ms "39-'48 J&D 103 100 30 0.50 1939-53 J&I) Riverside Co 5s '39-'54—M&N 102 101 to 1.25 J&Jlf 0.40 to 2.75 Riverside 106 100 0.50 Redlands 5s to 3.00 32 School No. 1 5s 1945..-J&J b 3.50 Highway 6s Jan 15 serially. 3.25 4.15 b 4.25 105.5 3.50 1946 3.50 J&J b 4.20 J&J b 4.00 5s W W 1940-1950 Phoenix Un H S D 4Mb 1948 b 3.75 Prescott 5s 1948 J&J b 4.00 Tucson 5s Water 1950 J&J 6 3.00 106 3.75 to 3.35 F&A 1.10 1.00 1.00 to 3.15 0.50 to 2.25 0.50 2.75 to 3.00 West Side Irrig Dist CANADA—^ee 5-4s 1943-1948 98 5-4s 1949-1953 5-4s 1954-1960 96 97 95 M 96 M 95 96 M 96 92 93 5-4s 1961-1967 5-4s 1968-1977 100.12 M~4s-. 4M-4s 4M-48 — ... 91M to 3.15 to 2.80 0.40 to 2.55 0.40 to 3.05 0.50 to 2.50 0.50 to 2.80 0.50 to 2.10 0.40 to 2.35 0.75 to 1.00 6s / 40 IONS 91 83 84 91 92 91M 92 M 2.50 % to 0.25 % to 2.40 % % 1.50 % Little Rock S D 4s *39-'55 M&S St Francis Levee Dist— 4s 1944 2Ms State H'way '39-'54.J&D - — — — — - - — - --- 101 to 2.60 to 2.60 to 2.40 to 2.20 0.50 to 3.00 4M» 1939-47. J&D 1.10 to 1.70 % % 2.10 to 2.20 % 1947-56.A&O 1.85 to 2.20 3s 1963-1972 opt 1955.A&0 3 M8 Mun Water Retire % 2.30 to 2.20 % % 2.35 to 2.30 1.85 to 2.15 % % to 3.35 % 2 Ms Sew dist 105 112 2 Ms Sewer to 1.35 % 110M 111M 4 Ms 111 111 112 4s Harb Imp 1985 opt 5s Jan 2 1941-1943 112 4s Jan 102 109M 115M 110M 3 Ms Jan 1 1940-1949 Veterans Welfare— 3s Feb 1940-1952 112 114 1940-1952 2 F&A 0.50 to 5 Ms 1964-1973 5s 1974-1983 0.40 to 0.50 to % % 2.15 % 2.80 % 2.50 % 3.20 115 2.90 to 2.25 to 2.40 to 2.20 to 2.20 6 0.50 to 1.00 6 0.25 6 0.50 to 2.25 6 1.00 to 2.40 6 0.50 to 2.55 6 0.40 to 3.00 to 2.35 to 2.60 98 to 3.50 % to 0.85 % % % CONNECTICUT Funding and building bonds IMS 1939-1943 J&D 0.15 lMs 1944-1958. J&D 1.00 Branford (T) 2s 1940-57.J&D 0.50 Bridgepo-t— 5r lefunding 1939-48._J&J 0.50 2 Ms Refunding 1939-47 J&J 0.35 x Ms 1940-1948 J15&D15 0.40 Bristol 5Ms 1939-1957—-J&D 0.50 Danbury— 3 Ms Fund 1941 tax'le.A&O b 1.20 Darien l%s 1939-1958. _A&O b 0.25 East Hartford (Town)— 4Ms School 1939-59—M&N b 0.35 1 Ms 1939-1945 F&A b 0.35 Fairfield to 3.10 % 1 Ms to 1.70 to 2.10 to 2.00 % % % 2.15 % to 1.70 to 1.70 to to 1.10 to 1.85 % % to 2.25 % to 1.50 (County)— 1939 to 1950 Refunding 6s 1983 Refunding 5s 1983 J&J J&D b 0.35 to 1.60 F&A 0.20 to 1.00 % F&A 0.20 to 1.40 <77 M&N 0.20 to 1.60 3 Ms Bridge 1954-55-..J&D 4s Water 1940-1949...J&D Imperial Irrigation District— 2.75 % % 3.45 — to 2.25 6 0.50 - 2.80 % to 2.20 6 0.50 6 0.50 Golden Gate Bridge & H'way3 Ms series C 1942-1971 J&J 6 1.40 to 3.20 to 3.50 to 3.50 2.25 2.65 to 1.40 Feb 1 East Contra Costa Irrig Dist 6s ALABAMA 2.75 3.40 -J&J 5 Ms 1947-1956 to 2.25 J&J2 6 0.90 J&J2 6 1.70 J&J 6 0.50 F&A 1940-1954-F&A 1940-1954.F&A Alameda 4s 1939 to 1941- J&D 4M8 Mun Imp '39-'48-A&0 Bakersfield 5s 1939-1952-A&O Berkeley 5s 1942-1951—..J&J 5s School 1940-1955 J&J East Bay Mun Util Dist— 5s 1940-1974 J&J J&J J&J J&J 5 Ms 1914-1963 to 2.70 0.40 2Ms Feb 1 2 Ms 2.00 114 D— 0.50 *50. J&J 1944-1948 opt 1955.A&0 Disp'47-'56A&0 Moffat Tun Imp to 2.40 b 0.75 to 1.90 J&J July 1941-1945 1963-1972 b 0.75 to 2.35 2.30 0.50 4s 103 Univ Bldg Jan5'40-65J&J Highway 1939-48-J&J30 1940-1947 F&A Olympiad 1939-71--J&J2 to 1.40 to/1.50 3.65% March 1. 1950-54... 102 CALIFORNIA 4Ms 4 Ms 4 Ms 4 Ms to 1.75 S D No 1 1.50 % to 1.35 % to 2.60 4Ms Water 1962-1965.J&D 5 D No 1 4Ms 1939-53. J&J 6 4.30 5Ms 1955-1965 0.75 0.75 2.70 Ms warrants 1952-'54—J&D i2s Highway ref, 1939-47.J&D 0.50 iColorado Springs— I Ref lMs 1939-1943—M&S 6.0.60 Denver (City and County)— 4 Ms Water 1944 1.70 J&J 0.50 4Ms Ref Wat 1939-67.J&D 2 102M 104M 6 3.10 4s 1958-1960 % 93. 38 warrants 1939-1951—J&D ^ Little Rock— 4 Ms Fund 1941-1950.M&N 48 Water Rev 1939-76. F&A page COLORADO _ 92 M 90 3s 1949 Jan. 1 3s Attorney Gen opt 1944 3s Rose, Hemingway opt 1944 Hot Springs 4 Ms '39-'50.M&S 101.1 1.65 to 1.70 0.25 to 1.45 % % % % Greenwich— 63 3s 1939-1944 1 Ms 1939-1947. 57 2.80 Hartford— 3.00 2.40 to 3.10 ARKANSAS 100.27 8 Ms renewal class O 1956. J&J b 3.00 to 2.90 0.50 Turlock Irrig Dist 6s 106 107M 100.26 4 Ms harbor impt June 1 *39-'73 b 1.00 4Mb highways 1952 M&S b 2.90 4Mb 1956 and 1959.....M&S b 2.95 4s renewal July 1,1956 b 3.10 4 Ms 1942, 1946. 1949—.M&S b 2.70 4s pub highway 1949-51.M&S 6 2.80 to 1.90 1.75 Santa Barbara 5s '40-41-JanlO 4 Ms gold Aug 1943—F&A yo 2.75 % 106 4 -..J&J b 2.25 J&J 112 J&J b 3.35 J&J 112M J&J b 3.10 to 2.25 0.50 4 Ms Water '57 '58, '59.J&J 4MB 1939-1951— J&J 4 Ms Water 1939-1977-J&J 4s Wat Distrib 1939-53 J&D 4s W .t Distrib '39-'63 J&D 2s 1940-1949 -J&J San Joaquin Co 5s '39 '49.J&J 4.40 % b 1.00 to 1.60 1.00 _ to 2.85 0.40 3 Ms g July 1, 1939-44 ,_J&J San Francisco (City & County) 5s Water 1940-1969 J&J 4.10 % 3.75 3.50 to 2.40 — 5s School 194'M966 4Ms Court H86 '39-'48-J&D b 3.25 b 0.50 b 2.00 5s to 1.50 0.40 4 Ms Water 1939-1964 6s Jan 1 b 0.50 b 2.00 1939-51 0.40 San Diego 5s W W '43-'54A&0 5s Water 1939-63 J&J 106.4 to 2.50 to 1.60 4Ms Mun Imp '39-'43_F&/ 4 Ms 1939-1965 F&A Oakland SD4s 1939-44—J&J Orange Co 5s 1940-45 M&S Pasadena 4s 1940 42 J&.' to 3.60 Phoenix 4 Ms *50 opt '30-J&J b 3.75 4Ms 1940-1956 J&J b 3.75 114 to 3.10 Colorado River Waterworks Maricopa County— 101 Tax-free in Connecticut. 1.00 99 98 107.11 25*s 1940-1946 J&J b 0.75 2Ms refunding 1949-49-J&J b 0.70 * to 2.40 to 3.25 4Ms Wh & Har *40-'52.J&J 111 1943 1944 1943 97 95 107.19 b 2.75 b 0.75 to 3.35 2.50 of Southern C ilifornia— 107.8 6 2.80 to 3.40 ref 4s 1946-1986 F&A 6 2.50 Modesto Irrig Dist 6s— Oakland 5 Ms 1939-1943-F&A 6 0.40 111 ARIZONA 100.12 100.24 0.75 0.50 — 106.1 100.10 to 2.25 to 3.00 3X8 Jan 1 194M960—-Lor Ang Co 4 Ms '40•'49..F&A Metropolitan Water District 107.16 1055-6 10556 1055-6 107 56 11156 1.00 2.50 0.50 1939-1945 1946-1961 4s 100 99 100.18 105.3 99 X 100M 2.90 to 3.25 J&D -J&D 104.13 100.16 to 98 J&D A 1940-1977-J&J 5 M« Nov 1939-1960-M&N 5m 1939-1964 F&A 73 103 Tuscumbia refunding 1 %to4 % 102.13 104.10 105 ser Sacramento 4s Jan 1940-19 '5 Ms serial 4 Ms 4Ms Puerto Rico— 1950 opt 5s 1948 opt Los Angeles City High Sch Dis to 3.60 110 5s July 1954 opt to 3.45 102 to 3.70 5 to 1.50 5s to 3.10 Tuscaloosa (City)— to 2.40 M&N to Par 103 4s 2.10s July 20 1941-1945 4X» 1957 456s Oct 1959-_— 5s April 1955... 5s Feb 1952 556s Aug 1941 to 3.55 1.50 J&J b 3.90 101.12 to 3.10 to 3.60 1.00 to 3.50 101.13 1.00 3 Ms 1939-1977. 3.60 104.11 101.11 to 2.90 3Ms J&J 104 106 6s ref pub impt '39-'53 M&N t 101 t 0 110 Tuscaloosa Co 6s Bridge 1941 b 3.20 to 3.00 % 5s Road 1957 M&S 6 4.00 3.60 % 104.10 to 3.40 0.75 3 Ms ser B Jan 15 '77 J&J 3 Ms 1948-1958 J&D 2s 1939-1942 A&O 3s 1943-1949 A&O Tuscaloosa— 5s W W 1939-1957 102.29 104.8 to 3.35 0.75 102 4s 1951 to 1.25 1.00 Electric Plant Revenue— Ref 4s 1939 to 1975.J&D 105 Road 0.50 to 3.30 102 Morgan Co 5s road 1952-F&A b 3.90 Selma (Citv) 5s-6s 1939-1955. b 1.00 2 Ms 1940 1952 J&J b 2.00 102.27 Pub Imp 3.10s '39-'56 M&N b 0.50 Pub Imp 2 5*s 1939-57-J&J b 0.50 4 Ms 1950 to % 3.85 % 3.10 101 4 Ms Oct 1956 opt '46 A&O 115M 117M 45is Nov 15 1939-58.-M&N b 0.25 to 2.50 1940-44-M&S 940-44.M&S Philip Isls 4 Ms 1952 J&J o to 3.75 103 6s 102.25 POSESSK 1.70% refdg 1.75% efdg to 3.40 4 102.3 100.31 Pub Imp 4 Ms 1953-— A&O 1.00 0.50 1940-1969 5s to 3.60 5s School 111M 100.25 Honolulu (City & County)— 5s Pub impt 1956--J&D 15 5s Jan 15 1910-56..J&J 15 3Ms Sept 15 1940-53-M&S Hawaii Terr 4 56s '49-M&S 15 4Ms Jan 1945 4 Xb Nov 15'39-'56_M&N 15 M&S Municipal 1939-61 —F&A 5Ms Harb Imp '39-'61 M&N 3 Ms Wat Rev '39-'48—J&J 3 Ms Sch Dist 1940-61.-J&J 4 Ms to 3.30 Mobile Co— July I '46 opt'44 J&J 112 Commodity Credit Corp— H% notes Nov 2 1939 100.15 100.17 Federal Natl Mtge Assn— 2% notes May 16 '43 opt *39 101.16 101.19 IX % notes Feb 1 1944 to 3.35 101 108.17 100.26 100.28 Farm Loan Bonds TERRITORIES 0.50 1.00 100 103.10 102.22 — to 2.25 106" 104 106.16 102 J M% notes July 20 1941 X% Nov I 1941 U S Housing Authority— to 2.35 0.50 1940-1962 Ms WatWks 1956-76 M&N 101 4Mb Ct House 1939-43 M&N b 2.25 4Mb Ref 1939-1961 —-A&O b 2.00 Mobile City— 71 Refunding 2-5s Jan. 1 1966- 100.9 1M % Jan 3 1944 opt 40 Reconstruction Finance Corp 0.50 % Jefferson County— 102.4 4s 4Ms Water 1939-1970-A&O 4Ms Sch 1939-1944—-J&D 4 Ms 1939-1968 J&J to 4 .00 38 103.27 102.18 3MsMay l'55opt'45--M&N A&O b 2.00 103.11 2s Dec 1940 Federal L.and Bank — 3s July 1 '55 opt '45--.J&J 3s Jan 1 '56 opt '46—J&J 3s May 1*56 opt *46 M&N to 3.15 to 3.25 95 103.10 2s Apr 1 1943 Federal Farm Mtge Corp— 3 X % int & prin guar *44-'64 3% int & prin guar 1944-'49. 3% int & prin guar 1942-*47. 2 X % int & prin guar '42-'47 IX % int & prin guar 1939-- 2.90 2.95 sewers Federal Home Loan Banks— 1 % series E 4s 3 Ms Water wks 1952-75— 3 M« Water 1939-41 —A&O 2 103.24 109M Ask Los Angeles (City)— to 2.90 90 Florence refunding 1% to 4% Gadsden 6% Impt long mat— 5b schools 1939-1940 -A&O Hunstville 5s funding Mar 1 *42 Pub Imp ref 5s 1939-1962 2MsSeptl5 1945-1947 M&S 107.15 107.16 2^8 Mar 15 1948-1951 M&S 2Mb June 15 1951-1954 J&D 2 Ms Sept 15 1956-1959 M&S 2 Ms June 15 1958-1963 J&D 2Hb Dec 15 1960-1965 J&D 2Ms Dec 15 1945 J&D 2 Ms Sept 15 1948 M&S 2hs Dec 15 1949-1953 J&D 2Hs Sept. 15 1950-52-M&S 2s Dec 15 1947 J&D 3s Panama Canal 1961--Q-M 3s Conversions 1946 Q-J 38 Conversions 1947 Q-J U S Treasury Notes— 1M% Mar 15 1939 2M % June 15 1939 1H% Sept 15 1939 1X % Dec 15 1939 IX% Mar 15 1940 IX % June 15 1940 1X% Dec 15 1940 IX % Mar 15 1941 1X% June 15 1941 1M% Dec 15 1941 IX % Mar 15 1942. 2% Sept 15 1942 1M% Dec 15 1942 iy,% June 151943 1M% Dec 15 1943 Home Owners' Loan Corp— 3% prin & int guar '44-'52 2 X % prin & int guar '39-'49 2 H % prin & int guar '42-'44 1 M% prin & int guar 1939-. 1939-1961 Bid "103" Birmingham— 3Ms impt ref 1939-50.-J&J b 2.25 3 Ms Imp ref 1942-1958 A&O b 3.00 109.18 Bonds Bessemer— New ref various coupons.. 109.23 Net 103 102 104 5s schools 1939-1947.—J&J b 2.00 1 105.4 or to 2.90 is Treasury Bonds— 114.20 Bid refunding 1941-54 J&J I Hb refunding 1955-65—J&J State Bridge Corp 4s 1939-1951 Bridge Auth. 4s July 1 1957— Annistonref g 5Ms Dec 1 1939 also pa ge 19. 4Ms Oct 15 1947-1952.A&0 119.4 Yieid Basi* To or Bonds 1 Ms y0 2.65 % J Bid price for lowest and highest maturities. \ 6 Basis. / Flat price, n 1939-1953 Nominal, x Called July 1, 1939. Hartford County— Metropolitan District 2%a Wat Sup '3977M&N 2Mb 1940-1978 J&J (School District) *4Ms Northeast 1959-J&D 0.25 0.40 Akershus (Deptof) 4s '68 M&S Anhalt 7s to 1946 M&S to 2.25 Extl 1955-M&S 2.25 0.50 to 1.50 0.35 1939-48—-J&D to 1.45 Middlesex County— 1 Ms Bdge 1939-1955-M&N New Britain (Co)— b 0.25 1948—J&J 1940-52-F&A to 1.50 Extl 0.50 to 2.00 0.50 to 1.80 0.20 to 1.45 4Mb Sewer 1940-1968-M&S A&O b 0.35 3lir«a 193 0-1971 Ms 1939-1971 b 1.65 3 1947-'70.J&D15 2s Incinerator 1940-59J&.T15 Norwalk (T) 4Mb 1942—J&D 8% 8M 9M 2.25!% to 2.00 — % to 2.25 % to 2.60 % s 79 99 99% 99 99% 93 M 14 22 16 104M 113M to 3.15 % % % 2.40 % 2.00 % to b 0.25 to 1.80 b 0.25 to 2.25 b 0.50 to 2.00 0.25 1.60 to 1.60 to 1.75 1.75 to 1.85 1.60 to 1.90 s J&D f 7s 1955 Berlin 6 Ms 1950 6s June 15 1958 14 20 12 A&O 15 J&D Bogota (City) extl 8s '45-A&O / 13M / 8 Certificates of deposit Extl s f 6 Ms 1947 A&O / 14M Bogota (Mtge Bk) 7s May '47 / 25% / 24 Certificates of deposit 7s Oct 1947. A&O / 25M / 24 Certificates of deposit / 3% Bolivia (Rep) Ext 8s '47 M&N. 3% Extl 7s 1958. J&J/ 3 H Extl s f 7s 1969 M&S / 5 6s 1940-.-. a&o f 12 M Brazil 8% ex 1941 J&D 10M 7s Cent Ry elec 1952..J&D 10% Extlsf6Ms (1926) '57.A&0 10 M Extl s f 6 Ms (1927) '57- A&O 5s of 1895 5s of 1913 J&J b 0.25 Sussex Co 5s 1940-1970— .J&J b 0.25 to 2.15 4 Ms 1939-1953 A&O Wilmington— 4MsBldg—Con*53-'62 M&S 4Mb 1939-1958 (s-a)..A&0 0.25 to 2.05 1.80 to 2.10 4s of 1900 to 2.00 4s of 1910 to 1.70 4s of 1889 6M 0.25 1.60 0.25 0-50 4Ms of 1883 4Mb of 1888 to 1.10 50 55 61 99 M 2.00 2.85 104 106M to 2.70 to 3 00 2 65 % 66 64 103 107 to 3.85 65 70 65 70 65 70 65 % 68 5Ms Cust Adm 1940—A&O 10 % 2nd ser 5 Ms 1940 A&O Customs Administrations— 10% 8M 8M 7M 7M 7M 7M 7M 17M 5 Ms of '22 ext 1961 2d series 1961. 65 70 65 70 5 Ms of '26 ext 1st ser 1969 66 % 70 5 Ms of '26 ext 2d ser 1969 65% 69 Dresden (Ger)ext 7s *45 M&N f 19 15 Duesseldorf 7s to 1945 15 Duisburg 7s to 1945 El Salvador (Rep)—8sA'48 J& Certificates of deposit -/ 14% Estonia (Rep of) 7s. 1967 J&J 99 106 Finland (Repub) 6s '45.M&S Frankfurt-on-Main (Germ)— r 7s 1938 19M .—A&O 20 _ ; ._ i A&O r 17 r 98M 15 89 M 98 100 Refunding 5s Jan 1 1964--Miami Beach— 98 5Ms 1939 M&N 6Ms 1940-1950 M&N Ref 4M8 non-opt 1947-56— New Smyrna— 2.50 to 1.75 2.50 to 3.75 3.35 to 84 Ref 3-4 M~6s Jan 1 1964 104 101 Refunding 4s 1939-62.F&A Orange County 5s 1944—J&J b 3.75 86 to 4.25 b 3.75 to 4.40 101 4s 1961 95 Pinellas Co ref highway Polk County 5s Jtily 1 1939-40 b 2.75 65 St Augustine 5-4s stam'd 1955 55 5Ms & 6s imp 1937——F&A 6s Oct coupon on 1960 6s A int ctfs 1938—A&015 Central Bank of Germany— 6s series B 1951 98 to 3 50 % 69 58 St Petersburg66 Refunding 3-5s Oct 1 1972 Suwanee Co Road 5 Ms 1946-. b 4.25 Tampa— 98 6s June 1955 opt '25 J&J 6b W W Purch '39-72. F&A b 2.75 98 4Mb Impt 1937 .T&J 97 Ref 4s 1943-1965. ..M&S - 68 4.00 % 100 to 4.25 101 Refunding 2-5s__ 49 FOREIGN GOVERNMENTS CITIES Agricul Mtge Bk (Colombia) 6s 1947 F&A / 25M Certificates of deposit-_ / 24 - A&O J f 24 A&O f 25 M Certificates of deposit. 27 32 *32" 32 " Certificates of deposit J&J Certificates of deposit... Connecticut, 24 32 26 % , 10 8 1M 55 28 22% 13 M Apr. 15*35 to Apr. 15'38- / coupons Dec 1'35 stp / June 1 '35 to June 1 '38.- _ Prov & Comm 3M 34 % 24% 26 25 15 20 13% 16% 14% 14M 17 (Con Agr Loan)6Ms*58 J&D / 17 14M M&S1/ 16% "17 Extl sf 6s 1962 6s assented 15% 16 % 1962. 1963 - tfk 16% Jan 19 17 8 f 6s M&N f 16% fk 16% Jan 19 6% assented 1963 17 14% Chili Mtge Bk 6Ms '57 J&D31 12 18M 6 Ms assented 1957 14% 16% Sfgu6Ms Jne 30*61 J&D31 12 6Ms assented 1961 S f gu 6s 1961 A&O / 14% "'16" 13M 6s assented 1961 I/ 12 15% 6s 1962 M&N / 14% 13% 6s assented 1962 '/ 12 16 6% notes 1931 J&D/ 14% 14 6s stamped 1931 / 12 % ' , k Last sale, n Nominal. 21% "23" 19 14M 56 35 12 7% 9% 25 23 17 33 % f 7s 1964—M&N 25% M&N 20% F&A f 22 6s part paid 1968.._F&A / 17M Guatemala 8s 1948. M&N / 30. Haiti (Rep) 6s extl 1952.A&O 73 M s 7s part paid 1964 Sink fund 6s 1968 1953 2d 6s 22 . 23 M 19M 35 75 65 75 / / 15 15 22 / / 17 15 90 A&O Hamburg (State of) Germany Gold 6s 1946 A&O Hanover (City) Germany 7s'39 Hanover (Prov) Got many— 6s 1st series 1957 F&A 6Ms 2nd series 1949—-F&A Havana—1st 6s 1939 Q-J Q-J . 17 Jan 18 % 23 — Gt Brit & Ireland—See British 6s 19 16M 18 18M Bke Graz(Mun)Austria 8s'54M&N / 20 25% Extl Ry ref 6s Jan 1961. J&J / 6s assented Jan 1961 1/ / Flat price, „ German 20 29 s 18 15 July 1934 to Dec 1936—. / 20 Jan to Dec. 1937 / 20 Jan.-Oct. 1938 / 21 5 Scrip f 6 Dawes coups Dec 1934 stpd / 14 % 30 ff i 30% 16 7s unstamped 1949 / Default coups July-Dec'33_ / Jan to .Tune 1934 : / Greek Govt / 28 30 1947--J&D Govt Intemat— loan of 1965 J&D Young 8 6s 5Ms 5Ms unstamped 1965Stpd(Canadian holder)*65 / German Extl 7s '49 stamp A&O / 14% 82 b Basis. munic „ 13% 32 24 50% 20 M 7 % f 6s Sept. 1961 —M&S / 6s assented Sept. 1961 fk Extl 47 German 14% 22% 8% 19% 1942.M&N 7% assented 1942 99 West Palm Beach— Cons 31 Chili (Rep) ext 7s Extl 103 Funding 3s 1946 German Cons Munic 7s'47 F&A 70 s f 6s 1960 A&O 16% "17 fkl 5M Jan 27 6s assented 1960 17 Extl s f 6s Feb 1961. —F&A / 16M 15 6s assented Feb 1961 / 13 106 106 M 7Ms plain 1941 _ 44 Chilean Cons Municipal LoanExtl s f 7s 1960 ser A..M&S Extl 106 104 103% 105% 7 Ms ext 1941 stamped J&D 80 36 F&A A&O 6s A 1952— 112 118M German Conversion Offer— 51 13 M 16 112 78 51 20 ■ 7s plain 1949 „ 106 50 M 50 J&J15 / 21% - 105 f 6 Mb 1953 s French Government— 7s ext of 1949 stamped.J&D "12" 50 8 6s July coupon on I960Farm loan 6s I960 —A&015 103 M 3.00 104 St Johns Co Road 5s 1946.. Road 5Ms 1944 M&S 50 1968.M&N 1946.-J&J Farm loan 6s 1960 3.50 3.90 90 % 43 Extl s f 4s $ bonds 1984.J&J Bulgaria (Kingdom)— Sec s f 7s 1967 J&J Farm loan 7s 1950—M&S15 J&J b 4.15 M&S b 4.00 b 3.75 Palm Beach (City of) 5s 102 Pensacola 4Mb ref 1941— &J 109 5s 1958 ..J&J 55 62 62 55M __ sec 7s 1948— J&D / Certificates of deposit 1/ Ceara (Brazil) 8s 1947—J&D/ Cent Agricul Bank (Germany) 103 7s 1940 95 9 10M 65 Extl Orlando— 95% „ Cali(Oolombia)8 f 7s '47-M&N Callao (Peru) 7Ms 1944-J&J Carlsbad (City) s f 8s '54.J&J Cauca Val (Dept of) Colombia 7Ms 1946 A&O Certificates of deposit 3.85 16 100 15M r Certificates of deposit 96 11 A&O Stabil loan 7 Ms Caldas Extsf 7Mb to 3.00 109 in (see Ind Bds) Rej> 5 Ms '42.M&S 2d Series M&N (Prov)6s'61 M&S / 1961 / 7a stamped 1952 !/ 7 Ms stamped 1947 / 6Mb stamped 1961 '/ 1/ Scrip Readjust 4M-4Ms '77.M&S Ref s f 4M-4Ms '76. —F&A Extl re-adj4M-4Ms '76A&0 Ext re-adi 4M^Ms'75M&N 112 105 102 free Dominican 13 Extl 6s stamped to 2.75 Marion Co Road 6s Feb 1 *52. Road bonds 5s July 1 1952— Miami— Tax Deutsche Bank 6M 7s 1941-1945 Buenos Aires Water & Light 5Ms 1940-50 * 3% 100 >. refunding 1947 3% 3% 100 / Leon County 5s July 1 1939-40 b 2.25 b 3.00 5s July 1 1941-55- 7s 26 97 M Victory 4s due 1975. 5Ms Jan 15 1940-45.J&J 15 b Refunding 2.60s Jan 1 1957 b 7s 1946 ' 32 92 Bud'pest(City)6sJ'n'3ocoup'62 5Ms July 1941-1975 Hillsborough Co 5r Oct 1 1943 102 M 103 M Hillsborough Sch Dist No 4— Jacksonville— 5s Jan 15 1940-45-J&J 15 b 1.75 6s 1948 44 f 27% 20 M Funding 5s 1951 M&N f 19% Costa Rica Pac Ry 7Ms 1949 i w* "21" 5s 1949 f 19 Cuba (Rep) 5s 1944 100 106 M&S Extl g 4Mb '49 opt F&A 101 % Extl 4 Ms 1977 "58" -J&D 57% Extl g 5s 1949 104 105 F&A Extl s f 5 Ms '53 102 % 101 % J&J 15 71% 70% 5MsPubWksJune30*45J&D Cundinamarca Dep (Colombia) Extl s f 6 Mb 1959 13% 12% M&N 17 Certificates of deposit Czechoslovak Republic— Ext s f 8s 1951 ser A..A&O 55 50% Ext s f 8s 1952 ser B—A&O 75 50% Danish Cons Municipal Loan 91 95 5Ms 1955 —M&N 95 M 90 % 5s 1953 F&A Danzig Port & Wat Ways Bd Extl s f 6 Ms 1952 35 27 J&J 102 Denmark ext 6s 1942 J&J 101% Ext'l 100 98% 5Ms 1955 F&A Trust rets 4Mb 1962 A&O 15 92 93 Denmark Mtge Bk—See Mtge Bank of 92 Brit Hungarian Bk 7Ms 1962. to 4.25 AND 80 (Republic)— f 7s 1951 F&A 100 b 3.25 „ sees 55 M&S f 6s 1950 118 to 3.90 5 Ms 1945 1950 6s 1940-1950 74% J&J J&D s 98 No. 1 5s 1939-1955... A&O b 2.00 101 Escambia Co 6s Aug 15 1951. Gainesville 5 Ms Julv 1939-40. b 2.00 1952-1953 15M 32 13 British 4s 1990 opt '60-—M&N War Loan 3 Ms of 1932 102 M Duval Co School District 5s 17 28 15M 115 Refunding 4s 1939-67-M&S Duval Co Road 5s 1955—A&O ^ 55 20-year Dade County (School No. 2)— „ 14M 33 30-yrsf 5s of 1957 111 106 . new — Rica 1942 / S f 5s 1958 Dade Co 5s Oct 1947-54.A&0 Ref 3 Ms 1940-1947. .M&S Lakeland — Bremen (State) 7s 1935--M&S 6s 1940 Brisbane (City) Australia— 119 59 6M 5M 5M 5M 5M 5M 16M Funding 5s 1931-1951 Funding scrip to 1.60 114 — 44 45 51 , ' 18 106" b 0.90 — 15 20 104 M 112M to Brevard County School Tax Districts No. 4 6s 1939-55— Columbia Co Road 6s 1955— Coral Gables— New refunding 2M-5s 1977- 95 , f 7s 1951 105 Extl b 0.25 A&O A&O Costa Belg Govt extl 6 Ms 1949 M&S External s f 6s 1955 J&J to 91M 42 % 1957—.F&A f 7s s Ext Barrauquilla 8s 1935-40-46-48 / Bavaria (Ger'y) 6Ms '45.F&A/ to 1.50 4s 1942-1948 FLORIDA "82" to to 2.40 4s 1939-1941 Extl jf 13 to 2.00 A&O 87 Bavarian Palatinate 7s 1945.. % 1.90% 2.50 % f 7s s 7s stamped 1957 7s stamped 1937 Cordoba (Prov) Argentina— 91% to 3.00 b 0.60 5s 1947-1949 91 90 M 86 M J&J / 15 Bank of Colombia 7s '47. A&O / 25 M 7s 1948 A&O / 25M Baden extl -32" 24 Extl 76 M 76 2.75 27 32 92% S f extl loan 4s to 32 25% 24 25% 89% 3.15 to 3.15 % to 2.05 % 11.10 to 54 24 15 92 Apr "72. A&O 2% Treasury notes 1948 Australia (Commonwealth)— Extl 5s July 15 1955.J&J15 Extl 5s 1957 M&S Extl 4Mb 1956 M&N Austrian Govt 7s 1957—J&J 27 25% 32 Antwerp (City) extl 5s '58 J&D Argentine Repub— 1.80 4Mb s f extl loan 1948.M&N Extl s f conv 4Ms '71-M&N 21 M 15 51 11M 6 27 20 ' % New Castle Co— 1939-1944- 15 6 20 M 21M lo _ 9% 28 20M - DELAWARE 5Ms 10M 35 17 _ 12 15 6 Certificates of deposit Extl s f 7s 1957 2d ser.A&O Certificates of deposit Extl s f 7s 1957 3d ser.A&O to b 0.60 2Ms April 1 1939-1947 2Ms April 1 1948-1957 2Mb April 1 1958-1966 Kent Co 4Mb 1945-1950.M&S 17 17 76 M Ridgefield (High School)— b 0.50 1Mb 1940-1963 J15&J Stamford (C) 4s 1942 M&N 2Mb 1939-1961 M&N 6 0.25 Stamford (Town)— 0.35 *4 Ms Sch 1939-1965 M&N 0.25 Suffield 1Mb 1940-59 J&J 0.25 Torrington 2Ms 1939-'57 A&O Water bury— 5s Water 1939-1971 —M&N b 0 50 1939-1943-M&N 1940-1955--J&J 3s Street 1939-1955 F&A 2s Relief 1940-1944--M&N West Hartford 4Mb 1943 J&D 4Mb Mar 15 1939-49—M&S West Haven (School Dist)— ♦4Mb 1939-1956 .M&N Windham (Township)— 4s 1940-1952 —J&J ih / S f extl loan 4s Feb '72.F&A b 0.40 5s Funding 4 Ms Sewer 17 to 3.00 b 0.25 Norwich 4Mb 1939-1965.M&S 2MB 1940-1959 J2&J2 b 0.35 b 0.35 2s P I Fund 1940-59.--J&J 11 10M / 17% 23 Hukuang Rys 5s £..J&D 15 / 2 M-5s 1954 Cologne Germ'y 6Mrs756-"M&S/ Colombia Rep 6s 1961 —J&J / I Certificates of deposit / 6s Oct 1961 A&O " Certificates ~oY deposit— / / Funding 4s Jan 1 1946 Colombia Mtge Bk 20-yr sf 6Mb 1947 A&C / Certificates of dAnosit. / Sinkfd 7s(of 1926) '46 M&N / Certificates of deposit... / Sinkfd 7s (of 1927) *47 F&A f 11 9M Ask Chinese Government— 94 M 7 j Certificates of deposit 8s 1946 F&A b 0.50 9M Bid Bonds 17 Certificates of deposit Extl s f 7s 1957 1st ser.A&O % New London— Ms Sewer Certificates of deposit s f 7s ser D 1945. .J&J % % 1.70 % to b 0.50 4Mb Imp 1939-1952-M&N 4Ms Funding 1939-'48.J&D lMs 1939-48 J&D15 4Mb Water ref 1950 Nor walk (City)— J&J A 1945 Certificates of deposit s f 7s ser C 1945 J&J 1.75 4s Munic Bldg *4Ms School New Haven— ser Extl M&N *4%a 1939-1944 Meriden l%s 2 75 2 60 b 2.35 f 7s s 9% Certificates of deposit Extl s f 7s ser B 1945—J&J Hartford *3 Ms South Sept Manchester— 93 / 14 M Antioquia Col (Dept of)— to 2.25 Ask Bid Bonds Net 1 or or To or Ask Yield Basis Yield Basis xieici basis Bid •* possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as Bonds BONDS MUNICIPAL AND STATE 42 19M 90 Heidelberg (Germ) 7Ms'50J&J / Hellenic Republic (Greek) Sec Wat Wks ext 8s 1952—. / 53 Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O 103M Hessen. See Munich Bank Hungarian Cons Munic Loan s f g 7 Mb 1945 8% J&J / Extl s f 7s Sept 1946.-J&J f 8% Hungarian Land Mtg Instit'n Mtg 7Mb 1961 ser A..M&N f 9% Sf 7Ms 61 ser B($bds)M&N f 9% Hungary (King) 7Ms '44.F&A f 30 Ext at 4M% to 1979—F&A 22% Trish Free State 5s 1960.M&N Italy (Kingd) extl 7s '51.J&D "68M Prestito Redimibile 3 Ms 27 M Specified 19 unspecified Ital Crea Consortium for 55 Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J 50 % 105 11 12M 11% 13% 34 30 107 % 69 28 M 20 67 % " 55 FEB., 1939] STATE Quotation* for all securities AND are as near as MUNICIPAL To or Bid Foreign Govts, and Cities (ConclA Japanese Government— Sf 6Ks 1954 Ask Santa Fe Extl s f 5Ks 1965 M&N Oriental Dev Co 6s'53_M&S Orient Dev Co 5Ks'58M&N 58 X 53 50 X 55 52 23 4antiago(Oity)Gbile7s *49 J&J Extl s f 7s 1961 ——M&N (City) Peru— s f 6Ks 1958—M&S / 11H 4s 1945 stamped --- Extl Saxon s f 5s 1972 ser IX J&D Secured f s 7s A&O 1957 76 Natl Bank of Panama Sf 5Ksl950 IX IX 53 Norway ext 6s 1943 External s f 6s ... ... Sic fd extl 4s 1963 m Guar 101K 100 X 102 X Nuremburg extl 6s 1952.F&A Oldenburg (Free State) 7s 1945 17 ' bonds of 1937-78 — S f 7s 1952 Extl £ |3K 53 M&S sec s f 7s 1959 M&S Nat Loan extl 6s 1960.J&D Extl s f 6s 1961 ..A&O Poland (Rep of) 6s 1940.A&O Stab'n 1 s f 7s 1947.A&O 15 f 7s 1947 s Extl —J&J f 8s 1950 s 4Ks assented 1958 A&O 4Xs assented 1968--..A&O Dollar funding 3s 1956. A&O Coupons 1936-1937 7 OX 9K 9X ox 30 H 39 30 % 105 55 101K See Industrial Bonds) Rio de Janeiro 8s 1946—A&O 102" 50 «hs 1959 6s 1933.. 6X Grande s Do Sul (State) f 8s 1946..A&O 7s extl s f 1966 M&N Extl s f 7s 1967 J&D Extl s f 6s 1968. J&D Rome extl s f 6Ks 1952. .A&O Roumania (Monopolies) Institute 78 1959 _F&A 8X 8X 62 HX 9H OH 33 X 50 35 33 18X 15 104 105K 7H 7H (Mtge Bk) 6s 6s series B 8X 8% 8X 02 X 10 x 18 X A '47 M&S A&O 17 17 1947 ctfs of Extl 8s 1950 Extl 7s 1956 Extl Sec s s J&J M&S f 6s of 1928. 1968 J&J f 7s 1940 t Quotations A&O per 100 gold 14 13 X 12 13 X 8X 8 7X 19% 98 03x 103 X 103 107 nox 103 x 110X 107 X 111 x nox "..".A&O / 100 100 102 104 x 103 x 107 x 111 104 K 111M 108 x 112x 111 66 112 105 106 X 78 81 69 72 76 02x 58 X 58 X 53 x 58 x 58 x 58K 101 x ioix 101 105 90 oox 08 x 81 81 81 112 86 80 83 102 104 103 104 x 101 x 102 99 07X 96 X 100 99 99 ioi x 99 99 100X ioo x 100 x 119K 120 X M&N 101 101X M&N J&J 110 110 113 J&J 111 113 100 X 107 X 108 105K 107 105K 08X J&J 98 3s s f deb 1941 ...J&J 102 North Vancouver 5s '60—J&J / 27 107 Sfdeb3Ksl948—...A&O 3Kssf deb 1946 gold 105 115 100K 105 107 109 105 108 99 07 X 165" 90 93 98 97 92 95 91 , 4Xa ref 113 109 100 99 "30" b BaslsJ 92 07 X 95 99 X 97 94 96 89 92 89 92 GEORGIA J&J b 1.25 .J&D b 2.50 30 to 2.00 b 3.50 to 4.00 % 2.10 % % 2.25 1943— 1 1940. J&J ~b~2~00 "l".50 5s Water 1940-1951.—_J&J b 1.25 4Ks 1939-1956 J&J b 1.25 M&N b 2.00 Bibb Co 4Ks 1948-49—M&N 6 2.50 to 2.50 Clarke Co 5s 1940-1944. .J&J 6 1.25 Columbus—5s 1939-1944.J&J 6 1.25 to 2.25 6 3.00 Dougherty Co 5s '39-'48 M&S 6 1.25 Macon 4s Pav & Sew 1939J&J to 3.50 to 2.50 Augusta—4Ks Flood*42 _ Crisp Co— Hydro-elec 5s '39-'57.F&A Marietta 5s W W 1939— F&A Pulaski Co 5s 1939-1948..J&J 6 2.25 Rome 4s Mun bidg 1939-A&O Savannah—4Kb ref 1943.J&J 4Xa Drainage 1944—.F&A 4Xs Refunding 1959.-F&A 2Xs 1943-1967 J&D15 6 2.60 6 1.25 5 1.25 Woodbury 6s 1939-1949.J&D IDAHO 4Xa Impt 1939-47 opt '30 4X8 Ref 1939 A&O 4X8 ref 1940-1945 A&O Boise City 4Xa 1951 J&J ILLINOIS 4Ks Serv Comp '39-'43.Aug 1 4X8 Serv Comp '39-'43.Aug 1 4 Xa Serv Comp '39-'44.Aug 1 4s Highway 1939-1943 -May 1 4s Highway 1945-1954..M&S 4s Highway 1955-1958—M&N 3Xs Emerg Rel '39-'47 Dec 15 3 Xs Emerg Ref *48-'54 Dec 15 Bloomington— 4 Ha Water 1939-1961 opt 1952 M&S Champaign 5s Road Chicago— 1.90 2.40 to 2.20 to 1.25 1.25 to 3.00 f?25 100 6 6 6 2.00 2.50 % to 2.35 to 2.75 to 4.00 to 2.25 2.75 105 to 105 0.75 % less 0.75 ro less 1.00 to 1.25 0.25 to 0.25 to 1.15 0.25 to 0.25 to 1.10 1.20 1.00 1.50 to 1.85 1.90 0.25 to 1.70 to 1.90 2.00 to 1.60 6 1.75 to County— 1939-1943—M&N 6 0.75 to 1.75 % to 1.70 3s 1941-1944 3s 1945-1948 6 0 90 6 1.90 3.00 to 2 20 3s 1957 opt 1940 3Ks 3Xa 3Xa 3Xa 1951 opt 1952 opt 1953 opt 1955 opt 4s 1940-1944 4s 1945-1948 6 1.50 6 2.25 to 1.75 to 2.40 1940. 1945 1946 1951 % ?°25 2.25 2.35 2.60 6 0 40 Board of Education— 3s 1957 opt 1941-1943 3s 1957 opt 1945-1947 3Xs 1955 opt 1946 4X8 1954 opt 1944.. Chicago Park District— 3 Xs 1956 opt 1946 4s 1955 opt 1939 4s 1955 opt 1940-44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'55 Sanitary District— 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'54. 3 ale. n to 2.20 6 2.30 1949-1950 4Xa 1954 to 1.70 6 1.90 4s k Last 1 1.25 3s 1957 opt 1941-1942 3s 1956 opt 1945-1949 / Flat price, % 2.75 % 1.75 Swainsboro 6s 1939-50.-A&O 6 2.75 Valdosta 5s 1940-1942 Jan 6 1.25 Ware Co 5s Road 1939-49 J&J 6 1.25 Watkins S D 6s 1939-50.M&N 100 78 100 102 62 K 02 x 78 78 100K 66 96 95 „ 87 83 97 68 X 66 63 Spalding Co—5s *40-'49—J&J 102 grams of pure 112 110K 110K 66 106 rouble bond, equivalent to 77.4234 97 105 Atlanta—4Ks Jan 09 X 101 x A&O 4X8 1955 M&S 4Ksl960 A&O 4Xa non call 1958.M&N 15 4Kssf Apr 15. 1961 A&015 97 09 X 08 X 85 102 Athens—IKsJune 103 1939 , i 08X 95 X £nd 1967~ _F&A 103 x 104 Sfdeb5Ksl950 97 Verdun deb 5s 1954 Winnipeg. Man 5s 1944—A&O 4 Xa non-call 1944—.M&N 4Ks June 1 1946 J&D 4Kb June 15 1950—J&D15 4s Aug 1 1946 F&A15 101X 102 110X Sf deb 5Ks 1952 Debenture 5s 1960 110 88 102 H Halifax N S 4s July. 1945 5s Jan. 1951— ...J&J Hamilton— 5Ks 10X 8X 7% OH 18X 99 New Brunswick— 16 deposit 1948 oox 07 X 6 Santa Oatharina (Brazil)— 8s 1947 F&A San Paulo (Brazil) State of— / 8% external loan 1936.J&J 58 X 97 X M&N 4Kb May 1. 1945 MtN 4Xs Dec 15.1956.— J&D 15 Montreal 5s Dec 1. 1945.J&D 5s s f Nov 1. 1956 M&N 4%s May. 1954. 4%a Jan. 1944 J&J 4X8 1940-1951 A&O 15 4X8 June 1. 1971 J&D 4s May 1.1944 M&N 3X8 refdg May, 1939. M&N Metrop Co 4Ks 4Kb May 1, 1965 M&N Harbor Commissioners— 5s Nov 1,1969 M&N 117 to 98 - 92 X 09 Vs M&N A&O 125 to 110 5s 1940 & 1941 var. 5s 1945 & 1946 var__I 5s 1950 & 1951 var 5s Jan 15 1970. v 4Ks 1947-1956. J&D 29 4Ks s f deb Jan 23 '69 J&J23 Calgary 5s July 1.1945... J&J Edmonton (O) 5s '45&'50A&0 5s sf 1955 & 1960 A&O 4s Elec L & P 1941 to 101 1940-1941 1942-1945 1946-1961 A&O 4s £ July 1 1948 J&J 3Ks July 1 1944 J&J Vancouver B C 5Ks '39.A&0 5Xa 1952 ...F&A 1939-1945 Albany—5s 1945 Appling County— Road 5s 1949-1953. J&J f 64 64 J&J / 00 X A&O 15/ 00 X Gold 5s 1959 A&O / OOX 4Xa Jan 15. 1942—J&J 15 / 57 Deb4Ks 1956. A&O / 57 4Ks Jan 15. 1957. J&J / 57 4Ks July 16. 1958 J&J / 57 4Ks Apr 1. 1961 A&O / 57 4%a June 1. 1967 J&D / 57 Debenture 4s 1954 J&D / 55 Brit Col (Prov) 5s '48..J&J 15 100 5s Apr 25. 1954 A&O 25 100 4Ks 1939-1946 J&D 29 98 X „ 109 118K 111 J&J14 OOX 1947 OX 8X Certificates of deposit— 4s scrip 8a 1948 8s 5Ks Gold 5Xa 1952 Gold 5s 1948 5s 1950 107 109 101 A&O A&O A&O 101 J&D Lachine P Q 5s 1954 J&D Manitoba (Prov) 5s '44. J& D 2 24 X J&J ser 7s 1957 Gold 1939 101H F&A M&S 5s May 1952 Alberta (Prov of)— 4Ks 4Xa 4Xb 4 Xs 103 X 98 M&N 116 to 102 Toronto 6s 1939-1940 J&J 5s 1940-1950 J&J 5s 1950-1959 ...J&D 103 99 1944.A&O Refunding 5s 1943 7 115 to 101 M&S M&N15 102 J&D J&J J&D 15-vr 4 Xs 1940 — Salvador 31X 09 X 08 X J&D M&S Refunding 4%a 13 x J&J f 6s 1953— s 39 38 55 A&O 3%s 1961 opt '56 J&J 3Ks. 1949 A&O 4s 1952 A&O 4s I960. A&O 5s Nov 15 1941— 10 X OX 15 Feb 1937 coupon paid Russian 6Ks June 18 1919— 5X% ext loan Dec 1921 Saarbrucken (City) Germany Extl 25-yr 15-yr 20-yr 30-yr 36 8 7X 7X Brazil ext 37 X J&D perpetual M&S 3s Jan 15 1967 ..J&J 30-yr 3s Nov 15 1968.M&N 14-yr 3Xs 1951 —M&N 101X 116 122 120 111X 112K 100 X to 111 M&N 4Ks Mar 15 i960 4s Nov 15 1957 f 3s 60 102 K Rio ' 20 9 Rhine-Maine-Danube F&A 39 28 2%a Jan 15 1944 8-yr 2Ks 1943 7-yr 2%a 1944 10-yr 2Kb 1945 20-yr 3s 1955 3s 20-year 1958 104% 25 Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 Extls f 6Ks 1953 —. Jan 23 % notes 1941 2s 6-year 1944 101X 47 14 % 14 H A&O 6s 1952 A 115K 114K 116 3X8 1949... j&j 3 Xs s f deb 1952 J&D 4X8 1961 M&N 4Ksl956 J&D Quebec City— 5s S F (non-call) 1960.M&N Saskatchewan (Province)— 5s 1943 (non-call)..J&D15 5a 1959 (non-call) M&N 39 37x F&A Dominion of Canada— 13 (lK-yr) 1939 103 X 102 10X 10X f1968yr 7HS 1968 ser 111K U6X M&N of;yr?^1n951— 117 109 66 37 X CANADA 104 Sinking fund 8s 1961.—J&D Prague (Greater) City 7Ms loan of 1932-52..M&N Prussia 6K8*1951 M&S 15 s 8-yr 2X8 1944 115 108 112 May 15.1939-43.M&N 15 May 15,1944-57.M&N 15 May 15.1958-68.M&N 15 Net 110 72 (American Dollar Quotations) 35 Porto Alegre (City) Brazil 44 4%s assented 1958 F&A - --Warsaw (Land M Bk) 8s 1941 / 45 Westphalia (Prov Bk) 6s 1933/ 17 6s 1936. ,/ 17 5s 1941 i / 14 Wurtemberg 7s to 1945.M&N 1/ 15 Yokohama extl 6s 1961 ..J&D 56, ... 66 / 95 / 95 / 9 Peru 46 Vienna (O) extl 6s *52...M&N fk 15 Warsaw (City) 7s 1958..F&A I X 53 40 X J 91.09 3Ks extl re-adj 1984..J&J Conversion scrip f 35 Venetian Prov Mtge Bank— 16 Oriental Devel—See Jap Govt Oslo s f extl 4Ks 1955 A&O 99 H Panama (City) 6Ks 1952 Panama (Rep)ext5Ks'53 J&D f 30 101K Extl s f 5s 1963 M&N Stamped 5% scripPanama (National Bank)— 6Ks series A & B 1940-47— 6Ks series C& D6Ks *48~'49 Parana (State) Brazil 7s 1958 Pernambuco (State of, Brazil 86.49 99 X 104 J&D f 5s 1970 s 14X F&A / 41 M&N / 39 M&N / 39 4r-4%-4%% extl readj 99 103 X Norway Municipalities Bank 43 K 58 X 13 X Convs f of '37 1978-J&D f — 16 102 F&A 54 3H-4X-4 5-16% extl m 95 36 99 41 3%-4r4% % ($ bds of 1937) external readjust 1979 3K-4-4 X% (S bds of 1937) ... 33 A&O s f 6s 1960 Extl sf 6s 1964... 49 52 33 Jan 27 M&S Extl ... 100 M&S A&O 90 F&A Uruguay 8s ext 1946 ... .... external conversion 1979. 8X 8X 97 H 1944—F&A 4Ks extl sk fd 1956 4Xa extl sk fd 1965 F&A f Tolima (Dept of) 7s '47.M&N X Union of Soviet Soc Republics Gold 7s 1943 — 97 .A&O F&A J&D Sydney (City) N S W— 25-yr s f 5Ks 1955 Tokyo (City of)— aaa PftD9TYl Q New South Wales (Australia)5s extl s f 1957 ...F&A Extl s f 5s 1958 A&O Met Wat Serv & Dr Board 22 Vs 1st mtge s f 6s 1947 43 f 24 M&N f 21X Silesian Landowners Assn— 68 . F&A M&N / 22 X B aer Ask 101 104 102 107 107 Hydro Elec Pow Com— 4Ks Jan 1. 1970.— J&J 2 Ottawa City 5s '39 '45...J&J 6s Munic Imp *39-'50—J&J 5s July 1, 1939-1956...J&J 4X8 1939-1944 1.J&J 4Xs 1943-1960 J&J Quebec (Province)-— (King of) 4K8 assented 1958 ::: 79 X \\K 1945 Heasen 7s to 1962 18 (Prov) Poland— Extl sf 7s 1958 J&D f fk 25 X IX IX IX / 33 Nov '32-May '35 coupons.. Nov *35-May *37 coupons. Munich Bank— 4s 4s Extl 7a " 5s funding 1956 Second 5s 1956 4s 18 5s of 1912-1952 Extlsf 5Ks 1961 02 X 7X Silesia i 44 44 35 4KsJanl5. '39-'47..J&J 15 4Ks Jan *15 '48-'57.J&J 15 4Ks 1939-;i970 M&N 15 4s 1941 __M&N 8 7H 11 11 16 X 51K 7X 6X 6X Mtge Institution 4erbs Croats & Slov Extl 8s 1902 16 4s of 1904-1954 4s assented 1954 J&D Extl 4s of 1910 (£20 pieces) £100 and £200 nieces Treas 6 % notes '23 ext to '33 Mtge Bank of Jugoslavia— State 14X 14 X Sink fund 0X» 1940.—J&D 6s 1947 --- 12 1 J&D £20 pieces £100 and £200 pieces.—Milan(Italy)ext 6Kb '52.A&0 Minas Geraes (State) Brazil Extl 6Ks 1958 M&S Extl OXa 1959 ser A—M&S Montevideo (City) 7s '52.J&D / Extl s f 6s 1959 ser A.M&N / Scrip / Mtge Bank of Denmark 13 X M&N 15 Ontario (Prov) 6s '43—M&S15 5X8 1946 J&J 5s 1959 M&N 4Xa 1944 ...M&S Sink fund 7s 1945—.J&D 12 South Wales Mexican Irrigation s f gtd 4Mb Stamped assented. f Mexico (Republic)— 5s extl loan of 1899 1945— 5s assented 1945.... 17 X f 6Ks 1957.M&N 15 Extl sec 6s 1943 M&N Lower Aust (Prov)7Hs'50J&D fk 25 X Oct 19 Luneberg (City) 7s 1948.M&N f 17 Maranhao (State) Brazil— Ext s f 7s 1958 M&N f 7% Medellin (Munic) (Colombia) 7s extl Dec 1 1951 / 10 Certificates of deposit / 8 6Ks 1954 / 9X Certificates of deposit f 8 Mendoza (Prov) Argentina 7Ks extl sf 1951——J&D 73 Stamped / 77 Metrop Water Serv—See New 56 s Deb 4 Kb 1960 ^ 16 X 13 X Bid Nova Scotia (Prov)— Deb 5s 1960 M&S Deb 4Ka Sept 15'52 M&S15 63 X 46 A&O 4ao Paulo Brazil 8s 1952 M&N 12X Bonds 71 Jantander (Dept) Colombia Extl sf 7« 1948 A&O Extl Exch 60 X 48X Jugoslavia—See Mtge Bank of Leipzig (City of) 7s 1947F&A f 18 Lima (Prov) 7s 1942.M&S / lanta Fe (City) Arg Rep extl 7s 1945 A&O 80 Net To or ~ Ask 80 4s Stamped 1942 76 Yield Hosts To or Bid Bonds Net > F&A 1)3 Yield Basis Yield Basis Bonds BONDS possible for the closing day of the month preceding the date of issue to 6 1.50 to 2.10 % 6 2.30 to 2.40 % % % 2.35 % 2.65 2.25 1.85 106 107 0.40 67.00 to 6 2.35 to 2.50 5 2.60 to 6 1.00 6 2.35 If b 2.60 Nominal, 2".25 % % 2.70 % to 2.25 % to &.0\J tU 2.50 'to % /Q 2.70 % STATE 94 possible for the closing day of the month preceding the date of issue To or !to 4s 1956 opt 4s b 2.60 to 2.70 b 0.75 to 1.75 b 1.00 to 2.5C b to 2 25 1945-'47 1956 opt 1948-'53— Elgin 8anlt D 5s '39-'44.M&N Kvanston 8 D No 76— 4Mb June 1 39 1948 1 Porest Preserve— 48 1956 opt 1940-'44.. 1.00 b 2.35 to 2 b 2.60 50 to Granite City 4 Ms 1939-48 J&D b 2.00 Jackson o 4Mb 1940-46.J&J b 1.75 to 4s 1956 opt 4s 1956 opt 1945-'47».—— 1948-'52——— La Grange (Village of)-— 3s Water rev 1942-68—M&S b 2.50 Lake Co 5s Road '39 '49. F&A b 1.50 2.65 3.25 to 2 .75 b 1.50 to 2Mb Dec 1, 1939-1958 6 0.40 — — 2.20.% to 2.25 % 1ND1AN A Elkhart 4 Ms W W '39-75 Evansville 4sref 1942 Fort A&O J&J 6 1.50 3.50 to ?75 6 1.50 3.00 % to to 2.20 2°. 50 Gary Sch City 4Mb Oct 1943 (City)— 4s O H 1942-1956...J&J30 6 2.25 Indianapolis— 5Ms Track Elev '40-'47-J&.J 6 1.50 4s Fire Dep J'ne 1 '41 .J&J 4Mb Sch Jrne 15*40 J&D 15 4MB 1940-1955 J&J 6 1.25 Indianapolis S D— 4s Blag Sept 1 1946—J&J 3 Ms July 1 1941 J&J 3.25 % to to 2.50 % 2.00 1.75 2.75 % to _ 2.25 1.75 '43.M&N 2.50 5 Ms 1941 M&S ."South Bend School City— 2.25 '3o Bend 4Ms W W 1939-1948.F&A Impt 6 2.00 to 2.75 % IOWA J&D 6 0.25 to 0.75 Rapids 4 Ms'49-'53M&N 4 Ms -Cedar 6 2.15 to 1939-1942 1942..M&N 6 Davenport Indep Sch Dist— 4Mb 1939-1940 __M&N 6 4Hs 1940-1941 M&N, 6 Clinton Co 2 Ms 1.00 0.60 Us 2.50 % less Marshalltown— 6 0.50 4Mb Water 1939-1944-A&O Sac Co 2Mb May 1 1939-47.— 6 0.75 6 0.75 Sioux to to 2.15 less 6 0.50 4Mb Sewer 1939-47..M&N 2 Mb 1939-1956 ...J&J 6 0.75 1941—J&J Woodb'y Co Fund 2Ms'42-'46 Sioux City S D 5s 6 1 1.70 1.70 to City 6s *39-*45-F&A15 6s Ref Aug 15 1940—F&A15 6 0.75 M Bonds 4mb, 1939-1952 J&J 4s. 1953-1954 J&J Kansas City 6s 1942 -F&A 4Mb Wat & Light 1944-J&J 4Mb Imp July 18 '49-.J&J Board of Education— 4Mb 1939-1953 F&A 4MB 1939-1953 J&J Sch Dist4M8l940,54J&J to 2.25 6 0.40 to 2.30 6 0.40 to 6 0.40 to 2.00 2.30 Leavenworth— 1940-1947-J&J Water . KENTUCKY Bridge Revenue Refunding— Project No 1 July 1 '50 J&J Project No 2 July 1 '50 J&J Project No 3 July 1 '60 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945 .. Project No 10 July 1 '50 J&J Project No. 11. 1952 Project No 12, 1947 Project No 13 1953 Project No 141945 4Ms S I '42. *47 & '52M&S Bowling Green—5s 1955.J&J Covington— 4Mb 1939-1950 A&O 4Mb WW 1939-51 J&J 4s Fdg 1952 opt '42_-F&A 4 Ms School Jan 1 1940-69. Henderson County— 4Ms R&B Oct l'39-'56 A&O Lexington—• Pub Wks Nat Recovery 4s 1940 1963 J&J City Hall 5s *39-*55—F&A W Co 1965 4s Jan 1 1970 Sewor to 1.80 to 190 to 1.70 % 102 102*t 101 Vs 102M 102 M J&A 194-53 to 3.40 b 1.00 to b 2.85 bo 3.20 6 1.00 6 2.59 6 3.15 to 2.50 to 3.30 % 6 1.00 to 2.80 % 104 M 104 109 m 108M 103 M 102 M J&D 6 3.15 3.50 3.55 Suoway to 2.60 to 3.40 109M J&J 111M 106 107 113 115 Lawrence (wat h'way &; 3.30 6 2.50 6 3.80 3.65 2.25 103 100 to 2.80 to % 3.10 % 2.35 % 2.10 % 2.35 % 2.40 % 2.40 % 6 2.55 1.70 % 2.00 % 2.40 % 2.45 % 1.15 % 0.60 % 112 to 1.75 3 Mb 1939-1951 M&S b 0.75 28 Improve'mt 1939-56 ..A&O b 0.75 Auburn 4s 1939-'40 tax-ex_J&J b 0 75 to b ft I b 3.60 % 3.65 % 3.50 % 6 3.80 6 3.75 July 1 at 100. to 1.75 a 2.25 ft 0.25 to 1.60 ft 0.25 to to 2.00 to 2.50 .30 to 1.90 2.30 to 2.25 to 2.00 2.00 ft 0.50 to 1.90 ft 0.50 to 2 50 ft 0.50 to 2.25 ft 0.25 to 1.05 ft 0.25 to 2.00 ft 0.50 to 2.20 to 1.80 ft 0.50 to 1.95 % to 2.25 % to 0.75 % J&J ft 0.25 M&N ft 0.25 Maiden 2Mb 1940-1958—F&A Ref lMs 1939-48 Medford— 3 Mb 1939-1942 tax-ex M&N 1 3.50 % % 2.10 % to 1.75 % to ft 0.25 to J&J ft 0.25 2s 1939-1947 to 1.00 % 1.70 % Methuen (relief and sewer)— 2Mb 6 0.40 M&N 1939-53 to 2.00 % New Bedford— 4s Bridge 1957 2.70 J&J 0.40 2 Ms 1939-1947 A&O Northampton lMs '40-59 F&A ft 0.15 to to 2.00 % 1.80 % Pittsfield— to 3.00 3.25 to 4s Dec 15 1939-1944—.J&D ft 0.25 6 0.25 2 2.30 % to 1.25 Ref 1Mb % 2.30 % J&J to 1.50 Ms Dec 1 1939-1955—J&D 1939-1948—.A&O ft 0.25 Quincy 2Ms 1939-47 A&O ft 0.25 to % 1.90 to 1.60 to 2.00 % 1.60 % Reading— 1Mb school 1939-58.M&N15 6 0.25 Salem 1 Ms 1939-1948—M&N ft 0.25 to Somerville— to 2.20 3 Ms School 1939-1954.J&J ft 0.50 Relief 2 Ms 1939-1948.A&0 ft 0.50 lMs Relief 1939-1946.A&O ft 0.50 % District— ft 2.35 2.25 M&N ft 1.00 to 2.80 .15 Springfield— 3 Ms Water 1939-1960.J&D ft 0.25 2s sewage disp 1939-68M&N 6 0.15 ft 0.15 Dist— 1Mb Relief 1939-1946.A&0 3.25 6 2.50 to ft 100 to 2.80 6 0.30 to 1.10 ft 0.30 to 1.10 to 1.50 - to 0.70 to 1.90 1939-1956...M&N ft 0.50 Is 1939-1941 A&O 6 0.25 % to 1.00 .M&N ft 1.00 Funding 1948 J&D 2Mb Water May 1 1953—- 1.00 to 1.50 Ly-nDS^e 4s 'SdNfrer % % % % % % % % to 2.30 Augusta—4s Oct 15 1939-1955 b 0.75 4s Wat Wks Sept 1 1939-40 ft 0 75 Bath 4s Ref 1941 tax-ex.J&D ft 2.50 Waltham 2s 1939-1948—J&D ft 0.25 to 2.10 to 1.75 & to % 1.50 % to 2.00 to 2.00 to to o 1.30 % 1.75 % Watertown lMs relief 1939-48...M&N Wellesley (Town)— 2s H S 1939-1952 M&S Winchester 3 Ms 1939-46.J&J Worcester (City)— 1 Ms Funding 1940-58—J&J 1Mb 1940-1948 J&J 1Mb relief 1939-48 A&O MARYLAND 4Mb 1939-1942 4mb 1939-1942 J&D15 J&J 1939-1951 A&O ft 0.30 1940-1952 June & Aug 15— ft 0.60 - to 1.60 to 1.60 lMs ctfs of indebt— 6 0.60 F&A 15 Annapolis 4Mb W W *42-A&O 6 1.75 2Ms Hospital 1939-49-J&J to 1.60 1939-1961 Imp 1943-45 See Foreign Govts, page 5s Water 1961 A&O 6 0.40 ft 1.25 to 1.60 o 0.40 to 2.25 J&D 4s Parks 1955— M&N 4s Mar 1. 1961 -M&S 4s 1945-1971 M&S 4s Regis'd stk 1946-57 M&N 4s 1939-1944 A&O 4s 1956-1965 M&S 4s 1972-1975 M&S 3 M« Impt 1940 J&J Price shown is for average maturity. % ft 0.25 1.75 % to 1.40 % 6 0.25 ft 0.25 to to 1.95 1.45 5 6 0.20 to 1.45 % ft 0.15 to 1.50 % ft 0.90 6 2.15 1.90 2.00 2.10 July 15 1941 J&J 15 5Ms Oct 15 1941 A&O 15 5 Ms Highway 1941 J&D 5s Highway 1940.. J&D 4Mb Highway 1943 F&A 4Mb Highway Impt 1944 A&O 4s Highway Impt 1942..A&O 6 2.35 2.25 Ann Arbor— b 1.60 to 2.35 W W ref 4 Ms ft 1.10 to 2.10 ft 1.70 to 2.30 3 Ms 6 2.00 to 2.10 6 0.25 to 1.50 Battle A&O 4s Annex 1954- to 93. 5 Ms registered 1946 M&S 4Mb Mar 1. 1939-'55-M&S 4s Aug 1, 1951 F&A to 1.50 6 0.25 MICHIGAN to 2.50 M&S 6 0.20 MEXICO to 2.00 Baltimore— 58 to Lowell— to 2.50 5s Gen 1.50 6 0.25 2.35 to 2.25 to 3.25 0.75 0.75 0.75 1.50 5s to to 1.00 J&D ft 0.30 2Mb 2M8 ctfs of indebt, 6 1.00 6 1.00 to ft 0.20 to 2.25 b'dge) 1939-58 to 3.10 110 '39-'54.A&0 Sept 1, 1939-1953 M&S Highw & Bdge 1939—M&N Highw & Bdge '40-44 M&N Waterville 4Mb 1940-50 Westbrook 4Ms 1939-48 to 2.30 ft 0.25 ft 0.25 2s G & E 1939-1947...A&O ft 0.50 to 2Mb 1940-1947 r._J&J Sewer ft 0.25 ft 0.25 M&S 2Mb 1939-1946 J&J 2Mb 1939-1968..M 2 & N 2 4s 1939-55 (tax-ex)—.M&N Framingham— 1% relief 1939-43.-M&N15 1Mb water 1939-58 M&N Holyoke— 4s School 1939-1950...A&O 107 Tensas Basin Levee District— 1939-1950 to 2.25 Fall River— 112 Shroveport— 5s Dec 1. 1939-1969—J&D b 1.25 4Mb W W & Sew '39-'54J&J b 1.00 4Mb May 2, 1939-67.M&N2 b 1.00 1 .00 ft 0.25 1939-48. .--.M&N15 6 0 20 Everett 1Mb 1939-1941.. J&J ft 0.25 lMs Relief 1939-1948..J&D ft 0.30 111 1952-1958 3.15 to 3.10 1Mb 110 1939-1945 3.10 to Easthampton (hi'way & relief) 3.50 to to to 2.40 Chelsea 4s 1958 109 3s ctfs of indebt '39-'50—A&O 6 0.30 6 3.50 3.25 3.25 6 3.50 2.20 J&D 106 107 109 Portland L75 2.00 1939-48.J&D ft 0.40 2Mb % 2.90 to 3.10 106 to 3.80 M&N 6s 1944 4s to 2.75 to ft 0.50 J&D 2MB 1983 101 1939-1944 1945-1967 South ft 0.40 Metropolitan District— 2Mb ser A 1939-58..M&S 2Mb ser B 19 10-62._J&J 2Ms Dec 15 1939-1960.2Ms Oct 1 1939-62..A&O Braintree—4s 1939-1941. J&J Brockton lMs 1939-'48-.A&0 Cambridge— 2s 1939-1958. A&O 1Mb 1939-1946 F&A 1Mb 1939-1942.. .F&A 100 M to 3.51) 1940-1949 J&J 105 1950-1959 J&J 107 ♦4Mb 1939-1961 A&O 105 ♦4Mb Sept 1. 1939-'68.M&S 105 4Mb Non-callable 1952 J&D b 3.60 Portland 6 3.70 3.15 J&D ft 0.40 M&S J&D J&D J&J 2MB 1939-1955 to 3.30 100 99M b 1.75 102 6 3.55 2.70 ft 0.50 1 1939-1957 2Mb 1939-1968 J&D ft 0.50 2Mb Sept 1 1939-1956.M&S 6 0.40 to 3.10 Orleans District— Water 3.15 3s April 2.25 to 3MsJulyl 1953-1968 4s July 1 1940-1952 4s Mar. 1 1942-1964—M&S b 2.90 July 3.10 4s relief 1939-53 3 Ms 1939-1951 3 Ms June 1 1943 3 Ms June 1 1944 3 Ms July 1 1945. to 3.10 J&DI&2.50 Orleans Levee District— 3 Ms Ref 1939-1962.M&S 1957 MAINE A&O 4s Sub 1958 tax-ex 2.75 J&D b 1.00 1939-1945 1945-1960 1961-1980 Jan 3.50 3.15 3.40 J&J 4s Tun & Sub '59 tax-ex J&J % to2.75 *1.00 b par b 2.85 % 4s Sub 1957 tax-ex 106M 105 4s C H '39-*45 tax ex..A&O 6 0.75 Portland Bridge District— ft 0.75 3 Ms July 1. 1939-1947 Bonds— 1.50 % to 0.85 4Mb Sept 11981 M&S 4Ms Tun 1960 tax-ex..A&O 4 Ms Dec 1976 J&D 4s Tunnel & Sub 1948 J&D Sewer and Water— 4s _ 1939-1970—A&O be called to Boston— 102 M 102 Refunding 2Mb 1939-'41.F&A 6 0.75 To 1.00 % Portland— LOUISIANA * to to 0.50 — 112 Kennebec Water District— 4s Ref May 1, 1950—M&N 6 2.60 Old Town Water District— 102M 3 Ms Ref 1943 J&J 6 1.40 3s Sew & Park 1941—J&J 6 1.00 Owensboro—5s Sewer—J&D 6 3.70 Short Term to 0.30 114 4Mb 102 M F&A 6 1.80 1950-F&A 6 2.20 F&A 6 2.50 J&J 6 2.55 Warren Co—4Mb *39-*59 % Ms Pub Wks. .Sept 15 '39-*40 i) 0.15 6 0.15 Is Pub Wks Feb 15 1939-41 Hurricane & Flood Damage— M% 1939-43. M&N15 b 0.15 112M Belfast 4Mb Ref *39-'50 M&N 6 3.75 Brewer High Sch Dist— — Paducah— to 2.00 1 107 107 M 4s State Pier 1939-1942..M&S h 0.75 Louisville—5s Sch 1962—A&O 6 2.45 4Ms Hospital 1951—M&S 6 2.30 4Mb Ref 1965 J&D 6 2.50 4Ms 1 1970 F&J 6 2.55 - % % 112 4s Ashland— aewer 1969 Sewer 1947 to 2.00 A&O Borgne Dist Levee— 5s Dec 1952 opt 1942. .J&D New Orleans—Public Belt— 5s 1939-'44 opt 1939.J&J 4 Ms 1939-1944 A&O 4 Ms 1945-1966 A&O Public Belt Bridge Rev— 4s 1939-1945 A&O 4s 1946-1956 A&O 4 Ms serial gold 1939^15 4Ms serial gold 1945-60 4 Ms serial gold 1961-80 1956-1970 5s 4s 4Ms ft 0.15 Metropolitan Water Loan— 2s reg 1944-68 J&J 6 1.10 Lake 4s to 1.50 to 1.35 Arlington 4s 39-'42 (tax ex) J&J ft 0.25 Beverley— 1 Ms 1939-1948 A&O ft 0.25 4s 1945 1.10 0.40 J&D ft 0.15 2Mb Dec 1 1939-1947 2Mb reg July 1 1939-67 110 116M 5s H'way & Bdge Sedgwick Co 4Mb 1940 Shawnee Co 4Mb 1944 Topeka 4Mb 1948 5 Mb Jan 1 1941 J&J Topeka S D 4Mb Mar 1 *39-*46 6 0.30 0.40 Wichita 4Mb 1939-46...J&D 0.40 Sch Dist ref 4Mb '39-48F&A Wyandotte County— 4MB 1940-1945. . ___J&J 6 0.80 1.85 0.70 114M 5s — Saline Co 4Mb to 1.65 opt *62 Lafourche Basin Levee— 5s 1972 1945 Co 5s McPherson 4 Mb 1945 Reno Co 5s 1941 MASSACHUSETTS 116 58 6 0.40 % 3.10 % 3.20 % 3.20 % ft 3.30 _ % 3s gold Water Jan 1 1941.J&J % to 3.10 July 1968 J&J Red River A & B B District— 5s 1950 Series B A&O 5s Mar 1953 opt 1943.M&S 5s 1965 Series D F&A to 1.90 ft 3.20 ft 3.30 % to 1.90 Pentchartrain District— 6 0.20 to 3.25 to 3 Ms 1956 ref (tax-exem)_J&J 3 Ms Water 1942 J&J 3 Ms gold July 1944 M&S 112 J&D b 1.25 J&D b 2.70 Plaquemine Parish E Bank— 5s Oct 1952 A&O 105 % ft 1.25 114 5s to 1.60 to 3.00 F&A 15 5s less 3.25 1.00 ft 1.00 4s 1939-52 (tax exempt) _.Var ft 0.25 3.25 99 106 110 111 to 2.10 00 6 1.00 — 4Ms w w . Orleans Parish Sch Board— KANSAS Lou 5s 1969 1 1.50 ft 105 to 2 0u .Soldiers' Compensation 4s 3.70 to 1.01 5s July 5s July _ 6 1.60 1940 J&J 1942. J&J 5s Oct 15T 1962 op '52.A&0 5s Oct 15,1963 op'53A&0 15 4s Pub lesslM 4Ms Sept 1 1945 M&S 6 1.65 jlesslM 4MB 1944 4s Sept 1 1945 M&S 6 1.70 llesslM 1.75 ,lesslM Lee Co Prim Road 2 Ms-1948 Lyon Co 2Mb May 1 1939-47- 6 0.75 to 1.70 % 4s 3.20 to 2.00 4s Constitutional 3.00 to 1.80 2.40 to 1.01 J&J opt 1941 1 90 ft 2.50 4s Water registd 1939-58-J&J ft 0.25 J&D 1942.J&J Impt'52 opt'42.J&J 4s Pub Impt 1942 J&J to 1.00 0 80 6s Gen Oblig 1939-40.-J&J 6 0 75 Des Moines Ind S D— 6 1.75 4s to 95 5s 1950 opt 5s 1952 opt 4 Ms 4s 1939-1950 to 1.00 Leavenworth 5s 1951 4 Ms 4 Ms to 1.25 4Mb m Caddo District Levee— M 1939-42..-J&D 6 0.50 W W to 3.05 to 98 110 Baton Rouge—5s '39-'54 M&S b 1.00 Bossier Dist Levee 5s '54-A&0 108 0.80 to Des Moines 5s 1939 *57—J&J 6 0.50 4MB to 2 .95 Charity Hospital at N O— 3.85s 1942-68 F&A Atchafalaya Levee Dist— 5s Sept 1939-1972 M&S 5s 1959-1969. Hammon 4Mb 6 2.60 ^ 1939-1943 5s Oct 1 to 3.20 Fifth District Levee— Wayne— 4Mb 1939 to 1957 A&O 6 1.50 F.jrt Wayne School Disfc— - 6 2.40 ser S 1941-1957 J&J 6 2.00 3Mb series S 1958-1960.J&J 6 1.00 State Pension 5s June 1,1948. 6 3.10 2.75 ft W '41-A&O Hagerstown— 5s Water 1939-1987...A&O 4Mb 1939 1987 A&O Montgomery Co— 4Mb 1939-1968 M&N Washington Sub San Dist— 3Ms W;«t & Sewer '87.M&N 4 Ms Sewer g 1973 J&J 106M b 2.75 1.50 ..M&S Cumber'd 4Mb W to N$t (Concluded) March 3 Ms Sewage Impt '80.A&O _ 2.75 % 6 1.75 1.05M Capital Bldg 4Mb Aug 15, '52 b 3.30 to F&A 98M Ms 3Ms Refunding 1952...J&J 99 m 4s to 2.80 A % 103 101 1941-60—J&J 6 100 3Ms series Q 1941-60—J&J 6 1.50 to 3 .25 River Forest S D No 90 4 Ms 1939-1944 ..J&D b 2.00 Rockford S D No 205— 2.10s 1944-1958 Winnetka (Village) to 2.40 6 1.25 3 Ms series R _ , Baltimore B & C 1940-1943 1942-1956 3 Ms Jan 1 1957-1961 Long Term Bonds— Refunding 3 Ms 1942-'56.F&A Ref 3 Ms 1957-1960 F&A State Highway— 4Mb series D & E 1944-55__ 5s series F Mar 15, 1945-485sseries K July 1,1947-49.. 1 Ask Bid Bonds Highway— 4s Jan 2.50 b 2.35 To or Net Ask Bid 6s series A to 2.25 ft 1.00 To or Bonds Net Ask state Cook County— 4s 1956 opt 1940~'44—» Yield Basis Yield Basis Yield Basis Bid Bonds BONDS MUNICIPAL AND Quotations for all securities are as near as ft 2.00 6 2.10 6 2.35 4Mb to 2.40 2°.40 6 0.50 6 Basis. 0.40 % / Flat price. less ft 0.90 ft 0.85 less ft 1.40 less M ft 1.45 less ft 1.15 « M M 1939-1948 J&J 1944-1946 less Creek— Sewer 6 1.25 to 2.00 F&A(ft 1.50 to 2.50 1939-40..M&N Battle Creek S D— 4 Ms 6 0.90 1939-1949 .. % FEB., 1939] STATE Quotations for all securities AND are as near as MUNICIPAL Yield Basis Ask Bid Bay City— 5Hs w w 1939-1951 MAS b 1.20 Dearborn— 4Mb Sewer '40-'51-'56..A&O b 2.25 4 Ha 5s to 2.10 3.35 lest 1 4Mb 1 4Mb 4Mb 4Mb Jackson County— b 3.15 less 1.00 to b 3.10 3.00 % less 1.00 to 1 4 Mb 3.00 % b 3.80 less Refunding 3 Ha '57-'Q2 J&D Refunding 4s '39-'56—J&D General & Street Railway— b 3.80 b 1.00 to 3.85 1.00 to Joplln lesslM 375 1 1 Water 2Mb Oct 1 1939-62.. 1.0) to Refunding 2 H a 1951 -63 J& l 375 less Refunding 3 Ha 1939-50 J& J Flint 4Mb 1939-1954.M&S 15 1.50 to 3 75 2.00 to 5s (Mar 1 & Apr 1) *39-'502.00 Flint Union School DLst— 5s 1939-1954 M&S b 2.00 4Mb Marl 1939 3-10 % 1 3-80 1 to 4.00 % 4Mb 1939-1943 Highland Park 4Mb April 15 1957 5 Ha May 1 1941 M&S 6 1.25 to 4.00 to 3.00 to 2.60 % 6 3.30 6 0.50 6 0.50 Refunding 4s 1966 Atlantic City— to 2.60 6 0.50 to 2.70 .50 to 2.70 6 0.50 to 2.70 to 2.30 0.50 Bayonne 5s 1940-1949 J&J 4Ha 1939-1955 F&A 4Mb School 1939-1966.F&A Belleville 5s 1939 & *44.M&N Belleville S D 5s '39-'44 M&N Bergen Co— 5Ms Dec 1 1939-1942-J&D 5Ms Dec 15 1939-60.J&D15 5b Dec 15 1939-1955.J&D15 4Mb 1939 -A&O 1.20 to 2.70 0.50 to 2.75 0.50 to 3.00 0.50 6 0.50 to 2.95 6 0.50 to 2.60 to 2.90 6 0.70 M&N 1939-1946 6 2.00 J&D 6 1.00 Muskegon 4Ha 1940-44.-J&J Muskegon S D 5s 1942 July to 2.60 6 1.50 6 2.25 to 2.25 to 2.75 % 6 1.00 6 1.00 to % to 2.75 % to 6 1.00 b 1.00 b 1.00 2.75 % to 1.65 to 3.20 to 3.00 % % 1.00 ------ Bloomfield4Ms 1939-69J&D 15 b 1.00 % to 2.85 to 3.10 to 2.50 to 2.70 Bridgeton (City)— -4Mb 1939-1958 % % % J&D 6 1.50 to 3.80 J&J 6 1.00 J&J 6 0.80 J&J 6 0.40 J&J Camden— % to 2.60 to 2.60 to 4.75 % J&J 5Ms 1939-1961 F&A b 2.00 4Mb Water *39 to '60.M&N b 1.50 4 Ms 1942-1969 J&J b 3.50 4s 1945-1970 & 4.00 Camden Co— 4Mb 1939-1970 J&J b 1.50 to 2.60 J&J 6 1.00 to 2.50 J&J 61.80 to 2.40 4s 1944 1968 to 2.50 2.50 ... less 6 1.50 to 6 3.10 to 1.80 °35 6 0.70 5s 1939-1940 Delaware River to 2.10 to to 2s to 1954-58.. to 2.00 to MINNESOTA to J&J 6 1.50 J&D 6 0.75 less H to 1.50 to 2.60 4s 1939-1946 J&J 6 1.00 Duluth Ind School Dist— to 2.35 Great Falls— n6Ha 1939-1940 to 1.50 less 1 1.85sRuralOedItctfsl941 less 6 1.25 Rural Credit ctfs 1942 6 1.50 less J&J 6 1.00 —-A&O 6 1.00 % to 1.50 % 1.00 % .... Duluth— 4Ha 1939-1947—. to 2.25 to 4.00 4Mb Wat & Sew '39-'50-J&J 6 1.25 to % 3.25 NEBRASKA Beatrice 8 D 5s 1939-54—F&A 6 0.50 Douglas County— to 2.65 6tl.00 5b Highway 1939-40—A&O Holdrege S D 5b 1939 -55. J&D to 2.50 6 0.75 A&O 6 2.00 M&N 6 0.75 A&O 6 0.50 M&S 6 1.00 M&S 6 0.50 4s 1944 3 Ms 1939-1941 2.60s 1939-1966 2Hb 1940-1967 2.30s 1939-1947 2M s 1939-1958 2.20s 1942-1959 1.75 6 0.50 6 0.50 to 3.00 Lincoln School District— 6 1.00 6 Par to 2.70 1.75 less 1 to 1.50 to 2.75 4 Mb Wat wks Dec 15 *41 J&J 6 0.75 to 2.75 F&A 6 0.50 6 1.60 6 0.50 to 2.25 6 0.75 to 2.50 1939-1943 1Mb 1944-1948 to 2.50 4Mb 1940-1955 to 2.00 to 2.50 1 1 to 3.00 —J&J 0.80 4Mb Highway 1939-1943.J&D 6 0.90 3 Ms Refunding 1942-1944 J&J 1Mb Highway 1941-1946 M&S to 2.25 to 2.25 6 3.00 A&O 6 0.75 July 1 1951...J&J 45*8 W W 1939-42 —J&J 6 0.50 4s July 1939-1948 6 0.75 2Mb Sewer 1939-1956.M&N 4MB U S D 1939-1965.J&D Keene 4 Ms 1939-1942—-M&N Manchester— 4s Impt 1939-1951 A&O 3 Ms Bridge 1939-1956.F&A to 2.25 to 3.10 4Mb 1940-1959 to 2.60 J&J 6 0.75 ....A&O 6 0.75 J&D 6 0.50 to 2.75 % to 2.10 % to 1.80 % less 1 less 1 1.00 to 1.65 % Nashua— to 3.00 3s H S 1940-1956 J&J to 2.60 -J&J 4Ms Flood A&O 6 1.2 5 M&S 6 1.25 6 1.25 1939-1953 Highway 1950-59.—F&A to 3.25 to % 3.25 % 3.25 6 2.80 to 25 to 3.05 Biloxi 5 Ms 1939-1943.-A&O Callable bonds 97 Non-callable bonds 97 Greenville 5s fund '43-'50 F&A 6 2.50 Jockson— 1939-1954 4Ms Jan 1 1940-1952 A&O 6 1.50 QQ to 3.40 6 1.50 to 3.60 to 2.50 4Ms 1939-1952 M&N 4Ms July 1949—- .M&N 6 2.80 to 3 00 J&J 6 3.40 to 3.50 6 1.50 to 3.40 to 3.40 4 Ha Road 1948-1950—M&S 6 1.75 4Ms 1939— A&O M&S 6 1.15 on bid side. 0.70 _ .40 MISSOURI f Less 1 2.00 s M&N 6 1.50 J&J 4Ms 1943-1946 0.70 0.70 0.90 1.00 30 to 0.40 0.40 0.50 0.60 0.60 0.60 B of "24 July '55 opt '40 O of '24 July '58 opt '41 0.70 4 Ms ser B of '30 July '39-*e7 6 0.40 3 Ms ser O of *30 Nov *39-'69 6 0.50 Institutional Construction— to 2.50 to 2.30 (h25 % /Flat price, n to 3.50 to 2.15 to 2.75 % 2.25 to 3.00 % to 2.90 % 83 82 Bldg&Rd'39-'45 J&D20 5 0.75 to 2.10 % — 4Mb 1942 F&A 4Mb Imp 1940-1942..J&J b 1.00 6a 1939-1954 F&A b 1.50 3b 1939-1966 M&S b 1.25 Hamilton (Township)— 2.00 to 2.10 to % 3.60 % to 3.20 % 1939-1978..J&D b 1.50 1940 J&J b 2.50 to 3.50 % % 1940-1954... J&J b 2.00 Hudson County— 4Mb 1939-1978 M&N15 b 1.00 to 4.40 % to 3.35 % 3Ms sewer School 2.00 4s g Park 1954 & '59.M&N t 2.90 4Mb Road & bldg '4O-'40J&J b 0.75 Irvington 5s School 1963.J&D 4Mb 1939-1959 J&D b 1.00 to 2.15'% 3 15 to3~.6o Jersey City— 5Ms 1942-1953 A&O 5s 1939-1969 A&O 4Mb School 1939-1958.J&D 4Mb School 1945 J&J 4Ms Water 1901 A&O 4Mb 1939-1967 J&D 4s Refunding 1949 F&A 4s July 1 1939-1953 Gen ref 3Mb '39-'54..F&A 3Ms, 1939-1956 J&D Keansburg 5Ms 1939-59.M&N b 3.60 to 4.40 b 2.25 to 4.40 b 2.00 % to 4.20 1 3.75 b 3.75 b 2.00 3.65 to 4.10 % 3°85 2.00 to 3.90 b 2.00 to 3.80 1.75 to 98 1 ■ 3.65 87 4Mb Water 1939-70.J&D15 4Mb Sch impt *39-'52.J&D 5 Ms 1939-1970 J&D Linden 2Mb 1939-1956—J&D 1.25 Maple wood (Township)— 4s 1939-1967 J&D15 Mercer County— 3 Ms April 1941 .A&O Middlesex (Borough)— 3 Mb 1940 to 1967 J&J Middlesex County— 4Mb Road 1939-1944—F&A Imp 3s Nov 15 1939-1948— Monmouth County— 4Mb Mar 15 *39-'50—M&S 4Mb Rd & bdg '39-51F&A15 Montclair 4Mb Sch 1941.A&O 4 Mb High sch bldg '44. J&D 2Mb May 16 1939-70 Morris County— 4Mb 1942 opt 1922 J&J 3 Mb 1939-1949 J&D15 ■»**v»»v»jv»ak 1 to 3.50 1.25 to 3.25 1.25 to 3.75 0.60 90 to 4Mb % % 2.20 % 80 3.65 94 b 0.75 75 to 2.90 % 1.20 w&v/wnM/ 5 2.00 to 3.85 6 1.00 b 0.75 to 2.20 to 2.40 1.00 to 3.25 1.25 to 3.25 b 0.75 to 2.60 b 0.75 to 1939-1942 4b 1939-1969 % % 25 2.10 % 0.75 J&D 6 1.25 M&N b 1.25 2.30 % to 2.25 to 3.50 Neptune 4Mb 1940-1955-F&A Newark— 6s 1939-1972 % % 4.75 M&S 8Mb Oct 15 *39 to'59 A&015 1.50 to 4.10 5m 1939-1958 J&J 1.50 to 4.00 4Mb 1939-1983 F&A 4Mb School Dec 1 *45—J&D 1.50 to 4.00 1.50 to 4.25 % L 3.60 to 3.80 % to 2.40 to 2.40 2Mb Jan 15 1940-1976-J&J b 1.25 to 0.40 to 2.30 0.40 to 2.50 4i series O April 1939-1969. 2 Ms series DMay 1939-1970 0.40 0.40 Nominal. % 4s Sch house 1959 opt 1949 4s Pas Val sew'61 op <51 J&D 4s 1939-1970 J&D b 1.50 3 M« Track eler 1954—F&A 3M« Ber A July 1939-1960-. 4Mb series B July 1939-1967 J.90 to 1.50 1.25 Morris town— 4Mb O of *20 Jan *53 opt *38 a D of '20 Jan '54 opt *39 s E of *20 July '54 opt '39 s F of '20 Jan '55 opt '40 s A of '24 Jan '55 opt *40 Yaroo-MIss Delta Levee Dlst1939-1954 0.60 Highway Extension— District— „ 0.40 0.60 Soldiers Bonus 5a July 1941.. 4Ha School House 1941 J&J 5s May 2 1944 fe July 1 1953 0.70 4s series I July 1943 4 Ms series A of '27 July 1944 4s ser B of '27 July 1950 Meridian 5s Dec 1 1939--J&D Vicksburg— 5s Pub Imp 1939-1948. F&A 0.40 0.60 0.60 4Mb series F Jan 1941.. to 3.60 Jones Co 5s 1939-1942...M&N 6 1.50 bonds— Series B July 1939 series O Jan 1940—Series D July 1940 4Mb series E Jan 1941 Road Bonds— 4 Ms series G July 1941.. 4s series H July 1942.... to 3.75 6 1.50 Bridge 4Mb 4Mb 4M8 4 M« series O July 1939 4 Ms series D Jan 1940— 4Mb series E July 1940-.... 99 ....... 5 Ms I % 1.25 to 3.20 % 1.25 ■to 3.20 J&J Lodi—5s 1940-1947 J&J Long Branch 5s 1943 M&N Lyndhurst 3-5s 1939-57—J&J b MI3SISSIPI Impt 1939-1946 4%s May 1 1939-1950. 4Ms Impt 1953 to 2.90 to 3.20 Kearney— 6 NEW JERSEY 5 Ms 4 Ms % 117 1.00 .to 2.90 % 1939-1957.. A&O 1 1939-1946.J&D 1940-1972 to 2.85 Hunterdon County— Concord— less 1 5e School July 1 1951.-J&J 6 2.75 5s Gen'i impt 1940-62.-J&J 6 0.75 4 Ha Sewer July 1 1943-J&J 6 2.00 3.50 % 1.00 4Mb 1939-1966 J&D 5Mb Water 1939-1963.M&S Gloucester Co— % to 0.50 NEW HAMPSHIRE Ramsey County— 6 0.75 to 1.00 Englewood 5s 1939-1944.A&0 1.00 Essex County— 4Mb 1939-1960 M&S 15 6 0.75 4s Hospital 1946 F&A Essex Fells (Boro)— 5s July 28 1939-1960 b 1.00 Fair view—5s, 1944 J&J 99 Glen Ridge— 4 Ms Mun Bldg 1939-70 F&A b 1.00 Gloucester City— 5s to 2.00 2 Ha 1939-1947. F&A 4Ha 1939-1950 F&A 4Mb Rd & Bdge *39-'44M&N 4Mb Rd & Bdge *39-'43 J&D St Paul— 1 2°.85 to 1.50 F&A 2.75 2.25 2.80 to 2.00 1.80s to M&N 4Mb May 1 1950 to 2.35 2s 1939-1946.. A&O 6 0.50 1.90s Oct 1 1939-1946.A&0 6 0.50 % 5s 1948 .J&D Omaha SD 4Mb Mayl'55fa&N York School District— to 2.20 M&N 6 0.40 J&O 6 1.25 % 3.75 % 80 115 M&S Hoboken—4Mb 1939-1953 M&N 6 0.50 McCook Fund 5s ,39-,43.F&A 6 0.75 North Platte Sch Dist— 4MB 1939-1959— J&J 6 0.50 Omaha— 4Mb to 2.75 to to - 6tl.00 to 1.50 6 1.00 to 2.00 to M&S b 0.55 5 Ms Dec 3.00 % 6s Bridge 1939-1940.-M&N 6tl.00 to 1.50 5Ms Bridge 1939-40—M&N 4Mb Sanitorium '39-'42 J&J Hospital *39-'41.M&N Minneapolis— 5s 1940,1943, 1945,1946, 1947, *48, *49. '50-.-J&D 4Mb Apr 1939-1952...A&O 4 Ha 1939-1940 A&O 4Mb Hackensack Hennepin County— 4 Ha 1939-1945 4Mb 1946-1973 6s Funding bonds— 48 opt *44, 1940-1953-.J&J 6 1.00 Highway debentures— 6 1.00 4Mb Dec 31 1939-40 6 1.25 4Mb Dec 31 1939 Daniels Co 5 Mb 1940 J&J 6 3.25 6s 1941 opt 1940 J&J less M 2M trunk h'way *47-51—M&N 6 2.00 to 3.85 Com 4Mb 1939-1969. J&D 5s Sewer 1940-1960 J&J 3 School 1939-1974—A&O Elizabeth— % 1.80% 1.90 % MONTANA 3 Ms July 151943 4Mb Dec 1 1939 4Mb „ % to 2.05 .M&S b 3.00 Joint East Orange— to 2.00 Springfield 4 Ms *39-'49—M&N 6 0.40 University City— 4Mb 1939-1943 M&N 6 0.50 4Mb 1942-1949 —J&J15 6 1.35 1 % % 4.30 % Phila-Camden Bridge— % 1.75 % 2.00 % 2.00 % .1.95 A&O 6 2.00 M&N 6 1.90 F&A 6 1.70 2Ms 1951-56 to 75 „ 0.70 M&N 6 1.00 Public Bldg & Impt— 3 Ms 1950-55 1 less .F&A b 3.10 Cape May— 4Mb School 1939-1931.M&S Cape May Co— to 3.35 to 4.35 _ 4s 1939-51 M&N 6 0.40 3s School 1940-1954...F&A 6 0.70 3s Refunding 1952 A&O, 2.80 6 1.50 b Basis, to 3.90 2.00 2.00 1939-1946--J&D b 1.50 4Mb 1940-1953 4Mb 1941-1948 % to 2.75 5s 2.00 2.00 Bogota 4Mb -— 99 less 1 Mississippi Levee to 3.85 to Bound Brook 4 Ms *39-'42 J&D b 1.50 County 3 Mb toll bridge series A. .July 15 '56 100 St Joseph 4Mb l939-'45-M&S 6 0.40 Refunding 4 Ms May 1 1951 St Joseph S D 4s 1940 less M Saginaw—4 Ha 1939-49-F&A 4Mb Sewer 1939-1951.J&D Wayne County— Covert roads Voted bonds 4Mb Airport April 1 1948.. „ % % % 3.85 % to 4.00 2.00 to 2.80 St Charles % to 3.40 Refund 4-4 Ha 1964 opt 1937 97 4Ha School June 1 1955.... 6 4.50 Port Huron 4Ha 1942 6 2.25 3 Ms 6 6 6 6 6 to 3.25 to 2.75 2Mb 1945-1955 Pontiac— 2.60s 1939-1957 101 100 6s July 1 1939-1944 6 2.50 5 D 4Mb 1939-1955—M&S 6 2.50 to 3.15 1.30 0.50 56 87 85 t 6 0.50 68 55 Water 3-4 Ms Jan 1973 Atlantic County— 4Mb Bridge 1939-57—A&O Audubon (Boro)— St Louis— 4s 1939-1961 66 2M-4Ms Jan 1973 to 2.70 3Ms 1941-1951 2.40 1939-1945 6s school A Jan 1940-42 to 1.00 6 2.50 Ms 1958-1975 2Mb 1956-1975 Kansas City S D— i Lansing— _ 1943 J&J 6 2.60 A&O 6 2.45 2 4s 1941-1951 Jackson Union S D— 2s h ser to ... 1941 4Mb 1940-1950 4Mb 1940-1950 4Mb 1946 %°.QQ to 2.10 4Mb School Nov 1 1954 6 3.30 less l Jackson 4Mb 1939-47.-A&016 6 2.00 to 3.25 % 4Mb July 15 1955. 6 4.00 less M 4 Ms to 5b 1941 Grand Rapids— 3 Ms Sept 1 1939-1940.M&S 5 1.25 3s Sept 1 1941-1945...M&S 6 2.00 Grand Rapids School Dist— 4^8 May 1939 Asbury Park (City)— 6 1.60 4M8 Various May 9 '39-'72 4Mb Jan & July 1942—.J&J 4Mb 1939-1955 A&O 4Mb Airport 1939-54.-A&O 4s Airport 1939-1971—M&S 3 Ms 1939-1974. J&J 3Ms 1939-1974 F&A 3 Ms 1939-1955 A&O 3s 1940-1957—. J&J 3s 1954-1975 M&S % Emergency Relief— Ed Aid 4 M . 4Mb 1943-1948 Kansas City— 3.80 % less „ J&J 1940-1950 J&J 1939-1950 J&J16 1949 J&D Road 1940 1952 —J&J Court h'se '40-'52 J&J (School District)— 4s 1939-1951 Street railway 4 Ha „ to 1.00 to 1.15 Ret 3s 1943-1956 series D— _ 0.60 0.25 1 3 Ha Oct 1939-59 General 3s Oct 1 1959-62... to 1.15 J&J 6 1.20 99M less fl 0.60 to 0.50 3.30 4s July 1 1939-1947 to 1.00 2M Jan 1940 to 1.80 4Ms 4MB „ to 0.90 to 0.75 1 b to 0.90 N. J. 3 Ms Jan 1940-1941 1.75 less 1951-1931 1939-1950 1948-1950— to 0.90 0.40 4 Mb Nov 1939 to 1941 6 0.50 3Ms Mar 1939 to 1942 0.40 3 Mb May 1939 to 1942— 0.40 0.25 3.25 3 Ha Oct 1 0.60 5b to 1.80 0.25 Water 4s 3 Ms Oct 1 3 Ha Oct 1 to 1.75 to 1.85 J&D 1 Refunding Water 1.25 3s Road 1953-1957 less Ask 1.70 3s Building 1939-1941 J&J 3s State Bldg 1940-1944.F&A Buchanan County— 400 Bid 1.65 to 1.70 99 99M or Bonds J&J 1948-1952 Ms 1948-1952 4 Ms Road 1939-1942 1.10 97 M 98 non-callable.. Ask M&S A&O M&N 3 97 £Ms Nov 1 4s to 3.30 95M 4s Bid 4s 1943-1947. 4s Road 1944-1948 Detroit— General 3 M® callable (Long) Bonds Yield Basis To Net or Net 3.10 to 95 Yield Basis To or Bonds BONDS possible for the closing day of the month preceding the date of Issue 3.50 'I°.5J 3.60 % MUNICIPAL BONDS STATE AND 96 Quotations for Bonds 4s New Brunswick— . b 1.25 4MB 1939-1957------F&A b 1.25 4Mb Sch & wafc '39- 69-J&D 4MB 1939-1967 .—J&D b 1.25 Nortn Arlington (Borough) 78 Refunding 4s —81 North Bergen ref 4s-4Ms to to Nutley (School District)—b 1.00 4Mb 1939-1942 F&A b 4Mb 1943-1967 -F&A 2.35 5Ms Nov 15 1939 — M&N 101 Ocean City5s 1944—___F&A &100 4Mb Impt May 15 1939-56Ocean Co 4Mb 4Hgs 1939-1964_A&0 Sewer Passaic 1939-'50_J&D 2.25 % 3.15 % 1.00 98 b 3.00 to 4.25 b to % 3.50 % - 6 1.50 4MB 1939-1940 M&S 5 Ms General improvement 1939-1951 -J&D b 1.50 5s Impt 1939-1948 M&N b 1.50 4Mb Refunding 1944—M&N b 1.00 4Ms Water 1939-1970--J&J to 2.00 to County— 4MB 1939-1946 4MB 1939-1968 „ % 3.80 % % 3.10 to 3.70 to 3.35 % „ % 3.30 % ---J&J J&D b 1.00 to 2.25 b 1.00 to M&N F&A A&O b 1.00 to 3.90 % 3.20 b 1.25 to 3.70 % Pa5J?8)I1939-l959 4Hs Feb 1 1945 4MB 1939-1967— Perth Amboy— 4 Ms April 1944 93 — 4Mb Water 1939-64—M&S2 5s Feb 1939-1977 F&A 4 Mb refdg 1944 & '46—F&A Plainfield 4s School 1959 M&N 4Mb 1939-1962 Various-J&J Rahway— 4MB 1939-1953 J&D Ramsey 5s Water 1939-1940— Red Bank (Borough)— 4Mb 1939-1953 M&N 2Ms Dec 8 1 939-1987.-J&D Unemployment Relief— 2Mb July 6 1939-1947.-J&J General State Improvement— ft 0.20 to 2.00 b 0.15 to 1.35 2Mb July 6 1939-1962.-J&J 1 Mb Sept 10 '39-46-M&S 10 Emerg Unemploym't Relief— 2Mb Sept 25'39-'43—M&S 2 Ms Sept 25 '44-'45- .M&S 1 Ms Sept 10 1944-1946.---Albany County— 4MB 1939-1960 M&S 3 Ms Fund 1939-1941. M&N 2 Ms refunding 1940-'57-J&J Albany (City of)— 4M 1939-1969 M&N 4M 1939-1970 J&D 4s Munic & Sch '40-'63.J&J £ 0.15 99 90 92 93 90 98 2.60 2.70 % 1.00 Binghamton— 4Mb Oct 1 1939-1971 2sMar 119391956 % to 3.00 b 1.00 to 3.35 b 1.00 to 3.00 Sewer b 1.00 to 3.00 b 1.00 to 3.00 6 0.75 to 2.10 b 0.75 b 1.50 to 2.60 b 1.00 4Ms'39-'44—_M&S Impt 1939-1955—M&N Tenafly 4Mb 1939-1963.F&A to 99 89 Ventnor City refunding4-5Ms Vine land (Boro)— 6 Ms 1939-1950 M&S b 1.50 Weehawken— 3Ms 1941-51 opt '40—.A&O 100 M 3Ms 1940-1979 *J&J 6 1.00 Westfield— 6s June 15 1939-1960-J&D b 1.00 4M81939-1966 A&O b 1.00 West New York— 4Mb Oct 1 1939-196S—A&O b 2 50 1939-1961.-M&N West Orange Gen ref 3Ms 1940-1959 A&O 3.75 to to 2.70 0.50 to 3.10 to % % b 2.25 to 1.50 100 98 100 2.50 b 3.00 2.75 101 2.40 b 3.00 114 to to 2.85 to 2.60 _ 1950-53- to 3.80 95 to to b 2.20 M&S ft 0.30 M&S ft 1.901 to 2.10 to 2 .15 3M% sf Rev 1968—A&O Niagara Falls— 5Ma 1941-1948 M&N 4.15s Sewer 1965-70--M&N to 2.15 F&A 6 0.40 1940-1958 to 3.10 6 0.30 to 1.50 & 0.50 & 2.75 ft 0.30 b 0.50 ft 0.50 to 3.00 1939-1945 to 0.75 Niagara Falls S D— 4Mb 1939-1960 M&N ft 0.50 to 2.00 No Hempstead S D No ft 2.00 to 3.10 4,20ssewer 1946-1960.M&N 4Ms 1939-1951 M&N 4.40s 1939-1950 M&N Garden City 4Mb 1939-52-J&J Greenbureb (T)— to 2.50 to 2.25 2s Mar 1 to 2.90 ft 0.50 & 0.50 ft 0.50 to 3.50 to 2.30 to 4.00 to 2.40 ft 0.50 Pelham & 0.50 to 3.00 to 2.35 1110 2.20 % 1.50 b 0.50 ltol.10 to 3.30 Gen & ref 38 Dec 15 1976 b 0.50 3.90s 1940-1964 J&J b 1.25 Middleport 4.35s '39-'42.J&D b 0.50 to 3.50 to 3.90 % b 0.50 Mineola (V) 4.40s 1939-68 J&J Monroe Co 4s 1939-44—F&A b 0.50 to 3.25 % 0.15 1.75 % 0.75 1.35 '39-'50--F&A to 1.30 to 1.60 b 0.75 to 2.30 b 0.75 b 3.00 to 2.00 b 2.50 to 3.20 b 0.50 to 3.10 b 0.50 to 2.50 M&N A&O b 0.50 b 0.50 to 2.00 J&D J&J b 0.50 to 2.35 b 2.15 to 3.00 b 4Mb 1939-1943 A&O 5Ms 1939-1941— A&O 4Mb School 1962-73..M&N 4s Sewerage 1950-55--M&N 2Mb 1939 to 1956 M&S 3s 1939 to 1946 M&S b 2.00 1.90 4s High Imp Mar I960-- M&S b 2.10 4s Canal Imp July 1960--J&J ft 2.10 4s Ca/ial Imp Jan 1961 J&J ft 2.10 2.00 5s 1939-1943. 2.00 4Mb 1939-1944 4s 1939 1947 to 3.40 Nassau County— 2.00 Kighw Imp Mar 1962 M&S ft 2.15 6 2.15 4s due Sept 1 1965— 4s 3.00 2.00 3 Ms 1944-19«1 3s July 1 1940-1964 2.00 3s 2.05 3.40s July 1 2.05 ft 2.15 2.05 6 2.15 2.05» £ 0.40 , to 2.10 1.15 to 3.10 P&A 6 0.50 to 2.20 1941-1945-J&J b 1.40 to 2.15 v 2.20 2Mb 1946-1956 2Mb 1939-1957 -F&A b 0.50 2.40s May 1 1939-48.-M&N b 0.50 to 2.80 1939-1950 J&J — 4Mb ser D '39-'4l--M&S 4Mb ser D '42-*60—M&S to 2.90 to % 2.40; % to 2.75 to 2.15 to 3.00 to 2.90 106 to 2.00 to 2.50 to 2.20 to 2.10 to 1.60 to 2.50 to 1.60 to 2.80 to 2.40 to 1.65 to 2.50 0.50 ! to 3.00 to 3.30 2.25 to 1.60 0.60 to 1.80 0.40 to 2.20 0.40 to 2.30 0.50 to 2.40 0.50 to 2.30 to 2.10 to 1.60 to 3.00 to 1.80 „ ft 0.50 „ £ 2.00 £ 0.40 £ 0.40 b 0-70 107 to 2.40 to 3.00 to 2.10 to 2.30 to 3.20 108 105 M 106M 104 105 101M 99 M 102 M 100 M 107M b 0.70 108m to 1.40 % 110 Holland Tunnel— b 0.50 4Mb ser E '39-'4l —-M&S 111 4Mb ser E '42-'60—M&S b 0.70 do 4Mb '39-'5l-A&0 4s 1939-1954 F&A b 0.70 Rensselaer County— Putnam b 0.70 4Mb Highway 1939-58-F&A 5s '39-'62 F&A b 0.40 Rochester Mount Vernon— 1958.M&S 2 00 t Inland Terminal— to 3.85 b 2.00 Gen & b 0.75 1958.M&S / Flat Gen & George Washington Bridge4 Ms Ser B *40 to *53 -M&N to 1.20 b Basis. Gen & Authority— ref 48 May 1, 1975— ref 3Ms Dec 1,1965. ref 3 Ms May 1,1976 ref 3 Ms Aug 15 1977 % % 2.00 . Sch Dist. 96 to 2.30 4s.Canal Imp Jan 1967--J&J Fr 93 b 0.50 1966 Un 92 1Mb Jan 15 1940-1942-J&J b 0.50 4s Canal Imp July 1961-.J&J ft 2.10 48 Highw Imp Mar 1961 M&S ft 2.10 4s Palisade Park 1961—M&S ft 2.10 4s Canal Jan 1962 _J&J 6 2.10 0.40 0.80 0.40 2.40 1-10 Port of N Y Gen & 3.90s Co Bldg 1 (T) Poughkeepsie 4Mb '39-52 J&D 4s School 1939-'59 M&S Port Jervls 4Mb 1940-'69.J&J to 2.30 to 4s No 1 4.60s 1944-1966 to 3.00 ft 0.50 ft 0.50 ft 0.50 2.05 % 4s due Jan Co Oyster Bay Water Dist— 4s 1939-1950 —j&j to 1.80 A&O Mamaroneck(T)4M8*39-64J&J Mamaroneck Un F S D No 1— 5Ms May 1 '39-'52—M&N 1.90 £ £ £ £ £ £0.50 £ 0.50 4Mb Water 1939-1969.A&0 £ 0.50 Oswego 5Mb 1939-1946--M&N b 0.40 to 3.15 2.05 % 1.25 % 4s g High Imp Mar 4s g High Imp Sept £ 2.40 Ossining 4Mb 1939-1942-M&S b 2.15 4s Canal Term Jan 1946.. J&j b 1.50 £ 0.80 '39-'51—M&N Ontario to 3.00 J&J b 2.15 J&J b 0.90 OA . to 3.00 J&J to - F&A b 0.40 7— J&D £ 0.50 M&N b 1.00 6s 1947 Beach acquisition.. 1.40 2.30 2.10 2.10 105M , —-J&D 1.70s 1939-1968 to 3.60 ft 0.50 b 0.75 , , £ £ Oneida 4s Water '4(K45—J&J £ Onondaga Co,4 Ms '39-47A&0 £ 3.70s 1939-1951 A&O £ Ref 1.90s 1939-1957--F&A £ 2.10s Feb 1 1939-1968 £ to 3.00 b 0.50 b 1-00 4939-1942. 2.40s 1941-1967 North Tarrytown— 4Mb Water 1939-64—A&O 4MB 1947-1972. J&J to 2.20 1939-1980 _ b 0.40 1939-1949 4Mb to 2.35 J&J[ft 1.25 4s 1939-1951 4.10% Sewer 1940-1950. J&J 4Mb Wat May 1 '41-48M&N 4Mb Sew '39-'46 reg.M&N 3.95 Nov 1 1961-1970-M&N 3 Ms 1942-1945 ..M&N 4 Ms Canal 1965 b 0.50 111 98 , £ 0.40 £ 0.40 3^% Rev 1940- 53-A&O b 1-00 to 1.60 4Mb Canal 1964 b 1.40 110 ft .40% to98M J&J b .40% to 98 J&D 3s serial 1939-1973 100 98 b 1.50 5s Jan & Mar 1946-1970 4Mb Highway 1963 ..M&S b 2.20 109M 2Mb 1939-1953 J&D 2Mb Serial 1939-1946-F&A 2Mb assessm't 1940-44-J&D Parkyray Authority— to 2.60 88 YORK 5s Jan & Mar 1 1939-1945— b 0.15 114 to 2.50 2.75 5Ms 1953 Socorro Co 5s 1941 op '21.A&O 4s Canal Term 1942. _.-m&n,ft 3-15 I,101M 114M 3s corp stock Feb 1 1979--- to 97 67 62 M&S J&J 4Ms Bonus 1939 A&O 4Ms Bonus 1940 1949..-A&O — 120 M 3s Serial 1939-1968 0.50 0.60 Long Beach 4s 1940- Conser Diet 5Ma 1939-1973.-F&A 4 Ms Highway 1965 4 Ms Bar<* Canal 1945 — % 119M 119M to 2.30 1939-1940 A&015 Lackawanna 4 Ms *39-'54M&N 3.75 to to 3.35 118M 118M 119M 113M 112M 108 M 108M 110M 110M 110M M&N M&N 1956 Various b 1.25 to 3.40 4 Ms 120 b 1.50 M&S to 3.25 Jamestown— ' 4s Mar 20 1943 2.75 b 1.50 116M 117 M 118M ~Il5~~ 114 J&D ft 1.75 M&N ft 1-75 Hempstead Un F S D No 1— 6s 1939-1954. M&S Hornell 4Ms 1939 1947—F&A Hudson Riv Regulating Dist— 4Mb 1939-1965-------J&J 4.70s 1939-1965 J&J Huntington (T) 4s '40-'52_J&J Islip 4s 1939-1951 M&S Ithaca 4M8 Water 1942.-J&J 4MB 1940-1954 J&J 1.50 99 b 2.40 to 2.40 F&A ft 0.50 Hempstead(T)4Ms'39-59 A&O ft 0.50 Hempstead 4Mb 1939-65 M&S ft 0.50 2.30s 1940-1967 J&J ft 0.50 3.10 b 3.00 116 115M 116M 117M 0.46 to 3.35 4Mb to 4.40 b 2.25 99 0.50 Harrison (T)— to J&J to 3.00 Greenburgh U S Sch Dist No 9 4.40s 1939-1965 J&D ft 1.25 Groton 6s Wat '39-'50—M&N ft 0.50 3.10 3.00 b 115M 115 % 119 J&J ft 1-75 4.los to 4.60 1.50 to 3.00 0.50 0.50 0.50 Authority— 4Mb Water 1939-1945.A&0 Erie County— 4Mb 1939-1959 J&D 4s 1945-1953 M&S 2.90 March 1, 1939-1947-. Essex Co 4s 1939-1956 M&S Franklin Co 4Ms '39-*40-M&S to 3.35 to 114M to 3.30 102 M 3 Ms Corp stock July 1. *75 to 101 3 Mb Aug 1 1939-1978-F&A £,0.40 &0.50 t olOlM 3 Ms serial 1940-1979--F&A to 2.95 b 2.50 3s Rap Trans 1947-51. -F&A 100 99 M 3s corp stock Jan 1 1977 J&J 4Ms 93 (to 3.50 3.15 Elmira— MEXICO NEW to 2.10 to 1.70 to 3.00 Dutchess Co— 4s 1939-1946 4s 1947-1954 East Chester— to b 2.75 5Mb Highway 1940 J&J 4Mb Dec 16 1952 opt *22,J&D 4s Fund 1939 opt 1919—M&S 3 Ms H'w'y deb r46-'47—M&N 3 Ms H'w'y deb '48-'49—M&N 3s Jan 1 & July 1 1949-1952— 2Mb H way deb 1944-45-M&S 2MB 1946-1951——J&D Albuquerque— 5s Water Works 1962.-J&D 4Mb 1939-1950 J&J 4 Ms 1939-1950 J&J Grande to 2.80 to 1.75 2.85 4s 1940-1964- 3.35 6Ms 1939-1951 A&O 5s School 1939-1955—-A&O b 1.25 to 3.25 4MB 1939-1966 F&A b 1.25 to 3.20 4MB 1939-1960 ..F&A b 1.25 to 3.20 4s City Hall 1939 J&D 2Mb gen fd & ref '40-68 F&A b 0.70 to99M Union City 4Ms 1939-'64.J&D b 1.75 to 4.00 Union County— b 0.75 to 2.40 4Mb Oct 15 1939-1952 4Mb Rd&Bdge'39-'47-F&A b 0.75 to 2.10 4s Oct 1 1942 ...A&O 2.808 Gen Impt B June 1 b 2.75 2.60 1950-1965 Union Township Sch Dist— 4Mb 1939-1968 —J&J b 2.50 to 4.40 b 1.50 M&S M&S I960 Mar 1, 1962 119M 117 M 117M 124M 120 M 122 M 4Mb 1939-1959 A&O ft 0.30 Corning 5Ms 1939-1960--M&S ft 0.30 Cortland Co 4Mb '39-'51-J&J b 0.30 Delaware Co 4.20s '39-'52A&0 ft 0.30 to 2.00 Trenton— Rio to 2.00 0.50 3Mb 1940-1964 3 Ms ser F 1940-64 4s Middle on Columbia County— to 2.60 -J&J M&S J&D J&D - to 2.25 5Mb 1944 b 0.75 118 116M 116M 123 Jl^M .121 ft 0.40 H8 48 Various to 2.10 b 0.25 J&D 15 ft M&N ft A&O £ J&D ft J&J ft 3.40s Nov 15 '39-'55—M&N ft 3.10s Oct 15 1939-46.A&0 b 2.60% Relief 1939-45-J&J ft 2Mb Oct 15 1939-56-.A&0 ft 2.20s Jan 15 1940-1947-J&J b 120 11§^ May 1957-M&N 111M 4s Nov 1958— M&N 111M 4s May 1959 M&N to 3.30 b 0.40 4s serial 1939-1963 .—J&J 109 107 M 3 Mb Corp stock July 1 *75._ to 3.15 b 0.40 3 Ms Corp stock 1939-1954. to 1.20 b 1.40 3 Ms g exempt 1941 M&N b 1.75 to 1.60 3 Ms exempt 1942 M&N b 2.75 to 2.90 3 Ms R T 1948-1950—M&N 3.10 b 3.20 3Msg exempt 1952 M&N 3.10 b 3.20 3 Mb g exempt 1953 M&N 106M 105M 3 Ms g exempt 1954 M&N 106M 105M 3 Ms g Water ex 1954- M&N 106 M 105 M 3 Ms exempt 1955 M&N 104 M 105M 3 Ms stock Apr 1,1954. A&O 104 M 105M 3 Ms Corp stock Mar 1,1960 105M 104M 3 Mb Corp stock Jan 15,1976 3 Ms reg Corporate stock L ft 0.30 4MB 1939-1967 4s June 15 1960— 4s 1939-1958. to 2.40 1iei. —- 4s 5s 1939-1950 75 b 0.75 M&Nft0.o0 City— June 1965 J&D 1963 M&S May, 1957 M&N Nov 1957. M&N Dec 1, 1979 J&D Corp stock 1967.-J&J Corp stk 1971--J&D 15 July 1,1939 to 1955— Jan 1,1977 J&J Sch & Var 1939--J&D to 1.60 Buffalo— b 1.00 . to 2.25 to 2.30 to 2.45 „ . to 3.30 to 3.20 4s Nov 1955 to 2.20 4s 1939-1972 var. to 2.10 M&N £ 0.50 M&N £ 2.20 M&N ft 0.50 to 2.30 to 1.00 M&S £ 0.30 M&N ft 0.40 t 4Mb 4Mb 4Mb 4Mb 4Mb 4Mb 4M's 4Mb 4Mb 4Mb 4Mb 4Mb to 2.75 M&N ft 0.50 4Mb 1939-1944 4Mb 1945-1965 4Mb 1939-1963 2Mb 1939-1947 New York to 1.50 __ A to 2.40 to 2.35 M&S ft 1.75 to 3.00 Sussex Co NEW 2Mb 1945-1953 2Mb 1939-1978 2% 1939-1955 Albany Port Districts- New Rochelle— 5s 1939-1950 Net to 2.60 Impt 1939-41-J&J b 0-50 A&O A&015 4 Ms Rap Tr & Wat *74 J&D 4Mb Feb 15, '41-'66-F&A15 4Mb Feb 15,1976—F&A15 4M8 Nov 15,1978--M&N15 4Mb Mar 1, 1981 M&S 4s Oct 1,1980 A&O 4s May. 1977 M&N to 1.20 J&D ft 0.30 M&N ft 0.40 to 2.60 A&O WOO Highway 1940 ft 0.40 ft 0.30 b 1.00 F&A 4Mb Imp & sch '39-'60.J&D 6s A b 0.75 4Mb School 1941 School . ft 0.40 N4s WathImpt 1942-1963 .J&jj£ 1.25 4Mb Wat , Ask Bid Bonds 4Mb Mar 1, 1964 4Mb April 1,19664Ms Apr 15,1972 to 1.10 M&N & 0.40 Auburn 1.60s 1939-1958-F&A ft 0.40 % Summit— 6« ft 0.40 b 0.40 to 2.50 % J&J 1939-1962— £ 0.40 b 2.00 J&D 4MB 1939-1969 4MB 1939-1968 to 1.20 to 0.90 ft 1-00 to 3.30 Soutn Jersey Port District— Marine Terminal— South Orange— 4s 1939 to 1944 £ 0.20 6 1.00 to Sea isle City 5s 1942.—F&A Somerset County— 4Mb 1939-1973. . b 1.25 Ridge wood 4Mb 1939-62.M&N 5Ms 1939 —-J&J 4MB 1939-1968 —M&N 4MB 1939-1949 4MB 1939-1952 , b 0.75 „ _ b 0.20 to 1.80 „ 3M 1939-1971 2Mb 1939-1945 _ 6s 1 - Passaic or 5 M&S - ----tol~.75 M&S ft 0.50 to 1.90 4s Apr 15 1940-1955 A&O & 0.50 0.15 3Mb Mar 15 1939—-M&S 15 to 2.15 % 3Ms Mar 15 *40-'81--M&S 15 & 0.30 0.15 3Ms Mar 15 1939—-M&S 15-----to 2 TO % 3Ms Mar 15 '40-'81--M&S 15 ft 0.30 123 M 3s g Canal Jan 1 1956..-J&J 122 123M 3s g Canal July 1 1958 —J&J 122 123 M 3s g Canal Jan 1 1959—-J&J 122 123 M 3s Canal 1957-1959 J&J 122 to 2.05 3s Mar 25 1939-1987 M&S ft 0.15 Eliminat'n of Grade Crossings 1.25 2.05 . 83 to 2.05 % ft 2 15 ft 2.15 To . Net 4sBidg constr 1939 4s Bldg constr '40-'49 83 to Highw Imp Mar '67--M&S Park 1967--M&S 4s Palisades 3.20 3.30 3.30 to Ask Bid Bonds Net or To or To or Ask Yield Basis Yield Basis Yield Basis Bid month preceding the date of issue possible for the closing day of the al securities are as near as to 1.00 112 to 2.60 to 2.70 to 2.70 to 2.50 4Mb Pub Imp '39-'58-F&A 4Mb 1939-1959 -M&S 4s Imp Sch &c '40-*47_J&J 2Mb 1939-1957 M&S 1Mb 1939-1940 A&O 1.70s 1940-1948 F&A Rockland Co— b 0.40 to 2.25 b 0.40 to 2.30 b 0.40 to 1.75 b 0.40 to 2.10 b 0.35 to 0.80 b 0145 to .170 M&S b 0.50 to 1.70 4 Ms 1939-1945 Rockvllle Centre (V)— to 2.70 J&D 1939-1950—M&N b 0.50 to 2.20 to 1.60 b 0.50 1.80s 1939-1945 M&N Rye & Har'son Un Fr S D No 6 4.40s 1939-1953 —F&A b 0.50 to 3.00 to 1.00 } Saratoga Co 5s 1940——F&A|6 0.50 to 2.50 % ' 4Mb 1939-1955 M&S b 0.50 Ito 2.40.% 4s Sept 1 1945-1954—-M&S b 1.75 4.15s 1939-1952 Rome 4.10s b 0.50 FEB., 1939] STATE AND MUNICIPAL BONDS 97 Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Yield Basis Bid Saratoga Springs— 4 Ms Park 1939-1940—A&O 6 0.50 Scarsdale 4Mb 1939-45 J&D b 0.50 Schenectady— 5s Dec 15 1939-1941 4.30s 1939-1948 - J&D 1939-1960 A&O 4s Oct 15 1939-1944—A&O 2Ms 1939-1955 —A&O 2.20s 1939-1950 M&S 1.80s 1939-1950 M&S 4.15s Schenectady Ask — Thousand Isl'dse 4mb 1939-1957 m&n b 1.00 Point 4 Ms 1940 48-j&j b 95 5« Wat Serv 1939-1968 .t&d b 97 m 0.50 to 1.00 Iredell Co 5s 0.50 to 1.75 0.40 to 2.40 to 1.50 0.40 to 2.10 0.50 0.35 to 2.20 5s Bridge 1939-1951 —-f&a b 1.50 Mecklenburg oo— 6s Ref Nov 1950 m&n b 3.05 Pitt County— 4 Ms 1943-1947.. m&s b 3.25 b 0.50 to Aug 1 4 Ms 1939-1950 1.80 to 2.50 6 0.50 109 m Troy— 6s 1939-1940 reg—A&O 4Ms 1939-1950 A&O 4Ma 1939-1970J&D 4Mb 1939-1965 J&J 3 Ms to 2.00 to 2.20 to 3.65 2.75 to 1.75 to 2.50 to 3.10 to 3.10 1946-1950—m&n b 3.40 m&n b 100 a&o 6 3.20 to to 2.40 to 2.50 qq to 3.25 1.85 to 1.70 b 1.75 b 3.85 b 97 m 6100m to 4.00 4 Ms 1939-1957 33 m / 31m b 3.15 b 1.25 1.25 to m&s b 1.25 1.25 1.25 4 Ms 1944-1947 m&s b 2.50 5s 1939-1944 m&s b 1.50 Zanesville—5s City Hall & 3.25 to to 3.00 3.05 3.20 Market 1939 to 3.90 to 4.00 Grand 6 0.50 to b 0.40 to % % % 2.75 % 2.60 % 0.30 to 1.60 0.50 to 1.85 0.25 to 1.90 0.30 to 1.70 0.50 0.30 to 1.75 qq 3.00 to 1.80 to 2.00 to 3.15 to 3.20 to 2.50 to 3.00 to 2.40 tc 2.45 to 3.25 to 3.00 to 2.60 to 2.75 Yonkors— 6s Feb ! 1940-1952 to 1.50 to 3.50 3.50 to 4.20 3.50 to to to % 4.10 % 2.70 3.60 % to 2.00 % 2.90 a&o b 2.50 to 3.25 % a&o to 2.10 % 2.25 j&j 1.30 a&o 2.05 to 2.00 to 2.10 1.00 to 1.90 1.00 to 2.20 1.00 to 2.10 0.40 to 2.10 100 1.25 1.50 to 4Mb July 1 1939-'62...A&0 4Mb Marl 1939-'56—-A&O 1.00 3.86 to 3.85 1.00 to 3.40 —F&A 1.00 to 3.50 2.50 to 3.85 3.30s April 1 1939-1956 3.10s Oct 1 1939-1964-...- 1.00 to 3.50 3 Ms 2 Ms 1.00 2 Ms 1940-1948 0.75 0.75 5s to 1.50 1.00 to 3.05 1.50 to % % 2.80 % 3.00' 1.50 to 2.40 to 2.90 1.50 to 3.10 1.50 to 2.10 1.00 to 2.05 J&J 6100 4MB 1939-1970 4Mb 1939-1979 3Ms 1939-1959 1960-1977 2Ms 1941-66 Durham— M&N M&N F&A F&A M&N 4Mb 1939-1966 J&J 5s Water 1940 to 1945.J&J Durham County— 4Mb 1939-1951 J&D Forsyth Oo 4Mb -39-'58-J&D Granville Oo 4Mb '39—M&N 6 0.75 to 2.75 99 m o to 2.75 1947-1968 to 3.30 to 3.10 4s 1.00 to 2.50 % % 6 0.75 to 3.10 % 6 0.75 to 2.90 % 6100 m to99M 6 1.25 to 2.70 % 0,75 0.75 to 3.10 % to 2.40 % 0.75 to 3.00 0.75 to 3.00 1.25 % % 1.00 % Greensboro— 5s Water 1942. F&A 6 3.00 2.75 % to 4.00 % 4Mb 1940-1963 J&J 6 1.25 4MB 1939-1965 F&A 6 1.25 to 4.00 % 4s Water Works 1954. -J&J 6 3.50 3.40 % Ref'g 3 Mb 1957-1962— J&J 6 99m 99 Greenville 5s W W *68..F&A 6 4.00 3.90 % * f&a 1.00 to f&a 1.00 to 2.40 % % % 2.40 % 2.30 to 0.75 % to 2.75 0.75 to 0.50 2.20 to 2.85 0.50 1.00 to 2.30 1.00 to 1.25 to 1.50 1.00 to 2.85 2.70 1.00 to 3.25 0.50 to 2.65 0.50 to 1.00 to 2.75 2.75 1939 Ms 1941 % to 2.75 % 5i6om 6 0.90 2Ms 1939-1968... j&d 4 Ms Sewer 1939-59 a to 1.95 % to 2.10 % j&d 6 1.70 97 m too.00 to 2.65 1.80 to 2.45 to to 2.00 to 2.90 to to to % 2.80 % 2.25 % 2.25 % % 2.45 2.501 to 2.35 to Altoona— a&o % 2.70 % 4 ms Water 1939-1960-m&s 6 2.00 to 3.50 % Bethlehem School Dist— 4s 1940-45-50 6 1.80 to 2.60 Braddock 4 ms '39-'41 m&n 6100M to 2.65 Cambria Oo 4 ms Nov 1 '39-'45 6 1.75 to 3.00 — Del River Jt 2.00 2.10 b 1.00 to 2.75 b 1.00 to 1.60 b 1.75 to % % 2.50 % m&s 4ms 1943 f&a 4m8 Sewer Oct 1 1939-'47— 2.30 to 2.95 to to to to % I 1.60 6T.00 to 4 Ms Oct 1945 a&o 5s pack & Imp *39-'41.a&0 b 1.25 5 Ms Sewer 1939-1947. b 2.00 5s Sewer Feb 1 1939-'51 f&a b 2.00 Lucas Go 4s o h 1944 m&s . 1939-1940 j&d2 b 1.50 Mahoning Val San Dist— 4 Ms water 1939-1952..a&o 1 50 Martin's Fy 5s 1939-'44.m&s 1.50 Miami Conservancy Dist— 5m8 (1 to 5 yr mat*y)._j&d 0.50 5ms (5 to 10 yr mat'y).j&d 1.50 5Ms (after 10 years)__.j&d 2.40 Comm Bridge Ea8ton-Phlllipsburg 4Ms, 1961 ————f&a 105 m 2". 00 % 2.40 to 2.00 to 3.50 to 3.75 % 1 2.50 to 1.75 %- 3.00 % to 2.50 % to to 1.50 to 2.40 4 ms Sept 1 '67 opt '41 115 Easton 2 Ms Water works— 1939-1966 m&s 6 0.85 — 4 Ms 1939-1960 f&a 6 1.10 to 2.50 to 2.70 to 2.70 % Erie s d— 70 3.20 to 2.25 to 3.15 Lacakwanna Oo 4s 1944.f&a Lancaster Oo 4 Ms *39-'60f&a 6 "d.75* to 2.40 Lancaster s d 4s May 1945.. 6 1.60 1.50 Lower Merion Twp 4s 1945— 6 2.20 2.00 Par to 2.35 70 McK'p't s d 4m« <19-43 m&n 6 Mercer Oo 5ms '39-*47—f&a 6 Par to 2.30 % Norristown s d 4ms 1943.j&j 2 10 2?30 Philadelphia— 5s Jan 1951 j&j 5s June 1 1962 opt '52.j&d 5s June 1 1982 opt '52.j&d 4Mb May 1948 4 Ms Nov 1 1948 j&j 113m 114 m 114 m 107 m j&j 108 1 to 2.60 107m Phlla-Camden— 6 1.70 4mb Jan 1 1940 1946 2.30 Fayette County— 2joo 4mb Highway 1952...j&d 2" 85 Harrisburg— 4s May 15 1939-1953 2.60 6101 Jeanette 4Ms 1939-1956.m&s 6100m 1.75 Lakewood— 4 Ms f&a m&s 1939-1958. 130 101 96 m a&o b 1.25 j&j b 1.25 Allentown— j&d 19 b 2.00 5s w w 1939-1946 j&j 6 1.00 Fostoria 5s w w '39-'40.m&s b 1.00 Hamilton County— Lima 0.30 128 Ms Dec 1 1939-1965—j&d 6101 2m Apr 1 1939-1967..a&o 6100M % Ohio municipal bonds issued since Jan. 1, 1913, are taxable, all bonds issued prior to that date are tax-exempt. to 2 4 Ms gen Imp 1939-43.-a&o b 1.00 East Liverpool 4s 1940 j&j Elyria 4 Ms 1939-1952—.m&s bToo" 36m to 3 .10 s-a f&a Allegheny County— 4 Ms 1939-1962 4 Ms July 1939-1958 4s Bridge 1942 1.00 5s Mar 16 1939-1946.m&s10 b 1.50 East Cleveland— 36m to 2.80 45 1.00 2.50 4ms Dec 1 1951 opt '37--j&d 100m 4ms 1939, 1944. 1949 j&j b 0.30 4s Highway Apr.l 1940. 1942, b 0.75 1945, 1947. 1950. 1952 3 ms Turnpike Revenue— to 2.80 1.50 1 m% Tax anticipa'n notes— Series "dt" May 311939.. 5s July 1 1951 Series c—j&j 2.00 Dayton— 5Ms w w Imp 1944..j&d 5s w w Imp 1945 f&a 4 Ms Bdge 1939-1951—m&s 4mb 1939-1940 m&s 4 Ms 1941-1961 m&s Dayton School Dist— to 1.90 2.00 2.50 pennsylvania to 2.90 a&o b 2.00 a&o b 2.00 4 Ms Road 1939-1941—a&o b 2.00 4s 1939-1941 a&o b 2.00 to 2.75 A&O A&O J&J 5s Road 1939 —.m&n Multnomah Co s d No. 1— 4 Ms July 15 1939 j&j15 4s July 15 '40-'45 j&j15 Portland— 5s Harb Dev 1939-50-m&n 3.60 1.50 4 Ms 1939-1944 4 Ms 1939-1943 to 2.75 0.75 — 4s Water 1939-1958 j&j 4s Water 1940-1959...f&a Cuyahoga County— to 2 65 A&O l-4s gen ref July 1 1976 35 Buncombe County— l -4s gen ref July 1 1976 35 Charlotte— 5 M« 1939-1948 M&N 6 0.75 3s 1940-1957. 4 Ms 1939-1953 4mb 1939-1955 2mb 1940-1959 CAROLINA A&O 4ms Bridge 1939 1944. j&d 4 ms 1949-1956. f&a 4s Bridge 1945-1955—.j&d f&a 6s to 2.75 2s 1948-1949 Asheville— to 1.75 j&j ...m&s % % Columbus— to 3.80 & ref July 1 '43-'46 6 2.50 1940-45 1946-47-48 39 2.00 Ref 1-5% 1967 Eugene 5s 1942 Multnomah co— m&s 5s 1943-1952 J&J to 1.25 4s % % Columbus s d— J&D 4MB 1940-1962 4Mb 1939-1968 4s 1939-1968 to 1.50 0.50 Highway 1939-1942..a&o Highway 1939-1941 ..a&o 4 Ms Dock 1943 m&n 4ms Oct 1939-47 a&o 4mb 1939-1960 m&n 4s Water 1939-1955...m&n to 3.10 1.00 2.75 to 050 % % to 3.15 to 3.85 J&J to 2.00 4s 1.00 to 3.15 1.59 to 3.75 NORTH to 1.00 1.50 0.75 to 3.00 101 2.00 1.00 5s July 1961 0.75 f&a oregon % 1.25 1.00 1.00 Ken 2 Ms May 15 1939-1940 3 Ms May 15 1941-1945 4 Ms h'way '39-'49 (s-a)_a&0 2.90 1.00 A&O 2Ms to 2.85 2.90 to 2.00 m&s 5 Ms Jan 1940-1961 —-A&O 6s 1939-1961 A&O 4s 1940-1958 3 Ms 1943-61 to 2.85 1.00 1.00 1.75 Astoria— m&s 4mb Grad Cros'39-'54.a&0 4mb Fire Dep '39-"55—a&o 4ms 1939-1950 m&s 4s Sewage 1939-1958—m&s 3ms 1939-1949— a&o 3 Ms 1939-1956 a&o 3 ms 1944-1953 m&s 3s 1939-1963 a&o 2mb 1939-1951 m&s 2ms 1939-1951 m&s Cleveland Heights s d— 6s 1939-1959. a&o b to 2.60 6 2.00 2Ms Sept I 1943-49... Wolcott 4Mb Jly 15'39-'42J&J 6 1.00 3.50 5 ms 1940-1970 j&d 5s w w 1939-1968——j&d to 2.90 J&J 6 0 .75 to 1.25 to 3.50 Cleveland— to 3.00 6 2.50 to 2.60 1.50 3.10 % 4.40 % 3.50 % 4.10 % 1939-1962 2mb Sept 1 1939 to 1956— 2mb Sept 1 1939 to 19762s Sept 1 1939-63.. —.m&s 1 ms Wat. wks. '40-'79 m&s Cincinnati (School Dist)— 3Ms 1940 opt 1912—a&o to 3.10 6 0.75 4Ms 1939-1959 (reg)—M&S 6 0.50 1940-1954 F&A 6 1.00 5ms 1940 1951.. j&j 5s Water 1939-1953—-a&o 4ms 1939-1947 a&o 4Ms 1939-1952 a&o 4mb 1939-1956 a&o 3 ms Sept 1 100 % to 4.00 4 Ms Sewer 1955 4s 1939-1956 to 1.35 to 3.10 to 1.50 3.65 5 Ms July 1946 f&a 5Ms Wat & Pk '39-'49-f&a 3.25 % 3.50 4ms July 1943 6 0.75 3.90s 2.00 % Tulsa— a&o 5 ms 1941 m&s 5 ms Imp Feb '46-'51-f&a b 1.75 5s July 1 1965 j&j to 2.25 2s 1939-1951 White Plains— 3.30 1939-1947. 6s Feb 1 19.39 4Mb Dec 5 1939-1942-j&d b 1.25 4.40s 1956 Cincinnati— to 2.50 to Akron 6s 1939-1940 5s Sewer 1953 to 2.60 6 0.25 J&D 6 2.50 4 Ms Water Works 1941 j&j Okmulgee 5s Mar 15 1943 (See footnote *) 6s Water 1944-1959 Canton School Dist— 5s 1954 to 2.60 J&D J&D 3.30 Canton— to 2.00 6 1.00 J&D 3.25 3.30 Forks— 4s Water Works 1942.a&o Allen Co 5 ms 1939-1950-a&o b 2.00 Ashland 5ms 1939-1944.a&0 b 1.00 to 2.75 1939-1951 4m8 Aviation 1940-53.j&j b 1.25 Oklahoma City— 1.00 5Ms 1939-1940 j&d 5s Water 1939-1947.-m&s 1.00 2.00 5s to 2.40 Co Bldg 1939-44.-A&O 6 0.75 1952-1980 to oklahoma dakota Sewage Dis 1939-65-m&n 6 3.75 lloml to 3.40 *44. '45. '56 & *69 J&D 6 2.00 4s Co Bldg 1939-59—.M&S 6 0.50 4s June 1 1959-1964 J&D 6 2.75 3Ms 1939-1951 3 Ms 1952-1963 %/ 1.00 to 100 to 2.80 to 1.00 San Sew '39-'82—J&J 6 0.75 Parkway 1962-86. J&D 6 2.75 % to 2.60 ...m&s Zanesville s d 5s *39-'43.a&0 b 1.00 4 Ms July 1951 & 1955—j&j 6 3.50 4Ms Jan 1957 ..j&j 6 3.50 Fargo 4s Aug 15 1939-1954— 6 2.00 to 3.25 b 0.60 98 m 4Mb Bridge Rev '67.M&S Westchester County— 5s 1939-1976 J&D 6 0.75 to 2.75 to 3.20 b 2.70 b 101 % % to 3.15 6 to 3.10 to 2.90 b to 2.00 3.20 & to 3.10 % Youngstown School Dist— to 3.25 b to a&o b 1.50 a&o 6 1.50 4ms 1939-1956 Youngstown— 6s Bdge 1939-41 to 95 to 100 5s Farm l'n 194q-45&'50 j&j 6 2.50 5 Ms 1945 & 1948 ser o— -j&j 6 3.40 to 3.20 J&J 6 0.25 J&J 6 0.25 1939-1946. Thousand Islands— % 2.25 a&o b 1.00 a&o b 1.00 4 Ms 1939-1959 to 3.75 3.00 % to J&J J&J 1.50s 3.10 Muskogee— Watertown— 6s 1939-1945. 3.60 Toledo School Dist— f&a f&a Winston-Salem— 5s Sept 1939-1947 to 2.20 to 2.10 1939-1944 4ms 1939-1953 m&s b 1.50 b 1.50 4ms Nov 1 1939-1953 4s Park July 1 1942—j&j 3.60 4ms 1939-1958 m&n 15 4 Ms 1939-1973 j&j 4s refunding 1948-56 j&j 3s refunding 1956-68 j&j to 1.90 Oct 1942 1939-1953 % 3.15 _ Warsaw Union Fr S D No 10— 1939-1942 to 2.00 to Rutherford Co 5s '39-'52_ j&j Salisbury 6s 1939-1941—m&n Transylvania County— Road & Bridge 6s 1949-50.. Wilmington— ' 58 Ref & Impt 1955 a&o 4 ms 1939-1962.. a&o 4Ms Pub Imp 1940-60.j&j to 2.00 b 0.50 May 15 '39-'51-M&N 0.80 2.75s 1940-1966 A&O 2.60s 1967-1969— A&O 6100 to Warren Oo 4Mb 1940-'50-F&A 6 0.75 5Ms highway 1940-'53_F&A 6 0.75 1?00 a&o b 1.50 4m 1939-1940 Toledo— 6s Pub Wharf i960—m&s 5s Sewer 1949 m&s 4 Ms 1939-1954 m&s15 b 1.50 Randolph County— 4 Ms 1939-1947 4ms 1948-1959.. to 2.10 Utica— 4 Ms Pub Imp '39-'45_J&J15 4.20s 1940-1949 F&A 4.15s 1939-1950 M&N 4.10s 1939-1946 A&O 3.90s 1940-1948 F&A 2.75 3.25 ohio A&O to Summit co— 2.90( to 4.00 4s 4s serial revenue 1942-'68— 6 1.90 to 2.60 m&s b 1.00 1939-1955 Springf d s d 5s 1939—.j&j2 2.25 % north J&J M&N b 1.00 2.80s 1939-1958 Trlborougb Bridge— 4s s f revenue 1977 3 Ms 4s 3.60 to 3.00 m&s b 1.00 to to 2.25 Union Free Sch Dist— 3Ms to to 1.75 f&a b 1.25 3 Ms 1951-1956 3s 1955-1970 to 1.50 1940-1942 J&J b 2.00 4Mb Sewer 1939-1953—J&J b 2.00 5s Water 1939-1950.—J&J b 2.00 6Ms Water 1939-1950..J&J b 2.00 4Ms 4M8 4Ms 4Ms Springfield— 4ms 1939-1949 to 4.60 to 2.50 5s w w Fund June 1959 to 3.00 to b 2.00 b 1.50 Newark 4ms 1939-1941— a&o b 1.00 Portsmouth City s d— 4 Ms 1940-19o0— j&j b 1.50 Ntt 3.85 4s to b 4.25 Montgomery County— 5s Flood Emerg '39-'42 j&d Ask Raleigh— 5s Impt June 1 1944.-j&d b 3.50 4 Ms 1939-1967——a&o b 1.50 to 1.50 to 3.00 b 1.75 4 Ms 4Ms '42.f&a a&o Bid Bonds j&j b 4.00 5s to 2.00 b 0.30 b 0.30 Tona wanda (City of>— 3 Ms sewage 1940-69—J&J b 1.25 4 Ms 3.60 % Lincoln oo— 0.40 to to 91 To or Net Ask See "Watert own" Ticonderoga S D No 5— 4Mb July 1939-1958 4Mb Bid Hi/h Solvay 4 Ms 1939-1940—F&A b 1.00 Somers (T) 4 Ms'39-'53-M&N b 1.00 Southampton— 5s 1939-1971 M&N b 1.00 Suffolk County— 4 Ms 1939-1957 0.40 A&O 3 Ms 1939-1951 0.40 F&A 2 Ms High & ref 1939-57 M&S 0.25 2.20s June 1 1939-1962 J&D 0.40 Sullivan Co 4 Ms 39-'45-A&0 0.50 Syracuse— 0.50 5Ms 1939-1960 M&S 4Ms 1939-1944 0.40 M&N 4.20s Dec 15 '39-71 J&D15 0.50 4s 1939-1946 0.40 F&A 0.35 3Ms 1939-1951 J&J15 3s 1939-1971 0.35 J&J15 0.25 2.20% 1939-1957 M&S 2s 1939-1956 0.25 M&S 2.10% Aug 15 1946-1947—lMs 1939-1948 F&A 1Mb 1939-1946 M&S Bonds Guilford County— to 0.90 County— 6s Dec 15 1939-1948 Yield Basis To or Net to 2.00 1942-1958——J&J b 1.50 4Ms Yield Basis To or Bonds 6 Basis. / Flat price. 116] 116] Quotations for all closing day of the month preceding the date of issue securities are as near as possible for the I Yield Basis 105 105M 100 102 M 103 M 107 108 to to to 5 Par 2.30,% to 2.30 5 100 to 100 to 100 _ 5 0.40 to 2.10 5 2.25 to 2.60 _ % 6 2.70 to 3.00 100 M 75 % to 3.10 to to 2.00 to % 2.70j % % 2.60;% to 2.00 to 1.15 to 1.20 101M Kl 80 94 % % % 6 1.50 less M J&J A&O M&N2 J&D A&O J&D J&D 2 Ms 1939-1957 F&A 2s May 1 1939-1958—. to to J&D 2.00 to - 3.15 __ to 2.45 % 2.00 1.75; % 5 2.50 2.25% 2.35 ~ 5 2.60 to 3.00 0.75 to 3.10 to 4.00 2.00 2.30 2.70 5s 1939-1956 0.85 0.50 1.75 2.65 3.90 % 3.90 % 4Ms Sept 1939-1952-M&N 4 Ms 1939-1957 J&J 4Ms lmpt 1940-55(a-a)-J&J 4 Ms 1942-1947 Houston S D 5s Feb 1952 4 Ms 1939-1951 J&D Palestine 5s Sch Aug 1 1939, 6 1944, '49. '54. *59. '64— 4.00 % Port Arthur— 84 90 85 road 95 Chattanooga— School 1956 A&O Memorial Aud '52M&N Hospital 1954 M&S 4 Ms 4 Ms os Highway *39-J&J 1947—J&J 5% Co Memorial '39-'50J&J Dyer Co ref 3 M-4 Ms 1965 4 Ms. —J&J 4.10 6 4.10 6 4.20 6 3.00 2.50 % 6 2.40 2.25 % 6 0.50 to 2.40 % 77 80 6 4.75 4.50 % 4.40 % J&J J&D M&N J&D M&N Ref 1940-1948—J&J 4 Ms Jan 4 Ms Jan 5s Jan 1 6s Jan 1 General Obligation General Obligation General Obligation Funding 5 Ms Sept Water 4 Ms 99M 101 1958— 103 4 Ms— 4Mb— 5s 1950— 100 97 99 102 6 3.75 101 4s Funding Electric System Revenue— 3 Ms 1941-1954 J&J 6 2.00 3 Ms 1955-1958 —J&J 5 1.40 to 2.30 5 0.50 to 2.25 to 99 5 1.40 to 2.50 5 2.30 5 1.25 to 3.75 5 1.00 to 3.50 5 2.60 ---- 2.40 to3.35 to3.40 % % % % % % % 2.75 % to 3.10 to 3.00 4M% Highway '39-49 J&D Memphis 5s July 1954—.J&J 5s River Term '39-'48-A&0 4Mb Water 1939-1962—J&J 4Mb Water 1949 J&J Co— b 1.50 4Ms Highway 1939-43.F&A 104 Charleston—-4Ms Jan '42-J&J 3 Ms Wat Works '39-78A&0 b 1.50 95 Cheraw 5s '52 opt '32—July 1 6 2.25 4Mb Water 1945 J&J Greenville—5s St 1942—J&J 6 2.25 6 1.00 8Mb water ref 1939-76 M&N Greenville Co 4 Ms '40-'55-J&J 6 1.25 6 1.75 4Mb HIghw 1939-1945-F&A Greater Greenville Sewer Dist to 2.75 to 2.60 100 6 to 3.00 2.10 to 2.50 to 2.90 to 3.15 to 3.25 to 2.40 4Ms Water 1939-1968—J&J 2.00 to 94 96 3.30,% STATES—See pages 19 and 91 UTAH 5Ms April 1 1941— J&J 4Mb Road 1939 J&J 103 4 Ms July 1 1939 J&J 104 Ogden 4M% 1939-1945—F&A 99 Salt Lake City— 101 5s Refunding 1941 J&J 102 4s Ref 1939-1945 A&O 104 4s Ref 1946-1965 A&O to 3.50 % Salt Lake City 8 D— 103 4s May 1 1949 M&N to 3.40 % 5%-2M% Refund '58-M&N Salt Lake Co 4Ms Apr 1 1942 3.40 101M 6 0.50 % 0.40 % 0.40% to 1.85 % 6 0.90 6 0.60 6 0.60 to 0.70 6 0.85 to 0.65 6 0.50 to 1.85 6 1.80 to 2.40 6 2.00 6 2.30 2.10 6 1.10 0.80 1.00 to 2.10 1.80 to 3.25 VERMONT 2.75 3.00 2.90 Brattleboro— 0.50 to 2.75 0.50 4s 1939-1954 M&3 Montgomery Co—5s Cumber¬ land River Bdge 1953.F&A 6 3.25 to 2.75 A&O -J&D 4Mb Park 1959 4 Ms 1939-1955 3 Ms 4s A&O 5s March 1939-1960---M&S 5s Memorial Sq '39-50-M&S 4 Ms High Sch 1940 J&J 4Ms Hospital '40-'56--J&J 4 Ma 1939-1968 M&N 4Mb 1939-1967 -J&J 6s 1939-1942 6 0.50 to 6 0.50 6 0.50 to 2.50 6 0.50 VIRGINIA % 6 0.50 to 2.75 4s (Commonwealth) 6 0.50 6 0.50 to 2.75 2Ms Refunding 1947-60—J&J 6 1.40 1Mb Refunding 1939-*46—J&J 6 0.50 Albemarle Co 5s 1948 J&J * 2.50 Alexandria— 3s 1939-1973 J 15 & D„15 *0.75 6 3.00 2.75 Arlington Co 5Ms '39-*54 F&A 5Ms Sch 1940-53 J&J Charlottesville 5s 1962—M&S 5s Water lmpt 1958 J&J Danville— 4Mb July 1 1939-1950-J&J Fairfax Co 4Mb 1945—F&A2 Henrico County— School 5s 1940-1950—J&J 4Mb June 1 1957 J&D Lynchburg— 4s Pub lmpt 1940-1959.J&J Newport News— 4Ms 1940-1958 F&A Bristol 6 2.90 6 2.80 2.75 1940-1951—M&S 6 1.00 to 2.75 „ 2.60 County— 6 1.00 to 3.50 6 1.50 to 4.00 3.60 Norfolk— 3s Jan 1 93 6 2.00 to 3.75 6s Water 1.50 3.00 to 3.00 to 3.00 to 3.00 5s Works 1939 to 3.00 6 0.50 to 2.50 6 2.50 to 2.80 to 0.75 1939-1970— A&O J&J 1 I 1.00 6 2.00 6 1.00 to 3.65 to 3.00 to 1.50 to 2.50 to 2.85 to 3.15 6 3.00 less 1 6 2.90 less 1 * 0.50 6 2.50 to 2.75 *0.50 6 2.65 to 2.60 less * 0.50 to 2.35 *0.75 to 2.85 *100 to 4.10 less less / Flat price. 1 1 *1.00 to 3.40 less 1 5% Port Terminal May '52. 6 2.75 Petersburg 4Mb 1952—-A&O 6 3.20 less 1 1952 is I 100 6Ms 1951 4Ms 1939-1954 5m Water 1948 Richmond— 4Mb 4Mb 4 Ms 4Mb 2Ms 1958 July 1 1964 July 1 1941 July 1 1965 1939-1953 F&A 6 3.35 J&J * 1.00 J&D 6 3.15 1 less 1 J&J J&J J&J J&J J&J 6 6 * 6 * 2.15 2.30 100 2.25 0.50 4s 1942 opt 1922 3 Ms 1939-1952 J&D A&O 6 1.00 to 3".40 %' A&O 6 3.40 to 3.75 % 2Mb Water 1939-1968-A&0 *0.50 2Ms Jan 1 1940-1958—J&J 6 0.75 4Ms 1939-1956 -*0.75 Staunton 5s 1939-1958—M&S *0.75 Tazewell Co 5s 1940-46—J&J *0.75 Washington County— 5s school 1940-1949——J&J * 0.75 1 less % 1 less 1 less 2 less 1 to 1.75 Roanoke— 4s 1953-1977 to 3.25 less 6 3.25 100 to 3.75 101 % to 2.40 to 2.40 to 2.65 to 3.10 to 2.50 1.00 lass 1 1 Portsmouth— 3.50 1954-M&S A&O 5s 1940-1965 4 Ms 6 0 50 6 0.50 % 1 to 2.00 to 1.00 * 0.75 6 2.00 — 1940-1972 5% Water May 95 Amarillo4Ms *39-'58_M&S 16 Austin— 5s 1939-1942 J&J 4Ms 1940-1961 J&J 4Mb 1939-1953 J&J 4mb 1954-1958 J&J Beaumont— 1940— less 6 2.85 4 Ms to 3.30 - . 3.75 Abilene 5s Feb 15 1959-1965— % 6 2.15 1962 4.40 to to 3.00 to 2.25 to 2.25 to 6 0.50 _ to 2.60 to 2.80 1.75] J&D 6 4.75 F&A to 2.20 to 2.35 to 2.75 % TEXAS % 6 2.00 2.75 2.40 M&S 1939-1948 Refunding 1942-1951 J&J Burlington— 4 Ms City Hall 1940-55. J&D 6 1.25 Rutland (School Debt)— 4s 1939-1948 F&A 6 1.25 3.20 Nashville— 5 Ms lmpt Apr 10 1956-1965 Corpus Christl 5s fd '67-F&A 6 Basis. 3.75 Wichita Falls— 2.50 to 2.90 SOUTH DAKOTA 0.75 3.00 99 2.15 6 1.50 to 3.25 2.25 UNITED to 3.15 6 1.00 6 2.00 to 1.50 % Brazoria Co— '39-*40—A&O M&S J&D to 3.25 1.25 0.50 0.50 Waco— 96 Washington County— 5% Fdg Jan 1 1954 J&J 6 4.00 White County— 5M% Highway 1955—M&S 6 3.85 to 2.50 Marion Co— 1.50 Spartanb'g Co 4M«'39-'47M&S Sumter Co 5b 1940-1952--J&J 6 1.75 York Co 4Mb 1940-1950-J&J 6 1.75 to 3.25 3.10 5 Mb Fdg 1940-1958—J&J Tipton County— 4Mb Road July 2 '39-'58J&J 106 3 .80 % 4M« 1939-1941 M&S Spartanburg— 1.50 4Mb Water 1940-1965-J&J 1.75 5s Sept 1 1939 6 3.25 6s Nov 1 1943 3.85 0.75 0.75 5Ms W W 1939-1965-M&N 5s Sept 1939-1959 M&S 5s St lmpt Dist No 2 1943— 4Ms 1940-1967 J&J 4 Ms 1939-1968 F&A 3s July 1 1939-1951 J&J San Antonio S D 5s '56--F&A 2.75 Smith to 3.00 to 3.00 3.75 to 1939-48 J&D 6 0.80 4Ms Oct 1 1939-1949—-A&O 6 0.70 4M% Jail to 2.90 % 6 1.50 to to 2.50 . to 2.75 6 4.00 2Ms sewer 1949-1958-J&D Kershaw Co— 5s Highway 1939-1946-F&A 6 1.50 to 2.50 1.75 3 M % to 4 M % due 1969 Shelby County— 4s Courthouse"'1957—A&C 5s Aud Mkt H'se 1949-M&S to 2.75 to 2.90 to 2.50 0.75 San Antonio— 3.70 % 3.00 % Robertson County— 1939-1948—J&D 6 1.00 6 2.70 to 2.25 2.00 to 2.90 Polk Co 5s 1939-1946 to 2.75 Anderson Clarendon Co— 5 2.00 6s May 15 ^MO-M&NIS 6 2.50 Columbia 5s Ref 1941—M&S to 2.65 1.00 0.50 4Mb Road 1948b to 2.60 1.25 0.50 4 Ms to 3.00 State ctfs of indebtedness 1.00 3s Jan 1 1940-1952 J&J b 2.50 2Ms Highway Oct 1 '45-'54— Aiken Co 4Mb 1939-1945.F&A b 1.50 0.50 Madison County— 2.10 % to3.50 1952-1962.A&0 to 2.50 5s Water Works 1942--J&J 97 M 2.60 J&d,6 1.00 M&N 1 19581 19581958— 6 1.00 0.50 F&A 6 0.75 5s 1939-1970 6 4 60 1940-1958 2.75 to Houston— 2.50 2.85 1 1959--J&J Cocke County— 4 Ms Road 1947 opt Davidson County— Apr 10 '39-'56_A&010 6 0.75 1.90 April 15 1948-1947 5 Ms 4 Ms 2.75 2.40 50.40% 3.50 3.50 Harris Co— 5 2.80 5 0.50 b 1.50 3 Ms Refunding 1940-55 3 Ms State Highway— b 1.50 Ctfs of indebt 1^40-49-J&D Less 1 on bid side. A&O 4Mb 1940-1967 4 Ms Dec 1 1939 4 Ms bridge 1944-1945 6s July 1 1943 5 2.60 to 2.30 ho 2.15 0.75 2.20 2.85 Grimes County— 5Ms Road 1939-54.A&0 10 6 1.50 Refunding Refunding Refunding Refunding 3.05 6 1.00 * to 1.75 Knoxville— 3.00 4Ms ctfs Indebt 1939- 53-J&D 4s Institu'l 1939-1959 J&J b 1.00 6s Sept 1941 5s June 1 1939 1.50 i to 3.50 0.75 2.25 CAROLINA 5s Rural Credit to 3.60 0.75 2.40 4Ms June 1939-1967—J&d 5 1.00 5s Funded 1939-1959-A&0 5 1.00 4s Funding 1947—-—A&O 6 3.00 sewer to 3.60 1.00 D 4s '39-'64—F&A 93 5Ms lmpt 1939-1946--J&D Knox County— 6 3.50 4Mb Bridge May 1 *51 M&N Woonsocket— 4Mr 1967 0.75 3 Ms Nov 11939-1967-M&N t ftplraafi—« WPA School Loan— 80UTH to 3.25 F&A F&A J&J Johnson City— to 1.50 ... . I. 1939-1967 A&O 6 3.15 J&D 6 0.75 to 3.25 4Mb J&D & 0.50 5 4Ms 1939-1967 3 25 % Galveston— 5s Grade Raising 1944.A&O 5s School 1939-1954—M&S to 2.25 5 3.25 J&J 4Ms Funding 1944 to Ms 1939-1960 2.15 to 0.75 J&Dj£ M&N & 3.40 4 M4 funding 1941 6s Fund 1939-1961 A&O 6 1.00 5s lmpt Aug 1 1948—-F&A 2.30 to 1.50 i.TXUJ Pawtucket— 3s 1946-1965 3.20 2.50 County 6 3.90 4M% Refunding 1957-A&0 6 3.20 5% Bridge 1944 to 3.25 5 0.75 A&O 1944-1951 to 4 Gibson County— to 3.00 Newport— 5 0.50 4Ms 1939 M&S 5 0.50 6Ms June 1 1939-1953 5 0.50 4Mb May 1939-1942..M&N 5 2.60 V A * 4s May 15 1948 M&N 5 2.40 3'Ms g High sch 1954-J&D 4s 1939-1950 1950—-A&O 63.00 W purch to 3.00 Fayette County— 4 Ms Road 1958 2.35 % 5 0.75 5 0.75 J&J 4Mb Mar 15 '39-73-M&S15 4s 1940-1966 4s Oct 1 1964 2.70 2.80 Paso— Fort Worth— 5s 1951 Hamilton Cranston— 4s May 2 1957 4s Water 1962 to to 2.80 2.20 % J&D 5 2.50 1954 6 2.65 5s W 2.50 2.15 % £ J-JO 1965——M&S 4Ms 1939-1959 4s Jan 1 1945 2.25 to 1.00 4 Ms Providence— to 1.00 Carter County— 5s ftwding Jan 3.00!% % % ISLAND 4Ms 1950 4Ms 8ewer 1952 4Ms School 1954 2.75 6 0.50 6 0 50 1.00 6s 1% Relief 1942-1943 M&S 5 0.50 1M% June 1 1939-1943—J&D 5 1.90 3% Public Wks 1951-56-M&S » 3s J&D 1948 3.^08 Sept 1 1955-1958. to 3.20. 5 1.00 4 Ms to 3.00 Ind Sch to 1.80 1.00 .-J&J 1939-48--M&N 5s 1939-1942 to 2.80 to 2.30 Sept 1 1946 2 Ms 1947-1948 3 Ms Sept 1 1944 3 Ms Sept 1 1945 to 2.50 5100M 4Mb 1940 — -—J&J 5 2.00 4Mb lmpt 1940-1945—J&J 5 1.10 York 4Ms 1939-1943 F&A 3s — to 2.75 6 1.80 M&N 4s School 1939-1951—-J&J 2Mb 1939-1957 J&J 2Mb voted 1939-1958—F&A Dallas Co 4 Ms Apr 10 1951-. TENNESSEE 3s 1.75 1940-1956 4s Oct 1 6 2.77 Stanley Co refunding 4 Ms 1.90 3% opt rev Wilkes-Barre— Ttn» % to 2.60 6 0.75 5s 1939-1959 to 3.10 Sioux Falls S D— J&D To Not 4Mb 1939-1971 4Mb 1939-1964 4s Refunding 1941 6 2.80 95 1 1940 M&N 6 0.75 M&N 6 0.75 1939-1960 1939 1970 4M 1939-1945 98 65 1.80 4 Ms *39-*41—-F&A 6s 1939-1950 F&A Scranton School District—■ Scranton 1977 5s 4Mb 90 5 Ms Dec Ask Dallas-— less 1 4s 1940-1955 5 100 t olOOM J&D Schuylkill County— 4 Ms 1939-1955..—-—J&J 4s June 1 1.00 % less 1 6 2.15 60 fund 1939-*47. M&N15 3 Ms J&D Reading 5s lmpt 1943-49-J&J RHODE F&A .. 6 1.50 or Bid Bonds Net 6 3.10 Perkins Co refunding 3-4s 1.50i% to 5 100 1947-. 1 Ask 3.25j % 5 0.50 1939-1963 4s Oharit Inst % 3.30 % 3.40 % 2.25 % 5 0.50 Public Works Relief— 2 Ms to to 5 0.50 ^ F&A Ms 1943 to 1948 3s Feb to 2.65 5 0.50 1939-1950.-—--J&D 2Mb Sch Dist 1939-62. A&O 2 Ms July 1 1939-1956--J&J 28s Feb 1 1939-1958.F&A 1953 3 Corson Co 5s fd 1939-'47 M&N Jackson Co— 5 0.60 4Ms 4H% -• 4 Ms Operating Revenue— 1 Ms Apr & Oct 1939-1941 Pittsburgh— School District— Jan 15 1940— J&J15 5Ms Jan 15 1943 -J&J16 IMs Rural Credit 194?.-J&J 4Mb Rural Credit— Due May 1 1943-,50—M&N Ref 4s Aug 1 '43-'49 .-F&A 112 5 0.60 5 2.00 .J&D _ 105M 108 M - 102 M 100 Ji-J&J 4s 1939-1956 103 M To or Bid Bonds Net 5s Philadelphia (Concluded)— 4Ms 1976 opt 1946 —— 4 8s Dec 171978 J&J 4s July 1939 J&J 4s July 1942 J&J 4s Jan 1 1948 —J&J 4s Feb 16 1955 J&J 4s Nov 1 1966..---—J&J 4s July 26 1972 ---J&J 3 Vis July 1 1986 opt 1956— Philadelphia School Dist— 4 Vis 1939-1943 -.--J&J 4M« 1941-1959 M&N 48s Apr 15 1939-58.A&015 4s 1939-1942 Ask Yield Basis Yield Basis To or Bid Bonds 4 Ms BONDS STATE AND MUNICIPAL 98 $ Optional to Jan. JL, 1938. at 105; 1943 at 104; 1948 at to 103; 1953 at 102, and 1958 at 100. 2.75 % feb., 1939] state Quotations for all securities are as and near municipal Yield Basis Bid Ask €s Gen Fund 1939 1940—J&J b 0.50 4X% Gen oblig 1939-1943J&J b 0.50 4% Gen oblig 1948-50 b 2.30 3H% Gen oblig 1950-51 b 2.30 3H% Gen oblig 1951-52 b 2.30 Clark Co 5Xb 52 opt '33 A&O 101 Refunding 6s 1953. to to to to to Bonds Spokane— 4 Xb Park 1962 J&J 4s & 4 Xb ref 1939-51— J&J 3^s Ref 1943-1954 —J&J 4^8 1939-1954 M&S 5Xb 1940-1953 J&J 5s Imp—Mar 1 1939-1942— 1.75 1.50 2.60 2.60 2.60 Spokane Water Revenue— flonft 1a to 2.75 to 2 .00 3^srefwat 1939-1954—J&J 3.00 1 to 3.15 to 2.20 to 2.00 % to 2.25 Net — 1939-1952 J&J 6 0.50 to 2 5s Wat Wks 1939-1952-J&J 6 0.25 to 2 2 to 2 to 2. to 2.50 to 2.65 WISCONSIN to 2.65 5^8 G O to 3.20 6 1.00 to 1939—M&N 1939-1951-J&D 6 1.25 4 2.00 sewer 3~. 10 to % WEST VIRGINIA to to 4X Lt& Pr 1939--58..M&N 6 2.00 Gen oblig 4^s '39-'40-A&O 6 1.25 4Xa 1941-1955 A&O 6 2.25 4MB 1939-1957 A&O 6 1.25 Munic Lt & Power Rev— to to 5s Highway 3.20 4^8 4X8 3.00 3.40 4.40 to to 4MB 1949-1968 4s 1939-1953 3Xs 1943-1953 M&N A&O 4.25 1.75 3.00 3Xa 1939-1954 A&O 1.90 to % to 2.20 to 1.10 to 2.00 % % % July 1948-1952 J&J 3Xa 1951 and 1952 J&J 3X8 1943-1952 ..J&J 3s Sept 1. 1939-1946 M&S 2X8 Sept 1. 1946-1960.-M&S 2^s Nov 1 1939-1962—M&N 2X* May 1 1944-1962 4.15 Seattle School Dist No 1— 4a 1946-1950 M&N 6 2.70 to 2.10 6 1.80 J&J 6 0.25 6 2.10 4s 3.20 b 0.50 J&J 6 0.25 4s 1940-1950 4.40 1.75 3.20 to 1939-1946—J&J J&J 1945-1954 1939-1943 4s 1939 1944 to to 1.80 1.80 to 2.15 0.25 1.50 0.30 1.85 to 2.15 to 2 .15 2s Road 1939-1963 to 4.30 4.15 lXa Road 1950-1951 J&D 1.40% July 1. 1939 J&J Charleston 4 Ms '41 opt *27J&J 100^ 2Xs 1940-1958. J&D 6 0.75 2Xs 1958-1972. J&D 6 2.20 J&J 0.50 to 1.40 Milwaukee County— 4 Ms Ct H'se *39-'50 M&N 15 4Ms Sew Mar 12 1939-19454Mscourth'se '39-49 J&D16 Racine—4mb 1939-'57—M&N 0.50 0.50 0.50 to 1.00 to 1 1 2" 30 1.10 0.25 to 4.50 to 3.20 Ms 2?30 to 2.30 to J&D to 1.60 1939-1947 A&O 6 0.50 to 1.75 6s W W 1939-1960—-M&N 6 1.00 to 3.25 Madison— 4XB 1939-1949 J&D 0.50 to 2.00 Milwaukee—5s 1939-'40._J&J 0.50 to 0.75 4X8 1939-1945 J&J 0.50 to 1.50 to 2.70 6 1.00 Eau Claire 4Mb 1939-1944-j&j 6 0.50 Green Bay— % 3.20 6 0.75 to 3.10 3.20 to 6 1.25 Yakima— 5s Wat rev 6 1.50 1 50 to 6 5s Light & Pow 1942-50A&O b 3.40 A&O 4 to 2.40 P—A&O 6 1.50 5J4» L & P 1939-1943-M&N 6 1.50 F&A 1.00 to 2.50 Racine Co 5s 1940 J&J 4Mb 1939-1950 J&J Superior 4 Ms Sch *39-'44_j&J 1.25 to 1.00 to 3.00 1.00 to 6s 1939-1941 2.00 to 1.60 to 1.90 3.25 2.50 3.50 to 98 to 1.95 WYOMING 30 to 4s Road 1951 opt 1941.-.A&0 6 1.25 Natrona Co S D No 2— 2.30% to 5s 96 1939-1944 J&J 6 0.75 1.00 to 2.00 Flat price. Quotations are as near as possible for the closing day of the month preceding the date of issue. Surplus Capital Unearned Dec. 31. Par Premium 1937 Reserve Bid. Per $ Surplus 31, ti(Hartford) -------- 10 Aetna Insur (Hartf)— Aetna Life (Hartford) 10 Agricultural (Watet'n) Amer Alliance (N Y). Amer Equitable (N Y) Amer Fire (Wash'ton) Ame Home Fire(N Y) Amer In ur (Newark) Amer Reinsur (N Y) Amer Reserve (N Y) Amer States (Ind'nap) Amer Surety (N Y)_.. Automobile Ins Hartf) Baltimore Amer (Bit) Bankers & Shipp (NY) Boston (Boston) Buffalo Ins Co (Buff) Camden Fire (Camden) Carolina (Wilmington N.O.) Central States Life (St Louis) City of NewYork(NY) _ 10 25 10 5 100 10 2i1 10 - Nat'l 10 25 10 2 100 100 5 3,000.000 7,500.000 15,000.000 3,000,000 3,000,000 1,000,000 200,000 1,000,000 3,343,740 1,000,000 1,000,000 300,000 7,500,000 5,000,000 1,500,000 1,000,000 3,000,000 1.000,000 2,000,000 14,075,487 15,600,498 18,326,607 4,014,483 3,103,032 2,868,502 358,810 1,064,482 10,042,548 3.028,762 1,289,054 301,393 4,072,585 7,185,126 1,426,661 1,582.925 14,706,570 2,197,738 4,221.644 10 500,000 400.000 1,500,000 934,306 5,941,659 9,028,811 2,484,927 3,303,633 4,694,847 2,276,425 5,235,713 745,006 5 15,222,624 20.016,996 6,655,795 5,356,163 1,945.247 4,430,055 77,748 841,394 11,982,022 1,185,624 2,188,793 Par 498,031 889,159 10 28 X 74 m 29m 77 X Mass 22 23 X 26 X Merch Fire Bonding (Boston) (New 120 13 14 X 100 Conn Gen Life (Hartf) 10 Continental Assurance Continental Casualty 10 (Hammond, Ind) Continental Ins (N Y) 2M Eagle Fire (Newark) Employers Re-ins(KO) Excess Ins (N Y) 5 Federal Ins (Jer City) 10 Fidelity & Dep (Bait) 20 Fidellty-Phenix (NY) Fidel & Guar (Bait) _ - Fire Assoc of Phila Fireman's (Wash'ton) Firemans Fund (S F)_ Fire mens Ins (Newark) Franklin Fire (Phila). General Reinsurance. 2ft 10 20 25 5 5 5 Georgia Home 10 Gibraltar 10 Fire & Mar Insurance 2,000,000 3,000,000 1,000,000 1,750,000 5,000.000 815,000 1,500,000 755,095 4,000,000 2,400,000 3,750,000 1,000,000 2,000,000 300,000 7,500,000 9,376,690 3,000,000 1,000,000 500,000 1,000,000 5534 35X ~21M New 2,526,605 (Glens Falls, NY). (New York) 5 37X 10 10 4.932,000 1,000,000 200,088 402,971 1,222", 065 200,000 395,019 33 X 21,114,464 1.901,658 No par value, t Consists of $366,870 $4 94,734.162 1,939,435 166,918 cum. 640,670 1.519.452 8X 1,000,000 733,549 750,000 750.000 5,000,000 20,031,369 4,000,000 7,061,655 1,104,343 863.183 4 44 47 115 25 "30" 9X 15,336,951 6,687,915 26 59 X J* 28 61X 8 9 *15 20 1,100.000 2 1,000,000 4,000,000 5,902,149 13 X 13 X 10 1,000,000 1,403,713 1,707,901 32 X 34X 3,000.000 8,430.465 1,000,000 2,064,269 2,000,000 12,030,562 1.000,000 4,581,784 4,414.095 44 X 46X 2,198,357 5,811,786 4,746,269 16X 25X 27 95 98 10 119 33 X 32 X 56 X 10 Peerless Casualty Phila Life (Phila) Phila Nat Insj(Phila)_ & 120 34 Phoenix Ins (Hartf)Preferred Accident 34 5934 27 X 41 21X 23 X Providence 99*794 7,211,703 120X 125X ton 10 | - - Reliance Ins (Phila).. Republic (Dallas) Revere (Paul) Fire Rhode Island (Prov). 29X 39 16m 63V' 65 39 M 42 X 10m 115 130 26 11X 118X 14 X 9X 2 10" 2X 16 14X 75X 77X 22X 2.809.172 1,798,467 20X 5,284,542 4,529,207 34X 10 l.obo'ooo 2,550",505 946*721 32X 8X 20 10 2.000,000 1,000.000 1.000,000 2,986,748 921,333 712,088 2,349.153 1.384.273 1,525,045 11* 27 1,000.000 1,683,639 1.500,000 923,767 4.000,000 23,309,581 1,000,000 651,498 1.000,000 1,000.000 1.000.000 3,244,267 3,084.449 9,303.853 658.242 740.619 4,203,693 10 5 25X 22X 4 American 10 25 10 5 10 10 836,660' 5.000,000 12,485^056 12.004,391 500,000 741,327 6,861 2.000,000 18,118.207 58,851,773 Travelers Fire (Hartf) 100 20.000,000 28,057.816 784,893,059 U 8 Casualty conv pref 2 1,000,000 1,721,455 2.395.134 U S Fidelity & Guar¬ 2 anty (Baltimore) 2.000,000 6,005,215 14,377,490 U S Fire (New York). 4 2,000,000 16,277.857 9.773.756 U S Guarantee Co 10 2,000,000 4,253,298 2,817.550 Univer Ins (Newark). 8 400,000 1,007,164 387.306 Virginia F & M (Rich¬ 25 mond) 1,000.000 934.590 625,063 West Coast Life (S F) 5 375,000 1,042,256 21,698.853 Westchester Fire (NY) 1.000.000 8,163,259 5,445.542 Wisconsin Nat Lire 400,000 537,348 6,890.470 Sun Life 54 X 802.908 17,345.695 3.357.453 30,667.113 117.498 11,958,021 554,995 8,255,808 3,000,000 Security Ins (N Hav). Springf ield Fire & Mar (Springfield, Mass) Stuyvesant Fire (N Y) 73 23 127 25 10 2 (Rochester) (Hartford) 29X 2 10 575,705 5,317,985 - Rossia Ins 23 10X 5 10 St Paul F & M (St P)_ Seaboard F &, M (NY) Seaboard SuretyJNY) 25 340 10 917,667 5,240.607 2.250,533 1,106,461 2,335,991 942,240 405,645 220,322 1,000,000 2,054,726 6,000.000 38,182,317 W4' 1.000,000 Washing¬ (Prov'dence) ReinsuranceCorp(NY) ~85X 934 28 X 42 X 23 X 24X 10 (New York) 28 83 m 8X 2,000,000 1,000,000 1,000,000 1,000.000 1.000.000 400,000 700,000 25 - 6m 1,000,000 25 Occidental Ins (8 F)__ Old Line Life (Milw). 50 42 81,084 (Philadelphia) 10 12,000,000 54,240,005 Jersey Ins Co of N Y. 20 1,000,000 916,498 Kansas City Life (Kan¬ sas City. Mo) 100 1,000.000 6,162.223 Knickerbocker (N Y) 5 1,000.000 2,051,004 Lincoln Fire (NY) 5 210,000 161,527 1,137,150 [2,500,000 20 Pacific Fire (N Y).__ Pan-Amer Lire (N O) IX 2 Insur Co of Nor Amer 718,360 4 59 Fire (Minneapolis) 38X 33 X Hartford Steam Boiler - 400,000 36 North western National 8,719,926 51,585,447 2,205,218 10 4,897,527 4,059,443 3X shars t 28X 37 X 36 10 3,000,000 6,429,741 5 15,000,000 38,657,540 10 1,000.000 2,736,467 10 2,512,137 7,406,132 35 325,721 5.071,361 26 X sx 10 2,000,000 100,000 75 3,994,343 13,502,357 1,059,053 4,805,714 38,201,787 Hanover Fire (N Y). Hartford Fire (Hartf) 1,444,670 11,531,659 5 70 1,000,000 2,802,013 8,150,000 22.399,846 2,000,000 1,702,507 4,000,000 5,213,048 12,000,000 47,714,286 5 2 10 New York Fire 5 North River Ins (N Y) 2X Northern Ins Co(NY) 12'2 Northwest Fire & Mar 41X 12 X 23 X 65X Great Amer Ins (N Y) Halifax (Halifax, NS). 10 3X 21X 6,561.640 2,553,973 1,442,339 15 10 20m 2,500,000 6,591,820 1,000,000 1,345,528 1,200,000 16,584,985 t959,745 5 15 5 26 X Rochester 1 (Hartford) Home (New York) Home F & M (S F) Home F re Security Homestead Fire (Bait) Importers & Exporters (New York) Brunswick (New Brnns. N J)-. New Hampshire Fire (Manchester, N H) (Milwaukee) 8.418.754 20,522.705 1,097,509 3,851,702 441,123 2,724,679 6,364,068 15,367,997 3,402,136 9,317,827 254,220 12,954,358 12,995,622 7,678,380 2,363,558 1,126,382 1,445,326 1,967,908 4,773,543 Insurance 25 Falls Globe & Republic Globe & Rutgers Fire. 2d preferred Gr Amer Indemnity 10 2 784,722 2,808,328 38,822,179 6,210,523 188,156,229 3,695.297 22,263,915 5,013,966 51,759,596 445,769 2,500.000 605,381 10,519,950 5,515,051 40,351,755 1,558,499 9,422,201 334,421 13,142.938 7,232,618 6.880,363 5,285,913 684,304 905,995 5 \pref 100 (Providence) National Cas (Detroit) National Fire (Hartf). Nat'l Liberty (N Y)__ Nat'l Union (Wash)_Nat Union Fire (Pitts) New Amsterdam Cas (Baltimore) 30 1,000,000 2,544,798 1,000,000 1 of New York Life (Boston) 10 12' Assur/com York) Merchants 6 92 X 95X 597 607 340 19m Ash. Bid. Ins _ 40 X 28 X 56 X 33X & Merch Fire (Denver) Merchants & Mfrs Fire "8"" 38m 26 m 28 Reserve Premi'i" Per Manufacturers Cas'ty (Phila) Maryland Casualty-_ 110M 6m Capital share 106 X 45 24 x Unearned 1937 Dec. Ask. Aetna Casualty & Sur * to Ask Clarksburg' 5 s 1939-1953.A&0 6 0.50 Clarksbg S D 5s *41 ep '21M&S 61.50% Hancock County—5s Grant Road Dlst '46 opt '32-M&N 100X Huntington 5s 1944 Oct 6 2.25 Mercer Co 5s '44 op '24 A&O 15 100M Morgantown 5s 1939-1948.J&J 6 0.50 Wheeling— % _ b 1.50 6s 1939-1941 L & Glens to 2.*0 Bid Walla Walla— 5s Water ref-i--1939-45 3^s Water ref—1939-39 2^s Water ref—1940-42 King County— 4&s Bridge 1939-49-M&N 4MB 1939-1950 M&N Pierce County— 4XB 1939-1944 Port of Seattle 5s *39-'55 M&S 4^8 Jan 1940-1955 J&J Columbian 5s 2.70 3.35 to 2.80 To or Bonds Net Charleston S D 2.90 1.25 2 00 1.50 1.50 1.50 b 1.50 6 2.00 Revenue Bonds— b Basis. Ask to J&D Everett— 4Hs Gen oblig wat-1939-59 b 1.75 „ Bid 4XS-4XB 1939-1941—A&O 6 1.25 3.60 Tacoma—Revenues— 4Xb Water '39-'43 (s-a)J&J 1.50 4Xb EIL&P '42-'46(s-u)J&J 99^ 2.00 45*sEIL&P'39-51(s-a A&O 1.50 4s Water 1944-1946 3.40 J&J 2.60 M&N Toll Bridge Authority— Revenue 4s 1968 Yield Basis To or Net WASHINGTON 99 ? Yield Basis To or Bonds bonds possible for the closing day of the month preceding the date of issue as Ass'ncejOas) 25 10 24X 5X 4 26 5 225 229 5X 7 27 X 29 X 29 31 25 119 5 100 410 460 448 458 ■a 380 11X 2'X 1st preferred, $517,879 $5 2d preferred and $75,000 $5 junior preferred stock. 3X 122 4X 7X 8X 21X 50X 21X 52 X 59 61 11X 13 X 4 33 X 15X 5 35X 17 —— Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes as near as sales. Comptroller's last call; for all other insti¬ For Figures of deposits, capital and profits for the National banks are from the being procured by us where no periodic statements are required. 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 Stats ALABAMA Dec. 31 Surplus A Profits Capital Institutions National Ranks Dec. 31 Dec. 3l Gross Par Deposits Bid State Institutions Dec. 31 CALIFORNIA Ask Gross Surplus & Profits Capital Deposits Par Bid Nomi nal. $ Birmingham— Bank for Sa vg. & Trts. d Birm'ham Tr & Sav 1,129,517 29,557,073 81,700 1,194,217 1,134,806 500,000 Common.. 61,725,418 e 3.000,000 6.400.000 Common Per share. 50 Per Long BeachFarm & Merch Bank Western Tr & Sav Bk d al ,767.600 Preferred Industrial Sav Bank- d 125,000 First National Bk— Preferred $ 1,050,000 150,000 125.000 707,286 223,430 1,000,000 225,000 16,727,846 3,130,622 N 100 50 a50 33 share. o les Los Angeles— California Bank— Common 31^ 125 na\, re cent sa (50° 100 J25 Ask Nomi Preferred 5.000,000 900,000 — J3,369,894 105,300,917 23 X /25 24>* (40 Citizens Nat Trust & 4,305,000 111,806.441 5,235,549 121,513,266 5,000,000 3,000,000 Savings Bank Farmers & Mobile— Mer Nat 20 22^ 360 100 23 370 Secur-First Nat Bk— 375,000 1,000,000 1,000,000 Amer Nat Bk & Tr Co First Nat Bank Merchants Nat Bk-. 156,820 1,406,502 1,668,137 2,512,688 24,423,945 20,601,503 25 25 20 24,000,000 130285 032 566,456,477 Preferred 60 300,000 1,000,000 257,304 793,354 100.000 50.000 First Nat Bank 4,451,371 18,140,659 88,093 10 12 10 12^ 12& 13 M 25 45 45% 2,500,000 2,728,518 37,964,132 50 "9-i" 98"" 328.850 2,000,000 300,000 64,253 1,988,042 261,577 2,565,843 47,010,898 11,023,516 100 300,000 662,886 6,058,923 100 740,523 14,225,588 2,086,763 3,832,817 9,000,000 Union Bank & Trust- Oakland— Bank of Commerce. Alabama Nat Bank f 400,000 600,000 Common 58 _ Central Bkof Oakland Farmers & Mer Sav. 50 25 Union Bk & Tr Co— Common...... Preferred 2,300,800 f7X \5 Pasadena— Citizens Coml Tr & S First Tr & Sav Bk— Common Selma— Preferred 400,000 120,000 Selma National Bank 200.000 Selma Tr & Sav Bank d 350.000 2,755,326 1,543,392 1,800,469 1,512,031 213,850 82,779 212,548 113,238 City National Bank. People's Bk & Tr Oo. d 100 25 95 100 j Z30 25 125 , Pasadena-First N Bk 150,000 49,223 Security Nat Bank.. 300,000 276,934 961,250 50,000 246,000 1,568,966 20 100 100 100 Sacramento— 145,000 32,987,077 1,756,649 5,489,305 1,348,358 100 171,802 134,758 59,121 175,000 123,845 3,831,005 100 San Dieg First Nat T&SBk.. dl,500,000 711,121 25,716,994 821,897 12,864,587 125 177,555 57,054 8,468,790 3,115,402 100 100 Capital Nat Bank.. Citizens Bk of Sacra- Merchants Nat Bank Sumitomo Bk of Gal- N 100 o 100 re cent 100 sa les San Bernardino— American Nat Bank. d National Banks San Diego Tr & S Institutions State ARIZONA i 250,000 490,000 600,000 United States Nat Bk d Dec. 31 10 0 2H 3>* B Common Security Tr & Sav Bk Dec. 31 100 200,000 Preferred 95 105 125 "95" 135" 100 Nomi nat. Blsbee— Miners & Merch Bk_ Per 4,086,934 share. 100 250,000 190,590 First Nat Bk of Ariz, 550,000 870,324 16,913,884 t 20 Phoenix Sav Bk & Tr 247,500 168,710 4,410,731 t 25 - Phoenix— N Common 600.000 - Preferred 1,215,200 TucsonSou Arizona Bk & Tr Jl,341,910 39,430,664 15 0 re cent sa Valley Nat Bank— les \6tf San Francisco— Anglo California National Bank... dl8,000,000 6,215,892 204,848,751 20 *9^ Bank of Calif, N A.. 80 177 Vi 185 6,800,000 8,348,515 110,202,363 Bank of Amer Nat Tr & Savs Assoc 33H 36 50.000,000 64,058,600 1437027491 12 H 25 Bank of America 18,854,965 1,500,000 /2,217,422 Bank of Canton 100 104,389 2,715,554 500,000 k Bank of Montreal 253,227 1.000,000 4,461,626 100 "2l2" 216 171 174 Canadian Bk of Com 100 457,954 1,300,000 18,115,491 325 Crocker First Nat Bk 6,000.000 100 300 8,135,418 138.869,246 The San Fran Bank8,877,874 161,862,873 1000 11,000 11,500 6,000,000 Pacific Nat Bank 100 100 400,674 8,647,781 1.000,000 Wells Fargo Bank & Union Trust Co Yokohama Specie Bk American Tr Co 250,000 9,466,118 446,719 Common 100 9,000,000 1,200,000 8,667,190 246,986,651 371,261 5,742,826 100 *290 P 7.500.000 [6,993,475 277,306,154 7.500,000 Preferred |20 11,257,544 100 San Jose First National BankNational Banks Dec. 31 ' ARKANSAS Slate Institutions Dec. 31 600,000 867,478 Santa Ana— Commercial Nat Bk_ (/145.000 126,643 168,253 10,506,727 fioo 200,000 1,000,000 375,000 527,606 First National Fort Smith— City National Bank. First National Bank. Merchants Nat Bank Per 299,000 500,000 500,000 Little Eock— Commercial Nat'l Bk 300,000 Peoples Nat'l Bank.. Twin City Bank 91,427 560,046 582,365 200,000 100,000 Union Nat Bank— Common Preferred W B Worthen Co... 2,976,521 7,004,033 9,390,297 share. 100 N 100 re cent 25 sa 0 les 515,980 129,594 41,367 300,000 1 185.500 669,000 9,592,935 3,765,166 352,901 10,907,501 1,293,782 20 49 51H 25 29 35 Preferred... Simmons Nat Bank. Stockton— First National Bank- 16,594,206 627,963 139,000 4,678,045 10,855,018 2,500,000 97,736 886,272 [20 35 38 b June 30, 1938. c cent sa les of San Francisco, Calif. Savings deposits. d Common and preferred stock 50 e May 19, 1938. outstanding / June 30. 1937. 100 Co., which controls 97% Bank of San Diego. Calif. First National Bank of Napa, Calif., was absorbed by the Bank of American National Trust & Savings Association of San Francisco, Calif., 2,360,967 f 100 \ 100 12,177,702 o re 100 Outstanding preferred stock consists of $1,067,600 1st pref. of $20 par and $700,000 of 2nd pref. stock. h The } N 100 100 Sale price. Q Quotations for the San Diego First National of the stock of the First National Trust & Savings 50,000 50,000 400,000 125 value and retirable at $50 a share, 120 358,819 275 1100 t Controlled by tae Transamerica Corp a 25 ... Stockton S & L Bank Union Safe Dep Bk_ * Pine Bluff- Nat Bk of Commerce Cemmon...... Preferred. 260 Bk— Common Nom inal. 31^ 49^ 1,682,337 12H 564,700 435,300 29 X 46 X effective Dec. 335 350 12, 1938. i Dec. 31. 1937. I Last sale price. k Sept p Par value 100 yen. n 28. 1938. New stock. FEB., 1939] BANKS TBUST AND COMPANIES National Banks Wilmington— Surplus & Profits Capital Cross $ 304,956 3,966,624 1,348,269 679,982 855,100 1,500.000 2,738,341 672.600 996,632 4,000,000 11,940,910 Deposits" Par Ask Bid Nomi nal. Per Colorado 8 Colorado Sav Bank Colorado Spg» Nat B 331,610 398,025 7,018,362 9,906,100 613,231 89,611 8,627,309 5,520,622 50 100 110 50 2,152,064 18,460,418 2,787,871 3,563,120 10,511,664 19,936,037 9,285,496 73,038,882 300 25 41H 25 70 100 165 25 61 75 64 93,725 1,721,456 60 128 138 50 215 220 100 150 10 19 20 2,408,786 flOO 1100 100 Nomi nal c a 1.000.000 11,654,468 600,000 Colorado State Bank 125,534 1,762.911 3,576,860 37,301 25,043 2,297,796 2,209,511 60.000 Denver Nat Bank First National Bank. National City Bank. Union National Bk 1,260,000 1.600.000 a 100,000 . iecurlty Trust Co.— Wilmington i1* Ho Ask 100 500,000 350,000 First National Bank 137,423 100,000 79,000 300,000 300,000 Common Preferredc lass A__ Exchange Nat Bank Denver— American Nat Bk Central Sav Bk & Tr Colorado Nat Bank Common Preferred share. . 60,000 Bid Nomi nal. Per share. $ $ Industrial Trust Co. Union Nat Bank Delaware Trust Co.. Equitable Trust Oo. Par Deposits 210,000 500.000 625,000 203.175 1,000,000 ... Institutions Dec. 31 Cross Surplus & Profits Capital Central Nat Bank State DELAWARE Dec. 31 Farmers* Bank 101 100,000 550.000 600.000 a U S National Bank.. International Tr Co. Washington— Per Anacostia Bank a 100 City Bank Columbia Nat Bank- 38,026,814 flOO 1100 1,755 ,339 100 60 32,931 ,204 100 58,023 ,803 1,225 ,863 145,000 a 475.000 250.000 Bank of Oomm A Sav Hamilton Nat Bank. o re cent sa 823 ,144 les "Io5 26,159 ,945 17,701 ,390 100.000 1,000,000 500,000 Liberty Nat Bank N 100 Lincoln Nat Bank McLachlen Bkg Corp Nat Bank of 400.000 345.000 1,050.000 200,000 800,000 a Wash- Nat Capital Bank Nat Metropol Bank. 100 87,805 387,259 546,631 295,920 954,834 385,000 858,485 223,773 674,059 1.860.331 9,061,530 4,882,799 3,567,859 25,261,922 7,124,236 10,648,102 5,386,306 10,146,951 2,268,251 26,043,391 100 500.000 1,139,524 19,845,096 136,079 2,043,723 100 100 81,017 5,038,136 1100 Nat Sav A Tr CoCommon Income debentures 1100 Union Trust Co Wash Loan A Tr Co. National Banks Dec. 31 CONNECTICUT 200 65 » - 122 140 150 100 240 260 100 267 100 101 60 100 59 145 250 100 198 5.635.332 10,393,947 23,389,490 1,802,572 120 100 16,902,036 200,446 1,000,000 12,042,592 500,000 2,000,000 1,235,451 1,000,000 1,501,312 1,000,000 2,489,763 MunBey Trust Co Ba^ 200 50 100 50 90 80 100 226 3.000,000 15,103,960 1C4,202,322 1.217.500 a 557,500 433,346 8,398,578 a 543,000 372,265 7,972,586 Amer Secur ATrOo. 3,400,000 4,976,269 54,049,459 100 100,000 I 200.000 Common mm 30 H 176 100 Preferred Second Nat Bank... Secur Sav A Com Bk Pueblo Sav A Tr Oo Preferred 240 27 y* Biggs National Bank 100 30.000 Minnequa Bank 265 20 Common—. Pueblo— First National Bank 220 100 share. 100 280 - - m m rnmm m mm m 270 210 240 State Institutions FLORIDA Dec. 31 State Trestitutions Nomi nal Dec. 31 Jacksonville— Per Atlantic Nat Bank 4* 0//t( Bridgeport- Per J»U«. share 43.000.000 1,042,747 1,370,244 share 26,673 44,366,736 24,071,789 32,804,371 1,025,861 100.000 159,798 1,647,561 200.000 2,008,216 100 125 29,262,563 30,124 8,514,096 2,101,020 100 125 100 100 25 44 100,000 122,236 677,471 77,826 321,317 85,774 100 100 ilo 300.000 599,419 13,148,327 100 125 135 35 40 Barnett N B of Jack. 1,500.000 Florida Nat Bank Ql .500.000 Spr'field Atlantic Bk 50,000 1,006,251 10 9 100 185 25 18 10 *2i"" First Nat Bk A Tr Oo Common Preferred Black Bock Bk A Tr Bridgep't City Tr C« North End Bk 500,000 1 268,441 1,470.000 | a 100,000 136,848 2,200.000 1,426,450 23,102,346 QH [7H 7H Kl* 50 1,582,276 25,679,363 40 '40 25 32 34 25 80 90 A Tr Common 26,000 125.000 25.000 73,206 1,589,689 100 Common 165,000 233,026 1,765,232 / 25 Preferred 99.600 1st preferred 2nd preferred 100 West Side Bank— 30 40 0 Amer Bk A Tr Co First National Bank. First Trust Co 1.200.000 100,000 Florida Nat Bk A Tr Little River Bk A Tr Miami Beach First National 1100 300,000 208,804 150,000 Conn River Bkg Oo. First National Bank 1,261,193 991,273 1.160,000 100,000 4,000,000 Glastonbury Bk A Tr Hartford Nat Bk A T Industrial Bank Pnoenlx St Bk A Tr. 164,107 4,354,613 232,047 100,000 1,600.000 East Hartford Tr Co 2,031.536 179.930 100,000 4.000.000 Hartford-Conn Tr Oo Park Street Tr Co Riverside Trust Co.. 250.000 Sims bury 4,251,138 195,455 172,128 123,952 100,000 125,000 Bk A Tr Oo 3,298,261 7,605,125 15,598,967 1,690,896 65,411.749 272,788 39,694,637 1,863,090 45,240,906 25 22 30 450 100 110 55 Common.. 50.000 60.000 Travelers Bk A Tr Oo West Hartford Tr Oo ... 56,133 600,000 200,000 Preferred Bank 50 10 25 25 100 820,550 257.500 loo.ooo 119,631 217,588 4,998,505 ( 100.000 231,725 5,352,191 100 200.000 926,688 8,811,526 100 400,000 200.000 456,138 148,517 5.920,141 3,272,162 100 50.000 200.000 38,516 52,290 1,118,222 1,933,351 100 0 200,000 291,264 7,764,405 25 100,000 1.250.000 1,300.000 36,945 517,166 911,694 156,245 851,729 14,522,853 16,174,619 100 80 100 100 100 125 a 100 125 150 1,745,641 100 60 75 1,320,015 100 68 000 ...... 27" ... 0 Palm Beach First National Bank. 30 60 . 59 63" 25 3,294,859 1.923.666 25 55 11 14" 26 43 1,000,393 I 25 1100 100 10,704,891 100 3.555.667 25 1,568,202 American Nat Bank Olt A People's Nat Bk St. AugustineExchange Bk St Aug St Augustine Nat Bk 20- 7 Merlden TV & 8 D Oo a 369,499 72,291 107,946 52,807 150.000 i/7oo" St. PetersburgFlorida Nat Bank.. 170 6,798,537 1,628,958 25 20 21 25 17 5,798 100 15 150 1,388,689 25 First National Bank First 8a v A Tr Co 500.000 2,681,390 100 90 50 162,621 100 100 WestPalm B^acb 10 lantic Nat Bank 227.500 120 175 Fla Bank A Trust Co. West Palm Beach At¬ a 200 35 New Haven— Amer Bank & Tr Co 185 105 6156" Exchange Nat Bank 500,000 150.000 100.000 20 Pensacola— 25 3,141,328 Merlden— Home National Bank 20 1 280 25 132 000 Preferred Florida Bank 130 • Tampa— Broadway Nat Bank Puritan Bk & Tr Oo. 400.000 r Common 27 So End Bk A Tr Co- Merlden Nat Bank.. 25 Miami— Orlando— First Nat Bank— Hartford— Capitol Nat Bk A Tr Windsor Trust Oo Lakeland— Florida Nat Bank 33 36 645 120" 125 100,000 57,446 200.000 d 255,801 6,554,782 I 04 100 First Nat Bk A Tr C< Common Prior ... preferred.. 756.000 441,000 1,053,836 27,942,687 45 Oonv preferred.. New Haven Bk NBA 920.000 100 800.000 943,393 50 48 Second Nat Bank.. 750.001 921,878 50 70 Trademen's Nat 10,175,055 12,435,160 53 75 Bk Common Preferred Un & N Haven Tr C« 170.000 180.000 1.458.70" 73,967 1,123,823 3,154,702 /100 1100 100 15,953,685 National Banks 100 Nomi Per 200.000 Cltlz A So Nat Bank. '5,000.000 First Nat Bank 5.400.000 1,000,000 _ Preferred 475.000 Ga 8av Bk A Tr Co.. a 990,000 Trust Oo of Georgia. e2.000.000 300.000 503,800 4,932,613 100 New London City National Bank... Union Bk A Tr Co.. 345.904 106,656 re 215.736 49,928 tio share 13K 10 29 34,238,004 f 100 1100 100 3,646,361 100 26,929,109 250 Jl,161,249 307,999 2,824,216 m m - m 265 mrnrn - » les 270.000 na». 100 cent 100 100 sa Winthrop Trust Oo. 2,589,713 1,878,411 964,436 50 300.000 683,000 3,215,713 86,568,205 4,591,938 104,903,989 113,300 Fulton Nat Bank— Common New LondonNat Bk of Commerce Dec. 31 Atlanta— American Sav Bank. 95 Institutions Slate GEORGIA Dec. 31 N • . 686 700 Sale price, t Branch of Savannah. NorwichThames Bk A Tr... Uncas-Merch Nat Bk a 550.000 407,779 157,447 200.000 2,986,317 1,692,594 25 110 120 c The declared American a National Fidelity TltleATr C< Stamford Trust Oo. 1.000.000 200.000 1,303,485 700.000 12,051,499 100 651,199 5.174,724 9,575,787 100 741,049 11,858,267 100 155 145 155" 100 994,900 145 Waterbury— Cttlc A Mfrs' Nat Bk Colo., Colonial Trust Co... Waterburv Trust On a on nnn , 230,700 3,274,440 185,236 5,288,400 9,588,224 3,354,288 25 32 100 h Affiliated with the Barnett National Bank of Jacksonville. Fla. k New stock. Last sale. Due to banks, 60 70 Trust funds, x 200 100 Combined statement. t 32 1939, Group In Florida. r 22 3, Member of the Florida National Group. o 150 Jan. on Affiliate of the First National Bank of Atlanta. Ga. / 600.000 250.000 264,000 1.000,000 Preferred... Denver, q Waterbury Nat Bk— Common........ of e Nat*' Bank A Trust Co debentures outstanding. Bank 66 2-3 % sotck dividend after retiring all of its RFC pref. stock. d Member of the Atlantic Stamford— First-Stamford or 6 Retirement price. 19 100 Includes preferred stock Ex-dlvldend. V Stock all owned by Travelers Insurance Oo. t , 102 BANKS National Banks GEORGIA Dec. 31 Surplus & Profits Capital State AND TRUST Institutions National Banks Dec. 31 Gross Par Deposits Bid Ask 400.000 154.538 9,303,206 86,568,205 3,150,546 850.000 200.000 300.000 75.000 200.000 Nat Exchange Bank. t 795,061 119,616 152,000 49,253 361,968 6,986,206 1,888,036 2,158,124 1,182,842 3,278,421 100 158 14 H 89 100 Gross 100 Ask Bid Par Deposits Nomi nal. short 153 tlO 100 Surplus & Profits Capital State Institutions Dec. 31 TUit Per 540,883 3.215,713 760,000 GUIs & So Nat Bank- f6,000.000 ILLINOIS Dec, 31 Norm Augusta— Georgia RR Bk & Tr COMPANIES Per (Slirin— 131,535 1,383,002 7,287,511 1,991,761 787,733 1,057,640 1,451,932 10,052,857 23,826,813 14,261,596 20 100.000 300.000 88,864 712,349 100.000 .. Union Nat'i Bank.. share, N 100 100 100 Elgin Nat'l Bank... First Nat'l Bank o rec ent sa les ColumbusColumbus Bk A Tr__ First Nat Bk of Ool Fourth Nat Bank. . Borne Savings Bank. Merch A Mech Bank 110 Peoria— 100 80 85 Cent Nat Bk A Tr Co flon.ooo 100 100 120 125 2.000.000 30 100 200 35 220 Com Mer Nat BkATr First National Bank 660.000 Jefferson Tr ASav Bk Common 200.000 90.000 150.000 Capital notes.. Maoon— South Side Tr A Sav B Oltis A So Nat Bank. f5.000.000 City Bank A Tr Co.. 110.000 First Nat Bk A Tr Co • 500.000 3,215,713 96,000 248,480 86,568,205 1,494,000 6,951,004 tlO 100 13^ Liberty Nat Bk A Tr i 200,000 I 134.000 Common........ Debentures.... 2,629,847 / 50 50 55 1,496,589 100 63 65 651,944 100 35 50 3,526,826 J66*» 50 60 ioo 125" 130" 100 35 50 ioo 40 10 3,215,713 177,086 252,331 500.000 665.000 131,911 113,043 , 14H Quincy— B'dway Bk of Quincy Savannah Bk A Tr.. Citizens Bk A Tr Co 73 19 50 100 Savannah— Citiz A So Nat Bank. r5.000.000 71 18 48 50 20 86,568,205 4,675,532 4,329,770 10 100 13 X 80 8* 100 50 60 96,999 1,628,539 100 100.000 Debentures.. 23,835 200,000 196,000 200,000 100,000 50,000 296,000 111 State Bk of Quincy Common 78,773 149.021 44,315 420,167 9.450,730 100 243,518 302,411 4,913,112 8,733,852 40 40 fiOO.OOO State St Bk A Tr Co. 42,444 110,320 500.000 Peoples Bk of Quincy S'thSideBk of Quincy 5,733,716 832,532 647,285 1,470,544 200.000 246,000 Mercantile Tr A S Bk 555,112 297,814 ioo Kockford— Illinois Natl Bk A Tr Co — Swedish-Am Nat Bk. Third Nat'l Bank National Banks Dec. 31 IDAHO State Institutions Dec. 31 iVumt nut Boise City— Ida 1st NatBkofBolse ttiuoion Per 600.000 \ 588,000 ... Preferred.. "fret Security Bank. Boise Trust Co <1.035,000 125,000 < -. share. 655,509 22,619,744 100 N 1,888,907 50,645 27,053,478 78,914 100 sa SpringfieldFirst National Bank Illinois Nat Bank 300.000 500.000 Springfield MarineBk 175 9,949,260 100 165 5,111,184 12,080,449 50 100 110 100 120 125 100 o re cent les National Banks INDIANA Dec. 31 National Banks Dec. 31 405.403 ILLINOIS State Institutions Dec. 31 State Institutions Dec. 31 Nomi nal. AuroraAurora Nat Bank... Merchants Nat Bank Old Second Nat Bank i 160,000 300,000' 175,105 232,843 379.000 95,314 Belleville Nat Bank 100.000 Belleville Savs Bank. First National Bank. St Clair Nat Bank— 300.000 350,000 150,000 39,508 238,149 262,258 172,761 3,339,885 4,784,516 3,163,618 100 1,441,835 100 3,200,482 6,057,827 100 2,429,194 Nomi nal. Per share N 0 100 re cent 100 sa Citizens Tr A Sav Bk Franklin Bk A Tr Co 146.70C Bank Lamasco State 100,000 National City Bank 100 275" 150 500.000 North Side Bank... 100 30 250 125 209,000 Old National BankCommon Bank-. i 20 t>everi> state Mb v Bk Central Nat Bank— City Nat Bk A Tr Co Cont 111 N B A Tr Co Common 100 100 40 10 10U 16 19 113 117 50.000,000 133711537 1257555445 Avenue St Bk Oak Pk 400,000 b 105,216 3,210,456 <1,600 000 1,368,343 57,253,579 200 000 194,418 4,774,472 <380,000 110,237 6,407,647 100,000 88,214 2,398,647 300.000 193,569 8,381,597 4.0UU.UUU 2,994,994 131,176,813 33^. 73 Preferred 25.000.000 Cont Nat Bk A T Co 1.500.000 Cosmopolit'n Nat Bk i 250.000 30 220 210 25 30 165 ""80*" "90" 1,489,941 2,819,885 100 805,724 186,543 , — 362.195 225 100 100 110 110 100 100 150 100 110 160 110 13,389,710 1100 125 100 100 150 101 100 1,198,195 1,377.684 1,294,023 973,450 11,916,410 100 100 1,758,275 100 100 100 175 500 000 Mutual 1,625,000 8,149,850 1,200.000 617,462 20,625,276 400.000 400.000 482,856 15,599,636 250,000 300,000 15,137 1,296,119 1,125.659 11,927,515 i 400,000 910.624 13,689,280 100 < 200.000 43,168 2,338,372 100 1,556,435 35,216,567 101.659 2 ,192,170 100 8,164,242 119 .497,250 1 ,315,427 196,185 21,281 870,918 484,123 8,056 2,250,690 32 ,199,581 2 .323,059 47,363 3 ,306,232 425,146 4 ,383,109 137,810 100 300 340 100 100 100 150 160 Fort WayneLincoln Nat Bk A Tr Ft Wayne Nat Common 20 N Preferred 20 20 i 0 re cent sa Bank les Dime Trust A Sav Bk Debentures ..... People's Tr A Sav Co a33> — 135" 145" 100 32,484 49,500 42,900 675,291 55,951 200 160 15,068,081 20 *(» 75 33*i 485,017 54,606 ► 500.000 Preferred Peoples Savings Bk.. ChicagoAm Nat Bk A Tr Co. *u*tln Stat' Bank. r 145,700 Indiana Tr A Sav Bk. les Belleville— Aetna 500,000 100,000 ' 100 share. Per Ev&nsville— Citizens' Nat Bank Gary— Gary State Bank.. Gary Tr A Sav Bk. IOO 125 75 100 District Nat Bank— 102.000 1 68,855 2,998,424 98,000 445.000 172,676 7,328 ,819 i.ooti.ooo 987,025 27,236 ,774 First National Bank 30.000.000 36,470,054 935,567 ,244 First Nat Englewood 200.0UU 769,168 5,443 ,095 Halsted Exch N at Bk 200.000 216,003 6,806 ,429 200.000 Hamilton State Bk.. 51,447 2,186 ,537 1-0 National Bank.. 200.000 71,509 2,896 ,784 250.000 Kaspar Am State Bk 129,565 2,543 ,009 Lawndale Nat Bank Common 275.000 1 343,704 12,474,690 Preferred 325.000 1 Liber y Nat'l Bank 300.000 397,142 12,228,903 Live Stock Nat Bank 1 000.000 1,545,509 26,788,877 Madison-Crawford Natl Bank....... 200.000 157,982 4,594,650 Main State Bank... 200.000 226,700 6,119,046 M erchandis* N at* lBk 600.000 1,052,712 19,332,941 Merchants Nat Bk.. 200,000 180,301 5,789,158 200.000 59,276 Metrop State Bank. 3,366,114 400.000 Mid-City N at Bank 96,910 11,015,847 Mllwauke AvN'tBk i 200,000 145,557 5,755,534 400.000 Mutual Nat Bk of Ob 384,487 10,223,342 Nat'l Builders Bank. i 500. UUU 300,326 6,184,181 600.000 Nat'l Boulevard Bk. 722,306 16,582,092 200.000 National Security Bk 269,378 8,082,687 North Shore Nat Bk. i 200,000 84,756 3,929,105 500.000 Oak Park TrAHav Bk 262,126 8,310,610 2.000,000 Personal Ln & Sav Bk 2,148,794 7,251,713 Pioneer Tr A Sav Bk < 750.000 797,290 18,052,989 Sears-Com State Bk. 200,00(1 268,102 9,616,767 200.000 Bkala Nat'l Bank. 87,043 3,003,438 200.000 South East Nat Bank 161,879 7,144,035 South Shore Nat Bk. C200.000 100,000 State Bk of Clearing. 120,000 85,821 2,762",714 Terminal Nat Bank. 200.000 278,584 6,728,850 Unlv St Bk of Ohlc.. t 293,00(1 322,326 6,360,103 300,000 346,911 Upper Ave Nat'l Bk. 7,240,122 300.000 Uptown State Bank. 348,152 7,933,755 West 31st Sf ate Bk 100.000 27,660 707,842 200.00(1 Western Str.te Bank 207,544 3,316,233 < Amals Tr 4s Sav Bk 400,000 352,902 8,154,293 Bsnro di N&pol 300.000 Tr 430,866 4,828,840 800.001) Chtr City Bk A Tr 968,876 23,753,787 Drovers Tr A Sav Bk < 547,000 453,669 11,463,508 200.000 East Side Tr ASav Bk 78,169 870,052 Harris Tr A Sav Bk. 6,000.000 10,921,857 234,042,170 Lake snore Tr A 8 Bk i 790,000 362,716 12,229,790 600.000 Lakevie* Tr A 8 Bk 1,301,486 27,958,885 Mercantile Tr A Sav. 600.000 502,354 16,740,617 Northern Trust Co.. 3.000,000 10,155,736 339,976,957 300.000 Pullman Tr A Sav Bk 366,775 8,698,952 Common ... Preferred Drexel State Bank.. Drovers Nat Bank ... i —.. . . . . 20 30 18 22 40 28 100 100 100 100 100 145 215 170 130 32 155 220 35 180 135 40 11 12 15 20 4 8 IndianapolisAmerican Nat Bank. 1.000.000 Common 100.000 4.000.000 i 200.no< Marion Co State Bk < Merchants' Nat Bk. People's State Bank. (10 lio 14 100 20 210 100 150 110 210 220 90 80 100 90 23 26 100 125 50,000 65.000 1.250,000 i 300.000 1 l 15K 14^ alu 10 100 100 • m m m m mm m m m ~ » m mm * ..... ..... 235 220 mm ..... 100 80 ; 775.000 Class A preferred. Fountain Sq State Bk Indiana Nat Bank.. Live Stock Exch Bk. Madison Ave St Bk 18 Fidelity Trust Co... "60" 100 100 100 100 20 100 60 100 Fletcher Trust Co— Common 155 Indlanr 135 55 100 Security Trust Co Union Trust Co 76,134 2,479,934 <349,000 500,000 753,250 250,000 900,000 144,711 303.116 164,718 19,507 _ Ulty Nat Bk A Tr Co Pirst Bank A Tr Oo Merchants Nat Bank St Joseph L A Tr Oo 40 78 100 147 100 140 160 25 31 170 35 "125*" i35" 100 — ..... 1,131,061 37,076,648 1100 "175 100 152 145 100 60 300 16,421,589 3,841,957 20,184,492 100 184"" 72 325 Bend- American Trust Co. 55 30 55 100 830.000 185 73 85,054 2,875,663 4,548,277 9,597,488 4,501,043 3,369,440 ...... "16 100 100 100 N Terr© Haute— Common 0 nt re 250.000 . Preferred 140,085 a sa Merchants Nat Bk.. les 5,187,518 /ioo 1100 250.000 Terre Haute First Nat Bank— Common Preferred 500.000 910,615 17,668,519 1 1 300.000 20 1C mm "26 23 100 100 11,020,792 100 100 135 16 — 283,001 1,000,000 < 399.200 1.000.001 50 60 100 20 South 500.000 i 1 500,000 Debentures Trust Co 175 125 100 100 100 Bankers Trust Co... 60 65 185 195 1 oo 1UU 100 iiiii i • i i i i * < 100 loo 60 100 100 100 "88" "93* 140 150 20 290 50 55 60 260 130 270 515 530 175 175 100 Preferred stock retirement b Sept. 28, c The South Jan. 21, on 305' 100 100 100 Sale price, t Branch of Savannah. a 140 price, 1938. Shore National Bank of Chicago, 111., opened for business 1939. d New stock. e Affiliate of the First National Bank of Atlanta f March 0 June 30, 1938. < Common and preferred n Reserves. r Combined x Ga. 7. 1938. tatement. ^Cx-stock dividend. stock or capital debentures outstanding, Feb., 1939] BANKS National Banks Dec. 31 Dec. 31 Surplus & Profits National Banks 3 Dec. 31 LOUISIANA Gross Ask Bid Par Deposits 103 COMPANIES State Institutions IOWA Capital TRUST AND Institutions Dec. 31 Gross Surplus & Profits Capital State Par Deposits Bid Nomt nat BurlingtonFarmers & Merch 8 B Nat Bk of Burlington 125,000 2,380,775 100 3,039,011 64,166 54,634 200.000 100 107,573 1,882,715 200,000 500,000 250.000 People's Sav Bank. United State Bank.. 25 2,681,518 29,249,754 4.591,603 1,050,782 160,244 38,014 100 N 20 150.000 150.000 Oeun Bluffs Sav Bk First National Bank Common. Preferred State Savings Bank | 2,702,926 4,216,355 cent les 68,370 1,493,693 /100 1,807,551 100 dOO 1,183,306 600.000 1.000,000 1,000,000 11,442,998 1.500.000 1.200,000 J, 1.500.000 Preferred. Louisiana SB & T Co Whitney Nat Bank.. Des Moines— J100 125 34,357,806 /100 88 10,769.459 I 80 I Uoo 718,366 (20 50,747,118 22** 23** \20 919,187 f20 23** 24 20 25 30 25 53,788,968 1.200.000 73** 120 208.000 2.800.000 181,611 2,718,733 6,718,776 121,472,350 1.000.000 1,000.000 700.000 1,075,491 798,893 310.255 8hre?eport— Bankers Tr. Co— Common Preferred 400.000 600.000 Cap City State Bank , 125 17,176,413 101,749 550.000 460.000 Preferred Des MoinesBk&TrCo 729,427 42 36 c25 125 160.000 Cent Nat Bk & Tr Co Common , 976,649 105' 20,605,968 /100 "55" 50 1,755,911 130 National Banks clOO 1100 45.686 160.000 120 115 100 2,890,515 First National Bank. Commercial Nat Bk. Cont'l-Am B A Tr Co 100 8tate 140 145 100 125 100 29,980,632 21,073,674 10,302,805 MAINE Dec. 31 65 iewa-Dea M nines N at Bank A Trust Co: Common 20 110 Bk 100 27.097,924 J 429,329 share. 18 H I10 New Orleans— 100 DavenportDavenport Bk A Tr. 300,000 240.000 Nat Bk of Commerce Common 1100 j 437,837 10,809.789 Amer Bk & Trust Co Common Preferred Hibernia Natl Common Preferred 100 95,464 34.000 36,000 100.000 re 100 111,795 172,015 Per 300.000 240,000 o sa 50,000 Council Bluffs— City National Bank Baton Rouge— City National Bank Common Preferred Louisiana Nat Bank Common Preferred Cedar Rapids— Guar Bk A Tr Co Merchants Nat Bank Ask Nomi nal. share. Per 100 135 105 Institutions Dec. 31 * Nomi nal. / ,750.000 / Preferred , 38,459,847 1100 1100 100 291,391 100 4,637,922 946,251 ,250,000 University State Bk 60. OUt; 150.000 Valley Sav Bank 22,628 265,490 Augusta- 150 130 -95" no" 112 share Per First Nat Granite Bk d Depositors' Trust Co 825,000 8,018,279 9,825,236 100 701,515 404,169 502,348 1.000.000 200.000 292,905 993,336 8,624,396 7,476,621 100 100 11,896,650 | 20 mm-mm- 126 25 31 33 Bangor— Dubuque— First National Bank 470,206 148,970 300,000 250.000 Amer Tr A Sav Bank 8ioux CityFirst National Bank Live Stock N at Lank Merchants' Nat 100 10,097,552 4,521,045 257,836 400,000 275.000 100.000 Naixonal Banks 359,327 88,389 228,570 sa Preferred 600,000 Canal National Bank Casco Bk A Tr Co First National Bank. Nat Bk of Commerce Preferred A American Nat Bank b b 150.000 150 000 0 71,657 139,745 250.000 300,000 1 442.000 220,355 200.000 100 3,483,628 2.291,892 4,458,860 220,073 155,939 71,410 J 524,628 600.000 200 .C00 0 les sa I 20 488,238 400.000 332,152 561,490 22 25 29 32 20 f 100 40 10,987,024 , 105 100 25 8,279,476 4,146,214 5,258,948 6,651,692 491,750 ) 450,000 [ 83,250 J ... Preferred B 201,150 260,931 400.000 Portland Nat Bank— Common Dec. 31 Nomi nal. Per share. First National Bank 600.000 • Portland— Butchlnaon— Exchange Nat Bank N recent Common les State Institutions KANSAS Dec. 31 o re cent 6,083,279 10 5.514,168 MOO 100 6,629,468 100 5,821,761 100 2,307,858 272,554 300.000 260,000 Toy Nat Bank Security Nat Bank.. Woodbury Co Sav Bk Eastern Tr A Bkg Co Merrill Trust Co— 100 n Bk. 37 40 65 50 72 c40 40 1 50 _____ mmmmrn— N o 100 re 100 sa cent Nation*' ft inks Dec. 31 les State Institutions MARYLAND Dec. 31 Kansas City— Oemm'l N Bk of K C Common Nomi nal ... Preferred Exchange State Bank First State Bank 75,000 Baltimore- 14,192,522 I 10 I 10 100 3,502,015 1,272,791 109,000 1 91,000 / 100,000 Preferred Bivervlew State Bk 264,664 Preferred Calvert Bank Canton Nat Bank. uoo 470,351 Leavenworth— First National Bank Leavenworth Nat Bk 150 000 153,649 250,118 150.00C 50.000 Manufac'rs State Bk io<» N o 100 100 2,274,931 2,720,392 840,933 27,242 re cent sa les 600,000 Citizens State Bank. d Fidelity Sav State Bk 412,617 400,000 77,500 200.000 277,313 0 i0< 10.988,286 936,970 559,784 2,133,349 7,575 67,113 190 Common 70,000 130,000 ... Preferred State SavtnKS J 60.000 200,000 600.000 100,000 Bank. Topeka State Bank.. d 100.000 1,000,000 1.000.000 100,000 200.000 125 Kansas State Bank.. Southwest Nat Bank Union National Bank 150 75 175 1,507,861 125 Common.. Preferred J! Union Stock Yds Nat d 31,102 237,851 108,000 92,000 j 169.148 100.000 _ 25,674,881 22,964,807 1.024,996 2,354,283 1.086,567 26.035 200 205 101 State Institutions Common... 200.000 I 25.000 550.000 150.000 Peop-Llb Bk A Tr Co d Coving to DTrABkgOo d 239,467 87,411 300.000 Preferred 272,509 355,201 5,914,333 100 / 10 \ ' 110 17 share 120 First Nat Bk & TrOo Second Nat Bank.. Union Bank & Tr C< Security Trust Co... 350.000 1.000.000 150.000 150.000 600.000 100 1.087.815 375,000 236.491 5,803,555 1,669,419 50 10 20 Citizens' Nat Bank.. Farm A Mech N Bk. 507,693 __ 42 20 31 35 25 12 100 15 17 25 67 70 12** 13** { 10 3,881,799 272,267 4,214,356 1,660,191 394,000 165,100 5,841,999 100 70,598 1,522,813 125 99.500 500,000 224,416 6,511,340 5° 211,108 3,360,841 100,000 125.000 933,865 498,174 5,006,934 5,156,097 100 25 75,000 51.300 99,355 1,723,521 115 150.000 150,000 390,979 46,686 4,254,811 1,570,984 115 100 10 90.000 397,000 200.000 150.000 94,588 316,114 239,716 70,273 1,694,967 5,737,606 100 4,105,506 1,900,288 25,674,812 50 1,669,935 100 60 31,928,820 40,617,989 100 510 10 226 530 83* 9** 110 120 130 155 17 18 ~60" "65" 135 j 15 c25 Hagerstown— Farmers A Merc Bk. Nicodemus Nat Bk_. Second Nat Bank Hagerstown Trust Co 2,860,594 ""30"" "37" 6 100 110 10 o cent les 10 10 112 1,487,849 / 10 4 10 National Banks 8 14,526,889 3,200,000 2,963,617 4,007,668 6 75 30 MASSACHUSETTS 5to"«i<ws Nomi nal. Boston— 73,531 "mm 57 10 \ 200.000 1 Preferred mm 4 10 "mm mmm Liberty Trust Co— Dec. 31 Common 1** 10 150.000 298,500 Capital notes Second Nat Bank.. LexingtonBank of Commerce.. d Citizens Bk & Tr Co 10 * — -m-mm — Peoples Bank— FV'k Town Sav Inst. West Maryland Tr.. Dec. 31 4,655,572 50 3.000,000 d Frederick Co Nat Bk Common Per 450,972 70 Frederick- c62** 50 Nomi nal. 200.000 37,283,763 * 50 100 100.000 First Nat Bank Common M'i Covington— CitizensNat Bank. First Nat Bk & Tr Co 1.000.000 120 352,797 10,418,419 149,901 3,735.785 230,887 1,565,015 212,415 1,265,107 6,659,524 170,103,317 496,665 6,405,064 766,443 5,128,165 547,358 12,445,535 138,623 1,973,302 I,300,000 37,377,770 942,436 18,877,375 1,000.000 II,170.000 Capital notes lUl 3,883,312 I W'« KENTUCKY Dec. 31 370,000 300,000 80.000 300.000 000.000 1,650.000 1.500 000 600.000 2.000 000 Preferred National Banks 24 400.000 600.000 Common 100 1 20 Cumberland— 75 iu< 1,002,253 flO 750.000 400.000 2,000.000 125 1.583,298 1.428.711 6 36,730,532 Western Nat Bank. Colonial Trust Co.. Safe Dep A Trust Co Union Trust Co WichitaFirst National Bank. Fourth Nat Bank 4 Mercantile Tr Co.. Real Estate Tr Co. 100 640,000 7,107,695 9,195,621 179,583 552,625 32.344 49,284 4 Capital notes.. 110 1150 60,000 10 Common 100 1,056,498 1100 50,355 5,596,572 Nat Cent Bk of Bait Nat Marine Bank.. 100 Guaranty State Bank Kaw Valle> State Bk Merchants' Nat Bk. Nat Bank of Topeka i Equitable Trust Co Fidelity Trust Co. Maryland Trust Co Topeka— Central Nat Bank Central Trust Co i Carrollton Bk of Bait Oommonw'lth Bank. First National Bank. 100 4,878.042 share 381,215 600.000 11,143,683 800.000 Common noo 5,930,491 500.000 Baltimore Nat Bank Security Nat Bank.. Common Per Bait Coram'1 Bank 50 100 43* ""98" loo" 300 100 165 175" 100 320 330 Per First National Bank. 27.812.500 52,371,683 662,094,181 12** Merchants' Nat Bk. 3.000.000 5,663,442 10(1 87,633,851 Nat Rock Bk of Bon 1.500.000 2,863,608 31,996,263 20 Nat Shawmut Bank. 10.000.000 20.851,251 179,987,176 12 J* Second Nat Bank 2.000.000 4,770,172 25 78,564,956 Web A Atlas N Bk.. 1.000,000 447,815 13,696,294 50 38** 350 58 21** share- .v39 #55 61 212* 125 129 41 45 Louisville— Citizens' Union N B. Fidelity A Colum Tr. 1,000.000 2.000.000 First National Bank. 1.000.000 Liberty Natl Bk A Tr dl People's Bank Security Bsnk.. KentuckyTitle Tr Co Q\ Lincoln Bank & Tr. Stock Yards Bank. Louisville Trust .800.000 100.000 300.000 .000 000 750.000 100 OOO Co dl 980.000 United States Tr Co 525.000 2,873,032 1.711,342 2,603,378 361,286 0 66,958 174,644 1,046,096 651,011 128,675 1,123,958 105,663 57,135,813 1001 /265 275 8,562,097 1001 39,266,988 100 91 95 24,611,589 23* 2** 3 3* 10 1,077,071 10 100 2,896,271 100 5,137,101 101 100 13,922,666 140 mmm 1,485,819 15,352,462 1,419,804 100 10 200 63* 100 Sale price. a New stock b Effective Kan., c was Dec. 1, 1938, the Exchange National Bank of Hutchinson, absorbed by the American National Bank of that city. Retirement price. d Common and e Sept. 28, preferred stock or capital notes outstanding. 1938. " mm- 8" 38 / Citizens q Union Fidelity unified certificates. Affiliated with the First National Bank of Louisville. h Member of Northwest Bancorporation. Newport— American Nat Bank. Newport Vat Bank » 100.000 IOO OOO 133.138 481,795 1,736,127 5,801,473 100 1001 k Units ...... "l250" I Last Sale. o June 30, 1938. AND BAMS TRUST National Banks Na&ru MASSACHUSETTS am'iTTon' Capital COMPANIES Cross Surplus & Profits Bict Par Deposits State Institutions MICHIGAN Dec. 31 Ask Capital Dec. 31 Cross Surplus & Profits Nomi nal. Per Boston— share. Boston 8 Dep & Tr_. 2,000.000 4,038,821 35,545,238 Columbia Trust Oo__ 100.000 238,512 Day Trust Co, 1,250.000 Fiduciary TrustCo.- It 500.000 1,000,000 <5.000.000 I,803,594 911,179 3,381.795 5,277,279 2,321,529 12,327,187 2,176,562 32,388,722 None <10 400,000 3.890.000 437,700 8,192,856 6,339,947 c86.184.092 100 165"" 100 253 New Eng Trust Oo__ Old Colony Trust Co Pilgrim Trust Co— State Street Tr Co.- . 100 r280 100 100 50 50 r400 Norn inal. Detroit— Per Common 1,500,000 3,610,000 3,000,000 100,000 -- Preferred — Mffra National Bank- Michigan Ind Bank Convertible pref-Wlnthrop Trust Oo_. 10 12,628,631 I 10^ 12 10 700.000 II,218,096 450.000 141,922 100.000 13 15 d 100 2,561,756 7,500,000 9,500,000 Commons 100 4,062,272 cl,523,889 100 160 160 Preferred __ Common 623,614 300.000 300,000 500,000 Common Cambridge— Cambridge Trust Co County Bk & Tr Oo. Harvard Trust Oo_. 150.065 300,000 1.000.000 Highland Park Trust 6,988,742 60 Un Guardian Tr Co. 668,562 c6,593,722 485,085 4,490,763 1,168,532 c20,594,212 106 425 440 10 12 Olt Com & Savs Bk. 66 68 Genessee Co Savs Bk Everetc— 773,562 10,533,054 100 100 100 210 100 76 7.283.962 100 Fall River Nat Bank 400.000 Durfee Trust Co 427,500 Fall River Trust 800.000 267,501 556,810 300,060 Fitohburg— Safety Fund Nat Bk. 600.000 892,516 105 20 42 43 24 26 23 25 "10 1,751,400 f 20 i 20 ; 693,509 0 754,792 376,257 77,511 409,715 250,000 Common 287,801 4,479,796 100 20,057,173 8,895,670 3,074,527 5,885,474 20 100 100,463 17 20 20 22 24 20 18 21 1,433,817 20 10 12 j 469,624 11,779,216 20 14 16 476,817 8,159,925 20 s 247,588 167,536 252,955 150.000 120,000 290.000 500,000 195,000 - Preferred Old Rent Bank— rec ent 100 2,843,286 1,441,789 3,579.419 400,000 \ 175,000 Common 10 sa les 20 Common Preferred Grand Rapids Tr Co. Union Bank of Mich * - Haverhill- Michigan Trust Co. 961,150 184,927 200.000 300.000 /20 20 Peoples Nat Bank— No Haverhill Nat Bank. Merrlmack Nat Bank 26 Nat Bk of Grand Rap Olouoester— Gleuces 8 D & Tr Co 1 g g 250,000 400,000 Central Bank Preferred Gloue Nat Bk of Glou 24 10 V 10 i 8,597,729 414,104 Grand Rapids— Fall Elver- Cape Ann Nat Bank. 43 10 6,439,589 c7,787,634 c3,491.232 42 20 21,423.950 f 113,721 *1,000.000 1,000.000 Nat Bank of Flint 600.000 10 25 Flint— 10 20 Merch & Mech Bank Middlesex Co Nat Bk 100 1,970,279 ffl0,694,285 1,000.000 150.000 500,000 50 408,015 444,297 2.0 V) ,000 Preferred 53 20 8,211,308 |13227615 309,660 1 226,340 Common Preferred Detroit Trust Co— Preferred Heme Nat Bank.. 51 Equitable Trust Co— Brockton— Brockton Nat Bank 49 "55"" loo"" 50 391,573,872 500,000 11,610,399 850,000 377,467 1,200,000 364,112 500,000 Common Bankers Trust Co 291,089 89,726 300,000 100.000 4,432,595 126,103,116 29,063 388,268 TJnlted Savings Bank Wabeek State Bank. Beverly— Beverly Nat Bank.. Beverly Trust Co— 270 137,975,217 f 20 [ 20 Jl,750,000 share. 250 50 Nat Bank of Detroit- 260 Preferred U 8 Trust Co— Common 1,267,095 c60,695,144 Commonwealth Bank *3,700,000 Detroit Bank > Ask Bid Par Deposits 1,000,000 1,500,000 400,000 250,000 1,200.00b 17 15 10 /10 10 ,1,822,802 131,616 383,299 661,923 28 43,064,406 10 26 10 10 g 1,145,103 20 8 10 50 17 20 g 2,710,656 1.727,351 20 13 16 24 15 100 5,764,888 2,201,941 10 Saginaw— Holyoke— Second 275.000 380.000 138,024 7,476,144 / 50 100.000 Preferred 144,000 Hadley Falls TrOo.. *1.400.000 188,433 2,600,868 J100 1100 Common Preferred Park National Bank LawrenceBay BtateMer Nat Bk 249,532 c 59 y2 9,602,984 20 319,914 6,599,360 170,264 5,884,946 20 2,166,806 28,435,478 300.000 433,800 3,817.830 100 1.000.000 619,189 10,813,672 Common.. 200.000 139.696 Preferred 190.000 200.000 25 135 125 24 20H LynnCentral Nat Bank— Manufac'rs Nat Bk. National City Bank Common Preferred Essex Trust Co Lynn 8 Dep ic Tr Co Security Trust Co... New Bedford— First National Bank. Merchants Nat Bk.. Safe Deposit Nat Bk 200^000 250.000 250.000 100.000 400.000 718,000 500.000 425.000 Peabody— .. 200.000 3,269,129 f 50 I 50 3,049,614 100 302,416 }. 62,583 2,511,242 I 1 476,191 604,896 749,153 230,923 550,000 473,600 69,934 100 3,686,690 9,259,574 100 20 Preferred....... /50 Third Nat B iT Co 119,809 3,231.581 6,790,208 7U Springfield 8 1) & Tr. Union Trust Co West Springfield Tr 194.250 100.000 Central Nat Bank. * 100.000 n h 100,000 k 1 15 17 15 Nat Bk. b 267,891 303,842 2,258,980 4,304,075 Rochester— First National Bank 7y 280 295 57 H 25 57 X 30 100.000 Union Nat Bank.. Guaranty Bk & T Co Worcester Co Common 48.183 200.000 Bank 145,595 69,000 *1 .688.000 150.000 25 25 .. 100.000 P RmpireNatBkATrCo ik Stock Yards Nat Bk. * 14,854,605 1100 1100 10 4,998,798 130 135 465,000 300.000 100.000 "17"" "20" Preferred Flr?t Trust Co. * I10 110 18 16 m 152.600 pi Sale price, Tr Co Olas* A 100 6623 1,108,822 100 5,486,442 100 16,651,904 1100 1,948,638 blOO 125.000 P * Common 1.000.000 12,238,707 c34.105.110 2,000 000 1,051,424 121,623.90911100 100 i 7H 7H I 1,516,199 1,109,314 1,739,981 2,991,515 1,211,229 b. (. 1100 1100 No re cent sa les 5,089,446 plOO 1,890,000. 100 8fc. PaulAmerican Nat First State Bank 100 Mechanics Nat Bank Preferred 100 30,234 291,037 485,722 40,610 709,463 26,662,499 100 403,290 4,590,270, 100 1,886,184 100 58,277 7,740,516 115,322,776 plOO 116,785 2,234,339 100 7,498,666 100 221,561 5,342,793 1100 178,466 Midway Nat Bank— 500.000 11,019,376 400,000 300.000 238,805 les 11.675,633 blOO i.„_ <100 b 20 85.600 Commercial State Bk k Worcester— Common... cent sa 2,270,411 1,895.757 1,734,563 7,876,258 145,243,305 5.000.000 13,897,119 Preferred 1.500.000 b Produce State Bank 37,020 100.000 i 14,472 2d N'west'n State50.000 126,349 Third N'west'n N Bk i 100.000 k 4th Northwest Nat'l 125.0O0 135,698 University State Bk. * — 200.000 300.000 o 100 34,907 34,105 Common 65 10 100 25 N 6,702,615 120,532 _ N B DrovExchState Bank ok 200.000 First National Bank po.000.00o Machinists* Nat Bk. Bristol County Tr... 231,385 452,505 47,380 14,905 150.000 100.000 First NatBkA Tr Co b6.000.0ou Fifth No'west Minnehaha 10 14,747,957 29,354,821 15,685,066 13,694,047 2,176,640 1.000.000 loo.ooo Hennepin State Bank b 376.000 Marquette Nat Bank * Midland NatBk & Tr *1.000.000 10 33 10 662,774 2,902,105 1,350,913 1,853,307 95,382 Bank Blooming'n-Lake NB 48 60 903,113 1.500.000 1,000.000 1.000.000 400,000 Western Nat. Bank. share. 7,045,173 1,989,589 30,328,996 100 100 50 100 Minneapolis— 235 350 46 100 250.000 200.000 887,997 re 600.000 City National Hank. * Dumth Nat'l Bk 200.000 First & Amer Nat Bk 2.000.000 39,935 336,881 40,058 .,218,932 N'western Nat B A T 275.000 ttpringfield— Springfield Mat Bank *2.000.000 Per 100.000 Pioneer Nat Bank.. 100 Naumkeag Tr CoCommon. Nomi nal. Northern Nat B&len— Merchant* Nat Bank Institutions Dec. 31 Duluth— Bank of Coram A Sav of Duluth 50 6,867,630 20 9,526,599 5,598,243 12 H 1,914,293! State MINNESOTA Dec. 31 Minnesota Nat Bank 50 50 5,437,368 c /250 75 70 25 Lowell— Appleton Nat. Bank. Union Old Lowell 25 100 & "iH 25 Warren Nat Bank Bank National Banks 600.000 National Bank Nat Tr Co 50 I Common.... Taunton 357,000 1,250,000 Saginaw State Bank. * Holyoke Nat Bank f No .000.000| par. J 278,747 1014 2 10H 4,854,495') 100 454,315 100 'plOO I b First National Group Includes savings deposits. e d Convertible preferred stock entitled In liquidation to $20 a share / Retirement price. g Trust balances. h Juno 30, 1938 Member of Northwest Bancorporatlon. i * Common and preferred or capital debentures outstanding / Last sale. 0 American National Bank of St. Paul affiliate, p National Banks Dec. 31 MICHIGAN New stock. < Dec. 31 Stock has to be offered to board ot directors. $ Institution1 State Member of the First Bank Stock Corp. r Affiliate of First National Bank of Boston. , Deposit liability of the National City Bank of Lynn, Mass., has been assumed by the Essex Trust Co. of that city and remaining assets are being liquidated by the FDIC. u Nomi nal. Per Bay City300,000 Bay City Bank . 400.000 Natl UK of Bay CityPeople's Commercial it Savings Bank— *1,000,000 48,104 2,625,522 6,092,184 9,846,758 20 share 100 759,823 100 28, 1938. v N cent Sept. y 50% z Ex-dlvldehd 0 re 332,015 sal les r stock dividend paid. First Bank Stock Corp. • Feb., 1939] BANKS \ National Banks ) Dec. 31 MISSISSIPPI TBUST COMPANIES Institutions State National Banks Dec. 31 300.000 525,148 100.000 50.000 Oommerc'l Bk&TrCo Depot Gu Bk a TrOo 740,000 b 297.000 Jackson-State n Bk. 13,482 414,222 363,862 8,207,242 Capital 10 858,466 12,291,213 7.817,795 60 "15" 100 "12~H 140 125 100 150 Citizens Nat Bank. First National Bank. Mer a Farmers Bank 261.700 116,653 185,005 91,757 3,287,950 3,254,115 4,122,706 100 80 85 50 68 50 51 54 600.000 300.000 197,990 284,221 5,565,529 5,432,716 Vicksburg— FIrtt Nat a Tr Oo._. March NafcBk£tr Oo National Banks MISSOURI Dec. 31 insWutu State 70,986 1,805,200 145,820 100 100 Common Preferred... 150 Community 8tate Bk First National BankInter-State Nat Bank Llnwood State Bank. Merchants Bank. Merc Home Bk $ Tr Common Oapital notes 58,521 4,765,039 1,369,223 71,513 187,451 100 100 135 100 200 225 336,512 8,556,845 100 94.600 Columbia Nat BankCommerce Trust Oo 1,999,704 25,530,362 6,487,109 158,436,503 1,336,200 121,544,086 20,149,290 1,498,298 3,433,534 59,963 Missouri Bk a Tr Oo Common Preferred Park National Bank. Plaza Bank of Oornm Produce Exch BankSoutheast State Bk.. 4,811,284 105,400 50.000 200,000 100.000 26,573 75,200 120,318 49,045 50.000 25,402 50,000 400,000 272,341 100.000 South Side Bank— Common. Preferred "tock Yards Nat Bk. Traders' Gate Oity k 100 70 100 153 100 70 460 295 100 100 1,388,076 /100 1100 100 1,575,205 100 3,300,393 2,683.216 1,118,337 — — mm mm - 80 160 90 490 170 115 130 26,148,981 Preferred Omaha— First Nat Bank Common Preferred 1.500.000 500,000 Packers' Nat Bank: Common 1,441,809 819,844 2,024,372 fTniversity Bank National 115 100.000 Weetport Ave Bank 100,000 al00 \100 20,123.145 10,380,199 100 26,616,277 12,704,765 20 35 100 160 44,287,109 /100 1100 190 Jl,665.304 75,293 2,486,631 51,846 100 925,431 140 225 160 275 38 200 /loo 1100 380,000 1 96,585 270,000 el.100,000 1,135,043 e Banks 25 7,046,766 (100 1100 24,727,796 100 NEVADA Dec. 31 100 100 Nomi nal. Reno- Per First Nat Bk of Nev. d lit. shat e. 9,824,238 rioo 571,374 781,154 117,000 \ 83,000 50,000 , 100 149,062 1,083,834 475,604 1,500,000 450,000 Live Stock Nat Bank Omaha Nat Bank— 110 125,513 14,661 191.512 Dec. 31 8,514,854 62 x 1.100.000 ioo ,ooo Institutions State NEBRASKA 312,500 1 290.000 850.000 300.000 e First National Bank. Nat Bk of Commerce Preferred. 132,049 les Per o s Nat Bank 682,709 /100 1100 100 6,783,359 681,906 7,040,149 J100 1100 cent 0— Nomi nai. Preferred 100 550,000 9,783,085 (7100 120,147 100 100 Lincoln— Oon tinental n atBk— Common South Omaha Sav Bk Stock Yards Nat Bk Common 100 1.000,000 Preferred Union av Bk of Oom 285 297,651 National Banks Dec. 31 200,000 196,000 City Nat Bk a Tr Oo 600,000 250,000 230,000 12,425,441 1,205,704 13,327.670 Helena— ns 107 879,636 41,642 645,013 4,586,056 (7100 3,114,300 100 100 3,087,081 o •Urst Nat Bk a Tr Oo Union Bk a Tr co— Nom inal Per share. 100,000 600.000 500.000 6,000.000 100,000 2.000.000 500.000 100,000 200,000 300,000 100,000 600.000 Metals Bk a Tr Oo. Dec. 31 Kansas City— Baltimore Bank Nat') Bank. Union Nat Bank— Common 125 100 223,201 163,170 199,881 150.000 Butte— 8 350 000 200,000 100,000 First National Bank. Miners Nat Bk 70 239,500 _ Ask Nomi nal. Per share. Billings— Midland Nat Bank Montana Nat Bank. Sec Tr a Savs Bank. 160 Meridian— Bid Par Deposits % share. 50 / 30 140 Gross Surplus & Profits Bid Par Deposits Per Preferred State Institutions Dec. 31 MONTANA Dec. 31 Nomi nal. Jaokson Capital National BkCommon 105 Cross Surplus & Profits Capital AND 600.000 1,103,201 28,237,428 share. 100 Joseph— American Nat Bank. Burnes Nat Bank... First National Bank First Trust Oo.__... FirstStJosSt'* YdsBk Tootle-Lacy Nat Bk. Umpire Trust Oo Jfc Miosourl Vail Tr Oo. * 200.000 200.000 600.000 100.000 250.000 200,000 200.000 227,933 267,949 428,828 146,447 104,606 273,601 126,765 71,930 129,000 8,270,445 4,139,576 7,685,990 2,991,205 3,450,944 7,606,117 2,869,893 1,172,616 100 100 n IMtaal M* Dec. 31 o re cent sa 100 100 s les N£W HAMPSHIRE 100 Nomi nal. Per share Manchester— 100 Amoskeag Nat Bank 200.000 Manchester Nat Bk 150.000 Merchants Nat Bank *00.000 932,401 595,858 269,807 Indian Head Nat Bk k 200,000 491,976 Nashua Trust Co.— Jfc -tecondNatof Nashua k 400.000 550,384 600.000 542,198 St. Louis— 107,5001 72,785 t: Boatmen's Nat Bk.. Bremen Bk & Tr Oo. Cass Bk a Tr Oo 275,000 2,000.000 400,000 37.855 2,549,374 2,144,412 54,946,658 313,497 5,352,903 212,926 5,550,701 8,282,546 237,086,397 569,881 11,383,793 300.000 10,200,000 Industrial BkATrCo Jefferson Bk a t OoOommon 600.000 200.000 1 75,361 Oapital notes Jeff-Gravois Bank.. Lemay Ferry Bank— 3,406,516 200,000 J 600,000 148,045 J20 10 20 2,283,985 92.500j First Nat Bank 15 100 70 20 100 33 100 17 6,555,683 Common Preferred Manufacturers 50.000 50,000 33,867 a Trust Oo 600.000 500,000 450,000 200.000 350,000 Manchester Bank Mutual Bk & Tr Co.Plaza Bank (The) ^ Bee Nat Bk SavsATr Southern Oommerc'l 20 100 100 104 34 H 35 70 80 N O 100 re cent 100 sa les 560,345 241,926 280,093 130,423 682.787 11,196,643 5,984,306 10,008,351 3,950,479 16.589.918 421,000 South Side Nat Bk— Telegraphers Nat Bk Tewer Gr Bk a TrCo 1.000.000 United Bk a TrOo.. 64,462 183,443 207,025 838,388 349,703 1.000.000 400,000 500.000 Chippewa Trust Oo_ * ■aston-Taylor Tr Oo k Lindell Trust Oo 340,000 > 250.000 4!k).000 205,303 49,042 257,777 Common Preferred 250.000 1 75.000 20 14 100 95 20 100 145 100 22 105 N 0 100 re cent 100 sa les NEW JERSEY State Institutions Dec. 31 17 Nomi nal. mm — mm Atlantic City— Per Boardwalk Nat Bank 165 400.000 50 694,367 120,000 343.783 500,000 99,687 share 100 150 1,746,934 /100 I 10 5,483,926 a30 6,241,204 Bankers Trust co— 100 20 19 Guarantee Trust Oo. 4,596,009 15.765.919 9,564,275 100 115 Equitable Trust oo— 20 29 100 75 3,199,931 3,105,491 5,450,363 20 100 20 7 Preferred 31 78 Common 325,598 5,643,678 3,108,517 101,593,651 25,682 2,668,885 100 4 25 Vi 25X 100 40 128 4X 26 50 100 94 2,993.536 100 175 6 225,000 1.184,565 580.500 203,345 5,902,365 100 65 65 300,000 Preferred 163,669 156,890 108,973 2,646,235 1,089,807 10 8 10 36,286 374,950 1,762,701 10,205,998 78,974 2,164,860 4,983,681 1,493,772 1,468,537 /100 I 10 Asbury PkNatBk a Tr k Asbury Park A Ocean Rank...... Seacoast Trust Co 100.000 Bayonne— Broadway Nat Bk Bayonne Trust Uo_. * 200.000 400,000 "~23"~ 4,159,116 7,136,930 20 251,404 Asbury Park— 75 35 merce Nat'l BankMiss Val Trust Co.. Meund Oity Tr Co Nertb St Louis Tr Oo 100.000 1,522,192 Dec. 31 3,202,152 4,642,407 126 735,000 3,143,777 (100 38,360 85 50 100 k 94,433 200.000 — New Hamp Nat Bk. National Banks a 6,081,747 164,566,634 332,467 313,347 218,095 100 First National Bank. Grove 300.000 300 (135 —mmmmm "*20"" Merc Oom bat Oo- 10.000,000 Mercantile-Ooin- 360.000 .000,000 244,559 100 Portsmouth— Common a Savs Bank..... k 100 100 60 1100 > 34 90 100 988,842 /100 Bank Nerthwest'n Tr Oo WebsterGroves Tr 6,078,295 6,393,438 6,556,709 100 5,768,678 3,054,122 3,413,430 Nashua— Amer Exch Nat Bank Common Preferred Baden Bank Sgg*" 100 5 3H 4 50 100 75 100 33 75 42 100 20 12 14 Bridgeton— Bridgeton Nat Bank k Cumberland Nat Bk. k Farm a Mer Nat Bk. k 244,100 575.000 249.500 251,655 103,803 85 Springfield— Citizens' Bank Onion Nat Bank * 290.000 * 594,000 Southern Missouri Tr k 100.000 4.610 393,337 94,449 2,624,954 10,905,641 2,257,613 100 » 100 100 a Sale price. Retirement price. b Sept. c 28, 1938. June 30, 1938. d Owned by the e / Includes q Transamerica Corp.. San Francisco, Calif. Member of Northwest Bancorporation. reserves. Member First Bank Stock Corp. h Reserves. Jfc Preferred stock and common stock or capital debentures outstanding. ZLastsale. s t Member of the Guardian Preferred stock retired. , Detroit Union Group Inc . Detroit. Mich. AND BANKS 106 National Rants NEW JERSEY Dec. 31 Surplus & Profits Capital COMPANIES TRUST Institutions State Ranks National Dec. 31 NEW JERSEY Dec. 31 Par Bid Capital Ask Cross Surplus «fc Profits Cross Deposits Nomi nal. Per share Nomi nal. Oamden— FlratO&mN atB&TOo d2,177,891 Merchant ville Bank & $ 981,989 Per $ 24,401,694 12H share 3X 4X Nat'l 222,500 d2,734,750 77,007 1,350,146 200.000 50,784 95,600 769,165 306,254 Trust Oo. d Camden Trust Co 1,308,984 32,266,019 4 10 X 3 IX Ampere Bank & TrOo d3.156,000 Prospect Natl Bank. Security Nat Bank_. Treuton Banking Oo 18,574,541 ! I 200,000 200,000 1,500.000 dl.874,000 X 1 X 2K 1X — Elizabeth— Ellxabethport BkgOo d 400.000 National State Bank dl,294.000 Central Home Tr Co d Elizabeth Trust Co.. d 500,000 927.592 County Tr Oo dl.114.345 66,446 121,270 32,851 230,758 1,492,264 6,851,711 15,390,207 3,527,359 4,452,313 12,079,766 29,257 368,164 1,549,565 2,296,132 542,801 420,400 405,212 3,215,592 3.121,443 1,650,027 100 50 40 4 10 3 100 15 18 100 20 50 65 25 70 10 1 2 70 75 Woodbury— Farm Mechanics & 20 12 50 100,000 200.000 100.000 National Bank 10 50 10 5 25 First Nat Bk & Tr Co Woodbury Trust Oo. Preferred $ 15,531,268 38,229,925 1,074,391 1,318,319 21,293,621 22,495,030 $ 533.120 45 2,911,443 33 X Sav Inv & Trust Co: Common 2,400,439 58,005 67.106 1,180.821 363,440 dl ,000.000 Trenton Trust Co.-. East Orange— Union Trenton— Broad St Nat Bank "irst-Mech Nat Bk Ask Bid Par Deposits 2 15 10 ~6~~ 1 Hoboken— 100,000 500.000 Columbia Trust Co.. Seaboard Trust Oo__ 20 2M 10 National Ranks "3X State YORK NEW Dec. 31 Institutions Dec. 31 Jersey City— First National Bank2,225.000 1,620,857 Franklin Nat Bank__ d 400,000 n 35,064 Hudson Oo Nat Bk— 394,716 Common 1,250,000 47,144,871 100 3,474,665 37 X 31,964,908 53 50 4 4% ) 25 r30 Commercial TrNJ.. 3.400,000 N J Title Guar & Tr. d2.999,996 North Bergen Tr Oo. 100,000 86,827 3,183,057 651,073 28,611 ( 30 1,115,361 100 61,708,012 25 23,285,349 12 859,490 Tcust Oo of N J— Common 2,006,729 50,826,086 62,660 3,080,433 230,000 15,805 2,964,691 50 10\ Morristown— First National Bank. 500.000 150 614,568 200,000 600.000 7,648,714 7,003,385 1,720,212 9,965,513 25 National Iron Bank. American Trust Co.. Morristown Trust Oo 352,443 315,121 1,500,000 Preferred 100,000 Bergen Trust Oo 1,140.000 Preferred A 2.500.000 West Bergen Tr Co.. d 400,000 '20" 26X "28" IX 250.000 Mech & Farmers Bk_ Nat Com Bk & Tr Co 1,500,000 State Bank of Albany d2,870,000 first Trust Co dl,980,000 Nat Bank of Auburn «4 25 25,240 849,854 200,000 100.000 445,149 110,723 10 150.000 Lincoln Nat Bank Franklin Wash Tr Oo Mt Prospect Nat Bk. 600.000 884 000 125 15 50 150 50 2,944,900 1,616,897 100 National State Bank Clinton Trust Co d 526.980 Columbus Trust Oo. 304.000 Federal Trust Oo 1.622.500 Fidelity Un Tr Oo d7.250.000 Merch & Newark Tr. 2.600.000 d 336.300 Union National Bk United States Tr Oo. . 600.000 1.075.000 West Side Trust Co. New Brunswick Nat'l Bank of N J... d 100 100 25 16 7,171,187 1,251,452 8 3 45 2 5 1,441,504 1,905,291 44,587,361 100 62 24,597,338 500 600,994 3,122,537 100 25 66 525 19 8 148,309 2,032,640 1,293,946 33,050,587 8,073,610 151,433,430 1,934,239 16,825,440 133,246 3,325,019 571,623 3,849,314 417,888 11,383,964 4 105,343 10 7X 10 26 27 25 18 20 50 25 b 14 11 N 25 les 10 r30" 10 North & West Hu dson 289 283 100 000 42 ,750 251,017 1,523,355 I 501 50 40 r50 Bank ©f Weehawken 142.109 Liberty National Bk Guttenberg Merchants TrUnCity Oomw'lth Tr Un City Gutt'b'g Bk & Tr Oo 100 .000 500 .000 598 .500 100 ,00< 400 .000 Weehawken Tr Oo HudsTr Oo Un City. a 1,000 .001 • Woodcllff Trust Co.. d 145 .ooo Passaic— Passaic N Bk&Tr Oo d2.250.000 1.000.000 People's Bk A Tr Oo 27,605 31,762 377,288 134,059 108,468 17,534 1,984,863 338,592 7,145 127,828 53,733 559,011 57,152 824,103 Benaonhurst 264,927 175,000 Mid-City Trust Oo. d Plainfield Trust Oo. State Trust Co dl,150.000 247.500 100,000 d 100 20 20 banks Dec 160,700 92,459 680.000 521,277 600.000 102,000 294.400 51,987 54,621 600.000 1,185,587 175,000 .500.000 .000.000 793,801 2,062,517 31, ♦225 100 50 t 31, 5" 4X 1938 1938. 100 75 500.000 6,335,155 2,200,000 3,731,464 51.560,427 10 9X 146,993 8,334,462 7.661,085 2,308,019 94,304,622 10 7 9 10 21 23 158j509i919 1,881,459 770,545 10.930,846 14,547,174 20 155,360 489,471 5,124,736 9,257,529 IOO 325,840 12,784,904 200.000 r 240.000 ! 925.000 550.000 55,100 350,400 225,000 ! 500 000 1 8.200,000 222,800 341,800 5,734,714 50 100 33h 100 100 47 50 54 100 72X 100 1500 iKF Buffalo- Liberty Bk of Buffalo Common Debentures 2,500.000 Llncoln-E Side N Bk d 200.000 Mfrs & Trad Tr Co. 5.000.000 <8.000,000 Marine Trust Co <32 t ux 5 4X Elmira— Chemung Can Tr Co 800 000 First Nat Bk & Tr Co 1.237.50(1 Ithaca— First National Bank. d 550.000 650.000 60 58 25 7X 4 100 175 10 Bank of JamestownCommon 4 29,928,409 5,375,494 25 18 4,228,609 1,368,714 2 5 250.000 245,000 75.000 Debentures "A"__ Debentures "B".. 6 5 r20 rlOO 25 200.000 500,000. 749,158 7,760,464 inn 300 167,236 3,918,419 20 15 400.000 Nat Bank Nat Chautauq Co Bk Union Trust Co 455,751 4,592,365 <50 100 350 Kingston— 200 000 440,514 664 394 N 0 250.000 150.000 126,677 2 089,521 10 re cent 108,392 1,186,121 100 sa 150.000 Kingston Trust Co 7 60 485,971 521,365 4,052,661 6,425,037 100 550.000 1 es 100 7 25 30 25 Jamestown— Rondout Nat Bank State of N Y Nat Bk 2 21 11 25 and New York City— Deposits N ew York Ci ty banks are repo rted net are Dec. 31/38 Sur plus and p rofits are of aaXr of Feb. 4, 1939. 1938 for State batiks, a di ndend record for National and Dec. 31, of banks and trust companies in New Yo rk City and Broo klyn m ay be 201, 202. found in our "Rai I way Secti on, pages 1 97,198,199, 200, 25,800 k 5,889,700 ain.nno 6,000,000 13,716,436 174,095,000 20.000,000 26,178,211 486,031,000 769,538 k 7,182,220 i.ono.ooo Bank of New York-. N 25 o 100 re cent 100 1,133,358 17,680,993 3,929,367 sa les 100 Rk of the Manhat Co Bank of Yurktmwn Chase Nat Bank 100.270.000 135516709 Comm'l Nat Bk & Tr 8,297,693 7,000,009 Fifth Ave Bank 5(10,000 3,741,442 10,000,000 109072832 2,052,600 1.600,000 Merchants BkofN.Y 247,400 400,000 Nat Bronx Bank.. d 259,900 785,000 Paterson— First National Bk— Preferred 100 st Co. retur ns date Dec. First National Bank Grace Nat Bk of N.v Common 48 3,070,600 3,025,938 3,122,100 4,218,400 8,800,100 5,810,800 113,620,973 47,429,342 Bk Nat Amalg Bank of N Y Plainfield— First National Bk__. Plainfield Nat Bank Haledon Nat Bank_Nat Un Bk of America Brooklyn— State B ank A Tru PirstN Bkof Rondout Nat'l Ulster Oount> Bank of Kingston 100 1,408,247 1,270,740 6,072,739 5,809,899 3,554.402 8,736,850 25,053,227 1,419,487 362,070 9,282,622 10,354,268 7,828,112 861,328 577,447 The first 100, 4,611,833 I 32,300 100 136,488 396,004 Tompkins Oo TrCo. d o re cent 100 471.273 IstNat Bk of Un City d Nat Bk of W N Y— Common 6,622,920 6,348,120 252 18" sa Preferred 363,897 455" ------ 25 1,786,227 New Brunsw TrOo— Common 20 isx ■10 10,831,568 6,153,389 1 Peoples Nat Bk 384,071 428,585 46 400,000 600,000 Rings Co Trust Oo__ 1,465,519 9,558,604 867.500 300.000 425 245 50 1500.000 Klngsboro Nat Bank Lafayette Nat Bank. People's Nat Bank Brooklyn Trust Co.. 69,362 386,404 27,319 122.837 3.000,000 500.000 100 Bank- Citizens Bk of Bklyn Flatbush Nat Bank Nat Newark & Essex Banking Oo 100 Marine Midl'd Tr Co First National National Newark— Bank of Commerce of Newark 650 50 Mt. HollyUnion Nat Bk&TrOo Farmers' Trust Co. 100 Binghamton— City National Bank. Long Branch Bkg Co 3,161,123 77,376,975 99,019,529 33,481,366 400,000 695,000 d \x 5 r [IX 1,408.326 5,665,636 4,192,061 507,896 Auburn— Auburn Trust Go_5 Long Branch- Preferred Hamilton Nat Nominal. Per share' Albany— BX 13,693,156 flOO \ 60 190 1,219,587 20 2,245,164 60 14,197,113 I 1 16.872,129 29,852,789 50 160 372 16 J* 17X 40 45 2296785000 13.55 30X 91,030,000 50,739,000 523,318,000 100 155 32 X 161 100 710 750 £29,036,100 10 100 1665 k 5,482.600 100 100 k 8,751,200 50 1705 ""97" 103" 70 5,229,567 363 66*j 52 25 100 100 42 46 100 12 Paterson Nat Bank Common Preferred Second Nat Bank Paterson Sav Lnut . 50 20 50 '"30" 35 Prospect, Pk Nat Bk Common Preferred— * 100.000 50,000 432,787 ■ Preferred Hamilton Trust Co., Only outstanding stock of People's Bank & Trust Co. of Passaic, N. Realty & Security Co. price, t Marine Midland Corp. Is $1 par pref. stock of the Citizens Trust Co— Common Sale a I 50 600,000 594.000 139,602 8,534, 546 575.001 268,137 3,322, 102 600.000 750.000 345,412 J 25 11 10 b Includes 3 c Preference stock. 35 d Common and preferred stock or capital debentures e Represents capital, surplus and undivided profits. rl2X \12'i 10 c security stock. U S Trust Co— Common Preferred 13,074 750 /100 \ 50 25 / Includes preferred stock retirement outstanding. fund. q Includes h Affiliated with the Trust Co. of New Jersey, Jersey City, < Controlled k Dec. I n r u reserves. 31, by Marine Midland Corp. 1938. Last sale, Dec. 31, 1937. Preferred Reserves. stock retirement price. ' J. FEB., 1939] National B inks Dec. 31 NEW YORK TRUST AND BANKS COMPANIES National Banks Institutions State Dec. Dec. 31 107 Institutions State NEW YORK 31 Dec. 31 , Surplus & Profits Capital Deposits Ask Bid Par Westchester Co. Trust co. dote returns Bankers Trust Co... Chemical Bk & Tr Co City Bank Farmers' 12 29^ "2l" "23" 18 15 825.000 2.000.000 Fiduciary T* ost Co.. 1.000,000 Guaranty Tr, st Co.. 90,000.000 Hellenic Bk & Tr Co. 1,000.000 Irving Trust Co 50,000,000 Schroder Trust Co.. I.000.000 Lawyers Tr Co. 2.000.000 100,000 46^ 4,524,265 J 485,000 50 50 50 10 e 300.000 38,375 2,744", 137 12 X e 407,410 e 176,250 44,647 99,511 5,493,387 2,842,453 N. RyeRye National Bank-Rye Trust Co 48H 6H 7 20 86 89 10 43 45 55 65 5 15 10 10 8 50 25 9 10 20 14H 51X 100 '13 H Preferred National 251" 10 11 25 28 37K 50 K 4 A 40 143,370 7,265,546 100 17 22 183,839 5,400,490 25 22 27 1,004,749 14,508,154 20 "28" "35" 532,113 5.609,693 25 21 26 903,150 7,110,875 10 25 30 8,306,904 20 25 . 350,000 300.000 c & 39 K 86 25 ICO 20 100 Bank Yonkers Yonkers Nat Bank 246" 1,817,048 Yonkers— in 100 10 100 16 98,461 150.000 680.000 County TruBt Co First 215 11 792,000 Central Nat Bank... 200 3 50 200.000 1 e Peoples N B & T Co: Common lix 3,193,346 1,805,431 8 80,223 200,000 White Plains— Citizens Bank 11 13 50 Yx 448,661 235,000 e e Tarrytown N B&TrOo 20 89 Co— Common 400.000 400.000 Preferred 1 « Trust 1 jc 68,883 20 b Common 145129357 655,486,078 32.998,440 Convertible pref_. 9,244,520 Marine Midi Tr Co.. 9,252,669 105,908,416 6 000,000 New York Trust Co 12.->00.000 27,881,484 362,091,616 Pan American Tr Co 6 >0.000 142,100 4,396,900 Savings Banks Tr Co 2.5t 0.000 5,560,800 115,847,500 Title Guar & Tr Co- '2°5 25 25 5 18,666,847 { 20 7,243,132 11,554,500 89,044,984 156 e U 8 Trust Co of N Y 5K 100 80 100 1570 Jharlotte Nat Bank 341,900 3,294,151 4,793,380 11,650,257 6,576,059 63,825,823 90 440.000 467,808 600*000 578,882 300,000 .200.000 560,077 1,134,196 Durham— Bank 150.001' 500.000 Fidelity Bank Depositors Natl Rk. 100 3,367,400 Nal H«»me Haviugo R^nk Rochester— 55,175 1,273,062 166,074 434,829 c Mech & Farmers Bk- 16,394,208 4% Conv.Preferred 28 50 75 100 1,545,224 205 250 270 100 55 25 72 20 19 80 '21K 25 40 45 68,302 1,017,245 25 25 27 H Greenaboro— 31 50 J2.20l.222 294,619 600,000 I Capita] notes 1.170.000 Genesee VallTr Co.. 587,719 e2.250.000 Roch Trust & 8 D Co 3,879,198 1.000.000 Security Trust Co— Common 300,000 20 71,657,092 50 100 100 12,468,414 2,030,580 5,780,642 2,046,049 d 2.800.000 2,392,100 share. 20 104,264 200.000 300,000 lOn.non 214.000 Durham Bk & Tr Co Mncoln-AUia Bk&Tr Common 176,712 Commercial Nal Bk 1620 Jamaica, L. I.— e Per 200,000 Union Nat Bank.. American Trust Co. OK Jltisens Jamaica Nat Bank.. Nomi nal. Aiheville— First Nat Bk & Tr_. Oh&rlotte— 7,620,700 258,340 750,000 830,300 1.000.000 2.000.000 28,786,621 Debenture notes.. Trust Co of Nor Am. Underwriters Tr Co. 52K 200 / 10.0OO.000 13,271,705 Common 53 j 20 10 20 200.000 191,054 370,806 4.188,969 12,443,468 10 800,000 10 15M 16 790,000 1,358,380 19,155,184 25 70 75 171.500 300,000 127,478 755,636 2,740,142 6,538,217 25 30 35 10 30 35 400,000 324.960 [100 250 • Raleigh— "25 "~7A 16.480,624 34,682,409 16" 82 First Citizens Bk&Tr se 92 Wilmington |2,510,468 33,486,501 200.000 3.000.000 notes Union Trust Co: Common Capital notes 7A Guilford Nat Bank— Security Nat Bank- Central Trust Co— Common Capital 1,673,695 23,271 5 "16 100 100 J 500.000 Mutual Trust Co. 100 25 10 100 Per $ 170.000 30.000 Chester—1st Bk&Tr Co 100 10 Ask prices share. Pleasantville— 50 581,500 268,300 1,137,352 11,310,420 2,827,027 23,198,431 1,397,983 11,684,587 182808420 1619978420 444,453 3,049,978 52,935,003 593,282,361 1,617,183 20,754,798 1,877,573 37,524,886 500.000 Mfrs Trust Co: 10 Port 3 ,906,600 8 ,556,249 Trust Co 10.000.000 14,438,099 80,108,923 Clinton Trust Co... e 420,500 750,000 9,072,200 Colonial Trust Co 451,563 1,000.000 8,566,214 Continental Bk&Tr. 4.000.000 4,319,661 61,254,377 Corn Ex Bk & Tr Co 15.000.000 19,038,831 297,683,409 Corporation Trust Co 342,440 500,000 32,300 Empire Trust Co 3.500.000 3,675,674 70,609,160 Fulton Tri <*t Co Common Preferred Westches Co Nat: Common Preferred 13^ UK Mt Pleas Bk & Tr Co 162,200 872,760 647.921 14 ,490,921 617,938 214,524 25.000 .000 79,464,116 912 ,298,546 e2,642 ,500 257,5001 22 ,704,853 21.000,,000 71,537,029 939 ,260,374 20.000,,000 55,632,652 567 ,760,353 Equitable Trust Co. Federatic u B k& Tr Co 25 A 27 H Bid Nom. Peekskill— Peeks kill N B & T Co share. 31.1938 Dec. Bk of Athens Tr Co. 500 .000 Banca Com It Tr Co b 1.000 .000 Banco dl Nap Tr Co, 1.000 .000 B'kof Montreal Tr Co 1.000 .000 Bronx County Tr Co Cent Han Bk&Tr Co Per 24 Par Deposits (Concl.)— $ Nomi nal. N. Y.City (Concl.) -National City Bank 77.500,000 60,054,940 1786893 000 12 H NatSafetyBk& Tr Co «1,014,300 900,000 116,519,825 12H Penn Exchange Bank 236.492 t 3,209,637 10 $526,000 Public Nat Bk&TrOo 7.000,000 9,355,569 137,677,000 17H Schroder Bkg Corp. 6.000.000 2,486,092 129,383,457 Sterling Nat B & T.„ 1.500.000 25 1,707,800 128,581,600 Trade Bank of 1SF Y_. 310,615 1 7,464,458 12H $416,250 Gross Surplus <Sc Profits Capital Gross 1,139,713 45,237,366 J100 900 1100 v Bl; & Tr Vllm 8av & Ti Co Wilson— ji30 1.000.000 People's 8a Branch Bkg & Tr Co Common Preferred Schenectady— j 1,308,407 19,448,890 00,000 221,526 3,311,125 25 200,000 90,204 2,557.973 3,285,702 82,136,894 10 100 Nat Bk of Wilson... Mohawk Nat Bank— Common 200.000 j, 253.590 331,872 5,865,665 400,000 300.000 361,355 7,611,642 100 7,401,960 100 Schenectady Tr 750.000 506,952 1,388,115 15,742,006 100 Preferred Co.. 10 plO First National Bank, ^-chovla Bk &Tr e3 ,900,000 . National Banks Dec. 31 900,081 1.200.000 22,095,039 345,590 9,744,162 20 (7160 266" Syracuse— Lincoln Nat B & TCo Merch Nat B & T Co 275 1160 Winston-Salem— 10 Union National Bans Citizens Trust Co— • 35 15 17 NORTH DAKOTA 38 Nomi nal. Common 750.00011 Preferred First Trust & Dep Co j 175.000 1 Common g20 1,169,079 49,896,622 4 1,000,000 1,400,000 Jl,144,728 29,905,240 11 4O0.000 1,551,639 756,692 150,161 175,514 21,167,718 e4.691.844 Syracuse Trust Co.. Common Capital notes 5K Fargo— Dakota Per Nat Bank 201,000 e "argo National Bk First Nat Bk & Tr Co tfercb Nat Bk&TrU< 50,000 500.000 e n 150,000 National Banks Dec. 31 600.000 Union Nat Bank... Troy Trust Co 624,400 297,000 » 11,586,403 16* 50 20 .000.00' Preferred 990.000 Oneida Nat Bk & Tr Common J 1,714,676 600,000 1 196,000 Preferred 557,942 32,030,158 10 .75 PIS .85 cent sa les Institutions Dec. 31 gOO Per 200,000 1 Capital notes First-Central Tr. Co. 20 Capital debentures Dime Savings Bank. First National >k 20 First Tr & Sav Bk_ 16,758,644 24,626,447 100 200,non 500.000 e 300,000 990,000 4,185.035 N 14,668,197 2,428,060 18,405,388 3,791,985 10,600,313 cent les 100 311,131 1,111,535 176,561 668,738 0 re "166 166 j 691.098 Northern N 4,081,347 35 112.000 N 160 145*" 49 sa 500,000 9,642,525 3,035,637 270 280 200,000 1,306,378 236,575 100 e 100 88 94 e 191.750 145,644 1,556,386 10 7 10 Geo. D. Harter Bank o 10,431,256 j i25 Atlas Westchester Co— 200,000 350,000 1938. 11, 1939, the Manufacturers Trust Co. will absorb substantially all the assets and liabilities 170,419 e 650 000 c 701,867 e 267,500 152,524 164,825 3,496,492 4,320,309 20 30 100 125 100 125 100 25 c \ Mt. Vernon Tr Co... e3.000 oon 637,008 j 10 150 50 IK VA New Rochelle— York City Sept. 28, 1938. d Lincoln-Alliance 12,158,265 3,058,632 6,922,061 of New of the Banca Commerciale Italiana Trust Co. of New \rork City, which will be liquidated, Vernon— First National Bank, Fleetwood Bk (The), Bank 10,000 shares of its $50 on Feb. 1, 1939. e par Common and preferred & Trust Co. of Rochester. N. Y., called in 4% convertible preferred stock at $52 a share stock or debentures outstanding. f Stockholders of the Title Guarantee & Trust Co. of New York approved Jan 17, 1939 a recommendation to reduce the bank's capital stock from $10,000,000 to $6,000,000 and a decrease in par value from $20 to $12 a on e helle Tr. 115,000 e . Huguenot Tr Co.. Hoi 400,000 . June 30, b On Feb. Tr Co... Now Bank a Bronxville Tr Co Central Nat Bank First Nat Prnk Nat t Marine Midland Corp. Bronxville— Gramatan Nat Bk & Mount e Cincinnati- les 240.000 464,407 - re cent Y Tr Co Common O ipital uotes e Oinn Bk & Tr Co. 158,758 457,125 750.000 Columbia Bk & S Of 210.000 Preferred . shat e. sa Common. 25 172,728 1,197,291 94,532 rta 490.000 1.250,000 100,000 Goodyear State Bk Firestone Pk Tr&S B 10,132,284 I 5,692,785 re 25 Nomi Dime Savings Bk Co Common 1 138,189 Slate OHIO inonn 4003-00 0 100 n N Akron- 5 6 Watertown— Jefferson Co Nat Bk Watertown Nat Bk— Common 100 24 4 Utlca— First Citizens Bk & T 1,827,430 6,549,622 3,226,322 share. 100 25 25 6,394,637 3.711.002 2,409,725 13 Troy— Manuiactur Nat Bk. National City Bank. 162,676 116,872 122,183 204,286 300.000 646.000 ! 'el.600.000 92,324 311,413 77,804 504,850 2,106,165 4,662,613 1,425,381 14,997.668 20 201 1 28 1 20 20 25 3 Ossining— q 200.000 e 350.000 221,666 200,032 1,802,638 2,608,745 20 100 ! Retirement price 1 Controlled k 0 First Nat & Tr Co Ossining Trust Co... sticir© 31 10 Dy First report. The Marine Midland I Last sale First National Bank & n Corp Member First Trust Bank Stock Corp. Co. in Asheville, N. C., On Jan. 3, 1939, retired in full its preferred stock. s Branch of Smithfield, N. C. t Dec. 31, 1938. • National Bank$ Dec. 31 Capital PENNSYLVANIA Institutions State OHIO TRUST COMPANIES AND BANKS 108 Dec. 31 Deposits Capital Ask Bid Par Nomi nal. 6,778,448 6,000.000 Nsrwood-Hyde Park I 600.000 208,267 1,155,215 Northslde Bk & Tr Co I People's Bk & Sv Oo t 600.000 231.000 600.000 1.800.000 1.000.000 600.000 3,300.860 948,524 626,035 320,826 2,242,719 Bk & Tr Lincoln Nat Bank__ Proy 8 Bk & Tr Oo. 199,841 292,397 All en town 146 142 5,672,283 9,861,330 2,287,341 3,376,765 45,281,925 16,750,069 7,488,959 11,088,213 100 88 100 225 50 240 65 50 "26" "28" 10 145 125 10 5 150 6 73,194,059 100 80 83 100 5.000,000 Trust Oo Common Capital debentures 307,549 6,072,510 /100 250,000 263,390 249,300 446,041 4,146,585 276,203 2,716.359 100 383,165 300.000 200,000 ,160,000 50,000 ,282,000 300.000 142,498 734,944 58,638 137,555 280,217 1,202,488 13.951,884 634,092 8,097,306 3,978,302 100 300,000 736,350 312,372 13,498,698 I 50 [ 50 200.000 67,324 1,537,269 396,510 2,967,979 10 5 7 4,763,962 8,296,187 4,676.187 10 11 12 25 80 1,045,322 13,446,174 10,974,875 100 400.000 158,380 433,392 849,352 913,377 32,274 1,317,366 1,435,297 400,000 600.000 625.00O 796,725 983,868 424,642 10,893,858 11,210,812 8,649,355 20 300.000 Preferred 99 96 439,209 6,550,461 10 237,835 1,835,182 10 7,198,400 299,534 55,380,008 9,344,241 10 30K 50 22 9,940,036 107,511,901 20 42% — Central Trust Go— 100 Bank of Erie 260 220 First National Central Nat Bank—■ 5.000,000 11,246,020 126,209,282 7.840.000 602,276 2,133,266 250.000 738,431 7,226,788 400,000 Equity Sav & L'n Co 158,609 4,611,365 484.000 Lorain Street Bank. d 9.000,000 4,721,303 150,731,730 National City Bank. 56,538 627,193 d 190,000 Nsrth Amer Bk Co 6 / 20 Marine Nat Bank__ Oommon 20 Preferred 25 23 Union Bank 100 75 29 34 (The)-- Harrisburg— Allison-East End Tr _ 300,000 300.000 400.000 Capital Bk & Tr Co. Harrisburg Nat Bank 100 Central Trust Co Citizens Trust Co 67,634 ,758,720 250,000 / ,600,000 143,188 100,000 200, UUu 136,826 Huntington Nat Bk. d3.600.000 200.000 Market Exch Bk Co. ,469,068 Northern Sav Bk... d 83,869 ,279,281 Fifth Ave Sav Bk Co C 264,972 125.000 c4.000.000 Ohio National Bk 100 2,980,141 28,310,830 17 18 170 180 62 67 10 100 1,685,155 2,624,408 clOO 100 53,592,060 100 3,730,886 1,617,472 100 68,429,784 c 20 125,000 Dauphin Dep Tr Co Harrisburg Trust Co 400,00O Lancaster— Conestoga Nat Bk. Fulton Nat Bank.. Lancaster Co Nat Bk Farmers' Bk&Tr Co Common Mercn N B & T Co— 288,517 Preferred 14,588,175 718,696 1,500,000 775.000 Common 7.148,419 662,646 200,000 295.000 842.000 (100 Philadelphia— [ 95 90 ;ioo 60 T oledo— 600 000 1,032,155 354,583 780,317 5.000,000 2,851,181 1,000.000 300.000 Spitzer-R T & S Bk Ohio Citizens Tr Co. d Toledo Trust Co 17,099,631 331! 50 2,548,207 20 12,400,977 50 89,692,168 City National Bank. dl.100.700 Corn Exch Nat Bank 4.660,000 & Trust Co d 460.000 Erie National Bank 423,657 13,276,106 19,325,630 14 1.750,0 >0 I Capital notes Mahoning Nat Bank dl,623,0001 Union Nat Bank Ctfs of Beneficial 1,250,000 1,955,611 25 100 200.000 9d,i99 NatBkof Ger&TrOo 331,112 4,357.608 2,023,016 Bant Northw'n Nat Bk— Preferred 120 Roosevelt Bank Second Nat Bank— Dec. 31 f$r share. 100,000 75.000 State Bank 175,594 95,227 2,540,173 1,291,064 100.000 First National BankFirst 246,580 278,362 100 3,213,272 2,761,844 First Nat Bk of McA 100.000 25 o cent les 100.000 300.000 159,371 476,103 First Nat Bk & Tr Co 400,000 402,990 100 100 125 100 2,716,561 3.804,668 4,981,569 125 125 150 100 150 f 25 121,967 2,355,000 50 26 655,755 8.056.502 I 10 7 8 8 Q% I Broad Street Trust. 250.00' Finance Co of Pa Trust Oo 200.000 First Nat Bk & Tr Co 5.000.000 Fidelity Nat Bank__ d 450,000 Liberty Nat Bank.. dl.200,000 100.000 Oklahoma Nat Bank. Tradesmen's Nat Bk 500.000 50,000 Stock YardsBauk_. 283,846 3.424,002 295,664 969,290 48,632 417,498 25,085 \ 185 100 150 10 23 27 50 50 75 100 175 225 100 100 125 100 125 160 100 100 125 10 f 20 30 50,899 352,236 g 25 42,818,266 100 2,776,577 37 H 1.707.672 100 1,747,487 1,499,247 475,670 125,759 20 50 529.231 16,859 125,000 Q 6.70".01 e 16.866,232 114,423,224 987,367 2.320.000 7,255,028 1,609,479 10,854,083 500.00 2,154,153 20,973,439 1.400.001 10,897.843 108,344,749 4 .onn nn< 997,745 11,650,868 dl.132,250 4% 122 15 ----- 6 13H Tulaa— 2.000,000 (72,364,981 125,000 175,000 350,000 Common Preferred d Nat Bk of Com'erce 20 30 6,648,836 J 20 t 20 20 4,910,783 33 25 51,548,822 1st 2,000,000 3.000,000 preferred 1,210,608 11 269 273"" 100 140 148 43% 14 % 45 % 10 10 56 M 57% 10 7H 8% 10 5 1% ,2* alO 10 35,510,131 ...... Common j. West Tulsa State Bk 3,750,000 15,610,256 Preferred 7.350,000 1,246,108 Liberty Title & Tr Or el,000,000 623,335 Mitten Bk & Tr Co 1,500,000 884,210 Ninth Bank & Tr C< d2,221,990 2,890,788 500.000 Northern Trust Oo 1,361,704 Nor Phila Trust Co 500,000 . 30,940,653 f t 11,596,962 6,616,632 19,433,920 12,860,269 7,479,339 5 10 3 50 22 10 520 50 92 J 284,252 56,729 2,500.000 12,857,019 1.125.000 25.000 14,789 . 15" 27 62,436,653 f 10 Security Bk & Tr Co. Sonsitaly Bk & Tr Co 8,400,000 16,881,286 232,111,777 781,726 1,155,561 750,000 3,200,000 12,543,175 48,908,303 1.500.000 2,366,312 10,038,396 3,269,600 274,707 300,000 870,568 34,938 125,000 g 10 30^ Pittsburgh— iio" 55 60 100 358 366 50 20 25 10 5 6 50 25 35 200,000 223,073 263,831 3,046,350 1,337,810 40 100.000 200,000 500.000 106,283 902,719 649,262 10,925,402 2 Allegheny Valley Bk. Ohio Valley. * National Banks Dec. 31 OREGON c Dec. 31 Member of the BancOhio Corp. stock retirement d Common and preferred Nomi nal Per 200,000 7,362,716 5,734,194 103,056,904 4,393,330 451,954 100 172 100 85 5,822,051 120,956,352 20 share. 100 368,995 price. stock or debentures outstanding. Banca Commerciale Italians Trust Co. of Philadelphia, Pa., merged into the Liberty Title & Trust Co. of Philadelphia, effective Dec. 31, 1938. e The was / Dec. 31, 1937. Portland— Bank- '3.000.000 300,000 Portland Tr & Sav Bk First National Nat'l 4.500,000 95 Sale price. Preferred ----- 25 Institutions State Eugene— Bank 31% 100 30 20 100 360,041 Tr & Safe Dep Oo PenD W'h'g&SDO. Trust Ben) Est Tr Cr>. a "98" or Braddock Nat Bank. - ..." 7 100 Bank 0 States 3% ------ 50 Arsenal Bank... Bank 15% 8 10 Common Provident Nat Bank of Tulsa— United 16 % 100 100 995,973 Common Penn Co for Insur Fourth Nat Bank— National 6 127 Lives & Grant Anr First Nat Bk & Tr Oo First 106 Integrity Trust Co— 2d preferred 5,973,927 53,201,117 7,027,321 20,099,727 1,413,524 16,120,989 •1,035,080 15 a25 "105" Chestnut. Hill T & t Frankford Trust Oo 14 5 20 Land Title Bk & TCo Oklahoma City City Nat'l Bk&Tr Oo Preferred 3,070,282 400.001' Glrard Muskogee— Citizens National Bk 67 Banca Com It Tr Oo industrial Trust. Or Commercial Nat Bk_ 50 4,733,369 Germaotown Tr Oo 100 3.576.501 3,300,000 d 300,000 ei .000,00' Fidellty-Phila Tr O. N re sa MoAlester— Nat Bk of McAlaster 5 alO " v~ 3,398,972 Citizens & So B & Tr 100 52 10 2,875,878 Wyoming Bk & Tr Guthrie— 10 63,089 Bank & Trust On Nomi nal 4 135,868 Tioga Nat Bk & TrOo Dec. 31 50 10 260" 250 2,114,657 100.000 d ""25"' 25 Tradesmen 'sNationa Institutions State 50 10 405.336 200.000 Common OKLAHOMA 100 100 650.000 South Phila Nat Bk- 43K 6,225,987 434,448,142 500.000 Preferred 25 Si* 284 148,000 275.000 225.000 14,000.000 d 269,818 Common ~11% Preferred National Banks 13 Vs" I 200.000 Common ... I 100 186,834 186,146 250 000 Northeast Nat 10 City Tr & Sav Bk— Capita] notes. 145 50 1,972,636 I 72,966 105.000 I 95.000 Philadelphia Nat BV 7,499,568 155 20 37 1,000.000 400.000 14 152,741 25 279 dl. 129,766 Nat'l Bk of Olney— Common C-2 750,000 1.243.700 /420 67 % 60 52 48 Ownership Trust Common 14 50 100 Kensington Nat Bk 50 14,547,144 70 50 3,939,612 Market St Nat Bk_ Dsllar Sav&Tr Go— 578,332 a 50 50 84,728,732 2,857,925 9,259,053 31,856,683 14,247,773 Qimbel Bros Bk & Tr Preferred 1,250,000 1 15 126,060 36" North Broad Nat'l BL Common 6623 5,506,672 3,111,000 45 40 *32" Youngstown— Fund 3,040.00' Oentral-Penn Nat Bk First National Bank Commerce-Guard Bk 10 100 100 "25 "27" 32,704,184 16 105" 10 300,000 Northern Bk & Tr Oo Common 14 166' 10 100,000 Preferred Davton— Preferred Third N B & Tr Co.. d Winters N B & Tr Co 22 82 100 22,447,484 2,805,653 Columbus— Branson Bk A Tr Co City Nat Bk & Tr Co Columbus Saving Bk 120 10 Security-Peoples Tr- 100 13.800,000 14,465,646 316,528,545 Bank Lawrence Park N Bk Nat Bk & Trust Go_ 100 100 60 Oleyel&nd Trust Co 2,962,945 368,109 7H a 24 16 Preferred fiev Sav & Loan Oo_ 13,936.500 Capital notes Union Bk of Comm. d5.000,000 900.000 Union Say & L Co 100 25 1100 Altoona Trust CoCommon 4,974,220 Common 38 20 42 10 100 Altoona— Brie— Cleveland— Amer Sav's Bank Co d Common 150,000 293,900 500,000 Preferred Oo— Fifth-Third-Union Tr ust 100 First Nat Bank— Common 155 100 . 13,210,718 8,484,913 5,575,113 7,274,393 450.000 100 100 Bs Ohio 8 Bk & Tr Oo Western Bk & Tr Oo d2.000,000 Nomi nal. Per share. 150 135 s Bk_ Second Nat Bank. Lehigh Vail Trust Oo 93 Ask Bid Par Deposits 1,632,281 2,178,401 1,373,891 904,454 1,000,000 1,000,000 Nat Bank Merchants Nat'l 6,000,000 13,750,000 100,288,291 2.000.0C0 Second Nat Bank Central 100 79,851,392 Allentown— share. Per Cincinnati (Con.) First National Bank. Gross Surplus & Profits Cross Surplus & Profits Dec. 31 33 % 185 90 35 g Sept. 28, 1938. h Preferred stock retired. I Last sale. s New stock. x Ex-dividend. u Ex-rights. AND BANKS FEB., 1939] Capital Surplus A Profits TEUST Cross Deposits Bid Par 109 COMPANIES Ask Cross Surplus & Profits Capital Par Deposits Ask Bid " Per Dollar Savings Bank farmers Deposit Nat First National Bank. 5,600.747 54,532,165 6.000,000 10.703.715 89,291,165 6,417,766 100,130,032 6.000.000 share. «*) 100 175 100 155 175 300,000 500.000 200.000 200.000 Freehold Bank Bk (The) 241,299 974,778 193,694 462,489 139,780 455,383 100 Pittsburgh Iron A Glass Do! Sav 251,644 200.000 125.0C0 Common. Preferred 50 200.000 35,000 144,031 243,833 5,341,624 1,350,105 25 250,000 200,000 567,799 535,524 \6.687,600 20 54 56 4,672,447 10 25 20H 160.000 40.000 73,399 2,954,094 / 20 3^5,000 188,398 250,000 228.740 First Nat Bk of Col. Lower Main St Bank 70 50 50 ^20 100 125 50 14H 4,078,173 f I Common 141,625 108.375 200.000 700.000 200.000 50,000 Preferred Nor Side Deposit Bk Pitt National Bank. Polithania State Bk. 58,670 elb~ 50 Farmers Deposit Tr. 1,320.000 Fidelity Trust Co Manchester Savings 2.000.000 Bank A Trust Co. 250,000 383,651 2.000.000 Western S & D Bank i 1.000.000 495,000 700.000 Colonial Trust Co... <3.742.300 Oom'wealth Trust Co 1.600,000 Co. 125.000 Spartanburg— Common... Preferred.. 10 25 25 120 e25~ 25 65 40 1,754,343 10,787,039 994,902 1,297,757 30,457,064 34,343.498 3,914,396 100 100 50' 6,208.836 100} 80 90 33,084.881 19,338,928 2,556,314 100' 80 55 87 65 50 15" 50 100 10 9H Com'l Nat Bank— 100 F 10 62 50 I 163,848 676,162 111,982 157,736 4.057,151 5,503.899 446,365 914,377 2,009.733 2,481,053 119,966 1,257,029 10,636,568 Bank 1,965,044 7H 6 Greenville— First National Bank. Nat Bank of America Dormont 8 & T 100 Q Columbia— ...... 10 7.500.000 36,910,512 295,112,102 Allegheny Trust Co. 35,112,573 1100 1100 963,279 Peoples Nat Bank... Union National Bank Union Savings Bank- 95 17,263,624 5,617,757 454,295 1.100.000 1.200,000 Preferred Keystone Nat Bk— Sheraden 100 share. 14 95 666,919 227.635 43.628 5 at Mellon Nat Bank 10 100 700,000 200.000 50,000 1 Common 100 50 1.578,370 4,489,155 532,011 175 100 5,124,667 9,011,405 3,259,263 648,480 1,298,263 2,350,199 100.000 172.700 Fourteenth St. Bank. 420.094 615.500 200.000 Co of East Pitts.. Hill Top Bank Homewood Bank Per $ Charleston— Citizens A Sou Bank Carolina Sav BankMiners A Merch Bk. South Caro Nat Bk— First Nat Bank & Tr Forbes National Bk. Hazelwood Nomi nal. Nomi nal. Pittsburgh (Concluded.) 150 160" - 36 65 50' 155" 152.873 100 22,502,358 25 80 2,456,321 50 20 25 H Per A Tr. Nat Bk of So Dak i Northw'tSecurNatBk Union Savings Bank. i 800.000 127,157 50,422 . 150.000 5,297,368 100 3,854,946 plOO 9,811,219 flOO 100 1,242,810 i share N 0 re cent sa les 25 6.000.000 11.120,329 98,449,615 428,371 Potter Title & Tr Co i 7,283,092 875.000 250,408 Provident Trust Co. 1,972,033 160,000 378,376 South Hills Trust Co 1,828,834 125.000 Union Trust Co 1.600.000 95,796,718 252,993,443 6,937,010 Washington Tr Co.. 600.000 1,327.822 182,339 West End Bank 1,762,884 200,000 94,500 William Ponn Tr Co. i 2,102,000 175.000 Worklngman's Savgs Bank & Trust Co. 9,825,112 400.000 1,120,952 Nomi nal. Sioux Falls— First Nat'l Bk 85 People'i-Plttsburgta Tr Co 5 5 100 100 27 8 85 70 100 6000 100 10 Union National Bank City Bank & Tr Co.. 666,850 1,340,137 454,728 2.378,893 1.000.000 1.800.000 300.000 Trust Co.. 1.170.300 Scranton State Bk First National Bank. Green Ridge Bank.. North Scrant Bk A Tr Providence 50 50 7,054,487 10 10 5^ 6H 11X 10 17 Bank 196,776 4,966,504 141,421 319,686 42,542 200.000 4.050,000 200,000 300.000 i 300.000 75 25 23 30 32 68 72 2.795.730 15 21 24 50 35 172.996 2,464,119 755.273 4,775,326 25 "45* 896,819 16,676,745 25 25 42 556,860 2,944,625 25 "58" 150.000 I 184.375 / 162,085 1,925,134 750.000 200,000 2.600.000 1.000,000 Hanover National Bk i Miners Nat Bank Second Nat Bank... W-B Dep & Sav Bk. Wyoming Nat Bank. 1,428,511 139,179 6,052,207 500.000 2.666,936 607,096 500.000 667,685 1,352,537 100 2,982,537 6.25 100 26,223,305 100 12,019,207 1,928,418 2,256,417 87,107 42,968,126 31,291,025 1,370,283 3.500.000 ,4,899,662 66,317,182 145 135 8 9 230 240 100 295 100 300 305 310 100 210 230 10 28 29 / 10 16 17 X j 25 10 19 20 9,302.254 JlOO 1100 100 27.633,506 55" 1.000,000 1,000.000 50.000 105 110 240 250 Nashville- ' ' 1 44 American Nat Bank Common 3.000,000 11,461,054 3.500,000 1 2 Broadway Nat Bank 57,753,568 300,000 598.998 1.000.000 ... Preferred 65" 894,935 5,647,837 22,215,551 ^ Commerce-Union Bk Nashville Trust Co— 500.000 1.133.300 Preferred Third National Bank 30 175 1,358.210 1100 20 185 45 ) 855,934 1.000,poo Common 25 100 8,987,295 1,278,699 23,432,244 15,307,823 4,226,086 7,831,632 Memphis— First National Bank. Nat Bk of Commerce Bank A Trust Co. Wllkes-Barre— First National Bank 58.236 129,450 1,291,645 544,660 "130" 135"" Knoxville— 40 Penna Trust Co— Common... Preferred 155 Bank of Knoxville 50.000 Oomm'l Bk A Tr Oo. i 200,000 HaroiltonNationalBk i 925,000 Park National Bank. 1.000,000 6 963,435 250.000 Preferred West Side Bank 150 State Savings Bank. Union Planters' Nat'l Third Nat B A T CoCommon 10,536,034 J100 1100 44,841,405 100 26 18 50 1.000.000' 1 100,000 J Preferred South Side Bk & Tr. 200 325,000 1 410,918 325.000 1,374,315 <2.700,000 Common 10,500,137 1,079,285 , 6 7 11^ 17H 1,290,264 63.549,705 1,397,019 50 75 200.000 1 100.000 i 400.000 n 190 Bfeg Co.. Commercial Nat Bk: Preferred 20,511,188 4,225,061 17.106,675 100 625,000 Amer Tr A Scranton Nat Bk— Comm Nomi nal. Per share. Chattanooga— 6H 34 Soranton— R Dec. 31 98 60 5 State Institutions 6300 Hamilton Nat Bank. Berks Co Trust Co.. TENNESSEE Dec. 31 Reading— Reading National Banks 50 97 345 50 94 100 25 335 22 24 50 75 80 National Banks Institutions State TEXAS Dec. 31 Dec. 31 Williamsport— First National Bank 208,460 367,072 250.000 225.000 W set Branch Bk A Tr 2,508,807 10 4,691,669 20 25 30 486,167 250.000 Williamsport N Bk_. 5,012,035 10 20 23 7X 10 Nomi nal. Per share. Austin- 300.000 American Nat Bank. Preferred.... Drov A Mech N Bk. Eastern Nat Bank- First National Bank. Indus NB West YK. Western Nat Bank. York Co Nat Bank.. York N Bk A Tr Co. Guardian Trust Co.. York Trust Co. 250.000 in 186,390 190,000 342,373 150.000 29,246 100.000 625,653 600.000 191,439 125.000 512.921 225,000 904,380 300,000 537,062 500.000 780,280 600,000 750.000 1,266,710 2,037.222 [ I 3,226,935 667,311 8,004,118 1,651,968 4,343,549 6,339,336 4,872,329 4,006,163 7.645.611 10 7H 8X 125.000 10 10 13,870,406 16.365,557 134,642 100 100 3,712.158 /100 1100 75.000 «100 "21H 70 00 10 100 20 25 25 Capital Nat Bank— Capital stock Preferred stock— 5 10 676.750 i Austin Nat Bank YorkCent Nat Bk & Tr Co Common 487,051 430,159 "15"" 16 16 17 192 H 195 56 58 34 H 400,000 566,381 First National Bank Secur St Bk A Trust i 400.000 200,000 846,024 95,372 10,387,411 13,316,030 2.336,993 100 100 N o rec ent 100 sa lea 36 56X 15H Beaumont— American Nat Bank. 58 16 nail An First National Bank. Hillcrest State Bank. 8,000,000 25.000 6.182,518 113,170,506 64,419 1,722,283 20 51 52 34 35 38H 39 100 Liberty State Bank: 250,000 82,700 Common Capital notes t 170,784 5.282,924 Mercantile Nat Bk Common... ... Preferred RepublicNat Bank.. Norm nai. Newport— Per share. If Common Preferred . . 400.000 210.000 120.000 300.000 J 288,339 6,139,861 58,240 514,490 554,119 2,955,353 J25 \25 35 Common e25 60 100 150 0 1.055,587 500.000 107,100 92,900 Common. 120.000 } 74,712 230,122 4,382.339 25 77 1,813,910 J10 110 9 1.694,079 50 . . r . k Industrial Trust Co. . Lincoln Trust Co... . Rhode 1 Hob Nat Bk. . 3 . 53,600 125,000 69,000 Common 12 130 215 |. 107,411 , 78.702 2,428,591 46 47"" 2.428,893 r. 120 100 32 ♦ Sale price. t Citizens & Southern Bank of Savannah, Ga., system. 6 Member of First Security Corp. 350,000 5,037,056 J 25 150.000 \25 850.000 50 833,609 8,365,329 60 450,000 918,960 3.226,273 1,500,000 2,550,585 12.227,257 100 100 4.000.000 10.284.929 112,078,287 25 176.368 1.799,455 125,000 2.500,000 2.952,732 51,306,662 *100 5,000.000 12,186,197 41,264,967 1000 1.000,000 1,231,957 23,423,745 100 ) 218,765 15 "65" 20 72" c Sept. 28, 1938. d A mutual savings bank. Preferred stock retirement price. 125 285 135 e 305 158 165 / Member of the Northwest Bancorporation. g 33 Affiliated with the Citizens A Southern Nat. Bank of Atlanta, Ga, i Common and preferred stock outstanding. 1955" 135 2150 145 k Stock all owned by the Rhode Island Hospital Trust Co. I Last sale, n Woonsocket> "Boh 'IIIi 80 E Preferred Capital notes Texas Bank A Tr Co: elO 120" 100.000 .... Capital notes . 31.535,303 I 20 1100 20 72,739.122 6,297.506 100 20 23.094,210 Oak Cliff Bk A Tr Co: Providence— Blackstone Can Nat. Common... Nat Bank of Comm. Dallas Nat Bank 1.200.000 11.088,055 800,000 4,006,071 150,000 369,815 1.000.000 920,173 4,000,000 jlOO 445.000 163,324 3,212,611 100 1100 March 7, 1938. p Affiliate of the First Bank Stock Corporation. x Ex-dividend, u Rights. 33 ' I National Banks State Institutions Surplus & Profits Capital National Banks Dec. 31 TEXAS Dec. 31 TRUST COMPANIES AND BAMS 110 Dec. 31 Bid Par Capital Ask Dec. 31 Bid Par Deposits $ 453,812 S 360,000 300.000 CI Piian— Nat Bank.. 1,480,164 $ Per 491,659 600.000 First National Bank. Lynchburg Nat Bank 100 566,576 355,457 Trust Co A Continental Nat Bk. 566,523 1,031,755 750.000 a 1.500.000 1.500,000 12,351,757 Common 750,000 Preferred 9,532 15,420 p Fraternal Bk A Tr Oi 81,808 225,000 Union Bank A Tr Co a 15,457,343 60 65 70 34,974,447 20 40 41,659,830 1 20 42 44 t 131,800 100.000 i Com'l Tr A Savs Bk: Lvnchburg Tr A 8 B. "105" 135" 15,505,633 4,780,788 100 100 N 750,000 500.000 477,755 820,661 9,435,445 10,731,827 100 50 sa re National Bank U 8 National Bank__ Houston— Citizens State Bank. n 202,252 250,000 a 500,000 100.000 Common Preferred J 352,510 First Nat Bank- 3,000.000 Common Preferred Houston Nat Bk— o 1,740,000 J1,962,071 Union National Bank 382,157 632,500 1 367,500 1.000,000 1,638,477 a2,875,000 4,188,078 433,602 a1,000.000 i.000,000 1,400,000 South Texas Com¬ mercial Nat Bank- 2,062,500 Common Preferred Second Nat'l Bank__ Nat Bank of Oomm. State National Bank 1.500,000 200,000 Fidelity Trust Co— 600,000 Guardian Trust Co.. Houston Land & Tr_ al.500,000 San Jacinto Nat Bk342,000 Common 308.000 Preferred 110 20 34 1 14,017,519 (100 1125 30,524.735 100 31,789,623 mm-mm 100 103,628 100 Trust 539,855 314,557 100 125 a 500,000 912,500 J 843,301 2,545,355 2,697,871 10 10 219,066 83,234 206,861 5,878,418 1,187,683 2,831,552 50 N 100 100 re cent sa les 963,558 ,027,380 68,335 ,552,642 128,272 11,152,785 21,304,426 20 38 28 30}* 10 20 "48" 49" 255,738 49,594,414 16 17}* 399,639 198,318 946,845 3,655,739 4,143,106 5,568,071 373,091 5,973,844 25,795,068 5,270.359 600,000 Central National Bk_ Consol Bk A Tr Co.. First A Mer Nat Bk. 1,000,000 80,000 3.000,000 200.000 Mech A Mer Bank.. "270"" 285" 350 State-Planters A Trust Co: 10}* 34] 113 10 .7}* o 210" 195 310 300 20 780,621 67,994,330 2,182,622 40 100 Bank 1.250.000 1.700,000 Common 155 Preferred southern Bk A Tr Co I1 200,000 200,000 al ,000,000 Virginia Trust Co 12«2 100 25 "73}* 15 25 50 67 H 71 "l50 100 Roanoke— "85" 70 95 5,649,123 3,894,436 250 118 175,005 75,073 . 250,000 449,000 Co.. Colonial-Amer Nat B 100,000 200.000 34 Riohmond— 6,492,608 jinn 1100 J ,111,846 240 117 25 100 Bank of Comm A Tr til 6o" 100 7,784,659 5,719,242 100 100 500.000 Portsmouth— American Nat Bank. Merch A Farmers Bk 160 100 100 100 46,935,386 512,666 3,568,119 33,498,022 18,088,794 1,868,221 Say Bank A Tr Co.. 519,591 i m 353}* 200,000 276.000 Citizens Nat Bank. 20 52,893,582 1100 \ 100 230,555 992,863 Port ArthurFirst National Bank. Merchants Nat'l Bk. 100 45,110,642 9,584,526 I 6K 5 100 Petersburg- cent les Petersb Sav A AmTr 13,321,429 ! 5,733,680 I 145 5 251,218 628,027 3,061,524 882,736 1,043,788 76,490 250,000 2.500,000 1,500.000 Southn Bk of Norfolk |o Citizens City National Bank. 1 120 150.000 Merch A Planters Bk Nat Bk of Commerce 448,541 363,313 Hutchlngs-Sealy 60 100 Norfolk— 10 100 200,000 200.000 City National BankFirst National Bank. 56 I 153 20 390,249 1,235,356 Seaboard Gitz N Bk Galveston— 95.939 300,000 Loan Bank 100 4,323,960 3,775,218 106,691 513,451 Depositors Industrial 42 share, 7,792,599 500,000 People's Nat Bank.. Fort Worth— Per % 1.000.000 Lynchburg— share 100 11,173,910 22,743,241 Ask Nomi nal. Nomi nal. El Paso ; Cross Surplus & Profits Cross Deposits Institutions State VIRGINIA First Nat Exch Bank 500,000 1,000.000 Mountain Trust Bk. 800.000 1,570,915 388,535 50 70 100 225 100 90 625 100 100 San Antonio— Alamo National Bk: Common. Preferred Bexar Co Nat Dank- 200,000 1 Common........ Preferred 142,713 Frost National Bank Groos Nat Bank— 2,685,868 1,281,537 36,996,615 100 | 105,182 1,182,266 5,770,021 J100 1100 100 23,112,360 99 92 "255" 100 121.878 1,785,578 4,091,021 dlOO 250 Per 8,000,000 2,500,000 2.500,000 1,350,000 Nat Bk of Commerce Pacific Nat Bank Peoples N B of Wash . 4,087,888 5,923,887 3,733,174 1,515,046 872,871 200.000 109,761 400.1 MM) Seattle Tr A Savs Bk 550,000 ion t "55" 307,809 480.835 90,078 8,369,963 9,972,328 910,751 100 50 100 155,709 539,301 147,396,620 i 20 73,889,140 c 25 160 22,891,386 20 26.156,935 100 2,079,650 20 5,890,313 50 7,615,347 share. 31 r 32 142 152 29 32 m 24 65 59 Spokane— 500,000 185 550,000 721,349 Preferred 195 77 80 80 6,288,547 96,381 Common 450,000 First Nat Bk in Spok Old N B&UnTCo. 890.000 100.000 a National City Bank. Nomi nal. University Nat Bank 185 100 330,085 250,000 Dec. 31 Seattle— 230 Sumitomo B of Seattle 84,073 Institutions State d50 Waco— First National Bank. WASHINGTON 45 40 "255"" Seattle—First Nat Bk 350,000 Common........ 120,000 Preferred Nat Bank ol Comm. al .000.000 National Bank ofFort 100.000 Sam Houston 400.000 San Antonio Nat Bk a South Texas Nat Bk300.000 Oommon Citizens' Nat Bank.. National Banks 155 Dec. 31 | 50 1 50 92.800 1.200.000 145 18,657,714 J100 1100 a 100 40 45 ~ 20,626,761 /100 fl.25 1.40 \100 200.000 634,137 7.935,744 100 al. 415,000 a 760.000 942,614 242,200 21,390,206 5,897,410 100 25 Washington Trust Co Tacoma— Nat Bank of Wash Paget Sound Nat Bk National Banks Dec. 31 State UTAH a 119,034 1,327,686 510,000 1.000.000 7,047,483 19,378,487 National 100 100 100 60 75 170 WEST VIRGINIA'—JST" Dec share. 100 100 Nomi nal. Per Charleston— Salt Lake City— Dontl Nat BfcATr Co First National Bank Utah State Nat Bank Eton's Say Bk A Tr Utah Sav A Trust Co Walker Bk A Tr Co: Common 338,027 922,944 13,795,646 17,960,994 853,066 1,085,857 232,796 16,492,022 14,407,006 2,977,755 722,567 29,223,406 900,000 a 750,000 750.000 a a 1,000.000 300,000 1,500,000 I 300,000 Capital notes 100 160 170 182 100 115 125 100 105 J100 180 190 VERMONT 1,062,500 11,439,762 550,000 371,950 500,000 1,000,000 1,332,168 100,629 200,000 500,000 277,841 Common Preferred KanawhaBkgATr Co _ Kanawha Valley Bk. Nat Bank of Oomm. Central Trust Co ' Co People's Nat Bank.. Quarry S Bk A Tr Co Granite S B A Tr a 210,000 p 500,209 226,253 165,876 200.000 204.500 3,608,580 2,641,176 1,947,486 share. 100 100 "75" 100 100 491.500 600.000 BewardNatBk&TrOe 150,000 Merchants Net Bank Burlington Trust Co. al .085,961 697,144 486,085 77,281 405,688 6,812,939 6,419,367 882,388 3,386,227 100 100 Montpelier— Capital B B A Tr Co First National Bank: 100 a 407.500 116,982 2.498,869 199,158 a 150.000 1 180,000 100,000 614,951 108,337 224,312 2,749.838 J100 1100 20 2,232,298 100 1,346,499 150,000 100,000 279,259 135,234 2,922,535 1,077,302 Preferred Rutland— Clement Nat Bank— Killington Nat Bank Rutland Co Nat Bk: Common Preferred Rutland Trust Co... N 30,919 100 15,589,000 12 878,998 n 16 50 65 sa a 80 90 150,000 96,562 1,137,183 100 570,763 4,773,689 100 449.605 500,000 1,711.902 4,679,011 4,714,222 1,111,845 25 500,000 100.000 300.000 104,276 624,077 512,731 143,339 756,049 100 100 100 90 95 4,921,023 100 280 305" 2,715,021 17,129,173 100 125 135 80 105 cent les t Stock of South Texas National Bank of San Antonio, Texas, all held by Central Securities Co. with exception of directors' qualifying shares. * Sale price. a Common and preferred stock or debentures outstanding. b Member of First Security Corp. 25 30 10 100 N re 152,145 les 600,000 a c Member of the Marine Bancorporation. d Preferred stock retirement ) 240,570 o re cent sa o re e 100,000 125,000 a252.500 1,190,000 al22.000 Nat Exchange Bank. < So Side Bk A Tr Co. A Trust Co...... 40 100 a Common... Montpelier Nat Bank Montp'r S B A Tr Co Half Dollar Trust A Say Bank Nat Bank of W Va_. Security Trust Co.. Wheeling Dollar Savs Burlington— Chittenden Co Trust 1,000,000 N 100 100 1,800.000 Center Wheeling Say Citizens Mutual Tr Co Dec. 31 _ 17.771,266 2.964.968 s 408,319 Wheeling— State Institutions Per „ 19,440,279 J 25 1 40 100 5,296,511 Huntington— Nomi nal. B&rre— share. Charleston Nat Bk: First Hunt g Nat Bk Twentieth St Bank.. National Banks Dec. 31 18 Institutions Per a 140 16 Dec. 31 Nomi nal. Ogden— Commercial Sec Bk. First Security Bk NA 130 cent 3,026,060 J100 1100 2.071,742 100 sa les o price. Member of the Northwest Bancorporation. / March 7, 1938. i Member First National Corp. I Last sale. n o p r s Preferred stock retired. Controlled by the Joseph F. Meyer Sept. 28, Member 1938. Interests. tr People's Corp. Trust funds. t All stock held u Reserves. x Ex-dividend. by Old National Corp. FEB., 1939] BANKS National banka Dec. 31 AND TRUST COMPANIES 111 State Institutiont WISCONSIN Dec. 31 Canadian Bank Statements Surplus & Profits Capital Gross Returns Deposits Par Bid all of Nov. 30,1938. Prices are Ask are per cent, not per share. Nomi nal. La Crosse— $ 600.000 176.000 400.000 Batavian Nat Bank. Exchange State Bank Nat Bk ot La Crosse. State Bk of La Crosse % 232,186 Per 324,962 172.919 20 2,496,044 3.323,221 45.317 100.000 share. 4.780,629 20 1,241,976 100 6.047,520 el 00 2.861,331 100 19H 25 N o re cent sa les NOVA SCOTIA Milwaukee— Amer State Bank 200,000 350.000 City Bank A Tr Co.. Capital 131.346 153.085 20 SH 35 100 First Wise Nat'i Bk— Common ..... Preferred ..... 7.600.000 15.166,864 210,834,542 7.500.000 Home Sayings Bank. a 3 50,000 181,560 2.322,660 Kilbourn State Bk.. a 132,700 33.823 1.732,918 Lincoln State Bank: Common 4% f f/ 100.000 16 62.525 300.000 2.200.000 2.391,642 35,685,182 46,665,454 2,141,489 2,322,743 1.841,982 20 100 State Bank of Milw. 550.000 a TeutoniaAreStateBk : 466,700 400,000 300,000 1.000.000 ) West Side Bank.... Wisconsin State Bk. First Wise Trust Co. 1.186.346 53,287 66,887 887,986 328,227 Par Bid $ Per 100 305 100 244 100 174 176 100 100 202 205 206 209 Toronto— 38 40 19H 21H Per Bank of Toronto 6.000.000 9.000.000 122,789,703 Can Bank of Comm. 30.000.000 20,000.000 543,318,472 Dominion Bank 7,000.000 7,000,000 Imperial Bank of Can 116,430.552 8,^00.000 131.482,091 7.000.000 cent. 249 'ioo "45"" "55" 20 2.100.532 4,801,923 4,487,893 4,501,913 5H 6% 20 6 100 150 200 20 100 33 36 QUEBEC Montreal— Per 36,000,000 39,000,000 723.590,480 7.000,000 5,000,000 130.308,513 1,500,000 750,000 18,568,146 Provincial Bk of Can 4,000,000 1.000,000 47,775,269 Boyal Bk of Canada. 35,000,000 20.000.000 780,281,290 Banque Oanadienne. Barclays Bk (Canada) ♦ a 100 100 100 100 100 212 163 113 188 > cent. 220 166 120 190 Sale price. t Wisconsin Banks hares Corp. WYOMING Dec. 31 307 18 Bank of Montreal National Banks Ask cent. 100 2,017,901 647.512 $ Bank of Nova Scotia 12,000.000 24,000,000 254.651,501 ONTARIO 20 Marshall & Bsley Bk a2.970,000 1.792,960 Mitchell St State Bk. 16,089 590,000 Northern Bank a 150.000 42,777 Park Savings Bank.. a 539,500 > 114.657 Income debentures Marine Nat Exch Bk $ Gross Deposits 5H 16 20 20 Halifax— Surplus & Profits no par stock, Common and preferred stock debentures outstanding. 6 Sept. 28. 1938. Cheyenne- Per American Nat Bank. Stock Growers N Bk. 250,000 300.000 306,570 288.911 6,331,582 8,265,165 share. d Unit of the Wisconsin Bankshares Corp. Member of the Northwest Bancorporatlon. e I Last sale. 100 100 x Ex-dividend. Joint Stock Land Bank Bonds and Stocks Quotations Bonds Atlanta 3s Atlantic 3s Bid. 99% 99% ... Burlington 5s Chicago 4%s 31 are for the last Ask. 100 100 34 day of the month preceding the date of Issue. Bonds. Illinois Midwest 5s Iowa of Sioux City 4 Lafayette 5s_. 6s__ 4Hs 97 3s Denver 3s ! First Carolines 5s First of Fort Wayne 4 He. First of New Orleans 5s_. First Texas of Houston 5s Fletcher 33^s........... Fremont 4%s 5s— Greensboro (N O) 3s 100% 101% 100% 94 New York 5s North Carolina 3s 100 102 Ohio-Pennsylvania 5s Oregon-Washington 5s Lincoln 81 82 99X 99% Pacific Coast of Portland 5s 102 Phoenix 4%s / Pennsylvania 3%s 85 100% Potomac 45 100 99 X 104 H - 5s 107 3s St Louis 5s San Antonio 3s Southwest 5s Southern Minnesota 5s f 99X 31 100% x Ex-divid«nd. 99 99 H 100 STOCKS Atlantic. 100% Par Atlanta 101 Dallas 50 101 100 45 >....--..--100 40 117 ..100 100 ..100 100 100 Denver 100% 106% 108% 100% First Carollnas 33 101% 83 11 13 Des Moines... Freemont Lincoln................ 100 New York North Carolina Pennsylvania Potomac San Antonio Virginia..... Virginia-Carolina / Flat price. Bid. Virginian 3s 100% 81 / Bonds and Stocks. Union of Detroit 4%s„ 5s 93 92 100 99 H 101 84 98 101 89 . 100% 99% 100% 99 90 5% 99 % 99 100 Ask. 100 He 4% 5s— Dallas Bid. 100 mmt' m 45" 37 125 42 60 70 3% 1 5% 2% 1% 3 10 14 .....100 65 100 ....100 20 75 25 ........100 5 ...100 .... 85 74 1.75 85 78 1.95 - 112 Quotations are as near as possible Bid. bonds 64 60 Cum income 2-6s July 1 Alllea Owners Corp 9754 98 65 67 Chain Store Fox New 30 54 18 32 46 51 1st 5s (Brooklyn) 1st 5s (Long lsld) Corp) 35 —— 37 554 s to 1st mtge 2-4s 1952 M&S Granada Apt Bldg 6s 1938--M&S 50 H 62 H Grant Bldg (Pittsb)— 9 54 1958— 19 44 30 43 71H 20 28 H 102 46 -M&S 52-(w-s) 17 19"" 22 24 Boston Parcel Post 3s Oct 1945-_ Boston Postal Serv 5 Ha '38.J&J 4 6 35 Hotel Drake Corp inc 3-5s '53F&A Hotel Governor Clin 6s 48-A&O 22 25 25 Hotel Lexington units Hotel Sherman Inc 1st 5s 1957— 5b 22 h 69 h 33 35 Income 7s 1950 w-s Book Tower (Det) 2-5s B'way Barclay Office Bldg— 1st, 2d 1956 —Bway Mot Bldg <N Y) 6s '48 F&A Bway-Spring Arcade Bldg— Non-cum 3-5s April 1 '57.J&D Bway & 38th St 7s 1945——J&J Bway & 41st St Bldg 3-5s 1944-. Bldyn Fox Corp inc 3s Oct 1 1957 Brown Hotel (Louisville)— s 19 1950 66 '48.M&S 91 59 35 11 Jagels & Bellis Realty 6s 28 104 102 104 49 6s 49 Uy2 81 80 84" 43 45 15 17 5H - 42 Lefcourt State Bldg— Extend 1st 4-6 Ms 1948 Lenox Hotel inc 5s 1950 ' 20 F&A — 6J4 2 50 97 54 77 51 f f 50 53" 8H 8H f f 10 10 57 62 33 H . 3-5s. 1955 M&S f Congress Square Hotel (Port Me.) 5 Ha 1946 M&N Court & Remse™ sts (Brooklyn) 36 H 74 1754 18H 50 Bldg Corp 1st s f 3 54-5s—1(L~ Davidson R'lty 6a w w 1940 A&O De Paul Hospital 1st & ref 29 H 50 3-3H-3H-4s 1939-1947—QDetroit Hotel 6Hs to 1941-.Ii Detroit Leland Hotel 5s Oct 1 *52 Dorset Hotel 1st partic 2s 1957— Eastern Ambassador Hotel i 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 11 Park Place Corp 4s 1948- 98H f f 33 54 24 44 H 26 H 1903 --—F&A Lincoln Mtge & Title— Guar 5 Ha ctfs of deposit— Lincoln Mtge Co 5s (w-s) 1948— Loews Midland Theatre & Office Bldg 6a, 1941—M&N Loew State Bldg (Los Ang) 6s '42 Loews Theatre Rlty 6s *47 M&81A Lombardy (The) 6s 1942 M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 6Hs '45 A&O Lord Nelson Hotel s f 4s '47-M&N Lords Court Bldg 5Ha 1942.J&D Macrid Realty 3s Madison Inc (N Y C)— Mtge cum inc 3-6 H8 1957M&N Manhattan Towers 6s 1946-M&S Marcy (The) 6s 1940 F&A Mark Hopkins Inc— 1st income 6s Feb 1 1952 Marsh all-Wells Bldgs 6Hs'47 F&A Mayflower Hotel( D O) 6a 1950Mercantile Properties. Ino— Sec a f 5 Ha 1946 J&J Merchants Nat Prop 4s 1958(w s) Metropolitan Chain Properties— 1st conv a f 6s 1948 M&N Metropolitan Corp (Can) 6s 1947 Metropolitan Playhouses— Debenture mtge 5s 1945.-F&A Nat Hotel of Cuba 6s 1959-M&S 46 29H 6 / / / 75 93 H 1952 Ferry Station P O (San Fran)— Ext income 3s 1952—_—J&D / Film Center Bldg 6s 1943—A&O 5th Ave & 28th St Bldg 6 H* 1945- / 5th Ave & 29th St Bldg 6s 1948—_ 5th Ave & 55th St Bldg 6H« 1945- / 1952 15 Park Row 4s w s 1946—M&S / 51 East 42d St 3s w s 61 Fifth Ave 4s 1943 A&O / 62d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952 Feb. 1 at 101. 27 42 H 45 60 47 f 3 54 50" 4)4 32 27 32 3 f 4 60 83 85 92 95 88 H 90)4 10054 72 99 10254 69 10154 75 102 10354 70 254 3 70 H 72 Ad) mtge inc Apr 15 4 H® 1950- / Natl Tower Bldg 6 Ha 1944 A&O / Neisner Bros Realty, Inc— Conv s f deb 6s 1948 J&D 15 16 50 18 47" N Y Athletic Club— / 40 43 15 H 14 54 1st mtge 2-5s 1955 J&D / N Y Majestic Corp 4s (w-s) 1956 / 41 9554 96 J4 26 6 27 5134 N Y Postal Service Station— 17 F&A 5 Ha 1937 39 H 39 42 4154 26 45 H 28 30 31 51 19 27 54 4154 4554 Oliver Cromwell 6s 1939 ctfs— 42 n / / / / / f / / Olympic Inc (The) Seattle— 1st 6s 1943 M&N / Nominal, fc Last sale. < 4854 77 5) 42) 25 84 28 30H 15H 15H 29 H J&D / J&D J&D 31H 17 17 58 -2H 2 i9«* 18H 41H 44 H 34 36; 1 3 45 92 Stanley-Mark Strand 6Hs 1941 Stanley Real Est 5H» '45 J&D State-Randolph Bldg (Chicago)— 5Hs 1942 M&N / Steuben Bldg (Chic) 6s 1943 M&S / Stevens Hotel (Chic) 6s 1945-J&J / / Certificates of deposit Income 5s W-S 1950 / Stone & Webster Bldg (Boston)— 87 H 854 3 15 15 3054 954 354 31H 100 5s 1947 M&S Strauss-Manhat conv 6s '33-J&D / 32 Taft Rlty (New Hav) Income 3a w-s 1951 21 21 83 7H 37 H 6 36 54 3854 1 M&N M&N / Textile Bldg 1st 6s 1958 Gen 7s s f w w 1948 23" 8W 6s'40 A&O / / 10 East 40th Street Bldg 5s 1953Non-cum inc 6s 1958 M&S f 39 24 4054 3 18 40 54 20 Trinity Bldg 5Hs 1939 J&D Trinity Court Bldg 4s 1941.M&S 55 54 60 54 Stamped Unstamped 2 Park Ave Bldg 4s 1946 23 Lexington Ave 2s 1950 / 29th St Towers Bldg 3s 1942 80 1st 4-5s (w s) 1958 M&N Textile Crafts Bldg 6s w s 1944- • 2124-34 Bway Bldg 5H«—1943 1944Tyler Bldg 6s (w-s) July 1 1953U S Realty & Impt 6s 1944 2480 Bway Bldg 2d mtge 3s 1st 6s 1935 53 «* mm 5654 29 54 28 954 37 54 73 36 30" 1054 mm 38 . _ F&A / A&O / May 1 '35 / (N Y) 6s 1941 1st & coll s f 6s 1938 Van Sweringen Corp 6s Varick St Sta P G 62 Wabash-Monroe Bldg 6s 1953 J&J Wadsworth Bldg(N\ 6 7 16 554 17 H 7 61 63 88 90 55 57 Walbridge Bldg 29 H 1% /Flat price, 8 New 26 41H York Title & Mtge— 554 s series B-I 5Hs series B-K 5Hs series C2 554 s series CW-1 5Ha series FI — 5Hs series Q 1900 Rlttenhouse Sq (Phila) 1st cum income 5Hs 1945-J&D stock Van Sweriugen Co— 49 H 13 IX 79 AW 112 21 1088 Park Av Corp 2 H-5s'53 M&S / ^ 15 "9" 8 , Nat Press Bid 3-6s 1950 (ws)—- 36 Deb 5s Legended 77 95 25 40 J&J Equitable Office Bldg 5s 1952— d Called 24 - Eppley Hotels 1st sf 3-6s 1951 26 43 H 42 A&O / 57" 24 f 45 82 Speed Building (Louisville, Ky). Income 5-6s 1945 M&N 27 42 4254 — 1st 654s 1945 M&N 80 Broad St Inc 4s Nov 1 1956-— / 72 5554 r 6H 40"" 72" 70 Schuyler-Hudson 4s 1947 Sevilla-Bilt Hotel 7 *37 ctfs— f Sbelbum.inciatiovjoH* 40-J&J / Sherneth Corp 2s (w-s) Jan 1 '56. 60 Park Place Bldg 3H«-5s—1947 jSixty-one Broadway Building 3 Hs 1950 with stock A&O / Income 3-3 Hs stpd 1955 / 27 _ 50 B'way Bldg 3-6s 22" X 3854 70 com 6s debenture 1951--- 54 Income 5Ha w s 95 H 75 1937 Columbus-Venetian-Stevens Bldg (Chic) 1st leasehold inc 870 7th Ave 454 s— 44 With stock 59 H 1948 19 35 Schulte Real Estate 6s 1936— Without M&S Lewis Morris Apts 1st 4s 1951 48 1948(w-s)—A&O 80 John St extd 4s 1950 17 Lincoln 42d St Corp— Colonial Apartments 6s 11 West 42d St new 4s— 55 Pa.)- 1948 Lefcourt Man hat Bldg— 1st 4-58 exten to 12H f — Lawrence Hotel (Erie, 6 52 (Chic) 6Hs *45 Units 51H 50 5s'46M&S f 5 LaSalle Wacker 58 fixed. 35 59 52 I Roxy Theatre 654s to 1940-A&O 1st 4s 1957M&S 1 Russ Bldg. (San Fran.)6s'51 F&A St Charles Hotel (Atl Cy) 4s 1945 / J J St Louis Post Off 554s 1938.A&O San Fran Paramount Corp— 5s, 1943 J&J Savoy-Plaza Corp— 3s (w-s) 1956.-Ann Oct / — 82"" 80 16 Lake Sh Ath Club 31 102 4734 70 _ F&A Insurance Exchange Building^ (Boston) 1st 6Hs 1943—F&A 91 f f 21 4554 Hotel Syracuse inc 38 1955 Hotel Taft Corp 5s 1947 Construction— f4-4H8 31H Keith Memorial Bldg 6s 1943 Cigar Stores Realty Holdings—S f dep 5Hs 1949 ser A J&J Circle Theatre extd 6s 1946-M&S Cleve Term Bldg 1st 6s 1941-J&J Stamped Unstamped Cleveland Theatre gen 5s 1944— 1st 72^ 52H 1948— 954 Century Parkway 6s 1956 Chain Store Depot 6s 1940—M&S Chanin Building— 1st Leasehold inc 4s 1945-M&S 2d Leasehold inc 2s 1945-M&S 3d Leasehold Inc 1st 1945-M&S Chesebrough Bldg 6s 1948--A&O Chicago Evening Amer 6a 1939— ChicHerald & Exam 6Hs '50 M&S Colonade Hotel St George 4s 101 Bryant Pk Bldg (NY) 6H«'45J&J Budd Realty 6s June 1941—J&D 6s Sept 1941-.-.-—M&S Bush Term Bldg 1st 5s 1960-A&< Butler Hall 4-5s 1947 J&J Central Zone Bldg inc 6s. 1941 f income 5s May 1 55 2nd income 6s 1949 Cent Manhattan Props s 33 54 1949 1st sinking fund 5s Herald Square Bldg 1st Oresent 1st 6s 1940 . 24 Greeley Sq Bldg 6s 1951——Feb Harrlnmn Bldg bfc 1951.. M&N Hartford Times deb 4 Hs '51 M&N Hearst Brisbane Prop 6s 1942 5 18 31H 2H-5s 1957 (Witb stock) Graybar Bldg < Et»«i oinct* inc)— 1st m leaseh 5p 1Q4A .J&D n~54 3 54 1935 Ben] Franklin 6s ctfs 1933—-w— Berkeley-Carteret 5 Ha '46.M&N Blng & Bing deb 6H® 1950 *&S 24 J&D C)| 1940 Governor Clinton Co Inc (NY 99 Bellevue-Stratford (Phiia)— 6Hs 50 19441 J&J Garrett Buildings (Chicago)— 86 1947 1951———— Beacon Hotel inc 2-4s Apr 7 6s 68H 69 56 H s f 3s loan ctfs 1955 F&A 17 H M&S Lexington Co Inc— 33 1st mtge leasehold sf 3s *64. J&J 5 Park Place Dodge Corp 6a vtc '62 654 F 98 Penn-Haris Hotel 6s 1943 A&O 37 8 F Pennsylvania Bldg 0s 1989 M&N C r 43 Pierrepont Hotel 3-4s 1951 14 Pitts Hotels Corp 1st 5H» '48M&J 37 F 20 39 Mtge cum Inc 5s May 1962 4 Conv cum inc deb 5s May 1967 x Voting tr ctfs for common 76 Poll New Engl Theatres 6s_1958 F Gen income 5s 1983 32 J4 M&N 14 H Provident Loan Society 0% ctfs— / 109 26 F T Prudence Securities Corp— 59 45 Income 5Hs ser A 196I--M&N r V Quincy Station P O (Chicago)1st extended inc fia 1950—J&D / 74 45 I Realty Assoc Sec Corp— Income 5s Oct 1 1943 -J&J 3054 il* 73 I Repub Bldg(Denv) 3-5s 49.M&S 47 54 Retail Properties— I 67 Deb 5s series A 1959 M&8 Income deb 6s ser B 1959.M&S 4H 39 —II 1 Rittenhouse Plaza 2 Hs Jan 1 1958 Robert Treat Hotel (Newark)— 3254 1 22 58 6s 1943— J&J 4% A&O 12 F Park tnau- lst s f 6Hs 1942 Fuller Bldg (G A F Realty 1st 2 54-4s (w-s) 1949 F&A / 1st M p Park II" 46 40 f Palace iiotel(San Fr) 6a '46 P&* V Pantages 'Alex) 0s to 1947.M&N Paramount Bway Corp.— F 35 61 754 94 . 8 C Orpheum Th & Rlty 2-6s '46 M&S 33 Academy of Music Income 3s 1957 Fox St Louis Theatre 53 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 554s 1949 Bauman (Ludwig)— 70 » ^ 15 1st leasehold 6 Hs to 1941.M&S Fox Theatre & Office Bldg Realty— 45 39H 31H 6M 40 1st mtge coll 5Hs 1957—.J&J Cum income 6s 1957 A&O 50 42 f 7a 1941 1400 B'way Bldg 4-6 54s stpd 1948 1410 B'way Bldg 3 Hs 1941-A&U Fox Det Theatre 6s 1942 A&O 57 73 Corp 4s '57-M&S General 65 35 11949J&J Arrowhead Lake 7s 1944-47-J&D 23 H 14 110 So Penn Ave (Atl City)— 1 6s 1944. J&D 165 Broadway Bldg 5Ha '61 1 Ore Paramount C 58 H 19H J&D / 1942 48* 854 434 42 56 54 Non-cum inc 5s June 24 6 Income 5s June 1 3H 40 H 55 '41-M&N Bldg & Rlty «Seattle)-— 3-6s 1948. Assoc 21 / 103rd & West End Ave— 42 Broadway Bldg 6a 1939 J&J 48 St Real'n Corp l-4s Mar 1952 2 1950—A&O --.-J&J / Arcady-Wilshire Co (Los Ang)— 23 Ath. 43 H 1 1st mtge 6s 1943--. A&O 40 Exchange Place 5 Hs 1950-J&J 40 Wall 8t Bldg 1st 6s 1958 u. Amer Insur Un Bldg 6s Arcade 20 ----- 1528 Walnut Corp 6s (w-s) 1512 Spruce St (Phlia)— 19 1754 1955— / 1st income 4-5s 1958 J&J Debenture 2-4s 1963——-J&J Ambassador Hotel (Los Ang)— Non-cum inc. 3-5s 3854 d 101 1945—F&A Allerton 55th St 5Hs Allerton N Y Corp 29H One Park Ave 2d sffis'51 ..M&N 0 103 East 57th St Bldg 6s 1941 1 '29 H J&D Stamped 4s 1949 1500 Walnut Corp (Phila)— 1st 6s 1950 —J 62 3454 Bonds. 32 32 J&D >00 Fifth Ave 6Hs 1949 Pa) 1st extd 4-5s 1945 A&O Albany Metropolitan 6-b» 194W Alden (Hotel) lst3-5s 1957—F&A Bid. Ask. Bid. Bonds. Ask (Reading, Abraham Lincoln Hotel for the closing day of the month preceding the date of issue. 39 4854 3254 31 5051 39 17 3s with stock 1950 5054 34 54 Waldorf Astoria (Hotel)— Non-cum inc 5s 1954—..-M&S / Wall & Beaver St Corp— 5254 41 1st 4H8 w-s Nov 1 1951.--J&J Warner Bros Hollywood Thea— 30 40 1st 6 Hs 1941 Washington Properties 455^S 5 4754 7 54 Westinghouse Bldg 4s 1948-A&0 Woodbridge Bldg 6H* '41—A&O 7s 1940 A&O 43 44 54 „ mm mm 24H 2454 1754 19H , M&N Inc 7s 1952 80 55 H 72 36 40 56H